HONOURABLE ARTILLERY COMPANY
Support of the HAC Regiment (a Reserve Unit of the Army), a Detachment of the City of London Special Constabulary, Benevolent Fund and ceremonial Sub-units (The Pikemen & Musketeers and the Light Cavalry), Conservation of the Company's Estate and Preservation of the Company's Treasures; by assisting with recruitment, Sustaining Company Membership and ensuring Long-Term Sustainability.
Latest income
£5.4m
Latest spending
£5.2m
Registered
1964
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £918k for the year ended 31 October 2025, with total consolidated net assets standing at £58,319k. The trustees and auditors confirm that the charity is prepared on a going concern basis, with sufficient resources to meet ongoing liabilities and continue in operational existence for the foreseeable future.
What the accounts disclose
Employees paid over £60,000: 6
“Number of employees earning between £60k and £70k 2 Number of employees earning between £70k and £80k 2 Number of employees earning between £80k and £90k 1 Number of employees earning between £170k and £180k 1” — page 36
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: not less than £1m in aggregate (held: £1.0m)
“The Court Policy on unrestricted funds is to hold a general reserve of not less than £1m in aggregate.” — page 8
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Major Charles Marment received £3,409 for services; Lt Col G R Cobb received free accommodation and £40k Active Unit Grant.
“Fees totalling £3,409 (2024: £2,872) were charged to the Company by Major Charles Marment, a Trustee, for services as Secretary to the HAC Regimental Council. The Commanding Officer of the Regiment, Lieutenant Colonel G R Cobb VR, who is also a Trustee of the Company, is provided with free accommodation and also has exclusive discretion over the application of the Active Unit Grant. The Active Unit Grant amounted to £40k for the year ended 31 October 2025” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee fees
“Fees totalling £3,409 (2024: £2,872) were charged to the Company by Major Charles Marment, a Trustee, for services as Secretary to the HAC Regimental Council.” — page 37
“The Commanding Officer of the Regiment, Lieutenant Colonel G R Cobb VR, who is also a Trustee of the Company, is provided with free accommodation and also has exclusive discretion over the application of the Active Unit Grant. The Active Unit Grant amounted to £40k for the year ended 31 October 2025” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee accommodation and grant
“Fees totalling £3,409 (2024: £2,872) were charged to the Company by Major Charles Marment, a Trustee, for services as Secretary to the HAC Regimental Council.” — page 37
“The Commanding Officer of the Regiment, Lieutenant Colonel G R Cobb VR, who is also a Trustee of the Company, is provided with free accommodation and also has exclusive discretion over the application of the Active Unit Grant. The Active Unit Grant amounted to £40k for the year ended 31 October 2025” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: HAC Enterprises Limited, HAC Flank Companies’ Ball Limited, 14 City Road Residential Ltd, Pencelli Limited
“The Charity has four wholly-owned non-charitable subsidiaries: HAC Enterprises Limited and HAC Flank Companies’ Ball Limited, both of which carry out fundraising activities for the Charity; 14 City Road Residential Ltd, which was set up this financial year and Pencelli Limited, which was set up to hold the assets of the Welsh Pencelli Estate situated in the Brecon Beacons.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/10/2025)
Total income
£5.4m
Total spending
£5.2m
Cost of raising funds
£1.7m
Reserves (reported)
£2.0m
Employees
27
Trustees
- Adam George Edward Bate
- Benjamin Mountstephen Symes
- Charlotte India Alder
- Colonel Robert Stuart Thomas Murphy
- Dr Nishma Shah
- Edmund Dadzie-Yorke
- Edward Robert Haines
- Ian Frederick Sivyer
- James Gordon Brooke
- Jay Asher
- LT. COL JOHN ROBERT LONGBOTTOM
- Lenore Alison Dudman
- Lieutenant Colonel Karl Eze
- Lt Col Christian Oliver Lewis Wragg
- Lt Col Martin Douglas King
- Lt Col Simon John Rhodes Halliday TD
- Lt General Sir Charles Roland Vincent Walker KCB DSO
- MAJOR SIMON CHRISTOPHER BRIGGS TD
- Maj Iain Cardean Spottiswoode Morpeth TD
- Major Anthony Hugh Samuel Gabb
- Major Francis Oliver Smiddy
- Major Gregory Morden Hall
- Major Hari Voyantzis
- Major James Alexander Robinson
- Major Peter Dirom Courtenay Vyvyan-Robinson
- Major Robert Patrick Quain
- Michael John Cutteridge
- Simon Charles Garrett
- Timothy Lloyd Davies
- William Hulbert Grove
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £5.4m | £5.2m |
| 31/10/2024 | £5.3m | £5.2m |
| 31/10/2023 | £5.1m | £5.7m |
| 31/10/2022 | £4.6m | £4.1m |
| 31/10/2021 | £3.4m | £3.0m |
Common questions
Is HONOURABLE ARTILLERY COMPANY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £918k for the year ended 31 October 2025, with total consolidated net assets standing at £58,319k. The trustees and auditors confirm that the charity is prepared on a going concern basis, with sufficient resources to meet ongoing liabilities and continue in operational existence for the foreseeable future. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds HONOURABLE ARTILLERY COMPANY?
Funders whose own accounts filings name HONOURABLE ARTILLERY COMPANY as a grant recipient include NUFFIELD TRUST FOR THE FORCES OF THE CROWN, CHARTERED ACCOUNTANTS' LIVERY CHARITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NUFFIELD TRUST FOR THE FORCES OF THE CROWN | FY2024 | £3k | ADVENTUROUS TRAINING & EXPEDITIONS |
| CHARTERED ACCOUNTANTS' LIVERY CHARITY | FY2023 | £3k | Military Welfare Grants |
| NUFFIELD TRUST FOR THE FORCES OF THE CROWN | FY2023 | £2k | Reserves (Ulysses Trust) |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COLONEL W H WHITBREAD CHARITABLE TRUST | 1 | £15k |
| THE SUNRISE (SIDMOUTH) CHARITABLE TRUST | 1 | £7k |
| THE W A HANDLEY CHARITY TRUST | 1 | £5k |
| THE BARBERS' COMPANY GENERAL CHARITIES | 1 | £3k |
| THE CATHERINE COOKSON CHARITABLE TRUST | 1 | £2k |
Charities like this
- ROYAL ARTILLERY INSTITUTION LIMITED
- THE HOUSEHOLD DIVISION CHARITY
- ROYAL ARTILLERY CHARITABLE FUND
- THE REGIMENTAL CHARITY OF THE DUKE OF LANCASTER'S REGIMENT (KING'S, LANCASHIRE AND BORDER)
- THE LIGHT DRAGOONS REGIMENTAL CHARITY
- ARMY RIFLE ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HONOURABLE ARTILLERY COMPANY | £5.4m | — | 6 | unclear | — | no doubt |
| ROYAL ARTILLERY INSTITUTION LIMITED | £951k | — | 0 | above | — | no doubt |
| THE HOUSEHOLD DIVISION CHARITY | £2.1m | — | 0 | above | — | no doubt |
| ROYAL ARTILLERY CHARITABLE FUND | £1.8m | — | 0 | above | 0.6% | no doubt |
| THE REGIMENTAL CHARITY OF THE DUKE OF LANCASTER'S REGIMENT (KING'S, LANCASHIRE AND BORDER) | £255k | — | 0 | above | — | no doubt |
| THE LIGHT DRAGOONS REGIMENTAL CHARITY | £201k | — | 0 | unclear | — | no doubt |