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2020-12-31-accounts

Florence Colliery Social Welfare Centre

Charity No. 522769

Trustees' Report and Unaudited Accounts

31 December 2020

Florence Colliery Social Welfare Centre Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash flows 18
Notes to the Accounts 9 to 17
Detailed Statement of Financial Activities 19 to 21

Page 1

Florence Colliery Social Welfare Centre Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2020.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 522769

Principal Office

Lightwood Road Longton Stoke on Trent Staffordshire ST3 4JS

Trustees

The following Trustees served during the year:

P.W. Bailey (Chairman) K.C. Kelly P.T. Sherratt

Key Management Personnel

Secretary P T Sherratt Treasurer M A Cooper

Accountants

Burnt Orange Accounting Ltd Trent House 234 Victoria Road Fenton Stoke on Trent ST4 2LW

Bankers

Barclays Bank Plc Potteries Business Centre Town Road Hanley Stoke on Trent ST1 2PJ

OBJECTIVES AND ACTIVITIES

The charity is constituted by a Scheme dated 24 February 2005 and was registered with the Charity Commission on 28 June 1962 with the number 522769.

Its objects are to provide a recreation ground and institute for the benefit of the inhabitants of the surrounding area, particularly (but not exclusively) those who are members of the mining community. The Trustees have referred to the Charity Commission guidance on public benefit when reviewing the charity's aims, objectives and activities.

Page 2

Florence Colliery Social Welfare Centre Trustees Annual Report

2020, with its local and national restrictions in the wake of the ongoing Covid pandemic, was of course a difficult year for the charity, both in terms of finances and the ability to promote charitable activity. The site was open “as normal” for only three months of the year or thereabouts and the charity initially performed well, but following furlough would have been in serious financial difficulties, despite having limited reserves, had it not been for the government's furlough scheme and business support grants. All staff were furloughed from March 2020 and in part due to uncertainty as to whether the scheme was being extended, the Trustees reluctantly terminated the employment of ten members of staff in October 2020, and our groundsman sadly resigned around the same time, leaving just two employees who, in the event, remained on furlough to the end of the year.

The Trustees wish to record their thanks for all the volunteer effort generously given by many individuals during the year, to keep the grounds neat and tidy and the property in a state where it could be re-opened as soon as circumstances permitted.

This applied especially in relation to the maintenance of the sports pitches and surrounding areas, with the assistance of the team from Loxley Hall School, as referred to below.

Bearing in mind the Charity Commission guidance on public benefit, the charity did its best in difficult circumstances to continue to have links with local community groups, schools and other organisations. The Trustees continued their relationship with Belgrave Academy, when it was open, providing use of the charity’s facilities for sporting activities and the continued use of land adopted for an allotment, which has proved to be extremely successful and popular with the pupils.

Work with other charities and fundraising groups in the community, was severely curtailed after March 2020. The Trustees were able, with the assistance of two small grants from the FA, to keep the pitches ready for use during the season, but relatively little use was made of them during the year.

Likewise with the MUGA facilities. However, after the near collapse of football at Florence by the end of the 2019/20 season, when the senior team and many of the other teams left, the football section was able to recover by the end of the year, to present ten teams playing in the junior age groups, and a ladies team.

ACHIEVEMENTS AND PERFORMANCE

The Trustees are pleased to report an expansion of the collaboration which they have had for nearly 12 years with Loxley Hall special needs school in Uttoxeter. Due to issues with the other sites in the County which the school visited, it was mutually agreed to expand their presence at Florence to a full five days per week, training young students in grounds maintenance techniques when weather permitted.

This has in the past been extremely positive for both the school and the charity and has helped a number of students gain a recognised qualification, whilst maintaining the grounds to a very high standard.

The Trustees have made the former steward's flat at Florence available to the Loxley team, so that they have toilet, kitchen, welfare and classroom facilities available, especially in inclement weather.

The charity's provision of opportunities for local people to participate in various activities including classes in line dancing, tap dancing and sequence dancing, etc, as reported in previous years, effectively ended in March 2020. Similarly, the big outdoor functions such as Stoke-on-Trent scooter club weekend or the North Staffordshire motorbike club annual rally, ended up being cancelled.

The good news was that demand for the charity's function services showed no sign of abating, if enquiries are anything to go by, even though for most of the year we were unable to meet that demand. However, it augurs well for reopening in 2021.

Despite the challenges of 2020, Florence Colliery Social Welfare Centre will continue in its endeavours to meet the aims and objectives of the charity and promote its facilities for the benefit of the local communities and surrounding areas.

FINANCIAL REVIEW

Page 3

Florence Colliery Social Welfare Centre Trustees Annual Report

The charity showed a deficit of £57,402 for the year from the day to day running of the Centre as opposed to a deficit of £52,288 in the previous year.

There has been a significant reduction in revenue during the year, due to the Covid pandemic.

Costs have been controlled in line with reduction in revenue and that depreciation charges remain high, the Trustees are satisfied with this result.

There is no investment policy as such in place although the trustees retain the previously reported savings account with Hampshire Bank. The Trustees also took advantage of the government's “Bounce Back Loan” Scheme, to borrow £50,000 at an advantageous rate of interest and provide a “buffer” to allow time for business and hirings to build back up when the charity eventually re-opens its premises fully.

It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity at a level to provide sufficient funds to cover anticipated administration and support costs for a period of 12 months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises. Unsurprisingly, this policy was severely tested in the early months of lockdown from March 2020, until government grants became available, but the charity has at all times remained solvent, even if only just at times.

The Trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any adverse impact they may have on the charity. The major risks facing the charity are the continued success of the bar trading activities 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. Again, this policy has been tested by lockdown in 2020, but the year has ended in practical terms with the charity holding its head above water.

PLANS FOR FUTURE PERIODS

Looking to the year ahead, and having lost the lucrative Christmas rush, we hope that lockdown will not last too long into 2021, though traditionally, the weeks after Christmas and New Year have often been quiet, anyway. The issue will be how quickly people feel confident enough to return to indoor functions and what restrictions continue to be imposed. We have plans to expand school use of the outdoor facilities, bringing in other schools (perhaps for inter-school competitions) and making facilities available for new types of sport (cross country, long jump, high jump etc).

We also hope to overhaul and streamline our grounds maintenance operation in collaboration with the volunteers from Loxley Hall School, whilst supporting the football section in its efforts to build back teams from its near collapse earlier in the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees who have served the charity during the year have been specified elsewhere. The Trustees are responsible for ensuring that the charity runs smoothly and that any problems are dealt with without delay. The Trustee board is made up of equal numbers appointed by each nominating body (Coal Industry Social Welfare Organisation and National Union of Mineworkers), with provision for additional Trustees to be appointed by ”affiliated organisations” as defined in the charity’s Scheme.

Florence was the only miners’ welfare organisation in Britain which we are aware of, which actually celebrated the Centenary of the Miners’ Welfare Act 1920, which marked the beginning of statutory provision for miners’ welfare, with a levy of a penny a ton on coal mining royalties and the establishment of the Miners’ Welfare Commission. With the site being closed, this was confined to a poster on the roadside, explaining the significance of the occasion.

Page 4

Florence Colliery Social Welfare Centre Trustees Annual Report

It is a matter of regret that our parent body, CISWO, did not see fit to recognise or mark this major anniversary in any way - and indeed, has actually removed all historical information from its website, giving the misleading impression that its origins date back only to 1995. Similarly, it was understood that CISWO’s former CEO had been offered a financial deal on retirement 4 years ago, to obtain a PhD from Sheffield University by producing a history of miners’ welfare in time for the Centenary, but nothing further has been heard about that since.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

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 financial statements giving a true and fair view, the Trustees should follow best practice and

Signed on behalf of the charity's trustees

P.W. Bailey (Chairman) Trustee 31 December 2020

Page 5

Florence Colliery Social Welfare Centre Independent Examiners Report

Independent Examiner's Report to the trustees of Florence Colliery Social Welfare Centre

I report to the trustees on my examination of the accounts of Florence Colliery Social Welfare Centre for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's 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)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can 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:

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 understanding of the accounts to be reached.

Burnt Orange Accounting Ltd Trent House 234 Victoria Road Fenton Stoke on Trent ST4 2LW 31 December 2020

Page 6

Florence Colliery Social Welfare Centre Statement of Financial Activities

for the year ended 31 December 2020

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Other
6
Total
Expenditure on:
Raising funds
7
Charitable activities
8
Other
9
Total
Net gains on investments
Net expenditure
10
Transfers between funds
Net expenditure before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricte
d funds
2020
£
752
5,158
47,758
31,628		 Total funds
2020
£
752
5,158
47,758
31,628		 Total funds
2019
£
1,415
9,260
209,463
-
85,296
50,939
2,662
88,977		 85,296
50,939
2,662
88,977		 220,138
152,737
16,341
103,348
142,578
-		 142,578
-		 272,426
-
(57,282)
1		 (57,282)
1		 (52,288)
-
(57,281) (57,281) (52,288)
(57,281)
433,994		 (57,281)
433,994		 (52,288)
486,282
376,713 376,713 433,994

Page 7

Florence Colliery Social Welfare Centre Balance Sheet

at 31 December 2020

Charity No. 522769
Fixed assets
Tangible assets
12
Current assets
Stocks
13
Debtors
14
Cash at bank and in hand
Creditors:Amount falling due within one year
15
Net current assets
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
16
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
17
Unrestricted funds
17
General funds
Designated funds
Reserves
17
Total funds		 2020
£
347,909
347,909
7,141
15,234
78,713
101,088
(6,751)
94,337
442,246
(65,533)
376,713
376,713
364,911
11,802
376,713
376,713		 2019
£
405,383
405,383
11,666
17,913
41,822
71,401
(23,642)
47,759
453,142
(19,148)
433,994
433,994
426,659
7,335
433,994
433,994

Approved by the trustees on 31 December 2020

And signed on their behalf by:

P.W. Bailey (Chairman) Trustee 31 December 2020

Page 8

Florence Colliery Social Welfare Centre Notes to the Accounts

for the year ended 31 December 2020

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

Florence Colliery Social Welfare Centre Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

useful life:
Leasehold property 2.5% reducing balance
Changing Rooms & Astroturf
Facility		 5% straight line
Fixtures, Furniture &
Equipment		 20% straight line
Stand & Recreational
Equipment		 50%, 20% or 5% straight line

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Page 10

Florence Colliery Social Welfare Centre Notes to the Accounts

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 11

Florence Colliery Social Welfare Centre Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations
4
Income from charitable activities
Sectionals - Designated
Funds		 Unrestricted
funds
2019
£
1,415
9,260
209,463
220,138
152,737
16,341
98,652
267,730
(47,592)
(47,592)
(47,592)
480,804
433,213
Unrestricted
£
752
752
Unrestricted
£
5,158
5,158		 Restricted
funds
2019
£
-
-
-
-
-
-
4,697
4,697
(4,697)
(4,697)
(4,697)
5,478
782
Total
2020
£
752
752
Total
2020
£
5,158
5,158		 Total funds
2019
£
1,415
9,260
209,463
220,138
152,737
16,341
103,348
272,426
(52,288)
(52,288)
(52,288)
486,282
433,994
Total
2019
£
1,415
1,415
Total
2019
£
9,260
9,260

Page 12

Florence Colliery Social Welfare Centre Notes to the Accounts

5
Income from other trading activities
Funds generated from
commercial operations
Social activities
Interest receivable
6
Other income
Grants
7
Expenditure on raising funds
Costs of generating voluntary
income
Donations
Fundraising trading costs
Funds generated from
commercial operations
Social activities
8
Expenditure on charitable activities
Expenditure on charitable
activities
Sectionals - Designated
Funds
Governance costs
Staff Costs
Secretary's Expenses		 Unrestricted
£
40,203
7,529
26
47,758
Unrestricted
£
31,628
31,628		 Total
2020
£
40,203
7,529
26
47,758
Total
2020
£
31,628
31,628		 Total
2019
£
172,289
37,111
63
209,463
Total
2019
£
-
-
Unrestricted
£
20
50,258
661
50,939
Unrestricted
£
227
1,216
1,219
2,662		 Total
2020
£
20
50,258
661
50,939
Total
2020
£
227
1,216
1,219
2,662		 Total
2019
£
210
150,265
2,262
152,737
Total
2019
£
2,173
11,956
2,212
16,341

Page 13

Florence Colliery Social Welfare Centre Notes to the Accounts

9 Other expenditure

Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 Net expenditure before transfers
This is stated after charging:
Depreciation of owned fixed assets
11 Staff costs
Salaries and wages
No employee received emoluments in excess
12 Tangible fixed assets
Land and
buildings
£
Cost or revaluation
At 1 January 2020
298,821
Additions
-
At 31 December 2020
298,821
Depreciation and
impairment
At 1 January 2020
122,182
Depreciation charge for the
year
4,416
At 31 December 2020
126,598
Net book values
At 31 December 2020
172,223
At 31 December 2019
176,639		 of £60,000. Unrestricted
£
1,259
79
13,716
58,347
9,332
6,244
88,977
2020
£
58,347
1,259
1,259		 Total
2020
£
1,259
79
13,716
58,347
9,332
6,244
88,977
Stand &
Recreational
Equipment
£
99,380
-
99,380
71,645
14,543
86,188
13,192
27,735		 Total
2019
£
5,544
-
29,236
59,066
7,266
2,236
103,348
2019
£
59,531
4,863
4,863
Total
£
1,211,014
873
Changing
Rooms &
Astroturf
Facility		 Fixtures,
Furniture &
Equipment
£
658,651
-
658,651
487,942
32,933
520,875
137,776
170,709		 £
154,162
873
155,035
123,862
6,455
130,317
24,718
30,300
1,211,887
805,631
58,347
863,978
347,909
405,383

Page 14

Florence Colliery Social Welfare Centre Notes to the Accounts

13 Stocks

Raw materials and consumables
Carrying value analysed by activities
Funds generated from commercial
operations
14 Debtors
Trade debtors
VAT recoverable
Other debtors
Prepayments and accrued income
15 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals and deferred income		 2020
£
7,141
7,141
2020
£
7,141
7,141
2020
£
-
440
10,000
4,794
15,234
2020
£
3,859
279
-
2,613
6,751		 2019
£
11,666
11,666
2019
£
11,666
11,666
2019
£
4,733
-
10,000
3,180
17,913
2019
£
13,977
3,117
191
6,357
23,642
16 Creditors:
amounts falling due after more than one year
Other loans		 2020
£
65,533
65,533		 2019
£
19,148
19,148

Page 15

Florence Colliery Social Welfare Centre Notes to the Accounts

17 Movement in funds

Resources
expended
£
(134,084)
(3,966)
(2,608)
-
-
(140)
(1,259)
(521)
(8,494)
(142,578)		 Gross
transfers
£
3,958
(2,598)
(349)
-
(1,010)
-
-
-
(3,957)
1		 At 31
December
2020
£
364,911
(962)
6,136
1,019
-
2,613
3,188
(193)
11,802
376,713
Bowling Club
Football Club
Brass Band
Dance & Entertainment
Room Hire
Pitch Hire
Other
18 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions		 Unrestricted
funds
£
347,909
95,187
(65,533)
377,563		 Restricted
funds
£
-
(850)
-
(850)		 Total
£
347,909
94,337
(65,533)
376,713

Page 16

Florence Colliery Social Welfare Centre Notes to the Accounts

19 Reconciliation of net debt

19 Reconciliation of net debt
Cash and cash equivalents
Borrowings
Net debt		 At 1 January
2020
£		 Cash flows
£		 At 31
December
2020
£
41,822 36,891 78,713
41,822
(19,148)		 36,891 78,713
(65,533)
(46,385)
(19,148)
22,674		 (46,385)
(9,494)		 (65,533)
13,180

Page 17

Florence Colliery Social Welfare Centre Statement of Cash flows for the year ended 31 December 2020

Cash flows from operating activities
Net expenditure per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Profit on disposal of tangible fixed assets
Dividends, interest and rents from investments
Other gains/losses
Decrease/(Increase) in stocks
Decrease/(Increase) in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash from/(used in) financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2020
£
(57,281)
58,347
-
(31,628)
-
4,525
2,679
(16,891)
(40,249)
(873)
31,628
30,755
46,385
46,385
36,891
41,822
78,713		 2019
£
(52,288)
59,531
(465)
-
-
(775)
(6,141)
7,686
7,548
(19,926)
-
(14,244)
(4,202)
(4,202)
(10,898)
52,720
41,822
Components of cash and cash equivalents
Cash and bank balances 78,713 41,822
78,713 41,822

Page 18

Florence Colliery Social Welfare Centre Detailed Statement of Financial Activities

for the year ended 31 December 2020

Income and endowments from:
Donations and legacies
Donations
Charitable activities
Sectionals - Designated Funds
Other trading activities
Funds generated from
commercial operations
Social activities
Interest receivable
Other
Grants
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Donations
Costs of other trading activities
Funds generated from
commercial operations
Social activities
Total of expenditure on raising
funds
Charitable activities
Sectionals - Designated Funds
Governance costs
Staff Costs
Secretary's Expenses
Total of expenditure on charitable
activities		 Unrestricted
funds
2020
£
752
752
5,158
5,158
40,203
7,529
26
47,758
31,628
31,628
85,296
20
20
50,258
661
50,919
50,939
227
227
1,216
1,219
2,435
2,662		 Total funds
2020
£
752
752
5,158
5,158
40,203
7,529
26
47,758
31,628
31,628
85,296
20
20
50,258
661
50,919
50,939
227
227
1,216
1,219
2,435
2,662		 Total funds
2019
£
1,415
1,415
9,260
9,260
172,289
37,111
63
209,463
-
-
220,138
210
210
150,265
2,262
152,527
152,737
2,173
2,173
11,956
2,212
14,168
16,341

Page 19

Florence Colliery Social Welfare Centre Detailed Statement of Financial Activities

Employee costs
Salaries/wages
Staff entertainment
Motor and travel costs
Travel and subsistence
Premises costs
Rent
Rates
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings
Depreciation of Changing Rooms
& Astroturf Facility
Depreciation of Fixtures,
Furniture & Equipment
Depreciation of Stand &
Recreational Equipment
Loss on disposal of tangible fixed
assets
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net expenditure		 1,259
-
1,259
79
79
67
2,977
-
10,672
-
13,716
4,416
32,933
6,455
14,543
-
204
5,718
23
324
245
465
1,743
610
67,679
6,244
6,244
88,977
142,578
-
(57,282)		 1,259
-
1,259
79
79
67
2,977
-
10,672
-
13,716
4,416
32,933
6,455
14,543
-
204
5,718
23
324
245
465
1,743
610
67,679
6,244
6,244
88,977
142,578
-
(57,282)		 4,863
681
5,544
-
-
89
4,735
5,515
13,965
4,932
29,236
4,475
32,926
6,382
15,748
(465)
615
-
89
293
776
1,188
3,520
785
66,332
2,236
2,236
103,348
272,426
-
(52,288)

Page 20

Florence Colliery Social Welfare Centre Detailed Statement of Financial Activities

Florence Colliery Social Welfare Centre
Detailed Statement of Financial Activities
Transfers between funds
Net expenditure before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1
(57,281)
-
(57,281)
433,994
376,713		 1
(57,281)
-
(57,281)
433,994
376,713		 -
(52,288)
-
(52,288)
486,282
433,994

Page 21