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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
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|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|
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|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||
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|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|
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||||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|
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|2021
5|2020f|
|---|---|
|130,000|130,000|
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|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|
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|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|
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||||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|
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||||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|
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|||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|
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||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|
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|||||||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|
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|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|