Registered number 1169097
Royal Lancers Museum Trust
Report and Accounts
31 December 2024
Royal Lancers Museum Trust Registered number: 1169097 Report
Reference and Administrative Information
Charity Name Royal Lancers Museum Trust Charity Registration Number 1169097 Operation Address & Office Lieutenant Colonel (Ret'd) Nick Everard Home Headquarters The Royal Lancers Lancer House Prince William of Gloucester Barracks Grantham NG31 7TJ
Trustees as at 31 December 2024
Major David Pritchard Chairman Major John Sewell BEM Trustee Colin Hook Esq Trustee Lt Col Robin Davies Ex Officio Trustee Captain Paul Daly Trustee
Bankers
Royal Bank of Scotland Holts Military Banking 200 Fowler Avenue Fowler Business Park Farnborough Hampshire GU14 7JP
The Trustees present their report together with the accounts for the year ended 31 December 2024
Objectives and Policies: The Charity is a Charitable Incorporated Organisation governed by the rules adopted on 7 September 2016.
The objects of the CIO are:
To educate the public and members of the Regiment in the history and military accomplishments of the Regiment, or which further the objects of the CIO, and to promote military efficiency and encourage recruitment by public exhibition of the Collection in a Museum or Museums or such other public places as the Trustees may, from time to time, decide and to conserve, restore, repair, reconstruct and preserve objects in the Collection.
The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
Trustees: The Trustees must have, and accept, ultimate responsibility for directing the affairs of the Royal Lancers Museum Trust, and ensuring that it is solvent, well-run, and meeting the needs for which it has been set up. Additionally, Trustees should be appointed on the basis of their knowledge of the Regiment and the collection.
Trustees are recruited and appointed by the full board of Trustees. A record is made in the Minutes. Details of this process are laid down in the Governing Document. Any new Trustee is required to read the current Charity Commission's guidance covering the responsibilities of the Trustees, and on Public Benefit and are required to read and comply with the CIO document which each of them receives.
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Royal Lancers Museum Trust Registered number: 1169097 Report
Financial Review: The net receipts on the general fund amounted a surplus of £16,991 for the year.
Funding: The Trustees are satisfied that the Charity's funds are available and adequate to fulfil its obligations.
Statement of Trustees Responsibilities
The Trustees are required under the Charities Act 1993 to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of it's financial position at the end of the year (unless the Charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
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a) Select suitable accounting policies and apply them consistently
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b) Make judgements and estimates that are reasonable and prudent
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c) Follow applicable accounting standards and Charities SORP disclosing and explaining any departures in the accounts.
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d) Prepare the financial statements on an ongoing concern basis unless it is inappropriate to presume that the Charity will continue in operation.
Accounts
The Trustees are responsible for keeping accounting records which are such as to disclose with reasonable accuracy the financial position of the Charity at any time and to enable them as Trustees to ensure that the accounts comply with Charity Law. The Trustees are also responsible for safeguarding the Charity's assets and ensuring their proper application in accordance with Charity Law and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
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Royal Lancers Museum Trust Registered number: 1169097 Report
RLMT Report December 2024
Overview
We continue to have two museums, one in Derby operating under the Derby Museum and Arts Trust and the other at Thorseby operating under the management of the Royal Lancers and Nottinghamshire Yeomanry Museum Trust Limited.
Trustees
There are currently five trustees. The intended composition consists of a Chairman, one trustee from each half of our heritage plus one civilian with specific medals expertise, and the Commanding Officer (ex officio).
Chariman's Statement
The Royal Lancers Museum Trust has had a solid year of consolidation and conservation, and has made some notable acquisitions, including a valuable tunic worn by Bruce Shand, the Queen's father, a notable wartime Lancer officer. The threats we face - essentially connected to local authority funding difficulties - continue to be offset by MOD grant aid and support by the financial strength of our parent organisation the Royal Lancers Charitable Trust and mitigaged by the loyalty and commitment of our trustees, curators and volunteers to whom all credit is due.
D R Pritchard CHAIRMAN
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Royal Lancers Museum Trust Statement of Financial Activities for the year ended December 2024
| Army Museum OT RLCT - Grants & Loans Donations Grant Fund - LCC Interest Gift Aid V & A Museum Grant Insurance Claim Recognition Sundry Income Total Resources Accountancy Rationalisation Subscriptions Insurance Claim Honorarium Museum Staff Recognition Sundry Travel & Subsistence Consultancy Staff training & welfare Acquisiton of Exhibits Gallery Upkeep Grant In Aid Refund - AMOT Wages & Salaries Pension Wages & Salaries Total Resources Expended for the Year Net Incoming Resources for the Year Net Incoming Resources for the Year |
2024 £ 32,192 - 5,000 - 163 1,253 - 59,950 - 1,032 99,590 (432) (1,524) (1,184) (59,950) (3,000) - (3,614) (30) (2,023) (229) (7,497) (1,308) (18,219) (99,010) 580 580 |
2023 £ 38,646 - 5,000 1,583 22 1,259 312 - - - 46,822 (432) (1,326) (480) - - - (7,395) (290) (700) (8,720) (1,391) (17,529) (38,263) 8,559 8,559 |
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| Royal Lancers Museum Trust Registered number: Balance Sheet as at 31 December 2024 Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year Net resources Net resources Capital and reserves Net resources Capital and reserves |
1169097 2024 £ 16,991 (420) 16,571 16,571 16,571 16,571 |
2023 £ 16,410 (360) 16,050 16,050 21,276 21,276 |
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Major (Ret'd) David Pritchard Chairman
Lt Colonel (Retd) Nick Everard Trust Secretary
Approved by the Trustees 2 June 2025
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