``` ARNISTON MINERS WELFARE SOCIETY AND SOCIAL CLUB CHARITY NO SCO01535 ``` ``` FINANCIAL ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2024 ``` ``` Page 1 ``` ## **`ARNISTON MINERS WELFARE SOCIETY AND SOCIAL CLUB`** ## **`CHARITY INFORMATION`** ## **`YEAR ENDED 31ST JANUARY 2024`** ``` Charity Registration No Management Committee Club Address ``` ``` SCO01535 ``` ``` 40 Engine Road Gorebridge, Midlothian, EH23 4AQ ``` ``` Royal Bank of Scotland, Bankers 63 High Street, Dalkeith, EH22 lJA ``` ``` Independent Examiner ``` ``` Ian J Brown & Co Accountants Ltd, 4 Lothian Street, Dalkeith, Edinburgh EH22 1DS ``` ``` Page 2 ``` ``` ARNISTONMINERS WELFARE SOCIETY AND SOCIAL CLUB REPORT OF THE TROSTEES ``` ``` FOR THE YEAR ENDED 31ST JANUARY 2024 ``` ``` The trustees present their annual report and financial statements of the charity for the year ended 31 January 2024. The financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended ``` ``` Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland. (FRS 102). ``` ## **`Status`** ``` The charityisestablishedas a member’sassociationundera constitution. ``` ## **`Purpose and Objectives`** ``` The charity is established to provide recreation and leisure activities which will improve the living conditions for the people of Arniston and in particular those belonging to the former mining community. The charity achieves this objective by providing activities for young people and old age pensioners and by making donations to other charities as decided by the committee. ``` ## **`Results for the Year`** ``` The results for the year are detailed on the Statement of Financial Activities. ``` ## **`Reserves Policy`** ``` The committee wish to maintain general funds at a level to provide charitable expenditure amounting to at least the current level. The committee believe the current level of reserves to be sufficient for this purpose. ``` ## **`Risk Management`** ``` The committee is assessing the major risks to which the charity is exposed, in particular those relating to its operations and finances, in orderto putsystemsin placeto mitigateexposureto themajorrisks. ``` ## **`Trustees`** `The trustees of the charity are members of the committee and are appointed` by `election at the Annual General Meeting with the terms of office running for a period of up to 4 years.` ## **`Trustees Induction and Training`** ``` Most trustees are already familiar with the practical work of the charity. Additionally, members are invited to meet with the committee and are given the previous year's minutes of meetings, accounts and also the booklet 'Guidance for Charity Trustees' produced by OSCR. The booklet fully outlines the duties and responsibilities of Charity Trustees in Scotland. ``` ``` Page 3 ARNISTONMINERS WELFARE.SOCIETY AND SOCIAL CLUB REPORT.OF THETRUSTEES (Cont'd) FOR THE YEAR ENDED 31ST JANUARY 2024 ``` ## **`Plans for the Future`** ``` The charity plans continuing the activities in the forthcoming year subject to satisfactory funding arrangements and also subject to social distancing legislation relating to licensed premises. ``` ## **`Statement of Trustees Responsibilities`** ``` The charity's 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). ``` ``` Charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus/deficit of the charity. In preparing those financial statements the Board is required to; ``` - `select suitable accounting policies and then apply them consistently;` - `observe the methods and principles in the applicable Charities SORP;` - `make judgments and estimates that are reasonable and prudent; prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in business;` - `state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements.` ``` The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions. 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. ``` ``` The trustees are also responsible for the contents of the trustees report, and the responsibility of the Independent Examiner in relation to the trustees report is limited to examining the report and ensuring that, on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements ``` ``` Trustee ``` ``` Date ``` ``` Page 4 ``` ## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ARNISTON MINERS WELFARE SOCIETY & SOCIAL CLUB FOR THE YEAR ENDED 31 JANUARY 2024`** ``` I report on the financial statements of the above charity for the year ended 31 January 2024 which comprise the Statement of Financial Activities, Balance Sheet and related notes. ``` ## **`Respective responsibilities of Trustees and Examiner`** ``` The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). ``` ``` The charity's trustees consider that the audit requirement of Regulation 10(1)(a) to (c) of the 2006 Accounts Regulations does not apply. It is my responsibility toexaminetheaccountsas requiredundersection 44(1)(c) of theActandto statewhetherparticularmattershavecome to my attention. ``` ## **`Basis of Independent Examiner's statement`** ``` My examination is carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from the trusteesconcerningsuch matters.The proceduresundertakendo not provide all the evidence that would be requiredin an audit,and consequently I do not express an audit opinion on the view given by the accounts. ``` ## **`Independent Examiner's Statement`** ``` In the courseofmy examination,nomatterhas cometo my attention: ``` - `(1) which gives me reasonable cause to believe that in any material respect the requirements; to keep accounting records in accordance with Section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations and; to prepare accounts which accord with the accounting records and comply with Regulation 8 of the 2006 Accounts Regulations have not been met or` - `(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.` ``` Ian J Brown and Company Accountants Ltd 4 Lothian Street, Dalkeith Edinburgh EH22 1DS ``` ``` Date 13[th] February 2025 ``` ``` Page 5 ``` ``` ARNISTON MINER.S WELFARE SOCIETY AND SOCIAL CLUB ``` ## **`INCOME&: EXPENDITURE ACCOUNT`** ## **`FOR THE YEAR ENDED 31ST JANUARY 2024`** ||`Bar Drawings`
**`COST OF SALES`**
`Purchases`
**`GROSS PROFIT`**
**`Other Income`**
`Gaming Machine Income (note 6)`
`Membership`
`Hall Hire`

**`CHARITABLE ACTIVITIES`**
`Wages & Nat Ins`
`Pension Contributions`
`Honoraria`
`Staff Training`
`Bowling Green Upkeep`
`Staff Travel & Petrol`
`Donations`
`Insurance`
`Telephone Charges`
`Posts, Stationery & Adverts`
`Heating and Lighting`
`Repairs and Renewals`
`Gas Expenses`
`Water Rates`
`Entertainment (note 8)`
`Equipment Rental`
`Cleaning and Laundry`
`Dransfield Expenditure`
`Team Clubs Expenses`
`Sports / Entertainment Subscriptions`
`Sundry Expenses`
`Interest Charge On Overdue Taxes`
`Section Activities (note 7)`
`Licences & Performing Rights`
`Bank Charges`
`Gaming Machine Commission`
`Gaming Machine Duty Due To HMRC`
`Professional Fees`
`Depreciation`
|**`2023`**
£
`201,942`
`81,874`
`120,068`
`2,471`
`1,000`
`0`
`123,539`
`56,653`
`0`
`0`
`0`
`4,520`
`61`
`0`
`2,607`
`2,581`
`85`
`24,713`
`13,839`
`1,903`
`2,180`
`1,012`
`520`

`811`
`989`
`943`
`13,738`
`1`
`251`
`0`
`160`
`1622`
`0`
`0`
`3,184`
`3,831`
`136,204`|**`2024`**
£
£
`200,577`
`90,474`
`110,103`
`13,999`
`2,400`
`330`
`126,832`
`48,278`
`0`
`0`
`200`
`2,520`
`420`
`0`
`802`
`2,826`
`58`
`22,587`
`6,352`
`1,694`
`2,209`
`5,858`
`520`
`1,819`
`0`
`3,052`
`12,476`
`41`
`273`
`75`
`158`
`2,107`
`9,060`
`3,727`
`1,236`
`3,662`
`132,010`| |---|---|---|---| |||`136,204`|| ``` Page 5 ``` **`NET Profit /(DEFICIT)FOR YEAR BEFORE TAXATION`** £ `(12,665) (5,178)` **`Corporation Tax`** `£ 0 £ 0` £ `(12,665) (5,178)` > **`NET Profit /(DEFICIT)AFTER TAXATION`** `£ (12,665) £ (5,178)` ``` Page 6 ``` ``` ARNISTONMINERS WELFARE SOCIETY AND SOCIAL CLUB ``` ## **`BALANCE SHEET AS AT 31ST JANUARY 2024`** |**`FIXED ASSETS`**
`Tangible Assets (note 2)`
**`CURRENT ASSETS`**
`Stocks on Hand (note 1)`
`Bank - Current Account`
`-` `Scotmid Investment Account`
`-` `Investment Account`
`- Section Accounts (note 3)`
`Cash on Hand`
**`LIABILITIES;`**
`Creditors falling due within one year`
`(note 4)`
**`NET CURRENT ASSETS/(LIABILITIES)`**
**`NET ASSETS`**
**`THE FUNDS OF THE CHARITY`**
`Unrestricted Funds (Note 5)`
`Restricted Funds (Note 5)`
**`TOTAL.CHARITY FUNDS`**|**`2023`**
£
£
`99,940`
`3,000`
`9,069`
`89`
`53`
`8,434`
`1,576`
`22,221`
`19,295`
`19,295`
`2,926`
`£102,866`
`88,043`
`14,823`
`£102,866`|**`2024`**
£
£
`96,278`
`3,000`
`6,942`
`89`
`53`
`8,434`
`6,334`
`24,852`
`23,442`
`23,442`
`1,410`
`£ 97,688`
`82,865`
`14,823`
`£ 97,688`| |---|---|---| ||`19,295`|| |||| ``` Approved by the committee and signed on its behalf. ``` ``` Page 7 ``` ``` ARNISTONMINERS WELFARE SOCIETY AND SOCIAL CLUB ``` ``` NOTES TO THE ACCOUNTS ``` ``` FORTHE YEAR ENDED 31ST JANUARY 2024 ``` ## **`1 Accounting Policies`** ``` The principal accounting policies adopted, judgements and key sources of estimation and uncertainty in the preparation of the financial statements are as follows: ``` ## **`Basis of Preparation`** ``` The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standardapplicablein the UK and Republic of Ireland (FRS 102). ``` ``` Arniston Miners Welfare Society and Social Club meets the definition of a public benefit entity under FRS 102. Assets and liabilities are recognised at historical cost. ``` ## **`Fund Accounting`** ``` Unrestricted funds are available for use at the discretion of the trusteesin furtheranceofthe generalobjectivesof the charity. ``` ``` Restricted funds are subject to restrictionson their expenditure imposed by the donor or through the terms of an appeal. ``` ## **`Incoming Resources`** ``` All income is recognised once the charity has entitlement to the income, there is sufficientcertainty of receipt so it is probable that the income will be received, and the amount of the income received can be measured reliably. ``` ## **`Expenditure Recognition`** ``` Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. ``` ## **`Stocks`** ``` Stocksarevaluedatthelowerof costor net realisablevalue. ``` ## **`2 FIXED ASSETS`** |`As at1st February 2023`
`Additions this year`
`Depreciation for Year`
`As at 31st January 2024`|**`Property`**
**`Improvements`**
**`Equipment`**
**`Total`**
£
£
£
`93,564`
`6,376`
`99,940`

`(2,706)`
`(956)`
`(3,662)`| |---|---| ||`90,858`
`7,276`
`96,278`| |3|**`BANK - SECTION ACCOUNTS`**||| |---|---|---|---| |||**`2023`**|**`2024`**| |||£|£| ||`Bowling`|`1,367`|`1,367`| ||`Golf Section`|`5,317`|`5,317`| ||`Angling`|`1,750`|`1,750`| Page 7 8,434 8, 434 ``` Page 8 ``` I ## **`ARNISTON MINERS WELFARE SOCIETY AND SOCIAL CLUB NOTES TO THE ACCOUNTS YEAR ENDED 31st JANUARY 2024`** ## **`4 CREDITORS`** |`General& Trade Creditors`
`Corporation Tax Liability`
`Wages& Nat Ins`
`PAYE`
`Gaming Machine Duty Due`
`Accruals`
`Vat`&`Machine Games Duty`
**`5`**
**`FONDS`**
**`As At`**
**`01/02/2023`**
£
**`Unrestricted Funds`**
`Revenue Reserve`
`88,043`
**`Restricted Funds`**
`Capital Reserves`
`Repairs`&`Renewal Reserve`
`3,458`
`11,365`
`14,823`
**`TOTAL FUNDS`**
**`6`**
**`GAMING MACHINE`**
`Income for Year`
`Expenditure for Year`
**`7`**
**`SECTION ACTIVITIES`**
`102,866`
`Bowling`
`Golf Section`
`Angling`|`General& Trade Creditors`
`Corporation Tax Liability`
`Wages& Nat Ins`
`PAYE`
`Gaming Machine Duty Due`
`Accruals`
`Vat`&`Machine Games Duty`
**`5`**
**`FONDS`**
**`As At`**
**`01/02/2023`**
£
**`Unrestricted Funds`**
`Revenue Reserve`
`88,043`
**`Restricted Funds`**
`Capital Reserves`
`Repairs`&`Renewal Reserve`
`3,458`
`11,365`
`14,823`
**`TOTAL FUNDS`**
**`6`**
**`GAMING MACHINE`**
`Income for Year`
`Expenditure for Year`
**`7`**
**`SECTION ACTIVITIES`**
`102,866`
`Bowling`
`Golf Section`
`Angling`|**`2023`**
£
`4,458`
`400`
`3,650`
`2,724`
`0`
`5,928`
`2,135`

`19,295`
**`Deficit`**
**`for Year`**
£
`(5,178)`|**`2024`**
£
`4,283`
`400`
`3,459`
`3,610`
`3,727`
`6,839`
`1,124`
`23,442`
**`As at`**
**`31/01/24`**
£
`82,865`
`3,458`
`11,365`
`14,823`
`97,688`
`75`
`0`
`0`
`75`
**`2024`**
£
`15,889`
`(1,890)`
`13,999`
**`2024`**
£| |---|---|---|---| ||`3,458`
`11,365`||| ||`14,823`||| ||`102,866`|`(5,178)`|| |||`0`
`0`
`0`



`0`
**`2023`**
£
`4,291`
`(1820)`
`2471`
**`2023`**
£|

| ## **`8 ENTERTAINMENT`** ``` During year ended 31st January 2024 entertainment costs were; ``` |`Bands, Deposits`&`Disco's`
|**`2023`**
`£`
`1,012`
`1,012`|**`2024`**
`£`
`5,858`| |---|---|---| |||`1,132`|