HOW THE MONEY IS SPENT
At the end of its financial year ending in February 2007, the Royal Air Force Charitable Trust Enterprises has gifted to the RAFCT £505,000 from its first two year's of trading, which has exceeded expectations. The recipients of RAFCT grants so far include:
|
ORGANISATION |
PURPOSE |
AMOUNT |
DATE |
|
The Royal Air Force Benevolent Fund |
Contribution towards a new conservatory to be built at Princess Marina House during 2006. |
£20,000 | December 2005 |
| The Royal Air Forces Association | Contribution towards the cost of a recruitment campaign aimed at attracting new members from the Air Cadets, UAS, Reservists and Auxilliaries. | £20,000 | December 2005 |
| Air Cadets | Purchase of high quality Air Rifles and related equipment to establish two Air Cadet Centres of Excellence to train cadets to shoot at the highest competitive levels. | £7,000 | December 2005 |
| Maritime Air Trust | The grant is to provide bursaries to assist financially disadvantaged members of the Air Training Corps in continuing their studies at the stage of tertiary education. | £5,000 | December 2005 |
| Royal Auxilliary Memorial Trust | This grant is to allow members of the Air Training Corps to maintain, for the next three years, the surrounds of a newly erected memorial at the National Arboretum. | £1,000 | December 2005 |
| The Ulysses Trust | To support expeditions and adventurous training activities undertaken by the Air Cadets | £5,150 | December 2005 |
| The RAF and Dependants' Disabled Holiday Trust | Contribution towards cost of holidays | £2,000 | December 2005 |
| Air Cadets | Trophy for Flying Excellence | £2,800 | June 2006 |
| Air Cadets | 6 Flying Scholarships | £23,502 | June 2006 |
| Air Cadets | Expedition Training | £25,000 | June 2006 |
| The Ulysses Trust | Expedition Training | £2,700 | June 2006 |
| The Royal Air Force Benevolent Fund | Conversion of former Managers dwelling at Princess Marina House for use by RAF/ex RAF personnel and families for short breaks. | £33,925 | September 2006 |
| Flying Scholarship for the Disabled | Flying Scholarship for disabled RAF person past or present, or their dependant. | £10,000 | December 2006 |
| Combat Stress (Ex-Services Mental Welfare Society) | To provide specialist welfare service for RAF veterans with service-related mental health problems. | £10,000 | December 2006 |
What will happen to the remaining money?
More grants are now being considered. Full details of where the money goes will be available here soon.
Is the entire amount raised through the activities of the Royal Air Force Charitable Trust Enterprises (RAFTCE) gifted to the trust?
No. RAFCTE's board of directors wish to create a firm financial footing to assure the company's long-term future. For this reason, and with the support of the Royal Air Force Charitable Trust, a modest amount will be retained each year to protect against unforeseen contingencies.