Contact your Parish Council


Decision details

Queen's Own Royal West Kent Regiment Museum Trust - Accounts 2012/13

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

Purpose:

To approve the Trust’s Accounts for the year ending 31 March 2013.

 

Decision:

That 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:

The Accounts for the year ending 31 March 2013 are attached as Appendix A to the report of the Head of Finance and Resources.

 

The Accounts must be approved before they are submitted to the Charity Commission.

 

There 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 collection.

 

Item

Cost (£)

Purchase of Kiosk in Gallery

2,500

Purchase of Book – ‘A County Regiment’

1,688

Purchase of Photograph Album

240

Total

4,428

 

The 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:

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

 

Report author: Paul Holland

Publication date: 17/01/2014

Date of decision: 15/01/2014

Decided: 15/01/2014 - Queen's Own Royal West Kent Regiment Museum Trust Committee

Effective from: 25/01/2014

Accompanying Documents:

 

Our A-Z

If you cannot find what you are looking for in our search facility, you can use our A-Z index to find the service you require.

A

B

C

D

E

F

G

H

I

J

K

L

M

N

O

P

Q

R

S

T

U

V

W

X

Y

Z