| Visitors | |
|---|---|
| April 2022 | 7,197 |
| May 2022 | 5,927 |
| June 2022 | 6,532 |
| July 2022 | 7,223 |
| August 2022 | 9,721 |
| September 2022 | 4,213 |
| October 2022 | 7,144 |
| November 2022 | 4,443 |
| December 2022 | 4,447 |
| January 2023 | 2,092 |
| February 2023 | 5,341 |
| March 2023 | 4,854 |
| OBJECTIVES AND ACTIVITIES | ||
|---|---|---|
| Visitors | ||
| TOTAL VISITORS 2022/2023 | 69,134 | 22% increase |
| TOTAL VISITORS 2021/2022 | 56,663 | |
| TOTAL VISITORS 2020/2021 | 60 | |
| TOTAL VISITORS 2019/2020 | 117,405 | 5.2% decrease |
| TOTAL VISITORS 2018/2019 | 123,815 | 7.3% increase |
| TOTAL VISITORS 2017/2018 | 115,339 | 26.8% increase |
| TOTAL VISITORS 2016/2017 | 90,986 | 19.3% increase |
| TOTAL VISITORS 2015/2016 | 76,253 | 24.0% increase |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 3 | 830 | 63,427 | 64,257 | 197,102 |
| Charitable activities | 6 | ||||
| Educationofthe publicinhistory and military | |||||
| accomplishments | 248,865 | 248,865 | 143,298 | ||
| Other trading activities | 4 | 12,945 | 5,323 | 18,268 | 9,996 |
| Investment income | 5 | 1,207 | 3,670 | 4,877 | 3,094 |
| Total | 263,847 | 72,420 | 336,267 | 353,490 | |
| EXPENDITURE ON | |||||
| Raising funds | 7 | 76,950 | 76,950 | 18,185 | |
| Charitable activities | 8 | ||||
| Educationofthe publicinhistory and military | |||||
| accomplishments | 254,252 | 90,716 | 344,968 | 294,800 | |
| Total | 331,202 | 90,716 | 421,918 | 312,985 | |
| Net gains/(losses)oninvestments | (11,366) | (11,366) | 6,244 | ||
| NET INCOME/(EXPENDITURE) | (67,355) | (29,662) | (97,017) | 46,749 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 512,420 | 139,666 | 652,086 | 605,337 | |
| TOTAL FUNDS CARRIED FORWARD | 445,065 | 110,004 | 555,069 | 652,086 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Intangible assets Tangible assets Investments |
15 16 17 |
2,340 680,123 |
99,837 | 2,340 680,123 99,837 |
3,060 714,291 107,699 |
| 682,463 | 99,837 | 782,300 | 825,050 | ||
| CURRENT ASSETS | |||||
| Stocks Debtors Cash at bank andinhand |
18 19 |
3,749 23,502 265,524 |
1,264 12,225 |
3,749 24,766 277,749 |
3,763 38,315 329,921 |
| 292,775 | 13,489 | 306,264 | 371,999 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 20 | (19,602) | (3,322) | (22,924) | (27,023) |
| NET CURRENT ASSETS | 273,173 | 10,167 | 283,340 | 344,976 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 955,636 | 110,004 | 1,065,640 | 1,170,026 | |
| CREDITORS | |||||
| Amounts falling due after more than one year | 21 | (510,571) | (510,571) | (517,940) | |
| NET ASSETS | 445,065 | 110,004 | 555,069 | 652,086 | |
| FUNDS | 23 | ||||
| Unrestricted funds Restricted funds |
445,065 110,004 |
512,420 139,666 |
|||
| TOTALFU~DS | 555,069 | 652,086 |
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Donations | 830 | 896 |
| Legacies | 1,000 | |
| Grants | 63,427 | 195,206 |
| 64,257 | 197,102 |
| Grants received, includedinthe above, areasfollows: | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| MOD Gia | 23,079 | 22,626 |
| Coronavirus Job Retention Scheme | 8,842 | |
| 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 GalleriesinWales - Digitalising Campaign Medals | 4,000 | |
| National Lottery Heritage Fund - 'StepstoSustainability' Programme | 9,997 | |
| Armed Forces Covenant Fund Trust - Memorial Garden | 10,000 | |
| The Armed Forces Covenant Fund Trust - Sustaining support core costs | 26,250 | 23,750 |
| Association of Independent Museums | 300 | |
| The Federation of Museums and GalleriesinWales | 998 | 742 |
| National Manuscripts Conservation Trust | 600 | |
| Armed Forces Covenant Fund Trust via Adferiad | 12,500 | |
| 63.427 | 195,206 | |
| OTHER TRADING ACTIVITIES | ||
| 2023 | 2022 | |
| £ | £ | |
| Events - Museum hire | 5.492 | 713 |
| Royalties | 6 | 6 |
| Function drinks | 258 | 70 |
| Shop sales | 8,354 | 3,222 |
| Work placements / Graduate Internship | 4,158 | 5,985 |
| 18,268 | 9,996 | |
| = | ||
| INVESTMENT INCOME | ||
| 2023 | 2022 | |
| £ | £ | |
| •Dividends received | 3,670 | 3,002 |
| Deposit account interest | 1.207 | 92 |
| 4,877 | 3,094 |
| 6. | INCOME FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Gate receipts | 244,789 | 141,396 | ||
| Research | 200 | 147 | ||
| Education | 3,876 | 1,755 | ||
| 248,865 | 143,298 | |||
| 7. | RAISING FUNDS | |||
| Other trading activities | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Purchases | 4,117 | 1,758 | ||
| Staff costs | 6,280 | 5,559 | ||
| Costs of functions and events | 66,138 | 10,596 | ||
| Shop internet finance charges | 388 | 244 | ||
| Depreciation | 27 | 28 | ||
| 76,950 | 18,185 | |||
| 8. | CHARITABLE ACTIVITIES COSTS | |||
| Direct | Support | |||
| Costs (see | costs (see | |||
| note 9) | note 10) | Totals | ||
| £ | £ | £ | ||
| Educationofthe publicinhistory and military | ||||
| accomplishments | 271,517 | 73,451 | 344,968 |
| 9. | DIRECT COSTS OF CHARITABLE ACTIVITIES | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| £ | £ | |||||
| Staff costs | 189,640 | 167,129 | ||||
| Hire of plant and machinery | 4,320 | |||||
| Rates and water | 3,969 | 626 | ||||
| Insurance | 8,992 | 11,329 | ||||
| Telephone | 353 | 314 | ||||
| Postage and stationery | 2,704 | 929 | ||||
| Advertising | 624 | 400 | ||||
| Education outreach work | 519 | 191 | ||||
| Travel and subsistence | 182 | 291 | ||||
| Website costs | 226 | 214 | ||||
| Training projects | 370 | |||||
| Repairs and renewals | 4,102 | 3,277 | ||||
| Other direct project costs | 14,097 | 5,225 | ||||
| Uniforms | 1 | |||||
| Laundry | 40 | |||||
| IT machine maintenance | 4,727 | 3,358 | ||||
| Depreciation | 37,021 | 35,993 | ||||
| 271,517 | 229,646 | |||||
| 10. | SUPPORT COSTS | |||||
| Staff | Other | Governance | ||||
| costs | Finance | costs | costs | Totals | ||
| £ | £ | £ | £ | £ | ||
| Education of the publicin | ||||||
| history and military | ||||||
| accomplishments | ~ | ~ | 23,650 |
14,496 | ~ | |
| 11. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) is stated after charging/(crediting): | ||||||
| 2023 | 2022 | |||||
| £ | £ | |||||
| Auditors' remuneration | 3,600 | 3,600 | ||||
| Depreciation • owned assets | 36,652 | 35,603 | ||||
| Hire of plant and machinery | 4,320 | |||||
| Website development costs amortisation | 720 | 740 | ||||
| = | --- |
| 13. | STAFF COSTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 218,233 | 196,292 | ||
| Social security costs | 11,950 | 13,100 | ||
| Pension | 3,151 | 2,232 | ||
| 233,334 | 211,624 | |||
| The average monthly number of employees during the year wasasfollows: | ||||
| 2023 | 2022 | |||
| Management and administration | 2 | 2 | ||
| Museum operation | 10 | 10 | ||
| 12 | 12 | |||
| -- | ||||
| No employees received emolumentsinexcess of £60,000. | ||||
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 10,738 | 186,364 | 197,102 | |
| Charitable activities | ||||
| Education of the publicinhistory and military | ||||
| accomplishments | 143,298 | 143,298 | ||
| Other trading activities | 9,996 | 9,996 | ||
| Investment income | 92 | 3,002 | 3,094 | |
| Total | 164,124 | 189,366 | 353,490 | |
| EXPENDITUREON | ||||
| Raising funds | 18,185 | 18,185 | ||
| Charitable activities | ||||
| Education of the publicinhistory and military | ||||
| accomplishments | 116,744 | 178,056 | 294,800 |
| 14. | COMPARATIVES FOR THE STATEMENT OF FINANCIA | LACTIVITIES·continued | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| Total | 134,929 | 178,056 | 312,985 | |
| Net gains on investments | 6,244 | 6,244 | ||
| NET INCOME | 35,439 | 11,310 | 46,749 | |
| Transfers between funds | (91,690) | 91,690 | ||
| Net movementinfunds | (56,251) | 103,000 | 46,749 | |
| RE CO NCI LIA TION OF FUNDS | ||||
| Total funds brought forward | 568,671 | 36,666 | 605,337 | |
| TOTAL FUNDS CARRIED FORWARD | 512,420 | 139,666 | 652,086 | |
| 15. | INTANGIBLE FIXED ASSETS | |||
| Website | ||||
| development | ||||
| costs | ||||
| £ | ||||
| COST | ||||
| At1 April 2022 and31March 2023 | 13,700 | |||
| AMORTISATION | ||||
| At1 April 2022 | 10,640 | |||
| Charge for year | 720 | |||
| At31March 2023 | 11,360 | |||
| NET BOOK VALUE | ||||
| At31March 2023 | 2,340 | |||
| At31March 2022 | 3,060 |
| TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Long | Fixtures | ||||
| leasehold | Display | and | |||
| improvements | items | fittings | Equipment | Totals | |
| £ | £ | £ | £ | £ | |
| COST | |||||
| At1 April 2022 | 1,037,888 | 38,892 | 112,649 | 25,343 | 1,214,772 |
| Additions | 2,484 | 2,484 | |||
| At31March 2023 | 1,037,888 | 38,892 | 112,649 | 27,827 | 1,217,256 |
| DEPRECIATION | |||||
| At 1 April 2022 | 393,146 | 24,107 | 61,109 | 22,119 | 500,481 |
| Charge for year | 23,381 | 3,470 | 7,886 | 1,915 | 36,652 |
| At31March 2023 | 416,527 | 27,577 | 68,995 | 24,034 | 537,133 |
| NET BOOK VALUE | |||||
| At31March 2023 | 621,361 | 11,315 | 43,654 | 3,793 | 680,123 |
| At31March 2022 | 644,742 | 14,785 | 51,540 | 3,224 | 714,291 |
| FIXED ASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 April 2022 | 107,699 |
| Additions | 3,503 |
| Revaluations | (11,365) |
| At31March 2023 | 99,837 |
| NET BOOK VALUE | |
| At31March 2023 | 99,837 |
| At31March 2022 | 107,699 |
| 18. | STOCKS | ||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Stocks | 3,749 | 3,763 | |
| 19. | DEBTORS: AMOUNTS FALLINGDUEWITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Trade debtors | 16,202 | 23,546 | |
| Other debtors | 1,001 | 834 | |
| Prepayments and accrued income | 7,563 | 13,935 | |
| 24,766 | 38,315 | ||
| 20. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2023 | 2022 | ||
| £ | £ | ||
| Other loans (see note 22) | 7,370 | 7,250 | |
| Trade creditors | 1,877 | 10,979 | |
| Social security and other taxes | 4,130 | 4,124 | |
| Other creditors | 1,Q38 | 31 | |
| Accruals and deferred income | 8,509 | 4,639 | |
| 22,924 | 27,023 | ||
| = |
| 2023 | 2022 | ||
|---|---|---|---|
| £ | £ | ||
| Other loans (see note 22) | 510,571 | 517,940 | |
| 22. | LOANS | ||
| An analysis of the maturityofloansisgiven below: | |||
| 2023 | 2022 | ||
| £ | £ | ||
| Amounts falling due within one yearondemand: | |||
| Loans | 7,370 | 7,250 | |
| Amounts falling between one and two years: | |||
| Loans | 7,494 | 7,370 | |
| Amounts falling due between two and five years: | |||
| Loans | 23,236 | 22,856 | |
| Amounts falling dueinmore than five years: | |||
| Repayable by instalments: | |||
| Loans | 479,841 | 487,714 |
| MOVEMENTINFUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/22 | infunds | funds | 31/3/23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 512,420 | (67,355) | 445,065 | |
| Restricted funds | ||||
| Daffodil Education fund | 2,197 | (1,046) | 1,151 | |
| Armed Forces Covenant Fund Trust - VE Day 75 | ||||
| Event | 8,741 | (8,741) | ||
| Steps to Sustainability Programme | 7,497 | (4,239) | 3,258 | |
| Memorial Garden fund | 9,235 | (7,540) | 1,695 | |
| Sustaining support costs | 3,500 | (3,500) | ||
| Provisioning new premises | 108,496 | (7,696) | 100,800 | |
| National Manuscripts Conservation Trust | 600 | 600 | ||
| Armed Forces Covenant Fund Trust via Adferiad | ||||
| - Veterans work | 2,500 | 2,500 | ||
| August Veterans Event | (8,741) | 8,741 | ||
| 139,666 | (29,662) | 110,004 | ||
| TOTAL FUNDS | 652,086 | (97,017) | 555,069 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 263,847 | (331,202) | (67,355) | |
| Restricted funds | ||||
| Grantinaid (Gia) Allowance | 23,079 | (23,079) | ||
| Daffodil Education fund | (1,046) | (1,046) | ||
| Federation of Museums and Art Galleries of | ||||
| Wales | 998 | (998) | ||
| Steps to Sustainability Programme | (4,239) | (4,239) | ||
| Memorial Garden fund | (7,540) | (7,540) | ||
| Sustaining support costs | 26,250 | (29,750) | (3,500) | |
| Provisioning new premises | 3,670 | (11,366) | (7,696) | |
| National Manuscripts Conservation Trust | 600 | 600 | ||
| Armed Forces Covenant Fund Trust via Adferiad | ||||
| - Veterans work | 2,500 | 2,500 | ||
| August Veterans Event | 15,323 | (24,064) | (8,741) | |
| 72,420 | (90,716) | {11,366) | (29,662) | |
| TOTAL FUNDS | 336,267 | (421,918) | (11,366) | (97,017) |
| Comparatives for movementinfunds | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1/4/21 | infunds | funds | 31/3/22 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 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) | ||
| Digitalising 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 | |
| 36,666 | 11,310 | 91,690 | 139,666 | |
| TOTAL FUNDS | 605,337 | 46,749 | 652,086 |
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | infunds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 164,124 | (134,929) | 6,244 | 35,439 |
| Restricted funds | ||||
| Grantinaid (Gia) Allowance | 22,626 | (22,626) | ||
| Welsh Government Cultural Recovery Fund Armed Forces Covenant Fund Trust - VE Day75 |
109,949 | (117,910) | (7,961) | |
| Event Armed Forces Covenant Fund Trust - Veterans |
(11,252) | (11,252) | ||
| Film Supporting VE Day Remembering Operation Granby |
5,000 | (311) (1,400) |
(311) 3,600 |
|
| Digitalising Campaign Medals Steps to Sustainability Programme |
4,000 9,997 |
(2,500) | 4,000 7,497 |
|
| Memorial Garden fund | 10,000 | (765) | 9,235 | |
| Sustaining support costs | 23,750 | (20,250) | 3,500 | |
| Curator courseandtraining | 1,042 | (1,042) | ||
| Provisioning new premises | 3,002 | 3,002 | ||
| 189,366 | (178,056) | 11,310 | ||
| TOTAL FUNDS | 353,490 | (312,985) | 6,244 | 46,749 |
| Name of related party | Transaction | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| 1st The Queen's Dragoon Guards Heritage Trust | Loan interest payable | 4,375 | 4,435 |
| The Royal Welsh Regimental Museum Trust | Loan interest payable | 4,375 | 4,435 |
| Amounts outstanding at the year end are as follows: | |||
| Nameofrelated party | Nature of balance | 2023 | 2022 |
| £ | £ | ||
| 1st The Queen's Dragoon Guards Heritage Trust | Loan creditor | 258,970 | 262,595 |
| The Royal Welsh Regimental Museum Trust | Loan creditor | 258,970 | 262,595 |
| FINANCIAL INSTRUMENTS | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Financial assets | ||
| Financial assets measured at fair value through SOFA | 99,837 | 107,699 |