**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)
- (eg. trust, association, company)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the charity’s organisational structure and any wider network with which the charity works;
- relationship with any related parties;
- trustees’ consideration of major risks and the system and procedures to manage them.
## **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**
**TAR**
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:
- policy on grantmaking;
- policy programme related investment;
- contribution made by volunteers.
March **2012**
**TAR**
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**
**TAR**
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.
- the charity’s principal sources of funds (including Fundraising appeals and grant applications to support specific projects any fundraising); (none in the 2024-25 financial year).
- • how expenditure has supported the key objectives of the charity;
- investment policy and objectives including any ethical investment policy adopted.
## **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
tools menu|||||||||
|**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 1**Basis 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