2022-09-30-accounts

Objecti	v	es and	Activitie	s
				SORP reference
Summary		ofthe purposes of		Para 1.17	a) The relief of poverty ofpersons who are	or
the charity as set out			in its		have been engaged professionally as Air Pilots
governing		document			or Air Navigators in Commercial Aviation and
					who are British Subjects by birth or by
					naturafisation or who are Liverymen, Upper
					Freemen or Freemen ofThe Honourable
					Company ofAir Pilots.
					b) The relief of poverty and/or advancement	of
					education ofthe dependants, widows and
					orphans of all such persons as mentioned	in
					(a)-
					c)Insofar as the income and capital ofthe
					charity cannot be applied towards objects (a)
					and (b) above it may be applied in supporting
					charities established wholly for purposes in the
					field ofaviation orfor such charitable purposes
					connected with aviation as the trustees shall
					determine.
Summary activities		ofthe main in relation to those		Para 1.17and 1.19	Regular and occasional grants for the relief of poverty.
purposes		forthe public			Bursary for Flying Instructor development.
benefit,	in particular,		the		Grants for PPL Scholarships via Air Pilots
activities,		projects or	services		Trust.
identified		in the accounts.			Provision ofgliding scholarships for young
					people via the Air Pilots gliding scheme.
					Grants for Air Pilots Schools Gliding Scheme.
Statement		confirming		Para 1.18	In making grants the trustees comply with
whether	the trustees		have		Chapter 1 Part 1 ofthe Charities Act 2011	to
had regard to the guidance					have due regard forthe public benefit guidance
issued by		the Charity			issued by the Charity Commissioners.
Commission on public
benefit

					Requests for assistance are	Requests for assistance are	Requests for assistance are	Requests for assistance are	made through	made through
				Para 1.38	the Almoner		forthe Board to		consider.
Policy on	grant making				Grants	are only given		after a	full
					assessment		ofthe applicant's		needs, such
					grants	and searches sometimes				being
					made	in co-operation		with other
					organisations		with similar objects			as the
					Fund.
				Para 1.38
Policy on	social investment
including	program		related
investment
					AH trustees are unpaid			volunteers.
				Para 1.38
Contribution		made	by
volunteers
Other

chieve	men	ts and Per	formance
			SORP reference
				The fund's main objective is the relief of
				poverty. We have continued to fund
				existing beneficiaries and assisted new
Summary ofthe main achievements ofthe charity,			Para 1.20	cases. As examples, grants to beneficiaries have enabled them to
identifying	the	difference the		continue living at home, contributions to
charity's	work	has made to		energy costs and to fund revatidation of
the circumstances ofits				licences in order to re-enter paid
beneficiaries and any wider				employment. The Trust deed also allows
benefits to society as a				us to assist other charities and charitable
whole.				purposes connected with aviation.
				Trustees consider that offering assistance
				which allows young people from deprived
				areas of Inner London and elsewhere the
				opportunity to fly in a glider promotes their
				self-confidence and takes them out oftheir
				home environment to good effect. The
				educational benefits ofoffering bursaries
				and PPL scholarships are self-evident but
				they also provide opportunities to develop
				self-confidence and social and citizenship
				skills which is of benefit to the wider
				communit inwhichthe live.

Achievements against	Para 1.41
objectives set
Performance offundraising activities against objectives	Para 1.41
set
		Has been broadly satisfactory.
Investment performance	Para 1.41
against objectives
Other

Review ofthe charity's	Review ofthe charity's			Para 1.21	The Fund's investments remain	sound.
financial position at	the	end			The total value ofassets was
ofthe riod					a roximatel E6S2,000
Statement explaining	the			Para 1.22	Trustees consider a prudent level of
policy for holding reserves					reserves to be that which will enable
stating why they are	held				planned expenditure and a reasonable		call
					for unforeseen charitable assistance to		be
					met in the event ofa downturn	in equity
					markets.
Amount ofreserves	held			Para 1.22	F686,000
Reasons for holding	zero			Para 1.22	N/A
reserves
Details offund materially			in	Para 1.24	N/A
deficit
Explanation ofany				Para 1.23	NIA
uncertainties about the
charity continuing as a going
concern
Additional information		(optional}
You ma choose to include			further statements		where relevant about
					Investment income and donations from
					members ofthe Honourable Company		of
The charity's principal sources offunds (including				Para 1.47	Air Pilots and other benefactors Gift Aid where appropriate.	utilising
any fundraising)
					To achieve a balance between	income	and
					capital growth, with a moderate	level of
Investment policy and objectives including any				Para 1.46	risk. The return from the investment portfolio should be at least in line with that
social investment policy					ofthe MSCI WMA Private Investor
adopted					Balanced (TR) index.
					Despite market volatility current	analysis
					does not indicate any serious risks to the
A description ofthe	principal			Para 146	Charity. In the event ofa significant fall		in
risks facing the charity					equity markets it should still be	possible	to
					deliver the primary objectives of the charity.
Other

Description ofcharity's
trusts:
Type ofgoverning document		Para 1.25	Trust Deed
How is the charity		Para 1.25	Unincorporated
constituted?
Trustee selection methods		Para 1.25	Appointment		ofnew	trustees is made by
including details of any			existing trustees with			the approval	ofthe
constitutional provisions	e.g.		Court ofthe	Honourable Company			ofAir
election to post or name	of		Pilots. Appointments			are made from
any person or body entitled			applications	received		following advertising
to appoint one or more			within the Company.			Trustees review such
trustees			applications	with regard to the guidance
			contained in		Charity	Commission	document
			CC30. New	trustees		are issued with the
			documents s		ed	in the Scheme.
Additional information	(optional)
You ma choose to include further statements			where relevant		about:
Policies and procedures adopted for the induchon		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.

Charit	name			Air Pilots Benevolent	Fund
Other name the chari			uses
Re istered chari		number		212952
Charity's	principal	address		c/o The Honourable	Company	ofAir Pilots
				Air Pilots House
				52A Borough High Street
				London SE1 1XN

	Trustee name	Office (ifany)	Dates acted ifnot for whole year	Dates acted ifnot for whole year	Name ofperson (orbody) entitled toappoint trustee a	Name ofperson (orbody) entitled toappoint trustee a	Name ofperson (orbody) entitled toappoint trustee a	(if
	A.J.Keenan	Chairman	From January	23'4	Air Pilots Benevolent		Fund
			2022
2	I.Melia	Treasurer
3	I.Murning	Secretary
4	R, B.Keegan	Chairman	To January 23"2022
	C.McGee
	F.P.Smiddy		To March 24~	2022
	R. Piper
	R.B.Keegan	Master ofthe Company	From 25~ March 2022		Honourable	Company		ofAir
					Pilots
					ExOfficio
9	P.J.Tacon	Clerk to the Company			ExOfficio
10	N.Goodwyn	Master ofthe Company	Until 25~ March 2022		ExOfficio
11	J.Legat	Master Elect	From 25~ March 2022		ExOfficio

Funds held as cust	odia	n tru
Description ofthe assets		None
held in this capacity
Name and objects ofthe
charity on whose behalf	the
assets are held and how	this
falls within the custodian
charity's objects
Details ofarrangements	for	None
safe custody and
segregation ofsuch assets
from the charity's own
assets

Names an	d addresses ofadv	isers (Optional information)
Type of	Name	Address
adviser
Name of	chief executive or names ofsenior staff members		(Optional	information)

							INCOME AND EXPENDITURE ACCOUNT	INCOME AND EXPENDITURE ACCOUNT	INCOME AND EXPENDITURE ACCOUNT
									2022		2021
Income
	rvestrrmnt /acorns:
	Dividends and interest	from	Sarasin	Portfdio from			11Oct21			15,278		20,648
	Dividends and interest	from	QC Portfolio			to3Dec	22			2,044
	Donations:
	HCAP Members									8,851		9,069
	Occasional Donations											0
	Other Livery Companies/Per		Caelum		Lodge					1,800		1,000
	Gilt Aid Tax Refund									0		3,501
	Total Income									27,973
Expenditure
	Charitab/e Activities:
	Benevolence Grants									5,873		5,525
	Other Grants									21,350		10,280
	Charitable Donations									0		1,500
	Bank Charges Board of~ent	Expenses								1,037		87 298
	Independent Examiner's fees									250
	Expend/furs on raising t'unds:
	Management Fees - Sarasin		Portfolio settled in Endowment					Fund		5,282
	Management Fees - Sarasin		Portfolio settled out ofCash Account							97
	Management Fees - QC Portfolio									1,900		6,794
	Total Expenditure									35,8?9		24,T34
Income	Account: Net income before Investment				gains/(losses)					-T,905		9,484
								AIR PILOTS BENEVOLENT		FUND
						ACCOUNTS FOR 12MONTHS ENDED 30SEPTEMBER2022 VS2021
										BALANCE SHEETS
								30	Sepfember 2022		30September	2021
											6
CURRENT ASSETS
	Sarasin/Quilter Cheviot Portfolio:
	Investmsnts									673,473		729,802
	Receivable for Accrued Income											1,284
	Cash held for investment									16,541		43,171
	Total Portfolio									690,014		774,25T
	Debtors - Dunstable GC									100		0
	Cash at bank(CAF Bank)									1,957		4,867
										692,071		779,124
CURRENT UABIUTIES
	Accrual - Audit									250		250
	Accrual - Trustee Expenses									178
	Accrual - ICO Annual fee									0		40
	Accrual - Sarasin Management		Fee							28
	Accrual - APT Flying Instructor		Development			Bursary				5,000
										5,456
NET ASSETS										686,615		778,834
RETAINED FUNDS.
	Balance Brought Forward									778,834		682,031
	Net Income/(Loss) before Investment			Gains/(Losses)						-7,905		9,484
	Portfolio Net Investment	Gains/(Losses)								-84,314		87,319
	Balance Carried Forward									686,615		778,834
	Appmved by the Board		24th			20 3
	Captain Adrian Keen							Chairman
	lan Melia							Treasurer