## **Trustees' Annual Report for the period**
Period start date **Day Month Year 01 01 2021**
**To**
Period end date
**Day Month Year 31 12 2021**
## Section A Reference and administration details
**Branch name**
RAFA Cheltenham Branch
(referred to hereinafter as either the �������� or the ����������
**Other names / number Branch is known by**
**Registered charity number (if any)** 231667
**Branch's principal address** 1 Royal Crescent Cheltenham **Postcode** GL50 3DA
## **Names of the Branch charity trustees who manage the charity (generally known as the Branch Committee)**
||||||
|---|---|---|---|---|
|1
2
3|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**|
||Mike Bryant|Chairman|||
||Angela Hawley|Secretary|||
||Rick Oldham|Treasurer|||
||||||
|---|---|---|---|---|
|4
5
6
7
8|Moyne Blake|Branch Welfare
Officer, Wings Appeal
Organiser|||
||Keith Baalham|Membership Officer|||
||Dermot McCarthy|Building Custodian|From October 2021||
||Sue Power|Deputy Branch
Welfare Officer|Until September 2021||
||Sir Dusty Miller|Branch President|||
## **Names of any other trustees for the Branch (for example, any custodian trustees in relation to branch property)**
**Name Dates acted if not for whole year**
## **Names and addresses of advisers (Optional information)**
||||
|---|---|---|
|**Type of adviser**|**Name**|**Address**|
|RAFALO|Sgt Andy Molloy|Via MoD|
|Property manager|David Turner|Young and Gilling,
3 Crescent Terrace, Cheltenham, GL50 3PE|
|Branch Club representative
Until 31 July 2021|Chris Shepherd|1 Royal Crescent, Cheltenham, GL50 3DA|
|||RAFA HQ, Leicester|
|RAFA Branch Relationship
and Engagement Officer|Charlotte McGuin||
## **Section B Structure, governance and management**
**Description of the �������� trusts**
Royal Charter, Rules, Byelaws, Area and Branch Regulations of the Type of governing document Royal Air Forces Association. (e.g. trust deed, constitution) Unincorporated association. How the Branch charity is constituted (e.g. trust, association, company) Elected by the branch membership. Trustee selection methods (e.g. appointed by, elected by)
## **Additional governance issues (Optional information)**
You **may choose** to include additional information, where relevant, about:
- policies and procedures adopted for the induction and training of trustees;
- the �������� organisational structure and any wider network with which the charity works;
- relationship with any related parties (including branch club);
- ��������� consideration of major risks and the system and procedures to manage them.
## **��������� organisational structure**
The charity is a branch of the Royal Air Forces Association which is a Royal Charter body and registered as a charity in England and Wales under number 226686 and in Scotland under SC037673 �����
- �������������� The Association has many branches all of which share the same charitable object as the Association and are subject to the same constitution.
## **Related party relationships**
The Branch Club operated under a licence from the Branch. It was shut during the COVID pandemic and was formally closed down in July 2021.
The Branch Aviation History Group meets on alternate Thursdays in the Branch Conference Room.
- The Branch Welfare Officer also belongs to the Royal British Legion and helps coordinate welfare activities between the 2 charities.
## **Risk management**
The Branch has a Strategic Plan that is due to be reviewed in February 2022.
## **Section C Objectives and activities**
|||
|---|---|
|**Summary of the objects of the**
**branch set out in its governing**
**document**
**Summary of the main activities**
**undertaken for the public**
**benefit in relation to these**
**objects (include within this**
**section the statutory**
**declaration that trustees have**
**had regard to the guidance**
**issued by the Charity**
**Commission on public benefit)**|To promote, through the comradeship engendered by its members, the
welfare by charitable means of all serving and former members of Her
���������Air Forces, their spouses and dependents, together with the
widows and widowers and dependents of those who died whilst serving
or subsequently.|
||The COVID crisis continued to disrupt normal Branch activities in 2021,
but members were able to participate in scaled back local ceremonies
and functions to mark the Armed Forces Day, Battle of Britain Day and
Remembrance Day.
The RAFALO, who acts as the Branch standard bearer, together with
members of the committee continued to support local funerals when
requested and when restrictions allowed.
Thursday Wings coffee mornings continued when restrictions permitted
and this weekly event continues to provide an important meeting venue
for a small group of ageing veterans.
The Branch continues to support the RAFA HQ OP CONNECT
initiative.
The Branch Welfare Officer has provided support for members in the
local area needing stair lifts and mobility scooters and advice on benefit
entitlements.
The Branch Committee continued to employ a sympathetic policy
towards rent payments from commercial and residential tenants in the
RAFA premises for the duration of Covid-19 restrictions, but income
was maintained from all tenants apart from the RAFA Club.
The Branch committee held regular Zoom committee meetings since
restrictions were introduced and also held an AGM by Zoom on 25
February 2021.
The Branch committee was able to hold 2 social events to
commemorate the 100th birthdays of 2 of its members, the award of a
RAFA HQ commendation and to mark the retirement of the Branch
Administration Officer.
In addition the Branch held a���������and Mince pie' lunch in
December.|
**Additional details of objectives and activities (Optional information)**
You **may choose** to include further statements, where relevant, about:
The Branch committee has continued to provide financial support to local RAF Air Cadet Squadrons in the form of grants for specific projects and activities.
- policy on grant making;
- policy programme related investment;
- contribution made by volunteers.
Section D Achievements and performance
|||||
|---|---|---|---|
|**Summary of the main**
**achievements of the branch**
**during the year**|The main activity undertaken by the Branch this year has been to
commence a programme of maintenance and refurbishment. The
exterior of the building (a listed, rendered Regency end of terrace town
house) including the wooden sash windows, external doors, balcony,
canopy and roof were repaired and repainted. The car park perimeter
wall was rebuilt and the parking spaces remarked. Internally the damp
in the basement bar and entrance area was addressed and the bar
area redecorated together with the Resource Room and Ladies toilet.
A high definition digital projector, sound system and screen were also
installed in the main basement room to be used for presentations.
The basement area allows level access for members with mobility
issues.
Following a prolonged period of closure due to COVID, the RAFA Club
was unable to muster enough support from its members to form a
committee and had to cease operating.
The remaining funds were transferred to the Branch account once final
invoices had been paid and the bar staff had been paid their
redundancy packages.
The RAFA Club had been operating for 50 years and had accumulated
a considerable amount of material in the basement area. The Branch
committee employed a firm to clear out the basement and is now
considering options as to how best to use the space.
The Branch Committee submitted formal comments to HQ concerning
Resolutions at the Association Annual Conference.
The Branch Committee has continued to engage with its members by a
variety of measures including frequent e-Newsletters, posts on the
Branch web site, the Thursday morning Wings Café, phone calls,
occasional letters and a digital display in the Branch lounge.|||
|||||
|**Section E**|**Financial review**|||
|||||
|**Brief statement of the��������**
**policy on reserves**
**Details of any funds materially**
**in deficit**||||
|||With approved planned expenditure the Branch had approximately
£79,000 in its accounts at the end of 2021 against an estimated required
reserve of £97,000.
However, the Branch committee are reviewing the future use of the
basement area that used to be occupied by the Club and the Building
Custodian has compiled a list of projects for the whole building that will
need to be funded. It is anticipated that Branch funds will approach the
reserve figure by the end of 2022.||
|||No funds are in deficit||
**Further financial review details (Optional information)**
- The Branch premises contain commercial and residential units that are
- You **may choose** to include leased out and when fully occupied generate a gross income of about
- additional information, where £50k per annum.
- relevant about: � the �������� principal The net income after management fees, maintenance, cleaning, sources of funds (including insurance, utilities and Council Tax when applicable are deducted falls to any fundraising); about £25k per annum.
- � how expenditure has supported the key objectives One of the commercial tenants moved out of the building in the summer, of the branch; but a new tenant was quickly found.
- � investment policy and In December 21 the Branch Account held £79,153 and the Welfare Fund
- objectives including any held £18,541.
- ethical investment policy adopted.
The cost of the maintenance and refurbishment work to date has been £79842 and further expenditure of £9000 to address damp in the Rissington Room has also been approved. Expenditure on the Branch area of the building will be directed essential maintenance and the improvement in disabled facilities for the convenience and enjoyment of all Branch members.
## **Section F Other optional information**
## **Section G Declaration**
**The trustees declare that they have approved the ��������� report above.**
**Signed on behalf of the �������� trustees**
**Signature(s)**
**Full name(s)**
**Full name(s)** Michael K Bryant **Position (eg Secretary,** Branch Chairman **Chair, etc)**
**Date** 15 January 2022
Royal Air Forces Association Cheltenham Branch 1 Royal Crescent Cheltenham GL50 3DA 01242 524384 rafa.org.uk/cheltenham rafacheltenham@gmail.com
3 March 2022
## **ACCOUNTS OF THE CHELTENHAM BRANCH R.A.F. ASSOCIATION FOR THE YEAR ENDING 31 DECEMBER 2021**
Mr Oldham - Branch Treasurer - has provided the following report.
Our General Account balance on 31 December 2021 stood at £79,153. We started the year with £146,435 therefore an overall decrease in the current account of £67,282 from 2020 which was predominantly due to the property refurbishment.
Our main income is from rents. We have two flats, two offices, and Car Park spaces. We use Young and Gilling, Estate Agents as our agents and they arrange all lettings, investigations and repairs to the property. Due in main to Covid-19 limitations no rent was received from the Club prior to its closure in September however, we did receive £6,495 on closure of the Club accounts. Also as a result of Covid-19 there is an outstanding amount from tenants managed by Young and Gilling totalling £3,143 which should be cleared during early 2022.
Our other regular annual income is from our rebate from Membership fees from HQ RAFA for 2021 which totalled £1,226.
Our regular expenditure is for Utilities, Cleaners, Security Alarms, Building Insurance, Auditor fees and general repairs and maintenance. The utilities costs increased from September as the Branch assumed responsibility for the basement area due to the vacation by the Club.
Our major expenditure in 2021 has been the internal and external refurbishment projects totalling £79,842. The regular annual expenses concerning National and Area Conferences delegate fees and training were minimal this year as a result of the continued Covid-19 restrictions. Treasurer expenses totalled £67 which included transport, stationery, IT and postage.
The Welfare account began the year with £19,773 and ended the year with £18,541 a decrease of £1,232.
Income received was £520 from the RAF Benevolent Fund. Expenses were made up of Welfare Officer’s expenses of £269 for telephone calls, mileage and postage; client payments of £780 and BT Telephony costs £245.
**REGISTERED CHARITY NUMBER: 231667**
**Report of the Trustees and**
**Unaudited Financial Statements**
**For The Year Ended 31 December 2021**
**for**
**Royal Air Forces Association Cheltenham**
**Royal Air Forces Association Cheltenham**
## **Contents of the Financial Statements For The Year Ended 31 December 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|4|
|**Independent Examiner's Report**||5||
|**Statement of Financial Activities**||6||
|**Balance Sheet**||7||
|**Notes to the Financial Statements**|8|to|12|
|**Detailed Statement of Financial Activities**|13|to|14|
**Royal Air Forces Association Cheltenham**
## **Report of the Trustees For The Year Ended 31 December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Charity is a branch of the Royal Air Force Association which is a Royal Charter Body and registered as a charity in England and Wales under number 226686 and in Scotland under SC037673 ("the Association"). The Association has many branches all of which share the same charitable object as the Association and are subject to the same constitution.
## Related party relationships
The Branch Club operated under a licence from the Branch. it was shut during the COAVID pandemic and was formally closed down in July 2021.
The Branch Aviation History Group meets on alternate Thursdays in the Branch Conference Room.
The Branch Welfare Officer also belongs to the Royal British legion and helps coordinate welfare activities between the 2 charities.
## Risk Management
The Branch has a Strategic Plan that is due to be reviewed in February 2022.
## Objectives
To promote through the comradeship engendered by its members, the welfare by charitable means of all serving and former members of Her Majesty's Air Forces, their spouses and dependents, together with the widows and widowers and dependents of those who died whilst serving or subsequently
Page 1
**Royal Air Forces Association Cheltenham**
## **Report of the Trustees For The Year Ended 31 December 2021**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities**
The COVID crisis continued to disrupt normal Branch activities in 2021, but members were able to participate in scaled back local ceremonies and functions to mark the Armed Forces Day, Battle of Britain Day and Remembrance Day.
The RAFALO, who acts as the Branch standard bearer, together with members of the committee continued to support local funerals when requested and when restrictions allowed.
Thursday Wings coffee mornings continued when restrictions permitted and this weekly event continues to provide an important meeting venue for a small group of ageing veterans.
The Branch continues to support the RAFA HQ OP CONNECT initiative.
The Branch Welfare Officer has provided support for members in the local area needing stair lifts and mobility scooters and advice on benefit entitlements.
The Branch Committee continued to employ a sympathetic policy towards rent payments from commercial and residential tenants in the RAFA premises for the duration of Covid-19 restrictions, but income was maintained from all tenants apart from the RAFA Club.
The Branch Committee held regular Zoom Committee meetings since restrictions were introduced and also held an AGM by Zoom on 25 February 2021.
The Branch Committee was able to hold 2 social events to commemorate the 100th birthdays of 2 of its members, the award of a RAFA HQ commendation, and to mark the retirement of the Branch Administration Officer.
In addition the Branch held a 'Sandwich and Mince Pie' lunch in December.
## **Public benefit**
the Branch Committee has continued to provide financial support to local RAF Air Cadet Squadrons in the form of grants for specific projects and activities.
## **FINANCIAL REVIEW**
## **Reserves policy**
With approved planned expenditure the Branch had approximately £79,000 in its accounts at the end of 2021 against an estimated required reserve of £97,000.
However , the Branch Committee are reviewing the future use of the basement area that used to be occupied by the Club and the Building Custodian has compiled a list of projects for the whole building that will need to be funded. It is anticipated that Branch funds will approach the reserve figure by the end of 2022
The branch premises contain commercial and residential units that are leased out and when fully occupied generate a gross income of about £50K per annum.
The net income after management fees, maintenance, cleaning, insurance, utilities and Council Tax when applicable are deducted falls to about £25K per annum.
One of the commercial tenants moved out of the building in the summer, but a new tenant was quickly found.
In December 2021 the Branch Account held £79,153 in cash, and the Welfare Fund held £18,541 .
The cost of maintenance and refurbishment work to date has been £79,842 and further expenditure of £9,000 to address damp in the Rissington Room has also been approved.
Expenditure on the Branch area of the building will be directed to essential maintenance and the improvement in disabled facilities for the convenience and enjoyment of all Branch members.
Page 2
**Royal Air Forces Association Cheltenham**
## **Report of the Trustees For The Year Ended 31 December 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The main activity undertaken by the Branch this year has been to commence a programme of maintenance and refurbishment. The exterior of the building(a listed, rendered Regency end of terrace town house) including the wooden sash windows, external doors, balcony, canopy and roof were repaired and repainted. The car park perimeter wall was rebuilt and the parking spaces remarked. Internally the damp in the basement bar and entrance area was addressed and the bar area redecorated together with the Resource Room and Ladies Toilet. A high definition digital projector, sound system and screen were also installed in the main basement room to be used for presentations.
The basement area allows level access for members with mobility issues.
Following a prolonged period of closure due to COVID, the RAFA Club was unable to muster enough support from its members to form a committee and had to cease operating.
The remaining funds were transferred to the Branch account once final invoices had been paid and the bar staff had been paid their redundancy packages.
The RAFA Club had been operating for 50 years and had accumulated a considerable amount of material in the basement area . The Branch Committee employed a firm to clear out the basement and is now considering options on how best to use the space.
The Branch Committee submitted formal comments to HQ concerning Resolutions at the Association Annual Conference.
The Branch Committee has continued to engage with its members by a variety of measures including frequent e-Newsletters, posts on the Branch web site, the thursday morning Wings Cafe, phone calls, occasional letters and a digital display in the Branch lounge.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
231667
## **Principal address**
1 Royal Crescent Cheltenham Gloucestershire GL50 3DA
## **Trustees**
A M Sir G A Miller KBE Branch President Mr M K Bryant Branch Chairman Mr D McCarthy Building Custodian Vice Chairman Mr R C Oldham Treasurer Mrs A Hawley Secretary Mr K Baalham Membership Officer Mr H Smith (resigned 31.10.21) Mrs M J Blake Welfare Officer
## **Independent Examiner**
Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
Page 3
**Royal Air Forces Association Cheltenham**
## **Report of the Trustees For The Year Ended 31 December 2021**
Approved by order of the board of trustees on 3 February 2022 and signed on its behalf by:
Mr M K Bryant Branch Chairman - Trustee
Page 4
## **Independent Examiner's Report to the Trustees of Royal Air Forces Association Cheltenham**
## **Independent examiner's report to the trustees of Royal Air Forces Association Cheltenham**
I report to the charity trustees on my examination of the accounts of Royal Air Forces Association Cheltenham (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
P A Reynaert Kingscott Dix Limited Chartered Accountants Goodridge Court Goodridge Avenue Gloucester Gloucestershire GL2 5EN
5 March 2022
Page 5
## **Royal Air Forces Association Cheltenham**
## **Statement of Financial Activities For The Year Ended 31 December 2021**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
10,725
**Charitable activities**
Branch Property
37,582
Investment income
2
-
**Total**
48,307
**EXPENDITURE ON**
**Charitable activities**
Welfare
-
Branch Property
108,602
Branch Activities
1,976
**Total**
110,578
**NET INCOME/(EXPENDITURE)**
(62,271)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
229,341
**TOTAL FUNDS CARRIED FORWARD**
167,070|Restricted
fund
£
519
-
-
519
1,626
-
-
1,626
(1,107)
19,648
18,541|31.12.21
Total
funds
£
11,244
37,582
-
48,826
1,626
108,602
1,976
112,204
(63,378)
248,989
185,611|31.12.20
Total
funds
£
4,017
51,707
74
55,798
16,966
11,935
27,782
56,683
(885)
249,874
248,989|
|---|---|---|---|
The notes form part of these financial statements
Page 6
## **Royal Air Forces Association Cheltenham**
## **Balance Sheet**
## **31 December 2021**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
5
84,558
**CURRENT ASSETS**
Stocks
6
350
Debtors
7
3,789
Cash at bank
79,153
83,292
**CREDITORS**
Amounts falling due within one year
8
(780)
**NET CURRENT ASSETS**
82,512
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
167,070
**NET ASSETS**
167,070
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
fund
£
-
-
-
18,541
18,541
-
18,541
18,541
18,541|31.12.21
Total
funds
£
84,558
350
3,789
97,694
101,833
(780)
101,053
185,611
185,611
167,070
18,541
185,611|31.12.20
Total
funds
£
74,567
350
9,219
166,208
175,777
(1,355)
174,422
248,989
248,989
229,341
19,648
248,989|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 3 February 2022 and were signed on its behalf by:
Mr M K Bryant Branch Chairman - Trustee
The notes form part of these financial statements
Page 7
**Royal Air Forces Association Cheltenham**
## **Notes to the Financial Statements**
## **For The Year Ended 31 December 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
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.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance
The freehold property is shown in the balance sheet at cost which is so far below any market value that the trustees have not revalued it or sought to depreciate it on an annual basis.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 8
continued...
**Royal Air Forces Association Cheltenham**
## **Notes to the Financial Statements - continued For The Year Ended 31 December 2021**
## **2. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||31.12.21|31.12.20|
||£|£|
|Deposit account interest|-|74|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **4.**
## **COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
fund
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
1,941
**Charitable activities**
Branch Property
51,707
Investment income
74
**Total**
53,722
**EXPENDITURE ON**
**Charitable activities**
Welfare
15,100
Branch Property
11,935
Branch Activities
26,359
**Total**
53,394
**NET INCOME/(EXPENDITURE)**
328
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
229,013
**TOTAL FUNDS CARRIED FORWARD**
229,341|Restricted
fund
£
2,076
-
-
2,076
1,866
-
1,423
3,289
(1,213)
20,861
19,648|Total
funds
£
4,017
51,707
74
55,798
16,966
11,935
27,782
56,683
(885)
249,874
248,989|
|---|---|---|
Page 9
continued...
## **Royal Air Forces Association Cheltenham**
## **Notes to the Financial Statements - continued For The Year Ended 31 December 2021**
|**5.**
**TANGIBLE FIXED ASSETS**
Fixtures
Freehold
Plant and
and
property
machinery
fittings
£
£
£
**COST**
At 1 January 2021
73,731
4,008
22,193
Additions
-
-
12,005
At 31 December 2021
73,731
4,008
34,198
**DEPRECIATION**
At 1 January 2021
-
3,822
21,965
Charge for year
-
186
1,428
At 31 December 2021
-
4,008
23,393
**NET BOOK VALUE**
At 31 December 2021
73,731
-
10,805
At 31 December 2020
73,731
186
228
**6.**
**STOCKS**
Stocks
**7.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Prepayments and accrued income
**8.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Other creditors
**9.**
**MOVEMENT IN FUNDS**
At 1.1.21
£
**Unrestricted funds**
General fund
229,341
**Restricted funds**
Welfare Fund
19,648
**TOTAL FUNDS**
248,989|Computer
equipment
£
800
-
800
378
400
778
22
422
31.12.21
£
350
31.12.21
£
3,789
31.12.21
£
-
780
780
Net
movement
in funds
£
(62,271)
(1,107)
(63,378)|Totals
£
100,732
12,005
112,737
26,165
2,014
28,179
84,558
74,567
31.12.20
£
350
31.12.20
£
9,219
31.12.20
£
(1)
1,356
1,355
At
31.12.21
£
167,070
18,541
185,611|
|---|---|---|
Page 10
continued...
**Royal Air Forces Association Cheltenham**
## **Notes to the Financial Statements - continued For The Year Ended 31 December 2021**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|Incoming
resources
£
**Unrestricted funds**
General fund
48,307
**Restricted funds**
Welfare Fund
519
**TOTAL FUNDS**
48,826
**Comparatives for movement in funds**
At 1.1.20
£
**Unrestricted funds**
General fund
229,013
**Restricted funds**
Welfare Fund
20,861
**TOTAL FUNDS**
249,874
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
53,722
**Restricted funds**
Welfare Fund
2,076
**TOTAL FUNDS**
55,798|Resources
Movement
expended
in funds
£
£
(110,578)
(62,271)
(1,626)
(1,107)
(112,204)
(63,378)
Net
movement
At
in funds
31.12.20
£
£
328
229,341
(1,213)
19,648
(885)
248,989
Resources
Movement
expended
in funds
£
£
(53,394)
328
(3,289)
(1,213)
(56,683)
(885)|
|---|---|
Page 11
continued...
**Royal Air Forces Association Cheltenham**
## **Notes to the Financial Statements - continued For The Year Ended 31 December 2021**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Welfare Fund
**TOTAL FUNDS**|At 1.1.20
£
229,013
20,861
249,874|Net
movement
in funds
£
(61,943)
(2,320)
(64,263)|At
31.12.21
£
167,070
18,541|
|---|---|---|---|
||||185,611|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Welfare Fund
**TOTAL FUNDS**|Incoming
resources
£
102,029
2,595
104,624|Resources
Movement
expended
in funds
£
£
(163,972)
(61,943)
(4,915)
(2,320)
(168,887)
(64,263)|
|---|---|---|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
## **11. RESTRICTED FUNDS**
The welfare fund is held in a separate bank account and is held to provide not only monetary support to the RAF Family but also for the provision of advice and welfare services.
Page 12
## **Royal Air Forces Association Cheltenham**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Wings Appeal
Donations
Legacies
RAF Benevolent Fund
Subscriptions
Wings Appeal Rebate
**Investment income**
Deposit account interest
**Charitable activities**
Rents on surplus property
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Rates and water
Insurance
Light and heat
Postage and stationery
Rental expenses
Repairs
Property repairs
Printing and stationery
Subscriptions
Annual Conference
Secretarial expenses
Remembrance/Bof B day
Telephone
Sundries
Welfare officer expenses
Social Activities
Plant and machinery
Fixtures and fittings
Computer equipment
Grants to institutions
Grants to individuals
**Support costs**
**Governance costs**
Accountancy and legal fees|**Detailed Statement of Financial Activities**
**For The Year Ended 31 December 2021**
31.12.21
31.12.20
£
£
251
629
9,247
-
-
1,000
520
1,040
-
312
1,226
1,036
11,244
4,017
-
74
37,582
51,707
48,826
55,798
1,238
624
2,595
3,442
1,994
1,671
39
-
21,344
9,240
245
5,788
78,937
11,997
-
73
400
312
-
195
316
936
151
50
532
228
-
422
144
(134)
695
-
186
62
1,428
76
400
141
-
19,405
780
1,195
111,424
55,723
780
960|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 13
**Royal Air Forces Association Cheltenham**
|Total resources expended
**Net expenditure**|**Detailed Statement of Financial Activities**
**For The Year Ended 31 December 2021**
31.12.21
31.12.20
£
£
112,204
56,683
(63,378)
(885)|
|---|---|
|||
This page does not form part of the statutory financial statements
Page 14