THE ROYAL MARINES ASSOCIATION LIMITED

Charity Number: 1168387
Removed charity

Charity overview

Activities - how the charity spends its money

RMA Ltd will provide a membership association for serving and former Royal Marines, their families and supporters. The company will have approximately 12,000 members globally, although will strive to increase this number. The Association will organise formal parades, ceremonies and other annual events to meet its primary Charitable Object, that of facilitating comradeship across the membership .

Income and expenditure

Data for financial year ending 31 December 2018

Total income:
£1,486,945

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Donations and legacies £901.23k
Charitable activities £13.38k
Other trading activities £527.25k
Investments £45.09k
Other £0

Total expenditure:
£1,259,391

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Raising funds £572.26k
Charitable activities £687.13k
Other £0

-£89,899 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.

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Raising funds and other expenditure £572.26k
Charitable expenditure £687.13k
Retained for future use £227.55k

Fundraising

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

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

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

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • General Charitable Purposes
  • Armed Forces/emergency Service Efficiency
  • Other Charitable Purposes
Who the charity helps:
  • Elderly/old People
  • People With Disabilities
  • Other Charities Or Voluntary Bodies
  • Other Defined Groups
How the charity helps:
  • Makes Grants To Individuals
  • Provides Other Finance
  • Provides Advocacy/advice/information
  • Other Charitable Activities
Where the charity operates:
  • Throughout England And Wales
  • Northern Ireland
  • Scotland

Governance

Registration history:
  • 22 July 2016: Standard registration
  • 09 November 2020: Removed (Amalgamated)
  • 09 November 2020: Funds received from 206003 THE ROYAL MARINES ASSOCIATION
  • 09 November 2020: Funds transferred to 1134205 Royal Marines Association - The Royal Marines Char...
Organisation type:
Charitable company
Other names:
  • RMA (Working name)
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
  • Volunteer management
Land and property:
This charity does not own and/or lease land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2017 31/12/2018
Total gross income £1.57m £1.49m
Total expenditure £1.25m £1.26m
Income from government contracts £0 N/A
Income from government grants £0 N/A
Income - Donations and legacies £1.00m £901.23k
Income - Other trading activities £517.63k £527.25k
Income - Charitable activities £16.25k £13.38k
Income - Endowments £0 £0
Income - Investment £35.66k £45.09k
Income - Other £0 £0
Income - Legacies £386.64k £311.29k
Expenditure - Charitable activities £714.89k £687.13k
Expenditure - Raising funds £538.55k £572.26k
Expenditure - Governance £39.64k £52.40k
Expenditure - Grants institution £22.06k £0
Expenditure - Investment management £0 £0
Expenditure - Other £0 £0

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 31/12/2017 31/12/2018
Own use assets £21.58k £15.62k
Long-term investments £1.56m £1.70m
Other assets £286.06k £264.07k
Defined benefit pension scheme asset or liability £0 £0
Total liabilities £113.70k £207.74k

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 December 2019 Not submitted
Accounts and TAR 31 December 2019 Not submitted
Annual return 31 December 2018 14 November 2019 14 days late
Accounts and TAR 31 December 2018 14 November 2019 14 days late
Annual return 31 December 2017 25 October 2018 On Time
Accounts and TAR 31 December 2017 25 October 2018 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.

MEMORANDUM AND ARTICLES INCORPORATED 30 DEC 2015 AS AMENDED BY SPECIAL RESOLUTION REGISTERED AT COMPANIES HOUSE ON 29 JUN 2016

Charitable objects

RMA LTD'S OBJECTS ARE AS FOLLOWS: - TO PROMOTE THE EFFICIENCY OF THE CORPS INCLUDING THOSE WHO HAVE SERVED WITH THE CORPS FROM OTHER SERVICES, AND TO PROMOTE AND PRESERVE THEIR ETHOS, TRADITIONS AND ESPRIT DE CORPS AMONGST SERVING AND FORMER MEMBERS OF THE CORPS, INCLUDING BOTH REGULAR AND RESERVE FORCES, THEIR FAMILIES AND DEPENDENTS AND/OR ROYAL MARINES CADETS. - TO PROVIDE, EITHER DIRECTLY OR THROUGH APPROPRIATE AGENCIES, RELIEF FROM CONDITIONS OF POVERTY, NEED, HARDSHIP AND DISTRESS, TO ALL SERVING OR FORMER MEMBERS OF THE CORPS, THEIR FAMILIES AND DEPENDENTS. - TO COMMEMORATE AND REMEMBER THOSE MEMBERS OF THE CORPS WHO HAVE DIED WHILE IN THE SERVICE OF THE CORPS AND THEIR COUNTRY AND TO ENCOURAGE PUBLIC RECOGNITION OF THEIR SACRIFICE. - TO RELIEVE THE NEED IN THE CORPS FAMILY, IN PARTICULAR BY SUPPORTING THOSE WHO HAVE SUFFERED PHYSICAL OR PSYCHOLOGICAL INJURY WHILE SERVING IN THE CORPS. ALSO IN TERMS OF TRANSITION TO CIVILIAN LIFE, INCLUDING HEALTH AND WELFARE MATTERS ON LEAVING THE CORPS AND BY PROVIDING INTER ALIA, ADVICE, SUPPORT OR ASSISTANCE TO ALL MEMBERS AND THEIR IMMEDIATE FAMILY EITHER DIRECTLY OR THROUGH RELEVANT AGENCIES OR ORGANISATIONS IN RELATION TO SUCH APPROPRIATE WELFARE NEEDS INCLUDING HOUSING, MEDICAL SUPPORT, EMPLOYMENT, PENSIONS AND COMPENSATORY PAYMENTS, WELFARE BENEFITS AND SUCH OTHER NEEDS AS MAY BE IDENTIFIED.