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
2011.
Decision:
That
the Trust’s Accounts for the year ending 31 March 2011,
attached as an Appendix 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 2011 are attached as an
Appendix 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 small deficit of £244 on the Receipts and Payments
Account for 2010/11. However the Trust
continues to have a healthy bank balance with £10,441 in the
Accounts at 31 March 2011, and overall assets of £29,811
including the investment in the United Services Trust Combined
Charitable Income Fund.
The
most significant item of expenditure was a payment of £20,000
towards the refurbishment of the Regimental Museum displays, the
cost of which was covered by a donation of the same amount from the
Queen’s Own Buffs Regimental Association.
Alternative options considered:
There
is no alternative action as the Trust is required to submit its
Accounts to the Charity Commission.
Details of the Committee: Financial documents and files held by the Corporate Finance Section.
Contact: Simon Lace, Museums and Heritage Manager Email: SimonLace@maidstone.gov.uk.
Report author: Paul Holland
Publication date: 11/11/2011
Date of decision: 09/11/2011
Decided: 09/11/2011 - Queen's Own Royal West Kent Regiment Museum Trust Committee
Effective from: 19/11/2011
Accompanying Documents: