BRITISH GLASS FOUNDATION (A cornpany Ilmltod by guarantee) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company nUMr. 07344291 Charlty numbor: 1139252
BRITISH GLASS FOUNDATION IA Company Ilmlted by guarantee) CONTENTS Pag• Dlrectors, and Trusteo8' Report Indep•nd¢nt Examlner's Roport 13 Statamént of Flnanclal Actlvllles 14 Balance Shoot 15 Nol•s formlng part of the Financial Statomantj 17 Page O
BRITISH GLASS FOUNDATION (A company Ilmlted by guarant DIRECTORS. AND TRUSTEES, REPORT YEAR ENDED 31 MARCH 2025 CHAIRMAN'S REPORT Thls year marks the 3rd Anniversary of the opening of Stourbridge Glass Museum. After many delay5 and challenges, including Covld. the brand-new Slourbridge Glass Museum opened to the Publ for the first ts'me on SaluTday 9 April 2022 and was formally opened by HRH The Duke of Gloucester on 19 April 2023. ,r,IiiJ' Upsl81rn G8118ry l am dellghted that some ol the be81 pieces of the world-renowned StourbrSdge glass collectlon are now on display al the new museum in the heart ol the Glass Quarter_ The ¢olle¢tlon is one of the finest holdings of Bdtlsh and Inlernalional 17th, 18th, 19th and 20th century glass In the world We have a purpose-built buildlng In a perfect, konic locallon with room for expansion In the futuie. In March 2025 we had a brand-new stale ollhe art sloreroom bulll wilh a 6,000 ilem capaclty whlch wlll allow us In due course to be able to show visitors the whole of Ihe gla58 collection and not just Ihat on dlsplay in Ihe galleries Since opening the charlty has acqulred over 1.000 new pieces for the museum with more pleces being donaled or bequeathed to us. The new museurn wlll not only celebrate the skills of local people and Integrate wlth the other Ial IDurlst attracllons but will guarantee the future ot Ihe world- faru5 glass collecllons lor generalion31o Come. Our appllcatlon lor Accredilation was approved in July 2023 and the nexl step wlll be Designalion lor which we have already registered and hope to achleve this shortly. Qur new Membership scheme was announced In February 2025 where we offer a range ol option3, startlng at £15 per annum, to 8uiI Individuals, families and buslnesses, each wlth its own unique perks e.g. free museum access, excluslve event Invilalions, discounts on purthases and venue hire. The high rise in energy costs had a major impact on the hol glass studio where gas prices increased fiom £12,OCNJ p.a. lo over £85,000 p.a. Al Ihelr own cost Allisler Malcolm Glass Limited privately invested over £100.000 to convert the hot glass studio lo all electfic. The developments not onty created a buzz amongst the Trustees bul funders also noliced and admlred the ground breakin9 achievements. The charity th8n manag8d lo secure fundlng for a swathe of energy saving measures for the building induding the Inslallallon of solar panels in January 2025. Along wlth othef energy saving devices costs have been saved and our carbon foolprinl drastically reduced. Wth thanks to Allister Malcolm, who ploneered the UK'S first all-8lectric, ren8wable-energy hol shop and Terri Malcolm for her eco-frlendly driftwood workshops. despite fierce opposltlon Includlng The Nallonal Trust and Natural Hlstory Museum, were awarded Mus&ums+Herita9e Suslainable Prolect Of The Year, an example of a capilal project lch has embedded sustainable lechnology throughout. Th8 judges wer8 impressed by the excellent. exhaustlve work to Iransform the carbon position ol a high energy traditlonal craft resulting in an impressive world first carbon neutral glass sludlo. Dubbed Ihe°Oscars oflhe Museum$ World. the ceremony was held at The Hilton Hotel. Park Lane. London. Pale I
BRITISH GLASS FOUNDATION IA company limitsd by guarantae) DIRECTORS, AND TRUSTEES. REPORT (contlnued) YEAR ENDED 31 MARCH 2025 RJL Corfno Fold. Groh8m Knowles MBE. Alexand&r Goodg•r. Lym? Bol¢yn AIBE 8ndHarrtson Davlea •IAlu4ea9Awafd8 In L¢Nthn 15 Al8y 2025 Trustees. Foundlng Patron8 and Amba$sador5, lor thelr dedlcallon and comwllment and lor sacrlficlng so much of thelr personal lime and energy lo the charty. I would also like lo add thanks to Dean Shaw and Larry Priest of BPN Archilecls in Birmingham and lan Harrabin of Complex Developrnent Piojecls Llmlled for theic invaluable help and support ovgr the years and to Slmon Cottle who hosted a charlty auctlon for us raislng over £2.CM)O. I would like lo say a very speclal thank you to ry tellow Trustees, Allisler Malcolm for hls work on the solar and net zero project, Gavin Whitghouse lor hls valuable experience being a Fellow of the Inslllute of Chartered Accountants, and Graham Flsher MBE, foi delalling In hls book"Slourbrldge Glass Museum.. How It Came Into Belng" Ihe incredible joumey over the la8115 years and the commltment and dedlcatlon of the Trustees and everyone else who helped make the dream a Teality. It Is also a remlnder of what the sile looked like back in 2015 and how thls has been Iran5forrned from an eyes0 In the communty to the world class museum you see today celebrating over 400 years of glassmaklng history. All proceeds from the sale ol Ihe book, available from the museum. go to the British Glas5 Foundalion. All Truslees are deeply committed and active with sp8clflc knowlèdge and experlence which covers all aspects of runnlng a museum and all ol them dedicate an enonnous amount of tkne Io SUPP¢)rt our professional slaff on a daily bas15. Graham Knowl•$ MBE Chalrman Date.. 4 November 2025 Pa8e 2
BRITISH GLASS FOUNDATION IA company Ilmlted by guaranlaè) DIRECTORS, AND TRUSTEES, REPORT Icontinuèd) YEAR ENDED 31 MARCH 202S The directors and trustees are pleased to presenl thelr report and financial statements for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE INFORMATION Charity Name British Glass Foundatlon Charity Reglstratlon Number 1139252 Company Reglslration Number 07344291 Regi51ered Office Slourbridge Glass Museum Stuart Works High Street Wordsley West Mldlands England DY84FB Independent Exam1rr O Ross FCA Muras Baker Jones Llmlled Charteied Accountants Regent House Bath Avenue Wolverhampton 14EG Bankers HSBC Bank PIC Church Green Road Reddilch Worcestershlre B97 4EA Solicitors Hygs & Sons 3 Walerfronl Business Park Brierley Hill Dudley OY5 1LX Page 3
BRITISH GLASS FOUNDATION {A company limilèd by guarontso) DIRECTORS, AND TRUSTEES, REPORT (contlnuod) YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATIVE INFORMATION (contlnu•d Board Al•mbws The Board Members, vtho a d1ctorS for the purpose of company law and Iru$lees for the purpose of charlty law, who served during the year and up to the dale of this report, are set oul below. G Knowles IABE (Chalmian) G Fishei MBE A Malcolm J Measell L Priest G Whitehouse STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng Document The organi3atM)n is e Gharitable company Ilmiled by guarantee. havin9 no share capllal. It was incorporated on 12 August 2010 and registered as a charty on 2 December 2010. The charltable company was established under Memorandum of Association, vthlch established its objects and powers, and rt Ss governed under its Articles of Assoclatlon. In Ihe 8vent of the charllable company being wound up members are requlred lo Conlrbi ute 8n amount not exceeding £1_ 1118 exempl from uslng 'Llmlled" under Sedion 60 of Ihe Companles Act 20CI8. Rewltm•n¢ and Appolntment of th• Dlr•ctors lthen recwiling new dlrectors the existing directors look for those Indivlduals whose skills and experience can make a slgnlfi¢anl contribution to the management of the charitable company. New directors are made aware of IheiT responsibilities as charlty trustees and company directors and are helped lo famlllarise themselves with the practScal and flnanclal a8pecl$ of the charitable company's operations. To help them they are provided wllh a copy oflhe company's memorandum and artlcles of assoclallon, the latest published accounts. the charitable Gompany's mlsslon statement and appropriate Charity Commisslon publOcallon8. Dlrector Indu¢tlon and Tralnlng New dlrectors a inducted by Ihe current dlrectors and afe given a Gomprehensive o¥ervlew of the charitable company by the chalr of the Ofgani¥ation. New dlre¢tor$ are given the Charlty Commisslon guide on becoming 8 trustee together with copies of the Memorandum and Artlcles of Association of the charitable company, fin8ncl81 Infomiation and Board minutes. All of the directors are regularfy kepl up to date with changes in r8levanl18glsl8110n. Page 4
BRITISH GLASS FOUNDATION IA company Ilmlted by guarantea) DIRECTORS, AND TRUSTEES. REPORT {contlnuod) YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Icontlnugdl Rlsk Management The dlrector8ltrustees have asse558d lh8 major rlsks to whkh the charitable company is exposed to and are satisfied Ihal systems awe In place lo minimise the effecl of such risks upon th8 charllable company. OBJECTIVES AND ACTIVITIES The otyecllves ol the charitable company. as set out In the mèmorandrn & Articles of Associalion, are the promotion, advancement. encouragem8nl and support ofthe craft of gla88 making and the education of the public In the arts, industry and history 01 glass maklng. In shaplng the charltable company's objectives for the year and plannlng tt8 aclivities the directors have nsidered the Charlty Commission's guidance on public ben8fi1. Page 5
BRITISH GLASS FOUNDATION IA company limited by guarantea) DIRECTORS, AND TRUSTEES, REPORT {contlnued) YEAR ENOED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE The Twstees are delighted to announce that Graham Knowles, was recognised In the Klng's 2025 New Year's Honours Llst wlth the award ol an MBE services to herltagè and we offer him our heartiest congratulatlons. He 18 recognised in partlcular for his Chalmianship of the 8ritish Glass Foundalion from its inception right through to the openln9 In Aprll 2022 of the brand-n8w Stourbrldge Glass Museum. His energy and enthusiasm have molivaled and encouraged Ihe rest of the team and he has shown great leadership and professionalism. Wlthoul Graham's dedlcath)n, drive and commitment lo finding a new home for the world-famous gla55 Gollections they would probabty have remained in storage never lo have seen the light of day agaln. He has ensured that the 400-year gl8s8 making hSstory of Stourbridge is peIed for many generations lo come. We also offer our congratulallons to Allisler Malcolm, Trustee. who was awarded Freedom of the City of London in Juty 2024 and officialty became a Liveryman wllh the prestigiou$ Wofshipful Company of Glass Sellers of London in December 2024. Allister has also recentty teamed with Worcester Cathedral to produ their exclusive handcrafted gia$$ Pefpetual Flames, a lastlng memenlo for those experl8nclng grlef following the 1088 of a loved one. Congratulations also go to Lynn Boleyn MBE on receiving the High Sheriff s Award from the High Sherlff ofthewest MKllands in December celebrating her oulslanding contribution to our Gommunity for over a decade of hard work turning Stourbridge Glass Museum from a burnt out eyesore In the communlty lo the No 1 Vlsllor Attralon In Slourlxidge. Page 6
BRMSH GLASS FOUNDATION (A company Ilmltod by guarant••) DIRECTORS, AND TRUSTEES, REPORT (contlnuod) YEAR ENDED 31 MARCH 2025 The British Glass Foundation, launched in November 2010, arose out of proposals by Dudley MBC in 2LK)9 to close 8roadfield House Glass Museum. home to the Internationally renovm8d Slourbridge glass collection, and b8came a key partner alongsKJe Dudley Council and Complex 08¥8lopm8nt Prolecls Limlted In creating a new purpose buill faclllty. wlth bigger and morè flexlblé 8xhlblllon Space, on Ihe site of the fomier Stuart & Sons Glassworks In the heart of thè Glass Quarter. The Trustees negotsated a 125 year Lease on th8 mus8um bullding: a 125 year Loan Agreemenl for the glass collectlons and a 125 year Lease of the adjoinlng bulldlngs to be used lor businesslcraft units that will bring In renlal Incom& to help toward$ the running costs of the museum lo ensure sustalnablllty for the future. The1888e$ were sned and exchanged on l May 2019. The Nallonal Lotlery Heritage Fund confimied kn Jun8 2018 that it would provide funding of £980,000 towards the Intern81 fit-out of the new museum and in December 2021 they agreed lo in¢rease their grant by £76.SYJO. In March 2024 they agreed a further £249.284 to 8S8isI wilh our energy Saving plans, new storeroom and improvements to the museum car park taking the overall grant to £1,306,184. In March 2024 we also heard that we had been successful with our grant appllcatlon to Arts Council England for £249.000 to enable us to become more eco-frlendly, efficient and innovative and race towards net Zero wilh lo ren8wabl8 energy. a first for 8 UK gl8$s studio. Match funding was ralsed Irom various Trusts ond Foundatlon8 wilh the help of our Fundralslng Consultant, Jacqul Walson. stourbdge Glass Museum w8$ opened lo the publlc on 9 Aprll 2022 and wa8 lomllY opened by HRH The Duke of Gloucester on 19 Aprll 2023. A major attraction at the new museum Is a v181t to the hot glass $ludio to See highty skill8d glass makers In actlon. From lalks and tours lo glassmaking workshops we offer activities for everyone Includlng lunnel lours. wine and gin tasling and canal walks. Alexander Good9er, Museum Director, took up hls role on 2 October 2022 havin9 previously been Museum Manager at The Transport Museum in Dundee Alexander has made a signlflcanl contrlbullon to the museum havlng Increased visitor numbers and Income; oblalned an Alcohol Li¢en¢e and arranged AA slgnage to the museum. We are No 1 on TripAdvlsor and also recelved their 2023 and 2024 Travellers Choice Awards. Alexander has Secured many grants for the museum and was instrumental In securlng the funding from Arts Council England. We are dellghted Ihal in May he secured funding of £25,000 to restore one of the panels in the i¢oni¢ Churchill Screen for Ihe VE Day 80th Annlv8rsary - the hlstoric Battle Of The Atlantlc panel. The project supported by the Department lor Digital, Cufture, Media & Sport and Museum Developmenl Midland5 will culminate in a permanent display of the panel at the museum alongside community events marklng the 80th anniversary of Victory In Japan Day. Cfvurcl Scr Page 7
BRITISH GLASS FOUNDATION IA company Ilmlted by guarantse) DIRECTORS, AND TRUSTEES, REPORT {continuèdl YEAR ENDED 31 MARCH 2025 Alexander is supported by part4ime slaff Harrison Davles, Curator, appointed 28 April 2022 and Corrlna Field, Educatlon & Events C¢>Ordinalor, appointed 2 October 2022 Lynn Boleyn MBE, Secrelary To Trustees, 1$ always on hand to assist the staff. Harrlson 1$ unfortunatety leaving the museum this year lo und8rtake a full-time PhD and we wish him all the very best for the future and thank hlm for his immense contribution lo the nwseum. HanIs¢ 08We8 8ftdHRH Th• Duko 01 GI0$1•r As well as or98nising demenlla frlendly actlvllies for a dementia gTOllP that mee15 every month at the museum and sch¢)ol vlslls Corrina ha$ arranged over 100 events during the year for the local communlty Including many free childrens aclivilies. the 801h Ann6versary VE Day celebr8llons, the Pumpkin Carving Workshop and Purnpkin Flolllla. In conluncllon with The Grimmitt Trust, and the Christmas Bauble Decorating Workshop and Santa's Grotto. The fvll programme of events, workshops, lecture$. educatlon actlvllies and outTrach sessions can be seen on the web slte. Cmvja FIWd Jnd TeniL Coll* 80° Annlvern•ry VE Day Celgbral allh&muswm Page 8
BRITISH GLASS FOUNDATION (A company limited by guaranteg DIRECTORS, AND TRUSTEES, REPORT (contlnuedl YEAR ENDED 31 MARCH 2025 Vlsltors lo Ihe museum are also able lo meet with Terri L Coll8dge who engraved the 2012 Portland Vase which is on dlsplay at the museum along with the Amphora Vase and Auldjo Jug whlch she also engraved. She has recently completed her version of the Blue Vase, in the Naples Museum, which was unveiled on 17 May at the museum. The 200 guests were glven a compllmentary copy of the book 'The Blue Vase.. the 2024 interpretation of an iconic cameo by contemporary Stourbridge glass artisans wrltten by Graham Fisher MBE. The book Is available to purchase from Ihe museum with all monies going to the 8rlllsh Gla88 Foundation. T8rrfL Colled9e with Ihe Blue Vase Photcgr8phy by Simon 8wnlnell Grthem FisherA*E Page 9
BRITISH GLASS FOUNDATION (A cornpany limited by guarantee) DIRECTORS. AND TRUSTEES, REPORT (Contlnued) YEAR ENDED 31 MARCH 2025 The firsl ternporary exhlbitlon was by Vanessa Cutler which was replaced with one by th8 Contemporary Glass Soc4ety {CGSI lo ¢elebrale their 251N anniversary which wa5 opened by Andy Mcconnel of BBC Antiques Roadshow. This also Included the unveiling of Chris Day'$ After The Darkness, The Light, a jolnt commission by CGS and SGM which is now part of the permanent collection. Thls was followed by exhibitions by Georgia Redpalh, The Carnival Glass Soclety, Pate De Verre and The CGS New Horizon5 exhibition. Chris Day's exhibition Storytell&r In Glass. ran trom February to June 2025 and this was replaced wlth our current exhibllSon Strike A Match by Elllot Walker and Bethany Wood which runs until 8 NoVemr. The Gieener Glass ExhlbllSon h8s been extended to 17 January 2026 and demonstrates the transformalive power of recycled materials. luming waste inlo captivating art. Addlllonally, thè works on dl8play by our fesident artists are cr8aled using 100% renewable energy at stourbridge Glass Museum. 8xemplitylng the potential of sustainable 8rti$ti¢ practice. AleXW Goodrand ferrt Mthlffl Grwler Glas$ Exfv'bthn p*t0mphY tysymon 8nmln8U Various lelevision shows have been filmed at the museum Including Four In A 8ed', BBC Antiques Roadtrip and The Great Auctlon Showdown. Allister Malcolm, resident glass artist, ha5 also fealured as a Mentor on the BBC TV show Make It Al Maiket {over 2 mlllion vlewers per episode) and he has hosled Iwo reunions at the museum where vlsltors could meet wllh Ihe artisls and watch them demonstrating whlch proved extremety popular. Guided walks along the Stourbrldge Canal Ihrough the Glass Quarter examine some of the key players In the SIOUrIdge Glass industry from th8 per8PèCtive on the ¢an81 thal served them and who put Slourbrldge glass on Ihe map. Page 10
BRITISH GLASS FOUNDATION (A company Ilmltod by guarantee) DIRECTORS, AND TRUSTEES, REPORT Icontinuodl YEAR ENDED 31 MARCH 2025 Tours of the tunnels beneath the museum are undertaken by a team of volunteers and these are extreme popular and sell out qulckly. We have been bequealhed 61)0 iterrts of UTanium glass, some 1$ on display in the museum and some In the tunnels as they "glow in Ihe dark", A concept has been drawn up by Slmwor% In Klngswlnford for inlerpretalion in the tunnels and we are worklng on grant appiicatlon8 fr>r the funding for this. Concew lorlhe Tunngts by Sjmwwx Ne are most grateful for the all the help and 8UPPOrt we have received from BPN Architects, CoMpX Development Prol8cls Llmiled, many glas$ enthusiasts and volunteers without whom we would not be where we are today and we would Ilke lo thank everyone who has purcha8ed ttems for the museum, made a donallon or provkled sponsorshlp. grant funding and support lo Ihe British Glass Foundation. We would particularty lik8 to thank our Founding Palions who are helping to secure Ihe museums sustalnabllity. support operating expenses and enabling us lo expand. conserve and care for the glass collecli)n, work with local communllies and creatlng opportun6ties lor leanlng arKI enjoyment. Foundln Patrons Dame Jenifer Imlson Barnett Vlv Astling OBE Graham Knowles MBE Clive Manison Gavin Mthitehouse David Williams-Thomas MA.DL Gi18s Woodward Page 11
BRITISH GLASS FOUNDATION IA company limit•d by guarant00 DIRECTORS, AMO TRUSTEES, REPORT (conllnued) YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW The charilable company recelved income of £365,828 durln9 the year (year to 31 March 2024: £148,229) wlth the main source of lundlng belng the Heritage Lottery Fund. Expenditure of £315.876 (year to 31 March 2024., £144,951) was Incurred resulllng In a net Inflow off lunds ol £49,952 lor Ihe year (year to 31 March 2024. net inflow of £1,278), Al 31 March 2024, the charilable company had unreslilcled fund8 caNied forward of £138,729 and restrlcted funds carrled fOard of £117,022 - totalllng £255,751 (31 March 2024: total funds £205,799). DIRECTORS, AND TRUSTEES, RE8PONS181UTIES IN RELATION TO THE FINANCIAL STATEMENTS The Trustees {who ar8 also the Dlreclors of Brltlsh Glas$ Foundalion for th8 purposes of Company Lawl are responsibl8 for preparlng the Annual Report and the financial statements in accordance wlth appllcable law and Unlted Kingdom Accountin9 Standards (United Klngdom Generalty Accept8d Accounting Practice). Company law requires the directors to prepare financial statements lor each financial year which give a true and lalr vl8w of thè slate of 8ffair$ ol the charitable company and ol the Incomlng re8our¢e8 and appliGalion of re8ource$, including the incom8 and expendllure, ol the charitable group for that year. In praparing Ihoso financlal statements. the dlrectors are requlred lo. select sultable accounting policies and then appty them consistently., observe the methods and principles in Ihe Charitie5 SORP {FRS 102>: make judgements and e8tlmale$ that are reasonable and prudent., prepare the financlal slatemenls on the golng concern basis unle88 it is inappropriate lo presume that the charltable company will continue in business; 8nd slate vthelher UK accounting standards have been followed. sublecl to any material departure$ disclosed and explained in the financlal stalemenls. The directors are responslble lor keeping adequat8 accounting recoids which dlsclose wlth reasonable accuracy at any tlme the financial position of the charltable company and to enable them lo ensure that the financial $lalernenls Gomply with the Companles Act 2006. They are also responsibl8 for safeguarding the assets of th8 Gharitable company and hence for taking reasonable steps for the prevèntlon and detectlon of fraud and other Irregularitles. Th8 directors arè rèsponslble for the maintenanc8 and integrity ol lh8 corpor818 and financial Inlormati¢)n in¢luded on the charrtable company's webslte. Legislation in the Unltèd Kingdom goveming the preparation and dissemlnatlon of the financial statements may dlffer from leglslallon In other lurlsdlcllons. Approved by the d- rs and slgned on thelr behalf on 4 November 20 G Knowle Chalmia G Whltehouse Tru81oe an Pa8e 12
BRITISH GLASS FOUNDATION IA company limited by guaranloe INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS AND TRUSTEES OF BRITISH GLASS FOUNDATION YEAR ENDED 31 MARCH 2025 I report to the Gharlty trustees on my exanlnalion of Ihe financial slat8m8nts of th8 charitable eompany for the year ended 31 March 2025 which are sel out on pa9e8 14 10 23. RESPONSIBILITIES AND BASIS OF REPORT As the charlty's trustees ofthe company (who ar8 also the dlrectors of the company for the purposes ofcompany law), you are responsible for the pr8pardtlon of the accounts In accordance with the requlrements of the Companies AGI 20061"the 2006 Act"). Havlng satisfied myself tthal the accounts of the company are not r&quired to be audiled for thls year under Part 18 of the 2006 Act and aré eiiglble lor Independent examlnalion (following the granting of a dispensalion). I report in respect of my examination of youi chantable company's a¢¢ounts as carried out under section 145 of the Chafltles Act 2011 {"Ihe 2011 Act"). In carrying out my examlnation, I have followed the Directions glven by the Charity Commisslon under section 145{5){b} of the 2011 Act. INDEPENDENT EXAMINER'S STATEMENT I have completed my ex8rnlnation. I confirni that no other matters have come to my attention in connection with the examlnatlon giving me c4use to believe Ihal In any materlal re8pecl'. accounllng record8 were not kepl In acKordance with section 386 of Ihe 2006 Act; or the accounts do not ac¢ord with suth records: or Ihe accounts do not compty wilh the accountlng requlrements of secllon 396 ol the 20CI8 Act olher than any requlrement Ihat the accounls give a 'true and fair vlew which Is not a matter consldered as part of an independent examinatlon,. or the accounts have not been prepared In accordance wilh Ihe melhods and principles of the Statement of Recommended Practice for accountlng and reportin9 by charilies applicable to tharities preparlng thèlr accounts In ac¢ordance with the Financlal Roportlng Standard appllcable in the UK and Republi of Ireland (FRS1021. I confirm that there are no material matters in connectoon wkth the examlnallon lo which attentlon should be drawn In this report in order lo enable a proper underslanding of Ihe accounts lo be reached. Ollv•r Ro•• FCA Muras Bakor Jones Llmltod Regent House Bath Avonu• Wolverhampton WV14EG Date.. 4 November 2025 Page 13
BRITISH GLASS FOUNDATION IA cornpany limited by guarantee) STATEMENT OF FINANCIAL ACTIVITIES (Incorporatlng an Incomo and Expgnditure Account) FOR THE YEAR ENDED 31 MARCH 2025 Ygar to 31 March 2025 Year lo 31 March 2024 R•8trict•d Restrfcted Funds Funds IHLF) (Other Nole Unrestrlcted Funds Totsl Fund• Total Funds Incom• from: Donallons and grants 108.924 43,627 213.277 365,828 146,229 Total In¢om• 108.924 43.627 213,277 365,828 148,229 Expendlturo on: Charilable actlvllles 59.853 52.746 203,277 315,878 144,951 Total •xp•ndltur• 59,853 52,746 203,277 315,876 144,951 Net (•xp•ndltur•ylncom• for the year 49,071 19.119) 10.000 49,952 1,278 Tran8fer8 {9,119) 9,119 Net mov•m•nt In funds 39,952 10,000 49,952 1,278 Re¢onclliation of funds: Tolal funds brought fonvard 98,777 107,022 205,799 204,521 Total funds carrled forward 138,729 117.022 255,751 205,799 There We no other recognised gains or losses other than those included in the Stalement of Financlal Activities. All Income and expenditure relates to contlnulng operations. The note5 on pages 16 to 23 fomi part ol these financial slaternenls. Page 14
BRITISH GLASS FOUNDATION (A company Ilmlted by guaran1••) BALANCE SHEET AS AT 31 MARCH 2025 Company numbèr 07344291 31 March 2025 31 March 2024 Not• Fixed assot• Investments Heritage assets - glass collectlon 50,676 35,618 50,677 35,619 Currant a880ts Debtors 164.461 154,931 Cash al bank and In hand 42,813 17,449 207,274 172.380 Cr•ditori: amoun1¥ falllng du• wlthln ono yoar 12,200> {2,21yJ) Net cUTnI assets 205,074 170.180 Net assets 255,751 205.799 Unf•strl¢ted fund• General 138,729 98,777 R•slrlclod funds 10 117,022 107,022 255.751 205,799 Page 15
BRITISH GLASS FOUNDATION (A company Ilmited by guarantee) BALANCE SHEET AS AT 31 MARCH 2025 Company number 07344291 The Dire¢tor8 ¢on8ider thal the charitable company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the charllable company to oblaln an audil for the year in queslion in a¢¢ordan¢e wilh Section 476 of the Act. The Directors athnowledge their responsibilitles for ensurlng that Ihe charitable company keeps accountlng records which comply wllh sectb)n 386 of the Act and for Preparing financial slalemenl$ which give a Irue and falr view of Ihe slale of affairs of the ¢haritable company as al 31 March 2025 and of its resuli for the year then ended in accordance with the requlrements of secllons 394 and 395 of the Act and whlch comply with the requirements of the Companies kn1 20Cfj relaling to Ihe financial statemenls so far as appllcable to the company. The financlal statements have been prepared in accordance with Ihe special provisions Telating to G¢Nnpanies Subjed lo Ihe small companies regime wlthln Part 15 of the Companles Act 2006. The notes on pages 16 to 23 form part of these financial slatemnls. The financi slate nl8 were approved by the Trustees on r 2025 edonth r behalf by: owl G Whlt•house Trust00 Ch Page 16
BRITISH GLASS FOUNDATION (A company Ilmltsd by guarante•) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES General inlomialion and basis of preparallon Brrtish Glass Foundation is a charitable company in the United Kingdom. In the event of Ihe charty being wound up, the liablloty In respect of the guarantee is limiled to £1 per member of the charlty. The address ol the regislered office Is given in the charity information on page 1 01 these financial stat8m8nts. The nature of the charity's opeTalions and prknclpal actlvltle8 are the promotion, advancement, encouragement and support of Ihe uaft of glass making. The Gharity conslilule8 a public benefit entity. The financial stat8ments have been prepared In accordance wolh Accounting and reporting by Chari118s Statement of Recommended Practice applicable lo charities Pfeparfng their accounts in accordanc8 with the Financlal Reportlng Standard applicable in the UK and Republic of Ireland (FRS102 (issued In October 2019)> the Financial Reporting Standard 102, the Companles Acl 2006 and UK Generally Accepted Practice as it applies from 1 January 201 S. The financial statements ar8 prepared on a going concern basis under the historical cost convention. The flnanclal stalemenls a prepared in sterling which is the functlonal currency of the Charity and rounded to the nearest £. The charltable company h8S taken advantage of Ihe opllon provided in SORP to use headings In the Stalen*nt of Financial Activity that are appllcable lo Its operations ralher than reporting on an activity basis. The slgnlfkanl a¢¢ounling policies appld in the preparallon of these financlal 8latement$ are set out below These pollcle8 have been conslstenlly applSed to all yeais presenled unless otherwlse stated. Golng COnM The financlal slalemenls have been prepafed on 8 going concern basls as the trustees belleve th81 no malefial vncertainlies exist. The Irustees have Considered the level of funds held and the expected level of income and expenditure lor 12 months from aulhorislng these financial statements. The budgeted Income and expenditure is sufficienl with the level of rèserves for the charlty lo be able to continue as a golng conckrn. Funds Unreslrided lunds are avallable for use al the discretion of the trustees in furtherance of the general objecllves of the charily and lCh have nol been deslgnaled for other purposes. Deslgnated funds comprise unrestricted lunds Ihat have been set aslde by Ihe Iruslees for particular purposes. The aim and use of each deslgnaled fund Is set out in Ihe notes lo Ihe finan¢ial statements, Reslrkled funds are funds which are to be used in accordance with specific reslrlctions Imposed by donors or whiGh have been ralsed by the charity for particular purposes. The cost of raising and adminlstering such funds are charged agalnst the specific fund. The aim and us8 of each restricted fund Is set out In the noles lo Ihe financial statements. VAT Value added lax is not recoverable by the charitable company, and as such is included in the relevant osts in the Stalemenl of Financial Aclivilies and tangible fixed assels. Page 17
BRITISH GLASS FOUNDATION IA company limited by guaranteo) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (CONTINUED) Income re¢ogn5tlon All incomlng resources are induded in the Slatement of Financial Activities (SOFA) when Ihe charity is legalty entitled lo Ihe income after any performance conditions have been met, Ihe amount can be measured reliabty and It Is probable Ihat the incwie will be recelved. For donalions to be recognlsed the charity will have been notffied of the amounls and the settlement date in wriling 11 there are conditions atta¢hed to Ihe donation and Ihls requires a level ol performance befofe entitlement can be obtained, then income is deferred until those conditions are lully met or the luifilment of those Conditions is within the control of the charity and it is probable that they will be fulfilled. No amount Is Included in Ihe financial statements for volunteer tlme ITr Ilne with Ihe SORP. Income from tradlng aclivilies include3 income earned from fund¢Sing events and tradlng activities to raise funds for the charity. Income 13 ieceived in exchange for supptying goods and servlces In order to relse funds and is recognised when enlltiement has occurred. The charity receives various government grants. Income from government and other grants are re¢ogni3ed al lair value when Ihe charity has entitlem8nl after any performance Conditions have been met. it is probable that Ihe Incorne vlll be received and th8 amount can be mea$ured reliably. If entitlement Is not mel, then Ihese amounts are deferred. Inveslmenl Income is &amed through holding assets for investment purpo8e$ Such as surplus funds on bank deposll. Interest income is recognlsed uslng Ihe effective interest method. Expendltur• rgcognltlon All expendilure is accounted for on an accruals b8sis and has been cla88ified under headings that aggregate all costs related to Ihe category. Expendllure 18 recognised where there Is a legal or constructlve obligalion to mak8 payments lo Ihlrd parties, il is probable thal the settlemenl will be required and the amount of the obligallon can be measured reliably. Irrecoverable VAT 1$ ¢harged as an expense against Ihe activity for which expendlture arose. Support costs allocallon Support Costs are Ihose that as8lst the work of Ihe charlty but do not dlrectly represent charitable actlvlties and include office costs. governance costs. admlnlstrati¥e payroll costs. They are Incurred directly In support of expenditure on Ihe objects of the charity. W+here support costs cannot be directty attributed to particular headings Ihey have been allocated to cost of ralsing funds and expenditure on charitab activities on a basls consistent with use of the fesotsrces. Pfemises and other overheads have been allocated on a perrnnlage use of resources basls. Fund-ralslng costs are those incurred in seeking voluntary contributions and do not Indude the co$t$ of dlsseminaling informallon in support of the charitabl8 actfvllles. Page 18
BRITISH GLASS FOUNDATION IA company limited by guaranloel NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (CONTINUED) Tax The charitable company met the definition of charlty w5thln the meaning of schedule 3 of the Charlties Act 2011 and is Considered to pass the tests set out In Paragraph 1 Schedule 6 Finance Acl 2010 and therefore it meets the definllion of a charitable company for UK corporallon lax purpose$. Debtors and credltors r•c•ivabl• I payabkn wfthln one year Debtors and credltors with no staled interest rate and recelvable or payable within one year are recorded at transaction price. Any losses arislng from Impalrrnent are recogni5ed in expend6ture. H•rltag• as8•t8 Herflage assets comprise the glass Gollection whlch Is held In 8UPPOrt ol the Charity's main objects whlch are the promotion. advan¢emenl. enGouragemenl and 8UPPOrt of Ihe Cfaft ol glass maklng and Ihe educallon of Ihe publiG in the arts, industry and hlstory of glass making. Heritage asse16 are valued at cost or valuatlon (where donated) and no depreciatlon Is ch8rged as the ¢olle¢lion has an indeterminate Ilfe. Expenditure requiied lo preserve or prevenl deterioralion of individual heritage items is recogni5ed as expenditure in the year rt is incurred. I)ONATIONS AND GRANTS Y•ar ended 31 March 2025 Year endad 31 March 2024 Unreslricled Donatlons Grants Bank interest t)onation from subsldlary company 38.807 10,000 1,117 S9.000 27,039 s,o(MJ 361 28,000 108,924 60,400 Page 19
BRITISH GLASS FOUNDATION (A Company limit by guarnntee) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 DONATIONS AND GRANTS ICONTINUED) Yoar to 31 March 2025 Year to 31 March 2024 Ro8trlctod Rostrlctad Funds Funds (HLF) (Oth•r> Total Fund$ Total Fund¥ Rèstricted National Lottery Herttage Fund John Ellerman Foundation Ironbridge Gorge The Arts Society Dudley MBC National Manuscrlpi The Association of IND The Arts Council The 29 May 1961 Charitable Trust FCC ComrnunStles Foundatlon 43.627 43,627 10,378 20,000 5,000 5,000 4.846 12,500 11,722 203.277 10,000 203,277 10,000 16.383 43,627 213,277 273.287 85,829 Page 20
BRITISH GLASS FOUNDATION (A Company limllgd by guaranteo) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDEO 31 MARCH 2025 EXPENDITURE Ye4T to 31 Year to 31 March March 2025 2024 R•strlcled Restricted Funds Funds IHLF) (other) Unrestrlctod Funds Tolal Funds Tolal Funds Dlrect C08ts of charitsbl• activitles Museum development costs Fundralslng expenses Curator support 5118 51.407 203,277 1,339 259,802 1,339 20,470 79,084 11.292 19,535 20.470 25,588 52.746 203.277 281,611 109,911 Support costs allocatèd to eharltable a¢tlvltl•$ Stalionery and computer expenses 240 240 240 240 Governanc• costs Meellng expenses Secretarial seNices Independenl examlnefs fees Insurance 403 30,965 2.220 437 403 30,965 2,220 437 442 31,890 2,200 328 34,025 34,025 34,860 Total expendilure 59,853 52,746 203,277 315,876 144,951 Tolal expendilure of£315.876 {2024.' £144.951) is charged.. unrestricted expenses in 2025 of £59,853 (2024.. £46.605) and as reslrlcled expenses in 2025 £256.023 {2024'. £98.346). Page 21
BRITISH GLASS FOUNDATION IA company Ilmltad by guarant••) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 FIXED ASSETS - INVESTMENTS Subsldlary Undortaking Cost Al 31 March 2025 and 31 March 2024 The charty wholly owns a Irading subsidiary, BGF Trading Limiled. whlch Is Incorporaled In the UK. Durlng the year the sub8idiary received renlal Incon for units wllhkn the Vvhlle House Cone, Museum of Glass In latIon O lease$ with Ihird-party ienanls. The subsldlary donates Its taxable profll to Ihe Chanty as unrestricted funds. HERITAGE ASSETS - GLASS COLLECTION Cost At 1 Aprll 2024 Addilions 35,618 15,058 At 31 March 2025 50,676 DEBTORS 31 March 2025 31 March 2024 Grants recelvable Amounl due from sub8ldiary 142,712 21,749 124.948 29.985 164,461 154,931 CREDITORS: Amounts falllng du• wllhln one y•ar 31 March 2025 31 March 2024 TTade creditors and accNal$ 2,200 2.200 TAXATION As a charitable Gompany, British Glass Foundation is exempl from tsx on Income and gains falltng wilhln secllon 478 of Ihe Taxes Act 2010 01 Section 256 of the Taxalion of Chargeable Gains Acl 1992 to the exlent Ihal these are applied lo its charltable objects. No lax charges have arisen within the charitsble company. Page 22
BRITISH GLASS FOUNDATION (A company Ilmited by guarantoo) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 UNRESTRICTED FUNDS Trnnsfor botwéèn funds Balanco at 1 Aprll 2024 Balanc• at Outgolng 31 March 2025 Incoming General Fund 98.777 108.924 (9,119) {S9,853} 138,729 Transfer b•tween fund8 Balanc• at 1 April 2023 Balancg at Outgoing 31 March 2024 Incomlng General Fund 93,345 60,400 (8.363) (46,6051 98,777 10 RESTRICTED FUNDS Tran8f•r betwoon r•8lrlctod fund• Balan¢• at 1 Aprll 2024 Balan¢9 at Oulgolng 31 March 2025 Incomlng Other HLF 107,022 213,277 43.627 (203,2771 (52,746) 117,022 9,119 107,022 256.904 9.119 1256,0231 117,022 Transfer betwoen restrlcted funds Balance al 1 April 2023 Balance at Outgoing 31 March 2024 Incomlng other HFL 111,176 75.451 10.378 (1.564) 9.927 (78,0411 (20.3051 107,022 111,176 85,829 8,363 {98,346) 107,022 The reslflcted lund other Is made up of donallons recelved Irom a number of charitable tIU5ts, foundations and individuals to be spent on various projects related lo Ihe museum. The Trustees have utilised some of these donations during the year as part of the malch lunding requliements relating lo the opening of the museum. Page 23
BRITISH GLASS FOUNDATION (A company Ilmlted by guarantsè) NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 11 FUNDS Fund balances 8131 March 2025 represented ty: Unro$trlct•d funds Restrlcted fund$ Total Inveslments Glass collection Debtors Cash at bank and In hand Credilors 50,676 47,439 42,813 12,200 50.676 164,461 42.813 12,2001 117.022 Total net assets 138,729 117,022 255,751 Fund balances at 31 March 2024 represented by: Unr•8trlet•d fvnds R•glrlct•d lund8 Total Inveslmonls Glass collectlon Debtors Cash at bank and in hand Creditors 35,618 47,909 17,449 12,200) 35,818 154,931 17,449 (2,200) 107,022 Total net assets 98,777 107,222 205,799 12 DIRECTORS'ITRUSTEES, REMIJNERATION AND RELATED PARTY TRANSACTIONS Hulbert Prop8rtles Limited made donalions 01 £10,550 (2024.. £9,600) during the year. G Knowles, a director of the company. 1$ also a director and shareholder ol Hulbert Properties Llmiled. Benn8tt Kthllehouse Limited made donations of £500 (2024. £1,200) during Ihe year. G Wyhltehouse. a dlrector of the company, is also a dlrector and shareholder of Bennett Whitehouse Llmlled No other director or other person related to the charitable company had any other personal interest In any transaction entered into by the charitable company during Ihe year. During the year. BGF Trading Limlled (the subsidiary company of British Glass Foundallonl made a gift payment of £59,000 {2024-. £28,000) to the char6table company. At 31 Mar¢h 2025, Ihe charitable ompany was owed £21.749 {2024'. £29,985) Irom BGF Tradlng Llmlted. Page 24