2022-12-31-accounts - The Civil Service Retirement Fellowship

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Chair's Report
Report ofthe Board of Directors		3to 6
Reference and Administrative Details		7to 9
Independent Examiner's Report		10
Statement of Financial Activities
Comparative Statement of Financial Year Ending 31 December 2021	Activities for	12
Balance sheet		13
Cash flow Statement		14
Notes tothe financial statements		15to 30

					Restricted	Unrestricted	Total	Total
					Funds	Funds	Funds	Funds
				Notes	2022	2022	2022	2021
					E	E	E	I
INCOME AND ENDOWMENTS			FROM:
Donations and	legacies					337777	337777	15862
Income from investments						5,335	5,335	40
Income from charitable		activities		6	13,198	1577625	1707823	1917908
Other income				7	1,492	190	1,682	8,684
Total incoming	resources				14690	106927	211617	216494
EXPEND RE	N:
Raising funds						247296	247296	177414
Charitable activities				10 6211	1,754	196,067	197,821	198,500
Total expenditure					1754	220 363	222 117	215914
Net income					12,936	(23,436)	(10,500)	580
Reconciliation	offunds:
Total funds brought forward					60122	6557906	7167028	715,448
TOTAL FUNDS	CARRIED	FORWARD		11/23	73050	632470	700020	716020

			Restricted	Unrestricted	Total	Total
			Funds	Funds	Funds	Funds
		Notes	2021f	2021	2021 f	2020 6
INCOME AND ENDOWME	M'
Donations and legacies				15,862	15,862	30,713
Income from investments				40	40	4,395
Income from charitable	activides	6	28,508	163,400	191,908	223,248
Other income				8,684	8,684	13,917
Total incoming resources			25000	107906	216 94	272 273
XPENDITURE ON:
Raising funds				177414	177414	16,975
Charitable activities		106311	16,947	181,553	198,500	230,169
Total expenditure			16947	190967	21~914	247144
Net income			117561	(107981)	580	25,129
Reconciliation offunds:
Total funds brought forward			48,561	666,887	715,448	690,319
TOTAL FUNDS CARRIED	FORWARD	22/23	60 122	055900716028		715440

								Note	2022	2021
									E	6
Cash flows from operating		activities:
Net cash provided by/(used	in) operating		activities					27a	(10,870)	(2,196)
Cash flows from investing		activities:
Dividends, interest and rents	from investments								2,251	131
Purchase offixed assets									(5,475)
Net cash provided by/(used		in) investing		activities					(3,224)	131
Net cash provided by/(used		in) financing		activities
Change in cash and cash	equivalents		in the		reporting	period			(14,094)	(2,065)
Cash and cash equivalents		at the beginning			ofthe reporting		period		708,349	710,414
Cash and cash equivalents		at the end	of	the	reporting	period		22I	554 255	708,349

4.	Donations and	legacies	legacies	legacies			2022	2021
a.	Donations -	unrestricted			funds
	Members						14,834	9,262
							14834	9 262
b.	Legacies
	Unrestricted	legacies					18943	6600
	Total donations		and	legacies			33777	16262
5.	Investment income
							2022	2021
							E	E
	Interest on cash		deposits				5335	40
6.	Incoming Resources from charitable					activities	2022	2021
							E	E
	Subscriptions	- Life members					2,143	2,366
	Subscriptions	- Annual		members - cash			33,156	31,214
	Subscriptions	- Annual		members —deduction			122,212	137,967
	Connecting our Communities				Appeal*			1,971
	Miscellaneous	income					114	137
	2022 Appeal*						13,198
	2021 Appeals							18,253
							170,823	191,908
	*Restricted						13,198	20,224
	Unrestricted						1~2 626	171684
							170,823	191,908
7.	Other incoming		resources
							2022	2021
								E
	Net transfer offunds from closed groups*						1,492
	HMRC IRSgrant Saleable items		(Furlough)				190	8,284 400
							1,682	8,684
	*Restricted.		E1,492
	Unrestricted		E190

9.Expenditure on Raising	9.Expenditure on Raising	funds				2022	2021
						6	E
Staffcosts						16,362	11,131
Allocated overheads:
Printing 6stationery						910	B71
Communication						356	393
Occupancy						2,752	1,612
ITCosts						1,486	1,030
Life Assurance Scheme						71	66
Other Staff Costs						59	37
Professional Fees	BEBookkeeping					520	441
Communications	& marketing		designated		fund	506	661
Financial charges:
Banking and Investment		Management		Fees		1,274	972
						64 196	17414

10.Expenditure	on charitable	activities		2022	2021
				E	I
Staff costs				102,264	97,706
Members' magazine				11,779	117038
National Visitors	Network*			1,754	16,947
Allocated overheads:
Printing 85 stationery				5,689	7,643
Communications				2,225	3,446
Occupancy				17,202	14,146
ITCosts				9,285	9,038
Life Assurance Scheme				447	579
Other Staff Costs				368	328
Professional Fees 80 Bookkeeping				3,248	3,872
Communications	8.Marketing	Designated	Fund	3 194	7 554
				157425	172297
Governance costs (Note 11)				40,396	26,203
Total expenditure	on charitable activities			197921	199500
*Restricted				1,754	16,947
Unrestricted				196,067	181,553
				197,821	198,500

11.Governance				2022	2021I
Staffcosts *				17,726	14,841
Allocated overheads:
Printing &stationery				986	1,162
Communications				386	523
Occupancy				2,982	2,149
ITCosts				1,609	1,373
Life Assurance Scheme				77	88
Other Staff Costs				64	50
Professional Fees	lk Bookkeeping			563	588
Communications	and marketing	designated	fund	548	1,147
AGM Costs Board ofDirectors	Meeting and	other costs **		7,958 2,530
Direct costs
Subscriptions				1,104	432
Independent examination				3063	3850
				40396	26 203

12.Support Costs Allocation	12.Support Costs Allocation	Expenditure	Expenditure	Expenditure
		on Raising	on charitable
		Funds	activities		Governance	2022	2021
		(Note 9)	(Note 10)f		(Note 11) f	Total f	Total I
Printing gi stationery		910		5,689	986	7,585	9,676
Communications		356		2,225	386	2,967	4,362
Occupancy		2,752		17,202	2,982	22,936	17,907
ITCosts		1,486		9,285	1,609	12,380	11,441
Life Assurance Scheme		71		447	77	595	733
Other Staff Costs		59		368	64	491	415
Professional Fees Communications	82 Bookkeeping and marketing	520 506		3,248 3 104	563 548	4,331 ~4218	4,610 ~9562
		6660		~1620	221~	00503	50992

			2022	2021
			6	E
Independent examination			3,863	3,850
Depreciation			947	577
14.Tangible Fixed Assets
	Furniture	82	Computers	Total
	equipment
	E
Cost
At 1January 2022	17,783		10,646	28,429
Additions in year			5,478	5,478
At 31December 2022	17	703	16124	33907
A mul d De reciation
At 1January 2022	14,519		10,646	25,165
Charge for the year		490	457	947
At31December 2022	15	009	11103	26112
Net BookValue
At 31December 2022	2	774	5021	7 795
At 31December 2021	3	264		3 264
15.Debtors			2022	2021
			E	E
Accrued income			3,311	2,303
Other debtors			10,951	9,940
Prepaymenls			4509	4 024
			10021	16267

16.Cash and bank balances												2022		2021	2021
												E			6
Bank current account											10,157			10,001
Money on Deposit										683,938				698,188
Cash in hand												67			67
At bank and in hand at Branches												93			93
										994255				7119	349
17.Creditors - amounts falling due within one					year							2022		2021
												E			6
Trade 8 other creditors											4,330			1,263
Accruals											4,350			4,350
Pension												851			413
Social security costs tt other taxes											3,478			1,657
Life members subscriptions											2334			1	934
											15343			9	317
e Life members' subscriptions	balance is		deferred	income.		Upon	receipt,		life subscriptions			are deferred,		and then
eased evenly to income from the		year of receipt.		Life	subscription		received		aRer 2013are			being amortised		over	ten
rs; those received prior to this		are being	amortised		over	fiReen	years.		Subscriptions		to be amortised			within	12
nths are included under current		liabilities.	The non-current			element		is recognised		within		Creditors	falling	due aRer
re than one year (Note 18).
Life Members subscriptions
												2022			2021I
Opening balance												4,169			6,171
Additions
Amortised in the year												(1,835)			(2,002)
Total												2,334			4,169
Total amount falling due
within one year												2,334			1,834
aRer more than one year															2,335
												2,334			4,169

18.Creditors - amounts falling due	after	after	more	more	than one year	than one year			2022	2021
									6	E
Life Members' Subscriptions										2 335
The amount due in over 5 years is Inil (2021:Enil).
19. Employees									2022	2021
									6	I
Staff costs
Gross salaries									89,530	75,657
Employer's national insurance contributions									4,000	3,040
Emplo)7ery pension contributions:
The CSBF									39,420	41,347
The Civil Service Retirement Fellowship		Group Personal plan							3,402	3,634
Total staff costs									1383~2	123 678
Average number ofemployees
Staff costs are allocated as follows:
Cost ofgenerating funds									16,362	11,131
Expenditure on charitable activities									102,264	97,706
Governance									17,726	14,841
									136382	123,678
One employee received emoluments of660,000			or above in the year (2020:				nil).
HMRC job retention scheme grant (Furlough)		received			in the year amounted		to nil		(2021018,284)
The Chief Executive and Trustees and considered				Key	Management	Personnel		(KMP). Total remuneration		during the
year for KMP was f67,712(2021[665,031).
The defined contribution pension expense	and		liability		has been apportioned			to the percentages of time		declared by
staff that they devote to raising funds, charitable				activities and governance.
No Trustee or Director received any remuneration				in either the current or previous					financial year.
									2022	2021
Pension costs are allocated as follows:									6	E
Cost of raising funds									3,593	3,774
Expenditure on charitable activities									35,093	36,862
Governance									4 137	4 345
									42823	44,981

21.Funds	Reconciliatio	n
			Balance at	Incoming	Outgoing	Balance at
			13an 22	Resources	Resources	31Dec 22
			E	E	E	E
Restricted Funds (Note 22) Unrestricted Funds —General 0 a add 10 1 df d			60,122 636,601 10305	14,690 1967927	(1,754) (2167144) ~4239	73,058 617,384 1~ D06
			716020	211617	~222 117	705~20
Unrestricted	funds includes	a designated	fund that was set aside from legacy income in 2019. This			designated fund
as used for marketing and		communication	costs in 2022 (see note 12).
Comparative Funds Reconciliation
			Balance at	Incoming	Outgoing	Balance at
			1)an 21	Resources	Resources	31Oec 21
			E	E	E	E
Restricted	Funds (Note	22)	48,561	28,508	(16,947)	60,122
Unrestricted Unrestricted	Funds - General designated fund		638,020 20867 715440	187,986 216494	(189,405) ~9662 ~225 914	636,601 193D5 716028

26.Financial Instruments	26.Financial Instruments					2022	2021
						E	E
Financial Financial	assets measured assets measured	at at	fair value amortised	cost		694,255 14 262	708,349 ~22 43
						766518	72~ 592
Financial	liabilities measured		at amortised		cost	~32663	~7684

27.	Notes to the cash flow statement				2022	2021
					6	E
a.	Reconciliation ofnet income/(expenditure)		to net cash flow
	from operating activities
	Reconciliation of net income/(expenditure)	for the	reporting	period (as per
	the statement of financial activities)				(10,500)	580
	Adjustments for:
	Depreciation charges				947	577
	Interest on cash deposits				(5,335)	(40)
	(Increase)/decrease in debtors Increase/(decrease) in creditors				529 3489	1,426 ~4739
	Net cash provided by/(used in) operating	activities			10870	2 196
b.	Analysis ofcash and cash equivalents				2022	2021
					6	E
	Cash in hand				10,317	10,161
	Notice deposits (less than 3 months)				683938	698188
	Total cash and cash equivalents				694 255	768 349