UNITE THE UNION BENEVOLENT FUND CHARITY1¥4UIVIBER: 228567 REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
UNITE THE ur4101Y BENEVOLENT FUND YEAR TO 31 DECEMBER 2025 INDEX Page Trustees, Annual Report for the Year Ended 31 December 2025 Receipts and Payments AoUnt Statement of Assets and Liabilities Independent Examiner's Report
UNITE THE UNION BENEVOLENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Introduction The Uiiite the Union 8en¢volenl Fund was formed from the UNtFJ Benevolent Fund in Noveinbcr 2(M17. The Fund 15 primarily for the benefit of members and staff of Unite the Union. The new Constitution and change of naine were approved by th¢ Charity Commission. The receipts and payments account on page 4 and the statement of assets and liabilities on page 5 have been examined by the Independent Examiners, Francis Clark LLP. R¢ftrence Yénd administration details Charity name.. Unite the Union Benevolent Fund Registered Charity nuinbeT'. 228567 Principal addre5S'. Unite House 128 Theobald's Road London WCIX8TN Banker5 Unily Trust Bank Trustees Tim Harper Stephen Skinner Jiilie Theobald Kai'l DeiT]PStcr Diane Hoyles Jeinma Reavell (Chair) {Secretary) (Joined 01 JLily 20251 resigned 06 March 2026} {Joined 01 Deceinbei. 2025) (Joined 01 Decembei. 2025) (Joined 01 December 2025) ,Structure, Governance and Management The Charity IS g7ovei.ned by tlie Constitution and regulations dated Deceinber 1964 as amended I l April 1979. 12 March 1991, 17 March 1998 and 15 November 2007. Ti'iistees ar¢ appointed and reinoyed by the Joini ExecLltive Coinmittee (or any equivalent successor body). There weie seven Ineetings of the Trustees sn 2025. Objectives and aetivitles The objects of the Chai'ily ar¢-. A. To provide benefit5 to membeis or employees or ex-einployees of Unite the Union or any successor union (hereinaftei. ieferred to as 'the Union,) or theii. dependents, who may b¢ in distressed circuii)stances. B. To consider applications from the public whether members of the Union or not, at the discrction of the Fund. C. To make monetary grants or donations or r¢nder oilier assistance to any insliliilion or association which can algo render benefits of assistance to distressed persons as mol'e specifically Tcfcii'ed to in clauses A or B abov¢. The main activity in r¢lalion to tliese objects is the payment of grants to beneficiaries.
UNITE THE UNIOP4 BENEVOLENT FUND TRUSTEES• ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Public benefi¢ The Trustees have given due regard to public benefit when planning the Charity'5 activities. in accordance with the Charity Commission's Guidance on Public Benefil. The Truslecs Annual Report scls out our ac11-Itie5, achievements and performance during the year, whicl) are directly ielated to the objects and pui'poses for whi¢h the Charity exists. The Charity achieves its principal objects and purposes through providing financial help for people connected to Unite the Union who may be in distressed circumstances. These benefits are directly related to the aims of the Charity and are fully compliant with the Charity Commission Guidance on Public B¢ncfit. Applicants The number of grant applications receiv¢d during thc year was 254 (2024- 247). Financial review Jncome to the Fund is derived froin the Union's Lotteiy and the Charity's investments siipplemented by a small nuinber of ad hoc donations. Receipts for Ilie year totalled £149,299 (2024.. £183,911) including £43,345 (2024.. £50,102) in lottery donations. Payments totalled £204,491 (2024.. £201,302) of which £102.700 (2024.. £99.175) was paid out in grants to beneficiaries, in line with the Trustees, strategy to ensuir the Fund has 4 gi'eatei. positive iinpact on grant applicants. £90,705 (2024.. £94,571) related to th¢ pur¢l)ase of Ossels retained for invesltnent purposes. Net payments were £55,192 (2024.. £17,391). Rtricted nd The previously restricted fund of £54,657, in respect of the Ja¢k Laity bequest lo the UNIFI Branch Bi'istol & Avon for the benefit of their members, is no longer reslri¢led to Ihc Bristol & Avon ai'ea. This was approved by the Trusl¢es and siibs¢quenily sanctioned by the Charity Commission in May 2025. No restricted flind is therefore shown in tlie 2025 accounts. Current environment The Trustees al'e monitoring closely the impa¢l that the current uncertain global economic and political environment may have on the Cliai'ity's dividcnd income and believe any shoit to medium term impact on liquidity will not materially affect the ability of the Charity to fulfil ils aims and cominitinents. Future developments To improve income in future years, enable the provision of liigher value grants and to reach out to Inore members in need, a number of initiatives are planned foi. 2026. In May 2026, communications were sent lo around 1,000 Unite Regional and Branch Secretaries, Inaking the case for supporting the Benevoleni Fund and r¢qii¢sling on¢-off or regular donalioiis. Additionally in May 2026. a flyer enticing Unite members to "Play our weekly Lottery" (all fijnds going to the Benevolent Fund}, was posted out to all I million + members. Trustees are also planning a re-brand and IE-launch of the lott¢ry in 2026, 10 improve the number of regular lottery players.
UNITE THE UNION BENEVOLENT FUND TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 1025 Reserves The Trustees are ofihe opinion that uncommitted I'eseryes should be kept to a minimum. Although the Benevolent Fund is keen to fulfil this, it is still mindful to distribute all monies received only to th¢ m05t deserving applicants. Declaration Approved by the Trustees on 04 August 2026 and signed on their behalf by.. Tim Harper Chair Jemma Reavell Trustee
UNITE THE UNION BENEVOLENT FUND RECEivfs AND PAYMENTS ACCOUNT FOR THE YEAR ENDED JI DECEMBER 2025 2025 Unrestrlcted Restrlcted 2024 Total Total RECEIPTS Income Receipts Sundry Donations lincludinE Lottery) Bank Interest Dividends Investments Sold Miscellaneous 44,023 44,023 50,582 19 51,893 81.304 113 47,423 57,759 88 47,423 57.759 88 TOTAL RECEIPTS 149,299 149,299 183,911 PAYMENTS Direct Charltable Expenditure Grants to Beneficiaries Other Expenditure Independent Examiner's Fees Bankcharges Trustees, Expenses Additional Investment Management Fees Niscellaneous 102,700 102,700 99,175 2,460 44 1,718 90,705 6,776 88 2,460 44 1,718 90,705 6,776 88 23 881 94,571 6,630 22 TOTAL PAYMENTS 204,491 204,491 201.302 Net Payments before Transfers 155,1921 155,1921 117,3911 TRANSFER BETWEEN FUNDS NET PAYMENTS FOR THEYEAR 155,192} 155,1921 117,3911 CASH FUNDS BROUGHTFORWARD 22,305 54,657 76,962 94,353 Restrioted fund now unrestrlcted 54,657 154,6571 CASH FUNDS CARRIED FORWARD 21,770 21.770 76,962
UNITE THE UNION BEf4EVOLENT FUND STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2025 2025 Total Funds 2024 Total Funds MONETARY ASSETS Bankand Cash Balances Cash in Bank Nation81 Savlngs deposit Income Bond 19,770 73,962 3,000 3,000 22,770 76,962 LIABILITIES Unitetheunion 11,0001 NETMONETARY ASSETS 21,770 76,962 NON-MONETARY ASSETS Hold for Investment pulposes lin thejoint names of the Trustees) Investments- Funds at market Value: Redmayne Bentleymanaged Fund M&Glnvestment Fund Columbia Threadneedle Managed Funds 628,070 302,997 140,674 600.346 261,080 124.061 1,071,741 985,487 TOTAL NET ASSETS 1,093.511 1,062,449 The accounts on pages 4 to 5 were appioved by the Trustees on 04 ALigust 2026 and signed oli their behalf by.. Tim Harper Chair Jemml Reavell Trustee
UNITE THE UNION BENEVOLENT FUND INDEPEfqDEt+rr EXAMINER'S REPORT YEAR ENDED 31 DECEMBER 2025 Independent Examlner's Report to the Trustees of Unite the Union Benevolent Fund I report to the Trustees on my examination of the accounts of the Unite the Union Benevolent Fund (the Trust) foi. the yeai. ended 31 December 2025. Responsibilities #nd b#$i$ of report As tlie charity Trustees of the Trust you are responsible for the preparntion of the accounts in accordance with the requirements of the Chai'ities Act 2011 ('Ihe Act.). I r¢port in respect of Jny cxaii)inalion of th¢ TIu5t'5 accounts cai'ricd out undei. section 145 of the 2011 Aet and in Cai'i'ying out my exaininalion I have followed all the applicable Diiections given by the Charity coinmis5ion under sectiork 145(5)(b) of the Act. Independent e¥2miner s statement I have cotnpleled my examination. I confirm Ihal no Inalerial matters have come to my attention in connection with the examination giving Ine cause to believe that in any maleTial Itspect: accounting records were not kept in respect of the Trust as required by section 130 of th¢ A¢l' or 2. the accounts do not accord with those Kcords. I have no concems and have come acN)ss no olliei. matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Adrian Way FCA FCCA (a Dire¢lor OD Fr&ncis Clark LLP Chartered AccoLintantS Towngate House 2-8 Parkstone Road Poole Doi'set BH15 2PW Date.. 10 August 2026