2021-12-31-accounts

			2021	2020
			Unrestricted	Total
			funds	funds
INCOME	AND ENDOWMENTS FROM	Notes	f.	E
Donations	and legacies	3	189,434	16,846
Charitable	activities
Restoration	and associated costs		50,835	19,517
Other trading activities Investment income Other income			123,769 1,590 (152)	74,528 1,859
Total			365,476	112,750
EXPENDITURE ON
Charitable	activities
Restoration	and associated costs		159,035	158,334
Other			4,760	2,650
Total			163,795	160,984
NET INCOME/(EXPENDITURE)			201,681	(48234)
RECONCILIATION OF FUNDS
Total funds	brought forward		2,3441,833	2,393,067
TOTAL FUNDS CARRIED FORWARD			2,546,514	2,344,833

		2021	2020
		Unrestricted	Total
		funds	funds
FIXEDASSETS	Notes	f.	f.
Tangible assets Heritage assets	12 13	90,107 1,979,025	73,080 1,979,025
		2,069,132	2,052,105
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	14 15	6,028 35,143 449,462	6,091 9,098 290,603
		490,633	305,792
CREDITORS
Amounts falling due within one year	16	(13,251)	(13,064)
NET CURRENT ASSETS		477,382	292,728
TOTAL ASSETSLESSCURRENT
LIABILITIES		2,546,514	2,344,833
NETASSETS		2,546,514	2,344,833
FUNDS	18
Unrestricted funds:
General fund Revaluation reserve Designated aircraft relocation reserve		480,150 1,966,364 100,000	378,469 1,966,364
		2,546,514	2,344,833
TOTAL FUNDS		2,546,514	2,344,833

Tangible fixed assets	Tangible fixed assets
Short leasehold		at varying rates on cost
Aircmft and display	equipment	5%on cost
Fixtures and fittings		at vmying rates on cost
Motor vehicles		15%on cost

DONATIONS AND LEGACIES
	2021I	2020 f
Gifts
Donations Subscnptions	186,037 3,397	1 11,734 5,111
	189,434	16,846

			2021	2020
				E
Receipts in year (renewals and new members) Released deferred income from previous year Income deferred to the following year			2,030 1,337	3,607 2,841 (1,337)
Subscription income recognised	in year		3,367	5,111

			2021	2020
				E
Fundraising events Bookshop and other sales IWM Partnership Agreement		fees	35,989 47,780 40,000	1,260 33268 40,000
			123,769	74,528

			2021	2020
			f.	f
Deposit account interest			1,590	1,859
CHARITABLE ACTIVITIES		COSTS
				Direct
				Costs (see
				note 7) I
Restoration and associated	costs			159,035
DIRECT COSTSOFCHARITABLE ACTIVITIES
			2021	2020
Staff costs Insumnce Equipment repairs, maintenance Selling costs Members' events Airshows Stationery. communications and Bank charges and interest Travelling Miscellaneous office costs Donations		and fuel marketing	f. 66,502 13,822 26,187 8,146 63 2,697 3225 2,012 4,959 18,980 116	f 95267 14,105 9,770 2346 130 1,938 3,531 5,348 705 11,456
Goods for resale Gffice and yard rent Depreciation			1,083 1,999 9,244	1,875 3,129 8,834
			159,035	158,334

			2021	2020
				f
Depreciation - owned assets Deficit on disposal offixed assets			9244 152	8,834
Independent Independent	Examiner's fee Examiner's fee for other compliance	work	2,785 400	2,650

		2021	2020
		f	E
Trustees'	salaries	3,082		877
Trustees'	social security
Trustees'	pension contributions
		3,082		877
Trustees'	expenses

STAFFCOSTS
	2021f	2020 E
Wages and salaries	65,628	92,325
Social security costs		1,627
Other pension costs	874	1,315
	66,502	95267

		2021	2020
Aircraft	restoration	1	1
Miliary	Vehicles restoration	1	1
Administration		2	2
Aircraft	stewards	6	8
Military	Vehicles drivers		1
		10	13

ANALYSI	S OFTHE COMPARA	TIVE YEAR FOR THE STATEM	ENT OF FINANCIAL ACTIVITIES
			Unrestricted
			funds
			f.
INCOME	AND ENDOWMENTS	FROM
Donations	and legacies		16,846
Charitable	activities
Restoration	and associated costs		19,517
Other trading activities			74,528
Investment	income		1,859
Total			112,750
EXPENDITURE ON
Charitable	activities
Restoration	and associated costs		158,334
Other			2,650
Total			160,984
NET INCOME/(EXPENDITURE)			(48,234)
RECONCILIATION OF FUNDS
Total funds	brought forward		2,393,067
TOTAL FUNDS CARRIED FORWARD			2,344,833

TANGIBLE FIXEDASSET	S
		Aircraft
		and	Fixtures
	Short	display	and	Motor
	leasehold	equipment	fittings	vehicles	Totals
	f.		E	I	I
COST
At 1 January 2021	42261	304,546	74,104	8,384	429295
Additions			26,423		26,423
Disposals	(429)	(524)	(7,666)		(8,619)
At 31 December 2021	41,832	304,022	92,861	8,384	447,099
DEPRECIATION
At I January 2021	8,156	284,879	54,951	8,229	356315
Charge for year	1,795	2,360	4,934	155	9244
Elhninated on disposal	(429)	(524)	(7,514)		(8,467)
At 31December 2021	9,522	286,715	52,371	8,384	356,992
NET BOOK VALUE
At 31December 2021	32,310	17,307	40,490		90,107
At 31 December 2020	34,105	19,667	19,153	155	73,080
HERITAGE ASSETS
					Total
					I
MARKET VALUE
At 1 January 2021 and 31 December 2021					1,979,025
NET BOOK VALUE
At 31December 2021					1,979,025
At 31December 2020					1,979,025

STOCKS
		2021	2020
			E
Finished goods		6,028	6,091
DEBTORS:AMOUNTS PALLING DUE WITHIN ONE YEAR
		2021	2020
			f.
Trade debtors Other debtors		1,135 34,008	175 8,923
		35,143	9,098
CREDITORS: AMOUNTS PALLING DUE WITHIN ONE YEAR
		2021	2020
			f.
Trade creditors Social security	and other taxes	1,183	2,811 874
VAT Other creditors		2,746 161	4,975 187
Accruals and deferred income		9,161	4317
		13,251	13,064

	2021	2020
	E	E
Within one year		211
During the year the charity paid lease payments ofEnil (2020:E533).
MOVEMENT IN FUNDS

MOVEME	NT IN FUNDS
			Net	Transfers
			movement	between	At
		At 1/1/21	in funds	funds	31/12/21
			E	f.	E
Unrestricted	funds
General fund Revaluation reserve Designated aircraft relocation reserve		378,469 1,966,364	201,681	(100,000) 100,000	480,150 1,966,364 100,000
		2,344,833	201,681		2,546,514
TOTAL FUNDS		2,344,833	201,681		2,546,514

			Incoming	Resources	Movement
			resources	expended	in funds
			E	E	E
Unrestricted	funds
General fund			365,476	(163,795)	201,681
TOTAL FUNDS			365,476	(163,795)	201,681
Comparatives	for movement	in funds

					Net
					movement	At
				At 1/1/20	in funds	31/12/20
				E	E	E
Unrestricted	funds
General fund				426,703	(48,234)	378,469
Revaluation	reserve			1,966,364		1,966,364
				2,393,067	(48,234)	2,344,833
TOTAL FUNDS				2,393,067	(48,234)	2,344,833
Comparative	net movement		in funds, included	in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				E	E	E
Unrestricted	funds
General fund				112,750	(160,984)	(48,234)
TOTAL FUNDS				112,750	(160,984)	(48,234)
esi nateda'	c	re ca'	n e rve: representsfundsdesrgnatedforrelocatingtheHPHeraldin2022.

					2021	2020
						6
INCOME AND ENDOWMENTS
Donations aad	legacies
Gifts						1
Donations					186,037	11,734
Subscriptions					3,397	5,111
					189,434	16,846
Other trnding	activities
Fundraising events					35,989	1,260
Bookshop and other sales					47,780	33268
IWM Partnership Agreement			fees		40,000	40,000
					123,769	74,528
Investment income
Deposit account	interest				1,590	1,859
Charitable activities
Grants					50,835	19,517
Other income
Gain on sale of	tangible fixed assets				(152)
Total incoming	resources				365,476	112,750
EXPENDITURE
Charitable activities
Wages					65,628	92,325
Social security						1,627
Pensions					874	1,315
Insurance					13,822	14,105
Equipment reps'us, maintenance				and fuel	26,187	9,770
Selling costs					8,146	2,246
Members' events					63	130
Airshowe					2,697	1,938
Stationery. conunimications Bank charges and interest			and	marketing	3,225 2,012	3,531 5,348
Travelling					4,959	705
Miscellaneous oflice costs					18,980	11,456
Donations					116
Goods for resale					1,083	1,875
Office and yard rent Depreciation oftangible		fixed assets			1,999 9344	3,129 8,834
					159,035	158,334

Charitable activities
Other
Audit or examination fees
Total resources expended
Net incomot(expenditure)

2021 f	2020f
4,760	2,650
163,795	160,984
201,681	(48034)