CSIS Charity Fund

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.

Address CSIS Charity Fund
1st Floor
Gail House, Lower Stone Street
Maidstone
Kent
ME15 6NB

Telephone Number 07843 342889

Email Address secretary@csischarityfund.org

Company Reg No: 06414570
Registered Charity No: 1121671