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|**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|
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|||||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|
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##
||2023|2022|
|---|---|---|
||£|£|
|Donations|830|896|
|Legacies||1,000|
|Grants|63,427|195,206|
||64,257|197,102|
##
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##
##
|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|
||||||=|---|
##
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##
##
##
|**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 FALLING**DUE**WITHIN 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)|
##
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##
|**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|
##
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|**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|