NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME
To promote and improve the health, social well being and conditions of living of persons who are or have been employed in the coal industry and their dependants.
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?
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. Its FY2024 accounts were independently examined.
Charities like this
- THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION
- SOUTH WALES MINERS WELFARE TRUST FUND SCHEME
- MOSBOROUGH MINERS' WELFARE TRUST
- THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014
- NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD
- WELBECK MINERS WELFARE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME | £155k | — | 0 | unclear | — | no doubt |
| THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION | £1.4m | — | — | below | — | no doubt |
| SOUTH WALES MINERS WELFARE TRUST FUND SCHEME | £696k | — | 0 | above | — | no doubt |
| MOSBOROUGH MINERS' WELFARE TRUST | £100k | — | 0 | unclear | — | no doubt |
| THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014 | £2.1m | — | — | unclear | — | no doubt |
| NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD | £4.4m | — | — | above | — | no doubt |