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