CHARITY REGISTRATION NUMBER: 1171026
The Museum of Military Medicine Trust
Financial Statements
31 March 2024

The Museum of Military Medicine Trust
Financial Statements
Year ended 31 March 2024
Page
Trustees, annual report
Independent auditor's report to the member
Statement of financial activities
Statement of financial position
10
Notes to the financial statements

The Museum of Military Medicine Trust
Trustees, Annual Report
Year ended 31 March 2024
The trustees present their report and the financial statements of the charity for the year ended
31 March 2024.
Reference and administrative details
Registered charity name
The Museum of Military Medicine Trust
Charity registration number
1171026
Principal office
Keogh Barracks
Ash Vale
Aldershol
GU12 5RQ
The trustees
J Baker
Col A Boreham
Maj M Ellis
Col P Hubbard
Prof M Harrison
Mr P Nickson
Dr C Scott
D Cannon
R Good LLB
Col G Johnson
Maj D McTaggart
IResigned 1 July 20231
{Resigned 1 February 20241
Audltor
CA Ltd
Chartered accountants & statutory auditor
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
structure. governance and management
The Museum of Militsry Medicine Trust was established as 'The Army Medical Servi￿$ Museum
Trust. on 11 May 1999. The new charity brought together the collections of the previously separate
RAMC Historical Museum, Royal Army Veterinary Corps Museum, Royal Army Dental Corps Museum
and Queen Alexandra's Royal Army Nursing Corps Museum.

The Museum of Military Medicine Trust
Trustees, Annual Report (conllnuedj
Year ended 31 March 2024
Objectives and activities
The Board of Trustees manages the charity, and is responsible for ils assets and the charity's strategic
direction. The Board has two ex-officio positions.. Colonel AMS and Co-ordinating AMS Regimentsl
Secretary, the rest of the Iruslees are appointed. The Board of Trustees meets four limes each year.
The Iruslees are collectively responsible for the Board's decisions.
A total of £89,992 was re￿iVed in Grant in Aid during financial year 202312024 towards the salaries of
the Director, Curator, and Assistant Curator. The Trust also employed one full-lime Retail Assistant.
Bel￿een them they carry out the Trust's day-lo-day work. Utilities, rent and rates are provided from
public funds. A group of volunteers provide regular support to the museum, who undertook
approximately 1,600 hours of work for the museum belween them this last FY, or the equivalent of
£24,600. A Friends organisation also supports the museum, both financially and practically.
Achievements and performance
The museum commemorated the 125th Anniversary of the Royal Army Medical Corps in June 2023
with a specially organised study day held at the National Army Museum, with over 200 attendees and
a Royal visit by the Duke of Gloucester. A temporary exhibition on the Corps history was launched at
the same time. A new series of podcasts on the Field Hospital". past, present, and future was launched
in autumn 2023, featuring personnel from 22 Field Hospital at Keogh Barracks and 203 (Welsh) Field
Hospital in in Cardiff.
More than a hundred group and research visits have tsken pla￿ through the year and museum staff
have delivered off-site talks. Items from the museum's collections have been loaned to other museums
for temporary displays. The online retail element remained active throughout this period.
Staff and volunteers
Staff have continued to field research enquiries and undertake collections cataloguing and
ralionalisation, as well as undertaking individual CPD activities. The museum continues to offer
training and work experience opportunities to students.
Relocation Project
Work has continued with a view lo raising capital funds lo commence development in Cardiff Bay in
2025. Similarly, new partnerships have been established with a view to diversifying revenue streams.

The Museum of Military Medicine Trust
Trustees, Annual Report (conllnuedj
Year ended 31 March 2024
Financial review
The charity received general funding and income of £248,518 in the year, with costs of £229,210. This
leaves £7,642,450 of unrestricted reserves and £1,015,264 of restricted reserves al the year end,
making total reserves £8,657,714.
Reserves Policy
The Trustees have examined the requirement for free reserves, which are unrestricted funds which
are not represented by tangible fixed assets and which are not designated for specific purposes or
otherwise committed. The Trustees have affirmed that, having regard lo the nature of the activities of
the AMS Museum, the level of free reserves should be approximately £15,000 which is broadly
equivalent to four months ordinary expenditure. The Trustees are of the opinion that this would provide
sufficient flexibility to cover fluctuations income flows and in meeting the costs of the other
contingencies. 11 is the intention of the Trustees to move towards this level of reserves as
circumstances permit.
Trustees. responsibilities statement
The Iruslees are responsible for preparing the trustees. report and the financial statements in
accordance with applicable law and United Kingdom Accounting Stsndards (United Kingdom
Generally Accepted Accounting Praeticel.
The law applicable lo charities in England and Wales requires the charity trustees to prepare financial
ststements for each year which give a true and fair view of the slate of affairs of the charity and of the
incoming resources and application of resources, of the charity for that period.
In preparing these financial stalemenls, the trustees are required to..
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
prepare the financial slalemenls on the going con￿rn basis unless it is inappropriate to presume
that the charity will continue in business.
The Iruslees are responsible for keeping adequate accounting records that are sufficient lo show and
explain the charity's transactions and disclose with reasonable accuracy al any lime the financial
position of the charity and enable them to ensure that the financial statements comply with the
Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of
the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Museum of Military Medicine Trust
Trustees, Annual Report (conllnuedj
Year ended 31 March 2024
The trustees, annual report was approved on 29 November 2024 and signed on behalf of the board of
trustees by..
Col P Hubbard
Trustee

The Museum of Military Medicine Trust
Independent Auditor's Report to the Member of The Museum of Military
Medicine Trust
Year ended 31 March 2024
Opinion
We have audited the financial slalements of The Museum of Military Medicine Trust Ilhe 'charity'l for
the year ended 31 March 2024 which comprise the statement of financial activities, statement of
financial position and the related notes, including a summary of significant accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in
the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial slalements..
give a true and fair view of the slate of the charity's affairs as al 31 March 2024 and of ils
incoming resources and application of resources, including its income and expenditure, for the
year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practi￿.,
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of
the charity in accordance with the ethical requirements that are relevant to our audit of the financial
ststemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial stalemenls, we have concluded that the Iruslees. use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo
events or conditions that, individually or collectively, may cast significant doubl on the charity's ability
to continue as a going concern for a period of at least ￿e1ve months trom when the financial
statements are authorised for issue.
Our responsibilities and the responsibilities of the Iruslees with respect to going concern are described
in the relevant sections of this report.

The Museum of Military Medicine Trust
Independent Auditor's Report to the Member of The Museum of Military
Medicine Trust (contlnued)
Year ended 31 March 2024
Other infomiation
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information.
Our opinion on the financial slalements does not cover the other information and, except lo the extent
otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial stalemenls, our responsibility is to read the other
information and, in doing so, consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are
required to determine whether there is a material misslatemenl In the financial statements or a
material misstatement of the other information. If, based on the work we have performed, we conclude
that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misstatements in the trustees, report.
We have nothing lo report in respect of the following matters in relation to which the Charities Act
2011 requires us to report lo you if, in our opinion.
the infr)rmation given in the trustees, report is inconsistent in any material respect with the
financial statements., or
adequate accounting records have not been kept., or
the financial slalements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the trustees, responsibilities slalement, the trustees are responsible for the
preparation of the financial stslemenls and for being satisfied that they give a true and fair view, and
for such internal control as the trustees determine is necessary to enable the preparation of financial
ststements that are free from material misstatement, whether due lo fraud or error.
In preparing the financial slalemenls, the trustees are responsible for assessing the charity's ability lo
continue as a going concern, disclosing, as applicable, mallers related lo going concern and using the
going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease
operations, or have no realistic alternative bul to do so.

The Museum of Military Medicine Trust
Independent Auditor's Report to the Member of The Museum of Military
Medicine Trust (contlnued)
Year ended 31 March 2024
Auditotrs responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and lo issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that
an audit conducted in accordance with ISAS IUKI will always detect a material misstalemenl when il
exists. Misstalemenls can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial stslemenls.
Irregularities, including fraud, are instan￿$ of non-compliance with laws and regulations. We design
pr￿dureS in line with our responsibilities, outlined above, lo delect material misstatements in respect
of irregularities, Including fraud. The exlenl to which our procedures are capable of detecting
Irr￿ularItie$, including fraud is detailed below..
We identified areas of laws and regulations that could reasonably be expected lo have a material
effe¢l on the financial statements from our general auditing and accounting experienTr and through
discussion with the directors and other management las required by auditing stsndardsl, the polices
and procedures regarding compliance with laws and regulations. We communicated identified laws
and regulations throughout our team and remained alert lo any indications of non-compliance
throughout the audit.
The potential effect of these laws and regulations on the financial statements varies considerably.
Firstly the company is subject to laws and regulations that directly affect the financial ststemenls
including financial reporting legislation lincluding related companies legislation), dislribulable profits
legislation and taxation legislation and we assessed the extent of compliance with these laws and
regulations as part of our procedures on the related fi'nancial ststemenl items.
Secondly, the company is subject to many other laws and regulations where the consequences of
non-compliance could have a material effect on amounts or disclosures in the financial statement, for
instance through the imposition of fines or liligalion. We indemnified areas as those most likely to have
such an effect such as anti bribery and certain aspects of company legislation. Auditing standards limit
the required audit procedures lo identify non-complian￿ with these laws and regulations lo enquiry of
the directors and other management and inspection of regulatory and legal corresponden￿, if any.
As part of an audit in accordance with ISAS IUKI, we exercise professional judgment and maintain
professional s￿ptiCIsM throughout the audiL We also..
Identify and assess the risks of material misstatement of the financial statements, whether due lo
fraud or error, design and perform audit procedures responsive to those risks, and obtain audit
eviden￿ that is sufficient and appropriate to provide a basis for our opinion. The risk of not
delecling a material misstslemenl resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant lo the audit in order lo design audit
prO￿dureS that are appropriate in the circumstances, bul not for the purpose of expressing an
opinion on the effectiveness of the internal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
eslimales and related disclosures made by the trustees.

The Museum of Military Medicine Trust
Independent Auditor's Report to the Member of The Museum of Military
Medicine Trust (contlnued)
Year ended 31 March 2024
Conclude on the appropriateness of the Iruslees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to
events or conditions that may cast significant doubt on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required lo draw allenlion in
our auditor's report to the related disclosures in the financial statements or, if such disclosures
are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtsined
up lo the date of our auditor's report. However, future events or conditions may cause the charity
to cease lo continue as a going concern.
Evaluate the overall presentation, structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transactions and
events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely lo the charity's member, as a body, in accordan￿ with section 144 of the
Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been
undertaken so that we might stsle to the charity's member those mallers we are required to slate lo
them in an auditor's report and for no other purpose. To the fullest exlenl permilled by law, we do not
accept or assume responsibility to anyone other than the charity and the charity's member as a body,
for our audit work, for this report, or for the opinions we have formed.
Thomas Mcmanners (Senior Statutory Auditor)
For and on behalf of
TTCA Ltd
Chartered accountants & slatulory auditor
269 Farnborough Road
Farnborough
Hampshire
GU14 7LY
29 November 2024

The Museum of Military Medicine Trust
Statement of Financial Activities
Year ended 31 March 2024
2024
Restricted
funds Total funds Total funds
2023
Unrestricted
funds
Not•
Income and endowments
Donations and legacies
Other trading activities
Investment income
183,781
54,535
10,202
183,781
54,535
10,202
165,986
65,755
3,925
Total incomo
248,518
248,518
235,666
Expenditure
Expenditure on raising funds..
Costs of other trading activities
Expenditure on charitable activities
Total expenditure
41,938
187,272
41,938
187,272
87,335
199,939
229,210
229,210
287,274
Net ineomellexpenditurel and net
movement in funds
19,308
19,308
151,6081
Reconciliation of funds
Total funds brought forward
Total funds Carried forward
7,623,142
1,015,264
8,638,406
8,690,014
7,642,450
1,015.264
8,657,714
8,638,406
The slalement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 11 to 20 form part of these financial statements.

The Museum of Military Medicine Trust
Statement of Financial Position
31 March 2024
2024
2023
Notè
Fixed assets
Intangible assets
Tangible fixed assets
Heritage assets
13
42,468
14
84,557
15 7,026,978
45,500
78,641
7,026,978
7,154,003
7,151,119
Currgnt assets
Stocks
Debtors
Cash at bank and in hand
16
17
23,143
2,502
1,482,931
1,508,576
24,531
9,475
1,457,883
1,491,889
Credltors: amounts falllng due wlthln one year
Net current assets
18
4,865
4,602
1,503,711
1,487,287
Total assets less current liabilities
8,657,714
8,638,406
Net assets
8,657,714
8,638,406
Funds ofthe charity
Restricted funds
Unreslricled funds
1,015,264
7,642,450
1,015,264
7,623,142
Total charity funds
19 8,657,714
8,638,406
These financial statements were approved by the board of trustees and authorised for issue on 29
November 2024, and are signed on behalf of the board by..
Col P Hubbard
Trustee
The notes on pages 11 to 20 form part of these financial statements.
10

The Museum of Military Medicine Trust
Notes to the Financial Statements
Year ended 31 March 2024
General information
The charity is a public benefi't entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is Keogh Barracks, Ash Vale, Aldershol,
GU12 5RQ.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (Charities
SORP IFRS 10211 and the Charities Act 2011.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Golng concern
There are no material uncertainties about the charity's abilty lo continue.
Dlsclosure exemptlons
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such,
advantage has been taken of the following disclosure exemptions available under paragraph
1.12ofFRS 102.
la} No cash flow stslemenl has been presented for the company.
Ibl Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
Key sources of estimation uncertainty
Accounting estimates and assumptions are made concerning the future and, by their nature, will
rarely equal the related actual outcome. The key assumptions and other sources of estimation
uncertainty that have a significant risk of causing a material adjustment to the carrying amounts
of assets and liabilities within the next financial year consist of estimates of irrecoverable VAT
which have been provided for in the accounts.
11

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
Accounting policies {conllnu8d)
Fund accounting
Unreslricled funds are available for use al the dI￿retIOn of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to reslriclions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of sub-classes.. reslricled income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity., it is probable that the economic benefits associated with the transaction
will flow lo the charity and the amount Can be reliably measured. The following specific policies
are applied to particular categories of ineome..
income from donations or grants is rec￿nISed when there is eviden￿ of enlitlemenl to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when re￿Ipt is probable and enlillement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a conlraclual
requirement for il lo be spent on a particular purpose and returned if unspent, in which case
Il may be regarded as reslricled.
12

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
Accounting policies {conllnu8d)
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which il relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitsble activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of ils beneficiaries, including those
support costs and costs relating lo the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related lo raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly lo that activity. Shared eosts are apporboned
between the activities they contribute lo on a reasonable, justifiable and consislenl basis.
Intanglble assets
Intangible assets are initially recorded at cost, and are subsequently slated at cost less any
accumulated amortisation and impairment losses. Any intangible assets carried at revalued
amounts, are recorded al the fair value at the dale of revaluation, as determined by reference lo
an active market, less any subsequent accumulated amortisalion and subsequent accumulated
impairment losses.
Intangible assets acquired as part of a business combination are only recognised separately from
goodwill when they arise from contractual or other legal rights, are separable, the expected future
economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisalion is calculated so as to write off the cost of an asset, less its estimated residual value,
over the useful life of that asset as follows..
Development costs
Straight line over 15 years
If there is an indication that there has been a significant change in amortisation rate, useful life or
residual value of an intangible asset, the amortisalion is revised prospectively to reflect the new
estimates.
Tangible assets
Tangible assets are initially recorded at eost, and subsequently stated at cost less any
accumulated depreciation and impaitment losses. Any tangible assets carried al revalued
amounts are recorded al the fair value at the date of revaluab'on less any subsequent
accumulated depreciation and subsequent accumulated impairment losses.
13

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
Accounting policies {conllnu8d)
Tangible assets (conttnued)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless il reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except lo which il offsets any previous revaluation gain, in which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as lo write off the cost or valuation of an asset, less ils residual
value, over the useful economic life of that asset as follow5..
Short leasehold property
Fixtures and fittings
Equipment
10'/o reducing balan
1 00/0 reducing balance
100/0 reducing balance
Heritage assets
Heritage assets measured under the cost model are recognised initially recorded at acquisition
cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Heritage assets measured under the revaluation model are recorded al fair value less any
accumulated impairment losses.
Where information on the cost or value of an asset is not available and cannot be obtained at a
cost which is commensurate with the benefits lo users of the financial statements, the asset shall
not be recognised in the statement of financial position.
Impairment of fixed assets
A review for indicators of impairment is carried out al each reporting dale, with the recoverable
amount being estimated where such indicators exist. Vvhere the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting dale.
For the purposes of Impairment testing, when it is not possible lo estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the
cash-generaling unit to which the asset belongs. The cash-generating unil Is the smallest
identifiable group of assets that Includes the asset and generates cash inflows that largely
independent of the cash inflows from other assets or groups of assets.
For impairment lesling of goodwill, the goodwill acquired in a business combination is. from the
acquisition date, allocated to each of the ¢ash%enerating units that are expected lo benefit from
the synergies of the combination, irrespective of whether other assets or liabilities of the charity
are assigned lo those units.
14

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
Accounting policies {conllnu8d)
Stocks
Stocks are measured at the lower of cost and eslimaled selling pri￿ less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock lo ils present location and condition.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Grant in Aid funding
Other donations and legacies received
45,642
138,139
183,781
45.642
138.139
85,280
80,706
165,986
85,280
80,706
165,986
183,781
other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Shop income
54,535
54,535
65,755
65,755
Investment income
Unrestricted Total Funds Unrestricted Totsl Funds
Funds
2024
Funds
2023
Bank interest receivable
10,202
10,202
3,925
3,925
Costs of other trading activities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Shop Purchases
Gross Wages and Social Security
Postage
Shop Website Costs
20,235
20,278
20,235
20,278
64,826
20,774
159
1,576
64,826
20,774
159
1,576
1,418
1,418
41,938
41,938
87,335
97,335
15

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Insurance
Computer expenses and software support
Postage, stationery and printing
Repairs and renewals
Travel expenses
Telephone and fax
Security
Bank Charges
Stsff training costs
Entertainment
General expenses
Museum curator's salary and national insurance
Museum director's salary
Support costs
7,773
6.315
10.490
7,773
4.402
10,490
3,216
4,774
230
33
1,613
2,212
100
65,624
48,095
36,837
3,216
4,774
230
33
1,613
2,212
100
65,624
48,095
36,837
187,272
187,272
Unreslricled
Funds
Reslricled Total Funds
Funds
2023
Insurance
Computer expenses and So￿are support
Postage, stationery and printing
Repairs and renewals
Travel expenses
Telephone and fax
Security
Bank Charges
Museum curator's salary and national insurance
Museum director's salary
Museum relocation and development costs
Support costs
7,315
3,662
6,556
507
4,000
2,642
260
301
43,061
43,176
7,315
3,662
6,556
507
4,000
2,642
260
301
43,061
43,176
45,030
43,419
45,030
43,419
154,909
45,030
199,939
Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
Museum activities
Governan￿ costs
150,435
30,851
5.986
181,286
5,986
193,548
6,391
150,435
36,837
187,272
199,939
16

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
10. Net incomellexpenditure)
Nel incomellexpendilurel is staled after chargingllcreditingl..
2024
2023
Amortisalion of intangible assets
Depreciation of tangible fixed assets
3,032
8,580
8,738
11. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows".
2024
2023
Wages and salaries
132,177
107,010
The average head count of employees during the year was 412023.. 41.
No employee received employee benefits of more than £60,000 during the year12023.. Nill.
12. Trustee remuneration and expenses
Neither the trustees nor any persons connected with them have received any remuneration,
either in the current year or the prior year.
No trustees or employees received emoluments above £60,000 in the period to 31 March 2024.
12023. none)
During the period travel expenses lotalling £2,210 were paid to four trustees.
13. Intanglble assets
Development
costs
Cost
At 1 April 2023 and 31 March 2024
Amortisation
Charge for the year
At 31 March 2024
45,500
3,032
3.032
Carrying amount
At 31 March 2024
42,468
Al 31 March 2023
45,500
17

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
14. Tangible fixed assets
Short
leasehold Fixtures and
property
fittings
Equipment
Total
Cost
Al 1 April 2023
Additions
383,175
34,179
7,197
69,511
7,299
486,865
14,496
At 31 March 2024
383, 175
41,376
76,810
501,361
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
335,269
4,791
340,060
18,818
1,538
54,137
2,253
56,390
408,224
8,580
20,354
416,804
Carrying amount
At 31 March 2024
43,115
21,022
20,420
84,557
At 31 March 2023
47,906
15,361
15,374
78,641
15. Heritage assets
The heritage assets held by the charity consist of the exhibits and historical collections held by
the museum. These consist of medals, documents, and other ephemera and collections which
have been donated and obtained by the museum.
Heritage
assets
Cost or valuation
At 1 April 2023 and 31 March 2024
Accumulated depreciation
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
7,026,978
7,026,978
Al 31 March 2023
7,026,978
All heritage assets are shown at a revalued level and no depreciation is applied to these assets.
the last revaluation look place in 2023.
16. Stocks
2024
2023
Finished goods and goods for resale
23,143
24,531
17. Debtors
2024
2023
Trade debtors
Prepayments and accrued income
Other debtors
1,111
1,261
130
3.477
1.792
4.206
2,502
9,475
18

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
18. Creditors.. amounts falling due within one year
2024
2023
Trade creditors
Accruals and deferred income
Social security and other taxes
921
3,596
348
999
3,603
4,865
4,602
19. Analysis of charitable funds
Unrestricted funds
Al
1 April 2023
At
Income Expenditure 31 March 2024
General funds
7,623,142
248,518
1229,2101 7,642,450
Al
1 April 2022
At
Income Expenditure 31 March 2023
General funds
7,629,720
235.666
1242,2441
7,623, 142
Restricted funds
Al
1 April 2023
At
Income Expenditure 31 March 2024
Restricted Fund
1,015,264
1,015,264
Al
1 April 2022
At
Income Expenditure 31 March 2023
Restricted Fund
1,060,294
145,0301 1,015,264
19

The Museum of Military Medicine Trust
Notes to the Financial Statements (¢onllt)ue
Year ended 31 March 2024
20. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Intangible assets
Tangible fixed assets
Heritsge assets
Current assets
Creditors less than 1 year
Net assets
42.468
84.557
7,026.978
493.312
14,8651
7,642,450
42,468
84,557
7,026,978
1,508,576
14,8651
8,657,714
1,015,264
1,015,264
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Intangible assets
Tangible fixed assets
Heritage assets
Current assets
Creditors less than 1 year
Net assets
45.500
78.641
7,026.978
476,625
14,6021
7,623,142
45,500
78,641
7,026,978
1,491,889
14,6021
8,638,406
1,015,284
1,015,264
20