## **Trustees’ Annual Report for the period**
**From 01. 05. 2022 Period start date To 30.04.2023. 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 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 tours**
**and entry is free.**
**The museum takes part in the National**
**Heritage Open Days 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 is able to provide**
**education, training and research**
**opportunities to 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 19709**
**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 website**
**www.forncettsteammuseum.co.uk and**
**through a dedicated 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:
SORP reference
**N/A** Para 1.38 Policy on grant making **N/A** Para 1.38 Policy on social investment including program related investment **N/A** 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 it work to achieve**
**full Arts Council Accreditation with**
**completion of all remaining outstanding**
**policies and other outstanding work.We**
**anticipate achieving Full Accreditation**
**by October 2023.**
**In spite of the delayed reopening after**
**COVID and having to replace and**
**rebuild the entire steam pipe system we**
**were able to start rebuilding our regular**
**educational steam activities for the**
**public.**
**We held a special Donors Steam Day on**
**April 30th 2023, to thank all the people**
**who had supported the trust in this**
**unexpected challenge.**|
## **Additional information (optional)**
You may choose to include further statements where relevant about:
Achievements against Para 1.41 objectives set
||Performance of fundraising
activities against objectives
set
Para 1.41
Investment performance
against objectives
Para 1.41
**N/A**
Other|
|---|---|
## **Financial Review**
|**Financial Review**|||
|---|---|---|
|Review of the charity’s
financial position at the end
of the period|Para 1.21|**Total funds carried forward.**|
|Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**To preserve or rehouse the more delicate**
**artefacts should a failure in the sites**
**buildings necessitate it.**|
|Amount of reserves held|Para 1.22|**£6000**|
|Reasons for holding zero
reserves|Para 1.22|**N/A**|
|Details of fund materially in
deficit|Para 1.24|**N/A**|
|Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**|
## **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|**Admission charges for Steam Operating**
**Days.**
**Donations made by visitors on Free**
**Static opening 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|**N/A**|
|A description of the principal
risks facing the charity|Para 1.46|**Recruiting volunteer staff.**
**Ensuring a constant supply of wood fuel**
**to run the steam boiler.**
**Any unexpected regulations regarding**
**burning of fuels to raise steam for**
**educational purposes.**|
|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 its 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 applicants 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|**New 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.**
**Trustees meet every three months to**
**manage the charities affairs and minutes**
**of the meetings are kept and signed**
**following each trust board meeting.**
**At present the day to day administration**
**is undertaken by the Chairman of the**
**Trustees until such time the trust can**
**employ a general manager.**
**Trustees continue to assess the major**
**risks to which the charity is exposed and**
**introduce 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|**N/A**|
|Relationship with any related
parties|Para 1.51|**N/A**|
|---|---|---|
|Other|||
## **Reference and Administrative details**
|Charity name|Forncett Industrial Steam Museum CIO.|
|---|---|
|Other name the charity uses|N/A|
|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|Whole year||
||Daniel Anthony
Marshall-Bull|Treasurer|Whole year||
||Miranda Ellis|Trustee|Whole year||
||Neal Davies|Trustee|Whole year||
||Will Herschel-
Shorland|Trustee|Whole year||
||Tom Forster|Trustee|From 29 11 2022||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||||
## Corporate trustees – names of the directors at the date the report was approved
**Director name N/A**
Name of trustees holding title to property belonging to the charity
**Dates acted if not for whole year**
**Trustee name**
## **Funds held as custodian trustees on behalf of others**
|Description of the assets
held in this capacity|N/A|
|---|---|
|Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A|
|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 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
**N/A**
## **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)** Rowan Francis
D M-Bull
**Full name(s)** Dr. Rowan Francis
Dan Marshall-Bull
**Position (eg**
**Secretary, Chair, etc)**
Chairman
Treasurer
**Date**22 February 2024|**Signed** **on behalf of the charity’s trustees**
**Signature(s)** Rowan Francis
D M-Bull
**Full name(s)** Dr. Rowan Francis
Dan Marshall-Bull
**Position (eg**
**Secretary, Chair, etc)**
Chairman
Treasurer
**Date**22 February 2024|**Signed** **on behalf of the charity’s trustees**
**Signature(s)** Rowan Francis
D M-Bull
**Full name(s)** Dr. Rowan Francis
Dan Marshall-Bull
**Position (eg**
**Secretary, Chair, etc)**
Chairman
Treasurer
**Date**22 February 2024|**Signed** **on behalf of the charity’s trustees**
**Signature(s)** Rowan Francis
D M-Bull
**Full name(s)** Dr. Rowan Francis
Dan Marshall-Bull
**Position (eg**
**Secretary, Chair, etc)**
Chairman
Treasurer
**Date**22 February 2024|**Signed** **on behalf of the charity’s trustees**
**Signature(s)** Rowan Francis
D M-Bull
**Full name(s)** Dr. Rowan Francis
Dan Marshall-Bull
**Position (eg**
**Secretary, Chair, etc)**
Chairman
Treasurer
**Date**22 February 2024|
|---|---|---|---|---|
|||Rowan Francis||D M-Bull|
||||||
|||Dr. Rowan Francis||Dan Marshall-Bull|
|||Chairman
Treasurer
22 February 2024|||
|||Chairman|Treasurer||
||||||
|||22 February 2024|||
||Forncett Industrial Steam Museum|Forncett Industrial Steam Museum|Forncett Industrial Steam Museum|Forncett Industrial Steam Museum|1179705||**CC17a**|
|---|---|---|---|---|---|---|---|
||Annual accounts for the period|||||||
||||
5/1/2022|
**To**|
4/30/2023|||
|||||||||
|**Section A**|**Statement of financial activities**|||||||
|**Incoming resources (No**
**Recommended categories**
**by activity**|Note
**te 3)**
**Details of own**
**analysis**||**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
F01
F02
F03
F04
F05|||||
|**Incoming resources from**
**generated funds**
**Incoming resources from**
**charitable activities**
**Other incoming resources**
Voluntary income
Activities for generating funds
Investment income||S01
S02
S03
S04
S05|-|-|-|-|-|
||Donations||8,497|-|-|8,497|22,236|
||Steam Days||5,789|-|-|5,789|-|
||None||-|-|-|-|-|
||Scrappage||-|-|-|-|1,814|
||None||-|-|-|-|-|
|**Resources expended (N**
**Gross transfers between**
**Other recognised gains/**
**Total funds brought forw**
**Costs of Generating Funds**
**Charitable activities**
**Governance costs**
**Other resources expended**
Costs of generating voluntary
income
Fundraising trading costs
Investment management costs
**_Total_**
**_Total r_**
**_Net_**
**_Total fu_**
Gains and losses on revalua
the charity’s own use
Gains and losses on investm
**_Net incoming/(outgo_**
**_Net incoming/(outgoing) r_**
**_reco_**|**otes 4-8)**
**funds**
**(losses)**
**ard**
None
S06
S07
S08
S09
S10
S11
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
None
Maint. Etc
**_incoming resources_**
**_esources expended_**
**_movement in funds_**
**_nds carried forward_**
Steam Days + Vehicle
tion of fixed assets for
ent assets
**_ing) resources before_**
**_transfers_**
**_esources before other_**
**_gnised gains/(losses)_**||14,286|-|-|14,286|24,050|
|||||||||
||||-|-|-|-|-|
||||155||-|155|-|
||||3,865|-|-|3,865|1,635|
||||-|-|-|-|-|
||||10,101||-|10,101|41,323|
||||-||-|-|-|
||||-|-|-|-|-|
||||14,121|-|-|14,121|42,958|
||||166|-|-|166|-
18,908|
||||-|-|-|-|-|
||||166|-|-|166|-
18,908|
|||||||||
||||-|-|-|-|-|
||||-|-|-|-|-|
||||166|-|-|166|-
18,908|
||||1,666|4,793|-|6,459|25,367|
||||1,832|4,793|-|6,625|6,459|
CC17a (Excel)
2/26/2024
1
## **Section B Balance sheet**
|Note
**Fixed assets**|Note
**Fixed assets**|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
F02
F03|**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
F02
F03|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|**Total this**
**year**
**Total last**
**year**
**£**
**£**
F04
F05|
|---|---|---|---|---|---|---|
|**Tangible assets (Note 9)**
**Investments (Note 10)**|B01
B02
B03|150|512,212|-|512,362|512,362|
|||-|-|-|-|-|
|||-|-|-|-|-|
|**Current assets**
**Funds of the Charity**
Signed by one or two trustees on behalf of all the
trustees
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**amounts falling due within**
**one year (Note 12)**
**amounts falling due after one**
**year (Note 12)**
**Provisions for liabilities and charges**
**Unrestricted funds**
**Restricted income funds**
**Endowment funds**
**_Total fixed assets_**
**_Total current assets_**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**_Net assets_**
**_Total funds_**
**Creditors:**
**Creditors:**
**(Note 13)**
**(Note 13)**|B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|150|512,212|-|512,362|512,362|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||901|5,868|-|6,769|7,697|
|||901|5,868|-|6,769|7,697|
||||||||
|||-|-|-|-|-|
||||||||
|||901|5,868|-|6,769|7,697|
||||||||
|||1,051|518,080|**-**|519,131|520,059|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||1,051|518,080|-|519,131|520,059|
||||||||
|||1,051|||1,051|1,968|
|||-|||-|-|
||||518,080||518,080|518,090|
|||||-|-|-|
||||||||
|||1,051|518,080|-|519,131|520,058|
|||Signature||Print|Date of
approval
Name||
||Dr R N Francis|||Dr R N Francis||1/31/2024|
||Mr D A Marshall-Bull|||Mr D A Marshall-Bull||1/31/2024|
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)
2/26/2024
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* ü Accounting Standards;
- 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)
2/26/2024
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) 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 and**
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which|
|**gifts**
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 facilities**
These are only included in incoming resources (with an equivalent amount in resources 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 or|
|**conditions**
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 no|
|**performance conditions**
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 by**
These are capitalised if they can be used for more than one year, and cost at least £500. They are|
|**charity**
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)
2/26/2024
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.**_
|**Voluntary income**|**Analysis**
**This year**
**Last year**
**£**
**£**
Misc Donations (Restricted)
-
11,745
Misc Donations (Unrestricted)
8,497
10,491
Private Hire
-
-
Council/ Gov Payments (Restricted)
-
-
-
-|**Analysis**
**This year**
**Last year**
**£**
**£**
Misc Donations (Restricted)
-
11,745
Misc Donations (Unrestricted)
8,497
10,491
Private Hire
-
-
Council/ Gov Payments (Restricted)
-
-
-
-|**Analysis**
**This year**
**Last year**
**£**
**£**
Misc Donations (Restricted)
-
11,745
Misc Donations (Unrestricted)
8,497
10,491
Private Hire
-
-
Council/ Gov Payments (Restricted)
-
-
-
-|**Analysis**
**This year**
**Last year**
**£**
**£**
Misc Donations (Restricted)
-
11,745
Misc Donations (Unrestricted)
8,497
10,491
Private Hire
-
-
Council/ Gov Payments (Restricted)
-
-
-
-|
|---|---|---|---|---|
||Misc Donations (Restricted)|-|11,745||
||Misc Donations (Unrestricted)|8,497|10,491||
||Private Hire|-|-||
||Council/ Gov Payments (Restricted)|-|-||
|||-|-||
|**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**|**Total**|8,497|22,236||
||||||
||Steam Up Days (Total)|5,789|-||
||Steam Up Admissions|-|-||
||Steam Up Café|-|-||
|||-|-||
|||-|-||
||**Total**|5,789|-||
||||||
||Bank Interest 0%|-|-||
|||-|-||
|||-|-||
|||-|-||
|||-|-||
||**Total**|-|-||
||||||
||Sold Assets (Including Scrap)||1,814||
|||-|-||
|||-|-||
|||-|-||
|||-|-||
||**Total**|-|1,814||
CC17a (Excel)
2/26/2024
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.**
**Analysis**
**This year**
**Last year**
**£**
**£**
**Costs of generating**
**voluntary income**
Donation Credit Card terminals
107
Other
48
-
-
-
-
-
-|**Note 4 Analysis of resources expended**
**Resources expended may be further analysed if this would help the reader of the accounts.**
**Analysis**
**This year**
**Last year**
**£**
**£**
**Costs of generating**
**voluntary income**
Donation Credit Card terminals
107
Other
48
-
-
-
-
-
-|**Note 4 Analysis of resources expended**
**Resources expended may be further analysed if this would help the reader of the accounts.**
**Analysis**
**This year**
**Last year**
**£**
**£**
**Costs of generating**
**voluntary income**
Donation Credit Card terminals
107
Other
48
-
-
-
-
-
-|**Note 4 Analysis of resources expended**
**Resources expended may be further analysed if this would help the reader of the accounts.**
**Analysis**
**This year**
**Last year**
**£**
**£**
**Costs of generating**
**voluntary income**
Donation Credit Card terminals
107
Other
48
-
-
-
-
-
-|
|---|---|---|---|
||Donation Credit Card terminals|107||
||Other|48||
|||-|-|
|||-|-|
|||-|-|
|**Fundraising trading**
**costs**
**Investment**
**management costs**
**Charitable activities**
**Governance costs**|**Total**|155|-|
|||||
||Steam Up Days inc Café Stock|1,252|1,635|
||Vehicle Costs|2,613|-|
|||-|-|
|||-|-|
||Other Steam Up Costs|-|-|
||**Total**|3,865|1,635|
|||||
||None|-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
||Maint. Buildings & Collection|5,356|36,433|
||Website|1,023|280|
||Vehicle|-|583|
||Utilities|1,277|757|
||Other|2,445|3,270|
||**Total**|10,101|41,323|
|||||
||Setup of Trust, Legal etc|||
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
CC17a (Excel)
2/26/2024
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.**_
|||**Fundraising activity**|**Charitable Activity**|**Governance Activity**|**Total Cost**||
|---|---|---|---|---|---|---|
||**Support cost type**|**£**|**£**|**£**|**£**||
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
|||-|-|-||-|
||**Total**|-|-|-||-|
**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).**_
|**_please enter ‘None’ in the appropriate box(es)._**|||||||
|---|---|---|---|---|---|---|
|||**This year**|||**Last year**||
|**Number of trustees who were paid expenses**||**0**|||**0**||
|**Nature of the expenses**|||||||
|**Total amount paid**|**£**||**-**|**£**||**-**|
## **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).**_
||**This year**|**Last year**|
|---|---|---|
||**£**|**£**|
|**Independent examiner’s or auditors' fees for reporting on the**|||
|**accounts**|None|None|
|**Other fees (for example: advice, consultancy, accountancy services)**|||
|**paid to the independent examiner or auditor**|None|None|
CC17a (Excel)
2/26/2024
7
**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**||**This year**
**£**|**Last year**
**£**||
|---|---|---|---|---|
|||-|-||
|||-|-||
|||-|-||
|**_Please complete if a defined contribution p_**
**7.2 Average number of full-time equivalent**
**The parts of the charity in which the**
**employees work**
**7.3 Defined contribution pension scheme**
**Brief details of the scheme**
**The costs of the scheme to the charity for the y**
**The amount of any contributions outstanding at**
**The amount of any contributions prepaid at the**|**Total staff costs**
**employees in the year**|
-|-||
||||||
|||**This year**
**Number**|**Last year**
**Number**||
||**Fundraising**|-|-||
||**Charitable Activities**|-|-||
||**Governance**|-|-||
||**Other**|-|-||
||**_ension scheme is operated._**
**Total**|-|-||
||||||
||**None**||||
||**ear**
**the year end**
**year end**||||
|||**This year**
**£**|**Last year**
**£**||
|||0|0||
|||0|0||
|||0|0||
CC17a (Excel)
2/26/2024
8
**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**
||||**Grants to**||**Grants to**||
|---|---|---|---|---|---|---|
||||**institutions**||**individuals**||
||**Purpose for which grants made**||**Total amount**|**£**|**Total amount**|**£**|
|None||||-||-|
|||||-||-|
|||||-||-|
|||||||-|
|||||-|||
|||||||-|
|||||-|||
|||||||-|
|||||-|||
|||**_Total_**||**-**||**-**|
## **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.**_
||**Names of institutions**|**Purpose**||**Total amount of**
**grants paid £**|
|---|---|---|---|---|
|None||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||||-|
|||**_Total_**|**_grants to institutions_**|**-**|
CC17a (Excel)
2/26/2024
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**
|**9.1 Cost or valuation**|||||||
|---|---|---|---|---|---|---|
||**£**
**Freehold land**
**& buildings**|**£**
**Other land &**
**buildings**|**£**
**Plant,**
**machinery and**
**motor vehicles**|**£**
**Fixtures,**
**fittings and**
**equipment**|**£**
**Payments on**
**account and**
**assets under**
**construction**|**Total**
**£**|
|Balance brought
forward
Additions
Revaluations
Disposals
Transfers *|476,212|-|150|36,000|-|512,362|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
|**9.2 Accumulated depreciation and impairment provisions**
****Basis**
**** Rate**
**9.3 Net book value**
Balance carried forward
476,212
-
150
36,000
-
512,362
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
Balance brought
forward
-
-
-
-
-
-
Depreciation charge for
year
-
-
-
-
-
-
Impairment provisions
-
-
-
-
-
-
Revaluations
-
-
-
-
-
-
Disposals
-
-
-
-
-
-
Transfers*
-
-
-
-
-
-
Balance carried forward
-
-
-
-
-
-
Brought forward
476,212
-
150
36,000
-
512,362
Carried forward
476,212
-
150
36,000
-
512,362|476,212|-|150|36,000|-|512,362|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||||||||
||476,212|-|150|36,000|-|512,362|
||476,212|-|150|36,000|-|512,362|
|**_If any fixed assets have been revalued please give details of the valuer and method of valuation_**
**9.4 Revaluation**|||||||
|Museum Collection valued as scrap (by mass) from www.lkm.org.uk on 18/02/2019. The Trustees have chosen not to revalue the
collection this year.|||||||
## **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. 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)
2/26/2024
10
|**Section C Notes to the accounts**||**(cont)**|**(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||-||
## _**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**|**10.2**|**10.3**|
|---|---|---|
||**Market value at**|**Income from**|
||**year end**|**investments for**|
|||**the year**|
||**£**|**£**|
|**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**|-|-|
## **10.4 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.**
None **Investment held** 0 **Market Value**
CC17a (Excel)
2/26/2024
11
**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 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**
|**12.1 Analysis of creditors**|||||
|---|---|---|---|---|
||**Amounts falling due within**||**Amounts falling due after**||
||**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**_
CC17a (Excel)
2/26/2024
12
## **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).**
||**Fund**|**Name**|**Type PE, EE**
**or R**|**Purpose and Restrictions**|
|---|---|---|---|---|
|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**|||||**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|
|||||||
|||||||
|||||||
CC17a (Excel)
2/26/2024
13
**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.**_
|||||||||**Amounts paid or benefit value**|**Amounts paid or benefit value**||
|---|---|---|---|---|---|---|---|---|---|---|
||**Name**|**of**|**trustee**|**or**|**connected**|**party**|**Legal authority (eg order,**
**governing document)**|**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.**_
|**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.**_
|**_has a material interest._**|||||||
|---|---|---|---|---|---|---|
|**Name of the trustee or**||**Description of the**|**This year**||**Last year**||
|**related party**|**Relationship to charity**|**transaction(s)**|**£**||**£**||
|**None**||||**0**||0|
||||||||
||||||||
CC17a (Excel)
2/26/2024
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
CC17a (Excel)
2/26/2024
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CC17a IExcell
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