Register of Charities - The Charity Commission THE ROYAL NAVAL BENEVOLENT SOCIETY FOR OFFICERS
Activities - how the charity spends its money
Founded in 1739 and incorporated by Royal Charter in 1838, the Society grants financial relief to officers and former officers of the Royal Navy, Royal Marines, QARNNS, WRNS and their Reserves, and including spouses, former spouses, and families in need. In the last year grants just in excess of £500,000 were made. Additionally many hours are spent signposting, offering advice or a friendly ear.
Income and expenditure
Data for financial year ending 31 December 2022
|Donations and legacies||£376.27k|
|Other trading activities||£0|
-£1,154,294 investments gains (losses)
Charitable expenditure with investment gains
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.
|Income generation and governance||£23.32k|
|Retained for future use||£306.98k|
Employees with total benefits over £60,000
|Number of employees|
|£70k to £80k||1|