2020-12-31-accounts

		Page
Legal and administrative	information
Trustees Annual Report		2-8
Independent Examiner's	Report
Statement of Financial	Activities	10
Balance Sheet
Notes to the financial statements		12-15

			eo e 'Dc ee	'O eo sc e N	e 'o c	e u e 0 I	xr e o 'oc Ieo, u lo e 'a o o. I-
			2020	2020		2020	2019
		Notes	6		6	E
Incoming resources
Donations and legacies		2	91,875			91,675	45,120
Charitable activities		3	10,662			10,662	10,945
Other trading activity		4	16,234			16,234	47,374
Other		12					10,444
Total incoming resources			118,772			118,772	113,882
Resources expended
Cost of raising funds			6,605			6,605	15,122
Costs of Charitable activities			36,040			36,040	64,993
Total resources expended			42,846			42,846	80,115
Net income/(expense)	for the year		75,926			75,926	33,767
Previous year adjustment		13	(11,930)			(11,930)
Net movement in funds			63,996			63,996	33,767
Reconciliation of Funds
Total Funds B/Fwd			94,692		1,275	95,967	62,200
Total Funds C/Fwd			158,688		1,275	159,963	95,967

						2020		2019
					Notes		F	6	6
Fixed assets
Tangible assets							6,329		7,446
Investments							399		399
							6,728		7,845
Current assets
Stock					8	5,085		4,212
Debtors					7	4,796		3,783
Cash at bank and			in	hand		144,584		84,183
						154,465		92,178
Creditors:		amounts		falling due within one year	9	1,230		4,055
Net current		assets					153,235		88,123
Net assets							159,963		95,967
Funds
Unrestricted		funds					158,688		94,692
Restricted	funds						1,275		1,275
Total funds							159,963		95,967

2	Donations	and Legacies	and Legacies	and Legacies		2020	2019
						Total	Total
	Donations					28,463	41,830
	Legacy					60,000
	Gift aid					3,412	3,289
						91,875	45,120
3	Charitable	Activities				2020	2019
						Total E	Totalf
	Subscri ptions					10,649	9,034
	Other					13	1,911
						10,662	10,945
4	Other trading		activity
						2020	2019
						Total	Total
							6
	Fund raising	(event		tickets)		6,130	13,378
	Fund raising	(Events)				6,734	23,305
	Prize draw						2,407
	Sales					3,371	8,284
						16,234	47,374
5	Cost of Charitable			Activities		2020	2019
						Total	Total
						F
	Corporate fees					26	323
	Membership	support				2,615	2,959
	Subscripiions					70	60
	Insurance					9,745	4,743
	Travel					296	2,907
	Bank charges					687	1.133
	Engineering				sa	18,796	41,983
	Rent & rates					1,976	9,101
	Depreciation					1,117	564
	Vulcan news					712	1,221
						36,040	64,993
5a	Engineering					2020	2019
						Total	Total
	Aircraft					4,987	11,032
	Support Equipment					6,851	9,309
	Infrastructure					2,234	8,404
	Consumables					3,232	4,562
	Fuel					11	234
	Tools &Misc					1,481	8,441
						18,796	41,983

6	Tangible Fixed Assets	Tangible Fixed Assets	Vulcan	Plant &
			XL426	Equipment	Totalf
	Cost
	As at 1 January 2020		8,500	17,147	25,647
	Additions
	As at 31 December	2020	8,500	17,147	25,647
	Depreciation
	As at 1 January 2020		8,500	9,701	18,201
	Charge for the year			1.117	1,117
	At 31 December 2020		8,500	10,818	19,318
	Net book values
	At 31 December 2020
	At 31 December 2019
7	Debtors
				2020	2019
				Totalf	Total f.
	Tax Reclaim Due			3,412	3,289
	Prepayments			1,384	494
8	Stock
	Opening Stock				4,212
	Purchases				3,592
	Less stock used				2,719
	Closing Stock				5,085
	Sales				2,811
	Profit/(loss)				92
9	Creditors: amounts	falling due within one year
				2020	2019
				Totalf	Totalf
	Other creditors and	accruals		1,230	4,055
				1,230	4,055

10	Analysis	ofFunds	ofFunds	Balance			Balance
				Brought	Incoming	Resources	Carried
				Forward	Resources	Expended	Forward
				6		E	E
	Unrestricted		Fund
	General	Reserve		87,246	118,772	41,729	164,289
	Tangible	Fixed Assets Fund		7,446		1,117	6,329
				94,692	118,772	42,846	170,618
	Restricted		Fund	1,275			1,275
	Total			95,967	118,772	42,846	171,893