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REGISTERED COMPANY NUMBER: 01825714 (England and Wales)
REGISTERED CHARITY NUMBER: 289752














REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

THE BATH STONE QUARRY MUSEUM TRUST LTD

THE BATH STONE QUARRY MUSEUM TRUST LTD






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Report of the Trustees 1

Statement of Financial Activities 2

Balance Sheet 3

Notes to the Financial Statements 4 to 8

THE BATH STONE QUARRY MUSEUM TRUST LTD (REGISTERED NUMBER: 01825714)

REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01825714 (England and Wales)

Registered Charity number
289752

Registered office
1 Abacus House
Newlands Road
Corsham
Wiltshire
SN13 0BH

Trustees
M J Dodd Retired
T A Y Pollard Director
Mrs N A Roberts Company Director

PRINCIPAL ACTIVITIES
The object for which the company is established is to advance the education of the public in the quarrying, working and transport of Bath Stone and similar oolitic freestones by the provision of a museum.

Approved by order of the board of trustees on 11 March 2025 and signed on its behalf by:





Mrs N A Roberts - Trustee

THE BATH STONE QUARRY MUSEUM TRUST LTD

STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024

31/12/24 31/12/23
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - - - 669

Investment income 2 1,595 - 1,595 1,395
Total 1,595 - 1,595 2,064

EXPENDITURE ON


Other 3,880 - 3,880 4,859

NET INCOME/(EXPENDITURE) (2,285 ) - (2,285 ) (2,795 )


RECONCILIATION OF FUNDS
Total funds brought forward 78,445 51,951 130,396 133,191

TOTAL FUNDS CARRIED FORWARD 76,160 51,951 128,111 130,396

THE BATH STONE QUARRY MUSEUM TRUST LTD (REGISTERED NUMBER: 01825714)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £   
FIXED ASSETS
Tangible assets 6 111,532 112,204

CURRENT ASSETS
Debtors 7 210 197
Cash at bank 25,611 31,057
25,821 31,254

CREDITORS
Amounts falling due within one year 8 (9,242 ) (13,062 )

NET CURRENT ASSETS 16,579 18,192

TOTAL ASSETS LESS CURRENT LIABILITIES 128,111 130,396

NET ASSETS 128,111 130,396
FUNDS 10
Unrestricted funds:
General fund 76,160 78,445
Restricted funds:
Restricted 51,951 51,951
TOTAL FUNDS 128,111 130,396

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 11 March 2025 and were signed on its behalf by:





N A Roberts - Trustee

THE BATH STONE QUARRY MUSEUM TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

the requirements of Section 7 Statement of Cash Flows.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

The following specific policies are applied to particular categories of income:

1. Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities

2. Investment income is included when receivable.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

1. Costs of generating funds comprise the costs associated with attracting voluntary income;
2. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them;
3. Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the costs linked to the strategic management of the charity;
4. All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on a an appropriate basis.

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 - 20% on reducing balance
Computer equipment - 25% on cost

Non-depreciation of freehold property

The estimated residual value of the company's freehold property is approximately equal to its net book value. It is the company's policy to maintain this property to a high standard, so that the estimated residual value will not be impaired over time. The costs of the maintenance are charged to the profit and loss account as they are incurred. The trustees are of the opinion that any depreciation in respect of the company's freehold property would be immaterial and consequently no provision is made in the accounts for such depreciation.

Taxation
The charity is exempt from corporation tax on its charitable activities.

THE BATH STONE QUARRY MUSEUM TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. INVESTMENT INCOME
31/12/24 31/12/23
Unrestricted Restricted Total Total
funds funds funds funds
£    £    £    £   
Other income 1,595 - 1,595 1,395

3. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31/12/24 31/12/23
£    £   
Depreciation - owned assets 672 760

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.


5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies - 669 669

Investment income 1,395 - 1,395
Total 1,395 669 2,064

EXPENDITURE ON


Other 4,859 - 4,859

NET INCOME/(EXPENDITURE) (3,464 ) 669 (2,795 )


RECONCILIATION OF FUNDS
Total funds brought forward 81,909 51,282 133,191

TOTAL FUNDS CARRIED FORWARD 78,445 51,951 130,396


THE BATH STONE QUARRY MUSEUM TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

6. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 January 2024 and 31 December 2024 109,682 18,453 1,299 129,434
DEPRECIATION
At 1 January 2024 - 16,716 514 17,230
Charge for year - 347 325 672
At 31 December 2024 - 17,063 839 17,902
NET BOOK VALUE
At 31 December 2024 109,682 1,390 460 111,532
At 31 December 2023 109,682 1,737 785 112,204

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Prepayments and accrued income 210 197

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade creditors 14 11
Other creditors 7,918 11,856
Accruals and deferred income 1,310 1,195
9,242 13,062

9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
31/12/24 31/12/23
Unrestricted Restricted Total Total
fund fund funds funds
£    £    £    £   
Fixed assets 111,532 - 111,532 112,204
Current assets (26,130 ) 51,951 25,821 31,254
Current liabilities (9,242 ) - (9,242 ) (13,062 )
76,160 51,951 128,111 130,396

10. MOVEMENT IN FUNDS
Net
movement At
At 1/1/24 in funds 31/12/24
£    £    £   
Unrestricted funds
General fund 78,445 (2,285 ) 76,160

Restricted funds
Restricted 51,951 - 51,951

TOTAL FUNDS 130,396 (2,285 ) 128,111

THE BATH STONE QUARRY MUSEUM TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,595 (3,880 ) (2,285 )

TOTAL FUNDS 1,595 (3,880 ) (2,285 )


Comparatives for movement in funds

Net
movement At
At 1/1/23 in funds 31/12/23
£    £    £   
Unrestricted funds
General fund 81,909 (3,464 ) 78,445

Restricted funds
Restricted 51,282 669 51,951

TOTAL FUNDS 133,191 (2,795 ) 130,396

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 1,395 (4,859 ) (3,464 )

Restricted funds
Restricted 669 - 669

TOTAL FUNDS 2,064 (4,859 ) (2,795 )

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/1/23 in funds 31/12/24
£    £    £   
Unrestricted funds
General fund 81,909 (5,749 ) 76,160

Restricted funds
Restricted 51,282 669 51,951

TOTAL FUNDS 133,191 (5,080 ) 128,111

THE BATH STONE QUARRY MUSEUM TRUST LTD

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

10. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 2,990 (8,739 ) (5,749 )

Restricted funds
Restricted 669 - 669

TOTAL FUNDS 3,659 (8,739 ) (5,080 )

11. RELATED PARTY DISCLOSURES

During the year, Mrs N A Roberts, a company director and trustee withdrew £4,000 from the charity. £62 was allocated to Mrs N A Roberts for expenses paid personally, but not yet refunded. The amount now due to Mrs N A Roberts of £7,918 (2021- £11,856) is included in Other Creditors.