MAIDSTONE BOROUGH COUNCIL

RECORD OF DECISION OF THE QUEEN’S OWN ROYAL WEST KENT REGIMENT

MUSEUM TRUST COMMITTEE

                                                    Decision Made: 10 September 2008                               

ACCOUNTS  2007/08

Issue for Decision

To approve the Trust’s Accounts for the year ending 31 March 2008.

Decision Made

That the Trust’s Accounts for the year ending 31 March 2008, attached as Appendix A to the report of the Chief Finance Officer, be approved.

Reasons for Decision

The Council became Corporate Trustee of the Regimental Museum Trust on 12 March 2007. The previous Trustees made up the last set of Accounts to 31 March 2007.  These covered a period of 15 months from 1 January 2006 in order to avoid having a set of Accounts that covered only 3 months.                                                               

There was a net deficit on the Accounts of £11,183 during the year, which is mainly attributable to the costs of cataloguing and photographing the Collection. Year end assets totalled £23,771.         

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

Alternatives Considered and Why Rejected

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

Background Papers

Financial documents and files held by the Corporate Finance Section.

These can be inspected at the Council Offices.