io MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE INDEX TO THE FINANCIAL STATEMENTS PAGE Legal and Administrative Details Trustees, Report Independent Examine¢s Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8-10
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE LEGAL AND ADMINISTRATIVE DETAILS Manlon Colliery Athletic Club and Institute is registered with the Charity Commission (Registration number 522249) Address of Charity.. Retford Road Worksop Nollinghamshire S80 2PU Trustees.. Mrs T A Allen Mr J R Spence Mr J Peach MrA Guest Independent Examiner.. J Wallage FCA CISWO (Trading} Ltd The Old Rectory Rectory Drive Whislon Rotherham S60 4JG
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report along with the financial statements of the charity for the year ended 31 March 2024. The financial slatements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts which can be found on page 8 and comply with the charity's Irust deed, applicable law and Ihe Charities SORP FRS 102. Constitutlon, Objectives and Actlvltles for the Publlc Benefit The charity is constituted by a Scheme daled 29 June 2006 and was registered on 21 May 1963 under the number 522249. Its objedive is to provide an institute and recrèational facililies for the benefit of the inhabitants of Manlon, particularly (but not exclusively) those who are members of the mining community. The trustees have referred to the guidance given by the Charity Commission on public benefit when reviewng the charivs aims and objectives and details of the activities that have taken place during the year can be found later in this report. Organlsational Structure The trustees who havè seNed the charity during the year are shoym on page 1. The charity Is responsible for maintaining the premises and its contents and grounds In a suitable stste of repair for use by those live in the sumunding area. It raises Income through various charitablè activities, the main one being the hiring out of its facilitles lo the general public, but a substantial amount of its income comes from its connected trading company, Manton Colliery Sports & Social Club Limited, which pays an annual occupational licence fee lo the charity in order to run its business from the charitls premlses. In addition to this. the company also transfers any profits il makes to the charity under a Gfft Aid agreement so the trustees work closely with the company's directors to try and ensure the company is profitable, Ihus ensuring extra income for the charity. Trustee vacancies are advertised and interested parties are asked to apply In bwiling. Interviews wlll be held and suitable candidates are then notffied lo their nominating body being either CISWO, Trade Union or members. The trustee board is made up of equal numbers of each nominating body. Flnanclal Review The charity showed a defi¢il of £27,022 for the year from the day to day running of the institute. High depreciation charges have once again contributed lo this this deficit as the large scale grants from a number of years ago are SI0Y written down. Al first glance, this result appears worse than the previous year but a large amount of income from historic VAT recovery inflated last years result somewhat. The investment markets perfomed much belter this year resulting in investment gains of £22,051 for the year (as opposed to just £2,916 in the previous yearl and this has improved the overall result substantially. The Iruslees WTII Gonlinue lo look for ways lo increase income for the charity, particulady from ils sporting facilities. but will also continue lo work wth the directors of the trading company to assist them in their goal lo retum the company lo profitability lch wll, in tum, benefft the charity. Continued...
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Revlew of Activities The charitable activities on the sile are still as popular as ever with over 20 junior and 5 senior teams regularly using the site. The coaching teams (all volunteers) pul on weekly training sessions and, weather permitting, will put on soccer camps through the school holiday periods. The site is routinely over-subscribed and the deterioration in the quality of the pitches after extreme rain sadty leads to many matches being postponed or cancelled allogether. The long tem wish is to pursue 4g pitch and the two resident teams, FC Manton and SJR Juniors, are both keen to develop the site. As a result. the trustees have recently been in touch with the Sheffield FA lo begin discussions about the potential for the site to achieve the necessary funding from the Football Foundation. Changing the trading name ofthe venue lo"Manton Sports" a couple of years ago has attracted new people to the sile and the Sports Co-odinator works strenuously to provide sporting facilities and coaching lo numerous sports clubs. Sheffield United Ladies and Worksop TO1 Juniors are amongst many prestigious clubs thal have been attracted to the site due to the outslanding facilities on offer. The Lync Active partnership is still ongoing and the boxing club I gym is proving very popular and works very well wth a large number of vulnerable youngsters in the area. Summer Camps are also put on by staff to encourage disadvantaged children to get out in the fresh air and engage in sporting actrvities. The Trust holds many smaller family parties. local community groups, dancing classes and weekty lea dances. Events are held throughout the year to attract the younger element with Halloween and Christmas proving particularty popular. The trustees host a number of parties and outings for members throughout the year, provide a semi- professional louring pantomime for the members, children and grandchildren at Christmas and organise an annual day trip lo the coast. Celebrations of most major festivals are held and are fully supported and enjoyed by the members. The Trustees aim to provide a first class facility for the local population to enjoy and fully utilise and are constantly looking at opportunities lo improve the programme on ¢)ffer and to ensure the building is in good condition. A considerable investment has been made to improve the main function room and to develop the old bowling green inlo a play area to promote family usage of the facilities. There have been considerable internal alterations to move the snooker and pool rooms lch has allowed for the provision of a second function I meeting room. This has allowed more private functions and business events to be held. A coffee machine providing bistro style coffee is proving a popular addition and further diversifies the Irust away from the tradilonal but dwindling membership that used to enjoy the facility. The Trustees recognise the importance of attracting new members and new business to the charity lo maintain the entity in the best possible condition. Continued...
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 CONTINUED Investment Policy The Irustees have placed excess funds with Investment Managers in managed funds in order to provide addilional income for the charity in the longer term. In addition some of Ihe charity's liquid assets have been placed in interest bearing bank accounts, thus providing a small amount of income for the charity in the form of interest received whilst keeping the monies readily available should they be required. Reserves Policy It is the policy of the trustees to maintain unrestricted funds which are the free reseNes of the charity at a level to provide SLrfFicient funds to cover anticipated administration and support costs for a period of Iwelve months. Any additional resep4es are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Risk Management The trustees are aware of the operational and financial risks which the charity faces and regularly review those risks to mitigate against any impact that 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 wilh the directors and members to address these risks. 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 for the charity for that period. In preparing those financial slatemenls. the trustees are required to.. selecl suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP., make judgements and eslimates that are reasonable and prudent.. slate 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 position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other irregularities. Signed - Trustee Print Name- Trustee 4 December 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE I report to the Trustees on my examination of the accounts of the above named charity (registered no. 522249) for the year ended 31 March 2024 which are set out on pages 610 10. Res onsibilities and basis of re ort As the charity trustees you are responsible for the preparation of the accounts in accordance wlh the requirements of the Charilies 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 the applicable directions given by the Charity Commission under section 145(5)Ibl of the 2011 Act. Inde endent Examiner's Slatement I have completed my examination. I confirm that no material matters have come to my attention in connection wth the examination giving me cause to believe that in any material respect.. 11) accounting records were not kept in respect of the Charity as required by section 130 of the Act.. or 12) the acwunts do nol accord wth those records., or 13) the accounls do not comply with the applicable accounting 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 nol a matter considered as part of an independent examination. I have no concèms and have come across no olher matters in connection with the examination to 1¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 4 December 2024 J Wallage FCA On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drive Whiston Rotherham South Yorkshire S60 4JG
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 General Restricted Funds Funds Total 2024 Totsl 2023 Note Income and Endowments Snooker and billiards Occupational licence Sports development income Wayleave and other sundry income Room hire and rental income VAT recovery on historic bandit income 1,893 15,000 9,020 29 3,770 1.893 15,000 9,020 29 3,770 1,452 15,000 9.987 179 2.120 12,727 Totsl Income 29,712 29,712 41.465 enditure Direct charitable ex enditure Sports development costs Rent, rates and water Insurance Repairs and ground maintenance Sundries Depreciation Loss on disposal of assets 6.675 (364) 5.338 11,659 610 15,044 6,675 (364) 5,338 11,659 610 30.356 4,438 5,062 4,917 19,042 602 30,210 2,018 15,312 38,962 15,312 54,274 66.289 nd Administration Accountancy Legal and professional fees 917 1.543 917 1,543 882 Total Expenditure 41.422 15.312 56.734 87,171 Net Expendlture before Investments (11.7101 (15,3121 (27,0221 (25,7061 Investment ains Unrealised investment gains 22,051 22,051 2,916 NET (EXPENDITURE) FOR THE YEAR 10,341 (15.312) (4,971) (22,790) Fund balances brought fotward 1.167.037 480.053 1,647,060 1,669,850 FUND BALANCES CARRIED FORWARD 1,177,348 464,741 1,642,089 1.647.060
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE BALANCE SHEET AS AT 31 MARCH 2024 NOTE 2024 2023 FIXED ASSETS Tangible assets Investments 1.354,161 195.241 1,379,518 198,190 1,549,402 1,577,708 CURRENT ASSETS Debtors Cash at bank and in hand 91,589 2,316 76.025 3,916 93,905 79.941 LESS.. CURRENT LIABILITIES Creditors falling due within one yèar {1,218) (10.589) NET CURRENT ASSETS 92,687 69,352 TOTAL NET ASSETS 1.642.089 1,647,060 FINANCED BY: General Fund Reslricted Fund 1,177,348 464,741 1,167,007 480.053 1,642,089 1,647,060 The financial statements were approved by the Irustees and signed on their behalf by.. Signed - Trustee Print Name - Trustee 4 December 2024
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES (a) Basls of preparation and assessrnent of going concern The financial statements have been prepared under the historical cosl convenlion unless othetwse stated in the relevant notes to these accounts. The financial statements have been prepared in accordance ¥Mth the Statement of Recommended Practice.. Accounting and Reporting by Charities IFRS 1021 and the Financial Reporting Standard IFRS 1021 and the Charities Act 2011. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The trustees have a reasonable expectation Ihal the charity has adequate reseNes to continue in operational existence for the foreseeable future. Accordingly. the trustees continue to adopt the going concern basis in the preparation of the accounts. (b) Income Recognition Income is recognised once the charity has entitlement to the income, it is probable that the income will bè received and the amount of income receivable can be measured reliably. Donations are recognised when they are received. {¢) Expendlture Recognltlon Liabilities are recognised as expenditure as soon as there is a legal or Constructive obligation committing the charity to that expendilure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. (d} Depreciation Depreciation is provided on all assets other than freehold land and aims to write off Ihe costs of the assets over their estimated useful life. The rates and methods applied are as follows:_ Land and Club Buildings Refurbishment and Changing Rooms Multi Use Games ea Fixlures, Fittings and Equipment Not depreciated 2Vo Straighl Line 20% Straight Line 15 % Reducing balance
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Fixture - Refurbish- Fittin Land & Buildin Develo ment 2. FIXED ASSETS Total Cost At 1 April 2023 Additions Disposals 322,595 1,129,456 459.331 237,760 2,149,142 4,999 4,999 At 31 March 2024 322,595 1,129,456 459.331 242,759 2,154,141 reciation At 1 April 2023 Charge for period Eliminated 402,274 15,312 161,313 8,696 206,037 6,348 769.624 30,356 At 31 March 2024 417,586 170,009 212,385 799,980 Net Book Value At 31 March 2024 322.595 711,870 289,322 30,374 1,354.161 At 31 March 2023 322.595 727,182 298,018 31.723 1.379,518 The land is held under a lease with the freeholder being the Coal Industry Social Welfare Organisation which expires on 24 March 2122. Should the charity ever become insolvent then no value is likely to be ascribed to the leasehold interest as the lease contains no power of assignment. 2024 2023 3. INVESTMENTS Market value at 1 April 2023 Less.. Investment disposals in year 198,190 125,0001 218.274 (23,000) Value adjusted for disposals 173,190 195.274 Market value at 31 March 2024 195.241 198,190 Net unrealised investment gain 22.051 2,916
MANTON COLLIERY ATHLETIC CLUB AND INSTITUTE NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 4. DEBTORS Prepayments and accrued income Balance due from Manton Colliery Sports & Social Club Ltd VAT 1,304 89.885 400 914 72,657 2,454 91,589 76,025 S. CA H AT BANKAND IN HAND Currenl account 2,318 3,916 2,316 3,916 6. CREDITORS: Amounts fallln due viithin one ear VAT Accruals Late invoices 338 2.094 8,159 1,218 1,218 10,589 7. SPORTS DEVELOPMENT PROJECT Income Sporting activities income 9.020 9.987 TOTAL INCOME 9.020 9.987 enditure General expenses re sports facilities Light and heat- Changing rooms Bookkeeping and administration 59 3.196 3.420 1,146 3.292 TOTAL EXPENDITURE 6.675 4,438 10