UNITE THE UIYIOTrI BENEVOLEIYT FUND CHARITY NUMBER: 228567 REPORT AND AccouNfs FOR THE YEAR ENDED 31 DECEMBER 2024
UNITE THE UNION BENEVOLENT FUND YEAR TO 31 DECEMBER 2024 INDEX Pages 1-2 Trustees Annual Report Page 3 Re¢eipls and Payments Account Page 4 Statement of Assets and Liabilities Page 5 Independent Ex8miner's Report
ur41TE THE UMON BENEVOLENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR EIYDED 31 DECEMBER 2024 Illtroduction The Unit¢ the Union Benevolent Fund was formed from the UNIFI Benevolent Fund in Novemb¢r 2007. Th¢ Fund is primarily for ih¢ benefit of m¢mb¢rs and staff of Unite Ihe Union. The new Constitution and ¢hang¢ of n8me were approved by th¢ Charity Commission. The receipts and payments account on page 3 and the statement of assets and liabilities on page 4 hav¢ been examined by the Independent Examiners, Francis Clark LLP. Referenee and administration details Chmrity name: Unite the Union Benevolent Fund Registered Charity number.. 228567 Principal address: Unite House 128 Theobald's Road City of London WCIX 8TN Bankers Unity Trust Bank Trustees Tim Harper St¢ph¢n Skinn¢r Mai'garet Haz¢ll Julie Theobald (Chair) (Secrelary) (Resigned 31 December 2024) (Joined 03 June 2025) Structure, Governanee and Management The Charity is governed by the Constitution and regulations dated December 1964 as amended I l April 1979, 12 March 1991, 17 March 1998 and 15 November 2007. Trustees are appoiiited and removed by th¢ Joint Executive Committe¢ (or any equival¢nt successor body). There w¢re seven meetings of ihe Trust¢¢s in 2024. Objectives and activitles Tlie objects of the Charity are: A. To provide benefits to members or employees or ex-employees of Unite the Union or any successor union (hereinafter referi'ed to as 'the Union,) or th¢ir dependents. who may be in distressed ¢ir¢UmStt¢e5. B. To consider applications from the public whether members of the Union or not, &t the discretion 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 assistance to distressed persons as Inore specifically r¢ferr¢d to in clauses A or B above. The main activity in relation to thes¢ objects is the payment of grants to benefi¢iari¢s.
UNITE THE UIYION BENEVOLENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 Public benefit The Triistce5 have given due I'egard to publiL benefit when planning th¢ Charity's aclivities, in accordance with the Cliarity Commission's Guidance on Publio Benefit. The Trustees Annual Report sets oiit our activities, achievements and performance during the year, which are directly related to the objects gnd purposes for whi¢h the Charity exists. The Charity aehieves its principal objccts and purposes througli providing finan¢ial help for people connected to Unite the Union who may be in distressed Circumstances. These benefits Are dire¢tly related to the aims of the Charity 8nd are fiilly compliant with the Charity Commission Guidance on Public Ben¢fit. Appllcants The number of applications during the year was 247 (2023.. 235). Financial review Incoine to tlie Fund is derived from the Union's Lottery and tlie Charity's investments suppleinei)ted by a Small nuinber of ad Iioc donations. Reoeipts for the year lolalled £183,911 (2023.. £166,399) including £50,102 (2023.. £61,227) in lottery donatioi)s. PayinentS totalled £201,301 (2023: £133,201) of whicli £99,175 (2023: £65,055) was paid oiit in gi'ants to beiieficiaries, in line with the Ti'LlStees' slralegy to ¢11surc tlie Fund lias a greater positive impact on grant applicants. £94,571 (2023- £60,107) related to purchase of assets retained for investtnent Pui'poses. Net payments were £17,391 (2023.. Net receipts of £33,198). The restricted fiinds balance of £54,657 is in respect of the Jack Laity beqiiest to the UNIFI Bl'anch Bristol & Avo for the benefit of tlieir members. UNIFI used tl)is mon¢y to establish the Pauline Oritz Fuiid and sp¢nt £21 k of tlie original beqii¢s1. The balance was held by AMICUS for seven yeai's and was finally transfeiyed iiito this ¢harity in early 2012. Note, a8 of 27 May 2025. tliis fiind is no longer I'estricted to tlie Bristol & Avoii area, as approvcd by tlie Trustees and sanctioned by the Charity Commission. The Triistees are monitoi'ing closely tlie impact that Ili¢ ¢iirrcnt unccitain global economic and polffttical enviroiim¢nl Inay l)av¢ on the Chai'ity's dividend in¢om¢ and believe any short to mediuin term impact 01) liqiiidity will not Inat¢rially affect the ability of the Charity to fiilfil its aims and commitments. Expenses met by Unite Please notc tliat the Francis Clark Fees paid dui'ing the year, relating to the examination of the 2022 and 2023 accounts. as well as some minor trustee ti'avel expenses, were met by Unite and tlierefore not reflected in th¢ accounts of the Benevolent Fund. These fees and exp¢ns¢s were circa £4k in total. Reserves The Funds, Trustees are of the opinion that uneommitted reserves shoiild be kept to a minimiim. However. though tlie Benevolent Fund is anxious to fulfil this, it is still mindful to di5ti'ibute all monies I'eceived only to the most deserving applicant5. Deel2rxtio oved by the Trustees on 07 August 2025 and sig ed on their bchalf by: ¢r e¢retaiy Tim Harper Chaii. Trustee
UNITE THE UNION BENEVOLEIYT FUND RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 Unrestrlcted Restricted 2023 Total Funds Total RECEIPTS Income Re¢elpts Sundry Donations Ilncluoing Lottery) Bank Interest Dividends Investments Sold Miscellaneous 50,582 19 51,893 81,304 113 50.582 19 51.893 81,304 113 61,866 39,566 64,871 91 TOTAL RECEIPTS 183,911 183.911 166,399 PAYMENTS Dlrect Charltabl8 Expendlture Grants to Benelicialies 99,175 99,175 65,055 Other Expendlturg Independent Examiner's Fees Bank Charges Trustees, Expense8 Additional Investment M8nagementFees Miscellaneous 1,860 29 23 881 94,571 6.630 22 23 881 94,571 6,630 22 60,107 6,150 TOTAL PAYMENTS 201,302 201,302 133,201 Net Re¢elpt8llPayment81 before Transfers 117.3911 117,3911 33,198 TRANSFER BETWEEN FUNDS NETRECEIPTSIIPAYMENTSI FOR THEYEAR 117.3911 117,3911 33,198 CASH FUNDS BROUQHTFORWARD 39,696 54,657 94,353 61.155 CASH FUNDS CARRIED FORWARD 22,305 54,657 76,962 94,353
UNrfE THE UNION BEIYEVOLENT FUND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DFCEMBER 2024 2024 Unrestrlcted Restrfcted 2023 Total Funds Totsl MONEfARY ASSEYS Bank gnd C8sh Balances Cash Bank Nationals81n£s deposit Income Bond 19.305 54,657 73.2 91,353 3,000 3,000 3,0 22,305 54,657 76,962 94353 NON-MONETARY ASSETS Hold lor Investment purposes lin thejoint names of theTrustees1 Inv8Stments'. M8naged Funds (market value) Redmayne Bent18y Managed Fund M8G 5nvestment Fund ColumbSa Threadneedle Managed Funds 600,346 281,080 124.061 600,346 261,080 124,061 574,242 254,374 121,900 985.487 98&487 950,516 NET ASSETS 1,007.792 54,657 1,062A49 1,044.8&9 The accoiints on pages 3 to 4 were approved by the Truslees on 07 Au8iisI 2025 and sigiicd on their behalf by.. St er .uslee and Sec Tim Harper Chair tary
UNITE THE UNION BENEVOLENT FtnYD INDEPENDENT EXAMINER'S REPORT YEAR EI¥DED 31 DECEMBER 2024 Jndependent Examiner's Report to the Trnstee5 of Unite the Ullion Benevolent Fund I report to the trustees on my examination of the accounts of the Unit¢ th¢ Union Benevolent Fund (the Trust) for the year ended 31 Dcceinber 2024. Responsibilities and basis of report As the charity trustees of th¢ Trust you are responsible for the preparation of the accounts in a¢¢ordan¢¢ with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in ¢arrying out my ¢xamination I have followed all the applicable Directions given by the Charity Commission linder section 145{5)(b) of the Act. Independent examiner's statement I have compl¢ted my exainination. l Confirm that no material matters have come to my attention in connection with the examinalion giving me cause to believe that in any tnaterial respect.. l. a¢counting records were not kept in respect of the Trust as required by sectiort 130 of the Act. or 2. the accounts do nol ac¢ord with those records. J have no concerns and have come across no other matters in connection with the examination to which attention sliould be drawn in this report in order to enable a prop¢r understanding of the accoiinls to be reached. Adi'ian Way FCA (a Director ofj Francis Clark LLP Chartered Accountants Towngat¢ House 2-8 Parkstone Road Poole Dorset BH15 2PW Date.. 11 August 2025