##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||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|