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## Document Details:
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Filename: MMI Final accounts 2020 (mk 2).PDF
Client of: Bright Brown
Signature Details
Name: Alistair Sommerlad
Email: intmuseumchair@gmail.com
Date & Time: 27/10/2021 11:24:54 (BST)
IP Address: 146.80.155.172
The Trustees agree and approve the contents of the
Signing Statement:
accounts.
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Please keep a copy of this document for your records.
```
REGISTERED CHARITY NUMBER: 1178669
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`FOR`**
## **`MUSEUM OF MILITARY INTELLIGENCE`**
```
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020`**
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 3`|
|**`Independent Examiner's Report`**|`4 to 5`|
|**`Statement of Financial Activities`**|`6`|
|**`Balance Sheet`**|`7`|
|**`Notes to the Financial Statements`**|`8 to 12`|
|**`Detailed Statement of Financial Activities`**|`13`|
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2020.ThetrusteeshaveadoptedtheprovisionsofAccountingandReporting by
Charities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicofIreland (FRS
102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Themuseumwillcollect,preserveandexhibitandartefactsrelatingtothegathering,analysis and
dissemination of Military Intelligence across the Army, Navy and Air Force.
```
## **`Significant activities`**
```
DuringtheperiodtheCovidpandemicresultedin a reductionin activityto developexistingplans for
a new site,buta focuson ensuringthe resilienceof the plansunderchangedconditions.The CIO has
continuedhowevertoworkonalternativeproposalstoestablishanewMuseumsiteoutsideof the
confinesofa militarybase.OnesuchsitewasidentifiedatTrentParkinBrent,NorthLondon. Initial
feasibilitystudies,includingfinancialmodellingandbusinessplans,weredrawnupwith professional
supporttoofferanoptiontothedevelopersofthesitefora two-levelMuseumin thehistoric Trent
ParkHouse.Thiswasthewartimelocationforasignificantmilitaryintelligenceoperation. By
December2020it was decidedthat,in the lightof the ongoingpandemicand the alternative options
availabletothedeveloper,theCIOwouldnotpursuetheproposal.Theworktoinvestigate the
proposal remains valid for existing alternative options.
```
## **`Public benefit`**
```
Thetrusteesareawareoftheirpublicbenefitobligationsandaresatisfiedthattheyhave complied
throughout the year with the guidance published by the Charity Commission.
```
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
Theactivityoftheperiodwastodevelopproposalstoworkwithdeveloperstorestorepartof an
emptybuildingtohousethenewmuseumandtoreassessoperationalandfinancialplansto ensure
proposalsareresilientandviableunderthechangedconditionsfollowingthepandemic.Work also
includedapplyingthefundraisingstrategyandsupportinganetworkofcurrentand potential
supporters and sponsors.
```
```
Page 1
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
Thecharityhasincomingresourcesof£70,150(2019:£36,059)andoutgoingresourcesof £78,465
(2019:£10,698)resultinginanetdeficitof£8,309(2019surplus:£25,361).Thecharity has
unrestricted funds of £7,822 (2019: £16,131) to be carried forward.
```
## **`Reserves policy`**
```
The charityis currentlyholdingfundsof £7,822.The charitywill seek VAT registrationwhich will allow
it to claim any VAT incurred.
```
## **`FUTURE PLANS`**
```
Thetrusteesarenowundertakingfurtherworkonunderlyingbusinessplansfora viableMuseum of
MilitaryIntelligenceinthepublicrealm.Twositesareunderconsiderationbutprevious discussions
withtheownersof onesitein Bedfordshirehavebeenpaused.No finaldecisionhasbeentaken and
noleaseorotherlegalorfinancialcommitmentswillbemadeuntilthecharityiscertainthatit has
financial security to move forward, and the impact of the pandemic is clear.
```
```
Longterm,thetrusteesplanforthischaritytosubsumetheolderMilitaryIntelligence Museum
Charity(RegisteredCharityNumber:278909)onceplansforthenewsitearebetterdeveloped and
appropriatefundingis in place,at which pointthe MilitaryIntelligenceMuseumCharitywill be closed
down and all assets transferred.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
Thecharityis controlledby itsgoverningdocument,a constitutionunderthefoundationmodel, and
was created on 6 June 2018 under registration number 1178669.
```
## **`Recruitment and appointment of new trustees`**
```
TheCIOhasbeencreatedforthespecificpurposeoflocatingasiteandconstructionofa new
museum.Thecurrenttrusteeshavetherequisiteskillsto movetheprojectforwardandtheCIO will
look to recruit new members as the project progresses.
```
## **`Induction and training of new trustees`**
```
Allnewtrusteesareinstructedtoreviewthematerialavailablefromthecharity commission
regarding trustee roles, specifically CC3, The Essential Trustee.
```
```
ThecurrenttrusteesareallmembersofTheMilitaryIntelligenceMuseum(registered number
278909)andassuchfullyawareofthecurrentactivitiesoftheexistingmuseumandtherefore have
knowledge of the running of a museum charity.
```
```
Page 2
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Registered Charity number`**
```
1178669
```
## **`Principal address`**
```
Military Intelligence Museum
Chicksands
```
```
Shefford
Bedfordshire
SG17 5PR
```
## **`Trustees`**
```
ThecharityhasbeengivenadispensationbytheCharityCommissionfrompublishingthenames of
its trustees.
```
## **`Independent Examiner`**
```
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
```
```
Approvedbyorderoftheboardoftrusteeson.............................................andsignedonits behalf
by:
```
```
..............................................................
```
```
Trustee
```
```
Page 3
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MUSEUM OF MILITARY INTELLIGENCE
```
## **`Independent examiner's report to the trustees of Museum of Military Intelligence`**
```
I reportto the charitytrusteeson my examinationof the accountsof Museumof Military Intelligence
(the Trust) for the year ended 31 December 2020.
```
## **`Responsibilities and basis of report`**
```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccounts in
accordance with the requirements of the Charities Act 2011 ('the Act').
```
```
I reportin respectof my examinationof the Trust'saccountscarriedout undersection145 of the Act
andincarryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbythe Charity
Commission under section 145(5)(b) of the Act.
```
```
Page 4
```
```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MUSEUM OF MILITARY INTELLIGENCE
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
```
`1. accounting records were not kept in respect of the Trust as required 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) Regulations 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.`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexamination to
whichattentionshouldbedrawninthisreportinordertoenableaproperunderstandingof the
accounts to be reached.
```
```
David Stevens
ACA
Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
```
```
Date: .............................................
```
```
Page 5
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020`**
|`2020`
`Unrestricted`
`fund`
`Notes`
`£`
**`INCOME AND ENDOWMENTS FROM`**
`Donations and legacies`
`70,150`
`Investment income`
`2`
`6`
**`Total`**
`70,156`
**`EXPENDITURE ON`**
**`Charitable activities`**
`Museum development`
`78,465`
**`NET INCOME/(EXPENDITURE)`**
`(8,309)`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`16,131`
**`TOTAL FUNDS CARRIED FORWARD`**
`7,822`|`2019`
`Total`
`funds`
`£`
`36,029`
`30`
`36,059`
`10,698`
`25,361`
`(9,230)`
`16,131`|
|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`BALANCE SHEET 31 DECEMBER 2020`**
|`2020`
`Unrestricted`
`fund`
`Notes`
`£`
**`CURRENT ASSETS`**
`Cash at bank`
`10,000`
**`CREDITORS`**
`Amounts falling due within one year`
`5`
`(2,178)`
**`NET CURRENT ASSETS`**
`7,822`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`7,822`
**`NET ASSETS`**
`7,822`
**`FUNDS`**
`6`
`Unrestricted funds`
`7,822`
**`TOTAL FUNDS`**
`7,822`|`2019`
`Total`
`funds`
`£`
`26,231`
`(10,100)`
`16,131`
`16,131`
`16,131`
`16,131`
`16,131`|
|---|---|
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
```
```
Trustee
```
```
The notes form part of these financial statements
```
```
Page 7
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
```
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
```
## **`1. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102, have
beenpreparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReporting by
Charities:Statementof RecommendedPracticeapplicableto charitiespreparingtheir accounts
inaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland(FRS102)(effective1January2019)',FinancialReportingStandard102'The Financial
ReportingStandardapplicableintheUKandRepublicofIreland'andtheCharitiesAct 2011.
The financial statements have been prepared under the historical cost convention.
```
## **`Income`**
```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharity has
entitlementto the funds,it is probablethat the income will be receivedand the amountcan be
measured reliably.
```
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethata transferofeconomic benefits
willberequiredinsettlementandtheamountoftheobligationcanbemeasured reliably.
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadings that
aggregateallcostrelatedtothecategory.Wherecostscannotbedirectlyattributed to
particularheadingstheyhavebeenallocatedtoactivitieson a basisconsistentwiththeuse of
resources.
```
## **`Taxation`**
```
The charity is exempt from tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestrictedfunds can be used in accordancewith the charitableobjectivesat the discretion of
the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsof the
charity.Restrictionsarisewhenspecifiedby thedonoror whenfundsareraisedfor particular
restricted purposes.
```
```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotesto the
financial statements.
```
```
continued...
```
```
Page 8
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`2. INVESTMENT INCOME`**
||`2020`||`2019`|
|---|---|---|---|
||`£`||`£`|
|`Deposit account interest`||`6`|`30`|
## **`3. TRUSTEES' REMUNERATION AND BENEFITS`**
```
Therewere no trustees'remunerationor otherbenefitsfor the year ended31 December 2020
nor for the year ended 31 December 2019.
```
## **`Trustees' expenses`**
```
Therewere notrustees'expensespaidfor theyearended31 December2020nor for the year
ended 31 December 2019.
```
## **`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
||`Unrestricte`|
|---|---|
||`fund`|
||`£`|
|**`INCOME AND ENDOWMENTS FROM`**||
|`Donations and legacies`|`36,029`|
|`Investment income`|`30`|
|**`Total`**|`36,059`|
|**`EXPENDITURE ON`**||
|**`Charitable activities`**||
|`Museum development`|`10,698`|
|**`NET INCOME`**|`25,361`|
|**`RECONCILIATION OF FUNDS`**||
|**`Total funds brought forward`**|`(9,230)`|
```
continued...
```
```
Page 9
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
|**`4.`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**|**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`**||
|---|---|---|---|---|---|
||||||`Unrestricte`|
||||||`fund`|
||||||`£`|
||**`TOTAL FUNDS CARRIED FORWARD`**||||`16,131`|
|**`5.`**|**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**|||||
|||||`2020`|`2019`|
|||||`£`|`£`|
||`Other creditors`|||`2,178`|`10,100`|
|||||||
|**`6.`**|**`MOVEMENT IN FUNDS`**|||||
|||||`Net`||
|||||`movement`|`At`|
|||`At`|`1.1.20`|`in funds`|`31.12.20`|
||||`£`|`£`|`£`|
||**`Unrestricted funds`**|||||
||`General fund`|`16,131`||`(8,309)`|`7,822`|
||**`TOTAL FUNDS`**|`16,131`||`(8,309)`|`7,822`|
|||||||
||`Net movement in funds, included in the above are as follows:`|||||
|||`Incoming`||`Resources`|`Movement`|
|||`resources`||`expended`|`in funds`|
||||`£`|`£`|`£`|
||**`Unrestricted funds`**|||||
||`General fund`|`70,156`||`(78,465)`|`(8,309)`|
||**`TOTAL FUNDS`**|`70,156`||`(78,465)`|`(8,309)`|
```
continued...
```
```
Page 10
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`6. MOVEMENT IN FUNDS - continued`**
## **`Comparatives for movement in funds`**
||||`Net`||
|---|---|---|---|---|
||||`movement`|`At`|
||`At 1.1.19`||`in funds`|`31.12.19`|
||`£`||`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`(9,230)`||`25,361`|`16,131`|
|**`TOTAL FUNDS`**|`(9,230)`||`25,361`|`16,131`|
||||||
|`Comparative net movement in funds, included in the above are as follows:`|||||
||`Incoming`||`Resources`|`Movement`|
||`resources`||`expended`|`in funds`|
||`£`||`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`36,059`||`(10,698)`|`25,361`|
|**`TOTAL FUNDS`**|`36,059`||`(10,698)`|`25,361`|
||||||
|`A current year 12 months and prior year 12 months combined position`||`is as follows:`|||
||||`Net`||
||||`movement`|`At`|
||`At 1.1.19`||`in funds`|`31.12.20`|
||`£`||`£`|`£`|
|**`Unrestricted funds`**|||||
|`General fund`|`(9,230)`||`17,052`|`7,822`|
|**`TOTAL FUNDS`**|`(9,230)`||`17,052`|`7,822`|
```
continued...
```
```
Page 11
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020`**
## **`6. MOVEMENT IN FUNDS - continued`**
```
Acurrentyear12monthsandprioryear12monthscombinednetmovementin funds,
included in the above are as follows:
```
||`Incoming`|`Resources`|`Movement`|
|---|---|---|---|
||`resources`|`expended`|`in funds`|
||`£`|`£`|`£`|
|**`Unrestricted funds`**||||
|`General fund`|`106,215`|`(89,163)`|`17,052`|
|**`TOTAL FUNDS`**|`106,215`|`(89,163)`|`17,052`|
## **`7. RELATED PARTY DISCLOSURES`**
```
There were no related party transactions for the year ended 31 December 2020.
```
```
Page 12
```
```
MUSEUM OF MILITARY INTELLIGENCE
```
## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020`**
|**`INCOME AND ENDOWMENTS`**
**`Donations and legacies`**
`Gifts`
`Donations`
`Grants`
**`Investment income`**
`Deposit account interest`
**`Total incoming resources`**
**`EXPENDITURE`**
**`Charitable activities`**
`Legal and professional fees`
`Travel and accommodation`
`Accountancy`
`Accountancy over accrual`
`Management charges`
`Post and stationery`
`Total resources expended`
**`Net (expenditure)/income`**|`2020`
`£`
`1`
`35,149`
`35,000`
`70,150`
`6`
`70,156`
`73,134`
`454`
`540`
`(60)`
`4,393`
`4`
`78,465`
`78,465`
`(8,309)`|`2019`
`£`
`-`
`1,029`
`35,000`|
|---|---|---|
|||`36,029`
`30`|
|||`36,059`
`9,137`
`961`
`600`
`-`
`-`
`-`|
|||`10,698`|
|||`10,698`|
|||`25,361`|
```
This page does not form part of the statutory financial statements
```
```
Page 13
```