The Salvation Army’s income rose by 8 per cent to £196.3m in 2013/14, its fourth consecutive year of income growth, with nearly two-thirds of that rise coming from legacy donations.
The organisation, which is both a Christian church and a charity working in cause areas such as older people, international development and homelessness, is the 25th-largest registered charity in England and Wales in terms of annual income, according to Charity Commission data.
The largest component in the charity’s income was from trading, at £67.2m, up by nearly £2m on the year before, according to its annual report for the year to the end of March 2014.
The report shows that £50.1m of its trading income came from its two wholly-owned trading subsidiaries, the Salvation Army General Insurance Corporation, which provides property and other insurance products, and the Salvation Army Trading Company, which deals in clothing donation and publications by the charity.
The charity’s legacy income was £47.9m, a rise of £9.1m, or 24 per cent, on the previous year. Donations from the public totalled £43.2m, up 8 per cent on the year before, and the charity’s own members contributed £20.8m, a rise of 7 per cent.
The charity’s general reserves totalled £26.4m at the year-end, and the annual report says: "This exceeds the optimal level of £20m determined by directors but represents only six months unrestricted expenditure on charitable activities."
The charity had a total of 2,279 full-time equivalent staff in the year, down marginally on the year before, and a further 610 people – up from 476 the year before – worked for its subsidiaries.
The accounts show that the group’s highest earner took home a salary of between £140,001 and £150,000 in the year. This unnamed person was employed by one of the charity’s subsidiaries; the highest earner at the charity itself was paid between £90,001 and £100,000. None of the highest earners are named in the report.