Cu£1 Qoei THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 CHARITY NO. 275468
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND Index Pago No. Trustees, Annual Rewrt Independent Examinerfs ReFQrt Statement of Financial Activities Balance Sheet Notes to thfr Accounts
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEM8ER 2025 The trustees present their report for the year ended 31st December 2025. The Suffolk Regiment Museum and Trust Fund is registered with the Charities Commission, No. 275468 and governed by the charity's nStItUtIon under a trust deed dated 28.12.1977 and by applicable law. The Suffolk Regiment Museum and Trust Fund address is The Keep Gibraltar Barracks Bury Sl Edmunds Suffolk IP33 3RN The Trustees for the year were.. Brigadier A J K Calder OBE DL Lieutenant Colonel A D Slaler OBE Colonel C M Elsden DL Lieutenant Col D S Denson TD Colonel M Knight MBE DL Councillor R D Everitt Lieutenant Colonel M H Wenham Major G O Lulon Major P J Machni¢ki Captain D Granfield MrRCAdam Resigned - October 2025 IHonl Se¢relary Resigned - Marth 2025 {Hon} Tmsurer Died - July 2025 Chairman Appointed - 10th March 2025 Appointed - 10th March 2025 Oryanlsatlon Trustees are appointed by the i%)ard of trust$. The trustees meet in a quorum three limes per year to assess the overall running of the museum. The chairman. treasurer, curator and setary meet regulady to discuss the daily running affairs ol the charity. Obj•cts, Organi8atlon and Actlvttl•s The objects ol the charity are lo educate the public and members of the Regiment In the history and military accomplishments of the Regiment and to promote milrtary effICncY and encourage re¢ruilmenl by public exhibition of the collection in a museum or museums or such other public places as the trustees may from ts'me lo lime decide, and to conserve, restore, repair, reconstruct and preserve objeels and archives in the Collectson. The Museum There has continued lo be a steady increase in visitor numbers wth positive feedback from many of the visitors. A dedicated band of volunteers help to ens4Jre the Museum continues to be open three days a week 8nd one Sunday a month. The Museum hosts an increasing number of specral interest groups, including regular visits from West Suffolk Colloge as part of several of their courses. A FEPOW exhibition spon501ed joindy with the Royal Norfolk Regiment Museum In Moyse's Hall has already attraclad over 7,000 visitors sincè il opened in September and will remain there until Aprll 2026. The Suffolk and Cambrtdgeshire Regiment records and photographs are now held in a roller racked archive store in West Suffolk House. A part lime Archivist maintains the archive, makes them availl8ble to the public and with a team of volunteers answer research quenes. Many of the visitors to the Museum are in search of infomiation about famity members who have served in the Suffolk and Cambridgeshire Regiments. The Museum object and archNe databases have been moved from MODES to MUSEON. These along wth the Museum files are now held on a Cloud based IT system. A new website wll be launched in Spring 2026 which wll include informalion on the Museum objects and archives.
Flnancial Review and Investment Policy Interest from the invested funds 8nd grants are used to fvnd a full lime curaloi. a part-lime Archivist and maintain the Museum. The bulk of the funds are invested with COIF Charity Funds by CCLA Investment Management Ltd in order lo provide an endovmient available to ensure the long term luture of the Museum. There has been a decrease of 4.1 % in the value of the investments la increase of 2410 in 20241. The The Trustee5 have carried out a review of the investrnent strategy and deuded to move the investments to Cazenove following presentations from a number of Investment Management companies. This will take place in early 2026. The Trustees feel that this strategy is the best possible one under the prevailing conditsons. There are no restn'ctions on the charitys wwer to invest. The investment strategy is sel by the Iruslees al its meetings three times a year and takes account of recent demand for fvnds. The overall strategy is lo invest in medium risk inveslmenls. R889ryes Pollcy The charity maintains enough cash at bank in an instant access interest bearing account to cover foreseeable expenses. with a balance of £1.359,000 held In longer term inveslmenls. R18k Management The trustees have examined the major Strategic, business and operational risks whh the charty faces and confirm that systems have been estsblished to enable regular reports to be produced so that the necessary steps can be taken lo lessen these nsks. Trustees. Responslbllltle$ Statement The Iruslees are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounbng Standards (United Kingdom Accepted Accounting Praclicel. The law applicable lo chartties in England & Wales requires the trustees to prepare financial slalements for each financial year which give a true and fair view of the stale of the affairs ol the charrty and ol the incoming resources and appIon of resources of the ¢h8rity for that pgnod. In preparing these financi81 stslemenls, the Iruslees are required to. select suitable ac¢ounling polic and then apply them consistently", observe the methods and pnnciples in the Charities SORP 2019 IFRS 102)- make judgements and estimates that are reasonable and prudent, slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements", prepare the financpl stslements on the going concem basis unless il is inappropriale lo presume that the charity will continua in operation. The Iruslees are responsible for keeyng accounbng records that dwlose vth reasonable accuracy al any lime the financial poSitn of the chanty and enable them to ensure that the financial statements comply with Charities Act 2011. the Charity (Accounts and Reports) Regulalions 2008 and trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventr'on and detection of fraud and other irregularities. The Charity's bankets are Lloyds Bank at Bury St Edmunds. The Independent Examiner is H Tacconi, Chartered Accountant. Approved by the trustees and signed on their behalf by.. Lieutenant Colon (Hon) Sec & Trustee D Slaler OB Dale
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND I report lo the chaiity trustees on my eXaminatn of the accounts of the charity for the year ended 31st Dernber 2Q25 which are sel out on pages 5 to 8. Re8ponsibilities and basis of report As the charity's trustees you are POnSible for the preparation of the accounts in accnrdance with the wuiremenls of th& Chanbes Act 2011 {'the Acr}. I report in respect of my eXaMinatn of the chaTty's accounts carried oul under section 145 of the Act and in carrying out my exarninalion I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the A¢t_ Independent examlnerf$ $talomont I have completed my examination. I wnfim) that no material matters have me to my attention in conn8¢lion with the examinabon giving me Cause to believe that in any material rnspecl.. accountsng records were not kept in respect of the tharity as required by section 130 of the Act., or 2, the ac¢ounls do not ac¢ord wrth those records,. or 3. the accounts do not Gomply with the applicable requirements conceming the form and Gonlenl of the accounts sel oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts gNe a 'tTue and fair view. which Is not a matter considered as part of an independent examinalKsn. I have no ¢on¢erns and have come across no other matters in ¢onnecb"on wf(h the examinatson to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Tacconi IFCAI 32a Ea51 Sireel Sl, Ives Cambs PE27 SPD Dated.. IL -P -LoL6
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND STATEMENT OF FINANCIAL ACTIVITIE FOR THE YEAR ENDED 31ST DECEMBER 2025 Unrestricted Reslricted Endowment Funds Funds Funds Total 2025 Totsl 2024 Note INCOME Investment income Donations & Grants Bequest Shop sales 44.623 6,671 44.623 6,671 44.667 16,243 626 626 524 TOTAL INCOME 51,920 51,920 61,434 EXPENDITURE Charitable activities Other 9.033 82.334 9.033 82,334 26.168 61,983 TOTAL EXPENDITURE 91,367 91,367 88,151 N•t l•xp•ndltut•l for the yèar 139,4471 {39,447) {26,717) ILo$s) l Gain on Invostmènt Assèts 167.9991 {57.9991 26.873 Surplu8 lor the yoar 197,4461 {97.4461 166 Accumulated Fund brought forward 1,485.204 1,485,204 1,485.048 Accumulatèd Fund carrled forward 1,387,758 1,387,758 1,485,204
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND BALANCE SHEET A AT 31ST DECEMBER 2025 Unrestricted Restricted Endowrnent Funds Funds Funds Total 2025 Total 2024 Note Fixed Assets Investments 1.359.291 1,359,291 1,417,291 1,359.291 1.359.291 1.417,291 Currgnt Assets Stock for resale Debtors Cash al bank & in hand 1.520 443 38,228 1,520 443 38.228 1,814 12,860 58,166 Total Current Assots 40,191 40,191 72.840 L• Current Llablllllos Creditors {11.724) 14,9271 Net Current Assets 28,467 28.467 67,913 Totsl A6sots 1387 758 1,387,758 1,485,204 R•prnsented by In¢ome Fund$ Unre8trlcted funds 1,387.758 1,387,758 1,485.204 Restr1¢t fund8 TOTAL 1.387,758 1,387,758 1,485,204 These account5 were approved on behalf on the Managing Committee by lo Date (Chairman) LuL_¥ CL(
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025 Note 1 ACCOUNTING POLICIES Basis of preparing the financial $tstem8nts The financial slalements of the charitable company. which is a publi¢ benefit entity under FRS 102, have been plepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by CharilEs'. Statement of Recommended Prath'ce applicable to charities preparing their accounts in accordance with th8 Financial Reportsng Standard applicable In the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191., Financ1 Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of lieland. and the CharitS Act 2011. The financ1 ststemenls have been prepared under the histoncal cost convention. The financial statements have bgen prepared lo give a 'hJe and fair. view and have departe<l from the CharitS IAccounts and Reports} Regulations 2008 onty to the extent required lo provide a 'lrue and fair view,. This departure has involved followin9 the Accounts"ng and Reporbng by Charities.. Slalement of Recommended Practice applicable to chantEs prepanng their aoUnts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued in October 2019 rather than the Accounting and ReFQrting by Chanlies.. Statement of Recommended Practice effectsve from 1 April 2005 which has since been withdrawn. The financial statements are prepared on a gThng cOnM basis under the historical cost convention, modified lo include certain items al fair value. The financial slalements are presented in sleding which is the functional currency of thè chanty and rounded to the nearest pound. Incomè All Income is ogniSed in the Statement of Financial AclNits"es once the charity has enlitlemenl lo the funds. il is probable that the income 11 be received and the amount can be measured reliabty, Expendlture Liabilities are fecognised as expendrture as soon as there is a legal or constructive obligation committing the charity to that expenditure. rt is probab that a transfer of ewnomic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is aecounled for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be d1Ctty attnbuled to particular headings they have been allocated to activities on a basis consistent with the use of resources. Investments Investments are included at market value at the balan sheet date. The Statement of Financial Activities includes the nel gains and losses arising on revaluatDns and disposals throughout the year. The artefacts in the museum are not brought into the accounts al cost or Valuat)n because the trustees consider that they have no value other than as part of the collection. Fund oc¢ountJng Unrestricted funds can be used in accordan the ¢harilabFe objectives at the discretion of the trustees. Restrtted funds can onty be used for particular restricted puftx)ses wthin the objects of the charity. Restrictions arise when specifie(I by the donor or when funds are raised for particular restricted purposes. Endowment funds represent those assets which must be held pemianenlty by the Gharity, principally freehold land and buildings_
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025 Note 2 Investment Income 2025 2024 Interest received Other investment income 1,216 43,407 1,159 43.508 44,623 44.667 8oquest During the year the sum of £0 was to the charity12024 EO). Ch•rltable Exp•ndlture 2025 2024 Display items purchased for the museum Minden Day Grants Donations Best Soldier Competition 3.333 2,500 2,000 750 450 20,318 2,500 2,000 900 450 9,033 26.168 S Other 2025 2024 Insurance AountancY fees Sundry expenses Wages & expenses paid Postage, stationery and advertising Website and computer costs Cost of sales Alarm system Rent- West Suffolk House3r¢hives 2,283 920 1.338 55,017 681 13,311 295 2,411 6.078 2,051 900 1,498 51.261 66 4,021 60 1,453 673 82,334 61,983 Gain on Investment 2025 2024 Increase in value of COIF investment 57,9991 26.873
THE SUFFOLK REGIMENT MUSEUM AND TRUST FUND NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2025 Noto Investments 2025 2025 COIF propety fund COIF Gharilies Investsnent fvnd 145,987 1.213,304 142,989 1,274,302 1,359.291 1,417,291 Creditorn 2025 2024 Accountancy fees PAYE & NI Other creditors 620 280 10.824 600 764 3,563 11.724 4,927 Movement In Fund8 Net movement in funds A11 1.25 At31.1225 Unrestrl¢ted fund$ 1.485,204 197,446} 1.387,758 Restrlcted funds Endowment fundi TOTAL FUNDS 1485 204 1387 758 Nel movemenl in funds, inctuded in the above are as foltows.. Incoming sources Resources expended Gains & losses Movement in funds Unrestrlcted funds 51.920 191.367) 157,9991 197,4461 Restrictèd funds Endowment funds TOTAL FUNDS 97 446