MUSSELBURGH MINERS. CHARITABLE SOCIETY REGISTERED CHARITY NUMBER SC021014 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
MUSSELBURGH MINERS. CHARITABLE SOCIETY REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 INDEX CONTENTS PAGE Charty Information Trustees, Report Independent Auditors Report ststement of Financial Activities Balance Sheet Notes lo the Financial Statements 10-13
MUSSELBURGH hllNERS' CHARITABLE SOCIETY LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEPJIBER 2024 CHARITY REGISTRATION NUMBER SC021014 TRUSTEES PRINCIPAL ADDRESS Prestongrange House Prestonpans East Lothian EH32 9RP AUDITORS Rackhams Accountants 3 MeKon Park Redcliff Road Melton HU14 3RS AcCOUNTArS CISWO ITRdingl Ltd The Old Rectory Rtory Drive Whislon Rotherham S60 4JG
MUSSELBURGH MINERS, CHARITABLE SOCIETY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees Present their annual report and financial statements of the charity for the period ended 31 December 2024. The financial slalements have been prepared in accordance wlh the accounting policies set out in Note 110 the accounts and comply with the charity's tsusl deed, thè Charities and Trustee Investment Iscotlandl Act 2005, the Charities Accounts (Scollandl Regulations 20¢% las amended) and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their a¢coun15 In accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014. Ob ectives and Revlew of Activities The objectives of the society are to provide facilities for such fomis of reciealion and other leisure lime occupation as are conducive to the improvement of the condits'ons of living of the inhabitants of Mus5elburgh, Port Seton. Cockenzie, Prestonpans and the neighbourhood thereof within the Society's sphere of operats'on as defined from lime to bme and in particular Ibut not exclusively) such of the inhabitants as are members of the Mining Community provided that nothing herein contained shall the applicats'on of the propety to which are not in law charitable. The Society shall not be identified wlih any paty or secl. The Clubhouse and Golf Course facilities have again been used free of charge by numerous Charits'es to help finance their fund raising schemes. Many concessionery Fourball tee times on the GOW Course are given as fund raising donations lo Charities. We will ¢onlinue lo allow charitsble fvnd raising events to be held within our premises provided that they meet the lemis and regulations pertaining lo our licence. A¢higvoments and Pgrfonnancg Business Review and Plans for the Future Over the past year the management team has continued to give specific direction to departmental heads with regard to cost saving Measu$, whilst also ¢onlinuing lo efthan the members and visitors experience at Preslongrange. The importance of a cohesive governance stnjcture is now well embedded into the organisation, with active participab.on from the management team in all aspects of the forward pknning requirements, particularly in relation lo major capitsl projects. The importance of placing the organisab'on at the corre¢l point in the mathet has meant continued refreshment of the membership and visitor focus throughout the year. This has been mainly due lo changes in the national and european polttical ¢lim*e and will conb'nue to influence policy going foard. The main drive for improvements on the golf Coufse is broken down into manageable and affordable projects", which inevitably leads lo taking more lime lo achieve the end result,. bul always working within the budgetary framework. Continued...
MUSSELBURGH MINERS. CHARrrABLE SOCIETY EPORT OF T RUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 CONTINUED ncial Revl The results for the year are sei OLrt on page 8 and 9 of the anIs. Golf income has Increased by £41,159. Charitable expenditure has decreas&J by £19.819 wherea$ goveinance costs have increased by £7,509. Princi al Fundin Sovrce3 The principal funding 3ourGe continued lo be Ihat of fflembership wbscriplions the level of which are Gurrenly unL1er annual revlew. The Trusteas malntaln adoquat• rg8•rvo$ to moot tho fvnding r?quiremenl8 oftha chaity. Structure Goyemance and Mana ement Governln Document Musselburgh Miner5 Charitable S¢oryety was estsblshed in 1992. The Coal Industry Soclal Welfare Organisalion IC.I.S.W.01 purchas2d the grounds and house known as Preslongrange House, Preslonpans, cr?ats'ng the Miners Soc181 Welfare Club IMus$elburghl. This move inwrporaled the Royal MusseIrgh Goll C)Jb who had, ovef many years . leased the Pfoperty Irom the Grant Sutiie Estate. The lease having rJn out, C.l.S.W.O., vthich at that tirne was run in Conjuctn with both the Nat¥Jnal Coal Board and the respeelve Trade Unicns in the Mining Industry. were made aware of the situation and prlIde the money for the cnge in ovmership. ent ndA Tru8tseg There ale four Tnjstees appointed. Th03e who have served during the year are set oul on page 1. WI1(PreSI1ynti, VICe Presldenti. Treasurer) and SeGretsryi. The Irusleeship is held by the per50n5 in office, namely The Presl(knnl, Vlce President, Treasurer and Secretsry. The remainder of the Managernenl Committee comprises an additional 8 members plus the Royal Musselburgh Gow Club Captain lin postl and Lady Captain vkno ale appointed lex officiol lo seThe on the Committee for the period of ts¥o yeats as CaptainlLady Captain. The membèrs of the Managèment Commltteè rellre by rotslion 4fter 3 ye4rs and can Seek re.election. Tha spp¢+intm8ntg of Prosidont, Vic8 Presidant. Tr8asur•r and S•er•lary 8r• rrAd• by th¢ Management Committee al the fiT81 Management Committee Meeting after the Annual General Meetlng. Contlnued...
MUSSELBURGH MINERS, CHARITABLE SOCIETY REPORT OF T E TRUSTEES FOR THE YEAR ENDED 31 DECEM8ER 2024 CONTINUED The induction and training ollhe Trust8es is carried out during their tem of seNice on he Management Committee. Rdated Paruos Th? charty shales coffttnon fTuste&5 and adtnini51tation with the Mine15' Soaal Welfaig Club, Muwlburgh. The trustees ol the Chaiity are elso Trustees of the Miners Soclal Vvelfare Clvb Imusselburghl. Health and Safety is$ue$, Fire Risk Asse$$rnenl, Oi$abHity RegLQatrons aTrJ 11 HR & legal is$ug$ working with Peninsula Buyness Serwices are the sole responsibilty ol the Managernent Secretary. The Charity ¢onttnues to employ PeninsuLa eusness 8eNces adv1 Heanh and Safety matters and are indebted lo Iheffl for their continued sUPPOrt. FMS Fire & Safety Ltd advise u8 on matters 1th"n9 to fire pree8Utions and rfzk assessment. These duties are carrièd out on a rggular ba$1$ and a fir¢ log 0k is kept w fib. All our $taff arg cantinually updated on any ange8 to the regulatiort$ and $ev8ral member3 01 staff have fitst aid training. ststem•nt of Truste85 Res ons5blllttes Law applicable to d)arilies in Scotland requires '.he charity Iruslees tro prepare finanual stslernenls for each year bthich gwe a true and fw"r Mew of the stale of allays of the chanty and ol the inrne and expenclilure ol the GhaTIty for that perfod. In prepartng the nnandal ststents the trustees are requtred to.. $01gct $uitsble accoEmln9 polictes and h8n aFply th8m consistsntly., obsave the melhods aTrJ principles n thè app.'icable Charities SORP,. rnake judgernenls and e5tirnates knal are reasonable and prudent. stale whether applicable aOuntIng standards have been followed, subject to any material departwes disclos&g and explained in tte finanaal stateEnts.. prtpare the finantxal statements on the going concem basls u?88 It Is inaFpfCPrtaie to PSume Ihat tharity will conllnue in twJs4ness. The trustees are responsible forkeeping properaccountirvj records that dBclosewlh reasonable accuracy at any lime the finwcial posih'on oflhe charity and lo enablelhem ensurelh the finanaa statements cx)rnP th the Charify and Trustee Investment IS¢thandl Act20D5, the Charity Accounts Iseollandl Regulations 20C6 las amended) and the provisions ol the IN51 deed. They are also responsible lor safeguarding the asgets of the charity and for taking reasonable steps lortt)e prevention and deteclion of traud and other Irregularilles, The r4rgfulty rnan•Jlng the fina¥ and ale 50U¥fl thal N M¢ll bE le tg orrtinue to meet its ot4ig8tions lor tho foreseeable luiltre. Approved by thè IrtJste8s and slonad on thelr tr811 ty. 1. 202S ru&tee and Pr¢&idenl
DE IT MUSSELBURGH MINERS, CHARITABLE OCIETY Ooiiiion We have audited the financial Statements of Mus5elburgh Miners, Charitable Society ['the charity.) for the year ended 31 December 2024 which comprlse Statement of Financhal Activilies. the Balance Sheet, the Reconciliation of Funds Statement and notes to the flnanclal statements. Includlng signlficant accounting policies. The financlal reporting framework that has been applled In thelr preparatlon Is applicable law and United Kingdom Accounting Standards, including Fqs 10? TIIE F'i1117iiciiii Rp ?01-tiiiii it(IlT(liiJ-(l £iyJliiiiiTrle iii &li. JA (Iiiil Pi¥Plli?lic" DI li"Jl{l.'lil (United Kingdom Generally ACpted Accounting Practlce). In our opinion, the financial statements.. "give a true and fair view ofthe state of the charity's affairs as at 31 December 2024 and of its incomin8 resources and application of resources for the year then ended; •have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and •have been prepared in a¢cordan¢e with the requirements OF The Chorities t7nd Trustee Investrnent[ScotlondJ Act 200 Jais foi Dpiniojl We conducted our audSt In accordance wlth Internatlonal Standards on Audltlng [UK) [ISAs (UK)) and applicable law. Our responsibilities under those standards are further described In the Auditors responsibilitiesfor the ouditof thefinoRcioI statements sertron ofour report We are independent ofthe charlty In accordance wlth the ethlcal requlrements that are relevant to our audEt of the ftnancial ststements in the UK, including the FRC'S Ethical Standard, and we have lfilled our other ethical responsibillties in accordance with these requirements. We believe that the audit evidence we have obtained 15 sufficientand appropriate to provlde a basis for our opinion. In audltlng the financial statements, we have concluded thatthe trustees. use of the golng concern basis of accountSng In the preparatlon of the financlal stsrements Is approprlate. Based on the work we have performed, we have not Identlfied any materlal uncertalnties relatSng to events or conditlons thaL individually or collectively, may cast signlficant doubt on the charlty's abillty to contlnue as a going concern for a period ofat least 12 months from when the financial statements are authorised for Issue. Our re5pon5ibilitles and the responsiblllttes of the trustses with respect to going conrn are described In the relevant sections of this reporL The other 5nforniation comprfses the Inforniatlon Included Sn the annual report, Sncludlng the trustees, report, other than the financial statements and our auditorfs report thereon. The trustees are responsible for the other inforniation contsined within the annual report Our opinion on the financial statements does not cover the other inforniation and. except to the extent otherwise explicitly stated in our report we do not express any form of assurance conclusion thereon. Our responslbllity is to read the otherinformation and in doing so. consider whether the other inforniation is materially incon5i5tent with the financial statements or our knowledge obtained in the course ofthe audiL or otherwise appears to be materially misstated. If we identify such material inconsistencie5 or apparent materfal mlsststements. we are required to determiT)e whetherthis gives rise to a material misstatement in the tlnanclal statements themselves. If. based on the work we have perfomed. we conclude thatthere is a matejlal misstatsment of thls other Inforniatlon, we are requlred to report that fact We have nothlng to report In thls regard.
INDEPENDENT AUDITOR'S REPORT MUSSEL8URGH MINER ' CHARITABLE In the Ilght of the knowledge and understandlng of the charSty and Its envlronment obtalned in the course of the audiL we have not identified materlal misstatements In the trustees, reporL We have nothlng to report In respect ofthe followlng matters in lation ro which the Charities Accounts (Scotland) Regulatlons 2006 requlre us to report to you If, In our oplnion.. •the Snformatlon given in the trustees, report Is Inconslstent In any material respect wlth the flnanelal sratements; or •sufficient actounting retords have not been kept,. or •the financlal statements are not in agreement with the accountSng records,. or •we have not received all the inforniat5on and explanations we require for ouraudlL P,>ivonhibilitiJs or li usI?as As explalned more fully in the trustees, responslblllties statement set out on page 4. the trustees are responsible for the preparation of the ftnancial statements and for being sats'sfted that they give a true and rair view. and forsuch internal control a5 the trustees determine 15 necessary to enable the preparation of Anancial statements that are free frorn material TnisststemenL whether due to fraud or error. In preparing the financlal statements, the trustees are responsible forassesslng the charitys abilltyto continue as a going concern, disclosin& as applicable. matters related to going concern and using the going oncern basi5 of accounting unless the tN5tees either intend to liquidate the charity or to cease operattons. or have no reallstlc alternatSve but to do so. )Uilitr 9r tli a FiJll11ri31513lemonP' We have been appointed as auditor under Section 144[1)ID Charities and Trustee Investment(ScotlondJ Act 3005and report in accordance with the Act and relevant regulation5 made or having effett thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements a5 a whole are free from material misstaternent. whether due to fraud or error, and to issue an auditor'5 report that includes our opinion. Reasonable assurance is a high level of assurance. but is not a guarantee that an audit conducted in accordance with ISAS IUK) will always detect a materfal misstatement when St exlsts. Mlsstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to inlluence the economic decisions of user5 taken on the basis of these financial statements. Irregularities. including fraud are Instances of non.compliance with laws and gulationS. We deslgn procedures In Ilne wlth our responsibilitles. outlined above, to detect matertal mlsstatements In respect of irregularlties. includlng frau(L The extent to whSch our procedures are capable of detecting irregularities, iT)cludlng fraud is detalled below- As part of our planning process.. We enqulred of management the systems and controls the charity has in place, in the areas of the financial statements that are mostly susceptible to the risk of irregularities and fraud, and whether there was any known. su5perted. or alleged fraud. We obtained an understanding ofthe legal and regulatory framework5 applicable to the charity and we determined that the followng were most relevantr. FRS 102. The Charities and Trnstee Investment (Scot]and) Art 2005. Health and Safety at Work Attand Employment Law.
NDEPENDEN DI MUSSELBURGH MINERS, CHARrrABLE SOCIETY We CDnsldered the incentr'ves and op]K>rtyJnities that ex5st In the charlty, Including the extentof management bias,which present a potential for irregularlttes and fraud to be perFetrated. and tailored our risk assessment accordingly. Uslng our knowledge of the charlty, together wilh the dlscusslons held wlth the charlty at the plannlng Stage, we fornied a concluslon Dn the risk of mlssratettLetLidue to irregularities, IncluditL8 fraud, atld tailored ourprocedures accordlns to thls rtskassessmenL The key procedures we undertook to dct Irregularitles Sndudlng fraud durlng the course ofthe audlt Included: Identifying and testingjournal entriesand the overall a¢countlng rea)rds. In partlcular, we tsstsd Items that were signifl¢Jnt and unusual. • Revtewln8 the flnancial statement dlsdosures and deternilnlng whether attourttirtg policies have beert appropriely applied Reviewlng and challenging the assumptlons and judgements used by management In thelr slgnlficant accountlng esttmates. In particular, 5Ye considered going cDncern and Impairment oFtrade debtors. • Assesslng the extentof compllance,orlac* of, wlth the relevant jaws and regulatlons. • Testlng key revenue Ilnes. Performing physlcal verlficationof ke) assets. . Obtalnlng thlrd party conflm)adtsn of ]naterlal balances. Documèntkng and verifyin8 all slgnlfic2nt relatèd party balancès and transaetion5. Reviewlng documentation such as the -harfty board mlnutes, correspomlencewiih sollcltors, for discussions of iryegularities indudin8 fraud. A further d¢5crlptiorL of our re5pgnsibillile5 for the audit of the financial 5tatement5 Is locatrd on the Financial Reportlng Councll's website at., wiww.81'i.OTS.Lik/aLidit0151-esy70115ibilities. Thls descrtptyon forms part of ouraudltorfs report Use 91 Olji Thls report15 made solely to the charity's trustee5, as a body. In accordance wlth The Charltles and Trustee Inve5trnent (Scotland) Act 2005. Our audlt work has been underraken so that we mlght srate to the trustees those rnatters we are requlred to state to them in an audieoWs report and lor no other purpose. To the fvllest extent permitted by law. wè do rtot accept or assume responsibility to anyone other than the eharty's tru5teeg as a body. Forour audlt work ftr thls repori rjr for the opinlons wè havè formed Rackham's Accountants Llmited 3 Melton Enterprtse Park Redcliff Road Melton Ea5tYorkshlre HU14 3RS 21 August 2025
MUSSELBURGH MINERS. CHARITABLE SOCIETY STATEMENT F FINANCIAL ACTIVITIES THE YEAR ENDED 31 DECEMBER 2024 20 Incomg from ¢harftable actlvrtlgs - Subscriptions Visitors, fees 434,113 166,080 409.978 149,056 800,193 559.034 Income from other tradln act5vStles - Occupation licen¢e Function room hire & catering Rental income 15,600 4,895 13.493 5,026 14,332 33,788 Total Income 619,551 592.822 Ex gndlture Charitable expendilu 467,139 486,958 Governance and support costs 163,569 156,060 Total Expendlturn 630.708 643.018 Net movement In lunds {11,157) 150,1961 Total fvnds brought foThMrd 511,869 562,065 Totsl funds ¢arrfed forward 500,712 511,869
MUSSELBURGH MINERS. CHARITABLE SOCIETY BALANCE SHEET AS AT31 DECEMBER 2024 2024 2023 Nota FIXED ASSETS Tangible assets 651,870 631,544 URRENT ASSETS Stock Debtors Cash at bank and in hand 950 137,509 75,974 1,350 90.471 214,433 91.885 LESS: CURRENT LIABILITIES Creditors falling due within olle year 1328.9191 1152,094) NET CURRENT LIABILITIES 1112,486) {60,2091 TOTAL ASSETS LESS CURRENT LJABILITIES 539,384 571,335 cditorS falling due after one year 138,672) (59,4661 TOTAL NEf ASSETS 500,712 511,869 Unrestricted funds 500.712 511.869 500.712 511.869 The accounts were approved by the trustees and gned on their behalf by.. ru5 resi ent resi enl
MUSSELBURGH MINERS. CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1. ACCOUNTING POLICIES (al Ba$1$ of prgparation and assessment of going concem The financial statements have been prepared under the historical cost convention wlh items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial ststernenls have been prepared in accordance with the Slalement of Recommended Practi¢e'. 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 IFRS 1021, the Charities and Trustee Investment Iscollandl Act 2005 and the Charits'es Accounts (S¢ollandl Regulations 2006 las amended). The trustees consider that there are no materk?l uncertainties about the Trusvs ability to continue as a going concern. The trustees have a reasonable expectation that the Trust has adequate reseNes lo continue in operational existence for the foreseeable future. Accordingly, the trustees continue to adopt the going concern basis in the preparation of the accounts. Ib) Income Recognltlon Income 1$ recognised once the charity has ents'llemenl to the income, it 1$ probable that the income will be ceiVed and the amount of income receivable ¢an be measured reliably. Donations are recognised when they are received. Icl Expgnditurfr Recognition Liabilities are recognised as expenditu as soon as there is a gaI or constructive obligation committing the charity lo that expenditure, it is probable that setuement will be required and the amount of the obligation ¢an be measured reliably. All expenditure is accounted for on an accruals basis. (dl Tangiblg fixgd aets and depreclatlon Depreciation is provided al rates calculated to write off the cost or valuation less residual value of each asset over its expected useful life as follows.. Furnishings & equipment Layering & levelling of ground Recreation ground equiprnenl Straight line method over 5 years Straight line method over 20 years Straight line method over 10 years 10
MUSSELBURGH MINERS. CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2. TANGIBLE FIXED ASSETS Heritable Furnishing & Layering & Re¢atIOn Propety & Equipment Levelling of Ground Improvernents Ground Equipment Plant & Machinery Totsl Cost At 1 January 2024 Addition$ 583,276 400,984 155.173 280.822 42.132 1,462,387 30.000 30,000 At 31 December 2024 583.276 400.984 155,173 280,822 72,132 1,492.387 recialion Al 1 January 2024 Charge for the year 400.984 139,178 4,963 275,842 498 14.839 4,213 830.843 9.674 At 31 December 2024 400,984 144,141 276,340 19,052 840,517 Net Book Value At 31 December 2024 583.27S 11.032 53.080 651.870 At 31 December 2023 583.276 15,995 27.293 631.544 2023 3. OEBTORS Miners, social welfare club Trade debtors VAT Prepayments 123,504 78.602 510 921 13,084 11,359 137.509 90.471 11
MUSSELBURGH MINERS. CHARITABLE SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 4. CREDITORS: Amounts fallin du¢ within ong ear R8S current account overdiawn RBS loan RBS Coronavirus business interruption loan ICBILS) PAYE & NI Trade Credrtors Accruals VAT RBS credit card Other creditors Energy Saving loans Credit agreements Members loan Prepaid subscriptions 33,161 13,295 32.000 4,428 30,511 7,274 732 1,276 2,221 3.204 3,992 20,000 32,000 3,667 22,956 8.315 1.049 2,330 3,204 8,158 50,000 195,240 326.919 152,094 2024 2023 5. CREDITORS: Amounts fallin due aftorone oar R8S Coronavirus business interruption loan ICBILSI Energy saving loans Credit agreements 13,333 6.055 19,284 45,333 9,259 4.874 38.672 59.466 The C8ILS has a partial guarantee - 80% is undeN4ritten by the government The Energy saving loans are interest free 12
MUSSELBURGH MINERS. CHARITABLE SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 gndlturo 6. Charitable Ex enditure Staff costs course & professional Pension costs Premises upkeep Course upkeep Machinery leasing Practice area rent Sofvare Depreciation Advertising 200,629 3.532 112,238 118.583 2,410 5,500 3,651 9,674 10,922 181,827 3.633 97,748 170.319 9,061 5,500 688 9,177 9,005 467.139 486,958 7. Governance and su ort costs Stsff costs house & administration Kitchen equipment hire & ¢o$ts Adminislralion Legal & professional fees Bookkeeping, accounting & audit fees Bank & card charges Loan interest 84,677 14,258 31,629 2,514 21,052 7,688 1,751 87,215 36.503 2,544 16,460 9,182 4,156 163.569 156,060 13