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|Contents||||||
|---|---|---|---|---|---|
||||||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||||||
|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 1OQ||||
|||||T C Young||||
|||||Melrose House, 69A George Street, Edinburgh,|||EH2 2JG|
|Custodian|Trustees|||Pershing
Securities||||
|||||Capstan
House, One Clove Crescent, London, E14 2BH||||
|||||(investments
forthe main unrestricted|fund)|||
|||||Fiske PLC||||
|||||100Wood Street, London,
EC2V 7AN||||
|||||(investments
for the TfLStaff Welfare|Fund)|||
|Investment||Managers||Casttefield
Investment
Partners
LLP||||
|||||9th Floor, 1't1 Piccadilly, Manchester,|M1 2HY|||
|||||(main unrestricted
fund)||||
|||||Fieldings
Investment
Management||||
|||||100Wood Street, London,
EC2V 7AN||||
|||||(TfLStaff Welfare Fund)||||
|Bankers||||Unity Trust Bank pic||||
|||||Nine Br(ndleyp(ace,
Birmingham,
B1 2HB||||
|||||(current account for the main unrestricted||fund)||
|||||CAF Bank Ltd||||
|||||25 Kings HiM Avenue,
Kings Hill, West|Mailing,||ME194JQ|
|||||(current account for the TfLStaff Welfare||Fund)||
|||||CCLA (COIF Charity
Funds)||||
|||||One Angel Lane, London,
EC4R 3AB||||
|||||(investment
house used for placing part ofthe|||reserve account|
|||||for the main, unrestricted,
fund)||||
|Accountants||and Auditors||Goldwins
Limited||||
|||||75Maygrove
Road, London,
NW6 2EG||||
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|agreed distribution
of|the inv|estments
is:||||
|---|---|---|---|---|---|
|Asset Class||Minimum|Ex osure %|Maximum|Ex osure%|
|UK Shares|||||50%|
|Global Shares|||20%||50K|
|Fixed Interest
Bonds|||||25%|
|Infrastructure
0 Pro|rt||0%||10%|
|Other Investments|||||20X|
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||||TBF|SWF|Total|Total|
|---|---|---|---|---|---|---|
|||Note|2023|2023|2023|2022|
||||f. '000|E'000|E '000|E '000|
|INCOME AND EXPENDITURE|||||||
|INCOME FROM|||||||
|Donations||3|3,818|-|3,818|4,074|
|Gift Aid on donations|||879|-|879|949|
|Investment.
income|||52|48|100|101|
|Total income|||4,749|48|4,797|5&124|
|EXPENDITURE ON|||||||
|Raising funds:|||||||
|Raising funds|||926|.|926|886|
|Investment
Management|costs|4|12|14|26|29|
|Charitable
activities||5|3,330|38|3,368|3,416|
|Total expenditure||7|4,268|52|4,320|4,331|
|Net income before net gains 7(losses) on
investments|||481|(4)|477|793|
|Net gains I (losses) on investments||8|(207)|(130)|(337)|79|
|Net movement
in funds|||274|(134)|140|872|
|Funds brought
forward|||5 234|1 877|7 111|6 239|
|Funds carried forward|||5 508|1 743|7 251|7111|
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||||TBF|SWF|TOTAL|TOTAL|
|---|---|---|---|---|---|---|
|||itote|2023|2023|2023|2022|
||||E '000|E '000|E '000|E '000|
|Fixed Assets|||||||
|Investments||8|3,589|1,655|5,244|5,034|
||||3,589|1,655|5,244|5,034|
|Current Assets|||||||
|Debtors||9|1,212|2|1,214|1,448|
|Cash at bank and in hand|||768|93|861|693|
||||1,980|95|2,075|2,141|
|Liabilities|||||||
|Amounts
failing due within|one year|10|(61)|(7)|(68)|(64)|
|Net Current Assets|||1,919|88|2,007|2,077|
|Total assets less current|liabilities||5,508|1,743|7,251|7,111|
|The funds ofthe charity||11,12|5,508|1,743|7,251|7p1f1|
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|||||||TBF|SWF|Total|Toto(|
|---|---|---|---|---|---|---|---|---|---|
||||||)Iote|2023
6 '000|2023
6 '000|2023
6 '000|2022
I '000|
|)Iet cash|provided
by / (used in) operating|||||||||
|activities|||||15|666|(51)|615|f42|
|Cash flows from investing||activities:||||||||
|Interest/|rent/
dividends|from investments||||52|48|100|fof|
|Proceeds|from sale of investments|||||248|21|269|f11|
|Purchase|ofinvestments|||||794|22|8'I6|129|
|Cash provided
by / (used||in) investing|activities|||494|47|447|83|
|Change in cash and cash||equivalents|in the year|||172|(4)|168|225|
|Cash and|cash equivalents|at the beginning||ofthe||||||
|year||||||596|97|693|468|
|Cash and|cash equivalents|at the end|ofthe year||16|768|93|861|693|
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|Salaries, Pensions|Salaries, Pensions|&||60Xcosts|ofgenerating|funds,|funds,|39X||
|---|---|---|---|---|---|---|---|---|---|
|Sodal Security costs||||charitable|activities, ig||governance||costs|
|Premises||||25X costs|af generating||funds,|73X|charitable|
|||||activities,|2Xgovernance||costs|||
|Information|Technology|||25X costs|af generating||funds,|75X|charitable|
|||||activities||||||
|Telecommunications|||and postage|49X costs|of generating||funds,|49X|charitable|
|activities,||||activities,|2X governance||costs|||
|Travel &subsistence||||98Xcasts|ofgenerating|funds,||2Xgovernance||
|||||casts||||||
|Deprecratfon|ofoNce||Equipment|25X costs|of generating||funds,|75X|charitable|
|||||activities||||||
|Otherexpenses||||33X costs|of generating||funds,|50X|charitable|
|||||activities,|17Xgovernance||costs|||
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|||TBF|SWF|Total|
|---|---|---|---|---|
|||2022|2022|2022|
|INCOME AHD EXPENDITURE||E '000|E'000|E'000|
|INCOME FROM|||||
|Donations
Gift Aid on donations
Investment
income||4,074
949
59|42|4,074
949
10'I|
|Total income||5,082|42|5,124|
|EXPEHDITURE ON|||||
|Raising funds:|||||
|Raising funds
Investment
Management
Chadtable
activities|costs|886
12
3,386|17
30|886
29
3,416|
|Tote(expenditure||4,284|47|4,331|
|Het income/(expenditure)
investments|before nat gains on|798|(5)|793|
|Net gains on investments||49|30|79|
|Net income||847|25|872|
|Funds brought
forward||4,387|1,852|6,239|
|Funds carried forward||5 234|1 877|7 111|
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||E|
|---|---|
|Charities
Aid Foundation|90|
|Euston Rail Service Co'llection|222|
|M Goulder|200|
|M P Chaplin|200|
|Personnel
and Financial Consultancy|50|
|RailStaff Awards|3,446|
|TFL - Carol Service|147|
|Just Giving|409|
|Donations
from QMembers|897|
||5,661|
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|Raising fu|nds||||||||
|---|---|---|---|---|---|---|---|---|
||||||TSF|SWF|TOTAL|TOTAL|
||||||2023|2023|2023|2022|
||||||E '000|E '000|E 'DDD|E '000|
|Saiaries, Pensions,||Social Security|||650||650|641|
|Premises|||||34||34|40|
|Information|Technology||||28||28|33|
|Telecommunications||and|Postage||21||21|24|
|Travel and|subsistence||||37||37|20|
|Publicity|||||114||114|64|
|Otherexpenses|||||33||33|53|
|Governance|costs (note 6)||||9||9|11|
|Costs ofgenerating||voluntary||income|926|-|926|886|
|Investment|management||costs||12|14|26|29|
|Total cost|ofgenerating||funds||938|14|952|915|
|See also Note 7.|||||||||
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|Charitable
Activities|||||||
|---|---|---|---|---|---|---|
||||TBF|SWF|TOTAL|TOTAL|
||||2023|2023|2023|2022|
||||E '000|E '000|E '000|E '000|
|Hardship
grants for beneficiaries||by Lacal|||||
|Committees|||[334]||334|332|
|(Na. ofgrants: 1,523) (2022: 1,575)|||||||
|Hardship
grants for beneficiades||by the trustees|[397]|15|397|388|
|(No. ofTBFgrants: 1,785) (2022:||1,684)|||||
|(No. of SWF grants: 27) (2022: Z4)|||||||
|Grants for beneficiaries
for medical equipment|||||||
|and aids|||[32]|2|32|33|
|(No. ofTBFgrants: 122) (2022:|110)||||||
|(No. of SWFgrants: 2) (2022: 5)|||||||
|Grants to beneficiaries
towards|respite care||||||
|expenses|||||||
|(No. ofTBFgrants: 0) (2022: 1)|||||||
|(No. of SWF grants: 0) (2022: 0)|||||||
|Casts in support of grant making|||196||196|209|
|Total cost of grant
making|||959|17|959|964|
|Provision of convalescence|||[64]|7|64|66|
|(No ofTBFcases: 71)(2022: 62)|||||||
|(No. ofSWFcases: 10)(20Z2: 12)|||||||
|Provision of recuperation|||[15]|5|15|17|
|(No ofTBFcases: 29) (2022: 26)|||||||
|(No. ofSWFcases: 9) (2022:0)|||||||
|Medica( treatments
and consultations|||[1,769]|9|1,769|1,786|
|Legal assistance|||[11]||11|10|
|Debt relief|||[1]||1|1|
|Medical equipment
associated costs|||H|||1|
|Costs in support ofthe provision|of services||479||479|528|
|Total cost ofthe provision of services|||2,339|21|2,339|2,409|
|Total|||3,298|38|3,336|3,373|
|Governance
costs {note 6)|||32|-|32|43|
|Total cost af charitable
activities|||3 330|38|3 368|3416|
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|Governance
Costs|||||
|---|---|---|---|---|
||TBF|SWF|TOTAL|TOTAL|
||2023|2023|2023|2022|
||f.'000|E '000|E '000|E '000|
|Audit fees|7||7|8|
|Staff costs|11||11|11|
|Premises|3||3|3|
|Telecoms and postage|1||1|1|
|Travel and subsistence|1||1||
|Other expenses|18||18|30|
|Total cost ofgovernance|41||41|54|
|Allocated to raising funds
Allocated to charitable|||(9)|(ff)|
|activities|32||32|43|
|Total|||||
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|Unrestric|ted
fund||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||information|To!acorns||Traveland||||
|||Staff Costs
2023|Premises
2023|Technology
2D23|and postage
2023||Subsistence
2023||Publicity
2023||
|||E'000|E'DDD|E'DDD||E'DM||E'000||E'MD|
|Raising funds (Nate 4)||650|34|28||21||37||114|
|Charitable|activities||||||||||
|(Note 5)||||83||21|||||
|Governance|costs (Note||||||||||
|6)|||||||||||
|||1 DB3|f36|||43||38||114|
|||||Grants|||||||
|||Investment|Audit and|and|Other||Re-||||
|||lkanagomont
2023|legal advice
2023|sorvkos
2023|expenses
2023|ogocstlon
2023||Tots I
2023||Total
2022|
|||E'IMD|E'ODD|E'000|E'000||E'000|E'000||E'DDD|
|Raising funds (Hoto 4)||12|||33||9|938||898|
|Charitable|Activities||||||||||
|(Note 5)
Governance|costs|||2,623|||32|3,330||3,386|
|(Note 6)|||7||18||(4'I)||||
|||12|7|2623|101|||4268||4284|
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|Staff Costs|||
|---|---|---|
||2023|2022|
||E'000|E'000|
|Salaries|930|930|
|Social Security|101|91|
|Staff pensions|52|48|
||1 009|1009|
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|||2023|2022|
|---|---|---|---|
|||No.|Ho.|
|Raising funds||9|10|
|Charitable|activities|9|9|
|Support||4|4|
|Governance||1|1|
|||23||
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|Fixed Assets|- Investments||||||
|---|---|---|---|---|---|---|
||||TBF|SWF|TOTAL|TOTAL|
||||2023|2023|2023|2022|
||||E '000|E '000|E'000|E '000|
|Market Value|at the beginning|of the year|3,250|1,784|5,034|4,937|
|Add: Additions|at cost||794|22|816|129|
|Less: Disposals
Net movement|at market value
on portfolio||(248)
(207)|(21)
(130)|(269)
(337)|(111)
79|
|Market Value|ofsecurities at|the end ofthe year|3 589|1 655|5 244|5 034|
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|Fund|||Value E|Percenta|
|---|---|---|---|---|
|CFP Castlefields|FD CFP Castlefietds|Sust UK0|1 000 279|28X|
|CFP Castlefields|FD CFP Castlefields|Real Rtn Gn|381 037|11X|
|First Sentier Inv|Sl WWIDE Sust 8CBP Dis||346 551|'IOX|
|CFP Castlefield|FD CFP Castlefield|Sust Eur|344 805|1OX|
|FP Wheb Ast M|t FD FP Wheb Sust FD 8Acc||309464||
|CFP Castlefield|FD CFP Castlefield|Sust UK SML|271 460||
|Liontrust
Sust Futr GBLGTH 2|||201 062||
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|9.|Debtors|||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||TBF|SWF|TOTAL|TOTAL|
|||||||2023|2023|2023|2022|
|||||||E '000|E '000|E '000|f '000|
||Prepayments||and other||debtors|141|-|141|I01|
||Tax recoverable|||on subscriptions||888|-|888|1,120|
||Subscrlptions||not yet received|||183|-|183|223|
||Loans advanced|||to beneficiaries|||2|2|4|
|||||||1 212|2|1 214|1448|
|10.|Liabilities:|Amounts|||falling due within one year|||||
|||||||TBF|SWF|TOTAL|TOTAL|
|||||||2023|2023|2023|2022|
|||||||E '000|E '000|E '000|f '000|
||Audit fees|||||7||7|7|
||Staff costs|||||24||24|24|
||Other|||||30|7|37|33|
|||||||61|7|68|64|
|11.|Transport|Benevolent|||Fund (Unrestricted)|||||
|||||||||2023|2022|
|||||||||E '000|f '000|
||Brought forward|||||||5,234|4,387|
||Surplus for the year|||||||274|847|
||Balance as at||the|end ofthe year||||5 555|5234|
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|TfLSt|aff Welfare Fund (Restricted)|||
|---|---|---|---|
|||2023|2022|
|||E '000|f '000|
|Brought|forward|1,877|1,852|
|Surplus|I (loss) for the year|~134|35|
|Balance|as at the end ofthe year|1 343|1833|
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|
expenure
activities|o ne c|s flow|from o|perating|
|---|---|---|---|---|
||TBF|SWF|Total|Total|
|Net income /(expenditure)
for the reporting
period
(as per the statement
offinancial activities)|2023
f, '000
274|2023
E '000
(134)|2023
E '000
140|2022
f '000
872|
|Interest, rent and dividends
from investments
(Gains)/ lasses on investments
(Increase)/ decrease in debtors
Increase/
(decrease) in creditors|(52)
207
232
5|(48)
130
2
1|(100)
337
234
4|(10f)
(79)
(543)|
|Net cash provided
by / (used in) operating
activities|666|51|615|f42|
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|||TBF|SWF|Total|Toto(|
|---|---|---|---|---|---|
|||2023|2023|2023|2022|
|||E '000|E '000|E '000|E'000|
|Cash|at bank and in hand|768|93|861|693|
|Total|cash and cash equivalents|768|93|861|693|
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