## ## ## ## |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|||||