RMAS ACADEMY CENTRAL FUND
To provide financial support and governance to sporting and welfare activities undertaken by officer cadets, staff and their departments at the Royal Military Academy Sandhurst.
Financial health, per its FY2025 accounts
The accounts state that total funds decreased from £582,005 to £514,560, driven by a significant deficit in restricted funds due to high grant expenditure. The Internal Auditor notes a liquidity issue where bank balances are low relative to investment assets, requiring a planned transfer from the Commandant's Fund to meet potential outflows. The charity has no stated reserves policy and governance costs were nil for the period.
What the accounts disclose
“The Academy Fund experienced a decrease in income by 50% compared to the previous year from £108.7k to £54.5k. While GPF income remained steady, returns at £1.3k, the Restricted funds faced a significant deficit due to high expenditure on grants and donations £121.7k, leading to a net outflow of £67.4k.” — page 15
Trustees
- Michael Cooke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £55k | £122k |
| 31/03/2024 | £102k | £88k |
| 31/03/2023 | £166k | £184k |
| 31/03/2022 | £217k | £178k |
| 31/03/2021 | £144k | £126k |
Common questions
Is RMAS ACADEMY CENTRAL FUND financially healthy?
Per its FY2025 accounts: The accounts state that total funds decreased from £582,005 to £514,560, driven by a significant deficit in restricted funds due to high grant expenditure. The Internal Auditor notes a liquidity issue where bank balances are low relative to investment assets, requiring a planned transfer from the Commandant's Fund to meet potential outflows. The charity has no stated reserves policy and governance costs were nil for the period. Its FY2025 accounts were independently examined.