| Page | |
|---|---|
| Companylnformation | 1 |
| Trustees'Report | 2-5 |
| lndependentExaminefsReport | 6 |
| SúatementofFinancialActivities | 7 |
| BalanceSheet | I |
| Statement ofGashFlows | I |
| Notesto the Financial Statements | 10-16 |
| COMPANYSECRETARY | Mr R NKendall-Carpenter |
|---|---|
| TRUSTEES | |
| Co-opted | MajorGeneralJD StokoeCB CBE- retired1July2020 |
| BrigadierPJ Davies- appointed1July2020 | |
| BrigadierEMFlint | |
| ColonelACunnínghamTD | |
| LieutenantColonelR BustonTD | |
| Mrs JMStockdale | |
| Ex-officio | Major-General SNesmith - retired1October2020 |
| Brigadier GWilson | |
| ColonelJSGunningADC - retiredô November2020 | |
| Colonel MC BrookesADC - appointed 6November2020 | |
| ColonelMJMorton | |
| WarrantOfücerClass1 DCorcoran - retired1July2020 | |
| WarrantOfücerClass1 RScarcliffe-appointedIJuly2020 | |
| COMPANY NUMBER | 06lt60179 (England and Wales) |
| CHARITY NUMBER | 1133304 |
| PRINCIPAL ADDRESS AND | |
| REGISTEREDOFFICE | RoyalSignalsMuseum |
| GriffinHouse,Blandford Camp | |
| Blandford Forum, Dorset, DTII8RH |
| BANKERS | LloydsBankPLC |
|---|---|
| Coxsand KingsBranch | |
| 8-10WaterlooPlace | |
| London,SWlY4BE | |
| soLrcrroRs | Wilsons SolicitorsLLP |
| Alexandra House,StJohns Street | |
| Salisbury | |
| Wiltshire,SP12SB |
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| BAI-ANCESHEETAS AT3 | IDECEMBER | 2O2O | |
|---|---|---|---|
| Note | 2020 t |
2019t | |
| FIXEDASSETS | |||
| Tangible assets Heritageassets |
II | 375,000 | 401,490 |
| 375,000 | 401,490 | ||
| INVESTMENTINSUBSIDIARY | 10 | 1 | |
| CURRENTASSETS | |||
| Debtors | 11 | 212,143 | 190,020 |
| Cashat bank and inhand | 1't5,932 | 113,9ô6 | |
| 328,075 | 303,986 | ||
| CREDITORS: Amounts fallingduewithin one year | 12 | (66,e25) | (53,e56) |
| NETCURRENT ASSETS | 261,150 | 250,030 | |
| TOTALNETASSETS | 636,151 | 651,521 | |
| :=Ë=:l | |||
| FUNDS | |||
| UNRESTRICTED | |||
| DesignatedFunds | |||
| FixedAssetFund | 338,398 | 350,870 | |
| OtherAssetFund | 939 | 13,081 | |
| 339,337 | 363,951 | ||
| GeneralFund | 291,921 | 286,435 | |
| 13 | 631,258 | 650,386 | |
| RESTRICTED | 14 | 4,893 | 1,135 |
| Total Funds | 636,151 | 651,521 |
| STATEI'ENTOFCASH FLOWSFORTHE YEAR E | NDED3IDECEMBER2O2O | |
|---|---|---|
| 2020 | 2019 | |
| s | t | |
| Cashflows fromoperatingactivities | ||
| Netexpenditure | (15,370) | (3ô,114) |
| Adjustmentsfor: | ||
| Depreciation charges | 26,490 | 32,692 |
| lnvestment income shownininvesting actlvities | (10,885) | (2,1e6) |
| (lncrease)/Decreaseindebtors | (22,123) | 3,495 |
| lncrease(Decrease)increditors | 12,969 | 7,655 |
| Netcash providedbyoperatingactivities | (8,e19) | 5,532 |
| Cashflowsfrominvestingactivities | ||
| lnterest and dividends from investments | 10,885 | 2,196 |
| Netcash providedbyinvestingactivities | 10,885 | 2J96 |
| Changein cashandcash equivalents in theyear | 1,966 | 7,728 |
| Cashandcash equivalentsbroughtfonrard | 113,966 | 106,238 |
| Cashand cash equivalents carriedfonrard | 115,932 | 113,966 |
| NATIONS | 2020 | 2019 | ||
| Unrestricted | Restricted | TotalFunds | TotalFunds | |
| Funds | Funds | |||
| r | Ê | t | Ê | |
| BlueCard Membership Scheme | 22,W | 22,U6 | 25,140 | |
| Communications Café | 340 | 340 | 1,O20 | |
| Legacies | ||||
| lndividuals | 998 | 998 | 686 | |
| Other | 1,800 | 3,758 | 5,558 | 8,200 |
| 25,684 | 3,756 | 29,M2 | 35,046 |
| ARITABLE ACTIVITIES: GRANTS RECEIVABLE | 2020 | 2019 | ||
| Unrestricted | Restricted | TotalFunds | TotalFunds | |
| Funds | Funds | |||
| e | e | I | t | |
| RoyalSignals BenevolentFundCorps Grant | ||||
| StaffCosts | 110,000 | 110,000 | 108,996 | |
| Enhancement Costs | 1,O04 | |||
| Governments Grants | ||||
| Job Retention Scheme | 52,077 | 52,077 | ||
| ArmyMuseum- GrantinAid | 72,002 | 72,002 | 69,543 | |
| ArmyMuseums OgilvyTrust | ||||
| Apprentice Grant | ||||
| 110,000 | 124,079234,079 | 't79,543 |
| ESTMENT INCOME | 2020 | 2019 | ||
| Unrestricted | RestrictedTotalFunds | TotalFunds | ||
| Funds e |
Fundse€ | Ê | ||
| lnterest onDepositAccounts | 225 | - | 225 | 423 |
| lnterest from Subsidiary Company (notef5) | 803 | - | 803 | 1,25',1 |
| GiffAidpaymentsftom Subsidiary Company | ||||
| Donated Shop Profits (note15) | 9,857 | 9,857 | 482 | |
| 10,885 | 10,885 | 2,196 |
| 2020 | 2019 | ||
|---|---|---|---|
| Unrestricted | Restricted | TotalFunds | TotalFunds |
| Funds | Funds | ||
| Ê | e | Ê | e |
| 5,27õ | 5,275 | 8,691 | |
| 5.275 | 5,275 | 8,691 |
| ARITABLE ACTIVITIESCOSTS | 2020 | 2019 | ||
| Unrestricted | Restric,ted | TotalFunds | TotalFunds | |
| Funds | Funds | |||
| Ê | e | E | Ê | |
| Projects and exhibitions | 298 | 298 | 1,806 | |
| Maintenance | 852 | 852 | 3,086 | |
| Acquisitions-Artifacts,Books,Medals,Etc | 25 | 25 | ||
| Outreach,Vehicle Costs | 114 | - | 114 | 204 |
| Reductioninshop stock (Note15a) | 20,000 | 20,000 | ||
| 2',1,289 | 21,289 | 5,096 | ||
| Supportcosts: | ||||
| Salaries | 103,007 | 124,O79 | 227,086 | 225,319 |
| lnsurance | 6,467 | 6,467 | 6,514 | |
| lT Support | 3,584 | 3,584 | 4,333 | |
| Personnel Expenses | 43 | 43 | 496 | |
| Volunteer Expenses | 531 | 531 | 2,426 | |
| Bankand Credit Card Charges | 100 | 100 | 488 | |
| Miscellaneous Expenses | 384 | 384 | 593 | |
| Depreciation(Note8) | 1,876 | 1,876 | 2,084 | |
| Governance costs: | ||||
| Trustee Expenses | ,t02 | |||
| lndependentExamination | 2,7U | 2,754 | 2,747 | |
| 140,035 | 124,079 | 2æ,114 | 250,198 | |
| Fundedfrom DesignatedFunds | ||||
| Depreciation(Note 8) | 24,6"14 | 24,614 | 30,609 | |
| 1&,649 | 124,079 288,728 | 280,807 |
| COSTS AND REMUNERATION OF KEYIUANAGEMENTPERSONNEL | 2020 | 2019 |
|---|---|---|
| affcosts | r | Ê |
| Wages and salaries | 209,473 | 207,065 |
| Socialsecurity costs | '17,613 | 18,254 |
| 227,086 | 225,319 |
| 8 | TANGIBLEFIXEDASSETS | Fixtures and | Display | Museum | |
|---|---|---|---|---|---|
| Fittings | assets | Building | Total | ||
| Ê | € | € | Ê | ||
| Cost | |||||
| AtIJanuary2020 | 165,633 | 290,8351,043,002 | 1,499,470 | ||
| Additionsinthe Year | |||||
| At31December2O2O | 165,633 | 290,8351,043.002 | 1,499,470 | ||
| Accumulated depreciation | |||||
| At1January2020 | 152,552 | 290,835 | 654,593 | 1,097,980 | |
| Depreciation forthe year | 7,070 | 19,420 | 26,490 | ||
| At31December2020 | 159,622 | 290,835 674,013 | 1,124,470 | ||
| Net bookvalue | |||||
| At31Decembe-¡r2020 | 6,011 | 368,989 | 375,000 | ||
| At31December2019 | 13,081 | 388,409 | 401,490 |
| ESTMENT INSUBSID¡ARY | 2020 | 2019 |
| Ê | Ê | |
| TheRoyalSignals Museum Trading Company Limited | ||
| Registered number: 03685523 | 1 | 1 |
| ==:r-:æ==: |
xtractedfrom the financial statements, areasfollo |
ws: |
ws: |
|
|---|---|---|---|
| 2020 | 2019 | ||
| € | € | ||
| Turnover | 185,503 | 131,654 | |
| Costof Sales | (130,845) | (e3,500) | |
| Staffcosts | (36,381) | (31,643) | |
| Depreciation | (304 | (376) | |
| Othercharges | G,rf3) | (5,653) | |
| Taxation | |||
| G¡ftAid donation | (9,85n | (482) | |
| Net ProfiU(Loss) | |||
| ShareCapital | 1 | 1 | |
| Shareholder's Deficit | (1,070) | _lLg!9t |
| BTORS | 2020r | 2019 Ê |
|---|---|---|
| Amountsduefrom Subsidiary | 62,215 | 88,981 |
| Amountduefrom RelatedGharity | 140,120 | 94,469 |
| OtherDebtors | 9,808 | 4,297 |
| Prepayments | 2,273 | |
| 212,143 | 190,020 |
| EDITORS-Amountfallingduewithinoneyear | I 2020 |
2019 Ê |
| TradeCreditors | 830 | 649 |
| Social Security andOther Taxes | 4,350 | 5,663 |
| Accruals and Provisions | 61,745 | 47,æ4 |
| 6ô,925 | 53,956 |
| 13 | UNRESTRICTEDFUNDS | IJanuary | Movements | inYear | 31December |
|---|---|---|---|---|---|
| 2020 r€t |
lncomeExpenditure | 2020 t |
|||
| DesignatedAssetFunds | |||||
| FixedAssetFund | 350,870 | ('t2,472) | 338,398 | ||
| OtherAssetsFund | 13,081 | (12,142) | 939 | ||
| 363,951 | (24,614) | 339,337 | |||
| GeneralFund | 286,435 | 150,796 | (145,310) | 291,52"1 | |
| q5!386 | 150,796(169,924)631,258 | ||||
| 1January | Movements | inYear | 31December | ||
| 2019 | lncomeExpenditure | 2019 | |||
| Ê | Ê | r | â | ||
| DesignatedAsset Funds | |||||
| FixedAssetFund | 369,337 | (18,467) | 350,870 | ||
| OtherAssetsFund | 25,223 | (12,142) | 13,081 | ||
| Designated ExpenditureFund | |||||
| 394,560 | (30,60e) | 363,951 | |||
| GeneralFund | 291,510 | 73,841 | (78,916) | 286,435 | |
| 686,070 | 73,841 (109,525)650,386 |
| STRICTED FUNDS | 1January | MovementsinYear | 31December |
|---|---|---|---|
| 2020 Ê |
lncomeExpenditure Êt |
2020 t |
|
| MedalGallery RefurbishmentProject | 1,135 | 1,135 | |
| Donationsfor Specific Purposes | 3,758 | 3,758 | |
| Corps Grantand GrantinAid | 124,079 (124,079) |
||
| 1,-135 | 127,837(124,079) | 4,893 | |
| 1January | Movements inYear | 31December | |
| 2019 t |
lncomeExpenditure Ê t |
2019 g |
|
| MedalGallery RefurbishmentProject | 1,565 | (430) | 1,135 |
| CorpsGrantand GrantinAid | (179,543) 179,543 |
||
| 1,565 | ',t79,543(179,973) | 1,135 |
| RELATEDPARWTRANSACTIONS | 2020 | 2019 |
| Ê | â | |
| aTheCharityisrelatedtoTheRoyal Signals Museum TradingCompany | ||
| Limited,itssubsidiary. | ||
| Atthe year end the amountreceivableamountedto | 62,215 | 88,981 |
| The movementinthisdebt consistedofthe net effect of both receipts and | paymentsbyeach | Company |
| onbehalfofthe other, andincluded: Provisionfor slowmovingand redundant shopstock lncrease arising frominterest dueftom the TradingCompany CharitableDonation from theTradingCompany |
20,000 803 9,857 |
1,291 482 |
| bTheCharityisalsorelatedto theRoyalSignalsBenevolentFund(an | ||
| unincorporated charity)due totheirrelatedobjectives andac{ivities. | ||
| Atthe yearendthe amountreceivableamountedto | 140,120 | 94,469 |
| Duringthe year grants werereceivedamounting to | 110,000 | 110,000 |