2021-12-31-accounts - The Rifles Wardrobe And Museum Trust

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	The objects ofthe charity in the following order of priority are:
	a. The administration and maintenance ofthe property belonging to the
	charity and known as The Wardrobe, at Salisbury, in the County of
Summary ofthe objects of	Wiltshire.
the charity set out in its governing document	b. The provision and maintenance ofa public museum for the exhibition to the public, ofdocuments, artefacts and other items connected with the
	former regiments (the RegimentalCollection) so as to educate the public
	and members ofthe former regiments in the history ofthe former
	regiments and to promote military efficiency.
Summary ofthe main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had	This charity follows enduring objectives as shown above; main activities in relation to these objectives are the planning, financing and execution of rolling progra mmes of maintenance and improvement for the listed building and its grounds, ofdisplays and exhibitions both in the museum and elsewhere in the Regimental Counties of Berkshire and Wiltshire, and ofeducation and outreach aimed at educational groups.
regard to the guidance issued by the Charity Commission on public	In deciding on the main activities, the trustees have had regard to the guidance issued by the Charity Commission on public benefit.
benefit)
~ ~	~ ~ ~
$um ma f th I mmary oi e main htevements ofthe charity dunng the year	Through th isfirst reporting period, activities have been sign ificant Iy curtaiIed by Coronavirus Health Emergency and Government decrees on lockdown and other restrictions on business Practices.
	The main achievement ofthe Trust during the reporting period was to provide a
	museum open for approx. 6 months to members ofthe public, following COVID-
	secure guidelines. During the periods ofenforced closure, continued public access
	to the Collection was achieved to a limited degree through the Museum web site.
	The Museum's temporary exhibition for 2020 was entitled "Medals".
Briefstatement ofthe, charity's policy on reserves	The trustees regularly review the finances, budgets and expenditure against budget together with an analysis ofcash flow.
	Reserves Policy. The policy ofthe Trustees isto retain sufficient reserves in cash to
	enable the routine operation ofThe Wardrobe site and the museum to continue.
	Investments. Investments are made for growth based largely on managed funds.
Details ofany funds materially in deficit	None

Contents					Page
					Page No
Company Information.
Independent	Examiner's	Report to the Trustees ofThe Rifles Wardrobe	and Museum	Trust ...
Statement	ofAssets and	Liabilities
Receipts and Payments ..
The Shop..

		2021		2020
Cash Funds
COIF Account		15,861		15,858
Savings Account	(Nationwide)	42,686		26,671
Savings Account	(WMSF/Patrons)	8,613		1,794
Current Account		36,442		23,478
Cash in hand		741		798
			104,343		68,469
Other Moneta	Assets
Debtors
Trading Company		0
Others		163
			163
Total Assets			104,506		68,469
Liabilities
Creditors			127
Total Cash and other Monetary Assets			104,379		68,469
Other Assets
Shop stock			5,391		5,&33
Investment Assets (at valuation)			840,785		776,962
Total Net Assets			950,555		851,224
Notes:

				2021	2020
Receipts
			Notes
Operating Activities to Further	Charity's Objectives
Museum ticket sales				15,112	11,339
Operating Activities to Generate		Funds
Museum Shop Sales				5,512	3,308
Post and Packing charges made for sales				789	496
Research				2,235	2,125
Talks at The Wardrobe				42	0
Schools Visit				610	299
Room Hire (not through WTC)				672	0
Royalties &Copyright				46	87
One Hundred Club				0	237
				9,906	6,552
Investment Income
Proceeds from Sale of Investments				0	10,000
Bank interest (COIF account)				3	75
Bank interest (Nationwide)				15	210
Bank interest (WMSF/Patrons	Account)			0	0
				18	10,285
Donations, Legacies and Other	Similar Receipts
Wardrobe Trading Company				45,160	36,045
Donations				1,779	1,206
Contactless Giving Device				75	0
Grants			2	48,068	43,987
Gift Aid				0	375
W and MSF/Patrons			3	6,819	3,812
				101,901	85,365
Other Receipts
Total Receipts				126,937	113,541

		Grants	Summary		Amount
Corona	Virus Retail,	Hospitality	and Leisure Business Grant		25,093
Corona	Job Retention	(Furlough)	Scheme		6,975
RGBW	Charities				16,000
				Tota I	48,068

Payments		2021	2020
Payments for Generating	Funds
Coach House Maintenance		0	87
Research costs		316	297
Museum Shop Operating	Costs	1359	1,387
Museum Shop Stock Purchases		2217	942
		3,892	2713
Charitable Payments
Tourism related Subscriptions		533	934
Museum related Subscriptions		0	255
Fire &Security		0	101
Contents Insurance		2,179	2,309
Trust Manager (was Manager Curator)		27,649	32,819
Curator (was Assistant Curator)		26,031	20,507
Weekend Desk Manning		2,968	1,994
Paid Staff Expenses		0	38
Volunteer Expenses		2,345	873
Building/Garden Maintenance		3,433	3858
General Museum Purchases		236	74
Museum Artefact Acquisitions		861	0
Conservation		1,503	449
Exhibition costs		1,557	1,095
Schools Visit Costs		0	29
Advertising		401	982
Publicity (incl Printing)		92	435
Web Site and IT Equipment		8,085	4,644
		77,873	71,396
Management and Administration
Management Costs		130	48
Training		239	0
Office Equipment		703	321
Postage		29	116
Office Consumables (Incl COVID-19)		902	1,899
Bank Charges/ Investment	Administration	98	7
WTC Costs		13	13
		2,114
Other Payments
Lease Reassignment costs		0	12,525
New Legal Entity costs		0	1,164
Grant For Growth Project		~7148	~4319
		7,148	18,008
Total Payments		91,027	94,521
Net Receipts/Payments		35,910	19,020
Cash and Other Monetary	Funds as at 1"Jan	68,469	49,449
Cash and other Monetary	Funds as at 31"Dec	194,319	68,469

Shop Sales					5,512			3,308
Cost ofSales
Opening Stock				5,833			6,129
Shop Purchases				2,217			942
				8,050			7,071
Closing Stock				5,391			5,833
					2,659			1,238
Shop Profit before operating			costs		2,853			2,070
Operating Costs
Card payment device				187			204
Postage				373			168
Cardnet Charges				293			251
EPOS Till				360			486
Website Transaction		Fees		125			97
Shop Consumables				22			150
Total					1,360			1,356
Shop profit					1,493			714
Percen e Profit Calcula r
Ct fttcd 5 Id					2021			2020
Opening Stock +Stock In +Operating				Costs		9,410	A		8,427
Value ofgoods Disposed ofat Cost (gifts, write-offs)								0
Add value ofClosing	Stock at		cost		5,391			5,833
						5,391	8		5,833
CostofGoodsSold	A-8					4,019	C		2,594
Income from Sales
Sales income+ Closing Stock					10,903			9,141
Deduct figure at 8above					5,391			5,833
Income from Sales						5,512	D		3,308
Profit
Income from Sales (Fig D)					5,512			3,308
Deduct cost ofgoods		sold (Fig C)			4,019			2,594
Profit						1,493	E		714
Percentage Profit is:					E x 100	3716		E x 100	27.596
					C

Contents					Page
					Page No
Company Information.
Independent	Examiner's	Report to the Trustees ofThe Rifles Wardrobe	and Museum	Trust ...
Statement	ofAssets and	Liabilities
Receipts and Payments ..
The Shop..

		2021		2020
Cash Funds
COIF Account		15,861		15,858
Savings Account	(Nationwide)	42,686		26,671
Savings Account	(WMSF/Patrons)	8,613		1,794
Current Account		36,442		23,478
Cash in hand		741		798
			104,343		68,469
Other Moneta	Assets
Debtors
Trading Company		0
Others		163
			163
Total Assets			104,506		68,469
Liabilities
Creditors			127
Total Cash and other Monetary Assets			104,379		68,469
Other Assets
Shop stock			5,391		5,&33
Investment Assets (at valuation)			840,785		776,962
Total Net Assets			950,555		851,224
Notes:

				2021	2020
Receipts
			Notes
Operating Activities to Further	Charity's Objectives
Museum ticket sales				15,112	11,339
Operating Activities to Generate		Funds
Museum Shop Sales				5,512	3,308
Post and Packing charges made for sales				789	496
Research				2,235	2,125
Talks at The Wardrobe				42	0
Schools Visit				610	299
Room Hire (not through WTC)				672	0
Royalties &Copyright				46	87
One Hundred Club				0	237
				9,906	6,552
Investment Income
Proceeds from Sale of Investments				0	10,000
Bank interest (COIF account)				3	75
Bank interest (Nationwide)				15	210
Bank interest (WMSF/Patrons	Account)			0	0
				18	10,285
Donations, Legacies and Other	Similar Receipts
Wardrobe Trading Company				45,160	36,045
Donations				1,779	1,206
Contactless Giving Device				75	0
Grants			2	48,068	43,987
Gift Aid				0	375
W and MSF/Patrons			3	6,819	3,812
				101,901	85,365
Other Receipts
Total Receipts				126,937	113,541

		Grants	Summary		Amount
Corona	Virus Retail,	Hospitality	and Leisure Business Grant		25,093
Corona	Job Retention	(Furlough)	Scheme		6,975
RGBW	Charities				16,000
				Tota I	48,068

Payments		2021	2020
Payments for Generating	Funds
Coach House Maintenance		0	87
Research costs		316	297
Museum Shop Operating	Costs	1359	1,387
Museum Shop Stock Purchases		2217	942
		3,892	2713
Charitable Payments
Tourism related Subscriptions		533	934
Museum related Subscriptions		0	255
Fire &Security		0	101
Contents Insurance		2,179	2,309
Trust Manager (was Manager Curator)		27,649	32,819
Curator (was Assistant Curator)		26,031	20,507
Weekend Desk Manning		2,968	1,994
Paid Staff Expenses		0	38
Volunteer Expenses		2,345	873
Building/Garden Maintenance		3,433	3858
General Museum Purchases		236	74
Museum Artefact Acquisitions		861	0
Conservation		1,503	449
Exhibition costs		1,557	1,095
Schools Visit Costs		0	29
Advertising		401	982
Publicity (incl Printing)		92	435
Web Site and IT Equipment		8,085	4,644
		77,873	71,396
Management and Administration
Management Costs		130	48
Training		239	0
Office Equipment		703	321
Postage		29	116
Office Consumables (Incl COVID-19)		902	1,899
Bank Charges/ Investment	Administration	98	7
WTC Costs		13	13
		2,114
Other Payments
Lease Reassignment costs		0	12,525
New Legal Entity costs		0	1,164
Grant For Growth Project		~7148	~4319
		7,148	18,008
Total Payments		91,027	94,521
Net Receipts/Payments		35,910	19,020
Cash and Other Monetary	Funds as at 1"Jan	68,469	49,449
Cash and other Monetary	Funds as at 31"Dec	194,319	68,469

Shop Sales					5,512			3,308
Cost ofSales
Opening Stock				5,833			6,129
Shop Purchases				2,217			942
				8,050			7,071
Closing Stock				5,391			5,833
					2,659			1,238
Shop Profit before operating			costs		2,853			2,070
Operating Costs
Card payment device				187			204
Postage				373			168
Cardnet Charges				293			251
EPOS Till				360			486
Website Transaction		Fees		125			97
Shop Consumables				22			150
Total					1,360			1,356
Shop profit					1,493			714
Percen e Profit Calcula r
Ct fttcd 5 Id					2021			2020
Opening Stock +Stock In +Operating				Costs		9,410	A		8,427
Value ofgoods Disposed ofat Cost (gifts, write-offs)								0
Add value ofClosing	Stock at		cost		5,391			5,833
						5,391	8		5,833
CostofGoodsSold	A-8					4,019	C		2,594
Income from Sales
Sales income+ Closing Stock					10,903			9,141
Deduct figure at 8above					5,391			5,833
Income from Sales						5,512	D		3,308
Profit
Income from Sales (Fig D)					5,512			3,308
Deduct cost ofgoods		sold (Fig C)			4,019			2,594
Profit						1,493	E		714
Percentage Profit is:					E x 100	3716		E x 100	27.596
					C