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THE CENTRAL AMENITIES FUND, HMS DRAKE

Registered charity 1129024 · accounts filings on the Charity Commission register · also known as CAF HMS DRAKE

Latest income
£138k
Latest spending
£109k
Registered
2009
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity ended the year with total net assets of £2,631,627.70, an increase from the previous year. The trustees confirm that free reserves are maintained at a level sufficient to cover liabilities and provide resources in the event of adverse conditions, with deposit accounts easily exceeding liabilities to other funds and creditors.

What the accounts disclose

Reserves policy: £1.5M to £2.5M (held: £2.6m)
“These are set at £1.5M to £2.5M and are held in investments.”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Sole Managing Trustee is also the Sole Managing Trustee of the WO, SR & SNCO Mess and The Wardroom Mess HMS Drake. These funds pay contributions to the CAF.
“The Sole Managing Trustee is also the Sole Managing Trustee of the WO, SR & SNCO Mess and The Wardroom Mess HMS Drake. These funds pay contributions to the CAF.” — page 8
“The Sole Managing Trustee is also the trustee of the charitable funds that use the CAF as their Central Bank (Note 9).” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The Sole Managing Trustee is also the trustee of the charitable funds that use the CAF as their Central Bank.
“The Sole Managing Trustee is also the Sole Managing Trustee of the WO, SR & SNCO Mess and The Wardroom Mess HMS Drake. These funds pay contributions to the CAF.” — page 8
“The Sole Managing Trustee is also the trustee of the charitable funds that use the CAF as their Central Bank (Note 9).” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £3k
“The fund is a member of a defined contribution pension scheme which had an estimated valuation on 30 Sep 24 that withdrawal costs would be £2612. This in the event that the fund withdraws from the scheme or there are no active members in the scheme then any remaining deficit will fall due and be payable by the fund.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cornwall · Devon

Income and spending

Financial year endIncomeSpending
31/12/2025£138k£109k
31/12/2024£139k£106k
31/12/2023£133k£149k
31/12/2022£99k£118k
31/12/2021£79k£89k

Common questions

Is THE CENTRAL AMENITIES FUND, HMS DRAKE financially healthy?

The accounts state that the charity ended the year with total net assets of £2,631,627.70, an increase from the previous year. The trustees confirm that free reserves are maintained at a level sufficient to cover liabilities and provide resources in the event of adverse conditions, with deposit accounts easily exceeding liabilities to other funds and creditors. Its FY2025 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ARMED FORCES COVENANT FUND1£384k
THE BRITTEN FOUNDATION1£39k
THE ADDERSTONE FOUNDATION1£18k

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