COMPANY REGISTRATION NUMBER: 05717320
CHARITY REGISTRATION NUMBER: 1122738
Somerset Earth Science Centre
Company Limited by Guarantee
Financial Statements
31 March 2024
CHALMERS & CO
sw
LIMITED
Chartered accountant & statutory auditor
Trading as Chalmers & Co.
6 The Linen Yard
South Street
Crewkerne
Somerset
TA18 8AB

Somerset Earth Science Centre
Company Limited by Guarantee
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report (incorporating the director's report)
Independent auditorfs report to the members
Statement of financial activities (including income and
expenditure account)
12
Statement of financial position
13
Statement of cash flows
14
Notes to the financial statements
15
The following pages do not fonn part of the financial ststements
Detailed statement of financial activities
26

Somerset Earth Science Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their ￿pOrt and the
financial statements of the charity for the year ended 31 March 2024.
Reference and administrative details
Registered charity name
Somerset Earih Science Centre
Charity registration number
1122738
Company reglstration number 05717320
Prfnclpal office and registered Moons Hill Quarry
office
Mendip Road
Stoke St. Michael
Radstock
Somerset
BA3 5JU
The trusteesldirectors
P B Barkwill
H Siggs
A B Yeoman
Company secretary
P B Barkwill
Auditor
Chalmers & Co (SW) Limited
Chartered Accountants & Statutory Auditors
Trading as Chalmers & Co.
6 The Linen Yard
South Street
Crewkerne
Somerset
TA18 8AB
Bankers
National Westminster Bank plc
25 High Street
Shepton Mallet
Somer5et BA4 SAF
Solicitors
Mowbray Woodwards
3 Queen Square
Bath
Somerset
BA12HG

Somerset Earth Science Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢ontlnu8d)
Year ended 31 March 2024
Structure, govemance and management
The company was formed on 21 February 2006 and is governed by its Memorandum and Articles of
Association. Registration as a charty was obtained on 13 February 2008. The aims of the charity are
to provide an educational programme for schools which is National Curriculum linked with work sheets
available for topics at Key Stages 1 to 4. More advanced studies are available for colleges, community
groups and the general public. The Centre offers a unique learning experience which includes looking
at areas of formér quarrying which have geological or wildlife interest and exploring different working
quarries in the Mendip area. Topics covered include all aspects of quarrying from processing stone to
environmental impact, plus geography, ecology, geology, careers, technology and business studies.
The Centre employs two full time teachers to provide the educational and field study experience.
Objectives and activities
The trustees have paid due regard to the guidance given by the Charity Commission on public benefrt
when deciding what activities the charty should undertake. The trustees believe that th8 activities
undertaken in the year and described in this report showacommitmentto providing an identifiable public
benefit and that this benefrt is not restricted in any way.
Strateglc report
The following sedions for achievements and perfomiance, financial review and plans for fuiure periods
fom the strat8gic report of the charity.
Achlevements and Performance 23124
Summary of Centre Educatlonal visits: The Centre had a busy year with the focus of its activty
working with visiting school groups. Fifty-￿0 school groups aged 7-18 years visited the SESC wilh a
minibus touf of one of the Mendip quarry sites. Twenty-five primary school groups, wsited to study rocks,
fossils, and the Mendip quary industry, whilst the remaining primary schools came for our sessions on
volcanoeslmoons Hill industry, rivers fieldwork at Vallis Vale, or to learn about biodiversrty and habitats
at SESC. Highlights working with secondary schools include; taking fity-seven Year 9 geography
students from Wells Cathedral School in oné day to visit Moons Hill quarry and working with seventeen
year 10 from Frome College to learn about the Mendip quarry industry careers.
Staff worked with four sixth form colleges for A level Biology, Environmentsl Science and Geology
fieldwork at Batts Combe and Halecombe quarries. A PHD research group from Liverpool Universty
visited us in July. They were escorted into Stoke Quarry to study the geo Chemistrylstratigraphy of
Andesite, samples collected for research into the age of the Earth. We also assisted an architecture
student from UCL complete her field analysis, understanding the quarry supply chain for constructional
materials.
Career education: The Centre continues to support career education in sch¢)ol on a local and national
level for the quary industry. Highlights this year include developing resources for the national quarry
industry scheme Minerals Matter Website which went live this year. These resources are to be used by
ambassadors in schools to inform students about careers in the industry. The Centre is heavily involved
in supporting and recruiting local quarry industry ambassadors, as well as Gill Odolphie giving time to
keep close relationships with Somerset Careers Hub as an Enterprise Advisor.
Aduft & Community Educatlon: We have an increasing demand for adult educational visits from
retired professionals from the U3A movement from all over the SW area, with a total of ￿e1ve group
tours taken around a Mendip quarry site and accompanying geolindustry talk at the SESC with tea and
biscuits.
The SESC has been a regular host to the Wells branch of the geological section of the U3A, and one of
our expert volunteers, Dr Peter Hardy gave a series of four geological lectures, all well supported. A
lecture in the autumn was given on behalf of the National Geographic Society, for the local community

Somerset Earth Science Centre
Company Limited by Guarantee
Trustee5' Annual Report (Incorporating the Director's Report) (¢onllnu8dJ
Year ended 31 March 2024
to understsnd aboul new research findings from Pleistocene mammal bones found in Browne's Hole
cave in Stoke St Michael.
Other SESC Special Events and activities: At Whatley quafry in April, SESC staff and two
volunteers attended their open day with family geo related activities on a stand, Adel and Lou gave
approx. 840 visitors guided coach lours of the operational area, a busy open day with approx. 5000
visitors on site. Adel drove the minibus for a group of colleagues from the SW branch of Institute of
Geology around Tarmac's Stancombe quarry in the autumn.
On bank holiday in May, the SESC also exhibited at Somerscience Fair in Castle Cary, alongside many
STEM industry ambassadors, a successful day engaging with over 2000 people. Staff engaged the
audience making a pellet of limestone rock, and took fossil specimens and sales, alongside an
inforniation display about the roles in the quarry industry and Minerals Matter.
SESC hosted CHaOS (Cambridge Hands on Science) in July, a fun interactive family science workshop
day, run by students from Cambridge University, and was extremely successful attended by 150+
people.
The Southern branch of the Russell Society (mineral collectors), held their symposium with us during
February, attended by approx. 50 people, for lectures and lunch. Minerals have been donated to the
SESC for our showcases, and specimens for fund raising.
A further highlight of the year was the participation in a new exhibition at Bristol Museum highlighting
Mary Anning's Ichthyosaur specimen and celebrating women in geo science. The SESC was honoured
to tske part, and a short video was made of our work, featuring Adel delivering a tslk during Mendip
Rocks and driving a quarry tour during Mendip Rocks. This video was shown for 3 months in Bristol
Museum from Jan to March and is available on Bristol Museum's You Tube Channel online. The centre
will continue working closely with Bristol University and the museum staff.
Wildlife Watch club.. Two family wildlife sessions have been held during the school holidays, and due
to the increase in number of Saturdays we now hold open days at the SESC it has not been possible to
hold more. We would like to off8r more in future with more staff resour￿$.
Mendip Rocks Community festival: This is an essential project to ensure we make the facility
available to the wider community. The festival is always popular with our target audience, and we hosted
eleven events across the Mendip Hills region during October 2023. Attendance was good, with around
1500 people taking part in the events.
This year income donations from ticket sales for events was paid directly in to SESC bank account via
Eventbrite. The Mendip Hills National Landscape team only assisted us with the final event in Cheddar,
so it was agreed that the SESC keep the funds to offset their time in producing the festival events. The
SESC staff supported the artist with the 'Moments on Mendip. project which was showcased during the
finale, supplying rocks from Mendip quarries and their own collection for photographing archive images
in the landscape and then projecting them onto the rock faces of Cheddar Gorge at night, a unique
experience, attended by over one thousand people. A collaboration fee was given for advice and
assistsnce of £450.
Volunteer Engagement: This has increased over the year, as volunteers attend the centre on a week
basis, curating the fossils, minerals, and other resources we have at the SESC, alongside assisting with
our educational work and assisting the smooth running of our events. There have been approx. 45
volunteer sessions attended by on average 8 volunteers, from 10-3pm, approx 1288 hours work,
including the open days when they help all day. These open days are popular with families. and several
often repeat visits to look at our collections and buy fossils as well as talk to our volunteer experts. Most
of the fossils and minerals we sell have been donated by local fossil collectors, and Russell Society
members.
Fundralslng & Grants: This year we have made a conscious effort to raise centre income via donations
for our educational visits, to help cover our running costs. Private schools have all made donations for

Somerset Earth Science Centre
Company Limitod by Guarantee
Trustees. Annual Report {Incorporating the Director's Report) fcontlnuodj
Year ended 31 March 2024
their visits, of £10 per student, but not all state schools have been able to donate the suggested £3 per
student. However, all visiting adult community groups now readily donate between £10 to £15 per head
for a day visit, including a quarry tour. This increase in donations this year and is due to continued value
of the services we offer to the community recognised by our visitors at our open day events and for their
bespoke visits to the centre.
The most noticeable income increase has been generated by hosting regular open days for the
communty, to come to see the Centres collection of fossils and minerals, buy specimens. books and
tea and cakes sold. The regular group of eight volunteers, has enabled the Centre to open at weekends
in school holidays, with five openings be￿een April and the end of March 2024, all w&ll attended by on
averag8 131>150 people, mostly from the local community.
A generous donation from a private fossil collector, Chris Townson of £1,200 was received via Simon
Carpenter. and will also assist with our educational development work. This donation included fossil
material for the SESC to use for display and to sell to raise further funds.
We applied to the Mendip Hills Fund for £2,000 in, November to continue development of the outdoor
geological time trail around the lakeside path but unfortunately were not successful this time. Frome
Lions have also offered to support this work. however. this has not materialised to date. We have also
approached Kelston Sparkes for part funding, or sponsorship for this project, wrth no decision to date.
Estimated costs of project: graphic designlartwork £3,000 +vat and production costs of interpretstion
boards for outdoor trail £3,OOO+vat- Total £6,OOO+vat.
Financlal Revlew
The Centre continues to be funded by the Mendip Quarry Producers and as such, has SLrfficient
resources to cover its costs and manage its, risks.
There are net negative restricted ￿ndS of £17,894, however there is £112,500 included in the minibus
replacement fund, which has been funded by the Mendip Quarry Producers. A minibus has been
identified which is likely to cost significantly less than the funds held and approval is expected to be
received from the Mendip Quarry Producers to release the remaining funds back into unrestricted funds
to ensure sufficient funds going forward.
Future Projects and Development of Educatlonal Work:
Increase outreach education engagement to schools in wider area, eg North Somerset. This will
allow us to provide activities to schools in areas that find the Centre difficult to access. We are
already finding that this demand is increasing due to cost of transport, or if the whole school
wants an experience in one day.
Continue to develop education on careers in the industry, to secondary schools, by developing
programmes and resources that connect the industry to the curriculum. We will aim to explore
how to make this offer to be more diverse and include students with special and alternative
needs.
Project delivery of Quarry Life Award with Heidelberg at Kings of Wessex School - Bug Hotels
for biodiversity at Batts Combe quarry and in school.
There is also a need to advise and promote available apprenticeships in the sector to schools
and career advisors. Further promote Industry Ambassador recruitment and support to deliver
career engagement in schools in the local area.
Progress the development and deliver outdoor Geological Time trail in the centre grounds,
working with graphic designer- still in progress. When funds permit, we will go to production
and installation of the geological trail in 2025.
Develop Classroom educational graphic displays - For the rear classroom wall, The Mendip
geology & industry graphic boards, and one for "The uses of minerals in our everyday lives..
This project requires funding estimate costs needed in budget = £5000.
Research grants and funds from sponsors for educational development work to update indoor
wall graphics and displays.

Somerset Earth Science Centre
Company Limited by Guarantee
Trustaes, Annual Report {Incorporating the Director's Report) (continued)
Year anded 31 March 2024
Consider wider use of centre by business users for venue income revenue, when not required
for educational work during school holidays.
Investment Policy
It is the trustees, policy to invest surplus cash funds in a high interest account but allowing access to
those funds as necessary to meet expenditure as it arises.
Movement in fixed assets
Acquisitions and disposals of fixed assets during the course of the year are disclosed in nole 12.
Results
The audited accounts of the company for the year ended 31 March 2024 were approved by the board
of trustees on 20 December 2024.
Trustees
The following organisations, all of which are member companies of the Mendip Quarry Producers, can
appoint a representative to the board of trustees.. John Wainwright & Co. Limited, Aggregate Industries
Limited, Hanson Aggregates Limited, Tarmac Limited and Morris & Perry (Gumey Slade Quarries)
Limited.
When considering the recruitment of trustees, the appointing organisations have regard to the skill sets
required by th8 trustees to run the charity. They therefore look to cover any perceived shortfalls when
making their appointments. Training of new trustees is undertaken by existing experienced trustees.
The maximum number and minimum number respectively of the trustees may be determined from time
to time by ordinary resolution in general meeting of the charty. Subject to and in default of any such
determination there shall be no maximum of trustees and the minimum number of trustees shall be
three.
The trustees of the charity, all of whom are directors of the company, at the year end are P B Bark￿111,
H Siggs and A B Yeoman OBE DL. There have been no other trustees in the period.
Trustees. interests
No trustee has or had during the year or at the end of the year any beneficial interest in any material
contract with the company, which was or is signfficant in relation to the company's business.
Shares
The company has no issued share capitsl and is limited by guarantee of its members, each member
guarantees £1 on the winding up of the company. Each of the organisations able to appoint trustees is
a member of the company.
Heafth and Safety
In accordance with the provisions of the Health and Safety at Work Act 1974 the company has issued
a written statement of its general policy with regard to heatth and safety at work of its employees and
the organisational arrangements for carrying out that policy. The statement has been brought to the
attention of the company's staff.
Risk
The trustees have continued to assess the major risks to which the company is exposed and systems
are established to mitigate these risks.
Audit informatlon
So far as the trustees are aware there is no relevant audtt information of which the company's auditors
are unaware. Each trustee has taken all the steps that they ought to have taken as a trustee in order to

Somerset Earth Science Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (continued)
Year ended 31 March 2024
make themselves aware of any relevant audit infonrjation and to establish that the company's auditors
are aware of that information.
Audito
A resolution to reappoint Chalmers and Co (SW) Limited as auditors and to authorise the trustees to fix
their remuneration will be proposed at the annual general meeting.
Preparation of the accounts
This report and the accounts have been prepared in accordance with the charity's governing document,
Charity SORP FRS 102 and the special provisions for small companies under Part 15 of the Companies
Act 2006.
Trustees. responslbllities statement
The trustees, who are also directors for the purposes of company law, are responsible for preparing the
trustees. report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards {United Kingdom Generally Accepted Accounting Practice).
Company law requires the charty trustees to prepare financial statements for each year which give a
true and fair view of the state of affsirs of the charrtable company and the incoming resources and
application of resources, including the income and expenditure, for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the applicable Charities SORP;
make judgments and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the financial ststements comply with the
Companies Act 2006. They are also responsible for safeguarding the assets of the charty and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Audltor
Each of the p8rsons who is a trustee at the date of approval of this report confirms that..
so far as they are aware, there is no relevant audit infonnation of which the charity's auditor is
unaware,. and
they have taken all steps that they ought to have taken as a trustee to make themselves aware of
any relevant audit informalion and to establish that the charity's auditor is aware of that infomiation.

Somerset Earth Science Centre
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) fcontinuod)
Year ended 31 March 2024
The trust
onb
Ifof
al report and the strategic report were approved on 20 December 2024 and signed
eboa
of trust8es by-.
AB Ye
Trustee
man
Trustee

Somerset Earth Science Centre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Somerset Earth Science
Centre
Year ended 31 March 2024
Opinion
We have audited the financial statements of Somerset Earth Science Centre {the 'charity') for the year
ended 31 March 2024 which Comprise the statement of financial activrties (including income and
expenditure account), statement of financial position, statement of cash flov￿ and the related notes,
including a summary of significant accounting F)olicies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS
102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice}.
In our opinion the financial statements=
give a true and fair view of the state of the charity's affair5 as at 31 March 2024 and of its incoming
resources and application of resources. including its income and expenditure, for the year then
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Ouf responsibilrties under those standards are further described in the auditorfs
responsibilities for the audit of the fi'nancial ststements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtsined is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directorfs use of the going concern
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties reEating to
events or conditions that, individually or collectively. may Gast significant doubt on the entity's abilty to
continue as a going concern for a period of at least twelve months from when the financial statements
are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concem are described
in the relevant sections of this report.

Somerset Earth Science Centre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Somerset Earth Science
Centre (¢onllnuod)
Year ended 31 March 2024
Other infomiation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other infonnation. Our
opinion on the financial statements does not cover the other infomiation and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibilty is to read the other information
and, in doing so. consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If
we identify such material inconsistencies or apparent material misststements, we are required to
determine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed, we conclude that there
is a material misstatement of this other infonnation, we are required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the trustees, report for the financial year for which the financial ststements
are prepared is consistent with the financial statements; and
the trustees, report has been prepared in accordance with applicable legal requirements.
Matters on whlch we are required to report by exceptlon
In the light of the knowledge and understanding of the charity and its environment obtained in the course
of the audit, we have not identified material misstatements in the trustees, report.
We have nothing to report in respect of Ihe following matters in relation to which the Companies Act
2006 requires us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns,. or
certain disc105ures of trustees, remuneration specified by law are not made., or
we have not received all the infonnation and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the truste8s' responsibilities statement, the trustees (who are also the
directors for the purposes of company law) are responsible forthe preparation of the financial statements
and for being satisfied that they give a true and fair view, and for such intemal control as the trustees
detemiine is necessary to enable the preparation of financial ststements that are free from material
misstatement, whether due to fraud or error.

Somerset Earth Science Centre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Somerset Earth Science
Centre (continuod)
Year ended 31 March 2024
In preparing the financial statements, the trustees are responsible for assessing the charity's abilily to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic altemative but to do so.
Auditorfs responsibilities for the audlt of the flnanclal statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditorfs report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misststements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregulartties, including fraud is detailed below-
We have considered the ft)Ilowing'.
The nature of the industry and the sector, control environment and business perfomance
Results of our enquiries of management and directors in relation to their own identification and
assessment of the risks of irregularities within the company.. and
Any matters we identified having obtained and reviewed the entity's documentation of their
policies and procedures relating to identifying, evaluation and complying with laws and
regulations and whether they were aware of any instsnces of non-compliance., detecting and
responding to the risks of fraud and whether they have knowledge of any actual, suspected or
alleged fraud; the interna controls established to mitigate risks of fraud or non-compliance with
laws and regulations.
As a result of these pr¢xedures, we have considered the opportunities and incentives that may exist
within the organisation for fraud and identified the areas of high risk to be in relation to revenue
recognition. In common with all audits under ISAS {UK} we are also required to perfomi specific
procedures to respond to the risk of management override.
We have also obtained an understanding of the legal and regulatory frameworks that the company
operates in, focus5ing on provisions of those laws and regulations that had a direct on the determination
of material amounts and disclosures within the financial statements. The key laws and regulations we
considered in this context included the UK Companies Act, Financial Reporting Stsndard 102 and UK
Tax Legislation. In addition, we considered the provision of other laws and regulations that do not have
a direct effect on the financial statements but compliance with which may be fundamental for the Group's
ability to operate or avoid a material penalty. The included heafth and safety regulations; employment
legislation- and data protection laws.
Our audit procedures performed to respond to the risks identified included, but were not limited to..
Reviewing the financial statement disclosures and testing to supporting documentation to
assess compliance with provisions of relévant laws and regulations described as having a direct
effect on the financial ststements.
10

Somerset Earth Science Centre
Company Limited by Guarantee
Independent Auditor's Report to the Members of Somerset Earth Science
Centre (contsnugd)
Year ended 31 March 2024
Reviewing the financial statement disclosures and testing to supporting documentation to
assess the recognition of revenue.
Discussions with management, including consideration of known or suspected instances of non-
compliance with laws and regulations and fraud.
Performing analytical procedures to identify any unusual or unexpected relationships that may
indicate risk of material misstatement due to fraud-
Review of board rninutes.,
Identifying and testing journal entries, evaluating whether there was evidence of bias by the
directors that represented a risk of material misststement due to fraud,. and
Challenging assumptions and judgements made by management in their significant accounting
estimates.
We also communicated relevant identtfied laws and regulations and potential fraud risks to all
engagement team members and remained alert to any indications of fraud or non-compliance with laws
and regulations throughout the audit.
Our audit pr¢xedures were designed to respond to risks of material misstatement in the financial
statements, recognising that the risk of not detecting a material misstatement due to fraud is higher than
the risk of not detecting one resulting from an error, as fraud may involve deliberate concealment by, for
instanrE, forgery, misrepresentations or through collusion. There are inherent limitalions in the audit
procedures performed and the further removed non-compliance with laws and regulations is from the
events and transactions reflected in the financial statements, the less likely we would become aware of
A further description of our responsibilities is available on the Financial Reporting Council's website at
ww.fr¢.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Use of our report
This report is made solely to the charty's members, as a body, in accordance with Chapter 3 of Part 16
of the Companies act 2006. Our audit work has been undertaken so that we might state to the charity's
members those matters we are required to state to them in an auditorfs report and for no other purpose.
To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than
the charity and the charity's members as a body, or our audit work, for this report, or for the opinions we
have formed.
S M Bachrach (Senior Statutory Auditor)
For and on behalf of
Chalmers & Co (SW Limited
Chartered accountsnt & statLrtory auditor
Trading as Chalmers & Co.
6 The Linen Yard
South Street
Crewkeme
Somerset
TA18 8AB
20 December 2024

Somerset Earth Science Centre
Company Limited by Guarantee
Statement of Financial Actlvities
(including income and expenditure account)
Year ended 31 March 2024
2024
Designated
Building
funds Total funds Total funds
2023
Unrestricted
funds
Restricted
funds
Note
Income and endowments
Donations
Grants
Function income
7,987
2,200
3,614
66,375
2,250
74,362
4,450
3,614
120,845
2,000
1,747
Total income
13,801
68,625
82,426
124,592
Expendlture
Expenditure on
charitable activities
Govemance of charity
Total expenditure
58,322
4,865
70,233
9,584
138.139
4,865
129,063
6,623
135,686
63,187
70,233
9,584
143,004
Net incomellexpenditure)
and net movement In funds
(49,386)
(1,608)
(9,584)
(60,578
(11,094)
Transfer be￿een funds
14,367
(14,367)
Reconcillation of funds
Total funds brought forward
Total funds carrled foNiard
17,125
133,995
343,097
494,217
433,639
505,311
(17,894)
118,020
333,513
494,217
The ststement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
There has been a transfer of funds from restricted to unrestricted as disclosed in note 18.
The notes on pages 15 to 24 fomi part of these financial statements.
12

Somerset Earth Science Centre
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
2024
2023
Note
Fix8d assets
Tangible fixed assets
12
416,884
431,884
Current assets
Debtors
Cash at bank and in hand
13
29.649
23N33
22,125
70,116
53,082
92,241
Creditors: amounts falling due within one year
Net current assets
14
36,327
16.755
29,908
62,333
Total assets less current Ilabllltles
433,639
433,639
494,217
Net assets
494,217
Funds of the charity
Unrestricted funds
Restricted funds
Designated Building funds
Total charty funds
(17,894)
118,020
333,512
17,125
133,995
343,097
15
433,639
494,217
These accounts have been prepared in accordance with the provision applicable to companies, subject
to the small companies, regime.
These fin
Decem
tstements were approved by the board of trustees and authorised for issue on 20
are signed on behalf of the board by..
r a024,
arkwill
stee
A B Yeoman
Trustee
The notes on pages 15 to 24 form part of these flnanclal statements.
13

Somerset Earth Science Centre
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net incomel(expendrture)
(60,578)
{11,094)
Adjustments for
Depreciation of tangible fixed assets
Interest payable and similar charges
15,000
65
15,000
31
Ch8ng8s in..
Trade and other debtors
Trade and other creditors
(7,524)
6,419
{22,125)
{19,664)
(37,852)
Cash generated from operations
(46,618)
Interest paid
Net cash from operating activities
(65)
(46.683)
{31)
(37,883)
Cash flows from investing activities
Purchase of tangible assets
Net cash used in investing activities
{985)
(985)
Net increase in cash and cash equivalents
Cash and cash equlvalents at beginning of year
Cash and cash equivalents at end of year
(46,683)
70,116
23,433
(38,868)
108,984
70,116
The notes on pages 15 to 24 forni part of thesg financial ststements.
14

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
General Infomiation
The charity is a public benefft entity and a private company limÈted by guarantee, registered in
England and Wales and a registered charity in England and Wales. The address of the registered
Offi￿ is Moons Hill Quarry. Mendip Road. Stoke St. Michael, Radstock, Somerset, BA3 5JU.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to Charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (Charities
SORP (FRS 102)) and the Companies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue. As high-lighted in the
Trustee report there are net negative unrestricted funds, however as it is likely funds will be
released from the restricted minibus fund to the unrestricted funds next year, this is not considered
a concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors, including expectations of
future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds eaTmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through
the terms of an appeal and fall into one of two sub-classes.. restricted income funds or endowment
funds.
15

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continue
Year ended 31 March 2024
Accountlng policies (contlnued)
Incomlng resources
All incoming resources are included in the Statement of financial activities when entitlement has
passed to the charty,. it is probable that the economic benefits associated with the transaction will
flow to the charty and the amount can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is recognised when there is evidence of entitlement to the
grft, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the accounts
when received if the value can be reliabty measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classrfied as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals bssis as a liability is incur￿d. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of financial
activities to which it relates=
expenditure on charitable activities includes all costs incurred by a Charty in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs 2nd costs relating to the governance of the charty apportioned to charitable
activities.
expenditure on raising funds includes the costs of all fundraising activities, events, non-
charitable trading activities, and the sale of donated goods.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity- Shared costs are apportioned
bel￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Operatlng leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The
aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term,
on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at the dale of revaluation less any subsequent accumulated depreciation and
16

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continugd)
Year ended 31 March 2024
Accounting policies (contlnuedj
subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impaimient that has previousFy been
recognised as expenditure within the statement of financial adivities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows:
Freehold property
Plant & Equipment
Motor Vehicles
50 years straight line
33 113 /0 Straight line
100/0 Straight line
Impairment of flxed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impaimients are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount
of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit
to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets
that includes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of Ihe cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the
contractual agreement, as either financial assets, financial liabilities or equity instruments. An
equity instrument is any contract that evidences a residual interest in the assets of the company
after deducting all of its liabilities.
Taxatlon
The company is a registered charity. As such the company has obtained confirmation from HM
Revenue and Customers that corporation tax is not payable on the surpluses generaled.
Value added tax
The charitable company is not registered for VAT. Irrecoverable VAT is charged against the
category of resourcRs expanded for which it was incurred.
17

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (eontlnued)
Year ended 31 March 2024
Accounting Policles (continuedl
Government Grants
Under the accrual model, government grants relating to revenue are rec¢)3nised on a systematic
basis over the periods in which the company recognises the related costs for which the grant is
intended to compensate. Grants that are receivable as compensation for expenses or losses
already incurred orforpurposes of giving immediatefinancial supportto entitywith nofuture related
costs are recognised in income in the period in which it because recetvable.
Donations and grants
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Grants
7,988
2,200
10,188
66,375
2,250
74,363
4,450
78,813
68,625
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Grants
25,961
94,884
2,000
120,845
2,000
25,961
96,884
122,845
Other income
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Use of Centre & function income
3,614
3,614
3,614
3.614
Unrestricted
Funds
Restricted Totsl Funds
Funds
2023
Use of Centre & function income
1,747
1,747
1,747
1,747
18

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (conlinued)
Year ended 31 March 2024
Expenditure on charitsble activities
Unrestricted
Funds
Restricted Designated Total Funds
Funds building fund
2024
staff costs
Health and safety
Miscellaneous
Light and heat
Repairs and renewals
Insurance
Cleaning
Motor expenses
Travel and subsistence
Stationery, books, printing & postage
Telephone
IT
Security
Depreciation
Mendip rocks
29,194
795
2,681
3,322
3,027
7,698
69,375
98,569
795
2,974
3.322
3.027
7,698
584
1,102
206
1,243
562
1,177
1,315
15,000
565
293
1.102
206
1.243
562
1,177
1,315
5,415
9,585
565
58,321
70,233
9,585
138,139
Unrestricted
Funds
Restricted Designated Total Funds
Funds building fund
2023
Staff costs
Health and safety
Miscellaneous
Light and heat
Repairs and renewals
Insurance
Cleaning
Motor expenses
Travel and subsistence
Stationery. books, printing & postage
Telephone
IT
Security
Depreciation
Mendip rocks
10.792
76,000
86,792
1,127
3,954
7,994
7,186
664
1,920
56
1,532
430
1,194
1.127
3,954
7,994
7,186
1,920
1,532
430
1,194
5,415
9,585
15,000
1,214
1,214
42,264
77,214
9,585
129,063
19

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
Govemance costs
Unrestricted
Funds
Restricted Designated Total Funds
Funds building fund
2024
Auditor fees
Professional fees
Bank charges
3,698
1,102
65
3,698
1,102
65
4,865
4,865
Unrestricted
Funds
Restricted Designated Total Funds
Funds building fund
2023
Auditor fees
Professional fees
Bank charges
3.189
3,403
31
3,189
3,403
31
6,623
6,623
Net Incomel(expenditure)
Net incomel(expendrture) is stated after charging/{crediting)=
2024
2023
Depreciation of tangible fixed assets
15,000
15,000
Auditorfs remuneration
2024
2023
Fees payable for the audit of the financial statemenls
3.698
3,189
10. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows-
2024
2023
Wages and salaries
Social security Costs
Employer pension contributions
89,228
6,809
2,532
98,569
78,654
6,066
2,071
86,791
The average number of persons employed during the year was 5 (2023.. 5)
No employee received employee benefrts of more than £60,000 during the year (2023: Nil).
20

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (¢ontlnued)
Year ended 31 March 2024
11. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were
received by the trustees.
No trustee expenses have been incurred.
12. Tanglble fixed assets
Freehold
property
Plant and
machinery
Total
Cost
At 1 April 2023
Additions
597,870
93,852
691,722
At 31 March 2024
597,870
93,852
691,722
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
169,358
11,957
90,481
3,043
259,838
15,000
274.838
181,315
93,524
Carrylng amount
At 31 March 2024
416,555
329
416.884
At 31 March 2023
440,471
5,428
445,899
13. Debtors
2024
2023
Prepayments and accrued income
29,649
22,125
14. Creditors: amounts falling due within one year
2024
2023
Accruals and deferred income
Other creditors
2,798
33,529
36.327
2,448
27,460
29,908
21

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
15. Analysis of charitable funds
At
1 April 2023
At31
Transfers March 2024
Income Expenditure
Unrestricted funds
General funds
17,125
13,801
{63,187)
14,367
(17,894)
Restrlcted funds
Restricted funds
133,995
68,625
(70,233)
(14,367)
118,020
Designated building fund
Designated building fund
343,097
(9,585)
333,512
Totsl funds
494,217
82,426
(143,005)
433,639
At
1 April 2022
At31
Transfers March 2023
Income Expenditure
Unrestrided 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
There was a transfer of funds from restricted funds to unrestricted funds in the year as disclosed in
Note. 18.
22

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 March 2024
16. Analysis of net assets between funds
Designated
Building Total Funds
Funds
2024
Unrestricted
Funds
Restricted
Funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
83,371
30,957
(36,327)
78.001
333,513
416,884
53,082
(36,327)
433,639
22,125
22,125
333,513
Designated
Building Total Funds
Funds
2023
Unrestricted
Funds
Restricted
Funds
Tangible fixed assets
Current assets
Creditors less than 1 year
Net assets
93,217
(5,341)
(49,572)
38,304
352,682
445,899
108,984
(49,572)
505,311
114.325
114,325
352,682
Unrestricted funds
These funds representthe funds of the charity that are not subjectto any restriction regarding their
use. They are available for application on the general purposes of the charity.
Deslgnated building fund
The designated building fund represents an unrestricted fund set aside on the completion of the
building of the charty's Centre. This is specifically represented by the depreciated value of the
original Centre. Its original cost was £479,240 and it is being depreciated at 2OA straight line.
Restricted funds
These funds arise from donations and grants given for specific purposes. Such funds can only be
applied for those purposes but once the purpose has been achieved the funds are re-designated
as unrestricted. The balance on restricted funds at the year end are as follows.
2024
2023
Mendip Rocks project
Minibus replacement
Media Equipment
Graduate Placement scheme
School Transport & Outreach resources
Ikea display cabinets
Mendip Hills
Somerset Community
Museum Display
Matrix Info Board
535
112,500
1.405
580
1.000
10,190
112,500
2,769
2.000
1,000
136
900
2,000
2,000
500
2.000
118,020
133,995
23

Somerset Earth Science Centre
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 March 2024
17. Related partles
The member companies of Mendip Quarry Producers are entitled to appoint trustees to the charity
as detailed in the Trustees, Report. Mendip Quarry Producers is therefore Connected with the
charity. Transactions undertaken in the year include donations to the charity of £66,375 (2023:
£110,625).
18. Transfer of funds
During the year, a review of restricted funds was carried out and it was found costs associated with
restricted funds have been expended in the prior year and therefore funds have been transferred from
restricted funds to unrestricted funds as indicated below.
There was a transfer of £8,047 from Mendip Rocks restricted funds to unrestricted funds during the year
to reflect SESC time in running the event, which was not included in 2019, 2020 or 2023 accounts.
There was a transfer of £900 from Mendip Hills restricted fund, £2,000 Somerset Community restricted
fund and £500 Matrix Info Board restricted fund (Total £3,400) to unrestricted funds to reflect costs
incurred in January and February 2023 for the new Welcome Board and Rock Column.
There was a transfer of £136 from Ikea restricted funds to unrestricted funds to reflect costs incurred in
January 2022 for the new Ikea cabinet.
There was a transfer of £1,420 from Graduate Placemenl scheme restricted funds to unrestricted funds
to reflect costs incurred for hire of individual from January 2020 to March 2020 before covid ceased
placement.
There was a transfer of £1,364 from Media equipment restricted funds to unrestricted funds to reflect
costs incurred in October 2019 for new laptop and projector.
24

Somerset Earth Science Centre
Company Limited by Guarantee
Management Infomiation
Year ended 31 March 2024
The following pages do not form part of the financial statements.
25

Somerset Earth Science Centre
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
2024
2023
Income and endowments
Donations and legacies
Donations
Grants
74,363
4,450
78,813
120.844
2,000
122,844
Other tradlng activities
Function income
3,614
1,747
Total income
82N27
124,591
Expenditure
Expendlture on charitable activities
Wages and salaries
Health and safety
Miscellaneous
Light and heat
Repairs and maintenance
Insurance
Cleaning
Motor vehicle expenses
other motorftravel costs
Stationery, books, printing & postage
Telephone
IT
Security
Depreciation
Mendip Rocks
Audrtor's fees
Professional fees
Bank charges
98,569
79S
2,974
3,322
3,027
7,698
584
1,102
206
1,243
562
1,177
1,315
15,000
565
3,698
1,102
65
86,791
1,127
3,954
7,994
7,186
664
1,920
56
1.532
430
1,194
15,000
1,214
3,189
3,403
31
Total expenditure
143,004
135,685
Net (expenditure)
(60,577)
(11,094)
26