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2022-03-31-accounts

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes F F F
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 10,738 186,364 197,102 361,113
Charitable
activities
Education
ofthe public		 in history and military
accomplishments 143,298 143,298 433
Other trading
activities		 9,996 9,996 494
Investment
income		 92 3,002 3,094 3,652
Other income 67,746
Total 164,124 189,366 353,490 433,438
EXPENDITURE ON
Raising funds 18,185 18,185 2,188
Charitable
activities
Education
ofthe public		 in history and military
accomplishments 116,744 178,056 294,800 305,474
Total 134,929 178,056 312,985 307,662
Net gains on investments 6,244 6,244 17,731
NET INCOME 35,439 11,310 46,749 143,507
Transfers
between		 funds 24 ~91,690) 91,690
Net movement
in funds		 (56,251) 103,000 46,749 143,507
RECONCILIATION
OF		 FUNDS
Total funds brought forward 568,671 36,666 605,337 461,830
TOTAL FUNDS CARRIED FORWARD 512,420 139,666 652,086 605,337

2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
Notes E 6 6 6
FIXED ASSETS
Intangible
assets		 16 3,060 3,060 200
Tangible assets 17 714,291 714,291 733,829
Investments 18 107,699 107,699 99,250
717,351 107.699 825,050 833,279
CURRENT ASSETS
Stocks 19 3,763 3,763 4,411
Debtors 20 37,018 1,297 38,315 6,043
Cash at bank and in hand 299,251 30,670 329,921 319,566
340,032 31,967 371,999 330,020
CREDITORS
Amounts
falling due within one year		 21 (27,023) (27,023) (32,772)
NET CURRENT ASSETS 313,009 31,967 344,976 297,248
TOTAL ASSETS LESSCURRENT LIABILITIES 1,030,360 139,666 1,170,026 1,130,527
CREDITORS
Amounts
falling due after more than one year		 22 (517,940) (517,940) (525,190)
NET ASSETS 512,420 139.666 652.066 605,332
FUNDS 24
Unrestricted
funds		 512,420 566,671
Restricted funds 139,666 36,666
TOTAL FUNDS 652,086 605,337

DONATIONS
AND LEGACIES
2022 2021
F F
Donations 896 1,466
Legacies 1,000
Grants 195,206 359,647
197,102 361,113

2022 2021
E E
MOD Gia 22,626 22,745
Federation
ofMuseums		 and Art Galleries of Wales 30,000
Regiment ofthe Royal Welsh 3,200
WCVA: Third Sector Resilience Fund for Wales 56,250
Welsh Government
Cultural		 Recovery Fund —phase 1 145,000
Armed Forces Covenant Fund Trust - VE Day 75 Fund 19,993
Armed Forces Covenant Fund Trust- Veterans Film in Support ofVE Day 75 9,848
Fund
Coronavirus
Job Retention Scheme		 8,842 72,611
Welsh Government
Cultural		 Recovery Fund —phase 2 73,299
Welsh Government
Cultural		 Recovery Fund -phase 3 36,650
The Army Museums
Ogilby		 Trust: Remembering Operation Granby 5,000
Federation
of Museums		 and Art Galleries in Wales - Digitalising Campaign
Medals 4,000
National
Lottery Heritage		 Fund - 'Steps to Sustainability' Programme 9,997
Armed Forces Covenant Fund Trust —Memorial Garden 10,000
Armed Forces Covenant Fund Trust - Sustaining support core costs 23,750
Association of Independent Museums 300
The Federation
of Museums		 and Galleries in Wales 742
195,206 359,647
OTHER TRADING ACTIVITIES
2022 2021
F
Events - Museum
hire		 713
Royalties 6
Function
drinks		 70 .
Shop sales 3,222 494
Work placements
/ Graduate		 Internship 5,985
9,996 494
INVESTMENT INCOME
2022 2021
F F
Dividends
received		 3,002 3,373
Deposit account interest 92 279
3,094 3,652

RAISING FUNDS RAISING FUNDS
Other trading activities
2022 2021
F F
Purchases 1,758 362
Staff costs 5,559 1,390
Bad debts 125
Costs offunctions and events 10,596
Shop internet finance charges 244 277
Depreciation 28 34
18,185 2,188
CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 10) note 11) Totals
F F
Education ofthe public in history and
military accomplishments 229,646 65,154 294,800
DIRECT COSTS OF CHARITABLE ACTIVITIES
2022 2021
E f.
Museum
Director's		 remuneration etc 10,202
Staff costs 167,129 157,088
Rates and water 626 625
Insurance 11,329 7,268
Telephone 314 356
Postage and stationery 929 657
Advertising 400
Education
outreach		 work 191 42
Travel and subsistence 291 77
Website costs 214 1,102
Training
projects		 370 1,700
Repairs and renewals 3,277 3,666
Other direct project costs 5,225
Uniforms 53
IT machine
maintenance		 3,358 2,272
Depreciation 35,993 35,916
229,646 221,024
SUPPORT COSTS
Staff Other Governance
costs Finance costs costs Totals
F F E E P
Education
ofthe public in
history and military
accomplishments 27,980 8,870 13,748 14,556 65,154
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
E
Auditors'
remuneration		 3,600 3,000
Depreciation
-owned assets		 35,603 35,319
Website development
costs amortisation		 740 900
TRUSTEE'S REMUNERATION AND BENEFITS
2022 2021
E
Trustee's
salaries		 7,374
Trustee's
bonuses		 25,000
Trustee's
social security		 1,056
Trustee's
pensions
paid		 578
34,008

STAFF CO STS
2022 2021
F F
Wages and salaries 196,292 216,709
Social security costs 13,100 9,874
Pension 2.232 2,787
211,624 229,370
The average monthly number ofemployees during the year was as follows:
2022 2021
Management and administration 2 3
Museum operation 10 10
12 13

15. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
F F E
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 130,327 230,786 361,113
Charitable
activities
Education ofthe public in history and military
accomplishments 433 433
Other trading
activities		 494 494
Investment
income		 3,652 3,652
Other income 67,746 67,746
Total 202,652 230,786 433,438
EXPENDITURE ON
Raising funds 2,188 2,188
Charitable
activities
Education ofthe public in history and military
accomplishments 109,157 196,317 305,474
Total 111,345 196,317 307,662
Net gains on investments 17,731 17,731
NET INCOME 109,038 34,469 143,507
RECONCILIATION OF FUNDS
Total funds brought forward 459,633 2,197 461,830
TOTAL FUNDS CARRIED FORWARD 568,671 36,666 605,337
16. INTANGIBLE FIXED ASSETS
Website
development
costs
COST
At 1 April 2021 10,100
Additions 3,600
At 31 March 2022 13,700
AMORTISATION
At 1 April 2021 9,900
Charge for year 740
At 31 March 2022 10,640
NET BOOK VALUE
At 31 March 2022 3,060
At 31 March 2021 200

TANGIBLE FIXEDASSE TS
Long Fixtures
leasehold Display and
improvements items fittings
F		 Equipment
F		 Totals
f
COST
At 1 April 2021 1,037,888 23,555 112,545 24,718 1,198,706
Additions 15,337 104 625 16,066
At 31 March 2022 1,037,888 38,892 112,649 25,343 1,214,772
DEPRECIATION
At 1 April 2021 369,723 21,820 53,233 20,102 464,878
Charge for year 23,423 2,287 7,876 2,017 35,603
At 31 March 2022 393,146 24,107 61,109 22,119 500,481
NET BOOK VALUE
At 31 March 2022 644,742 14,785 51,540 3,224 714,291
At 31 March 2021 668,165 1,735 59,312 4,616 733,828

FIXEDASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 1 April 2021 99,250
Additions 2,205
Revaluations 6,244
At 31 March 2022 107,699
NET BOOK VALUE
At 31 March 2022 107,699
At 31 March 2021 99,250

19. STOCKS
2022 2021
F F
Stocks 3,763 4,411
20. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
F
Trade debtors 23,546 225
Other debtors 834 880
VAT 1,410
Prepayments and accrued income 13,935 3,528
38,315 6,043
21. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
E f
Other loans (see note 23) 7,250 25,880
Trade creditors 10,979 1,498
Social security and other taxes 4,124
Other creditors 31 1,904
Accruals and deferred income 4,639 3,490
27,023 32,772
22. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
F f
Other loans (see note 23) 517,940 525,190
23. LOANS
An analysis ofthe maturity of loans is given below:
2022 2021
F E
Amounts falling due within one year on demand:
Loans 7,250 25,880
Amounts falling between one and two years:
Loans 7,370 7,250
Amounts falling due between two and five years:
Loans 22,856 22,482
Amounts falling due in more than five years:
Repayable by instalments:
Loans 487,714 495,458

MOVEMENT
IN FUNDS
Net Transfers
movement between
'		 At
At 1/4/21 in funds funds 31/3/22
E E E
Unrestricted
funds
General
fund		 568,671 35,439 ~91,690) 512,420
Total unrestricted
funds		 568,671 35,439 ~91.690 512,420
Restricted funds
Daffodil Education
fund		 2,197 2,197
Welsh Government
Cultural		 Recovery Fund 7,961 (7,961)
Armed Forces Covenant Fund Trust - VE
Day 75 Event 19,993 (11,252) 8,741
Armed Forces Covenant Fund Trust-
Veterans
Film Supporting		 VE Day 6,515 (311) (6,204)
Remembering
Operation		 Granby 3,600 (3,600)
Digitising
Campaign
Medals		 4,000 (4,000)
Steps to Sustainability
Programme		 7,497 7,497
Memorial
Garden fund		 9,235 9,235
Sustaining
support costs		 3,500 3,500
Provisioning
new premises		 3,002 105,494 108,496
Total restricted
funds		 36,666 11,310 91,690 139,666
TOTAL FUNDS 605,337 46,749 652,086
Net movement
in funds, included		 in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
F F
Unrestricted
funds
General
fund		 164,124 (134,929) 6,244 35,439
Restricted funds
Grant
in aid (Gia) Allowance		 22,626 (22,626)
Welsh Government
Cultural		 Recovery Fund 109,949 (117,910) (7,961)
Armed Forces Covenant Fund Trust - VE
Day 75 Event (11,252) (11,252)
Armed Forces Covenant Fund Trust-
Veterans
Film Supporting		 VE Day (311) (311)
Remembering
Operation		 Granby 5,000 (1,400) 3,600
Digitising
Campaign
Medals		 4,000 4,000
Steps to Sustainability
Programme		 9,997 (2,500) 7,497
Memorial
Garden fund		 10,000 (765) 9,235
Sustaining
support costs		 23,750 (20,250) 3,500
Curator's
course and training		 1,042 (1,042)
Provisioning
new premises		 3,002 3,002
189,366 )128,005586) 11,310
TOTAL FUNDS 353,490 ~312,985) 6,244 46,749

MOVEMENT
IN FU		 NDS - cont NDS - cont NDS - cont NDS - cont inued inued
Comparatives
for		 movement in funds
Net
movement At
At 1/4/20 in funds 31/3/21
Unrestricted
funds
General fund 459,633 109,038 568,671
Total unrestricted funds 459,633 109,038 568,671
Restricted funds
Daffodil Education
fund		 2,197 2,197
Welsh Government Cultural Recovery Fund 7,961 7,961
Armed Forces Covenant Fund Trust - VE
Day 75 Event 19,993 19,993
Armed Forces Covenant Fund Trust-
Veterans
Film Supporting		 VE Day 6,515 6,515
Total restricted
funds		 2,197 34,469 36,666
TOTAL FUNDS 461,830 143,507 605,337
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources
F		 expended
F		 losses
F		 in funds
f
Unrestricted
funds
General
fund		 202,652 (111,345) 17,731 109,038
Restricted funds
Grant
in aid (Gia) Allowance		 22,745 (22,745)
Wages fund 3,200 (3,200)
Federation
ofMuseums		 and Art Galleries of
Wales 30,000 (30,000)
Welsh Government Cultural Recovery Fund 145,000 (137,039) 7,961
Armed Forces Covenant Fund Trust - VE
Day 75 Event 19,993 19,993
Armed Forces Covenant Fund Trust-
Veterans
Film Supporting		 VE Day 9,848 ~3,333) 6,515
230,786 ~166,317 34,469
TOTAL FUNDS 433,438 )307,662) 17,731 143,507

Name of related party Relationship Relationship
1st The Queen's Dragoon Guards Heritage Trust Trustees in common
The Royal Welsh Regimental Museum Trust Trustees in common
Name of related party Transaction 2022
F		 2021f
1stThe Queen's Dragoon Guards Heritage Trust Loan interest payable 4,435 4,600
The Royal Welsh Regimental Museum Trust Loan interest payable 4,435 4,600
Grant income received 3,200
Amounts
outstanding
at the		 year end are as follows:
Name of related party Nature ofbalance 2022 2021f
1stThe Queen's Dragoon Guards Heritage Trust Loan creditor 262,595 266,160
The Royal Welsh Regimental Museum Trust Loan creditor 262,595 266,160

2022 2021
F F
Financial assets
Financial assets measured at fair value through SOFA 107,699 99,250
Financial assets that are debt instruments measured at amortised cost 354,301 320,591
462,000 419,841
Financial liabilities
Financial liabilities measured at amortised cost 540,839 557,962