## **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: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the accounts do not accord with those records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper 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** - 1 **Accounting policies** ## **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** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. 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** - Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. - Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. - Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. - Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. - Other expenditure These are support costs not allocated to a particular activity. ## **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