Chairman’s Report 2020-21
Farnborough Air Sciences Trust
The Covid pandemic, with its government enforced lock-downs resulted in closure to the public of the FAST Museum for most of the reporting period, until re-opening in July 2021. Essential administration and museum maintenance continued with limited access for selected volunteers following official guidelines. Much archiving and project development work continued, with some home working where appropriate and practical.
The loss of visitor income was largely offset by donations, grants and various fund-raising activities by volunteers. Where conditions allowed within the access constraints, opportunities were exploited to improve and renew new exhibits and displays in anticipation of an eventual full reopening.
After the July reopening visitor numbers began to build up again and publicity efforts encouraged more first-time as well as return visitors, from all over the country. A limited number of group tours also resumed, including school party visits later in the year. This helped contribute to income generation, though investment in various maintenance tasks and equipment purchases, the latter to enhance archiving, artefact storage and new displays, largely cancelled out regular income. Receipt of generous legacy donations helped sustain a healthy reserve. This will be required in part to meet future expenditure on strategic projects required to sustain the museum in the future.
The period closed with positive signs of recovery during a challenging period. Close co-operation with Rushmoor Borough Council (RBC), Hampshire Cultural Trust and other Hampshire-based museums saw many visits as a part of FAST’s on-going membership of the Hampshire Military Museums Network. The current RBC local community regeneration programme, supported by the government, has resulted in many consultations with local planning officials to assist them in their desire to involve FAST as part of a wider project to expand and enhance the overall visitor appeal of sites that exploit Farnborough’s unique aviation history, scientific achievements, and the museum’s role in safeguarding key records, assets and educational capabilities.
Richard Gardner MCIPR, MRAeS
Chairman
Farnborough Air Sciences Trust
May 2022
REGISTERED CHARITY NUMBER: 1040199
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2021 for Farnborough Air Sciences Trust
Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
Farnborough Air Sciences Trust
Contents of the Financial Statements for the Year Ended 31 July 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Farnborough Air Sciences Trust
Report of the Trustees for the Year Ended 31 July 2021
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1040199
Principal address
Trenchard House 85 Farnborough Road Farnborough Hampshire GU14 6TF
Trustees
R Gardner L Peskett Dr G M Rood B Luff D F M Gordon D Wilson Sir Donald Spiers M J Hordley P O Buckroyd A Lloyd Mrs S L Adcock
Chairman Secretary Museum Curator Vice Chairman - appointed 8.2.21
Independent examiner
Graham Best & Co FCA Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Related parties
Ten of the Trustees of the Charity are each the holder of 10 shares in Trenchard Trading Limited a retail trading company.
A number of the Charity Trustees are directors of the company.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 18 October 2021 and signed on its behalf by:
R Gardner - Trustee
Page 1
Independent Examiner's Report to the Trustees of Farnborough Air Sciences Trust
I report on the accounts for the year ended 31 July 2021, which are set out on pages three to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Graham Best & Co FCA Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
Date: .............................................
Page 2
Farnborough Air Sciences Trust
Statement of Financial Activities for the Year Ended 31 July 2021
| Unrestricted funds Restricted funds Notes £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 112,379 - Activities for generating funds 2 7,985 - Investment income 3 16 - Total incoming resources 120,380 - RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 4 55,857 - Governance costs 19,322 - Total resources expended 75,179 - NET INCOMING/(OUTGOING) RESOURCES 45,201 - RECONCILIATION OF FUNDS Total funds brought forward 310,614 - TOTAL FUNDS CARRIED FORWARD 355,815 - |
31.7.21 Total funds £ 112,379 7,985 16 120,380 55,857 19,322 75,179 45,201 310,614 355,815 |
31.7.20 Total funds £ 64,287 18,427 237 82,951 86,768 18,695 105,463 (22,512) 333,126 310,614 |
|---|---|---|
The notes form part of these financial statements
Page 3
Farnborough Air Sciences Trust
Balance Sheet At 31 July 2021
| Unrestricted funds Restricted funds Notes £ £ FIXED ASSETS Tangible assets 6 68,410 - Heritage assets 7 21,166 - Investments 8 14,273 - 103,849 - CURRENT ASSETS Cash at bank and in hand 256,120 - CREDITORS Amounts falling due within one year 9 (4,154) - NET CURRENT ASSETS 251,966 - TOTAL ASSETS LESS CURRENT LIABILITIES 355,815 - NET ASSETS 355,815 - FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.7.21 Total funds £ 68,410 21,166 14,273 103,849 256,120 (4,154) 251,966 355,815 355,815 355,815 355,815 |
31.7.20 Total funds £ 54,794 34,350 14,273 103,417 209,246 (2,049) 207,197 310,614 310,614 310,614 310,614 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 18 October 2021 and were signed on its behalf by:
R Gardner -Trustee
The notes form part of these financial statements
Page 4
Farnborough Air Sciences Trust
Notes to the Financial Statements
for the Year Ended 31 July 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| The Jaguar Building | - in accordance with the property |
|---|---|
| Plant and machinery | - 10% on cost |
| The Cody Pavilion | - 25% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
| Archive/Photo sales Tours Raffle |
31.7.21 £ 3,700 4,285 - 7,985 |
31.7.20 £ 1,268 16,811 348 |
|---|---|---|
| 18,427 |
3.
INVESTMENT INCOME
| 31.7.21 | 31.7.20 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 16 | 237 |
Page 5
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
4. COSTS OF GENERATING VOLUNTARY INCOME
Support costs
| 31.7.21 | 31.7.20 |
|---|---|
| £ | £ |
| 55,857 | 86,768 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020 .
6.
TANGIBLE FIXED ASSETS
| The Jaguar Plant and The Cody Building machinery Pavilion £ £ £ COST At 1 August 2020 81,966 - 61,750 Additions - 18,171 - At 31 July 2021 81,966 18,171 61,750 DEPRECIATION At 1 August 2020 27,172 - 61,750 Charge for year 2,738 1,817 - At 31 July 2021 29,910 1,817 61,750 NET BOOK VALUE At 31 July 2021 52,056 16,354 - At 31 July 2020 54,794 - - |
Totals £ 143,716 18,171 |
|---|---|
| 161,887 | |
| 88,922 4,555 |
|
| 93,477 | |
| 68,410 | |
| 54,794 |
Page 6
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
7. HERITAGE ASSETS
| Total £ MARKET VALUE At 1 August 2020 and 31 July 2021 159,582 PROVISIONS At 1 August 2020 125,232 Charge for year 13,184 At 31 July 2021 138,416 NET BOOK VALUE At 31 July 2021 21,166 At 31 July 2020 34,350 8. FIXED ASSET INVESTMENTS 31.7.21 31.7.20 £ £ Loans 14,273 14,273 Loans to group undertakings £ At 1 August 2020 and 31 July 2021 14,273 There were no investment assets outside the UK. 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.21 31.7.20 £ £ Other creditors 4,154 2,049 10. MOVEMENT IN FUNDS Net movement At 1.8.20 in funds At 31.7.21 £ £ £ Unrestricted funds General fund 310,614 45,201 355,815 TOTAL FUNDS 310,614 45,201 355,815 |
Total £ 159,582 |
Total £ 159,582 |
|---|---|---|
| 125,232 13,184 |
||
| 138,416 | ||
| 21,166 | ||
| 34,350 | ||
| 31.7.20 £ 14,273 |
||
| 355,815 |
Page 7
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 120,380 | (75,179) | 45,201 |
| TOTAL FUNDS | 120,380 | (75,179) | 45,201 |
| Comparatives for movement in funds | |||
| Net movement | |||
| At 1.8.19 | in funds | At 31.7.20 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 333,126 | (22,512) | 310,614 |
| TOTAL FUNDS | 333,126 | (22,512) | 310,614 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,951 | (105,463) | (22,512) |
| TOTAL FUNDS | 82,951 | (105,463) | (22,512) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement | |||
|---|---|---|---|
| At 1.8.19 | in funds | At 31.7.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 333,126 | 22,689 | 355,815 |
| TOTAL FUNDS | 333,126 | 22,689 | 355,815 |
Page 8
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 203,331 | (180,642) | 22,689 |
| TOTAL FUNDS | 203,331 | (180,642) | 22,689 |
Page 9
Farnborough Air Sciences Trust
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| INCOMING RESOURCES Voluntary income Donations Gift aid Grants Subscriptions Activities for generating funds Archive/Photo sales Tours Raffle Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Governance costs Accountancy Professional fees Short leasehold Plant and machinery Heritage asset 2 Support costs Management Rent - Centrifuge Insurance Light and heat Postage and stationery Sundries Bricks Waste Security Printing Cleaning IT Carried forward |
31.7.21 £ 73,868 8,000 17,907 12,604 112,379 3,700 4,285 - 7,985 16 120,380 1,583 - 2,738 1,817 13,184 19,322 25,000 3,493 6,726 1,005 60 379 700 2,909 1,835 600 1,368 44,075 |
31.7.20 £ 20,992 19,665 11,000 12,630 |
|---|---|---|
| 64,287 1,268 16,811 348 |
||
| 18,427 237 |
||
| 82,951 823 1,950 2,738 - 13,184 |
||
| 18,695 30,000 2,063 7,995 2,911 1,128 89 976 2,600 4,123 2,899 1,484 56,268 |
This page does not form part of the statutory financial statements
Page 10
Farnborough Air Sciences Trust
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| Management Brought forward Visits/Tours Advertising Office Costs Archive Photos Museum Displays Museum Maintenance FASTA talks Library Costs Workshop Finance Paypal Fees Credit Card Charges Total resources expended Net income/(expenditure) |
31.7.21 £ 44,075 - 894 1,393 135 2,746 5,271 - 856 53 55,423 51 383 434 75,179 45,201 |
31.7.20 £ 56,268 1,290 540 2,707 - 12,910 4,287 1,200 5,177 323 84,702 1,617 449 2,066 105,463 (22,512) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11
REGISTERED CHARITY NUMBER: 1040199
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 July 2021 for Farnborough Air Sciences Trust
Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
Farnborough Air Sciences Trust
Contents of the Financial Statements for the Year Ended 31 July 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
Farnborough Air Sciences Trust
Report of the Trustees for the Year Ended 31 July 2021
The trustees present their report with the financial statements of the charity for the year ended 31 July 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1040199
Principal address
Trenchard House 85 Farnborough Road Farnborough Hampshire GU14 6TF
Trustees
R Gardner L Peskett Dr G M Rood B Luff D F M Gordon D Wilson Sir Donald Spiers M J Hordley P O Buckroyd A Lloyd Mrs S L Adcock
Chairman Secretary Museum Curator Vice Chairman - appointed 8.2.21
Independent examiner
Graham Best & Co FCA Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Related parties
Ten of the Trustees of the Charity are each the holder of 10 shares in Trenchard Trading Limited a retail trading company.
A number of the Charity Trustees are directors of the company.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 18 October 2021 and signed on its behalf by:
R Gardner - Trustee
Page 1
Independent Examiner's Report to the Trustees of Farnborough Air Sciences Trust
I report on the accounts for the year ended 31 July 2021, which are set out on pages three to nine.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Graham Best & Co FCA Graham Best & Co 189 Lynchford Road Farnborough Hampshire GU14 6HD
Date: .............................................
Page 2
Farnborough Air Sciences Trust
Statement of Financial Activities for the Year Ended 31 July 2021
| Unrestricted funds Restricted funds Notes £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 112,379 - Activities for generating funds 2 7,985 - Investment income 3 16 - Total incoming resources 120,380 - RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 4 55,857 - Governance costs 19,322 - Total resources expended 75,179 - NET INCOMING/(OUTGOING) RESOURCES 45,201 - RECONCILIATION OF FUNDS Total funds brought forward 310,614 - TOTAL FUNDS CARRIED FORWARD 355,815 - |
31.7.21 Total funds £ 112,379 7,985 16 120,380 55,857 19,322 75,179 45,201 310,614 355,815 |
31.7.20 Total funds £ 64,287 18,427 237 82,951 86,768 18,695 105,463 (22,512) 333,126 310,614 |
|---|---|---|
The notes form part of these financial statements
Page 3
Farnborough Air Sciences Trust
Balance Sheet At 31 July 2021
| Unrestricted funds Restricted funds Notes £ £ FIXED ASSETS Tangible assets 6 68,410 - Heritage assets 7 21,166 - Investments 8 14,273 - 103,849 - CURRENT ASSETS Cash at bank and in hand 256,120 - CREDITORS Amounts falling due within one year 9 (4,154) - NET CURRENT ASSETS 251,966 - TOTAL ASSETS LESS CURRENT LIABILITIES 355,815 - NET ASSETS 355,815 - FUNDS 10 Unrestricted funds TOTAL FUNDS |
31.7.21 Total funds £ 68,410 21,166 14,273 103,849 256,120 (4,154) 251,966 355,815 355,815 355,815 355,815 |
31.7.20 Total funds £ 54,794 34,350 14,273 103,417 209,246 (2,049) 207,197 310,614 310,614 310,614 310,614 |
|---|---|---|
The financial statements were approved by the Board of Trustees on 18 October 2021 and were signed on its behalf by:
R Gardner -Trustee
The notes form part of these financial statements
Page 4
Farnborough Air Sciences Trust
Notes to the Financial Statements
for the Year Ended 31 July 2021
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| The Jaguar Building | - in accordance with the property |
|---|---|
| Plant and machinery | - 10% on cost |
| The Cody Pavilion | - 25% on cost |
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. ACTIVITIES FOR GENERATING FUNDS
| Archive/Photo sales Tours Raffle |
31.7.21 £ 3,700 4,285 - 7,985 |
31.7.20 £ 1,268 16,811 348 |
|---|---|---|
| 18,427 |
3.
INVESTMENT INCOME
| 31.7.21 | 31.7.20 | |
|---|---|---|
| £ | £ | |
| Deposit account interest | 16 | 237 |
Page 5
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
4. COSTS OF GENERATING VOLUNTARY INCOME
Support costs
| 31.7.21 | 31.7.20 |
|---|---|
| £ | £ |
| 55,857 | 86,768 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 July 2021 nor for the year ended 31 July 2020 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 July 2021 nor for the year ended 31 July 2020 .
6.
TANGIBLE FIXED ASSETS
| The Jaguar Plant and The Cody Building machinery Pavilion £ £ £ COST At 1 August 2020 81,966 - 61,750 Additions - 18,171 - At 31 July 2021 81,966 18,171 61,750 DEPRECIATION At 1 August 2020 27,172 - 61,750 Charge for year 2,738 1,817 - At 31 July 2021 29,910 1,817 61,750 NET BOOK VALUE At 31 July 2021 52,056 16,354 - At 31 July 2020 54,794 - - |
Totals £ 143,716 18,171 |
|---|---|
| 161,887 | |
| 88,922 4,555 |
|
| 93,477 | |
| 68,410 | |
| 54,794 |
Page 6
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
7. HERITAGE ASSETS
| Total £ MARKET VALUE At 1 August 2020 and 31 July 2021 159,582 PROVISIONS At 1 August 2020 125,232 Charge for year 13,184 At 31 July 2021 138,416 NET BOOK VALUE At 31 July 2021 21,166 At 31 July 2020 34,350 8. FIXED ASSET INVESTMENTS 31.7.21 31.7.20 £ £ Loans 14,273 14,273 Loans to group undertakings £ At 1 August 2020 and 31 July 2021 14,273 There were no investment assets outside the UK. 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.7.21 31.7.20 £ £ Other creditors 4,154 2,049 10. MOVEMENT IN FUNDS Net movement At 1.8.20 in funds At 31.7.21 £ £ £ Unrestricted funds General fund 310,614 45,201 355,815 TOTAL FUNDS 310,614 45,201 355,815 |
Total £ 159,582 |
Total £ 159,582 |
|---|---|---|
| 125,232 13,184 |
||
| 138,416 | ||
| 21,166 | ||
| 34,350 | ||
| 31.7.20 £ 14,273 |
||
| 355,815 |
Page 7
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 120,380 | (75,179) | 45,201 |
| TOTAL FUNDS | 120,380 | (75,179) | 45,201 |
| Comparatives for movement in funds | |||
| Net movement | |||
| At 1.8.19 | in funds | At 31.7.20 | |
| £ | £ | £ | |
| Unrestricted Funds | |||
| General fund | 333,126 | (22,512) | 310,614 |
| TOTAL FUNDS | 333,126 | (22,512) | 310,614 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement in | |
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 82,951 | (105,463) | (22,512) |
| TOTAL FUNDS | 82,951 | (105,463) | (22,512) |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement | |||
|---|---|---|---|
| At 1.8.19 | in funds | At 31.7.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 333,126 | 22,689 | 355,815 |
| TOTAL FUNDS | 333,126 | 22,689 | 355,815 |
Page 8
Farnborough Air Sciences Trust
Notes to the Financial Statements - continued for the Year Ended 31 July 2021
10. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 203,331 | (180,642) | 22,689 |
| TOTAL FUNDS | 203,331 | (180,642) | 22,689 |
Page 9
Farnborough Air Sciences Trust
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| INCOMING RESOURCES Voluntary income Donations Gift aid Grants Subscriptions Activities for generating funds Archive/Photo sales Tours Raffle Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Governance costs Accountancy Professional fees Short leasehold Plant and machinery Heritage asset 2 Support costs Management Rent - Centrifuge Insurance Light and heat Postage and stationery Sundries Bricks Waste Security Printing Cleaning IT Carried forward |
31.7.21 £ 73,868 8,000 17,907 12,604 112,379 3,700 4,285 - 7,985 16 120,380 1,583 - 2,738 1,817 13,184 19,322 25,000 3,493 6,726 1,005 60 379 700 2,909 1,835 600 1,368 44,075 |
31.7.20 £ 20,992 19,665 11,000 12,630 |
|---|---|---|
| 64,287 1,268 16,811 348 |
||
| 18,427 237 |
||
| 82,951 823 1,950 2,738 - 13,184 |
||
| 18,695 30,000 2,063 7,995 2,911 1,128 89 976 2,600 4,123 2,899 1,484 56,268 |
This page does not form part of the statutory financial statements
Page 10
Farnborough Air Sciences Trust
Detailed Statement of Financial Activities for the Year Ended 31 July 2021
| Management Brought forward Visits/Tours Advertising Office Costs Archive Photos Museum Displays Museum Maintenance FASTA talks Library Costs Workshop Finance Paypal Fees Credit Card Charges Total resources expended Net income/(expenditure) |
31.7.21 £ 44,075 - 894 1,393 135 2,746 5,271 - 856 53 55,423 51 383 434 75,179 45,201 |
31.7.20 £ 56,268 1,290 540 2,707 - 12,910 4,287 1,200 5,177 323 84,702 1,617 449 2,066 105,463 (22,512) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 11