2020-12-31-accounts - The Police Children's Charity

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Contents
	Page
Legal and administrative information
Trustees' Report (Including Directors' Report and Strategic Report)
Independent Auditor's Report
Statement of Financial Activities
Balance Sheet	14
Statement of Cash Flows	15
Notes to the financial statements	16

St.Andrews
Harlow Moor Road
Harrogate
HG2 OAD
St.Andrews
Harlow Moor Road
Harrogate
HG2 OAD
Murray Harcourt		Limited
Registered	Auditors
6 Queen Street
Leeds
LS1 2TW
Bardays Bank Pic
25James Street
Harrogate
HG1 1QX
Cazenove	Capital	Management
12 Moorgate
London
EC2R 6DA

Name		Force			Appointment	Termination
					Date	Date
L Kell Chair		Police	Service of Northern	Ireland	13/06/2018
J Skelton		Nottin	hamshire		12/05/2016
A Grandison	(Vice Chair)	West Yorkshire			22/09/2014
R Barber		South	Yorkshire		25/05/2016
A McLaren		Police	Service ofScotland		01/12/2018	06/1 2/2020
N Bath ate		Police	Service of Scotland		12/05/2015	19/01/2020
P Booth		North	Yorkshire		01/10/2016	06/1 2/2020
M Lail		Greater Manchester			01/08/2017	12/04/2021
A MacDonald		Police	Service of Scotland		11/05/2017	06/02/2020
S Martin		Police	Service of Northern	Ireland	01/11/2018	31/01/2020
SCarle		Police	Service of Scotland		06/02/2020
D Hamilton		Police	Service of Scotland		08/04/2020	15/02/2021
RWood		Police	Service of Scotland		08/04/2020
M Davis		Co-0	ted TIIIstee		11/05/2017
C Moore R Dutton		Police C~	Service of Northern ted Trustee	Ireland	13/06/2018 21/11/2013	09/04/2021
BJones		Police	Service of Scotland		16/02/2021
P Clark		Lincolnshire			16/07/2019
P Hilman		Police	Service of Northern	Ireland	07/02/2019	30/04/2020
E Shakes	are	Co-0	ted Trustee		31/10/2019	02/1 0/2020
T Purcell		Police	Service of Northern	Ireland	16/07/2018
D Orford		Durham			20/05/2015
G McDowall		Police	Service of Scotland		11/05/2017	06/02/2020
I Ho kins		Greater Manchester			21/01/2016	23/1 2/2020
G Kin		West Yorkshire			20/1 0/2014
A Lees		Co-0	ted NARPO		02/08/2016
DMu h		Police	Su erintendents Association		02/11/2017
D Sim son		Northumbria Police			14/03/2018
D Townsend		British	Trans ort Police		01/09/2015	31/03/2020
J Robins		West Yorkshire			16/06/2016
J Harwin		Cleveland Police			12/04/2018
L Winward		North	Yorkshire		21/07/2016
E Aldred		North	Yorkshire		07/12/2020
N Goodband		British	Trans ort Police		16/07/2020
W Kerr		Police	Service of Scotland		07/1 2/2020
A Malcolm		Police	Service of Scotland		16/02/2021

			Unrestricted	Restricted	Endowment	2020	2019
			funds	funds	funds	Total	Total
		Notes	6			6	E
Income from:
Donations and legacies		2	557,228			557,228	527,805
Investments		3	664,863			664,863	641,386
Total income			1,222,091			1,222,091	1,169,191
Expenditure on:
Raising funds		4	37,780		30,665	68,445	78,477
Charitable activities		5	1,251,282			1,251,282	1,097,942
Total expenditure			1,289,062		30,665	1,319,727	1,176,419
Net gains on investments		11	252,560		205,000	457,560	1,192,895
Net Income/(expenditure)			185,589		174,335	359,924	1,185,667
Net movement in funds			185,589		174,335	359,924	1,185,667
Reconciliation offunds
Total funds brought	forward		6,844,335		7,130,266	13,974,601	12,788,934
Total funds carried forward			7,029,924		7,304,601	14,334,525	13,974,601

							2020		2019
					Notes		E 6
Fixed assets
Tangible assets					10		382,937		391,842
Investments					11		17,524,196		16,721,737
							17,907,133		17,113,579
Current assets
Debtors					12	157,154		128,170
Cash et bank	and	in	hand		21	396,799		540,919
						553,953		669,089
Liabilities
Creditors: amounts			falling
due within one year					13	(67,970)		(74,265)
Net current assets							485,983		594,824
Total assets	less	current
liabilities							18,393,116		17,708,403
Provisions for liabilities					14		(4,058,591)		(3,733,802)
Total net assets							14,334,525		13,974,601
The funds ofthe		charity
Unrestricted	funds				16		7,029,924		6,844,335
Endowment	funds				17		7,304,601		7,130,266
Total charity	funds						14,334,525		13,974,601
The financial	statements			were approved	by the Trustees	and	authorised for issue	on .~!~.&... . . .~.....

				2020	2019
			Notes	6	6
Cash flow from operating	activities		20	~660,505	~376,655
Net cash flow from operating		activities		460,505	316,655
Cash flow from Investing	activities
Payments to acquire listed investments					(750,000)
Dividends and interest received				664,863	641,386
Net cash flow from Investing		activities		664,863	108,614
Net (decrease) Iincrease	in	cash and cash equivalents		204,358	(425,269)
Cash and cash equivalents		at start of period		1,177,298	1,602,567
Cash and cash equivalents		at end of period	21	1 381,656	1,177,288

Income from donations and	legacies
	Unrestricted	Endowment	2020	2019
	funds	funds	Total	Total
	8	8	E	8
Donations	11,126		11,126	5,767
Officers donations	546,102		546,102	522,038
	557,228		557,228	527,805

Investment income
	Unrestricted	Endowment	2020	2019
	funds	funds	Total	Total
	8	8	8	E
Income from UK listed investments	663,028		663,028	635,455
Bank interest receivable	1,835		1,835	5,931
	664,863		664,863	641,386

Expenditur	e on raising	funds
			Unrestricted	Endowment	2020	2019
			funds 8	funds	Total f	Total f
Investment	management	fees	37,780	30,665	68,445	78,477
			37,780	30,665	68,445	78,477

Expenditure	on charitable activitie	s
		Activities
		undertaken	Support	2020	2019
		directly	costs f	Total	Total f.
Grant making	—unrestricted	1,099,752	147,318	1,247,070	1,091,685
Governance	costs (note 6)		4,212	4,212	6,257
		1,099,752	151,530	1,251.282	1,097,942

Analysis	ofgovernance and	suppo	rt costs
			General support	Governance	2020	2019
			costs	costs f	Total	Totalf
Management charge —Police
Treatment	Centres		130,000		130,000	130,000
Communication and Information
Technology			1,237		1,237	2,089
Otheroffice	expenses		7,176		7,176	8,854
Depreciation —owned assets			8,905		8,905	8,906
Legal and	other professional	fees		312	312	857
Auditor's remuneration				3,900	3,900	5,400
			147,318	4,212	151,530	156,106

Net Income/	(expenditur	e) for the year
			2020	2019
				8
Net income/(expenditure)		is stated after charging:
Depreciation	—owned	assets	8,905	8,906
Auditor's remuneration			3,900	5,400
Employees
			2020	2019
			8
Management	charge		130,000	130,000

Tangible fixed assets
	Fixtures,	Freehold
	fittings and	land and
	equipment	buildings	Total
	E		E
Cost
At 1 January and 31 December 2020	5,093	445,273	450,366
Depreciation
At 1 January 2020	5,093	53,431	58,524
Charge for the year		8,905	8,905
At 31 December 2020	5,093	62,336	67,429
Net book values
At 31 December 2020		382,937	382,937
At 31 December 2019		391,842	391,842

Fixed asset	investme	nts
				Endowment	Unrestricted
				cash held	cash held
		Endowed	Unrestricted	as part of	as part of
		listed	listed	investment	investment
		Investments	investments	portfolio	porffolio	Total
		E		E.	E	E
Valuation
As at 1 January 2020		7,206,712	8,878,646	(76,446)	712,825	16,721,737
Management	fees			(30,665)	(37,780)	(68,445)
Disldbutlons	received	297,056	365,972			663,028
Interest					316	316
Transfers		(297,056)	(365,972)		663,028
Withdrawals					(250,000)	(250,000)
Equal)sation				1,603	1,976	3,579
Revaluation		203,397	250,584			453,981
As at 31 December 2020 7,410,109			9,129,230	(105,508)	1,090,365	17,524,196
Historic cost	at
31 December	2020	5,773,951	7,114,332	(105,508)	1,090,365	13,873,140

13.	Creditors: amounts f	alling due within one year
			2020	2019
			E	E
	Trade Creditors		500	368
	The Police Treatment	Centres current account	44,710	45,884
	Accruals and deferred	Income	22,760	28,013
			67,970	74,264
14.	Provisions for liabilities
			2020	2019
			E	E
	At 1 January 2020		3,733,802	3,474,638
	Utilised in the year		(774,963)	(682,672)
	Charge for the year		1,099,752	941,836
	At 31 December 2020		4,058,591	3,733,802

			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			E	E	E	E
Fund balances at 31 December 2020
as represented		by:
Tangible	assets				382,937	382,937
Investment assets			7,304,601		10,219,595	17,524,196
Current	assets				553,953	553,953
Current	liabilities				(67,970)	(67,970)
Long-term liabilities					(4,058,591)	(4,058,591)
			7,304,601		7,029,924	14,334,525

Unrestri	cted funds
		At 1
		January	Incoming	Outgoing	Gains and	31 December
		2020	resources	resources	losses	2020
		E	E	E		E
General	fund	6,844,335	1,222,091	(1,289,062)	252,560	7,029,924

						2020	2019
						8	8
	Net income / (expenditure) for year					359,924	1,185,667
	Depreciation and impairment of tangible			fixed assets		8,905	8,906
	(Gains) / losses on investments					(457,560)	(1,192,895)
	Interest and dividends received					(664,863)	(641,386)
	Increase in provisions (net of payments)					324,789	259,164
	Decrease / (increase) in debtors Increase in creditors					(28,984) ~2,216	58,797 5,092
	Net cash oufflow from operating	activities				~460,505	~316,655
21.	Analysis ofcash and cash equivalents
						2020	2019
						6	F
	Cash at bank and in hand					396,799	540,919
	Cash held in investment porffolio					984,857	636,379
	Net cash					1,381,656	1,177,298
22.	Financial Instruments
	The canying amounts ofthe Charity's			financial	instruments	are as follows:
						2020f	2019 E
	Flnenclal assets
	Measured at fair value through	net income / expenditure:
	- Fixed asset listed investments		(note	11)		17,524,196	16,721,737
	Equity instruments measured	at	cost	less impairment:
	- Current asset investments
	Measured at amortised cost:
	-Accrued income					42,555	52,246

Financial	liabilities
Measured	at amortised	cost
-Trade creditors (note		13)	500	368
-The Police Treatment		Centres current account (note 13)	44,710	45,884
-Accruals	(note 13)		22,760	28,013
			67,970	74,265

The income, expenses,	The income, expenses,	net gains and net	net gains and net	losses attributable	losses attributable	losses attributable	the charity's	financial	Instruments
are summarised	as follows:
							2020		2019
								E	F
Income and expense
Financial assets	measured	at fair	value through		net income	/
expenditure
							663	626	635 455
Net gains and losses (including			changes	in	fair iralueJ
Financial assets	measured	at fair	value through		net income	/
expenditure							457,560		1,192,895