##
||||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|||
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|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|
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|||||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|