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|||||Page|
|---|---|---|---|---|
|Legal and administrative||information|||
|Trustees'<br>Report||||2-3|
|Independent<br>Examiner's||Report|||
|Statement<br>offinancial|activities||||
|Balance sheet|||||
|Notes forming<br>part ofthe||financial|statements|7- 10|





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|TRUSTEES||Mr. D Reeh, BSc(Eng), FRAeS|Mr. D Reeh, BSc(Eng), FRAeS|Mr. D Reeh, BSc(Eng), FRAeS|Mr. D Reeh, BSc(Eng), FRAeS|
|---|---|---|---|---|---|
|||P.J.Tacon, BA, FCIS||||
|||Capt C Spurrier BSc(Eng)||||
|||Mr R Piper BSc||||
|||Sqn Ldr (retd)|A N Goodwyn||MA cfs|
|PRINCIPAL OFFICE||Air Pilots House||||
|||52a Borough|High Street|||
|||London||||
|||SE1 1XN||||
|BANKERS||Barclays Bank pic||||
|||326-328 HlghHolbom||||
|||London||||
|||WC1V 7PE||||
|INVESTMENT ADVISORS||Sarasin &Partners||LLP||
|||Juxon House||||
|||100St Paul's|Churchyard|||
|||London||||
|||EC4M 8BU||||
|CHARITY REGISTRATION NUMBER||236167||||
|INDEPENDENT|EXAMINER|Paul Newman||||
|||Beren House||||
|||East End||||
|||Aynho Road||||
|||Adderbury||||
|||Oxfordshire||||
|||OX173NJ||||





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Notes|6||
|Income and endowments||from||||||
|Donations<br>from Air Charities||Trust||||18,500|24,000|
|Other donations||||||5,306|310|
|Investment<br>income||||||14,363|15,138|
|Total||||||38,169|39,448|
|Expenditure<br>on||||||||
|Grants, scholarships|and donations|||||23,063|10,507|
|Support costs||||||7,945|7,954|
|Management<br>and administration||||||8,192|8,350|
|Total||||||39,200|26,811|
|Net (deficit)/surplus||||||(1,031)|12,637|
|Gain on disposal ofthe participating|||interest|in the property|||750,000|
|Investment<br>revaluation|gains||||8|60,236|3,120|
|Net movement<br>in funds||||||59,205|765,757|
|Balance at 1 October|2020|||||1,951,376|1,185,619|
|Balance at 30September||2021||||2,010,581|1,951,376|



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|||2021|2020|
|---|---|---|---|
||Notes|E|6|
|Fixed assets||||
|Tangible Assets||1,402,029|1,409,565|
|Investments||561,222|452,484|
|||1,963,251|1,862,049|
|Current assets||||
|Debtors||202|188|
|Bank and cash balances||55,831|92,809|
|||56,033|92,997|
|Creditors|10|8,703|3,670|
|Net current assets I(liabilities)||47,330|89,327|
|Tota I net assets||2,010,581|1,951,376|
|Funds||2,010,581|1,951,376|






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|2.|Investment|income|income||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||E||
||Dividends||||||14,363|15,138|
||||||||14,363|15,138|
|3.|Grants, Scholarships||||and Donations||||
||||||||2021f|2020<br>F|
||The amount|payable||in|the year comprises:||||
||Bursaries||||||3,000|3,000|
||Donations||||||7,405|6,528|
||Scholarships||||||12,059||
||Affiliated<br>society||subscrlptions||||487|979|
||Cobham<br>Lecture||expenses||||112||
||||||||23,063|10,507|
|4.|Support costs||||||||
||||||||2021f|2020<br>6|
||Accommodation||costs||||113|142|
||Equipment<br>and computer|||||costs|262|179|
||Travel expenses||||||6|12|
||Trophies<br>and|awards|||||28|41|
||Trustee meetings|||||||43|
||Depreciation||||||7,536|7,537|
||||||||7,945|7,954|
|5.|Management|and administration|||||||
||||||||2021f|2020f|
||Administration|services|||||4,985|4,949|
||Independent|examination||||fees|300|300|
||Accountancy||||||2,400|2,400|
||Telephone<br>and communications||||||160|130|
||Postage,<br>printing||and|stationery|||16|220|
||Professional|committees|||||304|341|
||Bank charges||||||19||
||Sundry expenses||||||8|10|
||||||||8,192|8,350|



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|Tangible Fixed Assets||
|---|---|
||Land &|
||Buildings|
|Cost||
|At 1 October 2020 and at 30||
|September 2021|1,423,804|
|Depreciation||
|At 1 October 2020|14,239|
|Charge for the year|7,536|
|At 30 September 2021|21,775|
|Net Book Value||
|At 30 September 2021|1,402,029|
|At 1 October 2020|1,409,565|



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|Fixed Asset Investments||
|---|---|
||Listed|
|Listed investments|investments|
||F|
|Market value||
|At 1 October 2020|452,484|
|Additions|60,000|
||512,484|
|Revaluation||
|Surplus for the year|48,738|
|Market value||
|At 30 September 2021|561,222|
|At 1 October 2020|452,484|
|Historical cost||
|At 30 September 2021|387,589|
|At 1 October 2020|327,631|



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|Debtors|||||
|---|---|---|---|---|
||2021||2020||
||6||6||
|Debtors||19||19|
|Prepayments||183||169|
|||202||188|





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|Creditors|||||
|---|---|---|---|---|
||||2021|2020|
||||E|E|
|The Honourable|Company|ofAir Pilots|6,003|970|
|Accruals|||2,700|2,700|
||||8,703|3,670|



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