## ## |||||Page| |---|---|---|---|---| |Independent
examiner's||report||| |Chairman's
report||||4-5| |Report ofthe trustees||||6-9| |Statement offinancial|activities|||10| |Balance sheet||||| |Statement ofcash flows||||12| |Notes tothe financial|statements|||13-19| |Detailed statement
of|financial||activities|20-21| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |for the year|ended 31|March 2|023||||| |---|---|---|---|---|---|---|---| ||||Notes|Unrestricted|Restricted|Total Funds|Total Funds| |||||Funds|Funds|2023|2022| |||||6|6|8|F| |Income:|||||||| |Donations
and legacies||||8,521|5,000|13,521|5,151| |Income from|charitable|activities|||13,500|13,500|8,434| |Other trading|activities|||32,427|(640)|31,787|34,471| |Investment
income||||216||216|175| |Total income||||41 164|17,860|59,024|48,231| |Expenditure|||||||| |Raising funds||||7,366||7,366|3,577| |Charitable
activities||||34,773|28,825|63,598|49,735| |Total expenditure||||42,139|28,825|70,964|53,312| |Net expenditure||||(975)|(10,965)|(11,940)|(5,081)| |Gains/(losses)|on investment||||||| |assets||||(165)||(165)|7,284| |Net movement|in funds|||(1,140)|(10,965)|(12,105)|2,203| |Reconciliation|offunds||||||| |Total Funds brought forward||||183,223|697,552|880,775|878,572| |Total Funds carried forward||||182083|686587|868 670|880 775| ## |as at31March 2|023|||||| |---|---|---|---|---|---|---| |||Notes||2023||| |||||2||| |Fixed assets||||||| |Tangible assets||||669,457||684,914| |Inveslments||||101.592||102,368| |Current assets||||771.049||787,282| |Stocks|||5,790||5,235|| |Debtors
Cash at bank end in|hand||3,946
89,147||4,145
84,145|| ||||98,883||93,525|| |Creditors: amounts|falgng due|||||| |within one year|||('1,282)||(32)|| |Net current assets||||9/,621||93,493| |Total assets less current||||||| |liabilities||||868,670||880,775| |Nst assets||||868,670||880,775| |Funds||||||| |Unrestricted
funds
Restricted funds||||182,083
686,587||1S3,223
697,552| |Total Funds||||868 678||8~80775| ## |for the year ended 31|March 2023||||| |---|---|---|---|---|---| ||||Notes|2023|2022| |||||8|| |Cash used in operating|activities||12|5,002|11,267| |Net increase in cash||||5,002|11,267| |Cash at bank and in hand|less overdrafis|at 1 April||84,145|72,878| |Cash at bank and in hand less overdrafts at 31 March||||89,147|84,145| |Consisting
of:|||||| |Cash at bank and in hand||||89,147|84,145| |||||89,147|84,145| ## ## ## ## ## ## ## ## |Freehold|property|-1.5%on cost|| |---|---|---|---| |Fixtures|and equipment|- 15%on reducing|balance| |Fixtures|and fittings|- 5%on reducing|balance| ## ## ## ## ## ||Pensions|Pensions|||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||The company
operates||a defined||contribution|pension|scheme.||Contributions||are charged||to the| ||income
and
expenditure||account||as they become
payable|||in|accordance||with
the rules||of the| ||scheme.||||||||||||| |2|Income||||Unrestricted||Restricted||||Total||Total| |||||||f|||f||2023f||2022f| ||Donations
and legacies||||||||||||| ||Donations|||||8,521||5,000|||13,521||5,151| ||Total donations
and legacies|||||8,521||5,000|||13,521||5,151| ||Income from charitable||activities||||||||||| ||Grants|||||||13,500|||13,500||8,434| ||Total income from|charitable||activities||||13500|||13500||8434| ||Other trading activities||||||||||||| ||Shop income|||||8,277|||||8,277||5,850| ||Tea room income|||||4,078|||||4,078||166| ||Entrance fees|||||17,486|||(850)||16,636||8,789| ||Journal
publishing|||||1,687|||||1,687||3,075| ||Room hire||||||||||||| ||Talks service|||||805|||||805||109| ||Research income|||||94|||210||304||133| ||Other income||||||||||||16,305| ||Total other trading|activities||||32 427|~040||||31 707||34471| ||Investment
income||||||||||||| ||Income from listed|investment||||216|||||216||175| |||||||216|||||216||175| ||Total Income|||||41 164||17,860||59,024||46,231|| ## |3|Analysis of Expenditure||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||6|6| ||Other trading expenses||7,366||7,366|3,577| ||Charitable
activities||1,561|14,647|16,208|15,951| ||Management
support costs||31,130|14,178|45,308|31,668| ||Governance
costs||2,082||2,082|2,116| ||Total expenditure||42,139|28,825|19994|53312| ||||||2023|2022| |4|Net Income/(Expenditure)||||6|6| ||Net income/(expenditure)|is stated|after charging:|||| ||Depreciation
-owned assets||||15,457|15,701| ||Other operating
leases||||408|358| ## |There were
March 2022.|no trustee|s' expe|nses
paid for t|he year ended 31 March 2023|nor for the year|ended 31| |---|---|---|---|---|---|---| |Staffcosts|||||2023|2022| |The average|monthly|number|ofemployees|during the year was as||| |follows:||||||| |Permanent||||||| ## |fo|r the year ended 31 March 2023|r the year ended 31 March 2023||||||| |---|---|---|---|---|---|---|---|---| |6|Tangible
Fixed Assets||Freehold||Fixtures|&|Fixtures &|Totals| ||||property||equipment||fittings|| |||||E||E|E|E| ||Cost|||||||| ||At 1 April 2022 and|31 March 2023|893|567|64 302||200434|1 158303| ||Depreciation|||||||| ||At 1 April 2022||273,772||61,311||138,306|473,389| ||Charge for the year||11,903||448||3,106|15,457| ||At 31 March 2023||285|675|61 759||141412|488 846| ||Net BookValue|||||||| ||At 31 March 2023||607,892||2,543||59,022|669,457| ||At 31 March 2022||619,795||2,991||62128|684914| |7|Fixed Asset Investments|||||||Listed| |||||||||Investments| |||||||||E| ||Market Value|||||||| ||At 1 April 2022|||||||102,368| ||Income - dividends|and interest||||||216| ||Management
charges|||||||(827)| ||Revaluation|||||||(165)| ||At 31 March 2023|||||||101,592| |8|Debtors||||||2023|2022| ||||||||E|E| ||Trade debtors||||||742|832| ||VAT|||||||104| ||Prepayments
and accrued income||||||3,204|3,208| ||||||||3,946|4,144| |9|Creditors: amounts|falling due within one year|||||2023|2022| ||||||||E|E| ||Trade creditors||||||601|32| ||Social security and other taxes||||||411|| ||Accrued expenses||||||250|| ||||||||1,262|32| |for|the year ended 31 March 2023|the year ended 31 March 2023|the year ended 31 March 2023||||||| |---|---|---|---|---|---|---|---|---|---| |10|Operating
Lease Commitments||||||2023f|2022f|| ||The following
operating||lease payments|are committed|to be paid||||| ||within one year:||||||||| ||Expiring:||||||||| ||Between one and five years||||||408|358|| ||Movement
in funds||||||||| |||||1st April|Received|in|Utilised
in|Balance|31st March| |||||2022
f|year||yearf|transfers
f|2023| ||Unrestricted
funds||||||||| ||Designated
funds||||||||| ||Grade 2 Listed building||refurbishment|60,000|||||60,000| ||General Fund|||123,223|41,164||(42,304)||122,083| |||||183,223|41,164||~42,364)||182,083| ||Restricted funds||||||||| ||Freehold
land|||100,000|||||100,000| ||Freehold
buildings|||519,790|||(11,903)||507,887| ||Fixtures and equipment|||493|||(130)||363| ||Fixtures and fittings|||50,222|||(2,612)||47,610| ||Wessex|||266|||||266| ||Somer Valley|||337|||||337| ||Friends of Radstock|Museum||573|||||573| ||Wesffield
Parish Council|||327|||||327| ||Cottle|||69|||(69)||| ||StJohns|||12,400|||(930)||11,470| ||Thatcher
& Hallam|||803|||||803| ||Midsomer
Norton town council|||360|||||360| ||Faiifield Trust|||2,447|||(1,071)||1,376| ||Big Local Fund - Night Silencing|||221|||||221| ||Co-Op|||2,469|||||2,469| ||Radco|||1,725|||||1,725| ||Radstock Town Council|||181|950||(181)||950| ||Harker|||4,850|||||4,850| ||Radstock Museum|Society||19|5,200||(5,219)||| ||Swift||||5,000||||5,000| ||Hebron Medlock||||5,000||(5,000)||| ||Bath and North East Somerset Council||||1,210||(1,210)||| ||WPC||||500||(500)||| |||||697,552|17,860||(28,825||686,587| ## ## |Reconciliation
of|net movem|ent
in funds to net cash f|low from operating
activities|| |---|---|---|---|---| ||||2023|2022| ||||5|| |Nei Movement
in funds|||(12,105)|2,203| |Adjustments
for:||||| |Depreciation|||15,457|15,702| |Movements
on investment|||776|(6,405)| |(Increase)/Decrease|in Stock||(555)|282| |(Increase)/Decrease|in debtors||199|(913)| |Increase/(Decrease)|in creditors||1,230|398| |Net Cash used in|operating|activities|5,002|11,267| ## ## ## |for the year end|ed 31 March 2023||| |---|---|---|---| |||2023|2022| |||6|6| |Income and Endowments|||| |Donations
and legacies|||| |Donations||11,918|2,632| |Gift aid||1,603|2,519| |||13,521|5,151| |Other trading activities|||| |Shop income||8,277|5,850| |Tea room income||4,078|166| |Entrance fees||16,636|8,789| |Journal
publishing||1,687|3,075| |Room hire|||44| |Talks service||805|109| |Research income||304|133| |Local Authority
Covid-19 relief grants|||16,305| |||31,787|34,471| |Investment
Income|||| |Income from listed|investment|216|175| |||216|175| |Charitable
activities|||| |Grants received|||| |HMRC CJRS Scheme|||2,809| |Harker|||4,850| |Radstock Museum|Society|5,200|118| |Radstock Town Council||1,800|| |Friends ofRadstock|Museum||657| |Hebron
Medlock||5,000|| |BANES||1,000|| |WPC||500|| |||13,500|8,434| |Total incoming
resources||59,024|48,231| ## |for the year ended 3|1 March 2023||| |---|---|---|---| |||2023|2022| |||6|F| |Expenditure|||| |Other trading activities|||| |Shop expenses||4,112|2,485| |Tea room expenses||2,148|210| |Journal
publishing||1,106|882| |||7,366|3,577| |Charitable
activities|||| |Conservation
ofartefacts||751|250| |Land and buildings - depreciation||11,903|11,903| |Fixtures and equipment|-depreciation|448|529| |Fixtures and fittings - depreciation||3,106|3,269| |||16,208|15,951| |Support costs|||| |Management|||| |Salaries and wages||17,674|13,248| |Leased equipment||408|358| |Water rates||270|(14)| |Insurance||3,499|3,431| |Light and heat||5,465|4,384| |Telephone
and internet||553|565| |Post, printing
and stationery||655|236| |Sundries||3,136|179| |Repairs and maintenance||9,697|5,133| |Exhibition costs||1,203|1,868| |Bank charges||374|277| |Cleaning expenses||2,129|1,793| |Pension costs||245|210| |||45,308|31,668| |Governance costs|||| |Investment
management||1,190|1,066| |Independent
examination|fees|250|250| |Accountancy
and legal fees||642|800| |||2,082|2,116| |Total resources expended||70,964|53,312| |Net deficit||(11,940)|(5,081)|