2010 annual report and accounts - PDF 700KB - RAF Benevolent ...

Consolidated Statementof Financial Activitiesfor the year ended 31 December 2010Incoming resourcesGroupUnrestricted Restricted Group (Restated)Funds Funds 2010 2009Note £’000 £’000 £’000 £’000Incoming resources from generated fundsVoluntary incomeDonations 2 4,906 41 4,947 4,038Legacies 7,056 - 7,056 7,222Investment income 3 2,820 89 2,909 3,642Incoming resources from charitable activitiesHousing 847 14 861 790Residential care 440 - 440 530Loan interest 189 - 189 191Other income 4 1,970 - 1,970 1,276Total incoming resources 18,228 144 18,372 17,689Resources expendedCost of generating fundsMarketing and communications 5,6,7,8 2,523 - 2,523 2,087Legacies 5,6,7,8 331 - 331 217Investment management costs 5a 402 - 402 3283,256 - 3,256 2,632Net incoming resources available for charitable application 14,972 144 15,116 15,057Charitable expenditureCosts of activities in furtherance of the charity’s objectsDirect charitable expenditureGeneral welfare 5,6,7,8 16,633 4 16,637 14,446Education 5,6,7,8 60 39 99 327Housing 5,6,7,8 2,379 33 2,412 2,764Residential care 5,6,7,8 4,237 121 4,358 3,708Total direct charitable expenditure 23,309 197 23,506 21,245Pension interest costs - - - 77Governance 291 - 291 303Total resources expended 5 26,856 197 27,053 24,25714 The Heart of the RAF family