IWCSSSCL_31_Dec_2022_companies_house_set_of

Company registration number:

03003429

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

Company limited by guarantee

Unaudited Filleted Financial Statements for the year ended

31 December 2022

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements of Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

Year ended

31 December 2022

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

of

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

for the year ended

31 December 2022

which comprise the income statement, statement of financial position and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.

This report is made solely to the Board of Directors of

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

, as a body. Our work has been undertaken solely to prepare for your approval the

financial statements

of

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

and state those matters that we have agreed to state to the Board of Directors of

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

. You consider that

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Walters Hawson Limited

Norham House

Mountenoy Road

Rotherham

South Yorkshire

S60 2AJ

United Kingdom

Date:

8 September 2023

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

Statement of Financial Position

31 December 2022

		2022		2021
	Note	£		£
Current assets
Debtors	6	2,188		2,075
Cash at bank and in hand		15,529		26,149
		17,717		28,224
Creditors: amounts falling due within one year	7	(17,717	)	(28,224	)
Net current liabilities		-		-
Total assets less current liabilities		-		-
Capital and reserves
Profit and loss account		-		-
Members funds		-		-

For the year ending

31 December 2022

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

financial statements

have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

8 September 2023

, and are signed on behalf of the board by:

J D Sutton

Director

Company registration number:

03003429

Industry-Wide Coal Staff Superannuation Scheme Co-Ordinator Limited

Notes to the Financial Statements

Year ended

31 December 2022

1 General information

The company is a private company limited by guarantee and is registered in England and Wales. The address of the registered office is

Mexborough Business Centre

,

College Road

,

Mexborough

,

South Yorkshire

,

S64 9JP

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated

financial statements

contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Turnover

Turnover represents subscriptions receivable in respect of the period, exclusive of value added tax.

Investments

Investments comprise the 1001 Employer Shares in the Industry-Wide Coal Staff Superannuation Scheme Trustees Limited. The shares were acquired at nil cost.

At 31 December 2022, the authorised and issued share capital of the Industry-Wide Coal Staff Superannuation Scheme Trustees Limited was 2001 ordinary 1p shares comprised of 1001 Employer Shares held by the Industry-Wide Coal Staff Superannuation Scheme Co-ordinator Limited, and 1000 Union shares, being 500 shares held by NUM COSA, 250 shares held by the National Union of Mineworkers, and 250 shares held by Prospect, a national union representing engineers, managers and scientists in public and private sectors. The shares carry no rights to receive dividends and rank pari passu in all other rights.

At 31 December 2021, the authorised and issued share capital of the Industry-Wide Coal Staff Superannuation Scheme Trustees Limited was 2001 ordinary 1p shares comprised of 1001 Employer Shares held by the Industry-Wide Coal Staff Superannuation Scheme Co-ordinator Limited, and 1000 Non-Employer Shares held on behalf of the four participating unions. The Employer Shares and Non-Employer Shares are separate classes. The shares carry no rights to receive dividends and rank pari passu in all other rights.

4 Limited by guarantee

The reconciliation of movements in shareholders' funds and the split between equity and non-equity shares is not applicable for this company as it is a company limited by guarantee.

The maximum liability of each member is £1.

At 31 December 2022, the number of employer sections with employee members within the Industry-Wide Coal Staff Superannuation Scheme was 47 (2021: 47).

5 Average number of employees

The average number of persons employed by the company during the year was Nil (2021: Nil).

6 Debtors

	2022		2021
	£		£
Other debtors	2,188		2,075

7 Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	13,128	12,447
Other creditors	4,589	15,777
	17,717	28,224