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 5 years.

We maintain sufficient reserves to protect our existing individual beneficiaries for as long as they may need our help, including those whose care home costs we support through the ring fenced fund arrangements we operate with the Civil Service Benevolent Fund.

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 (£)
Grants to widows of CSIS policy holders Grants to help individuals made through other charities Administration	30,666 386,239 30,330	47,416 915,201 32,386
Total expenditure	447,235	995,003

Donation from CSIS Income from investing our reserves	514,050 95,145	650,000 85,329
Total Income	609,195	735,329
Net surplus/deficit for the year	161,960	(259,674)

Capital gain/(losses) on investments	243,157	189,231
Net movement in funds	405,117	(70,443)
Opening Fund	2,116,622	2,521,739
Closing Fund	2,521,739	2,451,296

All 2010 figures quoted above are currently provisional only.