THE NAVAL REVIEW
Publishes a quarterly Journal of Record to promote the advancement and spreading within the Service of knowledge relevant to the higher aspects of the Naval Profession.Provides a web-site in support of the same activity
Financial health, per its FY2024 accounts
The accounts state that total net assets increased to £121,024, with unrestricted reserves of £115,798. However, the trustees note that the charity worked hard to stay within its means due to a tight cost base, with payments exceeding receipts by £22,605 for the year. Reserves were maintained at a level equivalent to nine months' expenditure, falling below the stated policy target of 18 to 24 months.
What the accounts disclose
“Based on General Fund expenditure in 2024, reserves on 31 December 2024 equated to 9 months’ expenditure.”
“Notwithstanding a tight cost base, the Review has had to work very hard to stay within its means. This remains a key area of concern, and there are a number of projects underway to address this shortfall by increasing membership, seeking sponsorship and advertising in the hard copy and on the website.” — page 3
Trustees
- Rear Admiral Timothy Michael Henry OBEchair
- Captain Frances Ann Coles-Hendry RN
- Colleen Deanna Martin
- Commodore David Ian Burns RN
- Commodore Sarah Ellen Oakley RN
- Hon Captain James Richard Sproule RNR
- Lieutenant Colonel Jonathan Edward James Felton RM
- Lieutenant Maximilian Till RN
- Professor Timothy John Benbow
- Vice Admiral Robert George Pedre CB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £132k | £155k |
| 31/12/2023 | £90k | £110k |
| 31/12/2022 | £152k | £124k |
| 31/12/2021 | £84k | £98k |
| 31/12/2020 | £94k | £105k |
Common questions
Is THE NAVAL REVIEW financially healthy?
Per its FY2024 accounts: The accounts state that total net assets increased to £121,024, with unrestricted reserves of £115,798. However, the trustees note that the charity worked hard to stay within its means due to a tight cost base, with payments exceeding receipts by £22,605 for the year. Reserves were maintained at a level equivalent to nine months' expenditure, falling below the stated policy target of 18 to 24 months. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HMS VICTORY PRESERVATION ENDOWMENT FUND | 1 | £9.2m |
| ARMED FORCES COVENANT FUND | 1 | £384k |
| THE BRITTEN FOUNDATION | 1 | £39k |
| THE CORPORATION OF TRINITY HOUSE OF DEPTFORD STROND | 1 | £21k |
| THE ADDERSTONE FOUNDATION | 1 | £18k |
| DRAPERS CHARITABLE FUND | 1 | £15k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, CLARENDON PARK, LEICESTER | 1 | £3k |
Charities like this
- SOCIETY FOR NAUTICAL RESEARCH
- THE NAVIGATORS UK LIMITED
- THE ROYAL NAVY AND ROYAL MARINES CHARITY
- ROYAL INSTITUTE OF NAVIGATION
- ROYAL INSTITUTION OF NAVAL ARCHITECTS
- FLY NAVY HERITAGE TRUST LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE NAVAL REVIEW | £132k | — | 0 | below | — | noted |
| SOCIETY FOR NAUTICAL RESEARCH | £250k | — | 0 | unclear | — | no doubt |
| THE NAVIGATORS UK LIMITED | £2.2m | — | 0 | unclear | — | no doubt |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | £13.7m | — | — | unclear | — | no doubt |
| ROYAL INSTITUTE OF NAVIGATION | £705k | £80,001 - £90,000 | 1 | unclear | — | no doubt |
| ROYAL INSTITUTION OF NAVAL ARCHITECTS | £1.9m | £100,001 - £110,000 | 5 | unclear | — | no doubt |