| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustees | and advisers | |
| Trustees' report |
2-7 | ||
| Independent examiner's report |
8-9 | ||
| Statement offinancial activities | 10 | ||
| Balance sheet | |||
| Notes to the financial statements | 12 - 19 |
| Trustees | Nigel Bradford, Trustee | Nigel Bradford, Trustee | {Resigned Sep 2022) | |
|---|---|---|---|---|
| Simon Butler, Trustee | ||||
| John Davies, Trustee | ||||
| Tim Fisher, Trustee | ||||
| Mike Green, Treasurer | and Secretary | |||
| Mark Jackson, Chairman | ||||
| Keith Norton, Trustee | ||||
| Hugh Richards, Trustee |
||||
| Sandra Taylor (Joined | Dec 2022) | |||
| Andrew Wadland, |
Trustee | |||
| Charity registered | ||||
| number | 276510 | |||
| Principal office | Dancox House Army Reserve Centre | |||
| Pheasant Street | ||||
| Worcester | ||||
| Worcestershire | ||||
| WR1 2EE | ||||
| Accountants | D C Boom 8 Co | |||
| 88 Cowleigh Road |
||||
| Malvern | ||||
| Worcestershire | ||||
| WR14 1QW | ||||
| Bankers | CAF Bank | |||
| Kings Hill |
||||
| West Mailing | ||||
| Kent | ||||
| ME194TA | ||||
| Investment | Managers | EFH Harris Allday | ||
| Church Mews |
||||
| Ombersley | ||||
| Worcestershire | ||||
| WR9 OEW |
| FOR THE YEAR ENDED | 31 DECEMBER 202 | 2 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | Funds | Funds | Funds | |||
| Note | 2022 | 2022 | 2022 | 2021 | ||
| INCOME FROM: | ||||||
| Donations and legacies |
124073 | 124073 | 22747 | |||
| Other trading activities |
1008 | 1008 | 1137 | |||
| Investments & Bank Int |
30202 | 30202 | 28767 | |||
| Designated Friends Fund [R] |
1188 | 1188 | 1409 | |||
| Museum Collection Fund [R] |
500 | |||||
| Museum Grants Received [R] |
||||||
| Worcestershire Soldier Fund[R] |
||||||
| Museum Sustainability Fund [D] |
||||||
| Museum Conservation Fund [D] |
1250 | 1250 | ||||
| TOTAL INCOME | 155283 | 2438 | 157721 | 55560 | ||
| EXPENDITURE ON: | ||||||
| Raising funds | ||||||
| Charitable activities |
687 | 95355 | 95355 | 50230 | ||
| Designated Friends Fund [R] |
380 | 380 | 524 | |||
| Museum Collection Fund [R] |
152 | 152 | 895 | |||
| Museum Grants Received [R] |
||||||
| Worcestershire Soldier Fund[R] |
||||||
| Museum Sustainability Fund [D] |
||||||
| Museum Conservation Fund [D] |
4978 | 4978 | ||||
| TOTAL EXPENDITURE | 100333 | 532 | 100865 | 51649 | ||
| NET INCOME BEFORE INVESTMENT GAINS/(LOSSES) | 54950 | 1906 | 56856 | 3911 | ||
| Net gains/(losses) on investments |
14 | -139300 | -139300 | 47394 | ||
| NET INCOME / (EXPENDITURE) BEFORE |
-84350 | 1906 | -82444 | 51305 | ||
| OTHER RECOGNISED GAINS AND LOSSES | ||||||
| Transfer to Fixed Assets | 13 | 19397 | 19397 | |||
| NET MOVEMENT IN FUNDS |
-64953 | 1906 | -63047 | 51305 | ||
| RECONCILIATION OF FUNDS: |
||||||
| Total funds brought forward |
975946 | 975946 | 924622 | |||
| Funds Adjustment | 19 | |||||
| TOTAL FUNDS CARRIED FORWARD | 910993 | 1906 | 912899 | 975946 | ||
| All activities relate to continuing | operations. | |||||
| The notes on pages 12to 20 form part ofthese | ||||||
| financial statements. |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | Funds | Funds | Funds | ||||||
| 2022 | 2022 | 2021 | |||||||
| Note | |||||||||
| FIXEDASSETS | |||||||||
| Tangible assets | 13 | 19397 | 19397 | ||||||
| Investments | 14 | 634347 | 160000 | 794347 | 933647 | ||||
| CURRENT ASSETS | |||||||||
| Stocks (Notional) | 15 | ||||||||
| Debtors | 16 | ||||||||
| CAF Cash at bank and | in | hand | 88587 | 3003 | 91590 | 35542 | |||
| Friends Cash at bank and | in hand | 7565 | 7565 | 6757 | |||||
| 88587 | 10568 | 99155 | 42299 | ||||||
| CREDITORS: amounts | falling due within | one | |||||||
| year | 17 | ||||||||
| NET CURRENT ASSETS | 99155 | 42299 | |||||||
| NET ASSETS | 912899 | 42299 | |||||||
| CHARITY FUNDS | |||||||||
| Restricted | 163003 | 933647 | |||||||
| Unrestricted | 18 | 749896 | 42299 | ||||||
| TOTAL FUNDS | 912899 | 975946 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Fund | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E | E | ||||||
| Donations | and | Gift | |||||
| Aid | 19073 | 19073 | 3747 | ||||
| Appeals | 0 | 0 | 0 | ||||
| MOD Grant | in | Aid | 0 | 0 | 0 | ||
| Museum | Collection | 0 | 0 | 500 | |||
| Grants | 105000 | 1250 | 106250 | 20000 | |||
| Total donations | and | ||||||
| legacies | 124073 | 1250 | 125323 | 24247 |
| Unrestricted | Total Fund | Total | ||
|---|---|---|---|---|
| funds | Fund | |||
| 2022 | 2022 | 2021 | ||
| F | ||||
| Research | 664 | 664 | 865 | |
| Events | 21 | |||
| Shops Sales 8 | ||||
| Publication | rights | 100 | 100 | 251 |
| Other income | 243 | 243 | 0 | |
| 1007 | 1007 | 1137 |
| Unrestricted | Total | |||
|---|---|---|---|---|
| funds | Total Funds | Funds | ||
| 2022 | 2022 | 2021 | ||
| E | F | |||
| Bank Interest 8 | ||||
| Dividends | received | 30202 | 30202 | 28767 |
| In 2021, ofth | e tot | al i | nvestment income, f28 |
767 was to unrestricted fun |
ds and ANIL w |
|---|---|---|---|---|---|
| 6. DIRECT |
|||||
| COSTS | Total | Total | |||
| 2022 | 2021 | ||||
| E | |||||
| Museum Display |
&Acquisitions | 296 | 895 | ||
| Subscriptions | and | sundries | 9454 | 2649 | |
| Conservation | 4978 | 0 | |||
| Insurance | 929 | 909 | |||
| Research costs | 316 | 302 | |||
| Postage | 8 | 22 | |||
| Events | 0 | 0 | |||
| Shop purchases | 0 | 28 | |||
| IT Equipment | 19397 | 0 | |||
| Office supplies | 491 | 0 | |||
| Depreciation | 0 | 0 | |||
| Wages and | |||||
| salaries | 64025 | 45921 | |||
| Training | 590 | 0 | |||
| As 31 December | 2022 | 100484 | 50726 | ||
| 7. GOVERNANCE |
Total | ||||
| COSTS | funds | Total funds | |||
| 2022 | 2021 | ||||
| E | |||||
| Governance | Auditors' | remuneration | 0 | 0 | |
| 8. OTHER | COSTS | Total funds | Total fund | ||
| 2022 | 2021 | ||||
| Transfer to | Investments | 0 | |||
| Friends Designated | activities | 380 | 524 |
| 9. ANALYSIS OF RE |
SOUR | CES EXPENDED | BYEXPENDITURE T | YPE | |
|---|---|---|---|---|---|
| Staff | As | ||||
| costs | Other costs | Total | restated | ||
| Total | |||||
| 2022 | 2022 | 2022 | 2021 | ||
| f | E | ||||
| Expenditure on |
|||||
| raising voluntary | |||||
| income | 0 | ||||
| COSTS OF | |||||
| GENERATING | |||||
| FUNDS | 0 | 0 | 0 | 0 | |
| Support costs | 64025 | 36459 | 100484 | 51125 | |
| Expenditure on governance |
0 | 0 | 0 | 0 | |
| TOTALS | 64025 | 36459 | 100484 | 51125 | |
| 10. NET INCOMING |
|||||
| RESOURCES/(RESOURCES | EXPENDED) | 2022 | 2021 | ||
| This is stated after charging: | |||||
| Depreciation oftangible |
fixed | assets: | |||
| -owned by the |
|||||
| charity | |||||
| Auditors' remuneration |
- audit |
| 12. STAFF | ||
|---|---|---|
| COSTS | ||
| Staff costs were as follows: | 2022 | 2021 |
| Wages and Salaries | f64025 | 645921 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 2 | 2 |
| Fixtures | Fixturesa | |||
|---|---|---|---|---|
| &fittings | fittings | |||
| COST | 2022 | 2021 | ||
| At 1 January 2022 | ||||
| Additions | 19397 | |||
| At 31 December 2022 | 19397 | |||
| DEPRECIATION | ||||
| At 1 January 2022 | ||||
| Charge for the year | ||||
| At 31 December 2022 | ||||
| NET BOOK VALUE | ||||
| At 31 December 2022 | 19397 | |||
| 14. FIXEDASSET INVESTMENTS | Listed | Listed | ||
| securities | securities | |||
| 2022 | 2021 | |||
| MARKET VALUE | ||||
| At 1 January 2022 | 933647 | 886253 | ||
| Valuation Adjustment |
||||
| Revaluations | -139300 | 47394 | ||
| At 31 December 2022 | 794347 | 933647 | ||
| HISTORICAL COST | 689681 | |||
| INVESTMENTS AT MARKET | VALUE | |||
| COMPRISE: | 2022 | 2021 | ||
| E | E | |||
| Listed investments | 794347 | 933647 | ||
| All the fixed asset investments | are held | in the UK |
| 15. STOCKS | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| F | ||||||||
| Finished goods and goods for | resale | 0 | 0 | |||||
| 16. DEBTORS | 2022 | 2021 | ||||||
| E | ||||||||
| Other debtors | 0 | 0 | ||||||
| 17. CREDITORS: | AMOUNTS | FALLING | DUE WITHIN | ONE | ||||
| YEAR | ||||||||
| 2022 | 2021 | |||||||
| E | ||||||||
| Other creditors | 0 | 0 | ||||||
| 18. STATEMENT | OF | |||||||
| FUNDS | ||||||||
| 2022 | Brought Forward |
Income | Expenditure | Transfers in lout |
Gains/ (Losses) |
Carried Forward |
||
| DESIGNATED FUNDS | Z | 6 | ||||||
| Designated Friends Fund |
16742 | 1188 | (380) | 17550 | ||||
| Museum Collection Fund |
24605 | (152) | 24453 | |||||
| Museum Grants Received |
25000 | (4000) | 21000 | |||||
| Worcester Soldier Fund | 100000 | 100000 | ||||||
| Total designated Fund |
166347 | 1188 | (4532) | 163003 | ||||
| GENERAL FUNDS | ||||||||
| General Fund 1 Jan 2022 |
809879 | 155283 | (91355) | (139300) | 734525 | |||
| Tangible fixed, assets |
19397 | |||||||
| Museum Sustainability |
Fund | 300000 | 300000 | |||||
| Museum Conservation |
Fund | 40000 | 1250 | (4978) | 36272 | |||
| General Fund 31 Dec2022 |
809599 | 156533 | (96333) | (139300) | 749896 | |||
| Total funds | 912899 |
| SUMMARY OF FUNDS | ||||||||
|---|---|---|---|---|---|---|---|---|
| Brought | Expenditure | Transfers | Gains/ | Carried | ||||
| Forward | Income | in/out | (Losses) | Forward | ||||
| F | ||||||||
| Designated Friends Fund |
16742 | 1188 | (380) | 17550 | ||||
| Museum Collection fund |
24605 | (152) | 24453 | |||||
| Museum Grants Received |
25000 | (4000) | 21000 | |||||
| Worcestershire Soldier |
Fund | 100000 | 100000 | |||||
| Museum Sustainability |
Fund | 300000 | 300000 | |||||
| Museum Conservation |
Fund | 40000 | 1250 | (4978) | 36272 | |||
| Total Designated/Restricted | Funds | 506347 | 2438 | (9510) | 499275 | |||
| Gen Fund 1 Jan 2022 |
469599 | 155283 | (91355) | (139300) | 394227 | |||
| .Tangible fixed assets |
19397 | |||||||
| Total General Fund 31 |
Dec | 2022 | 975946 | 157721 | (100865) | (139300) | 893502 | |
| Total Fund BF | 912899 |
| Unrestricted | Restricted | Totals funds | Total funds | |
|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | |
| Tangible fixed assets | 19397 | 19397 | ||
| Fixed asset Investment | 634347 | 160000 | 794347 | 933647 |
| Current assets | 91590 | 7567 | 99155 | 42299 |
| Creditors due within one year | 745334 | 167565 | 912899 | 975946 |