**Charity number: 1157742**
## **FRIENDS OF LANGHAM DOME**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 OCTOBER 2024**
## **FRIENDS OF LANGHAM DOME**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 6|
|**Independent Examiner's Report**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Financial Statements**|10 - 26|
## **FRIENDS OF LANGHAM DOME**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 OCTOBER 2024**
|**Trustees**|Richard John Cole|
|---|---|
||Roland Lithgow Goodison|
||Patrick John Stafford Allen, Chair|
||Nigel Barry Quarles Back|
||Henry Douglas Labouchere|
||Dr Allan George Parker|
||Edward Neale Stafford Allen (resigned 23 January 2024)|
||Fiona Caroline Pridham|
||Charles Monteith (appointed 23 January 2024)|
||Anthony Mark Flynn (appointed 23 January 2024)|
**Charity registered number** 1157742 **Principal office** Langham Dome Cockthorpe Road Holt Norfolk NR25 7BR **Accountants** MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 1
## **FRIENDS OF LANGHAM DOME**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 OCTOBER 2024**
The Trustees present their annual report together with the financial statements of the Charity for the year 1 November 2023 to 31 October 2024.
## **Objectives and activities**
## **a. Policies and objectives**
Langham Dome was originally constructed in 1942 to be one of about forty state of the art Dome Teachers built across the United Kingdom and was at the forefront of Britain's anti aircraft defence in the second World War. With its projection systems, ventilation machinery and dummy gun, the Dome was on the very cutting edge of technology and played a key role in helping to train those protecting the country from air attack.
- The principal objects of the Charity are to:
- Preserve and maintain for the public benefit the Scheduled Ancient Monument known as Langham Dome at Cockthorpe Road, Langham, Norfolk.
- Advance the education of the public in the history of Langham Dome and the RAF airfield at Langham. This includes assisting with the curriculum of local schools.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Activities undertaken to achieve objectives**
The Dome is owned by North Norfolk Historic Buildings Trust (NNHBT) and its restoration was completed by NNHBT in 2014 at a cost of approximately £280,000. A range of educational displays have since been installed by NNHBT at a cost of over £300,000. All this expenditure has been financed by grants from the Heritage Lottery Fund (HLF) and several other organisations.
NNHBT has subsequently leased the Dome to Friends of Langham Dome (“FoLD”) for 25 years and transferred to FoLD ownership of its contents. NNHBT is responsible for maintaining the structure of the dome building, with FoLD responsible for maintaining the contents.
FoLD is jointly and severally liable, with NNBHT, to HLF for various substantial commitments to sustain the project.
## **c. Main activities undertaken to further the Charity's purposes for the public benefit**
The Dome is an exciting visitor experience for young and old alike, providing a fascinating insight into the technology underlying aircraft gunner training during WW2 and into the life of the airfield and surrounding villages at that time.
The Dome offers a host of educational opportunities for children and young people at all stages of their education and we work closely with teachers specialising in Key Stages 1-5.
There are also currently in excess of 105 Friends of the Dome, who each pay an annual subscription of £15 from the locality and far afield. We are really grateful for this support.
Page 2
## **FRIENDS OF LANGHAM DOME**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024**
## **Achievements and performance**
## **a. Review of activities**
The Charity continues to seek ways of investing further to preserve the history and bring to life the role of RAF Langham in World War 2, and many aspects of the war itself, to all generations. This year the Trustees agreed to another change in the administration of the Dome to give the role of Manager to Scott Eltringham entirely and move Deborah Preston (upon request) into the role of Administrator with lesser hours to work, largely acting as Secretary to the Trustees whilst also organising specific events. The Manager relies upon two dedicated volunteers to stand in for him at weekends or when he is on leave.
One cannot complete this report without mention of our dedicated band of volunteers, who on a daily basis turn out to support the coordinators and extend their individual knowledge of the Dome and the Airfield to the visitors. Our TripAdvisor and google reviews regularly highlight visitors’ appreciation of their participation in making their visit an amazing and memorable experience. We cannot praise or thank them enough.
The Charity did not undertake any major capital expenditure this year, but did hold a fundraising event to celebrate the 80th year since the Airfield had been opened as well as 10 years since the Dome had opened as a visitor attraction and ran a raffle. A spectacular display by a Spitfire helped to draw a large number of visitors to see the Dome and view the attractions. The full size replica Spitfire by the Dome continues to have a major drawing power on visitors passing by.
Following the replacement of the tabletops (which also act as information boards) the Memorial Garden attracts a large number of visitors and passers-by who stop to look at the Spitfire and use the garden. This provides a healthy addition of funds through donations made via the “Donation Post”.
Last year the Trustees stated they must continue to seek ways of investing further to preserve the history and bring to life the role of RAF Langham in World War 2, and many aspects of the war itself, to all generations. Therefore, through providing financial support to ensure publication could go ahead, a new booklet called “Attack and Defence” providing much more detail about the Coastal Command operations flown from RAF Langham during WW2 and subsequently during the Cold War was published. The authors are two of our most dedicated volunteers who kindly agreed to donate all proceeds to the Charity. The publication has been a resounding success.
Page 3
## **FRIENDS OF LANGHAM DOME**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024**
## **Financial review**
## **a. Review of the year**
Visitor numbers rose by 331 to 4,522 in 2024, indicating the footfall is returning as a result of successful advertising providing greater visibility despite an increase in admission charges (numbers had fallen by 672 to 4,191 in 2023).
Total income was £62,728 (£53,891 in 2023) largely due to a significant increase in trading activity as a result of successful merchandising and refreshment sales as well as book sales.
Total expenditure was £76,077 (2023 - £64,294). The increase in expenditure can largely be attributed to the cost of putting on the special event at £7,878, a significant proportion of which was the cost of paying for a privately owned Spitfire. In addition, marketing costs under charitable activities were £8,045, which included an additional purchase of 500 copies of the new booklet close to the end of the financial year. Net movement in funds was a decrease of £726 (2023 – a decrease of £9,539), and this was largely due to a net gain on investments of £12,623 which offset a loss of £13,349 on operations. Therefore, net assets fell marginally from £280,704 in 2023 to £279,978, of which £221,498 relates to unrestricted funds and £58,480 to restricted funds.
Depreciation at £20,286 (2023 – £20,286) continues to account for the large figure for support costs. Looking forward, this depreciation of assets taken over from the landlord (NNHBT) is predicted to reduce over the next 5 years as reflected in our five year business plan. Whilst not a current cash expenditure, it does indicate the need to conserve funds for renewal of assets.
Keeping a very close eye on our liquid assets in the bank, the Trustees felt confident they could move a further £5,000 in 2024 from the deposit account into the CCLA investment portfolio to protect the Charity’s reserves from inflation. Cash at bank and in hand at the year end was £38,501 (2023 - £34,193), hence the decision by the Trustees.
## **b. Reserves policy**
Total reserves held as at 31 October 2024 were £279,978 ( _2023_ - _£280,704_ ). Free reserves, being unrestricted funds not represented by fixed assets were £145,600 ( _2023 - £126,040_ ).
At the end of 2024 financial year the Trustees had built up liquid assets of £139,725 being £101,224 invested in CCLA funds and £38,501 in cash at bank and in hand. This, as planned, should give us a reasonably comfortable cushion against the ebbs and flows of our operations and some flexibility to take advantage of opportunities for investment to enhance our visitor attraction.
The Trustees believe that we should hold in reserve around two years' operational cash expenditure, estimated to be in the order of £105,000. In addition, in due course the depreciation charge will manifest itself in the need for cash to renew assets which is also likely to require us to resort to grant funding. We have no wish to accumulate cash which could be used for further investment but the Trustees continue to believe that the best investment is financial prudence to ensure that our project will continue for many years to come.
## **c. Investment of funds**
The Trustees agreed to invest a further £5,000 into the CCLA’s Short Duration Bond Fund during the next financial year that will bring the cost of invested funds then to £95,000.
Page 4
## **FRIENDS OF LANGHAM DOME**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024**
## **d. Independent examination**
The Trustees re-appointed MA Partners LLP for the ensuing year.
## **e. Going concern**
The Trustees have considered the Charity's position at the time of signing the financial statements. Having held admission fees at the same level since 2022 the Trustees remain confident that numbers of visitors have stabilised, and even increased, from the effects of the post Covid exodus of holiday makers who sought foreign holidays in preference to ‘staycation’.
Having considered the financial strength of the Charity, the Trustees remain confident that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **Structure, governance and management**
## **a. Constitution**
Friends of Langham Dome is a registered charity, number 1157742, and is constituted under a Memorandum of Association.
## **b. Methods of appointment or election of Trustees**
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association.
The current Trustees were selected for their enthusiasm for the project, knowledge of aeronautical matters, financial expertise and non executive skills.
Page 5
## **FRIENDS OF LANGHAM DOME**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024**
## **Statement of Trustees' responsibilities**
The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Memorandum of Association. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**----- Start of picture text -----**
................................................ ................................................
Patrick John Stafford Allen Richard John Cole
Patrick John Stafford Allen Richard John Cole
Date: 15 July 2025
**----- End of picture text -----**
Page 6
## **FRIENDS OF LANGHAM DOME**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 OCTOBER 2024**
## **Independent Examiner's Report to the Trustees of Friends of Langham Dome ('the Charity')**
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 October 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
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 that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.
Signed: Alice Lynch BSc FCA DChA
Dated: 7 August 2025
## **MA Partners LLP**
Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ
Page 7
## **FRIENDS OF LANGHAM DOME**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
**Total income**
**Expenditure on:**
Raising funds
7
Charitable activities
8
**Total expenditure**
**Net expenditure before net gains on**
**investments**
Net gains on investments
**Net income/(expenditure)**
Transfers between funds
21
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
**4,991**
**37,633**
**19,880**
**224**
**62,728**
**11,466**
**60,797**
**72,263**
**(9,535)**
**12,623**
**3,088**
**(2,889)**
**199**
**221,299**
**199**
**221,498**|**Restricted**
**funds**
**2024**
**£**
**-**
**-**
**-**
**-**
**-**
**-**
**3,814**
**3,814**
**(3,814)**
**-**
**(3,814)**
**2,889**
**(925)**
**59,405**
**(925)**
**58,480**|**Total**
**funds**
**2024**
**£**
**4,991**
**37,633**
**19,880**
**224**
**62,728**
**11,466**
**64,611**
**76,077**
**(13,349)**
**12,623**
**(726)**
**-**
**(726)**
**280,704**
**(726)**
**279,978**|_Total_
_funds_
_2023_
_£_
_6,967_
_37,828_
_8,986_
_110_
_53,891_
_3,706_
_60,588_
_64,294_
_(10,403)_
_864_
_(9,539)_
_-_
_(9,539)_
_290,243_
_(9,539)_
_280,704_|
|---|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 10 to 26 form part of these financial statements.
Page 8
## **FRIENDS OF LANGHAM DOME**
## **BALANCE SHEET AS AT 31 OCTOBER 2024**
||||**2024**|**2024**||_2023_|
|---|---|---|---|---|---|---|
||**Note**||**£**|||_£_|
|**Fixed assets**|||||||
|Intangible assets|13||**3,510**|||_4,212_|
|Tangible assets|14||**72,695**|||_89,506_|
|Heritage assets|15||**57,713**|||_60,486_|
||||**133,918**|||_154,204_|
|**Current assets**|||||||
|Stocks|16|**4,743**|||_2,768_||
|Debtors|17|**3,703**|||_5,352_||
|Investments|18|**101,224**|||_88,601_||
|Cash at bank and in hand||**38,501**|||_34,193_||
|||**148,171**|||_130,914_||
|**Current liabilities**|||||||
|Creditors: amounts falling due within one|||||||
|year|19|**(2,111)**|||_(4,414)_||
|**Net current assets**|||**146,060**|||_126,500_|
|**Total assets less current liabilities**|||**279,978**|||_280,704_|
|**Total net assets**|||**279,978**|||_280,704_|
|**Charity funds**|||||||
|Restricted funds|21||**58,480**|||_59,405_|
|Unrestricted funds|21||**221,498**|||_221,299_|
|**Total funds**|||**279,978**|||_280,704_|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
................................................ ................................................ fea” killa. **Patrick John Stafford Allen Richard John Cole**
Date: 15 July 2025
The notes on pages 10 to 26 form part of these financial statements.
Page 9
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **1. General information**
Friends of Langham Dome is a registered charity (1157742) registered in England and Wales. The Members of the Charity include the Trustees named on page 1.
The financial statements are presented in sterling which is the functional currency of the Charity to the nearest £.
The significant accounting policies in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Friends of Langham Dome meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Going concern**
The Trustees have considered the Charity's position at the time of signing the financial statements, including the current financial strength of the Charity, together with the range of measures the Trustees could take to mitigate ongoing costs should they need to.
Based on this, the Trustees have concluded that they have reasonable expectation that the Charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 10
## **FRIENDS OF LANGHAM DOME**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **2. Accounting policies (continued)**
## **2.4 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.
## **2.6 Intangible assets and amortisation**
Intangible assets costing £1 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
The estimated useful lives are as follows:
|Website|-|5 years|
|---|---|---|
|Film license|-|5-10 years|
## **2.7 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Page 11
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **2. Accounting policies (continued)**
## **2.7 Tangible fixed assets and depreciation (continued)**
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
|Plant and machinery|- 10 years|
|---|---|
|Fixtures and fittings|- 5-25 years|
|Other fixed assets|- 15 years|
## **2.8 Heritage assets**
Where heritage assets have been purchased, they are initially recognised at cost. After recognition, under the cost model, heritage assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.
Depreciation is provided on the following basis:
- Replica Spitfire 25 years
## **2.9 Stocks**
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
## **2.10 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.11 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **2.12 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
Page 12
**FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **2. Accounting policies (continued)**
## **2.13 Financial instruments**
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.14 Operating leases**
The lease of premises at Trainer Dome, Langham Airfield, Cockthorpe Road, Langham has a term of 25 years beginning on 1 January 2019 and expiring on 31 December 2043. Consideration for the lease has been agreed as annual peppercorn rent.
## **2.15 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
## **3. Income from donations and legacies**
|**Unrestricted**
**funds**
**2024**
**£**
Donations
4,991
_Total 2023_
_6,967_|**Total**
**funds**
**2024**
**£**
**4,991**
_6,967_|_Total_
_funds_
_2023_
_£_
_6,967_|
|---|---|---|
||||
Page 13
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **4. Income from charitable activities**
|**Unrestricted**
**funds**
**2024**
**£**
Income from charitable activities - Langham Dome
37,633
_Total 2023_
_37,828_
**5.**
**Income from other trading activities**
**Income from fundraising events**
**Unrestricted**
**funds**
**2024**
**£**
Raffle
4,618
**Income from non charitable trading activities**
**Unrestricted**
**funds**
**2024**
**£**
Merchandise and refreshment sales
15,262
_Total 2023_
_8,986_|**Total**
**funds**
**2024**
**£**
**37,633**
_37,828_
**Total**
**funds**
**2024**
**£**
**4,618**
**Total**
**funds**
**2024**
**£**
**15,262**
_8,986_|_Total_
_funds_
_2023_
_£_
_37,828_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_-_|
|||_Total_
_funds_
_2023_
_£_
_8,986_|
||||
Page 14
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **6. Investment income**
|**Unrestricted**
**funds**
**2024**
**£**
Investment income - bank interest
224
_Total 2023_
_110_|**Total**
**funds**
**2024**
**£**
**224**
_110_|_Total_
_funds_
_2023_
_£_
_110_|
|---|---|---|
||||
## **7. Expenditure on raising funds**
## **Fundraising trading expenses**
|**Unrestricted**
**funds**
**2024**
**£**
Event costs
7,878
**Other trading expenses**
**Unrestricted**
**funds**
**2024**
**£**
Merchandise and refreshment sales
3,588
_Total 2023_
_3,706_|**Total**
**funds**
**2024**
**£**
**7,878**
**Total**
**funds**
**2024**
**£**
**3,588**
_3,706_|_Total_
_funds_
_2023_
_£_
_-_|
|---|---|---|
|||_Total_
_funds_
_2023_
_£_
_3,706_|
||||
Page 15
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **8. Analysis of expenditure on charitable activities**
## **Summary by fund type**
|**Unrestricted**
**funds**
**2024**
**£**
Langham Dome
60,797
_Total 2023_
_56,774_|**Restricted**
**funds**
**2024**
**£**
3,814
_3,814_|**Total**
**2024**
**£**
**64,611**
_60,588_|_Total_
_2023_
_£_
_60,588_|
|---|---|---|---|
|||||
## **9. Analysis of expenditure by activities**
|Langham Dome
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
8,298
_7,412_|**Support**
**costs**
**2024**
**£**
56,313
_53,176_|**Total**
**funds**
**2024**
**£**
**64,611**
_60,588_|_Total_
_funds_
_2023_
_£_
_60,588_|
|---|---|---|---|---|
||||||
## **Analysis of direct costs**
|Dome manager fees
_Total 2023_|**Langham**
**Dome**
**2024**
**£**
8,298
_7,412_|**Total**
**funds**
**2024**
**£**
**8,298**
_7,412_|_Total_
_funds_
_2023_
_£_
_7,412_|
|---|---|---|---|
|||||
Page 16
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **9. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|**Langham**
**Dome**
**2024**
**£**
Dome co-ordinator fees
15,656
Depreciation
20,286
Services (electricity, insurances, web hosting)
4,684
Marketing
8,045
Accountancy fees
2,052
Bookkeeping fees
3,106
Repairs and maintenance
950
Sundry
179
Dome support staff
1,355
Bank charges
-
56,313
_Total 2023_
_53,176_
**10.**
**Independent examiner's remuneration**
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
**11.**
**Staff costs**
Wages and salaries|**Total**
**funds**
**2024**
**£**
**15,656**
**20,286**
**4,684**
**8,045**
**2,052**
**3,106**
**950**
**179**
**1,355**
**-**
**56,313**
_53,176_
**2024**
**£**
**2,052**
**2024**
**£**
**23,954**
**23,954**|_Total_
_funds_
_2023_
_£_
_14,476_
_20,286_
_6,585_
_2,647_
_1,382_
_2,988_
_1,158_
_540_
_2,727_
_387_|
|---|---|---|
|||_53,176_|
|||_2023_
_£_
_1,382_|
|||_2023_
_£_
_21,888_|
||||
|||_21,888_|
Page 17
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **11. Staff costs (continued)**
The average number of persons employed by the Charity during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Staff|**4**|_3_|
No employee received remuneration amounting to more than £60,000 in either year.
## **12. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 October 2024, no Trustee expenses have been incurred _(2023 - £NIL)_ .
## **13. Intangible assets**
|**Cost**
At 1 November 2023
At 31 October 2024
**Amortisation**
At 1 November 2023
Charge for the year
At 31 October 2024
**Net book value**
At 31 October 2024
_At 31 October 2023_|**Website**
**£**
**10,000**
**10,000**
**10,000**
**-**
**10,000**
**-**
_-_|**Film licence**
**£**
**11,844**
**11,844**
**7,632**
**702**
**8,334**
**3,510**
_4,212_|**Total**
**£**
**21,844**|
|---|---|---|---|
||||**21,844**|
||||**17,632**
**702**|
||||**18,334**|
||||**3,510**|
||||_4,212_|
Page 18
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **14. Tangible fixed assets**
|**Cost or valuation**
At 1 November 2023
At 31 October 2024
**Depreciation**
At 1 November 2023
Charge for the year
At 31 October 2024
**Net book value**
At 31 October 2024
_At 31 October 2023_|**Plant and**
**machinery**
**£**
**85,102**
**85,102**
**75,558**
**8,510**
**84,068**
**1,034**
_9,544_|**Fixtures and**
**fittings**
**£**
**144,829**
**144,829**
**67,747**
**7,821**
**75,568**
**69,261**
_77,082_|**Other fixed**
**assets**
**£**
**7,200**
**7,200**
**4,320**
**480**
**4,800**
**2,400**
_2,880_|**Total**
**£**
**237,131**|
|---|---|---|---|---|
|||||**237,131**|
|||||**147,625**
**16,811**|
|||||**164,436**|
|||||**72,695**|
|||||_89,506_|
Page 19
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **15. Heritage assets**
## **Assets recognised at cost**
|Carrying value at 1 November 2023
Charge for the year
**Analysis of heritage asset transactions**
**2024**
**£**
**Purchases**
Replica Spitfire
-
**Total additions**
-|**2023**
**£**
-
-|**2022**
**£**
-
-|**Replica**
**Spitfire**
**2024**
**£**
60,486
(2,773)
57,713
**2021**
**£**
-
-|**Total**
**2024**
**£**
**60,486**
**(2,773)**
**57,713**
**2020**
**£**
44,840
44,840|
|---|---|---|---|---|
|**Purchases**
Replica Spitfire
**Total additions**|||||
Page 20
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **16. Stocks**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Goods for resale|**4,743**|_2,768_|
## **17. Debtors**
|**Due within one year**
Prepayments and accrued income
**Current asset investments**
Investments|**2024**
**£**
**3,703**
**3,703**
**2024**
**£**
**101,224**|_2023_
_£_
_5,352_|
|---|---|---|
||||
|||_5,352_|
|||_2023_
_£_
_88,601_|
## **18. Current asset investments**
Page 21
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **19. Creditors: Amounts falling due within one year**
|Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**-**
**-**
**2,111**
**2,111**|_2023_
_£_
_55_
_1,870_
_2,489_|
|---|---|---|
||||
|||_4,414_|
## **20. Financial instruments**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|**Financial assets**|||
|Financial assets measured at fair value through income and expenditure|**139,725**|_122,794_|
Financial assets measured at fair value through income and expenditure comprise of cash and cash equivalents and short term investments.
Page 22
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **21. Statement of funds**
**Statement of funds - current year**
|**Unrestricted**
**funds**
General funds
**Restricted**
**funds**
Restricted Fund
- Spitfire
Restricted Fund
- Other
**Total of funds**|**Balance at 1**
**November**
**2023**
**£**
**221,299**
**52,699**
**6,706**
**59,405**
**280,704**|**Income**
**£**
**62,728**
**-**
**-**
**-**
**62,728**|**Expenditure**
**£**
**(72,263)**
**(2,773)**
**(1,041)**
**(3,814)**
**(76,077)**|**Transfers**
**in/out**
**£**
**(2,889)**
**2,889**
**-**
**2,889**
**-**|**Gains/**
**(Losses)**
**£**
**12,623**
**-**
**-**
**-**
**12,623**|**Balance at**
**31 October**
**2024**
**£**
**221,498**|
|---|---|---|---|---|---|---|
|||||||**52,815**
**5,665**|
|||||||**58,480**|
|||||||**279,978**|
Page 23
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **21. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General funds
**Restricted funds**
Restricted Fund - Spitfire
Restricted Fund - Other
**Total of funds**|_Balance at_
_1 November_
_2022_
_£_
_227,024_
_55,472_
_7,747_
_63,219_
_290,243_|_Income_
_£_
_53,891_
_-_
_-_
_-_
_53,891_|_Expenditure_
_£_
_(60,480)_
_(2,773)_
_(1,041)_
_(3,814)_
_(64,294)_|_Gains/_
_(Losses)_
_£_
_864_
_-_
_-_
_-_
_864_|_Balance at_
_31 October_
_2023_
_£_
_221,299_|
|---|---|---|---|---|---|
||||||_52,699_
_6,706_|
||||||_59,405_|
||||||_280,704_|
## **22. Summary of funds**
## **Summary of funds - current year**
|General funds
Restricted funds|**Balance at 1**
**November**
**2023**
**£**
**221,299**
**59,405**
**280,704**|**Income**
**£**
**62,728**
**-**
**62,728**|**Expenditure**
**£**
**(72,263)**
**(3,814)**
**(76,077)**|**Transfers**
**in/out**
**£**
**(2,889)**
**2,889**
**-**|**Gains/**
**(Losses)**
**£**
**12,623**
**-**
**12,623**|**Balance at**
**31 October**
**2024**
**£**
**221,498**
**58,480**|
|---|---|---|---|---|---|---|
|||||||**279,978**|
Page 24
## **FRIENDS OF LANGHAM DOME**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **22. Summary of funds (continued)**
## **Summary of funds - prior year**
|General funds
Restricted funds|_Balance at_
_1 November_
_2022_
_£_
_227,024_
_63,219_
_290,243_|_Income_
_£_
_53,891_
_-_
_53,891_|_Expenditure_
_£_
_(60,480)_
_(3,814)_
_(64,294)_|_Gains/_
_(Losses)_
_£_
_864_
_-_
_864_|_Balance at_
_31 October_
_2023_
_£_
_221,299_
_59,405_|
|---|---|---|---|---|---|
||||||_280,704_|
## **23. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|**Unrestricted**
**funds**
**2024**
**£**
Tangible fixed assets
67,490
Intangible fixed assets
3,510
Heritage assets
4,898
Current assets
147,711
Creditors due within one year
(2,111)
**Total**
221,498
**Analysis of net assets between funds - prior period**
_Unrestricted_
_funds_
_2023_
_£_
Tangible fixed assets
_83,260_
Intangible fixed assets
_4,212_
Heritage assets
_7,787_
Current assets
_130,454_
Creditors due within one year
_(4,414)_
**Total**
_221,299_|**Restricted**
**funds**
**2024**
**£**
5,205
-
52,815
460
-
58,480
_Restricted_
_funds_
_2023_
_£_
_6,246_
_-_
_52,699_
_460_
_-_
_59,405_|**Total**
**funds**
**2024**
**£**
**72,695**
**3,510**
**57,713**
**148,171**
**(2,111)**|
|---|---|---|
|||**279,978**|
|||_Total_
_funds_
_2023_
_£_
_89,506_
_4,212_
_60,486_
_130,914_
_(4,414)_|
|||_280,704_|
Page 25
**FRIENDS OF LANGHAM DOME**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024**
## **24. Related party transactions**
In the prior year the Charity received a grant of £2,000 from North Norfolk Historic Buildings Trust, a charity with one Trustee in common. No such amounts were received in the current year.
The Charity received donations from the Trustees totalling £324 during the year.
Membership subscriptions from Trustees totalled £145 during the year.
Page 26