ROYAL FLEET AUXILIARY ASSOCIATION
Furthering the efficiency of the RFA Service through esprit de corps.Association and fellowship for the retiredSupport for serving and past Members of the Service, and their dependants, in illness, bereavement or injury on active serviceOperating a museum to preserve the history, deeds and sacrifices of the Service.Fundraising.Minor grants to maritime related small charities.
Financial health, per its FY2024 accounts
The accounts state that the charity holds £199,967 in unrestricted funds, which the trustees describe as an 'extremely sound' financial position. The reserves policy requires holding a minimum of three years' average operating costs, and current reserves allow for a minimum of seven years at current cost levels. The charity reports no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The RFAA Golf Society holds an annual commercially sponsored golf tournament, and this is now the major funding source raising £8.6k profit in 2024.”
“The reserves policy is to hold a minimum of three years average operating costs to enable time for an orderly closedown of the Association should circumstances require this.”
Trustees
- Andrew Morlechair
- Andrew August
- Anthony Sherlock
- Gillian Forth
- Martin Troman
- Peter Melville Fry
- RAY BENNETT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £27k |
| 31/12/2023 | £31k | £25k |
| 31/12/2022 | £66k | £13k |
| 31/12/2021 | £25k | £14k |
| 31/12/2020 | £12k | £10k |
Common questions
Is ROYAL FLEET AUXILIARY ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds £199,967 in unrestricted funds, which the trustees describe as an 'extremely sound' financial position. The reserves policy requires holding a minimum of three years' average operating costs, and current reserves allow for a minimum of seven years at current cost levels. The charity reports no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 22/06/2006 | £5k | "This Organisation Is An Arm Of The Royal Navy And Uk Forces Overseas. It Provides Essential Stores And Equipment Required By Warships At Se" |
| The National Lottery Community Fund | 19/06/2006 | £5k | Regimental Museum |
| The National Lottery Heritage Fund | 03/09/2004 | £5k | "This Group Promotes The Welfare Of Present And Past Members Of The Royal Fleet Auxiliary As Well As The Dependants Of These Members. The Gro" |
| The National Lottery Community Fund | 03/09/2004 | £5k | Establish Regional Office |