GLENROTHES MINERS CHARITABLE SOCIETY STATEMENTS OF ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2026 SCOTTISH CHARITY REFERENCE $C019119
GLENROTHES MINERS CHARITABLE SOCIETY INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| CONTENTS | PAGE |
|---|---|
| LEGAL AND ADMINISTRATIVE | 4 |
| INDEPENDENT EXAMINERS REPORT | 2 |
| STATEMENT OF FINANCIAL ACTIVITIES | 3 |
| BALANCE SHEET | 4 |
| NOTES TO THE FINANCIAL STATEMENTS | 5-6 |
| REPORTOFTHETRUSTEES | 7-8 |
GLENROTHES MINERS CHARITABLE SOCIETY LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 JANUARY 2026
| ADDRESS | South Street |
|---|---|
| Glenrothes | |
| Fife | |
| KY7 5NL | |
| TRUSTEES | D Gregory - President |
| D Coulter - Vice President | |
| C Murray - Treasurer | |
| INDEPENDENT EXAMINER | J Wallage FCA |
| CISWO (Trading) Ltd | |
| The Old Rectory | |
| Rectory Drive | |
| Whiston | |
| Rotherham | |
| $60 4JG | |
| BANKERS | Bank of Scotland |
| 9 Falkland Gate | |
| Glenrothes | |
| Fife | |
| KY7 5LW | |
| CHARITYREFERENCE | $C019119 |
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GLENROTHES MINERS CHARITABLE SOCIETY INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 JANUARY 2026
| report to the trustees and members of Glenrothes Miners Charitable Society (Registered Charity Number $C019119) on the accounts for the year ended 31 January 2026 as set out on pages 3 to 6.
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 trustees consider that the audit requirement on Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1)(c) of the Act and to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination is carried out in accordance with Regulation 11 of the 2006 Accounts Regulations. 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 trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the accounts.
Independent examiner's statement
In the course of my examination, no matter has come to my attention
-
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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tokeep accounting records in accordance with section 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts Regulations, and
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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.
cecum i MMA oft 29 March 2026 J Wallage FCA
On behalf of CISWO (Trading) Ltd
The Old Rectory Rectory Drive Whiston Rotherham $60 4JG
Page 2
GLENROTHES MINERS CHARITABLE SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR2026000THE YEAR ENDED 31 JANUARY
| 2026 | 2025 | |||
|---|---|---|---|---|
| £ | £ | £ | £ | |
| INCOMING RESOURCES | ||||
| Occupational Licence | 20,200 | 20,200 | ||
| Gift-Aid Covenant | - | 1,391 | ||
| Total receipts from Glenrothes Recreation Centre & Social Club | 20,200 | 21,591 | ||
| Subscriptions | 8,258 | 11,092 | ||
| Snooker | 18,022 | 13,348 | ||
| Hall and kitchen rentals | 12,724 | 8,189 | ||
| Donations and other income | 2,450 | 2,819 | ||
| Interest | 214 | 369 | ||
| Income generated through Social and Sporting sections | 71,114 | 43,917 | ||
| Total Income | 132,982 | 101,325 | ||
| USEOF RESOURCES | ||||
| Rates, water and insurance | 16,584 | 17,258 | ||
| Repairs, maintenance and leases | 4,072 | 13,953 | ||
| Accountancy Fees | 1,678 | 1,598 | ||
| Honoraria | 978 | 1,750 | ||
| Printing, stationery, legal, software and othercosts | 3,669 | 3,410 | ||
| Depreciation | 5,050 | 4,109 | ||
| 32,031 | 42,078 | |||
| Community, Sporting and Social activities | ||||
| Minibuses, trips, motor | 422 | 1,530 | ||
| Sporting activities | 4,150 | 4,050 | ||
| Community donations | 1,500 | 1,420 | ||
| Darts sponsorship and support | 4,818 | 5,317 | ||
| Shows, discos, artistes, indoorgames and catering | 79,733 | 67,496 | ||
| ss | sts=«<‘i«‘*‘« | |||
| Total Expenditure | (422,654) | A24«8941) | ||
| NETMOVEMENT IN FUNDS | 10,328 | (20,566) | ||
| RECONCILIATION OF FUNDS STATEMENT | ||||
| Funds brought forward | 357,227 | 377,793 | ||
| Net Surplus / (Deficit) forthe year | 10,328 | (20,566) | ||
| Fundscarriedforward | 367,555 | 357,227 |
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GLENROTHES MINERS CHARITABLE SOCIETY
BALANCE SHEET FOR THE YEAR ENDED 31 JANUARY 2026
| Note | 2026 | 2025 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| FIXEDASSETS | 2 | 366,205 | 366,037 | ||
| CURRENT ASSETS | |||||
| Debtors | 3 | 2,457 | 1,523 | ||
| Bank of Scotland Current Account | 5,701 | 4,349 | |||
| Bank of Scotland - Savings Account | 30,016 | 31,791 | |||
| Cash floats | 1,200 | 1,200 | |||
| 39,374 | 38,863 | ||||
| CURRENT LIABILITIES | |||||
| Creditors | 4 | 38,024 | 47 673 | ||
| 38,024 | 47,673 | ||||
| NET CURRENT ASSETS/ (LIABILITIES) | 1,350 | (8,810) | |||
| TOTALASSETS LESS CURRENT LIABILITIES | 367,555 | 357,227 | |||
| NETASSETS | 367,555 | 357,227 | |||
| Financed by: | |||||
| Unrestricted funds | 367,555 | 357,227 | |||
| TOTAL FUNDS | 367,555 | 357,227 | |||
| We approve these Statements ofAccount for the | year ended 31 January2026 | 2026 and confirm thatwe have | |||
| made available all relevant records and information for their preparation. | |||||
| Approved by the Trustees and signed on their behalf by: | |||||
| CliffMurray cote | lan Murdoc¢h | ||||
| Treasurer | Secreta |
Approved by the Trustees and signed on their behalf by:
29 March 2026
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GLENROTHES MINERS CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
NOTE 1 ACCOUNTING POLICIES
(a) Basis of preparation and assessment of going concern
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 {as amended).
The trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern. The trustees have a reasonable expectation that the Trust has adequate reserves to continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in the preparation of the accounts.
(b) Income Recognition
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations are recognised when they are received.
{c) 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. All expenditure is accounted for on an accruals basis.
(d) Tangibie fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows:
Sundry equipment - 20% straight line Mini bus - 20% straight line
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GLENROTHES MINERS CHARITABLE SOCIETY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
| NOTE | 2 | TANGIBLE FIXEDASSETS | Land | & | Motor | Fixtures& | Total |
|---|---|---|---|---|---|---|---|
| Buildings | Vehicles | Equipment | |||||
| £ | £ | £ | £ | ||||
| COST | |||||||
| At 1 February2025 | 351,977 | - | 223,884 | 575,861 | |||
| Additions | - | 4,000 | 1,218 | 5,218 | |||
| Disposals | - | - | - | - | |||
| At 31 January2026 | 351,977 | 4,000 | 225,102 | 581,079 | |||
| DEPRECIATION | |||||||
| At 1 February 2025 | - | - | 209,824 | 209,824 | |||
| On disposals | - | - | - | - | |||
| Charge for the year | - | 800 | 4,250 | 5,050 | |||
| At 31 January2026 | - | 800 | 214,074 | 214,874 | |||
| NET BOOKVALUE | |||||||
| At 31 January 2026 | 351,977 | 3,200 | 11,028 | 366,205 | |||
| At 31 January2025 | 351,977 | - | 14,060 | 366,037 | |||
| 2026 | 2025 | ||||||
| NOTE | 3 | DEBTORS | £ | £ | |||
| Accounts receivable | - | a | |||||
| Prepayments | 2,308 | 683 | |||||
| Debtors -VAT repayable | 149 | 829 | |||||
| 2,457 | 1,523 | ||||||
| NOTE | 4 | CREDITORS | |||||
| Accruals | 1,678 | 1,598 | |||||
| VAT payable | 28,915 | 14,532 | |||||
| Due to Glenrothes Recreation Centre & Social Club | 7,431 | 31,543 | |||||
| 38,024 | 47,673 |
NOTE 5 EMPLOYEE COSTS
The Charitable Society employs no staff. Any employee costs incurred are shown in the accounts for Glenrothes Recreation Centre and Social Club.
Page 6
GLENROTHES MINERS' CHARITABLE SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2026
The trustees present their annual report and financial statements of the charity for the year ended 31 January 2026. The financial statements have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the charity's trust deed, 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 published on 16 July 2014.
Structure, Governance and Management
Glenrothes Miners Charitable Society (the Charity) is registered with the Office of the Scottish Charity Regulator under the number SCO19119. The Charity is managed by a Board of Trustees. The Trustees are the office holders of the Charity (President, Vice-President, Secretary and Treasurer) whose names are shown on page 1.
The charity is responsible for maintaining the premises and its contents and grounds in a suitable state of repair for use by those who live in the surrounding area. It raises income through various charitable, sporting and social activities for local residents and from hiring out its facilities to the general public, but a substantial amount of its income comes from its connected social club, Glenrothes Recreation Centre and Social Club, which pays an annual occupational licence fee to the charity in order to run its business from the charity's premises. In addition to this, the Club also transfers any profits it makes to the charity under a Gift Aid agreement so the trustees work closely with the Club's officials to try and ensure the Club is profitable, thus ensuring extra income for the charity.
Objectives and Review of Activities
The objects of the charity to provide facilities for such forms of recreation and other leisure time occupation in order to improve the conditions of living of the inhabitants of Glenrothes and the surrounding neighbourhood, particularly (but not exclusively) those who are members of the coal mining community.
The charity has faced yet another challenging year. However, the trustees have remained committed to assisting local authorities by providing affordable hall rental for their meetings. Their dedication to serving the community has not wavered and they have worked diligently to ensure that the facilities are accessible for various gatherings and groups.
Throughout this year, the charity has continued to extend its support to other local charities by facilitating the use of the venue for fundraising events. This initiative has allowed the trustees to contribute positively to the community while also fostering a spirit of collaboration among local organisations. Their efforts have been instrumental in promoting charitable activities that benefit those in need.
In addition to its charitable endeavours, the Society has consistently supported its sub-sections which include Snooker, Golf and Darts. The trustees have organised various social events for the members, creating opportunities for engagement and cameraderie. These activities not only enhance the experience of members but also strengthen the bonds within the community, ensuring the charity remains a vital part of the local landscape.
Financial Review
The charity showed a net surplus of £10,328 for the year, a great improvement on the deficit of £20,566 last year, and the trustees are understandably pleased with this result. They are particularly pleased that income has increased and hope that this trend will continue into the coming year. They will continue to look for new ways to increase income while maintaining the facilities on offer and will also continue to work with management at the Social Club to support them as they strive to return the Club to profitability.
Page 7
GLENROTHES MINERS' CHARITABLE SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JANUARY 2026 (CONTINUED)
Investment Policy
The charity does not have an investment policy as the charity does not hold sufficient funds to consider any sort of investment at this time. The trustees will continue to monitor this situation and make changes accordingly.
Risk Management
The trustees are aware of the operational and financial risks which the charity faces and regularly reviews those risks to mitigate against any impact they may have on the charity. The major risks facing the charity are the continued success of the connected social club from which it derives its main funding, the support of individuals and the community in using the facilities and the introduction of the younger generation to provide for the future. The trustees work closely with the committee and members to address these risks.
Reserves Policy
It is the policy of the trustees to maintain unrestricted funds which are the free reserves of the charity at a level to provide sufficient funds to cover anticipated administration and support costs for a period of twelve months. Any additional reserves are held to provide a capital fund for repairs that will be required for the upkeep of the premises.
Statement of Trustees' Responsibilities
Law applicable to charities in Scotland requires the charity trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing the financial statements the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the applicable Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity and Trustee Investment (Scotland) Act 2005, the Charity Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
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Cliff Murray - Tréasurer
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P yy L
lah Murdoch - Secretary
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29 March 2026
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