**REGISTERED CHARITY NUMBER: 1195390**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
# **FOR**
**WW1 Remembrance Centre**
## **WW1 Remembrance Centre**
## **CONTENTS OF THE ANNUAL REPORT FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
|Page||
|---|---|
|Report of the Trustees|1 to 4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes|7 to 11|
## **WW1 Remembrance Centre**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
The trustees present their report with the financial statements of the charity for the period 1 April 2022 to 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: 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 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objects and Aims**
The WW1 Remembrance Centre, To advance education for the public benefit in the stories and events of the First World War through collecting, preserving, and interpreting Artefacts, Photographs, Documents, Manuscripts, And oral history testimony, and through the operation of a museum, workshops, lectures and battlefield tours. Nothing in this constitution shall authorise an application of the property of the CIO for purposes which are not charitable.
## **Activities**
The WW1 Remembrance Centre hosts group visits from schools, clubs and associations and both current and former members of the Armed Forces. We also host students undertaking work placements, young people volunteering as part of the Duke of Edinburgh Award Scheme, and overseas students learning English language, culture and history. Guided tours of WW1 battlefields in Belgium and France are arranged in association with the Centre, but are operated independently. Our Museum is open to the public six days a week, (subject to availability of volunteers), with entry free of charge.
The WW1 Remembrance Centre premises are in a Scheduled Ancient Monument, without mains electricity, gas, water supply or drainage, which imposes particular challenges for access, safety and comfort of staff and visitors. The Trust intends to continue to occupy, conserve and maintain these premises on behalf of the landlord, Portsmouth City Council, and to work within the limits of Scheduled Monument restrictions to keep the building safe and accessible. The Trust will undertake fundraising events to finance this and our core activities, while maintaining a sound financial base.
## **Activities outside the UK**
The Trust undertakes no activity outside the UK.
## **Trading subsidiaries**
The Trust has no trading subsidiaries
## **Public benefit**
In accordance with the requirements of the Charities Act 2011 and the associated Charities (Accounts and Reports) Regulations 2008, the trustees confirm that they have complied with their duties to have due regard to the guidance on public benefit as published by the Charity Commission, in exercising their powers and duties in the period under review.
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Page 1
## **WW1 Remembrance Centre**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **FINANCIAL REVIEW**
## **Overview**
Prior to and since becoming a Charitable Trust, the WW1 Remembrance Centre has always tried to achieve financial balance each year. However, the unpredictable and somewhat seasonal nature of reliance on donations means that management of cash flow can be difficult across the financial year. To resolve this it will be necessary to build up a moderate cash reserve to absorb fluctuations in receipts and outgoings.
## **Investment Policy**
The Trust has no excess cash balances at present and therefore has no investments. In the event of the charity having funds to invest the trustees will consider the options, taking independent financial advice where necessary. The trustees’ policy will be to use low risk investments with the best income generating possibilities.
## **Reserves Policy**
The Trust currently has no cash reserves.
Page 3
## **WW1 Remembrance Centre**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity was incorporated as a Charitable Incorporated Organisation on 4 August 2021.
## **Organisation structure**
The Trust is overseen by a Board of 5 Trustees. Day to day management of the WW1 Remembrance Centre is the responsibility of the CEO, who is accountable to the Board of Trustees.
## **Volunteers**
The WW1 Remembrance Centre is staffed by a full-time (unpaid) Chief Executive Officer, and a team of regular volunteers, supported by occasional volunteers who donate time and specialist skills such as model-making, electrical work and carpentry.
## **Wider networks and related parties**
The Trust is not a member of any wider network. The Trust has entered into a related party transaction with Deployable Solutions Ltd. for the provision of security alarms and CCTV monitoring at our premises. Deployable Solutions Ltd is owned and operated by the WW1 Remembrance Centre Patron and former Trustee, Ben French.
## **Safeguarding**
The WW1 Remembrance Centre hosts volunteers and students aged under-18. Our CEO is DBS checked and is present at all times when young or vulnerable people are on site.
## **Risk management**
The trustees have conducted a review of the major risks to which the charity is exposed. Where appropriate systems or procedures have been established to mitigate the risks the charity faces.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1191737
## **Registered office**
Portsmouth Guildhall Guildhall Square Portsmouth Hampshire PO1 2AB
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## **WW1 Remembrance Centre**
## **REPORT OF THE TRUSTEES FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Trustees**
A Coombs J Gandar (Chair) M Pearson A Ridgway S Haskell
## **Bankers**
National Westminster Bank 107 St James' Square NEWPORT Isle of Wight
Approved by order of the board of trustees on 29[th] November 2023 and signed on its behalf by:
J Gandar – Trustee (Chair)
Page 4
## **WW1 Remembrance Centre STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
|Unrestricte
d funds
No
tes
£
**OPENING BALANCE AT 1.4.22**
**INCOME AND ENDOWMENTS**
**FROM**
Donations and legacies
2599.71
**Charitable activities**
Museum Operation
-
Investment income
-
**Total**
2599.71
**EXPENDITURE ON**
**Charitable activities**
MuseumOperation
2702.04
**NET INCOME**
-102.33
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
692.62
590.29
**TOTAL FUNDS CARRIED**
**FORWARD**
-
590.29|31.3.23
Restricted
fund
Total
funds
£
£
692.
62
-
2599.71
-
-
-
-
-
2599.71
-
2702.04
-
-102.33
-
-
590.29
-
-
590.29|
|---|---|
The notes form part of these financial statements
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## **WW1 Remembrance Centre**
## **BALANCE SHEET AT 31 MARCH 2023**
|||31.3.23|
|---|---|---|
||Notes|£|
|**CURRENT ASSETS**|||
|Debtors||-|
|Cash at bank and in hand||590.29|
|||-|
|**CREDITORS**|||
|Amounts falling due within one year||-|
|**NET CURRENT ASSETS**||-|
|**TOTAL ASSETS LESS CURRENT**|||
|**LIABILITIES**||-|
|**NET ASSETS**||-|
|**FUNDS**|||
|Unrestricted funds|||
|||590.29|
|Restricted funds||-|
|**TOTAL FUNDS**||590.29|
|590.29|||
The financial statements were approved and authorised for issue by the Board of Trustees on 20[th] October 2022 and were signed on its behalf by:
J Gandar - Trustee (Chair)
The notes form part of these financial statements
Page 6 continued...
## **WW1 Remembrance Centre**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: 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 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Income**
Voluntary income including donations, gifts and legacies and grants that provide core funding or are of a general nature are recognised where there is entitlement, the receipt is probable and the amount can be measured with sufficient reliability.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income received under contract or where entitlement to grant funding is subject to specific performance conditions. Such income is only deferred when:
- the donor specifies that the grant or donation must only be used in future accounting periods; or
- the donor has imposed conditions which must be met before the charity has unconditional entitlement.
## **Volunteers and donated services**
The value of services provided by volunteers is not incorporated into these financial statements.
Where goods or services are provided to the charity as a donation that would normally be purchased from suppliers, these contributions are included in the financial statements at an estimate based on the value of the contribution to the charity.
## **Expenditure**
Expenditure is recognised when a liability is incurred. Contractual arrangements are recognised as goods or services are supplied.
- Costs of raising funds are those costs incurred in attracting voluntary income.
- Charitable activities include expenditure associated with supporting the WW1 Remembrance Centre. Charitable activities include both the direct costs and support costs relating to these activities.
- Support and Governance costs include central functions and have been allocated to activities on a basis consistent with the use of resources.
## **Irrecoverable VAT**
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All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
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## **WW1 Remembrance Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings, etc - 20% and 33% on cost
Individual fixed assets costing £250 or more are capitalised at cost.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the 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. DONATIONS AND LEGACIES**
**----- Start of picture text -----**
31.3.23
£
Donated goods and services 2599.71
INVESTMENT INCOME
31.3.22
£
Interest received 0
INCOME FROM CHARITABLE ACTIVITIES
31.3.22
Activity £
Grants Supporting Museum Activities 0
2599.71
**----- End of picture text -----**
## **3. INVESTMENT INCOME**
## **4. INCOME FROM CHARITABLE ACTIVITIES**
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## **WW1 Remembrance Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 4 AUGUST 2021 TO 31 MARCH 2022**
**----- Start of picture text -----**
5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs Totals
costs
(See note 6) (See note
7)
£ £ £
-
Supporting Trust Activity
6. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.23
£
Building Security and 770.00
Maintenance
Insurance 732.00
Sanitation 1200.00
-
2702.00
7. SUPPORT COSTS
Governanc
Managem e costs Totals
ent
£ £ £
Supporting Museum Activities -
Support costs, included in the above, are as follows:
Management
31.3.23
Supporting
Trust
Activity
£
IT and communications costs
Governance costs
31.3.23
Supporting
Trust
Activity
Page 9
**----- End of picture text -----**
£ - Trustees’ indemnity insurance Legal and professional fees - -
2702.00
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## **WW1 Remembrance Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **8. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the period ended 31 March 2022.
## **Trustees' expenses**
During the period no trustee was reimbursed for out of pocket expenses.
## **9. STAFF COSTS**
The charity had no employees in the period and therefore no employee received emoluments in excess of £60,000.
## **10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
31.3.23 £ Accrued income - Other debtors -
-
## **11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||31.3.23|
|---|---|
||£|
|Trade creditors|-|
|Other creditors|-|
||-|
## **12. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed assets
Current assets
Current liabilities
590.29
590.29|31.3.23
Unrestricte
d funds
Restricted
fund
Total
funds
£
£
£
-
-
-
590.29
-
590.29
-
-
-
590.29
-
-
-
590.29|
|---|---|
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## **WW1 Remembrance Centre**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE PERIOD 1 APRIL 2022 TO 31 MARCH 2023**
## **13. MOVEMENT IN FUNDS**
|||Net|Transfers||
|---|---|---|---|---|
|||movement|between||
||At 1.4.22|in funds|funds|At 31.3.23|
||£|£|£|£|
|**Unrestricted funds**|||||
|Generalfund|692.62|-102.33|-|590.29|
Net movement in funds, included in the above are as follows:
|||||||Net|
|---|---|---|---|---|---|---|
|||||Incoming|Resources|movement|
|||||resources|expended|in funds|
|||||£|£|£|
|**Unrestricted**|**funds**||||||
|General|2599.71|2702.04|-102.33||||
|fund|||||||
## **14. RELATED PARTY DISCLOSURES**
The Trust has entered into a related party transaction with Deploylable Solutions Ltd, owned by Museum Patron and former Trustee Mr B French for the provision of CCTV monitoring and security of the Museum premises, with effect From 20 November 2023.
## **15. ULTIMATE CONTROLLING PARTY**
The charity is under the control of its trustees. No one trustee has control of the charity.
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