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|||||Page|
|---|---|---|---|---|
|Annual|Report|||1-7|
|Independent||Examiner's|Report||
|Statement||of Financial|Activities||
|Balance|Sheet|||10|
|Notes||||11-17|
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|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||||
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|||||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|
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|||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|
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|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|
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|---|---|---|---|
|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|
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|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|
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|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||
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|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|
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|||||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|
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|||||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||