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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|F||P|E|
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations
and legacies|||||46,188||46,188|536,493|
|Charitable
activities|||||||||
|Education
ofthe public||in history|and military||||||
|accomplishments|||||31,720|4,513|36,233|11,050|
|Other trading
activities|||||7,515||7,515|1,779|
|Investment
income|||||4,954||4,954|6,266|
|Other income|||||9,981||9,981|150|
|Total|||||100,358|4,513|104,871|555,738|
|EXPENDITURE ON|||||||||
|Raising funds|||||2,034||2,034|1,798|
|Charitable
activities|||||||||
|Education ofthe public||in history|and military||||||
|accomplishments|||||73,818|4,513|78,331|116,697|
|Total|||||75,852|4,513|80,365|118,495|
|Net gains/(losses)
on|investments|||||||~2.021)|
|NET INCOME|||||24,506||24,506|435,222|
|RECONCILIATION
OF||FUNDS|||||||
|Total funds brought|forward||||885,054||885,054|449,832|
|TOTAL FUNDS CARRIED FORWARD|||||909,560||909,560|885,054|
##
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##
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##
##
|DONATIO|NS
AND LEGACIES|||
|---|---|---|---|
|||2022|2021|
|||F|F|
|Donations||12,539|398,133|
|Donated|goods|800||
|Bequests|||360|
|Grants||32,849|138,000|
|||46,188|536,493|
|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|
##
##
##
|STAFF CO|STS|||
|---|---|---|---|
|||2022|2021|
|Salaries||54,963|61,966|
|Social security|||499|
|Pension contributions||96|598|
|||55,059|63,063|
|Number of|employees|||
|Equivalent|full time employees|||
##
##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||F|F|E|
|INCOME AND ENDOWMENTS||FROM||||
|Donations|and legacies||536,493||536,493|
|Charitable|activities|||||
|Education|ofthe public in history|and military||||
|accomplishments|||2,630|8,420|11,Q50|
|Other trading
activities|||1,779||1,779|
|Investment|income||6,266||6,266|
|Other income|||150||150|
##
||||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|
##
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##
##
##
|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|