## ## ## ## ## |||||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|| ## ## ## ##