| Page | ||||
|---|---|---|---|---|
| Annual | Report | 1-7 | ||
| Independent | Examiner's | Report | ||
| Statement | of Financial | Activities | ||
| Balance | Sheet | 10 | ||
| Notes | 11-17 |
| The | charity trustees who served |
during | the year and | their appointing | their appointing | bodies are: | |
|---|---|---|---|---|---|---|---|
| Brig (Retd) J KTanner OBE | Chairman | (to October | 2021) | Co-opted | |||
| Brig SJ Banton OBE | Chairman | —appointed | 26 | April 2022 | Co-opted | ||
| Col A C D Walton MBE TD DL | Co-opted | ||||||
| Maj (Retd) M J Simpkins | Co-opted | ||||||
| Mr A Clyro | Co-opted | ||||||
| Maj (Retd) J BMassey | Co-opted | ||||||
| Lt Col D J S Bailey | Co-opted | ||||||
| Mr V R H Barrett MBE | Co-Opted | ||||||
| Miss L Rochefie | Co-Opted |
| Museum | director: | director: | Mr Peter Collins | Mr Peter Collins | ||
|---|---|---|---|---|---|---|
| Address: | Staffordshire | Regiment | Museum | |||
| Defence Medical Services | ||||||
| Whittington | ||||||
| Lichfield | ||||||
| Staffordshire | ||||||
| WS14 9PY | ||||||
| Website: | www. staffordshireregimentmuseum. | corn | ||||
| Charity No.: | 1096944 | |||||
| Independent | Examiner: | A P Morris | ||||
| Dains Audit | Ltd | |||||
| St John's Court | ||||||
| Wiltell Road | ||||||
| Lichfield | ||||||
| Staffordshire | ||||||
| WS149DS | ||||||
| Bankers | HSBC Pic | |||||
| 49 Market Street | ||||||
| Lichfield | ||||||
| Staffordshire | ||||||
| WS13 LB |
| Unrestricted | Unrestricted | Restricted | Designated | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |||||
| Notes | F | ||||||||
| Income from: | |||||||||
| Donations 8 legacies |
2 | 6,889 | 22,751 | 29,640 | 35,381 | ||||
| Other trading activities |
3 | 15,187 | 15,187 | 12,198 | |||||
| Investments | 4 | 9,009 | 9,009 | 5,891 | |||||
| Charitable activities |
|||||||||
| Museum admissions |
inc. | events | 32,317 | 32,317 | 21,903 | ||||
| School visits | 17,470 | 17,470 | 8,516 | ||||||
| Other | 850 | ||||||||
| Transfer Staffordshire | TA | Trust | 51,751 | 51,751 | |||||
| Transfer Staffordshire | Regimental | ||||||||
| Association | 114,124 | ||||||||
| Total Income | 132,623 | 22,751 | 155,374 | 198,863 | |||||
| Expenditure on: |
|||||||||
| Raising funds | 3 | 7,659 | 7,659 | 5,742 | |||||
| Investment management |
costs | 872 | 872 | 742 | |||||
| Charitable activities |
7/8 | 76,307 | 24,376 | 100,683 | 91,263 | ||||
| Other costs | |||||||||
| Independent examiner |
9 | 4,000 | 4,000 | 2,895 | |||||
| Total | 88,838 | 24,376 | 113,214 | 100,642 | |||||
| Unrealised gain/(loss) |
on | investments | 12 | 2,364 | 2,364 | 9,824 | |||
| Net income | 46,419 | (1,625) | 44,524 | 108,045 | |||||
| Transfer between funds |
10 | 1,585 | (1,585) | ||||||
| Reconclgation offunds: |
|||||||||
| Fund balances brought |
forward | 397,084 | 3,210 | 15,432 | 415,726 | 307,681 | |||
| Fund balances cerned | forward | 445,088 | 15,432 | 460,250 | 415,726 |
| Notes | 2023f | f | 2022 f |
|||
|---|---|---|---|---|---|---|
| Fixed Assets | ||||||
| Heritage Assets | 1e/11 | 32,100 | 32,100 | |||
| Tangible Assets | 10 | 8,493 | 9,589 | |||
| Listed Investments | 12 | 227,830 | 201,024 | |||
| 268,423 | 242,713 | |||||
| Current Assets | ||||||
| Stock | 9,830 | 9,645 | ||||
| Debtors | 14 | 3,569 | 2,057 | |||
| Cash at Bank and on Deposit | 13 | 209,922 | 209,477 | |||
| 223,321 | 221,179 | |||||
| Current Liabilities |
||||||
| Creditors | 14 | 31,494 | 48,166 | |||
| Net Current Assets | 191,827 | 173,013 | ||||
| Net Assets | ||||||
| 460,250 | 415,726 | |||||
| Represented By: |
||||||
| Designated Funds— |
||||||
| Museum Endowment |
Fund | 15,432 | 15,432 | |||
| Restrkted Funds |
3,210 | |||||
| Unrestricted Funds |
445,088 | 397,084 | ||||
| 460,250 | 415,726 |
| Donations an |
d Lega | cies | ||||
|---|---|---|---|---|---|---|
| IJnrestrlcted | Restricted | Total | Total | |||
| 2023 | 2022 | |||||
| 6 | 6 | |||||
| Donations | 2,839 | 2,839 | 7,053 | |||
| Tax repayable | on Gift | Aid/GASDS | 2,577 | 2,577 | 2,007 | |
| Grants | ||||||
| HMRC Coronavirus | Job Retention | 507 | ||||
| Ministry of Defence AMDT |
22,751 | 22,751 | 22,304 3,210 |
|||
| Other | 1,473 | 1,473 | 300 | |||
| 6,889 | 22,751 | 29,640 | 35,381 |
| 3. | Other trading activities | ||
| 2023f | 2022 | ||
| Income | |||
| Shop Sales Research |
13,926 1,261 |
10,556 1,642 |
|
| 15,187 | 12,198 | ||
| Cost of raising funds | |||
| Opening Stock Purchases |
9,645 7,844 |
5,878 9,509 |
|
| Closing Stock | (9,830) | (9,645) | |
| 7,659 | 5,742 | ||
| 4 | Income from Investments | ||
| 2023f | 2022f | ||
| Investment income |
7,998 | 5,865 | |
| Bank deposit interest | 1,011 | 26 | |
| 9,009 | 5,891 |
| Charitable activities |
|||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | ||
| Funds 6 |
Funds f |
Funds | 2023 f |
2022 6 |
|
| Exhibit Display Materials | 2,372 | 2,372 | 953 | ||
| Exhibit & Event Insurance | 2,361 | 2,361 | 2,358 | ||
| Archives, Exhibits, Storage |
|||||
| &Conservation | 72 | 72 | 889 | ||
| Volunteers Expanses & Training |
672 | 672 | 796 | ||
| Staff and Trustee Expenses | 337 | 337 | 117 | ||
| Staff Training | 568 | 568 | 428 | ||
| Education | 974 | 974 | 1,062 | ||
| Events | 2,031 | 2,031 | 555 | ||
| Salanes & National Insurance |
52,989 | 22,751 | 75,740 | 70,769 | |
| Accounting and HR Services |
3,356 | 3,356 | 656 | ||
| Printing, postage &stationery Journals 8 Subscriptions |
1,129 849 |
1,129 849 |
977 654 |
||
| Advertising 8, Publicity |
414 | 414 | 315 | ||
| Depreciation | 2,681 | 2,681 | 3,022 | ||
| Exterior works | |||||
| General Maintenance |
1,214 | 1,214 | 3,862 | ||
| ITcosts | 325 | 1,625 | 1,950 | 159 | |
| Till rental &expenses |
1,897 | 1,897 | 1,444 | ||
| Website design &maintenance Legal fees |
457 | 457 | 295 750 |
||
| Bank charges | 148 | 148 | 27 | ||
| Sundry expenses | 1,461 | 1,461 | 1,175 | ||
| 76,307 | 24,376 | 100,683 | 91,263 |
| Staff C | osts and | Nu | mbers | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2023f | 2022 F |
||||||||
| Salaries | 73,406 | 68,338 | |||||||
| National | Insurance | 1,092 | 1,308 | ||||||
| Defined | contribution | pension | contributions | 1,242 | 1,123 | ||||
| Total | 75,740 | 70,769 | |||||||
| Average | Number | of | full time | equivalent | employees | furthering | the charities objects | 3 |
| Tangible Fixed Assets |
||||
|---|---|---|---|---|
| Computer | Fixtures 8 | |||
| Equipment 6 |
Portacabin f |
Fittings 6 |
Total 6 |
|
| Cost | ||||
| At 1 April 2022 | 10,732 | 29,520 | 34,459 | 74,711 |
| Additions | 1,585 | 1,585 | ||
| At 31 March 2023 | 12,317 | 29,520 | 34,459 | 76,296 |
| Depreciation | ||||
| At 1 April 2022 | 9,259 | 22,519 | 33,344 | 65,122 |
| Charge for Year | 764 | 1,750 | 167 | 2,681 |
| At 31 March 2023 | 10,023 | 24,269 | 33,511 | 67,803 |
| Net Book Value | ||||
| At 31 March 2023 | 2,294 | 5,251 | 948 | 8,493 |
| At 31 March 2022 | 1,473 | 7,001 | 1,115 | 9,589 |
| Unrealised | |||||
|---|---|---|---|---|---|
| 01-Apr-22f | Additions | gain 6 |
31-Mar-23f | ||
| Janus Henderson | Global Equity | ||||
| Income Fund | 65,870 | 8,200 | 2,152 | 76,222 | |
| CT UK Equity Income Fund— | |||||
| Class L | 51,737 | 8,200 | 816 | 60,753 | |
| CT UK Equity Income Fund- Class 1 |
33,795 | 522 | 34,317 | ||
| Fidelity Enhanced | Income Fund | 44,312 | 13100 | 1 126 | 56286 |
| Total Funds | 195,714 | 29 500 | 2 364 | 227,578 | |
| Cash | 5,310 | 252 | |||
| Total | 201 024 | 227 830 | |||
| Cash at Bank and | On Deposit | 2023f | 2022f | ||
| Deposit Accounts | 192,361 | 196,291 | |||
| Current Accounts | 16,145 | 12,875 | |||
| Cash in Hand |
1,416 | 310 | |||
| 209,922 | 209,477 |
| Debtors | &Creditors | 2023 | 2022f | ||||
|---|---|---|---|---|---|---|---|
| Debtors | |||||||
| Tax repayable on Gift Aid |
736 | 492 | |||||
| VAT recoverable | 503 | ||||||
| Other | 2,330 | 1,565 | |||||
| 3,569 | 2,057 | ||||||
| Creditors | |||||||
| Funds held as Custodian | Trustee | 27,733 | 36,939 | ||||
| Creditors | and Accruals | 3,761 | 5,527 | ||||
| VAT | 5,700 | ||||||
| 31,494 | 48,166 | ||||||
| Funds held as Custodian | Trustee | ||||||
| Balance at | Balance | 31 | |||||
| April 2022 | Income f |
Expenditure f |
Transfer f |
March 2023 f |
|||
| Veteran's | Hub | 36939 | 3,279 | 12,485 | 27 | 733 | |
| Total | 36,939 | 3,279 | 12,485 | 27 | 733 |
| The assets | and liabilities ofthe charity are represented | and liabilities ofthe charity are represented | by the funds as detailed b |
elow |
|---|---|---|---|---|
| Unrestricted | Funds | 2023 6 |
2022f | |
| Fixed Assets | 268,423 | 242,713 | ||
| Net Current | Assets | 172,858 | 154,371 | |
| Total Unrestricted | Funds | 441,281 | 397,084 | |
| Designated | Funds | —Net Current Assets | 15,432 | 15,432 |
| Restricted Finds —Net Current Assets |
3,210 | |||
| Total | 456,713 | 415,726 |
| 1 April | Incoming | Expended | 31 INarch | ||||
|---|---|---|---|---|---|---|---|
| 2022 f |
Resources | Resources | 2023f | ||||
| Ministry of Defence Grant | 22,751 | (22,751) | |||||
| AMDT | ~321 | ~3210 | |||||
| Total | 3,210 | 22,751 | 30,441 | ||||
| ted | Funds - 2022 | ||||||
| 1 April | Incoming | Expended | 31 March | ||||
| 2021 | Resourcesf | Resources 6 |
2022f | ||||
| Ministry of | Defence Grant | 22,304 | (22,304) | ||||
| AMDT | 3,210 | 3,210 | |||||
| Independent | Museums | 300 | (300) | ||||
| Total | 25,814 | (22,604) | 3,210 |