| Legal and administrative | 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 PJTacon,BA,FCIS | |||||
| Capt RJ Hall | |||||
| Mr S Pooley BA(Hone), FRIN, | FRAeS | ||||
| Capt J P Legat | |||||
| 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 | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||||
| Notes | 0 | 8 | 8 | |||||
| Income and endowments | from | |||||||
| Investment income |
2 | 12,411 | 2,539 | 14,950 | 14,971 | |||
| Scholarship income |
113,725 | 113,725 | 134,565 | |||||
| Donation from Air Charities |
Trust | 18,000 | 18,000 | 16,500 | ||||
| Bursaries received | 8,500 | 8,500 | 5,000 | |||||
| Other donations | 2,375 | 2 375 | 2,507 | |||||
| Total | 155,011 | 2,539 | 157,550 | 173,543 | ||||
| Expenditure on |
||||||||
| Charitable expenditure: |
||||||||
| Grants, scholarships | and | donations | 151,682 | 3,000 | 154,682 | 149,434 | ||
| Support Costs | 1,922 | 1,922 | 1,828 | |||||
| Management and |
Administration | 8,830 | 8,830 | 8,378 | ||||
| Total | 162,434 | 3,000 | 165,434 | 159,640 | ||||
| Net deficit | (7,423) | (461) | (7,884) | 13,903 | ||||
| Net surplus/(deficit) | on | investments | 15,615 | 3,232 | 18,847 | (56,762) | ||
| Net movement in funds |
8,192 | 2,771 | 10,963 | (42,859) | ||||
| Balance at 1 October 2022 | 714,105 | 91,180 | 805,285 | 848,144 | ||||
| Balance at 30September | 2023 | 722,297 | 93,951 | 816,248 | 805,285 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| Notes | F | 6 | F | 6 | |
| Fixed assets | |||||
| Tangible Assets | 217,202 | 217,202 | 217,553 | ||
| Investments | 416,456 | 86,205 | 502,661 | 483,814 | |
| 633,658 | 86,205 | 719,863 | 701,367 | ||
| Current assets | |||||
| Stock | 636 | 636 | 636 | ||
| Debtors | 10 | 8,791 | 8,791 | 5,091 | |
| Bank and cash balances | 122,721 | 8,246 | 130,967 | 170,877 | |
| 132,148 | 8,246 | 140,394 | 176,604 | ||
| Creditors | 43,509 | 500 | 44,009 | 72,686 | |
| Net current assets | 88,639 | 7,746 | 96,385 | 103,918 | |
| Total net assets | 722,297 | 93,951 | 816,248 | 805,285 | |
| Funds | 12 | 722,297 | 93,951 | 816,248 | 805,285 |
| Investment incom |
e | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2023 | 2022 | |||
| F | 6 | 6 | 6 | |||
| UK Unit Trusts Distribution | 12,411 | 2,539 | 14,950 | 14,971 | ||
| 12,411 | 2,539 | 14,950 | 14,971 | |||
| Grants payable | ||||||
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | 2023 | 2022 | |||
| 6 | E | E | 6 | |||
| The amount payable |
in the year | comprises: | ||||
| Trophies and awards | 314 | 314 | 108 | |||
| Scholarships | 134,962 | 134,962 | 132,054 | |||
| Flying Bursaries | 10,000 | 10,000 | 6,500 | |||
| Academic Bursaries | 3,000 | |||||
| P BSaul Prize (restricted) | 2,500 | 2,500 | 2,000 | |||
| J Landymore Prize |
(restricted) | 500 | 500 | 500 | ||
| Tymms Lecture | 2,254 | 2,254 | 1,965 | |||
| Other scholarship | expenses | 1,160 | 1,160 | 807 | ||
| Donations paid |
2,992 | 2,992 | 2,500 | |||
| 151,682 | 3,000 | 154,682 | 149,434 |
| Accommodation | costs |
|---|---|
| Equipment and computer costs |
|
| Travel expenses | |
| Trustee meetings | |
| Depreciation |
| Management | and adm | in | istration | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 8 | E | |||||
| Administration | services | 5,443 | 5,100 | |||
| Independent | examination | fees | 300 | 300 | ||
| Accountancy | 2,400 | 2,400 | ||||
| Telephone and communications |
6 | |||||
| Postage, printing and stationery |
60 | 152 | ||||
| Legal and professional | fees | 50 | 43 | |||
| Professional | committees | 450 | 250 | |||
| Sundry expenses | 12 | 12 | ||||
| Bank charges | 115 | 115 | ||||
| 8,830 | 8,378 |
| Tangible Fixed Assets |
|
|---|---|
| Land 8 | |
| Buildings | |
| Cost | |
| At 1 October 2022 | 221,771 |
| Additions | 875 |
| At 30September 2023 | 222,646 |
| Depreciation | |
| At 1 October 2022 | 4,218 |
| Charge for the year | 1,226 |
| At 30September 2023 | 5,444 |
| Net BookValue | |
| At 30September 2023 | 217,202 |
| At 1 October 2022 | 217,553 |
| Fixed Asset | Investments | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Listed investments | Funds | Funds | Total | ||
| E | E | ||||
| Market value | |||||
| At 1 October | 2022 | 400,841 | 82,973 | 483,814 | |
| Revaluation | surplus | 15,615 | 3,232 | 18,847 | |
| Market value | |||||
| At 30September 2023 | 416,456 | 86,205 | 502,661 | ||
| Historical cost | |||||
| At 30September 2023 | 327,050 | 49,517 | 376,567 | ||
| At 1 October | 2022 | 327,050 | 49,517 | 376,567 | |
| Debtors | |||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | 2023 | 2022 | ||
| 6 | E | K | |||
| Prepaymenls | 291 | 291 | 91 | ||
| Due from Air | Safety Trust | 8,500 | 8,500 | 5,000 | |
| 8,791 | 8,791 | 5,091 |
| Creditors | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restric | ted | Total | Total | ||
| Funds | Fund | s | 2023 | 2022 | ||
| E | 6 | |||||
| Other creditors | 14,059 | 14,059 | 34,742 | |||
| Accruals | 25,020 | 500 | 25,520 | 35,175 | ||
| Due to The Honourable | Company | |||||
| of Air Pilots | 4,430 | 4,430 | 2,769 | |||
| 43,509 | 500 | 44,009 | 72,686 |