Finance Score: -7

Governance Score: 9

Support Score: 12

Multiple Deficits: -2
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +12

Overall GiG Score: 14

THE ARKWRIGHT SOCIETY LIMITED

The Arkwright Society is a registered charity concerned with the education and conservation of Industrial Heritage at the Cromford Mills site, and is part of the Derwent Valley Mill World Heritage Site.

Analysis by Giving is Great

Positives:

A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

On several occasions in recent years income has been less than spending
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	*	£1,502	£1,869	£-367	£582	£3,887	£1,542	9.9	46	78
31/03/22		£1,544	£1,635	£-91	£487	£4,218	£1,982	14.6	47	78
31/03/21		£1,929	£1,433	£497	£400	£4,313	£1,848	15.5	55	84
31/03/20		£1,354	£1,534	£-180	£573	£4,951	£183	1.4	58	84
31/03/19		£1,366	£1,467	£-102	£530	£5,131	£269	2.2	48	93
31/03/18		£1,545	£1,811	£-266	£607	£5,233	£309	2	32	0
31/03/17	*	£1,508	£1,657	£-149	£621	£5,499	£372	2.7	34	0
31/03/16		£2,645	£1,384	£1,261	£512	£5,651	£598	5.2	29	0
31/03/15	*	£2,301	£1,273	£1,028	£13	£4,401	£837	7.9	26	0
31/03/14		£2,822	£1,063	£1,758	£13	£3,317	£944	10.7	27	0
31/03/13		£878	£1,113	£-234	£11	£1,559	£1,019	11	26	0
31/03/12		£955	£1,141	£-187	£35	£1,659	£1,231	12.9	27	0
31/03/11	*	£849	£1,135	£-286	£20	£1,943	£1,675	17.7	26	0
31/03/10	*	£1,349	£999	£349	£26	£3,215	£2,913	35	16	0
31/03/09		£712	£750	£-38	£7	£2,866	£2,724	43.6	20	0
31/03/08		£842	£807	£35	£11	£1,807	£1,625	24.2	20	0
31/03/07	*	£694	£811	£-117	£8	£1,772	£1,617	23.9	20	0
31/03/06	*	£837	£1,028	£-191	£0	£0	£0	n/a	0	0
31/03/05	*	£974	£1,079	£-105	£0	£0	£0	n/a	0	0
31/03/04	*	£1,336	£1,414	£-78	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 74.2%
Fundraising Costs/Total Spending: 31.1%
Highest pay band: Less than £60,000
Liabilities/Assets: 28%
Liabilities/Income: 98%
Unrestricted Funds/Total Funds: 40%
Reserves/Spending: 9.9 months
Net Current Assets/Spending: -0 months
Quick Ratio: 0.7

Asset Split ?

Established: 39 years
(42 years as a company)

www.cromfordmills.org.uk

info@arkwrightsociety.org.uk

01629823256

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
Environment/Conservation/Heritage

GiG Classification

Museums, parks, historical sites

How it operates

Provides buildings/facilities/open space

Where it operates

Derbyshire,

Who it helps

Children/Young People
The General Public/Mankind

Who works here?

46 employees
78 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

DCMS	£1,055,740
National Lottery Heritage Fund	£371,380
Wolfson Foundation	£40,000
The Pilgrim Trust	£30,000

Specific Donations

Amount	When Months	To be used for
The Pilgrim Trust - Grant to The Arkwright Society Ltd
£30,000	04/10/2023	The First Mill (Building 18): an interim repair solution to prevent further deterioration and ensure the building is wind and watertight.
National Lottery Heritage Fund - Grant to The Arkwright Society Limited
£121,380	03/10/2023	Cromford Mills: innovation and sustainability for a brighter future
Wolfson Foundation - Grant to Arkwright Society
£40,000	08/06/2022	Restoration of the hydro turbine at Cromford Corn Mill
DCMS - Cromford Mill Building 18, Matlock
£26,940	01/04/2021	RPD to plan repairs to Asbestos roof section and missing floor
DCMS - CRF21: The Arkwright Society Ltd
£239,400	08/03/2021	Culture Recovery Fund for Heritage 2020-21
DCMS - CRF20: The Arkwright Society Ltd
£717,400	14/10/2020	Culture Recovery Fund for Heritage 2020-21
National Lottery Heritage Fund - Grant to The Arkwright Society
£250,000	12/06/2020	COVID19:The Arkwright Society
DCMS - ALB-Historic England-The Arkwright Society (Covid-19 Emergency Response)
£25,000	01/04/2020	The Arkwright Society (Covid-19 Emergency Response)
DCMS - ALB-Historic England-Cromford Mills Digital engagement (Covid-19 Emergency Response)
£47,000	01/04/2020	The project is about the short-term crisis created by the impact of COVID and the long-term visitor engagement at Cromford Mills. In the short term the Arkwright Society will create new digital ....more The project is about the short-term crisis created by the impact of COVID and the long-term visitor engagement at Cromford Mills. In the short term the Arkwright Society will create new digital resources and methods of public engagement, but these resources and the lessons learnt will be available for the long term, shaping the future of the visitor offer.
National Lottery Heritage Fund - Grant to The Arkwright Society
£183,200	19/04/2018	Cromford Mills – An Enterprising Future, Inspired by an Enterprising Past
National Lottery Heritage Fund - Grant to The Arkwright Society Ltd
£59,900	18/05/2017	Lumsdale Revived - a Volunteering Partnership
National Lottery Heritage Fund - Grant to The Arkwright Society Ltd
£78,500	19/03/2014	Explore Lumsdale

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (11)

Current Trustees appointed

Gender Split

Age Range of Trustees: 43-66

AMANDA RAWLINGS Appointed: 2021, Occupation: Hr Director

DR CATHERINE CLARE FEELY Appointed: 2021, Occupation: University Lecturer

HELEN BISHOP Appointed: 2021, Occupation: Business Owner

JOHN RIVERS CBE (Chair) Appointed: 2021

JONATHAN PHIPPS Appointed: 2023, Occupation: Architect

NEIL RIDDLE Appointed: 2021, Occupation: Forestor

PROFESSOR PAULA HOLT MBE Appointed: 2023

VICTORIA DAWSON Appointed: 2023, Occupation: Director

GEOFFREY DUNCAN LEWINS Appointed: 2016, Occupation: Retired

MICHAEL ATKINSON Appointed: 2013, Occupation: Civil Engineer

WENDY TRACEY Appointed: 2018, Occupation: Management Consultant

Legal constitution

Charitable company registered in England & Wales on 01/04/1985, number: 515526
Registered at Companies House on 20/04/1982, number: 01630237

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Volunteer management

Filing Record

20 returns made; AR23: 57 days late, AR17: 1 days late, AR15: 3 days late, AR11: 121 days late, AR10: 2 days late, AR07: 139 days late, AR06: 326 days late, AR05: 22 days late, AR04: 110 days late,

Main office

Sir Richard Arkwright's Mill
Cromford Mill
Mill Lane
Cromford
Derbyshire
DE4 3RQ

Objectives

THE OBJECTS WHICH THE SOCIETY IS ESTABLISHED ARE:- (A) TO ADVANCE PUBLIC EDUCATION IN HISTORY AND INDUSTRIAL ARCHAEOLOGY BY SECURING FOR THE BENEFIT OF THE PUBLIC THE PROTECTION, CONSERVATION, MAINTENANCE AND USE OF INDUSTRIAL BUILDINGS, PLANTS AND MONUMENTS OF HISTORICAL OR ARCHAEOLOGICAL IMPORTANCE AND BY PROVIDING FACILITIES FOR THE STUDY OF AND RESEARCH INTO HISTORY AND INDUSTRIAL ARCHAEOLOGY. (B) TO SECURE AND PROMOTE IN THE AFORESAID PARISHES (I) THE ADVANCEMENT OF PUBLIC EDUCATION AND INTEREST IN HISTORY AND INDUSTRIAL ARCHAEOLOGY, (II) THE HIGH STANDARDS OF PLANNING AND ARCHITECTURE, (III) THE PRESERVATION, PROTECTION, DEVELOPMENT AND IMPROVEMENT OF FEATURES OF HISTORY AND ARCHAEOLOGICAL INTEREST.

Defined Area of Benefit:

PAR CROMFORD MATLOCK MATLOCK BATH TANSLEY BONSALL DARLEY DALE

Data Sources