2023-03-31-accounts

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	E			F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				407,238		407,238	46,188
Charitable activities
Education ofthe public	in history	and military
accomplishments				23,091	11,058	34,149	36,233
Other trading activities				10,827		10,827	7,515
Investment income				8,183		8,183	4,954
Other income				20,767		20,767	9,981
Total				470,106	11,058	481,184	104871
EXPENDITURE ON
Raising funds				3,995		3,995	2,034
Charitable activities
Education ofthe public	in history	and military
accomplishments				74,263	11,058	85,321	78,331
Total				78,258	11,058	89,316	80,365
Net gains on investments				6,791		6,791
NET INCOME				398,639		398,639	24,506
RECONCILIATION OF	FUNDS
Total funds brought forward				909,560		909,560	885,054
TOTAL FUNDS CARRIED FORWARD				1,308,199		1,308,199	909,560

4.	OTHER	TRADING	TRADING	TRADING	ACTIVITIES	ACTIVITIES
								2023 F	2022f
	Shop sales							10,827	5,515
	Internship	Income							2 000
								10,827	7,515
5.	INVESTMENT INCOME
								2023	2022
								F	f,
	Dividend	income						1,529
	Deposit account			interest				1,539	519
	Interest receivable				- loan			5,115	4,435
								8,183	4,954
6.	INCOME	FROM		CHARITABLE ACTIVITIES
								2023	2022
								F	F
	Museum	operation			- admission receipts			23,091	31,720
	Grants							11,058	4,513
								34,149	36,233
	Grants received,			included		in the above, are as follows:
								2023 f	2022f
	Army Museums		Ogilby Trust					11,058	2,713
	Waterloo	200 Ltd		-	The Maker Revolution		Project		1,800
								11,058	4,513
7.	RAISING	FUNDS
	Raising donations				and	legacies
								2023	2022
								f	F
	Shop expenditure							1,650	1,522
	Museum	event expenses						33	284
	Bad debts							816
								2499	1,806

7.	RAISING FUNDS - continued
	Investment management				costs
								2023	2022f
	Investment management			fees				1,496	228
	Aggregate amounts							3,995	2,034
8.	CHARITABLE ACTIVITIES COSTS
						Direct		Support
						Costs	(see	costs (see
						note	9)	note 10)	Totals
								F
	Education ofthe public		in	history and
	military accomplishments					79,053		6,268	85,321
9.	DIRECT COSTS OF CHARITABLE ACTIVITIES
								2023	2022
								F	F
	Staff costs							65,771	55,059
	Insurance							3,172	2,525
	Education							463	69
	Collection management							2,185
	Postage and stationery							281	113
	Advertising							795	196
	Sundries							636	29
	Website and internet							1,010	677
	Repairs and renewals							148	142
	Bank and credit card charges							620	1,312
	Computer expenses							160	1,390
	Telephone								111
	Depreciation							3,492	4,038
	Subscriptions							320	414
								79,053	66,075
10.	SUPPORT COSTS
								Governance
						Finance		costs	Totals
						F			F
	Education ofthe public		in	history and military
	accomplishments						63	6,205	6,268
11.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)			is	stated after charging/(crediting):
								2023	2022
									F
	Depreciation -owned assets							2,892	3,401
	Deficit on disposal offixed			assets					2,374
	Website development	costs			amortisation			600	637
	Independent examiners		fees					1,940	2,400

STAFF CO	STS
		2023	2022
		f	E
Salaries		65,117	54,963
Social security
Pension contributions		654	96
		65,771	55.059
Number of	employees
Equivalent	full time employees

				Unrestricted	Restricted	Total
				funds	funds	funds
						F
INCOME AND ENDOWNIENTS			FROIN
Donations and legacies				46,188		46,188
Charitable activities
Education ofthe public		in history	and military
accomplishments				31,720	4,513	36,233
Other trading activities				7,515		7,515
Investment income				4,954		4,954
Other income				9,981		9,981
Total				100,358	4,513	104,871
EXPENDITURE ON
Raising funds				2,034		2,034
Charitable activities
Education ofthe public		in history	and military
accomplishments				73,818	4,513	78,331
Total				75,852	4,513	80,365
NET INCOME				24,506		24,506
RECONCILIATION	OF	FUNDS
Total funds brought	forward			885,054		885,054

14.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL	ACTIVITIES - continued
			Unrestricted	Restricted		Total
			funds	funds		funds
			E
	TOTAL FUNDS CARRIED FORWARD		909,560			909,560
15.	INTANGIBLE FIXEDASSETS
						Website
						development
						costs
						F
	COST
	At 1 April 2022 and	31 March 2023				3,000
	AMORTISATION
	At 1 April 2022					400
	Charge for year					600
	At 31 March 2023					1 000
	NET BOOK VALUE
	At 31 March 2023					2,000
	At 31 March 2022					2,600
16.	TANGIBLE FIXED	ASSETS
			Fixtures
		Freehold	and	Computer
		property	fittings	equipment		Totals
		f.		F
	COST
	At 1 April 2022		31,889	3,169		35,058
	Additions	390,000				390,000
	At 31 March 2023	390000	31 889	3	169	425,058
	DEPRECIATION
	At 1 April 2022		28,626		444	29,070
	Charge for year	650	1,925		317	2,892
	At 31 March 2023	650	30551		761	31,962
	NET BOOK VALUE
	At 31 March 2023	389,350	1,338	2,408		393,096
	At 31 March 2022		3,263	2,725		5,988

HERITAGE ASSETS
	Total
	F
MARKET VALUE
At 1 April 2022 and 31 March 2023	15,853
NET BOOK VALUE
At 31 March 2023	15,853
At 31 March 2022	15,853

FIXEDASSET INVESTMENTS
		Listed
		investments
		F
MARKET VALUE
At 1 April 2022		28,118
Additions		440,152
Disposals		(42,474)
Revaluations		8,326
At 31 March 2023		434,122
NET BOOK VALUE
At 31 March 2023		434,122
At 31 March 2022		28,118
	2023	2022
	F
UK bonds and equities	100,639
Overseas equities	239,961
Other investments	87,609
UK cash held as part of portfolio	5,913	28,118
	434,122	28,118

19.	STOCKS
									2023		2022
											E
	Stocks								14,493		8,430
20.	DEBTORS
									2023		2022
	Amounts falling due within one year:
	Trade debtors								6,749		3,961
	Other debtors								442		20
	Otherloans								3,685		3,625
	Prepayments		and accrued income						362		463
									11,238		8,069
	Amounts falling due after				more than one year:
	Other loans								255,285		258,970
	Aggregate amounts								266,523		267,039
21.	CREDITORS:		AMOUNTS		FALLING DUE WITHIN		ONE YEAR
									2023		2022
											E
	Trade creditors								456		3,000
	Other creditors								127
	Accruals and	deferred		income					2,500		2,500
									3,083		5,500
22.	MOVEMENT	IN FUNDS
								Net	Transfers
								movement	between		At
							At 1/4/22	in funds	funds		31/3/23
							F	F	F		F
	Unrestricted	funds
	General fund						122,524	397,106	8,000		527,630
	Designated fund - Future museum					move or
	renovation						500,000				500,000
	Designated fund - Fixed assets fund Designated fund - Loan to sister museum						24,441 262,595	(2,842) 4,375	~8,000)		21,599 258,970
							909,560	398,639		1,308,199
	TOTAL FUNDS						909,560	398639		1	3D8,199

Net movem	ent	in funds, in	cluded	in	the above	are as follows:
						Incoming	Resources	Gains and	Movement
						resources f	expended f	losses f	in funds f
Unrestricted funds
General fund						465,731	(75,416)	6,791	397,106
Designated	fund - Fixed assets			fund			(2,842)		(2,842)
Designated	fund - Loan to		sister museum			4,375			4,375
						470, 106	(78,258)	6,791	398,639
Restricted	funds
Museum Staff Fund						11,058	(11,058)
TOTAL FUNDS						481 164	~89.316)	6,791	398,639
Comparatives		for movement in funds
							Net	Transfers
							movement	between	At
						At 1/4/21 f	in funds f	funds f	31/3/22
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		9D9.560
Comparative	net movement		in funds,		included	in the above are as follows:
							Incoming	Resources	Movement
							resources f	expended f	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		4435
							100,358	(75,852)	24,506
Restricted funds
Maker Revolution Project Museum Staff Fund							1,800 2,713	(1,800) ~2,713)
							4,513	~4,513)
TOTAL FUNDS							104,871	~8D,365)	24.506

Name of related	party			Relationship	Relationship
Firing Line Limited				Trustees	in common
The Friends ofthe Royal Welsh Regimental		Museum		Trustees	in common
Name ofrelated	party		Transaction			2023 f	2022
Firing Line Limited			Loan interest	receivable		4,375	4,435
The Friends ofthe Royal Welsh Regimental
Museum			Grant received			3,502	800
Name of related party			Nature of balance			2023	2022f
Firing Line Limited			Loan debtor			258,970	262,595

							2023	2022
							F	f
Financial	assets
Financial	assets measured	at fair value through		SOFA			434,122	28,118
Financial	assets that are debt instruments		measured		at amortised	cost	465,849	862,038
							899,971	890,156
Financial	liabilities
Financial	liabilities measured	at amortised	cost				2,803	5500