CSIS Charity Fund
Call us today on 01622 766963

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 has averaged some £0.5 to £0.6 million a year for the past five years.

We maintain sufficient reserves to protect our existing individual beneficiaries for as long as they may need our help. We employ no staff directly but purchase the administrative services from CSIS under a Memorandum of Agreement. The Trustees are unpaid but can claim reasonable expenses.

Summary of our finances

2009 (£) 2010 (£) 2011 (£) 2012 (£) 2013 (£) 2014 (£) 2015 (£) 2016 (£)
Grants to widows of CSIS policy holders
Legacy from the estate of John Parker
Grants to help individuals made through other charities
Administration
29,367
-
369,871
47,997
45,684
-
895,429
53,890
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
Total expenditure 447,235 995,003 992,802 *256,908 885,272 841,518 880,310 1,039,495
Donation from CSIS and personal donation
Legacy from the estate of John Parker
Income from investing our reserves
514,050
-
95,145
650,000
-
85,329
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
Total Income 609,195 735,329 872,141 796,272 569,503 602,823 831,458 844,539
Net surplus/deficit for the year 161,960 (259,674) (120,661) 539,364 (315,769) (238,695) (48,852) (194,965)
Gains/(losses) on investment assets 243,157 189,231 (107,943) 110,926 141,037 56,182 46,754 136,728
Net movement in funds 405,117 (70,443) (228,604) 650,290 (174,732) (182,513) (2,098) (58,228)
Opening Fund 2,116,622 2,521,739 2,451,296 2,222,692 2,872,982 2,698,250 2,515,737 2,513,639
Closing Fund 2,521,739 2,451,296 2,222,692 2,872,982 2,698,250 2,515,737 2,513,639 2,455,411

* 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. Subject to the timing of the winding up of the estate, it is expected that the full amount of the legacy will be paid over in grants to The Benenden Charitable Trust during 2016

Memo – 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

10 Year Data Figures

Groups 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 Total
Widows 21,057 26,223 27,273 38,944 35,998 42,675 26,381 41,335 34,341 36,173 330,400
Major public sector charities we have been supporting for years 390,000 296,370 420,275 465,500 438,627 456,704 417,650 416,929 464,210 402,091 4,168,356
Smaller public sector charities and trade union welfare funds 293,000 278,250 200,130 158,500 158,700 151,160 94,155 61,000 51,000 62,300 1,508,195
Smaller charities we have supported for years with ad hoc grants 30,000 55,000 55,000 43,000 66,042 63,500 39,500 18,000 40,500 10,149 420,691
Hospices and other charities we have supported with one off grants 75,000 71,538 115,600 101,750 123,200 147,000 197,500 12,000 11,500 2,578 857,666
total 809,057 727,381 818,278 807,694 822,567 861,039 775,186 549,264 601,551 513,291 7,285,308

NB - figure for 2017 excludes £16,500 awarded for joint projects and £100,000 for "new to us" charities

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.

Address CSIS Charity Fund
7 Colman House
King Street
Maidstone
Kent
ME14 1DD

Telephone Number 01622 766963

Email Address info@csischarityfund.org

Company Reg No: 06414570
Registered Charity No: 1121671