ROYAL ARTILLERY INSTITUTION LIMITED
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £10,832,004 exceed the trustees' stated minimum free reserves requirement of £9,500,000. The charity reported a net increase in funds of £576,577 for the year, driven by investment gains, despite an operating deficit before investment gains. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“we determined that we should hold a minimum of £9,500,000 in free reserves to be assured that we are able to sustain the support we provide to the regimental family in the long term” — page 9
“Income of £352,049 (2023: £348,377) was received from the Royal Artillery General Charitable Trust (RAGCT) of which both charities have a number of trustees in common. This Income relates to accrued Income from the Service Giving Scheme, which were voluntary contributions from service personnel.” — page 28
“Income of £15,596 (2023: £14,729) was received on behalf of the Central Sergeant Mess (CSM) of which the Royal Artillery Sergeant Major (RASM) is an member of the Royal Artillery Institution (RAI) and the Chair of the Central Sergeant Mess. This Income relates to Interest on Investments.” — page 28
“Income of £352,049 (2023: £348,377) was received from the Royal Artillery General Charitable Trust (RAGCT) of which both charities have a number of trustees in common. This Income relates to accrued Income from the Service Giving Scheme, which were voluntary contributions from service personnel.” — page 28
“Income of £15,596 (2023: £14,729) was received on behalf of the Central Sergeant Mess (CSM) of which the Royal Artillery Sergeant Major (RASM) is an member of the Royal Artillery Institution (RAI) and the Chair of the Central Sergeant Mess. This Income relates to Interest on Investments.” — page 28
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (09/03/2017)
Trustees
- Major General David Cullen CB, OBEchair
- Brigadier Christopher Coton
- Colonel David Stuart Joyce
- Colonel Jem Michael John Bersin
- Colonel Patrick James Farrell OBE ADC
- Colonel Philip Haigh
- Colonel Richard Andrew Forster
- Colonel Stuart Ian Hay
- LT COL JAMES RONALD MURRAY GOWER
- Lt Col Simon John Rhodes Halliday TD
- MARK GRAHAM WILLIAMS
- Owen James Adams
- RASM Keith Fisher
- Rupert James Hendry Burchett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £930k | £1.1m |
| 31/12/2023 | £960k | £1.1m |
| 31/12/2022 | £834k | £922k |
| 31/12/2021 | £878k | £832k |
| 31/12/2020 | £884k | £214k |
Common questions
Is ROYAL ARTILLERY INSTITUTION LIMITED financially healthy?
The accounts state that unrestricted reserves of £10,832,004 exceed the trustees' stated minimum free reserves requirement of £9,500,000. The charity reported a net increase in funds of £576,577 for the year, driven by investment gains, despite an operating deficit before investment gains. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £30k |
| THE SUNRISE (SIDMOUTH) CHARITABLE TRUST | 1 | £4k |
| THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST | 1 | £500 |