THE ROYAL AIR FORCE CENTRAL FUND
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2026-05-26 (this month)
Last made up 2025-05-12
Watchouts
None on the register
Cash
£3M
+6% vs 2023
Net assets
£54M
+7.3% vs 2023
Employees
16
0% vs 2023
Profit before tax
£4M
+19.7% vs 2023
Net assets
2-year trend · vs Unclassified median
Accounts
2-year trend · latest reflected 2024-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Turnover | £3,109,099 | £3,243,424 | |
| Operating profit | £1,103,963 | £916,520 | |
| Profit before tax | £3,092,648 | £3,701,741 | |
| Net profit | £3,092,648 | £3,701,741 | |
| Cash | £3,256,212 | £3,451,311 | |
| Total assets less current liabilities | £50,949,713 | £54,241,454 | |
| Net assets | £50,539,713 | £54,241,454 | |
| Equity | £50,539,713 | £54,241,454 | |
| Average employees | 16 | 16 | |
| Wages | £623,240 | £676,590 |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 |
|---|---|---|---|
| Operating margin | 35.5% | 28.3% | |
| Net margin | 99.5% | 114.1% | |
| Return on capital employed | 2.2% | 1.7% | |
| Gearing (liabilities / total assets) | 1.4% | 0.9% | |
| Current ratio | 18.67x | 10.71x | |
| Interest cover | 2.87x | 1.80x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- Richard Place Dobson Services Ltd
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Group structure
- THE ROYAL AIR FORCE CENTRAL FUND · parent
- RAF Central Fund Trading Ltd 100%
Significant events
- “The year 2024 marked significant progress for RAF Sport, notably with the successful integration of the 36 merged sports charities.”
- “The Central Fund received a Team Commendation in the 2024 King's Birthday Honours list for its dedication to delivering sport and physical activities within the RAF.”
- “sponsorship contracts exceeding £200,000 were secured through a combination of new, renewed, and enhanced partnerships.”
- “2024 has also been one of the best years in terms of sporting participation. With over 2,000 fixtures held and nearly 70 overseas visits, engagement across all levels, from grassroots to Olympic athletes, has been exceptional.”
- “This last year marked our first year managing RAF sponsorship, and we have made significant strides. The commercial team has secured contracts across 16 partners, totalling over £200.000, with an additional £26,000 raised through external grant funders and donations.”
- “Notably, it welcomed its first non-defence contractor sponsor, marking a significant milestone in the Fund's efforts to broaden its reach and diversify its partnerships.”
- “In 2024, the RAF Central Fund website saw a dramatic spike in traffic, with page views totalling 222,474 compared to 130.073 in 2023, representing an increase of 71%.”
- “The annual awards were hosted at Halton House in 2024 and the Central Fund was delighted to sponsor the Station of the Year Award. The winners were RAF Honington, who were acknowledged for organising their 'Wellness Wednesdays' initiative.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
10 active · 16 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| GRASKE, Nicola | Secretary | 2016-08-04 | — | — |
| BAKER, Chantal Emma | Director | 2020-04-17 | Mar 1979 | British |
| BROWN, Julian William | Director | 2024-05-06 | Dec 1969 | Australian |
| FARMERY, Alison | Director | 2018-09-26 | Oct 1962 | British |
| GRIPTON, Helen Louise | Director | 2025-11-12 | Apr 1981 | British |
| MICHAELSON, John Charles | Director | 2018-04-06 | Apr 1953 | American |
| MOLLOY, Eamonn Mark, Dr | Director | 2017-07-27 | Jan 1971 | British |
| STRINGER, John Jackson | Director | 2025-11-12 | Nov 1969 | British |
| VERONESE, Oscar-Luigi | Director | 2024-07-12 | Sep 1960 | British |
| WILLIAMS, Mark | Director | 2018-09-26 | Jul 1959 | British |
Show 16 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| TOLFTS, Ian, Group Captain | Secretary | 2014-03-01 | 2016-08-04 |
| ALLEN, Peter John | Director | 2013-06-04 | 2018-07-20 |
| BEET, Nigel, Air Commodore | Director | 2013-06-04 | 2016-08-04 |
| BRIDGELAND, Sally | Director | 2018-09-26 | 2021-07-07 |
| CROSSLEY, Jonathan, Warrant Officer | Director | 2018-07-20 | 2024-04-24 |
| ELLIS, John Raymond | Director | 2019-07-08 | 2022-04-12 |
| GRAY, Susan Catherine, Dame | Director | 2024-03-04 | 2025-05-06 |
| MARDELL, Alison, Air Vice Marshal | Director | 2016-08-04 | 2018-08-21 |
| NORTH, Barry Mark, Air Marshal | Director | 2014-03-01 | 2016-05-23 |
| OPIE, Gerald Alan, Air Commodore | Director | 2014-03-01 | 2016-08-04 |
| OPIE, Gerald Alan, Air Commodore | Director | 2014-03-01 | 2014-03-01 |
| OWEN, Peter Nigel | Director | 2014-03-01 | 2017-07-27 |
| REYNOLDS, Sean, Air Marshal | Director | 2016-08-04 | 2018-06-06 |
| WEST, Elaine, Air Commodore | Director | 2013-06-04 | 2016-08-04 |
| WIGSTON, Michael, Sir | Director | 2018-07-31 | 2019-04-10 |
| WILES, Matthew John Gethin, Air Vice-Marshal | Director | 2013-06-04 | 2014-03-01 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 99 total filings
Material constitutional events — rename, articles re-file, resolution
- 2025-07-21 RESOLUTIONS Resolution
- 2025-07-21 MA Memorandum articles
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2025-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-25 | CH01 | officers | Change person director company with change date | |
| 2025-11-25 | AP01 | officers | Appoint person director company with name date | |
| 2025-11-24 | CH01 | officers | Change person director company with change date | |
| 2025-10-08 | AA | accounts | Accounts with accounts type group | |
| 2025-07-21 | RESOLUTIONS | resolution | Resolution | |
| 2025-07-21 | MA | incorporation | Memorandum articles | |
| 2025-05-12 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-05-12 | TM01 | officers | Termination director company with name termination date | |
| 2025-02-20 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2025-02-07 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2024-09-28 | AA | accounts | Accounts with accounts type group | |
| 2024-07-25 | AP01 | officers | Appoint person director company with name date | |
| 2024-05-28 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-05-10 | CH01 | officers | Change person director company with change date | |
| 2024-05-10 | AP01 | officers | Appoint person director company with name date | |
| 2024-04-30 | TM01 | officers | Termination director company with name termination date | |
| 2024-03-12 | CH01 | officers | Change person director company with change date | |
| 2024-03-08 | AP01 | officers | Appoint person director company with name date | |
| 2024-01-24 | CH01 | officers | Change person director company with change date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 9
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 1
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
+4.3%
£3,109,099 £3,243,424
-
Cash
+6%
£3,256,212 £3,451,311
-
Net assets
+7.3%
£50,539,713 £54,241,454
-
Employees
0%
16 16
-
Operating profit
-17%
£1,103,963 £916,520
-
Profit before tax
+19.7%
£3,092,648 £3,701,741
-
Wages
+8.6%
£623,240 £676,590
Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers