## **Paper 3a Annual Report of the Trustees for the Year 2024** ## **Trustees** Lizzie Induni 2020 to 2023; 2023 - 2026 Martin Salzer 2021-2024; 2024-27 Christine Webster 2021-2024; 2024-27 Nigel Pearce 2023- 2026 Jill Strobridge 2024 - 2027 David Nicholson 2024 – 2027 Ian Keys 2025- 2028 Charity Number: 201929 ## **Office** Somerset Heritage Centre, Brunel Way, Norton Fitzwarren, TA2 6SF ## **Accountant** Amherst & Shapland, Unit 2, Old Brewery Road, Wiveliscombe, TA4 2PW ## **Investment Manager** Brewin Dolphin, The Paragon, Counterslip, Bristol, BS1 6BX ## **Proceedings Editor** Rob Webley **Main Aims of the Society** over the last year have been to attain CIO status, restore the Wyndham Hall and develop ideas for the celebration of our 175 anniversary since the foundation of SANHS in 1849. ## **Management of the Society** At present we have enough trustees (including Ian Keys who was coopted during the year) to enable us to make decisions. It seems very likely that we will become a CIO in the next few months, and this will allow us to add the CIO trustees - Matthew Blows and David Jones, bringing the number up to 9. We have taken care to make sure our trustees have a good range of skills which really supports the efficient running of the business. ## **Charitable Incorporated Organisation (CIO) Conversion update** I am pleased to say that we have made very good progress recently in preparing for the conversion of the Society to a CIO (charitable incorporated organisation). This is an important step in the evolution of the Society: changing it from an unincorporated association to one with a legal personality. This will make it much easier to organise and hold all our property and assets and to manage our charitable responsibilities. Part of the process of conversion involves moving many of the contracts entered into over the years in the name of holding trustees into the name of the CIO. As you can imagine this is a complicated process and involves discussions with our important 1 partners, South West Heritage Trust and Somerset Council, both of whom have been fully supportive of our efforts. Back in 2023 you approved the conversion of the Society into a CIO and last year you approved changes to the Society’s constitution to enable the orderly winding down of the ‘old’ Society as the CIO takes over. I hope therefore we will be in a position to proceed to implement the conversion by the summer. When that happens, you will all automatically become members of the CIO and your membership will continue as before. We will, of course, keep you fully up to date with progress. ## **Membership** We have lost more members that we are happy with – mostly to do with their increasing age and inability to participate in SANHS activities or possibly due to the subscription increase. However, we are making a huge effort to increase membership partly by outreach activities such as 10 Radio, giving lectures to other societies, having a table at various fairs, displaying an exhibition and linking up with our Associate members. ## **Outreach - Events and Lectures** Throughout 2024 we were able to run many visits, events and live lectures which covered all our subject committees. ## **SANHS Events and lectures 2024** ||**Place**|**Led by**|**Date**|**Attend**|**Committee**| |---|---|---|---|---|---| |1|Ilminster Chantry|Lizzie Induni|28th Feb|8|HBC| |2|Taunton StopLine|Chris Webster|2nd March||Arch| |3|Annual Archaeology
Day|Arch Comm|23rdMarch||Arch| |4|Axbridge Town Tour|John Page|20thApril|14|HBC| |5|Bio Blitz of St James|C Jessop|6thMay||Nat Hist| |6|Norton Fitzwarren|Bob Croft|11thMay||Arch| |7|Dragonflies at Priddy|C Jessop|8thJune||Nat Hist| |8|Hornblotton Church|Lizzie Induni|22ndJune|25|HBC| |9|Taunton Castle,|Tom Mayberry|29thJune||Local Hist| |10|Chard - Court House|James Verner|23rdJuly||HBC| |11|Lower Marsh|MaryEwing|23rdJuly||HBC| |12|Smeatharpe|MarySiraut|23rdJuly||Local Hist| |13|Cheddar|John Page|17th Aug||HBC| |14|Twine Works West
Coker & local
churches|Martin Salzer|14thSept||HBC| |15|Heritage Open days|Volunteers|8th-15thSept||| |16|Somerset Militia|James Spencer|23rdSept||Local Hist| |17|Collections day|Amal
Khreisheh|1stOct||| |18|The Newt|C. Webster|9thOct||| |19|Library Day|Lizzie Induni,
Sue Goodman
David
Bromwich|12 Oct||Library| 2 |20|Herbarium day|C Jessop|12thOct||Nat Hist| |---|---|---|---|---|---| |21|Hydrographic centre|James Spencer|16thOct||Local Hist| |22|Fungus Forray|Steve Parker|3rdNov||Nat Hist| |23|Flea circus|C Webster|16thNov||Nat Hist| |A24|Bridgwater Buildings
lecture|Chris Sidaway|19thNov||HBC| |25|Hinkleyarchaeology|Bob Croft|30thNov||Arch| As well as a large number of in-person events, SANHS has also run a number of webinars, to ensure members and non-members who do not live locally or have mobility issues can have access to talks. In 2024 we produced 9 webinars, most of which can be seen on the SANHS YouTube channel. These were attended by a sizable audience who came, not just from Somerset, but from the whole of Britain and abroad. ## **SANHS Webinars 2024** ||Date|Title|Attending
Number|Committee| |---|---|---|---|---| |1|26thJan|Farmingin Protected Landscapes|35|Nat Hist| |2|29thFeb|Iron on the Blackdowns|43|Arch| |3|14thMar|Smashed in the Cellar|43|Arch| |4|11thApril|Restoringthe Castle Gardens|18|Local Hist| |5|16thMay|The Turbervilles of Gaulden Manor|24|Local Hist| |6|6thJune|Rowland Pavey: A Cheddar Eccentric|19|Local Hist| |7|19thSept|Presidential Address - Conservation
Somerset Levels|26|Nat Hist| |8|24thOct|The Falklands, South Georgia &
Antarctica|18|Nat Hist| |9|21stNov|Orator Hunt and Ilchester Jail|37|Local Hist| ## **Website** Mark Francis has continued to maintain the smooth operation of the website helped by Tony Harding who has been putting events onto the website and any articles the committees want too. Work on the members area continues. ## **Links to other groups** We have worked consistently with the South West Heritage Trust supporting them in the acquisition of the Chew Valley Hoard. The launch of the Hoard at the British Museum in October was attended by Chair, Lizzie Induni and Chair of CIO, Matthew Blows. SWHT and SANHS also collaborated on a Library Day and a Collections Day which allowed the public to see some of SANHS’ rare books. In December an archaeology day about the excavations at Hinkley was a great success and attended by 50 people. The SWHT 3 Local Listing project continues to be supported by SANHS – and the Wyndham Hall was put onto the Local List as part of this project. ## **Estate Report** The trustees continue to oversee the leases and general care of the estate. We do a estate survey once a month to keep a check on the state of the estate and to comply with the insurance. ## **Castle Gardens** The interpretation boards have been put into the Castle Garden. They look extremely good and pleasantly unobtrusive. At the same time the fencing was installed. All the work was overseen by SWHT. The gardens now have a part time gardener who seems to be taking good care of the lower area. However, the upper part is becoming wildly overgrown, and the trees are becoming a threat to the nearby buildings. ## **Northern Gardens** Somerset Council have now taken over the lease of the Northern Gardens and the lease requires them to maintain the gardens. They are mowing the grass in some areas and a diseased tree has been severely cut back. There is also a large tree next to the museum which needs cutting back and other areas of the garden are rather neglected. The lease comes up for renewal next year and it seems that the Council do not want to take this on again. It is very beneficial to the bats to have less lighting, but for people approaching the Wyndham Hall on a dark evening it is something of a hazard. The Council have been informed, and it is hoped that they may address the issues at least at the bottom end of the glass bridge. ## **Wyndham Hall** Taunton Town Council were pleased to use the Wyndham Hall for their Taunton Together celebration in September and have encouraged us to apply for funding to make improvements to the building. Also, in September the Wyndham Hall was opened for Heritage Open Days. Towards the end of the year the Wyndham Picturehouse started showing films once a month. These are well attended and allows the hall to be opened to the general public. Throught the year we have been able to use the building for a series of lectures but also as a meeting place. A new gas boiler and a water heater were installed, and the volunteer team are always busy on a Wednesday morning keeping an eye on the general welfare of the building as well as making small repairs and redecorating. They always welcome visitors with a cup of tea or coffee. Lizzie Induni (Chair) April 2025 4 SOMERSET ARCHAEOLOGICAL AND NATURAL HISTORY SOCIErY STATEfvIENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrgstrlcted Funds Restriclgd Fund8 Endowed Fund9 Total 2L124 Total 2023 In¢omlng Resources Note In¢omlng Re$ourcos from generated funds Subs¢ripbons Gifl Aid Ronl Received Invo8tTnenl Incorne LggaBles and Donaljons PublicalSon Sa]es and Conlrfbutions Royalll&s Proc66dlng8 Function Incr)mg Group events Income Other Income 13,896 2,150 17,744 25,122 490,209 2.411 13.896 2,150 17.744 34.659 490.239 2.411 748 5,495 12,091 2.657 15,961 14,838 375,326 1,332 600 10,148 50 1,660 326 2,802 6.735 5.495 2.087 1.267 2,087 1.267 Total Incomlng Resources 561.129 2.832 6.735 570,696 434,989 Charftablé Activille8 Grant% 14 Musoum Exhlblls & Replacèm8ntS PrOCe￿ingS NgiAElottar Ubrary Acqulsitlons Library m8inlonaftce Funcllon Costs Publications Grixjp events expendilwg Ddns*er Project Naman Gard8ns Project WyrKfham Hall Charitable Incorporat￿ Organlsatlon Vebsil orfice Costs 7,437 12.437 4.621 3,416 8,752 923 1,452 8,800 670 1,200 670 65 81 653 2,157 513 7,364 3.015 1.976 24.370 2,317 2,317 964 753 6,622 13,307 2,427 1,843 25.989 753 6.622 13,307 2.427 1,843 23,621 57.722 17.T07 77.329 59,358 Governance Costs 7.961 7,981 8,155 Tptal Resources Expended 65,683 17.707 1,9CKI 85,290 S7.513 Net In¢on7ingllOutgolng} Resources 495.446 (14.875) 4,835 485.406 367,476 Other Fboognisgd ILossesyG&ns Transfors bettween funds 1.419 11.2641 13,325 11,619) (4,8341 Net Movement In Fund5 495,601 (6,4211 9,551 498,731 3￿,851 Total Funds Brought Fonmard 405.016 103.316 189,302 697,634 331,717 Totsl Funds Carrled Forward 900,617 96,895 198,853 1,196,385 697,634 The notes on pages 3 10 8 fomi pait of the￿ frn8ntial sta19monts Page I SOMERSET ARCHAEOLOGICAL AND NATURAL HISTORY SOCIETY BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxod Assets Hgr112ge Assèts Offic& Equipmonl 2,017 2,302 Inveslmonts Shares ai valuation 275.044 272,497 Intangibl& As8&ts Le8SOS 10.850 4,695 287.911 279,494 Current As%el8 stock8 Cif Ilorns for re8alo Debtor8 Cash at bank and in hand 10 11 6,503 7,726 786 425,240 914229 426,026 Current Llabi.'i11o8 CrodIto￿ and a￿ual8 12 5,775 7.886 Net fyjrrent Assets 9)8,454 418,140 Total Nel Assgts 1.1￿,365 697,634 Fundsd By 14 Unrestrt¢led Funds Ganoral Purpos¢s Fund goo,617 405.016 9tK>,617 405,016 Reslrictod FurKIs Endowment Funds 96,895 198.853 q03.316 189.302 1.196,365 697,634 Thè. Finaftclal gtat8ments were approvad by the twsteas on {Honorary Treasurer) g g Ar If and Signed on their behalf by Mr nLQ SA Th8 riotgs cin pa9es 3 to 8 form part of Ihgse finanaal stal&rnents Page 2 SQPAERSET ARCHAEOLOGICAL AND NATURAL TrIISTORY SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 1 Accountsng Pollcles (a) of proparallon Thè Financlal Statements have been prepa￿1 und6r the historical cost convenlian. with the exc8pllon of inveslmenls whid) ars iiicluded al matkot valuè. The Finanry81 s'Alen￿ls have baei prepa￿0 in 8ccordanco Mth tha Slalemernl ol R￿Or￿M￿nded Practlc&'. Accour.ling and RepJrrtJng by Charikn'6s {SORP 20051 issued In May 200t) and applicable UK Accaunllng Stanjards and the Charyties Act 2011. Ib) Incomlng resources All Incomlng resoL¢rce8 are recognlsed onog the char.ty has &nlitJ8menl to the resourc98, il is certain that the rosoums VAII b8 f&C￿v8d and the mon818ry v8Iu8 of :ncomiro *wourco5 can be measured grfTiclgnl r8liabillty. (¢) Resources exponded Llabllilies are rewgnls6d as rgsoJrc8s &XTJendgd as so)n as therg is a legal or constructiv8 obligation commilling tho Gharity to the expendllur8. All 8xpendrtLfre is ac¢oL¥)tal for on an acuual8 ba8i$ and has be6n dassifi8d under headings Ihal aggr￿at? 811 ￿StS ialatad to the tategory. GTants poyabl6 are paym9nls rnade to thlrd parti8s In Ihe futherance of the charitable ot4e(Is 0¢ tho ch?rily. Provisons for gr8nls 8r8 wrtMI ti18 Inlentlon lo make tha grarbt has bgen rL)mmunl¢atod to lh& r8dpi6rrt. (d) Allocation of ovethead and support costs Overhead 8nd support costs have been alIc￿l&l have bean allcMx18d between char.labl@ aclivty and govemance. Cobls rolating to Charitab18 Act'.vtii8s hav? beon apptirtioned on Ihe ba&s of an as8è&sm8nt of the prow)rbon of work dong In r88pettt of Charit8bl& Activities arKI Goveman(2 and is delai18d In nota 4. (8) Governance costs Govern8￿6 costs comprlse all ￿stS invotving thè public ac(yJunlabllity of the (4)8rity 8nd It8 coryipll8ncè ￿th rggLilation and good practic¥. Th808 Costs ip.Jude costs r81at8d la IrK1epe￿1&nt Exami¥￿tiOn and18gai fees loJèiher th an apportionman-. ol ovemèad and sutwt costs. ffj Fixed asset Inve51menls Investm8nts are sta18d al mark8( value ao 21 lh6 balance sheet d(Ito. Th8 Stal- -men1 of Financial Activiligs includgs tho not gains and losses ari$ing rgvaluation ar5d di5posalo Ihrwhout the year. Reallsod and unrgali86d gains are not separat￿. rèalised galns and losses (In investrnen.'s are cal￿1ated 8S the drffer9nCg botw88n th8 sales proceeds and the op8nlng market value or rxwchase date if lalgr. Llnrèalisod gains and losses arè Balculalod as the diff9r9￿8 betw6?n the market valiie al the year end and ¢4)en ng mark&l valua or purcknsse dalo If latsr. (g) Herttage assets Hèrilaga assets are a(Lountèd for aC￿trfance wlh Flnarriat Rep)rting Standard 30. Tho88 wn8isE of (il lusoum exhibits and related fixtur8s and filtirjgs on loan lo Som6rs8L Coufiy Council, (ill The eo?leftts of the library log6ther ￿[th fetalad fixliire8 and fittiiigs. lil:) Re￿rdS ar￿ ar(*fv88 on k)an to Sorttersgt County Council, (tv) Thè ca8￿8 Estate. For all Ihese assets no Yaiuaiion is Tnduliod as ihe costs irivolved in obtaining a vaiualion would be prohlbitiv¢ whgn comparod lo the b8nefil to Ihe usors of the ftnan%ial ststemenls. The collections indude many itèm8 that would be irrep.'&atA& Soe pages 9 to 11 abova. (h? Funds Tha charily has a number of End0￿￿ent fLmds Trttthich are d8lailed nolB 15 to the accounts. Th8 Trusteès al Iholr discretion may al.'ocal8 any part o-. thè lolal return lo the general PUTW>SBS or lo rgstricted incomo fu'nds. Tho Trustefys inv6St th? capital ir, perpatuty and is marog&J on a lotal relums b8sls. Rostricled funds are funds vhich are to be used in a(xordance wflh SP￿$r1e fgslrf¢b'ons Imposed by the donor or tru61 deod. Delall8 ara in note 15 to the 8coJunl8. ri) Lea$8s The professional costs in rdation lo sglting up [￿￿ leases In excess of 5 years are caJtalls&d and amor&sed, on a strnighl lin8 basis, over thetgm of the lease. Pago 3 SONIERSET ARCHAEOLOGICAL AND NATURAL HISTORY SOCIETY NOTES TQ THE FINANCIAL STATEMENTS {contlnuedl FOR THE YEAR ENDED 31 DECEMBER2024 2024 2023 2 Sub$crlptlon5 Mèrmbèrghip sjbscrlptlons for the 2024 year 13,896 12,091 3 Donallons and legacles 2024 2023 Sundry dcK)alions Dunsler Project Wyndhgm Hall Projact Somersel grant Grants (Employment AIItswdncg1 Grants CIO Lagaclos 4,638 2,69 1,264 2,362 1,2C 1.141 1,263 15,800 351,921 483.2 490.2 375,326 4 Rents Recelved 2024 2023 Commerclal rants - prtvate sector Non-comme", dal - Publi¢ $ector 10,500 5.461 5.4S1 17.744 Soin&rsol County Coundl provld8 offic& arKI maeting rix>m fadlmles withln tho s￿￿oIse. Heritage Cantrp, fr89 of Charge. The valu8 of these fa¢ilitios is eslimated to b& In the region of £7,5(K) pw anrbLTh. S Support Costs Bws of apportionmenl arilable Total 2024 Total 2023 Goveriiance Salad6s and 9￿￿0yrnsnt costs R8nl Insurance Commillèo arml genoral expenses Postage (exctuding naiNsletter and prOCeed￿g$} Pnnling and S¥ation8ry Talophcno Inlemet Computer and Equipment Cosls Sundry ca9￿6 Eslala mainlanance Deprectation Mgmb8rship catabasa Lease Amortisalion Accountancy and payroll Proles&ona Feas f)rk th)ne 8clual Yw)rk done athal 13,8ao 4,627 18,507 17,932 1.285 451 428 1,713 451 1,121 WQTk don8 York don8 work (lone done 1,163 1,231 206 1.519 905 1&) 411 69 1.313 1,6rt$2 275 2,02S 1.118 1.027 1,078 694 1.73i 767 213 actual wort< dong actual actual actual acti￿1 214 307 865 450 3.513 71 1.036 285 1.343 865 900 3,513 285 1,724 863 810 4,489 25.989 7,961 33,950 32,b25 Page 4 SOMERSEf ARCHAEOLOGICAL AND NATURAL HISTORY SOCIETY NOTES TO THE FINANCIAL STATEMENTS Icontinuedl FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 6 Staff Costs Sa18ries arkd wagès Employment costg 17,366 1,141 16,649 1,283 18,507 17.932 Du￿￿ tho year Salaries incIL￿ed £76612D23:£5001 in respect of overtime W0￿ed 4)&cifi￿l1Y in cc)Finectlon with the Chariiable Incorporaled O.,g?nisallon. 2D24 No. 2023 No. The number of èmploy998 was No rarnuneration was io any trustee Irb Ihe year. Travel ar¥1 meeting &xponses reimburs￿ wore £45112023.. £NIII Heritag Assgts 7 Tanglble Fixod Assets Equlpinonl Cobl al 1 Janiiw 2024 Addillons rjisposals 16,216 C05t al 31 Docembef 2024 16,216 08prgclatio As at l January 2Q24 On Disposas F(y the Yoar 13,914 285 As at 31 December 2024 14,199 Writton Down V8tue at 31 D￿rnber 2024 2,017 W¥TtIE>n Down Value at 31 Dg(wib9r 2023 8 Investments Value CDSt Val 2024 2023 Under management with Brewln Dolphlr* Allocal8d lo Endowmerjl Funds 1q),098 196,237 189.327 AIIoc8led to R8slrictgd Funds 46,856 46,660 82,9 8Q,057 located lo unrBsirtcled funds 39.246 39.082 3,226 3,113 276,2(YJ 275.D44 282,427 272,497 Page 5 SOMERSET ARCHAEOLOGICAL AND NATURAL HISTORY SOCIETY NOTES TO THE FI,NANCIAL STATEMENTS Icontllluedl FOR THE YEAR ENDED 31 DECEPIIBER 2024 8 Investments (con￿nUed Valu6 2024 Vsluo 2023 Cost Allianz Glob81 Stralegle Bond Balllè GlftCKd BB Hoallhcarg Blackrock Inslitullonal BNY lA￿On Inveslmenl Ccmjpland CaFdlM Jap&n Diversè Incom8 Trust Dodgg & Cox wortth￿de Fidelity Eurolrust Fid8lity Invoslmèlll Finsbury G & l Trust H8nderson Janu8 HICL InlTaslrLJCture Ord HSBC Global I shares physical molals JPMorg8n Fur7ds US Eqully Jupller UT Managers Straleolc BoThJ Legal & General Global Inflation LyKor Inlematlonal AN FIKed Intgrgst Mayfgir Capltsl in prop inc trL￿t MG Inve8trn8nl funds m￿nICh Funds Nin&ty On8 Funds Onesavings Banl(7.875%STP Pèrsnnal Assgt Trust Prnslk UMB RIT C8p P8rtners Scfjttish Amorican Investm¢nl Trust S61e¢t Nlanagers B(Md Sequola Economlc I Vanguard All S￿ra Vanguard FUNJS Plc WS Ruffer Mariagemenl 6,683 9,132 4,992 12,151 4,837 4,106 £,000 14,853 5.713 8,404 10,329 12,831 7,529 1e,676 8,001 14,8TI 12,L)00 6,976 5,651 7.113 4,340 14.986 10.913 16.th)0 5,738 17.819 2.980 6,558 16,690 7,181 16,203 10,679 t2.714 22.439 7,001 16.500 7,(X)O 10,(K)D 13,(K)O 11iY)() 23.183 14,569 11,134 12,T95 10,370 6.445 3.821 14,959 6,960 3.861 14,959 7.107 14,845 13.704 14,979 7,458 4.800 5,857 8,4T4 8,152 14.048 8.(K11 15,904 13,282 9,862 17,126 13.440 9,655 9,566 18,737 12,977 13,079 2T6,200 275,(J44 272,497 Doallro chaige8 d8ductèd by BrgWn D￿phin in th8 year w8r8 £2.648.6912023: £2.639.991. 2024 2023 9 Loases Capitsl cost ol lèase8 brixjghs frxward New leases Amortisation brcugh.. forwafd Amorti￿d in the year 7.888 T.020 3,193 865 11,388 5,830 863 fO.850 4,695 10 Debtors Debtors Pr8paymenls Br8bMn Dolphin 2,104 2.702 1,697 786 6,503 788 Page 6 8OMERS%T ARCHAEOLOGICAL AND NATURAL HISTORY SOCIETY NOTES ro THE FINANCIAL STATEMENTS Icontlnuodl FOR THE YEAR ENDED 31 DECEPABER 2024 2024 2023 11 Cash at Bank and In Hand B8nk Curr&nl Accounts Petty Cash Paypal Cash hold by Brewin Dolphln Norm8n Gardèns account COIF MalhvOc￿ Dèposil Aocount ca 79,359 158 228 10,857 11,263 27,942 Tt7,919 28,686 258 81 2.729 17,886 21,803 353,797 907,726 425.240 2024 2023 12 Credltoys and Accruals Rant r8C8Sved in adv8nca PAYE & NIIC 2025 Subscrlptlons Accountancy 2,437 289 2,293 2.437 440 4,259 750 5.775 T.886 UnrgStrict9d F[#￿S Restriclgd Funds EThlow9d Funds Toial 2023 13 Analysls of Assets Be￿een Fund8 2024 Tanglbl8 Fixed A8sets Inlangible Assets InvesÉmants Bank and cash Other Net Current Ass8ts I (Liat￿lIties) 2.017 10.850 39,082 2,D17 10.850 275,044 YOT,728 728 2,302 4.695 272,497 425,240 17,1001 50.235 728 900.617 .895 198.853 1,156,365 697,634 Included In Unr8slrirted fU￿S is the ML'seum txhibi,, R*lacemenl Fund. Under afk agr8emenl madè v￿th the luseLim of Somorsèl Ihis fund was designated tc be us8d SGl8ly lor thg r9Storalon. maintènance and acquigtion of 8xhibits in th& Fnuseum collodion. 14 Grants Approvod Approved and unclaim6d clfwd Jproved and und8lmed NBh' offers 2024 Lapsed 2024 Paid in 2D24 Gray 1urless Fund Maltwood Williams NalLJral Sci&nces Murlèss Bequesi 11)02 1.163 430 3.707 {1,489} / 11,6761 43D 8,107 12.120 {S.710) 12.010) 500 500 (2381 (5,(XJOI 112,437 12621 51)0 14.622 10.800 3,9481 9,037 Page 7 SOMERSET ARGHAEOLOGICAL AND NAlllRAL HISTORY SIXIErY NOTES TO THE FINANcI￿L STATEMENTQ (continue(4 FOR THE YEAR 31 DECEMBÈR 2Q24 R*RJ8Von b)*rf9on IR•oognisa IDJFe¥l 8Hlon¢¥ at31 Dec6mb 24 FeI8nc&al 1 15 Flind> Gran18 G6rer#l Purpos* Fund Murless b¥u881 MuseuTh Eth1b￿ Fund Pukdl¢allw Wyndham Hdl Fund Contiwcy FUNJ 20.176 345,416 14,472 8.811 11264 5.075 48,926 507,352 516 2,717 144,gY21 11.2641 10.ODOI ¥2,918 837,7e8 15,719 9.331 9,397 15,twi 731 434 12.4311 113.3071 (231 10.wo 17$ Ttytsl Genor* Furklts 4IF..CI16 561.129 I￿,6&3) {1,2841 1,419 gOQ.617 Rt8trlcted Funds Gray T￿8 128] {181 {2001 141 {1,4891 1,941 1,752 21,783 18,757 5,587 18,589 5,915 #1.262 10,358 71 1g,W29 20.811 5,103 17,271 5,374 17.B&5 12.785 MaltwcKxl 1.139 182 817 3,717 15,71Ql I￿8} (51) Id731 17531 1S.8221 12.42n mur￿59 Fund n51erPrlgGI Ncrman SerdÉns FJrcl6ct Chartskn'& ttIGtrporated Ofwkabn 874 Tolal ReglrlctEd Fund8 1WJ,316 1lQ.2701 2,356 7.427) 9e,895 Endowment Fund9 H St. Gray Th Beque81 Wi118m5 a￿u&$I The Fund Natur￿ Sclence8 Fund 16.587 2.712 1&310 145.527 fl,15B 588 99 474 5.178 390 1166) 1281 11341 {1.481) 1112) 14221 17,371 2.912 13.981 IS2,￿0 11.719 140 671 13401 1&71n 12841 Total Endowmont FutrwJ5 189,302 6.ns 14.J341 9.5SI 198.853 $97.634 570,6S 13.328 12.48 1.196,365 N6t hwrfiggaier41gJ on fiJnrk & Irwsferrn1 to restrthy FurKJs rJlE rnad8 ￿84[abl9 for proixts. Page 8 SOMERSET ARCHAEOLOGICAL AND NATUK4L HISTORY SOCIErY INDEpENDE￿r EXAMINERS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 I report on the accounts ol the Somer861 Archa801l￿1ca1 and Naldral History Socialy for the yaar endod 31 Deekmber 2024. M4)l¢h are $91 Olrt on paoes 1 to 8. RospéGUv6 Yosponslbllltles of trustees and examlner Th¢ Charlly's truste￿ arg responsible for tho prèFb8fdllon of thg acry)unt8. The Irustaas (￿n￿lder that an auth'l is not required for thi5 ygar undèr Sedion 144121 of th9 Chartbes Act 2011 (The 2011 Act) and that an independont exsmlnalion is required. 11 Is my responsibility to: i) Examin6 thè accounts undor section 145 of th& 20,,1 Ad. 111 To follow prooedures lald dovm in the General Dlreetions glven by th8 Charfty C￿MiSsion under sgcllon 145(51{bl of th& 2011 Act: and iii} To slat8 whether any ￿rtICular matt8rs have oJme lo my attention. Bas1$ of oplnlon My ox&mlnalion carri￿ out In a¢coYdan¢e wth lh9 G8n8ral Dirthaions given by th2 Charlty Commissioner, An gxamSnatlon includès a ffjviow of th8 aGcoursting reords maintsln6d by Ihg Charity and a comp8rlson of Ihè 8c¢ounls wlth Ihoso record8.11 also includes conslderation of any unii8ual items (K disdo5wes in Ihe accounts. and the sg8kir of explEnalions fvcwm you 3s trLl3t$&s ￿ncOmIng such Matte￿ The procgjures und8rt8k8n do not provido all the 8vldence that would be requlred in an audit, and consequeryuy rK) is given fjs to whother tha accounls giv6 a ruè aryi falr view and the report 18 Ilmited fo tha matters sol out io thg Slotem￿. klow. liide￿ndent Exarninets, Statement In conn8don with my ex8minatiM, no maller has (x)m8 lo my attent1(A￿. 11 ¥thlch giv88 mg rGasonabte cause to believe that in any m￿9[[al respgcl the requirerngnls lo ke&p a