Charity number: 1013628
SPECIAL FORCES CLUB BENEVOLENT FUND
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

SPECIAL FORCES CLUB BENEVOLENT FUND
CONTENTS
Page
Reference and Administrative Details of the Charity, its Trustees and Advisers
Trustee5' Report
Independent Examiner's Report
statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-15

SPECIAL FORCES CLUB BENEVOLENT FUND
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Charity registered
number
1013628
Principal office
PO Box 72299
London
SW1 P 9PL
Page 1

SPECIAL FORCES CLUB BENEVOLENT FUND
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial statements of the Special Forces Club
Benevolent Fund for the year 1 January 2024 to 31 December 2024.
Objectives and activities
a. Policies and objectives
The Special Forces Club Benevolent Fund is a UK registered charity that provides assistance to former
members of the UK and allied Special Forces and Special Intelligence community andlor their dependents who
have fallen on hard times, ill health or bereavement.
The Special Forces Club Benevolent Fund's work 15 funded solely by public donation. Its current and recent
cases include individuals in the UK, Australia, New Zealand, France and Greece that needed either a helping
hand to rebuild their lives after suffering ill-health, bad fortune or PTSD,. or, having served their country whilst in
their prime now find themselves needing help. care and support in their ￿llIght years.
Those that we help are often too proud to ask for support, and it is thanks to the Special Forces and Special
Intelligence communities that we learn of such cases. We take great pride in providing limely help in complete
confidence and acting with speed to ensure a bad situation does not become worse.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit.. running a
charity {PB2)'.
AchTevements and performance
Main achievements of the Charity
The main achievements of The Special Forces Club Benevolent Fund (SFCBFI are that it has provided over 75
years of support and assistance to former UK and allied Special Forces and Special Intelligence persOnne￿and
their dependents who are facing hardship due to ill health, bereavement, PTSD, or financial hardship.
The Charity offer5 quick funding for medical bills, cancer treatment, PTSD support, debt relief, and long-term
care. Additionally, it works with specialist organisations to identify those in need quietly, delivering help swiftly to
prevent worsening situations.
The Charity's key distinGtions are a unique legacy, as one of the few charities focused explicitly on the Special
Forces and intelligence Gommunities, active since World War 11, and a global allyship. It provides support to
veterans from allied nations, not just the U
Summary of Achievements
Long-standing commitment-75+ years aiding the Special Forces community.
Timely financial and emotional aid-covering medical, psychological, and practical needs.
Discreet outreach-using trusted nelworks to reach veterans who may not ask directly.
International reach-supporting beneficiaries across multiple countries.
Media Presence-documented visibility via major international news for tts expeditions.
Total funds available have increased markedly during 2024 as a result of fundraising for
the preparation of the The Nasir, Bekri, Tayi & Lawrence Tribute Trek in the Arabian
desert, which commenced in January 2025.
Page 2

SPECIAL FORCES CLUB BENEVOLENT FUND
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable future. For this reason, they contir)ue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the accounting policies.
structure, governance and management
a. Constitution
Special Forces Club Benevolent Fund is a registered charity, number 1013628, and is constituted under a Trust
deed.
b. Methods of appointment or election of Trustee5
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with
applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to Gharities in England & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming
resources and application of resources, including its income and expenditure, for that period. In preparing these
financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP (FRS 102)-
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material
departures disclosed and explained in the financial statements-,
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports} Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Page 3

SPECIAL FORCES CLUB BENEVOLENT FUND
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Approved by order of the members of the board of Trustees and signed on their behalf by-
Trustee
#10736
Date..
SFCBF -
Page 4

SPECIAL FORCES CLUB BENEVOLENT FUND
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report to the Trustees of Special Forces Club Benevolent Fund ('the
Charity,
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and Basis of Report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with Ihe
requirements of the Charities Act 2011 {'the 2011 Act,).
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 145(51(b) of the 2011 Act.
Independent Examiner's Statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member
of (enter body here), which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities: Statement of Recommended Practice applicable to chartties preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) in
preference to the Accounting and Reporting by Charities.. Statement of Recommended Practlce issued on 1 April
2005 which is referred to in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts to provide a true and fair view in accordance with
the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act., or
the accounts do not accord with those records" or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and faif view which is not a matter considered as part of an independent
examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention shoLJld be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an Independent Examiner's Report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Page 5

SPECIAL FORCES CLUB BENEVOLENT FUND
INDEPENDENT EXAMINER'S REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Signed:
Dated:
Jon Last
FCA
Harwood House
43 HaNood Road
London
SW6 4QP
Page 6

SPECIAL FORCES CLUB BENEVOLENT FUND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Tot81
funds
2023
Note
Income from:
Donations and legacies
294.388
294,388
34,340
Total income
294,388
294,388
34,340
Expenditure on:
Charitable activities
134,987
134,987
41,866
Total expenditure
134,987
134,987
4t,866
Net movement in funds
159,401
159,401
(7, 526)
Reconciliation of funds:
Total funds brought forward
Net movement in funds
25,999
159,401
25,999
159,401
33,525
(7, 526)
Total funds carried fO￿ard
185,400
185,400
25,999
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 15 form part of these financial statements.
Page 7

SPECIAL FORCES GLUB BENEVOLENT FUND
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Current assets
Cash at bank and in hand
188,400
25,999
188,400
25,g99
Ciedilors.. amounts falling due within one
year
(3,000)
Net current assets
185,400
25,999
Total net assets
185,400
25,999
Charity funds
Unrestricted funds
10
185,400
25,999
Totsl funds
18S,400
25,g99
The financial slatements were approved and authorised lor issue by Ihe Truslees and signed on their behalf by-.
Twslee
Date..
i?1,, /&)
The notes on pages 9 to 15 form part of these financial slalemenls.
Page 8

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General information
Special Forces Club Benevolent Fund is a UK registered charity, number 1013628 that provides
assistance to former members of the UK and allied Special Forces and Special Intelligence community
andlor their dependents who have fallen on hard times, ill health or bereavement.
Accounting policie5
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102)
Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Re9ulations 2008 only to the extent required to provide a 'true
and fair, view. This departure has involved following the Charities SORP (FRS 102) published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Special Forces Club Benevolent Fund meets the definition of a public benefft entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
stated in the relevant accounb'ng policy.
2.2 Income
All income is recognised once the Charity ha5 entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned belween those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a
commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
Page 9

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.4 Cash at bank and in hand
Cash at bank and hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
2.5 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is pr()bable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate thal reflecls the risks specifiG to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
2.6 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.7 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Page 10

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacles
Unrestricted
funds
2024
Total
funds
2024
294,388
294,388
Donations
Unrestricted
funds
2023
Total
funds
2023
34,340
34,340
Donations
Analysis of grants
Grants to
Individuals
2024
Total
funds
2024
26,965
26,965
Grants made
Grants fo
Individuals
2023
Total
funds
2023
41,866
41,866
Grants made
Page11

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
26,965
102,425
743
900
3,000
18
26,965
102,425
743
900
3,000
18
936
Grants made
Trek costs
Paypal charges
Website costs
Accountancy
Bank charges
Souvenir Coins
936
134,987
134,987
Unrestricted
funds
2023
Total
2023
41,866
41,866
Grants made
Page 12

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
cost5
2024
Total
funds
2024
26.965
26,965
102,425
743
900
3,000
18
Grants made
Trek costs
Paypal charges
Website costs
Accountancy
Bank charges
Souvenir Coins
102,425
743
900
3,000
18
936
936
26,965
108,022
134,987
Granl
funding ol
activities
2023
Total
funds
2023
41,866
41,866
Grants made
Independent examinerfs remuneration
2024
2023
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
2,500
Trustees. remuneration and expenses
During the year, no Trustees re￿IVed any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 13

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Creditors: Amounts falling due within one year
2024
2023
Accruals and deferred income
3,000
10. Statement of funds
statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
Reserves
185,400
25,999
294,388
(134,987)
Statement of funds- prior year
Balance al
31
December
2023
Balance al
1 January
2023
Income Expenditure
Unrestricted funds
General Fund5 - all funds
25, 999
33,525
34,340
(41,866)
Page 14

SPECIAL FORCES CLUB BENEVOLENT FUND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Summary offunds
Summary of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
General funds
25,999
294,388
(134,987)
185,400
Summary of funds - prior year
Balance al
31
Decembei
2025
Balance al
l January
2023
Income Expenditure
General funds
33.525
34,340
(41,866)
25,999
12.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
188,400
(3,000)
Current assets
Creditors due within one year
188,400
(3.000)
185,400
185,400
Total
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Tofal
funds
2023
25,999
Current assets
25,999
25,999
25, 999
Total
Page 15