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|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|
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|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||||
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||||||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|
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|||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|
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|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|
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|Accommodation|costs|
|---|---|
|Equipment
and computer costs||
|Travel expenses||
|Trustee meetings||
|Depreciation||
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|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||
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|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|
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|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|
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|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|
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