THE ARMY DEPENDANTS' TRUST
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £28,846,070, significantly exceeding the trustees' stated reserves policy target of £20 million. The charity generated a net income of £1,032,480, driven by investment gains and stable subscription income, while maintaining sufficient liquidity to meet unpredictable grant demands.
What the accounts disclose
“The number of employees whose total employee benefits (excluding employer pension costs) for the year fell between £60,000 and £70,000 was 1” — page 24
“The number of employees whose total employee benefits (excluding employer pension costs) for the year fell between £60,000 and £70,000 was 1” — page 24
“the trustees deem that an appropriate level of reserves to cover both requirements is £20m”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Maj Gen Jonathan Chestnutt CBEchair
- BRIGADIER CHRISTOPHER COLES CBE
- Brian Alvin
- Brigadier Melissa Emmett MBE
- Christopher Palmer OBE
- Colonel Michael SYKES OBE
- Colonel Newton Astbury
- Nikki Peterson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.1m | £2.0m |
| 31/12/2023 | £2.1m | £1.8m |
| 31/12/2022 | £2.0m | £2.0m |
| 31/12/2021 | £1.9m | £1.1m |
| 31/12/2020 | £1.8m | £1.8m |
Common questions
Is THE ARMY DEPENDANTS' TRUST financially healthy?
The accounts state that total unrestricted funds increased to £28,846,070, significantly exceeding the trustees' stated reserves policy target of £20 million. The charity generated a net income of £1,032,480, driven by investment gains and stable subscription income, while maintaining sufficient liquidity to meet unpredictable grant demands. Its FY2024 accounts were audited by Hysons Audit Services Ltd.
What does the highest-paid employee of THE ARMY DEPENDANTS' TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| THE REME CHARITY | 1 | £178k |
| ROYAL ARTILLERY CHARITABLE FUND | 1 | £159k |
| THE RIFLES BENEVOLENT TRUST | 1 | £120k |
| P F CHARITABLE TRUST | 1 | £80k |
| THE ROYAL WELSH REGIMENTAL WELFARE AND BENEVOLENCE FOUNDATION | 1 | £69k |
| THE W A HANDLEY CHARITY TRUST | 1 | £48k |
| WALKING WITH THE WOUNDED | 1 | £45k |