ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION ANNUAL REPORT AND FENANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITABLE INCORPORATED ORGANISATION CIO NUMBER 1182782 Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester West Sussex P020 7EG
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION CONTENTS Pages 3 to 7 Report of the Trustees Page 8 Statement of Financial Activities Page 9 Balance Sheet Pages 10 to 15 Notes to the Financlal Statements Page 16 Independent Examiners Report to the Trustees.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 LEGAL AND ADMINISTRATIVE INFORMATION CIO NUMBER 1182782 START OF FINANCIAL YEAR l January 2025 END OF FINANCIAL YEAR 31 December 2025 TRUSTEES IN OFFICE DURING THE L Power FINANCIAL YEAR TO 31ST DECEMBER G M Mooney 2025 J P McGowan Chair Deputy Chair Secretary AOC 22 Gp appoints the Chair who is automatically a Trustee. other Tru5tee5 and Committee Member5 volunteer and are voted upon at the AGM. CORRESPONDENCE ADDRESS RAF Sports Parachute Association Room 43, Kermode Hall RAF Halton Aylesbury Buckinghamshire HP22 SPG GOVERNING DOCUMENT CIO Association registered 3rd April 2019 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 P020 7EG OBJECTS The object of the CIO is to promote military efficiency of His Majesty's Armed Forces In such charitable ways as the trustees think fit with particular reference to.. lal increasing physical fitness,. {bl fostering esprit de corps,. {c) raising morale of members of the Royal Air Force.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2025 EXECUTIVE COMmfEE Committee member name Nathan Ellis Patrick McHugh John Marshall Enrico Ventola Matthew Stevens Thoma5 Gilling5-Rice Dylan Bartle Office (if any) Treasurer Competitions Member Events Member Overseas & Camps Member Dates acted if not for whole year BS Chief Instructor From May 2025 ORGANISATIONAL STRUCTURE The CIO currently operates under the broader operation of the Directorate of RAF Sports. The Committee Structure is constructed of full registered members. GOVERNING DOCUMENT CIO Association AGM 27 Jan 22. RAF Sports Parachute A550Ciation 2019, ratified for continued use during operating year at MAIN ACTIVITIES The RAF Sports Parachute Association IRAFSPAI delivers a comprehensive annual programme designed to promote partlClP3tion, skill development, and competitive excellence. Core events Include the Inter-services Championships at the Army Parachute Association and the UK National Championships, organised by British Skydlving IBS). These Formatlon Skydiving IFS) competitions feature multiple levels Rookie for development teams and A and AA for advanced lumpers ensurlng opportunitles for progression across all sklll sets. To achieve competition standards, RAFSPA teams participate in the UK Skydiving League IUKSLI at venues nationwide, culminating in recognition for the highest average scores at the BS Annual General Meeting. eyond FS, RAFSPA has expanded into additional di5cipline5 such as Accuracy and Freefly, achieving representation at national level. Notably, RAFSPA athletes have been selected by BS to represent Great Britain in the prestigious European Skydiving League, and for the first time, an RAFSPA member competed internationally in Canopy Piloting. RAFSPA also engages in a full Season of fixtures against top-tier civilian teams in the UKSL. These competitions provide invaluable preparation for Inter-Service5 events while strengthening community relations and enhancing the RAF'S profile at UK drop zones. RAF branding and sports attire ensure visibility and reinforce the RAF Identity. In addition to competitions, RAFSPA hosts annual wind tunnel camps, open to all RAF skydiving enthusiast5. These camps include a "scrambles" event-teams drawn at random fostering inclusivity and identifying future development talent. Of three planned camps, two have already been successfully delivered. RAFSPA further advanced its Home for Sport (Hfs) initiative through three proof-of-concept events at RAF Weston-on-the-Green. Conducted in partnership with Oxford Gliding Club, these events demonstrated the ability to maintain a safe operating environment for both organisations. They enabled member training and facilitated fundraising tandem jumps for the RAFA charity, establishing a blueprint for expanded activity In 2026. Finally, while the Association continues to plan for an annual overseas training camp, limited organisational capacity nece551tated postponement until 2026 to prioritise the 5ucce55ful rollout of the HE concept. PUBLIC BENEFIT The trustees have been mindful of the guidance issued by the Charities on public benefit. Willing and enthusiastic RAFSPA members volunteer to undertake roles within the association. The contribution to these roles Is highly valued and much appreciated and Is recognised as a duty.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 POLICY ON GRANT MAKING The Association does not currently award grants but Is exploring this option in partnership with its primary supporter, the RAF Central Fund. At present, a reimbursement model Is in place,. the proposed change aims to simplify processes and make support for new member engagement and competition participation more acce55ible. POLICY ON SOCIAL INVESTMENT Resources are directed toward delivering core charitable objectives, including member training, competition participation, and progression initiatives. The Association will continually review opportunitie5 for social investment in line with its strategic priorities and governance framework. VOLUNTEERS It is acknowledged that 5POrt in the RAF 15 delivered through the aegi5 of the Sports A550ciations and the willing, enthusiastic volunteers who undertake roles on the Executive Committees and in the association5. 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. Volunteers form a huge part of RAFSPA, and the committee Is operated purely by a small group of dedicated volunteers. If not for these people, the Assoclatlon would not function. ACHIEVEMENTS AND PERFORMANCE RAFSPA delivered a highly successfLJI season, competing at the Amied Forces Parachute Championships (Interservicesl, the British Skydiving Nationals, the European Cup, and the World Cup, showcasing the Association's commitment to excellence and growth. International Representation Sqn Ldr Liam Power represented Team GB at the prestigious Canopy Piloting Championship, reinforcing RAFSPA'S presence on the global stage. Interservice and National results: One RAFSPA service member participated In the AFPC, demonstrating commitment and competitive spirit, although they did not secLJre a podium position. Another member competed at the Wing Suit Nationals, showcasing determination and skill, despite not achieving a podium finish. Progresslon and Training: To enhance safety and performance, RAFSPA delivered a 5trurtured progression programme.. Progression Events at Skydlve Langar and APA Netheravon focused on canopy safety and skill development.. Skydive Langar 11-5 May).. 12 members attended for subsidised jumps for training and Formation Skydiving competition opportunities. APA Netheravon124-25 May).. 5 members attended, aligned with an organised coaching event. Skydive Langar 130 Aug-7 Sepl.. 8 members attended, coinciding with "Langar Boogie 2- for advanced training and competition opportunities. Flight-l Coaching.. External experts provided advanced canopy flight training, significantly improving safety and performance. Four members directly benefited, and Injuries from poor landings were virtually eliminated.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 Impact on Morale and Wellbein9 Participatlon competitions has strengthened membe, mental resllience, morale, and retention skills that translate effectively to operational environments. Progression and Growth Initiatives Home for Sport (Hfs) Concept.. RAFSPA launched Hfs weekends at RAF Weston-on-the-Green, enabling charitable fundraising through tandem jumps for RAFA. Plans are in place to merge with the RAF Central Fund in 2026 for enhanced fundraising capability. Instructor Development.. One member qualified as an Accelerated Freefall (AFFI Instructor, joining the instructor cadre to support grassroots training. Wing Suit Development.. Four members attended Wing Suit Tunnel Training in Stockholm, advancing RAFSPA'S ambition to establish a competitive team in this discipline. Wind Tunnel Rumble.. Three separate vertical wind tunnel training sessions and competitions involving all levels of Membe were held for member at IFLY Basingstoke. NEW MEMBER ENGAGEMENT One new member achieved a British Skydiving A Licence with RAFSPA support. Hfs weekends attracted new RAF skydivers and reinforced retention through targeted engagement with JSAT courses, ensuring grassroots parachutists remain active under the sporting banner. PERFORMANCE OF FUNDRAISING ACTEVITIES AGAINST OBJECTIVES SET RAFSPA hosted a tandem jump weekend at RAF Weston-on-the-Green In support of RAFA. While this event did not directly generate funds for the Association, it strengthened relationships with charitable partners and laid the groundwork for future fundraising initiative5 planned for 2026 following the anticipated merger with the RAF Central Fund RELATIONSHIP WITH ANY RELATED PARTIES RAFSPA continue to take the lead on running the Bi-Annual Non-combat Parachute Working Group and introduction of the MAA RA1700 series. This ensures a common safety position Is held pan defence for sports parachuting. SERIOUS INCIDENT REPORTING No serious incidents occurred. FINANCIAL REVIEW The charity remalns In a strong flnancial posltion at the close of the 2025 calendar year. The RAF Central Funding IRAFCFI grant for the year has continued to support our investment in enabling members to participate in sport and develop physical and mental resilience. We have Secured a Similar grant from RAFCF for 2026, maintain healthy private funds, and have actively planned to achieve our objectives for the year. RESERVES POLICY Reserves are maintained to supplement funding provided by the RAF Central Fund IRAFCFI and to ensure the charity can finance charitable activities that fall outside the scope of grant policy. They also provide a financial safeguard, enabling the charity to continue operating for a period should RAFCF funding cease, while alternative sources of Income are Identified. RESERVES HELD Investments.. £27,324.73 Cash reserves.. £23,092.35 Total.. £50,417.08 as repSented by net current assets on the balance sheet (pre Merger). All reserves and fixed asset5 totalling £79,895.35 were transferred to Central Fund at the date of the merger.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 31 DECEMBER 2025 GOING CONCERN There are no uncertainties about the charity continuing as a going concern. As disclosed e3dier within this report, the Trustees of the Association have determined that it Is in the best interests of the charity to merge wlth 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 dellver its activity wlthin the charitable operating framework of the Royal Air Force Central Fund. INVESTMENT POLICY AND OBJECTEVES We invest in our people by making the sport of Skydiving more accessible for Servi members, giving them a way to develop themselves and improve mental and physical fitness through sport. PRINCIPAL SOURCES OF FUNDS Primary source5 of funds are Central Fund grants. PRENCEPAL RESKS FACING THE CHARITY There are no expected financial risks currently facing the charity. TRUSTEE SELECTION AND TRAINING AQC 22 Gp appoints the Chairman who is automatically a Trustee. other trustees and executive committee members volunteer and are voted upon at the AGM. Each new charity trustee, on or before his or her first appointment, will receive.. lal a copy of the constitution and any amendment5 made to it; and Ibl a copy of the CIO'S latest tru5tee5' annual report and statement of accounts. In addition, they will liaise with RAF Sport5 Federation in order to receive specialist guidance in the condurt of a ch3rity trustee. Trustees. Responsibilities The Charities Act 2011 requires the Trustees to prepare financial statements for each financial year which give 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 consistentlyi make judgments and estimates that are reasonable and prudent. and prepare financial statement5 on the going concern basis unle55 It is inappropriate to presume that the CIO will continue in existence. The trustees are responsible for keeplng proper accounting records, whlch disclose wlth reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable step5 for the prevention and detection of fraud and other irregularities. Signed and dated on behalf of all the trustees by: Liam Power Digitally signed by Liam Power Date: 2026.07.09 08:41:35 +01,00,
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 Unrestricted Restricted Funds Funds TOTAL 2025 TOTAL 2024 Notes INCOME Income from: ?nd Endowments Donations and Legacie5 19,770 19,770 15,215 Charitable Activities 4b 1,770 1,770 5,725 other Trading Activities 4c Investment5 4d 802 802 709 other 4e TOTAL EXPENDITURE Expenditure on: Raising Funds Sa Charitable Activities 5b 5,828 19,770 25,598 21,043 Other TOTAL NET INCOME/{EXPENDITURE) BEFORE INVESTMENT fjAINS/(LOSSES) 606 Net gain51110ssesl on investments 2,883 2,883 688 NET INCOME/{EXPENDITURE) 373 373 Transfers between funds NET MOVEMENT IN FUNDS 373 373 RECONCILIATION OF FUNDS: Total Funds Brought Forward 80,268 80,268 78,974 Transfer of Assets on Merger (note 141 179,8951 179,8951 TOTAL FUNDS CARRIED FORWARD Movements on all reserve5 and all recognised gains and 1055e5 are Shown above. All of the organisatlOn'S operations are classed as discontinuing within this CIO, however post merger, operations will continue under the RAF Central Fund. The notes on pages 10 to 15 fom) part of these financial statements.
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION BALANCE SHEET AS AT 31 DECEMBER 2025 Unre5trirted Restricted 31-Dec-25 31-Dec-24 Funds Funds Total Total Note Fixed Assets Tangible assets 35,306 Current Assets Investment assets 23,639 Debtors 2,098 Cash at bank and in hand 24,027 Total Current Assets Creditors: amounts falling due within one vear 4,802 NET CURRENT ASSETS 44,962 TOTAL ASSETS less current liabilities 80,268 Creditors: amounts falling due in more than one year NET ASSETS 80.268 Fund$ of the CIO Unrestricted Funds.. General Fund Depreciation Fund 44,962 35,306 Restricted Funds Total Funds Signed and dated on behalf of all the trustees by: Liam Digitally signed by Liam Power Date: 2026.07.09 Power 08:41.59+01'00'
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Basis of preparation The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charibes.. 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 IFRS 1021 (effective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Iland, and the Charlties Act 2011. The financlal statements have been ppared under the historlcal cost convention. As noted under the Reserves and Going Concern sections of the Trustees Report and in Note 14, 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 Sport5 Parachute A550Clation 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 publSc beneflt entity as defined by FRS 102. The Tru5tee5 confirm, in accordance with the Charitable Incorporated Organi5ations (Generall Regulation5 2012, that at the year end the CIO did not have any outstanding guarantee5 to third partie5 nor any debts secured on assets of the CIO. Changes to accountlng estlmates No changes to accounting estimates have occurred in the reporting period Material prior period errors No material prior year errors have been identified In the reporting period. I. ACCOUNTING POLICIES Income Recognition of Income These are Included in the Statement of Financial Activities ISOFAI when.. the CIO become5 entitled to the income,. it is more likely than not that the tru5tee5 will receive the re50urces,' and the monetary value can be measured with sufficient reliabillty. Offsettlng 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 met15. 10 to 5. 12 FRS 102 SORPI. Contractual Income and Performance Related Grants This is only Included in the SOFA once the CIO has provided the related goods or servlces 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 15 not included in the accounts but is described in the Trustees, annual report. Income from interesL 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 galn or loss on the sale of investments and any galn or loss resulting from revaluing investments to market value at the end of the year. io
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2025 Insurance claims Insurance claims a only included In the SOFA when the general Income recognition crSterla are met 15.10 to 5.12 FRS 102 SORPI and are included as an item of other income in the SOFA. Income from membership subscriptions Membership subscriptions which gives a member the rlght to buy servlces or other benefits a 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 conslderation expected to be received. Liability Recognition Liabilities are recognised where it 15 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 CLO 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 ha5 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 15 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. Depreciation Expense Depreciation on tangible fixed assets Is calculated at a rate to write off their cost on a straight line basis over 10 years from the month they are purchased. 2. TANGIBLE FIXED ASSETS Unrestrirted Restricted TOTAL EQUIPMENT C05t at Transfer on Merger (note 141 Cost at 01-Jan-25 220,779 220 779 220,779 220 779 31-Dec-25 Depreciation at Charge Transfer on Merger (note L41 Depreciation at 01-Jan-25 185,473 5,828 191 301 185,473 5,828 191 301 31-Dec-25 Net Book Value Net Book Value 31-Dec-25 3L-Dec-24 The annual commitments under non-cancelling operating leases and capital commitments are as follow5.. 315t December 2025.. None 31st December 2024 .' None
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2025 3. INVESTMENTS 2025 Brought forward 01-Jan-25 Dividends received and accrued Revaluation Valuation 31-Dec-25 23,639 802 Transfer on Merger 127,3251 4. ANALYSIS OF INCOME Unrestrirted Restricted Funds Fund5 TOTAL 2025 TOTAL 2024 a) Donations and Legacies RAF CF Grant- Operating Costs 19,770 19,770 15,215 b) Charltable Actlvltles Membership Sub5cription5 other Charitable Activlties Personal Contributions 1,425 1,425 725 5,000 345 345 c) Other Trading Activities other Trading Artivities d) Investments Dividends 802 802 709 e) Other Other Income 12
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2025 5. ANALYSES OF EXPENDITURE Unrestrirted Restricted Funds Fund5 TOTAL 2025 TOTAL 2024 a) Raising Funds Fundraising Expenditure b) Charitable Activities Kit & Equipment Combined Services New Member Engagement Operating C05ts - Fees & Insurance Maintenance Depreciation Training, Coaching and Course Fees OVeeaS Visit Hire Costs 457 457 235 1,215 540 1,935 1,981 190 1,981 190 5,828 7,744 6,225 3,173 5,82B 5,828 2,273 7,945 1,072 7,744 6,225 3,L73 c) Other Other Expenditure 5(a). DETAILS OF CERTAIN TYPES OF EXPENDITURE TOTAL 2025 TOTAL 2024 Independent examiner'5 fees included in Operating Costs Assurance services other than audit or independent examination Tax advisory fees Other fees (for example.. financial advice, consultancy, accountancy services) paid to the Independent examiner 1,260 1,140 6. DEBTORS AND PREPAYMENTS Unre5trirted Restricted Fund Fund Total Total 31-Dec-25 31-Dec-24 Prepayments 2,098 13
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2025 7. CASH AT BANK AND IN HAND Unrestricted Restricted Fund Fund Total Total 31-Dec-2S 31-Dec-24 Cash at bank and in hand Transfer on Merger (note 141 23,092 123,0921 23,092 123,0921 24,027 Total 8. CREDITORS AND ACCRUALS.. AMOUNTS FALLING DUE WITHIN ONE YEAR Unrestrirted Restricted Fund Fund Total Total 31-Dec-25 31-Dec-24 Accrual Independent Examination Grant to be returned 1,140 3,662 9. RESTRICTED FUNDS CURRENT REPORTING PERIOD Balance 01-Jan-25 Balance 31-Dec-25 Income Expenditure Transfers RAF Central Fund Grants 19,770 119,7701 PREVLOUS REPORTING PERIOD Balance 01-Jan-24 Balance 31-Dec-24 Income Expenditure Transfers RAF Central Fund Grants 15,215 115,2151 Central Fund Grant - to be used for operating costs, kit and equipment, overseas visits and development rtlvities. 10. TRANSACTIONS WITH TRUSTEES AND OTHER RELATED PARTIES In 2025, two trustees were reimbursed a total of £483 for jump fees. All reimbursements were made on the same terms as other non-trustee members. 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. 11. 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 basls 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 5yStem5 to mitigate the significant risks. 14
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (contlnued) FOR THE YEAR ENDED 31 DECEMBER 2025 12. RESERVES POLICY The trustees have consldered the level of reserves they wish to retaln, appropriate to the CIO'S needs. Thls Is based on the CIO'S size and the level of flnancial commltments held. The trustees aim to ensure the CIO will be able to continue to fulfil its charitable objectives even if there is a temporary shortrall in income or unexpected expenditure. The tru5tee5 will endeavour not to Set aside fund5 unnecessarily. 13. PUBLIC BENEFIT The CIO acknowledges its reqU1ment 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 tru5tee5 confirm that they have paid due regard to the CIO Commission guidance on public benefit before deciding what activities the CIO should undertake. 14. TRANSFER OF ASSETS ON MERGER RAF Sports Parachute Association merged with RAF Central Fund (charity number 11525601 at midnight between 31st December 2025 and 1st January 2026. On that date the assets and liabilities of RAF Sports Parachute A550ciation were transferred to the RAF Central Fund and its reserves were treated as a donation to the RAF Central Fund. The tran5artion5 Qf RAF Sports Parachute A550ciation Since that date have been included in the Statement of Financial Artivities of the RAF Central Fund. The assets transferred were as follows.. 31-Dec-25 Unrestrlcted Deslgnated Restrlcted Fund Fund Fund TOTAL Funds Tangible Fixed Assets at net book value Fixed Asset Investments Cash at bank and in hand Debtors Creditors TOTAL 29,478 27,325 23,092 29,478 27,325 23,092 15
ROYAL AIR FORCE SPORTS PARACHUTE ASSOCIATION INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS report to the trustees on my examination of the accounts of the Royal Air Force Sport5 Parachute A550Ciation Charitable Incorporated Organisation I'the CIO") for the year ended 315t December 2025. A5 the CIO'5 tru5tee5, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1.the Act"). Responslbllltles and basls 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 Oirections given by the Charity Commis510n under section 14515llbl of the Act. Independent examiner's ststement I have completed my examination. I confinn that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respert.. the accounting records were not kept In accordance with section 130 of the Charities Att,. or the accounts did not accord with the accounting records,. or the accounts did not comply with the applicable reouirements concerning the form and content of ccounts set out in the Charitie5 {Account5 and Reports) Regulatlons 2008 other than any requirement that the accounts give a 'true and fairf view which 15 not a matter considered as part of an independent examination. I draw attention to note 14 in the financial statement5. As stated in note 14, 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 understandlng of the accounts to be reached. Signed Name J Irvinesmith FCIE 10 July 2026 Date Independent Examiners Ltd The Grain Store, Hi115 Barn5, Appledram Lane South, Chichester West Sussex P020 7EG Is