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|incorporating<br>i|nco|me an|d expenditure<br>acc|ount)|||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||f||
|Income from:||||Note|||
|Legacies|||||1,524|8,000|
|Charitable<br>activities|||||964,385|974,163|
|Other activities|||||1,410,296|876,029|
|Total income||||2|2,376,205|1,858,192|
|Expenditure<br>on|charitable||activity|3|(1,686,901)|(1,770,436)|
|Net income|||||689,304|87,756|
|Net movement|in funds||||689,304|87,756|
|Total funds brought||forward|||12,684,037|12,596,281|
|Total funds carried forward|||||13373342|12634437|





|BALANCE SHEET|BALANCE SHEET||||
|---|---|---|---|---|
|as at 31December|2021||||
|||Note|2021f|2020<br>f|
|Fixed assets|||||
|Tangible assets||6|23,785,827|23,254,215|
|Current assets|||||
|Debtors|||15,784|26,388|
|Cash at bank and|in hand||1,271,460|839,329|
||||1,287,244|865,717|
|Creditors: amounts|falling due within one year|8|~11899729|JII1435895|
|Net current<br>liabilities|||10,412,485|10,570,178|
|Net assets|||13,373,342|12,684,037|
|Unrestricted<br>general funds|||13,373,342|12,684,037|





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|Forthe year ended 31 December 2021|Forthe year ended 31 December 2021|Forthe year ended 31 December 2021|Forthe year ended 31 December 2021|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||2|2|
|Cash flows from operating<br>activities||||||
|Net cash inflow from operating||activities||299,070|(745,771)|
|Cash flows from investing<br>activities||||||
|Proceeds from sale oftangible||fixed assets||2,190,438|1,517,123|
|Payments<br>to acquire tangible|fixed assets|||(2,057,377)|(927,768)|
|Net cash provided<br>by investing||activities||133,061|589,355|
|Change<br>in cash and cash equivalents||||432,131|(156,416)|
|Cash and cash equivalents<br>at|beginning||ofyear|839,329|995,745|
|Cash and cash equivalents|at end of||year|1,271,460|839,329|
|Reconciliation<br>ofnet income||to net cash flow from operating||||
|activities||||||
|Net income for the year ended||31 December||689,304|87,756|
|Adjustments<br>for||||||
|Depreciation<br>charges||||632,644|617,273|
|Profit on disposal offixed assets||||(1,297,316)|(874,680)|
|Decrease<br>in debtors||||10,604|116,542|
|Increase/(decrease)<br>in creditors||||263,834|(692,662)|
|||||299,070|(745,771)|
|Analysis ofcash and cash equivalents||||||
|Current account||||1,271,460|839,329|
|Analysis ofchanges<br>in net debt||||||
|Current account:||||||
|As at 1 January||||839,329|995,745|
|Movement<br>in year||||432,131|(156,416)|
|As at 31 December||||1,271,460|839,329|
||||||i3|





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## 

|ncome||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6|2|
|Legacies||||1,524|8,000|
|Rental income||||964,385|974,163|
|Bank interest|||||1,349|
|Profit from the disposal||ofproperties||1,297,316|874,680|
|Other income|(MOD receipts on adaptations)|||112,980||
|||||2315255|1858 152|
|Resources expended||on charitable|activities|||
|||||2021|2020|
|General rates||||3,022|2,959|
|Insurance||||15,000|14,001|
|Repairs and renewals||||594,018|849,493|
|Occupational|therapist|fees||8,277||
|Legalfees||||7,088||
|Property<br>nianagsment||fees||272,867|281,644|
|Lease amortisation||||12,377|15,974|
|Property depreciation||||620,267|601,299|
|Audit fees||||5,880|4,500|
|Staff costs||||147,650||
|Others||||455||
|||||1,686,901|1,770,436|
|Staff costs include:||||2021|2020|
||||||6|
|Wages and salaries||||121,775||
|Pension costs||||13,126||
|Socia I security||||12,749||
|||||151585||



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|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|
||||||Long||
|||||Freehold|leasehold||
|||||properties|properties|Total|
|Cost at 1 January 2021||||30,064,961|798,665,|30,863,626|
|Additions<br>during the year|||||||
|||||2,057,378||2,057,378|
|Disposals<br>during the year||||(1,103,340)|(179,825)|(1,283,165)|
|Cost at 31 December 2021||||31,018,999|618,840|31,637,839|
|Depreciation<br>at 1 January|2021|||7,349,769|259,642|7,609,411|
|Depreciation<br>for the year<br>0 0<br>)<br>t)<br>~) 0<br>I<br>0<br>'<br>' "|4|) 0th|7|620,267<br>~343,288)<br>7626 748|12,376<br>~46,754<br>225 204|632,643<br>~300,042)<br>7852 012|
|Net book value:|||||||
|At 31 December 2021||||23,392,251|393576|23785827|
|At 31 December 2020||||22,715,192|530023|23254.215|



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||2021|2020|
|---|---|---|
||8||
|Accrued income - legacy||1,000|
|Prepayment|15,784|25,388|
||15784|26388|





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|||||2021|2020|
|---|---|---|---|---|---|
|||||E|E|
|Trade creditors||||333,407|278,328|
|The Royal Air Force Benevolent||Fund —Gulf Trust||55,770|37,180|
|Interest free finance provided|by|the RAF Benevolent|Fund|11 315552|11,122.331|
|||||11,899,729|11,435,895|



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