Our Finances

The table below gives a summary of our finances. Further details are set out in the Trustees' Annual Report and Accounts which can be downloaded by clicking here.

Our sole activity is to give discretionary grants. Some of these are made direct to individuals, but most grants are made to other civil and public service charities and not-for-profit organisations who can help us achieve our charitable objectives.

Our income comes entirely from investing our reserves and the annual donation of the trading surplus of the Civil Service Insurance Society which averaged some £0.5 to £0.6 million a year for many years but which has exceeded that in the last couple of years because of one-off profit share from past trading.

We maintain sufficient reserves to protect our existing individual beneficiaries for as long as they may need our help. We employ no staff. Although we share our registered address with the Civil Service Insurance Society and used to purchase administrative services from them, the two organisations are entirely independent and the charity's Secretary is now a volunteer working from home. The Trustees are unpaid but can claim reasonable expenses.

Summary of our finances

	2011 (£)	2012 (£)	2013 (£)	2014 (£)	2015 (£)	2016 (£)	2017 (£)	2018 (£)
Grants to widows of CSIS policy holders Legacy from the estate of John Parker Grants to help individuals made through other charities Administration	36,066 - 907,466 49,270	37,325 - *165,000 54,583	7,213 - 814,569 63,490	38,555 - 740,750 62,213	27,341 - 791,005 61,964	24,721 **245,041 711,498 58,235	24,421 - 934,100 57,612	23,234 - 1,156,000 61,433
Total expenditure	992,802	*256,908	885,272	841,518	880,310	1,039,495	1,016,133	1,240,667

Donation from CSIS and personal donation Legacy from the estate of John Parker Income from investing our reserves	785,000 - 87,141	711,525 - 84,747	485,505 - 83,998	530,250 - 72,573	523,000 **237,500 70,958	776,964 **7,514 60,034	1,290,679 - 54,822	637,779 - 56,557
Total Income	872,141	796,272	569,503	602,823	831,458	844,539	1,345,501	694,336
Net surplus/deficit for the year	(120,661)	539,364	(315,769)	(238,695)	(48,852)	(194,965)	329,368	(564,331)
189,231	(107,943)	110,926	141,037	56,182	46,754	136,728	107,083	(134,307)
Net movement in funds	(228,604)	650,290	(174,732)	(182,513)	(2,098)	(58,228)	436,451	(680,638)
Opening Fund	2,451,296	2,222,692	2,872,982	2,698,250	2,515,737	2,513,639	2,455,411	2,891,862
2,451,296	2,222,692	2,872,982	2,698,250	2,515,737	2,513,639	2,455,411	2,891,862	2,211,224

* Reflects shift in timing of annual grants meeting from October to January. £780,000 of grants to be made through charitable organisations were approved in January 2013 for payment in 2013. Under the previous procedures, these would have been decided in October 2012 and accrued in the 2012 accounts. There is a similar effect on the payments to widows in 2013.

** Reflects a legacy which was donated to the charity for the sole benefit of The Benenden Charitable Trust. The full amount of the legacy was paid over in grants to The Benenden Charitable Trust during 2016

Note – the figures for grants to individuals and those made through charities include an allocation of "support costs" as detailed in the notes to the relevant accounts.

Annual Report and Accounts

In addition to the summary above, our annual reports and accounts dating back five years can be viewed individually. Click on the links below to view the files, which include full information about the Trustees grant giving policies, grants given, commitments and the Trustees plans.

Please note these are PDF files. If you need to download Adobe Reader to view the files, please click on the Adobe logo below.