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|Legal and administrative||information||
|Trustees'
Report|||2-3|
|Independent
Examiner's||Report||
|Statement
offinancial|activities|||
|Balance sheet||||
|Notes forming
part of|the|financial statements|7-10|
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|TRUSTEES|||Mr. D Reeh,
P.J.Tacon,|BSc(Eng), FRAeS
BA, FCIS|BSc(Eng), FRAeS
BA, FCIS|
|---|---|---|---|---|---|
||||Capt C Spurrier BSc(Eng)|||
||||Mr R Piper BSc|||
||||Captain J P|Towell|FRAeS|
|PRINCIPAL OFFICE|||Air Pilots House|||
||||52a Borough|High|Street|
||||London|||
||||SE1 1XN|||
|BANKERS|||Barclays Bank pic|||
||||326-328 HlghHolborn|||
||||London|||
||||WC1V 7PE|||
|INVESTMENT|ADVISORS||Sarasin 8 Partners||LLP|
||||Juxon House|||
||||100St Paul's|Churchyard||
||||London|||
||||EC4M SBU|||
|CHARITY REGISTRATION||NUMBER|236167|||
|INDEPENDENT|EXAMINER||Paul Newman|||
||||Beren House|||
||||East End|||
||||Aynho Road|||
||||Adderbury|||
||||Oxfordshire|||
||||OX173NJ|||
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|||||Notes|2020
f|2019
f|
|---|---|---|---|---|---|---|
|Income and endowments|from||||||
|Donations
from Air Charities|Trust||||24,000|39,000|
|Other donations|||||310|275|
|Investment
income|||||15,138|14,525|
|Total|||||39,448|53,800|
|Expenditure
on|||||||
|Grants, scholarships
and donations||||3|10,507|17,459|
|Support costs||||4|7,954|8,291|
|Management
and administration||||5|8,350|9,155|
|Total|||||26,811|34,985|
|Net surplus|||||12,637|18,895|
|Gain on disposal ofthe participating||interest|in the property||750,000||
|Investment
revaluation
gains||||8|3,120|16,257|
|Net movement
in funds|||||765,757|35,152|
|Balance at 1 October 2019
Balance at 30September 2020|||||1,185,619
1,951,376|1,150,467
1,185,619|
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|||2020|2019|
|---|---|---|---|
||Notes|E|E|
|Fixed assets||||
|Tangible Assets||1,409,565|1,412,528|
|Investments||452,484|1,149,364|
|||1,862,049|2,561,892|
|Current assets||||
|Debtors||188|1,166|
|Bank and cash balances||92,809|8,091|
|||92,997|9,257|
|Creditors|10|3,670|185,530|
|Net current assets I(liabilities)||89,327|176,273|
|Creditors greater than one year|||1,200,000|
|Total net assets||1,951,376|1,185,619|
|Funds|12|1,951,376|1,185,619|
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|2. Investment
income|||||
|---|---|---|---|---|
||||2020|2019|
||||8|f|
|Interest||||59|
|Dividends|||15,138|14,466|
||||15,138|14,525|
|3. Grants, Scholarships||and Donations|||
||||2020|2019|
||||8|f|
|The amount
payable|in|the year comprises:|||
|Bursaries
Donations
Scholarships
Affiliated society subscriptions
Cobham
Lecture|||3,000
6,528
979|3,000
4,424
6,950
1,520
1,565|
||||10,507|17,459|
|4. Support costs|||||
||||2020f|2019
f|
|Accommodation
costs
Equipment
and computer||costs|142
179|1,324|
|Travel expenses|||12|8|
|Trophies
and awards|||41|200|
|Trustee meetings|||43|57|
|Depreciation|||7,537|6,702|
||||7,954|8,291|
|5. Management
and administration|||||
||||2020|2019|
|||||E|
|Administration
services
Independent
examination||fees|4,949
300|4,799
300|
|Accountancy
Legal & Professional|Fees||2,400|2,400
900|
|Telephone
and communications|||130|90|
|Postage,
printing
and|stationery||220|268|
|Professional
committees|||341|361|
|Bank charges||||15|
|Sundry expenses|||10|22|
||||8,350|9,155|
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|Tangible Fixed Assets|||||
|---|---|---|---|---|
||Land &|Fixtures|Office||
||Buildings|&Fittings
f|Equipment
6|Total
6|
|Cost|||||
|At 1 October 2019|1,419,230|19,283|14,087|1,452,600|
|Additions
Disposals
At 30September 2020|4,574
1,423,804|~79,283|~14,087|4,574
~33,370
1,423,804|
|Depreciation|||||
|At 1 October 2019|6,702|19,283|14,087|40,072|
|Charge for the year
Disposals
At 30September 2020|7,537
14,239|:19,283|~14,087|7,537
~33,370
14,239|
|Net Book Value|||||
|At 30 September 2020|1,409,565|||1,409,565|
|At 1 October 2019|1,412,528|||1,412,528|
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|Fixed Asset Investments||||
|---|---|---|---|
||Participating|Listed||
|Listed investments|Interests|investments|Total|
||6|6|6|
|llilarket value||||
|At 1 October 2019|700,000|449,364|1,149,364|
|Additions||||
|Disposals|~700,000||~700,000|
|||449,364|449,364|
|Revaluation||||
|Surplus for the year||3,120|3,120|
|Market value||||
|At 30September 2020||452,484|452,484|
|At 1 October 2019|700,000|449,364|1,149,364|
|Historical cost||||
|At 30September 2020||327,631|327,631|
|At 1 October 2019|700,000|327,631|1,027,631|
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|9.|Debtors||||||
|---|---|---|---|---|---|---|
|||||2020
E||2019
f|
||Debtors||||19|19|
||Prepayments||||169|1,147|
||||||188|1,166|
|10.|Creditors||||||
|||||2020||2019|
|||||E|||
||The Honourable|Company|of Air Pilots||970|180,330|
||Air Pilots Trust|||||2,500|
||Accruals|||2,700||2,700|
|||||3,670||185,530|
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|C|reditors|greate|r than one year||
|---|---|---|---|---|
|9|Warwick|Court|Limited|1,200,000|
|||||1,200,000|
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