_RNA Standards paraded outside the Welsh Assembly building at the RNA National Conference in Cardiff_
## **Royal Naval Association Annual Trustees Report 2024**
**Includes**
**Report to Annual Conference 2025 Annual Accounts for Financial Year 2024**
Central Office Lanyard House, Scott Road HMNB PORTSMOUTH, PO1 3LU
- - www.royal naval associaton.co.uk
Registered Charity Number 266982
## **EXECUTIVE SUMMARY**
## 1. **Central Office Address**
Royal Naval Association Central Office Lanyard House Scott Road HMNB PORTSMOUTH Hants PO1 3LU
RNA Central Office, HMNB Portsmouth
2. **The Trustees.** As at 31 December 2024 the Trustees of the Royal Naval Association were:
VAdm D L Potts CB National President Cdre M Slawson OBE RN Deputy National President S/m R Lock MBE Vice-President S/m K Ridley Vice-President/NCM 6 Area WO1 Vice President – WORN WO1 C Robson Vice President – Serving Member S/M A Christie National Chair/NCM 3
S/M A Christie National Chair/NCM 3 Area S/M D Potter NCM 2 Area S/M W Belfitt NCM 4 Area S/M P Chivers NCM 5 Area S/M L Higgon-Young NCM 7 Area/Overseas S/M P Harries NCM 9 Area S/M S Simmons NCM 10 Area S/M R Hastie-Murray NCM 11 Area S/m P Stephenson NCM 12 Area (Ireland) S/M S Elliot NCM Scottish Area S/M I Irvin National Treasurer
No 1 and 8 Areas NCM/Trustee billet are currently vacant.
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New National Chairman: Peter Godwin
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RNA Annual Trustees Report for 2024
3. **Executive Staff.** The Trustees delegate responsibility for the day-to-day management of the affairs of the Association to its General Secretary, Capt Bill Oliphant RN. The Central Office team in 2024 consisted of:
_S/m Andy Christie - National Chairman_
4. **Independent Examination.** The Association’s Auditors acting as independent examiners are Messrs Brooms Professional Services Ltd of Broom House, 39/43 London Road, Hadleigh, BENFLEET, Essex, SS7 2QL. They are represented by Mr Kevin Cornelius a Director of the Company.
5. **Bankers** . Our bookkeeping and management accounts are now done by RNRMC and our accounts sit with the RBS. Branch: Holt’s, 31-35 Victoria Rd, Farnborough, GU14 7NR. Our investment managers are Sarasin and Partners LLP under a custody arrangement with the RNRMC on a unitised basis. The National Hon Treasurer, Ian Irvin, represents the Association at the RNRMC Investment Committee.
6. **Solicitors.** The Association’s Solicitors are Messrs Blake Morgan LLP, Harbour Court, Compass Rd, Portsmouth PO6 4ST.
7. **Advisors** . In addition, the Trustees have appointed a number of Advisors to assist the Association Management Committee:
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S/M Nick Purkis Head of Governance Committee S/M Geoff Apperley BEM National Welfare Advisor S/M Mike Smyth National Ceremonial Advisor S/M Gareth Booth National Branch Recruitment and Retention Advisor S/M Steven Caulfield National Events Advisor S/M Terry Whitty HMS RALEIGH Lead Mentor
## **Report of the Trustees for the year ended 31 December 2024**
## **GOVERNANCE AND MANAGEMENT**
8. The Trustees present their annual report and financial statements of the Charity for the year ended 31 December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
The original Charter hangs in Central Office in HMNB Portsmouth
accounts and comply with the Charity’s Royal Charter, the Charities Act 2011 (in accordance with note 1 to the Accounting Policies YE 31 December 2020 sub para a ‘Accounting Convention’) and the Statement of Recommended Practice 2015. The accounts have been prepared under the provisions of FRS 102.
9. The Royal Naval Association was incorporated by Royal Charter granted by Her Majesty The Queen on the advice of Her Privy Council on 15[th] July 1954. A Supplemental Charter was granted on 26[th] May 1990, which is the Charter now in force and forms the basis of the current Rules and Bye-Laws and is our primary governance document. There was a minor revision of the Charter and more significant revision of the Rules and Bye-Laws during 2014. The Charter and Rules are subject to minor amendments annually depending on Conference motions. In May, 2024, His Majesty The King,
confirmed the Monarch’s patronage of the Association.
10. The Trustees comprise the National President, Deputy National President, National Vice Presidents which includes the Warrant Officer to the Royal Navy
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(WORN), in addition a serving Warrant Officer, National Honorary Treasurer and elected members of the National Council. Each elected member of the National Council represents a loosely defined geographical area and is elected for a period of two years by a simple majority based on a postal poll of Branches within the area represented. These are counted and reported on by members of the Standing Orders Committee at each Annual Conference. The National President, Deputy National President, National Vice Presidents, National Honorary Legal Adviser and National Honorary Treasurer (when not an elected NCM) are appointed by the National Council, as are the two RN Warrant Officers. The National Council of the Association delegates routine work to three sub-committees – the Finance and Administration Committee (FAC) **,** Association Management Committee (AMC) and the Governance Committee. In 2022, it also established a Diversity and Inclusion Advisory Group (DIAG).
11. Newly appointed Trustees are provided with information regarding their legal duties and responsibilities, as well as key documents published by the Charity Commission. As soon as practicably possible, Trustees training is also conducted. The General Secretary also arranges Trustees Continuation Training.
12. Details of the Association’s officials are included on the Association website (here) which allows members of the public and Association members to know easily who represents them and manages the affairs of the Charity. Due to unforeseen work commitments, S/M Peter Godwin was unfortunately not able to continue as National Chairman and S/M Andy Christie was elected to succeed him. The RNA enjoys membership of: COBSEO; the International Maritime Confederation and the Conference of Naval Associations – the latter two the RNA currently chairs. The RNA has a formal Memorandum of Understanding with the Royal Navy which was last updated in 2023. There is a strong network of naval charities who are in regular communication. These include, but are not limited to: RNRMC, Greenwich Hospital, RNBT, the Naval Families Federation and the Royal Marines Association. The General Secretary acts as a managing member of the Irish ex-Services Trust disbursement committee.
13. **Central Office.** RNA Central Office is located in Scott Road and the building is shared with the Association of Wrens. The Board of Trustees would like to take this opportunity to thank the Second Sea Lord and Naval Base Commander (Portsmouth) for their continued support of the RNA in providing premises within the Naval Base for use as RNA Central Office.
## 14. **Objectives of the Royal Naval Association.**
The Objects are:
(1). To further the efficiency and well-being of the Service, preserve its traditions and encourage recruiting.
(2). To foster comradeship and "esprit de corps" among those who have served or are serving in Her Majesty’s Naval Forces.
(3). To provide facilities for bringing Members together.
(4). To perpetuate the memory of those members of Our Naval Forces who have died in the service of their Country.
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(5). To provide relief from conditions of need, hardship or distress to persons who have served or are serving in Our Naval Forces and their dependants.
(6). To advise members and other persons who have served in Our Naval Forces and their dependants on subjects affecting their welfare, referring on to appropriate agencies where specialist advice is required.
(7). To advise and assist Members and other persons who have served in Our Naval Forces in their search for employment.
(8). To pursue any or all of objects (2), (4), (5), (6) and (7) above for the benefit of members or former members of the Naval Forces or former members of the Commonwealth at a time when those Naval Forces were part of Our Naval Forces, and either or both objects (5) and (6) above for the benefit of the dependents of such persons.
15. **Public Benefit.** The Trustees confirm that they have taken due regard of the guidance contained in the Charity Commissions guidance on public benefit, set in ‘Charities and the Public Benefit – Section G’, when reviewing the Charity’s aims and objectives; and in planning future activities and setting the budget for the year. The Trustees note the ongoing public benefit provided by the LIBOR minibuses and through the Seven Cs Comradeship model. Also, there exists a host of academic evidence that being part of an Association like the RNA creates social benefits which contribute extensively to improved mental health resilience and by contributing to the fight against loneliness the Association does much to lend itself to social prescribing.
## **FINANCE**
16. **Funding Model.** At the end of 2020, a Special National Meeting was convened to set subscriptions to zero and switch to a donation funding model. The Trustees are most thankful to the Royal Navy Royal Marines Charity who have underwritten this move with
a substantial grant. This has allowed considerable growth of the organisation which has now over doubled in numbers in the 4 years since. We are now reaching infinitely more of the wider naval family.
17. **Risk and Reserves Policy.** With the shift in funding model, the Trustees recognise that there is considered to be more financial risk however with the loss of approximately 1000 members per year for over 30 years, the risk in maintaining the same model was obvious – membership numbers in 2020 had dwindled below 10k for the first time. The Trustees have concluded that the risk set against the Reserves policy remains satisfactory for the uses of the Association. The Association’s Reserves Policy is reviewed annually and aims at holding sufficient Unrestricted and Undesignated Funds to provide funding for the following:
- a. To provide financial resilience if donations do not keep pace with the rising costs of providing services to members.
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- b. To generate income to subsidise current activities.
- c. To provide future income.
- d. A reserve in case of a major business continuity issue.
- e. A contingency for wind up costs to cover legal requirements for redundancy payments; incomplete periods of contracts etc, which the Trustees will be legally obliged to meet.
- f. A contingency for other unexpected events.
- g. Future projects not yet mature in development.
- h. To provide the opportunity to purchase a freehold or leasehold property as the Central Office, since the lease for the present premises in HM Naval Base, Portsmouth is unsecured.
18. **Review of Reserves.** The Trustees have reviewed the level of reserves against their policy and, despite the additional risk of moving to a donation-based income model, have agreed that they remain at a satisfactory level. The level of investment income deriving from the Association’s Reserves is an important factor in deciding whether or not to expand or reduce them since investment income contributes significantly to meeting operating costs. The Trustees have also reviewed the policy of maintaining the designated Property Fund and have considered that this is still a valid necessity in order to secure funds needed to acquire property in the event of changes to our current arrangement.
19. **Offices** . Our lease for the offices within the Naval Base has been renewed and there is little sign that we are likely to be asked to move. Notwithstanding, there remains £491,375 in the Property Fund which was kept there set against the contingency of being removed from HMNB and having to find offices elsewhere. However, there is little prospect of this so we have been looking at how we can better utilise these funds. The General Secretary has investigated the possibility of purchasing motorhomes or a canal barge for members use however the advice given by naval establishments who do similar is that the maintenance is a huge burden. Alternatives continue to be pursued.
20. **Investments** . Investments have done well in 2024 and the improved stock market performance has made up much of the deficit which was budgeted for. Our investments are effectively a share of RNRMC’s investments whose investment brokers remain Sarasin.
21. **Restricted Funds** . The reserves figure is inflated by grant money held for various projects and which are held in Restricted Funds. The generation of income through investment of the reserves is an essential part of the RNA business model as donations alone do not cover expenditure. This policy has not changed with the shift to the donation-based income model.
22. **Standards Fund** . This is a fund where the Association self-insures Branch Standards with Branches paying an annual premium. It provides for the cost of repair and in cases of loss or damage beyond repair, the cost of a new Standard.
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Happy D-Day 80 Commemorations
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## **FINANCIAL REVIEW**
23. The Trustees make the following observations:
**Overall. Despite the Trustees accepting a hefty deficit budget for 2024 the upturn in the markets has allowed the investments to grow offsetting considerable the projected loss which resulted in an overall decrease in funds of only £21,522.**
## **The Trustees are content with the financial position of the Association.**
**The Board of Trustees remain thankful to the RNRMC for taking on the role of Management Accountants during 2023. Brooms retain the audit function. The 2024 budget process included all Funds**
**The Trustees are cognisant of the additional risk the switch to a donation based income model presents and are thankful for the support of the RNRMC to allow us to achieve this. Nevertheless, the Trustees are thankful for the level of strategic reserve which gives confidence to allow the safe transition and grow the Association. As the RNRMC are our greatest benefactors, the RNA membership have been encouraged to fundraise for this worthy charity as it supports the entirety of the naval family.**
a. **Donations in lieu of Subs** . £66,744 was raised in members donations. This is down from last year’s sum of £72,901 however last year’s figure included a very generous donation from the Plymouth Branch to the Central Charities Fund for £10k. The RNRMC continues to underwrite the move to withdraw annual subscriptions and kindly donated £147,000 towards operating costs. This grant is tied to the 7 Cs initiative.
b. **RNA Lottery.** Introduced halfway through 2023, the first full year of lottery income was a respectable £26,874.
c. **Legacies** . Income of £79,331 was received by way of legacies. The Trustees are thankful for these donations and recognise they are an important element of our funding. Recognising the value of these legacies, the RNA has joined services with a major will writing organisation to introduce a free will writing service where, it is hoped, that more shipmates will leave a little something to the RNA in their will.
d. **Operating Costs** . The operating costs of the charity increased in 2024. This year they were £639,951, up from £565,828 in 2023. This includes a charge of £92,011, up from £72,959 last year, for the services provided by RNRMC which is effectively a contra entry as these services were donated. The true figure therefore for operating costs is £547,940.
e. **BCSF** . The Trustees continue to be delighted with the success of the Branch and Club Support Fund minor grants scheme introduced in 2018. The scheme allows the CEO to approve grants of up to £250 with minimal bureaucracy. Applications this year have included Branch annual Zoom fees.
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f. **Gift Aid** . Up from £3,816 for 2023 to £6,643 in 2024 possibly reflecting a younger (working age) demographic.
g. **Investments** . Investment income is reported under FRS102. Investments remain held in a Custodian arrangement with the RNRMC. Investments had a good year in 2024 with the market value of investments at Year End of £1,551,527 which is an marked improvement on £1,395,324. A drawdown on investments wasn’t required in 2024 although Cash Flow forecasts indicate this is likely to be required again in Q2 2025. The investment income for the Full Year was slightly down on last year, sitting at £32,846 vice £33,412. Our National Treasurer, S/m Ian Irvin represents the RNA on the RNRMC’s investment Committee.
h. **2024 Budget** . With RNRMC now acting as our Account Managers, we extended the 2024 budget to include all Funds rather than just the General Fund. This meant that we had a better handle on our Cash Flow throughout the year as the budget encompassed the entirety of our business.
**i. The Naval Service Memorial Fund** . Expenditure on the fund was £354 leaving £8157. The fund stands at a sustainable level with 10 years worth of insurance and maintenance in hand.
**j. Minibus Fund** . The Minibus Fund was established in 2017 with a sizeable grant from the Libor Fund. Those Libor Funds are now totally expended however the buses are still in good condition and the Seafarers Charity made a grant of £8000 for the annual running costs. A bid will go in again in 2025.
## **Annual Accounts**
24. The main element of the Accounts for the year ended 31 December 2023 is the Statement of Financial Activities for the year, which is an annex to this report. It is important that the Statement of Financial Activities and Balance Sheet are read in conjunction with the Notes, which appear in the Accounts. The market value of Investments is as stated in Notes to the Financial Statements.
25. The Trustees remain indebted to the auditors Brooms for their continued support and guidance and to the Finance Team in the Royal Navy Royal Marines Charity who do the bookkeeping and management accounts.
## **Risk Management**
26. Risks are assessed by the Trustees, with the Risk Management Policy reviewed annually and the Risk Register reviewed more regularly. Financial risk is assessed in the 10-year forecast. The most significant financial risks are: the switch to a donation based income model will not realise the funds required to operate the Association, movements in financial markets affecting investments and the MoD unexpectedly terminating the lease on HMNB Portsmouth offices.
27. The main strategic risk is to membership numbers. The strategy of switching to a donation based income model and the development of Sports and Comradeship Groups (former known as Special Interest Groups) where members are encouraged
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to form groups to feed their interests and hobbies, demonstrate relevance to a younger cohort and serving personnel and are already proving attractive – the Association has nearly doubled in membership numbers in the last three years. Marketing and communications are tuned to this goal. The _Thriving Together_ programme was also targeted at working age veterans in order to make the Association more attractive to that age group.
28. There remains a serious operational risk with slip, trip and medical emergencies during RNA events. The Charity mitigates this risk by training most the Central Office (HQ) staff as Red Cross qualified workplace first aiders and bringing our Automated External Defibrillator to major events.
29. The Association is carrying financial risk in supporting Maryport Branch in their legal dispute with the former Club who are claiming ownership of the property which is in the name of the Branch. The Club has not operated since COVID. The Branch committee have stated that their intention is to sell the premises with the proceeds reverting to central funds. It is hoped that this will eventually be resolved in 2025.
30. **Branch Governance** . The Trustees are also very alive to the risk of reputational damage to the Association and have been working hard during the year to raise the bar within Branches on governance. The Governance Support Officer, Kate Aldous, has been using Zoom to give clinics to Branch officials, especially Honorary Treasurers, may of whom are benefitting from the engagement. A review of the Royal Charter has also been undertaken which seek to modernise some of the language but the essentials of the rules and regulations therein are sound and of course are only in place to keep Branch Committees on the right side of Charity Law. The Trustees would like to take this opportunity to thank Kate Aldous for her dedication in this task which is recognised as being above and beyond her TORs.
31. **Insurance** . Risks to the Association and to the RNA’s support of its Trustees are mitigated by adequate insurance, which has provided a significant protection to RNA funds in previous years. Insurance has been expanded to include the activities of the mentoring at HMS RALEIGH and also includes liability insurance for the National Standard Bearer when on RNA duties. The Association is GDPR compliant and has invested in strong security of members’ data held in the new database server. Nevertheless, insurance also exists for data breaches including hacking and theft.
## **STRATEGY**
32. **Mission.** Our mission is to **foster comradeship within our membership.**
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33. **Strategy** . 2024 represented Year 4 of our 5 Year Plan depicted here. While this plan has driven budgeting, all effort aligns to our Objects in Paragraph 14 above, pointing towards a realised RNA vision. 2025 will be a big year for the RNA so the strategy for the following 5 yr plan will commence late 2025/early 2026. However, conscious of the support we receive but in terms of professional and financial, we are encouraging our membership to fundraise for RNRMC.
34. As reported previously, we have developed the concept of the **Seven Components of Comradeship – the Seven Cs** - and work with partners like the RNRMC, Greenwich Hospital, the Naval Families Federation and the naval
benevolence charities to take forward the components of this initiative. As we move forward, the Seven Components of Comradeship have become our measurable deliverables of output and our reporting has been geared around this.
When we develop the next 5 Year Plan, the 7Cs will be at the core of that strategy.
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## **ACTIVITY REPORT**
35. **Lanyard House Naming Ceremony.** The National President, National Chairman and a number of Trustees joined with Central Office staff in welcoming Her Royal Highness, The Princess Royal, to Central Office in May. She took the opportunity to name the building Lanyard House. As well as an item of naval ratings
uniform worn with No1 “Square Rig,” a Lanyard ties something of importance close; possibly a sword, dirk or pistol and nowadays, more likely, a security pass. For the RNA, it is our members who we hold dearly hence the name Lanyard House was chosen to reflect what is important to us. Princess Anne talked to Central Office staff and RNA officials about the work the RNA undertakes on behalf of its members, and of the importance of military charities in general.
_HRH meets Kathryn Brinley in Central Office_
36. **D-Day 80.** The anniversary of this historic event in WWII was fully exploited with RNA representation in both the national commemorative event at Southsea and in France at the landing beaches.
37. **Annual Conference.** A well organised Conference was hosted by No 7
On Omaha Beach on the 80th anniversary of D-Day
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Area in Cardiff at the superb St David’s Hotel in Cardiff Bay. There was a lot of good RNA business conducted.
There were a full range of events including a reception on the Friday evening in the St David and a dinner on the Saturday evening. Blessed with good weather – it never rains on a Sunday in Wales I’m told! – the Sunday service was conducted outside the Welsh Assembly building looking out across the spectacular vista of Cardiff Bay.
Thanks go to Area 7’s organising Committee and to The Right Reverend John Lomas, Bishop of Swansea & Brecon who stood in for an otherwise engaged Chaplain of the Fleet. Prior to his calling, Bishop Lomas trained as an aircraft engineering mechanic in the Fleet Air Arm and served in the Falkland War. He later returned to the RN as a chaplain.
38. **Thriving Together.** Thanks to the generosity of The Covenant Trust Fund, a grant was received to allow us to pilot our _Thriving Together_ initiative which is activity based and aimed at a younger cohort. It afforded shipmates the opportunity to take part in an activity and, importantly, it gave an opportunity to pull likeminded comrades together and enjoy each other’s company. Recognising Thriving Together - walking in Wales the mental health benefits, the RNA is actively seeking more external funding to be able to continue this programme.
39. **International Maritime Confederation (IMC) Sailing Camp.** In July, the RNA was delighted to host the International Maritime Confederation’s annual Summer
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IMC Summer Sailing Camp
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Clare Scherer, CEO of the Naval Children's Camp at the Royal Hospital School in Ipswich. This organisation brings together a Charity awards one of the participants with his host of nations to foster connections and build comradeship. The RNA currently sailing certificate on completion of the IMC holds the Chair of the IMC. The Summer Camp was aimed at young people from 12 Sailing Camp to 21 years old and is an opportunity for them to learn new skills and improve their confidence. The British contingent were all sponsored by The Naval Children’s Charity and have various reasons to be supported. Every Naval child sometimes needs a little extra support due to their parent’s work. These children cope with separation, move often and have other service linked disadvantages, for which they deserve all the help we can give them.
40. **HMS RALEIGH Mentoring.** After a period of adjustment post Covid the mentor programme **,** has been re-established on a firm footing in RALEIGH. All mentors will now be DBS checked and receive the same E&D training the staff enjoy. The mentoring was one of five examples of “Best Practice” in a recent OFSTED type inspection at HMS RALEIGH.
41. **Open Days.** Central Office arranged a number of Open Days in 2024 which were much enjoyed by Shipmates. The Open Day features a sandwich lunch, RNA activity brief and boat trip of Portsmouth dockyard. Branches from all over the UK have previously enjoyed this event.
42. **Culture and Values Sessions** . The initiative continues with Phase 2 trainees from COLLINGWOOD and SULTAN. Based on naval history, a walk through the Portsmouth Navl Base Historic Quarter illustrates to the trainees why a career in the RN is important and the significance their contribution makes to British society.
43. **Sports and Comradeship Groups (** formerly known as Special Interest Groups) **.** The decision was made to revert to the original title of Sports and Comradeship Groups as the governance for these groups already existed within the RNA Rules and Bye Laws. Notwithstanding, the initiative remains successful and the is a key element of attracting working age veterans and serving into the Association.
The list of current SIGs is at an Annex.
44. **CONA Conference.** This was successfully conducted in Feb 2024 with participation from many associations. The RNA retained the Chair.
45. **World Uckers Championships 2024** . As endorsed by the First Sea Lord, the RNA is the World Governing Body for Uckers and the Association was proud to host the
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RNA Annual Trustees Report for 2024
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Dave MacAskill from Central Office and Steve Moffat of
2024 Uckers World Championships in the Royal Maritime Hotel in October. The event remains popular with teams coming from all over the UK to compete in this friendly competition. Organised by the Royal Naval Association and sponsored by Uckers ya Uckers, this year saw players from the Royal Navy, Royal Marines, and the RAF compete. Winner of the Singles title was Stan Patterson (RM), from Poole, and runner up was Brent Latham. The Doubles title was won by Kath and Trevor Dean, from Staffordshire, whose team was called the Burntwood Blobbers, who beat the Royal Marines’ Peter Jones and Jimmy Greene, from Poole, by a whisker. The World Championship is an annual event, with the RNA encouraging teams from all over the world. It is also a friendly and fun event for everyone to enjoy and even included a Best Dressed category.
46. **LIBOR Minibuses** . Well used and still in very good condition. The original LIBOR fund for the minibuses is now spent and the Seafarers Charity kindly provided a grant of £8000 towards running costs. The three buses are based in Portsmouth Devonport and Manchester respectively but in 2024 were ganged up for both the D- Day Normandy trip and the IMC Sailing Camp. The picture to the left shows the buses at the Royal Hospital School where the participants of the 2024 IMC Sailing Camp were victualled.
47. **Communications** . The following comms outputs have been achieved in 2024:
- a. Hard Copy
**Yearbook.** The Central Database has allowed us the ability to post a copy of the Yearbook to all members’ households. Although a costly evolution, it is the only occasion that something physical is despatched to the entire membership so is considered a worthwhile exercise. It also gave the opportunity to remind those who might not have already set up a Standing Order to donate to the Association.
## b. Soft Copy:
**Semaphore Circular.** This is the monthly newsletter of the Association which is published on the first Friday of the month.
**Semaphore Short.** The Semaphore Short is a weekly publication sent out on the third and successive Fridays in the month. As with the Semaphore Circular, it now goes out to all the membership who have an email address on the Central Database.
**Branch Committee News.** The 2[nd] Friday of the month is communications for Branch Committees and is addressed to both the Branch Secretary and, as backup, the Branch Chairman.
- c. Virtual Gatherings:
**Fireside Chats.** These continue on every Monday evening at 1830 (stand fast Bank Holidays and Christmas leave period) with a range of both internal and external speakers on naval matters historical, current and charitable. The list of Fireside chat speakers for 2024 is at the Annex. They are all
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recorded and available on the RNA community Facebook site. To avoid confusion, we use the same Zoom link each week:
htps://us02web.zoom.us/j/2888305105?pwd=TmtwempUWGwwUEtOcjY4ZU15RU5FZz09
**Saturday Night Virtual Tot.** Equally, the very popular Saturday evening virtual tot hosted by the Wrexham Branch continues. Details on the Community page.
**QR Codes.** We started using QR codes to lead us to our “Join Us” page in 2021 and the original QR code has now been updated to lead you to a menu of choices including offers like tickets.
## 48. **Operations and Membership**
The Association is undoubtedly thriving with membership numbers at the end of the year a whisker away from the 23,000 mark. Bearing in mind the Association was effectively established to cater for the needs of the WWII generation, the RNA is proudly adjusting itself
to cater more for the
current membership and the next cohort. The shift to a donation-based income model has made the RNA more attractive to join and we know with the numbers of new entrants joining from both HMS RALEIGH and BRNC Dartmouth, we will be in good health in the future. The challenge has been to recruit more working age veterans
in order to give the RNA legs. Activity based events like these introduced through the _Thriving Together_ programme are achieving this.
|**2024 Membership Matrix**|**2024 Membership Matrix**|**2024 Membership Matrix**|**2024 Membership Matrix**|**2024 Membership Matrix**|**2024 Membership Matrix**|**2024 Membership Matrix**|
|---|---|---|---|---|---|---|
|**Area**|Life|Full|Asso
c|**Year 2024**|**Year 2023**|**Year 2022**|
|**1**|8|88|328|424|442|371|
|**2**|33|376|311|720|683|667|
|**3**|60|1,060|910|2030|1756|1563|
|**4**|77|1,025|431|1533|1439|1374|
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RNA Annual Trustees Report for 2024
|**5**|37|421|536|994|947|958|
|---|---|---|---|---|---|---|
|**6**|26|322|438|786|728|681|
|**7**|26|404|345|775|715|645|
|**8**|42|465|765|1272|1244|1217|
|**9**|31|320|613|964|917|834|
|**10**|51|680|765|1496|1437|1277|
|**11**|43|472|159
3|2108|1305|943|
|**12**|18|184|226|428|414|407|
|**Scotlan**
**d**|23|512|118|653|614|577|
|**Overse**
**as**|6|269|366|641|621|519|
|**HQ**|83|6,668|1,36
1|8112|5877|4136|
|**TOTAL**
**S**|**564**|**13,2**
**66**|**9,10**
**6**|**22,936**|**19,139**|**16,169**|
While numbers are up across the board, these stats show that it is the HQ Roll which is expanding considerably where numbers have almost doubled in two years. This is mainly due to new entrants being listed on the HQ Roll as there is little point in encouraging them to join local Branches when they will be in training establishments or off to sea. They are however encouraged in their joining documentation to visit their local Branch when home on leave.
## **WELFARE/WELLBEING**
50. **Strategy/Funding.** The Welfare/Wellbeing component of Comradeship really came to the fore during COVID when it was realised just how important this was. The Trustees therefore take the opportunity to thank RNRMC for their continued support in granting the Association continued funding for the provision of a Wellbeing Delivery Programme in 2024. The Board of Trustees are cognisant of safeguarding legislation and are seeking to ensure that the Association operates within the bounds of safeguarding best practice while not losing sight of our desire to support close friends and shipmates. After a difficult period
trying to introduce a new Welfare and Wellbeing system into the RNA, the National Council recognised that any improvements to the provision of Welfare and Wellbeing needed to be a bottom-up initiative and not something imposed from HQ.
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RNA Annual Trustees Report for 2024
To address this, a new working group of members was established who were either healthcare professionals in their day jobs or had huge experience in the tactical delivery of welfare provision at the Branch and Area level. This group established a structure which is effectively an advice network, tiered by a level of expertise and experience which allows those charged with welfare and wellbeing responsibilities at Branch level to seek advice should they require it. The RNA Welfare/Wellbeing handbook.
**DBS** . We are now registered with the UK DBS Umbrella Service.
## **ENGAGEMENT**
51. **Partnering.** There has been more change of leadership of close partners within the naval charity sector in 2024 with RNBT, the Royal Marines Charity/RMA (again) and Aggies all appointing new Chief Execs. Despite this, the Association continues to have a close working relationship within the sector.
The Association has collaborated with the following partners **during 2024:**
- **RNRMC** for funding, admin support, and shared communications.
- RNRMC’s key support is fundamental to the success of this programme.
**RNBT** for beneficiaries Wellbeing Support and advice - our "one up" when wellbeing becomes a welfare need. We conducted Staff Talks with RNBT in November 2024 which was a useful afternoon for the staff. Instead of relying on SSAFA, RNBT intend to start two new Caseworkers operating solely with the RN community. These wil link in with local RNA Areas when they are established.
**Fighting With Pride** for support with D&I improvement and tackling loneliness within the LGBT community. We have signed up as a Pride in Veterans Standard (PIVS) member, and updated our D&I policy.
- **RNRM Widows Association** for a close partnership in bereavement
- support.
- **NFF** to reach the wider naval family.
- **Aggies** to better link pastoral support with wellbeing.
**CONA** . As President to reach and influence up to 100 individual large and small naval associations (including Submariners, the AoW, RNR, MNA, and RMA), providing overall co-ordination, advocacy, and leadership where applicable. Our next CONA Conference is on 28 March 2025.
**COBSEO, OVA, SSAFA, TRBL, VOS, ASDIC, Veterans UK, Single Capbadge Association Network (SCAN), Portsmouth/Liverpool City Council** and others regarding AFC, and a wide range of advocacy issues. NB: On many higher level occasions, the RNA are the only naval representative, speaking on behalf of members.
Page | 19
RNA Annual Trustees Report for 2024
52. **Corporate Sponsors.** The Trustees are also extremely grateful to all our corporate sponsors.
53. **Chairman’s Message.** I am truly honoured to have been elected as the National Chairman and eagerly look forward to progressing the work that the National Council has initiated over recent years to promote **our** Association. Celebrating our 75[th] anniversary the future is exciting, with the National Council driving forward policy to ensure our Association gets the balance right and keeps pace with current governance. The Council has already commenced this process by introducing several vibrant, innovative initiatives which reflect current best practice fit for purpose.
We are indebted to the continued support provide by the RNRMC and I would like to personally thank the RNRMC Trustee’s and staff on behalf of the National Council. With that support and the hard work and effort of RNA Central Office staff, I am very pleased to report the RNA is in excellent shape with Membership now standing at 23,000.
You will also be interested to know that two important areas of business are being refined.
Firstly, an updated governance structure, which was approved by Shipmates at the Cardiff Conference, featuring a strategically focused Trustee Board. Work is underway to include the governance changes and review and update the Royal Charter and By-Laws. Also under consideration is a motion for Conference 2025 to revise the programme for the RNA Conference – seeing a separate AGM in Portsmouth or London and a social weekend held annually in a UK location.
Secondly, the important area of Welfare and Wellbeing the Welfare and Wellbeing Support Group, Shipmate driven, and recognising that Branch Welfare shipmates should at a minimum possess a DBS check and Safeguarding /Mental Health training. It will also ensure that the RNA is compliant with current policy/governance.
## **Andy Christie National Chairman**
## Annexes:
- A. Life memberships awarded in 2024
- B. List of Fireside Chats conducted in 2024
- C. Current list of Sports and Comradeship Groups with lead contact details
Page | 20
RNA Annual Trustees Report for 2024
RNA Annual Trustees Report for 2024
Page | 21
Annex A
## **Life Memberships awarded to Shipmates in 2024**
Michael Noonan Portsea & Portsmouth John Stewart Waterlooville Lance Higgon-Young Rhondda James Stewart Rosyth and West Fife Alfred John Wicking Eastbourne Terence Barker Rayleigh David Bucknell Gloucester Paula Moon Chard Richard Moon Chard Sheila Cook Norwich Peter Dukes Norwich Jessie Witham Eastbourne David Robert Walker Eastbourne Lance Norwood Gloucester Edgar Holmyard Tewkesbury William ‘Bill’ Lambert St Austell
Page | 22
RNA Annual Trustees Report for 2024
## Annex B
## **Fireside Chats Programme 2024**
|01-Jan||Christmas Leave||
|---|---|---|---|
|08-Jan||Prof Claire Jowit/Julian Barnwell|The discovery of the wreck of HMS GLOUCESTER 1|
|15-Jan||Tony Moth|Admiral Thomas Cochrane|
|22-Jan||Richard Jones|Lost at Sea in Mysterious Circumstances|
|29-Jan||Cdre Craig Wood|NATO Update|
|05-Feb||Mark "Dicky" Barton|Naval Cutlasses|
|12-Feb||Chris Taylor|9 Lives, 4 collisions and a ditching - Part I|
|19-Feb||FSC cancelled|Eric Holmwood's funeral|
|26-Feb||Pete Sharples|Uncovering Financial Fruad|
|04-Mar||Tony Moth|HMS Lancaster Old to New|
|11-Mar||Bill Oliphant|Wider RNA Update|
|18-Mar||WO1 Jim Wright|WORN - Naval Update|
|25-Mar|1900|Uckers App Webinar|Note seperate sign on details|
|01-Apr||Easter Monday||
|08-Apr||Bill loafng on leave in USA||
|15-Apr||Bill loafng on leave in USA||
|22-Apr||Tony Moth|RN v the World, 1974-now|
|29-Apr||Cdr Lee Paddock|Improving the "Leave well" package|
|06-May||May Bank Holiday||
|13-May||Iain Greenlees|HMNB Portsmouth Infrastructure|
|20-May||Geofrey Salvet|The Hillsea Lines Story 1600-1945|
|27-May||May Bank Holiday||
|03-Jun||Deployed in Normandy on Batlefeld Tour||
|10-Jun||Chris Taylor|9 Lives, 4 collisions and a ditching - Part II|
|17-Jun||David Griggs|HMS Beagle The ship that changed the course of h|
|24-Jun||Darren Jackson|Combat Stress|
|01-Jul||Ralph Dodds and Cat|US Rangers acton at Pointe du Hoc on D-Day|
|08-Jul||Victoria Schofeld|The Rescue Ships|
|15-Jul||Angus Konstam|Pirate Hunters: The Royal Navy and the Pirate Me|
||||Natonal and Naval Flags of S America and Antarct|
|22-Jul||Geof Parsons|24|
|29-Jul||Mike Milne|DDay: Pegasus Bridge|
|05-Aug||David Griggs|SSAFA|
|12-Aug||Powder Monkey|RNA Sponsors - Brewing|
|19-Aug||Summer Leave||
|26-Aug||Summer Bank Holiday||
|02-Sep||Graham Jones|Woody's Lodge|
|09-Sep||Kevin Watkins|Ocean Rowing|
|16-Sep||Gary Daisely|RNA Modelmakers Special Interest Group|
|23-Sep||Andy Gallie|HMS to HMP - 35 years of gambling addicton|
|30-Sep||Danny Tregarthen|FOST Assurance|
|07-Oct||Clare Schere|Naval Children's Charity|
|14-Oct||Jonathan Ball|Greenwich Hospital|
|21-Oct||Tony Noon|NMRN - HMS Victory Preservaton Update|
|28-Oct||Capt Al Jones|HMS Monmouth and The Batle of Coronel - 1 Nov|
|04-Nov||Peter Hore|HMS Pickle|
Page | 23
RNA Annual Trustees Report for 2024
11-Nov Nick Dutt 18-Nov Ron Shilton 25-Nov Brenda Shackleton 02-Dec RNRMC Carol Concert 09-Dec Anthony Moth 16-Dec Mike Milne 23-Dec Festive Season Holidays 29-Dec Festive Season Holidays
The Royal Society of St George RNA Caravaning and Camping Special Interest Gro The Rescue Ships - Pt 2 The Noble 8th December, Battle of the Falkland Is The Battle of the River Plate - 85th anniversary
Page | 24
RNA Annual Trustees Report for 2024
Annex C
## **List of Sports and Comradeship Groups/Branches with lead contact details**
Riders Branch – Mark Gayton: secrnariders@gmail.com
Camping and Caravanning – Ron Shilton: rna.camping.caravan.motorhome.club@gmail.com
Classic Cars – Mike Burnham: hon.secretary@rnarayleigh.org
Cricket – Mark Smith Markmiff1962@gmail.com
Cycling – Craig Fulton: craig@govguide.co.uk
Divers – Bill Lawless: billylawless40@yahoo.com
Fishing – Selwyn Davies/John Stephenson: rna.fishing.sig@gmail.com
RNA Football Team – Hugh Doyle: hugh.doyle@hotmail.com
Golf – Colin Dinsdale: rna.golfers@gmail.com
Model Makers – Gary Daisley: gddaisley@blueyonder.co.uk
Rugby - Steve Phillips: stevephillips99_uk@yahoo.co.uk
Page | 25
RNA Annual Trustees Report for 2024
THE ROYA
VALA
TION
Chanty Reystration Nurnber 266982
TATENT OF ACCOUNTS
R EIYDE
31ST DECEMBER2024
BROOMS PROFE
IONAL SERVICES LIMI
CHARTERED CERTIFIED A
co
AITrTS
REGISTERED A "DITORS
The Royal Naval Assoelation
Flnancial Statements for Ihe year ended 31st Dèeember2024
Pa8e
Char2ty Reference and Administrative Details
Trusiees, Annual Report Isep8Tatc document)
Indcpend¢nt ExamineV5 Report
Statement ofFinancial Activities
Balance She¢t
Statement of Cash Flows
Notes to Financial Siatements
6-15
The Royal Naval Association
Charity Reference and Admlnlstrative Details
forthe year ended 31st December 2024
Charity Registration number
266982
Trnst¢ps
VAdm D L Potts CB. NatioM& Presideni
Cdre M Slaw50n QBI RN. Deputy Naiion&l PT¢51dellt
Slm R Lock MBE. Vice Ptesidenr
Slm K Ridley- Vice PreIdent and NCM 6
WO S Hanson- Vice PttsideDI- W4rranl Off)ccr to the Royal Ni
WO I C Robson- Vice PresNJent- S¢tving MembEr
SIM A Chris1ie- Naliooal Chajrnw & NCM 3 Ar¢a
SIM D Potter- NCM 2 Are)
SIM W Bellill- NCM 4 Ar£4
SIM P Cbivers- NCM 5 Ar¢a
SIM L Hig8on-Young- NCM 7 ATealS W&lcs & Gloucest¢rl & Overseas
SIM S Simmons- NCM 10 Area
SIM R H8siie- MUay- NCM 11 Ar¢a
SIM P Siephellson- NCM 12 AreallTelandl
SIM S EIIIoi- NCM Scottish AreA
I Irvin-National Treasurer
Chief ex¢¢uiiveofficer (Gen41 Secr¢¢4ry1
Capi Bjll Ol¥&ani RN
Independ¢ni examiner
Brootns PIofessiondl Strvices Limited
BEO()m Houst. 39143 London Road
Hadleisli. BÈnneet
Esstx SS7 2QL
Messrs BlikÈ fvlorgAn LLP
Harbour Court, Conwsss Road
Portsmouth, P06 4ST
Bankcrs
Roya] Bank of ScotlaJ)d
Ho115 Branch
31-35 Victoria Road
Farnborough
Invc5tment manaseT$
ThÈ Royal Na%y andRoyal MaIJn¢ Charity
Independent Examlners, Report to theT¥ustees ofThe Royal NavalAssociation
torthe year ended 31st December 2024
I report to the chariry trUeeS on my examinaiion of the accounts of the charity foT the year ended 31st December 2024.
R¢5pon$ibiliti¢J ind basis of report
As the charity's trustees. you ate reswnsible for th¢ preparation of th¢ accoun15 in accordance with IFR Tequiremenis oftrR Charities
Ad 2011 I'ihe Act).
I iepon ieslrci of my examInalion ofthe ctwitys accounts Gried out undcr 5¢ciion 145 of the Act gnd in ¢arryin8 Qut my
examinlon I have follod ] the applitablc Direcliots given by the Charity Commission under 5eciion 14515llbl ef the Act.
Ihdependtnt examiner'i $tattmenl
The Charitys gr05s incom¢ exceeded £250.0(K) aJ)d Iam qualified lo undertake the examination bybEing a qualifi¢d member uf the
A$tIatIOn of Charter¢d A¢couniant5.
I have compkted my exaJnination I cOnfM Ihai no rnater2 matters have ¢(xne lo Jny att¢ntion in c4)nnection with the ex*ninaiion
giving me cau5¢ 10 belteve thai in any Materi respe¢i.'
. accounting rewrds were not k¢pl in r¢S¢t of the charity as required by se¢iion 130 of the Aci. or
2. the accounts do noi accord with ihose r¢¢ords', 01
the accounts do not comply with the applicable iequirements coR¢erning form and conitnl of accounts set oui in the Charilt¢s
(Accounts and Reports) RegJlatiomns 2008 other than any requirement that th¢ a¢¢ounts give a tn alld fr view which Is Dot a
mattel nSidered as w of aj) iThJependent examinaiion
I bave no concems and have come a¢ioss no other mallers in wnnection wilh Ihc examination to which atteniion Should be dr&wn in
thi5 r¢porl in order to eDable a proper undcisianding of the accounis to b¢ rcached.
sI¢d
Sonia Shah FCCA ACA CTA
27th mCh 2025
Brooms Profes$ionHI Strvices Ltd
Broom Hou5¢
39143 Lon(k)n Road
Hadltl8h
Benfltti
E5xx SS7 2QL
Jli- I
I Ill- l.
Ill-
3 eoniinued
The Royal Naval Association
Balance Sheet as at 31st December 2024
202
2023
Note$
Fixed aystts
JntAllgible A55ets
TaDgiblt assots
10,5
5.778
16.278
JO.8QO
7,735
18.538
12
IrtvÈstEneDts
1,551,527
1.395,324
Current as8*1$
Stock ofgoods for res&iÈ
Debtor5
Balances with bayJ(¢r5
12.369
96.172
129.576
8.769
9J.1178
290.350
TpÉql
597.097
Crtditors.. f•llillg dit witknill oDe year
CredilOr5
178.781
162,290
162.290
59.336
254.501
Totalarsers le¥5 Irqbiliiiei
040,663
LTllrestri¢ted fud9
General futhd
Standard5 fi)nd
Propcny fvnd
Swindon fi]nd
989.630
10.000
491.375
io.wo
491.375
27.000
Restrltted funds
Central ¢h2riiies fvnd
I0 good deeds lund
Brarlch and ¢lub siipport fuDd
Naval scrvi¢e rnernrial bjnd
PrDItCl semaphore fund
Itish transport fund
Minibus fund
Welfare deliv¢ry fund
SpkrkTr ty fund
RNRMC SIG Co-ordinator
18.972
22. 728
3.815
54.425
8.511
5.078
8.227
2.600
10.785
4.325
57,098
32,860
4.739
7,347
5,170
1.048.663
Thest financ1 ststemcnts werc ¥¥proved by tht TJuslees on 27th Match 2025 and sigrtd on th¢ir t¢half by."
Vi¢¢ Adm11 D Potts CB
Prttident
l Trvin FCCA
Honor<2ry Tr¢a5urer
The Royal Naval Association
Statement otcash Flow as at 31st December 2024
2024
2023
Cash now from fund adivity
Nei movement in
Reconciliation to cash generated from operations".
Dcpreciation
Investsnent income
Nei10ssllgainl (net of char8es) in investments
IlnGreaselTrcreaqe tn Stock
IIt]creastllDecrease in debiots
IncreasellD¢cre&%el in creditQTS
121,5221
84.586
2,260
{32,846)
1156,203)
13,600}
(7,9341
16,485
J.050
(33.412)
(28,870)
1,685
3.628
36.294
Net cash llow from fund activitits
1203,3601
64. 761
Cash flow from xnvtstiug activitit$
Payments to acquire intangible fixed asstts
Payments 10 acquire tangible fixed assets
Proceeds from disposal of fjxed asset investsn¢nts
Acquisition of fLxed asset investments
Invesunent income received
(10,800)
(6,07J)
50.000
50,000
150,0001
36.586
33,412
Net casb flow from ittv¢stiDg a¢tfftviti¢5
36.586
60.541
Cash flow from financing 4Ctivitit$
Net increase I Idecrea$tl in cash alld tash tquivalents
1166.7741
131,302
Cash and t#sh eqUivethtS at 5tArt date 2024
296,350
165,048
Cash and tash tquivalents #t eDd date 2024
129,576
296,350
Casb and eash equivalents tOll5XSts of:
Ch at bank and in hand
Short term deposits
129,576
2915.350
C•sh and equiv#lents at tDd d4te 2024
129,576
296,350
The Royal Naval Association
Notesto the Accounts for the year ended 31st December2024
l. Aecounting Policies
Accountiug ConveDfio
The fjnamcial ststem¢nts have been prepared under the hisiori¢al cost convention, modified for the revaluation of
investments. They have been prepared in accordance with thc Statemenr of R¢commend¢d Practice- Accounting and
Reponing by Charities preparing their accounLS in accordance with the Financjal Reporting Siandard applicable in the UK
(FRS 102) issued in October 2019> applicable accounting standards and the Charities Act 2011. They have been prepared
on an acGTuals basis of 2CCOilrtling. ex¢ept fo the restricted funds, which have been prepared on a cash accountirnng basT5.
b. lucomt Re¢oguitio
Income is recognized in the period when the Association is entitled io rt¢eipt and lh¢ amount can be measur¢d with
reasonable acLuracy. In accordance with this policy..
Legucies are included when the Royal Naval As50ciaiion is advised that a paymeni will be made and rhe amouni involved
Can bc quaniified.
GrÉJnls are included when the conditions for receipi have been ¢omplied with.
Gifis in kind and tangible income are 5ncluded at cost lo the donor if known, or the value to the Royal Naval A5SOCiation at
the date of receipi.
The accounting poli¢y for subscription income is detailed below.
¢. A¢tounting
GeneTal tunds are unrestricted tunds which are available for the use at the discreiton of the trustee5 in fijrtherance of the
Designated furtds are cornprised of ullrestricted funds that have been set aside by the ITU5tees for particular purposes. The
Restricted lunds are funds which are to be used in ateordance wlth specifIc restyitlions imposed by donors or which have
Investsnent income and gains are allocaied to ihe approprialc fund.
d. DonatlODS
Donations are taken as incotn¢ upon receipt. and allocated to eath relevani fund as advised.
Life Memb¢rs' sbserPt10IlS
Lile subscriptions cannot be purchased by individuaJ5, bui only by Branchts and Are In recognttion of tneritorious
service. Life subs¢Tipiions received were brought into the A¢count5 as income by equal inslalments over a period of ten
years. But frotn 2023 Life Subscriptions recieved are now brought into the Accounts as in¢ome upoj) Teceipt.
f. Gif* Aided SubstrlptlODS
Income'r is recoverable from HM Revenue & Customs in rttpect of subscription5 paid by gifi ajd, and is taken into
a¢¢ounl in the year the sub5CriPlions Teceived.
ThB RDyalNavalAsso¢i81Son
Not¢stothekcountsfortheyear Anded 31st Dt¢ernbtt2024
I. AccouniiD2 Politie5 (¢oD¢trLUtdl
g IxvoJtllleDts *od Bgnk DepoJitJ
Invt¢nIs Jre Slaled at matkel atthebalanceskct date using tht closinsquDted nwkeÉpn RlS¢d ga
Iosscs on invcstmeDts atE cclatCd thc thifuen¢e berw¢en ¢5 prDce&ts dDd theirop¢MllEcaThgV0ftheL1
pui¢ha* Ye1[aCquI sub5equeffl tothe first d&y of the finacidyear. UnFeÈliStd Eunsand1055es ar¢ calcutsiedastli¢
djlference betwe¢Ththe f*r value a¢lhe ye3r end andtheir ctyngwolut R15¢ and urednS losse£ at
combin In Stetem¢h¢of Fin3tKial Activi1$ DIVIdts itttercm rcreivableateiTrdu¢ed IDthe inc4)me&nd
exlIUr¢acC0ut when thtyare re¢¢ived at anarnouTh¢whi¢h mcludes any tsxcre41lrecovernblefr0rn ¢enUe&
Cu510ms brferest rtceivabl¢ from Fttn thp)5tts atexrnrd In the Period thatitisd
Liabililièl are [O815¢d&S expendituie&5500n & There 15 4 It8al or¢ollStruciiv¢obligatlQn sommTitin8 the¢kntyto la¢
expenditur¢ li Is wobabl¢ that ttlemeI wryll be thEamoynl ofthe obliÈatlOD tred relithly
AII CXPEndiwre Is actoiinied foron an at¢fuals bwts. All cxpenes InGluding SUKPtsrtC0s ènd govempncccosts a
IlkK&tedor arOnl Fo the wlicabl¢ expEndi¢ure ]nES
. A¢ètIOn o(Supporl&r¢d Goverr*1Ce Costs
SuppDrtcoslS h4vEbeen l0¢&t¢d bw¢¢ goVcrne¢tsSrs other5upp)fi¢o5ts GoveTnancc costs ¢Omwisell¢osts
ittyofving th¢ public attnIability0[the chariry and Itscwlian¢x voth regulaliou and go pTrctic¢
TheOniYaprtl0nTnCttO ÉipvtrJJanc¢¢osts rethic W admiwstritive 511ancs etc. and ¢Onlercnce. whi¢hgrt
apportioned on th¢ b11 of governj ¢ost5. bued Onstafftimc allwa¢edtO 8ovewtt Issues.
J Cost of kal$ittgFupd$
Th¢¢os15 ofgenetating n5 include5 Investment miIiag¢menl costs
Costof Cbarit•blEAdivjtiea
Th¢¢051 ofclwitsble vIbeS IrKludES mth. costs atmbutsble IOcb3ritable actimties. governaTr¢¢¢osis and
support
I InwmeTfjx Recl8ityed on Gift Aid
tncome IS recovered from HhlRC On Income re¢eivcd from sobscriptlons andd)hitioTrs by wèy Dfthe gift )Id s¢lKme
dunng theytsr Mowevcr. th¢ 4Gtualamounl recoveTable foi ye&ris brou¥hi in as a pr¢wJsion duc lothed¢lay Inth
pror2I5Jniofthe Info[nboth. Thcdifferertce betweefi thDUnt ie¢cTred theprovisioh IS thtDad1U# for
thE thquenlyear
Atts C3Pltati•n Fe
T¥[ca cawtstion fe¢sartbhsEdon twoelements.a) olthe subs(llPtsoths rtccived ftom branches irteaeh ueaby31st
Deeernbcr, ahd bl 80% ofiht n0t ON£10,00Oreyercdf1Orn FNRC by wayofthe 01ftdsCttee
n. Tallpble Fixed Assets
Tangibl¢ FLYedu5ets arecapitabs&l tOSLofs Osets lexthvJin¥ VATI ¢xc¢ed$ £500 TaD8ibk tLXea%ets
atE Ststed iicosi less dcpieci4tiOn whi¢h tsproVcdInaryry Over theestimited ustrful econ¢mi¢ lives ofth¢
set5 Depieriation is PlOVtd¢d li the followin8 anll r*s
FixMtC5 FIn]gS
20Yo str&t bne
Idenufied WebsitedeIcyrrtef tswdiiuic 15 CaPIIAlis¢d exient thit tschnical.¢omMEi and financial fe&%ibility
callbtdeMoltraEe4. Intanoiblr455ets are #mmotys on astraIt luh¢ bases ov¢1 eful lives
p Stocks
StockscoThs1# orP#S¢d 8004s forale ar¢s¢ated &tThe lowerof¢tsst4nd n¢t rlble v4JuE PtOVlSi¢n IS
for5Niw4nown8 or obsofeT?Jteiti% where apwopn¥tr
ClubS4w
phf¢L
FWA
1S.7r4
Ckni
4.
4)6
47
Fu
Fw
Aw
Elw
*74
'J
pw
Td
24
Veitsi¢*hLyr *pk*TV
T•
iJ65
157
JJ¥
rN
Cwtgf
wWIl
)7A
sLWLr
Tovj
17J.117
yRIICsvppwi
.149
L7
&J45
11.5
¢PLIe
S.97)
1,41fy
4.ZQP
L4
1.310
lJ41
95
IMct(W4
1.4oty
32.1
l.497
SJ
6.>
97Q
J9.011
21.676
3D
1.6y7
TheRoyèl NavalAssotiAtifjD
NthegtotheAccountsfDrthèyèarended 31StDe¢embei2024
Tol
GoY¢rnJnct
relaied
Tor
Suroort¢¢s
salane5, IvJJranCc 4dl
pcnsionschwmnbuarjI
RNWC iupporLttosti
Trave[bandl$
R4*&•ttd Uts]E
JD5urw¢
P¥ iné sLilithnary
ComputerwAW
Diiabayc W¢baiEc ¢osls
30,650
29.504
72.959
29.J64
7J,959
14.958
14.958
3.57T
J.528
4,003
3.936
2,097
7.079
6.N5
3.936
¥.062
6.615
7,079
6,345
58p
28
4,200
924
l.D¢6
3nd UktEreyt
2.400
924
i15
740
525
1.046
confereuct
Capitatson r
346
2.942
2,942
49.844
P5.9QO
ID
The Royal NavalA550ciation
Notes tothe Accounts forthe year endthS 31stDecember 2024
9. Grant5 Aivarded
2024
2035
SiandardFund.
Gtants fftdividua]s
600
CenlralCharthe5 Fund..
Welf&e grnnts to In¢VIdualS
681
JOOO GOOdDee Fupyd..
Grdnts lo mdividuals
1.497
641
Bton¢h ttitdclub SiipporEFzthd.
Grants to Branches and Clubs
5,372
11.915
TropLFpori Flld.
Gr3nts lo u]dida1S
880
77
Total Grants Award
8.349
13,314
10. N¢t IntfpmiDg Rtwurccs afttr Charging:
2024
2Q23
Nei in¢omingr£soMrcu are stGiedafier charying
in the generalfvnds Fund.
BFooms Professional Service5 Ltd..
Independent exarninatio
4.200
2.400
DeprlatIOn ol fixtyres and fitting5
746
1.050
Depreciation of Inranyble assets 1b5ltel
300
Net incomingrgsour¢e$ siaiedofrercltQTging
in rhe 5É1JTopkore Ftd.
Depreciation of fixtures and fittinB5
1.214
li
The Royal Naval Associatio
Notes to the Accounis forthe year ended 31s1 December 2024
tsDEible rued Asseis
Wtb$ite
Total
CostNAluAtion
Ai 1st January 2024
AdJilion$
Disposa15
Ar 31st Dec¢mr 2024
10.800
10.800
10.800
10,8(10
Amortisatitrn
Al 151 Ja]uary 2024
Charge for year
D]sws$
Al 315t Dcccmkr 2024
300
300
300
300
Net Book Valut
At 31st December 2024
JQ.50P
10,500
Al SJSI December 2023
112,800
10,BOO
12.
Tangiblt filed assets
Fixture$ and
Total
equipment
CDibValu41ion
At Isi January 2024
21.564
21,564
Additions
Di5posal$
Al 3lsl De¢etnber 2024
21,564
21,564
DtprecÉatio
At 1st JanLWy 2024
13,826
13,826
Charge for ye&
1,960
1,960
DiswsaL*
At 31ll December 2024
15,786
15.786
Ntt Book Valut
Al 31st December 2024
5,778
5,778
Al 3161 DeGember 2023
7.738
7.758
12
The Royal NavalAssociation
Notes tolhè Accounts fortheyear ended 31st December2024
13. fnY¢$tments
The inv¢sthJeni p)rtfolio has ken valued al matket value as at 3151 Deccmbcr 2024.
Movements in fi%ed assct investments
2024
2023
Mgjket Ve broughi fotward
Addiiions at cost
Disrosals at c1ng¥%Iuc
Net gaiTbll10551 on r¢¥alualion
1,395.324
923,887
1933,5941
165,910
1,416,454
709,196
1770,680)
40,354
Market value ¢aEried forward
1.551,527
1,395,324
Analysis of rnaxket value of investm¢nls by t)ye".
2024
2023
Fixed Tncome
Eouiii¢s
Property
AlÉtrnative investmenis
Liquid Asgels
129.585
1.206.268
61.968
134.171
19,535
212,428
964,263
60,545
147,038
11.052
1,551.5?7
1.395,324
Analysis of Ink¢[ value of mve5tm¢n15 ktween thosc held within ld outside the Uted Kingdom..
2U24
2023
Within Ihe (fK
Outside the UK
408,475
,143.052
458,558
936,766
1,551.527
I,J95,324
13
The Royal Naval Associatlon
Notes to the Accounts for the yearended 31st December 2024
14.
Debtor$
2024
2023
Due from branches
LoS t¢> club5 and branches
Suudry debtors and pr¢paytnents
3,160
50,260
42,752
11.874
35,113
44.991
96,172
9J.Q78
15.
Creditors
2024
2023
Trade ¢TeditOTS
Due io bFanches
Provision for capitaiion fees
Fund8 from decomtni5sioned branthcs
Sundry creditois. accrnals and deferred income
53,882
26,527
2.023
1,892
75.660
56.194
2,831
90,580
31,488
178,781
162.296
14
The Royal Na¥aiAssoclation
Ilrft5tothea¢£ountsfortheyear emded315tDe¢ernber2024
l& Staff
2(b24
2023
s¢
P¢nsioh Costs
Employeil insuran(¢
322,408
29.354
521.542
39,5SJ
27.7Q2
379.579
378.179
AVera8eJuMberofaff durinÈ thiy
Employ¢e's ernolum¢nty bBlow £60.0(
EmplDyEe¥¢molurneDts above £60.000
Employeet Èrlloluments paid through Oth fund gra¢5
12
No trustee or perSOh relat¢dot connethed by business itsihemhas tt¢eived remuneratlon from the
As8(KAtion nor have they eMeTed Èny troj1¢110ll. ¢ontractorothei artangewrtnt wih th¢ Asso¢ialion
Durin8 Ihe yeu.expew W¢r¢ reimbursedtoth¢Bo*d ofTTUs*trnÈrnrs which pnn¢ipallyEEpreient
r¢unbursed ttavElling. a#0oda11ort and subs1stsnceexnc5 In attending m¢eiiftgs aTrd otTi¢l atrangements,
whichaie Includeé In the Iravellinglnd liSon-atIMÈ council other m¢thngs" COM of£14350
17. PuDd5
The Geneial Fund L4 unrestritted fvlld llsedfor gtherdpwptr5E5
b The Stsndards Fund to t* used for the repjiror rcplacement ofdamwd. lost orstolen brwi¢hslèndards
The PIopertyFd 15 deswated forthe purpose ofacquirihE woperty for use by theCtrI O(fi¢e
d The Swindon nd has beencrea*d & a desiiDthd unrestricted fjjnd toshowuie donatioTh thAt generously
gifted bythe SwindoTh branch
TheCen1ichITIUesFuné Is used foi 5pecifi¢ Charitable proiectswhichnwst provide as%15khtttosenryngand ex-
ThaV personhcl iheirdEPBndants
l The 1000 QoodDEedsFund tstoencourHge nb)Et able shipmiTES to ¢ake le55 able sP50Ut ro events.
The Br3Ch Clubsupport Fund provtdes a>si&tance to bran¢h¢s andtheif club5
TNaV 5ery1cememorL Fund (formlY known u Chartei Challenge2014 Fundl 15 Used for th¢ fvwi
tenante and lnsuiance0f¢h¢men1i3j ¢ieci¢d al The Nattorkal MernonalAthre*um
Thc PIoiECtSemaphore Fund isto provide InfoFkJ]&IDn ie¢knoloKJ ¢othe digiLally Isdaled veterAn5
The InshTr4nsport Fund Isto provide fika#ti31 asSlSLlh¢e for Ihc provi0 of transpori In Ihe whole ollreland
k The Minibv5Fund Is to be used to supplyand maintsin Ihree nuThibu5es to miogare SOci311501ation m vetera
The W¢ifat< delivery fuTrJ i5lD wovide funds IQF a salary and delivery foi th? professioThl$aon ofwelfare
supp)rt lo the nKmbership
Swko TV Fund 15 generousty piovided byRNRMCEorRNArneMrs cAnSes]cthd wjth the SUppEthe
Spatko Pioieci fvnd ha5 now been clos¢d th the grantbr1nBrepa thisyear
RNRMC SIG Co-oidinator Fund h&% bccn e#)blithed wryth agener(¥ giAnt from the atghJn fund which has bttn
iectlVEd theCovcnEni TIus1 through PMMC It Is aithtd atmakingthc Ass(Kiation nwre accessibk aNd
more Ole11vC to wotknn8age vethtans thereby IThprovi thEIrlIb¢Ing health reIlenCe.
15
The Royal NavalAssoclatlon
Income and Expendituie Account lor the year endèd 31st De¢ember2024
2024
23
Itteome
Members Donations Re¢eiv¢d
RNRMC SetViCe5 Donated
RNRMC Funding
Legacies and Oiher Donations Received
CorpoTaie Donaiions
Life MenJbeT SubscTlPtions
Income T&x Keclaimed on Gift Aid
66.744
92.011
147,0
79,331
15,700
2,240
6.643
72.901
72,959
155,485
233,639
8,350
840
3.816
409.669
545.990
Good5 Depafftent- Incorne
Cosls
14,936
(J3,950
5,206
(6.755)
986
Diaries-
In¢omt
.752
(1.680)
1.661
{J.3J9)
Costs
72
342
Royalties and Cotnmission R¢¢¢ived
J55
Lottery Income
26,874
4, 16]
Invesiment Inwme
32,846
33.412
Grant for CONA
D-Day Income
4,215
IMC Sailing Income
16,011
Totgl Income (tarried fotwardl
490,673
586. 719
Note.. This page does not form part of the fomul accounts
16
TheRoYIlMa¥al5Kloon
In¢ornaAndE¥pendiiuf+Ae¢tsuntfoith•y•?r¢nded3tstDe¢•mbèi2024
49Q.673
Déduct.. EJpeThdStkr*
AdratrI[[W$nEl.NIjdsLPn
306.497
295.140
72.959
RNRMCwpport¢osts
398.508
368.5P9
14.J5D
NoRthv¢rnth¢e
CwlllOffuOpenDIy
610
33.OSI
3.526
?osia8¢ *]dTcicphung
Pr51a11tsnary
7.149
JO62
*bBa1W¢b5Iie¢el
Ywbooks
dNewlelll[S
07CC Equipmerl
0]E]Pmtlil L¢iJkio
PuLtyw¥b%I1e
21.5(
2V.41
CrfaphK5
3.486
Pf
CONA ExpEndre
tndQe[dk¥llrn*l10n
¢M&rtpe[d3
r¢war4thgTIauuDBS CcrtffteS
0.278
2.JQ?
3.241
a2
Lesal &ndProf¢Uion Ftt&
5.541t
nkChw8eskn41nttresl
Fff5
924
IQ.55A
Lottery Cos
1.6
746
Wdi Wnlu>8
M1S¢tllwU$EK1eS
4.394
sland Eveh
LMC salEYE
D-DayEve
WeW¥c SEllJyw
JMCENrulY¢¢Qil
I CoThfttentt
UckeT5ChaMpiODthp
F¢e5
9,758
1.476
i3$
204.148
T91 Expehd5¢urÈ
56S,121
IDefiutVSuFphJ fDr theYr
Noli TluJp4¢
17