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 IT￿1￿) 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
unrestr￿ted
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 ¥C￿rdanCe 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 expendi￿re 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 f￿0￿ 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 aCtivi￿S 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 sPe￿ried 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 eXarnir￿r
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 a￿o￿TrI5.
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 CoM￿Y ¥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
R￿tary 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$feT5 any profrts il makes to the Chaiity
under a Grft Aid agreement so the Iruslees work closely with the Club's off￿la18 lo try and ensure
the Cltsb is piofft8ble. thus ensuring extra in¢ome for the Charty-
Ob'ectlves and Revlew ol Actlvltles
Grants have been obtained from numerous funding streams this financial year lo cary out the
following projects within the Cenlre.
Funding for Greenkeeper at CMW Bowling Club
Funding for Numeracy Upskilling Project
Funding for'Brokencro$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 sI￿aM8 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 Applicat￿n 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 apprent￿eshIps. 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. ReMUneral￿n 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
di￿￿UltieS 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 el0c1r￿Ity 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$od during the year. The volunlaers
are in tr40 days per week bul come in othei days if required.
Thg Box & Fidd￿ Club moved to a Sunday afternoon last year and this has worked out well wth
attendance increasing slighlty.
The staffs at the One Slop Shop continued lo look al ways to incfease income and reduce
runnir>g c¢)sls throughout the year. A number of suttessful fvnding appli¢ations were submitted to
Var￿JuS funding streams during 2024.
The foottall through the One Slop Shop increased again this year due to more aelivf(iès and
services being held wtthin the Centre. 11 is ant￿ipated that footfall will increase further during the
¢oming year a$ 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 unde￿aY. The Development worker also works alongside local groups and
organisalion lo assist them wtth their projects and prov￿8 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 ant￿Ipated 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
statema￿ts fof each financial year which give a true and fair view if the slate of affrdifs of the
charity and of the income and $xpenditure of the charity ft*r that persod. In prq>aring th• financial
8latement8 thè trustees are required..
sèlect 8uitab18 accounting pOl￿teS and then appty them consistently.,
obserye the methods and pri￿lpleS in the applrable Charities SORP.,
make judgemettts and e5timales that are reasonable and prudent-,
state whether applicable accounting standards have been followed, Subl￿t to any
material departures disclosed and explained in the finan¢ial slalements.,
prepaT8 the finanual statements on the going concern basis unless it is inappropriate lo
presurne that the charty will contlnue In bu$ine$s.
The trustee3 are re3pon3ible for kee>png proper acGounting records that disclc6e with reasonable
accuracy 8t any time the fin¢no81 pogitiC*n 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
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