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← South Yorkshire Aircraft Museum

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 08148551 (England and Wales) REGISTERED CHARITY NUMBER: 1149429

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

FOR

SOUTH YORKSHIRE AIRCRAFT MUSEUM

Leesing Marrison Lee & Co Chartered Certified Accountants 46 Main Street Mexborough South Yorkshire S64 9DU

SOUTH YORKSHIRE AIRCRAFT MUSEUM

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page
Report of the Trustees 1 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11 to 16

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Purpose of the Charity

The South Yorkshire Aircraft Museum was established in 1974 and is run by volunteers to preserve South Yorkshire's aviation heritage. The Museum was registered as a charity (1051994) on the 15 January 1996 and is an Accredited Museum with the Arts Council England (ACE). The Museum subsequently became Incorporated from 1st April 2013 and the Registered Charity number changed to 1149429.

The South Yorkshire Aircraft Museum is committed to enabling as many people as possible to enjoy and learn from the history of aviation and understand its relevance in the South Yorkshire region and beyond. This is achieved through the restoration, preservation and interpretation of our collection of aircraft, historic airfield buildings and other aeronautical artefacts through exhibitions and events for the benefit of the public.

INCORPORATION

The charitable company was incorporated on 18 July 2012 and commenced trading on 1 April 2013.

OBJECTIVES AND ACTIVITIES

Objectives and activities

In shaping our objectives for the year ahead, and in planning our activities, the Museum has considered the Charity Commission's guidance on public benefit and fee charging. The Museum relies on the income from entrance fees, group activities donations and events to fund our operating costs. Income from our Trading Company, The Doncaster 1909 Aeroplane Company Limited, also supports the museum in its objectives. In addition, we apply for Grants to support our restoration, building and other projects to enhance the experience of our visitors. In setting the level of fees, charges and concessions, the trustees give careful consideration to the accessibility and affordability of the museum as a public attraction to those on lower incomes, particularly in the South Yorkshire region.

The Museum's key objectives are:

  1. Ensure financial and operational sustainability through good governance and business practice; diversification of income streams; and through the effective recruitment of suitably skilled volunteers and employees.

  2. Improve the preservation of, and access to, the collection by planning and undertaking restoration projects, maintaining and improving museum buildings and providing undercover exhibition space for significant and vulnerable objects.

  3. Widening our Education and Leisure offering by attracting more family and school visits; forging stronger links with local schools and communities; and improving awareness of, and access to the museum.

The strategies we employ to achieve these objectives are to:

Consider the needs and requirements of our visitors and plan ways to improve the accessibility of the collection to widen our audience and increase footfall. Regularly review and improve our policies and procedures to meet ACE (Arts Council England) Standards. Assess and review resource requirements and recruit to meet those, ensuring trustees and other volunteers receive effective induction training and ongoing guidance. The Museum also considers ways to diversify and increase our income to meet ever increasing running costs. In addition, we assess, develop and review the Museum's Restoration Project Plan and Buildings Maintenance Plan and monitor progress against these to ensure we meet out charitable objectives.

We also seek support and guidance through membership of the following organisations

Page 1

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

ACHIEVEMENTS AND PERFORMANCE

Visitor Numbers

Visitor numbers were 24135 compared to 23345 from the previous full year. A very modest 3.5% increase on last year despite there being no Easter holiday included at the end of this year. Regular increases over the past ten years, excluding the Covid disruption, have brought us to a very sustainable level and activity this year, 25/26, is expected to show continuing growth. The lack of 'normal' school holiday activity, due to the very late Easter, makes it difficult to bring comparison at this time. Future publicity plans are being considered but our generic growth comes mostly from 'word of mouth' recommendations. Our online presence continues to be monitored and improved with the better use of 'Facebook' to keep our 'watchers' updated and, hopefully, eager to visit. Our shop staff and volunteers deserve credit and praise for their cheerful and enthusiastic efforts in keeping essential activities going and ensuring safe and enjoyable visits.

Energy Assessment & Report

As improvements to the Museum's buildings continue, great attention is paid to the inclusion of insulation and low energy lighting wherever possible. Energy use continues to rise slowly, mainly due to the increased amount of restoration work being undertaken, both on aircraft and buildings, for which the use of electric powered tools is necessary. Most of the site has had replacement low energy LED lighting installed. New LED tubes have been purchased for the entire, unconverted portions of the site and these have already been fitted to the highest use areas. The solar panels fitted to the workshop roof have shown a good reduction in energy costs. These, along with more efficient de-humidifiers, have reduced our daytime consumption to almost zero in summer. The incorporation of timer switches on the de-humidifiers should ensure that they do most of their work when there is 'free' electricity available. Our fixed rate contract ran out on the 31st of March 2025, and, after a horrendous year of dealing with British Gas (still ongoing), we moved to EDF at a slightly reduced rate from the previous year. We have since engaged in a three year contract with Eon Next at a similar rate. We are yet to be converted to an incoming payment system for 'exported' surplus from the solar panels but this is minimal and initial costs do not currently justify it.

Visitor Experience

We continue to hold our very successful 'Open Cockpit' weekends and have had a full year of ghosties and caravan rallies to supplement our income and visitor numbers. The Museum was well represented at 'away days' where members travelled to events and displayed cockpits etc. to help raise the Museum's profile and also bring back substantial amounts of donations.

Aircraft Restoration Projects

All of the restoration projects are carried out on site by our skilled volunteers. Activity in the workshop(s) is high with many projects, large and small, being started and other being completed.

Several more cockpits have been improved and will be able to be added to those available on 'Open Cockpit' days. Of note, the Falklands Scout helicopter is progressing well and the fuselage is now on display in the hangar with the tail to be added soon. The wings should shortly join the fuselage of the civil version of the Auster, now on display in the hangar. Work is progressing well on the Lightning with the new wings fixed in the fuselage. The helicopter team is well advanced with the Dragonfly with the fuselage fully stripped down and undertaking repairs in the workshop.

Vehicle and Engine Projects

The museum's vehicles continue to be maintained, both for display and on-site use, where relevant. Various parts of ground equipment have been refurbished. The massive Griffon engine restoration is now on display in the hangar. The engine room display has been moved around to give a better flow in a 'timeline' fashion.

Buildings Projects

Work continues on the refurbishment of the exterior and interior of the wooden buildings as such areas require attention. Free standing 'lean-to' structures have been constructed to help protect some of the more vulnerable outside exhibits. A new canvas 'Nissan type' hut has been purchased to house some of the cockpits which would otherwise have been outside.

Acquisitions

The Museum continues to acquire small items relevant to the collecting policy for display. Major acquisitions this year include the Tucano from Ulster for which we are still searching for some parts to make it complete. This was gifted to us by Ulster Aviation Museum when they received a complete one from RAF Heritage.

Equipment Renewal

The Museum continues to purchase ground handling and workshop equipment as needed for the ongoing operation of the museum.

Education

Page 2

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

The Museum will continue to promote class/school visits and is continually looking at ways to attract more schools and improve the experience for visiting pupils.

The World War 2 and World War 1 exhibits continue to be used for lessons on how people lived during the Second World War and local WW1 attacks. A special collection of objects for handling has been put together for these school visits demonstrated by volunteer helpers and supervised by the teachers.

We will continue to host visits from different groups from the scout movement now we are open again as well as Air, and other, Cadet units.

Volunteers

The charity is very involved with the community and relies on the continuing support from our volunteers who turn up regularly to help with event delivery and management and the skilled restoration work on the museum exhibits and buildings. Much of the building maintenance is done by qualified volunteers which enables the museum to undertake modernisation that would otherwise be unaffordable. Approximately 40 volunteers from the Museum's membership regularly give their time and the Board of Trustees would like to take this opportunity to thank them for their diligence and loyalty. Volunteer applications continue to increase and suitable volunteers are duly recruited. We are fortunate that we have a full range of ages and abilities in our volunteer force.

Development Plan Volunteer

Volunteers continue to go through the induction in groups or as individuals and can choose to improve their skills with the help of more experienced volunteers.

Collection Management

Work continues on the Documentation Back Log Action Plan, dated 30 January 2011. This is an action required by the Accreditation Standards, set by ACE and progress is continuing. Work continues in the library in preparation for easier access. Renewal of Accreditation has been confirmed this year.

Partnerships

The Museum is in partnership with the Northern Battle of Britain Memorial Appeal to facilitate the construction of a memorial on land in the Museum and the formal unveiling of 'Stage 1' was held in May 2024.

The local plastic construction kit club holds monthly meetings at the museum this year. This has helped with the income for the shop in models sale turnover, as well as occasional assistance by providing relevant models for some of our displays. We have secured the AGM for the IMPS to be held in May 2025.

We have hosted several paranormal groups investigating the site for any paranormal activity. We have 14 bookings for the 2025 season and groups wishing to book such events for next year.

There are regular caravan and motorhome rallies held at the museum by organised and recognised clubs. These events not only contribute to the Museum's income but also create many 'ambassadors' who return to their areas with good things to say about this friendly and very interesting place.

Events

The main events for this year have been the 'Open Cockpit' weekends and we have also hosted the Battle of Britain Day Sunset Service again. Several extra events were held in 2024/25 including the NBoBM unveiling, the Polish Room formal opening, the Canberra 75th anniversary and the Museum's own 25th anniversay.

Museum volunteers continue to represent, and promote, the Museum at events at other venues. Open cockpit weekends and memorial services are planned for the coming year.

Page 3

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

FINANCIAL REVIEW

The Treasurer reports at Committee meetings, the status of the finances and is responsible for reporting any discrepancies in the accounts. All takings are reviewed daily through the shop till and cashing up sheet. Larger amounts, e.g. grants, are accounted for individually with bank paying in slips. A new accounting program, 'Sage', has been adopted for the recording of the museum's finances to replace 'Quicken', which is no longer compatible with more modern computers. To enable 'history' to be accessible, two previous years data has been input on the new system.

Financial Review, Investment Policy and Reserves

The charity has no investments as all monies are held in charity bank accounts and are therefore classed as reserves. The monies are used to cover day to day running costs, maintain the museum buildings and to fund projects. The trustees consider that 20% of turnover be kept as a reserve. These funds, currently standing at over £75,000 have been set aside to cater for any unforeseen costs with the hope that they will not be required and can then provide 'stake' monies for major projects in the future. This policy of retaining, and gradually increasing, the reserve will continue, as well as saving for the future site development. Improving visitor income has enabled the Museum to increase its reserve, this year, and think towards capital investment for the future of the site. A new higher interest savings account, with United Trust Bank, has been opened at the beginning of April 2023 to both earn additional income to hedge against inflation and keep our funds in any one institution within the Deposit Protection Scheme.

Duty of care

The Trustees are also aware of the duty of care to the public, visitors and the museum membership. The collection and buildings are covered by insurance and the public is covered by third party insurance. The membership and the public are covered by our Third Party Insurance and our employees by Employee Liability Insurance. The Museum also holds a Trustees indemnity policy for the protection of the Trustees. There are also procedures in place to cover Health and Safety issues.

Page 4

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

PLANS FOR THE FUTURE

Sustainability

The Board of Trustees have drawn up a Site Development Plan which includes short and longer term plans for the site. The plan has received high level approval from Doncaster Council and includes the erection of a new display hangar, a new visitor centre and car park improvements. These projects will require external funding and the trustees will be working on this over the next few years. Initial approaches for guidance have been made in this regard and continue.

In addition, the proposed construction of the Northern Battle of Britain Memorial will be a joint project, led by a separate organisation in partnership with the museum. An interim solution has been found to construct a reduced version of the monument on the existing museum site pending developments and additional funding being secured. This is ongoing.

The museum will continue to seek guidance and support from our Museums Development Officer, Alan Bentley.

Public admissions, donations, and events income will continue to provide the main operating income for the day to day running costs of the museum. Our Trading Company, The Doncaster 1909 Aeroplane Company Limited, will continue to provide additional income through shop sales. The main source of funding for capital projects will be through Grants and savings.

The major source of information about the Museum which is attracting visitors is 'The Internet' and steps have been put in place to improve our representation online. Considerable work has now been done on improving the museum's website and ability to utilise 'online' opportunities to find additional visitors and we now have a dedicated Media Manager on the Board of Trustees. Almost all comments are positive with most visitors finding the current 'style' of the Museum a great factor in their enjoyment of their visit. Regular references to the 'helpfulness' and 'friendliness' of staff is a real reflection of the dedication of both staff and volunteers.

We continue to attract differing groups and businesses to use our facilities for 'meetings with a difference'.

Collections Care, Access, and Preservation

The construction of a new Display Hangar will provide additional undercover display space for our most significant and vulnerable objects. At the same time it will enable us to re-interpret the collection to enhance the educational content for our visitors. Initial enquiries are being made to, hopefully, move forward on these plans in the not too distant future. We continue to improve the aircraft signage and ensure other new display material is produced to a higher, although more expensive, standard.

Education & Leisure

The Trustees will continue to review and develop plans to improve the visitor experience and widen our audience. A programme of events will be drawn up which will aim to continue to expand the family audience. This will be supported by a Marketing Plan to make more people aware of the museum and attract new visitors.

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the trustees to prepare financial statements for each financial year which show a true and fair view of the state of affairs of the charity and its financial activities for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charities act 1993. They are also responsible for safeguarding the assets of the charity and hence must take reasonable steps for the prevention and detection of fraud and other irregularities.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

The charity's Constitution can be viewed on request.

Page 5

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Trustees

The Board of Trustees can have up to 9 members. None of our trustees receive any remuneration from the charity. A new trustee receives copies of the previous year's annual report and accounts, and a copy of the charity Commission's leaflet CC3 'The Essential Trustee: What you need to know'. The Chair of the trustees is responsible for the induction of new trustees and experienced trustees will support the ongoing development of any new trustee as required.

Procedures and Policy Making

The Trustees meet monthly to consider risks and other issues in the day to day running of the Museum. Representations can be made by members on any issue relevant to the Museum and its collection.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The major risks, to which the charity is exposed, as identified by the trustees, are under constant review as are the systems established to mitigate those risks.

The following controls are in place: Trustees Declaration Statement Formal agendas for meetings Terms of reference for committee roles Planning Emergency Plan Written Policies Accounting Systems Authorisation procedures Daily shop, till and banking records

It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

08148551 (England and Wales)

Registered Charity number 1149429

Registered office

Dakota Way Doncaster Leisure Park Doncaster South Yorkshire DN4 7FB

Trustees

W Fern N Moore J Stables A Beattie I Cairns (deceased 8.6.2024) G R Owen D Headland S Scrimshaw

Independent Examiner

Leesing Marrison Lee & Co Chartered Certified Accountants 46 Main Street Mexborough South Yorkshire S64 9DU

Page 6

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

REFERENCE AND ADMINISTRATIVE DETAILS Solicitors

Waring Law Limited Ddol Isaf Trefechan Road Afonwen Mold Wales CH7 5UT

Curatorial Adviser

Sheauran Tan

Museum Development Officer

Alan Bentley Museum Development North

Bankers

Virgin Money 1 Frederick Street Rotherham South Yorkshire S60 1QP

United Trust Bank 1 Ropemaker Street London EC2Y 9AW

SumUp Payments Limited 16-20 Shorts Gardens London WC2H 9US

Insurance Brokers

Movo Partnership Ltd First Floor 30 High Street Chislehurst BR7 5AS

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. A Beattie - Trustee

Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOUTH YORKSHIRE AIRCRAFT MUSEUM

Independent examiner's report to the trustees of South Yorkshire Aircraft Museum ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Robert Tippett FCCA

Leesing Marrison Lee & Co Chartered Certified Accountants 46 Main Street Mexborough South Yorkshire S64 9DU

Date: .............................................

Page 8

SOUTH YORKSHIRE AIRCRAFT MUSEUM

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
208,412
Investment income
2
5,256
Total
213,668
EXPENDITURE ON
Raising funds
3
141,447
NET INCOME/(EXPENDITURE)
72,221
RECONCILIATION OF FUNDS
Total funds brought forward
465,430
TOTAL FUNDS CARRIED FORWARD
537,651		 Restricted
funds
£
1
-
1
1,104
(1,103)
21,530
20,427		 31.3.25
Total
funds
£
208,413
5,256
213,669
142,551
71,118
486,960
558,078		 31.3.24
Total
funds
£
249,892
1,927
251,819
133,993
117,826
369,134
486,960

The notes form part of these financial statements

Page 9

SOUTH YORKSHIRE AIRCRAFT MUSEUM (REGISTERED NUMBER: 08148551)

BALANCE SHEET 31ST MARCH 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
7
358,514
Investments
8
1
358,515
CURRENT ASSETS
Debtors
9
17,410
Cash at bank and in hand
162,670
180,080
CREDITORS
Amounts falling due within one year
10
(944)
NET CURRENT ASSETS
179,136
TOTAL ASSETS LESS CURRENT LIABILITIES
537,651
NET ASSETS
537,651
FUNDS
11
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
20,427
-
20,427
-
-
-
-
-
20,427
20,427		 31.3.25
Total
funds
£
378,941
1
378,942
17,410
162,670
180,080
(944)
179,136
558,078
558,078
537,651
20,427
558,078		 31.3.24
Total
funds
£
334,914
1
334,915
18,327
137,752
156,079
(4,034)
152,045
486,960
486,960
465,430
21,530
486,960

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. A Beattie - Trustee

The notes form part of these financial statements

Page 10

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property - 5% on reducing balance Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.25 31.3.24
£ £
Bank interest 5,256 1,927

continued...

Page 11

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

3. RAISING FUNDS

Raising donations and legacies

4.

Support costs
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets		 31.3.25
£
142,551
31.3.25
£
5,473		 31.3.24
£
133,993
31.3.24
£
6,221

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were trustees' expenses of nil paid for the year ended 31 March 2025 (2024 : £nil)

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
237,898
Investment income
1,927
Total
239,825
EXPENDITURE ON
Raising funds
132,829
NET INCOME
106,996
RECONCILIATION OF FUNDS
Total funds brought forward
358,434
TOTAL FUNDS CARRIED FORWARD
465,430		 Restricted
funds
£
11,994
-
11,994
1,164
10,830
10,700
21,530		 Total
funds
£
249,892
1,927
251,819
133,993
117,826
369,134
486,960

continued...

Page 12

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

7. TANGIBLE FIXED ASSETS

Improvements
to
property
£
COST
At 1st April 2024
50,436
Additions
-
At 31st March 2025
50,436
DEPRECIATION
At 1st April 2024
12,718
Charge for year
1,885
At 31st March 2025
14,603
NET BOOK VALUE
At 31st March 2025
35,833
At 31st March 2024
37,718		 Museum
Exhibits
£
276,370
49,500
325,870
-
-
-
325,870
276,370		 Fixtures
and
fittings
£
36,684
-
36,684
20,499
2,427
22,926
13,758
16,185		 Motor
vehicles
£
11,100
-
11,100
6,459
1,161
7,620
3,480
4,641		 Totals
£
374,590
49,500
424,090
39,676
5,473
45,149
378,941
334,914

The Museum Exhibits are included in the accounts at valuation, as no accounts were prepared prior to the year ended 31 March 2006. The Museum constitution states that assets cannot be sold, and in the event of the Museum being dissolved any assets must be distributed to other charitable institutions at no cost.

8. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1st April 2024 and 31st March 2025		 Shares in
group
undertakings
£
1
NET BOOK VALUE
At 31st March 2025		 1
At 31st March 2024 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Doncaster 1909 Aeroplane Company Limited

Registered office: Dakota Way, Doncaster Leisure Park, Doncaster, DN4 7FB Nature of business: Retail sales of aircraft model kits and toys

%
Class of share: holding
Ordinary 100
31.3.25 31.3.24
£ £
Aggregate capital and reserves - 5,226

continued...

Page 13

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayments and accrued income
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
No description
Accrued expenses
11.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
MLA Grant
Success Doncaster grant
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
MLA Grant
Success Doncaster grant
TOTAL FUNDS		 At 1.4.24
£
465,430
86
21,444
21,530
486,960
Incoming
resources
£
213,668
1
-
1
213,669		 31.3.25
31.3.24
£
£
17,410
18,327
31.3.25
31.3.24
£
£
15
3,230
84
-
845
804
944
4,034
Net
movement
At
in funds
31.3.25
£
£
72,221
537,651
(11)
75
(1,092)
20,352
(1,103)
20,427
71,118
558,078
Resources
Movement
expended
in funds
£
£
(141,447)
72,221
(12)
(11)
(1,092)
(1,092)
(1,104)
(1,103)
(142,551)
71,118

continued...

Page 14

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

11. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.23
£
Unrestricted funds
General fund
358,434
Restricted funds
MLA Grant
100
Success Doncaster grant
10,600
10,700
TOTAL FUNDS
369,134
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
239,825
Restricted funds
MLA Grant
-
Success Doncaster grant
11,994
11,994
TOTAL FUNDS
251,819
A current year 12 months and prior year 12 months combined position is as follows:
At 1.4.23
£
Unrestricted funds
General fund
358,434
Restricted funds
MLA Grant
100
Success Doncaster grant
10,600
10,700
TOTAL FUNDS
369,134		 Net
movement
At
in funds
31.3.24
£
£
106,996
465,430
(14)
86
10,844
21,444
10,830
21,530
117,826
486,960
Resources
Movement
expended
in funds
£
£
(132,829)
106,996
(14)
(14)
(1,150)
10,844
(1,164)
10,830
(133,993)
117,826
Net
movement
At
in funds
31.3.25
£
£
179,217
537,651
(25)
75
9,752
20,352
9,727
20,427
188,944
558,078

continued...

Page 15

SOUTH YORKSHIRE AIRCRAFT MUSEUM

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2025

11. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
MLA Grant
Success Doncaster grant
TOTAL FUNDS		 Incoming
resources
£
453,493
1
11,994
11,995
465,488		 Resources
Movement
expended
in funds
£
£
(274,276)
179,217
(26)
(25)
(2,242)
9,752
(2,268)
9,727
(276,544)
188,944

12. RELATED PARTY DISCLOSURES

The Doncaster 1909 Aeroplane Company Limited is a wholly owned subsidiary of the charity. During the year donations of £26,583 (2024: £24,320) were paid to the charity.

At the year end an amount of £17,410 (2024: £18,327) was due to the charity and is included in debtors.

Page 16