ERO PARK Aeropark Heritage Aircraft Collection Registered Charity No 1159587 Chairman's statement to accompany AHAC accounts for year ended March 2025 The Aeropark has had another very successful year with increased gate numbers and a big increase in shop sales. We have added two more exhibits and transferred on loan one to a more relevant collection. Our Blackburn Buccaneer exhibit has been rolled out of the hangar for public display, and major improvements have been made to the museum grounds. Whilst Planning delays have ensued, and final permission is awaited, construction of our new gate house and shop should be started in October of this year and will be open early 2026. As we continue to raise funds our future plans are being developed and these include covered areas for displays and improvements to the hard standing. The maintenance of exhibits is ongoing with the long term restoration of the Argosy approaching its completion. We have major restoration works planned for the future with our Javellin and Sea Hawk exhibits, plus a full repaint of the Nimrod. CJ Graham Vale Chairman Charity number.. 1159587 Aeropark Heritage Aircraft Collection Accounts 31 March 2025 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 finanual reporting framework as set out in note 1, and for providing HM Accountancy Services Limited with all infonnation and explanations necessary for their compilation. G Vale Chaimian 22 April 2025 Aeropark Heritage Aircraft Collection Accountants. report on the unaudited accounts to Aeropark Heritsge Aircraft Collection You have approved the accounts for the year ended 31 March 2025 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. HM Accountancy Services Limited 83-89 Phoenix Street Sutton in Ashfield Nottinghamshire NG17 4HL Aeropark Heritage Aircraft Collection Profit and Loss Account for the year ended 31 March 2025 2025 2024 Income 312,356 222,566 Direct costs 71,481 45.599 Gross profit 240,875 176,967 Expenses Vehide and transport costs Repairs, maintenance and security Office costs Finance charges Accountancy, legal and other professional fees Depreciation and lossl{profit) on sale other business expenses 4.117 49,080 8,615 5,233 36,104 5,763 25 11,170 11,455 1,505 47.730 8,590 4.356 122,496 71.255 Profit 118,379 105,712 Aeropark Heritage Aircraft Collection Balance Sheet as at 31 March 2025 Notes 2025 2024 Fixed assets Equipment, machinery and motor vehides Other fixed assets 25,772 193,779 219,551 34,362 193,779 228,141 Current assets Stock and work in progress Banklbuilding society balances 5,000 507.713 512,713 7,000 378,754 385,754 Current liabilities Other liabilities and accruals 390 400 Net current assets 512,323 385,354 Net assets 731,874 613,495 Capital account Balance at start of period Net profit 613,495 118,379 507,783 105,712 731,874 613,495 Aeropark Heritage Aircraft Collection Notes to the Accounts for the year ended 31 March 2025 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 infomiation to enable the completion of a tax retum. 2 Profit and loss account analysis 2025 2024 Income Income 312,356 222,566 Direct costs Direct costs 71.481 45,599 Car, van and travel expenses Vehide running costs inc. hire 4.117 5.233 Repairs and renewals of property and equipment Repairs, maintenance and secajrity 49,080 36,104 Telephone, fax, stationery and other office costs Telephone, internet and computer Postage and stationery Insurance 1,042 131 7.442 8,615 2,387 36 3.340 5,763 Bank, credit card and other finance charyes Charges 25 Accountancy, legal and other professional fees Accountants fees Other legal and professional 390 47,340 47,730 400 10,770 11,170 Depreciation and lossl{profft) on sale Depreciation 8.590 11,455 Other business expenses Sundry expenses 4.356 1,505 Aeropark Heritage Aircraft Collection Notes to the Accounts for the year ended 31 March 2025 3 Plant, machinery and vehicles Vehicles and equipment Cost At 1 April 2024 At 31 March 2025 119,632 119,632 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 85,270 8,590 93,860 Net book value At 31 March 2025 25,772 34,362 At 31 March 2024 4 Other fixed assets 2025 2024 Buildings Heritage assets 33,779 160,000 193.779 33,779 160,000 193,779 5 Capital account Restricted fvnds Unrestricted funds 193,779 538,095 731.874 Aeropark Heritage Aircraft Collection Approval statement We approve the accounts which comprise of the Profit and Loss Accoun( 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 HM Accountancy Services Limited with all information and explanations necessary for their compilation. G Vale Chairman 22 April 2025