REGISTERED CHARITY NUMBER: 522827
Unaudited Financial Statements for the Year Ended 31 December 2022
for
The Grove Miners Welfare Trust
The Grove Miners Welfare Trust
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |
|---|---|
| General Information | 1 |
| Independent Examiners Report | 2 |
| Trustees Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
The Grove Miners Welfare Trust
General Information for the Year Ended 31 December 2022
| TRUSTEES: | K Smart - Chairman |
|---|---|
| B Ball | |
| R Lee | |
| T Lee – Secretary / Treasurer | |
| W Haynes | |
| E Rice | |
| M Oxford | |
| ADDRESS: | Cooks Close |
| Atherstone | |
| Warwickshire | |
| CV9 1ES | |
| BANKERS: | Lloyds TSB Bank |
| ACCOUNTANTS: | Haines Watts |
| Sterling House | |
| 97 Lichfield Street | |
| Tamworth | |
| Staffordshire | |
| B79 7QF |
Page 1
The Grove Miners Welfare Trust
Independent Examiners Report for the Year Ended 31 December 2022
We report on the accounts for the year ended 31 December 2022 set out on pages 4 to 5.
Respective responsibilities of the trustees and examiner
The Charity’s Trustees are responsible for the preparation of the accounts, and they consider that the charity is exempt from an audit under section 144(2) of the Charities Act 2011 and that an independent examination is requested. It is our responsibility to carry out examination of the accounts, following the procedures laid down in the general directions given by the Charity Commission and state whether particular matters have come to our attention.
Basis of opinion
Our procedures consisted of comparing the accounts with the books of account kept by the charity and making such limited enquiries of the officers of the charity as we considered necessary for the purpose of this report. These procedures provide the only assurance expressed in our opinion.
Opinion
In our opinion:
• the revenue account and balance sheet for year ended 31 December 2022 are in agreement with the books of account kept by the charity under section 130 of the Charities Act 2011;
• having regard only to, and on the basis of the information contained in the books of account, the revenue account and balance sheet comply with the requirements of the Charities Act 2011; and
• the charity has satisfied the conditions for exemption from an audit of the accounts for the year ended 31 December 2022 and did not at any time within the year fall within any of the categories of charity not entitled to such exemption.
S P Butler
Haines Watts Sterling House 97 Lichfield Street Tamworth Staffordshire B79 7QF
Page 2
The Grove Miners Welfare Trust
Trustees Report for the Year Ended 31 December 2022
The Trust continues to meet its objectives of providing sports and leisure activities to the people of Atherstone and surrounding local villages.
The overall income for the year has increased by £28,014 over the prior year’s results. Expenditure has increased by £66,453 year on year. The loss for the year was £12,806.
Useful comparison with prior year results is difficult due to the effect of Covid impacting previous year results. However, 2022 results are broadly inline to those in the years pre 2021, those not being impacted by Covid.
The various clubs continue to thrive and memberships remain stable.
The deprecation policies used are:
Freehold buildings 2% straight line Property improvements 2% straight line Equipment and fittings 20% reducing balance.
K Smart
Secretary to the Trust
Page 3
The Grove Miners Welfare Trust
Income and Expenditure Account for the Year Ended 31 December 2022
| Income Investment Income Subsection Income: Sports & Social Men’s Bowls Tennis Government grants Bonus ball Total Income Expenditure Subsection Expenditure: Sports & Social Men’s Bowls Tennis Bonus ball Insurance and Security Accountancy Sundry Donations Bank charges Movement on investment Depreciation Historical bank differences Repairs and renewals Bonus ball opening balance Memberships Petty cash balance brought forward difference Total Expenditure Net Surplus/(Deficit) Funds at start of period Funds at end of period |
2022 £ 72,123 4,593 2,038 - 4,321 61,836 6,132 5,004 1,000 1,572 1,493 - 500 - 18,762 4,045 555 2,025 - 78 - |
||
|---|---|---|---|
Page 4
The Grove Miners Welfare Trust
Balance Sheet 31 December 2022
| FIXED ASSETS Buildings, Equipment & Fittings INVESTMENTS Lloyds TSB Management CURRENT ASSETS Stock Bank Accounts Cash Floats CREDITORS Creditors & Accruals Current Assets less Liabilities Total Assets less Liabilities Reserves Balance of Funds Brought Forward Surplus / (Deficit) for the year |
2022 £ £ 1,617 52,746 818 55,180 (696) |
90,535 92,002 54,484 237,021 249,827 (12,806) 237,021 |
2021 £ 1,782 42,025 1,373 45,180 (696) |
£ 94,580 110,763 44,484 249,827 224,193 25,634 249,827 |
|---|---|---|---|---|
K Smart
Secretary to the Trust
Page 5