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THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME

Registered charity 1153681 · accounts filings on the Charity Commission register

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Latest income
£3.4m
Latest spending
£5.6m
Registered
2013
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that total funds held at year-end were £122,966,123, comprising £121,033,463 in expendable endowment funds and £1,932,660 in unrestricted funds. Per the trustees' report, the Scheme distributed grants totaling £5,168,088 to support retired officers, resulting in a net decrease in funds for the year. The trustees confirm the financial position is strong and adequate to meet future obligations.

What the accounts disclose

Related-party transaction: Management services provided by officers/employees of The Salvation Army International Trust are not recharged.
“Officers and Employees of the Salvation Army International Trust provide management services to the scheme which are not recharged.”
“Balances held at the year end at Reliance Bank Limited amounted to £5.73m (2024: £6.27m).”
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Balances held at Reliance Bank Limited, a wholly owned subsidiary of The Salvation Army International Trust.
“Officers and Employees of the Salvation Army International Trust provide management services to the scheme which are not recharged.”
“Balances held at the year end at Reliance Bank Limited amounted to £5.73m (2024: £6.27m).”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Reliance Bank Limited
“The banking company, Reliance Bank Limited, is a wholly owned subsidiary of SAIT.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.4m
Total spending
£5.6m
Cost of raising funds
£461k
Reserves (reported)
£1.9m
Employees
0

Reported reserves equal ~4.1 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Angola · Antigua And Barbuda · Argentina · Australia · Austria · Bangladesh · Barbados · Belgium · Belize · Bermuda · Bolivia · Botswana

Income and spending

Financial year endIncomeSpending
31/03/2025£3.4m£5.6m
31/03/2024£3.7m£5.2m
31/03/2023£3.2m£5.2m
31/03/2022£2.6m£4.5m
31/03/2021£2.4m£4.3m

Common questions

Is THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME financially healthy?

The accounts state that total funds held at year-end were £122,966,123, comprising £121,033,463 in expendable endowment funds and £1,932,660 in unrestricted funds. Per the trustees' report, the Scheme distributed grants totaling £5,168,088 to support retired officers, resulting in a net decrease in funds for the year. The trustees confirm the financial position is strong and adequate to meet future obligations. Its FY2025 accounts were audited by Knox Cropper LLP.