REGISTERED CHARITY NUMBER: 271943
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023
FOR
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
Tattersall Bailey Chartered Accountants 14A Main Street Cockermouth Cumbria CA13 9LQ
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023
| Page | |
|---|---|
| Reference and Administrative Details | 1 |
| Statement of Chair of Trustees | 2 |
| Report of the Trustees | 3 to 9 |
| Independent Examiner's Report | 10 |
| Statement of Financial Activities | 11 |
| Balance Sheet | 12 |
| Notes to the Financial Statements | 13 to 18 |
| Detailed Statement of Financial Activities | 19 to 20 |
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 28 FEBRUARY 2023
Charity number
271943
Trustees Colonel Andrew Dennis OBE (Chairman) Serving Officer, The Duke of Lancaster's Regiment Colonel Michael. G. Diss OBE TD Retired Industrialist Major A. Paul Chandler TD Retired / resigned May 2022 Major Mark English TD Financial advisor / retired Army Reserve Officer Mrs. Julie M. Fitzsimmins Marketing Executive Mr. Colin W. Glover Retired Carlisle City Councillor Mr. Peter T. Hampson Director, British Resorts and Destinations Association Ms. Viv Parry Accountant Capt Peter Reynolds Serving Army Officer Ex-Officio Vacant Museum Manager Mrs J Wooding FHA BA(Hons) Principal address Alma Block, The Castle, Carlisle, Cumbria, CA3 3UR Independent Examiner Luke Tattersall FCA Bankers RBC Plc, 36 St Andrew's Square, Edinburgh, EH2 2YB Cartmell Shepherd, Viaduct House, Carlisle, Cumbria, Solicitors CA3 8EX Tattersall Bailey, 3 Fisher Street, Carlisle, Cumbria, Accountants CA3 8RR
Page 1
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
STATEMENT OF CHAIR OF TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
Our collective team of staff, volunteers, friends, and trustees support an expansive ambition for Cumbria's Museum of Military Life. We developed it pre-covid and it still guides us. Our vision is that by sharing a locally and regionally renowned collection of military history the museum becomes:
A Hub of vibrant communities of interest
A focal point for visitors to Carlisle and Cumbria.
A strong support to the military community, with a focus on the current and antecedent regiments
We track our progress through a set of six major objectives. This report sets out our progress in reaching them. The headlines are:
We continue to engage visitors. The Museum welcomed 27880 visitors in 2022-2023.
We are developing communities: From 699 school pupils undertaking a workshop to 326 veterans at our monthly lunches, we continue to engage and interact with our audiences in a meaningful way. > Our collection is well managed and accessible. We have over 18,000 items recorded on our MODES database including photographs, archives, books, and artefacts and engage actively with the Military community.
This represents great progress, rooted in no small way in the support we have gained from donors in the sector. Our successful grant applications included support from the Art Fund for Audience Development work, and from the Association of Independent Museums for governance support and a Collections Care audit. Our Resilient Alma project awarded by the National Lottery Heritage Fund is now in its second year and continues to deliver in all areas from staff training through to expanding learning and access
Though this is a report and not a forecast we recognise that there is further work for us to do. We are conscious of the need to continually refine our governance, improve our collections management and embrace the digital age - and work continues in all these areas. Alongside this we are managing to attract visitors and provide resources to enable our activities. We don't take this for granted and have made some successful changes this year.
In conclusion we, the trustees, think that Cumbria's Museum of Military Life is a vibrant organisation which makes a worthwhile contribution to our city, county, and wider community. The evidence is in this report.
COL A DENNIS OBE
Page 2
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
The trustees present their report with the financial statements of the charity for the year ended 28 February 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).
Page 3
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
OBJECTIVES AND ACTIVITIES Statement of Purpose:
Our mission is: Through diligent stewardship of its collections, Cumbria's Museum of Military Life tells the story of ordinary people doing extraordinary things, enriching people's lives in our local, regional, international specialist and military communities of interest.
Our Core Values , as Trustees, Staff, Volunteers and Friends we share these values for the Museum:
People - our visitors, donors, military community and local and regional community are why we exist - to enrich their lives
Stewardship - we are the current custodians of the collection, we value it for now and the future, and we endeavour to ensure it is cared for to the best possible standard so that it remains available to fulfil our mission
Learning - we value learning ourselves and continually seek to enhance our knowledge and try to help others learn in formal and informal settings.
Curiosity - We take a strong interest in our collection and enhancing it, and the communities we serve - we want to know more about them, this underpins our learning and helps us to create exhibitions and events which stimulate curiosity in others to enable them to understand the meaning and relevance of the military experience.
Our underpinning values: As people we will behave with
Integrity and accountability
Commitment and loyalty to the Museum and
We will serve our community with respect for each other and all our visitors.
Our vision is:
By sharing a locally and regionally renowned collection of military history the museum becomes:
- A Hub of vibrant communities of interest
A focal point for visitors to Carlisle and Cumbria.
A strong support to the military community, with a focus on the current and antecedent regiments
The Organisation:
The Museum was originally established within Carlisle Castle in 1932 by Officers of the Border Regiment to house the military collections of the local infantry regiment 'The Border Regiment', to promote its traditions and showcase its history. As the collections grew, the Museum relocated within the Castle, and on 8 May 1976, the King's Own Royal Border Regiment Museum Trust was established. The Museum was granted Accredited Status in September 2019 and is recognised as an Accredited Museum by Arts Council England (No. 435).
Operating as Cumbria's Museum of Military Life (CMoML), the Museum is still situated within Carlisle Castle, a scheduled ancient monument which houses the former barrack buildings of the Border Regiment Depot. The Museum is currently located in Alma Block, the former Regimental Institute, moving to its present location in 2014 with support from the Heritage Lottery Fund. The Museum building is occupied under the terms of a lease held by the Museum Trustees from Historic England/English Heritage, who manage Carlisle Castle as a visitor attraction and as a monument in care. The Museum opens to the public every day from April to November, and weekends from November to February. From February to Easter the Museum opens six days a week excluding Friday.
The Museum has a ground floor exhibition space of 278 square metres with a permanent display showcasing the history of the County Infantry Regiment and its soldiers past and present. There is a small shop and a café (operated by John Watts & Sons from Easter to the end of October). A flexible first floor space of 80 square metres enables the museum to install temporary exhibitions, deliver education workshops and host events.
Page 4
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
The collections consist of: 2000 books and Journals; Objects c. 15,000; Archives and documents c. 6000; Photographs and images including negatives c. 60,000. These items relate to the current Duke of Lancaster's Regiment and its forebears back into the 18th Century. In addition, access to the collection is provided through research facilities and online virtual tour access (https://www.cumbriasmuseumofmilitarylife.org/museum/virtual-tour/) together with a full programme of over 200 outreach events both at the Museum and across the region (latest list enclosed as Annex A).
The Museum operates with a Museum Manager, a Museum Assistant, and a part-time Assistant, who are employed by the Charity and one Museum Assistant funded by the MoD. A part-time Learning Assistant funded by the Heritage Fund resigned in January 2023. The MoD also fund certain utility costs within the Museum. All other operational costs are funded by the Charity.
Our 2019 Museum Forward plan established six main objectives in support of achieving our vision. These remain our guide for all activities, and we monitor and evaluate performance in each.
-
Provide a broad and varied engagement programme.
-
Manage and care for the Museum Collections
-
Provide high quality user services.
-
Become resilient and sustainable.
-
Develop the capability of the Board of Trustees, staff and volunteers.
-
Enhance our digital presence.
Page 5
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
ACHIEVEMENT AND PERFORMANCE
1. Provide a Broad and Varied Engagement Programme (Mar 22 - Feb 23):
Our engagement programme has continued to expand this year as we rebuild our audiences post-COVID. We continued to re-establish connections with local schools, communities, and audiences throughout this period. Our regular schools' workshops saw 11 schools visit to learn about the First and Second World Wars. This was enhanced with an additional 7 schools taking part in a joint Remembrance workshop with Carlisle Cathedral. In total, 699 pupils attended school sessions at the Museum.
The Museum continued to engage with veterans and our monthly Veterans Lunch provided a welcoming venue for ex-service personnel to come together in an informal setting, subsidised by local supermarkets and charitable donations. 326 veterans attended 11 lunches between March and February. Museum staff attended Association meetings and have direct connections to other veterans' organisations within Cumbria providing a valuable link.
Our monthly Tuesday talks programme restarted in September 2022. The Museum hosted a variety of speakers bringing a range of military-related topics to the area. The five talks held within this period saw an attendance of 194.
Throughout the school holidays, the Museum delivered 11 free creative Wednesday workshops from finding out what it was like to be a Roman soldier (as part of the Hadrian 1900 celebrations) to making a lion and dragon craft. An additional royal-themed workshop celebrating the Queen's Jubilee engaged families visiting over the bank holiday.
Working with the Friends of the Museum, the Museum hosted a Saturday talks programme with an accompanying Military Festival. Local organisations from the County Archives to the Family History Society were also present. The festival saw re-enactment groups camping in the Outer Ward and engaging with visiting families throughout the weekend.
The Museum hosted one touring exhibition during this period. Delayed by COVID, this was a partnership exhibition between The Fusiliers Museum in Bury, The Lancashire Infantry Museum in Preston, The National Football Museum and Cumbria Archives. Funded by the Sporting Heritage Network, the exhibition ran for eight weeks and explored the connection between football and the Army.
As part of our remit to develop sustainability, we secured a grant from the Art Fund to work with consultants and now have in place an audience development plan to help frame future development.
2. Manage and care for the Museum Collections:
The Museum continues to care for its collections and in September commissioned a Collections Care Audit funded by the Association for Independent Museums. This report will provide the basis for future collections work and help towards securing additional funding. During this period 42 items were accessioned into the collections. Over 18,000 items are recorded on the MODES database including photographs, archives, books, and artefacts. Volunteers continue to support staff inputting data into MODES.
All acquisitions fall within the scope of the Museum's Acquisitions and Disposals Policy. Staff and volunteers have started to review our framed collections - condition checking, documenting, repackaging, and relocating them within the store. Funding from the Friends of the Museum enabled the Museum to reshelve our small store to provide a dedicated area for artwork.
3. Provide high quality user services:
The Museum welcomed 27880 visitors to Alma Block during this period. Our Front desk staff continue to provide a high level of customer service to enhance the visitor experience. We continue to work with English Heritage to provide a site-wide offer and operate a successful joint admission ticket to enable visitors to view both Carlisle Castle and the Museum.
The Museum promoted activity and events through the local newspapers, local radio and staff were interviewed on Border TV. This included coverage of the unveiling of the King's Own Royal Border Regiment plaque in May and the Museum's 90th birthday in December.
The Museum continues to offer a research service for family history enquiries. Twenty-two enquiries were completed during this period.
Page 6
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
4. Become resilient and sustainable:
The Museum is currently delivering a National Lottery Heritage Fund project to make it more sustainable. 'Resilient Alma' runs from 2021 to 2025 and provides funding for staff and trustees to develop skills to assist with future planning and practice. This includes working with a consultant to look at fundraising activity, from individual giving to donations and The Friends of the Museum funded a bespoke donations box for the main gallery. We trialled a 'sponsor an object' campaign as part of the Museum's 90th birthday celebrations to encourage sponsors to donate money to the Museum by adopting an object for the year.
As part of the Museum's retail review, a retail consultant was commissioned to evaluate the current offer and make recommendations for future development. This included using local suppliers and developing new products for the shop.
The Museum team worked with a variety of partners including Carlisle Cathedral to support Remembrance activity for schools, and English Heritage to develop a successful visitor tour for the re-opening of the Castle cells for Heritage Open Day in September.
5. Develop the capability of the Board of Trustees, staff, and volunteers:
The Resilient Alma project included training and support for the Museum Board and Trustees, staff, and stakeholders worked with Digi-Board to complete an online governance questionnaire. This was followed up with practical, hands-on support from the Association of Independent Museum who funded a consultant to work in more depth with staff and Trustees.
Funding from the Heritage Fund enabled a staff member to undertake a part-time AAT Level 2 Certificate in Accounting course. The Group of Education in Museum provided a bursary for the Learning and Access Assistant to undertake the GEM Foundation course in Museum Learning and staff have attended training throughout the year including a MODES Advanced course, disability awareness training, and a First Aid course.
Volunteers continue to play an important part in the Museum undertaking a variety of tasks including general maintenance, reception duties, data input, holiday workshops, veterans' lunches, collections care and exhibition support. 26 volunteers have given over 1000 hours of their time between March 2022 and February 2023.
6. Enhance our digital presence:
Over the year, we have continued to maintain our website and interact on social media. Over 17,000 people visited our website. Museum staff have shared collections stories and promoted activities though our social media accounts with 65659 using Facebook and Twitter. This included a sustained '90 days to our 90th birthday' social media campaign from September to December. We also opened a TikTok account developing a unique way to interact with 77640 online visitors.
As part of our Resilient Alma project, we will be working with consultants to review our website and improve our digital engagement which remains a priority objective.
FINANCIAL REVIEW
2022-2023 is the first full financial year that has been: clear of Covid closures; under the new management structure including café arrangements; using revised ticketing arrangements with English heritage; and the implementation of Xero bookkeeping for financial control. All of these changes have bedded in and are reflected in a much stronger financial situation. Museum activities are now sustainably supported by income generated from: visitors; retail activities; grants; and donor support. In FY2023/2024 the trustees will re-establish a formal reserve based on a revised strategic risk assessment. Improvements in financial control will continue through staff training and improvements in financial governance through a dashboard approach.
The overall responsibility for the accounts is dealt with by Mr Luke tattersall of Tattersall Bailey Chartered Accountants.
The attached accounts comply with the current statutory requirements and with the requirements of the charity's governing instrument.
Page 7
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 28 FEBRUARY 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing Document
The King's Own Royal Border Regiment Museum Fund is an unincorporated association and is constituted by Deed of Trust and is a registered charity, No. 271943. The Museum Fund is constituted by a Deed of Trust dated 8th May 1976.
Note -The current working/operating title of the Museum is "Cumbria's Museum of Military Life".
Appointment / Removal of Trustees
The power to appoint or remove any of the Trustees is with the remaining trustees.
Recruitment, Induction and Training of New Trustees
New Trustees are recruited for the skills that they can bring to the body of Trustees.
An induction package is available for new Trustees. This includes a Trustee Manual, appropriate documents and briefings by the Chairman and Curator.
Training is arranged for new Trustees, where a need is identified.
Organisational Structure
The Manager is responsible for the day to day running of the museum in accordance with the Policies and Objectives set by the Trustees.
The Manager is supported in her role by:
> Chair of Trustees
Trustees
- Regimental Secretary, The Duke of Lancaster's Regiment, Preston
Other Trustees are appointed to support specific activities where this is deemed necessary and appropriate.
The Trustees include a former senior Officer of the Regiment working in the MoD, a former senior Manager in Industry, an executive in the Tourism Industry, a senior marketing executive, an accountant, a local councillor, a financial advisor, and members of the Regiment. All Trustees have a wide range of skills and expertise, from which the Charity benefits and calls upon on a regular basis.
Risk Management
The major risks to which the charity is exposed, as identified by the Trustees, have been recorded in a register and are reviewed on a periodic basis. Actions are in place to mitigate those risks.
The risk register includes:
-
Pandemic or similar hazard
-
Reduction of MoD subsidy for staffing and energy
-
Failure to attract visitors.
-
Changes in the National Curriculum
-
Relationship breakdown with key partners
-
Government policy towards the region reduces support
-
Economic Downturn
RESPONSIBILITIES OF THE TRUSTEES
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.
Page 8
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023
In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently.
-
make judgements and estimates that are reasonable and prudent.
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
-
The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 1993. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Independent Examiner
The Trustees resolved to retain their independent examiner for the period of this reporting year.
Approved by order of the board of trustees on 19 December 2023 and signed on its behalf by:
Colonel A Dennis OBE - Trustee
Page 9
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
Independent examiner's report to the trustees of The King's Own Royal Border Regiment Museum Fund
I report to the charity trustees on my examination of the accounts of The King's Own Royal Border Regiment Museum Fund (the Trust) for the year ended 28 February 2023.
Responsibilities and basis 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 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Luke Tattersall ICAEW Tattersall Bailey Chartered Accountants
19 December 2023
Page 10
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023
| 28.2.23 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 36,227 Other trading activities 2 108,637 Investment income 3 20 Total 144,884 EXPENDITURE ON Raising funds - Cost of other trading activities 9,184 Charitable activities Charitable activities 122,047 Support costs 17,688 Total 148,919 NET INCOME/(EXPENDITURE) (4,035) RECONCILIATION OF FUNDS Total funds brought forward 274,171 TOTAL FUNDS CARRIED FORWARD 270,136 |
28.2.22 Total funds £ 132,601 110,461 2 243,064 9,795 103,031 16,670 129,496 113,568 160,603 274,171 |
|---|---|
The notes form part of these financial statements
Page 11
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
BALANCE SHEET 28 FEBRUARY 2023
| 28.2.23 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 109,277 CURRENT ASSETS Stocks 7 12,288 Debtors 8 1,990 Cash at bank and in hand 172,395 186,673 CREDITORS Amounts falling due within one year 9 (10,422) NET CURRENT ASSETS 176,251 TOTAL ASSETS LESS CURRENT LIABILITIES 285,528 CREDITORS Amounts falling due after more than one year 10 (15,392) NET ASSETS 270,136 FUNDS 12 Unrestricted funds 270,136 TOTAL FUNDS 270,136 |
28.2.22 Total funds £ 113,587 12,867 2,296 183,066 198,229 (15,522) 182,707 296,294 (22,123) 274,171 274,171 274,171 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 19 December 2023 and were signed on its behalf by:
A Dennis OBE - Trustee
The notes form part of these financial statements
Page 12
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 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.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - at varying rates on cost Fixtures and fittings - 10% on reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 13
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||||
|---|---|---|---|---|---|
| 28.2.23 | 28.2.22 | ||||
| £ | £ | ||||
| Shop income | 18,016 | 15,990 | |||
| Other income | 13,256 | 14,201 | |||
| Café | 1,158 | 6,439 | |||
| Admissions | 76,207 | 73,831 | |||
| 108,637 | 110,461 | ||||
| 3. | INVESTMENT INCOME | ||||
| 28.2.23 | 28.2.22 | ||||
| £ | £ | ||||
| Deposit account interest | 20 | 2 | |||
| 4. | TRUSTEES' REMUNERATION AND BENEFITS | ||||
| There were no trustees' remuneration or other benefits for the year ended 28 February | 2023 nor for the year | ||||
| ended 28 February 2022. | |||||
| Trustees' expenses | |||||
| There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended | |||||
| 28 February 2022. | |||||
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||
| Unrestricted | |||||
| fund | |||||
| £ | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 132,601 | ||||
| Other trading activities | 110,461 | ||||
| Investment income | 2 | ||||
| Total | 243,064 | ||||
| EXPENDITURE ON | |||||
| Raising funds | 9,795 | ||||
| Charitable activities | |||||
| Charitable activities | 103,031 | ||||
| Support costs | 16,670 | ||||
| Total | 129,496 | ||||
| NET INCOME | 113,568 | ||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 160,603 |
There were no trustees' remuneration or other benefits for the year ended 28 February 2023 nor for the year ended 28 February 2022.
There were no trustees' expenses paid for the year ended 28 February 2023 nor for the year ended 28 February 2022.
continued...
Page 14
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| TOTAL FUNDS CARRIED FORWARD 6. TANGIBLE FIXED ASSETS Plant and machinery £ COST At 1 March 2022 130,000 Additions - At 28 February 2023 130,000 DEPRECIATION At 1 March 2022 19,500 Charge for year 6,500 At 28 February 2023 26,000 NET BOOK VALUE At 28 February 2023 104,000 At 28 February 2022 110,500 7. STOCKS Stocks 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Prepayments |
Unrestricted fund £ 274,171 Fixtures and fittings Totals £ £ 26,046 156,046 2,433 2,433 28,479 158,479 22,959 42,459 243 6,743 23,202 49,202 5,277 109,277 3,087 113,587 28.2.23 28.2.22 £ £ 12,288 12,867 28.2.23 28.2.22 £ £ 1,285 1,548 705 748 1,990 2,296 |
|---|---|
Page 15
continued...
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
|---|---|---|---|---|---|---|
| 28.2.23 | 28.2.22 | |||||
| £ | £ | |||||
| Bank loans and overdrafts (see note 11) | 6,815 | 6,239 | ||||
| Trade creditors | 552 | 5,669 | ||||
| Taxation and social security | 1,935 | 1,728 | ||||
| Other creditors | 1,120 | 1,886 | ||||
| 10,422 | 15,522 | |||||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| 28.2.23 | 28.2.22 | |||||
| £ | £ | |||||
| Bank loans (see note 11) | 15,392 | 22,123 | ||||
| 11. | LOANS | |||||
| An analysis of the maturity of loans is given below: | ||||||
| 28.2.23 | 28.2.22 | |||||
| £ | £ | |||||
| Amounts falling due within one year on demand: | ||||||
| Bank loans | 6,815 | 6,239 | ||||
| Amounts falling between one and two years: | ||||||
| Bank loans - 1-2 years | 6,815 | 6,239 | ||||
| Amounts falling due between two and five years: | ||||||
| Bank loans - 2-5 years | 8,577 | 15,884 | ||||
| 12. | MOVEMENT IN FUNDS | |||||
| Net | ||||||
| movement | At | |||||
| At | 1.3.22 | in funds |
28.2.23 | |||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 274,171 | (4,035) | 270,136 | |||
| TOTAL FUNDS | 274,171 | (4,035) | 270,136 | |||
| Net movement in funds, included in the above are as follows: | ||||||
| Incoming | Resources |
Movement | ||||
| resources | expended |
in funds | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 144,884 | (148,919) | (4,035) | |||
| TOTAL FUNDS | 144,884 | (148,919) | (4,035) |
Page 16
continued...
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.3.21 £ 160,603 160,603 |
Net movement in funds £ 113,568 113,568 |
At 28.2.22 £ 274,171 274,171 |
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 243,064 243,064 |
Resources Movement expended in funds £ £ (129,496) 113,568 (129,496) 113,568 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.3.21 £ 160,603 160,603 |
Net movement in funds £ 109,533 109,533 |
At 28.2.23 £ 270,136 270,136 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 387,948 387,948 |
Resources Movement expended in funds £ £ (278,415) 109,533 (278,415) 109,533 |
|---|---|---|
continued...
Page 17
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 28 FEBRUARY 2023
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2023.
Page 18
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023
| 28.2.23 | 28.2.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Appeals and donations | 14,979 | 18,431 |
| Legacies | 11,000 | 10,700 |
| Grants | 10,248 | 103,470 |
| 36,227 | 132,601 | |
| Other trading activities | ||
| Shop income | 18,016 | 15,990 |
| Other income | 13,256 | 14,201 |
| Café | 1,158 | 6,439 |
| Admissions | 76,207 | 73,831 |
| 108,637 | 110,461 | |
| Investment income | ||
| Deposit account interest | 20 | 2 |
| Total incoming resources | 144,884 | 243,064 |
| EXPENDITURE | ||
| Other trading activities | ||
| Opening stock | 12,867 | 13,489 |
| Purchases | 8,605 | 9,173 |
| Closing stock | (12,288) | (12,867) |
| 9,184 | 9,795 | |
| Charitable activities | ||
| Wages | 76,444 | 66,018 |
| Pensions | 1,275 | 1,011 |
| Rates and water | 736 | 376 |
| Insurance | 6,925 | 5,004 |
| Repairs and maintenance | 15,970 | 17,631 |
| Postage, stationary and advertising | 3,650 | 3,475 |
| Staff Training | 2,453 | 3,887 |
| Event expenses | 4,573 | 1,375 |
| Exhibition costs | 3,278 | 249 |
| Depreciation of tangible fixed assets | 6,743 | 6,843 |
| 122,047 | 105,869 | |
| Support costs | ||
| Finance | ||
| Bank charges | 1,022 | 1,598 |
| Carried forward | 1,022 | 1,598 |
This page does not form part of the statutory financial statements
Page 19
THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023
| 28.2.23 | 28.2.22 | |
|---|---|---|
| £ | £ | |
| Finance | ||
| Brought forward | 1,022 | 1,598 |
| Bank interest | 676 | 336 |
| 1,698 | 1,934 | |
| Governance costs | ||
| Licence Fees/ Subscription | 2,303 | 2,196 |
| Accountancy Fees | 1,800 | 2,832 |
| Consulting | 11,887 | 6,870 |
| 15,990 | 11,898 | |
| Total resources expended | 148,919 | 129,496 |
| Net (expenditure)/income | (4,035) | 113,568 |
This page does not form part of the statutory financial statements
Page 20
Document electronically signed
www.fusesign.com
Document Details
Document ID 50d9b419-8af2-419d-9274-0dc064c62dd6 Document Bundle ID 402a0000-4892-0022-f0a5-08dc00ade2ab Uploaded to FuseSign 2023-12-19 16:21 +00:00 FuseSign subscriber Tattersall Bailey Chartered Accountants Initiator email jo.loyer@tbc.uk.com Signed by Andrew Dennis (andrew.dennis@cmoml.org), Luke Tattersall (luke.tattersall@tbc.uk.com) System finalisation 2023-12-22 07:41 +00:00 Verify URL https://app.fuse.work/fusesign/verify/50d9b419-8af2-419d-9274-0dc064c62dd6
Document Signers
Signer 1
Name Andrew Dennis Email andrew.dennis@cmoml.org Mobile N/A IP Address/es 87.75.142.233 Signed on Pages 11, 14 Verification Mode Unauthenticated Signer 2
----- Start of picture text -----
5fd00000-3a6b-000d-c0f8-08dc00ae0f37_Signature
----- End of picture text -----
Name Luke Tattersall Email luke.tattersall@tbc.uk.com Mobile N/A IP Address/es 86.186.148.84 Signed on Pages 12 Verification Mode Unauthenticated
----- Start of picture text -----
21201440-114c-4b80-acab-4d9cd38fd1cc_Signature
----- End of picture text -----
DOCUMENT AUDIT LOG
| DATE TIME | USER | TRANSACTION |
|---|---|---|
| 2023-12-19 16:21 +00:00 | JO.LOYER@TBC.UK.COM | DOCUMENT BUNDLE CREATED BY JO LOYER (JO.LOYER@TBC.UK.COM) |
| (SOURCE IP ADDRESS: 176.35.139.203) | ||
| 2023-12-19 16:21 +00:00 | SYSTEM | EMAILS SENT TO: |
| ANDREW.DENNIS@CMOML.ORG(2 DOCUMENTS - 1 ACTION) | ||
| 2023-12-21 23:16 +00:00 | ANDREW DENNIS | LINK OPENED FROM IP 87.75.142.233 |
| 2023-12-21 23:16 +00:00 | ANDREW DENNIS | CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA) |
| 2023-12-21 23:17 +00:00 | ANDREW DENNIS | DOCUMENT SIGNED: CHARITY ACCOUNTS 28_02_2023 [FYI-17808551].PDF - |
| ON PAGE 11(SIGNATUREID: 5FD00100-3A6B-000D-B3B2-08DC00AE86EF) | ||
| 2023-12-21 23:17 +00:00 | ANDREW DENNIS | DOCUMENT SIGNED: CHARITY ACCOUNTS 28_02_2023 [FYI-17808551].PDF - |
| ON PAGE 14(SIGNATUREID: 5FD00200-3A6B-000D-B3B2-08DC00AE86EF) | ||
| 2023-12-21 23:17 +00:00 | ANDREW DENNIS | DOCUMENT SIGNED: CHARITY ACCOUNTS 28_02_2023[FYI-17808551].PDF |
| 2023-12-21 23:17 +00:00 | ANDREW DENNIS | ANDREW DENNIS HAS COMPLETED BUNDLE 402A0000-4892-0022-F0A5- |
| 08DC00ADE2AB | ||
| 2023-12-21 23:17 +00:00 | SYSTEM | PROGRESSING BUNDLE TO SIGNING GROUP 2 |
| 2023-12-21 23:17 +00:00 | SYSTEM | EMAILS SENT TO: |
| JULES.WOODING@CMOML.ORG(2 DOCUMENTS - 0 ACTIONS) | ||
| 2023-12-21 23:17 +00:00 | SYSTEM | PROGRESSING BUNDLE TO SIGNING GROUP 3 |
| 2023-12-21 23:17 +00:00 | SYSTEM | EMAILS SENT TO: |
| LUKE.TATTERSALL@TBC.UK.COM(2 DOCUMENTS - 1 ACTION) | ||
| 2023-12-22 06:03 +00:00 | ANDREW DENNIS | LINK OPENED FROM IP 87.75.142.233 |
| 2023-12-22 06:03 +00:00 | ANDREW DENNIS | CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA) |
| 2023-12-22 06:09 +00:00 | ANDREW DENNIS | LINK OPENED FROM IP 87.75.142.233 |
| 2023-12-22 07:40 +00:00 | LUKE TATTERSALL | LINK OPENED FROM IP 86.186.148.84 |
| 2023-12-22 07:40 +00:00 | LUKE TATTERSALL | CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA) |
| 2023-12-22 07:40 +00:00 | LUKE TATTERSALL | DOCUMENT SIGNED: CHARITY ACCOUNTS 28_02_2023 [FYI-17808551].PDF - |
| ON PAGE 12(SIGNATUREID: 5FD00500-3A6B-000D-B3B2-08DC00AE86EF) | ||
| 2023-12-22 07:40 +00:00 | LUKE TATTERSALL | DOCUMENT SIGNED: CHARITY ACCOUNTS 28_02_2023[FYI-17808551].PDF |
| 2023-12-22 07:40 +00:00 | LUKE TATTERSALL | LUKE TATTERSALL HAS COMPLETED BUNDLE 402A0000-4892-0022-F0A5- |
| 08DC00ADE2AB | ||
| 2023-12-22 07:41 +00:00 | SYSTEM | FINALISING DOCUMENT(50D9B419-8AF2-419D-9274-0DC064C62DD6) |
More Information
For more information on electronic signatures and to validate this document was signed by the parties listed above, please visit www.fusesign.com