KINNEIL MINERS. CHARITA8LE SOCIETY REGISTERED CHARITY NUMBER SC004200 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025
KINNEIL MINERS. CHARITA8LE SOCIETY REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 INDEX CONTENTS PAGE Charity Infornation Trustees, ReFort Independent Examiners Report Statement of FinanGial Activities 8alance Sheet Notes lo the Financial Stsiements
KINNEIL MINERS. CHARITABLE SOCIE LEGALAND ADMINISTRATIVE DETAILS YEAR ENDED 31 JANUARY 2025 CHARITY REGISTRATION NUMBER SC0042 TRUSTEES PRINCIPAL ADDRESS Kinneil Bowling and Social Club Angus Road 80'ne8S EH51 OBH BANKERS TSB Bank plc 137 -139 Fbgh Slreet Fdkiik FK1 1EA INDEPENDENT EXAMINER CISWO ITradingi Ltd The Old Rectory Rectory DrN8 Whislon Rolherham S60 4JG
KINNEIL MINERS, CHARITABLE SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025 The trustees present their annual report and financial statements of the charity for the year ended 31 January 2025. The financial statements have been prepared in accordance with the accounting poIleS s61 out in note 110 the accounts and comply with the charity's Injsl deed. the Charities and Trustee Investment (Scotlandl Act 2005, the Charities Accounts Iscollandl Regulations 2006 las amended) and Accounting and Reporting by Charities.. Slalemenl of Recommended Practi applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of ITeland published on 16 July 2014. Structure overnance and mana Kinneil Miners Charitable Society is feg1Stered wth Ihe Office ot the Scottish Charities Regulator under the number SC004200. The Charity is managed by a Board of Trustees. The Iruslees are the oifice holder5 of the Charity (Pre5idenL Vice PresidenL Sretary and Treasurer} and their names are detailed on page l. ement The charity is controlled by its governing document an a deed of trust and con$titules an unincorporated ¢harity. Trustees are appointed by a Management Committee and Society membership al the Annual General Meeting. POlicS and procedures are in place for the informative training of all Iruslees as and when required. Meetings are convened on a monthty basis erebY administrative and charitable decisions are discussed and passed at committee level. Ob ectlves and Revlew of Actlvltle8 The objectives of the charity are lo provide facilities for such forms of recrealhm and other leisure-time occupation as are conducive to the improvement of the conditnS of livlng of the inhabitants of Kinneil antj the neighbourhood thereof within the soGietys sphere of operatffis as defined from ts.me to time, parti¢ularly Ibut not exclusively) those inhabitants as are members of the mining community provided that nothing herein contained shall authorise the appltcalions of the property to purposes which are not in law charitable. The significant activities undertaken are to maintain the facilities to provlde re¢realional and fvndraislng events lo be held in a safe and clean environment. Specific objectives for the coming year are to contynue fundraising for projects within the community by providing the lease of the premises to other tharilabk groups. The society rents the prnIseS and grounds to Kinneil B0Ing and Social Club who oporale and manage various events and hold a license tg sell alcohol wher6 appropriate. The club's management also undertakes the duty lo ensure that proper safety rules are adhered lo within the premises and grounds. The society ¢onlinue$ to achieve its objectives and assesses achievement on the membership of the bowling and social club and continued use of the premises for other fundraising events. The premises and grounds have been used in conjunction the Scottish Bovling bodies for competitions leading up to the annual national and intemalional events. The trustees aro pleased that the facilitiés have been upgareded this year thanks to a substsntial grant from CISWO for which they are extremely grateful. Flnanclal Rovl•w The charity showed a deficrl of £2,517 for the year. a marked improvement on the deficit of £6,056, and the Iwstees are pleased with this irnprovemenl. They afe particularly pleased with the increase in income from room lettings as this demonstrates how the welfare as a whole is being used more and more by the local community. The trustees are also encouraged by the improvement seen by the connected Social Club which showed a modest profit thi5 ye8r and they hope these successes can be repealed going forward.
KINNEIL MINERS. CHARITABLE SOCIETY REPORT OF THE TRU TEES FOR THE YEAR ENOED 1 JANUARY 2025 CONTINUED Investment Poll¢ The charity does not have an Investmt polcy in place as sud) as the trustees feel that the charity does not hold sufficient hJnd¥ tQ Ggnsider any sort of forrnal invement at tris time. The trustee5 TrMII continue to monitcf the situatson and mak& thanges when apprqjdate. Rlsk Mana em•n¢ The trustees are aware of the operational arTra financial risks which the charity faces and regularly reviews tho risks to mitigate against any impact they may have on the Charity. The major risks facing the charity are the contsnued sueeesg of the connected social dub from which it derives its main funding, the support of individuals and the community in using the facilities and the introduction of the younger generalitsn to provide for Ihe fubjre. The trustee3 work closely wth the corrmiltee and members to addre85 these risks. Reservos Pollc 11 is the polw of the tNstee51o maintan unrestricted funds whh are the free reserves of the charty at a Ver to provide sufficient funds to cover an1Pated administration and supkKtrt costs for a period of hvefve months. Any additKJnal reserves are held to provide a captal fund for repairs that wll te required for the upkeep of the premises. stat•m•nl ol Tw$te. R¢s applicable to carities in Scotland requires the charity trustees to prepare financial statement5 for ea¢h year which gNe a true and fair view of the stale ol affairs of the charity and of the incoming resources and appIati( of resources ol tne charlty for that period. In preparlng Ine l(nancial slatements tne trustees are requiTed to.. select Suitab accountsng poliaes and then appty them ¢onsislenlly,' observe the methods and principle8 in the applicable Charities SORP., make judgements and esllmates that are r8asonatle and pwdenl., stsle whether applicable accounts'ng standards have been fOllNe, subject to any material depare5 dis¢k)sed and explained in the linanaal ststements., prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charity wll continue in business. trustees are r•sponsible for keeping proper aecounlin9 records that disclose with reasonab accur8cy at any lime the financial position of Ihe charity and to efiae them to ensure that Ihe financial statements comply wilh the Charty and Trustee Investment (Scouandl Act 2005, the Charity Accounts (Scollandl Re9ulalions 2006 18$ amended), and the provisions of the Iwsi deed. They are also responsible for safeguarding the assets of the charity and tsking reasonable steps for the prevention and detection of fraud and other Irregularities. Approved by the trustees and signed on Iheii behalf by.. 17.ts .2f Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINNEIL MINERS, CHARITABLE SOCIETY I report on the accounts of Klnnell Miners, Charitable Society (Registered Charity NUMIr SC004200) for the year ended 31 January 2025 as sel out on pages 5 10 9. The charitys Iruglees are responsible for the prèparation of the accounts in accordance with the temis of the Charities and Trustee Investment Iscotlandl Act 2005 ané the Charities Accounts {Sco118ndl Regulallons 20C6 las amended). The charSty trustees conslder tral the audit requIrent on Regulatlon 10111 lal to Icl of the Accounts Regulations does not appty 11 is my responsibility to examine the accounts as required under section 4411 Ilc) of the Act and to State whether particular matters have come lo my attention. Ba515 Ot i endent examinerfs slatemeTrt My examinats.on is carried in accorlarre wilh Regulalicn 11 of the 20l Accounts Regulations. An examinakn'on includes a review of the %counling records kept by the charity aTha a compariscn of the accounts presented with those records. 11 aso includes consideration of any unusual ilerns or disclosures in the accounts and seeks explanalh)ns from the trustees eonceming any such mattefs. The procedures undertaken do not provide 811 the evidence that would be required in an audi( and COn5equenUy I Ilo not expie55 an aL¥lit opnion on the aUt5. Inde endent examnerfs statem In the course of my examination, no matter has come to my attention (11 vthich gives me reasonable cause to believe that in any material re3t the requirements.. to keep acGoullling reGord5 in awordarTr¢e wth section 44(1)lal of the 2005 Ath and Regulation 4 of the 2006 Accounts Regulations. and lo prepare acGount3 which accord wlh the aGcounts'ng records and GomFly wth Regulation 8 of the 2006 Attounts Re9ulations hava not bggfb mg(. or 121 to which, In my opinion. attenlDn shDukl be drawn in order to ènable a proper understanding of the accounts to b9 rgached. Date On behalf of CISWO (Trading) Ltd The Old Rectory Rectory Drwe Whislon Rotherham S60 4JG
KINNEIL MINERS, CHARITABLE SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JANUARY 2025 Unr•8trlctsd R•strJGt•d Total Total Fund 2025 2024 Noto In¢orng and Endowm•nts 0upatiOnal li¢en¢e Fundraising and donations Hall rentals Grants re¢eived 6,000 4.424 4,715 6,000 4,424 4,715 12,041 6,000 5,048 3.230 12,041 Total Income 12,041 27,180 14,278 Ex endlture Cost of eneratin Rates and water Insurance Repairs and renewals Greens maintenan DepTe¢iation Donations and sundry expenses funds 2.179 3.838 822 6,908 2,793 1.022 2,179 3,838 622 18,699 2,793 1.272 2,634 3,420 131 9,191 3,662 1,030 11,791 250 Admi ive Costs Accountsncy 294 294 266 Total Expendlture 17.656 12.041 29.697 20.334 Not rnovoment In funds 12,517) {2,S17) {6,0561 Total funds brought forward 96,526 362,467 458.993 465,049 Total lunds carrled forward 94,009 362.467 456,476 458,993
KINNEIL MINERS. CHARITABLE SOCIETY AS AT 31 JANUARY 2025 2025 2024 Note FIXE ASSETS Tangible assets 438,836 441,179 CURRENT SETS Debtors and prepayrnenls Cash al bank 15,8 2,27 17,823 257 17,933 18,080 LESS: CURRENT LIABILITIES Creditofs falling due wlhin one year {294) 1266} NETCURRENT ASSETS 17,639 17,814 TOTAL NET ASSETS 456,475 458.993 FUNDS ullre5trted lunds Restricted ftjnds 94,009 362,467 96,526 362,467 456,476 458,993 The accounts were approved by the trustees and signed on their behalf by.. ale
INNEIL INERS. CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 202S 1. ACCOUNTING POLICIES a} Accountlng Conventlon The financial statements have been prepared under the historical cost nventiOn wlh items recognised al cost or transaction value unless olhemse ststed in the relevant notes to these accounts. The financial stslemenls have been prepared in arzordanee with the statement of Recommended Practiee". Accounting and Reporting by Charities preparing their accounts in accordance w¢lh the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting standard applicable in the United Kingdom and Republic of Ireland IFRS 102), the Charities and Trustee Investment Iscodandl Act 2005 and the Charities Accounts {ScoUand) Regulations 2006 (As amended). The trustees consider that there are no material uncertainties about the Trusfs ability to continue as a going concem. The Iruslees have a reasonable expectation that the Trust has adequate resetves to continue in operational existence for the foreseeable lulure. Accordingly. the trustees continue lo adopt the going ¢on¢ern basis in the preparation of the accounts. bl Income Rocognition Income is recognised once the charity has enlillement lo the income, il is probable that the income wll be received and the amount of income receivable can be measured re1lJIY. Donations are recognised when they are received. ¢) Expendlture Recognltlon Llabllilies a CognISed as expendltttre as soon as there 1$ a legal or o)nslructive obligatton committing the charity lo that expenditure. il is probable that settlement will be required and the amount of the obligation Gan b8 measured reliab. All expenditure is accounted for on an accruals basis. d) Tanglble fixed assets and depreclatlon DeprlatIon is provided al the following annual rates in order lo write off the cost of each asset over ils expected useful Ilfe.. Fixtures, fittings and equipmenl 25% per annum ¢1 Taxation The chaiity is exempt from tax on its charitable activrties. n Fund aGcounting Unrestricted funds can be used in accordance wlh the charitable objectives al the discretion of the Irustees. Restricted fijnds can only be used for partt'cular restn'cted purposes within the objec15 of the charity. Reslri¢tions arise when specthed by the donor or when funds are raised for particular reslricled purposes.
KINNEIL INER ' CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 31 JANUARY 2025 2. TRUSTEES. REMUNERATION AND EXPENSES None of the trustees ceiVed any remunerat or expenses during this year or the previous year. 2025 2024 3. GRANTS RECEIVED Scottish Coal Industy Special WeWare Fur¢d towards cost of Christmas paty for local care home 250 Co81 Indu5ty Social Welfare Organi¥tion towards cost of upgrading bowling green sufrounds 11,791 12.041 Fixlurgs Fittin ui Frgehold Pro Total 4. TANGIBLE FIXED ASSETS Cos At 1 February 2024 Additions 435,598 37.437 450 473,035 450 Al 31 January 2025 435.598 37.887 473.485 De reciation At 1 February 2024 Charge for the year 31,856 2,793 31,856 2,793 Al 31 January 2025 34,649 34.649 Net Book Value At 31 January 2025 435,598 3.238 438.836 At 31 January 2024 435.598 5.581 441,179
INNEIL MINERS. CH ITABLE SOCIE NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDED 1 JANUARY 2025 2025 2024 S. DEBTO Balance due from Kinneil Bowting and Social Club Trade debtors Prepayments and other debtors 15,049 220 637 17,121 702 15,906 17,823 6. CREDITORS: Amounts fallln due wlthin one ear Accruals 294 268 294 266