Shottstown Mlners Welfare Charltable Soclety Charity No. SC021017 Trustses, Report and Unaudited Accounts 31 Jantsary 2025
Shotrstown Mlners Wellare Charitsble So¢lety Contents Pa8es 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Flnancial Actlvitles Balance Sheet Notes to the Accounts 7t012 Detalled Statement of Flnanclal Actlvlties 13to14 Page I
Shottstown Mlners welfa Charitable So¢lety Trustees Annual Report The trLkStees present thelr report with the unaudited flnancial statements of the charlty for the year ended 31 January 2025. REFERENCE AND ADMINISTrATIVE DETAILS Charity No. SC021017 Prlnclpal Office 165 John Street Ponlcuik Midlothian EH26 8AT Trustees The following tru5teÈs served during the year: C. Alnsworth H. Gllllan D. Slater Accountants Phlllp Bald Accountancy 3B Omiiston Terrace Edlnburgh EH12 75J OBJEcfivES AND AcfiviTIES The charltvs objeclives, as detailed in the constltlrtion are to provlde facllltles for stjch forms of recreallon and other lelsure-tlme occupation as are conductive to the improvement of the condltlons of living of the inhabltants of Shottstown and Penicuik and the nelghbourhood thereof within the Society's sphere of uperatlons as defined from time to time and In partlcular (but not exclusively) such of the inhabitants as are members of the Mlnlng Communlty. The main activities undertaken by tho charity are the maintenance and upkeep of the Charlty's premlses, in order to generate income from the Shottstown Miners, Welfare Society and Soclal Club vla an occupation licence and donations. Any surplus funds are avallable for dlstrlbutlon to local organlsatlons as the Committee see flt in the furtherance of the Charity's objectives. ACHIEVEMENTS AND PERFORMANCE The c05t of livlng crlsSs has had an impact on the activlties of the Charity and the Social Club which supports the Charlty's artlvlties. The Management Commlttee are explorlng all options to try and grow the reverbues of the Social Club whlch will allow it to make donations to the Charity. FINANCIAL REVIEW There was a deflclt for the year, as a result of the Impact of the cost of Ilvlng crlsls and the assoclated effect on the trading in the So¢lal Club, As a result of the deflclt In the Social Club, there was no gift ald donalion for the year. The Committee aim5 to maintaln the general re5eNe at a sultable level, to allow the premise5 to be maintained in good functSonal order. The Bowls Section fund is for the purposes of rna1ntenan of the bowling green and other actlvltles undertaken by the Bowls Sectlon in the furtherance of the CharSty'S oblectlves. Page 2
Shottstown Mlners Welfare Charltable Sodety Trustees Annual Report STRucfuRE, GOVERNANCE AND MANAGEMENT The charity 15 established under a constStutlon, which established the oblectives and powers of the charltv. The con5titutlon has been In place since the registralion of the charSty with OSCR on the 31st January 1993. The trustees of charity for the purposes of charity law, as listed on above, also form the Board of the charity. The Board are appointed at the Annual General Meeting and hold office for a period of 3 years, or as when require(I to flll any vacavjcies that may arise during the year. The responsibilities of the trustees are set out below. Prlor to the start of the Annual General Meetlng, the members of the Board are required to reslBn from office an(1 are eligible for re-electlon. The Board may appoint such persons as It deems appropriate to be oxecutlve offlcers of the charlty and may delegate Such responsibilities of the Board to such person5 a5 the Board may deem necessary. Each new member of the Board Is provlded with a strLtctured Inductlon programme over the flrst year. Statement of trustees, responsibilltles In relatlon to the flnancial statements The charity trustees are responsible for preparlng a trustees, annual report and fSnanclal statements In accordance with appllcable law and Unlted Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accountlng records that disclose wSth rèasonable accuracy at any tlme the financial p051tlon of the charity and to enable them to ensure that the flnanclal statements comply with the Charwties Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provlsions of the Trust deed. The Trustees are a150 responsible for safeguarding the assets of the charity and hence taking reasonable steps for the preventlon and detpction of fraud and other Irregularities. Signed on behalf of the charity's trustees C, Ainsworth Trust@e 20 June 2025 Pa8e 3
Shottstown Mlners Welfare Charltable Socletv Independent Examlners Report Independent Emamlner's Report to the trustees of Shottstown Mlners Welfare Charitable Soclety I report to the truslees on my examinatlon of the flnanclal statements of Shottstown Mlners Welfare Charltable Society for the year ended 31 January 2025. Responslbllltles and basis of report As the charlty's trustees you are responsible for the preparatlon of the financial statements In accordance with the requlrements of the Charltles Act 20111'the Act'l. I report in respect of my examinatlon of the charlty's financial statements carried out under section 145 of the 2011 Act and In Cdrrying out my examinatSon I have followed all the appllcable DSrectlons glven by the Charlty Q)mmission under sectlon 14515llbl of the Act, Independent examlner's statement I have completed my examlnation. I can conflrni that no material matters have come to my attentlon In connection with the examinatlon glving me cause to believe that In any material respect: the accounting records were not kept In respeci of the charity as requlred by section 130 of the Act,. or the financlal statements do not accord with those records; or the financlal statements do not comply with the appllcable requlrements concerning the form and content of finan£lal statements set out In the Charlties (Accounts and fteportsl Regulations 2008 other than any requirement that the financlal statements give a 'true and falr, vlew which is not a matter considered as part of an Independent examinatlon. I have no concerns and have come across no other matter5 In connection with the examlnation to which attention should be drawn in thls report In order to enable a proper understanding of the financial statements to be reached. Philip Bald FCCA Phllip Bald Accountancy 3B Ormiston Terrace Edinbur8h EH12 7SJ 201une 2025 Page 4
Shott5town Mlners Welfare Charitable Society Statement of Flnanclal A¢tlvltles for the year ended 31 January 2025 Uniestrlcted funds 2025 Restrlrted funds Total funds Total funds 2025 2025 2024 Note5 Income and endowments from: Charitable actlvities 11,917 9,027 20,944 18,721 Total 11,917 9,027 20,944 18,721 Expendlture on: Charitable activlties Other 500 8,199 8,699 16,689 6,176 14,272 16,689 Total 17,189 8,199 25,388 20,448 Net gains on inve5tment5 Net expendlture Transfers between fund5 15,2721 828 4,4441 11,7271 Net expendlture before other gainslllossesl 15,2721 828 11,7271 14.4441 Other zalns and losses Net movement In lunds 15,2721 828 14,4441 11,7271 Reconciliatlon of funds: Total funds brought forward 168,475 1,721 170,196 171,923 Total funds carried forward 163,203 2,549 165,752 170,196 Pase 5
Shottstown Mlner5 Welfare Charltable Soclety Balance Sheet at 31 January 2025 Charity No. SC021017 2025 2024 Flxed assets Tangible assets 166,933 166,933 177,661 177,661 Current assets Debtors Cash at bank and in hand 14,771 2,582 17,353 118,5341 11.1811 165,752 5,621 1,765 7,386 114,8511 17,4651 170,196 170,196 Creditors: Amount falling due withln one year Net current liabllltles io Totsl assets less Current liabllltles Net assets excluding penslon asset or Ilabllitv 165,752 Total net assets 165,752 170,196 The funds of the charlty Restricted funds Restrlcted Income funds li 2,549 2,549 1,721 1,721 Unrestritted funds General funds li 163,203 168,475 163,203 168,475 Total funds 165,752 170,196 Approved by the trustees on 20 June 2025 And signed on thelr behalf by: C. Ainsworth Tnjstee 201une2025 Page 6
Shottstown Miners Welfare CharStable Soclety Notes to the A¢¢ounts for the year ended 31 January 2025 l Accountln8 pollcies Basls of preparatlon The financial statements have been prepared in accordance with Statement of Recommended Practlce.. Accounting and Reportlng by Charltles preparin8 their accounts in accordance with the Financlal Reporting Standard applicable in the UK and Republlc If Ireland IFRS 1021 Issued on 16 july 2014 and the Financlal Reporting Standard appllcable in the United Klngdom and Republlc of Ireland IFRS 1021 and the Charitles Act 2011. Change In ba51$ of accountlng or to previous accounts There ha5 been no change to the accountlng policles Ivaluatlon rules and method of accounting) slnce last year and no Changes have been made to accounts for previous years. Fund accountlng Unrestrlcted funds These are avallable for use at the discretion of the trustees In furtherance of the general objects of the charitv. These are available for use subject to restrictlons Imposed by the donor or through terms of an appeal. Restricted funds Income Reco8nltlon of incorne Income is included in the Statement of Financial Activftles ISOFAI when the charity become5 entltled to, and vlrtually certaln to receive, the income and the amount of the Income can be measured wlth sufflcient reliabllity. Income with related Where Income has related expenditure the Income and related expenditure Is expenditure reported gr05s in the SOFA. Donatlons and legacles Voluntary Income received by way of grants, donatlons and glfts 15 Included in the the SDFA when receivable and only when the Charity has uncondltlonal entitlement to the income. These are only included in income Iwith an equivalent amount In expenditure) where the beneflt to the Charlty is reasonably quantlfiable, rneasurable and material. Volunteer help The value of any volunteer help received Is not Included in the accounts. Investment income Thls Is included in the accounts when receivable. Donated services and facllitSes Page 7
Shottstown Miner5 Welfare Charitable Socletv Notes to the Accounts Expendlture Recognition of expenditure Expèndlture is recognlsed on an accruals basls. Expenditure Includes any VAT whlch cannot be fulty recovered, and Is reported as part of the expenditure to which It relates. Expendlture on These comprise the costs inojrred by the Charlty In the dellvery of Its activitles and charitable actlvltles services in the furtherance of its oblects, Including the makin8 of grants and governance costs. These Include those costs assoclated wwth meetlng the constitutional and statutory requirements of the Charityi including any audit/independent examlnatlon fees, Costs linked to the strategic management of the Charltyi together with a share of other administratlon costs. These are 5UPPOrt costs not allocated to a partlcular activity. Governance costs Other expendlture Tamatlon The £harlty1s exempt from tax on Sts charitable actSvltles. Tanglble fixed assets and depreciatlon Depreciation is provlded at the followlng annual rates in order to wrlte off eath asset over its estimated useful lrfe: Freehold property Recreation 8round equlpment Fixtures, fittlngs and equlpment 2% 5tralght Ilne 15% reduclng balance 15% redudng balance Trade and other debtors Trade and other debtor5 are recognised at the settlement arnount due after any trade discount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash and cash equlvalents Cash and cash equivalents tomprlse cash at bank and on hand, demand dep051ts wlth banks and other short-term highly Ilquid investments with original Thaturlties of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown wlthin borrowlngs or current liabllltles. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an Integral part of the company's cash management. Trade and other creditors Short term tredltors are measured at the transaction prlce. Other credltor5 and provlslons are recognised where the charity has a present obligation resultlng from a past event that will probably result in the transfer of ftjnds to a third party and the amount due to settle the obligatlon can be measured or estÉmated reliably. Creditors and provisions are normally recognlsed at their settlement amount after allowing for any trade dlscounts due. Receipt of donated goods, faclllties and servlces All donated good5, facllSties and services received are recogn15ed wlthln incoming resources and expendlture at an estlmate of the value to the Charily. Page 8
Shottstown Mlners Welfare Charitable Society Notes to the Accounts 2 Statement of Flnanclal Actlvities- prl¢Y year Unrestrlcted funds Restrfcted funds Total funds 2024 2024 2024 Income and endowments from: Donations and legacles Charitable activities 11,917 6,804 18,721 Total 11,918 6,804 18,722 Expendlture on: Charitable actlvltles 500 5,676 6,176 14,273 Other 14,273 Total 14,773 5,676 20,449 Net income 12,8551 1,128 11,7271 Net Income before other gains/l1055es1 Other gain5 and losses: Net movement In funds 12,8551 1,128 11,7271 12,8551 1,128 11,7271 Reconciliatlon of lunds,, Total funds brought forward Total funds ¢arried lorward 171,331 592 171,923 168,476 1,720 170,196 3 Income from charltable actlvltles Unrestrlcted Restrlcted Total Total 2025 2024 Occupatlonal licence Bowls Sectlon 11,917 11,917 9,027 20,944 11,917 6,804 18,721 9,027 9,027 11,917 4 Expendlture on charltable activities Unr8Stricted Restrlited Total Total 2025 2024 Expendlture on charltable activitles Bowls Section 8,199 8,199 5,676 Governance costs Independent examination fee 500 5C() 500 500 8,199 8,699 6,176 Page 9
Shottstown Mlners Welfare charltable Society Notes to the Accounts 5 Other expendlture Unrestrlrted Total Total 2024 2025 Premises costs Amortlsation, depre¢Sation, impairment, profltlloss on disposal of fSxed assets General adminlstrative costs 5,133 5,133 4,709 10,728 10,728 9,563 28 28 Le8al and profe55ional cost5 800 800 16,689 16,689 14.272 6 Net expendlture before tran5fets 2025 2024 Thls Is stated after charglng- Depreciation of owned fixed assets 7 Staff costs No employee recelved emoluments In excess of £60,(X)O. 8 Tangible fixed assets 10,728 9,563 Land and buildings Recreatlon ground equipment Fixtures, flttln85 and equipment Total Cost or revaluatlon At l February 2024 At 31 January 2025 Depreclatlon and impalrment At l February 2024 Oepreclation charge for the year At 31 January 2025 Net book values 303,353 303,353 9,335 9,335 167,295 167,295 479,983 479,983 145,447 8,883 147,992 302,322 6,068 68 4,592 10,728 151,515 8,951 152,584 313,050 At 31 January 2025 At 31 January 2024 9 Debtors 151,838 157,906 384 14,711 19,303 166,933 177,661 452 2025 2024 Other debtors 14,771 14,771 5,621 5,621 Page 10
Shott5town Miners Welfare Charitable Soclety Notes to the Accounts 10 Creditors: amounts falllnE due wlthln one year 2025 2024 Other loans Trade credltors other taxes and soclal securlty Accruals 2,000 2,302 11,183 3,049 18,534 2,000 1,402 8,950 2,499 14,851 11 Movement In funds Incoming resources At31 January 202S Resources expendad Atl {includlng February other 2024 galnsllossesl Restricted funds: Restricted Income funds: Bowls Sectlon Fund 1,721 9,027 18,1991 2,549 Totol 1,721 9,027 18,1991 2,549 Unrestrlcted fvnds: General funds 168,475 11,917 117,189} 163,203 Total funds 170,196 20,944 125,3881 165,752 Purposes and restrlctions In relatlon to the funds.. Restricted funds.. Bowls Section Fund The Bowls Section fund is for the purposes of maintenance of the bowling green and other actlvlties undertaken by the Bowls Sertion In the furtherance of the Charity's objectlves. 12 Analys15 of net assets between funds Unrestricted funds Restrlcted funds Total Fixed assets Net current assets 166,933 13,729 163,204 166,933 11,1811 165,752 2,548 2,548 Page 11
Shottstown Mlners Welfare Charltabie So¢lety Notes to the Account5 13 Recondliatlon of net debt Atl February 2024 At31 January 2025 Cash fk)ws Cash and cash @qulvalents 1,765 1,765 817 817 2,582 2,582 Borrowlng5 12,OlX)I 12,0001 12,0001 12,0001 Net debt 12351 817 582 Page 12
Shott5town Mlners Welfare Charitable Soclety Detalled Statement of Flnanclal Activltles for the year ended 31 January 2025 Unrestrlcte d funds Restrlcted lunds 2025 Total funds 2025 Total fund5 2024 2025 Income and endowments from: Charitablè activities Occupational licence Bowls Section 11,917 11,917 9,027 20,944 11,917 6,804 18,721 9,027 9,027 11,917 11,917 Total Income and endowments 9,027 20,944 18,721 Expenditure on: Charitable 8cllvlties Bowls Section 8,199 8,199 8,199 8,199 5.676 5,676 Gi)vernance costs Independent examination fee 500 500 500 500 500 500 Total of expenditure on charitable actlvities 5¢KJ 8,199 8,699 6,176 Premises costs Premises Insurances 5,133 5,133 5,133 5.133 4,709 4,709 General admlnlstrative costs, Including depreciatlon and amortisatlon Depreciatlon of land and buildings Depreciatlon of Recreatlon ground equipment Depreclatlon of Fixtures, fittlngs and equipment Bank charges 6,068 6,068 6,068 68 80 4,592 4,S92 3,415 28 28 10,756 10,756 9,563 Legal and professlcinal costs Accountancy and bookkeeping 800 800 800 800 Total of expenditure of other cost5 Total expenditure Net galns on investments 16,689 16,689 14,272 17,189 8,199 25,388 20,448 Net expendlture 15,2721 828 14,4441 11,7271 Page 13
Shotlstown Mlners Welfare Charltable Society Detalled Statement of Flnancial Activlties Net expenditure before other galnslllossesl Other Gains 15,2721 828 14,4441 11,7271 Net movement In funds 15,2721 828 14,4441 11,7271 Reconciliation of funds: Total funds brought forward 168,475 1,721 170,196 171,923 Total funds carrled forward 163,203 2,549 165,752 170,196 Page 14