2021-03-31-accounts

		Page
Report ofthe Trustees		1-4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statements		8-15

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Reference and administrative			details
Registered	company	number		07952908	(England	and Wales)
Registered	charity number			SC046266	(Office	ofthe Scottish Charity Regulator)
				1148093(Charities		Commission)
Registered	office			First Floor
				50 High Street
				Cosham
				Portsmouth
				PO6 3AG
Independent	examiner			Michael Harkness		FCCA
				Azets Audit Services
				Chartered	Accountants
				Exchange	Place 3
				Semple Street
				Edinburgh
				EH3 8BL

	Note	Unrestricted	Restricted	2021	2020
		fund	fund	Total funds	Total funds
Income from:		E	E	E	E
Donations and legacies	3	71,221	20,000	71,221	160,338
Other trading activities —aircraft hire		12,399		12,399	581
Total income		83,620	20,000	103,620	160,919
Expenditure on:
Raising funds	4	18,729		18,729	19,875
Charitable activities		71,165	2,371	73,536	129,967
Total expenditure		89,894	2,371	92,265	149,842
Net (expenditure)/income		(6,274)	17,629	11,355	11,077
Transfer between funds
Net movement in funds		(6,274)	17,629	11,355	11,077
Reconciliation offunds:
Total funds brought forward		158,988	15,748	174,736	163,659
Total funds carried forward	9	152,714	33,377	186,091	174,736

			Note	2021f	2020f
Fixed assets
Tangible assets				21,841	24,338
Current assets
Debtors				34,984	7,355
Cash at bank				134,336	I49,343
				169,230	155,708
Creditors
Amounts falling due within		one year		(5,070)	(5,310j
Net current	assets			164,250	150,398
Total assets	less current	liabilities		186,091	174,735
Net assets				186,091	174,735
Funds
Unrestricted	funds			152,714	158,988
Restricted funds				33,377	15,748
Total funds				186,091	174,736

			Unrestricted	Restricted
			funds	funds	2021	2020
Donations	and	legacies	F	F	F
Donations			71,221	20,000	91,221	160,338
			71,221	20,000	91,221	160,338

			Raising	Charitable
		Note	funds	activities	2021	2020
Expenditure			6	E	E	5
Wages and salaries			17,086	17,085	34,171	33,726
Fundraising	expenses		1,643		1,643	3,012
Grants repaid						f2,000
Aircraft maintenance				11,033	11,033	6,715
Training				32,586	32,586	55,090
Student expenditure				223	223	13,407
Travel						1,559
Depreciation				2,497	2,497	2,792
Insurance				2,863	2,863	2,672
Website costs				582	582	557
Entertainment						337
Bank charges				17	17	300
Postage and	stationery					87
Irrecoverable	VAT adjustment					10,839
Recruitment				355	355
Sundries				551	551
Gain on sale	offixed asset
Governance	costs - accountancy			5,744	5,744	6,749
			18,729	73,536	92,265	149,842

Expenditure for the prior year totalled 8149,842 of restricted.	which 6113,104was unrestricted and 636	,738was
Staff costs	2021	2020
	F	5
Wages and salaries	34,171	33,319
Social security costs		407
	34,171	33,726

6.	Tangible fixed assets	Tangible fixed assets	Aircraft	Equipment	Totals
			F	F
	Cost
	At 1 April 2020		36,958	2,048	39,006
	At 31 March 2021		36,958	2,048	39,006
	Depreciation
	At 1 April 2020		13,252	1,416	14,668
	Charge for year		2,371	126	2,497
	At 31 March 2021		15,623	1,542	17,165
	Net book value
	At 31 March 2021		21,335	506	21,841
	At 31 March 2020		23,706	632	24,338
				2021	2020
7.	Debtors			F
	Prepayments and accrued income			34,984	7,365
				34,984	7,365
				2021	2020
8.	Creditors: amounts	falling due within one year		F
	Other creditors				200
	Accruals and deferred	income		5,003	5,347
	Other taxation and social security			67	763
				5,070	6,310

		Balance at				Balance at
9.Movements	in funds	1April				31 March
		2020	Income	Expenditure	Transfer	2021
		5	6	E		6
Unrestricted	funds:
General		158,988	83,620	(89,894)		152,714
Restricted	funds:
Aircraft fund		15,748		(2,371)		13,377
Salary fund			20,000			20,000
		174,736	103m620	(92,265)		186,091

		Balance at				Balance at
Movements	in funds	1 April				31 March
		2019	Income	Expenditure	Transfer	2020
		5	8	F		8
Unrestricted	funds:
General		145,277	160,919	(147,208)		158,988
Restricted	funds:
Aircraft fund		18,382		(2,634)		15,748
		153,559	160,919	(149,842)		174,736

10.	Analysis ofnet assets	Unrestricted	Restricted
	among funds	funds E	funds E	2021 E	2020f
	Fixed assets	8,464	13,377	21,841	24,338
	Net current assets	144,250	20,000	164,250	150,398
		152,714	33,377	186,091	174,736

Analysis ofnet assets among	Unrestricted	Restricted
funds	funds E	funds E	2020 E	2019f
Fixed assets	8,590	15,748	24,338	27,130
Net current assets	150,398		150,398	138,529
	158,988	15,748	174,736	163,659