2023-09-30-accounts

Trustees’ Annual Report for the period

From 01/10/2022 Period start date To 30/09/23 Period end date

Charity name: Friends of the Museum of Somerset

Charity registration number: 1188706

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 by promotion, support, assistance and improvement of The Museum of Somerset.
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	Monthly lectures, some of which are face to face and others by Zoom. Regular newsletters. Occasional visits to places of interest. Annual lecture by well-known speaker. All activities are advertised, and reports are displayed on the website and sent to local newspapers.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the public benefit guidance issued by the Charity Commission.

Additional information (optional) You may choose to include further statements where relevant about:

	SORP reference
Policy on grant making	Para 1.38	Not applicable
Policy on social investment including program related investment	Para 1.38	Not applicable
Contribution made by volunteers	Para 1.38	The charity is run exclusively by volunteers. Some speakers give their services voluntarily.

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	Annual programme of lectures and an Annual Lecture by a well-known speaker which encourage members of the public to join the Friends of the Museum of Somerset, thus enabling their subscriptions to be used to support The Museum of Somerset. In November £225 was given to purchase a play mat to improve the ambience of the room used for story telling to young children. In April £2000 was given towards the purchase of the Cheddar Brooch, a remarkable Early Medieval silver and copper alloy disc brooch from Cheddar, dating to c. AD 800-900.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The annual profit was £1294.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Reserves are held to be available to assist The Museum in purchases of specific objects or for specific projects e.g. conservation of a picture. At present, £5130 is earmarked to help with the purchase of a Roman ring (£1000), display of the Cheddar Brooch (£4000) and the purchase of a lectern (£130). A further £2405 is set aside for The Museum to use in ways that will enhance their visitors’ experience.
Amount of reserves held	Para 1.22	£18,567
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24	FOTMOS has no deficits.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	An ageing membership, and reluctance of members willing to become trustees.
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	Membership subscriptions are the chief source of funds, supplemented by the sale of second-hand books, permanently on display at the Museum, occasional plant sales, raffles and quizzes.
Investment policy and objectives including any social investment policy adopted	Para 1.46	Money is invested, where possible in higher earning accounts, but with the need to access funds being the chief consideration.
A description of the principal risks facing the charity	Para 1.46	Lack of members willing to become trustees.
Other		The decline in membership appears to have been halted, but greater numbers have necessitated moving to a larger, more expensive, venue.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution derived from Charity Commission template.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
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	Trustees elected each year by members at the Annual General Meeting. Officers are elected at the AGM from amongst the trustees. The trustees may co-opt further 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
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	The trustees hold regular quarterly meetings.
Relationship with any related parties	Para 1.51	The Head of Museums at the South West Heritage Trust, the Museums Operations manager, the Curator of Archaeology and the Museum of Somerset Manager regularly attend trustees’ meetings to advise on needs.
Other

Reference and Administrative details

Charity name	Friends of the Museum of Somerset
Other name the charity uses	FOTMOS
Registered charity number	1188706
Charity’s principal address	The Museum of Somerset, Castle Green, Taunton TA1 4AA

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)
	Chris Cooper	Chair
	Chris Jessop	Secretary
	Barbara Cooper	Treasurer
	WendyFlint
	LesleyHerriot
	Marion Holley
	Brian Hunter
	Veronica Matthews
	Lauraine Newcombe
	Donald Ruffell

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

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

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

Other optional information

Declarations

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

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc)

Date

	Friends of the Museum of Somerset	Friends of the Museum of Somerset	Friends of the Museum of Somerset	1188706	CC16a
	For the period from	10/1/2022	To	9/30/2023
Section A Receipts and payments
A1 Receipts 1,644 Fund Raising 939 Gift Aid 259 Bank Interest 132 Visits 192 Events 1,582 Donations 34 Miscellaneous 69 4,851 - - Sub total - Total receipts 4,851 A3 Payments Donations to Museum 2,223 Speakers 217 Insurance 96 Website hostingand maintenance 56 Printing , postage and stationery 5 Visits 130 Events 659 Venue 72 Miscellaneous 100 Sub total 3,558 - - Sub total - Total payments 3,558 Net of receipts/(payments) 1,293 A5 Transfers between funds - A6 Cash funds last year end 20,235 Cash funds this year end 21,528 Unrestricted funds to the nearest £ Members' Subscriptions Sub total(Gross income for AR) A2 Asset and investment sales, (see table). A4 Asset and investment purchases, (see table)		to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Restricted funds	to the nearest £ Endowment funds	Total funds to the nearest £ 1,644 939 259 132 192 1,582 34 69 4,851 - - - 4,851 2,223 217 96 56 5 130 659 72 100 3,558 - - - 3,558 1,293 - 20,235 21,528	Last year to the nearest £
			-	1,644	1,332
			-	939	637
			-	259	567
			-	132	73
			-	192	540
			-	1,582	592
			-	34	156
			-	69	-
			-	4,851	3,897
			-	-
			-	-	-
			-	-	-
			-	4,851	3,897
			-	2,223	2,200
			-	217	490
			-	96	96
			-	56	45
			-	5	-
			-	130	542
			-	659	100
			-	72	72
			-	100	-
			-	3,558	3,545
			-	-
			-	-
			-	-	-
			-	3,558	3,545
		-	-	1,293	352
		-	-	-	-
		-	-	20,235	-
		-	-	21,528	352

Section B Statement of assets and liabilities at the end of the period

Categories B1 Cash funds B2 Other monetary assets B3 Investment assets B5 Liabilities B4 Assets retained for the charity’s own use	Details Co-operative Account Ecology Building Society United Trust Bank Details Details Details Details Total cash funds (agree balances with receipts and payments account(s))	to nearest £ 2,461 6,567 12,500 21,528 OK to nearest £ - - - - - - Unrestricted funds Unrestricted funds Fund to which asset belongs Fund to which asset belongs Fund to which liability relates	to nearest £ - - - OK to nearest £ - - - - - - Cost (optional) - - - - - Cost (optional) - - - - - - - - - - - - - - Restricted funds Restricted funds Amount due (optional)	to nearest £ Endowment funds
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				to nearest £ Endowment funds
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				Current value (optional)
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				Current value (optional)
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				When due (optional)
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Signed by one or two trustees on behalf of all the trustees

Signature

Print Name

Date of approval