THE REME CHARITY
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £2,831,837 against total expenditure of £2,671,988, resulting in a net increase in funds. The trustees consider the charity will continue as a going concern for at least 10 years, supported by investment assets exceeding £15 million and reserves assessed to be in the range of £18 million to mitigate financial risks.
What the accounts disclose
“One employee earned between £60,000 and £70,000 during the year (2023: one employee).” — page 29
“One employee earned between £60,000 and £70,000 during the year (2023: one employee).” — page 29
“Therefore, the Trustees have assessed the level of reserves and related investments required to meet these contingencies and mitigate against the current risk profile, to be in the range of £18 million.” — page 8
“During the year the REME Charity paid donations totalling £149,426 (2023: £121,207) to the REME Museum. The REME Charity operates payroll and manages transactions on behalf of the Museum. At the year end £337,805 was due to the REME Museum (2023: £269,908).”
“The REME charity provided a loan of £60,000 to the REME Trading company in 2024 (2023: funding of £40,000). The REME Trading Company donated £nil in profits (2023: £40,172) and made sales of goods from the shop totalling £38,402 (2023: £21,680) to the REME Charity during the year.”
“During the year the REME Charity paid donations totalling £149,426 (2023: £121,207) to the REME Museum. The REME Charity operates payroll and manages transactions on behalf of the Museum. At the year end £337,805 was due to the REME Museum (2023: £269,908).”
“The REME charity provided a loan of £60,000 to the REME Trading company in 2024 (2023: funding of £40,000). The REME Trading Company donated £nil in profits (2023: £40,172) and made sales of goods from the shop totalling £38,402 (2023: £21,680) to the REME Charity during the year.”
“The consolidated financial statements include the results of The Corps of Royal Electrical and Mechanical Engineers Museum (the REME Museum), charity number 272740. The REME Charity is deemed to have control over the REME Museum by having sole corporate trusteeship.” — page 43
Corporate structure
- Registered company of the charity Companies House 10036700
- Trading subsidiary: THE REME TRADING COMPANY LIMITED Companies House 10258502
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Brigadier Clare Phillips CBEchair
- Alexander Shand CEng
- COLONEL BOB FRAM
- Harriet Burns
- James Alexander Foster
- Lt Col Abigail Brown
- Major Paul Charles Dennis Hembery
- Megan Ashton RN
- Paul Tumim
- Trevor Hirst MSc CEng
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.1m | £3.0m |
| 31/12/2024 | £2.8m | £2.7m |
| 31/12/2023 | £2.5m | £2.6m |
| 31/12/2022 | £2.4m | £3.3m |
| 31/12/2021 | £2.5m | £2.3m |
Common questions
Is THE REME CHARITY financially healthy?
The accounts state that total income for the year was £2,831,837 against total expenditure of £2,671,988, resulting in a net increase in funds. The trustees consider the charity will continue as a going concern for at least 10 years, supported by investment assets exceeding £15 million and reserves assessed to be in the range of £18 million to mitigate financial risks. Its FY2024 accounts were audited by Godfrey Wilson Limited.
What does the highest-paid employee of THE REME CHARITY earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds THE REME CHARITY?
Funders whose own accounts filings name THE REME CHARITY as a grant recipient include WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | FY2023 | £1.2m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 2 | £890k |
| G F EYRE CHARITABLE TRUST | 1 | £800 |