**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**|
|---|---|---|---|---|---|---|
||
|||
|||
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