## **Farnborough Air Sciences Trust Chairman’s Report 2021-22** 

FAST had a successful year as the Charity continued to recover and strengthen its sustainability in the wake of the Covid-19 pandemic. 

The Charity continues to benefit from the support of its many volunteers, all of whom work tirelessly on maintaining the many exhibits, together with delivering an ongoing program of archiving the wealth of historical artefacts, documents, films, and slides. 

The Trustee Board is actively engaged and maintains ownership and oversight of the Trust’s governance, financial strategy and health together with monitoring and developing its medium/long term strategy and ambitions. This is backed up by an ongoing maintenance and improvement program. 

As a Charity the Trust monitors closely opportunities to bid for capital and revenue resources and it works closely with its local authorities – Borough and County, who continue to be extremely supportive. 

Through the efforts of experienced and dedicated volunteers, and with the support of the site owners, a much-expanded program of booked tours has been developed for the historic and iconic Listed Wind Tunnels and Centrifuge, all of which form an important part of Farnborough’s unique aviation and research heritage and history. 

There continues to be a focus on education, working with local schools and colleges. 

The Trust also continues to work closely with the Hampshire Cultural Trust and other Museums in Hampshire and beyond, to share good practice and innovation. 

## **Andrew Lloyd** 

## **Chairman** 

## **Farnborough Air Sciences Trust** 

**April 2023** 



REGISTERED CHARTIY NUMBER: 1040199
Rewjrt of the Trpst¢e5 gnd
U￿s￿dI￿d Finantixl Statements
for the Year Ended 31 July 2022
for
F*rnborough Air Scienttg Trust
Graham Best & Co
189 Lvnchford Road
Famborough
Hampshire
GU146HD

Farnborough Alr Sciencos Trust
Contents of the Financial Statements
for ItLe Year Ended 31 July 2022
P8ge
Report of the Trustee5
Independent Examiner's Report
Statement of Financial Activitie5
Balanee Sbeet
Noles to th¢ Financial Stslemetlts
5 to 10
D¢tsll¢d Ststemtttt of Flllanelal Aetivities
11 to 12

Far￿bOr0llgh Air Seienees Trust
Report of the Trustees
for the Year Ended 31 Juty 2022
The tjustees present their report hith th¢ financtal s￿tetneDts of the charitv for the year ended 31 July 2012. The tNstees
have adopted the provisions of Accounting and Repor[￿8 by Chatiiies.. Stawnent of Recommended Practice applicable
to chariiies preparing the￿ accounts iu accordance with the Financial Reporting Standard applicable in the LQ( and
Republic of treland {FRS 102) (effective l JaDUWy 2019).
STRUCTURE, GOVERNAliCE AND MAfiAGEMENr
Governing documenl
The charity is controlled by its governing docU￿en4 a deed of tnjst and const[t￿S an uninwrporat¢d ¢harity.
Related parties
Ten of the Trustees of the Charity are each th¢ Iwld¢r of 10 shares in Ttynchard Trading Limited a retail trading
company.
A number of the Charity Tntstees are directors of the company.
REFERENCE A￿ry) ADLVIINISTRATIVE DETAIIS
Registered Charity Duwb¢r
1040199
PriDcipal address
Trenfjhard House
85 Farnborough Road
Famborough
HatnpslLire
GU14 6TF
Trustees
R Gardner Chairman
L Peskett
Dr G M Rood Secretary
B Luff Museum CLfdtor
D F M Ciordon
D Wilson
Sir Donald Spier5 Vice Chairn
M J Hordley
P O Buckroyd
A Lloyd
Mrs S L Adcock
Independent E￿￿1￿er
Graham Best & Co
FCA
Graham Best & Co
189 LJn¢hford Road
Farnborough
Hampshire
GU14 6FtD
Approved by order of the board of th￿te¢S on 16 Mard12023 and signed on its behalf by..
R Gardner- Twstee
Page I

Independent Examiner's Rewrt to the Trustees of
Farnborough .4ir Science5 TTIiSt
Independent examiner's reporl to the trustees of Farnborough Air Scie￿¢¢$ Trust
I report to the charity trustees on my examination of the accounts of Farnborough Air Sciences Trust (the Tn￿t) for the
year ended 3K July 2022.
Responsibllltks and bas19 of report
As the charity trustees of the Trust you are responsil)le for the prepardtion of the accounts in accordall¢e with the
requiremellts of the Charities 2011 (the Act?.
I report in respect of my examination of the Tn]st's accounts carried oui under Seciion 145 of the Aci and in ca￿ll￿ Out
roy exa￿lI)atIon I have followed a]1 applicable Directions given by the Clwity Commission uoder Settitsn 145(5)(b) of
the Act.
Indepelldellt examIne￿S statement
I have ¢oinplctcd Tlly examination. I con6mi that no m&eriai n]atters have corne to my attention in connection witb the
examination giving me Cause to believ¢ thot in any material respect:
counting record5 were not kept tn respeci of the Trust as required by Section 130 of the Act. or
the accounis do not accord with those records,. or
tbe accounts do noi comply with the applicable requiretllents concerning tbe form attd content of accounts set out
in the Charities {Accounts and Reports) Regulalions 2008 other than an). requirement that the accounts give
true and fair view which is not a matter comidered as part of an independent examlliatio]k.
I have no conceills and have come across no other matters in connection with the examination to which att¢ntion should
be drawn in thi5 report in order to eDable a proper iLtLderstsnding of the accounts to be reached.
Graham Best & Co
FCA
Graham Best & Co
l89 L￿Chf0rd Road
Famborough
Hampshire
GU146FtD
Date..
P￿¢2

Farnborollgh Air Stiettces Tr￿t
ststetThent of Fittaneial Aettvities
ror tILe Year Ended 31 Juty 2022
31.7.22
Total
nds
31.7.21
Total
funds
Utuestricted Restricted
fi]nds
nds
Notes
INCOME AND ENDOIITrIEKfs FROM
Donations and legacies
179,532
179,532
112.379
Other trading activities
lllvestment income
18,363
47
18,363
47
7,985
16
Tolol
197,94?
197,942
120.380
XPEI P4DITURE ON
Raising fund5
148.634
148.634
55.857
21.429
21,429
19,322
Total
170,063
170,063
75,179
NET tNCOME
27,879
27,879
45,201
RECONCILIATION OF FUNDS
Totsl funds bro￿1 forward
355.815
355,815
310,614
TOTAL FU￿T)s CARRIED FORWARD
383.694
383.694
355,815
The nole5 forfftpart of these financial staten￿ts
Page 3

Farnborough Air Science5 Trust
Balance Sheel
31 Julv 2022
31.7.22
Totsl
fi]nds
31.7.21
Total
funds
UTtre5tricted
fund5
Restritted
funds
Not¢5
FIXED ASSETS
Tangible ￿set9
Heriiage ￿Sets
Investtntnts
97,065
7.982
97,065
7,982
68,410
21,166
14,273
105.047
105,047
103.849
CURRFNT ASSETS
Debtors
Cash at bank in hand
io
19,622
259.896
(2,096)
256,120
259.896
279,518
279.518
254.024
CREDITORS
AD]ounts falling due within one year
(871}
(871)
(2,0581
NET CURRENT ASSETS
278,647
278,647
251,966
TOTAL A&SETS LESS CURREf+rr
LIABtLrrIES
383.694
383,694
355,815
NET A&SETS
383,694
383,694
355,815
FUNDS
Unrestricted fullds
12
383,694
355,815
TOTAL FUl+lDS
383,694
355,815
The f]nanci&l statements were approved by thc Board of Trustees and authorised for issue on 16 Mawh 2023 and were
Sl8ned on its behalf by..
R Gardner- Trustee
The notes forn] part of these finaDcial slatements
Page 4

F*rnb0r0￿gh Air Sciences Tn￿1
Notes to the Financial Sts¢emeDts
for the Year Ended 31 July 2022
ACCOUJYTILYG POLICIES
Basis of preparing the financial 5tatemellts
The fillancial sta￿￿ents of the chaTity, Thhich is a public benefit entity. under FRS 102, have been prepared in
arcordance with the Charities SORP IFRS 10?) 'Aceounting aud Reportillg by Charities- Statement of
Recommended Prnctiee applicable Éo eharities preparing their accounts in accordance the Financial
Reporting Standard applicable in the UK and RepuDlic of Ireland (FRS 102) (effective l January 20191,.
Finanolal Reporting Siandard 10? The Ftllancial R¢p(>rtints Standard applicable in die UK and Republtc of
Ireland, and the Charities Act 2011. The financi￿ statements have been prepared wider the historical cost
¢onvention, with th¢ exception of iDve51meDts which are included at utarket value.
Income
All income is recognised in the S&￿eMent of Financial Activities once the charity has entitlement to the Fjnds, it
is probable that the income will be recei￿ed and the amount can be Tneasured reliably.
Exp¢nditure
Liabilities are reco￿]Sed as expendiwre a5 500n as there is a legal or constrnctive obligation eomrnitting the
clwity to that expenditure, it is probable that a transfer of eeonomic benefits will required in Settle￿¢llt and
the a￿Ount of the obligation can be rn￿ured reliably. Expenditurc i5 Rccounted for on an accTuals basis ha5
beeJL classified under headings that a￿(1 etsate ail cost related to the cat￿ory. Where costs caunot be diredly
attributed tts particular headings they have been all0￿ed to activitie5 ijn ? basis fQllSiStent with the use of
r¢sourees.
Tangible rtxed a55ets
Depreciation is provided at the following anulla] rntes iD order to wriie off eacb asset over its esti]nated useful
life.
The Jaguar Builditi8
Plant and Tna¢hin¢ry
The CTrJy PaYÈlion
ill ￿￿ordance with the proi
I￿10 on cost
95Q/¢ on cost
Taxation
Th¥ rharitr¢ is exellwt from tOX ¢)n its Charitable activitie5.
Futtd aeeounting
Unrestricted filnds can be used in accordance witb the charitable obj¢¢tives It the discretion of the trustees.
Restricted fimds can onlv be ￿$￿ for particular re5trtcred purrM)ses within the objects of tbe charity. RestrictiODS
ise when specified by the donor or when funds are rdised for particular restricted PULposes.
Further explanatioll of the nature aud purp)se of each fi￿d is included tn the notes to the financial statements.
OTHER TRADING ACTIVITtES
31.7.22
31.7.21
Archiv¢/PhotO 5al¢s
Tours
2,483
15,880
3.7(M)
4,285
18J63
7,985
Page 5
contittued..

FY4rnborough Air ScieDces Trust
Notes to the Financial Statemettts- eontknued
for the Year Ended JI Juty 2022
INVE5TME.NT LYCOME
31.7.22
31.7.21
Deposit a¢¢ouni interest
47
16
RAISING FUNDS
Ha￿]Ng donation5 legacie5
31.7.22
31.7.21
Support ￿$ts
lJ4,361
55,857
Investment management costs
31.7.22
31.7.21
Exceptional items
14,273
Ag¥egate amounts
148,634
55,857
TRUSTEES, RETriuf4EIUTION AND BE.YEFITS
There were no trn5tees' remuneration or other benefits for the yejr end￿ 31 July 2022 nor for th¢ year ended
JI July2021.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 July 2022 nor for die year ended 31 July 2021.
COMPARATIVES FOR THE STATELWIENf OF FINAf4ciAL AcfiviTIES
Unrestricted
fvnds
Restrictsd
fimds
Total
fvnds
INCOME AND E￿￿)wLI1ELyTs FROM
Donations and legacies
112.379
112.379
Other trading activiti¢s
InYesttllEnt income
7,985
16
7,985
16
Total
120.380
120,380
EXPEPaDrruRE ON
Raising fimds
55,857
55,857
Otber
19,322
19J22
Tothl
75,179
75,179
NET INCOM
45201
45,201
Pag¢ 6
continued..-

F4rnborough Air Sciences Trust
otes to the Financial Statements- eoKÉillued
for the Year E￿￿ed 31 July 2022
COMPARATIVES FOR THE sfATEMEYT OF FINANCIAL ACTivifiES- continued
Uure5tricted
R¢stricted
funds
funds
Total
fijnds
RECONCtLIATION OF FUNDS
Total funds brought focward
310.614
310.614
TOT AL FUNDS CARRtED FORWARD
355.815
355,815
TANGIBLE FIXED ASSETS
Jaguar
Building
Plant and
achinery
The Cody
Pavilion
Totals
COST
At l AugLL8t 2021
Additions
81,966
18.171
36,900
61,750
161,887
36,900
At 31 July 2022
81.966
55.071
61,750
198,787
DEPRECIATtof*
At l August 2021
Charge for y
29.910
2.738
1,817
5,507
61,750
93,477
8245
At 31 July 2022
32,648
7,324
61,750
101.722
NET BOOK VALUE
At 31 Jul). 21r22
49,318
47,747
97,065
At31 July2021
16354
68,410
HERITAGE ASSETS
Total
MARKET VALUE
At l August 2ff21 and 31 July 2022
159,582
PROVISIONS
At l August 2021
Charge for year
li8,416
13.184
Ai 31 July 2022
151,600
NET BOOK VALUE
At 31 July 2022
7.982
At31 July2021
21,166
Page 7
colltinued...

FarnlM>roI￿ Air Sciences Trust
Notu to the Financial Ststements- eontinued
for the Ye8r Ended 31 July 2022
FIXED ASSET INVESTiIIE.YTS
31.7.22
31.7.21
Loans
14,273
tK)ans to
group
UThdertak￿gS
At l August 2021
Other movements
14,273
(14,273)
At 31 July 2022
Th¢r¢ were no inv¢stTn¢nt wets Outside the Ut
10. DEBTORS: AMOIINTS FALLING DUE WITHtN ONE YEAR
31.7.22
31.7.21
Tren¢h&rd Tioding Limited
19,622
(2,096)
ii.
CREDITORS: LMouprr5 FALLING DUE WITHIN ONE YEAR
31.7.22
31.7.21
Other cr¢ditor5
871
1058
12.
MOVEMENT IN FUTr4DS
Net
movement
in Sjnds
At
31.7.22
At 1.8.21
Unrestrleted fund5
General ftmd
355,815
27,879
383,694
TOTAL FUP4DS
355,815
27,879
383.694
Net movement in fund5. included in the aEK)Ye are as follows..
Incoming
resource5
Resollrce$
expended
Movement
in fvnds
Unresiricted funds
General fund
197,942
(170,063)
27,879
TOTAL VUliDS
197.942
(170,063)
27,879
Page 8
CO￿tIllut(L..

FarDbOro￿gh Air Sciences Trust
t%otes to the FIna￿CIal Ststements- continued
for the Year Ended 31 Juty 2022
12.
MOVEMENT tN FUYDS- conlinued
Comparatives for moveTheNt in fund$
Net
movetnenÉ
in fundy
At
31,7.21
At 1.8.20
Unrestricted funds
General fijnd
310,614
45,201
355.815
TOTAL FLThDS
310,614
45,201
355,815
Cotnparaiiye net movement in included ill the alx>ve are as follows..
Incoming
Resources
expended
Movement
in fi￿dS
Unrestrieted funds
General furLd
120.380
(75,179)
45,201
TOTAL FUNDS
120.380
{75,179)
45,20I
A current year 12 months and Prior year l2 months combined position is &8 follows:
Net
Tnovem¢nt
in fi￿d5
At
31.7.22
A¢ l 8_20
Unrestrleted funds
General fund
3 10,614
73,080
383,694
TOTAL FUNDS
310,614
73,080
383.694
A current year 12 months and prior year 12 months combined net movement in fi]nds, included in the above are
as follows..
InwTning
R¢sourc¢s
Movement
in ￿ndS
Ullrestrieted futtds
Generat fund
318,322
(245,242)
73,080
TOTAL FUNDS
318,322
(245,242)
73.080
Page 9
¢ODtinue(L..

Farnborough Air Sciences Trust
Notes to tht Financial Statements- CODtiDued
for the Year Ended 31 July 2022
13.
RELATED PARTY DISCLOSLTiES
There were rLO related party traD5actions for th¢ year ¢od¢d 31 July 2022.
Page 10

F4rnlMbrough Afir S¢iene¥ Trusl
Detailed Statetllent of Fillancial Activtties
for the l-ear E￿ded 31 July 21122
31.722
31.7.21
INCOME AND ENDoWMETr￿s
DonatlODS and legaeie5
Donations
Gift aid
Grants
Subscriptions
162,270
2,729
2,500
12,033
73.868
8,000
17,907
12,604
179,532
112.379
Other tradlng aet5Tr'lties
Archive/Photo sales
Tours
2,483
15,880
3,700
4,285
18,363
7,985
Investment Ineome
Dep05lt accouTht interest
47
16
Totttl ineomillg resourc
197,942
120,380
EXPEL¥DITURE
Investment management costs
Exceptional items
14273
Support eosts
Management
R¢nt- Centrifijge
Insurance
Light and heat
Postage and stationery
Sundri¢5
Bricks
Wgst¢
Security
PriAtii
Cleaning
IT
VisitsiTours
Advertiging
otTice Costs
Archive Phot05
Museum Displays
Museum MaintenatLce
Library Costs
Workshop
25.000
3.493
6,7?6
1,005
60
379
700
2,909
1,835
600
1,368
2,998
14.694
1,364
149
226
2.723
3,240
13,567
3,577
1,357
978
3,672
894
,393
135
2,746
5,271
856
53
5,888
50,251
560
1,092
112,271
55,423
This page does llot fomi part of the statutory financial statements
Pagell

Fornborough Alr S¢ieoees Trust
Detailed Statement of Financial ActiTriti¢5
for the Year Ended 31 July 202?
31.7.22
31.7.21
MaDagetTheDt
Finance
Pa￿2] Fees
Credit Card Charges
33
696
51
383
729
434
Information technology
Repairs and renewals
19,719
Governance costs
Accountsncy and legal fees
Depreciation of t&ng&ble fix¢d assets
I,&f2
1.583
l7.739
23,071
19,322
Total resources ¢xp¢nded
170,063
75,179
Net I￿rom¢
27.879
45.201
This pa(Te does not forni part of tbe stabknry fiDancial statements
Page 12

REGISTERED CHARTIY NUMBER: 1040199
Rewjrt of the Trpst¢e5 gnd
U￿s￿dI￿d Finantixl Statements
for the Year Ended 31 July 2022
for
F*rnborough Air Scienttg Trust
Graham Best & Co
189 Lvnchford Road
Famborough
Hampshire
GU146HD

Farnborough Alr Sciencos Trust
Contents of the Financial Statements
for ItLe Year Ended 31 July 2022
P8ge
Report of the Trustee5
Independent Examiner's Report
Statement of Financial Activitie5
Balanee Sbeet
Noles to th¢ Financial Stslemetlts
5 to 10
D¢tsll¢d Ststemtttt of Flllanelal Aetivities
11 to 12

Far￿bOr0llgh Air Seienees Trust
Report of the Trustees
for the Year Ended 31 Juty 2022
The tjustees present their report hith th¢ financtal s￿tetneDts of the charitv for the year ended 31 July 2012. The tNstees
have adopted the provisions of Accounting and Repor[￿8 by Chatiiies.. Stawnent of Recommended Practice applicable
to chariiies preparing the￿ accounts iu accordance with the Financial Reporting Standard applicable in the LQ( and
Republic of treland {FRS 102) (effective l JaDUWy 2019).
STRUCTURE, GOVERNAliCE AND MAfiAGEMENr
Governing documenl
The charity is controlled by its governing docU￿en4 a deed of tnjst and const[t￿S an uninwrporat¢d ¢harity.
Related parties
Ten of the Trustees of the Charity are each th¢ Iwld¢r of 10 shares in Ttynchard Trading Limited a retail trading
company.
A number of the Charity Tntstees are directors of the company.
REFERENCE A￿ry) ADLVIINISTRATIVE DETAIIS
Registered Charity Duwb¢r
1040199
PriDcipal address
Trenfjhard House
85 Farnborough Road
Famborough
HatnpslLire
GU14 6TF
Trustees
R Gardner Chairman
L Peskett
Dr G M Rood Secretary
B Luff Museum CLfdtor
D F M Ciordon
D Wilson
Sir Donald Spier5 Vice Chairn
M J Hordley
P O Buckroyd
A Lloyd
Mrs S L Adcock
Independent E￿￿1￿er
Graham Best & Co
FCA
Graham Best & Co
189 LJn¢hford Road
Farnborough
Hampshire
GU14 6FtD
Approved by order of the board of th￿te¢S on 16 Mard12023 and signed on its behalf by..
R Gardner- Twstee
Page I

Independent Examiner's Rewrt to the Trustees of
Farnborough .4ir Science5 TTIiSt
Independent examiner's reporl to the trustees of Farnborough Air Scie￿¢¢$ Trust
I report to the charity trustees on my examination of the accounts of Farnborough Air Sciences Trust (the Tn￿t) for the
year ended 3K July 2022.
Responsibllltks and bas19 of report
As the charity trustees of the Trust you are responsil)le for the prepardtion of the accounts in accordall¢e with the
requiremellts of the Charities 2011 (the Act?.
I report in respect of my examination of the Tn]st's accounts carried oui under Seciion 145 of the Aci and in ca￿ll￿ Out
roy exa￿lI)atIon I have followed a]1 applicable Directions given by the Clwity Commission uoder Settitsn 145(5)(b) of
the Act.
Indepelldellt examIne￿S statement
I have ¢oinplctcd Tlly examination. I con6mi that no m&eriai n]atters have corne to my attention in connection witb the
examination giving me Cause to believ¢ thot in any material respect:
counting record5 were not kept tn respeci of the Trust as required by Section 130 of the Act. or
the accounis do not accord with those records,. or
tbe accounts do noi comply with the applicable requiretllents concerning tbe form attd content of accounts set out
in the Charities {Accounts and Reports) Regulalions 2008 other than an). requirement that the accounts give
true and fair view which is not a matter comidered as part of an independent examlliatio]k.
I have no conceills and have come across no other matters in connection with the examination to which att¢ntion should
be drawn in thi5 report in order to eDable a proper iLtLderstsnding of the accounts to be reached.
Graham Best & Co
FCA
Graham Best & Co
l89 L￿Chf0rd Road
Famborough
Hampshire
GU146FtD
Date..
P￿¢2

Farnborollgh Air Stiettces Tr￿t
ststetThent of Fittaneial Aettvities
ror tILe Year Ended 31 Juty 2022
31.7.22
Total
nds
31.7.21
Total
funds
Utuestricted Restricted
fi]nds
nds
Notes
INCOME AND ENDOIITrIEKfs FROM
Donations and legacies
179,532
179,532
112.379
Other trading activities
lllvestment income
18,363
47
18,363
47
7,985
16
Tolol
197,94?
197,942
120.380
XPEI P4DITURE ON
Raising fund5
148.634
148.634
55.857
21.429
21,429
19,322
Total
170,063
170,063
75,179
NET tNCOME
27,879
27,879
45,201
RECONCILIATION OF FUNDS
Totsl funds bro￿1 forward
355.815
355,815
310,614
TOTAL FU￿T)s CARRIED FORWARD
383.694
383.694
355,815
The nole5 forfftpart of these financial staten￿ts
Page 3

Farnborough Air Science5 Trust
Balance Sheel
31 Julv 2022
31.7.22
Totsl
fi]nds
31.7.21
Total
funds
UTtre5tricted
fund5
Restritted
funds
Not¢5
FIXED ASSETS
Tangible ￿set9
Heriiage ￿Sets
Investtntnts
97,065
7.982
97,065
7,982
68,410
21,166
14,273
105.047
105,047
103.849
CURRFNT ASSETS
Debtors
Cash at bank in hand
io
19,622
259.896
(2,096)
256,120
259.896
279,518
279.518
254.024
CREDITORS
AD]ounts falling due within one year
(871}
(871)
(2,0581
NET CURRENT ASSETS
278,647
278,647
251,966
TOTAL A&SETS LESS CURREf+rr
LIABtLrrIES
383.694
383,694
355,815
NET A&SETS
383,694
383,694
355,815
FUNDS
Unrestricted fullds
12
383,694
355,815
TOTAL FUl+lDS
383,694
355,815
The f]nanci&l statements were approved by thc Board of Trustees and authorised for issue on 16 Mawh 2023 and were
Sl8ned on its behalf by..
R Gardner- Trustee
The notes forn] part of these finaDcial slatements
Page 4

F*rnb0r0￿gh Air Sciences Tn￿1
Notes to the Financial Sts¢emeDts
for the Year Ended 31 July 2022
ACCOUJYTILYG POLICIES
Basis of preparing the financial 5tatemellts
The fillancial sta￿￿ents of the chaTity, Thhich is a public benefit entity. under FRS 102, have been prepared in
arcordance with the Charities SORP IFRS 10?) 'Aceounting aud Reportillg by Charities- Statement of
Recommended Prnctiee applicable Éo eharities preparing their accounts in accordance the Financial
Reporting Standard applicable in the UK and RepuDlic of Ireland (FRS 102) (effective l January 20191,.
Finanolal Reporting Siandard 10? The Ftllancial R¢p(>rtints Standard applicable in die UK and Republtc of
Ireland, and the Charities Act 2011. The financi￿ statements have been prepared wider the historical cost
¢onvention, with th¢ exception of iDve51meDts which are included at utarket value.
Income
All income is recognised in the S&￿eMent of Financial Activities once the charity has entitlement to the Fjnds, it
is probable that the income will be recei￿ed and the amount can be Tneasured reliably.
Exp¢nditure
Liabilities are reco￿]Sed as expendiwre a5 500n as there is a legal or constrnctive obligation eomrnitting the
clwity to that expenditure, it is probable that a transfer of eeonomic benefits will required in Settle￿¢llt and
the a￿Ount of the obligation can be rn￿ured reliably. Expenditurc i5 Rccounted for on an accTuals basis ha5
beeJL classified under headings that a￿(1 etsate ail cost related to the cat￿ory. Where costs caunot be diredly
attributed tts particular headings they have been all0￿ed to activitie5 ijn ? basis fQllSiStent with the use of
r¢sourees.
Tangible rtxed a55ets
Depreciation is provided at the following anulla] rntes iD order to wriie off eacb asset over its esti]nated useful
life.
The Jaguar Builditi8
Plant and Tna¢hin¢ry
The CTrJy PaYÈlion
ill ￿￿ordance with the proi
I￿10 on cost
95Q/¢ on cost
Taxation
Th¥ rharitr¢ is exellwt from tOX ¢)n its Charitable activitie5.
Futtd aeeounting
Unrestricted filnds can be used in accordance witb the charitable obj¢¢tives It the discretion of the trustees.
Restricted fimds can onlv be ￿$￿ for particular re5trtcred purrM)ses within the objects of tbe charity. RestrictiODS
ise when specified by the donor or when funds are rdised for particular restricted PULposes.
Further explanatioll of the nature aud purp)se of each fi￿d is included tn the notes to the financial statements.
OTHER TRADING ACTIVITtES
31.7.22
31.7.21
Archiv¢/PhotO 5al¢s
Tours
2,483
15,880
3.7(M)
4,285
18J63
7,985
Page 5
contittued..

FY4rnborough Air ScieDces Trust
Notes to the Financial Statemettts- eontknued
for the Year Ended JI Juty 2022
INVE5TME.NT LYCOME
31.7.22
31.7.21
Deposit a¢¢ouni interest
47
16
RAISING FUNDS
Ha￿]Ng donation5 legacie5
31.7.22
31.7.21
Support ￿$ts
lJ4,361
55,857
Investment management costs
31.7.22
31.7.21
Exceptional items
14,273
Ag¥egate amounts
148,634
55,857
TRUSTEES, RETriuf4EIUTION AND BE.YEFITS
There were no trn5tees' remuneration or other benefits for the yejr end￿ 31 July 2022 nor for th¢ year ended
JI July2021.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 July 2022 nor for die year ended 31 July 2021.
COMPARATIVES FOR THE STATELWIENf OF FINAf4ciAL AcfiviTIES
Unrestricted
fvnds
Restrictsd
fimds
Total
fvnds
INCOME AND E￿￿)wLI1ELyTs FROM
Donations and legacies
112.379
112.379
Other trading activiti¢s
InYesttllEnt income
7,985
16
7,985
16
Total
120.380
120,380
EXPEPaDrruRE ON
Raising fimds
55,857
55,857
Otber
19,322
19J22
Tothl
75,179
75,179
NET INCOM
45201
45,201
Pag¢ 6
continued..-

F4rnborough Air Sciences Trust
otes to the Financial Statements- eoKÉillued
for the Year E￿￿ed 31 July 2022
COMPARATIVES FOR THE sfATEMEYT OF FINANCIAL ACTivifiES- continued
Uure5tricted
R¢stricted
funds
funds
Total
fijnds
RECONCtLIATION OF FUNDS
Total funds brought focward
310.614
310.614
TOT AL FUNDS CARRtED FORWARD
355.815
355,815
TANGIBLE FIXED ASSETS
Jaguar
Building
Plant and
achinery
The Cody
Pavilion
Totals
COST
At l AugLL8t 2021
Additions
81,966
18.171
36,900
61,750
161,887
36,900
At 31 July 2022
81.966
55.071
61,750
198,787
DEPRECIATtof*
At l August 2021
Charge for y
29.910
2.738
1,817
5,507
61,750
93,477
8245
At 31 July 2022
32,648
7,324
61,750
101.722
NET BOOK VALUE
At 31 Jul). 21r22
49,318
47,747
97,065
At31 July2021
16354
68,410
HERITAGE ASSETS
Total
MARKET VALUE
At l August 2ff21 and 31 July 2022
159,582
PROVISIONS
At l August 2021
Charge for year
li8,416
13.184
Ai 31 July 2022
151,600
NET BOOK VALUE
At 31 July 2022
7.982
At31 July2021
21,166
Page 7
colltinued...

FarnlM>roI￿ Air Sciences Trust
Notu to the Financial Ststements- eontinued
for the Ye8r Ended 31 July 2022
FIXED ASSET INVESTiIIE.YTS
31.7.22
31.7.21
Loans
14,273
tK)ans to
group
UThdertak￿gS
At l August 2021
Other movements
14,273
(14,273)
At 31 July 2022
Th¢r¢ were no inv¢stTn¢nt wets Outside the Ut
10. DEBTORS: AMOIINTS FALLING DUE WITHtN ONE YEAR
31.7.22
31.7.21
Tren¢h&rd Tioding Limited
19,622
(2,096)
ii.
CREDITORS: LMouprr5 FALLING DUE WITHIN ONE YEAR
31.7.22
31.7.21
Other cr¢ditor5
871
1058
12.
MOVEMENT IN FUTr4DS
Net
movement
in Sjnds
At
31.7.22
At 1.8.21
Unrestrleted fund5
General ftmd
355,815
27,879
383,694
TOTAL FUP4DS
355,815
27,879
383.694
Net movement in fund5. included in the aEK)Ye are as follows..
Incoming
resource5
Resollrce$
expended
Movement
in fvnds
Unresiricted funds
General fund
197,942
(170,063)
27,879
TOTAL VUliDS
197.942
(170,063)
27,879
Page 8
CO￿tIllut(L..

FarDbOro￿gh Air Sciences Trust
t%otes to the FIna￿CIal Ststements- continued
for the Year Ended 31 Juty 2022
12.
MOVEMENT tN FUYDS- conlinued
Comparatives for moveTheNt in fund$
Net
movetnenÉ
in fundy
At
31,7.21
At 1.8.20
Unrestricted funds
General fijnd
310,614
45,201
355.815
TOTAL FLThDS
310,614
45,201
355,815
Cotnparaiiye net movement in included ill the alx>ve are as follows..
Incoming
Resources
expended
Movement
in fi￿dS
Unrestrieted funds
General furLd
120.380
(75,179)
45,201
TOTAL FUNDS
120.380
{75,179)
45,20I
A current year 12 months and Prior year l2 months combined position is &8 follows:
Net
Tnovem¢nt
in fi￿d5
At
31.7.22
A¢ l 8_20
Unrestrleted funds
General fund
3 10,614
73,080
383,694
TOTAL FUNDS
310,614
73,080
383.694
A current year 12 months and prior year 12 months combined net movement in fi]nds, included in the above are
as follows..
InwTning
R¢sourc¢s
Movement
in ￿ndS
Ullrestrieted futtds
Generat fund
318,322
(245,242)
73,080
TOTAL FUNDS
318,322
(245,242)
73.080
Page 9
¢ODtinue(L..

Farnborough Air Sciences Trust
Notes to tht Financial Statements- CODtiDued
for the Year Ended 31 July 2022
13.
RELATED PARTY DISCLOSLTiES
There were rLO related party traD5actions for th¢ year ¢od¢d 31 July 2022.
Page 10

F4rnlMbrough Afir S¢iene¥ Trusl
Detailed Statetllent of Fillancial Activtties
for the l-ear E￿ded 31 July 21122
31.722
31.7.21
INCOME AND ENDoWMETr￿s
DonatlODS and legaeie5
Donations
Gift aid
Grants
Subscriptions
162,270
2,729
2,500
12,033
73.868
8,000
17,907
12,604
179,532
112.379
Other tradlng aet5Tr'lties
Archive/Photo sales
Tours
2,483
15,880
3,700
4,285
18,363
7,985
Investment Ineome
Dep05lt accouTht interest
47
16
Totttl ineomillg resourc
197,942
120,380
EXPEL¥DITURE
Investment management costs
Exceptional items
14273
Support eosts
Management
R¢nt- Centrifijge
Insurance
Light and heat
Postage and stationery
Sundri¢5
Bricks
Wgst¢
Security
PriAtii
Cleaning
IT
VisitsiTours
Advertiging
otTice Costs
Archive Phot05
Museum Displays
Museum MaintenatLce
Library Costs
Workshop
25.000
3.493
6,7?6
1,005
60
379
700
2,909
1,835
600
1,368
2,998
14.694
1,364
149
226
2.723
3,240
13,567
3,577
1,357
978
3,672
894
,393
135
2,746
5,271
856
53
5,888
50,251
560
1,092
112,271
55,423
This page does llot fomi part of the statutory financial statements
Pagell

Fornborough Alr S¢ieoees Trust
Detailed Statement of Financial ActiTriti¢5
for the Year Ended 31 July 202?
31.7.22
31.7.21
MaDagetTheDt
Finance
Pa￿2] Fees
Credit Card Charges
33
696
51
383
729
434
Information technology
Repairs and renewals
19,719
Governance costs
Accountsncy and legal fees
Depreciation of t&ng&ble fix¢d assets
I,&f2
1.583
l7.739
23,071
19,322
Total resources ¢xp¢nded
170,063
75,179
Net I￿rom¢
27.879
45.201
This pa(Te does not forni part of tbe stabknry fiDancial statements
Page 12