2021-12-31-accounts

R•gi#t•red number. (W0179 Chartty numbtrr: 1133304 THE ROYAL SIGNALS MUSEUPII (A COAIPANY UMITED BY GLIARANTEEI TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 UNAUThTH) Tr￿10?5. R•pwt In￿p￿XIenl Examlnofs R•wl B•lance Sheet Nots8 to th• FIMnclal 10-16

THE ROYAL SIGNALS MUSEUM {A COMPANY UMITED BY GUARANTEE) COMPANY IPORIAATION COMPANY SECRETARY R N KeThJalWr TRUSTEES Brigadr PJ Oavs Biw¥Jier EM Fth'nt Cc4onel A Cwniryjh￿ To Lieutenant Cdcfftel R &Jston TD Mrs JM Stc(kdale Ex-off￿0 B[wad￿ G Wilson Cdcfftd W ￿)rton. rtb"rd 17 May 2021 C¢knd CEJ Davies. appcinted 17 May 2021 Warrant off￿er Class 1 R Scardiffe COMPANY NUIABER C6460179 IEWd •)d Ws) CHARITY NUIrfBER 1133￿4 PRINCIPAL ADDRESS AND REGISTERED OFFICE Griffin Hcyjse, Blan(fft)rd Camp Blandlord DT118RH INDEPENDEMT EXAMINER Guy Biggin FCCA Cro4 U.K LLP ch￿￿)han GIOu￿terShITe. 3PR BANKERS LIWS Bar PLC Coxs a￿1 I￿[￿$ Bra￿ &10 Waterlts) Pe Lcrfthn, SWIY 4BE SIXICITORS Wi15¢YLS LLP Alexandra H￿Se. Sl J{￿￿ Street SalistyJry WiMsl*re. SP12SB

THE ROYAL SIGNALS MUSEUM {A C<)MPANY UIfjTED BY GUARAIITEEI REPORT OF TrE TRUSTEES FOR YEAR ENDED 31 DECEIABER 2021 Thè Trust8e$ present tt)eir rewrt arky the finan0￿ statements of thè Charity Ic Ihe yèar endad 31 t)￿eMter 2021. The finanua ststements habe iwn tw¥ed in ac£(dar￿e Ihe accounbThJ Fdp2es sel (Mrt in note 1 to Ihe finanaal statements and ccffipty Vith the Charities 2011. the Cornparies 2Cth. the Memorandum and Arb"des of Assouab'on and AcLounting ReFxybng by c￿ Ststemenl of Recunmended Pr￿ICe apFlicable to charities preparing thwr aoxunts in wth the Fin¥Kial ReFKYbrrfJ StsrkJard$ 8PFAratrJe in the UK and Rep￿1¢ ol kel8￿1 {FRS102) leffecW 1 Jwary 20191. STRUCTURE, GOVERNANCE AND ￿NAl￿￿NT The Royal Signals Museurn Trust IRegthred Chwity No. 10704201 wa5 eslat4i5Fd ty a ted ol Trust dated 10 June 1998. On 27 D￿ember 2C07 a new was iwh)yr4yth as 8 company limrted by guarantee. The Roy81 Swals M￿eurn (CCrfn￿3rry No. (W0179. Re91st￿ed Charrty No. 11333041. A sGIEme lo tr8n$fer the 8sset$ oftr Trust to Ihe Limited CNnpany YAS apwobJ by t￿ Chanty Commission on 15 D￿mb￿r 2W9. Th8 )veming document is the Memorarthm and AJbcles of Assouabon dated 27 D8comtw 2￿7, as altered by Special Resolution passed on 4 IAarth 2(X)8. Each apsxynteij Tntstee r￿eS an 1ndlth￿ CC￿'nI￿j the g)¥trrMr¥J dcojmenls. Statem￿ ol accwnts and a cow of Ihè Chanty C¢Jnmis￿n'S guth '￿ E$￿1￿ Trustee." What You Need To Kno￿ AII current Trustees are famili wth the w￿re$ of the Charity 1hr￿￿ their semce in The Royal Corps of S+Jnals. New Tnjstees are appjnted by assuniro exrfficx roie CK by being ctsopted by the exsstiThJ Trustees. The Board of Trustees meet ly"an￿lY and at c4her time to meet speafic req￿r￿ents. The Trustees agree the broad strategy and the Museum's Forward Aan. The resp￿1b1'1ty kn Ihe day to day runniThJ of the I￿seUM is invested in the Museum Director Is Secretsry to the Bowd of Tnjstees HcA¥ever, the Board takes am map)r decisions cOr￿eming the gobwnarKe ofthe kJsevm. The Bowd is SUP[￿ed ty.. The MusÈum Finanr d Exe¢AJth CIMnmitteè is th8we(I by a n￿inated Trustèè mèèts at léast qvatrrfy. M consi(lers ￿1 fina￿￿ asFeds of the Museurn's ¢)FeratKJn. It a¢h"ses the Director and Business Manager and makes r8fA%nmeThJ"orts to the Bo¥d of Trustees on all fin￿￿al matte¥s indudirKJ insuran￿, investmonl. current incc¥n¢ and expenditure, risk management aTrJ Ihe anrJal bjjget The Museum's Acryi￿t￿S Ath'sory Comm¥tt8e. rewirements for a(wisiliorts to and disposals from the cdlect•Jn. 11 adwses ts Threth)r arKI Curator aTrJ re￿rts to the P)ard of Trustees. The day to day management of Ihe Charty is dewed to W R N KerYalPCarpenter who can be contscled at Rwmentsl Headwarters Royal &gnals. Gn'ffm House. Bla￿ord Camp. Blandford For￿n, tlorseL DT118RH. RELATED PARTIES Royal &gn81s Musewn Tfadry COM￿ry LIm￿d i% a srt>"diary of the Chanty. The Charity has a dose rrfkiro relatThthp ith The Royal &gnals Chity. The C￿rIbeS have sirrilar otyeclNes, ao¥itie8 of &lmintslralKx). RISK MANAGEIIEpir Thè Trustees have (xjnsthed the may fisks to tKh the Charity is exFJwJ aThJ have thxe risk5 and 9Sta￿lShed systems and procedures to mana9e tlThe risks. Two slratO9ic risk$ hav¢ b￿Th idenb"fi¢d. The of Oeferth IMODI CC￿￿'r￿Je to rwjw, or even CLtrtail, their finanaal assistan￿ to SLK an extent thal the is ro bryr viable. Tr Pk)D cc4Jld force relctation of the Museurn., it is likety that this ¥bDLld be l*gety fr￿e￿ by the kk)O. trAJt there vKKJld be 8 shortf811. To miligale these risks. trustees of the Rryal CNps of SwJi8L8 BeneY(Aerrt F￿xI have asswanrm that IW w¢xJld support the

THE ROYAL SIGNALS MUSEUM (A COMPANY UIIITED BY GuARA1￿EE} REPORT OF TrE TRUSTEES FOR TrE YEAR EK)ED 31 fECEIAeER 2021 Icwb"nue(11 OBJECTIVES AND ACTMYIES Oblectiv•s Th8 objectives of the Museum we lo." Preserye 8fKI enhan¢ the historical cdleclion ofthe Rwal C(￿$ ol SWS Ai ￿)r￿ar￿ Afjth its dedaration of Tlust and its Acqusthi aTrJ Disposal policy. Make the p&)IK awa￿ ofthè Roy Cws of S￿￿lS. s rcrfe trweby w)tn"butirKJ to the ojection 018 posib.ve image ofthe kny. Contribute to the esprit de Cc￿5 of the C¢yps. IIIuslrate aspeds of mih.tary life, t￿ (kvelcwent of￿￿S w¥J ewwrrt the and sacrbfice of the ¢3)mM￿lty. PrM)ote military effiC￿¢Y and encourage reuulrrnt ty p￿1¢ exhibrtion of its collections. Provide ￿ educat1￿ res￿rce for bclh a￿lts aTrJ ch"hJren with parttii￿ rtrthrK to the Naliwl c￿nC￿lum. Prowde a focal point for rnemtr￿ ofllle ¢￿p$. bolh seNng and rebred and their heirs and st￿$S0rS. Undèrpin the idenbty and vatjes ol the knys Regffiwttal syst￿ thr￿ the ext51eThx Of1￿ Corps collectr'on and archive& Provide thè wblicwrth an er¥oyabk and &JLThtionab tir￿ thatare (£￿iert to the visitor. Prorncle miitary sca)01￿sh1p arwj re￿rttt. Aellvltle8 The Mu5eum'8 wcthnpasw a numt4r of th￿[se to ffl¢el ib •m$ oty"eth"b8s. These enthe rt to bcth meet the $eThiThJ r8b"r•J Cups, Army ￿ tho wbl The Wseum Maintains an intert sitq re5eNe arth¥p and h't¥ary ts resewth pu￿$$5 arvj lo 88f8guard the ￿age ofthe Corps. The business sect￿n is respcw.ble for Ihe metiTrJ ol the arnj fuThkngr¥J 1thats￿ and events. The 8hop (Induthng an extensive intemet mal cth ￿ality) 15 wn thrwgh a sthsJrary ccffipary, The Royal &gnal$ Museum Trathng Company Lmited. laulitias ty schcds, cdlew. y¢xrth organisatic￿. mililary o)LKSOS, Arn)y F¢xce, CryntAned C•Jth Forc•. aduli groups {s￿h as Probus, L￿)r￿, Wl. Rotsryl aTha m11rt￿ assoaatvm. The Musewn sjjpports the MOD by wovilirvJ free ￿$110r alw$ fcf sobkn, free ￿CesS arwj 9￿￿ed tours for offiaal visrtcrfs to the ￿np. Iree awEss to 41 bas8d on Ihe Camp. matèrial access for personnel on courses and for c(￿ Lwmts, Th1uckn visits to 811 ntr￿Y rwll.ted Office￿ and soldiers and an artefact loan lao.lty frK utyts. There a￿ aho depicling Cwrwrt oF¢rat￿5. PUBLIC BENEFIT Tgking the Charity Ccrfnrnlss￿.s into ¢cw¢J8ralth, the TnjSt￿ #re S.$￿ that ¢)ur public benefft uirements have been Thè Chanty tenefit to ts genwal ty". educab.ro them abcJt the rde4 acbvities, athiewrbwts. 0)abil￿.&$. herilage and quiw•nt of Ihe Royal Corp$ of &gnals", building and ye8eNng a valuabk histo￿ oSlecon, and e￿wIr#j sd)olth"p', C(Nnm8M￿31Ing aThJ remembering Ihose have Ih"r suffered irywy in thtr of Ihe wt"c ofthe United KirWcffi', slrengthening Ihe links betsen thè milrtary aThJ Cawl1￿ comMun￿e$." emphasising the contritthcn Ihat w)men have mJe to the effe￿ThE￿ of mlitary LxynmunKw)rn8 gnd pr¢¥nots'ng volunteering: re¢ordirwJ and wesentir¥J the deeds and of e￿stv￿ mwnbers of lh8 C￿p$. as ￿11 as those of thelr forebeafs, thareby contribukn"r4J to Ihe espnt de txwps of tho Rwal &gnas and to the effiry.enry of th& British Army". a￿1 adivibes as *ll as an enioyatAe and 8<1￿"<￿1 mLhseum exFerience lor thè genW￿ public at times c£￿ven￿nt lo the for a reasonab5e fee a variety of inthv¥Ju81 atyj groLP c(￿￿ssiOns.

THE ROYAL SIGNALS MUSEUM (A COMPANY uMrtED BY GUARANTEEI REPORT OF THE TRUSTEES FOR THE YEAR EMLED 31 DECEMBER 2021 Ic(mtinued} ACHIEVEMENTS AND PERFORhlAIICE The C￿on8￿ruS C(Md-19 p8ndem¢ aNJ Ihe reSU￿"r9 "Wt>A￿. me¥rt Ih8t d08ed to visrtors until it parb.aty recfened in J￿e 2021. Museum stsff. not directy frjrxjed extematy. re ItwltyJ9hed ￿K1¥r Govemmtrrfs Jcl) Retenb"on Scheme IJRSI aNI to t paKI thwr fvjll salary. irwjmduals retumèd to lof a knv days a monlh under the Gov¢mment's IleX)￿e fvrf¢)ugh wks. The Museum's Curator is a full time CMI S¢rvanL a)d so was not furlcyjghed a￿1 ￿￿tiThjed vnir¥3, m￿ty Irc¥n tr￿ne. The MLtseum's [)¥eCt￿ and Attendant w&re ￿rge funded by grants £72K12020'. £72KI frrmn ￿ Army P+knewns Cy'lby TrLLSt IAMOT). and so were not fvrtoughed, The annua £11CK grant from the ROO SwJnaL% Chanty IRSCI. was link&J tr) the funding of spec4.fic members of staff. and spectfic enhanwnents of the ￿￿tseuM.$ displays c4)libes. Befrye ihe pandem 1WJ(d￿, rt wa$ ￿reed that this link nead not b• and grant coul(f ￿ ttsed for gener81 purposes. AB a resuA ol the Museum's dosure UTKJer C(M"&19 re5trKAi￿ 8rKI the cancellation of CcKp5 events. a(kni$$ion in¢omo 4NJ slKx) sajes ere ¢urtailed. Grant w)como RSC and AKfJT maintn&l at ththr usual rates. The subst￿bal JRS g￿ts of £44K 121Y20." £52K) have been a 9gnif￿ant fo￿ in Ihe Museum's fin￿CeS in 2020 and 2021. FINANCIAL REVIEW Tota income for Ihe year amOLmted to £2SSKI2￿20'. £279K)', ith(MJt the JRS grants this 7Ary)ukJ have been £211K 12020.. £227KI. Total expendffjjre came to £256K12020'. £294KI of 4bt¥ch deFwabon amounted to £22K (2020.. £28KI. The dekn't for the year amcymted to £1K12020'. £15KI. ryJld been a surplus of £21K (2020.. £11K) wlhout de[rriati￿. If the JRS hJ been ￿8ved tt81 defiiyl %￿Id habt been £45K {2020:£67m. RESERVES POLICY The Trustees have decthd that Ihe Musewn slwkj maintsin 8 minunum reserye in the Gener81 Fund ol the greater of either a yearfs salary costs Inot ￿d￿kn9 Fthts fvnd￿J by Army gr8nlsl or 6 month5 OFwating cDsts. If the need arose. this sh￿Ad allow Museum to sfNrt down in ￿ orilwly fash￿. pay redw)d8ry ¢J)sts and distntxrte Iho ts)nlwts ol the cc4kcb.on aThJ to other apwcf¥Ate i(¥Jies. The Getwal Fund t¢sw¥es (free of all desLgnab"onsl are ¢umtly aL¥)ut £40,LKM) in excess ol this minimum. The General Fund reseT¥es conb.nue to be u5&Y to ftJHI deficits C￿ bas￿ cyerati(rts, lor workirvJ captal aTrJ routine updalirvJ ol Ihe th8th3. 11 is exFded thyt ￿¥t￿n￿ fijnrthng ha¥B lo te 8W for fijtwe mapr proj￿tS or wiis1bc￿s. PLANS FOR FUTURE FERIODS The Museum DlrectN ¢>)nb"nues to dwe¢t the develcyment of an afievable and sustsinable Fywamme of exhibits. ex￿"b￿.0n$ and aThJ in ccm1rta1￿n vAth ts Trustee5 aThJ key stakeholders, develop a strBtegy for t￿ Museum. Untsl D￿mber 2023 the kJs8um all ￿11 be direded at chaThJirvJ the lo(￿$ of the Museum so that story.tdling ecomes its prinupal means of womokn"ThJ ew de corps aThJ uThJerstaThJiThJ. involve.. Funding and tryjildsng a stuy gthring aThJ tdlry ￿pabity. Reducing the Reserve collec1K￿ 10 8 minirnwn. ke•"ThJ ¢xty otr4.eds th8t can mako a ¢￿tr"ixItK)n to the Museurn's ability to tdl the Corps. stLYies: Tuming the A￿l¥e into a resoL¥CE to St￿e aThJ tdl Ctyps. 5tcrfte6." Reducing the SCO￿ axl scab oflhe Shcp lo a miThmum f￿aded to make a wsrt to thè Ilknseum a satssfying experience for rnembers ol the w￿4c.

THE ROYAL SIGNALS MUSEUM COMPANY UMITED BY GUARANTEE) I￿nIt￿led) GOING CONCERN. cov1￿19 PANDEMIC Th• Cow¢19 par4Yemic cau8ed museum's in March 2020. with rTr)st c¢ the Mus￿￿,5 staff beiThJ furl0ugl￿d under the Goverrwnent's "Job Relent)n Sceme'. The Tnjstres and mwagem￿t have been monitoring the wtential impa¢t on ts ath"￿t￿s and a fueca51 has teen wep¢d wrth a of assLmpts)r built in. including the length of Ihe gw)¥emrnont ts1oL￿h Sthe￿ 8fKI txgeded effects cffl vssrtor numbers and other income xhemès. Thè dc6iro cash at the yearenval ol these ffinancad stateM￿ts arxl therèfrAt financi81 statemènts a going concem ba&'s. As a resutt, at the d of wrirg. these Statem￿ that thg CW YAII be 18 to continue to opefate as a going t>)nc4m. STATEMENT OF TRusfEES' RESPo￿BILITIEs Thè Trustees (wh) we also ¢Jrertors of the The Royal si￿als Y￿SeuM for the wrpJses of Compary L￿) are reSp)n￿ble for Wep￿n9 TNstée$' Arnual Report and ihe financ4 5tm8rts in act0rdan￿ v7th applicab Eaw aThJ United ￿9￿)M ￿er¥lty Ptt¢￿"n9 Prth KirvJdrKn A￿nts"r0 Stsndardsl. company Law reqthres the Twstees to ptepare statements for eth fina)rial year. Und8r company law the Tnjstees must awove finartial ststements ￿lesS they sth.sfvj that ty give a tr￿ and fa'r v¢ew of the aff•'rs of th8nlable cy)mpany and ol the irwirKJ and the aFplicat•Jn of resource& inc4uding Ihe income and expeibjiture, Of￿ Chan[ab￿ ctsnp￿ fortw perK#J. In Pr￿rI￿j the fin￿cial ststements. the T￿￿eeS are requirnd to". cbseNe the meth¢xls and pnnwles in ttp Charilffts SORP". make judgements aThJ estimates thal a￿ reasonable state wheiher aFfIlica￿e UK accxxmting siwid¥ds hale t￿en foJkyAed, S￿le(l to any matenal departures isdosed and eXpl￿ned in the fina￿la1 sta1•m￿". prepare th¥ ffinanaal Statem￿lS on the goTrJ corwn basis ￿1?$5 rt is ￿￿OF￿ate lo presumè that tr Charty VAI 0?￿'nUe in busirEss. The Twstees are reswrtsible lor ke￿"ng ajewate acCO￿tir￿j TecAyds th are sufficierrt to show expl&n the tharitsble COMp￿Y'S transaC"c￿s, d￿￿Ose wth reasorth ac(xJ(aGy at any the financaal ptssition ol the charitable ttjmpany and 8nabk ttEm to ensure that the finaNi81 stat￿ents ccffjply wth the CrynpanE3 2f))6 and 1he provisions of the Charity's C￿$￿"trIb￿. Tlw are ￿s0 ￿F<￿￿ble ts 6afegui*NJ thè assets of Ihe Charity and her￿ for st8ps lor the deteckn) 01 fra[￿3 and other irwUl￿1￿es. In prep8rirg tM"s rewt, th& thr&aors iJken •tr4ntage ofts sjnal COM￿leS exemkn wov4Jed by sadion 415A of the C(xmpan￿$ kt 20C6. Approved ty the Twstees M 28 2022 aThl swed cffl Iheir behdl tyf. Brlgadhr PJ Davie# Trustee

THE ROYAL SIGNALS MUSEUM (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2021, which are set out on pages 7 to 16.

This report is made solely to the charitable company's Trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the charitable company's trustees as a body in accordance with section 154 of the Charities Act 2011. My independent examiner's work has been undertaken so that I might state to the charitable company's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charitable company, the charitable company's members as a body and the charitable company's Trustees as a body for my independent examiner's work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b} of the 2011 Act.

Independent examiner's statement

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 ofthe 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Guy Biggin FCCA Crowe U.K. LLP St James House St James Square Cheltenham Gloucestershire GL50 3PR

Date: 1 September 2022

6

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THE ROYAL SIGNALS MUSEUM (A COAIPANY UMITED BY GUARANTEE) Registered Company Number c￿4￿179 &4LANCE SHEEf AS AT 31 DECEIIBER 2021 2021 2020 FIXED ASSETS Tangible assets Hèritagè assets 375.CrfXJ 362,433 375,OLNJ INVESTMENT IN SUBSItXARY 10 CURRENT ASSETS Debtc Cash 81 bank in h￿d 11 207.348 134.534 212,143 115.932 341.882 328.075 CREDITORS." ￿m￿nts Idlrg wthin ore ye NET CURREPIT ASSETS 12 169,207) 272,675 I￿,925) 261.191 TOTAL ￿T ASSErs 615,109 636,151 FUNDS UNRESTRICTED Designated Funds Fixed Asset Fund OtherAss8t FuThJ 316. 6.011 318,664 311.052 339.337 291.921 13 14 629,718 631.258 4.893 RESTRICTED Total Fund8 635,1(Y3 636.151 For the year eThYing 31 D￿ernber 2021 Ihe cThnparw was entthd to exenwth trtyn 8wJit ￿der Se￿.on 477 oflhe Companies P£t 20[￿ reL4tsNJ to sm811 ¢LNnpwKes. The members have rX requir&J the company to otrtaui an aLJt of ts finana¥ #atements ￿ ar)>Jrdance th sei"on 476 01 the Companies Act 2CMA. The dire¢10￿ g¢kThMledge thwr reSp￿￿￿￿ty for rJ)mFdYW￿ ith th8 requiremerts ofthe rewf lo a¢¢ounth"ng r¢ctyds ¥rKI ft)r Ihe Fwaralion of These ffinanoal slatèments have been PTepare(J in accxxdwce Vith the relab'ng to th& small companies regime within Part 15 ofthe Ctmnparmes A¢1 2CXA rel8brKJ to small cornpanies. The financial statements cn pages 7 to 16 tre a￿¢)￿ by tr Bo*d of Tntstees on 28 Juty 2022 and signed on its behalf by.. Brlgadler PJ Davle8 TctK8tee The notes on p¥s 10 to 16 Icrfm part oftW fingTh)al statwnwrfs.

THE ROYAL SIGNALS MUSEUM IA COIIPANY UIAITEO BY GuARA1￿EE} STATEIIEMT OF CASH FLIY•IS FChR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 Cash flo* from 0￿ra11￿ acll¥ltl•8 Net expeThJiture Adjustments lor. Deprecaats'on charges Investrnenl in¢omè Sho￿￿ in invesling athibes IlrKYeastsyD8crèas& in ¢Jetors IweasellDewsg1 in creditc￿$ 11,0421 115,370) 26.4 110,8851 22,1231 12.S69 14861 4.795 2,282 Net provlded trrf 0￿r￿lIng acll¥lllos 28.(KJ5 8.919 Cash fl¢>wa from In¥•silng acdvllle• Interest artty dividend$ from investments Purchase of fixed assets 10,885 19,8891 Net cash pro¥li1ad by In¥g•tlTrJ acllvllles 9,403 10,885 Change in cash and cagh equlv•lerhts in Ihtr 18.602 Cash and ¢ash ewivalerrts ￿ f(Thwd Cash and •quSval•nts carrled fonv•rd 115,932 113. 134,534 115,932

THE ROYAL SIGNALS MUSEUM IA COMPANY UIAITED BY GUARA￿EEl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 q ACCOUNTING POUCIES Charlty Infom The Royal SvJnals Muwm is registered as an iw)ratsd Charrty limited by gl￿rantee %%ith Companies House Iregi51ered no IM0179 EThJlaThJ aThJ Waesl aThJ Ihtr Ch CcffimissK)n Ireg'stered no. 1133304). Its Registered Offi￿ is Griffin kk)u5e. ￿an￿rr￿d Camp. Blandford Forum, tkneL DT118RH. Basi$ of Prpp•ratton The financk4 st8tern￿ts haw be￿ kyepared in a￿AydanCe wth knnb.ng and R￿th"A9 by Charities.. Statement ol Recommenthd Prac￿ aFoltsNe io tharities prepan'ng their finanaal ststements in aoyjrdance wth the Finanaa Reporti'ng Standard apKAthe in the UK Republic of IreL•)d IFRS 1021 (effecti¥e l January 2019}- (Charities SORP IFRS 10211. Ihe FinwKial ReFKJrting Standard aFw1ca￿e in the UK KI Republic of Irel￿d IFRS 1021 and the Charibes P£i 2011 and C(xnp8nies Act 2(M)6. The linamal are indu(Jed 8t market vdue. Consoldat•d irwrwrvJ Ihe s&)swJvary (xjmpany. are Th)t prep¥ed 95 Ihe 9￿P has laken advantage ofthe size exampb"C￿s. The Royd Signals meets the dethition ofa Wb1￿ be￿ thty FRS 102. e. Golng Conc•m The Charity has cath rescoJrfM ty) requirement tr athbcmal external fiJnditYJ. Thè Trustees have a reasonable exFectab"on that the Charity has Je(wte rèsources to 0)n(￿ue in Operat￿al existence for foreseeable hjture ￿ there are rKJ Mat￿ Lmcwtsintts atoul Ihe charity's ability to continue. They conti4MJe to trdieve the w'ng conwn basis of ￿Ou￿"r0 is 4y¢¥)n"ate Trn preparing the annual finanoal statements {see Corwn. Ccfvid19 in the T[u￿ee￿ Rèrx)rt. page 51. The Tru5tee5 trwve been in nw'abcffls for a lorma leas6 Ihè land on thich the museum was bu1￿. Progfess this stalkd during Ihe Stralegic Delence and Secunty Re￿eAr and Ihe reorganisats'on of the DgferKe Estates. It is exFeCted that rytiabcms will resume. This causes LttKrtanty ¢xJn(rning Ihe value ol th& mus•um building in the Ba￿￿e Sheet aThY ￿tenb￿ty museum's "lity to cvnb.nue cm the same site. The Trustees Ihat thtrè is 8 Itm lisk of an cmthcoffle fvch vKxJkl put th8 (4)er¥tK)n of the muswjm at signifi￿t risk. d. Connected ChaTitles The Charity is ￿nneC￿ed to the Royal Swls Chanty utwvxw8tÈd ¢h8TityI. ckje to their related objeth"¥es a￿1 &tivth5. The Charity is ￿s0 connect&J to the Royal SigfKals Museum Trust la dormant •. Donatlon8, Legacles arml Grants Re¢el¥able Income from don8tioAS. ftmdra151ng legaoes e arz￿￿ed on a recL¥pts ba"s urt•s$ the income 11 retyved and rls value te meawr•Y 7•ith suff•ient Td1at￿ty. Th)se luThJs wovitsd for a ycar pwpose are taken to a restn¢ted Itmvj. Fly lega¢ies. enbuernent tkn as the eailier of Ihe date on erfhèr. Chaiity aware that Fffobate has bg¢n grat)tsd. the estate W treen fin8lis&Y nOtrfKats￿ has been madè by thè èxÈ¢utorlsl to the Charity that a dIStr￿￿tiOn Ibill be m. or knen a dlstn'tyJt￿ i8 receNed 1he estate. RecEipt of lega￿, in vthole or in part. is ¢)nty ￿)s￿lere￿ Fythble kn the amount can be measured reliably the Charty has teen rKlitd ofthe irtention kn me a di8tsitrArtJn. f. In¢tyn• InveJtrn•nts Income from irNestments ts acco￿ a rnc•vé bs. g. G¥•nts RKelvable Grants re¢eiwdble from ty)￿nment aThJ other sources ￿e recefvEd fc¢ Spea"￿ proje<lsl(x)sts and are recogTh$8d in acc¢d¥nce vAlh ts"r Ind￿idual terrns 0)Thj￿Cffls. Ir￿rne is recognised ￿4)￿n the Chty has ￿thrnent to the luThl$. any rerforrnance cOndrt￿rts #tached are me( ti is probaue Ihat the in¢cKne wiH te receNed and the amtxsnt can ￿ rdiabty measured. Grant incorne ￿911 be deferred if receNed in advan￿ of meeb"ThJ perf(%Ma￿ u)ThJ1b'￿S or if Ihe swfically states that the ir￿0M¢ must t* spMI bn a future accwnkn"rKJ ppri(NJ. 10

THE ROYAL SIGNALS MUSEUM NOTES TO M F114ANCIAL STATEMEPffS FOR THE YEAR ENDED 310ECEMBER 2021 h. R•sourc•s Ex￿d Dir8¢t Charftable costs we albcaled to Ihe partty)Jtar vAvo the (xsl rdates direct￿ to that tmty and in accord￿ wth the otF¢ts￿ tsflhe Charity. l. H•rftsgo A880ts Heritage assets are define<l as assets of historiq aJbth or senb"fic iMp￿ancE that artr held lo advance preseryation, c(mrv8knn and edUcat￿la1 obJecb'iRs of Chanty and throu￿ p￿1¢ afXeSS contribute to the nab'on's and ea￿Ation at kn a nation81 fx ￿ level. These assets arg cmrtral to the athie¥ement of Ihe aims ofthe Museum and irKJudtr ¢yhtrf"ts and artefads. Heritage assets dC￿at￿ to ts Nfvseum ¥re Charged to experKturn at cost or valuation they are acquired arKI are caprtali8ed aTrJ ￿er￿al$d". have ro realisable value, as they have to be offered to other musethis hen th¥￿ed of. arKI tlw an irthfinite useful Ibfe (see note 91. In 2016 the Museum was rfraCAxedI￿ ty the Arts Crthil Ertynd, so rt has been ju(Jd as meeting govemment standwds kx WuiSrt￿. preSeryatl￿. man•3amen( dwsal and r8cording of the collection. It is OFen to 7 dtys a vA8k in 5 rl8ys a in the Wirtw. l. Oitsr T¥nglbl• Flxed Assets and Deprpclatlon The extension to the M￿um building was Captai￿ed at cxrt Its real￿ and use￿1 life camot cUr￿ntlY be delemned. thje to thè lac of a kne as Ne. tt is b•ry depreci￿ at 5% per annum, by the r8dwng methcxy. as a re{X￿b￿ esb"mabon. Equi[￿1. fixbJ￿$ and th"ng5 used fr administfab'cm, mantenan￿. arch1￿ and dI￿10Y pur[￿seS, costirg mi￿￿ than £SX) are caytslised 31 o)st and al 15%. 20% cff 33.3% per amum. by the straight line mettKJ. deFvKlirvJ ￿ thè type of the a6seL Impairment reyigwts ar¢ ¢xt reg￿￿ty. Taxatlon The enbty 1$ a regsthd Ctrwty. 8rKJ as claims ta¥ &xgmW fly all its United ￿r￿j￿)rn ir￿e and l. Funds Unrestricted bjnds are ex￿r￿jab￿ atlhe dtsuetion ofthe Trustees. Designated fvrKJs ￿ UN&$trKt￿ funds. s￿-•$b¢e ¥1 ￿ discleb￿ ofthe Trustees fijr speofic PLwposes. m. D•btor8 Debtors are recc•wwI atlhe set11e￿ 8mw Kt [weFwm￿ are val￿1 at the amount preFQid. n. cr￿110￿ Creditors and are rec{gni￿ the Chm a Present otknjalw resu￿1ng Irom 8 P8St event that wll prob re5uIi in the transfer of frJrMJs to a third party aTha the amount due lo stUe the igth.on can be measwwj ￿ esb"mated reli&)ty. Prw"siorts are rK)t diSc￿nted to net wesent value as the Pl￿ntIl Instrurnents Th& Char¢ty onty ha$ financial assets wwj fin￿al liabililies of a kiThJ Ihat qLIty 8$ t)0gc fironaal I￿trUMents. Basic financial instruments are re¢c•Jrnsed al iransaLati) value and subswuer rneasU￿￿ at Ihew seltlement vue. The CharTtabb ￿)MpanY has the t43Sh¢ financlal ithmrts'. Cash al bwk and in" hand, detlOfS 8TrJ ueditor$ 8r¢ measured at amtyt"s•d cost Prep8rats"on of the fmancxal statements rn￿89￿nent to CCffjKlef maknng any signifi¢antjudgements aThJ ests"mates where nwwy. There are no ilèms in the finwal staternents si￿lficant￿Udgernents and estimatiorts bè8n maje, ex• tty *Jemiation as rh)ted in 11 attht. 11

THE ROYAL SIGNALS MUSEUM IA COMPAMY LIIIITED BY GUARANTEE} NOTES TO THE FIIIANCIAL STAYEMETrITS FOR YEAR ENDED 31 OECEIIBER 2021 2021 un￿￿tr￿￿j RestrKt&Y Tcrtal Funds Funds Funds 2020 Total FLmds Card M¢mLwship S¢lme Communications Café 17.670 17.670 lndmju￿S Other 17. 25,684 18,463 29.442 29.442 35.046 Prior Year T(1816 3,758 3 CHARITABLE ACTMTES: GRAiifs RECENABLE 2021 Unrestricted Restrwxed Tolal FLm(ts F￿￿$ Funds 2020 Totsl F￿d$ Royal SMJnas Charity- C￿S (kant Govemments Grnnts Job Retentson S¢hem& Army tJswm. Grant in Aid 110.IXI) 110,CKKJ 110,1 44.2TO 72.427 116.697 124 079 44,270 72,427 226,697 234.079 52.077 72,002 234.079 179.543 110.CQ) 110.(KK> Prity Year Totsls 4 INVESTMENT INCOIAE 2021 unrestric￿ RestrM#ed Totsl Ftjnds Fu*Js Furv 2020 Total Funts 225 803 Inleresl trom Subsith'ary CunFony Inote 151 477 477 l)cfftated Slv)p Profits Incle 151 9,857 10,885 2,196 Prior YearTotsls 10.885 10,885 S FUND IIAISIIIG & PUBUCffY COSTS 2021 ur￿tnrt￿d Resin￿￿1 Total Funds Futyts FU￿1$ 2020 Totsl Funds MLtseum P&Ai¢ity 1,221 1.221 5.275 1,221 1.221 5.275 S.275 5,275 8.$91 Prior Year Totsls 12

THE ROYAL SIGNALS MUSEUM (A COMPANY UlffTED BY GUARAPfftE) NOTES TO THE F114ANCIAL STATEmE1￿s FOR THE YEAR ENDED 31 DECEMBER 2021 6 CHARITABLE ACTivmES COSTS 2021 UnTestrn#¢d Restrict&J Total Funds FwKI$ Funds 2020 Totsl Fund8 Projects and exliimbo intenanc• A¢qui&tions~ Artifacts. Bc￿, Medals. Et¢ Outreach, Vehicle Ctssts Redu¢tion in shop stttk I￿)te 1Sal 103 438 372 1D3 4&8 372 852 25 114 20,0 21,289 942 Support costs". Salariès Insur￿¢ IT SupF<Kt PeTS(x)rl E￿r Volunteer Expenses Bank and Creilit C¥d Chwges Vi'scl8news Ex￿￿$0$ Depreoatson (Note 81 101,(64 116.897 217.761 5.9 3.543 227,086 6.467 3.564 43 531 1LhJ 3.543 316 316 1.783 1.783 1,876 Trustee EX￿￿¢S Independenl ExamI￿b 2.802 233.W 2.754 264.114 117.267 116,697 Funded from De$ignatsd Funits D8pr8oation (￿e 81 20,673 137,940 No Trustee12020 ￿mIe} r¢iMtAwseM￿ in respe¢X of travel ex4enses in 2021". no￿ 12020 none) 20.673 254,637 24.614 288.728 116.697 7 STAFF COSTS AND REMUNERATION OF KEY IIANA¢%MEIIT PERSONNEL . staff costs 20 191, 8.501 17.454 217.761 193,346 16,127 17.613 227.086 Emplrtyerfs Pen￿¢￿ ¢¢Jsts soc￿1 se(xJrity Costs The Museum gratefidty recei%vJ a signTfK•)t of W￿r￿ary Wp ¢kn"ThJ the ￿. Th8 Charity also tnefits from staff ca)5ts aTrJ IxJik1i￿ rumiro costs lUrquar￿fiak40 in totall the Mintsty of Defence, as part oftsrconiriknJb"on to Corps ￿'1￿e èwit ¢Je wps. No ern￿oYee •am1 in excess ol per annLKn (2020.. r￿1. Thèrn were 7 FeThanent rw)1￿F￿ry in 2021 1202tr. 7 pe￿an0rrt & no temporary}. gregate ern￿Oyee ￿$ts of key I￿51￿¥￿. th• (lirector Mr RN Kend8M.CarFenter. *ere £70,38912020 £66.147). 13

THE ROYAL SIGNALS MUSEUM IA COIAPANY UIWTED BY GiIARApifEEI NOTES TO THE FINANCIAL STATEIIENTS F(IR THE YEAR ENDED 31 DECEMBER 2021 8 TAMGIBLE FIXED ASSErs Museum BuilthrrfJ Fitbrrfjs Total Al l January 2021 Ad(hkns in the Year 165.633 29),835 9.889 1.043.(N)2 t,499,470 9,889 At 31 December 2021 165.633 3CKJ,724 1.043.(M)2 1,509.359 At 1 January 2￿21 Oepre(3atsx for the 159,622 4.¢X17 1,835 674.013 18,449 1,124.470 22.456 At 31 Decenknr 2021 163,629 692,462 1.146,926 Net bc¥)k wabJ• At 31 De￿mber 2021 Al 31 De￿mber 2020 350.5È10 368,989 2,433 375,000 6.011 The Museum BuildirvJ rs subiecl to w￿all)n of a gal 18ase the Mi'risty of Defence. ￿1)ith c4)￿d 1rnp￿r the value ol ihe buildirg, see 11. HERThAGE ASWS Hent&Je assets are rnt C8ptslwJ in the firtary￿ $t8twnents in ￿￿dance ith the accouth.ng pc4icy disdosed in Note 1h. They have ￿ aFW)Jy ¥8k of £1.1cKJ.(￿. this indudes assets acquired in past acuwnlmg The Trustees conth Ihe cost of C￿r0 a wOfeS￿ Valuati￿ to irthde these assets at a value in the financial statements to b& Co￿￿8(3t4e cthnp8d to th• limiw by ts users of the f￿anc￿ statem&ts. 10 INVESTIAENT IN SUBSItXARY 2020 The Royal &gnals Museum Tr&JirMJ Company Limrted Re9tste￿ number.. 0￿5523 This represents 1(￿ ofthe sttwe Ca￿tal. Thè prinapal ath"Nity ollhat Cc#mpany is the oflhè ￿se￿n.$ st￿p. Ils trading re8uIts fi)r the year. 2020 93.322 171.8241 144,6321 17,158 P531 16.4431 185.503 1130.e451 141,3131 4.932 13071 {8,113} Cost ol Sales SIAff rJ)sts Depreciakn"on Olher charges Taxatr Gift Aid donatic Net ILossllProfit Share CaFJtsl Sharehc4ds Defic 9,857 12.672 13.742 1,070 14

THE ROYAL SIGNALS MUSEUM COIAPANY UIAITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMEiifs FOR THE YEAR EMDED 31 DECEIIIBER 2021 11 DEBTORS 2020 jn￿jnts due from Sthidiary Amount thje fr(yn Rdated Charity Olher DebtOTS Prepayments 37,223 168.183 1.942 82,215 140,120 9.808 207,348 212.143 The arno￿1 due frcAn thè sth"di¥y is dern￿ and Inte￿St at 1%11% ￿ 20201. 12 CREDITORS- Amount fallkng du• wlthln onp y￿r Trade c￿dI￿$ Sc¢ia sec￿rIty Other Taxes Attruals and Pr0¥7Sh 378 830 64.149 61,745 69.207 e6.925 13 UNRESTRICTED FUNDS 1 January 2021 Movements in Year Intomè E erKlrtwe 31 Deeembèr 2021 Desiwaled Asstt FUN Fixed Asset FuThJ {￿her Assets FuThJ 116.fA61 14,CQ71 120.6731 1118.4881 139,161 316,6eo 2.004 6,011 339,337 291,921 631.2S8 318.664 311.052 629.716 General Fu￿1 137.619 137,619 1 Jwary 2020 Movements in Year I1￿ E nditure 31 tkcember 2020 De￿&ThIed Asset Funds Fixed As8el Fund Othef A￿t9 FuThJ Designated EX[￿ndit￿e FLknJ 3XJ.870 13.081 {17.5441 17.0701 333,326 6,011 J3.951 286.435 124.6141 1145.310) 169,924 339.337 291.921 631.258 General FuThJ 1￿,798 150.7 0•s1gnat•d A￿•t Fund• The Assèt Fu)ds represert the deweaated asset values that have been by extwnal Grants C￿"0[￿8. and a￿ a"usted ty the annual deFwatNM ch￿. Fixed Asset Fund- the deryeod value of Ihe museum IxMkliThJ and its fixtures and ffttings. see Th)te 8. This is the t(￿ of urK¢mmthd aC￿mU1*d fr{￿ pertrfjs. 15

THE ROYAL SIGNALS MUSEUM IA C(XAPANY LIIIITED BY GUARANTEEI PK)TES TO THE FINANCIAL STATEIIJENTS FOR THE YEAR ENDED 31 DECEMBER 2021 14 RESTRICTED FUP 31 December Ir￿ne E¥pendthre Methl Gallery Refuth"thm&tt Prqec lhnth.ons for Speofic PLYFoses Corps Gf8nt and Grant in ANJ 1,135 3.758 1.135 4,258 116.697 117,197 1116.6971 116.697 5.393 1 Janu MOV￿￿nts Tn Yè Ir￿rne endilure 31 tle¢emtr 2020 Medal Gallery Refvrbishmenl Prqe tknations for Speofic PwkX)ses Ccwps G[￿t Granl in fvJ 1,135 1,135 3,758 17S8 124.079 127.837 1124,07gi 124,079 1.135 oth1 G•llffji R¢fvrfMshm¢nt Pr¢t Donatffis receivèd Medal Galery Rel[￿"shment Prcpct ¢orpA Grant •KI Grnnt In Ald 15 RELATED PARTY TRAMSACTIONS 2021 2020 a The Charty is to Th• Royal Swws Trkng CLNnp Limited, rts sub%dk4ry. 37.223 62,215 The M0￿ment in th"s debt c(￿lsted ol ihe ￿ effect ol both ￿lpts ￿ paymenls by each Company behfofthe other. and induded." PThhsion for ￿tsW Mo￿n9 and ￿￿Undant slK)p strK Incxease ari&ng frcffl interest ¢kn from the Tra(liThJ c￿ty Charitable Donation frcrfn the Trath"ng C￿p￿rry b The Charity is 8kn related to the Ra￿ &9nab Chty lan thartyl due to thwr related ot4'&X've5 and thbes. At year end the aM￿Jrt ￿￿￿tle amwnted to 20,OLK) 477 9.857 168,183 140,120 110,0 110.0 18 ALLOCATtON OF NET A&8Ers The r¢stn"cted funds of £5,39312m.' £4.8931 ¥e hdd as cash balances and the unrestrictsd funds are represented ty all the other assets and IRbitsbes. 16