|||**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**|**Trustees' Annual Report for theperiod**| |---|---|---|---|---|---|---|---|---| ||**From**|Period start date|||**To**|Period end date||| |||1|January|2023||31|December|2023| Section A Reference and administration details **Charity name** The Rifles Wardrobe and Museum Trust **Other names charity is known by** **Registered charity number (if any)** 1184091 |**Charity's principal address**|The Wardrobe|| |---|---|---| ||58, The Close|| ||Salisbury|| ||**Postcode**|SP1 2EX| ## **Names of the charity trustee/directors who manage the charity** |**Ser**|**Trustee/Director name**|**Office (if any)**|**Dates acted if not for whole year **|**Name of person (or body) entitled to**
**appoint trustee (ifany)**| |---|---|---|---|---| |1|NJ Walker|Chairman||| |2|JMC Rylands|||| |3|CJS Perkins|||| |4|A Johnson|||| |5|APK Fontana|||| |6|S Bailey|||| |7|E Cowell|||| |8|K Buchan-Smith|||| |9|C Maconochie|||| |10|WS Sherman|||| ## **Section B Structure, governance and management** ## **Description of the charity’s trusts** - Type of governing document (eg. trust deed, constitution)[Trust deed] How the charity is constituted (eg. trust, association, company)[Charitable Trust and Private Limited Company (No 12003671)] Trustee selection methods (eg. appointed by, elected by) Co-option of individuals in accordance with the Scheme criteria by a decision at a meeting of the Board of Trustee/Directors March **2012** **TAR** 1 ## **Section C Objectives and activities** |**Section C**|**Objectives and activities**| |---|---| |**Summary of the objects of**
**the charity set out in its**
**governing document**
**Summary of the main**
**activities undertaken for the**
**public benefit in relation to**
**these objects (include within**
**this section the statutory**
**declaration that trustees**
**have had regard to the**
**guidance issued by the**
**Charity Commission on**
**public benefit)**|The objects of the charity in the following order of priority are:
a. The administraton and maintenance of the property belonging to the
charity and known as The Wardrobe, at Salisbury, in the County of Wiltshire.
b. The provision and maintenance of a public museum for the exhibiton to
the public, of documents, artefacts and other items connected with the
former regiments (the Regimental Collecton) so as to educate the public
and members of the former regiments in the history of the former
regiments and to promote military efciency.| ||This charity follows enduring objectves as shown above; main actvites in relaton
to these objectves are the planning, fnancing and executon of rolling programmes
of maintenance and improvement for the listed building and its grounds, of displays
and exhibitons both in the museum and elsewhere in the Regimental Countes of
Berkshire and Wiltshire, and of educaton and outreach aimed at educatonal
groups.
In deciding on the main actvites, the trustees have had regard to the guidance
issued by the Charity Commission on public beneft.| |Section D|Achievements and performance| |---|---| |**Summary of the main**
**achievements of the charity**
**during the year**|| ||The main achievements of the Trust during the reportng period have been to:
Increase visitor engagement and improve visitor numbers in relaton to prior
periods, by ofering events such as a Living History Festval.
Update and expand the number of objects, artefacts and research materials
available through our website
Plan and prepare for a major redevelopment of the museum, to reconfgure,
update and improve our displays and history
The Museum’s temporary exhibiton for 2023 was enttled Hidden military impact
on popular culture.| ||| |**Section E**|**Financial review**| |**Brief statement of the**
**charity’s policy on reserves**|| ||The trustees regularly review the fnances, budgets and expenditure against
budget together with an analysis of cash fow.
Reserves Policy. The policy of the Trustees is to retain sufcient reserves in cash to
enable the routne operaton of The Wardrobe site and the museum to contnue
for a minimum period of six months.
Investments. Investments are made for growth based largely on managed funds.
Capital growth is used to invest in the museum as and when required.| March **2012** **TAR** 2 **Details of any funds materially in deficit** None ## **Section F Other optional information** ## **Section G Declaration** **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** APK Fontana **Position (eg Secretary,** Managing Trustee **Chair, etc) Date** 25 October 2024 March **2012** **TAR** 3 Company Re8lStration Number: I2￿)3671 THE RIFLES WARDROBE AND MUSEUM TRUST LIMITED ANNUAL REPORT AND ACCOUNTS FOR YEAR ENOING 310ECEMBER 2023 Company Infomiatlon Dirertors JMC Rylands NJ Walker as Perkins Ajohnson APK Fontana SC 8ailey EP Cowell K Buchan-smith J Hadfield CS Maconachie WH Sherman Secretary CJ Gale Charity Number 1184091 . Registered Offi The Wardrobe 58, The Close Salisbury SPI 2EX Independent Examiner AD Brownhill 52, Kilford aose Amesbury SP4 7XS Bankers Lloyds Bank 16 Market Place Oldham OLI IJG l. Contents Pa8e Page No Company Information. Independent Examinerfs Report to the Trustees of The Rifles Wardrobe and Museum Trust......................... Statement of Assets and Liabilities.................................................................................................................... Receipts and Payments...................................................................................................................................... The Shop............................................... DIREcfoRS' REPORT The directors present their report and financial statements for the year erth 310e￿rnber 2023. Principal artivities The prinapal activities of the company are to: Admln15ter and maintain the property belonging to the charity and known as The Wardrobe, at Salisbury, in the County of Wiltshire- and 2 Provide and maintain a public museum for the exhibition of regimental artefacts to the public. Ststement of dirertorfs responsibilitks The directors are responsble for preparing the Dirertorf5 Report and the finoncial ststements in accordance with pplicable law and regulations. Company law requires the dirertor5 to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordan￿ wr(h United Kingdom Generally Accepted Accounting Printiples (United Kingdom Accounting Standards and applicable lawl- Under company law the directors must not approve the financial statements unless they are satisfied that they gNe a true and fair view of the state of affairs of the company and of the profit or foss of the company for that period. In preparing these financial ststements the directors are required to: Select suitable accounting policie5 and then apply them consistently. Make judgements and accounting estirnates that are rea50nable and prudent. Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company wll tontinue in business. The clirertors are responsible for keeping alequate accounting records that are sufficient to show and explain the companvs transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements compty with the Companies Act 2CM)6. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordano with the special provisions relating to small companies within Part IS of the Companies Act 2006. By order of the Board CJ Gale Secretary 26 January 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RIFLES WARDROBE AND MUSEUM TRUST I report on the attounts of the Rifles Wardrobe and Museum Trust for the period from l Jan to 31 Det 2023. The Museum had a normal opening year in 2023. but faced some unexpected costs. planned increases in stsff costs, alongside investments made for the future. These combined to create a significant loss, but this is expected to improve in 2024 and beyond. Some of the additional investment applie5 to Projert Update25 tsking place in 2024. The accounts are set out on Pages 4 to 8. Responslbllltles •nd Basls of Report As the charity trustees of the Trust. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arf}. I report In respert of my examination of the Trusvs accounts carried out under Section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under Section 14515llbl of the Act. x.. Independent Examlnerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gNes me cause to believe that in, any material respect- accounting ￿COrdS were not kept in accordance with Sertion 130 of the Art or the accounts do not accord with the accounting records. I have no concerns and have come acr055 no other matters in connertion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. A Brownhill MIA8 25 March 2024 52, Kilford Close Amesbury SP4 7XS THE RIFLES WARDROBE AND MUSEUM TRUST STATEMENT OF ASSETS AND UABIUTIES Notes 2023 2022 Cash Funds COIF Attount Savings Account INationwide) Savin85 Account IWMSFIPatronsl Current Account Cash in hand Paypal Account 16.455 12.938 2.780 3.140 695 17 15.764 42.707 12.969 25.516 989 239 36.025 98.184 Other Moneta Debtors Tradlng Cornpany Others Total Assets 36,025 98.184 Liabilities Creditors Total Cash and other Monetary Assets 36,021 98.184 Other Assets Shop stock 7.489 8.284 Investment Assets {at valuation) 813,411 778,589 Total Nei Assets 856.921 885.057 Note5: l. Shop stock tske around 04 Dec 2023. 2. Estimate of value around 01 Jan 2024, adjusted from value on 11 Mar 20241814,2161 Approved by the Board on 5 April 2024 Slgned on behalf of the Board by the Managing Trustee S April 2024 THE RIFLES WARDROBE AND MUSEUM TRUST RECEIPTS AND PAYME14TS 2023 2022 Re¢elpts Notes Operating Activities to Further Charity's Objectives Museum ticket sales 23.216 24.295 Operatln8 Artfvltles to Generate Funds Museum Shop Sales Post and Packing charges made for sales Research Talks at The Wardrobe Schools Visit Room Hire (not through WTCI Royalties & Copyright 6.359 8C 6,584 622 1,437 45 27 2,032 1.733 54 10,611 10,855 Investment Income Proceeds from Sale of Investments Bank interest (COIF account) Bank interest (Nationwide) Bank interest {WMSF/Patrons Attountl 691 231 134 153 21 1.056 180 ,1 Oonatlon5. Leiacie5 and Other Slmllar Receipts . Wardrobe Trading Company Donations Contactless Giving Device Grants 40.476 4.085 297 41,176 3,895 303 24.(XXI 2.713 4,321 4.500 1.815 4.350 Gift Aid W and MSFIPatrons 75,892 56,039 Other Recelpts T¢)tsl Re¢eipts 110.775 91.369 Notes: THE RIFLES WARDROBE ANO MUSEUM TRUST Payments 2023 2022 Payments for Generating Fund5 Coach House Maintenance Research cost5 Museum Shop Operating Costs Museum Shop Stock Purchases 270 374 1,4S4 3,203 1.557 2.542 4.369 5,031 Charltable Payments Tourism related Subscriptions Museum related Subscriptions Fire & Seturity Building5 Insurance Contents Insurance Trust Manager Iwas Manager Curator) Curator (was Assistant Curator) Marketing Assistsnt Weekend Desk Manning Paid Staff Expenses Volunteer Expenses BuildingJGarden Maintenance Ilncl. Ground Rent) General Museum Purchases Museum Artefact Acquisitions Conservation Exhibition costs Public Events Schools Visit Costs Advertising Publicity (incl Printing) Web Site and IT Equipment l.(M)8 718 928 743 4.147 36.689 32,848 4.363 5,107 462 925 2,453 3,190 32,218 27,S46 4,989 141 1,071 4,372 357 69 657 1.030 70 2.659 2.487 1,149 56 3.403 335 3,232 3,698 103.120 86.304 Management and Admlnlstratlon Management Costs Ilncl. Purchase of Jade Vault Shares) Training Office Equipment Office Postage Office Consumables Ilncl. Printer Usage) Bank Charge51 Investment Administration VITC Costs 20.155 298 158 247 634 20 1.442 1.326 378 13 13 22.281 2.813 Other Payments Lease Reassignment costs New Legal Entity Costs Garden Proje Update25 Project Grant For Growth Projett 135 25,lJX) 16,8(K) 1.231 3,416 43,166 172,938 3,416 97,564 Total Payments THE RIFLES WARDROBE AND MUSEUM TRUST Net Recelpts/Payments Cash and Other Monetary Funds as at l Jan Cash and other Monetary Funds as at 31 Dec -62,163 98.184 -6,195 104,379 36,021 98.184 Notes.. Buildings Insurance and ground rent have previously been paid by the MOD as part of their support. However, with no waming these bills have not been paid in 2023 and the Trust has had to pay these. A new part-time Marketin8 Assistsnt was employed from August 2023. A copy set of medals was purchased for display on the late Duke of Edinbur8h'5 uniform. This was a one-off cost. The Trust invested £20.OLIJ in mining company Jade Vault in 2023. The Trust invested £25.0￿ in improving the Museum's garden. This was part paid for through a £20,000 grant from the RG8W Association. An initial payment for the Update25 projert. taking place during 2024. fell in December 2023. This proiert is being paid for by grants and other fundraising initiatives. THE SHOP 2023 2022 Shop Sales {Incl. Post/Pack Charges) 7,159 6,584 Cost of Sales Opening Stock Shop Purchases 8.284 2.542 10.826 7.489 5.391 3.203 8.594 8.284 C105ing Stock 3.337 3.822 310 Shop Profit befo￿ operating costs 6,274 Operating Costs Card payment device Postage Cardnet Charges EPOS Till Website Transartion Fees Shop Consumables Total Shop profit 217 382 207 323 457 360 107 360 115 1.557 2.265 1,454 4,820 Percentsge Profit Cakulator 2023 2022 Cost of Goods Sold Opening Stock + Stock In + Operating Costs Value of goods Disposed of at Cost (gift5, Write-offs) Add value of Closing Stock at Cost 12.383 10,048 7.489 8,284 7.489 4.894 8.284 1.764 Cost of Goods Sold IA- B) In¢ome from Sales sales Intome + Closing Stock Deduct figure at B above Income from Sales 14,648 7,489 14.868 8,284 7.159 6,584 Prollt Income from Sales (Fi8 DI Deduct cost of goods sold (Fig C} Profit 7.159 4,894 6.584 1.764 2.265 4,820 P¢r¢¢ntase Profft Is: Exl(Kl 46% ExliXI 273% Company Re8lStration Number: I2￿)3671 THE RIFLES WARDROBE AND MUSEUM TRUST LIMITED ANNUAL REPORT AND ACCOUNTS FOR YEAR ENOING 310ECEMBER 2023 Company Infomiatlon Dirertors JMC Rylands NJ Walker as Perkins Ajohnson APK Fontana SC 8ailey EP Cowell K Buchan-smith J Hadfield CS Maconachie WH Sherman Secretary CJ Gale Charity Number 1184091 . Registered Offi The Wardrobe 58, The Close Salisbury SPI 2EX Independent Examiner AD Brownhill 52, Kilford aose Amesbury SP4 7XS Bankers Lloyds Bank 16 Market Place Oldham OLI IJG l. Contents Pa8e Page No Company Information. Independent Examinerfs Report to the Trustees of The Rifles Wardrobe and Museum Trust......................... Statement of Assets and Liabilities.................................................................................................................... Receipts and Payments...................................................................................................................................... The Shop............................................... DIREcfoRS' REPORT The directors present their report and financial statements for the year erth 310e￿rnber 2023. Principal artivities The prinapal activities of the company are to: Admln15ter and maintain the property belonging to the charity and known as The Wardrobe, at Salisbury, in the County of Wiltshire- and 2 Provide and maintain a public museum for the exhibition of regimental artefacts to the public. Ststement of dirertorfs responsibilitks The directors are responsble for preparing the Dirertorf5 Report and the finoncial ststements in accordance with pplicable law and regulations. Company law requires the dirertor5 to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordan￿ wr(h United Kingdom Generally Accepted Accounting Printiples (United Kingdom Accounting Standards and applicable lawl- Under company law the directors must not approve the financial statements unless they are satisfied that they gNe a true and fair view of the state of affairs of the company and of the profit or foss of the company for that period. In preparing these financial ststements the directors are required to: Select suitable accounting policie5 and then apply them consistently. Make judgements and accounting estirnates that are rea50nable and prudent. Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company wll tontinue in business. The clirertors are responsible for keeping alequate accounting records that are sufficient to show and explain the companvs transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements compty with the Companies Act 2CM)6. They are also responsible for safeguarding the assets of the company and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. This report has been prepared in accordano with the special provisions relating to small companies within Part IS of the Companies Act 2006. By order of the Board CJ Gale Secretary 26 January 2023 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE RIFLES WARDROBE AND MUSEUM TRUST I report on the attounts of the Rifles Wardrobe and Museum Trust for the period from l Jan to 31 Det 2023. The Museum had a normal opening year in 2023. but faced some unexpected costs. planned increases in stsff costs, alongside investments made for the future. These combined to create a significant loss, but this is expected to improve in 2024 and beyond. Some of the additional investment applie5 to Projert Update25 tsking place in 2024. The accounts are set out on Pages 4 to 8. Responslbllltles •nd Basls of Report As the charity trustees of the Trust. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111.the Arf}. I report In respert of my examination of the Trusvs accounts carried out under Section 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under Section 14515llbl of the Act. x.. Independent Examlnerfs Statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gNes me cause to believe that in, any material respect- accounting ￿COrdS were not kept in accordance with Sertion 130 of the Art or the accounts do not accord with the accounting records. I have no concerns and have come acr055 no other matters in connertion with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. A Brownhill MIA8 25 March 2024 52, Kilford Close Amesbury SP4 7XS THE RIFLES WARDROBE AND MUSEUM TRUST STATEMENT OF ASSETS AND UABIUTIES Notes 2023 2022 Cash Funds COIF Attount Savings Account INationwide) Savin85 Account IWMSFIPatronsl Current Account Cash in hand Paypal Account 16.455 12.938 2.780 3.140 695 17 15.764 42.707 12.969 25.516 989 239 36.025 98.184 Other Moneta Debtors Tradlng Cornpany Others Total Assets 36,025 98.184 Liabilities Creditors Total Cash and other Monetary Assets 36,021 98.184 Other Assets Shop stock 7.489 8.284 Investment Assets {at valuation) 813,411 778,589 Total Nei Assets 856.921 885.057 Note5: l. Shop stock tske around 04 Dec 2023. 2. Estimate of value around 01 Jan 2024, adjusted from value on 11 Mar 20241814,2161 Approved by the Board on 5 April 2024 Slgned on behalf of the Board by the Managing Trustee S April 2024 THE RIFLES WARDROBE AND MUSEUM TRUST RECEIPTS AND PAYME14TS 2023 2022 Re¢elpts Notes Operating Activities to Further Charity's Objectives Museum ticket sales 23.216 24.295 Operatln8 Artfvltles to Generate Funds Museum Shop Sales Post and Packing charges made for sales Research Talks at The Wardrobe Schools Visit Room Hire (not through WTCI Royalties & Copyright 6.359 8C 6,584 622 1,437 45 27 2,032 1.733 54 10,611 10,855 Investment Income Proceeds from Sale of Investments Bank interest (COIF account) Bank interest (Nationwide) Bank interest {WMSF/Patrons Attountl 691 231 134 153 21 1.056 180 ,1 Oonatlon5. Leiacie5 and Other Slmllar Receipts . Wardrobe Trading Company Donations Contactless Giving Device Grants 40.476 4.085 297 41,176 3,895 303 24.(XXI 2.713 4,321 4.500 1.815 4.350 Gift Aid W and MSFIPatrons 75,892 56,039 Other Recelpts T¢)tsl Re¢eipts 110.775 91.369 Notes: THE RIFLES WARDROBE ANO MUSEUM TRUST Payments 2023 2022 Payments for Generating Fund5 Coach House Maintenance Research cost5 Museum Shop Operating Costs Museum Shop Stock Purchases 270 374 1,4S4 3,203 1.557 2.542 4.369 5,031 Charltable Payments Tourism related Subscriptions Museum related Subscriptions Fire & Seturity Building5 Insurance Contents Insurance Trust Manager Iwas Manager Curator) Curator (was Assistant Curator) Marketing Assistsnt Weekend Desk Manning Paid Staff Expenses Volunteer Expenses BuildingJGarden Maintenance Ilncl. Ground Rent) General Museum Purchases Museum Artefact Acquisitions Conservation Exhibition costs Public Events Schools Visit Costs Advertising Publicity (incl Printing) Web Site and IT Equipment l.(M)8 718 928 743 4.147 36.689 32,848 4.363 5,107 462 925 2,453 3,190 32,218 27,S46 4,989 141 1,071 4,372 357 69 657 1.030 70 2.659 2.487 1,149 56 3.403 335 3,232 3,698 103.120 86.304 Management and Admlnlstratlon Management Costs Ilncl. Purchase of Jade Vault Shares) Training Office Equipment Office Postage Office Consumables Ilncl. Printer Usage) Bank Charge51 Investment Administration VITC Costs 20.155 298 158 247 634 20 1.442 1.326 378 13 13 22.281 2.813 Other Payments Lease Reassignment costs New Legal Entity Costs Garden Proje Update25 Project Grant For Growth Projett 135 25,lJX) 16,8(K) 1.231 3,416 43,166 172,938 3,416 97,564 Total Payments THE RIFLES WARDROBE AND MUSEUM TRUST Net Recelpts/Payments Cash and Other Monetary Funds as at l Jan Cash and other Monetary Funds as at 31 Dec -62,163 98.184 -6,195 104,379 36,021 98.184 Notes.. Buildings Insurance and ground rent have previously been paid by the MOD as part of their support. However, with no waming these bills have not been paid in 2023 and the Trust has had to pay these. A new part-time Marketin8 Assistsnt was employed from August 2023. A copy set of medals was purchased for display on the late Duke of Edinbur8h'5 uniform. This was a one-off cost. The Trust invested £20.OLIJ in mining company Jade Vault in 2023. The Trust invested £25.0￿ in improving the Museum's garden. This was part paid for through a £20,000 grant from the RG8W Association. An initial payment for the Update25 projert. taking place during 2024. fell in December 2023. This proiert is being paid for by grants and other fundraising initiatives. THE SHOP 2023 2022 Shop Sales {Incl. Post/Pack Charges) 7,159 6,584 Cost of Sales Opening Stock Shop Purchases 8.284 2.542 10.826 7.489 5.391 3.203 8.594 8.284 C105ing Stock 3.337 3.822 310 Shop Profit befo￿ operating costs 6,274 Operating Costs Card payment device Postage Cardnet Charges EPOS Till Website Transartion Fees Shop Consumables Total Shop profit 217 382 207 323 457 360 107 360 115 1.557 2.265 1,454 4,820 Percentsge Profit Cakulator 2023 2022 Cost of Goods Sold Opening Stock + Stock In + Operating Costs Value of goods Disposed of at Cost (gift5, Write-offs) Add value of Closing Stock at Cost 12.383 10,048 7.489 8,284 7.489 4.894 8.284 1.764 Cost of Goods Sold IA- B) In¢ome from Sales sales Intome + Closing Stock Deduct figure at B above Income from Sales 14,648 7,489 14.868 8,284 7.159 6,584 Prollt Income from Sales (Fi8 DI Deduct cost of goods sold (Fig C} Profit 7.159 4,894 6.584 1.764 2.265 4,820 P¢r¢¢ntase Profft Is: Exl(Kl 46% ExliXI 273%