##
##
##
##
##
||||||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|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2023|2023||2022|
|---|---|---|---|---|---|---|---|
||||||Designated|||
||||Unrestricted|Restricted|Building|||
||||funds|funds|funds|Total funds|Total funds|
|||Note|6|6|6|6|F|
|Income and endowments||||||||
|Donations||4|25,961|94,884||120,845|88,750|
|Grants||||2,000||2,000|900|
|Function
income||5|1,747|||1,747|185|
|Total income|||27,708|96,884||124,592|89,835|
|Expenditure||||||||
|Expenditure
on||||||||
|charitable
activities|||42,264|77,214|9,585|129,063|115,302|
|Governance
ofcharity|||6,623|||6,623|2,503|
|Total expenditure|||48,887|77,214|9,585|135,686|117,805|
|Net income/(expenditure)||||||||
|and net movement||in funds|(21,179)|19,670|(9,585)|(11,094)|(27,970)|
|Transfer between|funds|||||||
|Reconciliation
of|funds|||||||
|Total funds brought||forward|38,304|114,325|352,682|505,311|533,281|
|Total funds carried forward|||17,125|133,995|343,097|494,217|505,311|
##
##
##
##
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Donations
and grants|||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||F||5|
|Donations||25,961|94,884|120,845|
|Grants|||2,000|2,000|
|||25,961|96,884|122,845|
|||Unrestricted|Restricted|Total Funds|
|||Funds
f|Funds
5|2022
6|
|Donations||11,889|77,046|88,935|
|Grants|||900|900|
|||11,889|77,946|89,835|
|Other income|||||
|||Unrestricted|Restricted|Total Funds|
|||Funds
E|Funds
5|2023
f|
|Use of Centre &function|income|1,747||1,747|
|Energy Income|||||
|||1,747||1,747|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||5|5|6|
|Use ofCentre &function|income||||
|Energy Income|||||
##
##
##
##
##
##
|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|
##
##
##
##
|Analysis o|f|charitab|le
fun|ds|||||
|---|---|---|---|---|---|---|---|---|
|||||At||||At 31|
|||||1 April 2022|Income|Expenditure|Transfers|March 2023|
|||||6|E||6||
|Unrestricted||funds|||||||
|General funds||||38,304|27,708|(48,887)||17,125|
|Restricted|funds||||||||
|Restricted|funds|||114,325|96,884|(77,214)||133,995|
|Designated||building|fund||||||
|Designated||building|fund|352,682||(9,585)||343,097|
|Total funds||||505,311|124,592|(135,686)|-|494,217|
|||||At||||At 31|
|||||1 April 2020|Income|Expenditure|Transfers|March 2022|
|||||E|E|E|F|E|
|Unrestricted||funds|||||||
|General funds||||70,090|11,889|(43,674)|(1)|38,304|
|Restricted funds|||||||||
|Restricted|funds|||100,925|77,946|(64,546)||114,325|
|Designated||building|fund||||||
|Designated||building|fund|362,266||(9,585)|1|352,682|
|Total funds||||533,281|89,835|(117,805)||505,311|
##
##
##
##
|Analysis of net as|sets between|funds||||
|---|---|---|---|---|---|
|||||Designated||
|||Unrestricted|Restricted|Building|Total Funds|
|||Funds
6|Funds
6|Funds|2023
f|
|Tangible fixed assets||88,787||343,097|431,884|
|Current assets||(41,754)|133,995||92,241|
|Creditors less than|1 year|(29,908)|||(29,908)|
|Net assets||17,125|133,995|343,097|494,217|
|||||Designated||
|||Unrestricted|Restricted|Building|Total Funds|
|||Funds|Funds
f|Funds|2022
6|
|Tangible fixed assets||93,217||352,682|445,899|
|Current assets||(5,341)|114,325||108,984|
|Creditors less than|1 year|(49,572)|||(49,572)|
|Net assets||38,304|114,325|352,682|505,311|
##
##
|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)|