Washington Road., Sunderland, Tyne & Wear, SR5 3HZ 

Trustees Annual Report 2020 

This year has been a challenge for the museum and trustees as it has been for most charities. 

The year started in January with the plan to re-arrange the main display hall and refresh the aircraft collection.  With the assistance of GJD Aviation two long standing exhibits that were on loan from the National Museum of the United States Air Force were extracted from the main hall for reallocation to museums in Poland and Wales. 

This acted as the catalyst for a complete re-arrangement of the building to bring in new exhibits and assemble some other exhibits.  The work was brought to a halt by the COVID-19 pandemic and the enforced closure.  Fortunately, as the stay at home restrictions were lifted a small team of regular volunteers were able to return to the museum to complete the re-arrangement. 

The final exhibits were put into place a matter of days before the museum was re-opened to the volunteers and the public.  The new arrangement has been a great success with many volunteers commenting that it is like a new museum. 

Considerable time and money continues to be invested in improving the visual appearance of the site.  After staff costs it has been the largest area of expenditure and has been met with many favourable comments from the visitors. 

The museum was able to hold an important community event to mark the 80[th] Anniversary of the Defence of the North East of England on the 15[Th] August.  The event was led by Susan Winfield the Lord Lieutenant of Tyne and Wear and supported by the Mayor & Mayoress of Sunderland and the Royal Air Force.  A ceremony was held in to honour the role of 607 Squadron and their part flying from the museum site. 

The museum continued to support the community by offering work experience to local schools, hosting school visits and training placements with both Sunderland and Newcastle Colleges. 

Financially, 2020 has been a time for investing in improving the museum.  The museum has benefited from the furlough scheme and the Local Rates Support Grants to defray some fo the COVID-19 financial challenges.  At the year end the museum showed a healthy surplus of income over expenditure.  The museum trustees take a prudent view and aim to keep a reserve equivalent to 6 months operational costs in reserve. 



As chair I look back on 2020 with pride in the volunteers and trustees for the way that they have overcome the challenges presented by a global pandemic.  We will look forward to a full return of visitors 

David Charles 

Chair 

North East Land, Sea and Air Museum 

Registered Charity Number 1150286   Company Registration 02828043 



REGISTERED COMPANY NUMBER.. 02828043 (England and Wales)
REGISTEPSD CHARITY Ntll4BER: 1150286
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
NE Land Sea and Air Mu5eurn Ltd.
Robert Mlller & Co.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ

NE Land Sea and Air MuseuTr Ltd.
Contents of the Financial Statements
for the Year Ended 31 December 2020
Page
Report of the Trustees
Independent Exarniner, s Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Staternents
Detailed Staternent of Einanclal
Activities
10 to 11

NE Land Sea and Air Museum Ltd.
ort of the Trustees
for the Year Ended 31 December 2020
The trustees who are also director5 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 31 Decetnber 2020. The trustees have adopted
the
provisions of Accounting and Reporting by Charities: Statement of
Recomended
Practice applicable to charitxes preparing their account5 in accordance with the
Financial Reporting Standard applicable in the VK and Republic of Ireland
IFRS
1021 (effective l January 20191
STRUCTUR£, GOVKBNANCE AND blANACE￿￿NT
Governing document
The charity is controlled by its governing document,
a deed of trust,
and
constitutes a limited companyi limited by guarantee. as defined by the
Cornpanies
Act 2006.
REFERENCE AND ADMINISTBATIVE DETAILS
RÈgi$t•red Company number
02828043 (England and Walesl
R•g1&tAt￿ Charity numbar
L150£86
R•gi&t•rod office
Washington Road
Sunderland
Tyne and Wear
SR5 3H2
Tru8tO98
Mrs J Charles Director
D Charles Surveyor
A Charles Production Operative lappointed 2. 11. 201
R M Dean Retired Iresigned 9. 1.201
D Dellot4 Production Operative l appointed 2 . 11. 201
Leonard Director (resigned 15. 9.201
S M&rlee Salesman
I Mclaren Historian
J W Palliser Software Engineer (resigned 2. 11.201
R Potts Systems Analyst (appointed 2. 11. 201
Indép•nd•ttt ExaJniner
Philip N. Browr.
B.Sc. (Econl ACA
Robert Miller & Co.
Kings Hall
4 Irnperia l Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ
Approved by order of the board of trustees on 11 N0Ven￿er 2021 and slgned on
behalf by..
its
D Charles
Trustee
Page I

Inde
endent Examiner 5 Re
ort to the TrusLees of
NE Land Sea and Air Museum Ltd.
Independent èxaminer's report to the trusto0$ 0£ NB Land Sea and Mu8eullL Ltd.
I I the Company, I
report to the charity trustee5 on my examination 0£ the accounts of
Company for the year ended 31 December 2020.
the
Re8P0118ibilitie8 and ba818 of r•p¢rt
As the charxty's trustees of the Company land also Its directors for
the
purposes of coJtkpany lawl you are responsible for the preparation of the
accounts
in accordance with the Eequirernents of the Companies Act 2006 I'the 2006 Act, I
Having satisfied myself that the accounts of the Company are not required to
audited
under
Part 16 of the 2006 Act
and are
eligible
f or
independent
exarnination
I report in respect of my examination of your charity's accounts
¢arried out under section 145 of the Charities Act 2011 I'the 2011 Act'i
carrying out my examination I have followed the Directions given by the
Charity
Corntnission under section 145151 Ibl of the 2011 Act.
IndÈpÈndont examiner 8 statem•nt
I have completed my examination.
confirm that no rnatters have come to
attention in connection with the exarnination giving me cause to believe..
my
accounting record5 were not kept in respect of the Company as required by
Section 386 of the 2006 Act,. or
the accounts do not accord with those records.. or
the accounts do not comply with the accounting requirements of section
of the 2006 Act other than any requirernent that the accounts give a
true
and fair view which is not a matter considered as part of an
independent
examination,. or
the accounts have not been prepared In accordance with the methods
principles of the Statement of Recommended Practice for accounting
reporting by charities lapplicable to charities preparing their accounts
accordance with the Financial Reporting Standard applicable in the UK
Republic of Ireland IFRS 10211
396
and
and
in
and
I have no concerns and have corne 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 aceounts to be reached.
Philip N. Brown
B.Sc. (Econl ACA
Robert Miller & Co.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ
I l NoveKLber 2021
Page 2

NE Land Sea and Air Museum Ltd.
Statement of Financial Activities
for the Year Ended 31 December 2020
31.12.20
31.12.19
Unrestricted Total
fund
f unds
Notes
INCO￿ AND ENDOWMSNTS FROM
Donations and legacies
26.457
42.717
Other trading activities
44,694
21, 929
Total
71, 151
64,646
EXPENDITUPE ON
Charitable activities
Charitable Activitles
60, 315
139, 502
NET INCOMKI IEXPENDITtJREI
10. 836
174.8561
RECONCILIATION OF FUNDS
otal £und8 brought forward
57,731
132, 587
To￿AL FtJNDS CARRIED FORWAPD
68, 567
57,731
The notes fom part of these financial statements
Page 3

NE Land Sea and Air MuseutA Ltd.
Balance Sheet
31 Decelnber 2020
31. 12.20
31.12.19
Unrestricted Total
fund
f unds
Notes
FI)￿D ASSETS
Tangible assets
Inve5trnents
24,363
18,747
24,365
18,749
CURPENT ASSETS
DebLots
Cash at bank and in hand
7,922
69, 700
13, 871
33.098
77, 622
46.969
CREDITORS
Anounts falling due within one
year
io
133,4201
17, 9871
NET CtJRRENT ASSETS
44,202
38, 982
TOTAL ASSET8 LESS CUBtsEN
LIABILITIES
68,567
57,731
NET ASSETS
68,567
57,731
li
Unrestricted f unds
68, 567
57,731
TQTAL FUNDS
.68,567
57,731
The charitable company 15 entitled to exemption frorn audit under Section 477
the Companies Act 2006 for the year ended 31 Decernber 2020.
of
The ]nernbers have not required the company to obtain an audit of its
f inaDCLal
statements for the year ended 31 December 2020 in accordance with Section 476
the Cornpanies Act 2006.
The trustees acknowledge their responsibilities f or
ensuring that the eharitable company keeps accounting records that
with Sections 386 and 387 of the CoTrpanie5 Act 2006 and
Ibl preparing financial staternent5 which give a true and fair view of the
state
of affairs of the charitable company as at the end of each financial year
and of its surplus or deficit for each financial year in accordance
with
the requirements of Sections 394 and 395 and which otherwise cornply
with
the
requirernents
the
Companies
Act
2006
relating to
f inancial
staternents, so far as applicable to the charitable company.
comply
These financlal statements have been prepared in accordance with the
provisions
applicable to charitable companles subject to the small companies regime.
The financial staternents were approved by the Board of Trustees and
for issue on 11
ovember 2021 and were sicjned on its behalf by:
authotised
D Charles
Trustee
The notes form part of these financial statements
Page 4

NE Land Sea and Air Museum Ltd.
Notes to the Financial Statements
for the Year Ended 31 Decen￿er 2020
ACCOUNTING POLICIES
Ba618 of proparing the financial statements
The financial stateroents of the charitable company
which is
public
benefit entity under FRS 102, have been prepared in accordance with
the
Charities SORP IFRS 1021 'Accounting and Reporting by Charities:
statetnent
of ReconuThended Practice applicable to charities preparing their accounts
in
accordance with the Financial Reporting Standard applicable in the UK
and
Republic of Ireland IFRS 1021 leffective l January 20L91
Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in
the
UK and Republic of Ireland,
and the Companies Act 2006. The
f inancial
statements have been prepared under the historical cost convention,
with
the exception of investTrents which are included at market value.
Income
All incorne is recognised in the Statement of Financial Activities once
charity has entitlement to the funds, it is probable that the income
be received and the amount can be measured reliably.
the
will
Expenclitura
Liabilities are recognised a5 expenditure as soon as there is a leyal
constructive obllgation CoTt￿lttIng the charity to that expenditure, it
probable
that
trans fer
of
economic
benefits
w&ll be
required
in
settlement and the amount 0£ the obligation can be measured
reliably.
Expenditure is accounted for on an aceruals basis and has been
classified
under headings that aggregate all cost related to the category. frlhere
costs
cannot be directly attributed to particular
headings
they have
been
allocated to activities on a ba515 consistent with the use of resources.
or
Tangibl4 fixed assets
Depreciation is provided at the following annual rates in order to
off each asset over its estimated useful life.
write
Fixtures and fittings- IO% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% straight line basls
Taxation
The Charity is exempt from corporation tax on Its charitable activities.
Fund accounting
Unrestiicted funds can be used in accordance with the charitable
at the discretion of the trustees.
ob j ectives
Restricted funds can only be used for particular restricted purposes
the objects of the charity.
Restrictions arise when specified by the
or when funds are raised for particular restricted purposes.
within
donor
Further explanation of the nature and purpose of each fund is included
the notes to the financial staternents.
Hito purchase and l•a$ing co]Dmitn•nt8
Renta18 paid
under
operating leases
are charged to the Statement
of
Financlal Activities on a straight line basis over the period of the lease.
P•n8ion costs and other po8t-retiram•ttt bettefits
The charitable
company operates
defined
contribution pension
scheTre.
Contributions
payable
to
the
charitable
company, s
pension
Scheme
are
charged to the Statement of Financial Activities in the period to
which
they relate.
Page 5
contlttued.

NE Land Sea and Air Museum Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 DecellLber 2020
OTHER TBADING ACTIVITIES
31.12.20
31.12.19
Transfèr of profits frorn Subsidiary
Sundry income
Rental income
Sale of exhibits
Educat ion workshops
Job retention scheme grants
Governrnent grants
5.164
3,757
8,167
235
4.606
3, 759
5, 204
6, 281
29,450
44,694
21, 929
NET INCOME/ {EXPENDITUREI
Net income/ lexpenditurel is stated after
charging/ (crediting)
31.12.20
3L.12.19
Depreciation
owned assets
Hire of plant and rnachinery
other operat ing leases
Deficit on disposal of fixed assets
2,970
287
5,138
562
215
1,961
72,864
RUSTEES 1 REblUNEBATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year
31 December 2020 nor for the year ended 31 December 2019.
ended
Tru8t4•S' aXPgn$•$
There were no
trustees, expenses paid for the year ended 31 Decell￿et
nor for the year ended 31 DeCell￿er 2019.
2020
STAFF COSTS
The average rnonthly number of employees during the year was as follows..
31.12.20
31.12.19
Full time
No employees received emolurnents in excess of £60,000.
COMPARATIVES FOR THE STATEkENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOMK AND ENDOTrIMENTS FROM
Donations and legacies
42,717
other trading activities
21, 929
otal
64,646
EXPENDITURE ON
Charitable aetiviti•a
Charitable Activities
139, 502
INccfr￿1 IKXPENDITUREI
174, 8561
Page 6
continued.

NE Land Sea and Air Museurn Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 December 2020
CC&IPARATIVES FOR THE STATKbJENT OF FINANCIAL ACTIVITIES - continuad
Unrestricted
fund
PICONCILIATION OF FUNDS
Total funds brought forward
132, 587
TOTAL FUNDS CARRIED FORWARD
57,731
TANGIBLE FI￿D ASSETS
Fixture5
and
fittings
Motor
vehicles
Computer
equipment
Totals
COST
At l January 2020
Additions
Disposals
29. 132
4.400
1,800
4, 150
11, 8001
404
598
35 336
9,148
11, 8001
At 31 Dec&mber 2020
33, 532
4.150
1,002
38,684
DEPBECIATION
At l January 2020
Charge f or year
Elirninated on disposal
11,047
2,072
1,238
735
11.2381
304
163
12,589
2, 970
11,2381
At 31 December 2020
13, 119
735
467
14,321
NET BOOK VALUE
At 31 December 2020
20.413
3,415
535
24,363
At 31 December 2019
18,085
562
loo
18,747
FIXED ASSET INVBSThSNTS
Unlisted
investments
At l January 2020 and
31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investrnent assets outside the UK.
Page 7
contlnued.

NE Land Sea and Air Museurn Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 December 2020
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.2Q
31.12.19
Other debtors
PrepasTaents
4,639
3,283
12, 973
898
7, 922
13,871
io.
CB2DITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20
31.12.19
Social security and other taxes
Ridley project
Def erred incorne
Accrued expenses
446
8,135
22,735
2,104
235
5,757
1, 995
33,420
7, 987
11. MOVEM8NT IN FUNDS
Net
tnovernent
in funds
At
31.L2 20
At 1.1.20
Unrestricted funds
General f und
57,731
10, 836
68,567
TOTAL FtrNDS
57,731
10, 836
68, 567
Net EThovement in fund5, included in the above are as follows:
Incorning
resources
Resources
expended
Movement
in f unds
Unrestricted funds
General f und
71,151
160.3151
10, 836
TOTAL FVNDS
71.151
160,3151
10, 836
Cory¢paratives for movom•nt in fund$
Net
movement
in f unds
At
31.12.19
At 1.1.19
Unrestricted funds
General fund
132.587
174,8561
57,731
TOTAL FUNDS
132,587
174, 8561
57,731
Page 8
continued.

NE Land Sea and Air Museu]n Ltd.
Notes to the Financial State]nent5
continued
for the Year Ended 31 DeceTr￿er 2020
11. kf)VEMKNT IN FUNDS - Continued
Comparative net movernent in funds, included in the above are as folLows'.
Incorning
resources
Resources
expended
Move]nent
in f unds
Unrestricted funds
Gene rè I f und
64,646
1139,5021
174,8561
TOTAL FUNDS
64, 646
1139, 5021
174,8561
A current year 12 months and prior year 12 months combined position is
follows:
a8
Net
movement
in f unds
At
31.12.20
At 1.1.19
Unrestricted funds
General f und
132. 587
164,0201
68,567
TOTAL FfJNDS
132, 587
164,0201
68,567
A current year 12 months and prior year 12 rnonths cornbined net movernent
funds, included in the above are as follows:
in
Incorning
resources
Resources
expended
MoveThent
in funds
Unr8Stricted fund8
General f und
135,797
1199,8171
164,0201
TOTAL FU14DS
135, 797
1199, 8171
164,0201
12. RELATED PARTY DISCLOSURES
There
were
no
31 December 2020.
related
party
transactions
f or
the
year
ended
Page 9

NE Land Sea and Air Museurn Ltd.
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
31.12.20
31.12.19
INCOME AND ENDITrJMKNTS
Donations and legaci•
Donations
Grants received
Musèurn entrances
6,237
3,543
16, 677
5, 598
3, 000
34,119
26,457
42,717
other trading actxvitie8
Transfer of profits from
Subsidiary
Sundry income
Rental income
Sale of exhibits
Education workshops
Job retention scheme grant5
GoverntAent grants
5,164
3,757
8,167
235
4,606
3,759
5, 204
6,281
29.450
44,694
21,929
Total incoming re8ource8
71.151
64,646
EXPENDITURE
Charitable actxvitl•B
Wages and salaries
Pensions
Hire of fixed assets
Transportation f ees
Rent, rates and water
Insurance
Light and heat
Telephon
Postage and statlonery
Advertising
Sundry expenses
Repairs and renewals
Motor and travelling expenses
Events
Acquisition of rnuseurn exhibits
Ridley project
Depreciation of fixtures and
fittings
Motor vehicles
Cornputer equipment
Loss on sale of tangible fixed
assets
Bank charges
16.859
933
287
5.138
3,010
1.748
2, 997
717
116
22
2,898
13.470
1,407
15,246
92
215
1,961
4. 177
.2,223
4,433
568
283
541
1, 611
17, 957
1, 477
2,257
436
524
5.000
2,072
735
163
3, 530
338
ioi
562
566
72,864
549
58,700
131, 383
Support co$ts
Governance co8t8
Accountancy and book- keeping
Carried f orward
1,553
1, 553
1,643
1.643
This page does not forrn part of the statutory financial staternents
Page 10

NE Land Sea and Air Museum Ltd.
Detai led Statement of Financial Activit ies
for the Year Ended 31 December 2020
31.12.20
31.12.19
G¢v•rnance c08ts
Brought f orward
Consultancy fees
Legal f ees
1,553
1,643
2,935
3,541
62
1, 615
8,119
Total resources expended
60, 315
139, 502
Net incthTe/ (eXpan￿t￿￿o)
10,836
174, 8561
This page does not forrn part of the statutory financial statements
Page 11

REGISTERED COMPANY NUMBER.. 02828043 (England and Wales)
REGISTEPSD CHARITY Ntll4BER: 1150286
ort of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2020
for
NE Land Sea and Air Mu5eurn Ltd.
Robert Mlller & Co.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ

NE Land Sea and Air MuseuTr Ltd.
Contents of the Financial Statements
for the Year Ended 31 December 2020
Page
Report of the Trustees
Independent Exarniner, s Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Staternents
Detailed Staternent of Einanclal
Activities
10 to 11

NE Land Sea and Air Museum Ltd.
ort of the Trustees
for the Year Ended 31 December 2020
The trustees who are also director5 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 31 Decetnber 2020. The trustees have adopted
the
provisions of Accounting and Reporting by Charities: Statement of
Recomended
Practice applicable to charitxes preparing their account5 in accordance with the
Financial Reporting Standard applicable in the VK and Republic of Ireland
IFRS
1021 (effective l January 20191
STRUCTUR£, GOVKBNANCE AND blANACE￿￿NT
Governing document
The charity is controlled by its governing document,
a deed of trust,
and
constitutes a limited companyi limited by guarantee. as defined by the
Cornpanies
Act 2006.
REFERENCE AND ADMINISTBATIVE DETAILS
RÈgi$t•red Company number
02828043 (England and Walesl
R•g1&tAt￿ Charity numbar
L150£86
R•gi&t•rod office
Washington Road
Sunderland
Tyne and Wear
SR5 3H2
Tru8tO98
Mrs J Charles Director
D Charles Surveyor
A Charles Production Operative lappointed 2. 11. 201
R M Dean Retired Iresigned 9. 1.201
D Dellot4 Production Operative l appointed 2 . 11. 201
Leonard Director (resigned 15. 9.201
S M&rlee Salesman
I Mclaren Historian
J W Palliser Software Engineer (resigned 2. 11.201
R Potts Systems Analyst (appointed 2. 11. 201
Indép•nd•ttt ExaJniner
Philip N. Browr.
B.Sc. (Econl ACA
Robert Miller & Co.
Kings Hall
4 Irnperia l Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ
Approved by order of the board of trustees on 11 N0Ven￿er 2021 and slgned on
behalf by..
its
D Charles
Trustee
Page I

Inde
endent Examiner 5 Re
ort to the TrusLees of
NE Land Sea and Air Museum Ltd.
Independent èxaminer's report to the trusto0$ 0£ NB Land Sea and Mu8eullL Ltd.
I I the Company, I
report to the charity trustee5 on my examination 0£ the accounts of
Company for the year ended 31 December 2020.
the
Re8P0118ibilitie8 and ba818 of r•p¢rt
As the charxty's trustees of the Company land also Its directors for
the
purposes of coJtkpany lawl you are responsible for the preparation of the
accounts
in accordance with the Eequirernents of the Companies Act 2006 I'the 2006 Act, I
Having satisfied myself that the accounts of the Company are not required to
audited
under
Part 16 of the 2006 Act
and are
eligible
f or
independent
exarnination
I report in respect of my examination of your charity's accounts
¢arried out under section 145 of the Charities Act 2011 I'the 2011 Act'i
carrying out my examination I have followed the Directions given by the
Charity
Corntnission under section 145151 Ibl of the 2011 Act.
IndÈpÈndont examiner 8 statem•nt
I have completed my examination.
confirm that no rnatters have come to
attention in connection with the exarnination giving me cause to believe..
my
accounting record5 were not kept in respect of the Company as required by
Section 386 of the 2006 Act,. or
the accounts do not accord with those records.. or
the accounts do not comply with the accounting requirements of section
of the 2006 Act other than any requirernent that the accounts give a
true
and fair view which is not a matter considered as part of an
independent
examination,. or
the accounts have not been prepared In accordance with the methods
principles of the Statement of Recommended Practice for accounting
reporting by charities lapplicable to charities preparing their accounts
accordance with the Financial Reporting Standard applicable in the UK
Republic of Ireland IFRS 10211
396
and
and
in
and
I have no concerns and have corne 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 aceounts to be reached.
Philip N. Brown
B.Sc. (Econl ACA
Robert Miller & Co.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne and Wear
DH4 4DJ
I l NoveKLber 2021
Page 2

NE Land Sea and Air Museum Ltd.
Statement of Financial Activities
for the Year Ended 31 December 2020
31.12.20
31.12.19
Unrestricted Total
fund
f unds
Notes
INCO￿ AND ENDOWMSNTS FROM
Donations and legacies
26.457
42.717
Other trading activities
44,694
21, 929
Total
71, 151
64,646
EXPENDITUPE ON
Charitable activities
Charitable Activitles
60, 315
139, 502
NET INCOMKI IEXPENDITtJREI
10. 836
174.8561
RECONCILIATION OF FUNDS
otal £und8 brought forward
57,731
132, 587
To￿AL FtJNDS CARRIED FORWAPD
68, 567
57,731
The notes fom part of these financial statements
Page 3

NE Land Sea and Air MuseutA Ltd.
Balance Sheet
31 Decelnber 2020
31. 12.20
31.12.19
Unrestricted Total
fund
f unds
Notes
FI)￿D ASSETS
Tangible assets
Inve5trnents
24,363
18,747
24,365
18,749
CURPENT ASSETS
DebLots
Cash at bank and in hand
7,922
69, 700
13, 871
33.098
77, 622
46.969
CREDITORS
Anounts falling due within one
year
io
133,4201
17, 9871
NET CtJRRENT ASSETS
44,202
38, 982
TOTAL ASSET8 LESS CUBtsEN
LIABILITIES
68,567
57,731
NET ASSETS
68,567
57,731
li
Unrestricted f unds
68, 567
57,731
TQTAL FUNDS
.68,567
57,731
The charitable company 15 entitled to exemption frorn audit under Section 477
the Companies Act 2006 for the year ended 31 Decernber 2020.
of
The ]nernbers have not required the company to obtain an audit of its
f inaDCLal
statements for the year ended 31 December 2020 in accordance with Section 476
the Cornpanies Act 2006.
The trustees acknowledge their responsibilities f or
ensuring that the eharitable company keeps accounting records that
with Sections 386 and 387 of the CoTrpanie5 Act 2006 and
Ibl preparing financial staternent5 which give a true and fair view of the
state
of affairs of the charitable company as at the end of each financial year
and of its surplus or deficit for each financial year in accordance
with
the requirements of Sections 394 and 395 and which otherwise cornply
with
the
requirernents
the
Companies
Act
2006
relating to
f inancial
staternents, so far as applicable to the charitable company.
comply
These financlal statements have been prepared in accordance with the
provisions
applicable to charitable companles subject to the small companies regime.
The financial staternents were approved by the Board of Trustees and
for issue on 11
ovember 2021 and were sicjned on its behalf by:
authotised
D Charles
Trustee
The notes form part of these financial statements
Page 4

NE Land Sea and Air Museum Ltd.
Notes to the Financial Statements
for the Year Ended 31 Decen￿er 2020
ACCOUNTING POLICIES
Ba618 of proparing the financial statements
The financial stateroents of the charitable company
which is
public
benefit entity under FRS 102, have been prepared in accordance with
the
Charities SORP IFRS 1021 'Accounting and Reporting by Charities:
statetnent
of ReconuThended Practice applicable to charities preparing their accounts
in
accordance with the Financial Reporting Standard applicable in the UK
and
Republic of Ireland IFRS 1021 leffective l January 20L91
Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in
the
UK and Republic of Ireland,
and the Companies Act 2006. The
f inancial
statements have been prepared under the historical cost convention,
with
the exception of investTrents which are included at market value.
Income
All incorne is recognised in the Statement of Financial Activities once
charity has entitlement to the funds, it is probable that the income
be received and the amount can be measured reliably.
the
will
Expenclitura
Liabilities are recognised a5 expenditure as soon as there is a leyal
constructive obllgation CoTt￿lttIng the charity to that expenditure, it
probable
that
trans fer
of
economic
benefits
w&ll be
required
in
settlement and the amount 0£ the obligation can be measured
reliably.
Expenditure is accounted for on an aceruals basis and has been
classified
under headings that aggregate all cost related to the category. frlhere
costs
cannot be directly attributed to particular
headings
they have
been
allocated to activities on a ba515 consistent with the use of resources.
or
Tangibl4 fixed assets
Depreciation is provided at the following annual rates in order to
off each asset over its estimated useful life.
write
Fixtures and fittings- IO% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% straight line basls
Taxation
The Charity is exempt from corporation tax on Its charitable activities.
Fund accounting
Unrestiicted funds can be used in accordance with the charitable
at the discretion of the trustees.
ob j ectives
Restricted funds can only be used for particular restricted purposes
the objects of the charity.
Restrictions arise when specified by the
or when funds are raised for particular restricted purposes.
within
donor
Further explanation of the nature and purpose of each fund is included
the notes to the financial staternents.
Hito purchase and l•a$ing co]Dmitn•nt8
Renta18 paid
under
operating leases
are charged to the Statement
of
Financlal Activities on a straight line basis over the period of the lease.
P•n8ion costs and other po8t-retiram•ttt bettefits
The charitable
company operates
defined
contribution pension
scheTre.
Contributions
payable
to
the
charitable
company, s
pension
Scheme
are
charged to the Statement of Financial Activities in the period to
which
they relate.
Page 5
contlttued.

NE Land Sea and Air Museum Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 DecellLber 2020
OTHER TBADING ACTIVITIES
31.12.20
31.12.19
Transfèr of profits frorn Subsidiary
Sundry income
Rental income
Sale of exhibits
Educat ion workshops
Job retention scheme grants
Governrnent grants
5.164
3,757
8,167
235
4.606
3, 759
5, 204
6, 281
29,450
44,694
21, 929
NET INCOME/ {EXPENDITUREI
Net income/ lexpenditurel is stated after
charging/ (crediting)
31.12.20
3L.12.19
Depreciation
owned assets
Hire of plant and rnachinery
other operat ing leases
Deficit on disposal of fixed assets
2,970
287
5,138
562
215
1,961
72,864
RUSTEES 1 REblUNEBATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year
31 December 2020 nor for the year ended 31 December 2019.
ended
Tru8t4•S' aXPgn$•$
There were no
trustees, expenses paid for the year ended 31 Decell￿et
nor for the year ended 31 DeCell￿er 2019.
2020
STAFF COSTS
The average rnonthly number of employees during the year was as follows..
31.12.20
31.12.19
Full time
No employees received emolurnents in excess of £60,000.
COMPARATIVES FOR THE STATEkENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
INCOMK AND ENDOTrIMENTS FROM
Donations and legacies
42,717
other trading activities
21, 929
otal
64,646
EXPENDITURE ON
Charitable aetiviti•a
Charitable Activities
139, 502
INccfr￿1 IKXPENDITUREI
174, 8561
Page 6
continued.

NE Land Sea and Air Museurn Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 December 2020
CC&IPARATIVES FOR THE STATKbJENT OF FINANCIAL ACTIVITIES - continuad
Unrestricted
fund
PICONCILIATION OF FUNDS
Total funds brought forward
132, 587
TOTAL FUNDS CARRIED FORWARD
57,731
TANGIBLE FI￿D ASSETS
Fixture5
and
fittings
Motor
vehicles
Computer
equipment
Totals
COST
At l January 2020
Additions
Disposals
29. 132
4.400
1,800
4, 150
11, 8001
404
598
35 336
9,148
11, 8001
At 31 Dec&mber 2020
33, 532
4.150
1,002
38,684
DEPBECIATION
At l January 2020
Charge f or year
Elirninated on disposal
11,047
2,072
1,238
735
11.2381
304
163
12,589
2, 970
11,2381
At 31 December 2020
13, 119
735
467
14,321
NET BOOK VALUE
At 31 December 2020
20.413
3,415
535
24,363
At 31 December 2019
18,085
562
loo
18,747
FIXED ASSET INVBSThSNTS
Unlisted
investments
At l January 2020 and
31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019
There were no investrnent assets outside the UK.
Page 7
contlnued.

NE Land Sea and Air Museurn Ltd.
Notes to the Financial Statements
continued
for the Year Ended 31 December 2020
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.2Q
31.12.19
Other debtors
PrepasTaents
4,639
3,283
12, 973
898
7, 922
13,871
io.
CB2DITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20
31.12.19
Social security and other taxes
Ridley project
Def erred incorne
Accrued expenses
446
8,135
22,735
2,104
235
5,757
1, 995
33,420
7, 987
11. MOVEM8NT IN FUNDS
Net
tnovernent
in funds
At
31.L2 20
At 1.1.20
Unrestricted funds
General f und
57,731
10, 836
68,567
TOTAL FtrNDS
57,731
10, 836
68, 567
Net EThovement in fund5, included in the above are as follows:
Incorning
resources
Resources
expended
Movement
in f unds
Unrestricted funds
General f und
71,151
160.3151
10, 836
TOTAL FVNDS
71.151
160,3151
10, 836
Cory¢paratives for movom•nt in fund$
Net
movement
in f unds
At
31.12.19
At 1.1.19
Unrestricted funds
General fund
132.587
174,8561
57,731
TOTAL FUNDS
132,587
174, 8561
57,731
Page 8
continued.

NE Land Sea and Air Museu]n Ltd.
Notes to the Financial State]nent5
continued
for the Year Ended 31 DeceTr￿er 2020
11. kf)VEMKNT IN FUNDS - Continued
Comparative net movernent in funds, included in the above are as folLows'.
Incorning
resources
Resources
expended
Move]nent
in f unds
Unrestricted funds
Gene rè I f und
64,646
1139,5021
174,8561
TOTAL FUNDS
64, 646
1139, 5021
174,8561
A current year 12 months and prior year 12 months combined position is
follows:
a8
Net
movement
in f unds
At
31.12.20
At 1.1.19
Unrestricted funds
General f und
132. 587
164,0201
68,567
TOTAL FfJNDS
132, 587
164,0201
68,567
A current year 12 months and prior year 12 rnonths cornbined net movernent
funds, included in the above are as follows:
in
Incorning
resources
Resources
expended
MoveThent
in funds
Unr8Stricted fund8
General f und
135,797
1199,8171
164,0201
TOTAL FU14DS
135, 797
1199, 8171
164,0201
12. RELATED PARTY DISCLOSURES
There
were
no
31 December 2020.
related
party
transactions
f or
the
year
ended
Page 9

NE Land Sea and Air Museurn Ltd.
Detailed Statement of Financial Activities
for the Year Ended 31 December 2020
31.12.20
31.12.19
INCOME AND ENDITrJMKNTS
Donations and legaci•
Donations
Grants received
Musèurn entrances
6,237
3,543
16, 677
5, 598
3, 000
34,119
26,457
42,717
other trading actxvitie8
Transfer of profits from
Subsidiary
Sundry income
Rental income
Sale of exhibits
Education workshops
Job retention scheme grant5
GoverntAent grants
5,164
3,757
8,167
235
4,606
3,759
5, 204
6,281
29.450
44,694
21,929
Total incoming re8ource8
71.151
64,646
EXPENDITURE
Charitable actxvitl•B
Wages and salaries
Pensions
Hire of fixed assets
Transportation f ees
Rent, rates and water
Insurance
Light and heat
Telephon
Postage and statlonery
Advertising
Sundry expenses
Repairs and renewals
Motor and travelling expenses
Events
Acquisition of rnuseurn exhibits
Ridley project
Depreciation of fixtures and
fittings
Motor vehicles
Cornputer equipment
Loss on sale of tangible fixed
assets
Bank charges
16.859
933
287
5.138
3,010
1.748
2, 997
717
116
22
2,898
13.470
1,407
15,246
92
215
1,961
4. 177
.2,223
4,433
568
283
541
1, 611
17, 957
1, 477
2,257
436
524
5.000
2,072
735
163
3, 530
338
ioi
562
566
72,864
549
58,700
131, 383
Support co$ts
Governance co8t8
Accountancy and book- keeping
Carried f orward
1,553
1, 553
1,643
1.643
This page does not forrn part of the statutory financial staternents
Page 10

NE Land Sea and Air Museum Ltd.
Detai led Statement of Financial Activit ies
for the Year Ended 31 December 2020
31.12.20
31.12.19
G¢v•rnance c08ts
Brought f orward
Consultancy fees
Legal f ees
1,553
1,643
2,935
3,541
62
1, 615
8,119
Total resources expended
60, 315
139, 502
Net incthTe/ (eXpan￿t￿￿o)
10,836
174, 8561
This page does not forrn part of the statutory financial statements
Page 11