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||||Page|
|---|---|---|---|
|Trustees'
annual
report||||
|Independent
auditor's|report to the|members||
|Consolidated
statement|offinancial|activities|15|
|Consolidated
statement|offinancial|position|16|
|Statement
offinancial|position||17|
|Consolidated
statement|ofcash flows||18|
|Notes to the financial statements|||19|
##
##
|Reference and administrative|Reference and administrative|Reference and administrative|Reference and administrative|Reference and administrative|details||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Registered
charity name|||||The Battle of Britain Memorial
Trust|||CIO|||
|Charity|registration||number||1169005||||||
|Registered
Address|||||PO Box337,West Mailing,|Kent,|ME6|||9AA|
|Patron|||||HRH Prince Michael ofKent|GCVO|||||
|Trustees|||||||||||
|President|||||Air Chief Marshal Sir Stephen
Dalton||||GCB||
|Chairman|||||Richard
Hunting
CBE||||||
||||||Violet Lady Aitken (Died 18|February|||2021)||
||||||The Hon Rory Aitken||||||
||||||Mrs Deborah Burns||||||
||||||Lieutenant
Colonel Barry Duffield||DL||||
||||||Wing Commander
Sophy Antrobus|||MBE RAF (Ret'd)|||
||||||Mr Robin Green||||||
||||||Flight Lieutenant
Bernard
Hyde AE* (Died 2 September 2020)||||||
||||||Mr Nick Lawn BSc(Hone) MRICS||||||
||||||Mr Roland Parry BA (Hone)|FCA (res.||||6October 2020)|
||||||Air Vice-Marshal
the Ven Ray Pentland|||||CB|
||||||Mr David Rosier||||||
||||||Wing Commander
Andrew
Simpson|||BScRAFVR(T) (Ret'd)|||
|Hon Secretary|||||Group Captain
Patrick Tootal OBE|||DL|||
|Officers|(with no|Trustee||responsibilities)|||||||
|Life Vice|President||||Air Chief Marshal
Sir Michael|Graydon||||GCBCBE|
|Life Vice|President||||Mrs Shelley Page-Gubelmann||||||
|Life Vice|President||||John Henderson
(Died 16November||||2020)||
|Life Vice|President||||Paul Tory||||||
|Life Vice|President||||Mrs Geraldine
Allinson
OBE|DL|||||
|Life Vice|President||||Mr Roland Parry BA (Hons)|FCA (appt||||6 October 2020)|
|Key Management||Person||nel|||||||
|Hon Treasurer|||||Mr R Parry BA (Hone) FCA (res. 6||October 2020)||||
|Hon Treasurer|||||Mrs SJ Pilcher BA (Hons), CSBM||(appt 31 July 2020)||||
|Events Organiser|||||Mrs J Tootal BEM||||||
|Site Manager|||||Major (Ret'd) J Gomez||||||
|Assistant|Site Manager||||Mrs A Gomez||||||
|PR Consultants|||||Go4 Marketing
and PR Ltd||||||
|Assistant|to Hon Secretary||||Mrs K Hume||||||
|Marketing|Consultants||||Realia Marketing||||||
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note|F|8||E|
|Income and endowments|||||||
|Donations
and legacies||4|318,209|61,000|379,209|125,876|
|Other trading
activities||5|155,607||155,607|374,582|
|Investment
income||6|35,041||35,041|52,636|
|Other income||7|198||198|264|
|Total income|||509,055|61,000|570,055|553,558|
|Expenditure|||||||
|Expenditure
on raising funds: Costs of|||||||
|other trading
activities||8|61,393||61,393|124,151|
|Expenditure
on charitable|activities|9,10|604,201|5,897|610,098|753,515|
|Other expenditure||12||||246|
|Total expenditure|||665,594|5,897|671,491|877,912|
|Net gains/(losses)
on investments||13|74,256||74,256|(24,681)|
|Net income/(expenditure)|and net||||||
|movement
in funds|||(82,283)|55,103|(27,180)|(349,035)|
|Reconciliation
offunds|||||||
|Total funds brought
forward|||4,670,037|1,963|4,672,000|5,021,035|
|Total funds carried forward|||4,587,754|57,066|4,644,820|4,672,000|
##
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##
||Consolidated|Statement ofFinan
31 December 2020|cial Posit|ion||
|---|---|---|---|---|---|
|Group|||Note|2020
8|2019|
|Fixed assets||||||
|Intangible
assets
Tangible fixed assets|||18
19|21,000
3,496,656|21,000
3,641,205|
|Fixed asset investments|||20|1,320,250|1,270.653|
|||||4,837,906|4,932,658|
|Current assets||||||
|Stock||||84,123|93,903|
|Debtors|||21|44,203|39,251|
|Cash st bank and in|hand|||148,802|93,374|
|||||277,128|226,528|
|Creditors: amounts|fallmg due within|one year|22|71,305|95,140|
|Net current assets||||205,823|131,388|
|Total assets less current liabilities||||5,043,729|5,064,246|
|Creditors: amounts|falling due after|more than one year|23|398,909|392,246|
|Net assets||||4,644,820|4,672,000|
|Funds ofthe charity||||||
|Restricted funds||||57,066|1,963|
|Unrestricted
funds||||4,587,754|4,670,037|
|Total charity funds|||25|4,644,820|4,672,000|
##
##
##
||Statement of Financial Pos|ition|||
|---|---|---|---|---|
|Charity|||2020|2D19|
|||Note|||
|Fixed assets|||||
|Intangible assets||18|21,000|21,000|
|Tangible fixed assets||19|3,496,101|3,640,465|
|Fixed asset investments||20|1,320,250|1,270,653|
||||4,837,351|4,932,118|
|Cunsnt assets|||||
|Debtors||21|258,802|196,678|
|Cash at bank and in|hand||144,419|84,396|
||||403,221|281,074|
|Creditors: amounts|falling due within one year|22|68,365|90,821|
|Net current assets|||334,856|190,253|
|Total assets less current liabilities|||5,172,207|5,122,371|
|Creditors: amounts|falling due after more than one year|23|398,909|392,246|
|Net assets|||4,773,298|4,730,125|
|Funds ofthe charity|||||
|Restricted funds|||57,066|1,963|
|Unrestricted
funds|||4,716,232|4,728,162|
|Total charity funds||25|4,773,298|4,730,125|
##
##
##
||Year ende|d 31 December|2020||
|---|---|---|---|---|
||||2020|2019|
|Cash flows from operating|activities||||
|Net income/(expenditure)|||(27,180)|(349,035)|
|Adjustments
for:|||||
|Depreciation
oftangible
fixed assets|||215,000|211,377|
|Net gains/(losses)
on investments|||(49,596)|24,681|
|Dividends,
interest and rents|from investments||(31,932)|(45,169)|
|Other interest receivable and similar income|||(3,109)|(7,667)|
|Interest payable
and similar|charges||15,026|17,963|
|Loss on disposal oftangible|fixed assets|||246|
|Accrued expenses|||3,045|7,654|
|Changesim|||||
|Stock|||9,780|28,536|
|Trade and other debtors|||8,566|(53,611)|
|Trade and other creditors|||(29,399)|23,135|
|Cash generated
from operations|||110,201|(141,890)|
|Interest paid|||(15,026)|(17,963)|
|Interest received|||3,109|7,667|
|Net cash from/(used
in) operating
activities|||98,284|(152,186)|
|Cash flows from investing|activities||||
|Dividends,
interest and rents|from investments||31,932|45,169|
|Purchase oftangible assets|||(70,451)|(22,005)|
|Proceeds from sale oftangible assets||||58,509|
|Purchases
of other investments|||||
|Proceeds from sale ofother|investments|||112,489|
|Net cash from investing
activities|||(38,519)|194,162|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(4,337)|(19,870)|
|Net cash used
in financing
activities|||(4,337)|(19,870)|
|Net increase
in cash and cash equivalents|||55,428|22,106|
|Cash and cash equivalents|at beginning|ofyear|93,374|71,268|
|Cash and cash equivalents|at end ofyear||148,802|93,374|
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2020|
||||f|6|
|Donations|||||
|Donations||130,865||130,865|
|Collection Boxes||7,840||7,840|
|Legacies|||||
|Legacies||155,675|10,000|165,675|
|Grants|||||
|Government|grants|23,829|51,000|74,829|
|||318,209|61,000|379,209|
##
##
##
##
|4.|Donations|and legacies|(consnuecr&||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|
|||||Funds|Funds|2019|
||||||F||
||Donations||||||
||Donations|||46,614||46.614|
||Collection Boxes|||17,487||17,487|
||Legacies||||||
||Legacies|||61,775||61,775|
||Grants||||||
||Government|Grants|||||
|||||125,876||125,876|
##
||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|
||Funds
f|2020
f|Funds
f|2019
f|
|Functions|18,357|18,357|88,730|88,730|
|Friends ofthe Few Association|18,301|18,301|16,404|16,404|
|Raffle Tickets|||610|610|
|Shop income|94,390|94,390|203,839|203,839|
|The Scramble Experience|17,964|17,964|49,456|49,456|
|Car park|6,595|6,595|15,543|15,543|
||155,607|155,607|374,582|374,582|
|nvestment
income|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2020|Funds|2019|
|Income from listed investments|31,932|31,932|45,169|45,169|
|Bank interest receivable|3,109|3,109|7,667|7,667|
||35,041|35,041|52,836|52,836|
##
##
##
##
##
|Other income|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
5|2020|Funds
f|2019
E|
|Royalties and license fees|198|198|155|155|
|Other income|||109|109|
||198|198|264|264|
|Costs ofother trading activities|||||
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds
5|2020
5|Funds
f|2019
E|
|Shop costs - purchases|61,393|61,393|124,151|124,151|
||61,393|61,393|124,151|124,151|
##
##
|Expendit|ure
|on charitabl|e
activities
by f|und type||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total Funds|Unrestricted|Total Funds|
||||Funds|Funds|2020
f|Funds
5|2019
8|
|Heritage|and|Education|509,206|5,897|515,103|640,242|640,242|
|Support|costs||94,995||94,995|113,273|113,273|
||||604,201|5,897|610,098|753,515|753,515|
##
##
|Expendit|ure|on charitable
acti|vities
by activity type||||
|---|---|---|---|---|---|---|
||||Activities||||
||||undertaken|Support|Total funds|Total fund|
||||directly|costs|2020|2019|
||||||6|5|
|Heritage|and|Education|515,103|93,420|608,523|752,015|
|Governance||costs||1,575|1,575|1,500|
||||515,103|94,995|610,098|753,515|
##
|||Total 2020
f|Total 2019
6|
|---|---|---|---|
|General
office||52,313|47,003|
|Governance
costs||1,575|1,500|
|Other motor/travel|costs|4,190|10,995|
|Legal and professional||5,721|14,446|
|Bookkeeping
costs||11,346|14,359|
|Interest and other bank charges||19,850|24,970|
|||94,995|113,273|
##
##
|12.|Other e|xpenditu|re||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|||||||Funds||2020|Funds|2019|
|||||||5|||5|E|
||Loss on|disposal oftangible|||fixed||||||
||assets held for||charity's|own|use||||246|246|
|13.|Net gains/(losses)
on investments||||||||||
|||||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
|||||||Funds||2020|Funds|2019|
|||||||5|||F|E|
||Gains/(losses)||on listed|investments||74,256||74,256|(24,681)|(24,681)|
|14.|Net income/(expenditure)||||||||||
||Net income/(expenditure)|||is stated after charging/(crediting);|||||||
||||||||||2020|2019|
|||||||||||E|
||Depreciation
of||tangible|fixed assets|||||215,000|211,377|
||Loss on|disposal oftangible fixed assets||||||||246|
||Interest|payable|on bank|loans|||||11,201|13,424|
|15.|Auditors'|remuneration|||||||||
||||||||||2020|2019|
|||||||||||F|
||Fees payable for the audit ofthe financial|||||statements|||1,575|1,500|
##
|the auditor ofthe Charity
Staff costs|,
by The|Battle of Britain Memorial|Limited|, a subsidiary
of|the Charity.|
|---|---|---|---|---|---|
|The total staff costs and|employee|benefits for the reporting|period|are analysed
as|follows:|
|||||2020|2019|
||||||6|
|Wages and salaries||||153,927|148,351|
|Social security costs||||6,782|8,669|
|Employer contributions|to pension|plans||2,237|1,975|
|||||162,946|158,995|
##
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##
##
##
##
|Year ended 31 December 202
Intangible
assets
SdCh|0|
|---|---|
|~|Trademarks|
|Cost||
|At 1January
2020 and 31 December 2020|21,000|
|Amortisation||
|At 1January
2020 and 31 December 2020||
|Carrying
amount||
|At 31December 2020|21,000|
|At 31 December 2019|21,000|
##
|Tangible fixed ass|ets||||||
|---|---|---|---|---|---|---|
|||||Security,|||
||||Furniture,|site and|||
||Land and|Hurricane|fittings and|office|Memorial||
|~Grou|buildings|and Spitfire
f|equipment
F|equipment
6|wall
F|Total|
|Cost|||||||
|At 1 Jan 2020|4,413,407|49,772|31,872|116,752|146,111|4,757,914|
|Additions|57,033||8,339|5,079|—|70,451|
|At 31 Dec 2020|4,470,440|49,772|40,211|121,831|146,111|4,828,365|
|Depreciation|||||||
|At 1 Jan 2020|946,082|41,252|12,558|89,392|27,425|1,116,709|
|Charge for the|||||||
|year|200,840|2,489|2,623|7,475|1,573|215,000|
|At 31 Dec 2020|1,146,922|43,741|15,181|96,867|28,998|1,331,709|
|Carrying
amount|||||||
|At 31 Dec 2020|3,323,518|6,031|25,030|24,964|117,113|3,496,656|
|At 31 Dec 2019|3,467,325|8,520|19,314|27,360|118,686|3,641,205|
|||||Security,|||
||||Furniture,|site and|||
||Land and|Hurricane|fittings and|office|Memorial||
|~charit|buildings
6|and Spitfire|equipment
f|equipment|wall|Total
f|
|Cost|||||||
|At 1 Jan 2020|4,413,407|49,772|31,007|116,302|146,111|4,756,599|
|Additions|57,033||8,339|5,079||70,451|
|At 31 Dec 2020|4,470,440|49,772|39,346|121,381|146,111|4,827,050|
|Depreciation|||||||
|At 1 Jan 2020|946,082|41,252|12,152|89,223|27,425|1,116,134|
|Charge for the|||||||
|year|200,840|2,489|2,508|7,405|1,573|214,815|
|At 31 Dec 2020|1,146,922|43,741|14,660|96,628|28,998|1,330,949|
|Carrying
amount|||||||
|At 31 Dec 2020|3,323,518|6,031|24,686|24,753|117,113|3,496,101|
|At 31 Dec2019|3,467,325|8,520|18,855|27,079|118,686|3,640,465|
##
##
##
##
|Year ended 31 December 202
Fixed asset investments|0|
|---|---|
||Listed|
|~GdCh r|investmentsf|
|Cost or valuation||
|At 1 January 2020|1,270,653|
|Additions|176,553|
|Dispos ala|(163,133)|
|Fair value movements|36,177|
|At 31December 2020|1,320,250|
|Impairment||
|At 1January
2020 and 31 December 2020||
|Carrying
amount||
|At 31December 2020|1,320,250|
|At 31 December 2019|1,270,653|
|e following
investments
amo|unted|to more than|5%ofthe tot|al asset in|vestments
of|the CIO.|
|---|---|---|---|---|---|---|
||||2020
f|2020|2019
f|2019|
|Hunting
Ord 25p|||54,537|4.1%|102,312|8.1%|
|Goldman Sachs AM Stirling|Liquid|Reserves|92 017|7 0%|132017|104%|
|BlackRock Armed Forces Charities||Growth|591 262|44.8%|564 116|44 4%|
|8 Income Fund|||||||
##
##
|Debtors||||
|---|---|---|---|
|~Grou||2020
f|2019
F|
|Trade debtors||175|534|
|Prepayments|and accrued income|20,715|9,616|
|Other debtors||23,313|29,101|
|||44,203|39,251|
##
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##
##
##
|21.|Debtors (cont.i||||
|---|---|---|---|---|
||||2020|2019|
||~charit||6||
||Trade debtors||45,590|14,053|
||Amounts
owed by group undertakings||172,448|144,837|
||Prepayments
and accrued income||20,715|9,616|
||Other debtors||20,049|28,172|
||||258,802|196,678|
|22.|Creditors: amounts|falling due within one year|||
||~Grou||2020|2019|
||||6||
||Bank loans and overdrafts||23,000|34,000|
||Trade creditors||20,159|24,987|
||Accruals and deferred|income|23,046|20,001|
||Social security and other taxes||3,540|3,598|
||Other creditors||1,560|12,554|
||||71,305|95,140|
||~Chari||2020|2019|
||||r|6|
||Bank loans and overdrafts||23,000|34,000|
||Trade creditors||18,749|22,868|
||Accruals and deferred|income|21,516|17,801|
||Social security and other taxes||3,540|14,913|
||Other creditors||1,560|1,239|
||||68,365|90,821|
|23.|Creditors: amounts
falling due after more than one year||||
||~Gd Ch r||2020
f|2019|
||Bank loans and overdrafts||398,909|392,246|
##
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##
||||||||At 31|
|---|---|---|---|---|---|---|---|
||||At 1 January|||Gains and|December|
|~Grou|||2020
f|Income
8|Expenditure
F|losses
6|2020
E|
|General funds|||1,562,366|509,055|(460,692)|74,256|1,684,985|
|Visitor's Centre||Fund|2,903,365||(200,840)||2,702,525|
|Friends of|The Few|||||||
|Association|||107,748||||107,748|
|Hurricane|Fund||38,559||(2,489)||36,070|
|Memorial
Wall Fund|||57,999||(1,573)||56,426|
|Total unrestricted||funds|4,670,037|509,055|(665,594)|74,256|4,587,754|
||||||||At 31|
||||At 1 January|||Gains and|December|
||||2020|Income|Expenditure|losses|2020|
|~charit|||F|F|6|F|F|
|General funds|||1,620,491|489,572|(370,856)|74,256|1,813,463|
|Visitor's Centre||Fund|2,903,365||(200,840)||2,702,525|
|Friends of|The Few|||||||
|Association|||107,748||||107,748|
|Hurricane|Fund||38,559||(2,489)||36,070|
|Memorial
Wall Fund|||57,999||(1,573)||56,426|
|Total unrestricted||funds|4,728,162|489,572|(575,758)|74,256|4,716,232|
|Restricted|funds|||||||
||||||||At 31|
|~Qd|Cl|di|At 1 January
2020
5|Income
f|Expenditure
f|Gains and
losses|December
2020|
|Biggin
Hill
The Wing
The Wing|Roof
Lights||1,963|51,000
10,000|(5,666)
(231)||1,963
45,334
9,769|
|Total general funds|||1,963|61,000|(5,897)||57,066|
##
##
##
##
|Analysis|of net a|sse|ts between fun|ds||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||Unrestricted|Restricted|Funds|Funds|
|||||Funds|Funds|2020|2019|
|~Grou||||6|E|E|E|
|Intangible|assets|||21,000||21,000|21,000|
|Tangible|fixed assets|||3,451,722|44,934|3,496,656|3,641,205|
|Investments||||1,320,250||1,320,250|1,270,653|
|Current assets||||264,996|12,132|277,128|226,528|
|Creditors|less than|1|year|(71,305)||(71,305)|(95,140)|
|Creditors|greater than||1 year|(398,909)||(398,909)|(392,246)|
|Net assets||||4,587,754|57,066|4,644,820|4,672,000|
|||||||Total|Total|
|||||Unrestricted|Restricted|Funds|Funds|
|||||Funds|Funds|2020|2019|
|~Chari||||E|||E|
|Intangible|assets|||21,000||21,000|21,000|
|Tangible|fixed assets|||3,451,167|44,934|3,496,101|3,640,465|
|Investments||||1,320,250||1,320,250|1,270,653|
|Current assets||||391,088|12,132|403,220|281,074|
|Creditors|less than|1|year|(68,365)||(68,365)|(90,821)|
|Creditors|greater than||1 year|(398,909)||(398,909)|(392,246)|
|Net assets||||4,716,231|57,066|4,773,297|4,730,125|
##