Charity Number - 1148972 Company Number- 7992376
ANNUAL REPORT OF THE TRUSTEES OF THE GLIDING HERITAGE CENTRE FOR 2023/23
1 REFERENCE AND ADMINISTRATIVE INFORMATION
This is the report of the trustees of the Gliding Heritage Centre (GHC) covering the period from 1 April 2022 to 31 March 2023. 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 G Garnett * Membership Secretary Mr G Pullen Aircraft and Hangar Manager
* Mr M Wills was a trustee for the first part of this reporting period. He retired at the annual general meeting in September 2022 and was replaced by Mr G Garnett
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 numbered 299. 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 buildings can be seen in the aerial photograph below.
----- Start of picture text -----
Second Hangar 2018 Workshop 2021 First Hangar 2013
----- End of picture text -----
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. 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.
3
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 or using the workshop.
4 ACHIEVEMENTS, PERFORMANCE AND PLANS
As the concerns about the omicron variant of COVID died down in the spring of 2022 the GHC was able to resume normal activities and welcome a wide range of visitors. For many of these people it was their first introduction to gliding.
Local members of the University of the Third Age (u3a). One of many groups that visited the GHC in 2022/23
One of the primary aims of the centre is to reach out to young people. To this end, the GHC collaborated with a company that organises training for potential aeronautical engineering students. A total of 450 students visited in the summer of 2022. They were given tours of the glider collection, they learnt about the history of gliding and they took part in practical demonstrations of glider maintenance.
The new workshop enabled us to complete several major restoration projects. Work on a rare Swiss glider, a 1943 Spalinger S21h, was finished in the autumn of 2022. The project was complicate by the fact that much of the documentation for the glider had been lost. It is hoped that the next stage will be to complete the certification process so that it can flown.
4
Work underway on the Spalinger S21h showing the intricate wooden structure of the wings, much of which needed to be repaired.
The completed Spalinger S21h
The restoration of the Clarke Chanute biplane was also completed. It was built in 1910 and is believed to be the oldest surviving British glider. It is on loan from the Royal Aero Club Trust. Although it cannot be flown, it was restored using materials and construction techniques that were as close as possible to those available in 1910. The majority of the restoration was carried by a GHC member, David Siddall, who was presented with a Royal Aero Club bronze medal for the authenticity and quality of his work.
5
The restored Clarke Chanute biplane now on display
A new addition to the GHC collection in 2022/23 was an American TG3a glider which was donation by the Imperial War Museum. It was used to train pilots of troop carrying gliders during World War II. At the end of this reporting period, in April 2023, restoration was almost complete and the glider is now undergoing a series of test flights so that can be given a British certificate of airworthiness. It will then be the only airworthy example of this type outside the USA.
.
TG3a used in WWII to train pilots of troop carrying glider
The workshop has been a great success for the GHC. It is a unique facility in this country and it is making a major contribution to the preservation of British gliding heritage. When it was being planned there was concern about whether the cost of heating and electricity would be an unaffordable drain the resources of the GHC. Now that it has been in operation for over a year it is clear that this worry was unfounded. When the full capacity is not being used for GHC projects, it is made available to the owners of private vintage gliders. This income has more than covered the total running costs.
As described in the report for 2021/22, it is planned that the next step in the development of the GHC will be to extend the second hangar. The collection of gliders is still expanding
6
and more storage space is needed. At present many gliders awaiting restoration are being stored in their old dilapidated trailers and are slowly deteriorating as a consequence. A design study for the extension was completed in 2021/22 and the centre now almost has enough funds to start work but the trustees are taking a cautious approach in these uncertain times.
The longer term vision for the centre is to add a new building with an archive and more space for displays and presentations. The GHC now has a large collection of photographs historic documents and artefacts that are housed in a temporary building. As a long term project it is hoped to establish a modern archive facility so that the information can be preserved and made available digitally to a wide audience.
By order of the trustees
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
7
5 FINANCIAL REVIEW OF THE GLIDING HERITAGE CENTRE FOR 2022/23
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 keeping their gliders in the hangar or using the workshop
During 2022/23 the net income for the fund was £15475.
b. The Restricted Fund .
The restricted fund is used primarily to develop the GHC facilities and extend the collection of vintage gliders. During 2022/23 the main source of income was donations from members, visitors and supporters. There was also a donation in kind in the form of a vintage glider (See note 5). The largest expenditure during the year was on the restoration of vintage gliders.
5.22 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
8
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.
5.33 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.
9
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 | 28282 | 6950 | 35232 | 43395 |
| Total | 28282 | 6950 | 35232 | 43395 | |
| Expenditure On: | |||||
| 3 | Charitable Activities | -12807 | -25738 | -38545 | -40493 |
| Total | -12807 | -25738 | -38545 | -40493 | |
| Net Income/expenditure | 15475 | -18788 | -3313 | 2902 | |
| 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 | 15475 | -18788 | -3313 | 2902 | |
| Reconciliation of Funds | |||||
| Total Funds Brought Forward | 59620 | 503074 | 562694 | 559792 | |
| Total Funds Carried Forward | 75095 | 484286 | 559381 | 562694 |
10
5.6 Balance Sheet
| Note Ref |
Total Funds | Prior Year Total Funds |
|
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | |||
| 4 | Tangible Assets | 329173 | 352059 |
| 5 | Heritage Assets | 97030 | 93530 |
| Total Fixed Assets | 426203 | 445589 | |
| Current Assets | |||
| Cash in Bank and in Hand | 132407 | 116343 | |
| Debtors | 1054 | 886 | |
| Total Current Assets | 133461 | 117229 | |
| Liabilities | |||
| Creditors:Amounts Falling Due Within One Year | 283 | 124 | |
| Net Current Assets or Liabilities | 133178 | 117105 | |
| Total Assets Less Current Liablities | 559381 | 562694 | |
| Net Assets or Liabiities Excluding Pension Assets or Liabilities |
559381 | 562694 | |
| Total Net Assets or Liabilities | 559381 | 562694 | |
| The Funds of the Charity | |||
| Restricted Income Funds | 484286 | 503074 | |
| Unrestricted Funds | 75095 | 59620 | |
| Total Unrestricted Funds | 75095 | 59620 | |
| Total Charity Funds | 559381 | 562694 |
For the year ending 31 March 2023 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 notes on pages 11 to 16 form part of the financial statement.
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
11
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 | 7206 | 7206 | |
| Donations Towards General RunningCosts | 21076 | 21076 | |
| Donations to Developthe Centre | 3450 | 3450 | |
| Donations in Kind(Gliders) | 3500 | 3500 | |
| Donations in Kind(Other) | 0 | ||
| Total | 28282 | 6950 | 35232 |
12
Note 3
| Unrestricted Funds |
Restricted Funds |
Total Funds |
|
|---|---|---|---|
| Charitable Activities | £ | £ | £ |
| Insurance | 3098 | 3098 | |
| Glider Maintenance | 1136 | 1136 | |
| Fees to LGS,BGA and CAA | 2746 | 2746 | |
| Glider Restoration | 2652 | 2652 | |
| Equipment | 195 | 195 | |
| Admin,Internet and Marketing | 2628 | 96 | 2724 |
| Buildingand Site Maintenance | 792 | 91 | 883 |
| Governance | 35 | 13 | |
| Electricity,Gas and Diesel | 2177 | ||
| Depreciation of Tangible Assets | 22886 | 22886 | |
| Total | 12807 | 25738 | 38545 |
13
Note 4
The major tangible assets are the two hangars and the 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 | 205500 | |
| Additions | 0 | |
| At End of Year | 205500 | |
| Depreciation | 12844 | |
| Net book value at end | 192656 | |
| Other Tangible Assets (Inc Office Equipment |
||
| At beginingofyear | 4616 | |
| Additions | 0 | |
| At end of Year | 4616 | |
| Depreciation | 1171 | |
| Net book value at end | 3445 | |
| Workshop | ||
| At beginingofyear | 141943 | |
| Additions | 0 | |
| At End of Year | 141943 | |
| Depreciation | 8871 | |
| Net book value at end | 133072 | |
| Cost or valuation of all Tangible Assets | ||
| At the beginningof theyear | 352059 | |
| Additions | 0 | |
| At the end of theyear | 352059 | |
| Depreciation and impairment | ||
| Depreciation | 22886 | |
| At the end of theyear | 22886 | |
| Net book value at the beginningof theyear | 352059 | |
| Net book value at the end of theyear | 329173 |
14
Note 5
The current heritage assets shown in the report consist of the 43 vintage gliders which have been donated to the GHC together with their trailers and other equipment. One glider, a Schweizer TG3a, was added to the collection in 2022/23. The valuation of the gliders over the last 5 years is shown in the table below. A summary of acquisitions, valuations and disposals is shown in the second table. It illustrates 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.
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.
15
| Glider Type | 2018/19 | 2019/20 | 2020/21 | 2021/22 | Added in 2022/23 |
Value 2022/23 |
|---|---|---|---|---|---|---|
| Abbott-Baynes Scud 2 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Abbott-Baynes Scud 3 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Colditz Cock | 450 | 450 | 450 | 450 | 450 | |
| Eon Baby | 500 | 500 | 500 | 500 | 500 | |
| Eon Eton | 250 | 250 | 250 | 250 | 250 | |
| EoN Olympia 2b | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |
| EoN Olympia 460 | 2,500 | 2,500 | 2,500 | |||
| EoN Olympia 463 | 2,250 | 2,250 | 2,250 | 2,250 | 2,250 | |
| Grunau Baby | 750 | 750 | 750 | 750 | 750 | |
| Jacobs Schweyer Weihe | 500 | 500 | 500 | 500 | 500 | |
| JSH Scorpion | 500 | 500 | 500 | 500 | 500 | |
| Kaiser Ka3 | 750 | 750 | 750 | 750 | 750 | |
| Leister-Kaufmann TG4 | 2,000 | 2,000 | 2,000 | 2,000 | ||
| Lo 100 | 400 | 400 | 400 | 400 | 400 | |
| Manuel Crested Wren | 500 | 500 | 500 | 500 | 500 | |
| Manuel Hawk | 500 | 500 | 500 | 500 | 500 | |
| Oberlerchner Steinadler MG19 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
| Scheibe Bergfalke 55-11 | 3,500 | 3,500 | 3,500 | 3,500 | ||
| Scheibe Flugzeubau Mu13-d | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Scheibe Zugvogel 3b | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
| Scheibe Zugvogel 3b | 3,000 | 3,000 | 3,000 | 3,000 | ||
| Schleicher K8b * | 500 | 500 | 500 | 0 | 0 | |
| Scott Viking | 5,830 | 5,830 | 5,830 | 5,830 | 5,830 | |
| SlingsbyDart | 3,000 | 3,000 | 3,000 | 3,000 | ||
| SlingsbyGrasshopper * | 1,000 | 1,000 | 1,000 | 0 | 0 | |
| SlingsbyGrasshopper | 1,000 | 1,000 | 1,000 | 1,000 | ||
| SlingsbyPrefect | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| SlingsbyPrefect | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
| SlingsbySkylark 2 | 2,500 | 2,500 | 2,500 | |||
| SlingsbySkylark 3b | 1,750 | 1,750 | 1,750 | 1,750 | 1,750 | |
| SlingsbySkylark 3f | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| SlingsbySwallow | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | |
| SlingsbyTutor | 1,500 | 1,500 | 1,500 | 1,500 | ||
| Spalinger S21H | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
| SZD Foka 4 | 4,050 | 4,050 | 4,050 | 4,050 | 4,050 | |
| Yorkshire Sailplanes YS53 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Zlin Z24 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| PZL Pirat | 2,000 | 2,000 | ||||
| SlingsbyDart 17r | 3,000 | 3,000 | ||||
| Bolkow Phoebus 17 | 2,500 | 2,500 | ||||
| SlingsbySky | 4,500 | 4,500 | ||||
| SZD Bocian | 2,500 | 2,500 | ||||
| Schweizer TG3a | 3,500 | 3,500 | ||||
| Total value | 61,530 | 75,530 | 80,530 | 93,530 | 3,500 | 97,030 |
- Disposals in 2021/22
16
| 2012/13 | 2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | 2022/23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Acquisitions | 17250 | 7250 | 9700 | 7730 | 4750 | 7000 | 6000 | 14,000 | 5000 | 14,500 | 3,500 |
| Revaluations | 550 | 1300 | |||||||||
| Disposals | -1500 | ||||||||||
| Total Change in Year | 17250 | 7800 | 9700 | 9030 | 4750 | 7000 | 6000 | 14000 | 5000 | 13000 | 3,500 |
| Cumulative Value | 17250 | 25050 | 34750 | 43780 | 48530 | 55530 | 61530 | 75530 | 80530 | 93530 | 97030 |
| Proceeds from Disposals | 360 |
17
Charity Number - 1148972 Company Number- 7992376
ANNUAL REPORT OF THE TRUSTEES OF THE GLIDING HERITAGE CENTRE FOR 2023/23
1 REFERENCE AND ADMINISTRATIVE INFORMATION
This is the report of the trustees of the Gliding Heritage Centre (GHC) covering the period from 1 April 2022 to 31 March 2023. 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 G Garnett * Membership Secretary Mr G Pullen Aircraft and Hangar Manager
* Mr M Wills was a trustee for the first part of this reporting period. He retired at the annual general meeting in September 2022 and was replaced by Mr G Garnett
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 numbered 299. 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 buildings can be seen in the aerial photograph below.
----- Start of picture text -----
Second Hangar 2018 Workshop 2021 First Hangar 2013
----- End of picture text -----
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. 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.
3
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 or using the workshop.
4 ACHIEVEMENTS, PERFORMANCE AND PLANS
As the concerns about the omicron variant of COVID died down in the spring of 2022 the GHC was able to resume normal activities and welcome a wide range of visitors. For many of these people it was their first introduction to gliding.
Local members of the University of the Third Age (u3a). One of many groups that visited the GHC in 2022/23
One of the primary aims of the centre is to reach out to young people. To this end, the GHC collaborated with a company that organises training for potential aeronautical engineering students. A total of 450 students visited in the summer of 2022. They were given tours of the glider collection, they learnt about the history of gliding and they took part in practical demonstrations of glider maintenance.
The new workshop enabled us to complete several major restoration projects. Work on a rare Swiss glider, a 1943 Spalinger S21h, was finished in the autumn of 2022. The project was complicate by the fact that much of the documentation for the glider had been lost. It is hoped that the next stage will be to complete the certification process so that it can flown.
4
Work underway on the Spalinger S21h showing the intricate wooden structure of the wings, much of which needed to be repaired.
The completed Spalinger S21h
The restoration of the Clarke Chanute biplane was also completed. It was built in 1910 and is believed to be the oldest surviving British glider. It is on loan from the Royal Aero Club Trust. Although it cannot be flown, it was restored using materials and construction techniques that were as close as possible to those available in 1910. The majority of the restoration was carried by a GHC member, David Siddall, who was presented with a Royal Aero Club bronze medal for the authenticity and quality of his work.
5
The restored Clarke Chanute biplane now on display
A new addition to the GHC collection in 2022/23 was an American TG3a glider which was donation by the Imperial War Museum. It was used to train pilots of troop carrying gliders during World War II. At the end of this reporting period, in April 2023, restoration was almost complete and the glider is now undergoing a series of test flights so that can be given a British certificate of airworthiness. It will then be the only airworthy example of this type outside the USA.
.
TG3a used in WWII to train pilots of troop carrying glider
The workshop has been a great success for the GHC. It is a unique facility in this country and it is making a major contribution to the preservation of British gliding heritage. When it was being planned there was concern about whether the cost of heating and electricity would be an unaffordable drain the resources of the GHC. Now that it has been in operation for over a year it is clear that this worry was unfounded. When the full capacity is not being used for GHC projects, it is made available to the owners of private vintage gliders. This income has more than covered the total running costs.
As described in the report for 2021/22, it is planned that the next step in the development of the GHC will be to extend the second hangar. The collection of gliders is still expanding
6
and more storage space is needed. At present many gliders awaiting restoration are being stored in their old dilapidated trailers and are slowly deteriorating as a consequence. A design study for the extension was completed in 2021/22 and the centre now almost has enough funds to start work but the trustees are taking a cautious approach in these uncertain times.
The longer term vision for the centre is to add a new building with an archive and more space for displays and presentations. The GHC now has a large collection of photographs historic documents and artefacts that are housed in a temporary building. As a long term project it is hoped to establish a modern archive facility so that the information can be preserved and made available digitally to a wide audience.
By order of the trustees
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
7
5 FINANCIAL REVIEW OF THE GLIDING HERITAGE CENTRE FOR 2022/23
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 keeping their gliders in the hangar or using the workshop
During 2022/23 the net income for the fund was £15475.
b. The Restricted Fund .
The restricted fund is used primarily to develop the GHC facilities and extend the collection of vintage gliders. During 2022/23 the main source of income was donations from members, visitors and supporters. There was also a donation in kind in the form of a vintage glider (See note 5). The largest expenditure during the year was on the restoration of vintage gliders.
5.22 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
8
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.
5.33 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.
9
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 | 28282 | 6950 | 35232 | 43395 |
| Total | 28282 | 6950 | 35232 | 43395 | |
| Expenditure On: | |||||
| 3 | Charitable Activities | -12807 | -25738 | -38545 | -40493 |
| Total | -12807 | -25738 | -38545 | -40493 | |
| Net Income/expenditure | 15475 | -18788 | -3313 | 2902 | |
| 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 | 15475 | -18788 | -3313 | 2902 | |
| Reconciliation of Funds | |||||
| Total Funds Brought Forward | 59620 | 503074 | 562694 | 559792 | |
| Total Funds Carried Forward | 75095 | 484286 | 559381 | 562694 |
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5.6 Balance Sheet
| Note Ref |
Total Funds | Prior Year Total Funds |
|
|---|---|---|---|
| £ | £ | ||
| Fixed Assets | |||
| 4 | Tangible Assets | 329173 | 352059 |
| 5 | Heritage Assets | 97030 | 93530 |
| Total Fixed Assets | 426203 | 445589 | |
| Current Assets | |||
| Cash in Bank and in Hand | 132407 | 116343 | |
| Debtors | 1054 | 886 | |
| Total Current Assets | 133461 | 117229 | |
| Liabilities | |||
| Creditors:Amounts Falling Due Within One Year | 283 | 124 | |
| Net Current Assets or Liabilities | 133178 | 117105 | |
| Total Assets Less Current Liablities | 559381 | 562694 | |
| Net Assets or Liabiities Excluding Pension Assets or Liabilities |
559381 | 562694 | |
| Total Net Assets or Liabilities | 559381 | 562694 | |
| The Funds of the Charity | |||
| Restricted Income Funds | 484286 | 503074 | |
| Unrestricted Funds | 75095 | 59620 | |
| Total Unrestricted Funds | 75095 | 59620 | |
| Total Charity Funds | 559381 | 562694 |
For the year ending 31 March 2023 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 notes on pages 11 to 16 form part of the financial statement.
Signature Date Dr A Newbery Chairman Mr G Bradney Secretary Mr J Ben-David Treasurer
11
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 | 7206 | 7206 | |
| Donations Towards General RunningCosts | 21076 | 21076 | |
| Donations to Developthe Centre | 3450 | 3450 | |
| Donations in Kind(Gliders) | 3500 | 3500 | |
| Donations in Kind(Other) | 0 | ||
| Total | 28282 | 6950 | 35232 |
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Note 3
| Unrestricted Funds |
Restricted Funds |
Total Funds |
|
|---|---|---|---|
| Charitable Activities | £ | £ | £ |
| Insurance | 3098 | 3098 | |
| Glider Maintenance | 1136 | 1136 | |
| Fees to LGS,BGA and CAA | 2746 | 2746 | |
| Glider Restoration | 2652 | 2652 | |
| Equipment | 195 | 195 | |
| Admin,Internet and Marketing | 2628 | 96 | 2724 |
| Buildingand Site Maintenance | 792 | 91 | 883 |
| Governance | 35 | 13 | |
| Electricity,Gas and Diesel | 2177 | ||
| Depreciation of Tangible Assets | 22886 | 22886 | |
| Total | 12807 | 25738 | 38545 |
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Note 4
The major tangible assets are the two hangars and the 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 | 205500 | |
| Additions | 0 | |
| At End of Year | 205500 | |
| Depreciation | 12844 | |
| Net book value at end | 192656 | |
| Other Tangible Assets (Inc Office Equipment |
||
| At beginingofyear | 4616 | |
| Additions | 0 | |
| At end of Year | 4616 | |
| Depreciation | 1171 | |
| Net book value at end | 3445 | |
| Workshop | ||
| At beginingofyear | 141943 | |
| Additions | 0 | |
| At End of Year | 141943 | |
| Depreciation | 8871 | |
| Net book value at end | 133072 | |
| Cost or valuation of all Tangible Assets | ||
| At the beginningof theyear | 352059 | |
| Additions | 0 | |
| At the end of theyear | 352059 | |
| Depreciation and impairment | ||
| Depreciation | 22886 | |
| At the end of theyear | 22886 | |
| Net book value at the beginningof theyear | 352059 | |
| Net book value at the end of theyear | 329173 |
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Note 5
The current heritage assets shown in the report consist of the 43 vintage gliders which have been donated to the GHC together with their trailers and other equipment. One glider, a Schweizer TG3a, was added to the collection in 2022/23. The valuation of the gliders over the last 5 years is shown in the table below. A summary of acquisitions, valuations and disposals is shown in the second table. It illustrates 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.
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 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | Added in 2022/23 |
Value 2022/23 |
|---|---|---|---|---|---|---|
| Abbott-Baynes Scud 2 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Abbott-Baynes Scud 3 | 5,000 | 5,000 | 5,000 | 5,000 | 5,000 | |
| Colditz Cock | 450 | 450 | 450 | 450 | 450 | |
| Eon Baby | 500 | 500 | 500 | 500 | 500 | |
| Eon Eton | 250 | 250 | 250 | 250 | 250 | |
| EoN Olympia 2b | 1,250 | 1,250 | 1,250 | 1,250 | 1,250 | |
| EoN Olympia 460 | 2,500 | 2,500 | 2,500 | |||
| EoN Olympia 463 | 2,250 | 2,250 | 2,250 | 2,250 | 2,250 | |
| Grunau Baby | 750 | 750 | 750 | 750 | 750 | |
| Jacobs Schweyer Weihe | 500 | 500 | 500 | 500 | 500 | |
| JSH Scorpion | 500 | 500 | 500 | 500 | 500 | |
| Kaiser Ka3 | 750 | 750 | 750 | 750 | 750 | |
| Leister-Kaufmann TG4 | 2,000 | 2,000 | 2,000 | 2,000 | ||
| Lo 100 | 400 | 400 | 400 | 400 | 400 | |
| Manuel Crested Wren | 500 | 500 | 500 | 500 | 500 | |
| Manuel Hawk | 500 | 500 | 500 | 500 | 500 | |
| Oberlerchner Steinadler MG19 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
| Scheibe Bergfalke 55-11 | 3,500 | 3,500 | 3,500 | 3,500 | ||
| Scheibe Flugzeubau Mu13-d | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Scheibe Zugvogel 3b | 2,500 | 2,500 | 2,500 | 2,500 | 2,500 | |
| Scheibe Zugvogel 3b | 3,000 | 3,000 | 3,000 | 3,000 | ||
| Schleicher K8b * | 500 | 500 | 500 | 0 | 0 | |
| Scott Viking | 5,830 | 5,830 | 5,830 | 5,830 | 5,830 | |
| SlingsbyDart | 3,000 | 3,000 | 3,000 | 3,000 | ||
| SlingsbyGrasshopper * | 1,000 | 1,000 | 1,000 | 0 | 0 | |
| SlingsbyGrasshopper | 1,000 | 1,000 | 1,000 | 1,000 | ||
| SlingsbyPrefect | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| SlingsbyPrefect | 3,500 | 3,500 | 3,500 | 3,500 | 3,500 | |
| SlingsbySkylark 2 | 2,500 | 2,500 | 2,500 | |||
| SlingsbySkylark 3b | 1,750 | 1,750 | 1,750 | 1,750 | 1,750 | |
| SlingsbySkylark 3f | 1,000 | 1,000 | 1,000 | 1,000 | 1,000 | |
| SlingsbySwallow | 1,800 | 1,800 | 1,800 | 1,800 | 1,800 | |
| SlingsbyTutor | 1,500 | 1,500 | 1,500 | 1,500 | ||
| Spalinger S21H | 1,500 | 1,500 | 1,500 | 1,500 | 1,500 | |
| SZD Foka 4 | 4,050 | 4,050 | 4,050 | 4,050 | 4,050 | |
| Yorkshire Sailplanes YS53 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| Zlin Z24 | 3,000 | 3,000 | 3,000 | 3,000 | 3,000 | |
| PZL Pirat | 2,000 | 2,000 | ||||
| SlingsbyDart 17r | 3,000 | 3,000 | ||||
| Bolkow Phoebus 17 | 2,500 | 2,500 | ||||
| SlingsbySky | 4,500 | 4,500 | ||||
| SZD Bocian | 2,500 | 2,500 | ||||
| Schweizer TG3a | 3,500 | 3,500 | ||||
| Total value | 61,530 | 75,530 | 80,530 | 93,530 | 3,500 | 97,030 |
- Disposals in 2021/22
16
| 2012/13 | 2013/14 | 2014/15 | 2015/16 | 2016/17 | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | 2022/23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Acquisitions | 17250 | 7250 | 9700 | 7730 | 4750 | 7000 | 6000 | 14,000 | 5000 | 14,500 | 3,500 |
| Revaluations | 550 | 1300 | |||||||||
| Disposals | -1500 | ||||||||||
| Total Change in Year | 17250 | 7800 | 9700 | 9030 | 4750 | 7000 | 6000 | 14000 | 5000 | 13000 | 3,500 |
| Cumulative Value | 17250 | 25050 | 34750 | 43780 | 48530 | 55530 | 61530 | 75530 | 80530 | 93530 | 97030 |
| Proceeds from Disposals | 360 |
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Independent Examinerfs Report To the Trustees of: Thè Gliding Herltage Centre My report covers the account5 of the company for the year ended 31 March 2023, which are set out in section 5 of the annual report of the trustees of The Gliding Heritage Centre. Respective Re5ponsiblllties of Trustees and Examlner The trust&es (who are also the directors ol the company for the purposes of company lawl, are responsible for the prepararion of the account5. The trustees consider that an audit is not required for the this year under section 144121 of the Charities Att 2011 Ithe 2011 Act) and that an independent examination is acceptable as the charity's 81055 income doe5 not exceed £250,000. The company is also exempt from an audit under section 477 of the Companie5 Act 2006 relating to small cornpanie5. The examiner's responsibilities are therefore to.. l. Examine the accounts under section 145 of the 2011 Act. 2. To follow the procedures laid down in the gen@ral diFections given by the Charitv Commission under section 14515llbl of the 2011 Act,. and 3. To state whether particular matters have corne 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 exarnination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also inclLJdes consideratlon of any unusual items or disclosures in the accounts, and seeking explanations from you as trusteesconcerning 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 account5 present a "true and fair vlew" and the report is limited to those matters set out in the statement below.
Indèpendent ExaminÈrfs Statement In connection with my examlnation, no matter has come to my attention.. l. Which gives me reasonable cause to believe th6t in any material aspect the requirements.. To keep actounting retords in accordance with Section 386 of the Companies Act 2006.. and b. To prepare aciounts which 3ccord with the accounting records, comply with the accounting requirement of section 396 of the Comp3nies Act 2M6 and with the methods and pr1c1p1@S of the Statement of Recotnrnended Practice.- Accounting and Reporting by Charities. ave not been met,. or 2. To which in my opinio, attention should be drawn in order to enable proper understanding of the account5 to be aChed. Signed.. Natne.. Date.. Address.. Susan Brooke 19 July 2023 l M4plehurst Chase Hatch Warren 83singstoke Hants RG22 4XQ FMAAT Number.. 0241673 Professional Qualiflcation..