Decision details

Queen's Own Royal West Kent Regiment Museum Trust - Accounts 2011/12

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 2012.

 

Decision:

That the Trust’s Accounts for the year ending 31 March 2012, attached as Appendix A 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 2012 are attached as Appendix A 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 deficit of £2,701 on the Receipts and Payments Account for 2011/12.  However the Trust does continue to have a healthy bank balance with £7,740 in the Accounts as at 31 March 2012, and overall assets of £27,110 including the investment in the UST Combined Charitable Income Fund.

 

The most significant item of expenditure was a payment of £6,800 towards the purchase of individual sets of medals that had been awarded to a grandfather, father and son, from the same family, who had served in the Regiment.  The cost was partially offset by a donation of £3,000 from the Queen’s Own Buffs Association.

 

Alternative options considered:

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

 

Wards Affected: (All Wards);

Details of the Committee: None.

Contact: Simon Lace, Museums and Heritage Manager Paul Holland Ext.2038 Email: SimonLace@maidstone.gov.uk.

Report author: Paul Holland

Publication date: 10/01/2013

Date of decision: 09/01/2013

Decided: 09/01/2013 - Queen's Own Royal West Kent Regiment Museum Trust Committee

Effective from: 18/01/2013

Accompanying Documents: