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|||||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|
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|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.|
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|||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||||||
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||||||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|
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|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||
##
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|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||
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|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~||
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##
|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||
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|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||||||
##
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##
||||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|
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##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||E||
|Financial|assets measured||at arnortised|cost|||
|Financial|liabilities|measured|at amortised|cost|||
##
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##
|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|
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|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|
##
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||||||||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|
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