2023-12-31-accounts - The Royal Signals Museum

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	`Page`
`CompanyInformation`	`1`
`Trustees’Report`	`2-5`
`IndependentExaminer'sReport`	`6`
`StatementofFinancialActivities`	`7`
`BalanceSheet`	`8`
`StatementofCashFlows`	`9`
`NotestotheFinancialStatements`	`10-16`

THE ROYAL SIGNALS MUSEUM

(A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023, 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 of the 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:

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
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
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: 27 September 2024

						`2023`
		`Unrestricted`			`Restricted`	`Total`	`Unrestricted`		`Restricted`
		`General`	`Designated`			`Funds`	`General`	`Designated`
	`Note`	`£`		`£`	`£`	`£`	`£`	`£`
`INCOMEFROM`
`Donationsandlegacies`	`2`	`34,595`		`-`	`-`	`34,595`	`21,874`	`-`		`21,874`
`Charitableactivities`	`3`	`131,000`		`-`	`75,738`	`206,738`	`125,000`	`-`		`208,897`
`Othertradingactivities:Admissions`		`28,306`		`-`	`-`	`28,306`	`19,307`	`-`		`19,307`
`Investments`	`4`	`2,683`		`-`	`-`	`2,683`	`1,436`	`-`		`1,436`
`TOTALINCOME`		`196,584`		`-`	`75,738`	`272,322`	`167,617`	`-`		`251,514`
`EXPENDITUREON`
`Raisingfunds`	`5`	`5,796`		`-`	`-`	`5,796`	`4,491`	`-`		`4,491`
`Charitableactivities`	`6`	`246,278`	`17,082`		`75,505`	`338,865`	`217,096`	`17,463`	`72,427`	`306,986`
`TOTALEXPENDITURE`		`252,074`	`17,082`		`75,505`	`344,661`	`221,587`	`17,463`	`72,427`	`311,477`
`NET(EXPENDITURE)AND`
`NETMOVEMENTINFUNDS` `Transferbetweenfunds`		`(55,490)` `§,228`	`(17,082)` `505`		`233` `(5,733)`	`(72,339)` `-`	`(53,970)` `-`	`(17,463)` `10,228`	`11,470` `(10,228)` `5,393`	`(59,963)` `635,109`
`TOTALFUNDSCARRIEDFORWARD`		`206,820`	`294,852`		`1,135`	`502,807`	`257,082`	`311,429`	`6,635`	`575,146`
		`Note13`	`Note`	`13`	`Note14`

		`2023`	`2022`
	`Note`	`£`	`£`
`FIXEDASSETS`
`Tangibleassets`	`8`	`342,196`	`353,474`
`Heritageassets`	`9`	`-`	`-`
		`342,196`	`353,474`
`INVESTMENTINSUBSIDIARY`	`10`	`1`	`1`
`CURRENTASSETS`
`Debtors`	`11`	`160,418`	`201,704`
`Cashatbankandinhand`		`101,133`	`102,799`
		`261,551`	`304,503`
`CREDITORS:Amountsfallingduewithinoneyear`	`12`	`(100,941)`	`(82,832)`
`NETCURRENTASSETS`		`160,610`	`221,671`
`TOTALNETASSETS`		`502,807`	`575,146`
`FUNDS`
`UNRESTRICTED`
`DesignatedFunds`
`FixedAssetFund`		`285,786`	`300,827`
`OtherAssetFund`		`9,066`	`10,602`
		`294,852`	`311,429`
`GeneralFund`		`206,820`	`257,082`
	`13`	`501,672`	`568,511`
`RESTRICTED`	`14`	`1,135`	`6,635`
`TotalFunds`		`502,807`	`575,146`

	`2023`	`2022`
	`£`	`£`
`Cashflowsfromoperatingactivities`
`Netexpenditure`	`(72,339)`	`(59,963)`
`Adjustmentsfor:`
`Depreciationcharges`	`24,819`	`22,453`
`Investmentincomeshownininvestingactivities`	`(2,683)`	`(1,436)`
`(Increase)/Decreaseindebtors`	`41,286`	`5,644`
`Increase/(Decrease)increditors`	`18,109`	`13,625`
`Netcashprovidedbyoperatingactivities`	`9,192`	`(19,677)`
`Cashflowsfrominvestingactivities`
`Interestanddividendsfrominvestments`	`2,683`	`1,436`
`Purchaseoffixedassets`	`(13,541)`	`(13,494)`
`Netcashprovidedbyinvestingactivities`	`(10,858)`	`(12,058)`
`Changeincashandcashequivalentsintheyear`	`(1,666)`	`(31,735)`
`Cashandcashequivalentsbroughtforward`	`102,799`	`134,534`
`Cashandcashequivalentscarriedforward`	`101,133`	`102,799`


`2`	`DONATIONS`				`2023`	`2022`
		`Unrestricted`	`Restricted`	`Total`	`Funds`	`TotalFunds`
		`Funds`	`Funds`
		`£`	`£`		`£`	`£`
	`BlueCardMembershipScheme`	`14,277`	`-`		`14,277`	`15,766`
	`Disposalofexcessstoreditems`	`-`	`-`		`-`	`3,350`
	`Legacies`	`10,500`	`-`		`10,500`	`1,000`
	`Individuals`	`1,818`	`-`		`1,818`	`1,654`
	`Other`	`8,000`	`-`		`8,000`	`104`
		`34,595`	`-`		`34,595`	`21,874`
	`PriorYearTotals`	`21,874`	`-`		`21,874`
`3`	`CHARITABLEACTIVITIES:GRANTSRECEIVABLE`				`2023`	`2022`
		`Unrestricted`	`Restricted`	`Total`	`Funds`	`TotalFunds`
		`Funds`	`Funds`
		`£`	`£`		`£`	`£`
	`RoyalSignalsCharity- CorpsGrant`	`131,000`	`-`	`131,000`		`125,000`
	`ArmyMuseumsOgilvyTrust`
	`GrantinAid`	`-`	`75,505`		`75,505`	`72,427`
	`StoryTellingExhibitionequipment`	`-`	`-`		`-`	`5,000`
	`WCITCharity- STEMproject`	`-`	`-`		`-`	`5,000`
	`OutreachRadioTrailor`	`-`	`233`		`233`	`1,470`
		`131,000`	`75,738`	`206,738`		`208,897`
	`PriorYearTotals`	`125,000`	`83,897`	`208,897`
`4`	`INVESTMENTINCOME`				`2023`	`2022`
		`Unrestricted`	`Restricted`	`Total`	`Funds`	`TotalFunds`
		`Funds`	`Funds`
		`£`	`£`		`£`	`£`
	`InterestonDepositAccounts`	`2,227`	`-`		`2,227`	`930`
	`InterestfromSubsidiaryCompany(note15)`	`456`	`-`		`456`	`506`
		`2,683`	`-`		`2,683`	`1,436`
	`PriorYearTotals`	`1,436`	`-`		`1,436`
`5`	`FUNDRAISING& PUBLICITYCOSTS`				`2023`	`2022`
		`Unrestricted`	`Restricted`	`Total`	`Funds`	`TotalFunds`
		`Funds`	`Funds`
		`£`	`£`		`£`	`£`
	`MuseumPublicity`	`5,796`	`-`		`5,796`	`4,491`
		`5,796`	`-`		`5,796`	`4,491`
	`PriorYearTotals`	`4,491`	`-`		`4,491`

`CHARITABLEACTIVITIESCOSTS`			`2023`	`2022`
	`Unrestricted`	`Restricted`	`TotalFunds`	`TotalFunds`
	`Funds`	`Funds`
	`£`	`£`	`£`	`£`
`Projectsandexhibitions`	`827`	`-`	`827`	`-`
`StoryTellingRoomProject`	`-`	`-`	`-`	`12,069`
`transferredtoFixedAssets`	`-`	`-`	`-`	`(12,069)`
`Maintenance`	`2,473`	`-`	`2,473`	`800`
`Acquisitions— Artifacts,Books,Medals,Etc`	`11`	`-`	`11`	`67`
`AustinChampVehiclefromLegacy`	`10,000`	`-`	`10,000`	`-`
`Outreach,VehicleCosts`	`30`	`-`	`30`	`96`
	`13,341`	`-`	`13,341`	`963`
`Supportcosts:`
`Salaries`	`188,440`	`75,505`	`263,945`	`259,217`
`Redundancies`	`11,169`	`-`	`11,169`	`6,131`
`Insurance`	`5,936`	`-`	`5,936`	`5,936`
`ITSupport`	`6,196`	`-`	`6,196`	`5,497`
`PersonnelExpenses`	`8,500`	`-`	`8,500`	`1,807`
`VolunteerExpenses`	`1,634`	`-`	`1,634`	`1,351`
`BankandCreditCardCharges`	`315`	`-`	`315`	`265`
`MiscellaneousExpenses`	`165`	`-`	`165`	`714`
`Depreciation(Note8)`	`7,737`	`-`	`7,737`	`4,990`
`Governancecosts:`
`TrusteeExpenses`	`445`	`-`	`445`	`252`
`IndependentExamination`	`2,400`	`-`	`2,400`	`2,400`
	`246,278`	`75,505`	`321,783`	`289,523`
`FundedfromDesignatedFunds`
`Depreciation(Note8)`	`17,082`	`-`	`17,082`	`17,463`
	`263,360`	`75,505`	`338,865`	`306,986`
`PriorYearTotals`	`234,559`	`72,427`	`306,986`

`STAFF`	`COSTSANDREMUNERATIONOFKEYMANAGEMENTPERSONNEL`	`2023`	`2022`
`a.`	`Staffcosts`	`£`	`£`
	`Wagesandsalaries`	`231,383`	`225,270`
	`Employer'sPensioncosts`	`8,978`	`12,289`
	`Socialsecuritycosts`	`23,584`	`21,658`
		`263,945`	`259,217`

`TANGIBLEFIXEDASSETS`	`TANGIBLEFIXEDASSETS`	`Fixturesand`	`Display`	`Museum`
		`Fittings`	`assets`	`Building`	`Total`
		`£`	`£`	`£`	`£`
`Cost`
	`At1 January2023`	`171,064`	`308,787`	`1,043,002`	`1,522,853`
	`AdditionsintheYear`	`13,541`	`-`	`-`	`13,541`
	`At31December2023`	`184,605`	`308,787`	`1,043,002`	`1,536,394`
`Accumulateddepreciation`
	`At1 January2023`	`166,594`	`292,796`	`709,989`	`1,169,379`
	`Depreciationfortheyear`	`2,184`	`5,984`	`16,651`	`24,819`
	`At31December2023`	`168,778`	`298,780`	`726,640`	`1,194,198`
`Net`	`bookvalue`
	`At31December2023`	`15,827`	`10,007`	`316,362`	`342,196`
	`At31December2022`	`4,470`	`15,991`	`333,013`	`353,474`

`VESTMENTINSUBSIDIARY`	`2023`	`2022`
`TheRoyalSignalsMuseumTradingCompanyLimited`
`Registerednumber:03685523`	`1`	`1`
`Thisrepresents100%ofthesharecapital.`

	`2023`	`2022`
	`a`	`£`
`Turnover`	`67,582`	`92,370`
`CostofSales`	`(51,343)`	`(65,073)`
`Staffcosts`	`(8,599)`	`(17,845)`
`Governmentgrants`	`-`	`-`
`Depreciation`	`(170)`	`(207)`
`Othercharges`	`(7,240)`	`(5,966)`
`Taxation`	`-`	`-`
`GiftAiddonation`	`=`	`=`
`Net(Loss)/Profit`	`230`	`3,279`
`ShareCapital`	`1`	`1`
`Shareholder'sDeficit`	`(10,233)`	`(10,463)`

`11`	`DEBTORS`			`2023`	`2022`
				`£`	`£`
	`AmountsduefromSubsidiary`			`27,466`	`64,985`
	`AmountduefromRelatedCharity`			`124,256`	`121,786`
	`OtherDebtors`			`8,696`	`14,933`
	`Prepayments`			`-`	`-`
				`160,418`	`201,704`
	`Theamountduefromthesubsidiaryisrepayable`	`upondemandandcarriesinterestat1%(1%`			`in2021).`
`12`	`CREDITORS- Amountfallingduewithinoneyear`			`2023`	`2022`
				`£`	`£`
	`TradeCreditors`			`4,420`	`2,518`
	`SocialSecurity andOtherTaxes`			`10,323`	`6,825`
	`AccrualsandProvisions`			`65,310`	`73,489`
	`DeferredIncome`			`20,888`	`-`
				`100,941`	`82,832`
`13`	`UNRESTRICTEDFUNDS`	`1January`	`MovementsinYear`		`31December`
		`2023`	`Transfers`	`Expenditure`	`2023`
		`£`	`£`	`£`	`£`
	`DesignatedAssetFunds`
	`FixedAssetFund`	`300,827`	`-`	`(15,041)`	`285,786`
	`OtherAssetsFund`	`10,602`	`505`	`(2,041)`	`9,066`
		`311,429`	`505`	`(17,082)`	`294,852`
	`GeneralFund`	`257,082`	`196,584`	`(246,846)`	`206,820`
		`568,511`	`197,089`	`(263,928)`	`501,672`
		`1January`	`MovementsinYear`		`31December`
		`2022`	`Transfers`	`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`

`RESTRICTEDFUNDS`	`1January`	`MovementsinYear`	`MovementsinYear`	`31December`
	`2023`	`Income`	`Expenditure`	`2023`
	`£`	`£`	`£`	`£`
`MedalGalleryRefurbishmentProject`	`1,135`	`-`	`-`	`1,135`
`OutreachRadioTrailor`	`500`	`233`	`(733)`	`-`
`STEMProjectequipment`	`5,000`	`-`	`(5,000)`	`-`
`GrantinAid`	`-`	`75,505`	`(75,505)`	`-`
	`6,635`	`75,738`	`(81,238)`	`1,135`
	`1January`	`MovementsinYear`		`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`	`(82,655)`	`6,635`

`RELATEDPARTYTRANSACTIONS`	`RELATEDPARTYTRANSACTIONS`	`2023`	`2022`
		`£`	`£`
`a`	`TheCharity` `isrelated` `toTheRoyalSignalsMuseumTradingCompany`
	`Limited,itssubsidiary.`
	`Attheyearendtheamountreceivableamountedto`	`27,466`	`64,985`
	`Themovementinthisdebtconsistedoftheneteffectofbothreceiptsandpayments`
	`byeachCompanyonbehalfoftheother,andincluded:`
	`Provisionforslowmovingandredundantshopstock`	`-`	`-`
	`IncreasearisingfrominterestduefromtheTradingCompany`	`456`	`506`
	`CharitableDonationfromtheTradingCompany`	`-`	`-`
`b_`	`TheCharityisalsorelatedtotheRoyalSignalsCharity(anunincorporatedcharity)dueto`
	`theirrelatedobjectives andactivities.`
	`Attheyearendtheamountreceivableamountedto`	`124,256`	`121,786`
	`Duringtheyeargrantsreceivableamountedto`	`131,000`	`125,000`