|||
|---|---|
|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<br>and operationaladdress:|Hangar1South,<br>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<br>sPt3ss|
|lndependentExaminers|SM BachrachFCA<br>Chalmers &co(SWLimited|
||The Old Emporium<br>BowStreet, LangportTA'10gPQ|





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||Note|Unrestricted|Restacted|Yeaato|Yearto|
|---|---|---|---|---|---|
|||fundst|fundst|31-5-21<br>e_|3',1-5.20<br>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)<br>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<br>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||





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|||funds<br>I|funds<br>€|31 5 2021<br>I|31520<br>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<br>I|funds<br>€|315.2021<br>e|315.2020<br>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||<br>84,161|





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|||llnrestricted|llnrestricted|Restricted|Year|to|Yearto|
|---|---|---|---|---|---|---|---|
|||funds<br>€||funds<br>t|31.5.2',1<br>E||31.5.20<br>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<br>f|31-5-21<br>€||31,5.20<br>€|
|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|<br>2931||<br>2,727|





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||Exhibits|OfficeFi{ures|OfficeFi{ures|Total|
|---|---|---|---|---|
|||equipmentand fittings|||
||e|f!||L|
|Cost orvaluation<br>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;<br>As at1June 2020||817|2909|3,726|





|Charge fortheyear|39<br>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<br>€|31.5.20<br>€||
||Accountsreceivable|3,031||2,754|
||Prepayments|7,800||7,357|
|||10831||10,111|





## 

|||Yearto<br>31.5.21<br>€€|Yea.to<br> 31.5,20|
|---|---|---|---|
|{4|Creditors;Amountsfallingduewithinoneyear|||
||Tradecreditors|810|<br>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<br>2020Resourc6Expenses<br>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<br>(688)||
||EducationGrant|---,154j||<br>O54]||
||||154|46_419Ga=L2A1122.69)|4244|



## 

## 

|Analysisofthenet assets byfund|||||
|---|---|---|---|---|
||UnrestrictedRestrictedTotalFunds<br>genemlfundsFund6<br>2020|||Total<br>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|



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