| Trustees' Report |
||
|---|---|---|
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Reconciliation ofFunds |
Statement | |
| Notes to the Accounts | 6-10 | |
| Legal and Administrative | Details |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Fund | Fund | Funds | Funds | |||
| f | ||||||
| RESOURCES ARISING | ||||||
| Svvallovvnest Miners Welfare |
Social | |||||
| Club Limited (Note 3) | 16,321 | 0 | 16,321 | 17,913 | ||
| Snooker, subs and room hire | 7,507 | 0 | 7,507 | 3,527 | ||
| Ground income |
12,540 | 0 | 12,540 | 10,450 | ||
| Option fee | 12,000 | 0 | 12,000 | 0 | ||
| Deposit and investment | income | 104 | 1,032 | 1,136 | 919 | |
| GROSS RESOURCES | ||||||
| ARISING IN YEAR | 48472 | 1032 | 49 504 | 32809 | ||
| RESOURCES USED | ||||||
| Direct Charitable Expenditure |
(note 4) | 21,363 | 1,175 | 22,538 | 19,767 | |
| Governance (note 5) |
1,781 | 0 | 1,781 | 1,699 | ||
| RESOURCES USED IN | YEAR | 23 144 | 1 175 | 24319 | 21 466 | |
| CHANGES IN RESOURCES |
||||||
| BEFORETRANSFERS AND | ||||||
| VALUATIONS | 25,328 | -143 | 25,185 | 11,343 | ||
| Transfers | 0 | 0 | 0 | |||
| Net Investment Gain/(Loss) |
-4,009 | -4,009 | 2,618 | |||
| NET MOVEMENT IN |
||||||
| RESOURCES IN YEAR | 25328 | 4152 | 21176 | 13961 |
| F.Endow- | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | ment | Restricted | Total | Total | ||
| Fund | Fund | Fund | Funds | Funds | ||
| Balance brought forward |
||||||
| 1 January 2022 |
77,143 | 2,241 | 80,164 | 159,548 | 145,587 | |
| Net movement | ofresources | |||||
| in year | 25,328 | 0 | -4,152 | 21,176 | 13,961 | |
| Balance carried forward | ||||||
| 31December | 2022 | 102,471 | 2,241 | 78.012 | 180724 | 158,548 |
| Represented | by | |||||
| Tangible fixed | assets | 125,128 | 2,241 | 10,572 | 137,941 | 141,041 |
| Investments | 0 | 0 | 38,197 | 38,197 | 41,174 | |
| Debtors | 0 | 0 | 0 | 0 | 0 | |
| Cash at bank | and in hand | 22,899 | 0 | 27,243 | 50,142 | 52,462 |
| Current liabilities |
-45,556 | 0 | 0 | -45,556 | -69,129 | |
| Long term liabilities: Loans | 0 | 0 | 0 | 0 | -6,000 | |
| Total net assets | ||||||
| 31 December | 2022 | 102,471 | 2,241 | 76,012 | 180,724 | 159,548 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| 3. | INCOINE FROM | SWALLOWNEST | MINERS | |||||
| WELFARE SOCIAL CLUB LIMITED | ||||||||
| Occupational Licence |
3,000 | 3,000 | ||||||
| Deed of Gift-Aid | 13,321 | 14,913 | ||||||
| 16,321 | 17,913 | |||||||
| 2022 | 2021 | |||||||
| 4. | DIRECT CHARITABLE | EXPENDITURE | ||||||
| Institute overhead | expenses | |||||||
| General repairs and maintenance | -grounds | and buildings | 5,281 | 7,213 | ||||
| General rates and | water | charges | 4,928 | 3,268 | ||||
| Insurance | 5,209 | 4,866 | ||||||
| 15,418 | 15,347 | |||||||
| Social and recreational | ||||||||
| Children christmas |
party, | Indoor | games and | Pigeon Club | 618 | |||
| Other | ||||||||
| Legal fees | 2,107 | 0 | ||||||
| Depreciation | 4,395 | 4,420 | ||||||
| 6,502 | 4,420 | |||||||
| Total Direct Charitable | Expenditure | 22,538 | 19,767 | |||||
| 2022 | 2021 | |||||||
| 5. | GOVERNANCE COSTS | F | ||||||
| Bank interest and | charges | 61 | 49 | |||||
| Bookeeping and accountancy |
1,202 | 1,151 | ||||||
| Accountancy fees |
written | back | 0 | 0 | ||||
| Independent Examination |
by CISWO | 518 | 499 | |||||
| Total Management | and | Administration | 1,781 | 1,699 |
| 6. | INVESTIIENTS | ||||
|---|---|---|---|---|---|
| Old Mutual Portfolio |
f | ||||
| Market Value b/f as at 1 | January | 2022 | 41,174 | ||
| Add: Net Income reinvested in portfolio after charges |
1,032 | ||||
| Add:Capital sums added |
to portfolio | 0 | |||
| 42,206 | |||||
| Less: Capital sums withdrawn from porffolio |
0 | ||||
| 42,206 | |||||
| Market value of portfolio | as at 31 | December 2022 | 38,197 | ||
| Unrealised losses for the year ended 31st December 2022 |
-4,009 | ||||
| 2022 | 2021 | ||||
| 7. | CREDITORS | f | f | ||
| Due within one year | |||||
| -Other accruals | 1,720 | 2,125 | |||
| -Ground rentals paid in |
advance | 1,100 | 4,100 | ||
| -Yorkshire Miners Welfare Trust |
Loan | 6,000 | 7,200 | ||
| -Other creditors | 2,606 | 0 | |||
| -Amount due to Swallownest Miners Welfare Social Club Ltd |
34,130 | 55,704 | |||
| 45,556 | 69,129 | ||||
| Due over one year: | |||||
| -Yorkshire Miners Welfare Trust |
Loan | 0 | 0000 | ||
| 8. | FUNDS | ||||
| 1)Endowment Fund |
|||||
| The functional endowment |
ofthe Scheme is as follows: | ||||
| Original Functional Endowments: |
2,350 | ||||
| Conveyance dated 5 November |
1928 | ||||
| Addition re Part Proceeds |
ofSale | of Land: | |||
| Conveyance dated 11 |
October | 1972 | 1,200 | ||
| Agreed expenditure by |
Charity | ||||
| Commissioners on Car Park |
12April 1973 | -900 | |||
| 300 | |||||
| Released to unrestricted | funds on | expiry ofendowment | -300 | ||
| 2,350 | |||||
| Less: historic cost ofland | sold in 19S3 | -109 | |||
| 2 241 |
| 2) Restricted Fund |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Safe of functional endowment |
||||||||||
| Addition re Sale of Land: |
||||||||||
| Sale of2,000sq. meters ofLand to Sheffield | Diocesan | Board of | ||||||||
| Finance (to build a Church) Conveyance | dated 30April | 1993 | 90000 | |||||||
| Add: Net Investment Realised gain on Sterling |
||||||||||
| porffolio (including income reinvested on |
accumulation | basis), | 29485 | |||||||
| Add: Investment Gains on Old Mutual/Quilter |
Portfolio up | to 2021 | 19586 | |||||||
| 139071 | ||||||||||
| Less: Expenditure in prior years approved |
by CISWO out | ofrestricted | fund | |||||||
| Repairs and maintenance | -39373 | |||||||||
| Depreciation on capital assets |
acquired | through | resticted | fund | -19534 | |||||
| Value ofrestricted fund as at 1stJanuary 2020 |
80164 | |||||||||
| Add: Investment gains/(losses) and income |
on | Old | Mutual | Portfolio 2021 | -2977 | |||||
| 77187 | ||||||||||
| 2022 Repairs and maintenance approved |
by | CISWO out ofrestricted | fund | 0 | ||||||
| 2022 Depreciation on capital assets |
acquired | through | restricted | fund | -1175 | |||||
| 76012 |
| 9. | CASHICASH E | UIVALENTS | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Current Account | |||||
| Royal Bank of | Scotland | 5,364 | 5,288 | ||
| Preferential Deposit Account |
|||||
| Royal Bank of | Scotland | 44,778 | 47,174 | ||
| 50 142 | 52,462 | ||||
| 10. | DEBTORS | 2022 | 2021 | ||
| f | f | ||||
| Amount due from |
Swallownest | Miners Welfare | |||
| Social Club Limited | |||||
| Lidl Option fee |