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|||||||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|
##
##
##
##
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##
##
##
##
##
##
##
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##
##
##
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##
|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|