Trustees' Annual Report for the period
Period start date Period end date Day30 04 2019 Day30 04 2020 T From o
Section A Reference and administration details
Charity name
Forncett Industrial Steam Museum
Other names charity is known by
Not Applicable
Registered charity number (if any) 1179705
Charity's principal address Low Road, Forncett St Mary,
NORWICH, Norfolk Postcode NR16 1JJ
Names of the charity trustees who manage the charity
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Dates acted if not for
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Trustee name Office (if any) whole year
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Chairman of Whole year
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1[Dr Rowan Nigel ] Francis Trustees Treasurer Whole year
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2[ Daniel Anthony ] Marshall-Bull
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3 Miranda Ellis Trustee Whole year 4 Neal Davis Trustee Whole year 5[Will Herschel-] Trustee From 24th April 2020 Shorland
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6 Jack Pishhorn Trustee From 24th April 2020
Name of person (or body) entitled to appoint trustee (if any)
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8
9
10
11
12
13
14
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15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year
Names and addresses of advisers (Optional information)
Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document Charitable Incorporated Organisation (Foundation model) (eg. trust deed, constitution) Charitable objects. Amended 30th July 2019. How the charity is constituted CIO foundation model whose only voting members are it’s Trustees.
- (eg. trust, association, company)
Trustee selection methods Interview and appointed by existing trustees.
(eg. appointed by, elected by)
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You may choose to include additional information, where relevant, about:
-
policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
Policy adopted for the induction and training of Trustees. Trustees are briefed on the history of the charity and its objectives. They are made aware of their responsibilities and are provided with the Charity Commissioner’s guidance on the responsibilities of a trustee. They are given a comprehensive health and safety briefing.
The Trustees meet regularly every three months to manage its affairs. Extra meetings are called if a major policy decision is required before the next scheduled meeting.
At present the day to day administration of the charity is undertaken by Dr Rowan Francis, Chairman of the Trustees, until a new general manager is appointed.
- The Trustees are assessing the major risks to which the charity is exposed and introducing systems and procedures to mitigate the risks identified.
Section C Objectives and activities
Summary of the objects of the charity set out in its governing document
To advance the education of the public in all aspects of the development of Great Britain’s industrial heritage through the provision and maintenance of a museum and by the preservation, maintenance and demonstration of its collections of steam powered engines from the beginning of the industrial revolution to the 21st century. The collections are to be preserved for long term public benefit.
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| Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) |
In the exercise of its powers the trustees of the charity have paid due regard to the guidance issued by the Charity Commission on public benefit. How the trust furthers its charitable aims. The museum provides education for the public by providing the opportunity to examine the historical work of craftsmen and women who lived long ago and learn about their practices and skills. The museum is open to the public every Wednesday and Sunday throughout the year. Visitors are offered educational guided tours and entry is free. The museum takes part in the annual Heritage Open Days in September, coordinated by the National Trust and includes a free full Steam Operating day for the general public who may not be able to afford the normal entry charge for a Steam Day. We also offer a free steam day for our local primary school students and their teachers on a normal school week day. The museum offers a number of other Public Steam Days throughout the year when all the engines in the collection can be experienced running under steam. A charge is made for Adults but Children are admitted free. The museum is able to provide education, training and research opportunities to our local schools, colleges, University of Third Age, clubs and societies and other national and international organised groups by appointment. We offer hands on training opportunities for apprentices working in the Heritage Engineering sector. The museum has a 20 seat video room used to enhance the visitors experience and tell the story of the creation and development of the museum since 1970 and other documentaries about the development of steam power during the 250 years of the Industrial Revolution and its impact on the climate crisis the world is now experiencing. The museum is able to reach out to a wider national and international audience through its websitewww.forncettsteammuseum.co.uk and through a dedicated link You Tube channel on the internet. https://www.youtube.com/channel/UCt79lCkjlr5FOkH- BTvVRSg |
|---|---|
Additional details of objectives and activities (Optional information)
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As an entirely volunteer organisation the trust is immensely appreciative of the work done by our volunteers.
Both at trustee level, managing the governance of the trust but also the practical work undertaken by the other 26 volunteers striving to maintain, preserve and demonstrate our wonderful collections for the benefit of public education.
In the 2020 Share Museums East Award Scheme, two of our You may choose to include volunteers, Tony Tompkins and Jane Francis, received Silver Owl further statements, where Awards for over 25 years volunteering service at the museum. relevant, about:
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policy on grantmaking;
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policy programme related investment;
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contribution made by volunteers.
Section D Achievements and performance
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Section D Achievements and performance
Summary of the main achievements of the charity during the year
The charity continued its work on the two year process of gaining full Accreditation by the Arts Council, England. This has included the re writing and updating twelve major policies with the help of a museum mentor from another charitable trust.
The trust undertook a major review of its “ Board governance health and procedures” under the guidance of a consultant funded by Share Museums East. This resulted in the recruitment of two new trustees who have been able to bring a number of additional valuable skills to the trust board.
During the year the charity continued to give advice to Professor Milagrosa Gonzales at the University ESTII in Madrid on the restoration of an 1870 steam beam engine similar to one we have operating at Forncett.
The trust hosted a number of special all day educational events for both national and international societies including:The Workers Education Association. The Deutsche Gesellschaft fur Eisenbahngeschichte during their week long educational tour of major engineering history museums in the UK. The Norwich Engineering Society. The Heritage Engineering Network.
The Chairman of the Trust was invited to deliver a number of educational talks to Rotary Clubs, Probus Clubs and Classic Vehicle clubs telling the story of the development of the museum at Forncett and the relevance of the history of the Industrial Revolution to some of the problems it has caused in our modern world like climate change.
As a result of the unexpected Covid 19 Crisis Lock Down the trust had to close its doors to public visitors on Friday 20th March 2020. This will have a major impact on income generation for the following year 2020-2021.
The trust was granted a payment of £10.000 from the government grants to support museums in the Heritage sector. The trust board started work in planning how to mitigate the ongoing effect of Covid closure and putting plans in to be able to welcome visitors back at the earliest opportunity.
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Section E Financial review
Brief statement of the charity’s policy on reserves
The policy of the trustees is to maintain sufficient liquid reserves( £6000) to cover operational costs for a period of six months.
Details of any funds materially None in deficit
Further financial review details (Optional information)
You may choose to include The charity’s principle sources of funds are the admission charges for additional information, where Steam Operating Days. relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Donations made by visitors on free static days.
Specific fund raising appeals for special projects.
- Retail, Hospitality and Leisure Grant Fund. South Norfolk District Council. £ 10,000.16th April 2020.
Trust Board skills and sustainability grant from Share Museums East. £1000.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s)
Full name(s) Dr Rowan Nigel Francis Daniel Anthony Marshall-Bull
Position (eg Secretary, Chair Chair, etc)
Treasurer
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Date 12 February 2021 TAR Maich 2012
| Forncett Industrial Steam Museum | Forncett Industrial Steam Museum | Forncett Industrial Steam Museum | Forncett Industrial Steam Museum | 1179705 | CC17a | ||
|---|---|---|---|---|---|---|---|
| Annual accounts for theperiod | |||||||
| 05-01-20 | To | 04-30-21 | |||||
| Section A | Statement | of financial activities | |||||
| Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income Donations S01 Activities for generating funds Steam Days S02 Investment income None S03 Incoming resources from charitable activities Scrappage S04 Other incoming resources None S05 Total incoming resources S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income None S07 Fundraising trading costs Steam Days + Kitchen Ref S08 Investment management costs None S09 Charitable activities Maint. Etc S10 Governance costs Trust Setup Costs S11 Other resources expended S12 Total resources expended S13 Net incoming/(outgoing) resources before transfers S14 Gross transfers between funds S15 Net incoming/(outgoing) resources before other recognised gains/(losses) S16 Other recognised gains/(losses) Gains and losses on revaluation of fixed assets for the charity’s own use S17 Gains and losses on investment assets S18 Net movement in funds S19 Total funds brought forward S20 Total funds carried forward S21 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
||||||
| - 0 | - 0 | - 0 | - 0 | - 0 | |||
| Donations | S01 | 23,374 | 224 | - 0 | 23,598 | 10,637 | |
| Steam Days | S02 | - 0 | - 0 | - 0 | - 0 | 8,267 | |
| None | S03 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| Scrappage | S04 | 500 | - 0 | - 0 | 500 | - 0 | |
| None | -0 | -0 | -0 | - 0 | - 0 | ||
| 23,874 | 224 | -0 | 24,098 | 18,904 | |||
| - 0 | - 0 | - 0 | - 0 | - 0 | |||
| None | S07 | - 0 | 1,540 | - 0 | 1,540 | - 0 | |
| Steam Days + Kitchen Ref |
S08 | - 0 | - 0 | - 0 | - 0 | 8,429 | |
| None | S09 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| Maint. Etc | S10 | 3,744 | 6,652 | - 0 | 10,396 | 16,599 | |
| Trust Setup Costs | S11 | - 0 | 350 | - 0 | 350 | 1,002 | |
| -0 | -0 | -0 | - 0 | - 0 | |||
| 3,744 | 8,542 | -0 | 12,286 | 26,030 | |||
| 20,130 | -8,318 | -0 | 11,812 | - 7,126 | |||
| - 0 | - 0 | - 0 | - 0 | - 0 | |||
| 20,130 | -8,318 | -0 | 11,812 | -7,126 | |||
| - 0 | - 0 | - 0 | - 0 | - 0 | |||
| -0 | -0 | -0 | - 0 | - 0 | |||
| 20,130 | - 8,318 | - 0 | 11,812 | - 7,126 | |||
| 2,999 | 10,556 | -0 | 13,555 | 20,681 | |||
| 23,129 | 2,238 | -0 | 25,367 | 13,555 |
CC17a (Excel)
Section B Balance sheet
| Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Tangible assets (Note 9) B01 150 512,212 - 0 512,362 512,362 B02 - 0 - 0 - 0 - 0 - 0 Investments (Note 10) B03 -0 -0 -0 - 0 - 0 Total fixed assets B04 150 512,212 -0 512,362 512,362 Current assets Stock and work in progress B05 - 0 - 0 - 0 - 0 - 0 Debtors (Note 11) B06 - 0 - 0 - 0 - 0 10,000 (Short term) investments B07 - 0 - 0 - 0 - 0 - 0 Cash at bank and in hand B08 19,563 4,716 -0 24,279 13,555 Total current assets B09 19,563 4,716 -0 24,279 23,555 Creditors: amounts falling due within one year (Note 12) B10 - 0 - 0 - 0 - 0 - 0 Net current assets/(liabilities) B11 19,563 4,716 -0 24,279 23,555 Total assets less current liabilities B12 19,713 516,928 -0 536,641 535,917 Creditors: amounts falling due after one year (Note 12) B13 - 0 - 0 - 0 - 0 - 0 Provisions for liabilities and charges B14 - 0 - 0 - 0 - 0 - 0 Net assets B15 19,713 516,928 -0 536,641 535,917 Funds of the Charity Unrestricted funds B16 13,761 13,761 13,149 B17 - 0 - 0 - 0 Restricted income funds (Note 13) B18 526,167 526,167 522,768 Endowment funds(Note 13) B19 - 0 - 0 - 0 Total funds B20 13,761 526,167 -0 539,928 535,917 Signed by one or two trustees on behalf of all Signature PrintName Date of approval Dr R N Francis Dr R N Francis 02-02-22 Mr D A Marshall-Bull Mr D A Marshall-Bull 02-02-22 |
Note Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ Fixed assets F01 F02 F03 F04 F05 Tangible assets (Note 9) B01 150 512,212 - 0 512,362 512,362 B02 - 0 - 0 - 0 - 0 - 0 Investments (Note 10) B03 -0 -0 -0 - 0 - 0 Total fixed assets B04 150 512,212 -0 512,362 512,362 Current assets Stock and work in progress B05 - 0 - 0 - 0 - 0 - 0 Debtors (Note 11) B06 - 0 - 0 - 0 - 0 10,000 (Short term) investments B07 - 0 - 0 - 0 - 0 - 0 Cash at bank and in hand B08 19,563 4,716 -0 24,279 13,555 Total current assets B09 19,563 4,716 -0 24,279 23,555 Creditors: amounts falling due within one year (Note 12) B10 - 0 - 0 - 0 - 0 - 0 Net current assets/(liabilities) B11 19,563 4,716 -0 24,279 23,555 Total assets less current liabilities B12 19,713 516,928 -0 536,641 535,917 Creditors: amounts falling due after one year (Note 12) B13 - 0 - 0 - 0 - 0 - 0 Provisions for liabilities and charges B14 - 0 - 0 - 0 - 0 - 0 Net assets B15 19,713 516,928 -0 536,641 535,917 Funds of the Charity Unrestricted funds B16 13,761 13,761 13,149 B17 - 0 - 0 - 0 Restricted income funds (Note 13) B18 526,167 526,167 522,768 Endowment funds(Note 13) B19 - 0 - 0 - 0 Total funds B20 13,761 526,167 -0 539,928 535,917 Signed by one or two trustees on behalf of all Signature PrintName Date of approval Dr R N Francis Dr R N Francis 02-02-22 Mr D A Marshall-Bull Mr D A Marshall-Bull 02-02-22 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|---|
| 150 | 512,212 | - 0 | 512,362 | 512,362 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| -0 | -0 | -0 | - 0 | - 0 | ||
| 150 | 512,212 | -0 | 512,362 | 512,362 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| - 0 | - 0 | - 0 | - 0 | 10,000 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| 19,563 | 4,716 | -0 | 24,279 | 13,555 | ||
| 19,563 | 4,716 | -0 | 24,279 | 23,555 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| 19,563 | 4,716 | -0 | 24,279 | 23,555 | ||
| 19,713 | 516,928 | -0 | 536,641 | 535,917 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| - 0 | - 0 | - 0 | - 0 | - 0 | ||
| 19,713 | 516,928 | -0 | 536,641 | 535,917 | ||
| 13,761 | 13,761 | 13,149 | ||||
| - 0 | - 0 | - 0 | ||||
| 526,167 | 526,167 | 526,167 | 522,768 | |||
| - 0 | - 0 | - 0 | ||||
| 13,761 | 526,167 | -0 | 539,928 | 535,917 | ||
| Signature PrintName Date of aroval |
||||||
| Dr R N Francis | Dr R N Francis | pp 02-02-22 |
||||
| Mr D A Marshall-Bull | Mr D A Marshall-Bull | 02-02-22 |
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CC17a (Excel)
Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities.
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act.
[** except for the following].
Give details in this box if a different standard has been followed.
- -Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).
Give details in this box of any material changes that have been made.
§ if no changes have been made to accounting policies then delete these words.
1.3 Changes to previous accounts
No changes have been made to accounts for previous years (§§ except for the following).
Give details in this box of any material changes that have been made.
§§ if no changes have been made to accounts for previous periods then delete these words.
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
| Recognition of incoming | These are included in the Statement of Financial Activities (SoFA) when: |
|---|---|
| resources | the charity becomes entitled to the resources; |
| the trustees are virtually certain they will receive the resources; and | |
| the monetary value can be measured with sufficient reliability. | |
| Incoming resources with | Where incoming resources have related expenditure (as with fundraising or contract income) the |
| related expenditure | incoming resources and related expenditure are reported gross in the SoFA. |
| Grants and donations | Grants and donations are only included in the SoFA when the charity has unconditional |
| entitlement to the resources. | |
| Tax reclaims on donations | Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to |
| and gifts | which they relate. |
| Contractual income and | This is only included in the SoFA once the related goods or services have been delivered. |
| performance related grants | |
| Gifts in kind | Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. |
| Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or | |
| distributed by the charity. | |
| Gifts in kind for use by the charity are included in the SoFA as incoming resources when | |
| receivable. | |
| Donated services and | These are only included in incoming resources (with an equivalent amount in resources |
| facilities | expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._ |
| The value placed on these resources is the estimated value to the charity of the service or | |
| facility received. | |
| Volunteer help | The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. |
| Investment income | This is included in the accounts when receivable. |
| Investment gains and losses | This includes any gain or loss on the sale of investments and any gain or loss resulting from |
| revaluing investments to market value at the end of the year. | |
| EXPENDITURE AND LIABILITIES | |
| Liability recognition | Liabilities are recognised as soon as there is a legal or constructive obligation committing the |
| charity to pay out resources. | |
| Governance costs | Include costs of the preparation and examination of statutory accounts, the costs of trustee |
| meetings and cost of any legal advice to trustees on governance or constitutional matters. | |
| Grants with performance | Where the charity gives a grant with conditions for its payment being a specific level of service |
| conditions | or output to be provided, such grants are only recognised in the SoFA once the recipient of the |
| grant has provided the specified service or output. | |
| Grants payable without | These are only recognised in the accounts when a commitment has been made and there are |
| performance conditions | no conditions to be met relating to the grant which remain in the control of the charity. |
| Support Costs | Support costs include central functions and have been allocated to activity cost categories on a |
| basis consistent with the use of resources, eg allocating property costs by floor areas, or per | |
| capita, staff costs by the time spent and other costs by their usage. | |
| ASSETS | |
| Tangible fixed assets for use | These are capitalised if they can be used for more than one year, and cost at least £500. They |
| by charity | are valued at cost or a reasonable value on receipt. |
| Investments | Investments quoted on a recognised stock exchange are valued at market value at the year end. |
| Other investment assets are included at trustees' best estimate of market value. | |
| Stocks and work in progress | These are valued at the lower of cost or market value. |
| POLICIES ADOPTED | |
| ADDITIONAL TO OR | |
| DIFFERENT FROM THOSE | |
| ABOVE |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
| Incoming resources may be further analysed if this would help the reader of the accounts. | Incoming resources may be further analysed if this would help the reader of the accounts. | Incoming resources may be further analysed if this would help the reader of the accounts. | Incoming resources may be further analysed if this would help the reader of the accounts. |
|---|---|---|---|
| This year Last year Analysis £ £ Misc Donations (Restricted) 224 8,833 Council/ Gov Payments (Unrestricted) 23,374 1,000 Private Hire - 0 804 Council/ Gov Payments (Restricted) - 0 - 0 Voluntary income - 0 - 0 Total 23,598 10,637 Steam Up Days (Total) - 0 - 0 Steam Up Admissions - 0 4,611 Steam Up Café - 0 3,656 - 0 - 0 Activities for generating funds - 0 - 0 Total - 0 8,267 Bank Interest 0% - 0 - 0 - 0 - 0 - 0 - 0 - 0 - 0 Investment income - 0 - 0 Total - 0 - 0 Sold Assets (Including Scrap) 500 - 0 - 0 - 0 - 0 - 0 - 0 - 0 Incoming resources from charitable activities - 0 - 0 Total 500 - 0 |
|||
| Sold Assets (Including Scrap) | 500 | - 0 | |
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| Total | 500 | - 0 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.
| Costs of generating voluntary income Fundraising trading costs Investment management costs Charitable activities Governance costs |
This year Last year Analysis £ £ |
This year Last year Analysis £ £ |
This year Last year Analysis £ £ |
|---|---|---|---|
| Donation Credit Card terminals | 700 | - 0 | |
| Other | 840 | - 0 | |
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| Total | 1,540 | - 0 | |
| Steam Up Days inc Café | - 0 | - 0 | |
| Kitchen Build | - 0 | 5,347 | |
| Café Costs | - 0 | 2,502 | |
| Parking Costs | - 0 | 220 | |
| Other Steam Up Costs | - 0 | 360 | |
| Total | - 0 | 8,429 | |
| None | - 0 | - 0 | |
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| Total | - 0 | - 0 | |
| Maint. Buildings & Collection | 6,652 | 16,599 | |
| Website | 281 | - 0 | |
| Vehicle | 639 | - 0 | |
| Utilities | 491 | - 0 | |
| Other | 2,334 | - 0 | |
| Total | 10,396 | 16,599 | |
| Setup of Trust, Legal etc | 350 | 1,002 | |
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| Total | 350 | 1,002 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 5 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
| costs. | ||||
|---|---|---|---|---|
| Support cost type | Fundraising activity £ |
Charitable Activity £ |
Governance Activity £ |
Total Cost £ |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| Total | - 0 | - 0 | - 0 | - 0 |
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).
| Number of trustees who were paid expenses Nature of the expenses Total amount paid |
This year | Last year |
|---|---|---|
| 0 | 0 | |
| $ #,##0.00 $ (#,##0.00) $ -?? 0 |
$ #,##0.00 $ (#,##0.00) $ -?? 0 |
6.2 Fees for examination or audit of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).
| box(es). | ||
|---|---|---|
| Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor |
This year £ |
Last year £ |
| None | ||
| None |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 7 Paid employees Please complete this note if the charity has any employees.
7.1 Staff Costs
| Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Total staff costs 7.2 Average number of full-time equivalent employees in the year Fundraising Charitable Activities Governance The parts of the charity in which the employees work Other Total |
Gross wages, salaries and benefits in kind Employer’s National Insurance costs Pension costs Total staff costs 7.2 Average number of full-time equivalent employees in the year Fundraising Charitable Activities Governance The parts of the charity in which the employees work Other Total |
This year £ |
Last year £ |
|---|---|---|---|
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| - 0 | - 0 | ||
| employees in the year | This year Number |
Last year Number |
|
| Fundraising | -0 | -0 | |
| Charitable Activities | - 0 | - 0 | |
| Governance | - 0 | - 0 | |
| Other | - 0 | - 0 | |
| Total | - 0 | - 0 |
7.3 Defined contribution pension scheme
Please complete if a defined contribution pension scheme is operated. Brief details of the scheme None
None
The costs of the scheme to the charity for the year
The amount of any contributions outstanding at the year end The amount of any contributions prepaid at the year end
| This year £ |
Last year £ |
|---|---|
| 0 | 0 |
| 0 | 0 |
| 0 | 0 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 8 Grantmaking
Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.
8.1 Total value of grants
| 8.1 Total value of grants | ||
|---|---|---|
| Purpose for whichgrants made | Grants to Total amount £ |
Grants to Total amount £ |
| None | - 0 | - 0 |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| Total | -0 | -0 |
8.1 Grantmaking costs
If the charity’s accounts are prepared on the “activity basis” please give details of any support cost associated with grantmaking. Please enter “Nil” if the charity does not identify and/or allocate support costs.
Support costs of grantmaking
Nil
8.3 Grants made to institutions
If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions supported.
| supported. | ||
|---|---|---|
| Names of institutions | Purpose | Total amount of grants paid £ |
| None | - 0 | |
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| - 0 | ||
| Total grants to institutions | -0 |
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets
9.1 Cost or valuation
| Balance brought Additions Revaluations Disposals Transfers * Balance carried |
Freehold land & buildings £ |
Other land & buildings £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|---|---|---|---|---|---|---|
| 476,212 | - 0 | 150 | 36,000 | - 0 | 512,362 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| 476,212 | - 0 | 150 | 36,000 | - 0 | 512,362 |
9.2 Accumulated depreciation and impairment provisions
| *Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
*Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought - 0 - 0 - 0 - 0 - 0 - 0 Depreciation charge - 0 - 0 - 0 - 0 - 0 - 0 Impairment provisions - 0 - 0 - 0 - 0 - 0 - 0 Revaluations - 0 - 0 - 0 - 0 - 0 - 0 Disposals - 0 - 0 - 0 - 0 - 0 - 0 Transfers - 0 - 0 - 0 - 0 - 0 - 0 Balance carried forward - 0 - 0 - 0 - 0 - 0 - 0 9.3 Net book value* Brought forward 476,212 - 0 150 36,000 - 0 512,362 Carried forward 476,212 - 0 150 36,000 - 0 512,362 |
|---|---|---|---|---|---|---|
| 476,212 | - 0 | 150 | 36,000 | - 0 | 512,362 | |
| 476,212 | - 0 | 150 | 36,000 | - 0 | 512,362 |
9.4 Revaluation
If any fixed assets have been revalued please give details of the valuer and method of valuation
Museum Collection valued as scrap (by mass) from www.lkm.org.uk on 18/02/2019. Due to Covid 19 causing instability within global markets, the Trustees have chosen not to revalue the collection this year.
* The "transfers" row is for movements between fixed asset categories.
** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 10 Investment assets
Please complete this note if the charity has any investment assets.
10.1 Fixed assets investments
| Carrying (market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Add/(deduct): net gain/(loss) on revaluation Carrying (market) value at end of year |
£ |
|---|---|
| - 0 | |
| - 0 | |
| - 0 | |
| - 0 | |
| - 0 |
Please provide below:
10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row B03.
10.3 A breakdown of the income from investments agreeing with SOFA row S03.
| Analysis of investments Investment properties Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes Investments in subsidiary or connected undertakings and companies Securities not listed on a recognised Stock Exchange Cash held as part of the investment portfolio Other investments Total |
10.2 Market value at year end £ |
10.3 Income from investments for the year £ |
|---|---|---|
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 | |
| - 0 | - 0 |
10.4 Material investment holdings
If any single investment is material in terms of its value (for example represents more than 5 per cent of the value of the charity’s total investments) please provide details.
Investment held Market Value
None
0
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated Other debtors Prepayments and accrued income Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | 10,000.0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| -0 | 10,000.0 | -0 | -0 |
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors
| 12.1 Analysis of creditors | ||||
|---|---|---|---|---|
| Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
||
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | |
| -0 | -0 | -0 | -0 |
12.2 Security over assets
If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.
None
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 13 Endowment and restricted income funds
Please complete this section if the charity has any endowment or restricted income funds.
13.1 Funds held
Please give a brief description of any of the following type of funds held by the charity:
-
permanent endowment funds (PE);
-
expendable endowment funds (EE); and
-
restricted income funds, including special trusts, of the charity (R).
Type PE, EE Fund Name Purpose and Restrictions or R None
13.2 Movements of major funds
Please give details of the movements of the major funds summarised in the restricted and endowment columns of the Statement of Financial Activities.
| Fund names | Fund balances brought forward £ |
Incoming resources £ |
Outgoing resources £ |
Transfers £ |
Gains and losses £ |
Fund balances carried forward £ |
|---|---|---|---|---|---|---|
| None | - 0 | - 0 | - 0 | - 0 | - 0 | - 0 |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| - 0 | - 0 | - 0 | - 0 | - 0 | - 0 | |
| Total Funds | -0 | -0 | -0 | -0 | -0 | -0 |
13.3 Transfers between funds
Please give details of any transfers between funds.
| From Fund (Name) | To Fund (Name) | Reason | Amount |
|---|---|---|---|
| None | 0 | ||
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 14 Transactions with related parties
If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in the relevant boxes.
14.1 Remuneration and benefits
Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other related parties by the charity or any institution or company connected with it.
| Name of trustee or connected party | Legal authority (eg order, governing document) |
Amounts paid or benefit value | Amounts paid or benefit value |
|---|---|---|---|
| This year £ |
Last year £ |
||
| None | 0 | 0 | |
14.2 Loans
Please give details of and amounts owing to or from the charity’s trustees or other related parties by the charity at the year end.
| Due to trustees and related parties **Due from trustees and ** |
Name of trustee or connected party |
Legal authority | Amount owing | Amount owing |
|---|---|---|---|---|
| This year £ |
Last year £ |
|||
| None | 0 | 0 | ||
| None | 0 | 0 |
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party has a material interest.
| Name of the trustee or related party |
Relationship to charity |
Description of the transaction(s) |
This year £ |
Last year £ |
|---|---|---|---|---|
| None | 0 | 0 | ||
CC17a (Excel)
Section C Notes to the accounts (cont)
Note 15 Additional Disclosures
The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.
The Forncett Industrial Steam Museum was founded in 1970 by Dr Rowan Francis and this personal collection was
opened to the public on a regular basis.
In 2016 he decided the best way to secure the future of this fine collection was to seek charitable status and gift the
entire collection with all its buildings and land on which it stood to the new Charitable Incorporated Organisation. He started an appeal fund and raised £35 000 to pay for all the costs of legal work and infrastructure developments
that were needed to complete the transfer.
The Museum was granted CIO status on 29th August 2018.
As a result of the unexpected Covid 19 Crisis Lock Down the trust had to close its doors to public visitors on Friday 20th March 2020.
CC17a (Excel)