2023-12-31-accounts

Type ofgoverning document Constitution (Association)
How the charity is constituted The Saltford Brass Mill Project (SBMP) is a Charitable Incorporated Organisation (CIO).
Trustee selection methods Trustees and Officers are appointed by election at a General Meeting ofthe members. Patrick Beazley was appointed acting Chair b consensus amon the remainin Trustees.
Additional governance issues (Optional information)
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additional information, where relevant, about: The Trustees are supported by a committee made up ofmembers, also elected at a General Meeting ofthe membership.
~ policies and procedures adopted During the period ofthe report the Trustees have held a number ofad for the induction and training of hoc meetings and reviews, one committee meeting, held on line, and trustees; the 2023 Annual General Meeting, held in the Mill. the charity's organisational structure and any wider network with which the charity works; ~ relationship with any related Under SBMP's Safety Policy a comprehensive Hazard Log is maintained. This is reviewed annually, and we keep an Incident Book in the Mill along with first aid eguipment.
parties; trustees' consideration ofmajor risks and the system and procedures to manage them. We have a Safeguarding Policy and a Data Protection Policy in accordance with the General Data Protection Regulations. Volunteers receive regular briefings on all these aspects. There are no incidents to report to the Charity Commissioners. The resignation ofthe long-standing Chair in November is being managed without significant impact to the work ofthe CIO.

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		The objects orpurposes ofthe ClO are:
		The preservation and maintenance ofthe Saltford Brass Mill, on the river Avon in Somerset, for the public benefit.
Summary ofthe objects ofthe charity set out in its governing document		To advance the education ofthe public in the subject ofthe Mill. For the public benefit to advance education in the history ofthe brass industry in North East Somerset and the Bristol region by facilitating and supporting research into the industry, its working method and people involved.
		d. For the public benefit to advance education in the metal industry's heritage, history and relevance fortoday, particularly in relation to its place in North East Somerset and the Bristol region.
		At alf times trustees have had regard to the guidance issued by the Charity Commission on public benefit. We completed negotiation of a formal sub-lease of "our" section ofthe Mill from the Local Authority, setting out our respective rights and responsibilities regarding access, payment for utilities and safeguarding ofthe public while visiting the Mill. The Trustees consider this to be a firm basis for the future although we have some concerns about the ability ofthe Local Authority to meet its medium-term maintenance obligations in the current financial climate.
Summary ofthe main activities undertaken forthe public benefit in relation to these objects tinclude within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)		During the period ofthe report SBMP grew to over 20 members (including the trustees), ofwhom some 16are active volunteers. We were able open the Mill to the public as usual in May. We had just over 700visitors on open days, including some 120 young people and, in addition, over 100members ofvarious interested organisations attending arranged visits. Talks were given to local societies and interest groups by our Chair until his departure and the series ofvery short articles on aspects ofthe brass industry and the Mill published in a village magazine also continued.
		Garden and minor building maintenance and cleaning also continued. SBMP has continued to work on several projects to enhance our interpretation displays and introduce interactive video and acoustic simulation. We completed projects to replace exterior decking and to repair the fixed element ofone ofour penstock sluice gates.
		SBMP volunteers continued to conduct research and liaison with regional Museums Group and industrial Archaeology groups nationwide, leading to the enhancement of interpretation displays in the mill.
		There are no incidents to re ort to the Charit Commissioners.

			No further statements
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further statements,	where
relevant, about:
e policy on grantmaking;
~ policy programme		related
investment;
~ contnbutron made volunteers.		by
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Summary ofthe main			See above
achievements ofthe during the year		charity

Briefstatement ofthe charity's policy on reserves	The Trustees have implemented Financial Controls to ensure expenditure is controlled so that it isjustified and generally covered by income. N/here extra funds become available, for example after a large donation, the opportunity may be taken to initiate a special project to enhance, for example, the displays in the Mill. Closing lunds were just over f19,300a reduction ofjust f300over the year but were expected to reach f20,000early in 2024 on the recovery ofGift Aid money due. Most ofthe surplus funds are held in an interest bearing Bank account. The Trustees consider the CIO to be in a healthy financial position and the intention is to maintain the f'unds at this level for the foreseeable future.
Details ofany funds materially in deficit	None
Further financial review details	{Optional information)
You may choose to include additional information, where relevant about ~ the charity's principal sources offunds (including any fundraising);	Unrestricted funds. Nfe generated a reasonable amount during the year from visitor and group visit donations and from talks to local societies. Expenditure has been in support ofthe continuing operation ofthe Mill and the CIO. As mentioned above, the Trustees decided to use some of the legacy money to further upgrade the interpretation materials and commission a powered diorama,
~ how expenditure has supported the key objectives ofthe charity; investment policy and objectives including any ethical investment policy adopted.	Restricted Funds. These are the residue ofa grant from the local authority {Bathand North East Somerset), which has a "repairing" lease on the property. The staring amount for the year was 8406 and some f400was used during the year to complete the re-siting ofthe Water N/heel Models following the removal ofa large tree by the Council and the updating of Fire Safety Equipment. These funds are now just under E8and the account is ready to receive money from the Council for any repairs or maintenance tasks that the Vo(unteers can carry out safely.
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			ategoigea			Def'ail'					Unrestricted funds		Restdcted funds	Endowment funds		Totalfunds
BtCash funds						Metro Business Instant Access Acc Metro Business Community Current Metro Business Community Current			Acc Acc2		tonearest' 17,869 1,850		tonearest 5	to	nearest c	tonearest 5 17,689 1,650
						Total		cast) funds			19,319					19,327
						(agree balances viiln	receipts and psymeats
								account(s))
											Unrestricted		Restricted	Endowment
											funds		funds		funds
B2Other monetary			assets								tonearest B		tonearest 5	to	nearest a
B3Investment		assets				Details					Fund towhich asset be)on	Cost (opaonal)
B4Assets retained			forthe charity's	own use		Detai(s					Fund towhich asset be)on s	C	t	Current value dona)
B5Liabilities						Details					Fund towhich liaM relates
Signed by one ortwo trustees on behalf ofall				the trustees		na	re				Print	Name		Date of
														a	rovai
											STA)/ROS CHRISTOFIDES
											PATRICK	BEAZLEY
Signed the Auditor											CHRIS	ESSEX