THE RAEC AND ETS BRANCH ASSOCIATION
(1) Provide support to former members of the AEC/RAEC, serving & former officers of the AGC(ETS) Branch & former members of WRAC permanently employed with RAEC, and their dependants who are in need hardship or distress.(2) Promote the military efficiency of the Army specifically the ETS Branch by fostering esprit de corps within the Branch and preserving its traditions and those of the AEC/RAEC.
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds amounted to £814,083.85 as of 31 December 2024, comprising a General Investment Fund and a designated Benevolent Investment Fund. The charity reported a net increase in funds for the year, with total income of £40,705.68 exceeding total expenditure of £37,362.67. The trustees confirmed that the charity is operating on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The Trustees’ agreed policy is that the Benevolence Fund is to hold sufficient assets in an immediate access current account to cover immediate benevolence requirements. The General Fund current account is to hold sufficient assets to meet the provisions of Object 4 and to meet the administrative costs of running the Association.” — page 6
Trustees
- Suzy Holmeschair
- Colonel Stuart Allen
- David Bornstein
- David William Pittendreigh
- Jennifer Clare Painting
- John Herbert Jenkins
- Jonathan Taffs
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £38k |
| 31/12/2023 | £47k | £59k |
| 31/12/2022 | £51k | £51k |
| 31/12/2021 | £36k | £43k |
| 31/12/2020 | £30k | £35k |
Common questions
Is THE RAEC AND ETS BRANCH ASSOCIATION financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds amounted to £814,083.85 as of 31 December 2024, comprising a General Investment Fund and a designated Benevolent Investment Fund. The charity reported a net increase in funds for the year, with total income of £40,705.68 exceeding total expenditure of £37,362.67. The trustees confirmed that the charity is operating on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.