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##
|||||Page|
|---|---|---|---|---|
|Legal and administrative||information|||
|Trustees' report||||2-10|
|Independent|auditors'|report||11-14|
|Consolidated|statement|offinancial|activities|15|
|Consolidated|balance sheet|||16|
|Charity balance sheet||||17|
|Consolidated|statement|ofcash flows||18|
|Notes to the|financial statements|||19-37|
##
##
|Trustees||||Lt Gen Sir Andrew|Ridgway,|Ridgway,|KBECB DL||
|---|---|---|---|---|---|---|---|---|
|||||Mr William
Bannister|||||
|||||Mr Steve Rowbotham|||||
|||||Mr David Webb|||||
|||||Mr William Suttie|||||
|||||Ms Kate Adie, OBE||DL|||
|||||Mr Anthony
Woodhouse|||||
|||||Mr Alexander
Walters|||||
|||||Mr Oliver Barnham|||||
|||||Col Crispin Lockhart||MBE ADC (resigned 19.05.22)|||
|||||BrigJonathan
Swift||OBE (resigned 19.05.22)|||
|||||Col Jason Williams|||||
|||||Mrs Yun Sun Choi|||||
|||||Ms Andrea
Bishop|||||
|||||Col Nicholas Serle (appointed|||19.05.22)||
|||||Col Patrick Williams||MC ADC|(appointed 19.05.22)||
|Secretary||||Paul Dolan|||||
|Company|registered||number|04962619|||||
|Charity Commission|||||||||
|registration||number||1102661|||||
|Registered||oNce||Bovington
Camp|||||
|||||Wareham|||||
|||||Dorset|||||
|||||BH20 6JG|||||
|Museum|Director|||Richard Smith OBE|||||
|Auditors||||Saffery Champness||LLP|||
|||||Chartered
Accountants|||||
|||||Midland
House|||||
|||||2 Poole Road|||||
|||||Bournemouth|||||
|||||BH2 SQY|||||
|Investment||advisers||Investec Wealth and|||Bankers|Barelays|
|||||Investment||||Tagus House|
|||||30Gresham Street||||Southampton|
|||||London||||Hampshire|
|||||EC2V 7QN||||50142ZP|
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|||||Restricted|Endowment|Unrestricted|Total funds|Total funds|
|---|---|---|---|---|---|---|---|---|
|||||Funds|Funds 2022|Funds|2022|2021|
|||||2022||2022|||
||||Note|E||E|||
|Income from:|||||||||
|Donations,
legacies
grants||and||619,620||1,532,815|2,152,435|2,315,867|
|Other trading
activities||||||3,188,194|3,188,194|2,736,415|
|Investments||||||37,507|37,507|4,804|
|Charitable
activities||||||2,710,519|2,710,519|2,182,246|
|Total income||||619,620||7,469,035|8,088,655|7,239,332|
|Expenditure
on:|||||||||
|Raising funds||||||3,241,256|3,241,256|2,471,348|
|Charitable
activities||||677,170||3,613,299|4,290,469|3,667,062|
|Total expenditure||||677,170||6,854,555|7,531,725|6,138,410|
|Net
income
investment
gains|before|||(57,550)||614,479|556,929|1,100,922|
|Net
(loss)/gain
investments||on|||(175,379)|(484,021)|(659,400)|653,910|
|Net (expenditure)
/income before transfers||||(57,550)|(175,379)|130,458|(102,471)|1,754,832|
|Transfers between|funds|||(20,471)||20,471|||
|Net movement
in funds||||(78,021)|(175,379)|150,929|(102,471)|1,754,832|
|Reconciliation
offunds:|||||||||
|Total funds
at 1 January||||11,318,597|1,475,617|14,927,280|27,721,494|25,966,662|
|2022|||||||||
|Total funds at31|||17|11,240,576|1,300,238|15,078,209|27,619,023|27,721,494|
|December 2022|||||||||
##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||f||E|
|Fixed assets|||||||
|Tangible assets||||17,684,360||18,014,632|
|Investments||12||5,423,209||6,069,510|
|||||23,107,569||24,084,142|
|Current assets|||||||
|Stocks||14|451,255||466,456||
|Debtors||15|454,947||365,277||
|Current asset investments||12|1,077,930||1,164,220||
|Cash at bank and in hand|||3,166,180||2,349,283||
||||5,150,312||4,345,236||
|Creditors:|||||||
|Amounts
falling due within one year||16|(638,858)||(707,884)||
|Net current|assets|||4,511,454||3,637,352|
|Total assets|less current liabilities|||27,619,023||27,721,494|
|Represented|by:||||||
|Designated|funds|17||10,163,646||10,496,528|
|Restricted funds||17||11,240,576||11,318,597|
|Endowment|funds|17||1,300,238||1,475,617|
|Unrestricted|funds|17||4,914,563||4,430,752|
|Total funds||||27,619,023||27,721,494|
##
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##
|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note||f||f|
|Fixed assets|||||||
|Tangible assets||||17,684,360||18,014,632|
|Investments||12||5,423,211||6,069,512|
|||||23,107,571||24,084,144|
|Current assets|||||||
|Stocks||14|||||
|Debtors||15|703,870||541,163||
|Current asset investments||12|1,077,930||1,164,220||
|Cash at bank and in hand|||2,671,502||1,954,753||
||||4,453,302||3,660,136||
|Creditors:|||||||
|Amounts
falling due within one year||16|(426,188)||(491,031)||
|Net current|assets|||4,027,114||3,169,105|
|Total assets|less current liabilities|||27,134,685||27,253,249|
|Represented|by:||||||
|Designated|funds|17||10,163,646||10,496,528|
|Restricted funds||17||11,240,576||11,318,597|
|Endowment|funds|17||1,300,238||1,475,617|
|Unrestricted|funds|17||4,430,225||3,962,507|
|Total funds||||27,134,685||27,253,249|
##
##
||||||Note|2022f|2021
f|
|---|---|---|---|---|---|---|---|
|Net cash|provided
by operating
activities||||19|1,123,787|2,150,511|
|Cash flows from investing||activities||||||
|Dividends,|interest and rents from investments|||||37,507|4,804|
|Purchase|of property,
plant|and equipment||||(417,587)|(651,080)|
|Disposal ofinvestments||||||73,190||
|Purchase|of investments||||||(801,870)|
|Net cash|used in investing|activities||||(306,890)|(1,448,146)|
|Cash flows from financing||activities||||||
|Repayments
ofborrowlngs||||||||
|Net cash|used in financing|activities||||||
|Change|in cash and cash|equivalents||in the||816,897|702,365|
|reporting|period|||||||
|Cash and|cash equivalents|brought|forward|||2,349,283|1,646,918|
|Cash and|cash equivalents|carried|forward||20|3,166,180|2,349,283|
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|||Restricted|Restricted|Unrestricted|Total funds|Restricted|Unrestricted|Total funds|
|---|---|---|---|---|---|---|---|---|
|||funds 2022
f||funds 2022f|2022
f|funds 2021
f|funds 2021f|2021
f|
|Donations||333,265||279,743|613,008|25,561|315,978|341,539|
|Legacies|||||||2,556|2,556|
|Grants||286,355||315,414|601,769|568,601|593,124|1,161,725|
|Gifts in kind||||937,658|937,658||810,047|801,047|
|Total||619,620||1,532,815|2,152,435|594,162|1,721,705|2,315,867|
|ading activities|||||||||
|||||||Total funds||Total funds|
||||||||2022|2021|
||||||||f|f|
|Charity trading||income|||||||
|Turnover|||||||3,188,194|2,736,415|
||||||||3,188,194|2,736,415|
|Fundraising|trading expenses||||||||
|Cost ofsales|||||||1,693,570|1,458,412|
|Administrative||expenses|||||365,011|164,072|
|Salaries and|overheads||||||646,702|646,702|
||||||||2,705,283|2,269,186|
|Net income|from trading||activities||||482,911|467,229|
##
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##
##
##
|Total|funds|Total|funds|
|---|---|---|---|
||2022||2021|
||f||f|
||37,507||4,804|
##
|Primary|purpose|trade|
|---|---|---|
|Ancillary|trade||
|Total funds|Total funds|
|---|---|
|2022|2021|
|f|E|
|2,521,656|2,026,566|
|188,863|155,680|
|2,710,519|2,182,246|
##
##
##
##
|Current year|Current year||Staffcosts|Other direct|Support costs|Governance|Total 2022|
|---|---|---|---|---|---|---|---|
||||(Note 10)|costs|(Note 7)|costs||
|Expenditure||on raising funds||||||
|Fundraising||||16,776|29,068||45,844|
|Publicity and||advertising||205,018|||205,018|
|Fundraising|trading||805,383|2,148,681|||2,954,064|
||||805,383|2,370,475|29,068||3,204,926|
|Investment|costs|||||||
|Generation||ofincome||36,330|||36,330|
|Expenditure||on charitable||||||
|activities||||||||
|Primary purpose trade|||62,070|1,162,816|2,084,840|43,085|3,352,811|
|Intangible|expenditure|||937,658|||937,658|
||||62,070|2,100,474|2,084,840|43,085|4,290,469|
|Governance||||14,017|29,068|(43,085)||
||||867,453|4,521,296|2,142,976||7,531,725|
|Support staff costs|||1,747,308||(1,747,308)|||
||||2,614,760||395,668|||
##
##
##
|Prior Year|Prior Year|Staff costs|Other direct|Support costs|Governance|Total 2021|
|---|---|---|---|---|---|---|
|||(Note 10)|costs|(Note 7)|costs||
|Expenditure
on raising funds|||||||
||Fundraising||19,785|23,106||42,891|
||Publicity and advertising||115,724|||115,724|
||Fundraising
trading|696,879|1,572,307|||2,269,186|
|||696,879|1,707,816|23,106||2,427,801|
||Investment
costs||||||
||Generation
ofincome||43,547|||43,547|
||Expenditure
on charitable||||||
|activities|||||||
||Primary purpose trade|61,303|1,124,266|1,634,988|36,458|2,857,015|
||Intangible
expenditure||810,047|||810,047|
|||61,303|1,934,313|1,634,988|36,458|3,667,062|
||Governance||13,352|23,106|(36,458)||
|||758,182|3,699,028|1,681,200||6,138,410|
||Support staff costs|1,282,775||(1,282,775)|||
|||2,040,957||398,425|||
|7|Support costs||||||
||Current year|Costs ofgenerating||Governance|Primary purpose|Total 2022|
|||voluntary|income||||
||||f|f|f|f|
||Staff related costs||1,044|1,044|102,341|104,429|
||Other costs||3,441|3,441|284,356|291,238|
||Wages and salaries||21,575|21,575|1,403,342|1,446,492|
||National
insurance||1,967|1,967|192,768|196,702|
||Pension cost||1,041|1,041|102,032|104,115|
||||29,068|29,068|2,084,839|2,142,976|
##
|Prior Year||Costs|ofgenerating|ofgenerating|ofgenerating|Governance|Primary purpose|Total 2021|
|---|---|---|---|---|---|---|---|---|
|||voluntary||income|||||
||||||f|f|E|f|
|Staff related costs|||||651|651|63,777|65,079|
|Other costs|||||3,340|3,340|280,694|287,374|
|Wages and salaries||||17,048||17,048|1,087,919|1,122,015|
|National
insurance|||||1,445|1,445|141,640|144,530|
|Pension cost|||||622|622|60,958|62,202|
|||||23,106||23,106|1,634,988|1,681,200|
|e support costs|allocation|has been based|||on employee|numbers.|||
|rnover|||||||||
|turnover
arose in the United|||Kingdom.||||||
|t incoming resources|||||||||
|This is stated|after charging:||||||||
||||||||2022|2021|
||||||||f|f|
|Depreciation|oftangible|fixed|assets:||||||
|-owned|by the charitable||group||||862,224|747,731|
|Auditor's
remuneration||—audit|||||19,800|17,350|
|||—non|audit|services|||1,350|1,200|
##
##
|Staff costs were as follows:|2022f|2021
f|
|---|---|---|
|Wages and salaries|2,301,345|1,826,588|
|Social security costs|205,131|150,444|
|Other pension costs|108,284|63,925|
||2,614,760|2,040,957|
##
||||2022|2021|
|---|---|---|---|---|
||||Number|Number|
|Museum|staff||92|78|
|Administration||staff|1|1|
||||93|79|
##
##
##
|||Assets in||Furniture||
|---|---|---|---|---|---|
|||the course of||fittings &||
||Buildings|construction|Displays|equipment|Total|
|Group|f|f|f|f|E|
|Cost||||||
|1January 2022|21,380,010|10,773|3,192,437|3,263,734|27,846,954|
|Additions|79,166|295,140|9,599|150,134|534,038|
|Disposals|(2,087)||(65,007)||(67,094)|
|Transfers||||||
|31December 2022|21,457,089|305,913|3,137,029|3,413,868|28,313,899|
|Depreciation||||||
|1January 2022|5,429,127||2,781,698|1,621,497|9,832,322|
|Charge for the year|566,994||154,714|140,516|862,224|
|On disposals|||(65,007)||(65,007)|
|31December 2022|5,996,121||2,871,405|1,762,013|10,629,539|
|Net book value||||||
|31December 2022|15,460,968|305,913|265,624|1,651,855|17,684,360|
|31December 2021|15,950,883|10,773|410,739|1,642,237|18,014,632|
##
##
##
||||Total 2022|Total 2021|
|---|---|---|---|---|
||||Number|Number|
|Documents|&60%completed||62,455|60,650|
|Journals|||2,628|2,596|
|Maps/technical||drawings|4,296|4,173|
|Photographs||and images|263,000|263,000|
|Total|||332,379|330,419|
##
|Catalogued
heritage assets|||||||
|---|---|---|---|---|---|---|
||2022|Net|2021|2020|2019|2018|
|||movement|||||
||Number|Number|Number|Number|Number|Number|
|Vehicles, trailers, turrets etc.|408|24|384|378|378|373|
|Audio visual|5,390|319|5,071|4,960|4,707|4,185|
|Books|10,934|137|10,797|10,292|10,276|10,007|
|Equipment|5,295|45|5,250|5,068|4,971|4,851|
|Art/sliver|863|6|857|830|926|827|
|Flags|482|5|477|460|460|453|
|Medals|3,797|84|3,713|3,192|3,175|3,046|
|Memorabilia|3,277|45|3232|2,979|2,966|2,838|
|Models|1,059|(53)|1,112|1,046|1,044|1,045|
|Uniforms|7,398|(451)|7,849|7,077|7,046|6,711|
|Weapons|1,052|(107)|1,159|955|949|936|
|Total|39,955|94|39,901|37,237|38,898|35,272|
##
##
##
##
|||Listed|
|---|---|---|
|||Securities|
|Group and|Charity|f|
|Market value|||
|At 1January|2022|7,233,730|
|Additions|||
|Disposals||(73,190)|
|(Loss)/gain|on investments|(659,400)|
|At 31December 2022||6,501,140|
##
|Name ofundertaking|Name ofundertaking|Registered|office|Class ofshare held|%Held|Assets|Liabilities|
|---|---|---|---|---|---|---|---|
|The Tank|Museum
Trading|Bovington|Camp,|Ordinary|100.00|1,008,631|524,291|
|Company|Limited|Wareham,|Dorset,|||||
|(registered|no. 02236998)|BH20 6JG||||||
##
##
##
|14|Stocks||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Group||Charity|
||||||||2022|2021|2022|2021|
||||||||f|f|f|f|
||Finished|goods||and goods for resale|||451,255|466,456|||
|15|Debtors||||||||||
|||||||||Group||Charity|
||||||||2022f|2021
f|2022
f|2021
f|
||Trade debtors||||||37,725|37,402|16,279|16,273|
||Amounts|due|from||subsidiary||||311,595|217,123|
||Other debtors||||||12,753|2,208|12,779|1,710|
||Prepayments||and||accrued income||404,469|325,667|363,217|306,057|
||||||||454,947|365,277|703,870|541,163|
|16|Creditors:|Amounts|||falling due within one year||||||
|||||||||Group||Charity|
||||||||2022
f|2021
f|2022f|2021
f|
||Trade creditors||||||219,832|234,965|87,577|101,514|
||Other taxation|||and social security|||53,705|78,171|53,705|76,321|
||Other creditors||||||56,409|24,507|52,816|22,379|
||Accruals|and deferred||||income|308,912|370,241|232,090|290,817|
||||||||638,858|707,884|424,188|491,031|
##
##
##
##
##
|Movement of|funds for the y|ear|||||
|---|---|---|---|---|---|---|
||At|Incoming|Resources|Transfers|Gains/(losses)|At 31|
|Current year|1January|resources|expended|in/(out)|on|December|
||2022||||investments|2022|
|Designated|||||||
|funds|||||||
|Fixed assets|4,740,771||(138,861)|||4,601,910|
|Vehicle|||(20,471)|20,471|||
|restoration|||||||
|Vehicle store|1,000,000|||||1,000,000|
|2054fund|3,591,537|||290,000|(397,731)|3,483,806|
|General|||||||
|resource|1,164,220||||(86,290)|1,077,930|
||10,496,528||(159,332)|310,471|(484,021)|10,163,646|
|General funds|||||||
|Reserves|4,430,752|7,469,035|(6,695,223)|(290,000)||4,914,563|
|Total unrestricted|||||||
|funds|14,927,280|7,469,035|(6,854,555)|20,471|(484,021)|15,078,209|
|Restricted funds|||||||
|Buildings|10,567,793|101,285|(337,112)|||10,331,966|
|Exhibitions|638,417|336,465|(186,721)|||788,161|
|Revenue|112,387|181,870|(153,337)|(20,471)||120,449|
||11,318,597|619,620|(677,170)|(20,471)||11,240,576|
|Endowment|||||||
|funds|1,475,617||||(175,379)|1,300,238|
|Total funds|27,721,494|8,088,655|(7,531,725)||(659,400)|27,619,023|
##
|17 Statement offunds (continued)|17 Statement offunds (continued)||||||
|---|---|---|---|---|---|---|
||At|Incoming|Resources|Transfers|Gains|At 31|
|Prior Year|1January|resources|expended|in/(out)||December|
||2021|||||2021|
||f|||||f|
|Designated|||||||
|funds|||||||
|Fixed assets|4,881,187||(140,416)|||4,740,771|
|Vehicle|||||||
|restoration|14,820||(24,027)|9,207|||
|Vehicle store||||1,000,000||1,000,000|
|2054fund|2,997,556|||200,000|393,981|3,591,537|
|General|||||||
|resource|1,081,207||||83,013|1,164,220|
||8,974,770||(164,443)|1,209,207|476,994|10,496,528|
|General funds|||||||
|Reserves|4,342,165|6,645,170|(5,356,583)|(1,200,000)||4,430,752|
|funds|13,316,935|6,645,170|(5,521,026)|9,207|476,994|14,927,280|
|Restricted funds|||||||
|Buildings|10,429,833|243,757|(426,511)|320,714||10,567,793|
|Exhibitions|810,514|277,402|(126,385)|(323,114)||638,417|
|Revenue|110,679|73,003|(64,488)|(6,807)||112,387|
||11,351,026|594,162|(617,384)|(9,207)||11,318,597|
|Endowment|||||||
|funds|1,298,701||||176,916|1,475,617|
|Total funds|25,966,662|7,239,332|(6,138,410)||653,910|27,721,494|
##
##
##
##
##
##
|Fund balances at 31December 20|22 are represented|by:|||
|---|---|---|---|---|
||Restricted|Endowment|Unrestricted|Total funds|
||funds 2022|funds 2022|funds|2022|
||||2022||
||f||f|f|
|Tangible fixed assets|11,120,127||6,564,233|17,684,360|
|Fixed asset investments||1,300,238|4,122,972|5,423,210|
|Current asset investments|||1,077,930|1,077,930|
|Current assets|120,449||3,951,933|4,072,382|
|Creditors due within one year|||(638,859)|(638,859)|
|Total|11,240,576|1,300,238|15,078,209|27,617,023|
##
##
##
##
##
##
|Fund balances as a|t 3|1Decembe|r|2021are represen|2021are represen|ted
by:|||
|---|---|---|---|---|---|---|---|---|
|||||Restricted||Endowment|Unrestricted|Total funds|
|||||funds 2021||funds 2021|funds|2021|
||||||||2021||
||||||f||f|f|
|Tangible fixed assets||||11,100,542|||6,914,090|18,014,632|
|Fixed asset investments||||||1,475,617|4,593,893|6,069,510|
|Current asset investments|||||||1,164,220|1,164,220|
|Current assets||||218,055|||2,962,961|3,181,016|
|Creditors due within||one year|||||(707,884)|(707,884)|
|Total||||11,318,597||1,475,617|14,927,280|27,721,494|
|Reconciliation ofnet|movement||in|funds to net|cash|flow froin operating|activities||
||||||||2022|2021|
||||||||f|f|
|Net (expenditure)/|income for the year (as per||||Statement of Financial||(102,471)|1,754,832|
|Activities)|||||||||
|Adjustment
for:|||||||||
|Depreciation
charges|||||||862,224|747,731|
|Loss on disposal offixed assets|||||||2,087||
|Non-cash fixed asset||accrual|||||(116,452)||
|(Gains)/losses
on investments|||||||659,400|(653,910)|
|Dividends,
interest|and rents from investments||||||(37,507)|(4,804)|
|Increase/(decrease)||in stocks|||||15,201|(133,682)|
|Decrease in debtors|||||||(89,670)|230,187|
|Decrease/(increase)||in creditors|||||(69,026)|210,157|
|Net cash provided|by operating|||activities|||1,123,787|2,150,511|
|Analysis ofchanges|in|net debt|||||||
|Current year||||Balance|at||Other|Balance at|
|||||1January|||non-cash|31December|
|||||2022
f||Cash flowsf|changesf|2022
f|
|Cash in hand||||2,349,283||816,897||3,166,180|
|||||2,349,283||816,897||3,166,180|
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|20|Analysis|ofchanges|in net debt (continued)||||
|---|---|---|---|---|---|---|
||Prior|Year|Balance at||Other|Balance at|
||||1lanuary||non-cash|31December|
||||2021
f|Cash flows
f|changesf|2021f|
||Cash|in hand|1,646,918|702,365||2,349,283|
||||1,646,918|702,365||2,349,283|
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