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|||||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|
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|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|||||
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|||||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.||||||
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|||||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|
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||||||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|
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|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|||
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|||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|
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|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|
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|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|
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|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|||||||
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|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|
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|||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|
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|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|
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|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%|
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|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|
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|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|
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|||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|
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|||||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|
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