THE NATIONAL ARMY MUSEUM DEVELOPMENT TRUST
The National Army Museum Development Trust aims to further all or any of the purposes which the National Army Museum exists to serve.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net movement in funds surplus of £55,856 for the year ended 31 December 2024, with total net assets rising to £683,103. The trustees confirm that reserves are sufficient to continue as a going concern, noting that free reserves excluding investments stood at £36,279. The charity holds significant invested assets totaling £646,824 to generate future income and capital growth.
What the accounts disclose
“The Trustees aim to hold free reserves, excluding those included in investments, at a level which will provide sufficient funds to respond to applications for grants and to cover administration costs.” — page 4
Trustees
- TIMOTHY COOKE OBEchair
- Algernon Percy
- EDWARD CRISPIN AKERS MARTINEAU
- JAMIE GLOVER WILSON
- M J B WATSON ESQ
- THE HONOURABLE DAVID MCALPINE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £27k | £26k |
| 31/12/2023 | £29k | £16k |
| 31/12/2022 | £28k | £13k |
| 31/12/2021 | £17k | £75k |
| 31/12/2020 | £18k | £4k |
Common questions
Is THE NATIONAL ARMY MUSEUM DEVELOPMENT TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net movement in funds surplus of £55,856 for the year ended 31 December 2024, with total net assets rising to £683,103. The trustees confirm that reserves are sufficient to continue as a going concern, noting that free reserves excluding investments stood at £36,279. The charity holds significant invested assets totaling £646,824 to generate future income and capital growth. Its FY2024 accounts were independently examined.