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|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,<br>Isle ofWight Airport|||
|||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<br>NatWest Bank Pic|||
|||107StJames Street|||
|||Newport|||
|||Isle ofWight|||
|||PO30 11JT|||
|Solicitors||RJR Solicitors|||
|||Portland<br>House|||
|||18Melville Street|||
|||Ryde|||
|||Isle ofWight|||
|||PO33 2AP|||





|||Page|
|---|---|---|
|Trustees'<br>report||1-3|
|Independent<br>examiner's|report||
|Statement offinancial activities|||
|Balance sheet|||
|Notes to the financial statements||7-13|





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||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|
||||funds|funds||funds|funds||
||||2021|2021||2020|2020|2020|
|||Notes||F||6|6|6|
|Income from:|||||||||
|Donations<br>and|legacies|3|32,781|8,200|40,981|6,523|5,316|11,839|
|~E*<br>dit|||||||||
|Charitable<br>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|





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|||||||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<br>funds|||||||27,428|||3,689|
||||||||61,338|||41,488|
|The company<br>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.||||||





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|||2021|2020|
|---|---|---|---|
||||f.|
|Museum<br>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<br>by fund||||
|Unrestricted<br>funds||9,042|5,280|
|Restricted funds||12,089|646|
|||21,131|5,926|



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|Support|cos|ts|||||||
|---|---|---|---|---|---|---|---|---|
||||Support|Governance|2021|Support|Governance|2020|
||||costs|costsf||costs<br>f|costs<br>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|





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||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<br>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<br>amount||||||||||
||At 31 May 2021|||||||||36,592|
||At 31 May 2020|||||||||31,710|
|9|Debtors||||||||||
||Amounts<br>falling due|within one year:|||||||2021<br>6|2020f|
||Prepayments<br>and accrued||income|||||||883|
|10|Creditors: amounts|falling|due within|one|year||||||
||||||||||2021|2020|
||Accruals and deferred|income|||||||1,300|1,300|





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|12|Analysis<br>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<br>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|