**Registered Charity Number: 1157686** 

**Company Registration Number: 07021953 (England and Wales)** 

**HERITAGE IRONWORK TRUST LIMITED** 

**T/A NATIONAL HERITAGE IRONWORK GROUP** 

**TRUSTEES REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED** 

**30 SEPTEMBER 2020** 

**CUMMINS YOUNG 39 WESTGATE THIRSK NORTH YORKSHIRE YO7 1QR** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

|Directors and Trustees|Ms B Griffiths|
|---|---|
||B J Hall|
||A Legge|
||D G James|
||A Thearle|
|Secretary|A Thearle|
|Charity Registration No.|1157686|
|Company Registration No.|07021953|
|Registered Office|4 Churchway|
||Faukland|
||Radstock|
||Somerset|
||BA3 5US|
|Bankers|Santander|
||P O Box 382|
||21 Prescot Street|
||London|
||E1 8AD|
|Independent Examiner|Adil Khan A.C.A|
||Cummins Young|
||39 Westgate|
||Thirsk|
||North Yorkshire|
||YO7 1QR|





**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **CONTENTS** 

||Page|
|---|---|
|Trustees Report|1-5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Notes to the Accounts|9-15|





## **HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **TRUSTEES REPORT FOR THE YEAR TO 30 SEPTEMBER 2020** 

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their Annual Report together with the financial statements of the National Heritage Ironwork Group (NHIG) for the year ended 30 September 2020. The Trustees confirm that the annual report and financial statements of the company comply with the current statutory requirements and the requirements of the company’s governing document. 

## **CHAIRMAN’S REPORT** 

As for everyone, this has been very much a year of two halves, initially full of productive activity following our inaugural conference in November, but brought to a standstill in March 2020 by the global pandemic crisis.  Since then, we have been reassessing how we operate and have moved some aspects of our education programme online. Our mission remains: **“To raise people’s awareness and understanding of historic ironwork and promote best practice in its care and conservation** ” and we are continually seeking new ways of achieving this. 

But rewinding to pre-covid times, our inaugural conference, **Forging Ahead: New Perspectives on Heritage Ironwork** hosted by the V&A in their lecture theatre in **November 2019** , was a great success and went a good way towards achieving its aim of drawing a new generation of blacksmiths towards the conservation sector. The primary aim of the conference was to inspire an interest in conservation among blacksmiths, particularly those who might not see ‘heritage’ as relevant to their work.  There was an impressive cohort of students from Hereford and Plumpton, which was very encouraging for all, and a small but committed group of students now regularly attend NHIG courses and produce write-ups for our website. Of the 210 conference delegates, 61 were blacksmiths (and 45 of these had never attended an NHIG event before), 80 were students, 58 other heritage professionals and 11 were contributing delegates. Feedback was overwhelmingly positive and suggests that the event achieved its aim of offering inspiration, engagement and a move towards cross-disciplinary collaboration. 

In **February 2020** , NHIG representatives met with Alison Henry and Sophie Godfraind of Historic England at their Swindon offices to discuss the re-issuing of our Guidance booklet ‘Conservation Principles for Heritage Forged and Cast Ironwork’. There was helpful debate around the idea of individual organisations defining a distinct set of conservation principles for their own sector, and useful discussion of specific terminology used in our original document, specifically how it sits within the context of Historic England’s significance-based approach to conservation.  The upshot is that Brian Hall will lead an NHIG team to rewrite what is acknowledged to be a most useful guidance document for practitioners, in a form that Historic England can fully get behind and endorse. 

In **March 2020** , we held a seminar on ‘Treatment & Protection of Heritage Ironwork’ in Bath led by NHIG Secretary Andy Thearle, who was joined by Toby Petersen, Geoff Wallis, James Sibson of Fielden Clegg Bradley architects and specialist decorator Saskia Huning. This was meant to be the start of a new comprehensive 2-year seminar programme, but topics are now being rearranged to fit the limits – and opportunities – of online learning.  We do intend, however, to resume face-to-face seminars when possible, as the opportunity to network and converse that they provide is invaluable. Our Administrator has also been pursuing the idea of running working parties where small groups of practitioners undertake an ironwork conservation project and has secured funding for the first stage of this, which we hope to launch in Spring 2021. This ties in well with another initiative to kit out a mobile forge for demonstrations, hands-on opportunities and training days. The British Artist Blacksmiths Association have already donated an anvil to this project and funding proposals are being drafted. 

**Page 1** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **TRUSTEES REPORT FOR THE YEAR TO 30 SEPTEMBER 2020 - continued** 

## **CHAIRMAN’S REPORT (Continued)** 

In **April 2020** we took the decision to furlough our Administrator Jessica, given that our education events, which form the bulk of her work, would no longer be happening. She returned on flexi-furlough in September 2020 and is currently working reduced hours. Despite having to cancel all of our inperson events, the NHIG team, led by trustee Bethan Griffiths, immediately responded to the new situation by launching online learning via webinars. The first of these ‘Assessing Heritage Ironwork’ in **June 2020** was very well attended, with positive feedback. We have since held another on ‘Wrought Iron’, with two more to come on ‘Cast Iron’ and ‘Writing Specifications’. These sessions offer rigorous CPD level training for heritage professionals and have been taken up by a broad range of the sector. 

We have also partnered with Icon Metals Group to put together some more informal evening ‘in conversation’ events, starting with Tendering and Procurement. The events are free of charge and Icon have kindly enabled this using their online conferencing platform. The aim is to draw in those who have not attended NHIG events before, offering the opportunity to try out without financial commitment. The next step is to assess whether there is sufficient demand for us to invest in adequate software, which would enable effective professional delivery long-term. We also need to refresh our approach to marketing events, to make sure we are reaching the full spectrum of potential audiences. 

Unfortunately, partly due to the pandemic and more pressing calls on volunteers’ time, we have lost the focus on marketing that had been gathering momentum around the conference. This needs to be addressed again, with a specific marketing and publicity lead on the Council who is well-versed in building social media presence. Some projects have temporarily stalled while we refocus efforts. These include the ‘Colour’ project and ‘Specifications’ guidance, but we hope to get both moving again in the near future. The project to produce films of key conservation techniques and processes is ongoing but again has stalled temporarily owing to the volunteer lead’s need to focus on his business in these difficult times. 

We had to postpone the new NHIG Award for Excellence in Ironwork Conservation which we had intended to award for the first time in October 2020 at the Worshipful Company of Blacksmith’s annual dinner. We aim to re-launch early in 2021. This will help set a benchmark for high quality craftsmanship and draw attention to the high level of skill involved in conservation work. 

With the Administrator’s hours reduced, the onus has been on volunteers to get more involved and Bethan Griffiths has taken on the organisation of online events with impressive energy and enthusiasm, as well as her characteristic rigorous attention to detail. Much gratitude is also due to those who have supported her in setting up this new and essential initiative, providing a much-needed new income stream. 

**Page 2** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **TRUSTEES REPORT FOR THE YEAR TO 30 SEPTEMBER 2020 - continued** 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

NHIG is governed by an elected Council made up of 5 directors and 20 elected officers, including Chair, Vice Chair, Secretary, Treasurer, Resources, Publicity, Membership, Legislation, Education/Events, Website, 2 Day CPD and Enquiry Review Group. This team is supported by NHIG’s part time Administrator and Working Groups that are set up as required to run individual projects. 

The Trustees confirm that, in exercising their powers and duties, they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission. 

## **OBJECTIVES AND ACTIVITIES** 

The NHIG is a company and a charity registered in England and Wales and exists to advance the education of the general public in traditional ironwork, ironworking crafts and to promote the preservation of historic ironwork, in particular but not exclusively by: 

- a) Providing educational programmes and events 

- b) Promoting research into ironwork and publishing the useful results 

- c) Promoting high standards within the sector 

In achieving NHIG’s purpose of ensuring the conservation of ironwork for the benefit of the nation NHIG’s work can be categorised into the following areas of activity: 

- Education: developing and sustaining individual and collective knowledge 

- Research: instigating, conducting and publishing research about heritage ironwork 

- Professional Standards: defining and promoting high standards in the care of heritage ironwork 

- Resources: a focal point for information 

- Advocacy: championing heritage ironwork within the conservation community and outside it, in public and private sectors, nationally and internationally. 

## **ACHIEVEMENTS AND PERFORMANCE** 

## **Organisational Developments** 

- Appointments – Chris Blythman appointed Chair; Toby Petersen appointed Vice Chair 

## **Support** 

- Newsletter: 9 mailings this year to 721 subscribers with an average 42% open rate 

- Membership: 16 new members over the last 12 months, meaning we now have 82 members, generating £4,400 income per year. 

## **Education** 

We held 3 events this year (target is 4, but extenuating circumstances): 

- Conference at VandA in November 2019 

- Seminar: ‘Treatment & Protection of Heritage Ironwork’ in Bath in March 2020 

- ‘Assessment of Heritage Ironwork’ online training even in June 2020 

## **Website** 

- Guidance being downloaded regularly (see detail in Resources below) 

- On average, 110 people visiting site per day and around 350 page views per day 

**Page 3** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **TRUSTEES REPORT FOR THE YEAR TO 30 SEPTEMBER 2020 - continued** 

## **ACHIEVEMENTS AND PERFORMANCE (continued)** 

## **Resources** 

- Conservation Principles have now been downloaded 2474 times (435 this year) 

- Commissioning Guidelines downloaded 1573 times (312 this year) 

- Glossary has been downloaded 1402 (509 this year) 

- ‘Forged v Fabricated’ downloaded 1238 (369 this year) 

## **Professional Standards** 

- The various National Occupational Standards (NOS) related to forged heritage metalwork have also been downloaded from our website over 1000 of times. 

- We aim to present the first NHIG Award for Excellence in Ironwork Conservation in 2021 

- Proposed Guidance publication on ‘Specifications, Tenders and Procurement’ will help to set a benchmark 

## **PUBLIC BENEFIT** 

- Manned an enquiry line for free advice and information: 8 detailed queries answered this year 

- Continued to promote access to information by developing our website as a hub of ironwork information 

- Developed awareness & understanding of historic ironwork through events, newsletters and social media 

- Continue to consult on the development of mainstream education routes for apprentices 

- Events & opportunities relevant to heritage ironwork have been promoted 

## **PLANS FOR THE FUTURE** 

NHIG’s plans for the next twelve months include: 

- Launch NHIG Award for Excellence in Ironwork Conservation in 2021 

- Continue to develop online training opportunities in ironwork conservation, partnering with compatible organisations 

- Rewrite and expand our seminal Guidance document on ironwork conservation 

- Raise the profile of the NHIG and strengthen links within heritage sector via effective marketing 

- Develop further support for the membership scheme across the sector 

- Continue to grow the resources section of our website especially films 

- Apply for funds to set up a mobile forge to take to events 

- Secure funding to set up ironwork conservation working parties for small groups 

## **VOLUNTEER HELP** 

All responsibilities relating to directorship have been carried out on a voluntary basis by the Directors. This is an ongoing commitment that requires regular, often weekly, input. Council and working group responsibilities work on the same basis although the level of commitment varies between individuals. Thanks to all volunteers for their help. 

**Page 4** 



## **HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **TRUSTEES REPORT FOR THE YEAR TO 30 SEPTEMBER 2020 - continued** 

## **FINANCIAL REPORT AND RESERVE POLICY** 

The financial statements for the year ended 30 September 2020 are completed, available as separate document, and the trustees consider the level of reserves to be sufficient taking into consideration current projects. 

## **RISK MANAGEMENT** 

The trustees monitor the financial position of the charity at each trustees meeting and also examine other operational and business risks.  The trustees are satisfied that systems are in place to mitigate the exposure to the major risks. 

Signed on behalf of the Board of Trustees 

**Brian Hall Trustee** 

Dated: **13 November 2020** 

**Page 5** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE HERITAGE IRONWORK TRUST LIMITED** 

I report to the charity trustees on my examination of the accounts of the company for the year ended 30 September 2020, which are set out on pages 7-15. 

## **Responsibilities and basis of report** 

As the charity trustees of the company (and also its directors for the purpose of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. 

## **Independent examiner’s statement** 

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales. 

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 

2. the accounts do not accord with those records; or 

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or 

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. 

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 

**Adil Khan ACA Dated: 13 November 2020 Independent Examiner Cummins Young 39 Westgate Thirsk North Yorkshire YO7 1QR** 

**Page 6** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account)** 

## **FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

|||||**2020**|**2019**|
|---|---|---|---|---|---|
|**Notes**||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**£**|**£**|**£**|**£**|
|**Income Resources**||||||
|Incoming resources||||||
|from generated funds||||||
|Donations||501|-|501|3108|
|Memberships||4116|-|4116|3020|
|Incoming resources||||||
|from charitable activities|3|17687|-|17687|15346|
|Income from other trading activities|4|12781|-|12781|7091|
|Other incoming resources||||||
|Investment income||||||
|Bank interest received||106|-|106|144|
|||_____|_____|_____|_____|
|Total income||£35191|£-|£35191|£28709|
|||_____|_____|_____|_____|
|**Resources expended**||||||
|Direct charitable activities|5|33319|-|33319|44645|
|Governance costs|6|1277|-|1277|1271|
|||_____|_____|_____|_____|
|Total expenditure||£34596|£-|£34596|£45916|
|||_____|_____|_____|_____|
|**Net incoming/(outgoing) resources**||595|-|595|(17207)|
|**Total funds brought forward**|12|34255|6000|40255|57462|
|||_____|_____|_____|_____|
|**Total funds carried forward**|12|£34850|£6000|£40850|£40255|
|||**_____**|**_____**|**_____**|**_____**|



**Page 7** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **BALANCE SHEET FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

|||**2020**|**2019**|
|---|---|---|---|
||**Notes**|**£**|**£**|
|**Current Assets**||||
|Debtors|8|-|614|
|Cash at bank and in hand|9|43494|44419|
|||_____|_____|
|||43494|45033|
|**Creditors: Amounts falling due**||||
|**within one year**|10|2644|4778|
|||_____|_____|
|**Total assets less current liabilities**||£40850|£40255|
|||_____|_____|
|**Funds**||||
|Restricted funds|12|6000|6000|
|Unrestricted funds|12|34850|34255|
|||_____|_____|
|||£40850|£40255|
|||_____|_____|



The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 September 2020.  No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts. 

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company. 

These accounts have been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006. 

The accounts were approved by the Board on 13 November 2020 

B Hall (Trustee) 

B Griffiths (Trustee) 

Company Registration Number:  07021953 

**Page 8** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **1 Status of the company** 

The company is registered as a charity (number 1157686) and is a company limited by guarantee (number 07021953), having no share capital with solely charitable objectives.  The liability of the members in the event of a winding up is limited by guarantee to an amount not exceeding £10 per member. The registered office is 4 Churchway, Faukland, Radstock, Somerset, BA3 5US. 

## **2 Accounting Policies** 

## **Basis of preparation** 

The financial statements of the charitable company, which is a public benefit entity under FRS102, have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2016) - (Charities SORP (FRS102)), Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. Assets and liabilities are measured based upon historical cost. 

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 

## **Incoming resources Recognition of incoming resources** 

These are included in the Statement of Financial Activities (SoFA) when; 

- the charity becomes entitled to the resources; 

- the trustees are virtually certain they will receive the resources; and 

- the monetary value can be measured with sufficient reliability. 

## **Incoming resources with related expenditure** 

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SoFA. 

## **Grants and donations** 

Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. 

## **Contractual income and performance related grants** 

This is only included in the SoFA once the related goods or services have been delivered. 

**Page 9** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **2 Accounting Policies (continued)** 

## **Donated services and facilities** 

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.  The value placed on these resources is the estimated value to the charity of the service or facility received. 

## **Volunteer help** 

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. 

## **Investment income** 

This is included in the accounts when receivable. 

## **Expenditure and liabilities Liability recognition** 

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. 

## **Governance costs** 

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. 

## **Corporation Tax and Value Added Tax** 

The company has charitable status and is therefore exempt from Corporation Tax on the income received. 

Where applicable, expenditure is shown inclusive of irrecoverable VAT. 

## **Funds accounting** 

Funds held by the charity are: 

Unrestricted general funds – these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. 

Restricted funds – these are funds that can only be used for particular restricted purposes within the objects of the charity.  Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

**Page 10** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **3 Incoming resources from charitable activities** 

||||**2020**|**2019**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|||
||**£**|**£**|**£**|**£**|
|Training courses|2537|-|2537|11364|
|Grants|14300|-|14300|3000|
|Publications|850|-|850|982|
||_____|_____|_____|_____|
||£17687|£-|£17687|£15346|
||_____|_____|_____|_____|



## **4 Incoming resources from other charitable activities** 

||||**2020**|**2019**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|||
||**£**|**£**|**£**|**£**|
|Fundraising activities|||||
|Sponsorship|250|-|250|-|
|Hand forged item|38|-|38|875|
|Event entrance fee|6075|-|6075|-|
|FireFOLK|-|-|-|6071|
|General|-|-|-|145|
|Job retention scheme|6418|-|6418|-|
||_____|_____|_____|_____|
||£12781|£-|£12781|£7091|
||_____|_____|_____|_____|



**Page 11** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

**5 Resources expended – Charitable activities** 

||||**2020**|**2019**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|||
||**£**|**£**|**£**|**£**|
|Professional fees|8445|-|8445|11544|
|Hotel, travelling and subsistence|1029|-|1029|1504|
|Wages and salaries|17470|-|17470|16640|
|Employers pension contributions|273|-|273|290|
|Room hire|424|-|424|15|
|Printing, postage, stationery|||||
|and computer costs|1508|-|1508|1378|
|Telephone|124|-|124|184|
|Bookkeeping|988|-|988|972|
|Sundry expenses|-|-|-|84|
|Insurance|260|-|260|304|
|Training course expenses|2798|-|2798|4117|
|Fundraising expenses|-|-|-|7613|
||_____|_____|_____|_____|
||£33319|£-|£33319|£44645|
||_____|_____|_____|_____|
|**6**<br>**Governance costs**|||||
||||**2020**|**2019**|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**Funds**|**Funds**|||
||**£**|**£**|**£**|**£**|
|Independent examination fees|1021|-|1021|948|
|Annual Return fee|-|-|-|13|
|Bank, cards and PayPal charges|256|-|256|310|
||_____|_____|_____|_____|
||£1277|£-|£1277|£1271|
||_____|_____|_____|_____|



**7 Taxation** 

No liability to UK corporation tax arose on ordinary activities for the year ended 30 September 2020, nor for the period ended 30 September 2019. 

**Page 12** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **8 Debtors** 

|**8**|**Debtors**|||||
|---|---|---|---|---|---|
|||||**2020**|**2019**|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**Funds**|**Funds**|||
|||**£**|**£**|**£**|**£**|
|Trade debtors||-|-|-|50|
|Prepayments||-|-|-|564|
|||_____|_____|_____|_____|
|||-|-|-|614|
|||_____|_____|_____|_____|
|**9**|**Bank**|||||
|||||**2020**|**2019**|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**Funds**|**Funds**|||
|||**£**|**£**|**£**|**£**|
|Bank current account||6065|-|6065|7058|
|Bank savings account||30567|6000|36567|36461|
|PayPal||841|-|841|886|
|Cash in hand||21|-|21|14|
|||_____|_____|_____|_____|
|||£37494|£6000|£43494|£44419|
|||_____|_____|_____|_____|
|**10**|**Creditors**|||||
|||||**2020**|**2019**|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||**Funds**|**Funds**|||
|||**£**|**£**|**£**|**£**|
|Trade creditors||-|-|-|200|
|Other creditors||1349|-|1349|1453|
|PAYE||90|-|90|144|
|Accruals||1205|-|1205|1176|
|Deferred income||-|-|-|1805|
|||_____|_____|_____|_____|
|||£2644|£-|£2644|£4778|
|||_____|_____|_____|_____|



**Page 13** 



## **HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **11 Analysis of net assets between funds** 

||**Current**|**Current**||
|---|---|---|---|
||**Assets**|**Liabilities**|**Total**|
||**£**|**£**|**£**|
|Unrestricted funds|37494|2644|34850|
|Restricted funds|6000|-|6000|
||_____|_____|_____|
||£43494|£2644|£40850|
||_____|_____|_____|



## **12 Funds** 

The movement on the funds during the year were as follows: 

||**Opening**|**Incoming**|**Resources**|**Closing**|
|---|---|---|---|---|
||**Balance**|**Resources**|**Expended**|**Balance**|
||**£**|**£**|**£**|**£**|
|Unrestricted funds|34255|35191|34596|34850|
|Restricted funds|||||
|Colour|3000|-|-|3000|
|Film|3000|-|-|3000|
||_____|_____|_____|_____|
||£40255|£35191|£34596|£40850|
||_____|_____|_____|_____|



## **13 Restricted funds** 

The restricted funds relate to: 

1. Colour – for the production of an introductory guide to colour and finish in heritage ironwork 2. Film – for the production instructional films 

**Page 14** 



**HERITAGE IRONWORK TRUST LIMITED T/A NATIONAL HERITAGE IRONWORK GROUP** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 30 SEPTEMBER 2020** 

## **14 Share Capital** 

The company is a company limited by guarantee with no share capital.  The number of members whose liability is limited to no more than £10 each at the end of the year was 

|**2020**|**2019**|
|---|---|
|**Number**|**Number**|
|5|5|
|______|______|



## **15 Employees** 

The company had no more than one employee in the year and the wages paid were as follows: 

||**2020**|**2019**|
|---|---|---|
||**£**|**£**|
|Wages and salaries|17470|16640|
|Employers pension|273|290|
|Less job retention scheme|(6418)|-|
||_____|_____|
|Total|£11325|£16930|
||_____|_____|



## **16 Related parties** 

During the year, the company entered into transactions with the following directors and trustees: 

|||**2020**|**2019**|
|---|---|---|---|
|||**£**|**£**|
|Ms B Griffiths|Expenses|-|752|
|A Thearle|Services to BathIron|6000|-|
|||_____|_____|
|||£6000|£752|
|||_____|_____|



Expenses outstanding at the balance sheet date amounted to £Nil (2019 - £Nil) 

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