| CONTENTS | PAGE |
| lrustccsAllnualRepon | |
| Independent[xaminer'sRepon | 7 |
| Statementof Ijinancialacti!ities | 8 |
| BalanceSheet | 9 |
| Notesto the FinancialStatements | t1 |
| Boscombe | DownAviation CollectionLimited |
|---|---|
| TrusteesAnnualReport(incorporaiingthe Direclor'sReport)year ended31dMay | |
| 2021 | |
| Refurence andAdministrativedetails | |
| RegbteredChar-rtyname: | BoscombeDownAviation Collection Limited |
| companyRegistrdionNumber | 06258'182(Englandandvthles) |
| CharityRegistrationNumber: | 1142599 |
| Registeredffice and operationaladdress: |
Hangar1South, Old Sarum Airfield. |
| Old Sarum, | |
| Salisbury | |
| SP46DZ | |
| Truste6s: | Sqn LdrJ.Sharpe MBE MRAES MCMI RAFretired |
| Mr R. FultonCENGFRAESMIET | |
| MrPMogg | |
| DrD.Woollatt | |
| MsSRickson | |
| Directors: | Sqn Ldr J. Sharpe MBE MRAES MCMI RAFretired |
| Mr R. Fulton CENG FRAESMIET | |
| MrPMogg | |
| Dr D.Woollatt | |
| MsSRickson | |
| Bankers: | Santander Business Banking |
| Bridle Road | |
| Bootle | |
| L3O4GB | |
| Co-operativeBusiness Bank | |
| PO.Box250,Delfr House | |
| Sodhway | |
| Skelme.sdale | |
| \AN86WT | |
| Metro Bank | |
| OneSouthamptonRow | |
| London | |
| WC1B sHA | |
| Solicitors: | Parker Bullen |
| 45CastleStreet | |
| Salisbury sPt3ss |
|
| lndependentExaminers | SM BachrachFCA Chalmers &co(SWLimited |
| The Old Emporium BowStreet, LangportTA'10gPQ |
| Note | Unrestricted | Restacted | Yeaato | Yearto | |
|---|---|---|---|---|---|
| fundst | fundst | 31-5-21 e_ |
3',1-5.20 f |
||
| INCOME FROM: | |||||
| Donations and legacies | 4 | 83,924 | 46,474 | 130442 | 16.587 |
| Charitableactivities | 5 | 45,411 | 45411 | 84,161 | |
| TOTALINCOi'E | 129,335 46,478 175,813 | 100,748 | |||
| EXPEI'IDITUREON: | |||||
| Charitableactivities | 6 | 90,173 | 30,035 | 120,248 | 119,662 |
| Govemance | 7 | 2,243 | 688 | 2,931 | 2,727 |
| TOTALEXPENDITURE | 92.416 30,723 123,139 | 122,389 | |||
| Netincome,(outgoing) resourcesfoltheyear |
I | 36,91S | 15,755 | 52.674 | (21,641) |
| Transfers betweenfunds | 16 | 12,269 | (12,269' | ||
| Netmovementinfunds | 49.188 | 3,486 52,674 | 12'l,641) | ||
| Reconciliationoftundsr | |||||
| Toial tundsat'1June2020 | 190,011 | 754 | 190,765 | 212A06 | |
| Totalfundsatl'lM.y2021 | 17 | 239,199 4,240243,439 | 190,765 |
| Note | 202',1 | 2020 | ||||
|---|---|---|---|---|---|---|
| T | € | € | € | |||
| FixedAstets | ||||||
| TanqibleAssets | 10 | 143,748 | 135,963 | |||
| Cur.entAssets | ||||||
| Stocks | 12 | 4,968 | 3,793 | |||
| Debtors | 13 | 10,831 | 10,111 | |||
| Cash at bank and in hand | 132,240 | 61,746 | ||||
| TotalCu[entAssets | '147,999 | 75,650 | ||||
| Creditors,amounts falling due w thin | 14 | 23,808 | 20,448 | |||
| NetCurrentAssets | 124,191 | 54,842 | ||||
| TotalAssets less CurrentLiabilities | 267,939 | 190,765 | ||||
| Creditors;amounts failing dueafrer more than oneyear |
15 | 24,500 | ||||
| NetAssets | 243,439 | 190 765 | ||||
| Charity Funds | ||||||
| Restricted incomefunds | 16 | 4244 | 754 | |||
| Unrestaicted income funds | 141,234 | 92,046 | ||||
| Revaluatron reserve | 97965 | 97,965 | ||||
| Total Unrestricted funds | 239,199 | 190 | 011 | |||
| TotalCharity funds | 243,439 | 1S0,765 |
| funds I |
funds € |
31 5 2021 I |
31520 I |
||
|---|---|---|---|---|---|
| 4 | Donationsandlegacies | ||||
| Donations | 26,977 | 26977 | 13,397 | ||
| GiftA1d | 2,456 | 2,456 | 2,267 | ||
| National Lottery Heritage Funds Grants | 41,294 | 41 250 | |||
| Local Councii Covid support Grants | 49,851 | 49,851 | |||
| AudienceDevelopment Grant | 4,500 | 4,500 | |||
| Government GrantforBBLlnterest | 688 | 688 | |||
| Subscriptions | 4,640 | 4,640 | |||
| 83,92446,478130,40216,547 |
| Unresiricted | Restricted | Yearto | Yearto | |||
|---|---|---|---|---|---|---|
| funds I |
funds € |
315.2021 e |
315.2020 I |
|||
| 5 | Charitableactivities | |||||
| Museum entryfees | 21,248 | 21,248 | 50,290 | |||
| Shop sales | I,624 | I624 | 12,196 | |||
| Events andactivitiesincome | 2445 | 2,A45 | 4.575 | |||
| Other trading income | 10094 | 10,094 | 17,100 | |||
| Profit on saleoffixedasset | 2,000 | 2,000 | ||||
| 45,411 | 45411 | 84,161 |
| llnrestricted | llnrestricted | Restricted | Year | to | Yearto | ||
|---|---|---|---|---|---|---|---|
| funds € |
funds t |
31.5.2',1 E |
31.5.20 e |
||||
| 6. | Charitableactivitiss | ||||||
| Advertising&promotion | 234 | 330 | 564 | 1652 | |||
| Cleaning expenses | 572 | 512 | |||||
| Cost of Goods sold | 3,400 | 3 | 400 | 5191 | |||
| Credit ca.d charges | 1 | 163 | 1,163 | 1 166 | |||
| Dep.eciation | 2,086 | 2 | 086 | 1,222 | |||
| Dues & Subs6riptions | 365 | 365 | 655 | ||||
| Exhib,t Maintenance&Purchase | 796 | 796 | 3,961 | ||||
| lnsurances | 7,992 | 8,790 | |||||
| lT Expenses | 2,303 | 2,303 | 511 | ||||
| Light & Heat | 5.567 | 5 | 567 | 4.942 | |||
| Health & Safety | 700 | 700 | 14 | ||||
| Ofirce expenses | 1,631 | 1,302 | 2,S33 | 1,860 | |||
| Rates&\ Eier | -125 | 6243 | |||||
| Rent & service charges | 65,582 | 26,104 | 91,682 | 126AA | |||
| Repairs and maintenance | 214 | 210 | 4879 | ||||
| Transport costs | 3,660 | ||||||
| Travelling&Subsistence | 1440 | ||||||
| 90 | 17330,03512A,2Aa119662 | ||||||
| iJnreskicted | Restricted | Yeai | to | Yoarto | |||
| fundst | funds f |
31-5-21 € |
31,5.20 € |
||||
| 7 | Governancecosts | ||||||
| Accountancy fees | 2,220 | 2,220 | 2,700 | ||||
| Bank Servicecharge | 10 | 10 | 14 | ||||
| Companres House | 13 | 13 | 13 | ||||
| Interest | 688 | ||||||
| 2,243 | 688 | 2931 |
2,727 |
| Exhibits | OfficeFi{ures | OfficeFi{ures | Total | |
|---|---|---|---|---|
| equipmentand fittings | ||||
| e | f! | L | ||
| Cost orvaluation Asat1June 2020 |
124,969 2,338 | 12,382 | 139,689 | |
| Additions | 9871 | 9,871 | ||
| Disposals | ||||
| Revaluation | ||||
| As at 31 May2021 | 124,96912.209 | 12,382 | 143,560 | |
| Depreciation; As at1June 2020 |
817 | 2909 | 3,726 |
| Charge fortheyear | 39 1 |
941 | 2086 |
|---|---|---|---|
| Asat31May2021 | 1956 | 3,656 | 5,812 |
| Net bookvalu€ | |||
| At 31 May2021 | 124,96910,253 | 8,526 | 143,748 |
| At'1June 2020 | 124,969 1.521 | 1473 | 135,963 |
| Yearto | Yearto | |
|---|---|---|
| Valualion of Exhibits | 31.5.21 | 31.5.20 |
| € | € | |
| Theasseb werelastvaluedin2019 by | ||
| ttieCharity's Project Directorand | ||
| Technical Director basedon market | ||
| value. | 124.969124.969 |
| Yearto | Yearto | Yearto | ||
|---|---|---|---|---|
| 31-5-21 | 31-5-20 | |||
| € | ||||
| Goods forresale | 4,968 | 3,793 | ||
| 4,968 | 3,793 | |||
| 13 | Debtors | 31.5.21 € |
31.5.20 € |
|
| Accountsreceivable | 3,031 | 2,754 | ||
| Prepayments | 7,800 | 7,357 | ||
| 10831 | 10,111 |
| Yearto 31.5.21 €€ |
Yea.to 31.5,20 |
||
|---|---|---|---|
| {4 | Creditors;Amountsfallingduewithinoneyear | ||
| Tradecreditors | 810 | 4,350 |
|
| Othercreditors | 2,148 | 1.148 | |
| Secured loans | 15,35015,350 | ||
| Unsecured loans | 5,500 | ||
| 23,80820,848 |
| € | |
|---|---|
| SqnLdr JSharpe | 12.240 |
| Mr&MrsRFulton | 3,150 |
| 15,350 |
| Yearto | Yeaato |
|---|---|
| 31.5.21 | 31.5.20 |
| € | € |
| NotestotheFinancial Statem | ents yearended31 May2021(continued) | ents yearended31 May2021(continued) | ents yearended31 May2021(continued) | ents yearended31 May2021(continued) | |
|---|---|---|---|---|---|
| AtlJunelncomingOutgoingTransfeEAt3lMay 2020Resourc6Expenses 2021 |
|||||
| 't6 | NetMovement infunds | ||||
| Unrestrictedfunds | t9!"011129335i92-416)12,2692i9199 | ||||
| Restrictedtunds | |||||
| CulturaiRecovery Fundfor | 28600(16.331)112269) | ||||
| Heritage1 | |||||
| Cultural Recovery Fundfor | - | 12,690(11,700) | 990 | ||
| Heritage2 | |||||
| South West Museumsdevetopment | , | 4,500(1,250) | 3,254 | ||
| fund audrence developmentGrant | |||||
| Loan lnterestpaidbyGovernment | - | 688 (688) |
|||
| EducationGrant | ---,154j | O54] |
|||
| 154 | 46_419Ga=L2A1122.69) | 4244 |
| Analysisofthenet assets byfund | ||||
|---|---|---|---|---|
| UnrestrictedRestrictedTotalFunds genemlfundsFund6 2020 |
Total Funds |
|||
| 20'r9 | ||||
| f | s | € | e | |
| TangibleAssets | 143,748 | 143,748 | 135,963 | |
| CurrentAssets: | ||||
| Slocks | 4,968 | 4,968 | 3,793 | |
| Debto.s | 10,831 | 10,831 | 10,111 | |
| Cash at bankandinhand | 127,960 | 4,240 | 132,200 | 61746 |
| 143,7594,240 | 147,99975650 | |||
| Creditors: | ||||
| Amounts fallingduewthlnoneyear | (23,80e) | (23,808) | (20,848) |
| Net currentassets | 119,9514Z4A | 1?4!.9_154-AO2 |
|---|---|---|
| Credrtorsamounlslallrng due atter one year | 24.500 | |
| 2391994244 | 2433i1919!165 | |
| Fund Balances | 2&19 424! | 243-439190J65 |