## **The Helicopter Museum – Chairman’s Report November 2025**
It has been another strong year of trading with visitor numbers and income on par with the previous year. A successful diary of special events has funded the completion of the Weston Aviation Heritage Hangar and numerous site improvements.
The Weston above hangar has been completed this year with the electrics, lighting, access ramps and flooring all completed. The first displays have also been installed along with perimeter frieze artwork and a themed cinema. We plan to open by Easter 2026 once the allocated aircraft have been successfully moved across into their new home and we are currently looking for a celebrity to officially open the attraction.
Site improvements undertaken this year include new permanent displays in our Visitor Services Building, the re-surfacing the disabled car park, the overhaul of our on-site electrics, new boilers for the public toilets and several alterations to our displays.
A new children’s trail has also been created to better engage the collection with our younger visitors.
The restoration of the H-21 has made good progress and the restoration of the Royal Flight Whirlwind is now very near completion.
New acquisitions this year are the Westland Sea King HAS MK.6 - ZA133, an RAF 2000 GTC SE FI autogyro and a MD902 Explorer NOTAR Helicopter.
The disposal this year, which has been sold from our surplus airframe collection, is the Westland Wessex - G-ATBZ.
New appointments / staff changes are Chris Kelly taking over from the departing Visitor Services Supervisor. Caitlin Stokes joining as a Museum Assistant and Jessica Porter being promoted to Business Manager following the retirement of Wendy Cowlin after 35 years plus of loyal service to the museum. Wendy was awarded a suitable retirement gift.
Following last year’s independent Governance Review, the Trustees made the decision to change the legal name of the Museum from ‘The British Rotorcraft Museum and Avon Air Collection Ltd’ to ‘The Helicopter Museum Ltd’ which has been our trading name for over 20 years. It was also agreed to change the charity to a CIO to better modernise the structure of the business and move forward. This is a project we aim to complete by 31[st] March 2026 and is being steered by Molly Woodward (care of Rolls Royce) assisted by Clive and Phil. All of whom are doing an incredible job.
All in all it has been a very successful and fulfilling year. I feel we have the best all round team we could possibly achieve - trustees, staff and volunteers. Well done all, but not let us rest on our laurels. There is a lot more to do.
Peter Turner. Chairman of the Trustees.
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
**REGISTERED CHARITY NUMBER: 281053 COMPANY REGISTRATION NUMBER: 01517593**
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025**
**Page** 1 - 2 Company Information 3 - 4 Directors’ Report 5 - 6 Independent Examiner’s Report 7 - 8 Statement of Financial Activities 9 - 10 Balance Sheet 11 - 13 Notes to the Financial Statements **Non-Statutory Financial Statement** 14 Detailed Income and Expenditure Account
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31ST MARCH 2025**
## **Constitution**
The Helicopter Museum Limited (Formerly British Rotorcraft Museum and Avon Air Collection Limited) is a Company Limited by Guarantee and a registered Charity governed by its Memorandum and Articles of Association.
|**Directors:**|E. Ap Rees|
|---|---|
||P. Turner|
||G. Dore|
||S. R. Whittaker|
||R. Adams|
||P. Winterton|
||Dr A. Wood|
||C. Elks|
||A. Norris (Resigned 15.01.25)|
|**Trustees:**|E. Ap Rees|
||G. Dore|
||P. Turner|
||S. R. Whittaker|
||R. Adams|
||P. Winterton|
||Dr A. Wood|
||C. Elks|
||A. Norris (Resigned 15.01.25)|
|**Secretary:**|G. Dore|
|**Registered Office:**|Weston Heliport|
||Locking Moor Road|
||Weston-super-Mare|
||Somerset|
||BS22 8PL|
|**Accountant:**|David K. Hardiman|
||Chartered Accountant|
||13 Boulevard|
||Weston-super-Mare|
||Somerset|
||BS23 1NR|
**Continued on Page 2.**
1
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31ST MARCH 2025 (Continued)**
**Bankers:** The Co-operative Bank plc. PO Box 101 1 Balloon Street Manchester M60 4EP **Company Number:** 01517593 **Registered Charity Number:** 281053
2
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **THE DIRECTORS’ REPORT**
The Directors present their report and the financial statements of the company for the year ended 31st March 2025.
Legal and administrative information set out on pages 1 and 2 form part of this report. All Directors/Trustees served throughout the year unless otherwise indicated. The Financial Statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice-Accounting and Reporting by Charities.
## **Activities**
The principal activity of the company during the year under review was that of Museum Management. This is the World’s largest dedicated Helicopter Museum.
The Company also operates the Museum Shop.
No other significant changes in activities arose.
## **Development of the Business and its position at the end of the year**
The Company’s results for the year, as stated on pages 7 and 8, show a decrease in incoming resources of £23509. The Company is a registered Charity and the net surplus for the year was £78468 compared to a surplus of £122530 in 2023/24.
The Directors consider the state of affairs of the company at 31st March 2025 to be satisfactory.
## **Fixed Assets**
Changes in Fixed Assets in the year are scheduled in notes 2 and 3 to the accounts.
## **Results**
The net surplus on ordinary activities amounted to £78468 and this was put to reserves.
## **Risk Management**
The Directors have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
3
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **THE DIRECTORS’ REPORT**
## **(Continued)**
## **Heritage Assets**
Most heritage assets were donated to the Museum over a large number of years and the Trustees therefore consider that recognising these in the Balance Sheet is not practicable. The Charity Commission has indicated that charities should disclose the scale and nature of any significant holdings of heritage assets, and the public’s access to them within their annual report. The Directors/Trustees have considered the issue and have decided not to attribute a value to the helicopters in the Museum’s collection, but a comprehensive list of both owned and leased items which are considered to be Heritage Assets is available on the Museum’s website which is www.helicoptermuseum.co.uk.
## **Reserves**
The policy of the trustees is to maintain unrestricted funds at a level to meet three months normal activities. Other specific projects and activities are not undertaken unless and until funding has been secured.
## **Statement of Directors’ Responsibilities**
Company Law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the Directors are required to:
- a) select suitable accounting policies and then apply them consistently;
- b) make judgements and estimates that are reasonable and prudent;
- c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Status**
The company is limited by guarantee and therefore does not have a share capital.
## **Small Company Exemptions**
In preparing this report advantage has been taken of the small companies exemption.
On behalf of the Board
**........................................................ Director G. Dore**
4th November 2025
4
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **INDEPENDENT EXAMINER’S REPORT**
## **Independent Examiner’s Report to the Trustees of The Helicopter Museum Limited (Formerly British Rotorcraft Museum and Avon Air Collection Limited)**
I report on the accounts of the Charitable Company (Charity Number 0281053) for the year ended 31st March 2025, which are set out on pages 7 to 13.
## **Respective Responsibilities of Trustees and Examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of ICAEW.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material request:
- the accounting records were not kept in accordance with section 130 of the Companies Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
**Continued on Page 6.**
5
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **INDEPENDENT EXAMINER’S REPORT (Continued)**
## **Independent Examiner’s Statement** (continued)
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.
...............................................
David K. Hardiman FCA Chartered Accountant 13 Boulevard Weston-super-Mare North Somerset BS23 1NR
4th November 2025
6
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025**
||**2025**|**2024**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**Funds**|**Funds**|
||**£**|**£**|
|**Incoming Resources**|||
|**Donations and Legacies**|||
|Donations|38302|6063|
|Fund Raising|4153|3892|
||42455
|9955
|
|**Charitable Activities**|||
|Museum and Special Event Admissions|212283|245331|
|Gift Aid|33750|43618|
|Playground|1330|1719|
||247363
|290668|
|**Other Trading Activities**|||
|Filming|-|500|
|Museum Shop|49377|61986|
|Helicopter Flight Donations|1390|4594|
|Sales of Scrap|8091|7133|
||58858
|74213|
|**Investments**|||
|Interest Received|3387|736|
|**Total Incoming Resources**|£ 352063|£ 375572|
**Continued on Page 8**
7
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
|**Resources Expended**
**Charitable Activities**
Wages and National Insurance Costs
Property Costs
Maintenance
Aircraft Restoration Costs
Special Event Costs
Display Boards
**Other Trading Activities Costs**
Shop Purchases (Adjusted for Stocks)
**Other**
Office and Administrative Costs
Independent Examiner’s Fees
Publicity and Advertising
Sundry Expenses
Bank and Merchant Acquiring Charges
Depreciation of Tangible Fixed Assets
**Total Resources Expended**
£
**Net Surplus of Income for the Year**
**Reconciliation of Funds**
Total Funds at 1st April 2024
**Total Funds at 31st March 2025**
£|**2025**
**2024**
**Unrestricted**
**Unrestricted**
**Funds**
**Funds**
**£**
**£**
132539
121022
42883
38763
9752
10335
7732
2258
5838
11057
6614
2095
205358
185530
31085
34320
6915
4458
1260
1200
161
3541
1188
891
5585
4934
22043
18168
37152
33192
273595
£ 253042
78468
122530
1108333
985803
1186801
£ 1108333|
|---|---|
8
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) (COMPANY NUMBER: 01517593)**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
|**Fixed Assets**
Tangible Assets
Investments
**Current Assets**
Stocks
Debtors
Cash at Bank and in Hand
**Current Liabilities**
Creditors: Amounts falling
due within one year
**Net Current Assets**
**Total Assets less Current Liabilities**
**Funds of Charity**
Unrestricted Funds
**Total Funds**|**Notes**
1f, 2
3
1g
4
5|**2025**
**Unrestricted Funds**
**£**
**£**
973460
1
973461
16827
20514
187944
225285
(11945)
213340
£ 1186801
1186801
£ 1186801|**2024**
**Unrestricted Funds**
**£**
**£**
801616
1
801617
18645
36596
256028
311269
(4553)
306716
£ 1108333
1108333
£ 1108333|
|---|---|---|---|
|||**£**
16827
20514
187944
225285
(11945)
£
£|**£**
18645
36596
256028
311269
(4553)
£
£|
**Continued on page 10.**
9
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) (COMPANY NUMBER: 01517593)**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
## **(Continued)**
For the year ended 31st March 2025, the Company was entitled to exemption under Subsection 1 of Section 477 of the Companies Act 2006. The members have not required the Company to obtain an audit of its accounts for the year in accordance with Section 476. The Directors acknowledge their responsibility for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its result for the financial year in accordance with the requirements of Sections 394 and 395 of the Act, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the Board on 4th November 2025**
**................................................... P. Turner Director & Trustee**
10
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **1. ACCOUNTING POLICIES**
## a) Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 2006, the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable accounting standard applicable in the UK (FRS 102) and with the Charities Act 2011.
The Charity constitutes a Public Benefit Entity as defined by FRS102.
## b) Income
Donations are accounted for when received. Other Income is accounted for on an accruals basis as far as it is prudent to do so.
## c) Gifts in Kind
The Charity receives the benefit of work carried out by volunteers. No value has been placed on this in these accounts.
## d) Grants Receivable
Revenue grants are credited to the Statement of Financial Activities as received unless related to a specific period, when they are placed in a restricted fund until used.
## e) Taxation
As a Registered Charity the Company is not subject to Corporation Tax.
## f) Depreciation
Depreciation is calculated to write down the cost of fixed assets to their estimated residual value over their expected useful lives. The annual rates and method of calculation are as follows:
Tools 25% Reducing Balance Museum Equipment, Fixtures and Fittings 25% Reducing Balance Buildings and Property Improvements 2% Straight Line Helicopters 2% Straight Line
## g) Stocks
Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.
11
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
## **2. TANGIBLE FIXED ASSETS**
## **3.**
|**Cost**
At 1st April 2024
Additions
At 31st March 2025
**Depreciation**
At 1st April 2024
Charge for the Year
At 31st March 2025
**Net Book Values**
At 31st March 2025
At 31st March 2024
**INVESTMENTS**
One Ordinary Share in|**Helicopters**
**Tools**
66861
1257
-
-
£ 66861
1257
18130
1257
1337
-
£ 19467
1257
£ 47394
-
£ 48731
-
Heliworld Limited|**Helicopters**
**Tools**
66861
1257
-
-
£ 66861
1257
18130
1257
1337
-
£ 19467
1257
£ 47394
-
£ 48731
-
Heliworld Limited|**Tools**
1257
-|**Museum**
**Equipment**
**Fixtures &**
**Fittings**
9995
-|**Buildings &**
**Improvements**
**Total **
884938
963051
193887
193887
1078825
1156938
132079
161435
20700
22043
152779
183478
926046
973460
752859
801616
**2025**
**2024**
£ 1
£ 1|**Buildings &**
**Improvements**
**Total **
884938
963051
193887
193887
1078825
1156938
132079
161435
20700
22043
152779
183478
926046
973460
752859
801616
**2025**
**2024**
£ 1
£ 1|
|---|---|---|---|---|---|---|
||||||||
|||66861|1257|9995|||
|||18130
1337|1257
-|9969
6|||
|||19467|1257|9975|||
|||47394|-|20|||
|||48731|-|26|||
|||||||**2025**
£ 1|
12
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
|**4.**
**5.**
**6.**|**DEBTORS**
Due Within One Year
Prepayments
Inter Company Account
Gift Aid
Other Debtors
£
**CREDITORS**
Due Within One Year
Taxation and Social Security
Accruals and Deferred Income
Other Creditors
£
**STAFF COSTS AND TRUSTEES REMUNERATION**
Salaries and Employers National Insurance
£|**2025**
**£**
-
17834
-
2680
20514
£
-
1260
10685
11945
£
132539
£
|**2024**
**£**
292
29834
6470
-
36596
-
1200
3353
4553
121022|
|---|---|---|---|
The average number of employees during the year was 7 (2024 6).
No employee received remuneration exceeding £60000.
No trustees received remuneration or were reimbursed expenses in the current or previous period.
13
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025**
|Museum Admissions
Special Events Admissions
Fundraising
Museum Special Events and Shop Sales
Gift Aid
Donations
Interest Received
Helicopter Flight Donations
Playground
Filming
Sales of Scrap
**Total Income**
**Expenditure:**
Shop Purchases (Adjusted for Stocks)
Special Events
Wages and National Insurance
Maintenance
Aircraft Restoration Expenses
Display Boards
Publicity and Advertising
Printing, Postage, Stationery and Leasing
Insurance
Telephone and Internet Charges
Fees, Subscription and Training
Rates
Bank and Merchant Acquiring Charges
Lighting, Heating and Power
Cleaning, Hygiene and Waste Disposal
Accountancy
Archive Costs
Sundry Expenses
Depreciation
**Surplus for the Year**|
**£**
31085
5838
132539
9752
7732
6614
161
2311
14857
3072
2124
2041
5585
19506
3407
1260
2480
1188
22043
|**2025**
**£**
158667
53616
4153
49377
33750
38302
3387
1390
1330
-
8091
352063
273595
£ 78468|
**£**
34320
11057
121022
10335
2258
2095
3541
1471
13855
1695
547
1036
4934
20701
3171
1200
745
891
18168
|**2024**
**£**
182226
63105
3892
61986
43618
6063
736
4594
1719
500
7133
375572
253042
£ 122530|
|---|---|---|---|---|
|||
£||
£|
**Surplus for the Year**
14
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
**REGISTERED CHARITY NUMBER: 281053 COMPANY REGISTRATION NUMBER: 01517593**
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) INDEX TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025**
**Page** 1 - 2 Company Information 3 - 4 Directors’ Report 5 - 6 Independent Examiner’s Report 7 - 8 Statement of Financial Activities 9 - 10 Balance Sheet 11 - 13 Notes to the Financial Statements **Non-Statutory Financial Statement** 14 Detailed Income and Expenditure Account
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31ST MARCH 2025**
## **Constitution**
The Helicopter Museum Limited (Formerly British Rotorcraft Museum and Avon Air Collection Limited) is a Company Limited by Guarantee and a registered Charity governed by its Memorandum and Articles of Association.
|**Directors:**|E. Ap Rees|
|---|---|
||P. Turner|
||G. Dore|
||S. R. Whittaker|
||R. Adams|
||P. Winterton|
||Dr A. Wood|
||C. Elks|
||A. Norris (Resigned 15.01.25)|
|**Trustees:**|E. Ap Rees|
||G. Dore|
||P. Turner|
||S. R. Whittaker|
||R. Adams|
||P. Winterton|
||Dr A. Wood|
||C. Elks|
||A. Norris (Resigned 15.01.25)|
|**Secretary:**|G. Dore|
|**Registered Office:**|Weston Heliport|
||Locking Moor Road|
||Weston-super-Mare|
||Somerset|
||BS22 8PL|
|**Accountant:**|David K. Hardiman|
||Chartered Accountant|
||13 Boulevard|
||Weston-super-Mare|
||Somerset|
||BS23 1NR|
**Continued on Page 2.**
1
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) LEGAL AND ADMINISTRATIVE INFORMATION AS AT 31ST MARCH 2025 (Continued)**
**Bankers:** The Co-operative Bank plc. PO Box 101 1 Balloon Street Manchester M60 4EP **Company Number:** 01517593 **Registered Charity Number:** 281053
2
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **THE DIRECTORS’ REPORT**
The Directors present their report and the financial statements of the company for the year ended 31st March 2025.
Legal and administrative information set out on pages 1 and 2 form part of this report. All Directors/Trustees served throughout the year unless otherwise indicated. The Financial Statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice-Accounting and Reporting by Charities.
## **Activities**
The principal activity of the company during the year under review was that of Museum Management. This is the World’s largest dedicated Helicopter Museum.
The Company also operates the Museum Shop.
No other significant changes in activities arose.
## **Development of the Business and its position at the end of the year**
The Company’s results for the year, as stated on pages 7 and 8, show a decrease in incoming resources of £23509. The Company is a registered Charity and the net surplus for the year was £78468 compared to a surplus of £122530 in 2023/24.
The Directors consider the state of affairs of the company at 31st March 2025 to be satisfactory.
## **Fixed Assets**
Changes in Fixed Assets in the year are scheduled in notes 2 and 3 to the accounts.
## **Results**
The net surplus on ordinary activities amounted to £78468 and this was put to reserves.
## **Risk Management**
The Directors have examined the major strategic business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
3
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **THE DIRECTORS’ REPORT**
## **(Continued)**
## **Heritage Assets**
Most heritage assets were donated to the Museum over a large number of years and the Trustees therefore consider that recognising these in the Balance Sheet is not practicable. The Charity Commission has indicated that charities should disclose the scale and nature of any significant holdings of heritage assets, and the public’s access to them within their annual report. The Directors/Trustees have considered the issue and have decided not to attribute a value to the helicopters in the Museum’s collection, but a comprehensive list of both owned and leased items which are considered to be Heritage Assets is available on the Museum’s website which is www.helicoptermuseum.co.uk.
## **Reserves**
The policy of the trustees is to maintain unrestricted funds at a level to meet three months normal activities. Other specific projects and activities are not undertaken unless and until funding has been secured.
## **Statement of Directors’ Responsibilities**
Company Law requires the Directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing these financial statements, the Directors are required to:
- a) select suitable accounting policies and then apply them consistently;
- b) make judgements and estimates that are reasonable and prudent;
- c) prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The Directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Status**
The company is limited by guarantee and therefore does not have a share capital.
## **Small Company Exemptions**
In preparing this report advantage has been taken of the small companies exemption.
On behalf of the Board
**........................................................ Director G. Dore**
4th November 2025
4
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **INDEPENDENT EXAMINER’S REPORT**
## **Independent Examiner’s Report to the Trustees of The Helicopter Museum Limited (Formerly British Rotorcraft Museum and Avon Air Collection Limited)**
I report on the accounts of the Charitable Company (Charity Number 0281053) for the year ended 31st March 2025, which are set out on pages 7 to 13.
## **Respective Responsibilities of Trustees and Examiner**
The Charity’s Trustees are responsible for the preparation of the accounts. The Charity’s Trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. I am qualified to undertake the examination by being a qualified member of ICAEW.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the applicable Directions given by the Charity Commission (under section 145 (5) (b) of the Charities Act), and
- to state whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material request:
- the accounting records were not kept in accordance with section 130 of the Companies Act; or
- the accounts did not accord with the accounting records; or
- the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
**Continued on Page 6.**
5
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **INDEPENDENT EXAMINER’S REPORT (Continued)**
## **Independent Examiner’s Statement** (continued)
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.
...............................................
David K. Hardiman FCA Chartered Accountant 13 Boulevard Weston-super-Mare North Somerset BS23 1NR
4th November 2025
6
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025**
||**2025**|**2024**|
|---|---|---|
||**Unrestricted**|**Unrestricted**|
||**Funds**|**Funds**|
||**£**|**£**|
|**Incoming Resources**|||
|**Donations and Legacies**|||
|Donations|38302|6063|
|Fund Raising|4153|3892|
||42455
|9955
|
|**Charitable Activities**|||
|Museum and Special Event Admissions|212283|245331|
|Gift Aid|33750|43618|
|Playground|1330|1719|
||247363
|290668|
|**Other Trading Activities**|||
|Filming|-|500|
|Museum Shop|49377|61986|
|Helicopter Flight Donations|1390|4594|
|Sales of Scrap|8091|7133|
||58858
|74213|
|**Investments**|||
|Interest Received|3387|736|
|**Total Incoming Resources**|£ 352063|£ 375572|
**Continued on Page 8**
7
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
|**Resources Expended**
**Charitable Activities**
Wages and National Insurance Costs
Property Costs
Maintenance
Aircraft Restoration Costs
Special Event Costs
Display Boards
**Other Trading Activities Costs**
Shop Purchases (Adjusted for Stocks)
**Other**
Office and Administrative Costs
Independent Examiner’s Fees
Publicity and Advertising
Sundry Expenses
Bank and Merchant Acquiring Charges
Depreciation of Tangible Fixed Assets
**Total Resources Expended**
£
**Net Surplus of Income for the Year**
**Reconciliation of Funds**
Total Funds at 1st April 2024
**Total Funds at 31st March 2025**
£|**2025**
**2024**
**Unrestricted**
**Unrestricted**
**Funds**
**Funds**
**£**
**£**
132539
121022
42883
38763
9752
10335
7732
2258
5838
11057
6614
2095
205358
185530
31085
34320
6915
4458
1260
1200
161
3541
1188
891
5585
4934
22043
18168
37152
33192
273595
£ 253042
78468
122530
1108333
985803
1186801
£ 1108333|
|---|---|
8
## **THE HELICOPTER MUSEUM LIMITED (FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) (COMPANY NUMBER: 01517593)**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
|**Fixed Assets**
Tangible Assets
Investments
**Current Assets**
Stocks
Debtors
Cash at Bank and in Hand
**Current Liabilities**
Creditors: Amounts falling
due within one year
**Net Current Assets**
**Total Assets less Current Liabilities**
**Funds of Charity**
Unrestricted Funds
**Total Funds**|**Notes**
1f, 2
3
1g
4
5|**2025**
**Unrestricted Funds**
**£**
**£**
973460
1
973461
16827
20514
187944
225285
(11945)
213340
£ 1186801
1186801
£ 1186801|**2024**
**Unrestricted Funds**
**£**
**£**
801616
1
801617
18645
36596
256028
311269
(4553)
306716
£ 1108333
1108333
£ 1108333|
|---|---|---|---|
|||**£**
16827
20514
187944
225285
(11945)
£
£|**£**
18645
36596
256028
311269
(4553)
£
£|
**Continued on page 10.**
9
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED) (COMPANY NUMBER: 01517593)**
## **BALANCE SHEET AS AT 31ST MARCH 2025**
## **(Continued)**
For the year ended 31st March 2025, the Company was entitled to exemption under Subsection 1 of Section 477 of the Companies Act 2006. The members have not required the Company to obtain an audit of its accounts for the year in accordance with Section 476. The Directors acknowledge their responsibility for ensuring that the Company keeps accounting records which comply with Section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the Company as at the end of the financial year and of its result for the financial year in accordance with the requirements of Sections 394 and 395 of the Act, and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the Company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
## **Approved by the Board on 4th November 2025**
**................................................... P. Turner Director & Trustee**
10
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **1. ACCOUNTING POLICIES**
## a) Basis of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Companies Act 2006, the Statement of Recommended Practice: Accounting and Reporting by Charities and applicable accounting standard applicable in the UK (FRS 102) and with the Charities Act 2011.
The Charity constitutes a Public Benefit Entity as defined by FRS102.
## b) Income
Donations are accounted for when received. Other Income is accounted for on an accruals basis as far as it is prudent to do so.
## c) Gifts in Kind
The Charity receives the benefit of work carried out by volunteers. No value has been placed on this in these accounts.
## d) Grants Receivable
Revenue grants are credited to the Statement of Financial Activities as received unless related to a specific period, when they are placed in a restricted fund until used.
## e) Taxation
As a Registered Charity the Company is not subject to Corporation Tax.
## f) Depreciation
Depreciation is calculated to write down the cost of fixed assets to their estimated residual value over their expected useful lives. The annual rates and method of calculation are as follows:
Tools 25% Reducing Balance Museum Equipment, Fixtures and Fittings 25% Reducing Balance Buildings and Property Improvements 2% Straight Line Helicopters 2% Straight Line
## g) Stocks
Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items.
11
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
## **2. TANGIBLE FIXED ASSETS**
## **3.**
|**Cost**
At 1st April 2024
Additions
At 31st March 2025
**Depreciation**
At 1st April 2024
Charge for the Year
At 31st March 2025
**Net Book Values**
At 31st March 2025
At 31st March 2024
**INVESTMENTS**
One Ordinary Share in|**Helicopters**
**Tools**
66861
1257
-
-
£ 66861
1257
18130
1257
1337
-
£ 19467
1257
£ 47394
-
£ 48731
-
Heliworld Limited|**Helicopters**
**Tools**
66861
1257
-
-
£ 66861
1257
18130
1257
1337
-
£ 19467
1257
£ 47394
-
£ 48731
-
Heliworld Limited|**Tools**
1257
-|**Museum**
**Equipment**
**Fixtures &**
**Fittings**
9995
-|**Buildings &**
**Improvements**
**Total **
884938
963051
193887
193887
1078825
1156938
132079
161435
20700
22043
152779
183478
926046
973460
752859
801616
**2025**
**2024**
£ 1
£ 1|**Buildings &**
**Improvements**
**Total **
884938
963051
193887
193887
1078825
1156938
132079
161435
20700
22043
152779
183478
926046
973460
752859
801616
**2025**
**2024**
£ 1
£ 1|
|---|---|---|---|---|---|---|
||||||||
|||66861|1257|9995|||
|||18130
1337|1257
-|9969
6|||
|||19467|1257|9975|||
|||47394|-|20|||
|||48731|-|26|||
|||||||**2025**
£ 1|
12
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025**
## **(Continued)**
|**4.**
**5.**
**6.**|**DEBTORS**
Due Within One Year
Prepayments
Inter Company Account
Gift Aid
Other Debtors
£
**CREDITORS**
Due Within One Year
Taxation and Social Security
Accruals and Deferred Income
Other Creditors
£
**STAFF COSTS AND TRUSTEES REMUNERATION**
Salaries and Employers National Insurance
£|**2025**
**£**
-
17834
-
2680
20514
£
-
1260
10685
11945
£
132539
£
|**2024**
**£**
292
29834
6470
-
36596
-
1200
3353
4553
121022|
|---|---|---|---|
The average number of employees during the year was 7 (2024 6).
No employee received remuneration exceeding £60000.
No trustees received remuneration or were reimbursed expenses in the current or previous period.
13
## **THE HELICOPTER MUSEUM LIMITED**
## **(FORMERLY BRITISH ROTORCRAFT MUSEUM AND AVON AIR COLLECTION LIMITED)**
## **DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST MARCH 2025**
|Museum Admissions
Special Events Admissions
Fundraising
Museum Special Events and Shop Sales
Gift Aid
Donations
Interest Received
Helicopter Flight Donations
Playground
Filming
Sales of Scrap
**Total Income**
**Expenditure:**
Shop Purchases (Adjusted for Stocks)
Special Events
Wages and National Insurance
Maintenance
Aircraft Restoration Expenses
Display Boards
Publicity and Advertising
Printing, Postage, Stationery and Leasing
Insurance
Telephone and Internet Charges
Fees, Subscription and Training
Rates
Bank and Merchant Acquiring Charges
Lighting, Heating and Power
Cleaning, Hygiene and Waste Disposal
Accountancy
Archive Costs
Sundry Expenses
Depreciation
**Surplus for the Year**|
**£**
31085
5838
132539
9752
7732
6614
161
2311
14857
3072
2124
2041
5585
19506
3407
1260
2480
1188
22043
|**2025**
**£**
158667
53616
4153
49377
33750
38302
3387
1390
1330
-
8091
352063
273595
£ 78468|
**£**
34320
11057
121022
10335
2258
2095
3541
1471
13855
1695
547
1036
4934
20701
3171
1200
745
891
18168
|**2024**
**£**
182226
63105
3892
61986
43618
6063
736
4594
1719
500
7133
375572
253042
£ 122530|
|---|---|---|---|---|
|||
£||
£|
**Surplus for the Year**
14