## Brize Norton Flying Club Unaudited Financial Statements Year Ended: 28 February 2023 VJH Accountancy Ltd Chartered Certified Accountant The Zinc Building Ventura Park Broadshires Way Carterton Oxfordshire OX18 1AD Brize Norton Flying Club Contents Page of Unaudited Financial Statements Year Ended: 28 February 2023 |Contents|Page| |---|---| |Trustees Annual Report|3| |Independent Examiner's Report to the Trustees|6| |Receipts & Payments Account|7| |Statement of Assets & Liabilities|8| Page 2 ## Brize Norton Flying Club Trustees Annual Report ## Year Ended: 28 February 2023 The trustee has pleasure in presenting her annual report together with the unaudited financial statements of the RAF Brize Norton Service Funds: Brize Norton Flying Club for the year ended 28 February 2023 ## Reference and Administrative Details The Brize Norton Flying Club is an excepted charitable services fund of the Armed Forces which was granted full charitable status on 22 June 2018 under Charity Registration Number 1178894 and aims to give a broader awareness of aviation to RAF Brize Norton personnel and inspire air mindedness. ## Governing Document, Trustees and Principal Officers The Brize Norton Flying Club is governed by its own Constitution (December 2015 Edition), adopted 16 April 2018 as amended on 12 June 2018, and the Principal Officers who administer the Fund which is financed by contributions from both service and civilian members and applied at the discretion of the charity’s Trustees. The Officers of the Fund are as follows:- Officer in Charge: Sqd Ldr Stu Coffey Treasurer: John Stephens Secretary: Fg Off Jack Jarvis Trustees: Stu Coffey, Mike Westwood and John Stephens Principal Office RAF Brize Norton Carterton Oxfordshire OX18 3LX Independent Examiner A Churchill Stone FCA DChA VJH Accountancy Ltd, Chartered Accountants Page 3 ## Brize Norton Flying Club Trustees’ Annual Report (continued) Year Ended: 28 February 2023 ## Objectives and Activities The charity’s main objective is the promotion of the efficiency of the Armed Forces of the Crown by the provision of and support to facilities to give service men and women, regardless of rank or trade, the opportunity of learning to fly at the lowest possible cost which is achieved by enabling members to gain and maintain a private pilot’s licence, undertake further training such as IMC and night ratings and have pleasure flying. ## Achievements and Performance During the year under review the fund made a surplus. This suplus was added to the distributable funds brought forward from the year ended 28 February 2022, giving a total of £30,869 distributable funds to be carried forward to be used as directed by the members’ in future general meeting. ## Financial Review and Reserves Policy Charitable free reserves are defined as income which becomes available to the fund and is to be spent at the trustee’s discretion in furtherance of any of the charity’s objectives but which is not yet spent, committed or designated. The free reserves of the fund are represented by the accumulation of cash reserves from the surpluses of receipts over payments in both the current and past financial years. The fund can thus retain the majority of the free reserves for the purpose of financing future charitable objectives. The level of free reserves is reviewed regularly by the trustees and the charity’s reserves policy is to maintain accumulated funds at a sufficient level to meet current expenditure levels. Page 4 ## Brize Norton Flying Club Trustees’ Annual Report (continued) Year Ended: 28 February 2023 ## Responsibilities and Basis of Report Trustees of excepted charitable funds have the same responsibilities of those of any registered charity The trustees are responsible for preparing the Trustee Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements the trustees are required to:- - Select suitable accounting policies and then apply them consistently; - Observe the methods and principles in the Charities SORP; - Make judgements and estimates that are reasonable and prudent; - State whether applicable accounting standards have been followed, subject to any material - departures disclosed and explained in the financial statements; and - Prepare the financial statements on the going concern basis unless it is inappropriate - to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Trustees: …………………………………... Sqd Ldr Stu Coffey Trustee 27th November 2023 Page 5 ## Brize Norton Flying Club Independent Examiner’s Report to the Trustees Year Ended: 28 February 2023 I report on the financial statements of the charity for the year ended 28 February 2023 set out on pages 7 to 9. ## Responsibilities and Basis of Report As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act. ## Independent Examiner’s Statement I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. Accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. The accounts do not accord with those records; or 3. The accounts to not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. …………………………………... A Churchill Stone FCA DChA Independent Examiner VJH Accountancy Ltd The Zinc Building, Broadshires Way Carterton, Oxfordshire OX18 1AD 27th November 2023 Page 6 ## Brize Norton Flying Club Receipts & Payments Account Year Ended: 28 February 2023 |Note
Receipts
Flying Fees and Subscriptions
RAFFCA - JRPSS
SIF Correction
Excel
Summup Payments Ltd
DBS
Transfer from Service
Interest
Avgas
Exam charges
Maps
Admin
Log books
License
HMRC
Flight Instructor
Payments
Hire of Aircraft
Fuel and Landing Fees
Secretary Fees
Flying Instructor Fees
Flying Fees Refunded
Subscriptions
Training Fees
AGM Expenses
Insurance
Telephone and Internet
Repairs and Maintenance
Administration
Purchase of Flying Equipment
MOD DBS Finance Receipt
Aviation services
Printing, Potage and Stationery
Sundry Expenses
Runway and Parking Facilities
Acccountancy
Angl
DTO Charge
Pooleys
Bowsar MTCE
Total Payments
(Deficit)/Surplus for the Year
Balance Brought Forward
Balance carried forward|190,548
2,813
-
-
-
-
7,510
98
3,248
2,425
537
90
75
316
22
81
-
207,762
83,970
52,861
3,434
6,800
-
1,664
1,428
-
798
1,131
893
62
536
-
13,781
304
-
103
1,722
4,650
140
952
1,680
176,909
30,853
79,787
110,640
2023
202|81,687
1,709
49,106
1,226
1,818
8,000
10,143
-
-
-
-
-
-
-
-
-
2| |---|---|---| |||153,689
54,398
9,895
8,750
1,473
167
1,873
781
81
557
1,143
910
625
616
2,320
2,430
70
2,413
910
-
-
-
-
-| |||89,412
64,277
15,510
79,787| Page 7 ## Brize Norton Flying Club Statement of Assets & Liabilities Year Ended: 28 February 2023 |Cash and Bank balances
Bank Account
Subs account
ELCAS
Other assets and liabilities
Office, training and computer equipment
Aircraft Hanger
Fuel Bowsers
Other Storage Equipment
Stock of fuel
Liabilities|2023
43,213
36,048
31,379
110,640
10,000
50,000
30,000
2,205
3,000
33,000|2022
79,787| |---|---|---| |||79,787| |||| These accounts were approved by the Trustees on 27th November 2023 and signed on their behalf by: …………………… Sqd Ldr Stu Coffey Commanding Officer Page 8