LYNEMOUTH MINERS WELFARE INSTITUTE ANNUAL REPORT AND ACCOUNTS Year ended 28 February 2022
LYNEMOUTH MINERS WELFARE INSTITUTE
Year ended 28 February 2022
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 2022
The management committee present their report and the accounts for both the charity and the company for the year ended 28 February 2022.
The following served on the management committee during the year
C Bennett S Kennedy S Williamson B Grisdale R Swinburne A Turnbull
Once again this has been another difficult year, not just for us but the industry in general. With the reopening of facilities since lockdown we have seen a slow return of members and the groups which used to use our facilities. The Main groups such as Tai-Chi, Power hoop, Weightwatchers and the Dancing school have either disbanded or found other facilities. We are hoping to increase the activities and associations with other groups as time moves on.
Since losing the Stewards position the secretary has been covering most of his duties which has decreased the wage bill considerably, some tough times lay ahead of us with increasing costs from all quarters but with your continued support I’m confident we will get by.
We offer our sincere thanks to all our members and staff for their help during the year and bid a fond farewell to Janet Trotter, Dorothy Woollett and Lynn Humble our resident cleaners who all retired in January, Thank you very much for your many years of service, and once again to you the members, for your continued support. We need it now more than ever over the coming months.
16[th] August
2022
LYNEMOUTH MINERS WELFARE INSTITUTE 2 COMPANY ACCOUNTS INCOME AND EXPENSES
Year ended 28 February 2022
| BAR Bar sales Purchases Gross proft Other income Covid-19 grants Brewery discounts Other income Fruit/Lotto machine Pool table Juke box Snooker table Bingo and domino cards Key club Subscriptions Overheads Wages and NIC Pension Stocktaker Rent and water Repairs |
£ 30,66 4 4,441 1,196 4,916 771 30 357 6,260 2,870 804 |
2022 £ 91,58 9 41,25 5 |
£ 43,312 - 6,294 178 37 151 444 - 242 |
2021 £ 39,933 22,992 |
|---|---|---|---|---|
| 50,33 4 52,30 9 |
16,941 50,658 |
|||
| 42,51 5 184 500 974 6,107 |
63,481 368 300 1,083 3,224 |
|||
| 102,6 43 |
67,599 |
| Heat and light Cleaning Postage and telephone Printing Sundry Accountancy Legal Bank charges Entertainment PRS and licences Machine hire Licence fee to charity Money to charity Surplus for year |
12,74 4 2,678 2,009 1,951 2,310 2,492 1,709 460 1,360 940 6,001 - - |
84,93 4 |
7,973 1,598 49 608 1,704 2,156 1,037 354 - 157 3,952 - - |
88,044 |
|---|---|---|---|---|
| 17,70 9 |
(20,445 ) |
LYNEMOUTH MINERS WELFARE INSTITUTE 3
COMPANY ACCOUNTS
BALANCE SHEET
Year ended 28 February 2022
| Current assets Stock Prepayments VAT Cash in bank and in hand Creditors-due in one year Trade creditors Brewery loan PAYE and NIC Due to charity Accrued expenses Net liabilities Proft and loss account |
£ - 8,510 98 13,867 1,443 |
2022 £ 4,600 704 1,373 14,505 |
£ - - - 29,695 1,055 |
2021 £ - 875 393 9,037 |
|---|---|---|---|---|
| 21,182 23,918 |
10,305 30,750 |
|||
| (2,736) | (20,445) | |||
| (2,736) | (20,445) |
LYNEMOUTH MINERS WELFARE INSTITUTE 4
CHARITY ACCOUNTS INCOME AND EXPENSES Year ended 28 February 2022
| Incoming resources Income from company Rent from company Interest received Gain on investment Room hire and donations received National Lottery Covid-19 grant Total charity income Resources expended Insurance Donations Children’s activities Grant amendment Repairs National Lottery expenditure Accountancy Total expenses Net (defcit)/suplus Balance at 1 March 2021 Balance at 28 February 2022 |
2022 2021 £ £ - - - - 57 159 6,780 3,124 7,073 6,749 13,718 30,912 - 25,000 |
|---|---|
| 27,628 65,944 |
|
| 3,208 2,553 - - 840 536 10,000 - 15,813 - 34,497 35,182 500 500 |
|
| 64,858 38,771 |
|
| (37,230 ) 27,173 162,96 4 135,791 |
|
| 125,73 4 162,964 |
LYNEMOUTH MINERS WELFARE INSTITUTE 5 CHARITY ACCOUNTS
Year ended 28 February 2022
| BALANCE SHEET | Not | 2022 | 2021 |
|---|---|---|---|
| e | |||
| £ | £ | ||
| Current assets | |||
| Prudential Bond | 95,62 | 88,843 | |
| 3 | |||
| Due from company | 13,86 | 29,695 | |
| 7 | |||
| Grant receivable | - | 13,998 | |
| Prepaid insurance | 2,456 | 1,980 | |
| Cash at bank and in | (2) | 19,45 | 34,893 |
| hand | 0 | ||
| 131,3 | 169,40 | ||
| 96 | 9 | ||
| Creditors – in one | (3) | 5,662 | 6,445 |
| year | |||
| Total net assets | 125,7 | 162,96 | |
| 34 | 4 | ||
| Funds | 125,7 | 162,96 | |
| 34 | 4 |
LYNEMOUTH MINERS WELFARE INSTITUTE 6
NOTES TO THE ACCOUNTS
Year ended 28 February 2022
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
| 2 Cash at bank and in hand |
|
|---|---|
| Leek Club Charity’s funds 3 Charity’s creditors Leek Club |
£ 5,662 13,78 8 |
| 19,45 0 |
|
| £ 5,662 |