Finance Score: 9

Governance Score: -7

Support Score: 7

Liabilities <10%: +3
Poor Liquidity: -1
Good Reserves: +1Good reserves management: +3
Fundraising costs low: +3

Only 4 Trustees: -1
Static board: -3
All male board: -3

Grant maker support: +7

Overall GiG Score: 9

VETERANS AID

Primarily involved in supporting homeless and vulnerable veterans who have served in the British armed forces. Services include the provision of accommodation, social work, alcohol counselling, and advocacy.

Analysis by Giving is Great

Positives:

The charity has received backing from several prominent grant makers recently
This charity has a robust balance sheet
Reserves management has been consistently within official guidelines
There have been no material income shortfalls in recent years
Fundraising costs are low relative to funds raised

Regulatory & Governance issues to consider:

There are only 4 trustees
The Board is completely male
The Board composition appears to be rather static

Financial issues to consider:

Liquidity appears to have been slender at the latest year end but unrestricted reserves are available

Established: 21 years

www.veterans-aid.net

info@veterans-aid.net

02078282468

Charity Commission for England and Wales

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	Volun- teers
30/09/23		£1,916	£1,994	£-78	£143	£10,018	£1,205	7.3	25	5
30/09/22		£1,614	£1,871	£-257	£148	£8,620	£1,080	6.9	24	3
30/09/21		£1,923	£1,808	£116	£145	£8,913	£1,316	8.7	23	3
30/09/20		£1,852	£1,889	£-37	£133	£8,797	£1,093	6.9	24	5
30/09/19		£1,890	£1,930	£-40	£139	£8,855	£1,041	6.5	24	5
30/09/18		£2,277	£1,796	£481	£119	£8,844	£916	6.1	22	0
30/09/17		£2,036	£1,853	£183	£134	£11,454	£322	2.1	22	0
30/09/16		£3,419	£1,925	£1,493	£269	£11,097	£988	6.2	22	0
30/09/15		£4,974	£2,066	£2,909	£265	£9,094	£1,058	6.1	22	0
30/09/14		£1,697	£1,849	£-152	£123	£6,388	£1,034	6.7	21	0
30/09/13	*	£1,915	£1,652	£263	£116	£5,409	£971	7.1	20	0
30/09/12		£1,422	£1,443	£-22	£114	£5,038	£1,003	8.3	19	0
30/09/11	*	£1,305	£1,343	£-37	£128	£4,914	£1,004	9	16	0
30/09/10		£1,156	£1,187	£-30	£106	£5,040	£1,000	10.1	15	0
30/09/09		£1,770	£1,071	£698	£86	£4,989	£998	11.2	15	0
30/09/08		£878	£968	£-90	£81	£3,075	£605	7.5	14	0
30/09/07		£680	£693	£-14	£58	£3,372	£661	11.4	11	0
30/09/06		£581	£960	£-380	£0	£0	£0	n/a	0	0
30/09/05		£582	£578	£4	£0	£0	£0	n/a	0	0
30/09/04		£475	£474	£1	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 8.2%
Fundraising Costs/Total Spending: 7.7%
Senior Staff Costs/Total Spending: 14%
Highest pay band: £90,000-£100,000
Liabilities/Assets: 1%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 12%
Reserves/Spending: 7.3 months
Net Current Assets/Spending: 0 months
Quick Ratio: 0.3

Asset Split ?

Listed activities

Accommodation/Housing
General Charitable Purposes
Other Charitable Purposes
The Prevention Or Relief Of Poverty

How it operates

Makes Grants to Individuals
Other charitable activities
Provides advocacy/advice/information
Provides buildings/facilities/open space
Provides other finance
Provides services

Where it operates

Northern Ireland, Scotland, Throughout England And Wales,

Who it helps

Elderly/Old People
Other Defined Groups

Who works here?

25 employees
5 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

We have details on the following significant donations. Multi-year donations are allocated to the years for which they are earmarked.

Major supporters in last 5 years

National Lottery Community Fund	£283,421
Greater London Authority	£60,940
Armed Forces Covenant Fund Trust	£60,000
Ministry of Defence	£60,000
Garfield Weston Foundation	£50,000

Specific Donations

Amount	When Months	To be used for
Greater London Authority - Welfare to Wellbeing
£60,940	01/08/2022	Offers immediate route off the streets for any UK veteran in need, and a structured pathway into independent living. Helps ensure that veterans experience 'no first night out', swiftly arranging ....more Offers immediate route off the streets for any UK veteran in need, and a structured pathway into independent living. Helps ensure that veterans experience 'no first night out', swiftly arranging immediate accommodation and meeting any other needs.
Garfield Weston Foundation - Main Grants award
£50,000	29/01/2021	Frontline work
Armed Forces Covenant Fund Trust - COVID IMPACT FUND
£60,000	25/06/2020	Funding enabled the group to help veterans who are homeless, facing homelessness, or in crisis, address their problems, empower them with necessary skills and achieve their own maximum potential
Ministry of Defence - Covid-19 Impact Fund
£60,000	15/06/2020	To maintain services and activities where organisations' finances had been impacted by Covid
National Lottery Community Fund - Homelessness Prevention among Veterans
£283,421	17/10/2019 35	Homelessness Prevention among Veterans
Ministry of Defence - Financial Assistance/Support
£500,000	01/04/2017	Banking fines - Treasury to direct to various Armed Forces causes.
Dulverton Trust - A hand-up for young veterans
£20,000	15/02/2017	A hand-up for young veterans
The Clothworkers Foundation - Grant to Veterans Aid
£100,000	19/05/2016	Extension and refubishment of a hostel for homeless veterans in London
Greater London Authority - Grant to Veterans Aid
£1,632,000	12/05/2016	Refurbishment of New Belvedere House for Veterans Aid units
Henry Smith Charity - Grant to Veterans Aid
£114,300	13/03/2014 36	towards three years' salary of the Professional Support Co-ordinator at a supported accommodation centre in London that provides treatment for addiction and mental health problems, and education and ....more towards three years' salary of the Professional Support Co-ordinator at a supported accommodation centre in London that provides treatment for addiction and mental health problems, and education and training to homeless veterans from around the UK

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Data sourced from Donors via 360 Giving

How is it governed?

Trustees (4)

Current Trustees appointed

Gender Split

Age Range of Trustees:

ANDREW GERARD WALLIS MBE OL DL (Chair) Appointed: 2011

COLONEL CHRISTOPHER DAVID MACKENZIE-BEEVOR CBE Appointed: 2018

DR PAUL DYER Appointed: 2013, Occupation: Retired Marketing Director Towergate Partnership

GILBERT HOLBOURN Appointed: 2013, Occupation: Retired

Legal constitution

Charitable company registered in England & Wales on 09/01/2003, number: 1095308
Registered at Companies House on 25/09/2002, number: 04544532

Gift Aid

Registered with HMRC for Gift Aid

Other Regulators

Homes England

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
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
Volunteer management

Filing Record

20 returns made; AR13: 35 days late, AR11: 11 days late,

Main office

VETERANS AID
27 Victoria Square
LONDON
SW1W 0RB

Objectives

THE CHARITY'S OBJECTS (THE OBJECTS) ARE TO RELIEVE DISTRESS AMONG EX-SERVICE MEN AND WOMEN OF THE ROYAL NAVY, ROYAL MARINES, ARMY, AIR FORCE AND MERCHANT SERVICE AND THEIR WIDOWS OR WIDOWERS WHO, AT THE TIME OF APPLICATION FOR ASSISTANCE, ARE UNEMPLOYED, HOMELESS OR FOR SOME REASONABLE CAUSE IN NEED.

Defined Area of Benefit:

NATIONAL

Data Sources