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MAIDSTONE BOROUGH COUNCIL

THE QUEEN’S OWN ROYAL WEST KENT REGIMENT MUSEUM TRUST COMMITTEE

20^TH DECEMBER 2010

REPORT OF HEAD OF FINANCE & CUSTOMER SERVICES

Report prepared by Paul Holland, Senior Accountant (Client) 

1.           ACCOUNTS 2009/10

1.1        Issue for Decision

1.1.1   To consider the approval of the Trust Accounts for the year ending 31^st March 2010.

1.2        Recommendation of Head of Finance & Customer Services

1.2.1   That the Committee approves the Accounts for the year ending 31^st March 2010.

1.3        Reasons for Recommendation

1.3.1   Attached at Appendix A are the Accounts for the year ending 31^st March 2010.

1.3.2   The Committee is required to formally approve the Accounts before they are submitted to the Charity Commission.                                                                             

1.4        Accounts 2009/10                                                                                      

1.4.1   There was a net surplus on the accounts of £1,729 during the year, compared to a net surplus of £4,555 the previous year. This was a result of a reduced level of donations, and the purchase of touch screen software. There was no expenditure incurred the previous year. The intention going forward is to continue to build up surpluses on the account wherever possible.                   

1.5        Alternative Action and why not Recommended

1.5.1   There is no alternative action as the Trust is required to submit its accounts to the Charity Commission.                                                                                                                                                                                     

1.6        Impact on Corporate Objectives

1.6.1   There is no impact on Corporate Objectives.                                                                                                                                                

1.7        Risk Management

1.7.1   The approval of the annual accounts is a fundamental part of the overall financial management of the Trust.                                                                 

1.8        Other Implications

1.8.1    

1.9        Background Documents

1.9.1   Financial documents and files held by the Corporate Finance section.