**REGISTERED CHARITY NUMBER: 294260**
## SHROPSHIRE REGIMENTAL MUSEUM TRUST
TRUSTEES' REPORT AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
||**Page**|
|---|---|
|**Reference and Administrative Details**|1|
|**Directors Report**|2|
|**Chairman’s Report**|3|
|**Trustees' Report**|4 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Statement of Financial Position**|8|
|**Notes to the Financial Statements**|9 to 16|
SHROPSHIRE REGIMENTAL MUSEUM TRUST
|SHROPSHIRE REGIMENTAL MUSEUM TRUST|SHROPSHIRE REGIMENTAL MUSEUM TRUST|
|---|---|
|REFERENCE AND ADMINISTRATIVE DETAILS||
|FOR THE YEAR ENDED 31 MARCH 2025||
|**TRUSTEES**|R P Sartain|
||F Acton|
||S Brettell|
||G P Chambers|
||M Coulon|
||M Evans|
||M J G Hamilton-Russell (resigned 23.2.25)|
||Mrs S Kerr (appointed 24.7.24)|
||C Miller|
||Mr W J N Prideaux (appointed 9.9.24)|
||S Taylor|
||J Villar|
||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|
Page 1
**SHROPSHIRE REGIMENTAL MUSEUM TRUST**
## **DIRECTORS REPORT FOR THE YEAR ENDED 31 MARCH 2025**
The museum enjoyed a sustained increase in visitors, combined with an increase in digital and social media engagement: in no small part attributable to improved Social Media content and a greater volume of digital signposting and increased frequency of posts.
2024/25 was the year we focussed on growing our audience, and it paid off: greater numbers of physical visitors (C26500) and nearly triple the number of followers on SM channels, with double the traffic across the website.
Next season we plan to steer our audience towards giving and fundraising. Plans are in place to market the newly installed Weapons Simulator, along with four new exhibitions/displays due to reach completion through 2025: more visitors = greater secondary spend.
We also plan to capitalise on connecting our digital/virtual audience to our physical programming through talks and events, and via press content covering our new exhibitions.
We aim to be at capacity for our volunteering offer halfway through the 2025 season, and we are already fulfilling the majority of Behind-The-Scenes work with our volunteer teams. The anticipated culmination of our largest digitisation project to date in late 2025 is on track, with two legacy projects ready to springboard from project end.
As we near year end for 2024/25, we learn that Shropshire Council will remove our annual £30,000 grant funding that we use to pay our warders, 2 per day, ending an agreement as old as the lease (40 years) at the start of the 2025/26 season/reporting year.
We cannot afford from our reserves to fully pay for these costs, neither can we afford not to have warders – so we are preparing to pay one warder/day with an agreement to half the staffed hours with their collective consent. That way, we retain the expertise and knowledge of the staff, but will re-prioritise their duties to look after the shop, and provide security for the cash donation box, the lower ground entrance/exit, and the Baton of G.A Donitz, one of the most valuable pieces in the collection. We will explore, with the Council, how we can jointly cover the previous duties.
Ultimately, we are looking to consolidate our plans for lease renewal, together with our enhanced audience-focused offers and secondary spend plans. 2025/26 looms and with it, opportunities, risks and exciting times!
Richard Gough
Museum Director
Page 2
**SHROPSHIRE REGIMENTAL MUSEUM TRUST**
## **CHAIRMAN’S REPORT**
The Soldiers of Shropshire Museum (SoSM) remains one of the finest museums in the Country reflecting the heritage and long history of Shropshire and it’s people.
Our focus at the museum remains with engaging Shropshire Council to ensure our museum benefits our local community, the people and businesses of Shrewsbury and our national and international visitors. That written the key to our future is ensuring an extension to our licence with Shropshire Council to remain in Shrewsbury Castle from 2027. As Shropshire Council are operating with a considerable multi-million pound deficit, the museum has suggested mutually beneficial plans to support both SoSM, the Castle and the Council in savings, improving ticket receipts, revised opening times and event income whilst supporting a re-display to generate more space in the main hall for exhibitions, talks and events. As ever, this is an evolving and complex matter, and we continue to encourage our Friends and supporters to join our emailing list and attend our Friends fundraising events.
Our visitor numbers continue to improve, and we are receiving welcome feedback and positive reviews. Museum events and visitors also help generate ideas, concepts for the future and to raise the profile and much needed funds for the Museum. Our Director, Richard Gough, has procured and installed the Electronic Weapons Simulator in the museum and work on the contents of the display cases for our out-reach exhibition at the RJAH Oswestry Veterans Centre Foyer is well underway.
It is of particular note that the Museum and Castle grounds, from 15[th] February, will reopen with our new timings Tuesday – Saturday 10:30am – 4pm (closed Sundays and Mondays) and this is complemented with our reinvigorated Newsletter (do email info@soldiersofshropshire.co.uk if you haven’t received your emailed copy) and our monthly talks which have included:
- Thu 13 February “Aunt Emmie’s Suitcase” – Sue Davis
- Thu 13 March “40 years of SoSM” - Richard Gough
- Thu 10 April “Love, War & loss in the Museum stores” - Rob MacKinnon
- Friday 21[st] February “Beneath the Bearskin” - Garrison Sergeant Major Vern Stokes DL
The latter talk was kindly arranged, via our Patron and Lord Lieutenant Anna Turner in Theatre Severn, which was sold out, and is great encouragement for our future Friends talks which, we hope, will include Allan Mallinson best known for writing a series of novels chronicling the life of Matthew Hervey who was educated in “The Schools”. We will publish future events in our quarterly Newsletter and our website at: https://www.soldiersofshropshire.co.uk/events/talks-programme/
We very much look forward to welcoming you, your friends and family, to the Museum and do please share this Newsletter with them and if you would like to be in touch with the museum email us at info@soldiersofshropshire.co.uk
Rex Sartain Chairman of Trustees Soldiers of Shropshire Museum
Page 3
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustees present their report with the financial statements of the charity for the year ended 31 March 2025. 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.
## **ACHIEVEMENTS 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 £9,866 (2024: deficit of £61,536), following a slight increase in income received during the year from £64,265 in 2024 to £68,533 this year, the impact of which has been offset by an overall reduction in expenses from £92,780 in 2024 to £90,761 this year.
The charity has reported a increase in the market value of investments this year of £12,362 (2024: decrease of £33,021) which is included within the reported deficit of the year of £9,866, without which, the accounts for the year would have shown a deficit of £22,228. (2024: £28.515).
## **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 £457,836 (2024: £478,283) made up of unrestricted funds, less fixed assets held. Included in this balance is £452,877 (2024: £464,271) 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
Page 4
SHROPSHIRE REGIMENTAL MUSEUM TRUST
TR
STEES, REP
RT
R THE YEAR ENDED 31 MARCH 202
STRUCTURE, GOVERNANCE AND MANAGEMENT
On 31 sl October 2024 a new charitable Incorporated organisalion ICIOI, Shrop5hire Regimental Museum
112107501, was registered with the Charity Commission. On the 31st March 2025 the Trustees agreed lo
transfer all of the assets and activities of the Shrop5hire Regimental Museum Trust lo the Shropshire
Regimental Museum, with effect from 1st April 2025 the activities have transferred and the Shropshire
Regimental Museum Trust will be wound down and closed.
TRUSTEES, RESPONSIBILITY STATEMENT
The trustees are responsible for preparing the Truslee8' Report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards {Unit Kingdom Generally Accepted
Ac¢ounling Practice) including Financial Roporting Standard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland"
The law applicable lo charities in England and Wales, the Charities AGI 2011. Charity (Accounts and Reports)
Regulations 2008 and the provisions ol the trust deèd requires the trustees lo prep8r8 financial slalement8 for
each financi81 year which give a true and fair view of the stale Of affairs of thè charty and of the incoming
resources and application of resources. including the income and expenditure, of the charity for that poriod. In
preparing those financial statement8, the Irusleès are required lo
select suitable accounting policies and then apply them consislenlly.,
observe the nthodS and principles in the Charity SORP.,
makejudgements and eslimales that are reasonable and prudent..
prepare the financial slalemenls on the going concern basi8 unless il 1$ Inappropriate lo presume that the
cttarily will conlinug in business.
The trustees are re8ponsibl8 for keeping propèr accounting records which di8close with reasongblg accuracy
81 any lime the financia1 position of the charity and lo enable them lo onsure that the financial slalem8nls
comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions
of the trust deed. They are also responsiblo for safeguarding the assets of the charity and hence for taking
roasonable $18p$ forthe prevention 8nd detection of frau
and other irregu1arilies.
Approved by order of the board oflru8tees on....
Sartai
- Tru$le8
Page 5
INDEPENDENTEXAMINER'S REPORTTOTHETRUSTEESOF
SHROPSHIRE REGIMENTALMU
EUM TRUST
Indepèndent axamine¢s report to the trustees of Shropshire Regimental Museum Trust
I report to the charity Iruslees on my examination of the accounts of Shropshire Regimental Museum Trust
Ilhe Trust) for the year ended 31 March 2025.
Responslbilities and basls of report
As the charity trustees of the Trust you are responsible for the preparalson of the accounts in accordance wrth
the requirements of the Charities Act 2011 1.the Acl'l.
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in
carrying out rny examination I have followed all applicable Directions given by the Charty Commission under
Section 14515llbl of the Act.
Indgpendent examlnorfs statement
I have completed my examination. I confirm that no material matters have come lo my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of th8 Trust as required by Section 130 of th8 Act.. or
the accounts do not accord with those records., or
thè accounts do not comply with the applicable requirements concerning tho form and conlonl of
accounts sel out in the Charities (Accounts 8nd Report51 Regulations 2008 other than any requirement
that the accounts give a Ifue and fair view which is not a matter considèred as part of an independent
ex8minalion.
I have no concems and have come across no other matters in connection wi(h the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
CMCELYM
C MceWn-Wlli8m5 Bsc FCA
TCA Ishrowsburyl LLP
Third Floor
21 Sl Mary's Slrtsl
Shrewsbury
Shropshire
SY11ED
Dale..
Page 6
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
|**INCOME AND ENDOWMENTS FROM**
Notes
Unrestricted
fund
£
Donations and legacies
2
41,253
**Charitable activities**
General
14,622
Investment income
3
6,608
**Total**
62,483
**EXPENDITURE ON**
Raising funds
-
**Charitable activities**
General
89,952
**Total**
89,952
Net gains/(losses) on investments
12,362
**NET INCOME/(EXPENDITURE)**
(15,107)
**RECONCILIATION OF FUNDS**
Total funds brought forward
478,283
**TOTAL FUNDS CARRIED FORWARD**
463,176|Restricted
funds
£
6,050
-
-
6,050
-
809
809
-
5,241
16,189
21,430|2025
Total
funds
£
47,303
14,622
6,608
68,533
-
90,761
90,761
12,362
(9,866)
494,472
484,606|2024
Total
funds
£
50,039
13,826
400
64,265
98
92,682
92,780
(33,021)
(61,536)
556,008
494,472|
|---|---|---|---|
## **CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
Page 7
SHROPSHIRE REGIMENTAL MUSEUM TRUST
STATEMENT OF FINANCIAL POSITIO
31 MARCH 2025
2025
Tot81
fijnds
2024
Total
funds
Unrestricted
fund
Re5trLtwJ
funds
Notes
FIXED ASSETS
Tangib assets
Investments
5,340
452,877
5,340
452,877
464,271
458.217
458,217
464,271
CURRENT ASSETS
Stocks
Cash at bank and in hand
12.220
12,3111
12,220
19,119
13,275
22.023
21.430
9,909
21,430
31,339
3S.298
CREDITORS
Amounts falling dua within one year
10
14,9501
14,9501
15,097}
NET CURRENT ASSETS
4,959
21,430
26.389
30,201
TOTAL ASSETS LESS CURRENT
LIA81LITIES
463,176
21,430
484,606
494,472
NET ASSETS
463,176
21,430
484,6C6
494,472
FUNDS
unrestrad funds
Restrted funds
11
463,176
21,430
478,283
16,189
TOTAL FUNDS
484.6C
494,472
e financial slalemenls were approved by the Board of Trustee8 and aulhorised for h88ue on
and were signed on ils behalf by..
M Evan8- Trustee
The notes form part of these financial statements
Page 8
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & Fittings - straight line basis over 4 years.
## **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.
Page 9
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
## **1. ACCOUNTING POLICIES - continued**
## **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.
## **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
Legacies
Grants (incl'g payroll cont'n)
Memberships
Grants received, included in the above, are as follows:
Other Grants
Local Authority Grants|2025
£
8,050
1,000
29,612
8,641
47,303
2025
£
-
29,612
29,612|2024
£
6,398
5,000
31,246
7,395
50,039
2024
£
3,280
27,966
31,246|
|---|---|---|
Page 10
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
## **3. INVESTMENT INCOME**
|Dividends received
Interest received|2025
£
6,223
385
6,608|2024
£
-
400
400|
|---|---|---|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.
## **Trustees' expenses**
Trustee expenses of £nil were reimbursed for the year ended 31 March 2025. (2024: £115)
## **5. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2025
£
66,429
3,427
863
70,719|2024
£
60,082
-
863
60,945|
|---|---|---|
The average monthly number of employees during the year was as follows:
|The average monthly number of employees during the year was as follows:|||
|---|---|---|
|Museum Director
Other Employees|2025
1
8
9|2024
1
10|
|||11|
No employees received emoluments in excess of £60,000.
The average number of full time equivalent employees during the year was 3. (2024: 3)
During the year £29,612 (2024: £27,966) was reimbursed from Shropshire Council in relation to staff costs.
The key management personnel of the charity to whom the Trustees delegate the day-to-day running of the organisation is the Museum Director. The total employee benefits of the key management personnel of the charity for the year ended 31 March 2025 were £32,947 (2024: £34,425).
Page 11
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
|**6.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
46,419
**Charitable activities**
General
13,826
Investment income
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
**7.**
**TANGIBLE FIXED ASSETS**
**COST**
Additions
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 31 March 2025
At 31 March 2024|Restricted
funds
£
3,620
-
-
3,620
95
10,704
10,799
-
(7,179)
23,368
16,189|Total
funds
£
50,039
13,826
400
64,265
98
92,682
92,780
(33,021)
(61,536)
556,008
494,472
Fixtures
and
fittings
£
5,454
114
5,340
-|
|---|---|---|
Page 12
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued
## FOR THE YEAR ENDED 31 MARCH 2025
## **8. FIXED ASSET INVESTMENTS**
|Listed
investments
**MARKET VALUE**
£
At 1 April 2024
464,271
Additions
6,230
Disposals
(29,992)
Revaluations
12,362
At 31 March 2025
452,871
**NET BOOK VALUE**
At 31 March 2025
452,871
At 31 March 2024
464,271
There were no investment assets outside the UK.
Cost or valuation at 31 March 2025 is represented by:
Listed
Valuation in 2025
investments
£
60,435
Cost
392,436
452,871
**9.**
**STOCKS**
Stocks
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Taxation and social security
Other creditors|Cash and
settlements
pending
£
-
30,014
(30,008)
-
6
6
-
Cash and
settlements
pending
£
(1)
7
6
2025
£
12,220
2025
£
246
2,474
2,230
4,950|Cash and
settlements
pending
£
-
30,014
(30,008)
-
6
6
-
Cash and
settlements
pending
£
(1)
7
6
2025
£
12,220
2025
£
246
2,474
2,230
4,950|Totals
£
464,271
36,244
(60,000)
12,362
452,877
452,877
464,271
Totals
£
60,434
392,443
452,877
2024
£
13,275
2024
£
279
1,776
3,042
5,097|Totals
£
464,271
36,244
(60,000)
12,362
452,877
452,877
464,271
Totals
£
60,434
392,443
452,877
2024
£
13,275
2024
£
279
1,776
3,042
5,097|
|---|---|---|---|---|
||||||
||||||
||||||
Page 13
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued
## FOR THE YEAR ENDED 31 MARCH 2025
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Friends Fund
National Lottery Social Enterprise
Academy
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
Incoming
resources
£
General fund
62,483
**Restricted funds**
Friends Fund
6,050
**TOTAL FUNDS**
68,533|At 1.4.24
£
478,283
11,524
4,665
16,189
494,472
Resources
expended
£
(89,952)
(809)
(90,761)|Net
movement
At
in funds
£
31.3.25
£
(15,107)
463,176
5,241
16,765
-
4,665
5,241
21,430
(9,866)
484,606
Gains and
losses
£
Movement
in funds
£
12,362
(15,107)
-
5,241
12,362
(9,866)|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**Restricted funds**
Friends Fund
National Lottery Social Enterprise
Academy
**TOTAL FUNDS**|At 1.4.23
£
532,640
14,703
8,665
23,368
556,008|Net
movement
in funds
£
(54,357)
(3,179)
(4,000)
(7,179)
(61,536)|At
31.3.24
£
478,283
11,524
4,665
16,189
494,472|
|---|---|---|---|
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continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
## NOTES TO THE FINANCIAL STATEMENTS - continued
## FOR THE YEAR ENDED 31 MARCH 2025
## **11. MOVEMENT IN FUNDS - continued**
Comparative 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|60,645|(81,981)|(33,021)|(54,357)|
|**Restricted funds**|||||
|Friends Fund|340|(3,519)|-|(3,179)|
|National Lottery Social Enterprise|||||
|Academy|-|(4,000)|-|(4,000)|
|Ironbridge Gorge Museum Trust|3,280|(3,280)|-|-|
||3,620|(10,799)|-|(7,179)|
|**TOTAL FUNDS**|64,265|(92,780)|(33,021)|(61,536)|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Friends Fund
National Lottery Social Enterprise
Academy
**TOTAL FUNDS**|Net
movement
At
At 1.4.23
£
in funds
£
31.3.25
£
532,640
(69,464)
463,176
14,703
2,062
16,765
8,665
(4,000)
4,665
23,368
(1,938)
21,430
556,008
(71,402)
484,606|
|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|
above are as follows:|||||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||£|£|£|£|
|**Unrestricted funds**|||||
|General fund|123,128|(171,933)|(20,659)|(69,464)|
|**Restricted funds**|||||
|Friends Fund|6,390|(4,328)|-|2,062|
|National Lottery Social Enterprise|||||
|Academy|-|(4,000)|-|(4,000)|
|Ironbridge Gorge Museum Trust|3,280|(3,280)|-|-|
||9,670|(11,608)|-|(1,938)|
|**TOTAL FUNDS**|132,798|(183,541)|(20,659)|(71,402)|
Page 15
continued...
SHROPSHIRE REGIMENTAL MUSEUM TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
## **11. MOVEMENT IN FUNDS - continued**
## **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.
The National Lottery Social Enterprise Academy - 'Steps to Sustainability' - This is a two part grant
received to fund the sustainable development of 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 .
## **12. 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 (2024: £863) Contributions totalling £670 (2024: £287) were payable to the fund at the balance sheet date.
## **13. 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. (2024: £nil).
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