## 

||Page|
|---|---|
|Report ofthe Trustees|Ito3|
|Independent<br>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<br>income||||68/59|207,571|
|RESOURCES EXPENDED||||||
|Costs ofgenerating<br>funds||||||
|Costsofgenerating<br>voluntary|income|||2,517||
|Charitable<br>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<br>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<br>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<br>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<br>funds||||
||Genend fund|815,152|(30,674)|784,478|
||TOTAL FUNDS|815,152|(30,674)|784,478|
||Net movement<br>in funds, included in the above are as follows:||||
|||Incoming|Reourees|Movement<br>in|
|||resources|expended|tunds|
||Unrestricted<br>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<br>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<br>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<br>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<br>income||||
|Donations<br>8'clegacies||68/59|207471|
|Total incoming resources||68/59|207471|
|RESOURCES EXPENDED||||
|Costs ofgencrathtg<br>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|