## ## ## ## ||||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| ## ## ##