Shottstown Mlners Welfare Charitable So¢letv Charlty No. SC021017 Trustees, Report and Unaudlted Accounts 31 january 2026
Shottstown Mlners Welfare Charitable Soclety Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of FSnanclal Activlties Balance sheet Notes to the Accounts 7t012 Detalled Statement of Financial Artivlties 13to14 Page I
Shottstown Mlners Welfare Charltable So¢lety Trustees Annual Report The trustees present their report wlth the unaudlted financial statements of the charity for the year ended 31 january 2026. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. SC021017 Prlncipal Office 165 John Street Penicuik Midlothlan EH26 8AT Trustees The followlng trustees served durlng the year. C. Ain5WOrth H. Gilllan K. McKay D. Slater Aecountants PhllSp Bald Accountancv 3B OrmlstDn Terrace Edlnburgh EH12 7 OBIECTIVES AND ACTivrriES The charit15 objectives, as detalled In the constitution are to provide facilltie5 for such forms of recreation and other lelsure-tlme occupation as are conductive to the improvement of the condition5 of livlng of the inhabitants of shottstown and Penlculk and the neighbourhood thereof wlthln the Society'5 sphere of operations as deflnÈd from time to tSme and in particular Ibut not exclusively) such of the InhabStants as are member5 of the Mining Communlty. The main activitles undertaken by the charlty are the malntenance and upkeep of the Charity'5 premlses, In order to generate income from the Shottstown Miners, Welfare Society and Social Club via an occupation licence and donations. Any surplus funds are avallable for distribution to local organisations as the Commlttee see fit in the furtherance of the Charity's objective5. ACHIEVEMENTS AND PERFORMANCE The cost of living crisis has had an Impact on the activitie5 of the charlty and the Soclal Club which supports the Charlty's activSties. The Management Commlttee are explorlng all options to try and grow the revenues of the Social Club which will allow it to make donatioris to the Charity. FINANCIAL REVIEW There wa5 a deflclt for the year, as a result of the impact of the cost of living cri515 and the assoclated effect on the tradlng in the Soclal Club. As a result of the deficit In the Soclal Club, there was no glft aid donation for the year. The Commlttee aims to maintain the general resetve at a suitable level, to allow the premlses to be malntained in good functlonal order. The Bowls 5ectlon fund 15 for the purposes of malntenance of the bowling green and other activlties undertaken by the Bowls Sectlon In the furtherance of the Charily's objectlves, Page 2
Shottstown Mlners Welfare Charltable Soclety Trustees Annual Report STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is establlshed under a constitution, which established the objective5 and powers of the charlty. The constitution has been in place slnce the re8iStratlon of the charity with OSCR on the 3tst January 1993. The trustees of charity for the purpose5 of charity law, a$115ted on above, also form the Board of the charity. The Board are appointed at the Annual General Meetlng and hold offScè for a perlod of 3 yèars, or as when requlred to fill any vacancies that may arlse durlng the year. The re5ponslbllltles of the trustees are set out below. Prior to the start of the Annual General Meetln& the members of the Board are requlred to reslgn from office and are ellglble for re-election. The Board may appolnt such persons as It deems approprlate to be executlve offlcers of the charlty and mav delegate such responslbllities of the Board to such persons as the Board may deern necessary, Each new member of the Board Is provided with a structured induction programme overthe first year. Statement of trustee5' responslblllties In rÉlatlon to the flnanclal statements The charity trustees are responslble for preparlng a trustees, annual report and flnanclal statements In accordance with applicable law and Unlted Klngdom Accounting Standards Iunlted Klngdom Generally Accepted Accounting Practicel. The trustees are re5pDnslble for keeplng proper accounting records that disclose with reasonable accuracy at any time the financial poswtion of the charity and to enable them to ensure that the flnanclal 5tatement5 comply with the Charities Act 2011, the appllcable CharSties IAccounts and Reportsl Regulatlons, and the provisions of the Trust deed. The Trustees are also re5P0115ible for Safeguarding the assets of the charity and hence taking reasonable step5 for the preventlon and detectlon of fraud and other Irregularlties. Slgned on behalf of the charity's tnjstees H. GlllSan Trustee 20 March 2026 Page 3
Shott5town Miners Welfare Charltable Socletv Independent Examiners Report Independent Examlner's Report to the trustees of Shottstown Miners Welfare Charltable Socletv I report to the trustee5 on my examination of the flnancial statements of 5hottstown Miners Welfare charitable Society for the year ended 31 January 2026. ResponslbllStles and basls of report As the charity's trustees you are responsible for the preparatlon of the financial statements in accordance wlth the requirements of the Charltles Act 20111'the Act'l. I report In respect of my examlnatSon of the charlty's flnanclal statements carried out under sectlon 145 of the 2011 Act and In carrylng out my examlnatlon I have followed all the appllcable Directlons given by the Charity CommissSon under sectlon 14515llbl of the Act. Independent examiner's statement I have completed my examination. I can confirm that no materlal matters have come to my attention In connection with the examinatlon gSving me cause to believe that In any material respect.. the accounting records were not kept In respect of the charlty as required by section 130 of the Act,. or the financial statements do not accord with those records,. or the flnancial statements do not Comply with the applicable requlrement5 concerning the form and content of financial statements set out in the CharStles IAccounts and Reportsl Regulations 2008 other than any requirement that the flnancial statements glve a 'true and falr, vlew which 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examinatlon to whlch attention should be drawn in thls report In order to enable a proper understanding of the flnanclal statements to be reached. Phlllp Bald FCCA PhSllp Bald Accountancy 3B Ormlston Terrace Edinburgh EH12 7SJ 20 March 2026 Page4
Shottstown Mlners Welfare Chayltable Soclety Statement of Flnan¢ial Actlvltles for the year ended 31 January 2026 Unrestricted funds 2026 Reslrltted funds Total lunds Total funds 2026 2026 2025 Notes Income and endowments from: Donations and legacies Charitaljle actlvltles 2,600 11,917 2,6(K) 19,361 7,444 20,944 Total 14,517 7,444 2L961 20,944 Expendlture on: Charitable activltles Other 500 15,314 7,692 8,192 15,314 8,699 16,689 Total 15,814 7,692 23,506 25,388 Net Balns on Investments Net expenditure Transfers between funds 11,2971 12481 11,5451 14,4441 Net expenditure before other ain5lllosses1 11,2971 12481 11,5451 14,4441 other galns and10sses Net movement Infunds 11,2971 1248 11,5451 14,4441 Reconciliation of funds: Total funds brought forward 163,203 2,549 165,752 170,196 Total funds ¢arrled forward 161,906 2,301 164,207 165,752 Page 5
Shottstown Miners Welfare Charitable So¢lety Balance Sheet at 31 January 2026 Charlty No. SC021017 2026 2025 Flxed assets Tangible assets 157,699 157,699 166,933 166,933 Cuyrent assets Debtors Cash at bank and in hand io 10,654 2,301 12,955 16,4471 6,508 14,771 2,582 17,353 118,5341 11,1811 165,752 Credltors: Amount falling due wlthln one year Net rrent assetsllllabllltlesl Total assets less Current Ilabllltles li 164,207 Net assets excluding penslon asset or Ilability 164,207 165,752 Total net asset5 164,207 165,752 The funds of the ¢harlty Restritted funds Re5trlcted Income funds 12 2,301 2,301 2,549 2,549 Unrestrlcted funds General funds 12 I61,6 163,203 I61,6 163,203 Total funds 164,207 165,752 Approved by the trustees on 20 March 2026 And signed on thelr behalf by.. H. Gllllan Trustee 20 March 2026 Page 6
Shottstown Mlners Wèlfare Charltable Societv Notes to the Accounts for the year ended 31 January 2026 l Accountlng pollcie5 Basls of preparatlon The financial statements have been prepared in accordance wlth Statement of Recommended Practlce: Accounting and Reporting by charltles preparSng thelr accounts In accordance wlth the Flnanclal Reporting Standard appllcable In the UK and Republic If IrÈland IFRS 1021 issued on 16 July 2014 and the Financial Reportin8 Standard appllcèble In the Unlted Kln8dom and Republlc of Ireland IFRS 1021 and the chariti Act 2011. Change in basls of accounting or to prevlous a¢eounts There has been no change to the accounting pollcies Ivaluation rules and method of accountlngl slnce last year and no changes have been made to accounts for prevlous years. Fund accountlng Unrestricted fund5 These are available for use at the dCretIon of the trustees in furtherance of the general objects of the charity. These are available for use 5ublect to restrlttions imposed by the donor or through terms of an appeal. Restricted funds Income Recognltlon of Income Income is included In the Statement of Financlal Actlvlties ISOFAI when the tharlty becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured wlth sufficient rellabilltv. Income with related Where income has related expenditure the incowne and related expendlture Is expenditure reported gross in the SOFA. Donations and Voluntary incorne received by way of Brants, donatlons and gifts Is included In the le8acies the SOFA when recelvable and only when the Charlty has uncondltlonal entltlement to the Income. The value of any volunteer help received is not included In the accounts. Volunteer help Expenditure Recognition of expenditure Expenditure is recognlsed on an accruals basls. Expenditure Sncludes any VAT whSch cannot be fully recovered, and is reported as part of the expenditure to which It relates. Expenditure on These comprise the cost5 incurred by the Charity In the delfvery of it5 activitie5 and charitable artivlties services in the furtherance of Its objects, Includlng the maklng of grants and governance costs. These Include those costs associated with meeting the constltutl¢>nal and statutory requirements of the Charlty, Includlng any audltlindependent examination fees, costs linked to the strategic mana8ement of the Charlty, together with a share of other admlnlstration costs. These are support Costs not allocated to a particular actlvity, Governance costs Other expendlture Taxation The charity is exempt frorn tax on Its charltable actlvltles. Page 7
Shottstown Mlners Welfare Charitable Soclety Notes to the Accounts Tanglble fixed assets and deprecSatlon Depreclatlon Ss provlded at the followlng annual rates In order to wrlte off each asset over Its estlmated useful life.. Freehold property Recreation ground equlpment Flxtures, fittings and equlpment 2% stralght Ilne 15% reduclnE balance 15% redudng balance Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlscounts due. Cash and cash equivalents Cash and cash equivalenls CoMpre cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the Statement of financial p051tion, bank overdrafts are shown withln borrowing5 or current liabllitie5. In the Statement of Cash Flows, cash 2nd 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 credltors Short term creditors are measured at the transaction price. Other creditors and provisions are recogni5ed where the charity has a present obligation resulting fr()m a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recogni5ed at their settlement amount after allowing for any trade discounts due. Page 8
Shottstown Mlners Welfare Charltable Sodety Notes to the Accounts 2 Statement of Flnanelal Actlvitles- prlor year Unrestrlcted funds Restrlcled funds Total funds 2025 2025 2025 Income and endowments from: Charitable artivities 11,917 9,027 20,944 Total 11,917 9,027 20,944 Expendlture on.. Charltable artivltles 500 8,199 8,699 16,689 Other 16,689 Total 17,189 8,199 25,388 Net In¢ome 15,2721 828 14,4441 Net Income before other gains/llossesl Other gains and losses., Net movement In funds 15.2721 828 14,4441 15,2721 828 14,4441 Reconciliatlon of funds: Total funds brought fonard Total fund5 carried furward 168,475 1,721 170,196 163,203 2,549 165,752 3 Income from donatlons and legacles Unrestrlctod Total Total 2026 2025 Donation from Shottstown Miners Welfare Soclety and Social Club 2,600 2,600 2,600 2,600 4 Income from charitable activltles Unrestrl¢ted Restri¢ted Total Total 2026 2025 Occupatlonal licence Bowls Sectlon 11,917 11,917 7,444 19,361 11,917 9,027 20,944 7,444 7,444 11,917 Page 9
Shottstown Mlners Welfare Charltable SodÈty NotÈs to the Accounts 5 Expendlture on charltable activities Unre5trlctsd Restrlcted Total Total 2026 2025 Expendlture on churltable activlties Bowls Sectlon 7,692 7,692 8,199 Govemunce costs Independent examination fee 500 500 500 500 7,692 8,192 8,699 6 Other expenditur Unrestrlcted Total Total 2026 2025 Other interest payable Premises costs Amortisation, depreciation, Impairment, profitlloss on disposal of flxed assets General admlnistrative costs 1,084 4,696 1,084 4,696 5,133 9,234 9,234 10,728 loo loo 28 Legal and professional costs 200 200 800 15,314 15,314 16,689 7 Net expendlture before transfers 2026 2025 Thls Is stated after charging,. DepreclatlDn of owned flxed assets 8 Staff costs No employee recewed emoluments in extes5 of £60,000. 9,234 10,728 Page 10
Shottstown Mlners Welfare Charltable Soclety Notes to the Accounts 9 Tangible red assets Land and bulldln8S Recreation Flxtuyes, fittings and equlpment ground equipment Total Cost or revaluation At l February 2025 At 31 January 2026 Depreclatlon and impalmient At l February 2025 Depreciation charge for the year At 31 January 2026 Net book values 303,353 303,353 9,335 9,325 167,295 167,295 479,983 479,983 151,515 8,951 152,584 313,050 6,068 2,782 9,234 157,583 9,335 155,366 322,284 At 31 January 2026 At 31 January 2025 10 Debtors 145.770 151,838 11,929 14,711 157,699 166,933 384 2026 2025 Qther debtors 10,654 10,654 14,771 14,771 11 Creditors: amounts falllng due wlthln one year 2026 2025 Other loan5 Trade credltors Other taxes and soclal securlty Accruals 2,000 60 3,837 550 6,447 2,000 2,302 11,183 3,049 18,534 Page 11
Shottstown Mlners Welfare Charltable So¢lety Notes to the Accounts 12 Movement In lunds Incomln8 resources At31 lincludln8 Atl other February gaSns/losses 2025 Resources expended January 2026 Restrlcted funds.. Restrlcted Income funds., Bowls Sectlon Fund 2,549 7,444 17,6921 2,301 Totttl 2,549 17,6921 2,301 Unrestrlcted funds: General funds 163,203 14,517 115,8141 161,906 Total funds 165,752 21,961 123,5061 164,207 Purposes and restrictlons relatSon to the funds: Restricted funds.. Bowls Section Fund The Bowls Sectlon fund is for the purposes of malntenance of tho bowling 8reen and other activities undertaken by the 8owls Sectlon In the furtherance of the Charlty's oblectlves. 13 Analysls of net assets between funds Unrestricted lunds Restrl¢ted funds Total Fixed assets 157,699 4,208 161,907 157,699 6,508 164.207 Net current assets 2,300 2,300 14 Reconciliation of net debt Atl At31 February 2025 January 2026 Cash flows Cash and cash equlvalents 2,582 2,582 12811 12811 2,301 2,301 BorrowSngs 2,0001 12,0001 12,0001 12,0001 Net debt 582 12811 301 Page 12
Shottstown Mlners Welfare Charltable So¢lety Detalled Statement of Financlal Activities tor the year ended 31 January 2026 Unrestricte d fund5 2026 Restricted fund5 2026 Total tund5 2026 Total fund5 2025 Income and endowments from: Donatlons and legacles Donation from Shottstown Mlners Welfare Soclety and Social Club 2,600 2,600 2,600 2,600 Charltable actlvltles Occupational licence Bowls Section 11,917 11,917 7,444 19,361 11,917 9,027 20,944 7,444 7,444 11,917 Total income and endowments 14,517 7,444 21,961 20,944 Expenditure on., Charitable actlvlties Bow15 Section 7,692 7,692 7,692 7,692 8,199 8,199 Governance costs Independent examlnation fee 500 500 500 500 500 500 Totsl of expendlture on tharttable activitiès 500 7,692 8,192 8,699 Other expenditure Other Interest payable 1,084 1,084 1,084 1,084 Premises costs Premises insurances 4,696 4,696 4,696 4,696 5,133 5,133 General administrative costs, including depreciation and amortisation Depreciation of land and bulldlngs Depreciation of Recreation ground equlpment Depreclation of Fixture5, flttlngs and equlpment Bank charges 6,068 6,068 6,068 384 68 2,782 2,782 4,592 28 10,756 9,334 9,334 Lesal and professioFbal costs Accountancy and bookkeeping 200 200 8(K) 200 200 8LK) Page 13
Shottstown Mlners Welfare charltable Soclety Detalled statement of Flnanclal Activitie5 Total of expendlture of other costs Total expendlture Net galns on investments 15,314 15,314 16,689 15,814 7,692 23,506 25,388 Net expendlture 11,2971 12481 11,5451 14,4441 Net empendlture before other gainsll1055es1 Other Gain5 11,5451 14.4441 11,2971 12481 Net movement In funds 11,2971 12481 11,5451 14,4441 Reconclllatlon of funds: Total funds brought forward 163.203 2,549 165,752 170,196 Total funds carried forward 161,906 2,301 164,207 165,752 Page 14