**Charity number: 1040579** 

## **GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** 

**for the year ended 31 March 2022** 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **CONTENTS** 

||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1|
|**Trustees' report**|2 - 6|
|**Independent auditor's report on the financial statements**|7 - 10|
|**Statement of financial activities**|11|
|**Balance sheet**|12|
|**Statement of cash flows**|13|
|**Notes to the financial statements**|14 - 32|





**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS for the year ended 31 March 2022** 

## **Trustees** 

Chief Constable Stephen Watson QPM, Chairman (appointed 1 November 2021)1 Sharman Birtles, Vice Lord Lieutenant of Greater Manchester2 Diane Hawkins, High Sheriff of Greater Manchester 2021/22 (appointed 10 May 2021)2 Dr Eamonn O'Neal, High Sheriff of Greater Manchester 2020/212 Mark Adlestone, High Sheriff of Greater Manchester 2019/202 Lady Joy Smith, Trustee2 Nicholas Bird, Trustee2 Gerry Yeung, Trustee (resigned 16 April 2021)2 Paul Griffiths (resigned 29 April 2021)2 Vincent Sweeney, Trustee (resigned 13 July 2021)2 George Almond, Trustee (resigned 7 February 2022)2 Edith Conn, Trustee (resigned 7 February 2022)2 Shauna Dixon, Trustee (resigned 7 February 2022)2 Christine Lee-Jones, Trustee (resigned 7 February 2022)2 Michael Greenwood, Trustee (resigned 7 February 2022)2 

- 1 Ex-officio trustees 

- 2 Elected trustees 

## **Charity registered number** 

1040579 

## **Principal office** 

Team NCE - Local Policing and Criminal Justice Branch, 4th Floor, GMP Headquarters, Central Park, Northampton Road, Manchester, M40 5BP 

## **Independent auditor** 

Crowe U.K. LLP, 3rd floor, The Lexicon, Mount Street, Manchester, M2 5NT 

## **Bankers** 

Unity Trust Bank plc, 9 Brindleyplace, Birmingham, B1 2HB 

## **Investment Advisers and Managers** 

Investec Wealth and Investment Limited, 3 Hardman Street, Manchester, M3 3HF 

Torevell & Partners Limited, 5 Oxford Court, Manchester, M2 3WQ 

Page 1 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **TRUSTEES' REPORT for the year ended 31 March 2022** 

The Trustees present their annual report together with the audited financial statements of the Charity for the year from 1 April 2021 to 31 March 2022. 

## **Objectives and activities** 

## **a. Policies and objectives** 

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. 

The objects of the Trust are: 

1. To promote the public benefit in and around the Greater Manchester area a safer and increased quality of life through the prevention of crime and protection of people and property from criminal acts; and other solvent abuse. 

2. To secure the advancements of education, for the public benefit, in all matters relating to alcohol, drug and other solvent abuse. 

The Trust relies on donations from individuals, commercial organisations and other charities and trusts and returns from investments. 

## **b. Strategies for achieving objectives** 

The Trustees’ strategy is to further the aims of the Trust and to increase support from the business community with the intention of increasing the income of the Trust so that it has more funds to support its aims. The Trust has identified four aims to assist its work: 

1. Improve the quality of life of all communities in the Greater Manchester area, with vulnerable groups and victims of crime being priorities. 

2. Support wide ranging initiatives that address issues of crime reduction concerning the public and affecting the quality of their lives. 

3. Support community and race related initiatives arising from locally agreed Crime and Disorder crime reduction strategies, and support initiatives that arise from local consultation identifying concerns outside these strategies. 

4. Seek to support and complement initiatives that arise from local consultation identifying concerns outside these strategies. 

Page 2 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022** 

## **Achievements and performance** 

## **a. Key performance indicators** 

The Trust aims to: 

1. Achieve a breakeven position taking one year into account with another, where income is defined as investment income and income from fundraising and donations. Income amounted to £264,600, expenditure for the year was £323,376, investment gains were £113,546, resulting in a surplus of £54,770 (2021: surplus of £687,441). 

2. To finalise legacy funding in line with legacy conditions and Charity Commission protocols. 

3. To increase grant and donation income from trusts, foundations and individuals. During the year the trust received grants and donations of £152,183 (2021: 57,800). 

## **b. Review of activities** 

The Trustees’ activities are generally conducted in line with previous years.  In addition to the general activities of the Trust, the Trustees committed an additional allocation of its resources to fund those charitable groups most affected by the Covid-19 pandemic in Greater Manchester.  An initial allocation of £300,000 was agreed at the Trustees’ Meeting on 17 April 2021, of which £285,930 was expended.  All activities performed have been in line with the charitable objectives of the Trust. 

## **c. Investment policy and performance** 

Investments are managed by Investec Wealth & Investment Limited  and Torevell & Partners Limited on a discretionary or advisory basis. Their performance is measured against a range of indices appropriate to the portfolio. The investment policy is to hold marketable securities, both in direct equity holdings and in managed funds quoted on recognised markets, selected by the Investment Managers and Advisers whose details are found on page 1.  The objective is to maintain the capital funds in line with or in excess of benchmark (subject to market fluctuations) and to provide income in support of our charitable aims. 

The yield on the Investec investment portfolio at the end of the year dated 31 March 2022 was 2.1%. The benchmark figures were a gain of 7.5% over the same period. 

The total return on the Torevell & Partners portfolio was an increase in capital value of 7.8% and a dividend income of 2.5%. 

Over the same period, a combination of the FTSE All-share Index of UK shares and the FTSE UK Conventional Gilts or Stock Index would have provided capital appreciation of 6.7% and income 3.3%. 

Page 3 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022** 

## **Financial review** 

## **a. Going concern** 

After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. 

Net assets at 31 March 2022 stood at £5,375,597 (2021: £5,320,827) with a surplus for the year including legacy income of £54,770 (2021: surplus of £687,441). 

The surplus was £65,752 (2021: surplus of £741,085) on unrestricted funds and a deficit of £10,982 (2021: deficit of  £53,644) on restricted funds. 

As stated above, upon the impact of Covid 19 becoming apparent, the Trustees agreed to allocate resources from the Trust funds. The special donations under this heading amounting to £30,525 were approved in the year to 31 March 2022 and are reflected in the Financial Statements. 

As the fund assets are principally marketable investments, the change in stock market values has affected the overall investment assets of the funds. The charity is a grant-making Body and is dependent upon changing market forces to deliver its income and realised capital gains to enable it to fund grant applications. 

In light of the above, the Trustees do not consider that there will be any material effect on the adoption of the going concern basis of accounting due to the strong asset base and reserves position. 

## **b. Reserves policy** 

The trustees feel it is appropriate to maintain liquidity of eighteen months’ anticipated recurring income (approximately £260,000) to safeguard against an unexpected shortfall in income, to meet an increased level of grant applications which they would wish to implement and to fund a longer term project should the opportunity arise. 

The policy is to spend the income arising on investments when taking a balanced view over several years, together with realised gains on sales of assets (when appropriate). Capital growth will be retained to provide future investment income and preserve the value of the investment portfolio. 

The value of free reserves not invested at the balance sheet date is £451,723 and the Trustees plan to use these reserves with the award of further grants at a projected rate of £100,000 for the current year. 

## **Structure, governance and management** 

## **a. Constitution** 

Greater Manchester High Sheriff's Police Trust is a registered charity, number 1040579, and is constituted under a Trust deed. 

## **b. Methods of appointment or election of Trustees** 

The Trust is governed by a body of Trustees who have the sole and entire management of the business of the Trust. Trustees are sought in a variety of ways including recommendation from existing trustees or supporters. Potential trustees are scrutinised by the Board of Trustees before being invited to serve. 

Page 4 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

**TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022** 

## **Structure, governance and management (continued)** 

## **c. Organisational structure and decision-making policies** 

It has hitherto been the practice to hold full Board Meetings of Trustees four times per year. During the pandemic, such Meetings were held by Zoom or by Conference Telephone Conversation, such that the reporting procedures and grant approval matters have not been adversely affected. Physical meetings were resumed in November 2021. 

## **d. Policies adopted for the induction and training of Trustees** 

The Trust is aware of the need to ensure that all Trustees are adequately trained and are aware of their responsibilities, and are reviewing potential training programmes for the coming year. 

## **e. Financial risk management** 

The Board of Trustees has assessed the major risks to which the charity is exposed and is constantly reviewing the main areas of risk. This is with particular reference to those related to the operations and finances of the charity, and are satisfied that systems are in place to manage the Trust’s exposure to major risks. 

## **Plans for future periods** 

The Charity is constantly reviewing its activities to achieve the aims referred to above for the benefit of the Greater Manchester public. Future developments will be determined through the quarterly meetings of the Trustees to ensure that the Charity continues to maximise its impact in relation to making the area safer and enhancing the quality of life for communities through the prevention of crime. 

## **Information on Fundraising Practices** 

The charity had no fundraising activities requiring disclosure under s162A of the Charities Act 2011. 

Page 5 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **TRUSTEES' REPORT (CONTINUED) for the year ended 31 March 2022** 

## **Statement of Trustees' responsibilities** 

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial  which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: 

- select suitable accounting policies and then apply them consistently; 

- observe the methods and principles of the Charities SORP (FRS 102); 

- make judgments and accounting estimates that are reasonable and prudent; 

- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; 

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. 

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

## **Disclosure of information to auditor** 

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that: 

- so far as that Trustee is aware, there is no relevant audit information of which the charity's auditor is unaware, and 

- that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditor is aware of that information. 

## **Auditor** 

The auditor, Crowe U.K. LLP, has indicated his willingness to continue in office. The designated Trustees will propose a motion reappointing the auditor at a meeting of the Trustees. 

Approved by order of the board of Trustees on _________________________________________________ and signed on their behalf by: 

## **Sharman Birtles DL** 

Page 6 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **Opinion** 

We have audited the financial statements of Greater Manchester High Sheriff's Police Trust (the 'charity') for the year ended 31 March 2022 which comprise the Statement of financial activities, the Balance sheet, the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the Charity's affairs as at 31 March 2022 and of its incoming resources and application of resources, including its income and expenditure for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and in other respects the requirements of the Charities Act 2011. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 

Page 7 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST (CONTINUED)** 

## **Other information** 

The other information comprises the information included in the Annual report other than the financial statements and our Auditor's report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## **Opinion on other matters** 

In our opinion, based on the work undertaken in the course of the audit: 

- the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements. 

- the Trustees' report has been prepared in accordance with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In the light of our knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' report. 

We have nothing to report in respect of the following matters in relation to which Charities Act 2011 requires us to report to you if, in our opinion: 

- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of Trustees' remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit; or 

## **Responsibilities of trustees** 

As explained more fully in the Trustees' responsibilities statement, the Trustees are responsible for the preparation of the financial statements and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the Trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. 

Page 8 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST (CONTINUED)** 

## **Auditor's responsibilities for the audit of the financial statements** 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then designed and performed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion. 

We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Charities Act 2011. 

Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence, if any. 

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management and completeness of income. Our audit procedures to respond to these risks included enquiries of management about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals and reviewing accounting estimates for biases. Our audit approach for income was to being our testing from source documentation such as grant agreements, donation documentation and investment reports. 

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards.  We are not responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws and regulations. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report. 

Page 9 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST (CONTINUED)** 

## **Use of our report** 

This report is made solely to the Charity's trustees, as a body, in accordance with Charities Act 2011. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity and its trustees, as a body, for our audit work, for this report, or for the opinions we have formed. 

## **Crowe U.K. LLP** 

Statutory Auditor 3rd floor 

The Lexicon Mount Street 

Manchester 

M2 5NT 

Date: 

Page 10 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 March 2022** 

|**Note**<br>**Income from:**<br>Donations and legacies<br>4<br>Investments<br>5<br>**Total income**<br>**Expenditure on:**<br>Raising funds<br>6,7<br>Charitable activities<br>10<br>**Total expenditure**<br>**Net expenditure before net gains on**<br>**investments**<br>Net gains on investments<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>Net movement in funds<br>**Total funds carried forward**|**Restricted**<br>**funds**<br>**2022**<br>**£**<br>**3,300**<br>**-**<br>**3,300**<br>**-**<br>**14,282**<br>**14,282**<br>**(10,982)**<br>**-**<br>**(10,982)**<br>**70,684**<br>**(10,982)**<br>**59,702**|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**148,883**<br>**112,417**<br>**261,300**<br>**54,712**<br>**254,382**<br>**309,094**<br>**(47,794)**<br>**113,546**<br>**65,752**<br>**5,250,143**<br>**65,752**<br>**5,315,895**|**Total**<br>**funds**<br>**2022**<br>**£**<br>**152,183**<br>**112,417**<br>**264,600**<br>**54,712**<br>**268,664**<br>**323,376**<br>**(58,776)**<br>**113,546**<br>**54,770**<br>**5,320,827**<br>**54,770**<br>**5,375,597**|_Total_<br>_funds_<br>_2021_<br>_£_<br>_57,800_<br>_114,296_<br>_172,096_<br>_33,210_<br>_415,555_<br>_448,765_<br>_(276,669)_<br>_964,110_<br>_687,441_<br>_4,633,386_<br>_687,441_<br>_5,320,827_|
|---|---|---|---|---|



The Statement of financial activities includes all gains and losses recognised in the year. 

The notes on pages 14 to 32 form part of these financial statements. 

Page 11 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **BALANCE SHEET as at 31 March 2022** 

|**Note**<br>**Fixed assets**<br>Investments<br>14<br>**Current assets**<br>Debtors<br>15<br>Cash at bank and in hand<br>Creditors: amounts falling due within one<br>year<br>16<br>**Net current assets**<br>**Total net assets**<br>**Charity funds**<br>Restricted funds<br>17<br>Unrestricted funds<br>17<br>**Total funds**|**5,310**<br>**454,763**<br>**460,073**<br>**(8,350)**|**2022**<br>**£**<br>**4,923,874**<br>**4,923,874**<br>**451,723**<br>**5,375,597**<br>**59,702**<br>**5,315,895**<br>**5,375,597**|_262_<br>_476,553_<br>_476,815_<br>_(8,100)_|_2021_<br>_£_<br>_4,852,112_|
|---|---|---|---|---|
|||||_4,852,112_<br>_468,715_|
||||||
|||||_5,320,827_|
|||||_70,684_<br>_5,250,143_|
||||||
|||||_5,320,827_|



The financial statements were approved and authorised for issue by the Trustees on _________________________________________________ and signed on their behalf by: 

## **Sharman Birtles DL** 

## Trustee 

The notes on pages 14 to 32 form part of these financial statements. 

Page 12 



## **GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **STATEMENT OF CASH FLOWS for the year ended 31 March 2022** 

|**Note**<br>**Cash flows from operating activities**<br>Net cash used in operating activities<br>19<br>**Cash flows from investing activities**<br>Dividends, interests and rents from investments<br>Proceeds from sale of investments<br>Purchase of investments<br>**Net cash provided by/(used in) investing activities**<br>**Cash flows from financing activities**<br>**Net cash provided by financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**<br>20<br>The notes on pages 14 to 32 form part of these financial statements|**2022**<br>**£**<br>**(175,991)**<br>**112,417**<br>**41,784**<br>**-**<br>**154,201**<br>**-**<br>**(21,790)**<br>**476,553**<br>**454,763**|_2021_<br>_£_<br>_(388,403)_<br>_114,265_<br>_29,823_<br>_(500,000)_<br>**(355,912)**<br>**-**<br>**(744,315)**<br>_1,220,868_<br>_476,553_|
|---|---|---|



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**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **1. General information** 

The entity is an unincorporated charity, registered at Charities Commission. Further details can be found in the Reference and Administrative Information page. 

## **2. Accounting policies** 

## **2.1 Basis of preparation of financial statements** 

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. 

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019. 

Greater Manchester High Sheriff's Police Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. 

## **2.2 Going concern** 

The charity has as significant level of reserves, investments and cash holdings upon which to operate. As a grant giving orgnisation, the charity is able to adapt its funding commitments readily. On this basis, the trustees consider the charity to be a going concern. 

Trustees will continue to monitor the changing market and review budgets accordingly. 

## **2.3 Income** 

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. 

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. 

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 

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**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **2. Accounting policies (continued)** 

## **2.4 Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. 

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. 

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. 

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. 

## **2.5 Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. 

## **2.6 Investments** 

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities. 

## **2.7 Debtors** 

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 

## **2.8 Cash at bank and in hand** 

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

Page 15 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **2. Accounting policies (continued)** 

## **2.9 Liabilities and provisions** 

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. 

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. 

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 

## **2.10 Financial instruments** 

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

## **2.11 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. 

Investment income, gains and losses are allocated to the appropriate fund. 

## **3. Critical accounting estimates and areas of judgment** 

There are no estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 

Critical accounting estimates and assumptions: 

The Trustees do not consider there to be any critical accounting estimates and assumptions. 

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

Critical areas of judgment: 

The Trustees do not consider there to be any critical areas of judgment. 

Page 16 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **4. Income from donations and legacies** 

|Donations<br>Donations<br>**5.**<br>**Investment income**<br>Investment Income<br>Investment Income<br>Bank Interest|**Restricted**<br>**funds**<br>**2022**<br>**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**£**<br>3,300<br>148,883<br>_Restricted_<br>_funds_<br>_2021_<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>_£_<br>_20,300_<br>_37,500_<br>**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>112,417<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>_113,499_<br>_797_<br>_114,296_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**152,183**|
|---|---|---|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_57,800_|
|||**Total**<br>**funds**<br>**2022**<br>**£**<br>**112,417**|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_113,499_<br>_797_|
|||_114,296_|



Page 17 



## **GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **6. Expenditure on raising funds** 

## **Costs of raising voluntary income** 

||**Unrestricted**|**Total**|_Total_|
|---|---|---|---|
||**funds**|**funds**|_funds_|
||**2022**|**2022**|_2021_|
||**£**|**£**|_£_|
|Christmas ball function|11,718|**11,718**|_-_|



## **7. Investment management costs** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Investment management fees<br>42,994<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>Investment management fees<br>_33,210_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**42,994**|
|---|---|
||_Total_<br>_funds_<br>_2021_<br>_£_<br>_33,210_|



Page 18 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **8. Analysis of direct expenditure** 

|Grants, Crime reduction awareness<br>Grants, COVID-19 community support<br>Grants, Crime reduction awareness<br>Grants, COVID-19 community support|**Grants to**<br>**Institutions**<br>**2022**<br>**£**<br>211,467<br>30,525<br>241,992<br>_Grants to_<br>_Institutions_<br>_2021_<br>_£_<br>_121,762_<br>_255,405_<br>_377,167_|**Reimbursement**<br>**of expenses**<br>**2022**<br>**£**<br>13,146<br>-<br>13,146<br>_Reimbursement of_<br>_expenses_<br>_2021_<br>_£_<br>_24,379_<br>_-_<br>_24,379_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**224,613**<br>**30,525**|
|---|---|---|---|
||||**255,138**|
||||_Total_<br>_funds_<br>_2021_<br>_£_<br>_146,141_<br>_255,405_|
||||_401,546_|



Reimbursement of expenses represent sums expended by the handlers of retired police dogs in their care and incurred to cover third party veterinary and care services and also for food purchased to maintain the dogs' wellbeing. 

Page 19 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **9. Grants to Institutions - current year** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**Crime Reduction Grants**<br>Access Sport CIO<br>4,750<br>Altrincham Sea Cadets<br>3,200<br>Boxing for Better<br>7,000<br>Broughton House<br>2,124<br>Bury Veterans Hub<br>3,036<br>Cheadle Heath Community Association<br>4,135<br>Child Safety Media<br>8,500<br>Collyhurst & Moston Boxing<br>3,500<br>Friends of Thames Valley<br>3,000<br>Greater Manchester Youth Federation<br>4,987<br>Greater Manchester Community Chaplaincy<br>3,000<br>Henshaws<br>2,656<br>Homeless Aid UK<br>5,000<br>Manchester Samaritan<br>3,098<br>Made by Mortals<br>5,620<br>MASH<br>3,500<br>Mustard Tree<br>5,000<br>Oldham Athletic Sports Trust<br>3,000<br>Oldham Greenhills CSRC<br>3,240<br>PIE<br>2,500<br>Revolving Doors Housing Trust<br>3,500<br>Salford Loaves & Fishes<br>2,500<br>Seashell Trust<br>3,500<br>Selectamark<br>4,196<br>Society Inc<br>2,802<br>Stockport Community Foundation<br>3,360<br>Stockport Lads Club<br>7,500<br>The Booth Centre<br>3,276<br>The Federation of Jewish Services<br>3,360<br>The Garden House<br>4,952<br>The Message Trust<br>3,300<br>123,092|**Total**<br>**funds**<br>**2022**<br>**£**<br>**4,750**<br>**3,200**<br>**7,000**<br>**2,124**<br>**3,036**<br>**4,135**<br>**8,500**<br>**3,500**<br>**3,000**<br>**4,987**<br>**3,000**<br>**2,656**<br>**5,000**<br>**3,098**<br>**5,620**<br>**3,500**<br>**5,000**<br>**3,000**<br>**3,240**<br>**2,500**<br>**3,500**<br>**2,500**<br>**3,500**<br>**4,196**<br>**2,802**<br>**3,360**<br>**7,500**<br>**3,276**<br>**3,360**<br>**4,952**<br>**3,300**|
|---|---|
||**123,092**|



Page 20 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **9. Grants to institutions - current year (continued)** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**Crime Reduction Grants**<br>Carried forward total<br>123,092<br>The Pankhurst Trust<br>3,500<br>Wythenshawe Community Farm<br>3,500<br>Grants £2,000 or under<br>81,375<br>**Subtotal Crime Reduction Grants**<br>**211,467**<br>**COVID-19 Grants**<br>Barnabus<br>4,900<br>British Red Cross<br>4,800<br>Broughton House<br>4,779<br>Bury Cancer Support<br>4,800<br>Henshaws<br>3,856<br>The Destitution Project<br>2,125<br>Winstanley & Worsley Mesnes<br>3,294<br>Grants £2,000 or under<br>1,971<br>**Subtotal Covid-19 Grants**<br>**30,525**<br>**Total Grants 2022**<br>241,992|**Total**<br>**funds**<br>**2022**<br>**£**<br>**123,092**|
|---|---|
||**3,500**<br>**3,500**<br>**81,375**|
||**211,467**|
||**4,900**<br>**4,800**<br>**4,779**<br>**4,800**<br>**3,856**<br>**2,125**<br>**3,294**<br>**1,971**|
||**30,525**|
|||
||**241,992**|



Page 21 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **9. Grants to Institutions - prior year** 

|**Unrestricted**<br>**funds**<br>**2021**<br>**£**<br>**Crime reduction grants**<br>Access Sport CIO<br>3,460<br>City of Salford Sea Cadets<br>3,410<br>Crime Stoppers<br>10,000<br>Crucial Crew Saftey Media<br>7,000<br>Hollinwood Scoutt Camp<br>3,500<br>Jet Black Dance Academy<br>3,500<br>Middleton & Chadderton Sea Scouts<br>3,200<br>Police Commission Clubs of GB<br>3,000<br>Rooley Moor Neighbourhood Forum<br>3,500<br>SC Community Foundation<br>3,360<br>Selectamark<br>2,994<br>Special Educational Needs Families Support Group<br>3,500<br>Seven Miles Out Arts CIC<br>3,200<br>St Johns ABC<br>3,200<br>Grants £2,000 or under<br>64,938<br>**Subtotal Crime Reduction Grants**<br>**121,762**<br>**COVID-19 Grants**<br>African Caribbean Mental<br>5,000<br>Age UK Wigan<br>3,385<br>Anthony Seddon Fund<br>4,600<br>Barnabus<br>4,740<br>British Red Cross<br>5,000<br>Broughton House<br>5,000<br>Caritas Cornerstone<br>5,000<br>Centrepoint<br>5,000<br>Child Bereavement UK<br>5,000<br>Clic Sargent<br>5,000<br>Communities for All<br>5,000<br>Emerge Fareshare<br>25,000<br>Federation of Jewish Services<br>4,650<br>Fort Alice<br>3,500<br>**85,875**|**Total**<br>**funds**<br>**2021**<br>**£**<br>**3,460**<br>**3,410**<br>**10,000**<br>**7,000**<br>**3,500**<br>**3,500**<br>**3,200**<br>**3,000**<br>**3,500**<br>**3,360**<br>**2,994**<br>**3,500**<br>**3,200**<br>**3,200**<br>**64,938**|
|---|---|
||**121,762**|
||**5,000**<br>**3,385**<br>**4,600**<br>**4,740**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**25,000**<br>**4,650**<br>**3,500**|
||**85,875**|



Page 22 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **9. Grants to Institutions - prior year (continued)** 

|**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>Carried forward total<br>85,875<br>Fur Client<br>4,920<br>Garden House<br>3,500<br>Globe Community Fitness<br>2,500<br>Glodwick Social & Lives<br>3,500<br>Greater Manchester Combined Authority<br>53,000<br>Greater Manchester Army Cadet Force<br>5,000<br>Greater Manchester Youth Network<br>4,500<br>Henshaws<br>9,776<br>Homeless Aid UK<br>5,000<br>L'Chain Foodbank<br>5,000<br>Mustard Tree<br>5,000<br>Pioneer<br>5,000<br>Reubins Retreat<br>4,000<br>Salford Children's Holiday Fund<br>4,034<br>Salford Community Radio<br>2,700<br>Salford Veterans Community Centre<br>5,000<br>Seashell Trust<br>3,600<br>Sharston Allotment Society<br>3,500<br>St James' Church<br>10,000<br>St John Ambulance<br>5,000<br>The Garden House<br>5,000<br>The Theatre of Senses CIC<br>5,000<br>Triplec<br>5,000<br>Grants £2,000 or under<br>10,000<br>**Subtotal COVID-19 Grants**<br>**255,405**<br>Total Grants 2021<br>377,167|**Total**<br>**funds**<br>**2022**<br>**£**<br>**85,875**|
|---|---|
||**4,920**<br>**3,500**<br>**2,500**<br>**3,500**<br>**53,000**<br>**5,000**<br>**4,500**<br>**9,776**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**4,000**<br>**4,034**<br>**2,700**<br>**5,000**<br>**3,600**<br>**3,500**<br>**10,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**5,000**<br>**10,000**|
||**255,405**|
||**377,167**|



Page 23 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **10. Analysis of expenditure on charitable activities** 

## **Summary by fund type** 

|Crime reduction awareness<br>COVID-19 support<br>Crime reduction awareness<br>COVID-19 support|**Restricted**<br>**funds**<br>**2022**<br>**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**£**<br>14,282<br>223,857<br>-<br>30,525<br>14,282<br>254,382<br>_Restricted_<br>_funds_<br>_2021_<br>_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>_£_<br>_73,944_<br>_86,206_<br>_-_<br>_255,405_<br>_73,944_<br>_341,611_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**238,139**<br>**30,525**|
|---|---|---|
|||**268,664**|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_160,150_<br>_255,405_|
|||_415,555_|



## **11. Analysis of expenditure by activities** 

|Crime reduction awareness<br>COVID-19 Grants|**Grant**<br>**funding of**<br>**activities**<br>**2022**<br>**£**<br>224,613<br>30,525<br>255,138|**Support**<br>**costs**<br>**2022**<br>**£**<br>13,526<br>-<br>13,526|**Total**<br>**funds**<br>**2022**<br>**£**<br>**238,139**<br>**30,525**|
|---|---|---|---|
||||**268,664**|



Page 24 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **11. Analysis of expenditure by activities (continued)** 

|Crime reduction awareness<br>COVID-19 Grants|_Grant_<br>_funding of_<br>_activities_<br>_2021_<br>_£_<br>_146,141_<br>_255,405_<br>_401,546_|_Support_<br>_costs_<br>_2021_<br>_£_<br>_14,009_<br>_-_<br>_14,009_|_Total_<br>_funds_<br>_2021_<br>_£_<br>_160,150_<br>_255,405_|
|---|---|---|---|
||||_415,555_|



## **Analysis of support costs** 

|Bank Charges<br>Equipment & Repairs<br>Hotel & Travel<br>Sundry<br>Governance costs<br>Bank Charges<br>Equipment & Repairs<br>Hotel & Travel<br>Sundry<br>Professional Fees<br>Governance costs|**Crime**<br>**reduction**<br>**awareness**<br>**2022**<br>**£**<br>111<br>1,469<br>1,974<br>1,622<br>8,350<br>13,526<br>_Crime_<br>_reduction_<br>_awareness_<br>_2021_<br>_£_<br>_145_<br>_909_<br>_2,502_<br>_1,207_<br>_270_<br>_8,976_<br>_14,009_|**Total**<br>**funds**<br>**2022**<br>**£**<br>**111**<br>**1,469**<br>**1,974**<br>**1,622**<br>**8,350**|
|---|---|---|
|||**13,526**|
|||_Total_<br>_funds_<br>_2021_<br>_£_<br>_145_<br>_909_<br>_2,502_<br>_1,207_<br>_270_<br>_8,976_|
|||_14,009_|



Page 25 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **12. Auditor's remuneration** 

||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charity's auditor for the audit of the Charity's annual|||
|accounts|**7,575**|_7,350_|
|Fees payable to the Charity's auditor in respect of:|||
|Auditor remuneration  - accounts|**775**|_750_|



## **13. Trustees' remuneration and expenses** 

During the year, no Trustees received any remuneration or other benefits _(2021 - £NIL)_ . 

During the year ended 31 March 2022, no Trustee expenses have been incurred _(2021 - £NIL)_ . 

## **14. Fixed asset investments** 

|**Cost or valuation**<br>At 1 April 2021<br>Disposals<br>Revaluations<br>At 31 March 2022<br>**Net book value**<br>At 31 March 2022<br>_At 31 March 2021_|**Listed**<br>**investments**<br>**£**<br>**4,852,112**<br>**(41,784)**<br>**113,546**|
|---|---|
||**4,923,874**|
||**4,923,874**|
||_4,852,112_|



Page 26 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **15. Debtors** 

|Prepayments and accrued income|**2022**<br>**£**<br>**5,310**<br>**5,310**|_2021_<br>_£_<br>_262_|
|---|---|---|
||||
|||_262_|



## **16. Creditors: Amounts falling due within one year** 

||**2022**|_2021_|
|---|---|---|
||**£**|_£_|
|Accruals and deferred income|**8,350**|_8,100_|



Page 27 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **17. Statement of funds** 

## **Statement of funds - current year** 

|**Unrestricted funds**<br>General Funds - all funds<br>**Restricted funds**<br>John Armstrong Welch<br>Memorial Garden<br>Bessie Walker Bequest - Police<br>Dogs<br>B Schreiber Retired Police Dog<br>Food Fund<br>Young Citizens Award<br>**Total of funds**|**Balance at 1**<br>**April 2021**<br>**£**<br>**5,250,143**<br>**3,130**<br>**59,051**<br>**-**<br>**8,503**<br>**70,684**<br>**5,320,827**|**Income**<br>**£**<br>**261,300**<br>**-**<br>**-**<br>**3,300**<br>**-**<br>**3,300**<br>**264,600**|**Expenditure**<br>**£**<br>**(309,094)**<br>**-**<br>**(9,846)**<br>**(3,300)**<br>**(1,136)**<br>**(14,282)**<br>**(323,376)**|**Gains/**<br>**(Losses)**<br>**£**<br>**113,546**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**113,546**|**Balance at**<br>**31 March**<br>**2022**<br>**£**<br>**5,315,895**|
|---|---|---|---|---|---|
||||||**3,130**<br>**49,205**<br>**-**<br>**7,367**|
||||||**59,702**|
||||||**5,375,597**|



Page 28 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **17. Statement of funds (continued)** 

## **Statement of funds - prior year** 

|**Unrestricted funds**<br>General Funds - all funds<br>**Restricted funds**<br>John Armstrong Welch Project<br>John Armstrong Welch<br>Memorial Garden<br>Recovery Fund<br>Road Policing<br>Bessie Walker Bequest - Police<br>Dogs<br>USAFE<br>CAGGK<br>We Stand Together<br>B Schreiber Retired Police Dog<br>Food Fund<br>Young Citizens Award<br>**Total of funds**|_Balance at_<br>_1 April 2020_<br>_£_<br>_4,509,058_<br>_16,324_<br>_3,130_<br>_750_<br>_5,761_<br>_71,634_<br>_26,343_<br>_59_<br>_327_<br>_-_<br>_-_<br>_124,328_<br>_4,633,386_|_Income_<br>_£_<br>_151,796_<br>_-_<br>_-_<br>_-_<br>_-_<br>_5,500_<br>_-_<br>_-_<br>_-_<br>_4,800_<br>_10,000_<br>_20,300_<br>_172,096_|_Expenditure_<br>_£_<br>_(374,821)_<br>_(16,324)_<br>_-_<br>_(750)_<br>_(5,761)_<br>_(18,083)_<br>_(26,343)_<br>_(59)_<br>_(327)_<br>_(4,800)_<br>_(1,497)_<br>_(73,944)_<br>_(448,765)_|_Gains/_<br>_(Losses)_<br>_£_<br>_964,110_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_-_<br>_964,110_|_Balance at_<br>_31 March_<br>_2021_<br>_£_<br>_5,250,143_|
|---|---|---|---|---|---|
||||||_-_<br>_3,130_<br>_-_<br>_-_<br>_59,051_<br>_-_<br>_-_<br>_-_<br>_-_<br>_8,503_|
||||||_70,684_|
||||||_5,320,827_|



Page 29 



**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **17. Statement of funds (continued)** 

## B Schreiber Retired Dog Dog Food Fund 

The fund allows for the provision of dog food up to the value of £180 to retired police dogs still in the care of their handler. 

## - Bessie Walker Bequest Police Dogs 

A specific request was made to make provisions for the upkeep and well-being of retired police dogs by their handlers who are current or were former Greater Manchester Police Officers and to enable equipment to be purchased for the benefit of the police dog unit for items outside the agreed Greater Manchester Police budget. 

## Young Citizens Award 

An awards ceremony sponsorship funding the annual event created to reward the exceptional commitment of young people to social action, community engagement and philanthropy across Greater Manchester. 

## John Armstrong Welch Memorial Garden 

The John Armstrong Welch Memorial Garden was funded by the late Senior Police Officer’s Family, who wish to perpetuate their relative’s memory. 

Spend has been completed on the John Armstrong Welch Project, Road Policing, USAFE, CAGGK, We Stand Together and the Recovery Fund in line with the restrictions. 

## **18. Analysis of net assets between funds** 

## **Analysis of net assets between funds - current year** 

|Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|**Restricted**<br>**funds**<br>**2022**<br>**Unrestricted**<br>**funds**<br>**2022**<br>**£**<br>**£**<br>-<br>4,923,874<br>59,702<br>400,371<br>-<br>(8,350)<br>59,702<br>5,315,895|**Total**<br>**funds**<br>**2022**<br>**£**<br>**4,923,874**<br>**460,073**<br>**(8,350)**<br>**5,375,597**|
|---|---|---|



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**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **18. Analysis of net assets between funds (continued)** 

## **Analysis of net assets between funds - prior year** 

|Fixed asset investments<br>Current assets<br>Creditors due within one year<br>**Total**|_Restricted_<br>_funds_<br>_2021_<br>_£_<br>_-_<br>_70,684_<br>_-_<br>_70,684_|_Unrestricted_<br>_funds_<br>_2021_<br>_£_<br>_4,852,112_<br>_406,131_<br>_(8,100)_<br>_5,250,143_|_Total_<br>_funds_<br>_2021_<br>_£_<br>_4,852,112_<br>_476,815_<br>_(8,100)_<br>_5,320,827_|
|---|---|---|---|



## **19. Reconciliation of net movement in funds to net cash flow from operating activities** 

|Net income for the year (as per Statement of Financial Activities)<br>**Adjustments for:**<br>Losses on investments<br>Dividends, interests and rents from investments<br>Increase in debtors<br>Increase in creditors<br>**Net cash used in operating activities**<br>**20.**<br>**Analysis of cash and cash equivalents**<br>Cash in hand<br>**Total cash and cash equivalents**|**2022**<br>**£**<br>**54,770**<br>**(113,546)**<br>**(112,417)**<br>**(5,048)**<br>**250**<br>**(175,991)**<br>**2022**<br>**£**<br>**454,763**<br>**454,763**|_2021_<br>_£_<br>_687,441_<br>_(964,110)_<br>_(114,265)_<br>_1,595_<br>_936_<br>_(388,403)_<br>_2021_<br>_£_<br>_476,553_<br>_476,553_|
|---|---|---|



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**GREATER MANCHESTER HIGH SHERIFF'S POLICE TRUST** 

## **NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022** 

## **21. Analysis of changes in net debt** 

|Cash at bank and in hand|**At 1 April**<br>**2021**<br>**£**<br>**476,553**<br>**476,553**|**Cash flows**<br>**£**<br>**(21,790)**<br>**(21,790)**|**At 31 March**<br>**2022**<br>**£**<br>**454,763**|
|---|---|---|---|
||||**454,763**|



## **22. Related party transactions** 

The trustees hold a variety of roles in other organisations where they could influence policies and procedures. A number of these organisations (listed below) have been awarded grants during the year. Members of the grant award panel do not vote on the awarding of the grants to organisations in which they hold a role. As at 31 March 2022 no amounts were due to any of the organisations listed below (2021: £nil). All figures listed below related to the year ended 31 March 2022 unless otherwise stated: 

|Fort Alice|£426|
|---|---|
|The Pankhurst Trust|£3,500|
|Mustard Tree|£5,000|
|The Federation of Jewish Services|£3,360|



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