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.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £12,350 for the year, but holds negative free reserves of £705,280 due to unrestricted funds being invested in fixed assets and net current liabilities. The auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern, citing the negative free reserves and reliance on securing future grant and donation income.
What the accounts disclose
“In the band £60,001 - £70,000 1” — page 41
“the free reserves of the charity, being those reserves available to the Trustees for future commitment can be seen to be negative. Net current liabilities are £235,533 represented by unrestricted funds of £705,280”
“During 2013 the Duke of Devonshire, the President of the charity, made a loan to the charity of £35,000, £10,000 remained payable as at 31 March 2025 and 2024. The loan is interest free.” — page 57
“During the year H Bishop, a Trustee, used the charity's shop to sell some goods to the value of £nil (2024: £30)... The income was received by the charity and then passed on to the Trustee.” — page 57
“During 2013 the Duke of Devonshire, the President of the charity, made a loan to the charity of £35,000, £10,000 remained payable as at 31 March 2025 and 2024. The loan is interest free.” — page 57
“During the year H Bishop, a Trustee, used the charity's shop to sell some goods to the value of £nil (2024: £30)... The income was received by the charity and then passed on to the Trustee.” — page 57
“During 2013 the Duke of Devonshire, the President of the charity, made a loan to the charity of £35,000, £10,000 remained payable as at 31 March 2025 and 2024. The loan is interest free.” — page 57
“During the year H Bishop, a Trustee, used the charity's shop to sell some goods to the value of £nil (2024: £30)... The income was received by the charity and then passed on to the Trustee.” — page 57
“The investment comprises 100% of the share capital of Cromford Mill Limited, the charity's trading subsidiary.” — page 46
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- John Rivers CBEchair
- Andrew Cochrane
- Christopher Birds
- Deborah Jardine
- Dr Catherine Clare Feely
- Lee Outhwaite
- NEIL RIDDLE
- Paul Stuart
- Professor Paula Holt MBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.5m | £2.5m |
| 31/03/2024 | £2.1m | £1.9m |
| 31/03/2023 | £1.5m | £1.9m |
| 31/03/2022 | £1.5m | £1.6m |
| 31/03/2021 | £1.9m | £1.4m |
Common questions
Is THE ARKWRIGHT SOCIETY LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £12,350 for the year, but holds negative free reserves of £705,280 due to unrestricted funds being invested in fixed assets and net current liabilities. The auditor has identified a material uncertainty regarding the charity's ability to continue as a going concern, citing the negative free reserves and reliance on securing future grant and donation income. Its FY2025 accounts were audited by BHP LLP.
What does the highest-paid employee of THE ARKWRIGHT SOCIETY LIMITED earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band.
Who funds THE ARKWRIGHT SOCIETY LIMITED?
Funders whose own accounts filings name THE ARKWRIGHT SOCIETY LIMITED as a grant recipient include THE HEADLEY TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE HEADLEY TRUST | FY2025 | £65k | Towards improving poor rainwater disposal, drainage and urgent works to the Grade I listed Cromford Mills complex. |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 26/06/2025 | £1.4m | "Cromford Mills - Celebrating Heritage, creating a sustainable future" |
| The National Lottery Heritage Fund | 25/09/2023 | £250k | "Cromford Mills: innovation and sustainability for a brighter future" |
| UK government | 01/04/2023 | £2k | Cromford Mill Building 18, Matlock |
| The National Lottery Heritage Fund | 20/12/2022 | £250k | "Cromford Mills - sustaining the spirit of revolution" |
| The National Lottery Heritage Fund | 08/06/2020 | £250k | "COVID19:The Arkwright Society" |
| The National Lottery Heritage Fund | 19/04/2018 | £183k | "Cromford Mills – An Enterprising Future, Inspired by an Enterprising Past" |
| The National Lottery Heritage Fund | 18/05/2017 | £60k | "Lumsdale Revived - a Volunteering Partnership" |
| The National Lottery Heritage Fund | 19/03/2014 | £79k | "Explore Lumsdale" |
| The National Lottery Heritage Fund | 17/09/2009 | £4.2m | "The Cromford Mills Creative Cluster and World Heritage Site Gateway Project" |
| The National Lottery Heritage Fund | 06/06/2007 | £48k | "Stone by Stone" |
| The National Lottery Heritage Fund | 23/12/2005 | £25k | "The Young Roots Wall" |
| The National Lottery Heritage Fund | 28/03/2001 | £1.8m | "Cromford Heritage Project" |
| The National Lottery Heritage Fund | 04/08/1998 | £57k | "Slinter Cottage, Bonsall - Restoration" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE HISCOX FOUNDATION | 1 | £66k |
| EAST END COMMUNITY FOUNDATION | 1 | £46k |
| THE MERCHANT VENTURERS CHARITY | 1 | £42k |
| LIONTRUST FOUNDATION | 1 | £25k |
| SPORTS PARTNERSHIP HEREFORDSHIRE AND WORCESTERSHIRE | 1 | £7k |
Charities like this
- CROMFORD STEAM RALLY SOCIETY
- The Society of Merchant Venturers Youth Endowment Fund
- BROOKLANDS MUSEUM TRUST LIMITED
- Worcestershire Cricket Foundation
- SOCIAL ARK
- LANCASHIRE MINING MUSEUM CHARITABLE INCORPORATED ORGANISATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ARKWRIGHT SOCIETY LIMITED | £2.5m | £60,001 - £70,000 | — | below | — | no doubt |
| CROMFORD STEAM RALLY SOCIETY | £176k | — | 0 | unclear | — | no doubt |
| The Society of Merchant Venturers Youth Endowment Fund | £131k | — | 0 | unclear | — | no doubt |
| BROOKLANDS MUSEUM TRUST LIMITED | £5.7m | — | — | unclear | — | no doubt |
| Worcestershire Cricket Foundation | £821k | — | 0 | unclear | — | no doubt |
| SOCIAL ARK | £284k | — | 0 | unclear | — | no doubt |