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AMHT Annual Report 2021

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AMHT Annual Report 2021 REPORTOF THE TRUSTEES 2021 ASTON MARTIN HERITAGE TRUST CONTENTS 4 Executive Summary 6 Trustee’s Report 8 Governance & Funding 10 Our Collections 12 The Museum 14 Registrar Services 2 REPORT OF THE TRUSTEES 2021 16 Education & Learning 3 18 Our Partners - AMOC & AML ASTON MARTIN HERITAGE TRUST Our Future - why we need to move Drayton St Leonard 20 Wallingford Oxfordshire 22 Planning a New Home OX10 7BG Charity no 1182793 24 Future Fundraising MAY 2021 26 Aston Martin Heritage Festival 30 Chairman’s Message All photographs (c) John Warden Photography https://www.johnwardenphotography.com except where indicated The Rapide concept outside the Barn REPORT OF THE TRUSTEES 2021 ASTON MARTIN HERITAGE TRUST Executive Summary THE AMHT TODAY The Charitable Objective of the Aston Martin Heritage Trust is just as valid today as it was when theAMHT was first formed in 1998. In fact, it remained completely unchanged when the AMHT became a Charitable Incorporated Organisation in 2019. As a ROB SMITH team of Trustees, Staff & Volunteers we strive to record the history and heritage of Aston Martin and to share it at every opportunity. Our Charitable The collection continues to grow with donations large and small and includes historically significant items Objective such as the Robin Hamilton archive. The Museum, our lectures and our social media posts are enthusiastically "the advancement of education received by those interested in Aston Martin worldwide and our Registrar Services and research available for study and research facilities have never been so busy. The AMHT is in a great position to keep moving forward. of material of all types relating to AMHT’s AM6 Vantage cutaway is on loan to the MIRA Technology Institute, Nuneaton, from April to September 2021. See p16. (Photo:MTI) the automotive engineering and automotive designs of Aston 4 5 Martin, Lagonda and Aston Martin Lagonda motor cars ('the THE FUTURE OF THE AMHT Marque') for the benefit of the public …” However, there are several challenges facing the AMHT. Firstly, we have outgrown the Barn in Drayton St Leonard and we must relocate to a new Heritage Centre where we can store the priceless collection in a larger, better climate-controlled environment and to A3’s engine plate numbered ‘1918’ display it to an eager audience in a bigger public museum. Secondly, we need to engage with more Aston Martin enthusiasts worldwide through a new Friends programme and enthuse them about the stories which make up Aston Martin’s chequered history. This is also important for us to raise the funds to continue caring for and displaying the growing collection. In addition, we need to be more serious about our role as an educational charity and we have great plans in the formal education and apprentice space. REPORT OF THE TRUSTEES 2021 ASTON MARTIN HERITAGE TRUST TRUSTEES OF THE AMHT Trustee’s Report 2021 Mike Abbott Marek Reichman Tim Cottingham Rob Smith A YEAR OF CHALLENGE Mark Donoghue Garry Taylor The AMHT finished 2019 in a very buoyant mood. Much work was started in the autumn of 2019 on our plans for a new Aston Martin Heritage Centre with several locations under review and an exciting Mark Gauntlett John Warden building layout drawn up by architects ZMMA containing the archive, museum galleries, lecture theatre & classroom, café and public spaces. 2020 started with a very well received Walter Hayes Memorial Nick Hewitt Tom Westley Lecture held at the RAC Club in London where Red Bull F1’s Christian Horner entertained the sell-out August von Joest audience with candid tales from the world of F1. In March the Covid-19 Pandemic struck and the situation changed dramatically. The Museum was shut to visitors depriving us of much needed income and the staff moved to working from home. However, that meant a change of focus and not a shortage of work and so it was decided early on not to furlough the team. This has enabled us to concentrate on cataloguing the collection and a huge number of images have been scanned, captioned and added to the catalogue. Our social media activities have increased, for which there was a huge demand, and we have posted many historic photographs and created several videos of cars in the collection which were well received. As a board of trustees, we have concentrated on defining our ongoing strategy and adopted video conferencing for trustee meetings with great success. The collection continued to grow and several new vehicles joined on permanent loan from AML including a DB9 prototype, Lagonda Taraf and Rapide E Cutaway. Important donations have included the Robin Hamilton collection of paperwork and artefacts relating to his racing exploits with “The Muncher” 6 and Nimrod at Le Mans and further afield. We are honoured to be entrusted with such important and 7 personal archives. The Museum reopened for August and September using an online ticket booking system with timed visiting slots that allowed us to manage the number of people in the museum at any one time and we stuck carefully within the legal limitations of social distancing. This was such a success that we will continue with the online booking system going forward. However, by October the Museum was closed again and, at the time of writing, we are planning for reopening in mid-May when the next level of Covid restrictions are lifted. ROB SMITH REPORT OF THE TRUSTEES 2021 Image: AMHT’s 1934 Ulster REPORT OF THE TRUSTEES 2021 Governance & ASTON MARTIN HERITAGE TRUST Finance GARRY TAYLOR, TREASURER GOVERNANCE The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. Such reports and statements are subject to an annual Independent Examination by James Cowper Kreston, Chartered Accountants, based in Newbury. The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Incorporated Organisation and of its incoming resources and application of resources, including its income and expenditure, for that year. In preparing these financial statements, the Trustees are required to: ï select suitable accounting policies and then apply them consistently. ï observe the methods and principles of the Charities SORP (FRS 102). ï make judgments and accounting estimates that are reasonable and prudent. ï state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any 8 material departures disclosed and explained in the financial statements. 9 ï prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CIO’s transactions and disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. FINANCE The Trust receives its principal funding from subscriptions and donations. The year ended accounts to 30 September 2020 are currently being reviewed by the Independent Examiners. Subject to any adjustments, the results are: 30September2020 30September2019 Totalincomingresources £221,515 £284,303 Totalresourcesexpended £252,912 £261,222 Surplus(deficit) £(31,397) £23,081 Totalfundsbalance £848,176 £879,573 The impact of the global Covid-19 pandemic from late March 2020 has had a negative impact on events income, museum admissions and shop sales etc., but main funding from subscriptions and donations have remained stable. During the year ending 30 September 2020 the contribution from AMOC subscriptions was £139,750. The Trustees have considered on the ability of the CIO to continue trading and have a reasonable expect- ation that it has adequate resources to continue in operational existence. REPORT OF THE TRUSTEES 2021 THE ARTEFACT COLLECTION THE CAR COLLECTION ASTON MARTIN HERITAGE TRUST When the AMOC transferred the ownership of Our Artefact Collection is as diverse as it is extensive. their archive to the AMHT they provided the We are very proud of our continuously growing scale nucleus of a collection that has grown exponen- model collection, as Aston Martin continues to produce tially over the past 23 years and continues to cars. We believe it is one of the largest single marque grow today. The 1934 Aston Martin Ulster (see collections on public display. image p7) has been joined by 30 cars spanning We also have an impressive selection of engineering the whole life of Aston Martin. Cars in the drawings dating from the earliest Bamford & Martin to A UNIQUE RESOURCE collection include those on loan from private the AMR1 race cars. A group of dedicated volunteers owners and those on permanent loan from Aston was busy organising and conducting a preliminary Martin Lagonda as well as those owned directly inventory prior to the 2020 Lockdown. We hope we by the AMHT. Wherever possible we keep cars can pick up again once the museum reopens in May that can legally driven on the public highway in 2021. road going condition and enjoy exercising them The large trophy case in the museum displays trophies at every opportunity in line with our remit and donated by Lady Paula Brown and cover the heyday of policies. This collection has grown further in Aston Martin Racing culminating in the 1959 World the past 12 months with the addition of a Championship and Le Mans 24hours win.
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