THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014
THE PROMOTION OF HEALTH, THE RELIEF OF PROVERTY AND HARDSHIP AND THE ADVANCEMENT OF EDUCATION AND ANY OTHER CHARITABLE PURPOSE FOR THE BENEFIT OF EMPLOYEES AND FORMER EMPLOYEES OF THE COAL MINING INDUSTRY IN THE UNITED KINGDOM; AND ANY SUCH CHARITABLE PURPOSE AS THE TRUSTEES SHALL DETERMINE.
Financial health, per its FY2024 accounts
The accounts state that the group reported a net surplus of £85,057 for the year ended 31 December 2024, driven by a significant increase in the value of its investment portfolio. The trustees confirm that unrestricted reserves stood at £7,185,875, excluding fixed assets and investment properties, and that the financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The reserves policy is reviewed annually and expenditure budgets are built around the strategic plan.”
“The Coal Industry Social Welfare Organisation paid expenses on behalf of CISWO 2014. At the year end an amount of £12,127 (2023: £11,093) was owed to the Coal Industry Social Welfare Organisation.” — page 33
“CISWO 2014 will receive a payment under gift aid from CISWO Trading Limited of £18,957 (2023: 14,551). At the year end an amount of £18,957 (2023: £14,551) was owed by CISWO Trading Limited.” — page 33
“The Coal Industry Social Welfare Organisation paid expenses on behalf of CISWO 2014. At the year end an amount of £12,127 (2023: £11,093) was owed to the Coal Industry Social Welfare Organisation.” — page 33
“CISWO 2014 will receive a payment under gift aid from CISWO Trading Limited of £18,957 (2023: 14,551). At the year end an amount of £18,957 (2023: £14,551) was owed by CISWO Trading Limited.” — page 33
“The Coal Industry Social Welfare Organisation paid expenses on behalf of CISWO 2014. At the year end an amount of £12,127 (2023: £11,093) was owed to the Coal Industry Social Welfare Organisation.” — page 33
“CISWO 2014 will receive a payment under gift aid from CISWO Trading Limited of £18,957 (2023: 14,551). At the year end an amount of £18,957 (2023: £14,551) was owed by CISWO Trading Limited.” — page 33
“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. This amount was paid in April 2025.” — page 33
“CISWO (Trading) Limited Provision of accounting services to mining related charities and their trading companies.”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Carole Langrickchair
- CHRISTINE KAYE
- DAVID JONATHAN DUNN
- David Paul Steer
- Helen Anne Lentle
- Howard Stephen Shaw
- John-Paul Considine
- Michael Laing
- Michael Macdonald
- Patrick Matthew Carragher
- Richard Nield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.1m | £3.4m |
| 31/12/2023 | £2.3m | £3.5m |
| 31/12/2022 | £1.7m | £3.8m |
| 31/12/2021 | £2.9m | £3.4m |
| 31/12/2020 | £2.8m | £3.7m |
Common questions
Is THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014 financially healthy?
Per its FY2024 accounts: The accounts state that the group reported a net surplus of £85,057 for the year ended 31 December 2024, driven by a significant increase in the value of its investment portfolio. The trustees confirm that unrestricted reserves stood at £7,185,875, excluding fixed assets and investment properties, and that the financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Saffery LLP.
Charities like this
- THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION
- SOUTH WALES MINERS WELFARE TRUST FUND SCHEME
- NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME
- NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD
- COTGRAVE SOCIAL WELFARE CENTRE
- NORTHUMBERLAND AGED MINEWORKERS' HOMES ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE COAL INDUSTRY SOCIAL WELFARE ORGANISATION 2014 | £2.1m | — | — | 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 |
| NOTTINGHAMSHIRE MINERS WELFARE TRUST FUND SCHEME | £155k | — | 0 | unclear | — | no doubt |
| NATIONAL COAL MINING MUSEUM FOR ENGLAND TRUST LTD | £4.4m | — | — | above | — | no doubt |
| COTGRAVE SOCIAL WELFARE CENTRE | £89k | — | 0 | unclear | — | no doubt |