ARMY AIR CORPS CHARITY
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £203,396, which the Trustees deem adequate to meet current demands despite being a conservative figure. The charity relies principally on investment income to fund its activities, with voluntary contributions from the serving community identified as a risk due to potential reductions in workforce numbers. The Trustees maintain a policy of retaining invested funds to mitigate against inflation and increased demand, noting that an irreducible minimum of £6mn in investments is required to run the charity.
What the accounts disclose
“The current free reserves of £400,000 is still deemed adequate to meet demands now, but it is acknowledged that this is a conservative figure. The Trustees have agreed to retain this current level for the time being.”
“During the year a sponsorship donation totalling £5,000 (2023 £5,000) was received from a company for whom a trustee of the Army Air Corps Charity is an employee.” — page 27
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Colonel Edward Jonathon Butterworthchair
- Captain Benjamin Handcock
- Col Ret'd Alexander Vivian Tucker
- Colonel James Francis Peycke
- Colonel Penelope Susan Kitson
- Colonel Timothy William Joe Pittaway MBE
- Colonel Toby Moore MBE
- Harriet James
- Lt Col David Lambert MBE
- Major Hannah Rachel Mathers
- SSgt Katie-Leigh Carter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £739k | £734k |
| 31/03/2024 | £722k | £709k |
| 31/03/2023 | £701k | £691k |
| 31/03/2022 | £607k | £700k |
| 31/03/2021 | £598k | £543k |
Common questions
Is ARMY AIR CORPS CHARITY financially healthy?
The accounts state that the charity holds unrestricted reserves of £203,396, which the Trustees deem adequate to meet current demands despite being a conservative figure. The charity relies principally on investment income to fund its activities, with voluntary contributions from the serving community identified as a risk due to potential reductions in workforce numbers. The Trustees maintain a policy of retaining invested funds to mitigate against inflation and increased demand, noting that an irreducible minimum of £6mn in investments is required to run the charity. Its FY2024 accounts were audited by Xeinadin Audit Ltd.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JORON CHARITABLE TRUST | 2 | £15k |
| THE ARMY DEPENDANTS' TRUST | 1 | £2.5m |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £860k |
| THE REME CHARITY | 1 | £178k |
| ROYAL ARTILLERY CHARITABLE FUND | 1 | £159k |
| THE RIFLES BENEVOLENT TRUST | 1 | £120k |
| P F CHARITABLE TRUST | 1 | £80k |