REGISTERED CHARITY NUMBER. 1087525 Report of the Trustees and Financial Statements forthe Year Ended 31st March 2025 for West MerGia Police Welfare Fund The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WRI 1RU
West Mercia Police Welfare Fund Contents of the Financial Statements for the Year Ended 31st March 2025 Page Report of the Trustees Independènt Examinerfs Report Statement of Financial Activities BalanGe Sheet Notes to the Financial Statements 7 to 14 Detailed Statement of Financial Activities 15
West Mercia Pollce Welfare Fund Report of the Trustees fortho Year Ended 31st March 2025 The trustees present their report with the financial statements of the charity for the year ended 31st March 2025 The Iruslees have adopted the provisions of Accounting and Reporting by Charities Statement of Recommended Practice applicable lo chanlies preparing their accounts In accordance wth the Finanual Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021 (effectsve 1 January 2019) OBJECTIVES AND ACTIVITIES Charity's objects The chariws objects are lo relleve In cases of need, contributing members, past and present, of the Wesl Mercia Constabulary and their families and dependents who are sick, convalescent, disabled, handicapped or Infirm or may be In necessitous or Impoverished ¢ondilion, or who 8re suffering from temporary financial hardship, by providing, or paying for, Items, services or facilities which are calculated to alleviate the suffenng or assist the recovery of such persons In such cases, bul are not readily available from other sources, or by providing monetary grants or loans Such grants or loans wll be at the discretion of the Execulive Committee upon such temis as seem fil Ensurlng our work deljvers our alms Each year our aimg, objectives and activities are reviewed, based on the outcome of our work In the previous 12 months, to ensure they slill reflect and further our aims and legal purposes In our planning, setting objectives and determining our activities the Iruslees have paid due regard to the 'General Guidance on Public Beneffl. published by the Charity Commission In so doing, the Trustees consider the aclivilies planned and how they further the aims and objectives they have sel The success of activities Is reviewed each year In the oonlexl of benefits they bring to those groups of People we are set up lo help Social benefit By carrying out our aims and obieGttves the Iruste6s have demonstrated their due regard lo the guidan published by the Charity Commission on public benefit by promoling the se)vices and support available to members. and fomier members, and their dependents who olhemise would be relianl on public funds for any asgislance Grant and loan making policy Emergency grants and loans are made by the Executive Committee following the prOdureS as sel out In the Constitution Applications are received by the Fund and then given consideration by a minimum of three members of the Executive Commillee The grants and loans made by the three members are then reported to the full Executive Committee al the next meeting of the said Committee The Executive Committee meets quarterly ACHIEVEMENTS AND PERFORMANCE Charitable activities The charity receives Income. principally from the members as subscriptions The subscription received contains an element relating lo subscnptions payab16 to Flint House Police Rehabilitation Followng Flint House Police Rehabilitation Increasing their prices per member In previous year8 the charity made the dec5sion not to Increase their membership subscnplion8, resulting In the chanly paying out more In subsciiplions to Flint House Police Rehabilitation than the charity was receiving Dunng the year the chanly Issued grants to deserving members tolalling £13,821 12024 £15,496), funded therapy sessions on behalf of members lotalling £700 (2024 £7.994) and had at the year end Interest free loans to deserving members In Issue of £23,486 (2024 - £59,259) The charity also owns a slalic caravan which w8s made available to members for holiday rent, or provided free of charge In deserving Cases as wellbeing support After th8 year end the chanly sold Ihe slalic caravan Invpstment perfom)an¢è During the year the chanty held CCLA COIF Charities Investment accumulation fund units The chanty, due to Its size and nature, ha5 no formal process lo formally Measu the success of Ils Investment holdings FINANCIAL REVIEW Financial results for th¢ year Incoming resour8 for the year lotalled £171.846 (2024 - £224,672) Outgoing resources for the year lolalled £215,787 (2024 - £209.005) The results for the year are as sel out In the Statement of Financial Activities on page 5 Page 1
West Mercia Police Welfare Fund Report of the Trustees for thè Year Ended 31st March 2025 FINANCIAL REVIEW Investment pollcy and oblectives There are some restrictions on the charity's power lo Invest These reslriclions are, however, consistent with a prudent approach lo investment strategy The strategy Is such that the funds wll be invested In low and medium risk Investments with a view to ensuring that capil81 appreciation Is achieved which exceeds Inflation The fund Investment strategy Is reviewed with Independent advisers and a revised strategy adopted based upon their recommendations, such reviews are performed on an annual basis such that a report may be made to the AGM Reserves poli¢y 11 Is the policy of the Charity lo maintain such liquid reserves (unreslncledl as will enable Il to meet all Ils expenditure requiremenls for a penod of 21 least six months The charity has lo fund adminislralion expenditure, and reseNes are held lo cover payments made while pursuing the charity's objectives as well as adminislralion charges levied by Wesl Mercia Police Federation Al the year end the chanty held unr8slncted reserves of £665,524 12024 - £719,868), of which £13,74412024 - £39,943) were held as functional assets of the charity and £513,197 {2024 £523,600) were held as Iisled Inveslmenls for Ihe purpose of generating Investment Income, leaving free reserves of £138.583 (2024 £156,325) representing approximate5y 9 months {2024- 9 months) of annual expenditure As the chanty currenlly has reseNes In excess of their reserves policy, the Executive Committee made Ihe decision not lo Increase member fees for both the current and next financial years This Is budgeted lo result In a net cash deficit for the next financial year to be funded out of general reseNes FUTURE PLANS After the year end the Iruslees made the decision to try and sell the ¢hantVs static caravan STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The West Mercia Police Welfare Fund Is consliluled under a constitution dat8d 25 April 2001 {8s amended on 2 October 2013, on 21 October 2021, and again on May 18th 20231 and Is an unincorporated charity registered with Ihe Chanly Commission For England And Wales {charily number 10875251 Recruitment and appointment of new trustees The Executive Committee consists of not less than 7 nor more Ihan 12 persons The nom7al lemi of office Is three years, after which Iruslees are eligible to stand for re-eleGlion or nomination for a further three year term In the first year only, after the latest change of constitution (May 20231, three Iruslees were elecledlnominaled for one year, Ihree Iruslees for two years, and the remainder for three years, In order to stagger the retirement of trustees The members of the Executive Committee are elecledlnominaled al the Annual General Meeting as follows the Chief Conslables (who Is also the president of the ch8nlyl or Iheir nominee, one nominee of the Superinlendenl's ASsocialn for the force, hmo nominees of the Poli Federation Joint Branch Board of the force, one nominee from the Wesl Mercia Branch of the National Assoctalion of Retired Police Offi[S, four members elected from and by the members of the charity, and up to three persons coopted by the executive committee The Chairman, Vice Chairman. Secretary and Treasurer are elected by Ihe members from those elected to the Executive Committee Organlsational structure The day to day administration of the chanty Is performed by Ihe Officers, namely, Chairman, Vice Chairman and Secretaryftreasurer The Holding Trustees are, In accordance with the trust deed. Ihe Chairman, Secretary and Treasur. The Holding Trustees a¢1 as custodians of all Investments held by the Charity Indu¢tlon and Iraining of new trustees New trustees attend a course on Iruslee responsibilities as soon as Is practicable after becoming appointed REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1087525 Page 2
West Mercia Police Welfare Fund Report of the Trustees forthe Year Ended 31st March 2025 Prlncipal address West Mercia Police Headquarters Hindlip Hall Hindlip Worcestershire WR3 8SP Trustees Trustèes sejving durlng the financial year Rachel Adie Deborah Bentley Steven 8uller Margaret Case Craig Harris Rachel Hartland-Lane Richard Johnson Kevin Jones Peter Rigby Tracy Ruff Carla Thomas Timothy Viner Edward Williams appoinled 26 September 2024 resigned 26 September 2024 Honorary officers Presidenl Alex Murray Richard Cooper Edward Willlams Carla Thomas Kevin Jones Rachel Adie resigned 28 August 2024 appointed 29 August 2024 Chairman Vice Chairman Secretary Treasurer Independent ExamSner Melissa J88n Godwin ACA ACCA The Richgrds Sandy Partnership Thorneloe House 25 Barboume Road Worcester Worcestershire WR11RU Bankers HSBC 16 Shenmood Square Telford Shopping Centre Telford TF3 4AN Approved by order of the board of Iruslees on /6//2J25 and signed on Ils behalf by Ms Rachel Adie- Trustee Page 3
Independent Examiner's Report to the Trustees of
West Mercia Police Welfare Fund
Independent examiner's report to the trustees of West Mercia Police Welfare Fund | report to the charity trustees on my examination of the accounts of West Mercia Police Welfare Fund (the Trust) for the year ended 31st March 2025
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act')
| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act
Independent examiner's statement
| have completed my examination | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect
4 accounting records were not kept in respect of the Trust as required by Section 130 of the Act, or 2 the accounts do not accord with those records, or 3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which ts not a matter considered as part of an independent examination
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn tn this report in order to enable a proper understanding of the accounts to be reached
Melissa Jean Godwin ACA ACCA
The Association of Chartered Certified Accountants
The Richards Sandy Partnership Thorneloe House 25 Barbourne Road Worcester Worcestershire WR1 1RU
Date OS 'Cl-26
Page 4
West Mercia Police Welfare Fund Statement of FinanGlal Actlvities for th& Year Ended 31st March 2025 2025 Total funds 2024 Total funds Unreslricled funds Restricted funds Notes INCOME AND ENDOWMENTS FROM t)onalions and legacies 168,471 168.471 220.479 Charitable activjties Holiday home made available to members 3,375 3,375 1,640 Investment Income 2,553 Total 171,846 171.846 224,672 EXPENDITURE ON Raising funds Investment management costs 1,275 1,275 Charitable activities Relief provided to members Holiday home made available to members Grants Issued to other chanties 179,581 36,206 179,581 36.206 191,784 14,696 1,250 Total 215,787 215,787 209,005 Net gainsl(lossesl on Investments 110,403) (10,4031 46,316 NET INCOMEI{EXPENDITUREI {54,3441 {54,3441 61,983 RECONCILIATION OF FUNDS Tol81 funds brought forward 719,868 719.868 657,885 TOTAL FUNDS CARRIED FORWARD 665,524 665.524 719,868 The notes form part of these financial statements Page 5
West Mercia Police Welfare Fund Balance Sheet 31st March 2025 2025 Total funds 2024 Total funds Unrestricted fund$ Restricted funds Notes FIXED ASSETS Tangible assets Investments 14 15 13,744 513.197 13,744 513,197 39,943 523,600 526,941 526.941 563,543 CURRENT ASSETS Debtors amounts falling due within one year Debtors amounts falling due after more than one year Cash at bank 16 49,241 49.241 53.099 16 15,473 77,408 15,473 77,408 53,286 66,611 142,122 142,122 172,996 CREDITORS Amounts falling due within one year 17 (3,539) {3,5391 (16,671) NET CURRENT ASSETS 138,583 138.583 156,325 TOTAL ASSETS LESS CURRENT LIA81LITIES 665,524 665,524 719,868 NET ASSETS 665,524 665.524 719,868 FUNDS Unrestricted funds General fund 19 665.524 719.868 TOTAL FUNDS 665,524 719,868 The financial stalemenls were approved by the Board of Trustees and aulhorised for Issue and were signed on Ils behalf by on Ms Rachel Adie - Trustee The notes form part of these financial slalemenls Page 6
West Mercia Police Welfare Fund Notes to the Financial Statements for the Year Ended 31st March 2025 STATUTORY INFORMATION The chanty Is an unincorporated charity registered th the Charity Commission for England and Wales The charity's address can be found In the Report of the Trustees ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL STATEMENTS The finanaal slalemenls of the charity, which Is a public benefit entity under FRS 102, have been prepared In accordance with the Chanties SORP {FRS 102) 'Accounting and Reporting by Charilies Statement of Recommended Practice applicable lo charities prepanng their accounts In accordants with the Financial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) leffeclive 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland, and the Charilies Act 2011 The fiT)8ncial $18lemenls have been prepared under the historical cost convention, with the exception of Investments which are Included al market value, as modified by the revaluation of certairs assets INCOME All Income Is recognised In the Slalement of Financial Activities once the charity has entitlement lo the funds, It Is probable Ihat the Income will be received and Ihe amount can be measured reliably Donations are accounted for when received Membership subscriptions are considered to be, In substance, donations ralher than payment for SeIS Membership subscriptions are recognised over the subscnption period on a slraighl-line basis Gift aid claimed on membership subscriptions Is recognised In line with the recognition of the relating membership subscriptions Holiday home let Income Is recognised In line w(Ih the period of the holiday181 Interest Income (including Interest receivable on fixed Interest Iisled Investment bonds) Is recognised for all Inlerest-beanng Instruments on the effective Interest rale basis Dividends are recognised In Ihe Income slalemenl when they are declared EXPENDITURE Liabilities are recognised as expenditure as soon as there Is a legal or constructive obligation commilling the chanty lo that expenditure, Il Is probabl8 that a Ir8nsfer of economic benefits will be required In settlement and the amount of Ihe obligation can be measured reliably Expenditure Is accounted for on an accruals basis and has been classified under headings thal aggregate all cost related to the category Where costs cannot be directly allributed to particular headings they have been allocated to activities on a basis consistent with Ihe use of resources Granls paid lo eligible members to alleviate hardship which are not repayable by the members are recognised when paid Grants to Institutions are recognised at the point when the offer made by the charity Is conveyed to the recipient, except In cases where the offer Is subject to conditions not yet met ALLOCATION OF SUPPORT COSTS BETWEEN ACTIVITIES Support costs are allocated solely to the principal charitable activity of providing relief lo members TANGIBLE FIXED ASSETS Tangible fixed assets are Initially measured al cost and subsequently depreciated Deprecialion Is recognised so as lo wnte off the cost of assels over their useful economic lives on Ihe following basis Static caravan over12 years on cost (In line with the caravan park Iicence agreement) If al the end of each finanual year there Is any Indication that any tangible fixed assets are Impaired. an estimate of the recoverable amount of such assets Is made and if the recoverable amount Is less than the carrying amount then an Impairment provision for the differen TAXATION The charity Is exempl from 18x on Its charitable aclivits8S Page 7 continued
West Mercia Police Welfare Fund Notes to the Financial Statements - continued forthè Year Ended 31st March 2025 ACCOUNTING POLICIES - continued FUND ACCOUNTING Unrestricted funds and donations and other Incoming resources receivable or generated for the objects of the charity wilhoul further specified purpose are available as general funds Restricted funds are lo be used for specific purposes as laid down by the donor Expenditure which meets these cnlena, Is charged lo the reslriGled funds FINANCIAL INSTRUMENTS The chanty has elected to apply the provisions of Section 11, Basic Financial In8trumenls' and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of Its financial Instruments. Financi81 Instruments are recognised when the charity becomes party lo eontractual provisions of the Instrument Financial assets are offset, with the net amounts presented In the accounts where there Is a legally enforceable nghl lo sel off the recognised amounts and there Is an Intention to settle on a net basis or lo realise the asset and settle the liability simultaneously Fixed asset investments Investments are held al market value wlh gains and losses on revaluations recognised within the Slalement of Financial Activities Basic financial assets Basic financial assets, which Include trade and other receivables and cash and bank balances, are Initially measured al transaction pnce Including Ir8nsa¢tion costs and are subsequently carried at amortised cost using the effeclive Interest method unless the arrangement conslitules a financing Ir8nsaclion, where the transaction Is measured at the present value of the future receipts discounted al a market rate of Interest Concessionary loans conSSiOnary loans (i e free of Interest) are granted to eligible members lo alleviate hardship These loans, which are repayable after more than one year, they are Initially recognised at the amount paid, with the carying value adiusled In subsequent years to reflect repayments, adiusled for any Impairment If n8ssary Basic finan¢lal liabilities Basic financial Iiabililies, including trade and other payables, are Initially recognised at transaction pnce unless the arrangement constilules a financing transaction. where the debt Instrument Is measured at (he present value of future receipts, discounled al a market rale of Interest Debt instruments are subsequently carried at amortised cost, using the effective Interest rale melhod Trade payables are obligations to pay for goods or seNices Ihal have been acquired In the ordinary course of the operations from suppliers Accounts payable are classified as current 118bililies If payment Is due within one year or less If not, they are presented as non.currenl liabilities Trade payables are recognised Initially al Iransactson CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY Eslim8les 2nd Judgements are continually evaluated and are based on hisloncal experience and other factors, Including expectations of future events Ihat are believed to be reasonable under the circumstances Crltical areas of Judgement After Ihe year end the caravan Included In langible fixed assels was sold for £13.744 The caravan has been depreciated down to this ¢arrying value as 8 result Page 8 continued
West Mercia Police Welfare Fund Notes to the Financial Statements continued for the Year Ended 31st March 2025 DONATIONS AND LEGACIES 2025 2024 Donations Gift aid Membership subscriptions 640 28,032 139,799 490 77.526 142,463 168.471 220,479 INVESTMENT INCOME 2025 2024 Bank Interest Listed Investment Income 356 2,197 2,553 INVESTMENT MANAGEMENT COSTS 2025 2024 Listed Investment manager fees 1,275 CHARITABLE ACTIVITIES COSTS Grant funding of activities (see note 91 Direct Costs (see note 8) Support costs (see note 10} Totals Relief provided to members Holiday home made available to members 148,695 13.821 17.065 179.581 36,206 36,206 184,901 13,821 17,065 215.787 DIRECT COSTS OF CHARITABLE ACTIVITIES 2025 2024 Flint House Police Rehabilitation subscriptions paid on behalf of members Convalescent home expenses Therapy sessions Static carav8n running Costs Depreciation 147,995 150,823 1,822 7,994 10,043 4,653 700 10,007 26.199 184,901 175,335 Page 9 continued
West Mercia Police Welfarè Fund Notes to the Financial Statements - continued for the Year Ended 31st March 2025 GRANTS PAYABLE 2025 2024 Relief provided lo members Granls Issued lo other ch8rilies 13.821 15,496 1,250 13,821 16,746 The total grants paid lo Institutions during the year was as follows 2025 2024 Care Of Police SuNivors Climbing Out Small Institutional grants (less than £500 each) 500 500 250 1,250 Grants Issued to other charities are made al Ihe request of members who are partiapating In fund raising aclivi116s In support of those charities The total grants paid to Individuals during the year was as follows 2025 2024 Grants to Individuals 13,821 15,496 Grants paid to Individuals represent amounls paid lo or on behalf of members In need 10. SUPPORT COSTS Govemance costs Relief provided lo members 17,065 Support costs, Included In the above, are as follows 2025 Relief provided lo members 2024 Total actsvities Independent examine¢s fees Insurance Adminislralion charges 2,232 534 14.299 1,740 510 13.399 17,065 15,649 11. TRUSTEES. REMUNERATION AND BENEFITS During both the current and previous years no remuneration has been paid to any trustees TRUSTEES. EXPENSES There wer8 no Iruslees. expenses paid for the year ended 31s1 March 2025 nor for the year ended 31st March 2024 Page 10 continued
West Mercla Police Welfare Fund Notes to the Flnancial Statements - continued for the Year Ended 31st March 2025 12 STAFF COSTS The charity did not directly employ any staff during either the current or the preVi(S years However the chanty Is recharged an administration fee by West Mercia Police In regard to the slaff costs of a shared administrative employee Total administration fees for the year was £14.299 {2024 - £13,399) 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTWITIES Unrestricled funds Restncled funds Total funds INCOME AND ENDOWMENTS FROM Don2lions and legau8S 220,479 220,479 Charltable activlties Holiday home made available to members 1.640 1,640 Investment Income 2,553 2,553 Total 224.672 224,672 EXPENDITURE ON Raising funds Investment management costs 1,275 1,275 1,275 1,275 Charitable activities Relief provided lo members Hollday home made 8vail8ble to members Grants Issued to other charities 191,784 14,696 1,250 191,784 14,696 1,250 Total 209,005 209,005 Nel gains on Investments 46,316 46,316 NET INCOME 61.983 61,983 RECONCILIATION OF FUNDS Total funds brought fonNard 657,885 657,885 TOTAL FUNDS CARRIED FORWARD 719,868 719,868 14 TANGIBLE FIXED ASSETS Static e2ravan COST At 1 sl April 2024 and 31st March 2025 55,841 DEPRECIATION At 1 st April 2024 Charge for year 15,898 26,199 At 31st March 2025 42,097 NET BOOK VALUE At 31st March 2025 13,744 At 31st March 2024 39,943 Page 11 continued
West Mercla Pollce Wellare Fund Notes to the Financial Statements - continued for the Year Ended 31st March 2025 14 TANG18LE FIXED ASSETS - contlnued After the year end the caravan was sold for £13,744 15 FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At Isl April 2024 Revaluations 523,600 {10,403) At 31st March 2025 513.197 NET BOOKVALUE At 31st March 2025 513,197 Al 31st March 2024 523,600 16 DEBTORS 2025 2024 Amounts falling due wlhin one year Loans granted lo members Accrued Income Pr8paymenls 8,013 36,072 5.156 5,973 42,178 4,948 49,241 53.09g Amounts falling due after more than one year Loans granted lo members 15,473 53,286 Aggregate amounts 64,714 106,385 Loans to granted to members Loar7s granted lo members are unsecured concessionary 102ns where no Interest Is charged and are being settled by way of monthly repayments by the members collected by Wesl Mercia Police on behalf of the charity Loans granted lo membetE oulslanding al the year end were as follows 2025 2024 Amounts falling due within one year Amounts falling due after more than on8 year 8,013 15,473 5,973 53.286 23,486 59.259 Loans granted lo members movement In the year 2025 2024 As at 1 April 2024 Member repayments reiVed In the year New member loans Issued In the year 59.259 142,9041 7,131 32,918 (9.8091 36.150 As at 31 March 2025 23,486 59,259 Page 12 continued
West Mercia Police Welfare Fund Notes to the Financial Statements - continued for the Year Ended 31st March 2025 17. CREDITORS. AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Accrued expenses 12,719 3,952 3,539 3,539 16,671 18. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows 2025 2024 Within one year Between one and five years In more than fiv8 years 7.240 28,960 19,306 6,939 27,758 25,444 55,506 60,141 Operating lease costs for the year were £7,039 {2024- £6.576) 19. MOVEMENT IN FUNDS Nel movement In funds At 31325 A11424 Unrestricted funds General fund 719,868 {54.3441 665,524 TOTAL FUNDS 719,868 {54,3441 665,524 Net movement In fvnds, Included In the above are as follows Incoming re80urces Resources expended Gains and losses Movemenl In fund8 Unrestricted funds General fund 171,846 {215,787) {10,403} {54,344) TOTAL FUNDS 171,846 {215,787) {10.403} {54,344} Comparatives for movement in funds Nel movement In funds Al 31324 At1423 Unrestricted funds General fund 657,885 61,983 719,868 TOTAL FUNDS 657,885 61,983 719,868 Page 13 continued
West Mercia Police Welfare Fund Notes to the Financial Statements - continued forthe Yèar Ended 31st March 2025 19. MOVEMENT IN FUNDS - continued Comparative net movement In ftjnds. Included In the above are as follows Incoming resources Resources expended Gains and losses Movement In funds Unrestricted funds General fund 224,672 {209,005) 46,316 61,983 TOTAL FUNDS 224,672 1209,0051 46,316 61,983 20. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 sl March 2025 P8ge 14
West Mercla Pollce Welfare Fund Dètailed Statement of Financial Activlties for the Year Ended 31st March 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legaGies Donations Gift aid Membership subscriptions 640 28,032 139.799 490 77.526 142,463 168,471 220,479 Investment In¢ome Bank Interest Listed Investment Income 356 2,197 2,553 Charitable activities Static ¢arav8n lets 3,375 1,640 Total incoming resources 171,846 224,672 EXPENDITURE Investment management costs Listed Investmenl manager fees 1,275 Charitable actlvlties Flint House Police Rehabilitation subs¢nplions paid on behalf of members Convalescent home expenses Therapy sessions SlatlG caravan running costs Slalic caravan depreciation Grants to Inslilulions Grants to Individuals 147,995 150,823 1,822 7,994 10,043 4,653 1,250 15,496 700 10,007 26,199 13.821 198,722 192,081 Support costs Governance costs Independent examinerfs fees Insurance Administration charges 2,232 534 14.299 1,740 510 13.399 17,065 15,649 Total resources expended 215,787 209,005 Net (expenditurellin¢ome (43,941) 15.667 This page does not fomi part of the statutory financ121 slalements Page 15