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||ROYALAIRFORCEMICROLIGHT F|
|---|---|
||CONTENTS|
|Pages3to5|Report of the Trustees|
|Page6|StatementofFinancialActivities|
|Page7|Balance Sheet|
|PagesBto13|Notesto theFinancialStatements|
|Paget4|lndependentExaminersReportto theTrustees.|
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|Incorporating income and expenditure|Incorporating income and expenditure|account|||||||
|---|---|---|---|---|---|---|---|---|
|IilCONfiil€RESOURCES||Notes|UnrestrictedDesignated
Funds
Funds
f.E||Restricted
Funds
L||TOTAL
2A2t
E|TOTAL
2020
t|
|Income
and|||||||||
|Endowments|||||||||
|DonationsandLegacies||3a|2T|-||27,2L0|27,23L|43,829|
|Charitable Activities||?k|4,313|8,233|||12,546|10,178|
|Other Trading Activities||3c|||||||
|Investments||3d|9||||9|57|
|Other||3e|||||||
|TOTAL|||||||||
|RESOURCESEXPEI{DED|||||||||
|Expenditure on:|||||||||
|RaisingFunds||4a|||||||
|Charitable Activities||4b|2,348|17,79A||28,427|48,565|41,608|
|Other||4c|||||||
|TOTAL|||2,348|L7,79O||28,427|48,565|41,608|
|NETINCOME/(EXPEI{DITURE)|]
BEFORE||||||||
|INVESTMENTGArNS/(LOSSES)|||||||||
|Net gainsl(losses) on investments|||||||||
|NETINCOI}TEI (EXPENDITURE)|||||||||
|Transfers between funds|||t,1o7|5,280||(6,387)|||
|Transfer ofaircraftcostcentrebalances
at3L{LZ/ZA fromgeneraltodesignated funds|||(45,691)45.691||||||
|NETMOVEMENTINFUNDS|||||||||
|RECONCILIATIONOF FUNDSI|||||||||
|TotalFundsBroughtForward|||292,123|-||23,327|315,450|302,994|
|TOTALFUITDSCARRIED FORWARD|||||||||
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|fixdAssds|NOIE|UnrestrictedDesignated
Fucds
Funds
E
E|UnrestrictedDesignated
Fucds
Funds
E
E|Restricted3l-Dec-zt3!.-Dec-2O
Funds
Total
rstal
E€€|Restricted3l-Dec-zt3!.-Dec-2O
Funds
Total
rstal
E€€|Restricted3l-Dec-zt3!.-Dec-2O
Funds
Total
rstal
E€€|
|---|---|---|---|---|---|---|
|Tangibte assets||||||225,000|
|Current Assets|||||||
|Stocks|||||||
|Debtors|6,||||||
|Cashat bank andin hand|1|31,869|4L,414|L5,723|99,006|101,41.0|
|?otalCurrentA$€ts|||||||
|CrditorelamountsfalNingdue
withinoneyear||7,335||-|7,335|10,960|
|ITETCURREHT ASSETS||24,534|4t,4i4|15,723|81,67\|90,45C|
|?OTAL ASSErSlesscurrent liabilities|||||||
|Creditors:amountsfalling duein|||||||
|morethanoneyear|||||||
|HET ASSETS|||||||
|FundsoftheCIO|||||||
|GeneralFunds||249,534|||249,534|292,t23|
|Designated Fuflds|||4Lit4||47,4L4||
|R.estricted Funds||||15,723|15,723|23,327|
|TotalFunds|||||||
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over3yearsfrom themonththeyarepu|rchased.|||
|---|---|---|---|
|2. TANGIBLEFIXEDASSETS||UnrestrictedDesignatedRestricted
EEf-E|TOTAL|
|EQUIPMENT
CoSt|01-lan-21245,000::245,000|||
|Additions||||
|Disposals||||
|Costat|31-Dec-21|||
|Depreciation
Disposals
Charge
Depreciationat|01-lan-21
31-Dec-21|20,000
:|'o':oo|
|NetBook Value|31-Dec-21|||
|NetBook Value|31-Dec-20|||
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|FOR THE|YEAR ENDED31|DECEMBER|2021|||
|---|---|---|---|---|---|
|3. ANALYSISOFINCOME|Unrestricted
Funds
Lt_f|Designated
Funds|Restricted
Funds|TOTAL
202r.
C|TOTAL
2020
E|
|a)Donations andLegacies||||||
|RAFCFGrant-Kit & Equipment|||3,950|3,950|950|
|RAFCFGrant-OperatinqCosts|||77,7O0|17,70O|17,640|
|RAFCFGrant-NewMember Activities
MFCFGrant-OverseasVisit|||:'u|:"|:oo|
|RAF SFGrant||||||
|Donations|27|||2t||
|HomeforSport Grant|||(z,ogs)|(2,099)|a,+gs|
|RAFMFAELCGrant|||7,264|7,264|2A,954|
|b)CharitableActivities||||||
|AircraftRunningIncome||8,233||8,233|4,233|
|Caachi ng,lTrainingl Pers.Cantributions|)oo|||2-44||
|Kit & Equipment||||||
|OverseasVisit||||||
|Subscriptions&SyndicationFees
Other|+,a-zl|||4,073|s,i+s
2,500|
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|d)Investments|||
|---|---|---|
|BankInterest||57|
||9|57|
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|4. ANALYSISOF EXPENDITURE||||||
|---|---|---|---|---|---|
||Unrestricted
Funds
EET.|Designated
Funds|Restricted
Funds|TOTAL
2021
e.|TOTAL
2020
€|
|a)Raising Funds||||||
|b)CharitableActivities
AircraftRunning Costs||L6,7_24|1,533|18,257|16.685|
|Coaching &Training|||8,599|8,599||
|Kit & Equipment|1,833||6,502|8,335|950|
|OverseasVisit||||||
|OperatingCostsinc. Insurance|515|,r:uu|71,713|13,294|22,827|
|New MemberActivities|||80|BO|40|
|HomeforSport Expenditure|||||279|
|RAFMFA ECLExpenditure
Depreciation|||||:,,|
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|5.DETAILSOFCERTAINTYPESOF|EXPENDITURE|||||
|---|---|---|---|---|---|
|||||TOTAL|TOTAL|
|||||2021|2020|
|||||E|E|
|Independent examiner'sfees
Assuranceservices otherthanauditor|independent examination||||:uo|
|Tax advisoryfees
Other fees(for example:financial advice, consultancy,accountancy services)|||paidtothe|:"||
|independent examiner||||ffi||
|6.DEBTORSANDPREPAYMENTS|Unrestricted
Funds
Ef.|Designated
Funds|Restricted
Funds|Total
31-Dec-21
c|Total
31-Dec-2O|
|Debtors||||||
|Prepayments||||||
|Accrued Income||||||
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|FORTHE YEA|R ENDED31DECEMBER|R ENDED31DECEMBER|2021|2021|2021|
|---|---|---|---|---|---|
|7.CASHATBANKANDINHAND|UnrestrictedDesignated
Funds
Funds
EEfEE||Restricted Total
Total
Funds31-Dec-2131-Dec-2O|||
|Cashatbank and onhand|31,869|4L,4t4|15,7_23|89,006|101,410|
|Other||||||
|Total||||||
|8.CREDITORSANDACCRUALS: AMOUNTS||||||
|FALLINGDUEWITHINONEYEAR|UnrestrictedDesignated
Funds
Funds
EE||Restricted Tota!
Total
Funds31-Dec-213l-Dec-2O
EE|||
|Creditors|5,902||-|5,902|10,060|
|Accrual-Independent Examination|900||_|900||
|Accruals-other|533||-|533|:oo|
|9.CREDITORSANDACCRUALS: AMOUNTS||||||
|FALLINGDUEINMORETHANONEYEAR|UnrestrictedDesignated
Funds
Funds
EE||Restricted
Funds
E|Total
Total
3l-Dec-2131-Dec-20
E||
|Creditors||||||
|Accruals||||||
|10.RESTRICTEDFUNDS||||
|---|---|---|---|
|||CURRENTREPORTING|PERIOD|
||Balance||Balance|
||O1-Jan-21
E|IncomeExpenditure
EEE|Transfers31-Dec-21|
|RAFCentralFund Grants
HomeforSport Grant
RAFMFAELCGrant|3,205
20,127|22,045
22,045
(2,099)
7,264
6,382|lr,iozy
-
(5,280)
15,723|
|||PREVIOUS REPORTING|PERIOD|
||Balance||Ealance|
||Ol-Ian-2O
E|IncomeExpenditure
fEE|Transfers31-Dec-2O|
|RAFCentralFund Grants
HomeforSport Grant
RAFMFAELCGrant|1_"|19,390
3,485
19,390
279
20,954
833|(272)
-
3,206
-
20,12t|
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|11.DESIGNATEDFUNDS||||||
|---|---|---|---|---|---|
|||CURRENT|REPORTING|PERIOD||
||Balance||||Balance|
||O1-Jan-21*
E|Income
t|Expenditure
EE|Transfers|31-Dec-21|
|AircraftG-HMCA
AircraftG-HAEF
AircraftG-HMCE
AircraftG-HMCF
AircraftG-HMCH|15,275
lz,787
10,342
5,293
1,994|2,t22
2,039
714
1,341
2,018|9,465
3,152
986
2,605
L,582|2,354
L,760
417
125
624|
10,286
L3,433
LO,4B7
4,t54
3,054|
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