2024-12-31-accounts - Somerset Industrial Archaeological Society

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Trustees’ Annual Report for the period

From 01/01/2024 Period start date To 31/12/2024 Period end date

Charity name: Somerset Industrial Archaeological Society

Charity registration number: 1185669

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance and inform the education of the public in all aspects of Industrial Archaeology in and around the county of Somerset.
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	Publication, thrice yearly, of a Bulletin with reports of IA (ISSN 0954-7029 lodged at the British Library), sent to members, adjoining local IA societies, the AIA, and available in the Somerset Heritage Centre. Fortnightly lectures in winter months, open to all, alternating face to face meetings with Zoom meetings. Field trips mainly in summer months. All activities are advertised locally and on the Society’s website (www.sias.me.uk).
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the public benefit guidance issued by the Charity Commission.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	Money may be gifted to societies or groups in and around the county whose interests reflect those of the Society. There may be a visit to view the work of the group, or a talk to members from them about their work.
Policy on social investment including program related investment	Para 1.38	Not applicable
		The Society is run entirely by volunteers.

Contribution made by Para 1.38 volunteers Other

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	Educating and informing the public about Industrial Archaeology is the primary purpose of the Society. The holding of lectures and field trips, open to all, fulfils that function. There are often visitors to the Society’s events. For preservation of heritage, the trustees keep a close watch on planning applications which may affect industrial heritage, and they submit responses to local authority planning departments. The Society is frequently asked for advice and information by members of the public and is happy to respond where possible. The Society is also consulted by various researchers and local authorities on matters of IA concern.

Additional information (optional) You may choose to include further statements where relevant 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

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Society made a profit of £1434.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held to fund contingencies.
Amount of reserves held	Para 1.22	£8045
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	SIAS knows of no immediate threats to its continuance.

Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:	Additional information (optional) You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising)	Para 1.47	Membership subscriptions are the main source of funds.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	A large fall in membership would affect the lecture series, but production of the Bulletin and field trips could continue for some years without further income. The ageing membership and lack of volunteers willing to become trustees is of some concern.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution, derived from Charity Commission template.
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	Trustees elected each year by members present at the Annual General Meeting. Officers are elected from amongst the trustees, also at the AGM. The trustees may co-opt further trustees.

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
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	Somerset Industrial Archaeological Society
Other name the charity uses	SIAS
Registered charity number	1185669
Charity’s principal address	Park Field Cottage, Langford Budville, Wellington, Somerset. TA21 0QU

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
MaryMiles	Chair
Geoff Fitton	Secretary
Barbara Cooper	Treasurer
Alan Cockett
Chris Cooper
Peter Daniel	President
Neil Ham
Bruce Induni		From 25thMarch 2024
Iain Miles
Geoff Roughton

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements 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) Position (eg Secretary, Chair, etc) Date

	Barbara Cooper	Chris Cooper

	Treasurer	Trustee

	09/06/25	09/06/25

Somerset Industrial Archaeological Society 1185669 Receipts and payments accounts

CC16a

For the period Period start date Period end date To from 1/1/2024 12/31/2024

Section A Receipts and payments
A1 Receipts Subscriptions 1,839 Donations 308 Publications 1,010 Gift Aid 759 Bank Interest 202 SWWERIAC 25 Miscellaneous 493 4,636 - - Sub total - Total receipts 4,636 A3 Payments Speakers 340 Venue(includingZoom cost) 386 Insurance and AIA subscription 206 Equipment and Maintenace - Postage 24 PrintingSupplies 1,782 SWWERIAC 100 Publicationspurchased 118 Miscellaneous 246 Sub total 3,202 Archive - - Sub total - Total payments 3,202 Net of receipts/(payments) 1,434 A5 Transfers between funds - A6 Cash funds last year end - Cash funds this year end 1,434 Unrestricted funds to the nearest £ *Sub total*(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds	to the nearest £ - - - - - - - Endowment funds	Total funds to the nearest £ 1,839 308 1,010 759 202 25 493 4,636 - - - 4,636 340 386 206 - 24 1,782 100 118 246 3,202 - - - 3,202 1,434 - - 1,434	Last year to the nearest £
				2,143
				1,863
				498
				330
				68
				-
				736
				-
		-	4,636	5,638

		- - -	-
			-	-
			-	-

		-	4,636	5,638

		- - - - - - - - - -	340	270
			386	324
			206	206
			-	-
			24	846
			1,782	1,332
			100	-
			118	-
			246	820
			3,202	3,798

		- - -	-	2,187
			-
			-	-

		-	3,202	3,798

	-	- - - -	1,434	1,840
	-		-	-
	-		-	-
	-		1,434	1,840

Section B Statement of assets and liabilities at the end of the period

Details Lloyds Bank and Paypal Savings Accounts Cash Details Details Details High- Viz vests Paper Printer Consumables Publications Stamps Container Details Signature #VALUE! #VALUE! *Total cash funds* (agree balances with receipts and payments account(s))	to nearest £ to nearest £ 942 - 8,048 - 60 - 9,050 - Agreement Error OK to nearest £ to nearest £ - - - - - - - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Print Name BARBARA COOPER CHRIS COOPER Unrestricted funds Restricted funds Unrestricted funds Restricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates Amount due (optional)	to nearest £ Endowment funds
		-
		-
		-
		-
		OK
		to nearest £ Endowment funds
		-
		-
		-
		-
		-
		-
		Current value (optional)
		-
		-
		-
		-
		-
		Current value (optional)
		12
		305
		527
		2,752
		155
		1,749
		-
		-
		-
		When due (optional)






		Date of approval
#VALUE!	BARBARA COOPER	6/9/2025
#VALUE!	CHRIS COOPER	6/9/2025