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2024-04-01-accounts

South House Silver Workshop Trust

Chairman’s Report

January 2025

Period Jan 2024 to Jan 2025

The year 2024 was again very successful in terms of training and as the project has developed we have started to see the results with the work exhibited by past scholars.

The Trustees selected two scholars in late 2023 from the 15 applications that were received. They were Helena Russell, Johnathan Stokes, they were awarded four month scholarships, three one moth scholarships were awarded to Barbabas Taylor, Monica Finlay and Anna Olafsson.

In January 2024 Hellena completed one month of training with Brett Payne in Sheffield and Jonny trained with both Brett Payne and Chris Perry. Barnabus spent one month with Brett Payne in Sheffield. Monica and Anna visited Shetland at the same time, Monica making a beautiful complicated box in silver and Anna a lovely tall slender vase. Helena Russell produced the largest piece she has even made, a single tall candlestick which was absolutely stunning.

All five scholars made new pieces in silver under the close supervision of the master silversmiths, the silver was kindly loaned by Argex Ltd.

All five were taught new skills in an intensive situation as well as receiving advice on exhibiting, marketing, design and accounting skills.. All accommodation costs were covered along with their travel and each scholar received a weekly subsistence allowance.

The three scholars produced beautiful pieces with their increased skills and several applied and were accepted to exhibit at the highly prestigious exhibition in Sheffield, Goldsmiths’ North which is supported by The Goldsmiths’ Company

All of our major donors again funded the program and we raised over £45k to fund the full scheme.

We continue to pass on to the next generation of silversmiths the techniques that have been honed over 40 years by myself Brett and Chris we are preserving the craft skills for the future.

We have a very bright future and we look forward as a Trust to working with the many young talented silversmiths that are working and studying in the UK.

As the scholarships role out over a year we still have to completed scholarships with Johnathan Stokes and Helena Russell both of which have one month to complete.

The new application poster for 2025- 26 is about to be released. Following feedback from the silversmiths we have changed the length of time that the silversmiths visit the workshops. We hope to attract more applications as scholarships will now be either one month placements or two month placements. We have raised enough

funds to cover ten scholarships and we are confident that we will received a large amount of applications. We hope as we go forward to increase our funding and also fund a web site charting all of our achievements.

Rod Kelly MA (RCA)

Goldsmith Silversmith Chairman .

South House Silver Workshop

Statement of Income and Expenditure

For the period from 1[st] January 2024 to 31[st] December 2024

Total Income £ 31,050.00
(includes Donations)
Total Income 3,661.65
(includes Reimbursements for silver)
Total Interest 62.83
(CAF Bank interest)
_____
£ 34,774.48
Less
: ** Expenses**
Outgoings £ 45,329.68 *
* see outgoing breakdown
Bank Charges and Monthly Fees 60.00
(45,389.68)
_______
Net ‘Loss’ £ (10,615.20)
==========
Notes to Accounts
:
Balance on bank account (CAF bank – Acc. No. 00024006)
@ 1stJanuary 2024 - £ 41,408.36
@ 31stDecember 2024 - £ 30,793.16
South House Silver Workshop
Registered Charity Number: 1151646

Registered Address: South House Muckle Roe, Brae, Shetland, ZE2 9QW

Signed: Chris Ellard (Trustee and accountant) chrisellard284@gmail.com

15[th] January 2025

Outgoings breakdown

Argex (Silver for scholars) - £ 3,409.58
Posters, PR, Applications (Karin Paynter) - 280.00
Tuition
:
Rod Kelly - 16,800.00
(re. Sheng Zhang, Helena Russell, Monica Finlay
Anna Olafsson, Francesca Onumah)
Brett Payne - 11,200.00
(re. Jonny Stokes, Barnabas Taylor, Alice Fry)
Chris Perry - 4,200.00
(re. Jonny Stokes)
Tuition Expenses
:
Rod Kelly (Internet) - 624.00
Bursary (& expenses)
:
Helena Russell (Scholarship) - 525.00
Alice Fry (Subsistence, Travel & Accom.) - 320.00
Sheng Zhang (Subsistence & Accom.) - 500.00
Jonny Stokes (Subsistence, Travel & Accom.) - 1,720.00
Barnabas Taylor (Subsistence, Travel & Accom.) - 1,210.10
Helena Russell (Subsistence, Travel & Accom.) - 1,500.00
Monica Finlay (Subsistence, Travel & Accom.) - 1,291.00
Anna Olafsson (Subsistence & Accom.) - 1,150.00
Scott Smith (Subsistence) - 100.00
Francesca Onumah (Subsistence, Travel & Accom.) - 400.00
Sundries
Taxi for Alastair Grimstone - 100.00
____
Total £ 45,329.68
____
---------------

South House Silver Workshop

Statement of Income and Expenditure

For the period from 1[st] January 2024 to 31[st] December 2024

Total Income £ 31,050.00
(includes Donations)
Total Income 3,661.65
(includes Reimbursements for silver)
Total Interest 62.83
(CAF Bank interest)
_____
£ 34,774.48
Less
: ** Expenses**
Outgoings £ 45,329.68 *
* see outgoing breakdown
Bank Charges and Monthly Fees 60.00
(45,389.68)
_______
�et ‘Loss’ £ (10,615.20)
==========
Notes to Accounts
:
Balance on bank account (CAF bank – Acc. No. 00024006)
@ 1stJanuary 2024 - £ 41,408.36
@ 31stDecember 2024 - £ 30,793.16
South House Silver Workshop
Registered Charity Number: 1151646

Registered Address: South House Muckle Roe, Brae, Shetland, ZE2 9QW

Signed: Chris Ellard (Trustee and accountant) chrisellard284@gmail.com

15[th] January 2025

Outgoings breakdown
Argex (Silver for scholars) - £ 3,409.58
Posters, PR, Applications (Karin Paynter) - 280.00
Tuition
:
Rod Kelly - 16,800.00
(re. Sheng Zhang, Helena Russell, Monica Finlay
Anna Olafsson, Francesca Onumah)
Brett Payne - 11,200.00
(re. Jonny Stokes, Barnabas Taylor, Alice Fry)
Chris Perry - 4,200.00
(re. Jonny Stokes)
Tuition Expenses
:
Rod Kelly (Internet) - 624.00
Bursary (& expenses)
:
Helena Russell (Scholarship) - 525.00
Alice Fry (Subsistence, Travel & Accom.) - 320.00
Sheng Zhang (Subsistence & Accom.) - 500.00
Jonny Stokes (Subsistence, Travel & Accom.) - 1,720.00
Barnabas Taylor (Subsistence, Travel & Accom.) - 1,210.10
Helena Russell (Subsistence, Travel & Accom.) - 1,500.00
Monica Finlay (Subsistence, Travel & Accom.) - 1,291.00
Anna Olafsson (Subsistence & Accom.) - 1,150.00
Scott Smith (Subsistence) - 100.00
Francesca Onumah (Subsistence, Travel & Accom.) - 400.00
Sundries
Taxi for Alastair Grimstone - 100.00
____
Total £ 45,329.68
____
---------------