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THE SALVATION ARMY OFFICERS' PENSION FUND

Registered charity 230791 · accounts filings on the Charity Commission register

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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.

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
0

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
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?

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.