|||Page||
|---|---|---|---|
|Report oi'the Trustees|1|to|2|
|Independent<br>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<br>and legacies||156,956|157,277|
|Other income||3,250||
|Total||160,206|157,277|
|EXPENDITURE ON||||
|Raising funds||1,416|1,888|
|Charitable<br>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<br>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<br>and legacies|157/77|
|EXPENDITURE ON||
|Raising funds|1,888|
|Charitable<br>activities||
|Aircraft displays<br>and airshows|156,898|
|Total|158,786|
|NET INCOME/(EXPENDITURE)|(1,509)|
|RECONCILIATION OFFUNDS||
|Total funds brought<br>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<br>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<br>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)|