CALVERTON MINERS, WELFARE TRUST
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
REGISTERED CHARITY NUMBER 52226511

CALVERTON MINERS, WELFARE TRUST
INDEX TO THE FINANCIAL STATEMENTS
PAGE
Legal and Admlnlstratlve Detalls
Report of the Independent Examinels
statement of Financial Actiwties
Balance Sheet
Notes to the FinanGial Statements
6-14
Activity Group Accounts
Report of the Trustees
20

CALVERTON MINERS'WELFAR
TRUST
LEGAL AND ADMINSTRATIVE DETAILS
The Calvsrton Miners, Welfare Trust is reglstered with the Charity Commission
(Registration number 52226511)
Address of Charity:
Hollinwood Lan8
Calverton
Noltingham
NG14 6NR
Secretaryrrraasurer..
Mrs V Corcoran
Chairman..
D Wilson
Trustees..
P Mapplebeck
J Swinscoe
L E Flenshaw
L Weetman
A Kirkham
Bankers:
The CowoperatlV8 Bank PIC
Olympic House
6 Olympic Court
Monfford Street
Salford
M5 2QP
Independent Examiner..
J M Ellis ACMA
Brickhouse
7 Barnsley Road
Ackworth
Pontefract
West Yorks
WF7 7BS

EPORT OF THE INDEPENDENT EXAMINER TO THE
CALVERTON
INERS. WELFARE TRUST
RU
I r&port on Ihe HnanGlal statements of the charity for the year ended 31 December 2024 which are Set out on page5 3 to 13.
ESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
Tha charflvs tru51888 aro rgsponslble for the pr?paratlon of the aGoounts. The ohgrflls trustees conslder that an audlt Is not
requlred lor Ihls year und6r seGfloTr 144 of tha Charfll88 Act 2011 Ith9 Gharftles Act) and that an Independanl examinatlon Is
need￿.
11 15 my responslblllty to..
examlne the accounts under section 145 of the Charllles Act,,
to follow the procedurès lald down In the 98neral Direcllons glven byihe Charfty Comm18slon
(under section 14515Xbl of the Gharflies Acll. and
lo stale whèlher parucular maI￿rg hav8 come lu my attèntion.
BASIS OF INDEPENDENT EK4MINER'S STATEMENT
My examination was ¢arrf8d out IN aCGordan¢8 wFih gèn8r81 Dlractlons glvan by thg Charity Commlssioll. An examlnallon
includes a review of the accounlng records kept by the charity and a comparison of tha a￿oUntS pr8sentèd w5th thosè ra￿rds.
11 also inGludes consideration of any unusual items or disclosures in the account5, and se8klng axplanallons from the Iruslees
concerning any such matters. The prO￿dureS underlal(en do not provide all the evidence that would be r￿UIred in an audit,
and consequenuy no opinion is given as Lo v4hether the a¢¢ounts pr¢senl a'lrue and fair vievl and the report is lirnited to those
malteTS $8t out in the slalernenl below.
INDEPENDE
ATEME
In connection wilh my examination, no matter has Gome lo my attenlioft,.
111 whlch gives me reasonable cause to believe that in, any material respect, the requiremellts:
keep accounting records in accordance with s￿170￿130 of tho Charities Act..
lo pr&par8 accounts whlch accord ￿th th8 ac¢ountlng rocords and Bomply wllh the
eccounling requirements ol the Charities Act have not been tnet,. or
121 lo which, in my opinion, attention should be drawn in order to enable a proper und¢rslandlng of
tho ac¢uunts to bè reachad.
M Ellls ACMA
Brithhouse
7 Barnslèy Road
Ackworth
Pontefracl
Wesl York3
WFT 7BS
Date

CALVERTON MINERS'WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR
NDED 31 DECEMBER 2024
Desi
nated Unrestricted Total
Funds
Funds
2024
Total
2023
Notes
INCOMING RESOURCES
Voluntary Income:
Subscription: Associate Members
Grants & Donatlons
Glft Aid Calverton Miners Welfare SC Ltd
3G Pitch Project
Aclivitias for genarating funds:
Occupational Licence
Incomlng Resources from Charitabla Actfvitles
Activity Groups.. Surplus
Room HirelRent
5-a-sid8 & Pitch HirelGround Rent
Covid 19 Support Grants
Insurance Claim - Water L8ak
3,761
12,888
19,886
3,761
43,088
19,666
125,118
1,502
30,193
7,718
14,721
8&9
30.200
15
125.118
9.600
9,600
12,610
10,980
15.907
28,739
18,449
34,260
18,449
34,260
TOTAL INCOMING RESOURCES
155,318
98,624
253,942
122,370
RESOURCES EXPENDED
Charltable Expenditure:
Actlvlty Groups- Deflclt
Grants and Donations
Direct Fundraising Costs
3G Pltch ProseGt
Light and Heat
Rent, Rates and Water
Insurance
T8lephune
Repalrs and Renewals Buildings
Repairs and Renewals - Grounds
Postage and StationerylAdverts
Bank Chargesllnterest Payable
Wagas and National Insurance
General Expenses (includes Courses)
Irrecoverable VAT
Depreciation
Governance Costs:
Audit and Accountancy
Professional Fees
3,810
3,810
40
91
20
478
3,680
16,931
4.674
5,064
1,230
7.005
15,333
161
830
21,121
43
6,576
35,108
91
16,593
20,020
4,982
6,416
1,324
7,826
16,142
452
380
23,181
355
15
16,593
20,020
4,962
6.416
1,324
7,826
16,142
452
380
23,181
355
11
3a
19,181
3,138
22,318
12
2,870
728
2,870
726
2,673
105
TOTAL RESOURCES EXPENDED
39,584
87,923
127,506
121,032
NET RESOURCES EXPENDED
BEFORE TRANSFERS
115,734
10,701
126,436
1,338
Th8 notes form part of these financial statements

CALVERTON MINERS, WELFARE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED
Desi
nated Unrestricted
Funds
Funds
Total
2024
Total
2023
Notes
NET RESOURCES EXPENDED
BEFORE TRANSFERS
115,734
10,701
126,436
1,338
Transfèrs be￿een Funds
NET RESOURCES EXPENDED
FOR THE YEAR
115,734
10,701
126,4S6
1,338
Gains/(Losses) on Sa18 of Assets:
NET MOVEMENT IN FUNDS
115,734
10,701
126,436
1,338
Fund Balances Brought Forward
at 1 January 2024
132,600
126,544
259,144
255,836
FUND BALANCES CARRIED
FORWARD AT 31 DECEMBER 2024
248,334
137,245
385,580
257,174
The notes fonn part of these f5nancial statements

CALVERTON
INE
LFARE TRUST
BALANCE SHEET AS AT 31 DECEMBER 2024
NOTES
2024
2023
FIXED A
SET
Tanglble Assets
196.770
211,655
196,770
211,655
CURRENT ASSETS..
Debtors
Cash at Bank and In Hand
Actlvity Group Account Balances
3,931
98,422
18,871
570
3,953
22,681
121,224
27,204
CREDITORS: Amounts falling due
wilhin one year
23,089
30,112
NET CURRENT LIABILITIES
98,135
2,908
TOTAL ASSETS LESS
CURRENT LIABILITIES
294,905
208,747
REDITORS: Amounts falllng due
after more than one year
125,516)
(31,350)
NET ASSETS
269,389
177,397
INCOME FUNDS
DESIGNATED FUNDS
D8signated Funds - P & L
Designated Funds - Deferred Grants
248,334
116,191}
132,600
{81.747
1&8
132,143
137,245
50,853
126,544
Unrestrlcted Funds
269.389
177,397
Approved by the Board of Trustees on
signed on its behalf by..
Trustee
The notes form part of these financlal statements

CALVERTON MINERS. WELFARE TRUST
NOTES TO
HE ACCOUNTS
FO
THE YEAR ENDED 31 DECEMBER 2024
OUNTING POLICIES
Accountln
Conventlon
The accounts have been prepared undar the hlsloric cost convèntion with Ihe exceptlon thal
inv&stments are valued 8t market value. The accounls are pr8pared In accordan¢a wlth appI[￿bla
accounting standards, the Charities SORP (2005) (Accounting and Reporting by Charities) and
comply with the Charilles Act 2011.
Tan
Ibl8 Flxèd Ass6ts- Unrestrlcled
Deprecialion is provided at the followlng annual ral88 in order lo write off each asset
over Its estimated useful life.
Club Building8
Othor Assols
OQ/o on cost
100/0 on reducing balance
Tan
ible FixDd Assets- Desi
nated Funds
Depreciation is provlded at the following annual rates in ord8r lo writg off each asset
Dvar 118 estimeted useful life.
Club Buildings
oth8r As8et8
50A on cost
Deferred Income
Grants fom the Malor Funders Inota 10) are recognisect in the Statement of Financial
Activitigs over the expecled life of designated fund assets.
Major grant income is deferredlutllised ovèr the antlcipated life of designated projects.
Th8 TnJste88 are of the opinion that the anlictpated life of lh8 current major project is 20 ye8rs
and Income from the Project will be utilised in tre Statement of Financial Actiiqlies over this
period.
General Incomo
Occupational Licenc8 income 5s includ8d in the Statement of Flnancial Activities as it
falls due. All other general incomé Is recognised on receipt.
Investmgnt Incorn8
Investment Income Is Included in the Statement of Flnancial Activities as receivablo.

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
ACTIV
TY GROUPS: SURPLUSI
DEFICIT
Surplus Balances:
Top Club Fund
Calverton Theatre Group
Ladies Darts
Cafverton Miners Welfare Memorial Fund
Colts Football Club
118
618
10,244
10,980
Less: Deficit Balances
Top Club Fund
Calverton Theatre Group
Colts Football Club
200
622
2,988
3,810
SURPLUS
DEFICIT
STATEMENT OF FINANCIAL
ACTIVITIES
(3,810)
10,980

CALVE
TON MINERS. WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
3. TANGIBLE FIXED ASSETS
CLUB AND RECREATION CENT
Unrestrlcted Dosl
nated Unrestrlcted Desi
nat&d
Land and
Lan
Fixtures & Flxtures
Bulldln
Bulldln
UT
Total
Cost
As at 1 January2024
Additions
Dlsposals
598,150
592,022
164,164
7,434
97,050 1.481,386
7,434
14
A6 at 31 Docember 2024
598.150
592,022
2Q1,598
97,050 1,488,820
umulat8d D8
roclatlon
As at 1 Janu3ry2024
Provided for year
Dlsposals
441,000
575,688
16,334
170,223
3,138
82,821
2,847
1,269,731
22,318
As at 31 Dec
er 2024
441.DOO
592,022
173,361
85.667 1,2g2.050
Net Book Values
31 December 2024
157.150
28,238
11,383
196,TTO
31 Decembér 2023
157,150
16,334
23,941
14,22g
211,655
The Buildlngs are valuad al historical cost and aro depreclated over a 20 ygar period (balng the estimat8 of the
8XP8Cted economic life of the Buildings). Howav8r the Land on which the Club Buildings stand is held
under a Lease with th6 fraeholder b8ing the Coal Induslry Sodal Welfar& Organisalion. The curr6nt Leas8 which
is with th8 Charity expires in 2122, The lease Gontains no Power to assign, sublet, part or Share the premlses
and as such the effectivè value of the Institute Buildings would be reduced to zero In the event of any winding up
Df the Charity.
In v16w of the above. the unrestricted18nd and bulldlngs are no longer depreciated as the effective value of those
assets is nil in the evont of anywinding up of the Charity This policy took effectfrom I January2022.
3a. IRRECOVERABLE VAT AND THE OPTION TO TAX
Prlor to 1 October 2023 the charity was subject lo the de-mlnimus rules In respect of VAT. As a result,
there was an a18m6nt of VAT (hat Could not be récovored on certain purchas6s made by the charity.
On 1 October 2023 thg charlty elected b opt to lax for VAT Sn rgspect of irs supplies of18nd.
This enables the charity to reclaim VAT on Its purchasas relating lo the supply of land on its premises.
In th8 CL¢rrent year irrecoverable vat has beèn accounted for In tha SOFA prior to the oplion to tax for VAT
belng granted by HMRC.

CALVERTON MINE
ELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DEBTORS
2023
Trade/Sundry Debtors
Pr8payments
Taxatlon and Social Security
3,220
711
570
3,931
570
CASH A
BAN
AND IN HAND
2023
Cash at Bank D8POSIt Account
Current Account
97,500
922
3,005
948
98,422
3,953
ACTIVITY GROUP ACCOUNT BALANCES
2024
Colls Football Club
Calverton Theatre Group
Calverton Miners Welfare Memorlal Fund
Calverton MW Ladies Darts
Top Club Fund
13.092
3,932
1,079
16,080
4.554
1,079
768
968
18,871
22,881

CALVERTON MINERS, WELFARE TRUST
NOTES TO THEACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CREDITORS
2024
2023
Amounts fallin
due wlth one
ear:
Trade CreditorslAccruals
Taxation and Social Security
Calverton Miners, Welfare Social Club Ltd - Loan Account
20,104
2,985
21,556
4,018
4,538
23,089
30,112
Amounts fallln
due after one
ar:
Carlsberg Marstons - LDan re Developmentlsigns
25,516
31,350
48,605
61.462
10

CALVERTON MINERS. WELFARE TRUST
OTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
DESIGNATED FUNDS
The Income fijnds aF the oharity include the followlng deslgn8ted funds which have been s8t asld& out of
unrestrictad funds by the Truste8slSub Section Committee8 for speclflc purposes or granted by major funding
bodies.During the year the major projact to develop the football fleldslchanging rooms continued a5 the concept
Df the constructlon of a 3G pitch became a realily and fundraising has begun lo achlev8 Ihls alm.
18 Very grateful to all the bodies who have granted funds to achSeve th6 upgrada of the Scheme's facilltl8s.
Balance
a8at
01.Jan.24
Revènu6
Utilisedl
eali8ed
Balanc8
asat
31-DO￿24
New
Gran
Sch8m8
Confrlb
Utlllsedl
Il$ed
Ground lfftprovem8nts
Football Stadia Improvemènt Fund
Release of Funds Clyr Surplus
WREN- PlayAr&a and S68ting
703
15,959
14,021
(703)
(60,4751
(44,516)
11,217
<2,804)
others
Sub Sections SurpluslD6ficit
Wolv6rhampton & Dudley (Loan)
Colts Football Club (5 year plsn)
22,681
14,953
2,390
(3.810}
15.811)
1479)
18,871
9,142
1,911
3G Pltch:
Fundraising - see Note 15
11,041
125,118
116.593}
119,566
81,747
125,118
{30.200)
(60,475)
116,191
DESIGNATED FUND ANALYSIS..
Deferred Income- kAalor Grants
General Deslgnaled Purposes
(116,1911
248,334
132,143
Major grant income is delerredlutilised ov8r th8 anticipated lif8 of the pmlect. The Trustees are of the oplnlon that
the anticipated Ilfe Df the buildings is 20 years. The income will be ￿leaSed over the 8nticipated life of the project.
UNRESTRICTED FUNDS
The unrgslricted funds include grants receiv&J In prgvious yèars froim the Coal Indu5ty Soclal Welfare
Organisation, Gedling Borough Council and Nottinghamshire County Council and St wi￿r1d8 Church. Calverton
totalling £166.566.
Durlng the year Ihg Trust received a grant from the Football Foundation from tho Pitch Maintenance Fund ot £4,950.
The grant 18 part of a 5 year Inlliatlve from tha Football Foundation and the payment relal@d to Year 3 of the plan.
A nDn-monet8ry grant of £5,000 was received from Howdens ¢on8lting of kitch6n units and appliances lo upgrad6
the kitchen and an amount of £2,500 was receiv8d from Towey8 Ltd.
Miscellaneous donations from the Top Club Fund and local beneficlaries lotalled £438.
10. TRUSTEES REMUNE
TION
The trustees received no reimbursement of expenditure or remuneration during the year, 61ther directly or
indirectly (2023 nil).
11. STAFF COSTS
2024
2023
Wag8s and Soclal sa(￿￿ty Cost5
23.181
21,121
Avorag& Number of Full Tlmo Employeas
11

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
ACCOUNTA
cyc
ST
2024
2023
Accountancy Setvices - J M Ellis
2,870
2,673
2,870
2,673
13.
ACTIVITY GROUP ACCOUNT PREPARATION
Accounts submitted by the follovwng activtty grDUPS of Calverton Mlners, Welfare Trust
are included in the accounts lo enable a hollstSc vlew of the charitable activities taktng
place at the Scheme but are independently examined by the charity's accountants.
The cash balances held by the sub seclions are included in the balance sheet for
same purpose.
The Current sub sections of the Gharily are as follows:
Colts Football Club
Calvertan Theatre Group
Calverton Miners Welfare Memorlal Fund
Calverton MW Ladies Darts
Top Club Fund
During 2020 and 2Q121 the Coivld19 pandemic seriously curtailed the activities of th8 charity's
sub-sections. The malorliy of sub-sactions were unable to operate during Ihe pandemic
and accounls have not been submittad In 2020 or 2021.
In 2022123 the sub-sectlons bagan to r@turn to normal operations and their accounts
reflect this.
12

CALVERTON MINERS, WELFARE TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FIXED ASSETS . ADDITIONS
BUILDINGSIEQUIP
ENT
14.
Fixtures and E
ment- Unrestricted..
krtchen k8nwood fridge
kitchen howdens grant units & appliances
kitchen general r8furbishment
kitchen modena twin tank fryer
kitchen chip scuttle warmer
- winmau 2 dartboards & surround
gardena leaf collector & blower
437
5,000
1,429
20Q
136
116
116
7,434
7,434
FIXED ASSETS . DISPOSALS
BUILDINGSIE
UIPMENT
NIL
13

CALVERTON MINERS WELFAR
TR
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15.
CALVERTON 3G PITCH PROJECT
2024
2023
Income
Calverton Colts:
- Walk to Wembley
Gift Aid Reclaim Walk to Wembley
- Colts Tournament
Bike Ride
4,036
627
3,315
2,818
2,500
Arnold Eagles:
fundraising pr8s8ntstion day
External Funders:
Calverton Parish Council
Gedling Borough Council
Thomas Farr Foundation
591
6,700
12,500
100,000
5,000
Bank Interest
Xmas Fundraiser
Gift Aid8d Donation
75
834
800
43
Total Income
125,118
14,721
Expenditure
Hopkins Sollcltors:
formally register freehold on12nd
for 3G pitch site
2,030
Keyfund:
arrangementfea part loanlpart grant
770
Tlger Turf UK Ltd:
plannlng submission
Gedling Borough Council planning fee
8,633
2,599
Salary Costs:
bld writing and co-ordination with
ralavant partners
3,825
1.650
Tournament Food BBQ
Xmas Fundraiser Raffle Tickets & Prizes
342
424
Total Expendfture
16,593
3,680
Surplus
108,525
11,041
Cumulative Balanca as at 31 December 2024:
Openlng Balance at 1 January 2024
Add: Incom8
11,041
125,118
Less.. Expenditu
(16,5931
Closing Balance at 31 De¢ember 2024
119,566
14

CALVERTON
INERS
ELF
E TRUST
COLTS FOOTBALL CLUB
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31 D
CEMBER 2024
INCOME
2024
2023
SubscrlptionslFlnaslSlgn on Faes
Tournament
Bank Int8rest,
DonationslGrants & Sponsorship
Vels Kit
Other Income
36,663
1,669
30,707
2,505
2,105
4,167
1,000
18,185
3,963
44,400
56,564
EXPENDIT
RE
Hlre of Pltch8s
Klt & Equipment
Lgagu8 Fees, Fines & Ref8rees
Social Ev8ntslFood
Banngrs, Adv8rts, App & Websitè
nsuranc8
Trophies & Awards
Training - Level 1
Treasurers Expenses
Donation to Maln Scheme 3G Pltch
Membershlp Calverton Mlners Welfare
General Expenses
24,020
8,670
8,583
2,967
271
350
2,278
250
22,492
9,956
5,147
1,959
66
1,781
150
330
300
3,619
1,450
52D
47.388
46,320
Surplusl{Deflcft) carrled forward
to general Statement of Flnancial
Activtties
2,988)
10,244
15

CALVERTON MINERS WELFARE TRUST
THEATRE GROUP
INCOPIIE AND EXPENDITURE ACCO
NT
FOR YEAR ENDED 31 DECEMBER 2024
24
2023
INCOME. PLAYS
Ticket Sales - PantoslPlays
1,478
581
ADDITIONAL INCOME
Charily Shr)p
RaffleslRefreshment sales
Donation - CORE (Fashlon Show)
Grant - Local Councillors
Grant - Parish Council
602
348
207
300
450
312
350
500
1.162
2,640
1,907
2.468
EXPEND5TURE
Hire of Village Hall etc- PlaylPanto
Room Hire - R6hgarsals
Costum85 & HirglProps
Other Costs
Set Bulld
Plays
Village Hall Storage & Storage Boxes
Printing - Posters & Tlck8ts
Insurance
2,409
80
101
72
140
1,211
60
72
12
77
100
162
156
100
198
162
3,262
1,850
Suplusl(D8flclt) carried forward
to general Statement of Flnanclal
Artivities
622
618
16

CALVERTON MINERS, WELFARE TRUST
LADIES DARTS
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME
Subscriptionslsavlngs
Raffle
405
500
33
98
905
131
EXPENDITURE
Competition F88S
Misc@Ilaneous - distrÉbuted
26
905
105
905
131
Surplusl(D8fTCit) carriad forward to
general Stalement of Flnanclal
A¢tivltles
17

LVERTON
NERS. WELFARE TR
CALVERTON MINERS WELFARE ME
RIAL F
ND
INCOME AND EXPENDITURE ACCOUNT
FOR YEAR ENDED 31 DECEMBER 2024
202
2023
INCOME
Bank Interest
EXPENDITU
None in Year
Surplusl{Deflclt) ￿rrIed forward to
general Statement ot Financial
Acttvities
No Movement in 2023 or 2024 Year
Monias held for Future Repairs
18

CALVERTON
INERS WELFARE TRUST
TOP CLUB
INCOME AND EXPENDITURE ACCOUNT
OR YEAR ENDED 31 DECEMBER 2024
2024
2023
INCOME
Bonflre Night - Fairground
and wristbands (net)
Fundraising - miscellaneous
Xmas Raffle
650
738
200
20
678
g38
EXPENDITURE
Charity Event Contributions
Christmas Party Donation
Bonfire Night Raffle
Miscellanéous Expenses
Six Chairs for Club
TabSes & Chairs for Club
Jukebox
Hedg8 Cutting Flat
Fundraising Stickies
Deposit Act Easter 2025 event
100
100
60
40
120
380
200
20
180
50
878
820
Surplusl{Deficit) carried forward
to general Statam8nt of Financial
Actlvltles
200
118
19

CALVERTON MINERS WELFARE TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDING 31 DECEMBER 2024
1. The Trustees present their report along with the financial statements of
the charity for the year ended 31 December 2024. The financial
statements have been prepared in accordance with the accounting
policies set out on page 6 and comply with the CharIt￿S Trust Deed
and appllcable law.
2. Constitution and Ob.
ects
The Charity Calverton Miners Welfare Trust, at Calverton in the County
of Nottinghamshire, regulated by a Scheme of the Charity
Cornmissioners made on 13th July 1983", and in the matter of the Coal
Industry Act 1987; and in the matter of the Charities Act 1960.
Registered Charity number 52226511.
1) The object of the charity is the provision of a welfare institute for
the benefit of the inhabitants (and but not exclusively, such of
the said inhabitants as are members of the mining community}
of the area of benefit wrthout distinction of political, religlous, or
other opinions with the object of Improving the conditions of life
for the said inhabitants,
2) The land to this scheme must be retained by the Trustees for
the use of their charity.
3) In so far as the land and buildings to this scheme, or other
assets of the charity, are not ￿qUIred for the said object in (1)
above then provided that the trustees shall have consulted and
obtained the agreement of the trustees of CISWO in advan￿,
the Trustees may use the CharIt￿S land and other assets for
such other purposes as are exclusively charitable at law for the
direct benefit of the inhabitants of the area of benefit.
In setting our objectives and planning our activities the Trustees have
considered the Charity Commission's general guidance on public benefit and
in particular to its impact on the beneficiaries of the Charity.
3. Or
anisation
The Trustees who have served during the year are detailed below: .
Mr D Wilson
Mrs J Swinscoe
Mr P Mapplebeck
Ms L Renshaw
Mrs A Kirkham
Mrs L Weetman
20

The Secretary to the Trustees, responsible for the day-to-day administration
of the charity is Mrs V A Corcoran, Calverton Miners Welfare, Hollinwood
Lane, Calverton, Notts NG14 6NR.
4. Revlew of the Develo
Charit
ment Activltles and Achlevements of the
Financlal U date & Polic
Review Brlef
Profit & Gift Aid: The Social Club recorded a profit of £19,666, which has
been passed to the Trust via Gift Aid
a £12,000 increase compared
to the previous year.
Occupational Licence Fee: established this year at £9600, below the
100/0 recommended in the 2021 Policy, due to the 2021 Policy being
tabled for review at the next Trustees meeting.
Future Projections: Tumover is expected to rise further following th8
completion of the 3G facility in 2025, which is anticipated to enhance
community engagemant and revenue-generating opportunities.
Financial commitments: Football Foundation Sinking Fund - £27,000 annually
commencing in 2025, representing a significant ongoing financial obligation.
An increase in pension contributions, NIC and NMW will create a further
financial strain, it is further anticipated that in 2025 there will be an increase in
staff and opening times, therefore, a full review of financial policies is planned
to ensure they remain fit for purpose in light of increased turnover, future
capital developments, and both short and long-term financial commitments.
Timeline & Funding
Start Date: January 2025
Expected Completion: July 2025
Funding Secured.,
£100,000 from the UK Government's Prosperity Fund, facilitated by
Fiona Hextall (Gedling Borough Council)
£100,000 - KeyFund working with Tom Bostock.
£50,000 - Calverton Parish Council
£15,000- Bemard Sunley Fund
£5,000- Thomas Farr
£670,000 Football Foundation
Unsuccessful applications included the FCC
Applications still in progress Sport England Movement Fund
Communication with CISWO has been flagged as an ongoing issue. The
Trustees are actively working to improve engagement and ensure alignment
with project requirements.
20

The Trustees are working with Muckle LLP to establish appropriate licensing
arrangements between the Trust, Company and Football Club. The Company
will act as the facilities operator, managing the pitches while the Trust retains
ultimate control of the site. The Company will receive all rental and hire fe8S
and gift aid surplus profits to the Trust annually. A sub-licence (with Trust
consent) will be granted to the Football Club, ensuring priority access to the
pitches for home fixtures. The legal costs have been offset by a grant from the
Football Foundation through the "Investment Ready" program.
The administration of the Charity contlnues to ensure income is higher than
expenditure; given the increase in utilities this is proving increasingly difficult,
however, the accounts show there is progress.
The Pitch Power Fund, from the Football Foundatlon, continues to support
essential maintenance to the existing pitches, which are overplayed due to
high demand. The Football Foundation have written into the grant funding for
grounds maintenance equipment including mowers and a tractor.
The Expression of Interest to the Eon Next programme has been successful
and we will undergo an audit of our building in 2025.
An application to Howden's to upgrade the kitchen was successful and our
brand new kitchen is now in operation.
Sub Sectlon Re
orts:
Colts F.C. The Colts are by far the biggest sub section of the Charity and
continue to support the Trustees in their drive to succeed with the 3G. The
recently formed Colts Fundraising Champions ran successful events including
a Christmas raffle, club presentation day and the annual toumament. The
Club Development Plan Includes the 3G project and the Colts Senior
Commtttee have worked with the Board to ensure the player pathway,
community engagement and the development of the Club Is reflected in the
Plan. This year sees the furth8r development of girls, football through the
Wildcats and Calverton now has a successful ladies team.
Theatre Grou
Another superb village group, the Theatre Group uses the
conservatory or function room to rehearse their excellent productions. Their
pantomime is supported by large number8 in the Community, they are
currently rehearsing for their production of Aladdin.
The To
Club Fund has been re-established and due to the amazing
volunteer support, the Club held their annual Fireworks Display in November
2024. Chris Bird who works as Bar Manager but sits as Chair on the Top Club
Fund retired in November 2024 but will continue with the Fund and intends to
do another Firework display in 2025.
Calverton MW Football School - The School continues to encourage the
growth of Calverton Colts by instigating the formation of a new Under 8s team
each year. Growth of new teams may be restricted unless the 3G project is
Suc￿sSfUl.
20

Ladies Darts has continued to be active in 2024 growing its memberships
and encouraging other darts players to take part in the recreational activities
at the charity,
5. Financial Review and Investment Polic
The charity had net incoming resources for the year of +£126,436 (2023
+£1,338). Gross incoming resources increased by +£131,572 in the year. The
occupational licence fee decreased by £3,010 to £9,600 which resulted in
increased gift aid belng paid from the company as less was paid over to the
charity in the form of occupational licencé. As reported earlier the Trustees
are reviewing the current policies of the charity In view of the projected
income that will be generated once the 3G pitch becomes operational. The
company's aim to retum to profitability continues and the surplus for 2024
demonstrates commitment by all staff to that goal. Gift aid of +£19,666 was
gifted to the charity in the current year based on these profits. The percentage
of occupational licence fee paid to the charity was 7 % and exceeds the
CISWO policy of an occupational licence fee equating to 6 % of turnover and
Is a good indicator of the improvement in the company's finan￿S. Other
income streams increased by +£122,634. The main cause of the increase in
total incoming resources was the receipt of restricted funds for the 3G pitch
project due to commence in 2025. Major restricted grants received in
anticipation of the commencement of the 3G project included £100,000 from
Gedling Borough Council, £12,500 from Calverton Parish Council (part of the
£50,000 promised) and £5,000 from the Thomas Farr Foundation (see Note
15 of the annual accounts). The charity opted to tax Its supplies of land for
VAT purposes on 1 October 2023 In order to b8 able to recover input tax for
the impending 3G pitch construction. Prior to this decision being made the
charity 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 decision to opt to tax has
affected income streams as VAT is now payable on all supplies of land.
However, the pricing policy agreed with the chan'ty's users in 2023 to slowly
increase prices to recover the additional Gosts of VAT has had a positive
effect on 2024 income.
If we exclude the restricted funds surplus of £115,734 th& unrestricted funds
of the charity retumed a surplus of +£10,701 {2023 -£11 ,004). The income
streams reported in the 2024 accounts demonstrate the success of the
Trustees long term policy of making full use of the charity's facilities for the
community. Overall, the charity's incoming resources totalled +£253,942
(2023 +£122,370).
Expenditure rose during the year by +6,474 (2023 +£11,449) to £127,506.
Many of the charity's costs remained constant or inGreased with inflation in the
year- Viv Corcoran, the Secretary to the Scheme is tasked by the Trustees to
constantly monitor costs and identify cost savings which she continues to do
with vigour and great success. Expenditure on the 3G project increased to
£18,593 (+£12,913) as planning permission was sought and a loanlgrant was
agreed with Keyfund to support the proj6Ct and staff costs moving forward
after the 3G pitch construction. Other 3G project costs included staff Gosts as
20

co-ordination of the project and its finances became more involved as the
project came to fruition and fundraising expenditure also increased (see Note
15 to the annual accounts). Depreciation costs fell as the designated land and
buildings were fully written off in the year (-£13,267) in accordance with the
charity's depreciation policy (se6 Note 1 to the annual accounts). Light and
heat GQSts rose by +£3,089 as statutory price Increases were applied by the
utility companies outside the agreed contracts. Expenditure increases were
offset by the removal of irrecoverable vat -£6,576 following the option to tax in
2023. Other costs remained within the parameters expected by the Trustees.
Overall, the charity's outgoing resources totalled +£127,506 (2023
+£121,032).
Total fund balances Increased by +£91,992 (2023 -£14,519) to £269,389 as at
31 December 2024. The increase in the value of the total funds of the charity
mainly reflects the increase in the value of designated funds +£81,290. The
designated fund now includes the play area funding received in 2022, the 3G
pitch fundraising and the sub-sections cashlbank balances at year end
please see Note 8 to the accounts for further analysis.
Fixed assets. although decreaslng following depreciation charges, included
an amount of +£7,434 in respect of capitsl additions. The Trustees are very
pleased to report that the refurbishmant of the kitchen was completed in
November 2024 and the new kitchen franchise - the Pitch Side Cafe - is
operating from the newly refurbished kitchen. The total cost of refurbtshment
including the value of a non-monetary grant from Howdens of £5,000 was
£7,202. Again, most of the work completed on the fitting of the kitchen was
completed by the charity's amazing team of volunteers who carried out most
of the labour element of the works in their own time. The Trustees are
indebted to the volunteers who gave their time and inspiration to update the
charity's premises - the building looks fantastic after the work done - again
thank you. Other capitsl assets purchased in 2024 included 2 dartboards and
surround +£116 and a leaf colleGtorlblower +£116.
other elements of the balance sheat included an increase in debtors of
+£3,361 following an increase trade debtors at year end and cash and bank
balances increased following the receipt of funding for the 3G pitch not spent
until 2025 +£94,469. Total creditors fell by-£12,857 caused mainly by a
decrease in the brewery loan following re-negotiation by Mrs Corcoran to a
much more favourable rate of repayment -£5,834 and movement of the
interfund balance with the company to a trade debtor rather than credltor.
Statement of Investment Prlnciples
The Trustees Investment is managed by JP Morgan Fleming Asset
Management (UK) Ltd, provides for a balanced return from income and
capital grDWth"
20

Investment Prlnciples
1. The Trustees have appointed J.P. Morgan Flemlng Asset Management
to manage the assets of the Charity in accordance with the principles
set out in this statement and within the guidelines set down from time
to time by the Trustees.
2, The Trustees will monitor the perfomance of the investment manager
against the stated Performance Objective. Performance reports and
valuations will be obtained quarterly. Attendance by the Manager at
client meetings is by client request.
3. The Trustees do not impose any restrictions whether in respect of
ethical social or environmental matters, or voting policy or otherwise,
believing that this course is in the best interests of the objectives of the
Funds.
Investment Objectives
4. The Objective of the Trustees through the Fledgling UK Equity Fund is
to provide the Chan'ty with growth in capital and income from a
diversified portfolio of UK equity shares, with the aim of preserving the
real purchasing power of the capital and income over the longer term.
5. All Funds are to b& managed on a dlscretionary basis.
Although the investments held by JP Morgan Fleming wer8 sold in 2009 any
future surpluses would be invested with the company.
6. Reserves Pollc
The free reserves of the Gharity (excluding fixed assets) comprised the
unrestricted reserves. On 31 December 2024 the free reserves of these funds
were -£53,748 (2023 -£56,939). The Trustees are consGiOUS that the annual
cost of maintaining the Scheme may be greater than the income generated by
the fund and any free reserves of the charity will be utilised to cover the
expected annual shortfall if necessary. In addition, the Trustees are conscious
that there will be a significant beneficiary population for many years hence
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 th.at although
free reserves are in a negative position temporarily the anticipated incomes
from the activities of the Scheme will be sufficient to enable them to meet that
commitment to the 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.
20

7. Risk Mana
ement
The Trustees have examined the major strategic, business, and operational
risks which the charfty faces and confimi that systems have been established
to enable regular reports to be produced so that the necessary steps can be
taken to lessen these risks.
8. Trustees. Res
onslbllitles In relation to the Flnancial Statements.
Law applicable to charities In England and Wales required the Trustees to
prepare financial statements for each financial year which glve a true and fair
view of the charity and of the incoming resources and application of resources
of the charity for that period. In prepanng those financial statements, 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
business.
The Trustees are responsible for keeping accounting records which disclose
with reasonable accuracy at any time the financial position of the charity and
enable them 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 Trustees and signed on their behalf by:
Signature (Trustee)..
Full Name
Date:
SCArJ bJiLgod
lo.ID If
20