Trustees Annual Report for the periodPeriod start date Period end date

From 01 June 2017 To 31 May 2018

charity name Hawker Typhoon Preservation Group

Other names charity ia known by HTPG

Registered charity number (if any) 't 167't 43

Charity's principal address 10 Ridgewood Industrial Estate

Ridgewood

Uckfieid, East Sussex

Postcode TN22 5QE

Names of the charity trustees who manage the charity

34

56

7

8

910

11

12

1314

15

1617

181920

Trustee name

David Robinson

Sam Worthington-Leese

ONce (lf any)

Project Founder,Chair & Trustee

MembershipSecretary & Trustee

Dates acted if not for wholeyear

Name ofperson (orbody) entitledto appointtrustee if an

Trustees Annual Report June 2017- May 2018

Names of the trustees for the charity, lf any, tfor example, any custodiantrustees)

Name

Paul Hooper-Keeley

Dates acted If not for whole ear

Names and addresses of advisers (Optional Information)

T e of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Trustee'8 David Robinson and Sam Worthington-Leese

Description of the charity's trusts

Type of governing document(eg. tl'Ust deed, coAstltutiorl)

Constitution Adopted on 17 May 2016

How the charity is constituted(eg. trust, association, company}

Incorporated Organisation

Trustee selection methods(eg. appointed by, elected by} Appointed by current Trustees annually

Addltlonal governance Issues (Opeonal lnforrnatlon)

You may choose to includeadditional information, whererelevant, about:

~ policies and proceduresadopted for the induction andtraining of trustees;

~ the charity's organisationalstructure and any widernetwork with which the charityworks;

e relationship with any relatedparties;

~ tru8tee8 consideration of majorrisks and the system andprocedures to manage them.

Having regard to the CIO'8 organisation and ac5vities, it is the view of theTrustees that the major risks to which the CIO may be exposed are Iatgelyfinancial and regulatory in nature. Systems of internal control providereasonable assurance against lo88 and exposure to regulations and theyinclude:

1. Regular review of the financial position of the charity2. Segregation of duties between Trustees3. Procedures for the authorisation of all transactions4. Identificatio and management of regulation changes

The trustees continue to be vigilant and to keep the financial position ofthe charity under review to ensure that the major risks, to which the charityis exposed, are mlgated.

The Trustees have created posts within the CIO and appointed volunteersto be vigilant and to review any changes in regulations which may affectthe CIO activities.

Trustees Annual Report June 201' - May 2018

All trustees volunteer their time and received no rsmuneration, or otherbenefits, in the role.

0 ~

Sumlnary of the objects of thecharity aet out ln itagoverning document

1. To preserve and protect a Napier Sabre powered Hawker TyphoonMk1b aircraft and return her to full working order for the benefit ofthe public and to demonstrate and display her to the public; and

2. To advance the education of the public in Hawker Typhoon aircraftand their crews for the benefit of British Heritage, remembrance andhistoricai knowledge and in particular:

a. Its associated provenance and historical context;b. Its aviation and engineering heritage,c. Its significant heritage interest,d. Its operational and maintenance procedures and

pf'ocessese. Its design, engineering and technologies

Summary of the mainactivities undertaken for thepublic benefit In relation tothese objects (Include withinthis section the statutorydeclaration that trustees havehad regard to the guidanceissued by the CharityCommission on publicbenefit)

In planning all the charity activities for the year 2017-2018we havecontinued to reference the Charity Commission's guidance on publicbenefit at our Trustee meetings.

The full focus of our activities during the year has been to continue toadvance the education of the public in the Hawker Typhoon aircraft andtheir crews, to preserve and protect the project airframe (serial numberRB396) and to raise funds towards the first stages of rebuild. We havecommitted to maintain a presence at as many public events that ourtrustee and volunteer base will allow and expand to a much largerfootprint at major air shows in the UK which will enable us to grow thevolunteer and member base.

We believe that by continuing to adopt a policy of re-investing fundsraised into merchandising, the project, the base for the organisation andthe appointment of a licensed company to oversee the rebuild of RB398that this will empower the organisation to reach a larger public audience.In return, this will allow the organisation to continue to develop theobjects of the charity.

Additional details of objectives and activities tOptlonal Information)

You may choose to includefurther statements, whererelevant, about:

~ policy on grantmaking;

~ policy programme relatedinvestment;

~ contribution made byvolunteers.

Members of the charity have continued to make a significant contributiontowards the objectives. They volunteer their time to help maintain thebase for the organisation, manage the online shop, host events at thebase and'to attend public events (on behalf of the charity) to further theobjectives. Without their valuable contribution of time, energy,enthusiasm, expertise and on occasions including a financial contribution,we would not have been able to achieve the exposure to the public thatwe have continued to enjoy this year.

The trustees wish to place on record our thanks for all the membervolunteers for their help and their continued support.

Ttustees Annual Report June 2017- Mey 2018

Summary of the mainachievements of the charityduring the year

Iii~maryThe second year for the Hawker Typhoon Preservation Group (HTPG).The incoming resources of the charity for the year to 31 May 2018amounted to f172,787, split:

824,463 was expended on costs for attending public shows,f34,347 was expended on the purchase of merchandise for theonline shop,R3,257 was expended on postage for merchandise,f32,118was expended on oNce costs,f64,868 expended on the purchase of additional partsf85 was expended on hosting the web siteR2,584 was expended on researchR2,535 was expended on advertisingf5,000 was expended on repayments

leaving net incoming resources for the year of R3,530 and total cashfunds of f14,434.

r ~ a r st u st Q SeThe HTPG completed the design and purchase of a bespoke printedgable end for a Qm x 6m marquee, in preparation for attendance atnational air shows in 2018 (and beyond) to further promote the charityand the charity objectives.

The trustees and volunteer team continued to attend regional andnational air shows throughout the 2~ and 3~ Quarters raising the profileof the charity, increasing the membership base and raising funds tocontinue to move the charity forward. The September national air show atDuxford also saw the trustees organise the display of the Napier Sabreengine, this would allow more people to view the engine in one weekendthan had seen it in the 70 years prior to arrival with HTPG.

Il 1

The trustees continued to add new merchandise items to the wsbshop,manage the first renewals of memberships from 2016-2017 and toprepare for the December shopping period.

The trustees and volunteer team organised the 1"Anniversary membersopen day at the unit to provide the chance for members to view theNapier Sabre aero engine (if they had been unable to attend any eventsthroughout the previous quarters) and to see the rest of the project in itsentirety. The trustees had also invited three veteran Typhoon pilots givingmembers the opportunity to meet some of the people who the charityaims to recognise.

1" r 201

The trustees and volunteer team continued to prepare for the 2018events season; the decision was made in Quarter 3 to increase thefootprint to a large marquee at the national air shows. The increased arearequired the organisation and safe transport of the larger sections of RB(including the Napier Sabre engine) and all the associated health andsafety regulations.

The volunteer team continued to service the online orders, merchandiseorders and the first public open day of the season.

Trustees Annual Report June 2017- Mey 2018

r 1 r

The first month of the 2~ quarter of 2018 saw the HTPG host the secondmembers only open day, celebrating and promoting the growth of thecharity during the previous year. Two veteran Typhoon pilots were invitedto the event to meet all the members in attendance and to launch a newseason raflle prizes had been donated by current members. Theseinduded a cap signed by 3 Typhoon veterans.

The HTPG continued to raise funds throughout the year with theseevents, promoting the membership of the charity, benefitting fromquarterly newsletters and provide opportunities to volunteer to help thecharity achieve the objectives.

Brief etalement of thechatty'a policy on reserves

It is the policy of the Trustees to maintain the general unrestricted fundsat a level to provide sufficient reserves to meet the future anticipateddemands on the charities resources.

Having regard to the likely levels of incoming resources and directcharitable expenditure, the Trustees are satisfied that the funds held at31"May 2018 as reflected ln the balance sheet are available andadequate for the Trustees to fuII the obligations of the Charity andmaintain its operations. Reserves held at 31"May 2018 were f14,434.

Details of any funds materiallyin deficit Not Applicable

Further financial review details (Optional Information)

You may choose to includeadditional information, whererelevant about~ the charity's principal

sources of funds {includingany fundraising);

~ how expenditure hassupported the key objectivesof the charity;

~ investment policy andobjectives including anyethical investment policyadopted.

The trustees and rnernbers will continue to raise funds throughattendance of national air shows, the sale of memberships andmerchandise through the website and hosting events at the organisatlonsbase.

Expenditure on the expanded show stands and additional merchandisehas increased the income from allowed the charity to attend the airshows to raise further funds, without which the charity would remainstagnant and hinder the charity objectives being met.

The trustees have sanctioned an increased investment in the national airshows to increase the footprint of the project to a gm x 5m marquee withbespoke gable end. This will require the transportation of the majorsections to the shows, incurring an additional cost, but it is anticipatedthat the increased growth will lead to increased revenue and an increasein the membership base.

The trustees will continually support investment in the maintenance of theexisting bespoke stand, further merchandise options and attendance atthe regional air shows. The Trustees will continue to authorise investmentin any activities that will promote the charies objectives and increase thepublic awareness of the aircraft, crews and project whilst adhering to ourreserves policy.

Trustees Annual Report June 2017- Nlay2018

P r

During the coming year we will continue to place an emphasis on maintaining our presence at public events(expansion to a show in France anticipated) with the aim to continue to advance the education of the publicabout the historical contribution and signNcance of the Typhoon and ail its crews.

The upcoming public events will enable us to grow our membership base, sales of merchandise to the publicand donations to raise additional funds towards securing a base for the pmject and extending the volunteerbase to enable us to expand our availability for future public events.

The trustees will continue to prepare the project business plan for distribution to selected individuals andcompanies who could support the rebuild. The trustees will begin the process to engage with certifiedrestoration companies within the UK. This will enable the charity to plan announcements about who willoversee the rebuild of the aireralt to CAA standards and which company will be the first to receive a contractto commence the rebuild of the rear fuselage.

The trustees declare that they have approved the trustees report above.

Signed on behalf of the charity's trustees

Slgnaturefs)

Full name(a)

PoaNon (eg Secretary,Chair, etc)

David Robinson

Chair & Trustee

Paul Hooper-K

Trustee

Date

Trustees Annual Report June 2017 - May 2018

Charity Name

Hawker Typhoon Preservation Group

Receipts and Payments Accounts

No (if any)

CC16a

For the periodPeriod start date

01i05/2017To

Period end date

31/082018

~ k + a a

A1 Recei ts

Merchandise Sales (Shop)

Membership Sales (Shop)

Events

Unrestrictedfunds

to the nearestt,

'

16,237

30,231

48,810

Restrictedfunds

to the nearest

Endowmentfunds

to the nearest C

Totalfunds

to thenssrset C

16,237

30,231

N,810

Last year

to the nearest6

6,359

16,475

5,683

Donations 34,807 34,607 2,364

Credits

Gift Aid

Loan

Sub total(Gross income forAR)

A2 Asset and investmentsales aee table

3,828

17,074

24,000

172,787

3,828

17,074

24,000

172,787

Sub total

A3 Pa ments

Total receipts 172,717 172,787 30/81

Event Fees

Oflice (Unit)

Research (Project)

Merchandise (Shop)

Merchandise Postage (Shop)

24,483

32,118

2,584

34,347

3,257

24,483

32,118

2,584

34,347

3,257

4,663

10,769

1,445

Web Site Hosting

Advertising

Repayments

Sub total

2,535

5,000

1~389

2,535

104,389 16,917

A4 Asset and investmenturchases see table

Project Paris

Event Equipment

64,868 84,868

3,060

Trustees Annual Report June 2017 - May 2018

Sub total 64,868 ~v, sea 3,060

Total payments 1$$,25? 150,257 10,0n

Net of rtacelpaaf(peymenfs)

AS Transfers between funda

A6 Cash funda last year end

Cash funds this year end

3,530

10,S04

14,434

3,530

10,004

10,904

10,104

~ s» ~ ~

Categories

B1 Cash funds

Details

Cash at Bank

Unrestrictedfunda

to nearest S

14,434

Restriptedfunds

to nsarsat E

Endowmentfunda

to nearest f

Total cash funds

(agree babrnces with receipts arrdpayments accourrt(s))

Details

B2 Other monetary assets Merchandise

Details

Unrestricted

Fund to whichasset balon

Casto onal

13,000

Current valueo onal

B3 Investment asseta NA

B4 Assets retained for thecharity's own use

Details

Event Equipment

Engineering Drawings

Aircraft Structure

Fund to whichasset balon s

Unrestricted

Unrestricted

Unrestricted

Costo onal

Current valueo tional

6,000

10,000

160,000

BS UablINes

Details

Cockpits Package

Tail, Fuselage & Spinner

Fund to whichllabiii relates

Unrestricted

Unrestricted

Amount dueo onal

4,000

24,000

When duso tlonal

Nov-2019

Si natureSigned by two trustees onbehalf of all the trustees

Print Name

~(M gQ r~5~

4» M~-4 ~

Date ofa roval

tel 10m(i

i~ / S /iq

Trustees Annual Report June 2017 - May 2018

Sarah Cattail ACIIA —Group Financial Controller, Shaylor Group Limited

Qmameata

Back Ground

I am a Chartered Management Accountant (ACMA) and have been with Shaylor Group Liinited, a 8140m

turnover Construction Company, for over 14- years. The following comments are not in any sense to be

considered a formal audit of the trust's financial activities but more a general comment on the approach to

managing the Trust.

My comments are as follows:-

1. The records provided show that 2017/18 activities of the Trust i.e.

- Appointing Trustees

- Defining the structure and governance

- Objectives and Activities

P Hooper-Keeley replaced J Edwards as a Trustee

Details of the Constitution adopted. Good risk

management processes in place.

There is a clear definition of the overall objectives of the

Trust.

There is information provided on the achievements and

performance for the Trust on both Financial and Technical

matters for the year 1"June 2017 to 31st May 2018

These activities have all been approached in a comprehensive and detailed manner that clearly shows

a prof'essional approach to managing the finances and activities of the Trust.

2. The Trustees have completed a financial review of their second year of operation and this shows a

good correlation with the defined objectives and activity plan.

3. The source'and application of funds of the trust is dearly detailed but not formally audited against

actual receipts/payments and statements.

4. The Trustees appear to be approaching their activities and duties in a professional and thorough

manner but would benefit by engaging a professional auditor for future years.

Signature Print Name Dale of Approval

Independent Examiner Shaw mvTeLC ,i5/m &1

Trustees Annual Report June 2017- May 2018