Registered number Radstock Museum Report of the Trustees and unaudited Financial Statements 31 March 2025 Chai7ty number: 1151513 Rewrt and financial statements Pagè Chaim)an's rewt Report of the trustees Independent examIn￿S rwt 10 11 12 Noles lo the 1Snancial statanents 13-19 20-21 Rad6to¢k Museum Chainnan's Report For the Year endlng 31 I￿8￿h 2025 As rep(xt￿l last year, tre MuseLNn ber*ftited from a Subs￿rtial legacy in FY 2024r25 and. as a resul has shu•m an oper￿Ing surplus over Ihe 12-month pewd. In addiix)n, fijnds from the sale of the former ti¥let bb¢k were wived dwN¥J Ihe same perK)d. In￿rne frcrtn admissions. al￿ from sales in the slw. was somewhat down ￿ the prev￿5 year athough tearo(yn s*s ¥we about the same. Income tal(s. Hicluding the effi-popular Bygone Da￿ talks. were li￿eT Ihan in th9 cA￿TeSPOnding per¥Jd last year. Sclmx￿ visits Continue lo popular and sh(A￿d an increase in schookhildren numbets from 424 in Pl 2.023r24 to 654 In FY 2024r25 - in no small part due to the eff<)rts of the Edu¢atK)n Team and its enthusiaslic team of volunteers. As in pre¥iou5 seats. have seen a jump in light and healing ￿sts and. while gune unti costs lTrve fallen a lftik since tast year, this has not resulied in k)wer overall costs. Tttis is partty explamed by the to mainlain hum1dity1tetnperatu￿ levels within Ihe museum buikling wilhin prescribed limits in der to l)ett8f preserve the more delic*e artefacts on disp*. We have yet to iinplement tho rec(xnmendati(ms c<)nlained in the West of EFvJland CombFned Authoriiy Rer￿rt on potential energy and cathn savings but l¥)pe lo do so vrt￿ human, and financial, ￿soUrceS all￿. Insurance costs have also 15sen a reydluabon of the buikjing and some of the artefacts. We have continued to carry out regular Maintenar￿, ¥KJ ￿rne essent￿[ repairs. io the Grade 2 li¥twJ buildry and ex￿t, ￿ the P< 202&26. to Ca￿Y (xrt redecorating vA)Tk to the western gable erKI of the building. The value of the Museum's irtrvestment portfofK) has. again, Sh(Y￿ an incftsse in the FY 2024.25. and is around £9,000 hKJher than the c£¥responding f¥Jure last sEar. However, wth uncertainty aga. n fikety to aff￿1 markets in the comin9 year the Trustees will conlinu8 to monitor and conduct regular reviws os the museum's investmerts with our financial adviser and make changes when deemed ￿￿¥￿ary. The TFUStees do IMA ex￿1 to wfthdM¥ ￿Y money ftLYn the museum's inves1m￿lS in the coming As in Prev￿ yea￿. the Museum has benefrtted from a number of bequests and swIf￿arrt donations vthich will enable improvements to be made in the Museum over the coming years. One such donakn will enable essential rep* VK>rks to be carried out to ttE Market Hall clod( which has not been w0￿1n9 for S￿￿e years. Sadly. we have to le￿rt Ihat Ihe wogramme of Communty Cafes Clos￿ a the ernl rk March 2025 due to a lad( of av*bk f￿￿Ing. This prcgrrne had been fvnded by a want from St Jolin's FOu¥Klat￿ to Seffib￿ 2024. and from our resourc￿ from that date to the end ol March 2025. Radstock Museum Chaimian's Report For the Year endlng 31 March 2025 The Board of Trustees has seen one Trustee stand down during the financial year and has recruited one additional Trustee who brings valuable skills to the Board. This means that we currently have seven Trustees although we are on notice that Trustees will be standing down at the next AGM. We continue to seek new Trustees by word of mouth, and by advertising in local journals and online platforms. The Trustees are pleased to report that the museum's level of current cash assets exceeds the stated aim of mainlaining 8-12 months of budgeted expenditure and, overall, are satisfied that the museum is meeting 811 its objectives,. is in a sound financial position and is able to weather th8 economic challenges of the coming year. .Ae Chair Radstock Museum 04 August 2025 Page 4 Radstock Museum Registered number. Chanly numbgr: 1151573 Report of the Trustees For the year eThllng 31 March 2025 The trust￿ vtho are th directors of the tharty forthe purposes of the Cc¥npantes Act 2006. present their re[y￿1 wth the financial statements of the charity for the year ended 31 March 2025. Oblectives ana actrtties The c4Jmpanls objects and principal ￿hvit￿S are in the fidd of trE advancement of edvcalion of the publiG in the fcol area by the Provision of a museum of local artefacts and other kems of or Publ￿ inte￿t and suppth'ng the Ch￿itable athvrties of Radstock MKJsfxnef Norton and S*nKture, Governance and Alanagement The chanty is controlled by its sK>veming document. a deed of tn￿t. and ￿nStituteS a limrted comparry. limited by guarantee, as defmed by the Companies Acl 20LI8. Urthr the requirern￿ti of the Memornndum and ArlKles 0fASsttiat￿ the membefs of Ihe board of tfustees are elected to Serve at Annual General Ileeling. Achievement and PerfonKance The ReFth of the Chairman is set out on p*3e 3. Financlal Revlew Pr¢nc&pal fimding SOU￿ Income is geneyaled by entrance fees and kndraising trading and is supported by voluntary grants The investment strategy is to aim for medium teffn growth. lnveStr￿rrts. *thich bek>ng lo Radstuck Museum. *e managed by Oliver Financial Plann￿￿. tt is not intendtsj to encash investments wthin next I￿￿n(JaI year. Reserves Policy The trustees have e5ta)lished a policy th8t unrestrthd funds not c￿nrnrt￿ or invested in tang￿18 fixed assets hakl by the Gharity shou>3 be no less than 6 months and no moTe than 12 months of the budgeted expendDIuTe. At this levd they feel Ihat they W¢￿Id be able to conlinue the currenl ac*FVtIi&s cl the dwTity in the event of a s¥gnifKant drop in incomsry resour￿ whilst providing the necessary Iwne to atrange for the collethn trwed in the Museum to be safeguaTded. In addition the Trustees will mainlain a deS￿nated fund of £60.000 whKh is hdd againsl requirement to undertake maJoT Drft on the StftKi￿ of the h¢stsic Gf8de 2 list￿j build4ng in whKh the Museum is housed. Page 5 Radstock Museum Registered number: Charity number: 03094854 1151573 Report of the Trustees For the year ending 31 March 2025 Reference and Administrative Details Registered Company number 03094854 (England and Wales) Registered Charity number 1151573 Registered office Radstock Museum Waterloo Road Radstock BA3 3EP Tmstees S N Carter Ms J Britton Mr M J Crocker Mr L Eyles MrJSDeBeer MrDSHart Ms L K Morgan Mr R K Taylor Interim ChairlFacilitator (resigned.. 3rd October 2024) (appointed: 7th February 2025) Company Secretary Mr M J Crocker Independent Examiner Katy Gooding FCA Gooding Accounts Ltd Holloway House White Horse Business Park Epsom Square Trowbridge Wiltshire BA14 OXG Solicitors Thatcher & Hallam Island House Midsomer Norton Radstock BA3 2HJ Independent Financial Advisers Oliver Financial Planning 98 Bay Tree Road Bath BA16NF Page 6 Radstock IAuseum Chaiity number. 1151573 Report of the Trustees Forthè year entjlng 31 March 2025 Unity Tntst Bank P Nine Brirrtlley Place BirmiNJham B12HB L Eyle3 N Tumer Curatorial Advtser sc R Tay Tntstees. *esN>nsibilitl•s In relation to the fknancial statemonts The Irustees (vh¥) are also directors of the c51 aity for the purposes of oynpany law) are r&p(Msible for preparing the Trustees, Annual Rewt and the finarKial stateri. ents in accordance w.th applicable law and united Kin•l￿n Acmjnting Standards (UK G￿ra￿ty Accepted AccountrrfJ Pi&tiC8). Company law requires the trustee3 to prepare fi'nancial statements for each financial year. ￿1¢h gNe a true and fair state of affrdirs of the ¢harital)le r￿panY and of tIE inc(￿1￿9 res￿￿ 8pplicatDn of resources. including the income and experKliture, of the charitable c(ffipanyfor that period. In pwn9 these fina￿￿1 statemenls. Ihe tFU5tees are required to: . select suitable ￿ountIng pthies aK¥J then them consistaty. obserft the melhods and princip*s in the Chaiities SORP,. . rn*e judgements ar¥J estqnth that afe reasonable and prudent," . state WI￿er applicable UKAccourtlng Standards have b￿n f(AkMd, subiecl to any maierial departures dixlosed arKI expl•ned in the thancBI s&2teirRnts: prepare the ftt)8naal statements on Ihe going con￿rn bas￿ unless bt is inappyopiiate to presume that the chafitable company wll continue M operaljon. Page 7 1151513 Forth• yw•ndhvJ 31 IAarch 2026 In $0 tsr as fv trwle85 are at the line d 8Ky(P4ifKd (wrlnth, anni￿• repo on h behalty. ,I,e S N Ca¢*r. Tft*ee Radstock Museum For the year ended 31 March 2025 EXAMINER'S REPORT Independent Examiner's Report to the Directors of Radstock Museum This report on the financial statements of the Company for the year ended 31 March 2025, which are set out on pages 3 to 20, is in respect of an examination carried out in accordance with s.145 of the Charities Act 2011, Respective responsibilities of the PCC and examiner As the charity's Directors you are responsible for the preparation of the financial statements,. you consider that the audit requirement of Regulations and s.145 of the Charities Act 2011 do not apply. 11 is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations. Basis of this report My examination was carried out in accordance with the General Directions given by the Charity Commission under s.145(5) (bl of the Charities Act 2011. That examination includes a review of the accounting records kept by the charity and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements 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) Vvhich gtves me reasonable cause to believe that in any material respect, the requirements to keep accounting records in accordan￿ with section 130 of the Charities Act 2011 and S386 of the Companies Act 2006 to prepare financial statements, which accord with the accounting records and comply with the requirements of the Charities Act 2011 and Regulations, and S396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice.. Accounting and Reporting by Charities have not been met., or (2) to which, in my opinion, attentions should be drawn in order to enable a proper understanding of the accounts to be reached. 18 August 2025 Name of Principal Name of firm Relevant professional qualification or body Address.. Katy Gooding FCA Gooding Accounts Ltd ICAEW Holloway House, White Horse Business Park Epsom Square, Trowbridge, BA14 OXG Page 9 Radstock Museum Statement of Flnancial Actlvrtles for the year ended 31 March 2025 Unrestrlcted Restricted Total Funds Tolal Funds Funds Funds 2025 2024 Incorno: Donal#)ns and legacies 83.244 93,094 12,732 Income from eharftable actNrties 3.760 3,760 13.066 Other trading activities 31.690 <950) 30.740 33,432 Investment incom• Total in¢ome 114,934 127,594 59.718 Expenditurn Rai$ll￿ fur Charitable activrties 6.384 63.939 34,529 29.410 80,699 Tolal expenditure 40.913 70.323 Net income 74,021 (16.750) 57,271 (27.583) Gains on inveslment assets 8,804 11,153 Net movement in funds 82,825 (16.750) 66.075 (16A30) Re¢onciliatk•n of funds Total Funds brought forward 180.241 671,999 852,240 868,670 Total Fundg canled forwavd 263 066 055,249 918.315 851240 Page 10 a8 at 31 Mvch 2026 Tangble assets 839.189 121,219 854.219 112.415 7££￿34 5.170 147.877 75.585 8$.406 Crndltorn. ar*7unls falllng du• *lihin one ywr (523) {3000) 918,315 852240 11 180,241 671.999 855.249 T4*1 Funds 91 852 240 uTrJer 47T crf tho Companies Ad 2(ffi. The ac￿A￿lS Iwde téon pr4Jwed ffi the pro￿￿Th in Part15 ofthe crynp8nN￿ Acl Inlrn P&a*11 Radstock Museum Statement of Cash Flows for the year ended 31 Alarch 2026 2025 12 72292 Net Increase In cash (13.562) Cash at a)d in hend less overdrats at 1 April 75,585 89.147 Cash at Imnk and In handle￿ overdrnfts at 31 March 147877 75 585 Consisting ot. Cash at bank sr#l in hand 147.877 147.877 75.585 75.585 PaJe 12 Radstock Museum Notes to the Accounts for the yeai ended 31 March 2026 1 Principle acu>unting pollcios The principal acix)unts"ng wlicies adopted in the prqKration of the financial statemerL8 are set ). the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Ccrtnpanie5 Acl 20C6. FundAccounts"xg Unrestrthj funds are a¥aftab￿ for use atthe disudKin of the trustees in furtheraTKe ol the ge￿ra obiedives of the charty. D￿na￿a funds are unrestric￿1 funds earnwked by the Management committ￿ foT partr￿lar Restrthd Funds are 8utiiectetl to restrickns on ex5￿drtU￿ impc6ed by donor or [hT￿igh the terms of an appeal. All inwrDing resourtes are induded in the statement of financial 8CtIvit￿ when the charty is specrfr pdKies a￿ applied to wbcular Categ￿ of incom vO￿ntsry income is receive(I by Way of grants. donations aTrJ gifts and is included in full in tr s1atw￿nt of Fina￿tal Actith reCeiv￿e. Grants. where entftthert is nc* corKlil￿nal on Ur￿nditIOnalty entRled lo the gfanl. Don* S9rV￿ and faciliw are included at ￿luB to the chanty Ythere thi5 can be quantifiwj. The walue of serwces pr￿d by wlunteers has not been W￿uded in these ac£ounls. InNestment fftc(Kne 15 irtludad yA)w reCeI￿ble. InccmiTrJ ie50urces fr￿￿ charitable tr&ling xbvdy atE *counbJ for yknen eamed. acc￿￿ for as the charity earns the rvJht to Consideration by its perf0m￿nce. Page 13 Radstock PAUSe￿n Notes to the Accounts for the year ended 31 March 2026 Expenditu￿ is recognise(l on an accnAI b8s"Js as a fthility is incuThed. Expenrfrture I￿1(KIeS ary VAT whKh cannot be rec0vw￿. CharilablB expenditu￿ (xrfnprms those cA)sts Ir￿rred ty the (tssty in the delivery of rts 8ctivRies iequiremerts of the charity and include the examinees fee4 and costs linked lothe stratejic All costs are alh)¢aied between the expthjiture categories of the SOFA on a basis dwned to rellect the use of the res(wrce. Costs relating to a particular activty are allocated dir&*, Lthers are apKk%￿ on an wropTi*e basis. D¥recAaiion is pYo¥¥tsl al ts folbmrw annual Rte8 in OErler to vffite off e￿h asset over its e&llI￿ed useful life. Freehobj property Fixtures and equiixnent Fixtures and frttings - 1.5% on cost . 15% on ￿UcIng ￿arKe - 5% on ￿d{KIng balance D¢piecotKm is not Pfovxled cm Ihe land dement of freehold p￿)erty. yalLKI * £I00.(XK). Stocks are valued at the cost and net realisable value. after making dL* ￿k￿a￿ for obsolets and SI￿ moving item& Ftmd accounang Unrestrithd funds can be u8ed in xcordwKe wrth the charrtable ￿j.ed1ves at the discretion of the Restrx*uJ funds (an only be u*d for parts"cul￿ r83trthd purp08es wfthin the objects of the charity. purposes. Further explan&K)n ol the natwe and purpxe of each fund is included #i the ncrtes lo the fin￿¢•al P¥14 Note5 to the Accounts for the yaar ended 31 March 2026 straWIt kne basis over tho of th81gase. c(Ynpw (¥)erth a defined Contribut#￿ p￿slo￿ scheme. contr￿)￿lon$ are ¢*arged to tt sch￿. 2 Inconio Total 2025 Total 2024 DDnations and lega¢*s 83.244 12.732 83244 12.732 Grarrts 3.760 3,760 13,CE6 Oth•r trading activltles Shop income Tea ro(yn income Entrance fees Journal P￿[1$h11vj Rocffi hire 5,571 4.700 18.161 1.150 121 1.953 5.571 4.700 17.211 1.150 121 6.837 (950) 18.334 1,435 450 1.518 55 Research incLwne 31690￿ 30.740 33A32 Inve8tmenÉ income Totsl Income 12 IZJ.594 Page 15 Radstock Mus•um 14otes to the Accounts for the year ended 31 March 2020 3 Anatys19 ol Ex￿ndItUre Total 2025 Tolal 2024 r￿+ (13,873) 14,356 16.152 46.265 15,054 61.319 2.137 1137 1.894 Tolal ex[w￿l￿re 40913 ￿10 2024 4 Net Incwtel(ExpenditsEre) Net W￿ne1{eXPendltUfè} is staed after charglng: 15.030 15,236 5 Tn*6s' Remunerntlon. bonellts and expens There *re no tn￿tees. ￿￿91￿)n (* tknr ber)efrts for the year ended 31 March 2025 nor for tr* year ended 31 March 2￿24. were no trustees, expenses paid for the year ended 31 March %J25 norfor the yaar wyl￿j 31 8rch 2ff24. 2025 2024 Salaries 24.600 310 24.964 avw ffl(thty numbw of wfiplws du¥iry the year was as fdkms: Pemianent P•3e 16 Notes to the Accounts for the year ended 31 Illarch 2025 6 Tangible Fix￿1 Assets Freehohl Fixtil￿ & prc¥)ety ￿U1pm￿ Fixtures & frth'rrtJs At 1 Awil 2024 and 31 2025 84,302 200.434 1.158.303 At 1 ApriF 2024 Charge the 297.579 11.903 62.141 324 144.264 504.084 15.030 At 31 March 2025 147 167 519 114 Net Book Value At 31 March 2025 53.267 &39.189 At 31 Marth 2024 a5.988 654.219 lftvestments arkntvalue At 1 Apnl 2￿24 112,415 At 31 ma￿ 2025 121219 2025 2024 TTade debtors VAT 426 20 4.937 467 9 Creditorn: amounts fallww du• wahln ono year (41) 214 350 3.292 158 523 3.800 Page 17 Radstock Museum Notes to the Accounts for the year ended 31 March 2025 2025 The folkn¥ing operabng lease payments ar8 cAThmthd to be paid within one ￿r. Expiiing: 408 11 &loveThnt In funds 1st Aprfl R•celved m Ixlllsed In Balance 31<< Plarch year year transfws 2025 UnTrstrKtod lunds Grade 2 Lsted buildi￿ refvrbishm￿tt 60.0(N) Genwal Fund 120.241 123.737 (40.912) 203.rA6 180241 123.737 40.912) Freehokl land F*ehokl building¥ Fixiures and equipnwnt Fixtures and fftlings 100.000 495.980 252 45,128 11JO,000 484.077 158 42,TlO {11,903) {94) {2.358) Wessex Somervalley Frthjs of R&Sstoth Museum Wesblekl Parish c￿n¢41 St Johns Thatcher & Hall PAidsomer Norton ts Shop inc