ARMED FORCES COVENANT FUND — Charity Commission profile

01 Identity

Registration and reporting

Registration status: Registered
Reporting status: Submission Received
Charity type: Trust
Registered: 20 March 2018
Removed: Not supplied
Financial period: 1 April 2024 – 31 March 2025
Latest income: £30,874,242
Latest expenditure: £30,029,388
Gift Aid: No
Owns or uses land: Yes
In administration: No
Insolvent: No
CIO: No

Public contact address: 3rd Floor, 3 Wellington Place, LEEDS, LS1 4AP

Website recorded by the regulator: https://www.covenantfund.org.uk (displayed as text)

02 Activities

What the charity does

The Armed Forces Covenant Fund Trust makes grants to support the Armed Forces Community. The Covenant Fund is delivered by the Armed Forces Covenant Fund Trust. It has £10M a year to fund projects that support the Armed Forces Community.

03 Official extract

Charity Annual Return History

Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Cycle Reference: AR25
Reporting Due Date: 31 January 2026
Date Annual Return Received: 27 October 2025
Date Accounts Received: 27 October 2025
Total Gross Income: £30,874,242
Total Gross Expenditure: £30,029,388

Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Cycle Reference: AR24
Reporting Due Date: 31 January 2025
Date Annual Return Received: 5 November 2024
Date Accounts Received: 5 November 2024
Total Gross Income: £35,748,238
Total Gross Expenditure: £34,458,210

Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Cycle Reference: AR23
Reporting Due Date: 31 January 2024
Date Annual Return Received: 20 November 2023
Date Accounts Received: 20 November 2023
Total Gross Income: £15,601,542
Total Gross Expenditure: £15,864,713

Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Cycle Reference: AR22
Reporting Due Date: 31 January 2023
Date Annual Return Received: 7 October 2022
Date Accounts Received: 7 October 2022
Total Gross Income: £28,152,874
Total Gross Expenditure: £27,573,958

Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Cycle Reference: AR21
Reporting Due Date: 31 January 2022
Date Annual Return Received: 1 October 2021
Date Accounts Received: 1 October 2021
Total Gross Income: £26,751,955
Total Gross Expenditure: £26,456,418

04 Official extract

Charity Annual Return Parta

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR25
Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Due Date: 31 January 2026
Ar Received Date: 27 October 2025
Total Gross Income: £30,874,242
Total Gross Expenditure: £30,029,388
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £11
Income From Government Grants: £30,167,691
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: Yes
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: Yes
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 1
Count Salary Band 70001 80000: 3
Count Salary Band 80001 90000: 1
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR24
Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Due Date: 31 January 2025
Ar Received Date: 5 November 2024
Total Gross Income: £35,748,238
Total Gross Expenditure: £34,458,210
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £10
Income From Government Grants: £35,553,231
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 2
Count Salary Band 80001 90000: 3
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 3
Ar Cycle Reference: AR23
Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Due Date: 31 January 2024
Ar Received Date: 20 November 2023
Total Gross Income: £15,601,542
Total Gross Expenditure: £15,864,713
Grant Making Is Main Activity: Yes
Count Govt Contracts: 0
Count Govt Grants: £4
Income From Government Grants: £14,683,051
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Payments Acting As Trustee: No
Trustee Receives Payments Services: No
Trustee Receives Other Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 3
Count Salary Band 80001 90000: 1
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 4
Ar Cycle Reference: AR22
Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Due Date: 31 January 2023
Ar Received Date: 7 October 2022
Total Gross Income: £28,152,874
Total Gross Expenditure: £27,573,958
Charity Raises Funds From Public: No
Grant Making Is Main Activity: Yes
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: Yes
Count Govt Grants: £6
Income From Government Grants: £27,959,788
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 60001 70000: 2
Count Volunteers: 0

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 5
Ar Cycle Reference: AR21
Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Due Date: 31 January 2022
Ar Received Date: 1 October 2021
Total Gross Income: £26,751,955
Total Gross Expenditure: £26,456,418
Charity Raises Funds From Public: No
Grant Making Is Main Activity: Yes
Charity Receives Govt Funding Contracts: No
Charity Receives Govt Funding Grants: Yes
Count Govt Grants: £3
Income From Government Grants: £26,000,000
Charity Has Trading Subsidiary: No
Does Trustee Receive Any Benefit: No
Trustee Resigned Employment: No
Employees Salary Over 60k: Yes
Count Salary Band 80001 90000: 2
Count Volunteers: 0

05 Official extract

Charity Annual Return Partb

Latest Fin Period Submitted Ind: Yes
Fin Period Order Number: 1
Ar Cycle Reference: AR25
Fin Period Start Date: 1 April 2024
Fin Period End Date: 31 March 2025
Ar Due Date: 31 January 2026
Ar Received Date: 27 October 2025
Income Donations And Legacies: 0
Income Other Trading Activities: 0
Income Charitable Activities: 30318510
Income Investments: 555732
Income Other: 0
Income Total Income And Endowments: 30874242
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £30,029,388
Expenditure Other: 0
Expenditure Total: 30029388
Expenditure Investment Management: 0
Expenditure Grants Institution: 28372104
Expenditure Governance: 29662
Expenditure Support Costs: 1657284
Expenditure Depreciation: 0
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £664,027
Assets Total Fixed: 0
Assets Own Use: 0
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £43,951,537
Assets Total Liabilities: £40,171,089
Assets Current Investment: 0
Assets Total Assets And Liabilities: £3,780,448
Creditors One Year Total Current: 24458197
Creditors Falling Due After One Year: 15712892
Assets Cash: £28,055,550
Funds Endowment: 0
Funds Unrestricted: 664027
Funds Restricted: 3116421
Funds Total: 3780448
Count Employees: 26
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 2
Ar Cycle Reference: AR24
Fin Period Start Date: 1 April 2023
Fin Period End Date: 31 March 2024
Ar Due Date: 31 January 2025
Ar Received Date: 5 November 2024
Income Donations And Legacies: 35553231
Income Other Trading Activities: 0
Income Charitable Activities: 0
Income Investments: 195007
Income Other: 0
Income Total Income And Endowments: 35748238
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £34,458,210
Expenditure Other: 0
Expenditure Total: 34458210
Expenditure Investment Management: 0
Expenditure Grants Institution: 34426053
Expenditure Governance: 32157
Expenditure Support Costs: 1443707
Expenditure Depreciation: 0
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £282,007
Assets Total Fixed: 0
Assets Own Use: 0
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £36,506,865
Assets Total Liabilities: £33,571,270
Assets Current Investment: 0
Assets Total Assets And Liabilities: £2,935,595
Creditors One Year Total Current: 19817122
Creditors Falling Due After One Year: 13754148
Assets Cash: £28,774,940
Funds Endowment: 0
Funds Unrestricted: 282007
Funds Restricted: 2653588
Funds Total: 2935595
Count Employees: 23
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 3
Ar Cycle Reference: AR23
Fin Period Start Date: 1 April 2022
Fin Period End Date: 31 March 2023
Ar Due Date: 31 January 2024
Ar Received Date: 20 November 2023
Income Donations And Legacies: 15600234
Income Other Trading Activities: 0
Income Charitable Activities: 0
Income Investments: 1308
Income Other: 0
Income Total Income And Endowments: 15601542
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £15,864,713
Expenditure Other: 0
Expenditure Total: 15864713
Expenditure Investment Management: 0
Expenditure Grants Institution: 14528071
Expenditure Governance: 24917
Expenditure Support Costs: 1336647
Expenditure Depreciation: 0
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £87,000
Assets Total Fixed: 0
Assets Own Use: 0
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £22,646,939
Assets Total Liabilities: £21,001,372
Assets Current Investment: 0
Assets Total Assets And Liabilities: £1,645,567
Creditors One Year Total Current: 13936762
Creditors Falling Due After One Year: 7064610
Assets Cash: £22,102,408
Funds Endowment: 0
Funds Unrestricted: 87000
Funds Restricted: 1558567
Funds Total: 1645567
Count Employees: 20
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 4
Ar Cycle Reference: AR22
Fin Period Start Date: 1 April 2021
Fin Period End Date: 31 March 2022
Ar Due Date: 31 January 2023
Ar Received Date: 7 October 2022
Income Donations And Legacies: 27959788
Income Other Trading Activities: 0
Income Charitable Activities: 0
Income Investments: 76
Income Other: 193010
Income Total Income And Endowments: 28152874
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £27,573,958
Expenditure Other: 0
Expenditure Total: 27573958
Expenditure Investment Management: 0
Expenditure Grants Institution: 0
Expenditure Governance: 0
Expenditure Support Costs: 1005131
Expenditure Depreciation: 0
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £104,000
Assets Total Fixed: 0
Assets Own Use: 0
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £26,741,242
Assets Total Liabilities: £24,832,504
Assets Current Investment: 0
Assets Total Assets And Liabilities: £1,908,738
Creditors One Year Total Current: 18700376
Creditors Falling Due After One Year: 6132128
Assets Cash: £24,998,631
Funds Endowment: 0
Funds Unrestricted: 104692
Funds Restricted: 1804046
Funds Total: 1908738
Count Employees: 16
Charity Only Accounts: Yes

Latest Fin Period Submitted Ind: No
Fin Period Order Number: 5
Ar Cycle Reference: AR21
Fin Period Start Date: 1 April 2020
Fin Period End Date: 31 March 2021
Ar Due Date: 31 January 2022
Ar Received Date: 1 October 2021
Income Donations And Legacies: 0
Income Other Trading Activities: 0
Income Charitable Activities: 26750006
Income Investments: 1598
Income Other: 351
Income Total Income And Endowments: 26751955
Income Legacies: 0
Income Endowments: 0
Expenditure Raising Funds: £0
Expenditure Charitable Expenditure: £26,456,418
Expenditure Other: 0
Expenditure Total: 26456418
Expenditure Investment Management: 0
Expenditure Grants Institution: 0
Expenditure Governance: 0
Expenditure Support Costs: 907406
Expenditure Depreciation: 0
Gain Loss Investment: 0
Gain Loss Pension Fund: 0
Gain Loss Revaluation Fixed Investment: 0
Gain Loss Other: 0
Reserves: £104,508
Assets Total Fixed: 0
Assets Own Use: 0
Assets Long Term Investment: 0
Defined Benefit Pension Scheme: 0
Assets Other Assets: £21,376,860
Assets Total Liabilities: £20,047,038
Assets Current Investment: 0
Assets Total Assets And Liabilities: £1,329,822
Creditors One Year Total Current: 17274048
Creditors Falling Due After One Year: 2772990
Assets Cash: £20,992,039
Funds Endowment: 0
Funds Unrestricted: 148692
Funds Restricted: 1181130
Funds Total: 1329822
Count Employees: 12
Charity Only Accounts: Yes

06 Official extract

Charity Area Of Operation

Geographic Area Type: Region
Geographic Area Description: Throughout England And Wales
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Northern Ireland
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Europe
Welsh Ind: No

Geographic Area Type: Country
Geographic Area Description: Scotland
Parent Geographic Area Type: Continent
Parent Geographic Area Description: Europe
Welsh Ind: No

07 Official extract

Charity Classification

Classification Code: 102
Classification Type: What
Classification Description: Education/training

Classification Code: 101
Classification Type: What
Classification Description: General Charitable Purposes

Classification Code: 205
Classification Type: Who
Classification Description: Other Charities Or Voluntary Bodies

Classification Code: 104
Classification Type: What
Classification Description: Disability

Classification Code: 116
Classification Type: What
Classification Description: Recreation

Classification Code: 207
Classification Type: Who
Classification Description: The General Public/mankind

Classification Code: 114
Classification Type: What
Classification Description: Armed Forces/emergency Service Efficiency

Classification Code: 105
Classification Type: What
Classification Description: The Prevention Or Relief Of Poverty

Classification Code: 113
Classification Type: What
Classification Description: Economic/community Development/employment

Classification Code: 103
Classification Type: What
Classification Description: The Advancement Of Health Or Saving Of Lives

Classification Code: 302
Classification Type: How
Classification Description: Makes Grants To Organisations

08 Official extract

Charity Event History

Charity Name: ARMED FORCES COVENANT FUND
Charity Event Order: 1
Event Type: Standard registration
Date Of Event: 2018-03-20T00:00:00

09 Official extract

Charity Governing Document

Governing Document Description: TRUST DEED DATED 07 FEB 2018AS AMENDED ON 18 DEC 2023
Charitable Objects: 4.1 TO ADVANCE SUCH GENERAL CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS THE TRUSTEE MAY AT ITS ABSOLUTE DISCRETION DETERMINE, SUCH PURPOSES TO BE FURTHERED IN ACCORDANCE WITH THE SPIRIT OF THE ARMED FORCES COVENANT AND/OR TO SUPPORT THOSE WHO HAVE SERVED ALONGSIDE THE ARMED FORCES AND RELOCATED TO THE UK, IN PARTICULAR (BUT NOT EXCLUSIVELY) BY PROVIDING CHARITABLE ASSISTANCE AND SUPPORT TO THOSE WHO SERVE OR HAVE SERVED IN OR ALONGSIDE THE ARMED FORCES, WHETHER REGULAR OR RESERVE, THOSE WHO HAVE SERVED IN THE PAST, AND IN ALL CASES THEIR FAMILIES, DEPENDANTS AND CARERS, INCLUDING (BUT NOT LIMITED TO) BY FUNDING PROJECTS WHICH4.1.1 ADVANCE COMMUNITY DEVELOPMENT BY HELPING TO INTEGRATE MILITARY AND CIVILIAN COMMUNITIES AND ALLOW THE ARMED FORCES COMMUNITY TO PARTICIPATE FULLY AS CIVILIANS, INCLUDING PROVIDING INFORMATION, ADVICE, HELP AND EXPERTISE TO THOSE WHO SERVE OR HAVE SERVED, DURING AND AFTER THEIR TRANSITION INTO CIVILIAN LIFE, INCLUDING SUPPORTING THEIR RESETTLEMENT AND, IF NEEDED, HELPING THEM GAIN EMPLOYMENT;4.1.2 PREVENT OR RELIEVE POVERTY, FINANCIAL HARDSHIP OR OTHER CHARITABLE NEED;4.1.3 RELIEVE UNEMPLOYMENT;4.1.4 ADVANCE HEALTH, INCLUDING BUT NOT LIMITED TO THE PROMOTION OF GOOD MENTAL AND PHYSICAL HEALTH AND PREVENTION OF SUBSTANCE ABUSE OR MISUSE; 4.1.5 PROVIDE (OR ASSIST IN THE PROVISION) OF FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION OR OTHER LEISURE TIME OCCUPATION OF INDIVIDUALS WHO HAVE NEED OF SUCH FACILITIES BY REASON OF THEIR YOUTH, AGE INFIRMITY OR DISABILITY, FINANCIAL HARDSHIP OR SOCIAL CIRCUMSTANCES WITH THE OBJECT OF IMPROVING THEIR CONDITIONS OF LIFE;4.1.6 EDUCATING THE PUBLIC WITH A VIEW TO PROMOTING A NATIONAL UNDERSTANDING OF THE ARMED FORCES AND THEIR CONTRIBUTION TO SOCIETY, INCLUDING BUT NOT LIMITED TO SUPPORTING REGIMENTAL MUSEUMS, HERITAGE PROJECTS AND GARDENS OF REMEMBRANCE;4.1.7 PROMOTE THE EFFICIENCY OF THE ARMED FORCES BY THE PROVISION AND SUPPORT OF FACILITIES AND ACTIVITIES FOR THE EFFICIENCY AND WELL-BEING OF SERVICE PERSONNEL. 4.1.8 PROMOTE THE EFFICIENCY AND EFFECTIVENESS OF CHARITIES, THE EFFECTIVE USE OF CHARITABLE RESOURCES AND THE VOLUNTARY SECTOR.4.2 VOLUNTARY SECTOR MEANS CHARITIES AND VOLUNTARY ORGANISATIONS; AND, FOR THE PURPOSE OF THIS DEFINITION:4.2.1 CHARITIES ARE ORGANISATIONS WHICH ARE ESTABLISHED FOR EXCLUSIVELY CHARITABLE PURPOSES IN ACCORDANCE WITH THE LAW OF ENGLAND AND WALES; AND4.2.2 VOLUNTARY ORGANISATIONS ARE INDEPENDENT ORGANISATIONS, WHICH ARE ESTABLISHED FOR PURPOSES THAT ADD VALUE TO THE COMMUNITY AS A WHOLE, OR A SIGNIFICANT SECTION OF THE COMMUNITY, AND WHICH ARE NOT PERMITTED BY THEIR CONSTITUTION TO MAKE A PROFIT FOR PRIVATE DISTRIBUTION. VOLUNTARY ORGANISATIONS DO NOT INCLUDE LOCAL GOVERNMENT OR OTHER STATUTORY AUTHORITIES.

10 Official extract

Charity Policy

Policy Name: Safeguarding policy and procedures

Policy Name: Social media policy and procedures

Policy Name: Investment

Policy Name: Serious incident reporting policy and procedures

Policy Name: Bullying and harassment policy and procedures

Policy Name: Conflicting interests

Policy Name: Financial reserves policy and procedures

Policy Name: Paying staff

Policy Name: Safeguarding vulnerable beneficiaries

Policy Name: Internal risk management policy and procedures

Policy Name: Internal charity financial controls policy and procedures

Policy Name: Complaints policy and procedures

Policy Name: Risk management

Policy Name: Trustee expenses policy and procedures

Policy Name: Complaints handling

Policy Name: Trustee conflicts of interest policy and procedures