SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
Registered Charity No. 1178389
ANNUAL REPORT AND ACCOUNTS
For the year ended 30 April 2022
TRUSTEES’ REPORT
The Council present their annual report together with the financial accounts of the Society for the year ended 30 April 2022.
CONTACT ADDRESS
75, Banner Cross Road, Sheffield, S11 9HQ.
STRUCTURE GOVERNANCE & MANAGEMENT
The Society was registered as a Charitable Incorporated Organisation on 15 May 2018 and is governed by its constitution which vests control and responsibility in a Board of Trustees on behalf of the membership. On registration it took over the assets, liabilities and activities of an unincorporated charitable body of the same name.
Trustees
AMJ Ball CM Jones (appointed 10/10/22) DA Bayliss (resigned 10/10/22) J McQuaid DG Cantrell J McNeil JA Cooper S Myers (appointed 20/01/22) AW Dunlop RM Tiddy J B Harrison-Jennings MA Tylee J Illingworth
OBJECTIVES AND ACTIVITIES
The objectives are the education and instruction of the public by the furtherance of the study, investigation, description and preservation of the historical and archaeological evidence of the trades which have been carried on in South Yorkshire from the earliest times to the recent past.
The Society was able to offer a programme of lectures online via Zoom for part of the year and was also able to return to in-person meetings as restrictions were lifted. The Society has also kept in touch with the membership and made sales of publications through the website. The number of Society members stands at 173 (111 of which can receive regular email updates) and the number of followers on Facebook has increased to almost 700.
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
TRUSTEES’ REPORT continued
The Society was pleased to be asked to assist with the South Yorkshire Local Heritage List towards the end of the year. This is a project to identify and list heritage assets which currently do not have any national protection. Members of the Society sit on a committee to consider the merit of nominations.
A number of other outside research projects have contacted the Society and assistance has been provided with the knowledge and help of the membership. Work has continued on regular publications with one on Suffolk Works in Sheffield City Centre being completed. Thanks go to the Archaeology Department at the University of Sheffield for providing the text and funding. Monitoring of developments at its various sites and elsewhere in South Yorkshire continues.
Assets
In following its objectives, the Society has beneficial ownership of the following historical heritage properties:
| Wortley Top Forge | Grade I listed and Scheduled Ancient Monument |
|---|---|
| (cottages are II) | |
| Rockley Engine House | Scheduled Ancient Monument |
| Rockley Furnace | Scheduled Ancient Monument |
| Bower Spring Cementation | Furnace Scheduled Ancient Monument |
| Hoylandswaine Nail Forge | Grade II listed |
In addition the Society owns a collection of historic stationary steam engines and other machinery and artefacts mostly held at Wortley Top Forge.
The properties and machines are managed through a formal Memorandum of Understanding by South Yorkshire Trades Historical Trust Limited (a registered charity).
The trustees consider that the activities and achievements of the Society in the past year continue to meet the public benefit requirements of the Charities Act.
FINANCIAL REVIEW
The Society normally derives its funds from membership fees, sales of publications and donations, and seeks grants or similar funding for the maintenance of its properties. Once again income was limited through lack of activity losing donations previously given at the lectures and with the majority of members paying the reduced rate of subscription (£8). There is also an increasing trend for speakers to request speaker fees. The trustees are therefore considering whether it is time to propose an increase in subscriptions. Currently there are 20
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
TRUSTEES’ REPORT continued
members with some payments overdue. At the same time due to a lack of face to face meetings there have been savings on room hire for trustee meetings, replaced by the use of Zoom.
There has been a small surplus on operating. During the year South Yorkshire Trades Historical Trust donated a heritage asset which had been in its ownership. This was an anomaly under the Memorandum of Understanding and there was a known cost which could be included on the balance sheet.
Investment & reserves policy
The trustees invest the funds of the Society so as to generate short term income for the use of the Society. All funds are placed with registered deposit takers. Reserves are maintained to ensure that the Society may meet running costs and publication obligations for the next year.
PLANS FOR FUTURE PERIODS
The lecture programme for the forthcoming season is planned for in person meetings at Kelham Island Industrial Museum. The trustees will continue to use the website, Facebook and other electronic means to keep the membership informed of activity and developments. They have also been collaborating with other heritage organisations and continuing to work on publications. One publication has been completed since the year end.
A major project, currently in progress, is the acquisition of the cottage on the Wortley site which used to be the manager’s office and, latterly, has been in private ownership. The Society is very grateful to the owners for giving us this chance to consolidate the entire site in our ownership. A full report will be made next year.
On behalf of the Trustees,
A M J Ball President 15[th] November 2022
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
Registered Charity No. 1178389
ANNUAL REPORT AND ACCOUNTS
For the year ended 30 April 2022
TRUSTEES’ REPORT
The Council present their annual report together with the financial accounts of the Society for the year ended 30 April 2022.
CONTACT ADDRESS
75, Banner Cross Road, Sheffield, S11 9HQ.
STRUCTURE GOVERNANCE & MANAGEMENT
The Society was registered as a Charitable Incorporated Organisation on 15 May 2018 and is governed by its constitution which vests control and responsibility in a Board of Trustees on behalf of the membership. On registration it took over the assets, liabilities and activities of an unincorporated charitable body of the same name.
Trustees
AMJ Ball CM Jones (appointed 10/10/22) DA Bayliss (resigned 10/10/22) J McQuaid DG Cantrell J McNeil JA Cooper S Myers (appointed 20/01/22) AW Dunlop RM Tiddy J B Harrison-Jennings MA Tylee J Illingworth
OBJECTIVES AND ACTIVITIES
The objectives are the education and instruction of the public by the furtherance of the study, investigation, description and preservation of the historical and archaeological evidence of the trades which have been carried on in South Yorkshire from the earliest times to the recent past.
The Society was able to offer a programme of lectures online via Zoom for part of the year and was also able to return to in-person meetings as restrictions were lifted. The Society has also kept in touch with the membership and made sales of publications through the website. The number of Society members stands at 173 (111 of which can receive regular email updates) and the number of followers on Facebook has increased to almost 700.
1
SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
TRUSTEES’ REPORT continued
The Society was pleased to be asked to assist with the South Yorkshire Local Heritage List towards the end of the year. This is a project to identify and list heritage assets which currently do not have any national protection. Members of the Society sit on a committee to consider the merit of nominations.
A number of other outside research projects have contacted the Society and assistance has been provided with the knowledge and help of the membership. Work has continued on regular publications with one on Suffolk Works in Sheffield City Centre being completed. Thanks go to the Archaeology Department at the University of Sheffield for providing the text and funding. Monitoring of developments at its various sites and elsewhere in South Yorkshire continues.
Assets
In following its objectives, the Society has beneficial ownership of the following historical heritage properties:
| Wortley Top Forge | Grade I listed and Scheduled Ancient Monument |
|---|---|
| (cottages are II) | |
| Rockley Engine House | Scheduled Ancient Monument |
| Rockley Furnace | Scheduled Ancient Monument |
| Bower Spring Cementation | Furnace Scheduled Ancient Monument |
| Hoylandswaine Nail Forge | Grade II listed |
In addition the Society owns a collection of historic stationary steam engines and other machinery and artefacts mostly held at Wortley Top Forge.
The properties and machines are managed through a formal Memorandum of Understanding by South Yorkshire Trades Historical Trust Limited (a registered charity).
The trustees consider that the activities and achievements of the Society in the past year continue to meet the public benefit requirements of the Charities Act.
FINANCIAL REVIEW
The Society normally derives its funds from membership fees, sales of publications and donations, and seeks grants or similar funding for the maintenance of its properties. Once again income was limited through lack of activity losing donations previously given at the lectures and with the majority of members paying the reduced rate of subscription (£8). There is also an increasing trend for speakers to request speaker fees. The trustees are therefore considering whether it is time to propose an increase in subscriptions. Currently there are 20
2
SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
TRUSTEES’ REPORT continued
members with some payments overdue. At the same time due to a lack of face to face meetings there have been savings on room hire for trustee meetings, replaced by the use of Zoom.
There has been a small surplus on operating. During the year South Yorkshire Trades Historical Trust donated a heritage asset which had been in its ownership. This was an anomaly under the Memorandum of Understanding and there was a known cost which could be included on the balance sheet.
Investment & reserves policy
The trustees invest the funds of the Society so as to generate short term income for the use of the Society. All funds are placed with registered deposit takers. Reserves are maintained to ensure that the Society may meet running costs and publication obligations for the next year.
PLANS FOR FUTURE PERIODS
The lecture programme for the forthcoming season is planned for in person meetings at Kelham Island Industrial Museum. The trustees will continue to use the website, Facebook and other electronic means to keep the membership informed of activity and developments. They have also been collaborating with other heritage organisations and continuing to work on publications. One publication has been completed since the year end.
A major project, currently in progress, is the acquisition of the cottage on the Wortley site which used to be the manager’s office and, latterly, has been in private ownership. The Society is very grateful to the owners for giving us this chance to consolidate the entire site in our ownership. A full report will be made next year.
On behalf of the Trustees,
A M J Ball President 15[th] November 2022
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Independent examiners report to the trustees of SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIErY for the year ended 30" April 2022 I report on the ac(x)unts of the charity for the year ended 30 April 2022 which are s8t out on pages 5 to 9. Respective responsibtlities of trustees and examiner The charity's trustees are responsible for the preparalion of the a(xounts. The charity's trustees consider that an audit is not required for thts year under SectIL 144(2) of the Chartlies Act 2011 (the 2011 Act) and that an independent exaTnination is needed. It is my responsibility to: examine the accnunts under section 145 of the 2011 Act" follow the procedures laid down in the general Dwections given by the Charity Commission under section 145(5)(b) of the 2011 ACL" and stste whether particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordan the general Directions given by the Charity Cotnmission. An exatnination indudes a review of the accounting records kept by the charity and a COTnparison of the actounts presented with those records. It also indudes consideration of any unusual items or disdosures in the accounts. and seeking explanations from you as trustees conceming any such matters. The prodUreS undertaken do not prowde all Ihe evidence that would be required in an audtl and consequently no opinion is given as to whether the a(u)unts present a Irue and fair VI and the report is limited to those matters set out in the ststement below. Independent examinerfs statement In connection with my examination. no matter has me to my attention.. which gives me reasonable (ause to believe thaL in any material resFE¢ the requirements: to keep accounting records in accordan section 130 of the 2011 ACL and to prepare acwunts which afxord with the accounting records and comply wilh the accounting requirements of the 2011 Aci have not been meL' or to which. in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mr Heera Singh FMAAT HSL Accountancy Solutions Ltd Enterprise House 61a Carr House Doncaster DN12BY Date: 1511 November 2022
SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
Statement of Financial Activities
for the Year ended 30 April 2022
| notes Incoming resources Incoming resources from generated funds Voluntary income 3 Activities for generating funds 4 Investment income Resources expended Costs of generating funds Costs of generating voluntary income 5 Charitable activities 6 Total resources expended Net incoming resources Total funds brought forward Total funds carried forward |
Restricted £ 2,730 - - 2,730 - - - 2,730 3,620 6,350 |
Unrestricted £ 2,105 145 39 2,289 - 1,474 1,474 815 122,886 123,701 |
2022 2021 Total Funds Total Funds £ £ 4,835 1,178 145 374 39 427 5,019 1,979 - 1,474 873 1,474 873 3,545 1,106 126,506 125,400 130,051 126,506 |
|---|---|---|---|
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
BALANCE SHEET
| At 30 April 2022 note Fixed Assets and Investments 8 Current Assets Stock of books Cash at bank Deposit account Current account Accrued income Current Liabilities Outstanding expenses Deferred income Net Current Assets Net Assets Accumulated Funds Restricted 11 Unrestricted general designated 12 |
2022 £ 9,331 500 117,425 4,882 235 123,042 (965) (1,357) (2,322) 120,720 130,051 6,350 33,701 90,000 130,051 |
2021 £ 6,601 500 117,386 2,119 239 |
|---|---|---|
| 120,244 | ||
| (339) - |
||
| (339) | ||
| 119,905 | ||
| 126,506 | ||
| 3,620 32,886 90,000 |
||
| 126,506 |
The financial statements were approved by the Trustees on 15th November 2022 and are signed on their behalf by;
A M J Ball President
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2022
1. ACCOUNTING POLICIES
The financial statements are prepared on the historical cost basis, and in accordance with the Statement of Recommended Practice : Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.
a) Grants and voluntary income
All grants and voluntary income are accounted for in the year when they are received unless receipt has become certain at the balance sheet date.
b) Other income and expenditure
Other income and expenditure is accounted for on the accruals basis.
c) Investments
All investments stated as current, being monetary assets, are stated at cost.
d) Stocks
Stock consist of unsold copies of Water Power on the Sheffield Rivers and other published books at an estimate of realisable future value. Journals and donated books are not considered to have a value unless sold.
e) Loose tools and equipment
Loose tools and equipment owned by the Society for the purposes of maintaining and operating the properties and the machinery is not capitalised but is written off as expenditure when incurred.
f) Heritage Assets
Heritage assets acquired prior to 2011 are not capitalised because the Trustees consider that it would be impractical to arrive at a value for assets which were acquired for a nominal fee or were donated, are mostly unique and for which there is no reliable replacement cost information.
2. TAXATION
As a registered charity, the Trust does not pay tax on its income.
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
For the Year ended 30 April 2022
| 3 VOLUNTARY INCOME Subscriptions and tax recovered Donations 4 ACTIVITIES FOR GENERATING FUNDS Water Power on the Sheffield Rivers Other published books Royalties Donated books and publications 5. COST OF GENERATING VOLUNTARY INCOME Costs of published books 6. CHARITABLE ACTIVITIES Lecture costs Insurance Support costs - see note 7 Governance costs Miscellaneous |
2022 £ 2,105 2,730 4,835 10 108 27 - 145 - - 30 221 888 175 160 1,474 |
2021 £ 1,143 35 |
|---|---|---|
| 1,178 | ||
| 243 65 66 - |
||
| 374 | ||
| - | ||
| - | ||
| - - 578 175 120 |
||
| 873 |
7. OTHER COSTS
Governance costs consist of room hire for the committee, accountancy costs and public meetings.
Support costs consist of postage, stationery, subscriptions, website and miscellaneous costs and are allocated appropriate to the activities supported.
8. FIXED ASSETS AND INVESTMENTS
| £100 shares in Portland Works Buxton & Thornley engine at cost Beam engine "Elizabeth" at donated value Nominal value of other heritage assets |
100 6,500 2,730 1 |
|---|---|
| 9,331 |
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SOUTH YORKSHIRE INDUSTRIAL HISTORY SOCIETY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 30 April 2022
8. TANGIBLE FIXED ASSETS - HERITAGE ASSETS
The Society has beneficial ownership of a number of historic properties, machines and other artefacts which are carried in the balance sheet at a nominal £1. Details of the properties are shown in the Trustees’ Report.
9. TRUSTEES REMUNERATION
Members of the Council received no direct remuneration or expenses other than reimbursement of direct expenses incurred on behalf of the Society.
10. RELATED PARTY
The Trustees consider South Yorkshire Trades Historical Trust Limited to be a related party because the majority of the trustees act for both organisations and the Trust manages the assets on behalf of the Society.
11. RESTRICTED FUNDS
The restricted fund consists of £3,620 (held in cash) which is the balance of funds received towards the conservation work at Bower Spring furnace, and £2,730 which is the capitalised value of the beam engine, “Elizabeth” which was donated by the South Yorkshire Trades Historical Trust at its historical cost.
12. DESIGNATED FUNDS
Following the sale of a machine which had been donated to the Society many years ago, the Trustees resolved that the sales funds of £90,000 be designated towards providing an income to cover the basic running costs at Wortley Top Forge and other heritage properties. Ultimately the intention has been to put it towards the purchase of Wortley Cottage if and when that comes on the market. (See Trustees’ Report Future Plans.)
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