## **Trustees’ Annual Report for the period** ## **From 1 January 2020 to 31 December 2021** ## **Charity name: The Friends of Neath Abbey Iron Company (FNAIC) Charity registration number: 1178391** ## **Objectives and Activities** ||SORP
reference|| |---|---|---| |Summary of the purposes
of the charity as set out in
its governing document|Para 1.17|The objects of the CIO are:
(1) To preserve, restore and maintain for
the benefit of the public the historic
structure and environs known as Neath
Abbey Ironworks, Neath Abbey, south
Wales.
(2) To advance the public's education
with regard to the heritage and culture,
especially that pertaining to engineering
and science, of Neath Abbey Ironworks
andits environs.| |Summary of the main
activities in relation to
those purposes for the
public benefit, in particular,
the activities, projects or
services identified in the
accounts.|Para 1.17
and 1.19|We preserve for the public's benefit the
historic structure and environs of Neath
Abbey ironworks, Neath Abbey, south
Wales. This involves vegetation control
and conservation work.
We advance the public's education
regarding the heritage and culture,
especially engineering and science, of
Neath Abbey Ironworks and its environs.
This involves, amongst others,
community educational events such as
guided tours, open days, exhibitions and
talks.| |Statement confirming
whether the trustees have
had regard to the
guidance issued by the
Charity Commission on
public benefit|Para 1.18|We confirm that the trustees have had
regard to the Charity Commission’s
guidance on public benefit when
planning our activities.| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|**N/A **| |Policy onsocial|Para1.38|**N/A**| |investment including
program related
investment||| |---|---|---| |Contribution made by
volunteers|Para 1.38|The achievements of the charity would
not have occurred without the
contributions made by volunteers. The
Trustees give freely of their time, and
lead the volunteers. We meet every
Sunday afternoon, and frequently on
weekdays. This is apart from
archaeological digs, guided tours,
lectures and talks given by the trustees.
The Friends work in the Ironworks
sometimes 3-4days per week.| |Other||**N/A **| ## **Achievements and Performance** ||SORP
reference|| |---|---|---| |Summary of the main
achievements of the
charity, identifying the
difference the charity’s
work has made to the
circumstances of its
beneficiaries and any
wider benefits to society
as a whole.|Para 1.20|Heritage is a huge resource which
cannot be replaced once it is lost.
The Ironworks has been completely
transformed from a derelict dumping
ground into a community space.
Removal of trees and ivy has stopped
the damage of archaeological remains,
and herbicide spraying of vegetation
such as buddleia and ivy has saved the
monuments from further degradation.
Clearing of illegal refuse tipped from the
site has metamorphosed this forgotten
valley into a useable community space.
The volunteers have achieved this
alone.
The benefits of heritage engagement
cannot be understated, especially in an
area where 11 per cent of working age
adults have no qualifications and is
ranked as amongst the most deprived
areas in Wales. FNAIC provides skills
training for its volunteers, and this
engagement has improved employment
skills; ranging from technical and
business management to conservation
and information management.
Volunteering opportunities provide a way
to actively improve one’s mental and
physical health. By giving people
meaningful roles and physical work,
FNAIC offers a real opportunity to add
value to the communityinaworthwhile| way and at the same time it provides a context in which people can live a healthy life. We meet once a week on a Sunday afternoon, and in the summer on Wednesday nights. Between 12-20 people of all ages volunteer each week, but our pool of volunteers is approximately 50. Shared learning is vital to sustaining the historic environment; it raises awareness and understanding of heritage, including the varied ways in which our past is perceived by different generations and communities. It encourages informed and active participation in the historic environment. Knowledge and expertise are vital in encouraging and enabling others to learn about, value and care for our heritage. The Ironwork’s site is vital to the community, and it is important that the site is conserved, so that future generations can benefit from its legacy. Our onsite community work resumed in 2021 on our National Lottery Heritage Fund project in Neath Abbey Ironworks and a converted BT telephone kiosk in Longford housing estate. With social distancing involved we worked from February onwards on our heritage/information kiosk. Here local people can, via a large accessible display book and works of art, discover the area’s history, biodiversity, the nearby trails and explore the heritage. This involved painting, replacing glass, repairs and cabinet work. We inserted a notice board where the community can discover their heritage and local information, and a bi-lingual illustrative map of the area in poster and leaflet form. QR codes link people to the digital information. We maintained a community dialogue from the onset, explaining the project to the local people, who were all supportive. The local community now uses it as a book exchange centre. In the Ironworks, once Covid restrictions were lifted, we erected accessible interpretive panels to explain the history and function of the structures and buildings, as well as its biodiversity. QR codes link to further digital information. We purchased two notice boards for community engagement tasks, especially involving children, about the heritage, biodiversity and environment of the Ironworks. We made a digital model of an 1818 beam engine that the Ironworks made for the Hafod Copperworks rolling mill. These are displayed on line in People’s Collection Wales website. We challenged local Dwr-y-Felin Comprehensive schoolchildren to produce artworks that reflected Neath Abbey’s heritage. Examples are displayed online, in the kiosk and Ironworks. We painted our shipping container green to blend in with the environment. Our Facebook site continued to grow, attracting more followers, and on Twitter, we get many thousands impressions per month. Guided tours started again, and we had Open Doors days with over 400 visitors in September. ## **Additional information (optional)** |Youmay choose toinclude|furtherstatementswhererelevant about:|furtherstatementswhererelevant about:| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of
fundraising activities
against objectives set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |Review of the charity’s
financial position at the
end ofthe period|Para 1.21|Cash at bank on 31/12/2021 was £1447.
The funds are held to cover operational
costsinthefuture.| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|Reserves are held to provide funds for
future liabilities, such as running costs
for 12 months. However, this is only to
the extent that the limited resources of
the charity allow, and we are fortunate
that ourexpenses arelow.| |Amount of reserves held|Para 1.22|£1447| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially
in deficit|Para 1.24|N/A| |Explanation of any
uncertainties about the
charity continuing as a
going concern|Para 1.23|There are no uncertainties about the
charity continuing.| |**Additional information (optional)**
Youmay choose toincludefurtherstatementswhererelevant about:||| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Our main source of funding this year has
been donations.| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|**N/A**| |A description of the
principal risks facing the
charity|Para 1.46|The main risk is the finding of
successors to the trustees. However, we
have found that interest in our work is
growing, and new trustees have stepped
forward.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing
document
(trust deed, royal charter)|Para 1.25|**Foundation model constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**CIO**| |Trustee selection methods
including details of any
constitutional provisions
e.g. election to post or
name of any person or
body entitled to appoint
one or more trustees|Para 1.25|**Eligibility for trusteeship**
a) Every charity trustee must be a
natural person.
b) No one individual may be appointed
as a charity trustee of the CIO:

if he or she is under the age of 16
years; or

if he or she would automatically
cease to hold office under the provisions
of clause [12(1)(e)].
c) No one is entitled to act as a charity
trustee whether on appointment or on
any re-appointment until he or she has
expressly acknowledged, in whatever
way the charity trustees decide, his or
her acceptance of the office of charity
trustee.
**Number of charity trustees**
a) There must be at least four charity
trustees. If the number falls below this
minimum, the remaining trustee or
trustees may act only to call a meeting of
the charity trustees, or appoint a new
charity trustee.
b) The maximum number of charity
trustees is 14. The charity trustees may
not appoint any charity trustee if as a
result the number of charity trustees
would exceed the maximum.
**Appointment of charity trustees**
1) Apart from the first charity trustees,
every trustee must be appointed by a
resolution
passed
at
a
properly
convened
meeting
of
the
charity| |trustees.| |---| |2) In
selecting
individuals
for| |appointment as charity trustees, the| |charity trustees must have regard to the| |skills, knowledge and experience needed| |for the effective administration of the| |CIO.| |**Retirement and removal of charity**| |**trustees**| |1) A charity trustee ceases to hold office| |if he or she:| |a) retires by notifying the ClO in writing| |(but only if enough charity trustees will| |remain in office when the notice of| |resignation takes effect to form a quorum| |for meetings);| |b) is absent without the permission of| |the
charity
trustees
from
all
their| |meetings held within a period of six| |months and the trustees resolve that his| |or her office be vacated;| |c) dies;| |d) becomes incapable by reason of| |mental disorder, illness or injury of| |managing and administering his or her| |own affairs; or| |e) is disqualified from acting as a charity| |trustee by virtue of sections 178-180 of| |the Charities Act 2011 (or any statutory| |reenactment or modification of that| |provision).| |2) Any person retiring as a charity| |trustee is eligible for reappointment.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|**Information for new charity trustees**
The charity trustees will make available
to each new charity trustee, on or before
his or her first appointment:
a) a copy of the current version of this| |---|---|---| |||constitution; and
b) a copy of the CIO’s latest Trustees'
Annual
Report
and
statement
of
accounts.
Training is arranged for trustees so that
they may learn more about their roles
and responsibilities.| |---|---|---| |The charity’s
organisational structure
and any wider network
with which the charity
works|Para 1.51|| |Relationship with any
related parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|The Friends of Neath Abbey Iron Company| |---|---| |Other name the charity
uses|| |Registered charitynumber|**1178391**| |Charity’s principal address|Secretary: PL Richards
Wern Ddu Uchaf Farm
Wernddu Rd
Alltwen
Pontardawe
Swansea
SA8 3JA| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or**
**body) entitled to appoint**
**trustee(if any)**| |---|---|---|---|---| ||Victor Kean
James|Chair||By a properly convened
meeting
of
the
charity
trustees.| ||Stephen Absalom|Vice-Chair||By a properly convened
meeting of the charity
trustees.| ||Stephen Edmund
Ball|Treasurer||By a properly convened
meeting of the charity
trustees.| ||Peter Richards|Secretary||By a properly convened
meeting of the charity
trustees.| ||Cathryn
Elizabeth Lloyd
Richards|Trustee||By a properly convened
meeting of the charity
trustees.| ||Sandra Jane
Morgan|Trustee||By a properly convened
meeting of the charity
trustees.| ||Reginald John
Atherton|Trustee|1.2.21-6.10.21|By a properly convened
meeting of the charity
trustees.| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| Corporate trustees – names of the directors at the date the report was approved **Director name N/A** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year N/A** ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements N/A for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** Peter Lloyd Richards **Position (eg Secretary,** Secretary **Chair, etc) Date** 20.10. 2022 (HARIIY COMMIS510 F(* ÉKLANO ANO WAtE Recelpts and ments accounts CC16a For the P£*riod liom Section A Receipts and payments Uniesiiici lunds RL&sisiLied funds Endo*mei funds Toial funds Lasi J•4r A1 Roc•ipts 11.>25 41fj Sub totallGross iFKome for AR) 410 1*275 A2 Ass•i and in￿5*￿￿nI Sub total 410 13.275 A3 Pa5Then¢$ 132 196 C*hop 28 2.28T 3.OJ7 6.T¥T S.385 >.084 ¢p¥i: Sub total 2.10• 9.6>4 12.602 $42 A4 Asset and I￿￿51￿Je￿I urchases. (see iablel Sub total 2.7(t8 9.894 12.60? 542 N@t 01r￿ip￿(p&yrn￿ts) A5 Transfews bet¥een lund A6 Cash funds lasi year en Cash funth this yearend U98 9.891 12.182 12.733 1.714 584 11.925 2.031 13.639 9Q6 13.639 Section B Statement of assets and liabilities at the end of the period Vr•resrwi¢re d Sunds Re51f4¢1ed Endo¥ffler• t lund5 i 61 Cash fvnds r￿alL￿5￿ /& 584 2.osl R*siil¢i*d luThds Endo¥mèTh I fmds d (￿dS Dètails , a5SelS Detai15 '. B3 a5selS lajls B4 A55els wetaiv*d low ihe chawily's O¥n Use Detai15 .' B5 LSabllS1ies Prini oval 20_10.2 PLRKh4id6 St•ph¢nBall 20.10.22 IIBIV.,~- ACC.our4r*NtS 8USINE5S *DVLSÈR5 The Frfend5 of Neath Abbey Iron Company Financlal Statements For the Year Ended 31 December 2021 The Frlends of Neath Abbey Iron Company Index Year Ended 31 December 2021 Pa Annual Report Independent Ex8miners Report Financial Ststements The Friends of Neath Abbey Iron Company Annual Report Year Ended 31 December 2021 AOMINISTRAfwE DETAILS OFTHE CHARITY. ITS TRUSTEES AND ADVISERS CHARITI REGLSTIIATION No. 1178391 ADDRES5 Wemddu Uthaf Farm Wernddu Road Alltwen Pontaidawe Swanse SA8 3JA 8ANKERS Nats¥e5t Bank plc 35 Green Street Neath SAII ID8 INDEPENDENT EXAMINER Rlchard N Chapple Bsc (Econl FCCA WBV Llmited Chartered Accountants The Third Floor Langdon House Langdon Road SAI Swansea Waterfront swanse SAI 8QY The Frlends of Neath Abbey Iron Company Annual Report Year Ended 31 December 2021 The Friends of Neath Abbey Iron Company Is registered with the Charity Commissioner5 INO.. 11783911 and is a Charitable Incorporated Or8Ènlsation ICIOI 8overned by the foundatlon rrK)del constitution. STRUCTURE, GOVEftNANCE AND MANAGEMENT The Charlty is administered by the Offi￿rS of the charity and executive committee comprSsin8:" Trustees CHAIRMAN Mr V K james VICE CHAIRMAN Mr S Absalom SECRETARY Mr P Rlchar TREASURER MrSEBall TRUSTEE Miss C E Uoyd Rithards TrUSTEE Ms S J Morgan TRUSTEE Mr RJ Atherton- Resigned 0611012021 Trustees are appointed following election by members at general meetin85. They are encouraged to atten(l appropriate extemal trèinin8 events where these w¢ll facilitate the undertaking of thelr role. OBJECTS ANDACTivifiES The oblert of the Charfty Is to.. al Conserve the heritage site. bl Provide Safe publlc acce5S to all viskors. cl Explain the heritage of the slte through information boards, a website and blllngual guide. dl Encourage tourists tovisit the slte. el Provide a venue for a heritage/ educational centre to encourage the study of worfd suence. ACHIEVEMEiffs, PERFORMANCE AND FINANCIAL REVIEW The Charity had a less successful year, with General Fund recelpts of £41012020.. £1,350> and General Fund net payments of £12,2981,12020.' net receipts £8081. The Charity received no grnnt income during the year compared to £11.925 received in 2020 mainly from the Lottery Heritsge Fund. The Charity made £9.894 payments from the restricted fund this year. The Chèrlty alms to maintain its level of reserves in future years to enable it to effectively undertake the Charit￿$ objectives in accord8n¢e with the terms of the Deed of TrusL The Friends of Neoth Abbey Iron Company Annual Report Year Ended 31 December 2021 PU8LIC BENEFIT The Trustees are aware of their responsibilities in ensuring that the Charity dellvers identifiable benefits to the public in accord with ￿tablished objectives and pemiitted act¥vities. We have referred to the 8uidance contained in the Charity Commission's 8eneral guidance on public benefit when reviewing our aims and objertives and in plannin8 our future activltie5. In partlcular, theTrustees consider how planned actlvitles will contrlbute to the aims and objectives they have set. Signed For and on behalf of the Trusteès Mr P RTchards Secretary Oate.. The Frbends of Neath Abbey Iron Coryany Independent Examinerfs Report to Friends of Neath Abbey Iron Company Year Ended 31 December 2021 I report to the tharfjty trustees on my exafflirtation of the accounts of the tharity for the year ended 31 December 2021 which a￿ set out on page 5. Responsibilili¢s and baslsof report As the charity's trustees you are responsible for the preparatlon of the accounts in accordance wlth the requlrements of the Charities Act 20111'the ACYI. I report in respect ol my examination of the charitys accounts carried out under section 145 gf the Act and in carying Out my examination I have foll¢)wed all the applicable Dirertions given by the Charity Comm15sion under section 14515llbl of the lfidependent exarniner% statement I have completed my examination. I Confirm that no material matters have ¢ome to my attention In connertlon with ihe Èxamination 8ivin8 me cause to believe that In any material respert.. accounting records were not kept in respect of the charity as required by 5ertion 130 of the Act. or the accounts do not accord wSth those retords. I have no conceins anLI have come across no other rwbatters in Connection with the examination to which attentlon should be drawn Sn this report in order to enable a proper understanding of the accounts to bÈ reathed. RICHARD N CHAPPLE Bsc (Econl FCCA WBV LIMITED THE THIRD FLOOR LANGDON HOUSE LANGDON ROAD SAI SWANSEA WATERFRONT SWANSEA SAI 8QY Date.. The Friends of Neath Abbey Iron Company Flnancial Statements Year Ended 31 December 2021 RECEIPTS AND PAYMENTS ACCOUNT {GENEK4L PURPOSES FUNDI 2021 2021 Unrestrlrted 2020 Tot•1 Fund5 T¢xal Funds Funds Income Recelpts Grants Donatlons Fundralsin8 11,925 1,350 410 410 TOTAL RECEIPTS 410 410 13.275 Other Expenditure Insurance Other Repairs & Maintenance 133 288 2,287 2,708 133 3.385 9,084 12,602 132 196 214 542 3,097 6.797 9,894 A$5Èt Pwch&5es Purchase of functional assets TOTAL PAYMENTS 2,708 9,894 12,602 542 Net (Paymentsll Re￿Ipts for the year Transfer between funds 12,2981 19,8941 112,1921 12,733 Cash and Bank balances 31 December 2020 1,714 11.925 13,639 906 Cash and Bank Balances at 31 December 2011 15841 2,031 1,447 13,639 Statement of Assets and Uabiliiies 2021 Tvtal Funds 2020 Total Funds Current Assets Natwest current Accouht 1.447 13,639 Assets retslned for ¢harlty use (Functlonal Assots) The charity hold5 various items of gardening tools and ￿uipment.