MOSBOROUGH MINERS. WELFARE TRUST Registsred Charity No. 520483 STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023
MOSBOROUGH MINERS. WELFARE TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 INDEX CONTENTS PAGE Legal and Administrative Details Independent Examinels Report Slalement of Financial Activities Balance Sheet Notes to the Financial Slatements Section Accounts 8-11 Trustees, Report 12-15
MOSBOROUGH MINERS, WELFARE TRUST LEGAL AND ADMINISTRATIVE DETAILS AS AT 31 DECEMBER 2023 REGISTERED CHARITY NUMBER 520483 TRUSTEES H Craney D Sanderson A Hattersley K Kenny T Doncaster J Metcalfe P GaVe5 SECRETARY D Sanderson TREASURER T Doncaster SCHEME ADDRESS ststion Road Mosborough Sheffield S20 SAD INDEPENDENT EXAMINER J Wallage FCA CISWO Trading Ltd The Old Rectory Rectory Drive Whiston Rotherham S60 4JG
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MOSBOROUGH MINERS. WELFARE TRUST I report to the Trustees on my examination of the accounts of the above named charity (registered no. 520483) for the year ended 31 December 2023, set out on pages 3 to 7. Res onslbllities and basis of re ort As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of The Trustees, accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5){b) of the 2011 Act. Inde andent Examiners Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect- {1) accounting records were not kept in respect of the Charity as required by section 130 of the act.. or (2) the accounts do not accord with those records- or (3) the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give 'a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. J Wallage FCA On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rotherham S60 4JG Date
MOSBOROUGH MINERS. WELFARE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Unrest- ricted Funds Rest- ricted Funds Desi nated Funds Total 2023 Total 2022 Notes Incorne and Endowments Tote Snooker and pool 200 Club Rental income Room hire Pitch hire Mast rental Occupational licence Gift aid Income from electri¢ity buy-back Interest reIVed Donations received Sundry income Grant income Sections income 659 3,437 1,300 3,446 9,522 330 4,750 18.000 25.074 155 659 3,437 1,300 3.446 9,522 330 4,750 18.000 25,074 155 5,004 6,377 618 3,801 1,200 3,181 8,985 1,770 4,354 18.000 36.018 499 1,143 8,377 440 192,245 25,468 27,275 27,275 Total Income 78,054 27,275 105,329 297,722 enditure Direct charitable ex enditure Grants to social activities Sports ground maintenance Rates and water rates Insurance Repairs Donations Sections expenses 3.375 12,558 5,008 3.554 17.238 1,000 3.375 12,558 5,008 3,554 17,238 1.000 34,064 2,955 15,981 4,038 2,306 7,111 34,064 24.493 42,733 34,064 76,797 56.884 Mana ement and Administration Accountancy Bank charges Sundry expenses Depreciation 786 337 900 13,078 786 337 900 25,112 879 245 1.094 13,632 12,034 Total Expenditure 57.834 12,034 34,064 103,932 72.734 NET MOVEMENT IN FUNDS 20.220 112,0341 16.789) 1.397 224.988 Unrealised Investment (losses) for the year Realised Investment (losses) for the year Fund balances brought forward Fund balances carried forNard (12,288) (4.1421 (4.142) 819,801 192,245 21.597 1,033.643 820.943 835,879 180,211 14,808 1,030,898 1,033,643
MOSBOROUGH MINERS, WELFARE TRUST BALANCE SHEET AS AT 31 DECEMBER 2022 NOTE 2023 2022 FIXED ASSETS Tangible fixed assets Investments 636,000 89 599,724 106,487 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand Balances held by sections 47,685 336,701 14,808 125,917 189,118 21,597 399,194 336,632 LESS: CURRENT LIABILITIES Creditors falling due wthin one year 14,385) 19,2001 NET CURRENT ASSETS 394,809 327,432 TOTAL NET ASSETS 1.030.898 1.033,e43 FUNDS Unrestncted funds Restricted funds Designated funds - Sections 835.879 180,211 14,808 819.801 192.245 21,597 1,030.898 1,033,643 The accounts were approved by the trusteès and signed on their behalf by.. Signed Trustee Print Name - Trustee Date . X4gS
MOSBOROUGH MINERS. WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 1. ACCOUNTING POLICIES (al Basis of preparation and assessment of going concern The financial statements have been prepared under the historical cost convention unless olherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities (FRS 102) and the Charities Act 2011. The trustees consider that there are no matertal uncertainties about the Trust's ability to continue as a going concern. The trustees have a reasonable expectation Ihat the Tiust has adequale reserves to Continue in operational existence for the foreseeable future. Accordingly the trustees continue to adopt the going concern basis in Ihe preparation of ils accounts. (b} Income Recognition Income is recognised once the Charity has entitlement to the income, il is probable that the income will be received and the amount of income receivable can be measured reliably. Donations are recognised when they are received. (c) Expenditure Recognition Liabililies are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that settlem8nt will be required and the amount of the obligation can be measured reliably. All expendilure is accounted for on an accruals basis. Grants are e0gnised when they a approved and the intention has been communicated to the recipient. (dl Depreclation Depreciation is provided on fixed assets and freehold property in order lo write off the cost of the assets over their expected economic lives. The annual rates of depreciation applied are.. Fixtures and equipment 250fi reducing balance basis Sports fixtures and equipment 10°A reducing balance basis Freehold property 20h straight line basis Other property 20A reducing balance basis Changing rooms refurbishment 154A straight line basis New pavillion 5% straight line basis
MOSBOROUGH MINERS, WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 New Club & S orts Flxtures & Ground 2. FIXED ASSETS ment Total Cost At 1 January 2023 Additions 869.272 61,388 77.434 11.613 958,319 61,388 At 31 December 2023 930,660 77,434 11,613 1,019.707 De reciation At 1 January 2023 Charge for the year 277,358 23.836 74.133 825 7,104 451 358,595 25,112 At 310ecember 2023 301,194 74,958 7,555 383,707 Net Book Value Al 31 December 2023 629,486 2.476 4,058 636.000 At 31 December 2022 591.914 3.301 4,509 599,724 Work on a new pavilion is now comp16te and is being depreciated at 5% on a straight line basis. 2023 2022 3. INVESTMENTS Cofunds OEIC (ln Trust) 89 106,487 The investments porfolio has now been sold resulting in realised losses of £4.142. 4. DEBTORS Balance due from Mosborough Miners, Welfare Social Club Ltd Other debtors and prepayments 46,269 1,416 125,472 445 47,685 125,917 5. CASH AT BANK AND IN HAND Current account United Trust Bank 1 year bond Hampshire Tnjst Bank 1 year bond Cambridge & Counties Bank 1 year bond 89,798 74,022 85,576 87.305 147.218 41,900 336.701 189.118
MOSBOROUGH MINERS, WELFARE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 310ECEMBER 2023 2023 2022 6. CREDITORS: Amounts fallin due withln one ear Accruals and deferred income Money held on behalf of turf club 4,385 2,823 6,377 4,385 9.200 Brou Fonvard Pa Carried ments forward 7. SECTIONS Turf Club Football Club Bowls Club Angling Club 6,378 5,486 8.997 736 4.381 14,781 2.889 5.224 (9,142) {13,3351 (5,939) (5,648) 34,064 1,617 6,932 5,947 312 21.597 27.275 14,808
MOSBOROUGH MINERS, WELFARE TRUST YEAR ENDED 31 DECEMBER 2023 TURF CLUB 2023 2022 INCOME Raffles Spot Ihe ball Members contributions Race day Brought foTriard income 412 1,745 1,755 330 3,430 469 4.381 3,760 EXPENDITURE Tickets Meals Coach Bank charges 1,692 1.072 2.335 1.398 825 42 (2.764) {4,600) SURPLUS I (DEFICIT) FOR THE YEAR 1,617 {840) Cash at bank and in hand brought forward 6,378 7,218 Previous funds donated to MMWT (6,378) Cash at bank and in hand carried forward 1,617 6.378
MOSBOROUGH MINERS. WELFARE TRUST YEAR ENDED 31 DECEMBER 2023 MOSBOROUGH FOOTBALL CLUB 2023 2022 INCOME Sponsorships Match day subs Players signing on fees Players contribution lo fines Training subs Spot the ball li¢kets Tracksuits I polo shirts I bags Adjustment lo opening balance 1,895 5.925 2,140 240 3,915 510 620 {4641 1,650 5,620 2,015 290 3,570 440 490 417 14,781 14.492 EXPENDITURE League fees Insurance Referees Laundry Medical equipment Training Fines New kits Tracksuits I polo shirts I bags Balls I trophies I new equipment Pitch fees Club membership 585 690 3.140 1,410 415 3.190 205 710 445 1,400 810 335 605 755 2,916 1,480 410 3,410 235 650 372 1,540 780 310 (13.335) (13,463) SURPLUS FOR THE YEAR 1,029 Cash at bank and in hand brought fotward 5,486 4.457 Cash at bank and in hand carried forward 6.932 5,486
MOSBOROUGH MINERS, WELFARE TRUST YEAR ENDED 31 DECEMBER 2023 MOSBOROUGH COMMUNITY BOWLS CLUB 2023 2022 INCOME Donations Sponsorship boards FeeslPrize money Rafflelsponsored items Subscriptions Tealcoffee Bonus ball (correction) 549 250 245 160 975 710 85 250 245 155 1.050 1iJO (147) 2,889 1,738 EXPENDITURE Sponsorship boardslFlowers Equipmenvlmprovements Affiliation feeslFines Turn - raffle- gifts Postage and stationery Engraving R8freshmentslBank charges 4.595 1,068 122 17 202 693 72 64 67 182 137 15,939) 11,280) IDEPICIT) I SURPLUS FOR THE YEAR {3,0501 458 Cash at bank and in hand brought fOard 8,997 8,539 Cash at bank and in hand carrled forward 5.947 8.997 10
MOSBOROUGH MINERS, WELFARE TRUST YEAR ENDED 31 DECEMBER 2023 ANGLING CLUB 2023 2022 INCOME Members subscriptions and raffle 5,224 5,478 5,224 5,478 EXPENDITURE Match fees and weekend away costs (5,648) {5,150) (5,648) {5,150} SURPLUS I IDEFICITI FOR THE YEAR 14241 328 Cash at bank and in hand brought forward 736 408 Cash at bank and in hand carrled forward 312 736
MOSBOROUGH MINERS, WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their report along with the financial statements of the charity for the year ended 31 December 2023. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts which can be found on page 5 and comply with the charity's trust deed, applicable law and the Charities SORP FRS 102. Constitution, Objectives and Activitles for the Public Benefit The charity is constituted by Scheme dated 17 October 2006 and was registered with the Charity Commission on 19 May 1965 under the number 520483. Its objectives are to provide and maintain a welfare institute with facilities for recreation and leisure time activities for the benefit of the people of Mosborough and the surrounding area, particularly those who are members of the mining community. The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewing the charity's aims and objectives and details of the activities that have taken place during the year can be found later in this report. Organisatlonal Structure The trustees who have served the charity during the year are shown on page 1. The charity's trustees are responsible for maintaining the premises and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises some funds through various charitable activities but a substantial amount of its income comes from its connected trading company, Mosborough Miners, Welfare Social Club Limited, which pays an annual occupational licence fee to the charity in order to run its business from the charity's premises. In addition to this, the company also transfers any taxable profits it makes to the charity under a Gift Aid agreement, so the trustees work closely with the company directors and committee to try and ensure that the company is profitable, thus ensuring extra income for the charity. Trustee vacancies are advertised and interested parties are asked to apply in writing. Interviews will be held and suitable candidates are then notified to their nominating body being either CISWO, trade union or members. The trustee board is made up of equal numbers of each nominating body. Flnancial Review The charity had net incoming resources of £20,220 for the year from the day-to-day running of the trust as compared to £31,768 net incoming in the previous year. The various sections at the charity showed a combined deficit of £6,789. This was largely due to the turf club donating it's previous reserves of £6,377 to the welfare. Review of Activities Mosborough Miners Welfare Social Club is situated on Ststion Road Mosborough which is virtually in the centre of what is now a very large village. Within the grounds of the Club are the club premises, a large car park, a Football Pitch, a Rugby pitch and a Crown green bowling green. The Rugby section has 2 senior teams and several junior sides with most Saturday mornings taken up with training of juniors. continued. 12
MOSBOROUGH MINERS, WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED The Football section now have a ladies team to add to the Over 35's gents team, 1 open age team on Saturday and 1 on Sunday plus an under 18 side on Saturday and 9 junior teams. The Bowling section now has 18 teams playing throughout the week in Leagues from Sheffield, Chesterfield and Maltby. There are also 2 teams who play in the autumn floodlight competition in North Derbyshire. The angling section continues to flourish and the Turf Club attend about 4 race meetings throughout the year. There is a Sewing Club who regularly meet on Wednesday Evenings and the Redtooth Poker have their sessions on Mondays, Tuesdays and Wednesday. There are 2 Pool teams who play on alternate Tuesdays Home and Away. The Covid epidemic 213 years ago had a big impact on functions within the club. Most survived but the darts team never re-surfaced and the Monday evening dance and bingo night also fell by the wayside. On the positive side on Thursday evening there is an open mic night which is very well attended and has gone from strength to strength. Singers actually come from some distances to perform. Friday evening is family night in the Club and there are a number of games of bingo together with Raffles on the night and a Friday Tote. Saturday evening there is a turn provided for the entertainment of members although post covid saw the demise of bingo on that night. Sunday Lunch is well attended due to the popularity of the Bingo session which lasts from 1 pm to 4pm and includes several jackpot opportunities and for the hardy there is then a session of 'Chinese bingo, which involves decks of cards. On Sunday evening there is turn for entertainment plus Bingo, Tote and Open the Box. The Welfare still subsidise 3 Annual events starting with the Easter Bonnet parade On Easter Monday. In the summer there is the annual children's outing to the seaside and at Christmas there is the senior members Christmas treat for 120 of our members who are provided with 3 free drinks, a buffet, a raffle and entertainment. There are a variety of activities as can be seen from the above report and it is because of this that our membership Continues to increase. A lot of the above activities are only possible because of the work of the Committee members who are not getting any younger and in the not too distant future will need replacing. Vvhere the new committee members come trom is yet to be addressed. The Club has taken on board a number of capital expenditure undertakings in the last few years. All the interior of the club has been re-furbished as it was nearly 25years since development in 1998. The Bowling section were successfijl in obtaining a grant of £198,000.00 frorn Sport England for the building of a new club house which became an extension to the Club itself. This also included a new female changing area, with showers, to accommodate the lady football teams. The Club had to assist in the finances for this project with an injection of some £20,000.00 but the value of the project has increased the value of the overall club buildings. More recently the cellar of the club has been extended substantially in order to make the job of the bar staff simpler and, most importantly, safer. continued...... 13
MOSBOROUGH MINERS, WELFARE TRUST REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED There have also been improvements to the football and rugby areas involving increased hard surfaces for extra parking and the football have at last got their new dugouts so that the aging management staff can sit down. The club is still used as a regular polling station for the village at election time. This is due to our central location excellent car parking facilities and disabled access. Since I last did an annual report we have taken on board a new bar managerlstewardess. This is Angela Buck who has worked at the club for many years. The trustees would like to thank her and her staff for the excellent work that they do. The Trustees would also like to thank the Directors, Committee members and heads of sections who unselfishly give up their time to ensure that the members enjoy what is provided and that the Welfare runs smoothly. Investment Pollcy The trustees have placed liquid assets into interest bearing fixed term bond accounts with Hampshire Trust Bank and also with Cambridge & Counties Bank to earn interest at market leading rates without putting any capital at risk. Rèserves Policy It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity, at level to provide sufficient funds to cover anticipated administration and support costs for a period of e1ve months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Of paramount importance the trustees are determined that they will manage the charity in a professional manner which will safeguard the assets of the charity in order to secure recreational facilities for future generations. Risk Management The trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any impact they may have on the charity- The major risks facing the charity are the continued success of the social club from which it derives its main funding, the support of individuals and the community in using the facilities and the introduction of the younger generation to provide for the future. The trustees work closely with directors, committee and members to address these risks. continued....... 14
Statement of Trustees, Responsibilities Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period. In preparing those financial ststements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP: make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial posibon of the charity and enable them to ensure them that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities. Signed - Trustee Print Name- Trustee Date 15