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||||Page|
|---|---|---|---|
|Legal and administrative||information||
|Trustees'<br>Report|||2-3|
|Independent<br>Examiner's||Report||
|Statement 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|
|---|---|---|---|---|---|
|||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||||





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||||||2023|2022|
|---|---|---|---|---|---|---|
|||||Notes|E|E|
|Income and endowments|||from||||
|Donations<br>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<br>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|



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|||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|





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|2.|Investment<br>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<br>payable<br>in <br>Bursaries|the year comprises:|3,500|6,500|
||Donations||3,792|3,750|
||Scholarships<br>Affiliated society subscriptions<br>Cobham<br>Lecture expenses||13,099<br>1,923<br>1,931<br>24,245|12,392<br>1,576<br>1,959<br>26,177|
|4.|Support costs||2023|2022|
||||E|F|
||Accommodation<br>costs||200|153|
||Equipment<br>and computer costs<br>Travel expenses||381<br>25|353<br>12|
||Trophies<br>and awards||14|24|
||Trustee meetings<br>Depreciation||90<br>7,593<br>8,303|92<br>7,536<br>8,170|
|5.|Management<br>and administration||||
||||2023|2022|
|||||6|
||Administration<br>services||5,443|5,100|
||Independent<br>examination<br>fees<br>Accountancy<br>Telephone<br>and communications<br>Postage,<br>printing<br>and stationery<br>Professional<br>committees||300<br>2,400<br>60<br>450|300<br>2,400<br>6<br>152<br>250|
||Bank charges<br>Sundry expenses||15<br>13<br>8,681|19<br>11<br>8,238|



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|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|



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|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<br>225|183<br>202|



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|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|



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