## **Trustees’ Annual Report for the period** ## **From 02/03/22 Period start date To 30/09/22 Period end date** ## **Charity name: The Somerscience Trust** ## **Charity registration number: 1198113** ## **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**
**in Somerset in science, technology,**
**mathematics and engineering and to**
**promote public engagement in all**
**aspects of STEM developments for the**
**public benefit**| |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|**This short first period was spent in**
**successfully identifying a voluntary**
**implementation team for the festival**
**which would be the vehicle to carry out**
**our objectives, and in identifying**
**organisations who would be**
**contributing STEM content for the**
**festival. We also developed our website**
**and branding. This was preparatory**
**work for the festival to take place in May**
**23**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**At all times the trustees have been**
**aware that our activities must be within**
**the guidance issued by the Charity**
**Commission on public benefit**| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference **----- Start of picture text -----**
Para 1.38
Policy on grant making
Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Contribution made by
volunteers
Other
**----- End of picture text -----**
## **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|**As mentioned above, this short period**
**was spent in preparatory work for the**
**festival which eventually would have an**
**impact on beneficiaries. As such, we**
**successfully put together an**
**implementation team with the relevant**
**skills to make the festival happen and**
**targeted and recruited 55 organisations**
**to provide content for the festival as**
**well as planned and designed the**
**website and festival programme.**| |---|---|---| **----- Start of picture text -----**
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
**----- End of picture text -----**
Other ## **Financial Review** |Review of the charity’s
financial position at the end
of the period|Para 1.21|**At the end of each financial period,**
**including 30/09/22, Somerscience**
**conducts a thorough review of its**
**financial position to assess its overall**
**fiscal health and make informed**
**decisions for the future. This review**
**involves a comprehensive analysis of**
**our financial statements, including the**
**balance sheet, income statement, and**
**cash flow statement, among others. The**
**purpose of this review is to:**
**Evaluate Financial Performance: We**
**examine our financial performance over**
**the period to determine how well we**
**have utilized our resources in achieving**
**our mission. We assess key financial**
**indicators such as revenue, expenses,**
**and net assets to understand the**
**efficiency and effectiveness of our**
**operations. This analysis helps us**
**identify areas of strength and areas that**
**require improvement, enabling us to**
**make informed decisions to optimize**
**our financial performance.**
**Ensure Compliance: We review our**
**financial position to ensure compliance**
**with applicable laws, regulations, and**
**accounting standards. This includes**
**assessing our adherence to legal and**
**regulatory requirements related to**
**financial reporting, tax obligations, and**
**governance. By ensuring compliance,**
**we maintain the trust and confidence of**
**our stakeholders, including donors,**
**partners, and the broader public.**
**For 30/09/22, The trustees of The**
**Somerscience Trust found that the**| |---|---|---| |||**financial performance and compliance**
**were in line with expectations.**| |---|---|---| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**At The Somerscience Trust we believe**
**in transparency and accountability in**
**our operations, including the**
**management of reserves. We maintain**
**reserves for the following reasons:**
**Financial Stability: Reserves act as a**
**financial safety net, providing a cushion**
**to navigate unexpected challenges or**
**economic fluctuations. They help us**
**weather unforeseen events such as**
**economic downturns, changes in donor**
**funding, or emergencies that could**
**impact our ability to carry out our**
**programs and services.**
**Program Continuity: Reserves enable us**
**to sustain ongoing programs and**
**services during periods of uncertainty**
**or when there is a delay in anticipated**
**funding. By having reserves in place, we**
**can ensure that critical activities, such**
**as providing aid to beneficiaries or**
**conducting research, can continue**
**uninterrupted even if there are**
**temporary fluctuations in revenue.**| |Amount of reserves held|Para 1.22|**£1,500**| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|| ## **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|| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|
Para 1.25|**Trust Constitution**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Charitable Incorporated Organisation**| |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|**Every trustee must be appointed for a**
**term of 2 or 3 years by a resolution**
**passed at a properly convened meeting**
**of the charity trustees, apart from the**
**founding trustees. Trustees other than**
**founding trustees were selected and**
**approved at the Trustee meeting on**
**19/05/22 based on their skills,**
**knowledge and experience, and**
**expertise in aspects of STEM and/or**
**outreach events.**| |**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|| Relationship with any related parties Para 1.51 Other ## **Reference and Administrative details** |Charity name|The Somerscience Trust| |---|---| |Other name the charity uses|| |Registered charity number|1198113| |Charity’s principal address|23 Priorygate Court
Castle Cary
Somerset
BA7 7HT| ||| **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)**| |---|---|---|---|---| ||Teresa Colleen
Bower|Chair||| ||Simon Connell|Treasurer||| ||Gavin Costigan|||| ||Alan Champneys||19/05/22 onwards|| ||WendyAdams||19/05/22 onwards|| ||LucySmith||19/05/22 onwards|| ||Chris Budd|SafeguardingLead|19/05/22 onwards|| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – 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 N/A 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**|TC Bower|| |---|---|---| ||Teresa Colleen Bower|| ||
Chair|| ||19/06/23|| ||19/06/23|| ||The Somerscience Trust|The Somerscience Trust|The Somerscience Trust|Charity No|1198113|1198113|| |---|---|---|---|---|---|---|---| |||||Company No|CE028489||| ||Annual accounts for the period||||||| ||Period start date||**02/03/2022**|**To**|Period end
date|30/09/2022|| ||||||||| ## **Section A Statement of financial activities (including summary income and expenditure account)** **----- Start of picture text -----**
Restricted
Unrestricted income Endowment Prior year
Recommended categories by activity funds funds funds Total funds funds
£ £ £ £ £
Income (Note 3) F01 F02 F03 F04 F05
Income and endowments from:
Donations and legacies S01 2,000 - - 2,000 -
Charitable activities S02 - - - - -
Other trading activities S03 - - - - -
Investments S04 - - - - -
Separate material item of income S05 - - - - -
Other S06 - - - - -
Total S07 2,000 - - 2,000 -
Expenditure (Notes 6)
Expenditure on:
Raising funds S08 - - - - -
Charitable activities S09 500 - - 500 -
Separate material expense item S10
Other S11 - - - - -
Total S12 500 - - 500 -
Net income/(expenditure) before tax for
the reporting period S13 1,500 - - 1,500 -
Tax payable S14 - - - - -
Net income/(expenditure) after tax before
investment gains/(losses) S15 1,500 - - 1,500 -
Net gains/(losses) on investments S16 - - - - -
Net income/(expenditure) S17 1,500 - - 1,500 -
Extraordinary items S18 - - - -
Transfers between funds S19 - - - - -
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the
charity’s own use S20 - - - - -
Other gains/(losses) S21 - - - - -
Net movement in funds S22 1,500 - - 1,500 -
Reconciliation of
funds:
Total funds brought forward S23 - - - - -
Total funds carried forward S24 1,500 - - 1,500 -
Guidance Note
**----- End of picture text -----**
## **Section B Balance sheet** ||Guidance Note|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total this**
**year**|**Total last**
**year**| |---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**| |**Fixed assets**||F01|F02|F03|F04|F05| |**Intangible assets(Note 15)**|B01|-|-|-|-|-| |**Tangible assets(Note 14)**|B02|-|-|-|-|-| |**Heritage assets(Note 16)**|B03|-|-|-|-|-| |**Investments(Note 17)**|B04|-|-|-|-|-| |**_Total fixed assets_**|B05|-|-|-|-|-| |**Current assets**||||||| |**Stocks(Note 18)**|B06|-|-|-|-|-| |**Debtors(Note 19)**|B07|-|-|-|-|-| |**Investments(Note 17.4)**|B08|-|-|-|-|-| |**Cash at bank and in hand(Note 24)**|B09|1,500|-|-|1,500|-| |**_Total current assets_**|B10|1,500|-|-|1,500|-| |||||||| |**Creditors: amounts falling due within**
**one year(Note 20)**|B11|-|-|-|-|-| |||||||| |**_Net current assets/(liabilities)_**|B12|1,500|-|-|1,500|-| |||||||| |**_Total assets less current liabilities_**|B13|1,500|-|**-**|1,500|-| |||||||| |**Creditors: amounts falling due after**
**one year(Note 20)**|B14|-|-|-|-|-| |**Provisions for liabilities**|B15|-|-|-|-|-| |||||||| |**_Total net assets or liabilities_**|B16|1,500|-|-|1,500|-| |**Funds of the Charity**||||||| |**Endowment funds (Note 27)**|B17|-|||-
-
1,500
-|-| |**Restricted income funds (Note 27)**|B18||-|||-| |**Unrestricted funds**|B19|1,500||-||-| |**Revaluation reserve**|B20|||||| |**Fair value reserve**|B21|||||| |**_Total funds_**|B22|1,500|-|-|1,500|-| |||||||| |||||||| |**_The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small_**
**_companies._**||||||| |||||||| |**_The members have not required the company to obtain an audit in accordance with section 476 of the_**
**_Companies Act 2006._**||||||| |||||||| |**_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act_**
**_with respect to accounting records and the preparation of accounts._**||||||| |||||||| |**_These accounts have been prepared in accordance with the provisions applicable to small companies_**
**_subject to the smallcompanies regime and inaccordance with FRS102 SORP._**||||||| |||||||| |Signed by one or two trustees/directors on behalf of all the
trustees/directors|||Print Name|||Date of
approval
dd/mm/yyyy| ||||Teresa C Bower|||19/06/2023| |||||||| |||||||| |Signature of director authenticating accounts being sent to
Companies House|||Signature|||Date
dd/mm/yyyy| ||||N/A|||| |||||||**Print name**| ||Guidance Note|**Unrestricted**
**funds**|
**Restricted**
**income**
**funds**|**Endowment**
**funds**|**Total this**
**year**|**Total last**
**year**| |---|---|---|---|---|---|---| |||**£**|**£**|**£**|**£**|**£**| |**Fixed assets**||F01|F02|F03|F04|F05| |**Intangible assets(Note 15)**|B01|-|-|-|-|-| |**Tangible assets(Note 14)**|B02|-|-|-|-|-| |**Heritage assets(Note 16)**|B03|-|-|-|-|-| |**Investments(Note 17)**|B04|-|-|-|-|-| |**_Total fixed assets_**|B05|-|-|-|-|-| |**Current assets**||||||| |**Stocks(Note 18)**|B06|-|-|-|-|-| |**Debtors(Note 19)**|B07|-|-|-|-|-| |**Investments(Note 17.4)**|B08|-|-|-|-|-| |**Cash at bank and in hand(Note 24)**|B09|1,500|-|-|1,500|-| |**_Total current assets_**|B10|1,500|-|-|1,500|-| |||||||| |**Creditors: amounts falling due within**
**one year(Note 20)**|B11|-|-|-|-|-| |||||||| |**_Net current assets/(liabilities)_**|B12|1,500|-|-|1,500|-| |||||||| |**_Total assets less current liabilities_**|B13|1,500|-|**-**|1,500|-| |||||||| |**Creditors: amounts falling due after**
**one year(Note 20)**|B14|-|-|-|-|-| |**Provisions for liabilities**|B15|-|-|-|-|-| |||||||| |**_Total net assets or liabilities_**|B16|1,500|-|-|1,500|-| |**Funds of the Charity**||||||| |**Endowment funds (Note 27)**|B17|-|||-
-
1,500
-|-| |**Restricted income funds (Note 27)**|B18||-|||-| |**Unrestricted funds**|B19|1,500||-||-| |**Revaluation reserve**|B20|||||| |**Fair value reserve**|B21|||||| |**_Total funds_**|B22|1,500|-|-|1,500|-| |||||||| |||||||| |**_The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small_**
**_companies._**||||||| |||||||| |**_The members have not required the company to obtain an audit in accordance with section 476 of the_**
**_Companies Act 2006._**||||||| |||||||| |**_The directors acknowledge their responsibilities for complying with the requirements of the Companies Act_**
**_with respect to accounting records and the preparation of accounts._**||||||| |||||||| |**_These accounts have been prepared in accordance with the provisions applicable to small companies_**
**_subject to the smallcompanies regime and inaccordance with FRS102 SORP._**||||||| |||||||| |Signed by one or two trustees/directors on behalf of all the
trustees/directors|||Print Name|||Date of
approval
dd/mm/yyyy| ||||Teresa C Bower|||19/06/2023| |||||||| |||||||| |Signature of director authenticating accounts being sent to
Companies House|||Signature|||Date
dd/mm/yyyy| ||||N/A|||| |||||||**Print name**|