Senior Finance Manager presented a report detailing the
Queen’s Own Royal West Kent Regiment Museum Trust’s
accounts for the year ending 31 March 2017 for approval by the
Committee before submission to the Charity Commission.
Senior Finance Manager informed the Committee that the income from
voluntary sources was lower than the previous year. This was
because previously enquiry fees were being paid incorrectly into
the Queen’s Own Royal West Kent Regiment Museum Trust’s
code. As a result of this, the Trust did not have enough income to
pay the Maidstone Borough Council Service Charge for the
meeting held on 17 January 2017 the Committee requested further
information on the £15 flat fee for research undertaken by
officers on behalf of members of the public, along with detail on
the amount of time and resources allocated to each request, and
comparisons with other local authorities that provide a similar
Committee expressed its disquiet that the report that had been
requested was not presented at this meeting. The Committee asked
for the report to come to the next meeting and for it to
·The number of requests that the Museum received for
·What the Maidstone Borough Council Service Charge
·A full account of income and expenditure;
·An examination of scales and charges.
intended aim of this report was so the Committee could understand
the operation of the Trust as a business.
Committee discussed the type, size and prominence of the
Trust’s donation box at the Museum. The Committee agreed to
visit the donation box and think of possible alternatives that
would encourage more donations and make members of the public more
aware about the Trust.
order that a new donation box be placed
at the Museum before the winter, the Committee requested that
another meeting of this Committee would be held in early
RESOLVED:That the Accounts be approved for the year ending
31st March 2017.
Senior Finance Manager gave a presentation to the Committee
regarding Queen’s Own Royal West Kent Regiment Museum
Committee considered raising the risk level on their investments,
but the Senior Finance Manager advised that there would not be much
gain in doing so and, because it was a charity, risk levels should
be kept low. The Senior Finance Manager agreed to look at a range
of risk levels and report these back to the Committee.
1.The current investment be retained;
2.Investment performance be monitored and reported to
the Committee as part of future financial reports; and
3.A further report be brought back to the Committee
should further alternative investments be identified.