OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← The Gurkha Museum Trust

2023-12-31-accounts

==> picture [100 x 25] intentionally omitted <==

Page
Report ofthe Trustees
Independent
Examiner's
Report		 3
19
Statement of Financial Activities 21
Balance Sheet 22
Cash Flow Statement 24
Notes to the Cash Flow Statement 25
Notes to the Financial Statements 26
Detailed Statement
of Financial Activities		 37

Movement
on Reserves
31 Dec 23 31 Dec 22
f
General Reserve 429,833 440,111
The movement
in the year is represented
by Net Income
off140,812Less E154,419transferred
to the
Development
Reserve and f3,329transferred
from		 the
fixed asset reserve.
Investment
Reserve		 1 000000 1000000
There has been no movement
during the year
Development
Reserve		 341,280 149,747
Grants and Donations
received amounted
to 2212,322
including
Brigade ofGurkhas 2164,156, National
Lottery
Heritage
Fund F25,666, Kai Tak Ball E22,500. In addition,
f128,522 (net of investment
loss) was transferred
from
the Friends'
Fund (see below). Charges to the reserve of
f148,655 comprise 294,262 ofcapital additions
and
f54,393consulting
and related work in connection
with
Project Kaida.
Fixed Asset Reserve 90,934 0
Fixed Asset Reserve comprises f94,262 ofcapital
additions
related to Kaida less depreciation
ofE3,328.
Friends'
Fund		 131,705
Historically
the Friends'
Fund has been designated		 by
Trustees for the specific purpose of replenishing
the
Museum's
displays
and archives.
During the year the
Trustees approved
the transfer ofthis fund to the
Development
Reserve.
Restricted reserve
The Museum
credited grants from National
Lottery
Heritage
Fund of825,666 1n relation to the development
phase ofKaida and [f33,652] as contribution
to its
incremental
ongoing costs (Full Cost Recovery). All
related expenditure
was incurred
in the year and so		 there
is no balance on this reserve as at 31stDecember 2023.

==> picture [62 x 10] intentionally omitted <==

==> picture [156 x 20] intentionally omitted <==

for the Year Ended 31 stD ec ember 2023
2023 2022
Total Total
Notes funds
f		 fundsf
INCOME AND ENDOWMENTS
Donations
and legacies		 FROM 2 73,351 54,138
Charitable
activities
Grants received		 331,483 203,456
Other trading activities
Gurkha
Museum
Enterprises
Investment
income		 trading '
3
activities 3
4		 74,899
64,856
32,229		 128,930
28,994
Total 576818 415518
EXPENDITURE ON
Charitable
activities
Support services
Trading costs
Gurkha
Museum
Enterprises		 trading costs 454,280
48,776
17,158		 464,292
61,903
Total 520,214 526,195
Net gains/(losses)
on investments		 84 2DD J2D5 607)
NET INCOME/(EXPENDITURE) 140 812 (316284)
RECONCILIATION
OF FUNDS
Total funds
brought
forward		 1,721,234 2,037,518
TOTAL FUNDS CARRIED FORWARD 1 862 046 1,721 254
2023 2022
Total Total
funds funds
Notes E
FIXEDASSETS
Tangible assets
Investments		 10
11		 144,520
~1465,874		 53,220
~1555950
1,610,394 1,609,170
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand		 12
13		 25,9'lo
91,884
~165969		 29,450
39,357
~51 298
283,743 120,105
CREDITORS
Amounts
falling due within one year		 14 (32,091) {8,041)
NET CURRENT ASSETS ~251 652
TOTAL ASSETSLESSCURRENT
UABIUTIES		 1,862,046 1,721,234
NETASSETS ~1862046 1721,2S4
FUNDS 15
Unrestrhded
funds
General fund
Investments
Friends ofthe Museum
Development
fund
Fixed Asset Reserve		 423,322
1,000,000
347,790
~90 934		 440,111
'l,000,000
131,375
149,748
TOTALFUNDS ~1,862048 ~1,721234

2023 2022
Total Total
funds funds
Notes
FIXEDASSETS
Tangible assets
Investments		 10
11		 144,520
1~465874		 53,220
1 5~55950
1.810.394 1,809,170
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand		 12
13		 87,817
~133100		 29,450
39,357
~51 298
220,917 120,105
CREDITORS
Amounts
falling due within one year		 14 (16,983) (8,041)
NET CURRENT ASSETS 203g54 112084
TOTAL ASSETSLESSCURREltT
LIASILITIES		 1,814,348 1,721,234
NETASSETS ~1814348 ~1721,234
FUNDS 18
Unrestricted
funds
General fund
Investments
Friends ofibe Museum
Devektpment
fund
Fixed Asset Reserve		 375,624
1,000,000
347,790
~90 934		 440,111
1,000,000
131,375
149,748
TOTAL FUNDS ~1814348 ~1721 234

==> picture [37 x 9] intentionally omitted <==

Consolidated
Cash Flow State
for the Year Ended 31stDece		 m
m		 ent
ber 2023
2023 2022
Notes
Cash flows from operating
activities
Cash generated
from operations		 40,694
Net cash provided
by/(used
in) operating		 activities 40,694
Cash flows from investing
activities
Purchase oftangible fixed assets
Purchase offixed asset investments
Sale offixed asset investments		 (95,466)
(30,759)
200,202		 (45,883)
(28,830)
93,793
Net cash provided
by investing
activities		 I
73977		 19,080
Change
in cash and cash equivalents
the reporting
period		 in 114,671 (117,330)
Cash and cash equivalents
at the
beginning
ofthe reporting
period		 51,298 168,628
Cash and cash equivalents
at the end
the reporting
period		 of 165,969 51,298

RECONCILIATION
OF NET INCOME/(EXPE
ACTIVITIES		 NDITURE)
TO NET CAS		 H FLOW FROM OPERATING
2023
f		 2022
f
Net income/(expenditure)
for the reporting
Statement of Financial Activities)		 period (as per the 140,812 (316,284)
Adjustments
for:
Depreciation
charges
(Gain)/losses
on investments
Realised (Gains)/Losses
on investments
Decrease/(increase)
in stocks
Increase
in debtors
Increase
in creditors		 4,166
(84,208)
4,841
3,540
(45,566)
17,109		 2,464
205,607
6,207
(5,970)
(14,933)
j13,501)
Net cash provided
by/(used
in) operations		 40,694 (136,410)

ANALYSIS OF C HANGES
IN NET FUND		 S
At 1.1.23 Cash flow At 31.12.23
E E
Net cash
Cash at bank and		 in hand 51,298 114,671 165,969
51,298 114,671 165,969
Total 51,298 114,671 165,969

DONATIONS AND LEGACI ES
2023 2022
Group Group
K 6
Donations 59,318 24,586
Gift aid
Legacies
Friends Subscriptions		 2,145
11,888		 752
19,707
9,093
73,351 54,138
OTHER TRADING ACTIVITIES
2023 2022
Group
6		 Group
6
Admissions
Shop income
Lectures
Bar Sales
Gallery
Hire
Archive
&Research		 18,243
11,264
16,822
2,700
11,383
6,487		 14,231
58,170
14,088
5,180
28,876
6,308
Burma Book Project
Other income		 8,000 2,077
Gurkha
Museum
Enterprises		 trading activities 64,856
139,755 128,930

2023 2022
Group Group
E
Dividends
and interest		 32,229 28,994
INCOME FROM CHARITABLE ACTIVITIES 2023 2022
Group Group
Grants Activity
Grants received		 8
331,483		 8
203,456
Grants received, included in the above, are as follows: 2023 2022
Group Group
F
Other grants
Salary grant
HQBG grant		 in aid 229,580
51,903
50,000		 114,457
38,999
50,000
331,483 203,456

Support
Direct costs (see
Costs
6		 note 7)
f		 Totals
f
Support
Trading
Gurkha		 services
costs
Museum		 Enterprises trading costs 393,804
48,776
17,158		 60,476 454,280
48,776
17,158
459,738 60,476 520,214

for the ye ar ended 31st December 2022.
Trustees' expenses 2023 2022
Group Group
6 F
Trustees' expenses 3,989 4,601

STAFF COSTS (GROUP)
2023 2022
Group Group
6
Wages and salaries
Social securiiy costs
Pension costs		 258,075
19,762
11,372		 240,083
19,612
11,233
289,209 270,928
as follows:
2023 2022
Group Group
9 g

TANGIBLE FIXEDASSETS(GROUP &CHARITY )
Fixtures
and Computer
fittings
f		 equipment
f		 Totals
COST
At 1st January 2023
Additions		 68,640
95,466		 10,647 79,287
95,466
At 31st December 2023 164,106 10,647 174,753
DEPRECIATION
At 1st January 2023
Charge for year		 23,938
3,101		 2,129
1,065		 26,067
4,166
At 31stDecember 2023 27,039 3,194 30,233
NET BOOK VALUE
At 31st December 2023		 137,067 7,453 144,520
At 31st December 2022 44,702 8,518 53,220
FIXEDASSET INVESTMENTS (GROUP)
Cash and
Listed settlements
investments
f.		 pending
f		 Totals
f
MARKET VALUE
At 1stJanuary 2023
Additions		 1,447,309
27,737		 108,641
3,022		 1,555,950
30,759
Disposals
Revaluations		 (155,043)
84,208		 (50,000) (205,043)
84,208
At 31st December 2023 1,404,211 61 663 1,465,874
NET BOOK VALUE
At 31st December 2023		 1 404 211 61,663 1,465,874
At 31st December 2022 1,447 3D9 108,641 1.555,95D

Cost or valuation
at 31stDecember 2023 is		 represente d by:
Cash and
Listed settlements
investments
E		 pending
f		 Totals
E
Valuation
in 2023		 1,4D4,211 ~61 663 1 465,874
FIXEDASSET INVESTMENTS (CHARITY)
Shares in Cash and
gi'oup Listed settlements
undertakings investments pending
Totals
E E
MARKET VALUE
At 1"January 2023
Additions		 100 1,447,309
27,737		 108,641
3,022		 1,555,950
30,859
Disposals
Revaluations		 (155,043)
84,208		 (50,000) (205,043)
84,208
At31"December 2023 100 ~316284 61,663 1 465974
NET BOOK VALUE
At 31"December 2023		 100 1,404,211 61,663 1,465,974
At31"December 2022 1 447,3DD 108641 1 555,950

Gurkha Mu seum
En		 terprises
Limited
Nature of business: GiR shop
Class ofshares % holding
Ordinary 100.00
2023 2022
6 6
Aggregate
Turnover
Profit/(loss)		 capital and reserves
for the year		 100
64,856
~47698

STOCKS
2023 2023 2022 2022
Group
f		 Charity Group Charity
E
Stocks 25,910 29,450 29,450
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023 2022 2022
Group
f.		 Charity
f		 Group Charity
f
Trade debtors
Other debtors		 4,005
70		 424
70		 3,296
70		 3,296
70
VAT
Prepayments		 and accrued income 31,380
56,409		 31,380
55,943		 35,991 35,991
91,S64 S7,S17 39,357 39,357
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2023 2022 2022
Group
f		 Charity
f.		 Group
f		 Charity
f
Trade creditors
Taxation and social security
Other creditors		 10,921
18,050
3,120		 2,734
11,109
3,120		 3,350
1,781
2,910		 3,350
1,781
2,910
32,091 16,963 8,041 8,041

MOVEMENT
IN FUNDS (GRO		 UP) -continued
Nei Transfers
movement between At
At 1.1.23
f		 in funds
f		 funds
f		 31.12.23
f
Unrestricted
funds
General fund
Investments		 440,111
1,000,000		 (16,789) 423,322
1,000,000
Friends ofthe Museum
Development
fund
Fixed Asset Reserve		 131,375
149,748		 157,601 (131,375)
40,441
90934		 347,790
90,934
TOTAL FUNDS 1,721,234 140812 1.862 046
Net movement in funds, included in the above are as follo ws:
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses
f		 in funds
Unrestricted funds
General fund 364,496 (465,493) 84,208 (16,789)
Development fund 212,322 ~54,721) 157,601
TOTAL FUNDS 576,818 (520,214) 84,208 140,812

Comparatives for movement
in		 funds (Group)
Net Transfers
movement between At
At 1.1.22
f		 in funds
f		 funds 31.12.22
f
Unrestricted
General fund		 funds 699,432 (305,203) 45,882 440,111
Investments
Friends of the Museum
Designated
fund		 1,000,000
131,375
206,711		 (11,081) (45,882) 1,000,000
131,375
149,748
TOTAL FUNDS 2,037.818 ~3162847 - 1,721 234

Comparative net movement
in funds,
inc		 luded
in the above		 are as follows:
Incoming Resources Gains and Movement
resources
6		 expended
K		 losses
f		 in funds
f
Unrestricted funds
General fund 299,158 (425,438) (178,923) (305,203)
Development fund 116,360 (100,757) ~26,684) ~11,081)
415,518 (526,195) (205,607) (316,284)
TOTAL FUNDS 415,518 (526,195) (205,607) (316,284)
16. MOVEMENT IN FUNDS (CHARITY)
Net Transfers
movement between At
At 1.1.23
6		 in funds
f		 funds 31.12.23
F
Unrestricted funds
General fund
Investments		 440,111
1,000,000		 (16,789) 423,322
1,000,000
Friends ofthe Museum 131,375 (131,375)
Development
fund
Fixed Asset Reserve		 149,748 157,801 40,441
90,934		 347,790
90,934
TOTAL FUNDS 1,721 264 146,812 1,862,846
Net movement in funds,
included		 in the above are as follo ws:
Incoming Resources Gains and Movement
resources expended losses in funds
F
Unrestricted funds
General fund 364,496 (465,493) 84,208 (16,789)
Development fund 212,322 ~54,721) 157,601
TOTAL FUNDS 576,8'I8 (520,214) 84,208 140,812

Comparatives for movement
in		 funds (Charity)
Net Transfers
movement between At
At 1.1.22 in funds funds 31.12.22
E
Unrestricted funds
General fund
Investments
Friends ofthe		 Museum 699,432
1,000,000
131,375		 (305,203) 45,882 440,111
1,000,000
131,375
Designated
fund		 206,711 (11,081) (45,882) 149,748
TOTAL FUNDS 2837 818 ~3182847 . 1 721,234
Comparative net movement
in fu		 nds, included
in the above		 are as follows :
Incoming Resources Gains and Movement
resources
f		 expended
f		 losses in funds
6
Unrestricted funds
General fund
Development		 fund 299,158
116,360		 (425,438)
(100,757)		 (178,923)
~26,684)		 (305,203)
~11,081)
415,518 (526,195) (205,607) (316,284)

2023 2022
Group Groupf
INCOME AND ENDOWMENTS
Donations
and legacies
Donations		 59,318 24,586
Gift aid
Legacies
Friends Subscriptions		 2,145
11,888		 752
19,707
9,093
73,351 54,138
Other trading activities
Admissions		 18,243 14,231
Shop income
Lectures		 11,264
16,822		 58,170
14,088
BarSales
Gallery
Hire
Archive
&Research		 2,700
11,383
6,487		 5,180
28,876
6,308
Burma Book Project
Other income		 8,000 2,077
Gurkha
Museum
Enterprises		 trading activities 64,856
139,755 128,930
Investment
income
Dividends
and interest		 32,229 28,994
Charitable activities
Grants 331,483 203,456
Total incoming resources 576,818 415,518
EXPENDITURE
Charitable activities
Support Services
Trading costs
Gurkha
Museum
Enterprises		 trading costs 393,804
48,776
17,158		 390,470
61,903
459,738 452,373
Support costs
Governance costs
Trustees' expenses
Office and Administration		 3,989 4,601
14,656
Friends AGM 1,630 1,180
Proportion
of Directors salary
Audit &Accountancy		 32,500
22,357		 32,500
20,885
60,476 73,822
2023 2022
Group Group
Total resources expended 520,214 526,195
Net income/(expenditure)
and losses		 before gains 56,604 (110,677)
Realised recognised
gains and losses
Realised gains/(losses)
on fixed asset investments		 ~4,841) ~6,207)
Net income/(expenditure) 51,763