THE ARMY DEPENDANTS' TRUST
1. To promote the efficiency of the Army by providing immediate financial relief of persons who are in a condition of need, hardship or distress and are the dependants or next of kin of a deceased soldier or officer.2. If and insofar as trustees cannot apply the income for the object above, they will apply it in making grants to the ABF The Soldiers' Charity for their general purposes.
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?
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. 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 |
|---|---|---|
| THE ROYAL BRITISH LEGION | 1 | £2.6m |
| THE ARMY CENTRAL FUND | 1 | £1.6m |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| ARMED FORCES COVENANT FUND | 1 | £500k |
| ROYAL ARTILLERY CHARITABLE FUND | 1 | £407k |
| Army Benevolent Fund | 1 | £406k |
| THE REME CHARITY | 1 | £263k |
| THE ADJUTANT GENERAL'S CORPS ASSOCIATION | 1 | £175k |
Charities like this
- ARMY RUGBY UNION TRUST
- EDWARD BUSH CHARITABLE TRUST
- Army Benevolent Fund
- ARMY FAMILIES FEDERATION
- THE ARMY CENTRAL FUND
- THE ROYAL ARTILLERY GENERAL CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE ARMY DEPENDANTS' TRUST | £2.1m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| ARMY RUGBY UNION TRUST | £885k | — | 0 | unclear | — | noted |
| EDWARD BUSH CHARITABLE TRUST | £121k | — | 0 | above | — | no doubt |
| Army Benevolent Fund | £13.7m | — | — | unclear | — | no doubt |
| ARMY FAMILIES FEDERATION | £1.4m | £70,001 - £80,000 | 1 | unclear | — | no doubt |
| THE ARMY CENTRAL FUND | £2.9m | — | 0 | above | 0.0% | no doubt |