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2025-03-31-accounts

army families federation AFF annual report and accounts 2024/25

CONTENTS Report otthe Trustees Report olthe Independent audltors 14 Statement of ffn•n¢lol act6￿1￿¢$ 16 Bolance sheel 17 Slalement of cash Ilows 18 Notes to the fOnanclJl siatemen 19 AfrF annual report and accounts 2024125

TRUSTEE REPORT AND ACCOUNTS 2024-2025 The Trustees present their report with the financlal 5tat•m•nts gf th• Charitsbh Incorporat•d Organisation ICIOI for the year ended 31 March 2025. Need The natyre of Setvice life IL*nstsble and uncertainl can mean that Army personnel and their famllles leel they have Ilmited choice or control while accesslng Ihe Se￿iceS and advlce they need. Vision All Army pers¢)nnel and their famllies are valued and oble to vdell. Purp• To drfve poshlve change and enat4e Informed decl￿￿$ lor oll Army prs¢)nnd and Ihelr famllles. Mlsslon The AFF mlsslon statement Is: AFF communicates. questions ond Influences policy ai all levels to Imsyove the Ilve5 ol the 5ervlng and resettllng erit15h Amiy community across the Wofld. We offer 5UPPOrt. information and guldance to Indivldua15 and Communltles on Issues ihat Impact on the qu•Hty of thelr Il¥es. Oblectlves The oblectlves lor 2024125 were.. Listen to. respond to and 5UPPOrt Afmy personnel and theli famllle5. 2. Provlde Inlormatlon and guidance that empowers Army personnel and thelr farnllie5, recognises dlverslty and encourages resillence. 3. Gather robvst e￿￿ence, u51ry CTedlble methods. to support and challenge chanqe fly Army personnel and theli famllles. 4. Engage effeC￿vely whh cornmand and the MOD In order to prmt• the Interest of the dlverse range of Army personnel •nd thelr lamlllè5. S. Collaborate with publlc. private. and thlrd se¢ror io promde Ihe sypwrt and service that Army personnel and their families need. 6. Inlluence chonge to policy, products Ond 5erylces that d15advantage Afrny personnèl and theif famllles. 7. Build 0 51rong organisation In line wr(h 5tatulory guidelines and manage charrtable fund5 effectively. Promote an organlsatlonal cunurè that values dlversty and toler•tes dlllerences by facllilating tr• recruitment. relentton and promouon ol IndMdua15 irrelevant of background. gender or ethnlclty. Strurture. gov•rn•n¢• •nd m•n•g•m•nt The charity 15 a charft0k￿e Incorporated Oroonlsation ICIOI 90vwrTred 4ccord5ng lo the constltrjiion dated 6 December 2017 las emended on 11 May 20218nd 6 M8rch 20241. n was es￿blIshed to tske forward the work of the Unlncyreted reglstered charlty nurnbw 291202. AFP annlial report and accounts 2024125

ACHIEVEMENTS AND PERFORMANCE Wlthin the organisation. thefe are four teams. vtho work togethw to meet our 04ectfjves. 1. Tkn• Pollty t•wn This yeor,Ihe Policyteam ha5 been instrumenlal in providing ewdencelothe House ofcommons Dèfencecommittee and the House of Lords In or¢Jer to demonstrate issues affeding AFMY personnel and families and provide real- Nfe experlences to Government. AFF was part ol a trl-service team thai provided key evidence In support of the proposed exten51on to the Armed Forces CovenanL and wa5 able to provide the committee wlth robust written and oral evidence io clearly delnonstrale where Ihe Covenant was wgrklng well. or ￿ere Improvement wa5 required. This year, the Pollcy team has been instrumental in providing evidence to the House of Commons Defence Committee and the House of Lords In addltlon. the AFF Money & Allowances team prowded ewdence to the Government consuttatlon on the introduction of 20% VAT to independent school fees voa calls ￿denCe to f•mllles. and Jlso 8 $￿e5 of surveys to vnder5tsnd the 155ue5 that wefe belng experlenced In more depth. The team ols¢ provlded a brieflng note on the above to a House 01 Lords debate. and engaged wlth MPS who were gatherlng Q￿dence on thls toplc about the èffect this pollcy would have on lamilles. AFF contlnues to engage wlth famllles

nd prowde evidenre to the Army and MOD on the contsnulng ffinancial and

r•trultmèntlretèntion imk4lcaUons of th1$ poliw. AFF has also provided evidence on J trl-serwce bays to the House of Lords on the benefits ol remote worklng lor Arrny spouses and partners, as they are to malntaln a stable career despite hawng a highly mobSle Imestyle. whlch has hlghllghted th15 Important155ue to 5enl¢y pollry and Oed51on maker5. The AFF Poliry team provldes SUb￿cl matter expertlse, suppotl and advocacy for Amiy Se￿n9 personnel antl thelr larnllies In J(ey èreès. %¥thl¢h ore houslng, educatlon & chlldcare. health & addluonal needs. employrneni & tralnlng. Forelgn & Commonwe81th and money & allowance5. As an e￿dence-tsaSed organlsatlon, the P¢ll¢y ieam uses thè Ilved expeilence. data and Inlormatl¢)n prO￿dea by Se￿n9 personnel and lamllles to hlghllght and ra15e Issues to the Army. MOD. wlder Government and other stskeholders to Influence pollcy change and development In order to benefit the Arrny fomlly and wider cornmunity. The largest orea olAFF's work continues to be in the Foreign & Commonwe•hh policy area. with 5YA of our enquiries in 2024-2025 in thi5 are8. Our four lrnmlgrotyon Adwce Authority qualified immigration advisor5 provide a unlque level ol support to non-UK semng petsonnel and their families, and are 8150 able to provide advi¢e and advocacy. As a result of grant fundlng recelved frorn thè Royal Brltlsh Leglon (R8LI. AFF was •ble lo develop a serl•s of step- by-step Instructlonal )Adeos on how to cornp￿te appllcatlon forms. vthlch has assisted serving personnel and thelr fgmllles. The F&C leam atso promote5 It5 popular monthty Immlgratlon we￿nal Q&A brleflngs, whlch fjie open to any sewv5ng p¢rson Of f•mlty member. AFF'S Hou￿ng pollcy tejm continues lo rece6ve a large number of enqulrie5 16% of iot81 enqulrles In 2024125. Sincè the pause ol the Modern15ed Accomrnodation Ofler in March 2024. the leam continues to &dvocate for and 5UPPOrt 5erwng personnel and lamilies wlh the support Ihey need. AFF conlinues to champion the need to have continued, 5L15tained investment in Service Femily Accommodation ISFA) for the families of today, and have a fft- for-purpos¢ houslng stock that Can be maintsined lor yeors to cryne for the families of the future. Spousallpartner employrnent overseas contlnues to be a s6gniflcant ènqulry area. In 2024-2025 36% of our ern￿oyment enqulries were in relab.on to employment overse8S. This are8 of enquiry wa5 highlighted in AFF'S Spousal and Partner Employment Survey Ipublished in September 2024) whlth foun(J that 61% of spouse51 AFF 2niual report and a¢couDiS 2024125

partners overseas were unemFdoyed compared to lust 20% of spouseslpartners based In thè UK. AFF contlnues to present evidence frorn families lo the A￿Y and the MOD. working with them to highllght the Issues expeiienced in Ihis Breb. The Money & Allowances teaFn received 8 huge Increase in enqulries around the pollcy Introduced in July 2024 on the addityon of 20% VAT io school fees. whlch was im ￿emented in January 2025. A total of 21% of all enqulries ielated to Money and Allowèn£es in 202425 were in response to the policy. AFF continues to collect evldence on this issue regarding the Impact th"s Is hawng on Army families with our current survey and will continue to monltor Ihls. We now have a lull year of data from each of our polKy areas follov4ing AFF'S re￿sed dala gatherlng process implemented in 2023. Analysis of this data has alk¢wed us to look at the ewdence gaps and where we need to Implement additlonal information gatherin9 proce55e5 in order for us to be Jble to present robust evidence to the Army. MOD and othèr Govelnment Stskeho1de￿ on the Sssues th&t affect Army fJmllies. We cOn￿nUe to reflne Ih15 dats g￿the￿n9 proce55. and now have J mechenlsm for externally reportlng our dats, whlch ￿11 appear on our webslte and will te ￿•blable to ¢)ur 5tskehdders and lunders. ?. Th•AFF Eng•g•m•n¢ t••rn Theteam provldes, through reglonal rolesand • centr81 Enqulrlesteam. day4(￿aY SUFPOrt to the Armyf?rnlty acr055 the UK and overseas. This le8m works v*lh the local thain of commend. service deliverer5 Jnd local authoritlès, an¢J the governments ol Ihfr dévofvèd n•tlons to ensure th•t Arniy fomlly lile is understood and supported in service del￿ery. The plh)t yeai ol the AFF Rtsadshow (Ask AFF) vbsfted several locatlons Kross the UK and overseas. Includiiig the Brunel Garrlson In 2024. whlch were well recèlved. Slnce launchln9 In 3023 the roodshDW rnodel has been ellvered along51de vlrtual brieflngs and engagements. enabllng AFF lo provlde SL¢PPOrt In aiiy locallty. In 2024 Jn engagement revlew l¢x)k place. examlnlng AFPS re•¢h wllh beneficlailes io I￿en￿fy new poi¢niiol venues io best 5UPPOrt Arrny personnel and thelf lamllle5. In earty 2025 AFF launched the new AFF&You model, working closely with other charities and organisations Including linking with the Army Sport Control Board to enable attendance at many major Army sporting events. AFF.YOU Summary report for Aprfl 2024- Mafch 2025 Who7 What7 Where7 How? 4,140 6,700 130 4,820 AFF annual ￿pOrt and ac¢ounts 2024125

Due to a continued demand lor immèdlate engagernenl and supporL AFF has continued to develop arTrd Impiove online and telephone supp¢)rt, and to streamllne Internal ènquiry handling processe5_ The Enqulrie5 team provides a single and reliable entry pointfor new enqulries from Service personnel and theli families. and is now open Mond?y- Ttturs¢Jay 8'.30am-5pm and Frlday 8.30am-1prn. Enouirie5 are triaged and dÈrected to the relÈvant specia115t teams. lo ensure that Arrny personnel and thelr lamI￿"e5 can recelve a Ilmely ￿SpOnSe, and that resolutlon OY their issues Is a¢hleved as efficlentty 85 Possible. 3. The Communlcallrms t•am The team provldes the expertise within AFF to ensure that InformaJon and gl￿dance 1$ avallable lo Arrny personnel and their families across a r8nge of digit81 and hard copy material and medsa. one of AFF'S key oblectlve5. In 2024 we had nearly 400.000 ￿lewS on our website, reached m￿e than 15,000 followers on F8cebook, 9,150 on X and 3.000 on Inst8gr8m and Linkedln. The re9ulor edition5 of Arrny&You magazine were produced and dellvered to an average of 35.000 families per edition. During the year the Communi¢at5ons te•m aLso ran a number oltargeted ewdence gathering social media p05t5 and promoted a series of surveys to gather viljl evidence from Servlce personnel and familie5. Topic5 covered included spousal and partner employment. Army pay and chlldc&re. The tejm J150 helped to gaihw vlews on the removal of the VAT èxemptlon on Independent school foes - tht5 cruclal evldence was fed Into the Government consultstion on the15sue. Our constsnt y￿￿hM of rellable comrnunlcatlons ensures that we conllnue to be a trusted Source of Informalon for Servlce personnd and f8mllSes. During the year the team h•s launched a collectlon of self-help immlgratlon vldeos. and a new AFF explainer vldeo. with versions created in Fijian and Nepali for the non-UK community. In addition the AFF webslte has been updated wlth a more Interactive homepage. AFF onnuol rr! Jw: and accou￿1$ 2024125

  1. Th• 0￿￿tIonS t•am The teom provides continuous support ocross AFF administration. flnaTKe, governance. IT, dats protertion, and HR fUn￿lon$ to ensure that the organisation remains Yrt to deliver.. The Operations team has focuse(J on rSsk mitigalio 8nd business conb'nuty planning in 2024. The changes identtfied in the IT re￿eW in 2023 have been embedded Into the organisation and form part of the annual rewew of all intemal P￿iCieS and proces5 to ensure best practice the charity and all statutory obllgatlon5 are met in fum. The Operations team has focused on risk mitigation and business continuity planning In 2024. 2024 focused on embeddlng new SySiern5 arHJ proce55es following the theory of change and imp&ct measurement work In 2023. Throughout the ywr a programme of ¢othra￿ re￿ewS look place. with a full rÈvew of all operational costs. The resultlng reductlon In costs VO11 en5uie efficlency and an Improved servlce to benefielarle This formed part of a serles of Internal reviews to develop 5truciures whlch best meet the need ol benefficlaries. The Opera￿on5 tearn ha5 now produced • more efficlwt 'battle rhylhm. ol key Intemal meetlng5 and brleflngs. freeing up working hours and reducing the adrnlnlstration for key declslons. The team continued to develop best practice across HR pvovlsion by migfaling ¥ll annu81 stgff training to the 8eathe system, ènsurlng conslstency across our geographlcally disperseLI team. We have revlewe%J our perlormance agJln5t the needs of Army personnel and thelr lomllles,. Ihese need5 and hgw we've met them. are evldent In our actmtles as ¢Jescribed below. ACTIVITIES This linancl&l year we answered over 6,700 enquliles acioss our seven specla115t categorles. Our Forelgn & Commonwealth category ¢ontinye5 lo be our bl99es1 source of enqulrles followed by Houslng then Money & Allowances. Forelgn & Comrnonweath 53% Houslng 16% Money & Mlowances 12% Health & AddAlonal needs 6% Educatlon & Chlld¢)re 5% Famlty life 5% Ern￿Yment & Training 3% AFF annual report and accounts 2024125

FINANCIAL REMEW Income and allocatsd fundlng AFF receNe5 115 main lunding from MOD Grant In Aid (public moneyl and a charhoble grant from the Army Central Fund. In additlon to Ihls corefunding. AFF has received smaller. project speclfic fundlng frgm Army Benevolent Fund, the Armed Forces Covenant Fund Trus¢. Asplre and the Roydl Blltish Legion. Detalls ol this fundSng are at Note 13 to the Financlal StatemenL In March 2025 AFF wbs awarded Armed FoTce5 Covenant Fund Trust fundlng. Ythlch will fund a four-year trl-serylce programme-ValuSng Forces Famlllès Ovetsèas-io t8r9et the SUPF)Ort ofserving pefsonnel and famllles on over5ea5 855ignments and to enable them to have a posltfve experience. The programme will cover the cycle of overseas a5slgnmenL Iroffl preyontemplalion. deploymeni and retu¥n to the UK through a sewSe5 of targeled projects and rese8rchlevaluatJon Fyolect. Total lunds At the end ofthe f(n8ncl&l year, AFF held lund5 o1£1.146.482 £634.080 belng held In tre Armed Forces Charltlès Grow¢h Jnd Income Fund IAFCGIF). At 31 March 2025. AFF had ￿nS￿nt restricted funds (funds committed to a specific prole¢t or event) of £35.453. Inv•stm•nl pow•r4 The con5Utullon permlts the Investment ol mon￿9 not Imme¢Jiatdy requlred lor the object5 of thè CIO. Inv•slm•nt p•rfomi•nc• AFF holds Its r￿erVeS In unts of the AFCGIF, i rnlxed asset clas5 Chgdty Authorlsed Investment Fund ICAFI managed by BlackRock Inveslmeni MBna9L¥S. The fund ha5 an odvlsory commlttee, vthlch oversèès the Investrnenl pèrfo¥mancè Jnd governance of the AFCGIF. AFCGIF offets two types of unfs ¢0 Armed Forces ¢harfUes' Investors accumulJtlon Irelnvèstment) unlts end d151rlbutlon Ilncomel unlts. AFF Current￿ holds only accumuletlon units (which rnvest Income Into the fund). At 31 March 2025. the total value 01 Investmeffls was £634,080 and duilng the year. £20,46012024 É24.9671 wa5 reinvested. AFF'S holdlng In th• Arrned Forces Chafltles Growth 8n(J Income Fund reported a net unreallsed loss, after laklng Into account the reSnvested Income, of £23,456. Thls has rallled In the first quarter 012025126 reportlng a surplu5 of £24.131. Although financial markets have stablllsed after the volatllty and pollllcal Instsblllty seen In 2023124 the Investments are contlnulng io see variotsle flucluatlon5. The investment fund has conslstontly performed v4ell slnce Its Incepllon in 2012 and overall contlnues an upward grobAh. The Trustees contlnue to actlvety monltoi AFF'S Investsnents and regularty rewew the apwoprlateness of the fund. A full rewew of the Inve5tsnenl pollcy was undertaken durlno the flnanclal yeor. InveJtm•nt rlsk m•n•g•m•nt 'The Twslees constsntty review the investment and the Investment rfsks to whlch AFF may be exposèd. Thelr overall a55e55mentof speciflc rlskto the CIO Is low. TheTrusièes•reconfidenlthattheAFCGIF ov8rallWde5pread invèstment Strategy. which encompa55es many different asset classes, is sound. The Truslees feel that the Investment of the CIO, namely Its reservès which are currentty held In AFCGIF kcumulatlw Unlts, are sufficientty well dlversified and are likely to provide long.term Ca￿ts1 growth. The CAIF has 8n advlsory commlttee whith cununues to oversee the Investmènt perfixmence and governance of AFCGIF. The fund15 manBged by BlackRock Investment MDnagement (UK) IBRIMI under a charlty authorlsed Investment fund ICAIFI managed by BlackRock Fln8nclal Management However. after 8 full remew ol AFF'5 IrNe5tments during the yeor. the Trustees took the dec151on In thè eady pèrt of 202￿26 to rnove the investment portfollo lo Quitier ChevioL who have a long histw working in the chaiitable sector end whose investmènts have ctirrtinued to perform well over a long pertod ol lime, providing 8 wldespread F annual Tew and accounis 2024125

Investment strategy. This move Mll prowde AFF vAth the ablb.ty to move fund5, qulckly and efflcienuy. between short. medlum and long-term holdings to ensure best retums on investsnent V4hllst malntslnlng g Strong and flexlble portfollo of investments and c85h depo￿ts. The rnove wll happen in the summer of 2025. Reser¥•s poll¢y AFF Is run as J charltable incorporated Drgan15ation and Is responsi￿e for 811 internal functions including employment practlces and payment of wages. employee insurance and Ilabllity, direct and indirect running costs and project capital. Thè Trustee5 conlinued to monrtor the reserves pollcy durfn9 the Ilnanclal yeaf lo ensure It was relevant, 8dequale and refiected cwrent best praclice across the sector and lakes Into account AFFS key current rlsks. The c￿'S poll¢y is lo hold resetves for the followlng purposes.. Flexlbilfty of cash flow to support expendnure be￿een delr¥prie5 of income. A mln(mum of 5iK months, baslc lunnlng costs In thè eventuality of the CIO elthef loslng its prlmbry sources of Income, or having to c105e down completety. A sum ol around £675.000 would be optlmol based on AFF budget5 for the ne￿ thtee yea￿. In line with the at)ove policy at 31 March 2025, optlmol genr•l reserve5 equjte to £676,092. At the year ènd, the CIO is holding general re5erve5 of £973.614. The reserves tsJif¢ up as a re5uIi ol the unexpecied and prolonged reduction in activity levèls as a dired result olthe COWO-19 pan¢Jemlc. ThgTru$ies have a Ihree-yearfulty SL¢PPOrted prograrnme of Investments in str&legic data g8thènng and assessment whlch In turn is underplnnlng AFF'S strategic plans and outpu15. It Is en￿saged thal as port of thSs general reseNs S￿11 return to opu.mal level5. In •ddlllon and to support AFF'S strategy and the resulllng three-year budge( the TNstees hold deslgn?red reserves to furlher undefpln AFF'S Strateglc goels. IT prolectsnmprovements - to support the ¢urreni 8nd ongolng Work to AFF s djtabase and cyber securty. £5.015 was spent durlng the flnancl81 year on contlnued Improvements to the dathbasè. A fvrther £60.535 has been carrled fotward lor planned Improvements In the next three years. Impact rne8suiement~ to supportthe work stsrted wrth Trust Impact and any other worked deemed necessaiy s a result going forward. In addttion, the CIO is holding r•strlct•d res•N•s of £35,453. which ere not available lor thè general purp05e5 01 the CIO. Th6s represènts the ongoing final year Ot work of the three-year project with the Royal British Legion developlllg AFF'S support ol our lamilles through ouf Foreign & Commonweallh team and the contlnuing work on Supportin Partner5 with the Armed Forces Co¥•nant Fund TrusL Followlng the Strateglc Delence At￿ew.85 parlofourcon51deratlons ofrhe Impo¢tofthe changlng se¢urltylandstape, the Tru51ee5 wlll ¢on51der the longer4erm reserves posluon io ensure AFF remaSns llexlble to the chan9ln9 needs of beneflciailes and remains flnanclalty robusL PLANS FOR FUTURE PERIOD We will be developlng the AFF Vislon •nd Misslon 202>28 Into 8 wlder strategy and del￿ry plan lo tskè AFF to 2030 and wovide a platform lor developmènt inio the 2030$. AFF will conllnue to PrO￿￿e guidance on •ll areas of famlty kfe that are affected by Defence and Army pollcles and processes. In the coming period, the Governments ¢Je¢lsion to bLry back the SFA estate and to launch a Defenc Hou51ng Revlew will slgnific8ntty change the houslng landscape for Semce famllies and AFF vlll seek to un¢Jer￿and the impact and shape thls v41th ￿￿￿nCe order to best support f8mllles. WÈwlll beclosetyrnonnorlngthe Impkmerrtauon ofthe StrateglcDefen¢e A￿ewwIth reg8rd to supportforpersonnel and their famille5. We wlll seek to remaln be tlosety Involved in the develorxnent oltre Afmed Forces Commi55ioner role and in the extension of the Armed Forces CovenanL We Mll develop ever closerworking relatlonshlp5 With key Service charities such as the Foree5 EmployThent Chartty and the Arn)y BenevolEnt Fund. to ensure that beneficlary need is wnet in the mosl efficienl arKI appropriate way. AFF (1fiiiuiil reporr and dLcoun:"$ 2024125

AFF will continue to ¢Jevelop and Strengthen it5 cyber security systems and training. AFF wll be work￿ng with the Naval and Royal Force Famllies Federations to deNver the Valuing Forces Famllles Overseas prolect, funded by the Armed Forces Covenant Fund TiLtst. STRUCTURE. GOVERNANCE AND MANAGEMENT Trustees TheAFF 808rd setsthe strategic direction an¢J15 responsibleforensuringthat AFF upholds Its V81ues and governance 8n¢J deliveis its oblectlves. The Board olfers guI(Jon¢e. advice and supporl lo the Chief Executive. The Board met fourtimes during the reportlng period and they cc¥nmunic8ted frequently bètween meetlngs holding regular sub comm5ttèes between lull Board meety'ngs. The AFF Trustees. Code of Practlce document and Trustee role respons￿lI￿leS ale r￿eWed annually. Truste• •ppokrtments The appointment of Twstees is govefned by the Army Families Federation Constitution. ¥¥hi¢h states that the Cholr ol the 8oard sh8118ppgint Trusiees, with the mjlority 89reement of the rest of the Tru51ees. Appolnlments are for an Init181 perlod of three years. Followlng thls flrsi term, Trustees can be re-elected lor • further term ol three years. 11 feqvlred due io ex¢eptsonal drcumstance5. Trustees may serve one addttlonal and flngl year. Trustee positlons wlll be re￿•well based on ihe skills, experSen¢e and knovledge tequlred and advertssed on the AFF webslte and other advertlslng methods agreed by the Trustegs, approprfate io the skllls fequlred by the posltlon. The Cholr. a Trustee and Ihe ChSef Executlve Intervlew candldates and a r•cofflrnendatlon Is madg to the Bo•rd. Tru$t•e Indurtfon •nd tr•Snl On appolnimeni. e•ch Tru51ee urbdergoes an InducWon progiemme talk)red to thelr knowledge ond experlence. The Trustees deploy 8 wide range ol skllls and experfènce èsstnti•l to g¢)od govern•￿e. Skllls audits are ennually onducted to ensure an approprl8te e¥pertlse across Ihe Board. Nèw Trust•es ale provide¢J with the NCVO GL)od Tru*ee Guide. the charity's ConstKutlon, mlnute5 01 the Iftst Trustees. meetlng, latest copy ol the annual report and accounts, rlsk assessrnent and business plan, and copies 01 all recent AFF publlc8tions. The Chalr ol Trustee5 arbd Chlel Execuuve of AFF both Invme newTrusiees ta meet them. Trustees are encouraged to all￿d appropfiatè èxiern&l tralnlng ￿ents. Executlve Tum IET) The day.to.dey 8dminlstratlon of the CIO Is delegated to the Chlef Exècutlvè and Execuuve Team. Ai the end of the reportlng perlad. the Exe¢utlve ¢omprl$ed of thè CNtf Executlve, the Oper8lons Dlreciar. the Head of Fln•nce Ind the Head of Pollcy. The way that AFF Is 9overn•d lulty complies wilh tho Charlty Governance Code. The Executive sets AFF polScies whlch are revlewed and endorsed by the Trustees. Commltt••J The Board of Trustees work wlth two sub.cornmRteès. the Flnance and Remune1￿on Committee and the Rlsk and Governance Committee. The aim ol AFF'S committees Is lo examlne the recommendations of the Chief Exetutive and the Executlve Team In order to ¢ake forward and rality recommended actions. The commfftees also carry tyJt the detailed wotK whlch Is ihen recommended to the full 808rd of AFF Trustee5 for appfoval. 10 AF= &iinu&l ieport and atcounls 2024125

Employees The empltyee5 are line managed bylhe Chlef Executive and the Executive Team. elther as direct reports or Indlrectly through theii line managers. R•mun•ratton tg kny manJgemenl personnel An annual rwew of all staff remuneration is carrfed out by Ihe Financè and Rernvneration Comfflittee. which conslsts of a Sub Set of the Trustee Board. the Chlef Execuuve. the Head ol Flnance the Operatlons DI[￿Or. Recommèndaiions lor Ihis committee lor any staff increase5 are put to the full Truslee Board loi theor approv81. Remuneration of the Chief ExecLEUve is set by the Trustèe5. Our tharlt•ble objectlv•s The Constltuiion ot the CIO is laid down in the Amy Famlltes Fedwat(¢)n Constltution adopted on 7 December 2017 las amended on 11 May 2021 arKJ 6 March 20241. The objects of the Fedetatbon ale= Piomodon of sotlèl In¢luslon and mS11tsry elfi¢lency, for the publlc benefli by asslsfjng tn the preven￿gn of Army personnel ond their famllle5 belng d150dvontaged through mllitsry ser￿Ce. 2. Such other charrtable purposes for the gèneral benefit ol Army personnel Jnd thelr f8mSlles as Ihe Trustees Irom tlmtsto-time thlnk f Publlc b•n•fft st•teme The Trustees haveglven due regardlo the ChartyCommisslon'5 9Utdance on reportlng Pubmc Benefftwhen planning the charity's actl¥Atles. The paragraphs on pages 3-7 set Oul Ihe CIO'S obleciwes. adI￿lieS. achlevements and pèrformance during thè year, whlch direclly relate to the objects and purposes loi which the c￿ èxlsts. The CIO achleve5 Its objects and purpose5 Ihrough a serie5 of pfoiects and seThites io dellver employment, tralnlng. houslng and welfare 5UPPOrt to Amly personnel and their fumi14ts. The benefrts of th15 5UPPOrt are fully compllant with the Charlty Commisslon prlnclples on public benelrt. Rlsk man•g•m•nt The Rlsk 4nd Goveinance Commlttee provld•s contlnual refln•m•nt to the rtsk m•nègement processes. The fundamental of rbsk management undertaken in 2022123 has enabled AFF to update It5 rlsk management processes and feglster to ensure it Is more aligned to strategic and dyn8ml¢ rlsk capture. In doing so, we slgnlllcantly reduced the number of rlsk5 the board was monaglng. Our Tiustees are satlslied Ihat the r15k managèment proce55 dellvers a more effedvè pldure io support thwr deusion making and welcon)e the new process. In 2024 Itt& Comrnlttee agreed for an 8nnual ¢￿ernal Peer Revlew ol the rlsk rè£ilsieT and processes to ensure Continued best pr8d¢e. The r15k reglster and Tlsk heat map are r￿leWed al all TNsiee Board meellngs. The Chlef Exe¢utlve reports on key movement in risl ond mitigatlons that are Identlne¢J and actloned. The Executivè Tearn re￿e￿S and assesses risks as they 8rlse and routinety as pan ol the monthty Strateglc Execulve rneeung. The Safeguaidlng reglster Is ievlewed monthly by the Exec4rt1ve Team and approved by the Trustees as required. In 2024 we rewewed our current 8u51nes5 Continuity Han and identified key areas for Improvement. The Operatlons team 15 now l¢)oking at best practices and aiming lo cOM￿ete a fundamentsl update by Juty 202S. AFF (Innual report and dccounts 2024125

REFERENCE AND ADMINISTRATION DETAILS REGISTERED CHARITY NUMBER 1176393 (England and Wales) I SC048282 (ko￿and) CHARITY OFFICES my HQ. Ramillie5 Building. Marfborough Unes. Monxton Rood. Andover. SPII 8HJ PAThON HRH The Duchess of Glotscesler GCVO TRUSTEES Abigail Boyle Jarnes Banks Julia Rogers Mark Watkins Nlcola Scarr Paul Collard Vlckl Wenlworth Ireslgned 27 November 20241 SENIOR MANAGEMENT Collette Musyrave- Chlel E¥ecutlve Paddy Bleakley M8E - Director ol Opefallon5 and Engagement vienne Fr8nl(Iln Head ol Financè Rachel Smith- Hejd of Policy laFvointed Awll 20241 INVESTMENT MANAGERS 8la¢kRock Investment Management IUKI Ltd. 12 Throgmmon Avenue, L￿dan EC2N 2DL AUDITORS Azets A(tdK Swwces. Thlrd Floor, Gateway House. Tolly￿e. Chandlers Ford, Hamp5hlre. SO53 3TG BANKERS 8arcl8ys Bank ￿¢. Lelcesler LE87 288 &'gned by order ofthe TNstee5". Mrs Abiga5180￿e Chair ol the Trusteès Approved by the Board of Trustee5 w 7 October 2025 12 at]nuai ret)Qit 3nd acccAJnts 202412r

ARMY FAMILIES FEDERATION REPORT OF THE TRUSTEES Ihe year ended 31 March 2025 RESPONS181LITIES OF THE TRUSTEES Thè Trustees are responsible for weparing the Trustees. annual report and the financial statemènts In accordance wlth appllcable law and Vnte(t Kingoorn Accountyng Stsndards Iunited Kingdom Generally Accept•d Accounting Prackn'cel. The law appllcable to Char￿eS in Erwland. Wele5 and Scodand reqLblres the Trustees to prepare finantlal slatements for each flnancièl year whlch 9ive a twe and fair view of the stste ol affoirs of Ihe charity and of the incoming resources and applIca￿On ol resources of the for that period. In preparing these financial statèments, the Trustees are required to: select suitable accounts.ng pollcles and th•n oP￿Y them ¢onslslenty. observe the methods and principles in the Charits"es SORP 2019 IFRS 1021.. make judgements and e5tlmate5 thol are reasonable and prudent: stste whether appllcable accountlng siandards have been followed. subjeci to any maierlal departures disclosed and explained In the flnancSal statements: prepare flnen¢ial statements on the golng concein basls unless It Is Inappropriale to presume that the ch811ty vthll cont5nue In oper•Won. Thè Trustees •re responsible for keeplng proper accountlng records that dlsclose wlth re850nable ac¢ur3ey et any tlme the flnancl81 position of the char4ty and engble them to ensure that the flnan¢lal stjlements comply wlth Ihe Charities Act 2011, the Charltle5 (Accounts and Rèports) Regulations 21)08. Charlties and Trustee Investment IScotlanYI Aci 2005. the Charity Accounts (sco￿8nd) R￿ulationS 2006 las bmendedl, and the provislons of the trust dèed. They are also responyble lor 5ale9uarding the asset5 of the charlty and hence lor taking ￿aSonable steps for the preVen￿On and detecuon of fraud 8nd other irregulorities. The Trustees are responslble lor the malnten•n¢e •nd Integrlty olthe chaity and flnancl81 InfoTrnation In¢luded on the charlty's website. Leglslatlon In the Unlte¢J Klngdom governln9 the preparavon an(1 dlssgmlnatlon of flnanclol st)iemen15 mjy differ from leglslatlon In thherjurlsdlctlons. Slgned by order of the Trusiees A¢ts Mr5 Ablgall Boyle Chalr of the Trustees Afmy Famllles Federaiion Approved by the 8oard of Trustees on 7 October 2025 AFF oniiual report and Jccovn15 2024125 13

ARMY FAMILIES FEDERATION REPORT OF THE INDEPENDENT AUD￿oRs TO THE TrUSTEES OF ARMY FAMIUES FEDERATION We have audited the ffinancSal 5talefflents of Army Farnilies Federa￿￿ (the'charilvj for the yeai ended 31 March 2025 whk compr+5e the Stotemenl ol Financkal Activrtles. the &alance Sheei the Statement of Ca$h Flow5. and nO￿S to the Ilnanclal st8temenls, Intluding 8 summary of si9nifKanl occounling pc4icies. The financial ￿pOrting framework that has been applied in their prepaiatson is applltable law arKJ Unite£l King¢Jryn Accounb"rw Sthntjards. including fv"nanclal Reporting Standard 102 'Thg Financlal Reportln9 Standard a￿lcable in th¢ UK and Flepubli¢ tsf Ireland. Ivniied K5ngdom Gener81ty Atcept•d Accountln9 Practlctl. In our ¢)plnlon the flnancial stslemen gNe a tr￿ and falr wew ofthe statè of the ¢h•rWs •ff•its 0$ •t 31 Mtsrch 2025. and of 6ts Incomlng pplica￿On ol iesoufces, lot the year then ended." have beern property prepwed In accordance Unlled Klngdom GenerwkyArcept2d Accouniing Pr8Ctlce' and hwe been weptred In accor¢Jance with the requirements of Ihe Charllles Act 2011 ond the Charltles gnd Truslee Investment IScotLqndl kt 2005 and regulaiv)n 8 of the Chaiilles Accounts Iscotlondl Re9uLl￿Dns 2006. restyJrce$ arKJ 8•51• for oplnlon We conducted our audll In •¢cor¥an¢e Intem•tM•l sI￿d01¢s on ￿￿lting IISAs IUKII an¢ applicable lÈw. Our r95pon4bllllJgs under Ibose Standards are lunherdes¢rlbed inihAudIt￿S(?$pjNs1￿1.tlt$r0TIheaUy1I of the Ilnanclal statemen1$ secuon olour wport. W• bro Independenl olthe charity In acc¢ydancewth the ethlcal reoulfemontsthJt are ielevant to our audll ol Ihe ffn4nc6al 5t•ments In Ihe UK, Includlrq lh FRC'5 Ethlcal Standard. and we have fumiied out other ethical respon51bilitles n occ¢xdance wlth these requliements. We b•lleve lha¢ the •udtt ￿￿en¢t we hove obtalnerl 15 5uffi'cleni and approprlète to prtsvlde a ba￿$ fty ¢>ur opknIc￿. Cgn¢luslgns r•l•tSng to gdng concem tn DurJlUnu the flnanclal stslemenls. we have condu¢ed t￿1 Ihe TwMee5' use of Ihe qolng ccrfKein bBsls of 4cc¢untlng In the prep8ratlon ol the Inanclal St￿leM￿n[sI5 opproprlale. eased on lh• work wé have perfO￿r￿d. we h4ve n¢X Identffied •ny m4terlol un¢ertaintle5 r•totlng io events (x condltknns that, Indivldualwor collectively, may c85¢ 5lgnificunt￿Ovb( on the charlty's a￿lIty to cOn￿n￿e •s • yolng ¢oncem for a perlod ol JI leo5t 12 rnonths from when the Ilnanclal statements • outh(ls•d lot +$$￿. Oktr re5ponslbilltles ond th? r¢spwgtyllie$ ol th• Tiusl•e5 wth respect to 9olng corKern aF dexrll)od In th• relevant se¢Uons of thls rtport. Oth•r Informat1 The other inloimatitsn comwlses thè InlLvrnaknDn InCKjd￿ In the Tru5tee5' fjnftual report ￿her thon th• flnancl•l statemenis and ¢ur 8udMorfs ￿port theiecffj. The Twstees 8re reswslble for the other Inform811¢)n cort4lned wlthin the •nnuJl report. Our oplnlon on the fknot)¢iJl S1e￿N¢$ does not tovr the other Informatlon and. except to th• xl•nt ptheTh￿se expllcltly thled In ou¥ report. we do not eMpres5 8ny t￿M of a￿u￿￿￿e ¢pn¢lusion th?reon. Ourresponslblltylsto re8dthe other1nforrna￿l)n •nd.Indolno s0.consider￿thertheother Infoirn•ibn1$ rn8tèd81ty Inconsistent th the fSn&nclal statements or our knowl•dg+fJt•lned Inthe Course ofthe avdlt Ot othefw15e oppears i) be materlally mlsstated, we Identlfy such ry)ater￿I Inconslstencles of appar¢nl m8terlo1 mlsststem¢nts. we are requlrea to deteimlne whether thls glves risè to a material missiotemeni In the finanEi?I statements ihemselves. 11, based on th• ¥ffjtk wtr have perform•o, we conclude ihat there is a rn8terlal misst•temnl of this Other inlowmatic¥).w• art rtquired to re￿ that f4cL We h•ve nothlng to report in this iegard. M•tter# on knthkh we Jre required to r•port by •K•pUwi We have notning 10 report n rÈ5pect ol the following rneners..D rela[k￿t0 whlchthe Chadyes (Accounts and Reports) Regulations 2008 and the Charth"es Accounts IScotlan¢l Rewlatsons 2006 requir8 U$ to roport to you 11. In ￿￿r opknlon.. the Inlormatlon glven In the finèncial &tal&rnvnts 1$ InCor￿stent in any ffjaterfal respeatrhth the Tn45tees' rem. or the charhy hBS nol kept adequate accountlng reC￿￿s.. or the financk81 statemènts are not in 4greement wrth Ihe accwntfjng recoity or we have not recewed all the lThftIm￿Tr and eX￿an￿k)n5 ￿ require for our audlL Responsibilities of Trustees A5 eX￿OI￿e￿ rnore fully In the Trustees. reSPon￿bIlItieS st8ternenL the Tru5tee5 ore responsible lortr weparation of the financial statements ènd for being salisfied Ihal they gfve a true and I￿r VEW. and for suth intem81 control as the Trustees determlne is 14 AFF tinnual report% and accouii ts 2024125

rece55•ry to enOb￿ the weparauon of 1Snanclal statements thot are free fvom materlal m15StalernenL whethew due to flaud L¥ error. F¥eparing Ihe financ￿1 statements. the Trustees are responsible for assessing the charity'$ abil'ty to continue as a gdn9 concern, disdoslng. J5 8KWKabte. rn•tter5 related to going concem anLI u5Ing the going concern basls of accountyng unless the Trustees elther Inlend to liquldare the charfy ￿ to Cease operauons. y ha￿ no reah"sti¢ aiiernatjve but to do $0. Auditor r•sponthlWtles for the •udlt ofth• IIMnd•l sl•tements Wc have beon appoinrèd 8$ au(Jitor under sectson 144 of the ChariTJes Act 2011 and repm in accordance wllh regulaiions rTtade under secuon 154 01 that ACL Oui oblectlves ale to obtain teasonabk assuranc aboul wheiher thtr finandal stat•rnents as a wh￿e 810 fre• from mated81 misststement. whether due to ftaud or error. and to Issue an auditorfs re￿ th81 include5 tsur D￿nIOn. Reasonable assurJnt• 15 J hlgh level of Js5ur3nce. but 15 not J guarantee thal ￿ audrt in accordance ISA& IUKI vlll always detea a m8teilal misst8temenl whÈfi It eX15t5. Mi5$1•lements c•n arf5e from fraud Dr error are con&dered matèrlll If. Indlvlduèlly or In the aggiegate. they couk1 re8sonabty be expected to Influence Ihe economic L1e¢lslon5 of u5er5 tsken on the b851s of these fInanc￿l Statements. Iriegu18rftle$. In¢ludln9 fraud. 8r• Instances of nortr¢wFl8n¢e vllh ond re9ukni¢ns. Vle design pro¢eduro5 in Ilne wth our responsltslbt+es. outlined ebove. to detect matwlol misstatements In re¥Jeci of Irregulartties. Induding fraud. The specifl procedufes for ihl$ engagèment and the ￿ent to whlch Ih•s• ar¢ ol detectlng irregular1t5￿. Includir￿ froud15 detsiled below.. Enqulry of managemert Ihtss• ¢hawg•d gov•m•nc• around •ctual Jnd ptstgnual INlgJUcn and dalrns as well 4$ actu. suspe<te<l •nd •leged fraud". R•viewlng mlnute5 olmeeiing5 of those charged governance: As$Èslnu thÈ gxtent ol COrnpl￿¢t Ihe laws règulation$ ¢¢w4lder•d tp hove • dlrecl materf•l effeGI on the financSal ststements or the ¢per)16on$ olthe charlty throy¥th enqulry and Inspeath.. RelA￿Trg financlal 5talement dlsc105ures and testing Io suFyorbThJ docurnentsllon ¢0 as￿9 ¢ompWanc• wlth appllcgble laws and regul8tlofis', Perfomilng audh work ¢)ver ihe rlsk ol manaoemem b￿$ and o¥errlde ol controls. InEludins testitiq of IouTn81 enide5 arid other adjustments lor apwoprlateness. evalua￿n9 the ￿￿eSS raiionale ol si9ThThcaiit Iran5BCtlor15 OUt&de the ntsrmo ¢our5e of bu51ne55 and r•¥lewng accountin9 •5Umol•s for kndKotor5 of poteiiUBI bia5. Bocause ol the Inherent Iimiiatsor6 of ¥n ?UL1tt, Iheie 1$ 8 risk that WQ %4AII noi delect oll Irregularflies, including th050 leadlng lo a rnaterl81 m15Statement In the fbnanclal stalements or nonmts IScotLgnd) Regulatlons 2006 Qur audit wort¢ has beEn undertakvn s¥ thot we mlghl State its Ihe charity's Trustee5 those mattels w aye required to 51ate lo l*em In ?n 8udiiof'5 fEPOrt 8nd for no other purpose. To the exlent pwmitted by18w, we 40 not accept or assume re5ponlbilltytt) Dnyone other than the charity nd th8 thaflvs Trustees a5 a boty. foi our audll f(￿ Ihls repo¢ or for the oplnlon5 we have fwnod. Azets Audit Services (StatLrtory Au¢Jltorl Thlf¢ Floor, Gateway House Tollgal Chan¢JkrS Ford. S053 3TG Dated.. IL Zobs Az¢t5 Audit Services is elgStAe to aa 85 In wms of Sgthon 1212 of the CCA￿a￿leS Art 2006. AFF annual report and accounts 2024125

ARMY FAMILIES FEDERATION STATEMENT OF FINANCLAL ACTIVITIES for the year ended 31 March 2025 2025 2024 INCOME AND EXFfNDITURE Lknrè5tricted Restricted Total Total INCOME FRCXM: D¢￿etIonS and gran 1,1(￿.810 268.345 1.373.186 1.383.710 oth¢r Income 325 325 52 Investment Incom• 23,682 29,D53 Total In¢om• 1.13IU7 1.397,192 1.142.815 EXPENDrrvRE FROM.. Chadtable acU￿tIeS 1.073.528 278.655 1,352,183 1,400,050 Tot•1 •xp•ndltw• 1,071528 278,655 1,J52,183 1,400,050 NET INCONEIIÉXPENDITUREI BEFORE ¢IA4S AND LOSSES 67.319 {12.3101 45,009 12,765 Net galnslllossesl on Investmènts 123.4581 123,4561 11,232 WET INCOME FOR THE YEAR 1113101 21.553 23,997 Aeconcllallon ot lunds.. Total lunds brought forwBrd •t 1 Apiil 2024 1.077,1&S 47.763 1,124.929 1.100,932 TOTAL FUNDS CARAIED FORWARD AT 31 M•rth 2025 1.111.029 35,453 1.1412 1.124.929 The S¢8tement of Fln8rKlo1 Actith includes ￿1 gain5 and h)55e5 recowi5ed in the year. All Incomlng f•sourt*s ané rè50uice5 eypended derive fr¢m ccrtnuhg actlth. The nrkns lorm part ofthe5e f￿an￿oI $latements 16 AFF ap.nual It:por. ￿(lOU￿1S =. 024125

ARMY FAMILIES FEDERATION BALANCE SHEET 31 Maith 2025 2025 2024 NOTES FIXEO ASSET&- Tanglble •55et5 10,691 6,407 Inve51rnent5 11 637,076 6M.771 643,483 CURRENT ASSETS.. Debtors 9,203 208,933 Cash at bank 8nd In hand 598,086 367,112 7.289 576,045 CREDITORS: Amounts lalllng due wrthin one ye•r 10 1105.5781 194,5991 NET CLWREMT ASSET&. 1.711 481.446 YOTAL ASSETS LESS CURREMT LIABILITIES: 1,148,482 1,124,929 PUNDS: Unrestdctè¢J funds.. qentfal rè5•Ne 12 973.614 930,828 Unrestricted fund5'. desvJnated furKI¥ 12 137,415 146,340 Restrlcted funds 13 35,453 47,763 1,141,4•2 1,124,929 The flnancl81 ststements byéfe approved 8nd aulh￿se<l ts issue bythè ￿￿ty¢r$ ol tn• BoDrd of Trustees cffl 7 Oclober 202J and 51gne< on thdr beham by kn6gail eoyle ICh•lrl. Mrs Abigail 80Oe holr of the Trustees Dated.. 7 Octoter 2025 The ThJte5 fonn part ol these fnanojl atements AFF-. aniiuiil rewrt and accoun15 2024125 17

ARMY FAMILIES FEDERATION STATEMENT OF CASH FLOWS 31 March 2025 2025 2024 NOTES CASH FLCWIS FIIOM OPERAT4G ACTMTIE&. Net ¢&sh prowded ty operaUng ac%￿rtIeS 239,052 1217.2871 Cash flDW5 fr¢yn Investsng acti￿1185.. Inter85t from Thestments 3.222 4,085 Purchase ol laTrJlble fixed assets Purchase of Inve5trnent uThts 111.3001 Proceeds from Sale ol investments CHANGE 4 CASH CASH E01￿￿￿4T$ FOR THE YEAR 230.9T4 1213,2021 Cash ¢ash equfvab•n15 ￿oUght lo￿￿¢j at I WI 2024 387,112 SBO.314 CASH AND CASH EOUfVALENTS CARRED FORWAIID AT 31 M4r¢h 2025 367,112 •) R•conclllallon ol n•1 Incom•ll•xpwKlllw•l t4 n•1 c•th Ilow 2025 2024 Net lexperKliluteVineoffle for the year as Per stotement of Flnancial AcWthtSes 21.553 23.997 Adjusted for Dwre¢iaUon 7,016 13,821 IGain$Pitssse$ on in¥ésimenlS 23.456 123,6821 199.730 111.2321 129,0531 1197,9tKI 116,920 Inierest from thvestments De¢reasellln¢ie)sel in debtors IDecrÈaseWncrease In tredrtors 10,979 M•t CD5h yob4d•d by op•r•t￿9 •thi 2311.052 1217,2B7) bl An¥1￿1* ol ¢Mh and r•¥h •tyJlv•l•Dts 2025 2024 Cash at bank and In hand 59B,OB6 367,112 18 .￿f annual reTrM and accounts L024125

ARMY FAMILIES FEDERATION NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2025 1. ACCOUNTING POLICIES ACCO￿￿tIng ¢onv•nODn The financial statements have been preptied under 1he char￿e$ Act 2011 M the hlstlyktyl cost t£rfbvenJtsn. extept Investment assets th8t 8re carried at Thè flnandal statements Bre prepared ITh accordance wrth applic8l￿e accoun￿n0 stsndaids and the &atement of ftecommenéed Practke on Accountlng and Rep￿n9 by Charltlos.. Charmles SORP FRS102. R•sourca• owdod l expendrture 15 accouMÈd for on an accruals basis tyrwj has been do$￿￿e￿ under he8ding5 that aggregate all costs ￿1￿1¢¢1 to the eJteoory. Where costs cannot bE Ire￿Y atttybthed io p8rtlculor heJdlng5. they heve been 8No¢ated to ¥C￿lieS on a basls ¢on51stent ￿Th use of the resouices. Tanglbh flx•d Expenditure on fixed assets over £1.000 15 capltalised. Rep•lr expendlture 15 ￿tten off as expendthre In the statement ol financl41 •dlv6Us. The cost ol Ilxed assets Is thèlr pvrchu50 C05L tcg•thei wlth ony Incidenial cost¥ of JcqulY¥on. The Trusi ¢onstituies • publlc b￿effi1 envty 1$ defined by FRS102. TheTiuste¢s ¢￿sIderIhalthVro are nD mat•iMilurtertrths •tyout the Trust's •biWto contynue as • going <t)n¢ern. The followlng prlnclpal •<¢￿￿ting polcl•s h•v• conslstently applled in preparlng these ffnanclal staTrments Ich remaln unchanged from the prevt•U5 yew. Dewl•iiM 1$ W0￿ded at the followlng annu￿ rates In dertgvthte ofl each ess•t ovei Its estSmateLI uselul Ille. Ctyw•r and gffice eqtrlpm•nt- 33% on cost Fund accounung General funds are unreslrlcted fvnds wlhkh are •val￿t￿e f se 8t Ihe d15cellon ol the Tru51ee5 In furthwjncv ol th geneial 04ectI￿ of the Charty and whlch not been deslgnoted for Olher purposes. b¢tyn• and funth polcy Vuluiilary InCDme aiioj donal10￿ •r• 4ccounled for D5 receNed try th• ChaDty. Inv••tm•nt• •nd In￿￿1￿•nt Incum• liveslments 41c InGludea at i1051Try iiiid4n8rk•i value al the bO￿nCe Sheet date. Any 9ain or loss on revaluollon 1$ token io the statement of finanaal •ctlvllles. Inve5tnieiit Income Is accounte¢ ior on On •ccmo1s t>•&¥. Deglgnated funds COM￿se unregtrlcted tunds that h￿e been set a51de by tho Truslees for portlcLAar wiposts. The jlm &nd use ol each designated fund Is set ¢Jt In tr note5 to the hn•nclal Statern￿ts. Regtncted fun¢$ ore lun(l> Ich are to be used In 4cC￿dIDce wlth 5pecffjr r•Strfct￿rtS posed by donors ¢¥vthlch h•ve been rels•d bythe Chartty lor partlcular Pur￿)se$. The cost of rSslng and such funds ore chBrged agelnst the 5pKlfic fund. Th• airn nd use of e8¢h restrlrteil fund 1$ In th• n01•$ 10 th• nn•ndèl statements. C•• It bank •nd In hand C85h al bank and In hand includes cfj$h ond Shorr tèim highty 1Squld Inv•SLMen￿ J shori maturlly ol three mmihs or Iws from the dal• of or openln9 of the ¢eposli ¢y slmll•r •ccounL In¢om5ng rn•ourc•• All Incomlng resources ore Inclu¢)e¢J In the statement of financial oclmtles when the ChaTIty legalty entil￿d to the inc￿￿ an(J the amount CBll be quon111ied wilh ie8sonable accurary. Such Income Is On￿ deferred tten the donor specllie5 that the grant or dona￿On must C￿trY be used In lulure 8ccounikng ptrrlods or whgn the (lonty ha$ Imposed condlilons whlch must be met befoie the Cha ha5 vnconditional enlit1￿￿￿t Fry ￿90(les. vntitlernent is the earller ol the Charlty betng notified of an ImwdlThJ distribution or the legocy bng recwved. V•lu• dd•d l•x Valtse added Is npt recoveraL4e tsy the Chadty. and as such ￿ Included In the relevarf costs In the Siatement of Flnanciul AclNiUes. Govemjnte ¢tsst5 Inchjde all expÈndlture which Is not direaiy re￿ett 10 lh¥ charit0b￿ aC1￿lY. Thls In¢lude$ sjljries for adrnithstrative stoft, audttor5' rernuneratlon nd Trust••s' meet￿9 •xpeFYse5. For•l¥n cun•nEi Trens8¢Irf￿S In fDreign curyencles 8re recorO8d at the rtte ruling at the dateof the trin5Jcbon. Monetary assets nd 118biutie$ #enC￿l￿ated In forwgn rurrencie5 are retr￿slated at the rate of exchange rullng 8t the balance sheet date. th'fferences are taken to the Statement ol nanclal A¢v￿leS. Glfts In kfnd donated lor d15trIbutlon are Induded at V8luatlon ancl recognlsed as Income when they are di5trftyJttd to the projects. Glfts don8ted for resale Included gs Income when they are sohj. Donated faalttles ere induded al the value to the Charlty where this can tye qu•ntSfie4 and a INrd party Is bearing the cosL No amounts are included ￿ the financial slalement5 loi Se￿e5 donated by volunteer5. AFF arinual report and accounts 20?4125

  1. DONATIONS AND GRANTS 2025 2024 Grant in (Put4ic rnoneylundlng) Arffly cer￿al Fund InM-pubUc ￿ney) Royal Britlsh LegK)n Arrny Benevolent Fund 8ll.fjsh Forcts Cyprus (Honorarwjml Amied Forces Covenant Fund Twst 575.000 $3F,SS0 172,364 45.000 575.lJOO SIO.318 170,047 58.000 4.800 45.981 50.000 Annlngton Homes AS￿re Defence Miscellaneou5 donat*)n5 15.000 545 1,373.185 1.383.nO
  2. INVESTMENT INCOME The Charity'5 Inve51Tnenl 1￿c￿e o115e5 Ircm both interest beoring deposit Jccoums and diwdends frMI the Accumul•rion UnFts held wrthln the Armed Fuces Chorty &owth & Incorne F￿d. FI￿d5 invested In Ihe AFCfjIF are kn •c¢urnulotlon unlts where Income Is re5nvested.
  3. EXPENDITURE Expendituie lor the yeBr is stated aftw chwgin 2025 2024 AUd￿orS. f•mun•ratlon- for judit 7.SOO 7,290
  4. PENSION COMMITMENTS Tht chorily operaie5 o deline(S contribution pensfjon schwne In resF¢rt of cert)h eM￿oyees. The a55ets of the ￿herne are •dminlstered by TNstees In 8 fund inde￿ndent Irom those ol lh• charfty. Contrlbutlons are th?rged In Iht Slalem¥ni of FlnarKlal ActI￿tIeS as they t•ll due •nd •rnouMed to £18.278 In Iht ye¥12024. £16,304I. At the balance she•¢ ¢Jate theie wer• out5tandln9 contsltx￿On5 of £4.47612024- £01.

  5. STAFF COSTS 2025 2024 Wages and 59l•rtes Ernployer's N8tSonol In5urèn¢e Ernplcyerfs penSIc￿ contr5￿￿Or 943.762 888.900 71.519 18,278 1.039 559 71.430 16.305 rhe aveiage number ol e￿￿OYeeS durlng the year. • luH41me eguiv•lent basis. w05 45 I￿lOw5.. 202S 2024 No. Core stefflnu Govem8n¢e 33 The majorty ofaFF s1•ll are part-time. Thi5 thke51he ocwol numbel ofemployees to 38 Q024. 391. Ont employee recefved a 5abry bdween VO.OQ) #nd £80,f*)O In lh• y•ar. 12024 one em￿Oyee received u s8lary betyleen £80.OOOand £90.000 inthe year.ITMetotal aM￿nip8[dI0 k•ymanagemenlperson￿1I￿ Iho ye4rwas£248A83 r2024 £197.048I. No remuner8V￿ was paKI to Trustees. or pets￿S clc6etyconnected vlththem. In the perlo(1. £98was pald to Tru5tee5 fortravel expeTrse5 In the peilod12024- £1521. 20 AFF annual report and account5 2024125

  6. ANALYSIS OF EXPENDITURE Slaff salawies and costs Sjp￿)rt 2025 Total 2024 Total Charlt•ble •cti%ryties Core staff Governance costs 1.039.S59 29.450 1.069.009 273.058 10.116 283.174 1.312.616 39,S67 1,352,IB3 1.359,548 The Feder•tion wies on MOD sites at no cox Cert•in ￿"Ity pwnlses costs are aL%o pro￿￿e<l free. rt is n CLxrenlly posslble to quan*"tythe value of these Serw6￿ so they have not been In(￿ded In the ac¢ount5.

  7. TANGIBLE FIXED ASSETS
  8. INVESTMENTS 2025 2024 Ccn nd office e eolonce a5 Ot 1 Aprll 2024 AdditK)n$ Disposals Relnvested Inc¢Jmè Urff•&ls•O (Loss•gyG&ns 637.Q76 600.877 COST.. At 1 Aprfl 2024 Addllions C4sposats 50.189 11.300 20.460 123,4561 24,967 11.232 At 31 March 2025 Usted Invemmerrts a5 at 31 March 2025 DEPRECIATIThY.. At 1 A￿512024 Ch•rge fo¢ y Ellmlnoted on dlsposal 43,782 7.016 Th bsted Investment Is heSJ In Blackto¢k'5 Armed Forct5 Chowlues Grolthh •nd Incorne Aji) At 31 March 2025 NET 800K VALUE.. Al 31 March 2025 Al 31 March 2024
  9. UNIIESTRICTED FUNDS 10,891 G?neral Deslgnaied FeseThe fund5 Tot•1
  10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 202S 2024 930.826 146340 1,077,166 1 WI 2024 Tr8de debtors PiepayTnent5 and accrued Incorne 4.800 4,403 174.847 for Ihe year 42,788 18.9251 33.863 9203 208.933 Tronsfers between fund5
  11. CREDITORS.. AMOUNTS FALUNG DUE WITHIN ONE YEAR 2025 2024 Buknre at 31 M•r¢h 2025 973.614 137,415 1.111.029 Tradè eredrtows Accruals and deferred Income fj,875 98.703 9.984 84.61S 105 578 AFF arinual report and accounLf 2024125 21

DeS1￿atrd Fund5 M¢)vemeM In ftjnds Balance at 8alance at 31 M8r¢h 2025 Incomlng Transfers Resources expended 2024 It Spefid-trlardware IT Projectsllmprovements Impact Measurernent 3110 30.oc 65.550 5,015 3,910 60,535 46,880 50,790 146.340 8.925 137.415 The deslgnated reserves have bÈen eStabl￿heO ty the Tru%te•$ to enyJi• th•t tw od?qu8t￿Y 5UPPOrt the charty and strategic alms. The deslgnèied fthds cofflwLse-. annuÈl afflount1£30.CQOI c¢mrnitied by the TnJ5tees io enabse the Improvemert of ￿ hardwbre c4pabllts ensuie these adequatety support the thatity's wjrk. 2. A reserye. to support IT projects and improvemen A fwther re5•Ne to sjpportthe chorivs work an Its Wategy and knpDct rneomwement. 13. RESTRICTED FUNDS Thg Income lunds ol Ihe Charity IndLKJe restrbct•(I lunds c(ffiprlslng the loWowln9 b•l•)ces of 9r&nts held on trltst to be applled ftlr spe¢5fic purp05•S'. Movement In Iwrtls eukrynce •1 l Aprti 2024 88iJNce ai 31 Maich 2025 InconlThJ re￿￿rCeS R8sourc•s expende(VtfJnsfws The ￿rnY Benevolent Fund Royal 8rlt15h Legl Arrned Forces Covenont Fund Trust 45.000 45,000 192.792 37,863 40.769 172.364 20.341 15,112 45.981 Asplr• D•f•n¢• 47.763 266.345 278,655 35,453 Comp•r)tlve knformauon from the ￿￿oU$ll￿ntIOl >•r •$ fol¢ Movemenl kn fut)ds 8alance ai 31 March 2024 1 April 2023 Inrorniry resources RsouTce5 •yndethansfws The Aimy 8enevolent Fun¢J ftoyel BI￿sh Leglon Armed Forces Covenant Fund Trust SB,QJO 170,047 50,C(J 15,C(#J 58.000 29.701 158,979 40.769 6,994 43.C•)6 Annlngton 15.000 701 293.047 274.985 47.763 AFF annknal ieport and aLLULiiIIs &U241..

Thè Army 8ene¥olent Fund IABF The S¢ldlers' CharSty) The funding was yovlded to support AFPS work In the Money and Allowances area fin 2023124 it was glv&n for supporting Army famity lilel. Royal Brltlsh L•gi¢xb Thè fundlng was provided lo increase the capacrty of the Foreign & Commonweatlh team who provlde vlsJ and Immigration advlce to non-Britlsh UK SeNce personnel and their lamil'es. and push for change io Government and delence policy and processes. Th• Arm•d Cov•nant Fund TnMI Fundlng wa5 received in 2023124 for a tr￿SerVice project l)efv4een the three families federations. on 'Positlve Futures for Mllltery Parlner5'. 115 purpose wa5 lo undert8ke 8 review of current employThent support avallablè to spouses and partners and how ihe offer could be made io besi meet the needs ot the beneficlaries. Further funding was recelved In 2024125 to contlnuè Ihls work In supporn.ng partners and enabling Improvernents to the Forcès Fafflllles Jobs webslte and offerlng. A￿1r• D•f•n¢• Ftsndlng was r¢eived to supwt the Ask AFF roodshow in Aldershot. Annlngton Hom The funding was provlded to support mllitary famllies living in SFA, to provlde dongle5 foi famllie5 wlth poor Inlemet conne¢llons. 14. ANALYSIS OF NET ASSETS BETWEEN FUNDS Curr•nt Current Tgtal net a55ets at 31 M•rch 2025 sset5 Vnrestrlcted fun¢$ 434.421 ll05,578) 973,6H 00$1gn•ted 137.415 137,415 Restrtded fund$ 35.453 3S,453 8elgnce ai 31 Marth 2025 607289 005,5781 l.H6.482 AFF annual report arid accoLnts 2,".24125 23

Comparawve Infoimafjon from Ihe p￿￿ou$ finan¢W year as fr*1 Cwrent assets Cuffent lia￿.￿be$ FIMed a￿ets Tot41 net assets at 31 March 2024 Unrestrlcted fvnt1s 381.942 P4.5991 930.826 Dèslgnated funds 146.340 146.340 Restricted funds 47.763 8alance at 31 Maich 2023 643.483 576.045 (94.5991 1.124.929 THANKS TO OUR AFF FUNDERS Army Central Fund Grant in Ald Atmy Benevolent Fund Royal British Legion Armed Forces Covènant Fun¢J Trust Aspire Defence Y CENTRAL ARMY Army Benevol•nt Fund OYAL DRITISM LEGION THE ARMED FORCES COVENANT FUND TRUST Funded by HM Governrnenl Aspire 24 AFF annua.. report accobnts 2024125

army families federation Army Famlll•s F•d•ratlon is a charftablt Incorporated organl$ation r•glst•r•d In England and Wale$. 1176393 (England and Walei) SC048282 (Scotland) AFF IDL 414, Floor 1, Zone 6 Ramlllles Bulldlng, Marlborough Lln•8 Monxton Road. Andover SP118HJ T: 01264 554004 E: contact@aff.org.uk W: aff.org.uk Publlshed xxxxxx 2025 OSCR Registe￿0 SC048282