Funding/Costs

Costs

All cadets are required to pay a monthly subscription to support the cost of most activities.

The current level of subscriptions for all Cadets on 497 Squadron is £10 per month.

Subscriptions help to cover items such as materials for project work, the operating costs of our Squadron mini-bus, extra activities and project materials.

The Squadron strongly encourages those who pay Cadet(s) subscriptions to take advantage of the Gift Aid Scheme initiated by the Inland Revenue in which we are able to claim 28p for every pound subscribed/donated.

In order to qualify for Gift Aid, what you pay in Income Tax or Capital Gains Tax must be  at least equal to the amount we will claim in the tax year.

If you qualify we would ask that you complete a Gift Aid Form and return it to the Squadron at your early convenience. Please note that Gift Aid does not involve your parent or guardian in any extra cost. Your co-operation will be much appreciated and will help us to provide more opportunities for cadets.

Funding

The money that is available to the ATC comes mainly from 2 sources:

  • Cadet Subscriptions and fund raising – called non-Public money.
  • the Ministry of Defence (MOD) – called Public money.

Non-Public Money.

Your weekly subscriptions are divided up and shared between:

a. The General Purpose Fund – controlled by the Air Cadet Council and used to pay for sporting and welfare activities at Corps and Regional level.

b. The Regional Fund – used to provide Adventure Training equipment for the Region, with some Regions funding cadet travel to Regional sporting events.

c. The Wing Fund – used to pay for Wing sporting events, prizes and medals.

d. The Squadron Fund – controlled by the Squadron Civilian Committee and used to finance local projects such as:

(1) Duke of Edinburgh Award.
(2) Specialist training equipment.
(3) Sporting activities.
(4) General cadet welfare

Public Money.

This is money provided to the Corps by the MOD from our Nation’s defence budget. The money pays for such things as:

a. Training.
b. Flying and Gliding.
c. Uniforms.
d. Shooting.
e. Accommodation.
f. Squadron administration.

 

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