Hornchurch Aerodrome Historical Trust CIO Un•￿Ilt•d Tn￿let¢ re￿ and fin•ndal ￿at•￿eThts For the year ended 31 Oe(ember 2022 Contents Relerentè and admlnlstratl¥È detsllsofthe tharrty, its tnrtee5 and ath Tn￿te￿$ report Indep*ident Examlnerfs report Stat•nwnt of finamial •rtivit BalaKe Sh•et For theyearended 31 DeCem￿r 2(122 The Rtht Honourable Sir lain Dunc3n Smith MP IrKe Presldent Brendan Finucar* KC Mr T Philpot Ichairmanl Mr T Robetts (Vice Chalrman) Mrj Sklllman rrreasurerl Mrj Donovan Mr D Goklstein Mr P Mannlng MF M Frlel Mr G Clark Rwlslered Charlty nurnb 1182040 Prlndpwl Olfk• 5utton's HOL 119- 121 Suttons Lane Homthurch RM12 6RU IndepÈndent •xan Mr A Currev Natlonal Westmlnster Bank pk 120- 122 Hlgh Street Hornchurch Essex RM12 4UL TYustÈeg report The Tnjstees present thelr annual ￿p)rt t(Wlwwlththe finarxial ststements of the Charlty HonKhurth AerrKlrome Histori(al Tntst CIO theyear l January 2022 to311)Ècèmber 2022. The Charity operates under the name ofthe IIAF Homchurth Heiiiage Cent￿. Oblectl¥es and Atbvrti¢s The objects of the Ch) called HwnchurthAer(xlrome Historlcal Tn￿t are: l. To advance the educatiryb olthe public in the h￿tOry01 Hornthuyth Aeradrome and Its place in the defen¢e of the United Klngdom thr￿ShoUt its operational life by the establishment and maintenance of a herltage ontre 2. To promote the effldew ofthe Amied Fof¢es ol the Crown. a(fvance edUCath￿ and promote 8ood dtlienshlp •mon8Stthe public by commemoraiin8the pllots and pets￿ne1 who served at Homchurch Aerodrome and the local civilians who supported them in suth way5 as the trustees see frt. In plannlftg our objectives for ihÈ year. theTnJstees have ensurÈd they ha￿ tomplled wfth the duty In S.17 of the Charities Act 2011 and kept in mind the Charity Commissirm's ZUKIan￿ on public benefit. To achieve it5 objectives, the Charity operates the RAF Hornthurch Heritage Centre as an educational herita8e site tothe general publlc at weekends and to School and Private Groups durtng the week. The Charity also attends local events wlth a mobile display and ￿SIts khools ILY dedicat￿ presentatlons. Flnally. theTrust seeksto reCogn￿e and commemorate Homthurth Aercthome. rts personnel and Arn*d Forces ofthecrown bythe ￿ganIsatIon of spe¢rfK events suth as art annual Remembran￿ Sei¥i¢e at Herrta8e Centre. The Charlty offk5allyopened the RAF Homdwrth Herlta8e Centre tothe publfic In June 2021 wlth the forn￿1 opening of the Herita8e Centretak¥ng place on the 19, September 2021 by ￿"r Chief Mayshal Sir Michael Graydon GCB CBE. 2022 became the first full yearof opEration during which time the Herilagecentre ￿erVed a total of 2.568 visitors which includéd 15 schools. 13 youth gr(￿p$ and 11 adutt groups. Development of the Heritage Centre a150 continued with the compl￿10n and forn)al openin8 ofthe Amerlcan Room in an outside building which paid homage to the US ￿rny Air Force crews ftying Irom Vlilli￿le. Chlpplng Ongar and the unvellin8 of a new Airf*ld Marker stone dedKated to all units ar￿ per50n31 WI￿ served at Hrynchurth {Suttons Farml Aerodrome byAirfields of Britain Con5er¥ath)n Trust on the Herila8e Centr¥s second annual Bathe of Britain Open day. The Charity was also succe55ful Én securin8extemal funding from the National Lottery Herr(aBe Fund for £8.5(W) and the Robert CharitsbleTrust for QLKXJ which will greatly assist the Heiitage Centre to develop tts web￿te. purchase repllca fmng helmets and unrfom)s for school vlsbts. purchase a replka Sp¥ffiYe cockpit and to prrrtluce a sdKK4 WO￿ book to enhancè our school visit offering. Ftnalty, the Heritage Centre hosted its second annual Rernembts￿e Day in N￿eMber. In summary. 21r22 was a very successfvl year for the ChaTtywhich ha5 continued togofrom strength tostrenBth. The Charity wa5 registered as a Charttsble (trnisatior•on 14 February 2019 and itsgo¥eming document is its constitutio P￿r*InflI The management ofthe U￿rity isthe responsibihty oltheTrustee5 wtrmj areetected and ctropted underthe term5 of the constFlulion. Accoun￿￿ Pthv The Charivs accounting poficy for the preparation of its annual repryt arxl firtancial statsments is on the Accsuals basis in accordance with the SORP to pmvide a true and fair vtrew of the artivities of the tharity. Rlsk Managèment The Trustees have assessed the major Tisks to which the Charity is exposed and are satiSf￿d that systems and procedures are in place to miti8ate its exposure to Ma1￿ ri5k5. The Charws pollcy on resen￿$ ￿ be summari5ed as". l. To rnaintzin an agreed reserve amount as a contingery for emergency requirements in a liquid fomiat for Immediate attÈss. Thls Is currentty set at £5.(m and is maintsined a5 a minimum account balaft￿. 2. To undertake regular review oras may be required of the Charivs reser¥e amount to ensure it is proportionateto the on8oint needs of the CharSty taking it)to consideration but r￿ exdvs1ve￿ weratk)nal reqLtiiements. funding requirements. risk mrt￿all0ft. Worki￿ capital and financial dimate. 3. To allocate specifK feser¥es for 5pecrfK ￿￿0￿Cts or purpD5e5 as may be req￿red to ensure that the on8oln8 operation of the Charity 15 not irrwacted. 4. To regularty monltor and fevlew effeCtl¥e￿Of the Fmilky In the118ht of the ¢han8lr4g fundlng and financial climate and any other assoo*ed rlsk> TheTrustees are responslblt for prepwlngthe Tn￿tee5. iepcrfl and the finandal statements In accordance wlth appllcable law and Unlted KI￿adOM kcountbrKg Stsndard5 (Unrted Kin8dom Generalty Actepted Accountin8 Prartitel. The law applica￿ to thaTitles In England ab)d Wales requiresthe Tn￿te5 tr• prepare finandal statements for each financial year which 8r¥e a true and fairview of the stste of affairs of tl* Charity of the incoming resour￿ and application of resources of the Charity for the period. In prePari￿theSe financial statements, the Trustees are requlred to: • selert sultsble accounting Fdities and then appty them consi5tentfy' observe the methods and principles in the Charities SORP: make jLMIKements and accountin8 e5ts"mate5 that are reasonabbe ar￿ wudenL" prèpare the financial sLitew￿nts cfft the8oryconom basis unless it is inapprowiate to presuine that the O)arity wlll contlnue In operati( The Trustees are responsible lor keeplng proper accounti￿ records that are suffitient to show and explain the Charwstransattlons and dlsclose wtth reasonable accurxy at any Ilme theftnandal [￿ltIOn of the Charity and enable them to ensure thatthe financial 5tstements comply wrth the chaffti.es Act 201L the Charlty (Accounts and Reports) Regulations and the provisions of the trust deed. TheYa￿ a150 responsible for safe8uardir the assets of the Charity and hence for taking reasonable steps forthe prevention of fraud and other Irregul3ritle& This reportwas completed on 13, FebTuary 2023 al￿ was subsequently appr(￿ by the Trustees and has been SIgF￿ on their behalf. Mrj Sklllman ACIB Tre￿￿rer and Trustee Indewmkrt Examlnerfs report Foryear ended 31 De￿Trther 2022 I reportto the (harity Trustees on my examInatic￿ of the accounts ol the fhrlty H(wnchurch Aerodrome Historical Tntst for the year ended 31 D￿fftber 2022. This report is made solely to the Charivs Trustees. as a trK)dy. ift accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2￿8. My work has been yndertaken so that I might state to thè Charit¢s Tnjstees those matters l am required to state to them in an Independeni examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not atrept or assun* rewnslNlity to Jnyone other than the Charltvs Trustees a5 a bo￿, for my work OT for this reFw)rt. R•sponAAlltles and b•sls ot rewt As the Trustees of the tharlty yOLk are respOnsIb￿ forthe preparatkm otthe accounts in accordan￿ wlth the requlrements of the ChantSeskE 20111tr 2011 ACVI. I report respect of my examlnatlon of the Charit¢s Accounts Car￿ out under sectlon 145 of the 2011 Act and in carrying wt my examination I ha¥e followed am the applicable ￿'TedIonS given bythe Charlty Commssion under section 1451SMbl of the 2011 Aa. Ind*penderteyamlnef55tatemert Your attefttion 15 drawn to the fart that Charrty has prepared the attounts in accordance with Accounting and Reporting by Charr¢ies'. Statement of Recomrnended Practice applKable to chorities preparing their a¢¢ounts in accordance with the Financial Reportin8 standard appllcable in the UK and Republic of Ireland IFRS 1021 In preference tothe Attountin8 and Reporting by Charities.. Strten￿t of Rec4)mmeNSed Prartke Issued on l Aprll 2¢X)5 which is TefefTÈd to in the extent regulations but has been withdrawn. l undefstand that thi5 has been done in order for the attounts to pr￿Ade a tn￿ and fair wew in accwrf￿td c¢ntr3rt on suppl¥￿th ends In November 2023. 2021 Number of trusteeSW￿ **re pald expenses Natu￿ ofexpenses Total ￿mO￿t pakl During the year. no Tnts rtcei¥ed any remunerati(m orary berth In kknd. there were tran5acilons with related parties and the￿r￿e ￿ paid emrAoyees or Fvtsion sd*me paymert512021- Nill. 6. Net IncomelExpendfttwe This is stated after chargin 2021 Depredatlon of tanglble fixed assets 1.715 P#*•11 nf 14