Cornwall's Regimental Museum CIO
Trustees Report and Financial Statements
for the Year ending 31 December 2024
Charity Number 1174375
The Trustees are pleased to present their annual report, together with the consolidated financial
statements of the charity, for the year ending 31 December 2024.
The financial statements comply with the Charities Act 2011 and the Charities SORP IFRS 102) together
with Update Bulletin 2.
Names of the Charity Trustees who manage the charity
Mr Peter Champness - Chalr
Col Sir Edward Bolitho (President)
Mrs Sarah Fitzgerald
Lt-col Richard Trant
Mr5 Harriet Hills
Mr Daniel Brinson
Mr Charles Edward-collins (Resigned 18104/2024)
Brig Gage Williams (Resigned 18104/2024)
Mr Andrew Harbert (Joined 11105/2023}
Mr Anthony Scott-Hopkins (Co-opted 201712023 Resigned 06/05120241
Structure, Governance and Management
The charity was registered in 2017 and began operating in January 2018, taking over from the former
unincorporated Charitable Trust of the same name. It Is constituted as a Charitable Incorporated
Organisation (CIO) and Is governed by a deed. New trustees are selected by the current trustees of the
charlty. The day-to-day management of the charity is undertaken by the Director who is paid from the
CIO'S own funds. The Collection5 and Operations Manager is part-funded by Grant-in-Aid from the
Ministry of Defence IMOD) to care for the museum collection. A further three full-time posts are funded
through grants and Income generated through museum activlty.
Chalrfs Introductlon
Full details of the charity's purposes, maln activities. achievements and performance are set out In
the report below.
Our Charitable Purposes
The purposes of the charity are:
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To be the authority on the history of The Duke of Cornwall's Light Infantry, its antecedent and
successor units, particularly The Light Infantry, the Cornish Militia and Volunteer units.
To sustain and develop a first class museum that educates, entertains, inspires and contributes
to the wellbeing of the local community.
To advance the education of the public in general on the subject of Cornish, British and
International Military History by the maintenance of and improvements to, Cornwall's
Regimental Museum and its associated Memorials.
To provide the relief of financial hardship among the retired members and their immediate
families of The Duke of Cornwall's Light Infantry by the provision of grants for goods and
services which they otherwise could not afford through lack of means.
The trustees recognise that the charity must report each year on how they have carried out their
charity's purpose for public benefit.
In shaping our objectives for the year and planning our activities, the trustees have considered the
Charity Commission's guidance on publlc beneflt.
The Trustees belleve that purposes satisfy both elements of the public benefit requlrement.
The direct benefits are as follows:
(a) Maintaining a collection and permanent display of artefacts and objects to preserve Cornish,
British and International Military history for public enjoyment.
Ib) Providing a space for public to research Cornish, British and International Military History.
{cl Promoting the history and information about Cornish, British and International Military History,
sharing stories about the people who lived there through artefacts and objects. This is done
through permanent and temporary displays at the museum, occasional displays in the
community, regular articles in local publications, information and blogs on the museum's
website, sharing archive photographs through social media, special event days, talks on local
history and guided walks around the town.
(d) Providing educational space for schools and children to learn about the history Cornish, British
and International Military History. Our learning programme includes workshops linking to the
national curriculum on site at the museum. Our programming for local families in school
holidays also encourages visits to the museum and shared information about local history and
people.
Our Maln Actlvities
A brief summary of the main activities normally undertaken by the charity to carry out its purposes for
public benefit is as follows:
To open the museum on average 6 days each week, making our collection readily available to
the visiting public
To develop the museum's collection and displays for the public benefit
To actively encourage and continue to develop visits by school groups and young people to the
museum
To provide a high-quality research service for the public
To plan and raise funds to sustain and develop the buildings and work of the museum to support
its long-term susta i nability
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Achievements and Performance in 2024
Structural issues with Bodmin Keep led to the closure of the museum in August 2024. casting a long
shadow over the museum operation despite a positive start to the year. By late Autumn, the
museum had pivoted its operation." delivering learning and engagement sessions in schools and
alternative venues; taking a 'pop-up' museum to community events and exhibiting the collection
offsite. Volunteerlng activities focused on research and maintenance projects. In thi5 way the
museum has continued to deliver its mission, albeit with a renewed emphasis on managlng costs.
Cornwall's Regimental Museum CIO 15 the 501e tenant of Bodmin Keep and has a lease from the
Ministry of Defence which expires in 2050. The MOD takes a reactive approach to repairs and as a non-
operational site, Bodmin Keep has not been a priority for investment during the tenancy of the CIO.
Evidence of cracking in sUPPOrting beams had been reported during the MOD quadrennial inspection
of 2020 and led to further inspections in 2022 and 2023. A full structural appraisal was recommended
in March 2024 and completed in July 2024. As a result of this report, the building was declared unsafe
and the museum closed on 10 August 2024. VIVO Defence contractors have propped the building
extensively to ensure it is safe. It was initially hoped that the building would re-open in Spring 2025 but
this has not transpired.
Cornwall's Regimental Museum CIO has been working with Army Infrastructure since 2022 to explore
the option of the museum CIO takin8 ownershlp of Bodmin Keep with the provision of funds to carry
out the backlog of repairs of the building. This would enable the CIO to secure external funding for the
upgrade of the building to be both fit-for-purpose to preserve the museum's collection and archive
and provide the facilities the public expect of a twenty-first century museum. This proposal was
approved at the Army Heritage Committee in October 2024 with a desire to see the museum 'survive
and thrive,.
The closure of the Keep has created a significant obstacle to achieving thls plan and lent a greater
urgency for a resolution to discussions about the building's future.
Visitor Number5
Comwall's Regimental Museum CIO achieved 3516 visitors in the year to 10 August 2024 and was
open for 110 days. 379 school children took part in learning activities in schools although this
improved significantly a5 It became clear that we would not be able to re-open in Spring 2025 and
school groups that had postponed visits, re-engaged. 637 young people took part in out of school
hours activities. 2903 people were reached through our community programme. Our 43 volunteers
contributed 1,130 hours work to the museum.
Programme highlights
Highlights of the programme include a talk by historian James Holland to raise funds forthe museum.
th
The 80 anniversary of D-Day was marked with a seniice of remembrance led by the DCLI, SCLI, Ll and
The Rifles Association. Bodmin Keep received coverage on ITV SW New5 and BBC Radio Cornwall for its
historic role during preparations for Operation Overlord. The exhibition Carclew.. A House at War
launched in June, assessing the preparations for D-Day in Cornwall with a focus on events at Carclew
House, one of many country houses requisitioned by the military.
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Exhibitions. Collections and Archive
Over the past year the museum has produced new exhlbitions and displays; developed partnerships
with other instltutlons, expanded the collection and improved the documentation and management
of the collection and archive.
The museum received an Arts Council England 'Unlocking Collections, grant in May 2023 to catalogue
the Light Infantry archive and redisplay the Northern Ireland galleries. In February 2024, the museum's
Director, Helen Bishop-stephens and newly recruited As515tant Curator, James Inglis visited Belfast and
Derry-Londonderry to research exhibitions about The Troubles at the Museum of U15ter, The Tower
Museum, Free Derry Museum. The Assistant Curator also Vlsited The Linen Hall Library in Belfast and
Dublin Castle and National Museum of Ireland-Decorative Arts & History, Dublin as part of this
research. These research visits were made possible by a Jonathan Ruffer Foundation Curatorial grant.
The new exhibition on the Army during the Troubles will explore the experiences of soldiers through
objects from the collection, the Light Infantry photo archive and oral history testimonies from
members of the Light Infantry. The exhibition will also examine the impact on communities in
Northern Ireland both during military operations from 1969 to 2007, and the resonance of The
Troubles todav.
A local artlst-photographer was commissioned to create exhibition visuals from the archive and funded
to carry out research in Belfast in July 2024 to generate new material for the exhibition. In October
2024 we contracted the design the exhibition. Further oral history recordings of veterans took place in
November and December 2024, in partnership with the University of Plymouth. In October 2024
designers AF58 Associates were commissioned to design the redisplav.
In addition to this work, the Assistant Curator produced the exhibition: Carclew.. A House at War about
preparations for D-Day in Cornwall with a focus on event5 at Carclew House, one of many country
houses requisitioned by the military. This was a truly collaborative effort with advice and support from
the Director, Trustees, Staff and Volunteers essential to the tlmely completlon of this project by June
th
6, 2024, to coincide with the 80 anniversary of D-Day.
Work on displays and exhlbltions contlnued following the closure: student interns from the University
of Plymouth developed a mini- exhibition using objects and documents from the museum's collection
and archive. The display opened at the University's Charles Seale-Hayne Library in November 2024 and
was well received. Future student collaborations are planned to help research Bodmin Keep's
collection and archives.
In June 2024 the museum acquired a Ferret Mark11 Scout Car from Royal Military Police Museum
which has been extensively repaired through the efforts of a team of six volunteer5. Other significant
acquisitions a scrapbook chronicling the early days of the British Army's deployment in Northern
Ireland and a collection donated by the family of Major Hugo White, the museum's founder.
In January 2024 Heather Lomas, Collections Officer of the Marylebone Cricket Club Museum, carried
out a Collections Audit pro bono. We are grateful to the MCC Museum for it5 generous support.
The first improvements made as a result of the audit were an update of procedures for cataloguing the
collection: recording when objects are moved to provide a clear audit trail and adding photos and
measurements to catalogued items to help with their identification.
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The Collections Development Policy was reviewed by the Collections & Operations Subcommittee
updated to include items relating to Cornwall and the Civil War.
Education and Outreach
Schools
The schools programme attracts a slgnificant number of repeat visits but in 2024 attracted two new
primary schools and two new secondary schools early in the year. One new group from Landulph
Primary School gave the following feedback:
The day was engagingj informative and very well organlsed. The chlldren absolutely loved it and
haven't stopped talking about and reftrenclnq In their work all of the activities they did. We wlll
definltely be booklng another visltfvr next year.,
Following the closure of the museum, Leah Mason, Learning Manager and volunteers designed new
sessions to be delivered in schools. This included an immersive carousel-style workshop that covers life
on the Home Front and an object-handling 'lnference and Deduction, session. 379 pupils took part in a
museum schools, session in 2024.
In March local artist Fran Rowse, and three female students from the North Cornwall Wave Academy
worked on a new project, Military Maids which revealed the 'hidden' stories of women from our
archives and museum collections. Each week, the students explored documents from the archive to
highlight some of the roles taken on by women during war. Using the new ski115 learned during the
sessions, the students created pieces of artwork inspired by the archives before creating an exhibition
of their work and previously unseen archive materials. This project was funded by Cornwall
Community Foundation.
Informal Learning
Holiday activlties includlng Portralt mlnlatures, perlscope makin8, sword decorating, Trench talks, D-
Day themed activities were delivered to 650 prlor to the museum closure In early August. We also
welcomed re-enactment groups including, The Home Front Kitchen Girls, D-Day Dodger5, Dr. Stuart
Clarke and 32nd Regiment of Foot.
Community Engagement
92 scouts and girl guides engaged with the museum over the year in workshops about Remembrance,
the Second World War in Cornwall and guided tours.
In April the museum took part in 3 town-wide Spring Trail organised by Into Bodmin. This included
hosting a 20-minute performance from local dance group, KBSK. A pop-up museum at the KBSK family
day in August, in Priory Park was attended by over 1200 people.
The Learning Manager created a D-Day-themed pop-up museum and in June this was presented at the
Royal Cornwall Show a5 part of Army Engagement's Military Village and at the Wadebridge Party in the
Park to commemorate the 80th anniversary of the D-Day landings, reaching over 1600 people. The D-
Day 'pop-up' also visited Falmouth Week and Duchy College Callington's Community Fayre.
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In the Autumn the museum took part in Fun Palaces at Into Bodmin running a free screen-printing
workshop and in December took part in the Christmas Tree Festival and ran a pop-up museum at the
town's Christmas market in which over 80 families participated.
A new partnership with a local care home has been established and in November sensory and
reminiscence sessions engaged residents who range in age from 18 to 99.
Careers Pathways and Skills Tralnlng
The first Young Collectorfs Club launched in April 2024. Young Collectors aims to provide a welcoming
space for young military memorabilia enthusiasts to show case their personal collections to the public,
whilst meeting other like-minded people to share their interests and knowledge. This session involved
three young collectors (aged 13-16) who offered members of the public an opportunity to handle the
artefacts (uniforms- weapon5 etc) on display.
The feedback from the parents of the young collectors at the end of the session was also positive. Two
of the young collectors are school refusers and both suffer with extreme social anxiety. Their parents
commented on how important these types of events are for the building their confidence and social
skills. Thi5 was evident not only In their engagement with the public, but in their Interactions with each
other.
SIX students aged 14-18 participated In the 8-week Young Curator's Course. During the placements
students engaged in activities centred around conservation- including object cleaning, label writing,
preparing and creating social media content in-line with current trends and putting together a
temporary display of First World War handling items in the Serjeant's Mess.
The museum provided five work experience placements for students aged 14-17.
Vlsltor Services & Operation5
The museum invested In a shooting range simulator which proved popular with vlsltors and new
external signage to improve visibility of the museum at street level.
Fire safety training was provided to staff. A Health & Safety Manual wlth policies and procedures has
been produced by Gabrielle O'connor, Visitor Services & Operations Manager. Three members of staff
received First Aid training, Environmental sustainability measures were reviewed and improved during
the year with the VSOM undertaking Carbon Literacy training. An employee handbook and review of
HR policies and procedures was completed.
Staff
There were a number of staff changes during the year. James Inglis was recruited as Assistant Curator
and joined the CIO in February. Rob Phillimore left his post as Marketing Manager in February to
become freelance. The Marketing Manager role was ably covered by Arwen Fitch from March until
October, when the likelihood of a prolonged closure became apparent. Tina James joined the museum
as Administrator in May to provide HR, finance and governance sUPPOrt to the Director.
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Trustees wish to record their thanks to the staff team who have remained steadfast in their
commitment to the museum during a prolonged period of uncertainty and upheaval.
DCLI Welfare and War Memorials
Bodmin Keep's Grade Il. war memorial was dedicated on 17 July 1924. To mark the centenary, the
memorial was cleaned by DCLI, SCLI, The Light Infantry and The Rifles Association volunteers under the
dlrection of Military Grave Restorer CIC. New gravel was provided by local businesses RGB Supplies
and Keyline Civils Specialists. The museum provided funds from its Reserves for this work and to re-
paint the lettering of the dedication on the DCLI memorial plaque by a specialist heritage sign-writer.
There was no expenditure under the charitable object to provide the relief of financial hardship among
the retired members and their immediate families of The Duke of Cornwall's Light Infantry.
Rlsk Management
The trust maintained its risk register which was reviewed quarterly at trustee meetings.
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Financial Review
Results for the year
Cornwall's Regimental Museum CIO ended 2024 with a small deficit of -£7,184 {2023 Surplus £21,518).
Majority of this was due to the museum requiring to close for significant structure repairs. This resulted
in no ticket admissions & shop sales while the museum remained closed.
The unrestricted deficit for the year was £37,90112023 surplus £102). Total funds at 31 December 2024
were £290,795. Of thi5, £67,203 were held as restricted, £128,262 as Designated funds and £95,330 of
undesignated, unrestricted funds.
Income In 2024 was £249,701, whlch was a 6% decrease on 2023. The majority of this was due to the
museum c105ure with 42% reduction in admissions and 47% reduction in shop sales & room hires.
Expenditure on operating the museum Increased by 3% from 2023, the majority of this being related to
the Increase In grant project spend.
Finance, Investments and Reserves
The value of our Investments at 31st December 2024 was £149,46212023 £150,488). These funds
were invested via brokers Walker Cripps.
Reserves policy
It is the duty of the Trustees of CRM to manage the charity's reserves. The reserves policy is reviewed
annually by the Trustees. The charity is responsible for:.
•The Museum (CRM)
• The DCLI memorials
The DCLI veterans welfare
In summary, the followlng amounts are designated from the reserves:_
DCLI Veterans welfare £14,131
War Memorials maintenance and repair £14,131
Museum - 18 month's shortfall in running costs £lOO,000
Total Designated costs for 2024 - £128.262
At 31 December 2024 the charity's reserves totaled £290,795. Of this, £67,203 were held as restricted,
£128,262 as Designated costs and £95,330 of undesignated, unrestricted funds, meeting the charity'5
reserves policv.
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Statement of Trustees, Responsibilities
The Trustees are responsible for preparing the Trustees, Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England & Wales/Northern Ireland requires the Trustees to prepare
financial statements for each financial year which give a true and fair view of the state of affairs of the
charity and of the incoming resources and appllcation of resources of the charity for that period. In
preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2015 and (FRS 102;
make judgements and estimates that are reasonable and prudent;
State whether applicable accounting Standards have been followed, subject to any material
departures disclosed and explained In the financial statements;
prepare the financial statements on the 80ing concern basis unless it is inappropriate to presume
that the charlty will contlnue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable
accuracy at any time the financial p051tion of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the Charlty (Accounts and Reports) Re£ulations 2008
and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities
Approved by the Board of Trustees on
and signed on its behalf by
Mr Peter Cham
ness Chairman
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Annual Accounts 2024

Inde
endent Examiner's re
ort to the trustees of
Cornwall Re
imental Museum CIO
I report to the trustees on my examination of the financial statements of Cornwall's Regimental Museum
CIO ('the charity,) for the year ended 31 December 2024, which are set out on pages 11 to 20.
Responsibilities and basis of report
As the charitWs trustees you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 {'the Act,)
Having satisfied myself that the accounts of the charity are not required to be audited and are eligible
for independent examination, I report in respect of my examination of the charity's accounts carried out
under section 145 of the Act. In carrying out my examination I have followed all the applicable directions
given by the Charity Commission under sectlon 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connectlon wlth the examlnation giving me cause to believe that in any material respect:
l. accountlng records were not kept In respect of the charlty as requlred by section 130 of the Act.
or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charities (Accounts and Reports) Re8ulations 2008 other than any
requirement that the accounts give a 'true and fair view which is not a matter considered as part
of an independent examination].
I have no concerns and have come across no other matter5 in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to
bere
Mandy French FCCA
Westcotts (SW) LLP
30 St Peters Street
Tiverton
Devon, EX16 6NR
2 July 2025
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Annual Accounts 2024

Cornwall's Re
imental Museum CIO
Financial Statements
for the Year endin
31 December 2024
Chari
Number 1174375
Statement of Financial Activitles Incorporatlng an Income and Expendlture Account
for the Year Ending 31 December 2024
For the year endlng 31 December 2024
Unrestrlcted
Funds
Restrlcted
Funds
Total
2024
Total
2023
Notes
Income:
(See nots 161
Donatlons and le8acles
Income from Charltable actlvltles
Investment Income
Fundraising & trading Income
24,622
107,120
5,935
6,053
1,000
104,971
25,6Z2
212,091
5,935
6,053
17,632
229,657
5R56
11,993
Total
143,730
105,971
249,701
265,139
Expendlture on:
Costs of ralslng f und5
8,628
8,628
2,812
Expendlture on cha rltable activities
171,143
76,663
247.806
240,800
Total
179,771
76,663
256,435
243,612
Net Income/{Expendlture)
Unreallsed Galns/lLossesl
Transfers between funds
(36,041)
14501
(1,409)
29,308
(6,734)
(450)
21,527
{91
1,409
Net Movement in Funds
137,9011
30,717
17,184)
21,518
Fund balances brought fotward
15
261,493
36,486
297.979
276,462
Fund Balance5
223.592
67.203
290.795
297,979
The notes of pages 13 to 20 form part of these accounts.
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Cornwall's Regimental Museum CIO
Annual Accounts 2024

Cornwall's Re
imental Museum CIO
Balance Sheet as at 31st December 2024
Notes
2024
2023
Flxed assets:
Tan8lblo assets
Investments
13.525
149.462
14,873
150,488
Current assets:
Debtor5
Stock
Prepayments
Cash at bank and in hand
1.102
14,455
6,800
115,093
137,450
27,626
io
106,866
134,492
Llabllltles:
Creditor5: Arrounts falling due wlthln one year
Net current assets
li
16,685)
127,807
14,8321
132,618
Total assets less current Ilabllltles
2￿,795
297,979
Fund5
Unrestrfcted fund$
Desl8nated funds
DCLI Veterans
W4rMemorSals
Operatlng reserves
Totsl Deslgnated Funds
Ganernl Funds
Total Unregtrfcted fund5
Restrlcted funds
Cash Funds
Fixed Assets
Total R•rtrlcted Funds
14,131
14,131
loo,000
128,262
95,330
223.592
15,000
15,000
loo,000
130,000
131,493
261,493
12
54,454
12,749
67,203
22,826
13,660
36,486
Total
290,795
297,979
The notes of pages 13 to 20 form part of these accounts.
The financial statements were approved by the Board of Trustees on
and signed on its behalf by:
2¢Is-
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Cornwall's Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the
ear ended 31 December 2024
I. ACCOUNTING POLICIES
General Information
The Charity constitutes a public benefit entity as defined by FRS102 and is a registered charity in England and
Wales. The address of the charity is The Keep, Victoria Barracks, Bodmin, PL31 IEG.
Statement of Compllance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard
applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 1021{issued in October 20191 (Charities SORP {FRS 102)) and UK Generally
Accepted Accounting Practice.
Basls of Preparatlon
The flnanclal statements have been prepared on the hlstorlcal cost basis, as modified by the revaluation of
certain financial assets measured at fair value through income and expenditure.
The flnanclal statements are prepared In sterllng, whlch Is the functlonal currency of the entlty.
Income
All income resources are included on the Statement of Financial Activities when the charity is legally entitled
the income and the amount can be quantified with reasonable accuracy.
Expendlture
Expenditure Is accounted for on an accrual basis and has been classified under headings that aggregate all
cost related to the category. Where costs cannot be directly attributed to particular heading5, they have been
allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions
which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Cash Flow Statement
The Trustees have taken advantage of the exemption under Charitles SORP {FRS102) from Includlng a cash
flow statement in the financial statements on the grounds that the charity is small.
Tanglble flxed assets
Depreciatlon Is used to write off each asset over Its estlmated useful life.
Fixed assets are depreclated as follows:.
IT equlpment
Office Fixtures & fittings
Dlsplay Cases
25% per annum on costs
25% per annum on costs
5% per annum on costs
Item5 With cost price of £500 and above will be included in fixed assets.
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
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Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 20241continued)
Fund accounting
The unrestricted fund has arisen through general fundraisin& unrestricted donations and surpluses from
pursuing the charitvs objectives.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified bythe donor or when fund are raised for particular restricted purposes. The
cost of raising and administering such funds are charged against the specific fund. Further explanation of the
nature and purpose of each fund is included in the notes to the financial statements.
2 t>onatlon$ and Le8acles
Z024
Restrlrted Funds TOTAL2024
2023
Unre5trlrted
Donations
19,545
3,748
1,328
24,622
I,coo
20,545
3,748
1,328
25,622
14,438
703
Gift Aid
Second hand books and refreshments
2,491
17,632
3 Income from Charttable Acthiltles
Unrestrlcted
Funds
Restrlcted Funds TOTAL 2024
2023
Admlsslons
Learnlng Income
21,659
2,376
21,659
2376
37,363
6,844
Grants
AIM PIIBrlm Trust Fund
Art5 Councll Unlocklng Collectlons Grant
Bl8 Ideas Company
Cornwall Communlty Foundatlon Carew-Pole Trust Milltsry Mald
Cornwall Councll- Communlty CapacSty Fund
Cornwall Councll small gr?nts
Cornwall Communlty Fund The Trench Project
Cornwall Communlty Foundation- 8ulldin8 Survey
Cornwall Museums Partnershlp
CreatSve Kernow Ltd- Development Project
Imperlal War Museum
MOD GIASalary
MOD Armed Forces Day
PK Porthcurno Museum of Global Communications
3,805
37,616
IDJ
2,OthJ
31,722
3,805
37,616
499
44,771
2,OQ)
31,722
2,500
2,500
2,500
2,500
41,298
1,000
1,472
29,685
5,335
60,(XJO
24.728
24,728
80320
80,920
Total Grants
80,920
104,971
185,891
184,260
Events
Other Events
2,165
2,165
1,190
Totsl incorne from charitable acttvitles
107,120
104,971
212,091
229,657
4 Fundralslng and tradlnl Income
Museum Shop Sales
Room Lettings
4334
1219
6.053
9,093
2,￿0
11,993
L219
053
Page 14 of 20
Cornwall'5 Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (continued)
5 Total Expenditure
Analysls of expendlture on charltable activities
2024
Restrirted
Funds
Unrestricted
Funds
Total 2024
2023
Armed Forces Day
Arts Council - Unlockingcollections
AIM pllgrims Trust
Cornwall Council - Capital Project
IWM Project
Carew-Pole Trust Mllltary Maid
Cornwall Communlty Fund The Trench Proje(
Wadebridge Rotary
War Memorial
Collectlons
Learnlng Expendlture
Other Events
3,975
13,198
23,147
2,487
11,869
23,147
2,487
11,869
3,877
3,409
1,866
3,409
1,866
675
675
1,738
6,301
1,339
1,738
6,301
1,339
7,599
2,770
250
31,668
10,054
42,777
52,831
Shop
Shopify Charges
Retail equipment
Stock Purchases
Total Shop
649
649
647
882
1,621
5,281
7,548
2,047
3,579
2,047
3.579
Staff Costs
108,785
47,111
1,615
32,975
911
141,760
48,022
1,615
159,526
40,513
1,544
Support Costs
Govemance
Total Expenses
171.143
76.663
247,806
240,800
Anatysls of support and 8overnance costs
General
Govemance Restrl¢ted 20Z4 TOTAL 2023 Basis
95%
Administration
Depreclation
End ofYearAccounts
Independent Examlnatlon
Marketing & Publiclty
Premises
20,999
437
1,105
22,104 21,886
1,348
1,445
160
150
350
300
24.959 14,382
716
3.894
ws%
911
160
350
24.959
716
IWY6
Total expendlture
47,111
1,615
911
49,637 42,057
Page 15 of 20
Cornwall's Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (continued)
6 Net Income for the year
This is stated after Charglng:"
2024
2023
Depreciation
1,348
1,445
7 Staff Costs and numbers
2024
2023
Salarles & Wages
Employers Natlonal Insurance
Penslons
132,400
6,607
2,753
141,760
149,872
7,207
2,447
159,526
The charity had an average of 6 employee5 during the year (2023- 71
The average number of employee5 during the year were calculated on the basis of average
monthly head count.
No employee received employee beneflts of more than £60,000 durlng the year12023: Nill.
Tangible fixed assets
Netherfleld Dlsplay Cases
D15play Cases
IT
Equlpment
Total
Cost
At start of year
Additions
Disposals
At the end of year
18,215
3,176
21,391
18,215
3,176
21,391
Depreclatlon
Atstart ofyear
Charge for year
Di5POsa15 in year
4,555
911
1,963
437
6,518
1,348
Atthe end of year
5,466
2,400
7,866
Net value at End of 2023
13,660
1,213
14,873
Net book value at year end 2024
12.749
776
13,525
Page 16 of 20
Cornwall's Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (contlnuedj
9 Investments
2024
2023
Walker Crips
149,462
150,488
Total Investment5
149,462
150,488
Investments are shown at market value at year end
10 Prepayments & Accrued Income
2024
2023
Shopifv
Accrued Income
762
6,038
Total
6,800
11 Credltors
2024
2023
Trade Credltors
Taxand Nl
2,526
2,884
I,oii
3,032
339
Pensions
Other Credltors
765
Accrued Expenses
Independent Examlnatlon
Accounts Preparatlon
QuickBooks Subscrlptlon
Total Accrued Expenses
350
160
300
150
510
450
Total
6,685
4,832
Page 17 of 20
Cornwall's Reglmental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (continued)
12 Restrlcted Funds
31$t De¢ 23
Income
Empendlture
Trnhsfe
31st Det 24
Flx•d Assets
Slrjohn Moore Room
IDepredoElonl
13,660
19111
12,749
Cash funds
Arts Councll - Unlocklng collectlons
Cornwall Council Comrnunity Capacity Fund
AMOT- Collectlons Manager IGIA grant)
AIM Collection Care
Cornwall Communlty Foundatlon- Bulldlng Survey
Cornwall Community Foundation-The Trench
Cornwall Community Foundation Carew-Pole trust Military Malds
Bi8 Ideas
Rotsry Club Wadebrldge
21826
37,616
31,722
24,728
3.805
2,SOO
2,5C
2.000
loo
1.00)
131,3931
111,8691
124,7281
114871
29,049
19,8S3
1.318
2,500
634
11,8661
13,4091
loo
1,000
22.826
105.971
175,752
1,409
$4.454
Totals
36,486
105,971
176.6631
67.203
AIM Pilgrim Trust Fund granted £7,610 toward5 the costs of packlng the collections during the urgent structural
works in October 2024.
Arts Council England Unlocklng Collectlons grant £89,541 towards the costs of Unlocklng the Llght Infantry
Archive., 1968-2007. This project will catalogue the Light Infantry Archlve, create an archive of oral history
recordings and a new permanent exhibition about Operation Banner: The Light Infantry in Northern Ireland.
Big Ideas grant was a facilitation fee to screen the film Remember Together: Nuclear Test Veterans
Cornwall Community Foundation/Carew-Pole Trust awarded £2000 towards the costs of an arts education project
called 'Mllltary Mald5' about women's role in the Army with girls from North Cornwall Wave (Alternative
Provision) Academy who are excluded from mainstream education
Cornwall Councll's Community Capacity Fund refers to the Good Growth Cornwall & Isles of Scilly Shared
Prosperity Fund Communlty Capaclty Fund which awarded the museum funds for a fea51bility study and concept
designs (RIBA 0-21 and building condltlon survey, conveyancing and building services survey for Bodmin Keep.
Cornwall Community Foundatlon/Phoenlx Tanner Trust awarded £2500 towards the refurbishment of 'The
Trench, Installation used In schools sessions and learning activities and £2500 towards the cost of the building
condltlon survey.
The MOD awards the museum grant-in-aid towards the salary of the Museum's Asslstant Curator to care for the
regimental collection.
Page 18 of 20
Cornwall's Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (continued)
12 Prior year ¢omparative5 Restrlcted Funds
31st D8¢ 22
In¢ome
Expendlture 315t Dec 23
Flxed Assets
Sirjohn Moore Room
IDtpredotiohl
14,571
19111
13,660
Cash funds
AMOT- Collectlon5 Manager
Cornwall Council
Imperial War Museum
AIM Pllgrlm Trust Fund
Anned Forces Day
Creatlve Kernow Ltd - Development Project
Arts Councll - Unlockin8 Collectlons
NPO Relmbur5ement
29,685
200
129,6851
12Tr)1
11,4721
14991
15,3351
11,5001
121,9451
1101,2981
1,472
499
5,335
1,000
44,771
101,298
500
22,826
soo
184,260
161,934
22,826
Totals
15.071
184,260
162,845
36,486
13 Net assets by fund
Unre5trlcted
funds
Restrlcted
funds
Total 2024
Tan8lble assets
Current assets
Current Liablllties
Net Assets
150,239
78,467
15,1141
223,592
12,749
56,025
11,571)
67,203
162,988
134,492
{6,6851
290,795
Prk)r year comparatives
Unrestrfcted
funds
Restrlcted
funds
Total 2023
Tangible assets
Current assets
Current Llablllties
Net Assets
151,700
114,624
14,8321
261.492
13,660
22,826
165,360
137,450
(4,8321
297,979
36,486
14 Trustee Information
Trustees remuneration and expenses
The trustees received no remuneration, except for travel and 5ubsi5tence to meetings, there were no
trustee expen5e5 paid in the period ended 31 December 2024. (2023- Nil)
15 Related party transactions
There were no related party transactions. (2023- Nil)
Page 19 of 20
Cornwall's Regimental Museum CIO
Annual Accounts 2024

Notes to the Accounts for the year ended 31 December 2024 (contlnuedj
16 Statement of Financial Activities Incorporating an Income and Expenditure Account for the Year
Ending 31 December 2023
For the year ending 31 December 2023
Unrestrlcted
Funds
Restrlcted
Funds
Total
2023
Notes
Income:
Donations and legacies
Income from Charitable activities
Investment income
Fundralslng & tradlng income
17,632
45,397
5,856
11,993
17,632
229,657
5,856
11,993
184,260
Total
80,879
184,260
265,139
Expendlture on:
Costs of ralsln8 funds
Expendlture on charitable actlvitles
2,812
2,812
77,955
162,845
240,800
Total
80,767
162,845
243,612
Net Income/(Expendlture)
Unrealised Gains/lLossesl
iii
21.415
21.527
{9)
Net Movement In Funds
102
21,415
21,518
Fund balances brought forward
15
261,391
15,071
276,462
Fund Balances
261,493
36,486
297,979
Page 20 of 20
Cornwall's Reglmental Museum CIO
Annual Accounts 2024