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##
|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|
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|||||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|
##
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||||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|
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|||||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|
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||||||
|---|---|---|---|---|
|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|
|---|---|---|---|---|---|---|
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##
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|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|
##
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|||||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|
##
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##
|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|
##
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##
|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|
##
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##
|||||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|
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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.||||||||