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||Page|
|---|---|
|CompanyInformation|1|
|Trustees’Report|2-5|
|IndependentExaminer'sReport|6|
|StatementofFinancialActivities|7|
|BalanceSheet|8|
|StatementofCashFlows|9|
|NotestotheFinancialStatements|10-16|
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|||||2021|Total
Funds|18,463
226,697
9,170
486|
254,816||1,221
254,637|
255,858||(1,042)|636,151|
635,109||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Restricted
£|500
116,697|
117,197||116,697|
116,697||500|4,893|
5,393||
|THEROYALSIGNALSMUSEUM
(ACOMPANYLIMITEDBYGUARANTEE)||STATEMENTOFFINANCIALACTIVITIESFORTHEYEARENDED31DECEMBER2022|(IncorporatinganIncomeandExpenditureAccount)|2022|Unrestricted
Restricted
Total
Unrestricted
General
Designated
Funds
General
Designated
Note
£
£
£
£
£
£
INCOMEFROM|Donationsandlegacies
21,874
-
-
21,874
17,963
-
Charitableactivities
3
125,000
-
83,897
208,897
110,000
-
Othertradingactivities:Admissions
19,307
-
-
19,307
9,170
-
investments
4
1,436
-
-
1,436
486
-
N|
TOTALINCOME
167,617
-
83,897
251,514
137,619
-|EXPENDITUREON|Raisingfunds
4,491
-
-
4,491
1,221
-
Charitableactivities
6
217,096
17,463
72,427
306,986
117,267
20,673
wo|
TOTALEXPENDITURE
221,587
17,463
72,427
311,477
118,488
20,673|NET(EXPENDITURE)AND|NETMOVEMENTINFUNDS
(53,970)
(17,463)
11,470
(59,963)
19,131
(20,673)
Transferbetweenfunds
-
10,228
(10,228)
-
-
-
Totalfundsbroughtforward
311,052
318,664
5,393
635,109
291,921
339,337||
TOTALFUNDSCARRIEDFORWARD
257,082
311,429
6,635
575,146
311,052
318,664|Note13
Note13
Note14|
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##
|||2022|2021|
|---|---|---|---|
||Note|£|£|
|FIXEDASSETS||||
|Tangibleassets||353,474|362,433|
|Heritageassets||||
|||353,474|362,433|
|INVESTMENTINSUBSIDIARY|10|1|1|
|CURRENTASSETS||||
|Debtors|11|201,704|207,348|
|Cashatbankandinhand||102,799|134,534|
|||304,503|341,882|
|CREDITORS:Amountsfallingduewithinoneyear|12|(82,832)|(69,207)|
|NETCURRENTASSETS||221,671|__272,675_|
|TOTALNETASSETS||575,146|635,109|
|FUNDS||||
|UNRESTRICTED||||
|DesignatedFunds||||
|FixedAssetFund||300,827|316,660|
|OtherAssetFund||10,602|2,004|
|||311,429|318,664|
|GeneralFund||257,082|311,052|
||13|568,511|629,716|
|RESTRICTED|14|6,635|5,393|
|TotalFunds||575,146|635,109|
##
##
||2022|2021|
|---|---|---|
||
£|
£|
|Cashflowsfromoperatingactivities|||
|Netexpenditure|(59,963)|(1,042)|
|Adjustmentsfor:|||
|Depreciationcharges|22,453|22,456|
|Investmentincomeshownininvestingactivities|(1,436)|(486)|
|(Increase)/Decreaseindebtors|5,644|4,795|
|Increase/(Decrease)increditors|13,625|2,282|
|Netcashprovidedbyoperatingactivities|
(19,677)|
28,005|
|Cashflowsfrom investingactivities|||
|Interestanddividendsfrominvestments|1,436|486|
|Purchaseoffixedassets|(13,494)|(9,889)|
|Netcashprovidedbyinvestingactivities|
(12,058)|
(9,403)|
|Changeincashandcashequivalentsintheyear|(31,735)|18,602|
|Cashandcashequivalentsbroughtforward|134,534|115,932|
|Cashandcashequivalentscarriedforward|
102,799
|
134,534
|
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|||||||
|---|---|---|---|---|---|
|2|DONATIONS|||2022|2021|
|||
Unrestricted|
Restricted|
TotalFunds|
TotalFunds|
|||Funds|Funds|||
|||£|£|£|£|
||BlueCardMembershipScheme|15,766|-|15,766|17,670|
||Disposalofexcessstoreditems|3,350|-|3,350|-|
||Legacies|1,000|-|1,000|-|
||Individuals|1,654|-|1,654|293|
||Other|104|-|104|500|
|||
21,874|
-|
21,874|
18,463|
||PriorYearTotals
|
17,963|
500|
18,463|
29,442|
|3|CHARITABLEACTIVITIES:GRANTSRECEIVABLE|||2022|2021|
|||
Unrestricted|
Restricted|
TotalFunds|
TotalFunds|
|||Funds|Funds|||
|||£|£|£|£|
||RoyalSignalsCharity-CorpsGrant|125,000|-|125,000|110,000|
||GovernmentsGrants|||||
||JobRetentionScheme|-|-|-|44,270|
||ArmyMuseumsOgilvyTrust|||||
||GrantinAid|-|72,427|72,427|72,427|
||StoryTellingExhibitionequipment|-|5,000|5,000|-|
||WCITCharity-STEMproject|-|5,000|5,000|-|
||OutreachRadioTrailor|-|1,470|1,470|-|
|||
125,000|
83,897|
208,897|
226,697|
||PriorYearTotals
|
110,000|
116,697|
226,697|
234,079|
|4|INVESTMENTINCOME|||2022|2021|
|||
Unrestricted|
Restricted|
TotalFunds|
TotalFunds|
|||Funds|Funds|||
|||£|£|£|£|
||InterestonDepositAccounts|930|-|930|9|
||InterestfromSubsidiaryCompany(note15)|506|-|506|477|
||GiftAidpaymentsfromSubsidiaryCompany|||||
||DonatedShopProfits(note15)|||||
|||
1,436|
-|
1,436|
486|
||PriorYearTotals
|
486|
-|
486|
10,885|
|5|FUNDRAISING&PUBLICITYCOSTS|||2022|2021|
|||
Unrestricted|
Restricted|
TotalFunds|
TotalFunds|
|||Funds|Funds|||
|||£|£|£|£|
||MuseumPublicity|4,491|-|4,491|1,221|
|||
4,491|
-|
4,491|
1,221|
||PriorYearTotals
|
1,221
|
-
|
1,221
|
8,691
|
##
##
|6|CHARITABLEACTIVITIESCOSTS|||2022|2021|
|---|---|---|---|---|---|
|||
Unrestricted|
Restricted|
TotalFunds|
TotalFunds|
|||Funds|Funds|||
|||£|£|£|£|
||Projectsandexhibitions|-|-|-|103|
||StoryTellingRoomProject|12,069||12,069|-|
||transferredtoFixedAssets|(12,069)|-|(12,069)|-|
||Maintenance|800|-|800|438|
||Acquisitions—Artifacts,Books,Medals,Etc|67|-|67|372|
||Outreach,VehicleCosts|96|-|96|29|
|||
963|
-|
963|
942|
||Supportcosts:|||||
||Salaries|186,790|72,427|259,217|217,761|
||Redundancies|6,131|-|6,131|-|
||Insurance|5,936|-|5,936|5,936|
||ITSupport|5,497|-|5,497|3,543|
||PersonnelExpenses|1,807|-|1,807|386|
||VolunteerExpenses|1,351|-|1,351|316|
||BankandCreditCardCharges|265|-|265|50|
||MiscellaneousExpenses|714|-|714|445|
||Depreciation(Note8)|4,990|-|4,990|1,783|
||Governancecosts:|||||
||TrusteeExpenses|252|-|252|-|
||IndependentExamination|2,400|-|2,400|2,802|
|||
217,096|
72,427|
289,523|
233,964|
||FundedfromDesignatedFunds|||||
||Depreciation(Note8)|17,463|-|17,463|20,673|
|||
234,559
|
72,427
|
306,986
|
254,637
|
|7|STAFF|COSTSANDREMUNERATIONOFKEYMANAGEMENTPERSONNEL|2022|2021||
|---|---|---|---|---|---|
||a.|
Staffcosts|
£||
£|
|||Wagesandsalaries|225,270|191,806||
|||Employer'sPensioncosts|12,289|8,501||
|||Socialsecuritycosts|21,658|17,454||
|||
|
259,217
|
217,761
|
|
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|8|TANGIBLEFIXEDASSETS|TANGIBLEFIXEDASSETS|Fixturesand|Fixturesand|Fixturesand|Display|Display|Museum|Museum||
|---|---|---|---|---|---|---|---|---|---|---|
|||||Fittings||assets||Building||Total|
||||||£||£||£|£|
||Cost||||||||||
|||At1January2022||165,633||300,724||1,043,002||1,509,359|
|||Categorytransfers||4,006||(4,006)||-||-|
|||AdditionsintheYear||1,425||12,069||-||13,494|
|||At31December2022|
|
171,064|
|
308,787|
|
1,043,002|
|
1,522,853|
||Accumulateddepreciation||||||||||
|||At1January2022||163,629||290,835||692,462||1,146,926|
|||Depreciationfortheyear||2,965||4,961||17,527||22,453|
|||At31December2022|
|
166,594|
|
292,796|
|
709,989|
|
1,169,379|
||Net|bookvalue|||||||||
|||At31December2022||4,470||15,991||333,013||353,474|
|||At31December2021||2,004
|
|9,889
|
|350,540
|
|362,433
|
||TheMuseumBuildingissubjectto
impairthevalueofthebuilding,see||
negotiationofa
notei.|
legallease||
withthe|
MinistryofDefence,whichcould||||
|9|HERITAGEASSETS||||||||||
||Heritageassetsarenotcapitalised
disclosed
inNote
1h.
Theyhave||
inthefinancial
anapproximate|statements
insurance||
inaccordancewiththeaccountingpolicy
valueof£1,100,000,thisincludesassets|||||
||acquiredinpastaccountingperiods.||||||||||
||TheTrusteesconsiderthecostofcarryingoutaprofessional
thefinancialstatementstobeconsiderablecomparedtothe||||valuationtoincludetheseassetsatavaluein
limitedadditionalbenefitderivedbytheusersof||||||
||thefinancialstatements.||||||||||
|10|INVESTMENTINSUBSIDIARY|||||||2022||2021|
||The|RoyalSignalsMuseumTrading|CompanyLimited||||||||
|||Registerednumber:03685523|||||||||
||This|represents100%ofthesharecapital.|||||||||
||The|principalactivityofthatCompanyistheoperation||ofthe|Museum'sshop.|||Itstradingresultsfortheyear,|||
||asextractedfromthefinancialstatements,areasfollows:||||||||||
|||Turnover
CostofSales
Staffcosts
Governmentgrants
Depreciation
Othercharges||||||
2022
£
92,370
(65,073)
(17,845)
-
(207)
(5,966)||
2021
£
93,322
(71,824)
(44,632)
17,158
(253)
(6,443)|
|||Taxation|||||||||
|||GiftAiddonation|||||||||
|||Net(Loss)/Profit||||||
3,279|
|
(12,672)|
|||ShareCapital
Shareholder'sDeficit|||||
|
1
(10,463)
|
|
1
(13,742)
|
##
|11|DEBTORS|2022|2021||
|---|---|---|---|---|
|||
£||
£|
||AmountsduefromSubsidiary|64,985|37,223||
||AmountduefromRelatedCharity|121,786|168,183||
||OtherDebtors|14,933|1,942||
||Prepayments|-|-||
|||
201,704
|
207,348
|
|
|12|CREDITORS-Amountfallingduewithinoneyear|||2022|2021|
|---|---|---|---|---|---|
|||||
£|
£|
||TradeCreditors|||2,518|378|
||SocialSecurityandOtherTaxes|||6,825|4,680|
||AccrualsandProvisions|||73,489|64,149|
||||
|
82,832|
69,207|
|13|UNRESTRICTEDFUNDS|1January|Movements|inYear|31December|
|||2022|Income|Expenditure|2022|
|||
£|
£|
£|
£|
||DesignatedAssetFunds|||||
||FixedAssetFund|316,660|-|(15,833)|300,827|
||OtherAssetsFund|2,004|10,228|(1,630)|10,602|
|||
318,664|
10,228|
(17,463)|
311,429|
||GeneralFund|311,052|167,617|(221,587)|257,082|
||
|
629,716|
177,845|
(239,050)|
568,511|
|||1January|Movements|inYear|31December|
|||2021|Income|Expenditure|2021|
|||
£|
£|
£|
£|
||DesignatedAssetFunds|||||
||FixedAssetFund|333,326|-|(16,666)|316,660|
||OtherAssetsFund|6,011|-|(4,007)|2,004|
|||
339,337|
-|
(20,673)|
318,664|
||GeneralFund|291,921|137,619|(118,488)|311,052|
|||
631,258|
137,619|
(139,161)|
629,716|
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|14|RESTRICTEDFUNDS|1January|Movements|inYear|31December|
|---|---|---|---|---|---|
|||2022|Income|Expenditure|2022|
|||
£|
£|
£|
£|
||MedalGalleryRefurbishmentProject|1,135|-|-|1,135|
||OutreachRadioTrailor|4,258|1,470|(5,228)|500|
||STEMProjectequipment|-|5,000|-|5,000|
||StoryTellingRoom|-|5,000|(5,000)|-|
||GrantinAid|-|72,427|(72,427)|-|
|||
5,393|
83,897|
(72,427)|
6,635|
|||{January|Movements|inYear|31December|
|||2021|Income|Expenditure|2021|
|||
£|
£|
£|
£|
||MedalGalleryRefurbishmentProject|1,135|-|-|1,135|
||OutreachRadioTrailor|3,758|500|-|4,258|
||CorpsGrantandGrantinAid|-|116,697|(116,697)|-|
|||
4,893|
117,197|
(116,697)|
§,393|
##
|15|RELATEDPARTYTRANSACTIONS|RELATEDPARTYTRANSACTIONS|2022|2022|2021||
|---|---|---|---|---|---|---|
|||||
£||
£|
||a_|TheCharity
isrelatedtoTheRoyalSignalsMuseumTradingCompany|||||
|||Limited,itssubsidiary.|||||
|||
Attheyearendtheamountreceivableamountedto|
64,985||
37,223|
|
|||Themovementinthisdebtconsistedoftheneteffectofbothreceiptsandpayments|||||
|||byeachCompanyonbehalfoftheother,andincluded:|||||
|||Provisionforslowmovingandredundantshopstock||-|-||
|||IncreasearisingfrominterestduefromtheTradingCompany|506||477||
|||
CharitableDonationfromtheTradingCompany||
-|
-||
||b|
TheCharityisalsorelatedtotheRoyalSignalsCharity(anunincorporatedcharity)due||
to|||
|||theirrelatedobjectivesandactivities.|||||
|||
Attheyearendtheamountreceivableamountedto|
121,786||
168,183|
|
|||
Duringtheyeargrantsreceivableamountedto
|
125,000
||
110,000
|
|
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