Aerobility Trustees, Report and Financial Statements for the year ended 31 December 2022 Registered Charity Number 1149629 Registered Company Number 08200768 11111 •AICUPIYY• 2fI0912023 COMPANIES HOUSE A31 AEROBILITY FINANCIAL STATEMENTS FOFI THE YEAR ENDED 31 DECEMBER 2022 INDEX Charbty inlomh*lon Report of the Trustees Independent Auditor's Report Statement ol fin￿cial activities . Balance sheet 10 Statemenl of ¢•sh flows 11 Accounting policies 12 Notes to Ihe Iln8ncl4 stolements 14 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CHARITY INFORUATION Shona Bowman Jon Windover Emrys Harries Allisler Bridger Mike Matthews Joel Rose Jamie Smith Neil Tucker Simon Warr Brian Wheeler Paul Winstanley Chairman Deputy Chairman Secretary Ires•3ned 21 Awl 2023) Principal Office Blad(bushg Aiirn1 Camkrley GU17 gLQ R•gist•red Offic• Cawley Priory South Pallant Chichester Wesl Sussex P019 1SY Registered Charity Nun 1149629 Reglst8red Comp•ny Number 08200768 Ch￿1 Executlv8 Mike m￿ler-SMIth M8E Independent Audllor Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex P019 1SY Banke CAF Bank Limited 25 Kirgs Hill Avenue Wesl Malli ME19 4Ja Page 1 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEl418ER 2022 REPORT OF THE TRUSTEES The truslees hereby presenl their Annual Re￿rt for the purposes of Charilies Aci 2011 arKI Sections 416 to 419 of the Companies Act 2006, together with the accounts lor the year er*Jed 31 Decernter 2022. The trustees have aéopted the provisions of the AectyJnting artl Reporting by CharilEs: Statement of Recommended Practice applicable to charittes pret)aring their aCc￿ntS in a￿0rdan￿ the Financial Repoth"ng Standard IFRS 102). STRUCTURE GOVERNANCE AND MANAGEMEP Aerobility is a Charitab￿ company limiled by guarantee lnuX￿ratwj on 4 September 2012 Icompany number 082007681 ar￿ registered as a charty on 6 November 2012 (charity number 11496291. li 15 govemed by ils Articles ol Association. The members ol the Company are Ihe Direclors who are dso Trustee5 undgr Charity law. The Board meels regularty and wowdes the strategK (firedion and oversvJhl ol the charty. Trustees are rwuited by adverbsing in Suitab￿ media arKI by at￿￿ety consideriNJ suitatrAy qualth'8d individuals who make a dire￿ approach. New trustees a￿ SUPF4ied wilh copies of charity's goveming and poltcy drfumenls tc•aether wrth Charity commi￿on guNja￿e. such as CC3 and CC8. and ieceive training as necessary. Aerobility pay pjicy lor key stall reflects ex￿rience. perfomance arKJ Tegional varian"ons. All salary increases are subject to approval by the Board of Tru*ees RemuneraiK)n Committee. 08JECTIVES ANO ACTIVITIES The ch8riVs objects are.. To promole and provide educatKJn. I￿reatIon and leisure lime activrties for thSab￿d Ferwis in particuLqr by providing opportunities in awation with the cknj'ect of imFffowng the conditions ol Ife. Aerobiliiy offers disable(I peop￿. ￿1h￿l excepiKJn. the Orwlunity io lty an aeroplane aThJ participate in avial￿n- tmsed activities. Aerobility removes barriers to aviation wh￿h as an activity offers disabled people a real sense ol achievement aThJ genuinety Changes peo￿e'S lives. Aerobilily's s￿la1￿ adapt￿ wrcraft lty Irom varioLt5 airfields arourKI the UK provvjiro lrfe Changing experie￿0 flights and flight training. Aerobility aims Its supwrt a variety ol avtatitin activi(ies lor disabled peO￿e and rep￿SentS the needs of disabled people whatever awatK)n wrations. Parheipants rarrfJe Irom disabw young people through to sokliers injured in swice and elderfy ￿lSOn$ with dssablirg impairments. All disability types are catered IOT inclLKling physical disabylrtte5. leaming disab"lil*, Sensory ifftpairmenls arKI menial heallh issues. Lina has Quadriplegia (spinal cord injury). When she fl￿S with Aerobility she says.ltre found a momentary antithesis to my paralysAS.' Sh* also says-l bvouldlike ro satisfy my d￿8M - to leel like a tsid. l also bvould like to gain the knowledge thai Ilyffjng a plane requires. ￿thIng excites me more than leeling ¢h8lleryed. Finally a conf￿1]￿ myselland a affirniation ofmy mantra that when there s a wheel the￿S a wayf When talking abwt ¢)vercomng her fears Lina says"There is always that suironschws feeling of knuld l ever be able lo get the gnp ofil'or Ivhen would my paralysis and loss oifinger movementimpede on this inmth"WeJoumey', butAerobihty havo 9onè b8yorTrd nyy eXpeCtat￿nS in settling those dotsbts thacci%nmtslaiYng to my needs. Something 1 in forevergrateful forr Malky Padwa, a 33-year￿ld-WOrnan from Hackney in Lonth)n. has L￿n ftyirvJ with Aer0￿"14ty. Dewe her early onset generalised dystonia -.a o)nth'tit)n characteris8d by involuntary con1raL*￿￿ ol the rnuscles. tremors. anLI other unconirolled movement>- learning lo fly has a￿ayS ￿en Malky's.dream. 8ThJ shè applie(J for thè schoL8rship after a friend introduced her to the charity. Desuibing hcw the Aerobility" instructors dky "everyfthrnj fo acL¥Nnmodate and adapt to [her] needs." she eX￿ained hcw4 the schcAarship has had a hugely positive Irn￿ on her life.. which, alongside imparting confidence arKI serf-bdiel, ha5 also ma¥Je Malky"rethink Ihefj cap*Jfflrtieg'.-11 atso really help8d me to really assess mysem to what I can do ptysKalty arydpus!J to acheve more coordinatron and corttrolled ' movements," she added... . with disabled people and beneliciari&s wilhin Activities a￿ designed buim by thsat4ed pecwe lor disabled peoFIg.. ..: key roles In the organisat￿n. Through this. bene1￿la11es ￿hleye=. Improving seK-esteem and stimuL4ting ach¢evemenl Knowledge expansion, well-beiro and enjoyment Removing physical and linancial barr￿rS and changing percep.!iorfj . Leveraging ability. impfoved employ*ltty. new community accesa". Inspinng people to live thw'r lrfe wilh new asF4rations. Yo Ilf""" Ptye2 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TIIUSTEES AeroLylf(y measures success by galhering metrics oulpul data such as part￿1PaI￿ 1g¥els and disability types accessing Aerobitily services. Aeroknlity ￿$0 records a￿1 ulilises outc4)mes measures such as well-being and knowledge gained Ihrough part￿ipation- both directty Ifom service users and aLso from those around them such as family members ar* caregivers. Tcgether Ihese measures a￿ ￿lI1$e¢l lor improving Ihe rwality ol Aerobility services and lo ensure aims and obJ"eclives are being mei. UsiNJ volunteers lo assist with the ddivery ol servtis and wth Charity adminislralion is a key comwnenl ol Aerotility slruciuie. Flying insiruciion, lundr&sirrfJ event management. heahh and salety adv￿e, IT support are key roles delivered by over 75 volunteers. The Trustees confimi that they have referred to the guKlance on publiG berefit when reviewing the Charity'$ aims arKI objeclbves an¢ when planning future actNity. The Trustees conlirrn Ihal they are salisfied that public ￿nefit is ai the heart ol Aerolilty's actNI1￿. ACHIEVEMEMTS AND PERFORMANCE Ch4rltable Acl6vltles Ftying opeiations resumed lully in 2022 wilh many of our fliers ￿￿ffling to the charty after the pandemic. In aydillon, we began running flying days again as well as wr grouTrJ-based aCtNit￿S particularty lor the same wth you people. We delivered 1055.62 hours ol ltying arn1 1226 flights thring the year. Particularty KAeasing was ihe ¢Jemand lor intrLNJuctory exper1er￿e I1￿hts tor first ts.me particpants. Disabled a¢¢gssible alr¢raft l>ulld- Bulld a Dre•n (BaD): The BaD team 016 committed volunteers continued to w￿k Ihroughout 2022 aTrJ cornme￿1 on the final stages of tl)è tr￿}￿d. including the disatxlity mc#thficatKJns to the controls, the engine IJ)wliNJ, Lknrs and w￿1)W5. Junlor Aspiring Pi101 Programme & Avfiati￿ Edu￿tion Prngramme: The Aviation Education Programme 2022123 conts.nues to serve 12 people a year with sessions nmnirvj swKxJthty. This year is the courses 10" year and it is remad(able lo see how mL￿h course has Changed over Ihat lime. AEP now has sessions on insrrfralion a￿1 aw0bat￿s akyKJs#Je r[￿e tradit￿nal sessions of the Vincip￿S ol Ilight ali Iralli¢ control. The JunKJr AsFiring Pilots Programme 2022123 was suc£essful. Ov9r woeks we intrc4Suced 9 teenagers to what il lakes to become a prwate ylot. The course fundirKJ Ircrfn BBC ch1￿jren wi Need exFires Ihis year bLrt we are keen lo apply lor this suppjrt to be exiended lor a further lerm. Project Abl• The key t*get lor Prqect Able Imanaged ty Aeroblity Holdings CIC} are to util¢se lorffler RAF Air Cadet G109 r￿torgI1ders to LEnelit AefOtM"lity actNitps deliver disabilily adapted aircraft to the charty. The project continues to be challengiThJ wilh supply ch￿n and manufacturer delays slowing kyogress. Th* said. the liist aircraft entered servicfr for the charity G-C￿u during the year and has been well rtteN8J. Fundraiwng. M•rketirwJ Cor1￿unI￿tsQnS 2022 saw the continued implementation of Ihe slraiegy to I￿￿S on bLn'hJing our own knTr*aising events and actwrties i.e. Aviators Ball, Armchair Airshow. Wing Walk as well as working increasrKJty closety with our existing supporters to deepen and tro&len r￿*￿nshIpS vnthin ihe AviaKN) comwwnty. The purpose t*iThJ lo drive financial reylietKe as well as pnorilise team efforts on the areas of greatest likely success. As a resuh of this I(￿s, we have also gre*iy bToadened a￿1 deyned our relalDrE wilh bolh new and previous supporters such as NATS, OfT. 2Excel . Bristcm Grwp, Aerob￿e$ and Lor￿1￿ Biggin Hill Airport. For example, NATS Gener￿ Managers climt*d Ihe U.K.'s highe51 peaks arKI eno)uraged employee participation for other challenges - raising over £20,LNXI. London &"ggin Hill ￿rport as51Sted us with 1nntival￿on support lor our groundbreaking online Ar￿hall Airshow provKlir#J inleresliThJ awab'on bas￿1 content Iof Vi8wers coupled with l￿draisIr￿a alongside. Another key area ol locus has been the tKJikling ol ow advccacy work. representing the needs ol those living wilh disabilty, into the aviation communty. This has W to Aeriknility leading ltie conversation on accessibility within the Future Flight arena, e$￿¢la11Y within Ihe Ufban Air Mo￿"11ty enyironinerts, as well as beginning to address the accessibility failings the avialK)n communty recognises ht neeAs to ivork 00. t￿(Wh our Equal Skies. Charter funded by the CAAIDFT. Page 3 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 REPORT OF THE TRiISTEES Aerobilily is W0￿.ng vAlh KiThJs College LoTrJon, UK CAA and olher space ex￿￿ts on a European Space Agency lunded lopi¢al team eWoriTrJ the accessi￿lty of space in future. .Oryanisali¢)n Staff aNJ volunteers have lulty retur￿1 to vth after the paThJemi¢ and continued working from office in 2022. After the pandemt, the Tnjstee Board has started to hjkj lés meetings laee-to-tao again with the continued option ol Zoom online join-in to detemiine the strategic direclK)n ol the charity aThJ set terforman￿ oLiectives lor Ihe Chiel Executive as well as provKlirKJ the r￿uired 9o¥ernance. FINANCIAL REVIEW Ir￿0m]ng resources amounted to £931.02412021.. £611,3181 I￿vdIng ieslricled donalh?ns and designated fu￿1$, the oulgle lor Ihe maintena[￿ arKI intwJrity ol Ihe ¢¢vp)r*e and financial ￿lOr￿allOn included on the charrtat4è company's web51te. Legislat*m in the United Kingdom ￿lry the preparation and di55emination of financial staiements may dffter from legislat￿n in other jurNdictKsns. AppoIKfMEHf OF INDEPENDENT AVDITOR The charity exceeded the audit I￿e5￿)kI the year w*Jer rewew and aFpJinted Blue Spire Limited as indeper*Jent auditor. This report has bggn prepar￿1 haviw takmig advantage of the smJl o)mpanres' exemption in ihe Companies Act 2006. roved by the trustees and s*Jned on their behalr. Shona Bowman Chairman Datg )i/pl J )0?> Page S AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDEMT AUDrroR'S REpoirr Independent Audltorf$ Report to the m•m￿r$ of Awobillty Opinion We have a(Jdit8d tho financial statwnents of Aerobilty (the chantable company'l fof the year ended 31 December 2022 which comprisethe Siatefflent ol Finar￿Aal AclNilies. the Balance Sheet, Ihe Staiemert DI Cash Fk)ws and notes lo the finar￿la1 stalements. includin9 SKJnificant accounknrwJ policies. The financial reportiro framework that has been applied in their preparation is applicat4e law United Kingdom knounling Standards, including Financial ReportitvJ Siandard 102 Tlje Finanual Re￿)rtIng sta￿ applrable in the UK and Repubbc ol Ireland (United KirrfJdorn Generalty Ac¢eplwJ AC￿un￿.￿J PractrEI. In our opinion ihe linartial statements.. give a true and fair view of the state d the th¥itable companWs affairs as at 31 December 2022. and of its incoming resources and applralion of resources. in¢Wing rts I￿rne and expenditure, lor the year then ende(I,. have been prwty prepared in accordance I￿1h UThiaJ KIn￿k￿n Generally Ar£epled Acoxjnting Pr￿LIce.. and have b￿￿ prepared in accordance with the r8]uirements ol the Companies Act 2LM)6. Basis for opinion We conducted our audil in ac¢ordanee with Internalic￿￿ Standarts ￿ Au¢rtirKJ IUKI IISAS IUKII and applicable law. Our iespDnsibilities under Ihose Slar￿ardS are further described in the aLxlitor respMgbilrties lor Ihe audrt ol the linancial statements seciion ol our Teport. We are indepEndent ol Ihe ctsrllab￿ company In accordance with Ihe eth￿81 requirements thal are rdevant to our audit of the financial stalements in the UK, including the FRC'S Ethical Standard. aThJ we have fumilled our Oiher eihical reswnsibilit￿s in acccKdance wth these requirements. We ￿lieve Ihat the audit eviderKe we have obiaine(l is sufficient a￿1 approKwiats lo provKYe a basi8 lor our ty)In￿. Con¢lusion$ Rlaling to golng concem In auditing the linarKiaJ stalements, we have conckjded Ihat ttte trustees. use ofthe ￿Ing ¢oncem basis ofaccounting in the preparation ol the linawal staiements is appropriate. Based on the vlork we have perlormed. we have Thjt hJenlrf￿d any materid uncertainties relatirg to evenls or conditions that. individuJly 01 coleclivety, may casi sonilicant doubt on the charitable company's th'lity lo conlinue as a going concern lor a peri￿# ol al least twelvg months Irom when Ihe financial stalements are authorised lor issue. Our responsibilities and the reswnsibilrties ot the twstees wlh respect io goiThJ corKem are descr￿ in the relevani sections ol this report. Other intorn)ation The other in1￿MatiOn comwses the inlormalion 1rdud￿l in the report ol the 1TUStees, other than the fina￿la1 ststements and our auditorfs report thereon. The trustees are respJnsit4e for the ottrer inloimation contained within the report of Ihe Iruslees. Our opinK)n on the fin￿la1 sialements i*)es not u)ver the other information and. excepl lo the exleni otherwise expl￿tty stated in our repofl, we do Th)t express any form ol assurance ccw)dusion thereon. Our re$￿nS￿lI1ty is io read the olhef information and, in (kn'ng so, congder wh￿her the other inlornation is malerially I￿nSIStenI with the linanckal statements or our knowle(Ige obtained in the course ol the audit or otherwise appears lo be materially misstated. 11 we identify s(th malerial Inconsistenoes or apparent material misststements. we are iequired lo determine whether this gives rise lo a ffl*er1￿ misstatement in Ihe linanaal slalemenls Ihemsefves. 11. based on the work wè have pertomed, we conelL￿ that the￿ ts a matenal missiatement of this other information, we are required to report thaf fact. We have nothing to repjrt in ihis regard. Opinions On other matters prescribed by Ihe Conynies Act 2ryA' In our ￿Inion, based on Ihe work uThYertaken in ihe course ol Ihe audit.. the infomiation given in Ihe rep)rt of the trustees lincoryx)ralirKJ lhe directors, rerM)rtl f(* the financial year for which the linancbal statemenls are prepared is conystent vMth"Ihe financial slalements.. and the directors, report has bgen prepared in acC￿danC8 with app.ltsblp legal requirements. Page 6 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 DECEMBER 2022 INDEPENDENT AUDITOR'S REPORT Mattws on whlch we are required to report by •xc¢pllon In the I'MJht of the knowledge and untleistanding of the chantstle company and ils environment thained in courso ol the audit, we have not i¢Jentilied material misstaterrents in the direct￿5. reFQrt. We have nothing to rewrt in resF*(l of the tollcwiffj rnatters in relatwM to whith tr* Companies 2006 requires us lo reF()rt lo you il. in our opinion.. adequate accounting records have not been kept. or relums a(lequale lor our audit have not been r￿e1Ved Irorn branches nol visited by us,. or the financial statement5 are ￿t in agreement wilh the accouniir¥J records aThJ retum$" or certain disdosures of di￿￿0￿, ￿muneral￿n specTfJed by law are not made" or we have nol received all the informatkjn and explanatKJns we require for ryjr audit" or the tnjstees were not entitkd to prepare ts financial slateM￿ts in a¢uxdan￿ ￿ the srnall cornpanie5' regime and take alvanl*Je of ￿ small rJYnpan￿S. exemptK)n5 in weparing the dIr￿r5. T&POrt and from the requirement lo prepare a straleg￿ rep R•sponslbllltl•s of trust8eS As explained more fulty in the Statèm￿ of Iwstees, reswtsililrttes, the trustees (who are also the directors of the charitable company for the purFeses ot company lawl are reS￿r￿It4e for the preparation of the linancial statements and for ￿Ing satisfied that they gwe a true and I￿1 VEW. and lor such Intern￿ control as the trustees determine rs necessary to enable the preparati￿ of linanCI￿ stalements that are free from material misstatement, vknelher due lo fraud w error. In preparirvJ the financial stateff*nls, the trustees are reSpOn￿tIe for assesyrvJ the charitable company's ability to ccffjtinue as a going concem, disclosing. as arpItab￿. matters reLated to going concem using the goirKJ Lx*ncern basis ol accounting unless the trustees eilher intend to liquwjate the charilat4e cornpany or to cease operat*)ns. or have no realistic attemative but to do so. AudltOT responslb51itles lor the a￿111 of the flnancial 8lateft* Our objectives are lo obl￿n ￿asOnable a$surar￿ abJut whether the financial statements as a whole are Iree from material misstatement, whether due lo fraud or error. aThJ to issue an aLthc¢s thal inc1L￿e8 our cpinion. Reasonable assurance is a high ￿e1 of asgJra￿e. but is not a guarantee that an audt conducted in attordance with ISAS IUKI will always delect a fflateriai misstaternent when it exists. Mi8statements can arise Irorn fraud or error and are considere(J material if, irKINKlually or in the aggroJate. tIEy ccyjld reasonat4y be expected to influence the econom￿ *isions ol users taken on the basis of these finawl statsments. Irregularities, i￿luding IraLkl. are instartts of non-CoM￿la￿ wih and ￿ulations. We deslgn yocedures in line with our ￿SPOnSibl11t1es. outlined atrnvè. to detect mateFial missiatements in ￿$￿ett ol irregularities. including fraud. The extent to wh￿h our procedu￿ are capable of tstecfing irregularities. Ir￿uding fraud is detalled below. Bawj ￿ our undeTStaThthThJ of Ihe Charity and the soctry in il cwates. ￿ thdentifigj Ihg prinupal and regulations that directly affect the linanLYaJ statements to be the Charities Ad. Companies AfA. and Employment Act. We assessed the extent ol ￿mp￿.arIce ￿th t1￿ laws aNI regL￿at￿n5 as part of our Procedures on tho related finartI￿ statement In addition. the Chaftty i8 suts'ect to many Olher laws aThJ regulations vthere the cons&wences ol rnnrfompliance could have a rnater1￿ effect on amounts or dsscbsures in the fin￿￿1￿ slalements. lor instance through the imposition ol lines or liligalion. There is a limiiation to areas most lthdy to have s￿h an effecl. Audrf(ing standards lirnit the required audit procedures lo KJentify non-￿M￿l￿￿e with these laws arbj regulalion5 to enryiry ol the Trustggs and other management ancl InsF*￿ie￿ ol regulatory ar*J legal c0rres￿nde￿e rf any. Audit procedures perfomed by the engagement team inchKled'. Erquiry ol management, those charged govemance arwThY actu￿ arKI wential I'l*J￿iOn and claims. Erquiry ol entity staff lo Nlenlity afty irsianees of non-0)M￿lance wilh laws arnj regulations.. Revtewing rninutes ol meetings ol those charged wth ￿Veman￿.. Reviewing financ4￿ statement disclosures arKI testing lo supportiry 0￿mentatiOn to assess ￿mpliance applicable laws and regulaiitins. Pertorming audTt work over the risk ol managemgnl ovgrrK19 of ￿￿trol$. inclL#Jing testing ol joumal entries and Ot￿r adjustments lor ar4y0priate￿s$. evaluating the business rationale ol sgnrfi¢ant transactions ¢JJts*Je ihe norm￿ course ol txjsiness arnl revieing acc¢)untirYJ estimates for bRs. Page 7 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INDEPENDENT AUDITOR'S REPORT Because of ltrÉ Inhe￿nI limitali¢y￿ crf an au¢Jit, Ihwe s a nth thal we will not delec4 al irregularibes, irKluding those leading to a fflateri￿ misstaieMe￿ in the finarrial slatements OT non-com￿la￿e with regulatKsn. This ITsk increases the more that comF￿lanCe with a lawoT regulation is removed Irorn the events aTrJ transactions reflected inlhe linancial statemenls, as w￿￿11 less likety to become aware of instances of n￿-(x)m￿IarÈè. The risk i8 also greater regar¢Jing irregularities occurring due to liaud lather than error. as fraud invthes ￿￿entional ￿r￿alMent, forgery. comusion, omission or misrepresentation. A further des¢￿p￿On of our res[￿St￿li11eS is aw￿lable on Ihe FRC'S tAthite al: kj ditorsl forThis description form5 part of wr auditorfs reForL Use of our report This report is made solety to the charilatAe companls membws. as a in a￿rdance wlh Chapter 3 01 Part 18 of thè Companies Act 201%. Our audit work has l*en ￿l￿rtaken so that we mTrJhl stale to thè charitable companys members those rn￿te￿ we a￿ required io stsle to thwn in an auditcKs re￿￿ and no other purpose. To thè fulle51 exlent permitted by law. we do not accept or assume resFonsitylty to anyone other than the charitable cempany and the charitable companls members as a body, for wr audrt wcffk, for Ihis rep)rt. or for the opinions we have fomed. CavAey Priory S(yJth Pallant Chichester West Sussex PO19 1SY Geoffrey cIHonsl FC& SenK)r Statthory For and on behaw ol Blue Spire ￿Mrted, S&ituiory A Date 2013 Page 8 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STATEMENT OF FINANCIAL ACTMTIES IINCLUOING INCOME AND EXPENDilliRE ACCOUNTI 3022 2011 T•tsi Fund6 Fund5 FundB INCOME AND ENDOWMETrITS FROM: DLwtioThs and *fJes 354,5B4 ,483 201531 Cthtrrty8ty adMti¢s Av￿lL￿S. 8311 ori*rfundr*sww q¥•n15 Other inccone 1fA),897 1￿.897 56,686 22.913 167,308 39,415 39.513 9.893 13.020 Charilatqe ac￿￿05 Flight payff*nts C£￿IraCled seThce& 1Tr).743 1(￿,743 6,706 72.695 Inv8sm8nts 20.071 20.071 12.139 Other 525 5T. Tt)tsl $58.420 372.60¢ 931.024 611.318 EXPENDITURE ON.. Ratsing fuThd Directfvndr8%8in9 WSIS Indire¢tfundrai5iny(tssts Management and supwt 149.9)2 43.gf6 56.113 ZOS.615 186.287 14.696 30.332 54.532 charitsb￿ activil*S rC￿ft OPÈraliun an¢J Iwe Manty8rnant and suppNt 224. 228.269 138.294 177,855 181.697 46.572 Tolal w•sourc•s exprnded 653.701 102.685 756.3B6 $47,464 NDt incom•ll•*p•n¢liturel 1952811 .919 174.538 63.854 TRANSFERS &ass tranSle￿ betseen fuThYs 225K* M•t mov•m•rrt In funds 172.7811 247.419 174,638 63,854 RECONCILIAYION OF FUNDS Total funds forwawd 15 551.917 2.579 1.354.496 1.290,642 T•i*l fund6 tarrfjqd iovvArd 15 479.136 1.049.99 1,529,134 1,354,496 Pag• 9 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 BALANCE SHEEf AS AT 310ECEMBER 2022 . FIXED ASSETS Aitwaft in tonstruc*)n and *r¢rnft FIKJhl sinwMo10 Property Moivlrty ￿U1pm0￿1 and ots)qr a5sqIs Totsl fixed as59ts 10 10 10 10 337.171 24.670 53.649 7.145 5.525 70.011 8.931 422.635 291.357 CLIRRENT ASSETS StsKk5 for res*e Debtors 5.166 25.614 557. 571,184 1.159.764 5.166 68.861 745.fy)0 287,415 1.1C6.442 12 Cash al and in bank Tolal CUVWEntassets CLIIiRENT LIABILITIES Creditors." amounts lalliry due*itNrbone ye 1J 53265 43.303 N•1 ¢urr•nt a¥setsllliat#liti•s1 1.1Cfj.499 1.W.139 Total net assqts 96 THE FUNDS OF THE CHAIIIYY R•sirfthd funds 15 1.049.998 802.579 Unre¥trlthd lund¥ 15 479.136 $51.917 Totsl ¢h•rity fvnd8 1.529.134 1.354.4 Th8 noié8 ori p8QtS 14ts) 21 IDrm wtoflhe5e Awrowed by Iwsi88s and Ihtirb￿. Shona Bo*m8n Auotrjlity Ccffipany number. 08200768 Charity number". 1149629 P•ge10 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 STATEP4lENT OF CASH FLOWS Net tash flowlr(wn tyeralingaGlivit*J Ise? bdowl 452.848 21.n)9 Ca¥h Il¢ywfrom Inv*siing athiti06 Paymonts 10 ar4uire ian9iN• fixAd assqts Prc¢eeds ￿ sale of tsNJlb￿ fwj 8SS8ts Inei ProEeeds on Sale of In￿EMents Int•resl receNod N•t ¢•8h Ilow Ir•m investlry J¢tlvliles 10 1189.1501 114.6331 47.5>) 20,071 12.139 1169.0791 45.036 Npt 1ncrgaWd•¢Tra￿l ¢ash and ¢48h•qul¥al••ts 283,769 .745 Cash and cash equi¥alenls at 1 Januwy 287.415 220.670 Cash and Lash •quivalwi$ 1131 D*¢omb8r 571,184 287.415 Co&h and Cssh qquivalents cons15t of.. Cash ai and in hand Cash and Lash •qul¥*dnts at 31 D•c4mb• 571,184 571,184 287,415 287,415 2021 Nei IrKc•re lor 174.638 63,B54 justed for. iec*Yatle Depyecwbw and wnpahThentoft3ryth *YeJJ assets Lossllryofitlon fv ￿¢01 i•igi14e fixed 8888ts De¢ro8sellin¢reasel ￿ St￿kS Decrea5qllincr•as•l in dgbtors Decwsellin¢tyasel Al kJ8n$ re¢8hJ8 IrKr6asel(d8U88881 in ¢rndito 120.0711 57.872 112,13YI 39287 138,9871 10 43.247 187.X 19.196 278.210 142.1451 452.818 21.709 AnIty￿S of ¢hang•s In nqt dobt 2022 •$h and ¢uh 2021 •sh and To￿1 rtet debt bwlftywd Cash ficw45 T¢tsi netOEbtc*ThW fowo 287,415 283.769 571.184 220.670 66,745 287,415 Page 11 AEROBILITY FINANCIAL STATEMENTS FOR THE Y&4R ENDED 31 DECEMBER 2022 ACCOUMTING POLICIES GENERAL INFORMAnON, SCOPE AND BASIS OF THE FW4APICiAL STATEMEFirs Aerobility is an Inco￿orated thai*y. Iwr¥W by In EThj￿ryJ thtr *umb8r 082￿760. In Th 8¥8ni of chaiily being tsp. the liiblity in r•spect ol warant•• liThthd lo t10 pw merr*or d the tha4ty. The address of the Tesislered office ts given Ihe chanty page ortskn rin8rwl sial&Tr￿ls. of the th8f*y's ¢¥W*￿n5 and pmtspal actiwtses are cuuined n the InJ8l￿. rewl. The chwhy constibJté$ a wL*c benefit tnuty as defined ty FRS 102. The finarK4* hève been wepared in a¢wdan¢e wilh Act￿n￿r0 and Reporbng by Charit￿.. Stslenxnl of Recrynmenduj ￿acti￿ to thJrits5 wepanng ￿1r a(X￿nts In accLYdance ith the Fif%9￿)81 St¥darf ar¥&abb& il th8 UK * Reput4* of Ire￿0 in Octhr 2019. Ihe Financkil RePO￿r￿j SL9nd8￿ appIta￿t In tht Unit¢d 8￿j Rekxth of Ire1•￿j IFRS 1021. the Ch8nt*s P*1 2011. the Companies Att 2006 and UK G8waltyAeL*Pt¢d AccL¥JntiTrJ Pffttre. ThE fthnoal statements are on a corw basis un¢Jer c05t ryffl¥ertK)n. to indLKle ￿rta￿l Ilem5 Atf*r v**. The ￿anr)$ ￿e￿*s8t¢ w8sented 15 h fL•X*wJ*l (wentyol th8 rouThJ8d to Ihe wesl t. The Swani￿an1 kx*tS irt the of fvse are sei behx. Trw ￿en coDwslenlly to all years pre5enled unless C4her￿￿ 51aled. INCl￿E RECOGNITION l incom￿9 rfysQurc￿ are ￿￿d￿J in of (WAI 1$ 1o981ty onliw lo aftw any perfrxm8nce conditi￿S have been mel Ihe amurf(¥n be rr*aSV￿d rt*4tty8nd it i8 yobatde tslthe Ire￿ ￿ be recew. For dL￿a￿On$ to be recoJni%ed the chaty ¥AI ha¥9 been of fv arr￿nts thg setdowl date m ¥mtir¥J. If lh￿e are conditrms allached to the dOne￿n thK8 a levd (rt beth can te Obtai￿ iw irtoi)e is defer￿1 unw Ih05e condi￿)n$ are fuly mei (Y lho￿￿k￿ni Of￿ ¢OThJi￿¥s Lskni ¢ty)wiA ￿the Chaiity it is they￿711 be fulf4W. &"fts in kin¢ dorwted w8 81 f* ￿L￿. rtrwm th& expe¢W f)￿8 of s818. w￿re e$iimatsng Ihe la¥ Val￿ is tYaL*¢abie uwi rt£*pt il ¥1 stLx* ¥tyJ.￿IL￿n& fr¢￿ other 8¢tsw￿S'. Up)n sa*. the value of the ￿0¢k is thar9ed ayainS1'lr￿QrnefvCrfn olhertradiry acbth5' kwDceeds are wru5ed a5.1nc0y￿fTr￿n ￿ tra<>ry *lNibes'. and other grants are rets)gt¥sod ai f•r when Ihts tharty h•$ entthmeni after arty pert(xmanc* e(*kntiws havo boen m*, ky0b8￿0 thai tht Income 4wll ￿ rèc¥ved arvj the a￿￿J￿t(aTr be measured Ir entioernenl Tnet then theso amtyjnts 8ré tsfetyed. Inve￿Ment ino)m& kn the fom of interest as the L*8riVs rvjrttt) ret*i¥e pa￿rt is *sts￿l$l*0. EXPENDMJRE RECOGNITK JI txpenditurB is acctyjrtsd for on w acuu*s has beon da5sffj￿d urKler hpadry5 ihal aygro9ate 41 cosls rdalBd lo tho L¥tggory. Ey4)enditure Is re￿I￿Sed **ere there ts a legal io make paynpnts tolhird par￿85. it ts (YobatAe Ihat Ihe setuemenl Support wsts are lfvJstr thal aSs￿t the wrrfk cl ¢*wity thj (*eGty rewesenl thaitab* acbwti25 &id offK4 c05tS, guvernan￿ costs, adrrwnistrdlive payrrll (x>sts. &aff C4NS ha¥e been beh*een rAlSt5 01 rdBing furmls. ￿￿TI￿atrAB activities and govemance costs on the Ws of swt by staff. Supwt c(6ts to ￿rt¢ular ￿adIngS and have been o*aled to eosi of ral$r￿ fun¢6 and exp¥dilfft ts) ¢tWtsble aL#iwiies ￿ 8 ¢4>￿i￿er1 ￿ vse of resources. Supwt O)Sts hèv b88n aiio¢ated t*lween costs of rdi*ng Funds and on the be51 esbmale of use ol those r250LY￿. Staff 03sl5tcse￿er With CEO expe￿•S ar• appr￿ ac£wdW￿ iotimo SF4nt aCti￿ty. Olher genv81 expenses ale a￿¢•11￿ ac¢tydiNJ 10 an esiA))•* dthe Wr¢th￿￿re$(Wr¢ets exk*ThknJ. EMPLOYEE 8ENEFITS the und￿rAiUnted amouThtexr*cted tote pad in fryihaiseThKe. Pag0 12 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ACCOUNTING POUCIES TMAnON •rity L4 an 8X8mN tharity of 3 of Ihe chwI￿ 2011 P85$ the sot out. Para9￿ph 1 Sd￿￿U￿ 6 FinaKe Ad2010 thwefvye it mèe15tr* LK rjj¥¢yati￿IaX purwses. TANG￿LE FIXED A55ETS Flxed assets are stated alcost and ¢JeFqeciatXffl at rate5 Cal￿ed lo*Trte4)ff the c051 Lrfeath a55et o%Er its U5EfvJl e[Y)￿jmK I￿e, ress any estrmai&% iesA#u81 wal￿ as lo1￿". 10% stravJhl Alruali In Aircraft Moblity Equwm** Other Ite￿ 15% ￿ net vak* 20% ￿ nel Ix)ok v J)% rl net Wherè fixed assat5 Vlvre ￿Ved as Wt ol the r￿1 a55ets trar￿￿ from the Di5aW A55oxkn cffj 1 j￿ary 2013. Tht ' remainin9 ￿¥t of the 8ssetso¥v thwrvse￿l The Chaty SpeUthyaY8r￿ IHJhiaY¢raftaTrJ nKW •Jsb) 855* L￿4￿1h¢s￿r￿8ft aTrY fv dew.a1￿ these assets are alW1￿ 8$ • ¢h•ri18b￿oxp￿$t. It•ms ofGavtal equiprf are rapl*wdthe w￿r￿aSe gx(*eds£l.( STOCKS FIJR RESEALE Slocks are S&L¢d ai the cos1 esbft¥tsd sokYJ ￿$$ co48 ty 881. Cost 6 ¢*¥Wed the fiN.in. first-oth fomwii. DEÈTORS ¢AÉfMTORS RECEIVIBLEIPAYABLE YITfHIN OME YEAR tkbtrn and ¢re¢tioTr wlh r￿ stated Inte￿$1 rate recew8t* ty pByoWe we 01 tr￿¢1￿ wce. 109ses arisiw from imp•rff*ni we 6xponddufe. CASH ANO CASH EQUIVALEMTS Cash and e4$h eouN4ents CLVllWiSe cash and c￿1 L*p05rt5. aTrJ ob)er short-lerni h¥j￿ 14uvJ wwe51mErts thal *? readi ts)nv*bt4t ltsa amount rA cash and arp sutrpci to an ingr4fKam nskof thar￿e in valuE. FUND ACCOUNTING Restr¢W ftsnds Re5tricied fvnds ar8 fun(* are ￿ t* in ￿uarte Wnb resirKkn by ¢kn)LXS tywhi(* have been taised ty th8 ch8rily kn W1ityJlar W￿$*$. The D*t ol rai5iry *d admin&wry 5Lth ￿nts Cha￿ 4aih51 Ihe fiNvJ. The *m ana use cl h restrthd knd 15 5etrArtin Ihenote 15 ollhe5e ￿terne￿ts. Un￿StricteLl lunL15 not been desgnaw l(Y other kxwes. GOING CONCERN Iwstees ha¥e cwdetyd fv ￿81 ol funds Ihe eXp￿"lu￿ for 12 nwlhs authwsity thes8 lknancw ststsfflents. Tho WJ6ted inc¢** and exp*thve 1$ sufvieni ￿ Uiekvd of rès6r*$ ¢harityto b8 atle 10 tc1)tin￿ as gciw Gontem. P#ge 13 AEROBILITY FINANCIAL STATEMENTS FOR THE YE4R ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 2022 Tolal Funds 2DZ1 Totsi FundG Unr•stFiCtod R•slricted Fvr￿S UnrestriGknJ Restriclod Funds Fund5 Donalion6 Gfft Abj rodairr*d L8gao8S Twstand cowate L*)natir Swnsrmsh Re9ul¥9wg 10 18.9T8 ¥2 22.622 492 553 145.7J6 26.120 12.607 205.893 340.694 12.380 .4Y) 94.￿1 31.282 35.796 130.697 31.282 17,438 202,531 12.607 163.091 39.440 2. Income fromothertrading actl¥611o* 2023 Total 1021 TDtal Funds Fyttrts F￿d* Funds A*iators' ¥all S￿nS0r8d partW81i Raffl85 Mer¢har**5e Other fundrai*r4 Mi¢om& Saltss Of*i￿ant 160.897 58.6e6 1.243 1PAI.897 58,6 1.243 187.J) 39.415 18T.3( 39.415 13.151 13.OXI 19.787 23,953 23.953 242,4 266.336 266.336 3. Incom• from charila￿• a¢b¥ib•s Total Funds Unr•strlct•d Restrklpd Fthids FuThds Totsl Funds Fwids Funds Flwhl paythwts IW.743 l(K).743 1Tr).743 l(X).743 73.492 73.492 797 797} 72.695 72.69S O¢hBr 6.706 6.706 $69 569 102.449 107.449 74.(61 17971 73.264 Page 14 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 4. Ir*om• Ir•m In¥oSth*nts T4)t•l Furbtts U•rn8tri#•d R•*wi¢t•d Fund5 Funds Total Funds Funts Funds 8nk *)ieiest r￿￿Ved Loan intaresi 23 12.116 18. 20.071 18. 20.071 12.116 12.139 5. Other In¢on 2022 2Q21 Total Furnls Funds Futhds lJl*rin¢))me Gain fyi sale olfixed a5sots COVID-19 grants 38.9B7 18.061 57.(P18 38.987 18.(￿1 57.048 25 525 2022 Toial Funds Ralslr19 ehar6tsbl• Total Direct run¢*awng eXp￿ditlye énLlse cost Cost of aiuaft 8nd SC4d i￿￿e￿ h1ndra￿ing C￿t5 Crediiewd ¢rAlecbon fee5 Aircrnft oper81ing ar￿ hwo Aircraft depreciat￿￿ r Resources expeTrJed Z03.776 SJ3.776 186.2 186.260 27 27 42.7B5 1.121 42.785 13.675 1.021 13.675 1.021 107.758 183,331 183.331 40.733 473.585 107.758 249.521 224.C64 2W.983 138.294 339.2T7 CEO remur*8lw)n Operaknns direct¢r Acitr4￿@s Offic*r Virtua1 S8N¢*s M¢n8g WIS manager Ice •id financial a4rninistr*￿ Eryyloyer's jtssurarte Ewbyer's pen%r Premtsos costs 8Llldiry depreuatiorb General offKo OXP•ISOS DePrec￿tIOn 17.171 57.237 13289 31.c￿? 37.181 13.740 44296 37,181 33.7411 24. 13,r24 13.724 5.428 29.105 5.949 3.778 16.851 6.223 r2.310 TT8 4.016 5.428 29.105 8,498 5.397 21,064 7,779 27.907 972 4.639 1,920 261 208,187 s2.￿7 52. 2,978 2.291 2.$19 1.619 4.213 7.637 25.498 16.362 3.272 7.185 156 1.488 1,4n 13.415 51.532 13. 32.703 718 6.739 4.4 23.495 262.W1 194 623 frxperffjfjs AwJitor and 8x￿￿tr fe8$ 5.251 10.rAo 228.269 Total 9JP[*￿ Costs .332 177.855 res￿rCeS exp8Thled 452.113 756.386 231.315 316.149 $47,464 Reslrfcts¢ fvnds UNestrthed tund5 .113 247.940 46,572 405.781 102.685 6￿.701 -. 756.386 2,646 Y4,818 547.464 231,315 313.503 231.315 Thiir Ptye 15 AEROBILITY FINANCIAL STATEMENTS FOR THE YWI ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 7. Ind•pendoftt 4udliof6 and •*4ftth•tsfws 2021 Total Funds Totsi FI￿d5 Vnr•8tri¢iad Funds F￿￿5 Funds FurbdF Audit Examination Other 5•rvk*s 4.7x1 (3a)I 4.7￿* 13101 1.gzo 936 1.920 936 8. WaB•s tsilary cotst 2021 Totsl Funts To Fund& 276.019 23.OT3 7.636 .728 195.024 13.06T 5,570 213.661 EMPb￿rS insurm c05t5 Empby8rfs p8nskn) contribu￿8 2021 Staff Nmber 10 Anatysed a$.. P8rt bmo Full lThe 10 10 Durin9 Ihe y•ar und•r r4¥iew (2021.. erroyrnl r•c•N*J b￿0￿*5 1*xd￿ L¥J5151 aL £60,Q(K). During the year under re¥*w I 12021." 11 nRmber Lrf tharivs S￿tt. vjentified as key marwJpw*nl perAonr*l. rKw¥ed Em￿￿ye2 bpDBfrfs lindusive ol sèknry. seDJnty peThSh￿ totalwo £59.526 12021.. £46.1331. hi Ihe ¢thmparab¥e year expenses of £nil Aerobility operatss a C0ntn￿t￿￿ ws*in sd*mÈ ils *TrrAoy@Ès. the in the arr*Junted ta £7.836 12021.. £5.570lwith £2.15712D21' £1.4891 r8y8tAe #the baWK* $1*81 dat&. 9. R•l*ted partyknnsaGiionb None of the Wvstees any the reviBy. P+) bu51*5 rewntroj￿ •yws8$ ihe under reYKThv. Pago 16 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 10. Tahgibh a¥sets Aw¢r4ft in . Flight and airuaft slmuL3tor& M•bility 94uipmonl Tolal ost BrwJhl foY•A Addihons Di5w¥* 387.164 166. . 10.79) 163.615 16.721 17.317 595.eA)7 189.150 $53.814 163,615 16,721 17,317 784,757 DepreCiqI￿n Accurnwlgknl trfuuglrt Charye 180.274 11,676 13.431 777 304,250 57,B72 16. 216.643 109. 12,685 14.208 362,122 Nei bcN)k vakJ8 ¢8ThknJ 337.171 24.670 53.649 4,036 3.109 422,635 Net bc¥)k vakn8 brWI fow 5.525 70.011 5.045 3.886 291.357 11. D•btovs 20 Tot Fwds 2021 Total Fuhd$ Trade detytors PrepayTh*n 0thg1 debtor6 10.024 68.801 15.590 25.614 68,861 12. Loan Tot Total Furtd¥ 557.800 745.WO 7.80D 745.C4)0 and The has wowded a knan 10 ￿rOllI￿ Fk4dintys kntylh *) of 1.5% w the Bank r81e. The 08n 1$ repay8￿0 th) Ihtrwril18n ijemand oftr* L*aDly an¢J sevJr•d ty•jeb￿1Ure by Ihe btyWQ**I. rhis loan has t*￿ ryty•ided 10 Aerrt•lty CIC as wiect nwwof PW At4e ￿11 4 VbJi19ni gIHler aircJan for charily's use and hJrth6r yhtsw resale to the ger￿1 wbk ari5r¥ to the tharity to 8UPPOrt the fL¥v*ring ofts 04"kxt5. Page 17 AEROBILITY FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 13. ¢r•dltorn.' am•unts ￿lIT8 dwt*llNn 4)n• y•ar 2022 Total Fund6 2921 Totsi FuTrd8 Trade creditor5 fAh8r AtCTuals Deferred inc4rne (see beknwl er taxaiKJn and $044 $8(wff 19.LY36 2.15T 4.751 Id1.941 12.320 53.26S 4.982 1.481 27.676 6.238 43.303 Carried knyvr 4TS manag￿￿1 Sur4 ftvouthets VAT consuttancy costs Futhi$ir#J evwt irw) (25.rn)I {IlXY)I 12.977 12.9T7 27.676 26.orrtJ 13.265 14.941 Inc4yne rec*W in re18imto rubj￿8(￿M￿NJ tsdelerrtd. *id re*asd to inra>T¢ in lir* wth fy specffied of itsu¥e. 14. Analysls of n•1 assets bDt*Yen lunds 2022 Toial Funds Totsl Futhd$ Funds FurK15 Futhd6 Fuhds YoTrJib* fiA80 8S8818 4rk.635 . 109.786 153.2651 479.136 422.635 1.159.764 {SJ.265 1.529.134 291257 303.863 {43.30J $51.917 291.357 1.106.442 43.J03 1.354.496 1.019.998 2,579 Curr•nt liabil(o•5 1.049.990 802,579 Page 18 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2022 NOTES TO THE FINANCIAL STATEMEt4TS 15. An8lyg19 ￿ i*t M0ven￿ in fun In¢oming r•sourcos lo￿ard Rwtrf¢t•d funtts JLriorAspirir¥J Plky Prcgrary4me NATS m8nagementsurwt euild a dream Schdar5hip fund ircJaft spares knd ProiBcl Aile frJnd AV&g￿n EdurAiwJn Programme IAEPI ISTAT Vwtual Awotrituty Virt￿1 A£iobilrty Equal SkEs Total restrictod 10.414 12.5401 9.127 25.338 YJ.488 25.338 87,778 745.CO) 745. 394 (7.(Wl 193.0391 1&9.717 1(YJ.183 122.5C•JI 73.178 109.163 1.049.996 e02.579 102.685 22.500 LIN•strlGt•d fw Des*3nal•d funds Fixed asset fund 291.357 291.357 260.5 551.917 131.277 131.277 106.7771 22.500 422.634 422,634 56,502 479,136 General fuTrJs Total unresiri¢tEd fund 556.420 558.420 653.701 1653.7011 1.354.496 931.024 (756.386) 1.529.134 Y•ar 31 D4c•rnb•r 2021 C•rritid l￿ward fiyward resources Rutrtcted fvnds JwiorAspiring Pr(yJrdmmE NATS managemAntSur¥A PAJild a dream Schdarship fund rGrafv spwes ProieclAb* Iurxj AVk*i￿n Ethjcation Prroramme W) ISTAT Virtual Aerotsliryl Totsl bjnds 937 12.6461 {3gXII 12S3 22.193 16.126 3.145 21.1 25,338 23,488 13,7441 T45.(£￿) 745.0 7.00) B02.579 784.Y 38.643 12.646 117.6741 Unvestvlcted fund$ Oesvjnated Fixed a￿$ thj 324.554 324.5Y 181.832 133,1971 133.1971 50.871 17.874 291.35T 291,357 260,560 551,917 Genernl T•i•l unr?8trided fvnd$ 572.875 572.675 1544.8181 1544.8181 Tatal funds 1.29).642 611.318 1547.4641 1,354,496 D*scriplioD vf rn*ldct•d fvnd5 FuThts ￿Ne￿ frcth BBC in Need Hart Rolary to provide ￿￿%￿0￿ Furth &wlEd k¥lhE LXfflStr￿l￿￿ ofa airt¥aft. P4•19 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS Sch)18tship Funds i•cgived 10 SUFPYt 4**1gd kn by sub￿￿5r@ th• wst or rws. awaffj*J xlvJl>ships ￿ fy with ¥eK*dity free of￿ent, pffjthjcts servtos It offws. W8 8r8 with partnws au05s tr* to rase the of.w¥Jer5twyknJ of LksaL4ty wr41 a¢c6$5ibdty r(*ans ro O¢sion•t•d fvnd• Flx•dessel flmd 16. FiMnci•l iNJtrum•rts The ca￿1￿9 amounts of the ¢h•tl5 rolrurnerts we a5fths'. 20 Total Fun 2020 Tot•1 Funds Debt Ii*trum8N8 ¢(Ét Tr•Jg dgbtor5 {nots 111 10,024 10,024 68.801 68.801 hn8n¢t81)"aboib•$ Measured Al amorlised cost.. Trnde ¢redittyS lrtoie 121 19.096 19.096 Page 20 AEROBILITY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS 17. Cornp•rnll¥• gl*m•nl•f finarKtsI ac*bv Total Furtds FuBd Fund INCOIIE AND ENDOWAIEMTS FAOII: W"8S 163.091 39.440 202.531 Clher trading actwib¢s A￿stor5. Bal Olhei fundRi&ng events Other incom• 187.308 39.415 39.613 187.308 39,415 39.613 charitab￿ ac&wI￿5 Flighl payr(*nLS 73.492 17971 72.695 569 In¥estynw 12.139 12.139 h8r 57.048 57,048 Totsl 572.675 36.643 611.318 EXPENDITURE ON.. R8i%ingfwds Oired fuftdrtising costs Indirect fundraigng r￿sts M@rwn%rt supr#yt 186287 14.6 186.287 14.696 30.332 Charitat4e a&ivit*s Alrueft0pets￿ hire Man8gerr*nt and $upyi 138.294 175.209 138.294 177.855 Total r•s