THE EQUITIES INVESTMENT FUND FOR CHARITIES (CHARIFUND)
Charity overview
Activities - how the charity spends its money
The Fund has three aims: 1) To provide an annual yield above that available from the FTSE All-Share Index, 2) To provide an income stream that increases every year and 3) To provide a level of capital growth, net of the on-going charge figure, that is higher than inflation over any ten-year period, as measure by the UK Retail Price index (RPI)
People
3 Trustee(s)
Employees with total benefits over £60,000
No information availableFundraising
Trading
Trustee payments
What, who, how, where
- Other Charitable Purposes
- Other Charities Or Voluntary Bodies
- Provides Other Finance
- Throughout England And Wales
- Northern Ireland
- Scotland
Governance
- 02 January 1969: Standard registration
- CHARIFUND (Working name)
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service
3 Trustee(s)
| Name | Role | Date of appointment | Other trusteeships | Reporting status of other trusteeships | ||||||||
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| M&G Securities Limited | Trustee | 21 July 2014 |
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| NATWEST TRUSTEE AND DEPOSITARY SERVICES | Trustee | 25 June 2012 |
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| CHARITIES INVESTMENT MANAGERS LIMITED | Trustee |
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Financial history
Financial period end date
| Income / Expenditure | 31/10/2020 | 31/10/2021 | 31/10/2022 | 31/10/2023 | 31/10/2024 | ||
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Total gross income | £43.77m | £48.37m | £52.47m | £49.14m | £48.01m | |
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Total expenditure | £51.06m | £53.02m | £53.58m | £53.61m | £51.70m | |
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Income from government contracts | N/A | N/A | N/A | N/A | N/A | |
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Income from government grants | N/A | N/A | N/A | N/A | N/A | |
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Income - Donations and legacies | £0 | £0 | £0 | £0 | £0 | |
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Income - Other trading activities | £0 | £0 | £0 | £0 | £0 | |
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Income - Charitable activities | £0 | £0 | £0 | £0 | £0 | |
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Income - Endowments | £0 | £0 | £0 | £0 | £0 | |
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Income - Investment | £43.77m | £48.37m | £52.47m | £49.14m | £48.01m | |
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Income - Other | £0 | £0 | £0 | £0 | £0 | |
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Income - Legacies | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Charitable activities | £0 | £47.97m | £48.94m | £49.21m | £47.92m | |
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Expenditure - Raising funds | £51.06m | £5.05m | £4.64m | £4.40m | £3.77m | |
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Expenditure - Governance | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Grants institution | £0 | £0 | £0 | £0 | £0 | |
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Expenditure - Investment management | £4.21m | £4.47m | £4.28m | £3.95m | £3.65m | |
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Expenditure - Other | £0 | £0 | £0 | £0 | £0 |
Assets and liabilities
Definitions for assets and liabilities
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 InvestmentsInvestments 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.
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 liabilityThis is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.
Total liabilitiesThese 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.
| Asset / Liability | 31/10/2020 | 31/10/2021 | 31/10/2022 | 31/10/2023 | 31/10/2024 | ||
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Own use assets | £0 | £0 | £0 | £0 | £0 | |
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Long-term investments | £783.79m | £941.59m | £795.64m | £759.56m | £740.51m | |
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Other assets | £3.15m | £8.75m | £31.87m | £7.59m | £10.38m | |
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Defined benefit pension scheme asset or liability | £0 | £0 | £0 | £0 | £0 | |
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Total liabilities | £11.45m | £25.03m | £14.21m | £14.21m | £14.36m |
Accounts and annual returns
| Title | Reporting year | Date received | Received | Download |
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| Annual return | 31 October 2024 | |||
| Accounts and TAR | 31 October 2024 | |||
| Annual return | 31 October 2023 | |||
| Accounts and TAR | 31 October 2023 | |||
| Annual return | 31 October 2022 | |||
| Accounts and TAR | 31 October 2022 | |||
| Annual return | 31 October 2021 | |||
| Accounts and TAR | 31 October 2021 | |||
| Annual return | 31 October 2020 | |||
| Accounts and TAR | 31 October 2020 |