## 

## 

## 

## 

## 

## 

## 



## 



## 

## 



## 

## 



## 

## 

## 

## 

## 



## 



## 

## 

## 



|||||2021|2020|
|---|---|---|---|---|---|
|Income from:|||Note|||
|Subscriptions<br>Legacy income||||181,591<br>44,422|181,996|
|Investments:||||||
|Invested funds<br>Bank deposits|||2|213,496|209,036<br>269|
|Total income||||439,509|391,301|
|Expenditure<br>on:||||||
|Expenditure<br>on charitable|activity||3|~358574|~281 721|
|Net operating<br>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<br>forward||||7,017,317|6,511,757|
|Fund balance carried forward||||8106464|7017317|








## 

## 

## 

## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

|ncome from investments<br>is shown gross ofrecoverable<br>income<br>Expenditure<br>on charitable<br>activity|tax.|||
|---|---|---|---|
|||2021||
|||8|f|
|Death payments||280,000|262,500|
|Staff costs||23,592|22,863|
|Support costs:||||
|Administrative<br>expenses||41|41|
|Other expenses||106|1,142|
|Governance<br>-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<br>in investments<br>during the period:|2021||
|Market value at beginning<br>ofperiod<br>Net gains on revaluation<br>Market value at end ofyear|E<br>6,725,445<br>958,212<br>7,883,857|E<br>6,319,465<br>405,980<br>6,725,445|
|Analysis ofinvestment:|||
|Market value|||
|COLA - COIF Charity Funds|7,683,657|6,725,445|



## 

||||||2021||
|---|---|---|---|---|---|---|
|Members'<br>subscriptions<br>receivable<br>Investment<br>dividend<br>receivable<br>Legacy income accrued|||||E<br>14,859<br>50,583<br>44,422|14,801<br>48,601|
||||||109,884|83,402|
|Creditors|||||||
||||||2021|2020|
|Audit fee accrual<br>Death grant accrued<br>Due to The Royal Air||Force Benevolent||Fund|4,800<br>3928|4,440<br>17,500<br>3.042|
||||||8726||



## 

##