2022-04-30-accounts

Trustees’ Annual Report for the period

From 01. 05. 2021. Period start date To 30. 04.2022. Period end date

Charity name:Forncett Industrial Steam Museum.

Charity registration number:1179705

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	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 to be preserved for long term public benefit.

Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	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 National 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 our local primary school students and their teachers on a normal school week day. 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 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 web site www.forncettsteammuseum.co.uk and through a dedicated link to You Tube channel on the internet. https://www.youtube.com/channel/ UCyjs.Jglm2obMhnZAmQ9JLdw/ featured
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	In the exercise of its powers the trustees of the charity have paid due regards to the guidance issued by the Charity Commission on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

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.

SORP reference NA Para 1.38 Policy on grant making NA Para 1.38 Policy on social investment including program related investment NA Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference

Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The charity continued its work on the two year process of gaining full Accreditation by the Arts Council, England. The dead line for submission was extended due to the unexpected Covid lockdown which commenced on 20th March 2020. The museum had planned to reopen to the public in steam again from June 21st 2021. However when we had our pre season boiler and steam pipeline inspection, the inspector informed us that the pipe line no longer met the stricter insurance standards required for display to the public. We consulted widely including getting advice from the Association of Independent Museums and our only option was to strip out the whole pipe line and replace with insurance compliant seamless steam pipe and fittings. The estimated cost for replacement material was £14,000. To cover this cost the museum launched an appeal for funds from our supporters in July and managed to raise the funds in three months. The massive task of rebuilding the system was undertaken’ in house ‘by our volunteers for free, with expert guidance form a local company of pipe line installers. This meant we could only open the museum in Static mode which included our planned Heritage Open Days and the regular Wednesday and Sunday free openings which had an adverse impact in the trusts income from visitors. Steam days were scheduled to restart for the 2023 season.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41	An important objective is to provide free education to the local community and we were able to achieve this in late 2022, despite the extensive steam pipe repairs.
Performance of fundraising activities against objectives set	Para 1.41

	Investment performance against objectives Para 1.41 NA Other

Financial Review. DAN I NEED YOUR HELP FOR THIS SECTION

Review of the charity’s financial position at the end of the period	Para 1.21	Total funds carried forward £6459
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	To preserve or move the more delicate artefacts should a failure the site buildings necessitate it.
Amount of reserves held	Para 1.22	£6000
Reasons for holding zero reserves	Para 1.22	NA
Details of fund materially in deficit	Para 1.24	NA
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	NA

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	The charity’s principle sources of funds are the admission charges for steam operating days. Donations made by visitors on free static days. Specific fund raising appeals for special projects. Eg Pipe line appeal.
Investment policy and objectives including any social investment policy adopted	Para 1.46	NA
A description of the principal risks facing the charity	Para 1.46	Recruiting volunteer staff. Unexpected engineering problems and building maintenance. Securing a secure and ongoing supply of wood fuel to run the steam boiler. Any unexpected regulations regarding the burning of fuel to raise steam for an educational purpose.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Charitable Incorporated Organisation. Foundation model.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO foundation model whose only voting members are it’s Trustees.
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Interview and review of applicant CV. Appointment by existing trustees.

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	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.
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	NA
Relationship with any related parties	Para 1.51	NA

Other

Reference and Administrative details

Charity name	Forncett Industrial Steam Museum CIO.
Other name the charity uses	NA
Registered charity number	1179705
Charity’s principal address	Low Road, Forncett St Mary, NORWICH, Norfolk. NR16 1JJ.

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (if any)
	Dr Rowan Nigel Francis	Chairman of Trustees.	Whole Year.
	Daniel Anthony Marshall-Bull	Treasurer	Whole Year.
	Miranda Ellis	Trustee	Whole Year.
	Neal Davis	Trustee	Whole Year.
	Will Herschel- Shorland	Trustee	Whole Year.
	Jack Pishhorn	Trustee	Whole Year.

Corporate trustees – names of the directors at the date the report was approved

Director name NA

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity	NA
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects	NA
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets	Special written agreements for the few items on loan to the museum for exhibition purposes.

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

NA

Other optional information

Declarations

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 Francis Dan Marshall-Bull Position (eg Chairman Treasurer Secretary, Chair, etc) Date

	1179705 01/05/2021 To 30/04/2022 CC17a Forncett Industrial Steam Museum Annual accounts for the period	1179705 01/05/2021 To 30/04/2022 CC17a Forncett Industrial Steam Museum Annual accounts for the period
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 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 S13 S14 S15 S16 S17 S18 S19 S20 S21 Total resources expended Total incoming resources Total funds carried forward Total funds brought forward Net movement in funds Net incoming/(outgoing) resources before transfers Gains and losses on investment assets Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) Net incoming/(outgoing) resources before other recognised gains/(losses) Gross transfers between funds		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
	Donations S01 Steam Days S02 None S03 Scrappage S04 None S05	- - - - - 10,491 11,745 - 22,236 23,598 - - - - - - - - - - 1,814 - - 1,814 500 - - - - -
		12,305 11,745 - 24,050 24,098
		- - - - - - - - 1,540 1,635 - - 1,635 - - - - - - 32,133 9,190 - 41,323 10,396 - - - 350 - - - - -
		33,768 9,190 - 42,958 12,286 21,463 - 2,555 - 18,908 - 11,812
		- - - - -
		21,463 - 2,555 - 18,908 - 11,812
		- - - - - - - - - -
		21,463 - 2,555 - 18,908 - 11,812
		23,129 2,238 - 25,367 13,555
		1,666 4,793 - 6,459 25,367

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Section B Balance sheet

Fixed assets Tangible assets (Note 9) Investments (Note 10) Total fixed assets Current assets Stock and work in progress Debtors (Note 11) (Short term) investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 12) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 12) Provisions for liabilities and charges Net assets Funds of the Charity Unrestricted funds Restricted income funds (Note 13) Endowment funds(Note 13) Total funds Signed by one or two trustees on behalf of all the trustees	Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 Dr R N Mr D A	Unrestricted funds £ F01 150 - -	Restricted income funds £ F02 512,212 - -	Endowment funds £ F03 - - -	Total this year Total last year £ £ F04 F05 512,362 512,212 - - - -
		150	512,212	-	512,362 512,212
		- - - 1,818	- - - 5,878	- - - -
					- - - - - - 7,697 24,279
		1,818	5,878	-	7,697 24,279
					- -
		-	-	-
		1,818	5,878	-	7,697 24,279
		1,968	518,090	-	520,059 536,491
					- - - -
		- -	- -	- -
		1,968	518,090	-	520,059 536,491
		1,968 -	518,090	-	1,968 13,761 - - 518,090 526,167 - -
		1,968	518,090	-	520,058 539,928
		Francis Marshall-Bull Signature		Date of approval 08/02/2023 08/02/2023 Dr R N Francis Mr D A Marshall-Bull Print Name

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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.

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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)
related expenditure	the 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.
by charity	They 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

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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.

Activities for generating funds Investment income Incoming resources from charitable activities Voluntary income	Misc Donations (Restricted) Misc Donations (Unrestricted) Private Hire Council/ Gov Payments (Restricted) Total Steam Up Days (Total) Steam Up Admissions Steam Up Café Total Bank Interest 0% Total Sold Assets (Including Scrap) Total Analysis	This year Last year £ £ 11,745 224 10,491 23,374 - - - - - -
		22,236 23,598
		- - - - - - - - - -
		- -
		- - - - - - - - - -
		- -
		1,814 500 - - - - - - - -
		1,814 500

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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.

Governance costs Charitable activities Investment management costs Costs of generating voluntary income Fundraising trading costs	Utilities Other Total Setup of Trust, Legal etc Café Costs Analysis Donation Credit Card terminals Parking Costs Total Other Steam Up Costs Total None Total Maint. Buildings & Collection Website Vehicle Other Steam Up Days inc Café Stock Total Kitchen Build	This year Last year £ £ 700 840 - - - - - -
		- 1,540
		1,635 - - - - - - - - -
		1,635 -
		- - - - - -
		- -
		36,433 6,652 280 281 583 639 757 491 3,270 2,334
		41,323 10,396
		350 - - - -
		- 350

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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.

----- Start of picture text -----
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
----- End of picture text -----

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 £ - £ -

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).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year Last year £ £ None None None None

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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

Fundraising Charitable Activities Governance Other Total Gross wages, salaries and benefits in kind The parts of the charity in which the employees work 7.2 Average number of full-time equivalent employees in the year Employer’s National Insurance costs Pension costs Total staff costs	This year Last year £ £ - - - - - -
	- -
	This year Last year Number Number - - - - - - - -
	- -

7.3 Defined contribution pension scheme

Please complete if a defined contribution pension scheme is operated. Brief details of the scheme 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

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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

----- Start of picture text -----
Grants to Grants to
institutions individuals
Purpose for which grants made Total amount £ Total amount £
None - -
- -
- -
- [ - ]
- [ - ]
- [ - ]
Total - -
----- End of picture text -----

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.

institutions supported.
Names of institutions None Total grants to institutions Purpose	Total amount of grants paid £ - - - - - - - - - -
	-

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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

		Freehold land	Freehold land		Other land &	Plant,	Fixtures,	Payments on	Payments on	Total
		& buildings			buildings	machinery and	fittings and	account and
						motor vehicles	equipment	assets under
								construction
		£			£	£	£		£	£
Balance brought		476,212			-	150	36,000		-	512,362
forward
Additions			-		-	-	-		-	-
Revaluations			-		-	-	-		-	-
Disposals			-		-	-	-		-	-
Transfers *			-		-	-	-		-	-
Balance carried		476,212			-	150	36,000		-	512,362
forward
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			-		-	-	-		-	-
forward
Depreciation charge			-		-	-	-		-	-
for year
Impairment provisions			-		-	-	-		-	-
Revaluations			-		-	-	-		-	-
Disposals			-		-	-	-		-	-
Transfers*			-		-	-	-		-	-
Balance carried			-		-	-	-		-	-
forward
9.3 Net book	value
Brought forward		476,212			-	150	36,000		-	512,362
Carried forward		476,212			-	150	36,000		-	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.

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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

Add/(deduct):net gain/(loss) on revaluation Carrying (market) value at beginning of year Carrying (market) value at end of year Add:additions to investments at cost Less:disposals at carrying value	£ - - - -
	-

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 Other investments Total Investment properties Securities not listed on a recognised Stock Exchange Cash held as part of the investment portfolio 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

10.2 10.3 Market value at year end Income from investments for the year £ £ - - - - - - - - - - - -

- -

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

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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		Amounts falling due within one year	Amounts falling due within one year	Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year	Amounts falling due after more than one year
		This year			Last year	This year		Last year
		£			£	£		£
Trade debtors			-		-		-	-
Amounts due from subsidiary and associated
undertakings			-		-		-	-
Other debtors			-				-	-
Prepayments and accrued income			-		-		-	-
	Total		-		-		-	-
Note 12 Creditors and accruals
Please complete this note if the charity has any	creditors or accruals.
12.1 Analysis of creditors
		Amounts falling due				Amounts falling due after
		within one year				more than one year
		This year			Last year	This year		Last year
		£			£	£		£
Loans and overdrafts			-		-		-	-
Trade creditors			-		-		-	-
Amounts due to subsidiary and associated
undertakings			-		-		-	-
Other creditors			-		-		-	-
Accruals and deferred income			-		-		-	-
	Total		-		-		-	-

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

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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).

----- Start of picture text -----
Type PE, EE
Fund Name Purpose and Restrictions
or R
None
----- End of picture text -----

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							Fund
				balances							balances
				brought		Incoming	Outgoing		Gains and		carried
				forward		resources	resources	Transfers	losses		forward
Fund	names			£		£	£	£		£	£
None					-	-	-	-		-	-
					-	-	-	-		-	-
					-	-	-	-		-	-
					-	-	-	-		-	-
					-	-	-	-		-	-
					-	-	-	-		-	-
		Total	Funds		-	-	-	-		-	-

13.3 Transfers between funds

Please give details of any transfers between funds.

From	Fund	(Name)	To	Fund	(Name)	Reason	Amount
None								0

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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.

----- Start of picture text -----
Amounts paid or benefit value
Legal authority (eg order,
Name of trustee or connected party
governing document) This year Last year
£ £
None 0 0
----- End of picture text -----

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 related parties	None None Legal authority Name of trustee or connected party	This year Last year £ £ 0 0 0 0 Amount owing

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	Relationship to	Description of the	This year		Last year
or related party	charity	transaction(s)	£		£
None				0		0

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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, only reopening on 30th April 2022

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