2021 Trustees Report for the Jewellery and Silver Society of Oxford (JASSO) CIO Charity Number 1184544
We started the year with the workshop closed, as the country was again in lockdown. It was only in mid-March that we were able to re-open the workshop. When we did open it was once again with limited numbers (maximum of 6 members present) and only for a limited set of sessions, as not all tutors were able to attend. As Covid restrictions eased we were able to increase numbers per session and also more tutors were able to attend. In addition two new tutors started in the autumn, filling empty slots caused by two previous tutors stepping down.
In June we were able to resume Master Classes and by the end of the year we had run three 1-day courses and one 2-day course, albeit with reduced numbers attending. Whilst much reduced compared to pre-pandemic it was good to resume this significant element of our efforts to widen the knowledge of members to higher levels of some of the more specialist skills.
In July we finally held the first AGM since we had transferred to the new CIO Charity. At the AGM all of the existing Trustees stood down, as required by the constitution, but were all reappointed by election. However, with the limited activity we judged that the “biennial” exhibition in Woodstock was again not viable.
As in the previous year the lower activity reduced our income, but as the usage of the workshop increased through the year our income steadily increased. By the end of the year monthly income had almost reaching pre-pandemic levels. On the expenditure side our landlord kindly agreed for us to continue paying reduced rent for the first seven months. Again our members remained very supportive, with the vast majority paying their annual subscriptions. The net result was a further small depletion of our financial reserves, but overall the finances remain sound and we are optimistic for the coming year.
Membership has decreased slightly during the pandemic, mainly from people moving out of the area. But we also note that at the end of the period, in addition to some old members returning, we have a small but steady number of new members joining
Jewellery and Silver Society of Oxford
Registered Charity No. 1184544 (Until 31/12/19 operated as Charity No. 272365)
Receipts and Payments Account 12 months to 1st Jan 2022
| 12 | 12 | months to | 12 | months to | ||
|---|---|---|---|---|---|---|
| 01/01/22 | 01/01/21 | |||||
| £ | £ | |||||
| Income | ||||||
| Subscriptions and Donations | 3,098 | 3,216 | ||||
| Workshop Fees | 5,894 | 4,589 | ||||
| Surplus from Courses | 848 | 367 | ||||
| Gift Aid Received | - | - | ||||
| Other Income | 104 | 93 | ||||
| Bank Interest | 2 | 9,947 | 22 | |||
| Less Expenses | ||||||
| Workshop Rent | 8,314 | 9,652 | ||||
| Electricity | 468 | 949 | ||||
| Insurance | 955 | 989 | ||||
| Workshop Expenses | 159 | 230 | ||||
| Plant and Equipment | 48 | 462 | ||||
| Miscellaneous Expenses | 511 | (10,456) | 408 | |||
| Deficit for the Year | £ | (509) |
£ | (4,403) |
Jewellery and Silver Society of Oxford
Balance Sheet as at 1st Jan 2022
| Assets Balance at Bank - Current a/c 4,205 - Deposit a/c 23,815 Less Liabilities Prepaid Masterclasses 1,750 Prepaid Subscriptions 20 Accrual for Expenses 38 Accrual for Electricity 750 Represented by: General Fund Balance at 1st Jan 2021 25,971 Deficit for the Period (509) |
01/01/22 28,020 (2,558) 25,462 £ 25,462 25,462 £ |
01/01/21 1,658 25,813 1,000 - - 500 |
|---|---|---|
| 25,971 £ |
||
| 30,373 (4,403) |
||
| 25,971 £ |
The above Accounts have been prepared from the records held, and information given by the Treasurer and are certified to be in accordance therewith.
Treasurer Fred Wickens
Reviewing Accountant Alan French FCCA (retired)