## **Trustees' Annual Report for the period** Period start date Period end date 01 January 2025 31 December 2025 ## Section A: Reference and administration details **Branch Name** Cheltenham **Other names / number Branch is known by** ## **Registered charity number (if any)** 231667 **Branch's principal address** 1 Royal Crescent Cheltenham Gloucestershire GL50 3DA **Names of the Branch charity trustees who manage the charity (generally known as the Branch Committee) (Please include all trustees for the Branch including custodian trustees in relation to branch property)** _**(Note: Details required are for the period 1 Jan – 31 Dec 25 only)**_ |1
2
3
4
5
6
7
8|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**| |---|---|---|---| ||Michael Bryant|Chair|| ||Angela Hawley|Vice-Chair|Acting Treasurer from July
2025| ||Richard Osler|Secretary|Leader of Military History
Group| ||Stephen Poulton|Treasurer|Until July 2025, remained
Trustee| ||Sir Dusty Miller|Branch President|| ||Keith Baalham|Conference Delegate|Conference Delegate post
discontinued October 2025,
remained Trustee| ||Gordon Goodman|Building Custodian|| ||Moyne Blake|Welfare Officer|| |9
10|Nick Price||| |---|---|---|---| ||Emlyn Phennah|Until October 2025|Resigned as Trustee| ## Section B: Structure, governance and management ## **Description of the branch’s trusts** Royal Charter, Rules, Byelaws, Area and Branch Regulations of the Royal Type of governing document 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 branch’s
organisational
structure and any
wider network with
which the charity
works.
Relationship with
any related parties
(including branch
club).
Trustees’
consideration of
major risks and the
system and
procedures to
manage them.|The Charity’s 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”). The Association
has many branches all of which share the same charitable object as the
Association and are subject to the same constitution.| ||Trustee Induction & Training_(Please insert any induction_
_training or training courses completed by Trustees)_| ||Trustee Training Session November 2025 – Chairman and President.
Chairs’ Forum May 2025 – Chairman
How to be a Better Branch Chair (One-on-One format) September 2025 – Vice-
Chair
Wings Appeal Organiser Induction December 2025 - Treasurer
Treasurer’s Course - Treasurer| ||Related Party Relationships_(e.g. Club if operated)_| ||The Branch premises are used under a licence from the Branch by the
Cheltenham Guardians from Saturday evenings until early Sunday mornings.
The Guardians provide security and safeguarding services to vulnerable young
people in the Cheltenham evening and night time economy. The Branch’s
partnership with the Guardians is in furtherance of an approach to extend its
reach further into the community, build networks, develop its influence, work
closely with other charities, engage with partner organisations, raise its profile
and earn community goodwill. In this, it has been very successful.| Within a short distance of the Branch, Cheltenham Borough Council offices were used by the Cheltenham Constabulary to brief the Guardians and Street Pastors at the beginning of each Saturday night. However, following the closure and potential sale of the Council offices, the Branch has allowed as a goodwill gesture the Constabulary to use its premises for these briefings. The Branch premises are also used under licence by various sections of the Cheltenham U3A, the Cheltenham Branch of the RBL, Aden Veterans, RAFAC units and by the JSSU (Cheltenham). In addition, the premises are used on application by the Branch’s agents and for private functions. During Race Week 2025, the Branch was hired by the Cheltenham Borough Council for the “No Child Left Behind” project. After major Borough events such as Remembrance Sunday, Battle of Britain Sunday or VE/VJ Days, the branch hosts veterans, parade personnel and attendees for recovery and light refreshments. The Branch Welfare Officer is also the Welfare Officer of the Cheltenham Branch of the Royal British Legion and helps coordinate welfare activities between the 2 charities. Good working relationships have been established with Armed Forces Champions at Gloucestershire County Council and Cheltenham Borough Council. The Branch also has an active relationship with the Cheltenham Branch of the Aden Veterans’ Association. There is regular engagement with the Gloucestershire Armed Forces Covenant Trust. The Branch maintains excellent working relationships with the three RAF Air Cadet units in the Cheltenham area. The Branch President is the President for one of the units; the Branch Vice-Chair is a Civilian Instructor for the same unit. Cadets provide invaluable support to the Branch during Wings Appeal Week and at parades such as that at the Battle of Britain commemoration. The Branch Committee has continued to provide support to local RAF Air Cadet Squadrons, particularly in providing facilities for squadron events. Risk Management _(include details of any Risk Management documents held)_ The Branch has a Strategic Plan; this was updated in June 2023 and is due for review pending advice from HQ on Association strategy. The Branch also has a Personal Information Protection Policy and various other policies or protocols to underpin good governance. The following Committee members in 2025 had been DBS checked, mostly because of work with other organisations: Moyne Blake - Welfare Officer Emlyn Phennah Michael Bryant Sir Dusty Miller Gordon Goodman Richard Osler Angela Hawley Keith Baalham ## Section C: Objectives and Activities Summary of the To promote, through the comradeship engendered by its members, the welfare by objects of the charitable means of all serving and former members of Her Majesty’s Air Forces, their branch set out in spouses and dependents, together with the widows and widowers and dependents of its governing those who died whilst serving or subsequently. document ## Section D: Achievements and performance in 2025 |Summary of the
main
achievements of
the branch
during the@
year|Chair Report| |---|---| ||Branch members participated in local ceremonies and functions to mark Armed
Forces Day, VE Day, the Battle of Britain commemoration and Remembrance
Sunday. Additionally, the Branch Standard bearer has attended a number of national
or Association events.
Members of the Committee continued to support local military and RAF-associated
functions throughout the year. These included the funerals of a number of RAF
veterans, celebrating significant events in the lives of veterans or Branch members
(eg.the award of an Area Presidential Certificate to a Committee member) and
support visits to local care homes.
Thursday Wings coffee mornings carried on throughout the year and this weekly
event provides an important meeting venue for a small group of aging veterans.
The Branch Aviation History Group, now termed the Military History Group, meets on
the fourth Thursday of every month in the Branch lounge.
The Branch donated just over £1,500 to the Association’s Wings Appeal and £5000
to an Association project to turn the Eastbourne Branch premises into residential flats
for RAF veterans.
The Branch Welfare Officer provided support for members and beneficiaries in the
local area needing advice on benefit entitlements, disabled badges and claiming
medals.
A series of “Sandwich Lunches” were held throughout the year and which, together
with the Wings Café and Military History Group meetings were aimed at least
partially at combatting loneliness and social isolation amongst Branch members and
beneficiaries. A series of monthly of Curry Lunches to augment the Sandwich
Lunches has been continued. During the winter months, the lounge was and will
continue to be kept open to provide a “warm space”.
The Branch now provides members and beneficiaries with at least one event or
activity every Thursday.
The Branch Committee has pursued its important objective of engaging with
members by a variety of measures including frequent e-Newsletters, posts on the
Branch web site, Facebook, the Thursday morning Wings Café and phone calls. Of
note is that both the Branch and the Military History Group have separate Facebook
pages to cater for the interests of different audiences. These have proved to be in
frequent use and well-populated by posts and comments.| An increasing number of outside organisations and groups are using the premises for functions such as family events, Annual General Meetings and society meetings. In addition to raising the profile of the Branch and Association, this raises revenues. Throughout the year, the Branch has had a full range of activities that, in aggregate, provide the following “footprint” in the locale and sometimes wider afield. These are outlined in the following “bullet points: Ceremonial – parades and events (BoB, Remembrance Sunday). Collaboration – burden sharing with other organisations. Commemoration – funerals, memorials. Community awareness – raising profile and reputation locally. Fund-raising – Wings Appeal, sponsorships. Liaison – networking for mutual assistance. RAFAC Youth support – sponsoring and helping RAFAC units. Social – lunches, sporting activities, breakfasts. Welfare – triage. Well-being – contact calls, advice, entertainment. The Committee determined that the Branch was particularly well-placed to provide friendship and comradeship to Branch members and beneficiaries, and to alleviate their loneliness and social isolation. Many of the items set out in the “Summary of the main activities” section above and the “footprint” were in explicit support to this focus. Further maintenance and refurbishment on the premises was carried out throughout the year. These were primarily to enhance the existing facilities and preserve the fabric of the building, thus maintaining its value. RAFA Conference 2024 unanimously approved a Cheltenham Resolution to improve openness and balance in future consultations. However, by the end of 2025 no new mechanisms had been introduced, and current conference discussions involve only a diminutive proportion of members. The Trustees are deeply disappointed that there has been so little regard for the overwhelming view of the Association membership and view this as a missed opportunity for wider engagement between members, branches and Council. ## Treasurer Report The Branch funds remain healthy with accounts as follows: General Account = £63566.62 (as at 31 Dec 25) Welfare Account = £1072.04 (as at 31 Dec 25) Wings Account = £0 (as at 31 Dec 25) Investment Account = £2000.00 (as at 31 Dec 25) The year has a seen an income of rent from the Property of £4300.00 monthly/ £52000.00 annually. The branch currently has a liability for the External Auditors bill. Following advice from RAFA HQ, we are considering merging the Welfare and General Accounts in 2026. Summary of Branch Welfare Officer Report the main Comments by Branch Chairman: achievements of the branch The Branch Welfare officers states that she had one Welfare case referred to her by during the year RAFA HQ in 2025. This involved the payment of funeral expenses and was dealt with (cont) in partnership with her equivalent colleague in another branch. Branch Welfare (and Wellbeing) activities are set out in previous sections. Fundraising Report _(please insert details of the Branch Fundraising activities i.e. Wings Appeal events)_ The Branch has been fundraising for the Association, raising a total of £1507.93 in 2025 for the Wings Appeal. The team attended the following events: Wings Coffee Mornings - once a week at the Branch 28 Jun 25 – Jet Age Museum for Armed Forces Day (Fundraising Stall) 20 Sept 25 – Cheltenham Town Centre Street Collection. The Street collections were extremely successful with the support of 125 Sqn and 2322 Sqn RAFAC. Membership Engagement Report _(please insert details of the Branch Membership Engagement (newsletters, social media etc.)_ Covered in previous sections. **----- Start of picture text -----**
Summary of Wellbeing / Social Report (please insert details of the Branch
the main Wellbeing and Social events/activities)
achievements Covered in previous sections.
of the branch
during the year
(cont)
Commemoration Report (please insert details of the Branch
Commemoration events/activities (Remembrance, Standard Bearers
Attendance at Funerals etc.)
Covered in previous sections.
Community Engagement Report (please insert details of the Branch
Community Engagement activities (other groups you connect with, joint events
such as Veterans Breakfasts)
Covered in previous sections.
**----- End of picture text -----**
## Section E: Financial Review Statement on Branch Expenditure _(How has branch expenditure supported the key objectives of the branch)_ Activities set out in previous sections were to meet Branch objectives and were supported by expenditure from the General and Welfare Accounts. Statement on Branch’s Reserve Policy ( _Branch Regulations stipulate that any Branch with total assets amounting to more than £5,000 should have a reserves policy and any Branch with assets over £10,000 should consider transferring excess funds across to the Branch Deposit Fund held at Association HQ. A template reserves policy can be found on the Branch Portal)_ The Branch agrees that, in 2026 it will hold no more than £20,000 in reserve at any given time; this is based on non-discretionary expenditures over the last three to five years. This is to cover: - Unexpected non-discretionary demands. - A shortfall in income (for example, from tenancy issues). - Liabilities should the Branch close. The reserve is held in an Investment Account which also serves as the Branch’s principal financial investment. Statement on Branch’s Investment Policy ( _Please include a statement on Branch investments and holdings and how these are managed (if applicable))_ See Treasurer’s Report ## Section F: Declaration We confirm that trustees have had regard to the guidance issued by the Charity Commission on public benefit The trustees declare that they have approved the trustees’ report above. Signed on behalf of the branch’s trustees We confirm that trustees have had regard to the guidance issued by the relevant Charity Regulator on public benefit. The trustees declare that they have approved the trustees’ report above. Signed on behalf of the branch’s trustees **Signature** Michael K Bryant **Full Name** Chairman **Position (eg. Chair, Secretary)** 28 March 2026 **Date** Royal Air Forces Association Cheltenham Branch 1 Royal Crescent Cheltenham GL50 3DA 01242 524384 https://branch.rafa.org.uk/cheltenham/ rafacheltenham@gmail.com 28 March 2026 To Members of the Cheltenham Branch, ## **Treasurer’s Report to AGM 2026** ## **ACCOUNTS OF THE CHELTENHAM BRANCH R.A.F. ASSOCIATION FOR THE YEAR ENDING 31 DECEMBER 2026** The Branch Treasurer has provided the following report. The Branch funds remain healthy with accounts as follows: General Account = £63566.62 (as at 31 Dec 25) Welfare Account = £1072.04 (as at 31 Dec 25) Wings Account = £0 (as at 31 Dec 25) Investment Account = £2000.00 (as at 31 Dec 25) The year has a seen an income of rent from the Property of £4300.00 monthly/ £52000.00 annually. The branch currently has a liability for the External Auditors bill. A full breakdown of income and expenditures can be found in spread sheets RAFA Chelt Accounts 2025 (1 Jan 25 – 31 Dec 25) and RAFA Welfare Acct 2025 which are posted on the Branch web site (https://branch.rafa.org.uk/cheltenham/branch-annual-general-meeting-agm-2026/). Should they be needed, these are available to other organisations on request. ## Fundraising report: The Branch has been fundraising for the Association, raising a total of £1507.93 in 2025 for the Wings Appeal. The team attended the following events: Wings Coffee Mornings - once a week at the Branch 28 Jun 25 – Jet Age Museum for Armed Forces Day (Fundraising Stall) 20 Sept 25 – Cheltenham Town Centre Street Collection The Street collections were extremely successful with the support of 125 Sqn and 2322 Sqn RAFAC. Angela Hawley Treasurer RAFA Cheltenham Branch # **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025** ## **FOR** **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH (REGISTERED CHARITY NUMBER: 231667)** **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES** – I report to the charity trustees on my examination of the accounts of The Royal Air Forces Association Cheltenham Branch for the year ended 31 December 2025. ## **Responsibilities and basis of report** As the charity trustees 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 Charity’ 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. Robert Harris FCA Kingscott Dix (Cheltenham) Limited Chartered Accountants 7 Rockfield Business Park Old Station Drive Leckhampton Cheltenham GL53 0AN 2 February 2026 **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **for the Year Ended 31 December 2025** |Notes
**INCOME FROM**
**Donations and legacies**
Donations
2
**Charitable activities**
Welfare
Branch property
3
**Total**
**EXPENDITURE ON**
**Charitable activities**
Welfare
Branch property
Branch activities
**Total**
4
**NET INCOME /**
**(EXPENDITURE)**
Transfers between funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
10|**2025**
**2025**
**2025**
**2025**
Unrestricted
Designated
Restricted
Total
Fund
Fund
Fund
Funds
£
£
£
£
4,313
-
-
4,313
-
-
258
258
52,796
-
-
52,796
57,109
-
258
57,367
-
-
2,538
2,538
31,194
-
-
31,194
9,820
-
-
9,820
41,014
-
2,538
43,552
**16,095**
**-**
**(2,280)**
**13,815**
(22,533)
20,000
2,533
-
148,882
-
819
149,701
142,444
20,000
1,072
163,516|**2024**
Total
Funds
£
2,815
1,339
50,273| |---|---|---| |||54,427| |||3,280
78,706
7,716| |||89,702| |||**(35,275)**
-
184,976| |||149,701| **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **BALANCE SHEET** ## **As at 31 December 2025** |Notes
**Fixed assets**
Tangible assets
7
**Current assets**
Stocks
Debtors
8
Cash at bank
**Creditors**
Amounts falling due
within one year
9
**Net current assets**
**Total assets less**
**current liabilities**
**NET ASSETS**
**FUNDS**
Unrestricted funds
Designated funds
11
Restricted funds
13
**TOTAL FUNDS**
10|**2025**
**2025**
**2025**
Unrestricted
Designated
Restricted
Fund
Fund
Fund
£
£
£
78,083
-
-
350
-
-
1,560
-
-
63,567
20,000
1,072
(1,116)
-
-|**2025**
Total
Funds
£
78,083
350
1,560
84,639
(1,116)
163,516
163,516
**163,516**
142,444
20,000
1,072
**163,516**|**2024**
Total
Funds
£
79,257
350
977
70,510
(1,393)| |---|---|---|---| ||142,444
20,000
1,072
142,444
20,000
1,072||149,701
187,571| ||**142,444**
**20,000**
**1,072**||**149,701**| ||||148,882
-
819| ||||**149,701**| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: 9 Feb 26 ............................................. Mr M K Bryant Branch Chairman - Trustee **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2025** ## **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, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK ’, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The functional and presentational currency of the charity is British Sterling (£). The charity is a public benefit entity. ## **Reduced disclosure exemptions** The charity has taken advantage of the disclosure exemption permitted by FRS 102, not to prepare a Statement of Cash Flows. ## **Judgements and estimation uncertainty** No significant judgements nor estimations have been used in preparing the financial statements. ## **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. ## **Tangible fixed assets** Depreciation is provided at the following annual rates to write off each asset over its estimated useful life. Plant and machinery 25% reducing balance Fixtures and fittings 25% reducing balance ## **Stocks** Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. ## **Taxation** The charity is exempt from corporation 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. ## **Financial instruments** The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **2. DONATIONS** |Wings appeal
Donations
**3.**
**BRANCH PROPERTY**
Rents received
Room hire|**2025**
**£**
2,919
1,394
4,313
**2025**
**£**
51,696
1,100
52,796|**2024**
**£**
1,491
1,324
2,815
**2024**
**£**
49,696
577
50,273| |---|---|---| ## **4. EXPENDITURE** |**Charitable activities**
Welfare
Branch property
Branch activities
Total 2025
Total 2024|**Direct**
**Costs**
**£**
2,538
31,194
-
33,732
81,986|**Staff**
**Costs**
**£**
-
-
-
-
-|**Support**
**Costs**
**£**
-
-
9,820
9,820
7,716|**2025**
**Total**
**£**
2,538
31,194
9,820
43,552|**2024**
**Total**
**£**
3,280
78,706
7,716
89,702| |---|---|---|---|---|---| Direct costs are the costs incurred by the charity to achieve its objectives. Support costs are the costs incurred in the general running of the organisation. ## **5. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits during the current or previous year. Trustees were reimbursed expenses of £1,625 during the year (£1,683 in the prior year). ## **6. TAXATION** The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **7. TANGIBLE FIXED ASSETS** |COST
At 1 January
Additions
Disposals
31 December
DEPRECIATION
At 1 January
Charge for year
Eliminated
At 31 December
NET BOOK VALUE
At 1 January
At 31 December|**Freehold**
**property**
**£**
73,731
-
-
73,731
-
-
-
-
73,731
73,731|**Plant &**
**machinery**
**£**
4,008
-
(4,008)
-
4,008
-
(4,008)
-
-
-|**Fixtures &**
**Fittings**
**£**
35,526
-
-
35,526
30,000
1,548
-
31,548
5,526
3,978|**Computer**
**equipment**
**£**
800
499
(800)
499
800
125
(800)
125
-
374|**Total**
**£**
114,065
499
(4,808)
109,756
34,808
1,673
(4,808)
31,673
79,257
78,083| |---|---|---|---|---|---| Freehold property is mixed-use, in part used by the charity, and in part let to generate income. It is shown within tangible fixed assets, as the fair value of the investment property component cannot be measured reliably. Consequently, the whole of freehold property is recognised at cost. The freehold property was bought by members post World War II, thus its market value at the balance sheet date is considerably more than its original cost. |**8.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors|**2025**
**£**
1,560
1,560
**2025**
**£**
1,116
1,116|**2024**
**£**
977
977
**2024**
**£**
1,393
1,393| |---|---|---| **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **10. MOVEMENT IN FUNDS** |UNRESTRICTED
General fund
Designated fund
RESTRICTED
Welfare fund
TOTAL FUNDS
UNRESTRICTED
General fund
Designated fund
RESTRICTED
Welfare fund
TOTAL FUNDS|**At**
**31.12.2024**
**£**
148,882
-
148,882
819
149,701
**At**
**31.12.2023**
**£**
184,222
-
184,222
754
184,976|**Incoming**
**resources**
**£**
57,109
-
57,109
258
57,367
**Incoming**
**resources**
**£**
53,088
-
53,088
1,339
54,427|**Resources**
**expended**
**£**
(41,014)
-
(41,014)
(2,538)
(43,552)
**Resources**
**expended**
**£**
(86,422)
-
(86,422)
(3,280)
(89,702)|**Transfers**
**£**
(22,533)
20,000
(2,533)
2,533
-
**Transfers**
**£**
(2,006)
-
(2,006)
2,006
-|**At**
**31.12.2025**
**£**
142,444
20,000
162,444
1,072
163,516
**At**
**31.12.2024**
**£**
148,882
-
148,882
819
149,701| |---|---|---|---|---|---| ## **11. RELATED PARTY DISCLOSURES** The Branch forwards donations received under the Wings Appeal to The Royal Air Force Association, and in turn receives a rebate for local welfare use. During the year donations were remitted of £1,508 and rebates were received of £1,297. During the year, the Branch donated £5,000 to The Royal Air Force Association Housing. ## **12. DESIGNATED FUNDS** The Trustees has recognised a designated fund of £20,000 to cover the estimated costs likely to be incurred if the Branch were ever to close. Such funds are held in a separate bank account. ## **13. RESTRICTED FUNDS** The welfare fund is held in a separate bank account and is held to provide monetary support to the RAF Family and for the provision of advice and welfare services. **THE ROYAL AIR FORCES ASSOCIATION – CHELTENHAM BRANCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2024** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Wings appeal
Donations
**Charitable activities**
Rents received
Rom hire
Social activities
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Rates and water
Insurance
Light and heat
Letting charges
Property repairs
Cleaning
Professional fees
Sundries
Deprecation
Subscriptions
Annual conference
Remembrance events
Telephone
Accountancy and legal fees
Sundries
Bank charges
Donations
Welfare Officer expenses
Welfare activities
Grants to institutions
**Total resources expended**
**NET INCOME / (EXPENDITURE)**|**2025**
**£**
2,919
1,394
4,313
51,696
1,100
258
**57,367**
2,216
3,827
4,392
9,264
7,148
1,892
-
782
1,673
27
127
524
1,277
1,146
1,672
47
5,000
75
955
1,508
**43,552**
**13,815**|**2024**
**£**
1,491
1,324
2,815
49,696
577
1,339
**54,427**
1,730
4,106
4,799
8,484
50,949
4,719
1,320
646
1,953
27
546
3,631
1,293
1,080
1,139
-
-
108
1,172
2,000
**89,702**
**(35,275)**| |---|---|---|