Issue - meetings

Accounts 2018/19

Meeting: 29/07/2019 - Queen's Own Royal West Kent Regiment Museum Trust Committee (Item 16)

16 Accounts 2018/19 pdf icon PDF 57 KB

Additional documents:

Minutes:

The Senior Finance Manager (Client) presented a report which set out the financial position of the Trust as at 31st March 2019 and also provided an update on the performance of the investments.

 

The Committee noted that:-

 

·  The Trust’s overall assets were £22,874

·  The value of the Trust’s investment was £22,821

·  The Service Level Agreement would not now be drawn up in view of the Committee’s decision to dissolve the collection

In response to questions from Members, the Senior Finance Manager advised that the difference between the income from voluntary sources during the last 2 years had been due to a significant one-off donation received last year.

The Committee gave a vote of thanks to the Senior Finance Manager and his officers for all their hard work over the years managing the accounts of the Trust.

 

RESOLVED:  That

 

1)  The accounts for the year ending 31st March 2019 be approved.

2)  The annual update on investment performance be noted.

 

Voting:  For: unanimous