# **Annual Trustees’ Report 2025** **Central Office** **Lanyard House** **HMNB PORTSMOUTH P01 3LU www.royal-naval-association.co.uk** ## **The Trustees** ## **As at 31 December 2025 the Trustees of the Royal Naval Association were:** VAdm D L Potts CB National President S/m A Boddrell NCM 6 Area Cdre M Slawson OBE RN Deputy National President S/m R Lock MBE Vice-President S/m L Higgon-Young NCM 7 Area/Overseas S/m P Godwin NCM 8 Area S/m P Harries NCM 9 Area S/m T Pike NCM 10 Area S/m R Hastie-Murray NCM 11 Area S/m K Ridley MBE Vice-President WO1 S Hanson Vice President – WORN S/m A Christie National Chairman/NCM 3 Area S/m P Stephenson NCM 12 Area (Ireland) S/m D Potter NCM 2 Area S/m S Elliot National Vice Chairman/NCM Scottish S/m W Belfitt NCM 4 Area Area S/m P Chivers NCM 5 Area S/m P Nichols National Honourary Treasurer No 1 NCM Trustee position is currently vacant, with S/m Nick Purkis as an observer only. ## **Executive Staff** The Trustees delegate responsibility for the day-to-day management of the affairs of the Association to its General Secretary (GS), Capt Bill Oliphant RN. The Central Office team in 2025 consisted of: 2 ## **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. ## **Bankers** Our bookkeeping and management accounts are now done by the Royal Navy Royal Marines Charity (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 RNRMC on a unitised basis. The Hon National Treasurer (HNT) represents the Association at the RNRMC Investment Committee. ## **Solicitors** The Association’s Solicitors are Messrs Blake Morgan LLP, Harbour Court, Compass Rd, Portsmouth PO6 4ST. ## **Advisors** In addition, the Trustees have appointed two Advisors to assist the Association Management Committee (AMC): S/m Nick Purkis Head of Governance Committee S/m Mike Smyth National Ceremonial Advisor 3 ## **Report of the Trustees for the year ended** ## **31 December 2025** ## **GOVERNANCE AND MANAGEMENT** **The Trustees** present their annual report and financial statements of the Charity for the year ended 31 December 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the 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. The Royal Naval Association (RNA) was incorporated by Royal Charter granted by Her Majesty Queen Elizabeth II on the advice of Her Privy Council on 15th July 1954. A Supplemental Charter was granted on 26th May 1990, which is the Charter now in force and forms the basis of the current Rules and Bye-Laws. It is our primary governance document. The Charter and Rules are subject to minor amendments annually depending on Conference motions. The Trustees comprise the National President (NP), Deputy National President (DNP), National Vice Presidents which includes the Warrant Officer to the Royal Navy (WORN), in addition a serving Warrant Officer, Honourary National Treasurer (HNT) and elected members of the National Council (NC). Each elected NC member 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 (SOC) at each Annual Conference. The NP, DNP, National Vice Presidents, National Honourary Legal Adviser and HNT (when not an elected NCM) are appointed by the NC, as are the two RN Warrant Officers. The NC of the Association delegates routine work to three sub-committees – the Finance & Administration Committee (FAC) **,** AMC, and the Governance Committee. In 2022, it also established a Diversity and Inclusion Advisory Group (DIAG). Newly appointed Trustees are provided with information regarding their legal duties and responsibilities, as well as key documents published by the Charity Commission and Trustees training is also conducted, including Trustees Continuation Training. Details of the Association’s officials are included on the Association website (here) The RNA enjoys membership of: Cobseo, the International Maritime Confederation (IMC) and the Conference of Naval Associations (CONA). The RNA has a formal Memorandum of Understanding with the RN which will be updated in 2026. There is a strong network of naval charities who are in regular communication. These include but are not limited to RNRMC, Greenwich Hospital, Royal Naval Benevolent Trust (RNBT), the Naval Families Federation (NFF) and the Royal Marines Association (RMA). The General Secretary acts as a managing member of the Irish ex-Services Trust disbursement committee. **Central Office (CO).** RNA CO is in Lanyard House, Scott Road, HMNB Portsmouth and is shared with the Association of Wrens (AoW). 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 CO. 4 ## **Objectives of the Royal Naval Association** (1). Further the efficiency and well-being of the Service, preserve its traditions and encourage recruiting. (2). Foster comradeship and "esprit de corps" among those who have served or are serving in His Majesty’s Naval Forces. (3). Provide facilities for bringing Members together. (4). Perpetuate the memory of those members of Our Naval Forces who have died in the service of their Country. (5). Provide relief from conditions of need, hardship or distress to persons who have served or are serving in Our Naval Forces and their dependents. (6). Advise members and other persons who have served in Our Naval Forces and their dependents on subjects affecting their welfare, referring on to appropriate agencies where specialist advice is required. (7). Advise and assist Members and other persons who have served in Our Naval Forces in their search for employment. (8). 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. ## **Public Benefit** The Trustees confirm that they have taken due regard of the guidance contained in the Charity Commission’s 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 national welfare network, minibus provision to all members, and through the Seven Cs Comradeship model. Also, there is growing academic research evidence that being part of a comradeship-based Association like the RNA creates both immediate and upstream social and mental health resilience, contributing extensively to reduced loneliness and isolation; as such the Association does much to lend itself to social prescribing. 5 ## **FINANCE** **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 RNRMC who have underwritten this move with a substantial grant. This has allowed considerable growth of the organisation which is now over 150% larger in the 5 years since. We are now reaching considerably more of the wider naval family. **Risk and Reserves Policy:** The Trustees concluded that the risk set against the Reserves policy remains satisfactory for the uses of the Association. The Reserves Policy is reviewed annually and aims at holding sufficient Unrestricted and Undesignated Funds to provide funding for the following: a. Financial resilience if donations do not keep pace with the rising costs of providing services to members. b. To generate income to subsidise current activities. c. 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. 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. **Review of Reserves:** The Trustees have reviewed the level of reserves against their policy and 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 to expand or reduce them since investment income contributes significantly to meeting operating costs. **Offices:** Our lease for the offices within the Naval Base has been renewed and we are unlikely 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 use these funds. **Investments:** Investments have been disappointing in 2025. Our investments are effectively a share of RNRMC’s whose investment brokers remain Sarasin. This is currently under review. 6 **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. **Standards Fund:** This is a fund where the Association self-indemnifies 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. ## **FINANCIAL REVIEW** The Trustees make the following observations: ## **Overall** 2025 was the 75th anniversary of the Association and as such the Trustees accepted a significant deficit budget of £265k in order to make the most of the occasion. In the end the decrease in total funds was limited to just over £117k leaving a bottom-line balance of £1,510,086 The Trustees are content with the financial position of the Association. The Board of Trustees remain thankful to RNRMC for taking on the role of Management Accountants during 2023. Brooms retain the audit function. The 2025 budget process included all Funds. With membership growing significantly, the Trustees are conscious that our fundraising ability needs to be focused closer to home. Our members are generous in their funding support, much of which goes to other naval charities or local organisations. RNRMC remains our greatest benefactors, the RNA membership has been encouraged to fundraise for this worthy charity as it supports the entirety of the naval family, however, we are working towards the membership also funding our own benevolent activities, such as the Raleigh Veteran Mentors and the Thriving Together Programme. ## **RNA Income includes:** a. **Donations in lieu of Subs** . £121,812 was raised in members donations. This is significantly up from last year’s sum of £97,005 but most of that increase was attributable to the large donation from Aberystwyth Branch of £50k on their closure. 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 C’s initiative. ## b. **RNA Lottery.** Lottery income increased from £26,874 in 2024 to £32,384 in 2025. c. **Legacies** . Income of £51,046 was received by way of legacies. The Trustees are thankful for these donations and recognise they are an important element of our funding. These are now part of the budgeted income with a five year average being used. d. **Branch & Club Support Fund** . 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. Equally, the 1000 good deeds fund established in 2021. Grant making across the funds was up at £11,964 from £8,349 the previous year. ## e. **Gift Aid** . £5,736, down from £6,643 in 2024. f. **Investments** . Investment income is reported under FRS102. Investments remain held in a Custodian arrangement with RNRMC. Investments were disappointing in 2025 with a gain of only 3.15% which was below market average. With a drawdown on investments of £175,000 over the year the market value of investments of investments at Year End was £1,413,756 which is down from £1,551,527. 7 g. **The Naval Service Memorial Fund** . Expenditure on the fund was £579 leaving £7,578. Although this fund previously held 10 years' worth of insurance and maintenance, regrettably a crack has been discovered in one of the panels. This will need a repair of some £15k which will also seal the remaining panels. NMA have increased their insurance massively and the Board are considering a one-time payment of £60k or an annual fee of £3.5k. h. **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 in 2024 for running costs. A further bid to Veterans UK will be submitted in 2026 for £30k over 3 years. ## **Annual Accounts** The main element of the Accounts for the year ended 31 December 2025 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. The Trustees remain grateful to the Independent Examiners Brooms for their continued support and guidance and to the Finance Team in the RNRM Charity who do the bookkeeping and management accounts. ## **Risk Management** Risks are assessed by the Trustees, with the Risk Management Policy reviewed annually and the Risk Register reviewed quarterly. Financial risk is assessed in the 10-year forecast. The most significant financial risks are the switch to a donation-based income model not realising the funds required to operate the Association, grants from funders being terminated, movements in financial markets affecting investments and the MoD unexpectedly terminating the lease on HMNB Portsmouth offices. There remains an operational risk with slip, trip and medical emergencies during RNA events. The Charity mitigates this risk by training most of the Central Office (HQ) staff as British Red Cross qualified workplace first aiders and bringing our Automated External Defibrillator to national events. 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 2026. ## **Branch Governance** Trustees remain alive to the risk of reputational damage to the Association due to faulty governance and continue to work hard to encourage and enable best practice. The Governance team have once again delivered a series of on-line webinars to support End of Year returns with almost half of attendees being new in their Branch Committee positions, and 70% having not previously attended. The increased personal engagement with Branch Committees, particularly using Zoom, resulted in a significant increase in correct and timely returns. Handling of non-compliant branches is robust, with close monitoring and reporting in place through the quarterly governance report. **The Royal Charter review** continued to progress at a pace with a plan in place to brief all areas and a comms plan to deliver the message across all Shipmates during the first half of 2026. 8 ## **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 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. **The IMC Sailing Camp was a highlight of 2025** 9 ## **STRATEGY** ## **Mission** Our mission is to **foster comradeship within our membership,** underpinned by an overall 7Cs approach: Compassion, Comradeship, Care, Community, Celebration, Connection, Companionship, Commemoration. ## **Strategy** 2025 represented the final year of our first **5 Year Plan** , with 2026 the first of our second. This second plan and the effort to deliver it is aligned to our 7-C's approach and budgeting, as well as our Objects, pointing towards a maturing and realisable RNA vision. 2025 was a major 75th Anniversary, profile and fund-raising year for the RNA (known collectively as ‘RNA75’) and will live long in the memory. ## **Potential growth areas** Together with partners (as relevant) we will increasingly look to deliver a combination of the following: - Joined up peer-to-peer comradeship support, principally tackling social isolation and loneliness - Integrated Welfare & Wellbeing (WW) advice, signposting and assistance - Bereavement and funeral support for both members and non-members - Further ‘Thriving Together’ opportunities, including more Reserve/female/carer/minority group participation) - Family Sailing camps, supporting families and relationships - Integrated CONA delivery, joining dots and addressing naval charity sector support fragmentation • A central Naval Charities Information Hub via our website, App, Central Office team and telephone service, aimed at mitigating sector signposting and support fragmentation). As reported previously, we are maturing the 7 Cs concept, the **Seven Components of Comradeship** (depicted below), working with partners like the RNRMC, Greenwich Hospital, the NFF and the naval benevolence charities to take this initiative forward sustainably. As such the components are established as our measurable deliverables of output and our reporting is geared around this. 10 ## **ACTIVITY REPORT** ## **Army v Navy Rugby - Twickenham** The RNA was named charity of the match for this year’s iconic clash, which saw the Navy secure an impressive and well-earned victory. The RNA organised its own enclosure, complete with a members-only bar, laying the groundwork for this to become a flagship event for the RNA for years to come, strengthening camaraderie and visibility ## **International Maritime Confederation (IMC) Sailing Camp** In July, the RNA was delighted to host the IMC’s annual Summer Camp at the Royal Hospital School in Ipswich once again. This organisation brings together a host of nations to foster connections and build comradeship. The RNA currently holds the Chair of the IMC. The Summer Camp was aimed at young people from 12 to 26 years old. The British contingent were all sponsored by The Naval Children’s Charity and have various reasons to be invited from illness to bereavement. Service children cope with separation and many other service linked disadvantages, on top of the normal stresses and strains found in everyday life. We are proud to support them through this. ## **Annual Conference** The RNA75 Conference was held in Portsmouth Historic Dockyard, organised by Central Office. Festivities included an evening reception on HMS WARRIOR 1860, Ceremonial Sunset, National AGM, Gala Dinner, Service at St Ann’s and a tea party at Admiralty House to round off the weekend. Central Office ensured that this special year was celebrated in fitting style. 11 ## **HMS RALEIGH Veteran Mentoring** The Veteran Mentoring scheme is on a firm footing in RALEIGH. All mentors will now be Disclosure & Barring Service checked and receive the same Equality & Diversity training the staff enjoy, and they are also all now fully trained mentors. The scheme is so successful that we are hoping to extend it to Dartmouth in the coming year. ## **Open Days** Central Office arranged several Open Days in 2025 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. ## **Sports and Comradeship 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, ensuring clarity, continuity, and alignment with established policy frameworks. The initiative remains successful and is a key element of attracting working age veterans and serving personnel into the Association, fostering inclusion, shared identity, and stronger connections across generations. We aim to have something for everyone from model-making to cricket, encouraging participation, skill development, and lasting camaraderie among members across all interests and abilities. ## **Culture and Values Sessions** The initiative continues with Phase 2 trainees from COLLINGWOOD and SULTAN, building on earlier successes and expanding engagement opportunities across training establishments. Based on naval history, a walk through the Portsmouth Naval Base Historic Quarter illustrates to the trainees why a career in the RN is important and the significance their contribution makes to British society, heritage, and national security 12 **The list of current SCGs is in Annex B.** ## **CONA Conference** ## **World Uckers Championships 2025** As endorsed by the First Sea Lord, the RNA is the World Governing Body for Uckers and was proud to host the 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 RNA and sponsored by Uckers ya Uckers, this year saw players from the RN, RM, and the RAF compete. In a re-run of 2024, the winner of the Singles title was Stan Patterson (RM), from Poole, and runner up was Brent Latham. 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. ## **Remembrance** The RNA supported Remembrance across the country, specifically enabling WW2 veterans and their families to attend the parade at the Cenotaph in London. For many of our older veterans, this was the first and the last time they attended the parade. Pictured: Don Coombe and his grandson Ben. Don featured in our Christmas Appeal. It was the first time he had attended the parade. Sadly Don crossed the bar soon after. The RNA continues to support his carer and grandson, Ben. This was successfully conducted in 2025 with participation from many associations, small and large. The RNA retained the Chair. It is becoming increasingly apparent that smaller organisations need the help of the larger ones to stay afloat. The RNA is committed to this and has embarked on a project to offer more structured assistance in future years. 13 ## **Minibuses** A great asset which is a benefit for all. The original LIBOR funding and the subsequent funding from the Seafarers Charity has now been spent. We are looking at future funding to keep all three minibuses on the road. The minibuses have been used for a variety of events, including trips to Normandy and London. Buses are currently based in Portsmouth, Plymouth and Manchester ## **Charity Fundraising Concert featuring the Fisherman’s Friends, HM Band of the Royal Marines and the RNA Choir** Central Office led with fundraising in 2025, organising the RNA75 spectacular concert in Portsmouth. Around £30,000 was raised for the charity and over a thousand people enjoyed this high-profile event. More than just fundraising, this concert showed the military charity sector that the Royal Naval Association is more than a small collective. The RNA brand was reinforced, establishing us firmly as the foremost Naval Association in the UK and beyond. 14 ## **Communications** The following comms outputs have been achieved in 2025: **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. This year the Yearbook was also offered in digital format to those who would prefer not to get a hard copy. ## **Online communications:** **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 bi-weekly publication sent out on the third and 5th Friday of 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 2nd Friday of the month is communications for Branch Committees and is addressed to both the Branch Secretary and, as backup, the Branch Chairman. **Fundraising and targeted email.** Sent on the 4th Friday of every month, this makes members aware of fundraising or other important projects happening across the network. **Social media.** Strong development and increase in social media platform users. Instagram - over 1000, Facebook over 13,000 followers, LinkedIn over 3,500 followers. Facebook continues to be our strongest platform, which rings true to our current age demographic. Development of the younger facing platforms such as Instagram, and moving towards TikTok in the future is hoped for. ## **Virtual Gatherings:** **Fireside Chats.** These continue 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. They are all recorded and available on the RNA community Facebook site. **Saturday Night Virtual Tot.** Equally, the very popular Saturday evening virtual tot hosted by the Wrexham Branch continues. Details on the Community page. **Welfare Wednesday Talks.** Led by the Welfare team, these webinars have a strong emphasis on wellbeing and are aimed not just at Branch Welfare officers, but anyone interested in the topics they explore. **Winter Quiz Nights.** Once a month, through the winter, these informal and fun evenings are an antidote to dreary Friday nights. Participants can join as part of a team or on their own - it is a fun and supportive environment. **Access to all the above online events is via Zoom, the links being advertised in all outward comms and also on the website ‘online events’ menu option.** 15 ## **Operations and Membership** The Association is undoubtedly thriving with membership numbers now at 25,000. 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 generation. 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 remains to recruit more working age veterans. While numbers are up, our data shows that it is the Lanyard Roll which is increasing the greatest by percentage. This is mainly because new entrants are listed on the Lanyard Roll as there is little point encouraging them to join local Branches when they will be in training establishments or off to sea. New recruits are, however, encouraged in their joining documentation to visit their local Branch when home on leave. 16 ## **WELFARE/WELLBEING** ## **Strategy/Funding** The Welfare & Wellbeing (WW) function continues to play a vital role in supporting Comradeship across the Association. The Trustees express their gratitude to the Royal Navy and Royal Marines Charity (RNRMC) for their continued funding into 2025. This support enables the Association to maintain a consistent, safe, and modern approach to welfare delivery. The Board remains focused on ensuring all WW activity complies with safeguarding legislation and aligns with recognised sector best practice. ## **Development of the Welfare Model** The Association has now fully embedded a bottom-up welfare model shaped by Branch and Area insight. A dedicated working group, comprising healthcare professionals and experienced welfare practitioners, has established a tiered advisory network, providing proportionate guidance according to the complexity of individual cases. Updated role descriptions for Branch Support Volunteers, Branch Welfare & Wellbeing Officers, Area Welfare & Wellbeing Officers, and the Welfare & Wellbeing Support Coordinator now provide greater clarity, accountability, and consistency across the Association. ## **Safeguarding our volunteers and reporting our activities** Significant progress has been made in strengthening governance and enhancing volunteer support: - Publication of the 2025 Welfare & Wellbeing Guide, outlining clear expectations and safe practice. - New Telephone Buddy and Lone Worker guidance, improving safety for volunteers delivering one to one support. - Updated monthly reporting tools, reducing duplication and improving oversight at Branch, Area, and national levels. - A strengthened signposting grid, ensuring appropriate and timely referral to statutory services and the wider military charity sector. - A new RNRMC Strengthening Families booklet, reflecting the increasing complexity of family related needs within the naval community. Collectively, these improvements demonstrate a shift to a more structured, compliant, and sector aligned welfare system. The Association is now formally registered with the UK DBS Umbrella Service. This enables appropriate vetting for volunteers undertaking higher risk welfare activity and further strengthens safeguarding governance across the organisation. ## **Progress Since the Previous Report** A fully modernised suite of WW documents and guidance. Introduction of a new advisory network, replacing the previous centralised model. Strengthened safeguarding practices, including DBS registration. Enhanced reporting tools, improved signposting, and increased volunteer safety guidance. Greater alignment with expectations across the wider naval charity sector. 17 ## **ENGAGEMENT** **Partnering.** There has been a change of leadership in some close partners within the naval charity sector in 2025 with RNBT, the RM Charity/RMA and Aggies all appointing new Chief Executives. Despite this, the Association continues to enjoy close working relationships within the sector. The Association has collaborated with the following partners **during 2025:** a. **RNRMC** for funding, admin support, and shared communications. RNRMC’s support is fundamental to the success of this programme. b. **RNBT** for beneficiaries Wellbeing Support and advice - our "one up" when wellbeing becomes a welfare need. We have conducted previous Staff Talks with RNBT. Instead of relying on SSAFA, RNBT intend to start two new Caseworkers operating solely with the RN community. These will link in with local RNA Areas when they are established. c **. 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. d. **RNRM Widows Association** for a close partnership in bereavement support. e **. CONA** . As President of CONA to reach and influence approaching 100 individual large and small naval associations (including Submariners, the AoW, RNR, MNA, and RMA), providing overall coordination, advocacy, and leadership where applicable. Our next CONA Conference is in September 2026 in Portsmouth Historic Dockyard. f **. Cobseo, OVA, SSAFA, RBL, VOS, ASDIC, Veterans UK, Single Cap badge Association Network (SCAN),** and others regarding AFC, and a wide range of advocacy issues. NB: On many higher-level occasions, the RNA is the only naval representative, speaking on behalf of members. g. **Corporate Sponsors.** The Trustees are also extremely grateful to all our corporate sponsors. 18 ## **Chairman’s Message** _I am truly honoured to be the RNA’s National Chairman and am always thrilled to progress the work that the NC has initiated over recent years to promote_ _**our** Association. We celebrated our successful 75th anniversary in 2025 but also have an especially exciting future ahead of us, the NC delivering the most significant reformed governance and updated Royal Charter and By-Law updates (approved by Shipmates at the Cardiff Conference) in our history. Of course, we have another year’s full comradeship programme ahead of us including a June 2026 Conference hosted by another set of outstanding Shipmates in the City of Salford branch!_ _We continue to be extremely grateful for the support provided by RNRMC and I again personally thank RNRMC Trustees and staff on behalf of the RNA’s National Council. With that assistance and the hard work and effort of our own Central Office staff in Portsmouth, I am delighted to report that the RNA remains in excellent shape with Membership now standing well above 25,000, an incredible achievement considering how low the number was only a few years ago._ _The essential delivery of our updated Welfare and Wellbeing support has also been Shipmate driven, whilst ensuring that the RNA remains compliant with current best-practice policy and governance.”_ ## **Andy Christie National Chairman** ## **Annexes:** A. Life memberships awarded in 2025 B. Current list of Sports and Comradeship Groups with lead contact details 19 ## **Annex A:** ## **Life Memberships awarded to Shipmates in 2025** Keith Smith Norwich Michael Grice Bolton Mark Bardsley St Austell Ronald Dorey Maidstone Ivor Williamson Coventry Margaret Williamson Coventry Catherine Webb Lee-on-the-Solent Edwin Chaplin Grantham Rachel Dawson Lichfield Kevin Sharman Spalding Anthony Webley St. Neots & District Michael Milne St. Neots & District Kevin McAllister Crosby Alfred Crossman Horsham Mike Kirkland Chard Mark Slawson OBE Wrexham Christopher Jose Redruth & Camborne Robert Lindsay Londonderry ## **Life Associate Memberships awarded to Shipmates in 2025** Steven Webb Lee-on-the-Solent Yvonne Crawford Spalding 20 ## **Annex B:** ## **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 Cruising - in partnership with the RNVR Yacht Club: david.c.monks@gmail.com 21 THER YAL NAI'AL ASSOCIATIOli Charity Registration Numbtr.. ?66982 STATENIENT OF ACCOUNTS FOR THE YEAR E)DED 31ST DECEMBER 2025 BROOMS PROFESSIONAL SERVICES LIl￿TED ERF.D -ERTIFIED A The Royal Naval Assoclatlon Flnancial Statements forthe year ended 31st December 2025 Contents Pa8e Charity Reference and Adtnini5trative Detai15 Trustees, Annual Report (sepaiate document) Ind¢pendent ExamiTh¢r's R¢port Statement of Financial Activitie5 Balance Sheet Statement of Cash Flows Note5 to Finanrial Stat¢m¢nt5 6-15 The Royal NavalAssoclatlon Charlty Reference and Administrative Detalls torthe year ended 31st December 2025 Charity R¢￿StralI0￿ thumber 266982 TtuSl¢eS VAdm D L Pons CB- N'aiionol Pr¢sid¢ni Cdre M Slaivson OBE RN- Deputy Nalional Pr￿￿1￿)1 Slm k Lock MBE- Vi¢¢ Presid¢iil Slrn K Ridley- Vice President aDdNCM 6 Ar¢ WO S Hon5on- Vice Presideni- Wamnt oificer w ih¢ Royal Na SIM A Christie-Naiional Chaimon & NCM 3 Aiea SIM D Potter- NCM ? Area SIM W Bclfiit- NCM 4 Are SIM Diana Sadler- NCM 5 Arca SIM Anihony Boddrell - N'CJM 6 AYe4 SIM L Higgon-Youn8- N'CM 7 Area IS Waks & Gli)ucesterl & Oversea5 SN Peter GLvJt4ln- NCM 8 ATea SIM P Har¢ies- NCM 9 Aree SIM T Pike- NCM 10 Area l R Hastie- Murrny- NCM I l Area SIM P S¢ephen5on- NCM I? Ilr¢landl SIM S Elliot- NCM S¢ottisb Are) SIM P Ni¢ho15- Nau¢)nal TT¢a8ur Chief cxeculive offi¢er{Gelleral Stcrtaryl Bill Oliphant RN Ind¢pen&nt examiner BtOOmS PrOtcSsiOllol Scnrycts Lirnited BIOOM Hou$c. 39143 LondonRoad Hadleigb. Bennett Essex 557 2QL Soli¢itor Messts Bl8k¢ MorsAn LLP HdTbour c￿rt. Comp*ss keid Portsrnouth, P06 4ST Bankéts Royal Bank of S¢oiland Holts Branch 31-35 Victoria Road Farnborough Invesimeni managers The iioyal Na%yand Royal Marine Charity i} li i e Ill. I 3 ¢ortlirtued The Royal Naval Associatlon Balance Sheet as at 31st December 2025 2025 2OZ4 Notes Fixed 05Yet5 Intgn¥iblE 455etS TgnRlblÈ asset$ 6,900 5.829 12,729 70.500 5.778 76.278 Investment5 1,413,756 I,J5J.527 Currtnt assets Stttk of g(th4s for resale Debiots Balartccs with battk¢r$ 16,320 151,825 99,164 12.369 g0.J72 J29.576 14 rtsi¢rlciii?'eni asseis 267 309 ?311.117 Creditors.. amount5 fgllln2 due withln one year CTedilory 183.708 178.781 183.708 J78, 781 83.601 59.336 Tolal leJJ ciirrciii liobililics 1.510.086 1.627.141 Unrestr5cted funds Gcnctal fund Stsndards fund Properry fund Swindon fund 923.241 ID.000 491.375 I.OOJ.491 10.000 491.375 27.000 Re$trlcted funds Ceniral charilies ￿nd 1000 s￿1 deeds fund Brart¢h artd elub support fvnd Naval 5epJice meJJM)rial fLUN] Projtti semaphor¢ fund Irish trdnsport fijnd Minibus Welfare delJi'ery fund RNRMC SIG Cfrordinalor 21.464 1.442 77,747 7.578 3.525 5,977 18.972 2,318 52.IK60 8,157 4.739 7,347 5.170 14,578 3.154 1.600 1.510.086 J.627,14J These financial siaremenTS ii'ere appToied by the Trustees ort 8nd signed on iheiT behalf by.. • /cJs Vice Admiral D Potts CB Pettr Nichol Honorary Treasurer The Royal Naval Assoclatlon Statement of Cash Flow as at 31st December 2025 2025 2024 Cish flow froTh fund activity Ner movement in funds R¢¢onciliaiion to cash generated from operarion5'. Depr￿lation Investment income Net lossllgainl Iner of charses) in investh)ents (Increase)/Decre85e in Siock (In¢r¢ase)/De¢T¢a5¢ in d¢btOTS tncreasellDecreasel In creditors 1117.0551 (21.i22) 5,814 {24,4991 {45.956) 13.9511 {55,6531 4,927 2.260 (32.846) {J56,203) (3.000) {7. 934) 16.485 Net Cash flow froTh fund activitie5 1236,3731 (203.360) Cash flow from Inve$dng #ctlvlties Payments io acqiiire intangible fixed assets PaJTrient5 to 3cquire tangible fixed assets Proceeds from disposal of fixed asset investments A¢quisition of fixcd as5Ct inve51ments Investment in¢ome rc¢eiv¢d {2,2641 2,084,474 11,900,746) 24,499 933.594 (923.887) 34.926 Nef ca$b now from inve$tlllg #etivitie5 205,963 44.635 Cash flow from fin&n¢lng aetlvltles Net increAJe l {decreas¢l In ¢ash #nd ¢a$h equlv*lent$ 130,4121 (160,774) Cg$h and cg$h equivalents at start date 2025 129,576 296.350 C85h and cash equivglents at end date 2025 99.164 129.570 Cash and eash equivalent5 con5lSts of.. Cash at bank 2nd in hand Short terni deposits 99,164 J29.576 Cash #nd cash equivalent5 at end date 2025 99.164 J29,i76 The Royal Naval Assoclallon Notes to the Accounts forthe year ended 31st December 2025 l. Accounting Policies A¢¢ounting Convention The financial statements have been prq)ared uiider the historical cost Convention. modified for the revaluation of investments. They have bern p￿PaT¢d in accoTdance ivith the St2iernent of Recommended Praciice- Ac¢ouniin8 and Reportin8 by Charities prcparing Ihejr accounts In accordance %viih the Financial Rcportin8 Standard applicable iii the UK IFRS 10?) issued in October 2019, appliLable accounting Standards and the Charities Act 2011. They have b¢¢D pr¢par¢d on an accruals basis of accounlin8, except fo the restricted fi￿ds, whicli have be¢ll prepared on a cash acc0un1imn￿ basis. b. Income Reeognltlon Income is recognized in the period when the Association is entitled to receipt and the amouttt can be ￿ta$uTed with reasonable accuracy. In accordance with this policy.. Legacies are included wh¢ii the Royal Naval Association is advi5¢d that a payment will be made and the amount involved Can be quantified. Granls ar¢ in¢lud¢d when th¢ conditlTrns for Tweipt have been complied wirh. Gifls IIT killd and tangible in¢ome are included ai cost io the donor if known. or the value to the Royal Naval Assitiation at the dale of rcccipt. The accounting policy for subscription income is detailed below. Fund AccountÉn General funds are IinT¢%tricted fund% which are available for the bse at the discretion of the in151ees in furtherance of the D¢signzted funds aTe compris¢d of iinTestricied ￿ndS that havc bcen set aside by th¢ trustee5 for particular putposes. The aim Resiricred funds are fiinds which are lo bc US￿ in accordance ￿7th specific restrictions Imposed by donors or which have Investment income and gains are allocated to the appropriate fvDd. d. Donatlons Donations are taken as iocome uport r¢¢eJpt, and allocatcd to ¢ach relevant fund as advised. e. Life Members. Subscrlpiio#s Life subscriptions cannot be purcliased by indjviduals, bul only by BTanch¢5 and Areos irt reLOBnition of meritorious service. Ltfe subscriptions received were brought into lh¢ Accounts a5 income by equal irtstalments over a p¢riod of ¢eii year5. But from 2023 Life sub5cription5 recieved are now brought into the A¢¢ounts as income upon receipt. f. Gift Aided Sub5cription$ In¢ome Tax is recoverable from HM Rei'enue & Customs in Tespe¢t of subs¢riptions paid by gift aid, and is taken into account in the year the subscriptions aTC received. The Royal NavalA$5gcl3tlon Noles totheAc¢ount5fortheye4rended 315tDeceTnbei2025 l. AccountlDt Pollcles leoTr￿n￿ed) g. JThve51men15 B4ThkDepo5115 Investmellts are stated ai mark¢i value as at the bAlan¢e sheet thie using the CI￿l￿RqU0led market price. Rea115ed guin5 athd losses on Investments are ¢al¢ulat¢d as the ditYeren¢¢ b¢twe¢n 5ale$ proceeds and theiropening catryin¥ value Or Iheir pllrch4se i'aluc if Lcquired sub5C4ucnl lo thc first da> ofihc finacial ycar Unrca115cd g￿lms and ID5Sr5 are cakulaied a5 the diffcrcncc bclwL*Tr thc fair ￿lIll¢ 21 Iht cnd and shLir Larrying viluc. Realisi￿ and unrealiscd 8Jin5 and lo$$¢s arc eombiwl in the Stai¢m¢ni ofFirtèn¢ièl A¢iiiY¢ie5. Dividen&4 Jnd Iniefesl re¢eiiwbl¢ are Included In the Income and exT￿nd1¢￿Te èccouni when Ihey ai¢ r¢c¢iv¢d ai an amount which includcsany C￿di1 rccovctabl¢ froni HM REvcnuc & Cllstonis. Interest receivable froTn fixedterm depD51ts are accrued ￿ the penDd ihat il 15 dut. h. Expendlture ReeogDSt5on Liabilitieg art reco8llised as expendinue as soon gs Ihert is a legal Or consin￿[tVe obligation eommiiiinB iht¢h￿tY 10 Ihat Cxpenditure. li is probabl¢ thai sctilemcnl will bc rtguirtd and ih¢Amourtt of Ihe obligationc4n be measurcd reliably. All expEndinirc is accouhled for on Jn acctua15 basis. All expenses Including Support¢OSL% and Bovetnan¢e cosis 2[¢ alioeaied Ot apJxxTioned to the 8ppbcabk exwditurt h￿d￿¥s. i. AIIoc*¢Son of Support gnd Cowtrnancè Cosis Suppon COSLS h4vt bccn allwalcd bclwccn govctnancc c0515 Hnd othu 5UPPQrt citsts. Go%ernance costs Comprise all eosts jiivoliiiig the public accountabilityofthe charity al￿ its CL*iipliarK¢ wilh re8uIAiion al￿ 8ood praciice. The Only aPPONIOninetti io 8OYtmance cosis rt￿le TO adi￿1￿1strdIlve saknrits ele.. It￿ annual conferertce. th.hich are 4pwx¢ioned on the bASiS of lo￿% 10 g￿eTnance costs. b2s¢d on s14ff lime all￿a￿d to go¥em&nee issues. j. Cost fjf RAlsln¥ Fund5 'rhc costs of ¥CnCTttling inCl￿d¢S in%c5tmcnt man&8c]ntht ety$ k. C05t of Chirjlable A£tivlti¢s The ¢0st ofcharitable a¢TlI'ITies includes grnnis made. ¢051S attYibuiabl¢io charitsble acti¥iiies. Éovemance COSTS And other sUp￿rt ￿￿t5. I Irttome Tai Re¢lakned Dn Gl(t Ald Inwme ¥x is recovered frim￿ HMRC on iiicome rettived from su￿(rIPl10￿s and donaiion5 bywayof The Éifi aid schenie during the year. However. the actual amount recoverable fortheyear is brought in as a provision du¢ to the delay in the procc55inE ofThc mfurmatiijn. ThEdiflcrcncc between th¢ act￿1 Htnount receivcd and the provision is Ihen ￿juSt¢d for in thE subsequent yeor. Area Fees The brea c2PltaLioTr fee5 bas¢d on elemenis. al 5°A of¢h¢ subscripiiws reTr. conttact Dr Dihrr aTrBn8cmrhtll'i¢h ih¢Assocwtion Ihe year. Duiingihey¢oY. ¢xpen5eswere reimbursed ro th¢ Board ofTTUSt¢¢ m¢rnbrrs whichprincipJlly represent rrirnburscd Irairlling. ac£oThu[￿leI1DTh 5ub5i51tncc cxpcnse5 In altendin¥ me¢iin¥s and offKial èThangemeffjs. whi¢h are included in the'travelling ¥nd Iia150n- iutional countil and otherconjmiliee meeting5" cosiof£lO.164. 17. The Generil Fund 15 unre51riclcd fund u5cd fDf8cnctal putPD$cs. b. The sland￿￿$ Fund is lobe li5￿ (orthe repair or r¢pla¢cin¢n¢ ofOarn28¢d. loslor slolcn btanch SI4￿rds. The PropErty Fund isdc5i¥naled forthc pury)D5¢ ufacquiring proprrty foTU5C byihe Centr41 Off￿¢. d. Th¢ Suindon fvnd bas be¢n cr¢ateJ as ade5ignatedunrestncted fund to ShD￿ thc thn4fitsn thaiwas gtnemust). si￿d by Ihe Swindonbnnch. Th¢ Central Charities Fund is used forspxifi¢ ¢haritrbb¢proj¢￿s wh]oh rnu5t PrO￿de ￿7$￿•The¢ ¢0 serniil8and ex- naval Per5Dnnel and Ih¢ird¢pendants. f. Th¢ IU(M) Good Deeds Fund is lo encoura8e mDre ab1eshipm1t￿ lo uke less ible &hipm8ies oul io evrA5. 8. Thc B￿n￿band Club Support Fund prtri'ides iSSiSTan¢¢tobtan¢h¢s and their clubs h. Thc Nllial Sctvicc McmDT121 Fund IfOTmillyknTr￿rn as ChaMerChDllenge ?014 Fund) I$￿ed forthe future maintenance and i￿Urance0fthe memonJlerecled The N31ionil MCMn￿l Atb)ieNm. Thc Project Scm￿PhO[¢ Filnd isto Pmvid¢ Infonnation t¢¢hnolo8ytoihe di8ltallv isolatcd vciofdll j. Th¢ IDsh Trniisport Fund Is topry)vide financial aSSL%lancc forthe pr0I15ion oftran5POrt in th¢whol¢oflr¢land. k-. Thc Minibus Fund 15 lo br u5cd 10 Supply rnAinlain Thtee minibuvs to miligate social isolation invctcIan5 The Welfart delivm fufid IS to p￿￿de funds for•sglw Ènddeliveryforthe profe5si(miliSDtiOn ofwelf8ie support lo the mEnthership. m. RNRMC. Slfj Ctrordinator Fund es￿bli￿hea with a gcncrou5 grdllt fiDtn the ifBhan fund ii.hi¢h hasb ￿C￿l'¢d frotn the Coiynani Trusi IhTou8h RNRMC. li is ?iined ai making IheAssoci&liDn acce551ble and D￿re hllra¢iive to workinE age velerans thereby Impro￿￿8 [h￿rw¢11btInts 8ndment•l heèlth resilieThce. 15 The Royal NavaLAsso¢iatlon Income and Expendlture Aceountlor the year ended 31st Decembei 2025 2025 2024 Income Members Donaiions Received 06, 744 92,QlJ J47,000 RNRMC Servi¢es Donalcd RNRMC Fundin8 Other Gran15 Receivcd 115.843 152,328 2,000 51,046 16,363 2,520 5.736 Le8acies 2tJd Other Donation5 Received co￿Orate Donations Life Member Subscriptions Income Tax Reclaimed on Gift Aid 79.331 15, 700 2.240 6.643 463,047 409,009 Goods Departnienl- Incorne Costs 17,458 14,938 14.936 (13.950 2,520 S)86 DiaTie5- Income 1,405 11.36U) J, 752 (1.680) Co5t5 45 72 Royalties and Cornmission Received 224 Lottcry Income 32.384 20.874 Inv¢5tmeiit Inconic 24.499 32.846 D-Day Income 4,215 C Sailing In¢ome 19,948 J6,OJl Amiy N NaNy Rugby 28,145 Guildhtll Concert 60,545 Total Itt¢ome {cY4rried forward) 631.357 490.073 Noie.. This pa¥e does not fortn pan of Ilie formal a¢¢ounis 16 Th•A￿alHaVI1Assor14uOn InpMn14ndExpend￿￿fa￿ct￿￿1IO1￿•YèJr￿ftd•aS1ltDKemb•r￿)26 FJroushLfoY￿?[d Dothti.. AthJiiy5Tr114c 5ilarirs YL 14nd&Jff 309.1 Tmvtlljwand Lu150n- 11.Tr7s Ojrittopoft D*> uli1￿ POS￿¢￿￿￿TrIEP￿￿ PTIn1￿￿* 4.9RJ 5,th99 t1.￿) wth1￿C0S ?i.Jo OITILtE4U4lrntiiiM4JNtTra pk¢ >,97$ MerAonn84Thd Pnioi j.?70 4.-W 1.504 Saf¢wa￿1￿¥T￿1￿1￿￿bSc￿lr￿￿9 5IDffTrJinin% indRcrmitsncil 41.012 IMI¢5mK￿lblanI￿wThtF¢¢S Lo￿¢￿V[￿S1$ 9.748 1.7 14A41 S￿4￿B¢It¢￿'￿￿p¢i1l￿1Tr 73.566 AN￿1￿1¢*￿fer¢￿¢tr i￿*￿5(￿￿￿￿OnshiP 204 14$ To1*1 74¥ts&5 6J9.•51 IDofiEhkOurphi foribtYuT L¢$$rrawf¢r￿mltt1 (6ffj971 ¢. Th￿pI￿d￿¢S￿￿I f¢rnwN¢frh¢frf w¥JnlS 17 THER YAL NAI'AL ASSOCIATIOli Charity Registration Numbtr.. ?66982 STATENIENT OF ACCOUNTS FOR THE YEAR E)DED 31ST DECEMBER 2025 BROOMS PROFESSIONAL SERVICES LIl￿TED ERF.D -ERTIFIED A The Royal Naval Assoclatlon Flnancial Statements forthe year ended 31st December 2025 Contents Pa8e Charity Reference and Adtnini5trative Detai15 Trustees, Annual Report (sepaiate document) Ind¢pendent ExamiTh¢r's R¢port Statement of Financial Activitie5 Balance Sheet Statement of Cash Flows Note5 to Finanrial Stat¢m¢nt5 6-15 The Royal NavalAssoclatlon Charlty Reference and Administrative Detalls torthe year ended 31st December 2025 Charity R¢￿StralI0￿ thumber 266982 TtuSl¢eS VAdm D L Pons CB- N'aiionol Pr¢sid¢ni Cdre M Slaivson OBE RN- Deputy Nalional Pr￿￿1￿)1 Slm k Lock MBE- Vi¢¢ Presid¢iil Slrn K Ridley- Vice President aDdNCM 6 Ar¢ WO S Hon5on- Vice Presideni- Wamnt oificer w ih¢ Royal Na SIM A Christie-Naiional Chaimon & NCM 3 Aiea SIM D Potter- NCM ? Area SIM W Bclfiit- NCM 4 Are SIM Diana Sadler- NCM 5 Arca SIM Anihony Boddrell - N'CJM 6 AYe4 SIM L Higgon-Youn8- N'CM 7 Area IS Waks & Gli)ucesterl & Oversea5 SN Peter GLvJt4ln- NCM 8 ATea SIM P Har¢ies- NCM 9 Aree SIM T Pike- NCM 10 Area l R Hastie- Murrny- NCM I l Area SIM P S¢ephen5on- NCM I? Ilr¢landl SIM S Elliot- NCM S¢ottisb Are) SIM P Ni¢ho15- Nau¢)nal TT¢a8ur Chief cxeculive offi¢er{Gelleral Stcrtaryl Bill Oliphant RN Ind¢pen&nt examiner BtOOmS PrOtcSsiOllol Scnrycts Lirnited BIOOM Hou$c. 39143 LondonRoad Hadleigb. Bennett Essex 557 2QL Soli¢itor Messts Bl8k¢ MorsAn LLP HdTbour c￿rt. Comp*ss keid Portsrnouth, P06 4ST Bankéts Royal Bank of S¢oiland Holts Branch 31-35 Victoria Road Farnborough Invesimeni managers The iioyal Na%yand Royal Marine Charity i} li i e Ill. I 3 ¢ortlirtued The Royal Naval Associatlon Balance Sheet as at 31st December 2025 2025 2OZ4 Notes Fixed 05Yet5 Intgn¥iblE 455etS TgnRlblÈ asset$ 6,900 5.829 12,729 70.500 5.778 76.278 Investment5 1,413,756 I,J5J.527 Currtnt assets Stttk of g(th4s for resale Debiots Balartccs with battk¢r$ 16,320 151,825 99,164 12.369 g0.J72 J29.576 14 rtsi¢rlciii?'eni asseis 267 309 ?311.117 Creditors.. amount5 fgllln2 due withln one year CTedilory 183.708 178.781 183.708 J78, 781 83.601 59.336 Tolal leJJ ciirrciii liobililics 1.510.086 1.627.141 Unrestr5cted funds Gcnctal fund Stsndards fund Properry fund Swindon fund 923.241 ID.000 491.375 I.OOJ.491 10.000 491.375 27.000 Re$trlcted funds Ceniral charilies ￿nd 1000 s￿1 deeds fund Brart¢h artd elub support fvnd Naval 5epJice meJJM)rial fLUN] Projtti semaphor¢ fund Irish trdnsport fijnd Minibus Welfare delJi'ery fund RNRMC SIG Cfrordinalor 21.464 1.442 77,747 7.578 3.525 5,977 18.972 2,318 52.IK60 8,157 4.739 7,347 5.170 14,578 3.154 1.600 1.510.086 J.627,14J These financial siaremenTS ii'ere appToied by the Trustees ort 8nd signed on iheiT behalf by.. • /cJs Vice Admiral D Potts CB Pettr Nichol Honorary Treasurer The Royal Naval Assoclatlon Statement of Cash Flow as at 31st December 2025 2025 2024 Cish flow froTh fund activity Ner movement in funds R¢¢onciliaiion to cash generated from operarion5'. Depr￿lation Investment income Net lossllgainl Iner of charses) in investh)ents (Increase)/Decre85e in Siock (In¢r¢ase)/De¢T¢a5¢ in d¢btOTS tncreasellDecreasel In creditors 1117.0551 (21.i22) 5,814 {24,4991 {45.956) 13.9511 {55,6531 4,927 2.260 (32.846) {J56,203) (3.000) {7. 934) 16.485 Net Cash flow froTh fund activitie5 1236,3731 (203.360) Cash flow from Inve$dng #ctlvlties Payments io acqiiire intangible fixed assets PaJTrient5 to 3cquire tangible fixed assets Proceeds from disposal of fixed asset investments A¢quisition of fixcd as5Ct inve51ments Investment in¢ome rc¢eiv¢d {2,2641 2,084,474 11,900,746) 24,499 933.594 (923.887) 34.926 Nef ca$b now from inve$tlllg #etivitie5 205,963 44.635 Cash flow from fin&n¢lng aetlvltles Net increAJe l {decreas¢l In ¢ash #nd ¢a$h equlv*lent$ 130,4121 (160,774) Cg$h and cg$h equivalents at start date 2025 129,576 296.350 C85h and cash equivglents at end date 2025 99.164 129.570 Cash and eash equivalent5 con5lSts of.. Cash at bank 2nd in hand Short terni deposits 99,164 J29.576 Cash #nd cash equivalent5 at end date 2025 99.164 J29,i76 The Royal Naval Assoclallon Notes to the Accounts forthe year ended 31st December 2025 l. Accounting Policies A¢¢ounting Convention The financial statements have been prq)ared uiider the historical cost Convention. modified for the revaluation of investments. They have bern p￿PaT¢d in accoTdance ivith the St2iernent of Recommended Praciice- Ac¢ouniin8 and Reportin8 by Charities prcparing Ihejr accounts In accordance %viih the Financial Rcportin8 Standard applicable iii the UK IFRS 10?) issued in October 2019, appliLable accounting Standards and the Charities Act 2011. They have b¢¢D pr¢par¢d on an accruals basis of accounlin8, except fo the restricted fi￿ds, whicli have be¢ll prepared on a cash acc0un1imn￿ basis. b. Income Reeognltlon Income is recognized in the period when the Association is entitled to receipt and the amouttt can be ￿ta$uTed with reasonable accuracy. In accordance with this policy.. Legacies are included wh¢ii the Royal Naval Association is advi5¢d that a payment will be made and the amount involved Can be quantified. Granls ar¢ in¢lud¢d when th¢ conditlTrns for Tweipt have been complied wirh. Gifls IIT killd and tangible in¢ome are included ai cost io the donor if known. or the value to the Royal Naval Assitiation at the dale of rcccipt. The accounting policy for subscription income is detailed below. Fund AccountÉn General funds are IinT¢%tricted fund% which are available for the bse at the discretion of the in151ees in furtherance of the D¢signzted funds aTe compris¢d of iinTestricied ￿ndS that havc bcen set aside by th¢ trustee5 for particular putposes. The aim Resiricred funds are fiinds which are lo bc US￿ in accordance ￿7th specific restrictions Imposed by donors or which have Investment income and gains are allocated to the appropriate fvDd. d. Donatlons Donations are taken as iocome uport r¢¢eJpt, and allocatcd to ¢ach relevant fund as advised. e. Life Members. Subscrlpiio#s Life subscriptions cannot be purcliased by indjviduals, bul only by BTanch¢5 and Areos irt reLOBnition of meritorious service. Ltfe subscriptions received were brought into lh¢ Accounts a5 income by equal irtstalments over a p¢riod of ¢eii year5. But from 2023 Life sub5cription5 recieved are now brought into the A¢¢ounts as income upon receipt. f. Gift Aided Sub5cription$ In¢ome Tax is recoverable from HM Rei'enue & Customs in Tespe¢t of subs¢riptions paid by gift aid, and is taken into account in the year the subscriptions aTC received. The Royal NavalA$5gcl3tlon Noles totheAc¢ount5fortheye4rended 315tDeceTnbei2025 l. AccountlDt Pollcles leoTr￿n￿ed) g. JThve51men15 B4ThkDepo5115 Investmellts are stated ai mark¢i value as at the bAlan¢e sheet thie using the CI￿l￿RqU0led market price. Rea115ed guin5 athd losses on Investments are ¢al¢ulat¢d as the ditYeren¢¢ b¢twe¢n 5ale$ proceeds and theiropening catryin¥ value Or Iheir pllrch4se i'aluc if Lcquired sub5C4ucnl lo thc first da> ofihc finacial ycar Unrca115cd g￿lms and ID5Sr5 are cakulaied a5 the diffcrcncc bclwL*Tr thc fair ￿lIll¢ 21 Iht cnd and shLir Larrying viluc. Realisi￿ and unrealiscd 8Jin5 and lo$$¢s arc eombiwl in the Stai¢m¢ni ofFirtèn¢ièl A¢iiiY¢ie5. Dividen&4 Jnd Iniefesl re¢eiiwbl¢ are Included In the Income and exT￿nd1¢￿Te èccouni when Ihey ai¢ r¢c¢iv¢d ai an amount which includcsany C￿di1 rccovctabl¢ froni HM REvcnuc & Cllstonis. Interest receivable froTn fixedterm depD51ts are accrued ￿ the penDd ihat il 15 dut. h. Expendlture ReeogDSt5on Liabilitieg art reco8llised as expendinue as soon gs Ihert is a legal Or consin￿[tVe obligation eommiiiinB iht¢h￿tY 10 Ihat Cxpenditure. li is probabl¢ thai sctilemcnl will bc rtguirtd and ih¢Amourtt of Ihe obligationc4n be measurcd reliably. All expEndinirc is accouhled for on Jn acctua15 basis. All expenses Including Support¢OSL% and Bovetnan¢e cosis 2[¢ alioeaied Ot apJxxTioned to the 8ppbcabk exwditurt h￿d￿¥s. i. AIIoc*¢Son of Support gnd Cowtrnancè Cosis Suppon COSLS h4vt bccn allwalcd bclwccn govctnancc c0515 Hnd othu 5UPPQrt citsts. Go%ernance costs Comprise all eosts jiivoliiiig the public accountabilityofthe charity al￿ its CL*iipliarK¢ wilh re8uIAiion al￿ 8ood praciice. The Only aPPONIOninetti io 8OYtmance cosis rt￿le TO adi￿1￿1strdIlve saknrits ele.. It￿ annual conferertce. th.hich are 4pwx¢ioned on the bASiS of lo￿% 10 g￿eTnance costs. b2s¢d on s14ff lime all￿a￿d to go¥em&nee issues. j. Cost fjf RAlsln¥ Fund5 'rhc costs of ¥CnCTttling inCl￿d¢S in%c5tmcnt man&8c]ntht ety$ k. C05t of Chirjlable A£tivlti¢s The ¢0st ofcharitable a¢TlI'ITies includes grnnis made. ¢051S attYibuiabl¢io charitsble acti¥iiies. Éovemance COSTS And other sUp￿rt ￿￿t5. I Irttome Tai Re¢lakned Dn Gl(t Ald Inwme ¥x is recovered frim￿ HMRC on iiicome rettived from su￿(rIPl10￿s and donaiion5 bywayof The Éifi aid schenie during the year. However. the actual amount recoverable fortheyear is brought in as a provision du¢ to the delay in the procc55inE ofThc mfurmatiijn. ThEdiflcrcncc between th¢ act￿1 Htnount receivcd and the provision is Ihen ￿juSt¢d for in thE subsequent yeor. Area Fees The brea c2PltaLioTr fee5 bas¢d on elemenis. al 5°A of¢h¢ subscripiiws reTr. conttact Dr Dihrr aTrBn8cmrhtll'i¢h ih¢Assocwtion Ihe year. Duiingihey¢oY. ¢xpen5eswere reimbursed ro th¢ Board ofTTUSt¢¢ m¢rnbrrs whichprincipJlly represent rrirnburscd Irairlling. ac£oThu[￿leI1DTh 5ub5i51tncc cxpcnse5 In altendin¥ me¢iin¥s and offKial èThangemeffjs. whi¢h are included in the'travelling ¥nd Iia150n- iutional countil and otherconjmiliee meeting5" cosiof£lO.164. 17. The Generil Fund 15 unre51riclcd fund u5cd fDf8cnctal putPD$cs. b. The sland￿￿$ Fund is lobe li5￿ (orthe repair or r¢pla¢cin¢n¢ ofOarn28¢d. loslor slolcn btanch SI4￿rds. The PropErty Fund isdc5i¥naled forthc pury)D5¢ ufacquiring proprrty foTU5C byihe Centr41 Off￿¢. d. Th¢ Suindon fvnd bas be¢n cr¢ateJ as ade5ignatedunrestncted fund to ShD￿ thc thn4fitsn thaiwas gtnemust). si￿d by Ihe Swindonbnnch. Th¢ Central Charities Fund is used forspxifi¢ ¢haritrbb¢proj¢￿s wh]oh rnu5t PrO￿de ￿7$￿•The¢ ¢0 serniil8and ex- naval Per5Dnnel and Ih¢ird¢pendants. f. Th¢ IU(M) Good Deeds Fund is lo encoura8e mDre ab1eshipm1t￿ lo uke less ible &hipm8ies oul io evrA5. 8. Thc B￿n￿band Club Support Fund prtri'ides iSSiSTan¢¢tobtan¢h¢s and their clubs h. Thc Nllial Sctvicc McmDT121 Fund IfOTmillyknTr￿rn as ChaMerChDllenge ?014 Fund) I$￿ed forthe future maintenance and i￿Urance0fthe memonJlerecled The N31ionil MCMn￿l Atb)ieNm. Thc Project Scm￿PhO[¢ Filnd isto Pmvid¢ Infonnation t¢¢hnolo8ytoihe di8ltallv isolatcd vciofdll j. Th¢ IDsh Trniisport Fund Is topry)vide financial aSSL%lancc forthe pr0I15ion oftran5POrt in th¢whol¢oflr¢land. k-. Thc Minibus Fund 15 lo br u5cd 10 Supply rnAinlain Thtee minibuvs to miligate social isolation invctcIan5 The Welfart delivm fufid IS to p￿￿de funds for•sglw Ènddeliveryforthe profe5si(miliSDtiOn ofwelf8ie support lo the mEnthership. m. RNRMC. Slfj Ctrordinator Fund es￿bli￿hea with a gcncrou5 grdllt fiDtn the ifBhan fund ii.hi¢h hasb ￿C￿l'¢d frotn the Coiynani Trusi IhTou8h RNRMC. li is ?iined ai making IheAssoci&liDn acce551ble and D￿re hllra¢iive to workinE age velerans thereby Impro￿￿8 [h￿rw¢11btInts 8ndment•l heèlth resilieThce. 15 The Royal NavaLAsso¢iatlon Income and Expendlture Aceountlor the year ended 31st Decembei 2025 2025 2024 Income Members Donaiions Received 06, 744 92,QlJ J47,000 RNRMC Servi¢es Donalcd RNRMC Fundin8 Other Gran15 Receivcd 115.843 152,328 2,000 51,046 16,363 2,520 5.736 Le8acies 2tJd Other Donation5 Received co￿Orate Donations Life Member Subscriptions Income Tax Reclaimed on Gift Aid 79.331 15, 700 2.240 6.643 463,047 409,009 Goods Departnienl- Incorne Costs 17,458 14,938 14.936 (13.950 2,520 S)86 DiaTie5- Income 1,405 11.36U) J, 752 (1.680) Co5t5 45 72 Royalties and Cornmission Received 224 Lottcry Income 32.384 20.874 Inv¢5tmeiit Inconic 24.499 32.846 D-Day Income 4,215 C Sailing In¢ome 19,948 J6,OJl Amiy N NaNy Rugby 28,145 Guildhtll Concert 60,545 Total Itt¢ome {cY4rried forward) 631.357 490.073 Noie.. This pa¥e does not fortn pan of Ilie formal a¢¢ounis 16 Th•A￿alHaVI1Assor14uOn InpMn14ndExpend￿￿fa￿ct￿￿1IO1￿•YèJr￿ftd•aS1ltDKemb•r￿)26 FJroushLfoY￿?[d Dothti.. AthJiiy5Tr114c 5ilarirs YL 14nd&Jff 309.1 Tmvtlljwand Lu150n- 11.Tr7s Ojrittopoft D*> uli1￿ POS￿¢￿￿￿TrIEP￿￿ PTIn1￿￿* 4.9RJ 5,th99 t1.￿) wth1￿C0S ?i.Jo OITILtE4U4lrntiiiM4JNtTra pk¢ >,97$ MerAonn84Thd Pnioi j.?70 4.-W 1.504 Saf¢wa￿1￿¥T￿1￿1￿￿bSc￿lr￿￿9 5IDffTrJinin% indRcrmitsncil 41.012 IMI¢5mK￿lblanI￿wThtF¢¢S Lo￿¢￿V[￿S1$ 9.748 1.7 14A41 S￿4￿B¢It¢￿'￿￿p¢i1l￿1Tr 73.566 AN￿1￿1¢*￿fer¢￿¢tr i￿*￿5(￿￿￿￿OnshiP 204 14$ To1*1 74¥ts&5 6J9.•51 IDofiEhkOurphi foribtYuT L¢$$rrawf¢r￿mltt1 (6ffj971 ¢. Th￿pI￿d￿¢S￿￿I f¢rnwN¢frh¢frf w¥JnlS 17