BENTINCK MINERS. WELFARE TRUST {REG18TERED CHARITY NUAIBER 5222331 ANANCIAL 8TATEMENfs AND REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
EN K MINERS, WE ARE TR ST INAN IAL THE YEAR ENDED 31 D EM8 R 2022 CONT Le981 •nd Adrnlnl8trabva Inftxmat Truste88' R•F#Jrt In48wrthnl Examinofs Repjrt Slatement ol Finandd Athi118s Balanca Sh09t Not•$ to the 8-10
NTINCK MINERS, WE ARÉT UST LEGA AND ADMINIST TIVE I RMA ION OR THE YEAR E CEM RegiSt•r•d Chwity Number AthJre¥$ of Charity .' 20 Ro&d Kirkby in Ashfi•ld Nthngham NG178GS Trustee8 DVNn D V Bwnort K Crumpton J Taylor D Whliton 8ankw8 HSBC 1 LeiThj Street Man8fi•ld Notts'nghamghl NG18 1LU Ind¢pendenl Exarninor J W¥lage FCA CISWO ITr*dingl Lld The Old Reciory Re¢tory DfiV¢ Rotherham S60 4JG
BEN INCK INERS. WELF REPORT OF Th TRU TEES YEAR ENDED 31 DEC The trustee8 pres&nt théir report along wrfh th& financial statsm8nts of the charity for the year ended 31 Decernber 2022. Thè finanaal $ta18ments have en prepard wi aeetsrdance with th8 8c¢ounlln¥ policle8 jet out in Not& 1 to ttjg accounts vthich be found M paga 8. Con$titutlon •nd Obhcts The charity18 constituted ty a Stheme dated 21 J4rne 20)5 and Is reglstered ¥th th¥ Charity Comrnlsslon und81 Ihe number 522233. The oble¢t ofthe choilly Is to provide an instilute and w8atlon ground forthe ben•frt ofth• knhabitants ol the aroa In And •round the vlNag• of Benllnek. parU19 (but not exclusNetyl Ihos• wtho ar• members of th8 mlnlng ¢omrnunity. Th• trustees have refetted lo the guld8n¢e giv&n by the Chailty Commission on publlc benefit when r•vlèvlng th8 charlV8 8lm8 and objectives and details ol the 8eUvllles that have tak•n place during th• year fAn be found latr In thi8 rnport. Organl¥atlon•l Struetur• The trustees who have $6rved Ihe ch•dty Ilurkng ihe y••rare tylw on pag• 1. Th• tharfty li re8pon$lbh for mjlnlalnlng lh• premLe8 afbd W8 contents and grounds in a sultabl8 stste of r•patr for usè by Ihose who Ilva In the surrounding area. It o15es Income through varlou8 charilabk •ctivllYa¥. the maln one being the hmng out of tts f&ilit$ lo Ihe gèneral public. but 8 substantial amount of Its Incomo ¢omes from ttj conne¢ted Iradlng company. 8entin¢k Minen WeNate Social Club Umltgd, whlch pays an annual oc(yJpatlonal l¢enc& fee to Ihè chartty in order io run Its buslness from th• ¢harity'i pr•rniso9. In 8ddlllon lo Ihi$, lh• ¢ompany also tran8l•r8 any profits it m•ke8 to th charlty under o Glft Ald agreement 80 the trustee8 )Ik closety wlth the MPanYS dlrectois to ty and •n$uro the compony 1$ profitAble, thul •nsuflng 8Xtr8 Incom• forth8 charity. Th• trusteas have devofved certain aspect$ of the day lo day Nnnlng of th• chailty to a Commltte• of MAna9grrntvAth Ih•y metst r•guJarty. Trust88 V8candè$ are advartised and int•rest8d parues 8r• asked to appty In tIThj. Interv1$ vhll b• hald 8nd $uitablo ¢andidate$ afy Ihen notified to Iheir nomin•ting body belThJ 8ilhw CISWO, Trad• Unlon or memb•rJ. Th• INst88 bo8r(118 made up ol•qual numb•rs of •ath nomlnating bo¢ty. Flnanclal Revl•w The charity had nét m¢om• of £9.943 fmm the day-tQ-day runnlng ofthe fadlffj•s as opposèd to a substsnual deflcil In the pfèvtous year. Thg tru8tees are otm'ousty pleased with tht8 hnprov&menl but a¢knovAedge th81 il is mainly dLfg to Ihlng$ reluming to nonnal lolloin9 the COVID pand•mlc ahjng wilh an aathtlonal re¢eipt from Sevem Trent for the sale of a sm811 piece Of lh8 charilfs kgnd. The charfty r99d orant monl•8 tot811ing E23.28S from CISWO whlch w•rg to be used specWIGalty for th installation of a IIN In Ihe pr8mise8. Th18 sum has been shovm as a r8slricted fund. the lrft has been includod 85 a copital 8ss•I and. as a rosutt. IhTrs fund wlll l>& gradualty wriilen off via depreCIaOn ¢harges. Onc8 again, thore have tseen sub¥tantial co8t8 for re1rdIal repalrs and mainienan¢o although the trvsteos advantage ol the enforced COVIO cl)suies lo swcssfvlty repalrthe roof18sl year $0 this should no longor provè troublesome. Conlnued...
BEMTINCK MINE ARE TRUST EPORTOF THE T USTEE FOR HE YEAR ENDED 31 DECE BE 2022 CONTINUED Flnanclal Revlew {¢ontlnuod) Although the twstees are. on the whcle. satrsfied with the lar$ resutts for the yaar they r•p)rt that. as in prevlous years. they aré concefnéd about the conne¢ted soLial dub company. This year has conts'nued to b¢ e¢onomically challenglng as the sooal dub athity has not retumed to we-pandemic level$ despitè a range of adrfrttonal a¢#ivities Ing introduced. Hgwever, the tnJst¢e8 are pleased th¥1 the company h88 once again made a modest r8ductton to the debt that e#ts beknn the oynpany and Ihe tharity (on which tho charity18 chargin9 inlere$t). The company conb.nues to trade and the dir)r8 plan Ihal th18 ind•btednes$ wll bo given the utmost priority and will b• dearfjd as soon a$ po$sible. Tho ¢hariVs bal4nce sheet remalns Jtrong Mth overall r8serv8s of £334,054 made up of tangible fixad 88018 01 £203,161 and nel curr•nt assots of £130,893. Available cajh stands al a good levd at the balance $h8el dal& and th• charSty ha8 1)nty mlnimal debts- lh• tN8ts0$ hopo th18 pts¥itron can b• maintainèd in the future. R•vl•w of A¢tlvltl•• The tyusl••8 have conunued to provlde an knsthjto and rou¥Oon ground fac41¥1 to lh• local communlty In Klrkby.in-Ashfield. The COVID 19 pandèmic aff•¢ted all lh• ¢ommunity actMli•s of the charfty but th••• ar• now gradually reMIng to nonnal. The building is htr4vev•r dosed on cartwln days of tha we•k. The recreation grourKI has fètumod to full acfvty during the yeai forjunior football 1gam8. Quanydale United FC conunues lo hlrè tha la¢ilrties •nabling various junior football team8 lo enjoy the game in a gafe onvironmenL Jump8lart 58 an L#t10•1 upport or9ani8aUon c¥nUnu•8 to ronl the fomier play$ch¢)ol area bul Ihls is no lon9•r • •edon of the thaflty. The tertaInMent se¢lion conllnue8 to Improvo bLrt the a¢tivty ha$ not y•1 rebjmed lo prfrpandemic levds. During the yoar, the chartty r¢¢eN•d a grant 01 £984 from the Noltingham8hire Mln•r8 Wthre Tru$l Fund towards th¢ Cost of • defibn'lL4tor. This ha$ now b••n InJtsll•d and the nece884ry tralnlng recelv•d th• Is$istancA• of Ashflold 018lrlct CoLm¢d. SLtb8tsnttal fundlng was al80 rece1v from CISWO towarf8 tho M•t of In•t•lling • lift. Work wa8 complet•d on th1$ in April and th• truat••$ believ• it will b• paruculaty brljaI to th• old•r mom15 and th988 8ufferfng from diJabilitie8. Several outstde •ventJ w•r• ryganl8•d for tho locd u)mmunty thom for tho Quean'8 Jublloe. Th8 foimer slewoids hous• which hJ bw Ocp1a11 at 8 peppereom r•nt ffnany vacated In Aprfl after Plonged and costly legal action. This has since txen ¢x(wpigd under a Short term tenanry agr8emonl but the trustee8 are aware that il requires Impr0Ment in the near future. The tharity fadlthe5 are avail4bl8 in nom)al cyrcumst¥e9 to prowde b•n•fft lo all members of th8 general public who are able to attd. The Irustees arn aware that the wetfare buildin9 13 sadly in need of major repair$ for vthich funds are ¢urrenVy unav4ilable amhough some 9mall but steady pro9ress 1$ mad8 •a¢h ar. They wll continut to coneentrat• on improvFn9 th• in#id• of thè building induding th• upstairs GonGert rwm afto kltchens whlth have PVioUSty provided a Stsady source of Irbcom• a variety of famtly fiJnction8. The trustees a members of the1th31 o)mrnunity vA)o provlde their service$ t)n a voluntary basis. A number ot other people hav¢ vduntsored lo help durtng tho y¢•r and any extra vdunteers wll thays be welcome. Continued...
NTINCK MINeRS' WELFARE TR ST PORT TEES FOR THE YEAR DED ECEMEBR 2022 CONTINUED Inv981ment Policy There 15 no sp$¢ific iw8stsDent pcllty in F4ace a5 yjttt as the d)arity does have suffiuont funds at thi8 b'me to conslder westMt olany sorL The trustees conb'nue to rnonitor this &tUatiC at7d mak• Televanl d8Ci5ions 08 nec8$80ry. R••rve4 Pollcy It is th• pollcy of the Iru8tè•8 to mwnt•ln unr•stn¢Xed funds thIeh are th• free rewve8 of th? tharfty at a18vel to provide $ufficienl fund3 to cover antiopaled admir1stratln and support costs for a period 0112 months. Any addlts'onal r85er¥88 are h81d lo provk1& a capital fund foi rnpaiis r•quired tr Ihe upk¢p olth¢ yeml$&$. Rhk Man#gem•nt Tha tru$lee$ are awar• of Ihg opwatKJnal and rt•ks 1( tho fwj and regularfy revlgws those rl8k3 to mllgate agwnst any ffnpact that rnay ha on the d)anty. Thtt Ma1 risks faong the c)adty are th8 continued SLrce5s ol the soclal Jub from lch r( darives ils m•in fundir4, the support of individu•ls and the comrnunlty In uslng th• fac•lits"es and the thtrodudion of the ywrKJw g8n8rabon to prowd& for th8 fvtur•. T InJ8tg8s )rk do8ely Vith the directtys nd mtynbeTr lo athaiess ItrBe risk$. SttsfflMt ol Trt¢•• R•8pOn•1Iftts1 Law applicat4e to chariti8s in England and Wal88 requ tnJ$t¢¢s to ptwr8 finandal 8tstemonts for 8Kh ffnancial year whi¢h give g tn and fair of Ihe dwty ¥Trd of the Ir0m1rQ resoLtf¢e3 aThJ applicafjon of re8ourcgs ol the charity for that P8dod. In kwring those finanpal $tatsm•nts, Ihe trust8es are rgqLrfred to.. ad•ct suitable accounJng pollots and then awy Ihem consl8tMty, ob50rve the melttods and principles Ml the Charitie5 SORP.. mak8 judgements and •$limat¢s Ihat ar• r•asonabl• and pr(•J•rt stste wheuxr applic*Jle ac(ounting stsndard5 have bw sut4ed to any materfal dgpartur18 dlsdosed and gxplained In Ihe finan081 statemt$.. gpare th8 finandal s18temerrtS tx the wng tsMc4m baw8 unle93 it 1$ in4Frf>rorffi'at• lo pre8Urne that the charty vlll continu• In 0ratiOn. The Irust89s are al80 re8ponslble lor ke&pirvJ awnting records Y•filch ¢J18d0 th roa&¢nabl• a¢¢>Jr8cy at any tm• Ihe finarwl ¢fthe chanty and th1¢h enabl? them to ensur8 that the flnancbl jlatemants c4)mpty with th• Ch8th"es Ad 2011. They arn •180 responsible fc¥ saleguarding the assets ol the arity and hence for taknng reasonable steps for preventi¢M and (ted]M of fraud aThS other irr8gularitie8. Slgned - Trustee Print Name- Truste8 14 September 223
INDEPE DE &YAIIINEIYS REPORT TO THE TRUSTEES OF BENTINCK MINERS WELFARE TRUST I report to the TnJsl888 on my examination of the a¢Unts of Ihe above named charity Iregislergd r. 5222331 for the year ¢nded 31 December 2022 whrch are set out on pages 6 10 10. Res onslblllt5gs an basl As the charity Iruslees you ale responsible for Ihe prepalOn of Ihe aco)unts In 4ce(Jrd8nce th the fequirernants of th8 Charitses Act 2011 (the Act}. I report in respect of my examination olthe Trustees. a¢(Unts rnIed ¢JJt undèr tIOn 145 of the 2011 A¢t and In carrying c4Jt my examtnalion I ha folloAnd all appticable direction$ givan by th& Charity Commission undor section 14515Mbl of the 2011 A en ntE I have c4Jmpleled my oxaminalion. l nriMi th41 no maierial matters have come to my att0nt5on in connedon with the examinalon 9Svlng me tsu4e lo bglieve Ihal In any mat8rial r8wect.' 111 accounting record$ were rKsI kw in re8p8Ct of thg Charity as r•ryed by section 130 01 the Act., or 12) the accounts do not accord with Ihosa i?rds.. or 13) the accounts do not compty wlh the applicab aCcntIng requirements (aMc•ming lomi and content of acctyJnl3 sel out in the Charttlos (Accounts and Report$l R8gulatlons 2008 other than any r•quir•monl ihal the aco)unts giv• a Irug and falr whlch 1$ not a matter considered a$ pert of an mdepen¢Jl •¥nal10n. I have no concems and have ffle 4tr0s6 no Olhor Matte In nnon th the examinatlon lo whlch attention should be drahw) in thls rert In to •nab • propor und8rntandlno of the accounts to b• r&a¢8d. J Wallay FCA On behalf of CISWO ffradlng) Ltd The Old Rectory Rectory Orivo Whlslon Rotherham South Yofkshire S60 4JG 14 S•pteml)er 243
NC INER ' WELFARE TRU ST TEMENT OF FINANC ACT nES FOR THE YEAR EN ED IDEC BER 2022 Q2 Nots Incom• and owments OCCUpaonI1 IKenc• HAII hice Rental Income Moblle phene mast Membèrship sub$crfplb)n• Bank interest Loan intsrgst 81ngo Pro¢eed$ of land 8a1• Gran1$ recelv•d Olh•i Ineome 7.500 3,830 12.462 7,769 1.118 185 7.0 3,830 12.462 7.769 7,5D) 87S 10,249 7,769 229 185 532 1,950 1,771 1.771 23,285 24,249 71 71 427 Totsl Incom• 45.798 89.083 29.639 •n Dlr•¢t Charttabl• Exp•ndllur• Ralos and Water Servic• charg& Iihare ol¢v•thood $18) In$uranc8 Repaiis. rnalnt•nanc•. d•aning and iundrS•• Healing 8nd IvJhllng Arttst•$ and 8nl•rtainrrt•nt Depredallon 2.621 10,744 5.815 7.588 1,050 7SO 3.324 2.821 10,744 5,815 7,588 3,892 10.744 4,028 20,051 942 2,200 3,005 750 5.852 2,328 Manag•m•nt •nd Admlnl•tratlon Wages Legal fe•$ and Ik•nces Accountancy Bank Charges Total Expgndltum 1,000 2.304 600 81 1,000 2,122 2.304 61 35.855 3e,183 NET INCOME I IEXPENDITUREI FOR THE YEAR 2Q,•O7 ¥o,g00 118.7451 Fund balan3 brtyjght forward 303.154 303,1S4 321.899 Fund balances carrf¢d forwanl 313,097 20,9 334,OS4 303,1S4
CK MINERS, ARE TRU BALA AT31 M8ER xtrd Ag• Tangible assets 203.161 179,253 Currn Ass Stock of fireworks Dabtors and prepayments Cash at bank and In hd 878 38,391 .193 39.747 87.047 133,282 128.794 Credltor$ fallSng du? wthin on• yew 12.3691 12,893) N•t Curr•nt A•••ts 130.893 123,901 Tot•1 A•¥•ts ¢urr•nt U•bllStl•• 303,154 rotsl N¢t A*••t• 334.054 303.1S4 REPRESENTED BY:_ Unregtnetèd fund$ Rè5trict•d fund5 313.097 20,957 303,154 Thè Fln8no81 Statements approved TnJ8tets on aThJ thetr t•h4lf by.. CA)frli¢TQ4Q Prfnt Name- TN8te¢ Signed- Trusto• 14 Sept&nbgr 2023
INCK IWNERS, WE AR UST NOTES TO TH FINAN ALST MENTS R THE YEAR CEM8ER 22 COUNT G POUCIES . B••b¥ of pr•p•r•iion #nd a8#•m•nt of 9olng conc•m The fInaral ststements have pe under th8 hlstorical ctl8t convèntion unless 1)the$6 Staled in Ihe relevant n¢kn to these occounts. The finC#al ¥tstements hav• been kyepared In actordance wrth the Stal8menl ol Recommonded Pr¥¢ti.. Aco)unb"ng and Rtwting by Charities IFRS 1tr21. Ihe Finanrial Ropon9 StaTrJard IFRS 1021 and the Ch8rSts'e8 Act 2011. The trustees con8kler that thwa ato no matsiial uncrtainb"e8 about the ¢hanty5 ability lo conllnu8 08 a wng ncern. The trust& have a reawabkn ¢xpectath"on that th• charfty has adequate rès8rv88 lo contsnue in C%¢rnticaJ tsxist8rbc• Icf lh• fcfe8e•ttble luture. Accordlngty the trustse$ ¢tinue to aYcpl the wng oxem b8 in Ihe PfepafaUon ol Ihe 4co)unts. b. Incom• R•cognltlon Irbcom• is recogni8ed onc• Chanty has •nb'll•m•ftt to th• intr)mo. 1118 probjble that the inmme I be ro¢eived the •mnt ol rl¥able can b• m•asurnd reably. Donth'on8 are r•¢owi8ed tmy we rth¥tsJ. ¢. Exp•ndltur• rneognttlon 4lits'•s 8r• recogn1 a8 exFthYitur• ic¢)n as thero Is a 0)rat1¥• obligaliLJ) oommlttlrrfj the dnty to that •xrendltuw, il Is probablg that settlement 14 be r8quired and tho 8rnwnl of Ihe obligation Can ke mwured Iabty. AJI eXpditure 1$ accOuna for on an acttuals ba81$. d. Doprecl•tlon It18 Ihe polw ofthe tr$ to maln Ihe charitys free)kI propety a Ctsntinulrng slate Of gtr)d rfjpair and ttw consitJer that in vivwof the expeaed residual value it is not nece$#ary to provlde fordepreo¥llon ol t pnwwty. Depreaath'on is provided on fixed assets cther than freehokj property in oidar to vrrit• off lh8 ¢081 of thos& assais ovor tsheii •xpedtrJ w)jTh4c lives. The anrMI rates of dewecl8ts.on apF4i¥d w• a8 roll¢).. Equipment Fixiur•$ oftj fftlirps 25% r•thJctng bdance basia 11M f•duaThJ balance ba¥18
8Epm ER ' WELFARE TRU TEST THE ACCO NTS THE YEAR ENDED 31 DECEMBER 2022 OAN TO BENTINCK MIN FARE SOCIAL CLUB The amovnt due from 8entsnd( Min•r5 Welfare Sodal Club Ltd carri•1 int&r•$l payable by the nwled company to the charity al tht annual rate of 1% over base rats. Th• ¢ompany was unable to d•ar th• b)an ban at Ihè balan¢o sheet date. The accounts aro preparod on th• basls th•1 the company will continue to trade and the dotyt 15 repaid over th8 Course of 8ev•ral years. The balan¢• outstsndln9 Ot the baLqnce she•t dal• was £35,88312021.' £39.0221 ani8a Amount re1Ved for installauon of ngw lrfl - fulty ul158gd In yaar 23.285 Amounl received t¢wafd8 eo¥l of dèfibrtlL4tor lulty uttllsed In ytsar 964 IXED Fl At 1 January 2022 Addilioni 152.5 170 26.539 29.580 179.253 29.580 At 31 D•cemb•r 2022 152.544 170 208.813 RECI Al 1 January 2022 Charge lor the year At 31 08mber 2022 42 5,810 5,652 42 S,610 5,852 ET BOOK VALUE Al 31 D•¢emb8r 2022 128 50.489 203.161 At 31 Decernber 2021 152,544 170 26.539 179,253
TIN MINERS. LFAR TRU NOTES TO THE ACCOUNTS BE ORT 22 ND REPAYMENT Trade debtors Pr•payments an¢ 8cuued Inccm• Balance from Bentinth Minors WeK¥e Soc4"al Club Ltd 225 500 39,022 528 35,863 38.391 AS HSBC - Current a(%01 - Savings account Cash held Enletsnment Commit8 3.355 92.145 893 483 96.193 87.047 in Purchase led9er ban¢t3 Ac¢7uals and cih¥ uedilor¥ VAT 238 2,091 1,542 1,250 101 10