Company registration number: 03837167 Charity registration number: 1085497
The Avon and Somerset Constabulary Benevolant Fund
(A company limited by guarantee)
Annual Report and Financial Statements
for the period from 1 January 2022 to 30 December 2022
Newsham Hanson Accountants Limited Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS21 7NP
The Avon and Somerset Constabulary Benevolant Fund
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 to 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 to 19 |
The Avon and Somerset Constabulary Benevolant Fund
Reference and Administrative Details
Chairman S Crew Charity Registration Number 1085497 Company Registration Number 03837167
The charity is incorporated in England & Wales. Registered Office Avon & Somerset Constabulary PO Box 87 Valley Road Portishead Bristol BS20 8QJ Independent Examiner Newsham Hanson Accountants Limited Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS21 7NP
Page 1
The Avon and Somerset Constabulary Benevolant Fund
Trustees' Report
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the period ended 30 December 2022.
Objectives and activities
Objects and aims
The objectives of The Avon and Somerset Constabulary Benevolent Fund (hereafter referred to as ‘the Fund’) are as follows;
a) To support and to make grants and donations to persons and organisations who are concerned with the provision of relief in cases of need, including the following:
(i) The Gurney Fund
(ii) The Police Convalescent Home
(iii) The Police Dependants’ Trust
(iv) The Widows’ Funds of the former Bath City Police, the former Bristol Constabulary and the former Somerset Constabulary.
b) To relieve by grants or loans or otherwise necessitous members of the following, particular consideration being given to those in hospital or convalescence:
(i) The Constabulary
(ii) Pensioned Members of the Constabulary
(iii) Pensioned members of the former Bath City Police, the former Bristol Constabulary, the former Somerset Constabulary and the former Somerset and Bath Constabulary, together with necessitous widows and dependants of any such persons.
c) In exceptional circumstances grants and loans may be made to other persons who are in need and who in the opinion of the Management Committee are closely connected with the constabulary or with former Police Forces as listed in (b) above.
Grants are made at the discretion of the Trustees, based on applications received.
Public benefit
We have referred to the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives. All of these aims are undertaken to further our objectives for the public benefit.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Fund has adequate resources to continue in operational existence for the foreseeable future. The Fund has been able to continue its charitable activities and maintain a strong cash position. 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.
Page 2
The Avon and Somerset Constabulary Benevolant Fund
Trustees' Report
Trustees and officers
The trustees and officers serving during the year and since the year end were as follows:
Trustees:
S Crew M Loker R Wand (appointed 7 April 2022) A Farooq (appointed 7 April 2022) K Corrigan N Last T Robinson A Henley S Jewell C McKinnell (appointed 14 September 2023) A Jennison A Duncan (appointed 14 September 2023) J Turner M Edgington S Lancey (appointed 7 April 2022)
Chairman:
S Crew
Structure, governance and management
Nature of governing document
The Fund is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 7 September 1999 .
Recruitment and appointment of trustees
The management of the Fund is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
The Trustees shall comprise the following:
a) The Chief Constable of the Force
b) The Welfare Officer of the Force
c) The Secretary
d) The Treasurer to the charity
e) Three pensioner members of the National Association of Retired Police Officers nominated by the local branches
f) One member representing the territorial and departmental districts of the Force
g) Two members of the Joint Branch Board of the Police Federation nominated by the local Joint Branch Board
The Trustees shall have the power of co-opting up to three additional trustees and termination of any co-option.
Page 3
The Avon and Somerset Constabulary Benevolant Fund
Trustees' Report
Induction and training of trustees
The Trustees continually review the number of trustees and recruits when required. New Trustees have their responsibilities explained by the existing Trustees and other professional advisors as appropriate.
Financial instruments
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity’s policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity’s activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables, and investments. The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
Statement of trustees' responsibilities
The trustees (who are also the directors of The Avon and Somerset Constabulary Benevolant Fund for the purposes of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".
Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and apply them consistently;
-
observe the methods and principles in the Charities SORP;
Page 4
The Avon and Somerset Constabulary Benevolant Fund
Trustees' Report
-
make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards, comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
The annual report was approved by the trustees of the charity on 29 September 2023 and signed on its behalf by:
......................................... S Lancey Trustee
Page 5
The Avon and Somerset Constabulary Benevolant Fund
Independent Examiner's Report to the trustees of The Avon and Somerset Constabulary Benevolant Fund ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 December 2022.
Responsibilities and basis of report
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of The Avon and Somerset Constabulary Benevolant Fund as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
...................................... Newsham Hanson Accountants Limited
Edinburgh House 1-5 Bellevue Road Clevedon North Somerset BS21 7NP
29 September 2023
Page 6
The Avon and Somerset Constabulary Benevolant Fund
Statement of Financial Activities for the Period from 1 January 2022 to 30 December 2022
(Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
| Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5 Other expenditure 6 Total expenditure Gains/losses on investment assets Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 Note Income and Endowments from: Donations and legacies 3 Investment income 4 Total income Expenditure on: Raising funds 5 Other expenditure 6 Total expenditure Gains/losses on investment assets Net income Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 14 |
Unrestricted funds £ 23,851 13,522 37,373 (54,870) (4,261) (59,131) 90,351 68,593 68,593 1,195,474 1,264,067 Unrestricted funds £ 14,866 18,964 33,830 (10,842) (13,418) (24,260) 108,928 118,498 118,498 1,076,976 1,195,474 |
Total 2022 £ 23,851 13,522 |
|---|---|---|
| 37,373 | ||
| (54,870) (4,261) |
||
| (59,131) 90,351 |
||
| 68,593 | ||
| 68,593 1,195,474 |
||
| 1,264,067 | ||
| Total 2021 £ 14,866 18,964 |
||
| 33,830 | ||
| (10,842) (13,418) |
||
| (24,260) 108,928 |
||
| 118,498 | ||
| 118,498 1,076,976 |
||
| 1,195,474 |
The notes on pages 10 to 19 form an integral part of these financial statements. Page 7
The Avon and Somerset Constabulary Benevolant Fund
Statement of Financial Activities for the Period from 1 January 2022 to 30 December 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2021 is shown in note 14.
The notes on pages 10 to 19 form an integral part of these financial statements. Page 8
The Avon and Somerset Constabulary Benevolant Fund
(Registration number: 03837167) Balance Sheet as at 30 December 2022
| Note Fixed assets Investments 10 Current assets Debtors 11 Cash at bank and in hand 12 Creditors: Amounts falling due within one year 13 Net current assets Net assets Funds of the charity: Unrestricted income funds Unrestricted funds Total funds 14 |
2022 £ 989,634 66,219 210,615 276,834 (2,401) 274,433 1,264,067 1,264,067 1,264,067 |
2021 £ 899,283 49,737 250,454 |
|---|---|---|
| 300,191 (4,000) |
||
| 296,191 | ||
| 1,195,474 | ||
| 1,195,474 | ||
| 1,195,474 |
For the financial period ending 30 December 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the charity to obtain an audit of its accounts for the period in question in accordance with section 476; and
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements on pages 7 to 19 were approved by the trustees, and authorised for issue on 29 September 2023 and signed on their behalf by:
......................................... S Lancey Trustee
The notes on pages 10 to 19 form an integral part of these financial statements. Page 9
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
1 Charity status
The charity is limited by guarantee, incorporated in England & Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.
The address of its registered office is: Avon & Somerset Constabulary PO Box 87 Valley Road Portishead Bristol BS20 8QJ
These financial statements were authorised for issue by the trustees on 29 September 2023.
2 Accounting policies
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Basis of preparation
The Avon and Somerset Constabulary Benevolant Fund 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 notes.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.
Income and endowments
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 the income receivable can be measured reliably.
Page 10
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Donations and legacies
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Grant expenditure
Grants payable are payments made to third parties in the furtherance of the charitable objectives. Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the Statement of Financial Activities once the recipient of the grant has provided the specific service or output.
Grants payable without performance conditions are recognised in the accounts when a commitment has been made and communicated to the recipient, and there are no conditions to be met relating to the grant which remain in the control of the charity.
Grant provisions
Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the period, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the period and are credited or charged to the Statement of Financial Activities based on the market value at the period end.
Page 11
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Foreign exchange
Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are reported at the rates of exchange prevailing at that date.
The results of overseas operations are translated at the average rates of exchange during the period and their balance sheets at the rates ruling at the balance sheet date. Exchange differences arising on translation of the opening net assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non-controlling interests as appropriate).
Other exchange differences are recognised in the Statement of Financial Activities in the period in which they arise except for:
1) exchange differences on transactions entered into to hedge certain foreign currency risks (see above);
2) exchange differences arising on gains or losses on non-monetary items which are recognised in other comprehensive income; and
3) in the case of the consolidated financial statements, exchange differences on monetary items receivable from or payable to a foreign operation for which settlement is neither planned nor likely to occur (therefore forming part of the net investment in the foreign operation), which are recognised in other comprehensive income and reported under equity.
Page 12
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Financial instruments
Classification
Financial assets and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right to set off the recognised amounts and the charity intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Financial assets are derecognised when and only when a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the charity transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.
Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.
Page 13
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Debt instruments
Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method:
(a) The contractual return to the holder is (i) a fixed amount; (ii) a positive fixed rate or a positive variable rate; or (iii) a combination of a positive or a negative fixed rate and a positive variable rate.
(b) The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single relevant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged.
(c) The contract may provide for a determinable variation of the return to the holder during the life of the instrument, provided that (i) the new rate satisfies condition (a) and the variation is not contingent on future events other than (1) a change of a contractual variable rate; (2) to protect the holder against credit deterioration of the issuer; (3) changes in levies applied by a central bank or arising from changes in relevant taxation or law; or (ii) the new rate is a market rate of interest and satisfies condition (a).
(d) There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable to the current period or prior periods.
(e) Contractual provisions that permit the issuer to prepay a debt instrument or permit the holder to put it back to the issuer before maturity are not contingent on future events, other than to protect the holder against the credit deterioration of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant taxation or law.
(f) Contractual provisions may permit the extension of the term of the debt instrument, provided that the return to the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs (a) to (c).
Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measured at the undiscounted amount of the cash or other consideration expected to be paid or received, net of impairment.
With the exception of some hedging instruments, other debt instruments not meeting these conditions are measured at fair value through profit or loss.
Commitments to make and receive loans which meet the conditions mentioned above are measured at cost (which may be nil) less impairment.
Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment.
Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored.
Page 14
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Derivative financial instruments
The charity uses derivative financial instruments to reduce exposure to foreign exchange risk and interest rate movements. The charity does not hold or issue derivative financial instruments for speculative purposes.
Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of financial activities depends on the nature of the hedge relationship.
Fair value measurement
The best evidence of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction took place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique.
3 Income from donations and legacies
| Donations and legacies; Donations from individuals Total for period ended 30 December 2022 Total for period ended 31 December 2021 |
Unrestricted funds General £ 23,851 23,851 14,866 |
Total funds £ 23,851 |
|---|---|---|
| 23,851 | ||
| 14,866 |
4 Investment income
| Other income from fixed asset investments Total for period ended 30 December 2022 Total for period ended 31 December 2021 |
Unrestricted funds General £ 13,522 13,522 18,964 |
Total funds £ 13,522 |
|---|---|---|
| 13,522 | ||
| 18,964 |
Page 15
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
5 Expenditure on raising funds
a) Costs of generating donations and legacies
| Note Grants Total for period ended 30 December 2022 Total for period ended 31 December 2021 6 Other expenditure Note Independent examiner fees Examination of the financial statements Legal fees Total for period ended 30 December 2022 Total for period ended 31 December 2021 |
Unrestricted funds General £ 54,870 54,870 10,842 Unrestricted funds General £ 2,223 2,038 4,261 13,418 |
Total funds £ 54,870 |
|---|---|---|
| 54,870 | ||
| 10,842 | ||
| Total costs £ Total funds £ 2,223 2,038 |
||
| 4,261 | ||
| 13,418 |
Page 16
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
7 Trustees remuneration and expenses
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
8 Independent examiner's remuneration
----- Start of picture text -----
2022 2021
£ £
Examination of the financial statements 2,223 4,374
----- End of picture text -----
9 Taxation
The charity is a registered charity and is therefore exempt from taxation.
10 Fixed asset investments
----- Start of picture text -----
2022 2021
£ £
Other investments 989,634 899,283
----- End of picture text -----
Page 17
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
Other investments
| Cost or Valuation At 1 January 2022 Revaluation At 30 December 2022 Net book value At 30 December 2022 At 31 December 2021 11 Debtors Other debtors 12 Cash and cash equivalents Cash at bank 13 Creditors: amounts falling due within one year Other creditors Accruals 14 Funds Balance at 1 January 2022 £ Incoming resources £ Unrestricted funds General 1,195,474 37,373 |
Unlisted investments £ 899,283 90,351 |
Total £ 899,283 90,351 989,634 989,634 899,283 2021 £ 49,737 |
||
|---|---|---|---|---|
| 989,634 | ||||
| 989,634 | ||||
| 899,283 | ||||
| 2022 £ 66,219 2022 £ 210,615 2022 £ 1 2,400 2,401 Resources expended £ 31,220 |
||||
| 2021 £ 250,454 |
||||
| 2021 £ - 4,000 |
||||
| 4,000 | ||||
| Balance at 30 December 2022 £ 1,264,067 |
Page 18
The Avon and Somerset Constabulary Benevolant Fund
Notes to the Financial Statements for the Period from 1 January 2022 to 30 December 2022
| Unrestricted funds General |
Balance at 1 January 2021 £ 1,076,976 |
Incoming resources £ 33,830 |
Resources expended £ 84,668 |
Balance at 31 December 2021 £ 1,195,474 |
|---|---|---|---|---|
15 Analysis of net assets between funds
| Fixed asset investments Current assets Current liabilities Total net assets Fixed asset investments Current assets Current liabilities Total net assets 16 Analysis of net funds Cash at bank and in hand Net debt Net debt |
Unrestricted funds General £ 989,634 276,834 (2,401) 1,264,067 Unrestricted funds General £ 899,283 300,191 (4,000) 1,195,474 At 1 January 2022 £ 250,454 250,454 At 1 January 2021 £ - |
Total funds at 30 December 2022 £ 989,634 276,834 (2,401) |
|---|---|---|
| 1,264,067 | ||
| Total funds at 31 December 2021 £ 899,283 300,191 (4,000) |
||
| 1,195,474 | ||
| At 30 December 2022 £ 250,454 250,454 At 31 December 2021 £ - |
Page 19