2021-03-31-accounts

				Page
Reference and administrative		details ofthe charity, its trustees	and advisers
Trustees' report				2-6
Independent	auditors' report			9-12
Consolidated	statement offinancial activities			13
Consolidated	balance sheet			14
Company balance sheet				15
Consolidated	statement ofcash flows			16
Notes to the	financial statements			17-37

The prop	osed	stra	tegy for	managing e	ach ofthese ri	sks isset out below:
Dsscri	tlon			Im act	Probe bit	Mana ement Strate
Failure to retain or recruit				High	High	Work with staff to maintain engagement and morale.
key staff						Maintain good working conditions. Employ advertising and
						and a encies for recruitment.
Failure ta secure			revenue	High	Medium	Build on knowledge ofthe grant body market gained during
grant aild						project development and maintain contact with these
						bodies.
Failure to achieve				High	Medium	The long-term sustainability ofthe project is dependent on
projected	visitor figures					visilor projected visitor figures income. Continually test
						feedback from users and identify underrepresented groups.
						Maintain marketing and PR plan to ensure continued
						en a ement.
Lack ofusage of			the	Medium	Low	Identify potential users from a range ofaspects and tailor
facility						marketing and communications to cater forthese groups.
						Record reviews from previous users to incorporate into
						Marketin and PR lan
Failure to attract				Medium	Medium	Continuation ofstakeholder meetings with educational
educational		groups				providers, engagement workshops and referrals from
						previous school visits. Keep abreast ofchanges ta the
						National Curriculum
Revenue	income		/	Medium	Medium	Seek to identify alternative sources of income, Find ways
expenditure		estimates				to reduce running costs, such ss renewable energy. Seek
prove to	be	inadequate				one offgrants to increase marketing / activities to increase
						number ofusers. Keep abreast ofpotential grant funds
						available and a I if relevant.

		Unrestricted	Restricted	Total	rofal
		funds	funds	funds	funds
		2021	2021	2021	2020
	Note	8	8	8
INCOME FROM:
Donations and legacies	2	442,607	293,286	735,893	335,022
Charitable activities:	3
Other charitable activities		71,290	49,550	120,840	243,269
Other trading activities		125854		125854	403212
TOTAL INCOME		639751	342536	282587	1041503
EXPENDITURE ON:
Raising funds		12,410	128,451	140,861	167,436
Charitable activities:
Memorial and centre		539,663	386,288	925,951	673,486
Archive		28,171		28,171	11,811
Site landscaping Other charitable activities		~189706	35,716 148968	35,716 ~lS 746	18,838 507968
TOTAL EXPENDITURE		~86 85	631415	1281953	t37955II
NET INCOME I(EXPENDITURE) BEFORE
TRANSFERS Transfers between Funds	19	249,213 123694	(348,579) ~423 854	(99,366)	(338,056)
NET INCOME / (EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES		372,267	(471,633)	(99,388)	(338,056)
NET MOVEMENT IN FUNDS		372,267	(471,633)	(99,366)	(338,056)
RECONCILIATION OF FUNDS:
Total funda brought forward TOTAL FUNDS CARRIED FORWARD		553885 6527857 ~~2.~EESerlZ6.		6581962 ~482J'M.	69t9559 ~~f~f92

	CONSOUDATED	BALANCE SHEET	BALANCE SHEET
	AS AT 31	MARCH	2021
	Note		2021f			2020
FIXEDASSETS
Tangible assets	12		7,701,007		7,	758,513
CURRENT ASSETS
Stocks	14	51,848		49,923
Debtors	15	453,010		977,539
Cash at bank and in hand		~424	21	356528
		929,379		1,384,040
CREDITORS: amounts one year	falling due within 16	~615262		I 245094
NET CURRENT ASSETS			!~22			136 46
TOTAL ASSETS LESS	CURRENT LIABII.ITIES		8.013,589		7,697,459
CREDITORS: amoums mom than one year	falling due after 17		~1~1453		1	15957
NET ASSETS
CHARITYFUNDS
Restricted funds	19		5,555,974		6,027,607
Unrestricted funds	19		826 162			553835.
TOTAL FUNDS

			2021		2020
	Note		2
FIXED ASSETS
Tangible assets			7,698,693		7,753,661
Investments	13		100		100
			7,608,793		7,753,761
CURRENT ASSETS
Debtors	15	495,783		1,018,529
Cash at bank snd in hand		~41~		3475
		014,806		1,366,109
CREDITORS: amounts one year	falling due within 16	~00001		1222 411
NET CURRENT ASSETS					113698
TOTAL ASSETSLESS	CURRENT LIABILITIES		8,013,589		7,897,459
CREDITORS: amounts	falling due after
more than one year	17		1 531453		1315957
NET ASSETS
CHARITY FUNDS
Restricted funds					6,047,607
Unrestricted funds			0000136		~3090
TOTAL FUNDS

					2021	2020
				Note	E	6
Cash flows from operating Net cash provided by/(used	activities in) operating	activities		21	~04 202	~442 638
Cash flows from investing	activities:
Dividends. interest ahd rents from investments Purchase oftangible fixed assets Net cash used in investing activities					(74,375) ~435403 ~200 020	(83,775) ~12664 ~06439
Cash flows from financing	activities:
Repayments of borrawings					(473,511)	(420,128)
Cash inflows from new borrowing						460,72r
New loans					00 000
Net cash (used In)/provided	by financing		activities		423 511	40583
Change In cash and cash	equivalents	In	the year		67,943	(168,484)
Cash and cash equivalents	brought forward				306520	525 062
Cash and cash equivalents	carried forward				~4521	~KKrR

INCOME FR	OM	DONATIONS AND L	EGACIES
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021f	2021f	2021	2020
Oonstions			172,005	1,550	173,555	315,022
Grants			225,694	291,736	517,430	20,000
Government	grants		44,908		44,908
Total donations		and legacies

INCOME FROM CHARITABLE	ACTIVITIES
	Unrestricted	Restricted	Total	Total
	funds	funds	funds	funds
	2021	2021	2021	2020
	E	8	8
Memorial snd centre
Total 2020

DIRECT C	O	STS
			Memorial			Total	Total
			and centre	Archive	Trading	2021	2020
			E		E	6
Purchases					72,952	72,952	221,468
Technology	costs		55,216	28,171		83,387	44,866
Energy costs			1$,506			19,506	36,185
Telephone,
postage	and
stationery			6,610			6,610	5,036
Other costs							135
Operating
leases - other			2,000			2,000	2,000
Wages end
salaries			100,591		1S4,308	254,897	295,578
National
Insurance			8,017		3,820	9,837	11,702
Pension cost			1,365		2,25$	3,624	4,036
Total 2020
SUPPORT	COSTS
						Memorial	Site
					Governance	and centre	landscaping
					E	8
Purchases
Technology	costs
Consultancy					30,099
Maintenance		ot premises				94,902	3S,718
Cleaning
Telephone.	postage and stationery
Other costs
Bank interest		and charges				80,281
Auditors' remuneration					9,364
Depreciation						190,421

SUPPORT	COSTS (congnued)
			Total	Total
		Tradingf	2021f	2020f
Purchases				143
Technology	costs	70	70	741
Consultancy		40	30.139	18,940
Maintenance	of premises		130,618	220,862
Cleaning		31,507	31.507	47,101
Telephone,	postage and stationery	565	565
Other casts		1,813	1,613	2,172
Bank interest and charges Auditors' remuneration		731 5,632	$1,012 14,'996	95,955 16,505
Depreciation		2,538	192,959	183,898

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
			2021f	2021f	2021f	2020f
Support costs - Governance Governance —Trustees' remuneralion			23,$68 4,800	15,797	39,463 4,800	30,869 4,'800
			~%~LZlK		~L@t3-~Udice

ANALYSIS OF EXPEN	DITU	R	E BYEXPEN	E BYEXPEN	DITURE TYPE
			Staff costs		Depreciation	Other costs	Total	Total
				2021 f	2021 f	2021 f	2021f	2020f
Expenditure on raising
voluntary income						140,861	140,861	167,436
Costs ofraising funds						546 681	14ttse1	1 7436
Memorial snd centre				107,073	190,421	2S8,515	556,909	673,446
Archive						28,171	28,171	11,811
Site landscaping						35,716	35,716	18,838
Trading				160,385	2,538	113,110	276,033	472,359
Charitable activities		~2856			~52455	425512	854824	1116454
Expenditure on
governance				4,800		30,483	44,283	35,669
Total 2020		~)fluff('l			~~k~
TURNOVER
All turnover arose within	the	United Kingdom.
NET INCOMEt(EXPENDITURE)
This is stated after charging:
							2021f	2020f
Depreciation oftangible fixed assets. -owned by the charitable group Auditors' remuneration -audit Auditors' remuneration -other services Operating lease rentals							192,959 183,898 5,100 5.600 8,069 10.905 ~ts~

Stalf c	osts were as follows:
		2021f	2020
Wages	and salaries	259,697	300,378
Social	security costs	9,637	11,702
Other	pension costs	3,624	4,036

The ave	rage number ofpersons employed by	the company during the year was as follows:
		2021	2020
		No.	ivo.
General	staff	21	27

2021	2020
6

TANGIBLE FIXEOASS	ETS
	Freehold	Plant and	Fixtures snd	Computer
Group	property f	machinery f	fittings f	equipmentf	Totalf
Cost
At 1 April 2020 Additions	8,079.875 ~10 002	~1573	9,400	59,877 8,149,152 17020135453
At 31 March 2021	~01 2007	1573S~400		76903	~02 4005
Depreciation
At 1 April 2020 Charge for the year	346,620 ~7036 2	4,548 39,471 3034~022035			390,839 ~702
At 31 March 2021	~102'72	3084	7 00ID,	82306	503 590
Net book value
At 31 March 2021
At 31March 2020			~JhR	~K~a'ill
		Freehold	Plant and	Computer
Company		property f	machinery f	equipment f	Totalf
Cost
At 1 April 2020 Additions At 31 March 2021		8,079,875 ~72002 ~~t	59,877 15735 17020 ~5735~703		8,139,752 135453 ~275205
Oepreclation
At 1 April 2020 Charge for the year		346,620 103602	39/71 39$4~35		386,091 190421
At 31 March 2021		010272	3934	62306	576 512
Net bock value
At 31 March 2021
At3f March 2020

			Grou		Com an
		2021f	2020f	2021	2020
Bank loans and overdrafts		211,474	18,750	211,474	18,750
Other loans		108,704	1,014,810	108,704	1,014,810
Trade creditors		111,921	27,118	110,534	22,613
Other taxation ahd social security		4,837	11,042	2,397	1,343
Other creditors		155,510	157,497	154,997	156,963
Accruals and deferred	income	24,351	15,877	11,904	8,032

		Grou		Com an
	2021f	2020f	2021f	2020f
Bank loans	996,225	1,189,923	996,225	1,189,923
Otherlcans	535,228	126,034	535,228	126,034

Included within the above srs amou	nts felling due as follo	ws:
		Grou		Com	an
	2021f	2020f	2021f		2020f
Between one and two years Bank loans Other loans	227,377 188,105 ~~L~~f		227,377 ~0IL	188,105
Between two and five years
Bank loans Other loans	722,902 ~IS~	598,270	722,902	598,270
Over five years Bank loans	~5iie	~EUar	~ran	~40	54

					2021	2020
					E
Financial	assets measured		at arnortised	cost
Financial	liabilities	measured	at amortised	cost

STATEMENT		OF FUNDS - CU	RRENT YE		AR
									Balance at
				Balance at				Transfers	31 March
			1	Aprg 2020		income	Expenditure	in/out	2021
					6	6	6	6	6
Unrestricted	funds
General Funds		- all funds			407,704	468,989	(114,505)	123,054	886,242
Trading					146,191	170,762	(276,033)	-	40,920
					553098	039751	~390538	123054	920162
Restricted funds
International	Bomber Command		Centre		680,056	51,725	(119,928)		611,855
HLF Fund					2,138,088	(308,095)	(91,284)	(89,816)	1,648,893
MOD Chadwick		Centre Fund			2,079,188		(47,049)		2,032,139
NKDC Catering		Fund			191,352		(4,000)		187,352
BIFFAAward	funding				679,594		(14,112)		665,482
WREN					259,329		(6,120)		253,209
CRF						590,200	(408,744)	(33,238)	148,218
SEGL						9,006	(180)		8,826
					6027857	342936	~891415	~623006	5565974
Total offunds
STATEMENT	OF FUNDS - PRIOR YEAR
									Balance at
				Balance at				Transfers	31tifarch
			1		April 2019	income	Expenditure	infout	2020
					E
General funds
General Funds Trading		- all funds			314,990 48 635	453,622 403212	(351,108) ~472 359	106 703	407,704 146 191

Restricted funds
International Bomber Command	Centre	1,005,625	102,469	(428,038)		eeo,056
HLF Fund		2,256,602		(11,811)	(106,703)	2,138,088
MOD Chadwick Centre Fund		2,120,361	2,000	(43,173)		2,079,188
NKDC Catering Fund		195,352		(4.000)		191,352
BIFFA Award funding		693,706		(14.112)		679,594
WREN		284,287		(24,958)		259,329
Charles Heywood Fund			20,000	(20,000)
		6555933	~1244	~046092	~1~6 703	6027607

							Unrestricted	Restricted	Total
							funds	funds	funds
							2021f	2021f	2021f
Tangible fixed assets							2,317,913	5,383,094	7,701,007
Current assets							756,499	172,880	929,379
Creditors due within one year							(616,797)		(610,797)
Creditors due in more than			one year				(1,531,453)		(1,531,453)
ANALYSIS OF HET ASSETSBETWEEN FUNDS -						PRIOR YEAR
							Vnrestncted	Restricted	Total
							funds	funds	funds
							2020f	2020	2020f
Tangible fixed assets							2,899,714	4,858,799	7,758,513
Current assets							195,232	1,168,808	1,384,040
Creditors due within one year							(1,245,094)		(1,245,094)
Creditors due in more than			one year				(1,315,95I )		(1,315,957)
21.	RECONCILIATION	OF NET MOVEMENT			IN	FUNDS TO	NET CASH FLOW	FROM OPERATING
	ACTIVITIES
									Grou
								2021f	2020f
	Net expenditure for	the year (as per Statement				of Financial	Activities)
								(99,366)	(338,056)
	Ad)ustment for:
	Depreciation charges							192,959	183,899
	Dividends, interest and rents from investments
	Increase in stocks							(1,925)	(2.862)
	Decrease in debtors Increase/(decrease)		in creditors					524,529 398,251 85085~353810
	Net cash provided	by/(used		in) operating	activities		~~~11283a

ANA	LY	SIS O	F C	AS	H AND CASH ECIUIVALENTS
							Grou
						2021	2020
						E
Cash	at	bank	and	in	hand	424 523	3565f8
Total

At 31 M operating	arch 2021 the total of the group's future leases was:	minimum lease payments under non-c	ancellable
		2021	2020
Group		E	6
Amounts	payable:
yWthin 1	year		1,668
Between	1 and 5years		3535