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 resC￿e £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