NEWSTEAD COLLIERY MINERS' WELFARE TRUST
Newstead Miners' Welfare Trust is at the forefront of social and economic regeneration in an area high on the indices of local deprivation. Primary activities include: Cafe; social meeting; training, office and conference facilities; fully internet linked IT Suite; access to local service providers including local councils, and drop-in facilities for Job Club and other community support services.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £865,179, exceeding the trustees' stated policy target of maintaining reserves sufficient to cover 12 months of anticipated administration and support costs. The charity reported a net income surplus of £26,152 for the year, with total income of £188,545 against total expenditure of £162,393. The trustees confirmed adequate resources for future operations, noting no material uncertainties regarding going concern.
What the accounts disclose
“It is the policy of the trustees to maintain unrestricted funds sufficient to cover anticipated administration and support costs for a period of 12 months.” — page 6
Trustees
- Charles Donald Reynolds
- Gareth Johnston
- Gillian Winter
- Hilary Smailes
- Linda Leadbeater
- Paul Graham Dendle
- Victoria Kay Leadbeater
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £189k | £162k |
| 31/03/2024 | £147k | £168k |
| 31/03/2023 | £141k | £173k |
| 31/03/2022 | £107k | £115k |
| 31/03/2021 | £119k | £66k |
Common questions
Is NEWSTEAD COLLIERY MINERS' WELFARE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased to £865,179, exceeding the trustees' stated policy target of maintaining reserves sufficient to cover 12 months of anticipated administration and support costs. The charity reported a net income surplus of £26,152 for the year, with total income of £188,545 against total expenditure of £162,393. The trustees confirmed adequate resources for future operations, noting no material uncertainties regarding going concern. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 11/02/2015 | £10k | Upgrade of old IT equipment |