Finance Score: 1

Governance Score: 0

Support Score: 0

Good reserves management: +3
Deficit latest year: -2

No supporters identified

Overall GiG Score: 1

THE SALVATION ARMY RETIRED OFFICERS ALLOWANCE SCHEME

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.

Analysis by Giving is Great

Positives:

This charity has an endowment fund which generates most of its income
Reserves management has been consistently within official guidelines
Spending has increased over the last 3 years relative to the previous period

Regulatory & Governance issues to consider:

This charity is not recognised by HMRC for Gift Aid according to its latest published return
This charity uses a corporate trustee

Financial issues to consider:

Income was significantly lower than spending in the latest year

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
31/03/23	£3,216	£5,184	£-1,967	£0	£122,861	£1,949	4.5
31/03/22	£2,638	£4,462	£-1,824	£0	£132,849	£1,916	5.2
31/03/21	£2,389	£4,313	£-1,924	£0	£129,588	£1,741	4.8
31/03/20	£2,717	£4,290	£-1,573	£0	£105,559	£1,634	4.6
31/03/19	£6,264	£3,790	£2,473	£0	£104,664	£1,238	3.9
31/03/18	£2,766	£3,660	£-894	£0	£95,369	£1,055	3.5
31/03/17	£3,109	£3,284	£-175	£0	£96,184	£1,949	7.1
31/03/16	£2,594	£1,366	£1,228	£0	£80,637	£2,124	18.7
31/03/15	£2,174	£1,277	£896	£17	£61,248	£896	8.4
31/03/14	£34,203	£214	£33,990	£5	£34,060	£0	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 2%
Liabilities/Income: 83%
Unrestricted Funds/Total Funds: 2%
Reserves/Spending: 4.5 months
Net Current Assets/Spending: 26 months
Quick Ratio: 2.3

Asset Split ?

Established: 11 years
(33 years as a company)

www.salvationarmy.org

IHQ-HeadofFinance@salvationarmy.org

02073328116

Charity Commission for England and Wales

Tweets

Listed activities

Other Charitable Purposes
The Prevention Or Relief Of Poverty

GiG Classification

Other individual and family services

How it operates

Other charitable activities
Provides other finance

Where it 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, ....more

Who it helps

Elderly/Old People
Other Defined Groups

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (1)

THE SALVATION ARMY INTERNATIONAL TRUSTEE COMPANY

Legal constitution

Charity registered in England & Wales on 05/09/2013, number: 1153681
Registered at Companies House on 07/09/1990, number: 02538134

Gift Aid

NOT registered with HMRC for Gift Aid

Policies in force

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

Filing Record

10 returns made; all on time

Main office

SALVATION ARMY INTERNATIONAL
HEADQUARTERS
101 QUEEN VICTORIA STREET
LONDON
EC4V 4EH

Objectives

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.

Data Sources