THE FROME MUSEUM
ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2022
Company Information
| President |
HM Daniel |
|---|---|
| Trustees | RA Cuzner (Chair) |
| BP Edwards (Co Vice Chair) | |
| Dr RG Heath (Co Vice Chair) | |
| HM Daniel | |
| Ms SM Gore | |
| DP Lassman | |
| BJ Marshall | |
| S Macarthur | |
| Company Secretary | BJ Marshall |
| Operations Committee | Trustees are all_ex officio_Members |
| M Davis | |
| JG Hedges | |
| M Pattinson | |
| J Ryman | |
| C Wisbey | |
| Ms S Morris (FSLS Representative) | |
| Registered Office | 1 North Parade |
| Frome | |
| Somerset | |
| BA11 1AT | |
| Independent Examiner | AA Liggatt FCA |
| 16 Sunny Hill | |
| Nunney | |
| Frome | |
| Somerset | |
| BA11 5ND | |
| Company No | 2377177 |
| Registered Charity No | 1091103 |
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THE FROME MUSEUM
Contents
| Page | |
|---|---|
| Independent Examiner’s Report | 3 |
| Trustees’ Report | 4 - 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes to the Financial Statements | 8 – 9 |
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THE FROME MUSEUM
Independent Examiner’s Report to the Trustees of The Frome Museum
I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on pages 4 – 9.
Respective Responsibilities of Trustees and Examiner
The charity’s Trustees are responsible for the preparation of the accounts. The charity’s Trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43(3)(a) of the 1993 Act)
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to follow the procedures laid down the General Direction given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
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to state whether particular matters have come to my attention.
Basis of the Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respects the requirements:
-
to keep accounting records in accordance with Section 41of the Act; and
-
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act,
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………. AA Liggatt FCA Frome, Somerset
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THE FROME MUSEUM
Annual Report of the Trustees 2022 Charity reference 1091103
Legal Status
The Frome Museum is a Company Limited by Guarantee Company number 2377177.
Governance
Trustees must number no fewer than five. As at 31 December 2022 the composition of the Trustees was as follows:
RA Cuzner (Chair) BP Edwards (Co Vice Chair) Dr RG Heath (Co Vice Chair) HM Daniel Ms SM Gore DP Lassman BJ Marshall S Macarthur
The Trustees are responsible for providing a clear strategy on all matters relating to the Museum, including financial matters, and that they comply with all necessary rules and legal obligations. The Museum has no paid staff and is run and managed entirely by volunteers. Trustees are recruited through their interest shown in the Museum and their willingness to accept the responsibilities of a Trustee. Appointments are made based on candidates’ knowledge of and interest in the heritage sector; professional skills and experience; and demonstrable interest in local history.
Reserves
Total assets of £215,113 are held in four separate funds.
| Unrestricted fund | £134,929 |
|---|---|
| Repairing Building Fund | £ 45,000 |
| Designated fund for replacing windows which includes FHBT Donation | £ 20,184 |
| Rebranding Fund | £ 15,000 |
Objectives of the Charity
These are:
a: to collect, store and conserve artefacts and documents of historic, cultural and
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artistic importance on behalf of the people of Frome and District
b: to enable the general public to have access to the collection for investigation and study;
c: to provide a place where exhibitions can be mounted to inform, and for the enjoyment of, the general public;
d: to foster an interest in history, especially in the young, and to promote an understanding of the relevance of the past to the society in which we live.
e: to provide a library service and information on Frome and District
Main Activities and Achievements of the Charity during the Year
These will be reviewed for its Annual Report on 2022 which will be made available to volunteers and all those who have supported and contributed to the work of the museum over the year.
In summary, the Museum emerged in 2022 out of the challenges of the pandemic with strong and active support from its volunteers who were enthusiastic to resume the exhibitions, displays, visitor support, cataloguing and research. New trustees joined the Museum and between them led the delivery of an imaginative new exhibitions programme and a clear working strategy for brand development, visitor promotion, building improvements and significant additions to its collections.
As we look back at 2022, we can see the rollout of lighting enhancements for the galleries, the start of windows replacement, the launch of a bold and innovative new website, a publicly accessible internet enabled catalogue of the Museum’s artefacts, archives and collections.
A key project to restore and scan images of Singer’s castings and workshops is now reaching its conclusion and is attracting national publicity. The positive outcomes toward the end of 2022 included the planning of joint cataloguing ventures with the Church of St John the Baptist, the Frome Non-Conformist Churches, The Blue House and several local community organisations.
Donations - Total donations were £3,522 (2021 £2,407). The sale of FSLS books and second-hand books raised a further £3,402 (2021 £1,473)
Acknowledgements The Trustees sincerely thank the volunteers and other friends of the Museum for their support.
On behalf of the Trustees
R A Cuzner – Chair, Board of Trustees Dated: 13[th] March 2023
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THE FROME MUSEUM
Statement of Financial Activities for the year ended 31 December 2022
| 2022 £ Incoming Resources Rents 20,564 Grant - Mendip District Council 5,500 Donations 3,522 Gift Aid 689 Sales 3,402 Bank/Building Society Interest 781 Frome Historic Buildings Trust Resources Expended Business Rates 484 Telephone and internet 3,733 Purchases for re-sale 3,109 Water rates 168 Heating and lighting 3,333 Insurance 2,304 Printing, postage and stationery 801 Subscriptions and fees 172 Company registration fee 13 Maintenance and repairs 11,454 Equipment (other than IT) 1,315 Professional fees other than C & T 980 Cooper and Tanner Fees 2,810 Depreciation 3,874 Singer’s Glass Slides Restoration - Cleaning 430 New Website - Restoration of Painting/Books 1,175 Hospitality 472 Sundry 864 Exhibition costs 1,350 Travel costs 1,234 IT Support Services 3,532 Net Outgoing Resources for the year |
34,458 - 34,458 43,607 -9,149 |
2021 £ 21,409 1,000 36,500 2,407 498 1,473 699 170 2,925 685 138 2,626 2,092 395 167 13 5,652 251 1,895 3,086 2,247 2,647 310 6,998 1,400 1,017 196 246 - 4,195 |
63,986 11,184 75,170 39,351 35,819 |
|---|---|---|---|
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THE FROME MUSEUM
Balance Sheet as at 31 December 2022
| Notes Fixed Assets Tangible assets 5 Current Assets Stock Debtors Cash at bank and in hand Creditors:Amounts falling due within one year 6 Capital and reserves Unrestricted fund 8 Windows Fund Rebranding Fund Repairing Building Fund Totals |
2022 £ 134,581 3,721 2,828 84,921 91,470 (10,938) 80,532 215,113 134,929 20,184 15,000 45,000 215,113 |
2021 £ 128,194 5,294 679 102,059 108,032 (11,964) 96,068 224,262 193,078 11,184 - 20,000 224,262 |
|---|---|---|
Exemption from Audit
For the year ended 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006.
No notice has been deposited under section 476 B (2) requesting an audit of the accounts for the year ended 31 December 2022.
The Company Directors/Trustees acknowledge their responsibility for:
(1) ensuring the company keeps accounting records which comply with section 386; and (2) preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of its financial year, and of its profit and loss for the financial year in accordance with section 393 and 394, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as is applicable to the company.
Approved by the trustees on 13th March 2023 and signed on their behalf by:
R A Cuzner - Chairman of the Trustees
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THE FROME MUSEUM
Notes to the Financial Statements for the year ended 31 December 2022
1. Accounting Policies
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(a) The financial statements have been prepared under the historical cost convention, the Companies Act 2006 and follow the recommendations in the Revised Statement of Recommended Practice ‘Accounting and Reporting by Charities’ issued in March 2005
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(b) Stock consists of only items saleable in the museum shop and has been estimated. Goods donated for re-sale are not included in these accounts until sold.
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(c) Depreciation has not been applied to freehold buildings which are stated at cost. Depreciation on equipment has been applied on a cash basis at 20% per annum and on original artwork at 4% per annum.
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(d) Exhibits, artefacts and the like have been acquired through donation and not by purchase. No value for these items is included in these accounts.
2. Trustees’ expenses
Trustees’ expenses were £630 (2021: nil)
3. Staff Costs
Staff Costs were nil (2021: nil)
4. Independent Examiner’s Report
The cost of the Independent Examiner’s Report was £400 (2021: £400)
5. Tangible Fixed Assets
| Freehold Property | Equipment | Total | |
|---|---|---|---|
| £ | £ | £ | |
| Cost | |||
| At 1 January 2021 | 117,407 | 44,004 | 161,411 |
| Additions | 0 | 10,261 | 10,261 |
| 117,407 | 54,265 | 171,672 | |
| Depreciation | |||
| At 1 January 2020 | - | 33,217 | 33,217 |
| Charge for year | -. | 3,874 | 3,874 |
| -. | 37,091 | 37,091 | |
| Net book value | |||
| At 31 December 2022 | 117,407 | 17,174 | 134,581 |
| At 31 December 2021 | 111,407 | 10,787 | 128,194 |
The freehold property was valued in 2004 at £450,000.
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THE FROME MUSEUM
Notes to the Financial Statements for the year ended 31 December 2022
- Creditors: Amounts falling due within one year
| 2022 | 2021 | |
|---|---|---|
| £ | £ | |
| Payments in advance | 1,913 | - |
| Sundry creditors | 9,025 | 11,964 |
| 10,938 | 11,964 |
7. Capital and Reserves
The Company is limited by guarantee and therefore has no share capital
8. Unrestricted Fund
| Balance as at 1st January 2022 Net Outgoing Resources Transfers to Repairing and Window Funds Transfer to Rebrading Fund Balance as at 31st December 2022 |
193,078 9,149 34,000 15,000 134,929 |
|---|---|
9. The Frome Museum – Artefacts Trust Registered Charity No 309956
The Artefacts Trust exists to own the various artefacts available to The Frome Museum. The artefacts have been donated or bequeathed to the museum over a number of years and have no definable cost. Consequently, the Artefacts Trust has no valued assets, has no liabilities and accordingly does not prepare accounts. It does, however, maintain a record of the artefacts held in its charge.
All of the Frome Museum Trustees are also Trustees of the Artefacts Trust
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