THE ROYAL NAVY AND ROYAL MARINES CHILDREN'S FUND

Charity number: 1075015
Removed charity

Charity overview

Activities - how the charity spends its money

The object of the Fund is the relief of sons and daughters under the age of 25 of serving and ex serving members of the Royal Navy and Royal Marines, The Queen Alexandra's Royal Naval Service, the former Women's Royal Naval Service and the reserves of those forces, who are in need hardship or distress.

Income and expenditure

Data for financial year ending 31 March 2014

Total income:
£1,407,241

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Donations and legacies £1.00m
Charitable activities £0
Other trading activities £26.56k
Investments £376.70k
Other £0

Total expenditure:
£1,449,076

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Raising funds £0
Charitable activities £1.30m
Other £64.83k

£276,179 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £150.57k
Charitable expenditure £1.30m

Fundraising

This charity raises funds from the public but does not work with commercial participators.

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Disability
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Children/young People
How the charity helps:
  • Makes Grants To Individuals
  • Makes Grants To Organisations
Where the charity operates:
  • Throughout England And Wales
  • Australia
  • Cyprus
  • France
  • Northern Ireland
  • Saint Vincent
  • Scotland

Governance

Registration history:
  • 07 April 1999: Standard registration
  • 26 August 2015: Removed (Transfer of funds)
  • 26 August 2015: Funds transferred to 1160182 The Naval Children's Charity
Organisation type:
Other
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2010 31/03/2011 31/03/2012 31/03/2013 31/03/2014
Total gross income £1.31m £1.14m £1.36m £1.27m £1.41m
Total expenditure £1.43m £1.96m £1.06m £1.52m £1.45m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £976.03k £794.87k £1.01m £924.43k £1.00m
Income - Other trading activities £0 £68.79k £0 £0 £26.56k
Income - Charitable activities £0 £0 £47.84k £36.52k £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £338.25k £279.20k £296.90k £309.88k £376.70k
Income - Other £0 £0 £0 £0 £0
Income - Legacies £8.33k £0 £0 £0 £0
Expenditure - Charitable activities £1.35m £1.26m £897.92k £1.34m £1.30m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £17.39k £32.51k £34.55k £45.32k £38.67k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £40.34k £47.29k £43.46k £39.69k
Expenditure - Other £0 £48.38k £75.42k £79.40k £64.83k

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2010 31/03/2011 31/03/2012 31/03/2013 31/03/2014
Own use assets £0 £4.93k £14.16k £15.84k £12.12k
Long-term investments £8.26m £8.61m £8.37m £9.19m £9.43m
Other assets £486.93k £314.87k £484.40k £467.23k £451.88k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £10.27k £588.97k £385.89k £547.10k £528.02k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 July 2015 Not submitted
Accounts and TAR 31 July 2015 Not submitted
Annual return 31 March 2014 05 November 2014 On time
Accounts and TAR 31 March 2014 17 November 2014 On time
Annual return 31 March 2013 28 October 2013 On time
Accounts and TAR 31 March 2013 11 November 2013 On time
Annual return 31 March 2012 05 November 2012 On time
Accounts and TAR 31 March 2012 17 December 2012 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

SCHEME DATED 26 OCTOBER 1998 AS AMENDED BY RESOLUTIONS DATED 19 JANUARY 2000 AND 13 JUNE 2007.

Charitable objects

1) THE OBJECT OF THE CHARITY IS THE RELIEF OF BENEFICIARIES WHO ARE IN NEED, HARDSHIP OR DISTRESS. 2) THE TRUSTEES MAY RELIEVE BENEFICIARIES IN NEED BY: A) MAKING GRANTS OF MONEY TO THEM; OR B) PROVIDING OR PAYING FOR GOODS, SERVICES OR FACILITIES FOR THEM; OR C) MAKING GRANTS OF MONEY TO OTHER PERSONS OR BODIES WHO PROVIDE GOODS, SERVICES OR FACILITIES TO THOSE IN NEED.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NATIONAL