| Page | ||||
|---|---|---|---|---|
| Reference and administrative | information | |||
| Trustees' annual report |
||||
| Independent | auditors' report |
26 | ||
| Statement of |
financial activities | 30 | ||
| (incorporating | an income and | expenditure | account) | |
| Balance sheet | 31 | |||
| Statement of | cash flows | 32 | ||
| Notes to the financial statements |
33 |
| 6. Other | relevant | relevant | organisations | organisations | ||||
|---|---|---|---|---|---|---|---|---|
| Solicitors | Taylor Rose MW | |||||||
| 104South End, South Croydon, CRO 1DQ |
||||||||
| T C Young | ||||||||
| Melrose House, 69A George Street, Edinburgh, | EH2 2JG | |||||||
| Custodian | Trustees | Pershing Securities | ||||||
| Capstan House, One Clove Crescent, |
London, | E142BH | ||||||
| (investments for the main unrestricted |
fund) | |||||||
| Fiske PLC | ||||||||
| Salisbury House, London Wall, London, |
EC2M | 5QS (to 30.11.21) | ||||||
| (investments for the TfL Staff Welfare |
Fund) | |||||||
| Fiske PLC | ||||||||
| 100Wood Street, London, EC2V 7AN |
(from | 01.12.21) | ||||||
| (investments for the TfL Staff Welfare |
Fund) | |||||||
| Investment | Managers | Castlefield Investment Partners LLP |
||||||
| 9th Floor, 111Piccadilly, Manchester, | M1 2HY | |||||||
| (main unrestricted fund) |
||||||||
| Fieldings Investment Management |
||||||||
| Salisbury House, London Wall, London, |
EC2M 5QS (to 30.11.21) | |||||||
| (TfL Staff Welfare Fund) | ||||||||
| Fieldings Investment Management |
||||||||
| 100Wood Street, London, EC2V 7AN |
(from | 01.12.21) | ||||||
| (TfL Staff Welfare Fund) | ||||||||
| Bankers | Unity Trust Bank pic | |||||||
| Nine Brindleyplace, Birmingham, B1 |
2HB | |||||||
| (current account for the main unrestricted | fund) | |||||||
| CAF Bank Ltd | ||||||||
| 25 Kings Hill Avenue, Kings Hill, West |
Mailing, | ME194JQ | ||||||
| (current account for the TfL Staff Welfare | Fund) | |||||||
| Accountants | and Auditors | Go(dwins Limited |
||||||
| 75Maygrove Road, London, NW6 2EG |
| TBF | SWF | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2021 | |||
| E '000 | E'000 | E '000 | E '000 | ||||
| INCOME AND EXPENDITURE | |||||||
| INCOME FROM | |||||||
| Donations | 3 | 4,074 | - | 4,074 | 3,695 | ||
| Gift Aid on donations | 949 | - | 949 | 808 | |||
| Investment income |
59 | 42 | 101 | 72 | |||
| Totaiincome | 5,082 | 42 | 5,124 | 4,575 | |||
| EXPENDITURE ON | |||||||
| Raising funds: | |||||||
| Raising funds | 4 | 886 | - | 886 | 831 | ||
| Investment Management |
costs | 4 | 12 | 17 | 29 | 24 | |
| Charitable activities |
5 | 3,386 | 30 | 3,416 | 2,780 | ||
| Total expenditure | 7 | 4,284 | 47 | 4,331 | 3,635 | ||
| Net income/(expenditure) | before net gains | ||||||
| on investments | 798 | (5) | 793 | 940 | |||
| Net gains on investments | 49 | 30 | 79 | 1,069 | |||
| Net income | 847 | 25 | 872 | 2,009 | |||
| Funds brought forward |
4,387 | 1,852 | 6,239 | 4,230 | |||
| Funds carried forward | 5,234 | 1,877 | 7,111 | 6,239 | |||
| The attached notes form part |
of these accounts. |
| TBF | SWF | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2021 | |||
| E '000 | E '000 | E '000 | E '000 | ||||
| Fixed Assets | |||||||
| Investments | 8 | 3,250 | 1,784 | 5,034 | 4,937 | ||
| 3,250 | 1,784 | 5,034 | 4,937 | ||||
| Current Assets |
|||||||
| Debtors | 9 | 1,444 | 4 | 1,448 | 904 | ||
| Cash at bank | and in hand | 596 | 97 | 693 | 468 | ||
| 2,040 | 101 | 2,141 | 1,372 | ||||
| Liabilities | |||||||
| Amounts falling due within |
one period | 10 | (56) | (8) | (64) | (70) | |
| Net Current | Assets | 1,984 | 93 | 2,077 | 1,302 | ||
| Total Net Assets | 5,234 | 1,877 | 7,111 | 6,239 | |||
| The Funds ofthe Charity | 11,12 | 5,234 | 1,877 | 7,111 | 6,239 |
| TBF | SWF | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Note | 2022 | 2022 | 2022 | 2021 | ||||
| E '000 | E'000 | E'000 | E '000 | |||||
| Net cash provided by / (used in) operating |
||||||||
| activities | 15 | 185 | (43) | 142 | 701 | |||
| Cash flows from investing | activities: | |||||||
| Interest/dividends from investments |
59 | 42 | 101 | 72 | ||||
| Proceeds from sales of investments | 111 | 111 | 877 | |||||
| Purchases of investments | ~20 | ~109 | ~129 | ~1519 | ||||
| Cash provided by / (used |
in) investing | activities | 39 | 44 | 83 | ~570 | ||
| Change in cash and cash | equivalents | in the year | 224 | 1 | 225 | 131 | ||
| Cash and cash equivalents | at the beginning | of the | ||||||
| year | 372 | 96 | 468 | 33i | ||||
| Cash and cash equivalents | at the end | ofthe year | 16 | 596 | 97 | 693 | 46l |
| Salaries, Pensions | Salaries, Pensions | Et | 60%costs | of generating | funds, | 39/. |
|---|---|---|---|---|---|---|
| Social Security costs | charitable | activities, 1%governance costs |
||||
| Premises | 25%costs | of generating | funds, | 73%charitable | ||
| activities, | 2% governance costs |
|||||
| Information | Technology | 25% costs | of generating | funds, | 75% charitable | |
| activities | ||||||
| Telecommunications | and postage | 49% costs | of generating | funds, | 49% charitable | |
| activities, | activities, | 2%governance | costs | |||
| Travel Et subsistence |
98%costs | of generating | funds, | 2/. governance | ||
| costs | ||||||
| Depreciation | ofoffice Equipment | 25% costs | of generating | funds, | 75% charitable | |
| activities | ||||||
| Other expenses | 33%costs | of generating | funds, | 50%charitable | ||
| activities, | 17%governance costs |
| TBF | SWF | Total | ||
|---|---|---|---|---|
| 2021 | 2021 | 2021 | ||
| E '000 | E'000 | E '000 | ||
| INCOME AND EXPENDITURE | ||||
| INCOME FROM | ||||
| Donations | 3,695 | 3,695 | ||
| Gift Aid on donations | 808 | 808 | ||
| Investment income |
29 | 43 | 72 | |
| Total income | 4,532 | 43 | 4,575 | |
| EXPENDITURE ON | ||||
| Raising funds: | ||||
| Raising funds | 831 | 831 | ||
| Investment Management |
costs | 10 | 14 | 24 |
| Charitable activities |
2,767 | 13 | 2,780 | |
| Totai expenditure | 3,608 | 27 | 3,635 | |
| Net income before net gains on investments | 924 | 16 | 940 | |
| Net gains on investments | 554 | 515 | 1,069 | |
| Net movement in funds |
1,478 | 531 | 2,009 | |
| Funds brought forward |
2,909 | 1,321 | 4,230 | |
| Funds carried forward | 4,387 | 1,852 | 6,239 |
| E | ||
|---|---|---|
| A Segrove | 50 | |
| D Fletcher | 120 | |
| D Green | 50 | |
| D Malcolm | 50 | |
| Innit Innovations | 1,500 | |
| Joan Walker | 10 | |
| 5 Osgood | 10 | |
| TFL — Festival of Carols Collection | 126 | |
| Virgin Money Giving | 50 | |
| Angie Mee | 20 | |
| Donations | from QMembers | 1,075 |
| D Neslen | 10 | |
| J Fluxman | 30 | |
| K Cook | 10 | |
| M Severin | 20 | |
| Jamie Cooper | 14 | |
| Just Giving | 44 | |
| 3,189 |
| Raising fu | nds | |||||||
|---|---|---|---|---|---|---|---|---|
| TBF | SWF | TOTAL | TOTAL | |||||
| 2022 | 2022 | 2022 | 2021 | |||||
| E '000 | E '000 | E '000 | E 'MO | |||||
| Salaries, Pensions, | Social | Security | 641 | 641 | 637 | |||
| Premises | 40 | 40 | 36 | |||||
| Information | Technology | 33 | 33 | 18 | ||||
| Telecommunications | and | Postage | 24 | 24 | 22 | |||
| Travel and | subsistence | 20 | 20 | 2 | ||||
| Publicity | 64 | 64 | 76 | |||||
| Other expenses | 53 | 53 | 31 | |||||
| Investment | management | costs | 12 | 17 | 29 | 24 | ||
| Costs ofgenerating | voluntary | income | 887 | 17 | 904 | 846 | ||
| Governance | costs | (note | 6) | |||||
| Total cost ofgenerating | funds | 898 | 17 | 915 | 855 |
| Charitable Activities |
||||||
|---|---|---|---|---|---|---|
| TBF | SWF | TOTAL | TOTAL | |||
| 2022 | 2022 | 2022 | 2021 | |||
| E | ||||||
| E '000 | '000 | E '000 | E '000 | |||
| Hardship grants for beneficiaries |
by Local Committees | [332] | - | 332 | 311 | |
| (No. ofgrants: 1,575) (2021:1,653) | ||||||
| Hardship grants for beneficiaries |
by the trustees | [379] | 9 | 388 | 315 | |
| (No. ofTBFgrants: 1,684) (2021:1,532) | ||||||
| (No. of SWF grants: 24) (2021:28) | ||||||
| Grants for beneficiaries for medical equipment |
and aids | [28] | 5 | 33 | 18 | |
| (No. ofTBFgrants: 110)(2021:86) | ||||||
| (No. of SWF grants: 5) (2021:3) | ||||||
| Grants to beneficiaries towards |
respite care expenses | [2] | ||||
| (No. ofTBFgrants: 1)(2021:0) | ||||||
| (No. of SWF grants: 0) (2021:0) | ||||||
| Costs in support of grant making | 209 | 209 | 195 | |||
| Total cost of grant making |
950 | 14 | 964 | 839 | ||
| Provision of convalescence | [52] | 14 | 66 | 23 | ||
| (No ofTBFcases: 62) (2021:20) | ||||||
| (No. of SWF cases: 12)(2021:3) | ||||||
| Provision of recuperation | [17] | 17 | 10 | |||
| (No ofTBFcases: 26) (2021:8) | ||||||
| (No. of SWFcases: 0) (2021: 1) | ||||||
| Medical treatments and consultations |
[1,784] | 2 | 1,786 | 1,414 | ||
| Legal assistance | [10] | - | 10 | 14 | ||
| Debt relief | [1] | - | 1 | 1 | ||
| Medical equipment associated costs |
[1] | - | 1 | |||
| Costs in support ofthe provision | of services | 528 | 528 | 448 | ||
| Total cost of the provision of services |
2,393 | 16 | 2,409 | 1,910 | ||
| Total | 3,343 | 3,373 | 2,749 | |||
| Governance cost:s (note 6) |
43 | - | 43 | 31 | ||
| Total cost of charitable activities |
3,386 | 30 | 3,416 | 2,780 |
| 6. | Governance | Costs | |||||
|---|---|---|---|---|---|---|---|
| TBF | SWF | TOTAL | TOTAL | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E '000 | E '000 | E '000 | f '000 | ||||
| Audit fees | 8 | 8 | 8 | ||||
| Legal advice to the charity | 2 | ||||||
| Staff costs | 11 | 11 | 10 | ||||
| Premises | 3 | 3 | 3 | ||||
| Telecoms and | postage | 1 | 1 | 1 | |||
| Travel and subsistence | 1 | 1 | |||||
| Other expenses | 30 | 30 | 1( | ||||
| Totalcost ofgovernance | 54 | 54 | 40 | ||||
| Allocated to raising funds | (11) | (11) | (9) | ||||
| Allocated to charitable | activities | ~43 | ~43 | ~31 | |||
| Total |
| Unrestric | ted | fund | ||||||
|---|---|---|---|---|---|---|---|---|
| Telecoms | ||||||||
| Information | and | Traveland | ||||||
| Staff Costs | Premises | Technology | postage | Subsistence | Publicity | |||
| 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | |||
| E'000 | f'000 | E'000 | E'000 | E'000 | E'000 | |||
| Raising | funds | |||||||
| (Note 4) | 33 | 24 | 20 | 64 | ||||
| Charitable | ||||||||
| activities | (Note 5) | 417 | 117 | 100 | 24 | |||
| Governance | costs | |||||||
| (Note 6) | ||||||||
| 1,069 | 160 | 133 | 49 | 21 | 64 |
| Audit | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| and | |||||||||
| Investment | legal | Grants and | Other | Re- | |||||
| Management | advice | services | expenses | allocation | Total | Total | |||
| 2022 E'000 |
2022 f'000 |
2022 E'000 |
2022 E'000 |
2022 E'000 |
2022 E'000 |
2021 f'000 |
|||
| Raising | funds | ||||||||
| (Note 4) | 12 | 53 | 898 | 841 | |||||
| Charitable | |||||||||
| Activities | (Note 5) | 2,606 | 79 | 43 | 3,386 | 2,767 | |||
| Governance | costs | ||||||||
| (Note 6) | 30 | (54) | |||||||
| 12 | 8 | 2,606 | 162 | 4,284 | 3,608 |
| 2022 | 2021 | ||
|---|---|---|---|
| E'000 | '000 | ||
| Grants and | services | 30 | 13 |
| Investment | Management | 17 | 14 |
| 47 | 27 |
| Staff Costs | ||
|---|---|---|
| 2022 | 2021 | |
| E'000 | E'000 | |
| Salaries | 930 | 909 |
| Social Security | 91 | 91 |
| Staff pensions | 48 | 61 |
| 1 069 | 1 061 |
| 2022 | 2021 | ||
|---|---|---|---|
| No. | No. | ||
| Raising funds | 10 | 10 | |
| Charitable | activities | 9 | 9 |
| Support | 4 | 3 | |
| Governance | 1 | 1 | |
| 24 | 23 |
| Fixed Assets | - Investments | |||||
|---|---|---|---|---|---|---|
| TBF | SWF | TOTAL | TOTAL | |||
| 2022 | 2022 | 2022 | 2021 | |||
| E '000 | E '000 | E '000 | E 'OOO | |||
| Market Value | at the beginning | of the year | 3,181 | 1,756 | 4,937 | 3,226 |
| Add: Additions | at cost | 20 | 109 | 129 | 1,519 | |
| Less: Disposals | at market value | (111) | (111) | (877) | ||
| Net movement | on portfolio | 49 | 30 | 79 | 1,069 | |
| Market Value | ofsecurities at | the end ofthe year | 3,250 | 1,784 | 5,034 | 4,937 |
| Fund | Value E | Percentage | ||
|---|---|---|---|---|
| Conbrio | FD PTN Ltd CFP | Castlefield Best Sust UK Opps |
920,488 | 28.33% |
| Conbrio | FD PTN Ltd CFP | Castlefield Real Return |
648,087 | 19.94% |
| First Sentier Invr Stewart | Inv WWIDE Sustain | 279,610 | 8.60% | |
| Conbrio | FD PTN LTD CFP | CFLD Best Sust Eurp Gen | 227,718 | 7.0% |
| Fundrock | Ptnrs Ltd FWheb Sust BGBP Acc | 216,942 | 6.66% |
| 9. | Debtors | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| TBF | SWF | TOTAL | TOTAL | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| E '000 | E '000 | E '000 | E '000 | ||||||
| Prepayments | and | other debtors | 101 | 101 | 106 | ||||
| Tax recoverable | on subscriptions | 1,120 | 1,120 | 592 | |||||
| Subscriptions | not | yet received | 223 | 223 | 199 | ||||
| Loans advanced | to beneficiaries | 4 | 4 | 7 | |||||
| 1,444 | 4 | 1,448 | 904 | ||||||
| 10. | Liabilities: | Amounts | fa((ing due within | one year | |||||
| TBF | SWF | TOTAL | TOTAL | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| E '000 | E '000 | E '000 | E '000 | ||||||
| Audit fees | 7 | 7 | 7 | ||||||
| Staff costs | 24 | 24 | 23 | ||||||
| Other | 25 | 8 | 33 | 40 | |||||
| 8 | 64 | 70 | |||||||
| 11. | Transport | Benevolent Fund Account (Unrestricted) |
|||||||
| 2022 | 2021 | ||||||||
| E '000 | E '000 | ||||||||
| Brought forward | 4,387 | 2,909 | |||||||
| Surplus / (loss) |
for the | period | 847 | 1,478 | |||||
| Balance as at the | end | ofthe year | 8 234 | 4 383 |
| TfL Sta | ff Welfare Fund (Restricted) | ||
|---|---|---|---|
| 2022 | 2021 | ||
| E '000 | E '000 | ||
| Brought | forward | 1,852 | 1,321 |
| Surplus | / (loss) for the period | 25 | 531 |
| Balance | as at the end ofthe year | 1 877 | 1 852 |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| 2022 | 2022 | 2022 | ||
| E '000 | E '000 | E '000 | ||
| Fixed assets | 3,250 | 1,784 | 5,034 | |
| Net Current | Assets | 1,984 | 93 | 2,077 |
| Total | 5,234 | 1,877 | 7,111 | |
| Previous year | ||||
| Unrestricted | Restricted | Total | ||
| 2022 | 2022 | 2022 | ||
| E '000 | E '000 | E '000 | ||
| Fixed assets | 3,198 | 1,739 | 4,937 | |
| Net Current | Assets | 1,189 | 113 | 1,302 |
| Total | 4,387 | 1,852 | 6,239 |
| TBF | SWF | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2022 | 2022 | 2021 | ||||
| E'000 | E'000 | E '000 | E '000 | ||||
| Net income / (expenditure) | forthe reporting | ||||||
| period | 847 | 25 | 872 | 2,009 | |||
| (as per the statement offinancial activities) |
|||||||
| Interest, | rent and dividends | from investments | (59) | (42) | (101) | (72) | |
| (Gains)/ | losses on investments | (49) | (30) | (79) | (1,069) | ||
| (Increase) / decrease in debtors |
(547) | 4 | (543) | (171) | |||
| Increase/ | (decrease) in creditors | (7) | (7) | 4 | |||
| Net cash | provided by / (used |
in) operating | |||||
| activities | 185 | (43) | 142 | 701 | |||
| Analysis | of cash and cash | equivalents | |||||
| TBF | SWF | Total | Total | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E '000 | E'000 | E'000 | E'000 | ||||
| Cash at bank and in hand | 596 | 97 | 693 | 468 | |||
| Total cash and cash equivalents | 596 | 97 | 693 | 468 |