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2022-03-31-accounts

PAGE
Report ofthe Trustees 1to 4
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Summary
Income and Expenditure		 Account
Balance Sheet
Notes to the Financial Statements 9to 18

Trustees/Directors: Trustees/Directors: Steve Porcher
Ross Erlam
Simon Trevor Eastburn
Paul David Stonehouse
Jeanette Truelove
Rhiannon
Jane Dowdall
Elizabeth
Christine
Hegarty		 (Resigned 25th September 2021)
Secretary: Ross Erlam
Registered Office: Room 142, North Wing
Terminal 3, Heathrow Airport
Hounslow
Middlesex TW6 1BZ
Registered Number: 02056086
Accountants: Cole 5Co Chartered Accountants
400 Harrow
Road
London W9 2HU
Bankers: Barclays Bank Pic
Cardinal
Point, Heathrow		 Airport
Hounslow
Middlesex TW6 2RA

HEATHR W TRAVEL- TRAVEL- RE
STATEMENT F FINAN IAL A VITIE
FOR THE YEAR ENDED 31STMARCH 2022
Unrestricted Funds
NOTE ~222 2021
E f
~In gml:
Donations and Legacies 6,292 6,472
Income from Charitable Activities 473,817 490,397
Investment income 0 123
480,109 496,992
~Ex gndi~ur:
Expenditure on Charitable Activities (441,789) (407,497)
Other (12,743) (10,224)
TTA ED (454,532) (417,721)
Ne In
m		 ndN t ov mentinFundsf rth Y r 25,577 79,271
Total Funds Brought Forward 248,714 169,443
Total Funds Carried Forward 274,291 248,714

Unrestricted Funds
NOTE 2022 2021
E E
Donations
and Legacies		 6,292 6,472
Income from Charitable Activities
Grants:
Heathrow
Airport		 Limited 131,938 131,938
London Borough of Hillingdon 130,000 125,000
Foreign and Commonwealth Office 211,879 233,459
473,817 490,397
Investment
Income		 123
TOTAL INCOME 480,109 496,992
EXPENDIT
RE
Charitable
Activities:
Salaries and National Insurance 353,466 328,417
Pension Costs 53,876 44,709
Staff Training 1,680 2,112
Travel and Subsistence 2,341 2,470
Consultancy Fees 2,253 2,241
Assistance to Clients 23,355 23,017
Office Equipment and Supplies 618 571
Accountancy Fees 4,200 3,960
441,789 407,497
Other 12,743 10,224
T TAL EXPENDIT RE (454,532) (417,721)
NET INC
ME
EXPENDIT		 RE FOR THE YEAR 25,577 79,271

AS AT 31STMARCH 2022
NOTE 2022 2021
E
EUKk!SER
Cash at Bank and In Hand 287,530 260,342
287,530 260,342
//~DE@: Amounts falling due within One Year 8 (13,239) (11,628)
274,291 248,714
THE F NDS OFTHE HARITY
Unrestricted Income Funds 10 274,291 248,714

Unrestricted Funds
2022 2021
E f
3. n m
Client Reimbursement 1,362 1,316
Other 4,930 5,156
6,292 6,472
4. Incomefr mCh ri eA ivi
~Gr nt:
Heathrow Airport 131,938 131,938
l ondon Borough of Hillingdon 130,000 125,000
Foreign and Commonwealth Office 211,879 233,459
473,817 490,397

Unrestricted Funds
i I vii 2022 ~221
f
Salaries and National Insurance 353,466 328,417
Pension 53,876 44,709
Staff Training 1,680 2,112
Travel and Subsistence 2,341 2,470
Consultancy
Fees		 2,253 2,241
Assistance to Clients 23,355 23,017
436,971 402,966
Gov rn nceC
ts
Office Equipment and Supplies 618 571
Accountancy
Fees		 4,200 3,960
4,818 4,531
T~T)L 441,789 407,497
7. Tr st
an
Em		 lo
Staff costs incurred during the Year were:
Wages 5Salaries 321,136 301,270
Social Security Costs 32,330 27,147
Pension costs 53,876 44,709
407,342 373,126
Average
number of		 persons employed 10

2022 2021
E E
gre~ir
Sundry Creditors and Accrued Expenses 13,239 11,628

Total Average
Number Salaries/Pensions Age
31.03.2022 ~FOOO 31.03.2021
Em I
rM		 m rshi S tisti
Actives 240 46
Deferred Pensioners 6 49
Pensioners 17 66

rate o
65 are		 f improvement
of 1.5% pa.
Based on th
summarised
below.		 ese assumptions,
the average
future
life e		 xpectancies a
~Mal ~Fem lee
Current Pensioners 22.1years 24.5years
Future Pensioners* 22.8years 25.5years

March 2022
Net Asset /
Assets Obligations (Liability)
00 ~E00 ~E
Fair Value of Plan Assets 1,009 0 1,009
Present Value of Funded
Liabilities		 0 1,377 (1,377)
Present Value of Unfunded
Liabilities		 0 0 0
Opening
Position asat 31stMarch 2021		 lg009 1~377 (368)
Service Cost:
Current service Cosd 146 (146)
Past Service Cost (including
cuitailments)		 0 0
Effect ofSettlements 0 0
Total Service Cost 146 (146)
Net Interest:
Interest Income on Plan Assets 21 0 21
Interest Cost on Defined
Benefit		 Obligation 0 30 (30)
Total Net Interest 21 30 (9)
Total Defined Benefit Cost Recognised in Profit or (Loss) 21 176 (155)
Cashflows:
Participants'
Contributions		 20 20 0
Employer
Contributions		 62 0 62
Estimated
Benefits Paid		 (18) (18) 0
Estimated
Unfunded
Benefits Paid		 0 0 0
Estimated
Contributions
in respect of Unfunded		 Benefits Paid 0 0 0
Effect of Business Combinations and Disposals 0 0 0
Expected Closing Position 1,094 1,555 (461)
Remeasurements:
Changes
in Financial Assumptions		 0 (137) 137
Changes
in Demographic
Assumptions		 0 (6) 6
Other Experience 0 4 (4)
Return on Assets excluding
amounts		 included in Net Interest 77 0 77
Total Remeasurements
Recognised
Income (OCI)		 in Other Comprehensive (139) 216
Fair Value of Plan Assets 1,171 0 1,171
Present Value of Funded
Liabilities		 0 1,416 (1,416)
Present Value of Unfunded
Liabilities**		 0 0 0
Closing Position as at 31stMarch 2022 1,171 1,416 (245)

Changes
in the Fair Value of Plan Assets,		 Changes
in the Fair Value of Plan Assets,		 Changes
in the Fair Value of Plan Assets,		 Defined Defined Benefit Obligation Benefit Obligation and Net Liability For the Year Ended and Net Liability For the Year Ended 31st March 2021.
Net Asset
Assets Obligations /(Liability)
E(000) E(000) E(000)
Fair Value of Plan Assets 825 0 825
Present Value of Liabilities 0 920 (920)
Opening
Position as at 31stMarch		 2020 825 920 (95)
Service Cost:
Current service Cost* 71 (71)
Past Service Cost (including
curlallments)		 0 0
Effect of Settlements 0 0
Total Service Cost 71 (71)
Net Interest:
Interest Income on Plan Assets 19 0 19
Interest Cost on Defined Benefit Obligation 0 22 (22)
Total Net Interest 19 22 (3)
Total Defined Benefit Cost Recognised in Profit or (Loss) 19 93 (74)
Cashflows:
Participants'
Contributions		 16 16 0
Employer
Contributions		 0
Estimated
Benefit Paid		 (18) (18) 0
Estimated
Unfunded
Benefits Paid		 0 0 0
Estimated
Contributions		 in respect of Unfunded Benefits Paid 0 0 0
Effect of Business Combinations and Disposals 0 0 0
Expected Closing Position 886 1,011 (125)
Remeasurements:
Changes
in Financial
Assumptions		 0 360 (360)
Changes
in Demographic		 Assumptions 0 19 (19)
Other Experience 0 (13) 13
Return on Assets excluding
amounts		 included in Net Interest (123) 0 123
Total Remeasurements
Recognised		 in Other Comprehensive Income (OCI) 366 (243)
Fair Value of Plan Assets 1,009 0 1,009
Present Value of Funded
Liabilities		 0 1,377 (1,377)
Present Value of Unfunded Liabilities** 0 0 0
Closing Position asat31stMarch 2021 1,009 1,377 (368)
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
E(000) E(000) E(000) %of Pay
Projected Current Service Cost* 0 127 (127) (44.6%)
Past Service Cost including Curtailments 0 0 0 0%
Effect of Settlements 0 0 0 0%
Total Service Cost 127 (127) (44 6o/o)
Interest Income on Plan Assets 33 0 33 11.6%
Interest Cost on Defined Benefit Obligation 0 41 ( i1) (144%)
Total Net Interest Cost 33 41 (8) (2.8o/o)
Total included
in Profit		 and Loss 33 168 (135) (47.4o/o)

Approximate %Increase to Approximate Monetary
Changes
in Assumptions
at		 31st March 2022:
0.1%decrease in Real Discount Rate 3% 37
1year increase in member life expectancy 4% 57
0.1%increase in the Salary Increase Rate 0% 1
0.1%increase in the Pension Increase Rate (CPI) 3% 36

An
i		 is fNov
me		 n
in Un
trict
Fu		 nds
Balance as at Balance as at
1st April 31st March
2021 Income ~Ex enditure Transfer 2022
E E E
General Fund 248,714 480,109 (454,532) 274,291