NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME
Financial health, per its FY2024 accounts
The accounts state that free reserves decreased by £248,380 to £1,567,716, while total net assets stood at £4,716,618. The trustees report no material uncertainty regarding going concern and confirm adequate resources for the foreseeable future. The charity relies heavily on investment income to fund charitable activities, with net investment gains of £130,718 offsetting a net reduction in reserves.
What the accounts disclose
“Our free reserves at the end of 2024 amounted to £1,567,716 and it is likely that we will need to approach the Charity Commission around 2028 in order to seek their approval to use our endowment funds (value at the end of 2024 £3,148,902) for the benefit of future beneficiaries.”
Trustees
- Alastair Hadfield
- George Nelson
- JEFFREY EDWARD WOOD
- JOHN PHILIP STEVENS
- Jade Winterton
- STEPHEN CHARLES HUDSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £155k | £534k |
| 31/12/2023 | £158k | £265k |
| 31/12/2022 | £149k | £90k |
| 31/12/2021 | £158k | £96k |
| 31/12/2020 | £155k | £166k |
Common questions
Is NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME financially healthy?
The accounts state that free reserves decreased by £248,380 to £1,567,716, while total net assets stood at £4,716,618. The trustees report no material uncertainty regarding going concern and confirm adequate resources for the foreseeable future. The charity relies heavily on investment income to fund charitable activities, with net investment gains of £130,718 offsetting a net reduction in reserves. Its FY2024 accounts were independently examined.