2021-09-30-accounts - The Aston Martin Heritage Trust

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						Page
Reference and Administrative		Details ofthe Charitable	Incorporated	Organisation,	its	1
Trustees and Advisers
Chairman's Statement
Trustees' Report						3-7
Independent Examiner's	Report					8-10
Statement of Financial Activities
Balance Sheet						12
Statement ofCash Flows						13
Notes to the Financial Statements						14 - 29

REFERENCE AND	ADMINISTRATIVE DETAILS OF	ADMINISTRATIVE DETAILS OF	ADMINISTRATIVE DETAILS OF	THE CHARITABLE INCORPORATED
	ITSTRUSTEES AND ADVISERS
	FOR THE	YEAR ENDED 30SEPTEMBER 2021
Trustees	Mike Abbott
	Tim Cottingham
	Mark Gauntlett
	Nicholas Hewitt (resigned			1 December 2021)
	Marek Reichman
	Rob Smith, Chairman
	Garry Taylor, Treasurer
	August von Joest
	John Warden
	Tom Westley
Charity registered
number	1182793
Principal office	Drayton St Leonard
	Wallingford
	Oxfordshire
	OX107BG
Secretary	Donna Bannister
Accountants	James Cowper	Kreston
	Chartered Accountants
	2 Communications		Road
	Greenham Business Park
	Greenham
	Newbury
	Berkshire
	RG19SAB
Bankers	HSBC
	44 Upper High	Street
	Theme
	Oxon
	Oxg 2DW
	Barclays Bank	Pic
	Abingdon
	Oxon
	OX25 1UB
Solicitors	Helen Harvey,	Charity Consultant
	Barlow Robbins	Solicitors
	The Oriel
	Sydenham Road
	Guildford
	Surrey
	GU1 3SR

				Restricted	Unrestricted	Total	Total
				funds	funds	funds	funds
				2021	2021	2021	2020
			Note	F	E	5	5
Income from:
Donations and	legacies:
Donations					12,271	12,271	7,527
Grants					15,'I 43	'i5,143
Subscriptions					155,774	155,774	205,365
Donated Services					23,400	23,400	35,100
Charitable activities					53,961	53,961	54,218
Other trading activities					14,893	14,893	18,524
Investments					12	12	429
Total income					275,454	275,454	321,163
Expenditure on:
Raising funds					11,849	11,849	11,971
Charitable activities				3,372	249,973	253,345	343,678
Total expenditure				3372	261,822	265,194	355,649
Net movement	in funds			(3,372)	13,632	10,260	(34,486)
Reconciliation	offunds:
Total funds brought		forward		5,365	842,811	848,176	882,662
Net movement	in funds			(3,372)	13,632	10,260	(34,486)
Total funds carried		forward		1,993	856,443	858,436	848,176

					2021		2020
			Note		8
Fixed assets
Tangible assets			16		13,181		19,996
Heritage assets			17		547,220		544,985
					560,401		564,981
Current assets
Stocks			18	7,006		10,785
Debtors			19	74,226		56,051
Cash at bank and in hand				238,383		241,107
				319,615		307,943
Creditors: amounts	falling	due within one
year			20	(6,580)		(5,748)
Net current assets					313,035		302,195
Total assets less current		liabilities			873,436		867,176
Provisions for liabilities			21		(15,000)		(19,000)
Net assets					858,436		848,176
Total net assets					858,436		848,176
Charity funds
Restricted funds			22		1,993		5,365
Unrestricted funds			22		856,443		842,811
Total funds					858,436		848,176

			STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
		FOR THE YEAR ENDED 30SEPTEMBER			2021
						2021	2020
					Note	6	6
Cash flows from operating		activities
Net cash	used in operating	activities			25	2,148	(18,751)
Cash flows from investing		activities
Dividends,	interests and rents from investments					12	429
Purchase	oftangible fixed assets					(2,649)	(21,716)
Purchase	of heritage assets					(2,235)	(137)
Net cash	used in investing	activities				(4,872)	(21,424)
Change in cash and cash		equivalents	in	the year		(2,724)	(40,175)
Cash and	cash equivalents	at the beginning		ofthe year		241,107	281,282
Cash and	cash equivalents	at the end ofthe year			26	238,383	241,107
The notes	on pages 14to29form part		ofthese financial statements

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	5	F	6
Donations	12,271	12,271	7,527
Subscriptions	155,774	155,774	205,365
Grants	15,143	15,143
Donated services	23,400	23,400	35,100
	206,588	206,588	247,992
Total 2020	247,992	247,992

				Unrestricted	Total	Total
				funds	funds	funds
				2021 6	2021f	2020 6
	Research fees			6,335	6,335	6,207
	Archiving			8,362	8,362	10,436
	Educational	events		35,915	35,9'l5	27,539
	Museum income			3,349	3,349	10,036
				53,961	53,961	54,218
	Total 2020			54,218	54,218
6.	Income from other trading		activities
	Income from fundraising		events

			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			6	E	F
	Advertising		2,600	2,600	3,865
	Merchandising		12,293	12,293	14,659
			14,893	14,893	18,524
	Total 2020		18,524	18,524
7,	Investment	income
			Unrestricted	Total	Total
			funds	funds	funds
			2021	2021	2020
			F	6	E
	Investment	income	12	12	429
	Total2020		429	429

Unrestricted	Total	Total
funds	funds	funds
2021	2021	2020
F	6	E
12	12	429
429	429

				Restricted	Unrestricted
				funds	funds	Total	Total
				2021 6	2021 f	2021 E	2020f
Educational	events				30,794	30,794	28,360
Archiving					32,099	32,099	60,647
Museum costs					13,748	13,748	20,753
Journal expenses					30,794	30,794	21,582
Support costs				3,372	142,538	145,910	212,336
				3,372	249,973	253,345	343,678
Total2020				5,052	338,626	343,678
Summary	by expenditure	type
			Staffcosts	Depreciation	Other costs	Total	Total
			202'I	2021	2021	2021	2020
			6		6	8	6
Educational	events				30,794	30,794	28,360
Archiving			22,801		9,298	32,099	60,647
Museum costs					13,748	13,748	20,753
Journal expenses					30,794	30,794	21,582
Support costs			51,619	9,464	84,827	145,910	212,336
			74,420	9,464	169,461	253,345	343,678
Total 2020			107,383	18,610	217,685	343,678

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021 6	2021 6	2021f	2020 6
Office expenses				9,177	9,177	8,732
Insurance costs				10,538	10,538	12,994
Website and	IT	costs		7,725	7,725	6,486
Salaries				51,619	51,619	69,620
Travel and meeting costs				71	71	2,023
Rent				33,053	33,053	47,170
Miscellaneous				651	651	2,078
Repairs				2,695	2,695	2,954
Motor costs				2,652	2,652	5,196
Irrecoverable	VAT			4,904	4,904
Bad debt written		off		43	43	5
Bank charges				628	628	1,568
Licences						2,150
Consultancy						17,750
Governance	costs			12,690	12,690	15,000
Depreciation			3,372	6,092	9,464	18,610
			3,372	142,538	145,910	212,336
Total 2020			5,052	207,284	212,336

	Unrestricted	Total	Total
	funds	funds	funds
	2021	2021	2020
	E	F.	6
Accountancy fees	12,250	12,250	13,795
Legal fees	440	440	1,153
Trustee costs			52
	12,690	12,690	15,000

					2021	2020
					6	F
Fees payable	to the Charitable	Incorporated	Organisation's	independent
examiner for	the independent	examination	ofthe Charitable	Incorporated
Organisation's	annual accounts				2,200	2,200

			2021	2020
			6	6
Wages and	salaries		66,692	101,106
Social security costs			6,458	4,077
Contribution	to defined contribution	pension schemes	1,270	2,200
			74,420	107,383

2021	2020
No.	No.

	Motor	Fixtures and	Office
	vehicles 5	fittings 5	equipment f	Total 6
Cost or valuation
At 1 October 2020	13,495	119,886	33,661	167,042
Additions		2,649		2,649
At 30September 2021	'I3,495	122,535	33,661	169,691
Depreciation
At 1 October 2020	7,995	110,755	28,296	147,046
Charge for the year	1,380	4,712	3,372	9,464
At 30September 2021	9,375	'I15,467	3'I,668	156,510
Net book value
At 30September 2021	4,120	7,068	1,993	13,181
At 30September 2020	5,500	9,131	5,365	19,995

											Heritage	Heritage
											motor
											vehicles		Archives	Total
												2021 5	2021f	2021 5
Carrying	value at 1 October			2020							409,819		135,166	544,985
Additions													2,235	2,235
											409,819		137,401	547,220
Analysis	ofheritage		asset	transactions
							2021 8		2020 f			2019 F	2018 f	2017 8
Additions
Archives							2,235		137			292	1,277	1,963
Total additions
							2,235		137			292	1,277	1,963
A8 additions		were	purchases		or	in	the	case of vehicles,			capital	costs	of restoration.	Items and
memorabilia		donated	to the	collections			have been included			at	Eng value as in		the opinion of	the Trustees
obtaining	separate valuations			would		be	disproportionately		expensive.
Stocks
													2021 6	2020f
Closing merchandise			stock										7,006	10,785
Debtors
													2021	2020
													F	E
Due within one year
Trade debtors													10,820	8,874
Other debtors													786
Prepayments		and accrued income											62,620	47,177
													74,226	56,051

		2021	2020
		E	8
Trade creditors		3,000	838
Other taxation and social security		1,100	2,299
Other creditors		280	411
Accruals and deferred	income	2,200	2,200
		6,580	5,748

	Car register
	E
At 1 October 2020	19,000
Adjustment	(4,000)
	15,000

Stateme	nt of	funds - current year
						Balance at
			Balance at 1			30
			October			September
			2020	Income	Expenditure	2021
			5	5	5	E
Unrestricted		funds
General	Funds		842,811	275,454	(261,822)	856,443
Restricted funds
Museum	display cabinets		5,365		(3,372)	1,993
Total of	funds		848,176	275,454	(265,'I 94)	858,436
Statement of		funds - prior year
						Balance at
						30
			Balance at			September
			1 April 2019	Income	Expenditure	2020
			5	5		F
Unrestricted		funds
General	Funds		872,245	321,163	(350,597)	842,811
Restricted funds
Museum	display cabinets		10,417		(5,052)	5,365
Total of	funds		882,662	321,163	(355,649)	848,176

Summary	offunds - current year
					Balance at
		Balance at 1			30
		October			September
		2020 6	Income f	Expenditure 6	2021f
General funds		842,8'I 1	275,454	(261,822)	856,443
Restricted	funds	5,365		(3,372)	1,993
		848,176	275,454	(265,194)	858,436
Summary	offunds - prior year
					Balance at
					30
		Balance at			September
		1 April 2019 6	Income 5	Expenditure F	2020f
General funds		872,245	321,163	(350,597)	842,811
Restricted	funds	10,417		(5,052)	5,365
		882,662	321,163	(355,649)	848,176

Analysis	ofnet assets	between funds - current	year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2021	2021	2021
			E	6	6
Tangible	fixed assets		1,993	11,188	13,181
Heritage	assets			547,220	547,220
Current assets				319,615	319,615
Creditors	due within one year			(6,580)	(6,580)
Provisions	for liabilities	and charges		(15,000)	(15,000)
Total			1,993	856,443	858,436

Analysis	of net assets between funds -prior ye	ar
		Restricted	Unrestricted	Total
		funds	funds	funds
		2020f	2020 5	2020f
Tangible	fixed assets	5,365	14,631	19,996
Heritage	assets		544,985	544,985
Current assets			307,943	307,943
Creditors	due within one year		(5,748)	(5,748)
Provisions	for liabilities and charges		(19,000)	(19,000)
Total		5,365	842,811	848,176

													2021	2020
													6	6
	Net income/expenditure			for	the	year	(as		per	Statement	of	Financial
	Activities)												10,260	(34,486)
	Adjustments for:
	Depreciation charges												9,464	18,610
	Investment income												(12)	(429)
	Increase in stocks												3,779	(273)
	Decrease/(increase)		in	debtors									(18,175)	8,622
	Increase/(decrease)		in	creditors									832	(10,795)
	(Decrease) in provision												(4,000)
	Net cash provided	by/(used			in) operating			activities					2,148	(18,751)
26.	Analysis ofcash and			cash equivalents
													2021	2020
													E	5
	Cash in hand												238,383	241,107
	Total cash and cash		equivalents										238,383	241,107