OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Page
Trustees'
annual
report
Independent
auditor's
report to the		 members
Consolidated
statement		 offinancial activities 14
Consolidated
statement		 offinancial position 15
Statement offinancial position
Consolidated
statement		 ofcash flows 17
Notes to the financial statements 18

Reference and administrative and administrative 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 QAA
Patron HRH Prince Michael of Kent 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) (resigned 10
February 2022)
Mr Robin Green
Mr Nick Lawn BSc(Hons) MRICS
Air Vice-Marshal
the Ven Ray		 Pentland CB
Hon Treasurer Mrs SJ Pilcher BA Hons) (appointed 15 April 2021)
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 Paul Tory
Life Vice President Mrs Geraldine
Allinson OBE DL
Life Vice President Mr Roland Parry BA(Hons) FCA
Key Management
Personnel
Events Organiser Mrs J Tootal BEM
Site Manager Major (Ret'd) JGomez
Assistant Site Manager Mrs A Gomez
PR Consultants Go4 Marketing
and PR Ltd
Assistant to Hon Secretary Mrs K Hume
Marketing Consultants Realia Marketing
(to 31 July		 2021)
Digital Creative
by BCC (from		 1 September 2021)
Advisers
Auditor Burgess Hodgson
LLP
Chartered
accountants
8 statutory		 auditor
Camburgh
House
27 New Dover Road
Canterbury
Kent
CT1 3DN

2021 2020
Unrestricted Restricted
Note funds
K		 funds
f		 Total funds
K		 Total funds
Income and endowments
Donations
and legacies
Other trading
activities		 4
5		 218,715
196,985		 17,720 236,435
196,985		 379,209
155,607
Investment
income		 6 31,448 31,448 35,041
Other income 7 1,036 1,036 198
Total income 448,184 17,720 465,904 570,055
Expenditure
Expenditure
on raising funds: Costs of
other trading
activities
Expenditure
on charitable
activities		 8
9,10		 66,895
625,220		 10,755 66,895
635,975		 61,393
610,098
Total expenditure 692,115 10,755 702,870 671,491
Net gains/(losses)
on investments		 12 196,762 196,762 74,256
Net income/(expenditure) and net
movement
in funds		 (47,169) 6,965 (40,204) (27,180)
Reconciliation
offunds
Total funds brought
foivvard		 4,587,754 57,066 4,644,820 4,672,000
Total funds carried forward 4,540,585 64,031 4,604,616 4,644,820

Consolidated
Statement ofFinanc
31 December 2021		 ial Posit ion
Group 2021 2020
Note 2
Fixed assets
Intangible assets 17 21,000 21,000
Tangible fixed assets 18 3,306,464 3,496,658
Fixed asset investments 19 1,492,127 1,320,250
4,819,591 4,837,906
Current assets
Stock 83,211 84,123
Debtors 20 35,691 44,203
Cash at bank and in hand 112,433 148,802
231,335 277,128
Creditors: amounts falling due within one year 21 65,349 71,305
Net current assets 165,986 205,823
Total assets less current liabilities 4,985,577 5,043,729
Creditors: amounts falling due after more than one year 22 380,961 398,909
Net assets 4,804,616 4,644,820
Funds ofthe charity
Restricted funds 64,031 57,066
Unrestricted
funds		 4,540,585 4,587,754
Total charity funds 24 4,604,616 4,844,820

Statement ofFinancial Pos
31December 2021		 ition
Charity 2021 2020
Note E
Fixed assets
Intangible assets 18 21,000 21,000
Tangible fixed assets 19 3,306,048 3,496,101
Fixed asset investments 20 1,492,127 1,320,250
4,819,175 4,837,351
Current assets
Debtors 21 299,139 258,802
Cash at bank and in hand 65,452 144,419
364,591 403,221
Creditors: amounts falling due within one year 22 63,274 68,365
Net current assets 301,317 334,856
Total assets less current liabilities 5,120,492 5,172,207
Creditors: amounts falling due after more than one year 23 380,961 398,909
Net assets 4,739,531 4,773,298
Funds ofthe charity
Restricted funds 64,031 57,066
Unrestricted
funds		 4,675,500 4,716,232
Total charity funds 25 4,739,531 4,773,298

Year ende d 31December 2021
2021 2020
f
Cash flows from operating activities
Net income/(expenditure) (40,205) (27,180)
Adjustments
for.
Depreciation
oftangible fixed assets		 221,415 215,000
Net gains on investments (171,877) (49,596)
Dividends,
interest and rents		 from investments (30,512) (31,932)
Other interest receivable and similar income (936) (3,109)
Interest payable and similar charges 13,005 15,026
Accrued expenses (2,753) 3,045
Changesin:
Stock		 912 9,780
Trade and other debtors 7,103 8,566
Trade and other creditors (1,793) (29,399)
Cash generated
from operations		 (5,641) 110,201
Interest paid (13,005) (15,026)
Interest received 936 3,109
Net cash from/(used
in) operating
activities		 (17,710) 98,284
Cash flows from investing
Dividends,
interest and rents		 activities
from investments		 30,512 31,932
Purchase oftangible assets (31,223) (70,451)
Net cash from investing
activities		 (711) (38,519)
Cash flows from financing activities
Proceeds from borrowings (17,948) (4,337)
Net cash used
in financing		 activities (17,948) (4,337)
Net increase
in cash and		 cash equivalents (36,369) 55,428
Cash and cash equivalents at beginning ofyear 148,802 93,374
Cash and cash equivalents at end ofyear 112,433 148,802

over the u seful economic life ofthat ass et as follows:
Freehold property 2% straight
line
Hurricane and Spiffire 5% straight
line
Furniture, fittings and equipment 25% reducing
balance
Security, site and office equipment 25% reducing
balance
Memorial wall 2% straight
line

maturity
of
account.		 three months
or less from th		 e date of acquisition
or openin		 g
ofthe dep		 osit or similar
4. Donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2021
F s
Donations
Donations 93,377 17,720 111,097
Collection Boxes 10,081 10,081
Legacies
Legacies
Grants
Government grants 115,257 115,257
218,715 17,720 236,435

Donations
a		 nd legacies (cononuatJ
Unrestricted Restricted Total Funds
Funds Funds 2020
8
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

Unrestricted Total Funds Unrestricted Total Funds
Funds
E		 2021
a		 Funds
f		 2020
E
Functions 955 955 18,357 18,357
Friends ofthe Few Association 16,142 16,142 18,301 18,301
Shop income
The Scramble Experience
Car park		 139,733
29,909
10,246		 139,733
29,909
10,246		 94,390
17,964
6,595		 94,390
17,964
6,595
196,985 196,985 155,607 155,607

nvestment
income
Unrestricted Total Funds Unrestricted Total Funds
Funds
F		 2021 Funds 2020
f
Income from listed investments 30,512 30,512 31,932 31,932
Bank interest receivable 936 936 3,109 3,109
31,448 31,448 35,041 35,041

Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
f		 2021 Funds
K		 2020
F
Royalties and license fees
Other income		 436
600		 436
600		 198 198
1,036 1,036 198 198

Costs ofot her trading activitie s
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
K
Shop costs - purchases 66,895 66,895 61,393 61,393
66,895 66,895 61,393 61,393

Expendit ure
 on charitabl e
activities by f		 und type
Unrestricted Restricted Total Funds Unrestricted Total Funds
Funds Funds 2021 Funds 2020
6 K 6 E 6
Heritage
Support		 and
costs		 Education 519,355
105,865		 10,755 530,110
105,865		 509,206
94,995		 515,103
94,995
625,220 10,755 635,975 604,201 610,098

Expenditure on charitable
activ		 ities by activity type
Activities
undertaken Support Total funds Total fund
directly
6		 costs
f		 2021
E		 2020
Heritage and
Governance		 Education
costs		 530,110 104,270
1,595		 634,380
1,595		 608,523
1,575
530,110 105,865 635,975 610,098

Total 2021 Total 2020
E 6
General office 62,947 52,313
Governance
costs		 1,595 1,575
Other motor/travel costs 5,413 4,190
Legal and professional
Bookkeeping costs
Interest and other bank charges		 6,424
10,263
19,223		 5,721
11,346
19,850
105,865 94,995

12. Net gains/(losses)
on i		 nvestments
Unrestricted Total Funds Unrestricted Total Funds
Funds 2021 Funds 2020
K
Gains on listed investments 196,762 196,762 74,256 74,256
13. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2021 2020
8
Depreciation
oftangible
Interest payable on bank		 fixed assets
loans		 221,415
10,083		 215,000
11,201
14. Auditors'
remuneration
2021 2020
f
Fees payable for the audit ofthe financial statements 1,595 1,575

Staffcosts
the auditor ofthe Charity		 ,
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:
2021 2020
K 5
Wages and salaries
Social security costs
Employer
contributions		 to pension plans 125,146
5,115
1,003		 153,927
6,782
2,237
131,264 162,946

Intangible assets
 NOteS tO t
Year		 he FinanCia
ended 31		 l Statemen
December		 te
(condnuedf
2021
G~dCh Trademarks
E
Cost
At 1 January 2021 and 31December 2021 21,000
Amortisation
At 1 January 2021 and 31 December 2021
Carrying
amount
At 31December 2021 21,000
At 31 December 2020 21,000
Tangible fixed assets
Security,
Furniture, site and
Land and Hurricane fittings and office Memorial
buildings and Spiffire equipment equipment wall Total
~Grou E E E
Cost
At 1 Jan 2021 4,470,440 49,772 40,211 121,831 146,111 4,828,365
Additions 30,644 579 31,223
At 31Dec 2021 4,470,440 49,772 70,855 122,410 146,111 4,859,588
Depreciation
At 1 Jan 2021 1,146,922 43,741 15,181 96,867 28,998 1,331,709
Charge for the
year 200,999 2,488 9,983 6,373 1,572 221,415
At 31Dec 2021 1,347,921 46,229 25,164 103,240 30,570 1,553,124
Carrying
amount
At 31Dec 2021 3,122,519 3,543 45,691 19,170 115,541 3,306,464
At 31 Dec 2020 3,323,518 6,031 25,030 24,964 117,113 3,496,656
Security,
Furniture, site and
Land and Hurricane fittings and office Memorial
buildings and Spitfire equipment equipment wall Total
~Charit E E E E E E
Cost
At 1 Jan 2021 4,470,440 49,772 39,346 121,381 146,111 4,827,050
Additions 30,644 579 31,223
At 31Dec2021 4,470,440 49,772 69,990 121,960 146,111 4,858,273
Depreciation
At 1 Jan 2021 1,146,922 43,741 14,660 96,628 28,998 1,330,949
Charge for the
year 200,999 2,488 9,897 6,320 1,572 221,276
At 31 Dec 2021 1,347,921 46,229 24,557 102,948 30,570 1,552,225
Carrying
amount
At 31Dec 2021 3,122,519 3,543 45,433 19,012 115,541 3,306,048
At 31 Dec 2020 3,323,518 6,031 24,686 24,753 117,113 3,496,101

Year ended 31December 202
Fixed asset investments		 1
Listed
investments
erou
andch		 8
Cost or valuation
At 1 January 2021 1,320,250
Additions 65,893
Disposals (83,856)
Fair value movements 189,840
At 31 December 2021 1,492,127
Impairment
At 1 January 2021 and 31 December 2021
Carrying
amount
At 31 December 2021 1,492,127
At 31 December 2020 1,320,250

e following
investments
amo		 unted to more than 5%ofthe tot al asset in vestments
of		 the CIO,
2021 2021 2020 2020
8 0/
Goldman Sachs AM Stirling Liquid Reserves 110,732 7.4% 92,017 7.0%
BlackRock Armed Forces Charities Growth 648,139 43.4% 591,262 44.8%
&Income Fund

Debtors
2021 2020
~Grou 8
Trade debtors 106 175
Prepayments
Other debtors		 and accrued income 14,554
21,031		 20,715
23,313
35,691 44,203

20. Debtors (cont.)
2021 2020
Charitht
Trade debtors 42,066 45,590
Amounts
owed by group undertakings		 222,050 172,448
Prepayments
and accrued income		 14,554 20,715
Other debtors 20,469 20,049
299,139 258,802
21. Creditors: amounts falling due within one year
~Grou 2021 2020
a
Bank loans and overdrafts 23,000 23,000
Trade creditors 16,826 20,159
Accruals and deferred income 20,293 23,046
Social security and other taxes 4,106 3,540
Other creditors 1,124 1,560
65,349 71,305
~Charit 2021 2020
6 6
Bank loans and overdrafts 23,000 23,000
Trade creditors 16,826 18,749
Accruals and deferred income 18,218 21,516
Social security and other taxes 4,106 3,540
Other creditors 1,124 1,560
63,274 68,365
22. Creditors: amounts falling due after more than one year
~Gr
duad'		 2021 2020
a r
Bank loans and overdrafts 380,961 398,909

Unrestricted
fun		 ds
At 31
At 1 January Gains and December
~Grou 2021
r		 Income
E		 Expenditure losses 2021
f
General funds 1,684,985 448,184 (487,056) 196,762 1,842,875
Visitor's Centre Fund 2,702,525 (200,999) 2,501,526
Friends ofThe Few
Association 107,748 107,748
Hurricane
Fund		 36,070 (2,488) 33,582
Memorial
Wall Fund		 56,426 (1,572) 54,854
Total unrestricted funds 4,587,754 448,184 (692,115) 196,762 4,540,585
At 31
At 1 January Gains and December
~Charit 2021
E		 Income
f		 Expenditure
K		 losses
F		 2021
General funds 1,813,463 366,717 (399,151) 196,762 1,977,791
Visitor's Centre Fund 2,702,525 (200,999) 2,501,526
Friends of The Few
Association 107,748 107,748
Hurricane
Fund		 36,070 (2,488) 33,582
Memorial
Wall Fund		 56,426 (1,572) 54,854
Total unrestricted funds 4,716,232 366,717 (604,210) 196,762 4,675,500
Restricted funds
At 31
~Qd Ch 't At 1 January
2021
E		 Income Expendituref Gains and
losses
K		 December
2021
K
Biggin
Hill		 1,963 1,963
The Wing Roof 45,334 (5,666) 39,668
The Wing Lights 9,769 17,720 (5,089) 22,400
Total general funds 57,066 17,720 (10,755) — 64,031

Analysis ofnet a sse ts between fun ds
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
~Grou E f E
Intangible assets 21,000 21,000 21,000
Tangible fixed assets 3,252,903 53,561 3,306,464 3,496,656
Investments 1,492,127 1,492,127 1,320,250
Current assets 220,865 10,470 231,335 277,128
Creditors less than 1 year (65,349) (65,349) (71,305)
Creditors greater than 1 year (380,961) (380,961) (398,909)
Net assets 4,540,585 64,031 4,604,616 4,644,820
Total Total
Unrestricted Restricted Funds Funds
Funds Funds 2021 2020
~charit E E E E
Intangible assets 21,000 21,000 21,000
Tangible fixed assets 3,252,487 53,561 3,306,048 3,496,101
Investments 1,492,127 1,492,127 1,320,250
Current assets 354,121 10,470 364,591 403,220
Creditors less than 1 year (63,274) (63,274) (68,365)
Creditors greater than 1 year (380,961) (380,961) (398,909)
Net assets 4,675,500 64,031 4,739,531 4,773,297