ARMY SAILING ASSOCIATION
Latest income
£963k
Latest spending
£919k
Registered
2013
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,567,150, providing a strong financial position relative to annual expenditure. The trustees confirm that finances remain positive and the five-year financial plan reflects the ongoing viability of the charity. No material uncertainties or going concern issues were identified.
What the accounts disclose
Reserves policy: a reasonable level of financial reserves to maintain cash flow and support ongoing activities (held: £2.6m)
“The seasonal nature of sailing activities and the cyclic nature of grant funding requires the ASA to maintain a reasonable level of financial reserves to maintain cash flow and support ongoing activities.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 05/04/2025)
Total income
£963k
Total spending
£919k
Cost of raising funds
£410k
Reserves (reported)
£0
Employees
0
Register events
- Received assets from another charity (26/06/2014)
Trustees
- Colonel Edward Butterworth
- Colonel Julian Mark Facer
- Colonel Neil Wilson
- Lt Col Anthony John Fairs
- Major General Thomas Howard Bewick
- Nicholas Nottingham
- Tom Newman
- jack harrison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £963k | £919k |
| 05/04/2024 | £1.1m | £932k |
| 05/04/2023 | £1.5m | £1.3m |
| 05/04/2022 | £833k | £695k |
| 31/10/2020 | £661k | £459k |
Common questions
Is ARMY SAILING ASSOCIATION financially healthy?
The accounts state that unrestricted reserves stood at £2,567,150, providing a strong financial position relative to annual expenditure. The trustees confirm that finances remain positive and the five-year financial plan reflects the ongoing viability of the charity. No material uncertainties or going concern issues were identified. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 2 | £38k |
| The Seafarers' Charity (King George's Fund for Sailors) | 1 | — |
| THE CHARLES LEWIS FOUNDATION | 1 | £108k |
| THE I T F SEAFARERS TRUST | 1 | £99k |
| THE FRANK JACKSON FOUNDATION | 1 | £90k |
| REARDON SMITH NAUTICAL TRUST | 1 | £81k |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | 1 | £71k |
| SIR ROBERT GEFFERY'S ALMSHOUSE TRUST | 1 | £24k |