Jewel Miners Welfare Charitable Society
Latest income
£267k
Latest spending
£45k
Accounts read
FY2026
Financial health, per FY2026 accounts
The accounts state that the charity reported a surplus of £24,989 for the year ended 31 January 2024, with total unrestricted reserves standing at £657,797. Per the trustees' report, these reserves comfortably exceed the stated policy target of three months of running costs, covering approximately four months when excluding non-cash reserves. The trustees consider the financial position healthy, noting that reserves meet the policy requirements for going concern.
What the accounts disclose
Going concern: doubt noted
“The Charity shares a management committee with The Jewel Miners Welfare Society & Social Club, and the finances of both organisations are interdependent, with each relying on the other for financial support as appropriate.” — page 9
Per FY2026 accounts as filed with OSCR.
Related-party transaction: Rent charged to Jewel Miners Welfare Society and Social Club
“During the year, there was £12,000 (2023: £12,000) rent charged to Jewel Miners Welfare Society and Social Club. At the year end, £nil (2023: £nil) remained outstanding. In addition to the above, a loan subsisted between the Jewel Miners Welfare Society and Social Club and the Jewel Miners Welfare Charitable Society. At the year end, the Charity was due £74,516 (2023: £45,321) to Jewel Miners Welfare Society and Social Club, with this balance remaining payable at the year end and included within other creditors.” — page 13
Per FY2026 accounts as filed with OSCR.