## **ROYAL AIR FORCE GOLF ASSOCIATION CHARITABLE INCORPORATED ORGANISATION**
## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2025**
**CIO NUMBER 1182978**
Independent Examiners Limited The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG
1
## **ROYAL AIR FORCE GOLF ASSOCIATION**
**----- Start of picture text -----**
CONTENTS
Pages 3 to 7 Trustees Report
Page 8 Independent Examiner's Report on the Accounts
Page 9 Statement of Financial Activities
Page 10 Balance Sheet
Pages 11 to 15 Notes to the Financial Statements
**----- End of picture text -----**
2
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **TRUSTEES REPORT LEGAL AND ADMINISTRATIVE INFORMATION**
**START OF FINANCIAL PERIOD** 1st January 2025 **END OF FINANCIAL PERIOD** 31st December 2025 **LEGAL STATUS** Charitable Incorporated Organisation **GOVERNING INSTRUMENT** CIO Association Constitution **CIO NUMBER** 1182978 **PRESIDENT** Air Marshall Shell **TRUSTEES IN OFFICE DURING THE YEAR TO 31ST DECEMBER 2025** Wg Cdr Ross Clarke Chair
Wg Cdr Ross Clarke Chair Sqn Ldr Paul Mardon Flt Lt Craig Paterson Flt Lt Matt Mulroney FS Cameron Kinvig Till Oct 25 Sgt Samantha Mudd Till Oct 25
Chairman is appointed by AOC 22Gp. Other Executive Committee members are volunteers, approved by the Chair or Deputy Chair and formally ratified by the full committee at the AGM. Trustees are formally appointed at the AGM.
All trustees receive a full, in person, handover by the previous incumbent. A written handover brief is given to the new trustee along with detailed Terms of Reference. The outgoing trustee will often stay in contact with his/her replacement to act as mentor.
## **CORRESPONDENCE ADDRESS**
## **PRIMARY BANKERS**
## **INDEPENDENT EXAMINER**
Room 43, Kermode Hall Royal Air Force Halton Aylesbury Buckinghamshire HP22 5PG Royal Bank of Scotland Holt's Military Banking 200 Fowler Avenue Fowler Business Park Farnborough Hampshire GU14 7JP Independent Examiners Ltd The Grain Store Hills Barns, Appledram Lane South, Chichester, West Sussex, PO20 7EG
## **OBJECTIVES**
The Charity has the powers as defined in the Constitution, which may be exercised only in promoting the Objects.
The objects for which the CIO is established (the “Objects”) are to promote the military efficiency of His Majesty’s Armed Forces in such charitable ways as the Trustees think fit with particular reference to: (a) increasing physical fitness (b) fostering esprit de corps; and (c) raising morale of members of the Royal Air Force; in particular (but not by way of limitation), the Trustees may further the object through encouraging and facilitating the participation in, and provision of or assisting in the provision of facilities for Golf in the Royal Air Force.
3
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **PURPOSES OF CHARITY**
To deliver sporting opportunities through Golf for His Majesty’s Royal Air Force and to build successful teams to win at the highest level thereby promoting RAF ethos and contributing to the recruitment, development, sustainment and retention of our personnel.
## **EXECUTIVE COMMITTEE**
|**Committee Member Name**|**Office**|**Dates acted**|**Appointed by**|
|---|---|---|---|
|Sqn Ldr Graham Ivison|Sponsorship|from Oct 24|Trustees|
|Wg Cdr Jamie Nickless|Men’s Captain|from Oct 24|Trustees|
|Sqn Ldr Steve Hollick|Kit & Equipment||Trustees|
|Chf Tech Craig Bainbridge|Competitions||Trustees|
|Flt Lt Stuart Hardy|Communications||Trustees|
|Sgt Jamie McFee|Finance||Trustees|
## **ACTIVITIES**
- Men’s Representative Team that involves, trg camps, fixtures and playing in the Inter Services.
- ∙ Ladies’ Representative Team that involves, trg camps, fixtures and playing in the Inter Services. ∙ Men’s Development Team that involves, trg camps and fixtures. ∙ Ladies ‘Get Into Golf Days’ to encourage greater participation in golf by RAF Ladies. ∙ Ladies novice coaching day.
- RAF Stroke-Play Championships
- RAF Handicap Championship
- RAF Match Play Championships.
- 3 Pairs Championships.
- ∙ Team Championship. ∙ Inter Station Championship ∙ 4 x Regional Championships ∙ Various fixtures for all RAFGA members. ∙ Subsidise coaching grants to RAFGA members. ∙ End of Season Presentation Evening.
- 3rd Party Liability Insurance for our members when playing golf.
- ∙ Hole In One Insurance
## **PUBLIC BENEFIT**
The trustees have been mindful of the guidance issued by the Charity Commission on public benefit
## **GRANT MAKING**
The underlying principle of the RAFGA is to provide serving and veterans, the opportunity to play golf in a competitive environment at a reduced cost. As such, all revenue generated through membership fees and sponsorship provides an opportunity for us to award grants to each competition we run in order to reduce the cost of entry fees. In addition, a system of subsidising coaching is in operation across the association, starting at the grass roots level of ability and benefiting a wide spectrum of serving men and ladies and members of the RAFGA may receive individual grants to subsidise the cost of professional coaching and regions or teams may receive further grants to subsidise the cost of group coaching.
## **SOCIAL INVESTMENT**
Due to the unique nature of each competition, golf remains one of the few sports where individuals of any ability can compete equally with more skilled players due to the handicapping system. As such, the RAFGA is in a position whereby we can offer the opportunity to expose our personnel, irrespective of ability, to a competitive golfing environment. In addition, the basis of the sport is built upon integrity and a unique sporting etiquette where participants indeed ‘referee’ themselves and as such this helps nurture our people, the skills needed to be the best public servant; whilst improving their mental agility, focus, discipline and physical robustness through the demands of the sport.
## **VOLUNTEERS**
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 competitions 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.
4
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **ACHIEVEMENTS AND PERFORMANCE**
The RAFGA has again increased its current membership levels and therefore, membership income. During the year a total of 12 competitions and 20 fixtures for representative teams were facilitated. This resulted in approximately 2500 rounds of golf being played and 1000 individual opportunities for RAF personnel to participate in sport.
## **ACHIEVEMENTS AGAINST OBJECTIVES**
As the RAFGA aims to provide competitive sport to all abilities at the lowest cost to the individual as possible the delivery of 12 competitions and 20 fixtures resulting in c2500 rounds of golf, the Trustees’ agree that the RAFGA has met its objectives and promoted the effectiveness of the UK 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 an inclusive and safe environment, through the promotion of participation and furthering its proper administration whilst enabling the provision of facilities for golf.
## **FUNDRAISING ACTIVITIES AGAINST OBJECTIVES**
In 2025, the RAFGA has increased its level of membership by nett c100 personnel .
## **INVESTMENTS**
The RAFGA invested £20k of its reserves in Dec 22 as part of its overall Financial Strategy in a low risk investment fund, which was closed for the merger.
## **TRUSTEE SELECTION METHODS**
Chairman appointed by The Air Officer Commanding Number 22 Group.
Other Trustees and Executive Committee members appointed by other Trustees on behalf of the members.
## **INDUCTION AND TRAINING OF TRUSTEES**
All new Trustees are directed to undertake the training provided through the RAF Central Fund.
## **FINANCIAL REVIEW**
The RAF Golf Association remains financially viable to deliver golf across all levels in the RAF, including Veterans. The planned draw down of our excessive reserves over a 5 year period (2021-25) has been extended to 2028. This will enable the Association to maintain an appropriate level of reserves for contingency, whilst transitioning to a more sustainable model which saw an increase in membership fees which occurred in 2024 (£10-£20) and entry fees based on the current levels of sponsorship and RAF Central Fund support.
## **RESERVES**
The RAF Golf Association was holding unacceptably high reserves that totalled c£110k. Following advice, the Trustees have agreed a drawdown plan over 5 years to a level of c£20-30k. This level of reserves equates to funds that would ensure one year of activity can be delivered in case all sponsorship or charitable donation from the RAF Central Fund was to cease.
Between Midnight 31st December 2025 and 1st Jan 2026 the asset and liabilities of RAF Golf Association were transferred to the RAF Central Fund and its reserves were treated as a donation to the RAF Central Fund.
5
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **SOURCES OF FUNDS**
The main sources of funding are:
- Entry Fees – c£60k
- Annual Membership Fees – c£31k
- Sponsorship c£20k
- RAF Central Fund Grant - £42k
## **RISKS**
The principal risks for the Royal Air Force Golf Association are:
- Cost of hiring golf courses increasing beyond current levels (a c25% increase has occurred over the last 2-3 years.
- Significant loss of membership.
- The continued reduction of support from the RAF Central Fund which will see our grant reduce from c£40k to £30k in the next 3 years.
- Loss of sponsorship income.
In addition to the loss of finance the other principal list remains the ability to recruit the correct volunteers to manage the Association
## **RELATIONSHIPS WITH RELATED PARTIES**
The Directorate of RAF Sport for the policy of conducting golf in the RAF.
The UK Armed Forces Golf Association for participation in the UK Armed Forces Inter Services.
The RAF Central Fund as the administrator of the RAFGA current account and available for Charity SME advice.
The RAF Central Fund who provide a grant for the delivery of sport.
The Royal & Ancient Golf Club Ltd as the governing body for the Rules of Golf.
England Golf as the NGB for golf in England
## **SERIOUS INCIDENTS**
No serious incidents occurred.
6
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **TRUSTEES REPORT (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **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.
- Annual Membership Fees – c£31k
- Sponsorship c£20k
- RAF Central Fund Grant - £42k
The remainder of costs are covered by charging our members to partake in events which is c£60k; a loss of any one of our 3 main income streams would mean either a significant increase in event fees for our members or a reduction in the number of events.
## **TRUSTEES RESPONSIBILITIES**
The Charities Act 2011 require the trustees to prepare financial statements for each financial period 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 judgements and estimates that are reasonable and prudent.
- 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 CIO. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the Trustees Trustee.
Print name: P D Mardon – Sec
Date: 25 Mar 26
7
## **INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS**
Report to the trustees of the Royal Air Force Golf Association on the accounts for the year ended 31st December 2025 set out on pages 9 to 15.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- [examine the accounts under section 145 of the Charities Act,]
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- [to state whether particular matters have come to my attention.]
## **BASIS OF INDEPENDENT EXAMINER'S STATEMENT**
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 have no 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 : K Gomes FCIE MAAT
> Date : 27.3.26
Independent Examiners Ltd The Grain Store Hills Barns, Appledram Lane South, Chichester, West Sussex, PO20 7EG
8
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2025**
|**Notes**
**INCOME**
Donations and Legacies
**2(a)**
**2(b)**
Activities
Income from Trading Activities
**2(c)**
**TOTAL INCOME**
**EXPENDITURE**
Expenditure on Charitable Activities
**3(a)**
Expenditure on Raising Funds
**3(b)**
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE) BEFORE**
**INVESTMENTS 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
16
**TOTAL FUNDS CARRIED FORWARD**
Income from Charitable|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2025**
**2024**
£
£
£
**£**
**£**
-
-
42,000
42,000
30,099
87,436
-
-
87,436
75,322
20,750
-
-
20,750
20,000|
|---|---|
||**108,186**
**-**
**42,000**
**150,186**
**125,421**|
||128,753
-
42,000
170,753
130,675
605
-
-
605
548|
||**129,358**
**-**
**42,000**
**171,358**
**131,223**|
||**(21,172)**
-
-
**(21,172)**
**(5,802)**
4,150
-
-
4,150
3,109|
||**(17,022)**
-
-
**(17,022)**
**(2,693)**|
||-
-
-
-
-|
||**(17,022)**
-
-
**(17,022)**
**(2,693)**|
||29,564
30,000
-
59,564
62,257
**(12,542)**
**(30,000)**
**-**
**(42,542)**
-|
||**-**
**-**
**-**
**-**
**59,564**|
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 11 to 15 form part of these financial statements.
9
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **BALANCE SHEET AS AT 31ST DECEMBER 2025**
|**Creditors:**amounts falling due
within one year
**9**
**Notes**
**Fixed Assets**
Tangible assets
**Current Assets**
**6**
Debtors
**7**
Cash at bank and in hand
**8**
Investments
**Total Current Assets**
**NET CURRENT ASSETS**
**TOTAL ASSETS**less current liabilities
**10**
**NET ASSETS**
**Funds of the Charity**
Unrestricted Funds
Designated Funds
Restricted Funds
**Total Funds**
**1**
**Creditors:**amounts falling due in
more than one year|-
-
-
-
14,365
-
-
-
35,551
-
-
-
-
24,285
Unrestricted
Designated
Restricted
**31-Dec-25 31-Dec-24**
Funds
Funds
Funds
**Total**
**Total**
£
£
£
**£**
**£**
-
-
-
-
-|
|---|---|
||**-**
**-**
**-**
**-**
**74,201**|
||-
-
-
-
14,637
-
-
-
-
59,564|
||**-**
**-**
**-**
**-**
**59,564**
-
-
-
-
-|
||-
-
-
-
**59,564**|
||-
-
-
-
29,564
-
-
-
-
30,000
-
-
-
-
-|
||-
-
-
-
**59,564**|
Signed on behalf of the Trustees Trustee. Print name: P D Mardon – Sec Date: 25 Mar 26
10
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **Basis of preparation**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities preparing their accounts in accordance with FRS 102 (effective 1 January 2019) - (Charities SORP (FRS 102)) and the Charities Act 2011.
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 Golf 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.
## **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.
## **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.
11
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **1. ACCOUNTING POLICIES (continued)**
## **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.
## **EXPENDITURE AND LIABILITIES**
## **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.
## **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 £500. They are valued at cost or, if gifted, at the value to the charity on receipt. The CIO currently has no tangible fixed assets.
|**2. ANALYSIS OF INCOME**
**a) Donations and Legacies**
Grants - RAF Central Fund
**b) Charitable Activities**
Entry Fees
Inter Services and Inter Station
Match Fees
Membership Fees
Miscellaneous Income
Personal Contributions
Registration and Syndicate Fees
**c) Other Trading Activities**
Sponsorship|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2025**
**2024**
£
£
£
**£**
**£**
-
-
42,000
42,000
30,099|
|---|---|
||**-**
**-**
**42,000**
**42,000**
**30,099**|
||43,842
-
-
43,842
38,070
1,600
-
-
1,600
-
500
-
-
500
2,282
31,344
-
-
31,344
30,669
50
-
-
50
50
10,100
-
-
10,100
3,750
-
-
-
-
501|
||**87,436**
**-**
**-**
**87,436**
**75,322**|
||20,750
-
-
20,750
20,000|
||**20,750**
**-**
**-**
**20,750**
**20,000**|
12
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
|**3. ANALYSIS OF EXPENDITURE**
**a) Charitable Activities**
Champs/Inter Service Costs
Combined Services
Entrance Fees
Go Cardless Fees
Governance: Independent Examination
Inter Region/Inter Station Costs
Kit & Equipment
Operating Costs:
IT costs
Awards, Medals and Trophies
Annual Dinner
Coaching / Training
Hire Costs
Insurance
Membership and Subscription Fees
Nutrition
Officials
Marketing, Postage and Miscellaneous
Refreshments for Fixtures
Sponsors Entertainment
Training Camps
Travel and Accommodation
**b) Expenditure on Raising Funds**
Investment Management Costs|Unrestricted
Designated
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
Funds
**2025**
**2024**
£
£
£
**£**
**£**
3,045
-
-
3,045
3,797
216
-
-
216
15
1,050
-
-
1,050
2,254
1,108
-
-
1,108
1,101
226
-
1,118
1,344
1,200
-
-
-
-
1,455
1,065
-
20,787
21,852
7,357
2,220
-
-
2,220
-
6,125
-
-
6,125
3,390
5,234
-
-
5,234
-
5,435
-
420
5,855
1,721
33,629
-
19,675
53,304
39,028
2,822
-
-
2,822
2,736
300
-
-
300
380
449
-
-
449
387
1,470
-
-
1,470
6,427
1,340
-
-
1,340
807
38,373
-
-
38,373
27,681
444
-
-
444
8,298
18,652
-
-
18,652
7,952
5,550
-
-
5,550
14,689|
|---|---|
||**128,753**
**-**
**42,000**
**170,753**
**130,675**|
||605
-
-
605
548|
||**605**
**-**
**-**
**605**
**548**|
## **4. RESTRICTED FUNDS**
## CURRENT YEAR
|RAF CF Grant
RAF CF Grant|Balance
Fund
Transfer btw
**Balance**
01-Jan-25
Transfers
Income
Expenditure
Funds
**31-Dec-25**
**£**
**£**
**£**
**£**
**£**
**£**
-
-
42,000
(42,000)
-
-|
|---|---|
||**-**
**-**
**42,000**
**42,000**
**-**
**-**
**-**|
||Balance
Fund
Transfer btw
**Balance**
01-Jan-24
Transfers
Income
Expenditure
Funds
**31-Dec-24**
£
**£**
**£**
**£**
**£**
**£**
-
-
30,099
(30,099)
-
-
PRIOR YEAR|
||**-**
**-**
**30,099**
**30,099**
**-**
**-**
**-**|
Central Fund Grant - to be used for operating costs, kit and equipment, overseas visits and development activities.
13
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **5. DESIGNATED FUNDS**
|Contingency Reserves
(previously named Sponsorship)
Transfer on Merger (Note 16)
Contingency Reserves
(previously named Sponsorship)
**6. DEBTORS AND PREPAYMENTS**
Prepayments
Transfer on Merger (Note 16)
**7. CASH AT BANK AND IN HAND**
Current Account
Transfer on Merger (Note 16)|Balance
01-Jan-25
**£**
30,000
-|Transfer btw
**Balance**
Transfers
Income
Expenditure
Funds
**31-Dec-25**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
30,000
-
-
-
-
(30,000)
CURRENT YEAR|
|---|---|---|
||**30,000**|-
**-**
**-**
**-**
**-**|
||Balance
01-Jan-24
£
24,111|Transfer btw
**Balance**
Transfers
Income
Expenditure
Funds
**31-Dec-24**
**£**
**£**
**£**
**£**
**£**
-
-
-
5,889
30,000
PRIOR YEAR|
||**24,111**|-
**-**
**-**
**5,889**
**30,000**|
|||Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**31-Dec-25 31-Dec-24**
**£**
**£**
**£**
**£**
**£**
4,599
-
-
4,599
14,365
(4,599)
-
-
(4,599)
-|
|||**-**
**-**
**-**
**-**
**14,365**|
|||Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**31-Dec-25 31-Dec-24**
**£**
**£**
**£**
**£**
**£**
7,942
30,000
-
37,942
35,551
(7,942)
(30,000)
-
(37,942)
-|
|||**-**
**-**
**-**
**-**
**35,551**|
## **8. INVESTMENTS**
|Carrying (fair) value at beginning of period
Add: additions to investments during period
Less: disposals at carrying value
Less: arrangement and adviser fees
Add/(deduct): net gain/(loss) on revaluation
Carrying (fair) value at end of year|Unrestricted
Designated
Restricted
**Total**
Fund
Fund
Fund
**31-Dec-25**
£
£
£
£
24,285
-
-
**24,285**
-
-
-
**-**
(27,830)
-
-
**(27,830)**
(605)
-
-
**(605)**
4,150
-
-
**4,150**
Cash or cash equivalents|
|---|---|
||-
-
-
-|
The investment was closed on 17 December 2025.
14
## **ROYAL AIR FORCE GOLF ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2025**
## **9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Creditors
Accrual - Independent Examination
Accrual - Other
Deferred Income|Unrestricted
Designated
Restricted
**Total**
**Total**
Fund
Fund
Fund
**31-Dec-25 31-Dec-24**
**£**
**£**
**£**
**£**
**£**
-
-
-
-
9,500
-
-
-
-
1,200
-
-
-
-
187
-
-
-
-
3,750|
|---|---|
||-
-
-
-
14,637|
## **10. CREDITORS : AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
There are no Creditors falling due in more than one year held by the Royal Air Force Golf Association (2024: £Nil).
## **11. STAFF COSTS AND NUMBERS**
There are no staff paid by the Royal Air Force Golf Association (2024: £Nil).
## **12. TRUSTEES AND OTHER RELATED PARTIES**
Four Trustees were reimbursed a total of £3,157.53(2024: £2,455.89) for charitable expenditure they paid personally. Two Trustee were reimbursed £310 for coaching fees, this was on the same terms and amounts as the reimbursements for coaching fees paid to 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 CIO 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 Reserves Policy is described in the Trustees' Report.
## **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 Charity Commission guidance on public benefit before deciding what activities the CIO should undertake.
## **16.TRANSFER OF ASSETS ON MERGER**
RAF Golf Association merged with RAF Central Fund (charity number 1152560) at midnight between 31 December 2025 and 1st January 2026. On that date the assets and liabilities of RAF Golf 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 Golf Association since that date have been included in the Statement of Financial Activities of the RAF Central Fund.
|Debtors
Creditors
Total
Fixed Assets at net book value
Cash at bank and in hand
The assets transferred were as follows:|Unrestricted
Restricted
**31-Dec-25**
Funds
Funds
**Total**
£
£
**£**
-
-
-
37,942
-
37,942
4,599
-
4,599
-
-
-|
|---|---|
||42,542
-
42,542|
15