## **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|
CC17a (Excel)
08/02/2023
1
## **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||
Cells highlighted in Yellow contain formulas to add up columns C,D and E but these are not protected cells
Cells highlighted in Blue contain formulas in protected cells. The protection can be removed from the tools menu
CC17a (Excel)
08/02/2023
2
## **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)
08/02/2023
3
## **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**|
|
CC17a (Excel)
08/02/2023
4
## **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|
CC17a (Excel)
08/02/2023
5
**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|
CC17a (Excel)
08/02/2023
6
## **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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9
**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|
||||||||
||||||||
CC17a (Excel)
08/02/2023
14
## **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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