REGISTERED CHARITY NUMBER: 0294371
Trustees. Report and
Unaudited Financial Statements for the Year Ended 5 April 2024
for
The Fakenharn Town Gas Works Museum Trust
Charitable Incorporated Organisation
Stephenson Smart (East Anglial 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 2024
Page
Trusteès, Report
Statement ot Financial Activities
Balance Sheet
Notes to the Financial Statements
8 to 14
Detailed Statement of Financial Artivities
15

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2024
The trustees present their ￿port and the unaudited financial statements of the charity for the year ended 5th April
2024.
Objectives and activities
Objectives
- To have an inclusive policy for everyone in the community.
TO advance the education of the public by providing access to and maintaining the only surviving town gas works in
England and Wale5.
To demonstrate how gas was made from coal. the working conditions for the men who rnade it and to display the
domestic eqvipment powered by gas.
-To strengihen the museums position as a principal 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-Partv
Parliamentary Group Industrial Heritage IAPORIAI.
To maintain a collection of literature concerning the former co31 gas industry.
To function as a focus for local social and natur31 history in Fakenham and the neighbouring village5 in association
with the partners in the Fakenham Heritage Group by outreach exhibitions.
To prtsduce readily accessible books and pamphlets about the gas industry and local history.
Activitiès
There is outstanding work from phase two of the restoration prograrnme including the white paint work, the front
boundary wall and wÉndow frames. Some of the work 15 awaiting consent from Historhc England.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2024
Achievement and performance
Finance
Chan8es to the cheque signature mandate has after a long time and two forrnal complaints been re501ved. The
request for a debit card is ongoing.
A5 fewer people carry cash, donations are falling. The possibility of a debit card reader is being investigated.
Total income for the year 2023-24 was £4.05312023.. £3.5061.
At 5 April 2024 the COIF Account stood at £S.S(KJ12023-. £5.5LK)l and the Charities Deposit account stands at £117
12023.. £1121.
The financial state of the ch3ritable rncorporated organi5ation ha5 remained stable.
Visitors
Visitor numbers in 2023-24 were 65612022-23.. 4271.
There are parts of the community who do not seem to ￿51t, this something that the trust continues to try to resolve.
Financial review
Full details of the Trust's accounts accompany this report.
Plans for futurè periods
Harry Yates has continued to lead on constitutional. accreditation. survey report. Trust meeting and day-to-day
management tsf the museum and Management Subcornmittee with delegated authority to rnanage the museum and
leading on negotiations with National Grid 5UPPOrted by Alan Longmuir.
A review of the museum opening hours and exposure through its digltal platform and group visits has been
undertaken leading to a development project which resulted in the rep051tioning of the museum withTn the industrial
herit3ge sector and will actively pursue group visits to accommodate the downturn in srewards and volunteers.
Discussions are contirTruing with National Grid Gas regarding securing a lease or a management arrangement to
operate the museum NG io provide Technical 511PPOrt and funding of annual repairs and securing a management
arrangement EO enable the Trust to operate the museum. Meanwhile the Trust is resolved to maintain the services
provided by the museum for the comtnunity at large.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees. Report
for the Year Ended 5 April 2024
Structure, governante and management
Fakenham Museum of Gas and Local History was created out of the former Fakenham Town Gasworks in 1987 when it
was opened as a rHuseum by the Duke of Gloucester. The Museum was incorporated on 5th March 1986 as a
company limited by guarantee and not having share capital. The document governing the operation ol the Museum is
a Memorandum ol Agreement beiween British Gas and The Norfolk Historic Buildings Trust and between the Museum
Trust dated 24th July 1986 the site owners are National Grid Propertv-
New Articles and Memorandum were prepared by Ms. Cole acting as consultant to the Trust were prepared during
thi5 period to enable the Trust to convert it's Governance status from Limited Company to that of Charitable
Incorporated Organisation ICIOI the documentation was presented to the Board of Directors for approval on 26th
June 2020 the Trust becoming a CIO on 21st October 2020.
The Museum is the sole owner of the collections of artefacts li holds which extend to dornestic appliances associated
with the gas industry, the structure5 that make up the Gasworks remain the property of National Grid.
Administration
The Fakenham Town Gasworks Museum Trust IFtGWMn is the body responsible for the administration of the
Fakenham Museum of Gas and Local History. The Trust is 3 registered Educational Charity No.. 2294371 and 15 a
Registered Charitable Incorporated Organisation. The CIO has as it5 registered office. the Fakenham Town Council,
Fakenham Connect. Oak Streei. Fakenharn, NR219DX.
The museum volunteer base demographic is one of mainly retired personnel some with many years. service to the
museum.
Governance
2023 - 2024 continued to be a difficult year in securing the long-terrn future of the museum by means of a new
management arrangement, £omplications of Energy Supplies both locally and globally impacted on National Grid
priorities and complex negotiations regarding energy IGasl specific business ambitions.
The Chairman has continued to robustly conduct negotiations with National Grid Properties INGPI.
The museurn now comes under the auspices of National Gas. The contaci is Mr Nick Side who is director of
Operations. Mr Side ha5 Vlslted the museum and been advised of the situation of the 125 year full repairing lease.
signed in the early 19805 it involved Norfolk Historic Buildings Trust INHBTI who have not assisted with any repairs
which over the years have been financed by Brit15h Gas and National Grid. NHBT have not been released from the
lease and despite legal advice there ha5 been no resolution.
Operational Artivities
The Trust continue5 to make contributions to the town by attracting visitors who may not otherwise have visited
Fakenharn.
The new portacabin 15 currently being used as a srore. This area will be cleared and used as a meeting room and an
office foT a Potential new curator. It is a150 proposed thai a new IT and telephone system be installed into this
portacabin.
The second phase of the maintenance and restoration of the site is significantly completed. The next phase of this
work needs to be discussed and agreed with National Ga5 as there 15 a siEnificant amount of work to repair the
ascension pipes in the retort house which are suffering Seve￿ cracking and to bring the gas holder back into
operation.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees, Report
for the Year Ended 5 April 2024
Action is being taken to strengthen the board of trustees there are rwo areas where there is a deficit of knowledEe
that require professional input. technical and historic. we will atternpt to fjnd suitable candidates to join our board.
The National Gas archive at Wa￿iCk offered space to store paper-based items the offered wa5 accepted as Fakenh3m
15 unable to provide suitable storage especially humidity control the project to audit and clear the library 15 ongoing.
Relations with Cèdent are good. Cadent held a wreath laying at the museurn. and provided a team of apprentices to
do two days of voluntary work at the rnuseum.
The entrance ramp had become very unsafe after twenty years of British Weather. National Gas constructed and
financed a new rarnp.
The rnuseum's Facebook page is up and running and appears to be well received.
Constitution
The change to CIO and the new Articles and Memorandum provide5 a much greater degree of flexibility to the
appointment of Trustees and the operation of the rnEbseum wtth third party involvement potential.
Accreditation
The museum is a fully accredited museum meeting the demanding standards of the Arts Council, it 15 anticipated that
the museum may be invited to Submit documentation for re-accreditation in 2025 at the earliest. Meanwhile a review
of the policies is bein8 conducted. The Arts Council panel identified areas for iwnprovement. These areas for
improvemerit reflect the on-gc)ing work to create a fflore stable and sustainable museum.
Gleeds survèy
Gleeds survey continues to provide to the Trust and National Gas an extensrve report and drawinES based on their
survey of the museum, base line condition. recording and advising of struttural defects and cyclical fnaintenance
needs with costs over a 10-year period. thi5 will form an integral part of the future arrangernents and discvssions
between the trust and National Gas.
Personnel
The museurn is managed on a day-to-day basis by the Management Subcommittee IMSCI with delegated authoritv
from the trust board of direttors. This form of management was introduced during 2015 and is embedded into the
museums management Structure.
With the retirement of fvlr Pa5cal the resignation due to illne55 of Mr Stone and the long terrn illness of Mr Yates the
work103d on other trustees has increased.
There is a continual requirement for Stewards during the open season it was possible to have enough cover but it is a
concern and extra opening hours are not P055ible.
The lack of volunteers to deal with bastc maintenance and other behind the stsnes work is having a noticeable effect.
Sotial contributions
The museum is unique as tt is the only preserved complete coal gas works in England and Wales, With the demise of
Carrickfergus the position of the Fakenham Gasworks Museum becomes of greater importance in retaining this
important elernent of our Industrial and Social Heritage.
As a centre for education, the museurn reache5 our to all levels of education in society from Junior school pupils to
univer51ty students and PTofe55ional government officers. The museum co-operates closely with the Fakenham
Comrnynity Archive Group.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Trustees. Report
for the Year Ended 5 April 2024
Reference and administrative details
Registered Charity number
0294371
Principal addre55
Fakenham Connect
Oak Street
Fakenham
Norfolk
NR219DX
Trustees
Mr5 A M Harris
Mr N J Stone Iresi8ned 31_3.20241
Dr G S Acheson
Mr J Baldwin
Mr H Yates
Mr A Longmuir
Mr N l Ezra lappointed 17.4.20231
Approved by order of the board of trustees on 3 October 2024 and signed on its behalf bv..
Mrs A M Harris- Trustee

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Statement of Financial Activities
for the Year Ended 5 April 2024
5.4.24
Total
funds
5.4.23
Total
funds
Unrestricted
fvnd
Restricted
fitnds
Notes
Income and endowments from
Donations and legaiies
3.583
3.583
3.392
Investment income
Other income
319
150
319
150
114
Total
4.052
4.052
3,506
Expenditure on
Raising funds
38
38
28
Charitable artivvties
Charitable activities
2.137
560
2.697
2,595
Total
2,175
560
2,735
2,623
INCOMEIIEXPENDITUREI
1.877
15601
1,317
883
Reconciliation of funds
Total fund5 brought forward
24.359
44.616
68.975
68.092
Total funds cèrried forward
26.236
44.056
70.292
68.975
The notes form part of these financial statements

The Fakenharn Town Gas Works Museum Trust
Charitable Incorporated Organisation
Balance Sheet
5 April 2024
5.4.24
Total
funds
5.4.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
Flxed assets
Tangible 3S5ets
639
639
752
Current assets
Stock5
Debtor5
Cash at bank and in hand
50
554
26.384
50
965
70,029
50
38C>
69.085
411
43.645
26.988
44.056
71,044
69,515
Creditors
Arnounts falling due within one year
11.3911
11,3911
11,2921
Net current assets
25.597
44,056
69.653
68,223
Total assets less current liabilities
26.236
44.056
70,292
68,975
NEf ASSETS
26.236
44.056
70.292
68,975
Funds
Unrestricted funds
Restricted fund5
io
26.236
44.056
24,359
44,616
Total funds
70,292
68,975
The financial statements were approved by the 8oard of Trustees and auihorised for issue on 3 October 2024 and
were signed on its behalf by..
Mrs A M Harris- Trustee
LJ
Dr G S Acheson- Trustee
The notes form part of these financial statements

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements
for the Year Ended 5 April 2024
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 registered office is Fakenham Connect. Oak Street. Fakenham. Norfolk, NR219DX.
Accounting polities
Basis of preparing the financial Statements
The financial staternents of the charity, which is a public benefit entity under FRS 102, have been prepared in
accordance wth the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporring Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191,, Financial
Reporting standard 102 'The Financial Reportrng Standard applicable in the UK and Republic of Ireland, and the
Charities Att 2011. The finarbcial statements have been prepared under the historrcal cost convention.
Judgements and key source5 of estimation untert3inty
The preparation of the financial statements requires rnanagement to make judgements. estimates and
assumption5 that affett the amounts reported. These estimates and judgements are continually reviewed and
are based on experience and other factors. including expertations of future events that are believed to be
reasonable under the circumstance5.
Incoming resources
All illcoming resources are included in the statement of financial activtties when entitlement has passed to the
charity,. it is probable that rhe economic benefits associated with the transattion will flow to the charity and
the amount can be reliably 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 is recognised when receipt is probable and entitlement is established.
Income from donated goods is measured at the fair value of the good5 unless this 15 impractical to measure
reliably, in which case the value is derived from the cosr to the donor or the estirnated resale value. Donated
facilities and Services are recognised in the accounts when received if the value can be reliably measijied. No
amounts are included for the contribution of general volunteers.
Intorne frorn contracts for the supply of service5 is recognised with the delivery of the contracted service. This
is classified as unrestritted funds unless there is a contractual requlrement for tt to be spent on a particular
purpose and retvrned 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
cannot be fully recovered, and 15 classified under headings in the statement ol financial activities to which it
relates..
Expenditure on raising funds include5 the costs of all fundraisinE actiwties. events. non-charitable trading
activities, and the sale of donated goods.

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Staternents- continued
for the Year Ended 5 April 2024
Accounting policies- continued
Resourees expended
Expenditure on charitable artivities includes all costs incurred by the charity in undertaking attivitTes that
further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to
the governance of the charity apportioned to charitable activities.
Other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of
it5 expenditure on charitable activities.
All costs are allocated to expenditure categories reflerting the use of the resource. Direct costs attributable to
a single activity are allocated directly to that activity. Shared costs are apportioned between the actwities thev
contribute to on a reasonable. justifiable and consistent basis.
Going concern
There are no material uncertainties about the charity's ability io continue operating as a going concern.
Tangible fixed assets
Depreciation is provided at the following annual rate5 In order to write off each asset over its estimated useful
Fixtures and fittin85
Equipment
15% p.a. reducinE balance
IO% on cost
All fixed assets are initially recorded at cost.
Only expenditure greater than £l(YJ is io be considered for capitalisation_
Stocks
Stocks are valued at the lower of cost and net ￿alisable value. after making due allowance for obsolete and
slow moving items.
Taxation
The charity is exernpt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objective5 at the discretion of the tTUStees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the dorsor or when funds are raised for particular restricted purposes.
Unrestrirted fund5
Unrestricted funds are grants and other incomin8 resources receivable or 8ranted for the objects of the charity
without further Specified purposes and are available a5 general funds.
Restricted funtls
Restricted funds are to be used for Specific purposes a5 laid down by the donor. Expenditure which meets
these criteria is charged to the relevant fund.
Chargè to taxation
The company being a registered charity is exempt from taxation on its main activities.

The Fakenham Town Ga5 Works Museurn Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2024
Investment income
5.4.24
5.4.23
Bank interest receivable
319
114
Tru5tees' remuneration and benefits
There were no tru5tees' remuneration or other benefits for the year ended 5 April 2024 nor for the year ended
5 April 2023.
Trustees. expenses
There were no trustees. expenses paid for the year ended 5 April 2024 nor for the year ended 5 April 2023.
Comparatives for the statement of financial artivities
Unrestricted
fund
Restricted
funds
Total
funds
Income and endowments from
t>onations and legacies
3.392
3.392
Investment income
114
114
Total
3,506
3,506
Expenditure on
Raising funds
28
28
Charitable artivrties
Charitable activities
2.595
2,595
Total
2.623
2.623
NETINCOME
883
Reconciliatlon of funds
Total fund5 brought forward
23.476
44.616
68,092
Total funds carried forward
24.359
44.616
68,975
io

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2024
Tangible fixed assets
Fixtures
and
fittings
Equipment
Totals
Cost
At 6 April 2023 and 5 April 2024
6.981
8,690
15,671
Depreciation
At 6 April 2023
Charge for year
6.229
113
8,690
14,919
113
At 5 April 2024
6,342
8.690
15,032
Net book value
At 5 April 2024
639
639
At 5 April 2023
752
752
Stocks
5.4.24
5.4.23
Stocks
50
50
Debtors: amounts falling due within one year
5.4.24
5.4.23
Other debtors
965
380
li

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Note5 to the Financial Statements- continued
for the Year Ended S April 2024
Creditors: amounts falling due within one year
5.4.24
5.4.23
Other creditors
1.391
1.292
io.
Movement in funds
Net
movement
rn funds
At 6.4.23
At 5.4.24
Unrestricted funds
General fund
24.359
1.877
26,236
Restrirted fund5
Restricted Fund I
44.616
15601
44.056
TOTAL FLJNDS
68.975
1,317
70,292
Net movement in funds. included rn the above are as follows=
Incoming
resources
Resour￿$
expended
Movement
in funds
Unrestrirted funds
General fund
4,052
12.1751
1.877
Restrirted funds
Restricted Fund I
15601
15601
TOTAL FUNDS
4.052
12.7351
1,317
12

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2024
io.
Movement in funds- continued
Comparatives for movement in funds
Net
movement
in funds
At 6.4.22
At 5.4.23
Unrestrirted funds
General fund
23.476
24,359
Re￿rIcted funds
Restricted Fund I
44,616
44.616
TOTAL FUNDS
68.092
68.975
Comparative net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in fund5
Unrestricted fvnds
General fund
3.506
12,6231
883
TOTAL FUNDS
3.506
12.6231
883
The restricted fund is a grant from the National Grid with a balance at 31 March 2024 of £44.056 12023..
£44,616), restricted in its vsa£e to ma¥ntenance of facilities.
ii.
Relatetd party disclosures
There were no related party transartions for the year ended S April 2024.
13

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organisation
Notes to the Financial Statements- continued
for the Year Ended 5 April 2024
12.
Expenditure on th3ritable activities
Unrestricted
funds
Restricted
funds
Total funds
2024
Legal and professional fees
Depreciation of tangible fixed assets
Other establishment costs
760
113
847
760
113
847
1.720
1,720
Unrestritted
funds
Restritted
funds
Totsl funds
2023
Legal and prtsfe5sional fees
Depreciation of tangible fixed assets
Other establi5hrnent costs
1,400
76
436
1,400
76
436
1.912
1.912
13.
Expenditure on support costs
Unrestricted
funds
Restricted
funds
Total fund5
2024
Insurance
Postage and stationery
Repairs and exhibit renewals
333
333
84
560
560
417
560
977
Unrestricted
fund5
Restricted
funds
Totsl funds
2023
Insurance
Postage and stationery
Repairs and exhibit renewals
426
175
82
426
175
82
683
14

The Fakenham Town Gas Works Museum Trust
Charitable Incorporated Organi5ation
Detailed Statement of Financial Activities
for the Year Ended 5 April 2024
5.4.24
5.4.23
Income and endowments
Donation5 and legacies
Donations
3.583
3.392
Investment income
Bank interest receivable
319
114
other income
Other income
150
3.506
Total incoming resources
4,052
Expenditure
Other trading artiwties
Purchases
38
28
Charitable activities
Other establishment costs
Legal and professional fees
Depreciation of tangible fixed assets
847
760
113
436
1,400
76
1.720
1,912
Support tosts
Other
Insurance
Postage and stationery
Repairs and exhibit renewals
333
84
560
426
175
82
977
683
Total resources expended
2,735
2.623
883
Net income
1,317
This page does not form part of the statutory financial Statements
15