THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME

Registered charity 1153681 · accounts filings on the Charity Commission register

THE MAIN ACTIVITIES OF THE CHARITY ARE: TO RELIEVE THE POVERTY OF RETIRED OFFICERS OF THE SALVATION ARMY ANYWHERE IN THE WORLD BY FUNDING PROVISION OF RETIREMENT ALLOWANCES AND TO RELIEVE FINANCIAL HARDSHIP AMONGST ELDERLY RETIRED OFFICERS OF THE SALVATION ARMY ANYWHERE IN THE WORLD BY FUNDING PROVISION OF RETIREMENT ALLOWANCES.

Causes: The Prevention Or Relief Of Poverty · Other Charitable Purposes · website · Get email alerts

Latest income
£4.0m
Latest spending
£6.0m
Registered
2013
Accounts read
FY2026

Financial health, per its FY2026 accounts

The accounts state that total funds held at year-end were £118,188,681, comprising £115,319,943 in expendable endowment funds and £2,868,738 in unrestricted funds. The unrestricted funds represent approximately six months of future budgeted grants payable, and the trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2026 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Investment income (74% of income)
“Total investment income of £2,991,706 (2025: £3,150,876) received during 2025/26 comprised interest receivable of £372,509 (2025: £304,919), dividends receivable of £1,083,699 (2025: £1,326,198) and income from gilts and bonds of £1,535,499 (2025: £1,519,759).” — page 15
Per its FY2026 accounts as filed with the Charity Commission.
Fundraising cost ratio: 11.1% of fundraised income, as disclosed
“Total expenditure showed an increase from £5,635,867 (2025) to £5,974,501 (2026) including distributions to recipient territories of £5,518,434 (2025: £5,168,088), cost of raising funds of £447,638 (2025: £460,571) and other costs of £8,429 (2025: £7,208).”
Per its FY2026 accounts as filed with the Charity Commission.
Reserves policy: approximately 6 months of future budgeted grants payable (held: £2.9m)
“The unrestricted funds held represent the equivalent of approximately 6 months of future budgeted grants payable.” — page 38
Per its FY2026 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 FY2026 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 5 of 6 completeness components.

Corporate structure

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/03/2026)

Total income
£4.0m
Total spending
£6.0m
Cost of raising funds
£448k
Reserves (reported)
£2.9m
Employees
0

Reported reserves equal ~5.8 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Investments (74% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 11.1% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

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
31/03/2026£4.0m£6.0m
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

Common questions

Is THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME financially healthy?

Per its FY2026 accounts: The accounts state that total funds held at year-end were £118,188,681, comprising £115,319,943 in expendable endowment funds and £2,868,738 in unrestricted funds. The unrestricted funds represent approximately six months of future budgeted grants payable, and the trustees consider there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2026 accounts were audited by Knox Cropper LLP.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SALVATION ARMY OFFICERS' PENSION FUND.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME£4.0m—0within11.1%no doubt
THE SALVATION ARMY OFFICERS' PENSION FUND FY2025£4.4m—0unclear—no doubt
THE SALVATION ARMY INTERNATIONAL TRUST FY2025£81.8m——above—no doubt
THE SOLDIERS SALVATION LIMITED FY2025£328k—0unclear—no doubt
CHARITWORTH LIMITED FY2025£3.3m—0unclear—no doubt
SOLDIERS OFF THE STREET FY2025£121k—0above—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.