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## 



|REGISTERED CHARITY NUMBERS|226686 (England<br>and Wales), SC037673(Scotland)||
|---|---|---|
|PRINCIPAL OFFICE|Atlas House, 41Wembley<br>Road, Leicester, LE3 1UT||
|PATRON|Her Majesty The Queen (to September 2022)||
|LIFEVICE-PRESIDENTS|Marshal ofthe Roya I Air ForceThe Lord Stirrup<br>KG GCBAFC FRAeS||
||FCMI||
||Air Chief Marshal<br>Sir Stephen<br>Dalton<br>KCBADC BScFRAeS CCMI||
||Air Chief Marshal<br>SirJoseph Gilbert KCBCBE LLD (hc)||
||Air Chief Marshal<br>Sir Glenn Torpy GCB CBE DSO ADC|BSc (Eng)|
||FRAeS||
||Air Chief MarshalSir<br>Andrew<br>Pulford<br>GCB CBEADC||
||Air Chief Marshal<br>Sir Stephen<br>Hillier GCB CBE DFC ADC|MA|
||Air Marshal<br>Sir Dusty Miller KBE||
||Air Marshal<br>P0Sturley CB MBE BScFRAeS||
||Air Vice-Marshal<br>P Liddell CBBScCEng FIETFRAeS||
||Air Vice-Marshal<br>N Bairsto CBMBE||
||Air Commodore<br>A H Vaughan<br>OBE BA FIMgt||
||Dr BPattinson,<br>OBE (from January 2022)||
|TRUSTEE MEMBERS OF THE COUNCIL|||
|President|Air Marshal<br>Sir Bat North<br>KCBOBE MA FRAeS||
|Chairman|Air Vice-Marshal<br>J Cliffe CBOBE(to October 2022)||
||Air Vice-Marshal<br>A N CReid CBOStl MBChB MSc DRCOG DAvMed||
||FFOM (from October 2022}||
|Vice Chairman|Air Vice-Marshal<br>M Neal OBE CEng FIET||
|Honorary Treasurer|Mr P Tagg||
|Area Elected Members|Mr R Blunden (South-East and Eastern) (from October|2022)|
||Ms M Greer (Scotland, Northern<br>Ireland and Northern|England)|
||{from October 2022)||
||Mr G Overton (European<br>and Overseas) (from October|2022)|
||Mr A P Rees (Wales, Midlands<br>and South-West)<br>(from|October|
||2022)||
||Mr M Watkins<br>(Central) (from October 2022)||





|Area Representatives|Area Representatives||||Mr FCBarrett MBE (South-East and Eastern)|Mr FCBarrett MBE (South-East and Eastern)|(to March|
|---|---|---|---|---|---|---|---|
||||||2022)|||
||||||Mr J Gilmour (South-East and Eastern) (from||March 2022|
||||||to October 2022)|||
||||||Mr D Chappell<br>(Northern)<br>(to October|2022)||
||||||Mrs M Addison<br>(Wales, Midlands<br>and|South-Western)||
||||||(to October 2022)|||
||||||Mrs S Kidston (Scotland and Northern|Ireland)|(to|
||||||October 2022)|||
||||||Air Commodore<br>A Neal AFC FRAeS (European||and|
||||||Overseas) (to October 2022)|||
|Members appointed||by the Royal||Air Force|Air Commodore<br>G A Opie MDA MA BScFCIPD||RAF|
||||||Squadron<br>Leader<br>K Roachford<br>RAF|||
||||||Warrant<br>Officer M Rees-Martin|||
|Appointed<br>Member|||||Ms F Barber|||
||||||Ms SBarber|||
||||||Mrs P Bearblock|||
|SENIOR MANAGEMENT|||TEAM|||||
|Secretary General|||||Mr N Bunting OBE CDir FIOD MCMI|||
|Director ofMember Branch and Wellbeing|||||Mr R O' Connor<br>MA|||
|Director ofMarketing,|||Fundraising|and Trading|Ms R Huxford<br>MBE MlnstF|||
|Chief Finance Officer||||||||
||||||Mrs<br>K Parkin JP BSc(Hons) ACMA CGMA MCIPP|||
|Chief Information|Officer||||Mr P Sherwin<br>BSc (Hons) MBCS|||
|Group Company Secretary|||||Mrs R Brutnall<br>BA{Hons) ACG|||





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|The powers ofthe Council|are set|out in the Royal Charter,|out in the Royal Charter,|Rules, and Byelaws|Rules, and Byelaws||which|are supplemented|by the Standard|by the Standard|
|---|---|---|---|---|---|---|---|---|---|---|
|Regulations<br>governing<br>the Areas,||Regions,|Branches and|Branch Clubs (collectively||||the 'Governance|Handbook'|).The|
|Council may exercise all powers conferred|||on it by the Governance||Handbook||and in accordance with||the Charities Act||
|2011and other applicable|legislation. The||Council usually|holds five face-face|||meetings<br>each year. The Council has also||||
|adopted<br>a procedure for making||decisions|ex-committee.|All ex-committee||decisions are subject to|||ratification|at the|
|next Council meeting.|||||||||||
|Trustee|||Total||Total|||Attendance|Ya||
||||Meetings||Attended||||||
|Air Marshal<br>Sir Baz North||||||||100'Ya|||
|Air Vice-Marshal<br>Alastair|Reid|||||||100%|||
|Air Vice- Marshal John Cliffe||||||||100'Yo|||
|Air Vice-Marshal<br>Mark Neal||||||||BOYo|||
|Mr Philip Tagg||||||||100'Yo|||
|Air Commodore<br>Alan Opie||||||||80/o|||
|Air Commodore<br>Andrew|Neal|||||||100SS|||
|Mr Anthony<br>Rees||||||||100'%|||
|Mr David Chappell||||||||100Yo|||
|Ms Fiona Barber||||||||100Yo|||
|Mr Frank Barrett||||||||100Ya|||
|Mr George Overton||||||||50Yo|||
|Mr John Gilmour||||||||100'Yo|||
|Squadron<br>Leader Kyle Roachford|||||||||||
|Ms Margaret Greer||||||||100Yo|||
|Marilyn<br>Addison||||||||100Yo|||
|Mr Martin Watkins||||||||50'Yo|||
|Warrant<br>Officer Michelle|Rees-Martin|||||||60Ya|||
|Ms Pauline Bearblock||||||||40Yo|||





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|Mr|Ray Blunden|100/o|
|---|---|---|
|Ms|Samantha<br>Barber|1009o|
|Ms|Susan Kidston|100'Yo|



## 

|Committee|Chair|Number of|Number of|
|---|---|---|---|
|||members|meetings|
|Branch and Membership|AVM M Neal|12|4|
|Finance and investment|Mr P Tagg|5|4|
|Information|AVM M Neal|7|4|
|Safeguarding|Ms M Jones|5|4|
|Welfare|Ms FBarber|8|4|
|Annual<br>Conference|Mr A Rees|5|5|
|Audit|Ms 5 Munday|4|3|
|Remuneration|AVM J Cliffe|3|1|
|Nominations|AVM J Cliffe|3|3|



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||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|||E'000|E'000|E'000|E'000|
|INCOME:||||||
|Donations,<br>Legacies and Subscrlptions||2,536|127|2,663|4,793|
|Donations —assets gifted from closed||||||
|branches|28|380||380|1,015|
|Charitable<br>Activities:||3,651|2,738|6,389|4,520|
|Other Trading Activities:||||||
|Trading income||845||845|456|
|Grand Draw and other fundraising||||||
|income||1,619||1,619|1,145|
|Investment<br>Income and Interest||662||662|577|
|Total Income||9,693|2,865|12,558|12,506|
|EXPENDITURE:||||||
|Cost of Raising Funds||1,968||1,968|1,660|
|Charitable<br>Activities:||||||
|Residential<br>&Respite Care Home||1,665||1,665|2,407|
|Friendship<br>&Welfare Support||8,258|3,191|11,449|9,665|
|Other Support Costs||827||827|592|
|Other Expenditure:||||||
|Interest<br>Paid on Branch Deposits||17||17|19|
|Interest on Defined Benefit Pension||||||
|Liabilities||(13)||(13)||
|Total Expenditure|7|12,722|3,191|15,913|14,354|





||||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
|||||f.'000|6'000|6'000|6'000|
|Net (Losses)/gains|on investment|assets|14(b)|(2,173)||(2,173)|2,575|
|Net (expenditure)/income||||(5,202)|(326)|(5,528)|727|
|Other recognised|losses:|||||||
|Net losses on revalued<br>assets||||(608)||(608)||
|Actuarial<br>(losses)/gain<br>on defined||benefit||||||
|pension scheme||||(47)||(47)|839|
|Net movement<br>in|funds|||(5,857)|(326)|(6,183)|1,566|
|Reconciliation of|Funds|||||||
|Total Funds Brought Forward||||31,230|2,341|33,571|32,005|
|Transfer between|funds|||(220)|220|||
|Total Funds Carried Forward||||25,153|2,235|27,388|33,571|





||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||Funds|Funds|2022|2021|
|||E'000|E'000|E'000|E'000|
|INCOME:||||||
|Donations,<br>Legacies and Subscriptions||2,534|43|2,577|4,793|
|Donations —assets gifted from closed||||||
|branches|28|380||380|1,015|
|Charitable Activities:||594|2,73&|3,332|2,723|
|Other Trading Activities:||||||
|Grand<br>Draw and other fundraising||||||
|income||1,619||1,619|1,145|
|Investment<br>Income and Interest||662||662|577|
|Total Income||5,789|2,781|8,570|10,253|
|EXPENDITURE||||||
|Cost of Raising Funds||957||957|1,030|
|Charitable<br>Activities:||||||
|Residential<br>&Respite Care Home||1,505||1,505|2,355|
|Friendship<br>ILWelfare Support||5,478|3,173|8,651|8,097|
|Other Support Costs||879||879|606|
|Other Expenditure:||||||
|Interest<br>Paid on Branch Deposits||17||17|19|
|Interest on Defined Benefit Pension||||||
|Liabilities||(13)||(13)||
|Total Expenditure||8,823|3,173|11,996|12,118|





||||Notes|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2022|2021|
|||||6'000|6'000|6'000|6'000|
|Net (losses)/gains|on investment|assets|14(b)|(2,169)||(2,169)|2,575|
|Net (expenditure)/income||||(5,203)|(392)|(5,595)|710|
|Other recognised|losses:|||||||
|Net losses on revalued<br>assets||||(608)||(608)||
|Actuarial<br>(losses)/gain<br>on defined||benefit||||||
|pension scheme||||(47)||(47)|839|
|Net movement<br>in|funds|||(5,857)|(392)|(6,249)|1,549|
|Reconciliation<br>of|Funds|||||||
|Total Funds Brought Forward||||31,079|2,241|33,320|31,771|
|Transfer between|funds|||(220)|220|||
|Total Funds Carried Forward||||25002|2~069|27p071|33g320|





||||Notes|Group||Association||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||6'000|6'000|6'000|6'000|
|Fixed assets:||||||||
|Intangible<br>assets|||12|1,026|1,302|1,015|1,302|
|Tangible assets:||||||||
|Properties|||13|4,840|5,404|4,365|4,996|
|Equipment<br>and furniture|||13|400|579|287|393|
|||||6,266|7,285|5,667|6,691|
|Investments:||||||||
|investments|||14|21,472|25,265|21,275|25,265|
|Programme<br>related|investments|||||||
|-loan to branches||||125|129|125|129|
|Total fixed assets||||27,863|32,679|27,067|32,085|
|Current assets:||||||||
|Assets held for resale|||15|300|550|300|550|
|Stocks||||294|392|||
|Debtors|||16|421|305|1,291|1,156|
|Cash at bank and in|hand|||2,730|4,041|2,248|3,560|
|Total current assets||||3,745|5,288|3,839|5,266|
|Current liabilities:||||||||
|Creditors: amounts|falling|due within one||||||
|year|||17|(3,952)|(4,127)|(3,835)|(4,031)|
|Net current (liabilities)/assets||||(207)|1,161|4|1,235|
|Total assets less current||liabilities||27,656|33,840|27,071|33,320|
|Creditors: amounts|falling|due after more||||||
|than one year|||18|(269)|(269)|||
|Net assets including|pension scheme|||||||
|liability||||27,387|33,571|27,071|33,320|





|||Notes|Group||Association||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||6'000|6'000|6'000|6'000|
|Funds:|||||||
|Restricted funds||20|2,234|2,341|2,069|2,241|
|Unrestricted|funds:||||||
|Designated|funds|21|15,734|18,932|15,734|18,932|
|General funds|||9,419|12,298|9,268|12,147|
|Total funds|||27,387|33,571|27,071|33,320|





|||||Notes|Group||Association||
|---|---|---|---|---|---|---|---|---|
||||||2022|2021|2022|2021|
||||||6'000|6'000|6'000|6'000|
|Cash out flows from|operating|activities||23|(3,288)|(2,562)|(3,568)|(2,611)|
|Cash flows from investing<br>activities|||||||||
|Investment<br>income|||||662|577|662|577|
|Interest payable|||||(17)|(19)|(17)|(19)|
|Receipt of Kaupthing|Singer and||||||||
|Friedlander<br>monies||||||10||10|
|Payments to acquire|intangible|fixed|||||||
|assets|||||(74)||(62)||
|Payments to acquire|tangible fixed assets||||(141)|(115)|(72)|(51)|
|Assets for resale|||||330||330||
|Payments to acquire|investments||||(1,923)|(3,015)|(1,723)|(3,015)|
|Receipts from disposals ofinvestments|||||3&363|4,591|3,363|4,591|
|Net cash provided<br>by investing||activities|||2,200|2,029|2,481|2,093|
|Cash flows from financing<br>activities|||||||||
|Decrease in loans to|branches||||||||
|(Decrease)/increase|in deposits|by|||||||
|branches|||||(227)|190|(229)|190|
|Net cash from financing<br>activities|||||(223)|192|(225)|192|
|Change in cash and|cash equivalents||in||||||
|the year|||||(1,311)|(341)|(1,312)|(326)|
|Cash and cash equivalents<br>at the|||||||||
|beginning ofthe year||||24|4,041|4,382|3,560|3,886|
|Cash and cash equivalents<br>at the end|||of||||||
|the year||||24|2,730|4,041|2,248|3,560|





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|ONATIONS,<br>LEGACIES AND|SUBSCRIPTIONS|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|||E'000|E'000|E'000|E'000|
|Group||||||
|Donations||||||
|Armed Forces Covenant|Fund Trust||29|29|211|
|Others||578|98|676|1,453|
|Legacies||986||986|2,158|
|Subscriptions||972||972|971|
|||2,536|127|2,663|4,793|
|||Unrestricted|Restricted|Total|Total|
|||Funds|Funds|2022|2021|
|||E'000|E'000|E'000|E'000|
|Association||||||
|Donations||||||
|Armed Forces Covenant|Fund Trust||29|29|211|
|Others||576|14|590|1,453|
|Legacies||986||986|2,158|
|Subscriptions||972||972|971|
|||2,534|43|2,577|4,793|



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|Group and Association|2022|2021|
|---|---|---|
||E'000|E'000|
|UK listed investments|511|450|
|Branch and other loans|1|3|
|Properties|150|124|
||662|577|



## 

|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2022|2021|
|||||||E'000|E'000|E'000|E'000|
|Group||||||||||
|Accommodation||fees||||499||499|431|
|Grants|and fundraising||income|||201|2,738|2,939|2,428|
|Nursery|funds|||||2,951||2,951|1,649|
|UKgovernment||Coronavirus||job retention|scheme||||12|
|||||||3,651|2,738|6,389|4,520|



||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2022|2021|
||||||E'000|E'000|E'000|E'000|
|Association|||||||||
|Accommodation|fees||||305||305|245|
|Grants and fundraising||income|||289|2,738|3,027|2,476|
|UKgovernment|Coronavirus||job retention|scheme||||2|
||||||594|2,738|3,332|2,723|





## 

|||||Employee|||||
|---|---|---|---|---|---|---|---|---|
|||||and|||||
|||||related<br>costs|Depreciation<br>and<br>amortisation|Other<br>costs|Total<br>2022|Total<br>2021|
|||||E'000|E'000|E'000|E'000|E'000|
|Costs of raising funds:|||||||||
|Direct costs||||1,013||950|1,963|1,654|
|Allocated|support costs||||||5|7|
|Charity's<br>charitable<br>activities|||||||||
|Direct costs||||4,842||5,056|9,898|8,288|
|Allocated|support costs|||1,968|528|1,538|4,034|4,376|
|Other expenditure|||||||||
|Interest|Paid on Branch Deposits|||||17|17|18|
|Interest|on Defined Benefit Pension||Liabilities|||(13)|(13)|11|
|||||7,823|533|7,548|15,904|14,354|
||||||||2022|2021|
|Allocated support costs:||||||Notes|E'000|E'000|
|Heat and light||||||||26|
|Other site costs|||||||54|46|
|Advertising|and promotions||||||73|134|
|Printing<br>and|stationery||||||133|106|
|Telephone|||||||58|54|
|Insurance|||||||143|117|
|Repairs and|maintenance||||||29|57|
|Depreciation|and amortisation||||||597|607|
|Reversal of|Depreciation|on Rothbury||||13|(64)||
|Management|fee||||||14||
|Other expenditure|||||||597|703|
|Other equipment|||||||31|25|
|Staff costs|||||||1,972|2,272|
|Governance|costs||||||402|236|
||||||||4,039|4,383|





## 

## 

|ssociation|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Employee|||||
|||||and|||||
|||||related<br>costs|Depreciation<br>and<br>amortisation|Other<br>costs|Total<br>2022|Total<br>2021|
|||||E'000|E'000|E'000|E'000|E'000|
|Costs of raising funds:|||||||||
|Direct costs||||752||205|957|1,030|
|Charity's<br>charitable<br>activities|||||||||
|Direct costs||||2,345||4,860|7,205|6,837|
|Allocated|support costs|||1,826|490|1,514|3,830|4,221|
|Other expenditure|||||||||
|Interest|Paid on Branch Deposits|||||17|17|19|
|Interest|on Defined Benefit Pension||Liabilities|||(13)|(13)|11|
|||||4,923|490|6,583|11,996|12,118|
||||||||2022|2021|
|Allocated support costs:||||||Notes|E'000|E'000|
|Heat and light||||||||26|
|Other site costs|||||||53|35|
|Advertising|and promotions||||||73|135|
|Printing<br>and|stationery||||||131|105|
|Telephone|||||||55|50|
|Insurance|||||||134|109|
|Repairs and|maintenance||||||28|56|
|Depreciation|and amortisation||||||554|565|
|Reversal of|Depreciation|on Rothbury||||13|(64)||
|Other expenditure|||||||568|695|
|Other equipment|||||||31|25|
|Staffcosts|||||||1,825|2,153|
|Governance|costs||||||442|267|
||||||||3,830|4,221|





## 

|Group and Association||2022|2021|
|---|---|---|---|
|||E'000|E'000|
|Welfare grants to individuals||140|95|
|Association<br>property<br>grants to branches||35||
|Armed Forces Covenant|Fund Trust grants|||
|paid to branches||158|583|
|||333|684|



## 

## 

|TAFF COSTS|||||||
|---|---|---|---|---|---|---|
||||Group||Association||
||||2022|2021|2022|2021|
||||E'000|E'000|E'000|E'000|
|Wages and salaries|||6,842|6,242|4,263|4,673|
|Social security|costs||647|571|459|461|
|Employer contributions||to defined|||||
|contributions|schemes||261|209|199|168|
||||7,750|7,022|4,921|5,302|



|erage number ofe|mployees<br>throughout|the year, analysed<br>by locatio|n was:|||
|---|---|---|---|---|---|
|||Group||Association||
|||2022|2021|2022|2021|
|||Number|Number|Number|Number|
|Welfare||54|44|54|44|
|Membership||17|20|17|20|
|Headquarters||70|60|70|60|
|Families Federation|Service|16|10|16|10|
|Merchandise||||||
|Social Housing||||||
|Childcare||145|63|||
|||314|205|157|134|





## 

|Group and Association|2022|2021||
|---|---|---|---|
||Number|Number||
|E60,001to f70,000||||
|680,001tof90,000||||
|690,001to 6100,000||||
|f100,001tof110,000||||
|f120,001tof130,000||||
||9||9|



## 

|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
|Rate ofincrease of|||pensions||in payment|||3.1%|3.4N|
|Discount rate||||||||4.7%i|1.9N|
|inflation|assumption||(RPI)|||||3.1%i|3.3%|
|The mortality||assumptions||used in the valuation||ofthe pension|liabilities were:|||
|||||||||2022|2021|
|Retiring|today (currently|||aged 65):||||Years|Years|
|Males||||||||21.8|21.7|
|Females||||||||23.9|23.9|
|Retiring|in|20years|(currently||aged 45):|||||
|Males||||||||22.7|22.7|
|Females||||||||24.8|24.8|





## 

|uary 201|0.The Associatio|n|'s<br>assets in the scheme at31December 2022 w|ere:||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f'000|E'000|
|Bonds||||1,555|4,130|
|Equities||||2,393|2,630|
|Insurance|contracts|||3,959|5,312|
|Diversified|funds|||2,259|2,594|
|LDI funds||||1,809|2,930|
|Net current assets||||170|53|
|Total assets||||12,145|17,649|
|Net ofinterest and costs||||(53)|(84)|
|Employers'contributions||||100|75|
|Actuarial|gain / (losses) on||defined benefit pension scheme|(47)|839|
|Balance sheet movement||during year|||830|
|||||2022|2021|
|||||E'000|E'000|
|Fair value|ofscheme assets|||12,145|17,649|
|Present value ofscheme||liabilities||(12,112)|(17,016)|
|Surplus<br>in|the scheme|||33|633|
|Restriction|on recognition||ofscheme surplus|(33)|(633)|
|Total liability recognised||||||





## 

## 

|Analysis|ofthe amounts|charged to||Statement of Financ|ial Activities|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||f'000|f'000|
|Expenses paid by the scheme||||||66|73|
|Analysis|offinancial element ofpensions cost|||||2022|2021|
|||||||f'000|f'000|
|Interest|on assets|||||329|226|
|Interest|on pension scheme liabilities|||||(316)|(237)|
|Net income/(cost)||||||13|(11)|
|Analysis|ofthe actuarial|gain / (loss)||on defined benefit|pension scheme|2022|2021|
|||||||6'000|f'000|
|Gain on|asset return|||||(5,134)|420|
|Experience gain on liabilities||||||(471)|183|
|Changes|in assumptions|underlying|the present value of||the scheme liabilities|4,958|869|
|Actuarial|gain/(loss)<br>recognised<br>in Statement of Financial||||Activities|(647)|1,472|
|Cumulative<br>actuarial<br>loss||recognised||in Statement of Financial Activities||(2,346)|(1,699)|
|Changes|in the present value ofdefined benegt obligations|||||2022|2021|
|||||||E'000|E'000|
|Opening|defined benefit|obligation||||17,016|18,556|
|Interest|cost|||||316|237|
|Actuarial|experience gain/(loss)<br>on||liabilities|||471|(183)|
|Actuarial|gain on changes|in assumptions||||(4,958)|(869)|
|Benefits|paid|||||(733)|(725)|
|Closing defined benefit obligation||||||12,112|17,016|





## 

|Changes<br>in the fair value of plan assets|2022|2021|
|---|---|---|
||E'000|E'000|
|Opening<br>plan assets|17,649|17,726|
|Interest on assets|329|226|
|Gain/(loss)<br>on asset return|(5,134)|420|
|Contributions<br>by employer|100|75|
|Benefits paid|(733)|(725)|
|Expenses paid by the scheme|(66)|(73)|
|Closing defined benefit obligation|12,145|17,649|





## 

||Computer|Total|
|---|---|---|
|Group|software||
||E'000|E'000|
|Cost or valuation:|||
|At 1January 2022|1,820|1,820|
|Additions|74|74|
|At31December 2022|1,894|1,894|
|Amortisation:|||
|At 1January 2022|518|518|
|Charge for year|350|350|
|At 31December 2022|868|868|
|Net book Value:|||
|At31December 2022|1,026|1,026|
|At31December 2021|1,302|1,302|



||Computer|Total|
|---|---|---|
|Association|software||
||E'000|E'000|
|Cost orvaluation:|||
|At 1January 2022|1,820|1,820|
|Additions|62|62|
|At31December 2022|1,882|1,882|
|Amortisation:|||
|At 1January 2022|517|517|
|Charge for year|350|350|
|At31December 2022|867|867|
|Net book Value:|||
|At 31December 2022|1,015|1,015|
|At31December 2021|1,302|1,302|





## 

|TANGIBLE FIXEDASSE|TS||||||
|---|---|---|---|---|---|---|
||||Properties||||
|||Notes||Short|Equipment|Total|
|Group|||Freehold|Leasehold|and Furniture||
||||f'000|E'000|f'000|f'000|
|Cost orvaluation:|||||||
|At 1January<br>2022|||7,248|59|2,074|9,381|
|Additions|||40||101|141|
|Disposals|||P)|(4)|(351)|(362)|
|Revaluation<br>ofRothbury|||(608)|||(608)|
|Transfers|||(12)||12||
|At 31December 2022|||6,661|55|1,836|8,552|
|Depreciation:|||||||
|At 1January 2022|||1,875|28|1,495|3,398|
|Charge for year|||134|1|113|248|
|Depreciation<br>on disposal|||(1)|(4)|(265)|(270)|
|Revaluation<br>of Rothbury|||(64)|||(64)|
|Transfers|||(93)||93||
|At 31December 2022|||1,851|25|1,436|3,313|
|Net book Value:|||||||
|At 31December 2022|||4,810|30|400|5,241|
|At 31December 2021|||5,373|31|579|5,983|
||||Properties||||
|||||Short|Equipment||
|Association|||Freehold|Leasehold|and Furniture|Total|
||||f'000|f'000|E'000|f'000|
|Cost or valuation:|||||||
|At 1January 2022|||6,521|59|1,605|8,185|
|Additions|||34||38|72|
|Disposals||||(4)|(227)|(231)|
|Revaluation<br>of Rothbury|||(608)|||(608)|
|At 31December 2022|||5,947|55|1,416|7,418|
|Depreciation:|||||||
|At 1January 2022|||1,556|28|1,212|2,796|
|Chargefor year|||122|1|83|206|
|Depreciation<br>on disposals||||(4)|(166)|(170)|
|Revaluation<br>of Rothbury|||(64)|||(64)|
|At 31December 2022|||1,614|25|1,129|2,768|
|Net book Value:|||||||
|At31December 2022|||4,335|30|287|4,652|
|At31December 2021|||4,965|31|393|5,389|
|Asset value a freehold|property|has been adjusted|to reflect|cost following|prior re-classification|ofthe asset.|





## 

|||Fair Value||Historical Cost||
|---|---|---|---|---|---|
|Group||2022|2021|2022|2021|
|||f'000|E'000|E'000|E'000|
|a) Fixed assets||||||
|Listed investments||18,425|22,263|12,990|13,024|
|Investment|properties|3,047|3,002|759|759|
|||21,472|25,265|13,749|13,783|
|||Fair Value||Historical Cost||
|Association||2022|2021|2022|2021|
|||E'000|E'000|f'000|f'000|
|a) Fixed assets||||||
|Listed investments||18,228|22,263|12,741|13,024|
|Investment|properties|3,047|3,002|759|759|
|||21,275|25,265|13,500|13,783|



|ovements|on fai|r value during the year - Group||||
|---|---|---|---|---|---|
||||Listed|Investment||
||||Investments|property|Total|
||||E'000|f'000|E'000|
|1January|2022||22,263|3,002|25,265|
|Additions|||1,843|80|1,923|
|Disposals|||(3,318)|(45)|(3,363)|
|Net investment||gains|(2,183)|10|(2,173)|
|Transfer|to Formby Branch creditor||(180)||(180)|
|31December 2022|||18,425|3,047|21,472|
|ovements|on fair value during the year - Association|||||
||||Listed|Investment||
||||Investments<br>f'000|property<br>f'000|Total<br>f'000|
|1January|2022||22,263|3,002|25,265|
|Additions|||1,643|80|1,723|
|Disposals|||(3,318)|(45)|(3,363)|
|Net investment||gains|(2,179)|10|(2,169)|
|Transfer|to Formby Branch creditor||(181)||(181)|
|31December 2022|||18,228|3,047|21,275|





## 

## 

||||Branch Deposit||
|---|---|---|---|---|
|||Branch Deposit|Formby||
|||Fund|Branch Fund|Total|
|||E'000|E'000|E'000|
|2022|||||
|North America||2,028|123|2,151|
|European||317|14|331|
|Asia Pacific||619|46|665|
|Emerging|market|66||66|
|Global||2,965|182|3,147|
|||5,995|365|6,360|
|2021|||||
|North America||2,959|127|3,086|
|European||436|19|455|
|Asia Pacific||836|61|897|
|Emerging|Market|177||177|
|Global||3,825|236|4,061|
|||8,233|443|8,676|





## 

## 

|Association||2022|2021|
|---|---|---|---|
|||6'000|6'000|
|Net loss on listed investments||(2,179)|2,279|
|Net gains on investment|properties|10|286|
|Net gains on current asset investments|||10|
|||(2,169)|2,575|



## 

|Group||2022|2021|
|---|---|---|---|
|||6'000|6'000|
|Net loss on listed investments||(2,183)|2,279|
|Net gains on investment|properties|10|286|
|Net gains on current asset investments|||10|
|||(2,173)|2,575|



## 

||2022|2021|
|---|---|---|
|Group and Association|6'000|f.'000|
|Freehold properties|300|550|



## 

|||Group||Association||
|---|---|---|---|---|---|
|||2022|2021|2022|2021|
|||6'000|6'000|6'000|6'000|
|Trade debtors|||53|79|51|
|Amounts<br>due|from subsidiaries|||918|865|
|Prepayments|and accrued income|267|183|213|173|
|Other debtors||68|69|81|67|
|||421|305|1,291|1,156|





## 

||||Group||Association||
|---|---|---|---|---|---|---|
||||2022|2021|2022|2021|
||||6'000|f'000|f'000|6'000|
|Taxation|and social security costs||248|176|219|136|
|Other creditors|||518|288|393|223|
|Accruals|and deferred|income|561|630|550|587|
|Deposits|by branches||1,630|1,907|1,630|1,907|
|Formby|Branch||995|1,126|995|1,126|
|Amounts|owed to subsidiaries||||48|52|
||||3,952|4,127|3,835|4,031|



||||Group||Association|Association|
|---|---|---|---|---|---|---|
|||2022||2021|2022|2021|
|||f'000||f'000|f'000|F.'000|
|Accruals||313||374|306|343|
|Deferred|income|248||256|244|244|
|||561||630|550|587|



|ncluded<br>in accruals is an am|ount offNil (2021|:633k) in respect ofunpai|d<br>pension contributions.||
|---|---|---|---|---|
||||Group|Association|
|Movement<br>in deferred income:|||f'000|f'000|
|2022 opening<br>balance|||256|244|
|Release during the year|||(256)|(244)|
|2022 donations,<br>fulfilment|income and grants|in advance|248|244|
|2022 closing balance|||248|244|



## 

|||||Group||Association||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||6'000|f'000|f'000|f'000|
|Deferred|income|—capital|grant|269|269|||
|||||269|269|||





## 

||Group||Association|Association|
|---|---|---|---|---|
||2022|2021|2022|2021|
||E'000|E'000|E'000|E'000|
|Equipment:|||||
|Due within one year|20|9|16|9|
|Due between two and five years|13|19|13|19|
|Land and buildings:|||||
|Due within one year|16|51|8|16|
|Due between two and five years|55|24|15|15|
|Vehicles:|||||
|Due within one year|65||56||
|Due between two and five years|5||||
||174|103|108|59|





## 

|||||At||||At|
|---|---|---|---|---|---|---|---|---|
|Association||||1ianuary||||31December|
|||||2022|Income|Expenditure|Transfers|2022|
|||||E'000|E'000|E'000|E'000|E'000|
|Befriending||||140|149|(140)||149|
|Brighten your day||||17||(6)||13|
|Conway Legacy||||86|||220|306|
|Dowding<br>Restricted|Fund|||32||||32|
|Eastern Chalet Area||||127||(12)||119|
|Finding it Tough||||88|22|(53)||57|
|Flowerdown<br>House||||113||||113|
|Flying Scholarship||||60|||(50)|10|
|Homes Refurbishment||||151||(5)||146|
|Lunches||||15||||15|
|Military Coworking||||145|83|(79)||148|
|Operation<br>RAF Unite|||||42|(1)||41|
|Partner<br>Employment||Programme||35||||35|
|Positive pathway<br>programme||||33||(9)||61|
|RAF Benevolent<br>Fund||Grants||301|2,095|(2,236)||160|
|Reaching Affected Families|||(FAR)|59|25|(4)||80|
|Respite Care and Welfare||||361||(269)||92|
|Rothbury<br>Restricted||||168|229|(105)||292|
|Scottish Development||Fund||22||||22|
|Storybook Wings &|Doodle||packs|||(4)|50|50|
|Veterans||||129|29|(158)|||
|Volunteer<br>Welfare Officers|||||10|||18|
|Wexford||||58||(40)||18|
|Other Restricted<br>Funds|||||55|(52)||92|
|||||2,241|2,781|(3,173)|220|2,069|
|Group|||||||||
|Digby Nursery<br>Fund||||100||||100|
|Leeming|||||84|(18)||65|
|||||2,341|2,865|(3,191)|220|2,234|





|||||At||||At|
|---|---|---|---|---|---|---|---|---|
|Association||||13anuary||||31December|
|||||2021|Income|Expenditure|Transfers|2021|
|||||f.'000|E'000|f.'000|E'000|E'000|
|Eastern Area Chalet|Fund|||109|22|(4)||127|
|Homes Refurbishment||||151||||151|
|Flowerdown<br>House||||113||||113|
|Rothbury<br>House||||49||(37)||12|
|Richard Peck House|Stairlift|||11||||11|
|Respite Care and Welfare||||361||||361|
|Conway<br>Legacy (Formerly|||known|86||||86|
|as Ivor Maloney)|||||||||
|Scottish Development||Fund||22||||22|
|National<br>Memorial|Arboretum||||14|||14|
|Preston Office||||50||(50)|||
|Forces in Mind Trust||||142|||(142)||
|Storybook Wings||||4||||4|
|RAF Benevolent<br>Fund Grants||||229|2,241|(2,169)||301|
|Libor||||105||(22)|(83)||
|Vehicle fund for Areas||||56||(56)|||
|Volunteer<br>Welfare|Officers|||8||||8|
|Wexford||||58||||58|
|Befriending|||||57||83|140|
|Veterans||||501|211|(583)||129|
|Rothbury|||||168|||168|
|Military Coworking|||||85|(82)|142|145|
|Other Restricted<br>Funds||||388|35|(32)||391|
|||||2,443|2,833|(3,035)||2,241|
|Group|||||||||
|Digby Nursery<br>Fund||||108||(8)||100|
|||||2,551|2,833|(3,043)||2,341|





## 

||||At||At|
|---|---|---|---|---|---|
||||1January||31December|
|Group and Association|||2022|Movement|2022|
||||E'000|f'000|f'000|
|Fixed Assets|||3,375||3,375|
|Membership||Innovation|346||346|
|Investment||Fund|4,310|(710)|3,600|
|Welfare|Fund||8,000|(2,000)|6,000|
|Property|Repairs and Maintenance||750||750|
|Defined|Benefit Pension Scheme||1,988|(488)|1,500|
|Rothbury|||163||163|
||||18,932|(3,198)|15,734|
||||At||At|
||||1January||31December|
|Group and Association|||2021|Expenditure|2021|
||||f'000|f'000|f'000|
|Fixed Assets|||3,375||3,375|
|Membership||Innovation|346||346|
|Investment||Fund|4,310||4,310|
|Welfare|Fund||8,000||8,000|
|Property|Repairs and Maintenance||750||750|
|Defined|Benefit Pension Scheme||1,988||1,988|
|Rothbury||||163|163|
||||18,769|163|18,932|





## 

|Group:||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds|
|||6'000|6'000|6'000|
|Funds balances at 31December 2022|||||
|are represented|by:||||
|Intangible<br>fixed assets||1,026||1,026|
|Tangible fixed assets||5,240||5,240|
|Investments||21,472||21,472|
|Loans to branches||125||125|
|Current assets||1,511|2,234|3,745|
|Current<br>liabilities||(3,952)||(3,952)|
|Creditors due after more than one year||(269)||(269)|
|Total net assets||25,153|2,234|27,387|
|Association:||Unrestdicted|Restricted|Total|
|||Funds|Funds|Funds|
|||6'000|6'000|6'000|
|Funds balances at 31December 2022|||||
|are represented|by:||||
|Intangible<br>fixed assets||1,015||1,015|
|Tangible fixed assets||4,651||4,651|
|Investments||21,275||21,275|
|Loans to branches||125||125|
|Current assets||1,770|2,069|3,839|
|Current<br>liabilities||(3,835)||(3,835)|
|Total net assets||25,002|2,069|27,071|





## 

|Group:||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds|
|||E'000|F.'000|6'000|
|Funds balances at 31December 2021|||||
|are represented|by:||||
|Intangible<br>fixed assets||1,302||1,302|
|Tangible fixed assets||5,983||5,983|
|Investments||25,265||25,265|
|Loans to branches||129||129|
|Current assets||2,947|2,341|5,288|
|Current<br>liabilities||(4,127)||(4,127)|
|Creditors due after more than one year||(269)||(269)|
|Total net assets||31,230|2,341|33,571|
|Association:||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds|
|||E'000|f'000|E'000|
|Funds balances at31December 2021|||||
|are represented|by:||||
|Intangible<br>fixed assets||1,302||1,302|
|Tangible fixed assets||5,389||5,389|
|Investments||25,265||25,265|
|Loans to branches||129||129|
|Current assets||3,025|2,241|5,266|
|Current<br>liabilities||(4,031)||(4,031)|
|Tota I net assets||31,079|2,241|33,320|





## 

|||||Group||Association||
|---|---|---|---|---|---|---|---|
|||||2022|2021|2022|2021|
|||||E'000|E'000|E'000|E'000|
|Net (expenditure)/income||||(5,528)|727|(5,595)|710|
|Adjustments<br>for:||||||||
|Gifted properties||||(380)|(1,015)|(380)|(1,015)|
|Contributions<br>to defined|benefit scheme|||(100)|p5)|(100)|(75)|
|Expenses borne by pension||scheme||66|73|66|73|
|Depreciation<br>charges||||248|281|206|239|
|Amortisation<br>charges||||350|326|350|326|
|Gain on sale ofinvestment||properties|||(10)|||
|Loss on disposal offixed assets||||92|10|60|29|
|Fair value (losses)/gains<br>on||investments||2,172|(2,780)|2,169|(2,780)|
|Deficit on intangible<br>assets|||||61||61|
|Investment<br>income||||(662)|(577)|(662)|(577)|
|Return on defined benefit|scheme assets|||(329)|(226)|(329)|(226)|
|Interest paid||||17|19|17|19|
|Interest on defined benefit||pension|liabilities|316|237|316|237|
|Decrease in assets for resale||||250|545|250|545|
|Decrease in stock||||98|43|||
|(Increase)/decrease<br>in debtors||||(116)|97|(135)|96|
|Increase/(decrease)<br>in creditors||||218|(298)|199|(273)|
|Net cash (used in) operating||activities||(3,288)|(2,562)|(3,568)|(2,611)|
|4. CASH AND CASH EQUIVALENTS||||||||
|||||Group||Association||
|||||2022|2021|2021|2020|
|||||E'000|F.'000|E'000|E'000|
|Cash and cash equivalents|represent:|||||||
|Cash at bank||||1,794|1,503|1,312|1,022|
|Cash held by investment|managers|||936|2,538|936|2,538|
|||||2,730|4,041|2,248|3,560|



## 

## 



## 

## 

## 

|The carrying amount|ofthe Group's|ofthe Group's|and Associations|financial|instruments|at|31December|were:||
|---|---|---|---|---|---|---|---|---|---|
||||||Group|||Association||
||||||2022||2021|2022|2021|
||||||E'000||E'000|E'000|E'000|
|Financial assets:||||||||||
|Equity instruments|measured|at fair value through||||||||
|net income/expenditure|||||18,625||22,263|18,428|22,263|



## 

|||2022|2021|
|---|---|---|---|
|||E'000|E'000|
|Investment|properties|80||
|Assets held|for resale|300|1,015|
|||380|1,015|





## 

|||Notes|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||E'000|E'000|E'000|
|INCOME:||||||
|Donations<br>and Legacies|||4,352|441|4,793|
|Donations —assets gifted from closed branches||28|1,015||1,015|
|Charitable<br>Activities:|||2,128|2,392|4,520|
|Other Trading Activities:||||||
|Trading income|||456||456|
|Grand<br>Draw and other fundraising|income||1,145||1,145|
|Investment<br>Income|||577||577|
|Total Income|||9,673|2,833|12,506|
|EXPENDITURE:||||||
|Cost of Raising Funds|||1,660||1,660|
|Charitable<br>Activities:||||||
|Residential<br>&Respite Care Home|||2,407||2,407|
|Friendship<br>&Welfare Support|||6,622|3,043|9,665|
|Grants||||||
|OtherSupport<br>Costs|||592||592|
|Other Expenditure:||||||
|Interest<br>Paid on Branch Deposits|||19||19|
|Interest on Defined Benefit Pension|Liabilities|||||
|Total Expenditure||7|11,311|3,043|14,354|





## 

|||Notes|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||6'000|f'000|E'000|
|Net gains on investment|assets|14(b)|2,575||2,575|
|Net (expenditure)/income|||937|(210)|727|
|Other recognised<br>losses:||||||
|Actuarial<br>losses on defined benefit pension scheme||11|839||839|
|Net movement<br>in funds|||1,776|(210)|1,566|
|Reconciliation of Funds||||||
|Total Funds Brought Forward|||29,454|2,551|32,005|
|Total Funds Carried Forward|||31,230|2,341|33,571|





## 

|||Notes|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||E'000|E'000|6'000|
|INCOME:||||||
|Donations<br>and Legacies|||4,352|441|4,793|
|Donations —assets gifted from closed branches||28|1,015||1,015|
|Charitable<br>Activities:|||331|2,392|2,723|
|Other Trading Activities:||||||
|Grand Draw and other fundraising|income||1,145||1,145|
|Investment<br>Income|||577||577|
|Total Income|||7,420|2,833|10,253|
|EXPENDITURE||||||
|Cost of Raising Funds|||1,030||1,030|
|Charitable<br>Activities:||||||
|Residential<br>& Respite Care Home|||2,355||2,355|
|Welfare Support|||5,062|3,035|8,097|
|Grants||||||
|OtherSupport<br>Costs|||606||606|
|Other Expenditure:||||||
|Interest<br>Paid on Branch Deposits|||19||19|
|Interest on Defined Benefit Pension|Liabilities|||||
|Total Expenditure|||9,083|3,035|12,118|





## 

|||Notes|Unrestricted|Restdicted|Total|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||f'000|f'000|f'000|
|Net gains on investment|assets|14(b)|2,575||2,575|
|Net (expenditure)/income|||912|(202)|710|
|Other recognised<br>losses:||||||
|Actuarial<br>losses on defined benefit pension scheme||11|839||839|
|Net movement<br>in funds|||1,751|(202)|1,549|
|Reconciliation of Funds||||||
|Total Funds Brought Forward|||29,328|2,443|31,771|
|Total Funds Carried Forward|||31,079|2,241|33&320|





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