REGISTERED CHARITY NUMBER- 0294371
Trustees. Report and
Unaudited Financial Statements for the Year Ended 5 April 2023
for
The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Stephenson Smart (East An8lial Limited
10 Oak Street
Fakenham
Norfolk
NR219DY

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Contents of the Financial Statements
for the Year Ended 5 April 2023
Page
Trustees. Report
Statement of Financial Artivities
Balance Sheet
Notes to the Financial Statements
7 to 13
Detailed Statement of Financial Artivities
14

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2023
The trustees present their report and the unaudited finanual statements of the charity for the year ended 5th April
2023.
Objectives and activities
Objectives
To produce readily acce55ible books and pamphlets about the gas industry and local history.
- To have an irsclu5ive policy for everyone in the community.
To advance the education of the public by providing access to and maintaining the only surviving town g3s works in
England and Wales.
To demonstrate how gas was made from coal, the working conditions for the men who made it and to display the
domestic equipment powered by gas.
To strengthen the museums position as an important element of the industrial revolution and its place in Industrial
Heritage through actively engaging in and with Industrial Heritage Groups and as a member of the All Pèrty
Parliamentary Group Industrial Heritage IAPPGIHI.
To matntain a collection of literature concerning the former coal gas industry.
To act a5 a focus for local social and natur31 history in Fakenham and the neighbouring villages in association with
the partner5 in the Fakenham Heritage Group thiough outreach exhibitions.
Activities
The musetjm has joined a Heritage Trail which wa5 a Fakenham Town Council initiative with numbered plaque5
containing embedded QR codes, in keeping with our Arts Council Registtstion ihe Ga5 Work5 received No. 13.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees. Report
for the Year Ended 5 April 2023
Achievement and performance
Finance
The year 2022-23 has been challenging foi the Trvst.
The Trust continues to make contributions to the town in regard of Wisitors to the museum who may not otherwise
have visited Fakenharn.
Changes to the cheque signature mandate continve5 to be thwaned by non-action ol the Natwest despite many
request5 for this to be acttoned. no further progres5 ha5 been made and the difficulty irb raisin8 cheques remains.
The complaint which was raised last year with rhe Natwest complaints department still awatts an outcome.
Total inEome for the year 2022-23 was £3.50612022- £9.0191.
At 5 April 2023 the COIF Account stood at £S,S(Q 12022= £5.5001 and the Charities Deposit account stands at £112
12022.. £1101.
Despite the restricted openings during this year_ The financial state of the chaiitable incorporated or£anisation has
remained stable.
Visitors
Visitor numbers in 2022-23 were 42712021-22.. Nill.
Financial review
Full details of the accounts accompany this report.
Plans for future periods
Harry Yates has continued to lead on constitutional. accreditation. survey report, Trust meeting and day-to-day
management of the museum and Management Subcomrnittee with delegated a￿thorItY to manage the museum and
leading on negotiation5 Wlth National Grid supported by Alan Longmuir and Martin Pascal.
A review of the museum opening hours and exposure through it5 digital platform and group visits has been
undertaken leading to a developmenr projert which resulted in the repositioning of the museum within the industrial
heritage settor and will actively pursue group visits to accommodate the downturn in stewards and volunteer5.
Discussions are continuing with National Grid regarding securing a lease and securing a rnanagement arrangement to
enable the Trust to operate rhe museum. Meanwhile rhe Trust is resolved to maintain the services provided by the
museum lor the community at large.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2023
Structure, governance and management
Fakenham Museum of gas and local history was created out of the former Fakenham town ga5 works in 1987 when it
was opened as a museurn by the Duke of Gloucesrer. The museum was incorporated on the 5th of March 1986 as a
company limited by guarantee and not having share capital. The documents governin8 the operation of the museum
are its Memorandurn of Agreement between British Gas the Norfolk Historic Building5 Trust and between the
Museum Trust and the Norfolk Historic Buildings Trust. Currently the site owners being National Grid Property.
New articles and memorandum have been prepared for the Trust whith has @nabled rhe Trust to convert its
governance status from limited company 10 that of 3 Charitable Incorporated Organi5atioD ICIOI.
Operational activities
The new portacabin is currently being used as a store and workshop. This area will be cleared, and it 15 ploposed that
it be used a5 a rneetin8 room and an office for a potential new curator. It is also proposed that a new IT and telephone
system be irsstalled into thi5 Portacèbin.
The second phase of rhe maintenance and restoration of the site 15 Significantly completed. The next phase of this
work will need to be discussed and agreed with National Grid as there is a significant amount of work to bring the gas
holder back into operation and to repair the gas risers in the retort house which are suffering severe cracking.
Action is being taken to strengthen the board there a￿ two areas where there is a deficit of knowledge that require
professional input. technical and historic, we will attempt to find suitable candidate5 to join our board.
Constitution
The Trust continue5 to benefit from moving to a CIO in Qktober 2020. This together with the new Articles of
Association and Memorandum has provided a much greater degree of flexibility to appoint trustees. as well as
increasing the potential for third party involvement with the museum.
Accreditation
Due to delays built up because of the COVID-19 epidemic a backlog of applications at the Arts Council has resulted in
the trust not being invited to submit an application for re accreditation during the year. We expect that we may be
asked to submit our renewal application durbng 2023- 2024 yeaf.
Gleeds survey
The Gleeds survey continues to provide the TTUSt and National Grid an exiensive report and drawing5, based on their
survey of the museum baseline condition. recording, and advising of structural defects and cyclical maintenance needs
and costs over a 10-yeèr period. This forms an integral part of the future arrangement5 and discussions between the
Trusi and National Grid.
Personnel
The museum is m3naged on a day-to-day basis by the Management Subiofflmittee IMSCI with delegated authority
from the trusi board of direttors. The MSC is chaired by Harry Yates. This form of management was introduced during
Ihe 2014-15 years and 15 now fully embedded into the museurn5 management structure.
Reference and administrative details
Registered Charity number
0294371

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2023
Principal address
Fakenham Connect
Oak Street
Fakeriham
Norfolk
NR219DY
Trustees
Ms A M Harris
Mr N I Stone
Dr G S Ache50n
Mr J Baldwin
Mr H Yates
Mr M C Pascal Iresigned 3.3.20231
Mr A Longmuir
Mr N J Ezra (appointed 17.4.20231
Approved by order of the board of trustees on_
and signed on its behalf bv..
Ms A M HarTlS- Trustee

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Statement of Financial Activities
for the Year Ended 5 April 2023
5.4.23
Totsl
funds
5.4.22
Total
funds
Unrestricted
fvnd
Restricted
funds
Notes
Income and endowments from
Donations and legacies
3.392
3,392
Charitable activities
Charitable activities
9.016
Investment income
114
114
Total
3,506
3.506
9.019
Expenditure on
Raising fund5
28
28
Charitable activities
Charitable activities
2.595
2,595
4.120
Total
2.623
2,623
4,120
NET INCOME
883
4.899
Reconciliation of funds
Total funds brought forward
23.476
44.616
68,092
63,193
Total funds carried forward
24.359
44,616
68.975
68,092
The notes form part of these financial statements

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Balance Sheet
5 April 2023
5.4.23
Total
funds
5.4.22
Total
funds
Unrestricted
fvnd
Restrirted
funds
Notes
Fixed assets
Tangible assets
752
752
478
Current assets
Stocks
Debtor5
Cash at bank and in hand
50
380
24.469
50
380
69.085
50
530
67.514
44.616
24.899
44.616
69.515
68.094
Creditors
Amounts falling due within one year
11.2921
11.2921
14801
Net current assets
23.607
44.616
68,223
67.614
Total asset5 less current liabilities
24.359
44.616
68.975
68.092
NEfASSErs
24.359
44.616
68,975
68,092
Funds
Unrestricted funds
Restricted funds
io
24,359
44.616
23,476
44,616
Total funds
68.975
68,092
The lina
Statements were approved by the Board of Trustees and avthorised for issue
and were signed on irs behalf by=
on
Ms A M Harri5- Trustee
Dr G S Acheson- Trustee
The notes form part of these financial statement5

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements
for the Year Ended 5 April 2023
General information
The charity is a public benefit entity. registered in England and Wales and a registered charity in England and
Wales. The address of the registefed office is Fakenham Connect. Oak Street. Fakenham, Norfolk. NR219DX.
Accounting policies
8asis of preparing the financial statements
The financial statements of the charity, which is a public benefit enttty under FRS 102. have been prepared in
accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement ol
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the
Charitie5 Aci 2011. The financial statewnents have been prepared under the historical c05t convention.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements. estimate5 and
assumptions thèt affeci the amounts reported. These estimates and judgements are continually reviewed and
are based on experience and other factors. including expectation5 of future event5 that are believed to be
Tea50nable under rhe circumstances.
Incoming resourtes
All incoming resources are included in the Statement of financial activities when entitlement has passed to the
charity,. it Is probable that the economic benefits associated with the transaction will flow to the charity and
the amount can be ieliably measured. The following specific policies are applied to particular categories of
income:
Income from donations or grants is recognised when there is evidence of entitlement to the gift. receipt is
probable and its amount can be measured reliably.
Legacy income 15 recogni5ed when ￿elp1 is probable and entitlernent is established.
Income from donated goods is rnea5ured at the fair value of the goods unless this 15 impractical to measure
reliably, in which case the value ss derived from the cost to the donor or rhe estimated resale value. Donated
facilities and services are recognised in the accounts when received if the value can be reliably measured. No
amounts are included for rhe contribution of general volunteers.
Income from contTacts for the supply of Services is recognised with the delivery of the contracted service. This
is classifted as unre5tTlCted funds unless the¥e is a contractual requirement for it to be spent on a particular
purpose and returned if unspent. in which case it may be regarded as restricted.
Resources expended
Expenditure is recogni5ed on an accruals basis as a liability is incurred. Expenditure includes any VAT which
annot be fully recovered. and 15 classified under headings in the statement of financial activities to which it
relate5'.
Expenditure on raising funds includes the £osts of all fundraising activities. events, non-charitable trading
activities, and the sale of donated goods.

The Fakenham Town Gas Work5 Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements - continued
for the Year Ended 5 April 2023
Accounting policies- continued
Resources expendèd
Expenditure on charitable attivttie5 includes all costs incurred by the charity in undertaking activities that
further its charitable aims lor rhe benefit of its beneficiaries, including those support costs and costs relBtirig to
the governance of the chariry apportioned to charitable actiwties.
Other expenditure include5 all expenditure that is neiiher ￿lated to raising funds for the charity nor part of
its expenditure on charitable activities.
All costs are allocated to expenditure caregofie5 reflerting the use ol the resource. Direct costs attributable to
a single activity are allocated directly to ihat artivity. Shared cost5 are apportioned between the activities they
contribute to on a reasonable, justifiable and con515tent basis.
Going contern
There are no tnaterial uncertainties about ihe charity's ability io continue operating as a going concern.
Tangible fixÈd assets
Depreciation 15 provided at the following anntjal rates in order to write off each asset over its estimated useful
Fixtures ènd fittings
Equipment
15% p.a. reducing balance
IO% on cost
All fixed assets are initially recorded at cost.
Only expenditure greèter than £l,¢XX) is to be considered for (apitalisation.
Stock5
Stocks are valued at the lower of cost and net realisable value. after making due allowance for obsolete and
slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Llnrestritted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purp05e5 Wlthin the objects of the charitv.
Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes.
Unrestricted funds
Unrestricted fvnds are grants and other incoming resources receivable or granted for the objects of the charitv
without further specified purposes and are available as general lunds.
Restricted funds
Restricted fuFids are to be used for specific purposes as laid down by the donor. Expenditure which meets
these criteria is charEed to the relevant fund.
Charge to taxation
The company being a registered chariiy is exempt from taxatron on its main activities.

The Fakenham Town Gas Work5 Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements - continued
for the Year Ended 5 April 2023
Investment income
5.4.23
5.4.22
Bank interest receivable
114
Trustees, remuneration and beneffts
There were no trustees. remuneration or other berbefit5 for the year ended S April 2023 nor lor the year ended
5 Apri5 2022.
Trustees, expenses
There were no trustees. expenses paid for the year ended 5 April 2023 nor for the year ended 5 April 2022.
Comparatives for the statement of financial activities
Unrestricted
fund
Restricted
funds
Total
funds
Income and endowments from
Charitable actbvities
Charitable activities
9.016
9.016
Invesiment incorne
Total
9.019
9,019
Expenditure on
Charitable artiwties
Charitable activities
4.120
4,120
NET INCOME
4,899
4,899
Reconciliation of funds
Total funds brought forward
18,577
44,616
63,193
Total funils carried forward
23.476
44,616
68,092

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2023
Tangible tixed asset5
Fixtures
and
fittings
Equrpment
Totals
C05t
At 6 April 2022
Additions
6.631
350
8.690
15.321
350
At S April 2023
6,981
8,690
15.671
Depreclation
At 6 April 2022
Charge for year
6.153
76
8.690
14,843
76
At S April 2023
6.229
8,690
14.919
Net book value
At 5 April 2023
752
752
At S April 2022
478
478
Sto¢ks
5.4.23
5.4.22
Stocks
50
50
Debtors: amounts falling due within one year
5.4.23
S.4.22
Other debtors
380
530
io

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2023
Creditors: amounts falling due within one year
5.4.23
5.4.22
Other creditors
1.292
480
io.
Movement in funds
Net
movement
in funds
At 6.4.22
At 5.4.23
Unrestrided funds
General lund
23.476
24.359
Restricied funds
Restflcted Fund I
44.616
44,616
TOTAL FUNDS
68,092
883
68,975
Net movement in funds. included in the aL70ve are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestrirted funds
General fund
3.506
12,6231
883
TOTAL FUNDS
3.506
12,6231
883
Comparatives for movement in funds
Net
movement
in funds
At 6.4.21
At 5.4.22
Vnrestrirted funds
General fund
18.577
4,899
23.476
Restricted funds
Restricted Fund I
44.616
44,616
TOTAL FUNDS
63,193
4,899
68,092
li

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2023
io.
Movement in funds- continued
Comparative net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
9,019
14.1201
4,899
TOTAL FUND5
9,019
14,1201
4.899
The restricted fund l is a maintenance grant from the National Grid.
ii.
Related party disclosu￿5
There were no related party transactions for the year ended 5 April 2023.
12.
Donations and grants
Unrestricted
fund5
Total funds
2022
Unrestricted
funds
Total funds
2021
Donations
Grants
9.016
9.016
10.708
10,708
9.016
9.016
10.708
10,708
12

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended S April 20Z3
13.
Expenditure on charitable artivities
Unrestricted
furids
Restricted
funds
Total funds
Z022
Legal and professional fees
Oepreciation of tangible fixed asset5
Other establishmer5t costs
749
749
2.578
2.578
3.411
3,411
Un￿strICted
funds
Restricted
fund5
Total funds
2021
Legal and professional fees
Depreciation of tangible fixed assets
Other establishrnent costs
1.737
43
1,780
99
375
375
2,211
43
2,254
14.
Expenditure on support costs
Unre5tricied
funds
Restricted
funds
Total funds
2022
Insurance
Postage and stationery
Sundries
Repairs and exhibit renewa15
442
442
84
183
183
709
709
Unrestricted
funds
Restricted
fund5
Total funds
2021
Insurance
Postage ènd stationery
Sundries
Repairs 3nd exhibit renewals
630
50
95
439
630
so
95
439
1,214
1,214
13

The Fakenham Town Ga5 Works Museum Trust
Charitable Incorporated Organisation
Detailed Statement of Financial Activities
for the Year Ended 5 April 2023
5.4.23
5.4.22
Income and endowments
Donations and legacies
Donations
3.392
Investment income
Bank interest receivable
114
Charitable activities
Grants
9,016
Total incoming resources
3,506
9.019
Expenditure
other trading activities
Purchases
28
Charitable activities
Other establishment cost5
Legal and professional fees
Depreciation of tangible fixed assers
436
1,4Cx)
76
2,578
749
84
1.912
3,411
Support costs
Other
Insurance
Postage and stationery
Repairs and exhibit renewa15
426
175
82
442
84
183
709
Total resources expended
2.623
4,12CI
Net income
883
4,899
This page does not form part of the statutory financial statements
14