NutLoose wrote:
Any surplus funds generated are donated to the RAF Benevolent Fund, the RAF Association and to local charities and worthy causes. To date, over £2,800,000 has been raised for these worthy causes
I'd be interested to see data on the FROM Date for that amount of money.
This is from a few years ago, but is based on the only figures that I have available just now.
RIAT 2009 figures They got over 8 Million pounds in and disbursed £196,997 to Charitable causes.
RIAT certainly makes money for some people.
Less than 20 pence out of every 8 quid was distributed to service charities.
Facts and figures about RIAT.
Royal Air Force Charitable Trust Enterprises
Accounts for 2008-2009
From an income of over 8 Million pounds, the charity got 300 thousand.
Of which, less than 200 thousand pounds was given to the people we all expect to be getting the money. Still, the expenses were right up there in the good figures, so nobody missed out.
2011- 2012
RIAT £6,152,663
Other Income £1,186,089
Total Incoming Resources £7,338,752
Grants to charity £136,921
2012-2013
RIAT £5,982,202
Other Income £640,519
Total Incoming Resources £6,622,721
Grants to charity £113,665