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Funding for The Royal Naval Benevolent Trust

14th April 2016
Funding for The Royal Naval Benevolent Trust

The RNBT spends in the order of £5 million per annum on its charitable activities.   The Trust does not actively fundraise because it is configured to distribute money to individuals in cases of need which amounts to approximately 3,000 beneficiaries every year.

The RNBT takes pride in delivering against its charitable objectives in a consistent, swift and balanced fashion.  The words of Aristotle (the Greek philosopher and scientist born in 384 BC) sums up what we do rather well:

“To give away money is an easy matter, and in any man’s power. But to decide to whom to give it, and how large and when, and for what purpose and how, is neither in every man’s power-nor an easy matter. Hence it is that such excellence is rare, praiseworthy and noble.”

In addition, we run a care and nursing home, an almshouse and provide help and advice on the spectrum of welfare and benevolence matters.  The Trust receives income from a variety of sources that include the RNBT’s own investments, legacies and donations from supporters past and present, fees paid by residents in our care home and alms-house.  The largest proportion of the Trust’s income, by some margin, comes from block grant making charities.  Such charities do not make grants to individuals, they enable charities such as the RNBT to do that important and specialised work on their behalf and we gratefully acknowledge their support.

The bulk of the RNBT’s funds for the current financial year have come from Greenwich Hospital and the Royal Navy and Royal Marines Charity (RNRMC).  As well as distributing monies generated within and by the RNRMC, the RNRMC also distributes Greenwich Hospital’s operating grants to Naval and tri-service charities.  Queen Mary’s Roehampton Trust made a significant grant once again and the Trust was successful in its bid to the Barclay’s “After Fund.”  These  monies are specifically targeted at education and training for those transitioning from Service to Civilian life.  It is recorded with a degree of sadness that once again the Trust was unsuccessful in its funding bid to Seafarers UK.

Details of monies granted to date are:

Greenwich Hospital
(via the RNRMC)
Regular Charitable Payments (for those on especially low incomes) £958,863
   
RNRMC
(includes a proportion of Greenwich Hospital funds)
Grants to individuals and care home operating subsidy £688,000
   
Queen Mary’s Roehampton Trust
(received at the end of financial year 2015-2016)
Grants to individuals £30,000
   
Barclays ‘After’ Fund
Grants in support of training and education £30,000

The RNBT could not deliver against its charitable objectives without the support of the Block Grant making charities listed above; the President, trustees and all of us associated with the RNBT are grateful for their continued support.