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

PDF
Markdown

2022-12-31-accounts

Trustees		Major General J Kerr	Major General J Kerr	Major General J Kerr	CBE	CBE
		Brigadier M WWharmby				OBE
		Lieutenant Colonel	N		A Smith
		Colonel J D Fielden		LVO		MBE
		Colonel P R Rossiter
		Colonel PAAllen ADC					(Appointed	20 February
							2022)
Charity number		1172831
Registered	office	Regimental Headquarters
		The Royal Logistics		Corps,
		Building 204, Worthy			Down Camp
		Wincheter
		Hampshire
		SO21 2RG
Auditor		Moore (South) LLP
		33The Clarendon	Centre
		Salisbury Business	Park
		Dairy Meadow Lane
		Salisbury
		Wiltshire
		SP1 2TJ
Bankers		Holt's Military Banking
		Lawrie House
		Victoria Road
		Farnborough
		Hampshire
		GU14 7NR
Solicitors		Clifton Ingram LLP
		11 South Street
		Farnham
		Surrey
		GU9 7QX

		Page
Trustees report		1-5
Statement ofresponsibilities
Independent auditor's	report
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-27

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2022 f	2022	2022 F	2021 8	2021 8	2021 8
Income and endowments				from.
Donations and
legacies			3	283,776	170,600	454,376	381,432		381,432
Other trading
activities				4,109		4,109	19,925		19,925
Investments				39,074	2,951	42,025	38,744	2,438	41,182
Other income				1,689		1,689
Total income				328,648	173,551	502,199	440,101	2,438	442,539
~Edit
Raising funds			7	24,183		24,183	22,705		22,705
Charitable activities			8	491,395		491,395	738,876	880	739,756
Other			12				52		52
Total expenditure				515,578		515,578	761,633	880	762,513
Net gains/(losses)		on
investments			13	(183,781)	(13,924)	(197,705)	146,665	9,475	156,140
Net movement	in	funds		(370,711)	159,627	(211,084)	(174,867)	11,033	(163,834)
Fund balances at 1 January
2022				2,741,726	122,171	2,863,897	2,916,593	111,138	3,027,731
Fund balances	at	31
December 2022				2,371,015	281,798	2,652,813	2,741,726	122,171	2,863,897

			2022		2021
		Notes	6		6
Fixed assets
Tangible assets		15		1,238,130		1,384,349
Heritage assets		16		191,680		21,080
Investments		17		1,181,620		1,435,727
Current assets				2,611,430		2,841,156
Stocks		18	18,183		24,975
Cash at bank and in	hand		71,773		36,312
Creditors: amounts	falling due within		89,956		61,287
one year		19	(48,573)		(38,546)
Net current assets				41,383		22,741
Total assets less current liabilities				2,652,813		2,863,897
Income funds
Restricted funds		20		281,798		122,171
Unrestricted funds				2,371,015		2,741,726
				2,652,813		2,863,897

				2022		2021
			Notes
Cash flows from operating	activities
Cash absorbed by operations			24		(51,192)		(257,990)
Investing activities
Purchase oftangible fixed assets				(13,463)		(782,574)
Purchase of investments				(41,909)		(41,162)
Proceeds on disposal of investments				100,000		450,000
Investment income received				42,025		41,182
Net cash generated from/(used		in)
investing activities					86,653		(332,554)
Net cash used in financing	activities
Net increase/(decrease) in	cash	and	cash
equivalents					35,461		(590,544)
Cash and cash equivalents	at beginning		ofyear		36,312		626,856
Cash and cash equivalents	at end of		year		71,773		36,312


Donations and legacies				(Continued)
Grants receivable for core activities
The RLCAssociation Trust Fund Annual	Grant	90,000	90,000	90,000
The RLCAssociation Fund Shop Grant		10,000	10,000	10,000
Grant in Aid —Ogilby Trust		109,900	109,900	89,223
MOD funded staff and premises costs		51,084	51,084	179,359
		260,984	260,984	368,582

Unrestricted	Unrestricted
funds	funds
2022	2021
4,109	19,925

			W	CII	O	CII
		OI		CO	OI	CO
		Ol
ID 0	ID '0c	Ol OI	lll
I
Cl
Cl
CY
'0 Cl 0 I	N '0c C	Ol CI CC	4l	I CO CO	O	I CO
N
Clc
ID0 I		Ol Ol CI Ol	4I	CD O CD	CO	IO CII O
'0 CI 0	Ih '0	Ol CVO	4l
I
N
ID
'CD N0	ID'0c	CC CCO CC	4C
I
ID
ID
I

Unrestricted	Total
funds
2022	2021
6	6
1,689

			Unrestricted	Unrestricted
			funds	funds
			2022	2021
			6	6
~Sh	E*	de
Cost	ofSales		3,249	5,618
Postage			125	200
Other	expenditure		407	1,182
Staff	costs		20,402	15,705
Shop	Expenditure		24,183	22,705
			24,183	22,705

				Charitable	Charitable
				activities	activities
				2022	2021
				6	8
Staff costs				171,517	279,872
Depreciation	and	impairment		159,681	157,983
Rent, Rates	and	Utilities		32,300	47,760
Conservation				3,637	3,556
Maintenance				620	2,148
Collections				1,967	441
Reference				111	156
Postage				59	34
IT				8,426	2,953
Insurance				5,666	3,481
Stationery				557	467
Telephone					902
Travel				3,568	2,629
Printing &Advertising				2,897	2,432
Professional	Fees and Subscriptions			1,572	960
Training				1,373	768
Other charitable		expenditure		84,097	223,312
				478,048	729,854
Share ofgovernance			costs (see note 9)	13,347	9,902
				491,395	739,756
Analysis by	fund
Unrestricted	funds			491,395	738,876
Restricted funds					880

Support	costs
		Support	Governance	2022	2021
		costs	costs
		F
Audit fees			8,000	8,000	6,500
Accountancy			4,984	4,984	3,000
Meetings			363	363	402
			13,347	13,347	9,902
Analysed	between
Charitable	activities		13,347	13,347	9,902

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
Museum
Shop
Adminstration
Total
Employment	costs	2022	2021
		6
Wages and	salaries	191,919	295,577

						Total	Unrestricted
							funds
						f
						2022	2021
Net loss on	disposal	oftangible fixed assets					52
							52
Net gains/(losses}		on investments
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2022	2022f	2022 f	2021 f	2021 f	2021 f
Revaluation	of
investments		(183,781)	(13,924)	(197,705)	146,665	9,475	156,140

Tangible fix	ed assets
			Computer and	Museum	Fixtures and	Total
			other	collection	fittings
			equipment
Cost
At 1 January	2022		28,634	16,138	1,500,000	1,544,772
Additions			13,463			13,463
At 31 December 2022			42,097	16,138	1,500,000	1,558,235
Depreciation	and impairment
At 1 January	2022		7,195	3,228	150,000	160,423
Depreciation	charged	in the year	6,454	3,228	150,000	159,682
At 31 December 2022			13,649	6,456	300,000	320,105
Carrying amount
At 31 December 2022			28,448	9,682	1,200,000	1,238,130
At 31 December 2021			21,439	12,910	1,350,000	1,384,349

				Listed	Listed	Total
				investments:	investments:
				Museum	Museum
				Developmeqt	6
	Cost or valuation			Fund
	At 1 January 2022			1,334,636	101,091	1,435,727
	Additions Valuation changes Disposals			38,958 (183,781) (98,311)	2,951 (13,924)	41,909 (197,705) (98,311)
	At 31 December 2022			1,091,502	90,118	1,181,620
	Carrying amount
	At 31 December 2022			1,091,502	90,118	1,181,620
	At 31 December 2021			1,334,636	101,091	1,435,727
18	Stocks
					2022f	2021 f
	Finished goods and	goods for resale			18,183	24,975
19	Creditors: amounts	falling due within	one year
					2022	2021
					6	f
	Other creditors				48,573	38,546

			IaS Vl0		al tf C al N fU	Ia 6 Ia af o Eta N al 0	Ia 6 Ia af o Eta N al 0		IU S C C 2 O o af ' C vl 0 Ul— 0 0 E 0
			0.0 a=0 IDp. M	M	Nal5 0 N IU				Of Uf ID al 66 m M C 6!
			0 N C0	C Ul E	UlC E56C	Nal550 N6			lL O CO ta IU QlL C «f' 0 OCfaa M
			ID Ia 6!		N al 0	ta al o ta			ID IU c 3 EER 0 Ia O
			Of Cia MC0			ta '5 C			oem o C Vf o czI6 O 0 0 o~ E 0.
			taC0 0			al N la ID			C M 0 al 0 0 IU 0—
			Ia						af
			ID0	C					'Og O
			6!	a	g	5			~E—
			ta
					O	~0			C
			15 ID C ID0. X ID t5	C S E	VIX fc al Ua alal E 50 NN al				S I- PC E cl- 980 C C
			3						0
Ci LU			0 ID		al al tf C	ta M ta			C C M f g- o— ocm M
RI-X0 O R	CD		C Ia 0. E00 Ia0 aa Vf0		Uf	al 5C alI			m3 0 Oo c0 SO—M Co a! ta „0 C CI mlo C taf '0 S IU M-OSS M6!— C Ol Ul IU CL
			ta
LU L0 O f7 LUX I- CO I-0 Z	N O LU LLI Ci Q ILI ILI 0 4.	Vf'0 C '0S0 la UlK CI IU	ID ID 0 IU 0 ID 0 M0 ID E00C ID					6!0 vl af S 0	Emom 0 S SMO M C m g c8 M S C 0— o.E c 5 Vf 0 0 ID mo 65 o s 0o. C - C ta ff toC.E taf C mOf O o ta IU 6l .N c 3 ID 0'0 c~ 0 Vl 5 6! Vf K —VE X ! .c I—fff


24	Cash generated from operatio	ns					2022	2021
	Deficit for the year						(211,084)	(163,834)
	Adjustments for:
	Investment income recognised	in statement			offinancial	activities	(42,025)	(41,182)
	(Gain)/loss on disposal oftangible		fixed	assets				52
	Gain on disposal ofinvestments						(1,688)
	Non-cash donation of heritage	asset					(170,600)
	Fair value gains and losses on	investments					197,705	(156,140)
	Depreciation and impairment oftangible			fixed assets			159,681	157,983
	Movements in working capital:
	Decrease in stocks						6,792
	Increase/(decrease) in creditors						10,027	(54,869)
	Cash absorbed by operations						(51,192)	(257,990)
25	Analysis ofchanges in net funds
	The trust had no debt duding the year.