Finance Score: -1

Governance Score: -1

Support Score: 11

Poor Liquidity: -1
Positive trading contribution: +2;Multiple Deficits: -2

Only 3 Trustees: -2
Narrow trustee age band: -2
Gender balanced board: +3

Grant maker support: +11

Overall GiG Score: 9

ROYAL HOSPITAL CHELSEA APPEAL LIMITED

The aims of the Charity are to engage in activities for the exclusive benefit of the Royal Hospital Chelsea (RHC) which has provided a fitting home for retired army veterans since 1692. Its main activities are to raise funds for capital investment projects of the RHC and to cover costs not met by the Grant in Aid funding which the RHC receives from the Ministry of Defence.

Analysis by Giving is Great

Positives:

The charity has received backing from multiple prominent grant makers recently
More than half of total income was derived from trading and fees in the latest year

Regulatory & Governance issues to consider:

There are only 3 trustees
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
On several occasions in recent years income has been less than spending

Established: 25 years

www.chelsea-pensioners.org.uk

Mei.Li@chelsea-pensioners.org.uk

02078815300

Charity Commission for England and Wales

Tweets

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£6,913	£8,849	£-1,936	£342	£4,937	£821	1.1	0	0
31/03/22	£4,469	£2,784	£1,685	£229	£6,872	£2,277	9.8	0	0
31/03/21	£6,450	£4,431	£2,018	£248	£5,187	£1,059	2.9	7	15
31/03/20	£5,533	£5,467	£66	£2,064	£3,169	£2,222	4.9	0	80
31/03/19	£5,526	£6,596	£-1,070	£292	£3,156	£2,239	4.1	0	70
31/03/18	£5,604	£4,986	£617	£219	£4,173	£3,757	9	0	0
31/03/17	£5,101	£5,248	£-147	£197	£3,555	£3,359	7.7	0	0
31/03/16	£5,135	£3,241	£1,894	£257	£3,702	£3,699	13.7	0	0
31/03/15	£3,859	£3,766	£93	£1,543	£1,695	£1,690	5.4	13	0
31/03/14	£3,631	£3,962	£-330	£1,406	£1,603	£1,558	4.7	10	0
31/03/13	£3,737	£3,172	£565	£1,310	£1,933	£1,933	7.3	14	0
31/03/12	£4,259	£2,994	£1,266	£1,358	£1,368	£1,282	5.1	17	0
31/03/11	£2,751	£3,961	£-1,210	£1,167	£102	£102	0.3	13	0
31/03/10	£6,373	£5,596	£777	£306	£1,312	£768	1.6	12	0
31/03/09	£6,801	£8,576	£-1,775	£1,407	£535	£35	0	18	0
31/03/08	£5,802	£14,277	£-8,475	£633	£2,321	£1,820	1.5	4	0
31/03/07	£8,145	£4,227	£3,918	£678	£10,798	£4,498	12.8	5	0
31/03/06	£2,123	£1,053	£1,070	£0	£0	£0	n/a	0	0
31/03/05	£6,073	£1,081	£4,993	£0	£0	£0	n/a	0	0
31/03/04	£1,188	£406	£782	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 13.8%
Fundraising Costs/Total Spending: 3.9%
Highest pay band: Less than £60,000
Liabilities/Assets: 20%
Liabilities/Income: 18%
Unrestricted Funds/Total Funds: 17%
Reserves/Spending: 1.1 months
Net Current Assets/Spending: 7 months
Quick Ratio: 1.5

Asset Split ?

Listed activities

Arts/Culture/Heritage/Science
General Charitable Purposes

How it operates

Makes Grants to Organisations

Where it operates

Kensington And Chelsea,

Who it helps

Elderly/Old People

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

Wolfson Foundation	£200,000
Ministry of Defence	£160,000
The Foyle Foundation	£140,000
Armed Forces Covenant Fund Trust	£125,000

Specific Donations

Amount	When Months	To be used for
The Foyle Foundation - Learning (MGS)
£140,000	28/04/2023	towards opening up the national heritage of the Royal Hospital Chelsea, home of the Chelsea Pensioners
Wolfson Foundation - Grant to Royal Hospital Chelsea
£200,000	07/12/2022	Redevelopment of stable block to create new outreach, heritage and visitor centre
Ministry of Defence - £10M Veterans' Mental Health and Wellbeing Fund
£35,000	12/02/2021	The Positive Pathways programme funded projects that develop and run activities supporting the mental health and wellbeing of ex-Forces.
Armed Forces Covenant Fund Trust - COVID IMPACT FUND
£125,000	25/06/2020	Funding enabled the group to offer high level care to veterans during Covid-19. Funding will be used to provide additional staff, PPE and technology, so Chelsea Pensioners can keep in touch with ....more Funding enabled the group to offer high level care to veterans during Covid-19. Funding will be used to provide additional staff, PPE and technology, so Chelsea Pensioners can keep in touch with loved ones as quarantine continues through the year.
Ministry of Defence - Covid-19 Impact Fund
£125,000	15/06/2020	To maintain services and activities where organisations' finances had been impacted by Covid
National Lottery Heritage Fund - Grant to Royal Hospital Chelsea
£62,500	05/09/2019	Re-examining the natural heritage of the grounds and gardens at the Royal Hospital Chelsea

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (3)

Current Trustees appointed

Gender Split

Age Range of Trustees: 57-65

CAROLINE TREWHITT Appointed: 2020, Occupation: Project Director

DAVID RICHMOND Appointed: 2024, Occupation: Chief Executive

GENERAL SIR ADRIAN JOHN BRADSHAW Appointed: 2019, Occupation: Governor, Royal Hospital Chelsea

Legal constitution

Charitable company registered in England & Wales on 06/07/1999, number: 1076414
Registered at Companies House on 20/01/1999, number: 03701005

Gift Aid

Registered with HMRC for Gift Aid

Event History

22/07/2015 - Asset transfer in from THE FRIENDS OF THE ROYAL HOSPITAL CHELSEA (HOME OF THE CHELSEA PENSIONERS)
25/08/2022 - Asset transfer in from THE MOSS FAMILY CHARITABLE TRUST

Other Regulators

Care Quality Commission

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

20 returns made; all on time

Recent reorganisation events:

Asset transfer in from THE MOSS FAMILY CHARITABLE TRUST on 25/08/2022

Main office

ROYAL HOSPITAL CHELSEA
ROYAL HOSPITAL ROAD
LONDON
SW3 4SR

Objectives

THE OBJECTS FOR WHICH THE CHARITY IS ESTABLISHED (THE OBJECTS) ARE TO ADVANCE SUCH CHARITABLE PURPOSES IN CONNECTION WITH THE ROYAL HOSPITAL CHELSEA AS THE TRUSTEES SHALL FROM TIME TO TIME DETERMINE.

Defined Area of Benefit:

GREATER LONDON

Data Sources