THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME

Charity number: 1153681
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

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.

Income and expenditure

Data for financial year ending 31 March 2024

Total income:
£3,653,650

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £292.91k
Charitable activities £0
Other trading activities £0
Investments £3.36m
Other £0

Total expenditure:
£5,156,358

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Raising funds £433.35k
Charitable activities £4.72m
Other £0

£5,202,271 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £433.35k
Charitable expenditure £4.72m

People

1 Trustee(s)

Employees with total benefits over £60,000

No information available

Fundraising

No information available

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

Main way of carrying out purposes is grant making
What the charity does:
  • The Prevention Or Relief Of Poverty
  • Other Charitable Purposes
Who the charity helps:
  • Elderly/old People
  • Other Defined Groups
How the charity helps:
  • Provides Other Finance
  • Other Charitable Activities
Where the charity operates:
  • Angola
  • Antigua And Barbuda
  • Argentina
  • Australia
  • Austria
  • Bangladesh
  • Barbados
  • Belgium
  • Belize
  • Bermuda
  • Bolivia
  • Botswana
  • Brazil
  • Burma
  • Burundi
  • Cambodia
  • Canada
  • Chile
  • China
  • Colombia
  • Congo
  • Congo (Democratic Republic)
  • Costa Rica
  • Cuba
  • Czech Republic
  • Denmark
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Estonia
  • Eswatini
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • Georgia
  • Germany
  • Ghana
  • Greece
  • Greenland
  • Grenada
  • Guam
  • Guatemala
  • Guernsey
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Ireland
  • Isle Of Man
  • Italy
  • Jamaica
  • Japan
  • Jersey
  • Kenya
  • Kuwait
  • Latvia
  • Lesotho
  • Liberia
  • Lithuania
  • Macau
  • Madagascar
  • Malawi
  • Malaysia
  • Mali
  • Marshall Islands
  • Mexico
  • Micronesia
  • Moldova
  • Mongolia
  • Mozambique
  • Namibia
  • Nepal
  • Netherlands
  • New Zealand
  • Nicaragua
  • Nigeria
  • Northern Ireland
  • Norway
  • Pakistan
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Poland
  • Portugal
  • Puerto Rico
  • Romania
  • Russia
  • Rwanda
  • Saint Helena
  • Saint Vincent
  • Scotland
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Solomon Islands
  • South Africa
  • South Korea
  • Spain
  • Sri Lanka
  • St Kitts And Nevis
  • St Lucia
  • Suriname
  • Sweden
  • Switzerland
  • Taiwan
  • Tanzania
  • The Bahamas
  • Togo
  • Tonga
  • Trinidad And Tobago
  • Turks And Caicos Islands
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United States
  • United States Virgin Islands
  • Uruguay
  • Venezuela
  • Zambia
  • Zimbabwe

Governance

Registration history:
  • 05 September 2013: Standard registration
Organisation type:
Trust
Other names:

No other names

Company number:
02538134 Open in new window
Gift aid:
Not recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
Land and property:
This charity does not own and/or lease land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

1 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
THE SALVATION ARMY INTERNATIONAL TRUSTEE COMPANY Trustee 09 July 2013
None on record

Financial history

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Financial period end date

Income / Expenditure 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Total gross income £2.72m £2.39m £2.64m £3.22m £3.65m
Total expenditure £4.29m £4.31m £4.46m £5.18m £5.16m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £412.36k £285.75k £293.28k £299.95k £292.91k
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £2.30m £2.10m £2.34m £2.92m £3.36m
Income - Other £0 £0 £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.87m £3.86m £3.97m £4.73m £4.72m
Expenditure - Raising funds £415.94k £451.80k £488.65k £452.23k £433.35k
Expenditure - Governance £5.54k £5.67k £5.94k £6.48k £6.80k
Expenditure - Grants institution £3.87m £3.86m £3.97m £4.73m £4.72m
Expenditure - Investment management £415.94k £451.80k £488.65k £452.23k £433.35k
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2020 31/03/2021 31/03/2022 31/03/2023 31/03/2024
Own use assets £0 £0 £0 £0 £0
Long-term investments £101.67m £122.15m £121.39m £111.62m £118.33m
Other assets £5.49m £8.78m £13.15m £13.89m £10.19m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.60m £1.34m £1.69m £2.65m £1.96m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2024 22 November 2024 On Time
Accounts and TAR 31 March 2024 22 November 2024 On Time Download Open in new window
Annual return 31 March 2023 29 November 2023 On Time
Accounts and TAR 31 March 2023 29 November 2023 On Time Download Open in new window
Annual return 31 March 2022 23 November 2022 On Time
Accounts and TAR 31 March 2022 23 November 2022 On Time Download Open in new window
Annual return 31 March 2021 23 November 2021 On Time
Accounts and TAR 31 March 2021 23 November 2021 On Time Download Open in new window
Annual return 31 March 2020 27 November 2020 On Time
Accounts and TAR 31 March 2020 27 November 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

TRUST DEED DATED 13 DEC 2012

Charitable objects

THE OBJECTS OF THE CHARITY ARE: (I) TO RELIEVE THE POVERTY OF RETIRED OFFICERS OF THE SALVATION ARMY ANYWHERE IN THE WORLD; AND (II) TO RELIEVE FINANCIAL HARDSHIP AMONGST ELDERLY RETIRED OFFICERS OF THE SALVATION ARMY ANYWHERE IN THE WORLD IN EACH CASE BY FUNDING THE PROVISION OF RETIREMENT ALLOWANCES.

Contact information

Address:
SALVATION ARMY INTERNATIONAL
HEADQUARTERS
101 QUEEN VICTORIA STREET
LONDON
EC4V 4EH
Phone:
02073328116
Email:
IHQ-HeadofFinance@salvationarmy.org
Website:

www.salvationarmy.org Open in new window