11
LYNEMOUTH MINERS WELFARE INsTI￿E
ANNUAL REPORT AND ACCOUNTS
Year ended 28 Febnwy 2021

## LYNEMOUTH MINERS WELFARE INSTITUTE 

Year ended 28 February 2021 

Charity number 522087 Company number 2688255 Address Bridge Road Lynemouth Morpeth Northumberland 

Trustees and management 

C Bennett Trustee S Williamson Trustee B Grisdale Trustee A Turnbull Chair S Kennedy R Swinburn 

Secretary D Johnson 

Accountants McCready Page 511 Durham Road Low Fell Gateshead Tyne & Wear NE9 5EY 

Bankers TSB Newgate Street Morpeth Northumberland 



LYNEMOUTH MINERS WELFARE INSTITUTE 

1 

## REPORT OF THE MANAGEMENT COMMITTEE 

## Year ended 28 February 2021 

The management committee present their report and the accounts for both the charity and the company for the year ended 28 February 2021. 

The following served on the management committee during the year 

C Bennett S Kennedy S Williamson B Grisdale R Swinburne A Turnbull 

The year has been a difficult year for everyone not just the Institute.   We have been helped with grants from the government.  Rents from tenants have helped pay the ongoing overheads. 

Applications were successful for grants which have allowed us to improve facilities with the creation of a Dance Studio and areas to help provide comfort and support for vulnerable people in the community. 

With the reopening of facilities we have seen a slow return of the groups who use the facilities.     We are hoping to increase the activities as time moves on. 

We thank once again all the staff for their help in the year and you the members for your continued support. 

C Bennett - Trustee 

** October 2021 



LYNEMOUTH MINERS WELFARE INSTITUTE COMPANY ACCOUNTS INCOME AND EXPENSES 

## Year ended 28 February 2021 

|ended 28 February 2021|||||
|---|---|---|---|---|
|BAR<br>Bar sales<br>Purchases<br>Gross profit<br>Other income<br>Covid-19 grants<br>Fruit/Lotto  machine<br>Pool table<br>Juke box<br>Snooker table<br>Bingo and domino cards<br>Key club<br>Subscriptions<br>Overheads<br>Wages and NIC<br>Pension<br>Stocktaker<br>Rent and water<br>Repairs<br>Heat and light<br>Cleaning<br>Postage and telephone<br>Printing<br>Sundry<br>Accountancy<br>Legal<br>Bank charges<br>Entertainment<br>PRS and licences<br>Machine hire<br>Licence fee to charity<br>Money to charity<br>Deficit for year|£<br>43,312<br>6,294<br>178<br>37<br>151<br>444<br>-<br>242|2021<br>£<br> <br>39,933<br>22,992|£<br>-<br>13,764<br>1,247<br>197<br>511<br>3,457<br>3,046<br>721|2020<br>£<br>160,014<br>80,500|
|||16,941<br>50,658||79,514<br>22,943|
||63,481<br>368<br>300<br>1,083<br>3,224<br>7,973<br>1,598<br>49<br>608<br>1,704<br>2,156<br>1,037<br>354<br>-<br>157<br>3,952<br>-<br>-||57,771<br>-<br>550<br>2,735<br>2,629<br>14,617<br>3,056<br>1,629<br>3,654<br>3,250<br>2,100<br>-<br>599<br>1,985<br>971<br>3,918<br>2,993<br>-||
|||67,599<br>88,044||102,457<br>102,457|
||||||
|||(20,445)||-|





LYNEMOUTH MINERS WELFARE INSTITUTE 

3 

## COMPANY ACCOUNTS 

## BALANCE SHEET 

## Year ended 28 February 2021 

|Current assets<br>Stock<br>Prepayments<br>VAT<br>Cash in bank and in hand<br>Creditors-due in one year<br>Trade creditors<br>VAT<br>PAYE and NIC<br>Due to charity<br>Accrued expenses<br>Net liabilities<br>Profit and loss account|£<br>-<br>-<br>-<br>29,695<br>1,055|2021<br>£<br>-<br>875<br>393<br>9,037|£<br>1,537<br>3,570<br>332<br>25,726<br>1,103|2020<br>£<br>5,750<br>-<br>-<br>26,518|
|---|---|---|---|---|
|||10,305<br>30,750||32,268<br>32,268|
||||||
|||(20,445)||-|
|||(20,445)||-|





## LYNEMOUTH MINERS WELFARE INSTITUTE 4 CHARITY ACCOUNTS INCOME AND EXPENSES Year ended 28 February 2021 

|Incoming resources<br>Income from company<br>Rent from company<br>Interest received<br>Gain on investment<br>Room hire and donations received<br>National Lottery<br>Covid-19 grant<br>Total charity income<br>Resources expended<br>Insurance<br>Donations<br>Children’s activities<br>Club activities<br>Repairs<br>National Lottery expenditure<br>Accountancy<br>Total expenses<br>Net surplus<br>Balance at 1 March 2020<br>Balance at 28 February 2021|2021<br>2020<br>£<br>£<br>-<br>-<br>-<br>2,993<br>159<br>373<br>3,124<br>-<br>6,749<br>7,891<br>30,912<br>43,101<br>25,000<br>-|
|---|---|
||65,944<br>54,358|
||2,553<br>2,902<br>-<br>50<br>536<br>363<br>-<br>2,026<br>-<br>61,950<br>35,182<br>-<br>500<br>500|
||38,771<br>67,791|
||27,173<br>(13,433)<br>135,791<br>149,224|
||162,964<br>135,791|





5 

## LYNEMOUTH MINERS WELFARE INSTITUTE CHARITY ACCOUNTS 

## Year ended 28 February 2021 

|BALANCE SHEET<br>Note<br>Current assets<br>Prudential Bond<br>Due from company<br>Grant receivable<br>Prepaid insurance<br>Cash at bank and in hand<br>(2)<br>Creditors – in one year<br>(3)<br>Total net assets<br>Funds|2021<br>£<br>88,843<br>29,695<br>13,998<br>1,980<br>34,893<br>169,409<br>6,445<br>162,964<br>162,964|2020<br>£<br>85,719<br>25,726<br>-<br>1,893<br>28,392|
|---|---|---|
|||141,730<br>5,939|
|||135,791|
|||135,791|





LYNEMOUTH MINERS WELFARE INSTITUTE 

6 

## NOTES TO THE ACCOUNTS 

Year ended 28 February 2021 

## 1 Accounting Policies 

## Accounting convention 

The accounts have been prepared under the historical cost convention. 

Charity accounts 

The accounts of the charity have been prepared on an accruals basis. 

## 2 Cash at bank and in hand 

|Cash at bank and in hand||
|---|---|
|Leek Club<br>Charity’s funds|£<br>6,445<br>28,448|
||34,893|



3 Charity’s creditors 

|Charity’s creditors|34,893|
|---|---|
||£|
|Leek Club|6,445|