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2021-12-31-accounts

Names and addresses ofadvisers (Optional Names and addresses ofadvisers (Optional Names and addresses ofadvisers (Optional information) information)
T e ofadviser
Name
Address
Name ofchief executive or names ofsenior staff members (Optional information)
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e
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Description
ofthe charity's trusts
Type of governing
document
CIO Association constitution
How the charity is constituted CIO
Trustee selection methods Elected by members
Additional
governance
issues
(Optional information)
You may choose to include
additional
information,
where
relevant,
about:
Chosen not to include
~ policies and procedures
adopted forthe induction
and
training
oftrustees;
~ the charity*s organisational
structure
and any wider
network
with which the charity
works;
~ relationship
with any related
parties;
~ trustees'
consideration
of
major risks and the system
and procedures to manage
them.
~ ~ ~
~
0
Summary
ofthe main
achievements
ofthe charity
during the year
2021 was a year ofmixed fortunes. The workshop
adhered
to the
lockdown
rules and as a consequence,
many members'
sessions were
unavailable
during the periods when the premises were closed. However,
several members
were able to work from home and continued
to produce
saleable items to raise funds.
The AGM could not be held
in person. Sothat ali members
had the same
opportunity
to make their wishes known, we did not use social'media
but
required
motions to be voted on by post or by email. ,
Further disruption
occurred when, at the end ofthe one year lease we
had the option to downsize
from the two floors we were occupying
and
relocate
to one floor only, making
much needed savings
in our
outgoings. .We also streamlined
our assets by selling surplus
equipment.
We took the decision to take part in the famous Frome Festival
in July
2021.Members ofthe public came in large numbers,
footfall 500+,to the
sale and exhibition
venue. As well as raising much needed revenue we
recruited
more members to our group. There was benefit to us and
certainly
benefit tothe wider public. Another very successful sale pre
Christmas
again raised our profile locally.
When the lockdown
rules were eased we were able to continue
with the
provision
ofcourses in spinning
and weaving
in addition to the normal
activities for members
within the group.
Itwas not felt to be appropriate,
given the prevalence
ofthe COVID virus,
to engage with school children
this year.
Although
not as active as we would have wished, we feel that, overall, we
have fulfilled our brief and achieved our objectives
in 2021.
Our finances were overstretched
last year, 2020, because income was
Briefstatement ofthe lost when some members
resigned
and weekly income from attendance
charity's policy on reserves fees was reduced as members
kept to lockdown
requirements
and did
not attend the workshop. .At this time, rental costs for two floors ofthe
building
were prohibitively
expensive. The surplus
built up over previous
years had to be used then as a buffer to tide us over the lean times.
Prudently,
we downsized
in 2021 to one floor only, with a reduction
in
rent and on-costs. .But the 2020 experience has reinforced the belief that
having a healthy
bank balance with a large reserve is a sensible policy.
Membership
numbers
fluctuate and sothe income from subscriptions
cannot reliably be predicted. We have little control over outgoings:
electricity and water will no doubt become more expensive. We may find
that we will need to look for new premises
in the near future at a possibly
hi her cost..The reserve
built u
can then be used,
ifneeded.
Details ofany funds materially
in deficit
Further financial review details (Optional
information)
All trustees take very seriously the requirement
to demonstrate
"public
benefit" and have been directed to read the relevant sections ofthe
Charity Commission
guidance
documents.
Our charity aims to fulfil these obligations
by
Summary ofthe main
activities undertaken
forthe
public benefit in relation to
these objects (include within
this section the statutory
declaration
that trustees have
had regard tothe guidance
issued by the Charity
Commission
on public
benefit)
1) Holding courses for small groups to provide instruction
in the
basic techniques
ofweaving,
with further courses available for
more experienced
weavers.
2) One to one tuition
in weaving.
3)
One to one tuition
in spinning.
4) Sales ofthe work ofthe members,
with several ofthe makers on
hand to educate the many members
ofthe public who attend.
5) The above sales include on the premises,
exhibition
pieces, not
for sale, again with education
in mind,
using explanatory
posters
and with members
in attendance.