ARMED FORCES COVENANT FUND
Registered charity 1177627 · accounts filings on the Charity Commission register
The Armed Forces Covenant Fund Trust makes grants to support the Armed Forces Community. The Covenant Fund is delivered by the Armed Forces Covenant Fund Trust. It has £10M a year to fund projects that support the Armed Forces Community.
Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Economic/community Development/employment · Grant history (this charity is a funder) · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves were £664,027, covering approximately six months of staff costs. The trustees confirm that the trust can meet its liabilities as they fall due for the foreseeable future, with funding expected to continue. The external auditor issued an unqualified opinion, confirming the financial statements give a true and fair view.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Employees paid over £60,000: 5
“The total number of employees whose emoluments for the year exceeded £60,000 is given in Notes 6 and 7” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Largest income source: Office for Veterans Affairs (52% of income)
“Office for Veterans Affairs (Various programmes) £16.1m” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: sufficient funds to maintain liquidity and to increase our robustness in the event of a sudden contraction of grant funding (held: £664k)
“Our working reserves policy has been to ensure that we hold sufficient funds to maintain liquidity and to increase our robustness in the event of a sudden contraction of grant funding.” — page 26
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Moore Kingston Smith. Discloses 5 of 6 completeness components.
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2024) to "above" (FY2025).
Comparing this charity’s FY2024 and FY2025 accounts as analysed by this site.
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~0.3 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Charitable activities (98% 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: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).
- THE ARMED FORCES COVENANT FUND TRUSTEE
Trustee list from the Charity Commission register (current, not historical).
Operates in: Northern Ireland · Scotland · Throughout England And Wales
Income and spending
Common questions
Is ARMED FORCES COVENANT FUND financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves were £664,027, covering approximately six months of staff costs. The trustees confirm that the trust can meet its liabilities as they fall due for the foreseeable future, with funding expected to continue. The external auditor issued an unqualified opinion, confirming the financial statements give a true and fair view. Its FY2025 accounts were audited by Moore Kingston Smith.
Who funds ARMED FORCES COVENANT FUND?
Funders whose own accounts filings name ARMED FORCES COVENANT FUND as a grant recipient include THE ROYAL LANCERS CHARITABLE TRUST.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with ARMED FORCES EDUCATION TRUST.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.