WELBECK MINERS WELFARE TRUST
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net outgoing resource of £11,632 for the year ended 30 June 2025, driven by high depreciation costs and increased repair expenses. The trustees acknowledge that the current financial position is below their policy target of maintaining 12 months of unrestricted reserves and are considering how to rectify this. Despite the deficit, the trustees maintain that there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees are aware that the current financial position is not in line with this policy and are considering how this can be rectified.” — page 4
Trustees
- Adam Elce
- Graham Hall
- Michael Heaton
- RICHARD JAMES DALTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £191k | £203k |
| 30/06/2024 | £168k | £184k |
| 30/06/2023 | £137k | £135k |
| 30/06/2022 | £92k | £110k |
| 30/06/2021 | £61k | £71k |
Common questions
Is WELBECK MINERS WELFARE TRUST financially healthy?
The accounts state that the charity reported a net outgoing resource of £11,632 for the year ended 30 June 2025, driven by high depreciation costs and increased repair expenses. The trustees acknowledge that the current financial position is below their policy target of maintaining 12 months of unrestricted reserves and are considering how to rectify this. Despite the deficit, the trustees maintain that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.