FAKENHAM TOWN GASWORKS MUSEUM TRUST HEMPTON ROAD FAKENHAM
NORFOLK, NR217LA CHARITY NO: 294371
Stephenson Smart (East Anglia) Limited 10 Oak Street Fakenham Norfolk NR21 9DY
Dear Sirs
We confirm that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience and, where appropriate, of inspection of supporting documentation, sufficient to satisfy ourselves that we can properly make each of the following representations to you, in connection with your preparation of the charityss financial statements for the year ended 5[th ] April 2025.
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1 We acknowledge, as trustees, our collective responsibility under the Charities Act 2011 for presenting financial statements, which give a true and fair view and confirm that we have approved the financial statements for the year ended 5[th ] April 2025. We also acknowledge our responsibility for making accurate representations to you. All the accounting records have been made available to you for the purpose of your assignment and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all trustee and management meetings, have been made available to you.
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2 We confirm that the charity is eligible to claim exemption from external scrutiny of its financial statements, and that there are no circumstances which we should draw to your attention which would invalidate this eligibility. We acknowledge that the work performed by you is substantially less in scope than an audit performed in accordance with International Standards on Auditing (UK).
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3 We confirm that the accounting policies and estimation techniques adopted for the preparation of the financial statements are the most appropriate to the circumstances in which the charity operates.
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4 All grants, donations and other incoming resources, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions during the period in the application of such incoming resources. The following endowments and restricted income grants and donations were received during the period: None
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5 Other than those disclosed in the financial statements we are not aware of any material liabilities, provisions, contingent liabilities, contingent assets or contracted for capital commitments that need to be provided for or disclosed in the financial statements.
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6 The charity has satisfactory title to all assets and there are no liens or encumbrances on the charityss assets except as disclosed in the notes to the financial statements.
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7 Other than those disclosed in the financial statements, the charity has not entered into any transa&ions or has balances outstanding involving trustees, officers or other related parties, which require disclosure under the law or the financial reporting framework adopted, including the Charities SORP. If relevant, appropriate disclosure has been made of the control of the charity.
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8 We acknowledge our responsibility for the design and implementation of internal controls to prevent and detect errors or fraud, and have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud. We are unaware of any irregularities, including fraud and suspected fraud, involving management, employees or others who have significant roles in internal control, or those employed by the charity where the fraud could have a material effect on the financial statements. No allegations of such irregularities or breaches have come to our notice.
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9 We are unaware of any breaches or possible breaches of statute, regulations, contracts, agreements or the charityss constitution which might result in the charity suffering significant penalties or other loss. No allegations of such irregularities or breaches have come to our notice. We confirm that the charity has had no non-routine communication with Charity Commission during or since the period of which you are unaware.
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10 We have reviewed the affairs of the charity and confirm that no income is subject to income or capital gains tax. We have also reviewed the VAT treatment in relation to contractual services provided by the charity and confirm that VAT has been correctly accounted for.
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11 The financial statements have been prepared on the going concern basis as we believe that adequate cash resources will be available to cover the charityss requirements for working capital and capital expenditure for at least the next twelve months. We are not aware of any other factors which could put into jeopardy the charityss going concern status during or beyond this period.
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12 There have been no events since the balance sheet date which necessitate revision of the figures included in the financial statements or inclusion of a note thereto. Should further material events occur, which may necessitate revision of the figures included in the financial statements or inclusion of a note thereto, we will advise you accordingly.
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13 We confirm that two charity representatives are present when cash collecting tins are opened, and both representatives count the cash collected.
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14 We confirm that the charity has adequate procedures in place to identify intangible income and all intangible income has been appropriately valued and included in the financial statements.
Yours faithfully
Dr GS Signed on behalf of the board of trustees
REGISTERED CHARITY NUMBER: 0294371
Trusteess Report and
Unaudited Financial Statements for the Year Ended 5 April 2025
for
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Stephenson Smart (East Anglia) Limited 10 Oak Street Fakenham Norfolk NR21 9DY
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Contents of the Financial Statements
for the Year Ended 5 April 2025
| Page | ||
|---|---|---|
| Trusteess Report | 1 to | 5 |
| Statement of Financial Activities | 6 | |
| Balance Sheet | 7 | |
| Notes to the Financial Statements | 8 to | |
| Detailed Statement of Financial Activities | 15 |
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Trusteess Report for the Year Ended 5 April 2025
Reference and administrative details Registered Charity number 0294371
Principal address Fakenham Town Gas Works Museum Trust Hempton Road Fakenham Norfolk NR21 7LA Trustees Mrs A M Harris Dr G S Acheson MrJ Baldwin Mr H Yates (resigned 4.10.2024) Mr A Longmuir Mr N J Ezra Ms P W Johnson (appointed 23.7.2025) Mr L F Coburn (appointed 1.7.2025)
Approved by order of the board of trustees on 24/10/2025 and signed on its behalf by:
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Financial
Ended 5 April
| Statement of Activities |
|||||
|---|---|---|---|---|---|
| for the Year 2025 |
|||||
| 5.4.25 | 5.4.24 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | E | ||||
| Income and endowments from | |||||
| Donations and legacies | 3,340 | 3,340 | 3,583 | ||
| Investment income |
3 | 293 | 293 | 319 | |
| Other income | 150 | ||||
| Total | 3,633 | 3,633 | 4,052 | ||
| Expenditure on | |||||
| Raising funds | 300 | 300 | 38 | ||
| Charitable activities | |||||
| Charitable activities | 3,435 | 1,623 | 5,058 | 2,697 | |
| Total | 3,735 | 1,623 | 5,358 | 2,735 | |
| NET INCOME/(EXPENDITURE) | (102) | (1,623) | (1,725) | 1,317 | |
| Reconciliation of funds | |||||
| Total funds brought forward | 26,236 | 44,056 | 70,292 | 68,975 | |
| Total funds carried forward | 26,134 | 42,433 | 68,567 | 70,292 |
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
The notes formpart of these financial statements
Balance Sheet 5 April 2025
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| fund | funds | funds | funds | ||
| Notes | E | E | E | ||
| Fixed assets | |||||
| Tangible assets | 6 | 809 | 809 | 639 | |
| Current assets | |||||
| Stocks | 7 | 50 | 50 | 50 | |
| Debtors | 8 | 576 | 472 | 1,048 | 965 |
| Cash at bank and in hand | 26,512 | 41,961 | 68,473 | 70,029 | |
| 27,138 | 42,433 | 69,571 | 71,044 | ||
| Creditors | |||||
| Amounts falling due within one year | 9 | (1,813) | (1,813) | (1,391) | |
| Net current assets | 25,325 | 42,433 | 67,758 | 69,653 | |
| Total assets less current liabilities | 26,134 | 42,433 | 68,567 | 70,292 | |
| 5.4.25 | 5.4.24 | ||||
| NET ASSETS | 26, 134 | 42,433 | 68,567 | 70,292 | |
| Funds | 10 | ||||
| Unrestricted funds | 26,134 | 26,236 | |||
| Restricted funds | 42,433 | 44,056 | |||
| Total funds | 68,567 | 70,292 |
The financial statements were approved by the Board of Trustees and were authorised for issue on
24/10/2025and
signed on its behalf by:
7
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Notes to the Financial Statements for the Year Ended 5 April 2025
The notes form part of these financial statements
1. 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, NR21 9DX.
2. Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) sAccounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)s, Financial Reporting Standard 102 sThe Financial Reporting Standard applicable in the UK and Republic of Irelands and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Incoming resources
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 reliably measured. The following specific policies are applied to particular categories of income:
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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.
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Legacy income is recognised when receipt is probable and entitlement is established.
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Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the 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 the contribution of general volunteers.
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Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there 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
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings in the statement of financial activities to which it relates:
Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
- Accounting policies - continued
Resources expended
Expenditure on charitable activities includes all costs incurred by the charity in undertaking activities 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 its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Going concern
There are no material uncertainties about the charityss ability to continue operating as a going concern.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 15% p.a. reducing balance Equipment 10% on cost
All fixed assets are initially recorded at cost.
Only expenditure greater than EIOO is to be considered for capitalisation.
Stocks
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
Unrestricted 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 purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Unrestricted funds
Unrestricted funds are grants and other incoming resources receivable or granted for the objects of the charity without further specified purposes and are available as general funds.
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
Restricted funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the relevant fund.
Charge to taxation
The company being a registered charity is exempt from taxation on its main activities. 3. Investment income
| Investment income | ||
|---|---|---|
| 5.4.25 | 5.4.24 | |
| Bank interest receivable | 293 | 319 |
4. Trusteess remuneration and benefits
There were no trusteess remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trusteess expenses
There were no trusteess expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
5. Comparatives for the statement of financial activities
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| fund | funds | funds | |
| Income and endowments from | E | ||
| Donations and legacies | 3,583 | 3,583 | |
| Investment income | 319 | 319 | |
| Other income | 150 | 150 | |
| Total | 4,052 | 4,052 | |
| Expenditure on | |||
| Raising funds | 38 | 38 | |
| Charitable activities | |||
| Charitable activities | 2,137 | 560 | 2,697 |
| Total | 2,175 | 560 | 2,735 |
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
| NET INCOME/(EXPENDITURE) | 1,877 | (560) | 1,317 | |
|---|---|---|---|---|
| Reconciliation of funds | ||||
| Total funds brought forward | 24,359 | 44,616 | 68,975 |
|
| Total funds carried forward | 26,236 | 44,056 | 70,292 |
|
| 6. | Tangible fixed assets | |||
| Fixtures and fittings | Equipment | |||
| Totals | ||||
| Cost | ||||
| At 6 April 2024 | 6,981 | 8,690 | 15,671 | |
| Additions | 280 | 280 | ||
| At 5 April 2025 | 7,261 | 8,690 | 15,951 | |
| Depreciation | ||||
| At 6 April 2024 | 6,342 | 8,690 | 15,032 | |
| Charge for year | 110 | 110 | ||
| At 5 April 2025 | 6,452 | 8,690 | 15,142 | |
| Net book value | ||||
| At 5 April 2025 | 809 | 809 | ||
| At 5 April 2024 | 639 | 639 | ||
| 7. | Stocks | |||
| 5.4.25 | 5.4.24 | |||
| Stocks | 50 | 50 | ||
| 8. | Debtors: amounts falling due within one year | |||
| 5.4.25 | 5.4.24 | |||
| Other debtors | 1,048 | 965 | ||
| 9. | Creditors: amounts falling due within one year |
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The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
Notes to the Financial Statements - continued
for the Year Ended 5 April 2025
| for | the Year Ended 5April2025 | |||
|---|---|---|---|---|
| 5.4.25 | 5.4.24 | |||
| Other creditors | 1,813 | 1,391 | ||
| 10. | Movement in funds | |||
| Net | ||||
| movement | ||||
| At 6.4.24 | in funds | At 5.4.25 | ||
| Unrestricted funds | ||||
| General fund | 26,236 | (102) | 26,134 | |
| Restricted funds | ||||
| Restricted Fund 1 | 44,056 | (1,623) | 42,433 | |
| TOTAL FUNDS | 70,292 | (1,725) | 68,567 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming Resources Movement resources | ||||
| expended in funds | ||||
| Unrestricted funds | ||||
| General fund | 3,633 | (3,735) | (102) | |
| Restricted funds | ||||
| Restricted Fund 1 | (1,623) | (1,623) | ||
| TOTAL FUNDS | 3,633 | (5,358) | (1,725) | |
| 10. | Movement in funds - continued | |||
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | ||||
| At 6.4.23 E | in funds | At 5.4.24 | ||
| Unrestricted funds | ||||
| General fund | 24,359 | 1,877 | 26,236 | |
| Restricted funds | ||||
| Restricted Fund 1 | 44,616 | (560) | 44,056 | |
| 1,317 | 70,292 | |||
| TOTAL FUNDS | 68,975 | |||
| Comparative net movement in funds, included in the above are | as follows: | |||
| Incoming | Resources |
Movement |
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
| resources | expended | in funds | |
|---|---|---|---|
| Unrestricted funds | |||
| General fund | 4,052 | (2,175) | 1,877 |
| Restricted funds | |||
| Restricted Fund 1 | (560) | (560) | |
| TOTAL FUNDS | 4,052 | (2,735) | 1,317 |
The restricted fund is a grant from the National Grid with a balance at 31 March 2025 of €42,433 (2024: €44,056), restricted in its usage to maintenance of facilities.
11. Related party disclosures
There were no related party transactions for the year ended 5 April 2025.
12. Expenditure on charitable activities
| Expenditure on charitable activities | |||
|---|---|---|---|
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2025 | |
| E | |||
| Legal and professional fees | 770 | 770 | |
| Depreciation of tangible fixed assets | 110 | 110 | |
| Other establishment costs | 1,987 | 1,987 |
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
2,867
7
| The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation |
7 2,867 |
|
|---|---|---|
| Notestothe Financial Statements-continued for the Year Ended 5April2025 Legal and professional fees Depreciation of tangible fixed assets Other establishment costs 13. Expenditure on support costs Insurance Postage and stationery Sundries Repairs and exhibit renewals Insurance Postage and stationery Repairs and exhibit renewals |
Unrestricted funds 760 113 847 Restricted funds Total funds 2024 760 113 847 |
|
| 1,720 Unrestricted funds 515 53 Restricted funds 1,623 1,720 Total funds 2025 515 53 1,623 |
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| 568 1,623 2,191 |
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| Unrestricted funds 333 84 Restricted funds 560 Total funds 2024 333 84 560 |
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| 417 560 977 |
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| 5.4.25 5.4.24 3,340 3,583 293 319 150 |
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| Detailed Statement of Financial Activities for the Year Ended 5 April 2025 Income and endowments Donations and legacies Donations Investment income Bank interest receivable Other income Other income |
||
The Fakenham Town Gas Works Museum Trust Charitable Incorporated Organisation
| Total incoming resources | 3,633 | 4,052 |
|---|---|---|
| Expenditure | ||
| Other trading activities | ||
| Purchases | 300 | 38 |
| Charitable activities | ||
| Other establishment costs | 1,987 | 847 |
| Legal and professional fees | 770 | 760 |
| Depreciation of tangible fixed assets | 110 | 113 |
| 2,867 | 1,720 | |
| Support costs | ||
| Other | ||
| Insurance | 515 | 333 |
| Postage and stationery | 84 | |
| Sundries | 53 | |
| Repairs and exhibit renewals | 1,623 | 560 |
| 2,191 | 977 | |
| Total resources expended | 5,358 | 2,735 |
| Net (expenditure)/income | (1,725) | 1,317 |
This page does not form part of the statutory financial statements
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