Coalburn Miners Welfare Charitable Society
Latest income
£297k
Latest spending
£300k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that unrestricted reserves stood at £802,059 against a policy target of twelve months of anticipated administration and support costs. The charity reported a net expenditure of £3,483 for the year, contrasting with a net income in the prior period, though total net assets remained stable at approximately £961,000. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Related-party transaction: The charity derives substantial income from its connected Social Club, Coalburn Miners Welfare Social Club, which pays an annual occupational licence fee and transfers profits under a Gift Aid agreement.
“a substantial amount of its income comes from its connected Social Club, Coalburn Miners Welfare Social Club, which pays an annual occupational licence fee in order to run its business from the charity’s premises. In addition to this, the Club also transfers any profits it makes to the Charity under a Gift Aid agreement”
Per FY2025 accounts as filed with OSCR.