Registered number: 05639463
Charity number: 1115243
THE BENTLEY PRIORY BArrLE OF
BRITAIN TRUST
(A Company Limited by Guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
CONTENTS
Page
Reference and Administrative Details of the Company, its Trustees and Advisers
Trustees, Report
Independent Examiner's Report
Statement of Financlal Activitles
Balance Sheet
10
Notes to the Financial Statements
11-26

THE BENTLEY PRIORY BATTLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees (who are also directors of the charity for the purpose of the Companies Act) present their annual
report together with the financial statements of The Bentley Priory Battle of Britain Trust (the company) for the
year 1 January 2021 to 31 December 2021. The Annual Report serves the purposes of both a Trustees, report
and a directors, report under company law. The Trustees confirm that the Annual Report and financial
statements of the charitable company comply with the current statutory requirements, the requirements of the
charitable companrfs goveming document and the provisions of the Statement of Recommended Practice
(SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the company qualifies as small under section 382 of the Companies Act 2006, the Strategic Report
required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors,
Report) Regulations 2013 has been omitted.
Structure, Governance and Management
a. Constitution
Bentley Priory Battle of Britain Trust is a company limited by guarantee governed by its Memorandum and
Articles of Association dated 29 November 2005, as amended by a written resolution on 11 July 2006. It is
registered with the Charities Commission, registered number 1115243 with effect from 12 July 2006. Anyone can
become a member of the Company, if approved by the board of trustees, and there are currently 11 members,
each of whom agree to contribute £10 in the event of the charity winding up.
b. Method of Appointment or Election of Trustees
As set out in the Articles of Association the Chair of Trustees must be a trustee who should be a retired officer of
the Royal Air Force in the rank of at least Air Vice-marshal. If no such person is, in the opinion of the Directors,
suitable or no such person is available then at the Directors, discretion the chairman may be a Director who is a
retired officer of the Royal Air Force.
Following the first Annual General Meeting where all directors must retire from office, one third of the directors
retire by rotation at subsequent Annual General Meetings. Trustees are eligible for re-election. New Trustees are
appointed at the recommendation of the Board of Trustees and all members are circulated with invitations to
nominate trustees prior to the AGM.
c. Rlsk Management
The Trustees regularly examine the risk register whlch records the major strategic, business and operational
risks that the charity faces. Trustees carefully monitor the income and expenditure of the Museum at Executive
Committee and Board level to ensure financial stability and sustainability. The Risk Register is updated regularly
and used to identify early warning of trends and to make strategic decisions at Trustee meetings.
Page 2

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, Governance and Management (continued)
d. Organisational Structure and Decision Making
The Board of Trustees administers the charity. The minimum number of Trustees is 2, and the Trust is fortunate
to have an experienced, strong board of 11 Trustees, who bring a wide range of skills to the organisation. A
Skills Matrix of Trustees is regularly updated.
On 28 July 2014, the Trustees endorsed the formation of an Executive Committee, to provide the Museum
Director with an interface between the operational management of the museum and the strategic govemance
provided by trustees.
The Executive Committee currently consisting of 5 Trustees and the Museum's Director. While strategic
govemance is effected by the Trustee Board, the Museum Director has delegated authority to manage the
museum operation and the associated resources in order to meet the annual objectives set by the Trustee
Board. The Executive Committee of Trustees gives operational oversight and support.
Routinely, the Executive Committee meet monthly. The Executive Committee can authorise additional
expenditure beyond that endorsed by Trustees in the annual budget, which itself is based on the five-year
business plan, subject to affordability, up to £5,000 per quarter for running costs and £10,000 per quarter for
capital expenditure.
Objectives and Activities
Bentley Priory Battle of Britain Trust was founded at the request of the Battle of Britain Fighter Association, with a
primary objective to create a Museum at Bentley Priory - Headquarters Fighter Command during the Battle of
Britain.
After 5 years of planning, fundraising, restoration and curation of accessible and engaging exhibitions, Bentley
Priory Museum was officially opened in September 2013, by HRH Prince of Wales, Patron of the Trust's
fundraising appeal.
The Museum aims to raise awareness of the important history of Bentley Priory, focusing on its pivotal role
during the Battle of Britain as Headquarters Fighter Command, through facilitating engagement with the
Museum's unique collection and architecture. The Museum's narrative focuses on 'The One,, Air Chief Marshal
Sir Hugh Dowding, 'The Few,, Battle of Britain aircrew, and 'The Man￿, those on the ground whose work was
vital to victory.
The Trustees consider that they have complied with the duty in section 17(5) of the 2011 Charities Act to have
due regard to Charity Commission guidance on public benefit.
Page 3

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Structure, Governance and Management (continued)
. Impact of Covid 19 Pandemlc
In line with Govemment instructions and the rise of the Delta variant of COVID, the Museum closed its doors to
visitors in December 2020. Museums were instructed to remain closed, until 17 May 2021. Bentley Priory
Museum re-opened its doors to visitors on 19 May 2021
Between January - March, Museum staff were placed on rotationallpartial furlough, enabling the continuation of
essential checks and maintenance of the Museum, and online engagement of visitors and support of volunteers.
Online Friday Moming Talks were well received during the Museum's physical closure, engaging 649 people.
The financial survival of the Museum was dependent on COVID Grants. These included £22,831 from
Government COVID Grants administered through Harrow Council. This figure includes £5,475 of Lockdown and
Tier 2 grants from October to December 2020 that were paid in 2021. The Govemment also gave a Restart
Grant of £18,000 which was received in June 2021. There was a further £6,000 grant in May 2022 as
compensation for the Omicron restrictions. In April 2021 the Museum secured £57,800 grant from the Second
Round of the Culture Recovery Fund for Heritage. The Cultural Recovery Fund grant covered staff and core
operational costs from April to June 2021, which enabled the Museum to focus on the recovery and re-opening
of the Museum. Through the grant, the Museum was able to create new recorded audio tours for visitors in
response to lower numbers of volunteers supporting interpretation in the Museum than before COVID, and also
equipment to enable live streaming of online talks. The Trust also secured £19,716 from a Business Interruption
Insurance Claim from COVID closures.
Museum Re-opening & Recovery
From 19 May 2022 when the Museum re-opened, COVID safety 'restrictions' were re-introduced, including pre-
booked tickets on designated timeslots, restricted number of admissions to enable social distancing and a
reduced café menu through table service, rather than counter.
The Museum initially opened 2 public open days a week (Wednesdays and Saturdays), increasing to 3 days a
week (Wednesdays, Fridays and Saturdays) from September 2021, with 2 days reserved for School visits and
Groups. (Pre-COVID, the Museum's public open days were 4 days a week).
Between May and December 2021, the Museum welcomed 4,182 visitors, generating an income of £27,495.
Whilst some school visits were cancelled due to the on-going impact of COVID-19, the Museum welcomed 363
school students, who engaged with the Museum's important heritage through socially distanced workshops, in
the Museum's well ventilated Learning Centre.
Whilst admissions were lower than pre-COVID levels, the growth of visitor confidence was evident, with the
retum of individuals, families, small groups and schools. The demographic notably not returning in this period
were large-organised groupslcoach parties.
The Museum was able to offer visitors the new recorded audio tour, narrated by the Chair, AM Cliff Spink, with
historical information recorded by 13 volunteers, which received overwhelming positive feedback from visitors
and volunteers.
Page 4

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Achievements and performance
a. Audlence Engagement & Development
The 'Bentley Priory Bunker, Project, funded by the National Lottery for Heritage was completed in 2021, with
pennanent interpretation at the Bunker Entrance, the creation of a new Bunker Trail for families, new Cold War
Schools Workshop for Secondary Schools to plot a nuclear fallout, and 'Bunker Backpacks, for Early Years
children and their families which were co-designed by students at Harrow College.
The final elements of enhancing interpretation and access in the galleries, as part of the LIBOR project, were
completed. This included the impressive re-curation of the Filter Room in response to volunteer, visitor and
stakeholder feedback, with new interpretation panels giving greater focus to the WAAF who served within the
Dowding System, and a hands-on interactive to learn how to plot a raid on the Filter Room map.
Community engagement continued through a successful Friday Moming Talks Programme at the Museum and
online, and the Battle of Britain Commemorative Day in September. Family activities continued to be delivered
through-out the school holidays, including 'Operation Secret Garden, during the summer holidays linking in with
the new Cold War interpretation at the Bunker. During October half-tem, families took part in Halloween
activities and a Haunted House Tour and in December, the popular'meet Father Christmas, retumed.
Financial review
Visitor admissions of 4,182 generated an income of £27,495, with secondary expenditure of £5,250 in the shop
and £11,145 in the café. Venue hire generated £6,674 and the Endowment Fund showed signs of recovery
giving the Museum £100,000.
Financial survival of the Museum, however, was dependent on the furlough scheme and extemal grants
including £26,805 from the Cultural Recovery Fund grant.
Identified Challenges for 2022
In December, the Museum's Operation Manager resigned after 7 years in the post. As the only full-time staff
post, careful recruitment for an experienced replacement will be critical for the on-going successful management
of day-to-day operations.
Whilst visitor confidence grew with visitors retuming to the Museum, admissions in 2021 were noticeably not at
pre-COVID levels (particularly large group visits). The challenge for 2022 will therefore be ensuring the
Museum's financial recovery, without COVID grants to support it.
a. Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
b. Key Flnanclal Perfomiance Indlcators
In the sixth full year of operations, the Museum generated income from admissions, the café, shop, venue hire,
fundraising and the Endowment Fund.
Overall income was in line with financial targets revised in year in response to COVID.
Page 5

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
c. Reserves
At the AGM on 16 July 2016 Trustees agreed and adopted a Reserves Policy which in accordance with the
requirements of the Charity Commission takes account of:
a major and expensive disruption to our operation;
a degradation in revenue that ultimately leads to the failure of the museum;
the routine replacement of the interpretation equipment and display material.
The interim total level of reserves for 2017 was set at £100,000 with the expectation of an increase to £200,000
in future years provided that the Museum's core revenue streams reach their growth targets.
At the AGM on 20 September 2021, in response to the real threats to small museum's from COVID, the Trust
further agreed that there was a requirement to fvrther develop the Reserves Policy. It was agreed that there
should be:
A designated maintenance fund of £100,000 to meet the routine replacement and maintenance of fixtures and
fittings and interpretation and display material
A Designated Closure Reserve of £100,000 which would enable the Trust to meet govemance, employment and
lease obligations in the event of closure.
The Trust had total reserves at 31 December 2021 of £901,284.
LIBOR Funding is accounted for in a separate designated fund, the LIBOR Fund. The balance on this fund at 31
December 2021 was £281,805. In addition to the LIBOR Fund is the Bunker HLF Fund, also restricted, which
held a balance of £15,228.
A designated fund of £30,000 as seed funding for a future development of the Operations Room.
All other funds amounting to £374,251 are general unrestricted funds.
Page 6

THE BENTLEY PRIORY BATTLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2021
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the company for the purposes of company law) are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the state of affairs of the company and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles of the Charities SORP (FRS 102);
make judgements and accounting estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the companls transactions and disclose with reasonable accuracy at any time the financial position of the
company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by.
Commander E Ferguson RAF, Secretary
Date: 28 September 2022
Page 7

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
Independent Examinerfs Report to the Trustees of The Bentley Priory Battle of Britain Trust ('the
company,)
I report to the charity Trustees on my examination of the accounts of the company for the year ended 31
December 2021.
Responsibilities and Basis of Report
As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of the CoMpan￿S
accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act,). In carying out my examination
I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent Examiner's Statement
Since the companvs gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act;
or
the accounts do not accord with those records; or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of
an independent examination: or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities [applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (FRS 102)].
I have no concems and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 28 September 2022
Roland Parry FCA
Magee Gammon Corporate Limited
Henwood House
Henwood
Ashford
Kent
TN24 8DH
Page 8

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Total
funds
2020
Note
Income from:
Donations and legacies
Charitable activities
Investments
Other income
64,833
160,956
2,902
23,007
91,924
156,757
160,956
2,902
23,007
95,428
92, 783
4, 120
4,201
Total income
251,698
91,924
343,622
196,532
Expenditure on:
Charitable activities
314,623
36,190
350,813
420,465
Total expenditure
314,623
36,190
350,813
420,465
Net (expenditure)lincome
(62,925)
55,734
(7,191)
(223, 933)
Transfers between funds
16
72,035
(72,035)
Net movement in funds
9,110
(16,301)
(7,191)
(223, 933)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
595,141
9,110
313,334
(16,301)
908,475
(7,191)
1,132,408
(223,933)
Total funds carried forward
604,251
297,033
901,284
908,475
The notes on pages 11 to 26 form part of these financial statements.
Page 9

ThE BENTLEY PRK>RY BATfLE OF BR[r￿1 TRUST
(A Cofflpany Urnll•d ty G￿rnrtm>
REGISTERED NUhlBEIL. 05639463
BA￿CE SHEEr
AS AT 31 DECEIABER 2021
20
Not•
2020
Flx•d as•ts
11
243J56
12
13
Debtor3
Cash wxl in harKI
14220
27.170
635,897
15.419
677287
14
(19,959)
(2Q339)
657J28
624.0
Total n•t a•g•ts
901384
475
Charlty fimd•
16
16
297.033
311334
141
Total fund•
901284
SV475
mwnbers have fX>t required tho (xjmpary lo otAth ￿ AKIII for yw n qU•sti(￿ in K¢ordm
Ofrknon CBE
(Chair
Dalo: 28 Sop mber2022
The FMPS 11 b 26 forni part d tr￿8• fmaKial slaterrnrts.
Pa98 10

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
General inforniation
The Bentley Priory Battle of Britain Trust, a charitable trust, incorporated in England and Wales under
company number 05639463, registered with the Charity Commission under charity number 1115243. The
registered office of the charity is Bentley Priory Museum, Mansion House Drive, Stanmore, Middlesex,
HA7 3FB.
The company is limited by guarantee. The members of the company are the trustees named on page 1. In
the event of the company being wound up, the liability in respect of the guarantee is limited to £10 per
member of the company.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Bentley Priory Battle of Britain Trust meets the definition of a public benefft entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounting policy.
Page11

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies (continued)
2.2 Income
All income is recognised once the company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on estsblishing entitlement, the probability of
receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of
entitlement to a legacy exists when the company has sufficient evidence that a gift has been left to
them (through knowledge of the existence of a valid will and the death of the benefactor) and the
executor is satisfied that the propety in question will not be required to satisfy claims in the estate.
Receipt of a legacy must be recognised when it is probable that it will be received and the fair value
of the amount receivable, which will generally be the expected cash amount to be distributed to the
company, can be reliably measured.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of
income received for specific purposes but not expended during the period is shown in the relevant
funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its
recognition is deferred and included in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Where the donated good is a fixed asset, it is measured at fair value, unless it is impractical to
measure this reliably, in which case the cost of the item to the donor should be used. The gain is
recognised as income from donations and a corresponding amount is included in the appropriate
fixed asset class and depreciated over the useful economic lrfe in accordance with the company's
accounting policies.
On receipt, donated professional services and facilities are recognised on the basis of the value of
the gift to the company which is the amount it would have been willing to pay to obtain services or
facilities of equivalent economic benefit on the open market. a corresponding amount is then
recognised in expenditure in the period of receipt.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have
been provided or on completion of the service.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
company's objectives, as well as any associated support costs.
Page 12

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies (continued)
2.3 Expenditure (continued)
All expenditure is inclusive of irrecoverable VAT.
2.4 Government grants
Govemment grants relating to tangible fixed assets are treated as deferred income and released to
the Statement of Financial Activities over the expected useful lives of the assets concemed. Other
grants are credited to the Statement of Financial Activities as the related expenditure is incurred.
2.5 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capitalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tsngible
fixed assets are measured at cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred to bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following bases:
Plant and machinery
Fixtures and fittings
Office equipment
Between 3 years and 6 years straight line
Between 3 years and 25 years straight line
33 % straight line
2.6 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed
and variable overheads.
2.7 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 13

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Llmited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Accounting policies (continued)
2.9 Liabilities and provislons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.10 Financial instruments
The company only has financial assets and financial liabilities of a kind that qualrfy as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Pensions
The company operates a defined contribution pension scheme and the pension charge represents
the amounts payable by the company to the fund in respect of the year.
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 14

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from grants, donations and legacies
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Donations
Grants
Government grants
9,180
21,407
34,246
9,180
113,331
34,246
91,924
64,833
91,924
156,757
Unrestricted
funds
2020
Restricted
funds
2020
Total
funds
2020
Donations
Grants
Government grants
3,281
3,281
34,250
57,897
34,250
57,897
61,178
34,250
95,428
Page 15

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Income from charitable activities
Unrestricted
funds
2021
Total
funds
2021
Museum entrance income
Endowment income
Shop and catering income
Room hire and event income
27,495
100,000
26,787
6,674
27,495
100,000
26,787
6,674
160,956
160,956
Unrestricted
funds
2020
Total
funds
2020
Museum entrance income
Endowment income
Shop and catering income
Room hire and event income
20,880
50,000
19,699
2,204
20,880
50,000
19,699
2,204
92, 783
92, 783
Investment income
Unrestricted
funds
2021
Total
funds
2021
Interest received
2,902
2,902
Unrestricted
funds
2020
Total
funds
2020
Interest received
4,120
4,120
Page 16

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Other incoming resources
Unrestricted
funds
2021
Total
funds
2021
Outreach programme
Partial exemption VAT recoupment
Royalties
Business interruption claim
229
229
3,030
32
3,030
32
19,716
19,716
23,007
23,007
Unrestricted
funds
2020
Total
funds
2020
Outreach programme
Partial exemption VAT recoupment
Royalties
11
4,131
59
11
4,131
59
4,201
4,201
Analysis of expenditure by activities
Support
costs
2021
Total
funds
2021
Museum costs
350,813
350,813
Support
costs
2020
Total
funds
2020
Museum costs
420,465
420,465
Page 17

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Analysis of expenditure by activities (continued)
Analysis of support costs
Total
funds
2021
Activities
2021
Staff costs
Depreciation
Insurance
Maintenance costs
Rates and utility bills
Administration and office expenses
Leaming centre activities
Museum costs
Marketing costs
Accountancy fees
Independent examination fees
125,481
86,995
23,451
27,015
9,749
25,041
3,960
33,729
2,257
10,295
2,840
125,481
86,995
23,451
27,015
9,749
25,041
3,960
33,729
2,257
10,295
2,840
350,813
350,813
Total
funds
2020
Activities
2020
Staff costs
Depreciation
Insurance
Maintenance costs
Rates and utility bills
Administration and office expenses
Learning ￿ntre activities
Museum costs
Marketing costs
Accountancy fees
Independent examination fees
141,880
99,812
22,408
58,602
14,251
24,421
8,605
31,082
8,509
8,715
2,180
141,880
99,812
22,408
58, 602
14,251
24,421
8,605
31,082
8,509
8,715
2,180
420,465
420,465
Independent examiner's remuneration
The independent examinerfs remuneration amounts to an independent examiner fee of £2,840 (2020 -
£2, 180).
Page 18

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2020- £NIL).
During the year ended 31 De￿mber 2021, no Trustee expenses have been incurred (2020- £NIL).
10. Staff costs
Staff costs were as follows..
2021
2(T20
Wages and salaries
Social security costs
Pension costs
117,775
4,369
3,337
130,123
7,478
4,279
125,481
141,880
In the year the charity employed an average of 7 employees (2020: 8 employees).
Page 19

THE BENTLEY PRIORY BA￿LE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
11. Tangible fixed assets
Plant and Fixtures and
machinery
fittings
Office
equlpment
Total
Cost or valuation
At 1 January 2021
Additions
134,636
29,887
991,541
12,809
22,389
3,810
1,148,566
46,506
At 31 December 2021
164,523
1,004,350
26,199
1,195,072
Depreciation
At 1 January 2021
Charge for the year
114,304
21,294
728,797
63,421
21,020
2,280
864,121
86,995
At 31 December 2021
135,598
792,218
23,300
951,116
Net book value
At 31 December 2021
28,925
212,132
2,899
243,956
At 31 December 2020
20,332
262, 744
1,369
284,445
12. Stocks
2021
2020
Finished goods
14,220
15,419
13. Debtors
2021
2020
Other debtors
Prepayments and accrued income
5,670
21,500
18.085
20,379
27,170
38,464
Page 20

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. Creditors: Amounts falling due within one year
2021
2020
Trade creditors
Other taxation and social security
Pension fund loan payable
Accruals and deferred income
1,414
4,660
3,388
944
11,347
903
17,642
19,959
20,339
15.
Financial instruments
2021
2020
Financial assets
Financial assets measured at fair value through income and expenditure
635,897
590,486
Financial assets measured at fair value through income and expenditure comprise of cash at bank and in
hand.
Page 21

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds
Statement of funds - current year
Balance at
31
December
2021
Balance at 1
January
2021
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
Perpetual Maintenance Fund
Closure Reserve
Operations Room
100,000
100,000
100,000
30,000
100,000
30,000
100,000
130,000
230,000
General funds
General Funds
495,141
251,698
(314,623)
(57,965)
374,251
Total Unrestricted funds
595,141
251,698
(314,623)
72,035
604,251
Restricted funds
The Ministry of Defence
(LIBOR)
NLHF Bunker Project
301,076
12,258
(8,355)
(27,835)
(10,916)
(61,119)
281,805
15,228
91,924
313,334
91,924
(36,190)
(72,035)
297,033
Total of funds
908,475
343,622
(350,813)
901,284
Page 22

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
16. Statement of funds (continued)
Statement of funds - prior year
Balance at
31
December
2020
Balance at
1 January
2020
Transfers
in/out
Income Expenditure
Unrestricted funds
Designated funds
Perpetual Maintenance Fund
100,000
100,000
General funds
General Funds
682,854
162,282
(393, 755)
43, 760
495,141
Total Unrestricted funds
782,854
162,282
(393, 755)
43, 760
595, 141
Restricted funds
The Ministry of Defence
(LIBOR)
NLHF Bunker Project
349,554
(19,306)
(7,404)
(29, 172)
(14,588)
301,076
12,258
34,250
349, 554
34,250
(26,710)
(43, 760)
313,334
Total of funds
1, 132,408
196,532
(420,465)
908,475
Page 23

THE BENTLEY PRIORY BAThLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
17. Description of funds
The Minist of Defence
LIBOR
Restricted Fund
LIBOR funding from the Ministry of Defence (MOD) on behalf of Her Majestys Treasury (HMT) to enable
the enhancement of the Museum's Leaming Centre, develop the Schools Leaming Resource and to
subsidise school lessons. The transfer in the year is to reimburse the unrestricted fund for capital
expenditure and staff costs paid for on behalf of this restricted fund. During the year a transfer of £10,916
was made to the general fund to re-imburse asset and wage expenses suffered by the general fund, on
behalf of this restricted fund.
The National Lotte
Herita
e Fund
Restricted Fund
The Bunker fvnding from the National Lottery Fund for Heritage is a grant to deliver a project, focusing on
the changing role of the Bentley Priory Bunker and those who worked underground in it from World War 2
to the Cold War. The transfer in the year is to reimburse the unrestricted fund for capital expenditure and
staff costs paid for on behalf of this restricted fund. During the year a transfer of £61,119 was made to the
general fvnd to re-imburse asset and wage expenses suffered by the general fund. on behalf of this
restricted fund.
Per
etual Maintenance Fund
Desi
nated Fund
In 2017 the trustees set up this designated fund to cover the Charitys running costs in the event of a
major disruption.
Closure Fund
Desi
nated Fund
In 2021 the trustees set up this designated fund, of £100,000, which would enable the Trust to meet
governance, employment and lease obligation in the event of closure.
erations Room Fund
Desi
nated Fund
A desginated fvnd of £30,000 has been set towards the funding for future developments of the Operations
Room, by the trustees. in the year .
18. Summary offunds
Summary of funds - current year
Balance at
31
December
2021
Balance at 1
January
2021
Transfers
inlout
Income Expenditure
Designated funds
General funds
Restricted funds
100,000
495,141
313,334
130,000
(57,965)
(72,035)
230,000
374,251
297,033
251,698
91,924
(314,623)
(36,190)
908,475
343,622
(350,813)
901,284
Page 24

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
18. Summary of funds (continued)
Summary of funds - prior year
Balance at
31
December
2020
Balance at
1 January
2020
Transfers
in/out
Income Expenditure
Designated funds
General funds
Restricted funds
100,000
682, 854
349,554
100,000
495, 141
313,334
162,282
34,250
(393, 755)
(26, 710)
43, 760
(43, 760)
1,132,408
196,532
(420,465)
908,475
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
Unrestricted Restricted
funds
funds
2021
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due within one year
243,956
380,254
(19,959)
243,956
677,287
(19,959)
297,033
Total
604,251
297,033
901,284
Analysis of net assets between funds - prior year
Unrestricted
funds
2020
Restricted
funds
2020
Total
funds
2020
Tangible fixed assets
Current assets
Creditors due within one year
284,445
331,035
(20,339)
284,445
644,369
(20,339)
313,334
Total
595, 141
313,334
908,475
Page 25

THE BENTLEY PRIORY BArrLE OF BRITAIN TRUST
(A Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
20. Pension commitments
The trust operates a defined contribution pension scheme. The assets of the scheme are held separately
from those of the trust in an independently administered fund. The pension cost charge represents
contributions payable by the trust to the fund and amounted to £3,337 (2020 £4,279). Contributions
totalling £903 (2020 £944) were payable to the fund at the balance sheet date and are included in
creditors.
21. Related party transactions
During the year the project management costs totalling £10,250 (2020: £20,395) were paid to Ferguson
Management Solutions Limited for services covering the period of the Director's matemity leave, a
company which Wing Commander E J Ferguson RAF is a director.
Page 26