THE ROYAL NAVAL BENEVOLENT TRUST (GRAND FLEET AND KINDRED FUNDS)
The RNBT gives help, in cases of need, to those who are serving or have served as ratings in the Royal Navy or as other ranks in the Royal Marines, and their dependants - The RNBT Family. We give financial support to individuals and provide care for older people.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved an operating surplus of £530k in 2024-25, a significant improvement from the previous year's deficit, driven by increased income and cost control. Per the trustees' report, unrestricted general funds stood at £16.1m, which is within the stated reserves policy target range of £10m to £16.9m, indicating strong financial sustainability.
What the accounts disclose
“Tim Forer, the Trust’s specialist Legal and Management Trustee is employed by Blake Morgan, the Trust’s solicitors. During the year £12,899 was paid to Blake Morgan (2024: £10,184) for advice on contracts and employment law matters.” — page 26
“The Trust owns a subsidiary company, RNBT Care Ltd which was created during the feasibility stage of the Admiral Jellicoe House Project but has never been used and is dormant.”
Corporate structure
- Trading subsidiary: RNBT CARE LIMITED Companies House 11820147
- The company is a trading subsidiary of a charity but has opted not to file the profit and loss account, limiting transparency on intra-group transactions or profit generation.
Leadership, per the charity’s website
- Commodore Russell Best RN OBE — Chair of Trustees
- Admiral Sir Tim Fraser KCB — President
- Dr Alf Crossman — Vice President and Honorary Treasurer
- Debbie Dollner — Chief Executive
- Colonel Matt Stovin-Bradford Royal Marines — Admiralty Governor
- Captain Ashley Spencer Royal Navy — Senior Serving Officer Trustee
- Lieutenant Commander Tim Forer Royal Navy — Specialist Trustee
- Nick Gartside CFA — Specialist Trustee
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (03/08/2018)
- Received assets from another charity (17/06/2016)
Trustees
- Russell Bestchair
- Adrian Boswell
- Anthony Michael Maher
- Captain Ashley Spencer RN
- David Baxter
- David McGinley
- Dr Alfred Victor Crossman
- Geoffrey Hounslea BEM
- Helen Wright
- Lieutenant Commander Tim Forer
- Matt Stovin-Bradford
- NICHOLAS JOHN GARTSIDE
- Natalie Ellis-Burt
- Pauline Shaw OBE
- Peter Hopkins
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £12.5m | £11.9m |
| 31/03/2024 | £9.3m | £11.5m |
| 31/03/2023 | £8.0m | £9.1m |
| 31/03/2022 | £6.3m | £5.9m |
| 31/03/2021 | £5.7m | £5.7m |
Common questions
Is THE ROYAL NAVAL BENEVOLENT TRUST (GRAND FLEET AND KINDRED FUNDS) financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved an operating surplus of £530k in 2024-25, a significant improvement from the previous year's deficit, driven by increased income and cost control. Per the trustees' report, unrestricted general funds stood at £16.1m, which is within the stated reserves policy target range of £10m to £16.9m, indicating strong financial sustainability. Its FY2025 accounts were audited by UHY Hacker Young.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARMED FORCES COVENANT FUND | 2 | £983k |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 2 | £495k |
| THE GOSLING FOUNDATION LIMITED | 2 | £109k |
| THE REED FOUNDATION | 1 | — |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | 1 | £720k |
| CSIS CHARITY FUND | 1 | £85k |
| LEST WE FORGET ASSOCIATION | 1 | £26k |
| THE ADDERSTONE FOUNDATION | 1 | £18k |
Charities like this
- THE ROYAL NAVAL BENEVOLENT SOCIETY FOR OFFICERS
- THE ROYAL NAVY AND ROYAL MARINES CHARITY
- The Naval Children's Charity
- THE ROYAL MILITARY POLICE CENTRAL BENEVOLENT FUND
- ROYAL NAVY WINTER SPORTS ASSOCIATION
- THE SHIPWRECKED FISHERMEN AND MARINERS' ROYAL BENEVOLENT SOCIETY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ROYAL NAVAL BENEVOLENT TRUST (GRAND FLEET AND KINDRED FUNDS) | £12.5m | — | — | unclear | — | no doubt |
| THE ROYAL NAVAL BENEVOLENT SOCIETY FOR OFFICERS | £1.7m | £90,001 - £100,000 | 1 | unclear | — | no doubt |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | £16.2m | — | — | unclear | — | no doubt |
| The Naval Children's Charity | £1.5m | — | — | unclear | — | no doubt |
| THE ROYAL MILITARY POLICE CENTRAL BENEVOLENT FUND | £278k | — | 0 | within | — | no doubt |
| ROYAL NAVY WINTER SPORTS ASSOCIATION | £700k | — | 0 | unclear | — | no doubt |