THE ROYAL BANK OF SCOTLAND GROUP BENEVOLENT FUND

Charity number: 1060226
Removed charity

Charity overview

Activities - how the charity spends its money

The Charity seeks to make financial grants to past and present staff of The Royal Bank of Scotland Group of companies and their dependents who are in financial hardship.

Income and expenditure

Data for financial year ending 30 June 2013

Total income:
£583,163

Text alternative for this canvas graphic is in the data table below.
Donations and legacies £53.32k
Charitable activities £0
Other trading activities £0
Investments £529.84k
Other £0

Total expenditure:
£540,180

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Raising funds £0
Charitable activities £407.95k
Other £0

£1,276,767 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £132.23k
Charitable expenditure £407.95k
Retained for future use £42.98k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Disability
  • The Prevention Or Relief Of Poverty
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • People With Disabilities
How the charity helps:
  • Makes Grants To Individuals
Where the charity operates:
  • Throughout England And Wales
  • Afghanistan
  • Akrotiri
  • Albania
  • Algeria
  • American Samoa
  • Andorra
  • Angola
  • Anguilla
  • Antarctica
  • Antigua And Barbuda
  • Argentina
  • Armenia
  • Aruba
  • Australia
  • Austria
  • Azerbaijan
  • Bahrain
  • Bangladesh
  • Barbados
  • Belarus
  • Belgium
  • Belize
  • Benin
  • Bermuda
  • Bhutan
  • Bolivia
  • Bosnia And Herzegovina
  • Botswana
  • Brazil
  • British Indian Ocean Territory
  • British Virgin Islands
  • Brunei
  • Bulgaria
  • Burkina Faso
  • Burma
  • Burundi
  • Cambodia
  • Cameroon
  • Canada
  • Cape Verde
  • Cayman Islands
  • Central African Republic
  • Chad
  • Chile
  • China
  • Christmas Island
  • Cocos (KEELING) ISLANDS
  • Colombia
  • Comoros
  • Congo
  • Congo (Democratic Republic)
  • Cook Islands
  • Costa Rica
  • Croatia
  • Cuba
  • Cyprus
  • Czech Republic
  • Denmark
  • Dhekelia
  • Djibouti
  • Dominica
  • Dominican Republic
  • Easter Island
  • East Timor
  • Ecuador
  • Egypt
  • El Salvador
  • Equatorial Guinea
  • Eritrea
  • Estonia
  • Eswatini
  • Ethiopia
  • Falkland Islands
  • Faroe Islands
  • Fiji
  • Finland
  • France
  • French Guiana
  • French Polynesia
  • Gabon
  • Georgia
  • Germany
  • Ghana
  • Gibraltar
  • Greece
  • Greenland
  • Grenada
  • Guadeloupe
  • Guam
  • Guatemala
  • Guernsey
  • Guinea
  • Guinea-bissau
  • Guyana
  • Haiti
  • Honduras
  • Hong Kong
  • Hungary
  • Iceland
  • India
  • Indonesia
  • Iran
  • Iraq
  • Ireland
  • Isle Of Man
  • Israel
  • Italy
  • Ivory Coast
  • Jamaica
  • Japan
  • Jersey
  • Jordan
  • Kazakhstan
  • Kenya
  • Kiribati
  • Kosovo
  • Kuwait
  • Kyrgyzstan
  • Laos
  • Latvia
  • Lebanon
  • Lesotho
  • Liberia
  • Libya
  • Liechtenstein
  • Lithuania
  • Luxembourg
  • Macau
  • Macedonia
  • Madagascar
  • Malawi
  • Malaysia
  • Maldives
  • Mali
  • Malta
  • Marshall Islands
  • Martinique
  • Mauritania
  • Mauritius
  • Mayotte
  • Mexico
  • Micronesia
  • Moldova
  • Monaco
  • Mongolia
  • Montenegro
  • Montserrat
  • Morocco
  • Mozambique
  • Namibia
  • Nauru
  • Nepal
  • Netherlands
  • New Caledonia
  • New Zealand
  • Nicaragua
  • Niger
  • Nigeria
  • Niue
  • Norfolk Island
  • Northern Ireland
  • Northern Mariana Islands
  • North Korea
  • Norway
  • Occupied Palestinian Territories
  • Oman
  • Pakistan
  • Palau
  • Panama
  • Papua New Guinea
  • Paraguay
  • Peru
  • Philippines
  • Pitcairn, Henderson, Ducie And Oeno Islands
  • Poland
  • Portugal
  • Puerto Rico
  • Qatar
  • Réunion
  • Romania
  • Russia
  • Rwanda
  • Saint Barthélemy
  • Saint Helena
  • Saint Pierre And Miquelon
  • Saint Vincent
  • Samoa
  • San Marino
  • São Tomé And Principe
  • Saudi Arabia
  • Scotland
  • Senegal
  • Serbia
  • Seychelles
  • Sierra Leone
  • Singapore
  • Sint Maarten
  • Slovakia
  • Slovenia
  • Solomon Islands
  • Somalia
  • South Africa
  • South Georgia And South Sandwich Islands
  • South Korea
  • Spain
  • Sri Lanka
  • St Kitts And Nevis
  • St Lucia
  • Sudan
  • Suriname
  • Svalbard And Jan Mayen
  • Sweden
  • Switzerland
  • Syria
  • Taiwan
  • Tajikistan
  • Tanzania
  • Thailand
  • The Bahamas
  • The Gambia
  • Togo
  • Tokelau
  • Tonga
  • Trinidad And Tobago
  • Tunisia
  • Turkey
  • Turkmenistan
  • Turks And Caicos Islands
  • Tuvalu
  • Uganda
  • Ukraine
  • United Arab Emirates
  • United States
  • United States Virgin Islands
  • Uruguay
  • Uzbekistan
  • Vanuatu
  • Venezuela
  • Vietnam
  • Wallis And Futuna
  • Yemen
  • Zambia
  • Zimbabwe

Governance

Registration history:
  • 20 January 1997: Standard registration
  • 17 April 2014: Removed (Transfer of funds)
  • 17 April 2014: Funds transferred to 1154235 THE BWC CHARITY
Organisation type:
Other
Other names:
  • THE RBS PEOPLE FOUNDATION (Working name)
  • ROYAL BANK OF SCOTLAND GROUP BENEVOLENT FUND (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 05/04/2009 05/04/2010 05/04/2011 05/04/2012 30/06/2013
Total gross income £480.09k £395.33k £686.89k £507.40k £583.16k
Total expenditure £171.12k £205.30k £171.40k £436.09k £540.18k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £335.51k £104.80k £53.32k
Income - Other trading activities N/A N/A £0 £0 £0
Income - Charitable activities N/A N/A £0 £0 £0
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £351.38k £402.60k £529.84k
Income - Other N/A N/A £0 £0 £0
Income - Legacies N/A N/A £0 £68.00k £1.99k
Expenditure - Charitable activities N/A N/A £80.38k £316.31k £407.95k
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £32.78k £64.61k £58.88k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £58.24k £55.17k £73.35k
Expenditure - Other N/A N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 05/04/2009 05/04/2010 05/04/2011 05/04/2012 30/06/2013
Own use assets N/A N/A £0 £0 £0
Long-term investments N/A N/A £12.39m £11.91m £13.38m
Other assets N/A N/A £395.16k £545.97k £350.46k
Defined benefit pension scheme asset or liability N/A N/A £0 £0 £0
Total liabilities N/A N/A £27.97k £31.66k £30.77k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 June 2013 04 December 2013 On Time
Accounts and TAR 30 June 2013 09 April 2014 On Time
Annual return 05 April 2012 23 October 2012 On Time
Accounts and TAR 05 April 2012 28 November 2012 On Time
Annual return 05 April 2011 16 January 2012 On Time
Accounts and TAR 05 April 2011 16 January 2012 On Time
Annual return 05 April 2010 17 January 2011 On Time
Accounts and TAR 05 April 2010 17 January 2011 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

SCHEME OF THE CHARITY COMMISSIONERS DATED 12 AUGUST 2004.

Charitable objects

(1) THE OBJECTS OF THE CHARITY ARE: (A) TO RELIEVE THE NEED, HARDSHIP OR DISTRESS OF BENEFICIARIES; AND (B) TO PROVIDE ASSISTANCE TOWARDS THE EDUCATION OF BENEFICIARIES. (2) IF AND IN SO FAR AS THE INCOME OR EXPENDABLE ENDOWMENT OF THE CHARITY CANNOT BE APPLIED TOWARDS OBJECTS 1(A) AND (B) ABOVE IT MAY BE APPLIED TOWARDS ANY CHARITABLE OBJECTS OR PURPOSES WHICH THE TRUSTEES IN THEIR DISCRETION MAY DEEM TO BE FOR THE ADVANCEMENT OF THE WELFARE AND WELL-BEING OF THE BENEFICIARIES.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED.