Registered number: 03826722 Charity number: 1077660 THE PLEASLEY PIT TRUST la company limited by guaranteel UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 mnmlllll •KE24X(Q' 1Y10W23 COMPANIES HOUS A21
THE PLEASLEY PIT TRUST (a Company limited by guaranteel CONTENTS Page Reference and adminislralive details of the company. its trnstees and advisers Chairnian's slatement Trnstees. report Independent examinerfs report Slatement of financial activities Balance S¢1 Notss to th¢ financial statem•nts 10-19
THE PLEASLEY PIT TRUST (a ¢ompany limited by guarantee) REFERENCE AND ADMINISTRATIVE DAlLs OF THE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 5 APRIL 2023 TNstees E P Chambers Iresoned 1 August 20221 L M Willies S J Lewers, Chair R C Metcalfe Iresigned 1 August 2022) T D Kirkham, Treasurer D M Gamble W H Edson N 8uckle T Hursthouse Company regiSt¢r¢d number 03826722 Charity registered number 1077660 Registered office Clo The Croft Old School Lane Pleasley Mansfdd Nottinghamshire NG19 7PW Company s¢cretary T D rkhaM Accountant Jonathan Wilson Chartered Accountant Cromwell House 68 West Gate MansfEld Notb"nghamshire NG18 1RR B•nkers HSBC Bank PLC 1 Leemin9 Street mansIld Nottinghamshire NG18 1LU Page 1
THE PLEASLEY PIT TRUST la company limited by guarantee) CHAIRMAN'S STATEMENT FOR THE YEAR ENDED S APRIL 2023 The chaimian presents his ststement for year. Dear Mefflbers and Supporters. It is with great pleasure that I present the Annual Rert for Pleasley Pit TnJsl for the year 2022123. This has been a challenging yet successful year, marked by nifant growth and achEvement in our efforts to protect, preserve and promote knowjedge of our coal mining henlage. l extend my hearttelt gratitude lo our dedicated volunteers. staff. and the entr" ecrfnmunty thw"r unwavering support throughout these endeavours. The Trustees would like to extend tsir thank5 to Peter Chambers hi5 massive ¢ontribution. dedication. supwt and expertise for many years. Visitor Numbers and Recovery Efft+rts The year began wth a sk)w start as we na¥ated the ¢YOIng impact ol the COVID-19 pandemic. However. thanks to the PerSeVerar and k)yalty of our visitors. we began to see a steady return of foottall. I would like lo express my sincere appreciation to The Land TrusL our landkjrds. for their attentive response lo the concerns raised by Ple8sley Prt Trust and our visitor5 regarding ihe temFiJrary car parking charging scheme. Although the scheme lasted for 12 weeks dunng the peak summer penod and resulted in a massive decline in visitor numbers. the decision to rwnstate free car parking saw visilors retum in droves. In September, our open day attracted over 1,500 attendees. a testsment to the resilience and byally of our community. Growth and Achlevements Since then, we have expenenced consistent gr(r n visrtor numbers month on ffM)nth. In fact, we now have a visitor centre manager as part of our growng number of employee5. further enhancing the visitor expenence and supporting our ongoing success. The cafè. taking a blended approach lo staffing with both paid staff and volunteers. has expanded both its menu and opening bmes and now operates six days a week serving breakfasls and lunches. A5 a re5UtI. our regular weekty number5 have increased lo over 700 visitors. Our social media presence has been enhanced by our Facebwk page which has over 1.200 follows with numbers increasing each month. Communlty Engagement and Support Throughoul the year. we celebrated several SKJnfficant milestones and events that strengthened our ties with the community. Our first Halloween event attracted over 30 families who had never visited before, providing a delightful introducts.on to our unique museum. We also hosted our maugural Breakfast with Santa even( whi¢h brought joy lo many families during the fesbve season. We are immensely grateful for the conts"nuous SUpp)rt from the Frd5 of Pleasley Pil, vtho organised the much anticipated beer festNal along With the miners Big Lamp meetin9, and their engine running days. The Pleasley Prt Nature Study Group contributed immensely by organising a wikllrfe day in May. orchid walks in the summer, and a fungi fofay in October. Their dedOn to reporting vital data on the diverse species found on our sile and the connecting Counlry Park and Nature Reserve is invaluable lo supporting our consetvation efforts. Acknowledgements and Expansion We extend our thanks to Heather Oates for her generous dOnatn from the October Dog Show. which provided a fun-fIl day for many of our dog loving visitors. We a pkased to welcome Tfvr Tumer as our [1 in res¥Jence. Tyler Ined us in the New Year and will spend time with former miners and their extended families, capturing thwr 5torie5 and memones in poetic fom. This initiative aims to preseNe and honour the rich henlage of our mining community, ensuring that future generations can appwiale the resilien and ¢ontn"bub"ons of those who came before u5. Page 2
THE PLEASLEY PIT TRUST (a company limited by guarantee) CHAIRMAN'S STATEMENT {CONTINUED) FOR THE YEAR ENDED S APRIL 2023 Our unKiue well-preserved museum continue5 to excite. chafm and dr1 visitors. new and old. from across the UK and further arId. We have ISted many varied groups ranging from U3A, scouts, walking groups and histor¢cal societ. We have also brought the museum artifacls to life for many school children durin9 the year with visits from around 300 children most of whom knew very litue abwl their mining heritage. We offer a special thank you to our volunteers without whom none of this would exist and who are estimated lo have collectively contributed over 9.000 hours this year alone. If we were lo cakulate the cost of these volunteer hours the value V•Y)uld be sign1ran( hKJhlighting their exceptional dedication and cost-saving impact on the Trust. FU1• Plans Looking ahead. we are excited to enter our 150th annNersary year plans to celebrate thrs historic milestone. We aim lo engage the ccmnmunty and create Memorab experierKes that celebrate our coal mining heritage. As trustees. we renee the importance of expanding our skills arbd experb"se. In the ¢oming year, we will actively recruit new members to our trustee t#)ard. seeking indNtduals who can bring fresh perspectives and valuable insights to our Organisatn. We belteve that a diverse and knowledgeable board will greatly contn'bule lo our fLbture Success and effective govemance. Conclusion In conclusiorb, the year 2022123 has teen a year of challenges. growth. and comrnunty engagement for Pleasley Pit Trust. Desprte the obstscles we fa¢ed. have made SKJnrfant progress in protecting and promoting our coal mining heritsge. l am immensety Proud of our volunteers. stsff. and the entire community for their continued support and dedICatn to our cause. On behalf of Pleasley Pit Trust. l extend my deepest gratitude to everyone invofved in ¢r s$5. Together, we will ensure that the stories and artsfacts of our coal mining history remain cherished and celebrated for generations to ¢crfne. sincety. Chairman- S J Leivers 11-oq-25 Page 3
THE PLEASLEY PIT TRUST (o company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2023 The trustees present their annual report together wtth the ffftancial statements of the company for the year from 6 April 2022 to 5 April 2023. The annual report serves the purposes of both a trustees, report and a directors. report under company law. The truslees confinn that the annual report and financial ststements of the charitable ompany comply with the Current statutory requirements. the requirements of the charitsble companls goveming document and the PfOViSiOnS of tt)e Statement of Recommended Practice {SORPI applicable lo charities preparing their accounls in accordance the Financial Rewrb"ng Standard applicable in the UK and Republic of Ireland IFRS1021 {effective 1 January 2015) as amended by Update Bulletin 2 (effective January 20191. &"nce the company qualifS as small under sectson 382 of the Companie5 kt 2006, the strategic report required of medium and large companw under the Companie5 AGt 2006 (StrategK Report and Director5, Report) Regulations 2013 has been omrtted. Objectives and activitie8 . Poli¢ios and obj¢¢tives The principal objectNe of the company is detailed behyw. In setting obiectsves and planning for actmlies. the trustees have given due conshderation to general guidance published by the Charity Commission relab.ng to Publ benefrt. including the gurfjance 'Public benefit.. running a chanty IPB21' b. Main xtivities undertaken to furthor the COMny'S wrposes for the public benefrt The main aclNity undertaken to further the charitys purp)ses for public nefft is a cafe, which is nJn by volunteers. for the use of the Publ visiting the coal mining complex. c. Voluntee The company ES grateful for the unstinting efforts of ts volunteers are involved in service sKovision. charity shops and fiJndrai5ing. The company has a volunteer toordinator to eft$u that best value is derived from the sterling efforts of our volunteers. A¢hievements and perfornian¢o a. Review of activities The trustees Consider that the tw[anCe ofthe CLpanY has been satr"sfa¢tr)ry. Al the end of the last financkgl year our b)ng stsnding company secretary and founder member of Pleasley Pit Trust Peter Chamber5 retired. We thank Pete for his dedicalton to the pit over the years whsch has not only delivered restoration of the site and engines bul also the deveknpment of the visitor cenlre. This last year has seen the first complete 12 months of operatK)n Sin before the pandemic and also since the visitor cenler has been built. The size of the cafe wiihin the pit srte has now significantly expanded along with Ihe kitchen space. We offer an indc4)r eating area aknngsmje a sheltered area operating as a cafe for dog walkers. We have increased Ihe opening time of the Cafe lo 6 days a week. As a Ul1 of these changes on site we have empw more members of stsff and significanty increased our turnover. To support this work and to enable the trust to develop future business plans we employed a vistlor Page 4
THE PLEASLEY PIT TRUST la company limited by guarantse) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED S APRIL 2023 A¢hievements and performance (conlinu•dl centre manager in this year. The manaJer has helped set up the management of the Cafe and has begun the introduction of additional actiwties on stte to attfact more visitors. Within the pit the volunteers have reiumed to public open days and the engine runs once a month. We held our yearfy open day in September and as we go into 2023 me events are bw.ng planned to celebrate the piY5 150 years. Financialty our landk)rd Intr&Jud parking charges on site over the summer lasl year. It sUlted in a significant drop in revenue. This on lop of the new staff costs and inflation has to a loss for this financial year. We are oplimislic about the next pericrfl as numbers at the pit continue to grow and the parking charges have now been removed. Financlal revlew a. Going concem After making appropriate enquiries. the trustees have a reasonable expectation that the company has adequate resources to conbnue in operational existence for the foreseeable ftjlure. For this reason, Ihey continue lo adopt the going concem basis in preparing the financial statements. Further detsi15 regarding the adoption of the going concem basis can be found in the acc(yJnting poliw. b. Reserves policy The board of directors have examined chariVs requirements for reserves in the light of the main risks lo the organisation. The reserves are needed to meet the working cawtsl requirements of the charity in the event of a sigfiificant drop in funding or when some of the irthne generating actrvittes may be curtailed due lo circumstsnces outside their control. StnKturg1 governance and management a. Constitution The Pleasley Prt Tfust ts registered as a eharilable company limbted by guarantee and was set up by a Memorandum of ASSt)n on 4 August 1999. The company ts constituted undef a memorandum of aslatiOn dated 4 August 1999. and is a registered charity number 1077660. The prinopal object of the company is Io FKomote. weserve. matain. paIr. restore and reconstruct for the benefit and education of the publ the coal mining complex. including all buiklings. structures, engines, and equipment and land now or in the future used in COnnecn with the same Pil Lane. Pleasley. Derbyshire (the museum). b. Methods of appolnlment or eleclion of trustees The management of the company is the responsbihty of the trustees who a ewed and ¢OwOPted under the teAms of the Memorandum of Assock2bon. Page 5
THE PLEASLEY PIT TRUST (a company limited by guarantee) TRUSTEES. REPORT {CONTINUEDI FOR THE YEAR ENDED 5 APRIL 2023 Structure. governance and management (continued) ¢. Organisalional slruclure and decision-making policies The company in general meeb'ng 11 de¢Kle the maximum and minimum number of Irustees. tArt until so fixed there will be no maximum number and the minimum number is 3. The management of the company is the responsibility of the trustees. Plans for future period5 See chairman's statement. Approved order of the of and signed on their behaw ty.. trustees on S.5 S J Leivers (Chair of Trustees) T D Kirkham reasurer) Page 6
THE PLEASLEY TRUST la company limited by guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 5 APRIL 2023 Independenl •xaminerfs report to the trustees of Tho Pleasl¢y Pit Tntst {Ihe Compan I report to the chanty trustees on my examinatr.on of the accounts of the company for the year ended 5 April 2023. Re8ponslbllltles and ba$* of report As the trustees of the company (and ils directors for the purposes of company lawl you are respjnsible for the preparation of the xcounts in accordance with the requirements of the Compan5 Act 20C6 {'the 2CN)6 Act'i. Having satssfied Mlf that the accounts of the ¢7panY are rh)t required to be audited under Part 16 of the 2006 Act and are digibie independent examinabon. I report in respect of my examination of the company's accounts carried out undef sectKin 145 of the Chanties Acl 2011 llhe 2011 ACV). In carrying out my examination I have followed Directions given by the Charity Commission under section 14515)Ibl of the 2011 Act. Independent examinerfs statement I have completed my examinatron. I confim that Th) matters have to my attention K) connection wilh the examinab'on gwing me cause to believe". accountin9 records were not kept in respect of the company as required by sectr)n 386 of the 2006 Act. or the accounts do not accord V•ryth those records.. ¢Y the accounts do not comply with the accounkn'ng requirements of seth"¢)n 396 of the 2006 Act other than any requirement that the accounts gwe a 'true and fa view which is rM)t a matter ¢¢sK1ered as part of an independent examination" or the accounts have not been prewed in accordance with the methods and principles of the Statement of Recommended PractKe for accounting and reporb.ng by charities [appIable to charities preparing their accounts in accordance with the Financial Retw)rting Standard applicable in the UK and Republic of Ireland IFRS 102)]. I have no concerns and have come across no other matters in CneCtiOn vrith the examinatron to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This reFQrt is made solely to the compan5 trustees, as a be4ty, in accordan¢e wrih Part 4 of the Charities (Accounts and Reports) RegulatnS 21)08. My work has been undertaken so that I might State to the companls trustees those matters l arn required to stste to them in an irtdependent examine¢s reFrfJrt and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibilrty to anyone other than the company and the companys trustees as a bJ(ty. for my work or for this reporL Signed= Jonathan Wilson Dated. ILIIDILDL Chartered Accountant Page 7
THE PLEASLEY PIT TRUST la company lirnited by guaranteel STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED S APRIL 2023 Unrestr•cted funds 2023 Total funds 2023 Total funds 2022 In¢om¢ from: Donations and legaae$ Charitable acbvitie5 8,784 54,099 87.490 87.490 Total income 88.386 88.386 62,883 Expgnditure on: Charitable ath"vitEs 126.464 126.464 54.264,- Total expgnditure 126.464 126.464 54,264 Nel movement In fvnds {38.078) 138.078) 8,619 Reconciliation of funds: Total fvnds brought foThvard Net movement in funds 213.096 138.078) 213.096 138.0781 204,477 8,619 Total funds carried forwa 17S.018 175.018 213.096 The Statement of financial activits indudes all gains and losses reccwjnised in the year. The notes on pages 10 to 19 form part ofthese financial statements. Page 8
THE PLEASLEY PIT TRUST la ¢ompany limited by guafanlee REGISTERED NUMBER: 03826722 BALANCE SHEET AS AT S APRIL 2023 2023 2022 Fixed assets Tangible assets Current assets 56.275 Stocks Debtors Cash at bank and in hand 10 11 1.400 1,250 1,746 159,940 132.101 135,757 162,936 CredÉtor5'. amounts falling due thin one year 12 (11,407 {6,115) Net current assets 124J50 156.821 Total net assets 175,018 213,096 Charity funds Restricted funds Unrestricted funds 13 13 17S,018 213,096 Total funds 175,018 213,096 The company was entitled to exemption from audit under section 477 ofthe Companies Act 2006. The members have not required the company to obtain an audrt for the year in quests.on in accordance with section 476 of Companies Act 20C6. The trustees acknedge their re$F*)nbIlrtieS for comptying wth the requirements of the Act wrth respect to a¢countsng records and preparation of financial slatements. The financial statements have been wepared in )rdan provisions a)lICab to entities subject to the small companies regime. The financial statements were approved and authorised for issue by the trustees on and signed on their behalf by.. S J Leivers {Chair of Trustees) T D Kirkham (Treasurer) The notes on pages 10 to 19 form part of these financial statements. Page 9
ThE PLEASLEY PIT TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Accounting pollcies 1.1 Basis of preparation of financial statements The financial statemenls have been prepared in aCcrdan with the Charities SORP IFRS 1021- Accounting and ReF¥)rting by Charities.. Ststement of Recommended Practy"ce applicable lo charities preparing their accounts in aCCordare with the Financial ReF>tIng Standard applicable in the UK and Republ of Ireland {FRS 102) {effective 1 January 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) arKI the Companies Act 2006. The pleaeY Pit Trust meets the definIt)n of a publ benefft enbty under FRS 102. Assets and liabilities are initialty recognised al historical cost or transaclKJn value unths otherwise slated in the relevant accounting poly. 1.2 Going concern At the date of sh3ning there is a degree of uncertainty about the economic impact of COVID-19. The directors continue to monf(or the )th.0n closety however they beIve that the company can conts'nue at its current level of aGtivity and they therefore continue to adopt the going concem basis. 1.3 Income All incorne is recc43nised once the ¢ompany has entitlement to the in¢ome. rt is Probab that the income will be received and the amount of income re1vab can be measured reliabty. Grants are included in the statement of financial actNities on a r1Vable basis. The balance of income receNed for sPery purFX)ses but not expended during the period is shown in the relevant nds on the balance sheet Vlhere income is received in advance of entiuement of receipt. its recogn"On Is deferred and in¢luded in credrtors as deferred in¢orne. Wherg enb"tlement occurs before Income is received. the income is accrued. Where the donated g¢yJl is a fixed asset. rt is measured at fair value. unless it is impractical to measure this reliabty, in whth case the cost of the item to the donor should be used. The gain is recognised as income from donatjons and a corresponding amtyjnt is included in the appropriate fixed asset ckss and depreciated over the useful economic life in accordance with the company's accountin9 poliues. On receipt. donated profes5K)nal Servi and .19 are recognised on the basis of the value of the gift to the company is the amount it woukl have been VllIng to pay lo obtain services or facilrts of equivalent e¢onomi¢ benefft on the open market a ColpondIng amount is then recognised in expenditure in the period of receipt Other income is recognised in the kwityj in which rt is receivable and to the exlent the gcths have been WOVKJed or on complebon of Ihe servi. Page 10
THE PLEASLEY PIT TRUST la company limiled by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 A¢¢ounting poli¢i¢s (¢ontinU) 1A Expend6ture Expenditure is recognLsed On there a kgal or ¢onstruth"ve obligatIn to transfer economic benefit lo a third party, rt E probatAe that a transfer of e¢onomi¢ benefits will be required in setdement and the amount of the obligatsn can be measured 1iabty. Expenditu is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support Costs involved in undertaking each actM"ty. Direct cnsts attributsble to a single aclivty are allocated dire¢Uy lo that activity. Shared costs which contn.bute to more than one aclivty and support costs which afe not attributable to a ngle acbvty are appO'0ned beN¥een Ihose athibes on a basis consistent with the use of resources. Central staff costs are allccated on the basis of ts'me spent. and depreciation charges allated on the portion of the asset's use. Expenditure on charitable .¥11 is incurred on directy urKlertaking the activ.eS which further the company's oty"eth"ve5. as 11 as any assocoted Sup[ costs. All expenditure is inclusive of irrecoverable VAT. 1.S Govemment grants Government grants relating to tangible fixed assets a treated as (lelerred income and released to the slalement of financial activitEs over the expected useful INes of the assets ¢on¢emed. Other grants are credrted to the Statement of financhql actrv1t as the felated expenditure is incurred. 1.6 Tangible fixed assets and deprnciation Tangible fixed assets costing £50 or mcre we captslised and recognised *then future economic benefrts are wobable and the cost or value of the asset can be measured reliabty. Tangible fixe(l assets a inrtialty re¢rJ3nwd at (xtst. After recognition, under the cost model, tangible fixed assets a measured at ¢ost less accumulated depreciation and any accumulated impaimient losses. Al ¢osls Incur to bring a tangib fixed asset into its intended working conditKtrn should be included in Ihe measurement of cost Depreciation is charged so as to allcote the cost of taTrJible fixed assets less their residual value over their estimated useful lives. . Depreciation is kyowded on the frAlowing bases.. Sew-contsined buildrys Plant and machinery Fixtures and fittings Office equipment - 10% Straht line basis 10% Strah1 line basis 10% straighl line basis 25% straight line l>asis 1.7 stocks Stocks are valued al the lower of cost and net all$ab value after making due allowance for obsolete and slow-moving stkS. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Page 11
THE PLEASLEY TRUST (a company limited by guaranleel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Accountlng pollcles (continu) 1.8 1)ebtors Trade and other debtors are recc3nised at the settlement amount after any trade discount offered. Prepayments are valued at the am¢)unt prepaid net of any trJe discounts due. 1.9 Cash at bank and in hand Cash at bank and hand indudes cash and short-tem highty liqupJ investmersts with a short maturity of three months or Jess from the dale of acquisit or opening of the deposrt or similar account. 1.10 Liabilitles and pwovlsions Liabilities are recognised when there is an c*>IaIN at the balan sheet date as a resujt of a past even( rt is probable that a transfer of economic benefft wll be required in settlement. and the amount of the settlement can be esbmated reliably. Liabilities are recognised at the amount that the company anticipates il will pay to setde the debt or the amount it has received as advanced payments for the goods or servi¢es rt must provide. ProvisTons are measured at the best estimate of the amounts required to setue the obligation. Where the effect of the time value of money is material. the prov¢sion is based on the present value of those amounts, discounted at the pre-tsx discount rate that refiects the risks specific to the liability. The unwinding of the discount is re¢ognLsed in the ststement of financ[ a¢b"vth"es as a finance cost. 1.11 Flnancial instruments The ¢ompany only has finanoal assets and finanaal liabilities of a kind that qualify as basic financial instnJmenls. Basic financial instruments are initialty reccfvjnised at transaction value and subsequent measured at their settlement value wih the eXCeptn of bank loans which are subsequent measured at arnOrted cosi using the effective interest melhcxj. 1.12 Oprnting leases Rentsls paid undef operabng leases a charged to the ststement of financial activrties on a straight- line basis over the lease temi. 1.13 Pensions The company operntes a defined ¢Onth"bulK pension scheme and penS)n charge represents the amounts payable by the ¢ompany to the fund in respect of the year. 1.14 Fund accountlng General funds are unrestritt funds are avaIL9b for use * the discretion of the trustees in furtherance of the general objecbves of the company and which have not been designated for other purposes. Page 12
THE PLEASLEY PIT TRUST la company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 GgDernl information The Ple2sley Pit Trust is a company limrted by guarantee. registered in England and Waks, registration number 03826722 and a ¢haritable company regtere(l wrth The Charity comrnissn. registration nurnber 1077e60. Income from donations and legacies Unrnstricted fvnds 2023 Totsl fund5 2023 Total funds 2022 Donations General donations Government grants Bolsover District Council JRS Scheme 8.000 779 896 896 8.784 Total 2022 8.784 8.784 Income from charftable activitles Unrestricled nds 2023 Total funds 2023 Total funds 2022 Cafe income Income from The Land Trust 83.176 4.050 83,176 4,050 50,679 3,000 420 Income from dog training Room hire Sales of prc#Jucts income 74 74 190 87.490 87,490 54.099 Totsl 2022 54.099 Page 13
THE PLEASLEY PIT TRUST la company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Analysis of exnditre by cost heading Activilies undertaken directly 2023 T¢)tal funds 2023 Total funds 2022 Charitable activit¢es 126,464 126,464 54,264 Total 2022 54,264 54.264 Analysis of di¢1 costs Total funds 2023 Total funds 2022 Staff costs Depreciation Telephone Repairs and renevrdls Printing, stalionery and advertising Sundry exwses Insurance 46,834 9.455 532 2,331 2,508 3,935 1,290 780 8,999 9.810 532 683 79 4,468 1,044 Training PPE ¢osts DonatnS Rent, rates and refuse collection Independent examination fees Cafe expenses Bank charges 78 2.010 14,556 2,640 36,831 2,762 10,833 1,482 14,817 1,439 126,464 54,264 Page 14
ThE PLEASLEY PIT TRUST (0 ¢ompony limited ty guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 Independent examinefs rnmuneratlon 2023 2022 Fees payable to the companls independent examiner for the independent examination of the companys nual a¢¢ounts Fees payabte lo the compan5 independent examiner in reSt ot. All olher seivices not included above 900 780 1,740 702 Staff costs 2023 2022 Wages and salaries Contribution to defined contributM)n pension schemes 46,258 576 8,999 46,834 8,999 The average number of persons emthed by the company during the year was a5 follow5.. 2023 No. 2022 Charitable tivilies No emrAoyee received remuneralion amounting to MO trn £60,000 in either year. Truslees. remuneration and expenses During the year. no trustees received any remuneration cff other benefrts12022 - £NILI. During the year ended 5 April 2023. IK) trustee expenses have been incurred12022 - £NIL). Page 15
THE PLEASLEY PIT TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023 Tangible fixed assets Freehold property Plant and Fixtures and Office machinery fittings •quipment Total Cost or valuation At 6 April 2022 AdditnS 67.578 4.067 750 11,588 2882 4.756 616 87.9B9 3.848 At 5 April 2023 67.578 4,817 14,070 5.372 91,837 Depreciatlon At 6 April 2022 Charge for the year 20,191 6,758 4,033 92 4.014 1,335 3,476 1,270 31,714 9,455 At 5 April 2023 4.125 5J49 4.746 41.169 Net book value At S April 2023 40,629 692 8,n1 626 $0,668 At 5 April 2022 47.387 7.574 1,280 56,275 10. Stocks 2023 2022 Raw materials and consumables 1,400 1,250 11. Debtors 2023 2022 Prepayrnents and accrued )me 2,256 1,746 Page 16
THE PLEASLEY prr TRUST (a company limited by guarantee) NOTES TO THE FINANCIAL STATENIENTS FOR THE YEAR ENDED S APRIL 2023 11 Creditors: amounts falllng due within one year 2023 2022 Other tsxalion arKI socol se¢unty Accruals and deferred income 750 10,657 108 6.007 11,407 6.115 13. Statement of funds Stalement of funds - current year Balance at 6 April 2022 Balance at 5 April 2023 Income Expenditure Unrestricted funds General Fund 213,096 88,386 (126,4641 175,018 ststement of fvnds- prlor year Balan at 6 April 2021 Balance at Income Expendilure 5 April 2022 Unrestricted funds General Fund 204.477 62.883 (54,2641 213,096 Page 17
THE PLEASLEY PIT TRUST (a company limiled by guarantee NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 14. Anatysis of net assets betwtsn funds Anatysis of net assets belween funds- Cufrnnt year Unrestricted funds 2023 Total fvnds 2023 Tangible fixed assets Current assets Creditors due within one year 50.668 135.757 111,407) 50,668 135.757 111,407} Total 175.018 175.018 Anatysis of net assets between funds- prior year UnStrICted funds 2022 Total funds 2022 Tangible fixed assets Current assets Credrtors due wthin one year 56,275 162.936 16.1151 56.275 162,936 16,115 Tolal 213.096 213,096 15. Pension ¢ommitsnents The company 0rateS a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independentty administered fund. The pension cost charge represents contributions payable by the company lo the lund and amounted to £576 12022 - £nil). There were no amounts ayable to the fund at the baknce sheet date (2022 - £nill. Page 18
THE PLEASLEY PIT TRUST la company limiled by guaAntee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2023 16. Operallng lease Commitments At 5 AFMII 2023 the company had ¢ommitrnents to make fuiure minimum lease payments under non- cancellable operabng teases as follows.. 2023 2022 Not later than 1 year Later than 1 year aj rM)t later than 5 years 3,600 7.200 3,600 10.800 10.800 14,400 There is an annual fixed amount of £3,600 payable and the balance is cak)Jlated as 10% of gross turnover. In 2023 the total amount payable was £12.349 {2022 - £9.732). 17. Related party transactions There are no reLated paty transacti(S to disclose. 18. Managers. liability insurance The company has paKJ £325 (2022 - £255} for insurance cover for rnana9ers' liability covering the directors. 19. Members. liability Each member of the charitsble company undertakes to corknbute to the assets of the Company in the event of it being wound up while helshe is a member. or within one year after helshe ceases to be a member. such amount as may be required. not exceeding £1 for the debts and liabilitS contracted befo helshe ceases to be a member.