Charity registration number. 1190620
Chard & District Museum
Annual Report and Financial Statements
ft)r the Year Ended 31 March 2025
WESTCOTTS
¢HARTEaED ACCOUNTANT
& BUSINESS ADVISEAS

Chard & District Museum
Contents (continued
Reference 8nd Adminislralive Details
Trustees, Report
2to6
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes lo the Financial Slalements
1010 19

Chard & District Museum
Reforence and Administrativ• Details
Chaimian
Dr H Bailey
Trustee8
MrVALean
Dr H Bai18y
qls E PJTn
Mrs S Dowell
MISS C Rlchter
Mr D Tucker
Mr C Hussey
1190620
Charlty Reglstratlon Numbor
Prlncipal Office
Godworthy House
Hlgh Street
Chard
Sornerset
TA20 1QB
Thcrfnas Sluckey FCCA
Westo)tts {SW) LLP
Tirrt)8rfy
South Street
A¥minster
D8von
EX13 SAD
Page 1

Chard & District Museum
Trustees. Report
The trustees present the annual reporl tcoelhor with Ihe financial stalements of the Charity for the year
ende(131 Ma¥¢h 2025.
Objectlvey and actlvltles
ObJ￿ts and alm$
The charitys objects are..
Al The advan¢8m?nt of education, learning an(1 kr￿ledge by the provision and maintenance of a
public museum in Godworthy House in the town of Chard or such other building or buildings as may
from time to lime be acquired by the Clo-,
Bl The collection. preservation and exhtbilion in svch building of artefacts, piclures, maps. letters,
documents and other items of historical, geographical or geolo9ical interest relating to the history.
geogrdphy and geology of Chard and its surrounding district.
The Iruslees consider that throughout the pèriod 8ndad 31 March 2025 the charity has undertaken
activities and projects in order to continue to successfully fulfil ils charttable objectives.
Publlc beneflt
The charity operal&s a rnus8um and as such considers itself to be a public benefit entity.
The trustees confirm that they have complied wilh Ihe requirernents of section 17 of the Charitles Act
2011 to have due regaré lo the public benefrt guidance published by the Charty Commission for
En918nd and Wales.
Flnanclal revlew
During the year the charity received income totalling £16,199 of which £4.049 w8s reslricte(l and
incurred expenditure of £37,026 of which £17,881 was restricted. As at 31 March 2025, the charitable
Company had restricted funds of 49.091 {2024 - £51,791) and unrestricted fund5 of £86,458 12024
£104,585).
Policy on TpseNes
11 is the charitys ambition lo hold reserves that allow the charity lo fulfil both ￿ short-temi operational
objectives and also longer-term strateglc objectives. Ajlhough the charty is not currerbtly in a posllion
where it can stete il holds sufficient reserves lo meet all of its ambitions. the trustees are confident
that the Current level of reserves would allow tha conlinued operation of the museum for 8 period of
12 months froffl the dale of this report wbth little lo no income.
Twstees and officers
The trustees and officers serving during the year and since the year end wer8 as follows".
P￿e2

Chard & District Museum
Trustses, Report {¢ontinued)
Trustees..
MrVALean
Dr H Bailey
Mr N Rice {resigned 9 July 20251
Mrs E Pym
Mrs S Dowell
Mr L Talmage Iresigned g July 20251
Mrs L Johnson-ldan (resigned 9 July 20251
Miss C Richter
Mr D Tucker18ppointed 11 Novernber 20241
Mr C Hussey lappoinled 11 November 20241
Chairman..
Dr H Bailey
structure, govemance and managoment
Nature of governing document
The Charity is a Charitable Incorporated Oryanisalion ICIOI. first registered with the Charily
Commission on the 29 July 2020. On the 10 November 2021, all funds from the unincorporated
charity "Chard and District Museum Icharily number.. 2701861 were transferred lo the CIO, thereby
completion of the conversion of the charity to its new legal form.
Organlsational stru¢ture, trustee induetlon and training
The board of Iruslees, which meet al least quarterly, is responsible for the charity. Trustees are
appointed in accordance with the charity's governing documents. New Iruslees are appointed, when
necessary, in order for the board lo have the broad range of knowledge and skills necessary to
administer the charity effectively. New Iruslees are provided with key documents. training and
indudion by existing trustees.
Page 3

Chard & District Musaum
Trustees, Report (continued)
Introduction
Chard Museum Is housed in several grade ￿40 listed buildings. Chard is a small market town located
in south Somersel. Ils population is approximately 14287 Icensus 20211. The Museum is situated
close lo Chard Town Centre.
Godworthy HoLtse is the oldest structure on sile. 11 is a Ihalched stone building, dating from the earfy
16th century. Adjacent lo Godworthy, is The New Inn, an early Victorian public house dating back lo
the 1830's. Other Museum buildings include a Victorian skittle alley circa 1850, and a more modem
flat roofed Barn constructed in the 1gg0's. Finally, lo the rear of the Bam is a large, grassed paddock
area.
Chard Museum has been in existence for 55 years,. It is wn by a volunteer Board of Trustees. The
Trustees are supported by an enthusiastic group of local volunteers. It celebrates the heritage and
stories of Chard, ils residents and the surrounding villages. The Museum holds a collection of over ten
thousand artefacls.
Distinctive groups of its artef8CtS are of national importance. These include James Gillingham. a
pioneer in the development of prosthetics., John Stringfellow, a litlle-known Victorian pioneer who
evolved the concept of the flying machine,. Margaret Bondfield who became the lir51 female cabinet
minister.. and James Gifford. The Gifford family owned one of 5 Lace Mills in the town. He was 2
leading light in developing X-Ray5.
Converting to Charitable Incorporated Organisalion ICIOI in 2020 offered the Trustees the opportunity
to buy the leasehold from South Somersel District Council. This purch8se was c()mpleted in April
2022.
The Museum ¢onlinue5 to build ils displays and exhibitions programme. Phase 2 of Buildlng the
Vision. Resilience through Stories and Spaces identified the importance of widening OLJr displays and
exhibition5. The Collection and Display group commilled to the theme of Industry in 2025. In the Barn
lemporary exhibits focused on Dening's recalling the heavy engineering Industry in Chard and then,
working in partnership with Numalic. a display about the growth of Henry the Vacuum Cleaner.
General visitors or wglk-in numbers have not returned to the levels pre-covid. Although neither have
our opening times. We have increased the number of groups who visit the Museum. These have
included local organisalions including the U3A, Chard Inner Wheel, and the Membury History Group.
We have also stayed open for 12 months. We aGhieved this by implementing a Tours booking system
over the Winter period.
Another success has been the development of the school's programme. In the academi¢ year
2021-2022 we welcomed just over 400 pupils. This equated to 16 individual visits. During the
academic year 2024-25, we will have weleomed just under 1700 pupils. This equ31es lo an increase
10 68 visits. Our programme has COVe￿d a third of the academic year. This increas8 has not come
about ￿thOut challenges. The Trustees are having to explore ways to resource the programme,
growth.
Page 4

Chard & District Museum
Trustees, Report (continued)
We ￿ntinUe to actively engage in the Gommunity with our Museum wilhoul Wa115 initiative. We
or9ani5ed or allended 38 community programrnes between April lo March 2025. These includèd
coordinating the Chard Heritage, Music and Arts Festival al the end of July, severol Chard Revealed
promotions and Margaret Bondfield Birthday Bash events.
In terms of living and breathing our strap line 'uncovering and maintaining yesterday's heritage,
history and Hidden stories, il is suggested that we have had another successful year. However, this
has not come wilhoul challenges. As Trustees and ctslleague5, we do have sorne serious questions lo
reflect on. We must look al our volunteer recruilmenl programrne. This is a question facing all
community organisalions and not unique lo the Museum.
We need to be more analytical in deciding what are our museum priorities. Vve do tend lo take on loo
much. If or when we ale successful in our Building the Vision bid delivering those deliverables will
have a huge impact on our workload.
2024-25 saw the completion of Phase 2 of 50 Years and Beyond." Building Resilience through Stories
and Spaees. These were Ixjth delivered through funding from National Lottery Heritage Fund (NLHF)
This funding enabled us lo employ a series of independent heritage specialists to help guide us 10
deliver both projects and plan for the future.
The Stories projeel gave us a clearer understanding of how the people of Chard view the Museum
and how they want us lo evolve in the future. This was achieved through a series of creative
workshops and face lo face discussions with, for example schools. community organisalions and
infm5tructure organisalions. As a result, the Museum re-wrote ils three-year Business plan and are
aligning this with our Strategic Business Objectives12025-20281.
The sPa￿s project delivered a report on the historical significance of our Grade 2 listed buildings.
This report researched the building'5 history back to the early 16th Century. This is essential in
SUPPOrting us lo meet planning requirements through Somerset Council. 11 facililaled the Museum lo
submit a pre-planning application to develop the Museums Vision for the Future.
11 also produced an architecture feasibility study delivering a vision of how the Museum galleries and
buildings could evolve in the future. The focus of this study wa5 to enable us to become a more
effective and economically sustainable museum and community building.
As a result of the work undertaken in 2024-25 and moving into the later part of 2025 and early 2026
we were successful in a grant application lo commission a security audit. The audit is scheduled to
lake place in August 2025.
The Museum 15 olso applying lo South Wesl Museum Development to partieipale in an Organisalion
Health Check process. This will upgrade a previous ileralion completed in 2022. If our bid is
successful, this should be completed in January 2026. Further the Museum has applied lo participate
in Volunteering Fil for the Future. The six-monlh programme, starting in December 2025 will support
us to con501idate and upgrade our Volunteer Recruitrnent and Management systems.
Page 5

Chard & District Museum
Trustees, Report (continued)
Statement of Trustees. Responsibilities
The trustees are responsible for preparing the trustees, report and the financial slalements in
accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practs￿l and applicable law and regulations.
The law applicable lo charities requires the Iruslees lo prepare financial statements lor each financial
year which give a true and fair view of the state of affairs ol IhÉ charity and of the incoming resources
and application of resources of the charity for that period. In preparing these financial 51akments, the
Iruslees are required lo".
select suitable accounting policies and then apply them consistently..
obseNe the rnelhods and principles in the Charities SORP;
make judgements and eslimales that are reasonable Ènd prudent.,
stale whether applicable accounting standards have been lollowed, subject lo any material
departures disclosed and explained in the financi81 statements., and
prepare the financial 51alemenls on the going concern basis unless il is inappropriate lo presume
Ihal the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any lime the linancial position of the charity and enable them lo ensure that the financial
slalemenls comply wth the ChaTilies Act 2011, the Charities IAccounts and Reports) Regulations
2008, and the provisions of the conslilution. The Iruslees are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
The trustees are responsible for the maintenance and integrity of the corpoffjle and financial
information included on the charilable company's website. Legislation goveming the preparation and
dissemination of financial slalemenls may differ from legislatson in other jurisdictions.
The annual report was approved by the trustees of the charity on .?.3.-01-.26. and signed on ils
behalf by..
DrH
Chai
Bailey
man and Iruslee
Page 6

Chard & District Museum
Independent Examiner's Report to the trustees of Chard & District Museum
I report to the trustees on my examination of the accounts of Chard & District Museum for the period
ended 31 March 2025.
Responslbllities and basls of report
As the charity Iruslees of Chard & District Museum you are responsible for the preparation of the
accounts in accordance with the fftquirements of the Charities Act 2011 1.the Acl'l.
I report in respect of my examination of the Chard & District Museum'5 ¥ccounls carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable
Directions given by the Charity Commission under Section 14515llbl of the Act.
Indepgndent examlner's Statement
I have completed my examination. I confimi that no material matters have come lo my attention in
connection with the examination giving me cause lo believe that in any material respect..
1. accounting records were not kept in respect of Chard & District Museum as required by section
130 of the Act., or
2. the accounts do not accord with those records." Dr
3. the accounts do not comply with the accounting requirements concerning the form ?nd content ol
accounts Sel out in the Charities (Aecounts and Reports) Regulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matter considered as part
of an independent examination.
I have no GonGerns and have come across no other matters in connection with the examination lo
which attention should be drawn in this report in order lo enable a proper understanding of the
aocount5 to be reached.
Thomas Sluckey FCCA
Westcotts (SWI LLP
Timberly
South Street
Axminsler
Devon
EX13 SAD
Dale..
..a6./6A/2g2è..
Page 7

Chard & District Museum
Statement of Financial Activities for the Year Ended 31 March 2025
Unrestricted
funds
Restricted
funds
Total
2025
Total
2024
Note
Income and Endowments from:
Donations and legacies
Charitable activities
Investment income
other income
6.000
4,466
1,684
4,049
10,049
4.466
1,684
79,673
4,823
541
Total income
12,150
4,049
16,199
86,168
Expenditure on:
Raising funds
Charitable activities
13891
118,756
13891
36,637
1306)
64,7561
17,881
Total expenditure
19,145
17,881
37,026
65,062
Nel lexpenditurellincome
Gross transfers be￿een
funds
16,9951
113,8321
120,8271
21,106
11,132
11,132
Nel movement in funds
118,127}
12,7001
{20,8271
21,1(
Reconciliation of funds
Total funds brought forward
Total fvnds carried forward ie
104,585
51,791
156,376
135,270
86,458
49,091
135,549
156,376
All of the charity's activib'es derive from continuing operations during the above tsvo periods.
The funds breakdown for 2024 is shown in note 16.
The notes on pages 10 to 19 form an integral part of these financial slalements.
Page 8

Chard & District Museum
(Registration number: 1190620)
Balance Sheet as at 31 March 2025
2025
2024
Note
Fixed assets
Tgngible assets
12
90,563
91.204
Current assets
Stocks
Cash al bank and in hand
13
14
402
45,905
46,307
589
68,201
68,790
3,618
CredStors: Amounts falllng due wlthln one year
Net current assets
15
1.321
44,986
65,172
156, 376
Net assets
135,549
Funds of the Charity:
Restrlcted income funds
Resliicled funds
49.091
51,791
Unrestrlcted income funds
Unreslriclgd funds
86.458
104,585
Total funds
16
135,549
156,376
The financial 5talemenls on pages 8 10 19 were approved by the trustees, and authorised for issue on
a3101./i.&.. and signed on their behalf by..
Dr
Chair
ail&y
an and trustee
The notes on pages 10 to 19 form an integral part ol these financial statements.
Page 9

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
1 Aecounting policigs
statement of compliance
The linanGial slalemenls have been prepared in accordance with the second edition of the Charities
Slalement of Recommended Practice issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011.
Basis of preparation
Chard & District Museum meets the definition of a publi¢ benefit entity under FRS 102. The accounts
(financial slatementsl have been prepared under the historical cost eonvenlion with items ￿e0gnised
at cost or transaction value unless otherwise slated in the relevant notelsl lo these accounts.
Going concern
The Iru-tcca ¢on47idor th81 Ihcre 8re no material uncert8intieg 8bout the charity'8 Ability lo continue as
a going concern.
Judgèments and key sources of estimation uncertainty
The preparation of the financial slatemenls iequires management lo make judgements, estimates and
assumptlon that affect the amounts reported. These eslimales and judgements are continually
reviewed and are based on experien¢e and other factors, including expectations of future events that
are believed lo be reasonable under the circumstances. Accounting eslirnates an(J assumptions are
made concerning the future and, by their nature. will rarely equal the olated actual outGome.
Income and endowments
Voluntary inctsme including donations, gifts, legacies and grants that provide core funding or are of a
general nature is recognised when the charity has enlillement lo the income. il is probable that the
income will be received and the amount can be measured with sufficient reliability.
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is prob8ble and the
amount can be reliably measured.
Grants reeelvable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to
the grants have been met. Where performance conditions a￿ allached to the grant and are yel lo be
met, the income is recognised as a liability and included on the balance sheet as deferred income to
be released.
Glftaid
Incoming resources from tax reclaims are included in the Statement of Financial Activities al the same
lime as the gift lo which they relate.
Investment Income
Bank interest is recognised once il has been received.
Page 10

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
Expenditure
All expenditure is recognised once there is a legal or conslruclive obligation lo that expenditure, il is
probable settlement is required and the amount can be measured reliably. All costs are allocated to
the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot
be directly atlribuled to parhcular headings they have been allocated on a basis consistent with the
use ol resources, with central staff costs allocated on the basis of lime spent, and depreciation
charges allocated on the portion of the asseys use. Other support costs 8re allocated based on the
spread of staff costs.
Ralsing funds
These are costs incurred in attracting voluntary income, the management of investment5 and those
incurred in trading activities that raise funds.
Charitable actiTViti6s
Charitable expenditure Comprises those costs incurred by the charity in the delivery of ils activities
and services for ils beneficiaries. It includes both costs that can be allocated directly to such activities
and those c05t5 of an indirect nature necessary lo support them.
Support costs
Support costs include central functions and have been 8lloealed to activity cost categories on a basis
consislenl with the use of resources, for example, allocating property costs by floor areas, or per
capila, staff costs by the time spent and other costs by thèir u$age.
Government grants
Government grants are recognised based on the accrual model and are measured al the fair value of
the asset received or receivable. Grant5 are classified as relating either to revenue or to assets.
Gran15 relating to revenue are recogni5ed in income over the period in which the related costs are
recognised. Grants relating lo assets are recognised over the expected useful life of the asset. Where
part of a giant relating lo an asset is deferred. it is recognised as deferred income.
Taxation
The charity is considered to pass the tests sel out in Paragraph 1 Schedule 6 of the Finance Act 2010
and therefore il meets the definition of a charitable company for UK corporation lax purposes.
Accordingly, the charity is potentially exempl from taxation in respect of income or capital gains
received within categorie5 covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to ¢harilable purposes.
Tanglble fixed assets
Individual fixed a55els costing £100.00 or more a￿ initially recorded at cost.
Depreeiation and amortlsation
Depieciation is provided on tangible fixed assets so as to write off the cost or valuation, less any
eslimaled residual value, over their expected useful economic life as follows..
Asset class
Buildings
Depreclatlon method and rate
Over 25 years straight line
Page11

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued
Stock
Stock is valued at the lower of cosl and estimated selling price less costs lo complete and sell, after
due regard for obsolete and glow moving stocks. Cost is determined using the firsl-in. firsl-out IFIFOI.
Cash and cash equlvalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly
liquid investments that are readily converb'ble to a known amount of cash and are subject to an
insignificant risk of change in value.
Fund structure
Unreslricled income funds are genefftl funds that are available for use al the Iruslees discretion in
furtherance of the objectives of the charity.
Designated funds are unrestricted ftjnds sel aside for specific purposes al the discretion of the
Iruslees.
Reslricled income funds are those donated for use in a particular area or for specific Purposes, the
use ol which is restricted to that area or purpose.
Financial instruments
Classrfication
Financial assets and financial liabilities are recognised when the charity becomes a party to the
contractual provisions ol the inslrumenl.
Financial liabilities and equity instrumÈnls are classified according to the substance of the contractual
arrangements entered into. An equity instrument Is any contract that evidences a residual interest in
the assets of the charity after deducting all of ils liabilities.
Recognltlon and measurement
All financial assets and liabilities are initially measured at transaction price {inc5uding transaction
costs), except for those financial assets classified as at fair value through profit or 1055, which are
initially measured at fair value (which is normally the transaction price excluding transaction coslsl.
unless th8 arrangement conslilules a fi'nancing tran58Glion. If an arrangement constilules a financing
transaction, the financial asset or financial liability is measured al the present value of the future
payments discounted al a market rate of interest for a sirnilar debt instrument.
Financial assets and liabilities are only offset in the slalement of financial position when, and only
when there exists a legally enforceable right to sel off the recognised amounts and the charity intends
either to sellle on a nel basis. or lo realise the asset and setde the liability simultaneou51y.
Financial assets are derecognised when and only when al the contractual rights lo the cash flows
from the financial asset expire or are settled. bl the charity transfers lo another party substantially all
of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained
some. but not all, signifi'cant risks and rewards of ownership, has transferred control of the asset lo
another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged,
cancelled or expires.
Page 12

Chard & District Museum
Notes to the Flnancial Statements for the Year Ended 31 March 2025
(continued
Falr value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When
quoted prices are unavailable, the price of a recent transaction for an identical asset provides
evidence of fair value as long as there has not been a significant change in economic circumstance5
or a 51gnificanl lapse of time since the transaction look place. If the market is not active and recent
transactions of an identical asset on their own are not a good estimate of fair value, the fair value is
estimated by using a valuation technique.
2 Ineome from donations and legacies
Unrestrictgd
funds
General
Restricted
funds
Totsl
2025
Donations and legacies.,
Donations from individuals
Grants, including capit81 gr8nl$',
Government grants
Grants fiom other charities
Other income from donations and legacies
3,897
3.897
1,000
1,000
4,049
1,103
10,049
4,049
1,103
6.000
4,049
Unrestricted
funds
Genoral
Restrlcted
funds
Total
2024
Donatlons and legacies
Appeals and donations
Grants, including capital grants..
Government grants
Grants frorn other charities
Other income from donations and legacies
5.585
5.58S
14,335
650
1,506
14,335
58,247
1.506
57,597
22,076
57,597
79,673
3 Income from charitable activities
Unrestrlcted
funds
General
Total
2025
Admissions
Shop sales
Talks and research
3,706
297
463
3,706
297
463
4,466
4,466
Page 13

Chard & District Museum
Notes to the Financial Statements for tha Year Ended 31 March 2025
Icontinued)
Unrestrlcted
funds
General
Total
2024
Admissions
Shop sales
Talks and research
3.182
398
1,243
3,182
398
1,243
4,823
4,823
4 Investment income
Unrestricted
fund5
GoneTal
Total
2025
Interest receivable and similar income..
Interest receivable on bank deposits
1.684
1,684
1,884
1,684
Unrestrlcted
funds
Genoral
Total
2024
Interest receivable and similar income;
Interest receivable on bank deposits
1.131
1,131
1.131
1,131
5 Other Income
Unrestricted
funds
General
Total
2025
Total
2024
Business rates rebate
541
541
Page 14

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
6 Expendlture on raising funds
al Costs of tradlng activities
Unrestricted
funds
General
Total
2025
Note
Costs of goods sold
389
389
389
389
Unrestricted
funds
General
Total
2024
Note
Costs of goods sold
306
306
306
306
7 Expenditure on charltable activitigs
Unrestriclod
funds
General
Restricted
funds
Total
2025
Note
Running of Museum and building
Aclivitses and exhibition costs
Support costs
Allocated support costs
11,719
5,239
1,697
101
200
17,681
11,919
22,920
1,697
101
18,756
17,881
36.637
Unrgstricted
funds
General
Restricted
funds
Total
2024
Note
Running of Museum and building
Activities and exhibition costs
Support Gosls
20,397
5,970
2,627
3,065
32.697
23,482
38,667
2.627
28,994
35,762
64,756
Page 15

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued
8 Net incomingloutgoing resources
Net loutgoingllincoming resources for the year include..
2025
2024
Depreciation of fixed assets
101
9 Tru8tee8 remuneration and expenses
No Iruslees, nor any persons connected with them. have received any remuneration from the charity
during the year.
No tru51ees have received any other benefits from the charity during the year.
10 Staff costs
The average head count of employees during the year was Nil12024 - Nill.
No employee received emoluments of more than £60,000 during the year12024 Nil).
11 Independent examlnerfs remuneration
2025
2024
Examination Of the financial statements
555
516
12 Tangible fixed assets
Furnituro
and
equlpment
Land and
buildlngs
Thatching
Total
Cost
At 1 April 2024
Additions
51,536
14,535
26,180
77,716
15.042
507
At 31 March 2025
66,071
507
26,180
92.758
DeprÈeiation
At 1 April 2024
Charge for the year
At 31 March 2025
1,047
1.047
1,047
1,148
101
101
2,195
Net book value
Al 31 March 2025
66,071
406
24.086
90.563
At 31 March 2024
51,53S
Pagg 16
25.133
76,669

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued)
13 Stock
2025
2024
Stocks
402
589
14 Cash and cash equlvalents
2025
2024
Cash or¢ hand
Cash at bank
6S
45,840
65
68,136
68,201
12,456
45.905
Bank overdraft5
Cash and cash equivalents in 51alement of cash flow5
45,905
65.745
15 Credltors: amounts falling due within one year
2025
2024
Bank overdrafts
Accruals
2,456
1,162
3,618
1,321
1,321
16 Fund$
Balance at
1 Aprll
2024
Balance at
31 March
2025
Incomlng Resources
rèsources
expended
Transfer
Unrestricted funds
General
General Fund5
84,541
12,150
119,1451
(11,1321
66.414
Designated
Designated Funds
Total unrestrlcted funds
20,044
20,044
104,585
12,150
19,145
{11.1321
86,458
Page 17

Chard & District Museum
Notes to the Financial Statemènts for the Year Ended 31 March 2025
(continued)
Balance at
1 April
2024
Balanee at
31 March
2025
Incoming Resources
resources
expended
Transfers
Re$trietèd funds
John Slringfellow bequest
Claik Found81ion
Thatching
Archileclural Heritage
Fund
NHLF Funded - 50 years
and beyond stories
29,956
29.956
4,800
12001
4,600
14.535
14,535
2,500
51.791
17,681
17.881)
11,132
11,132
4,049
49,091
Total funds
156.376
16,199
137,0261
135,549
Balance at 1
January
2023
Balance at
31 March
2024
Incomlng
resources
Resources
expended
Unrestricted funds
General
General Funds
85,270
28,571
129,300)
84.541
Deslgnated
Designated Funds
20,044
20.044
Total unrestricted funds
105,314
28,571
129.3001
104,585
Restricted funds
John Slringfellow bequest
Clark Foundation - Thatching
Archileclural Heritage Fund
NHLF Funded- 50 years and
beyond storie5
29,956
29,956
4,800
14.535
5,000
17,400
12001
{2,8651
35,197
57,597
32.697
2,500
29,956
35,762
51,791
Total funds
135,270
86,168
65,062
156,376
Page 18

Chard & District Museum
Notes to the Financial Statements for the Year Ended 31 March 2025
(continued}
The specific purposes for which the funds are lo be applied are as follows..
John Slringfellow bequest.. Sn 1998. the museum was kindly left a bequest by the great grandrjaughter
of John Slringfellow. This restricted fund can be used for any purpose in connecb'on with the life and
work of John Stringfellow.
Clark Foundation Thatching.. A restricted fund eonlribuling towards the capital costs of re-lhatching
the museum building.
Archileclural Heritage Fund.. Capital and ￿VenUe grant awarded in ¢onneelion with improvements lo
the museum building. This is ongoing and the capital costs can be seen within assets under
conslruclion.
NHLF Funded 50 Years and beyond stories project.. Kindly supported by the National Heritage
Lollery fund. This is a large ongoing project to support the development of the museum, allowing
increased engagement and making the museum a viable organi5alion for years lo come.
17 Analysi5 of net assets between funds
Unrestricted
funds
General
Total funds
at 31 March
2025
Re8trTCted
funds
Tangible fixed assets
Current assets
Current liabilities
71,428
16,351
11,321
19,135
29.956
90,563
46,307
{1,3211
135,549
Total net assets
86,458
49,091
Unrestrlcted
funds
General
Total funds
at 31 March
2024
Re5tri¢tpd
fund5
Tangible fixed assets
Current assets
Current liabilities
71.869
36,334
3,618
19,335
32,456
91,204
68,790
13,6181
156,376
Total net assets
104,586
51,791
18 Related party transactions
There were no related party transactions in the year {2024.' £Nill.
Page 19