2021-08-31-accounts

			Page
Report ofthe Trustees		1	to	5
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet		8	to	9
Notes to the Financial Statements		10	to	16
Detailed Statement ofFinancial Activities		17	to	18

		BALANCE SHEET
		31AUGUST 2021
			2021	2020
		Notes	F	f.
FIXEDASSETS
Tangible assets		10	26,199	30,815
CURRENT ASSETS
Stocks		11	2,267	2,524
Debtors		12	7,600	6,000
Cash at bank and	in hand		37,680	39,298
			47,547	47,822
CREDITORS
Amounts falling due within one year		13	(6,125)	(9,210)
NET CURRENT ASSETS			41,422	38,612
TOTAL ASSETS	LESSCURRENT LIABILITIES		67,621	69,427
CREDITORS
Amounts falling due after more than one year		14	(11,935)	(14,041)
NET ASSETS			55,686	55,386
FUNDS		17
Unrestricted funds			55,686	53,016
Restricted funds				2,370
TOTAL FUNDS			55,686	55,386

		FOR	THE YEAR E	NDED 31 AUGU	ST 2021
						2021	2020
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes	F		F
INCOME AND ENDOWMENTS		FROM
Donations and legacies				53,589	5,543	59,132	60,468
Other trading activities Investment income				8,377 6		8,377 6	12,882 6
Total				61,972	5,543	67,515	73,356
EXPENDITURE ON
Raising funds
Charitable activities
Delivery of the charities objects				61,671	5,543	67,214	42,020
Total				61,672	5,543	67,215	42,020
NET INCOME				300		300	31,336
RECONCILIATION OF FUNDS
Total funds brought	forward			53,016	2,370	55,386	24,050
TOTAL FUNDS CARRIED FORWARD				53,316	2,370	55,686	55,386

					2021	2020
					F	F
Donations					5,906	8,298
Gift aid					944	2,297
Grants					42,344	37,500
Subscriptions					1,600	5,331
Admissions					8,338	7,042
					59,132	60,468
Grants received,		included		in the above, are as follows:
					2021	2020
					F	F
Pembrokeshire		County	Council		1,801
Milford Haven	Port Authority					1,500
Pembroke Dock		Town	Council		6,000	8,000
Maritime Air Trust						3,000
Welsh Government					9,000	25,000
Kickstart					5,543
Pembrokeshire		County	Council - Covid grants		20,000
					42,344	37,500

		2021	2020
		F
Fundraising	events	714	2,978
Shop income		3,001	3,977
Cafe income		3,624	4,698
Venue hire		988	700
Visitor services		50	529
		8,377	12,882

				2021	2020
				F	E
	Deposit account interest
5.	RAISING FUNDS
	Raising donations	and	legacies
				2021	2020
				E	F
	Support costs
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)		is stated after charging/(crediting):
				2021	2020
					F
	Depreciation -owned assets			4,616	5,433

The average monthly number o	femp	loyees during the year	was as follows:
				2021	2020
Administration and management				3	2
No employees received emoluments		in excess ofE60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
			F	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies			55,968	4,500	60,468
Other trading activities Investment income			12,882 6		12,882 6
Total			68,856	4,500	73,356
EXPENDITURE ON
Charitable activities
Delivery of the charities objects			39,890	2,130	42,020
NET INCOME			28,966	2,370	31,336

		NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2021
	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			fund	fund	funds
			F	F	F
	RECONCILIATION	OF FUNDS
	Total funds brought forward		24,050		24,050
	TOTAL FUNDS CARRIED FORWARD		53,016	2,370	55,386
10.	TANGIBLE FIXED	ASSETS
					Plant and
					equipment
					F
	COST
	At 1 September 2020 and 31 August 2021				89,197
	DEPRECIATION
	At 1 September 2020 Charge for year				58,382 4,616
	At 31 August 2021				62,998
	NET BOOK VALUE
	At 31 August 2021				26,199
	At 31 August 2020				30,815

	As stated in the accounting	As stated in the accounting	policies	no amount	is included	in fixed assets	for the value	of heritage	assets,	both
	artifacts and Sunderland	Flying Boat		T9044.
11.	STOCKS
							2021		2020
									F
	Stocks							2,267	2,524
12.	DEBTORS: AMOUNTS	FALLING DUE WITHIN			ONE YEAR
							2021		2020
								F	F
	Trade debtors							1,250
	Other debtors							6,000	6,000
	Prepayments							350
								7,600	6,000

CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2021	2020
		F	F
Trade creditors		3,798	1,517
Creditcard		221	4,465
Accrued expenses			750
Deferred grants		2,106	2,478
		6,125	9,210
CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
		2021	2020
		F	F
Deferred grants		11,935	14,041

Minimum lease payments under non-cancellable operating	leases fall due as follows:
	2021 F	2020 f
Within one year		6,000
Between one and five years		30,000
In more than five years		180,000
		216,000

ANALY	SIS O	F NET ASSETS BETWE	EN FUNDS
					2021	2020
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
			F	F	F	F
Fixed assets			26,199		26,199	30,815
Current	assets		47,547		47,547	47,822
Current	liabilities		(6,125)		(6,125)	(9,210)
Long term liabilities			(11,935)		(11,935)	(14,041)
			55,686		55,686	55,386
MOVEMENT		IN FUNDS
					Net
					movement	At
				At 1.9.20	in funds	31.8.21
				F	F	F
Unrestricted		funds
General	fund			53,016	2,670	55,686
Restricted funds
Restricted Fund				2,370	(2,370)
TOTAL	FUNDS			55,386	300	55,686

Net movement	in funds, includ	ed in the above are as fo	llows:
			Incoming	Resources	Movement
			resources	expended	in funds
			F	F
Unrestricted	funds
General fund			61,972	(59,302)	2,670
Restricted funds
Restricted Fund			5,543	(7,913)	(2,370)
TOTAL FUNDS			67,515	(67,215)	300
Comparatives	for movement	in funds
				Net
				movement	At
			At 1.9.19	in funds	31.8.20
			F	F
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

Comparative	net moveme	nt in funds, included in th	e above ar	e as foll	ows:
					Incoming	Resources	Movement
					resources	expended	in funds
					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
A current year	12 months	and prior year 12months	combined	position	is as follows:
						Net
						movement	At
					At 1.9.19	in funds	31.8.21
					F	F
Unrestricted	funds
General fund					24,050	3'l,636	55,686
TOTAL FUNDS					24,050	31,636	55,686

A current year 12 months and prior year 12 follows:	months combined net movement in fun	ds, included in t	he above are
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	130,828	(99,192)	31,636
Restricted funds
Restricted Fund	10,043	(10,043)
TOTAL FUNDS	140,871	(109,235)	31,636

		2021f	2020f
INCOME AND ENDOWMENTS
Donations and	legacies
Donations		5,906	8,298
Gift aid		944	2,297
Grants		42,344	37,500
Subscriptions		1,600	5,331
Admissions		8,338	7,042
		59,132	60,468
Other trading activities
Fundraising events		714	2,978
Shop income		3,001	3,977
Cafe income		3,624	4,698
Venue hire		988	700
Visitor services		50	529
		8,377	12,882
Investment income
Deposit account	interest
Total incoming	resources	67,515	73,356
EXPENDITURE
Charitable activities
Wages		25,335	10,129
Pensions		655	229
Purchases		1,044	3,879
Event costs		116	415
Cafe expenses		1,438	113
		28,588	14,765
Support costs
Management
Sundries		101	215
Accountancy		1,540	1,320
Consultancy		2,499
		4,140	1,535
Finance
Creditcard charges		792	2,054
Other
Rates and water		351	574
Insurance		3,997	3,787
Light and heat		4,579	4,910
Telephone		1,902	3,291
Carried forward		10,829	12,562

		FOR THE YEAR ENDED	31 AUGUST 2021
			2021	2020
			E
Other
Brought forward			10,829	12,562
Postage and stationery			747	191
Subscriptions	and memberships		2,293	1,716
Small equipment		and repairs	10,071	3,085
Displays and	archive materials		432	328
Advertising and		marketing	680	1,772
Cleaning			801	696
Rent			5,092	679
Fire prevention		and security	612	119
Equipment depreciation			4,616	5,433
Release of capital grants			(2,478)	(2,915)
			33,695	23,666
Total resources	expended		67,215	42,020
Net income			300	31,336