| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Income from: | Note | ||||
| Subscriptions Legacy income |
181,591 44,422 |
181,996 | |||
| Investments: | |||||
| Invested funds Bank deposits |
2 | 213,496 | 209,036 269 |
||
| Total income | 439,509 | 391,301 | |||
| Expenditure on: |
|||||
| Expenditure on charitable |
activity | 3 | ~358574 | ~281 721 | |
| Net operating income |
130,935 | 99,580 | |||
| Net gains on investment | assets | 958212 | 405980 | ||
| Net income and net movement | in funds | 1,089,147 | 505,560 | ||
| Fund balance brought forward |
7,017,317 | 6,511,757 | |||
| Fund balance carried forward | 8106464 | 7017317 |
| ncome from investments is shown gross ofrecoverable income Expenditure on charitable activity |
tax. | ||
|---|---|---|---|
| 2021 | |||
| 8 | f | ||
| Death payments | 280,000 | 262,500 | |
| Staff costs | 23,592 | 22,863 | |
| Support costs: | |||
| Administrative expenses |
41 | 41 | |
| Other expenses | 106 | 1,142 | |
| Governance -audit fee |
4,835 | 5,175 | |
| 308.574 | 291 721 | ||
| taff costs and other expenses are payable to RAF Benevolent | Fund. | ||
| taff costs include: | |||
| 2021 | 2020 | ||
| 8 | 8 | ||
| Wages and salaries | 19,691 | 19,103 | |
| Pension costs | 1,983 | 1,897 | |
| Social security | 1,918 | 1,863 | |
| 23,592 | 22,883 | ||
| 12 |
| Fixed asset investments | ||
|---|---|---|
| Movements in investments during the period: |
2021 | |
| Market value at beginning ofperiod Net gains on revaluation Market value at end ofyear |
E 6,725,445 958,212 7,883,857 |
E 6,319,465 405,980 6,725,445 |
| Analysis ofinvestment: | ||
| Market value | ||
| COLA - COIF Charity Funds | 7,683,657 | 6,725,445 |
| 2021 | ||||||
|---|---|---|---|---|---|---|
| Members' subscriptions receivable Investment dividend receivable Legacy income accrued |
E 14,859 50,583 44,422 |
14,801 48,601 |
||||
| 109,884 | 83,402 | |||||
| Creditors | ||||||
| 2021 | 2020 | |||||
| Audit fee accrual Death grant accrued Due to The Royal Air |
Force Benevolent | Fund | 4,800 3928 |
4,440 17,500 3.042 |
||
| 8726 |