| CONTENTS | PAGE | |
|---|---|---|
| Information | ||
| Trustees' Report |
2-4 | |
| Independent Examiners' |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8 —11 | |
| Detailed Profit and Loss |
Account | 12 |
| Directors | D A Brocklehurst, | MBE | MBE | |||
|---|---|---|---|---|---|---|
| R Windrow | ||||||
| D TSutton | ||||||
| E Hawkes | ||||||
| D L Hertz (Appointed | —11/10/2021) | |||||
| Company | Secretary | P 8 Griffiths, FCA | ||||
| Solicitors | Hallet 8 Co Solicitors | |||||
| 11 Bank Street | ||||||
| Ashford | ||||||
| Kent | ||||||
| TN23 IDA | ||||||
| Accountants | Charcroft Baker LLP | |||||
| Chartered Accountants |
and Registered | Auditors | ||||
| 5West Court | ||||||
| Enterprise Road | ||||||
| Maidstone | ||||||
| Kent ME156JD | ||||||
| Bankers | National Westminster |
Bank Pic | ||||
| PO Box4 | ||||||
| Maidstone | ||||||
| Kent ME141XU | ||||||
| Registered | Office | Hawkinge Airfield |
||||
| Aerodrome Road |
||||||
| Hawkinge | ||||||
| Nr Folkestone | ||||||
| Kent | ||||||
| CT187AG |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| TURNOVER | 76,995 | 62.051 | |||
| Administrative | expenses | 28,560 | 40,655 | ||
| 46,635 | 21,396 | ||||
| Gain/(loss) on revaluation |
ofInvestments | 13,118 | (28,288) | ||
| Donations and legacies | 30.314 | 14,622 | |||
| Income from | investments | 1.166 | 2,758 | ||
| Other operating income |
24,521 | 34.358 | |||
| Net income | / (expenditure) | on ordinary | 117,554 | 44,846 | |
| activities before and after | taxation | ||||
| Unrestricted | Funds Brought |
Forward | 1,021,866 | 977.020 | |
| Unrestricted | Funds Canied |
Forward | 9 | 1,139,420 | 1,021,866 |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Museum Exhibits |
466,957 | 448,591 | ||||
| Memorial | 150,000 | 150.000 | ||||
| Plant 8 Equipment | 3,065 | 4,086 | ||||
| Land 8 Buildings | 138,158 | 138,158 | ||||
| 758,180 | 740,835 | |||||
| CURRENT ASSETS | ||||||
| Investments | 6 | 58,688 | 45,570 | |||
| Cash at bank and in | hand | 361,252 | 311,611 | |||
| 419.940 | 357,181 | |||||
| CREDITORS: | ||||||
| Amounts falling |
due | within | one | 7 | 1,200 | 1,150 |
| year | ||||||
| NET CURRENT ASSETS | 418.740 | 356,031 | ||||
| TOTAL ASSETS LESSCURRENT | ||||||
| LIABILITIES | 1,176,920 | 1,096,866 | ||||
| CREDITORS: | ||||||
| Amounts falling due |
after more | 8 | 37.500 | 75,000 | ||
| than one year | ||||||
| NET ASSETS | 1,139.420 | 1,021,866 | ||||
| CAPITAL AND RESERVES | ||||||
| Share Capital | ||||||
| Unrestricted funds |
1,177,644 | 1,073,208 | ||||
| Fair value reserve | (38,224) | (51.342) | ||||
| TOTAL UNRESTRICTED | FUNDS | 1,139.420 | 1,021,866 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Profit on |
ordinary | activities | is | stated | after | |||||
| charging:- | e | E | ||||||||
| Depreciation | on Owned | Assets | 1,021 | 1,362 | ||||||
| Directors' | Emoluments:- | |||||||||
| No Director | ofthe Company | received any | remuneration | during the pedod. |
| 5. TANGIBLE ASSETS |
|||||
|---|---|---|---|---|---|
| Freehold | Plant L | ||||
| Land B | ExhlbRs | Memorial | Equipment | Total | |
| BuRdlngs | |||||
| Cost | |||||
| At I»January 2021 | 183,198 | 448,591 | 150,000 | 22,763 | 804.553 |
| Additions | 18,366 | 18,366 | |||
| Disposals | |||||
| At 31»December 2021 | 183,198 | 466,957 | 150,000 | 22,763 | 822,919 |
| Depreciation | |||||
| At 1» January 2021 |
45,040 | 18,677 | 63,717 | ||
| Charge for the year | 1,021 | 1,021 | |||
| Disposals | |||||
| At 31»December 2021 | 45.040 | 19,698 | 64.738 | ||
| Net BookValue | |||||
| At 31»December 2021 | 138,158 | 466,957 | 150,000 | 3,065 | 758,180 |
| At 31»December 2020 | 138,158 | 448,591 | 150,000 | 4,086 | 740,835 |
| d. | CURRENT ASSET INVESTMENTS | 2021 | 2020 |
|---|---|---|---|
| Listed Investments | 56,688 | 45,570 | |
| 7. | CREDITORS | ||
| Amounts falling due within one year |
2021 | 2020 | |
| Accruals and Creditors | 1,200 | 1,150 | |
| 8. | CREDITORS | ||
| Amounts falling due after more than one year |
2021 | 2020 | |
| Other creditors | 37,500 | 75,000 | |
| Creditors due after more than one year represents | the balance due on the | ||
| Battle of Britain memoEal. |
| Fair | |||||
|---|---|---|---|---|---|
| Retained | Value | Unrestricted | |||
| Earnings | Reserve | Funds | |||
| 5 | R | 5 | |||
| Balance | at | 1 January2020 | 1,000,074 | (23,054) | 977,020 |
| Profit | 44,846 | 44,846 | |||
| Transfer | to | fair value reserve | 28.288 | (28.288) | |
| Balance | at | 31 December 2020 | 1,073308 | (51,342) | 1,021,8dd |
| Profit | 117,554 | 117.554 | |||
| Transfer | to | fair value reserve | (13,118) | 13,118 | |
| Balance | of | 31 December 2021 | 1,177,d44 | ($8&4) | 1,1$9A20 |
| Notes | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Turnover: Admission fees |
76,995 | 62.051 | ||||
| Gain/loss on revaluation |
ofassets | |||||
| Gain/(Loss) on revaluation |
of | 13,118 | (28,288) | |||
| investments | ||||||
| ADMINISTRATIVE EXPENSES |
||||||
| Transport and Equipment | hire | 2,499 | 5,750 | |||
| Repairs and maintenance | 2,841 | 14,904 | ||||
| Electricity | 4.243 | 2,461 | ||||
| Rent and Rates | 1.224 | 1,617 | ||||
| Stationary. postage and | telephone | 3.686 | 2,197 | |||
| Advertising | 2.208 | 3,816 | ||||
| Insurance | 5,301 | 5,042 | ||||
| Accountancy and bookkeeping |
3.560 | 2,743 | ||||
| Bank charges | 286 | 306 | ||||
| Depreciation | 1,021 | 1,362 | ||||
| Sundry | 1.691 | 457 | ||||
| 28,560 | 40,655 | |||||
| 61,553 | (6.892) | |||||
| Other operating income: |
||||||
| Donations | 30.314 | 14,622 | ||||
| Interest receivable | 378 | |||||
| Dividends | 1,166 | 2,758 | ||||
| Grants receivable | 24,143 | 30,000 | ||||
| Miscellaneous sales |
3,500 | |||||
| 56,001 | 51,738 | |||||
| PROFIT FOR FINANCIAL | YEAR | |||||
| TRANSFERRED TO RESERVES | 117,554 | 44,846 |