2022-03-31-accounts

				SORP reference	SORP reference
Summary ofthe purposes the charity as set out in ils governing document			of			The organisation's purpose is the promotion ofefficiency in the Armed Forces ofthe Crown by the provision of
						support, facilities and activities forthe
						efficiency and wellbeing ofService
						Personnel
Summary ofthe main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.				Para 1.17and 1.19		The aim ofthe Ayre to Air CIO isto build, maintain and operate a Pitts S2AE aircraft that was bequeathed by the family ofthe late Sgt Anthony Ayre such that Service Personnel and qualifying civilians may be afforded an opportunity to experience aerobatic flight at
						minimum personal cost. As a non-profit
						making organisation, supported by volunteer members ofthe RAF Sport Aircraft Association (RAFSA), the
						maintenance and operating costs are
						kept to the very minimum, thus making the activity ofaerobatic flying accessible tothose who would
						otherwise be unable to participate.
						Aerobatic Flying is a physically and
						mentally demanding activity that undoubtedly "stretches" the individual,
						leading to significant personal and professional flying development.
						Taking it one step further and entering an aerobatic competition brings with it the immeasurable benefits associated
						with sporting activity and competition. In turn, these benefits further enhance
						the individuals' contribution to the
						efficiency ofthe defence ofthe UK.
Statement confirming whether the trustees have had regard to the guidance issued b the Charit				Para	1 18	The guidance issued by the Charity Commission on public benefit was used to assist the Trustees with the Or anisation's lannin ofactivities

You ma choose to	You ma choose to	You ma choose to	include	further statements	further statements	where relevant about:
				SORP reference
				Para	1.38
Policy on	grant making
				Para	1 38
Policy on	social investment
including	program		related
investment
				Para	1.38
Contribution		made	by
volunteers
Other

Achieve	men	ts	and Per	formance
				SORP reference
					The main areas ofachievement during
					the reporting period fall within the
					following 3areas:
Summary ofthe main achievements ofthe charity,				Para 1.20	Aircraft Build & Initial 0 eration: The
identifying the difference the charity's work has made to the circumstances of its beneficiaries and any wider					Spirit ofAyre was bequeathed as a part- finished self-build project. The skill sets ofvolunteers drawn from the RAF Sport Aircraft Association (RAFSA) and
benefits to society as a whole.					external 'friends ofthe project', proved invaluable as the aircraft was slowly
					introduced to its operating environ.
					During this reporting period„a number
					of issues were identiTied, such as
					inadequate avionics in the forward
					cockpit, making it difficult to monitor a
					novice pilot's engine settings and
					actions. The Trustees agreed that an
					electronic engine management system
					should be installed in both cockpits to
					enhance flight safety and improve
					operating efficiencies. The aircraft was
					relocated to Nottingham aerodrome to
					afford greater use given the availability
					oftwo runways. During this time, the
					first beneficiaries ofthe aircraft were
					afforded their initial introductions to

aerobatics. However, a frustrating
engine malfunction proved rather
limiting and a number ofhours or
operation were lost. Most ofthe
reporting period was spent trying to
identify what was causing the engine
issues, and very little flying achieved.
Sourcin and Raisin Finance: Funding
the installation ofan engine
management system was achieved
through a loan to the Charity by AAKOS
Ltd. The Charity was delighted to
receive a generous donation from the
Adrian Swire Charitable Trust and also a
grant from QinetiQ. 50%ofthe loan by
AAKOS was repaid within the reporting
period. A limited income was generated
through flying activities.
Promotion ff En a ement: The profile
ofthe Spirit ofAyre organisation
continued to be raised through the
publication ofstoryboards, brochures,
re orts and the RAFSA website.

Achievements against	Para 1.41
objectives set
Performance offundraising
activities against objectives	Para 1.41
set
Investment performance	Para 1.41
against objectives
Other

Financ	ial Review	ial Review	ial Review	ial Review	ial Review
Review	ofthe charity's						Para 1.21	At the end ofthe period, the Charity had
financial		position		at	the end			recorded a profit of68235. However,
ofthe period								this is slightly misleading as the engine
								fault investigations and rectifications
								had yet to be paid for. Further, 50%of
								the AAKOS loan remained an
								outstanding liability. The Charity
								continues to operate on limited funds
								and tight margins. It would be fair to
								say that at the end ofthe period, the
								financial position was ofconcern given
								the lack offlying; the aircraft must be
								self-fundin throu h fl in activit .
Statement		explaining			the		Para 1.22
policy for		holding		reserves
statin	wh		the	are	held
Amount	ofreserves				held		Para 1.22	Nil
Reasons		for holding			zero		Para 1.22	The Charity does not hold sufficient
reserves								funds to be able to allocate a reserve.
Details	offund materially					in	Para 1.24
deficit
Explanation			ofany				Para 1.23
uncertainties			about the
charity	continuing			as a going
concern

concern
Additional information	(optional)
You ma choose to include further statements			where relevant about:
The charity's principal
sources offunds (Including		Para 1.47
any fundraising)
Investment policy and
objectives including any		Para 1.46
social investment policy
adopted
A description ofthe principal		Para 1.46
risks facing the charity
Other

Description ofcharity's
trusts:
Type of governing document		Constitution
How is the charity	Para 1,25	CIO
constituted?
Trustee selection methods	Para 1.25	Appointed	by the Chairman	in
including details ofany		consultation	with the Trustees.
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees

any person or body entit to appoint one or more trustees	any person or body entit to appoint one or more trustees	led	led
Additional information		(optional)
You ma choose to include further statements				where relevant about:
Policies and	procedures
adopted for the induction			Para 1.51
and training	oftrustees
The charity's	organisational
structure and	any wider		Para 1.51
network with	which the
charity works
Relationship	with any related		Para 1.51
parties
Other

Refere	nce and	nce and	Ad	minis	trative details
Chari	name				A reto Air
Other name		the charit		uses
Re istered		chadit	number		1174164
Charity's	principal		address		C/0 RAF Waddington	Flying School
					RAF Waddington
					Lines
					LN5 9WA