THE ROYAL ARTILLERY ASSOCIATION
Latest income
£244k
Latest spending
£347k
Registered
1964
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity had a net decrease in funds of £18,764 for the year, driven by an excess of expenditure over income before investment gains. However, unrestricted reserves remain strong at £1,587,145, which the trustees confirm exceeds their stated minimum requirement of £1,000,000. The charity maintains adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
Reserves policy: minimum of £1,000,000 in free reserves (held: £1.6m)
“Following the 2024 review, the trustee determined that the RAA should hold a minimum of £1,000,000 in free reserves to be assured that we are able to sustain the support we provide to the regimental family in the long term as well as meet other obligations, irrespective of fluctuations in income and without creating the need to actively fundraise.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Investment fees owed to RACF
“An amount of £21,865 (2023: £32,544) is included within creditors for the RACF. The RACF corporate trustee of the RAA. This income relates to Investment fees owed from RAA to RACE.” — page 24
“The RACF made a £28,774 (2023: £35,841) grant to the RAA in 2024.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grant from RACF
“An amount of £21,865 (2023: £32,544) is included within creditors for the RACF. The RACF corporate trustee of the RAA. This income relates to Investment fees owed from RAA to RACE.” — page 24
“The RACF made a £28,774 (2023: £35,841) grant to the RAA in 2024.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2020)
Total income
£883k
Total spending
£168k
Cost of raising funds
£40
Reserves (reported)
£1.0m
Employees
0
Trustees
- ROYAL ARTILLERY CHARITABLE FUND (210202)
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £244k | £347k |
| 31/12/2023 | £270k | £325k |
| 31/12/2022 | £241k | £308k |
| 31/12/2021 | £148k | £221k |
| 31/12/2020 | £883k | £168k |
Common questions
Is THE ROYAL ARTILLERY ASSOCIATION financially healthy?
The accounts state that the charity had a net decrease in funds of £18,764 for the year, driven by an excess of expenditure over income before investment gains. However, unrestricted reserves remain strong at £1,587,145, which the trustees confirm exceeds their stated minimum requirement of £1,000,000. The charity maintains adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Saffery LLP.
Who funds THE ROYAL ARTILLERY ASSOCIATION?
Funders whose own accounts filings name THE ROYAL ARTILLERY ASSOCIATION as a grant recipient include THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE MANCHESTER GUARDIAN SOCIETY CHARITABLE TRUST | FY2024 | £500 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 28/05/2014 | £8k | "Tyneside Scottish Centenary - TS100" |
| The National Lottery Heritage Fund | 23/04/2008 | £4k | "This Branch Of The Royal Artillery Association (Raa) Will Use An Award To Allow Members To Attend The National Assembly Of The Raa In May. T" |
| The National Lottery Heritage Fund | 28/04/2006 | £5k | "This Group Provides Activities For Ex Members Of The Royal Artillery And Their Families. The Project Is To Fund Visits To Places Of Interest" |
| The National Lottery Heritage Fund | 22/11/2005 | £5k | "The project is to enable former members of the Royal Artillery to visit the Firepower museum.The money is for travel and accommodation." |
| The National Lottery Heritage Fund | 15/07/2005 | £120 | "The Coventry Branch Of The Royal Artillery Association Will Use An Award To Hold A 60th Anniversary Commemoration Dinner Dance, The Event Wi" |
| The National Lottery Heritage Fund | 22/06/2005 | £58 | "The Workington Branch Of The Royal Artillery Association Will Use An Award To Hold A Ve Day Celebratory Evening With Live Entertainment." |
| The National Lottery Heritage Fund | 13/05/2005 | £345 | "The North West Region Of The Royal Artillery Association Will Use An Award To Host A Commemoration Parade And Service, This Will Include A C" |
| The National Lottery Heritage Fund | 28/04/2005 | £366 | "The Shoeburyness Branch Of The Royal Artillery Association Will Use A Grant To Hold A Ve/Vj Night To Commemorate The 60th Anniversary Of The" |
| The National Lottery Heritage Fund | 15/12/2004 | £5k | "The Focus Of The Group Is To Promote Comradeship Between Veteran Gunners And Present Serving Gunners In The Royal Artillery And To Assist Wi" |
| The National Lottery Heritage Fund | 15/06/2004 | £1k | "The Royal Artillery Association Of Blackpool And Fylde Have Been Awarded A Grant Towards The Cost Of Activities In Celebration Of The 60th A" |
| The National Lottery Heritage Fund | 27/11/2003 | £4k | "A Project To Benefit Ex-Servicemen And Their Families In Walsall With The Provision Of A Day Trip And A Celebratory Dinner. The Grant Will" |
| The National Lottery Heritage Fund | 30/05/2003 | £2k | "This Group Provides Social Activities For Ex-Comrades. Their Project Is To Take Members To Visit The New Museum Of The Royal Artillery In Lo" |
| The National Lottery Heritage Fund | 04/11/2002 | £5k | "This Group Of Ex-Servicemen Would Like Funds To Enable Them To Undertake A Trip To Visit Various Sites Of Interest To Them, Such As The Head" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROYAL ENGINEERS CENTRAL CHARITABLE TRUST | 1 | £860k |
| THE SUNRISE (SIDMOUTH) CHARITABLE TRUST | 1 | £4k |