THE ROYAL FLEET CLUB DEVONPORT
PROVISSION OF ASSISTANCE FOR ARMED FORCES AND VETERANS PERSONELL (WESTERN AREA)
Financial health, per its FY2025 accounts
The accounts state that total net assets increased to £1,265,409, driven by a £9,727 revaluation gain on investments and net income of £6,976. The charity maintains sufficient free reserves, with investments valued at £1,111,290, to meet its charitable objectives and manage risks. The independent examiner confirmed that no material matters came to attention regarding the accounts' compliance with regulations.
What the accounts disclose
“The Trustees aim to ensure that the charity will be able to fulfil its charitable objectives even if there is a temporary shortfall in income and unexpected expenditure. The Trustees will not set aside funds unnecessarily.”
Trustees
- Rear Admiral SIMON PAUL WILLIAMS CB CVOchair
- LEE CARR
- Lt Phillip Eddie RN
- Sian Parnell
- TIMOTHY ANDREW PRICE
- WO STEPHEN MARK NICHOLSON RN
- WO Steven Paul Harvey RN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £28k | £21k |
| 31/03/2024 | £22k | £23k |
| 31/03/2023 | £22k | £23k |
| 31/03/2022 | £36k | £30k |
| 31/03/2021 | £36k | £15k |
Common questions
Is THE ROYAL FLEET CLUB DEVONPORT financially healthy?
Per its FY2025 accounts: The accounts state that total net assets increased to £1,265,409, driven by a £9,727 revaluation gain on investments and net income of £6,976. The charity maintains sufficient free reserves, with investments valued at £1,111,290, to meet its charitable objectives and manage risks. The independent examiner confirmed that no material matters came to attention regarding the accounts' compliance with regulations. Its FY2025 accounts were independently examined.