##
##
||||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||||||||
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|||||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|
##
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||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|
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|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|
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||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|
##
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##
##
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##
|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|
##
##