Finance Score: -4

Governance Score: 6

Support Score: 0

Poor Liquidity: -1
Strong growth: +2
Fundraising costs high: -5

Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 2

THE VETERANS' FOUNDATION

The Veterans' Foundation raises funds and then provides grants to British armed forces charities, and associated charitable activities, who are actively helping veterans, and their dependants, who are in need.

Analysis by Giving is Great

Positives:

There has been strong growth in spending over the last 5 years
There have been no income shortfalls in recent years
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

Over half the Board have joined recently

Financial issues to consider:

Liquidity appears to have been slender at the latest year end
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff
30/06/23	£10,621	£10,454	£166	£5,195	£684	£684	0.8	5
30/06/22	£9,023	£8,697	£326	£3,936	£518	£518	0.7	2
30/06/21	£6,661	£6,591	£70	£3,101	£192	£192	0.4	4
30/06/20	£4,346	£4,274	£72	£2,222	£122	£122	0.3	4
30/06/19	£2,766	£2,758	£8	£1,361	£50	£50	0.2	2
30/06/18	£1,284	£1,245	£39	£709	£42	£42	0.4	0
30/06/17	£188	£184	£3	£0	£0	£0	n/a	0

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Financial Ratios

Fundraising Costs/Relevant Income: 49%
Fundraising Costs/Total Spending: 49.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 67%
Liabilities/Income: 13%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 0.8 months
Net Current Assets/Spending: 1 months
Quick Ratio: 1.5

Asset Split ?

Established: 8 years

www.veteransfoundation.org.uk

enquiries@veteransfoundation.org.uk

03339993899

Charity Commission for England and Wales

Listed activities

Accommodation/Housing
Armed Forces/Emergency Service Efficiency
Arts/Culture/Heritage/Science
Disability
Economic/Community Development/Employment
Education/Training
General Charitable Purposes
Other Charitable Purposes
Recreation
The Advancement Of Health Or Saving Of Lives
The Prevention Or Relief Of Poverty

GiG Classification

Grant-making foundations

How it operates

Makes Grants to Individuals
Makes Grants to Organisations

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
Other Defined Groups

Who works here?

5 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (8)

Current Trustees appointed

Gender Split

Age Range of Trustees: 56-77

ANDREW MARK BULL ANDERSON Appointed: 2023, Occupation: Company Director

GILLIAN ROSS BREWER Appointed: 2022, Occupation: Retired Investment Manager

GUY GIBSON CARTWRIGHT Appointed: 2023, Occupation: Bursar

NICOLA ANN MURDOCH Appointed: 2023, Occupation: Non Executive Director Nhs England

BRUCE WALKER Appointed: 2016, Occupation: Businessman

MARGARET ANNE PEDDER Appointed: 2023, Occupation: Company Director, Other trusteeship: PETER COWLEY AFRICA TRUST,

PETER MOUNTFORD MBE Appointed: 2016, Occupation: Financier, Other trusteeship: HEROPRENEURS,

SIMON ANDREW BANKS-COOPER Appointed: 2022, Occupation: Director, Other trusteeship: HEROPRENEURS,

Legal constitution

Charitable company registered in England & Wales on 05/05/2016, number: 1166953
Registered at Companies House on 02/04/2016, number: 10099309

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

7 returns made; all on time

Main office

Thistle Court (Room 5)
Thistle Street
Edinburgh
EH2 1DD

Objectives

TO ASSIST PEOPLE WHO ARE SERVING OR WHO HAVE SERVED IN THE BRITISH ARMED FORCES, INCLUDING UK MERCHANT SEAFARING VETERANS, AND THEIR DEPENDANTS, BY ADVANCING ANY LAWFUL CHARITABLE PURPOSE AT THE DISCRETION OF THE TRUSTEES AND IN PARTICULAR, BUT NOT EXCLUSIVELY, TO MAKE GRANTS TO CHARITIES WHO ASSIST SERVING AND FORMER MEMBERS OF THE ARMED FORCES, AND THEIR DEPENDANTS, WHO ARE IN NEED.

Data Sources