| Page | |||
|---|---|---|---|
| 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 |
| TRUSTEES | Mr D Reeh, | BSc(Eng), FRAeS | BSc(Eng), FRAeS | |
|---|---|---|---|---|
| Mr P JTacon, BA, | FCIS | |||
| Capt C Spurrier, BSc(Eng) | ||||
| Mr R Piper, | BSc | |||
| Capt R BKeegan, | 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 & 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 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | 8 | ||||
| income and endowments | from | ||||
| Donations from Air Charities Trust |
16,500 | 18,500 | |||
| Other donations | 1,113 | 5,306 | |||
| Investment income |
15,535 | 14,363 | |||
| Total | 33,148 | 38,169 | |||
| Expenditure on |
|||||
| Grants, scholarships | and donations | 26,177 | 23,063 | ||
| Support costs | 8,170 | 7,945 | |||
| Management and administration |
8,238 | 8,192 | |||
| Total | 42,585 | 39,200 | |||
| Net deficit | (9,437) | (1,031) | |||
| Investment revaluation |
(losses)/gains | (59,416) | 60,236 | ||
| Net movement in funds |
(68,853) | 59,205 | |||
| Balance at 1 October | 2021 | 2,010,581 | 1,951,376 | ||
| Balance at 30 September | 2022 | 1,941,728 | 2,010,581 |
| 2022 | 2021 | ||
|---|---|---|---|
| Notes | |||
| Fixed assets | |||
| Tangible Assets | 1,394,493 | 1,402,029 | |
| Investments | 501,806 | 561,222 | |
| 1,896,299 | 1,963,251 | ||
| Current assets | |||
| Debtors | 202 | 202 | |
| Bank and cash balances | 67,790 | 55,831 | |
| 67,992 | 56,033 | ||
| Creditors | 10 | 22,563 | 8,703 |
| Net current assets f(liabilities) | 45,429 | 47,330 | |
| Total net assets | 1,941,728 | 2,010,581 | |
| Funds | 1,841,228 | 2,010,881 |
| 2. Investment | income | income | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021f | |||||
| Dividends | 15,535 | 14,363 | ||||
| 15,535 | 14,363 | |||||
| 3. Grants, Scholarships | and Donations | |||||
| 2022f | 2021 F |
|||||
| The amount | payable | in | the year comprises; | |||
| Bursaries | 6,500 | 3,000 | ||||
| Donations | 3,750 | 7,405 | ||||
| Scholarships | 12,392 | 12,059 | ||||
| Affiliated society | subscriptions | 1,576 | 487 | |||
| Cobham Lecture |
expenses | 1,959 | 112 | |||
| 26,177 | 23,063 | |||||
| 4. Support costs | ||||||
| 2022 | 2021f | |||||
| Accommodation | costs | 153 | 113 | |||
| Equipment and computer costs |
353 | 262 | ||||
| Travel expenses | 12 | 6 | ||||
| Trophies and | awards | 24 | 28 | |||
| Trustee meetings | 92 | |||||
| Depreciation | 7,536 | 7,536 | ||||
| 8,170 | 7,945 | |||||
| 5. Management | and administration | |||||
| 2022 | 2021 | |||||
| Administration | services | 5,100 | 4,985 | |||
| Independent | examination | fees | 300 | 300 | ||
| Accountancy | 2,400 | 2,400 | ||||
| Telephone and communications |
6 | 160 | ||||
| Postage, printing |
and | stationery | 152 | 16 | ||
| Professional | committees | 250 | 304 | |||
| Bank charges | 19 | 19 | ||||
| Sundry expenses | 11 | 8 | ||||
| 8,238 | 8,192 |
| Tangible Fixed Assets | |
|---|---|
| Land & | |
| Buildings | |
| Cost | |
| At 1 October 2021 and at 30 | |
| September 2022 |
1,423,804 |
| Depreciation | |
| At 1 October 2021 | 21,775 |
| Charge for the year | 7,536 |
| At 30September 2022 | 29,311 |
| Net Book Value | |
| At 30September 2022 | 1,394,493 |
| At 1 October 2021 | 1,402,029 |
| Fixed Asset Investments | |||
|---|---|---|---|
| Listed | |||
| Listed investments | investments | ||
| Market value | |||
| At 1 October 2021 | 561,222 | ||
| Additions | |||
| 561,222 | |||
| Revaluation | |||
| Deficit for the year | (59,416) | ||
| Market value | |||
| At 30September 2022 | 501,806 | ||
| At 1 October 2021 | 561,222 | ||
| Historical cost | |||
| At 30September 2022 | 387,589 | ||
| At 1 October 2021 | 387,589 | ||
| Debtors | |||
| 2022 | 2021 | ||
| Debtors | 19 | 19 | |
| P repayments | 183 | 183 | |
| 202 | 202 |
| Creditors | |||||
|---|---|---|---|---|---|
| 2022 | 2021f | ||||
| The Honourable | Company | of Air Pilots | 4,151 | 6,003 | |
| Accounts | payable | 9,212 | |||
| Accruals | 9,200 | 2,700 | |||
| 22,563 | 8,703 |