THE VICTORIA CROSS AND GEORGE CROSS ASSOCIATION
Welfare of the living holders of the VC/GCWelfare for spouses of deceased VC/ GCrecipientsEducation of the public re the VC and GCPromoting efficiency of Armed Forces, Police etc; encouraging civic responsibility and good citizenship by honouring/supporting holders of the VC and GC, their dependants/descendantsRestoring and erecting Graves and Memorials associated with holders of the VC/GC
Objects
4.1 THE OBJECTS OF THE CIO ARE:4.1.1 TO PROVIDE FINANCIAL ASSISTANCE TO INDIVIDUAL HOLDERS OF THE VICTORIA CROSS AND GEORGE CROSS AND THEIR DEPENDANTS AND DESCENDANTS WHO ARE IN NEED BECAUSE OF FINANCIAL HARDSHIP OR DISTRESS, OR AT RISK OF FINANCIAL HARDSHIP OR DISTRESS OR OF FALLING INTO POVERTY INCLUDING WITHOUT LIMITATION FINANCIAL ASSISTANCE FOR EDUCATIONAL PURPOSES;4.1.2 TO PROMOTE THE EFFICIENCY OF THE ARMED FORCES AND THE POLICE, FIRE, RESCUE AND AMBULANCE SERVICES AND TO ENCOURAGE CIVIC RESPONSIBILITY AND GOOD CITIZENSHIP BY HONOURING AND SUPPORTING HOLDERS OF THE VICTORIA CROSS AND GEORGE CROSS AND THEIR DEPENDANTS AND DESCENDANTS;4.1.3 TO RESTORE AND/OR ERECT THE GRAVES OF AND MEMORIALS ASSOCIATED WITH HOLDERS OF THE VICTORIA CROSS AND GEORGE CROSS; 4.1.4 TO EDUCATE THE PUBLIC ON MATTERS RELATING TO THE VICTORIA CROSS AND GEORGE CROSS; AND4.1.5 TO ADVANCE SUCH OTHER PURPOSES THAT ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE CHARITY TRUSTEES IN THEIR ABSOLUTE DISCRETION THINK FIT, HAVING PARTICULAR REGARD TO THE NEEDS OF HOLDERS OF THE VICTORIA CROSS AND GEORGE CROSS AND THEIR DEPENDANTS AND DESCENDANTS. 4.2 FOR THE AVOIDANCE OF DOUBT, "DESCENDANTS" IN THIS CLAUSE 4 SHALL INCLUDE (WITHOUT LIMITATION) SPOUSES AND CIVIL PARTNERS (INCLUDING FOR THE AVOIDANCE OF DOUBT ANY PERSON, WHETHER OF A DIFFERENT SEX OR THE SAME SEX, WITH WHOM A HOLDER OF THE VICTORIA CROSS OR GEORGE CROSS LIVES AS PARTNER IN A FAMILY RELATIONSHIP) AND CHILDREN, GRANDCHILDREN AND GREAT-GRANDCHILDREN (WHETHER ADOPTED, ILLEGITIMATE, STEP OR OTHERWISE) AND SO FORTH THROUGH SUCCEEDING GENERATIONS. 4.3 NOTHING IN THIS CONSTITUTION SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CIO FOR THE PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT (SCOTLAND) ACT 2005 AND SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008.
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were £701,684 at year-end, which the Trustees consider to meet their policy of maintaining a minimum of two years' operating costs. The charity reports a net decrease in total funds of £65,003 for the year, driven by expenditure exceeding income, but maintains sufficient liquid reserves to continue operations.
What the accounts disclose
“7 member trustees were in receipt of annuities totalling £73,309 (2024: 7 member trustees: £72,785).” — page 38
“A donation amounting to £35,000 was received from a company for which 1 Trustee was the Chief Executive Officer (2024: £Nil).” — page 38
“7 member trustees were in receipt of annuities totalling £73,309 (2024: 7 member trustees: £72,785).” — page 38
“A donation amounting to £35,000 was received from a company for which 1 Trustee was the Chief Executive Officer (2024: £Nil).” — page 38
“7 member trustees were in receipt of annuities totalling £73,309 (2024: 7 member trustees: £72,785).” — page 38
“A donation amounting to £35,000 was received from a company for which 1 Trustee was the Chief Executive Officer (2024: £Nil).” — page 38
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- Christopher Finneychair
- ANTHONY JOHN GLEDHILL GC
- Dominic Charles Rupert Troulan GC QGM
- JAMES WALLACE BEATON GC CVO JP
- KIM SPENCER HUGHES GC RLC
- MAJ PETER ALLEN NORTON GC RLC
- Richard Colin Watson
- Sam Shephard GC
- Sir George Michael Zambellas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £108k | £264k |
| 31/12/2024 | £137k | £249k |
| 31/12/2023 | £197k | £272k |
| 31/12/2022 | £27k | £243k |
| 31/12/2021 | £19k | £235k |
Common questions
Is THE VICTORIA CROSS AND GEORGE CROSS ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were £701,684 at year-end, which the Trustees consider to meet their policy of maintaining a minimum of two years' operating costs. The charity reports a net decrease in total funds of £65,003 for the year, driven by expenditure exceeding income, but maintains sufficient liquid reserves to continue operations. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £1.2m |
| THE ROYAL AIR FORCE BENEVOLENT FUND | 1 | £10k |
Charities like this
- THE COASTGUARD ASSOCIATION CHARITY
- ROYAL ENGINEERS ASSOCIATION
- WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST
- THE BRIGADE OF GURKHAS EDUCATION AND WELFARE FUND
- THE VETERANS CHARITY
- THE HMS VICTORY PRESERVATION COMPANY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE VICTORIA CROSS AND GEORGE CROSS ASSOCIATION | £108k | — | 0 | above | — | no doubt |
| THE COASTGUARD ASSOCIATION CHARITY | £507k | — | — | unclear | — | no doubt |
| ROYAL ENGINEERS ASSOCIATION | £1.7m | £70,001 - £80,000 | — | unclear | — | no doubt |
| WORSHIPFUL COMPANY OF INSURERS CHARITABLE TRUST | £351k | — | 0 | below | — | no doubt |
| THE BRIGADE OF GURKHAS EDUCATION AND WELFARE FUND | £479k | — | 0 | unclear | — | noted |
| THE VETERANS CHARITY | £397k | — | 0 | unclear | — | no doubt |