Paul Holland, Senior Finance Manager, introduced the Accounts for 2014/15 and
highlighted the following:
·
There was a deficit of £893 on the receipts and payments
account.
·
There had been one purchase of £750 for a medal for the
collection.
·
The trust had total assets of £26,022, and the bank account
had a balance of £2137 at the time the report was
written.
In response to questions Members were informed
that:
·
The value of investments was correct as of the date the balance
sheet was published. Market value was flexible, and figures given
were median.
·
The term assets used in context of the report referred to monies
rather than the Museum’s collection. Items in the collection
were insured and registered as their insurance value.
·
Income came from donations, bequests, and charges made by the
enquiry service to perform family history searches.
RESOLVED: That the Accounts for the year
ending 31 March 2015 be approved.