Issue - meetings

Accounts 2014/15

Meeting: 20/01/2016 - Queen's Own Royal West Kent Regiment Museum Trust Committee (Item 21)

21 Report of the Head of Finance and Resources - Accounts 2014/15 pdf icon PDF 60 KB

Additional documents:


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.