2022 Trustees Report for the Jewellery and Silver Society of Oxford (JASSO) CIO Charity Number 1184544
This was the first year since the start of the pandemic that we were able to keep the workshop open throughout the year. In the early part of the year, numbers attending were still slightly restricted because of Covid concerns, but these restrictions were totally relaxed in the latter part of the year. Also as the year progressed the remaining tutors returned and we were back to a full programme. Towards the end of the year one of the newer jewellery tutors stepped down because of other commitments, but the weekly session affected continued as an open workshop for more experienced members. Fortunately a new tutor, for enamelling, came forward to take over this session from January 2023.
We were able to run Master Classes throughout the year, here too numbers permitted to attend were slightly restricted in the early part of the year. During the year we ran one 1-day course and seven 2-day courses. Thus this important aspect of our programme, which widens the knowledge of members to higher levels in some of the more specialist skills, was essentially back to pre-pandemic levels.
In May we held the AGM. Two of the Trustees stood down, as required by the constitution, but then they were reappointed by election, together with one new Trustee.
In October we were finally able to hold our traditional “biennial” exhibition, after a gap of four years. The exhibition was again held in Woodstock and lasted just over three weeks. There were some 250 exhibits from 32 members, plus displays on techniques. We had well over 1000 visitors and 50 items were sold. Pleasingly, the commission from sold items covered our costs for the exhibition plus a small profit
Membership has increased a little throughout the year but is still slightly lower than pre-pandemic numbers. Turnover remains low and we are getting a small but steady stream of new members.
The increased activity meant that our income has also increased and we have started to recoup some of the losses from our reserves caused by the pandemic. Increases in electricity prices have had an impact and are a concern for the future, but fortunately electricity usage was only a small fraction of our annual spend. Overall the finances remain sound and we are optimistic for the coming year. Again we are grateful for the continuing support of our members.
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 2023
| 12 | months to | 12 | months to | |
|---|---|---|---|---|
| 01/01/23 | 01/01/22 | |||
| £ | £ | |||
| Income | ||||
| Subscriptions and Donations | 3,171 | 3,098 | ||
| Workshop Fees | 9,089 | 5,894 | ||
| Surplus from Courses | 2,160 | 848 | ||
| Gift Aid Received | 521 | - | ||
| Sale of Surplus Metals, Tools and Other Income | 28 | 104 | ||
| Bank Interest | 25 | 2 | ||
| Surplus from Exhibitions | 307 | 15,301 | - | |
| Less Expenses | ||||
| Workshop Rent | 9,875 | 8,314 | ||
| Electricity | 1,334 | 468 | ||
| Insurance | 1,005 | 954 | ||
| Workshop Expenses | 430 | 159 | ||
| Plant and Equipment | 231 | 48 | ||
| Miscellaneous Expenses | 485 | (13,360) | 511 | |
| Surplus (Deficit) for the Year | £ | 1,941 |
£ | (509) |
Jewellery and Silver Society of Oxford
Balance Sheet as at 1st Jan 2023
| Assets Balance at Bank - Current a/c 4,174 - Deposit a/c 26,841 Less Liabilities Prepaid Masterclasses 2,840 Unpaid Exhibition costs 72 Accrual for Expenses 100 Accrual for Electricity 600 Represented by: General Fund Balance at 1st Jan 2022 25,462 Surplus for the Period 1,941 |
01/01/23 31,015 (3,612) 27,403 £ 27,403 27,403 £ |
01/01/22 4,205 23,815 1,750 20 38 750 |
|---|---|---|
| 25,462 £ |
||
| 25,971 (509) |
||
| 25,462 £ |
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)