BIGGIN HILL MEMORIAL MUSEUM TRUST ACCOUNT¥ FOR THE YEAR ENoeD ¥1 MARCH 2Q14 Charity Trumb•r.' 1162645
BIGGIN HILL MEMORIAL MUSEUM TRUST INDEX TO ACCOUNTS FOR THE YEAR et4DED 11 MARCH 2024 CONTENTS PAOE R•f•r•nce •nd adn¥niitrativ• information Tru#t••B' R•port statement of TruBtsoB' RponbIllIO Indqpendqnt Examkn*• Roport stht•ment of FlnanGlal Atho Balanc• •h••t 10 Not06 to Ih• accounts
BIQ(4N MEMORIAL MUSEUM TRUST REFERENCE AND ADIIIMSTRATIVE INFORMAnoN FOR THE YEAR ENDED 31 IAARCH 2024 TN•t• ste• Cthri Ichairmnl 18on Newman Geoff P8rnakJ8 ffrtQ6urerl Aden Lan &J• K•nway ft•ul•t•v•d Ollltt 8lggin Him M•modal Mu$•um M•Sn Rood ggin Hll Westetham TNI8 3EJ Ch•hlty numb•r 1162645 aank• M•lro Bank PLC One Soulhampton Row London IhE18 511A Evatyn Path•r8 46 GrhaM Str••t London EC2V 7BG Ac¢ounlmts MGBrtth• AEGtyJnt•nt• LLP NO HtyJ•e 2 Cr4y Rvid Sldcup, K•nt DA14 5DA
BIQQIN FILL IIEMORIAL MLISEUM TRusr TRU8TEE8' REPORT FOR TNE YEAR ENDED 31 MARCII 2024 Tho trutea8 of Ihe Biggin Hill Memorial Mu8eum Trust preBOrtthelr rtPDrt ao tNStees tDoelh•r Ihe 61attrmen18 lor th• ye8r ended 31 March 2024 as r•qulrtd by Chafty rtwlgb'ons ond legl8letion. stnKtur•, Qovamanc• and ManAg•m•nt N•tsK• ollts• taov•mlng Do¢urn•ntaRd ¢oMlltthlon olth• ets•rfty Th• nam•d Ihe Memulel Mu88um Truit 1th th•rty rogl#tr4lon number 1162845 undw • tru•t dood dat•d 27 4irll 2015. 8o•Yd of tfUSt••$ Th• tr1?1• duAng th• yMrww•'. 81oph•n Can ID•Gembvr 2021- •Mnti ion (July 2D19-Pr••enO Pln K Low (Jthnutyry 2022- S•ptember 20231 D•vld INnsta IOeGernber 2021- 8vpt•mb•i 2023) Dougl3B ShJr¥ (Juno 2022- S¢pt¢mbEI 202JI Sue Kenway18•pt•mb•r 202>Pre¥#DtI Aden L4#• (Septembei G•off PwmakJslSeptember 202>Provrtti ¢h•rfty obJoctlv•• #hd ctlvltl•s In 202J124 l. Tv advan¢¢ th• •du¢4Ion of th• puE410, by malrrtilnlnu St Q8orgo'• Chip•l of RBm•mbran¢i, and ¢it8bll•hknll ind malntslnlng •n aooodited Trwe•um •xhltrAlng Ihe Story Of Wortd thv of 2. To pr¢••rv• for lh• nOffl ofthe nalon St G•oTg8 8 W Chap•l ol RtM•nthr, In m•mory ofthM• ••rw•d In thè Aoyal Jr For0• durtng Worfd War 2, and for hlltorfc ht•r8ot. Actl¥i¢iu und•rtak•n to aGhi•v• obi•Gtiv•a Th• 9g1 HIU Memortil opened on 30 J•nuary 2019 fololng • >y•ir prol•¢tl•d by th¢ London 8orough 018roml•y ond tho ggIn Hlll Memorfal Mutoum TDJ6t. Th• mu•oum tdl•th• ¥tory of Britllln'j mo famou# fighter stolon through the experf•nce8 01th06a Borved there, and tho commu1ty th4lBupportèd thom. parttcularly thrlng Ihe Bat1• of 8rltaln llgIn Plal mado IIB nime. Evory obJDGI and evèry pl¢lur• h 4 p•r6onal aitachment to llgIn HI. The mu••um Olhrn ¥11r% a rel•ctr¥q. Ihoultht wovokkng. and Gar0 thLY•ographJd ttyjr through a r•ng0 of human exp¢rlont¢B fOre thvy ¢nt#r St Georye's RAF Chapel of Remembrance. Th18 8USter8 but Mong m•mod•l was bu4t kn 1951 at th4 In6d9on of Wn6ton ChurchHI and h46 b¢•n r8Btor8d as part ofthe proloL£ In8ld•. the r•redoi bohlnd th• ohr. 8r• th• h•mw of454 alnnon Wnufrom th• Blgon Hlll b1••1b 1939 and 1945. glggln Hkl h • Bpwal plac•,. thè mu&oum and Chapel t811 a locel hlitory of gtobab 8lgnlllcan¢e. A p8opI•.fo¢ed and $tory.thvèn apwoAch In both Iha mu88um and Chap81 alm8 to koop history allva kn pebjIty. Our motto lts'&ggln H.. Intspthg ganer8¥ons', remombarfng Ihe Fewand honourlng tho Many,.
BIGOIN TrILL MEMORIAL MUSEUM TRL18T YIIU8fEE3' REPORT FOR THE YEAR eNDeD 31 MARCH 2024 A¢tl¥ltl• und•rtAkn t•¢hhv• oW•¢llvM Iconlknu•dl After 8 yemr of refvthlihmtshtkn the pro0# year, th• eath mDnthJk of 2L123f24 saw a pirtod of consdid8l0n. Th• TDJ$t cononuod to make the noc9¥14ry Inwio¥¢menlk and repalr¥ to th• fabrlG ijl th• bulldthg to 8n6ur8 our grt th• b¢•t pos•lblp perfn¢•. Atgu•t 2023 •aw th# ¥••lw4lon fjf lh• Mu8•um C4reet¢f1our th4nka go to KaU• Eth¥ard• for h•r rft•wlflcent Itodar¥hlp OV•fth• partoo) l•adlnglheTru8tée8to 8thorll88 to filthe pNIUonofMuBeum DIts¢. l •m enormouvty gmtertd to l•llow Twitv•i wintth• extra t1 to 1111 Iht tamporwy vdd. n•aT 88afta6Y and for th•lr part In lh• recwfvnt w4o•i•. E¥•ntstilly. Sminth• B•il•y •• •ppobil•d vlth a •tArt date 016tr DeG•mb•r 2023 akYe•d. Durlnllth• l•ts Juttjmn Trttst•i& •gr••d i naw d•anlng ¢Ctract and molt dgnlflGanly6uwortedlh• newO¢Gtoi Ih th• raGwNmtnlolan èi18trnttothè Im01&rd a en1¢ala 416l•tant. Illlfufthor enhllndngthe rAJ•tomer •xp•rf•n¢•. Throvout th? ye•r Iho yoar our l•&m of lmalnll •nd ¥nOIS wlknuod to w•loom• ol all Iloes, 1h rooulBrfywètkly18lks. InfomialSve wa}no lour8. Thè ¥•ry hSghty r•¢ird•d MthlJnBol• ¢•f6 to Flay o k•y rol In th• •u•toln4blJty of thfr muieum, wel¢Dtrdng regul•rr#tym vliltorn newvldtorn to the muuum and th•p•l. lrnportlndy to u•thi G•fé en0•• u• to prodI 4 ¢ommunlty fjdllty •nd hosts ov8nt• for v8ttraTrB end ttdts at rlik of l•¢Aadcn. A¢ImU p•elll¢ to th• Ch•p•l WetsWy I¢1al contit)ue to be i ra81 l•ilura, and throu01 tho ro81 ol the year tht Ch•pd h•ld 4 numbar )[ Intarnmènt Df 4iho8. memorfal and chrf8tenlng8. The Fdehde ol St Oeoroe'l CJp¢l of Remtvnbr•nei Gonlnue to rloy a key rol In In the Chapd. TruBt8•6, Vthnt•8rn and Frf•ndi Gondnu• lo takt onomioui prfd• kn tyx V•t•r•n'• lth R•m•mk¢•h¢¢ D•y, V•leranb Doy and of courB8 B10 ofBrftsln Day 8•r¥lcei. V0ta•r. contrllArtEoM Tho Bigyn hll M•morial M0m tNIL•e• w¢re Ir• of th• l•wed by th• Ch•rity C0mmi••ion ftsr England andWele¥ on meelngtho legal rewSroments ofthe Chthrflei Ad r¢iirdlng the puE41tt b•noflL Altruitèes oporatod In a vduntary cap4clty and wer•lng olthe TwNt•nd ¥Npum tttsff w¢r• almtsd atdtllvtr4ng th• obl•Gfve8 above. Ji trugtett8 •r• vc4unteer6. The TwBt afid muBeum 6laff drew h¢•ty bcll wpport kn a very aolv¢ vc4Lmteei rogrimmo. DuAng the period ofthlB repor(60m• JO pluN voluntsers ¢orthbthedto the dat4¢Y runnlno tsftha musoum as wel a5 d•vebthg and introduclng now and Int•re$fjng subleGt mattor for our r8llul•r tslk6 to vl$ltors and outreaGh groupB. Fow Ar Trnlnthg Corp• Godots from the adl•GOnt 2427 ATC v¢hJnt•er•¢J •tth¥ mLM•um •• pgrt ollh¢ commllmerrt to the ke of Edinburkth Aw4rd Scherne, •lthg •lx mu•eum •ttJ¢Jei stud4#ts from Blrkb¢¢k Univernty. Fr Duko of Edfiburgh •tydents not GonneGted Iv the ATC vr4unt•ered is p•rt Dllhe s¢hem¢.
BIQOIN HILL MEMORIAL MUSEUM TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Fundmlskng The Twst¢06 continu to explwo way6 of knndino. Th18 indude6 wunBur61dp and gvuntB indudng thg hlrlnu ofthe muB•um and Gifé. Inv••lm•nt p•rfomwnc• The TN•t aFpolTrt8d P•rlner6 W•41th Monag•m•niifkney to monap thé Irw¥twnt tsfth• £1.S6 nllllm rwrva•. y way ol iome backwound the fijnd wa8 Ortglnalty hdd by the London 8orough ol %%lth th• Truit took the rasponsiblllty through the Investment managors operating w5th1n thè charlty seetor. The TnJ8t Fln8n¢è Group hold• 6-monthty mootinp tho fiJnd moThager8 to m¢Jnrtor and nure Ihe ando¥%Ment. At Ih• end ofthe accounn[ period th• market vobJ• of knve8kn•nts stood at £1.630.592 mlNIDn •ft•r 8 numbir drnwdo¥%mi akY8•d by Truth8B to 0Part • r•v8nu• •hwll•ll •Thd ofth• N•t{On Loltery H•rftaao Fundlny. Fkn¢1 r•vl Durfng th18 repNting parlod tho muuum r¢G•lv#d donalDn• pltdim tot411ng £187,714. Incomp gen•r•ted trom the inve8tment. donaljons and therltsble a"t&. from operating cotsts were dÈductWè. rÈsuked In o d•fidt of£139,049 for thè y••r. Rv•r4u PoHcy Gomè g8n•rot•d from the Invé6tmentfvnd16h•ld al T•8ewa8 to ursda thi builnB8• pl•n. Th¢ fithdts o•n¢r•t InVtnt In¢omt to brtdi• Ihp gxp•¢l•d ohortfal of In¢ome to ¢xp•nJre approxlm•tqly £60,000 per •nnum, the equfval•nt of 4 c4r¢4 4% r•tym on th• Inv••tmvnL Thh In¢om• ¥hortfvl wth• expictvd to Idle on¢• the Ntstionèl Loltery Heflt&9e Fund grant expired in Mèrch 2022. The reseThei held by the Trust may be dèpltsyttd •tthe d8c•t4on ollh• TruBt. Prbnclpd ¥ourc•K olfun& Th• 991Th Hlll M•morf•l MuBaum c•ph•l and operatton•l budgrtz• nded by.. Th• Ubor Fund Ih• HOta90 Lott Fund London Borough ol Brornlèykn S•Gtlon 106 monl Londcn 8orough ol 8ronrt6y'B C•pltal Programma Tho TN•t •lBO bonthd trom 6maler dMalon6 from IndJaI8 and •m•l ganI••don ai a• don•llw& of mumum obioGl• 4ndteathlng ioolB. Th• mothodl idopted forth• recrullrnefit and appolnlment ofnth¥ tNste¢% Tlit compos7 of Uio Tiult Boaid is ivith*d log1¥ Ir> ordw to llengr•te an apprLyrlato blllanGe of tskUl& and exp•rfDn¢¢ •mono tru5tse•. DuAng Ihli p•rfod, three TvJ$ts•6 Bteppèd do and thrao new Tru8tèai wère appolnt•d Ihtr 06tobhhed INts•W proGaqq.
8la01N HILL MEMORIAL MUSEUM TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 Th• orykn0naI tructtbr• of th• charfty and how d•cl•l% w• mad• Thé TN8t b8nefitsd from a Nadon81 Lthry Harltsge Fund grant Sacured by tha London Borougth of Bromtoy In a880ClaOn %%ith tho Tru8tfor tho con8truct.on ond d•liveryofth• Biggin HIIIMtmorlal Muieum andthepruerwotic of Ihe Chapel and groundB. Thh indude6 Bupport for re¥u& co8ts In the first 3 years of oporaloTr. The London Borough of &omloy fonnalty handed over re6pongibllty fof the rN6eum and Chapel to the Tw6t In NovombBr 2021, kltinU•d towork thredywlth thè TnJBtuntil M8rth 2022 &B pwt olthe agra8m•ntw4th Ihe Natlonal Lottery Harltage Fund. ThttTN8fadw-ttrd8yworkduthgthSB perfod organ4d by8ub-commfd•ttledtylndfvlthJal trusteeB coverfng Governance. Flnancd. Fundraislno. Matdno and COmmunion$. Cuf8tOri81. Edu¢abon. FAcilitieA M8naoement. Hum•n Réiourw, 2 thvdopmwt the Chapd, The Tfuit wa• 4blè to meot m01Y olthou remottty vla ZDOM. ft•l•tl¢n•hlpTIth r¢lAl•d p•th• 7h• Tru•t¢orhOnyed lowthln parIh•rnhth thè Londtyn 8tsrouih ol&on4•yln tho managemt oftho Nalonol Lottory Hérflage Fund Brant a8 well aa other tsucceaaful fiJndng bids continuolly to improve the ¥hilor experience. Th• Tru )lo h41 egtsbll8hed In*B th• Frlwda of St Gaorgo'8 RAF Chopd of R•m•mbronco. Th• 8ub•lthary company, The Blggin Hll Memorlol Mu•eum Coryany Ltd, wu Ir¥Gorporntod on 9th 12010. Th• MmpQnyd•t nttn.¢hartt•bl• ¥p•rnOun• ofth• Mu•oum 8hop •nd •l•o lh• Mu8wm eofè. 7ho Company c•M•d tr•dni •tth• •nd •fM•y 2022 and w•• wound up kn 8•pt•mbaf 2023. by • tru¥t¢•$ On... •nd dgn•d by.. stap
8IOtsJN NLL MENORIAL MUS£UM TRUST ITATeMeKr OF TRU8TEE$ RespoN81gILme8 Th? tru•tknb Irv re•pth•lNe for Prepr9 a tru•teM' rtyort nnd fin4ndal •tstements aGGDrd•n¢e appHcable law and Unttéd bthgdtsm Ac¢o¥ntsng StsThd)rdt Iunlted lanidom Q•ner4ty A¢¢opted Ar¢ounlno Pr4¢tiG•l. Th¢14w •wW¢aW• to Engl•nd and Wfjl r•quliM the th•rftytN•t•#• to pripare fln•ndal •ttht•ment• for lach yeaithlth • knJ• And f•lr ¢W ufthe itate of •ffalrn of Ihe thadty Ind ofthe InconI reiour¢e• and appllcaoan pl rn8ourv$, of lh• for thit pirlpd. In prip•rkng th¢ flnand•l $tatemftts, the bw¥tee8 ore r•qutr•d to: lelaot NiJh8bl• accOutIng poll¢lè8 thèn 8ppty tham con8l•tthtty', obseTh• th• mthods •hd prkndpleo In the Charth8 Sl•t?m•nt olR•¢ommMd•d Pradl¢• I%ORIT,' make iudgm•nts and thii •r• r•asonaN8 and prudenL •lats accounlng •land8rd8 ind OtthmlI of recommended pr•cllc• hav• b•en fomowod. oubloctto ony moterfol deportureb d11d•d and txplolnod In the flnondal 1tst•m,. and prepare the ffnanolal st8t•mgnts on th# gdng ¢on¢em bi•19 unlM• It l• thopproprf&t• to prq8um• thalthv tharity ill conbnu• in op•ration. Th• trulloei ore rebpon•lbla for ka•pSng propw accoundng rèoord& that d8do8• reaionabl• acvjraey at •ny me the flnandal po10n oftht eharlty and to enable Ihem to en8ureth4tlh8 flnanclal 8tatem•nts eompty th ChorltieB A¢t 2011. tho applIcae ChaAti•8 IAccounla and Report81 Regulation8, and tha provi6icni of th• TN8t da•d. Th•y are B0 1è6pon61No for 8al•guardlng the a88ats of th• thorlty and t4thg r•a8onabh 8t¥p$ for th• pray1n ano d•t•clon of fraud and oth•r Irreqularfl•8. Th• tru6180• ar• ¥••ponblo lof tho mainÈ•nonc• and iniewty of the chorily and fiThonual informition indud8d on thfr charlty'B webetto In aCGord4nc• *lth l•lalI0Th kn th• u11•d lQngdom go¥wnlng the pr•parallon •nd dl6Bfrmln4lon of flnthdal Btstem•nts.
IQOIN HILL MEMORIAL MUSEUM TRUST INDEPENDENT EXAMINERS REPORT TIE TrUSTEES OF BIGOIN HILL MEMORIAL MUSEUM TRUST I report to the tru8t¢•• on my •xawlTr•bon of thv finan01 ¥tatement• ot Memorfol Mu•oum Trust {• hadVI fortheyearfjndod 37 Marth 2024 ¥thlth comprfsv the Ststement ofHnandal A¢M•s. lh• BOn¢& Shaet and r¢14tEd nots¥. rppgrt l• mjde •ul•ly to th? Ghlty'J tru•ts••, •5 4 boo, In •¢G¢Yd•n¢i th I•6n 145 Of tha Ch&ril•s Act 2011. My work haB been undertaken 60 that I mlght Btste to Ihe thlltlty'$ trusteE• thDie mattorn l am rewlfed to 8tstv to them In report and for no other purpose. To Ihe fulle•t extent permtttsd by l#w, I do not ¥GGept 45sum• 1•5pon6SNllty to other than th• ¢h•rtty 4hd th• thirfty'• trte 15 • body. for my work, l¢y thi• repprt, or for Ihv oplnlonl I hjva formed. Re•ponslbMltle• and b•g19 ol report Athe truthae ofthe chartyyou •r• r•8pondble lor th• PreparaOn ofthe finahdal 8tat•m•nts In arKorthnc•hllh the roqulr•moTrts ofth• Chadlls Act 2011 Ilhe Act'l. I r•port In resp•¢t Of my è¥omln•lon ofthE th•rlty'8 finand•l ststimtnts rrf•d out LdI1 tse¢bon 145 ofthe Aot 4nd In out my •y•mln•lDn I hav• tsl¢w¢d 1 th• I1¢11 Dlr¢doM g5v•n by th• Ch•rfty CtsMmtsoTh und 145151(bl trfthe A¢t An Indvpendent oxamlnition does not hvolve gathorinG al tho twdence ththt would bv requSred In In •udtt and ¢on•equpnty dDe• Ilot ¢oYJr Ill tre m•tter• Ih•t audRor GDn•ldDrn In gl¥lno th•lr op4nlon ¢n lh• flnon¢4al t4toment•. The plafinlng and conthjct Df an au(Ui goeB beyond th• Ilmthd aoiur•nc• th•t •n Indop¢nd¢nt exanlnafjon ¢4n prOde. Con6?quenty l oxwoii no aplnlon to •ther the fln4nd•l •t4t¢mvnts w••tht 4'tru• and falrf my Mport li IT1•d to tho•• mAtt•r• ••t out In th? Ind•pendgnt •xmlnwh tht•m•nL Ind•p•nd•nt •x•mln•rfs at•t•rn•nt I havè ry •y8mlnalDn. l amllvm Ih81 no mit•rfal mottern hov• oomè to my Btt8nlon In oonn•olon lth Iho •xamlnaUon aln9 mo cause lo bdlov• that In any malorlal r•spacI'. accounlng fècord• re not kèpt In rw•ct ofthe Ghorfty 88 r•qulrod by 130 olthe Aot, or th• thgnGlJl •t8t¢m•nl¥ not •¢¢ord Ihtr8• r¢corLkn.' or the fin•nd•l •tatfrmonts do not corn rfth tho 1¢abl• rfr4ulr•mMts ¢onG•mlng th• fom and ¢Mt•ht olaGGounts i•t tyjt kn tho Chorfd•B (Accounts aThd Rfjport81 RogdotScni 20De Dth•r Ihan iny fequlrgm•nt th•1 the iCGDunts gfve a 'truo and falr wew vthlrh h not i rntt•r ¢Dnildor•d al pthrt ol an Independqnt exanl5iiapI1. I hwo no conGemB •fid h•v• wrno •(OBi no oth•r m4tt•rn In Gonn•clon lth th• •x•mlnlon to *thl¢h Ihould bt dra In report In order to enabl• 8 Pfop•r uTrd8rBtandnB of the finandol ilatoments to be r•aGh•d. arr, FCA For and on b•haMofMcBTldeB Acowntanto LLP. Nexim Howe. 2 Cray Rood. K•nt. DAt4 SDA Dqt8'.
IOQWHLLIIEIIOAi•L MVIEUM IRUST
4TATEMYITOV pcL¢TM1iEI FOR TrYF•JI SI>ÉOS1 IA•ACH 1014 Uhr¢knd IlwlArd•d Fundi Fund• Ta•13031 11.500 7.482 12.251 11. 70.503 12.260 4,•17 3S,724 363,314 77315 31,135 IJA41 22,LV 23.OQ6 13,8 314 Rthlnq fvn4•'. V••im•ntriilMg•rrtni&u 21JO 21MI 1%.332 .74B 207,732 322.396 .Qg1 8UPPOrt i?0 J21 rwin¢offl*Y•xvTrdttw•}b•f•r•qth74 olml IOIA07 101,407 121,012> 01A0 p6,Jt•) 102A•) P4M2) PDJ141 Fwd•bftit I P•i12023 IC4.711 1.7U.241 1 7B¥ 141 mi¥ oèi 11 t# 17 fonn
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14. BIGOIN HILL MEMORIAL MUSEUM TRII8T NOTES TO THE ACCOUNTS FOR THe YEAR ENDED J1 IIAftCH 2024 ACCOUNTINa POUCIE8 The finand&l statsmonts hav¢ boe# prepared In accordan¢e wlth AccounffjTho and Reporong by ChaAI•s.' Statement ol Rtcommend•d Prartce aPIcabl to Yepn# Ihelr •GGpunts In •ccord•nce % the FInan R8porUng 5t8nd8rd opplcablt Sn th¥ UK and R•wbllB of Ireland (FRS 1021 ahd nwlcible regul6. Th• Ingndal stat•mantk hav• boon pr?parod t• k4v• o •nd lthlr, ¢W •#d have d¢p•rted from Ihe Charf0 (A¢ctyJnts and R•pL¥tsI Rqwl4lonts 2008 onty tp Ihe •Klent requlred to provlde # 'true falr vlow. Thla departyrè hal Inycfved and Repor9 by Ctharlurt prepahngthelraGGounts in 4¢coidanee wth the RporVng StAndard appllcable in the UK End Repubh'c of Ireland IFRS 1021 ratheTth8n the Accounlng ond Repordng by Chothé8.' Statsm•nt ofRé¢omm•nd•d Pr8dre •ff•GIv• from 1 W 2005 lch ho8 $lnce be 1th¢8. 8lggln Hlll M•modal Maum Trust m¢oty th• d9finttI •f 4 wbU¢ b•n•lt und¢r FR8 102. PA•ots nd 11a110 are Inttlahl recoont88d •t hhtOrfc ¢Mt or tranudoft V• urd•# tsth•Mkp •t•t•d In th• rd•vant accounn9 notes. Oroup JcGount8 have not b8n prèptyr#d on tht balB thatthe Twtst wallfieB ae Tho fvllowlni IM th• aGcouhlng pdldel wthlth hav• ba•n Bpr418d In deaung wlth mot•rf•l It•m•'.- It h th• oplnlon ofth•truBte¥o thatthe oftha golng concm b8818 ¢fanO •MKtyJrlat• b•cau•v.' Ihere ire no rnatorfal unr•rtalnbe8 rnlalng to •vents or condlOon• Ihat nT•y oa•t ilgnlflc•nt doubt bouttho alIty oltho thartyto coTrdnu• 08 a golng conc•m'. ei•15 f¢a90114ble 8xp¢blaJon Jiatlht rharity has adequaltr re8OUiGe8 io coiiunuo In oparauoiiol •xlrt•n¢• lorth• lom•D•tle fiJ1•. UnreBthryt•d In¢omo Nd0 IhoB• tho trU•t•q8 •r• frea to ulo for ony purpolè In rth•r&ne• ol the thirfluble obl•ct•. UnroBJlcted fundB Indude dwlgMt•d fttndl th•T• the tru•t•tt. at th•lr th#¢r¢dDn, h•ve for o ¥p•dflG PUIPOI•. R•¥lriGl•d fundi •r• lufidl to b• us•d in aGGwdenG• ilh w•rAfic r80tsiGboTh• in¥)0oed by th• d¢nw or tru8t doèd, Thar• 18 a dngl• Cap1 Fund. repr¢•¢nt8 money held a• oxpend4blo pormanont 0nd0vkn1l vkn2r¢by thi In¢pmt bi Ipplled lor yneral purpoleu proo•8ds arfslng from tha lol• ol th• fvnd• •rf1Sng ¢an be sJ•td for tharttsbl• purpM••. F1her dtlI of each fijnd Brp dL4do8ed In Iht note$. I Incomoll racogn4Bedanc•th• tharftyhi• •nbllBmwrttoth• Inoom•, ther•t•Ull(4•ntG8rtalnty orr8c8lpt and 80 lprObabl0th0lth1InCoMéVm b¢r•¢dv•d,ndth• JMDl0fInG0M8 Mc•lvaL4• me48ured rdlably. Donal8 arefecowlsèd b#eTh comNnlG•tsd l# r¥•d kn Mnglth ofbolh tho amtyjnt and 6etU•mènt dats. In Ihe ev•ntthJt • don•lon 56 oublertto that roqulr• & Iwel of perform8nce before the thartty 1$ endlled to Ihe nJhd5, Ihe Income 18 deferrerf Bnd nolrecoon18ed unfjl eRher Ihose arB mrt, Ihe fulfilm¥nt ol thos¥ conthb'on6 16 whdly withln the control uflhb Gh*fjty and it h probat4e that thos• ¢Ldon& be fijlfilled in the rworong period. Intor•gt on fvnd8 hokl (fi d•poitt16 Induded of thÈ tht4r?It or p•yat4e by the Bank. DfvldendB gro roGognlsed oTrcÈ the dlvldtnd has bt•n dÈdartd and notllHtlth hD6 been recoived of the dmdend e. Thi6 18 normalty Lwon ntstifi¢afjon by our thv•BtmBnt I(160r or the dlyidend yidd ol the Inv¢61mentportrDIIo.
12. afjlN HILL MeMOIttAL MII8EUM TRUST NOTES TO THE ACCOUNT8 FOR THE YEAR £NDE031 MARCH 2023 ACCOUNTINO POUCIES Icuntknurdl Llabih'tiel Ire recognhed expendltstr? 01 8uon a8 Ihèr• L8 a l•gal or construthe ot419On ¢ommNItho th• charitylo Ih•texpent4ture, probablv th4t•¢wem•nt be r•qthr•d andthe 8mr¥Jnt oflhe obUo•tlon •n be meo•urod roll•bty. l •xpofidlture IB aGGNnted for on an ttcryuali b•sl&.Ml •xpèn&e8, Includng 8upport¢OBt8 and govornaThG¢ coats. are illocated or Jpporooned to Ihe typrjlwe txpendtur• h•adlng6 kn tha Statement of flnncJ•l aGOvlU8& Formce Inlormon on Ihl• r•f•r to tho not• bdow. Support costs have been (Offerinterf bth•en gov8rn8nc• cogts and othw •UPPLWt Go•l•. GovwThi#¢• coth ¢omprfs• 01 td$lA Involfig Ihé public 8ccountobUty ofthe ahd Its Mmdl•nce 1h rogulallon ond goctd praGIG•. Thele ¢0118 IndudB ¢osts ralat8d to •tabJtory audlt ond logal leei togvth•r lth in app0rfMonI ofov•thfjad iupport oo•t• r&n0 t• Board méelny. Qov•rniTrGe ind Bupport Go¥ts rdalng to hav• b•on appothomd ipprcWil#ty. The allocatlon of 6UPPOrt and oovein•xGo coot& Ik anatysod In the notes. Th• co•t• of9th•rlhg ¢orht olhv•itmant m8nag8m•nt and Ityl I••i. The expon(41ure on chldtsble ithll•• Induda• grants mod•, iovom•n¢o 01• •nd In •pportlonm•nl ol •uppprt •1 •how) In th• nots•. Inveitmvnts Ire Inthlty r•Monl••d •t thdr trinB8Lllon vduo and I•¢gu moawr¢d •t thelr mark•t vu thi •t th¢ bilgn¢• ¢h•t dats u61ng th• ¢woted markvt prt¢e. Th¢ •tatam8nt of fln•ndal •GM• Indudt• th n•t o•ln& and108• adqlng on revahJ0ll fynd thrputhout the Yr. Th• do¢• not ¢wlw ¢¢ wrt opttonB, del•# c oth•r ¢¢MM IlnNndal Instrum¢nts. kl Th• r•gulw. unr••¢n'¢tad intsame is wJffit48nl ¢0 covor Ihe d•y to d•y runnirto olth• ¢harity. Th• oy¢d r¢••tvÈ pollcy for 2024wa6 to hove avallable i nIMUM olj monlhl Èxp¢ndltureln unre•irfct•d fvndts. on the rfik profile ol th• Income ond expdIlut0, w•# d¢em•d an approprfat• •mountto cover any •udden thmA•e• In •Xp?ndr¢ or dpcr8BB•B th InGom•. y unr•thct¢d fvnd• hdd ty•r and obov• IhLq are r•gulirly morthred th• knt•ntlM 01 u4ng th•m to forward Ihè thèrfty'È oblectfvei. The r•6aThé policy 16 aMe66ttd by Ihe INii*o• Kor •ppropriat•M••. Tf•dÈ and 0lh•r debtorn aré recowlsed the s•tllement imountthJ• •ft•r any tr•de dIient gff•r•d. Pr¢paymint8 •re ¥aed at th• amount propad not of Nny tr•dv dl•wurf& thi.
13. BIQQIN HILL MEMORIAL MUSEUM TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUPlllNO POUCIES Icorthu•dl Cath at bonk 8nd kn hand IrTrdud•B eth and ehort tsrrn hlghty Iquld Inv•81MIth a $hort mabjrlty of Ihrea monlh6 t•le6• from tho dato of aGwI60. n) klo& Stock18 hdd at th• lowr of oo•t •nd n•t r•4hJt4• ¥0•. Crèdlor8 and yovi6loJ18 are rf cogn16ed whrv the has a prus¥nt obligaljon rvsuldnll from a past event thit problY rnBuIt In the transfer of fvnd• to a Ihrd porty Ind the amount dLTr8 to 8Otd• th• otdlgattoh be moawthd or eBlmatod rellBbty. Crodftots and provlblonB iro nonn• reGoqnli•d •t tr•n80c0 Vae. Th•y ar• iub8equeThly mèaBur•d at amorOi•d cost uilng th èffeth• inter•Bt mothod. •Ypt wth•re th• of thb¢ounllng wiwld b• Imrn•tertal. In iuch ¢88•8 cre¢Jltorn orn •tated at th8 FInanlI IMtrumeTrts are claulfiod and aGGounttd lar, •Gcordlng lo the •ubitanGe of the rontroclliil angement flnanclel a•80ts C llrsancld labllldol. The chaty or ho• Inond41806ets and Il•bIle6 of nd that qualify oi ba8lc finond•l In•lnJmonts. 8•slc fiTrenclil InBtruments oro lfimalty r8GDgn16ed at tr•n•10d vipje. Théy ar• 6ubgaqu•nly mo•wr•d at om¢vJ•èd colt using thè •ffectlv8 Intèr06t molhod. •xvpt %th•r* th? •ff•d of dloownfjno would b• Imm•t•d41, In vknlth M8• they •r• Btat•d roBt 118M lrnpalrmantwhere opproprfatal. E8Omat8B anddgeMentS are ¢cn81 •vabJ4ted and •ro bi•ed on hlotodGd eMperf•nG• and othfjr faGtor3, Indudlng 8xPo¢tsttO of fur0 8v•nts that iro bollov•d tc be f•4ion4ble und•r Ihe 01rtIncu.
14 941hLL fiwR4LPIU8RUIA TRUST NOIISTOThEACCOUNTSFOAIHEYE•R ÈNDFts ¥1 I14RCM2• 2014 ¢••t4 dlrttdy ¢lli•dt• Tthl 1021 12,041 7.(t29 ,14D E1¥¥1 Nl Eryhy•i p•nX 7,Q20 1,oce 741 43,733 111.IB2 41,957 23, 24,282 12,701 15,8X 21 23 242 A•wirn4nd Nknt•Nnr4 .?Pl .4 21.13a 2Q7 22#¢13 Ib. upport 2021 JA4J 3,931 1.042 i.OU7 6,n4 724 In•w•nc• & ts)•ry •17 717 1•,43dl 34,S70 ?17 L•i•l $piof•1110fiAI 17.257 34M70 2N7 k th•191• J.2J) 24,Q21 6,010 718 2014 1021 T•t R•btlotqd kndo•nkn Jn Pund Tu¢•l 2021 INCC4t J5.724 02.2M 7T.215 21.135 JS.724 XJ.J44 77.21S 21.136 ¢tIn¢am• Othqrlhllornp EXPÉMDtrURF 21,433 22AJJ 322.318 213.3&1 io•,c 121.0121 1.1121
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A¢)118TOThIAGCOUNTS POMThÉJEA EPID¥4 lAcH 2014 IFSLEYwlodo Incwfi• DItK UDriNt Spèdd SlttsiUDM MGepr ndhy P¥rt Fdlc FknLlvPothkn l tts Fm Ltd 91,316 14,0 90,205 14,578 92,917 l)Jbfi•piJoW E17JtyTGBPIne Ih¥ts¢p Phwtd fx4d petr O)x UnkBJDd Sd Ltd C4pl• Trtyn XIVK DEbtoY 2011 bywup 030 25.424 Cthrd•r& 1,107 •. SIDGk 2021 Qoqd•fDrr•B 4A 2021 2Q21 Is.1 14.$41 21, 24,402
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