**Charity Number -** 1148972 **Company Number-** 7992376
# **ANNUAL REPORT OF THE TRUSTEES OF THE GLIDING HERITAGE CENTRE FOR 2021/22**
## **1 REFERENCE AND ADMINISTRATIVE INFORMATION**
This is the report of the trustees of the Gliding Heritage Centre (GHC) covering the period from 1 April 2021 to 31 March 2022. The reference and administration information is given below.
**Name -** The Gliding Heritage Centre **Charity Registration Number -** 1148972 **Company Registration Number-** 7992376 **Principal Office-** C/O Lasham Gliding Society Lasham Aerodrome Alton, Hampshire GU34 5SS
**The Charity’s Trustees-** Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer Mr M Wills Membership Secretary Mr G Pullen Aircraft and Hangar Manager
1
## **2 STRUCTURE, GOVERNANCE AND MANAGEMENT**
The GHC is a private company limited by guarantee. There are no share holders and any profit cannot be distributed to members. The governing documents are the company’s Memorandum and Articles of Association. The directors of the company also act as the trustees of the charity and they form the Management Committee of the GHC. New directors/trustees can be appointed in two ways:
- a. _By ordinary resolution at a general meeting_ . One third of the directors must retire in rotation each year and can offer themselves for re-election. New directors can be proposed for election by any member of the company.
- b. _By a resolution of the current directors_ . New directors appointed in this way must retire at the next annual general meeting.
The charity has only one class of member. Membership is open to all with no restrictions. The primary benefits of membership are being able to participate in the activities of the GHC and support its objectives. There are no employees and all the tasks involved in running and developing the centre are carried out by unpaid volunteer members.
## **3 OBJECTIVE AND ACTIVITIES**
The object of the GHC as stated in the Articles of Association is:
_“To advance the education of the public in the history of gliding, in particular but not exclusively, by the provision of a heritage centre and the preservation of historical gliders, artefacts and records which can be displayed.”_
In more detail, the key aims are:
- To educate the general public, and in particular young people, about gliding and its history.
- To raise the awareness and improve the understanding of gliding as a sport and to attract new people so that they can benefit from participating.
- To preserve vintage gliders, historical gliding artefacts, knowledge and skills that would otherwise be lost to the nation.
- To establish an archive of important documents, records and plans, and to make these available in an easily accessible form.
Although they are not primary aims the GHC also:
- Provides support and advice to other people who own, operate and restore vintage gliders. This helps to preserve the heritage.
- Forms an educational and recreational facility for aviation enthusiasts.
- Provides a focus for the vintage gliding movement in the UK.
2
The trustees of the GHC pay due regard to the Charity Commission's public benefit guidance when exercising their powers and duties to which the guidance is relevant. The charity complies with the Fundraising Regulator's voluntary regulation scheme. No professional fund-raisers or commercial organisations are involved. Visitors to the centre and to the internet site are invited to make donations but there is no obligation or pressure to do so.
The GHC is located on Lasham Airfield. The airfield is owned by the Lasham Gliding Society (LGS) which granted a 25 year rent-free lease running from February 2013. Many of the members of the GHC are also members of the LGS but this is not mandatory. At the end of this reporting year the membership was 276. At present, the main facilities of the GHC consists of two hangars and a workshop where vintage gliders and other displays can be seen by visitors. The original hangar was completed in August 2013 and a second hangar was opened in the summer of 2018. The workshop was completed in January 2021.
The GHC is a working heritage centre where vintage gliders can be seen both on the ground and in the air. GHC members, who are suitably qualified, have the opportunity to fly some of the gliders and thus keep alive the knowledge of how to operate historical aircraft of this kind. When not disrupted by the COVID 19 pandemic, members of the public are able to visit the centre on Sunday afternoons and at other times by arrangement. Flying days are held on the first Sunday of each month (subject to the weather) when visitors can see some of the vintage gliders flying. In order to make the GHC as accessible as possible to members of the public there is no charge for entry although most visitors make voluntary donations which are used for the running and development of the centre.
The running costs of the centre are covered by the membership fees and by the extra contributions from members who enjoy an incidental benefit by keeping their privately owned vintage gliders in a hangar.
## **4 ACHIEVEMENTS, PERFORMANCE AND PLANS**
In the previous year, 2020/21, the GHC had been closed to visitor due to the COVID pandemic. At the start of this period, in the spring of 2021, the number of COVID infections started to reduce as vaccines became available. Some of the government restrictions were lifted and members of the public were able to visit the GHC again. Regular tours were restarted on Sunday afternoons and continued throughout the summer and autumn. There were also prearranged visits by groups from various organisation. The new workshop building has a viewing room where visitors can hear talks and see the restoration work being carried out in the main working area. This proved to be a very popular facility. In the late autumn and winter of 2021, when the omicron variant of the virus appeared, the number of visitors dwindled again.
3
_A group of visitors hearing a talk in the viewing room. Large glass windows in the right hand wall of the room provide a view of the main working space._
One of the main activity for GHC members during the year was the consolidation of the workshop following its completion in January 2021. In addition to routine maintenance work on gliders a major project was starting to rebuild a 1943 Spalinger S21h glider and restore it to flying condition.
_Work underway on the wing of the Spalinger. The viewing room can be seen in the background. The small picture illustrates what the glider will look like when it is complete_ .
The new workshop also enabled restoration work to be accelerated on the Clarke Chanute biplane which is on loan from the Royal Aero Club Trust. This was built in 1910 and is believed to be the oldest surviving British glider.
4
_A wing of the Clarke Chanute biplane glider being recovered._
During 2021/22 five extra gliders were donated to the centre. They are illustrated below. This brings the total number of gliders owned by the centre to 42 and includes the largest collection of vintage British gliders in the world.
- _**Dart 17** built in 1966._
- _**Slingsby Sky** built in 1951_
- _**SZD Bocian** built in 1961._
- **SZD Pirat 30** built in 1969.
5
- **Bolkow Pheobus 17** built in
- 1969, This was one of the first glass fibre gliders to be operated in the UK
It is planned that the next step in the development of the GHC will be to extend the second hangar. The collection is still expanding and we need more space to store gliders including those awaiting restoration. A design study for the extension was completed this year but the work will only be started when sufficient funding is available. In the present economic climate the trustees are taking a cautious approach to ensure that the reserves are sufficient to cover unexpected events. The longer term vision for the GHC is to add a new building with an archive for historic documents and a museum for displays and presentations.
The GHC is in a fortunate financial position. There are no paid employees, the lease is rentfree and all the maintenance work is carried out by unpaid volunteers. The running costs are covered by membership fees and other contributions from members. During 2021/22 the number of members continued to increase despite the pandemic. These are difficult times but the GHC is not in immediate financial danger.
## **By order of the trustees**
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
6
## **5 FINANCIAL REVIEW OF THE GLIDING HERITAGE CENTRE FOR 2021/22**
## **5.1 Funds**
The GHC has two funds:
## _**a. The Unrestricted Fund**_
This is a general unrestricted fund that covers the running costs of the centre. It is used to pay for the following items:
- Insurance cover for the GHC gliders, the buildings, directors' protection and public liability
- Materials used for the routine maintenance of the gliders and the site. (The majority of the work is carried out by members.)
- The facility fees that are payable to the Lasham Gliding Society for airworthy gliders operated at Lasham .
- Fees payable to the British Gliding Association and the Civil Aviation Authority.
- General administrative costs
- The cost of electricity, water, gas for heating and fuel for the ground vehicles.
- Business rates (if these are payable)
The income for the fund comes from the following sources:
- Membership fees which are paid as regular donations to the charity
- Other occasional donations that are made to support this fund
- Donations from members who enjoy the incidental benefit of flying the GHC gliders or keeping their gliders in the hangar so that they can be displayed to visitors.
During 2021/22 the net income for the fund was £16703.
## _**b. The Restricted Fund** ._
The restricted fund is used primarily to develop the GHC facilities and extend the collection of vintage gliders. During this year the main source of income was donations from members, visitors and supporters. There were also donations in kind in the form of 5 vintage gliders. (See note 5). The largest expenditure was on the restoration of vintage gliders.
## **5.2 Reserves and Risk Policy**
The running costs of the GHC are relatively low. There are no paid employees, the lease is rent-free and the majority of the work is carried out by volunteer members. The running
7
costs are paid from the unrestricted fund and they are covered by the membership fees and the other contribution from members. The policy of the trustees is to maintain the unrestricted fund at greater than £10,000 to allow for unplanned items. This ensures that the financial risks to the charity are relatively low.
## **5. 3 Independent Examination of Accounts**
The income and assets of the GHC mean that it is a small company below the threshold and so the accounts are not subject to a statutory audit. The accounts have been independently examined as required by the Charity Commission regulations.
## **5.4. Accounting Standard**
The accounts follow the recommendations in the Statement of Recommended Practice (SORP) FRS 102 effective from January 2019.
8
## **5.5 Statement of Financial Activities**
|**Note**
**Ref**||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total Funds**|**Prior Year**
**Total Funds**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
||**Income and Endowments From:**|||||
|1,2|Donations and Legacies|27310|16085|43395|27703|
||Total|27310|16085|43395|27703|
|||||||
||**Expenditure On:**|||||
|3|Charitable Activities|-10607|-29886|-40493|-20001|
||Total|-10607|-29886|-40493|-20001|
|||||||
||**Net Income/expenditure**|16703|-13801|2902|7702|
|||||||
||**Transfer Between Funds**|0|0|0|0|
|||||||
||**Other Recognised Gains/Losses**|||||
||Gains on Revaluation of Fixed
Assets for Charity's Own Use|0|0|0|0|
|||||||
||**Net Movement in Funds**|16703|-13801|2902|7702|
|||||||
||**Reconciliation of Funds**|||||
||Total Funds Brought Forward|42917|516875|559792|552091|
||Total Funds Carried Forward|59620|503074|562694|559792|
9
## **5.6 Balance Sheet**
|**Note**
**Ref**||**Total Funds**|**Prior Year**
**Total Funds**|
|---|---|---|---|
|||**£**|**£**|
||**Fixed Assets**|||
|4|Tangible Assets|352059|372863|
|5|Heritage Assets|93530|80530|
||**Total Fixed Assets**|445589|453393|
|||||
||**Current Assets**|||
||Cash in Bank and in Hand|116343|106899|
||Debtors|886||
||**Total Current Assets**|117229|106899|
|||||
||**Liabilities**|||
||Creditors:Amounts fallingdue within oneyear|124|500|
|||||
||**Net Current Assets or Liabilities**|117105|106399|
||**Total Assets Less Current Liablities**|562694|559792|
||**Net Assets or Liabiities Excluding Pension**
**Assets or Liabilities**|
562694|559792|
||**Total Net Assets or Liabilities**|562694|559792|
|||||
||**The Funds of the Charity**|||
||Restricted Income Funds|503074|516875|
||Unrestricted Funds|59620|42917|
||**Total Unrestricted Funds**|59620|42917|
||**Total Charity Funds**|562694|559792|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors’ responsibilities:
- the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
- the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
- these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
- The financial report was accepted by the membership at the annual general meeting held on 11th September2022.
The notes on pages 11 to 14 form part of the financial statement.
Signature Date
Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
10
## **5.7 Notes**
## _**Note 1**_
The charity is run by volunteers who:
- Restore and maintain the gliders
- Maintain and develop the buildings and the grounds
- Act as guides for visitors
- Carry out all the management and administrative tasks.
The financial value of these contributions is not included these accounts.
## _**Note 2**_
||**Unrestricted**
**Funds**|
**Restricted**
**Funds**|**Total**
**Funds**|
|---|---|---|---|
|**Donations and Legacies**|**£**|**£**|**£**|
|||||
|MembershipSubscriptions|14372||14372|
|Donations Towards General RunningCosts|12938||12938|
|Donations to Establish the Centre||1585|1585|
|Donations in Kind(Gliders)||14500|14500|
|Donations in Kind(Other)|||0|
|**Total**|**27310**|**16085**|**43395**|
## _**Note 3**_
||**Unrestricted**
**Funds**|
**Restricted**
**Funds**|**Total**
**Funds**|
|---|---|---|---|
|**Charitable Activities**|**£**|**£**|**£**|
|||||
|Insurance|3699||3699|
|Glider Maintenance|1540||1540|
|Fees to LGS,BGA and CAA|1972||1972|
|Glider Restoration||3595|3595|
|Equipment|435||435|
|Admin and Marketing|1624|252|1876|
|Buildingand Site Maintenance|124|2168|2292|
|Goverance||26||
|Electicity,Gas and Diesel|1213|||
|Loss on Sale of Gliders(See note 5)||1140||
|Depreciation of Tangible Assets||22705|22705|
|**Total**|**10607**|**29886**|**40493**|
11
## _**Note 4**_
The major tangible assets are the two hangars and the new workshop. The policy is to depreciate the value of the buildings linearly over the 25 year period of the current lease which ends in 2038. Some lower value tangible assets are depreciated linearly over their estimated remaining lives.
||**Hangars**|||
|---|---|---|---|
||At beginingofyear|217950||
||Additions|494||
||At End of Year|218444||
||Depreciation|12944||
||Net book value at end|205500||
|||||
||**Other Tangible Assets (Inc Office**
**Equipment**|||
||At beginingofyear|4098||
||Additions|1407||
||At end of Year|5505||
||Depreciation|889||
||Net book value at end|4616||
|||||
||**Workshop**|||
||At beginingofyear|150815||
||Additions|0||
||At End of Year|150815||
||Depreciation|8872||
||Net book value at end|141943||
|**Cost or valuation of all Tangible Assets**||||
|At the beginningof theyear|||372863|
|Additions|||1901|
|At the end of theyear|||374764|
|||||
|**Depreciation and impairment**||||
|Depreciation|||22705|
|At the end of theyear|||22705|
|||||
|Net book value at the beginningof theyear|||372863|
|Net book value at the end of theyear|||352059|
12
## _**Note 5**_
The current heritage assets shown in the report consist of the vintage gliders which have been donated to the GHC together with their trailers and other equipment. The collection of gliders is listed in the table together their values. It shows how the collection has grown since the GHC was formed in 2012.
The value of vintage gliders is difficult to estimate as the potential market is small and they only change hands infrequently. The figures in the table have been based on recent sales of similar gliders. It is expected that the values the GHC gliders will be static or will possibly increase over time. If appropriate they are re-valued following restoration.
Two gliders were disposed of in 2021/22 to provide extra space for the storage of more important items. Both the gliders had extensive damage and it became clear that the initial valuations were unrealistically high is the current economic climate. They were sold to new British owners who agreed to rebuild and keep them at their own cost so that their heritage value would not be lost to the nation.
The GHC also has an archive of documents, plans and artefacts related to gliding. Although these items are important from a historical point of view they have little or no market value and so the archive is not included in the financial report at present.
13
|**Glider Type**|**2012/13 **|**2013/14 **|**2014/15 **|**2015/16 **|**2016/17 **|**2017/18 **|**2018/19 **|**2019/20 **|**2020/21**|**Added**
**2021/22**|**Value**
**2021/22**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Abbott-Baynes Scud 2||||||5000|5000|5000|5000||5000|
|Abbott-Baynes Scud 3|5000|5000|5000|5000|5000|5000|5000|5000|5000||5000|
|Bolkow Phoebus 17||||||||||2500|2500|
|Colditz Cock|||450|450|450|450|450|450|450||450|
|Eon Baby|||500|500|500|500|500|500|500||500|
|Eon Eton|||||250|250|250|250|250||250|
|EoN Olympia 2b|||1250|1250|1250|1250|1250|1250|1250||1250|
|EoN Olympia 460|||||||||2500||2500|
|EoN Olympia 463||2250|2250|2250|2250|2250|2250|2250|2250||2250|
|Grunau Baby|||||750|750|750|750|750||750|
|Jacobs Schweyer Weihe|500|500|500|500|500|500|500|500|500||500|
|JSH Scorpion||||||500|500|500|500||500|
|Kaiser Ka3|||||750|750|750|750|750||750|
|Leister-Kaufmann TG4||||||||2000|2000||2000|
|Lo 100||||400|400|400|400|400|400||400|
|Manuel Crested Wren|||500|500|500|500|500|500|500||500|
|Manuel Hawk||500|500|500|500|500|500|500|500||500|
|Oberlerchner Steinadler MG19|7500|7500|7500|7500|7500|7500|7500|7500|7500||7500|
|PZL Pirat||||||||||2000|2000|
|Scheibe Bergfalke 55-11||||||||3500|3500||3500|
|Scheibe Flugzeubau Mu13-d|3000|3000|3000|3000|3000|3000|3000|3000|3000||3000|
|Scheibe Zugvogel 3b|||||||2500|2500|2500||2500|
|Scheibe Zugvogel 3b||||||||3000|3000||3000|
|Schleicher K8b||||500|500|500|500|500|500|-500|0|
|Scott Viking||||5830|5830|5830|5830|5830|5830||5830|
|SlingsbyDart||||||||3000|3000||3000|
|SlingsbyDart 17r||||||||||3000|3000|
|SlingsbyGrasshopper|||1000|1000|1000|1000|1000|1000|1000|-1000|0|
|SlingsbyGrasshopper||||||||1000|1000||1000|
|SlingsbyPrefect|||3000|3000|3000|3000|3000|3000|3000||3000|
|SlingsbyPrefect|||||||3500|3500|3500||3500|
|SlingsbySky||||||||||4500|4500|
|SlingsbySkylark 2|||||||||2500||2500|
|SlingsbySkylark 3b||1750|1750|1750|1750|1750|1750|1750|1750||1750|
|SlingsbySkylark 3f||||1000|1000|1000|1000|1000|1000||1000|
|SlingsbySwallow|1250|1800|1800|1800|1800|1800|1800|1800|1800||1800|
|SlingsbyTutor||||||||1500|1500||1500|
|Spalinger S21H||||||1500|1500|1500|1500||1500|
|SZD Bocian||||||||||2500|2500|
|SZD Foka 4||2750|2750|4050|4050|4050|4050|4050|4050||4050|
|Yorkshire Sailplanes YS53|||||3000|3000|3000|3000|3000||3000|
|Zlin Z24|||3000|3000|3000|3000|3000|3000|3000||3000|
|Total value|17250|25050|34750|43780|48530|55530|61530|75530|80530|13000|93530|
A summary analysis of heritage asset transactions is given in the table below. There have been no direct purchases, and no charges for impairment or disposals since the charity was formed in 2012. All transactions are included in the balance sheet.
||**2012/13 **|**2013/14 **|**2014/15 **|**2015/16 **|**2016/17 **|**2017/18 **|**2018/19 **|**2019/20**|**2020/21**|**2021/22**|
|---|---|---|---|---|---|---|---|---|---|---|
|Acquisitions|17250|7250|9700|7730|4750|7000|6000|14000|5000|14500|
|Revaluations||550||1300|||||||
|Disposals||||||||||-1500|
|Total Change in Year|17250|7800|9700|9030|4750|7000|6000|14000|5000|13000|
|Cumulative Value|17250|25050|34750|43780|48530|55530|61530|75530|80530|93530|
|Proceeds from Disposals||||||||||360|
14
**Charity Number -** 1148972 **Company Number-** 7992376
# **ANNUAL REPORT OF THE TRUSTEES OF THE GLIDING HERITAGE CENTRE FOR 2021/22**
## **1 REFERENCE AND ADMINISTRATIVE INFORMATION**
This is the report of the trustees of the Gliding Heritage Centre (GHC) covering the period from 1 April 2021 to 31 March 2022. The reference and administration information is given below.
**Name -** The Gliding Heritage Centre **Charity Registration Number -** 1148972 **Company Registration Number-** 7992376 **Principal Office-** C/O Lasham Gliding Society Lasham Aerodrome Alton, Hampshire GU34 5SS
**The Charity’s Trustees-** Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer Mr M Wills Membership Secretary Mr G Pullen Aircraft and Hangar Manager
1
## **2 STRUCTURE, GOVERNANCE AND MANAGEMENT**
The GHC is a private company limited by guarantee. There are no share holders and any profit cannot be distributed to members. The governing documents are the company’s Memorandum and Articles of Association. The directors of the company also act as the trustees of the charity and they form the Management Committee of the GHC. New directors/trustees can be appointed in two ways:
- a. _By ordinary resolution at a general meeting_ . One third of the directors must retire in rotation each year and can offer themselves for re-election. New directors can be proposed for election by any member of the company.
- b. _By a resolution of the current directors_ . New directors appointed in this way must retire at the next annual general meeting.
The charity has only one class of member. Membership is open to all with no restrictions. The primary benefits of membership are being able to participate in the activities of the GHC and support its objectives. There are no employees and all the tasks involved in running and developing the centre are carried out by unpaid volunteer members.
## **3 OBJECTIVE AND ACTIVITIES**
The object of the GHC as stated in the Articles of Association is:
_“To advance the education of the public in the history of gliding, in particular but not exclusively, by the provision of a heritage centre and the preservation of historical gliders, artefacts and records which can be displayed.”_
In more detail, the key aims are:
- To educate the general public, and in particular young people, about gliding and its history.
- To raise the awareness and improve the understanding of gliding as a sport and to attract new people so that they can benefit from participating.
- To preserve vintage gliders, historical gliding artefacts, knowledge and skills that would otherwise be lost to the nation.
- To establish an archive of important documents, records and plans, and to make these available in an easily accessible form.
Although they are not primary aims the GHC also:
- Provides support and advice to other people who own, operate and restore vintage gliders. This helps to preserve the heritage.
- Forms an educational and recreational facility for aviation enthusiasts.
- Provides a focus for the vintage gliding movement in the UK.
2
The trustees of the GHC pay due regard to the Charity Commission's public benefit guidance when exercising their powers and duties to which the guidance is relevant. The charity complies with the Fundraising Regulator's voluntary regulation scheme. No professional fund-raisers or commercial organisations are involved. Visitors to the centre and to the internet site are invited to make donations but there is no obligation or pressure to do so.
The GHC is located on Lasham Airfield. The airfield is owned by the Lasham Gliding Society (LGS) which granted a 25 year rent-free lease running from February 2013. Many of the members of the GHC are also members of the LGS but this is not mandatory. At the end of this reporting year the membership was 276. At present, the main facilities of the GHC consists of two hangars and a workshop where vintage gliders and other displays can be seen by visitors. The original hangar was completed in August 2013 and a second hangar was opened in the summer of 2018. The workshop was completed in January 2021.
The GHC is a working heritage centre where vintage gliders can be seen both on the ground and in the air. GHC members, who are suitably qualified, have the opportunity to fly some of the gliders and thus keep alive the knowledge of how to operate historical aircraft of this kind. When not disrupted by the COVID 19 pandemic, members of the public are able to visit the centre on Sunday afternoons and at other times by arrangement. Flying days are held on the first Sunday of each month (subject to the weather) when visitors can see some of the vintage gliders flying. In order to make the GHC as accessible as possible to members of the public there is no charge for entry although most visitors make voluntary donations which are used for the running and development of the centre.
The running costs of the centre are covered by the membership fees and by the extra contributions from members who enjoy an incidental benefit by keeping their privately owned vintage gliders in a hangar.
## **4 ACHIEVEMENTS, PERFORMANCE AND PLANS**
In the previous year, 2020/21, the GHC had been closed to visitor due to the COVID pandemic. At the start of this period, in the spring of 2021, the number of COVID infections started to reduce as vaccines became available. Some of the government restrictions were lifted and members of the public were able to visit the GHC again. Regular tours were restarted on Sunday afternoons and continued throughout the summer and autumn. There were also prearranged visits by groups from various organisation. The new workshop building has a viewing room where visitors can hear talks and see the restoration work being carried out in the main working area. This proved to be a very popular facility. In the late autumn and winter of 2021, when the omicron variant of the virus appeared, the number of visitors dwindled again.
3
_A group of visitors hearing a talk in the viewing room. Large glass windows in the right hand wall of the room provide a view of the main working space._
One of the main activity for GHC members during the year was the consolidation of the workshop following its completion in January 2021. In addition to routine maintenance work on gliders a major project was starting to rebuild a 1943 Spalinger S21h glider and restore it to flying condition.
_Work underway on the wing of the Spalinger. The viewing room can be seen in the background. The small picture illustrates what the glider will look like when it is complete_ .
The new workshop also enabled restoration work to be accelerated on the Clarke Chanute biplane which is on loan from the Royal Aero Club Trust. This was built in 1910 and is believed to be the oldest surviving British glider.
4
_A wing of the Clarke Chanute biplane glider being recovered._
During 2021/22 five extra gliders were donated to the centre. They are illustrated below. This brings the total number of gliders owned by the centre to 42 and includes the largest collection of vintage British gliders in the world.
- _**Dart 17** built in 1966._
- _**Slingsby Sky** built in 1951_
- _**SZD Bocian** built in 1961._
- **SZD Pirat 30** built in 1969.
5
- **Bolkow Pheobus 17** built in
- 1969, This was one of the first glass fibre gliders to be operated in the UK
It is planned that the next step in the development of the GHC will be to extend the second hangar. The collection is still expanding and we need more space to store gliders including those awaiting restoration. A design study for the extension was completed this year but the work will only be started when sufficient funding is available. In the present economic climate the trustees are taking a cautious approach to ensure that the reserves are sufficient to cover unexpected events. The longer term vision for the GHC is to add a new building with an archive for historic documents and a museum for displays and presentations.
The GHC is in a fortunate financial position. There are no paid employees, the lease is rentfree and all the maintenance work is carried out by unpaid volunteers. The running costs are covered by membership fees and other contributions from members. During 2021/22 the number of members continued to increase despite the pandemic. These are difficult times but the GHC is not in immediate financial danger.
## **By order of the trustees**
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
6
## **5 FINANCIAL REVIEW OF THE GLIDING HERITAGE CENTRE FOR 2021/22**
## **5.1 Funds**
The GHC has two funds:
## _**a. The Unrestricted Fund**_
This is a general unrestricted fund that covers the running costs of the centre. It is used to pay for the following items:
- Insurance cover for the GHC gliders, the buildings, directors' protection and public liability
- Materials used for the routine maintenance of the gliders and the site. (The majority of the work is carried out by members.)
- The facility fees that are payable to the Lasham Gliding Society for airworthy gliders operated at Lasham .
- Fees payable to the British Gliding Association and the Civil Aviation Authority.
- General administrative costs
- The cost of electricity, water, gas for heating and fuel for the ground vehicles.
- Business rates (if these are payable)
The income for the fund comes from the following sources:
- Membership fees which are paid as regular donations to the charity
- Other occasional donations that are made to support this fund
- Donations from members who enjoy the incidental benefit of flying the GHC gliders or keeping their gliders in the hangar so that they can be displayed to visitors.
During 2021/22 the net income for the fund was £16703.
## _**b. The Restricted Fund** ._
The restricted fund is used primarily to develop the GHC facilities and extend the collection of vintage gliders. During this year the main source of income was donations from members, visitors and supporters. There were also donations in kind in the form of 5 vintage gliders. (See note 5). The largest expenditure was on the restoration of vintage gliders.
## **5.2 Reserves and Risk Policy**
The running costs of the GHC are relatively low. There are no paid employees, the lease is rent-free and the majority of the work is carried out by volunteer members. The running
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costs are paid from the unrestricted fund and they are covered by the membership fees and the other contribution from members. The policy of the trustees is to maintain the unrestricted fund at greater than £10,000 to allow for unplanned items. This ensures that the financial risks to the charity are relatively low.
## **5. 3 Independent Examination of Accounts**
The income and assets of the GHC mean that it is a small company below the threshold and so the accounts are not subject to a statutory audit. The accounts have been independently examined as required by the Charity Commission regulations.
## **5.4. Accounting Standard**
The accounts follow the recommendations in the Statement of Recommended Practice (SORP) FRS 102 effective from January 2019.
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## **5.5 Statement of Financial Activities**
|**Note**
**Ref**||**Unrestricted**
**Funds**|**Restricted**
**Funds**|**Total Funds**|**Prior Year**
**Total Funds**|
|---|---|---|---|---|---|
|||**£**|**£**|**£**|**£**|
||**Income and Endowments From:**|||||
|1,2|Donations and Legacies|27310|16085|43395|27703|
||Total|27310|16085|43395|27703|
|||||||
||**Expenditure On:**|||||
|3|Charitable Activities|-10607|-29886|-40493|-20001|
||Total|-10607|-29886|-40493|-20001|
|||||||
||**Net Income/expenditure**|16703|-13801|2902|7702|
|||||||
||**Transfer Between Funds**|0|0|0|0|
|||||||
||**Other Recognised Gains/Losses**|||||
||Gains on Revaluation of Fixed
Assets for Charity's Own Use|0|0|0|0|
|||||||
||**Net Movement in Funds**|16703|-13801|2902|7702|
|||||||
||**Reconciliation of Funds**|||||
||Total Funds Brought Forward|42917|516875|559792|552091|
||Total Funds Carried Forward|59620|503074|562694|559792|
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## **5.6 Balance Sheet**
|**Note**
**Ref**||**Total Funds**|**Prior Year**
**Total Funds**|
|---|---|---|---|
|||**£**|**£**|
||**Fixed Assets**|||
|4|Tangible Assets|352059|372863|
|5|Heritage Assets|93530|80530|
||**Total Fixed Assets**|445589|453393|
|||||
||**Current Assets**|||
||Cash in Bank and in Hand|116343|106899|
||Debtors|886||
||**Total Current Assets**|117229|106899|
|||||
||**Liabilities**|||
||Creditors:Amounts fallingdue within oneyear|124|500|
|||||
||**Net Current Assets or Liabilities**|117105|106399|
||**Total Assets Less Current Liablities**|562694|559792|
||**Net Assets or Liabiities Excluding Pension**
**Assets or Liabilities**|
562694|559792|
||**Total Net Assets or Liabilities**|562694|559792|
|||||
||**The Funds of the Charity**|||
||Restricted Income Funds|503074|516875|
||Unrestricted Funds|59620|42917|
||**Total Unrestricted Funds**|59620|42917|
||**Total Charity Funds**|562694|559792|
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
## Directors’ responsibilities:
- the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476
- the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
- these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
- The financial report was accepted by the membership at the annual general meeting held on 11th September2022.
The notes on pages 11 to 14 form part of the financial statement.
Signature Date
Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
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## **5.7 Notes**
## _**Note 1**_
The charity is run by volunteers who:
- Restore and maintain the gliders
- Maintain and develop the buildings and the grounds
- Act as guides for visitors
- Carry out all the management and administrative tasks.
The financial value of these contributions is not included these accounts.
## _**Note 2**_
||**Unrestricted**
**Funds**|
**Restricted**
**Funds**|**Total**
**Funds**|
|---|---|---|---|
|**Donations and Legacies**|**£**|**£**|**£**|
|||||
|MembershipSubscriptions|14372||14372|
|Donations Towards General RunningCosts|12938||12938|
|Donations to Establish the Centre||1585|1585|
|Donations in Kind(Gliders)||14500|14500|
|Donations in Kind(Other)|||0|
|**Total**|**27310**|**16085**|**43395**|
## _**Note 3**_
||**Unrestricted**
**Funds**|
**Restricted**
**Funds**|**Total**
**Funds**|
|---|---|---|---|
|**Charitable Activities**|**£**|**£**|**£**|
|||||
|Insurance|3699||3699|
|Glider Maintenance|1540||1540|
|Fees to LGS,BGA and CAA|1972||1972|
|Glider Restoration||3595|3595|
|Equipment|435||435|
|Admin and Marketing|1624|252|1876|
|Buildingand Site Maintenance|124|2168|2292|
|Goverance||26||
|Electicity,Gas and Diesel|1213|||
|Loss on Sale of Gliders(See note 5)||1140||
|Depreciation of Tangible Assets||22705|22705|
|**Total**|**10607**|**29886**|**40493**|
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## _**Note 4**_
The major tangible assets are the two hangars and the new workshop. The policy is to depreciate the value of the buildings linearly over the 25 year period of the current lease which ends in 2038. Some lower value tangible assets are depreciated linearly over their estimated remaining lives.
||**Hangars**|||
|---|---|---|---|
||At beginingofyear|217950||
||Additions|494||
||At End of Year|218444||
||Depreciation|12944||
||Net book value at end|205500||
|||||
||**Other Tangible Assets (Inc Office**
**Equipment**|||
||At beginingofyear|4098||
||Additions|1407||
||At end of Year|5505||
||Depreciation|889||
||Net book value at end|4616||
|||||
||**Workshop**|||
||At beginingofyear|150815||
||Additions|0||
||At End of Year|150815||
||Depreciation|8872||
||Net book value at end|141943||
|**Cost or valuation of all Tangible Assets**||||
|At the beginningof theyear|||372863|
|Additions|||1901|
|At the end of theyear|||374764|
|||||
|**Depreciation and impairment**||||
|Depreciation|||22705|
|At the end of theyear|||22705|
|||||
|Net book value at the beginningof theyear|||372863|
|Net book value at the end of theyear|||352059|
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## _**Note 5**_
The current heritage assets shown in the report consist of the vintage gliders which have been donated to the GHC together with their trailers and other equipment. The collection of gliders is listed in the table together their values. It shows how the collection has grown since the GHC was formed in 2012.
The value of vintage gliders is difficult to estimate as the potential market is small and they only change hands infrequently. The figures in the table have been based on recent sales of similar gliders. It is expected that the values the GHC gliders will be static or will possibly increase over time. If appropriate they are re-valued following restoration.
Two gliders were disposed of in 2021/22 to provide extra space for the storage of more important items. Both the gliders had extensive damage and it became clear that the initial valuations were unrealistically high is the current economic climate. They were sold to new British owners who agreed to rebuild and keep them at their own cost so that their heritage value would not be lost to the nation.
The GHC also has an archive of documents, plans and artefacts related to gliding. Although these items are important from a historical point of view they have little or no market value and so the archive is not included in the financial report at present.
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|**Glider Type**|**2012/13 **|**2013/14 **|**2014/15 **|**2015/16 **|**2016/17 **|**2017/18 **|**2018/19 **|**2019/20 **|**2020/21**|**Added**
**2021/22**|**Value**
**2021/22**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Abbott-Baynes Scud 2||||||5000|5000|5000|5000||5000|
|Abbott-Baynes Scud 3|5000|5000|5000|5000|5000|5000|5000|5000|5000||5000|
|Bolkow Phoebus 17||||||||||2500|2500|
|Colditz Cock|||450|450|450|450|450|450|450||450|
|Eon Baby|||500|500|500|500|500|500|500||500|
|Eon Eton|||||250|250|250|250|250||250|
|EoN Olympia 2b|||1250|1250|1250|1250|1250|1250|1250||1250|
|EoN Olympia 460|||||||||2500||2500|
|EoN Olympia 463||2250|2250|2250|2250|2250|2250|2250|2250||2250|
|Grunau Baby|||||750|750|750|750|750||750|
|Jacobs Schweyer Weihe|500|500|500|500|500|500|500|500|500||500|
|JSH Scorpion||||||500|500|500|500||500|
|Kaiser Ka3|||||750|750|750|750|750||750|
|Leister-Kaufmann TG4||||||||2000|2000||2000|
|Lo 100||||400|400|400|400|400|400||400|
|Manuel Crested Wren|||500|500|500|500|500|500|500||500|
|Manuel Hawk||500|500|500|500|500|500|500|500||500|
|Oberlerchner Steinadler MG19|7500|7500|7500|7500|7500|7500|7500|7500|7500||7500|
|PZL Pirat||||||||||2000|2000|
|Scheibe Bergfalke 55-11||||||||3500|3500||3500|
|Scheibe Flugzeubau Mu13-d|3000|3000|3000|3000|3000|3000|3000|3000|3000||3000|
|Scheibe Zugvogel 3b|||||||2500|2500|2500||2500|
|Scheibe Zugvogel 3b||||||||3000|3000||3000|
|Schleicher K8b||||500|500|500|500|500|500|-500|0|
|Scott Viking||||5830|5830|5830|5830|5830|5830||5830|
|SlingsbyDart||||||||3000|3000||3000|
|SlingsbyDart 17r||||||||||3000|3000|
|SlingsbyGrasshopper|||1000|1000|1000|1000|1000|1000|1000|-1000|0|
|SlingsbyGrasshopper||||||||1000|1000||1000|
|SlingsbyPrefect|||3000|3000|3000|3000|3000|3000|3000||3000|
|SlingsbyPrefect|||||||3500|3500|3500||3500|
|SlingsbySky||||||||||4500|4500|
|SlingsbySkylark 2|||||||||2500||2500|
|SlingsbySkylark 3b||1750|1750|1750|1750|1750|1750|1750|1750||1750|
|SlingsbySkylark 3f||||1000|1000|1000|1000|1000|1000||1000|
|SlingsbySwallow|1250|1800|1800|1800|1800|1800|1800|1800|1800||1800|
|SlingsbyTutor||||||||1500|1500||1500|
|Spalinger S21H||||||1500|1500|1500|1500||1500|
|SZD Bocian||||||||||2500|2500|
|SZD Foka 4||2750|2750|4050|4050|4050|4050|4050|4050||4050|
|Yorkshire Sailplanes YS53|||||3000|3000|3000|3000|3000||3000|
|Zlin Z24|||3000|3000|3000|3000|3000|3000|3000||3000|
|Total value|17250|25050|34750|43780|48530|55530|61530|75530|80530|13000|93530|
A summary analysis of heritage asset transactions is given in the table below. There have been no direct purchases, and no charges for impairment or disposals since the charity was formed in 2012. All transactions are included in the balance sheet.
||**2012/13 **|**2013/14 **|**2014/15 **|**2015/16 **|**2016/17 **|**2017/18 **|**2018/19 **|**2019/20**|**2020/21**|**2021/22**|
|---|---|---|---|---|---|---|---|---|---|---|
|Acquisitions|17250|7250|9700|7730|4750|7000|6000|14000|5000|14500|
|Revaluations||550||1300|||||||
|Disposals||||||||||-1500|
|Total Change in Year|17250|7800|9700|9030|4750|7000|6000|14000|5000|13000|
|Cumulative Value|17250|25050|34750|43780|48530|55530|61530|75530|80530|93530|
|Proceeds from Disposals||||||||||360|
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Independent Examinerfs Report
To the Trustees of:
The Gliding Heritage Centre
My report covers the accounts ofthe company for the year ended 31 March 2022, which are
set out in section 5 of the annual report of the trustees of The Gliding HeritaEe Centre.
Respective Responsibilities of Trustees and Examiner
The trustees (who are also the directors of the company for the purposes of company lawl,
are responsible for the preparation of the accounts. The trustees consider that an audit is not
required for the this year under section 144121 of the Charities Act 2011 (the 2011 Act) and
that an independent examination is acceptable as the charity's gross income does not exceed
£250,000.
The company is also exempt from an audit under section 477 of the Companie5 Act 2006
relating to small companies. The examiner'5 responsibilities are therefore to:
l. Examine the accounts under section 145 of the 2011 Art-
2. To follow the procedures laid down in the general directions given by the Charitv
Commission under sertion 1451511bl of the 2011 Act; and
3. To state whether particular matters have come to my attention.
Basis of Independent Examinerfs Report
My examination was carried out in accordance with the General Directions given by the
Charity Commission. An examination include5 a review of the accounting records kept by the
charity and a comparison of the accounts presented with those records. It also includes
consideration of any unusual items or disclosure5 in the accounts, and seeking explanations
from you as trustees concerning any such matters. The procedures undertaken do not provide
all the evidence that would be required in an audit and consequently no opinion is given as
to whether the accounts present a "true and fair view" and the report is limited to those
matters set out in the statement below.
Independent Examinerfs Statement
In connection with my examination. no matter has come to my attention..
l. Which gives me reasonable cause to believe that in any material aspect the
requirements..
a. To keep accounting records in accordance with section 386 of the Companies Act
2006: and
b. To prepare accounts which accord with the accounting records, comply with the
accounting requirement of section 396 of the Companies Act 2006 and with the
methods and principles of the Statement of Recommended Practice.. Accounting
and Reporting by Charities.
Have not been met. or
2. To whlch in my opinion, attention should be drawn in order to enable proper
understanding of the accounts to be reached.
Signed..
Name:
Date:
Address:
Susan Brooke
22 August 2022
l Maplehur5t Chase
Hatch Warren
Basingstoke
Hants
RG22 4XQ
FMAAT IFull Mernber A550ciation of Accounting Technicians)
Number: 0241673
Professional Qualification=