##
##
##
||||
|---|---|---|
|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|
##