2023-03-31-accounts

		Page
Report oi'the Trustees	1	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Statement ofFinancial Position
Notes tothe Financial Statements	6	to	11
Deiniled Statement ofFinancial Activities		12

		2023	2022
		Unrestricted	Total
		fund	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		156,956	157,277
Other income		3,250
Total		160,206	157,277
EXPENDITURE ON
Raising funds		1,416	1,888
Charitable activities
Aircraft displays and airshows		148,933	156,898
Total		150,349	158,786
NET INCOME/(EXPENDITURE)		9,857	(1,509)
RECONCILIATION OFFUNDS
Total funds brought forwiud		782,969	784,478
TOTAL FUNDS CARRIED FORWARD		792,826	782,969

		2023	2022
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		4,247	5,663
Heritage assets		725,169	725,169
Investments		100	100
		729,516	730,932
CURRENT ASSETS
Debtors		60,00&	49,532
Cash at bank		3,302	2,505
		63,310	52,037
NETCURRENT ASSETS		63,310	52,037
TOTAL ASSETSLESSCURRENT
LIABILITIES		792,826	7$2,969
NET ASSETS		792,826	782,969
FUNDS	10
Unrestricted funds		792,826	7$2,969
TOTAL FUNDS		792,826	782,969

COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACT	IVITIES
	Umestricted
	fimd
INCOME AND ENDOWMENTS FROM
Donations and legacies	157/77
EXPENDITURE ON
Raising funds	1,888
Charitable activities
Aircraft displays and airshows	156,898
Total	158,786
NET INCOME/(EXPENDITURE)	(1,509)
RECONCILIATION OFFUNDS
Total funds brought forward	784,478
TOTAL FUNDS CARRKD FORWARD	782,969

			Plant and
			machinery
	COST
	At 1April 2022 and 31	March 2023	77464
	DEPRECIATION
	At 1April 2022		71,601
	Charge foryear		1,416
	At 31March 2023		73,017
	NET BOOKVALUE
	At 31Mech 2023		4,247
	At31Match 2022		5,663
7.	HERITAGE ASSETS
			Total
	MARKET VALUE
	At 1April 2022 and 31	March 2023	725,169
	NET BOOKVALUE
	At 31Match 2023		725,169
	At 31Match 2022		725,169
8.	FIXEDASSETINVESTMENTS
			Shares in
			group
			undertakings
	MARKET VALUE
	At 1April 2022 and 31March 2023		100
	NET BOOK VALUE
	At 31Match 2023		100
	At 31March 2022		100
	There were no investment	assets outside the UK.

9.	DEBTORS	:	AMOUNTS	FA	LLING DUE	WITHIN ONE YEAR
							2023	2022
	Due from group company						60,008	49,532
10.	MOVEMENT IN FUNDS
							Net
							movement	At
						At 1.4.22	in funds	31.3.23
	Unrestricted		Ihnds
	General fund					782,969	9,857	792,826
						782,969	9,857	792,826
	Net movement		in funds, included in the above			are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
	Unrestricted		funds
	General fund					160,206	(150,349)	9,857
	TOTAL FUNDS					160,206	(150,349)	9,857
	Comparatives		for movement		in funds
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
							E
	Unrestricted		funds
	General fund					784,478	(1,509)	782,969
						784,478	(1,509)	782,969
	Comparative	net movement		in	funds, included	in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
								f.
	Unrestricted	funds
	General fimd					157,277	(158,786)	(ri509)
	TOTAL FUNDS					157,277	(158,786)	(1,509)

			Net
			movement	At
		At IA.21	in funds	31.3.23
Unrestricted	funds
General fund		784,478	8,348	792,826
TOTAL FUNDS		784,478	8,348	792,826

			Incoming	Resources	Movement
			resources	expended	in fimds
	Unrestricted	funds
	General fund		317,483	(309,135)	8,348
	TOTAL FUNDS		317,483	(309,135)	8,348
11.	CAPITAL COMMITMENTS
				2023	2022
	Contracted but	not provided for in the financial statements

	'I	Statement ofFinan	la	vi
			ar
					2023	2022
INCOME AND ENDOWMENTS
Donations and legacies Donations 4legacies					156,956	157377
Other income
Saleofaircraft hull					3,250
Total incoming resources					160,206	157@77
EXPENDITURE
Raising donations and legacies
Depreciation oftangible fixed assets					1,416	1,888
Charitable activities
Grants to Heritage Aircraft Limited					148,873	156,878
Support costs
Finance
Bank charges					60	20
Total resources expended					150,349	158,786
Net income/(expenditure)					9,857	(1,509)