REGISTERED CHARITY NUMBER: 522827
Unaudited Financial Statements
for the Year Ended 31 December 2023
for
The Grove Miners Welfare Trust
The Grove Miners Welfare Trust
Contents of the Financial Statements for the Year Ended 31 December 2023
| Page | |
|---|---|
| General Information | 1 |
| Independent Examiners Report | 2 |
| Trustees Report | 3 |
| Income and Expenditure Account | 4 |
| Balance Sheet | 5 |
General Information for the Year Ended 31 December 2023
The Grove Miners Welfare Trust
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 2023
We report on the accounts for the year ended 31 December 2023 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 2023 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 2023 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 2023
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 £4,424 over the prior year’s results. Expenditure has decreased by £4,658 year on year. The loss for the year was £2,924.
Useful comparison with prior year results is difficult due to the effect of Covid impacting previous year results. However, 2023 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 2023
| 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 Memberships Total Expenditure Net Surplus/(Deficit) Funds at start of period Funds at end of period |
2023 £ 78,854 4,565 2,632 - 1,449 78,806 3,728 2,008 700 1,741 799 276 250 - 5,071 - 4,165 - |
£ 7,120 87,500 94,620 85,242 12,302 97,544 (2,924) 237,821 234,897 |
2022 £ 72,123 4,593 2,038 - 4,321 61,036 6,132 5,004 1,000 1,572 1,493 - 500 - 18,762 4,045 555 2,025 78 |
£ 7,122 83,074 90,196 73,172 29,030 102,202 (12,006) 249,827 237,821 |
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Page 4
The Grove Miners Welfare Trust
Balance Sheet 31 December 2023
| FIXED ASSETS Buildings, Equipment & Fittings INVESTMENTS Lloyds TSB Management CURRENT ASSETS Stock Bank Accounts Cash Floats PREPAYMENTS CREDITORS Creditors & Accruals Current Assets less Liabilities Total Assets less Liabilities Reserves Balance of Funds Brought Forward Surplus / (Deficit) for the year |
2023 £ £ 3,928 44,100 2,531 50,559 1,948 (696) |
87,488 95,598 51,811 234,897 237,821 (2,924) 234,897 |
2022 £ 1,617 52,746 1,617 55,980 - (696) |
£ 90,535 92,002 55,284 237,821 249,827 (12,006) 237,821 |
|---|---|---|---|---|
K Smart
Secretary to the Trust
Page 5