2020-12-31-accounts - Airborne Assault Limited

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		Page
Report ofthe Trustees		1 to	12
Report ofthe Independent	Auditors	13 to	15
Statement ofFinancial Activities		16
Balance Sheet		17 to	13
Notes to the Financial Statements		19 to	32

					2020	2019
		Unrestricted	Restricted		Total	Tota I
		funds	funds	PRAFMT	funds	funds
	Notes	f	f	f	f	E
INCOME AND ENDOWMENTS
FROM
Donations and legacies		93,535	22,174		115,709	131,554
Charitable activities
Research and archive visits		1,330			1,330	1,869
Other trading activities		1,875			1,875	32,731
Investment income		673			673	667
Total		97,413	22,174		119,587	166,821
EXPENDITURE ON
Raising funds		534			534	25,118
Charitable activities	6
Museum running		110,845	29,381	39,064	179,290	187,263
Total		111,379	29,381	39,064	179,824	212,381
NET INCOME/(EXPENDITURE)		(13,966)	(7,207)	(39,064)	(60,237)	(45,560)
RECONCILIATION OF FUNDS
Total funds brought forward		176,195	62,553	826,940	1,065,688	1,111,248
TOTAL FUNDS CARRIED
FORWARD		162,229	55,346	787,876	1,005,451	1,065,688

						2020	2019
		Unrestricted	Restricted			Total	Total
		funds	funds		PRAFMT	funds	funds
	Notes	6	6		f	f	E
FIXEDASSETS
Intangible assets	12	67,023				67,023	67,828
Tangible assets	13	6,147			758,407	764,554	801,635
Investments	14	1				1	1
		73,171			758,407	831,578	869,464
CURRENT ASSETS
Stocks	15	968				968	968
Debtors	16	111,889		452		112,341	173,890
Cash at bank and in hand		80,830	54,894		29,469	165,1.93	183,691
		193,687	55,346		29,469	278,502	358,549
CREDITORS
Amounts falling due within one
year	17	(53,259)				(53,259)	(60,555)
NET CURRENT ASSETS		140,428	55,346		29,469	225,243	297,994
TOTAL ASSETS LESSCURRENT
LIABILITIES		213,599	55,346		787,876	1,056,821	1,167,458
CREDITORS
Amounts falling due after more
than one year	18	(51,370)				(51,370)	(101,770)
NET ASSETS		162,229	55,346		787,876	1,005,451	1,065,688
FUNDS	19
Unrestricted funds						162,229	176,195
Restricted funds						843,222	889,493
TOTALFUNDS						1,005,451	1,065,688

			2020		2020	2019
			Unrestricted	Restricted	Total	Total
			E	f	E	E
Donations	—Paradata		3,037		3,037	2,048
Donations			4,035		4,035	4,332
Legacy						125
Grants			49,400	22,174	71,574	83,326
Donated	services and facilities		37,063		37,063	41,723
			93,535	22,174	115,709	131,554
Included	within donated	services and
facilities
					2020	2019
					E	f
Staff costs					35,763	35,792
Cleaning					1,300	5,170
Rates						761
					37,063	41,723

		2020	2019
		E	E
Fundraising	events		29,167
Shop income		613	2,222
PARAdata	photo sales	1,262	1,342
		1,875	32,731

INVESTMENT INCOME
			2020	2019
			E	E
Deposit account interest			673	667
CHARITABLE ACTIVITIES		COSTS
Museum running			2020	2019
			E	E
Wages			72,210	76,380
Property			8,534	9,405
Administration			13,295	17,972
Maintenance			27,231	24,559
Depreciation			54,244	53,663
Support costs			3,776	5,284
Total museum running	costs		179,290	187,263
SUPPORT COSTS
				Governance
				costs
				f
Museum running				5,189
NET INCOME/(EXPENDITURE)
Net income/(expenditure)		is stated after charging/(crediting);
			2020	2019
			E	f
Auditors' remuneration			2,650	2,550
Depreciation - owned assets			41,439	42,386
Computer software amortisation			12,805	11,303

2020	2019
6	E
1,126	2,484

STAFF COSTS
			2020	2019
			f	E
Wages and salaries			68,773	72,522
Socia I security costs			2,019	2,425
Other pension costs			1,419	1,433
			72,211	76,380
The average monthly	number ofemployees	during the year was as follows:
			2020	2019
Museumoperation			2	3

COMPARATIVES FORTHE STA	TEMENT OF F	INANCIAL ACTIVITIES
		Unrestricted	Restricted		Total
		funds	funds	PRAFMT	funds
		f	E	E	E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		110,109	21,445		131,554
Charitable activities
Research and archive visits		1,869			1,869
Other trading activities		32,731			32,731
Investment income		667			667
Total		145,376	21,445		166,821
EXPENDITURE ON
Raising funds		25,118			25,118
Charitable activities
Museum running		116,528	31,701	39,034	187,263
Total		141,646	31,701	39,034	212,381
NET INCOME/(EXPENDITURE)		3,730	(10,256)	(39,034)	(45,560)

	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted	Restricted		Total
		funds	funds	PRAFMT	funds
		E	E	f	f
	RECONCILIATION OF FUNDS
	Total funds brought forward	172,466	72,809	865,973	1,111,248
	TOTAL FUNDS CARRIED FORWARD	176,196	62,553	826,939	1,065,688
12.	INTANGIBLE FIXEDASSETS
					Computer
					software
					f
	COST
	At 1January 2020				521,417
	Additions				12,000
	At 31December 2020				533,417
	AMORTISATION
	At 1January 2020				453,589
	Charge for year				12,805
	At 31December 2020				466,394
	NET BOOK VALUE
	At 31December 2020				67,023
	At 31December 2019				67,828

TANGIBLE FIXEDASSETS
			Fixtures
	Long	Plant and	and
	leasehold f	machinery 6	fittings f	Totals E
COST
At 1January 2020	1,250,025	1,522,471	24,068	2,796,564
Additions			4,358	4,358
Disposals			(12,133)	(12,133)
At 31December 2020	1,250,025	1,522,471	16,293	2,788,789
DEPRECIATION
At 1January 2020	452,554	1,519,894	22,481	1,994,929
Charge for year	39,064	515	1,860	41,439
Eliminated on disposal			(12,133)	(12,133)
At 31December 2020	491,618	1,520,409	12,208	2,024,235
NET BOOK VALUE
At 31December 2020	758,407	2,062	4,085	764,554
At 31December 2019	797,471	2,577	1,587	801,635

Class ofshare:	Class ofshare:	holding
Ordinary		100
			2020	2019
			6	E
Aggregate	capital and reserves		(357)	(357)

15.	STOCKS
					2020	2019
					f	E
	Stocks				968	968
16.	DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2020	2019
					E	E
	Trade debtors					72
	Amounts	owed by group		undertakings	106,870	168,396
	Other debtors				1,981	1,494
	VAT				732
	Prepayments				2,758	3,928
					112,341	173,890
17.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					2020	2019
					f	E
	Trade creditors				134	342
	Socia I security and other			taxes	53	617
	VAT					5,573
	Accruals	and deferred	income		50,400	49,400
	Accrued	expenses			2,672	4,623
					53,259	60,555
18.	CREDITORS: AMOUNTS			FALLING DUE AFTER MORE THAN ONE YEAR
					2020	2019
					E	E
	Accruals	and deferred	income		51,370	101,770
	Movements on the deferred income account
					2020
					E
	At the start ofthe year				151,170
	Released	in the year			49,400
	At the end ofthe year				101,770

MOVEMENT IN FU	N	DS
					Net
					movement	At
				At 1.1.20	in funds	31.12.20
				E	E	f
Unrestricted funds
General fund				35,000	790	35,790
ParaData Phase II				117,482	(12,803)	104,679
Other designated	funds			10,185		10,185
Display				2,750		2,750
Staff and volunteer		uniforms		197	(197)
Development fund				10,581	(1,756)	8,825
				176,195	(13,966)	162,229
Restricted funds
Parachute Regiment		and Airborne	Forces
Museum Trust				826,940	(39,064)	787,876
ParaData Phase II				62,243	(7,207)	55,036
Collection Redisplay		Fund		310		310
				889,493	(46,271)	843,222
TOTALFUNDS				1,065,688	(60,237)	1,005,451
Net movement in	funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				f	E	E
Unrestricted funds
General fund				97,413	(96,623)	790
ParaData Phase II					(12,803)	(12,803)
Staff and volunteer		uniforms			(197)	(197)
Development fund					(1,756)	(1,756)
				97,413	(111,379)	(13,966)
Restdcted funds
Parachute Regiment		and Airborne	Forces
Museum Trust					(39,064)	(39,064)
ParaData Phase II					(7,207)	(7,207)
Ogilby Trust grant				22,174	(22,174)
				22,174	(68,445)	(46,271)
TOTALFUNDS				119,587	(179,824)	(60,237)

Comparatives fo	r m	ovement in fu	nds
					Net	Transfers
					movement	between	At
				At 1.1.19	in funds	funds	31.12.19
				E	f	f	E
Unrestricted funds
Generalfund				32,994	8,936	(6,930)	35,000
ParaData Phasell				128,787	(11,305)		117,482
Other designated	funds			200	9,985		10,185
Display Staff and volunteer		uniforms		3,838 322	(1,088) (125)		2,750 197
Development fund				5,005	(1354)	6,930	10,581
Wages fund				1,320	(1,320)
				172,466	3,729		176,195
Restricted funds
Parachute Regiment		and Airborne	Forces
Museum Trust				865,973	(39,033)		826,940
ParaData Phase	II			69,189	(6,946)		62,243
Collection Redisplay		Fund		310			310
Ogilby Trust grant				3,310	(3,310)
				938,782	(49,289)		889,493
TOTALFUNDS				1,111,248	(45,560)		1,065,688

			Incoming	Resources	Movement
			resources f	expended f	in funds E
Unrestricted funds
General fund			131,651	(122,715)	8,936
ParaData Phase	II			(11,305)	(11,305)
Other designated	funds		13,725	(3,740)	9,985
Display				(1,088)	(1,088)
Staff and volunteer		uniforms		(125)	(125)
Development fund				(1,354)	(1,354)
yvagesfund				(1,320)	(1,320)
			145,376	(141,647)	3,729
Restricted funds
Parachute Regiment		and Airborne Forces
Museum Trust				(39,033)	(39,033)
ParaData Phase	il			(6,946)	(6,946)
Ogilby Trust grant			21,445	(24,755)	(3,310)
			21,445	(70,734)	(49,289)
TOTALFUNDS			166,821	(212,381)	(45,560)

					Net	Transfers
					movement	between	At
				At 1.1.19	in funds	funds	31.12.20
				E	E	f	f
Unrestricted funds
General fund				32,994	9,726	(6,930)	35,790
ParaData	Phase	0		128,787	(24,108)		104,679
Other designated		funds		200	9,985		10,185
Display				3,838	(1,088)		2,750
Staff and	volunteer		uniforms	322	(322)
Development fund				5,005	(3,110)	6,930	8,825
Wages fund				1,320	(1,320)
				172,466	(10,237)		162,229
Restricted	funds
Parachute	Regiment		and Airborne Forces
Museum	Trust			865,973	(78,097)		787,876
ParaData	Phase	II		69,189	(14,153)		55,036
Collection	Redisplay		Fund	310			310
Ogilby Trust grant				3,310	(3,310)
				938,782	(95,560)		843,222
TOTALFUNDS				1,111,248	(105,797)		1,005,451

			Incoming	Resources	Movement
			resources f	expended E	in funds E
Unrestricted funds
General fund			229,064	(219,338)	9,726
ParaData Phase	II			(24,108)	(24,108)
Other designated	funds		13,725	(3,740)	9,985
Display				(1,088)	(1,088)
Staff and volunteer		uniforms		(322)	(322)
Development fund				(3,110)	(3,110)
Wages fund				(1,320)	(1,320)
			242,789	(253,026)	(10,237)
Restricted funds
Parachute Regiment		and Airborne Forces
Museum Trust				(78,097)	(78,097)
ParaData Phase	II			(14,153)	(14,153)
Ogilby Trust grant			43,619	(46,929)	(3,310)
			43,619	(139,179)	(95,560)
TOTALFUNDS			286,408	(392,205)	(105,797)
Funds