| Trustees | Mr WT Cooper | |||
|---|---|---|---|---|
| Mr R Curtis | ||||
| Mrs H R Blake Edwards | ||||
| MrAP Smart | ||||
| Mr BR Curtis | ||||
| Mr C R Kurek | ||||
| Mr DAGledhill | ||||
| Mr DJ Edwards | ||||
| Mr JAC Beattie | ||||
| Ms M Irving | (Appointed | 24 February | ||
| 2022) | ||||
| Secretary | Mr DAGledhill | |||
| Charity number | 1175948 | |||
| Company | number | 10784045 | ||
| Principal address | Hangar 2 | |||
| Sandown, Isle ofWight Airport |
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| Scotchells Brook Lane | ||||
| Sandown | ||||
| Isle ofWight | ||||
| PO36 OJP | ||||
| Registered | office | 9StJohns Place | ||
| Newport | ||||
| Isle ofWight | ||||
| PO30 1LH | ||||
| Accountants | Moore (South) LLP | |||
| 9StJohns Place | ||||
| Newport | ||||
| Isle ofWight | ||||
| PO30 1LH | ||||
| Bankers | Newport NatWest Bank Pic |
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| 107StJames Street | ||||
| Newport | ||||
| Isle ofWight | ||||
| PO30 11JT | ||||
| Solicitors | RJR Solicitors | |||
| Portland House |
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| 18Melville Street | ||||
| Ryde | ||||
| Isle ofWight | ||||
| PO33 2AP |
| Page | ||
|---|---|---|
| Trustees' report |
1-3 | |
| Independent examiner's |
report | |
| Statement offinancial activities | ||
| Balance sheet | ||
| Notes to the financial statements | 7-13 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| Notes | F | 6 | 6 | 6 | ||||
| Income from: | ||||||||
| Donations and |
legacies | 3 | 32,781 | 8,200 | 40,981 | 6,523 | 5,316 | 11,839 |
| ~E* dit |
||||||||
| Charitable activities |
4 | 9,042 | 12,089 | 21,131 | 5,280 | 646 | 5,926 | |
| Net income/(expenditure) | ||||||||
| for the year/ | ||||||||
| Net movement | in funds | 23,739 | (3,889) | 19,850 | 1,243 | 4,670 | 5,913 | |
| Fund balances | at 1 | |||||||
| June 2020 | 3,689 | 37,799 | 41,488 | 2,446 | 33,129 | 35,575 | ||
| Fund balances | at 31 | |||||||
| May 2021 | 27,428 | 33,910 | 61,338 | 3,689 | 37,799 | 41,488 |
| 2021 | 2021 | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | 6 | |||||||||
| Fixed assets | ||||||||||
| Tangible assets | 36,592 | 31,710 | ||||||||
| Current assets | ||||||||||
| Debtors | 883 | |||||||||
| Cash at bank and in | hand | 26,046 | 10,195 | |||||||
| 26,046 | 11,078 | |||||||||
| Creditors: amounts | falling due within | |||||||||
| one year | 10 | (1,300) | (1,300) | |||||||
| Net current assets | 24,746 | 9,778 | ||||||||
| Total assets less current | liabilities | 61,338 | 41,488 | |||||||
| Income funds | ||||||||||
| Restricted funds | 33,910 | 37,799 | ||||||||
| Unrestricted funds |
27,428 | 3,689 | ||||||||
| 61,338 | 41,488 | |||||||||
| The company is entitled to |
the exemption | from the audit requirement | contained | in section 477 ofthe Companies | ||||||
| Act 2006, for the year | ended 31 May 2021. | |||||||||
| The director acknowledges | his responsibilities | for complying | with the | requirements | of the Companies | Act 2006 | ||||
| with respect to accounting | records and the | preparation | offinancial statements. |
| 2021 | 2020 | ||
|---|---|---|---|
| f. | |||
| Museum project costs |
14,582 | 1,434 | |
| Insurance | 1,048 | 1,176 | |
| Transportation | 294 | ||
| Brochures | 349 | ||
| Website costs | 101 | 113 | |
| Subsistence | 26 | 535 | |
| Travel | 307 | ||
| Men In Sheds - tools | 48 | ||
| Maintenance | 3,300 | ||
| 19,351 | 3,962 | ||
| Share ofsupport costs (see note 5) | 380 | 964 | |
| Share ofgovernance | costs (see note 5) | 1,400 | 1,000 |
| 21,131 | 5,926 | ||
| Analysis by fund |
|||
| Unrestricted funds |
9,042 | 5,280 | |
| Restricted funds | 12,089 | 646 | |
| 21,131 | 5,926 |
| Support | cos | ts | ||||||
|---|---|---|---|---|---|---|---|---|
| Support | Governance | 2021 | Support | Governance | 2020 | |||
| costs | costsf | costs f |
costs f |
f | ||||
| Administration | costs | 664 | 664 | |||||
| Bookkeeping | costs | 380 | 380 | 300 | 300 | |||
| Accountancy, | advisory | |||||||
| and set-up | costs | 1,400 | 1,400 | 1,000 | 1,000 | |||
| 380 | 1,400 | 1,780 | 964 | 1,000 | 1,964 | |||
| Analysed | between | |||||||
| Charitable | activities | 380 | 1,400 | 1,780 | 964 | 1,000 | 1,964 |
| None of the trustees | (or any persons connected | (or any persons connected | (or any persons connected | (or any persons connected | with them) received any remuneration | with them) received any remuneration | with them) received any remuneration | or benefits | from the | |
|---|---|---|---|---|---|---|---|---|---|---|
| charity during the year. | ||||||||||
| 7 | Employees | |||||||||
| The average monthly |
number ofemployees | during | the year was: | |||||||
| 2021 | 2020 | |||||||||
| Number | Number | |||||||||
| Total | ||||||||||
| There were no employees | whose annual | remuneration | was more than 660,000. | |||||||
| 8 | Tangible fixed assets | |||||||||
| Museum | Collection | |||||||||
| 6 | ||||||||||
| Cost | ||||||||||
| At 1 June 2020 | 31,709 | |||||||||
| Additions | 4,883 | |||||||||
| At 31 May 2021 | 36,592 | |||||||||
| Carrying amount |
||||||||||
| At 31 May 2021 | 36,592 | |||||||||
| At 31 May 2020 | 31,710 | |||||||||
| 9 | Debtors | |||||||||
| Amounts falling due |
within one year: | 2021 6 |
2020f | |||||||
| Prepayments and accrued |
income | 883 | ||||||||
| 10 | Creditors: amounts | falling | due within | one | year | |||||
| 2021 | 2020 | |||||||||
| Accruals and deferred | income | 1,300 | 1,300 |
| 12 | Analysis ofnet assets |
between funds | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
| funds | funds | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | ||
| 6 | 6 | E | f | ||||
| Fund balances at 31 | |||||||
| May 2021 are | |||||||
| represented by: |
|||||||
| Tangible assets | 5,724 | 30,868 | 36,592 | 842 | 30,868 | 31,710 | |
| Current assets/ | |||||||
| (liabilities) | 21,704 | 3,042 | 24,746 | 2,847 | 6,931 | 9,778 | |
| 27,428 | 33,910 | 61,338 | 3,689 | 37,799 | 41,488 |