| Contents | Pacae | |
| Legal and Administrative | Details | |
| Trustees' Report |
2-3 | |
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Reconciliation of Funds |
Statement | |
| Balance Sheet | ||
| Notes to the Accounts | 8-10 |
| NOTTINGHAINSHIRE | NOTTINGHAINSHIRE | ININERS WELFARE | TRUST FUND | TRUST FUND | TRUST FUND | ||
|---|---|---|---|---|---|---|---|
| LEGAL AND | ADMINISTRATIVE DETAILS |
||||||
| Charity | Registration | Number | 1001272 | ||||
| Trustees | Mr M F Ball | ||||||
| MrSC Hudson | |||||||
| Mr J EWood | |||||||
| Mr A Hadfield | |||||||
| Secretary | Ms P Charles | ||||||
| Coal Industry | Social Welfare Organisation | ||||||
| Welfare Offices | |||||||
| Berry Hill Lane | |||||||
| MANSFIELD | |||||||
| NG18 4JR | |||||||
| Bankers | National Westminster | Bank | |||||
| 9Church Street | |||||||
| MANSFIEI D | |||||||
| NG18 1AF | |||||||
| Solicitors | BRM Solicitors | ||||||
| Gray Court | |||||||
| 99Saltergate | |||||||
| CHESTERFIELD | |||||||
| S40 1LD | |||||||
| Independent | Examiner | JWallage FCA | |||||
| CISWO Trading | Ltd | ||||||
| The Old Rectory | |||||||
| Rectory Drive | |||||||
| Whiston | |||||||
| Rotherham | |||||||
| S604JG |
| ~Ex andante | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Fund | Fund | 2022 | 2021 | ||||
| Note | F | F | F | F. | |||
| Income and Endowments | |||||||
| Investment income - Dividends |
received | 60,113 | 88,523 | 148,636 | 157,889 | ||
| Interest received | 330 | 330 | 15 | ||||
| Total Income | 60,443 | 88,523 | 148,966 | 157,904 | |||
| ~Ex enditure | |||||||
| Grants to organisations | 7,764 | 7,764 | 12,950 | ||||
| Personal welfare and hardship | grants | 64,127 | 64,127 | 67,107 | |||
| Investment management |
fees | 12,607 | 12,607 | 14,82? | |||
| Accountancy fees |
1,522 | 1,522 | 1,485 | ||||
| Depreciation | 3,980 | 3,980 | |||||
| Total Expenditure | 90,000 | 90,000 | 96,369 | ||||
| Net Income / (Expenditure) |
before Investments | (29,557) | 88,523 | 58,966 | 61,535 | ||
| Investment gains / (losses) |
|||||||
| Unrealised (losses) / gains |
7 | (308,685) | (376,762) | (685,447) | 4,410 | ||
| Realised gains | ? | 21,017 | 46,185 | 67,202 | 139,892 | ||
| NET (EXPENDITURE) / | INCOME | (317,225) | (242,054) | (559,279) | 205,837 | ||
| Transfers between funds |
88,523 | (88,523) | |||||
| NET IIOVEMENT IN FUNDS |
~220,702 | ~330,577 | ~559,279 | 205,037 |
| ~En endable | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| Fund | Fund | 2022 | 2021 | |||
| f | f | |||||
| Balance at 1 January 2022 | 2,257,539 | 3,322,865 | 5,580,404 | 5,374,567 | ||
| Net movement | of resources | in year | (228,702) | (330,577) | (559,279) | 205,837 |
| Balance at 31December 2022 | 2,028,837 | 2,992,288 | 5,021,125 | 5,580,404 |
| Represented | by:- | ||||
|---|---|---|---|---|---|
| Investments | 1,705,336 | 2,839,103 | 4,544,439 | 5,276,644 | |
| Fixed assets | 7,960 | 7,960 | |||
| Current assets | 344,216 | 153,185 | 497,401 | 324,253 | |
| Current liabilities |
(28,675) | (28,675) | (20,493) | ||
| Total net assets as at 31December 2022 | 2,028,837 | 2,992,288 | 5,021,125 | 5,580,404 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | F | ||||
| Investments at market value |
4,544,439 | 5,276,644 | |||
| Tangible fixed assets | 7,960 | ||||
| 4,552,399 | 5,276,644 | ||||
| CURRENT ASSETS | |||||
| Cash at Bank | 4 | 142,422 | 155,265 | ||
| Cash held by Investment | Managers | 5 | 354,979 | 168,988 | |
| 497,401 | 324,253 | ||||
| LESS:CURRENT LIABILITIES | |||||
| Creditors | 6 | (28,675) | (20,493) | ||
| NET CURRENT ASSETS | 468,726 | 303,760 | |||
| TOTAL NET ASSETS | 5,021,125 | 5,580,404 | |||
| FUNDS | |||||
| Expendable Fund |
2,028,837 | 2,257,539 | |||
| Endowment Fund |
2,992,288 | 3,322,865 | |||
| 5,021,125 | 5580,4O4 |
| 2022 | 2021 | ||
|---|---|---|---|
| 2. | INVESTMENTS | E | |
| Portfolio at Market Value | |||
| - Expendable fund |
1,705,336 | 1,990,073 | |
| - Endowment fund |
2,839,103 | 3,286,571 | |
| 4,544,439 | 5,276,644 | ||
| Loan items | |||
| 3. | FIXEDASSETS | ||
| Cost | |||
| At 1 January 2022 | 19,665 | ||
| Additions in year |
11,940 | ||
| At 31 December 2022 | 31,605 | ||
| ~De reciation | |||
| At 1 January 2022 | 19,665 | ||
| Charge for the year | 3,980 | ||
| At 31 December 2022 | 23,645 | ||
| Net BookValue | |||
| At 31 December 2022 | 7,960 | ||
| At 31 December 2021 | |||
| 2022 | 2021 | ||
| 4. | CASH AND BANK | F | P |
| Business Reserve account | 141,422 | 154,265 | |
| Current account | 1,000 | 1,000 | |
| 142,422 | 155,265 | ||
| 5. | CASH HELD BYINVESTIIENT MANAGER | ||
| Income account | 18,151 | 16,882 | |
| Dealing account | 336,828 | 152,106 | |
| 354,979 | 168,988 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 6. | CREDITORS | |||||
| Accountancy fees |
1,522 | 1,485 | ||||
| Investment management fees |
3,121 | 3,200 | ||||
| Balance due to CISWO | 24,032 | 15,808 | ||||
| 28,675 | 20,493 | |||||
| 2022 | 2021 | |||||
| 7. | NET INVESTMENT GAINS/ | LOS ES | ||||
| Market value at 1 January 2022 | 5,276,644 | 5,153,749 | ||||
| Cost at 1 January 2022 | 4,472,736 | 4,354,251 | ||||
| Opening investment gain |
803,908 | 799,498 | ||||
| Market value at 31 December | 2022 | 4,544,439 | 5,276,644 | |||
| Cost at 31 December 2022 | 4,425,978 | 4,472,736 | ||||
| Total investment gain |
118,461 | 803,908 | ||||
| Net unrealised (losses) / gains |
during year | (685,447) | 4,410 | |||
| Add: Realised gains in year |
67,202 | 139,892 | ||||
| Net Investment (Losses) / Gains in year |
618,245 | 144,302 |