Salvation Army posts year-on-year growth as annual accounts are published
Income generated by the Salvation Army has risen 8% in the last year – to produce the charity’s best ever financial results.
The faith-based group posted a record £196 million in the year to March 20124 in its annual reports, marking the fifth consecutive year of growth for the charity.
Biggest area of growth was trading activities which generated £67.2m – up from £65.3m the previous year.
Donations totalled £43.2m in 2014 – a rise of 8% from the previous year, while member donations rose from £19.4m in 2013 to £20.8m last year.
“Fifty eight per cent of the charity’s income is voluntary and despite this difficult economic climate this has held up well,” the report said.
The charity has two wholly owned trading subsidiaries - the Salvation Army General Insurance Corporation Limited (Sagic), which specialises in property insurance, and the Salvation Army Trading Company Limited (Satcol) which trades second hand clothes and publishing.
It specialises in providing Christian activities as well as social services such as drop in centres, youth clubs, debt advice and emergency food parcels. Its website says it “exists to save souls, grow saints and serve suffering humanity”.
The Salvation Army employs 2,279 full time staff with one employee working for a subsidiary taking home a salary of between £140,000 and £150,000.
