2022-12-31-accounts - The Battle Of Britain Memorial Trust CIO

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			Page
Reference and Administrative Details		1	to	2
Report ofthe	Trustees	3	to	10
Report ofthe	Independent Auditors	11	to	14
Consolidated	Statement ofFinancial Activities
Consolidated	Balance Sheet		16
Balance Sheet			17
Notes to the Consolidated Financial Statements		18	to	30

ACCOUNTANTS	Magee Gammon	Magee Gammon
	Henwood House
	Henwood
	Ashford
	Kent
	TN24 8DH
	National Westminster			Bank PLC
	20 High Street
	Ashford
	Kent
	TN24 8SH
INVESTMENT MANAGERS	Investec
	30 Gresham	Street
	London
	EC2V 7QN
	BlackRock
	12Thmgmorton		Avenue
	London
	EC2N 2DL
SOLICITORS	Furley Page	LLP
	39StMargaret's		Street
	Canterbury
	Kent
	CTI 2TX

	FOR T	HE YEAR E	NDED 31DECEM	BER2022
					31.12.22	31.12.21
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
						as restated
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		3	85,022		85,022	236,435
Othertrading activities Investment income Other income		4 5 6	315,733 41,871 1035		315,733 41,871 1035	196,985 31,448 1036
Total			443 661		443 661	~465 904
EXPENDITURE ON
Raising funds
Other trading activities		7	109,755		109,755	66,895
Charitable activities
Heritage and Education		8	626,636		626,636	530,110
Other			96706		96706	105865
Total			833097		833097	~702 870
Net gains/(losses) on investments			38382		~38382	132221
NET INCOME/(EXPENDITURE)			(427,818)		(427,818)	(104245)
RECONCILIATION	OFFUNDS
Total funds brought forward Transfer offunds			4,476,544 64,031	64,031 (64,031)	4,540,575	4,644,820
TOTAL FUNDS CARRIED FORWARD			~4112757	-	~4112757	~4540 575

								31.12.22	31.12.21	31.12.21
						Unrestricted	Restricted	Total		Total
						funds	funds	funds		funds
									as restated
				Notes
FIXEDASSETS
Intangible assets					14	21,000		21,000		21,000
Tangtl&le assets					15	3,095,722		3,095,722	3,306,494
Investments					16	~1238 111		1 238 111	~1428056
						4,354,833		4,354,833	4,755,550
CURRENT ASSETS
Stock					17	84,652		84,652		83,211
Debtors					18	22,246		22,246		35,691
Cash at bank						72409		72409		112433
						179,307		179,307		231,335
CREDITORS
Amounts falling due within	one year				19	(65,683)		(65,683)		(65,349)
NET CURRENT ASSETS						113624		113624		165986
TOTAL ASSETSLESSCURRENT LIABILITIES						4,468,457		4,468,457	4,921,536
CREDITORS
Amounts falling due after more than one year					20	(355,700)		(355,700)	(380,961)
NET ASSETS						4 112757	-	4 112757	4	540 575
FUNDS					22
Unrestricted funds								4,112,757	4,476,544
Restricted funds										64 031
TOTAL FUNDS Tr r ioc signed on its behalf by:	wp	d myth	B	4	fT	d h '	~4112757 dri,2(/l(prrk3		~4540 575 ... df

									31.12.22	31.12.21
						Unrestricted		Restricted	Total	Total
						funds		funds	funds	funds
										as restated
				Notes
FIXEDASSETS
Intangible assets					14	21,000			21,000	21,000
Tangible assets					15	3,094,982			3,094,982	3,306,048
Investments					16	~1238 112			~1238112	~1428056
						4,354,094			4,354,094	4,755,104
CURRENT ASSETS
Debtors Cash at bank					18	261,840 ~63075			261,840 ~63075	299,139 ~65 452
						324,915			324,915	364,591
CREDITORS
Amounts falling due within	one year				19	(63,925)			(63,925)	(63,274)
NET CURRENT ASSETS						260 990			~260 990	~301317
TOTAL ASSETSLESSCURRENT LIABILITIES						4,615,084			4,615,084	5,056,421
CREDITORS
Amounts falling due alter more than one year					20	(355,700)			(355,700)	(380,961)
NET ASSETS						~4259 384		-	4259 384	~4675 460
FUNDS					22
Unrestricted funds Restricted funds									4,259,384	4,611,429 ~64 031
TOTAL FUNDS									~459384	~4675 460
Th B hd signed on its behalf by:	Bp	dhyd	B	d	TT	d h	Ay	h	gryd(&23	d

DONATIONS AND LEGACIES
	31.12.22	31.12.21
		as restated
Donations	32,593	111,097
Collection boxes	15,443	10,081
Bequests and legacies	28,501
Grants	6,000	115257
Sponsorship	~2485
	~85 022	~236 435

4.	OTHER	TRADING ACTIVITIES
				31.12.22		31.12.21
						as restated
	Shop income			203,402		139,733
	The Scramble Experience			33,923		29,909
	Friends ofthe Few Association			14,598		16,142
	Car park			14,997		10,246
	Functions			~48	813	955
				315	733	196985
5.	INVESTMENT INCOME
				31.12.22		31.12.21
						as restated
	Income trom listed investments			41,866		30,512
	Deposit account interest				5	936
				~41	871	~31 448
6.	OTHER	INCOME
				31.12.22		31.12.21
						as restated
						f.
	Royalties	and licence fees			202	436
	Other income				833	600
				~1035		~1036
7.	RAISING FUNDS
				31.12.22		31.12.21
						as restated
	Other trading activities:
	Shop purchases			1~09	755	~66 895
8.	CHARITABLE ACTIVITIES COSTS
				Support
			Direct	cosm	(see
			Costs	note	8)	Totals
				f,
	Heritage	and Education	626 636	~96	706	~723 342

SUPPORT	COSTS
				Governance
			Other	costs	Totals
Resources expended			~77 822	18884	~96 706
Support costs, included		in the above, are as follows:
Other
				31.12.22	31.12.21
					as restated
				Other
				resources	Total
				expended	activities
General costs				48,686	62,965
Motor and travel				9,104	5,395
Legal and professional				945	3,038
Bank interest	aud charges			~19087	~19 223
				77 822	90621
Governance	costs
				31.12.22	31.12.21
					as restated
				Other
				resources	Total
				expended	activities
Auditors' remuneration				3,799	2,595
Bookkeeping	costs			~15085	~12649
				~18 884	~15 244

Remuneration	wss paid as follows:
		2022	2021
Wages		176,048	125,146
Social security Pension costs	cosm	8,967 ~3540	5,115 1 003
		188555	131264

The pension cost in the year amounted tof3,540 (2021 —$1,003).	The pension cost in the year amounted tof3,540 (2021 —$1,003).	The pension cost in the year amounted tof3,540 (2021 —$1,003).
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACI'IVITIES
		Unrestricted	Restricted	Total
		funds	funds	funds
				as restated
INCOME AND ENDOWMENTS FROM
Donations and legacies		218,715	17,720	236,435
Other trading activities		196,985		196,985
Investment income Other income		31,448 ~1036		31,448 ~1036
Total		448 184	~17720	465 904
EXPENDITURE ON
Raising funds
Other trading activities		66,895		66,895
Charitable activities
Heritage and Education		519,355	10,755	530,110
Other		105 865		~105 865
Total		~692 115	~10755	~702 870
Net gains on investments		132721		132721
NET INCOME/(EXPENDITURE)		(I11,210)	6,965	(104245)
RECONCILIATION	OF FUNDS
Total funds brought forward		4,587,754	57,066	4,644,820
TOTAL FUNDS CARRIED FORWARD		~4476 544	~64 031	~4540 575

INTANGIBLE FIXEDASSETS
	Trademarks
	f,
COST
At 1 January 2022 aud 31December 2022	21 000
NET BOOKVALUE
At 31December 2022	21 000
At 31December 2021	21 000

TANGIBLE FIXEDASSE	TS
			Hurricane	Fixtures,
	Land and	Memorial	and	fittings
GROUP	buildings	wall	Spitfire	6? equipment	Totals
			8
COST
At 1 January 2022 Additions	4,470,440	146,111	49,772	193,265 ~12021	4,859,588 ~12 021
At 31December 2022	4470 440	146 111	49 772	~205 86	~4871 609
DEPRECIATION
At I January 2022 Charge for year	1,347,921 ~201 086	30,570 ~1572	46,229 2266	128,404 ~17839	1,553,124 ~222 763
At 31December 2022	~1549007	~32 142	48 495	146243	I 775 887
NET BOOKVALUE
At 31December 2022	2 921433	113969	~1277	59043	3095 722
At 31December 2021	~3122519	~115541	~3543	~64 861	~3306 464

15.	TANGIBLE FIXEDASSETS
				Hurricane	Fixtures,
		Land and	Memorial	and	Mings
		buildings	wall	Spitfire	&equipment	Totals
		8			8
	COST
	At I January 2022 Additions	4,470,440	146,111	49,772	191,950 ~ll 481	4,858,273 11481
	At 31December 2022	~4470 440	~146 111	~49 772	203 431	~4869754
	DEPRECIATION
	At 1 January 2022 Charge for year	1,347,921 ~201 086	30,570 ~1572	46,229 2 266	127,505 ~17623	1,552425 222 547
	At 31December 2022	~1549007	~32 142	~48 495	145 128	~1774772
	NET BOOKVALUE At 31December 2022	~2921 433	~113969	~1277	58 303	~3094 982
	At 31December 2021	3 122519	~115541	3 543	64445	~3306048
16.	FIXEDASSETINVESTMENTS
	GROUP AND~			Shares in group undertakings	Listed investments	Totals
						f,
	MARKET VALUE
	At 1 January 2022				1,428,055	1,428,056
	Additions				383,677	383,677
	Disposals Revaluations				(410,814) ~16266	(410,814) ~162807)
	At 31December 2022				I 238 111	~1238 112
	NET BOOK VALUE
	At 31December 2022			1	~138 111	~1238 112
	At 31December 2021			I	~1428055	I 428 056

		NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31DECEMBER2022
17.	STOCK
			31.12.22		31.12.21
	GROUP				as restated
					g
	Stocks		84	652	~83 211
18.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			31.12.22		31.12.21
					as restated
	GROUP
	Trade debtors		1,432		106
	Other debtors and prepayments		~20	814	~35 585
			22	46	~35 691
	CHARITY
	Trade debtors		6,679		42,066
	Other debtors and prepayments		20,814		35,023
	Amounts due trom group
	undertakings		~234	347	222 050
			261	840	~299 139
19.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			31.12.22		31.12.21
					as restated
	GROUP
	Bank loans and overdratts	(see note 19)	23,960		23,000
	Trade creditors		17,441		16,826
	Social security and other taxes		3,670		4,106
	Other creditors and accruals		~20	612	21417
			65	683	~63 349
	CHARITY
	Bank loans and overdrafts	(see note 19)	23,960		23,000
	Trade creditors		17,884		16,826
	Social security and other taxes		3,471		4,106
	Other creditors and accruals		~18	610	19342
			~63	925	~63 274
20.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
			31.12.22		31.12.21
	GROUP AND CHARITY				as restated
			8
	Bank loans (seenote 19)		~355	700	380961

LOANS
An analysis ofthe	maturity of	loans is given below:		31.12.22	31.12.21
					as restated
Bank loans falling	due within one year on demand			23 960	~23 000
Bank loans falling	due between	one and two years		~26 000	~27 600
Bank loans falling	due betwe two and five years			~88 000	~85 400
Bank loans falling	due in more	than five years: Repayable	by instalments	241,700	267,961

The initial bank loan of $500,000 was for 19	The initial bank loan of $500,000 was for 19	years	and is repayable	and is repayable	by monthly	instalments.	There	was a 5-year
commitment period, interest for the 5-year period		is at	base rate +2.33%.Jhe lender			maintains a fixed charge over The
Wing, Battle ofBritain Memorial,	New Dover Road, Capel-le-Feme,			Folkestone, Kent,		CT18 7JJ as	security for the loan
balance.
MOVEMENT IN FUNDS
					Net
					movement	Transfer		At
			At 1.1.22		in funds	offunds		31.12.22
GROUP
Unrestricted funds
General fund			1,778,834		(226,506)	2,560,429	4,112,757
Visitor Centre Fund			2,501,526		(197,474)	(2,304,052)
Friends ofThe Few Association			107,748			(107,748)
Hurricane Fund Memorial Wall Fund		33,582 ~54 854		(2,266) ~3572		(31,316) ~53282
			4,476,544		(427,818)	64,031	4,112,757
CHARITY
Unrestricted funds
General fund			1,913,719		(214,764)	2,560,429	4,259,384
Visitor Centre Fund			2,501,526		(197,474)	(2,304,052)
Friends ofThe Few Association			107,748			(107,748)
Hurricane Fund Memorial Wall Fund			33,582 54 854	(2,266) ~7572		(31,316) ~53 82
			4 611429	~416076		64031	4259384
GROUP AND CHARITY
Restricted funds
Biggin Kll			1,963			(1,963)
The Wing Roof The Wing Lights		39,668 ~22 400				(39,668) ~22 400

Net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
GROUP			resources	expended f,	losses	in funds f
Unrestricted	funds
General fund			443,661	(833,097)	(38,382)	(427,818)
Visitor Centre	Fund
Hurricane Fund
Memorial Wall		Fund
			~443 661	833097	38382	(4427 818
TOTAL FUNDS			~443 661	833097	~38 382)	~427 818)
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
CHARITY
Unrestricted	funds
General fund			319,196	(696,890)	(38,382)	(416,076)
Visitor Centre	Fund
Hurricane Fund
Memorial Wall		Fund
			~319196	~696 890	38382	41607
TOTAL FUNDS			~319196	~696 890)	38382	~416076)

Cornparatives for movement in funds
		Net
		movement	At
	At 1.1.21	in funds	31.12.21
GROUP	8
Unrestricted funds
General fund	1,684,985	93,849	1,778,834
Visitor Centre Fund	2,702,525	(200,999)	2,501,526
Friends ofThe Few Association	107,748		107,748
Hurricane Fund Memorial Wall Fund	36,070 ~56 426	(2,488) ~1772	33,582 ~54 854
	~4587 754	111210	~4476 544
CHARITY
Unrestricted funds
General fund	1,813,463	100,256	1,913,719
Visitor Centre Fund	2,702,525	(200,999)	2,501,526
Friends ofThe Few Association	107,748		107,748
Hurricane Fund Memorial Wall Fund	36,070 56 426	(2,488) ~1572)	33,582 54 854
	4716 32	104803	4611429
GROUP AND CHARITY
Restricted funds
Edggin Hill	1,963		1,963
The Wing Roof The Wing Lights	45,334 ~9769	(5,666) ~12 631	39,668 ~22 400
	57066	6965	64031

Net movement	in funds, included in the	above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
GROUP		6
Unrestricted	funds
General fund		448,184	(487,056)	132,721	93,849
Visitor Centre	Fund		(200,999)		(200,999)
Hurricane Fund Memorial Wall Fund			(2,488) ~1572)		(2,488) ~1572
		~448 184	692 115	~132 721	111210

MOVEMENT IN FUNDS - continued
	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
CHARITY			f.
Unrestricted funds
General fund	366,717	(399,182)	132,721	100,256
Visitor Centre Fund		(200,999)		(200,999)
Hurricane Fund Memorial Wall Fund		(2,488) ~1572		(2,488) ~1572
	366717	604 241	~132721	104803
GROUP AND CHARnT
Restricted funds
The Wing Roof The Wing Lights	~17 720	(5,666) ~5089		(5,666) ~12 631
	~17 720	10755		6965