e po//c TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR THE POLICE CHILDREN'S CHARITY Fornierly Inown as STfjEORfjE'S POUCE CHILDREN TRUST Charity Number: 1147445 Scottish Charity Number: SC043652 Company Number: 07822521 Fomierlyknownas the StGeorge's Police Children Trust
| Welcome | |||
|---|---|---|---|
| grants Available | |||
| Vision, Mission Statement | and Values | ||
| Legal and Administrative | Information | ||
| Trustee' Report (Including | Directors' Report | ||
| and Strategic Report) | |||
| Independent Auditor's |
Report | 14 | |
| Statement of Financial | Activities | 18 | |
| Balance Sheet | 19 | ||
| Statement of Cash Fl.ows | 21 | ||
| Notes to the Financial | Statements | 22 |
| 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 | |
| Barclays Bank Pic | |
| 25James Street | |
| Harrogate | |
| HG1 1QX | |
| Cazenove Capital | Management |
| 12Moorgate | |
| London | |
| EC2R 6DA |
| he current m | embership is a |
s follows | |||||
|---|---|---|---|---|---|---|---|
| Name | Force | Appointment | Termination | ||||
| Date TPCC | Date | ||||||
| L Kelly (Chair) | Police Service of | Northern | ireland | 09/04/2015 | |||
| A Grandison | (Vice Chair) | West Yorkshire | 22/09/2014 | ||||
| E Aldred | North Yorkshire | 07/12/2020 | |||||
| R Barber | South Yorkshire | 25/05/2016 | |||||
| M Davis | Co-opted | 19/05/201 7 | |||||
| R Dutton | Co-opted | 21/1 1/2013 | |||||
| N Goodband | British Transport | Police | 16/07/2020 | ||||
| R Henderson | Police Service of | Northern | Ireland | 24/06/2020 | |||
| C Irvine | Durham | 25/01/2022 | |||||
| BJones | Police Service of | Scotland | 16/02/2021 | ||||
| SKennedy | Merseyside | 24/11/2021 | |||||
| W Kerr | Police Service of | Scotland | 07/12/2020 | ||||
| SLangham | Lincolnshire | 09/11/2021 | |||||
| A Lees | Co-Opted (NARPO) | 02/08/2016 | |||||
| A Macinnes | Police Service of | Scotland | 27/01/2022 | ||||
| A Malcolm | Police Service of | Scotland | 16/02/2021 | ||||
| D Murphy | Police Superintendents' | Association | 02/11/2017 | ||||
| R Murray | Cleveland | 01/01/2022 | |||||
| T Purcell | Police Service of | Northern | Ireland | 16/07/201 8 | |||
| J Robins | West Yorkshire | 16/06/2016 | |||||
| D Simpson | Northumbria Police |
14/03/2018 | |||||
| J Skelton | NoNinghamshire | 12/05/2016 | |||||
| LWinward | North Yorkshire | 21/07/2016 | |||||
| RWood | Police Service of | Scotland | 08/04/2020 | ||||
| N Bathgate | Police Service of | Scotland | 12/05/201 5 | 18/01/2021 | |||
| SCarle | Police Service of | Scotland | 06/02/2020 | 31/08/2021 | |||
| P Clark | Lincolnshire | 16/07/201 9 | 03/10/2021 | ||||
| D Hamilton | Police Service of | Scotland | 08/04/2020 | 15/02/2021 | |||
| J Harwin | Cleveland Police |
12/04/201 8 | 11/05/2021 | ||||
| G King | West Yorkshire | 20/1 0/2014 | 31/12/2021 | ||||
| M Lally | Greater Manchester | 01/08/2017 | 12/04/2021 | ||||
| C Moore | Police Service of | Northern | Ireland | 09/04/201 5 | 09/04/2021 | ||
| D Orford | Durham | 20/05/2015 | 31/12/2021 |
| Unrestricted | Restricted | Endowment | 2021 | 2020 | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | Total | Total | |||
| Notes | 5 | 6 | F | ||||
| Income from: | |||||||
| Donations and legacies |
2 | 531,047 | 531,047 | 557,228 | |||
| investments | 3 | 684,704 | 684,704 | 664,863 | |||
| Total income | 1,215,751 | 1,215,751 | 1,222,091 | ||||
| Expenditure on: |
|||||||
| Raising funds | 4 | 41,431 | 33,630 | 75,061 | 68,445 | ||
| Charitable activities |
5 | 738,156 | 738,156 | 1,251,282 | |||
| Total expenditure | 779,587 | 33,630 | 813,217 | 1,319,727 | |||
| Net gains on investments | 11 | 599,752 | 486,813 | 1,086,565 | 457,560 | ||
| Net income/(expenditure) | 1,035,916 | 453,183 | 1,489,099 | 359,924 | |||
| Net movement in funds |
1,035,916 | 453,183 | 1,489,099 | 359,924 | |||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 7,029,924 | 7,304,601 | 14,334,525 | 13,974,601 | ||
| Total funds carried forward | 8,065,840 | 7,757,784 | 15,823,624 | 14,334,525 |
| f | or the Year Ended 3 | 1 December 2 | 021 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Notes | F | ||||||
| Fixed assets | |||||||
| Tangible assets | 10 | 374,031 | 382,937 | ||||
| Investments | 11 | 18,720,176 | 17,524,196 | ||||
| 19,094,207 | 17,907,133 | ||||||
| Current assets | |||||||
| Debtors | 12 | 121,345 | 157,154 | ||||
| Cash at bank and | in | hand | 21 | 602,189 | 396,799 | ||
| 723,534 | 553,953 | ||||||
| Liabilities | |||||||
| Creditors: amounts | falling | ||||||
| due within one year | 13 | (73,693) | (67,970) | ||||
| Net current assets | 649&841 | 485,983 | |||||
| Total assets less | current | ||||||
| liabilities | 19,744,048 | 16,393,116 | |||||
| Provisions for liabilities |
14 | (3,920,424) | (4,058,591) | ||||
| Total net assets | 15,823,624 | 14,334,525 | |||||
| The funds ofthe | charity | ||||||
| Unrestricted funds |
16 | 8,065,840 | 7,029,924 | ||||
| Endowment funds |
17 | 7,757,784 | 7,304,601 | ||||
| Total chadity funds | 15,823,624 | 14,334,525 |
| for the Year Ended 31Decemb | er 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | 2021 F |
2020f | ||||
| Cash flow from operating | activities | 25 | ~(362,945 | (46~,5((5) | ||
| Net cash flow from operating | activities | 367,840 | 460,505 | |||
| Cash flow from investing | activities | |||||
| Purchase of investments |
11 | (560,000) | ||||
| Dividends and interest received |
684,704 | 664,863 | ||||
| Net cash flow from investing | activities | 124,704 | 664,863 | |||
| Net (decrease) l increase | in | cash and cash equivalents | (243,236) | 204,538 | ||
| Cash and cash equivalents | at | start ofperiod | 1,381,666 | 1,177,298 | ||
| Cash and cash equivalents | at | end of period | 21 | 1,138,420 | 1,381,656 |
| Expenditur | e on raising |
funds | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 2021 | 2020 | |||
| funds f |
funds f |
Total | Totalf | |||
| Investment | management | fees | 41,431 | 33,630 | 75,061 | 68,445 |
| 41,431 | 33,630 | 75,061 | 68,445 |
| Expenditure on charitable activitie |
s | |||
|---|---|---|---|---|
| Activities | ||||
| undertaken | Support | 2021 | 2020 | |
| directly | costs | Total | Total | |
| E | E | E | E | |
| Grant making —unrestricted | 585,564 | 147,587 | 733,151 | 1,247,070 |
| Governance costs (note 6) | 5,005 | 5,005 | 4,212 | |
| 585,564 | 152,592 | 738,156 | 1,251,282 |
| Analysis ofgovernance and |
suppo | rt costs | |||
|---|---|---|---|---|---|
| General support | Governance | 2021 | 2020 | ||
| costs | costs | Total | Total | ||
| E' | E | E | E | ||
| Management charge —Police |
|||||
| Treatment Centres |
130,000 | 130,000 | 130,000 | ||
| Communication and Information |
|||||
| Technology | 1,420 | 1,420 | 1,237 | ||
| Other office expenses | 7,261 | 7,261 | 7,176 | ||
| Depreciation —owned assets | 8,906 | 8,906 | 8,905 | ||
| Legal and other professional | fees | 1,105 | 1,105 | 312 | |
| Auditor's remuneration |
3,900 | 3,900 | 3,900 | ||
| 147,587 | 5,005 | 152,592 | 151,530 |
| Net income/(expenditure) | forthe year | ||
|---|---|---|---|
| 2021 | 2020 | ||
| E | E | ||
| Net income/(expenditure) | is stated after charging: | ||
| Depreciation —owned assets | 8,905 | 8,905 | |
| Auditor's remuneration |
3,900 | 3,900 |
| 2021 5 |
2020f |
|---|---|
| 130,000 | 130,000 |
| Tangible fixed assets | |||
|---|---|---|---|
| Fixtures, | Freehold | ||
| fittings and | land and | ||
| equipment | buildings | Total | |
| 6 | 6 | 6 | |
| Cost | |||
| At 1 January and 31 December 2021 |
5,093 | 445,273 | 450,366 |
| Depreciation | |||
| At 1 January 2021 | 5,093 | 62,336 | 67,429 |
| Charge for the year | 8,906 | 8,906 | |
| At 31 December 2021 | 5,093 | 71,242 | 76,335 |
| Net book values | |||
| At 31 December 2021 | 374,031 | 374,031 | |
| At 31 December 2020 | 382,937 | 382,937 |
| 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 | portfolio | Total | ||
| E | E | 6 | F | |||
| Valuation | ||||||
| As at 1 January 2021 | 7,410,109 | 9,129,230 | (105,508) | 1,090,365 | 1?,524,196 | |
| Management | fees | (33,630) | (41,431) | (75,061) | ||
| Distributions | received | 684,449 | 684,449 | |||
| Interest | 27 | 27 | ||||
| Transfers | 560,000 | (560,000) | ||||
| Withdrawals | (500,000) | (500,000) | ||||
| Equalisation | 667 | 822 | 1,489 | |||
| Revaluation | 485,935 | 598,671 | 211 | 259 | 1,085,076 | |
| As at 31 December 2021 7,896,044 | 10,287,901 | (138,260) | 674,491 | 18,720,176 | ||
| Historic cost | at | |||||
| 31 December | 2021 | 5,773,951 | 7,114,332 | (138,260) | 674,491 | 13,424,514 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Trade Creditors | 427 | 500 | ||
| The Polire Treatment | Centres current account | 46,222 | 44,710 | |
| Accruals and deferred | income | 27,044 | 22,760 | |
| 73,693 | 67,970 | |||
| 14. | Provisions for liabilities | |||
| 2021 | 2020 | |||
| E | E | |||
| At 1 January 2021 | 4,058,591 | 3,733,802 | ||
| Utilised in the year |
(723,731) | (774,963) | ||
| Charge for the year | 585,564 | 1,099,752 | ||
| At 31 December 2021 | 3,920,424 | 4,058,591 |
| Endowment | Restricted | Unrestricted | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| E | E | E | E | |||
| Fund balances at 31 December 2021 | ||||||
| as represented | by: | |||||
| Tangible | assets | 374,031 | 374,031 | |||
| Investment assets |
7,757,784 | 10,962,392 | 18,720,176 | |||
| Current | assets | 723,534 | 723,534 | |||
| Current | liabilities | (73,693) | (73,693) | |||
| Long-term liabilities |
(3,920,424) | (3,920,424) | ||||
| 7,757,784 | 8,065,840 | 15,823,624 |
| At 1 | ||||||
|---|---|---|---|---|---|---|
| January | Incoming | Outgoing | Gains and | 31 December | ||
| 2021 f |
resources f |
resources f |
losses F. |
2021 E |
||
| General | fund | 7,029,924 | 1,215,751 | (779,567) | 599,752 | 8,065,840 |
| At 1 | |||||
|---|---|---|---|---|---|
| January | Incoming | Outgoing | Gains and | 31 December | |
| 2021 E |
resources E |
resources E |
losses E |
2021 f |
|
| Investments | 7,304,601 | (33,630) | 486,613 | 7,757,784 |
| 2021f | 2020f | ||||||
|---|---|---|---|---|---|---|---|
| Net income / (expenditure) for year |
1,489,099 | 359,924 | |||||
| Depreciation and impairment oftangible |
fixed assets | 8,906 | 8,905 | ||||
| (Gains) / losses on investments | (1,086,565) | (457,560) | |||||
| Interest and dividends received |
(684,704) | (654,853) | |||||
| Increase in provisions (net of payments) |
(138,167) | 324,789 | |||||
| Decrease / (increase) in debtors |
35,809 | (28,984) | |||||
| Increase / (decrease) in creditors |
7,682 | (2,716) | |||||
| Net cash oufflow from operating | activities | (367,940) | (450,505) | ||||
| 21. | Analysis ofcash and cash equivalents | ||||||
| 2021f | 2020f | ||||||
| Cash at bank and in hand |
602,189 | 396,799 | |||||
| Cash held in investment porffolio |
536,231 | 984,857 | |||||
| Net cash | 1,138,420 | 1,381,656 | |||||
| 22. | Financial instruments | ||||||
| The carrying amounts ofthe Charity's |
financial | instruments | are as follows: | ||||
| 2021f | 2020f | ||||||
| Financial assets | |||||||
| Measured at fair value through |
net income / expenditure: |
||||||
| -Fixed asset listed investments | (note | 11) | 18,720,176 | 17,524,195 | |||
| Equity instruments measured |
at | cost | less impairment: | ||||
| -Current asset investments | |||||||
| Measured at amortised cost: |
|||||||
| -Accrued income | 41,261 | 42,555 |
| Measured at amortised |
cost | ||
|---|---|---|---|
| -Trade creditors (note | 13) | 427 | 500 |
| —The Police Treatment | Centres current account (note 13) | 46,222 | 44,710 |
| -Accruals (note 13) | 27,044 | 22,760 | |
| 73,893 | 67,970 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| income and expense | |||||
| Financial assets measured | at fair | value through | net income I | ||
| expenditure | |||||
| 884,449 | 663,028 | ||||
| Net gains and losses (including | changes in | fair value) | |||
| Financial assets measured | at fair | value through | net income I | ||
| expenditure | 1,088,585 | 457,560 |