The objects of the Association shall be purely social and benevolent in character and are to provide financial assistance for the treatment and care of riders injured in the TT races and assistance in the provision of facilities or equipment not normally provided by the statutory authorities; to relieve financial hardship due by lasting disabilities caused by racing injuries; to provide financial support to relatives of riders killed or injured in the TT races; to relieve poverty or financial hardship for old or infirm ex riders of past years and their families. The influence of the Association shall never be used for political, industrial or commercial aims, and the Association shall not at any time interfere with the government of the sport.
Since 1951 this Manx charity has aided injured, disabled and infirm current and former TT riders and their families in times of need, including the families of deceased riders. Membership is limited to men and women who have competed in the TT races. The Association pays out many thousands of pounds each year to and relies heavily on its own fund raising activities, and that of its sister charity - The Friends of the TTRA - and by donations from the public.