UNITED KINGDOM RESERVE FORCES ASSOCIATION
Latest income
£515k
Latest spending
£582k
Registered
2018
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £106,385 at the year end, following a net movement in funds of (1,584). The Trustees consider this position acceptable to support ongoing activities, noting that liquidity was previously strengthened by pandemic carry-forwards which are now being absorbed. The charity reported total income of £543,025 and total expenditure of £544,609 for the period.
What the accounts disclose
Reserves policy: prudent to hold year to year surpluses to cover any delays especially in the receipt of incoming funding (held: £106k)
“In certain financial years the income received cannot be wholly spent by the year end, and as the highest level of expenditure occurs in the first 6 months of the financial year it is prudent to hold year to year surpluses to cover any delays especially in the receipt of incoming funding.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Honorarium of £25,144 paid to Trustee Colonel Christopher Lee Argent.
“During the year, honorarium totalling £25,144 (2023: £25,144) was paid to the Trustee, Colonel Christopher Lee Argent, to oversee and manage the military operations of the Charity.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Association has a related party relationship with the Ministry of Defence and the Single Armed Services under a Memorandum of Understanding and the majority of the Association’s Funding is provided by the Armed Services who directs the activities on which the Charity expends its Resources.
“The Association has a related party relationship with the Ministry of Defence and the Single Armed Services under a Memorandum of Understanding and the majority of the Association’s Funding is provided by the Armed Services who directs the activities on which the Charity expends its Resources.” — page 7
“The Association has a related party relationship with the Council of Reserve Forces & Cadets who provide two of the ex officio Trustees, the Secretary General and Director of Resources, together with providing free of charge office facilities, accountancy and secretarial services.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Association has a related party relationship with the Council of Reserve Forces & Cadets who provide two of the ex officio Trustees, the Secretary General and Director of Resources, together with providing free of charge office facilities, accountancy and secretarial services.
“The Association has a related party relationship with the Ministry of Defence and the Single Armed Services under a Memorandum of Understanding and the majority of the Association’s Funding is provided by the Armed Services who directs the activities on which the Charity expends its Resources.” — page 7
“The Association has a related party relationship with the Council of Reserve Forces & Cadets who provide two of the ex officio Trustees, the Secretary General and Director of Resources, together with providing free of charge office facilities, accountancy and secretarial services.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Structured financials (annual return, FY ending 31/03/2025)
Total income
£515k
Total spending
£582k
Reserves (reported)
£40k
Employees
0
Trustees
- Colonel CHRISTOPHER LEE ARGENT QVRM TD DL FCA
- Major General Gregory Stephen Smith CB QVRM TD
- Major General James Henry Gordon CB CBE
- Surgeon Commander Andrew William Murrison MP
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £515k | £582k |
| 31/03/2024 | £543k | £544k |
| 31/03/2023 | £373k | £452k |
| 31/03/2022 | £169k | £96k |
| 31/03/2021 | £190k | £80k |
Common questions
Is UNITED KINGDOM RESERVE FORCES ASSOCIATION financially healthy?
The accounts state that unrestricted reserves stood at £106,385 at the year end, following a net movement in funds of (1,584). The Trustees consider this position acceptable to support ongoing activities, noting that liquidity was previously strengthened by pandemic carry-forwards which are now being absorbed. The charity reported total income of £543,025 and total expenditure of £544,609 for the period. Its FY2024 accounts were independently examined.