2021-12-31-accounts

	Type ofgoverning document	Type ofgoverning document	Constitution
	How the charity is constituted		The Society is an unincorporated association established as a trust for foundation ofa charity by deed dated 30'" May 1974.	the
			Chard 8 District Museum became a CIO on the 29'" July 2020. The old
			unincorporated charity has been placed on the Charities Merger List. As
			such the old charit 270186has been wound u .
	Trustee selection methods		The Museum Committee is the governing body responsible for the day day running ofthe Museum, the members ofwhich are the Trustees. It	to will
			consist of not more than ten members elected at the annual general meetin see rule 9c.The Committee ma fill an vacanc b co-o tion.
Additional governance issues			(Optional information)
You may choose to include
additional information, where
relevant, about:
	policies and procedures		Are in accordance with Charity Commission requirements.
	adopted for the induction	and
	training oftrustees;
~	the charity's organisational structure and any wider network with which the charity works;		Up to ten trustees some with specific designated roles and responsibilities. Guidance 8 advice from SW Heritage MDO. The trust follows guidance from both Arts Council UK 8 Association of independent Museums (AIM)
~ ~	relationship with any related parties; trustees' consideration of major risks and the system		Chard Town Council SW Heritage Trust Association of Independent Museums (AIM) Arts Council accreditation on 5 yearly basis
	and procedures to manage them.		Risk assessment policy exists reviewed annually Charity became a CIO in 2020 to reduce the financial risk to trustees.
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			The objects ofthe Society shall be:
			(a) the advancement of education, learning and knowledge	by
			the provision and maintenance ofa Public Museum in
			Godworthy House in the town ofChard or such other
Summary ofthe objects ofthe charity set out in its governing document			building or buildings as may from time to time be acquired by the Society (b) The exhibition in such building ofartefacts, pictures, maps, letters, documents and other items of historical,
			geographical or geological interest relating to the history,
			geography and geology ofChard and its surrounding
			district.

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							~ Due to the continuation of the		pandemic		which			limited		opening
							times both visitor 8 volunteer	were		reduced		from		pre-Covid			levels.
							As a result, operational income		levels remained					reduced		with the
							museum requiring Central	Government			Hospitality				Grants			to
							remain buoyant 8 avoid reduction			of museum			reserves.
Brief statement charity's policy				ofthe on reserves			The museum has a restricted fund 8 a designated contingency fund: The restricted fund created from a bequest by Miss Irene White. Terms of her will specifies the use to which the fund may be put to.
							Prior to the imminent purchase of	the		museum		trustees			have		voted
							f25,000to be withdrawn from the museum			reserves.			The reserves				policy
							has been updated as follows
							Strategic reserve —f15,000
							Project reserve - f15,000
							Operational reserve - f15000
							Drawdown will commence in early 2022		prior to purchase.
							A successful revaluation request for the		period up to 2017has						been
							made to Valuation Office Agency via	our	appointed			agent, Lambert					Smith
							Hampton. The result ofthis challenge	has		seen the		rateable value				ofthe
							museum reduce from 223,000tof3500.
Details ofany funds in deficit					materially		There are none
Further financial				review		details	(Optional information)
You may		choose to			include
additional		information,			where
relevant		about:
~	the charity's		principal
	sources offunds				(including
	any fundraising);
~	how expenditure				has
	supported the			key objectives
	ofthe	charity;
~	Relevant investment					policy
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