ARMY BENEVOLENT FUND
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Cash
£38m
+66.9% highest in 3 filed years
Net assets
£118m
-0.4% vs 2025
Employees
90
+7.1% highest in 3 filed years
Profit before tax
-£3.2m
-114% lowest in 3 filed years
Watchouts
Facts from the Companies House register and the latest accounts — not a rating
-
4 officer resignations in last 12 months
Multiple officers have left the board recently — see the People section for who.
Net assets
3-year trend · vs Health Care median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2026-03-31
| Metric | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 | Δ vs prior |
|---|---|---|---|---|---|
| Total income | £82,000 | £3,152,000 | £3,329,000 | +5.6% | |
| Operating profit | -£2,843,000 | £20,469,000 | — | — | |
| Profit before tax | -£356,000 | £22,746,000 | -£3,179,000 | -114% | |
| Net profit | £5,045,000 | £20,584,000 | -£461,000 | -102.2% | |
| Cash | £14,687,000 | £22,807,000 | £38,059,000 | +66.9% | |
| Total assets less current liabilities | £97,998,000 | £118,491,000 | £118,028,000 | -0.4% | |
| Net assets | £97,906,000 | £118,491,000 | £118,028,000 | -0.4% | |
| Equity | £97,906,000 | £118,491,000 | £118,028,000 | -0.4% | |
| Average employees | 83 | 84 | 90 | +7.1% | |
| Wages | £3,569,000 | £3,795,000 | £4,179,000 | +10.1% | |
| Directors' remuneration | — | — | — | — |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|
| Net margin | — | — | -13.8% | |
| Return on capital employed | -2.9% | 17.3% | — | |
| Gearing (liabilities / total assets) | 1.7% | 1.1% | 1.1% | |
| Current ratio | 13.31x | — | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Margin ratios are hidden where reported turnover is too small relative to profit to yield a meaningful figure — typical of holding companies whose income is mostly subsidiary dividends rather than trading revenue. Sector-distribution context coming next.
Name history
Renamed 1 time since incorporation
- ARMY BENEVOLENT FUND 2023-11-08 → present
- ABF THE SOLDIERS' CHARITY 2012-03-02 → 2023-11-08
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated group
- Auditor
- UHY Hacker Young
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The trustees believe that, whilst uncertainty exists, this does not pose a material uncertainty that would cast doubt on the Charity's ability to continue as a going concern. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.”
Group structure
- ARMY BENEVOLENT FUND · parent
- Soldiers' Trading Limited 100%
Significant events
- “The variance between this year's fundraising income and that received in the previous year essentially is due to a highly generous legacy of nearly £25m received in FY24-25; the impact of which has been to enable our Benevolence Strategy and its formal programme of preventative measures.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
13 active · 38 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MONTEITH, Dermot Peter, Brigadier (Retd) | Secretary | 2021-03-31 | — | — |
| BOOTH, Rachel Sarah | Director | 2020-07-01 | Mar 1966 | Scottish |
| CHESTNUTT, Jonathan Edward Alexander | Director | 2026-01-06 | Aug 1976 | British |
| CULMER, Mark George | Director | 2024-08-01 | Oct 1962 | British |
| FELL, Rowena Ruth | Director | 2020-07-01 | Jun 1972 | British |
| HAYDEN, Caitlin Murea | Director | 2024-07-31 | Apr 1978 | American |
| LONDON, David Charles George | Director | 2020-07-01 | May 1966 | British,Irish |
| METCALFE, Amanda | Director | 2017-11-29 | Jul 1967 | British |
| MILLER, John Stephen | Director | 2025-05-01 | Dec 1982 | British |
| PHILLIPS, Clare Patricia | Director | 2026-03-01 | Jan 1973 | British |
| SCOTT, Anthony Craufurd | Director | 2019-07-03 | Oct 1964 | British |
| SEDGLEY, Anna Katherine Lucy | Director | 2024-08-01 | Sep 1971 | British |
| WHITE, Julie | Director | 2023-08-01 | Nov 1968 | British |
Show 38 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BACON, Robin John, Brigadier (Retd) | Secretary | 2012-03-18 | 2021-03-31 |
| ANDREWS, Stephen Michael | Director | 2012-03-02 | 2012-03-14 |
| BAYNHAM, Peter Frederick | Director | 2015-07-01 | 2019-11-27 |
| BERRAGAN, Gerald William, Sir | Director | 2012-03-02 | 2012-06-06 |
| CARNEY, Paul, Wo1 | Director | 2021-12-01 | 2025-03-31 |
| CLARK TD, Stephen | Director | 2012-03-02 | 2015-11-25 |
| DAVIES, Guy Charles | Director | 2012-03-02 | 2015-11-25 |
| DAVIS, Richard Roderick | Director | 2013-11-27 | 2014-11-26 |
| FAGAN, Mary Catherine | Director | 2014-03-26 | 2024-06-25 |
| FRANCIS, Damien Edward | Director | 2012-03-02 | 2019-11-27 |
| FREEMANTLE, Andrew William | Director | 2012-03-02 | 2016-11-30 |
| GALLICO, Alison Mary | Director | 2012-03-02 | 2014-11-26 |
| GREGORY, Andrew Richard, Sir | Director | 2016-04-06 | 2016-08-08 |
| GRIFFITHS, Paul Raymond, Maj Gen | Director | 2021-12-01 | 2023-09-11 |
| HAUGHTON, Glenn John, Wo1 (Acsm) | Director | 2014-02-19 | 2019-04-02 |
| HAYDEN, Caitlin Murea | Director | 2024-08-01 | 2026-03-04 |
| HEALE, Simon John Newton | Director | 2020-07-01 | 2025-04-04 |
| HEARN, Paui Joseph | Director | 2013-04-09 | 2013-04-09 |
| HEARN, Paul Joseph | Director | 2013-04-09 | 2022-04-06 |
| HUGHES, Christopher Glyn Sheridan | Director | 2022-04-06 | 2025-12-03 |
| HUMPHRIS, Samuel Leslie | Director | 2023-09-11 | 2025-12-31 |
| JAMES, Susan | Director | 2012-03-02 | 2012-11-28 |
| JONES, Ivan Bartholomew Leonard, Major General | Director | 2018-07-04 | 2019-03-08 |
| JONES, Philip David | Director | 2016-11-30 | 2022-12-31 |
| KENNEDY, Alasdair Ian Gordon, Major-General | Director | 2012-03-02 | 2016-11-30 |
| MARTIN, Simon Richard | Director | 2013-04-09 | 2022-04-06 |
| METCALFE, Amanda | Director | 2017-11-29 | 2026-03-04 |
| NESMITH, Sharon Patricia Moffat, Maj Gen | Director | 2019-03-09 | 2019-11-27 |
| NITSCH, Robert Malcolm Bowstead, Major General | Director | 2014-11-26 | 2018-07-04 |
| NUGEE, Richard Edward | Director | 2012-06-06 | 2013-11-27 |
| PARKER, Michael John, Sir | Director | 2012-03-02 | 2013-11-27 |
| PATON, Gavin Henderson | Director | 2018-11-28 | 2021-12-01 |
| ROUS, James Anthony Edward | Director | 2016-11-30 | 2025-09-24 |
| SEXTON, Neil David | Director | 2019-11-27 | 2021-12-01 |
| SHEPPARD, Peter John, Major General | Director | 2012-03-02 | 2016-04-06 |
| STOKES, Andrew John | Director | 2012-03-02 | 2014-02-19 |
| WOOD, Malcolm David, Maj Gen | Director | 2013-04-09 | 2022-04-06 |
| WORLEY, Lisa Christine | Director | 2017-11-29 | 2022-11-23 |
Ownership
Persons with significant control
Filing timeline
Last 20 of 125 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-08-11 | AA | accounts | Accounts with accounts type group | |
| 2026-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-11 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-06 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2026-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-05 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2026-03-04 | AP01 | officers | Appoint person director company with name date | |
| 2026-03-04 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-15 | TM01 | officers | Termination director company with name termination date | |
| 2025-12-09 | AA | accounts | Accounts with accounts type group | |
| 2025-11-21 | TM01 | officers | Termination director company with name termination date | |
| 2025-06-23 | RP04TM01 | officers | Second filing of director termination with name | |
| 2025-05-23 | TM01 | officers | Termination director company with name termination date | |
| 2025-05-07 | AP01 | officers | Appoint person director company with name date | |
| 2025-04-09 | TM01 | officers | Termination director company with name termination date | |
| 2025-03-03 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-10-17 | AA | accounts | Accounts with accounts type group | |
| 2024-08-21 | AP01 | officers | Appoint person director company with name date | |
| 2024-08-15 | AP01 | officers | Appoint person director company with name date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 12
- Capital events
- 0
- Officers appointed
- 2
- Officers resigned
- 4
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.