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REGISTERED COMPANY NUMBER: 11100970 (England and Wales)
REGISTERED CHARITY NUMBER: 1176638













Report of the Trustees and

Financial Statements

for the Year Ended 5 April 2024

for

We'll Meet Again Museum Ltd

We'll Meet Again Museum Ltd






Contents of the Financial Statements
for the year ended 5 April 2024




Page

Report of the Trustees 1 to 2

Independent Examiner's Report 3

Statement of Financial Activities 4

Balance Sheet 5 to 6

Notes to the Financial Statements 7 to 15

We'll Meet Again Museum Ltd (Registered number: 11100970)

Report of the Trustees
for the year ended 5 April 2024


The trustees, two of whom 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 5 April 2023. 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).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To provide a unique, hands on WW2 Home Front and Home Guard experience in a friendly environment. To enhance the knowledge of local and national heritage on a site of historical importance and to provide a fully integrated visitor experience whilst enhancing the local tourist economy of Boston and its environs.

Our Charitable purposes remain the same as our constitution and we have during the past year maintained our faith in attempting to deliver a unique WW2 Museum and experience for the benefit of Lincolnshire and its surroundings. The new virtual reality Avro Lancaster experience has been met with good reviews and has added to the experience of the museum.

The trustees have considered the Charity Commission's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

FINANCIAL REVIEW
Reserves policy
The Trustees' ongoing reserves policy is to maintain free reserves (unrestricted net current assets)
at between three to six months of operating expenditure which equates to £30,000. At
this level, the management committee feel that they would be able to continue the current activities
in the event of a significant drop in funding. The charity had a positive free reserve of £61,931 at
the end of the period.

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
11100970 (England and Wales)

Registered Charity number
1176638

Registered office
Shore Road
Freiston
BOSTON
Lincolnshire
PE22 0LY


We'll Meet Again Museum Ltd (Registered number: 11100970)

Report of the Trustees
for the year ended 5 April 2024

Trustees
Mr P B Britchford Director
Ms L A Britchford Director
Mr L Jenkins
Mr M Pugh-Jones (resigned 13.5.23)
Mr D Avison
Mr A Barker
Mr G P Overton (appointed 13.5.23)
Mr R Tory (appointed 13.5.23)

Independent Examiner
Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 4 November 2024 and signed on its behalf by:





Ms L A Britchford - Trustee

Independent Examiner's Report to the Trustees of
We'll Meet Again Museum Ltd

Independent examiner's report to the trustees of We'll Meet Again Museum Ltd ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 5 April 2024.

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
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:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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.








Mrs Joanne Brown ACA

Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

6 November 2024

We'll Meet Again Museum Ltd

Statement of Financial Activities
for the year ended 5 April 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 87,192 - 87,192 17,141

Charitable activities 4
Charitable Activities 58,625 - 58,625 11,793
Grant Income - 56,978 56,978 -

Other trading activities 3 16,771 - 16,771 39,035
Other income 1,096 - 1,096 1,042
Total 163,684 56,978 220,662 69,011

EXPENDITURE ON
Raising funds 5 10,979 - 10,979 9,361

Charitable activities 6
Charitable Activities 96,461 7,743 104,204 76,371
Total 107,440 7,743 115,183 85,732

NET INCOME/(EXPENDITURE) 56,244 49,235 105,479 (16,721 )


RECONCILIATION OF FUNDS
Total funds brought forward 56,784 - 56,784 73,505

TOTAL FUNDS CARRIED FORWARD 113,028 49,235 162,263 56,784

We'll Meet Again Museum Ltd (Registered number: 11100970)

Balance Sheet
5 April 2024

2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 12 51,097 29,167 80,264 4,577

CURRENT ASSETS
Debtors 13 324 - 324 -
Cash at bank 85,163 20,068 105,231 61,869
85,487 20,068 105,555 61,869

CREDITORS
Amounts falling due within one year 14 (23,556 ) - (23,556 ) (9,662 )

NET CURRENT ASSETS 61,931 20,068 81,999 52,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

113,028

49,235

162,263

56,784

NET ASSETS 113,028 49,235 162,263 56,784
FUNDS 15
Unrestricted funds 113,028 56,784
Restricted funds 49,235 -
TOTAL FUNDS 162,263 56,784

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.


The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.


We'll Meet Again Museum Ltd (Registered number: 11100970)

Balance Sheet - continued
5 April 2024

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 4 November 2024 and were signed on its behalf by:





Ms L A Britchford - Trustee

We'll Meet Again Museum Ltd

Notes to the Financial Statements
for the year ended 5 April 2024

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.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Government Grants

Government grants which have been accounted for under the performance model are recognised when it is reasonable to expect that the grants will be received and that all related conditions will be met.

Government grants which have been accounted for under the accruals model, in respect of capital expenditure are recognised within income on a systematic basis over the expected useful life of the asset.

Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
The charity is exempt from corporation tax on its charitable activities.


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

1. ACCOUNTING POLICIES - continued

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.

2. DONATIONS AND LEGACIES
2024 2023
£    £   
Donations 87,192 17,141

3. OTHER TRADING ACTIVITIES
2024 2023
£    £   
Café 16,771 39,035

4. INCOME FROM CHARITABLE ACTIVITIES
2024 2023
Activity £    £   
Fundraising events Charitable Activities 58,625 11,793
Fundraising events Grant Income 56,978 -
115,603 11,793


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

5. RAISING FUNDS

Raising donations and legacies
2024 2023
£    £   
Purchases 2,960 4,347


Other trading activities
2024 2023
£    £   
Purchases 8,019 5,014

Aggregate amounts 10,979 9,361

6. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 7)
£   
Charitable Activities 104,204

7. DIRECT COSTS OF CHARITABLE ACTIVITIES
2024 2023
£    £   
Trustees' remuneration etc 60,650 55,055
Rent - 910
Rates and water 894 602
Insurance 4,531 3,966
Light and heat 1,480 1,176
Telephone 1,786 1,498
Postage and stationery 1,974 1,439
Advertising 1,438 430
Repairs/building work 6,670 5,366
Motor & travel expenses 294 240
Accountancy fees 1,680 2,060
Legal & professional 4,037 -
Admin costs 747 529
Bank fees 918 704
Subscriptions 82 229
Depreciation 17,023 2,167
104,204 76,371

Included in accountancy fees is £412 for fees incurred in relation to the independent examination in accordance with the Charities Commission SORP requirements.

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 17,022 2,168
Other operating leases - 910

9. TRUSTEES' REMUNERATION AND BENEFITS
2024 2023
£    £   
Trustees' salaries 60,650 55,055

Included in the above is remuneration directly paid in relation to their work for the entity. The trustees' remuneration consists of pay relating to the two directors.

Trustees' expenses

Trustees' expenses in the year amounted to £3,050 (2023: £3,050) relating to reimbursement of motor expenses. These expenses were incurred by one trustee.

10. STAFF COSTS
2024 2023
£    £   
Wages and salaries 60,650 55,055
60,650 55,055

The average monthly number of employees during the year was as follows:

2024 2023
General Staff 3 2

No employees received emoluments in excess of £60,000.


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 17,141 - 17,141

Charitable activities
Charitable Activities 11,793 - 11,793

Other trading activities 39,035 - 39,035
Other income 1,042 - 1,042
Total 69,011 - 69,011

EXPENDITURE ON
Raising funds 9,361 - 9,361

Charitable activities
Charitable Activities 76,371 - 76,371
Total 85,732 - 85,732

NET INCOME/(EXPENDITURE) (16,721 ) - (16,721 )
Transfers between funds (562 ) 562 -
Net movement in funds (17,283 ) 562 (16,721 )

RECONCILIATION OF FUNDS
Total funds brought forward 74,067 (562 ) 73,505

TOTAL FUNDS CARRIED
FORWARD

56,784

-

56,784


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

12. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 6 April 2023 185 4,539 5,163 9,887
Additions 13,810 78,549 350 92,709
At 5 April 2024 13,995 83,088 5,513 102,596
DEPRECIATION
At 6 April 2023 125 1,714 3,471 5,310
Charge for year 2,212 13,808 1,002 17,022
At 5 April 2024 2,337 15,522 4,473 22,332
NET BOOK VALUE
At 5 April 2024 11,658 67,566 1,040 80,264
At 5 April 2023 60 2,825 1,692 4,577

13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 324 -

14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,858 644
VAT 837 1,851
Other creditors 17,857 5,158
Accrued expenses 2,004 2,009
23,556 9,662


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

15. MOVEMENT IN FUNDS
Net
movement At
At 6.4.23 in funds 5.4.24
£    £    £   
Unrestricted funds
General fund 56,784 56,244 113,028

Restricted funds
Restricted Funds - 49,235 49,235

TOTAL FUNDS 56,784 105,479 162,263

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 163,684 (107,440 ) 56,244

Restricted funds
Restricted Funds 56,978 (7,743 ) 49,235

TOTAL FUNDS 220,662 (115,183 ) 105,479


Comparatives for movement in funds

Net Transfers
movement between At
At 6.4.22 in funds funds 5.4.23
£    £    £    £   
Unrestricted funds
General fund 74,067 (16,721 ) (562 ) 56,784

Restricted funds
Restricted Funds (562 ) - 562 -

TOTAL FUNDS 73,505 (16,721 ) - 56,784

We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 69,011 (85,732 ) (16,721 )

TOTAL FUNDS 69,011 (85,732 ) (16,721 )

A current year 12 months and prior year 12 months combined position is as follows:

Net Transfers
movement between At
At 6.4.22 in funds funds 5.4.24
£    £    £    £   
Unrestricted funds
General fund 74,067 39,523 (562 ) 113,028

Restricted funds
Restricted Funds (562 ) 49,235 562 49,235

TOTAL FUNDS 73,505 88,758 - 162,263

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 232,695 (193,172 ) 39,523

Restricted funds
Restricted Funds 56,978 (7,743 ) 49,235

TOTAL FUNDS 289,673 (200,915 ) 88,758


We'll Meet Again Museum Ltd

Notes to the Financial Statements - continued
for the year ended 5 April 2024

16. RELATED PARTY DISCLOSURES

In the year, related party transactions consisted of £55,055 relating to trustees' remuneration payable to the directors of the company in relation to their work for the entity.

Included within the Creditors balance is an amount owing to the Trustee's of the Charity.


Year
Ending
05/04/2023
Period
Ending
05/04/2023
Balance Brought Forward5,1583,523
Funds Withdrawn-(59)
Funds Introduced12,6991,694
Balance Carried Forward17,8575,158

This amount was unsecured and not subject to any interest in the accounting period.

17. POST BALANCE SHEET EVENTS

As at 5th April 2024, the company continued to generate revenues through their café and admissions to the museum. The company remains a going concern for the future.