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|||||Page|
|---|---|---|---|---|
|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|
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|Descri
tion||Im|ct|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.|
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|||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|
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|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|
##
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##
|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|
##
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|2022|2021|
|---|---|
|6|6|
|4,800|4,800|
##
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##
|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|
##
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##
|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|
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|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|
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|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|
##
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##