Charity registration numb•r 1179982 Company rngistration num￿1 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 $tatèmÈnls and compty vnth the charty's tgoveming doujmenll, the Companies Act 2C#)8 an¢J-Accounting and Reporting by Charities.. Statemenl of Reo)mmended Practice ap￿1¢ab￿ to Charit￿$ 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 SaTh￿l¢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 aChieve￿nIS 8gwnsl ob￿cfvvoS 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 IRe*yr*d 2 March 2023) R￿￿tIment 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 pu￿SeS 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 eligi￿e for independent examtnation. l Teport in respect ol my examination ol the charity'$ finaneial stat8m8nls carried oul under section 145 of the Charit￿3 Act 2011 (the 2011 Acll. In carying out my ex8minalion I have foll￿9￿ all the applicable Directions given by the Charity Commi55ion under ¥ection 145lSllb) of the 2011 Acl. Ind•p•nd•nt •x•mln•rfi *t*t•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 ac￿rd 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 con￿rn3 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 re￿rdS 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 HOw￿tt 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 Charrt*s 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 pTe￿rtd w) slerh"ng. whth is thè luntA￿￿1 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 approv￿9 the financial slalemgnt$, th• trUSt￿S 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 Charft*bl• 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 entil￿d 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 cOndrt￿n$ 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 r￿l3bty. Ex￿ndItUre 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 al0￿18￿ 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$. 1.7 Imp*lmwnt offlx•d a*s•ts At each reporting end date. chafity reviews the carryir4J amDunts of ils tangib18 assets to determinè whether there is any indicalion Ihat Ih05e assets have suffewd an Impalm￿nI loss. If any such Ind￿at￿n exists, the recoverable amount of the a55el is esbmated in tsrdei lo d¥lem)ine thè èxtènt of the impairment loss lif any). 1.8 C••h •nd ¢a•h •qulval•Trts Cash and cash equivalents in¢lud8 ¢ash in hand, dèposits held al cal with banks. other shorklerm liquid invastrnents wilh original malunbe$ of Ihw months or ￿$s, and bank overdrafts. Bank overdrafts are shown within borrowings in currenl liabilities. 8•$1¢ fin•n¢lal •ss•ts Basic finanaal assels. whi¢h inc4ude debt0￿ and eash and bank balances, are initially measured at transaction price induding trans3ctK)n ¢osls and are SubS￿u&n1IY carried at amortised cost using the effective inleresl method unless the arrangemenl constrtutes a finanan9 transaction, whefe the transaction is measured at Ihe presenl value of the ttAure Teceipt5 dis¢ouni¥d at o math•t fat• ol intor•sl. Finanaal assets c4assified as r•ceivable wilhin one year are rKJt amortised. MANSTON HISTORY MUSEUM NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 Accounting policlo• Icontinuedl Basic fiftan¢i•l liabilili•s 8asic financial liabililies. in¢ludin9 ejedrt0￿ and bank loan$ 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 dassffj￿d a8 payable within one year a￿ not amortised. Debt in$trum8nls are subseqLtenity canied at amortised cost. using the eff•di¥• inlerest rate method. Trade ¢redilofs ar• obli9ations to pay for goods or se￿¢￿S that have aequired in th8 Ordin￿ coursè ol operalions from Sup￿181$. 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 l￿bIlitI¥$. Tr¥