FORCES IN MIND TRUST
Financial health, per its FY2024 accounts
The accounts state that total unrestricted charity funds decreased to £11.983 million from £13.324 million in the prior year, resulting in a net expenditure of £1.34 million. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by significant liquid assets and a reserves policy targeting five months of operating costs.
What the accounts disclose
“There were four employees whose costs excluding contributions exceeded £60,000 during the year” — page 45
“The Trust’s reserves policy is to maintain a minimum of 5 months operating costs and committed grant payments in a combination of an instant access bank account and short-term funds held by the Investment Manager.”
“There was one direct transaction between FiMT and Cobseo during the period. At the year end £180 (2023: £180) membership fee was paid on behalf of FiMT.” — page 24
Trustees
- FIM TRUSTEE LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £241k | £2.3m |
| 31/12/2024 | £401k | £1.8m |
| 31/12/2023 | £343k | £2.7m |
| 31/12/2022 | £300k | £5.4m |
| 31/12/2021 | £365k | £2.7m |
Common questions
Is FORCES IN MIND TRUST financially healthy?
The accounts state that total unrestricted charity funds decreased to £11.983 million from £13.324 million in the prior year, resulting in a net expenditure of £1.34 million. The charity reports no material uncertainties regarding its ability to continue as a going concern, supported by significant liquid assets and a reserves policy targeting five months of operating costs. Its FY2024 accounts were audited by Price Bailey LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Flat Iron Trust | 1 | £40k |
| THE ARMY CENTRAL FUND | 1 | £40k |
| THE ROAN CHARITABLE TRUST | 1 | £30k |
| Army Benevolent Fund | 1 | £23k |
| THE BALCOMBE CHARITABLE TRUST | 1 | £15k |
| CBRE UK CHARITABLE TRUST | 1 | £10k |
| DUMBRECK CHARITY | 1 | £3k |
| COLEFAX CHARITABLE TRUST | 1 | £2k |