REGISTERED CHARITY NUMBER: 294260
SHROPSHIRE REGIMENTAL MUSEUM TRUST
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SHROPSHIRE REGIMENTAL MUSEUM TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Page | |||
|---|---|---|---|
| Reference and Administrative Details | 1 | ||
| Trustees' Report | 2 | to | 3 |
| Independent Examiner's Report | 4 | ||
| **Statement of Financial Activities ** | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 15 |
SHROPSHIRE REGIMENTAL MUSEUM TRUST
REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES R P Sartain F Acton S Brettell (appointed 21.11.23) G P Chambers M Coulon T J Downes (resigned 21.11.23) M Evans M J G Hamilton-Russell C Miller (appointed 21.11.23) H Salwey (resigned 7.6.23) S Taylor (appointed 12.2.24) J Villar (appointed 7.6.23) C Whitaker PRINCIPAL ADDRESS Shropshire Regimental Museum Shrewsbury Castle Castle Gates Shrewsbury SY1 2AT REGISTERED CHARITY 294260 NUMBER INDEPENDENT EXAMINER TCA (Shrewsbury) LLP Third Floor 21 St Mary's Street Shrewsbury Shropshire SY1 1ED
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity sought to incorporate the traditions and history of all the Shropshire Regiments (The King's Shropshire Light Infantry (KSLI), The Shropshire Yeomanry, The Shropshire Royal Horse Artillery, and the Shropshire Volunteer and Militia units) into a single museum (the Soldiers of Shropshire Museum).
The Museum Trust collected, documented, conserved, exhibited and interpreted items relevant to the history of the Shropshire Regiments represented by the Constituent Regimental Museum Trusts as well as the current and future Shropshire based Regiments and successor Regiments (Queen’s Own Mercian Yeomanry/Royal Yeomanry, Light Infantry/The Rifles) to include a regularly updated display of items illustrating the order of battle, tactics, weapons/equipment and deployments - at home and abroad.
Public benefit
The charity is a public benefit entity. It exists for the purpose of keeping and protecting the Historic Collections of the Shropshire Regiments open and available to the public, who can learn about the stories and sacrifices of the Soldiers from the County and how these impact our contemporary lives.
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives, and in planning future activities.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Details of the activities have been set out in the attached Chairman's report.
FINANCIAL REVIEW
Financial position
The charity has made a deficit for the year of £61,536 (2023: deficit of £41,915), following a slight decline in income received during the year from £71,741 in 2023 to £64,265 this year, the impact of which has been offset by an overall reduction in expenses from £109,054 in 2023 to £92,780 this year, primarily across wages, repair and project costs on last year.
The charity has reported a decrease in the market value of investments this year of £33,021 (2023: decrease of £4,602) which is included within the reported deficit of the year of £61,536, without which, the accounts for the year would have shown a deficit of £28,515. (2023: £37,313).
Reserves policy
The board of trustees maintain a financial position of 24 -36 months of expenditure held in reserve, a proportion of which is held in immediately available cash funds.
The free reserves at the year end were £478,283 (2023: £532,640) made up of unrestricted funds, less fixed assets held. Included in this balance is £464,271 (2023: £517,292) of investments which are treated like an endowment, to provide financial support for the future of the charity.
FUTURE PLANS
Details of future plans have been set out in the attached Chairman's report.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity, an unincorporated trust, is governed by a Declaration of Trust dated 20th December 1985
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THE NDED 31 H 2024 TRUSTEES, RESPONSIBlU STATEMENT The trustees are respons1te for weparirvJ the Twste8s' Rewrt Ihe fmtNial statnts in ardarte with ap1¢able law and United kn"rKJthJn AcLounb"TrJ Standards IUThled KiNJdom Generally Accepted Accounting Prath"cel induding Financial Rewb"rvJ Stthard 102 Financial Rewts'ng Siandard applicsle in the UK and Rewblic of Irdarf. The law applicable to charibes in ErvJland Wales, ChtIeS Act 2011. ch (AcenIS and Rep)rtsl Rogulalions 2(J)8 and the promsions of th8 tNst dd requires the twslees to prEpare finanaal statements for each finarrial year which give a twe and fair Vbew of the ste of affairs of the charity and of the incoming resources arxy applicalion of rescwces. induding the ire and expendrture, of the chatity for that peri. In preparing those finanaal statements. the trustees we requirJ to select suitable acwjnb.ng pdicies aThJ appty t17 C($151ny'. observe the metFKds and priropEes in Ihe Chanty SORP,. make judgements aThJ estimates that reasonatle prj prepare the finanryal statements wng 0)rn lesS rt is inapwoKYiale lo presume that the charity will conts'nue in business. The tnjstees are re5ponsiUe for kwTYJ Pn)Fer 1r¥j rec(Krls wlith thsdose with rea50natle accuracy at any lime the financsal wsthn of the thanty lo en*e them to ensure that the finanal statements comply with the Charities Act 2011. the Charity IAixounis and Rerxjtsl Regulations 2(K)8 and the prowsions of the trust deed. They are also fesrx)nsible for safeguardirvj th8 assets of the charity and hen for takir reasOnae steps for the preVentil of traul olher irregLAaribes. ed by order of the bo of trustees on 24 July 21f24 and on its behalf by: App R P Sartai
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SHROPSHIRE REGIMENTAL MUSEUM TRUST Independent examinerfs report to the trustees of Shropshire Regimntsl Museum Trust I report to the charty trust$ on my ex8minali)n of the lnts of Shropshire R8Jimentsl Museum Trust Ilhe Trust) for the year ended 31 March 2024. Reswnsibilities and basis of Yeport As the ehanty trust5 of the Trust YOU 8re responsible for the prep*BM of the $unts in &cordance with the requirements of the Chanb"e5 Act 2011 cthe Act'}. I report In respect of my eXaMinatn of the Trust's nIS carTied out under Section 145 of the Act and in carying out my examination I have folkmd all applble Direth"ons gNen by the Charity Commission under Section 14515llbl clthe Act. Independent examinerfs $Litennt I have completed my examinab"on. I confirm that no material matters have come lo my aitentK)n in conneclK)n wrth the eXaMinatn giwr4J me cause to believe that in any material respect.. counting records were not kept in resped of the Trust 8$ required by st)n 130 oflhe Act.. or the accounts do not xcord wth Ihc6e rÈrords", or the accounts do not compty wrth the aPplble requirements conMing the form and content of counts set out in the Charibes IAccounts and Reports) Regulations 2008 other than any requirement that the UTrts give a true and fair view whh is not a matter consKFered as part of an independent examina¢hJn. I have no concems and have cLYne acTOSS no orther matters in connection with the examinat%)n to which attention shoukj be drawn in this feport in order to enable a proFer undetandIng of the cOUnt$ lo be reached. CPJ C mcd-WIllrns Bsc FCA TCA Ishrewsbury) LLP Third Fk)or 21 Sl Mary'5 Street Shrewsbury Shropshire SY1 1ED Date. ....S.Ih. Ouob.e.). 2C)ILk Page 4
SHROPSHIRE REGIMENTAL MUSEUM TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 46,419 Charitable activities General 13,826 Other trading activities 3 - Investment income 4 400 Total 60,645 EXPENDITURE ON Raising funds 3 Charitable activities General 81,978 Total 81,981 Net gains/(losses) on investments (33,021) NET INCOME/(EXPENDITURE) (54,357) RECONCILIATION OF FUNDS Total funds brought forward 532,640 TOTAL FUNDS CARRIED FORWARD 478,283 |
Restricted funds £ 3,620 - - - 3,620 95 10,704 10,799 - (7,179) 23,368 16,189 |
2024 Total funds £ 50,039 13,826 - 400 64,265 98 92,682 92,780 (33,021) (61,536) 556,008 494,472 |
2023 Total funds £ 52,389 16,504 2,730 118 71,741 69 108,985 109,054 (4,602) (41,915) 597,923 556,008 |
|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
STATEMENT OF FINANCIAL POSITION 31 MARCH 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Investments | 8 | 464,271 | 464,271 | 517,292 | |
| CURRENT ASSETS | |||||
| Stocks Debtors Cash at bank |
9 10 |
13,275 5,834 |
16,189 | 13,275 22,023 |
11,549 4,09 24,511 |
| 19,109 | 16,189 | 35,298 | 40,156 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 11 | (5,097) | (5,097) | (1,440) | |
| NET CURRENT ASSETS | 14,012 | 16,189 | 30,201 | 38,716 | |
| TOTAL ASSETS LESS CURRENT | |||||
| LIABILITIES | 478,283 | 16,189 | 494,472 | 556,008 | |
| NET ASSETS | 478,283 | 16,189 | 494,472 | 556,008 | |
| FUNDS | 12 | ||||
| Unrestricted funds | 478,283 | 532,640 | |||
| Restricted funds | 16,189 | 23,368 | |||
| TOTAL FUNDS | 494,472 | 556,008 |
The financial statements were approved by the Board of Trustees and authorised for issue on 24 July 2024 and were signed on its behalf by:
e.----
The notes form part of these financial statements
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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 financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Financial reporting standard 102 - reduced disclosure exemptions
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
-
the requirements of Section 7 Statement of Cash Flows;
-
the requirement of paragraph 3.17(d);
-
the requirements of paragraphs 11.42, 11.44, 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
-
the requirements of paragraphs 12.26, 12.27, 12.29(a), 12.29(b) and 12.29A;
-
the requirement of paragraph 33.7.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Government grant income is recognised when the Trust is able to demonstrate that it is entitled to receipt.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to 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 classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Investments
Assets held for investment purposes are valued at market value at the balance sheet date. Net gains and losses arising on revaluation and disposals during the year are included in the statement of financial activities.
Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Heritage assets
The collections of the Soldiers of Shropshire Museum predominantly consist of donations which are considered heritage assets under the terms of the Statement of Recommended Practice as issued by the Charity Commission. The heritage assets of the Soldiers of Shropshire Museum have been excluded from the balance sheet due to a lack of valuation, as no financial value has historically, or is currently, placed on items donated to the Museum. Furthermore in accordance with the Code of Ethics for Museums, to which the Museum must adhere to as an Accredited Museum, the disposal of any collections cannot be made principally for financial reasons.
2. DONATIONS AND LEGACIES
| Donations Gift aid Legacies Grants (incl'g payroll cont'n) Memberships Grants received, included in the above, are as follows: Other Grants Local Authority Grants |
2024 £ 6,398 - 5,000 31,246 7,395 50,039 2024 £ 3,280 27,966 31,246 |
2023 £ 2,942 4,096 588 35,324 9,439 |
|---|---|---|
| 52,389 | ||
| 2023 £ 2,240 33,084 |
||
| 35,324 |
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
3. OTHER TRADING ACTIVITIES
| 3. OTHER TRADING ACTIVITIES |
||
|---|---|---|
| Fundraising events 4. INVESTMENT INCOME Interest received |
2024 £ - 2024 £ 400 |
2023 £ 2,730 |
| 2023 £ 118 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
Trustee expenses of £115 were reimbursed for the year ended 31 March 2024. (2023: £nil)
6. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Museum Director Other Employees |
2024 £ 60,082 - 863 60,945 2024 1 10 11 |
2023 £ 67,297 3,764 863 |
|---|---|---|
| 71,924 | ||
| 2023 1 11 12 |
No employees received emoluments in excess of £60,000.
The average number of full time equivalent employees during the year was 3. (2023: 3)
During the year £27,966 (2023: £33,084) was reimbursed from Shropshire Council in relation to staff costs.
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| 7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,082 Charitable activities General 12,470 Other trading activities 2,730 Investment income 118 Total 65,400 EXPENDITURE ON Raising funds 69 Charitable activities General 93,423 Total 93,492 Net gains/(losses) on investments (4,602) NET INCOME/(EXPENDITURE) (32,694) Transfers between funds (12,532) Net movement in funds (45,226) RECONCILIATION OF FUNDS Total funds brought forward 577,866 TOTAL FUNDS CARRIED FORWARD 532,640 8. FIXED ASSET INVESTMENTS MARKET VALUE At 1 April 2023 Disposals Revaluations At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 There were no investment assets outside the UK. |
Restricted Total funds funds £ £ 2,307 52,389 4,034 16,504 - 2,730 - 118 6,341 71,741 - 69 15,562 108,985 15,562 109,054 - (4,602) (9,221) (41,915) 12,532 - 3,311 (41,915) 20,057 597,923 23,368 556,008 Listed investments £ 517,292 (20,000) (33,021) 464,271 464,271 517,292 |
|---|---|
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
8. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 31 March 2024 is represented by:
| Valuation in 2024 Cost 9. STOCKS Stocks 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Prepayments and accrued income 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Taxation and social security Other creditors 12. MOVEMENT IN FUNDS At 1.4.23 £ Unrestricted funds General fund 532,640 Restricted funds Friends Fund 14,703 National Lottery Social Enterprise Academy 8,665 23,368 TOTAL FUNDS 556,008 |
Listed investments £ 56,390 407,881 464,271 2024 2023 £ £ 13,275 11,549 2024 2023 £ £ - 4,096 2024 2023 £ £ 279 - 1,776 - 3,042 1,440 5,097 1,440 Net movement At in funds 31.3.24 £ £ (54,357) 478,283 (3,179) 11,524 (4,000) 4,665 (7,179) 16,189 (61,536) 494,472 |
|---|---|
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Friends Fund National Lottery Social Enterprise Academy Ironbridge Gorge Museum Trust TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Friends Fund Army Museums Ogilby Trust National Lottery Social Enterprise Academy TOTAL FUNDS |
Incoming resources £ 60,645 340 - 3,280 3,620 64,265 At 1.4.22 £ 577,866 20,057 - - 20,057 597,923 |
Resources expended £ (81,981) (3,519) (4,000) (3,280) (10,799) (92,780) Net movement in funds £ (32,694) (5,354) (3,282) (585) (9,221) (41,915) |
Gains and Movement losses in funds £ £ (33,021) (54,357) - (3,179) - (4,000) - - - (7,179) (33,021) (61,536) Transfers between At funds 31.3.23 £ £ (12,532) 532,640 - 14,703 3,282 - 9,250 8,665 12,532 23,368 - 556,008 |
|---|---|---|---|
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Friends Fund Army Museums Ogilby Trust National Lottery Social Enterprise Academy Arts Council - West Midlands Museum Development Education Fund Arts Council - West Midlands Museum Development Collection Fund TOTAL FUNDS |
Incoming resources £ 65,400 1,680 - - 4,034 627 6,341 71,741 |
Resources expended £ (93,492) (7,034) (3,282) (585) (4,034) (627) (15,562) (109,054) |
Gains and Movement losses in funds £ £ (4,602) (32,694) - (5,354) - (3,282) - (585) - - - - - (9,221) (4,602) (41,915) |
|---|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Friends Fund Army Museums Ogilby Trust National Lottery Social Enterprise Academy TOTAL FUNDS |
At 1.4.22 £ 577,866 20,057 - - 20,057 597,923 |
Net movement in funds £ (87,051) (8,533) (3,282) (4,585) (16,400) (103,451) |
Transfers between funds £ (12,532) - 3,282 9,250 12,532 - |
At 31.3.24 £ 478,283 11,524 - 4,665 |
|---|---|---|---|---|
| 16,189 | ||||
| 494,472 |
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 126,045 | (175,473) | (37,623) | (87,051) |
| Restricted funds | ||||
| Friends Fund | 2,020 | (10,553) | - | (8,533) |
| Army Museums Ogilby Trust | - | (3,282) | - | (3,282) |
| National Lottery Social Enterprise | ||||
| Academy | - | (4,585) | - | (4,585) |
| Arts Council - West Midlands Museum | ||||
| Development Education Fund | 4,034 | (4,034) | - | - |
| Arts Council - West Midlands Museum | ||||
| Development Collection Fund | 627 | (627) | - | - |
| Ironbridge Gorge Museum Trust | 3,280 | (3,280) | - | - |
| 9,961 | (26,361) | - | (16,400) | |
| TOTAL FUNDS | 136,006 | (201,834) | (37,623) | (103,451) |
Restricted funds
Friends Fund - funds held by the charity used in relation to the Museum exhibits, including the purchase of additions to the Museum's collections and publishing of research material.
Army Museums Ogibly Trust Fund - This relates to funds received to create a film about the Bosnian Conflict.
The National Lottery Social Enterprise Academy - 'Steps to Sustainability' - This is a two part grant received to fund the sustainable development of the Museum.
Arts Council - West Midlands Museum Development Education Fund - A grant to cover education session training for freelancers to build second sessions for o ur learning programme.
Arts Council - West Midlands Museum Development Collection Fund - This relates to funding received to support with a re-display of a cabinet in the Museum.
Ironbridge Gorge Museum Trust - This relates to funds received, on behalf of Arts Council England, towards the museum's Audience project, to run hands-on demonstrations of Army equipment. This was all spent during the year .
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SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
13. EMPLOYEE BENEFIT OBLIGATIONS
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. The pension cost charge represents contributions payable by the charity to the fund and amounted to £863 (2023: £863) Contributions totalling £287 (2023: £nil) were payable to the fund at the balance sheet date.
14. RELATED PARTY DISCLOSURES
During the year, the Trust received donations of £nil from the Trustees, in respect of donated expenses and participation in the sponsored walk. (2023: £256).
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