ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025
CHARITABLE INCORPORATED ORGANISATION CIO NUMBER 1178920
Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
CONTENTS
| Pages 3 to 6 | Report of the Trustees |
|---|---|
| Page 7 | Statement of Financial Activities |
| Page 8 | Balance Sheet |
| Pages 9 to 15 | Notes to the Financial Statements |
| Page 16 | Independent Examiners Report to the Trustees. |
2
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025
LEGAL AND ADMINISTRATIVE INFORMATION
CIO NUMBER 1178920 DATE OF REGISTRATION 25 June 2018 START OF FINANCIAL YEAR 1 January 2025 END OF FINANCIAL YEAR 31 December 2025
TRUSTEES THAT SERVED DURING Wg Cdr MS Ghataora (Trustee) Chair THE YEAR TO 31ST DECEMBER WO T Jones 2025 Mr GV Williams Mr A Wright Mr S Stockill Mr AF Vizoso Treasurer
AOC no. 22 Group may appoint one trustee who will be Chair of the CIO. Other trustees are elected at AGM. CORRESPONDENCE ADDRESS RAF Microlight Flying Association No 3 Hangar The Airfield RAF Halton Aylesbury Buckinghamshire HP22 5PG GOVERNING DOCUMENT CIO Association Document BANKERS Royal Bank of Scotland Holt's Military Banking 200 Fowler Avenue Fowler Business Park Farnborough Hampshire GU14 7JP INDEPENDENT EXAMINER Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester West Sussex PO20 7EG OBJECTS The objects for which the CIO is established (the “Objects”) are to promote the effectiveness of His Majesty’s Armed Forces by increasing physical fitness, fostering the esprit de corps and raising morale of members of the Royal Air Force and other services, in particular, (but not by way of limitation) in an inclusive and safe environment, through promoting, encouraging participation in and providing or assisting in the provision of facilities for Microlight Flying.
3
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
EXECUTIVE COMMITTEE
Committee member name
Office (if any)
Dates acted if not for whole year
Air Cdre D Rowland President From 18 Oct 25 Wg Cdr MS Ghataora Chairman Air Cdr D Roland Deputy Chairman Sqn Ldr P Waters Plans & Projects Wg Cdr (Retd) AF Vizoso Treasurer Mr S Greaves Dep Treasurer Sqn Ldr J Colmey OIC Halton Microlight Club Membership Secretary Wg Cdr (Retd) S Stockill Until Dec 25 Flt Lt J West Ops & Flt Safety From 18 Oct 25 Vacant Dep Ops & Flt Safety Wg Cdr MS Ghataora Eng Member WO T Jones OIC CMC Chf Tech (Retd) D Seath Chief Flying Instructor Sgt P Orford Training Camp Member Maj A Washbrook Secretary
The charity is governed by its trustees with the assistance of an executive committee appointed annually at a general meeting of members.
OBJECTIVES AND ACTIVITIES
Through the Halton & Cosford Microlight Clubs, the Association aims to provide 'Air Experience' flying for new recruits & those undergoing their phase 2 training. Additionally, it provides the opportunity for flying training toward the award of a Civil Aviation Authority accredited piloting qualification together, with facilities for students to sit the theory and practical examinations leading to the award of a National Private Pilot's Licence (Microlights). For qualified members, the Association provides aircraft and facilities to allow members to develop their flying skills in a controlled and suitably structured environment.
The trustees have been mindful of the guidance issued by the Charities on public benefit.
The Association’s policy on grant making is to support members who seek to improve their flying qualifications in a direction that will offer assistance towards meeting the aims of the Association. Typical of this approach would be the award of grants towards the costs of members training to become flying instructors.
It is acknowledged that sport in the RAF is delivered through the aegis of the Sports Associations and the willing, enthusiastic volunteers who undertake roles on the Executive Committees and in the associations. The delivery of RAF competition would not be possible without officials, all of whom are volunteers. The contribution in these roles is highly valued and much appreciated and recognised as a duty activity in Service policy documents.
RELATIONSHIPS WITH ANY RELATED PARTIES
The RAF Microlight Flying Association is not linked to a wider network but operates with the consent and governance of the Royal Air Force and in accordance with its policies for sport and for safety. Similarly, the Association is not linked to the Civil Aviation Authority or the British Microlight Aircraft Association but operates in accordance with the regulations (UK Law) within the Air Navigation Order (2016 and 2022), together with rules and obligations set out by each of these organisations.
ACHIEVEMENTS AND PERFORMANCE
The Association's policy of maintaining financial reserves to meet its future aircraft maintenance obligations has allowed its aircraft planned maintenance programme to continue. Scheduled maintenance of the aircraft continued throughout the year.
The MoD contract held by the Halton Microlight Club to provide air experience flying for new recruits to the RAF during their initial training at RAF Halton continued and during 2025, 101 air experience flights were carried out. This “not for profit” activity is heavily supported by volunteer work from association members and is priced to cover operating costs.
4
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
ACHIEVEMENTS AND PERFORMANCE (continued)
The Association aims to offset the majority of its standing costs from "fixed" income comprising membership subscriptions, aircraft syndication fees and grants. Although not completely effective, this approach allowed us to keep our aircraft fleet fully serviceable during 2025. A grant from the Nuffield Trust to support the purchase of a replacement aircraft was received in April. The remaining Team Eurostar EV 97 aircraft was sold and the order for the replacement aircraft was placed in the same month. The replacement aircraft, a Sky Ranger Ninja 600 was delivered in November 25. Further, a major refurbishment was also carried out on our C42B aircraft, giving it a new lease of life and more importantly, improved capability.
At RAF Halton, once again poor weather at the beginning of the year disrupted activity and only 6 billable flying hours were carried out in the first 2 months of the year. Notwithstanding, there were 12 students actively engaged in training and during the year 1 student completed their first solo flight. Two students successfully passed their General Skills Tests for the award of a National Private Pilot's Licence (Microlights). In furtherance of the charity’s Public Benefit objectives, 2 students funded by Flying Scholarships for Disabled People completed their courses during the summer in the Association’s C42C aircraft. Sadly, a planned training camp involving crosschannel flying in France had to be abandoned because of poor weather in the UK and France. Notwithstanding the poor weather, 366 flying hours were completed in Association aircraft.
Having only recently being established, RAF Cosford has flown some trainees undertaking their phase 2 training, but with the new aircraft (Nynja) going to RAF Cosford, it is expected 2026 will be far busier.
PERFORMANCE OF FUNDRAISING ACTIVITIES AGAINST OBJECTIVES SET
Fundraising, in the form of grants, membership subscriptions, syndication fees for aircraft pilots and hourly flying fees covered the basic costs of aircraft operation and raised sufficient funds to support the direct operating costs of the aircraft. A worrying trend of cost rises for aircraft spares and consumables continues and charges to members were kept under constant review throughout the year.
TRUSTEES SELECTION METHOD
Chairman appointed by The Air Officer Commanding 22 Group. Other Executive Committee members appointed at AGM.
POLICIES AND PROCEDURES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
All trustees are drawn from within the membership of the Association.
SERIOUS INCIDENTS
There were no serious incidents requiring disclosure.
FINANCIAL REVIEW
The Association started the year in a strong financial position but the poor weather and airfield unserviceability that dogged the final months of 2024 continued until the end of February. At RAF Halton, only 6 hours of billable flying was carried out in the first 2 months of 2025. Things picked up slowly in Mar and Apr but it was not until May that flying rate really picked up.
Throughout the year, air experience flying continued with 101 flights being carried out.
In common with 2024, the year ended on a wet note with little flying being possible in December due to rain and waterlogging of the grass airfield. At the same time, the runway at RAF Cosford was under repair and flying there was not possible. In November 17.5 hours of billable flying were carried out. Notwithstanding this, the Association finished the year in a solid position with a new aircraft delivered, a major refurbishment carried out on our C42B aircraft and other aircraft servicing up to date. At the year-end, there were sufficient reserved maintenance funds to meet the needs of the fleet.
5
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
POLICY FOR HOLDING RESERVES
Free Reserves (before the merger took place) stood at £37,234 at 31st December 2025, as represented by unrestricted net current assets. If unrestricted designated funds are also included, the reserves stood at £80,004. All reserves and assets totalling £421,937 were transferred to Central Fund at the date of the merger.
The Association holds reserves for the purpose of accumulating funds to meet the immediate, medium and longterm maintenance needs of its aircraft. Maintenance requirements develop over time and aircraft usage and they become progressively more onerous. Additionally, the accumulated maintenance reserves contribute to each aircraft’s replacement costs.
At 31st December 2025 (pre merger), the value of the aircraft maintenance reserves stood at £45,262 (£42,770 designated funds and £2,492 restricted funds).
GOING CONCERN
As disclosed earlier within this report, the Trustees of the Association have determined that it is in the best interests of the charity to merge with the Royal Air Force Central Fund. As of the date of transfer the Association will no longer exist as a standalone entity but will operate and deliver its activity within the charitable operating framework of the Royal Air Force Central Fund.
PRINCIPAL RISKS FACING THE CHARITY
The Association's principal source of funding is members’ contributions and grants in aid.
The principal risk facing the Association is the forecast closure of RAF Halton in 2027.
TRUSTEES' RESPONSIBILITIES
The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the Trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
make judgments and estimates that are reasonable and prudent; and
-
prepare financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in existence.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the Association. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Date …………02 Feb 2026……………. Signature………………………………………………………………
PRINT NAME………………AF Vizoso………………………..
6
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOME: Income and Endowments from: Donations and Legacies 3a Charitable Activities 3b Other Trading Activities 3c Investments 3d Other 3e TOTAL EXPENDITURE Expenditure on: Raising Funds 4a Charitable Activities 4b TOTAL NET INCOME/(EXPENDITURE) BEFORE INVESTMENT GAINS/(LOSSES) Net gains/(losses) on investments NET INCOME/(EXPENDITURE) Transfers between funds NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total Funds Brought Forward Transfer of Assets on Merger (note 16) TOTAL FUNDS CARRIED FORWARD |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2025 2024 £ £ £ £ £ 3,146 3,606 85,000 91,752 26,985 10,421 21,779 - 32,200 30,239 - - - - - - - - - - 1,065 - - 1,065 967 14,632 25,385 85,000 125,017 58,191 - - - - - 10,548 25,649 27,698 63,895 46,596 10,548 25,649 27,698 63,895 46,596 4,084 (264) 57,302 61,122 11,595 - - - - - 4,084 (264) 57,302 61,122 11,595 59,730 270 (60,000) - - 63,814 6 (2,698) 61,122 11,595 312,861 42,764 5,190 360,815 349,220 (376,675) (42,770) (2,492) (421,937) - - - - - 360,815 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as discontinuing within this CIO, however post merger, operations will continue under the RAF Central Fund.
The notes on pages 9 to 15 form part of these financial statements.
7
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
BALANCE SHEET
AS AT 31 DECEMBER 2025
| Note Fixed Assets Tangible assets 2 Current Assets Stocks Debtors 6 Cash at bank and in hand 7 Total Current Assets 8 NET CURRENT ASSETS TOTAL ASSETSless current liabilities 9 NET ASSETS Funds of the CIO General Funds Designated Funds Restricted Funds 10 Total Funds Creditors:amounts falling due within one year Creditors:amounts falling due in more than one year |
Unrestricted Designated Restricted 31-Dec-25 31-Dec-24 Funds Funds Funds Total Total £ £ £ £ £ - - - - 285,000 - - - - - - - - - 2,079 - - - - 75,768 - - - - 77,847 - - - - 2,032 - - - - 75,815 - - - - 360,815 - - - - - - - - 360,815 - - - - 312,861 - - - 42,764 - - - - 5,190 - - - - 360,815 |
|---|---|
Signed on behalf of all the trustees
Signature ............................................................ Print Name ………..AF..Vizoso…………………………………… Date of approval ….02 Feb 2026…………………………………
8
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Basis of preparation
The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
As noted under the Reserves and Going Concern sections of the Trustees Report and in Note 16, the CIO has merged with the RAF Central Fund, with an effective date of 1st January 2026. This will mean that the CIO's operations will cease with Royal Air Force Microlight Flying Association CIO, but will continue to operate and deliver its activity within the charitable operating framework of the Royal Air Force Central Fund.
The CIO constitutes a public benefit entity as defined by FRS 102.
Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period
Material prior period errors
No material prior year error have been identified in the reporting period
1. ACCOUNTING POLICIES
Income
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
-
the CIO becomes entitled to the income;
-
it is more likely than not that the trustees will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Offsetting
There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.
Grants and Donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).
Contractual Income and Performance Related Grants
This is only included in the SoFA once the CIO has provided the related goods or services or met the performance related conditions.
Gifts in Kind
Gifts in kind for use by the CIO are included in the SoFA as income from donations when receivable.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the Trustees' annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
Investment Gains and Losses
This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Insurance claims
Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.
9
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1. ACCOUNTING POLICIES (continued)
Income from membership subscriptions
Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the CIO. Subsequently, they are measured at the cash or other consideration expected to be received.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the CIO to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants with Performance Conditions
Where the CIO gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.
Grants Payable without Performance Conditions
Where there are no conditions attaching to the grant that enables the donor CIO to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Deferred income
No material item of deferred income has been included in the accounts.
Provisions for liabilities
A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date.
Fixed Assets
These are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at the value to the CIO on receipt. At present the fixed assets consist solely of five microlight aircraft.
Depreciation Expense
The microlight aircraft are kept in a condition where they do not lose much value year to year so the amount of depreciation is set to reduce their net book value to their insured value.
Depreciation on other tangible fixed assets would be calculated at a rate to write off their cost on a straight line basis over 3 years from the month they are purchased.
| 2. TANGIBLE FIXED ASSETS EQUIPMENT Cost 01-Jan-25 Additions Disposals Transfers btw funds Note 10 Transfer on Merger (note 16) Cost at 31-Dec-25 Depreciation 01-Jan-25 Disposals Transfer on Merger (note 16) Depreciation at 31-Dec-25 Net Book Value 31-Dec-25 Net Book Value 31-Dec-24 |
Unrestricted Designated Restricted TOTAL £ £ £ £ 316,055 - - 316,055 29,441 - 60,000 89,441 (40,000) - - (40,000) 60,000 - (60,000) - (365,496) (365,496) - - - - 31,055 - - 31,055 (5,000) - - (5,000) (26,055) - - (26,055) - - - - - - - - 285,000 - - 285,000 |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2025 : None
31st December 2024 : None
10
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 3. ANALYSIS OF INCOME a) Donations and Legacies Donations and Public Funding Nuffield Grant - Equipment RAF CF Grant - Operating Costs Sponsorship b) Charitable Activities Aircraft Running Income (Rental/Hire/Lease) Coaching/Training/Pers. Contributions Gain on Sale of Kit & Equipment Subscriptions & Syndication Fees Other c) Other Trading Activities d) Investments e) Other Bank Interest Received |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2025 2024 £ £ £ £ £ 3,146 3,606 - 6,752 1,985 - - 60,000 60,000 - - - 25,000 25,000 24,250 - - - - 750 3,146 3,606 85,000 91,752 26,985 - 21,726 - 21,726 19,058 3,456 - - 3,456 3,819 1,500 - - 1,500 - 5,465 53 - 5,518 6,212 - - - - 1,150 10,421 21,779 - 32,200 30,239 - - - - - - - - - - - - - - - - - - - - 1,065 - - 1,065 967 1,065 - - 1,065 967 |
|---|---|
11
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
4. ANALYSIS OF EXPENDITURE
| Unrestricted Designated | Unrestricted Designated | Restricted | TOTAL TOTAL |
|
|---|---|---|---|---|
| Funds Funds |
Funds | 2025 2024 |
||
| £ £ |
£ | £ £ |
||
| a) Raising Funds | ||||
| Fundraising | - - |
- | - - |
|
| - - |
- | - - |
||
| b) Charitable Activities | ||||
| Aircraft Running Costs | 784 25,501 |
10,680 | 36,965 15,686 |
|
| Coaching & Training | 5,259 148 |
260 | 5,667 3,838 |
|
| Grant to Organisations (i) | - - |
2,698 | 2,698 - |
|
| Kit & Equipment | - - |
286 | 286 2,117 |
|
| Operating Costs (analysis below) | 4,146 - |
13,702 | 17,848 25,059 |
|
| New Member Activities (ii) | 359 - |
72 | 431 (104) |
|
| 10,548 25,649 |
27,698 | 63,895 46,596 |
||
| (i) The Grant to Organisations represents an agreed contribution to decommissioning an underground fuel tank. | ||||
| (ii) The negative figure shown against New Member Activities represents an | over-accrual | in the previous financial | ||
| year. | ||||
| Analysis of Operating Costs | ||||
| AGM Costs | TOTAL TOTAL 2025 2024 £ £ 98 53 |
|||
| Independent Examiners Fees | 1,380 1,260 |
|||
| Insurance | 13,136 19,876 |
|||
| IT and Equipment | 247 282 |
|||
| Other Professional Fees | 595 - |
|||
| Printing, Postage and Stationery | 5 7 |
|||
| Subscriptions and Membership | 2,258 2,441 |
|||
| Telephone and Internet | 129 129 |
|||
| Training Camp | - 1,011 |
|||
| 17,848 25,059 |
||||
| 5. DETAILS OF CERTAIN TYPES OF EXPENDITURE Assurance services other than audit or independent examination Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees |
TOTAL TOTAL 2025 2024 £ £ 1,380 1,260 - - - - 1,380 1,260 |
|||
| 6. DEBTORS AND PREPAYMENTS | Unrestricted Designated | Restricted | Total Total |
|
| Prepayments | Funds Funds £ 4,552 - |
Funds £ - |
31-Dec-25 31-Dec-24 £ 4,552 2,079 |
|
| Transfer on Merger (note 16) | (4,552) - |
- | (4,552) - |
|
| - - |
- | - 2,079 |
12
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
| 7. CASH AT BANK AND | IN HAND | Unrestricted | Designated | Restricted | Total | Total | |
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | **31-Dec-25 ** | 31-Dec-24 | |||
| £ | £ | £ | £ | £ | |||
| Cash at bank and in hand | 32,762 | 42,770 | 2,492 | 78,024 | 75,768 | ||
| Transfer on Merger (note 16) | (32,762) | (42,770) | (2,492) | (78,024) | - | ||
| Total | - | - | - | - | 75,768 | ||
| 8. CREDITORS AND |
ACCRUALS: | AMOUNTS | |||||
| FALLING DUE WITHIN | ONE YEAR | Unrestricted | Designated | Restricted | Total | Total | |
| Accrual - Independent Examination | Funds £ - |
Funds £ - |
Funds £ - |
31-Dec-25 £ - |
31-Dec-24 1,260 |
||
| Accruals - other | 80 | - | - | 80 | - | ||
| Creditors | - | - | - | - | 772 | ||
| Transfer on Merger (note 16) | (80) | - | - | (80) | |||
| - | - | - | - | 2,032 | |||
| 9. CREDITORS AND |
ACCRUALS: | AMOUNTS | |||||
| FALLING DUE IN MORE THAN ONE | YEAR | Unrestricted | Designated | Restricted | Total | Total | |
| Accruals | Funds £ - |
Funds £ - |
Funds £ - |
31-Dec-25 £ - |
31-Dec-24 - |
||
| Creditors | - | - | - | - | - | ||
| - | - | - | - | - | |||
| 10. RESTRICTED FUNDS | CURRENT REPORTING PERIOD | ||||||
| RAF Central Fund Grants | Balance 01-Jan-25 £ - |
Income £ 25,000 |
Expenditure £ (25,000) |
Transfers btw funds £ - |
Transfer on Merger £ - |
Balance 31-Dec-25 £ - |
|
| Nuffield Grant | - | 60,000 | - | (60,000) | - | ||
| RAFMFA ELC Grant | 5,190 | - | (2,698) | - | (2,492) | - | |
| 5,190 | 85,000 | (27,698) | (60,000) | (2,492) | - | ||
| PREVIOUS REPORTING PERIOD | |||||||
| RAF Central Fund Grants | Balance 01-Jan-24 £ - |
Income £ 24,250 |
Expenditure £ (24,250) |
Transfers btw funds £ - |
Transfer on Merger £ - |
Balance 31-Dec-24 £ - |
|
| RAFMFA ELC Grant | 5,190 | - | - | - | - | 5,190 | |
| 5,190 | 24,250 | (24,250) | - | - | 5,190 |
Central Fund Grant - to be used for operating costs, kit and equipment, overseas visits and development activities.
ELC - for the provision of flying training. Expenditure that can be allocated against particular aircraft is transferred to the designated funds where the expenditure is shown.
Nuffield Grant - to be used for kit and equipment.
The transfers between funds represent those funds that the donor had restricted for use towards the purchase of new aircraft. The restriction was fulfilled upon purchase, allowing the asset to be transferred to general funds and used for any charitable purpose.
The restricted funds are wholly represented by cash reserves of the CIO.
13
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
11. DESIGNATED FUNDS
CURRENT REPORTING PERIOD
| Aircraft G-HMCA Aircraft G-COSM Aircraft G-HMCE Aircraft G-HMCF Aircraft G-HMCH Aircraft G-CMNG Aircraft G-HMCA Aircraft G-HMCE Aircraft G-HMCF Aircraft G-HMCH Aircraft G-CMNG |
Balance Balance 01-Jan-25 Income Expenditure Transfers Transfer on 31-Dec-25 btw funds Merger £ £ £ £ £ £ 12,277 2,520 (14,445) (352) - - - - (622) 622 - - 12,595 3,307 (2,452) - (13,450) - 8,032 4,169 (1,855) - (10,346) - 3,637 3,025 (1,897) - (4,765) - 6,223 12,364 (4,378) - (14,209) - 42,764 25,385 (25,649) 270 (42,770) - Balance Balance 01-Jan-24 Income Expenditure Transfers Transfer on 31-Dec-24 btw funds Merger £ £ £ £ £ £ - 12,601 815 (1,139) - 12,277 - 11,281 2,642 (1,328) - 12,595 - 7,252 1,777 (997) - 8,032 - 2,255 2,984 (1,602) - 3,637 - 592 9,997 (4,366) - 6,223 - 33,981 18,215 (9,432) - 42,764 PREVIOUS REPORTING PERIOD |
|---|---|
12. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES
One Trustee was paid an amount of £98.18 for catering provision provided to the Association in support of the AGM (2024: None). No other payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them.
13. RISK ASSESSMENT
The trustees actively review the major risks which the CIO faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
14. RESERVES POLICY
The trustees have considered the level of reserves they wish to retain, appropriate to the CIO's needs. This is based on the CIO's size and the level of financial commitments held. The trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily.
15. PUBLIC BENEFIT
The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees report. The trustees confirm that they have paid due regard to the Harity Commission Commission guidance on public benefit before deciding what activities the CIO should undertake.
14
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2025
16. TRANSFER OF ASSETS ON MERGER
RAF Microlight Flying Association merged with RAF Central Fund (charity number 1152560) at midnight between 31st December 2025 and 1st January 2026. On that date the assets and liabilities of RAF Microlight Flying Association were transferred to the RAF Central Fund and its reserves were treated as a donation to the RAF Central Fund. The transactions of RAF Microlight Flying Association since that date have been included in the Statement of Financial Activities of the RAF Central Fund.
The assets transferred were as follows:
| Fixed Assets at net book value Cash at bank and in hand Debtors Creditors TOTAL |
31-Dec-25 £ £ £ £ Unrestricted Designated Restricted TOTAL Fund Fund Fund Funds 339,441 - - 339,441 32,762 42,770 2,492 78,024 4,552 - - 4,552 (80) - - (80) 376,675 42,770 2,492 421,937 |
|---|---|
15
ROYAL AIR FORCE MICROLIGHT FLYING ASSOCIATION
INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
I report to the trustees on my examination of the accounts of Royal Air Force Microlight Flying Association Charitable Incorporated Organisation ("the CIO") for the year ended 31st December 2025.
As the CIO's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Responsibilties and basis of report
I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
-
the accounting records were not kept in accordance with section 130 of the Charities Act; or
-
the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I draw attention to note 16 in the financial statements. As stated in note 16, the Trustees confirm that the Association has merged with RAF Central Fund. All assets and liabilities have now been transferred. Therefore the charity is not a going concern. I have no other concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed:
Name:
Date:
Independent Examiners Ltd The Grain Store, Hills Barns Appledram Lane South Chichester PO20 7EG
16