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|---|---|---|---|
|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|
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|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||||
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||||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|
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|||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|
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||||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|
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|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|
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|||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|
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|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|
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|. 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|
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|Debtors||||||
|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Total||
||Funds|Funds|2022|2021||
|Prepayments|91||91||85|
|Other debtors|5,000||5,000|||
||5,091||5,091||85|
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|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|
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