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2025-04-30-accounts

Trustees' Annual Report for the period

Period start date Period end date Day Month Year Day Month Year From 01 05 2024 To 30 04 2025

Section A Reference and administration details

Charity name Other names charity is known by Registered charity number (if any) 1179705

Forncett Industrial Steam Museum

Charity's principal address Kingsmuir, Low Road Forncett St Mary Norwich Postcode 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 (ifany)
Miranda Ellis-
Marchant		 Chair Whole Year
Dan Marshall-Bull Treasurer Wholeyear
Rowan Francis Trustee Wholeyear
Neal Davis Trustee Wholeyear
Tom Forster Trustee Wholeyear
Simona Pisanu Trustee Wholeyear
Taryn Everdeen Trustee From December 2024
Marcus Howes Trustee From November 2024

Names of the trustees for the charity, if any, (for example, any custodian trustees)

Name Dates acted if not for whole year

March 2012

TAR

1

Names and addresses of advisers (Optional information)
Type of adviser
Name
Address		 Names and addresses of advisers (Optional information)
Type of adviser
Name
Address		 Names and addresses of advisers (Optional information)
Type of adviser
Name
Address

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

Section B Structure, governance and management

Description of the charity’s trusts

Constitution Type of governing document (eg. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (eg. trust, association, company) Interview and review of applicants CV. Appointment by existing Trustees. Trustee selection methods (eg. appointed by, elected by)

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

To advance the education of the public in all aspects of the development of Great Britain’s industrial heritage through the provision and maintenance and demonstration of its collections of steam powered engines from the beginning of the industrial revolution to the 21[st] century. The collections are to be preserved for long term public benefit.

March 2012

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2

The museum is open to the public for static displays (free admission) two days per week, all year round. Steam powered working exhibits are demonstrated on 6 days of the year (paid admission, summer months). Additional free steam demonstrations offered in September for Heritage Open Days.

Outreach talks are provided on request.

Learning opportunities are also provided for volunteers wishing to learn more about the engines’ operation maintenance. Volunteers have the opportunity to gain work experience with the museum, in roles including engineering and visitor services.

Summary of the main activities undertaken for the public benefit in relation to In the exercise of its powers the trustees of the charity have paid due these objects (include within regards to the guidance issued by the Charity Commission on public benefit. this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

The museum is entirely volunteer run, with no paid staff.

You may choose to include further statements, where relevant, about:

March 2012

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3

Section D Achievements and performance

Summary of the main achievements of the charity during the year

The museum continues to attract new and repeat visitors, with positive feedback from visitors reflecting their learning and enjoyment. The museum has recruited several new volunteers and has supported students who are completing the Duke of Edinburgh Award.

March 2012

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4

Section E Financial review

To hold no more than one year’s operating costs in reserve.

Brief statement of the charity’s policy on reserves

Details of any funds materially N/A in deficit

Further financial review details (Optional information)

Admission charges for steam operating days and income from café and You may choose to include shop sales. additional information, where relevant about: Individual donations.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary, Chair,
etc)
Date		 M Ellis-Marchant D Marshall-Bull
Miranda Ellis-Marchant Dan Marshall-Bull

Chair		 Treasurer
24/02/2026
24/02/2026

March 2012

TAR

5

Forncett Industrial Steam Museum 1179705 CC17a
Annual accounts for the period
1-May-2024 To 30-Apr-2025
Section A Statement of financial activities
Recommended categories
by activity		 Details of own
analysis		 Note Unrestricted
funds
Restricted
income
funds		 Endowment
funds		 Total this
year		 Total last
year
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incoming resources from
generated funds		 -
-
-
-
-
Voluntary income Donations S01 14,989
8,000
-
22,989
8,185
Activities for generating funds Steam Days S02 5,011
-
-
5,011
7,882
Investment income None S03 -
-
-
-
-
Incoming resources from
charitable activities		 Scrappage S04 -
-
-
-
-
Other incoming resources None S05 -
-
-
-
-
Total incoming resources S06 20,000
8,000
-
28,000
16,067
Resources expended (Notes 4-8)
Costs of Generating Funds -
-
-
-
-
Costs of generating voluntary
income		 S07 4,904
-
-
4,904
Fundraising trading costs Steam Days + Vehicle S08 3,058
-
-
3,058
3,641
Investment management costs None S09 -
-
-
-
-
Charitable activities Maint etc S10 15,030
8,000
-
23,030
9,512
Governance costs None S11 -
-
-
-
-
Other resources expended S12 940
-
-
940
-
Total resources expended S13 23,932
8,000
-
31,932
13,153
Net incoming/(outgoing) resources before
transfers
S14		 -
3,932
-
-		 -
3,932
2,914
Gross transfers between funds S15 -
-
-
-
-
Net incoming/(outgoing) resources before other
recognised gains/(losses)
S16		 -
3,932
-
-		 -
3,932
2,914
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets for
the charity’s own use		 S17 -
-
-
-
-
Gains and losses on investment assets S18 -
-
-
-
-
Net movement in funds S19 -
3,932
-
-		 -
3,932
2,914
Total funds brought forward S20 4,746
4,793
-
9,539
6,625
Total funds carried forward S21 814
4,793
-
5,607
9,539
Section B Balance sheet Section B Balance sheet Section B Balance sheet
Note Unrestricted
funds		 Restricted
income
funds		 Endowment
funds		 Total this year Total last
year
£ £ £ £ £
Fixed assets F01 F02 F03 F04 F05
Tangible assets(Note 9) B01 250
512,312
-
512,562
512,462
B02 -
-
-
-
-
Investments (Note 10) B03 -
-
-
-
-
Total fixed assets B04 250
512,312
-
512,562
512,462
Current assets
Stock and work inprogress B05 -
-
-
-
-
Debtors (Note 11) B06 -
-
-
-
-
(Short term) investments B07 -
-
-
-
-
Cash at bank and in hand B08 514
4,062
-
4,575
4,816
Total current assets B09 514
4,062
-
4,575
4,816
Creditors: amounts falling due within
one year (Note 12)		 B10 -
-
-
-
-
Net current assets/(liabilities) B11 514
4,062
-
4,575
4,816
Total assets less current liabilities B12 764
516,374		 - 517,137
517,278
Creditors: amounts falling due after one
year (Note 12)		 B13 -
-
-
-
-
Provisions for liabilities and charges B14 -
-
-
-
-
Net assets B15 764
516,374
-
517,137
517,278
Funds of the Charity
Unrestricted funds B16 764 764
1,004
B17 - -
-
Restricted income funds (Note 13) B18 516,374 516,374
516,474
Endowment funds(Note 13) B19 -
-
-
Total funds B20 764
516,374
-
517,138
517,478
Signed by one or two trustees on behalf of all the
trustees		 Signature Print Name Date of
approval
Miranda Ellis Miranda Ellis 18/02/2026
Daniel Marshall-Bull Daniel Marshall-Bull 18/02/2026
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
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Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts
Note 1Basis ofpreparation
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.
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 charitybecomes entitled to the resources;
• the trustees are virtuallycertain theywill receive the resources;and
• the monetaryvalue can be measured with sufficient reliability.
Incoming resources with
related expenditure		 Where incoming resources have related expenditure (as with fundraising or contract income) 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 and
gifts		 Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which
they relate.
Contractual income and
performance related grants		 This is only included in the SoFA once the related goods or services have been delivered.
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
conditions		 Where the charity gives a grant with conditions for its payment being a specific level of service 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
performance conditions		 These are only recognised in the accounts when a commitment has been made and there are 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 by
charity		 These are capitalised if they can be used for more than one year, and cost at least £500. 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

Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) 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.
Analysis Thisyear Lastyear
£ £
Voluntary income Misc Donations(Restricted) 8,000
Misc Donations(Unrestricted) 14,989
8,185
Private Hire -
Council/ Gov Payments(Restricted) -
-
-
-
Total
22,989
8,185
Activities for generating funds Steam Up Days (Total) 5,011
7,882
-
-
-
-
Total
5,011
7,882
Investment income Bank Interest 0% -
-
-
-
-
-
-
-
-
-
Total
-
-
Incoming resources from
charitable activities		 Sold Assets (Including Scrap) -
-
-
-
-
-
-
-
-
-
Total
-
-
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 Thisyear Lastyear
£ £
Costs of generating
voluntary income		 Donation Credit Card terminals 102
Other 4,802
-
-
-
-
-
-
Total
4,904
-
Fundraising trading
costs		 Steam UpDays inc Café Stock 1,622
1,545
Vehicle Costs 1,437
2,096
-
-
-
-
-
-
Total
3,058
3,641
Investment
management costs		 None -
-
-
-
-
-
Total
-
-
Charitable activities Maint. Buildings & Collection 12,497
4,322
Website 619
Vehicle -
-
Utilities 869
Other 2,533
3,702
Total
15,030
9,512
Governance costs Setupof Trust, Legal etc -
-
-
-
-
-
Total
-
-
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) 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.
Support cost type Fundraising activity Charitable Activity Governance Activity Total Cost
£ £ £ £
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
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).
This year Last year
Number of trustees who were paid expenses 0 0
Nature of the expenses N/A N/A
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
Section C Notes to the accounts Section C Notes to the accounts Section C Notes to the accounts (cont) (cont)
Note 7 Paid employees
Please complete this note if the charity has any employees.
7.1 Staff Costs
This year Last year
£ £
Gross wages, salaries and benefits in kind -
-
Employer’s National Insurance costs -
-
Pension costs -
-
Total staff costs
-
-
7.2 Average number of full-time equivalent employees in the year This year Last year
Number Number
The parts of the charity in which the
employees work		 Fundraising -
-
Charitable Activities -
-
Governance -
-
Other -
-
Total
-
-
7.3 Defined contribution pension scheme
Please complete if a defined contribution pension scheme is operated.
Brief details of the scheme None
This year Last year
£ £
The costs of the scheme to the charity for the year 0 0
The amount of any contributions outstanding at the year end 0 0
The amount of any contributions prepaid at the year end 0 0
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) 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
Purpose for which grants made Grants to
institutions		 Grants to
individuals
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 begiven to provide a reasonable understanding of the range of institutions supported.
Names of institutions Purpose Total amount of
grants paid £
None -
-
-
-
-
-
-
-
-
-
**Totalgrants to institutions **
-
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) 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 &
buildings
Other land &
buildings		 Plant,
machinery and
motor vehicles		 Fixtures,
fittings and
equipment		 Payments on
account and
assets under
construction		 Total
£ £ £ £ £ £
Balance brought
forward		 476,212
-
250
36,000
-
512,462
Additions -
-
-
-
-
-
Revaluations -
-
100
-
-
100
Disposals -
-
-
-
-
-
Transfers * -
-
-
-
-
-
Balance carried forward
476,212
-
350
36,000
-
512,562
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
-
250
36,000
-
512,462
Carried forward 476,212
-
350
36,000
-
512,562
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.
Section C Notes to the accounts (cont)
Note 10 Investment assets
Please complete this note if the charity has any investment assets.
10.1 Fixed assets investments
£
Carrying (market) value at beginning of year -
Add:additions to investments at cost -
Less:disposals at carrying value -
Add/(deduct):net gain/(loss) on revaluation -
Carrying (market) value at end of year -
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
year end		 Income from
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.
Investment held None
Market Value 0
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors orprepayments.
Analysis of debtors Amounts falling due within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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 within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors orprepayments.
Analysis of debtors Amounts falling due within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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 within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors orprepayments.
Analysis of debtors Amounts falling due within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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 within
one year		 Amounts falling due after
more than one year
Thisyear Lastyear Thisyear Lastyear
£ £ £ £
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
Section C Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) 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 names Fund
balances
brought
forward		 Incoming
resources		 Outgoing
resources		 Transfers Gains and
losses		 Fund
balances
carried
forward
£ £ £ £ £ £
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
Section C Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) Notes to the accounts(cont) 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 names Fund
balances
brought
forward		 Incoming
resources		 Outgoing
resources		 Transfers Gains and
losses		 Fund
balances
carried
forward
£ £ £ £ £ £
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
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 14 Transactions with relatedparties
If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details
of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in
the relevant boxes.
14.1 Remuneration and benefits
Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other
related parties by the charity or any institution or company connected with it.
Name of trustee or connected party Legal authority (eg order,
governing document)		 Amounts paid or benefit value
Thisyear Lastyear
£ £
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
This year Last year
£ £
Due to trustees and
related parties		 None 0 0
Due from trustees and
relatedparties		 None 0 0
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party
has a material interest.
Name of the trustee or
relatedparty		 Relationship to charity Description of the
transaction(s)		 Thisyear Lastyear
£ £
None 0 0
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 14 Transactions with relatedparties
If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details
of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in
the relevant boxes.
14.1 Remuneration and benefits
Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other
related parties by the charity or any institution or company connected with it.
Name of trustee or connected party Legal authority (eg order,
governing document)		 Amounts paid or benefit value
Thisyear Lastyear
£ £
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
This year Last year
£ £
Due to trustees and
related parties		 None 0 0
Due from trustees and
relatedparties		 None 0 0
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party
has a material interest.
Name of the trustee or
relatedparty		 Relationship to charity Description of the
transaction(s)		 Thisyear Lastyear
£ £
None 0 0
Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont) Section C Notes to the accounts (cont)
Note 14 Transactions with relatedparties
If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details
of such transactions should be provided in this note. If there are no transactions to report, please enter “None” in
the relevant boxes.
14.1 Remuneration and benefits
Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee or other
related parties by the charity or any institution or company connected with it.
Name of trustee or connected party Legal authority (eg order,
governing document)		 Amounts paid or benefit value
Thisyear Lastyear
£ £
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
This year Last year
£ £
Due to trustees and
related parties		 None 0 0
Due from trustees and
relatedparties		 None 0 0
14.3 Other transaction(s) with trustees or related parties
Please give details of any transaction undertaken by (or on behalf of) the charity in which a trustee or related party
has a material interest.
Name of the trustee or
relatedparty		 Relationship to charity Description of the
transaction(s)		 Thisyear Lastyear
£ £
None 0 0

----- Start of picture text -----
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
----- End of picture text -----

Forncett Industrial Steam Museum

Scrutiny of Accounts for year 2024-25 – PENDING

We are still awaiting documentation to upload. We have not previously needed to have our accounts independently reviewed, as turnover has not exceeded the threshold.

This is needed for the 2024-25 year, but we have had difficulty finding a suitable person to carry out the work for a reasonable fee, as all of the people we have approached have either retired or moved out of the area.

Our treasurer is contacting local accountants in an attempt to get this done as soon as possible. In the meantime, to avoid delaying the rest of the charity’s annual return, and in view of the planned service outage, please accept this as notice that the required documentation will be coming as soon as is possible.

Miranda Ellis-Marchant Chair of Forncett Industrial Steam Museum 26.02.2026