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2024-04-05-accounts

Digitally Signed Document Document ID: 441587C005E86E

Document Details

Filename: CHA Accounts.pdf Client of: Nicholsons Accountants Limited

Signature Details

Name: Joanne Brown
Email: jlb@nicholsonsca.co.uk
Date & Time: 06/11/2024 07:35:17 AM (GMT)
IP Address: 80.209.152.112
Signing Statement: Joanne Brown agrees and approves the contents of
this document.

Digital Certificate

The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.

On behalf of: Nicholsons Accountants Limited
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign

Please keep a copy of this document for your records.

Digitally Signed Document Document ID: 50058A6707C6EB

Document Details

Filename: CHA Accounts.pdf Client of: Nicholsons Accountants Limited

Signature Details

Name: Paul & Linda Britchford & Leighton
Email: paulandlindab@hotmail.co.uk
Date & Time: 04/11/2024 17:32:58 PM (GMT)
IP Address: 109.158.59.160
Signing Statement: Paul & Linda Britchford & Leighton confirms that
the information is correct and complete to the best
of their knowledge and belief.

Digital Certificate

The approved PDF file has been digitally certified.Please check the Digital Certificate information in your PDF viewer to verify the Digital Certificate authenticity and the PDF has not been tampered with.

On behalf of: Nicholsons Accountants Limited
PDF digital certificate: IRIS Software Group Limited
Digital certificate issued by: GlobalSign

Please keep a copy of this document for your records.

REGISTERED COMPANY NUMBER: 11100970 (England and Wales) REGISTERED CHARITY NUMBER: 1176638

Report of the Trustees and

Financial Statements

for the Year Ended 5 April 2024

for

We'll Meet Again Museum Ltd

We'll Meet Again Museum Ltd

Contents of the Financial Statements for the year ended 5 April 2024

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 15
Detailed Statement of Financial Activities 16 to 17

We'll Meet Again Museum Ltd

Report of the Trustees for the year ended 5 April 2024

The trustees, two of whom are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 5 April 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To provide a unique, hands on WW2 Home Front and Home Guard experience in a friendly environment. To enhance the knowledge of local and national heritage on a site of historical importance and to provide a fully integrated visitor experience whilst enhancing the local tourist economy of Boston and its environs.

Our Charitable purposes remain the same as our constitution and we have during the past year maintained our faith in attempting to deliver a unique WW2 Museum and experience for the benefit of Lincolnshire and its surroundings. The new virtual reality Avro Lancaster experience has been met with good reviews and has added to the experience of the museum.

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW

Reserves policy

The Trustees' ongoing reserves policy is to maintain free reserves (unrestricted net current assets) at between three to six months of operating expenditure which equates to £30,000. At this level, the management committee feel that they would be able to continue the current activities in the event of a significant drop in funding. The charity had a positive free reserve of £61,931 at the end of the period.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

11100970 (England and Wales)

Registered Charity number

1176638

Registered office

Shore Road Freiston BOSTON Lincolnshire PE22 0LY

Page 1

We'll Meet Again Museum Ltd

Report of the Trustees for the year ended 5 April 2024

Trustees

Mr P B Britchford Director Ms L A Britchford Director Mr L Jenkins Mr M Pugh-Jones (resigned 13.5.23) Mr D Avison Mr A Barker Mr G P Overton (appointed 13.5.23) Mr R Tory (appointed 13.5.23)

Independent Examiner

Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

..........................................................

Ms L A Britchford - Trustee

Page 2

Independent Examiner's Report to the Trustees of We'll Meet Again Museum Ltd

Independent examiner's report to the trustees of We'll Meet Again Museum Ltd ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mrs Joanne Brown ACA

Nicholsons Chartered Accountants Newland House The Point Weaver Road LINCOLN Lincolnshire LN6 3QN

Date: .............................................

Page 3

We'll Meet Again Museum Ltd

Statement of Financial Activities for the year ended 5 April 2024

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
87,192
Charitable activities
4
Charitable Activities
58,625
Grant Income
-
Other trading activities
3
16,771
Other income
1,096
Total
163,684
EXPENDITURE ON
Raising funds
5
10,979
Charitable activities
6
Charitable Activities
96,461
Total
107,440
NET INCOME/(EXPENDITURE)
56,244
RECONCILIATION OF FUNDS
Total funds brought forward
56,784
TOTAL FUNDS CARRIED FORWARD
113,028		 Restricted
fund
£
-
-
56,978
-
-
56,978
-
7,743
7,743
49,235
-
49,235		 2024
Total
funds
£
87,192
58,625
56,978
16,771
1,096
220,662
10,979
104,204
115,183
105,479
56,784
162,263		 2023
Total
funds
£
17,141
11,793
-
39,035
1,042
69,011
9,361
76,371
85,732
(16,721)
73,505
56,784

The notes form part of these financial statements

Page 4

We'll Meet Again Museum Ltd

Balance Sheet

5 April 2024

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
12
51,097
CURRENT ASSETS
Debtors
13
324
Cash at bank
85,163
85,487
CREDITORS
Amounts falling due within one year
14
(23,556)
NET CURRENT ASSETS
61,931
TOTAL ASSETS LESS CURRENT
LIABILITIES
113,028
NET ASSETS
113,028
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
fund
£
29,167
-
20,068
20,068
-
20,068
49,235
49,235		 2024
Total
funds
£
80,264
324
105,231
105,555
(23,556)
81,999
162,263
162,263
113,028
49,235
162,263		 2023
Total
funds
£
4,577
-
61,869
61,869
(9,662)
52,207
56,784
56,784
56,784
-
56,784

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

Page 5

continued...

We'll Meet Again Museum Ltd

Balance Sheet - continued

5 April 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. Ms L A Britchford - Trustee

The notes form part of these financial statements

Page 6

We'll Meet Again Museum Ltd

Notes to the Financial Statements for the year ended 5 April 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Government Grants

Government grants which have been accounted for under the performance model are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met.

Government grants which have been accounted for under the accruals model, in respect of capital expenditure are recognised within income on a systematic basis over the expected useful life of the asset.

Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Page 7

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

2. DONATIONS AND LEGACIES

Donations
3.
OTHER TRADING ACTIVITIES
Café
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Fundraising events
Charitable Activities
Fundraising events
Grant Income		 2024
£
87,192
2024
£
16,771
2024
£
58,625
56,978
115,603		 2023
£
17,141
2023
£
39,035
2023
£
11,793
-
11,793

Page 8

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

5. RAISING FUNDS

Raising donations and legacies

Purchases
Other trading activities
Purchases
Aggregate amounts
6.
CHARITABLE ACTIVITIES COSTS
Charitable Activities
7.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Trustees' remuneration etc
Rent
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Repairs/building work
Motor & travel expenses
Accountancy fees
Legal & professional
Admin costs
Bank fees
Subscriptions
Depreciation		 2024
£
2,960
2024
£
8,019
10,979
2024
£
60,650
-
894
4,531
1,480
1,786
1,974
1,438
6,670
294
1,680
4,037
747
918
82
17,023
104,204		 2023
£
4,347
2023
£
5,014
9,361
Direct
Costs (see
note 7)
£
104,204
2023
£
55,055
910
602
3,966
1,176
1,498
1,439
430
5,366
240
2,060
-
529
704
229
2,167
76,371

Included in accountancy fees is £412 for fees incurred in relation to the independent examination in accordance with the Charities Commission SORP requirements.

Page 9

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

Depreciation - owned assets
Other operating leases
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries		 2024
£
17,022
-
2024
£
60,650		 2023
£
2,168
910
2023
£
55,055

9. TRUSTEES' REMUNERATION AND BENEFITS

Included in the above is remuneration directly paid in relation to their work for the entity. The trustees' remuneration consists of pay relating to the two directors.

Trustees' expenses

Trustees' expenses in the year amounted to £3,050 (2023: £3,050) relating to reimbursement of motor expenses. These expenses were incurred by one trustee.

10. STAFF COSTS

2024
£
Wages and salaries
60,650
60,650
The average monthly number of employees during the year was as follows:
2024
General Staff
3
No employees received emoluments in excess of £60,000.		 2023
£
55,055
55,055
2023
2

Page 10

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
17,141
-
Charitable activities
Charitable Activities
11,793
-
Other trading activities
39,035
-
Other income
1,042
-
Total
69,011
-
EXPENDITURE ON
Raising funds
9,361
-
Charitable activities
Charitable Activities
76,371
-
Total
85,732
-
NET INCOME/(EXPENDITURE)
(16,721)
-
Transfers between funds
(562)
562
Net movement in funds
(17,283)
562
RECONCILIATION OF FUNDS
Total funds brought forward
74,067
(562)
TOTAL FUNDS CARRIED
FORWARD
56,784
-		 Total
funds
£
17,141
11,793
39,035
1,042
69,011
9,361
76,371
85,732
(16,721)
-
(16,721)
73,505
56,784

Page 11

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

12. TANGIBLE FIXED ASSETS

12. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£ £ £ £
COST
At 6 April 2023 185 4,539 5,163 9,887
Additions 13,810 78,549 350 92,709
At 5 April 2024 13,995 83,088 5,513 102,596
DEPRECIATION
At 6 April 2023 125 1,714 3,471 5,310
Charge for year 2,212 13,808 1,002 17,022
At 5 April 2024 2,337 15,522 4,473 22,332
NET BOOK VALUE
At 5 April 2024 11,658 67,566 1,040 80,264
At 5 April 2023 60 2,825 1,692 4,577
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Prepayments and accrued income 2024
£
324		 2023
£
-
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors 2024
£
2,858		 2023
£
644
VAT 837 1,851
Other creditors 17,857 5,158
Accrued expenses 2,004 2,009
23,556 9,662

Page 12

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

15. MOVEMENT IN FUNDS

At 6.4.23
£
Unrestricted funds
General fund
56,784
Restricted funds
Restricted Funds
-
TOTAL FUNDS
56,784
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
163,684
Restricted funds
Restricted Funds
56,978
TOTAL FUNDS
220,662
Comparatives for movement in funds
Net
movement
At 6.4.22
in funds
£
£
Unrestricted funds
General fund
74,067
(16,721)
Restricted funds
Restricted Funds
(562)
-
TOTAL FUNDS
73,505
(16,721)		 Net
movement
in funds
£
56,244
49,235
105,479
Resources
expended
£
(107,440)
(7,743)
(115,183)
Transfers
between
funds
£
(562)
562
-		 At
5.4.24
£
113,028
49,235
162,263
Movement
in funds
£
56,244
49,235
105,479
At
5.4.23
£
56,784
-
56,784

Page 13

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS
A current year 12 months and prior year
Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
69,011
(85,732)
(16,721)
69,011
(85,732)
(16,721)
12 months combined position is as follows:
Net
Transfers
movement
between
At
At 6.4.22
in funds
funds
5.4.24
£
£
£
£
74,067
39,523
(562)
113,028
(562)
49,235
562
49,235
73,505
88,758
-
162,263

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted Funds
TOTAL FUNDS		 Incoming
resources
£
232,695
56,978
289,673		 Resources
expended
£
(193,172)
(7,743)
(200,915)		 Movement
in funds
£
39,523
49,235
88,758

Page 14

continued...

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued for the year ended 5 April 2024

16. RELATED PARTY DISCLOSURES

In the year, related party transactions consisted of £55,055 relating to trustees' remuneration payable to the directors of the company in relation to their work for the entity.

Included within the Creditors balance is an amount owing to the Trustee's of the Charity.

Year Period
Ending Ending
05/04/2023 05/04/2023
Balance Brought Forward 5,158 3,523
Funds Withdrawn - (59)
Funds Introduced 12,699 1,694
Balance Carried Forward 17,857 5,158

This amount was unsecured and not subject to any interest in the accounting period.

17. POST BALANCE SHEET EVENTS

As at 5th April 2024, the company continued to generate revenues through their café and admissions to the museum. The company remains a going concern for the future.

Page 15

We'll Meet Again Museum Ltd

Detailed Statement of Financial Activities
for the year ended 5 April 2024
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Other trading activities
Café
Charitable activities
Fundraising events
Other income
Solar panel income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Purchases
Other trading activities
Purchases
Charitable activities
Trustees' salaries
Rent
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Repairs/building work
Motor & travel expenses
Accountancy fees
Legal & professional
Admin costs
Bank fees
Subscriptions
Plant and machinery
Fixtures and fittings
Computer equipment		 2024
£
87,192
16,771
115,603
1,096
220,662
2,960
8,019
60,650
-
894
4,531
1,480
1,786
1,974
1,438
6,670
294
1,680
4,037
747
918
82
2,212
13,808
1,003
104,204		 2023
£
17,141
39,035
11,793
1,042
69,011
4,347
5,014
55,055
910
602
3,966
1,176
1,498
1,439
430
5,366
240
2,060
-
529
704
229
20
686
1,461
76,371

This page does not form part of the statutory financial statements

Page 16

We'll Meet Again Museum Ltd

Detailed Statement of Financial Activities

Total resources expended
Net income/(expenditure)		 for the year ended 5 April 2024 2024
£
115,183
105,479		 2023
£
85,732
(16,721)

This page does not form part of the statutory financial statements

Page 17