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THE ROYAL LOGISTIC CORPS MUSEUM TRUST CIO

Registered charity 1172831 · accounts filings on the Charity Commission register

Operation of the museum of The Royal Logistic Corps telling the story of Army logistics from the current day back through the period of the predecessor corps and organisations.

Causes: Education/training · Armed Forces/emergency Service Efficiency · website · Get email alerts

Latest income
£390k
Latest spending
£450k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £2,375,156, which the trustees consider sufficient to operate the museum for eight years if all external funding were withdrawn. Although charitable activities and fundraising costs exceeded income by £60,234, the charity remains on a sound financial footing supported by significant investment assets and ongoing grants from the Ministry of Defence and The RLC Charity.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three and six month's expenditure (held: £2.4m)
“It is the policy of the trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Moore (South) LLP. Discloses 5 of 6 completeness components.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2022)

Total income
£502k
Total spending
£516k
Cost of raising funds
£24k
Reserves (reported)
£2.4m
Employees
5

Reported reserves equal ~55.2 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (91% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 4.8% of total income — above the median for charities its size (2.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£390k£450k
31/12/2023£424k£402k
31/12/2022£502k£516k
31/12/2021£443k£763k
31/12/2020£491k£1.5m

Common questions

Is THE ROYAL LOGISTIC CORPS MUSEUM TRUST CIO financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,375,156, which the trustees consider sufficient to operate the museum for eight years if all external funding were withdrawn. Although charitable activities and fundraising costs exceeded income by £60,234, the charity remains on a sound financial footing supported by significant investment assets and ongoing grants from the Ministry of Defence and The RLC Charity. Its FY2024 accounts were audited by Moore (South) LLP.