##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||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)|