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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 of|the|financial statements|7-10|





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|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<br>& 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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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes||8|
|income and endowments||from||||
|Donations<br>from Air Charities Trust||||16,500|18,500|
|Other donations||||1,113|5,306|
|Investment<br>income||||15,535|14,363|
|Total||||33,148|38,169|
|Expenditure<br>on||||||
|Grants, scholarships|and donations|||26,177|23,063|
|Support costs||||8,170|7,945|
|Management<br>and administration||||8,238|8,192|
|Total||||42,585|39,200|
|Net deficit||||(9,437)|(1,031)|
|Investment<br>revaluation|(losses)/gains|||(59,416)|60,236|
|Net movement<br>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|



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|||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|






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|2. Investment|income|income|||||
|---|---|---|---|---|---|---|
||||||2022|2021f|
|Dividends|||||15,535|14,363|
||||||15,535|14,363|
|3. Grants, Scholarships||||and Donations|||
||||||2022f|2021<br>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<br>Lecture||expenses|||1,959|112|
||||||26,177|23,063|
|4. Support costs|||||||
||||||2022|2021f|
|Accommodation||costs|||153|113|
|Equipment<br>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<br>and communications|||||6|160|
|Postage,<br>printing||and|stationery||152|16|
|Professional|committees||||250|304|
|Bank charges|||||19|19|
|Sundry expenses|||||11|8|
||||||8,238|8,192|



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|Tangible Fixed Assets||
|---|---|
||Land &|
||Buildings|
|Cost||
|At 1 October 2021 and at 30||
|September<br>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|



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|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|



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|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|



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