THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION
Financial health, per its FY2025 accounts
The accounts state that the charity operated to a planned deficit budget, resulting in a net expenditure before investment gains of £3,746,389. Per the trustees' report, unrestricted reserves stood at £3,212,397, which is below the stated policy target of £3.7m, though the shortfall is anticipated to be met through investment gains. The charity remains heavily reliant on its investment portfolio, which increased in value by £590,122 to £28,642,557, to fund its activities.
What the accounts disclose
“The unrestricted reserves of the charity, excluding the value of fixed assets and investment properties, stood at £3,212,397 as at 31 December 2025. The charity aims to maintain reserves covering the budgeted deficit for a minimum twelve month period, which equates to £3.7m before investment gains. It is anticipated that the shortfall will be met through those gains.” — page 31
“The charity incurred costs of £Nil (2024: £1,034) on behalf of the trustee, CISWO 2014 in relation to its administration. At 31 December 2025, CISWO 2014 owed £5,000 (2024: £12,127) to the charity.” — page 64
“In addition, CISWO received a grant of £32,460 (2024: £69,182) from the Yorkshire Miners Welfare Trust Fund (charity no 516535), 1 of the Trustees of that Fund is also a Trustee of CISWO 2014.” — page 64
“The charity incurred costs of £Nil (2024: £1,034) on behalf of the trustee, CISWO 2014 in relation to its administration. At 31 December 2025, CISWO 2014 owed £5,000 (2024: £12,127) to the charity.” — page 64
“In addition, CISWO received a grant of £32,460 (2024: £69,182) from the Yorkshire Miners Welfare Trust Fund (charity no 516535), 1 of the Trustees of that Fund is also a Trustee of CISWO 2014.” — page 64
“As the sponsoring employer, CISWO was required to make an initial payment to the IWCSSS of £1,500,000, equating to the current deficit on the scheme, as valued by the scheme’s actuaries.” — page 57
“The corporate trustee, CISWO 2014 is also the sole member of CISWO Trading Limited and CISWO Charitable Property Services Trust.” — page 24
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "below" (FY2025).
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (21/03/2025)
- Received assets from another charity (26/04/2023)
- Received assets from another charity (17/01/2020)
- Received assets from another charity (04/12/2014)
- Received assets from another charity (01/05/2014)
- Received assets from another charity (02/11/2012)
Trustees
- THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.4m | £5.1m |
| 31/12/2024 | £2.0m | £3.3m |
| 31/12/2023 | £2.3m | £3.5m |
| 31/12/2022 | £1.7m | £3.8m |
| 31/12/2021 | £2.9m | £3.3m |
Common questions
Is THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION financially healthy?
The accounts state that the charity operated to a planned deficit budget, resulting in a net expenditure before investment gains of £3,746,389. Per the trustees' report, unrestricted reserves stood at £3,212,397, which is below the stated policy target of £3.7m, though the shortfall is anticipated to be met through investment gains. The charity remains heavily reliant on its investment portfolio, which increased in value by £590,122 to £28,642,557, to fund its activities. Its FY2025 accounts were audited by Saffery LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 07/01/2025 | £147k | "The Abercwmboi Hall, Institute and Heritage Project" |