REGISTERED CHARITY NIIMBER: 522202 REPORT OF THE TRIISTEES AND IINAIIDITED FJsYAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR BASFORD HALL MINERS, WELFARE TRIIST Ashtree A>unIants H5 Ash Tree Court Nottingham Business PaTk Notiingham Nottinghamshire NG8 6PY
BASFORD HALL MINERS. WF.I.FARE TRIIST CONTENTS OF TIIE FINA%CIAL.STATEMLryTS FOR THE Tr'EAR ENDED 31 MARCH 2024 rage Rtport of tbe Tslee$ Independent Examiner's R¢port S¢lement (tyf Fiftncial Aetivities Blanee She¢¢ Notes to the Finn¢ial Statemtttts 6 10 10
BASFORD HALL MINERS, WELFARE TRUST REPORT OF THE TRIISTEES FOR THE YEAR E]YDED 31 MARCH 2024 The trnstees present Ihoir with the finan¢ial tstwnents of the eharity for the ye4r ended 31 March 2024. The tnteeS have adopted the pmvisions of Accounting at Rwrting by Charilies: Ststcment of RecomnKnded Practice applicable to charilies preparing their accounts in accordanc£ ivith the Financial ReyortiM8 Strlard applicAble in the UK and Republic of Ireland (FRS 1021 l¢ffeclive l January 2019). OWEcfivES AND AcfiviTIES Objoetives and aims Th¢ club is fornd for th¢ pnymotion of social int¢rcOU and mulual helpfuln mental and mor81 impmvonenL rational r¢Lltation and for th¢ support of thc tharil&Jle aaiviiies ofBLsford iiall Minp5' Welfare. FINANCIAL REVIEIV B8sfoTd H8Jll Social Club T1ie Lhorily is ihe le member ofB&%ford Hall <20221 ljd and the L¥)mpany is limitrd by guarall. To SiS1 Bosford Hall (2022) Lid in getting fully prEpW for tradin8 opernliorns il ptovided kn the company a siart up loan of £20.01)O. Inl¢r¢st of IQA 15 being chArBed on ihis loan. During the r. there no incrne Tecciv¢d by the chwity from Basr0 H1 (2022) Ltd. In th¢ previous financial p¢riod of Irading ihe chariiy received inu)me of £8.822. Monies held ITr the ehArity's bwildimi soeiely ice4)•nts During the ycar. Ihe charity closed th¢ Mansfield Building Society a¢LX)uni tslln5ferd all MleS to the Natwesl current a¢count lo supwjrt the charitS oTrgoing operational costs. Invotmeffjt polky #nd objectlves Surplus sums of cash al anytime longIng to the Charity and noi needed for immaliale working PUryM)$4 can be invested the disLrelion ol'ihe lrnstees. .STRIIC.TIIRE, GOVERNANCE AND MANACEMENT Iterning Tile d)arity is eontroll¢d by ils gov(¥nin8 d0meL a deed of tru $11$5 an nInrPOrated charily. OryanMtionl stnirt•re T1)¢ Charily is 8ovcmksJ by a Managertni CommiULS MPrisIn ofthc Tru5tCU Imd othcr clisible appoinied pcr50n$. Rljk mna%emeTrt 'rhc trustees have A duly tts identify and review the risks th l¢b th¢ ¢harily is ¢xp)sed and to ensure appmpriatc controls are in plac¢ to provi(k re•g)n•bl¢ against frnJ and tr1. REFF.RENCE AND ADMINISTRATIVE DETAILS ReKi¥t¢red Charity •mber 522202 Principl ¥ddre 55 Gold¢rcsi Ro1 Cind¢rhill N(Jltin8h4m N()ItinghamshiTe NG6 SPT '[rSlee S l.ack M Wils()n K J Jacklin F Spen(xr Independent Ex*mitter Ashiree Accovnlants The Pavtlion Sirelley Hall Noltingh Nollingham5hir¢ NG8 6PE Pag¢ I
BASFORD HALL MINEILS. WELFARE TRUST RF.PORT OF TIIF. TRUSTEES FOR TIIE I'EAR ENDED31 MARCH 2024 Approved by order of th¢ b0d of trn*ees on .... ....................... .............. and signed on its behalf by: tee Page 2
INDEPENDEr EXAMINER'S REPORT TO THE TRUSTEES OF BASFORD HALL MINERS. WELFARE TRUST Independtnl exmiller's nport to the tThst¢eg of B¥ford Hall MB#er&' Welfre TrB I report to the charity truslecs on my exaThinolion of the a¢a)unts of B&¥ford Hall Min¢r5' Weif¥r¢ Trust {the Trust) for the y¢ar endcd 31 March 2024. R¢spon5ibilitles and ba$ts of repDrt As the charity tteeS of the Tru you are wsibl¢ for the prepwion ofthe aco)unts in accordance with the requirements of the Chari(i&s Acl 2011 (Ihe Ad'i. I rep(irt in rcspect of my exbminalioTr of the T5 accounts cwried oul under Sedion 145 thf the Act and in Carrying out my exliminalion I have followed all applicable Dirertions gtven by the C.harily Comffjission under Seetinn 14515Mbl Df the Act. Ind¢p¢nd£ut examlntr'y sl•t¢meMi I havL ¢onipleted my ¢xaminatinn. I Ixlnfirni th4t no material mt5 have eonK lo my atlmiion in ¢onn¢ction wilh thc cxamination giving m¢ cause to believe that in any malerial re$F1. Lwuntin8 rerdS kepl in w of TruA Is TvquireAI by S¢Laion 130 ofthc Acl: or the account5 do not ac£(>rd wilh ihose rccnrds. Dr the occounts dn not comply wtth the applicable r¢quiTements a)nming th¢ fnrni and Content of accounts wl rtrul in the chariti (Accounts and R¢portsl Rcgulations 21M)8 othLY than any requirement that ihe a¢counts Bive a Irne and fnir view which is noi a matter considerEd as part ofgn independent ¢xaminAtion. I have no concem5 and have acn other mattels in LY)Trne¢tion with th¢ exwnin81ion ts) le allention sliould be in thi5 rcport in ordcr to enable • prnper UndLYslthlng of the aceounts rewhed. Paul l..mmerstsn. Chartcred Accountant The Institute of Chartcred Accountanis in England and Wnl Aslitrcc Accnunlanls 'I'he l)avilion 8irL.Iley Ilull Noltingham Niittinghamshire NCJ8 6PE Date.. Pag¢ 3
BASFORD HALL MINERS. WELFARE TRIIST STATEMENT OF FINANCIAL ACTIVITIES FOR TIIE YEAR ENDED 31 MARCH 2024 3113124 Total funds 3113123 Total futjds UnTestricted rund Resiri(ts4 fuThf Noic5 INC:QME AND ENDOWMEN'f.s FROM Chxritable rtivi¢ieJ Confcrence a¢tiviti 38.424 38.424 6.769 Oihcr trading activities Invcsimcnl inwmc .822 2,726 5.102 5.102 TDt41 43J26 43J26 18.317 F.XPF.NDI"riiRE ON C.'h4ritble activities ConferL'ncc activiliLs 15.309 15.309 3.645 Other 175213 175.213 59.510 Total 190.522 190.522 63.155 NET INf.OMFJ(EXPENDITIIREI (146.9961 1146.996) (44.8381 RF.C.ONC.II.IATION OF FIINDS T()1Il1 ltsndb brought forward 1,683.886 38.454 .722.340 1,767,178 TOI'AL FIINDS CARRIED FORWARD 1.536.890 38.454 ,575.344 .722.34Q The not forni part of these fin¢la1 smements Page 4
BASFORD HALL MINERS, IVELFARE TRIIST BALANCE,SIIF.F.T 31 MARCH 2024 3113124 Total funds 3113123 Total fvnds Unstrictl¥l fund Restricted fuftd IXED ASSETS Tangible &ssets 1,1 X9.946 1.189,946 ,179,677 CURRENT ASSETS Debiors Cash al bank 31.137 326.787 31,137 365.241 33.683 516.830 38.454 357.924 38.454 396.378 550,513 CREDITORS Amounts falling du¢ wiihin one year 110.9801 {10.980) 17.850) NET CVRRENf ASSETS 346.944 38.454 385,398 542.663 TOTAL ASSETS I.ESS CURRENf i.IABILITIL5 1.536.890 38.454 lJ75.344 1.722.340 NET ASSETS .536.#90 311.454 .575.344 1.722.340 FIIND61 Ilnrcstricted fvnds Rcstricicd lunds 10 1.536.890 38.454 1.6113,886 38.454 TOTAL FIINDS ,575.344 1.722.34n The financial stslemenis kntre approved by the B(MYd orTnl5 and authorisal fi)r issue on ...... signed on its behaifby.. . and M Wily)n- Trustcc Th¢ not¢5 fomi part of these financial ststements Page 5
BASFORD HALL MINERS, WELFARE TRUST NOTES TO THE FJNANCIAL S"I'ATEMENTS FOR THE Tr'EAR ENDED 31 MARCII 2024 AC.COUNTING POLICIES Bsis of PTepri% the fÈNncil $¢ttmeats The financial slatements of the tharity. which is a wblic IKnefil enlily under FRS 102. have tKen prepared in accordance with the Chariti£4 SORP IFRS 102) 'ALntIng and Reportin8 by Charities: Statement of Recommended Practice applicablc to ch8ritiCS PTcparing thcir acc¢)unts in a¢mrdan¢ wilh the Ftnancial Rew)rting Stsnd4rd applicable in the UK and Republic of Irrland (FRS 1021 {effecttwe l January 2019).. financial Re)rtIng Standard 102 The Financial Reporting tsndard app1tble in thc UK Republic of Ireland. and thc Ch&iti&s 201 l. The financial sloiements have been prepared under the hi&orical cost convention. Ineome All income is rec<)gnised in the stament of Financial Activittes ontt the tharily ha5 enlitlemenl to the fund& it 15 prnbable that ihe income will be re¢¢ivcd and the amounl can be Mred rcliably. E%pendilure Liahilities air recognT5al as ¢xpcndilure as M)n us the is 4 legal or Lmynstrudiyc obligaiion ¢ommi(ling the charity tt) thal cxpenditure. it is probable that a transfer of cconomic l>enefEts ivill be Tequired in seitl¢mcnt and the amount of th¢ oblibalion b¢ mca$ur r¢ltably. F.xpU)diiu 15 accouni¢d for on an arLTuals buis and hus been ¢145sifi¢d und¢r headin&5 that oggregate all c05t related io the category. wh¢ fA)sts cannot be directly tributed to particul¥r hwlings they havL IKcn alli)catcd lo adivitias on x basis consislcnt wilh thc use nf rrsources. fixed q¢t epreciation is provideAI at thc following nual ratcs in orts ts) write off each 4ssd over its estimaied useful lif¢. FhOld pr(>perty Fixtures and filtin not provtdcd 25% on redu¢in8 balan¢¢ No depreciatifm is pmvidoa on freehold propcrty. li is ihe charity's policy try maintsin thc prnrtY in a continual state ol. sound rcpair and make improvcments ihcrtho from lime li) timc and aca>r(lingly th¢ tnJs1tt5 consider ihat ihe useful economic lifc ofthc pmperty is so long and residuol valuo baslxl on prevoiling markei priccs. is $0 high. Ihat depreciation is insignificant. Thc Intstee5 consider this trcatmeni neee55ary in order to show a true and fair view. Any diminution in valuL' of ihe property is Lharge41 to the profil and loss accounl appmprialc. 'The Charity 15 exempt from on its charitable aclivitie& vnd ¢countin% ljnrestrictcd funds can b¢ used in a)rdancE with th¢ charitsble objeciives at ihc disuElion ofthe 1rns1S. Rcstriet¢d funds can only be for particular restricted purpthsts wiihin the objects ofthe chwity. Reslridions aris¢ when specified by th¢ donor or wh¢n funds ar¢ rnId for parti¢ular restricied pU)05cS. Further explanation of th¢ nature &nd purpose of each fivml is indud¢d in the notes to the finan¢ial sthtements. OTIIER TRADINC• A(JIVITI& 3113124 3113123 Trading income receivablc from B&sford H411 {2022) Ltd 8.822 INVESTMENT INCOME 3113124 31nn3 Oc¢upatiunal licenc¢ onk and building soctety interest Interest receivable from Ba5Tord Hdl12022) Ltsl 950 3.952 200 2.658 68 5.102 2,726 Page 6 continued...
BASFORD HALL MINERS, WELFARE TRLI,ST NOTES TO THF, FI%AJYCIAL STATEMENTS- coDtittu¢d FOR TIIE YEAR EYDED 31 11.4RCH 2024 TRIISTEES, REMUNERATION AND BENEFITS There were no trnsl¢es' remunerdtion or Other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. During the coutse of the year. Discourse for Action Ltd of which Strve Lack (a trusiee) is a Director, invoiced th¢ Charity for £9.250 in respcct of consultancy lCe5 rendered. This wys agreed under norn)al commer¢ial iernis And duly agreed and appmved by th¢ Board of Trustees. Trnslees, expenses Ther¢ were no Injytees, expenKs paid for th¢ ycar ended 31 March 2024 nor for the year ended 31 March 21123. C.OMPARATIVES FOR THE STATEMENT OF FINANCIAL AC."TIVITIES unsl¢led rund Restricted fund Tothl funds INC".OME APID ENDOWMENTS FROM C."haritxble A¢¢ivi¢ie8 ConferenLe a¢tiviiies 6,769 6,769 Other IrlIng activities Invesimenl income 8,822 2.726 8.822 2.726 Ttstal 18.317 18.317 EXPF.NDITIIRF. ON C.'hritble activitits Conference activilies 3.645 3.645 Other 59.510 59.510 Total 63,155 63.155 NET INCOMEIIEXPENDITIIRE 144.838) (44.838} REC.'ONC.11,IATION OF FiINDS lotal fund5 hrought fnrward 1.728,724 38.454 .767,1711 TOTAL FUNDS C.ARRIED FORWARD 1,683.886 38,454 1.722,340 Page 7 ontinued...
BASFORD HALL MINERS, WELFARE TRUST NOTES TO THE FINANCIAL STATEMEYfs- eon¢inue41 FOR THE YEAR ENDED 31 lARCH 2024 TANGIBLE FIXED ASSETS Fixtures Freehold PToperty fitting5 Totals COST At l April 2023 Additi(Jns .176.033 178,032 15,247 .354,065 15,247 Ai 31 March 2024 .176.033 193,279 1,369,312 DTr:PREC."IATION Al l April 2023 Charge for year 11.760 162,628 4,978 174,388 4,978 Ai 31 March 2024 11,760 167.606 179,366 NF.T BOOK VALINE At 31 March 2024 .164,273 25,673 1.189,946 At 31 Moreh 2023 .164,273 15.404 1,179.677 DEBTORS: AMOIINT&i FALLING DiIE WITHIN ONE YEAR 3113124 3113123 Loan to Basford Ilall120221 Lid Amount duc from B&slord Hall12022) Lid VAT 20.267 8.822 1.424 624 20.068 8.822 4.793 Prepayments and accrued incnme 31,137 33.683 CRF.DITORS: AMOIINTS FALLINC. DliE WITHIN ONE YEAR 3113124 3113Q3 Trade creditor5 Other ryedi¢ors 1150 7,UOQ 10,980 10.980 7.850 MOVEMENT IN FIINDS Nel movement in funds Ai 3113124 At 114123 Ilnr¢s¢ricted fundi General fund 1.683.886 (146,996) 1,536.89 Restrieted funds Capital Reserve 38.454 38.454 TOTAL FIINDS ,722.340 (146.996) ,575,344 Page cot]iinued...
BASFORD HALL MINERS, WELFARE TRIIST NOTES TO THE TrINANCIAL STATENIF.NTS- cDntinued FOR THE YEAR EYDED 31 MARCH 2024 MOVEMENT IN FUNDS- ¢on¢imtsed Net movement in funds included in the abov¢ are as follows: IneDming r¢50urces Resour(zs ¢xpcnded Movemenl tn funds Ilnrestricted funds General fund 43.526 (190,522) (146,996) TOTAL FIINDS 43.526 (190.522) (146.9961 C.omprtives for ve¢t in Net mnvement in funds Ai 3113123 At 114122 Unrestricted fuThds Cyenerdl fund .728.724 144.838) 1,683,886 Re8triet¢d funds Capital Reserve 38.454 38,454 TOTAL FIINDS .767.178 (44.838) 1.722,34Q Comparative net movement in funds. included in ihe above are &$ follows.. Incoming resourees ReSourS ¢xpended Movement in fund5 Ilnrt.qtri¢ied fund* GenLral fund 18.317 (63,1551 (44,8381 TOTAL FUNDS 18.317 {63.1551 (44,8381 A current year 12 months and prior year 12 month5 combined position is &$ ftsllows.. Net movement in fvnds At 3113124 At 114122 Ilnrestrieted funds Generd fund 1.728,724 (191.834) 1.536.890 Restricted funds Capital Reserv¢ 38.454 38,454 TOTAL FUNDS 1,767,178 1191.8341 ,575,344 Page 9 continued...
BASFORD HALL MINERS. WELFARE TRU'ST NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE I'EAR ENDED JI MARCH 2024 MOVEMENT IN FL'NDS- eoDtinu¢d A eurrenl year 12 months and prior year 12 Tnonths combined net movement in fund& included in the above are as follows.. Inwming r¢sources Resources exp¢ndcd Movement ill funds Unrestricted G¢n¢ral fund 61,843 (253,6771 1191.834) TOTAL FIINDS 61,843 (253.677) (191,8341 10. RELATED PARTY DISCLOSIIRES The ¢harily provided a start-up loan of £20.000 B&sford Flall {20221 Ltd to wisl the company in developing and re4)pening the social club. The ohdrity is ihe sole member and ol. this company. Inlcrest of i /0 15 heing charged and the amount is repayable by l Aprtl 2025.Th¢ int¢rc5t receivable for th¢ year is £200. The amount OW to th¢ charity at 31 March 2024 is £20,26712023: £20.068). llje income earned from Basford Hall (2022) Ltd in respect of trading operalions during Ihe financial y¢or is £nil {2023.' £8.8221. Page 10