Members of 514 Sqn were awarded 1 DSO, 84 DFCs, one Bar to the DFC and 26 DFMs.

[8][page needed] From 1988 to 2012, the Squadron held an annual reunion in June at Waterbeach Barracks hosted by the Royal Engineers.

A service of remembrance was held in the parish church, and the BBMF Lancaster made a flypast over the former RAF airfield.

[10] In 2013, following the barracks' closure, a reunion was held in the village on 15 June with the Lancaster flypast over the Recreation Ground.

[13] It expected that the new Waterbeach Military Heritage Museum will return to its building at the Barracks, and re-open in early summer 2016.