## 2021 Report to Members Once again the start of the year was overshadowed by Covid and in the event we were not permil 17th May. A lot of effort had to go into preparing the site for visitors to sa>sfy the health and safety requirements to the sa>sfac>on of the local council. As expected, the early weeks aHer reopening were very quiet and without the government grants received it would have been impossible to survive. However, with foreign travel difficult we were able during the summer months to benefit from an increase in visitors to the Island. By the end of the year, there had been a total of 6678 visitors, an increase of 25% on 2020 but s>ll 20% less than 2019. By contrast in the first 6 months of 2022 we have already had 3000 visitors and the main season is s>ll to come. Armoured Personnel rides have not been possible for a couple of years partly due to Covid and partly due to maintenance required to the vehicle. During the Covid periods, Ginge West decided to sell his vehicle and fortunately it has been purchased by one of our staff Will Compton. By the end of 2020 work was s>ll progressing on the vehicle with a view to recommencing rides in 2022. There were no major addi>ons to the Museum during 2021 although constant improvements and minor altera>ons were made as the year progressed in an ang for repeat visitors. We did however have a major dona>on of items from a family in Woong reassembly in its new home. At the beginning of December, Andy Fisher handed back his workshop to the Charity and took the major step of moving to a remote Sco\sh island. We wish him and Maria well in their new life. The workshop is temporarily sub let but it is intended that during 2022 it will become a fully opera>onal workshop for the Charity. Once again, the Charity was well supported by the government and a total of £51925.78 was received in grants and furlough payments. Whilst the final accounts are yet to be inspected by the Charity Commission appointed inspector, a draH version is aon and we are pleased to report that following the sad death of Owen Hinchliffe, Jon Hinchliffe the surviving landowner was able to find >me to ang at which he has agreed that the Charity should have a new lease for 490 Newport Road Cowes. Subject to >me constraints, it was agreed that if possible a new lease will be in place by 1st January 2023. Nego>a>ons will commence shortly and the members will be kept informed of any major developments. ||**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**|**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**|**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**|**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**|**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**|**STATEMENT OF PROFIT AND LOSS FOR THE PERIOD 1.1.2021 TO 31.12.2021**| |---|---|---|---|---|---|---| |||**WMAHM CHARITY 1159529**||||| |||||||| ||**INCOME**|||||| |||||||| ||ENTRY FEES||£53862|||| ||RETAIL SALES||£23693|||| ||RENTS RECEIVED||£22570|||| ||RIDE RECEIPTS||£3837|||| ||DONATIONS RECEIVED||£12136|||| ||OTHER INCOME||£28000|||| |||||||| ||**TOTAL**|||£144098||| |||||||| |||||||| ||OPENING STOCK||£973|||| ||ADD PURCHASES||£8478|||| ||DEDUCT CLOSING STOCK||£1557|||| |||||||| ||**COST OF GOODS SOLD**|||£7894||| |||||||| |||||||| ||**EXPENSES**|||||| |||||||| ||ADVERTISING AND MARKETING||£2621|||| ||RENT||£30240|||| ||STAFF AND VOLUNTEER COSTS||£21493|||| ||EQUIPMENT LEASING||£2033|||| ||REPAIRS AND MAINTENANCE||£7256|||| ||OFFICE EXPENSES||£975|||| ||INSURANCE||£1772|||| ||FUEL AND VEHICLE MAINTENANCE||£856|||| ||SUNDRIES||£218|||| ||PROFESSIONAL FEES||£7881|||| ||RATES||£51|||| ||UTILITIES||£8184|||| ||CLEANING||£654|||| ||FINANCIAL CHARGES||£757|||| ||BAD DEBTS||£622|||| ||DEPRECIATION||£800|||| |||||||| ||**TOTAL EXPENSES**|||£86413||| |||||||| ||**NET PROFIT**|||£49792||| 1 INSPECTORS REPORT AND CERTIFICATION AWAITED. DOCUMENTS IN POSSESSION OF INSPECTOR AND NO CONCERNS RAIOSED