2021-03-31-accounts

	Page
Report ofthe Trustees	Ito3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes tothe Financial Statements	7toll
Detailed Statement ofFinancial Activities	12

				2021	2020
				Umettricted	Total
				fund	funds
			Notes		E
INCOMNG RESOURCES
Incoming resources from generated		funds
Voluntary income				68/59	207,571
RESOURCES EXPENDED
Costs ofgenerating funds
Costsofgenerating voluntary	income			2,517
Charitable activlthst
Aircraft displays and airshows				96,516	197,194
Total resources expended				99,033	200,562
NET INCOMNG/(OUTGOING)
RESOURCES				(30,674)	7,009
RECONCILIATION OFFUNDS
Total funds brought forward				815,152	808,143
TOTAL FUNDS CARRIED	FORWARD			784,478	815,152

	Balance Sheet At3jM~h J2I21
		2021	2020
		Unrestricted	Total
		fund	funds
FIXEDASSETS
Tangible assets		7,551	10;068
Heritage assets		725,169	72S,169
Investments		100	100
		732,820	735337
CURRENT ASSETS
Debtors		51,656	82/12
Cash at bank		2	3
		51,658	82,215
CREDITORS
Amounts falling due within one year			(2,400)
NET CURRENT ASSETS		51,658	79,815
TOTAL ASSETSLESSCURRENT
LIABILITIES		784,478	815,152
NKT ASSETS		784,478	81S,152
FUNDS	10
Unrestricted funds		784,478	815,152
TOTAL FUNDS		784,478	815,152

S.	TANGIBLE FIXEDASSETS
		Plant and
		machinery
	COST
	At 1April 2020and 31Match 2021	77/64
	DEPRECIATION
	At 1April 2020	67,196
	Charge for year	2,517
	At 31Mech 2021	69,713
	NET BOOKVALUE
	At 31March 2021	7/51
	At 31Mech 2020	10,068
6.	HERITAGE ASSETS
		Total
	MARKET VALUE
	At 1April 2020and 31 Mech 2021	725,169
	NET BOOKVALUE
	At 31March 2021	725,169
	At 31Mech 2020	725,169

7.	FIXEDASSETINVEST	MENTS
				Shues in
				youp
				undertakings
	MARKET VALUE
	At 1April 2020and 31March 2021
	NET BOOKVALUE
	At 31March 2021			100
	At31March 2020			100
	'Ihere were no investment	assets outside the UK.
8.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021	2020
	Due &om group company		51,656	82/12
9.	CREDITORSr AMOUNTS FALLING DUE Wi'MIN ONE YEAR
			2021	2020
			E
				2,400
10.	MOVEMENT IN FUNDS
			Net movement
		At 1.4.20	in funds	At31.321
	Unrestricted funds
	Genend fund	815,152	(30,674)	784,478
	TOTAL FUNDS	815,152	(30,674)	784,478
	Net movement in funds, included in the above are as follows:
		Incoming	Reourees	Movement in
		resources	expended	tunds
	Unrestricted funds
	General fund	68,359	(99,033)	(30,674)
	TOTAL FUNDS	68/59	(99,033)	(30,674)

Comparatives	for movement	for movement	in funds
			Net	movement
			At 1.4.19	in funds f	At31.320
Unrestricted	Funds
Geneml fund			808,143	7,009	815,152
TOTAL FUNDS			808,143	7,009	815,152
Comparative	net movement	in	Smds, included in the above are as follows:
					Movement in
					funds
Unrestricted	fimds
General Smd			207/71	(200,562)	7,009
TOTAL FUNDS			2%471	(200,562)
A cunent year 12months and			prior year 12months combined position isas follows:
			Net	movement
			At 1.4.19	in Smds	At31.3.21
Unrestricted	funds
General fund			808,143	(23,665)	784,478
TOTAL FUNDS			808,143	(23,665)	784,478

					Movement in
					Smds
	Unrestricted	funds
	General fund		275@30	(299495)	(23,665)
	TOTAL FUNDS		275,930	(299/95)	(23,665)
11.	CAPITAL COMMH'MENTS
				2021	2020
					f
	Contracted but not provided for in the financial statements

		2021	2020
INCOMNG RESOURCES
Voluntary income
Donations 8'clegacies		68/59	207471
Total incoming resources		68/59	207471
RESOURCES EXPENDED
Costs ofgencrathtg voluntary	income
Depteciation oftangible fixed	assets	2/17	3368
Charitable activities
Grants to Heritage Aitcrdt Limited		96,516	197,194
Total resources expended		99,033	200,562
Net (expenditure)/income		(30,674)	7,009