2024-09-30-accounts - The Guards Museum Trust

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		`Page`
`Referenceandadministrativedetailsofthecharity,itsTrusteesandadvisers`		`1`
`Trustees’report`	`,`	`2`
`Independentexaminer'sreport`		`5`
`Consolidatedstatementoffinancialactivities`		`8`
`Consolidatedbalancesheet`		`9`
`Charitybalancesheet`		`10`
`Consolidatedstatementofcashflows`		`11`
`Notestothefinancialstatements`		`12`

29 July 2025

			`Unrestricted`	`Restricted`	`Restricted`	`_Total`
			`funds`		`_funds`	`funds`	`Total`
			`2024-9`	`.`	`2024-9`	`2024-9`	`funds`
			`months`		`months`	`months`	`2023-12`
			`ended30`	`ended30`		`ended30`	`months31`
			`Sept2024`	`Sept2024`		`Sept2024`	`Dec 2023`
			`£`	`:`	`£`	`£`	`£`
`Incomefrom:`
`Donationsandlegacies`			`15,058`		`32,471`	`47,529`	`115,886`
`Charitableactivities`			`107,028`		`-`	`107,028`	`132,615`
`Othertradingactivities`			`195,847`		`-`	`195,847`	`270,151`
`Investments`			`19,993`		`-`	`19,993`	`21,708`
`Totalincome`			`337,926`		`32,471`	`370,397`	`540,360`
`Expenditureon:`
`Raisingfunds`			`128,437`		`-`	`128,437`	`154,785`
`Charitableactivities`	`—`		`68,940`		`32,471`	`101,411`	`187,746`
`Totalexpenditure`			`197,377`		`32,471`	`229,848`	`342,531`
`Netmovementinfunds`		`beforeother`
`recognisedgains/(losses)`			`140,549`		`-`	`140,549`	`197,829`
`Otherrecognisedgains/(losses):`
`Gainsonrevaluationof`	`fixedassets`		`33,085`		`-`	`33,085`	`24,776`
`Netmovementinfunds`			`173,634`		`-`	`173,634`	`222,605`
`Reconciliationoffunds:`
`Totalfundsbroughtforward`			`1,180,218`		`-`	`1,180,218`	`957,613`
`Netmovementinfunds`		`-`	`173,634`		`-`	`173,634`	`222,605`
`Totalfundscarriedforward`			`1,353,852.`		`-_`	`__1,353,852___7,780,218`

		`30`	`30`	`31`
		`September`		`December`
		`2024`		`2023`
	`Note`		`£`	`£`
`Fixedassets`
`Tangibleassets`	`13`	`15,443`		`17,294`
`Investments`	`14`	`694,162`		`661,077`
`Currentassets`		`709,605`		`678,371`
`Stocks`	`15`	`1,996`	`3,212`
`Debtors`	`16`	`86,735`	`180,556`
`Cashatbankand`	`inhand`	`665,396`	`376,557`
`Currentliabilities`		`754,127`	`560,325`
`Creditors:amountsfallingduewithinone`
`year`	`17`	`(109,880)`	`(58,478)`
`Netcurrentassets`		`644,247`		`501,847`
`Totalassetsless`	`currentliabilities`	`1,353,852`		`1,180,218`
`Netassetsexcludingpensionasset`		`1,353,852`		`1,180,218`
`Totalnetassets`		`1,353,852`		`—1,180,218`
`Charityfunds`
`Restrictedfunds`	`18`	`-`
`Unrestrictedfunds`	`18`	`1,353,852`		`1,180,218`
`Totalfunds`	`td`	`___1,353,852`		`—1,180,218`
`Thefinancialfatementswereapprovedandauthorised`		`forissuebytheTrustees`	`andsignedon`	`theirbehalfby:`
`Z.`

				`30`		`of`
		`Note`		`September` `2024` `£`		`December` `2023` `£`
	`Fixedassets`
	`Tangibleassets`	`13`		`1,750`		`1,750`
	`Investments`	`14`		`694,162`		`661,078`
				`695,912`		`662,828`
	`Currentassets`
	`Debtors`	`16`	`129,298`		`199,466`
	`Cashatbankandinhand`		`569,071`		`340,228`
			`698,369`		`539,694`
`’`	`Currentliabilities`
	`Creditors:amountsfallingduewithinone`
	`year`	`17`	`(35,849)`		`(17,723)`
	`Netcurrentassets`			`662,520`		`521,971`
	`Totalassetslesscurrentliabilities`			`1,358,432`		`1,184,799`
	`Netassetsexcludingpensionasset`			`1,358,432`		`1,184,799`
	`Totalnetassets`			`__1,358,432`		`1,184,799`
	`Charityfunds`
	`Restrictedfunds`	`18`		`‘`		`7`
	`Unrestrictedfunds`	`18`		`1,358,432`		`1,184,799`
	`Totalfunds`			`—_1,358,432`		`1,184,799`

		`30`	`31`
	`September`		`December`
		`2024`	`2023`
		`£`	`£`
`Cashflowsfromoperatingactivities`
`Netcashusedinoperatingactivities:`		`279,431`	`46,966`
`Cashflowsfrominvestingactivities`
`Dividends,interestsandrentsfrominvestments`		`12,901`	`17,108`
`Netcashprovidedbyinvestingactivities`		`12,901`	`17,108`
`Cashflowsfromfinancingactivities`
`Purchaseofintangiblefixedassets`		`(3,493)`	`(6,463)`
`Netcashusedinfinancingactivities`		`(3,493)`	`\|(6,463)`
`Changeincashandcashequivalentsintheperiod`		`288,839`	`57,611`
`Cashandcashequivalentsatthebeginningoftheperiod`	`'`	`376,557`	`318,946`
`Cashandcashequivalentsattheendoftheperiod`		`665,396.`	`376,557`
`Thenotesonpages12to36formpartofthesefinancialstatements`

	`Unrestricted`	`Restricted`	`Total`
	`funds`	`funds`	`funds`
	`2024-9`	`2024-9`	`2024-9`
	`months`	`months`	`months`
	`ended30`	`ended30`	`ended30`
	`Sept2024`	`Sept2024`	`Sept2024`
	`_` `O£`	`£`	`£`
`Donations`	`15,058`	`-`	`15,058`
`Grants`	`-`	`32,471`	`32,471`
	`15,058`	`32,471`	`47,529.`
	`Unrestricted`	`Restricted`	`Total`
	`funds`	`funds`	`funds`
	`2023`	`2023`	`2023`
	`£`	`£`	`£`
`Donations`	`89,683`	`~`	`89,683`
`Grants.`	`-`	`26,203`	`26,203`
	`89.683`	`26,203`	`115,886`

	`Unrestricted`	`Total`
	`'` `funds`	`funds`
	`2024-9`	`2024-9`
	`months`	`months`
	`ended30`	`ended30`
	`Sept2024`	`Sept2024`
	`£`	`£`
`Museumadmissions`	`107,028`	`407,028`
	`Unrestricted`	`Total`
	`funds`	`funds`
	`2023- 12`	`2023- 12`
	`months`	`months`
	`ended31`	`ended31`
	`Dec2024`	`Dec2024`
	`£`	`£`
`Museumadmissions`	`132,615`	`132,615`

`Unrestricted`	`Unrestricted`		`Total`
	`funds`		`funds`
	`2024` `-9`		`2024` `-9`
	`months`		`months`
	`ended30`		`ended30`		`—`
`Sept2024`			`Sept2024`
	`£`		`£`
	`195.847`		`195,847`
`Unrestricted`			`Total`
	`funds`		`funds`	`~`
	`2023-12`	`©`	`2023-12`
	`months`		`months`
	`ended31`		`ended31`
	`Dec2024`		`Dec2024`
	`£`		`£`
`_`	`270,151`		`270,151`

			`Unrestricted`	`Total`
			`funds`	`funds`
			`2024-9`	`2024-9`
			`months`	`months`
			`ended30`	`ended30`
			`Sept2024`	`Sept2024`
			`£`	`£`
`Listed`	`investments`		`12,901`	`12,901`
`Deposit`	`accountinterest`		`7,092`	`7,092`
			`19,993`	`19,993`
			`Unrestricted`	`Total`
			`funds`	`funds`
			`2023- 12`	`2023- 12`
			`months`	`months`	`,`	`_`
			`ended37`	`ended317`
			`Dec2024`	`Dec2024`
			`£`	`£`
`Listed`	`investments`	`.`	`17,108`	`17,108`
`Deposit`	`accountinterest`		`4,599`	`4,599`
`Interest`	`receivable`		`1`	`1`
			`21,708`	`21,708`

`Costsofraisingvoluntaryincome`
	`Unrestricted`	`Total`
	`funds`	`funds`
	`2024-9`	`2024-9`
	`months`	`months`
	`ended30`	`ended30`
	`Sept2024`	`Sept2024`
	`£`	`£`
`Purchases`	`43,871`	`43,871`
`Advertisingandmarketing`	`1,446`	`1,446`
`Repairsandmaintenance`	`731`	`731`
`Travel`	`8,644`	`8,644`
`Entertainment`	`997`	`997`
`Officecosts`	`14,595`	`14,595`
`Bankfees`	`1,500`	`1,500`
`Accountsandbookkeeping`	`6,512`	`6,512`
`Charitable/politicaldonations`	`200`	`200`
`Wagesandsalaries`	`23,092`	`23,092`
`Depreciation`	`4,428`	`4,428`
	`106,016`	`106,016`

	`Unrestricted`		`Total`
	`funds`		`funds`
	`2023-12`		`2023-12`
	`months`		`months`
	`ended31`		`ended37`
	`Dec2024`		`Dec2024`
	`£`		`£`
`Purchases`	`69,231`		`69,231`
`Advertisingandmarketing`	`74`		`74`
`Repairsandmaintenance`	`689`		`689`
`Travel`	`9,671`		`9,671`
`Entertainment`	`3,378`		`3,378`
`Officecosts`	`9,749`		`9,749.`
`Bankfees`	`118`		`118`
`Accountsandbookkeeping`	`9,825`		`9,825`
`Donations`	`1,500`	`©`	`1,500`
`Wagesandsalaries`	`47,089`		`47,089`
`Depreciation`	`3,461`		`3,461`
	`154,785`		`154,785`

`Unrestricted`	`Total`	`Totaf`
`funds`	`funds`	`funds`
`2024- 12`	`2024- 12.`	`2023- 12`
`months`	`months`	`_months`
`ended31`	`ended31`	`ended31`
`Dec2024`	`Dec2024`	`Dec2024`
`£`	`£`	`£`
`22,421`	`22,421`

`Summarybyfundtype`
	`Unrestricted`		`Restricted`	`;`
	`funds`		`funds`	`Total`
	`2024-9`		`2024-9`	`2024-9`
	`months`		`months`	`months`
	`ended` `30`		`ended` `30`	`ended` `30`
	`Sept2024`		`Sept2024`	`Sept2024`
	`£`		`£`	`£`
`Museum`	`68,940`		`32,471`	`101,411`
	`Unrestricted`		`Restricted`
	`funds`		`funds`	`Total`
	`2023-12`	`.`	`2023-12`	`2023- 12`
	`months`		`months`	`months`
	`ended31`		`ended31`	`ended317`
	`Dec2024`		`Dec2024`	`Dec2024`
	`£`		`£`	`£`
`Museum`	`161,543`		`26,203`	`187,746`
`Analysisofexpenditurebyactivities`
	`Activities`
	`undertaken`		`Support`	`Total`
	`directly`		`costs`	`funds`
	`2024-9`		`2024-9`	`2024-9`
	`months`		`months`	`months`
	`ended` `30`		`ended` `30`	`ended` `30`
	`Sept2024`		`Sept2024`	`Sept2024`
	`£`		`£`	`£`
`Museum`	`89,785`		`11,626`	`101,411`

		`Activities`	`Activities`
	`undertaken`			`Support`		`Total`
		`directly`		`costs`		`funds`
	`2023`		`-12`	`2023` `-12`		`2023` `-12`
	`'`	`months`		`months`		`months`
		`ended31`		`ended317`		`ended37`
	`Dec`		`2024`	`Dec2024`		`Dec2024`
			`£`	`£`		`£`
`Museum`		`175,061`		`12,685`		`187,746`
`Analysisofdirectcosts`
						`Total`
				`Museum`		`funds`
				`2024-9`		`2024-9`
				`months`		`months`
				`ended` `30`		`ended` `30`
				`Sept2024`		`Sept2024`
				`£`		`£`
`Wagesandsalaries`				`73,731`		`73,731`
`Subcontractors`				`12,553`		`12,553`
`Insurances`				`2,740`		`2,740`
`Officecosts`				`761`		`761`
				`89,785`	`.`	`89,785`

`Analysisofdirectcosts(continued)`
		`Total`
	`Museum`	`funds`
	`2023-12`	`2023- 12`
	`months`	`months`
	`ended31`	`ended31`
	`Dec 2023`	`Dec2023`
	`/` `£`	`£`
`Wagesandsalaries`	`169,520`	`169,520`
`Insurances`	`4,364`	`4,364`
`Officecosts`	`1,177`	`1,177`
	`175,061`	`175,061`
`Analysisofsupportcosts`
		`Total`
	`Museum`	`funds`
	`2024-9`	`2024-9`
	`months`	`months`
	`ended` `30`	`ended` `30`
	`Sept2024`	`Sept2024`
	`£`	`£`
`Accountancy`	`5,450`	`5,450`
`Professionalfees`	`35`	`35`
`Bookkeeping`	`5,400`	`5,400`
`Bankcharges`	`741`	`741`
	`11,626`	`11,626`

`Analysisof`	`supportcosts(continued)`
			`Total`
		`Museum`	`funds`
		`2023-12`	`2023- 12`
		`months`	`months`
		`ended31`	`ended31`
		`Dec2023`	`Dec2023`
		`£`	`£`
`Accountancy`		`-3,750`	`3,750`
`Professional`	`fees`	`1,135`	`1,135`
`Bookkeeping`		`7,800`	`7,800`
		`12,685`	`12,685`

	`Group`	`Group`	`Group`	`Charity`	`Charity`	`Charity`
	`2024`	`-9`	`2023-12`	`2024`	`-9`	`2023- 12`
	`months`		`months`	`months`		`months`
	`ended`	`30`	`ended31.`	`ended`	`30`	`ended31`
	`Sept`	`2024`	`Dec 2023`	`=Sept`	`2024`	`Dec2023`
		`£`	`£`		`£`	`£`
`Wagesandsalaries`	`86,876`		`190,226`	`63,784`		`143,137`
`Socialsecuritycosts`		`5,587`	`16,266`		`5,587`	`16,266`
`Contributiontodefinedcontributionpension`
`schemes`		`4,360`	`10,117`		`4,360`	`10,117`
	`96,823`		`216,609`	`73,731`		`169,520`

	`Group`	`Group`	`Charity`	`Charity`
	`2024-9`	`2023- 12`	`2024-9`	`2023- 12`
	`months`	`months`	`months`	`months`
	`ended` `30`	`ended31`	`ended` `30`	`ended31`
	`Sept2024`	`Dec2023`	`Sept2024`	`Dec2023`
	`No.`	`No.`	`No.`	`No.`
`Employees`	`3`	`5`	`-`	`5`

`Group`	`Group`
`2024-9`	`2023- 12`
`months`	`months`
`ended` `30`	`ended37`
`Sept2024`	`Dec2023`
`No.`	`No.`

`Group`
		`Short-term`
		`leasehold`	`Plantand`	`Office`
		`property`	`machinery`	`equipment`	`Total`
		`£`	`£`	`£`	`£`
`Costorvaluation`
`At1 January2024`		`10,512`	`111,344`	`2,000`	`123,856`
`Additions`		`1,105`	`2,388`	`-`	`3,493`
`Disposals`		`-`	`(11,083)`	`-`	`(11,083)`
`At30September`	`2024`	`11,617`	`102,649`	`2,000`	`116,266`
`Depreciation`
`At1 January2024`	`:`	`4,325`	`101,987`	`250`	`106,562`
`Chargefortheperiod`		`2,350`	`2,073`	`-`	`4,423`
`On disposals`		`-`	`(10,162)`	`-`	`(10,162)`
`At30September`	`2024`	`6,675`	`93,898`	`250`	`100,823`
`Netbookvalue`
`At30September`	`2024`	`4,942`	`8,754`	`1,750`	`15,443`
`At 31December2023`		`6,187`	`9,357`	`1,750`	`17,294`

	`Charity`
				`Fixturesand`		`Office`
				`fittings`	`equipment`		`Total`
	`.`			`£`		`£`	`£`
`Costorvaluation`
`At1`	`January2024`			`65,838`		`2,000`	`67,838`
`At30September2024`				`65,838`	`\|`	`2,000`	`67,838`
`Depreciation`
`At1`	`January2024`			`65,838`		`250`	`66,088`
`At30September2024`				`65,838`		`250`	`66,088`
`Net`	`bookvalue`
`At30September2024`				`_—`		`1,750`	`4,750`
`At31December2023`			`\|`	`-`		`1,750`	`1,750`
`14.`	`Fixedassetinvestments`
							`Listed`
							`investments`
	`Group`						`‘£`
	`Costorvaluation`
	`At1 January2024`						`661,077`
	`Revaluations`						`33,085`
	`At30September2024`						`——__——` `—694,162`
	`Netbookvalue`
	`At30September2024`	`.`					`694,162`
	`At31December2023`						`661,077`

`14.`	`Fixedassetinvestments(continued)`	`°`
			`Listed`
			`investments`
	`Charity`		`£`
	`Costorvaluation`
	`At1 January2024`		`661,077`
	`Revaluations`		`33,085`
	`At30September2024`
			`—_694,162`
	`Netbookvalue`
	`At30September2024`		`694,162`
	`At 31December2023`		`661,077`

`Group`	`Group`	`Group`
`2024-9`	`2023`	`-12`
`months`	`months`
`ended` `30`	`ended`	`31`
`Sept2024`	`Dec`	`2024`
`£`		`£`
`1,996`		`3,212`

	`Group`	`Group`	`Charity`	`Charity`
	`2024-9`	`2023-12:`	`2024-9`	`2023- 12`
	`months`	`months`	`months`	`months`
	`ended` `30`	`ended` `31`	`ended` `30`	`ended` `31`
	`Sept2024`	`Dec 2023`	`—Sept2024`	`Dec2023`
	`£`	`£`	`£`	`£`
`Duewithinoneyear`
`Tradedebtors`	`-`	`62,434`	`-`	`62,434`
`Amountsowedbygroupundertakings`	`-`	`-`	`122,152`	`110,492`
`Otherdebtors` `-`	`5,928`	`30,554`	`5,432`	`26,080`
`Prepaymentsandaccruedincome`	`80,807`	`87,568`	`1,714`	`460`
	`86,735`	`180,556`	`129,298`	`199,466`

		`Group`	`Group`	`Charity`	`Charity`	`Charity`
		`2024-9`	`2023-12`	`2024-9`	`2023`	`-12`
		`months`	`months`	`months`	`months`
		`ended` `30` `Sept2024`	`ended` `31` `Dec2023`	`ended` `30` `Sept2024`	`ended` `Dec`	`31` `2023`
		`£`	`£`	`£`		`£`
	`Tradecreditors`	`6,679`	`8,117`	`1,800`		`1,800`
	`Othertaxationandsocialsecurity`	`70,152`	`39,101`	`3,125`		`7,364`
	`Pensionpayable`	`669`	`1,447`	`669`		`1,447`
`.`	`Othercreditors`	`25,255`	`3,363`	`25,255`		`3,362`
	`Accrualsanddeferredincome`	`7,125`	`6,450`	`5,000`		`3,750`
						`17,7`
		`__...109,880.`	`58,478`	`35,84923`

	`‘Statementoffunds`	`‘Statementoffunds`
	`Statementoffunds- current`		`period`
									`Balanceat`
			`Balanceat`	`1`					`30`
			`January`			`;`		`Gains/`	`September`
			`2024`		`Income`	`Expenditure`		`(Losses)`	`2024`
				`£`	`£`	`£`		`£`	`£`
	`Unrestrictedfunds`
	`GeneralFunds-`	`allfunds`	`1,180,218`		`337,926`	`(197,377)`	`\|`	`33,085`	`1,353,852`
	`Restrictedfunds`
`_`	`GrantinAid`		`-`		`32,471`	`(32,471)`
	`Totaloffunds`
			`_1,180,218`		`____370,397`	`___(229,848)`		`___33,085`	`__1,353,852`

					`Balanceat`
	`Balanceat`				`37.`
	`1January`			`Gains/`	`December`
	`2023`	`Income`	`Expenditure`	`(Losses)`	`2023`
	`£`	`£`	`£`	`£`	`£`
`Unrestrictedfunds`
`GeneralFunds- allfunds`	`957,612`	`514,158`	`(316,328)`	`24,776`	`1,180,218`
`Restrictedfunds`
`GrantinAid`	`-`	`26,203`	`(26,203)`	`x`	`-`
`Totaloffunds`	`957,612`	`540,361`	`(342,531)`	`24.776`	`1,180,218`

	`Unrestricted`	`Unrestricted`	`Total`
		`funds`	`funds`
		`2024-9`	`2024-9`
		`months`	`months`
	`ended` `30`		`ended` `30`
	`Sept2024`		`Sept2024`
	`,`	`£`	`,` `£`
`Tangiblefixedassets`		`15,443`	`_15,443`
`Fixedassetinvestments`		`694,162`	`694,162`
`Currentassets`		`754,127`	`754,127`
`Creditorsduewithinoneyear`		`(109,880)`	`(109,880)`
`Total`
		`1,353,852`	`1,353,852`

		`Analysisofnetassetsbetweenfunds- priorperiod`
			`Unrestricted`	`Total`
			`funds`	`funds`
			`2023- 12`	`2023- 12`
			`months`	`months`
			`ended` `31`	`ended` `31`
			`Dec2023`	`Dec 2023`
			`£`	`£`
		`Tangiblefixedassets`	`17,294`	`17,294`
		`Fixedassetinvestments`	`661,077`	`661,077`
		`Currentassets`	`560,325`	`560,325`
		`Creditorsduewithinoneyear`	`(58,478)`	`(58,478)`
		`Total`
			`1,180,218`	`1,180,218`
`20.`		`Reconciliationofnetmovementinfundstonetcashflowfrom`	`operatingactivities`
			`Group`	`Group`
			`2024-9`	`2023- 12`
			`months`	`months`
			`ended30`	`ended31`
			`Sept2024`	`Dec2023`
			`£`	`£`
		`Netincomefortheperiod(asperStatementofFinancialActivities)`	`140,549`	`197,829`
	`.`	`Adjustmentsfor:`
		`Depreciationcharges`	`4,423`	`3,461`
		`Dividends,interestsandrentsfrominvestments`	`(12,901)`	`(17,108)`
		`Losson thesaleoffixedassets`	`923`	`-`
		`Decreaseinstocks`	`-` `1,215`	`15,200`
		`Decrease/(increase)indebtors`	`93,820`	`(173,708)`
		`Increaseincreditors`	`51,402`	`21,291`
				`Page34`

				`Group`	`Group`
				`2024-9`	`2023- 12`
				`months`	`months`
				`ended30`	`ended31`
				`Sept2024`	`Dec2023.`
				`£`	`£`
	`Cashinhand`			`665,396`	`376,557`
	`Totalcashand`	`cashequivalents`		`665,396`	`376,557`
`22.`	`Analysisofchangesinnetdebt`
			`At1`		`At30`
			`January`		`September`
			`2024`	`Cashflows`	`2024`
			`£`	`£`	`£` `,`
	`Cashatbankandinhand`		`376,557`	`288,839`	`665,396`
	`Debtduewithin`	`1year`	`(1,447)`	`778`	`(669)`
			`375,110`	`289,617`	`___664,727`