Registered number 03094854 Radstock Museum Report of the Trustees and unaudited Financial Statements 31 March 2026 Charity number.. 11 $1573
Radstock Museum Report and financial statewnents Contents Page Chairman's report Report ol the trustees Independent examinei's report Statement of financial activities Balance sheet 12 Statement of cash flows Notes to the financial slalemenls Detailed statement of financial activities 22-23
Radstock Museum Chair's Report For the Year ending 31 March 2026 FY 2025J26 has been a challenging year for the museum with ViSTtor numbers for the year down by about 4001100A1 leading lo income from admissions and in the tearoom lower than in the previous year. Despite that, income from shop sales was marginally up on last year The Education Team has continued ils busy progiamme of school visils wf(h over 500 children from the surrounding area visiting the museum over the course of the year. The Team has also sel up, and run, numerous trails for children visrting the mLJseum during school holidays wfch small prizes for those who participated The Board of Trustees are grateful lo the volunteers In the Education Tearn who give their time for the benefrt of children in Dur area. We have also received Income from talks organised by volunleers as part of a series of historical talks Bygone Days held locally. TopiGS have included.. The Rise and Fall of Local Pubs.. Follow the Plough." Music of the Somersel Coalfield,. the 200th Anniversary of the former Stockton lo Darlinglon Railway. From Carting Boy lo Area Manager and Bath between the Wars The talks have been well attended and have raised valuable funds for the museum. Again. grateful thanks to the volunteers who organise and run these talks through the colder winter fftonlhs. As In previous years. the museum has benefited from a number of one-off. and regular, donations which have made a valuable contribution lo the operational Costs of running the museum as well as enabling us lo ¢urale exhibitions for the benefit of visitors and volunteers alike. During FY 2025126 the Exhibition Team has curated two displays". Somersel Miners Welfare and Health Care lin collaboration with the Bath Medical Museum)." and Music of the Somersel Coalfield three Centuries of local music making, which featured, as an exhibit, the rarely seen musical instrument called a Serpent. Thanks to the Exhibition Team for their efforts. Management costs are higher than in the previous financial year despite savings made following the closure of the Communty Cafes programme last year. While energy costs were lower than in the previous financial year, we are likely to see a rise in unit costs in the coming year as fixed rale laTiffs come lo an end and are renewed. On the positive side, our investment portfolio has ¢ontinued lo perform well. showing an increase ol £17,753 114.650/01 compared lo last year. The Board of Trustees, with advice from our Independent Financial Adviser, will conlinije lo monitor the performance ol our investments given on-going, volatile, market condrtions and. while il is Irnpossible to accurately predict m8rket performance, will act on recommendations frDrN our Financial Adviser, where these are given The Trustees do not expect lo withdraw any money from the Museum's investments In the comin9 year. As reported previously. we benefited from 2 substantial legacy in FY 2024125 and have used some of this for essential repairs and redecoration of the wesl gable end ol the building. This has much improved thè appearance ol this Grade 2 Iisled building. and we remain Indebted to the generosity of the donor who has made this possible. Expendrture on repairs and maintenance are likely lo be high again in the coming year when we implement 8 number of recommenijalions ar15illg from a recently commissioned Fire Risk Assessment and Fire Door Inspection Report. Pagè 3
Radstock Museum Chair's Report For the Year ending 31 March 2026 In leims ol grants reGeivd, we are pleased to report th81 we have received the final inslalment of a grant from AIMIPilgrim Trust which. together with funding recewed from ROSH and the Radslock Museum Society in previous years, has enabled us lo complete the restoration of the Coleford SLJnday School Banner Work is now undetway on a new museum display for this unique artefacl depicting religious Ille on the coalfield wrth further fLJnding to be provided by the Museum SletY In addrtion, the Trustees have committed £5000 from our own resources lo ensure that this important artefact is available for public viewing al the earliest opportijnity. We 8re also grateful lo Rad5tock Town Council who, again, sponsored our Christmas event al the mLJseum timed lo coincide wrth the switching on of the RadslDck Christmas lights. Conservation of another recently acquired artefact. a 17th century Somersel Map which was originally part of an atlas of English Counties, drawn up by Dutch cartographer Joan (Johannesl Blaeu, has also been Gompleted wrfth fLJnding provided by a generous gift from the estate ol Timothy Hughes. The museum's or1ginal late Victorian tower clock was also put back into working order during this year, funded by 2 generous donation received last year from local resident Terry Fi5hei Further works are planned to add an auto winding mechanisrn. The 8oard of Trustees has seen Trustee5 sland down during the financial year. Mark Crocker was on the board for four years, the last three as Company Se¢retary, and was an invaluable and indefatigable member of the team. Linda Morgan, who joined us in 2024, brought valuable experience in volunteer run front of house operations. Both are missed. While the mLJseum is capably managed by our existing Manager, Nick Turner, this has meant that the five remaining Iruslees have assLJmed greatèr responsibility for the day lo day running of the museum. This is of concern lo the Board of Trustees and. while efforts have continued lo re¢rurt suitable candidates by word of rnoulh, and by advertising in local journals and online platform5, thi5 has not yet yielded any results. We have also found it difficult to attract new volunteers and, while existing volunteers are continuing to ably support the museum, we occasionally find it difficuK to find enough volunteers to staff the museurn safely when il is open. As a result we made the difficult dècision not to open the museum on Sundays in the short term We hope that this srtualion will resolve Itse during the Coming financial year. The Trustees are pleased lo report that the museum's level of current cash assets exceeds the stated aim of maintaining 6-12 months of budgeted expenditure and, overall, are satisfied that the museum is meeting all its objectives." 15 In a sound financial position and is able lo weather the economic challenges of the coming year. As the financial year drew lo a close, we finally received our much anticipated invitation from Arts Council England to apply to renew our status as an Accredited Museum, which should be completed during the 2026127 FY Maintaining our accredrtalion 15 important not just to demonstrate our professionalism but also to give us access to a range of museum grants and other support opportunities. Finally, I musl acknowledge the dedicated hard work of Nick Turner. our manager/curator and the selfless involvément of Dur loyal Volunteers. Wilhoul their support and Input as guides, front dèsk, shop, tea-room, documenlalion. education, finance, fund-raising. press-liaison and IT staff. the Musèum just could not fLJnction as il does. Page 4
Radgtock Museum halr'8 R•port Por th• Yoar 31 Mareh 2026 othBnkstoSlmon Coflervtho siood as Gh8lr In Novèmbor2025 hwlngtsken on the rcle on an ntertm b8918 follrybngthe UnmeLY de8th ot Nlck H8U In 2021. Slmon led u8tttrou8h o nLJmb&rof ¢hall8nging1&8UèS 8nd I w8gv8rywÈfuLthot hbÈ 6greed w Bray ort 8$ atmst88 to help me my teot in tno roLe. J8ckl Qritton Chali Rad8toc Museum 3Auwot2026 Pag& 5
Radstock Museum Registered number.. Charity number.. 03094854 1151573 Report of the Trustees For the year ending 31 March 2026 The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity lor the ye8r ended 31 March 2026 Objectives and activities Objectives and aims The company s objects and principal activities are In the field Df the a(Jvancement of education of the public in the local area by the pmvision ol a museum ol local artefacts and other Items of historic or public interest and supporting the charitable activities of Radslock Midsomer Norton and District Museum Society. Structure, Governance and Management Governing document The charity 15 corilrolled by ils governing document, a deed of trust, and constitutes a limiled company, limited by guarantee. as defined by the Companies Act 2006. Recruitmtnt and appointment of new trustees Under the requirements of the Memoiandum and Articles ol Association the members of the board of trustees are elected lo serve at the AnnLJal General Meeting. Achievement and Performance Charitable activitie5 The Chair's Report is set out on pages 3 to 5 Financial Review Principal funding source5 Income is generated by èntrance fees and fundraising trading and is supported by voluntary grants and donations. Investmentpolicy and objectivos The investment strategy Is to aim for medium term 9rowth. Investments. which belong to Radslock Museum, are rnanagerj by Oliver Financial Planning It is not intended lo enca5h investments within the next financial year Reserves Policy The Iruslees have established a policy that unrestricted funds not CoMrtted or invested in tangible fixed a55els held by the charity should be no less than 6 months and no more than 12 months of the budgeted expenditure. At this level they feel that they woijld be able to continue the current activities of the charity in the event of a significant drop In Incoming resources whilst providing the necessary time to arrange for the collection housed In the Museum to be safeguarded In addition the Trustees will maintain 3 designatéd fund of £60,000 which is held a9ainsl the requirement to undertake major work on the structure of the historic Grade 2 listed building In wh1ch the Museum Is housed. Page 6
Radstock Museum RegiSted number.. Charity number.. 03094854 1151S73 Report of the Trustees For the year ending 31 March 2026 Reference and Administrative Details Registered Company number 03094854 (England and Walès) Registered Charity number 1151573 Registered office Radstock Museum Waterloo Road Radslock BA3 3EP Trustees Ms J Britton S N Carter Mr M J Crocker Mr L Eyles MrJSDeBeer Ms L K Morgan Mr R K Taylor Appointed Chair 10th November 2025 Stood down as Intenm ChairlFacililator 10th November 2025 Resigned 10th November 2025 Resigned 9th October 2025 Company Secretsry Mr M J Crocker Mr R K Taylor Resigned 10th Noverllbér 2025 Appointed 10th November 2025 Independent ExBminer Katy Gooding FCA Gooding Accounts Ltd Holloway House Epson Square While Horse Business Park Trowbridge BA14 OXG Solicitors Thal¢her & Hallam Island House Midsomer Norton Radslock BA3 2HJ Independent Flnancial Advisers Oliver Financial Planning 98 Bay Tree Road Bath 8A16NF Page 7
Rad5tock Museum Registered number: CharÈty number: 03094854 1151573 Report of the Trustees For the year ending 31 March 2026 Bankers Unty Trust Bank PIC Nine Brindley Place Birmingham Treasurer L Eyles Manager N Turller Curatorlal Adviser S Clews Arehitectural Adviser R Taylor Trustees, responslbllltles In relatlon to the financial statemènts The Iruslees (who are also dire¢lors ol the charity for the purposes of company lawl ale responsible for piepèring the Tru51ees' Annual Report and the financial statements In accordance with applicable law and United Kingdom Accounting Standards IUK Generally Accepted Accounting Praclicel. Company law requires the trustees lo prepare financial slalemenls for each financial year, whi¢h give a true and lair view of the slate ol affairs tsf the charitable company and of the Incoming resources and application of resources, Including the income and expenditure, ol the charitable company for that period In preparing these financial slalemenls. the Iruslees are required lo.. select suiiable accounting policies and then apply them consistently, observe the rnethod5 and principles In the Chaiities SORP., make judgements and eslirnates that are reasonable and prudent., stale whether applicable UK Accounting Standards have been followed. subject lo any material departures disclosed and explained In the financial statements", prepare the financial statement5 c>n the going concern basis unless il is inappropriate lo presume that the charitable company will continue in operation. Page 8
Radstock Museum R•olstor•d numbèr- h¥rlty mvmbèr: 03094854 1151573 Report of the Trustees For lh¢ yèar ¢ndlng 31 March 2026 Th¢ tnjsiees gre k)nbIg lor ka8ping aOaquat8 acrthftts.ng reccKds thai dis¢1ry98 WAth reasonaLI8 accuracy al any lime Ihe finanrAal post ol the tharitable company and enabk thern to ensuffj that finandal siatoments compty th the CompAn*s Act 2006. They 8re also responsIe for safeguarling the assets of Ihe tharilable company aTrd hance for taking r8a30nable steps fvr tho pr9vefitn and deiection olfraud and other iNeguladties. ststèm•nt •$ to dlselostsr• to our Indep•ndent Examlners In so f&r 8s the Intslees are aw8re ot the tirne ol appng OUT trustees. annu rey)rt-. Ihgre is no relevant infomation. being information needed by the examiner in conneclion ParIng theii report. ofwhich th8 charitabl& companls examiner Is unaware.. and the trustees have tsken 8H steps that they oughl to have taken lo make thenfveS aware of any iel6vant inlormalion and to estabh'sh trot tho exam1nèr is awaTe of th81 inlorrnation. Th15 report has been prepared in accordance with the Statem&nt of R8uJmmended Practir- Accounting anQ RwTling by Chariii88. Approved by grder of fv ixjard of trustges un. 3Au L/7& 2uz6 and signed on its behaK by. Jackiè Brittc Pagè 9
Radstock Museum EXAMINER'S REPORT Independent Examiner's Report lo the Directors of Radslock Museum This report on the financial statements ol the Company for the year ended 31 March 2026, which are set out on pages 3 to 21, is in respect of an examinalion carried out in accordance with s.145 of the Charities Act 2011. Pesptsv+ivD rr*onnnqihllltlp8 of the PCC and examlner As the charity's Directors you are responsible for the preparation of the financial 51alemenls, 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 Ih05e financial statement5 in accordance wlh the terms of the Regulation5. Basi5 of this report My examination was carried out in accordance fj1h the General Directions given by the Charity Commission under s 145151 Ibl of the Charities Act 2011. That examination Includes a review of the accounting records kept by the charty and a comparison ol the accoLJnts wlh those records. It also includes considering any unLJsual Items or disclosures In the financial statements and seeking explanaliDns from you as trustees concerning any SLJch matters The procedures undertaken do not provide all the evidence that would be required in an autjit. and consequently I do nDt expre55 audit upiniDn the view given by the acGOUnt5 Independent examiner's statement In connection wth my examination, no Tnatter ha5 Gome to my attention." VVhi¢h gives me reasoriable cause to believe that in any material respect, the requirements to keep accounting records in accordance with section 130 01 the Charities Act 2011 and S386 of the Companies Acl 2006 to prepare financial slalemenls. which accord with the accounting re¢ords and Comply with the requirements ol the Charities Act 2011 and Regulations, and $396 of the Companies Act 2006 and th the melhocls and prin¢iples of the Statèment Df Recommended Practice. Accounting and Reporting by Charities have not been met, or to which. in my opinion, attentions should be drawn In order to enable a proper understanding ol the accounts to be reached. hfv Name of Principal. Katy Gooding FCA Gooding Accounts Ltd ICAEW Nam8 of fimi: Rel¥vant professional qualification or body: Addre55'. Holloway House. Vvhile Horse Business Park Epsom Square, Trowbridge, BA14 OXG Page 1
Radstock Museurn ststernent of Financial Activities for the year ènded 31 March 2026 Notes UnrEStrieted Restricted Total Funds Fund5 Funds 2026 Income.. Donatio& and legacies Income from charitabltr a¢twities Othèr trading activities Investment in¢om 5,829 5.829 2.500 29.468 514 2500 29.458 514 Total in¢¢me 2500 38.311 Exptrrtdlture Raising lunds 5,583 5.583 19,794 Total expDndlture 66.904 19,794 86,698 N•1 incomel (ExndIturl G8ins on Inv9Stmeni assets Tr8nsfers bét%%een funds 17.753 1,250 17,7$3 Nel rnovement ID tund9 If2.0901 118,5441 130.6341 Reconciliation of fund¥ Total Funds brought fotward 2fj3,066 655.249 Total Funds corriÈd lorward 250.976 636 705 887 681 Compardtivt statemenl of Financial Activitiès for the ye8[ endèd 31 March 2025 Notes Unre5tiiCted Re¥trirtsd Total Funds Funds Funds 2025 Incomè.. Do1105 and 12gaeies In¢ome from rharltable activiti&S Oth¢1 trading 4ftl¥itles Investmont Incoffle 83.244 9,850 3,760 93,og4 3.760 30,740 31.690 127594 Expenditurfr 6.2B4 34.529 6,384 63.939 29,410 Total expenditure 40.813 29410 70.223 Net Incomell?xponditure} Gains on Investment assets Tran51ers bètween fuads Net Movèment In funds 74.021 8.B04 57.271 8.804 82.825 66,075 RerorttillatioD of fullds TDt21 Funds brouoht 180 241 671 999 B52.240 Total Fun¢Js ¢arried forw8rd 263 066 55 249 15 Page11
Radstock Mu5•um Balance Sheet as at 31 March 2026 2026 2025 Fixed a55ets Tarngiblé assats Investments 624.347 138.972 639.188 121.219 763.319 760.408 Current ass¢ts g?A 5170 5.424 147,8TT 158.471 Oebtors Cash at bank ènd in hand 6,129 115,175 125,532 Creditors.. amD41nt$ Idling dug vAthln one year 15841 Net eurrnnt aBset# 124,362 157.907 Total a880ts 1888 Currgnt Ilabllltl85 887.681 918.315 NDt as59ts 887.681 918,315 Funds 11 Unre51ricted funds Reslricled funds 250.976 636.705 263.066 655,249 T•lal Funds 887.681 918,315 The ttystetss are satsfied thal the compsfty is entthd lo exemptw)n frfm the wuirement to obtsin 8n Audll under se¢tion 477 of Ihe Compènles A¢t 20. The membe¥¥ heve rt required the to obtsth ¥n audit in acc(Kdance wlth 5edlon 476 of the Act. The directorsltruslees èdLntrMe&Jè Ihelr reSPbIrtleS lor Com1An9 With rtsguirem8nts of the Cornp&nies Act 2006 with respect to acwunthng reuKds weparation of accounts. The accounts have been prepared in acCOrdar vtith Ihe provisKtt)s in PBrt 15 of the C(Mnpanies Act 2006 aprAic8b to companies subject to the small comp3ni8s r8oime. These financial statements were spproved by he Trustees on.. 3 A. L)0. .L.oz6 On b8half of th8 TnJste8S Signatur8 Name jack BrfftDn PDsltitYTr Chalr Pagg 12
Radstock Museum Statement of Cash Flows for the year ended 31 March 2026 Notes 2026 2025 Cash used In operating activities 12 133.2171 72.292 Cash inflow from investment activities 514 Net Increase in cash 132,7031 72,292 Cash at bank and in hand less overdrafts at 1 April 147,877 75,585 Cash at bank and In hand less overdrafts at 31 March 115,175 147,877 Consisting of.. Cash at bank and in hand 115,175 115,175 147,877 147,877 Page 13
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 1 Principle accounting policies The principal ac¢ounting policies adopted in Ihe preparation of the financial slalemenls are sel out below. Basls ofpreparntyon The financial statements have been prepared in accordance with Accounting and Reporting By Ch8rilies.' Statement of Recommended Pra¢li¢e applicable to charities prepariF)g their accounts in accor(Jance witn Ine trinanciai k(eponing JlaiiQalU Ill liir LiK arid Rep([ vi Iieland IFRS1021 (effective 1 January 20191 (Charities SORP IFRS 10211. the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the CompJniÈs Act 2006 Fund Accounting Unrestricted funds are available for Ljse at the discretion of the trustees in furtherance of the general obieelives ol the Charity. Designated funds are LJnrestrict8d funds eamiarked by the Management Committee for particular purposes. Reslricted Funds are subjected lo reStr110nS on their expenditure imposed by the donor or through the leims ol an appeal Incoming Resources All Incoming re50uices are included In the statement ol financi31 activitiès whèn the Charity is enlilled lo the Income and the amount Can be quantified with reasonable accuracy. The following Specific policies are applied Its particular categories of Income Voluntary income is received by way of grants. donations and gifts and is included in fLJII in the Slatemènl ol Financial Activities when receivable. Grants, where enlillement is not conditional on the delivery of a specific performan by the charty, are recognised when the charity becomes unconditionally enlillèd to the grant Donated services and facilitS are Included al the value lo the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable Incoming resources from cttarilable trading aclivrty are accounted for when earned. Incoming resources from grants whgrg relatpd to pgrformance and specrfic deliverabs. are accounted for as the charity earns the right lo consideration by 115 performance Page 14
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 Resources expended Expenditure 15 recognised on an acciual basis as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. Costs of generating funds comprise5 those costs associated with attracting voluntary income and the Costs ol trading tor fundraising purposes Charitablè expenditure comprises those costs incurred by the charty In the delivery ol 115 activities and services for ils beneficiaries 11 Includes both costs that can be allocated directly lo such a¢tivities and those costs of an indirect nature necessary lo support them. Governance costs include those costs associated with meeting Ihe conslilutional and slalutory requirements ol the charrty and include the examinei's lees and costs linked lo the strategic management of the charity. All costs are allocated beeen the expenditure categories of the SOFA on a basis designed lo reflect the usè of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis. Tangible fixed assets Depreciation Is provided al the following annual rates in order lo wrrte off each asset over ils estimated useful life Freehold property Fixtures and equipment Fixtures and fittings 1.5°/o on cost 150/0 on reducing balance 5 /0 on reducing balance Depreciation is not provided on thè land element ol freehold property, valued at £100,000. Stocks Stocks are valued al the lower of c051 and nel iealisable value, after making due allowance for obsolete and slow moving Items. Taxation The company is exempl from corporation lax on ils charitable aclivrties only. Fund accounting Unreslricled funds can be used in accordance with the charitable objectives at the discretion of the Iruslees. Restricted funds can only be used for particular restricted purposes within the objects of the charily RestTiclions arise when specified by Ihe donor or when the funds are r31sed for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the noles lo the financial stalemenls. Page 15
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 Hire purchase and leasing Commitments Rentals paid under operating leases are chaiged lo the Slalemenl of Financial Activities on slraighl line ba515 over the period of the lease. Pensions The company operates a defined ¢onlribulion pension scheme. Contributions are charged lo the income and expenditure account as they become payable In accordance with the rules of the 5Gneme. 2 Inrome Unrestricted Restricted Totsl 2026 Total 2025 Donations and legacies Donations 5,829 5,829 93,094 Total donations and legacies 5.829 S.829 93,094 Income from charltable activities Gran15 2,500 2,500 3.760 Total in¢ome from charitable activities 2,500 Other trading activities Shop Incorne Tea room income Entrance fees Journal publishing Room hire Talks service Research incotne 5,629 4.092 15,968 1,201 125 2.345 108 5.629 4.092 15,968 1.201 125 2,345 108 5,571 4,700 17,211 1,150 121 1,953 34 Total other trading activities 29,468 29.468 30,740 Investment income Deposit account interest 514 514 S14 514 Total Income Page 16
Radstock Museurn Notes to the Accounts for the year ended 31 March 2026 3 Analysis of Expenditure Unrestricted Restricted Total 2026 Total 2025 Other trading expenses 5,583 5,583 6.384 Charitable activrties 1,329 14.224 15,553 483 Man3gèmenl sUPPOrt costs 58,309 5,570 63.879 61,319 Governance costs 1.683 1.683 2,137 Total expènditure 66.904 19,794 86,698 70,323 2026 2025 4 Net lncomellExpenditU Net incomellexpendilurel 15 51aled after charging.. Depreei81ion owned asse15 Independent examiner fees Other trperaling leases 14.841 350 15.030 330 408 408 S Trusteès. Remuneration, benefits and &xpenses There were no trusteès, remuneration or other benefits for the year ended 31 March 2026 nor lor the year ended 31 March 2025 There were no trustees, expenses paid for the year ended 31 March 2026 nor lor thé year ended 31 March 2025. Staff costs 2026 2025 Gross wages Employers National Insuran Pension contributions 16.704 24,600 310 24,964 The average monthly number ol employees during the year was as follows.. Peimanenl No employees received emoluments in excgss of £60,000. The key management peisonnel of the Charity comprisè the General Manager and the trustees. Total remuneration paid to key management personnel was £16,70412025 £24,600). Page 17
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 6 Tangible Fixed Assets Freehold property Fixtures & equipment Fixtures & iittings Totals Cost Al 1 April 2025 and 31 March 2026 893,567 64.302 200 434 1,158,303 Depreclatlon Al 1 April 2025 Charge lor the year 309,483 11,903 62,465 275 147.167 2.663 519,115 14,841 At 31 March 2026 321,386 62,740 149.830 533,958 Net Book Value Al 31 March 2026 572.181 1,562 50,604 624.347 Al 31 March 2025 584.084 1,837 53,267 639,188 7 Fixad Asset Investments Listed Investments Market Value Al 1 April 2025 121,219 Revaluation 17,753 Al 31 March 2026 138.972 Fixed asset Inve51menls iepiesenl long lerrn funds held In Aègon managed by Oliver Financial Planning, 98 Bay Tree Road, Bath, BAI 6NF 8 Debtors 2026 2025 Trade debtors Othèr debtors VAT Prepayments and arUed Income 571 426 41 20 4.937 312 5,246 5,424 Page 18
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 9 Creditors.. amounts falling due within one year Trade creditors Social security and other taxes AGGrued expenses 425 395 350 214 350 1.170 564 10 Operating Leas• Cornmitrnents 2026 2025 The following operating lease payments are committed to be paid within one year.. Expiring". Between one and five years 408 408 Page 19
Rad$to¢k Museum Notes lo the Accounts for the year ended 31 March 2026 11 Movement in funds 1st April Received in 2025 year utilised in year Balance 31st March transfers 2026 Unrestricled funds Designated funds IdJ¢ L LlStèd Uuildir,g ref nnnn 60,000 General Fund 203.066 53,564 166.9051 1,250 190,976 263,066 53.564 166.9051 1,250 250,976 Re5triGted funds Freehold land Freèhold buildings Fixtures and equiprllenl Fixtures and fittings 100,000 484.077 158 42,770 100.000 472.174 78 40,530 111,9031 1801 12,2401 Wessex Somer Valley Friends of Radslock Museum Wesffield Parish Council ThalGher & Hallam Mic#somer Norton town council Big Local Fund - Night Silencing CoQp Radco Radslock Town Council arkei Fisher Swift Hughes AIM 266 337 573 327 803 360 221 2,469 1.725 950 4.850 9.850 3,790 3.724 12,0001 266 337 573 327 803 360 221 2.469 1.725 19501 4.850 4.780 3.790 3.224 200 15.0701 15001 2,500 13001 655,249 2,500 19.794 1.250 636,705 Page 20
Radstock Museum Notes to the Accounts for the year ended 31 March 2026 12 Reconciliation of net movement in funds to net cash flow from operating activities 2026 2025 Net Movement in funds 130,6341 66,075 Adjustments for". Depreciation Movements on investment Interest received IlncreasellDecrease in Stock Iln¢reasellDe¢rease In debtors IncreasellDecreasel in creditors 14,841 117.7521 15141 943 17061 605 15,030 18,8031 318 2,909 13,2371 Net Cash used in operating activities 33,2171 72,292 13 Related party disclosures There were no related party transactions for the year ended 31st March 2026. 14 Analysis of Net Assets betsveen funds Current financial year 2026 Unrestricted Restricted Total Tangible Fixed Assets 11,565 612.782 624,347 Investments 138,972 138,972 Current Assets 101.609 23.923 125,532 Current Liabilrties 11,1701 11,1701 Total Net Assets 250,976 636,705 887,681 Prior Financial Year comparative 2025 Unrestrlcted Restricted Total Tangible Fixed Assets 12,184 627.005 639.189 Investments 121,219 121,219 Current Assets 130.226 28,245 158,471 Current Liabilities 15641 15641 Total Net Assets 263 065 655,250 918,315 Page 21
Radstock Museum Detailed Statement of Financial Activities for the year ended 31 March 2026 2026 2025 Income and Endowments Donations and legacie5 Donations Gift aid 3.516 2,313 90,753 2,341 5.829 93,094 Other trading a¢tivities Shop income Tea loom income Entrance fees Journal publishing Room hire Talks service Research income 5,629 4.092 15,968 1,201 125 2,345 108 5,571 4,700 17,211 1,150 121 1,953 34 29,468 30,740 Investment Income Deposit account interest 514 514 Charitable activities Grants received AIM Radslock Mu5eurn Society Radslock Towr) Council 2,500 2,810 950 2.500 3,760 Toial incoming rèsourcès 38.311 127,594 This page does not form part of the slalulory financial slalemenls Page 22
Radstock Museum Detailed Statement of Financial Activities for the year ended 31 March 2026 2026 2025 Expenditure Other trading activities Shop èxpenses Tea room expenses Journal publishing 2,620 2,143 820 3,278 2,391 715 5,583 6,384 Charilable activities Conservation of artefacts Lalld and buildings - depreciation FixlLJres and equipment - d&pr2cialion FixtLJres and fittings - depreciation LossllProfill on sale of fixed assets 712 11,903 275 2,663 632 11,903 324 2,803 115,1791 483 Support costs Management Salaries and wages Leased equipment Water rates Insuranee Light and heal 16,704 408 383 5.4fj4 8,081 24,600 408 382 4,130 9,170 F li Tèlephone and in12rnel Post. printing and stationery Advertising and marketing Sundries Rep8irs and Tnaintenance Exhibition costs Bank charges Cleaning expense5 Pension costs 399 1,799 424 123 26.873 464 451 2.056 310 424 1,282 305 57 16,929 382 476 2,410 364 63.879 61,319 Governance costs Investment management Independent examination fées Accountancy and legal fees 645 350 688 1,137 350 650 1.683 2,137 Total resources expènded 86,698 70,323 Net deficit 148,3871 57.271 This page does not form part of the slalulory financial slalemenls Page 23