Charity regisiraiion number.. 1175731
Hucknall Flight Test Museum
Annual Report and Financial 8tatem¢nts
for the Year Ended 5 April 2024
Comn)unily Accounling Plus
Uniis l & 2 North West
41 TalLx)i Street
Noitingham
NGI 5GL

Hucknall Flight Test Museum
Contents (continued)
Reference and Administrative Details
Truste¢s' Report
2to3
Statement of TTU5tee5' Respon5ibilitie5
Independent Exaininels Report
Statement of Fii)ancial Activities
Balance Sheet
Notes to the Financial Ststements
8t0 13

Hucknall Flight Test Museum
Reference and Administrative Details
Trustee5
Malcolm Todd
Milan Petrovic
Briaii Wilson
Miles Barrett
Sharon Severn
Alan Spray
Alan Randall
Charity Registration Number
1175731
Principal Office
The Wing Hangar
Hives Way
Hucknall
Noiiinghamshire
NG15 6YH
Independent Examiner
John O'Brien. employee of
Commllnitj. Accounting Plus
Units l & 2 North West
41 Talbot Street
Nottingham
NGI 5GL
Page I

Hucknall Flight Test Museum
Trustees, Report
The trustees present the annual report together with the financial stateinents of the charity for the year ended 5
April 2024.
Obj¢£lives and activities
Objeets urtduims
To ensure the heritsge of Flight & Engine rest DevelopmenL and the unique Hucknall site is protected and
available for the public and future generations.
Objeclive.f, slrategies a¢livilies
Provide a safe and secure site, plus an introduction and Museum tour that provides infomiation on the "world
firsts" aLhieveinents at this historic site. plu5 artefacts, mode15 and ori¥inal engine5 from WW2 and be)'ond.
Additionally, tell the stories of people who worked on this 5lte and their k)Ctivities.
Publie bellejll
By providing a wide range of material, including conservarilin and resioration of items for the public and
educational purposes. It is envisaged to open up the archives collectedlassociated ￿1[h the sites heritage via an
on-line link to video, photographic and historic records., once software collation has been completed.
The trustees confirm that they have complied M'ith the requirements of sectioll 17 of the Charities Act 2011 to
have due regard to the public benefit guidance published by the Charity Cotnmission for England and Wales.
Structure. governance and management
alure of¥uverniii&¥ dvcumeiit
The charity is operated under the rules of its constitution/tru5t deed adopted 1411112017.
Recrullmerti and&ppoI￿¢￿ettI Iruslees
Current Trustees recommend persons concerned and the Chainnan and Vice Chairman interview and discuss
roleslresponsibilities required.
Subsequently. this will be discussed at the next Twstees meeting which includes a 'new Trustees" item on the
agenda. Feedback is discussed and relevant appointments are then made.
Page 2

Hucknall Flight Test Museum
Trustees, Report (continued)
Achievements and performance
Pivotal di5CU5sions took place in Spring 2023, which paved the way for HUFTM to appoint lan Torr (Cle¥gs
Solicitor5, Nottin¥hainl. and t]e¥otiate with Rolls-Royce PLC Property Manager Robert Orgill and their le¥al
team at Ever5hed5. Worce5ter5hire.
Whi15t le¥Tal negFotiation5 continued, it wa5 Still not possible to undertake activities within the Wing Hangar,
other than tidy up work, via the stewardship of Neil Chattle (*RRHT), a5 previously detailed in the 2022123
Chair s report.
The trustees continued to work actively with *Rolls-Royce Heritage Trust, to ensure the future of the Museuin
and Hucknall's place in dviation historv. HUFTM Cl)aiman Al￿ Spray attended several RRIIT Council
Meeting5 in the abtsve period, updatin¥ and briefing Directors of the slow legal pro¥ress that ivas taking place.
The r¢lea5e of the agreed £400K dvnlitivn was litnited by R-R Pi"op¢rty. to an initial sutn of approx. £25K to
fund professional fees and warious expenses in mainlaining the building integrity during the Autuinn of ?023.
Monthly meetings of HUFTMIRRHT members continued to lake place at "The Engine Rooms" plus Trustees
meetings were now more frequent, as legal activiiy was stsrring to ramp up in OctlNov 2023, following the
granting of planning approval for the Modular Building, previously reported.
Unfortunately the ividely reported RAAC construction issue took place during this period and the
supplylerection of HUFTM Modular building. planned for early 20?4 ivas pushed back 10 Springlsummer '24
as Schools and public buildings riohtly tLX)k priority in sourcing alternative 'iemporary accommodation"
HUFTM frustees and volunieers amended business and site plans for the reopening of the Museum. however.
finally on Januar), I Ith 2024, the si£ning of the miich a￿aIted short (5 yearl and long 199 year) leases were
coinpletedl This action kick-started an immediate change in allowing members and volullteer% to provide their
available siipport anjrtime during the weekl
Whilst this period was the coldest and wettest time of the year, members and new volunteers working on
internal projerts, ￿hICh were listed and orchestrated by HUFTM Workshop Manager.
Site meetings subsequently took place with seiiior Wemick personnel to finali5e building erection area and
siipply of power, water. sewage setryices. In addition, interjial details ￿'ere fine tuned to finalise overall costs and
reconcile the 501 dep05lt. as per contract.
At this point R-R Propert), transferred the balance of the donation, as expenses mounted and quotes were
updated for supply of matcrials and labour for external painting, replacement glass, energ), saving Heat Pumps.
By April 2024, 7 new volunteers had joined the teaTn and fiirther plaiining took place in aiiticipation of the
modular building arriving in late Junelearly July.
Financial review
HUFTM Trustee5 were l)appy to receive a £400K doiiation,. spending £123K durin¥ the period coverin¥ this
document. We were able to invest £85K of the donatioii and actively Tnonitor monthly expense5. since our
bu5iiies5 plan was to Sustain the inuseuTn for a 5 year period and subsequent review for a long-teTm freehold
lease.
Poli¢y OR reserves
Our poli¢}, on reserves, is based on oiir business plan and regular revieM".s. We need reserves for potential major
expenditure like sile groundworks andlor complete roof repairireplacement, which ￿a$ qiioied at £75K.
Page 3

Hu¢knall Fliglit Test Musru
Statement of Tru5te¥5' Respon5iblllties
ThF IiusirrJ ￿li iibponsibl¢ fuT pf¢pitiin¥ Ihe irusicc5' fiport and thL finiinLial sraiLincnt5 in acL(3rdAnLf Wlth Ihtr.
Uniied Kiiigdom ALLIIUllliiig SiaTIAxrd.R ITliiiird Ktnudum Gejicrally AcL'ept¢d ALCOUlltlilg Pi'actliil and
applicable13w 8nd reglllationg.
Tlip applitwble w chdrJlie6 IPqUire'.-
givc a tiur diid fdIl virw (Trl. di¢ STaTe of drraiTS ol tli¢ chai?ry and ot the InLuming Irsuurces and applicaiion ol.
I"LSLIUt¥es uf EhL Lha[￿ty f¢)r thal PLriod. Jn prLparinv thLSL' fjnancidl stalcTncnts, tJi¢ titsstC¢8 arc r¢quirtd to..
select suital)le accoll]Iijiia politi¢< aRd dic11 ai)ply Ilicm c017%151CiitIy'
observL Ihe method% and prinL Tples Jn Ihc Ch41ritic£ ,SORP.
ijdkr Jud¥LrnEniq aiid &%iimaies Ihal are ieasonable wid prl￿e11(.
siaiL wh¢thLr applJcal)l¢ ￿L¥DUntin0 514nddr(L% have hcLlI f(IllL)wed. subje¢l 10 any matLrial depamtrc.%
disclosed and cxplained in the till￿]ela1 staiemeni%.' anA
prep21e Lhe financial I￿[el￿t￿lS on th¢ goiiiu LOllLCnl bi1s￿5 unless li is indppropriate 10 preswne diat Lhe
cliariLy 14.111 ioniinue In business
The trusiec% art re.%pttttqihlp rrtr kpepin8 Pl￿Per accouniins r¢cord6 shoi disclosc With r¢llsoiiablc aCCUraGy al any
tirne the lin￿]CIal p￿1￿0￿ of thc chanry aiid Ciidl>l¢ lliLIii Ll) CTlbUlC thaT thc tinaiicial gTaicmcnL% comply with the
CliitriliLS ACI 701 l. thc Lhai-Ili¢s IAcc4)unls aiid Rcporusl Rcgulations 2008, aiid thc prL)Visioiis ol. thc
constlluiioi?. The [rusi¢c￿ al'e dl.40 re.4ponsible lor .safegTuarding lh¢ d.4%ei.% ol. Lh¢ charilv heiice lor laking
T¢asonable steps IOF thc pi'eN'eniJvn anil deiection i)r liaud OLlier irreciulai'ilies.
Thc ITUStLL$ arc r¢EpufisJblo tor thL ffjaliilcnan￿C ortd Iiitcgjtry uf tliL LIIII)ClldlL aiid finan¢iol I￿rOn￿all0
IIILluLlud iiIi the charTEahlc CDinpBny's ivebsilc. Lcgislaiion goi'¢rning thc preparation ￿]d dissemination of
tiiiancial Siatcmcnts may ditlcr from l¢gislalion 11) othei- jurisdiclions.
Approwcd by ilJL tsublffb vf Qjc ilidTiLy on / L.
..*Th"and si(nied on its bEhoif by-.
Alaii Sjray
TTUStec

Hucknall Flight Test Museum
Independent Examiner's Report lo the trustees of Huel(nall Flight Test Museum
Itldependent exarnitLer'5 report to the trustees of Hucknall Flight Test Museum
I Itptsrt to the trustees tsn iny exainination ot'the accounts Ot. I lucknall Flight Test Museum (the Charity} for the
year ended 5 April 2024.
Responsibilitie5 and basis of report
A.% the trnstees of the charity you are responsible for the preparation of the ac¢ounts in accordan¢e with the
requirements of the Charities Act 2011 (the Act')-
I report in respect of my examination of the Charity's accounts carried oiit under section 145 of the 2011 Act
and in carry'ing out my examination I have follo￿.ed all the applicable directions given by the Charity
Commission under section 145{5)(b) of the Act.
llldependent exarnitler 5 Staternent
Since the Chariiy's gross income exceeded £250.000 your examiner must be a member of a body listed in
sectilin 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
and Felloiv of the Association of Charity Independent Examiners, which is one of the listed bodies.
I have compleied my examination. I confimi that no matters have come to my attention in connectilin with the
examinaiion giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the Act: or
2. the accounts do not accord with those records: or
3. the accounts do not Comply with the accounting requirements concerning the forni and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair, view ￿'hICh is not a matter considered as part of an independent examination.
I have concerns and have come acros5 110 other inatters iii connection with the examination to which attention
sliould be drawli in this report iii order to enable a proper under5tandinu of the accouiits to be reached.
John O'Brien Msc, FAIA, FCIE, employee of Community Accounting Plus
Fellow of the Association of Charity Independent Examiners
Units l & 2 North West
41 Talbnt Street
Nottingham
NGI 5GL
2210512025
Page 5

Hucknall Flight Test Museum
Statement of Finaneial Aetivities for the Year Ended 5 April 2024
Total
2024
Total
2023
UThrestricted
Note
Income and Endowments from:
Donations and legacies
Other trgding activities
Investment income
400,261
318
400.261
318
6.000
Total Income
400,586
400,586
6,000
Expenditure on:
Charitable aciiviiies
(116,030)
1110.030)
{202)
Totsl Expenditure
Net movement in funds
(116,030)
1116.030)
{202)
284,556
284,556
5,798
Reconciliation of funds
Total funds brought fonvard
8.495
8.495
2.697
Total funds Ca￿led fotiward
293,051
293,051
8.495
All of the charity's activities derive from continuing operation5 durin¥ the above two period5.
The fund5 breakdown for the period 15 Shown in note .
Total
2023
Unrestrieted
Note
Income and Endowments from:
Donation5 and legacies
Expenditure on:
Charitable activities
6,000
6,000
(202)
(202)
Total Expenditure
(202
(202
Net movement in funds
5.798
5.798
ReeonciliAtiun of funds
Total fund5 broiight forward
2.697
2.697
Total funds carried fotTrvard
8,495
8,495
The notes on pages 8 to 13 form an integral pan of Ihese financial ststements.
Page 6

Hucknall Trlight Test Museum
IRegistration number: 1175731)
Balance Sheet as at 5 April 2024
2024
2023
Note
FiA¢d a55tt5
Tangible assets
6.360
Current assets
nebiors
L'asti at bank an¢J In han
io
2,131
2¥).4VU
¥,4Y)
287,531
8,495
Creditors.. Amouttt$ fallirtg duè within one ye*r
12
Ig40)
Net currertt 0$5et$
28(),691
8.495
Net assets
293,051
8,495
Fiinds Ibf th& ehgriti.:
Unrestricted Income funds
I lllrpEtrirtpil fiinilq
?.Yry,nSl
%.495
Total funds
993.051
8.495
Th¢ fJnanLial stst¢m¢nts on pag&% 6 io 13 w¢rc approv¢d by th¢ trustccs, and authoris¢d for issuc on
and Si￿ed on their behalf by..
MalLubll
TnL%te¢
The notes on pa8es 8 to 13 fom gn Intesral patt of these fingttcial statements.
Pa8¢ 7

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024
l Accounting polieies
Statement of eompliartee
'I'hc financial statcincnts have been pr¢par¢d in accordance with the second ¢dition of th¢ Charities Statement of
Rccommended Practice issued in Octi)ber 2019. the Financial Reporting Standard applicable in the United
KinbFdoin at]d Republic of Ireland IFRS 102) aiid the Cl)aritie5 Act 2011.
Basis of preparation
Hucknall Flight Test Museum meets the definition of a public benefit entity under FRS 102. Assets and
liabilitie5 ale initiall}. reco¥ni5ed at Iii5torical cost or transactioii value unless OtheTWiSe Stated in the relevant
accountin¥ policy notes.
Exemplion from preparing g cash flow statement
Under the exemption available to STnaller charities the Board of Trustees has chosen not to include a Statement
of Cash Flows w'ithin the financial statements.
CJoing concern
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material
uncertainties related to events or conditions that may cast sigiiificant doubt on the ability of the charity to
continue as a going concem. The trustees make this assessment in respect of a period of one year from the date
of approval of the financial statements.
Preiious period comparison
The previous pcriod's figures have not been included for comparison because the layout used in the previous
period wa5 substantially different and does not lend itself to clear comparison.
Income and endowments
Voluiitary income including donation5, gifts. legacies and grants that provide core funding or are of a general
nature is recotTt115ed w'heii the charity has entitleinent to the income, it is probable that the ii)come will be
received and the amoiint can be measured with sufficient reliability.
Donullons legucles
Donations are recognised when the charity has been noiified in wriiing of boih the amL)unt and settlement date.
In the event that a donation is subject to conditions that require a level of performance by the chariry before the
charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully
met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these
conditions will be fulfilled in the reporting period.
Grémts receiv&hle
Grants ale ieco¥ni5ed wheii the charit), ha5 ali entitleineiit to the funds and aii}' conditions linked to the grants
have been niet. Where performaiice conditions are attached to the ¥rant and are yet to be met, the iiicome is
recognised as a liabilify. and included on the balance sheet as deferred income to be released.
Page 8

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Inveslment Income
Dividends are recognised once the dividend has been declared and notification has been received of the dividend
due.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure. it is prL)bable
settlement is required and the amount can be measured reliably. All costs are allocated to the applicable
expenditure heading that aggregate similar costs to thai category. Where costs cannot be directly attribuied to
particular headings the}. have been allocated on a basis consistent with the use of resources. with central staff
CL)sis allocated L)n the basis of time spenL and depreciation charges allocaied on the portion of the asset's use.
Other siipport costs are allocated based on the spread of staff costs.
Charilable aclivilies
Charitable expenditure comprises those cost5 incutTed by the charity in the delivery of its activities and services
for its beneficiaries. It include5 both cost5 that can be allocated directly to such activities and those costs of a
indiTect nature necessary to support them.
Taxation
The charity is considered ro pass the tesis set out in Paragraph I Schedule 6 of Ihe Finance Act 2010 and
therefore li meets the definition of a charithble company for UK corporaiion tax purposes. Accordingly. the
charity is potentially exempt from taxation in respect of income or capiial gains received withiii Categories
covered by Chapter 3 Part I l ol. the Corporation Tax Act 2010 or Seeiion 256 of the Taxation of Chargeable
Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed a55et5
Individual fixed assets costing £500.00 or more are initially recorded at cost, less any subsequent accumulated
depreciaiion and subseqiient accumulated impairment losses.
Depreciation and arnort15ation
Depreciation is provided on tangible fixed assets so as to write off the CL)St or valuation, less any estimatsd
residual value. over their expected useful economic life as fLIIIows'.
A55et cla55
Fixiures &- fittings
Depreciation method and rate
20/0 straight line
Trade debtor5
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary
course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost
using the effective interest method, less provision for impairment. A provision for the impaimient of debtors is
established when there is objective evidence that the chariry will not be able to colleci all amounts due
according to the original terms of the receivables.
Cash and Cash equivalents
Cash and cash eqiiivalents comprise cash on hand and call deposits, and other short-temi highly liquid
investments that are readily convertible to a known amount of cash and are subject to at] insignificE￿t risk of
change in value.
Page 9

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
Borrowings
Interest-bearing bO￿Ow1n¥S are initially recorded at fair value, net of transaction costs. Intere5t-bearin¥
borrowings are 5ub5equently carried at amort15ed c05t, with the difference between the proceeds, net of
transaction cost5. and the amount due on redernption being recognised as a charge to the over the period of the
relevant borrowin¥.
Interest expense 15 recogni5ed on the basis of the effective interest method and is included in interest payable
and siinilar charges.
Boffowings are classified as current liabilities unless the has an unconditional right to defer settleinent of the
liability foi at least twelve inonth5 after the reporting date.
Fund structure
Unrestricied income funds are general funds that are available for use at the trustees, discretion in furtherance of
the objectives of the charity.
2 Income from donation5 and legacies
Unrestricted
Total
Total
2023
G¢neral
Donations and legacies.,
Donatitsns Irom individuals
Grants, includii)g capital grants;
Grants from companies
261
261
6,000
400,000
400,000
400,261
400,261
6,000
3 Income from other trading actii'ities
Unrestricted
funds
CeDeral
Total
funds
Total
2023
Fundraising
318
318
i18
4 Investment irteome
Unrestricted
funds
CJ¢ner&l
Total
Total
2023
Interest receivable and similar income.
Interest receivable on bank deposits
Page 10

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
5 Grants and donations
Unrestricted
funds
Total fund5
Rolls-Royce PLC
Give As You Live
400,000
?61
400,000
261
400,?61
400,261
6 Expenditure charitable activitie5
Unrestricted
funds
General
Total
2024
Total
2023
Legal & professional fees
Miscellaneous
Communicatior15
Security
Modular building
Mgintengnce
Sanitary requirements
Insurance
tkpreciation
Museum n]nning costs
26,716
690
26,716
690
456
456
1,513
82.600
1,275
553
637
1,590
82.600
1.275
553
637
1,590
202
116,030
116,030
202
7 Independent examiner's fees
During the period, the fees payable (excluding VATI to the charity's independent examiner Community
Accounting Plus are anal)Ised as follows..
2024
2023
Independent examination
700
700
Pagell

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
8 Taxation
The charity is a registered charity and 15 therefore exempt from taxation.
9 Tangible fixed assets
Fixtures &
rittings
Total
Cost
Addition5
7,950
7.950
At 5 April 2024
7,950
7.950
Depreciation
Charge for the year
1,590
1,590
At 5 April 2024
1,590
1,590
Net book value
At 5 April 2024
6,360
6,360
10 Debtors
2024
2023
Prepayments
2,131
I I Cash and cash equivalents
2024
2023
Cgsh on hand
Cash at bank
285,398
8,493
285,400
8,495
12 Creditors: amount5 falling due within one year
2024
2023
Accrua15
840
13 Related party transactions
TheTe weie nv ielated party transactions in the year.
Page 12

Hucknall Flight Test Museum
Notes to the Financial Statements for the Year Ended 5 April 2024 (continued)
14 Trustees remuneration and e%penses
No tru5tee5, nor any persons cotjnected with them, have received any remuneration from the charity durin¥ the
year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
Page 13