2021-12-31-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

			'UI V Ih c tOI r.D	I V 'a V O tO IL	Ol C	C 0I-	Ol o C I CL LL L Cl cL I- ~ o
		Notes	2021f	2021f		2021f	2020f
Incoming resources Donations and legacies			70,016			70,016	91,875
Charitable activities			11,487			11,487	10,662
Other trading activity			57,670			57,670	16,234
Total incoming resources			139,173			139,173	118,772
Resources expended
Cost of raising funds			21,207			21,207	6,805
Costs ofcharitable activities			92,093			92,093	36,040
Total resources expended			113,301			113,301	42„846
Net income/(expense)	for the year		25,872			25,872	75,926
Previous year adjustment		12					(11,930)
Net movement in funds			25,872			25,872	63,996
Reconciliation of Funds
Total Funds B/Fwd			158,688		1,275	159,963	95,967
Total Funds C/Fwd			184,560		1,275	185,835	159,963

	Donations	and legacies	and legacies	and legacies		2021	2020
						Total	Total
						f.
	Donations					39,853	28,463
	Covid grants					20,775
	Legacy Gift aid					5,444 3,943	60,000 3,412
						70,016	91,875
	Charitable	activities				2021	2020
						Total	Total
	Subscriptions					11,467	10,649
	Other					20	13
						11,487	10,662
	Other trading		activity
						2021	2020
						Total	Total
						f.
	Fund raising		(Event	tickets)		37,032	6,130
	Fund raising		(Events)			6,505	6,734
	Prize draw					2,529
	Sales					11,605	3,371
						57,670	16,234
	Cost ofcharitable			activities		2021	2020
						Total	Total
	Corporate fees Membership support					3,941 3,781	26 2,615
	Subscriptions					20	70
	Insurance					20,230	9,745
	Travel					401	296
	Bank charges					297	687
	Engineering				5a	52,822	18,796
	Rent &rates					5,683	1,976
	Depreciation					4,577	1,117
	Other					341
	Vulcan news						712
						92,093	36,040
5a	Engineering					2021	2020
						Total	Total
	Aircraft					13,456	4,987
	Support Equipment					5,596	6,851
	Infrastructure					16,429	2,234
	Consumables					4,360	3,232
	Fuel					9,301	11
	Tools 8 Misc					3,679	1,481
						52,822	18,796

6	Tangible fixed assets	Tangible fixed assets	Vulcan	Plant 8
			XL426	Equipment	Total
	Cost
	As at 1 January 2021 Additions		8,500	17,147 24,185	25,647 24,185
	As at 31 December 2021		8,500	41,332	49,832
	Depreciation As at 1 January 2021		8,500	10,818	19,318
	Charge for the year			4,577	4,577
	At 31 December 2021		8,500	15,395	23,895
	Net book values
	At 31 December 2021			25,937	25,937
	At 31 December 2020			6,329	6,329
7	Debtors
				2021	2020
				Total	Total
	Tax Reclaim Due			3,943	3,412
	P repayments			2,242 6,185	1,384 4,796
8	Stock
	Opening Stock Purchases				5,085 8,594
	Less stock used				6,493
	Closing Stock				7,186
	Sales				11,605
	Profit/(loss)				5,111
9	Creditors: amounts	falling due within one year
				2021	2020
				Total F	Totalf
	Other creditors and accruals			3,343	1,230
				3,343	1,230

10	Analysis	offunds	offunds	Balance			Balance
				Brought	Incoming	Resources	Carried
				Forward E	Resources f.	Expended f.	Forward f
	Unrestricted		Fund
	General	Reserve		152,359	114,988	108,724	158,623
	Tangible	Fixed Assets Fund		6,329	24,185	4,577	25,937
				158,688	139,173	113,301	184,560
	Restricted		Fund	1,275			1,275
	Total			159,963	139,173	113,301	185,835