|
|
|
|
2025 |
2024 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
3 |
7,154 |
6,334 |
13,488 |
19,490 |
Charitable activities |
|
|
|
|
|
Museum |
|
134,735 |
|
134,735 |
113,437 |
Museum Shop |
|
35,785 |
|
35,785 |
37,775 |
Other trading activities |
4 |
49,857 |
|
49,857 |
43,641 |
Investment income |
5 |
2,527 |
|
2,527 |
2,958 |
Total |
|
230,058 |
6,334 |
236,392 |
217,301 |
EXPENDITURE ON |
|
|
|
|
|
Raising funds |
6 |
27,654 |
|
27,654 |
23,679 |
Charitable activities |
7 |
|
|
|
|
Museum |
|
112,630 |
9,055 |
121,685 |
127,442 |
Museum Shop |
|
22,185 |
|
22,185 |
17,813 |
Total |
|
162,469 |
9,055 |
171,524 |
168,934 |
NET INCOME/(EXPENDITURE) |
|
67,589 |
(2,721) |
64,868 |
48,367 |
Transfers between funds |
19 |
3,301 |
(3,301) |
|
|
Net movement in funds |
|
70,890 |
(6,022) |
64,868 |
48,367 |
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
|
585,091 |
14,000 |
599,091 |
550,724 |
TOTAL FUNDS CARRIED FORWARD |
|
655,981 |
7,978 |
663,959 |
599,091 |
|
|
|
|
2025 |
2024 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
funds |
fund |
funds |
funds |
|
Notes |
f |
f |
£ |
£ |
FIXED ASSETS |
|
|
|
|
|
Tangible assets |
13 |
330,345 |
|
330,345 |
323,972 |
Heritage assets |
14 |
22,760 |
|
22,760 |
21,911 |
|
|
353,105 |
|
353,105 |
345,883 |
CURRENT ASSETS |
|
|
|
|
|
Stocks |
15 |
6,338 |
|
6,338 |
5,600 |
Debtors |
16 |
8,912 |
|
8,912 |
4,715 |
Cash at bank and in hand |
|
303,415 |
7,978 |
311,393 |
257,728 |
|
|
318,665 |
7,978 |
326,643 |
268,043 |
CREDITORS |
|
|
|
|
|
Amounts falling due within one year |
17 |
(14,023) |
|
(14,023) |
(13,069) |
NET CURRENT ASSETS |
|
304,642 |
7,978 |
312,620 |
254,974 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
|
657,747 |
7,978 |
665,725 |
600,857 |
CREDITORS |
|
|
|
|
|
Amounts falling due after more than one year |
18 |
(1,766) |
|
(1,766) |
(1,766) |
NET ASSETS |
|
655.981 |
7,978 |
663,959 |
599,091 |
FUNDS |
19 |
|
|
|
|
Unrestricted funds |
|
|
|
655,981 |
585,091 |
Restricted funds |
|
|
|
7,978 |
14,000 |
TOTAL FUNDS |
|
|
|
663,959 |
599,091 |
DONATIONS AND LEGACIES |
|
|
|
2025 |
2024 |
|
£ |
£ |
Donations |
11,864 |
17,844 |
Subscriptions |
1,624 |
1,646 |
|
13,488 |
19,490 |
OTHER TRADING ACTIVITIES |
|
|
|
2025 |
2024 |
|
£ |
£ |
Fundraising events |
3,340 |
5,749 |
Tea room income |
46,517 |
37,892 |
|
49,857 |
43,641 |
INVESTMENT INCOME |
|
|
|
2025 |
2024 |
|
£ |
£ |
Interest received |
2,527 |
2,958 |
|
Other trading activities |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
£ |
|
Purchases |
|
27,654 |
23,679 |
7. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
Support |
|
|
|
Direct |
costs (see |
|
|
|
Costs |
note 8) |
Totals |
|
|
£ |
£ |
£ |
|
Museum |
75,448 |
46,237 |
121,685 |
|
Museum Shop |
22,185 |
|
22,185 |
|
|
97,633 |
46,237 |
143,870 |
8. |
SUPPORT COSTS |
|
|
|
|
|
|
Governance |
|
|
|
Management |
costs |
Totals |
|
|
£ |
£ |
£ |
|
Museum |
39,829 |
6,408 |
46,237 |
9. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
2025 |
2024 |
|
£ |
£ |
Depreciation - owned assets |
15,544 |
15.264 |
Deficit on disposal of fixed assets |
857 |
|
Fees paid for independent examination |
5,610 |
5,194 |
Other business advice provided by independent examination |
798 |
504 |
Stock expensed |
47,333 |
40,367 |
Depreciation - heritage assets |
2,449 |
2,434 |
11. |
STAFF COSTS |
|
|
|
|
|
|
2025 |
2024 |
|
|
|
£ |
f |
|
Wages and salaries |
|
36,373 |
41,909 |
|
Other pension costs |
|
1,377 |
1,366 |
|
|
|
37,750 |
43,275 |
|
The average monthly number of employees during the year was as follows: |
|
|
|
|
|
|
2025 |
2024 |
|
Museum shop/Tea Room |
|
2 |
2 |
|
Administration |
|
1 |
1 |
|
|
|
3 |
3 |
|
No employees received emoluments in excess of £60,000. |
|
|
|
12. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
fund |
funds |
|
|
£ |
£ |
£ |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
Donations and legacies |
9,490 |
10,000 |
19,490 |
|
Charitable activities |
|
|
|
|
Museum |
113,437 |
|
113,437 |
|
Museum Shop |
37,775 |
|
37,775 |
|
Other trading activities |
43,641 |
|
43,641 |
|
Investment income |
2,958 |
|
2,958 |
|
Total |
207,301 |
10,000 |
217,301 |
|
EXPENDITURE ON |
|
|
|
|
Raising funds |
23,679 |
|
23,679 |
12. |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL A |
CTIVITIES - continued |
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
fund |
funds |
|
|
£ |
£ |
£ |
|
Charitable activities |
|
|
|
|
Museum |
127,442 |
|
127,442 |
|
Museum Shop |
17,813 |
|
17,813 |
|
Total |
168,934 |
|
168,934 |
|
NET INCOME |
38.367 |
10,000 |
48,367 |
|
Transfers between funds |
(2,000) |
2,000 |
|
|
Net movement in funds |
36,367 |
12,000 |
48,367 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
Total funds brought forward |
548,724 |
2,000 |
550,724 |
|
TOTAL FUNDS CARRIED FORWARD |
585,091 |
14,000 |
599,091 |
13. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
Leasehold |
|
|
|
|
improvements |
Equipment |
Totals |
|
|
£ |
£ |
f |
|
COST |
|
|
|
|
At 1 September 2024 |
392.125 |
32.532 |
424,657 |
|
Additions |
12,216 |
10,557 |
22,773 |
|
Disposals |
|
(2,153) |
(2,153) |
|
At 31 August 2025 |
404,341 |
40,936 |
445,277 |
|
DEPRECIATION |
|
|
|
|
At 1 September 2024 |
80,603 |
20,082 |
100,685 |
|
Charge for year |
14,046 |
1,498 |
15,544 |
|
Eliminated on disposal |
|
(1,297) |
(1,297) |
|
At 31 August 2025 |
94,649 |
20,283 |
114,932 |
|
NET BOOK VALUE |
|
|
|
|
At 31 August 2025 |
309,692 |
20,653 |
330,345 |
|
At 31 August 2024 |
311,522 |
12,450 |
323,972 |
HERITAGE ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
£ |
MARKET VALUE |
|
|
|
|
|
|
|
|
|
At 1 September 2024 |
|
|
|
|
|
|
|
|
61,851 |
Additions |
|
|
|
|
|
|
|
|
3,300 |
At 31 August 2025 |
|
|
|
|
|
|
|
|
65,151 |
PROVISIONS |
|
|
|
|
|
|
|
|
|
At 1 September 2024 |
|
|
|
|
|
|
|
|
39,940 |
Charge for year |
|
|
|
|
|
|
|
|
2,451 |
At 31 August 2025 |
|
|
|
|
|
|
|
|
42,391 |
NET BOOK VALUE |
|
|
|
|
|
|
|
|
|
At 31 August 2025 |
|
|
|
|
|
|
|
|
22,760 |
At 31 August 2024 |
|
|
|
|
|
|
|
|
21,911 |
Summary analysis of heritage asset transactions |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
31/8/25 |
31/8/24 |
31/8/23 |
31/8/22 |
31/8/21 |
£ |
£ |
£ |
£ |
£ |
|
|
|
|
|
Cost of acquisitions in the year |
|
|
|
|
3,300 |
|
|
9,250 |
-9,780 |
Donated assets not recognised in the balance sheet |
|
|
|
|
|
|
|
|
|
Charge for impairment in the year |
|
|
|
|
|
|
|
|
|
Carrying amount of assets disposed of in the year |
|
|
|
|
|
|
|
|
|
Proceeds from disposals |
|
|
|
|
|
|
|
|
|
City of NoNith Aviation Museum
Notes to the Financial Statements- continued
for the year ended 31 August ZOZ5
15.
STOCKS
2025
2024
Stocks
6,338
5.600
16.
DEBTORS.. AMOU$ FALLING DUE WITHIN ONE YEAR
2025
2024
Trade debtors
Prepaymenis and accrued income
5.317
3,595
8.912
4,715
4.715
17.
CREDITORS: AMOUfrJTS FALUNG DUE WITHIN ONE YEAR
2025
2024
Trade creditors
Social security and other taxes
other creditors
Accrua15 and deferred income
4.547
799
2.527
6.150
4.D06
913
2,DDO
6,150
18.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2025
2024
Other creditDrs
19.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.8.25
At 1.9.24
Unrèstrlrted funds
General fund
Members deposits
58S.029
62
585.091
67,589
3.301
655,919
62
655.981
67.589
3,301
Restrirted funds
Restricted fund
14.(
{2.721}
13.3011
7.978
TOTAL FUNDS
64,868
Page 16
City of NoNith Aviation Museum
Notes to the Financial Statements- continued
for the year ended 31 August ZOZ5
19.
MOVEMENT IN FUNDS- continued
Nct movcmcnt in fund5. Includcd in thc abovc arc a5 follow5-
Incoming
resources
Resources
expeThYed
Movernent
in funds
Unrestrided funds
General fund
230.058
1162,4691
67.589
Restrlrted fund5
Re.%trictÈd fund
6.334
19,0551
12.7zII
TOTAL FUNDS
236 392
1715241
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
31.8.24
At 1.9.23
Unrestricted funds
General fund
Member5 dep051ts
548.662
62
548,724
38,367
I2,0)
585,029
62
585,091
38.367
12,(K)01
Restrirted fund5
Restricted fund
io,(
2.0
14,ODO
TOTAL FUNDS
48 367
599091
Page 17
City of NoNith Aviation Museum
Notes to the Financial Statements- continued
for the year ended 31 August ZOZ5
19.
MOVEMENT IN FUNDS- continued
Cornparativc nct movcmcnt in furK45. inclu(kd in thc abovc arc as follows..
Incoming
resources
Resources
expeThYed
Movernent
in funds
Unrestrided funds
General fund
207.301
1168,9341
38,367
Restrlrted fund5
Restrirted fund
io,o(M)
10,000
TOTAL FUNDS
217.301
168.9341
48 367
Restricted Funés
During the year the tharity had 5 rÈstritted lunds.
Fenland Hall
On ihe 1st September 2024. the lund tolalled £10.(.
During the year, £320 in donation5 was received toward the Fenland Fund. In addition to smaller display update5 and
signage. a large Fenlènd Project. the creation of a Vtswuito cockpit settion. was created and therefore £9.748 was spent
throughout the financial year.
On the 31st August 2025 £207 rernained in the Fenland hjnd.
Future Building Projects (Future Expansion Fund)
On the 1st September 2024. the Future Expansion Fund stood 31 £2¢XMI.
A total of £1033 was donated throughout the financial year. During the year £4(KJ wa5 Spent on artlSt5 impression drawings
for a new building to house most of the exhibits on site.
On the 31st Auzust 2025 the lund stood at £2633.
Vlttor Pads
During ihp year. a donation of £2(Kil was received for creation of conciete pads lating to new exhibits due io arrive in the
next financial year.
On the 31st August 2025 the fund stood at £21XK).
Vallant Pads
During the year, a donation of £2fKK) wa5 received for creation of concrete pads relating to new exhibits due to arrive in the
next financial year.
On the 31st August 2025 the fund stood at £2(m.
Vulcan Alrcraft
On the 1st Septewnber 2024. the fund totalled É?(XXI. During the year. (186? wa5 Spent on the StoratIn of thp Vulcan
aircraft and its associated projects. A further donation of £l(J)O wa5 receNed through the financial period specifically for
thÈ Vultan and Its asslatÉd projects.
On the 31st August 2025, the fund total 00d at £1138.
Page 18
City of NoNith Aviation Museum
Notes to the Financial Statements- continued
for the year ended 31 August ZOZ5
19.
MOVEMENT IN FUNDS- continued
De51
nated Fund5
During the year the charity had 8 designated funds.
Mvseym Safe4uardin8
During the financial year. the tiustees enSud sufficient funds remain inside their operating reserves.
On the 315t August 202S the fund totalled £78.460.
Events Fund
During the year. £3000 was Set aside for the oiganisation arvj running of fundraising evEnt5. £11 was spent frorn thi5
fund and the events team suc$51U1IY or8anised five events raising E18,430 for the museum.
The total for this fund is set duri the start ol each financial year allowinE for ihe events leam to organise and promote
event5 and the museum in gerberal.
Aircraft Restoration Fund
The museurns Aircraft Re5toiation Fund utilises monies raised froffl AiTcraft Tours and donations specific to re5toiation in
order to fund it5 restoration. acqui51tion and developfflent projects managed by restoration managers and irbdividual project
crew chiefs.
In total, the restoration fund saw an uplilt in excess of £20,(mthis financial year.
The total allowable Spend from thi5 fund 15 set by the Trustees every quarter. allowing restoration manager5 to carry out
restoration activities without interruptitsn.
DN Classroom Fund
During the year. £2500 was set aside for the adaptation of the museums F27 G-BCDN into a purpose-built room for small
group visits and events. DurinE the year. £819 was spent on tht5 project.
Fence Re-MiÉnment ILeas¢}
During the year. £200 was spent on solicitors. fees relating to the fen r&alignment during the lasi flnancial perlod. It Is
expected, during the next financial year, this designated lund to be released once the final bill has been paid relating tD the
fence re-alignment and lease.
On the 31st August 205 the fund totalled £8.
Tornado Acqursition
No movement of funds happened during th financial period.
On the 31st August 2025 the fund totalled QO.000.
Indoor Exhibit Fund
During the year, £2500 was set aside for updating the museurrs indoor displays.
No movement of funds happened during th financial period.
On the 31st AuEUSt 2025 the fund totalled £2.500_
Concrete Pads
No movement of funds happened during this financial period.
On thÈ 31st AueLlSt 2025 thÈ lund totallÈd £20.000.
Page 19
City of NoNith Aviation Museum
Notes to the Financial Statements- continued
for the year ended 31 August ZOZ5
20.
RELATED PARTY DISCLOSURES
Thcrc wcrc no rcl4tcd party tran5artion5 during thc ycar cxccpt for rcirnburscd cxpcn5C5 to ccrtain tru5tccs which arc
disclosed in note 10.
Page 20