Boscombe Down Aviation Collection Limited (a company limited by guarantee) Report of the Tntstee's and Fin8nci81 statements for the year ended 31 May 2024 Register&l CaThy No. CK58182 (Er¥JlarKI WKI Wos) Registered Chartty No. 1142599
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Financial Statements year erKled 31° May 2024 CONTENTS PAGE Stalement of Financial a¢ttvities Bolance Sheet Notes to the Financial Stgtanents li
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Trustees Annual Report (incorptIng the Dire(thrfs Report) year ended 31•t May 2024 R•f•rnnu and Admlnl8tratlv• d•tall8 Registered Charity rwm." Company Registration Numbor. 06258182 (Eryland arKI Wdl85) Charity Registration Number. 1142599 Regist¥ CXtK¢ and operatlonal address: Old S8nwn AIrfK1. ¢yLI Sarum. Salisbury. SP4 6DZ Trustees: Sqn Ldr J. Shwpe MBE MRAES MCMI RAF relhd Mr R. CENG FRAES MIET Mr P. Mogg M8 S. Rlckn (r*ned 2715r24) Mr C. H15 Mr D. ((wknd 2715r24) Sqn Ldr J. Shwpe MBE MRAES MCMI RAF rettred Mr R. Fulton CENG FRAES MIET Mr P. Mogg M8 S. Rickson (rn8lgned 2715r24) Mr C. H(xl8 Mr D. Bwryrn {cwknl 2715r24) Bank•rn: Bridle Ro&1 L30 4GB P.0. Box 250. Delft Hou ske1nd WN8 6wr 185HA salistry SP13SS IrKlependent Examiners: SM Bachrach FCA Chalmers & Co (SW) Lknlted The Old Emwlum 8crw Stre8( Lawwt TA10 9PQ
Boscombe Down Aviation Collection Limited (a company limited by guarnntee) Trustees Annual Report year ended 31° May 2(r24 (continued) The Charity Tntstees, are dthe CrIty for Ihe purposes of1he Companies Ad 20(, present their reprKt wth Ihe fnancial $latwnts of tre Charity fc the year énded 31# IAay 2024. The charity wa8 IT on 24th May 2007 ar#1 is govwrnd by memm and ides ofAssociation. On 27 June 2011 it was registered under the Charity Commlssion for England and Wales, number 1142599, and is also a Ccrfnpany limited by guarantee, nuffthr 06258182. The MemorarKlum and Artides of Asso¢iakn requre a minimum of 4 trustees to a maximum of 7 trustees to be appolnted ith one trustee due for re-appoinlment in any one year. Trustees may be cwted until Ilw txn be nomina and votsd on at the next Annual General MeetirvJ (AGM). NcffiinatK)ns are mth by tr membws from rnember8 who have demonstrated an interest ats'lty in or consemlion or who can fill a 8peunc skills m8eting to disujss Issues relating to rnanaaerrt aThl development of the The trustees ar• Alao respIble f(Y the d¥y4(aY managerrth and operat1 of the C(JUédion. Thern are no paid staff, vc4unteers urKlert8k8 the daty of the mu6eum ilhin poli(ies aNI Wacts. as set out by th• trustees. The trustees recogr48e Ihat wlthoul this cAmmitment and support the Th18eurn M)ukl not funclion. In Ihe management of the Charity and Ihe wepar8tion d Ilwe aC%ots the Tntoe8 ha¥YJ ana The trustees have consldered and main rf•k81o the expo arnl established procedures to revlew and marAge suth wlsks. TtrK> main otyective of the Colle¢kn is to •Jvance the educ4kn of the Nknllc by the ow51( of a collection of exhibits covering Ihe getxrnl knex area and centred M mllitary ilight testing at rwby Boscombe airfield. Th18 ill ensure the preservth of local aviatlon Til3ge for future 9ratiOrI8. The Collection opened lo the pthAic at Ohj Swn airfield on Juty 1. 2012 having prewously tse lo(ated 8 mlles away at BosGombe arfld. a high-secwity site to whic* publi¢ VMil to the collecti are offered a handswon expwien(x 1h the ma1.lty of airuaft and helicopter5 being opened for ac$$. In supp(Yt of this policy Collection has a skilled restornlion team who have completed a number of (xxnplex rebuilds since th8 museum tast their fying skil. The INstees confimi thal have paid due regard to the gi•dwKe glvan ty the Chwlty Commlssion on publ1¢ benefjL nd P•rforn sin openirvJ in Sunrn 2012 the museum has lntrated kIlla its. public wofile whi18 Increasing both its, volunteer base aThJ visitor numbws.
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Tnthes Ar#M41 R•ith year ended 31• klay 2024 (cortinued) In 2014 the Colléelion expwed into a Second adioiniTrJ 1917ry0rn Befast In5 hangar. WAthin thls haTrJar the museum ¢)pened a Id Royal FI c display In 2020 whlch has Yoven popular with viwtors. The Colle¢tw subsequenty host fty a disth by the Royal Obserrfer Cw and In 2023 a display by the Sup4iValAssoci•liL. The restoration of exhibits is carried ¢xrt ork4ite by a dedlc•d ton alvolwrteers, with tho on- going work boirwj visit4e to mwnbef8 of the puL4i Old Sanm airfield was dosed to gewal aation in 2019 wlth mDSt ofthe MUSl$ed private aircraft subsequently deparb'ng to bo replaced as exhibits by mlitary airc Dudng Ihe Covid pandemic 012021>2021 the Collethon tsi¢e succassfulpy apph'¢d for fundlNJ from the Hentsge Lottery Culturnl furKJ and in addition rtiiv•d a numbor of Local Authority supwrt and recovery grants. thJrlryJ Ilms tho OppOnty was taken to inBtaU CCTV to imprave the Colle¢IN'S 8wJty. A wotfAype Jet PrO$t T5 training airraft arri¥ed in 2021 having been donated following a landing a¢¢ident, th• airuaft undergoiThJ rwssemNy and rtyair ty ¢)ur resbration team be going on publie display. In 2022-23, • Ughlnlw fbhter prowpe and Avro 707 rived. b(th loaned by the RAF Musewn and tran5POrted from the Sa•nce and Industy muMum In Manchostw. Courte8y of RAF Hwitage the firnt Bntssh woduction Tom•do •trike alrcnft and l• now mpknd•nt in its. eaty camoulkn mwking& wwe also glfted a Beagle Bassett akuaft from QlnetlQ and a TUn0 procedures trainef arrived onloon from tho Tangmere Mumum. The Coll•ction wa8 alw Ied the cockpl Socllons of a Douglas C47 Dakota and Nlmrod Tho R•stoMan Team's hard wiyk re4roatty a vlsk(Y4eeeslble L•n¢••lor B1 •p•dal kpit was completed and f< opened to visitorn. Restorat w(k on th• Cdle(aim'¥ Sycamorn hellcopt•r wa8 also Completed as was work to iSSU•S Twith the Link trwn•r. The 202>24 repytlrvJ Saw rwr Meteor Night-fight•r airuaft complete its, loan p•rixl •t th• Nooonal Trust propety at Crocrn Park and move to its, fNI home at the V&tti8h•m Station Fllght museum. cIng to us from Co8frKd with thanks to RAF Htty0, the CL4bection received a Jaguar T2 alrcraft wllh Boscombe sep4i¢• history. A paY 2 b(xnb w•s r•tumed from Ican to the Scottish Natlonal Museum of Flight and rl join•d a MY-r8 arKI J•gu•r Mo•t of the remalning Ih1 wrcraft left the Cfylo¢knn's care in 2023, thlts m•ant that we had the space to w8s•mble and wt on Shuw thè Beagle Bassett alrcraft pmi¢)u recthved. Whlle thh was going the Re•toralion Team were kept busy creating the framvort¢ of the b¢)mb almer's forward po•ition for the Lancaster 8.1 wral. 1th the need to more easty move our larger exthiblls, tho Collectton pur¢h88ed an aireraft Tug and thls was quic put to use during • night photo shoot eaty in 2024. Tho CtSIeC enhanced a nwnber of its, exhii¥ts in this period and this induded the addition of a thwd ejedor seat to a Canberra aircrnft eoctyt and upgrnding Instruments and fixtures in a nUMr 01 airframes. The Trustees are pleased to rewi thal the C(Al•ckn w•• In its. •wliL¥tion forArts The museum opérations conlinu•O to expond twh the yev and it remain•d open for &days a lal Revl•w Tho Flnanual Diredor reports on th¢ status of financ88 at 8oard meetiws and is regpcrfJ•ible for reFrfXting on any dF5(xepe$. D•ly lakirqs thTOUgh the shop 111 ore rocx>rdod on cashlngwup sheots and rovl*ed at end of day. Largo amounts are acc4)untod for indrviduaAy through b4nkirvJ rec¢nls. The re5th for the period dITra 31•t May 2024 arn ¥hcr4ffl in the attachod accounts.
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Trustees Annual Report year ended 31° May 2024 (conlinued) The main sour8 of inc>)m are fr(Yn wl10r admission tharyes. e¥ents. donations and sales in th• any surplus furvjs being used tcrwards exhtt restoration or obtsining ajdibonal exhibit8. It Is pollcy not to Start a 8peufK prrLt (x a(¥ity unlfil suffid&)t funding is in tlace. The COV1[19 parmleM affecbj incTh in bolh the 2012020 arKI 2012021 finan(aal years and the tru8tees ensured that runnhYJ &)8ts (xintmue to be dosely monitor8d. The charity's wlicy for deterniining ol reseNes is lo ensure fvThls are retained to be able deal wrth any unforeseen expenyèB arising in the next year, logether wilh al day to day running expenses. The Tnjstees requKe unrestricted reser¥t fund8 to be atleast suffic4ent to cover on Month's out90ing8. e8timated at £18.[) as of 31 May 2024. The tru8t•e$ InsIder the stale of affair8 of the cwyany lo be salisfaGttyy and that tholovel of unre8trithd funds to be 5ufficienl to enable to o)ntiThw meellTrJ tts. tharftable octsves. Unr88tr1cted fvnds £289,849 at 31 May 2024. Every Full Member of Ihe Colleclkn undert&kts to cthtrknute such rnnl as may be reqThI (not •xeeding £10) to the Colleclion's u8ets ir rt shoukl b8 ¥wund up whiSe18lhe a Full Member or wlthin on6 year aftér {8)hts ce88es to be a Ful Member lor paymgnl ofthe Colle¢tion'$ debts and abilties conlraded beforfr (8)he cwos lo b8 a Full and of the cost, charge8 and eypenae8 ofv4lThling and fN the a'u•tment ofthe Ivjhts ofth8 Contr•1 anThg The tru$tee$ Ivtho are also Directors of Bo8c4ynbe Airy81kn C¢ledkn Ltd for the puYpo8e8 of company lawl are respon81b for weparirrfJ the Trustee8' Annual Rer)rt and the financial statements In acxo8n wrth applicable law and Unlled l(yJrynAcccMJDkng St•nd4th (Unlled Klngdtxn Generaly ApIe Acc(wntrw Prn¢tkl Company law require8 Ihe trustees to prepare acc4)unts lor each finanoal year wthlch gfve a true and fair ViW4¥ oftho state of offaw8 ofthè cthipany at the end ofthe ped and ofthe inc<Ing re8iwrces and applGotw of resouTC¢$. thg wK¢rr and eATlture. In preparing these acuunts, the tNste8s ar8 rwuired to:. obseNe thè m•thods and princykn in the Charitie8 SORP., make ludgements arKI e8timal8s that are reasonable and prudent., proparn tho accounts on the going conc•m bmii unkns it li Thpwopiiats to mum• that thg thariiy will cwtinuo in operation. State whether applkable UK Accounting Standards ha be8n ftlj 8ubJKt to any matèrlal deParn8 di8¢xed aThl the financial stalwn. The Iruslees are te8wnsbl8 for keepirw adequate aco)unting rocityrds that dtsdose wtlh rna$onab aCracY at any lirne. the financAal rxxition of the compwry and enable them to ensure that the accounts lpty WFlh the Cunpani88 ALt 21x6. The trustees are algo responble for Safegua1)g the a88ets of the cLYnpgny and hence for taking reasonable steps for the prevenlion WKI deteGlion of lrnud and olher Irregularit8. This report has been prepa1 In accordan wlth Special pro%?sW8 relating to Compan Subj'ect to the small companies regime wlthln Part 15 of Companies 2Crf)6 and SORP 2(KJ5 and Rwtiry for Charth•s'. proved by the board on l ) aL2knd •lgn•d on It• b•h•lf. Ldr. . Sharpe RAF (R
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Independent Examinerfs Report to the Trustees of Boscombe Down Aviation Collection Limited year ended 315t May 2024 I report to the trustees on my examination of the financial ststements of 8oscombe Down Aviation Colleclion Limited Ilhe chority) for th8 year ended 31st May 2024. R•$ponslbllltl•s and ba81$ of rnp•rt As tho tnjstsos of tho company land also bts directors fcrf the purposes of company law) you are responsible for the prèparation of the financial gtalgrnénts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act,). Having satL8fied myaelf that the accounts of Ihe company are not roquired to b8 audit•d undor Part 16 of the 2¢)06 Act and are eligible for independent examination. I report in respect of my examination of thé charity'$ accounts as carrled oul under seCtn 145 of the Charitles Ad 2011 1.the 2011 Act'l. In Carrng out my examination I have followed the DirnclK>ns given by Charity Cc*nmis51on under se¢lion 145(5Mb) ol the 2011 Acl. Ind•p•ndent •xamln•f• •t•t•m•nt I havè Complet my 8xamination. I cfim7 that M matters have (xMThe to my attention In c4)nne¢tion with the oxaminats'i)n giving me cause lo bo118ve: occwnting r•¢ord8 were not kw in r•sp8ct of th8 chwlty as roquired by section 386 of the 2006 the financial statements do rK)t accord wllh those recxjrds: or the finandal statements do notcoMY with the o¢¢ounting requlroments of section 396 ofth8 2006 Act other than 8Dy requiremènt that the accLwnts gl¥e a tru• and fal¢ view which is rd a rnotter ¢onsid•red as part of an indepeTrJont examination.. Or the financial statements have nol béèn prepared in 8tt0rd8nce V•ith the mothod8 and pdnciplo8 of the Statement of Remmended Practice for accounting and r8p)rting by charitles applicable to ¢harilies preparing their acctsjnts in accordarte with Iho Fin8rKial Reporting Standard applicable in tho UK and RepUl1C of Ireland {FRS 102). I have no concerns and havè come a¢ros$ no other matters in connedon with the examination lo which attentlon should be drawn In this report in order to enable 8 proper understanding of the accounts lo be reached. SM Bachrach FCA Independont Examlner Trading as Chalmèrs & Co. The Old Emporium Bow Street Langport Somers¢t TA10 9PQ
Boscombe Down Aviation Collection Limited (a company limited by guarantee) ststernent of Flnanclal athfties Ilncludlng Incom• and Exponditiire Account) For the year ended 31" May 2024 Ymr to 31.23 31.624 INCOME FR¢)M: Donalths and l•Jaoe• 3S.510 31.188 Chariiable actMtle8 176,458 176.458 163,7S2 TOTAL INCOME 211. 216,914 194.938 EXPENDITURE ON: CharKable •6vbtse• 210,764 461 211.245 3,599 214.844 191,734 TOTAL EXPENDrruRE 214.383 461 195,374 N•t Incom• I lou#iolng) v••ourcM for th• ymr Revalualjon ofethlbits Transfer on PUT(48e of owls N•t m¢)v•m•nt ITh fund• Q.415) 4.485 1070 1436) 4.357 1.942 14,357) 128 2,070 (438) R•con¢lll•tlon of lund•: Total lunds al 1 June 2023 Total fund• at 31 IY 2024 287,9)7 289.849 287,7 289.9TI 288,343 287,9)7 16117 128 th• year. JI trKom• and •xp•ndllur• r•l•t•s to ¢thtinuw a¢lhth•.
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Balan Shoet as al 31st IAay 2024 2023 10 1TT,703 177.737 12 5.4n 19,074 4.975 18.188 13 Cash al bart •nd kn hand Totsl Curr•nt AM•ts 131,11XI 132.907 156,070 155.646 14 26,427 25,622 129219 130.448 Tot•1 AM•ts l•M Cuff•nt U•bllltl•• Cr•dltorn: amount8 faknJ du• al nN)re than y•ar 308.185 15 16,945 20.278 289,977 287,907 Chartty Fund• 18 128 177224 112,825 169,832 118.075 RolUAti( r••er T(rt•l Unrn8triced 16 289.849 289,977 287.9D7 287.907 Tot•1 Ch•rlty lund• 17 For the year eThled 31st May 2024 the company is entitled to exwnptbn from audit under the provisions of 8e¢llon 477 of the C(ffipanle8 Acl 2IM relaling to srnall mpar88. Mernbers have not requred the company to obtaln an audit of Ets finan¢lal Statents for the year ended 31st May 2024 in acc(dance wilh se(#iM 476 of the cpanIeS Act 20C6.
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Balance sheet -conllnLd As at 31 May 2024 The trustee's acknovAedge their respcvlsiblities foT'. and 387 of the Cornpanies Act 20(, and 2) preparing financial statements whith gi¥e a and fair of the 5tste of affalrs of the company as at the erKI of each fmancial year. WKI of its results for eath finanoal year in acrdanCe vAthin the requirements of the Ciynpanies Act 20[ relating lo The8e financio18tatements have been prepared in accordan( ith the provisicms aFplicable to small ¢ompanle8 W to the small reg#ne 8rwJ in xcordan(% *ith FRS 102 SORP. e financial statements were ap¥ved by ts 808Kd of Irustees M11 f4bas arKI re signed on their behalf by: r J. Sharpe RAF (Retd) Dlrector and trustee. io
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notes to ts Finan(xd year ended 31 May 21r24 The chwity 18 a public benefft w)tity a private cornpary kniited ty guarantee. regtered United lQngdom and a regISted dwity in ErvJlarMI Wa18s. The address of the registered offi15 Hanger 1 S. Old Sarum Airfld, CM Sanmi, Salisbury SP4 6DZ. Reporting Stand¥d appfKable A) the UK a1 thè RepublK of Ireland, the Statemert of Rel•m8nd Practlce applicaiAe lo dwibes prepwirwJ their a(thunts in accordan wlth the FinancAal RepOn9 strnda applicabb8 in ts UK and RePAl¢ of Irel•xl (FRS 102) {Charfli88 SORP 2019 (FRS 102)) ClIeS 2(KI3. A¢counllng Pollcl•• B••l• of pr•parfng th• fln•ncW •tstsm•nts: Recommended Practi. Accountlng and Rwting by Charities preparing their acxounts In acrA)rdan( vAth the Flnanclal Rep(Ung StsThJanl3 applicable kn1he UK and ReputAk of Ireland (FRS 102) is8u&J in OLtober 2019. the FinwKxal Rep(ting Standard applioble In the United lQngdom WKI Republic of Ireland IFRS 102) and the Charities Act 2011. The Chanty Constitutes a PiC benefft entity as by FRS 1W2. The finandal statemts we prnpued Is tho cxwmcy of1ho ch•ity. otherwl8e 8tatsd. In¢om•: AH Inciyrn18 recogniwj In the Stateffert Of Flnancid Acbvilm (SOFA) on the date that the charty has legal entidemrt to the arnl the aftUnt be quantified vAlh rea8cmabla dl8counts, other sal86 laxes WKI not d VAT. Exp•ndltur•: relevant he•Jlng that aggregate al rdated to the (xtsg¢xy. there (Thts (xnnot be directy athibuted to ldIng5 they have been all(Kated to the relevant category on a basis u)nsistent wilh the use of resour(xs. Res(xrn expended on charitth adivities c¢Anpri6e all the re50urc86 ap1 by ur¥JertakirwJ its to rnt its. carltabte (*)ieckn8. Grants: Grant income is recognHed on a receiydble basls. a restrictlon is phc•J on the uge of the grant. the anwnl of the grwrt b Induded in restriGted (>ant experKliture is Tecognlsed ffl a pay8blo basis.
Boscombe Down Aviation Collectton Limited (a company limited by guarantee) Notes to ts Financial Statements year ded 31 May 2024 (continued) Tanglbl• fix•d a•sats: Al fixed assets are inibally recon at cosl. Items or exhlbits frKming the Museum display a at Valuati are not subject to set deprecia11. livos as follows: OffKW equipnth 10% rndwing balrni Fixtur08 and Fittlw8 10% reducing balanc• Fund •¢countlng: lald dtr4ffl by the drAKY. Stock: Qolnu ¢onwn Tax•llon The company is a registered (*wity. As suth Ihe compary has obtalned caxffton from HM ReVue arKI Custorns that c1xpallQn tax IB not payable on Ihe surpluses generated. Fln•nclal In•trum•nts Financial instruments are dassified a1 ac¢cMmW for. ac(xYding to 1he Substance of the crythctual arralyrtt, as elther firwNial assets. fin¥K4al liabllities or equty instruments. An equty instrument is any c¥thd Ihat e¥wJerrns a resmlual interost in fv assets of the company after dedtKling al of rfs liabilibes. 12
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notes to the Financial Statements year ended 31 May 2024 (conbnued) 31.5.2tr24 31.5.23 4 Donatlons and l•g•d•• 21.980 21.980 18.659 GfftA 8.778 Local Grnnts 4.752 4.752 4,031 35.510 4,946 40.456 31,186 31.5.2024 31.5.2023 6 Charltabl• •thlll•• Muwum enty fees Shw •al•• 122.7SI 122.757 111.613 34.286 30.537 13.567 14.211 7,391 163.752 13,567 Other tradlw *Kome 176,458 176.458 13
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notes lo the Financial statem year ended 31 May 2024 (continued) 31.624 31.523 Chrltabh clMtI•• Cleaning w)en8es 15.855 15,855 19,461 Crndll r*rd dwry8• 2.119 5.450 2,119 5.450 1.851 Donati olfty¢d aM8ts Inote 10> 6.175 6.175 7.001 ht & H••1 H•allh & S•tsty 13.5(Kl 1.861 13.5(Ki 12.54S Rates & 6.956 125.460 128.180 128.160 3,021 481 Trnnsport COBts 974 256 412 Ttaini Trn¥el & sthl8ten 2.814 210.784 2.814 211.425 461 191,734 31A24 31.623 2,71 2r2 2.730 281 2n 13 13 13 14
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notes to the Finanaal Statements year ended 31 May 2024 (continued) Ind•p•nd•nt Examln•don F••8 ol the finanaal statents incbjing There were no tru8t. rwnunerallon. oth•r benofts or reIrnad pald for11 yr eTrJed 31 May 2024 nor for the yw ended 31 May 2023. 10 T•n9lbl• flx•d ••••ts revalu•d On 31 May 2(Y22 by tr Charfty'8 ProlKt T•thriul L)kedor. Flth equnt and IKb'r¥J• T(al 161.079 13.269 13.108 187.456 A8 al 1 June 23 ln 4.357 Diw8a 15.450) (5,450> A• at 31 May 2024 158,629 13,447 17.465 189.541 15
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notes to the Financial Statements year erthd 31 May 2024 (continued) 4.105 5.614 9.719 A8 at 1 Jun• 21Y23 Charge for th• year 1.185 2,119 at 31 May 2024 S.039 11.838 Not book valu• At 31 May 2024 At l June 2023 158,629 10.668 177.703 7.494 177.737 161.079 9,164 beon £29,740. 11 R•v•lu•tlon of A•••ts Th• nxM•um'• of ¢thk41• are In the balance 8heot Inw •1 pur(*a•e Ymrto 31.6.24 Y••rlo 31.623 V•lu•tlon Of ExhllAi• The aB¥ets IA8t yakd kn 2tr22 ty the chari8 Proio(a Di0r and ¥alu•. 12 8to¢k Y••r to 31.S.24 Y••r to 31.$23 5,4f 4,975 5,472 4,975 Yr to 31.&24 Y•ar to 31A23 18,634 17.758 19.074 18,188 16
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Notss to the Finanaal staterne year ended 31 May 2024 (continued) Ymrto 31.524 Y•arto 31.5.23 14 Credltt)rn; Amounts falllng du• TAlihln on• y••r 8.5 5,791 1.148 1.148 15.350 15.350 UnwoJr•J loan8 28.427 25.622 Th• MNir•d £15.350 havè been made ty TN•1 ofthe Chwlty. The wt•tandirvJ bthn It 31 2W14 •• •• fokn: Sqn Ldr J Shary>e Mr& Mr• R Full 122(Xl 3,150 15,350 Ymr to 31.524 Y•ar to 31.623 16.945 20,278 A bounc• bad( k)an of£30.IXX) taken in 2020 ¥thith i¥ fopayth (Ngr 120 rnon. Repayments CAxnm8nced in Juty 2021. Interest is rJ)aryed al 2.5% *ith the fi1 year8 Intwest being PaKI by tho UK Go•¥ 17
Boscombe Down Aviation Collection Limited (a company limited by guarantee) Ncrtes to the Financial statem year ended 31 May 2024 (continued) At 1 Jun• kn¢omlng Outyolng Fixod •s$6t At 31 IA•y 16 N•t Movom•nt kn fund• Unrnstrlct•d fun Retr fiJnds are treaw 48 In theAcc(Mmlwy Poky on pag8 12. Grants of£4.946 were led ffom local th• ye•r to be ed t(r•Ards the 0>8t of 17. Unr••trfct•d RtrIct•d Talal FuThd• Totsl g•n•r•l fund8 Fund• 2023 Fund• T•nglblèA8Mt8 CurrgntA•Mts: 171,703 177.703 1TI,737 stoc8 5,472 19,074 130.9n 5.4n 19.074 18,188 131.1CKI 132,KI7 155,646 156,070 4,975 Debtor• Ca8h at bank and kn hwxl 128 155,518 128 Amounts fallng duo th*hkn >Yar P6.42n {26.427) 125.622) 16 Fund Balanc 18
Boscombe Down Aviation Collection Limited {a company limited by guarantee) Notes to the Financial statnents year ended 31 May 2024 (continued) nd•p 19