2022-12-31-accounts - Duxford Aviation Society

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	To continue	to maintain the British Airliner Collection and DAS Military Vehicle collection	to maintain the British Airliner Collection and DAS Military Vehicle collection	in the best
	possible condition.
	Tofocus on the presentation ofthese assets sothat visitors to Duxford, and the outside world			(via various
	media), have the opportunity to view and enjoy historic airliners, military vehicles and mtefacts.
3.	To continue	towork closely with the IWM in areas such as miTitary vehicle conservation,	air	show security,
	education and suntegy development.
4.	To pmmote	and enhance the British Airliner Collection 'brand'.
5.	Tobecome	a cenue ofexcellence for information and data on historic British Airiiners.
6.	To continue	toauract new members. particularly those with skills and experience that would		be beneficial to
	the Society.
	To continue	the development and updating ofihe Strategic plans that ensums the Society's	collections can
	continue to	be available and accessible to the various stakeholders in whatever developments		take place at
	IWM Duxford.
8.	To continue	to develop succession plans for key roles within ihe Society.
9.	To develop	marketing and income generation plans that serve the dual pmpose ofeducating people and
	developing	various ways ofmising funds to maintain ihe Society's collections.
10.	To continue	towork under the Partnership Agreement with IWM and look to develop further		opportunities
	to work together
11.	To maintain	accreditation ofthe Duxford Aviation Society Museum.
12.	To continue	to develop and promote our retail offerings (shop and eBay)

Trustees
SCJeal
GRBeach
IJCox (resigned 8/3/2022)
SLPeachey (resigned	27/I I/2022)
PFArcher Chair
Mrs CM Eaves-Walton		{resigned 27/11/2022)
Ms M Vyletova
Mrs VTincombe
N Denton (appointed	8/3/2022)
M Smith
RWright (appointed	8/3/2022)
C Goldsmith (appointed		27/I I/2022)
Tfeasll rel'
SPeachey was Treasurer		until March 2022 and N Denton was Treasurer fmm lvhuch 2022.

SPeachey was Treasurer	SPeachey was Treasurer
Company Secretary
CGoldsmith
Independent Examiner
Staffords
Chartered Accountants
Unit I,Cambridge	House
Cambom Business	Park
Oakington Road, Girton
CAMBRIDGE
Cambridgeshire
CB3OQH
Bankers
CAF Bank Limited
25Kings Hill Avenue
Kings Hill
WESTMALLING
Kent
ME194JQ

		2022	2021
		Unrestricted	Total
		funds	funds
	Notes
INCOME AND ENDOWMENTS FROM Donations and legacies		84,027	189,434
Charitable activities Restoration and associated costs			50,835
Other uading activities Investment income Other income		209,893 1,786	123,769 1,590 (152)
Total		295,706	365,476
EXPENDITURE ON
Charitable activities Restomtion and associated costs		242,801	159,035
Other		4,190	4,760
Total		246,991	163,795
NET INCOME		48,715	201,681
RECONCILIATION OF FUNDS Total funds bmught forward		2,546,514	2,344,833
TOTAL FUNDS CARRIED FORWARD		2,595,229	2,546,514

		2022	2021
		Unresnicted	Total
		funds	funds
	Notes	6	6
FIXEDASSETS
Tangible assets	12	133,805	90,107
Heritage assets	13	1,979,025	1,979,025
		2,112,830	2,069,132
CURRENT ASSETS
Stocks	14		6,028
Debtors	15	18,500	35,143
Cash at bank and in hand		484,069	449,462
		502,569	490,633
CREDITORS
Amounts fathng due within one year	16	(20,170)	(13,251)
NET CURRENT ASSETS		482,399	477,382
TOTAL ASSETSLESS CURRENT
LIABILITIES		2,595,229	2,546,514
NET ASSETS		2,595,229	2,546,514
FUNDS	17
Unrestricted funds: General fund Revaluation reserve Designated aircra(t relocation reserve		628,865 1,966,364	480,150 1,966,364 100,000
		2,595,229	2,546,514
TOTALFUNDS		2,595,229	2,546,514

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

DONATIONS ANDLEGACIE	S
			2022	2021
			84.027	186,037
Donations				3,397
Subscriptions
			84,027	189,434
Included in subscription income	are movements	on defened income as follows:
			2022f	2021
Receipts in year (renewals and new member) Released deferred income from pmvious year				2,060 1,337
Income defened to the following	year
Subscription income recognised	in year			3,397

OTHER TRADING ACTI	VITIES
		2022f	2021 f.
Fundraising events Bookshop and other sales Recharges IWM Partnership Agmement	fees	100,S52 67,783 1,258 40,000	35,989 47,780 40,000
		209,893	123,769

INVESTMENT INCOME
		2022f	2021
Deposit account interest		1,786	1,590
CHARITABLE ACTIVITIES	COSTS		Direct
			Costs (see
			note 7) f
Restoration and associated costs			242,801
DIRECTCOSTS OF CHARITABLE ACTIVITIES		2022	2021
Staff costs Insurance Equipment repairs, maintenance Selling costs Members' events Aimhows Stationery. communications and Bank charges and interest	and fuel markeung	86,309 11,932 79,355 12,806 1,101 9,901 5,275 2,225 6.787	66,502 13,822 26,187 8,146 63 2,697 3$25 2,012 4,959
Tmvelling Miscellaneous office costs		9,500	18,980 116
Donations			1,083
Goods for resale Office and yard rent Consultancy Depmciation		2,697 5,89S 9,015	1,999 9,244
		242,801	159,035

Net income/(expenditure) is stated a	fter ch	arging/(crediting):
				2022	2021
				f,	6
Depreciation -owned assets Deficit on disposal offixed assets Independent Examiner's fee Independent Examiner's fee for other compliance work				9,014 4,190	9,244 152 2,785 400
TRUSTEES' REMUNERATION	AND	BENEFITS
M Vyletova, a trustee, was remunerated		for her services in arrcraft restomtion.	Charity	Commission	approval
been obtained in respect ofthis payment
			2022		2021
			f.
Trustees' salaries			3/59		3,082
Trustees' social security
Trustees' pension contributions
			3459		3,082

COSTS
STAFF	2022	2021
	f,
Wages and salaries	85,431 878	65,628 874
Other pension costs
	86,309	66,502

The average monthly number ofemployees during the yea	r was as follows:
	2022	2021
		I
Aircrafi restorauon	2	I
Miliary Vehicles restoration	I	2
Administrauon	8	6
Aucrafi stetvards	I
Militmy Vehicles drivers
	12	10

ANALYSIS OFTHE COMPARATIVE YEAR FOR THE STATEME	NT OFFINANCIAL ACTIVITI8'S
	Unrestricted
	funds
INCOME AND ENDOWMENTS FROM Donations and legacies	189,434
Charitable activities Restoration and associated costs	50,835
Other trading activities Investment income Other income	123,769 1,590 (152)
Total	365,476
EXPENDITURE ON
Charitable activities Restoration and associated costs	159,035
Other	4,760
Total	163,795
NET INCOME	201,681
RECONCILIATION OF FUNDS Total funds brought forward	2,344,833
TOTAL FUNDS CARRIED FORWARD	2,546,514

2.	TANGIBLE FIXEDAS	SETS
			Aircraft
			and	Fixtures
		Short	display	and	Motor
		leasehold f,	equipment f	fittings f.	vehicles f,	Totals
	COST
	At 1 January 2022 Additions	41,832	304,022	92,861 52,712	8,384	447,099 52,712
	At 31December 2022	41,832	304,022	145,573	8,384	499,811
	DEPRECIATION
	At 1 January 2022 Charge foryear	9,522 1,045	286,715 1,683	52,371 6,286	8,384	356,992 9,014
	At 31December 2022	10,567	288,398	58,657	8,384	366,006
	NET BOOK VALUE
	At 31December 2022	31,265	15,624	86,916		133,805
	At 31December 2021	32,310	17,307	40,490		90,107
13.	HERITAGE ASSETS					Total
						f,
	MARKET VALUE At 1 January 2022 and 31December 2022					1,979,025
	NET BOOK VALUE At31 December2022					1,979,025
	At31 December2021					1,979,025

4	STOCKS
.		2022	2021
		6
	Finished goods		6,028
15.	DKBTORSr AMOUNTS FALLING DUEWITHIN ONE YEAR	2022	2021
			6
	Trade debtors Other debtors	5,777 12,723	1,135 34,008
		18,500	35,143
16.	CREDITORS: AMOUNTS FALLING DUK WITHIN ONK YEAR	2022	2021
		f.	6
	Trade creditors Social security and other taxes VAT	1,856 2,013 9,702 179	1,183 2,746 161
	Other creditors Accruals and defened income	6,420	9,161
		20,170	13,251

MOVEMENTINFUNDS
		Net	Transfers
		movement	between	At
	At 1/1/22	in funds 6	fundsI	31/12/22
Unrestricted funds General fund Revaluation reserve Designated aircra(t relocation reserve	480,150 1,966,364 100,000	89,130 (40,415)	59,585 (59,585)	628,865 1,966,364
	2,546,514	48,715		2,595,229
TOTAL FUNDS	2,546,514	48,715		2,595A9

Net movement	in funds, includ	ed in ihe above are as fo	llows:
			Incoming	Resources	Movement
			Icsourccs f	expended	in funds f,
Unrestricted	funds
General fund			295,706	(206,576)	89,130
Designated airnaft relocation		mserve		(40,415)	(40,415)
			295,706	(246,991)	48,715
TOTAL FUNDS			295,706	(246,991)	48,715
Comparatives	for movement	in funds

			Net	Transfers
			movement	between	At
		At I/I/21	in funds	funds	31/12/21
			6	6	6
Unrestricted	funds
General fund		378,469	201,681	(100,000)	480,150
Revaluauon Designated	reserve aimtaft relocation reserve	1,966,364		100,000	1,966,364 100,000
		2,344,833	201,681		2,546,514
TOTALFUNDS		2,344,833	201,681		2,546,514

Comparative	net movement in funds, included	in the above are as follows:
		Incoming	Resources	Movement
		Icsourccs	expended	in funds
			6
Unrestricted General fund	funds	365,476	(163,795)	201,681
TOTAL FUNDS		365,476	(163,795)	201,681

				2022	2021
				f.
INCOME AND ENDOWMENTS
Donations and legacies Donations Subscripdons				84,027	186,037 3,397
				84,027	189,434
Other trading activities Fundraising events Bookshop and other sales Recharges IWM Partnership Agreement		fees		100,852 67,783 1,258 40,000	35,989 47,780 40,000
				209,893	123,769
Investment income Deposit account interest				1,786	1,590
Charitable activities					50,835
Grants
Other income Gain on sale oftangible fixed		assets			(152)
Total incoming resources				295,706	365,476
EXPENDITURE
Charitable activities				85,431	65,628
Wages				878	874
Pensions				11,932	13,822
lnsumnce Equipment repairs, maintenance			and fuel	79,355 12,806	26,187 8,146
Selling costs				1,101	63
Members' events				9,901	2,697
Airshoivs Stationery. communications Bank charges and interest		and	marketing	5,275 2,225 6,787	3,225 2,012 4,959
Travelling Miscellaneous office costs				9,500	18,980 116
Donations					1,083
Goods for resale				2,697	1,999
OBice and yanl rent				5,898
Consultancy Depreciation of tangible	fixed assets			9,015	9,244
				242,801	159,035

			2022	2021
				6
Charitable	activities
Other Audit or examination		fees	4,190	4,760
Toial resources e&7tended			246,991	163,795
Net income			48,715	201,681