Decision 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
approve the Trust’s Accounts for the year ending 31 March
the Trust’s Accounts for the year ending 31 March 2013,
attached as Appendix A to the report of the Head of Finance and
Resources, be approved.
Reasons for the decision:
Accounts for the year ending 31 March 2013 are attached as Appendix
A to the report of the Head of Finance and Resources.
Accounts must be approved before they are submitted to the Charity
was a deficit of £4,585 on the Receipts and Payments Account
for 2012/13. This was a consequence of
a number of significant purchases (which are detailed below) and
the introduction of a service charge by the Council to cover the
running costs of the area in the Museum occupied by the Trust
Purchase of Kiosk in Gallery
Purchase of Book – ‘A County
Purchase of Photograph Album
Trust continues to have a healthy level of assets, which currently
stand at £22,525, but the bank account balance now stands at
£3,155. The Receipts and Payment Account has operated at a
deficit for the last two years, and as a minimum the Trust needs to
at least generate sufficient income to meet the annual service
charge payment to the Council. This
target has been achieved for the last two years, but additional
income or sources of income will need to be identified to meet any
further costs such as the purchase of new exhibits.
Alternative options considered:
is no alternative action as the Trust is required to submit its
Accounts to the Charity Commission.