THE ROYAL ENGINEER YACHT CLUB
Promotion of the efficiency of the armed forces of the Crown by:a. provision and support of sailing facilities, equipment and activities.b. increasing physical fitness through sailing.c. providing experience and developing leadershipd. encouraging esprit de corps through representation in sporting competitions.e. providing an association supporting serving and veteran Royal Engineers.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £43,415 for the year ended 31 December 2024, reversing a surplus from the previous year due to a significant decrease in grants received. Per the trustees' report, the charity remains solvent with total funds of £393,930, maintaining a reserves policy to hold a minimum of six months' operating capital as cash.
What the accounts disclose
“The Ctub's reserves poLicy is to maintain a minimum of 6 months' operating capital held as cash.” — page 10
Trustees
- Brigadier Gavin Hatcher CBE
- Brigadier Stephen Hodder
- Lieutenant Colonel Charles Battey
- Lieutenant Colonel Murray Smith
- Lieutenant Colonel Timothy Ives
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £61k | £105k |
| 31/12/2023 | £134k | £94k |
| 31/12/2022 | £20k | £81k |
| 31/12/2021 | £193k | £157k |
| 31/12/2020 | £130k | £147k |
Common questions
Is THE ROYAL ENGINEER YACHT CLUB financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £43,415 for the year ended 31 December 2024, reversing a surplus from the previous year due to a significant decrease in grants received. Per the trustees' report, the charity remains solvent with total funds of £393,930, maintaining a reserves policy to hold a minimum of six months' operating capital as cash. Its FY2024 accounts were independently examined.