HEMSWORTH MINERS WELFARE SCHEME
Sports & Recreation
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £656 for the year ended 31 December 2024, driven by a collective section deficit of £403 and net outgoing resources of £253 from day-to-day operations. Per the trustees' report, the charity's current financial position is not in line with its reserves policy, and the unrestricted funds are in a negative balance, though the trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees are aware that the charity's current financial position is not in line with this policy and are considering how this can be rectified.” — page 5
“a substantial amount of its income comes from its connected trading company, Hemsworth Miners' Social Club Ltd”
Trustees
- PETER TABERNERchair
- Alan Ward
- Lawrence Charles Riedel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £56k | £57k |
| 31/12/2023 | £85k | £89k |
| 31/12/2022 | £79k | £83k |
| 31/12/2021 | £57k | £80k |
| 31/12/2020 | £112k | £125k |
Common questions
Is HEMSWORTH MINERS WELFARE SCHEME financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £656 for the year ended 31 December 2024, driven by a collective section deficit of £403 and net outgoing resources of £253 from day-to-day operations. Per the trustees' report, the charity's current financial position is not in line with its reserves policy, and the unrestricted funds are in a negative balance, though the trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.