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|||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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|impetus
behind the founding
of
He will be sorely missed.|impetus
behind the founding
of
He will be sorely missed.|impetus
behind the founding
of
He will be sorely missed.|the char|ity. Our sinc|ere con|dolences
go to the family ofa fin|
|---|---|---|---|---|---|---|
|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|||
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||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|
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||||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|
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||||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|
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|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|
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|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|
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|||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|
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|||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|
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|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|
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|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|
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