2020-09-30-accounts

			Page
Legal and administrative		information
Trustees' Report			2-3
Independent Examiner's		Report
Statement offinancial	activities
Balance sheet
Notes forming part of	the	financial statements	7-11

TRUSTEES			Air Cdre RS	Peacock-Edwards	Peacock-Edwards	CBE,AFC,FRAeS,FCIM
			Mr P JTacon, BA,FCIS
			Mr R Piper BSc
			Mr S Pooley	BA(Hens), FRIN,		FRAeS
			Captain J P Towell		FRAeS
PRINCIPAL OFFICE			Air Pilots House
			52a Borough	High	Street
			London
			SE1 1XN
BANKERS			Barclays Bank pic
			326-328 HlghHolborn
			London
			WC1V 7PE
INVESTMENT	ADVISORS		Sarasin & Partners		LLP
			Juxon House
			100St Paul's	Churchyard
			London
			EC4M 8BU
CHARITY REGISTRATION		NUMBER	313606
INDEPENDENT	EXAMINER		Paul Newman
			Beren House
			East End
			Aynho Road
			Adderbury
			Oxfordshire
			OX173NJ

				Unrestricted	Restricted	Total	Total
			Notes	Funds f	Funds 2	2020 2	2010 2
Income and endowments		from
Investment income				12,046	2,793	14,839	14,168
Scholarship income							141,811
Donation from Air Charities		Trust		24,000		24,000	15,000
Bursaries received				2,000		2,000	1,916
Other income				4		4	11
Other donations				675		675	919
Total				38,725	2,793	41,518	173,825
Expenditure on
Charitable expenditure:
Grants, scholarships	and	donations		27,999	2,500	30,499	154,816
Support Costs				1,376		1,376	2,676
Management and Administration				8,494		8,494	8,358
Total				37,869	2,500	40,369	165,850
Net surplus				856	293	1,149	7,975
Net surplus on investments				2,523	314	2,837	16,109
Net movement in funds				3,379	607	3,986	24,084
Balance at 1 October 2019				711,077	78,803	789,880	765,796
Balance at 30September		2020		714,456	79,410	793,866	789,880

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
	Notes	8	8	8	8
Fixed assets
Tangible Assets		219,771		219,771	220,771
Investments		394,121	49,059	443,180	440,343
		613,892	49,059	662664	664,444
Current assets
Stock		636		636	636
Debtors Bank and cash balances	10	77 151,856	30,351	77 182,207	112,576 55,795
		152,569	30,351	182,920	169,007
Creditors		52005		52005	40,241
Net current assets		100,564	30,351	130,915	128,766
Total net assets		714,456	79,410	793,866	789,880
Funds	12	714,456	79,410	793,866	789,880

			Unrestricted	Restricted	Total	Total
			Funds	Funds	2020	2019
			F		F
UK Unit Trusts Distribution			12,046	2,793	14,839	14,168
			12,046	2,793	14.839	14,198
Grants payable
			Unrestricted	Restricted	Total	Total
			Funds	Funds	2020	2019
			8		8	8
The amount payable		in the year	comprises:
Trophies and awards			103		103	278
Scholarships Flying Bursaries Academic Bursaries P BSaul Prize (restricted) J Landymore Prize (restricted)			(1,904) 10,000 6,000	2,000 500	(1,904) 10,000 6,000 2,000 500	138,147 2,000 6,000 2,000 500
Tymms Lecture Other scholarship	expenses		272 1,000		272 1,000	1,763 954
Donations paid			12,528 27,999	2,500	12,528 30,499	3,174 154,816

6. Management and administration	6. Management and administration
								2020	2019
								F	f
Administration services Independent examination fees Accountancy Telephone and communications Postage, printing and stationery Legal and professional fees Professional committees Sundry expenses Bank charges								4,949 300 2,400 130 220 78 341 10 66	4,799 300 2,400 90 90 222 361 22 74
								8,494	8,358
7. Staff costs and trustees	remuneration
The Air Pilots Trust does	not employ any staff directly				but contributes			via an allocation	ofcosts
towards the use of staff employed		by the Honourable			Company ofAir Pilots.
Trustees received no remuneration		and	were not	reimbursed		for	any	oftheir expenses.
. Tangible Fixed Assets
		Land &			Office		Fixtures
		Buildings		Equipment f			&	Fittings	Total
Cost
At 1 October 2019 Additions			221,771		11,189			7,835	240,795
Dieposals At 30September 2020			221,771		11,189			77,11357 ~19,0247 221,771
Depreciation
At 1 October 2019 Charge for the year Disposals At 30September 2020			1,000 1,000 2,000		11,189 (11,189			7,835 (7,835)	20,024 1,000 (19,024) 2,000
Net Book Value
At 30September 2020 At 1 October 2019			219,771 220,771						219,771 220,771

. Fixed Asset Investments
	Unrestricted	Restricted
Listed investments	Funds	Funds	Total
	E	8
Market value
At 1 October 2019	391,598	48,745	440,343
Revaluation surplus	2,523	314	2,837
Market value
At 30September 2020	394,121	49,059	443,1110
At 1 October 2019	391,598	45,745	440,343
Historical cost
At 30September 2020	290,179	36.121	326,300
At 1 October 2019	290,179	36,121	326,300

Debtors
	Unrestricted	Restricted	Total		Total
	Funds	Funds	2020		2019
	E	E	E
Other debtors Loan to HCAP Air Safety Trust current account					10,000 100,000 2,500
Pre payments	77			77	76
	77			77	112,576

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
		E		E	E
Other creditors Accruals The Honourable		41,226 8,700		41,226 8700	15,397 22,280
Company Creditors	ofAir Pilots (restricted)	2,079 52,005		2,079 52,005	2,564 40,241
		52,005		52,005	40,241