REGISTERED CHARITY NUMBER: 1053576 REPORT OF THE TRIISTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 FOR THE NATIONAL FEDERATION OF OCCIIPATIONAL PENSIONERS II'ELFARE FUND FKCA Limited 260 - 270 Butterfield Great Marlings Luton Bedfordshire LL12 8DL
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023 P*ge Reference And Administrative Details Reporl of the Trknstte5 Repor¢ of the Independent Auditors St#tement of Finan¢iAI Activities Balance Sheet Notes to the FinanciAI Statement5 8 10 13
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FU]YD REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 DECEMBER 2023 TRUSTEES Mr P F Hands Mr E M Donaghy Mr V Jeffries MrsDJLee PRINCIPAL ADDRESS Unil 6. Iniperial Court Laporte Way Luton Bedfordshire LU4 8FE RF.GISTERED CHARITY NUTrIBER 1053576 AUDITORS FKCA Limited 260 - 270 Buttetfield Gr¢ai Imarlings Lulon Bedfordshire LU2 8DL BANKERS HSBC 63 (Teorge Streei Luton Bedfordsliire LUI 2AR CCLA Senator House 85 Queen Victoria Sircet London EC4V 4ET Page I
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 The trustee5 preseni their report with the financial sialemenls of the charity for the year ended 31 De¢¢mber 2023. The trustee5 have adopled ihe provisions of Accounting and Reporting by Charities.. Statement of Recomniended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) leffeclive l January 2019). OBJECTIVES AND ACTIVITIES Objectives 4nd activities The relief of poverty and the improvemenl of the physical and mental wellbeing of persons in need who are retired employees of British Telecom or ihe Royal Mail or members of Ihe NFOP, or their dependant5. This is achieved principally through Ihe Trust's granl making programme, whi¢li is financed from donations and fundraising income. The Irustees confirni thal they have referred to Ihe guidance contained in ihe c.harity Commission's general guidan¢¢ on public benefit in setting these objectives and considerin8 tl)e grant niaking policy. The gross income of the charity in the year lo 31 December 2023 was £28.713 12022.. £31.127). Charitable grants were made to 3 individuals (2022..71 in the year lo 31 December 2023 lolalling £4,057 (2022.. £6,503) to aid with equipmenr purchases or expenses Ihal they would not otherwise be able meet Iliemselves. This year's cost of providing The TalkTng MagFazine to members of the NFOP was £3.475 (2022.. £5,010). There were no charitable donations to inslilulions diiring the financial year. The trustees arc satisfied ihai any gr&nls made during the year were for ihe benefit of the public and the benefils were clearly idenlifiable. FINANCIAL REVIEW FinAncial review There w¢re no single donations received in 2023 12022.. Nil). NFOP Branch donations (including frorn closing Bran¢hesl have been detailed in Ihe report and tolalled £15,292 {2022: £18.794) and donations and legacies from meinbers £401 (2022.. £124). 1001 Club ¥erkerated gross in¢ome of £5,028 12022.. £5,976) leaving £2,514 12022.. £2,988} available lo be uscd for good caus¢5. Inconie duriiig Ihe year end¢d ) l DecciiibL'r 202) exceeded expendilure by £12,594. In 2022, income exceeded expenditure by £10.756. It is the truslee5' inlenlion Ihat an), surplus funds sliould b¢ carried forward for dislribulioii as parl uf Il)e sranl-n)akiiig progiran)n)e in tl)e followin&, year, Ivhilsi ¢onlinuii)g to l)old sufficieni reserves lo safegTuard Il)e future of tli¢ cliarily. The Irusiees s¥¢k iv suppori us niliny ¥laiii)iillis as pussiblr. ALiiviiy aini¢d <lt r¢Lruiiin¥ n)eiiib¢rs io jliin (he niuiiilil}' luiiery will be ongoii)¥ over Ihe course of Ilie year. The policy on reserves is reviewed annually. Ai 31 December 2023 ihe value held in reserves was £137,127. The Iruslees plans for future periods are lo continue the charity's granl mak'ing pn)granime in order lo provide pensioners wilh financial assistance in times of hardship. Over the last ihree years applications lo the charity have reduced considerably, possibly due lo the in)pacl of Ihe Covid-19 pandemic. In the current c05t of living crisis Ihe Iruslees are keen for members to apply for assistance and they believe that some worthy recipi¢nls may not be aware of the charity. The NFOP magazine will coniinue to highlight the exislenGe of Ihe charity and the criteria for applying. STRUCTIIRE, GOVERNANCE AND MANAGEMENT Governing document The charity's governing document is a declaration of trusl dated 16 February 1996. Amendments have been made by deed daled 17 Seplember 2007, 20 July 2013 (by resolulion), 27 Sepl¢mber 2013 and 29 August 2014. The Power to appoint new or additional trustees is vesied in the extsting Trustees. New trustees are provided with copies of annual accounts and annual return5. The trustees meet al every NFOP Execuiive Committee Meeting where any review of policy is considered. Grant application5 are considered by a Welfare Committee and granls up to £ 1,000 awarded. Above thi5 level, applicalions are referred to ihe trustees. Decisions on wheiher to approve grant applications are taken by majority vote. Three of the truslees of the charity are Executive Committee members of The Naiional Federalion of Occupational Pensioners (NFOP). the fourtli is the Chief Executive Officer of the NFOP. The day to day running and administration of the charity is undertaken by the emplo}'ee5 of the NFOP the costs of which are treated as a donation lo the charity and the charity operates rent free oiit of a biiildine lea%ed bv ihe NFOP. Page 2
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted A¢¢ounling Practice). The law applicable lo charilies in England and Wales. the Charities Act 2011. Charity (Accounts and Reports) Regulalions 2008 and the provisions of the trusl deed requires the truslees to prepare financial slatemenls for each financial year which give a true and fair view of the slate of affairs of Ihe charity and of th¢ incoming resour¢e5 and application of resources. including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to seleci suitable g4ccounting policies and then apply them consistently; observe the methods and principles in the Cliarity SORP. make jud&Jemei?Is and eslimaies ihat are reasonable and prudent; prepare Ihe financial staten)enls on the going Concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper a¢¢ounling records which dis¢10se with reasonable accuracy at any time the financial position of the charity and lo enable them lo ensure ihal the financial staiemenls comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulation5 2008 and th¢ provision5 of the trust deed. They are also responsible for saf¢guarding the assels of the charity and hence for taking reasonable steps for ihe prevention and dcleclion of fraud and other irregularities. Approved by order of the board of iruslees on 2 February 2024 and signed on its behalf by.. Mr E M Donaghy- Trustee Page 3
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE NATIONAL FEDERATIOIY OF OCCIIPATIONAL PENSIONERS WELFARE FUND Opinion We have audited the financial statements of The National Federation of Occupaiional Pensioners Welfare Fund (the 'charity'} for Ihe year ended 31 December 2023 which comprise the Statement of Financial Activities. the Balance Sheet and notes to the financial slatements. including a summary of sigT]ificant accounting policies. The financial r¢porting framework that has been applied in their preparation is applicable law and United Kingdom Accounling Standards (Uniled Kingdom Generally Accepted Accounting Practice). In our opinion Ihe financial staiernents: give a true and fair view of the state of the charity's affairs as at 31 December 2023 and of 115 incoming resources and application of resources, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and have been prepared in accordance wilh Ihe requirements of the ChariTies Act 2011. B45is for opinion We conducted our audit in accordan¢e with Inlernalional Standard5 on Auditing (UK} (ISAS (I.IK)) and applicable la.. Our responsibilities under ihose slandards are further described in the Auditors. responsibililies for tl)e audit of ihe financial statements sectioii of our report. We are independent of the charity in accordance with the ethical requirenient5 that are relevanl lo our audit of Ilie fii)ancial stalen)ents in Ihc UK. including the FRC'S Ethical Standard. and we have fulfilled our oiher ethical responsibilities in accordan¢¢ Mith these requirements. We believe that the audil evidence we have obtained is sufficienl and appropriate lo provide a basis for our opinion. Conclusions relating to going concern In audiiing ihe financial slatenients. we have concliided that ihe Irustees, use of the going concern basis of ac¢ounling in the preparation of the financial statements is appropriate. Based on the work wc have perforn)ed. we have not identified any iiiaterial uncenainlies relatingi lo evenis or conditions thai, individually or colle¢tivel}', niay cast significani doubl on Ilie charity's ability to continue as a going concern for a period of al least twelve months froin when the financial slalenienls are auihorised for issue. Our responsibilities ai)d Ille responsibilities of ihe Irustees w'ith respect to ¥oin8 conccrn are described in Il)c relevant seciions of this report. Other inforn)ation The Iruslees are responsible for Ihc other information. The oilier inforniation comprises Ilie information included in the Aniiuul Repuri, (Trili¢r tliaii ili¢ fii)dllLldl sldl¢iii¢iiis &iiid Our Repuri of Ili¥ Ii)d¢peiid¥iiL Audi¢orb tli¢r¢uii. Our opinion on Ilie financial statenienls does not cover the oiher infornialion and, except to Ihe exlenl oilierwise explicitly slated in our report, we do not express any fomi of assurance conclusion Ihereon. In connection with our audit of the financial slalemenls. our re5pon5ibility is lo read the other infomiaiion and. in doing so. consider wheiher the oiher information is materially inconsistent with Ihe financial slatemenls or our knowl¢dge obtained in the audil or otherwise appears to be materially mi55laled. If we identify such malerial inconsisl¢n¢ies or apparenl nialerial Inissialemenis, we are required to determine whether this 8ive5 rise lo a material misslalement in the financial slalemenls themselves. If, based on the work we have perforni¢d. we concllide that Ihere is a material misslatenienl of Ihis other information, we ar¢ required lo report thai facl. We have nothing to report in this regard. Matter5 on which we #re required to report bv exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us lo report to you if, in our opinion: the informalion given in the Report of the Trust¢¢5 is inconsislent in any maierial respect with the financial 51atemenls' or sufficient accountirkg records have not been kept. or the financial slat¢menls are not in agreement with ihe accouniing records and returns,. or we have not received all the infonnalion and explanations we require for our audil. Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE NATIONAL FEDEIL4TION OF OCCUPATIONAL PENSIONERS WELFARE FUND Responsibilities of trustee$ As explained more fully in ihe Statement of Truslees, Responsibilities, the trustees are responsible for the preparation of the financial slatements which give a true and fair view, and for such inlernal control &$ ihe trustees determine is necessary to enable the preparalion of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the ¢harity's ability to continue as a going con¢em, disclosing. as applicable, matters related io going concern and using the going concern basi5 of accounting unless the trustees either iniend io liquidate the charity or to cease operations, or have no realislic aliernalive but to do Our responsibilities for the audit of the financial statements We have been appointed as auditors under Sec(ion 144 of the Charities Act 201 l and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are lo obtain reasonable assurance aboul whether the financial statements as a whole are free from malerial nii5slalemenr. whether due to fraud or error, and lo issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance. bul is not a guarai)iee that an audit conducted in accordance with ISAS (UK) will always det¢cl a malerial missiaiement when il exists. Misslalemenis ¢an arise from fraud or error and are considered material if. individlially or in the aggregate, they could reasonably be expected lo infliience the economic decisions of users taken on lh¢ basis of these financial stalem¢nls. The exleni to which our procedures are capable of delecling irr¢¥ularilies, including fraud is delailed below.. Enquiry of management. those charged with governance around actual and potential litigation and claims. Enquiry of enlitv staff and ihe board of trustees lo identify any insiances of non-compliance with laws and regulations. Reviewing minuie5 of meetings of Ihose Charged with governance. Reviewing fii)ai)cial sialenieni dis¢losures and I¢siin8 to supporting documenlalion to asse55 compliance with applicabl¢ laws and regulalioii5. Auditins the risk of management override of conlrols, including Ihrough lesling journal entries and other adjuslmenls for appropriaieness. and evaluating the business rationale of significant transaclions outside the nom)al course of business. A furilirr d¢sLriplioii ofuur r¥spuiisibiliii¢s fvr ili¥ uudii uf Ili¢ fiiiuiiLiul sialeiiiriiis is luiui¢d oil Ili¢ Fiiiaii¥ial R¢poriiiig Council's H'eb51le at wMv.frc.org.uklaudilorsrespon5ibililies. This description fomis part of our Report of the Independent Auditors. Use of our report This report is made solely lo Ihe charity's trustees, as a body. in accordance iviih Part 4 of the Charities IA¢counls and Reports) Rcgulalion5 2008. Our audit work has been undertaken so that we mighi state lo the charity's trustees those matters we are required to state to them in an aiidilors, report and for no other piirpose. To the fulle51 exlenl permilted by law. we do not accept or assunie responsibility to anyone other than the charity and th¢ charity's Iruslees as a body, for our audit work. for this report, or for ihe opinions we have fomied. FKCA Limited 260 - 270 Butterfield Great Marlin85 Lulon Bedfordshire LU2 8DL Date.. Page 5
THE NATIONAL FEDERATION OF OCCUPATIONAL PEIYSIONERS WELFARE FUND STATEMENT OF FINANCIAL ACTIVITIES for the l'ear Ended 31 DECEMBER 2023 2022 Total funds Unrestricted fund Notes INCOME AND ENDOWMENTS FROM Donation5 and legacies 25,721 30.467 Investment income 2.992 660 Total 28,713 31.127 EXPENDITIIRE ON Raising funds 4,534 5,008 Charitable Activities Welfare a%sislance Support ¢0515 7.698 3.887 11.660 3,703 Total 16,119 20.371 IYET INCOME 12.594 10.756 RECONCILIATION OF FUNDS Total funds brought forward 124,53.3 113,777 TOTAL FUIYDS CARRIED FORWARD 137,127 124,5.33 The notes forni part of these financial statements Page 6
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND BALANCE SHEET 31 DECEMBER 2023 2023 Unrestri¢led fund 2022 Tolal funds Notes C.URRENT ASSETS Debtors Cash at bank 20 127.571 140.000 140,000 127,591 CREDITORS Amounts falling due within one year 10 (2.873) (3,058) NET CURRENT ASSETS 137,127 124,533 TOTAL ASSETS LESS CURRENT LIABILITIES 137,127 124,533 NET ASSETS 137,127 124.533 FIIiYDS Unrestri¢ied funds 137,127 124.533 TOTAL FUIYDS 137,127 124,533 The finan¢ial statements were approved by the Board of TrLtslees and auihorised for issue on 2 February 2024 and were signed on 115 behalf by.. Mr P F Hand5- Truslee The note5 forni part of tliese financial statements Page 7
THE NATIONAL FEDEIL4TION OF OCCUPATIONAL PENSIONERS WELFARE FUND NOTES TO THE FINANCIAL STATENIENTS for the Year Ended 31 DECEMBER 2023 ACCOUNTING POLICIES Basis of preparing the fJnanciAI stAtements The financial statements of the charity, whi¢h is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP IFRS 102) 'Accounling and Reporting by Charilie5'. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019),, Financial Reporting Siai)dard 102 'The Financial Reporting Standard applicable in ihe UK and Republic of Ireland, and the Charities Act 2011. The financial stalemenis have been prepared under ihe historical cost convenlion. The presentation currency of the financial statemenls is the Pound Sterling 1£) ncome All income is re¢ognised in the Statement of Financial Activities once the charity has entiilemenl 10 the funds. il is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recogpnised as expendilure as soon as Ih¢re is a legal or constructive obligaiion committing the charity lo that expenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of Ihe obligdlion can be measiired reliably. Expeildilure is accolinted for on an accruals basis and has been classified under headings thai agbyregate all cost related to the calebyor>'. Where cosis cannot be directly altribLiled to particular headings they have been allocated lo activities on a basis ¢onsislenl wilh the use of resources. Grants offered subject lo conditions which have noi been mel al the year end dale are noted as a commilnienl bul noi accrued as expenditure. Ral$ing funds Cosis of generaiing funds include prizes given under the l 00 I Club scheme, raffle prizes and an apponionment of support costs. Ch4riiable ariiviiies Costs of Charitable activilies include grants and donations n)ade io individua15 and an apportionineni of support costs. Allocation of overheAd and support costs Overliead and support costs have been allocated between charitable activily, fundrdising costs and governance. Overhead and support costs have been allo¢ated based on the eslimaied time spent on the adminislralion of charitable aclivilies. fundraising and governance. T4xAtion The charity is exempl from lax on its ¢harilable activities. Funds The unrestrieied funds repr¢senl undistributed income carried fonvard, in accordance with the Trustees reserves policy highlighted on page 2. Donated 5eryices Donated services are recognised on the basis of the value of the gift to the charity which is th¢ amount the ¢harity would have been willing to pay lo obtain the services on the open market. The donated amount is included within donalions on the statement of financial activilies and a corresponding amount is included within expenditure in the period of receipt. Th¢ nature and amount of donat¢d setvices 15 delailed in th¢ related party disclosure nol¢ to the accounts. Page 8 continued...
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND NOTES TO THE FINANCIAL STATEMENTS- continued ror the l'ear Ended 31 DECEMBER 2013 DONATIONS AND LEGACIES 2023 2022 Donations and legacies NFOP donaled services Conference raffle in¢ome 100 I Club gr055 income 15,693 5,000 18,918 5.000 573 5,976 5,028 25.721 30.467 Donations.. Federation Branches (included above) Ipswich & District Branch Aylesbury & High Wycombe Branch Colclie51er & Tendring Branch Maidstone Branch Leicester Branch Kingslon on Thaines Branch Reading Branch Oxford Branch 300 50 1.000 50 300 50 50 50 100 200 1,000 1,400 1.868 Donaiions.. Branch Closures (included above) Lincoln Branch Chichester Braiich Graniham Brancl) Kirkcaldy Brancli Souih Wesl Area Branches k¢iiddS & LÉik¢ DisifiLI BrsiiiLII Headquarters Branch ChrislchLirch Branch Uxbridge Brancli Ayshire Branch Dundee Branch Lanarkshire Branch 2,021 10.430 244 1,000 196 4.800 566 2.016 2.897 3.894 1.956 13,892 16.926 I]YI'ESTMENT INCOME 2023 2022 D¢pos11 account interesi 2,992 660 Page 9 continued...
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIOIYERS WELFARE FUiYD NOTES TO THE FINANCIAL sfATEMENTS- continued for the Year Ended 31 DECE,MBER 2023 RAISING FUNDS Rgising donalions and legacies 2023 2022 Sundries Donated services 100 I Club Prize reserve 20 2,000 2.514 20 2,000 2,988 4,534 5,008 CHARITABLE ACTIVITIES COSTS Grdnt funding of activities (See note 6) Support costs (see noie 7) Direcl Cos15 Totals Welfare assistance Support costs 3,475 4,057 166 3.887 7,698 3.475 4,057 4,053 11.585 GRANTS PAI'ABLE 2023 2022 Welfare assislance 4,057 6,503 SIIPPORT COSTS Fiiiance Oiher Tuials Welfare assistance Support costs 166 166 3.887 3.887 166 3,887 4.053 TRIISTEES, REMIINERATION AND BENEFITS During the year the trustees received remuneraiion tolalling £Nil (2022.. £Nill. Trustee$, expenses During the year the Irustees received reimbursed cxpenses iotalling £Nil (2022.. £Nill. Page 10 continued.-.
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND NOTES TO THE FINAN'CIAL STATEMENTS- continued for the Yt#r Ended 31 DECEMBER 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Prepayments and accrued income 20 io. CREDITORS: AMOIINTS FALLING DUE WITHIN ONE YEAR 2023 2022 Trade Creditors Oiher creditors Accrued expenses 660 ,232 981 1.595 ,463 2.873 3,058 1001 CLUB PRIZE RESERVE Brought forward from 2022 Prize reserve 1,463 1.463 2,514 500/9 of gross l 00 I Cliib income (2023} Prize reserve 3,977 Prizes paid in year to 31 December 2023 January rebruary. March April May June 375 220 220 212 210 207 ij July August Sepleinber October Noveniber December 192 192 193 192 189 2,745 Prize reserve and Six month liability carried forward to 2023 {Prize reserve £l.125 & 6 monih resCe £1071 .232 Page 11 ontinued...
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WELFARE FUND NOTES TO TIIE FINANCIAL STATEME]YTS - continued for the Year Ended 31 DECEMBER 2023 MOVEMENT IN FUNDS Net movement in funds Ai 31.12.23 Atl.1.23 Unrestrieled funds General fund 124,533 12,594 137,127 TOTAL FUNDS 124,533 12,594 137.127 Net movement in funds, included in the above are as follows: Jnconiing resources Resources expended Moveinent in funds Unrestricted fund$ General tund 28,713 (16,1191 12,594 TOTAL FIINDS 28.713 (16,119) 12,594 Comparatives for movement in (unds Nel movement in funds Ai 31.12.22 Ai 1.1.22 Unrestricted funds General lund 13,177 124,iii TOTAL FIINDS 113,777 10,756 124,533 Comparative net rnovemenl in funds. included in the above are as follows.. Incomin8 resources Resource5 expended Movement in funds Unrestricted funds General fund 31.127 (20,371) 10,756 TOTAL FUNDS 31.127 120.3711 10,756 Page 12 ontinued...
THE NATIONAL FEDERATION OF OCCUPATIONAL PENSIONERS WKLFARE FUND NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 DECEMBER 2023 ii. MOVEMENT IN FUNDS- Continued A currenl year 12 months and prior year 12 monihs combined position is as follows.. Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 113,777 23.350 137.127 TOTAL FU]YDS 113,777 23,350 137,127 A current year 12 months and prior year 12 months combined nel movement in funds. included in the above are as follows.. In¢oming resources Resources expended Movement in funds Unrestricted fund5 General fund 59,840 (36,490) 23.350 TOTAL FUNDS 59.840 136,4901 23.350 12. RELATED PARTY DISCLOSIIRES Durin&, Ilie year National Fed¢ralion of OcLupalional Pensioners Liiiiiled INFOPI, related by conimon key managen)eiil, donated Services lolalling £5,000 12022.. £5,000) conlprising of the use of oifice space and staff re50uri¢s. 13. GRANT COMMITMENTS Ai tl)e balance sheet dale, no non-binding ¢ommitnienls were made in respect of granls12022'. £858 one grant). Page 13