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 provis*xKs of the Siatemenl ol Recomrnended Pract"C8 ISORPI 'AcCC￿tIng
and Reporting by Chanties. IFRS1¢Y21 in wepann9 the reKK)rt and finan¢ial $tatemenl$ of the CIK*rty.
Obh•¢l1¥•• and a¢tlvl¢kn• ol th• ¢I￿￿ty
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.
Er￿ura￿ $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, suppor￿ng, and faalitating the devebprnent of sport to rai￿ $tsndard$ and to promots
tha link to fitness. teamwork and personal development Ihrw9h S￿rting actwty and opportunitie5.
Supporbng facilities and capytal projects to enabk Ihe bést pos$iblè provKsion for the RAF 8nze Norton
communrty, which IndLKl•s MOD ci*ilJan$.
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 athentur￿8 trainir¥J or Spytsng aclwbb•s.
21
Sub81dlsiro ¢osl ol soo81 ¥dM"1S•8 on ￿haV ofjunlty r8nk6.
31
Grants Ii*rnrd8 the provi*M 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 c*arity'8
alm$ and objectives. and in implementing aTrd ￿annIng current and fiJ￿re acbvjb'es.
SITU¢tur•i go¥•rnanc• and manag•m•nt
Royal ￿'r Force 8rize Norton juni￿ Ranks K￿lIar* FuThJ was registered vrith tha Charity C¢mmi$si¢n on 29tt1
October 2009.
The registered numter is 1132398. The charity is An ￿nIr￿rSted assoc4th.on 9ovèmad by its trust dead.
The Station Commander at RAF Brlle Norton is appointed as th• ex-officio Managing Trustèe ol all Serv
Fund$ al RAF Brize Norton. Ap￿ntrnent$ are controlled by the RAF Manning, based at Air Command, RAF
High Wcornbe.
The Trustee deleg&te5 the daY-t￿daY 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 d￿8￿n$, aL¥ui$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 Ger￿ra1 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* Tws*e within len vrt)rking days oflhe meets'rvJ for approval.
Tha Stsiion investment str*egy dir￿ that suffiryent income is generaled lo heavity subsidise running costs.
Furthemiore, Brize Norton has an intemal Ac£ounts Officer who prO￿deS 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 F￿d 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•$tmvnt powtr*
Trustees have the powerto deFX)Srt or invest fvnds in any manner (but to invest only after obtsining such advice
from a finanoal exFert as the Trustees consider necessary havin9 regard to the surtabilty of invesiments
aid the need for diversfficatin}.
Plans for lutur• perlod•
The main aim ol the Junior Ranks Welfare Fund is to encouragtr spirit de corps by enabling serV￿e Mem￿r5
to rnix together. so as to help rnaintain service tradth.ons and encovrage the wel￿being of the community. To
this aim, plan8 for the lulure Indude wntinurvJ to proV￿e monetary supwjrt lor sports or adventurous train>ng
actNiti•s. Requests for assislanco other athtbes are ￿￿￿tye￿ LP)n b8S8d on the merit8 of the individual
t4d.
Revlew of tranuctlon¥ and Iln•ncl•l po8lUon {In¢ludlng r•8•rv•g pollcyl
The Fund had a contingent li8￿1￿ to the ROY￿ hir Forcé Central Fund. was £69,808 On 41h January
2016 thè chanty was Informed by RAF Céntral Fund that Ihe contyn9ent Ila￿"11fy had been reda85ified 0$
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 tJ*flatson.
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& b￿0fft 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$teès Ind•mnity
Insurance.
Commitments to project lundirYJ are onty ever ort the basis that incorne has been secuied by Ihe Charity.
The reserves policy enables th8 Charity io wind up without conseqU￿tIal 105$ il nècèssary.
Appropria1& 8ccounting and financial c￿tr￿S 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•$pon•lbllltl••
Laws applicable to Charities ￿ England and Wales wuKethe Trustsesto prepare financaal ststements for each
financial year which give 8 true and fair v￿W of the state of affwrs of the Charity 8nd of tre surplus or deficit of
the Charity for that period. In prepariThJ those financial statements. the Trustees are required to..
select subtable accounting pclicies aThJ th$n apF4y them consistenyy"
rnake jLMlgements and estimates that are rea$£￿able aTrJ pnJden(
state whether ap￿ttab￿ acctyjntsro standards havp) b￿n fdlowed sutr4.ed to ary m**ri•l d•pathr•B
disdosed and eX￿ained in the financial stat8m8nts, and..
prépare the finana￿ $tat•m•nts on a going ¢7Jncem basi$ unle$6 it is inwprcpriate to pres￿9 th81 the
Society will ¢onbnL*.
The Trustees are responsible for keepTng pr¢per ￿¢￿nts"n9 re￿r￿s. bthi¢h disclose vAth reasonable a¢cur8¢y
at any ts.me the financial posrtion of the Charity. They are dso responsible for safeguarding the assets ol the
Chgrty ond h*nco of 18king ￿0$¢nObl& the preventieffj d8teth'¢￿ ol fravd and othw irregularllies,
CLYl&¢tiv¢ty the tru3tets8 ensur• thty have the cowecl 8klll MÈX to be re￿￿1b￿8 and accountable for en8uring
e Charity cornplies with its obligations.
Th• Tru•t••*
Group Captain Loui$• Ann tr*nton
Tru•t•• •ppolntm•nt, Inductlon and tr41nlng
Appointrnonts ar• mad• ty th• RAF Manning. Alr Ctynmwd, ￿1vj propw rtgord to lh8 rangè of Aklll$ 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 appThntm￿t, 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 attent￿Th in connection
th the 8xamin￿on 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 wI￿th&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 Fo￿e 8rfzg Norton Junlor RankB Welfare Fund
CaBh Flow Statwnent ¥$ at 28th Feb￿￿ry 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¥elllnc￿*S¢ 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 Prepar￿on
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 fina￿￿1 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 u￿e$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¢Jer*d th8 level ol fvnds held and th8 èxp8cled
vel of In￿rne and exp8ndrtUfe for 12 months from auth￿s1n9 lhe￿ financial statements. on the
charity. They have conduded that the budgeted In￿Me and expenditure is suffic￿1 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 perf0m￿nce COnd￿.0nS have been met. the amount can be measured
rol￿blY 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 b￿k deposits,
il in¢lude$ inlere$l. The recognised as Ihe thwty's rvJht to recei￿ p8ymant is established.
bl
Allocatlon of costs to resou￿•¥ expended
Spea'fic items ol expenditure are attributed to the ¥*propn"ate categKJry. of,
Cost ol g*nerathng donats.ons and legaaes. These 8re t￿ ¢o$ts asso&at6d with generating
vc4unlary inojmiro resources trom a15 sources other than undertakirYJ chantsble acbMtie5.
Charrtable &tivrtiès. These &&the resources a￿le￿ 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 y￿1 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 pAm￿ty 8ssooaied wrth Wtstitu1￿naI and statutory
requirements. These are induded under charita￿e cDsts.
Support costs s￿h as posta9e and stationery have teen dlocated to actiwty cost c*rie¥ On a
consistent ba￿s.
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. In￿￿e arisng on this fvnd ¢an be (tsed In accordance wth the objectives ol
the charty and 18 induded as UnreStr￿ted irwmvj. Any gwn6 or loss•$ part ol th• lund.
dl
No amount is induded in th8 finar￿la1 Statem￿ts ts wo￿nteer 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 dOnat￿n 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$ pro￿ded on all tan91t￿e fixed assets, at rates calculated to ¥*rile
off the cost. less estimated re6￿￿j 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$8¢tion pr￿ •xdudlng
tr¥nsa¢tion costs. Subsequently thèy are measured at fair value wrth thanges recognised in net
gainslllossesl on investments in the SOFA if the shares are publidy Iraded or their fair value can
otherwise be M￿sured reliabty. Othef inv8sbi)ents ar8 moasured at cost less impaimient.
h)
Stocks are Slated at the lower of cost ests"mat¥d Wityj pr￿fj. PTowision Is made lor damag&J,
cknsol•t• and stoc* mowng thns where appropriate.
Debtor5 and uedrtors Wth ro 518ted internst rate *KI rtCeN8bltr and payable wAthin one year are
recorded at transath.on pnce. Any k*sses arisiTrJ from irnpairments are recognised in expenditure.
The financial 6taternents have been weF*ed ort ¥ g(yng bai$ 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 ex￿nd￿vre
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 th￿table aCti¥￿e¥.
An&ty•18 of ￿￿PI0Yee co•ts
No em￿oYeeS 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 pw8c￿nel 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 2￿28
422.835
422,835
Accumulated deprnclatlon
A8 at 1st March 2025
Charge for the Per￿jd
D8sxeciation 8llminat8d on disposal
245,924
35,212
177,0401
245,924
35,212
177,0401
As al 28th February 2￿26
204,096
204,096
Net book value
As ai 281h February 2026
218,739
218.739
A8 8128lh Fet￿Uary 2￿25
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 rev8￿al￿)n
444,0
432.351
30,897
11,705
Market value at end of year
474.953
444,056
Ll$t•d I￿¥￿IM*n￿ 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
Mwk*t 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&
01t￿r 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 ca￿trI 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"t*8 oftha Fund.
13.
R￿t￿cted 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 fur￿8
Add back depTeaatson charge
Add back profiullossl on disposa
Ilncre85elldecre8se in St￿k
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-