| 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(Hone), FRIN, | FRAeS | |||
| Capt R BKeegan, | FRAeS | ||||
| PRINCIPAL OFFICE | Air Pilots House | ||||
| 52a Borough | High | Street | |||
| London | |||||
| SE1 1XN | |||||
| BANKERS | Barclays Bank pic | ||||
| 326-328 HlghHolborn | |||||
| London | |||||
| WC1V TPE | |||||
| INVESTMENT | ADVISORS | Sarasin &Partners | LLP | ||
| Juxon House | |||||
| 100St Paul's | Churchyard | ||||
| London | |||||
| EC4M SBU | |||||
| CHARITY REGISTRATION NUMBER | 313606 | ||||
| INDEPENDENT | EXAIIIIINER | Paul Newman | |||
| Beren House | |||||
| East End | |||||
| Aynho Road | |||||
| Adderbury | |||||
| Oxfordshire | |||||
| OX173NJ |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| Notes | E | F | 2 | |||
| Income and endowments | from | |||||
| Investment income Scholarship income Donation from Air Charities Bursaries received Other donations |
Trust | 12,431 134,565 16,500 5,000 2,507 |
2,540 | 14,971 134,565 16,500 5,000 2,507 |
13,933 108,851 18,500 5,500 2,620 |
|
| Total | 171,003 | 2,540 | 173,543 | 149,404 | ||
| Expenditure on |
||||||
| Charitable expenditure: |
||||||
| Grants, scholarships and donations Support Costs Management and Administration |
146,934 1,828 8,378 |
2,500 | 149,434 1,828 8,378 |
132,850 1,381 8,307 |
||
| Total | 157,140 | 2,500 | 159,640 | 142,538 | ||
| Net surplus/(deficit) | 13,863 | 40 | 13,903 | 6,866 | ||
| Net (deficit)/surplus on investments |
(47,025) | (9,737) | (56,762) | 47,412 | ||
| Net movement in funds |
(33,162) | (9,697) | (42,859) | 54,278 | ||
| Balance at 1 October 2021 | 747,267 | 100,877 | 848, 144 | 793,866 | ||
| Balance at 30September | 2022 | 714,105 | 91,180 | 805,285 | 848,144 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||
| Notes | E | E | |||
| Fixed assets | |||||
| Tangible Assets Investments |
217,553 400,841 |
82,973 | 217,553 483,814 |
218,771 540,592 |
|
| 618,394 | 82,973 | 701,367 | 759,363 | ||
| Current assets | |||||
| Stock | 636 | 636 | 636 | ||
| Debtors Bank and cash balances |
10 | 5,091 162,170 |
8,707 | 5,091 170,877 |
85 138,162 |
| 167,897 | 8,707 | 176,604 | 138,883 | ||
| Creditors Net current assets |
72,186 95,711 |
500 8,207 |
72,686 103,918 |
50,102 88,781 |
|
| Total net assets | 714,105 | 91,180 | 805,285 | 848,144 | |
| Funds | 12 | 714,105 | 91,180 | 805,285 | 848,144 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| K | K | K | ||||
| UK Unit Trusts Distribution |
12,431 | 2,540 | 14,971 | 13,933 | ||
| 12,431 | 2,540 | 14,971 | 13,933 | |||
| Grants payable | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2022 | 2021 | |||
| K | F | K | ||||
| The amount payable |
in the year | comprises: | ||||
| Trophies and awards |
108 | 108 | 81 | |||
| Scholarships Flying Bursaries Academic Bursaries P BSaul Prize (restricted) J Landymore Prize (restricted) |
132,054 6,500 3,000 |
2,000 500 |
132,054 6,500 3,000 2,000 500 |
107,280 4,999 6,000 2,000 500 |
||
| Tymms Lecture Other scholarship |
expenses | 1,965 807 |
1,965 807 |
2,635 | ||
| Donations paid |
2,500 | 2,500 | 9,355 | |||
| 146,934 | 2,500 | 149,434 | 132,850 |
| Support c | osts | |||
|---|---|---|---|---|
| Total | Total | |||
| 2022 | 2021 | |||
| K | K | |||
| Accommodation | costs | 153 | 113 | |
| Equipment | and computer costs | 353 | 262 | |
| Travel expenses | 12 | 6 | ||
| Trustee meetings | 92 | |||
| Depreciation | 1,218 | 1,000 | ||
| 1,828 | 1,381 |
| 2022 | 2021 | ||
|---|---|---|---|
| Administration services Independent examination |
fees | 5,100 300 |
4,985 300 |
| Accountancy Telephone and communications |
2,400 6 |
2,400 160 |
|
| Postage, printing and stationery |
152 | 16 | |
| Legal and professional fees |
43 | 46 | |
| Professional committees |
250 | 304 | |
| Sundry expenses | 12 | 18 | |
| Bank charges | 115 | 78 | |
| 8,378 | 8,307 |
| Tangible Fixed Assets |
Land & Buildings |
|---|---|
| Cost | |
| At 1 October 2021 and at 30 | |
| September 2022 | 221,771 |
| Depreciation | |
| At 1 October 2021 | 3,000 |
| Charge for the year At 30September 2022 |
1,218 4,218 |
| Net Book Value | |
| At 30September 2022 | 217,553 |
| At 1 October 2021 | 218,771 |
| . Fixed Asset Investments | |||
|---|---|---|---|
| Unrestricted | Restricted | ||
| Listed investments | Funds | Funds | Total |
| Market value | F | ||
| At 1 October 2021 | 447,882 | 92,710 | 540,592 |
| Revaluation deficit |
(47,025) | (9,737) | (56,762) |
| Additions | 11,610 | 11,610 | |
| Disposals | (11,626) | (11,626) | |
| Market value | |||
| At 30September 2022 | 400,841 | 82,873 | 483,814 |
| Historical cost | |||
| At 30September 2022 | 327,050 | 49,517 | 376,567 |
| At 1 October 2021 | 327,050 | 49,517 | 376,567 |
| Debtors | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2022 | 2021 | ||
| Prepayments | 91 | 91 | 85 | ||
| Other debtors | 5,000 | 5,000 | |||
| 5,091 | 5,091 | 85 |
| Creditors | |||||
|---|---|---|---|---|---|
| Unrestricted | Restric | ted | Total | Total | |
| Funds | Fund | s | 2022 | 2021 | |
| 6 | |||||
| Other creditors Accruals The Honourable |
34,742 34,675 |
500 | 34,742 35,175 |
14,008 27,866 |
|
| Company of Air Pilots | 2,769 | 2,769 | 8,228 | ||
| 72,186 | 500 | 72,686 | 50,102 |