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

## Trustees Annual Report 2024 

2024 was a significant year for the museum as it marks the 50[th] Anniversary of the Society that started to collect exhibits for display and the 40[th] Anniversary of the society becoming a registered charity.  These anniversaries culminated in the museum volunteers being notified in October that His Majesty King Charkes II had recognised the good work of the volunteers by bestowing the King Award for Volunteer Services on the museum.  Such a high honour was a fantastic way to close the year. 

Museum development continued throughout the year with considerable volunteer time and money invested in improving the visual appearance of the site.  It has been the largest area of expenditure and has been met with many favourable comments from the visitors.  The major investment in 2024 was the recertification of the fixed electric wiring and the laying of new ducting for a planned rerouting of the incoming electric supply. 

The museum was able to hold a number of events through the year.  One highlight was a very successful emergency services day hosted on behalf of the Special Lionesses.  Living history weekends were also a success along with the first scale model show for a very long time.  All the events were well attended.  We were pleased to welcome the Mayoress of Sunderland in August to lead a wreath laying ceremony to mark the anniversary of the attack on the North of England by the Luftwaffe in 1940.  The event saw multiple wreaths being laid. 

In terms of collection development there were two significant arrivals.  Thanks to RAF Heritage the museum was able to unveil a British Aerospace Hawk T.1 aircraft at a ceremony in May.  The event was hosted by the Lord Lieutenant of Tyne and Wear and included representatives of the Lieutenancy from Northumberland, Durham and North Yorkshire.  There was also a large RAF contingent and Civic representative from all the Tyne and Wear boroughs and Newcastle. 

In September the museum was also able to add a Victa Airtourer G-ATCL which is an aircraft that spent nearly all its flying career at Sunderland Airport.  The aircraft was kindly donated by its last owner and placed on display in the re-vamped Civil Transport shed. 

The museum continued to support the community by hosting school visits. The museum has an active programme with four specialist autism support providers to help those in the transition to world of work. 

Financially, 2024 has seen an increase in income of close to 40% from visitor admissions which reflects the hard work of the volunteers in improving and promoting the museum.  At the year end there was a small increase in funds  The museum trustees take a prudent view and aim to keep a liquid funds equivalent to 6 months operational costs in reserves. 

David Charles on behalf of the Trustees 

Registered Charity Number 1150286   Company Registration 02828043 



Oocusign Envelope ID: 8DA89841-40EA-4670-A42C-72E73A9931AO
COMPANY REGISTRATION NUMBER: 02828043
CHARITY REGISTRATION NUMBER: 1150286
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024

Do¢usign Envelope ID: BDABgB41-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activittes (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
5-10
The following pages do not form part of the linancial statements
Detailed statement of financial activities
12

Docusign Envelope ID: BDA89B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The t¥ustoes, who are also the directors for the purposes of company law, present their report and the
unaudited financial stalements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name
NE Land Sea and Air Museum Ltd.
Charity registration number
1150286
Company registration number 02828043
Principal office and registered Washington Road
office
Sunderland
Tyne and Wear
SF15 3HZ
The trustees
D Charles
A Charles
D Dellow
S Marlee
l Mclaren
R Potts
K Dellow
M Frodsham
K Lynch
(Resigned 20 October 2024)
(Resigned 20 October 2024)
{Appointed 20 October 2024)
(Appointed 20 October 2024)
Independent examiner
Jane Freeman
Robert Miller & Company (NE) Limited.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne & Wear
DH4 4DJ
The trustees, annual report were approved on
trustees by:
91212025
and signed on behalf of the board of
Docusbgned by:
81 DEE948A821491.
D Charles
Trustee

Docusign Ellvelope ID: BDAB9B41-40EA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of NE Land Sea and Air
Museum Ltd.
Year ended 31 December 2024
I report lo the trustees on my examination of the finanGial statements of NE Land Sea and Air Museum
Ltd. {'the ¢harity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company {and also ils directors for the purposes of company law) you are
responsible for the preparation of the financial statements 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 audiled under Part 16
of the 2006 Act and are eligible for independent examination, I report IN respect of my examination of
the 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:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act. or
the financial statements do not accord with those records. or
the financial statements 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
the financial stalemenls have not been prepared in accordance with the methods and
principles of the Statement of Flecommended 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.
Sig ntd by:
E35200E9741 B4DT...
Jane Freeman
FCCA
Independent Examiner
Robert Miller & Company (NE} Limited
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne & Wear
DH4 4DJ

Docusign Envelope ID.. BDAB9B414DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Statement of Financial Activilies
(including income and expenditure account)
Year ended 31 December 2024
2024
Unrestricted
funds Total funds Total funds
2023
No18
Income and endowments
Donations and legacies
Other Irading activities
Total income
76,294
14,040
76,294
14,040
55,861
23,354
90,334
go,334
79,215
Expenditure
Expenditure on raising funds:
Charitable activities
Governance costs
81,188
2,398
81,188
2,399
72,754
2,565
Total expenditure
83,586
83,587
75,319
Net income and net movement in funds
6,748
6,747
3,896
Reconciliation of funds
Total funds brought forward
Total funds carried forward
52,878
52,878
48,982
59,626
59,626
52,878
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 5 to 10 form part of these financial statements.

Docusign Envelope ID: BDABgB414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investments
10
11
16,990
17,409
16,992
17,411
Current assets
Debtors
Cash at bank and In hand
12
4,802
54,445
9,518
44,477
59,247
53,895
Creditors: amounts falling due within one year
Net current assets
13
{16,613)
42,634
{18,528)
35,467
Total assets less current liabilities
59,626
52,878
Net assets
59,626
52,878
Funds of the charity
Unrestricted funds
59,626
52,878
Total charity funds
15
59,626
52,878
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
91212025
and are signed on behall of the board by:
Docusigned by:
61 DEE948A821491 ..
D Charles
Trustee
The notes on pages 5 10 10 form part of these financial st2t&ments.

DoGusign Envelope ID: BDABgB41-4DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Noles to the Financial Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered In
England and Wales and a registered charity in England and Wales. The address of the
registered office Is Washington Road, Sunderland, Tyne and Wear, SR5 3HZ.
Statement of compliance
These financial statemenls have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republrc of Ireland,, the 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) (Charities
SORP {FRS 102)) and the Gompanies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluatÈon of Certain financial assets and liabilities and inveslment propertFes measured at fair
value Ihrough income or expenditure.
The financial statements are prepared In sterling, which is the functionaf Currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are availabje for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are SLJbjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: resiricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the econornic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured.
Resources expended
Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the staioment of
financial aclivities to which it relates.

Docusign Envelope ID: BDAB9B41-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 December 2024
Accounting policies (conlltrued)
Resources expended (conllnuedj
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequenlly stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumufated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, rn which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Motor vehicles
Computer equipment
100/0 on reducing balance
25 % on reducing balance
25°/o Straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activilies
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial ActivÉties on a
straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operated a defined contribution pension scheme. Contributions payable
to Ihe charitable company's pension scheme are charged to the Statement of Financial Activities
in the period to which they relate.

Docusign Envelope ID: BDAB9B41-4DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements {continUed)
Year ended 31 December 2024
Limited by guarantee
NE Land Sea and Air Museum Ltd. is a company limited by guarantee and accordingly
does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of it being would up while he or
she is a member, or within on year after he or she ceases to be a member.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
5,569
5,569
4,351
4,351
Museum entrances
70,725
70,725
51,510
51,510
78,294
76,294
55,861
55,861
Other trading actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Transfer of profits from Subsidiary
Rental income
Sundry receipts
8,587
2,300
3,153
8,587
2,300
3,153
18,136
3,050
2,168
18,136
3,050
2,168
14,040
14,040
23,354
23,354
Net income
Net income is staled after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
Hire of plant and machinery
2,207
189
2,732
238
Staff costs
The lotal staff costs and employee benefits for the reporting period are analysed as follows;
2024
2023
Wages and salaries
Employer contributions to pension plans
23,423
1,576
21,306
1,663
24,999
22,969

Docusign Envelope ID: BDAB9841-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 December 2024
Staff costs (conflnuedj
The average head count of employees during the year was 1 (2023: 1).
No employee received employee benefits of more than £60,000 during the year {2023: Nil).
Trustee remuneration and expenses
No renumeration or other benefits from employmenl with the charity or a related entity were
received by the Irustees.
10. Tangible fixed assets
Fixtures and
fittings
Motor
vehicles
Computer
Equipment
Total
Cost
At 1 January 2024
Additions
34,332
1,788
4,150
1,766
40,248
1,788
At 31 December 2024
36,120
4,150
1,766
42,036
Depreciation
At 1 January 2024
Charge lor the year
At 31 December 2024
18,742
1 ,579
2,643
376
1,454
252
22,839
2,207
20,321
3,019
1,706
25,046
Carrying amount
At 31 December 2024
15,799
1,131
60
16,990
At 31 December 2023
15,590
1,507
312
17,409
11. Investments
Unlisted
investments
Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Impairment
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
There were no Investment assets outside the UK.

Docusign Envelope ID: BDAB9B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
12. Debtors
2024
2023
Prepayments and accrued Income
Other debtors
703
4,099
966
8,552
4,802
9,518
13. Creditors: amounts falling due within one year
2024
2023
Accruals
Deferred income
3,078
13,535
16,613
2,694
15,835
18,528
14. Pensions and other posl retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation lo defrned
contribution plans was £1,576 (2023: £1,663).
15. Analysis of charitable funds
Unrestricted funds
At
31 December
2024
At
1 January 2024
Income Expenditure
General funds
52,878
90,334
(83,586)
59,626
At
31 December
2023
At
1 January 2023
Income Expenditure
General funds
48,982
79,215
(75,319)
52,878

Docusign Envelope ID: BDA89B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 December 2024
16. Analysis of nel assets between lunds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Inveslments
Current assets
Creditors less than 1 year
Net assets
16,990
16,990
59,247
(16,613)
59,626
59,247
{16,613)
59,626
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
19,341
19,341
49,749
(20,110)
48,982
49,749
(20,110)
48,982
10

Docusign Envelope ID: BDA89B414DEA4670-A42G-72E73Ag931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
11

Docusign Envelope ID: BDAB9B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endowments
Donations and legacies
Donations
Museum entrances
5,569
70.725
4,351
51,510
76,294
55,861
Other trading activities
Transfer of profits from Subsidiary
Rental income
Sundry receipts
8,587
2,300
3,153
18,136
3,050
2,168
14,040
23,354
Total income
90,334
79,215
Expenditure
Charilable activities
Wages and salaries
Pension costs
Rent, rates and water
Light and heat
Repairs and maintenance
Acquisition of museum exhibits
Insurance
Hire of fixed assets
Telephone
Postage and stationery
Depreciation
Sundry expenses
Bank charges
23,423
1,576
1,690
5,518
32,689
5,901
2,585
189
934
471
2,209
1,718
2,285
21,306
1,663
119
4,902
34,880
210
2,438
238
877
47
2,730
1,655
1,689
81,188
72,754
Governance costs
Accountancy and book-keeping
Legal fees
2,299
100
2,212
353
2,399
2,565
Total expenditure
83,587
75,319
Net income
6.747
3,896
12

Oocusign Envelope ID: 8DA89841-40EA-4670-A42C-72E73A9931AO
COMPANY REGISTRATION NUMBER: 02828043
CHARITY REGISTRATION NUMBER: 1150286
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024

Do¢usign Envelope ID: BDABgB41-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report (incorporating the director's report)
Independent examiner's report to the trustees
Statement of financial activittes (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
5-10
The following pages do not form part of the linancial statements
Detailed statement of financial activities
12

Docusign Envelope ID: BDA89B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The t¥ustoes, who are also the directors for the purposes of company law, present their report and the
unaudited financial stalements of the charity for the year ended 31 December 2024.
Reference and administrative details
Registered charity name
NE Land Sea and Air Museum Ltd.
Charity registration number
1150286
Company registration number 02828043
Principal office and registered Washington Road
office
Sunderland
Tyne and Wear
SF15 3HZ
The trustees
D Charles
A Charles
D Dellow
S Marlee
l Mclaren
R Potts
K Dellow
M Frodsham
K Lynch
(Resigned 20 October 2024)
(Resigned 20 October 2024)
{Appointed 20 October 2024)
(Appointed 20 October 2024)
Independent examiner
Jane Freeman
Robert Miller & Company (NE) Limited.
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne & Wear
DH4 4DJ
The trustees, annual report were approved on
trustees by:
91212025
and signed on behalf of the board of
Docusbgned by:
81 DEE948A821491.
D Charles
Trustee

Docusign Ellvelope ID: BDAB9B41-40EA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of NE Land Sea and Air
Museum Ltd.
Year ended 31 December 2024
I report lo the trustees on my examination of the finanGial statements of NE Land Sea and Air Museum
Ltd. {'the ¢harity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company {and also ils directors for the purposes of company law) you are
responsible for the preparation of the financial statements 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 audiled under Part 16
of the 2006 Act and are eligible for independent examination, I report IN respect of my examination of
the 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:
accounting records were not kept in respect of the charity as required by section 386 of the
2006 Act. or
the financial statements do not accord with those records. or
the financial statements 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
the financial stalemenls have not been prepared in accordance with the methods and
principles of the Statement of Flecommended 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.
Sig ntd by:
E35200E9741 B4DT...
Jane Freeman
FCCA
Independent Examiner
Robert Miller & Company (NE} Limited
Kings Hall
4 Imperial Buildings
Houghton-le-spring
Tyne & Wear
DH4 4DJ

Docusign Envelope ID.. BDAB9B414DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Statement of Financial Activilies
(including income and expenditure account)
Year ended 31 December 2024
2024
Unrestricted
funds Total funds Total funds
2023
No18
Income and endowments
Donations and legacies
Other Irading activities
Total income
76,294
14,040
76,294
14,040
55,861
23,354
90,334
go,334
79,215
Expenditure
Expenditure on raising funds:
Charitable activities
Governance costs
81,188
2,398
81,188
2,399
72,754
2,565
Total expenditure
83,586
83,587
75,319
Net income and net movement in funds
6,748
6,747
3,896
Reconciliation of funds
Total funds brought forward
Total funds carried forward
52,878
52,878
48,982
59,626
59,626
52,878
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 5 to 10 form part of these financial statements.

Docusign Envelope ID: BDABgB414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investments
10
11
16,990
17,409
16,992
17,411
Current assets
Debtors
Cash at bank and In hand
12
4,802
54,445
9,518
44,477
59,247
53,895
Creditors: amounts falling due within one year
Net current assets
13
{16,613)
42,634
{18,528)
35,467
Total assets less current liabilities
59,626
52,878
Net assets
59,626
52,878
Funds of the charity
Unrestricted funds
59,626
52,878
Total charity funds
15
59,626
52,878
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors, responsibilities:
The members have not required the company to obtain an audit of its financial statements for the
year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act
with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to
companies subject to the small companies, regime.
These financial statements were approved by the board of trustees and authorised for issue on
91212025
and are signed on behall of the board by:
Docusigned by:
61 DEE948A821491 ..
D Charles
Trustee
The notes on pages 5 10 10 form part of these financial st2t&ments.

DoGusign Envelope ID: BDABgB41-4DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Noles to the Financial Statements
Year ended 31 December 2024
General information
The charity is a public benefit entity and a private company limited by guarantee, registered In
England and Wales and a registered charity in England and Wales. The address of the
registered office Is Washington Road, Sunderland, Tyne and Wear, SR5 3HZ.
Statement of compliance
These financial statemenls have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republrc of Ireland,, the 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) (Charities
SORP {FRS 102)) and the Gompanies Act 2006.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluatÈon of Certain financial assets and liabilities and inveslment propertFes measured at fair
value Ihrough income or expenditure.
The financial statements are prepared In sterling, which is the functionaf Currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Fund accounting
Unrestricted funds are availabje for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are SLJbjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes: resiricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has
passed to the charity. it is probable that the econornic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured.
Resources expended
Expenditure Is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered. and is classified under headings of the staioment of
financial aclivities to which it relates.

Docusign Envelope ID: BDAB9B41-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 December 2024
Accounting policies (conlltrued)
Resources expended (conllnuedj
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequenlly stated at cost less any
accumulated depreciation and impairment losses. Any tangible assets carried at revalued
amounts are recorded at the fair value at the date of revaluation less any subsequent
accumulated depreciation and subsequent accumufated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless it reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, rn which case the loss is shown within
other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows:
Fixtures and fittings
Motor vehicles
Computer equipment
100/0 on reducing balance
25 % on reducing balance
25°/o Straight line basis
Taxation
The charity is exempt from corporation tax on its charitable activilies
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial ActivÉties on a
straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operated a defined contribution pension scheme. Contributions payable
to Ihe charitable company's pension scheme are charged to the Statement of Financial Activities
in the period to which they relate.

Docusign Envelope ID: BDAB9B41-4DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements {continUed)
Year ended 31 December 2024
Limited by guarantee
NE Land Sea and Air Museum Ltd. is a company limited by guarantee and accordingly
does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not
exceeding £1 to the assets of the charitable company in the event of it being would up while he or
she is a member, or within on year after he or she ceases to be a member.
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Donations
5,569
5,569
4,351
4,351
Museum entrances
70,725
70,725
51,510
51,510
78,294
76,294
55,861
55,861
Other trading actlvities
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Transfer of profits from Subsidiary
Rental income
Sundry receipts
8,587
2,300
3,153
8,587
2,300
3,153
18,136
3,050
2,168
18,136
3,050
2,168
14,040
14,040
23,354
23,354
Net income
Net income is staled after chargingl(crediting):
2024
2023
Depreciation of tangible fixed assets
Hire of plant and machinery
2,207
189
2,732
238
Staff costs
The lotal staff costs and employee benefits for the reporting period are analysed as follows;
2024
2023
Wages and salaries
Employer contributions to pension plans
23,423
1,576
21,306
1,663
24,999
22,969

Docusign Envelope ID: BDAB9841-4DEA-4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (continuedj
Year ended 31 December 2024
Staff costs (conflnuedj
The average head count of employees during the year was 1 (2023: 1).
No employee received employee benefits of more than £60,000 during the year {2023: Nil).
Trustee remuneration and expenses
No renumeration or other benefits from employmenl with the charity or a related entity were
received by the Irustees.
10. Tangible fixed assets
Fixtures and
fittings
Motor
vehicles
Computer
Equipment
Total
Cost
At 1 January 2024
Additions
34,332
1,788
4,150
1,766
40,248
1,788
At 31 December 2024
36,120
4,150
1,766
42,036
Depreciation
At 1 January 2024
Charge lor the year
At 31 December 2024
18,742
1 ,579
2,643
376
1,454
252
22,839
2,207
20,321
3,019
1,706
25,046
Carrying amount
At 31 December 2024
15,799
1,131
60
16,990
At 31 December 2023
15,590
1,507
312
17,409
11. Investments
Unlisted
investments
Cost or valuation
At 1 January 2024
Additions
At 31 December 2024
Impairment
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
At 31 December 2023
There were no Investment assets outside the UK.

Docusign Envelope ID: BDAB9B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 December 2024
12. Debtors
2024
2023
Prepayments and accrued Income
Other debtors
703
4,099
966
8,552
4,802
9,518
13. Creditors: amounts falling due within one year
2024
2023
Accruals
Deferred income
3,078
13,535
16,613
2,694
15,835
18,528
14. Pensions and other posl retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation lo defrned
contribution plans was £1,576 (2023: £1,663).
15. Analysis of charitable funds
Unrestricted funds
At
31 December
2024
At
1 January 2024
Income Expenditure
General funds
52,878
90,334
(83,586)
59,626
At
31 December
2023
At
1 January 2023
Income Expenditure
General funds
48,982
79,215
(75,319)
52,878

Docusign Envelope ID: BDA89B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Notes to the Financial Statements (conlinuedj
Year ended 31 December 2024
16. Analysis of nel assets between lunds
Unrestricted Total Funds
Funds
2024
Tangible fixed assets
Inveslments
Current assets
Creditors less than 1 year
Net assets
16,990
16,990
59,247
(16,613)
59,626
59,247
{16,613)
59,626
Unrestricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Net assets
19,341
19,341
49,749
(20,110)
48,982
49,749
(20,110)
48,982
10

Docusign Envelope ID: BDA89B414DEA4670-A42G-72E73Ag931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Management Information
Year ended 31 December 2024
The following pages do not form part of the financial statements.
11

Docusign Envelope ID: BDAB9B414DEA4670-A42C-72E73A9931AO
NE Land Sea and Air Museum Ltd.
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 December 2024
2024
2023
Income and endowments
Donations and legacies
Donations
Museum entrances
5,569
70.725
4,351
51,510
76,294
55,861
Other trading activities
Transfer of profits from Subsidiary
Rental income
Sundry receipts
8,587
2,300
3,153
18,136
3,050
2,168
14,040
23,354
Total income
90,334
79,215
Expenditure
Charilable activities
Wages and salaries
Pension costs
Rent, rates and water
Light and heat
Repairs and maintenance
Acquisition of museum exhibits
Insurance
Hire of fixed assets
Telephone
Postage and stationery
Depreciation
Sundry expenses
Bank charges
23,423
1,576
1,690
5,518
32,689
5,901
2,585
189
934
471
2,209
1,718
2,285
21,306
1,663
119
4,902
34,880
210
2,438
238
877
47
2,730
1,655
1,689
81,188
72,754
Governance costs
Accountancy and book-keeping
Legal fees
2,299
100
2,212
353
2,399
2,565
Total expenditure
83,587
75,319
Net income
6.747
3,896
12