2023-03-31-accounts - Somerset Earth Science Centre

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					Page
Trustees' annual report (incorporating the			director's	report)
Independent auditor's	report to	the members
Statement offinancial	activities	(including	income and
expenditure account)					10
Statement offinancial	position
Statement ofcash flows					12
Notes to the financial	statements				13
The following pages	do not form part ofthe financial statements
Detailed statement of	financial activities				24

Registered	charity name	charity name	charity name	Somerset Earth Science Centre	Somerset Earth Science Centre
Charity registration		number		1122738
Company	registration		number	05717320
Principal office and office		registered		Moons Hill Quarry Mendip Road
				Stoke St. Michael
				Radstock
				Somerset
				BA3 5JU
The trustees/directors				P B Barkwill
				H Siggs
				A BYeoman
Company	secretary			P B Barkwill
Auditor				Chalmers &Co (SW)	Limited
				Chartered Accountants	&Statutory	Auditors
				Trading as Chalmers	&Co.
				6The Linen Yard
				South Street
				Crewkerne
				Somerset
				TA18 8AB
Bankers				National Westminster	Bank pic
				25 High Street
				Shepton Mallet
				Somerset BA4 SAF
Solicitors				Mowbray Woodwards
				3Queen Square
				Bath
				Somerset
				BA1 2HG

31 March 2023
				2023	2022
			Note		5
Fixed assets
Tangible fixed assets			12	431,884 r	445,899
Current assets
Debtors			13	22,125
Cash at bank and in Creditors: amounts Net current assets	hand falling	due within one year	14	70,116 92,241t 29,908l 62,333l	108,984 108,984 49,572 59,412
Total assets less current Net assets		liabilities		494,217 494,217i	505,311 505,311
Funds ofthe charity
Unrestricted funds				17,125	38,304
Restricted funds				133,995	114,325
Designated Building	funds			343,097	352,682
Total charity funds			15	494,217/	505,311

Year ended 3	1 March	2023
				2023 f	2022 6
Cash flows from operating		activities
Net income/(expenditure)				(11,094)	(27,970)
Adjustments for:
Depreciation oftangible fixed assets				15,000	14,967
Interest payable	and similar	charges		31	10
Changesin:
Trade and other	debtors			(22,125)	22,125
Trade and other	creditors			(19,664)	39,064
Cash generated	from operations			(41,789)	61,189
Interest paid				(31)	(10)
Net cash from operating activities				(41,820)	61,179
Cash flows from	investing	activities
Purchase oftangible assets				(985)	(8,142)
Net cash used in	investing activities			(985)	(8,142)
Net increase in	cash and cash equivalents			(38,868)	40,044
Cash and cash	equivalents	at beginning	ofyear	108,984	68,940
Cash and cash	equivalents	at end ofyear		70,116	108,984

Expenditure on charitable	activities
		Unrestricted	Restricted	Designated		Total Funds
		Funds	Funds	building	fund	2023
		F	E		6	6
Staff costs		10,972	76,000			86,972
Staff training Miscellaneous Light and heat Repairs and renewals Insurance Cleaning Motor expenses Travel and subsistence		1,127 3,954 7,994 7,186 664 1,920 56				1,127 3,954 7,994 7,186 664 1,920 56
Stationery, books, printing Telephone IT	&postage	1,532 430 1,194				1,532 430 1,194
Security Depreciation Mendip rocks		5,415	1,214		9,585	15,000 1,214
		42,264	77,214		9,585	129,063
		Unrestricted	Restricted	Designated		Total Funds
		Funds	Funds	building	fund	2022
			E		6	E
Staff costs Staff training Miscellaneous		210 286	64,546			64,546 210 286
Light and heat Repairs and renewals Insurance Cleaning Motor expenses Travel and subsistence Stationery, books, printing Telephone IT Security	&postage	2,842 22,375 5,790 253 313 45 804 354 1,617 900				2,842 22,375 5,790 253 313 45 804 354 1,617 900
Forest School Depreciation		5,382			9,585	14,967
Mendip rocks
		41,171	64,546		9,585	115,302

7.	Governance	cos	ts
						Unrestricted Restricted		Designated		Total Funds
						Funds	Funds	building	fund		2023
						E					F
	Auditor fees					3,189					3,189
	Professional fees					3,403					3,403
	Bank charges					31					31
						6,623					6,623
						Unrestricted Restricted		Designated		Total	Funds
						Funds	Funds f	building	fund		2022
	Auditor fees					2,493					2,493
	Professional	fees
	Bank charges					10					10
						2,503					2,503
						43,674	64,546		9,585	117,805
8.	Net income/(expenditure)
	Net income/(expenditure)			is stated	after	charging/(crediting):
									2023		2022
									6		6
	Depreciation	oftangible		fixed assets				15,000		14,967
9.	Auditor's remuneration
									2023		2022
									6
	Fees payable	for	the audit ofthe financial statements						3,189		2,493
10.	Staff costs
	The total staff	costs and		employee	benefits for the reporting		period are analysed as			follows:
									2023		2022
									6		E
	Wages and salaries							78,654		58,494
	Social security costs								6,066		4,512
	Employer pension		contributions						2,071		1,540
								86,791		64,546

12.	Tangible fixed asset	s
			Freehold	Plant and
			property	machinery	Total
				8	F
	Cost
	At 1 April 2022		597,871	92,866	690,737
	Additions			985	985
	At 31 March 2023		597,871	93,851	691,722 /
	Depreciation
	At 1 April 2022		157,400	87,438	244,838
	Charge for the year		11,957	3,043	15,000
	At 31 March 2023		169,357	90,481	259,838
	Carrying amount
	At 31 March 2023		428,514	3,370	431,884
	At 31 March 2022		440,471	5,428	445,899
13.	Debtors
				2023	2022
					5
	Prepayments and accrued income			22,125y
14.	Creditors: amounts	falling due within one year
				2023	2022
				6	5
	Accruals and deferred	income		2,448	24,525
	Other creditors			27,460	25,047
				29,908/'	49,572

as unrestricted. The	balance	on restricted funds at the y	ear end are as follows:
			2023	2022
				6
Mendip Rocks project			10,190	7,520
Minibus replacement			112,500	100,000
Media Equipment			2,769	2,769
Graduate Placement	scheme		2,000	2,000
School Transport & Outreach		resources	1,000	1,000
Ikea display cabinets			136	136
Mendip Hills			900	900
Somerset Community			2,000
Museum Display			2,000
Matrix Info Board			500
			133,995	114,325

				2023	2022
				F	F
	Income and endowments
	Donations and legacies
	Donations			120,844	88,750
	Grants			2,000	900
				122,844	89,650
	Other trading activities Function income			1,797	185
	Other income
	Energy income
	Government Covid	Grants
	Tots I income			124,591	89,835
	Expenditure
	Expenditure on charitabl		e activities
	Wages and salaries Staff training			86,791	64,546 210
-	Miscellaneous			1,127	286
	Light and heat Repairs and maintenance			3,954 7,994	2,842 22,375
	Insurance			7,186	5,790
	Cleaning Motor vehicle expenses			664 1,920	253 313
	Other motor/travel	costs		56	45
	Stationery, books,	pnnting	& postage	1,532	804
	Telephone IT			430 1,194	354 1,617
	Security				900
	Depreciation			15,000	14,967
	Mendip Rocks			1,214
	Auditor's fees			3,189	2,493
	Professional fees			3,403
	Bank charges			31	10
	Total expenditure			135,685	117,805
	Net (expenditure)			(11,094)	(27,970)