| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Trustees' Report |
2-3 | ||
| Independent Examiner's |
Report | ||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes forming part ofthe |
financial statements | 7-10 |
| 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 | |
|---|---|---|---|---|---|
| Mr PJTacon, | BA, FCIS | ||||
| Capt C Spurrier, | BSc(Eng) | ||||
| Mr M JTousey, | BSBA, MBA | ||||
| Capt J P Legat | |||||
| PRINCIPAL OFFICE | Air Pilots House | ||||
| 52a Borough | High Street | ||||
| London | |||||
| SE1 1XN | |||||
| BANKERS | Barclays Bank | pic | |||
| 326-328 HlghHolborn | |||||
| London | |||||
| WC1V7PE | |||||
| 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 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Notes | E | E | ||||
| Income and endowments | from | |||||
| Donations from Air Charities |
Trust | 18,000 | 16,500 | |||
| Other donations | 690 | 1,113 | ||||
| Investment | income | 15,521 | 15,535 | |||
| Total | 34,211 | 33,148 | ||||
| Expenditure | on | |||||
| Grants, scholarships | and donations | 24,245 | 26,177 | |||
| Supportcosts | 8,303 | 8,170 | ||||
| Management | and administration | 8,681 | 8,238 | |||
| Total | 41,229 | 42,585 | ||||
| Net deficit | (7,018) | (9,437) | ||||
| Investment | revaluation | gains/(losses) | 19,766 | (59,416) | ||
| Net movement in funds |
12,748 | (68,853) | ||||
| Balance at | 1 October | 2022 | 1,941,728 | 2,010,581 | ||
| Balance at | 30September | 2023 | 1,954,476 | 1,941,728 |
| 2023 | 2022 | ||
|---|---|---|---|
| Notes | E | K | |
| Fixed assets | |||
| Tangible Assets | 1,392,589 | 1,394,493 | |
| Investments | 521,572 | 501,806 | |
| 1,914,161 | 1,896,299 | ||
| Current assets | |||
| Debtors | 225 | 202 | |
| Bank and cash balances | 54,883 | 67,790 | |
| 55,108 | 67,992 | ||
| Creditors | 10 | 14,793 | 22,563 |
| Net current assets i(liabilities) | 40,315 | 45,429 | |
| Total net assets | 1,954,476 | 1,941,728 | |
| Funds | 1,954,476 | 1,941,728 |
| 2. | Investment income |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | 6 | |||
| Dividends | 15,521 | 15,535 | ||
| 15,521 | 15,535 | |||
| 3. | Grants, Scholarships | and Donations | ||
| 2023 | 2022 | |||
| 6 | 6 | |||
| The amount payable in Bursaries |
the year comprises: | 3,500 | 6,500 | |
| Donations | 3,792 | 3,750 | ||
| Scholarships Affiliated society subscriptions Cobham Lecture expenses |
13,099 1,923 1,931 24,245 |
12,392 1,576 1,959 26,177 |
||
| 4. | Support costs | 2023 | 2022 | |
| E | F | |||
| Accommodation costs |
200 | 153 | ||
| Equipment and computer costs Travel expenses |
381 25 |
353 12 |
||
| Trophies and awards |
14 | 24 | ||
| Trustee meetings Depreciation |
90 7,593 8,303 |
92 7,536 8,170 |
||
| 5. | Management and administration |
|||
| 2023 | 2022 | |||
| 6 | ||||
| Administration services |
5,443 | 5,100 | ||
| Independent examination fees Accountancy Telephone and communications Postage, printing and stationery Professional committees |
300 2,400 60 450 |
300 2,400 6 152 250 |
||
| Bank charges Sundry expenses |
15 13 8,681 |
19 11 8,238 |
| Tangible Fixed Assets | |
|---|---|
| Land 8 | |
| Buildings | |
| E | |
| Cost | |
| At 1 October 2022 | 1,423,804 |
| Additions | 5,689 |
| 1,429,493 | |
| Depreciation | |
| At 1 October 2022 | 29,311 |
| Charge for the year | 7,593 |
| At 30September 2023 | 36,904 |
| Net BookValue | |
| At 30September 2023 | 1,392,589 |
| At 1 October 2022 | 1,394,493 |
| Fixed Asset Investments | ||
|---|---|---|
| Listed | ||
| Listed investments | investments | |
| 6 | ||
| Market value | ||
| At 1 October 2022 | 501,806 | |
| Additions | ||
| 501,806 | ||
| Revaluation | ||
| Surplus for the year | 19,766 | |
| Market value | ||
| At 30September 2023 | 521,572 | |
| At 1 October 2022 | 501,806 | |
| Historical cost | ||
| At 30September 2023 | 387,589 | |
| At 1 October 2022 | 387,589 | |
| Debtors | ||
| 2023 | ||
| Debtors | 19 | 19 |
| P repayments | 206 225 |
183 202 |
| Creditors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| 8 | |||
| Due to The Honourable | Company ofAir Pilots | 835 | 4,151 |
| Due to Air Pilots Trust | 8,500 | ||
| Accounts payable | 9,212 | ||
| Accruals | 5,458 | 9,200 | |
| 14,793 | 22,563 |