NAVAL & MILITARY BIBLE SOCIETY LTD
The Society distributes copies of the Bible, New Testaments and Psalms and illustrative material to the United Kingdom armed forces personnel and their associates, to the forces of the Commonwealth and other nations, all merchant seafarers, United Kingdom police, fire and rescue services and others.
Financial health, per its FY2024 accounts
The accounts state that total incoming resources increased by 16% to £194,693, while total expenditure was £174,604, resulting in a net surplus for the year. The charity maintains a general fund balance of £30,342, which exceeds its stated minimum operating balance target of £20,000. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Society's policy is to keep reserves to a minimum. Nonetheless, it recognizes the need to have an operating balance sufficient to cover minimum operating costs for a 6-month period if it became necessary to close the Society. Efforts have been made in recent years to reduce operating costs, such that the minimum operating balance is now £20,000. However, to enable orders to be placed in a timely fashion it is the aim to maintain a month end balance of £50,000.” — page 4
Trustees
- COLONEL John William Lewis
- Catherine Cashmore
- Christopher Raymond Huckstep
- REV Karen Louise Bassett
- Raphael Duckett
- Rev JAMES PITKIN
- Rev Toby Humphreys
- Robin Richardson
- STUART ROSS RIVERS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £195k | £175k |
| 31/12/2023 | £166k | £229k |
| 31/12/2022 | £212k | £169k |
| 31/12/2021 | £152k | £164k |
| 31/12/2020 | £179k | £150k |
Common questions
Is NAVAL & MILITARY BIBLE SOCIETY LTD financially healthy?
Per its FY2024 accounts: The accounts state that total incoming resources increased by 16% to £194,693, while total expenditure was £174,604, resulting in a net surplus for the year. The charity maintains a general fund balance of £30,342, which exceeds its stated minimum operating balance target of £20,000. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds NAVAL & MILITARY BIBLE SOCIETY LTD?
Funders whose own accounts filings name NAVAL & MILITARY BIBLE SOCIETY LTD as a grant recipient include RADSTOCK TRUST CIO, MERCHANT NAVY WELFARE BOARD.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| RADSTOCK TRUST CIO | FY2022 | £87k | |
| RADSTOCK TRUST CIO | FY2024 | £80k | |
| RADSTOCK TRUST CIO | FY2025 | £80k | |
| RADSTOCK TRUST CIO | FY2021 | £72k | |
| RADSTOCK TRUST CIO | FY2023 | £70k | |
| MERCHANT NAVY WELFARE BOARD | FY2024 | £8k | NMBS Portacabin |
Funders of similar charities
Charities like this
- THE BRITISH AND FOREIGN BIBLE SOCIETY
- THE TRINITARIAN BIBLE SOCIETY
- GOOD NEWS FOR EVERYONE!
- THE NAVIGATORS UK LIMITED
- SAILORS' SOCIETY
- UNITED BIBLE SOCIETIES ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NAVAL & MILITARY BIBLE SOCIETY LTD | £195k | — | 0 | below | — | no doubt |
| THE BRITISH AND FOREIGN BIBLE SOCIETY | £26.2m | — | — | unclear | 20.0% | no doubt |
| THE TRINITARIAN BIBLE SOCIETY | £4.3m | — | — | above | — | no doubt |
| GOOD NEWS FOR EVERYONE! | £3.1m | £90,001 - £100,000 | 2 | within | — | no doubt |
| THE NAVIGATORS UK LIMITED | £2.2m | — | 0 | unclear | — | no doubt |
| SAILORS' SOCIETY | £1.6m | — | — | below | — | no doubt |