THE VICTORY (SERVICES) ASSOCIATION
Residential Club for Servicemen and Women both serving and ex-service and their families providing accommodation,restaurants,conference,banqueting,exhibition and social events to members and others.
Financial health, per its FY2025 accounts
The accounts state that the charity closed the financial year with a strong cash position of £4,245,922 and total unrestricted reserves of £9,432,134. Per the trustees' report, the charity generated a net surplus of £966,929 and maintains a reserves policy target of twelve months of operating costs, which it has exceeded. The trustees and auditors confirm the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“Catering and accommodation 8,199,965”
“The Charity’s unrestricted reserve to cover business downturn, property and staff risk would be built up to twelve months of operating costs (currently calculated at £10.9m);” — page 11
“At the year end VSC (Trading) Limited (the subsidiary) owed The Victory (Services) Association £410,849 (2024: £2,330,224). There we no other related party transactions. Payments from VSC (Trading) Limited to parent charity for shared resources Profits donated by VSC (Trading) to The Victory (Services) Association” — page 30
“The Association holds 100% of the share capital of VSC (Trading) Limited, registered number 03532841. This company is responsible for using the Association’s facilities and resources which fall outside the charitable objectives of the Association by generating income to support the charitable objectives.” — page 7
Corporate structure
- Registered company of the charity Companies House 00429298
- Trading subsidiary: VSC (TRADING) LIMITED Companies House 03532841
- Turnover: £1.3m
- Profit before tax: £135k
- Donated/gift-aided to the charity: £154k
- Note 5 discloses £410,849 (2024: £2,330,224) in creditors for amounts owed to group undertakings.
“Distributions to parent charity under gift aid”
Company officers (Companies House)
- JENNINGS, Tamara, Air Vice-Marshal on trustee list
- LISHMAN, Heather Louisa on trustee list
- PENTREATH, Jonathan Patrick not on trustee list
- HENDIN, Edward John Beauchamp Charles on trustee list
- TAYLOR-STAGG, Joanne Elizabeth on trustee list
- JOHNSON, Rupert James Spencer on trustee list
- GUNNING, Stuart on trustee list
- HARVEY, Celia, Major General on trustee list
- MASON, Jeffrey Sinclair, Major General on trustee list
- CLAYTON, Petra Louise on trustee list
- ROBERTS, Gethin Pritchard on trustee list
- FRANCIS, Colin
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Air Vice-Marshal Tamara Jennings
- Edward Hendin
- Gethin Pritchard Roberts
- Heather Lishman
- Joanne Taylor-Stagg
- Katherine Gent
- Major General Celia Harvey
- Major General Jeffrey Sinclair Mason
- Petra Louise Clayton
- Rear Admiral Jonathan Pentreath CB OBE
- Rupert James Spencer Johnson
- Stuart Gunning
- Tamara Jennings
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £11.9m | £10.9m |
| 31/03/2024 | £11.2m | £9.9m |
| 31/03/2023 | £9.5m | £8.6m |
| 31/03/2022 | £6.2m | £6.2m |
| 31/03/2021 | £2.7m | £5.4m |
Common questions
Is THE VICTORY (SERVICES) ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity closed the financial year with a strong cash position of £4,245,922 and total unrestricted reserves of £9,432,134. Per the trustees' report, the charity generated a net surplus of £966,929 and maintains a reserves policy target of twelve months of operating costs, which it has exceeded. The trustees and auditors confirm the charity is a going concern with no material uncertainties identified. Its FY2025 accounts were audited by Moore Kingston Smith.
Who funds THE VICTORY (SERVICES) ASSOCIATION?
Funders whose own accounts filings name THE VICTORY (SERVICES) ASSOCIATION as a grant recipient include NUFFIELD TRUST FOR THE FORCES OF THE CROWN, THE ARMY CENTRAL FUND.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| NUFFIELD TRUST FOR THE FORCES OF THE CROWN | FY2023 | £991k | Victory Services Club |
| THE ARMY CENTRAL FUND | FY2023 | £69k | Club support |
| NUFFIELD TRUST FOR THE FORCES OF THE CROWN | FY2023 | £50k | Capital grant - Royal Air Force |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| QUEEN MARY'S ROEHAMPTON TRUST | 2 | £40k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BOTOLPH-WITHOUT-BISHOPSGATE | 1 | — |
| THE SACKLER TRUST | 1 | £500k |
| THE MICHAEL UREN FOUNDATION | 1 | £400k |
| HEDLEY FOUNDATION LIMITED | 1 | £382k |
| THE WESTMINSTER FOUNDATION | 1 | £107k |
| DRAPERS CHARITABLE FUND | 1 | £60k |
| THE ROYAL NAVY AND ROYAL MARINES CHARITY | 1 | £60k |
Charities like this
- THE UNION JACK CLUB
- VICTORY BIBLE CHURCH INTERNATIONAL
- VICTORY CHRISTIAN CENTRE (THE CHURCH) IN FELLOWSHIP WITH ASSEMBLIES OF GOD
- VETERANS AID
- VICTORY IN CHRIST MINISTRIES
- BOURNEMOUTH WAR MEMORIAL HOMES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE VICTORY (SERVICES) ASSOCIATION | £11.9m | — | — | unclear | — | no doubt |
| THE UNION JACK CLUB | £12.5m | £130,001 - £140,000 | 8 | above | — | no doubt |
| VICTORY BIBLE CHURCH INTERNATIONAL | £2.6m | £60,001 - £70,000 | 1 | above | — | no doubt |
| VICTORY CHRISTIAN CENTRE (THE CHURCH) IN FELLOWSHIP WITH ASSEMBLIES OF GOD | £174k | — | 0 | within | — | no doubt |
| VETERANS AID | £2.2m | £90,000 - £99,999 | 4 | unclear | — | no doubt |
| VICTORY IN CHRIST MINISTRIES | £130k | — | 0 | unclear | — | no doubt |