## **The King’s Own Royal Border Regiment Museum Fund**
**Trustees Annual Report 28[th] February 2025**
**Registered Charity No. 271943**
Tattersall Bailey 3 Fisher Street Carlisle CA3 8RR
**The King’s Own Royal Border Regiment Museum Fund**
**Report of the Trustees For the Year ended 28[th] February 2025**
|**Report of the Trustees**
**For the Year ended 28th February 2025**||
|---|---|
|**_____________________________________________**||
|**The King’s Own Royal Border Regiment Museum Fund**||
|**Financial statements Year ended 28th February 2025**||
|**CONTENTS**|**PAGE**|
|Statement of Chair of Trustees|**1**|
|Reference and administrative information|**3-4**|
|Trustees Annual Report|**3-9**|
|Objectives and Activities of the Charity|**5**|
|Review of Performance & Achievement|**6-7**|
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
## Reference and administrative details
**Charity number** 271943
## **Trustees**
Colonel Andrew Dennis OBE Chairman Serving Officer, The Duke of Lancaster’s Regiment Major Mark English TD Resigned 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 4LANCS Mr Chris Braithwaite Mr Simon Sole **Ex-Officio** Vacant **Museum Manager** Mrs J Wooding FHA BA(Hons) **Principal address** Alma Block The Castle Carlisle Cumbria CA3 3UR **Bankers** RBS PLC 36 St Andrew’s Square Edinburgh EH2 2YB **Solicitors** Cartmell Shepherd Viaduct House Carlisle CA3 8EZ **Accountants & Independent examiner** Tattersall Bailey 3 Fisher Street Carlisle CA3 8RR
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
## **Statement of Chair of Trustees**
Our vision—to share a locally and regionally renowned collection of military history as a hub of communities, a focal point for visitors, and a strong support to the military family—has again shaped our actions throughout the year.
This has been a year marked by purposeful development, successful partnership working, and growing recognition from across the heritage and military sectors. The Museum’s progress reflects the collective effort of staff, volunteers, Trustees, Friends, and the wider community of supporters—now approaching 200 people—whose commitment underpins every achievement described in this report.
The year has seen significant external validation and support for the Museum’s direction. We were successful in securing grant funding from the Army Museums Ogilby Trust, UK Shared Prosperity Funding through Cumberland Council, Museum Development North, and the Association of Independent Museums. While the financial support is important, the Trustees place equal value on what these awards represent: confidence from respected national and regional bodies in our stewardship of the collection, our public offer, and the professionalism of our team. Support from these funders signals the Museum’s growing standing within the wider heritage landscape and enables us to continue strengthening our interpretation, skills, and resilience.
We are equally grateful for the sustained support of the Ministry of Defence and The Duke of Lancaster’s Regiment. Their continued investment—both financial and through practical collaboration—cements the Museum’s role as the living repository of the Regiment’s story. The confirmation of Army support beyond 2030 provides long-term assurance and is a clear expression of confidence in the Museum’s relevance and performance.
Engagement with our communities has remained exceptionally strong. Our schools programme continues to serve young learners across Cumbria, while our veterans’ lunches, association links, and informal contacts reaffirm the Museum’s role as a constant point of connection for those who have served. Partnerships with the Carlisle Refugee Advisory Group and Cumberland Council enabled activity with local refugee groups, particularly Afghan
families, demonstrating our commitment to sharing the military story in ways that support understanding, belonging, and wellbeing.
The Museum’s visitor experience remains one of its defining strengths. Visitor numbers continue to be robust, reflecting the quality of the displays, the dedication of our staff, and our close partnership with English Heritage. The annual Military Festival has become a highlight of
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
the Carlisle cultural calendar, attracting wide audiences and bringing the collection vividly to life.
Collections care and development continue to progress. With over 24,000 items now catalogued on MODES, the Museum’s staff and volunteers have worked with diligence to preserve, record, and interpret our shared heritage. Temporary exhibitions and redisplays have allowed important material to be brought to public attention, while loans to partner institutions extend the reach and relevance of our collection.
Our focus on long-term resilience remains steadfast. Work supported through Heritage Fund initiatives—including the Resilient Alma project—has advanced digital development, strengthened the retail offer, and improved our operational readiness for the future. The combination of skilled staff, dedicated volunteers, and diversified income streams continues to provide a stable and sustainable foundation.
I wish to record my sincere thanks to the entire Museum team. Their professionalism, adaptability, and commitment are the engine of our success. Our volunteers contribute hundreds of hours and are central to our ability to deliver a high-quality visitor experience. My fellow Trustees continue to provide expert governance, insight, and strategic oversight. And our external partners—funders, heritage bodies, the MoD, English Heritage, and The Duke of Lancaster’s Regiment—have strengthened us through their confidence, collaboration, and material support.
In summary, this has been a year of sustained achievement, growing recognition, and increased resilience. The Museum is well positioned to meet future challenges with confidence, clarity of purpose, and a strong community of support. I commend this report to you.
Colonel A Dennis OBE Chair of Trustees The King’s Own Royal Border Regiment Museum Fund
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
The Trustees present their annual report and the un-audited financial statements of the charity for the year ended 28[th] February 2025.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Reference and administrative details are shown in the schedule of reference and administrative information on page 1 of the Financial Statements.
## **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 8[th] 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.
## **Organisation 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
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
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**_
**The King’s Own Royal Border Regiment Museum Fund**
**Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
## **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 through:
- **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 King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
## **The Organisation:**
Established within Carlisle Castle in 1932 by Officers of the Border Regiment, the Museum was set-up to house the military collections of the local infantry regiment and 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 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 under 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 mid-November, and weekends from November to March.
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, talks and host events.
The collections consist of - 2000 books and Journals; Objects c. 19,000; 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 18[th] Century. In addition, access to the collection is provided through research facilities, together with a full programme of over 200 events both at the Museum and across the region (latest list enclosed as Annex A).
The Museum operates with a full-time Museum Manager and a Museum Assistant, plus two seasonal part-time Assistants, who are employed by the Charity and one full-time Museum Assistant funded by the MoD. Additionally, a Learning and Events Assistant is funded by both the Heritage Fund and the Trust. The MoD also fund certain utility costs within the Museum. All other operational costs are funded by the Charity.
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees**
**For the Year ended 28[th] February 2025**
## **_____________________________________________**
## **Our 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.
## **Achievements and Performance:**
## **1. Provide a Broad and Varied Engagement Programme (Mar 24 – Feb 25):**
Our engagement programme connected with local schools, communities, and audiences throughout this period. This year our regular schools’ workshops saw 18 schools visit to learn about the First and Second World Wars, and Remembrance, 4 College and University visits plus 5 school outreach session. In total, 1161 students were engaged in sessions delivered by Museum staff.
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. 439 veterans attended 12 lunches between March and February. Museum staff attended Association meetings which ensures a direct connection to veterans’ organisations within Cumbria.
Our monthly Tuesday talks programme hosted a variety of speakers bringing a range of militaryrelated topics to the area. The Tuesday talks held between March and February saw an attendance of 390. The Museum hosted its first themed Lecture Day in October with 48 attendees.
The Museum delivered 11 free creative family workshops with a varied programme of activity during school holidays engaging with over 453 participants. We also organised and delivered a summer activity week for 10 local refugee children.
The annual Military Festival weekend was held in June 2025. This included a military encampment in the Castle grounds, family activities, 4LANCS recruiting team, Solway Aviation Museum trailer, The Royal British Legion and the Carlisle branch of the Regimental Association. Re-enactors including Norman knights to WW2 Home Guard provided regular engagement with visitors. Over 848 visitors attended the event throughout the weekend.
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
The main temporary exhibition was _Arnhem 80: the aftermath and the legacy 1944-2024_ funded by UK Government’s Shared Prosperity scheme. An accompanying events programme included a Lecture Day, two events for Arnhem families and holiday workshops.
## **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. Staff and volunteers continue to look after our collections, regularly checking and maintaining them. Staff undertook collections related training including _Rethinking Cataloguing_ and _Imperial Legacy_ . Volunteers provide support through repacking objects and checking the database to ensure information is kept up to date.
During this period, the Museum has 229 accessioned objects. All acquisitions fall within the scope of the Museum's Acquisitions and Disposals Policy.
During 2024, the Museum’s main temporary exhibition commemorated the 80[th] anniversary of Operation Market Garden. Additional items from the stores told the story of the aftermath of the Battle of Arnhem and saw over 17,500 visitors during its six-month period.
In 2024, the Museum also loaned one artefact – a sporting shield – to the Armitt Museum in Ambleside.
## **3. Provide high quality user services:**
The Museum welcomed 28,713 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, online media sites and staff were interviewed on Border TV.
The Museum continues to offer a research service for family history enquiries. Five paid enquiries were completed during this period and staff dealt with many additional requests for information from visitors to the Museum.
## **4. Become resilient and sustainable:**
The Museum continued to deliver the ‘Resilient Alma’ National Lottery Heritage Funded project. The funding enabled the continuation of the Learning and Events post engaging with 18 schools and 553 pupils within the Museum and visiting 5 schools to deliver outreach sessions to
**The King’s Own Royal Border Regiment Museum Fund**
## **Report of the Trustees For the Year ended 28[th] February 2025**
## **_____________________________________________**
539 pupils. The postholder organised a further 11 holiday workshops for families with 453 attendees.
During 2024-5, the Museum team have worked with a variety of partners including Cumberland Council and Carlisle Refugee Advisory Group (CRAG). This included a one-off activity day and a four-day children’s summer workshop. We continue to work with other organisations including English Heritage, Carlisle Cathedral, Cumberland Council and Tullie Museum.
The Museum secured grant funding from Museum Development North to work with a consultant to update, review and refresh our volunteering offer including the development of a volunteer strategy to help relaunch volunteering at the Museum.
## **5. Develop the capability of the Board of Trustees, staff, and volunteers:**
Two new trustees were recruited to the Board in December 2024.
Staff have continued to develop their skills throughout the year and have undertaken Collections-related training, level 2 Safeguarding and Prevent and MODES database training.
Volunteers, including the Friends of the Museum, continue to play an important part in the Museum undertaking a variety of tasks. These include general maintenance, reception duties, data input, holiday workshop support, veterans’ lunches, collections care, exhibition and event support, and the production of the Museum magazine. 17 volunteers have given over 550 hours of their time between March 2024 and February 2025.
## **6. Enhance our digital presence:**
Digital engagement remains a priority objective in our Forward Plan.
With ongoing assistance from the Heritage Fund, we continued our journey to refresh our website. Over 4800 people visited our website during this period. We regularly interact on social media, and Museum staff have promoted activities, showcased our collections and marked anniversaries though our social media accounts. During this period, 40274 online visitors viewed and interacted on Facebook and Instagram.
## **Document electronically signed**
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## **Document Details**
**Document ID** 51c90000-15e0-3274-0858-08de420e828e **Document Bundle ID** 51c90000-15e0-3274-3e06-08de420e832b **Uploaded to FuseSign** 2025-12-23 10:38 +00:00 **FuseSign subscriber** Tattersall Bailey Chartered Accountants **Initiator email** mel.jaques@tbc.uk.com **Signed by** Andrew Dennis (andrew.dennis@cmoml.org) **System finalisation** 2025-12-23 12:07 +00:00 **Verify URL** https://app.fuse.work/fusesign/verify/51c90000-15e0-3274-0858-08de420e828e
## **Document Signers**
## **Signer 1**
**Name** Andrew Dennis **Email** andrew.dennis@cmoml.org **Mobile** N/A **IP Address/es** 80.41.154.193 **Signed on Pages** 5 **Verification Mode** Unauthenticated
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5fd00000-3a6b-000d-c0f8-08dc00ae0f37_Signature
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|2025-12-23 12:07 +00:00|ANDREW DENNIS|DOCUMENT SIGNED: ANNUAL REPORT - 28_02_2025[FYI-98693458].PDF|
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Charity registration number: 271943
**KINGS OWN ROYAL REGIMENT MUSEUM FUND TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **Kings Own Royal Regiment Museum Fund Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Comparative Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—12|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|13—14|
**Kings Own Royal Regiment Museum Fund Reference and Administrative Details For The Year Ended 28 February 2025**
|**Trustees**|R English|
|---|---|
||A Dennis OBE - Chairman|
||V Parry ACA|
||C W Glover|
||J M Fitzsimmons|
||P T Hampson|
||C Braithwaite (appointed 01/12/2024)|
||S Sole (appointed 01/12/2024)|
||P Reynolds|
|**Museum Manager**|Mrs J Wooding FHA BA(Hons)|
|**Charity Number**|271943|
|**Independent Examiner**|Luke Tattersall FCA|
||Tattersall Bailey|
||14a Main Street|
||Cockermouth|
||Cumbria|
||CA13 9LQ|
Page 1
**Kings Own Royal Regiment Museum Fund Trustees' Report For The Year Ended 28 February 2025**
The trustees present their report and the financial statements for the year ended 28 February 2025.
## **Other Information**
## **The Trustees Annual Report**
The Trustees Annual Report is included as a separate document to these statetemnts The trustees' report was approved by the board of trustees and signed on its behalf by:
A Dennis OBE Trustee 18/12/2025
Page 2
## **Kings Own Royal Regiment Museum Fund Independent Examiner's Report to the Trustees of Kings Own Royal Regiment Museum Fund For The Year Ended 28 February 2025**
I report to the trustees on my examination of the accounts of Kings Own Royal Regiment Museum Fund (the Trust) for the year ended 28 February 2025.
## **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 2011 Act and in carrying out my examination, I have followed the 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 contents 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 FCA 18/12/2025 14a Main Street Cockermouth Cumbria CA13 9LQ
Page 3
## **Kings Own Royal Regiment Museum Fund Statement of Financial Activities For The Year Ended 28 February 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
Transfers between funds
**18**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
129,456
42,664
295|**Restricted**
**funds**
**£**
43,505
1,800
-|**2025**
**Total funds **
**£**
172,961
44,464
295|**2024**
**Total funds**
**£**
162,446
41,797
218|
|---|---|---|---|---|
||172,415|45,305|217,720|204,461|
||(181,483)|(2,635)|(184,118)|(168,250)|
||20,615
8,398|12,987
(8,398)|33,602
-|36,211
-|
||29,013
295,273|4,589
11,074|33,602
306,347|36,211
270,136|
||324,286|15,663|339,949|306,347|
The notes on pages 7 to 12 form part of these financial statements.
Page 4
## **Kings Own Royal Regiment Museum Fund Comparative Statement of Financial Activities For The Year Ended 28 February 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
Transfers between funds
**18**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
162,446
41,797
218|**Restricted**
**funds**
**£**
-
-
-|**2024**
**Total funds**
**£**
162,446
41,797
218|
|---|---|---|---|
||204,461|-|204,461|
||(168,250)|-|(168,250)|
||36,211
(11,074)|-
11,074|36,211
-|
||25,137
270,136|11,074
-|36,211
270,136|
||295,273|11,074|306,347|
The notes on pages 7 to 12 form part of these financial statements.
Page 5
**Kings Own Royal Regiment Museum Fund Statement of Financial Position As At 28 February 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One Year**
**15**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**18**|**Unrestricted**
**funds**
**£**
127,738|**Restricted**
**funds**
**£**
-|**2025**
**Total funds **
**£**
127,738|**2024**
**Total funds**
**£**
129,730|
|---|---|---|---|---|
||127,738
14,551
7,284
187,508|-
-
-
15,663|127,738
14,551
7,284
203,171|129,730
13,730
5,544
179,916|
||209,343
(10,015)|15,663
-|225,006
(10,015)|199,190
(13,490)|
||199,328|15,663|214,991|185,700|
||327,066|15,663|342,729|315,430|
||(2,780)|-|(2,780)|(9,083)|
||324,286|15,663|339,949|306,347|
||||15,663
324,286|11,074
295,273|
||||339,949|306,347|
On behalf of the board
A Dennis OBE Trustee 18/12/2025
The notes on pages 7 to 12 form part of these financial statements.
Page 6
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements For The Year Ended 28 February 2025**
## 1. **General Information**
Kings Own Royal Regiment Museum Fund is an unincorporated charity registered with the Charity Commission, registered charity number 271943. The principal address is .
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it isprobable that the income will be received and the amount can be measured reliably.
## 2.3. **Resources Expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charityto 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 classifiedunder headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particularheadings they have been allocated to activities on a basis consistent with the use of resources.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - at varying rates on cost Fixtures & Fittings - 10% on reducing balance
## 2.5. **Stocks and Work in Progress**
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Grants|**Unrestricted**
**funds**
**£**
100,715
28,741|**Restricted**
**funds**
**£**
750
42,755|**2025**
**Total**
**funds**
**£**
101,465
71,496|
|---|---|---|---|
||129,456|43,505|172,961|
Page 7
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
|Donations and gifts
Grants
4.
**Investment Income**
Interest on short-term deposits
5.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
6.
**Analysis of Expenditure**
Charitable activities
Charitable activities|**Unrestricted**
**funds**
**£**
154,842
7,604|**Restricted**
**funds**
**£**
-
-|**2024**
**Total**
**funds**
**£**
154,842
7,604|
|---|---|---|---|
||162,446|-|162,446|
||**Activities**
**undertaken**
**directly**
**£**
178,450|**2025**
**Unrestricted**
**funds**
**£**
295|**2024**
**Unrestricted**
**funds**
**£**
218|
|||**2025**
**£**
10,059|**2024**
**£**
8,247|
|||**Support costs**
(see note 7)
**£**
5,668|**2025**
**Total**
**£**
184,118|
||**Activities**
**undertaken**
**directly**
**£**
158,412|**Support costs**
(see note 7)
**£**
9,838|**2024**
**Total**
**£**
168,250|
Page 8
**Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 7. **Support Costs**
|Interest payable
Governance costs
Interest payable
Governance costs|**2025**
**Charitable**
**activities**
**£**
1,710
3,958|
|---|---|
||5,668|
||**2024**
**Charitable**
**activities**
**£**
1,918
7,920|
||9,838|
## 8. **Independent Examiner's Remuneration**
The independent examiner was paid £1,386 for their work in carrying out the independent examination of the charity’s accounts. No other benefits were paid to the independent examiner.
|Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services
.
**Staff Costs**
taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
1,386
-
-
-
1,386
**2025**
**£**
95,187
2,130
1,623
98,940|**2024**
**£**
1,320
-
-
-|
|---|---|---|
|||1,320|
|||**2024**
**£**
87,963
1,424
4,696|
|||94,083|
## 9. **Staff Costs**
Staff costs were as follows:
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 10. **Average Number of Employees**
Average number of employees during the year was as follows:
|Charitable Activities
Ministry of Defence employee|**2025**
4
1
5|**2024**
4
1|
|---|---|---|
|||5|
Page 9
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 11. **Tangible Assets**
|**Cost**
As at 1 March 2024
Additions
As at 28 February 2025
**Depreciation**
As at 1 March 2024
Provided during the period
As at 28 February 2025
**Net Book Value**
As at 28 February 2025
As at 1 March 2024
12.
**Stocks**
Stock
13.
**Debtors**
**Due within one year**
Trade debtors
Other debtors
14.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Bank loans and overdrafts
Other creditors
Taxation and social security
Accruals and deferred income
15.
**Creditors: Amounts Falling Due After More Than One Year**
Bank loans|**Plant &**
**Machinery**
**£**
130,000
-|**Plant &**
**Machinery**
**£**
130,000
-|**Fixtures &**
**Fittings**
**£**
57,179
8,067|**Total**
**£**
187,179
8,067|
|---|---|---|---|---|
||130,000||65,246|195,246|
||32,500
6,500||24,949
3,559|57,449
10,059|
||39,000||28,508|67,508|
||91,000||36,738|127,738|
||97,500||32,230|129,730|
||||**2025**
**£**
14,551
**2025**
**£**
6,612
672
7,284
**2025**
**£**
-
6,655
433
1,541
1,386
10,015
**2025**
**£**
2,780|**2024**
**£**
13,730|
|||||**2024**
**£**
1,487
4,057|
|||||5,544|
|||||**2024**
**£**
1,125
6,815
853
3,251
1,446|
|||||13,490|
|||||**2024**
**£**
9,083|
Page 10
**Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 16. **Loans**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year or on demand:
Bank loans
Amounts falling due between one and five years:
Bank loans|**2025**
**£**
6,655
**2025**
**£**
2,780|**2024**
**£**
6,815|
|---|---|---|
|||**2024**
**£**
9,083|
## 17. **Pension Commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,403 (2024: £1,544).
At the statement of financial position date contributions of £319 (2024: £0) were due to the fund and are included in creditors.
## 18. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Afghan Community Project
Afghan Exhibition
Outdoor Exhibits
Resilient Alma
Sporting Heritage AMOT
Veterans' Lunches
Collections Care
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Afghan Community Project
Afghan Exhibition
Outdoor Exhibits|**As at 1 March**
**2024**
**£**
295,273
4,000
186
1,340
-
2,872
2,676
-|**Income**
**£**
172,415
-
-
-
39,480
-
2,550
3,275|**Expenditure**
**£**
(151,800)
-
-
-
(27,339)
-
(1,704)
(3,275)|**Transfers**
**£**
8,398
(4,000)
(186)
(1,340)
-
(2,872)
-
-|**As at 28**
**February 2025**
**£**
324,286
-
-
-
12,141
-
3,522
-|
|---|---|---|---|---|---|
||11,074|45,305|(32,318)|(8,398)|15,663|
|||||||
||306,347|217,720|(184,118)|-|339,949|
||**As at 1 March**
**2023**
**£**
270,136
-
-
-|**Income**
**£**
204,461
-
-
-|**Expenditure**
**£**
(168,250)
-
-
-|**Transfers**
**£**
(11,074)
4,000
186
1,340|**As at 29**
**February 2024**
**£**
295,273
4,000
186
1,340
...CONTINUED|
Page 11
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
|Sporting Heritage AMOT
Veterans' Lunches
**Total restricted funds**
**Total funds**|-
-|-
-|-
-|2,872
2,676|2,872
2,676|
|---|---|---|---|---|---|
||-|-|-|11,074|11,074|
|||||||
||270,136|204,461|(168,250)|-|306,347|
## 19. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 20. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 12
**Kings Own Royal Regiment Museum Fund Detailed Statement of Financial Activities For The Year Ended 28 February 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Appeals and donations
Admissions
Grants
**Charitable Activities:**
**Charitable activities**
Education
Events
Gift shop
Bar
Café
**Investments**
Interest on short term deposits
**EXPENDITURE ON:**
**Charitable Activities:**
**Charitable activities**
Opening stock and work in progress
Bar and shop purchases
Event expenses
Exhibition costs
Rates and water
Licence fees
Wages and salaries
Social security
Pensions
Staff training expenditure
Computer software, IT consumables and maintenance
Repairs, renewals and maintenance
Insurance
Marketing and advertising costs
Data and telecommunications costs
Printing, postage and stationery
Subscriptions
Other direct costs
Depreciation
Closing stock and work in progress
Bank interest payable|**2025**
**Total**
**funds**
**£**
13,570
87,895
71,496|**2024**
**Total**
**funds**
**£**
64,821
90,021
7,604
162,446
3,537
9,442
22,580
1,665
4,573
41,797
218
218
204,461
(12,288)
(13,364)
(4,322)
(428)
(337)
(686)
(87,963)
(1,424)
(1,544)
(3,152)
(890)
(7,490)
(7,055)
(2,998)
(230)
(2,344)
(1,634)
(15,746)
(8,247)
13,730
(507)
...CONTINUED|
|---|---|---|
||172,961
3,406
10,883
24,160
1,027
4,988||
||44,464
295||
||295||
||217,720
(13,730)
(13,273)
(9,745)
(8,743)
(337)
(714)
(95,187)
(2,130)
(1,403)
(220)
(2,510)
(5,842)
(5,594)
(2,018)
(297)
(2,941)
(1,271)
(16,987)
(10,059)
14,551
(355)||
Page 13
## **Kings Own Royal Regiment Museum Fund Detailed Statement of Financial Activities (continued) For The Year Ended 28 February 2025**
|Bank charges
Accountancy fees
Consultancy fees
**NET INCOME**|(1,355)
(2,308)
(1,650)|(1,411)
(1,820)
(6,100)|
|---|---|---|
||(184,118)|(168,250)|
||(184,118)|(168,250)|
||33,602|36,211|
Page 14
## **Document electronically signed**
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## **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
Charity registration number: 271943
**KINGS OWN ROYAL REGIMENT MUSEUM FUND TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025**
## **Kings Own Royal Regiment Museum Fund Contents**
||**Page**|
|---|---|
|Reference and Administrative Details|1|
|Trustees' Report|2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Comparative Statement of Financial Activities|5|
|Statement of Financial Position|6|
|Notes to the Financial Statements|7—12|
|The following pages do not form part of the statutory accounts:||
|Detailed Statement of Financial Activities|13—14|
**Kings Own Royal Regiment Museum Fund Reference and Administrative Details For The Year Ended 28 February 2025**
|**Trustees**|R English|
|---|---|
||A Dennis OBE - Chairman|
||V Parry ACA|
||C W Glover|
||J M Fitzsimmons|
||P T Hampson|
||C Braithwaite (appointed 01/12/2024)|
||S Sole (appointed 01/12/2024)|
||P Reynolds|
|**Museum Manager**|Mrs J Wooding FHA BA(Hons)|
|**Charity Number**|271943|
|**Independent Examiner**|Luke Tattersall FCA|
||Tattersall Bailey|
||14a Main Street|
||Cockermouth|
||Cumbria|
||CA13 9LQ|
Page 1
**Kings Own Royal Regiment Museum Fund Trustees' Report For The Year Ended 28 February 2025**
The trustees present their report and the financial statements for the year ended 28 February 2025.
## **Other Information**
## **The Trustees Annual Report**
The Trustees Annual Report is included as a separate document to these statetemnts The trustees' report was approved by the board of trustees and signed on its behalf by:
A Dennis OBE Trustee 18/12/2025
Page 2
## **Kings Own Royal Regiment Museum Fund Independent Examiner's Report to the Trustees of Kings Own Royal Regiment Museum Fund For The Year Ended 28 February 2025**
I report to the trustees on my examination of the accounts of Kings Own Royal Regiment Museum Fund (the Trust) for the year ended 28 February 2025.
## **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 2011 Act and in carrying out my examination, I have followed the 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 contents 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 FCA 18/12/2025 14a Main Street Cockermouth Cumbria CA13 9LQ
Page 3
## **Kings Own Royal Regiment Museum Fund Statement of Financial Activities For The Year Ended 28 February 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
Transfers between funds
**18**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
129,456
42,664
295|**Restricted**
**funds**
**£**
43,505
1,800
-|**2025**
**Total funds **
**£**
172,961
44,464
295|**2024**
**Total funds**
**£**
162,446
41,797
218|
|---|---|---|---|---|
||172,415|45,305|217,720|204,461|
||(181,483)|(2,635)|(184,118)|(168,250)|
||20,615
8,398|12,987
(8,398)|33,602
-|36,211
-|
||29,013
295,273|4,589
11,074|33,602
306,347|36,211
270,136|
||324,286|15,663|339,949|306,347|
The notes on pages 7 to 12 form part of these financial statements.
Page 4
## **Kings Own Royal Regiment Museum Fund Comparative Statement of Financial Activities For The Year Ended 28 February 2025**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Charitable activities:
Charitable activities
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**6**
Charitable activities
**NET INCOME**
Transfers between funds
**18**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**18**|**Unrestricted**
**funds**
**£**
162,446
41,797
218|**Restricted**
**funds**
**£**
-
-
-|**2024**
**Total funds**
**£**
162,446
41,797
218|
|---|---|---|---|
||204,461|-|204,461|
||(168,250)|-|(168,250)|
||36,211
(11,074)|-
11,074|36,211
-|
||25,137
270,136|11,074
-|36,211
270,136|
||295,273|11,074|306,347|
The notes on pages 7 to 12 form part of these financial statements.
Page 5
**Kings Own Royal Regiment Museum Fund Statement of Financial Position As At 28 February 2025**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Stocks
**12**
Debtors
**13**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**14**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**Creditors: Amounts Falling Due After More Than One Year**
**15**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Restricted Funds
Unrestricted Funds
**TOTAL FUNDS**
**18**|**Unrestricted**
**funds**
**£**
127,738|**Restricted**
**funds**
**£**
-|**2025**
**Total funds **
**£**
127,738|**2024**
**Total funds**
**£**
129,730|
|---|---|---|---|---|
||127,738
14,551
7,284
187,508|-
-
-
15,663|127,738
14,551
7,284
203,171|129,730
13,730
5,544
179,916|
||209,343
(10,015)|15,663
-|225,006
(10,015)|199,190
(13,490)|
||199,328|15,663|214,991|185,700|
||327,066|15,663|342,729|315,430|
||(2,780)|-|(2,780)|(9,083)|
||324,286|15,663|339,949|306,347|
||||15,663
324,286|11,074
295,273|
||||339,949|306,347|
On behalf of the board
A Dennis OBE Trustee 18/12/2025
The notes on pages 7 to 12 form part of these financial statements.
Page 6
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements For The Year Ended 28 February 2025**
## 1. **General Information**
Kings Own Royal Regiment Museum Fund is an unincorporated charity registered with the Charity Commission, registered charity number 271943. The principal address is .
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements 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 charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it isprobable that the income will be received and the amount can be measured reliably.
## 2.3. **Resources Expended**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charityto 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 classifiedunder headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particularheadings they have been allocated to activities on a basis consistent with the use of resources.
## 2.4. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery - at varying rates on cost Fixtures & Fittings - 10% on reducing balance
## 2.5. **Stocks and Work in Progress**
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slowmoving stocks.
Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the statement of financial activities. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the statement of financial activities.
## 2.6. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Grants|**Unrestricted**
**funds**
**£**
100,715
28,741|**Restricted**
**funds**
**£**
750
42,755|**2025**
**Total**
**funds**
**£**
101,465
71,496|
|---|---|---|---|
||129,456|43,505|172,961|
Page 7
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
|Donations and gifts
Grants
4.
**Investment Income**
Interest on short-term deposits
5.
**Net Income/(Expenditure)**
The net income is stated after charging/(crediting):
Depreciation of tangible fixed assets - owned
6.
**Analysis of Expenditure**
Charitable activities
Charitable activities|**Unrestricted**
**funds**
**£**
154,842
7,604|**Restricted**
**funds**
**£**
-
-|**2024**
**Total**
**funds**
**£**
154,842
7,604|
|---|---|---|---|
||162,446|-|162,446|
||**Activities**
**undertaken**
**directly**
**£**
178,450|**2025**
**Unrestricted**
**funds**
**£**
295|**2024**
**Unrestricted**
**funds**
**£**
218|
|||**2025**
**£**
10,059|**2024**
**£**
8,247|
|||**Support costs**
(see note 7)
**£**
5,668|**2025**
**Total**
**£**
184,118|
||**Activities**
**undertaken**
**directly**
**£**
158,412|**Support costs**
(see note 7)
**£**
9,838|**2024**
**Total**
**£**
168,250|
Page 8
**Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 7. **Support Costs**
|Interest payable
Governance costs
Interest payable
Governance costs|**2025**
**Charitable**
**activities**
**£**
1,710
3,958|
|---|---|
||5,668|
||**2024**
**Charitable**
**activities**
**£**
1,918
7,920|
||9,838|
## 8. **Independent Examiner's Remuneration**
The independent examiner was paid £1,386 for their work in carrying out the independent examination of the charity’s accounts. No other benefits were paid to the independent examiner.
|Independent examination of the financial statements
Other assurance services
Tax advisory services
Other financial services
.
**Staff Costs**
taff costs were as follows:
Wages and salaries
Social security costs
Other pension costs|**2025**
**£**
1,386
-
-
-
1,386
**2025**
**£**
95,187
2,130
1,623
98,940|**2024**
**£**
1,320
-
-
-|
|---|---|---|
|||1,320|
|||**2024**
**£**
87,963
1,424
4,696|
|||94,083|
## 9. **Staff Costs**
Staff costs were as follows:
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
## 10. **Average Number of Employees**
Average number of employees during the year was as follows:
|Charitable Activities
Ministry of Defence employee|**2025**
4
1
5|**2024**
4
1|
|---|---|---|
|||5|
Page 9
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 11. **Tangible Assets**
|**Cost**
As at 1 March 2024
Additions
As at 28 February 2025
**Depreciation**
As at 1 March 2024
Provided during the period
As at 28 February 2025
**Net Book Value**
As at 28 February 2025
As at 1 March 2024
12.
**Stocks**
Stock
13.
**Debtors**
**Due within one year**
Trade debtors
Other debtors
14.
**Creditors: Amounts Falling Due Within One Year**
Trade creditors
Bank loans and overdrafts
Other creditors
Taxation and social security
Accruals and deferred income
15.
**Creditors: Amounts Falling Due After More Than One Year**
Bank loans|**Plant &**
**Machinery**
**£**
130,000
-|**Plant &**
**Machinery**
**£**
130,000
-|**Fixtures &**
**Fittings**
**£**
57,179
8,067|**Total**
**£**
187,179
8,067|
|---|---|---|---|---|
||130,000||65,246|195,246|
||32,500
6,500||24,949
3,559|57,449
10,059|
||39,000||28,508|67,508|
||91,000||36,738|127,738|
||97,500||32,230|129,730|
||||**2025**
**£**
14,551
**2025**
**£**
6,612
672
7,284
**2025**
**£**
-
6,655
433
1,541
1,386
10,015
**2025**
**£**
2,780|**2024**
**£**
13,730|
|||||**2024**
**£**
1,487
4,057|
|||||5,544|
|||||**2024**
**£**
1,125
6,815
853
3,251
1,446|
|||||13,490|
|||||**2024**
**£**
9,083|
Page 10
**Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
## 16. **Loans**
An analysis of the maturity of loans is given below:
|Amounts falling due within one year or on demand:
Bank loans
Amounts falling due between one and five years:
Bank loans|**2025**
**£**
6,655
**2025**
**£**
2,780|**2024**
**£**
6,815|
|---|---|---|
|||**2024**
**£**
9,083|
## 17. **Pension Commitments**
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund.
During the year the charge to the statement of financial activities in respect of defined contribution schemes was £1,403 (2024: £1,544).
At the statement of financial position date contributions of £319 (2024: £0) were due to the fund and are included in creditors.
## 18. **Movement in Funds**
|**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Afghan Community Project
Afghan Exhibition
Outdoor Exhibits
Resilient Alma
Sporting Heritage AMOT
Veterans' Lunches
Collections Care
**Total restricted funds**
**Total funds**
**Unrestricted funds**
General:
General unrestricted fund
**Restricted funds**
Afghan Community Project
Afghan Exhibition
Outdoor Exhibits|**As at 1 March**
**2024**
**£**
295,273
4,000
186
1,340
-
2,872
2,676
-|**Income**
**£**
172,415
-
-
-
39,480
-
2,550
3,275|**Expenditure**
**£**
(151,800)
-
-
-
(27,339)
-
(1,704)
(3,275)|**Transfers**
**£**
8,398
(4,000)
(186)
(1,340)
-
(2,872)
-
-|**As at 28**
**February 2025**
**£**
324,286
-
-
-
12,141
-
3,522
-|
|---|---|---|---|---|---|
||11,074|45,305|(32,318)|(8,398)|15,663|
|||||||
||306,347|217,720|(184,118)|-|339,949|
||**As at 1 March**
**2023**
**£**
270,136
-
-
-|**Income**
**£**
204,461
-
-
-|**Expenditure**
**£**
(168,250)
-
-
-|**Transfers**
**£**
(11,074)
4,000
186
1,340|**As at 29**
**February 2024**
**£**
295,273
4,000
186
1,340
...CONTINUED|
Page 11
## **Kings Own Royal Regiment Museum Fund Notes to the Financial Statements (continued) For The Year Ended 28 February 2025**
|Sporting Heritage AMOT
Veterans' Lunches
**Total restricted funds**
**Total funds**|-
-|-
-|-
-|2,872
2,676|2,872
2,676|
|---|---|---|---|---|---|
||-|-|-|11,074|11,074|
|||||||
||270,136|204,461|(168,250)|-|306,347|
## 19. **Transactions with Trustees**
None of the trustees received any remuneration or any other benefits from an employment with the charity or a related entity during the current or previous year.
No trustee expenses have been incurred.
## 20. **Related Party Disclosures**
There have been no related party transactions in the reporting period that require disclosure.
Page 12
**Kings Own Royal Regiment Museum Fund Detailed Statement of Financial Activities For The Year Ended 28 February 2025**
|**INCOME AND ENDOWMENTS FROM:**
**Donations and legacies**
Appeals and donations
Admissions
Grants
**Charitable Activities:**
**Charitable activities**
Education
Events
Gift shop
Bar
Café
**Investments**
Interest on short term deposits
**EXPENDITURE ON:**
**Charitable Activities:**
**Charitable activities**
Opening stock and work in progress
Bar and shop purchases
Event expenses
Exhibition costs
Rates and water
Licence fees
Wages and salaries
Social security
Pensions
Staff training expenditure
Computer software, IT consumables and maintenance
Repairs, renewals and maintenance
Insurance
Marketing and advertising costs
Data and telecommunications costs
Printing, postage and stationery
Subscriptions
Other direct costs
Depreciation
Closing stock and work in progress
Bank interest payable|**2025**
**Total**
**funds**
**£**
13,570
87,895
71,496|**2024**
**Total**
**funds**
**£**
64,821
90,021
7,604
162,446
3,537
9,442
22,580
1,665
4,573
41,797
218
218
204,461
(12,288)
(13,364)
(4,322)
(428)
(337)
(686)
(87,963)
(1,424)
(1,544)
(3,152)
(890)
(7,490)
(7,055)
(2,998)
(230)
(2,344)
(1,634)
(15,746)
(8,247)
13,730
(507)
...CONTINUED|
|---|---|---|
||172,961
3,406
10,883
24,160
1,027
4,988||
||44,464
295||
||295||
||217,720
(13,730)
(13,273)
(9,745)
(8,743)
(337)
(714)
(95,187)
(2,130)
(1,403)
(220)
(2,510)
(5,842)
(5,594)
(2,018)
(297)
(2,941)
(1,271)
(16,987)
(10,059)
14,551
(355)||
Page 13
## **Kings Own Royal Regiment Museum Fund Detailed Statement of Financial Activities (continued) For The Year Ended 28 February 2025**
|Bank charges
Accountancy fees
Consultancy fees
**NET INCOME**|(1,355)
(2,308)
(1,650)|(1,411)
(1,820)
(6,100)|
|---|---|---|
||(184,118)|(168,250)|
||(184,118)|(168,250)|
||33,602|36,211|
Page 14
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