THE VETERANS' FOUNDATION
Financial health, per its FY2025 accounts
The accounts state that the charity reported an in-year deficit of £507k, driven by a significant increase in net grant awards to £8.8m. Despite the deficit, the charity holds unrestricted reserves of £1,325k and cash at bank of £6,886k, with the trustees confirming the appropriateness of the going concern basis of accounting.
What the accounts disclose
“1 employee earned over £60,000 (2024: nil), being in the £60,000 - £70,000 pay band” — page 25
“1 employee earned over £60,000 (2024: nil), being in the £60,000 - £70,000 pay band” — page 25
“There are four elements to the VF reserves; an operational reserve of £458k (2024: £216k) which represents 4 months’ operating costs; a lottery prize reserve of £267k (2024: £267k) consisting of 3 months of prizes and rollovers; a risk reserve of £400k (2024: £200k), held in the event of a change in circumstances affecting the Veterans’ Lottery; and a general reserve of £200k (2024: £156k).”
Year-over-year changes
- Employees paid over £60,000: 0 (FY2024) → 1 (FY2025).
Corporate structure
- Registered company of the charity Companies House 10099309
Leadership, per the charity’s website
- Jane Gurney — Chief Executive Officer
- Stella Atherstone — Chief Operating Officer
- Major General (Ret) David Shaw CBE — Founder
Funders the charity credits
- City Brickwork
- Defence Infrastructure Organisation
- Amey
- Antac
- Apteriors
- Arcadis
- Aspire Defence
- Balfour Beatty
- CLC Group
- Complete Roofing Systems
- DLH Lifting Services
- EvaBuild
- Gavin Jones Ltd
- GB Electrical and Building Services
- Glass & Framing Solutions
Structured financials (annual return, FY ending 30/06/2025)
Register events
- Received assets from another charity (23/10/2025)
Trustees
- Andrew Mark Bull Anderson
- Catherine Victoria Spencer
- Catriona Wendy Campbell Laing
- Celia Pei Ling Liu
- Guy Gibson Cartwright
- James Edward Banks
- Margaret Anne Pedder
- Steven Paul Smith
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £17.3m | £17.8m |
| 30/06/2024 | £13.7m | £12.6m |
| 30/06/2023 | £10.6m | £10.5m |
| 30/06/2022 | £9.0m | £8.7m |
| 30/06/2021 | £6.7m | £6.6m |
Common questions
Is THE VETERANS' FOUNDATION financially healthy?
The accounts state that the charity reported an in-year deficit of £507k, driven by a significant increase in net grant awards to £8.8m. Despite the deficit, the charity holds unrestricted reserves of £1,325k and cash at bank of £6,886k, with the trustees confirming the appropriateness of the going concern basis of accounting. Its FY2025 accounts were audited by Saffery LLP.
What does the highest-paid employee of THE VETERANS' FOUNDATION earn?
Per its FY2025 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Who funds THE VETERANS' FOUNDATION?
Funders whose own accounts filings name THE VETERANS' FOUNDATION as a grant recipient include WALKING WITH THE WOUNDED, THE EARL FITZWILLIAM CHARITABLE TRUST, THE ARMED FORCES EQUINE CHARITY.
Known funders
| Funder | Year | Amount |
|---|---|---|
| WALKING WITH THE WOUNDED | FY2023 | £150k |
| WALKING WITH THE WOUNDED | FY2023 | £32k |
| WALKING WITH THE WOUNDED | FY2023 | £30k |
| THE EARL FITZWILLIAM CHARITABLE TRUST | FY2024 | £3k |
| THE ARMED FORCES EQUINE CHARITY | FY2022 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PILKINGTON CHARITIES FUND | 2 | £20k |
| THE FIFTY FUND | 2 | £4k |
| THE ANNIE TRANMER CHARITABLE TRUST | 2 | £4k |
| THE GRAY TRUST | 2 | £2k |
| THE ARMY DEPENDANTS' TRUST | 1 | £2.5m |
| WARRANT OFFICERS' & SERGEANTS' MESS SCHOOL OF ELECTRICAL & MECHANICAL ENGINEERS | 1 | £1.1m |
| The Ashley Tabor-King Foundation | 1 | £1.1m |
| ANA LEAF FOUNDATION | 1 | £1.0m |