2022-03-31-accounts - The Royal Welsh Regimental Museum Trust

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Grants	received, in	cluded in the abov	e, are as follows:
				2022	2021
				F
Powys	County Council - Covid-19 Business Support grant				45,000
Welsh	Government	-Wales Cultural	Recovery Fund	32,849	83,000
Welsh	Government	- Resilience grant	(see note below)		10,000
				32,849	138,000

Libraries Division;	and the Federatio	and the Federatio	and the Federatio	n o	fMus	eums and Art Galleries ofW	ales.
OTHER TRADING	ACTIVITIES
							2022 E	2021f
Shop sales							5,515	1,699
Recharge ofpostage,		photocopying		and	medal ribbon etc.			80
Internship Income							2,000
							7,515	1,779
INVESTMENT INCOME
							2022	2021
							F	F
Investment income								664
Deposit account interest							519	1,002
Interest receivable	- loan						4,435	4,600
							4,954	6,266
INCOME FROM CHARITABLE ACTIVITIES
							2022	2021
Museum operation	- admission receipts						31,720	2,630
Grants							4,513	8,420
							36,233	11,050
Grants received, included			in the above, are as follows:
							2022	2021
								P
Army Museums Ogilby		Trust					2,713
AIM								135
The Friends ofThe	Royal		Welsh Regimental			Museum		1,704
Federation ofMuseums		and Art Galleries ofWales						700
The National Manuscripts			Conservation		Trust			4,681
Waterloo 200 Ltd -	The	Maker Revolution			Project		1,800	1,200
							4,513	8,420

7.	RAISING	FUNDS	FUNDS
	Raising donations			and	legacies
								2022	2021
								E
	Shop expenditure							1,522	1,613
	Museum	event expenses						284	59
								1,806	1,672
	Investment		management		costs
								2022	2021
									E
	Investment		management		fees			228	126
	Aggregate	amounts						2,034	1,798
8.	CHARITABLE ACTIVITIES COSTS
							Direct	Support
							Costs (see	costs (see
							note 9)	note 10)	Totals
								F	F
	Education	ofthe public in history and
	military accomplishments						66,075	12,256	78,331
9.	DIRECT COSTS OF			CHARITABLE ACTIVITIES
								2022	2021
								E	E
	Staff costs							55,059	63,063
	Insurance							2,525	3,509
	Education							69	486
	Collection	management							10,946
	Postage and		stationery					113	188
	Advertising							196
	Sundries							29	722
	Website and		internet					677	1,205
	Repairs and		renewals					142	15
	Bank and	credit card		charges				1,312	1,191
	Computer	expenses						1,390	795
	Telephone							111	70
	Fixed asset		depreciation		IAmortisation	charges		4,038	4,050
	Subscriptions							414	365
								66,075	86,605

SUPPORT COSTS
				Governance
			Other	costs	Totals
			F		f
Education ofthe public		in history and military
accomplishments			2,374	9,882	12,256
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting):
				2022 F	2021f
Depreciation -owned assets				3,401	3,338
Deficit on disposal offixed assets				2,374
Website development	costs amortisation			637	712
independent examiners		fees		2,400	2,300

			Unrestricted	Restricted	Total
			funds	funds	funds
			F
	Total		547,318	8,420	555,738
	EXPENDITURE ON
	Raising funds		1,798		1,798
	Charitable activities
	Education ofthe public in history and military
	accomplishments		94,981	21,716	116,697
	Total		96,779	21,716	118,495
	Net gains/(losses) on investments		~2,021)		~2,021)
	NET INCOME/(EXPENDITURE)		448,518	(13,296)	435,222
	Transfers between	funds	1,?04	~1,704)
	Net movement in funds		450,222	(15,000)	435,222
	RECONCILIATION	OF FUNDS
	Total funds brought forward		434,832	15,000	449,832
	TOTAL FUNDS CARRIED FORWARD		885,054		885,054
15.	INTANGIBLE FIXEDASSETS
					Website
					development
					costs
					E
	COST
	At 1 April 2021				3,560
	Additions				3,000
	Disposals				~3,560)
	At 31 March 2022				3,000
	AMORTISATION
	At 1 April 2021				949
	Charge for year				637
	Eliminated on disposal				~1,186)
	At 31 March 2022				400
	NET BOOK VALUE
	At 31 March 2022				2,600
	At 31 March 2021				2,611

					Listed
					investments
					F
	MARKET VALUE
	At 1 April 2021 Disposals				28,346 ~228)
	At 31 March	2022			28,118
	NET BOOK VALUE
	At 31 March	2022			28,118
	At 31 March	2021			28,346
	There were no investment		assets outside the UK.
	Analysis ofinvestments between funds:
				2022	2021
					f
	UK cash held	as part of portfolio		28,118	28,346
				28,118	28,346
19.	STOCKS
				2022	2021
					F
	Stocks			8,430	7,630
20.	DEBTORS
				2022	2021
				F	f
	Amounts falling due within		one year:
	Trade debtors			3,961	3,985
	Other debtors			20	520
	Other loans			3,625	3,565
	Prepayments	and accrued	income	463	4,014
				8,069	12,084
	Amounts falling due after		more than one year:
	Other loans			258,970	262,595
	Aggregate amounts			267,039	274,679

21.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR	FALLING DUE WITHIN ONE YEAR
							2022	2021
	Trade creditors						3,000	11,752
	Accruals and deferred	income					2,500	2,788
							5,500	14,540
22.	MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
					At 1/4/21	in funds	funds	31/3/22
							E	f.
	Unrestricted funds
	General fund				27,239	24,109	71,176	122,524
	Designated fund - Future museum			move or
	renovation				500,000			500,000
	Designated fund - Fixed assets fund				26,655	(4,038)	1,824	24,441
	Designated fund - Loan	to	sister museum		266,160	4,435	(8,000)	262,595
	Designated fund - policy reserve			2 years	40,000		(40,000)
	Designated fund - COVID		support		25,000		~25,000)
					885,054	24,506		909,560
	TOTAL FUNDS				885,054	24,506		909,560
	Net movement in funds,	induded		in the above are as follows:
						incoming	Resources	Movement
						resources	expended	in funds f
	Unrestricted funds
	General fund					95,923	(71,814)	24,109
	Designated fund - Fixed assets fund						(4,038)	(4,038)
	Designated fund - Loan	to	sister museum			4,435		4,435
						100,358	(75,852)	24,506
	Restricted funds
	Maker Revolution Project Museum Staff Fund					1,800 2,713	(1,800) ~2,713)
						4,513	~4,51 3)
	TOTAL FUNDS					104,871	~60.365)	24,506

							Net	Transfers
							movement	between	At
						At 1/4/20	in funds	funds	31/3/21
						F		E	F
Unrestricted	funds
General fund						434,832	448,518	(856,111)	27,239
Designated	fund	- Future museum			move or
renovation								500,000	500,000
Designated	fund	- Fixed assets fund						26,655	26,655
Designated	fund	- Loan to		sister museum				266,160	266,160
Designated	fund	- policy reserve 2			years			40,000	40,000
Designated	fund	- COVID support						25,000	25,000
						434,832	448,518	1,704	885,054
Restricted funds
Museum development Collections			fund			15,000	(15,000) 1,704	~1.704)
						15,000	~13,296	~1.704)
TOTAL FUNDS						449,832	435,222		885,054
Comparative	net movement			in funds, included		in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						F	F
Unrestricted	funds
General fund						547,318	(96,779)	(2,021)	448,518
Restricted funds
Museum development			fund				(15,000)		(15,000)
Museum operations						135	(135)
Collections						1,704			1,704
The Conservation		of	the 41st Regiment's
early archive						4,681	(4,681)
Maker Revolution		Project				1,200	(1,200)
Welsh Museum		Festival - Victorian			life and
soldiers						700	~700)
						8,420	~21,716		~13.296)
TOTAL FUNDS						555,738	i)16,495)	~2,021)	435,222

Name ofrelated party	Transaction		2022 F	2021f
Firing Line Limited	Bookkeeping	and payroll
	costs			3,200
	Loan interest	receivable	4,435	4,600
The Friends ofthe Royal Welsh Regimental	Grant received			1,704
Museum
	Donated goods		800
Name ofrelated party	Nature ofbalance		2022	2021
			F
Firing Line Limited	Loan debtor		262,595	266,160

							2022	2021
							F
Financial	assets
Financial	assets measured		at fair value through		SOFA		28,118	28,346
Financial	assets that are debt instruments			measured		at amortised cost	862,038	840,579
							890,156	868,925
Financial	liabilities
Financial	liabilities	measured	at amortised	cost			5,500	14,540