NEWARK (NOTTINGHAMSHIRE AND LINCOLNSHIRE) AIR MUSEUM LIMITED
The preservation and display of aircraft and aviation artefacts, with a particular emphasis on training and post-war airframes for the benefit of the public and future generations.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £1,098,988, driven by a significant legacy from the estate of John Dove. The trustees note that free reserves are slightly below their stated policy target of retaining a six-month reserve fund of £250,000 plus a designated fund. The charity relies on public admission fees and shop sales to fund operations, with volunteer support being vital to its activities.
What the accounts disclose
“Therefore the charity is only slightly below it's reserves policy at the year end.” — page 7
Corporate structure
- Registered company of the charity Companies House 00930888
Company officers (Companies House)
- JOHNSON, Michael not on trustee list
- WEBBER, Stephen not on trustee list
- WARDELL, Philip John on trustee list
- MAXWELL, Samuel John on trustee list
- HAZLE, Dawn Emily on trustee list
- CLARK, Angus Cameron on trustee list
- GRAHAM, Kevin on trustee list
- SAVILL, Colin on trustee list
- HIBBERT, David John on trustee list
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Angus Clark
- Christopher Edward Rice
- Colin Savill
- DAVID JOHN HIBBERT
- Dawn Emily Hazle
- HOWARD FRANK HEELEY
- Kevin Graham
- Philip John Wardell
- Samuel John Maxwell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £918k | £453k |
| 31/12/2023 | £433k | £432k |
| 31/12/2022 | £397k | £431k |
| 31/12/2021 | £318k | £359k |
| 31/12/2020 | £250k | £336k |
Common questions
Is NEWARK (NOTTINGHAMSHIRE AND LINCOLNSHIRE) AIR MUSEUM LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £1,098,988, driven by a significant legacy from the estate of John Dove. The trustees note that free reserves are slightly below their stated policy target of retaining a six-month reserve fund of £250,000 plus a designated fund. The charity relies on public admission fees and shop sales to fund operations, with volunteer support being vital to its activities. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 11/03/2003 | £453k | "South Field Site Aircraft Display Hall" |