ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
CHARITABLE INCORPORATED ORGANISATION CIO NUMBER 1197189
Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham Chichester PO18 8NF
ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
CONTENTS Pages 3 to 7 Trustees Report Page 8 Independent Examiners Report to the Trustees Page 9 Statement of Financial Activities Page 10 Balance Sheet Pages 11 to 15 Notes to the Financial Statements
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
TRUSTEES' REPORT
LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY REGISTRATION NUMBER 1197189 START OF FINANCIAL PERIOD 1st January 2023 END OF FINANCIAL PERIOD 31st December 2023 LEGAL STATUS Charitable Incorporated Organisation
GOVERNING INSTRUMENT
TRUSTEES THAT SERVED DURING THE YEAR TO 31ST DECEMBER 2023
TRUSTEES APPOINTED AFTER THE BALANCE SHEET DATE
CIO Association registered 21st December 2021
Peter McCreedy Chair of Association & Trustees to 1 July 24 David Tait Association President to 18 Nov 23 Emily Flynn Association President from 18 Nov 23 Sarah Brewin Board Member Mandy Singleton Vice Chairperson Nick Kurth Mark Hill Chair of Association & Trustees from 1 July 24
The Chair and Association President are appointed by AOC 22 Gp. Other trustees are elected at the AGM.
CORRESPONDENCE ADDRESS
PRIMARY BANKERS
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 EXAMINER J Irvine-Smith FCIE Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
OBJECTS
The objects for which the Charity 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 an inclusive and safe environment, through the promotion of participation and furthering its proper administration whilst enabling the provision of facilities for Mountaineering and Climbing.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
TRUSTEES' REPORT(Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2023
CONSTITUTION
The charity is constituted as an Association Model Charitable Incorporated Organisation that includes voting members other than the charity trustees.
TRUSTEE SELECTION METHODS
The Association constitution makes provision for six trustees: two Ex-Officio trustees (the Chair and the President) and four Elected trustees. The Royal Air Force, specifically Air Officer Commanding Number 22 Group, is the appointing body of the Chair of the Trustees, who is also appointed as the Chair of the Association. Air Officer Commanding Number 22 Group appoints the President, who is an Ex-Officio trustee by appointment. The Elected trustees are selected by the Board of Trustee and then presented to the Associations membership for appointment at the Annual General Meeting.
INDUCTION AND TRAINING OF TRUSTEES
CC3 is provided for all trustees and Sports Federation provide all Trustee training. Subject to the Charity (and the Trustees and the officers of the Charity) acting in accordance with, where necessary upholding and being subject to Service policy and instructions, Service or Defence rules and regulations, and the rules and regulations of the National Governing Body (NGB) (or anybody to which the NGB is affiliated) as amended from time to time. Provided that such rules, instructions, regulations, and rules are not inconsistent with the constitution or the Charities legal requirements at the time including those under law.
ORGANISATIONAL STRUCTURE
The charity operates with a Board of Trustees who provide strategic oversight and stewardship of the Association; an Executive Committee who conduct the day to day running of the Association supported by a wider Committee structure. The Charity sits within a wider group of Royal Air Force Sports Associations who are governed by the Directorate of Royal Air Force Sport (DRS). Day to day administration, support and governance of the sports associations is delegated by DRS to the RAF Sports Federation.
EXECUTIVE COMMITTEE
| Committee member name Peter McCreedy Mandy Singleton Richard Isbister Daniel Newton Steve Riley Christopher Fawcett Robin Stedman Ian Richardson Stephen Day Richard Isbister |
Office (if any) Chairperson Vice Chairperson Vice Chairperson Head of Finance/Treasurer Head of Operations Head of Operations Head of Safety Head of Safety Head of Communications Secretary |
Dates acted if not for whole year |
|---|---|---|
1 Jan – 16 Mar 23 17 Mar – 31 Dec 23 1 Jan – 23 Apr 23 24 Apr – 31 Dec 23 1 Jan – 31 Jan 23 1 Feb – 31 Dec 23 |
OBJECTIVES
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:
(1) Supporting and fostering physical and mental health, well-being and resilience, and raising morale.
(2) Providing training and development opportunities for members of the CIO that foster the military ethos.
(3) Encouraging and enabling expeditions, and other such activity, as a vehicle for fostering esprit de corps, the spirit of adventure, mountain craft, leadership and followership, and self-reliance.
•
MAIN ACTIVITIES
Encourage Mountaineering in the RAF
Supporting and fostering physical and mental health, well-being and resilience, and raising morale. Providing training and development opportunities for members of the charity that foster the military ethos. Encouraging and enabling expeditions, and other such activity, as a vehicle for fostering esprit de corps, the spirit of adventure, mountain craft, leadership and followership, and self-reliance. Providing an inducement to physical fitness and contributing to military effectiveness by developing personal qualities in leadership, courage, initiative, resilience and esprit de corps.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
TRUSTEES' REPORT(Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
Run expeditions and meets in the UK and overseas
Developing excellence, robustness, physical fitness. Selection for expeditions (in particular those in the Greater Ranges) requires the development of significant logbook experience (provided by the meets programme) and running expeditions requires significant leadership and organisational skills, The successful execution of these expeditions, further contributes towards International Defence Engagement, while representing the UK and RAF on the international stage. All contributing to the RAF core values and offers incentives to remain in the Royal Air Force. These are opportunities that would not be readily available elsewhere.
Encouraging participation in the JSAT Scheme
Ensuring that the RAF, and RAFMA, has a sufficient number of personnel who can run Adventurous Training (AT) provides assurance that personnel have the training required to operate safely in the mountains in line with the RAF’s and RAFMA’s agreed safety management system. It allows wider participation in mountaineering both in RAFMA and at unit level thereby providing greater opportunity to conduct mountaineering. In turn, this supports the ethos and values of the RAF and increases the individual’s ability to withstand the rigours of operational deployments.
Run and Manage the RAF Sports Climbing Team
Develops teamwork, strength, resilience, esprit de corps and excellence. Providing personnel the opportunity to excel through coaching and competitive events with a view to performance at single service and Joint service representative level. Hosting the RAF Climbing Champs to broaden demographic and identify future talent.
PUBLIC BENEFIT
The trustees have been mindful of the guidance issued by the Charities on public benefit.
GRANT MAKING
Through “The Expedition Fund”, a formally Designated Fund governed by a constitution, grants are made to Associations overseas expeditions to reduce the cost of participation to Association members. These grants support the charitable objects of the Association.
VOLUNTEERS
The Charity is solely run by volunteers without whom the Association would cease to operate. Volunteers are sought from within the membership to fil committee appointments, deliver monthly weekend meet, plan and deliver expeditions and manage the RAF Climbing Team.
ACHIEVEMENTS AND PERFORMANCE
The RAF Mountaineering Association celebrate its 75th Anniversary in 2023. As the world’s oldest military mountaineering association two main celebration events took place:
RAF Mountaineering Association 75th Anniversary Meet (27-29 January 2023) . To mark the 75th Anniversary of the RAF Mountaineering Association, an extraordinary weekend meet took place at The Climber’s Club Helyg Hut; returning 75 years after RAFMA’s first ever meet in January 1948. Members of the Executive Committee and the President hosted five former Chairperson’s of the Association. The small hut, filled by the attendees made for an intermate venue to reflect on the Association, with a fantastic 4-course celebratory meal prepared by the attendees.
Annual Dinner Weekend (17-19 November 2023) . The Annual Dinner took place at the Carus Green Golf Club, Kendal, on Saturday 18 November 23. With 74 attending the event, including 9 former Chairperson’s in attendance. Annual prizes were awarded and a formal handover of the President. The event coincided with the November weekend meet and General Meeting. RAFMA’s rich 75-year heritage was put on display with display boards, annual Journals, expedition reports, presentations and slideshows bringing back memories for many and inspiring all.
Weekend Meets The association organised a programme of meets in a variety of locations across the UK, including Scotland, the Lake District, the Peak District and Wales, providing opportunities to make use of the best mountaineering and rock climbing this country has to offer, with 260 attendees across the 12 weekend meets.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
TRUSTEES' REPORT(Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2023
RAF Climbing Team
Coaching sessions . Coaching sessions continued throughout the year, with 23 events, with professional athlete coaching at eight of those events.
The RAF Climbing Championships and the Festival of Climbing, Peak District (21-23 April 2023) . The flagship event of the year was the Festival of Climbing which included the RAF Climbing Championships, where 71 competitors tackled a challenging mix of bouldering problems and lead climbing routes. Guests included representatives from the RAF Central Fund, the British Mountaineering Council, and our commercial supporters at Entreprises, Helix Tactical and Mountain Equipment.
After the competition, Association members made the short drive to the Hope Valley to conduct the mountaineering weekend. Instead of pulling on plastic holds, members, new and old, tested and developed their traditional climbing skills on real rock, whilst others enjoyed walking, all within the Peak District National Park.
Armed Forces Bouldering League. The RAF Climbing Team and wider RAFMA Members participated in all six rounds of the Armed Forces Bouldering League in the 2022-23 season (two in 2023) which ended in February 23. The RAF Bouldering Championships took place on 18 Jan 23 with 40 RAF competitors. The League restarted in September 23 for the 2023-24 season; the RAF Bouldering Championships took place on 15 Nov 23, with 18 RAF competitors.
Interservice Climbing Competition at Capel Curig (15 June 2023). 19 members of the RAF Climbing Team competed in the Interservice Lead Climbing Competition at the Beacon Climbing Centre – the competition this year was hosted by the Army Mountaineering Association. The RAF put in a strong performance across the board with six making the finals. Air Specialist 1 Hall won the Junior Men’s category and the RAF Junior Men’s Team came first in the overall category. The RAF also achieved second place in the Senior Men’s category. As a result of their strong performance two RAF climbers were selected for the UK Armed Forces Climbing Team and a third made first reserve.
Annual General Meeting . Conducted at the Little John pub, Hathersage, on Saturday 22 Apr 23.
General Meeting . Conducted at the Carus Green Golf Club, Kendal, on Friday 17 November 23.
SERIOUS INCIDENTS
There are no serious incidents to report.
RELATIONSHIP WITH ANY RELATED PARTIES
The Charity has a close relationship with the Royal Air Force Central Fund, with whom its charitable objectives are broadly aligned and who provide non-public grants to support the Associations annual output.
FINANCIAL REVIEW
In the Financial Year (FY) 1 January – 31 December 2023 the Charity remained a viable going concern.
Total income for the year was £42,112 with a total expenditure for the year of £43,785.
The charity, therefore, generated a small deficit of £1,673.
Reserves
The Association aims to hold £7,500 reserves to cover one year’s mandatory fees (IE and insurance c.£1,500) which would be required should the Association and its interests be wound up, with the remaining £6,000 used to deliver activity up until, and no later than, 31 December of the closing year.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
TRUSTEES' REPORT(Continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
FINANCIAL REVIEW (Continued)
Reserves (continued)
Unrestricted Reserves as represented by net current assets held at 31st December 2023 were £22,531.
Sources of Funds
Annual Subscriptions Fees, Monthly Meet Fees, and non-public grants from the Royal Air Force Central Fund and the Royal British Legion.
RISKS
The principal financial risk to the charity is loss of its annual non-public grant from the Royal Air Force Central Fund.
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:
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Select suitable accounting policies and apply them consistently
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Make judgements and estimates that are reasonable and prudent
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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: Mark Hill 11 October 24 Date: ............................................
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INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS
Report to the trustees/members of the Royal Air Force Mountaineering Association on the accounts for the year ended 31st December 2023 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 year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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[examine the accounts under section 145 of the Charities Act,]
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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
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[to state whether particular matters have come to my attention.]
BASIS OF INDEPENDENT EXAMINER'S STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
J Irvine-Smith FCIE Independent Examiners Ltd Unit 2 Broadbridge Business Centre Delling Lane Bosham Chichester PO18 8NF Dated: 14 October 2024
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Notes INCOME Donations & Legacies 3 (a) Charitable Activities 3 (b) Trading Income 3 (c) TOTAL INCOME EXPENDITURE 4 TOTAL EXPENDITURE NET INCOME/(EXPENDITURE) Total Funds Brought Forward Transfers Between Funds 5,6 Transfer from Excepted Charity 15 TOTAL FUNDS CARRIED FORWARD Expenditure on Charitable Activities |
12 months 13 months Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022/21 £ £ £ £ £ 445 - 19,560 20,005 20,322 22,107 - - 22,107 26,167 - - - - 7,558 22,552 - 19,560 42,112 54,047 24,177 - 19,608 43,785 43,958 24,177 - 19,608 43,785 43,958 (1,625) - (48) (1,673) 10,089 26,794 28,459 - 55,253 - (2,638) 2,590 48 - - - - - - 45,164 22,531 31,049 - 53,580 55,253 |
|---|---|
Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing.
The notes on pages 11 to 15 form part of these financial statements.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
BALANCE SHEET AS AT 31ST DECEMBER 2023
| Notes Fixed Assets Tangible assets Current Assets Stocks Debtors 8 Cash at bank and in hand 7 Total Current Assets 9 NET CURRENT ASSETS NET ASSETS Funds of the Charity Unrestricted Funds Designated Funds 6 Restricted Funds 5 Total Funds Creditors: amounts falling due within one year TOTAL ASSETS less current liabilities Creditors: amounts falling due in more than one year |
Unrestricted Designated Restricted 31-Dec-23 31-Dec-22 Funds Funds Funds Total Total £ £ £ £ £ - - - - - - - - - - 3,258 - - 3,258 1,110 20,730 31,049 - 51,779 61,983 23,988 31,049 - 55,037 63,093 1,457 - - 1,457 7,840 22,531 31,049 - 53,580 55,253 22,531 31,049 - 53,580 55,253 - - - - - 22,531 31,049 - 53,580 55,253 22,531 - - 22,531 26,794 - 31,049 - 31,049 28,459 - - - - - 22,531 31,049 - 53,580 55,253 |
|---|---|
Approved by the Trustees on .......................................... and8 October 24
Signed on their behalf by ................................................................, Trustee.
Print name: Mark Hill
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
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 (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.
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:
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the CIO becomes entitled to the income;
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it is more likely than not that the trustees will receive the resources; and
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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.
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.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
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.
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
One 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 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.
The RAF Mountaineering Association held no fixed assets during 2023 or 2022/21.
There are no commitments under non-cancelling operating leases and capital commitments.
3. ANALYSIS OF INCOME
| a) Donations and Legacies RAF CF Grant - Kit & Equipment RAF CF Grant - New Member Engagement RAF CF Grant - Operating Costs RAF CF Grant - Overseas Visit Donations b) Charitable Activities Membership Subscriptions Dinner Dance Entry Fees and Coaching Income AGM Income Match Fees/Fixture Income RAF Champs Other c) Trading Income Sale of Clothing and Equipment Sponsorship |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022/21 £ £ £ £ £ - - - - 479 - - 2,668 2,668 3,426 - - 16,892 16,892 14,392 - - - - 2,025 445 - - 445 - 445 - 19,560 20,005 20,322 10,471 - - 10,471 12,644 2,969 - - 2,969 3,872 443 - - 443 - 1,741 - - 1,741 - 5,384 - - 5,384 9,513 1,093 - - 1,093 135 6 - - 6 3 22,107 - - 22,107 26,167 - - - - 558 - - - - 7,000 - - - - 7,558 |
|---|---|
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
4. ANALYSIS OF EXPENDITURE
| Charitable Activities Accommodation Affiliation Fees AGM Costs Bank Charges Dinner Dance Entertainment Independent Examination Fees Inter Services Costs Journal Publishing and Website Costs Kit & Equipment New Member Engagement Donations Other Operating Costs Overseas Visit RAF Champs Training/Course Fees/Coaching 5. RESTRICTED FUNDS RAF Central Fund Grant RAF Central Fund Grant |
Unrestricted Designated Restricted TOTAL TOTAL Funds Funds Funds 2023 2022/21 £ £ £ £ £ 6,580 - 480 7,060 5,318 645 - 4,828 5,473 8,825 5,976 - - 5,976 4,120 502 - - 502 486 3,961 - - 3,961 526 311 - - 311 207 - - 1,068 1,068 900 - - 1,000 1,000 400 819 - - 819 - - - 773 773 5,712 - - 925 925 2,650 - - - - - 679 - 373 1,052 420 - - - - 5,365 400 - 3,000 3,400 3,895 4,304 - 7,161 11,465 5,134 24,177 - 19,608 43,785 43,958 Balance Transfer Balance 01-Jan-23 Btw Funds Income Expenditure 31-Dec-23 £ £ £ £ £ - 48 19,560 (19,608) - - 48 19,560 (19,608) - Balance Transfer Balance 21-Dec-21 Btw Funds Income Expenditure 31-Dec-22 £ £ £ £ £ - 20,322 (20,322) - - - 20,322 (20,322) - CURRENT PERIOD PREVIOUS PERIOD |
|---|---|
RAF Central Fund Grant - to be used for operating costs, kit and equipment, overseas visits and development activities.
The restricted funds are wholly represented by cash funds of the charity.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
6. DESIGNATED FUNDS
| Expeditions Funds Expeditions Funds |
Balance Transfer from Transfer Btw Balance 01-Jan-23 Excepted Income Expenditure Funds 31-Dec-23 Charity £ £ £ £ £ £ 28,459 - - 2,590 31,049 28,459 - - - 2,590 31,049 Balance Transfer from Transfer Btw Balance 21-Dec-21 Excepted Income Expenditure Funds 31-Dec-22 Charity £ £ £ £ £ £ - 20,472 - 7,987 28,459 - 20,472 - - 7,987 28,459 CURRENT YEAR PRIOR YEAR |
|---|---|
The Expeditions Funds comprise the Expedition Fund and the Chairman's Fund, both designated for expenditure on expeditions.
The designated funds are wholly represented by cash funds of the charity.
7. CASH AT BANK AND IN HAND
| Current Account 8. DEBTORS AND PREPAYMENTS Debtors Deferred Expenditure Prepayments |
Unrestricted Designated Restricted Total Total Funds Funds Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ 20,730 31,049 - 51,779 61,983 20,730 31,049 - 51,779 61,983 Unrestricted Designated Restricted Total Total Funds Funds Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ - - - - 38 - - - - 300 3,258 - - 3,258 772 3,258 - - 3,258 1,110 |
|---|---|
9. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Creditors Accruals Duplicate supplier payment to be recouped Grant underspend to be returned Deferred income (9a) |
Unrestricted Designated Restricted Total Total Funds Funds Fund 31-Dec-23 31-Dec-22 £ £ £ £ £ - - - - 1,372 1,068 - - 1,068 6,226 (251) - - (251) - - - - - 242 640 - - 640 - 1,457 - - 1,457 7,840 |
|---|---|
9a. DEFERRED INCOME
£
- Deferred income brought forward 01/01/23 - Utilised in the year Receipts in 2023 for 2024 640 Deferred income as at 31/12/23 640
Some 2023 income has been deferred to 2024 because there are conditions attached to the income regarding future service delivery.
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ROYAL AIR FORCE MOUNTAINEERING ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31ST DECEMBER 2023
10. STAFF COSTS AND NUMBERS
There are no staff paid by the RAF Mountaineering Association.
11. TRUSTEES AND OTHER RELATED PARTIES
No 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.
12. RISK ASSESSMENT
The trustees actively review the major risks which the charity 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.
13. RESERVES POLICY
The trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The trustees aim to ensure the charity 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.
14. PUBLIC BENEFIT
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity 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 charity should undertake.
15. TRANSFER TO CHARITABLE INCORPORATED ORGANISATION
The trustees of the Royal Air Force Mountaineering Association (Excepted Charity) discussed and agreed the formation of the new Charitable Incorporated Organisation, Royal Air Force Mountaineering Association, and the CIO was duly registered on 17 December 2021 (Registered CIO number 1197189). All assets and liabilities of the Excepted Charity were transferred to Royal Air Force Mountaineering Association (Registered CIO number 1197189) on 31 December 2021. The assets and liabilities transferred were as follows:
| Fixed Assets Tangible assets Current Assets Debtors Cash at bank and in hand Total Current Assets NET CURRENT ASSETS NET ASSETS Creditors: amounts falling due within one year TOTAL ASSETS less current liabilities |
Unrestricted Designated Restricted Total Funds Funds Funds Funds £ £ £ £ - - - - - - - - 30,228 20,472 - 50,700 30,228 20,472 - 50,700 5,536 - - 5,536 24,692 20,472 - 45,164 24,692 20,472 - 45,164 24,692 20,472 - 45,164 |
|---|---|
16. COMPARATIVES
The comparative figures shown in these financial statements represent the first period of account for the CIO and cover the dates 21 December 2021 to 31 December 2022.
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