THE CENTRE FOR MAIDENHEAD HERITAGE
TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

THE CENTRE FOR MAIDENHEAD HERITAGE
TRUSTEEY REPQRT FOR THE PERIOD ENDED al MARCH 2022
The TrLtstees present their report and the financial statements for the period 25 January 2021 to 31 March 2022.
The Centrè for Maidenhead Heritage 15 an Association Charitable Incorporated OrBani5ation ICIOI Tegistered with
the Charity Commission. It was registered on 25 January 2021. Following a vgte by members of Maidenhead
HeritageTrtJst in 2019 the CIO was created in orderto assume re5ponsibilityfor the actlvities of the Trust. which was
an unincorporated body.
This is the first report and financial statements for the CIO and they cover the period from incoTpor3tion to its first
accounting date. 31 March 2022.
Oblèrtlves and activltles
The purposes fr)r which the charity was set up are.. to advance the education of the public by Pr￿lding a heritage
museum for the exhibition to the public of objects, documents, photographs and other item5 connected wth the
history of Maldenhead and its surrounding districts.
The principal activities undertaken by the charity a￿..
providing physical ac￿5$ to thè museum to members and the general public and to the collections.
providin8 online access to an extensive ¢atalogue of historical documents and artefacts;
givtng talks and presentation5 to interested groups, especially s¢hools'
presenting the history of the Air Transport Auxiliary IATA), whid) has a lon8 association Mth nearby white
Waltham.
Throughout, the trustees have had due regard to thè guidance i55ued by the Charity Commission on public benefit.
We rely heavlly on the input of a band of volunteers Without whc+m the museum wovld have to cease to operate.
We ore extremely grateful for all the supportthey provide. They assist us In multiple ways, includin8:
setting up and dismantling exhibits.
manning the museum on a daily basSs.'
answering queries;
handllng sale5 through our online shop and the museum shop;
running the ATA gallery and the Spitflre simulator- and
assisting wlth bookkeeping and accounts.
We employ two part-tlme staff, a manager/administrator and a curator. We also owe them a debt of thanks for all
their efftirts.
Achievements ard ptrformanee
To some extent, the ongoing effects tsf COVID conlinue to have an impact. However, we have been ablè to keep the
museum open and welcome visitors whenever it is open. We believe it is important that heritage is not forgotten
and we contSnue to provide acces5 to a wealth of information and historical artefacts for the benefit of all of our
visitors and, via our website, thè wider world. In particular, we know how much people outside the UK particularfy
appreciate access to the ATA archlve because many of the pilots who were in the ATA came to Britain from overseas
during the Second World War.
We also re￿1ve requests for access to the archive for televlslon pro8rdmmes and for re5earth purposes.
Thespitfire simulator, part tsf theATA gallery, branded a5Grandmo Flewspitfires. contlnues to be extremely popular
with people of all ages and visitors from abroad.

THE CENTRE FOR MAIDENHEAD HERITAGE
TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2022
Financlal review
Although the Ènclosed financial statements cover the period from 25 January 2021 to 31 March 2022, the CIO only
took over operations from Maidenhead Heritage Trust on tst October 2021, so the financial results arè for the six
months to 31 March 2022. In 8eneral, visitor numbers are increasin8 sieadilv.
the SOFA shows, our principal source5 of income are donations. cuItUTal and educaticfial attivities, and physical
and online shop sales. Apart from a Covid support Brant fjnanced by tentral govemmenL we no longer reteive a
grantfrom the local authority.
As explained more fully in the notes t¢ thè accounts, these flnancial statements reflectthe day-to-day operatlon5 of
the museLEm the CIO has taken over from the Heritage TrusL The museum operates from freehold premises at 18
Park Street, Maidenhead purchased by Maidenhead Heritsge Trust with the help of a Loan Grant from the Baylis
Trust. whith is secured on the property. The formal legal processes of transferring the property to the CIO and of
replacing the Loan Grant to one made to the CIO have not yet been completed and, accordingfy, these accounts do
not include the property or the loan. Reserves equivalent to the net equity position in the property have also not
been transferred but will be once the legal formalities have been tompleted. The book value of the property as at
l October 2021 was £700,561 and the Loan Grant is £455,OW. so the net figure of reserves Still held by theTrustees
of Maidènhead Herita8e Trust is £245.561. The loan is Interest-free. Excluding the property and the loan. the
balance of reserve5 totalling some £94.888 was transferred from the Maidenhead Heritage Trust with effett from I
ortober 2021 and at 31 March 2022 they have fallen to £94,742. so there was a net deficit for the period of £146.
rall, no reser￿ were in deficit at the period end.
We do not have a specific policy determinin8 thè level of ￿erVeS that we should hold but we are always conscious
to keep aftnual expenditure within income where at all possible.
The accounts have been prepared on a going con￿rn basis. Thi5 assumes that the freehold property and the
associated Loan Grant can be transferred to the CIO. The Loan Grant will be repayable by December 2026. If we
are unable lo rep3y the103h in the meantime, the property rnay have to be sold to repay the loan
The principal risks facin8 the charity currently are..
whether we will be able to repay the Loan Grant from the Baylis Trust by December 2026- and
difficulties raising funds at a time when people's incomes are under pressure due to the tost-of-livin8 crisis.
To address these risk5 we need to undertake a majorfvnd raising initiative.
Structure. governance and mana8ement
The CIO is governed by a Constitution adopted on 25 January 2021.
The Trustees are all members of the CIO but as an Association CIO we have members other than the Trustee5. The
liability of all members in ihe event of the CIO havin8 to be wound up is zero.
In selecting new t¥ustees we endeavour to broaden the boards business and charitable experience as much as
Possible. Members or existing trustees can appoinl trustees. There must be at least three trustees at all times and
no rnore than 12. One-third of trustees must retire from office at each annual general meeting and may stand for
re elertion.
Reference and admlnlstrallve detalls
The charity operates the Maldenhead Heritage Centre and as the Air Transport Auxiliary mu*um and gallery.
The re8iStered tharity number is 1193240. The CIO is registered in En8land and Wales.

TrIE CENTRE FOR MAIDENHEAD HERITAGE
TRUSTEES, REI>ORT FOR THE PERIOD ENDED 31 MARCH 2022
Our principal address is.. Maldenhead Heritage Centre, 18 Park Street, Maidenhead SL6 ISL.
Trust•8s
The names of the charity Trustees, who were appointed on 25 january 2021 and who were in offite throughout the
period since incorporation are:
Christopher Hobbs Iresi8ned 12 February 20241
Christopher Krol (resigned 21 March 2023
Alan Mellins ICh3irmanl
Richard Poad MBE
artin Sandford Iresigned 16 july 20241
Stewart Whlte (appointed 12 July 20231
Richard Poad is one of five people who hold the legal title to 18 Park StreeL along with lour former trt￿tee5 of
Maidenhead Heritage Trust. They have held the title since the property was acquired. A5 explained abDve, steps are
being taken to transfer legal ownership to the CIO.
TheTrustee5 de¢lare thatthey have approved the Trustee< rèport above
S￿Ded on behalf of the charl￿S Trustees
A Mellins, Chairman

THE CENTRE FOR MAIDENHEAD ￿ERITAfjE
STATEMENT OF FINAKIAL ACTMTIES F&R THE PERtOD ENDED 31 MAR¢H 2W
Funds
FuThJs
INCOMING RFSOilllCES
Donalon5 and hgatie
Sub3cription$
CuiwralAndedur*tion81
9.S35
1.030
6.624
6.511
2,511
othortradlnpacl￿￿e9
1,991
23.180
RESOURfES KXP£NDED
Expenaiiure rn..
Raiwngfunds
2.010
11.229
2,800
7.875
2.010
13,015
1.780
Legal fee¥
Supportcosts
337
8,012
23,714
NET tNCOME
TRANSFERS 8ETIIEEN FUTr
NEF ￿ENTDF FUNDS
TRANS￿RRED FROM MIJDENHEAD HERITAGE TRUST
CIOSING 8PLANCE
15341
114fj1
15341
87.488
66.954
{1461
27.768
94.742

THE CENTRE FOR MAIDENHEAD HERITAGE
BALANCE SHEET ASAT31 MAACH 2022
NOTES
AXED ￿E[s
Orher Fly￿ Assets
4,858
4,858
CURREFItASSETS
stock
Oebtor5 and prepayment5
Cash* bankand in hand
1.924
2,806
85,518
90.248
CURREpif u￿lL1r1Es
Creditctrs and accruals
13641
89.884
94.742
NEfcuRRENfASS
TOTALASSEIS LESsCuRRE￿ UABILMES
NEfASSErs
94.742
UNRESTrICTED FUNDS
Accumulated fund
Transferred from Maidenhead Heritsge Trusr
Movement forthe period
Closing
67,488
15341
66,9Y
RESTRicfED IUNDS
Transferred from Maidenhead Heritage Trust
Movement forthe period
Closin8bakn(o
24,708
725
A33
RESTRICTED CAPITALFU14DS
Transferred frorn Maidenhead Heritage Trusr
Movemeni forthe period
Closlngtsbn
1692
13371
1355
TOTAL FUNDS
94.742
Approved bytheTrLtstees on 28Au8USt 2024 ènd si8ned ontheir beha￿￿..-
A Mellins. Chairman

THE CENTRE FOR MAIDENHEAD HERITAGE
IKITES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERiOD ENDED 31 MARCH 2022
ACCOUNTING POLICIES
lal These financial ststements have bèen prepared under the historical ¢ost convention with items recoBnised 3t cost
or transaction value unless otherwise stated in the relevant notelsl to these accounts and In accordance with the
Statement of Recomrnended Practice.. Aryounting and Rèporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland1SORP FRS 1021
issued on 16 July 2014 and with the Charities Act 2011. Figure5 are stared in pounds sterling. The tharity h35
tsken advanta8È of the provisions in the SORP (update bulletin 11 not to prepare a Statement of Cash Flows. The
Centre for Maidenhèad Heritage meets the definition of 3 public benefit entity under FRS 102.
Ibl The accounts have been prepared under the golng concern basis, whlch is considered appropriate for the time
being.
Icl These staternents are for the period from the date the Charity was registered with the Cha¥ity Commlsslon 125
January 20211 to 31 March 2022. The Charity took over the operations of Maidenhead Heritage Trust wth effect
from l O¢tober 2021 so the financial results reported are for the six month5 ended 31 March 2022. As described in
Note 2, the only depèrture from this is that the freehold property. 18 Park Street, Maidenhead, from which the
museum operate5, is not reflected in these figures because legal title to the property and a new grant of the Loan
from the Baylis TrusL which is to be secured on the property and which was US￿ to help purchase the property
oriwnalty, have not yel been transferred into The Centie for Maidènhead Heritsge.
Idl Where funds are received for dedicated purposes they are allotated to funds according to the resirictions placed
on them by the donor or payer.
lel Depreciation 15 provided at the followin8 annual rates in order to write off each a$5et over its estimated
useful life. Individual items under £SCQ are expensed in the yèar acquired.
Equipment
Artwork
TV & Radio
Webslte
25%
25%
25%
33.3%
Reducing balance
Reducing balance
Reducing balance
Reducin8 balance
lfj Income is recogni5ed in the Statement of Finantial Activities ISOFAI when the charity lil becomes entitled to the
resources, lill it is more likely than not that the trustees will receive the resources and Iliil the monetary value can
be measured with sufficient reliability.
IBI Donated 8oods and services are not recorded in the accounts betause of the diff5cu￿leS assessing their falr value
and because the time and effort to do so would be disproportionate.
Ihl liabilities are reco8nised where it is more likely than not that there is a legal or ronstruttlve obligation committing
the charity to pay out ￿sourceS and the amount of the obligation can bè measured with reasonable certainty.
111 The Centre for Maidenhead Heritage is not liable to tsx on it5 income or 8aiMs as these are aPpl￿d for charitable
purposes.
Ill Shop st￿k is valued at the lower of cost and net realisable value.

THE CENTRE FOR MAIDENHEAD HERITAGE
NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022
INCOMING RESOURCES
2022
Charitoble cultuml and educotlonalartivities..
Grandma Flew Spitfire Simulator and ticket sales
Talks
River trips
School visits
4.803
1,309
1291
541
Graftts
RBWM Covid 5UPPOrt
Kickstart employment support grant
4,000
RESOURCES EXPENDED
2022
Rolslnqfvnd5:
Goods for resale
Advèrtising
Marketin8
1,365
495
150
StoJf tosts..
Wages and salaries
Employerfs Nl
Defined contribution scheme pension contribtrtions
12,895
120
Supyttosts..
Recruitment
Property costs
Volunteer expenses
Print. post and stationery
Telephone
Equipment repairs and maintenance
Bank charges
Credit card and Paypal charges (including rental and support fee51
Subscriptions
Internet and website
Dep￿lation
Miscellaneous
310
2,882
74
507
349
515
64
593
1,081
696
96
All resour¢es expended ultimately relate to running our charitable acttvities.

THE CENTRE FOR MAIDENHEAD HERITAGE
NOTES TO AND FORMING PART OF THE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 202Z
4 TANGIBLE FIXED ASSETS
Radlo
Total
Cost
Trdn5ferred from Maidenhead Herita8e Trust
Additions
At 31 March 2022
125,042
2,592
600
131,714
2 2592
13
Depredatlon
Transferred from Maidenhead Heritsge Trust
Char8e for Period
At 31 March 2022
3,480
119,488
696
2,592
126.160
480
126 856
Net Book Value
Transferred from Maldenhead Heritage Trust
At 31 March 2022
A5 explained above, the freehold property from which the museum operates has yet to be transferred to TCMH and so
has Trot been reflected in these accounts because the legal title has yet to be traftsferred. This pro¢ess Is underwav.
LOAN GK4NT
The Louis Baylis Maidenhead Advertiser Trust lent the Trustees of the Maidenhead Heritage Trust £455,000 to help
finance the pur¢h35e and refurbishment of 18 Park Street, Maidenhèad. Liability has not yet been forrnally transferred
to The Certtre for Maidenhead Heritage but the legal process is underway. Repayment of the loan is to be extended to
December 2026. The loan will be secured on the freehold property when that has been transferred to the CIO. The
loan must be repaid in full on the earliest of.. the charity ceasing busine55, the property being sold or December 2026.
6. RESTRICTED FUNDS ANALYSIS
Brought
Forward
Added
in period
Change
in period
Carried
forward
Restricted capital fvnds
Grandma Flew Spitfirés Exhibit
Other restrlrted funds
Grandma Flew Spitfires Appeal
Lobby
Other
Kltkstart grant
TOTAL
15.167
S.859
3,682
15,167
5,859
3,682
725

THE CENTRE FOR MAIDENHEAD HERITAGE
NOTES TO AND FORMIMG PART OFTHE ACCOUNTS FOR THE PERIOD ENDED 31 MARCH 2022
7. TRANSFER OF UNDERTAKING FROM MAIDENHEAD HERITAGE TRU
In furtherance of a resolution passed by the members of Maidenhead Heritage Trust ai their 2019 Annual General
Meetin& The Centre for Maidenhead Heritage IYCMH") was Created as an Association Charitable Incorporated
Organisation. and approval of the Charity Commission to transfer operations to the CIO from the Maidenhe4d Heritage
Trust was obtained. On 30 September 2021 the Trust Trased day-ttrday operations and at midnight on that day the
operations were transferred to TCMH.
The Herits8e Centre's operation5 have continued unchat)8ed and TCMH has assumed the all but one of the liabilities of
Maidenhead Heriiage Trust. At the time of this report the legal tltle in the freehold property from which the char
operates and the assignment of the LDan Grant from the Baylis Trust are still in the course of being transferred, subjett
to final a8reement of terms and regulatory approval.
Although Maidenhead Heritage Trust is to be wound up in due course, no adjustment to the ¢arryingvalue5 of the assets
or liabillties in these financial statements is considered to be netsssary as the transfer to TCMH has been arranged t¢
allow the Centre to continue operate unchanged.
The employees of the Trust have been transferred to TCMH under the Transfer of Undertaking5 (Protection of
Ernploymentl Regulations and members of Maidenhead Heritage Trust have become members ofTCMH. The liability of
members to contribute to the CIO'S liabilities in the event of a windlng up Is capped at zero, underthe Constitution.
8. TRUSTEES. EXPENSES AND BENEFITS
N¢trne of the trustees received any remuneration or beneffts in the period. Any expenses that were reimbursed were all
for acting as agènt for the CIO.
9. EMPLOYEES
The average number of employees in the period wa5 2.
10. PENSIONS
The CIO provides a defined contribution pension scheme for eligible employees. Contributions are paid as they fall due
and are held in separatety administered funds.

THE CENTRE FOR MAIDENHEAD HERITAGE
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CENTRE FOR MAIDENHEAD HERITAGE
I report lo the trustees on my examination of the financial statsm8nls of The Centre For M8Klenhe8d Heritage {Ihe
¢harityl for the year ended 31 DeGernber 2022.
Responsibilitles and basis of report
As the Iruslees of the charrty you ar8 responsible for th8 preparation of the financial statements in accoidance with
the requirements of the Gharf(iesAct 2011 Ithe 2011 Acti.
I report in respect of my examination of the chgrity's financial statements Garried ¢xrt under section 145 of the 2011
Act. In carrying out my examination I have followed all the applicable DirectK)ns given by the Charity C¢Jmmi88ion
under section 14515}Ibl of the 2011 AGt.
Independent examinefs slalement
I have comF4eted my examinab'on. I confimi that no matters have come to my attention in Connecti￿ with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by se¢tion 130 of the 2011 Act- or
the finanaal statements do not accord with those record5," or
the financial statements do not Comply with the applicable requirements conceming the form and content of
accounts sel out In the Charrties (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a true fair view which is not a matter considered as part of an I￿ependent examination.
I have no concerns and have come across no other matters In connection wlth the ex￿InatIon to which attention
should be drawn in thi5 report in order lo enable a proper understanding of tha financial stslements to be reach9d.
Paul Fagan FCCA
Craufurd Hale Audlt SoNlcgs Llmltad
CIO Craufurd Hal8 Group
Ground Floor, Arena C¢yJt
Crown Lane
MAIDENH&4D
SL6 8QZ
Dated.. 28 August 2024