Chanty wistratioTr number.. 1189125 LYNEHAM FLYING CLUB TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 VJM Accountancy Ltd The Zinc Building Ventura Park. Broadsh1￿ Wav Carterton Oxfordshire OX18 IAD Lyneham Flying Club Contents Pa9e Tntstees, Reth)rt Independent Examiner's Repjrt Statement of Financial Actsvitie5 stat£￿ent of FinaNcial Position Notes to the Financial Statements 7-10 The following pages do not forni p•rt of the 5totvtory accounts.. Detai￿￿ Statement of Financlal ActIvit￿5 li Lyneham Flying Club Trustees. Report For The Year Ended 28 February 2026 The rrustees present their ￿port an(J the financial ststements for the year ended 28 Febrnary 2026. ObJéctiv¢s and ACti¥S￿e* Aims and ObJertl¥eS The object of the CJO ts the promOt￿n of effIC￿ncY of the Armed Forces of the Crown by the provlsion and support of facilities and activities for the effK¢ency and Y¥ell being of Serv¢ce personnel. The charity Is an Am)ed Force5 Fund. The charity allows HM Forces ￿rsOnnel. alon9 Vlrtb limited numbers of civilian W￿berS and others deemed eligibse for rnembership, an opportunity to obtain flying instruction and recreational flying In light aircraft a5 economically as possible. Membership Is open 10 all ranks, and provi(Jes a chance ro acquire flying skills whilst developing airmanship and promoting an Interest in flying. The charity.. a. Provides facilities that enable members to engage in flying and relate 63,817 59,695 TOTAL ASSETS LESS CURRENT UABILITIES 71,182 61,985 NEf ASSETS 71,182 61,985 FVNDS OF THE CHAR Unrestricted Funds 71.182 61,985 TOTAL FUNDS 12 71,182 61,985 On behall ol the board Mr Davld Hodgso Trusree 18 June 2026 The notes on page$ 7 ro IQ lomi part of these financ*1 st)tements. Page 6 Lyneham Flying Club Notes to the Financial Statements For The Year Ended 28 February 2026 l. General Information Lyneham Flyin9 Club 15 a charitable incorpyated organisatKJn w6tered with the Chanty Comm155ion. registered charity number 1189125. The principal address is The Control Tower, Cotswold Airport, Cirencester. Gloucestershire, GL7 68A. 2. Accountirig Pollcles 2. 1. Bas1$ ol Pr•p*ration of Flnanelal Statements The financial statements have been prepared In accordance wrth the Charities SORP IFRS 1021 "Accounfjng and Reporting by Charities.. Statement of Recomrnended Practi￿ ap￿+Cab* to chantie5 preparing their accourits In ccordance with the Financial Reporting Standard applicable In the UK and Republic of [￿land IFRS 1021 leffertlve I january 20191" Financial RerKJrting standard 102 Yhe Financial Reportsng Standard applicable in the UK and Republic of Lreland" and the Charities Act 2011. The charity is a Public Benefit Entity as defined by FRS 102. 2.2. Incomin9 Resources All income Is recognised In the Statement of FinarKial Attivities once the cha￿ty has entitlement tts the funds, it Is probable ihat the income will be received and the amounr can be meaSU￿d ￿lIablY. 2.3. Resources Expend*d Liabilities are ￿cOgnISed as expenditure as soon as there is a legal or construttive obligatlon Committing the chorlty to that expenditure, It Is protyable tthat a transfer of econrynic tenefiis viill be required In settlement and the amount or the obligation can be measured reliably. Expenditure 15 accounted for on an accruals bas¢s and has been classlfieLI under headlngs that aggregate all ctsst relaied to the category. Where costs cannot be direttiy attributed to particular headin9S they have been allocated to activities on a tsags cons6tent v¥rth the vse ol resourtes. 2,4. T•n9lbl• Flx•d Ass•ts and D•pr•datlon Depreciation Is provided ai the following annual rates In order to wnte off each o55et over its estimated useful Ilfe. 2.5. Stoch and Work In Pro9r•ss Stocks are valued at the ¢ower of cost aThJ net real￿￿e value, after making due alkjwance for ObS￿ete and slow moving Itern5. 3. Incom• from Don•tlon• and L•9acS•s 2026 2025 Unr••trlrt•d Unr•strlct•d funds fvnds Donations and gifts 40 40 4. Incom• from Oth•r Tradlng Actlvltles 2020 202S Unr•stri¢t¢d Unrextrided fvhd• fundi Flying fee5, exams, aThd Subscriptions ELCAS insrructor fees Gift aid L50.984 2.267 3,860 1.508 131.643 2.367 2.B91 1.193 Sundry receipts 158,619 138,094 Page 7 Lyneham Flying Club Notes to the Financial Statements (continued) For The Year Ended 28 February 2026 5. Analysls of Expendltur• 2026 Artivltie5 undertaken dlrectlv Support Costs 15ee note 6} Total Charitable octivities 150,819 150,819 3,720 Suprx)rt costs 3,720 150,819 3.720 154,539 2025 Aetlvltles undertaken dir•rtlv Support costs (see note 61 Total Charitable activit￿$ Support Costs 140,631 140,631 2,590 2,590 140,631 2,590 143,221 6. Support Co#ts 2026 Support Total Premtses expenses Independent exorniner'5 fees Acctsuntoncy and *al fees 1,021 1,020 1,679 1,021 1,020 1,679 3,720 3,720 2025 Support osts Total General adminlstratitsn Governance costs 960 960 1.630 1,630 2,590 2,590 7. Independ¢nt Examlner's Remuneratlon 2026 2025 Independent examination of the financial stat￿ents 1,020 960 e8 Lyneham Flylng Club Note5 to the Financial Statements (continued) For The Year Ended 28 FebNary 2026 8. Tanglble Ass*ts P14nt & Machinery Cost or Valuation As at l March 2025 Revaluation 2.290 5,075 As at 28 February 2026 7,365 Nèt Botsk Valu• As at 28 February 2026 7,365 As at l March 2025 2,290 9. Sto¢ks 2026 2025 Stock 12.876 11.528 10. D•btor* 2026 2025 Du• wlthln on• y•ar Trade debtors 2.162 Bllo 11. Cr•dltor•: Amounts F•lling Dw Wlthin On• Y••r 2026 2025 Trade credltors 4.962 45.635 3,518 47,116 Insrructlon fund 50.797 50,634 12. Mmi¢m*nt In Fund* A$at28 February 2026 As*ti March 2025 G•lns and 1065es Incom• Exper*dltur• Unr•strlrt•d fund5 General.. General fund Scholarship fund 48.812 13.173 158.659 {154.3941 11441 5,076 58.153 13,029 Total unrestrlrted funds 61.985 158.659 1154.5381 5,076 71,182 Total fvnds 61,985 158.6S9 1154,5381 5,076 71,182 Page 9 Lyneham Flying Club Notes to the Financial Statements (continued) For The Year Ended 28 February 2026 Asat28 February A*4rt1 M•rth 2024 In¢om• Expendlture 2025 Unr•strlcted funds General.. General lund Scholèrship fund 48.809 18.263 138.134 IL38,1311 15,0901 48,812 13,173 Total unrtttrlcted funds 67,072 138.134 1143,2211 61.985 Tot•1 lunds 67,072 138,134 1143.22LI 61.985 13. Transa¢tlons wbth Trnste•s None of the trustees received any r•nUnerati￿ or any txhef tenefits from an employment with the charity Dr a relateé entltv durlng the current or previou5 year. No trustee expenses have teen Incurred. 14. R•l•t•d P•rty D+¥do¥ur There have been no related party transèctlon5 In the reportlng perknd that require dtsclosuts. dge 10 Lyneham Flying Club Detailed Statement of Financial Activities For The Year Ended 28 February 2026 2026 2025 Total funds Total fund$ INCOME AND ENDOWMENTS FROM: Donations and lega¢i¢s Donations 40 40 40 oth•r tr•dlng •¢tlvltl•s Flying fees, exams, and subscriptbons ELCAS Gift aid Sundry recelpts 150.984 2,267 3.860 1,508 131,643 2,367 2.891 1,193 158.619 138,094 158,659 138,134 Charltabl• Artlvfjtl￿". Charltable artiviti•S rcraft hlre rcraft fuel rtraft parking Annual movemenr coThtyart 163.6931 150.1481 16,5801 19.3391 13341 15.0521 11.3201 1330) 12,2671 11441 19,5651 14881 11,5591 154,4461 145,0851 16,1601 17,7171 3341 15,0351 12.4001 1691 12,3671 15.090} 110.6221 14641 18421 Ops offiee and travel Building and equipment mainteThonce Cabin hire Miscellaneous paymenrs Instructor fee5.. ELCAS Flylng fees.. scholarship fund Insurance CAA and AQPA Telephone and Internet 1150,8191 II40,63II Support ¢o#ts Light and heat Independent examlner's fees Accountancy and legal fees 11.0211 11.0201 11,6791 19601 11,6311 13,7201 12,5911 1154,5381 143.2211 NET INcoMe/iEXPENDITURE) 4,121 15,0871 Page 11