REGISTERED COMPANY NUMBER: 01682401 (England and Wales) REGISTERED CHARITY NUMBER: 286794
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
FOR
DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 | to | 18 |
DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Trustees who are also Directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 October 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
FINANCIAL REVIEW
Going concern
At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore continue to adopt the going concern basis of accounting in preparing the accounts.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
01682401 (England and Wales)
Registered Charity number
286794
Registered office
De Havilland Aircraft Museum London Colney Hertfordshire AL2 1BU
Trustees
L Burrage A Crichton B Pickering K F Loates (appointed 27.3.25) J J Sanders (appointed 9.3.26)
Independent Examiner
Zubair Arshad FCCA, ACA Ad Valorem Accountancy Services Limited Chartered Certified Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keynes Buckinghamshire MK12 5NN
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Bankers
Barclays 16-18 St. Peters Street St. Albans AL1 3LP
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
At the start of the year seven Trustees guided the volunteers in fulfilling the Museum's mission and Memorandum of Association. However, during the year a small group of volunteers expressed a concern regarding the direction in which the trustees appeared to be taking the museum. This resulted in the resignation of four of the Trustees. In response to this the remaining Trustees initiated a full review of the museum's governance with a view to establishing best practice for the Museum. This review remains ongoing with delays caused by the availability of suitably qualified external consultants. The results will be presented to the members once the review is complete.
The number of unfilled mid-level management positions remains a concern. Whilst the position of Events Manager was filled in January 2025 following an advertising campaign, numerous positions including those of Membership/Registrar, Fundraising, Marketing/Public Relations, Collections/Exhibit, and Aircraft Keepers remain vacant. Bookkeeping has been outsourced to an independent firm of qualified accountants whilst all payments to suppliers and to volunteers remain with the Trustees.
Work was initiated to centralise the aircraft/exhibit work review process with the Restoration Committee. The Committee incorporates our aircraft/exhibit experts and is at the right level to evaluate and recommend work projects. All aircraft/exhibit proposals and budgets are submitted to them to access and prioritise. The Committee will forward their recommendations to the Trustees for review, approval and funding. The Committee will allocate individual project budgets, manage funding reallocation's where necessary and recommend methods to resolve any extraordinary issues to the Trustees. Once agreed the Team leader is expected to manage the project to completion reporting any unexpected issues to the Restoration Committee.
Although delayed, the basics of the plan presented at the 2023 AGM remain.
The fuselage of the Dragon Rapide has been moved into the Geoffrey de Havilland hangar. The extra height afforded by this move has allowed the stub wings and undercarriage to be fitted preparatory to full final assembly in 2025. This move has also allowed for a full, in-depth review of the museum's exhibits and the production of a timetable for future airframe moves.
In commemoration of the DH88 Comet aircraft success in the MacRobertson England to Australia Air Race a special exhibition of memorabilia was mounted around the museum's full size film prop DH88.
Work has commenced on the restoration of the Sea Vixen exhibit which has suffered from weathering of this outside exhibit. The work is weather dependent but good progress is being made.
The fabric of the Museum was addressed ensuring the Museum is compliant with health and safety legislation, roof replacement options investigated, a Costed Condition Survey completed allowing the development of a multi-year site maintenance plan, the spray booth reinstatement initiated, the AJH visitor experience restored, the Café redesign process started and undertaking preliminary Arts Council England grant application work for a new WGH roof.
During the year a computer software system was introduced allowing volunteers to record the hours they volunteer at the museum and to record time spent working off site and at home. A further analysis allows for identification of the type of work undertaken. This has already been of considerable benefit as it has identified the very substantial number of hours worked by volunteers in all areas of the museum's operation.
Community support has been enhanced through further development of an expanded school offering, support for local charities, work experience, Duke of Edinburgh, Scouts and Guides visits, group tours (U3A, Club visits, etc.) and hosting visits by groups with special needs.
Finally, the Trustees would like to thank the volunteers and everyone else involved with the running of the museum for their hard work and support in earning the TripAdvisor Travellers choice award which puts the museum in the top 10% of attractions worldwide.
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2025
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. A Crichton - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED
Independent examiner's report to the trustees of De Havilland Aircraft Museum Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Zubair Arshad FCCA, ACA
Ad Valorem Accountancy Services Limited Chartered Certified Accountants 2 Manor Farm Court Old Wolverton Road Old Wolverton Milton Keynes Buckinghamshire MK12 5NN
Date: .............................................
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 49,183 Charitable activities Admission fees 168,013 Grants and sponsorship 34,320 Supporters subscriptions 9,183 Event income 43,712 Premises hire for filimings etc. - Experience: (visitor) 6,259 Investment income 2 3,586 Total 314,256 EXPENDITURE ON Raising funds 11,411 Charitable activities Direct costs 32,155 Staff costs 42,265 Share of support costs 69,025 Share of governance costs 22,373 Depreciation 3,796 Total 181,025 NET INCOME/(EXPENDITURE) 133,231 RECONCILIATION OF FUNDS Total funds brought forward 1,637,181 TOTAL FUNDS CARRIED FORWARD 1,770,412 |
Restricted funds £ - - - - - - - - - - - - - - 59,940 59,940 (59,940) 1,708,464 1,648,524 |
2025 Total funds £ 49,183 168,013 34,320 9,183 43,712 - 6,259 3,586 314,256 11,411 32,155 42,265 69,025 22,373 63,736 240,965 73,291 3,345,645 3,418,936 |
2024 Total funds £ 33,006 180,946 2,660 12,352 34,738 1,565 4,515 4,371 |
|---|---|---|---|
| 274,153 | |||
| 5,353 17,606 20,499 36,916 15,014 65,151 |
|||
| 160,539 | |||
| 113,614 3,232,031 |
|||
| 3,345,645 |
The notes form part of these financial statements
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
BALANCE SHEET 31 OCTOBER 2025
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 930,900 Investments 8 1 930,901 CURRENT ASSETS Debtors 9 440,286 Cash at bank 427,153 867,439 CREDITORS Amounts falling due within one year 10 (27,928) NET CURRENT ASSETS 839,511 TOTAL ASSETS LESS CURRENT LIABILITIES 1,770,412 NET ASSETS 1,770,412 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 1,648,524 - 1,648,524 - - - - - 1,648,524 1,648,524 |
2025 Total funds £ 2,579,424 1 2,579,425 440,286 427,153 867,439 (27,928) 839,511 3,418,936 3,418,936 1,770,412 1,648,524 3,418,936 |
2024 Total funds £ 2,684,653 1 2,684,654 278,599 425,551 704,150 (43,159) 660,991 3,345,645 3,345,645 1,637,181 1,708,464 3,345,645 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
BALANCE SHEET - continued 31 OCTOBER 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. A Crichton - Trustee
The notes form part of these financial statements
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
In the application of the Group and Charity's Accounting Policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
It has been judged that the fair value of all assets and liabilities is equal to book value, and a number of estimates have been made to calculate accruals as at 31st October 2025.
INCOME
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation unless the performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Grant Income is recognised at fair value when the charity has entitlement after any performance conditions have been met, it is probable that the income will be received, and the amount can be measured reliably. If entitlement is not met, then these amounts are deferred.
Income from Charitable Activities and Trading Income are measured at the fair value of the consideration received or receivable for services rendered and is recognised as the services are delivered.
EXPENDITURE
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required, and the amount of the obligation can be measured reliably.
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
1. ACCOUNTING POLICIES - continued
EXPENDITURE
Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative payroll costs. These are incurred directly in support of expenditure on the objects of the charity. Where support costs cannot be directly attributed to headings, they have been allocated to expenditure on charitable activities on a basis consistent with use of the resources.
CHARITABLE FUNDS
Unrestricted Funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Where Restricted Funds have been provided to the charity for particular purposes, it is the policy of the Board of Trustees to carefully monitor the application of those funds, as and when received, in accordance with the restrictions placed upon them.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 10% or 17% straight line Plant and machinery - at varying rates on cost Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on cost
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The charity and its subsidiary operate defined contribution pension schemes for all qualifying employees.
The assets of the scheme are held separately from those of the group in an independently administered fund.
The charge to the statement of financial activities in respect of defined contribution pension schemes was £4,688 (2024: 440).
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Deposit account interest | 3,586 | 4,371 |
| NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | ||
| 2025 | 2024 | |
| £ | £ | |
| Depreciation - owned assets | 63,736 | 65,151 |
| Hire of plant and machinery | 7,199 | - |
3. NET INCOME/(EXPENDITURE)
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.
TRUSTEES' EXPENSES
During the year the expensed reimbursed to trustees totalled £66.65 (2024: nil).
5. STAFF COSTS
| Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Administration |
2025 £ 37,577 4,688 42,265 2025 1 |
2024 £ 20,059 440 |
|---|---|---|
| 20,499 | ||
| 2024 1 |
No employees received emoluments in excess of £60,000.
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
| 6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 33,006 Charitable activities Admission fees 180,946 Grants and sponsorship 2,660 Supporters subscriptions 12,352 Event income 34,738 Premises hire for filimings etc. 1,565 Experience: (visitor) 4,515 Investment income 4,371 Total 274,153 EXPENDITURE ON Raising funds 5,353 Charitable activities Direct costs 17,606 Staff costs 20,499 Share of support costs 36,916 Share of governance costs 15,014 Depreciation 5,221 Total 100,609 NET INCOME/(EXPENDITURE) 173,544 RECONCILIATION OF FUNDS Total funds brought forward 1,463,637 TOTAL FUNDS CARRIED FORWARD 1,637,181 |
Restricted funds £ - - - - - - - - - - - - - - 59,930 59,930 (59,930) 1,768,394 1,708,464 |
Total funds £ 33,006 180,946 2,660 12,352 34,738 1,565 4,515 4,371 |
|---|---|---|
| 274,153 | ||
| 5,353 17,606 20,499 36,916 15,014 65,151 |
||
| 160,539 | ||
| 113,614 3,232,031 |
||
| 3,345,645 |
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
7. TANGIBLE FIXED ASSETS
| COST At 1 November 2024 Additions Disposals At 31 October 2025 DEPRECIATION At 1 November 2024 Charge for year At 31 October 2025 NET BOOK VALUE At 31 October 2025 At 31 October 2024 |
Freehold property £ 3,049,881 - (42,774) 3,007,107 380,891 59,940 440,831 2,566,276 2,668,990 |
Plant and machinery £ 122,141 - - 122,141 116,633 1,032 117,665 4,476 5,508 |
Fixtures and fittings £ 17,530 - - 17,530 7,375 2,539 9,914 7,616 10,155 |
Computer equipment £ - 1,281 - 1,281 - 225 225 1,056 - |
Totals £ 3,189,552 1,281 (42,774) 3,148,059 504,899 63,736 568,635 2,579,424 2,684,653 |
|---|---|---|---|---|---|
8. FIXED ASSET INVESTMENTS
| FIXED ASSET INVESTMENTS | |
|---|---|
| Unlisted | |
| investments | |
| £ | |
| MARKET VALUE | |
| At 1 November 2024 and | |
| 31 October 2025 | 1 |
| NET BOOK VALUE | |
| At 31 October 2025 | 1 |
| At 31 October 2024 | 1 |
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the following:
Mosquito Aircraft Museum Ltd
Registered office: Salisbury Hall, London Colney, St. Albans, Hertfordshire, AL2 1BU. Nature of business: Gift shop and café
| Nature of business: Gift shop and café | |||
|---|---|---|---|
| % | |||
| Class of share: | holding | ||
| Ordinary | 100 | ||
| 31.10.25 | 31.10.24 | ||
| £ | £ | ||
| Aggregate capital and reserves | (128,436) | (91,330) | |
| Loss for the year | (37,106) | (39,423) |
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
| 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Amounts owed by group undertakings Other debtors Prepayments 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Other creditors Accruals and deferred income 11. MOVEMENT IN FUNDS At 1/11/24 £ Unrestricted funds General fund 1,637,181 Restricted funds Aircraft Museum Hanger 1,708,464 TOTAL FUNDS 3,345,645 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 314,256 Restricted funds Aircraft Museum Hanger - TOTAL FUNDS 314,256 |
2025 £ 100 435,073 4,572 541 440,286 2025 £ 253 313 27,362 27,928 Net movement in funds £ 133,231 (59,940) 73,291 Resources expended £ (181,025) (59,940) (240,965) |
2024 £ 1,574 266,395 6,807 3,823 278,599 2024 £ 385 42,774 - 43,159 At 31/10/25 £ 1,770,412 1,648,524 3,418,936 Movement in funds £ 133,231 (59,940) 73,291 |
|---|---|---|
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/11/23 in funds £ £ Unrestricted funds General fund 1,463,637 173,544 Restricted funds Aircraft Museum Hanger 1,768,394 (59,930) TOTAL FUNDS 3,232,031 113,614 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 274,153 (100,609) Restricted funds Aircraft Museum Hanger - (59,930) TOTAL FUNDS 274,153 (160,539) A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1/11/23 in funds £ £ Unrestricted funds General fund 1,463,637 306,775 Restricted funds Aircraft Museum Hanger 1,768,394 (119,870) TOTAL FUNDS 3,232,031 186,905 |
At 31/10/24 £ 1,637,181 1,708,464 3,345,645 Movement in funds £ 173,544 (59,930) 113,614 At 31/10/25 £ 1,770,412 1,648,524 3,418,936 |
|---|---|
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2025
11. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 588,409 | (281,634) | 306,775 |
| Restricted funds | |||
| Aircraft Museum Hanger | - | (119,870) | (119,870) |
| TOTAL FUNDS | 588,409 | (401,504) | 186,905 |
12. RELATED PARTY DISCLOSURES
During the year the company made an interest free loan of £168,678 to Mosquito Aircraft Museum Ltd, its Subsidiary company. At the balance sheet the amount outstanding was £435,073 (2023: 266,395).
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Deposit account interest Charitable activities Grants and sponsorship Admission fees Supporters Subscriptions Event Income Premises Hire for Filming etc. Experience: (visitor) Total incoming resources EXPENDITURE Other trading activities Direct Costs Other Costs Charitable activities Wages Pensions Support costs Management Hire of plant and machinery Rates and water Insurance Light and heat Telephone Rent Cleaning IT Software and Consumables Special Event Hosting Costs Staff Training Carried forward |
2025 £ 49,183 3,586 34,320 168,013 9,183 43,712 - 6,259 261,487 314,256 6,443 4,968 11,411 37,577 4,688 42,265 7,199 2,540 4,447 51,725 4,279 897 - 122 1,728 89 73,026 |
2024 £ 33,006 4,371 2,660 180,946 12,352 34,738 1,565 4,515 |
|---|---|---|
| 236,776 | ||
| 274,153 3,354 1,999 |
||
| 5,353 20,059 440 |
||
| 20,499 - 2,493 13,880 5,032 4,329 - 270 289 - - 26,293 |
This page does not form part of the statutory financial statements
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DE HAVILLAND AIRCRAFT MUSEUM TRUST LIMITED T/A DE HAVILLAND AIRCRAFT MUSEUM
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2025
| Management Brought forward Subscriptions Commercial: Event Catering Costs Activity: costs Repairs and renewals Depreciation of tangible and heritage assets Finance Bank charges Governance costs Accountancy and legal fees Total resources expended Net income |
2025 £ 73,026 340 - 2,858 24,956 63,736 164,916 134 22,239 240,965 73,291 |
2024 £ 26,293 886 7,818 1,919 17,606 65,151 |
|---|---|---|
| 119,673 138 14,876 |
||
| 160,539 | ||
| 113,614 |
This page does not form part of the statutory financial statements
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