THE ROYAL AIR FORCE BENEVOLENT FUND

Charity number: 207327
Charity reporting is up to date (90 days late)

Charity overview

Activities - how the charity spends its money

Restricted and endowed funds of Charity no 1081009

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£729,101

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Donations and legacies £729.10k
Charitable activities £0
Other trading activities £0
Investments £0
Other £0

Total expenditure:
£895,991

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Raising funds £0
Charitable activities £895.99k
Other £0

£11,000 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £0
Charitable expenditure £895.99k

People

1 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
  • Accommodation/housing
  • Other Charitable Purposes
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • Other Defined Groups
How the charity helps:
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 29 January 1968: Standard registration
  • 07 January 2008: Removed (Funds spent (by trustees))
Organisation type:
Other
Other names:

No other names

Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

1 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
THE ROYAL AIR FORCE BENEVOLENT FUND Trustee
THE ROYAL AIR FORCE DEPENDANTS FUND
Received: On time

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £454.00k £989.00k £1.09m £1.13m £729.10k
Total expenditure £1.53m £2.29m £1.01m £1.47m £895.99k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A £43.00k N/A
Income - Donations and legacies N/A £857.00k £869.00k £858.00k £729.10k
Income - Other trading activities N/A £0 £0 £0 £0
Income - Charitable activities N/A £20.00k £0 £0 £0
Income - Endowments N/A £0 £0 £0 £0
Income - Investment N/A £112.00k £216.00k £225.00k £0
Income - Other N/A £0 £0 £43.00k £0
Income - Legacies N/A £324.00k £487.00k £347.00k £146.59k
Expenditure - Charitable activities N/A £2.28m £1.01m £1.46m £895.99k
Expenditure - Raising funds N/A £11.00k £0 £13.00k £0
Expenditure - Governance N/A £0 £0 £0 £0
Expenditure - Grants institution N/A £520.00k £0 £1.46m £0
Expenditure - Investment management N/A £0 £0 £0 £0
Expenditure - Other N/A £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets N/A £272.00k £129.00k £0 £0
Long-term investments N/A £3.21m £2.92m £2.05m £2.66m
Other assets N/A £2.25m £2.81m £3.09m £2.32m
Defined benefit pension scheme asset or liability N/A £0 £0 £0 £0
Total liabilities N/A £0 £0 £0 £0

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 29 January 2025 90 days late
Accounts and TAR 31 December 2023 29 January 2025 90 days late Download Open in new window
Annual return 31 December 2022 28 January 2025 455 days late
Accounts and TAR 31 December 2022 28 January 2025 455 days late Download Open in new window
Annual return 31 December 2021 20 October 2022 On Time
Accounts and TAR 31 December 2021 20 October 2022 On Time Download Open in new window
Annual return 31 December 2020 22 October 2021 On Time
Accounts and TAR 31 December 2020 22 October 2021 On Time Download Open in new window
Annual return 31 December 2019 30 October 2020 On Time
Accounts and TAR 31 December 2019 30 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

SCHEME OF THE HIGH COURT OF JUSTICE OF 21 JULY 1948 AS AFFECTED BY SCHEME OF THE COMMISSIONERS OF 29 DECEMBER 2000 AS AMENDED BY ORDERS DATED 7 DECEMBER 2005. THE CHARITY IS LINKED TO 1081009 UNDER S.96(5) FOR ACCOUNTING PURPOSES ONLY.

Charitable objects

A) THE MAINTENANCE, UPKEEP AND REPAIR OF THE WAR MEMORIAL KNOWN AS THE RAF MEMORIAL SITUATED AT VICTORIA EMBANKMENT LONDON. B) THE RELIEF AND ASSISTANCE BY ALL AVAILABLE MEANS OF ALL OF ANY OF THE FOLLOWING CLASSES OF BENEFICIARIES WHO ARE IN NEED OF SUCH RELIEF OR ASSISTANCE BY REASON OF POVERTY DISABILITY SICKNESS INFIRMITY OR OTHERWISE NAMELY: (I) ALL PERSONS OF ALL RANKS WHO ARE OR HAVE OR SHALL HAVE AT ANY TIME OR SHALL BE MEMBERS OF THE ROYAL AIR FORCE, THE AUXILIARY AIR FORCE, THE ROYAL AIR FORCE RESERVES,THE WOMEN'S ROYAL AIR FORCE AND THE WOMEN'S AUXILIARY AIR FORCE OR ANY SEPARATE DOMINION AIR FORCE OR MEMBERS OF ANY FORMER ORGANISATION THE PLACE OF WHICH HAS SUBSTANTIALLY BEEN TAKEN BY THE SAID ORGANISATIONS OR ANY OF THEM OR MEMBERS OF ANY FUTURE ORGANISATIONS WHICH HEREAFTER SHALL SUBSTANTIALLY TAKE THE PLACE OF THE SAID ORGANISATIONS OR ANY OF THEM. (II) ALL PERSONS WHO SHALL AT ANY TIME HAVE BEEN OR BE WIDOWS CHILDREN OR OTHER DEPENDANTS OF ANY OF THE PERSONS ABOVE REFERRED TO PROVIDED THAT IN ORDER TO QUALIFY FOR SUCH RELIEF OR ASSISTANCE A MEMBER OR FORMER MEMBER OF A SEPARATE DOMINION AIR FORCE OR THE WIDOW OR OTHER DEPENDANT OF SUCH MEMBER OR FORMER MEMBER AS THE CASE MAY BE MUST AT THE TIME OF THE RELIEF OR ASSISTANCE BE NORMALLY RESIDENT IN THE UNITED KINGDOM. THE CHARITY IS LINKED TO 1081009 UNDER S.96(5) FOR ACCOUNTING PURPOSES ONLY.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Linked charities

Linked charities
Linked charity 207327-23 ADELAIDE CATHERINE LOSCO FUND
Governing document
EXTRACTS FROM MINUTES HELD ON 24 OCTOBER 1967
Charitable objects
FOR THE BENEFIT OF THE BRITISH AIRMEN DISABLED AND DEPENDANTS OF SUCH AIRMEN WHO DIED IN THE 1939 WAR.
Area of benefit
NOT DEFINED
Registration history
  • 29 January 1968 : Standard registration
  • 07 January 2008 : Removed

Contact information

Address:
ROYAL AIR FORCE BENEVOLENT FUND
67 PORTLAND PLACE
LONDON
W1B 1AR
Phone:
02073073301
Email:
mail@rafbf.org.uk
Website:

www.rafbf.org Open in new window