Company R￿istIatIOn No: 084183671England and Wales)
Charlty Regi5tratiofi No. 1154822
RAFA KIDZONE LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023
*AKIW4C9*
271W2024
CIYIPANIES HOUSE

RAFA KIDZONE LIMITED
REFERENCE AND ADMINISTRATIVE DETAILS
YEAR ENDED 31 DECEMBER 2023
Reglstered charlty number
1154822 (England and Wales)
Reglstered <ompany number
08418367 (England ar)d Wales)
Re8istered office
Atla5 House
Wembley Road
Leicester
England
LE3 IUT
Trus¢ees
R Huxford MBE
R Brutnall
P Sherwin (appointed l March 20241
Secretary
R Brutnall
Principal oifKe
Atlas House
Wernbley Road
Leicester
LE3 IUT
AudStor
UHY Hacker Young
Chartered Accountants
14 Park Row
Nottingham
NG16GR
Bankers
Bardays
Bardays Business Park
Leicester
LE87 2BD
Investment Managers
Rothschild & Co
New Court
St Swithin's Lane
London
EC4N 8AL

RAFA KIDZONE LIMITED
TRUSTEES. REPORT
YEAR ENDED 31 DECEMBER 2023
The frustees of PAFA K￿zOne kn"miied (the Chaiityl present this report and the finantial ststernents of the Charity for
the period ended 31 Oecember 2023. The finan¢i¥l siatements have been prepared based on the accounting policies
set out in note 2 to the financial statements.
A5ms and Oblects
The object of the Charity is to enhaTr￿ ihe development and education of children and provide for their individual
needs. Thrs is done by offering indusive and appropriate play and leamin8 facilities that meet the needs of all children
regardless of family Status. disability, colour, ethnic or¥in, religion or belief.
Acii¥ities
The Charity meets it object by the holding and investing funds for the benefrt of children attending the nursery settin8s
at specific station5 to benefit RAF personnel.
The Charity donated £203.074 to nurseries its Restricted and Desi8nated Funds during the year to fund improvements
at the nursery settings.
Public benefit
Whilst the Charity has in the past provided childcarè for the children of 5er¥in8 personnel, uvil servants and contractors
working at RAF Cranwell. its services are available to families in the wider community as well. The charity does not
currently have any nuisery settings IIiAF Cranwell having transferred to RAF Kidz LirnitÈd in 20221. it still holds and
attrads fundin8 and donations for the purp95e of 5UPPQrting childcare and developin8 nursery settin85.
In draftingthe above statemènts, theTrusteès have complied with the duty in theCharitiesA¢t 2011, to have duè regard
to public benefit guidance published by the Charbty Commission.
Financial Review
In the twelve months to 31 December 2023, the Chariws income was £243.630 12022= £897.9191. The Charit￿$
expenditure were £206,51512022.' £839,871). resultinB in a surplus of £S2.$0312022: £56,262). The capital and re5eryès
of the Charity at the end of the year were £266.84312022- £214.2301.
Reserves pollcy
Trustees have reviewed the Reseryes Policy and have affirmed the restricted and designated funds as Set out in note
10. which exist to ensure that the Charity can continue to invest in projects which support the achievement of its
charitable object and.improve the experience of children attending the speu.fic nursery settings. The designated fund
of É38.000 has been created to allocate accumulated fund5 from when the cornpany had FiAF Cranwell Nursery for
future applieètion atthat nursery. As of 31 December 2023, total funds are £266.843 of which free, unrestricted reseNes
are £13,358.

RAFA KIDZONE LIMITED
TRUSTEES. REPORT (continued)
YEAR ENDED 31 DECEMBER 2023
Structure and Governance
The Charity is a company limited by guarantee and a re8iStered tharity 8ovemed by its Articles of Asso¢iation. The
Charity is registered with the Charity Commission and with Ofsted.
The Charity Is 3 wholly owned Subsidiary of RAFA Kidz Limited, which isa whollyowned subsidiaryof the Royal Air Forces
A$50¢iation (registered charity number 226686 and SC0376731.
The Board of Trustees is collectively accountable for the long-term success of the Charity and Trustee5 act in accordance
with their duties under charity law_ frustees are also company direclors and subject to the director5, duties set out in
sertion5 170-177 Companies Act 2(￿.
The Board is responsib￿ for the CharitV5 cornpliance with all relevant legislative and regulatory requirements. It Is
rèsponsible for determining the strateBV and values of the Charity, its performancÈ. standards of conduct and corporate
governance. The Board reviews the position of the Charity and receives reports from the Management Team lèd by the
Manager. The Board is responsible for approwng the annual businèss plan and a range of supporting strategies. The
Board believes ihat good governance is key to the ongoing success of the organisation. In ierms of maintalnlng high
standards of governance and has adopied of the Charity Govemantè Code for smaller charities.
Composition of the Boord of Tmstees
The Trustees who served in the year to 310etember 2023 are listed below.
R P O'connor (resigned l March 20231
R Huxford MBE
R 8rutnall
P Sherwin lappointed l Mar¢h 20241
All Trustees give their time voluntarily and re¢eive no benefrts from the Charity. No expenses were reclaimed from the
Charity. RP O'connor. R Huxford. R Brutnall and P Sherwin are employees of the Royal Air Forces Association.
Connor 15 a direttor of RAFA Kidi Limited.
In accordance wth the Charl￿5 Articles of Association. Trustees are appointed by thecharivs sole member, RAFA Kidz
Limtted. When recruiting new Trustees appropriate due dil¥ence is carried out to ensure that ondidates have a valid
DBS check, are eligible to act as charity trustees and coinpany directors in accorLlance with the Articles of Association,
Charities Act 2011 las amended by Charities Iprotection and Soual Investment) Art 20161 and CompanTres Act 2006 and
are fit and proper piersons a5 define(l under the mana8ement condition in Finance Ad 2010.
Each Trustee 15 provide(1 with a briefing pack and an individual indurtion pro8ramme is agfeed and implemenied
¢overing all aspects of the role and the work of the Charity as required. Trustees a150 recerve ongoin8 briefin8s and
training from subjert-matter experts and external advisers in crititsl areas su¢h as ¢)tsted fegulation. safe8uardiA&
health and safety, data protection, risk management and reserves.

RAFA KIDZONE LIMITED
TRUSTEES. REPORT (continued)
YEAR ENDED 31 DECEMBER 2023
Risk Management
The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial
and othenyise. to provide reasonable assurance ihat its assets are safeguarded against unauthorised use or disposal,
that proper records are maintained. and information is reliable and that relevant laws and regulations are complied
with.
As a member of the Royal Air Forces As50Ciation group. the Charity 15 5ubjert to the Asso¢iatTron's Risk Management
Policy and Trustees have reviewed their risk appetite durin8 the year. In terms of priorities, Trustees havè agreed that
the need to avoid reputational. compliance and excessive finanoal risk will take priority over other factors. whilst
recognising a balanced assessment has to be taken as. in many cases. there are risks attached to both doing something
and doing nothing.
The risk rnanagement process set out in ihe poli¢y is desi8nÈd to identify and assess rsks and so that appropriate risk
management strategies are implemente(l. and their effertiveness monitored. Trustees have identtfied the following a5
its key risks=
Regulatory compliance. Mitlgation includes employment of professionally qualified staff and mandatory
trainin& the support of relevant subiert matter experts empbye(I by other group companies and regular
eviews of poliaes:
Long-tefm finanoal sustainability and 5hort-term cash fft>w failure. Mitigation plans include financial planning
and pefformance monitorin& both in terms of annual budgets and reser¥es and investrnents.. and
Loss of operational capability. Plans include a range of processes to ensure rettuitmènt and retention of
appropriately qualified and trained ernployees.
Plans for th• future
The Trustees are committed to supporting the delivery of affordable and nurturing earty years. ¢hild¢are in welcomlng
and safe environments and ensuring the long-term sustainability of the Charity. The Charity is seekin8 to carefully apply
Its fund in support of the provision of high-quality childcare.
TheTrustees have considered the Charit715 performance during 2023 and have reviewed the 2024 full year forecasi and
the assumption5 on which the forecasts were based and are satisfied that the Charity remains a going concern, is
financially viable for at least the next months and has a tharitable purpose to meet which it is able to deliver.
Auditor
The auditor. UHY Hacker Youn& is deemed to be reappointed under section 487121 of the Companies Act 2006.
frustees. responsibilities In relation to financlal slatemènts
The Trustees are responsible for preparing the Trustee5' Report and the financial ststements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally AcceptÈd Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial period, which give a true and fair
view of the Charity and of the incoming rèsources and application of resources. including the income and expenditure
of the Charity for that period. In preparing these finan¢ial statements. the Trustees are required to..
Select suitable accounting policies and then apply them consistentty:
Observe the methods and prinaples in the Charities Statement of Recommended Practice,.
Make judgments and estrmates that are reasonable and pNdent-
State whether applicable UK Accountin8 Standards have been followed. subjett to any material departures
disclosed and explained in the financial statements- and

RAFA KIDZONE LIMITED
TRUSTEES, REPORT (contlnued)
YEAR ENDED 31 DECEMBER 2023
Prepare the financial statements on the g¢ing ¢on¢em basi% unless it is inappropriate to presume that the
Charity will continue in business.
Trustees. respon5ibllltles In relatlon to finandal statements {contlrK*d)
The Trustees are responsible for keepin8 adequate accountine records that disclose with reasonable accuracy at any
time the financial position of the Charity and enable them to ensure that the financial statements ¢omply with the
Companies Act 2006. They are also responsible for safe8uardin8 the a55ets of the A5S0Ciation and the group and hence
for taking reasonable 5tep5 for the prevention and detertion of fraud and other irregularities.
In so far a5 the Trustee5 •re aware..
There is no relevant audit infomiation of whith thè Charitvs auditor 15 unaware- and
The Trusiees have iaken all steps that they oughi to have taken to make themselves aware of any relevant
audit information and to establish that ihe auditor is aware of that inf0m￿tIon.
This report was approved by the Trustees on 16 April 2024 and signed on its behalf by:
BE
Trustee

Hackeryoung
14P•kP
INDEPENDENT AUDITOWS REPORTTO THE MEMBERS OF RAFA KIDZONE LIMITED
Opinion
We have audited the financial statements of RAFA Kidzone Limited (the 'charitable companWI for the year ended 31
December 2023 whi¢h comprise thè Staternent of Financial Artivities, thè Balance Sheet, the Statemènt of cashflows
and notes to the financial statements. induding significant accountin8 poli¢ies. The financial reporting framework that
has been applied in therr preparation is applicable law and Llnited Kingdom Accounting Standards, intlLFding FRS 102
The Financial Reportin8 Standard applicable in ihe UK and Republic of Ireland- Iuniied Kingdom Geneially Accepted
Accounting Practicel.
In our opinion the financial statements..
give a true and fair view of the state of ihe charitable companrfs affairs as at 31 December 2023 and of its
incoming resources and application of resources. including its rncomè and expenditure. for the year then
ended,.
have been properly prepared in accordancewith United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
6asls for opinlon
We conducted ouraudit in accordancewith Intemational Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are furtherdestribed in the Auditorfs fespon5ibilities fgr the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of thè finanaal siatements in the VK, in¢luding the FRCS Ethical Standard
and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit
evidence we have obtained is sufficieni and appropriate to provide a basts for our opinion.
Concluslons relatlng to golng con¢em.
In auditing the financial statemeRts, we have conduded that tfie trustee5' use of the goin8 concern basis of accountin8
in the preparation of the financial statements ￿ appropriate.
Based on the work we have performed. we havenot identified any materTral ￿n￿rtaIntIeS relating to events orconditions
that, individually or collertively, may cast significant doubt on the charitable compan￿$ ability to continue as a goin
concern for a period of at least twel¥e months from when the finanual statements are aUtI￿riSed for issue.
Our responsibilities and the responsibilities of the t￿￿tee5 with resped to goin8 concern are described in the relevartt
Sections of this report.
Other Information
The other information comprises the information included irTr the Trustee5' report other than the financial statements
and OUT auditorfs report thereon. The trustees are responsible for the other information contained within the Trustees.
report. Our opinion on the finanoal statements does not cover the other infomiation and. except to the extent
othefwise explicitly stated in our report. we do not express any form of assurance ¢ondusion thereon.
Our responsibility is to read the other information and. in doing so. considerwhetherthe other information is materially
Inconsistent with the financial statements, or tsur knowl￿@* obtained in the course of thè audit or otherwise appears
to be materially misstated. If we identify such rnaterial inconsistencles or apparenl material misstatements. we afe
required to determine whether this gives rise to a material misstatement in the financial statement5 themselves. If.
based on the work we have performe(l. we conclude that there is a material mi5Statement of this other information, we
are required to report that fact.
We have niithing to report in ihis regard.
Oplnlons on other mattels pres¢rlbed byihe Compan6es A¢t 2(X16
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees. Report. which includes the Directors. Report prepared for the purposes
of company law, for tke financial year for which the financial statements afe Prepared is consistent with the
financial statements. and
the Directors. Report included within the Trustees. Report has been prepared in accordance with applicable
legal requirements.

Hackeryoung
iWYllo¢*¢iYour• UP
14 Pth
(harte¢od*4CeXmtsMS
INDEPENDENT AUDITOWS REPORT TO THE MEMBERS OF RAFA KIDZONE LIMITED
Matters on ¥thkh we are requlred to report by emceptlon.
In the light of the knowledge and understanding of the charttable compar)y and its environment obtained in the coursè
.of the audit, we have not identified material misstaternents in the Directors, included within the Trustees. Report.
We have nothing to report in respert of the followi￿ matters where the Companies Act 2tsJ6 requlres us to report to
vou if, in our opinion..
dequaie a¢¢ounting records have not been kept, or returns adequaie for our audii have not been recelved
frorn branche5 not visited by u5- or
the finanaal statements are not in agreement with the at¢ountin8 records and returns.. or
certain disclosures of tru5tee5' remuneration 5pe¢ified by law are not made.. or
we have noi received all the information and explanations we require for our audit.. or
the Tfustees were not entitled to prepare the financial statements in accordance with the Small companies.
regime and take advaniage of the Small ¢ompanies' exemption from the requirement to prepare a StrateBic
Report in preparing the Trustee5' Report.
Responsibilities of trustees
As explained more fully in the Statement of Trustees. responsibilities set out on page 5. the trustee5 Iwho are also the
directors of the charitable cornpany for the PUrF￿Se5 of company lawl are responsible for the preparation of the
financial statements and for being satisfied that ihey give a true and fair wew, and for such iniernal control as the
trustees determine is necessary to enable the preparation of financial statement5 thot are free from material
misstarement. whether due to fraud or error.
In preparing the finanaal statements, the tTUStee5 are re5pon5ible for assessing the charitable companvs ability to
continue as a goin8 concern, disclosin& as applicable. matters related to going toncem and using the going concern
basis of accounting unless the trustees either intend to liquidatethe¢h3ritabk company or to cease operatlons. or have
no fealistic alternative but to do 50.
Audilvrf5 responsibililies for the audii of the financial Statements
Our objectives are to obtain reasonable a55urance aboul wheiher the financial statements as a whole are free from
material misstatement. wheihef due to fraud or error. and to issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with
ISAS IUKI will always detert a material missiatemeni when r( exists. Misstatements can arise from fraud or error and
are considered material if. individuallyor in the aggregate. theycould reasonabty beexpe¢ted to influencethe economic
decisions of users taken on the basis of these financial statements.
The extent to whlch the audlt was ¢onsldered Capable of detertin8 irregularities. indudin8 fraud.
Irre8ularities are instances of non-compliance with laws and regulations. The objettives of our audit arè to obtain
sufficient appropriate audit evidence regardin8 compliance with law5 and regulations that have a direct èffert on the
determination of material amounts and disclosures in the financial 5tatement5. to perform audit procedures io help
identify instances of non<ompliance with other laws and regulations that may have a material effert On the finan¢ial
statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations
identified during the audit.
In relation to fraud, the objective5 of our audit are to identify and assess the risk of material misstatement of the
financial 5tatement5 due to fraud. to obtain sufficient appropriate audit evidence regarding ihe assessed risks of
material misstatement due to fraud throu8h designin8 and implementing appropriate responses and io respond
appropriatdy to fraud or suspected fraud identified during the audit.
However, it is the primary responsibility of management, with the oversi8ht of ihose charged with governance, to
ensure that the entiiy's operations are conducted in accordance with the provisions of laws tynd regulations and for the
prevention and detection of Iraud.

Hackeryoung
14 pa￿ Pthv
i•JiiwW)IIGI
INDEPENDENT AUDITOWS REPORT TO THE MEMBERS OF RAFA KIDZONE LIMITED
In identifying and assessing risks of material misstatement in respert of irregularitie5. including fraud. the audit
en8agement team=
obtained an understanding of the nature of the sector, induding the legal and regulatory framework that the
charitable comparry operates in and how the charitable company is complying with the legal and regulatory
framework..
inquired of managemenL and those ¢harged with governan￿. about their own identification and assessment of
the risks of irregularilies. including any known artual, suspetted or alleged instantÈs of fraud.. and
dlscussed matters about non-compliance with laws and regulations and how fraud might ¢xcur including
assessmènt of how and where the financial statements may be su%tÈptible to fraud.
As a rèsult of thÈsè procèdurès. wè consider the most significant law5 and règulations that have a direct impad on the
financial 5tsternents are FRS 102, Charities SORP, Companies Aci 21I)6, Charities Act 2011, the tharitsble companrfs
governing document, tax leEislation and Charities IProtection and Social Investment) Act 2016. We performed audit
procedures to deted norrfompliances which may have a material impart on the financial statements which included
feviewiri8 the financial ststements including the Trustees. Reporc remaining olert to new or unusual transaction5 which
may not be in accordance with the governing documents. inspectinB correspondence with local tax authorities and
evaluatin8 advice received from internallexternal advisor
The most significant laws and regulations that have an indirect impaa on the hnanaal statements are Keeping Children
Safe in Education under section 175 of thè Education Aci 2￿2. the Childcare Art 2C*)6 and the UK General Data
Protection Regulaiion IUK GOPRI. We performed audit procedures to inquire of whethèr the company is in complian
with these law and regulations and insperted correspondÈntè with licensing or regulatory authorities.
The audit engagement tèam Identifi￿ the risk of man38ement ovÈrridÈ of contro15 a5 the area wherè the financial
statements were most susceptible io material misstatement due to fvaud. Audit procedure5 performed included but
were not limited to testing manual jcmjrnal entrie5 and other adjustments. evaluatin8 the business rationale in relation
to significant. unusual transartions and tran5aclion5 entered into outside the normal course of business, thallen8in8
judgments and estimates.
Afurther description of our responsibilitie5 forthe audit of the financial statements 15 lo¢ated on ihe Financial Rèportin8
Council's website at http=Ilwww.Irt.or8.uVauditOTsresponsibilities. This dÈscription form5 Part of our auditorfs rèport.
Use ol our report
This report is rnade solely to the charitable compan￿$ members, as a boo¥, in accordance with Chapter 3 of Part 16 of
the Companies Act 2(¥)6. Our audit work has been undertaken so that we might state to the charitable companws
members those matter5 we are required to state to them in an auditoes report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyorte other than the charitable company and
the charitable compan￿$ members as a body. for our audit work. for this report. or for the opinions we have formed.
CknJ 14{c4￿
Chris McKain
Senior siaiuiory Auditor
23 hP41¥ .19.2+
Date...
Forand on behalf of UHY Hackeryour
Chartered Accountants and Statulory Auditor

RAFA KIDZONE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
T￿11
Totsl
2023
2022
INCOME FROM
Donations
242,630
243,630
85,218
Charitable Artivitie5
Fees
650,277
133.486
28.938
Grants
Miscellaneous
Total Income
242,630
243,630
B97,919
EXPENDITURE ON
Charitable ArtTrvities
13,4421
14.6(KII 1198.4731 1206.5151 1839.8711
Total Expendtture
13.4142)
{4.6WI (198,4731 1206.5151 1839J711
Net IncomellExpenditure)
and net movement in funds
for the year
12.4421
I4.6￿)
44.157
37.115 '
Gain I (Loss) on Investment
15,388
11,7861
Net movemeni In funds
{2.442)
14MII
59.545
SI￿03
56262 '
Reconciliation of Funds
Total Fund5 Brought Forward
Transfer between Funds
50,4
134.6(Ql
163.940
I8.(￿0)
214.340
158,078
42.61X)
Total Funds CaNied Forward
13.358
38JXIO 215,485
266
214340

RAFA KIDZONE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
FIXED ASSETS
Investments
213,602
98.214
CURRENT ASSErs
Debtors
Cash as bank and in hand
20,671
140.845
55.278
55,278
161.516
CREDITORS
Amounts falling due within one
vear
12,037)
145,3901
NET CURRENT ASSETS
53.241
116,126
.TOTAL ASSETS LESS CURRENT LIABiunES
266J43
t214340
FUNDS
Restricted funds=
Brize Norton Nufsery Fund
Digby Nursery Fund
Leeming Nursery Fund
Designated-.
Cranwell Nursery Fund
General
io
io
io
48.583
99.422
67.480
loo,000
65.726
io
io
38.C
13.358
48.614
TOTAL FUNDS
266343
214.340
Approved by the Trustees and signed on their behalf on 16 April 2024
MBE
Tru
-1

RAFA KIDZONE LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
Cash flow5 from operatlng actl¥hies
2023
2022
Net cash froml (used inl operating artivities
14,433
58,514
Cash flow from investin8 attl￿tIeS
Purchase of fixed assets
Puichase of investments
Proceeds from sale of fixed assets
Net cash used in investment activities
13,0411
(IIK),000)
15,420
187.6211
iicrf).￿)I
Ii¢XJ.0001
Changed in cash and ¢ash equiwalents in the year
185.5671
29.107
Cash and cash equivalents at the beginni￿ of the year
140.845
169.952
Cash and cash equivalents at the end of the year
55,278
140,845
Reconciliation of net movements In funds to net Cash flow5 from operatlni •rtl¥kles
Notes
2023
2022
et movement In funds for th* reportin8 F)triod
Adjustments for..
Depreciation on tangible fixed assets
52.503
5.656
Falr value movement on invÈstmÈnts
115,3881
. 20.671
143.3531
1,786
118.9221.
13.732
Ilncreasell decrease in debtor5
Ioecreasell increase in (rediiors
Net cash generated from operating a¢tivrties
14.433
58.514
Analysls ol cash athd cash eqUI￿lent
2023
2022
Cash in hand
Bank accounts
55,278
55.278
140.845
140.845
-li-

RAFA KIDZONE LIMITED
NOTESTO THE FINANCIALSTATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CRITICAL ACCOUNTING E5fiMATE5 AND AREAS OF JUDGEMENT
Estimates and judgements are continually evaluated and are based ctn historical experience and other factors,
including expectations of future events that are believed to be reasonable under the Circumstan￿S. There are
no critical accounting estimate5 and area5 of jud8ement to note.
PRINCIPAL ACCOUNTING POUCIES
General lo)lomiatSon
RAFA Kidzone limited is an ineorporated privaie company (registered number084183671 and a reBistered charitv
at the Charity Commission ltharity registration no. 11548221 in England and Wales. The d)arity is a company
limited by guarantee.
The add￿$S of the £haritVs registewed offi¢e Ds Atlas House, Wembley Road. Leicester. EnBland LE3 IUT. The
nature of the charitvs activities are set out in the Trustees Report.
Basis of preparation
The financial staternents have been prepared. under the historical c05t convention and in accordantè wtth
applicable United Kingdom Accounting Standard5. The finanoal statement5 have been prepared in accordan
with Accountin8 and Reporting by Charities.. Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance wth the Ftnancial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021, the Charities Act 2011 and the requirements of the Companies Att 2006.
RAFA Kidione Limited meets the definition of a public benefit entity under FRS 102 arKI has therefore applied
the relevant public benefit requirements of FRS 102.
Monetary arnounts in the financial statements are rounded to the nearest El. The finafKial statements are
presented in sterling which is also the funrtional currency of the Charity-
.GOI￿ ¢oncem
Based on the CoMpan￿S forecasts. the Directors have adopted the going concern basis in Preparing the Financial
Statements. The Directors have made this asse55rnent after consideration of the companV5 cash flows and
related assumptions and in accordance with the Guidan￿ published by the UK Finanoal Reporting Council.
The COmpan￿S accounts and cash flow forecasts take all the above factors into actount and Indicate that the
Company will have sufficient funds to operate as a going ¢oncem for ihe foreseeable future.
Fund actounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance
of the objectives of the Chafity and which have not been designated for other purposes.
Oe54gnated funds are unrestriued funds that have been set aside by the Trustees for partl¢ular purposes. These
fund$ are reviewed annually.
Restricted funds are funds which are to be used in accordance with specific restrittions imposed by donors or
which have. been raised by the Charity for particular purposes. Expenditure is charged lo the Statement of
Financial Activities when incurred.
-12-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
PRINCIPALACCOUNnNG POUCIES {CONnNLIED)
In¢ome
All incorne is induded in the Statement of Finanaal Activities when the charity has entitlement to the funds, anv
performance conditions attached to the income h3vÈ been met, it is probable that the income will be received.
and the arnount can be measured reliably. The following specific policies are applied to particular categories of
incorne.
Income in the form of donations is induded when receivable.
Fundraising income is induded in income in the period in whith the Charity becomes entitled to receipt.
Investment income is induded when receivable.
Income from tharitsble artivities including grants re¢ei¥ablÈ is included in income In ihe period in which the
charity becomes entitled to receipt.
Government grants are recognised at thè fair Value of the asset received or receivable when there is reasonable
assurance that the grant conditions will be met and the granis will be ￿e1ved.
A 8rantthat speafies performanceconditions is recognised in income when the performance conditions are met.
Where a grant does not specify performance tonditions it is recognised in income when the proceeds are
received or receivable. A grant rec*¥ed before the recognition (riieria are satisfied is Tecognised as a liability-
Empenditure
All expenditure is accounted for on an accruals basis as a liability is incurred or when the Charity is deemed to
have a legal or construrtive obligation which will result in a probable transfer of economK benefits. Expenditure
has been classifie(l under headin85 that a8gregate all Costs related to the category. Expenditure includes
Irrecoverable VAT.
Costs of raising funds intjude fundraising tradrng tosts. These costs are regarded as necessary to generate funds
that are needed to finance charitable attivities.
Charitable artivities expenditure enables the Charity to meet its tharitab￿ aims and objecttves and include both
dirert and support costs relaiing to the auiwty.
Support costs have been allocated to cost of raising funds and chafltable activities on a basis of direct Costs
where appropriate and for salaries on a proportionate per￿ntage of tirne.
Tangible fjxed assets
It is RAFA Kidzone Limited policy thai all iiems either purchased by or donated to RAFA Kidzone Limited for use
within the childcare sessions shall not be capiralised due to the expected heavy use and wear and tear within
such an environment. These rtems shall be treated as immediate expenditure with no depreciation. The
capitalisation limtt for all other items is set at £l.OCrf).
-13-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
PRIIICIPAL ACCOUIITING POUCIES ICOP4TINUEO)
Tan8lble fixed assets {contInU￿1
TanBible fixed assets are initially recorded at cosi and subsequently measure at cost or valuation net of
depreciation and any impairment loss. Depreuation rs provided for on all tsngible fixed assets at rates calculated
to write each asset down to its estimated Value evenly over its experted useful economic life as follows..
Office equipment
Furniture & fixtures
NuT5ery equipment
Motor vehicles
25% straight line
25% straighi line
25% strai8ht line
25% on net book value
Impairment reviews are carried out where there are indications that recoverable amounts of fixed assets are
below their carrying values.
Shortfalls beiween the carryin8 value of fixed assets and their recoverable amount5 are re¢ognisèd as
impaiinient losses in the Statement of Finan¢ial Artmties.
Donations of 8oods and serylces
DonatFons were mode during the year to RAFA Kidi knmited. for the purpose of achievin8 the objerts of the
charity and 5UPPOrtin8 the nurseries at RAF Leernin8 and KAF Cranwell.
Investments
Long term investments are classified as fixed assets. Short term investments are dassified a5 current assets.
Listed investments are stated at fair value at the balance sheet date. Realised and unreali5ed Bain5 and10s5es
are shown in the Statement of FinancialActivities. The fair value of the investments quoted on a reco8nised stock
exchange is the quoted bid prKe.
Hnandal Instruments
The Charity has elected to apply the prowsions of Section Il'Basic Finaneial Instruments. and Section 12 '0ther
Flnancial Instruments Issues. of FRS 102. in full. to all of its fJnan¢ial instruments.
Retirement bw
Fordefined contribution sthemes the amount¢harged to the Statement of Financial Activities 15 the Contribution
payable in the year. Difference between contributions payabk in the year and contributions actually paid are
Shown a5 either accruals or prepayments.
GRANTS
2023
2022
Local Authority
Welfare
133.486
55
133.541
All grant income is unrestricted in the Current year and prior period.
-14-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITABiE AcfiviTIES
2023
Total
2022
Total
Expenditure
Genval Fund5:
Direct Costs
541,238
280,359
Allocated support costs
Donaiion to RAFA Kidz
Total Unrestricted Funds
2.442
i.￿0
2.442
821,597
Intluded within total Èxpenditure F5 a charge for auditor< remuneratK)n of £2,260 for the current year
12022.. £2.oc(II
DÈsi8naied FurKI5:
Cranwell Nursery Setting
Total Designated Funds
4.600
Restricted Funds:
Donation to RAFA Kidi Limited for Digby Nursery
Donation to RAFA Kidz Limited for Brize Norton Nursery
Donation to RAFA Kidz Limited for RAF High Wycombe Nursery
Donation to RAFA Kidz Lirnited for RAF Leemin& Nursery
Total Re5tricled Funds
3,793
152.680
42.(
3,793
152.680
42.(￿*)
18.274
18.274
198A73
198A73
Total
206,515
2Q6.515
839,871
ALLOCATED SUPPORTCOSTS
2023
2022
Other site costs
Advertising and promotion
Printin8 and stationery
Telephone
Insurance
Repairs
Depreciation
Management fee
Other expendilure
Staff costs
Governan¢e ¢o5ts
1.195
312
2.354
2.766
8.335
1.575
5,656
68,881
33.622
142.766
12,896
2.442
2.442
280.359
-15-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF cosrs
2023
2022
Total stsff costs for the charity
comprised..
Gross 5alarie5
Employerfs National Insuran
Employerfs pèn5i0n
592.743
39,255
10.196
fj42.194
The avera8e number of staff employed by the charity during the year ended 31 (k￿mber 2023 was Nil12022-
431.
AJI key management personnel are paid thr.ough the parent charity and disdosed in their financial
statements.
No employee was paid E60,OCKI or more in the current year or prior period.
TRusfEES REMUNERATK
No remunefation or expenses were paid to the Trustees during the current year or Prior year. The
trustees were rernunerated for their services to the8roup bytheultimate parent undertakin& The Royal
Air Forces Association.
Professional indemnity insurance to cover the Trustees was paid by the charity during theyear.
7. IP4VESTMENTS
Total 2023
Market Value as at i January 2023
at l January 2023
Additions
98.214
I￿.(mY)
15.388
Fair value movement on Investment
Market Value as at 31 December 2023
213.602
Historical cost as at 31 December 2023
2W,(KKI
RAFA Kidzone Limit￿ invèsted funds in the year with Rothschild & Co into their pooled New Court Fund. All
investments are carried al their fair value. lrtvestment in equitTres and fixed interest securities are all iraded in
quoted public markets. The basis of fair value for quoted investments is equivalent to the markei value. using the
bid price. Asset sale5 and purthases are reco8nised at the date of trade at cost (that is their transaction value).
The investment funds held are wholty within Rothschild & Co. New Court F¢Jnd. in multi asset and hybrid
instruments199.99%1 or cash10.Ol%l, where there are no holdings in excess of 5% of the total market value.
-16-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
DEBTORS
2023
2022
Trade debtors
Amounts owed from group undertakings
5.251
15.420
20.671
CREDrroRS
2023
2022
Amounts fallln8 due wlthln one Y￿r
Trade creditors
8.625
29,SC(I
Amounts owed to group undertakings
Accruals
oiher creditors
177
1,860
5,265
45.390
1037
io.
ANALYSIS OF FUNDS
Balan￿ as
at l January
2023
Balan￿$ as at
31 December
2023
Income Expendlture Transfers
Restrlcted Fund
Brize Nursery Fund
Di8by Nursery Fund
High Wycombè Nursery Fund
Leerning Nursery Fund
Gain I (Lossl on investment
TOTAL
21J).CrfJ) . IIs2,6801
630
13.7931
142,(Wl
1,263.
2.585
48.583
99.422
i¢yJ.(
42,CO)
65.726
11,7861
163.940
1.754
113,6021
18,0(Xll
67.480
15.388
2S8,018
1198A731
215,485
Unrestri¢ied Funds:
DeS￿nated FurKIs'.
Cranwell Nufsery Fund
TOTAI De518nated
14.6CK)I
4.6001
42.6[
42.600
38,000
38.000
General Ileserve
13,4421
134,600)
13.358
TOTAL
214.340
259.018
{206.$151
266.843
Restrlrted fund5
This fe5trirted fund 15 to enable the fulure development of those nurseries. New Restrided funds were created
in the year as funds were received for the purpose of development and sUPPOrt of the Nurseries. Investment
gains of £8.00012022'. £Nill are allocated to ihe General Fund towards the costs of runningihe organisation, and
the residual amounts are proportionality across the restricted funds balance5 at the end of the year. Total
restricted fund5 at 31 December 2023 are £215.48512022". £163.9401.
Deslgnated funds
The Trustees created a de5i8nated fvnd from Cranwell accumulated reserve5 for the fulure development of
Cranwell nursery. Total DesiEnated fvnds at 31 December 2023 are £38.LlXJ12022.- £Nill.
-17-

RAFA KIDZONE UMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11. ANALYSIS OF NEfA55Ef5 8ETWEEII FUNDS
Doslgnated
Fynds
Restrkted
Funds
fut
Total
Investments
213.602
1.883
213,602
55.278
12.0371
Current Assets
15.395
12.0371
Current Liabilities
Total Net Asset
13358
215.485
Restrkted
Funds
Prlor Year
funds
Total
Investments
98.214
98,214
161,516
145,3901
214.340
Current Assets
161.516
145.3901
116.126
Cvrrent Liabilitses
.. Totsl Net Asset
98.214
12. RELATED PARTY TRANSACTIONS
During the year the Charity paid management fee5 of £Nil12022.. £38,848) to RAFA Kidz Limited, thè immediate
parent undertaking. At the year end the Charity owed £17712022.. £29,5c(Il to RAFA Kidz Limited. RAFA Kidi
Limited owe5 £Nil12022.' £15.2401 to RAFA Kidzone Limited al the end of the year.
During the year the Charity rnade purthases of £Nil12022= £3,156> from RAFATrad Limited, a company owned
by the ultimate parent undertakin& the Royal Air Force5 Association.
13.
PARENT COMPANY
RAFA Kidzone Limited is a whollyowned subsidiary of RAFA Kidz Limited (Company number 11927027, registered
in England and Wales). This is the Charitvs immediate parent undertakin8. The registered ofFice is the same as
its ultimate parent undertakin8. The prinapal activity of K4FA Kidz Limited is thai of runninga children's nursery.
RAFA Kidz Limited is a wholly owned subsidiaryof the Royal Air Forces Association, a charrty registered in England
and Wale5 (registration number 2266861 and Scotland (registered number SC0376731. Purpose of Association is
to promote the weware by charitable mean5 of all serying and former members of the Air Forces. Thi5 is Ihe
Chafitls ultimate parent undertaking. The Charity is only included in the consolidated accounts of The Royal Air
Force Association. Their account5 are available from the registered offi¢e being Atlas Htyjse. Wembley Road,
Leicester. England LE3 IUT.
-18-

RAFA KIDZONE LIMITED
NOTES TO THE FINANCIAL sfATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
I& COMPARATIVE STATEME1￿ OF FINANCIAL AcnvmES FOR ThE YEAR ENOEO 310ECEM8ER 2022
continuing opèrations at
31 Detsmber 1022
0ixontinu￿ operatlonsat
31 Oetember 2022
Total
2022
INCOME FROM
Donations
1.218
85.218
Charitable Artivitie5
Fees
650,277
133,486
28,938
650,277
133,486
28,938
Grants
Miscellaneous
Total In¢ome
813.919
897.919
EXPENDITURE 014
Charitable Actiwties
Iio,LD)I
118,2741
1811,5971
1839,8711
Investment
Total Ex￿ndItsre
(lo,(A￿l
{18,1741
1811.5971
1839A71)
Net IncomellE¥penditurel
and net moveme•)t in lunds
for the year
iio.(xJoi
65.726
2.322
Loss on Investment
{1.7861
11,7861
Net movement in funds
iio,(thii
63,940
2322
56,262
-19-