Com ined Mili um CIO Combined Military Services Museum Report and Financial Statements Year Ended 31 August 2024 Registered Charity No. 1196090
Combined Mili Se)vice Museum Contents Legal and admini strative inforniation Report of the Trustees Statement of financial activities Notes forniing part of ihe financial statemenls
Combined Mjlits s Museum CIO Legal and administrative inforn]ation Trustees.. Dr IU Wooldrid8c (Chairnian) Dr DA Bleay Dr VEY Te Velde Mr JM Hulott Mr MJ Dedman Mrs AA Percival- Borley Principal Office.. Ravenscroft St Josephs Abbey Storrington Wesi Sussex RH20 4GJ Page I
Combined Milita Tvices Museum CIO Report of the trustees for the year ended 31. August 2024 Manvdgemenl The tTUStees that served during the year and since are as follows.. Dr RJ Wooldridge (Chairn]an) Dr DA Bleay Dr VEY Te Velde Mr JM Hulott Mr MJ Dedman Mrs AA Percival- Borley Objectives and getivities The charitie5 objective is.. 'TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE HISTORY AND MILITARY ACCOMPLISHMEN'TS OF THE BRITISH FIGFITING FORCES FROM MFDIFVAL TIMES TO THE PRESENT DAY BY OPERATING THE COMBINED MtLITARY SERN'ICES MUSEUM, The charity will c(H)peraie wilh oiher chaTities. voluntary bodies and siatutory authorities operating in furtherance of the objective Ind to exchange infomiation and advice with them Achievements and performance The Covid Pandemic meant the closure of the Combined Military Services Museum. During this period. the Museums Governance was reviewed and it was decided io move to a CIO Charity. This new charity is now set up. however is noi yet operational It will replace the 0ri8inal charity no 1058595. The new CIO has yet to irade. Public Benefit The trnsiees have complied with the duty in section 4 of the Charities Act 2006 10 have due regard to public benefit guidance as published by the Commission. The charities objective is 'To advance the education of the general public by operating CMSM, In order to comply with this objective. the trustee5 will operate the CMSM Museum and ensure it is open lo the public for educational purposes Volunteers Th¢ charity will encourage new volunteers to join and assisting in the Charities objective5. Financial review and reserve$ The financial results for the year are shown on page 4. Durin8 this first financial year there have noi been any purchases of tan8ible fixed assets or property. Plans for future periods During the coming financial year the trustee's plan is to make the new CIO operational and to Ifil all of ils duties in both carin8 for its collections and educating the general public. Page 2
bined Mili Services Museum CIO Report of the trustees for the year ended 31. Augusi 2024 (continued) SIAtement of Trustees responsibilities The Trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom A¢¢ountin8 Standards. (United Kinsdom G¢n¢rally Accepted Accountin8 Practice) The law applicable to charities in England and Wa]eslNorthern Ireland requires Trnstees to prepare financial staiement5 for each financial year which ve a true and fair view of the State of afiyairs of Ihe charity and of the incomin8 rewrces and application of resources of the charity for that period. In preparing these financial 5tatement& the Trustees are required to.. l. Select suitable accountin8 policies and then apply them consistently. 2. Observe the meih(Kls and principles in the chariti¢s SORP. J. Make jud8em¢nts and estimates that are reasonable and prudent 4. State whether applicable accounting siandards have been followed, subjecl lo any material depanures disclosed and explained in the financial siatemenis 5. Prepare the financial slalements on the going concern basis unles5 il is inappropriaie to presume that the charity will continue in operation. The trustees are responsible for keepin8 accountin8 records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the rinancial statemenis comply with the Chariiies Act 1993. the Charity. (Accounis Reports) Regulations 2008 and trust deed. They are also responsible for safeguardin¥ the assets of the charity and hence for taking reasonable si¢p5 for the prevention and daection of fraud and other irre8ularities. On behalf of the Board of Trustees Dr R J Wooldrid8e Chainnan 2Th June 2025 Page 3
in Milita Service Museurn CIO There has been no trading during the financial period. and the CIO has not opened a bank accouni. Page 4
mbined Milit Services Museum CIO Statement of financial activities All the results as shown on page 4 are due to there being no financial activity. The financial statemen15 i>n p28e 4 were approved by the trustees on 27th June 2025 Dr R J Wooldridge On behalf of the board of Trustees Page 5
in Services Museum Notes forn)in8 part of the financial statements for the year ended 31 st August 2024 l. Actounting policies la) Bsis of preparation The financial statements have been prepared under the . llorical cost convenuon, with the excepiion of investments which are included at the maTket value. The financial statements have been prepare3d in accordance with the Statement of Recommended Practice (SORP}'Acc(wniing and Reportin¥ by Chariii¢s' published in 2005 and applicable accounting Standards (b) Ch#rity Slalus The charity is constiluted by a Governin8 Document (CIO) (c) Funds All the funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been desiBnated for other purposes. (d) Incoming rtjourcej All incoming resources are included in the sthtement of financial activities when the harity is legally entitl¢d to the income and the amount can be quantified with reasonable accuracy. (e) Grant$ and doniionJ Grants and donations are i>nly included in the statement of financial activities when the charity has unconditional entitlement to the reSr¢¢5. (Q Resources eipended All expenditure is accounted for on an accruals basis and has been classified under headings thal a¥8re8aie all costs relaied io the category Where costs cannot be directly attributed to particular headin8S they have been allocated to activities on a basis consistent with the use of the reSrCeS. (g) Tangible rued 4s3e15 and deprecialion There are no thnwble a5se15 in thi5 year5 account. however, it is the chariiies policy to depreciate its assets at rates calculated to wriie off ihe costs over iheir expected useful cMoomic lives as follows. Freehold land and buildings {see note 2.1) Not depreciated Anefacts (see note 3) Not depreciaied Plant l /• reducing balance basis Fixtures. fittings equipmeni IIY/., 2/9 and 250/0 r&luan8 balan¢¢ basis {h) Trusttes renJunerAtion The trustees neither received nor waived any emoluments durin8 the year under review. Page 6
ombin rvices Mu um CIO (i) Stoek The charity does not cUentlY hold any Stk. However. for future years It is planned to hold a stk of merchandise and refreshments for Sale to the general public. It is the charities policy that these 111 be valued at ihe lower cosi and the net reali5able value. li) Foreign currencies Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetsry assets and liabilities are translated at the rate of exchange ruling ai ihe balance sheei dale All differences are tsken to the staiement of financial activities. (k) Volunl4ry ajsislance The vAlue ofany i'oluntary help received is not included in the acLUnts. (l) Tax claims on don41ions and gifts Incoming resources from i&x reclaims will be included in the siatem¢nt of fjnancial activities at the same time as the gift to which they relate (m) Investment incorne This 15 included in the accounts when receiv1. 2. Tangible Assels There are no tan&ble assds owned by the charity for this financial year. 2.1 Depreciation or rreehold property The tTUStees are of the opinion that the value of property over the long iern) will in general increase Therefore. the reallble value of any property ownd will always be in excess of cosL and as such no depreciation need be provided 3. Higioric *sJetJ Some exhibits on display at the Combined Military Services Museum are on pemianent loan OT on lease to the charity Therefore. these do not fonn part of the charities assets. All artefact5 owned by the charity will be valu¢d al cost The trustees are of the opinion ihat the value of historic artefacts over the long terni will in general increase. Therefore. the realisable value of any artefacls owned will always be in excess of cost, aiid as )uili iiu dcpr¢iiaiiun nccd bc provldcd. 4. Unrestricted funds The trnstee5 are of the opinion that all feey received to dale are unrestricted in nature. S. Tour income /1¥lerchandise etc These are shown nei of related expenses. 5. Taxation The Combined Military Services Museum is a registered charity. As such lis source of tncome and 8ains are exernpt from t&¥ation to the extent that they are applied exclusively 10 ils chariiable objeciives. No t&x charge has arisen in the charity durin8 the year. Pa8e 7