REGTERED ¢I)MPAIIY PIUMBER-. 01734164 (Enyland Wales) REGISTERED UIARITY Nt114BER.. 287745 Unaudited V•nala1 Statements lor the year ended 31 Au¥u5t 2024 city of Norwl¢h A7hation Museum TC Group Yat8 Fkn5e 6244 RDad NRI IRY
City of Norwlth Aviaiion Museum ContÈnis of the Flnanclal Statements for the year ended 31 August 2024 R•port oftht Tr5•1 1 To 3 Ind•p•nd•rtl Exmln•¢• R¢wi Stat•m•nt of Flnan¢thl alanGo 3ho01 Notm to th• Finmcial Sl•kn•nts T to 14
City of Norwlth Aviaiion Museum IRtKistered nufter: 017341641 Report ol ihe Trustees for the year ended 31 August 2024 Thg trusl8es ar8 also drec1$ of tharty lorthe Jof11 2(K. pr85efrtj[ rewxt wlh finaal staletnpntsof Ihg charity lor tho year endgd 31 Aury512024 The Inle& ha¥• athpted Ihe k¥OVp5ion5 d Acwjnbw aj Re1 by Chaiibeg. S&lemonl ol Recommgnded Practice applicab io charil&s piepanrJ ¢AT aCuTrts in att(dance the FanCial RemrKJ Staat aprAKAble in UK Republic of Irdand IFRS 1021 ieflec1Ne 1 20191 The fin¢181 $ements have been p¢paret1 in attrydartr )untiJ s# W ) nfS io ts xo)ty7ts gnd Wilh the ¢h¥rty's governiNJ do¢urn9ni. ChaniÈs A¢1 2011 •nJ A¢¢tyJnling ¥ThJ Rwtbny by Ch¥tho$" SI4IBwi of Rp¢tsnwided P¢11¢9 •pplK8b10 ¢PrItIP$ preparing ther aG¢ount8 cOrdanCe wth the R4pL¥urwJ Sian¢Jwd apFablg in UK and of Ireland wtlished on 16 July 2014 las anwnded by Upthie Bulebn I puU15 on 2 FebrLWry 2016 OBJECTIVE8 AND ACTWITIES Obl•¢10$ and alms The tharlty's obpctlve Is the advwl of thfy ¢drN of by op¥r, mabiWnkng 8Tr1 eyThJlng 8 rnwum for pVell( and qihibilion ol $¢r&ft8th1 othwtoxtibits aty¢0 • hiwy ¢<#ty AJI r8ÉwJ by lh• ¢h#rity 1$ in pursuit 01th Ob¢¥8$. Publk beflt Th8 dir8Ctor5 confirTD that lTry ha due th• guKJrtt on btrll publi$W by th• Chrity G)ry¥bS. 8nd thai 811 m#ln #c'.fvitsè$ Iinrtonvn by t thHrily aro lrylhe bBnefil. R•l•tl•n4hlp$ Coffjp•rntlon¥ ThF ¢lianty gnN)1¥ 8 LI( Idaithbhip ¥nth 1WJ l>wp Asxu(m. eXkn9 ihe y•lhpipd by Ihis AstQCk¢n. Therq l¥ fio finanaal CneC beiwoen the tharily tho FIAF Itx) Cw and ine rdElion&hp waBtsJrthd and muiual oDFdive W• hAv oh 0gtffWl RAF 74 SIdro A6•oty4Ib thai •n èxh4kn(Jn 0bY ty th• W lotsk ftsfv44rd 10 .oporl4 tw wilhlho 74 A$S1WhhlUtyJTE WD•atthoThjrn. &ne(0 6th0 the Charity thy DrwlsEIIDn. ACHIEVEMENT ANO PERFIXW4N¢E Chrit4bl• ¥Klivth•4 W& dble to pOrt thai. d5Pne Incra5•0 •cOm pr•4wr•& vkilor numbws ¥iW•tyty m¥9kn8ty loi th• pr•410 y•ATS. W• 8r• constious Ihbt (Kqanisakns and sh on rKAWII dlsposahb In¢tsm• to 6p and In(ThaAIn lh• i ¢1 Iiwfby tot) ha¥& 8 rhathtd tfts¢i on ow A rn3r de¥dopmeni * the dunry Ihe 54r wa• thg r¢dvarrfm ol the bJwdBry al th¢ aid of Klujeum •lle. TN$ 0Thongemeryl ho1 incr9490d gi2• olih• pr•mvJw )d gN•D Mu$•um a u¥•lJy 9hAp•d gt• • rtgrrowtsp•r•S •i•• hirj b••n •xch•nwl foi i larg•r pigC• of wauiid Thr& work com•t¢d In 5prng Z024 iwosanied Ihe iiwD ol wdir9 captal projecis li Ihe finaDclal yeai. A lurthar benefit IS IMI d now long Trn l•as• Is In t proG•ss ol bthrg a¥••d M th• •At•TrJifwJ lh• oftho k¥owou5 knas•. Wa way8 pl88god 10 be ab 10 lulty (Won ltr bJlding Ml 202W3 In eatty 2024 Th1 eXbd8 rnov&I to tho fvlJs6um from the FonLind wé Norf<4k K4uwJm8s wdl •$ diwtys thtyifg the d¥epffj ol Nornith rt ihd Ulè hi8bxy ol thè iirfèld Irom tgJ8-1961 15•Th11 sqr¥od as RAF Hcnham Sl Fah. Re8lLYallon work conunued lo oui •xtribits dr$ Lh• yaai. PKyoJs (C0d to rnade w4•ri8. Pu5 have been gaittered dudng year io enabkn IN5 woth toconlknuèdthrvJ 202415 Ory8ni$8iion$ suc && oJr8 depj ¢onbn hot ba po$&blo tho vu0b ènd outstlndiw efforts olojr We tyjrqrèblude tolbe of w ery$. F114ANCIAL REWE Flnancial poilllon tn1steesconOerthl tro chBrfty Is In o Al1&rA poxkn aith&yefvJ trAdfrJbJsottS99.091 1111812023- £550.7241. Page I
City of Norwlth Aviaiion Museum IRtKistered nufter: 017341641 Report ol ihe Trustees for the year ended 31 August 2024 FINANCIAL REillEW Ro•erve¥ policy Tha GrItY holds an acoJrwLabJ 5uffKKnl paymentolthe exwises oloperakng the Museumfor6¢j tThe to CLxne. The I also exists to provid6 continwrw InfÈSW o19fdntak1 Nriects srthiid ir rttd arise. The Trustees conbnue to the of re5er¥e5 W by tre charity. These SelVes. in to bre suthenl io the rumhig fA)Sts ol Ihe Museum dunny o knrnew Irthme may Imrted. abo havÈW frythe wxthase dexhitsts. OpeTaliw cos15 Ihp ¥ue ol PDIen11 new exhibils hYe inLYgawJ wgnrfunlty rBcenl years aryj the ol tBs8ry05 held will aP60 need lo tse propomnally hher In adlIK. wilh t inveslrnanl rnade in tyJihJifvJ5 aTrJ Tacti85 the arrival ot thtiDnal ethibil& recallt years. addilvjnal aesSIbI?fun5 io beavaliible w (X)Vfr both anwpthi atKI rwair4rn1 ThwlrngiwrIce In the rnedium lo loroer lerrn. we ¥%ill need lo o)nsmJct fvrther exhtinion areas to enalAe the Museums exnd1 cdIeCtK io be a¢¢e$91bk putrdlc d19play and knprod Worksw enar4e 8ThJ wbrab¢Ji oflaw Furth wll need to be 8(med 10 FUTURE PLANS We continue iu work reggiThng Ix¥ we(¥#boh. knl th¥ of Nthth Road and thg re8ultanl sil11olioD concerniry OLY ase0 Ihe Mu5eLYD sle. A wmber dlr•clDr$ r$$I@d Ihgli in the surfmèr of 24 mgt of frusto9s h8¥0 Stalgd thdf Ini•nd¢Ji lo ••nd d¢yn nexl Ggrwiai 119019. Nth¥ WrEul19fj 8pwMnknJ by thp In aulwDn 2024- $09 infffinaiiDn la[ in knis report We shoLld rocord torthE 3orvKo 9en to Museumby th9 In 202314 Th ol Norwi¢h A¥LJtshMu¥•um fi¢es ¢hlknw8 ** tt)styol ¢pw¥brw) thè W• to look fr)T way$ lo cwlain d rodwo our 0por41g tSIS and a CtrOLwaIiTr In 2024 ttKh hJ5 wodLud saviny¥ on IDpul% bonofil of bulk purchasin9 ha5 pro¥on lo be aantageow. A combM8iYm olwp ty1r0 of&i onlhe buldiw hwe CDSI ofoirlly 10 lh• Museum gignili¢anUy. W• aim io contiNè to oxwd and d•¥•kplh• klu5•umiwdsth• Mwk4Ys•Ylakn h•riW. STRLKTURE, GOVERNJ4CE AND IAANAGEMEWT Gov•rnlng docum•nt Tho cnaiity Is e company Illed by OLwrontee. kncwatsd on 23 1913 •nd YtyMI ty 1$ 1•4Muandn Artthi ol A¥wc4•lbn. Th? Il•blllty of •Ach m•n•r In th• t ofW up h IlTrll•d to t1.W. Organl•allon•l •truclur• I mti or IluclloTh4 titttciiw day day ftjnnlng Ot th• Ilos• that wll 8ll•¢t ib fviur• •r• iak•n Ai moniNy dlrtttDr$ m•ètlThg$. A qutsThim tsl frtui dir•.rtnTg it ityu8d fty • rfie6tiNJ rfr¢esswy, ¥trwov•o byoffi•Kty ¢h8ifm8rn h•vlnu 8 ¢&Slino votts. Indudlon and lrnlnlng olrw New dyeciois are Irard by eMistrwdiiKiryB arf è19 appcinifjd by al 7[1 Gwei Meeiing$. New 01reci5 maae 14millai Wllh Ih¥ir kngal oblgalkns chaily and cornpany law. the 0)nn[S ol the 1an1.¥ and ArtKges ol AssLKH'.lQn, ihe rn4klng proc#s5 r•cent lThanc481 rl thè thanty. tw•cicrfs ate ait•nd4wryt •At•nttl tmnmg eventg wharn th•5e lll I1¢ie und•rtBklng of tr roK• Rlik man¥u•m•nt Tho diip¢i¢rs ¢oniinu8 to the Ma Iw ts ctofity ¢knicwJ •ys6 to Itt fw8 10 any Ih•l IeY rnay have. Piw8thJies w1 foi I1 ano ol ItansKTh. ThBiiiaitei8 tsubl * ongoing reVW and the direGtar8 are 5absfwJ tral sysieffffj In pkn iorniLbJate itscorW5 •xuwJre REFERENCE AMD ADMMSTRAnVEDETAILS R&gltr•d ¢tp•hY humty•r 01734164 {EngIa and Waiegl Regiatsred Chaty 287745 Old NJThyich Rood Hotsham St Faith Notw Norfdk NR10 3JF Page 2
City of Norwlth Aviaiion Museum IRtKistered nufter: 017341641 Report ol ihe Trustees for the year ended 31 August 2024 Tru$¢ Ms K 8arwi Kcskwr J Taylor larwnted 18.10 241 R J Walden {reWed 12.1023} D N Waiers Ire&gned 2.6.241 C S Keyrison fvl Thirup Ire¥igned 2 6.241 T R D lappoilltj 16.10.241 Irwned .3.24> T R D Emrns laFyohYtwJ 18.10.241 Irwnad 22.3.24) THE?dy R PolIn9 Iresgned 3.6 241 K DH¥ies larwrrted 12.10 IJ) Ireggnbj 4.6.241 S M D•y lappoinied 12 10 231 C Gaibrailh smith18ppoiniod 12 10.23llrMwd 22.3 241 Ms N C E Ba16s lapwynled 18 10 241 J A6ines lappoint•d 18 10.241 N T cknx1on1pIntd 18 10 241 R N Fr?Imor 18 10.241 W L FGr•isnn (appOted 18.10.241 Dr J F Roww (apwlett 18.10.241 Indvpndllnl Exirnln•r Ellzab4th Claxtsn FCA FCG4 TC Group AccountantH Yar¢ House 62.64 Th¢Yp8 Notwk Nortdk NFII IRY Thro rtport has b ity i¢¢trdarte with ol P1 15 oftho Cthipansd 26 smol etyhwnk*&. rtsMd by ord•1 ol ith• b)•rd ol trugt••• 2025 rj b•thdlty'. K C Shyr.TwJt•• Page 3
Independerht Examiner's Report to the Trustees of City ol Norwith Aviaiion Museum IndEpEndEnt Teport tothEtru51Ee5 GIC Avlatkn fttK comy7 I report to Ihe char/Slee5On myexaffination acrthmts dthe ConnY futhe yeare• 31 AwuSI 2024. R•$pw$lbllll¥ on¢1 bo$1$ otr•p A5 the charity's Iru81895 ol the ComJany (a 0 Its OiifftoY¥ thB wrp058s oli¥wy Lvwl 8r0 the We9[ation vf in accordaTKe vénh the requIrewts olthB CoThpanS Act 20r60 2006 Att}. Having salislied rny5eW that the aoUnts ol thpany not required to be audited under Pwt It ot the 36 Act are 01e independent eMamKalion. l ieport in respect ol rny eminatr ofywr Gnts as caryied out sec1N 145 of the Charities Aci 2011 2011 A>. In CArry9 Oul my examinèhon I have follc4ed the threditms thecthariiyCfftsStt S&ts) 14515}{bl the 2011 ArA. Ind•pvnd•nl •x•win•rfi ttsl•mrrt I hav8 cornploL8d my Wwn1nat. I crrn hav•iw gfying m• lo b•lwv•.' G¢OUDtsng wefe r1 kept res olthe CThny asrequiBd by Se(on 386 of the or the acwunlsth not aGrd wlh tM5e reco". the acc)unis do noi compty actthntmg reojifens of oflfie 2fj Aci other ary requeI IhAI the o[nIS give a true and falrvw whith 1$ a m8llo1 ¢onSK( •8 parf an or tho aCrTri8 hav8 not b88n piopar8d In (0[dth ofthB tal8mt ol Prac1 foT accounbng and i¥pDrbry by tt9 iaLWicaW b) Chwtsgs pwth9 In th• st9ard app1W In thg VK 8nd RewblE Df Irgknd IFRS 10211. I hB¥e no concerrbs urnè across no othEr rner5 the be dra In iepDrt In ordfrr to enabb 8 ry¢per Underand9 of ocrwntstobe rethj. E112ab•th C14xion F¢A F¢¢A TC Group Accounlantts Yam Hnuse 62.64 Rc Norwv Norfdk NRI tRY 6 Fèbruary 2025 Page 4
City of Norwlth Aviaiion Museum Siatement of Finandal Arti¥lties Ilncorporatln8 an Income and Expendlture Accountl for the year ended 31 Au4u5t 2024 2024 Totsl fund5 20Z3 Total fund5 Unrestricted fund5 Restrirted fund INCOPIE ANO ENDOVIMENTS FRC41 Donalons and IacifI5 10,0 IYASD PA),372 113.437 37.715 113.437 37.775 109,484 36,716 Othertradin9 a(vni8$ Invèsbnent Total 43,641 43,841 42,733 217 301 270 968 expeNDITUAe o Raising fwd¥ 13.679 23,679 23,012 h•riiabl••¢Uwitl•• 127.442 127.442 101,195 Mu5eurn Sttop T0141 146 28 NET INcE Tranif4YA b•hv4•n fund• N•1 fflty•m•rbl h lund• 3B.367 1Q.OUO 48.367 122,S80 19 36.)67 12,1 B.367 122,880 RECONCIL14TION OF FVIKIS Toial lJnds brouqht IonJard W.724 SYJ.724 428.D44 ToTL FUNDS ¢ARRIEO FORWARD 550 724 ThÈ notes form part of thesÈ financial statements Page 5
City of Norwlth Aviaiion Museum IRtKistered nufter: 017341641 Balattce Sheet 31 August 2024 202 Totzl funds 023 Tot31 funds Uniestricted funds Restricted lund FIXED ASSETS 13 14 323.972 323.972 325.022 Herilage a55e 34&183 345.883 349,361 CURRENT A35ETS stks 0$bs Cash al ba 15 16 5.600 4,71$ S,800 4.248 4.715 254.043 268,043 214,247 eREDThORS Amounl¥ lallkng du•vthhh y+l 17 113.0641 liJ.0691 NEf CURRENT ASSETS 203,123 TOTAL ASSETS LESS CURRENT L14BILlEs 586.157 552,4 REDtroR$ ArnpunLF fallg due yar 18 11.766} 11,7661 11,7861 NEf ASSETS FUNDS 14 55D 724 19 Unieiicied lun se5.lJ91 548,724 TOTAL FUND5 599 191 Thv ¢Trwrii¥ble eomp8hy isLDi18d lo oftréCLrysThotsA¢i 21(k8 fthy tré ytètwhd 31 AugU$I 2024. Thè m•mbor8 h0 not taqthd Ihe cornpeny TO an authte1118 nnwel ataiemwtstorfv ye•1 •fvJ•d )• AU&l2024 kn QCcOTdanc•Ih Sect 47e of the Cornpans Act 26. •n5wng that the thantable coryeny keqFO tCJnIThJ rKrKtsihJIcts ¥rith S•thiMs 386 Drtj J87 cfih• cpaTrs Aci 2CThahd prvpoilng Iiian¢ioI 01MentI ¢h 9ry o IrL ond 14lY vbfv 01 tho aiaie ol afrw6 wnpwy a$ al the of go¢h Iin•Dchl yoor and 01 rt5 surplu8 ry defKil e finaKial yaaT In ¥wih the requiwerts ol Seciw5 394 395 and whh otheThtris8 COM wilh the requkements d The Cornpankry5 Act 2008 rdaDr¥J to fin 5&7tthments. so larasaKIKabkntO ihe charthble company. fingndal $t8tomènl$ howo beon w8p8red in •rxtyd$r• 8pF4ktl•knth•nbury•ÈsctI0 tha wn•ll p•n$ rolllm Thp firban81 8tBrDpnl¥ wqro WIOWJ ty ihBod olTn*w8B J8tK48ry2025 wJn•d M h8 Ixhav by." S M D¥y- Trwi•• ThÈ notes form part of thesÈ financial statements Page 6
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal Statements for the year ended 31 August 2024 STATUTORY INFORMATION Cily ol Non¥Kh Aviation Museum ts a prvRle Imn&Y rdntee iOUt sh¥e Ca. registered m En9knd We5. The GonwnI5 reglstsred nwnbtt and re9siered office re$S can be rerKMioftr tlLsiees. ACCOLINTING POLICIES B•$ ¢f Fx•wing th• fi¢1•1 ¥t•knD•hts The Iinanoal SlatentS 01 the tharilabb cory3ny. 15 a Wil entrty FRS 102. have boen wppared In ac(LYlae wilh ihe Chaiitses SORP IFRS 1021 A119 ar Report¥ by chaffi5. slaw8n1 of FIeC£vnmen< Pract awicable lo Charit5 prepaiipg iheir oun15 Ihg FlnatKtal R@tthng Sla41[ oppl(le n the UK * Re1= of Ir9Lwnd IFRS 102119fffjutr¢e l January 20191.. FIDanGial Reporknng sdad 102'The Fuhwc4al Rewthg Slandard appiable In UK anc of Irelantt and the CaTrs Act 2006. ThefinBnchi1 sialefflents havet)een piepBied underlhe his1u rtht fin¥ni81 st8t8moni¥ have tw b. Thp ¢ru$l88stsvoo)ns8d thp Dt I9 he and vd of10e and 9¥pclU9 ts 12 rnthS frDrnauttSrjlh95e firwv3181atfjrrts In ther ws8e55rnenl. Flwncwl r¢pDry slJnd•wd 102. wvthJc¢d The chartab g MPanY has thpnlage ol thp dsdwry eXpan in thBse fmandal statemen15, as pennrttod by FRS 102'Th2 FirboncMI R£wbng sIBard 8pr4KatAe UK Reputr4 cleW.' 9 1owlrwDts ol ofC8th FIty Incom• I Incom• [8 ty¢tswis•d in thtr si•wI ol rrt• h•8 8nbl•mth to th• il thai th• Iwom• be rcGoivo4 and tho amowl be m0 rdwy. exyndrtur• prObae thai a trdrAlw ¢1 •CrrfWxn b•rfilS ¥AI b• rnqUiT•d In and th• arr•Junl ol th• c4ln can b• Msured r•llably Expendliur• S acThid on èn atcruth ba8 and has ClaSld Lndtt haditys tosi T•t to th• cawory. Wh•r• ¢4s ¢Anwt ba T4nglbl• flx•d •tsts D•y•ci•uon 4llh• lo1ty479 ngI rdt•s Irol0• off ••th a0 ii•MUrn41gd uulul Id•. L•as•hJld ImkYo¥•Th EwIprnl Heiiiagg 86seiS rewised on Lhe wanc0 #negl It1lY al cosi kwi¢lt. A8•et8 ¥e $1819d 81 ¢051 les8 BCCUrnLlal£4 deproGraibll. Dewec4atll iNry IO% reduciry rn•lhoo. Por h•ihag• aAS•ts on th• bèL4n&• sh•8t as fftlcrmatth y8&l of sucfi ass•tS IS TIDt AvalkgN• arml tha tosi of provrflry $u¢h inlum&iiw tyJwany bfift0 80fth9 8¢¢thJtiisTh fi•luw and •mouni of ¢(#)aiad 886016 is swThfK4nllo Ihe meLffi. Aqui$iiion¥ ol heDl•P as¥et$ coti¥l ol aio•ft 8Viw wtef•Ets. at¥J av4e d[wl0010 ihe chatty. OT pJrcb¥¥ed by the ¢ty. Ihe Irusteg5 belhm al the asset ¥11 lurther chaiWs obpdryes. Onc• aCqre troy p*5eThed by charity In order lo eep Ihoii hlsloriG quallles and io &blite lo oviatknn krkndge ar rAhm. A all hlage assets tteld by thè tharlty bthry coMpld thè o89e15 thoms60S to tho public in tho rnuYQUfft, rf nton gthieralthpiay. kn Writh HonwAssotsarfrto bo Ino si•¢k• St(Kk&&e val at kywerol LUI and r1 rnHltyablvvaluv. aftqr rtems. Taxallon Tho charity is exernplfroffl eWAY8tkn 8rthrfi Fund 4CCLwnting Page 7
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 A¢COiINTING POUCIES-¢¢mllnu•d Fund accounting Reskncd funds only be used fot rthcllai rèsrthd wrtKWS within objects the tW Restrithms specw by thedonor or wnen fund5 are ra15ed Ic¢ re51ncied WQD5e5. FWlhereWanaQn ofthe n•uie pWp(eof fuThl 15 th)leS 10 the fin•ir4 Wtewis. P00Th costs and olhvr poitrf•tr•Th b•n•ffi• Chanble cornpany operdte5 a p10Th scheme Contrbjtxw paylo to Laritabl8 c¥& pan6 schBrne ara £haiged tp sla19[Tl of Firwdal Athlugs pEn( 10 rdaiB. Donalqd 9oods and No nount 1$ I1e Ihe Irm)1 stytenEnty fo. Ch8tld¢s SORP IFRS 1021'A¢¢oundrg and Rewting by ¢h$iil$." SloieiYWI of R0mMerd appliestlo to eh8tib8s piop8Mg th•r 8¢ownts in 8¢wrdan¢o wth Firw¢ial Reybng sttraj appliGablF in Ihe LM atKJ Fl0puy ol IFIqS 10ZI 1 January 20191. nwiL¥e of cOnlnbutThs suppled by volwtg•r¥ ¥I9nrfnt tothgcharily. No amunl Is lnrJL9d Inco ID the fiwrHI staMSt0rfiX•9 a5soI donKn5 WJ infryrnabDD cffj the valuaticffj 015uth a55ets Is Bvaitryble nd cost ol prthidirp sh Infcrntson expethd to Siwthc•Meh benefil to the uSW50fGrAlnts. DONATKINS AND LEIJACES 2024 2023 Donati8 Grants 17,844 78.336 OTHER TRANG ACTNrriE8 2024 2023 Fundilro everns Tea rocffl S749 4,7X) INVESTMENT INcE 2DZ4 2023 Inw8st w¢4¥ed Page 8
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 RAI FUNDS Lxhei trading actmtses 2D24 2023 Pwchases CHARtTABLE ACMVTtIES COSTS Supwrt costs Isee note 81 Direct Costs Totals Mugeum Museum Shop 74,642 52,800 127,442 6UPP(WCOST$ Governance C05t5 Mana8ement Tota15 NET INCOMEIIEXPENOITVREI Nelincom•1leyftjbs sknlèd aftqr chaWmthlTra}'. 2024 D•pieC81- owrd 8$801¥ Fees pald 1orindopet¥I Oih¢r $[00 adYk provthd by 9nteX•rfnQ Slock pen¥t 1S264 S194 6,222 5,660 4Q3Q7 43,558 10. TRUSTEES. REMUNERATK4 AND BENEFIVJ NO Irusioo ioc•ivL i¢munoiatw fr¢th ¢$rlty 1 ltr y••t. TLM81 wust •NY pwinpl r•muntrrotion beneflts wèrè EO. lJ118QJ- EOI. Tru•tw•' •xpvnM Dur9 yow 10 $1@8&(3112j- S Iwaro rqr*Lnod eXpoI244 {311B123. te3SSI STAFF COSTS 2023 Wage5 saLwe5 Other pen5Tr COSI9 41.gQ9 35,S88 93 Page 9
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 11. STAFF COSTS- tINud The aveia9e,manthty nUrber0fe5uring the asa 2024 2023 Museum Museum $wifeo Admitli1ll•bon 12. COMPARATIVES FOR THE STATEMENT OF F4AIICL4L ACTMTIES Unrestricted funés Restiitted fund Total funds INCOME A140 ENDOWMENT8 FROII Donations and le9acies 12,036 .336 80,272 ¢h4rttstrA• •ctfvtt usoum 109,484 36,716 109,484 36.716 42.133 1863 Y)2 632 42,733 1,8e3 270 968 Inveslrn•nl incorr Total EXpEIlTURE ON al5 (u(Ids 23,012 23,012 Charbtsble 4elMt Miisoum Mu$¢um shop Total 101,1 148.288 146,288 PIET Tranileis betweqD lund N•1 rnov•m•nt In lund• 122, 116.336 170,680 16.536 14A.0001 122,880 RECONCILIAnON OF FUNDS Tolal broughl toTh¥ard 378,044 .000 428,044 TOTAL FUND8 CARAieD FORWARD 518 n4 550 724 Page 10
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 13. TANGBLE FIXED AssErs Leasehold impiovements Equipment TDia15 OST Al I Sfptettknt 2023 3n.¥11 32,832 410.443 Al 31 gUSt2024 DEPRECiITION At 1 Sepi¢rf&¢r 2023 Chargé for year At 31 &gLst 2024 NET BOOK VALL At 31 knuLts12024 At 31 AJ9uyI 2023 392.125 42 32,532 65T 66.722 18,6 1.383 85,421 12450 13833 311 189 325 C?2 HERITAGE ASSETS Total MARKETVALUE Al I sPtli)be1 2rk3 31 Aw812024 PROVISIONS Al I Sgpl&nibei 2023 Charqe fur yèai Al 31 9$1 2024 NET BOOK VALiIE Al 31 Augu 2024 Al 31 gu12023 61 37,508 •n•ty•l ••••¢iI•W¢II• 3111r23 3118r23 311 3118121 311&?0 C(1 in the y 9.250 9.7 Danat4d 8ysqtB notrecogrised kn th• b&hl1 ehHrg• tr rnpalrTrwnl In th• pai CthTyinO amoutyi ol èsstts > Procv$ dwo¥al$ Page 11
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 15. ST(KKS 2023 sthcks 16. DE8TCIIS.. AMOIJMTS FALU14G OLIE WTAIN YEAR 2023 prepaents and attCr 4248 17. REDrroRS.. AMQUNTS FALLING DUE WITHIN QNE YEAR 2024 2023 Trade cre¢AtLYS 5(tW %e¢uilty an¢ othei toxes Oiher Lxeditors 5.52 595 913 18. CREDifoR$.' MIQUNTS FALLING OUE AFTER MORE TIiAN YE 20Z4 X)23 Other uedlWS 19. MQVEIIENT IN FUNDS Net movement Transfers between funds At 31.8.24 At J.9.23 Unrestrkted General lu omb818 dewAt• 31,367 12.ODD 88S,029 $18.724 Je,367 12,0001 585.Q51 R••triL¥•d fvnd• ostncicd lund 10.00 14,QlO TOTAL FIJNOS 48.367 Nel In fuB. #KIdIDth¢ we •$ Incomin8 re50urce5 Rosources expended Movement in funds nr••trkt•d fvn G4ntJfal hjnd 207.301 1188.9341 38,387 RHtrl¢tsd fvnds Rgsirided fund 10.1)N) 10.000 TOTAL FVPIDS 217 301 Page 12
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 19. MOVEfiENT IN FUNDS- ¢Offtllnu•d Comp¥alives for moyernem infd$ Net movement in funds Transfers between funds At 31.8.23 At J.9.22 ilnr•stri¢t•d Goneral lund m¥iT1b¥ )77.982 116.) 82 548,724 378.rM4 51.344 116336 Retrithd fund Rostn¢ipd lund 6J.336 1116.3361 TOTAL FUNDS JSO 724 CDmporali¥ net mrwemenl Infijnds. mrJwl8d m th60be?5frIkM.' Intomin8 resources Resourtes expended Movemeni In fund5 Llnr••trkt4d lun¢ 202.632 1148 2881 ReJtrlo•d fvndl Resincsod fund 68,338 68,336 TOTAL FUNDS 27,) 9e4 148 2881 R•ittl(4d fundA DUT( yew £1J.(LK)ollrK•m• w& F•nkndkn F•knJ H1. T1 rqm•h•d hr•s0dJfvytr aitt wr •thY. Fulw•buldlny prol•¢t fiJrttter £2.000 waB rnovedtrom 9DMi• rnatrkted frJfvJ5 dthe >Ywln rqlthnto trjiwe trAhJiry pr4oLgJ. V¥l¢•n •lr¢¥•n £?.000 •iso romains iLV)d rethLknJfcit ry08WV8bOrt tyfth? Wl(n fund chanty ld 3 lu Muum gofgguorthng Di119 tho yw f15.tWw85 mo%d into• fvnd ty mwim Two •snD exfftbJr¢ fAJt orth14 the ye8r. F•nM r••liwm•nl DUT9 Ihp year El5.000 Lknunaknjfurvj e14.CO) ihw Yar¥r thBr8f(Ytr£1,000 was remaining al the yeare. Tornado acqu1sltbjn1r¢r1ft padg Du19 yew £14.CO)WB5 Ve ihtoa frJfvJkn TcnA¥JUATAWfj$ Page 13
City of Norwlth Aviaiion Museum Notes to ihe Hnantlal 5tatements- contlnued for the year ended 31 August 2024 20. RELATED PARTY DISCLOSURES There wgre no p*ty trat$0u1 the excwkYMrntYAJ expen56S tOLxiian 1rust9 in 10. Page 14