**REGISTERED CHARITY NUMBER: 271943** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **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 29 FEBRUARY 2024** |||**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|19| |**Detailed Statement of Financial Activities**|20|to|21| ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 29 FEBRUARY 2024** |**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, CA3| |**Accountants**|8RR| Page 1 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **STATEMENT OF CHAIR OF TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024** The British Army distillation of the principles of war denotes selection and maintenance of the aim as the master principle. Echoing this entreaty Cumbria's Museum of Military Life's (CMoML) vision continues to drive actions. The vision informs the actions of the CMoML community including the trustees, staff, volunteers, friends and other informal supporters, numbering close to 200 overall. The community is continuing to fulfil the vision and this report illustrates that. Over this last year we have shared the collection with over 40,000 visitors in real life, and a growing number through our digital activities. The trustees think it fair to say that the museum is locally and regionally renowned, enjoying the positive support of regional media, government, educational organisations and the military. The detail is set out within this report, as trustees we highlight that the Museum is: o A Hub of vibrant communities of interest. These range from veterans, through work with a local Afghan refugee organisation, 30 schools, a leading light within the Northern group of military museums, and a key part of the local museum network. o A focal point for visitors to Carlisle and Cumbria. Our strong visitor numbers (40k+) are supported by hundreds of positive reviews online, in person, by letter. Many identify CMoML as being the strongest element of interest within Carlisle Castle. o A strong support to the military community, with a focus on the current and antecedent regiments. Our healthy Friends of the Museum organisation, volunteer programme, programme of veterans events (10 lunches and two weekend events) together with a wide range of informal interactions evidence the importance of the museum to the military community. 2023 was another strong year for the Museum. Although this is the result of myriad efforts the board recognise that the museum team are at the heart of our success. The tireless hard work and dedication of the Museum team is exemplary. Their enthusiasm hard work and adaptability are superb. The trustees are very grateful for all their efforts., COL A DENNIS OBE Page 2 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024** The trustees present their report with the financial statements of the charity for the year ended 29 February 2024. 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 29 FEBRUARY 2024** ## **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 29 FEBRUARY 2024** 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. 1. Provide a broad and varied engagement programme. 2. Manage and care for the Museum Collections 3. Provide high quality user services. 4. Become resilient and sustainable. 5. Develop the capability of the Board of Trustees, staff and volunteers. 6. Enhance our digital presence. Page 5 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **REPORT OF THE TRUSTEES** ## **FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **ACHIEVEMENT AND PERFORMANCE** ## 1. Provide a Broad and Varied Engagement Programme (Mar 23 - Feb 24): Our engagement programme connects with local schools, communities, and audiences throughout this period. Our regular schools' workshops saw 30 schools visit to learn about the First and Second World Wars, and Remembrance. In total, 1,147 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. 418 veterans attended 12 lunches between March and February. Museum staff attended Association meetings ensuring a direct connection to veterans' organisations within Cumbria an important network to support our vision. Our monthly Tuesday talks programme hosted a variety of speakers bringing a range of military-related topics to the area. The Tuesday talks held between March and February saw an attendance of 326. Throughout the school holidays, the Museum delivered 12 free creative workshops with a varied programme of activity including engaging with over 330 attendees with a varied make your own medal and designing your own toy soldier. The Museum also worked with Cumberland Council to provide a Winter-themed event for local refugee families with over 55 attendees. The Museum organised its second Military Festival in 2023, with a military encampment in the Castle grounds, family activities, as well as hosting the Army Cadets, 4LANCS, The Royal British Legion and the Carlisle branch of the Regimental Association. Over 570 visitors attended the event throughout the weekend. ## 2. Manage and care for the Museum Collections: The Museum continues to care for its collections Over 24,000 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 look after our collections, regularly checking and maintaining them. During 2023, we held a temporary exhibition Commanding Images showcasing paintings and pictures from the stores, some on display to the public for the first time. The exhibition also saw the redisplay of Protais' 1861 oil painting of the Soldiers of the 34th Playing Skittles before Sebastapol recently returned from the Lancashire Conservation Studios. The Museum also loaned The Milton Shield to Ambleside's Armitt Museum for display in their temporary exhibition Running Int' Fells. ## 3. Provide high quality user services: The Museum welcomed 44,502 visitors to Alma Block during this period. Our Front desk staff 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 our annual Veterans' Christmas Lunch. The Museum continues to offer a research service for family history enquiries. 18 paid enquiries were completed during this period. ## 4. Become resilient and sustainable: The Museum continues to deliver a National Lottery Heritage Fund project to make it more sustainable. 'Resilient Alma' runs to 2025 and funding this year has enabled us work with consultants to review our retail offer, refresh the Museum leaflet and begin to overhaul our website. During this period, the Museum team have worked with a variety of partners including Cumberland Council and Carlisle Refugee Advisory Group (CRAG) on a project involving Afghan refugees. The team have also worked with Helping Hands on developing volunteering opportunities at the Museum. We also worked with English Heritage, Carlisle Cathedral and Tullie Museum on a city-wide Heritage Open Day initiative. ## 5. Develop the capability of the Board of Trustees, staff, and volunteers: Page 6 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024** Funding from the Heritage Fund enabled a staff member to continue a part-time AAT Level 2 Certificate in Accounting course. Over the past 12 months, staff have undertaken Collections-related training, Introduction to Museum Learning, Museum interpretation training and the Welcome Host 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, exhibition and event support. 17 Volunteers have given over 400 hours of their time between March 2023 and February 2024. ## 6. Enhance our digital presence: With the assistance of the Heritage Fund, we have worked with locally based consultants to review our website and social media. Over 12500 people visited our website during this period. We regularly interact on social media, and Museum staff have shared collection stories and promoted activities though our social media accounts with 42813 visitors to Facebook, Instagram and Twitter. Digital engagement remains a priority objective in our Forward Plan. ## RISK Our forward plan includes a risk register. This is actively reviewed by the trustees during board meetings, measures to control risk and prepare to mitigate impacts are discussed. The most significant risks to the museum relate to generating income and gaining funding from other sources. Consistent effort over the last 3 years since Covid sees the museum in a sustainable position, and able to reconstitute a reserve. In addition, the Army has selected the museum for continued funding beyond 2030. The trustees and staff remain energetic in pursuit of resources to enable us to fulfil our vision. ## **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 29 FEBRUARY 2024** ## **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** Page 8 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 29 FEBRUARY 2024** 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. 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 ............................................. and signed on its behalf by: **----- Start of picture text -----**
..........................................................................
**----- End of picture text -----**
.......................................................................... 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 29 February 2024. ## **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: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 Tattersall Bailey Chartered Accountants Date: ............................................. Page 10 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024** |Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
64,881
**Charitable activities**
Charitable activities
130,597
Investment income
2
218
**Total**
195,696
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
132,647
Support costs
6,058
**Total**
138,705
**NET INCOME/(EXPENDITURE)**
56,991
**Transfers between funds**
11
(5,180)
**Net movement in funds**
51,811
**RECONCILIATION OF FUNDS**
Total funds brought forward
243,461
**TOTAL FUNDS CARRIED FORWARD**
295,272|Restricted
funds
£
7,007
1,758
-
8,765
23,445
6,100
29,545
(20,780)
5,180
(15,600)
26,675
11,075|29.2.24
Total
funds
£
71,888
132,355
218
204,461
156,092
12,158
168,250
36,211
-
36,211
270,136
306,347|28.2.23
Total
funds
£
34,721
110,143
20
144,884
131,231
17,688
148,919
(4,035)
-
(4,035)
274,171
270,136| |---|---|---|---| The notes form part of these financial statements Page 11 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **BALANCE SHEET 29 FEBRUARY 2024** |Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
129,730
**CURRENT ASSETS**
Stocks
6
13,730
Debtors
7
5,544
Cash at bank and in hand
168,842
188,116
**CREDITORS**
Amounts falling due within one year
8
(13,490)
**NET CURRENT ASSETS**
174,626
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
304,356
**CREDITORS**
Amounts falling due after more than one year
9
(9,083)
**NET ASSETS**
295,273
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
11,074
11,074
-
11,074
11,074
-
11,074|29.2.24
Total
funds
£
129,730
13,730
5,544
179,916
199,190
(13,490)
185,700
315,430
(9,083)
306,347
295,273
11,074
306,347|28.2.23
Total
funds
£
109,277
12,288
1,990
172,395
186,673
(10,422)
176,251
285,528
(15,392)
270,136
243,461
26,675
270,136| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 29 FEBRUARY 2024** ## **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 29 FEBRUARY 2024** ## **2. INVESTMENT INCOME** |**INVESTMENT INCOME**||| |---|---|---| ||29.2.24|28.2.23| ||£|£| |Deposit account interest|218|20| ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 29 February 2024 nor for the year ended 28 February 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 29 February 2024 nor for the year ended 28 February 2023. ## **4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
34,721
**Charitable activities**
Charitable activities
110,143
Investment income
20
**Total**
144,884
**EXPENDITURE ON**
**Charitable activities**
Charitable activities
131,231
Support costs
17,688
**Total**
148,919
**NET INCOME/(EXPENDITURE)**
(4,035)
**Transfers between funds**
(26,675)
**Net movement in funds**
(30,710)
**RECONCILIATION OF FUNDS**
Total funds brought forward
274,171
**TOTAL FUNDS CARRIED FORWARD**
243,461|Restricted
funds
£
-
-
-
-
-
-
-
-
26,675
26,675
-
26,675|Total
funds
£
34,721
110,143
20
144,884
131,231
17,688
148,919
(4,035)
-
(4,035)
274,171
270,136| |---|---|---| continued... Page 14 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **5. TANGIBLE FIXED ASSETS** |**COST**
At 1 March 2023
Additions
At 29 February 2024
**DEPRECIATION**
At 1 March 2023
Charge for year
At 29 February 2024
**NET BOOK VALUE**
At 29 February 2024
At 28 February 2023
**6.**
**STOCKS**
Stocks
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Prepayments|Plant and
machinery
£
130,000
-
130,000
26,000
6,500
32,500
97,500
104,000|Fixtures
and
fittings
£
28,479
28,700
57,179
23,202
1,747
24,949
32,230
5,277
29.2.24
£
13,730
29.2.24
£
1,487
4,057
5,544|Totals
£
158,479
28,700|Totals
£
158,479
28,700| |---|---|---|---|---| ||||187,179|| ||||49,202
8,247|| ||||57,449|| ||||129,730|| ||||109,277|| ||||28.2.23
£
12,288
28.2.23
£
1,285
705
1,990|| |||||1,990| Page 15 continued... ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Bank loans and overdrafts (see note 10)
Trade creditors
Taxation and social security
Other creditors
**9.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 10)
**10.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
**11.**
**MOVEMENT IN FUNDS**
Net
movement
At 1.3.23
in funds
£
£
**Unrestricted funds**
General fund
243,461
56,992
**Restricted funds**
Afghan Community Project
-
4,000
Afghan Exhibition
186
-
Outdoor Exhibits
-
1,340
Resilient Alma
21,655
(26,835)
Sporting Heritage AMOT
3,041
(169)
Veteran Lunches
1,793
883
26,675
(20,781)
**TOTAL FUNDS**
270,136
36,211|29.2.24
£
6,815
1,018
3,895
1,762
13,490
29.2.24
£
9,083
29.2.24
£
6,815
6,815
2,268
Transfers
between
funds
£
(5,180)
-
-
-
5,180
-
-
5,180
-|28.2.23
£
6,815
552
1,935
1,120
10,422
28.2.23
£
15,392
28.2.23
£
6,815
6,815
8,577
At
29.2.24
£
295,273
4,000
186
1,340
-
2,872
2,676| |---|---|---| |||11,074| |||306,347| Page 16 continued... ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **11. MOVEMENT IN FUNDS - continued** Net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Afghan Community Project
Outdoor Exhibits
Resilient Alma
Sporting Heritage AMOT
Veteran Lunches
**TOTAL FUNDS**|Incoming
resources
£
195,696
5,000
1,340
-
-
2,425
8,765
204,461|Resources
Movement
expended
in funds
£
£
(138,704)
56,992
(1,000)
4,000
-
1,340
(26,835)
(26,835)
(169)
(169)
(1,542)
883
(29,546)
(20,781)
(168,250)
36,211|Resources
Movement
expended
in funds
£
£
(138,704)
56,992
(1,000)
4,000
-
1,340
(26,835)
(26,835)
(169)
(169)
(1,542)
883
(29,546)
(20,781)
(168,250)
36,211| |---|---|---|---| ||||(20,781)| ||||36,211| ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**Restricted funds**
Afghan Exhibition
Resilient Alma
Sporting Heritage AMOT
Veteran Lunches
**TOTAL FUNDS**|At 1.3.22
£
274,171
-
-
-
-
-
274,171|Net
movement
in funds
£
(4,035)
-
-
-
-
-
(4,035)|Transfers
between
funds
£
(26,675)
186
21,655
3,041
1,793
26,675
-|At
28.2.23
£
243,461
186
21,655
3,041
1,793| |---|---|---|---|---| |||||26,675| |||||270,136| continued... Page 17 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **11. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
144,884
144,884|Resources
Movement
expended
in funds
£
£
(148,919)
(4,035)
(148,919)
(4,035)|Resources
Movement
expended
in funds
£
£
(148,919)
(4,035)
(148,919)
(4,035)| |---|---|---|---| ||||(4,035)| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**Restricted funds**
Afghan Community Project
Afghan Exhibition
Outdoor Exhibits
Resilient Alma
Sporting Heritage AMOT
Veteran Lunches
**TOTAL FUNDS**|At 1.3.22
£
274,171
-
-
-
-
-
-
-
274,171|Net
movement
in funds
£
52,957
4,000
-
1,340
(26,835)
(169)
883
(20,781)
32,176|Transfers
between
funds
£
(31,855)
-
186
-
26,835
3,041
1,793
31,855
-|At
29.2.24
£
295,273
4,000
186
1,340
-
2,872
2,676| |---|---|---|---|---| |||||11,074| |||||306,347| continued... Page 18 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 29 FEBRUARY 2024** ## **11. MOVEMENT IN FUNDS - continued** 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
**Restricted funds**
Afghan Community Project
Outdoor Exhibits
Resilient Alma
Sporting Heritage AMOT
Veteran Lunches
**TOTAL FUNDS**|Incoming
resources
£
340,580
5,000
1,340
-
-
2,425
8,765
349,345|Resources
Movement
expended
in funds
£
£
(287,623)
52,957
(1,000)
4,000
-
1,340
(26,835)
(26,835)
(169)
(169)
(1,542)
883
(29,546)
(20,781)
(317,169)
32,176| |---|---|---| ## **12. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 29 February 2024. Page 19 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024** ||29.2.24|28.2.23| |---|---|---| ||£|£| |**INCOME AND ENDOWMENTS**||| |**Donations and legacies**||| |Appeals and donations|13,512|13,473| |Legacies|49,000|11,000| |Grants|9,376|10,248| ||71,888|34,721| |**Investment income**||| |Deposit account interest|218|20| |**Charitable activities**||| |Admissions|92,620|76,207| |Shop|22,580|18,016| |Café|4,573|1,158| |Bar|1,815|1,626| |Other income|10,767|13,136| ||132,355|110,143| |**Total incoming resources**|204,461|144,884| |**EXPENDITURE**||| |**Charitable activities**||| |Wages|87,962|76,444| |Social security|1,423|-| |Pensions|1,544|1,275| |Rates and water|337|736| |Insurance|7,055|6,925| |Repairs and maintenance|16,542|15,970| |Postage, stationary and advertising|5,570|3,650| |Staff Training|3,152|2,453| |Event expenses|11,620|4,573| |Exhibition costs|1,191|3,278| |Bar and shop purchases|11,449|9,184| |Depreciation of tangible fixed assets|8,247|6,743| ||156,092|131,231| |**Support costs**||| |**Finance**||| |Bank charges|1,411|1,022| |Carried forward|1,411|1,022| This page does not form part of the statutory financial statements Page 20 ## **THE KING'S OWN ROYAL BORDER REGIMENT MUSEUM FUND** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 29 FEBRUARY 2024** ||29.2.24|28.2.23| |---|---|---| ||£|£| |**Finance**||| |Brought forward|1,411|1,022| |Bank interest|507|676| ||1,918|1,698| |**Governance costs**||| |Licence Fees/ Subscription|2,320|2,303| |Accountancy Fees|1,820|1,800| |Consulting|6,100|11,887| ||10,240|15,990| |Total resources expended|168,250|148,919| |**Net income/(expenditure)**|36,211|(4,035)| This page does not form part of the statutory financial statements Page 21 ## **Document electronically signed** ## www.fusesign.com ## **Document Details** **Document ID** 3bada430-f4f8-448a-aa78-4f662f6e0137 **Document Bundle ID** dd670000-bdc2-6045-e692-08dd08b34089 **Uploaded to FuseSign** 2024-11-19 16:04 +00:00 **FuseSign subscriber** Tattersall Bailey Chartered Accountants **Initiator email** willow.carter@tbc.uk.com **Signed by** Andrew Dennis (andrew.dennis@cmoml.org), Luke Tattersall (luke.tattersall@tbc.uk.com) **System finalisation** 2024-12-09 09:24 +00:00 **Verify URL** https://app.fuse.work/fusesign/verify/3bada430-f4f8-448a-aa78-4f662f6e0137 ## **Document Signers** ## **Signer 1** **Name** Andrew Dennis **Email** andrew.dennis@cmoml.org **Mobile** N/A **IP Address/es** 86.168.217.254 **Signed on Pages** 11, 14 **Verification Mode** Unauthenticated **Signer 2** **----- Start of picture text -----**
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**Name** Luke Tattersall **Email** luke.tattersall@tbc.uk.com **Mobile** N/A **IP Address/es** 176.35.139.203 **Signed on Pages** 12 **Verification Mode** Unauthenticated **----- Start of picture text -----**
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## **DOCUMENT AUDIT LOG** |**DATE TIME**|**USER**|**TRANSACTION**| |---|---|---| |2024-11-19 16:04 +00:00|WILLOW.CARTER@TBC.UK.CO|DOCUMENT BUNDLE CREATED BY WILLOW CARTER| ||M|(WILLOW.CARTER@TBC.UK.COM) (SOURCE IP ADDRESS: 176.35.139.203)| |2024-11-19 16:04 +00:00|SYSTEM|EMAILS SENT TO:| |||ANDREW.DENNIS@CMOML.ORG(2 DOCUMENTS - 1 ACTION)| |2024-11-19 22:42 +00:00|ANDREW DENNIS|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2024-11-19 22:42 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 90.244.144.172| |2024-11-19 22:43 +00:00|ANDREW DENNIS|DOWNLOADED ALL DOCUMENTS| |2024-11-20 07:28 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 90.244.144.172| |2024-11-22 19:11 +00:00|SYSTEM|AUTOMATED REMINDER SENT TO ANDREW DENNIS VIA| |||ANDREW.DENNIS@CMOML.ORG(1 ACTION)| |2024-11-30 19:10 +00:00|SYSTEM|AUTOMATED REMINDER SENT TO ANDREW DENNIS VIA| |||ANDREW.DENNIS@CMOML.ORG(1 ACTION)| |2024-12-05 13:50 +00:00|ANDREW DENNIS|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2024-12-05 13:50 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 14:20 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 14:35 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 14:51 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 15:07 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 16:37 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-05 17:25 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-06 06:51 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-06 11:53 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-06 13:31 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-06 14:05 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 87.74.72.44| |2024-12-08 11:08 +00:00|ANDREW DENNIS|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2024-12-08 11:08 +00:00|ANDREW DENNIS|LINK OPENED FROM IP 86.168.217.254| |2024-12-08 11:10 +00:00|ANDREW DENNIS|DOCUMENT SIGNED: K007-CHARITIES REPORT(FINAL) - 24_3-CHA-TG-| |||20241119 [FYI-40103216].PDF - ON PAGE 14 (SIGNATUREID: 30950000-EA54-| |||F260-6DA2-08DD08B3CBCC)| |2024-12-08 11:11 +00:00|ANDREW DENNIS|DOCUMENT SIGNED: K007-CHARITIES REPORT(FINAL) - 24_3-CHA-TG-| |||20241119 [FYI-40103216].PDF - ON PAGE 11 (SIGNATUREID: 30950000-EA54-| |||F260-6D71-08DD08B3CBCC)| |2024-12-08 11:11 +00:00|ANDREW DENNIS|FORM FIELDS SUBMITTED FOR DOCUMENT: K007-CHARITIES REPORT(FINAL) -| |||24_3-CHA-TG-20241119[FYI-40103216].PDF| |2024-12-08 11:11 +00:00|ANDREW DENNIS|DOCUMENT SIGNED: K007-CHARITIES REPORT(FINAL) - 24_3-CHA-TG-| |||20241119[FYI-40103216].PDF| |2024-12-08 11:11 +00:00|ANDREW DENNIS|ANDREW DENNIS HAS COMPLETED BUNDLE DD670000-BDC2-6045-E692-| |||08DD08B34089| |2024-12-08 11:12 +00:00|SYSTEM|PROGRESSING BUNDLE TO SIGNING GROUP 2| |2024-12-08 11:12 +00:00|SYSTEM|EMAILS SENT TO:| |||JULES.WOODING@CMOML.ORG(2 DOCUMENTS - 0 ACTIONS)| |2024-12-08 11:12 +00:00|SYSTEM|PROGRESSING BUNDLE TO SIGNING GROUP 3| |2024-12-08 11:12 +00:00|SYSTEM|EMAILS SENT TO:| |||LUKE.TATTERSALL@TBC.UK.COM(2 DOCUMENTS - 1 ACTION)| |2024-12-08 19:10 +00:00|SYSTEM|AUTOMATED REMINDER SENT TO LUKE TATTERSALL VIA| |||LUKE.TATTERSALL@TBC.UK.COM(1 ACTION)| |2024-12-09 09:23 +00:00|LUKE TATTERSALL|CUSTOMER VERIFIED BY UNIQUE URL SENT VIA EMAIL(NO 2FA)| |2024-12-09 09:23 +00:00|LUKE TATTERSALL|LINK OPENED FROM IP 176.35.139.203| |2024-12-09 09:24 +00:00|LUKE TATTERSALL|DOCUMENT SIGNED: K007-CHARITIES REPORT(FINAL) - 24_3-CHA-TG-| |||20241119 [FYI-40103216].PDF - ON PAGE 12 (SIGNATUREID: 30950000-EA54-| |||F260-6E36-08DD08B3CBCC)| |2024-12-09 09:24 +00:00|LUKE TATTERSALL|FORM FIELDS SUBMITTED FOR DOCUMENT: K007-CHARITIES REPORT(FINAL) -| |||24_3-CHA-TG-20241119[FYI-40103216].PDF| |2024-12-09 09:24 +00:00|LUKE TATTERSALL|DOCUMENT SIGNED: K007-CHARITIES REPORT(FINAL) - 24_3-CHA-TG-| |||20241119[FYI-40103216].PDF| |2024-12-09 09:24 +00:00|LUKE TATTERSALL|LUKE TATTERSALL HAS COMPLETED BUNDLE DD670000-BDC2-6045-E692-| |||08DD08B34089| |2024-12-09 09:24 +00:00|SYSTEM|FINALISING DOCUMENT(3BADA430-F4F8-448A-AA78-4F662F6E0137)| ## **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