Royal Marines Historical kniety Registered Charity 274285 YEAR ENDED 31ST DECEMBER 2024 Report to the Council and to the Members Introductlon: The accounts presented lo you have teen prepared on an Income and Expenditure basis following the format recommended by the Charity Commissioners. This is a change from previous reporting periods. and now includes non-cash trantionS such as depreciatson elc. This change in accounting treatment was agreed by the Council al ils meeting In March 2025. Subscrlptions.. We saw a moderate increase in membership subscriptson income in year, Ihou9h did not meet budget. While oui In¢8$ed outreach In year did lead to an increase in new members these were partially offset by a number of members who were removed from the roll due lo non.payment of subscriptions. Our base does appeal to te healthy when viewed against historic numbgrs. Sale of PubllcallonJ'. Irorne from sale of publicatn$ is up considerabty on last year and is back lo 2022 l¥vel¥. Oui ielations wl¢h the RMA managed by Tony Slckeimore contjnues to b8 a $lrong. Il not vital, income stream lor the Organisatn. Postage and Publicatlon• Productlon Cost8.. Even with only one Special Publication sent out lo Membèrs In year, the iner¢asing costs ol postage meant we spent more than in previous years and exceeded budget We continue lo explore the mo$1 coslffeetive ways ol sendift9 hard Copy publication$ and. longer leTm, we will need lo consthr etrOn ver5$ of some outputs for some Members. Olh•r Exp•n808: 2024 being the anniversary of D-Day saw a Major out8¢h programme undertaken by the Society. Wlh funding provided by the RMA we purchased a lange ol equipment lo undertake travelling roadshows, Inleracling with hundreds ol members ol the public lo carry out our charitable activities lo e<lueate them on the history and traditions ol the Corps. That equipment will stand us In good stead lor similar activities in 2025 to recognwe the end of the Second Wortd War in Europe and the Far East. Summary.. Total Assets stand al £52.40712023. £47,7811 ofwhich £22.87012023, £24.0841 comprises cash al bank and in hand, the So¢ty's finances remain I1. This has been a salisfaelory year for the Sttiety with strong income considering the production of only one Special Publlcaiion, ieaoing io a small accouniing SUTPIUS. We rernain indebted lo Graham Figgins an¢J his Team from the TC Group for continuing lo act as the Independenl Examiner for our acwunts. Dr Rob Granger FCCA CIA CBCI Honorary Treasurer 31 July 2025
Royal Marines Historical Society A¢eounl• lor the yr endod 31#t D8e•mb•r 2024. Indwndont Enmln•rf• Raport to lh• TruBt••• of Roy•l M•rlrn• Hi•toAcal Soci•ty I report on Ihe attthd 8nIS olth? dwnty for the yearwthd 31 D8e•rnber 2024. A••pon•lbllltlo• Iwl• v•port As the charity's trusteos you are reiFrf)n8ible for Ihe of the accwils in rd8 with th r•quir¢ment5 of IhB Chities A¢1 2011 Ithe N£V). I report in respect of my exarninal'on ol th• chanty's accwnts carried oul undw sedion 145 of Ihe Act and in rrying my examinatn I have folbyèd all Ihe able DireclK)ns gNen by th• Charity Commission under 8ecli¢)n 145 151 (bl ol the Act. Indop•nd•nt•xamlMrf• •l•t•rn•nt I have ¢tyiWot•d my •xaMin0tK. I confirrn thal m•t•MI matlorn have ))me to my attent in ctyrctKn vrilh the examination 9Ning mo CAU lo bdieye th&t in arry rnatwipl rtspoct.. ACCnI1 recorth rwt k¥yl kni i¥¥wa vfuwi Llwiily •• r•wthl IX of ihe Act. or I havg no corK8ms and have come no other matt•rn in tonnectifm wilh the examination to whKh atttrOn •ts)uld be dfawn in thi8 report in ord8r lo enable a ur#J0rntdwj of the accounls lo bg r*achod. Graham Flgglns F.C.A TC Group Port$moulh
F<oyal Marines Historical Society Charity Number.. 274285 STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024 Rèstricted incom funds Unrestricted funds Total thls year Total last year Fixed assÈts F01 F02 r04 Tanglbl• a8¥ets {Not• 31 4.970 4,970 872 Total Ilxed assets Current assets 4,970 4,970 872 Stocks (Note 41 23,927 22,825 Debtorn {Not• 51 Cash at bank and In hand (Noto 213 22.870 24.084 Total current ass•ts Cr•dltors'. amounts falllng du• wlthln one y&ar Not ¢urrnnt ass•ts/(Ilabllhles) 47.437 Total net assets or Ilabllls 47 994 Funds of the Charlty Re8trlct•d incom• fund8 (Not• 7) Unrestrlcted fund¥ 47,437 Torjl funds 4.970 52,407 Brigadier Nick Pounds MA- Chairman Dr Rob Granger FCCA- Honorary Tre85urer
Royal Marines Historical Society Charity Number.. 274285 STATEMENT OF FINANCIAL ACTIVITIES 31 DECEMBER 2024 Unrestrlcted funds Restrfctgd Income funds Totsl funds Prlor year funds Incomg Donations and legacies Charitable aclwities Other trading activities Investments 313 6.686 6,999 300 17,419 6918 150 13.063 167 187 rotal Expendlturè Raising funds Charilèble activrties Othor 27.186 3.006 4.093 21,401 3,361 3,096 Total 30,282 Nel In¢omellexpgndltur•} Ixfor• tax lor thg roportlng yrlod Tax payable N8t Incomèll•xpendlturel aft•r t•x belor• Investmont g*ln8llloss•sl Nel gainslllossos) on invostments Net Incom•lloxpondlture) Transters b9tween funas 1,820 2,593 4.413 25 25 1,820 2.377 557 4.413 25 2,377 4970 Net movement An funds Re¢onclliation ol funds.. Total funds brought lorward Total funds carried fon¥anl 25 557 25 Brigadier Nick Pounds MA- Chairman Dr Rob Granger FCCA- Honorary Treasurer
Notp 1 8as1s of preparatlon 1.1 Basis of ac¢ountlng These accounts have been prepared under the historical cost COnventn with items regnised al $t or Iran$a¢lion value unless otherwise stated in the levant nolelsl to these accounts. The accounts have been prepared in accordance with. Ihe Slalemenl of Recommended Practice.. Accounbng and Reporting by Charities preparing their accounts in accordance with the Financial Reptsrting Standard applicable in the UK and Republic of Ireland IFRS 1021 ISSl on 16 July 2014." and with" the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. and wrth" IIIE Gliariliws AL'I 2011. 1.2 Golng Concem le operating In an unstable financial environment. the Trustees have taken steps to review our short- term a¢livilies, which are largely discretionary, and ensu they a commensuiale with our available funds. Al the same lirne, they have set out steps to pro<luce a longer-lem strategy to ensure the ongoing viability of thg organi$alion while achieving rts Chantable Oty"ectNe$. Wlh these active steps being laken lo manage the Operatn$ ol ihe Charity, and the resources held In reserve5 and free cash, th? Trustees a confident that the financial stalemenls can be prepared o n a going concern basis. 1.3 Chang• of &¢¢ountlng poll¢y Thg. 8r.r.niJnl# prpsp.nt a tnjp anrt fAir vw4 and Ihe xcounting polieios adopted are tho$• outlin•d in Note 2 Previous years accounts were Pfepared on a receipts and payments basis and the policy has been changed lo an accruals basis 10 gNe a bètter picture of the Slate of the charity. 1.4 Chang•8 to a¢¢ountlng e8Umat•¥ No changes to accounting estimates have occurred in Ihe reporb'ng period13.46 FRS 102 SORPI. 1.5 Mat¢rlal prlor yoar •rrorn No material prior year error have been idenlified in the reportirMJ period13.47 FRS 102 SORPI. Note 2 Accountlng pollcle• 2.1 Incom• R¢cognltlon ol income These are Included In the Statement of Financial Activitw ISoFA} when.. ihe charity becomes enblled to the resources, il is more likely than not that the trustees will receive the resources., and the monetary value can te meosuied with sufficient lIablIrtY. Offsettlng There has been no oflsetting of assets and liabilities. or income and expenses. unless required or permitted by ihe FRS 102 SORP or FRS 102. Oonations Donations are only Included in the SOFA when the general income reCognitn criteria are mel15.10 10 5.12 FRS102 SORPI. Volunteer help The value of any voluntary help weived is not irKl¥Jded in the accounts bLrt is described in the trustees, annual report.
Income from Interest. royaltles and divldends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Incomg from memborship subscriptions Membership subscripltons, whh gives a member the right to bLry services or other beneffts. are recognisèd as income earned from the provisM?n of goods and services as income from charitable aclivtties. 2.2 Expenditure and Llabllltlès Liability recognition Liabilities are recogn15ed where il Is more likety than not that there is a legal or constructive obligation committing the charity lo pay out sourceS and the amount of Ihe obligabon can be measured with reasonable certainty. Governance and support costs Support costs have been allocated befvleen goveman¢e costs and other $upport. Governance cos15 comprise all ¢o$ts involving public accountability of the charity and 115 compliance with regulation and good practice. Support costs Include central lunclions and have been allocated lo activity cost r.allAr1# nn A hA8i ex81%1nI with thA ii$fi nl rfisoiirrths Dèferrod income No malerial Ilern of delerred income has been included in the accounts. Cr•dltor8 The charity has credrtors which are rneasured at Settrnent amounts less any trade discounts. 2.3 A¥¥et• Tangible fixed assets for Lbse by charty These are capiialised if they can be used for more than one year, and cost al least £500. All assets are depreeialed on a straighl-line basis. an(J the depclaIOn rates used a as follows.. IT Equipment- 3 Years Office and exhibition equipment- 3 Years Artsvork and Displays for exhibitions- 5 Years Stocks and work In progress Stocks held lor sale as part ol non<haritable trade are measured al the lower of cost or nel realisablo value. Goods or services provided as part ol a charitable activity are measured al net realisable value based on the Service potential provided by items ol stock. Debtorn Debtors (including trade debtors and loans receivable) are measured on initial recognition al settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measureil at the cash Qf Other c0nsKleratft expected to be IeNed. Current asset investments The charity ha5 cash and cash equivalents wrth a maturty date les5 than one yeaT. These include cash on deposit and cash equivalents with a maturity date of less than one year held lor investment purposes rather Ihan to meet Short leTm eash MMItMents as they lall due. They are valued at fair value except where they qualify as basi¢ finan¢ial instruments.
Note 3 Tangible Fixed Assets 3.1 Cost or Valuations Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtur¢$, rittlngs and equipment Total Al Ihe beginning of the ear Aaailions Revaluations Dis osals Transfers ' Al end of the ear 872 872 7,285 8,157 8,157 3.2 DepreclatSon and Impalmients Fr•ehold land & bulldlng Othèr land & buildings Plant. rnachinery 4nd motor vehicles Flxtures. flttings and oqulpmgnt Total Al the beginning of the year Dis osals De reeiation Impairments Transfers Al end ol the ear 3.187 3,187 3.3 Net 8ook Value8 Freehold land & bulldlngs Olhgr land & buildings Plant. machinery and motor Vehicles Fixturos. fittlnas and •qulpment Total Nel book value al the beginning of the ear Net book value al the end ol the ear 872 872 4.970 4.970
Note 4 Stocks Stocks For Resale Donated Goods For For Resale Distrlbulion Work in Progress For Dlstribution Charitable activities Openin Added in riod Expens8d in oriod aired Closin Sub Total Other tradlng actlvltl•s enin Added in riod Expensed in eriod aired Closin Sub Total Total Thls Y•ar Total prevlou• Y•ar 21,175 1,102 22,277 21.175 Note 5 Debtorn and pr•payment• Thls •ar£ L48t gar£ Trade debtors Prepayments and accrued income Other debtors Total 213 213 641 641 Note 8 Cash at bank •nd In hand This ear£ Last ear£ Short term cash Investments Iless than 3 months maturity date Short term de Cash at bank and on hand Olher Tvtal 7.374 15.495 7,323 22.870 24.084
Note 7 Detsils of material funds held and movements during tne reporting perfod ' Key: PE- pernianent endowment fund$,. EE - eXnd#blO endowment funds; R- restrlctgd Income funds, including Special trusts. of the charity. and U - unrestricted funds Expgnditure Transfers Fund names Purpose and Rèstrictions Fund balance8 brought fopward Income Fund balances carried forward Unrgstricled Unrestricted 47,994 32,102 30,282 12.3771 47.437 D-DaylS Re<tnrtpd for vse for D- Dayls exhibitions 6.686 4,093 2,377 4,970 IRI Total Not• 8 Tru¥tts Exp•n$•8 eofex n8e$ relmburs•d Thls Y•ar £ Travel Subsistence Ac¢ommodation Tot•1 72 These expenses were paid to Trustees.