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Decision details
Accounts 2010/11
PDF 19 KBDecision Maker: Queen's Own Royal West Kent Regiment Museum Trust Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: Yes
Purpose:
To approve the Trust’s Accounts for the year ending 31 March 2011.
Decision:
That the Trust’s Accounts for the year ending 31 March 2011, attached as an Appendix to the report of the Head of Finance and Customer Services, be approved.
Reasons for the decision:
The Accounts for the year ending 31 March 2011 are attached as an Appendix to the report of the Head of Finance and Customer Services.
The Accounts must be approved before they are submitted to the Charity Commission.
There was a small deficit of £244 on the Receipts and Payments Account for 2010/11. However the Trust continues to have a healthy bank balance with £10,441 in the Accounts at 31 March 2011, and overall assets of £29,811 including the investment in the United Services Trust Combined Charitable Income Fund.
The most significant item of expenditure was a payment of £20,000 towards the refurbishment of the Regimental Museum displays, the cost of which was covered by a donation of the same amount from the Queen’s Own Buffs Regimental Association.
Alternative options considered:
There is no alternative action as the Trust is required to submit its Accounts to the Charity Commission.
Details of the Committee: Financial documents and files held by the Corporate Finance Section.
Contact: Simon Lace, Museums and Heritage Manager Email: SimonLace@maidstone.gov.uk.
Report author: Paul Holland
Publication date: 11/11/2011
Date of decision: 09/11/2011
Decided: 09/11/2011 - Queen's Own Royal West Kent Regiment Museum Trust Committee
Effective from: 19/11/2011
Accompanying Documents: