2022-12-31-accounts - Museum Of Military Intelligence

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REGISTERED CHARITY NUMBER: 1178669

`REPORT OF THE TRUSTEES AND`

`UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022`

`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 2022

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Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 10
Detailed Statement of Financial Activities 11
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MUSEUM OF MILITARY INTELLIGENCE

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2022

Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31December 2022.
ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:Statementof Recommended
Practice applicableto charities preparing their accountsin accordancewith the FinancialReporting Standard applicable
in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Themuseumwillcollect,preserveandexhibitandartefactsrelatingtothegathering,analysisanddissemination of
Military Intelligence across the Army, Navy and Air Force.

`Significant activities`

Principleworkcompletedin2022wasthestrategicinterpretationplanforathematicvisitorexperience.This was
agreedbyTrusteesfollowingprofessionaldesignconsultancy,fundedbyaprivatedonor.Negotiationswere begun
withaprivatedeveloper,tooccupyaderelictbuildingadjacenttoamajorexistingvisitorexperience,andwith the
Trust which controls that existing centre.

`Public benefit`

Thetrusteesareawareoftheirpublicbenefitobligationsandaresatisfiedthattheyhavecompliedthroughout the
year with the guidance published by the Charity Commission.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

All activityin 2022 focussedon the developmentof businessplans and strategicinterpretationdesigns for  establishing
anewMuseuminaderelictbuildingadjacenttoanexisting,andrelated,majorvisitorattraction.Thepropertyis in
privatehandsbutdiscussionswiththecharitabletrustwhichcontrolsthemainsitecentredaroundasingle pay
perimeterandseamlessvisitorexperienceforbothsitestogether.Thestrategicdesignestablishedtheprinciples of
interpretationalong with examples of display styles, themes and storytelling.The fundamentalprinciples of a  thematic,
ratherthanchronologicalinterpretation,were agreedbytheBoard.Negotiationsforthenew sitewere continuing at
yearend,andinviewoftheslowprogressinongoingparalleldiscussionsbetweenprivateownersandthe existing
visitorsite,alternativefuturesiteswereconsideredasabackupshouldthisfirstpreferencenotbepossible. One
ex-officio Trustee left and was replaced.

`FINANCIAL REVIEW`

`Financial position`

Thecharityhasincomingresourcesof£51,316(2021:£95,575)andoutgoingresourcesof£36,236(2021: £87,705)
resultingina netsurplusof £15,080(2021:£7,870).Thecharityhasunrestrictedfundsof £30,772(2021:£15,692) to
be carried forward.

`Reserves policy`

The charityis currentlyholdingfunds of £30,772.The charitywill continueto seek fundingto supportthe transferto a
new site.

`FUTURE PLANS`

ThetrusteesarenowundertakingfurtherworkonunderlyingbusinessplansforaviableMuseumof Military
Intelligenceinthepublicrealm.Onesiteisunderconsideration.Aninitialdesignstrategyandschematicwill be
deliveredinthefirsthalfof2022.Nofinaldecisionhasbeentakenandnoleaseorotherlegalor financial
commitmentswill be made untilthe charityis certainthatit has financialsecurityto move forward,and the impact of
the pandemic is clear.

Longterm,thetrusteesplanforthischaritytosubsumetheolderMilitaryIntelligenceMuseumCharity (Registered
CharityNumber:278909)onceplansforthenewsitearebetterdevelopedandappropriatefundingisinplace, at
which point the Military Intelligence Museum Charity will be closed down and all assets transferred.

Page 1

MUSEUM OF MILITARY INTELLIGENCE

`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022`

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charityis controlledby its governingdocument,a constitutionunder the foundationmodel,and was createdon  6
June 2018 under registration number 1178669.

`Recruitment and appointment of new trustees`

TheCIOhasbeencreatedforthespecificpurposeoflocatingasiteandconstructionofanewmuseum.The current
trusteeshavetherequisiteskillstomovetheprojectforwardandtheCIOwilllooktorecruitnewmembersas the
project progresses.

`Induction and training of new trustees`

Allnewtrusteesareinstructedtoreviewthematerialavailablefromthecharitycommissionregardingtrustee roles,
specifically CC3, The Essential Trustee.

ThecurrenttrusteesareallmembersofTheMilitaryIntelligenceMuseum(registerednumber278909)andas such
fully aware of the current activitiesof the existing museum and therefore have knowledge of the running of a museum
charity.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

Military Intelligence Museum
Chicksands
Shefford
Bedfordshire
SG17 5PR

`Trustees`

The charity has been given a dispensation by the Charity Commission from publishing the names of its trustees.

`Independent Examiner`

Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

Approved by order of the board of trustees on ............................................. and signed on its behalf by: 27/11/2023

A M SOMMERLAD (Chair)

........................................................................

Trustee

Page 2

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MUSEUM OF MILITARY INTELLIGENCE

`Independent examiner's report to the trustees of Museum of Military Intelligence`

IreporttothecharitytrusteesonmyexaminationoftheaccountsofMuseumofMilitaryIntelligence(theTrust) for
the year ended 31 December 2022.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof theTrust'saccountscarriedoutunderSection145of theActandin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.

`Independent examiner's statement`

Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentioninconnection 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.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

David Stevens
The Institute of Chartered Accountants in England and Wales

Bright Brown Limited
Chartered Accountants
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ

Date: .............................................

Page 3

MUSEUM OF MILITARY INTELLIGENCE

`STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`

`2022` `Unrestricted` `fund` `Notes` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `51,270` `Investment income` `2` `46` `Total` `51,316` `EXPENDITURE ON` `Charitable activities` `Museum development` `36,236` `NET INCOME` `15,080` `RECONCILIATION OF FUNDS` `Total funds brought forward` `15,692` `TOTAL FUNDS CARRIED FORWARD` `30,772`	`2021` `Total` `funds` `£` `95,574` `1`
	`95,575`
	`87,705`
	`7,870` `7,822`
	`15,692`

The notes form part of these financial statements

Page 4

MUSEUM OF MILITARY INTELLIGENCE

`BALANCE SHEET 31 DECEMBER 2022`

`2022` `Unrestricted` `fund` `Notes` `£` `CURRENT ASSETS` `Cash at bank` `31,372` `CREDITORS` `Amounts falling due within one year` `5` `(600)` `NET CURRENT ASSETS` `30,772` `TOTAL ASSETS LESS CURRENT LIABILITIES` `30,772` `NET ASSETS` `30,772` `FUNDS` `6` `Unrestricted funds` `30,772` `TOTAL FUNDS` `30,772`	`2021` `Total` `funds` `£` `16,280` `(588)` `15,692` `15,692` `15,692` `15,692` `15,692`

The financial statements were approved by the Board of Trustees and authorised for issue on 27/11/2023 ............................................. and were signed on its behalf by:

A M SOMMERLAD (Chair)

.............................................

Trustee

The notes form part of these financial statements

Page 5

MUSEUM OF MILITARY INTELLIGENCE

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Income`

All income is recognised in the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it
is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccruals basis
andhasbeenclassifiedunderheadingsthataggregateallcostrelatedto thecategory.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`2. INVESTMENT INCOME`

`INVESTMENT INCOME`
	`2022`	`2021`
	`£`	`£`
`Deposit account interest`	`46`		`1`

continued...

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MUSEUM OF MILITARY INTELLIGENCE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

`3. TRUSTEES' REMUNERATION AND BENEFITS`

There were no trustees'remunerationor other benefitsfor the year ended 31 December 2022 nor for the year
ended 31 December 2021.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December2022norfortheyear ended
31 December 2021.

`4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`
	`Unrestricted`
	`fund`
	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations and legacies`	`95,574`
`Investment income`	`1`
`Total`	`95,575`
`EXPENDITURE ON`
`Charitable activities`
`Museum development`	`87,705`
`NET INCOME`	`7,870`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`	`7,822`
`TOTAL FUNDS CARRIED FORWARD`	`15,692`

continued...

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MUSEUM OF MILITARY INTELLIGENCE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

`5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

`5.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2022`	`2021`
			`£`	`£`
	`Other creditors`		`600`	`588`
`6.`	`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.1.22`	`in funds`	`31.12.22`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`15,692`	`15,080`	`30,772`
	`TOTAL FUNDS`	`15,692`	`15,080`	`30,772`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`51,316`	`(36,236)`	`15,080`
	`TOTAL FUNDS`	`51,316`	`(36,236)`	`15,080`
	`Comparatives for movement in funds`
			`Net`
			`movement`	`At`
		`At 1.1.21`	`in funds`	`31.12.21`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`7,822`	`7,870`	`15,692`
	`TOTAL FUNDS`	`7,822`	`7,870`	`15,692`

continued...

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MUSEUM OF MILITARY INTELLIGENCE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

`6. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`95,575`	`(87,705)`	`7,870`
`TOTAL FUNDS`	`95,575`	`(87,705)`	`7,870`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 1.1.21`	`in funds`	`31.12.22`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`7,822`	`22,950`	`30,772`
`TOTAL FUNDS`	`7,822`	`22,950`	`30,772`

Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedinthe above
are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`146,891`	`(123,941)`	`22,950`
`TOTAL FUNDS`	`146,891`	`(123,941)`	`22,950`

continued...

Page 9

MUSEUM OF MILITARY INTELLIGENCE

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

`7. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 December 2022.

Page 10

MUSEUM OF MILITARY INTELLIGENCE

`DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022`

	`2022`	`2021`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`51,270`	`25,574`
`Grants`	`-`	`70,000`
	`51,270`	`95,574`
`Investment income`
`Deposit account interest`	`46`	`1`
`Total incoming resources`	`51,316`	`95,575`
`EXPENDITURE`
`Charitable activities`
`Fundraising`	`15,349`	`57,461`
`Sundries`	`-`	`40`
`Legal and professional fees`	`19,080`	`10,650`
`Travel and accommodation`	`273`	`858`
`Accountancy`	`600`	`588`
`Accountancy (under)/ over accrual`	`12`	`24`
`Management charges`	`-`	`18,018`
`Post and stationery`	`-`	`66`
`Computer costs`	`922`	`-`
	`36,236`	`87,705`
`Total resources expended`	`36,236`	`87,705`
`Net income`	`15,080`	`7,870`

This page does not form part of the statutory financial statements

Page 11