CARE FOR VETERANS
To provide permanent or respite accommodation, end-of-life care and outpatient care for former members of the British Armed Forces and their families, who are in need of such care by reason of age, sickness or disability and who require nursing care or rehabilitation.
Financial health, per its FY2024 accounts
The accounts state that free reserves stood at £4.45m, which the trustees consider sufficient to cover a 50% fall in income and cash shortfalls, equating to eight to nine months of operating expenses. The charity reported a net income surplus of £419,138 for the year, driven by increased fee income and voluntary donations. The trustees confirm there is no material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The reserves are designed, at a minimum, to cover a 50% fall in occupancy and fundraising income in the following 12 months (this equates to around £2.8m - £3m). In addition, the reserves are held to cover cash shortfalls over the next two years (£1m).” — page 12
“The Charity’s wholly owned subsidiary Care for Veterans Services Limited was formed during 2006 to provide nursing and care services for residents who fall outside the objects of the Charity.” — page 7
Corporate structure
- Registered company of the charity Companies House 03646570
Company officers (Companies House)
- BUSH, Susan Jane on trustee list
- BYFORD, Maria on trustee list
- HOUGHTON, Luke John on trustee list
- HARRISON, Anna Mary on trustee list
- WILLIAMS, David Gareth on trustee list
- SPELLER, Caroline Louise
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Care Quality Commission ratings
- Care for Veterans: Good
Trustees
- David Gareth Williamschair
- Anna Mary Harrison
- Luke John Houghton
- Maria Byford
- Susan Jane Bush
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.9m | £5.7m |
| 31/12/2023 | £5.0m | £5.0m |
| 31/12/2022 | £4.8m | £5.2m |
| 31/12/2021 | £4.3m | £5.0m |
| 31/12/2020 | £6.0m | £5.0m |
Common questions
Is CARE FOR VETERANS financially healthy?
Per its FY2024 accounts: The accounts state that free reserves stood at £4.45m, which the trustees consider sufficient to cover a 50% fall in income and cash shortfalls, equating to eight to nine months of operating expenses. The charity reported a net income surplus of £419,138 for the year, driven by increased fee income and voluntary donations. The trustees confirm there is no material uncertainty regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Sumer Audit.
Who funds CARE FOR VETERANS?
Funders whose own accounts filings name CARE FOR VETERANS as a grant recipient include THE MAHORO CHARITABLE TRUST, THE ROYAL NAVY AND ROYAL MARINES CHARITY, THE SCHRODER FOUNDATION, THE ROYAL AIR FORCE BENEVOLENT FUND, THE FRANCES AND AUGUSTUS NEWMAN FOUNDATION.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 01/04/2015 | £8k | YO! QAHH Youth Outreach |
| The National Lottery Heritage Fund | 16/12/2013 | £10k | "QAHH - Our legacy to our country" |
| The National Lottery Community Fund | 22/03/2012 | £5k | Coffee Shop Project |
| The National Lottery Community Fund | 30/03/2006 | £5k | Volunteer recruitment |
| UK government | — | £1.0m | Financial Assistance/Support |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ARMED FORCES COVENANT FUND | 3 | £184k |
| THE MICHAEL UREN FOUNDATION | 2 | £2.2m |
| THE EDWARD GOSTLING FOUNDATION | 2 | £550k |
| THE LAWSON TRUST CIO | 2 | £512k |
| LLOYD'S PATRIOTIC FUND | 2 | £325k |
| THE JOHN SCOTT CHARITABLE TRUST | 2 | £44k |
| THE SIR JAMES RECKITT CHARITY | 2 | £25k |
| THE MARY KINROSS CHARITABLE TRUST | 2 | £21k |
Charities like this
- VETERANS AID
- CARE AFTER COMBAT
- VETERANS ASSOCIATION
- COMBAT STRESS
- HELPING HOMELESS VETERANS UK
- THE VETERANS CHARITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CARE FOR VETERANS | £5.9m | — | — | unclear | — | no doubt |
| VETERANS AID | £2.2m | £90,000 - £99,999 | 4 | unclear | — | no doubt |
| CARE AFTER COMBAT | £973k | — | 0 | unclear | — | no doubt |
| VETERANS ASSOCIATION | £986k | — | 0 | unclear | 34.6% | no doubt |
| COMBAT STRESS | £14.3m | £120,001 - £130,000 | — | unclear | — | no doubt |
| HELPING HOMELESS VETERANS UK | £201k | — | 0 | unclear | — | no doubt |