| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Trustees' Report |
2-3 | ||
| Independent Examiner's |
Report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes forming part ofthe |
financial statements | 7-11 |
| TRUSTEES | Air Cdre RS Peacock-Edwards | Air Cdre RS Peacock-Edwards | Air Cdre RS Peacock-Edwards | CBE,AFC,FRAeS,FCIM | |
|---|---|---|---|---|---|
| Mr PJTacon, BA,FCIS | |||||
| Mr R Piper BSc | |||||
| Mr SPooley BA(Hone), FRIN, FRAeS | |||||
| Son Ldr (retd) A N Goodwyn | MA cfs | ||||
| PRINCIPAL OFFICE | Air Pilots House | ||||
| 52a Borough High Street |
|||||
| London | |||||
| SE1 1XN | |||||
| BANKERS | Barclays Bank pic | ||||
| 326-328 HlghHolborn | |||||
| London | |||||
| WC1V 7PE | |||||
| INVESTMEN'T | 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 | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||||
| Notes | f | f | f | ||||
| Income and endowments | from | ||||||
| Investment income |
11,477 | 2,456 | 13,933 | 14,839 | |||
| Scholarship income |
108,851 | 108,851 | |||||
| Donation from Air Charities |
Trust | 18,500 | 18,500 | 24,000 | |||
| Bursaries received | 5,500 | 5,500 | 2,000 | ||||
| Other income | 4 | ||||||
| Other donations | 2,620 | 2,620 | 675 | ||||
| Total | 146,948 | 2,456 | 149,404 | 41,518 | |||
| Expenditure on |
|||||||
| Charitable expenditure: |
|||||||
| Grants, scholarships | and | donations | 130,350 | 2,500 | 132,850 | 30,499 | |
| Support Costs Management and Administration |
1,381 8,307 |
1,381 8,307 |
1,376 8,494 |
||||
| Total | 140,038 | 2,500 | 142,538 | 40,369 | |||
| Net surplus/(deficit) | 6,910 | (44) | 6,866 | 1,149 | |||
| Net surplus on investments |
38,772 | 8,640 | 47,412 | 2,837 | |||
| Net movement In funds |
45,682 | 8,596 | 54,278 | 3,986 | |||
| Balance at 1 October | 2020 | 701,585 | 92,281 | 793,866 | 789,880 | ||
| Balance at 30 September | 2021 | 747,267 | 100,877 | 848,144 | 793,866 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| Notes | f | 6 | 6 | F | |
| Fixed assets | |||||
| Tangible Assets | 218,771 | 218,771 | 219,771 | ||
| Investments | 447,882 | 92,710 | 540,592 | 443,180 | |
| 666,653 | 92,710 | 759,363 | 662,951 | ||
| Current assets | |||||
| Stock | 636 | 636 | 636 | ||
| Debtors | 10 | 85 | 85 | 77 | |
| Bank and cash balances | 129,495 | 8,667 | 138,162 | 182,207 | |
| 130,216 | 8,667 | 138,883 | 182,920 | ||
| Creditors | 49,602 | 500 | 50,102 | 52,005 | |
| Net current assets | 80,614 | 8,167 | 88,781 | 130,915 | |
| Total net assets | 747,267 | 100,877 | 848,144 | 793,866 | |
| Funds | 12 | 747,267 | 100,877 | 848,144 | 793,886 |
| 2. | Investment income |
Investment income |
|||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tots I | ||||
| Funds f |
Funds | 2021 6 |
2020f | ||||
| UK Unit Trusts Distribution | 11,477 | 2,456 | 13,933 | 14,839 | |||
| 11,477 | 2,456 | 13,933 | 14,839 | ||||
| 3. | Grants payable | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Funds f |
Funds f |
2021f | 2020 f. |
||||
| The amount payable |
in the year | comprises: | |||||
| Trophies and awards | 81 | 81 | 103 | ||||
| Scholarships | 107,280 | 107,280 | (1,904) | ||||
| Flying Bursarles | 4,999 | 4,999 | 10,000 | ||||
| Academic Bursaries | 6,000 | 6,000 | 6,000 | ||||
| P BSaul Prize (restricted) | 2,000 | 2,000 | 2,000 | ||||
| J Landymore Prize |
(restricted) | 500 | 500 | 500 | |||
| Tymms Lecture |
2,635 | 2,635 | 272 | ||||
| Other scholarship | expenses | 1,000 | |||||
| Donations paid |
9,355 | 9355 | 12,528 | ||||
| 130,350 | 2,500 | 132,850 | 30,499 |
| 6. | Management | and administration | and administration | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| F | |||||||
| Administration | services | 4,985 | 4,949 | ||||
| Independent | examination | fees | 300 | 300 | |||
| Accountancy | 2,400 | 2,400 | |||||
| Telephone and communications |
160 | 130 | |||||
| Postage, printing and stationery |
16 | 220 | |||||
| Legal and professional fees |
46 | 78 | |||||
| Professional | committees | 304 | 341 | ||||
| Sundry expenses | 18 | 10 | |||||
| Bank charges | 78 | 66 | |||||
| 8,307 | 8,494 |
| Tangible Fixed Assets | |
|---|---|
| Land & | |
| Buildings | |
| Cost | |
| At 1 October 2020 and at 30 | |
| September 2021 | 221,771 |
| Depreciation | |
| At 1 October 2020 | 2,000 |
| Charge for the year | 1,000 |
| At 30September 2021 | 3,000 |
| Net Book Value | |
| At 30September 2021 | 218,771 |
| At 1 October 2020 | 219,771 |
| Fixed Asset | Investments | |||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Listed investments | Funds | Funds | Total | |
| 6 | 6 | |||
| Market value | ||||
| At 1 October | 2020 | 359,110 | 84,070 | 443,180 |
| Revaluation | surplus | 38,772 | 8,640 | 47,412 |
| Additions | 50,000 | 50,000 | ||
| Market value | ||||
| At 30September 2021 | 447,882 | 92,710 | 540,592 | |
| Historical cost | ||||
| At 30September 2021 | 327,050 | 49,517 | 376,567 | |
| At 1 October | 2020 | 276,783 | 49,517 | 326,300 |
| Debtors | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2021 | 2020 | |||
| E | 6 | F | F | |||
| Prepayments | 85 | 85 | 77 | |||
| 85 | 85 | 77 |
| Creditors | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2021 | 2020 | ||
| E | F | E | |||
| Other creditors | 14,008 | 14,008 | 41,226 | ||
| Accruals | 27,366 | 500 | 27,866 | 8,700 | |
| The Honourable | |||||
| Company | ofAir Pilots | 8,228 | 8,228 | 2,079 | |
| 49,602 | 500 | 50,102 | 52,005 | ||
| Creditors | (restricted) | ||||
| 49,602 | 500 | 50,102 | 52,005 |