2021-06-30-accounts - Police Firearms Officers Association Ltd

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	Page	Page
Report from Chief Executive, Mark Williams
Report of the Trustees	2	to	7
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	20
Detailed Statement of Financial Activities	21	to	22

		fort	he Year	Ended 30June	2021
						2021	2020
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes	F	9	F	9
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	507,944		507,944	505,903
Other trading activities			3	1,231		1,231	1,181
Investment income Other income			4	781 3744		781 ~3744	3,416 25 000
Total				513,700		513,700	535,500
EXPENDITURE ON
Charitable activities
Provision ofgrants &support services				491,914		491,914	435,758
Museum &promoting	education			1,411		1,411	13,905
Total				493,325		493,325	449,663
NET INCOME				20,375		20,375	85,837
RECONCILIATION OF FUNDS
Total funds brought	forward			369,303	15,784	385,087	299,250
TOTAL FUNDS CARRIED FORWARD				389678	15784	405462	385 087

	30J	une 2021
				2021	2020
		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	funds f	fundsf
FIXEDASSETS
Tangible assets	10	35,706		35,706	38,224
CURRENT ASSETS
Debtors	11	55,312		55,312	69,598
Cash at bank		328 149	~15784	343933	288 508
		383,461	15,784	399,245	358,106
CREDITORS
Amounts falling due within one year	12	(29,489)		(29,489)	(11,243)
NET CURRENT ASSETS		353972	15,784	369756	346 863
TOTAL ASSETSLESSCURRENT
LIABILITIES		389,678	15,784	405,462	385,087
NET ASSETS		~389678	15784	405 462	385087
FUNDS	14
Unrestricted funds				389,678	369,303
Restricted funds				15784	15,784
TOTAL FUNDS				405 462	385087

					2021	2020
				Notes
Cash flows from		operating		activities
Cash generated	from operations 1				60,326	38,683
Net cash provided		by operating activities			60 326	38,683
Cash flows from		investing		activities
Purchase oftangible fixed assets Interest received					(4,932) 31	(7,815) 416
Net cash used in		investing	activities		~4,901)	~7,399)
Change in cash		and cash		equivalents
in the reporting		period			55,425	31,284
Cash and cash	equivalents			at the
beginning ofthe		reporting		period	288 508	257 224
Cash and cash	equivalents			at the end
ofthe reporting		period			343,933	288 508

	Notes to the Cash Flow Statement forthe Year Ended 30June 2021	Notes to the Cash Flow Statement forthe Year Ended 30June 2021
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
			2021	2020
				8
Net income for the	reporting	period (as per the Statement of
Financial Activities)			20,375	85,837
Adjustments for:
Depreciation charges			7,450	7,474
Interest received			(31)	(416)
Decrease/(increase)	in debtors		14,286	(55,598)
Increase in creditors			~18246	1 386
Net cash provided	by operations		60,326	38683

ANALYSIS OF C	HANGES IN NET FUNDS
		At 1.7.20	Cash flow	At 30.6.21
		8
Net cash
Cash at bank and	in hand	288,508	55,425	343,933
		288 508	~55 425	343933
Total		288 508	55,425	343933

			forthe Ye	forthe Ye	forthe Ye	ar Ended 30Jun	e 2021
OTHER	TRADING		ACTIVITIES
									2021	2020
										f
Merchandise Sales									1,231	1 181
INVESTMENT INCOME
									2021	2020
									6	F
Rents received									750	3,000
Bank interest									31	416
									781	~3416
CHARITABLE ACTIVITIES COSTS
									Support
							Direct		costs (see
							Costs F		note 6) f	Totals 6
Provision		ofgrants	&support
services							336,338		155,576	491,914
Museum	& promoting			education					1 411	1 411
							336338		156987	493325
SUPPORT COSTS
							Human		Premises
						Management	resources		Costs	Totals
							E
Provision		of grants	&support services			67,453	63,069		25,054	155,576
Museum	& promoting			education		1 411				1,411
						68864	63069		25 054	156987
Support	costs, included				in the above, are	as follows:
									2021	2020
						Provision
						ofgrants	Museum	&
						&support	promoting		Total	Total
						seNlces	education		activities	activities
									6	6
Other operating leases						4,315			4,315	5,186
Utilities						4,916	259		5,175	6,510
Sundnes						2,195			2,195	2,635
Employee		&Trustee Training				3,686			3,686	7,826
Committee		expenses				607			607	108
Meetings		(including	AGM)			34			34	3,728
Telephone						7,217			7,217	10,081
Printing,	postage and stationery					4,677			4,677	3,185
Repairs and renewals				-	equipment					228
Travelling						3,108			3,108	10,121
Marketing		and web	costs			23,447			23,447	13,045
lnsurances						3025	1 008		4 033	1 212
Carried forward						57,227	1,267		58,494	63,865

						2021	2020
			Provision
			ofgrants	Museum	8
			& support	promoting		Total	Total
			services	education		activities	activities
			F			F	6
Brought forward			57,227	1,267		58,494	63,865
Credit card charges			978			978	1,212
Bank charges			658			658	545
Accountancy	&payroll	costs	5,010	144		5,154	7,380
Depreciation	oftangible	and heritage
assets			3,580			3,580	3,153
Wages			57,722			57,722	61,769
Social security			3,892			3,892	4,074
Pensions			1,455			1,455	1,315
Rent, rates and water			13,386			13,386	12,618
Property maintenance			7,798			7,798	6,512
Depreciation	oftangible	fixed assets	3870			3,870	4,321
			155576	1 411		156987	166,764

			2021	2020
Depreciation	—owned assets		7,450	7,474
Other operating		leases	4 315	5186

		2021	2020
Wages	and salaries	147,268	119,356
Social	security costs	7,694	6,603
Other	pension costs	3,027	2253
		157989	128,212

		2021	2020
Charitable	Activities	5	4
Governance		1	2

	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
10.	TANGIBLE FIXEDASSETS
		Improvements
		to	Plant and		Computer
		property 6	machinery 6		equipment f	Totals f
	COST
	At 1 July 2020	64,585	2,898		21,797	89,280
	Additions		4	932		4,932
	At 30June 2021	~64 585	7	830	21 797	94,212
	DEPRECIATION
	At 1 July 2020	38,785	2,112		10,159	51,056
	Charge for year	3870		670	2910	7 450
	At 30June 2021	42,655	2	782	13,069	58,506
	NET BOOK VALUE
	At 30June 2021	21 930	5,048		8 728	35706
	At 30June 2020	25,800		786	11638	38,224
11.	DEBTORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
					2021 f	2020
	Sundry debtors &prepayments				46,869	62,905
	Prepayments and accrued income				8443	6693
					55312	69,598

							2021	2020
Social security and other taxes							3,860	2,347
Sundry creditors	&accruals						4,929	8,896
Accruals and deferred		income					~20 700
							29489	11,243
LEASING AGREEMENTS
Minimum lease payments			under	non-cancellable	operating	leases fall due as follows:
							2021	2020
								6
Within one year							17,696	17,696
Between one and	five years						54,616	54,621
ln more than five	years						33465	46,851
							105777	119,168
MOVEMENT IN FUNDS
						Net	Transfers
						movement	between	At
				At	1.7.20 f	in funds	funds	30.6.21 F
Unrestricted funds
General fund Museum ofArmed Policing Advancement ofeducation				319,938 2,955 15,000		25,532 (1,471)	(37,276) 30,000	308,194 1,484 45,000
Contingency for terrorist Training Budget		events		25,000 6410		~3686	7276	25,000 10000
Restricted funds				369,303		20,375		389,678
PFOA Training Ltd				15,784				15,784
TOTAL FUNDS				385087		20 375	—	405 462

Net mov	ement in fu	nds, included in the abov	e are as follows:
			Incoming	Resources	Movement
			resources 8	expended f	in funds f
Unrestricted funds
General	fund		513,700	(488,168)	25,532
Museum Training	ofArmed Budget	Policing		(1,471) ~3,686	(1,471) ~3,686
			513,700	493325	20 375
TOTAL	FUNDS		513700	493,325	20,375

Comparatives for	move	ment in funds
				Net	Transfers
				movement	between	At
			At 1.7.19	in funds f	funds f	30.6.20 6
Unrestricted funds
General fund			219,572	98,205	2,161	319,938
Premises refurbishment		costs	2,464	(303)	(2,161)
Museum ofArmed	Policing		6,138	(3,183)		2,955
Advancement ofeducation			15,000			15,000
Contingency for terrorist Training Budget		events	25,000 ~15000	~8590)		25,000 ~6410
			283,174	86,129		369,303
Restricted funds
PFOA Training Ltd			13,468	2,316		15,784
Devon &Cornwall	oflicer	support	2608	~2608)
			16076	292		15,784
TOTAL FUNDS			299250	85 837		385087

Comparat	ive net m	oveme	nt in funds, included	in the above are as follows	:
				Incoming	Resources	Movement
				resources	expended f	in funds
Unrestricted funds
General	fund			532,118	(433,913)	98,205
Premises	refurbishment		costs		(303)	(303)
Museum Training	ofArmed Budget	Policing		382	(3,565) ~8590	(3,183) ~8590
				532,500	(446,371)	86,129
Restricted funds
PFOA Training Ltd Devon 8 Comwall		officer	support	3,000	(684) ~2608	2,316 ~2,608
				3000	3292	292
TOTAL FUNDS				535500	449,663	85 837

A current year 12	months	and prior year	12 months combin	ed position is	as follows:
				Net	Transfers
				movement	between	At
			At 1.7.19	in funds	funds	30.6.21 f
Unrestricted funds
General fund			219,572	123,737	(35,115)	308,194
Premises refurbishment		costs	2,464	(303)	(2,161)
Museum ofArmed	Policing		6,138	(4,654)		1,484
Advancement ofeducation			15,000		30,000	45,000
Contingency for terrorist		events	25,000			25,000
Training Budget			15000	~12276	7276	10000
			283,174	106,504		389,678
Restricted funds
PFOA Training Ltd Devon &Cornwall	oflicer	support	13,468 2 608	2,316 ~2608)		15,784
			16076	~292		15784
TOTAL FUNDS			299250	106212		405 462

			Incoming	Resources	Movement
			resources	expended	in funds f
Unrestricted funds
General fund			1,045,818	(922,081)	123,737
Premises refurbishment		costs		(303)	(303)
Museum ofArmed	Policing		382	(5,036)	(4,654)
Training Budget				~12,276	~12 276
			1,046,200	(939,696)	106,504
Restricted funds
PFOA Training Ltd Devon &Comwall	officer	support	3,000	(684) ~2608	2,316 ~2,608)
			3000	3,292	292
TOTAL FUNDS			1~049200	942 988	106212

Police Firearms Offi	ce	rs Assoc	iation Ltd
			Detailed Statement ofFinancial Activities
			forthe Year Ended 30June 2021
				2021	2020
				f
INCOME AND ENDOWMENTS
Donations and legacies
Donations - members				434,701	464,419
Donations - other				36,972	6,829
Members' fundraising					1,244
Giit aid				36271	33,411
				507,944	505,903
Other trading activities
Merchandise Sales				1,231	1,181
Investment income
Rents received				750	3,000
Bank interest				31	416
				781	3,416
Other income
Government Grants				3,744	25 000
Total incoming resources				513,700	535,500
EXPENDITURE
Charitable activities
Wages				89,546	57,587
Social security				3,802	2,529
Pensions				1,572	938
Provision ofgrants and		charitable	assistance	233,269	217,611
Costs ofmaintaining	and expanding
membership levels				8,149	2,099
Costs associated with	members'		fundraising
and events					2 135
				336,338	282,899
Support costs
Management
Other operating leases				4,315	5,186
Utilities				5,175	6,510
Sundries				2,195	2,635
Employee &Trustee	Training			3,686	7,826
Committee expenses				607	108
Meetings (including	AGM)			34	3,728
Telephone				7,217	10,081
Printing, postage and stationery				4,677	3,185
Repairs and renewals		—equipment			228
Travelling				3,108	10,121
Carried forward				31,014	49,608

Detailed Statement of forthe Year Ended	Financial Activities 30June 2021
	2021	2020
Management
Brought forward Marketing and web costs Insurances Credit card charges Bank charges	31,014 23,447 4,033 978 658	49,608 13,045 1,212 1,212 545
Accountancy & payroll costs Plant and machinery	5,154 670	7,380 263
Computer equipment	2 910	2 890
	68,864	76,155
Human resources
Wages Social security Pensions	57,722 3,892 1 455	61,769 4,074 1 315
	63,069	67,158
Premises Costs
Rent, rates and water	13,386	12,618
Property maintenance	7,798	6,512
Improvements to property	3870	4 321
	25 054	23,451
Total resources expended	493,325	449 663
Net income	20 375	85,837