THE SALVATION ARMY OFFICERS' PENSION FUND

Registered charity 230791 · accounts filings on the Charity Commission register

To provide pensions and lump sum retirement grants for all commissioned officers of The Salvation Army according to the Salvation Army Act (1963)

Causes: Other Charitable Purposes · Get email alerts

Latest income

£4.4m

Latest spending

£10.1m

Registered

1964

Accounts read

FY2025

Financial health, per its FY2025 accounts

The accounts state that the Fund's net assets decreased by £18.26m during the year due to net withdrawals from dealings with Officers and a net outflow on investments. The Fund is a non-contributory pension scheme with no contributions received in the financial year, relying on existing assets to meet liabilities. The Trustees have adopted a risk policy and maintain a Risk Register to manage exposure to business, financial, and operational risks.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Related-party transaction: The administration of the Fund is undertaken by The Salvation Army Trust, which has levied a management charge of £54,806 for the year (2024: £49,969). At the year-end a net balance of £47,897 was due to Central Funds (2024: £165,763 due from Central Funds). The Fund's banker is Reliance Bank Limited, which is a subsidiary company of The Salvation Army International Trust. At the year end, the Fund had bank balances of £1,187,011 (2024: £1,332,038) with the Bank.

“The administration of the Fund is undertaken by The Salvation Army Trust, which has levied a management charge of £54,806 for the year (2024: £49,969). At the year-end a net balance of £47,897 was due to Central Funds (2024: £165,763 due from Central Funds). The Fund's banker is Reliance Bank Limited, which is a subsidiary company of The Salvation Army International Trust. At the year end, the Fund had bank balances of £1,187,011 (2024: £1,332,038) with the Bank.” — page 15

Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Knox Cropper LLP. Discloses 3 of 6 completeness components.

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

Total income

£4.4m

Total spending

£10.1m

Cost of raising funds

£393k

Reserves (reported)

£240.5m

Employees

Per its annual return, largest income source: Investments (100% 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: 9.0% of total income — above the median for charities its size (5.2%) (benchmarks).

Trustees · trustee networks

Colonel Peter James Forrest
Commissioner Garth Niemand
Commissioner Paul Main
Lt Col Lisa Lloyd-Jones
Lt Col Paul Kingscott
Major Inga Longmore
Major Richard Bradbury
Major Richard Waters
Major Tara McGuigan

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

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/03/2025	£4.4m	£10.1m
31/03/2024	£2.2m	£9.5m
31/03/2023	£8.1m	£10.0m
31/03/2022	£12.7m	£9.8m
31/03/2021	£12.0m	£8.9m

Common questions

Is THE SALVATION ARMY OFFICERS' PENSION FUND financially healthy?

Per its FY2025 accounts: The accounts state that the Fund's net assets decreased by £18.26m during the year due to net withdrawals from dealings with Officers and a net outflow on investments. The Fund is a non-contributory pension scheme with no contributions received in the financial year, relying on existing assets to meet liabilities. The Trustees have adopted a risk policy and maintain a Risk Register to manage exposure to business, financial, and operational risks. Its FY2025 accounts were audited by Knox Cropper LLP.

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.

Funder	Similar charities funded	Amount to them
THE SUNRISE (SIDMOUTH) CHARITABLE TRUST	2	£14k
THE VERA WOLSTENCROFT CHILDREN AND ANIMAL CHARITABLE TRUST	1	—
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, CRINGLEFORD	1	—
THE ARCHBISHOPS' COUNCIL	1	£21.2m
THE BURRY CHARITABLE TRUST	1	£1.0m
WALES COUNCIL FOR VOLUNTARY ACTION	1	£1.0m
THE FREDDIE GREEN AND FAMILY CHARITABLE FOUNDATION	1	£1.0m
Anglo American Foundation	1	£761k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME.

THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME income £4.0m
THE SHELL PENSIONERS BENEVOLENT ASSOCIATION income £672k
THE SALVATION ARMY income £338.3m
THE SOLDIERS SALVATION LIMITED income £328k
THE CHURCH OF ENGLAND PENSIONS BOARD income £42.0m
MINISTERS' PENSION FUND income £308k

Side by side with its peers

Charity	Income	Top pay band	Staff >£60k	Reserves vs policy	Fundraising cost	Going concern
THE SALVATION ARMY OFFICERS' PENSION FUND	£4.4m	—	0	unclear	—	no doubt
THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME FY2026	£4.0m	—	0	within	11.1%	no doubt
THE SHELL PENSIONERS BENEVOLENT ASSOCIATION FY2025	£672k	—	0	unclear	—	no doubt
THE SALVATION ARMY FY2025	£338.3m	—	—	within	—	no doubt
THE SOLDIERS SALVATION LIMITED FY2025	£328k	—	0	unclear	—	no doubt
THE CHURCH OF ENGLAND PENSIONS BOARD FY2025	£42.0m	£276,000	—	unclear	—	no doubt

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