in d Mili Combined Military Services CollectRon Report and Financial Statements Year Ended 31" March 2025 Registered Charity No. 1196112
in nCI Contents Legal and administrative infonnation Report of the Trustees Statement of financial activities Notes forming part of the financial statements
in Legal and administrative infonnation Trustees". Dr RJ Wooldrid8e (Chairnian) Mr Gary Weighi Principal Otyice: Ravenscroft 6 St Josephs Abbey Sioffington West Sussex RH20 4GJ Bankers.. Barclays Pa8e I
Report of the trustees for the year ended 31° Match 2025 Mgnagement The trustees that seTved durin8 the year and since are as follows". Dr RJ Wooldridge (Chairnian) Mr Gary Wcight Objt¢lives and activities The charities Objects'e is 'To advance the education of the public by increasin8 awess to and appreciation of The CMSM Collertions of UK military artefacts and d(Kuments across the UK, and for their conservation. preservation and restoration.. The charity will co4)perate with other charitiA voluntary bodies and Statory authorities operaiing in furtherance of the (l)jethive and to ex¢han8e infomiaiion and adviLY with them. Aehievemenls and perforniance The Covid Pandemic meant the closure of ihe Combined Military Services Museum Durin8 this period. th¢ Muscums Governance was reviewed and it was decided io add an additional CIO Chariry that holds. cares for and administers the collection itself This new charity is now sel up and operational Working 8lonJ3side the 0ri8inal charity no 1058595. That continues to run the museurn itself operationally Public Benefit The trustees have complied with the duty in section 4 of the Charities Aa 2(M)6 to have due regard lo public benefit guidance as published by ihe Comrnission. The charities objective is 'To advance the education of the wblic by increasin8 access to and appreciation of The CMSM Collections of UK military artefacls. In order to comply with this objeaive. the trustees wtll operate the CMSC Charity and ensure li is available to the public for educational purposes. Volunleers The charity. will encoura8e new volunteers to join and assistin8 in the Charities d)jectives. Financial review and reserves The financial results for the year are shown on page 4. During ihis firsi financial year there have noi bttn any purchases of tangible fixed assets or propeny. Plans for future periods During the comin8 tinancial year the trusiee's plan is review its collections, and plan for the future in order to fulfil all of its duties in both carin8 for its colleaions and educatin8 the general publi¢. Page 2
Report of the truslees for the year ended 31" March 2025 (continued) Statement of Trustees responsibilities The Trustees are responsible for preparing the TTUStees Report and the financial statements in accordance with applicable law and Llniied Kingdorn Accounting Stsndards. (United Kingdom Generally Accepted Accounts'ng Prathice) The law applicable to charities in England and waleOrthern Ireland requires Trustees to prepare financial statements for each financial year which give a ITue and faiT view of the state of atTairs of the charity and of the incoming resources and application of resources of the charity for Ihal perid. In preparing these financial Mtements. the Trustees are required to: l. Select suitable accountin8 policies and then apply them eA)nsistently. 2. Observe the methTras and principles in the chilleS SORP. 3. Make judgements and estimaies that are reasonable and prndent. 4. State whdher applicable accountin8 Standards have been followed, subject io any material departures disclosed and explained in the financial siatemenls 5. Prepare the financial staiements on the goin8 concern basis unless it is inappropriate to pre$um¢ that the charity will ntinue in operation. The trustees are responsible for keepin8 accountin8 re¢ords thai disclose with reasonable accurncy at any time the financial position of the charity and enable them to ensure that the financial siatemenis Comply with the Charities Act 1993, the Charity (Accounts Reports) Re¥ulations 2008 and trust deed They are also responsible for safeL4uardin8 the assets of the charity and henc¢ for takin8 r¢asonabl¢ steps for the prevention and deiection of fraud and other irregularities. On behalf of the Board of Trustees Dr R J WooldridBe Chairnian 281h November 2025 Page 3
in d Mili ervi Ilecti Statement of fmancial activities +D•p vp ¢tty 50th r• V4 IQ Page 4
in Mili Statement of financial activities (Continued) The financial sthtemenls on page 4 were approved by the trusiees on 28. November 2025 Dr R J Wooldrid8e On behalf of the board of Trustees Page 5
rvi Notes forniing part of the financial statements for the year ended 3 1st March 2025 l. Accounting policies (a) Basis of prepar*tion The financial siaiements have been prq)aTed under the historical cost convention, with the exception of investments which are included ai ihe markel va]ue. The financial statemenis have been prepare3d in accordance with the Statement of Recommended Practice (SORP) 'Accouniing and Reporting by Charities, published in 2005 and applicable accounting Standard5. (b) Chgrity Status The chariiy is constituied by a Governin8 Document (CIO) (c) Funds All the funds are unrestricted ndS which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have nol been designated for other purposes. (d) Incoming resources All incoming resources are included in the slatemenl of financial activilies when the charity 15 legally entitled to the income and the amount can be quantified with reasonable accuracy. (e) Grants and donationj Granis and donations are only included in the sthtement of financial activities when the chartty has unconditional entitlement to the res(rr¢S. (D ReJour¢e5 expended All expenditure is accounted for on an a¢¢ruals basis and has been classified under headings thai aggregate all costs related to the caiegory. Where ¢o$ts cannot be directly attribuied to PArticular headings they have been all(Kated to activities on a basis con51Stenl with the use of the resources. (g) TAngible fixed assets And depreciation There are no tangible asseis in this years accijunl. however. il is the chariiies policy to depreciaie ils assets at rates calculated to wriie off the costs over their expecied useful economic live5 as follows.. Freehold land and buildings (see note 2.1) Noi depreciaied Artefacts (see note 3) Noi depreciated Plant I/0 reducing balance basis Fixtures. fittings and equipment I/. 21y/ts and 250/0 reducing balance basis (h) Trustees remuneration The trustees neither ceiVed nor waived any emoluments during the ycar under review. Pa8e 6
Mili Ilection (i) Stock The charity does not currently hold any stock. However. for fure years it is planned to hold a siock of merchandise and refreshments for sale io the general public. Il is the charities policy that these will be VUed at the lower cosi and the nei realisable va]ue. ti) Fortign turreDcies Transactions in forei8n currencies are reeorded at the rAte ruling at the date of the transaction. Monetary assets and liabilities are translated at the raie of exchange ruling at the balance sheet date. All differences are taken to the statement of financial activities. (k) VoluntAry assistance The value of any voluntary help received is not included in the accixmts. (l) Tax tlaims on donations and gifts Incoming resources from t&x reclaims will be included in the statement of financial activities at the same time as the gift to which they relaie. (m) Investment income This is included in the accounts when received. 2. Tangible Assets There are no tangible asset$ owned by the charity for this financial year. 2.1 Deprteigtion of freehold property The trustees are of ihe opinion that the value of property over ihe long tem will in general increase. Therefore. the realisable value of any propety owned will always be in excess of c(y6L and as such no depreciation need be provided. 3. Hisloric Assets Some exhibits on display at ihe Combined Military Services Collection are on pernianent loan or on lease lo the charity. Therefore, these do noi forn] part of the charities assels. All artefacts owned by the charity will be valued al cost. The mistees are of the opinion that the value of historic artefacls over the long tem wtll in ¥eneral increase. Therefore, the realisable value of any art¢faS owned TrI1 always be in excess of cost, and as such no dePclution nccd bc providcd. 4. Unrestricled funds The trustees are of the opinion that all fees received to date are unrestricted in nature. S. Tour income / Merchandise ete These are shown net of related expenses. S. Taxatio The Combined Military Services Museum is a registered charity. As such its source of income and gains are exempl from iaxation to the extent thai they are applied exclusively to ils charitable objethives No charge has arisen in the charity durin8 the year. Pa8e 7