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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Independent
Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet||6|to|7|
|Notes to the Financial Statements||8|to|14|
|Detailed Statement of Financial Activities||15|to|16|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|F|||F|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||2|55,968|4,500|60,468|34,310|
|Other trading
activities||3|12,882||12,882|29,848|
|Investment
income||4|6||6|12|
|Total|||68,856|4,500|73,356|64,170|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Delivery ofthe charities objects|||39,890|2,130|42,020|78,326|
|NET INCOME/(EXPENDITURE)|||28,966|2,370|31,336|(14,156)|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||24,050||24,050|38,206|
|TOTAL FUNDS CARRIED FORWARD|||53,016|2,370|55,386|24,050|
##
|||31AUGUST 2020|||
|---|---|---|---|---|
||||2020|2019|
|||Notes||F|
|FIXEDASSETS|||||
|Tangible assets|||30,815|36,248|
|CURRENT ASSETS|||||
|Stocks||10|2,524|4,158|
|Debtors||11|6,000|6,044|
|Cash at bank and|in hand||39,298|9,992|
||||47,822|20,194|
|CREDITORS|||||
|Amounts
falling due within one year||12|(9,210)|(12,958)|
|NET CURRENT ASSETS|||38,612|7,236|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||69,427|43,484|
|CREDITORS|||||
|Amounts
falling due after more than one year||13|(14,041)|(19,434)|
|NET ASSETS|||55,386|24,050|
|FUNDS||16|||
|Unrestricted
funds|||53,016|24,050|
|Restricted
funds|||2,370||
|TOTAL FUNDS|||55,386|24,050|
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||||||2020|2019|
|---|---|---|---|---|---|---|
||||||E||
|Donations|||||8,298|5,723|
|Gift aid|||||2,297|3,086|
|Grants|||||37,500|1,000|
|Subscriptions|||||5,331|2,725|
|Admissions|||||7,042|21,776|
||||||60,468|34,310|
|Grants received,|||included|in the above, are as follows:|||
||||||2020|2019|
|Pembrokeshire|||County Council|||1,000|
|Milford Haven||Port Authority|||1,500||
|Pembroke
Dock|||Town Council||||
||||||8,000||
|Maritime
Air|Trust||||3,000||
|Welsh Government|||||25,000||
||||||37,500|1,000|
|OTHER TRADING ACTIVITIES|||||||
||||||2020|2019|
|Fundraising|events||||2,978|9,176|
|Shop income|||||3,977|7,978|
|Sponsorships||||||440|
|Cafe income|||||4,698|11,517|
|Venue hire|||||700|318|
|Visitor services|||||529|419|
||||||12,882|29,848|
##
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|4.|INVESTMENT INCOME|FOR THE YEAR ENDED 31AUGUST 20|20||
|---|---|---|---|---|
||||2020|2019|
|||||E|
||Deposit account interest|||12|
|5.|NET INCOME/(EXPENDITURE)||||
||Net income/(expenditure)|is stated after charging/(crediting):|||
||||2020|2019|
||||E|F|
||Depreciation
- owned assets||5,433|6,389|
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|The average
monthly
number
o|f em|ployees
during
the year|was as follows:|||
|---|---|---|---|---|---|
|||||2020|2019|
|Administration
and management||||2|2|
|No employees
received emoluments||in excess of260,000.||||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL|||ACTIVITIES|||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
||||E|||
|INCOME AND ENDOWMENTS|FROM|||||
|Donations
and legacies|||34,310||34,310|
|Other trading
activities|||29,848||29,848|
|Investment
income|||12||12|
|Total|||64,170||64,170|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Delivery ofthe charities objects|||78,326||78,326|
|NET INCOME/(EXPENDITURE)|||(14,156)||(14,156)|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward|||38,206||38,206|
##
|||NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31AUGUST 2020|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31AUGUST 2020|NOTES TO THE FINANCIAL STATEMENTS -continued
FOR THE YEAR ENDED 31AUGUST 2020||
|---|---|---|---|---|---|
||COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued||||
||||Unrestricted|Restricted|Total|
||||fund|fund|funds|
|||||E|'Z|
||TOTAL FUNDS CARRIED FORWARD||24,050||24,050|
|9.|TANGIBLE FIXED|ASSETS||||
||||||Plant and|
||||||equipment|
||COST|||||
||At 1 September 2019and|||||
||31 August 2020||||89,197|
||DEPRECIATION|||||
||At 1 September 2019||||52,949|
||Charge for year||||5,433|
||At 31 August 2020||||58,382|
||NET BOOK VALUE|||||
||At 31 August 2020||||30,815|
||At 31 August 2019||||36,248|
||assets, both artifacts an|d Sunderland
Flying Boat T9044.|||
|---|---|---|---|---|
|10.|STOCKS||||
||||2020|2019|
||||E|F|
||Stocks||2,524|4,158|
|11.|DEBTORS".AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2020|2019|
||||E|E|
||Other debtors||6,000|6,044|
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|CREDITORS: AMOUNTS
FALLING DUE WITHIN ON|E YEAR||
|---|---|---|
||2020|2019|
||E|E|
|Trade creditors|1,517|2,081|
|Social security and other taxes||477|
|Creditcard|4,465|9,650|
|Accrued expenses|750|750|
|Deferred grants|2,478||
||9,210|12,958|
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|2020|2019|
|---|---|
||E|
|14,041|19,434|
|Minimum
lease payments
under non-cancellable
ope|rating
leases fall due as follows:||
|---|---|---|
||2020|2019|
|Within one year|6,000||
|Between one and five years|30,000||
|ln more than five years|180,000||
||216,000||
##
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|ANALY|SIS OF NET ASSETS B|ETWEEN FUNDS||||
|---|---|---|---|---|---|
|||||2020|2019|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
|||E|F|E||
|Fixed assets
Current assets
Current
liabilities
Long term liabilities||30,815
45,452
(9,210)
(14,041)|2,370|30,815
47,822
(9,210)
(14,041)|36,248
20,194
(12,958)
(19,434)|
|||53,016|2,370|55,386|24,050|
##
##
|MOVEMENT|IN FUNDS|||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1.9.19|in funds|31.8.20|
||||||E|||
|Unrestricted|funds|||||||
|General fund|||||24,050|28,966|53,016|
|Restricted funds||||||||
|Restricted
Fund||||||2,370|2,370|
|TOTAL FUNDS|||||24,050|31,336|55,386|
|Net movement|in funds,|included||in the above are as follows:||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||E|F||
|Unrestricted|funds|||||||
|General fund|||||68,856|(39,890)|28,966|
|Restricted funds||||||||
|Restricted
Fund|||||4,500|(2,130)|2,370|
|TOTAL FUNDS|||||73,356|(42,020)|31,336|
|Comparatives|for movement||in|funds||||
|||||||Net||
|||||||movement|At|
||||||At 1.9.18|in funds|31.8.19|
|||||||E||
|Unrestricted|funds|||||||
|General fund|||||38,206|(14,156)|24,050|
|TOTAL FUNDS|||||38,206|(14,156)|24,050|
|Comparative|net movement
in funds,
inc|luded
in the above are as follows:|||
|---|---|---|---|---|
|||Incoming|Resources|Movement|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||64,170|(78,326)|(14,156)|
|TOTAL FUNDS||64,170|(78,326)|(14,156)|
##
##
|A current|yea|r 12 months
and prior year|12 months
combined
position
is a|s follows:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.9.18|in funds|31.8.20|
||||E|||
|Unrestricted||funds||||
|General fund|||38,206|14,810|53,016|
|Restricted|funds|||||
|Restricted|Fund|||2,370|2,370|
|TOTAL FUNDS|||38,206|17,180|55,386|
|A current year 12 months
and prior year
above are as follows:|12 months
combined
net movem|ent
in funds,
|included
in|
|---|---|---|---|
||Incoming|Resources|Movement|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|133,026|(118,216)|14,810|
|Restricted funds||||
|Restricted
Fund|4,500|(2,130)|2,370|
|TOTAL FUNDS|137,526|(120,346)|17,180|
##
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##
##
||FOR THE YEAR ENDED|31AUGUST 2020||
|---|---|---|---|
|||2020|2019|
|INCOME AND|ENDOWMENTS|||
|Donations
and legacies||||
|Donations||8,298|5,723|
|Gift aid||2,297|3,086|
|Grants||37,500|1,000|
|Subscriptions||5,331|2,725|
|Admissions||7,042|21,776|
|||60,468|34,310|
|Other trading|activities|||
|Fundraising
events||2,978|9,176|
|Shop income||3,977|7,978|
|Sponsorships|||440|
|Cafe income||4,698|11,517|
|Venue hire||700|318|
|Visitor services||529|419|
|||12,882|29,848|
|Investment
income||||
|Deposit account interest|||12|
|Total incoming|resources|73,356|64,170|
|EXPENDITURE||||
|Charitable
activities||||
|Wages
Pensions
Purchases||10,129
229
3,879|31,402
1,092
3,836|
|Event costs||415|819|
|Cafe expenses||113|3,594|
|||14,765|40,743|
|Support costs||||
|Management||||
|Sundries||215|457|
|Accountancy||1,320|1,286|
|||1,535|1,743|
|Finance||||
|Creditcard
charges||2,054|2,013|
|Other||||
|Rates and water
Insurance
Carried forward||574
3,787
4,361|1,193
996
2,189|
##
|FOR THE YEAR ENDED|
31AUGUST 2020||
|---|---|---|
||2020|2019|
|Other|||
|Brought forward|4,361|2,189|
|Light and heat
Telephone
Postage and stationery|4,910
3,291
191|5,432
2,829
676|
|Subscriptions
and memberships|1,716|1,395|
|Small equipment
and repairs|3,085|1,231|
|Displays
and archive materials|328|3,267|
|Advertising
and marketing|1,772|6,153|
|Training||140|
|Cleaning|696|1,275|
|Rent
Fire prevention
and security|679
119|6,000
280|
|Equipment
depreciation
Release of capital grants|5,433
(2,915)|6,389
(3,429)|
||23,666|33,827|
|Total resources expended|42,020|78,326|
|Net income/(expenditure)|31,336|(14,156)|