THE ROYAL AIR FORCE CHARITABLE TRUST

Charity Number: 1176054
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

The Mission of the Royal Air Force Charitable Trust is to Promote the RAF and Inspire young people and RAF personnel to fulfil their potential in air, space and technology . This is achieved through the staging of the Royal International Air Tattoo annually and by the awarding of grants for flying scholarships and national STEM initiatives which are delivered throughout the year.

Income and expenditure

Data for financial year ending 30 September 2023

Total income:
£15,310,451

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £151.56k
Charitable activities £0
Other trading activities £15.02m
Investments £140.01k
Other £0

Total expenditure:
£13,572,628

Text alternative for this canvas graphic is in the data table below.
Raising funds £13.30m
Charitable activities £274.75k
Other £0

£0 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 £13.30m
Charitable expenditure £274.75k
Retained for future use £1.74m

People

46 Employee(s)

10 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Education/training
  • Armed Forces/emergency Service Efficiency
Who the charity helps:
  • Children/young People
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 17 October 1962: Standard registration
Organisation type:
CIO
Other names:

No other names

Gift aid:
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
  • Volunteer management
Land and property:
This charity owns and/or leases 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

10 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Air Marshal Philip Osborn CBE Chair 12 March 2020
None on record
Miles Cohen Trustee 05 December 2024
None on record
Simon Kimble Trustee 13 October 2023
None on record
Amanda Hickson Trustee 13 October 2023
None on record
Richard Nugee CB CVO CBE Trustee 02 March 2023
None on record
Stephen Oldfield Trustee 16 September 2021
None on record
Sir Julian Young KBE CB Trustee 17 September 2020
None on record
Lady KATE LOUISE NIELSON WIGSTON LLB BA Trustee 13 June 2019
None on record
Felicity Chadwick-Histed Trustee 13 June 2019
None on record
Raj Mody MA FIA Trustee 13 June 2019
None on record

Financial history

" role="img"> Text alternative for this canvas graphic is in the data table below.

Financial period end date

Income / Expenditure 29/02/2020 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Total gross income £12.14m £2.03m £608.88k £13.55m £15.31m
Total expenditure £11.55m £2.29m £2.55m £11.86m £13.57m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £545.20k £359.69k £373.89k £28.48k £151.56k
Income - Other trading activities £0 £0 £0 £13.51m £15.02m
Income - Charitable activities £11.57m £433.68k £234.38k £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £26.79k £8.31k £616 £7.58k £140.01k
Income - Other £0 £1.23m £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £11.43m £2.23m £2.41m £209.21k £274.75k
Expenditure - Raising funds £112.32k £57.99k £119.90k £11.65m £13.30m
Expenditure - Governance £19.53k £9.45k £8.40k £8.21k £10.12k
Expenditure - Grants institution £734.98k £73.55k £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £0 £27.19k £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.

" role="img"> Text alternative for this canvas graphic is in the data table below.
Asset / Liability 29/02/2020 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Own use assets £1.32m £1.26m £1.18m £1.17m £1.46m
Long-term investments £0 £0 £0 £0 £0
Other assets £7.13m £7.03m £6.73m £7.56m £8.67m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £4.72m £4.82m £6.39m £5.51m £5.11m

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 30 September 2023 26 June 2024 On Time
Accounts and TAR 30 September 2023 26 June 2024 On Time Download Open in new window
Annual return 30 September 2022 21 July 2023 On Time
Accounts and TAR 30 September 2022 21 July 2023 On Time Download Open in new window
Annual return 30 September 2021 25 July 2022 On Time
Accounts and TAR 30 September 2021 25 July 2022 On Time Download Open in new window
Annual return 30 September 2020 28 July 2021 On Time
Accounts and TAR 30 September 2020 28 July 2021 On Time Download Open in new window
Annual return 29 February 2020 09 December 2020 On Time
Accounts and TAR 29 February 2020 09 December 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.

CIO - FOUNDATION Registered 01 Dec 2017 as amended on 15 Aug 2022 as amended on 03 Aug 2022

Charitable objects

For the public benefit: A. To promote recruitment to and the efficiency of the Royal Air Force (RAF). In particular, but without limitation, by enhancing its reputation through a programme of world-class events and activities. B. To advance such charitable purposes (according to the law of England and Wales) as the charity trustees shall think fit for the benefit of past and present members of any of the RAF, the auxiliary air force, the RAF reserves or any separate dominion air force (or any former organisation the place of which has substantially been taken by the said organisations or any future organisations which hereafter shall substantially take the place of the said organisations) and their dependants. C. To advance in life young people through events, grants and activities that provide access to and involvement in forward-looking air and space opportunities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society. D. To advance education of the public in general in aviation, space and broader Science, Technology, Engineering and Mathematics, particularly as relates to the activities of the RAF?.

Linked charities

Linked charities
Linked charity 1176054-1 THE ROYAL AIR FORCE CHARITABLE TRUST
Governing document
TRUST DEED 3 JULY 1950 AMENDED BY SCHEME 18 FEBRUARY 1994, ORDER DATED 29 DECEMBER 2004, DEED OF VARIATION DATED 25 JANUARY 2005 AND DEED OF VARIATION 4 FEBRUARY 2005 as amended on 18 Mar 2019
Charitable objects
(A) PROMOTING RECRUITMENT TO AND THE EFFICIENCY OF THE ROYAL AIR FORCE OR WOMEN'S ROYAL AIR FORCE. (B) FOR SUCH CHARITABLE PURPOSES FOR THE BENEFIT OF PAST AND PRESENT MEMBERS OF ANY OF THE ROYAL AIR FORCE, THE AUXILIARY AIR FORCE, THE ROYAL AIR FORCE RESERVES, THE WOMEN'S ROYAL AIR FORCE, THE WOMEN'S AUXILIARY AIR FORCE OR ANY SEPARATE DOMINION AIR FORCE OR MEMBER 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 AND THEIR DEPENDANTS AS THE TRUSTEES SHALL THINK FIT AND IN FURTHERANCE THEREOF BUT WITHOUT PREJUDICE TO THE GENERALITY OF THIS CLAUSE THE TRUSTEES MAY MAKE GRANTS TO THE ROYAL AIR FORCE BENEVOLENT FUND OR SUCH OTHER BODY OF PERSONS OR TRUST ESTABLISHED FOR CHARITABLE PURPOSES.
Area of benefit
NATIONAL
Registration history
  • 17 October 1962 : Standard registration

Contact information

Address:
DOUGLAS BADER HOUSE
HORCOTT HILL
FAIRFORD
GL7 4RB
Phone:
01285713300
Email:
trust-director@rafct.com
Website:

www.rafct.com Open in new window