2020-12-31-accounts

Trustees		Lieutenant Colonel J N Watt	Lieutenant Colonel J N Watt
		Major P BR Houghton
		Colonel S Fovargue MBE
		Mr P Bennison
		Mr P Taylor
		Colonel J KWright
		Colonel SMoss
		Mrs BThornton-Berry
		Captain R Neville
Charity number		1168426
Principal address		Regimental Headquarters
		Green Howards Museum
		Trinity Church Square
		Richmond
		North Yorkshire
		DL104QN
Independent	examiner	Deborah Fletcher-McVay	ACA
		Kenneth Easby Limited
		Chartered Accountants
		Oak House, Market Place
		Bedale
		North Yorkshire
		DL8 1AQ
Bankers		Holt's Military Banking
		The Royal Bank ofScotland
		Lawrie House
		31 - 37Victoria Road
		Farnborough
		GU14 7NR
Investment	advisors	Investec Wealth and Investment		Limited
		30 Gresham Street
		London
		EC2V 7QN

				Page
Trustees'	report			1-4
Independent examiner's			report
Statement	offinancial	activities
Balance sheet
Notes to	the financial	statements

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2020 f	2020	2020f	2019f	2019f	2019 f
Inco~~m:
Donations and legacies			2	31,137	14,635	45,772	45,807		45,807
Charitable activities			3	84,735	5,469	90,204	21,444	53,763	75,207
Other trading activities			4	49,720		49,720	97,916		97,916
Investments			5	53,771		53,771	70,229		70,229
Total income				219,363	20,104	239,467	235,396	53,763	289,159
Ex ' ure
Raising funds				36,916		36,916	48,272		48,272
Charitable activities			7	244,766	65,724	310,490	304,785	87,296	392,081
Total resources
expended				281,682	65,724	347,406	353,057	87,296	440,353
Net gains/(losses) investments		on		5,133		5,133	342,585		342,585
Net movement	in	funds		(57,186)	(45,620)	(102,806)	224,924	(33,533)	191,391
Fund balances	at 1
January 2020				3,585,470	745,581	4,331,051	3,360,546	779,114	4,139,660
Fund balances	at	31
December 2020				3,528,284	699,961	4,228,245	3,585,470	745,581	4,331,051

								2020	2019
					Notes
Fixed assets
Tangible assets					12			1,332,247		1,420,959
Investments					13			2,778,035		2,832,249
								4,110,282		4,253,208
Current assets
Stocks					14	17,412			18,684
Debtors					15	10,896			20,672
Cash at bank	and	in	hand			111,880			63,082
						140,188			102,438
Creditors: amounts			falling due within
one year					16	(22,225)			(24,595)
Net current assets								117,963		77,843
Total assets	less	current liabilities						4,228,245		4,331,051
Income funds
Restricted funds					17			699,961		745,581
Unrestricted	funds							3,528,284		3,585,470
								4,228,245		4,331,051
					hT		ir	&Qg/

Donations	and lega	cies
				unrestricted	Restricted	Total	Unrestricted
				funds	funds		funds
				2020	2020	2020	2019
				R	E		F
Donations	and gifts			31,137	14,635	45,772	45,807
Donations	and gifts
The Green	Howards	Regimental	Museum - Collen
Collins				15,000		15,000	20,000
General donations				16,137		16,137	25,807
Pledges to	medal purchases				14,635	14,635
				31,137	14,635	45,772	45,807

				2020	2019
				E	E
Performance related grants				90,204	75,207
Analysis	by fund
Unrestricted funds				84,735	21,444
Restricted funds				5,469	53,763
				90,204	75,207
Performance related grants
Heritage	Lottery Fund				34,149
Ministry	of Defence army museum		wages grant	22,174	21,444
Goldman	Sachs				16,614
Art Fund				1,515
Covid grants				62,561
Friends	ofThe Green Howards	Museum		3,954	3,000
Other
				90,204	75,207

4	Other trading	activities	activities
				unrestricted	Unrestricted
				funds	funds
				2020	2019
				F	E
	Admission charges		&shop sales	40,867	72,865
	AMOT consultancy			8,853	25,051
	Other trading	activities		49,720	97,916

5	Investm	ents
			Unrestricted	Unrestricted
			funds	funds
			2020	2019
				F
	Income	from listed investments	53,763	70,210
	Interest	receivable	8	19
			53,771	70,229
6	Raising	funds

				Unrestricted	Unrestricted
				funds	funds
				2020	2019
					F
Fund	' in	a	ubici
Other	fundraising		costs	3,156	4,592
~radincni~ss
Other	trading	activities		14,650	24,016
stme		ana	e	19,110	19,664
				36,916	48,272

Charitable activi	ties
				Unrestricted	Medal room		Museum	Art Fund	Weston	Friends of	Medal	Total	Total
				expensesproject (HLF p &Goldmail			Developme nt Fun/		Loan With Art Fun'	The Green Howardg	purchases E	2020 E	2019f
						Sachs)			Programme	Museum
Staff costs				142,457						3,953		147,364	166,965
Depreciation and	impairment			46,440		2,527	43,416		772	2,817		95,972	95,323
Security 8 insurance				23,206								23,206	27,352
Building maintenance				3,440								3,440	6,679
Museum enhancement				8,272				561			10,724	19,557	37,332
Stationery 8 computer		costs		7,442								7,442	4,856
Travel &subsistence				822								822	8,134
Legal and professional		costs		6,144								6,144	15,633
Bank charges				443								443	1,073
Subscription s				913								913	1,554
Sundry expenses				1,256								1,256	3,485
Training													306
Accountancy and	bookkeeping		costs	9,270								9,270	12,076
Non recoverable	VAT			(6,339)								(6,339)	2,749
Educational tools													6,764
				243,766		2,527	43,416	1,515	772	6,770	10,724	309,490	390,281
Grant funding of	activities (see		note 8)	1,000								1,000	1,800
				244,766		2,527	43,416	1,515	772	6,770	10,724	310,490	392,081

Charitable		activities								(Continued)
Analysis	by fund
Unrestricted		funds	244,766							244,766
Restricted		funds		2,527	43,416	1,515	772	6,770	10,724	65,724
			244,766	2,527	43,416	1,515	772	6,770	10,724	310,490
For the year ended 31December 2019
Unrestricted		funds	304,785							304,785
Restricted		funds		26,863	43,385		11,230	5,818		87,296
			304,785	26,863	43,385		11,230	5,818		392,081

Grants payable
		Unrestricted	Unrestricted
		expenses	expenses
		2020	2019
		E	f.
Grants to institutions:
Newcastle Gateshead	Initiative		300
D Day Museum Trust The Green Howards	Regimental	1,000	500 1,000
		1,000	1,800

Theaverage	monthly num	ber ofemployees	during the year was:
				2020	2019
				Number	Number
Museum
Employment	costs			2020f	2019
Wages and salaries Social security costs Other pension costs				135,752 7,132 4,480	151,679 10,832 4,454
				147,364	166,965

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			2020	2019
Revaluation	of	investments	132,047	314,213
Gain/(loss)	on	sale of investments	(126,914)	28,372
			5,133	342,585

12	Tangible fixed assets
			Freehold	Leasehold	Fixtures,	Computer	Total
			buildings	Improvements	fittings 8	equipment
					equipment
	Cost
	At 1 January 2020		20,000	1,047,874	591,811	11,437	1,671,122
	Additions			1,950	4,975	336	7,261
	At 31 December 2020		20,000	1,049,824	596,786	11,773	1,678,383
	Depreciation and Impairment
	At 1 January 2020			65,110	177,966	7,088	250,164
	Depreciation charged	in the year		21,834	70,214	3,924	95,972
	At 31 December 2020			86,944	248,180	11,012	346,136
	Carrying amount At 31 December 2020		20,000	962,880	348,606	761	1,332,247
	At 31 December 2019		20,000	982,764	413,846	4,349	1,420,959

Fixed asset investments
	Listed	Investment	Total
	investments	cash
	F
Cost or valuation
At 1 January 2020	2,809,163	23,086	2,832,249
Additions	381,087	58,687	439,774
Valuation changes	132,047		132,047
Disposals	(626,035)		(626,035)
At 31 December 2020	2,696,262	81,773	2,778,035
Carrying amount
At 31 December 2020	2,696,262	81,773	2,778,035
At 31 December 2019	2,809,163	23,086	2,832,249

14	Stocks
				2020	2019f
	Finished goods and goods for resale			17,412	18,684
15	Debtors
	Amounts falling due		within one year:	2020f	2019f
	Prepayments	and accrued income		10,896	20,672
16	Creditors: amounts		falling due within one year
				2020	2019
				E
	Other taxation	and social security		2,121	6,303
	Trade creditors			1,859	7,903
	Accruals and	deferred	income	18,245	10,389
				22,225	24,595

					Movement	in funds			Movement	in funds
				Balance at	Incoming	Resources	Balance at		Incoming	Resources	Balance at
				1 January 2019	resources	expended1	January	2020	resources	expended	31 December
											2020
Museum	Development fund			732,926		(43,385)	689,541			(43,416)	646,125
Normandy	Memorial	fund		18,976			18,976				18,976
Weston Loan with Art Fund Programme				19,641		(11,230)		8,411		(772)	7,639
Friends ofthe Green		Howards	Museum	5,633	3,000	(5,818)		2,815	3,954	(6,769)
AIM Fund	8 AMOT Conservation			1,938				1,938			1,938
Medal Room Project		- HLF			34,149	(10,480)	23,669			(2,528)	21,141
Medal Room Project		- Goldman	Sachs		16,614	(16,383)		231			231
Arts Fund									1,515	(1,515)
Medal purchases									14,635	(10,724)	3,911
				779,114	53,763	(87,296)	745,581		20,104	(65,724)	699,961

Analysis ofnet assets between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
				F		E
Fund balances at 31 December 2020 are represented	by:
Tangible assets		737,568	594,679	1,332,247	778,310	642,649	1,420,959
Investments		2,778,035		2,778,035	2,832,249		2,832,249
Current assets/(liabilities)		12,681	105,282	117,963	(25,089)	102,932	77,843
		3,528,284	699,961	4,228,245	3,585,470	745,581	4,331,051

19	Related party transactions	Related party transactions
	Remuneration	ofkey management	personnel
	The remuneration	of key management	personnel	is as follows.

2020	2019
F
48,212	53,388