Charity registration numb•r 1179982 Company rngistration num1 11273253 IEngland and Wal> MANSTON HISTORY MUSEUM ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
MANSTON HISTORY MUSEUM TRUSTEES. REPORT REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2023 The trvstees present their annual report and financial statements for the year ended 31 March 2023. The fjnancial slatements have beon Prepared in accordance with the accounting poliues sel out in not& 1 lo the financial $tatèmÈnls and compty vnth the charty's tgoveming doujmenll, the Companies Act 2C#)8 an¢J-Accounting and Reporting by Charities.. Statemenl of Reo)mmended Practice ap1¢ab to Charit$ PTeparing their accounts in a¢¢ordance with the Financial Reporting Standard appI1¢ab in the UK and Republic ol Ireland {FRS 1021" (effective 1 January 20191. ObS•ctl¥•8 and aetlvlll The charity's obfrectives are to f¢cord the history of RAF Manslon and its surriyjnding 8atellites at RAF Ash. RAF SaThl¢h and RAF Dunkirk. Thts is achieved through increasing its cc41eclion of artifacls and through maintonan¢• of existing exhibits. antj provi¢Jin9 an insTrghl into Ihe hislory through its museum and event$. Publk ben8fi1 Th¥ Iruslees have paid due regard to guidance isoU8d by the Charity Commi$$ion in d•udlng what adiviliès tho charlty Should undertake. Achl•v•m•nts •nd p•rfornMnc• Sonificant aclivitses and aChievenIS 8gwnsl obcfvvoS The ¢hafrty has ¢onlinutd lo dèvekip over the period and has conlinugd to meet its aims and obpcb"ve8. Flnancl•l rnvS•w During the year. there was ¥ increese in net assets for the tharrty of over £75,C Res&rves polKy The charity has maintained rt8erves to ensure that rt can continu& lo achiw its aims and lo purthase artrfacls and èxhibits 85 they b80)me available. These vary, and th8 trn$tths wrfl rtyulaty review th¢ reseryes held. SlruetUf•, gov•m•n¢• •nd m•n•g•m•nt The charity is structured lo enable the museuffl lo bmw. purchase and moinloin artrf¥¢ts from th8 RAF. Al the year end there are 10 trustees who s•M th• chanty to fjnsur• i¢ meets rts obiediith. The Iruslees. who are 81so the directors for the purpose of company1¥4¥, and vtho sgryed during the yeaf #nd up lo the dale of >gnalure of the finanual slalements were.. M Everall T Brooks D Howlett D Smrth J Groombridge M Izzard T Groombridge W Lawrence A Slaney B WTay A Cowell IReyrd 2 March 2023) RtIment 8nd 8pptyntn*nt oflrustees None of Ihe trustees has any benèficial interèst in the company. Al ot the Iru51ees #re members ol the company and guarantèè to contributa £10 in the event of a winding UP.
MANSTON HISTORY MUSEUM TRUSTEES, REPORT REPORT IINCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Th¥ Tru$lg9$' report report was approved by the Board ofTrustees. fF D Howlett M Izzard Dalo..
MANSTON HISTORY MUSEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANSTON HISTORY MUSEUM I report to the Iruslees on my examination of the finantyal stslemenls of Manston History Museum Ohe chantyl for the year ended 31 March 2023. Ro•pon$lbllttl•$ and b•st8 of r•port As thè trusteès of thè charity land also its directOTS for the puSeS of company I) you a responsiblo lor th¢ prepar81ion of the finawal stalements in accordance with the requirernents of the Companies Act 20C6 Ilhe 2006 Act). Having satisfied myself Ihal the finantyal slalemenls of the ¢harity are not required lo be audited undef Part 16 of tho 2006 Act and are eligie for independent examtnation. l Teport in respect ol my examination ol the charity'$ finaneial stat8m8nls carried oul under section 145 of the Charit3 Act 2011 (the 2011 Acll. In carying out my ex8minalion I have foll9 all the applicable Directions given by the Charity Commi55ion under ¥ection 145lSllb) of the 2011 Acl. Ind•p•nd•nt •x•mln•rfi tt•m•nt I have compltled my examinalion. l ¢onfim that no matters have come to my atlention in (>Jnnection with the oxaminalion giving me cause lo bd*v¢ Ihal in any material respect.. a¢¢ounling r?r¢)$ wèr• not kept in r•spect of the tharity as required by section 386 of the 2006 Act,. or the financial statemants do not acrd tlthh those reeord5'. or the financial statemen15 do not c¢Jmpty wrth the ac¢ounliNJ requir¢ment$ of s¢¢lion 3 of the 2006 Act othgr than any requiremenl that the account5 give * true and fair wew whith 1$ not a matter c¢n$idered 85 part of gn Indèpèndent examination. or the financial slatemenls have nol been pr•par¢d in 8¢¢ordanc¢ with th• m¥thod$ and principles of th8 Statement ol Recommended PractKe lor amjnting and r&portin9 by ¢harilies applicabl& to charities preparing th8ir accounts in accofdance wrth the Fin¥n¢A41 Reporting Slandord applicable in the UK arnl Republic of Irdand IFRS 1021. I have nts conrn3 and have o)m8 across no olhar matters in 0)nnec1 with ihe examination lo which attention Id bè drawn in Ihi$ pOrt in order lo •noblg 8 propwr undorstsnding of lh• financial statemonls to be reached. Mark Hurdman BAIHon81 FCA 3 Lloyd Road 8roadslairs K¥nt CT101HY UK Daled..
MANSTON HISTORY MUSEUM STATEMENT OF FINANCIAL ACTivrriES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2023 Unr•$trlet•d Unr•8tslet•d lund8 lunds 2023 2022 In¢omo Irom: Donalions and legacies Other trading activities Inveslmenls 120.073 37,891 2.668 107,032 64.518 2,320 Tot•1 Incom• 160.632 173.870 Expondlturn on: Raising funds Charitable &ctiwtie8 15,602 69,635 12.472 03.137 Total expandrture 85.237 75,609 N•t Incom• •nd mov•m•nt In fund• 75,395 98.261 R•conclllatlon ol fund¥: Fund balan¢&$ al 1 April 2022 235,410 137.149 Fund balanc It 31 M•rch 2023 310.805 235.410 The st4lemènl of financ481 adivrti•s Indudes all gains •nd losses r•crfnMd in ar. All irKX)m• and 8xp•nditur derive from continuing adiviliès.
MANSTON HISTORY MUSEUM BALANCE SHEET AS AT31 AIARCH 2023 2023 2022 Nots• Flx•d •¥1ots Tangible assets 11 286.353 257,563 Curr•nt C8$h at bank and in hand 58.883 14.344 Credltorn.. amounts 14lllng du• wllhln on• y••r 13 31,154 16,171 Nel rrent assetsllliabihlies) 27.709 11.827) Total ••••ts I# ¢urr•nl Il•blllll 314,C62 255.736 Cr•dltoY*: amounts falllng du• aft•r mor• than on• y•ir 14 {3.257) 120,3201 310,805 235.410 Th• lund• ol th• ¢haflty Unrestricted lunds 310.805 235.410 310.805 235,410 The company is enlrtled to the exempl) the audrt requirement vjnlained in s•¢tion 477 of the Companies Act 20C6, for lh• year ended 31 March 2023. The directors a¢knovAedge th8ir respon&bilrties for complying wrth the requirements ol the Comparmes Act 2008 wrth respect lo a¢¢ounbng rerdS and th8 pr•paratKJn ol financ4al stalemenls. The members have nol required the company lo obtsin an 8udrt of its ffinan¢)al $talernent$ for y•ar in questson in a¢cordance with seclion 476. These financial statemenls have been prepared in a¢e¢Jrdèn¢e with the provl$ions appli¢able to o)mp8ni&s subj9¢1 lo the small companies regime. he financial slalements approved by the Irustees on17.J.24.... D HOwtt Trust•• M12za Tru•t•• Company registration number 11273253 {England and Wdle$)
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 A¢¢ountlng poll¢l• Charity inforniation Manslon History Museum is a private company limiled by guarante& incorporat•d in England and Wales. The regoslered office is 3 Lloyd Road, Broadstsirs. Kent. CT10 1HY, UK. 1.1 Accountlng ¢onv•ntSon The financial statements have been piepared in a¢¢ordan¢¢ wth the chartty'$ tgoverning docJJmènll, the Companies Act 2CK6. FRS 102 "The Finanryal Reporting StsrTrdard applicable in the UK and R&publi¢ ol Ireland. fFRS 102.1 and Ihe Charrts SORP -Accounting and Reporting by Chanl¢es.' Slal&menl ol Rewmmended Practice applicable to chawrties preparing their accounts in accordance wrth the Finandal Reporting Siandard applicab in the UK and Republic of Ireland IFRS 1021" leffective 1 January 20191. The chanty 1$ a Public Bénefit Entty as defined by FRS 102. Tht ¢h8rrty has taken a(Ivantage ol the provisiws in the SORP for charilies not to prepare a Slalanenl of Cash Flows. The financial statements are pTertd w) slerh"ng. whth is thè luntA1 currency of the charity. Monetary amounts in these finanrial statements are rrwnded lo Ihe nearest £. The financial slalemgnts hav• b8en w•par•d under the historKal (yjst convontion, Imodified to include the revaluation of freehokl properties and to indude investment prop8rti•s and cortain fin8rKaal in8trLrnents al fair valuel, The principal accounting polioes adopted are set out below. 1.2 Golng conc•m Al the lime of approv9 the financial slalemgnt$, th• trUStS haw a re8sonab18 expectation that the charity has adequale resour¢es to conlinue in opèrational èxistencè for the foresèeable lulure. Thus th8 trLKSte•s continue lo adopl the goin9 ¢oncem basis of a¢¢ounling in preparing the finanoal slalem•nt$. 1.3 Charftbl• fund Unrestricted funds are availablts for u88 at the distrttion of the trusts8$ in furtheran of Ih•lr ¢harilabl& oty'ectives. Rèslrided funds are subject lo spe¢ffi¢ COnd.0ft5 by dofiots or granltys as to they may Lts•d. Th8 purposes arKI uses of the Teslrided fvnds •ro set out in the notes lo the fin8nca•l $1olement$. Endowmonl funds are subjed lo spe¢rf¢ ¢tyYlition$ by doncws that Ihe ¢gPrtal must b8 maintained by thg IA In¢om• Income is recognised when the charty is legally entild lo it ¥ftèr 8ny perfomwnce nditionS have been mèt, Ihe amounts can be measured ieliably. and it 15 probable that incorne will be received. Cash donations are recognised on re¢¢t. Other donth.ons are re¢ognised on¢e the charity has been notified ol the donation. unless perforrnancR cOndrtn$ fequKe deferral ol the amount In¢omè tax recoverable in relation lo donations received under GrftAHJ or deeds of covenant 15 recognised 81 the tsm¢ of the donatson. Lega¢ies are recognised on rèceipt or otheThwse rf the charity has been notffied of an impending distribution. the amount is knt)wn, and r•¢oipt IS 8xpedèd. If the amount is not known, the legacy is traaled as a ¢ontingent asset.
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounung poll¢l•• IContlnu•dl 1.6 Exp•nditurn Expenditure is re¢ognised once there is a legal OT consiructive obligation lo transler economic benofil lo a third party, it is probable Ihal a transfef of economic beneffts will be required in settlement. and the amounl of tha obligation can be measured rl3bty. ExndItUre is dassified by actiwty. Tho Costs of actiwty ar¢ madè up of the total of dir&t costs and shar¥d ¢osls, inclLtding support costs invofved in undertaking each actiwty. Oirect ¢osts attributatle to a single activity are allocated difectly to thal acliwty. Shared costs which conlnbuie tts mor¥ than on$ actiwty and supporl costs which a not attributable to a single actiwty are apporb'oned btheen those a¢tswl$ on a basi$ consistenl with the use of resources. Central slaff ¢stS are allocated on the basis of lime spent. and deprecAalion charge$ are al018 on the porlion of the asset's u. 1.6 Tanglblo fixod •i••ts Tangible filed a$$&l$ are inrtialty measured al cost and sub5equenty meawred 01 cost or valuation, net ol depreciation and any impaimient losses. Deprecialkin Is re¢ognisad so as lo wrile off the cost or valualw)n ol assets knss their residual valu•$ ovgr Iheir useful lives on th¢ following bases.. Long 8$hOlI prop•rty Fixtures and fittings Equipment Museurn artifacts 2% $trèight line 15% redwng balance 15% r8duong balan( 5% i•ducAng balance The gain or loss arising on the disposal of an asset is determTrned a5 the difference between the s8le proc4•d$ and the carrying value of Ihe ass8t, and is reco9nised in the statefflenl ol financial 4clivitie$. 1.7 Implmwnt offlx•d a*s•ts At each reporting end date. chafity reviews the carryir4J amDunts of ils tangib18 assets to determinè whether there is any indicalion Ihat Ih05e assets have suffewd an ImpalmnI loss. If any such Indatn exists, the recoverable amount of the a55el is esbmated in tsrdei lo d¥lem)ine thè èxtènt of the impairment loss lif any). 1.8 C••h •nd ¢a•h •qulval•Trts Cash and cash equivalents in¢lud8 ¢ash in hand, dèposits held al cal with banks. other shorklerm liquid invastrnents wilh original malunbe$ of Ihw months or $s, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 8•$1¢ fin•n¢lal •ss•ts Basic finanaal assels. whi¢h inc4ude debt0 and eash and bank balances, are initially measured at transaction price induding trans3ctK)n ¢osls and are SubSu&n1IY carried at amortised cost using the effective inleresl method unless the arrangemenl constrtutes a finanan9 transaction, whefe the transaction is measured at Ihe presenl value of the ttAure Teceipt5 dis¢ouni¥d at o math•t fat• ol intor•sl. Finanaal assets c4assified as r•ceivable wilhin one year are rKJt amortised.
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policlo• Icontinuedl Basic fiftan¢i•l liabilili•s 8asic financial liabililies. in¢ludin9 ejedrt0 and bank loan$ a inrtialty recx)gnised 81 transaction price Unle6$ the arrangement constrtules a finantyng transa¢tion, where the debt instrument 15 measured at the present value of the fvlure payments discounled at a market rate ol interest. Financial liabilities dassffjd a8 payable within one year a not amortised. Debt in$trum8nls are subseqLtenity canied at amortised cost. using the eff•di¥• inlerest rate method. Trade ¢redilofs ar• obli9ations to pay for goods or se¢S that have aequired in th8 Ordin coursè ol operalions from Sup181$. Amounts payable are da$sifi&d as ajrrent liabilrties il paymont 1$ du& wrthin one year or less. If not. they a présènt a$ non-¢urront lbIlitI¥$. Tr¥<le ueditor$ are r&¢ognised inibally 81 transaction pri¢ts and subsequenlly m&asured al amortsseil $1 using tht effèctive int#re$t method. D•rncognhlon of Iln•nel•l IlabHItI•s Financial liabilrtie5 are derecognised when ¢hanty'y ntractUal obkgab'ons expire or are discharged or cancelled. 1.9 Employ•• b•n•fft• The cost of any unused holiday Ènbllemenl 18 recognised in Ihe rIOd in which the employeè's 6•ryice8 arè received. Tgrmination b•neffts are ro(3)gnwd wnmediatety as an exponse whon the charity is demonstrabty committed lo t•rminate lh• •mploymont of an plOYee or to provide t•rMinatn b8neffts. crttl¢•l •¢¢ounllng •tlmat• and ludo•m•nts In th8 application ol ch¥rity'$ 8¢¢ounting 1$. th• IfusI•o8 8r r•quired lo m#ktr jud9omenl$, 081imales 8nd assumptions about Ihe ¢8rrying amtsunl of assets and liabilities Ihal are not readily apparent from other sources. The estimales and a8sorAated assumplions are based on historical expen'ence and other factcrfs that 8r8 conSided to be relevant. Aclual results may differ from Ihese eslimales. The estsmates and undetying assumpt5 are remevmd on an IgoIng basbs. Re61)n5 to accounting estimates are recognised in the perKJd in which the estimate is remsed where the revision affects ClY thal period, or in Ih6 period of Ihe r8vision and future periods where ihe r6Msion affects both current and future p8riod$. Don•tion• •nd1og•¢le• UnThstrlct•d Unre51ricted fund• lunds 2023 2022 Donats"on$ and gffts Membership fees 120,073 1(,832 200
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 In¢om• from othol tr•dlng aetl¥lll•s Unr••tricted Unre•tri¢t•d lund• fund• 2023 2022 Fundraising evtrnls Shop incom• 35,892 64,518 Other trading actiwl 37,891 64,518 Incom• from InvMlm•nts UnY••trbct•d Unmtrfct•d fund• fund¥ 2023 2022 R•nlal incoffle Interesl rtteivab 2,661 2,320 2.688 2,320 exp•ndlturn on rnl•lng lund• Unrn*tri¢t•d Unrn•trlet•d lund• funds 2023 2022 Fundr•l8lng and publlclty Staging fundraising events 1,880 602 Trndlng ¢Mts Operaling charty shops 13.722 11.870 Totsl ¢osts 15.602 12.472
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Exp•ndltuv• on ¢harIlab actlvltl•s Heading
ac982
2023 Heading
ac982
2022 Dlr•Gt Gost• Depreciation and impaiffi*nl Lighl and heat Repai¥s and maintenance Insuranc Motor vehldfr expenses Telephone Othef office costs Olhef inleresl pay•bl8 A¢counlan¢y Cleaning Equipmenl hire Legal and professne1 16.593 5.867 22,319 4.421 2.619 14,469 19.820 4,264 1,447 413 10,357 1,309 570 6,858 1,907 1,923 8,422 2.536 4,342 1.260 89,635 63,137 Analy858 by lund Unreslricled funds 69,635 63,137 Tru4t• None of the trustees lor any pern$ nnected wilh thom) re1¥•d any r•munwation or bongfits from Ihg charity during the year. Employ• The average monthty numbef of emF4tsyees during Ihe year was.. X123 Numb•r 2022 Number 11 10 There w•r8 no employws whose annual remunerabon was moro than £60,0. R•mun•rntSon of k•y m•nag•m•nt p•rnonn•l The remuneration of key management personnel is as folhy•ts. 10 Taxatbon Thè ¢harty is exempt from talOn on its aclNihes be¢ause 011 it$ ino)me 1$ applied for ¢haritable purposes. 10-
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 11 Tangible fix•d Flxtww 4nO Eqylpnni Total rtK4Gts Co•t Al 1 April 2022 Addrtions 195.927 43,684 34,700 12,132 13,766 33.250 288,077 45,382 Al 31 March 2023 195.927 43,684 46,832 47,016 333,459 D•pr•clitlon and IMpalmnt Al 1 Aprsl 2022 Depreaalion ¢harg¢d in th• year 8.883 4,077 11.627 10.683 5.422 1.320 2,285 30,513 16,593 Al 31 March 2023 10.960 16,436 16.105 3,60S 47,108 C•rrylng *mount Al 31 Mar¢h 2023 184.967 27,248 30,727 43.411 286,353 Al 31 March 2022 189.044 32.057 24,017 12.445 257,583 12 Loan• and ov•rdr¥lts 2023 2022 Bank overdrafts Bank loans 450 24.319 7.250 7,250 24.769 Payable within one year Payable after on& year 3,993 3,257 4,443 20.326 13 Credltorn: •mounts hlllng du• wbthln on• y••r 2023 2022 Bank loans and overdrafts Trade credrtors Other ¢redrtors 12 3.993 18.960 8.201 4,443 4,148 7,580 31,154 16,171 11
MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 14 Cr•dltors: amounts falllng aft•r morn than y••r 2023 2022 Bank loans 12 3,257 20,326 16 Unmtrlet•d lund• Th• unrg$lri¢t¢d fvnds ol ¢hority ¢c4nwis& tho uxpertd baLAnces of donatn8 and grants which are nol subject lo specifi¢ ¢ondrtions by donors and grantors a5 to how they may be used. These indude dtsignated funds which have beeA Set aside out ol unresthcted lunds by Ihe iwslees for specific purposes. At 1 Aprfl 2022 Incomlng r•8oure•s R••oure•¥ At 31 Mar¢h èxp•ndod 2023 General funds 235,410 180.632 {85,23n 310,60S Pr•¥lou• y•ar At l Aprll 2021 Incomlng R•¥our¢•• At 31 ltsrch r••our¢ •xp•ndod 2022 Gener fvnd$ 137.149 173,870 (15,6091 235,410 16 R•l•t•d party tr4n••¢tloM There wère no di8igosablè rtlattd party transactitins during the yoar12022- none). 12-