Charlty number. 1132398 Royal Alr Forc• 8th Norton Junlor Rank8 Wgware Fund Annual R•port and Unaudltsd Flninclal Stst•ment• for th• y•*r d•d 28th F•bru•ry 2026 Wtrrtn To¥fflsend Chartered A¢countsnts Oxlord
Royal Alr FofC4 Bth Nortort Junlof Ranks Welfare Fund Tru•teoa of the Charfty Group C8m•n Louise Ann Henton Prln¢lpal Address.. Royal 'r Force 8rtte Norton JLmb)r R¥nks Wolfare Fund Carterton Oxfordshire OX18 3LX
Royal Air Force Brize Norton Junlor Ranks Welfare Fund Fln•ncSal Statements for the y•r ¢nded 28th February 2026 Tabh of Contsnt Pag• R¢ptrt ofthè Trustees Independw)t Examiner$ Rer#)rt statement of Financial A¢¢8 Balance Sheet Cash Flow Stslem&nl Notes to the Flnanaal Ststements 8-13
Royal Air Force Brize Norton Junior Ranks Welfare Fund Report ofthe Trustees lorth• yèar ondod 28th FgbrLWry 2026 Tha Trust•es pr&sèntthoir r¢F#Yt and thtr fin8Nyal stalements the year ended 28th February 2026. Tho Tru$te•s have adopted the provisxKs of the Siatemenl ol Recomrnended Pract"C8 ISORPI 'AcCCtIng and Reporting by Chanties. IFRS1¢Y21 in wepann9 the reKK)rt and finan¢ial $tatemenl$ of the CIKrty. Obh•¢l1¥•• and a¢tlvl¢kn• ol th• ¢Ity The object of the Junior Ranks WeW8re Fund is the promotion. provoK>n and suppori of social. $portin9 and oth&r fa¢ilrtrtis for the mil'lary effioency and welkbeing of SeNic8men and Servwomen. The objects also ext¢nd to making grants lo ony aclNity which, sn the opinion of the Truslees. ui futtherance ofth6 objectives of the charity. Erura $pint dtr ¢typs by enabliro Semce Membws to mix together. so as to help keep serv tradrtions alive and encourage th¥ well-l)ein9 of Ihe Communty. Encouraging, supporng, and faalitating the devebprnent of sport to rai $tsndard$ and to promots tha link to fitness. teamwork and personal development Ihrw9h Srting actwty and opportunitie5. Supporbng facilities and capytal projects to enabk Ihe bést pos$iblè provKsion for the RAF 8nze Norton communrty, which IndLKl•s MOD ciilJan$. Th¥ main 8¢tiwh8 are.. The yovisNJn of gran13 to Ferg1)Mel of the rank ol Corporal ol below lj'unior ranksl to 8SSiSt wrth the ts)8t8 a860dated wlth athentur8 trainir¥J or Spytsng aclwbb•s. 21 Sub81dlsiro ¢osl ol soo81 ¥dM"1S•8 on haV ofjunlty r8nk6. 31 Grants Iirnrd8 the proviM 01 $poJting and weware wants tthvards the prowsion of equipment or facilities which wll enhance the $oco1 envwonment of the junior r8nk$ at Royol Air Force Briz$ Nortcrt. Publ1¢ b•n•llt •lat•m•nt The Trustees confirni that they hava relefr8d to guthn¢• ¢)n publt b•nefit wh•n r•vi•wng the carity'8 alm$ and objectives. and in implementing aTrd annIng current and fiJre acbvjb'es. SITU¢tur•i go¥•rnanc• and manag•m•nt Royal 'r Force 8rize Norton juni Ranks KlIar FuThJ was registered vrith tha Charity C¢mmi$si¢n on 29tt1 October 2009. The registered numter is 1132398. The charity is An nIrrSted assoc4th.on 9ovèmad by its trust dead. The Station Commander at RAF Brlle Norton is appointed as th• ex-officio Managing Trustèe ol all Serv Fund$ al RAF Brize Norton. Apntrnent$ are controlled by the RAF Manning, based at Air Command, RAF High Wcornbe. The Trustee deleg&te5 the daY-tdaY mana9emenl and contrd oftheJunior Rank5 Welfare together with the authority for the disbursements ol grants and loans. to a managemènt MMIttee d)aired by th8 Pre&denl of thè servi Insts'tute Cornmittee. who Is appointed by the Trustee. Mernbers ol the comrnittee are appointed frorn each ol the workj'ng areas OT secb'ons of Iha Un However. al manag•mont d8n$, aL¥ui$ib"ons and expenditure arè suLyect to the Trustee's approv4 by sgnature in the minute book. Crynrnrttee rneetings take aCe each month. The dget for Ihe next finanaal year is set in January by the Commrttee for thè approval of the Mèmbers 818 General Meéting. Tho Annual Gerra1 Meeting ratifies the Annu81 Accounts and ratifies any committee appoj'ntsnents. Minutes are taken at each committee meating and aro arculated de¢troni¢alty to th Twse within len vrt)rking days oflhe meets'rvJ for approval. Tha Stsiion investment stregy dir that suffiryent income is generaled lo heavity subsidise running costs. Furthemiore, Brize Norton has an intemal Ac£ounts Officer who prOdeS finanaal 85515tancè to the M85S cornmittee. Finally. a Service Funds Intemal Audit Board Is aLso convened at the start of each financial year to carry cxjt an internal ¥ithmthC and management audit of the charty to en$we the Fd is run in line wrth Charity Commi8son guidelires and law.
Royal Alr Force Brlze Norton Junlor Ranks Wthr• Fund Report of the Trusi••s for the year ended 28th February 2026 Inv•$tmvnt powtr Trustees have the powerto deFX)Srt or invest fvnds in any manner (but to invest only after obtsining such advice from a finanoal exFert as the Trustees consider necessary havin9 regard to the surtabilty of invesiments aid the need for diversfficatin}. Plans for lutur• perlod• The main aim ol the Junior Ranks Welfare Fund is to encouragtr spirit de corps by enabling serVe Memr5 to rnix together. so as to help rnaintain service tradth.ons and encovrage the welbeing of the community. To this aim, plan8 for the lulure Indude wntinurvJ to proVe monetary supwjrt lor sports or adventurous train>ng actNiti•s. Requests for assislanco other athtbes are tye LP)n b8S8d on the merit8 of the individual t4d. Revlew of tranuctlon¥ and Iln•ncl•l po8lUon {In¢ludlng r•8•rv•g pollcyl The Fund had a contingent li81 to the ROY hir Forcé Central Fund. was £69,808 On 41h January 2016 thè chanty was Informed by RAF Céntral Fund that Ihe contyn9ent Ila"11fy had been reda85ified 0$ permanent endowrnent grant There wll no longer be 8n annual Increase in the surn and th• charity has no wer to convert the capital prowdèd into incomè and the lund is to be held Indèfinitely. The endowment fund must be invested and be ma¢ntain8d at an investment valu¢ Mles$ Ihan th&eThJowed thonie$, $ubjKllo mark6t value losse5 and tJflatson. The fund is represenled by inv•stments heid in è numbw of funds. The value of endowment fund rnonie8 wa8 £69.808. th lurthor investments v8lLkfjd at £40S,145, total £474.95312025 10ts1.' £444.058I. Unre8tri¢t4d res*rv•s. £632.651 12025.. £725.3541 r¢wesent greater than 12 months exp8nditure whkh the truste•s feel provide suffiaent cover. Principal funding 18 from swrnming pod and bovAiTrJ in¢omtr. fepr¢sents $1%12025'. 47%) and 30% 12025.. 29%) respecttv•ty of the lurKI'$ totsl in¢ome. All expenditure is m8do lor th& b0fft of thè membw8. Th• fund has a neulr81 ethical investment Ihf¢Jffjh inve8tirKJ In investment fijnds, vthith di9n8 wMh tho generic investrnent 8tr•te9y a$ di¢tste<l ty HQ Air CommaThJ. Rl•k Revl•w The Charity has taken oul Employws tiabdty Insur¥rL¢O, Pubk Uabilty InsurarrE and Tru$teès Ind•mnity Insurance. Commitments to project lundirYJ are onty ever ort the basis that incorne has been secuied by Ihe Charity. The reserves policy enables th8 Charity io wind up without conseqUtIal 105$ il nècèssary. Appropria1& 8ccounting and financial ctrS are in Fdace.
Royal Alr Force Brlzè Norton Junlor Ranks Welfar• Fund R•port ofth• Trustees for the year ended 28th February 2026 Trust•ès' r•$pon•lbllltl•• Laws applicable to Charities England and Wales wuKethe Trustsesto prepare financaal ststements for each financial year which give 8 true and fair vW of the state of affwrs of the Charity 8nd of tre surplus or deficit of the Charity for that period. In prepariThJ those financial statements. the Trustees are required to.. select subtable accounting pclicies aThJ th$n apF4y them consistenyy" rnake jLMlgements and estimates that are rea$£able aTrJ pnJden( state whether apttab acctyjntsro standards havp) bn fdlowed sutr4.ed to ary mri•l d•pathr•B disdosed and eXained in the financial stat8m8nts, and.. prépare the finana $tat•m•nts on a going ¢7Jncem basi$ unle$6 it is inwprcpriate to pres9 th81 the Society will ¢onbnL. The Trustees are responsible for keepTng pr¢per ¢nts"n9 rers. bthi¢h disclose vAth reasonable a¢cur8¢y at any ts.me the financial posrtion of the Charity. They are dso responsible for safeguarding the assets ol the Chgrty ond hnco of 18king 0$¢nObl& the preventieffj d8teth'¢ ol fravd and othw irregularllies, CLYl&¢tiv¢ty the tru3tets8 ensur• thty have the cowecl 8klll MÈX to be re1b8 and accountable for en8uring e Charity cornplies with its obligations. Th• Tru•t•• Group Captain Loui$• Ann trnton Tru•t•• •ppolntm•nt, Inductlon and tr41nlng Appointrnonts ar• mad• ty th• RAF Manning. Alr Ctynmwd, 1vj propw rtgord to lh8 rangè of Aklll$ and experience needed to govern the chalty. Pre-appointment to trusto&ship, fulur8 trustees are briefed by Air Coomand Serv$ Funds Subj8¢t Matter exFert5 8nd attend ¢TU5tee traini. On appThntmt, Trusitre$ are provided with copies olthe Trust Deed. annual reports and other relevant Material. OTrgoing advice isthereafter providéd t¢ the Truste¢ 8$ èpproprote. Appro by tha Trustees on IYA .. 2026 and svJn8d rts behaff by Group Captsin Loul•• Ann Honton Trustee
Royol Alr Force Brlze Norton Junlor Ranks Welfarè Fund Independent Examinews Report to th$ Trustets of Royal Alr Force Brlze Norton Junlor Ranks Welfare Fund I report on the accounts of the Charity for the yèar en(led 28th February 2026 which are set out on page 5 to 13. Responslblltties and ba$1$ of report As the charity's trustees you are responsible ft)r the preparation ot the a¢¢ounts in acwrdance with lh8 quirements ofthe Chafillos Act 20111.the Acri. I report In resFeCt of my examinab.on of the charity's aecounts carried Dut under section 145 of th# Act and in carrying out my examination I have followed all the applicable Direction8 given by the Charity Commission under section 14515llbl of the Act. Indep•ndent oxamlner's statement sin the charity's gross income exceeded £250.0 your examiner must be a membèr of a body listed in section 145 ofthe Act. I confirrn that l am qualified to undertak6 the examination because l am a member ol the Institute tsf Chartered Accountsnts in Erigland and Wales. which 18 one of the liste(S bodlo I hav& completed my examination. I confirrn that no materi41 rnatters have come to my attentTh in connection th the 8xaminon giving me cause to b8lleve that in any rnaterial respect." accounting re¢cirds were not kept in respe¢f of the charity as required by s8dion 130 of the Art or the accounts do not accord with those records,. OT the accounts do not compty with the applicable requirements concerning the fom) and content of accounts set out in the Charsties {Accounts and Reptsrtsl Regulations 2QK)8 other than any requirement that the accounts gNe a Irue and fair view. whi¢h is not a matter considered as part ol an independent examin8110n. I have nci ¢on(xms and havecome across noothermatter& in connection wIth&examInation lo which attentk)n should be drawn in this report in order to enable a proper understandlng ol the accounts to be r8achEd. Mr Alay Bahl 8A BFP FCA Partner Wenn Townsend Charterèd Accountar Oxford . 2028
Royal Alr Foru Brlze Norton Junlor Ranks Wewaro Fund Balancè Shéèt as at 28th February 2026 2026 2026 2026 Endovmi•nt Unr•strlet8d Re8trlctgd Fund Fund Fund 2026 Total 2025 Total Flxed Tangible a58ets Investments 218.739 405.145 218.739 474,953 253,196 444.05e 10 Total flx•d aMots 69.808 623.884 693,692 697,252 Curr•nt aM•ts Slo¢k Cash al bank and in hand D8btOfS 8.535 8,535 44,421 8.039 10,650 146,388 22.357 8.039 Totsl ¢urr•nt i•*•ts 22.357 60.995 157.038 Curront IIAbllltle• Cred((ors- ¢Yut wlhin one ye•r 11 29,871 29,871 36,771 Net curr•nt W•t• 8.767 22.357 31.124 120.287 Nèt 8•8•ts 632.851 22,357 724.816 817,519 Fund• Unr8strLted Re5trict8d lund$ Endowment fund- permanent 632.651 632,651 22,357 69,808 72S.354 22,357 69,808 13 12 22,357 69.808 632.651 22,3S7 724,81e 817.519 MA-/ The a¢¢oun18 w•ro 8pprov•d al 8 m•etH19 of the Trustse$ on ......................... 2026 and signed cn it6 alf Group Captain Louise Ann Henton Tru¥tee The not¢$ on pag•$ 8 to 13 fomi part of th•a• accounts.
Royal Alf Foe 8rfzg Norton Junlor RankB Welfare Fund CaBh Flow Statwnent ¥$ at 28th Febry 2026 Notes 2026 2025 Net co$h flowfrom operatlng actlvttl 14 170,3161 26,644 Co$h flow from In¥estyng actlvl¢le¥: Purchase of tangible assets Cash receipts for investment disp)sd8 Rtalised profit on $81& of investments Unrealised bs51lgainl on investments 17551 138,4951 122.0931 18,8031 {11,7051 N•1 u•h flowlrom Inv••tlng a¢tlvltl•4 131,651} 150.2001 Ca8h flow from flnanclno aetfvltl•s IDecrea¥elllncS¢ in overdraft N•t •h flow from Ilnanclng etlvMI•• Not Idec¥8as•yinc*• in Cash 1101.9871 123,55BI Ca•h •t 1•t Mar¢h 2025 148.388 189.944 Ca•h at 28th F•bruary 2026 44,421 146,388 The notss 90¥ 8 to 13 lonn part of the a¢¢ounts.
Royal Air Force Brize Norton Juntor Ranks Welfare Fund Notès to the Finanelal Statements for the year 28th February 2026 8asis of Preparon The charty constitutes a public benefil entsty a8 defin by FRS102. These accounts have been prepared on gn accrual$ basis and indude income and exFenditure 8$ tlw are earned incvrred. rather than as cash is received or paid. The fina1 5tstements have been prepared in a¢cy)rdance ith Accounting and Reportiry by Charib"Os" Statèmènt of Recornmended Prathcé applicable to arities prepafing their accounts In accordance with the Finantral ReportiNJ Standard aPFlicabl in the UK and Republ of Ire18nd issued in Odober 2019, the Finanaal Reporbng Standard applicable in Ihe United Kingijom and Republic of Ireland IFRS 1021. the Charibes Act 2011. and UK Generally Accepted Accounting Practice. The financHI statements are prepared on a going ¢x•ncem basis und•r the historical cost convtsntion, modified to Indude certain items al fair value_ Significant accounts'ng policies applied In the preparats'on ol these linanual statements are set out bebw. These p•$ have been consistentty applied to all years present ue$S ottJew5e Stated. The Charity is a charitable InsbbAKJn eyemptw t¥<ation uThJer Section 505 oflhe Income and Corptsraii¢n Taxes Acl 1988. dl rhe Charity is 8xgmpt frc4n Ihè r8qLM"rement to prewe a &h Ikyw $ts1om•nt The present8t)n81 currenw is Slwling roundsd to the nearest one pound. Tho ¢omparatwe figure6 present information Ihe period 1st March 2025 to 28th February 2026. The financial statements have been wepared on a g(xng ba$ls gs the TTUStees believ& that no material uncertainties exist. The Twstees have consi¢Jerd th8 level ol fvnds held and th8 èxp8cled vel of Inrne and exp8ndrtUfe for 12 months from auths1n9 lhe financial statements. on the charity. They have conduded that the budgeted InMe and expenditure is suffic1 with th&18v8101 reserves hekl for the charity Its all• lo wrtinue as a goirvJ concwn. Accountlng pollcl Incom• r•cognltlon All incoming resources are inchjded in Ihe ststemenl of fin8ncial actiwities when the charity Is bgally enblle4 to the incom after any perf0mnce COnd.0nS have been met. the amount can be measured rolblY and it is probable that the income wll be received. Inr•Jnè frLvn lineage is indudèd the charity has unconditional entffjernent to the re50urce8. Incorne trom charrtable ac(ivitse5 inthde5 bar, frjnction and gaming incorne. In(zfflo 1$ r¥¢oiVod in txthange lor $vppiving goo<l$ and $wvu$ and is fecognised vthen entitlemtnl h88 curred. Inve6trnents inCLJme is earned Ihrough holding assets for investment purFKJses su¢h as bk deposits, il in¢lude$ inlere$l. The recognised as Ihe thwty's rvJht to recei p8ymant is established. bl Allocatlon of costs to resou•¥ expended Spea'fic items ol expenditure are attributed to the ¥propn"ate categKJry. of, Cost ol gnerathng donats.ons and legaaes. These 8re t ¢o$ts asso&at6d with generating vc4unlary inojmiro resources trom a15 sources other than undertakirYJ chantsble acbMtie5. Charrtable &tivrtiès. These &&the resources ale by Ihe Ghanty in undgrtaking itswork lo rneel its charitable objec*"ves.
Royal Air Fort• Briz• Norton Junior Ranks Wfrllare Fund Notes to the Flnanclal Statements forthe y1 28th February 2026 .. continued bl AllocatSon of ¢ts to resourc expended Icontinuedl Govemance costs. These are c06ts that rdale to th8 genwa running of tharity. The governance cx)sts ol the Chartty artr pAmty 8ssooaied wrth Wtstitu1naI and statutory requirements. These are induded under charitae cDsts. Support costs sh as posta9e and stationery have teen dlocated to actiwty cost crie¥ On a consistent bas. Fund aceountlng The Chanty mainty hc4d8 unrestn'cted fiJTrJ8 vthith can be u8ed in acxordance wth the charSt8bl$ cijjectives ol the charity arKJ at the disGretr of th• trust. Endowment funds represent those assets whith rnust be held Ferrn8n8ntly by th ¢harity, prinopally Ihe RAF Central Fund. Ine arisng on this fvnd ¢an be (tsed In accordance wth the objectives ol the charty and 18 induded as UnreStrted irwmvj. Any gwn6 or loss•$ part ol th• lund. dl No amount is induded in th8 finarla1 Statemts ts wonteer line in lino wth th• SORP IFRS 1021. For donations to b• r•¢o9nls•d the charity VAII hav8 bo8n notified of lh8 8mounts and the settlernent dete in writiry. 11 there are conditi'ons attached to Ihe dOnatn and thi$ requires g level of pèrformance b8for& entltlem8nt can be obtain8d then irtome is deferred unbl those condibons are fvlly met and rt 1$ obat46 that they 11 b• hdfilted. Tangible fixed assets arè stated at cost or deemed cost or valuabon less cUMUlated depre¢k4lion and cumulated impairnenl 105se$. A•m$ arè cathlissd il thèy can be us•d for more tman a year and cost of al least £1.0. Depre¢i8lion i$ proded on all tan91te fixed assets, at rates calculated to ¥rile off the cost. less estimated re6j value. ol each asset on a sy$tgrnati¢ basis ovor rts •xpoct8d useful 8¢onornle life as follows. C8Prtal a$8ets Fixlures, fittings and equipment Propèty lrnprovem¢nl costs 20% straight bne 8.66% straight line gl Investments are recogni%ed al their value vthich is nom8hy th• tran$8¢tion pr •xdudlng tr¥nsa¢tion costs. Subsequently thèy are measured at fair value wrth thanges recognised in net gainslllossesl on investments in the SOFA if the shares are publidy Iraded or their fair value can otherwise be Msured reliabty. Othef inv8sbi)ents ar8 moasured at cost less impaimient. h) Stocks are Slated at the lower of cost ests"mat¥d Wityj prfj. PTowision Is made lor damag&J, cknsol•t• and stoc mowng thns where appropriate. Debtor5 and uedrtors Wth ro 518ted internst rate KI rtCeN8bltr and payable wAthin one year are recorded at transath.on pnce. Any ksses arisiTrJ from irnpairments are recognised in expenditure. The financial 6taternents have been weF*ed ort ¥ g(yng bai$ 86 the truste¥$ beli¢ that no rnaterial uncertainties exisL The trustee5 have con51dered the level ol funds held and expected level ol In¢tyng and èxpandityro for 12 months from the approval date o1th8 )Unt$.
Royal Air Forc• Brizo Norton Junior Ranks W8lfar• Fund Notes to the Financial Stat•mtnts for the year 28th February 2026 . conbnued Grar receivable Unrestrlcted Fund 2026 R•strlet•d Fund 2026 Total 2026 Total 2025 Other donations 7.169 7.169 34,883 7,169 7,169 34.883 In¢omlng r•iour¢•$ erom chartlab aetlvltl•• Unr•¥trlet•d Fund 2026 Totsl 2026 Total 2025 Astra 8¢)wl Swmming pool Spotlight inco Garage F•nilies' club In¢ome Sports bar income Oth•r 141,014 241,S87 2,983 13,654 15,725 16,863 13.160 141.014 241.587 2.983 13,654 15,725 18,863 13.ieo 148.096 243.051 1,912 15,802 26,430 8,296 21.835 444,988 444,986 465,222 Expgndltufo on Ch•rlt•bl• 11¥11$ Th• Charty und8rtc¢* the foluMThJ tharilable ath.$.. Unrestrlcted Fund 2026 rotsl 2026 Total 2025 Govèrnanc8 costs Isee note 61 A6tra 8owl Swimmin9 pod Spotlight club expenditure Minibus and Camper Van Swjrts grant Families. dub exndvre Sports ber •xF¢nditure Other 3,180 175.669 214,633 6,675 14.323 1.800 52.612 25.935 105,125 3,180 175.669 214.3 8.675 14.323 2,940 179,507 191,491 6.495 16,554 52,612 25,935 105,125 26.076 14.253 115.499 599.951 J9.951 554,615 10-
Royal Air Force Brize Norton Junior Ranks Welfaro Fund Notss to th• Financial Statemènts for the year 28th February 2026 continued Gov•manc• costs Unrnstrlct•d . Fund 2026 Totsl 2026 Totsl 2025 Independent r8vW of Unts 3,180 3,180 2,940 3,180 3,180 2,940 Govern8nce costs we induded thtable aCti¥e¥. An&ty•18 of PI0Yee co•ts No emoYeeS are emthed directty by the tharity. Tru¥teM and kgy manag•mgnt p•rwnno1 romuneradon and gxp•n The truslees neithef rec8ived nor waiv&J any remuneration or expenses during the year12025.' £NiE). The total arnount of employee benefit receNed by key managernent pw8cnel is £nil12025'. £nlll. The Iruslees are Con31der to be the key management Fersonnd. There We no high Pa slalf in the ojrrent or prewouB year8. Y•nglblo fixod •ii•t• Flxturnl, Flttlngl & Equlpm•nt Total Co$t As at 1st Mar¢* 2025 Addits'on5 Disposal 499.120 755 177,0401 499,120 755 177.0401 As al 28th Febwry 228 422.835 422,835 Accumulated deprnclatlon A8 at 1st March 2025 Charge for the Perjd D8sxeciation 8llminat8d on disposal 245,924 35,212 177,0401 245,924 35,212 177,0401 As al 28th February 226 204,096 204,096 Net book value As ai 281h February 2026 218,739 218.739 A8 8128lh FetUary 225 253,1 253.196 11
Royal Air Forcè Brize Norton Junior Ranks Wellar• Fund Notes to the Financial Ststements forthe year 28th Fèbruary 2026 . uJntiNed 10. Flx•d ass•t Inveskn•nts 2026 2025 Mark¥i value ¥t begiming ofyear Less.. disposals at opening rnarket vdue Addlldeductl". Nel gainvjllossl on rev8al)n 444,0 432.351 30,897 11,705 Market value at end of year 474.953 444,056 Ll$t•d I¥IMn at lalr v•lu•.' 2026 2025 Property hJnd Japan Far East Fund UK Fixed Interest Structured Reiurn North American Equit Hedge Funds Inlom81ion81 an¢J Thernat UK EquiJ&s Cash lnt8maty.onal Fixed Interest 19.787 21.5[ 142,698 42.634 22,484 38,860 61,513 80.S30 3.714 41,226 9.482 16,012 117.639 43,87fj 34.729 30.094 49,810 e6,105 35,597 40,712 Mwkt vaue at ona ofy•ar 474,953 444.OS6 11. Credltor• due vlthln on• y•ar 2026 2026 Trade creditors other taxe3 and social $e¢urty Awuals and del$(r Incom& 01tr credrtors 8.455 16.188 3,880 4.658 27,633 3,680 600 29.871 36.771 12-
Royal Alr Force Brlze Norton Junior Ranks Welfare Fund Notes to the Financial Statementa for the year 28th February 2026 - c(Jntinued 12. Permanent endovmient fund Tran8fvT8 from At 28th unrestrletsd Fobruary reserves At 1st March 2025 Unr8Jllfj•d RAF Central Fund 69.8Ce 89,808 89,808 During 2015 the RAF Central Fund rec48ssffied Ihe wms advanced to 8 Fennanent endowment grant. There is no power to convert the catrI provided into incom? and th fvnd 1$ to bè htsld ind6finitdy. The endovmient fund musl b& inv¢ste(l and the Investment value must be maintained at a value no18s$ than the ond¢w•d grant monies, sut¥'ect lo markel valu8 losses and deflation. The incom? genorato¢ from the invested funds rnust te u8ed to 8UPWt 8pprowwt• ¢harrtgble athw"t8 oftha Fund. 13. Rtcted fund• At 28th February 2026 At 1st March 2025 Incomo Exp•ndltur• Awator$ improvaments fiJTh 22,357 22,357 22.357 22.357 1& R•eon¢lll*tlon of n•t mov•m•nt In fund• to n•t ¢h Ilowlrnm operatlng actlvltl••.' 2026 2025 Nel rnovement in fur8 Add back depTeaatson charge Add back profiullossl on disposa Ilncre85elldecre8se in Stk Increaselldeu8asel in creditors Increase in debtors 192,7031 35,211 126,8051 34,514 7,024 5,056 6,853 2,115 16,9))) 18.0391 Net cash from oper8b.ng 170.3761 26,644 -13-