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|---|---|---|---|---|
|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|
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|||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|
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||||||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|
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|||||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|
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|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||
##
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|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|
##
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##
|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|
##
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##
|||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|