Review of activities.
The year to April 2024 has been very successful with both an increase in visitors and retail sales which is continuing an ongoing year on year trend.
With the lease being signed, this has allowed us to continue with our plans for the new gate house and shop and allowing for more covered area for aircraft and displays. At present we are in a pre-planning application stage.
Building for this is expected over the winter 2024/2025 once planning has been approved. We have ensured that local companies have been carrying out the work necessary for the pre-planning stage, and we intend to contract with local companies for the design, engineering and construction works.
More aircraft have been painted with the major one being the Armstrong Whitworth Argosy which because of its size has taken some three years so far with a completion date by the end of this summer. A number of other aircraft are in progress and should be completed over the next year, so as to generally improve the visual appeal of the Aeropark.
Membership has increased with a lot more working members and a big increase in Friends of the Aeropark.
We are still hoping to build a display hangar for some ofthe aircraft in the coming years once we have raised more funds, as for example the possibility of a Hawk being made available by the RAF is subject to it being displayed undercover. |
Chairman
Charity number: 1159587
Aeropark Heritage Aircraft Collection
Accounts
31 March 2024
Aeropark Heritage Aircraft Collection
Approval statement
We approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. We acknowledge our responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing C & L Associates UK Limited with all information and explanations necessary for their compilation.
G Vale Chairman
6 May 2024
1
Aeropark Heritage Aircraft Collection
Accountants' report on the unaudited accounts to Aeropark Heritage Aircraft Collection
You have approved the accounts for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
C & L Associates UK Limited 83-89 Phoenix Street Sutton in Ashfield Nottinghamshire NG17 4HL
2
Aeropark Heritage Aircraft Collection Profit and Loss Account for the year ended 31 March 2024
| Income Direct costs Gross profit Expenses Vehicle and transport costs Repairs, maintenance and security Office costs Finance charges Accountancy, legal and other professional fees Depreciation and loss/(profit) on sale Other business expenses Profit |
2024 £ 222,566 45,599 176,967 5,233 36,104 5,763 25 11,170 11,455 1,505 71,255 105,712 |
2023 £ 193,826 36,529 157,297 4,970 36,942 3,094 93 1,640 15,272 275 62,286 95,011 |
|---|---|---|
3
Aeropark Heritage Aircraft Collection Balance Sheet as at 31 March 2024
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Stock and work in progress Bank/building society balances Cash in hand Current liabilities Other liabilities and accruals Net current assets Net assets Capital account 5 Balance at start of period Net profit |
7,000 378,146 608 385,754 400 |
2024 £ 34,362 193,779 228,141 385,354 613,495 507,783 105,712 613,495 |
3,951 263,828 808 268,587 400 |
2023 £ 45,817 193,779 239,596 268,187 507,783 412,772 95,011 507,783 |
|---|---|---|---|---|
4
Aeropark Heritage Aircraft Collection Notes to the Accounts for the year ended 31 March 2024
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Profit and loss account analysis
| Income Income Direct costs Direct costs Car, van and travel expenses Vehicle running costs inc. hire Repairs and renewals of property and equipment Repairs, maintenance and security Telephone, fax, stationery and other office costs Telephone, internet and computer Postage and stationery Insurance Bank, credit card and other finance charges Charges Accountancy, legal and other professional fees Accountants fees Other legal and professional Depreciation and loss/(profit) on sale Depreciation Other business expenses Sundry expenses |
2024 £ 222,566 45,599 5,233 36,104 2,387 36 3,340 5,763 25 400 10,770 11,170 11,455 1,505 |
2023 £ 193,826 36,529 4,970 36,942 920 461 1,713 3,094 93 400 1,240 1,640 15,272 275 |
|---|---|---|
5
Aeropark Heritage Aircraft Collection Notes to the Accounts
for the year ended 31 March 2024
3 Plant, machinery and vehicles
| Cost At 1 April 2023 At 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 Net book value At 31 March 2024 At 31 March 2023 Other fixed assets Buildings Heritage assets Capital account Restricted funds Unrestricted funds |
Vehicles and equipment £ 119,632 119,632 73,815 11,455 85,270 34,362 45,817 2024 2023 £ £ 33,779 33,779 160,000 160,000 193,779 193,779 193,779 419,716 613,495 |
|---|---|
4 Other fixed assets
5 Capital account
6
Aeropark Heritag8 Aircraft Collection Accountants. report on the unaudited accounts to Aeropark Heritage Aircraft Collection You have approved the accounts for the year ended 31 March 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with yOLJr inslruclions, we have compiled these unaudited accounts from the accounting recofds and information and explanations supplied lo us. C & L Associates UK Limited 83-89 Phoenix Street Sullon in Ashfield Nollinghamshire NG17 4HL