3ENTINCK AAINERS, WIELFARE TR FINANCIAL STATEIRENTS AND REP FOR HE YEAR DED 31 DECEIMBER CONTENTS Legal and Admini51ralivo Infomiation Trustees, Report Independent Examiner's R6POrt Statement of Financl81 Activities Balance Sh8al Notes lo th8 Accounts 8-10
BENTINCK MINERS. WELFARE TRUST (REGISTERED CHARITY NUMBER 522233} FINANCIAL STATEMENTS AND REPORT FOR THE YEAR ENDED 31 DECEMBER 2023
BENTINCK MINERS. WELFARE TRUST LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023 Register8d Charity Number 522233 Addrass of Charity 20 Sutton Road Kirkby in Ashfield Nottlngham NG17 8GS Trustees D Whitlon K Crumplon J Taylor (resigned 4 September 20231 D V 8onnert FCA D V Newton Bankers HSBG 1 Leeming Street Mansfield Notlinghamshir8 NG18 1LU Indep8nd8nt Examiner J Wallagè FCA CISWO ITradingl Ltd The Old Rectory Rectory Drlve Whislon Rotherham S60 4JG
NCK IAI RE TRUSY REPO E TRUSTEES FOR THE YEAR ENDED 31 DECEIMBER 2023 The IrusTaéS presènt thelr r8POrt along with tho fillancl81 staternants of tho charity for the year ended 31 Decèmber 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts which can be found on page 8. Constltutlon and Objocts The charity Is constituted by a Scheme dated 21 June 2005 and 15 register8d with the Charity Comfflission under th8 number 522233. The object of the charity is lo provide an Inslllute and recreallon ground for thg bgneflt of Ihe Inhabitants of the araa in and around Ihe vi15age of B8nlinek. parb'cularly (bul not excluslvaly) those who arè m8mbars of th¢ mlnlng communlty. The trustees have ref9rr9d to tha guldanc8 giv8n by the Charlty Commlssion on publ1¢ bonèfil when r8vlewing the charity's alms and objeGlives and delalls of the acllvlfjes that have taken place durlng the year can be found later in Ihls report. Organlsatlonal StTUGturg The trusteès who have s8rv8d the chartty durlng the year are shown on page 1. Th8 ¢haAly Is responslbla for malntalnlng the pr8mls8s and Its conten15 and grounds in a suitable state of rap31r for use by thos9 who Ilve In the surroundlng area. 11 ralses Sncome through various charitable aclivllles, the main one being the hiring out ol its facllilles lo the gangral public, but a substantial amount ol its Income comas from ils connected trading company, Bentinck Miners Welfare Soclal Club Limitgd, which pay5 an annual occupational Iic8nc9 foa lo the charity in order lo run118 business from the charity'8 premises. In addltlon lo this, the company also transfers any proflls St makes to the charlty undor a Gifl Abd agreement $0 the Iruste8s work closely wlth the company's dlreclors to try ancj en8ure the company18 profltsble, thus ensuring extra income for the cliarity. Th& Irusleas hav& devolved certain aspects of th8 day to day running of tha charity to a Committee of Management wlth who they megt regularly. Trustee vacancles are advertlsgd and Intergsled parknes are asked lo apply in writing. Interviews will be held and sullable candldales are then nollft'ed lo their nomlnaling body being either CISWO, Trade Unlon or memb8rs. Th8 Irustea board Is made up of equal numbers of 8ach nomlnaling body. Flnan¢ial Rgview Thè charity made a not loss of £7,006 for the y82r as oppos8d lo last y82r's Income of £6,651. Granls of £24,249 for the installation of tha lift and defibrillator w¥re added to give net ineome of £30,900 in the prevlous year with the e-pendilure for these special payments being shown on the ch8riWs balance sheet. Incoma and 8xpandilure have returned to more normal levels this year. The telephone mast contract has now explred and the Trustees are involved in further negotiations lo renew this with 02. All Indlcations ara thst this will ba cor)8id•rably lowor than tha É7.769 roeÉ)ivèd In th&sè sccounts_ The weliare building needs constant altentlon and cost8 continue lo rise. The hou$e formerly oGGupiad by pr6vious siewards has not been o¢¢upled for some time and, due to the cost of council tax and repairs, a decision was taken by the Truslees lo rapair this with a view to letting it on a commercial basis. These costs will be reflected in the coming yeavs accounts. Contlnued.
BENTINCK MINERS. WELFARE TRUST REPORT OF T TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED Flnanclal Revlaw {contlnuedl Over many years the income and expenditure allributde to the Charity and Social Club has been unnecessarily complicated so, following a review, income from bingo and membershlp which were previously accounted for as income of the Charity have now be&n included as income of the Social Club. Although the Trustees are, on the whole, satisfied with the Charity's results for the year they report that. as in previous years, they are concerned about the connected Soclal Club company. This year has continued to be economically challenging as the Social Club activity has not returned lo previous levels of activity. The Club has shown some increase in turnover due to organising summer ¢vents and a successful association with Kirkby Colts FC. The poor wèalhar in 2024 has howgver reduced this activity, The Company has once again made a modest rgduction to the debt that exists b8tW8en tha Company and the Charity (on which the Charlly 55 charging intgrestl. The Company ¢ontinuo$ lo Ir8de and the Directors plan that thi8 indebtedness wlll b6 given Itt& utm081 priority and 11 b8 cl8ar8d as soon as possible. The Charity balance sh881 remains strong with overall raserv8s of £308,248 made up of tangible fixed ass81s of £199,159 and nel current assets of £109,089. Available cash remains al a good lev81 al the balance sheet dale and the Charlly has only minimal debts whlch the Trustees Consider can be maintained in the future. ReeW of Actlvltles The Trusle6s have continued lo provide an instllut8 and recreallon ground facilities to Ihg local cornmunlly In Kirkby-in.Ashfield. The COVID 19 pandemic affected all the community activities of the Charity bul these ale now gradually returning to normal. The building however is closed on certain days of the weak, Tho rgcraalion ground has now returned lo full activity for junior football teams. Quarrydale United FC continues lo hirg the facililles enabling variou5 junior football teams to enjoy the game In a safe envlronmenl. Jumpslart is an aducallonal support organisalion whlGh continuas to rfjnt the former playschool araa. Several successful outside events were organised for the local community including that for tho King's Coronallon and bonfire night. The charlly facilitles are avallable lo provide benefit lo all members of the goneral publlc. Th8 Truste8s are 2waro that the welfare building Is sadly In ne8d of major repairs for which fund are currently unavailable although small bul slgady progress is madg each year. They will continuo lo Concentrate on improving the inside of thè building including the upstairs concert room and kitchens which have provided a steady source of income from a variety of famlly functions. The Truslees are also members of the local community who provide their services on a voluntary basis. Savèral members of the Social Club have also volunteered lo help during this year and this is appreciated. Investment Policy Thera is no sp&cif1c investnienl policy in place as such as the charlty does not have sufficient funds at this time lo consider investment of any sort. The trustees will continue to monitor this s51uation and make relevant decisions as necessary. Contlnued.
3ENTINCK MINERS. WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR EINDED 31 DEGEMBER 2023 GONTINUED Rosarvas Pollcy It is the pollcy of the trustees lo maintaln unrestrlcled funds wh5ch are the fre8 reseNes of the charfty at a level to provide sufficient Tunds to cover anticipated admlnislralion and support costs for a pariod of 12 month8. Any additional reseNes are held lo provide a capital fund for repairs required for the upkeèp of the prèmises. R5$k Managumont The Iru818es are awaro of tho operallonal and flnanclal rlsks whlch the ch?rity facgs and rogularly roviews Ihosg risks lo mits'gale against any Impact that may have on Ihg charity. The malor rtsks facing the charlly are the eonlinu8d 8UCC8ss of tha social club from whlch it derives Its maln furnding, the support of Individuals and th8 community in using th8 facilities and tho introduction of thè youngar gen8ration to provide for the futur8. The Irusl888 work closely wlth Ihg dir¢¢tors and members lo address these rlsl<s. Statarn•nt of Tru8ta•s Re$ponÈlbllltlè8 Law applicable to charSUes In England and Wales requires the Iru$l¢gs to prepare flnanclal slalemants for each flnancial year whlch give a Irue and fair vlew of the charlty and of the incoming resources and appllcation of resources of the charity for that period. In preparing those financial slataménts, the Irust66s are r8quired lo-. select suitable accounting policies and then apply them consisl8nlly', ob8erv8 the methods and principles In the Charities SORP.. mal(e judgements and eslimales that arè reasonable and prudent., slate whether applicable aGcounling standards have been followed sublecl lo any malerfal departures disclosod and gxplained in the financial st•l8monts', pr8pare th6 flnanclal stalernenls on the golng concern bagls unless It is InapproprSat8 to prasume that the charlty wlll conllnue in operation. The Iruslees ar9 also r85ponslble for lfeeplng proper a¢¢ounling cOrdS whlch dlsclose wlth reasonable accuracy al any tima the financial position of th8 charlty and which anabl8 them lo ènsure that the financial statements comply th the Charflles Act 2011. They are 8180 r8sponslble for saffjguardSng the assets of the harlty and hence for tsl<lng reasonable steps for the prevention and detectlon of fraud and other Irregul8rltles. Signed- D Whitton 26 September 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BENTINCK MINERS WELFARE TRUST I report to the Trustees on my ex8min81ion of the accounts of the above named chartty Ireglslered no. 5222331 for the year ended 31 December 2023 which are set out on pages 6 10 10. Res onslbllltles and basls of re ort As the Charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trustees, accounts carried out under section 145 of the 2011 Act gnd in carrylng out my examinatOn I have followed all the applicable directions given by the Charity Commission under section 14515llbl of the 2011 Act. Inde end nt Examlner's tateme I hav8 completed my examination. I conflrm that no materlal mallers have come lo my att8nlion in ¢onneclion with the examination givlng mg caus8 lo believe that in any material respect: 111 accountlng racords wèré not kèpl in respect of the Charlty as required by $8cllon 130 of th• Act,. or (21 th8 accounts do not accord with thos8 records., or 131 the accounts do not comply with th8 applicable accounting requirem8nls concerning the form and content of accounts sel out in the Charllles IAccounls and Reports) R8gulalions 2008 other than any requirement that Ihg accounts glve a "Irue and fair vlew. whl¢h Is not a matter considered as part of an independent examination. I hav8 no concerns and have come acr088 no olhor matters in connection with the examination lo which 9tt8nlion should be drawn in this report in order lo enable a propor understanding of the occounts lo be r8ach8d. 26 Seplemb8r 2024 J Wallagè FCA On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drlve Whiston Rolherham South Yorkshire S60 4JG
EN CK ERS, UST STATEMENT OF INANCI L ACTI ITIES F RTHEY END D31DEC BER2 Unre trlcted Re Fund$ trldéd Funds Total Tota 2022 Notg Income and Endowments Occupational licence Hall hira and rental income Mobile phone mast Membership subscriptions 8ank interest Loan Interest Bingo Proceeds of land sale Grants received Other Income 7.500 15,700 7,769 7.500 15.700 7,769 7,500 16,292 7,769 1,118 165 1,648 1,771 8,500 24,249 71 1,310 1,999 1,310 1.999 Total Incoma 34.285 34,285 69,083 Ex endltur8 Rat8s and Water S8tvic& charge {shar8 of overhead costs) Insuranc8 Repairs. m8inlenance, c16aning and sundries Healing &nd lighllng Entertainment and events (not of incom8) Depreciation 5,533 10,744 7.157 8,899 1,441 1,196 3,104 5,533 10,744 7,157 8.899 1,441 1,196 5,200 2,621 10,744 5,815 7,586 1,050 750 5,662 2,098 Mana ement and Admlni Wages Legal and professional fèes Ac¢ounlanGy Bank charges Total Expendlturg Iration 1,000 2,304 600 61 460 600 61 460 600 61 39.195 2.096 4q,291 38,183 NET {EXPENDITUREI I INCOME FOR THE YEAR BEFORE EXCEPTIONAL rrEM 14,9101 12,0961 17,006) 30.900 Unusual Ileffl Transfer to Bentlnck Miners Welfare Social Club Ltd {18,800} 118.8001 Fund balances brought fotward 313,097 20.957 334,054 303,154 Fund balancgs carriod forward 289.387 18,861 308,248 334.054
BENTINCK MINERS. WELFARE TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Note Fixgd Assets Tangible assets 199,159 203,161 Currgnt Assets stock of fireworks D8btors and prepayments Cash at bank and in hand 678 36,391 96,193 31,727 81,199 112,926 133,262 Less: Currènt Llabllltles Cr8dilors falling due within one year 13,8371 12.3691 Net Current Assets 109,089 130,893 Total Assets less Current Llabllltlès 308,248 334,054 Total Net Assats 308,248 334,Q54 REPRESENTED BY'.- Accumulat¢d Funds Unreslricled funds Restricted funds 289,387 18,881 313,097 20,957 308,248 334,054 The Financial Statements were approved by th8 Trustees on and slgnad on Ihoir behalf by.. Signed - D Whitton 26 September 2024
BENTINCK MINERS. IIVELFARE TRUST NOTES TO THE FINANGIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2 23 .1. ACC UNTIN ICIE a. Basls of pr8paratlon and assessmenl ol golng concern The financial statements have been prepared under the historical Gost convention unless olherwlse stal8d in th6 relèvant notes lo these accounts. The financial statements have been prepaTed In a¢¢ordan¢e wllh the Statement of Recommended Practice.. Accounting and Reporting by Charfties IFRS 1021, the Flnanclal R8POrtlng Standard {FRS 1021 and the Cherlli8s AGt 2011. Thè Irusle85 conslder that there ar$ no malerlal uncerialntles about th8 charY'S ablllty to continue as a going concem. The trustees have a réasonable exp8Ctatlon that the charlly has adequate reserv88 lo continu8 In operatlonal exlslenc8 for the foreseeable future. Accordingly the trustees contlnue to adopt th8 going concern ba8ls Sn the preparation of the accounts. b. Incomo Re¢ognltlon Income is r8CDonised once the Charlly has entlllemenl lo the Income. 11 is probable that Ihe Income will b6 ra¢oived and the amount of income r8celvable can be measured reliably. Donations 8r8 recognised whgn they ara raceivad. ¢. Expendltur• recognltlon Llabilllies are re¢ognSsed 83 expendllure a8 soon as there 18 a leg81 or constructlvg obligation commlttSng the charity to that expenditure, it 18 probabl8 that setllgment wlll be required and the amount of the obligatlon can bo mèasurgd rèllably. A15 exp8ndlture 1$ accounted for on an accruals basls. d. Depro¢latlon It Is Iho policy of th8 trustees to malnlain the chadty'$ freehold propety In 8 conlinulng stal8 of good repalr and they conslder that in view of the expected residual value It Is not necessary 10 provide for depreciation of the property, Depreciation is provided on fixed assets other than fre8hold property In order to wrlte off the c05t of thos8 assets over their 8xpect¢d economie lives. The annual rates of depreclalion applied are as follows'.- Equipment Fixture8 and flttlngs 250/0 reduclng balance basis 10% r¥duclng bglance baBI$
INCK MINERS, WELFARE TRUS NOTE TO THE ACC UNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2. LOAN TO BENTINCK MINERS WELFARE SOCIAL CLUB LTD The amount due from Bentinck Miners Welfare Social Club Ltd carries interest payable by the limited company to the charity at the annual rate of 1 O/g over base rate. The company was unab18 to cle8r the loan balance al tha balance sheet da18. The accounts are prepared on the basls that the company will conlSnue to trade and the debt Is repaid over the course of several years. The balance outstanding at the balance sheet dale was £30,12612022'. £35,863) 20 02 3. GRANTS RECEIVED oa Indust So ialw fare Or anisa lon Amount receivad for insl811alion of new lift fully ulllised in year 23,285 ham hir Welfare Trust Fund Amount received towards cost of defibrillator fully ulilised in year 964 Fixtur FStt1 XED ASSETS Pro ert Tol COST or OPENING NET 80 Al 1 January 2023 Addltions K VALUE 152,544 170 56,099 1,198 208,813 1,198 At 31 December 2023 152,544 170 57,297 210,011 DEPRECIATION At 1 January 2023 Charge for the year 42 32 5,610 5,188 5.652 5,200 At 31 Docemb8r 2023 74 10,778 10,852 NET BOOK VALUE At 31 December 2023 152,544 96 46,519 199,159 At 31 December 2022 152,544 128 50,489 203,161
3E14TINCK MINERS. WELFARE TRU NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMB R 2023 023 2092 5. DEBTORS AND PREPAYMENTS Propaymenls end accrued Income VAT 8alanc8 due from Bentlnck Minars Welfar8 Social Club Ltd 1.269 332 30,126 528 35,863 31,727 38,391 8, CASH A>ID B HSBC - Cuff8nl account Savings account Cash held by Entertalnmenl Committee 1,070 80,123 3,355 92,145 693 96,193 RS:A ts fallln wlthln ne Purchase ledger balances Accruals and other ¢redltors VAT 2,116 1.721 238 2.091 40 3,837 2,369 8. EXCEPTIONAL ITE During the yèar th8 trustees d•cided thal incorne from bingo and membership fees should be shown in the aGGaunts of Ihe connected tradSng company, Benlinck Miners, Welfare Social Club Ltd, and that thls ought lo have been the case in years past. As a result, the trustees camo 10 an 8grÈément with the company directors that all future income of this nature would go lo the Company and In recognltlon of th8 fact that this should have be&n the casè praviously th8y offered to transfer of sum equivalent to this income for tho last flve years. The amount agreed upon to setle this was £18,800. 10