Cvro.
CALVERTON MINERS, WELFARE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
REGISTERED CHARITY NUMBER 52226511

CALVERTON MINERS. WELFARE TRUST
INDEXTO THE FINANCIAL STATEMENTS
PAG
Legal and Administrative Details
Report of the Independent Examinerfs
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
6-14
Activty Group Accounts
15-19
Report of the Trustees
20

CALVERTON MINERS, WELFARE TRUST
LEGAL AND ADMINSTRATIVE DETAILS
The Calverton Miners, Welfare Trust is registered with the Charity Commission
(Registration number 522265111
Address of Charity
Hollinwoocl Lane
Calverton
Nottingham
NG14 6NR
SecretarylTreasurer',
Mrs V Corcoran
Chairman..
D Wilson
Trustees,.
P Mapplebeck
J SwinsGoe
L E Renshaw
L Weetman
A Kirkham
Bankers,,
The Co-operative Bank PIC
Olympic House
6 Olympic Court
Montford Street
Salford
M5 2QP
Independent Examiner,,
J M Ellis ACMA
Brickhouse
7 Barnsley Road
Ackworth
Ponlefract
West Yorks
WF7 7BS

REPORT OF
HEI
DE
ENDENT EXAMINER TO
HE
CALVERTON MINERS, WELFARE TRUST
RUSTEES OF
I report On the fin8nclal sialements of thè charlty for the year ended 31 Dec&mb8r 2023 whlch are set out on pages 3 ID 13.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
Ths Gharity's Irusle88 are responsible for the preparation of tha gccounts. The charills Iruslees Gonslder that an audit Is not
requlred lor thls yèar under secllon 144 01 the Charities Act 2011 Ithe Chari1185 Acll and that an Independent examination Is
needed.
11 Is my ra8ponsiblllly lo:
exarnlne the accounts under section 145 of the Charllies Act.,
lo follow the procadures laid down In the ooneral Dlrecllons glven ljy the Charity Commission
(under sedion 14515llbl of the Charities Actl., and
lo slate whether p8rtlcular matters have coma lo my allenllon.
BASIS
EPENDENT
INER,
STATEMENT
My examlnallon was carrled out in accordan￿ with gen8fdl Dir&c￿onS glven by the Chartly CDmmi85ion. An examlnalion
INclud&$ a revlew of the accounting reGoids kept by the charity and 3 comparlson of the accounls presented wlth those 1ooord5.
It also includ68 conslderation of any unu8ual iletns or disclosures in the accounts, and seeking explanallons from the Iruslees
concerning any such matters. The procedures undertaken do not prDvid8 811 lh8 avidence Ihal wDuld be requlred in an oudil,
2nd consequently no C>pinlDn Is given as to whether the accounis presenl a 'Xru8 and falr" view aNd the report Is Ilmited Ic) those
mall8rs sèl out In th8 slalamenl below.
NDEPENDENT EXAMINER'S STATEMENT
In connection wlth my examination, no matter has corne lo tny atlenlipn.
111 which givès mè reasonable c8use lo believe that in, any material respect, the requlrèments..
to keep accounllng re￿rdS in aGcoidance with sectionl 30 ol th8 Charilles Act..
lo piepare accounts which accord the accounllng records and Comply with the
accounting requlrements of the Gharilies Act have not been w81,. or
121 ID which, In my oplnion, atlention should be drawn in order lo ènable a prDper under818ndlng of
the aG¢ounts to be reachèd.
J M EIIi5 ACMA
Brfckhouse
7 Barnsley Road
Ackworth
Ponlefract
West York8
VVF7 78S
Date

CALVERTON MINERS. WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Desi
nat8d Unrestricted Total
Funds
Funds
2023
Total
2022
Notes
INCOMING RESOURCES
Voluntary Income..
Subscription" Associata Members
Grants & Donations
Gift Aid Calverton Miners Welfare SC Ltd
3G Pitch Project
Activities for generating funds:
Occupational Lic8nce
Incomlng Resources from Charltable Actlvltles
Activily Groups., Surplus
Room HirelRenl
5-a￿ld8 & Pitch Hir8lGround R8nt
Covid 19 Support Grants
Insurance Claim- VVat8r Laak
1,502
7,424
7,718
1,502
30,193
7,718
14,721
1,493
40,450
4,431
8&9
22,769
15
14,721
12,610
12.610
11,890
10,S80
10,980
15,907
28,739
2,828
14,087
30,783
4,000
1,591
15,907
28,739
TOTAL INCOMING RESOURCES
48,470
73,900
122,370
111,553
RESOURCES EXPENDED
Charitable Expenditure:
Activity Groups.- Deficit
G￿ntS and Donations
Direct Fundraising Costs
3G Pitch Project
Light and H&at
Rent, Rates and Water
Insurance
Telephone
Rep8irs and Renewals- Buildings
Repairs and Renewals - Grounds
Postage and StaticnerylAdverts
Bank Ch8rgesllnterest Payable
Wages and National Insurance
General Expenses (includes Courses)
Irrecoverable VAT
D8preciation
Governance Costs:
Audit and Accountancy
Professional Fees
20
478
20
478
3,680
1 $,931
4,674
5,064
1,230
7,005
15,333
161
830
21.121
43
6.576
35.108
758
133
15
3.680
16.931
4,674
5,064
1,230
7,005
15,333
161
830
21,121
43
6,576
2,660
16,263
6,483
5,591
1,082
11,388
11,217
85
174
14,947
13601
3.389
35,359
3a
32,448
12
2,673
105
2,673
105
2,750
324
TOTAL RESOURCES EXPENDED
36,128
84,904
121,032
109.583
NET RESOURCES EXPENDED
BEFORE TRANSFERS
12,342
{11.004)
1,338
1,970
Tho notes fomi part of these financial statements

CALVERTON MINERS. WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023 CONTINUED
Desl
nated Unrestrlcted
Funds
Funds
Total
2023
Total
2022
Notes
NET RESOURCES EXPENDED
BEFORE TRANSFERS
12,342
(11,004)
1,338
1,970
Transfers b8tW88n Funds
NET RESOURCES EXPENDED
FOR THE YEAR
12,342
{11,004}
1,338
1,970
Gainsl(Losses) on Sale of Assets..
NEf MOVEMENT IN FUNDS
12.342
(11,004)
1,338
1,970
Fund Balan￿S Brought Forward
at 1 January 2023
120.258
137,548
257,806
255,836
FUND BALANCES CARRIED
FORWARD AT 31 DECEMBER 2023
132,600
126,544
259.144
257,806
The notes form part of these financlal statements

CALVERTON MINERS, WELFARE TRUST
BALANCE SHEET AS AT 31 DECEMBER 2023
NOTES
2023
2022
FIXED ASSETS-
Tangible Assets
211,655
246,363
211,655
246,363
CURRENT ASSETS:
Debtors
Cash at Bank and In Hand
Activity Group Account Balances
570
3.953
22,681
819
1,280
9,146
27,204
11,245
CREDITORS: Amounts falling due
within one year
30.112
31.276
NET CURRENT LIABILITIES
(2.908)
(20,031
TOTAL ASSETS LESS
CURRENT LIABILITIES
208.747
226.332
CREDITORS: Amounts falling due
after more than one year
31,350)
34,416)
NET ASSETS
177.397
191,916
INCOME FUNDS
DESIGNATED FUNDS
Designated Funds - P & L
Designated Funds - Deferred Grants
132,600
81,747
120,258
65,890)
1&8
50,853
126,544
54,368
137,548
Unrestricted Funds
177.397
191.916
Approved by lh8 Board of Trustees on ..............
ands
ed on its behalf by..
Trustee
The notes fomi part of these financial statements

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACC
NTS
FOR TAE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING P
LICIES
Accountln
Conventlon
The account8 have been prepared under the hi81oric cost convgntion with the exception that
Investments are valued at market value, The 8ccounls are prepared in accordance with applicable
accounting 81andards, the Charltles SORP120051 (Accounting and Reporting by Charities) and
comply with the Gharilies Act 2011.
Tan
Ible Fixod Assets - Unr88tricted
Depreciation is provided at the following annual rates In order to write off each asset
over its esllmated useful life.
Club Buildings
Other Assets
00/0 on cost
1 OUA on reducing balance
Tan
iblè Flxed As8ets . Desi
nate
Funds
Depreciation is provided at the followlng annual rates in order to write off each assel
over ils Èsllmated useful life.
Club Buildings
other Assets
5 /0 on cost
1 Oyo on Gost
Dèferred Income
Grants form the Major Funders Inote 101 ar8 recognised in the Statement of Financial
Activities over the expected life of designated fund ass91s.
Major grant income is deferredlulilised over the anticipated life of designated projects.
Thé Trustee8 are ol the opinion that the antlcipaled life of the current major project i¥ 20 years
and income from th$ Project will b8 Utilised in the Statement of Financial Activities over this
period.
eneral Income
Occupational Licence income is included in the Statement of Flnancial Aolivities as it
falls due. All other general income is re¢ognised on re￿ipt.
Invostment Income
Investment Income Is included in the Statement of Financial Activi11gs as receivable.

CALVERTON MINERS. WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR T
E YEAR ENDED 31 DECEMBER 2023
2023
2022
ACTIVITY GROUPS.. SURPLUSI
DEFICI
Surplus Balances..
Top Club Fund
Calv8rton Thè8tr& Group
Ladl&s Darts
Calvarton Miners Welfaré Memorial Fund
Colts Football Club
118
618
805
10,244
2,555
10,980
3,160
Less: Deficit Balances
Calverton Theatre Group
332
332
SURPLUS
DEFICIT
STATEMENT OF FINANCIAL
ACTIVI
IE
10,980
2,828

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2
23
3. TANGIBLE FIXED ASSETS
CLUB AND RECREATION CENTRE
Desl
nated Unrestrfc
nated
Land and
Flxtures &
ixturos &
Bulldln
ui
men
Unre
trlcte
Land and
Buildin
Cost
As at 1 January 2023
Addilions
Disposals
598,150
592,022
193,7e4
400
97,050 1,480,986
400
14
As
31 December 2023
598,150
592,022
194,164
97,050 1,481,386
Accumulated De
reciatlon
As al 1 January 2023
Provided for year
Dispo3als
441,000
546,086
29,601
167,583
2,660
79,974 1,234.823
2,847
35,108
at 31 December 2023
441,000
575,688
170,223
82,821 1,269,731
Net Book Value8
31 De￿rnber 2023
157,150
16,334
23,941
14,229
211,655
31 December 2022
157,150
45,936
26,201
17,076
246,363
The Buildings are valued at historical cost and are depreciated over a 20 year period {being the estimate of the
expected economic lif8 of the Buildings). However the Land on which the Club Buildings stand is held
under a Lease with the freeholder being the Coal Industry Social Welfare Organisalion. The curent Lease which
18 Wlth the Charity expires in 2122. The lease contains no power to assign, sublet, part Dr share the premises
and as such the effective value of the Institute Buildings would be reduced to zero in the event of any winding up
of the Charity.
In view of the above, the unre8triGted land and buildings are no longer depreciated as the eflective value of those
assets is nil in the evenl of any winding up of the Charlty. This policy took effect from 1 January 2022.
3a. IRRECOVERABLE VAT AND THE OPTION TO TAX
Prior to l October 2023 the charity was subject to th& de-minimus rules in respect of VAT, As a result,
there wa5 an element ofVAT that could not be recovered on certain purchases made by the charity.
On fj October 2023 the charity elected to Opt lo tax for VAT in respect of ivs supplies of land.
This enables the charity to reclaim VAT on ils purchases relating to the supply of land on its premise8.
In tho current year irrecovorable vat has been 8ccountèd for in the SOFA prior to the option to tax for VAT
being granted by HMRC.

CALVERT
N MINERS. WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DEBTORS
2023
2022
Tradelsundry Debtors
Prepaym8nls
Taxation and Social Securlty
280
539
570
570
819
CASH AT BANK AND IN HAND
2023
2022
Cash at Bank Deposit Account
Current Account
Cash in Hand Facilities Manager
3,005
948
282
998
3,953
1,280
ACTIVITY GROUP ACCOUNT BALANCES
2023
2022
Colts Foolball Club
Calverton The8tre Group
Calverton Miners Welfare Memorial Fund
Calverton MW Ladie5 Darts
Top Club Fund
16,080
4,554
1,079
3,281
3,936
1,079
968
850
22,681
9,146

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEA
ENDED 31 DECEMBER 2023
CREDITORS
2023
2022
Amounts fallin
due wlth one
ear:
Trade CreditorslAccruals
Taxation and Social Security
Cash at Bank and in Hand
Calverton Miners, Welfare Social Club Ltd Loan Account
21,556
4,018
23,078
1,552
4,538
6,648
30,112
31,276
Amounts fallin
due aft8r one
ear:
Carlsberg Marstons- Loan re Developmentlsigns
31,350
34,415
$1,462
65,692

CALVERTON MINERS. WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
DESIGNATED FUNDS
The inGomè fund5 of tha charity in¢ludÈ lh& followlng designated fund8 uvhlch have be8n set aside out of
unreslricled funds by the Trusleeslsub S￿lI0n Committees for specific purposgs or grènl6d by major funding
bodies.During th8 y&ar th8 major project to develop th8 football fieldslchanging rooms ttontinued as th8 concept
of the Gonslruclion of a 3G pitch became a reality and fundr8islng has bègun to ach16V8 thi8 aim.
is very grateful to all the bod168 who hav8 granted fund5 to achi8V8 the upgrad8 of th8 Scheme's facilities.
alance
asat
ol￿an.23
Ca
ut1118edl
Realised
Revenue
Balanc
Utilisedl
a8at
Real'sed 31-Déc-23
New
Grants
S¢h•m•
Contrlb
Ground Improvemonts
Football Foundatlon
Coalfields Regeneration Trust
Noltingham Communty Fund
Football Stadia Improvement Fund
WREN
Releasa of Funds Clyr sU￿lus
Scheme Contribution - Capital
WREN - Play Ar8a and Seating
9,136
1,000
so
1,552
890
5,588
815
16,825
19,136)
11,000)
(501
18491
1890)
703
10,371
15,9Sg
1815>
12,804)
14,021
others
Sub S&ction8 Surplu8lDeficit
Wolvsrhampton & Dudlèy {Loan}
Colts Football Club (5 year plan)
9,146
18.019
2,869
13,535
22,681
14.953
2,390
{3,06ei
{47g)
3G Pitch-
Fundraising - see Note15
14,721
{3,68D)
11,041
65,889
28,256
{22.769)
10,371
81,747
DESIGNATED FUND ANALYSIS:
Daforrad Incom8- Major Gran18
General Designated Purposes
{81,747}
132,600
50,853
Major grant income 18 deferredlutilised over the anticipated life of tha projact. The Trust8es are of the opinion that
th8 anlicipat8d life of the buildings 18 20 years. The income will be relgasod ov8r th8 anticipatad lif& of the project.
UNRESTRICTED FUNDS
The unrestricted funds include granfis received in previous yoars from the Coal Industry Social W81fare
Organisation, Godling Borough Council and Notlinghamshir6 County Council and St Wilfrids Church, Calvarton
tolalling £166,566.
During the y9ar Ihs Tnjst r&c@ived a grant from the Football Foundailon from the Pitch Mainten8nc8 Fund of £7,424.
Th& grnnt is part of a 5 year initiative from the Fo)tball Found8tlDn and the payment r&lat8d to Year 2 of the plan.
10. TRUSTEES REMUNERATION
Tha truste&s recèived no r8imbur88m8nl of expenditure or remunerallon during thè yèar, aFther directly or
indirectly (2022 nil).
11. STAF
COST8
2023
2022
Wagas and Social S9curity Costs
21,121
14,g47
Average Numb8rof Full Time Employees

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 202
12.
CCOUNTANCY COSTS
2023
2022
Accountancy Services - J M Ellis
2,673
2,750
2,873
2,750
13.
ACTIVITY GROUP ACCOUNT PREPARATION
Accounts submitted by the following activity groups of Calverton Miners, Welfare Trust
are included in the accounts to enable a holistic view of the charitable activities taking
place at the Scheme bul are independently examined by the charity's accountants.
The cash balances held by the sub sections are included in the balance sheet for
same purpose.
The current sub sections of the charity are as follows..
Colts Football Club
Calverton Theatre Group
Calverton Miners Welfare Memorial Fund
Calverton MW Ladies Darts
Top Club Fund
During 2020 and 2021 the Coivid19 pandemic seriously curtailed the activities of the charity's
sub-sections. The majority of sub-sections were unable to operate during the pandemic
and accounls have not been submitted in 2020 or 2021,
In 2022123 the sub-sections began to relurn lo normal operations and their accounts
reflect this.
12

CALVERTON MINERS. WELFARE
ST
NOTES TO THE ACCOUNTS
R THE YEAR ENDED
1 DECEMBER 2023
FIXED ASSETS . ADDITIONS
BUILDINGSIE
UIPMENT
14.
Fixtures and E
ment - Unrestriotod..
floor buffer
brush cutter
- xmas tree & decorations
157
112
131
400
400
FIXED ASSETS . DISPOSALS
BUILDINGSIEQUIPMENT
NIL
13

CALVERTON MINERS WELFARE TRUST
OTE
TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
CALVERTON 3G PITCH PROJECT
023
2022
Income
Calvèrton Colts:
Walk to Wernbley
Gift Aid Reclaim Walk to Wembley
Colts Tournament
4,036
627
3,315
Arnold Eagles..
fundraising presentation day
6,700
Bank Interest
43
Total Incom
14,721
Expenditure
Hopkins Solicitors:
formally register freehold on land
for 3G pitch site
2,030
Salary Costs..
bid writing and co-ordination with
relevant partners
1,650
Total Expenditure
3,680
Surplus
11,041
Cumulatlve Balance as at 31 December 2023.
Opening Balance at 1 January 2023
Add.. Income
14,721
13,680)
Less.. Expenditure
Closlng Balanco at 31 Dgcember 2023
11,041
14

CALVERTON MINERS WELFARE TRUST
COLTS FOOTBALL CLUB
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31 DECEMBER 2023
INCOME
2023
2022
SubscriptionslFlneslSign on Fees
Tournament
Bank Interest
DonationslGrants & Sponsorshlp
Vets Klt
Fundraising
Other Income
30,707
2,505
29,937
4.167
1,000
6,e25
124
400
18,185
56,564
37,088
EXPENDITUR
Hire of Pitches
Kil & Equipment
League Fe8s, Fines & Referees
Social Ev&nlstFood
Banners, Adverts, App & Website
U9's Asda
Insurance
Trophies & Awards
Training - Level 1
Treasurers Expenses
Donallon lo Main Scheme 3G Pltch
DBS checks
General Expenses
22,4S2
9,956
5,147
1,959
66
16,760
7,943
3,711
1,173
626
429
1,639
955
480
1,781
330
300
3,619
213
604
520
46,320
34,533
Surplusl{Deficltl Carrled fO￿ard
lo general Stalement of Flnancial
Acti￿ti
10,244
2,555

CALVERTON MINERS WELFARE TRUS
THEATRE GROUP
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31 DECEMBER 2023
2023
2022
INCOME . PLAYS
Ticket Sales - Pantos/Plays
561
ADDITIONAL INCOME
Charity Shop
RaffleslRefreshment sale5
Donation- COFiE (Fashion Show)
Grant - Local Councillors
Grant - Parish Council
602
348
207
300
450
1,907
2,468
EXPENDITURE
Hire of Vlllage H811 etc- PlaylPanlo
Room Hire - Rehearsals
Costumes & HlrelProps
other Costs
Plays
Storage & Slorage Boxes
Printing - Posters & Tickets
Insurance
1,211
60
72
12
77
100
162
156
20
37
119
156
1,850
332
SuplusllDeflcitl carried forward
to general Statement of Flnancial
Activitie5
618
1332
16

CALVERTON MINERS, WELFARE
RUST
LADIES DARTS
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
2022
INCOME
Subscrlptionslsavings
Raffle
372
491
33
98
863
131
EXPENDITURE
Competition Fees
Misoellaneous - distributed
26
883
105
863
131
Surplusl{Deflclt) carried fO￿ard to
general Statement of Financial
Activities
17

CALVE
TON MINERS, WELFARE TRUST
CALVERTON MINERS WELFARE MEMORI
L FUND
COME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31 DECEMBER 2023
2023
022
INCOME
Bank Interest
EXPENDITURE
Non6 in Year
Surplusl(Deficit) carrled fomard to
general Statement of Financial
Activltles
No Movement in 2023 Year
Monies held for Future Repairs

CALVERTON MINERS WELFARE TRUST
TOP CLUB
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED
1 DECEMBER 2023
2023
2022
INCOME
Bonfire Night - Fairground
and wristbands (nell
Fundraising miscellaneous
Xmas Raffle
738
200
1,980
20
938
2,OOD
EXPENDITUR
Bonfire Night - Fireworks
Bonfire Night- Misc Expense
Bonfire Night - Cash Prize
Miscellaneous Expenses
Six Chairs for Club
Five Folding Tables for Club
Jukebox
Hedge Cutting Flat
Fundraising Stickies
S60
9D
100
245
60
40
120
380
200
20
820
1,395
SurplusllDeficit} carried fomard
to general Statement of Financial
Activities
118
60S
19

CALVERTON MINERS WELFARE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDING 31 DECEMBER 2023
l. The Trust¢¢s present their report along with the financial statements of the
charity for the year ended 31 December 2023. The fmancial statements have
been prepared in accordance with the accounting polickes set out on page 6
and comply with th¢ Charity's Trust Deed and applicable law.
2. Constltutlon and Ob'ects
The Charity Calverton Miners Welfare Trust, at Calverton in the County of
Nottinghamshire, regulated by a Schen]e of the Charity Cornrnissioners made
on 13 July 1983. and in the matter of the Coal Industy Act 1987. and in the
matter of the Charities Act 1960. Registered Charity number 52226511.
l ) The object of the charity is the provision of & welfare institute for the
benefit of the inhabitants (and but not exclusively, such of the said
inhabitallts as are membern of thc milling community) of th¢ area of
benefit without distinction of political, religioiis, or other opinions with
th¢ obj Gct of irnproving the conditions of lif¢ for the said inhabitants.
2) The land to this scheine must be retained by the Trustees for the use of
th¢ir charity.
3) In so far as the land and buildings to this schcnic, or othcr asscts of the
charity, are not required for the said object in (l) above then provided
that the trustees shall hav¢ consulted and obtained th¢ a￿cernent of the
trnstees of CISWO in advance, the Trustees rnay use the cbarity's land
and other assets for such other purposes as are exclusively charitable at
law for thc dircct benefit of the inhabitants of the area of benefit.
tn setting our obj ectives and planning our activities the Trustees have considered the
Charity Coinn]ission's general guidanc¢ on public b¢n¢fit and in particular to its
impact on the benefici￿￿eS of the Charity.
3. Or
anisation
The Trustees who have served duiing tbe year are detailed below: .
Mr D Wilson
Mrs J Swinscoe
Mr P Mapplebeck
Ms L Renshaw
Mrs A Kirkham
Mrs L Weetman
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The Secretary to the Trustees, responsible for the day-to-day administration of the
charity is Mrs V A Corcoran, Calvcrton Miners Welfare, Hollinwood Lane,
Calvert0￿ Notts NG14 6NR.
4. Review of the Develo
men
Activities and Achievements of the Chari
The Social Club has recorded a profit and £7,718 in Gift Aid receiv¢d for the Trust,
The Occupational Lic¢nce Fee increased as per Trustees Instrnctions 2021.
The refurbishment of the Club, coinpleted by Volunteers, bas helped create a modern
environment for members and bookings for the Pitch Inn continue to increase.
The retention of volunteers is increasingly importallt, the current Board of TrL￿teeS
have all got experience in their Trusteeship's but new faces and skills would b¢
welcome.
The 3 G Proj ect is progressing well. Coirmunity Engagement continues to be a
priority ensuring we me¢t th¢ ne¢ds of the cornmunity with the 3G project.
Cornmunication continues with GBC to seek fimding and the long awaited Playing
Fields Strategy is imminent and will play a crucial role in any decision Tcgarding
fjjnding GBC will make. Both Calvcrton Colts and Arnold Eagles continiie to support
the project and are working together to fiJn(Iraise. Both Clubs will have priority ratcs
post the 3G build in acknowledgement of their support and fvndraising activities.
CISWO havc bcen infornied of the Clwity's intentions and will be required to sign
off the project.
Thc Administration of the Charity continue to ensure Incorne is higher than
EXpend1tL￿e, given the increase in utilities this is proving increasingly difficult,
however, the accounts show there is progrcss.
The Pitch Power Fund, froin the Football Foundation, continues to support esscntial
maintenance to the existing pitches, which arc ovcrplayed due to high demand.
An Expression of Interest has also been made to the Football Foundation for the
Energy Support Programrne designed to malce Clubs like ours become energy
efficient. It has never been more crucial for this club to be fin2mcially and
environmentally stable. Qualifying Clubs will be able to apply for ftmding up to
£25,000. No further update on this at the end of 2023.
An application to Howden's to upgrade the Icitchen is in progress.
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Sub Section Re
orts:
Colts F.C. The Colts, led by David Lee, Chaiman have developed 2 extra Inclusive
teams, following David's achievement as the County Grassroots winner - Inclusive
Coach of the ycar, demand for Inclusive football has increased. Fun(traising activity
plans have been put into place for 2024 in an attempt to raise £20,000. Tim
Richardsofy Team manager successfillly cycled from John O, Groats to Lands End
raising almost £5k. The annual Colts football tournarnent in Junc 2023 raised funds
for the Football Club and was enjoyed by all. As part of th¢ Colts strategic plan they
continue to increase the younger teams frorn the Football School and Wildcats on a
Friday evening is growing in numbers.
Theatre Grou
Another superb village group, the Theatre Group uses the
conservatory or fimction room to rehearse their exc¢llent productions. Their
pantomime is supported by large numbers in the Con]munity, they are currently
rehearsing for their production of Aladdin.
The To
Club Fund has been re-established and due to the amazing Volunteer
siipport, the Club held their amiual Fireworks Display in Novemb¢r 2023.
Calverton MW Football School - The School continues to encourage the growth of
Calverton Colts by instigating the formation of a n¢w Under 8s t¢&m each year.
Growth of new t¢￿llS may be restricted unless the 3G project is successftd.
Ladies Darts:
Thc team had a successfil season reaching the semi-final of the Cup with Toni
Arnigtrong winning the 180 Award. For 2024 the Ladies Darts arc hopillg to create a
mixed darts team.
5. Financial Review and Investment Polic
The charity had net incoming resources for the year of +£1,338 (2022 +£1,970).
Incoming resources increased by +£1 0,817 in th¢ year. The occupational licence fee
was increased again by £720 to £12,610 which still allowed the company to return a
surplus of +£7,718 and fulfilled the coinpany, s aim to return to profitability, Gift aid
of +£7,718 was gifted to thc charity in thc current year based on these profits. Th¢
Trustees policy, agreed with the company, that the occupationa] licence fee would be
set at l O % of turnover until fvrther notice to allow the company to continue to
strengthen its finances continues to achieve its objective and is very pleasing to the
Trustees. The percentage agreed exceeds the CISWO policy of an occupational
licence fee equating to 60/0 of turnover and is a good indicator of the improvernent in
the coinpany, s finances. Other income streams increased by +£6,810 even with the
loss of Covid 19 grant support which Conclud￿ in 2022 (-£4,000) and an insurance
claiin received in the prior year (-£1,591). The charity opted to tax its supplies of land
for VAT purposes on l October 2023 in order to be able to recover input tax for the
impending 3G pitch constmction - a major project for thc charity. Prior to this
decision b¢ing made the Ch￿ltY was unable to recover all the VAT on its expenses
and the Trustees made the decision to opt to tax in order to be able to recover VAT on
the impending major project's costs. The charity's dccision to opt to tax has affected
income streams as VAT is now payable on all supplies of land. However, a pricing
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policy has been a￿eed with the charity's iisers which will slowly illcrease prices to
rccovcr th¢ additional costs of VAT.
In 2023 the release of designated funds for th¢ 20 year project to improve the playing
fields and build additional changing rooms concluded causing a dccrcase in grants and
donations of -£1 0,527 but this was offset by an increase in sub-section cash and bank
balances of +£8,152 and fundraising income received for the 3G pitch construction
project of +£14,271.
The unrestricted fLmd received a ￿ant of +£7,424 from the Football Foundation for
pitch maintenance in addition to the contiibutions from Calverton Miners Welfa
Social Club Ltd. Both room hirelrents and pitch hire suffered from the effects of VAT
charges (-£224) following the Trustee's policy of gradually increasing fe¢s to its users
but increased usage of both the outdoor pitches and the Pitch Inn mainly offset thes¢
costs. The Trustees expect that the VAT costs will b¢ fully absorbed by the charity's
users by the end of 2024.
If we exclude the subsection surplus the charity retL￿ned a deficit of -£9,642 {2022 -
£858). The income Stre￿nS rq)orted in the 2023 accounts demonstrate the success of
the Trustees long tenn policy of making full use of the charity's faGilitics for the
cominunity. Overall, the Ch￿lty,S incoming resources totalled +£122,370 (2022
+£111,553).
Expenditure rose during thG year by +£11,449 (2022 -£1,346) to £121,032. Many of
the charity's costs r￿Trained constant or increased witlL inflation in the year - Viv
corcora￿ thc Secretary to the Scheme is tasked by the Tn]stees to constantly monitor
costs and identify cost savings which she continu¢s to do with vigour and great
success. An example of Mrs Corcoran's attention to the clmrity's costs is th6 ]Iiarginal
increase in light and hcat costs (+£668) - many other organisations bave experienced
large increases in energy costs but the constant att¢ntion to the charity's overheads has
r¢apcd rcwards in 2023.
Expenditure on the 3G project of +£3,680 increased tbe charity's costs as legal and
administrative costs were incurred - please see Note 15 to thc accounts which
desciibes th¢ costs in more detail. Repairs and renewals cost8 decreased by -£4,3 83 as
no niajor repairs were incuNed during thc year. Grounds maintenance costs rose by
+£4,116 following expenditure on the pitches to improve their quality - the
expenditure is reirnburscd by the FootbalI Foundation pitch niaint￿ll￿ice grant
recorded in the charity's incorne for the year. Wages and salaries rose by +£6,174
following a return to full operational capacity and the coiitinued part-time
employment of a caretak¢r/rnaintenance employee. In 2023 the residual cost of
irrecoverable VAT to 30 September 2023 following the partial exemption position of
the charity in respeot of exempt siipplies of land has been written off to the SOFA
+£6,576 {2022 +3,3 89). In 2024 the Ch￿ity'S accounts will not include this particular
cost following the option to tax made by the charity from l October 2023. Other costs
remained within the parameters expected by the Trustees. Overall, the charity's
outgoing resources totalled +£121,032 (2022 +£109,583).
Total fund balances decreased by -£14,519 (2022 -£32,130) to £177,397 as of 31
December 2023. Even though the ch￿lty reported a sillylus in the year the fall in
value is affected by the release of deferred grants relating to the 20-year proj ect of
ground improvements which conllnenccd in 2003 and complct¢d in 2023. The
designated fund now mainly includes the play area funding received in 2022, the 3G
20

pitch ftindraising and the sub-sections cashlbank balances at year end - please see
Note 8 to the accounts for further analysis,
Fixed assets, although decreasing following depreciation charges, included an
amount of £400 in respect of capital additions, The Trustccs are very pleased to report
that the r¢furbisl]ment of tbe fLmCtion room coinpleted in 2021- now renarn￿ the
Pitch Inn- is now bringing positive income streams to the charity and has been well
received by the community. Most of the work completed on both the lounge and
function roo]n was completed by the charity's amazing team of volunteers who canied
out most of the laboiw elan¢nt of the works in their own tim¢. The Trustees are
indebted to the volunteers who gave their tllne and inspiration to update the charity's
premises - the building looks fantastic after the work done - again thank you. Capital
assets purchased in 2023 included a floor buffer +£157, b￿sh cutter +£112 and Xmas
tre&decorations +£131.
Other elanents of the balance sheet included a decrease in debtors of -£249 as room
hirc dcbtors paid. Total credAtors fell by -£4,230 mainly resulting from a decrease in
trade creditors and the loan account with Calv¢rton Mincrs Welfare Social Club Ltd
but offset by an illCTeasc ill taxation following the increased VAT payable at year end
following the option to tax.
Statement of Investment Principles
The Trustees Investment is managcd by JP Morgan Fleming Asset Management (UK)
Ltd, provides for "a balanced return from income and capital wwth"
Investment Principles
l. The Trustees have appointcd J.P. Morgan Fleming Asset Management to
nianage the assets of the Charity in accordance with the principles sct out in
this statement and within the guidelines set down from time to time by the
Trustees.
2. The Trnstees will monitor the perforn]ance of the investment ]nanager against
the stated Perforniance Objective. Performanc¢ reports and valuations will be
obtained quartcrly. Attendance by tlie Manager at client rneetings is by client
request,
3. The Trustees do not impose any restrictions whether in respect of ethical
80cial or environmental matters, or voting policy or othenvise, believing that
this course is in the best interests of the objectives of the Funds.
Investnient Objectives
4. The Objeotive of the Trustees through the Fledgling UK Equity Fund is to
provide the Charity with growth in capital and inci)ine frorn a diversified
portfolio of UK equity shares, with the aim of preserving the real purchasing
power of the capital and income over the longer temi.
5. All Funds are to be managed on a discretionary basis.
Although the investments held by JP Morgan Fleming were sold in 2009 any future
surpluses would be invested with the company.
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6. Reserves Pollc
The free reserves of the charity (excluding fixed assets) cornprised the unrestricted
reserves. On 31 December 2023 the fr¢e rcs¢rv¢s of these fi￿dS were -£56,939 (2022
-£63,593), The Trustees are conscious that the annual cost of maintaining the Scheme
Inay be greater than the income generated by the fimd and any free reserves of the
charity will bc utilised to cover the expected anniial shortfall if necessary. In additio
the Trustees are conscious that there will be a significant beneficiary population for
many years h¢n¢e and therefore they wish to ensure that the Scheme remains viable
for as long as a beneficiary need exists. The Trustees are of the opinion that althou
free reserves are in a negative position temporarily the anticipated incornes from the
activities of the Schem¢ will be sufficient to enable them to meet that cominitment to
th¢ beneficiary population in Calverton for many years to come,
The Trustees are constantly examining ways to improve the position of Scheme and
its ability to raise income for the furtherance of the charity's objectives and meetings
are held regularly to consider this,
7. Risk Mana
en]ent
The Trustees have examined th¢ major strategic, business, and operational risks which
the charity faccs and confinn that systems have been established to enable regular
reports to be produced so that the necessary steps call be takcn to Icsscn these risks.
8. Trustees, Res
onsibilities in relation to the Fillaucial Statements.
Law applicable to charities in England and Wales required the Trustccs to prepare
financial statements for each financial ycar which give a true and fair view of the
ch￿ltY and of the incoming resources and application of resoirces of the charity for
that period. In preparing those financial Stat￿llents, the tNstccs are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
malce judgements and estimates that are reasonable and prudent.
state whether applicable accounting standards have been followed subject
to any m&terial departures disclosed and explained in the financial
stat¢ments.
prepare the financial statanents on the going concern basis unless it is
inappropriate to presuine that the charity will continue in business.
The TrustcGs arc rcsponsible for keeping accounting records which disclosc witli
reasonable accuracy at any time the financial position of the charity and enable thejn
20

to ensure that the financial statements comply with th¢ Ch￿￿tIeS Act 1993. They are
also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the ptevention and detection of fraud and other inEgularities.
Approved by the TTUSt¢es and signed on their behalf by:
Signature (Trustee);
Full Name
PAul-,
Date: S.-é-'l LP
20

to ensure that the financial statements comply with the Charities Act 1993. They are
also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trnstees and signed on their behalf by:
Signature (Trustee):
Full Name
Date:
ftrla77K£O
19