COALBURN MINERS WELFARE CHARITABLE SOCIET S¢otthh Charfty No. SC015679 REPORT AND STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025
COALBURN MINERS WELFARE CHARrrA8LE SOCIETY REPORT AND FINANCIAL STATEMENTS ORT YEAR ENDED 31 J NUARY 20 INDEX CONTENTS PAG Legal and Administrative Detsils Statement of Financial Activities 8alan¢e Sheet Notes lo the Finanaal Slaternents Independent Examinerfs Report Trustees Rep)rt 10-14
COALBURN MINERS WELFARE CHARITABLE SOCIETY LEGAL AND ADMINISTFIATIVE DETAILS AN SCOThISH CHARITY NUMBER- SC015679 TRUSTEES SCHEME ADDRESS 42 Coalburn Road Coaburn Lanarkshire ML11 OLH BANKERS Sanlander Bridle road Boolle L30 4G8 INDEPENDENT EXAMINER CISWO IT1) Lirnrt The Old RÈctory Rectory Drive Whiston ROTHERHA S604JG
COALBURN MINERS WELFARE CHARITABLE SOCIETY STATEMENT OF FINANCIA ACTIVITIES FOR THE YEAR ENDED 31 JANUARY 20 Iricted Re$tri¢tgd Fund$ Funds Total 2025 2024 Note COME AND ENDOWMENTS Rotsm Hire and catering Ineti Donations Sundry Income Biomass renewable heat incentive Income from electricity buy-baek Income from Coalbum Miners Welfare Social Club - Occupational Licence - Covenanted Income Grants recelved 25,366 590 3,319 15,594 1,492 25,388 590 3.319 15,594 1,492 27.767 4.770 1.680 14,522 1,796 7,660 16.677 225,90S 7.660 16.677 225,905 7.660 8.576 240,080 TOTAL INCOME 296,603 296,603 306.851 EXPENDITURE Cost of a¢livitie$ in furtherance of the chartys objects Donations Governance costs 277,836 1,040 1.450 19,760 297.5S 1,040 1,450 289,262 4,970 1,381 TOTAL EXPENDITURE 280,326 19,760 300,086 295.613 Net {Expenditurel I Income 16.277 119,7601 (3,4831 11,238 Balances brought foNard 785.782 179,134 964.916 953,678 Balan¢e$ ¢arried forward 802,059 159,374 961,433 964,916
RN IN EL ci BALANC HEET A AT AN Y 202S NOTE 2025 2024 FIXED ASSETS Tangible frxed assets 863,836 908,640 CURRENT A SETS Dèbtors and prépayments Cash al bank and in hand 29,72S 106,599 32,771 54,714 136,324 87,485 LESS: CURRENT LIABILITIES Creditors falling due wthin one year (38,7271 131.2091 NET CURRENT AsseTS 97,597 58,276 TOTAL ASSETS LESS CURRENT LIABILITIES 961,433 964,916 TOTAL NET ASSETS 961,433 964,916 NDS Reslricted unrestrted 159,374 802,059 179,134 785.782 TOTAL FUNDS 964916 The accounts were approved by the trustees and signed on their tehalf by: 12 Date
COALBURN MIN RS'W LFARE CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025 1. ACCOUNTING POLICIES {al Basls of preparatlon and a88888menl of golng concern The financial statements have been prepared under the hi$lori¢al cost ¢onvention wth items recognised at cost or transaction value unless otheMi$e $12led in the relevant notes to Ihe$e ac¢oLtnts. The financial slatemenl$ have been prepared in ¥CrdanCe with the Statement of Recommended Practice.. Accour¢ling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 Juty 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Chafities and Trustee Investment (Scotlandl Act 21X)5 and the Charities Accounts Iscouandl RegulalK)ns 2006 las amended). The Iiuslees consider that there are no material uncertainties about the Trusvs ability lo continue as a going concern. The Iruslees have a reasonable expectslion that the Trust has adequate reserves lo continue in operational existence for the foreseeable future. Accordingty, the trustees continue to adopt the going concem basis in the preparation of the accounts. Ibl Income Recognftlon Income is recognised on¢e the ¢harity has entiuemenl to the income. it is probable that the in¢ome will be received and the amount of in¢ome Ceivable can be measured reliably. Donations are recognised when they are received. {cl Expenditute Recognltlon Liabilities a recognised as expendIlu as soon as there is a legal or ¢onstrucl(ve obligation committing the chanty lo that expenditure, il is probable that settlement will be required and the amount of the obligation can be measured reliably. All expendire is accounted for on an accruals basis. Grants are re¢ognised when they are approved and the intention has been communicated to the recipient. (dl Tanglble f0 assots and depreciatlon Depreciation is provided al rates calculated lo write off the cost or valuation less residual value of each asset over ils expected useful life as follows." Land Buildings Computers Furnitures and equipment Electrical equipment Biomass system Oyo 2 - 10% straight line 33Yo slraighl line 20% straight line 33% straight line 20% $traighl line
COALBURN MINERS WELFARE CHARITABLE SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 2. GRANTS RECEIVED Revenue grants are recogni5ed in the Statement of Financial Activities on a received basis and are matched with the expenditure towards which they are intended to contribute. Capital grants are recognised in the Statement of Financial Activities on a received basis and are credited to a restricted fvnd and released to a designated assels fund on the purchase of the asset. Grants rocelved in tar al Dalguhandy Wlnd Fami Grant of £10.000 towards cost of solar panels. bl REF Grant of £13,733 towards cost of solar panels. c) VASLAN Grants totalling £55,600 for ongoing projects. d) Lottery Fundlng Grant of £5,781 towards the cost of a development worker. d} Dalguhandy byind Fann Gfants totalling £12,480 for wages and administration. •) Brokencross Beneflt Grant of £50,000 to cover employment costs and groltp actsvilies. Foundatlon Scotland Grant of £11,065 to fund an aCtiviS worker and group activities within One Stop Shop and £24,036 to cover some of the ele¢tri¢ity costs. h) SLC Grants totslling £10,775 towards running costs and employment incentive. 11 Konnoxhead n Fann Grant of £24.060 for food boxes and vouchers. J) REF Grant of £15.192 for ladies toilet refurbishment Amounts not utilised in previous years brought forward 27,844 Amounts received during the year 232,722 Amounts not ulilised in current yèar carried foryftrd (34,6611 Grants released in year 225,905
COALBURN MINERS WELFARE CHARITABLE SOCIETY NOTES TO THE ACCOUNTS YEAR ENDED 31 JANUARY 2025 COSTS OF ACTNITIES IN FURTHERENCE THE CHARITY'S OBJECTIVES {All funds consolldatedl 2025 2024 Rates and Insuran¢& Heating and lighting Repairs, renewals and cleaning Wages, salaries and expenses Printing, postage, stationery and telephone Bank charges Profession31 fees Sundry expenses Depreciation Unreslricled assets - Restricted assets 8.072 33.035 30.122 97.880 2,798 92 1,535 206 25,044 19,760 81,052 4,927 35.545 26,238 75,881 2,601 73 13.857 803 25.225 20.846 83,266 Activity costs 297,596 289,262 2025 2024 4. DONATIONS Coalbum Gala Committee Millie Gillan Bankhouse Care Home Macmillan Darby & Joan Club Lesmagahow Football Club Prostate Scotland Jivers Cancer Research Smile Train Donkey Sanduary Dogs Trust Greyhound Trust British Heart Foundation 200 100 250 320 120 50 200 120 370 100 3.070 340 100 100 50 520 4,970
COALBURN MINERS WELFARE CHARITABLE SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025 2025 2024 GOVERNANCE COSTS Independent Examination and accountancy 1,450 1,381 FIXED ASSET Land & Buildin Flxtures & Blomass ui s ment S stem Total Cost Al 1 February 2024 Additiofts 1,1 $3,735 317,833 100,378 1,571,946 At 31 January 2025 1,153,735 317.833 100.378 1.571,946 De recia At 1 February 2024 Charge for the year 371,S99 21,939 241,518 17,846 50,189 5,019 663,3C6 44.804 At 31 January 2025 393.538 259,364 55,208 708.110 Net Book Value At 31 January 2025 760,197 58,469 4S,170 863,836 Ai 31 January 2024 782,136 76,315 50,189 908,640 2025 2024 DEBTORS VAT Prepayments Coalburn Miners Welfare Social Club 323 1,025 27,343 9,111 1,482 22,178 28,691 32,771
COALBURN MINERS WELFARE CHARITABLE SOCIETY NOTES TO THE ACCOUN SFOR HE AR NDED 31 JANUARY 2025 2025 2024 CREDITORS: Amounts fallln due wlthin ono ear Trade creditor5 Oher creditors and accwals Grant unspent al year end 68 3,297 27,844 4,066 34,661 38,727 31.209 FUNDS For the purposes of the accounts. funds are defined as follows.. Unrestricted Funds - comprise gifts and other income ieceived for the objects of the charity without further specified purpose and which are available as general funds. Designated Funds - Comprise either unre$tricled funds whieh have been eam)arked by the Injslees lor a specific purpose or which respresent the value of general fund$ tied up in fixed assets. Restricted Funds - comprise gifts and other income received for spending on sPeried purposes as laid down by the donor.
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COALBURN hllNERS WELFARE CHARITABLE SOCIETY I report to the trustees and members of CDalbuin Miners Welfare Chari18ble Society (Registered Charity Number SC015679} on the acwunts for the year entjed 31 January 2025 as set out on page$ 2 to 8. Res ttve res nsibilities of trustees and eXarnirr The Charity's trustees are responsibke for the preparation of the accounts in accordance with ihe temis ol the Charities and Trustee Investment (Scotlandl Act 2005 and thg Charitlgs Accounts {ScoUandl Regulatiorts 20C6 {as arnendedl. The charity trustees consider trtal the audit requirement on Regulatson 10(11 (ai to Ic} of the Accounts Regulations does not apply. 11 is my responsibility to examine thè a(UnIS as required under seclton 44{1)Ic} c)f the Acl and to state vthetlEf particular matters have come to my attention. B8sis ol inde endent examiierfs statement My examination is carrled out In OrdanCe wllh RegulaItC 11 of the 2006 Accounts Regulallons. An examination indudes a review ofthe accounting records kept by the tharity and a compafison of the accounts presented wth those records. 11 ajso includes consideration of any unusual items or disclosures in the accounts and seeks explanations frorn the trustees concerning any such matters. procedurès undertaken do not provide all tha evidence that would be r4uired in an audit. and onsequently I do not expres5 an audit opinion on the aoTrI5. Inde endenl examinerfs slalem8nt In the course of my examination, no matter has come to my attention 111 which gNes me reasonable Cause to believe that in any material respe¢l the Tequirements.. lo keep accounting recofds in accordance wth section 44111(al of the 2005 Act and Regulation 4 of the 2006 Accaunls Regulations, ar to prepare accounts which ac¢ord wTlh the accounting reccrd8 and CoMY ¥wth Regulation 8 of the 2006 Accounts Regulations have net been mel,. or {2) to which, in my opinion, attention should ts drawn in order to enable a proper understanding jf the account$ to bè rèachèd. /2 Dale On bohalf ol CISWO (Trading) Lld The Old Rectory Rtary Drwe Whiston Rotherham S60 4JG
ALBUR MINERS WELFARE CHAR TABLE SOCIETY po T OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 202 The Iruslees 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 policigs Sel out in Note 1 to the accounts and comply with the charity's Iru$l deed, the Charities and Trustee investment {Scotland} Act 2005, the Charities Accounts {Scolland} Regulations 2006 las amended) and the Accotjnting and Reporting by Charities.. Slaloment of Recommended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporb'ng Standard applicable in Ihe UK and Republrc of Ireland published on 16 July 2014. Structure Governance and Mana ement Coalbuin Miners Welfare Charitable Society Ithfj Charity} is registor8d with thè OffKe of the Scottish Charity Regulator under the number SC01 $679. The Chafity is managed by a Board of Trustees whose names are shown on page 1. The Charty is responsible for maintaining the premises and its contents and grounds in a suitable state of Tepair for use by those who INe in the surrounding area. It raises income IhTough various charitabb aclN((ie$, the main one being the hiring out of ils faeililies lo the general public. but a substantial amount of ils income comes from ils connected Social Club. Coalburn Minefs Welfare Social Club. which pays an annual ¢xeupational licence feè in order lo run ils business from the charity'5 premises. In addiiion to this. the Club also tran$feT5 any profrts il makes to the Chaiity under a Grft Aid agreement so the Iruslees work closely with the Club's offla18 lo try and ensure the Cltsb is piofft8ble. thus ensuring extra in¢ome for the Charty- Ob'ectlves and Revlew ol Actlvltles Grants have been obtained from numerous funding streams this financial year lo cary out the following projects within the Cenlre. Funding for Greenkeeper at CMW Bowling Club Funding for Numeracy Upskilling Project Funding for'Brokencro$s Fund, for a development worker and training. Funding for Food Boxe$lElectitity Voucl)ers Funding for Soylh Lanarkshire Coyncil towards core running costs Funding for Dougl88 West Windfarm Fun for toward8 core running costs The Management Team continue lo support and superyise the One Slop Shop project stsff who have conllnued to work hard to bring new initiatives and funding sIaM8 lo the organisalion during this financial year. £2,060 was recewed again this year from South Lanafkshire Council for core njnning costs. This will not be available next year due to cuts in local government funding. £24060.40 was received ftom KennoxheadlOTsled Windfarm for food boxes and electrictyffo¢)d vouchers. £24,035.97 wa5 received from Douglas Wesl Windfam towards electrKity costs. The Grant Applicatn for tho Bowling Club Greenkeeper will continue in tho next financial year. Footfall increased during this year with approximately 19,830 people using the facility. Incorne has increased again during this financial year due to an increase in services and aclNilies within the Centre. 11 is anticipated that this will increase further during the coming year as more service5 are introduced within the Centre. Income was again recelved Ihroltghoul the year from RHI and the 'Feed in Tarrff.. £840 income is still paid from SLCIConnecl 2 Renewable every foLtr weeks and CISWO continued lo pay room hire of £960 pef month throughout th8 year. £75 is received monthly from the Bowling Club for healing costs. Wa9es continue to rise slightly each year due to the increase in tha National Minimum Wage bul both the Charty and Social Club still receNe the Nl incentive payment each yea¥. The Tea Room is open three days a wesk for public use. Carolann the Proprietor was also kept busy preparing the food boxes and the meals foi 'Wami Mondays,. Carolann was also busy during this year with private fLtnctions. The Charity ¢eceNes pereentage of the profft instead of a fegLflar rentsl from the Tea R¢)om. Rtsjm hire has steadily increased throughout this year as more services and activities have been delivered. Private Eo
RIT LE RT HETR STEE OR THE YEAR ENDED 31 JANUA Y 2025 b¢)okin9s have in¢rea$ed $ignifrantty this year and it IS onlicipaled that this will inGrease again next year. CISWO is well established and busy in the Centre and provides an income of £960 per month. This seNice is for ex mineis and their families and is the main offic¢ for Scotland. This Service is very well usgd. A règular room rental is received for the Clydesdale Cilryens Advi Bureau seryice based wiitiin the Centre each Monday afternoon. SLCIConnect2 Renewables employability seNice based within the Centr8 continues to be a gieal asset and h89 helped a large number of people within the community and sutroundin9 area gain employment, trainin9 and apprenteshIps. The Charity receNed a 4-weekly room rental of £840. All current and new aclwities were well attend and proved very popular. The servicesladivities help sustain the Charity and helps the local community and gurrounding area. Amanda the Development Worker has worked hard throughout the year organising various aclMlie8 and events and with funding received this year new activities were introduced with more scheduled for next year. Some of the 8clivilie8 held within the Centre include Coalplay laclivities for school age children). Lunch Club, Cinema Club. Jivèrs, 8ox & Fiddle Club. Darby & Joan Club. Yoga. Taekwondo, Computer Classes, Lesmahagow Young Famie¥s, Aromalheiapy, Hal Making, Sewing Classes, 8askel Weaving Courses, Wreath Making, Cooking Courses and more. A number of consuttation events have also been held Ihfoughout th8 year. The Heritage Centie is based within the One Stop Shop and is well established with a new committee. The stsff al the One Stop Shop have aimed to reduce or maintain the Gurrent level of running costs of the Cenlre. All oul90ings are monitored and reviewed regularly. The electiicty contract is due for renewal in October 2025 the current contract with Pozitive Energy Kirsty has been in discuss¢ons with Companies bul as yel new prices have not been approved. The £24,035.97 funding received from the Douglas Wesl Windtami covers the increasg in costs that camo into effect when the contract was renewed in 2022 when Costs were al an a114ime high. This fund will be available each year from this fund to go towaids this c051. ReMUneraln continues lo be received from the ATM provider and George re-negotiated the Contract and the machine is now free lo use with the Charity receiving £50 per month fiom November 2023 and the Charity will continue to receive this amount each month during the next financial year. Helen also Manages the running cosls for the Bowling Club and negolkqles new contracts for their utility seNices with the Electricity due for renewal in May 2025. The staff and management will continue lo look al other avenues to generate extia revenue and continue lo maintain the Centre to the highest possible standaid to make sure f( is fil for purposè. More funding will become available over the next few years as more wind fam)s come into operallon and this will help Sustain the CenlTe long term. 8uslnoss Revlew Staff and Management of Coalbum Miners, Welfare has conlinuod to support the community and continue lo source fvnding lo deliver activ((tes and services within the Centre for the benefit of the local commun5ty and suffounding area. Eieclricffood vouchers to use in the local Store were distributed around the village again this year. 'Wami Mondays, which provides a wami meal and a wami plece to meet began again in January. All these things were madè possible with funding received from Kennoxhead Wind Fam and will continue into the Spring of next yeaf. New Services stsrted in 2024r2025 are going from slren9lh lo strength these include. Ski115 Exchange Job Club, Summer Activities including a fun science day, Taekwondo. Wreath Making, Police 'Drop-in Sessions,, Cr¢xhel & Knitting ¢ourses. mLtch more. The Men'$ Shed based within the grounds of the Charity adjacent lo the B¢)wling Club officialty opened last year is proved lo be a huge success and is very well used. The footf811 of existing and new services and activities has increased this year, and the Centre is used each day. Mental health issues and isolation issues
COAL8URN MINERS WELFARE CHARITAB OCIETY REP RT OF THE TRU TEE FOR THE YEAR ENDED 31 AN Y 202S continue lo be an issue within the eommunity of Coalbum and the staff and Managem¢nt continue to work hard lo address these issues. The Citizens Advice outreach service is based within the Centre each Monday and numbers continued lo be high due lo the current financial diUltieS everyone is facing. The Management Team an(f Staffs have l)een successful again this year in securing funding for activities. courses, rLFnning costs, vouchers elc. This has Secured the future of the Centre and provtded the communty wth vital help during difficult times. Inslallalion of the new telephone system and completed the upgrade lo the wi-fi throughout the building. The installation of the air- Io-air heat source pumps within Coalburn Miners Weware Chafilable Society and the Bowling Club. Poppy's Tea Room continued lo provmle food for the 'Wami Mondays, that started in January. Poppy's tearoom also provkled free lunches each month during the winter months lo patrons of the café who were most in need. We hope to deliver these during 2025. Wrth fvnding secured by the One Stop Shop Poppy's Tea Room also provided meals for the Jiver's Club, Box & Fiddle Club and Darby & Joan Club. These inf(iatives help support the most vulnerable and deprived within the Community. This also helped lo sustain the café based within the Centre. All of tho30 in receipt of the help very much appreciated all that was done. Carolann has a plan to reliro this year. and we are aclNely seeking a New TeamlPerson lo continue her work. All of the above would not have been possible without the help ol the many volunteers who have helped over the last year. There is great communrty spir5t within the village. A special thanks must go again to Liz Rilchte one of the volunteers who has great organisalion skills and help$ whenever she can. A speeial thanks must also go to Carolann al Poppy's Tea room for her hard work and dedication in the Preparation of the buffels and meals. CISWO aro well established within the On8 Slop Shop 8nd this seryice is very well used assisling ex miners and their families. This service provtdes the Ch8rity with 8 regular rental income. Ima Weir the Vocational Development Assistant employed by SLCIConnec12 Renewables in now well established w((hin the Centre and the employability initialNe has helped a great many people gain employment and training. Wilma is community based and sponds a lol of her working week out in the community as well as in the office days per week. Wilma has also encouraged other employability groups like Aspire lo use Ihe centre every week. The Charity continues to r¢Geive 'Feed in Tariff from Scottish Gas and an RHI payment for the Biomass system. Due to the rising cost of the pellets the RHI does not cover all the cost of running the system bul certainly helps a great deal in reducing the cos15 for the Ch8rty. Readings ft)r both are submitted quarterly. The HMRC National Insurance allowance scheme intrc4Juced in April 2014 continues lo provide sawngs on employer national insurance payments for both the Social Club and the Charty. We are not sure how the 2025 changes will affect us bul the rise in these costs will hopefvlly b8 minimal. Communty benefit funding of £24.03S.97 from Foundation Scotland {Dougl83 West Windfamil was recoived again this year and was used again towards el0c1rIty costs. The Charity tried lo get the c*Jffenl 18rrff reduced wilh the current provider due to prices going down but witholrt success. The staffs will continue to Pufsue this during the next financial year. The Current contract wkth Pozilive Energy 15 due to end in OGtober 2025. A number of consuttalion events with windfarm operators were held within the Centre during the year giving the Charity a rentsl remuneration. 11 is anticipated that these will increase durirsg the next year a5 more windfarms ale being erected and Coming into use. The community groups and organisations based within Ihe village were able lo appty for funding to Ihg existing windfarm 12
IT THE UST ENDE operators lo help with project and running costs. This helps lo d8vebp the communty of Coalbum. The Heritage Society based wf(hin the Centre is back lo normal now that the new committee and volunteers are established and visttor numbers also incTea$od during the year. The volunlaers are in tr40 days per week bul come in othei days if required. Thg Box & Fidd Club moved to a Sunday afternoon last year and this has worked out well wth attendance increasing slighlty. The staffs at the One Slop Shop continued lo look al ways to incfease income and reduce runnir>g c¢)sls throughout the year. A number of suttessful fvnding appli¢ations were submitted to VarJuS funding streams during 2024. The foottall through the One Slop Shop increased again this year due to more aelivf(iès and services being held wtthin the Centre. 11 is antipated that footfall will increase further during the ¢oming year a$ mtye a¢tivit and $ervtce$ are introduced. Plans to secure capital and revenue funding will be l¢)oked al again during the next financial year and the staff and committee continue to be optimk%lic that a higher profile will attract more usage of the Centre. The Development worker based wf(hin the Centre h88 a numbei of projects already in the pipeline and undeaY. The Development worker also works alongside local groups and organisalion lo assist them wtth their projects and prov8 funding advic8. All services and aclwities based within the Centre and in the Community are posted on the Website and Facebook. Flnan¢i•l Revl The Charity h8d net expendtture of £3,483 as oppo$ed lo net in¢ome of £11,238 in the previous year. However they are once again pleased that the obtaining of substantial grant income has all¢Jwed them lo provide activities and assistance lo the local community whilé at the same time improving the facilities. In the coming year they will continue lo bok for grants lo all¢)w them to carry on providing services in this way. Invgslment Pol The Charity does not have an iftvestment policy as the Charity dee$ not hold sufficient funds to consideT any sort of investment al this lime given that most of the charity's liquid assèts are eam)arked for fvlure projects and ac14V51ies. The trustees will continue to monitor the situation and make changes accordingly. Risk Mana •men The trustees are aware of the opgrational and financial risks which Ihg Charity fa¢es and regularfy reviews those risks lo mitigate against any impact they may have on the eharity. The majof risks facing the challly are the continued su&$$ of the nnected social club from which il derives laige proportion of ils income, the support of individuals and the community in using the f8cililies and the introduction of the yOLtnger generalion to provide for the future. The trustees work closety with the communty and members lo address these risk8. Reserrfgs Pollc It Is the policy of the tnjslees to maintain unrestricted funds which are the free reseNes of the charity at a knvfjl to provide $uffi¢ienl funds to covor antIpated administration and support wsts for a period of tsvelve months. Any additional reserves are held to Pfovide a capital fund for repairs that may be required for the upkeep of the premises. 13
COALBURN MINERS WELFARE CHARITABLE SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2025 Statement of Trustees, Res onslbll- Law appllcablg lo Gharilies in Scotland requlres the charlty truslees to prepare ffnanclal statemats fof each financial year which give a true and fair view if the slate of affrdifs of the charity and of the income and $xpenditure of the charity ftr that persod. In prq>aring th• financial 8latement8 thè trustees are required.. sèlect 8uitab18 accounting pOlteS and then appty them consistently., obserye the methods and prilpleS in the applrable Charities SORP., make judgemettts and e5timales that are reasonable and prudent-, state whether applicable accounting standards have been followed, Sublt to any material departures disclosed and explained in the finan¢ial slalements., prepaT8 the finanual statements on the going concern basis unless it is inappropriate lo presurne that the charty will contlnue In bu$ine$s. The trustee3 are re3pon3ible for kee>png proper acGounting records that disclc6e with reasonable accuracy 8t any time the fin¢no81 pogitiCn of the charity and to enable thom lo ensure ihal the financial $talemènt$ ccffiply with the Charty and Trustee Investment (Scotlandl Act 2005, thg Charity Accounts Iscotlandl Regulation$ 2006 la$ amended) and the provisions of the trust deed. They are also responslole for safeguarding the assets of the charity and for taking reasonable step$ lor the preventwJn and delgctrin of fraud and other irregu18ritl8S. Approved by the Iruslees and signed on treir behaw by.. Date 14