UNITE THF UNION BENEVOLEI NT fuND CHARITY NUMBIR: 228567 REI PORT AND ACCOUN'fs FOR THE YEAR NDEI D 31 Dri CFMBfR 2023
UNITLI THI UNION BENFVOLKNT fiUND YEAR TO 31 DE¢ CEI MBIR 2023 INDEI X Pages 1-2 Ti'iistees Annual Report Page 3 Receipts and Payments Accoiint Page 4 Statement of Assets and Liabilities Page 5 Indepeiident Examincr's Report
UNITE THE UNION BENII VOLEI NT FUND TRUSTECIS, ANNUAL REPORT FOR THE YEAR EINDEI D 31 DECIMBER 2023 Knti'oduction Thc Unite thc Uiiion Bciievolent flind was formed from the UNIFI Benevolent Flind iii Noveinbei. 2007. Thc Flind is pi'iinai'ily foi. tlie benefit of mcmbers and staff of Unite tlie Uiiion. The new Constitution and clian&Te of name were appi'oved by the Cliarity Coinmission. The receipts and payments account on page 3 and the statement of asscts and liabilities on pagc 4 have been exainined by the Indepeiident Exainineis, Francis Clark LLP. Refcrence and adminlstration Ilctails Charity name.. Unite the Union Beiievolent Fund Registeird Chai'ity numbei.: 228567 Principal address: Unite Hoiise 128 Theobald's Road City of Loiidoii WCIX8TN Bankers Unity Trust Bank Trustees Mi's Margai'et Hazell Mi. Tim l-lai'pei. (Chair) Mr Steplien Skinner (Secretary) Sti'uctui'e Governancc And Management The Chai'ity is govci'ned by the CoiistitLltion and I'egulations dated December 1964 as atnendcd I l April 1979. 12 March 1991, 17 Mai'ch 1998 aiid 15 Novembei. 2007. Trustees are appointed and IEmoved by thc Joint Executive Commiltee (or any equivalent successor body). TheiE were seven meetings of the Trustees in 2023. Objectives and actlvities The objects of the Charity are: A. To provide benefits to members or employees or ex-employees of Unite the Union or any successor union (liereinafter refei'red to as 'the Union,) or their dependents, who may be in distressed circumstances. B. To consider applications fi'om the piiblic whether mcmbers of tlie Union or not, at the disci'etion of the Fund. C. To make monetary grants or donations or render other assistance to any institution or association which can also render benefits of assistancc to distressed persons as more specifically referred to in claus¢s A or B above. The main activity in relation to these objects is the payment of gi'ants to beneficiai'ies.
UNITI THI UNION BINEI VOLFNT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DEI CEMBER 2023 Public benefit The TrLlStccs havc given diic regard to piiblic benefit when planning the Charity's activities, in accordaiice with the Chai'ity Cominission's Guidancc 011 Public Benefit. I'lie Ti'ustees Anniial Repoi't sets out our activities, achievemcnts and pei'fforinance dLlI'ing the year, wliich al'e directly I'elated to Ilie objects and pui'poses for wliicli thc Cliai'ity exists. Tlie Cliai'ity achicvcs its principal objecls and piii'poscs tliroiigh pi'ovidiijg fiiiancial lielp foi. people connected to Uiiitc tlie Union who Inay be in distrcssed cii'ciiinstnnccs. These benefits are dii'ectly Irlated to tlie aims of the Charity and are fully compliaIit witli tlic Char'ity Coininission Guidance oli Public Benefit. Applicaiits lThe niimbcr of applications during the year was 235 (2022.. 322). Financial revieiv Income to the fiiiid is dei'ived fi'oin tlie Unioii's I,otteiy and thc Charity's iiivestinciits siipplcinciited by a sinall nuinbei. of ad lioc donations. Receipts foi, tlic ycar totalled £166,399 (2022.. £107,903) incliidin8 £61,227 (2022., £39,923) in lotteiy donations. Payinents totalled £133,201 (2022: £111,293) of which £65,055 (2022: £91,961) was paid out in gi?nts to beiieficiai'ies and £60,107 (2022.. £14.347) r¢lated to purcliase of assets rctained foi. investment piirposes. Net Irceipts were £33,198 (2022.. Net payments £3,390). The resti'icted funds balance of £54,657 is in respect of the Jack Laity beqLiest to the UNifi Branch Bi'istol & Avon for the beiiefit of theii. members. LfNIFI used this Inoii¢y to eslablish the Paliliiic Oritz FLiiid and si)cnt £21 k of tlie oi'iginal beqiicst. Thc balance was held by AMICUS for seven yea13 and was finally transfei'red into tliis chai'ity in eai'ly 2012. The Ti'ustees al'e inonitoi'ing closely the iinpact that the curi'ent econom ic and political enviiDninent may have on the Charity's dividend income and believe thc shoit to medium term impact on liquidity will iiot atT¢ct the ability ofthe Charity to fulfil its aims and commitmeiits. Reserves The Funds, Triistees are of tlie opinion tliat iincommitted i'esei'ves should be kept to a Ininiinum. Howcvci., thoiigh thc Bencvoleiit Fund is anxious to fulfil this, it is still mindful to distribute all monies reccivcd only to tlie Inosi deseiving applicants. Declaration Approved by the Tiustees on 04 September 2024 and signed on their behalf by: Steph Truste er cretary Tim Chair aer ands
UNITE THE UNION BEI VOLLNT FUND RII CEIPTS AND PAYMEI NTS ACCOUNT FOR THf YEI AR ENDfiD 31 DECEMBER 2023 2023 Unrestrlcted Restrlcted 2022 Total Funds Total RECEIPTS Income Recelpts Sundry Donatlons {Including Lottery) Bank Interest Dividends Investments Sold Mlscellaneous 61,866 61,866 45,759 io 40,908 21,202 24 39,566 64,871 91 39,566 64,871 91 TOTAL RECEIPTS 166,399 166,399 107,903 PAYMENTS Direct Cha ritable Expend iture Grants to Beneficia ries Other Expendlture Independent Ex8miner's F8es Bankcharges Trustees, Expenses Addition81 Investment Management Fees 65,055 65,055 91,961 1,860 29 1,860 29 1,698 130 230 14,347 2,927 60,107 6,150 60,107 6,150 TOTAL PAYMENTS 133,201 133,201 111,293 Net RecelptsllPayments) before Transfers 33,198 33,198 13,3901 TRANSFER BETWEEN FUNDS NET RECEIPTSIIPAYMENTS) FOR TH E YEAR 33,198 33,198 13,3901 CASH FUNDS BROUGHTFORWARD 6,498 54,657 61,155 64,545 CASH FUNDS CARRIED FORWARD 39,696 54,657 94,353 61,155
UNITE THE UNION BEI NEI VOLII NT FUND STATEMENT OF ASSEI TS AND LIABILITIEI S AS AT 31 DECEMBII R2023 2023 Unrestrlcted Restrlcted 2022 Total Funds Total MONETARY ASSETS Bankand Cash Balances Cash In Bank National Savings deposlt IncomeBond 36,696 54,657 91,353 58,155 3,000 3,000 3,000 39,696 54,657 94,353 61,155 NON-MONETARY ASSETS Held f or Investment purposes {In the lolnt name3 of the Trustees) Investments: Managed Funds ImarketV81ue) Redm8yne Bentlay Managed Fund M&G Investment Fund Columbla Thr88dneedle Managed Funds 574.242 254.374 121,900 574,242 254,374 121,900 568,816 259.279 115,186 950,516 950,516 943,281 NET ASSETS 990,212 54.657 1,044,869 1,004,436 The accounts on p8ges 3 to 4 were gpproved bytheTrustees on 04 September 2024 and slgned on their behalf by.. TIMH Chair or Secretary
UNITE THE UNION BEI NEI VOLEI NT FItND INDfi PEI NDENT EI XAMINEI R'S REI POIIT YEI AR ENDEI D 31 Dll CEMBER 2023 Indepcndciit Examiiiei"'s Report to the TR'UStees of Uiiite the Uilion Benevoleiit fiuii(I I I'epoi't to the ti'ustees on iny examination of the accouiits of the Uiiite tlie Union Benevolent Fund (tlie Ti'iist) foi. the ycai. ended 31 Dcceinbei. 2023. Responsibilities and basis of report As the charity trustees of the Triist you al'e responsible for tlie pi'epai'ation of tlie accoiints in accordance witli tlie I'cqiiii'emciits of the Cliai'ities Act 2011 ('tlie Act,). I repoit in respect of Iny exainiIiatioii of the Ti'LlSt's accounls cari'icd out undei. section 145 of tlic 2011 Act aiid in cai'iyiiig OLIt my cxainiiiatioii I liave followed all tlie applicable Directioiis given by tlie Chai'ity Coininissioii LindeI' seclioii 145(5)(b) of the Acl, Indepeiident examiiier's statement I havc coinpleted Iny exainination. I confirm that no m&terial malters have come to Iny attention in connectioii witli the examination giving Ine caiise to belicve that iii any Inatei'ial respect: accoLlllting records were not kept in itspect of the Triist as I'equii'ed by sectioii 130 of the Act. or 2. tlie accounts do not accord with those i'ecoi'ds. I have no conceim5 and have come aci'oss no othei. mattel's in coi)nection with tlie examination to which attention shoiild bc di'awn in tliis rcpoil in order to enable a propel. Iinderstanding of tlic accounts to be I'caclied. PICF FrtX4KQ41 cl Ic Adrian Way FCA (a Director ofj Fraiicis Clark LLP Cliai'tei'ed A¢coLintants Towngate Hoiise 2-8 Pai'kstone Road Poole Dorset BH15 2PW Date.'4 September ?024