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||Page|
|---|---|
|Companylnformation|1|
|Trustees'Report|2-5|
|lndependentExaminefsReport|6|
|SúatementofFinancialActivities|7|
|BalanceSheet|I|
|Statement ofGashFlows|I|
|Notesto the Financial Statements|10-16|
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|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|
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|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|
##
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|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|
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|---|---|---|---|---|
|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|
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|||2020|2019|
|---|---|---|---|
|Unrestricted|Restricted|TotalFunds|TotalFunds|
|Funds|Funds|||
|Ê|e|Ê|e|
|5,27õ||5,275|8,691|
|5.275||5,275|8,691|
##
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||||||
|---|---|---|---|---|
|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|
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|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|
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|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|
##
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||||
|---|---|---|
|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||
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|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|||
##
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|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|
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||||
|---|---|---|
|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|
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