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2024-12-31-accounts
| TRUSTEES |
Colonel JRJ Powell OBE |
|
Major D Bradley |
|
Major 0 Pollard BA |
|
Mn
Beeston |
|
Mrs S CTWarren |
|
Mr H Thomas MBE |
|
Majori Bennett |
|
Brigadier OWStokes MBEChair |
| PRINCIPALADDRESS |
PrincessofWales Royal Regiment |
|
Leros Barracks |
|
Sturry Road |
|
Canterbury |
|
Kent |
|
cri 1HR |
| REGISTERED CHARITY NUMBER |
1198899 |
| INDEPENDENTEXAMINER |
Xeinadin Audit Ltd |
|
19 North Street |
|
Ashford |
|
Kent |
|
TN24 8LF |
| HON. LEGALADVISOR |
A Moss |
| BANKERS |
The Royal BankofScotland Plc |
|
Victoria Road |
|
Farnborough |
|
GU147NR |
|
Sarasin & Partners LIP |
|
Juxon House |
|
100 St. Paul~s Churchyard |
|
London |
|
EC4M 8BU |
24/06/2025
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
Total |
Total |
|
|
Designated |
Unrestricted |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOMEAND ENDOWMENTS FROM |
|
|
|
|
|
| Donations and legacies |
|
- |
46,992 |
46,992 |
57,732 |
| Charitable activities |
|
|
|
|
|
| Friendsofthe Museum |
|
840 |
2,183 |
3,023 |
3,466 |
| Investment income |
3 |
35,038 |
7,423 |
42,461 |
32,429 |
| Total |
|
35,878 |
56,598 |
92,476 |
93,627 |
| EXPENDITURE ON |
|
|
|
|
|
| Charitable activities |
|
|
|
|
|
| Friendsofthe Museum |
|
15,322 |
71,458 |
86,780 |
109,676 |
| Netgains on investments |
|
104,019 |
14,860 |
118,879 |
71,761 |
| NETOPERATING POSITION |
|
124,575 |
- |
124,575 |
55,712 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
1,207,726 |
316,819 |
1,524,545 |
1,468,833 |
| TOTAL FUNDS CARRIED FORWARD |
|
1,332,301 |
316,819 |
1,649,120 |
1,524,545 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
Total |
Total |
|
|
Designated |
Unrestricted |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXEDASSETS |
|
|
|
|
|
| Tangible assets |
6 |
- |
1,056 |
1,056 |
7,409 |
| Heritage assets |
7 |
- |
33,925 |
33,925 |
33,925 |
| Investments |
8 |
1,289,164 |
182,495 |
1,471,659 |
1,354,784 |
|
|
1,289,164 |
217,476 |
1,506,640 |
1,396,118 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
9 |
- |
75,263 |
75,263 |
77,503 |
| Cash in hand |
|
43,137 |
29,360 |
72,497 |
71,165 |
|
|
43,137 |
104,623 |
147,760 |
148,668 |
| CREDITORS |
|
|
|
|
|
| Amountsfalling duewithin oneyear |
10 |
- |
(5,280) |
(5,280) |
(20,241) |
| NET CURRENTASSETS |
|
43,137 |
99,343 |
142,480 |
128,427 |
| TOTALASSETS LESSCURRENTLIABILITIES |
|
1,332,301 |
316,819 |
1,649,120 |
1,524,545 |
| NETASSETS |
|
1,332,301 |
316,819 |
1,649,120 |
1,524,545 |
| FUNDS |
11 |
|
|
|
|
| Unrestricted funds |
|
|
|
1,649,120 |
1,524,545 |
| TOTAL FUNDS |
|
|
|
1,649,120 |
1,524,545 |
| 3. |
INVESTMENT INCOME |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
£ |
£ |
|
Otherfixed asset invest - FlI |
40,043 |
28,095 |
|
Deposit accountinterest |
2,418 |
4,334 |
|
|
42,461 |
32,429 |
|
31.12.24 |
31.12.23 |
| Employees |
3 |
3 |
| 6. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Fixtures |
|
|
|
|
and |
Computer |
|
|
|
fittings |
equipment |
Totals |
|
|
£ |
£ |
£ |
|
COST |
|
|
|
|
At 1January 2024 |
50,838 |
16,060 |
66,898 |
|
Additions |
- |
449 |
449 |
|
At 31 December 2024 |
50,838 |
16,509 |
67,347 |
|
DEPRECIATION |
|
|
|
|
At 1January 2024 |
49,539 |
9,950 |
59,489 |
|
Chargeforyear |
1,299 |
5,503 |
6,802 |
|
At 31 December 2024 |
50,838 |
15,453 |
66,291 |
|
NET BOOKVALUE |
|
|
|
|
At31 December 2024 |
|
1,056 |
1,056 |
|
At31 December 2023 |
1,299 |
6,110 |
7,409 |
| 7. |
HERITAGE ASSETS |
|
|
|
|
|
|
|
Total |
|
|
|
|
£ |
|
MARKET VALUE |
|
|
|
|
At 1January 2024and 31 December2024 |
|
|
33,925 |
|
NET BOOKVALUE |
|
|
|
|
At 31 December 2024 |
|
|
33,925 |
|
At 31 December 2023 |
|
|
33,925 |
| . |
FIXED ASSETINVESTMENTS |
|
|
|
|
|
|
Cash and |
|
|
|
Listed |
settlements |
|
|
|
investments |
pending |
Totals |
|
|
£ |
£ |
£ |
|
MARKETVALUE |
|
|
|
|
At 1January 2024 |
1,354,784 |
2,508 |
1,357,292 |
|
Additions |
765 |
- |
765 |
|
Revaluations |
116,110 |
(807) |
115,303 |
|
At 31 December 2024 |
1,471,659 |
1,701 |
1,473,360 |
|
PROVISIONS |
|
|
|
|
Atiianuary 2024 |
- |
2,508 |
2,508 |
|
Revaluation adjustments |
|
(807) |
(807) |
|
At31 December 2024 |
- |
1,701 |
1,701 |
|
NET BOOKVALUE |
|
|
|
|
At 31 December2024 |
1,471,659 |
- |
1,471,659 |
|
At 31 December 2023 |
1,354,784 |
- |
1,354,784 |
|
Therewere no investment assetsoutsidethe UK. |
|
|
|
|
Costor valuation at31 December2024 is represented by: |
|
|
|
|
|
|
Cash and |
|
|
|
Listed |
settlements |
|
|
|
investments |
pending |
Totals |
|
|
£ |
£ |
£ |
|
Valuation in 2024 |
1,471,659 |
1,701 |
1,473,360 |
| 9. |
DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR |
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
£ |
£ |
|
Otherdebtors |
|
170 |
85 |
|
Club |
|
|
150 |
|
IntergroupAccount - PWRR |
|
75,093 |
77,183 |
|
Prepayments and accrued income |
|
- |
85 |
|
|
|
75,263 |
77,503 |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Tradecreditors |
51 |
7,248 |
| Taxation and social security |
454 |
1,262 |
| Other creditors |
4,775 |
11,731 |
|
5,280 |
20,241 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.24 |
infunds |
31.12.24 |
|
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
| Fund |
316,819 |
- |
316,819 |
| Surrey Infantry Museum Fund |
1,207,726 |
124,575 |
1,332,301 |
|
1,524,545 |
124,575 |
1,649,120 |
| TOTAL FUNDS |
1,524,545 |
124,575 |
1,649,120 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestrictedfunds |
|
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
|
| Fund |
56,598 |
(71,458) |
14,860 |
- |
| Surrey Infantry Museum Fund |
35,878 |
(15,322) |
104,019 |
124,575 |
|
92,476 |
(86,780) |
118,879 |
124,575 |
| TOTAL FUNDS |
92,476 |
(86,780) |
118,879 |
124,575 |
| Comparativesformovementinfunds |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.23 |
in funds |
funds |
31.12.23 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
|
| Fund |
261,107 |
(18,323) |
28,667 |
271,451 |
| Surrey Infantry Museum Fund |
1,207,726 |
74,035 |
(28,667) |
1,253,094 |
|
1,468,833 |
55,712 |
|
1,524,545 |
| TOTAL FUNDS |
1,468,833 |
55,712 |
|
1,524,545 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
|
| Fund |
31,687 |
(60,587) |
10,577 |
(18,323) |
| Surrey Infantry Museum Fund |
61,940 |
(49,089) |
61,184 |
74,035 |
|
93,627 |
(109,676) |
71,761 |
55,712 |
| TOTAL FUNDS |
93,627 |
(109,676) |
71,761 |
55,712 |
|
|
Net |
Transfers |
|
|
|
movement |
between |
At |
|
At 1.1.23 |
in funds |
funds |
31.12.24 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
|
| Fund |
261,107 |
(18,323) |
28,667 |
390,556 |
| Surrey Infantry Museum Fund |
1,207,726 |
198,610 |
(28,667) |
1,258,564 |
|
1,468,833 |
180,287 |
- |
1,649,120 |
| TOTAL FUNDS |
1,468,833 |
180,287 |
- |
1,649,120 |
| are asfollows: |
|
|
|
|
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
infunds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| PWRR and Queen’s Regiment Museum |
|
|
|
|
| Fund |
88,285 |
(132,045) |
25,437 |
(18,323) |
| Surrey Infantry Museum Fund |
97,818 |
(64,411) |
165,203 |
198,610 |
|
186,103 |
(196,456) |
190,640 |
180,287 |
| TOTAL FUNDS |
186,103 |
(196,456) |
190,640 |
180,287 |
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| INCOMEAND ENDOWMENTS |
|
|
| Donationsand legacies |
|
|
| Donations |
12,264 |
18,047 |
| Grants |
34,728 |
39,685 |
|
46,992 |
57,732 |
| Investment income |
|
|
| Otherfixed asset invest - FII |
40,043 |
28,095 |
| Depositaccountinterest |
2,418 |
4,334 |
|
42,461 |
32,429 |
| Charitable activities |
|
|
| Friendsof the Museum |
3,023 |
3,466 |
| Total incomingresources |
92,476 |
93,627 |
| EXPENDITURE |
|
|
| Charitableactivities |
|
|
| Wages |
59,248 |
65,405 |
| Pensions |
560 |
511 |
| Other operating leases |
2,397 |
3,533 |
| Rent |
(8,282) |
- |
| Travel |
2,643 |
780 |
| Telephone |
246 |
2,034 |
| Advertising |
193 |
|
| Sundries |
2,616 |
2,534 |
| Membership Fees |
509 |
5,920 |
| Printing and Stationery |
- |
702 |
| Repairs and Renewals |
5,816 |
6,216 |
| Consultancy |
- |
2,130 |
| Insurance |
|
5,604 |
| Fixtures and fittings |
1,299 |
1,346 |
| Computerequipment |
5,503 |
110 |
|
72,748 |
96,825 |
| Supportcosts |
|
|
| Finance |
|
|
| Bank charges |
(5) |
- |
|
31.12.24 |
31.12.23 |
| Finance |
£ |
£ |
| Governance costs |
|
|
| Auditors’ remuneration |
2,200 |
- |
| Auditors’ remunerationfor non audit work |
5,936 |
6,360 |
| Accountancy and legal fees |
5,901 |
6,491 |
|
14,037 |
12,851 |
| Total resources expended |
86,780 |
109,676 |
| Net income/(expendfture) beforegainsand |
|
|
| tosses |
5,696 |
(16,049) |
| Realised recognised gainsand losses |
|
|
| Realised gains/(Iosses) on fixed asset |
|
|
| investments |
118,879 |
71,761 |
| Net income |
124,575 |
55,712 |