2022-03-31-accounts - Lincolnshire Bomber Command Memorial

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Reference snd administrative		details	ofthe charity, its trustees and advisers
Trustees' report				2-8
Independent	auditors' report			9-13
Consolidated	statement offinanchrl		activities	14
Consolidated	balance sheet			15
Company balance sheet				16
Consolidated	statement ofcash flows
Notes to the	financial statements			18 —38

Descri tion		Im	Probsbil	Mana ament S
Failure to retain or recruit		High	High	Work with staff to maintain engagement and morale.
key staff				Maintain good working conditions. Employ advertising snd
				and ncies for recruitment.
Failure to secure revenue		High	Medium	Build on knowledge ofthe grant body market gained during
gfafit aid				project development and maintain contact with these
				bodies.
Failure to achieve		High		The long-tenn sustainsbility of the project is dependent on
projected visitor figures				visitor projected visitor figures income. Continually test
				feedback from users snd identify underrepresented groups.
				Maintain marketing and PR plan to ensure continued
				en a ament.
Lack ofusage ofthe		Medium	Low	Identify potential users from a range ofaspects and tailor
facility				marketing snd communications tocater for these groups.
				Record reviews from previous users to incorporate into
				Markett and PR an
Failure to attract		Medium	Medium	Continuation ofstakeholder meetings with educational
educational	groups			providers, engagement workshops snd refenels from
				previous school visits. Keep abreast ofchanges to the
				National Curriculum
Revenue income I		Medium	Medium	Seek to identify alternative sources ofincome. Find ways
expenditure	estimates			to reduce running costs, such as renewable energy. Seek
prove to be	inadequate			one off grants to increase marketing Iactivities to increase
				number ofusers. Keep abreast of potenfial grant funds
				available snd a ifrelevant.

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
	Note	E	E	E	E
INCOME FRONI:
Donations and legacies	2	791,071	521,493	1,313,484	735,893
Charitable activities:	3
Other charitable acsviSes Other trading activifies		191,81O S00,877	103,723	295,533 SOS,'677	120,840 f25,554
Ifivestal ento	4	9		9
TOTAL INCOME		1,492,487	62S.216	2,117,683	98E587
EXPENDITURE ON:
Raising funds		25,191	161,067	186,258	140,501
Charitable activiSes:
Memorial and centre		S39,663	388,288	925,951	925,951
Archive		20,171		28,171	28,171
Site landscaping			35,716	35,715	35,715
Other charitable activities		(7,148)	172,289	185,141	(48,748)
TOTAL EXPENDITURE	8	S05,077	755,380	1,341,237	1,081,953
NET INCOME I(EXPENDITURE) BEFORE
TRANSFERS		906,590	(130,144)	776,446	(99,3SS)
Transfers between Funds	20	233,834	(233,634)
NET INCOME I(EXPENDITURE) BEFORE
OTHER RECOGNISED GAINS AND LOSSES		1,140,224	(363,770)	776,446	(99,3SS)
NET MOVEMENT IN FUNDS		1,140,224	(363,770)	776,446	(99,3SS)
RECONCILIATION OF FUNOB:
Total funds brought forward		928,182	5,555,974	8,482,138	5,919,555
TOTAL FUNDS CARRIED FORWARD		2,066,388	5,192,198	7,258,582	S,820,I92

	Note		2022 6		2021f
FIXEDASSETS
Tangible assets	13		7,538,043		7,701,007
CURRENTASSETS
Stocks	15	40,524		51,848
Debtors	16	165,771		453,010
Cash at bank and in hand		r01,9sr		424,521
		908,252		929,379
CREDITORS: amounts	falling due within
one year	17	(445,056)		(616,797)
NET CURRENT ASSETS			463,196		312,592
TOTAL ASSETSLESS	CURRENT LIABILmES		8,001,239		8,013,589
CREDITORS: amounts	falling due after
more than one year	18		(742,657)		(1,531,453)
NET AS8ETS			7,258,582		6,482,136
CHARITYFUNDS
Restricted funds	20		S,192,196		5,555,9T4
Unrestricted funds	20		2,066,386		926,152
TOTAL FUNDS			7,258,582		5,482,136

		COMPANY BALANCE SHEET	COMPANY BALANCE SHEET
		AS AT 31 MARCH 2022
		Note		2022 6		2021f
FIXEDASSETS
Tangible assets		13		7,534,507		7,698,693
Investments		14		100		100
				7,$34,607		7,696,793
CURRENTASSETS
Debtors		16	104,892		495,763
Cash at bank and in hand			670,030		419,023
			864,022		914,606
CREDITOR8: amounts	falling due wfihin
elle year		17	(306,006)		(600,010)
NET CURRENT ASSETS				468,016		314,796
TOTAL ASSETSLESS	CURRENT LIABILITIES			8,002,713		6,013,589
CREDITORS: amounts	falling due after
more than one year		18		(742,657)		(1,531,453)
NET ASSET8				7,260,058		6,462,136
CHARITY FUNDS
Restricted funds				5,721,458		5,555,974
Restricted funds - analysed		20
Unrestricted funds				1,536,598		926,162
TOTALFUNDS				7,260,056		6,46E136

			Note	2022 6	2021f
Cash flows from operating	activities
Net cash provided by operating activities			22	1,192,220	701,282
Cash flows from investing	activnies:
Dividends, interest and rents from investments				(9)	(74,375)
Purchase oftangible fixed assets				(14,407)	(135,453)
Net cash used in Investing	actlvldes			(14,418)	(200,828)
Cash flows from Snanclng	activities:
Repayments of borrowings				(900,368)	(473,511)
New loans
Net cash used in financing	activities			(900,368)	(423,511)
Change in cash snd cash	equivalents	In the year		277,43B	67,043
Cash end cash equivalents	brought fonvsrd			424,521	356,578
Cash and cash equivalents	carried forward		23	701,957	424,521

2.	INCOME	F	RO	M DONATIONS AND LEGAC	IES
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2022	2022	2022	2021
					6	6	6
	Donations				782,587	9,042	791,629	173,555
	Grants				8,100	512,451	520,551	517,430
	Government		grants		1,284		1,284	44,968
	Total donations snd legacies				791,971	521,493	1,313,464	735,893
	Total 2021				442,607	293,286	735,893
3.	INCOME	FROM CHARITABLE ACTIVITIES
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2022 6	2022	2022 6	2021f
	Memorial	and		centre	191,810	103,723	295,533	120,840
	Total 202	1			71,290	49.550	120,840
4.	INVESTMENT			INCOME
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
					2022 6	2022 6	2022f	2021f
	invesirneni		income - local cash

SUPPORT	C	OSTS
				Memorial	Site
			Governancef	and centre f	landscaping	f
Purchases
Technology	costs
Consultancy			32,428
Maintenance		ofpremises		92,152	22,726
Cleaning
Telephone,	postage and stationery
Other costs
Bank interest		snd charges		66,071
Auditors' remuneration			13,055
Depreciation				175,995
				334,218	22,726
Total 2021			39,463	365,604	35,716

				Total	Total
			Trading	2022	2021
			8	6	S
Technology	costs				70
Consultancy				32,463	30,139
Maintenance		ofpremises		114,878	130,616
Cleaning			50,581	50,581	31,507
Telephone,	postage and stationery		940	940
Other costs			3,578	3,578	1,613
Bank interest		snd charges	2,601	68,672	ef,o12
Auditors' remuneration			5,375	18,430	14,996
Depreciation			1,394	177,389	192,959
Subtotal			64,504	466,931	462,914
Other support		costs			565
				466,931	463,479
Total 2021			42,696

		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		2022	2022	2022	2021
			8	6	S
Support costs - Governance		8,N4	36,879	45,483	39,463
Governance	-Trustees remuneration	4,800		4,NO	4;eoo
		I3,404	36,879	50,283	44,2S3

ANALYSIS	OF EXPENDIT	URE BYEXPEN	DITURE TYPE
		Staff costs	Depreciation	Other costs	Total	Total
		2022 8	2022 E	2022 6	2022f	2021 4
Expenditure	on raising
voluntary income				186,2SS	186,258	140,861
Costs ofraising funds				186,258	186,258	140,801
Memorial and centre		126,330	175,$9S	220,746	523,071	555,909
Archive				11,61'7	11,617	28,171
Site landscaping				22,726	22,726	35,716
Trading		233,196	1,394	312,692	547,282	276,033
Charitable	activiSes	359,526	177,389	567,781	1,104,696	896,829
Expenditure	on
9overnance		4,800		45,483	50,283	44.253
		364,326	177,38$	7$$,522	1,341,237	f,081,953
Total 2021		273,158	192,959	515,835	1,081,953

				2022	2021
				6	5
Depreciabon of tangible		fixed assets:
-owned by the charitable			group	177,371	192,959
Auditors' Auditors'	remunera5on remuneratkxi	-audit -other	services	S,350 7,705	5,100 8,'059
Operating	lease rentals			2,000	2,000

STAFF COSTS Staff costs were ss follows:
	2022	2021
	6	6
Wages and salaries	343,043	259,697
Social security costs	16,216	9,837
Other pension costs	5,067	3,624
	364,326	273,158

2022	2021
6	6
4,800	4,800

TANGIBLE FIXEDASSET	S
	Freehold	Plant and	Fixtures and	Computer
	property	machinery	fittings	equipment	Total
Group	6	6	E		6
Cost
At 1 April 2021	8,182,567	15,735	9,418	78,903	8,284,623
Addibcns	10,375	1,524	2,508		14,407
At 31 March 2022	8.192,942	17,259	11,926	78,903	8,299,030
Depreciation
At I April 2021	510872	3,934	7,104	62.306	S83,618
Charge for the year	163,8S9	3,331	1,376	8,805	177,371
At 31 March 2022	674,131	7,265	8,480	71,111	760,987
Net book value
At 31 March 2022	7,518,811	9,994	3,446	S,792	7,S38,043
At 31March 2021	7,672295	11,801	2,314	14,597	7,701,007
		Freehold	Plant and	Computer
Company		property 6	machinery 6	equipment 6	Total 6
Cost
At I April 2021		$,182,567	15,735	76,903	8,275,205
Additions		10,375	1,524		11,899
At 31 March 2022		0,192,942	17,259	76,903	8,287,104
Depreciation
At 1 April 2021		510,272	3,934	62,306	576,512
Charge for the year		163,8S9	3.331	8,805	175,995
At 31 March 2022		074,131	7,265	71,111	752,507
Net book value
At 31 March 2022		7,518,811	9,994	5,792	7,534,597
At 31March 2021		7,672,205	11,801	f4,597	7,89ES93

						Shares	In
						group
						undertakings
Company							5
Nominal	value
At 1 April	2021	and 31	March 2022			100
Company	investments		at nominal	value comprise:
					2022	2021
					5
Group					100	100
No investment		assets are held outside ihe UK.

DEBTORS
			Grou		Com n
		2022 6	2021f	2622 6	2021f
Trade debtors		12,673	6,330	3,508	743
Amounts owed by group undertakings				42,025	48,842
Other debtors		8,203	23,378	6,203	22,895
Prepayments	and accrued income	146,895	423,302	143,156	423,302
		165,771	453,010	194,892	495,783

				Com an
	2022	2021	2022	2021
	6	5	K
Sank loans and overdrafts	208,587	211,474	208,587	211,474
Other loans		108,704		10E704
Trade creditors	33,274	111,921	22&877	110,534
Other taxation and social security	14,284	4,837	2,252	2,397
Other creditors	155,824	155,510	153,$90	154,997
Accruals and deferred income	33,087	24,351	9,500	11,904
	445,05$	616,797	396,906	600,010

						Grou		Com n
					2022	2021	2022	2021
					E	E	E	E
Bank loans					742,657	995,225	742,657	995,225
Other bans						535,228		535,228
					742.657	1,531,453	742,657	1,531,453
Included within the above		are amounts	falling due as follows:
						Grou		Com an
					2022 E	2021 f	2022 E	2021 f
Between one	and two years
Bank loans					210,$87	227,377	210,987	227,377
Other loans						50,000	~	50,000
Between two	and five years
Bank loans					531,670	722,902	531,670	722,902
Other bans						485,228		485,228
Over five years
Bank loans								45,946
Creditors include amounts		not wholly	repayable		within 5years	as follows:
						Grou		Com n
					2022 E	2021 f		2021 E
Repayable by	instalments					45,946		45,946
Secured Debts
The folknving	secured debts are included			within	creditors:
						2022		2021
						E		E
Bank &other bans						742.657		1,157,699

Financial	assets measured	at amorlised cost
Financial	liabilities measured	at smorlised cast

								Balance at
				Balance at			Transfers	31 March
				1 AprB 2021 6	Income 6	Expenditure 6	in/out f	2022 6
Unrestricted	funds
General Funds		- all funds		885,242	982,506	(40,059)	233,634	2,061,313
Trading				40,920	509,961	(S45,808)		5,073
				926,162	1,492,467	(585,877)	233,634	2,066,386
Restricted funds
Inlemalionsl	Bomber Command		Centre	611,055	112,765	(162,738)		561,882
HLF Fund				1,640,893		(120,040)	(130,835)	1,397,218
MOD Chadwick		Centre Fund		2,032,139		(47,049)		1,985,090
NKDC Catering		Fund		187,352		(4,000)		183,352
BIFFAAward	funding			665,482		(14,112)		651,370
WREN				253,209		(6,120)		247,089
CRF				I48,218	512,451	(400,321)	(102,709)	157,549
SEGL				0,826		(180)		8,648
				5,555,974	82S,216	(TS5,360)	(233,634)	5,192,198
Total offunds				B,482,136	2,117,683	(1,341,237)		7,258,582

ANALYSIS OF NETASSETS BETWEEN FUNDS - CURRENT YE	AR
	Unrestricted	Restricted	Total
	funds	funds	funds
	2022	2022	2022
		6
Tangible fixed assets	2,797,187	4,740,856	7,538,043
Current assets	456,912	451,340	908,252
Creditors due within one year	(445.056)		(445,056)
Creditors due in more than one year	(742,657)		(742,657)
	2,066,386	5,192,196	7,258,582
ANALYSIS QF NET ASSETS BETWEEN FUNDS - PRIOR YEAR
	t/niestricted	Restricted	Tote/
	funds	funds	funds
	2021f	2021 E	2021
Tangible fixed assets	2,899,714	5,383,094	7,701,007
Current assets	195,232	172,880	929,379
Creditors due within one year	(1,245,094)		(615,797)
Creditors due in more than one year	(1,315,957)		(1,531,453)
	533,895	5,555,974	6,482,135

RECONCILI ACTIVITIES	ATION	OF	NET MOVEMENT IN FUNDS TO NET CASH FL	OW FROM OPERAT	ING
					Grou
				2022	2021
				6	5
Net income/(expenditure)			for the year (as per Statement of Financial
Activities)				776,446	(99,366)
Adjustment	for:
Depreciation	charges			177,371	192,959
Decrease/(increase)		in	stocks	11,324	(1,925)
Decrease in	debtors			287,239	524,529
(Decrease)/increase		in	creditors	(60,160)	85,085
Net cash provided		by	operating activities	1,192,220	701,282
					Page 35

ANA	LY	SIS O	F C	AS	H AND CASH EQUIVALENTS
							Grou
						2022	2021
						5
Cash	at	bank	snd	in	hand	701,957	424,521
Total						701,957	424,521