2023-05-31-accounts

Financial Statements	Financial Statements	year ended 31"May 2023
CONTENTS			PAGE
Trustees Annual Report
Independent Examiner's	Report
Statement ofFinancial	activities
Balance Sheet
Notes to the Financial	Statements

					(a company limited by guar	(a company limited by guar	(a company limited by guar	(a company limited by guar	antee)	antee)
Trustees			Annual		Report (incorporating the Director's				Report) year ended 31"May
							2023
						Reference and Administrative			details
Registered			Charity		name		Boscombe Down Aviation		Collection	Limited
Company		Registration				Number:	06258182 (England	and Wales)
Charity	Registration				Number:		1142599
Registered			Office				Hangar 1 South,
and operational				address:			Old Sarum Airfield,
							Old Sarum,
							Salisbury.
							SP4 6DZ
Trustees:							Sqn Ldr J.Sharpe MBE MRAES MCMI RAF retired
							Mr R. Fulton GENG	FRAES MIET
							Mr P. Mogg
							Ms S.Rickson
							Mr C. Hodson
Directors:							Sqn Ldr J.Sharpe MBE MRAES MCMI RAF retired
							Mr R. Fulton CENG	FRAES MIET
							Mr P. Mogg
							Ms S.Rickson
							Mr C. Hodson
Bankers:							Santander Business	Banking
							Bridle Road
							Bootle
							L304GB
							Co-operative Business Bank
							P.O. Box250, Delft House
							Southway
							Skelmersdale
							WN8 6WT
							Metro Bank
							One Southampton Row
							London
							WC1B 5HA
Solicitors:							Parker Bullen
							45 Castle Street
							Salisbury
							SP1 3SS
Independent			Examiners:				SM Bachrach FCA
							Chalmers 8 Co (SW) Limited
							The Old Emporium
							Bow Street, Langport	TA10 9PQ

	Note	Unrestricted	Restricted	Year to	Year to
		funds	funds	31.5.23	31.5.22
		E	F	F
INCOME FROM:
Donations and legacies		31,186		31,186	55,980
Charitable activities		163,752		163,752	129,722
TOTAL INCOME		194,938		194,938	185,702
EXPENDITURE ON:
Charitable activities		191,734		191,734	157,365
Governance		3,640		3,640	3,543
TOTAL EXPENDITURE		195,374		195,374	160,908
Net income / (outgoing) resources for the year		(436)		(436)	24,794
Revaluation of exhibits					20,110
Net movement in funds		(436)		(436)	44,904
Reconciliation offunds:
Total funds at 1 June 2022		288,343		288,343	243,439
Total funds at 31 May 2023	16/17	287,907		287,907	288,343

			Note	2023	2022
Fixed Assets
Tangible Assets			10	177,737	179,588
Current Assets
Stocks			12	4,975	5,086
Debtors			13	18,188	13,928
Cash at bank and in hand				132,907	135,233
Total Current Assets				156,070	154,247
Creditors; amounts one year	falling	due within			21,881
Net Current Assets				130,448	132,366
Total Assets less Current		Liabilities		308,185	311,954
Creditors; amounts more than one year	falling	due after	15	20,278	23,611
Net Assets				287,907	288,343
Charity Funds
Restricted income funds			16
Unrestricted income	funds			169,832	170,268
Revaluation reserve				118,075	118,075
Total Unrestricted funds			16	287,907	288,343
Total Charity funds			17	287,907	288,343

							Unrestricted	Restricted	Year to	Year to
							funds	funds	31.5.2023	31.5.22
4	Donations	and legacies
	Donations						18,659		18,659	40,044
	Gift Aid						8,496		8,496	6,477
	National Lottery Heritage				Funds Grants					1,096
	Local Council		Covid	support		Grants				6,500
	Audience Development				Grant					500
	Government		Grant for BBLInterest							63
	Subscriptions						4,031		4,031	1,300
							31,186		31,186	55,980
							Unrestricted	Restricted	Year to	Year to
							funds	funds	31.5.2023	31.5.2022
5	Charitable	activities
	Museum entry fees						111,613		111,613	81,538
	Shop sales						30,537		30,537	27,410
	Events and	activities		income			14,211		14,211	9,668
	Other trading		income				7,391		7,391	11,106
							163,752		163,752	129,722

			Unrestricted	Restricted	Year to	Year to
			funds	funds	31.5.23	31.5.22
6.	Charitable activities
	Advertising & promotion		3,839		3,839	3,692
	Cleaning expenses		982		982	510
	Cost of Goods sold		19,461		19,461	12,804
	Credit card charges		2,928		2,928	2,302
	Depreciation		1,851		1,851	2,056
	Dues & Subscriptions		80		80
	Exhibit Maintenance	& Purchase	4,039		4,039	769
	Insurances		7,091		7,091	8,522
	IT Expenses		833		833	1,495
	Light & Heat		12,545		12,545	9,957
	Health &Safety		340		340	1,708
	Office expenses		1,633		1,633	1,996
	Rates &Water		6,956		6,956	3,841
	Rent &service charges		125,460		125,460	91,484
	Repairs and maintenance		2,054		2,054	1,896
	Transport costs		974		974	9,643
	Miscellaneous		256		256	4,336
	Training		412		412
			191,734		191,734	157,365
			Unrestricted	Restricted	Year to	Year to
			funds	funds	31.5.23	31.5.22
				F
	Governance costs
	Accountancy fees		2,730		2,730	2,700
	Bank Service charge		261		261	112
	Companies House		13		13	13
	Interest		636		636	718
			3,640		3,640	3,543

	Exhibits	Office	Fixtures	Total
		equipment	and fittings
Cost or valuation;	161,079	13,269	13,108	187,456
As at 1 June 2022
Additions
Disposals
Revaluation
As at 31 May 2023	161,079	13,269	13,108	187,456

Depreciation; As at 1 June 2022		3,087	4,781	7,868
Charge for the year		1,018	833	1,851
As at 31 May 2023		4,105	5,614	9,719
Net book value
At 31 May 2023	161,079	9,164	7,494	177,737
At 1 June 2022	161,079	10,182	8,327	179,588

					Year to	Year to
	Valuation	of Exhibits			31.5.23	31.5.22 f
	The assets were last valued			in 2022 by
	the Charity's		Project Director	and
	Technical	Director based on		market
	value.				161 079	161 079
12	Stock
					Year to	Yearto
					31.5.23	31.5.22
	Goods for	resale			4,975	5,086
					4,975	5,086
					Yearto	Year to
13	Debtors				31.5.23 f	31.5.22
	Accounts	receivable			430	470
	Prepayments				17,758	13,458
					18,188	13,928

				Year to	Year to
				31.5.23	31.5.22
					f
14	Creditors;	Amounts	falling due within one year
	Trade creditors			5,791	2,050
	Other creditors			1,148	1,148
	Secured loans			15,350	15,350
	Unsecured	loans		3,333	3,333
				25,622	21,881

	Sqn Ldr J Sharpe	Sqn Ldr J Sharpe				12,200
	Mr & Mrs R Fulton					3,150
						15,350
					Year to	Year to
					31.5.23	31.5.22
						f
15	Creditors;	Amounts	falling due after more than	1 year
	Unsecured	loans			20,278	23,611

	Notes to	the	Financial	Statements	year ended 31 May 2023 (continued)	year ended 31 May 2023 (continued)	year ended 31 May 2023 (continued)	year ended 31 May 2023 (continued)
				At	1June	Incoming	Outgoing	Revaluation	At 31 May
				2022		Resources	Expenses		2023
16	Net Movement		ln funds
	Unrestricted	funds			28@343.	194938	L11K3~
	Restricted	funds

Analysis ofthe n	et assets by fund
		Unrestricted	Restricted	Total Funds	Total
		general funds	Funds	2023	Funds
					2022
		f		f
Tangible Assets		177,737		177,737	179,588
Current Assets:
Stocks		4,975		4,975	5,086
Debtors		18,188		18,188	13,928
Cash at bank and	in hand	132,907		132,907	135,233
		156,070		156,070	154,247
Creditors:
Amounts falling due within one year		(25,622)		(25,622)	(21,881)
Net current assets		1 0448		~1Q 4~4	~12~88
Creditors amounts	falling due after one year	20278		20 278	23 611
Net Assets		287&Q7		~27 9Q7	2M+4~
Fund Balances		~27~97