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: