| Contents | Pacae | |
| Legal and Administrative | Details | |
| Trustees' Report |
2-3 | |
| Auditors' Report |
4-5 | |
| Statement of Financial | Activities | |
| Reconciliation of Funds |
Statement | |
| Balance Sheet | ||
| Notes to the Accounts | 9-11 |
| Charity | Registration | Number | 1001272 | |
| Trustees | Mr M F Ball | |||
| Mr T Barker (resigned | 28 February 2021) | |||
| Mr SC Hudson | ||||
| Mr J EWood | ||||
| Secretary | Mr D A Brookes | |||
| Coal Industry Social Welfare Organisation |
||||
| Welfare Offices | ||||
| Berry Hill Lane | ||||
| MANSFIELD | ||||
| NG18 4JR | ||||
| Bankers | National Westminster Bank |
|||
| 9Church Street | ||||
| MANSFIELD | ||||
| NG18 1AF | ||||
| Solicitors | BRM Solicitors | |||
| Gray Court | ||||
| 99Saltergate | ||||
| CHESTERFIELD | ||||
| S40 1LD | ||||
| Auditors | Rackham's Accountants |
Limited | ||
| Statutory Auditors |
||||
| 3 Melton Park | ||||
| Redcliff Road | ||||
| Melton | ||||
| East Yorkshire | ||||
| HU14 3RS |
| ~Ex endable | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | 2020 | 2019 | ||||
| Note | f | f | f | ||||
| Income and Endowments | |||||||
| Investment income - Dividends |
received | 55,262 | 99,459 | 154,721 | 177,131 | ||
| Interest received | 175 | 175 | 403 | ||||
| Total Income | 55,437 | 99,459 | 154,896 | 177,534 | |||
| ~Ex enditure | |||||||
| Grants to organisations | 76,801 | 76,801 | 33,713 | ||||
| Personal welfare and hardship | grants | 76,684 | 76,684 | 75,841 | |||
| Holiday grants | 1,349 | 1,349 | 2,400 | ||||
| Investment management |
fees | 6,000 | 6,000 | 6,000 | |||
| Audit fees | 2,880 | 2,880 | 2,760 | ||||
| Accountancy fees |
1,447 | 1,447 | 1,412 | ||||
| Legal and professional fees |
1,008 | 1,008 | 972 | ||||
| Depreciation | 260 | 260 | 1,777 | ||||
| Total Expenditure | 166,429 | 166,429 | 124,875 | ||||
| Net (Expenditure)/Income | before Investments | (110,992) | 99,459 | (11,533) | 52,659 | ||
| Investment (losses) / gains |
|||||||
| Unrealised (losses) / gains |
22,724 | (58,510) | (35,786) | 436,090 | |||
| Realised (losses) / gains | 28,590 | (28,827) | (237) | 22,613 | |||
| NET (EXPENDITURE) / | INCOME | (59,678) | 12,122 | (47,556) | 511,362 | ||
| Transfers between funds |
99,459 | (99,459) | |||||
| NET MOVEMENT IN FUNDS |
39,781 | ~87,337 | ~47,556 | 511,362 |
| ~Ex endable | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| Fund | Fund | 2020 | 2019 | |||
| F | K | E | E | |||
| Balance at 1 January 2020 | 2,135,159 | 3,286,964 | 5,422,123 | 4,910,761 | ||
| Net movement | ofresources | in year | 39,781 | (87,337) | (47,556) | 511,362 |
| Balance at 31 | December 2020 | 2,174,940 | 3,199,627 | 5,374,567 | 5,422,123 |
| Represented | by:- | ||||
|---|---|---|---|---|---|
| Investments | 1,989,255 | 3,164,494 | 5,153,749 | 5,175,500 | |
| Fixed assets | 260 | ||||
| Current assets | 221,410 | 35,133 | 256,543 | 252,035 | |
| Current liabilities |
(35,725) | (35,725) | (5,672) | ||
| Total net assets as at 31December 2020 | 2,174,940 | 3,199,627 | 5,374,567 | 5,422,123 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Note | ||||
| Investments at market value |
5,153,749 | 5,175,500 | ||
| Tangible fixed assets | 260 | |||
| 5,153,749 | 5,175,760 | |||
| CURRENT ASSETS | ||||
| Debtors | 49,222 | |||
| Cash ai Bank | 131,119 | 154,618 | ||
| Cash held by Investment | Managers | 125,424 | 48,195 | |
| 256,543 | 252,035 | |||
| LESS:CURRENT LIABILITIES | ||||
| Creditors | (35,725) | (5,672) | ||
| NET CURRENT ASSETS | 220,818 | 246,363 | ||
| TOTAL NET ASSETS | 5,374,567 | 5,422,123 | ||
| FUNDS | ||||
| Expendable Fund |
2,174,940 | 2,135,159 | ||
| Endowment Fund |
3,199,627 | 3,286,964 | ||
| 5,374,567 | 5,422,123 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| 2. | INVESTMENTS | E | f | |
| Portfolio at Market Value | ||||
| -Expendable fund |
1,989,255 | 1,912,392 | ||
| - Endowment fund |
3,164,494 | 3,263,108 | ||
| 5,153,749 | 5,175,500 | |||
| Loan items | ||||
| 3. | FIXEDASSETS | |||
| Cost | ||||
| At 1 January 2020 | 19,665 | |||
| Additions in year |
||||
| At 31 December | 2020 | 19,665 | ||
| ~De reciation | ||||
| At 1 January 2020 | 19,405 | |||
| Charge for the year | 260 | |||
| At 31 December | 2020 | 19,665 | ||
| Net Book Value | ||||
| At 31 December | 2020 | |||
| At 31 December | 2020 | 260 | ||
| 2020 | 2019 | |||
| 4. | DEBTORS | F | ||
| Loans | ||||
| Thoresby Sporting Trust |
40,500 | |||
| Bentinck Miners' | Welfare | 7,375 | ||
| Total loans | 47,875 | |||
| Other debtors | ||||
| Accrued income | —refund ofgrant paid | 1,347 | ||
| 49,222 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| 5. CASH AND BANK | ||||||
| Business Reserve account | 130,119 | 153,618 | ||||
| Current account | 1,000 | 1,000 | ||||
| 131,119 | 154,618 | |||||
| 6. CASH HELD BYINVESTMENT MANAGER | ||||||
| Income account | 16,677 | 19,856 | ||||
| Dealing account | 108,747 | 28,339 | ||||
| 125,424 | 48,195 | |||||
| 7. CREDITORS | ||||||
| Accountancy fees |
1,447 | 1,412 | ||||
| Investment management |
fees | 1,500 | 1,500 | |||
| Audit fees | 2,880 | 2,760 | ||||
| Balance due to CISWO | 29,898 | |||||
| 35,725 | 5,672 | |||||
| 2020 | 2019 | |||||
| 8. NET INVESTMENT | GAINS/ LOSSES | |||||
| Market value at 1 January | 2020 | 5,175,500 | 4,656,889 | |||
| Cost at 1 January 2020 | 4,340,216 | 4,257,695 | ||||
| Opening investment |
gain | 835,284 | 399,194 | |||
| Market value at 31 December 2020 | 5,153,749 | 5,175,500 | ||||
| Cost at 31 December | 2020 | 4,354,251 | 4,340,216 | |||
| Total investment gain |
799,498 | 835,284 | ||||
| Net unrealised gains |
/ (losses) during year | (35,786) | 436,090 | |||
| Add: Realised gains | in year | (237) | 22,613 | |||
| Net Investment (Losses) |
IGains in year | (36,023) | 458,703 |