2021-03-31-accounts - Heathrow Travel-Care

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The Directors ofthe charitable company (the	The Directors ofthe charitable company (the	The Directors ofthe charitable company (the	Charity)	Charity)	Charity)	are its Trustees for the purpose	are its Trustees for the purpose	of Charity	law.
The Trustees are proposed		and appointed by	the		Board ofTrustees at their meetings			throughout	the year
or otherwise at the Annual		General meeting.
Trustees/Directors:		Steve Porcher
		Ross Erlam
		Simon Trevor Eastburn
		Paul David Stonehouse
		Jeanette Truelove
		Rhiannon Jane Dowdall
		Elizabeth Christine	Hegarty			(Appointed	2.11.2020)
		Ross Erlam
Registered	Oflice:	Room 142, North Wing
		Terminal 3, Heathrow		Airport
		Hounslow
		Middlesex TW6 1BZ
Registered	Number:	02056086
Accountants:		Cole fk Co Chartered		Accountants
		400 Harrow Road
		London W9 2HU
Bankers:		Barclays Bank Pic
	Cardinal Point, Heathrow				Airport
		Hounslow
		Middlesex TW6 2RA

Client	Reimbursement	1,316	1,792
Other		5,156	2,623
		6,472	4,415

~rn:
Heathrow Airport		131,938	164,935
London Borough of Hillingdon		125,000	65,500
Foreign and Commonwealth	Office	233,459	229,946
		490,397	460,381

				@22}
Salaries and National		Insurance	328,417	352,778
Pension			44,709	49,920
Staff Training			2,112	4,319
Travel and Subsistence			2,470	2,370
Consultancy Fees			2,241	1,663
Assistance to Clients			23,017	10,821
			402,966	421,871
Office Equipment	and	Supplies	571	404
Accountancy Fees			3,960	3,960
			4,531	4,364
EEL			407,497	426,235
Staff costs incurred during		the Year were:
Wages 8LSalaries			301,270	323,025
Social Security Costs			27,147	29,753
Pension costs			44,709	49,920
			373,126	402,698
Average number of persons employed			10

Changes In the Fair Value of Plan A March 2021	sset	s,		DeAned	Benefit O	bligation	and Net Liability	For the Year	Ended 31st
									Net Asset /
							Asseh	Obligations	(Uablllty)
							QQHQ	Q9RD	QOSD
Fair Value of Plan Assets							825	0	825
Present Value of Funded Uabilities Present Value of Unfunded Uabilities							0 0	920 0	(920) 0
Opening Position asat31stMarch		2020					825	920	(95)
Service Cost:
Curient service Cost*								71	(71)
Past Service Cost (Indudlng curtailments)								0	0
Effect ofSettlements								0	0
Total Service Cost								71	(71)
Net Interest:
Interest Income on Plan Assets							19	0	19
Interest Cost on DeAned BeneAt	Obligation						0	22	(22)
Total Net Interest							19	22	(3)
Total Defined Benefit Cost Recognised				ln Profit or (Loss)			19	93	(74)
CashAows:
Partidpants' Contributions							16	16	0
Employer Contributions								0	44
Estimated Benefits Paid							(18)	(18)	0
Estimated Unf'unded BeneAts Paid							0	0	0
Estimated Contributions in resp' of Efiect of Business Combinations and			Unfunded Disposals		BeneAts	Paid	0 0	0 0	0 0
Rqmcted Closing Position								1,011	(125)
Re measurements:
Changes in Rnandal Assumptions							0	360	(360)
Changes In Demographic Assumptkis							0	19	(19)
Other Experience							0	(13)	13
Return on Asseh exduding amounts			induded		in Net Interest		123	0	123
Total Remeasurements Recognised Income (OCI)		ln		Other	Comprehensive			366	(243)
Fair Value of Plan Assets							1,009	0	1,009
Present Value of Funded Uabllitles							0	1,377	(1,377)
Present Value of Unfunded Uablllties**							0	0	0
Closing Position asat31stMarch	2021						1,009	1+77	(368)
' The current service cost Includes an alkwvance				for administration		expenses of0.8%of payroll.

Changes In the Fair Value of Plan Assets, Defined	Changes In the Fair Value of Plan Assets, Defined	Changes In the Fair Value of Plan Assets, Defined	Changes In the Fair Value of Plan Assets, Defined	Changes In the Fair Value of Plan Assets, Defined	Benefit ObllgaUon	Benefit ObllgaUon	and Net Uablllty	For the Year	Ended 31st March	2020.
										Net Asset
								Assets	Obligations	/(Uablllty)
								f(000)	K(000)	K(000)
Fair Value ofPlan Assets								878	0	878
Present Value ofUablllUes								0	1,010	(1,010)
Opening Position asat31stMamh			2019					878	1,010	(132)
Service Cost
Current service Cost4' Past Service Cost (Induding curtailments)									108 0	(108) 0
El5ect ofSetUements									0	0
Total Service Cost									108	(108)
Net Interest
Interest Income on Plan	Assets							22	0	22
Interest Cost on Defined	Benefit	Obligation						0	26	(26)
Total Net Interest									26	(4)
Total Defined Benefit Cost	Recognised			in Profit		or(lass)				(112)
Cashflows:
Partldpants' ContrlbuUons								19	19	0
Employer ContrlbuUons								51	0	51
Estimated Benefit Pakl								(18)	(18)	0
Estimated Unfunded Benefits Pakl								0	0	0
Estimated Contrlbutons	in rasped:		of Unfunded			Benefits Paid		0	.0	0
ENect of Business Combinations		and		Disposals				0	0	0
Expected Closing Position								952	1,145	(193)
Re measurements:
Changes In Rnandal Assumptions								0	(140)	140
Changes In Demographic	Assumptions							0	(22)	22
Other Experience								0	(63)	63
Return on Asseis exdudlng	amounts		Induded		In Net Interest			(127)	0	(127)
Total Remeasurements Recognised			ln	Other	Comprehensive		Income (OCI)	(127)	(225)
Fair Value of Plan Assets								825	0	825
Present Value of Funded Uabilities Present Value of Unfunded UabiliUes**								0 0	920 0	(920) 0
Qoslng PosNon asat 31stMarch 2020									920	(95)

Analysis of projected amoun	t to be charged to Ope	rating Profit for	the Period to t	he 31st March 2022.	he 31st March 2022.
		Assets	Obligations	Net (Liability)/Asset
		f(000)	K(000)	f(000)	%of Pay
Projected Current Service	Cost*	0	118	(118)	(51.3%)
Past Service Cost including	Curtailments	0	0	0	0%
Effect ofSetUements		0	0	0	0%
Total Service Cost			118	(118)	(S1.no)
Interest Income on Plan Asseh		21	0	21	9.1%
Interest Cost on Defined Benefit Obligation		0	29	(29)	(126%)
Total Net Interest Cost		21	29	(s)	(s.sv )
Total included In Profit	and Loss	21	147	(126)	(54.SV)