2022-12-31-accounts - The Police Children's Charity

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e po//o TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR THE POLICE CHILDREN'S CHARITY Charity Number: 1147445 Scottish Charity Number: SC043652 Company Number: 07822521 Formerlyknown as the St George's Police Children Trust

Welcome
grants Auailable
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	Actiuities		18
Balance Sheet			19
Statement of Cash Flows			20
Notes to the Financial	Statements		21

St.Andrews
Harlow Moor Road
Harrogate
HG2 OAD
St.Andrews
Harlow Moor Road
Harrogate
HG2 OAD
TC Group
Registered	Auditors
6 Queen Street
Leeds
LS1 2TIN
Barclays Bank Pic
25James Street
Harrogate
HG1 1QX
Cazenove	Capital Management
12Moorgate
London
EC

he current me	mbership is a	s follows:
Name		Force			Appointment	Termination
					Date TPCC	Date
L Kelly (Chair)		Police Service of	Northern	Ireland	09/04/2015
A Grandlson	(Vice Chair)	West Yorkshire			22/09/2014
M Davis		Co-opted			19/05/2017
R Dutton		Co-opted			21/11/2013
R Hay		Police Service of	Scotland		18/10/2022
C Irvine		Durham			25/01/2022
BJones		Police Service of	Scotland		16/02/2022
SKennedy		Merseyside			24/1 1/2022
A Lees		Co-Opted (NARPO)			02/08/2016
I Magee		Police Service of	Northern	Ireland	1B/03/2022
M Marshallsey		British Transport	Police		01/09/2022
K Meynell		Derbyshire			25/04/2022
D Murphy		Police Supertntendents' Association			02/1 1/2017
R Murray		Cleveland			01/01/2022
T Purcell		Police Service of	Northern	Ireland	18/07/2018
J Robins		West Yorkshire			16/06/2018
A Shaw		Police Service of	Scotland		12/07/2022
D Simpson		Norihumbria Police			14/03/2018
J Skelton		Nottinghamshire			12/05/2016
LWlnwerd		Norlh Yorkshire			21/07/201 6
RWood		Police Service of	Scotland		08/04/2021
EAldred		North Yorkshire			07/12/2021	1B/03/2023
R Berber		South Yorkshire			25/05/2016	20/06/2022
N Goodband		British Trans port	Police		16/07/2021	31/08/2022
R Henderson		Police Service of	Northern	Ireland	24/06/2021	18/03/2022
W Kerr		Police Service of	Scotland		07/12/2021	10/10/2022
SLangham		Lincolnshire			09/11/2022	31/01/2023
A Mecinnes		Police Service of	Scotland		27/01/2022	02/08/2022
I Magee		Police Service of	Northern	Ireland	16/03/2022	05/05/2023
A Malcolm		Police Service of	Scotland		16/02/2022	20/06/2022

			Unrestricted	Restricted	Endowment	2022	2021
			funds	funds	funds	Total	Total
		Notes	6	6	8		8
Income from:
Donations and legacies		2	520,854			520,854	531,047
Investments		3	721,437			721,437	684,704
Total income			1,242,291			1,242,291	1,215,751
Expenditure on:
Raising funds Charitable activities		4 5	43,050 794,445		33,041	78,091 794~	75,061 738,156
Total expenditure			837,495		33,041	870,536	813,217
Net gains/(losses)	on investments	11	(1,072,600)		(823,229)	(1,895,829)	1,086,565
Net Income/(expenditure)			(667,804)		(856,270)	(1,624,074)	1,489,099
Net movement in	funds		(667,804)		(856,270)	(1,624,074)	1,489,099
Reconciliation of	funds
Total funds brought	forward		8,065,840		7,757,784	16,823,624	14,334,525
Total funds carried forward			7,398,036		6,901,514	14,299,550	15,823,624

			for the Year Ended 31 Decemb	er 2022
					2022	2021
				Notes	f	f
Cash flow from operating	activities			20	~64D,625	~367,940
Net cash flow from operating			activities		~640 625	~367,940
Cash flow from Investing	activities
Purchase of investments						(560,000)
Dividends and interest received					721,437	684,704
Net cash flow from investing			activities		721 437	124704
Net (decrease) IIncrease	In	cash and cash equivalents			80,812	(243,236)
Cash and cash equivalents		at	start of period		1,138,420	1,361,656
Cash and cash equivalents		at	end ofperiod	21	1 219232	1 136420

Expenditur	e on rahlng	funds
			Unrestricted	Endowment	2022	2021
			funds	funds	Total	Total
			E	E	E	E
Investment	management	fees	43,050	33,041	76,091	75,061
			43,050	33,041	76,091	75,061

Expenditure	on charitable activitie	s
		Activities
		undertaken	Support	2022	2021
		directly	costs	Total	Total
		E	E	E	E
Grant making	—unrestricted	486,042	302,384	778,426	733,151
Governance	costs (note 6)		6,019	6,019	5,005
		486,042	308,403	794/45	738,156

Analysis ofsupport cos	ts
			General	support	Governance	2022	2021
				costs	costs	Total	Total
				8	6		8
Management charge —Police
Treatment Centres			270,000			270,000	130,000
Communication and Information
Technology				1,475		1,475	1,420
Other office expenses				22,004		22,004	7,261
Depreciation —owned assets				8,905		8,905	8,906
Legal and other professional		fees			939	939	1,105
Auditor's remuneration					4,300	4,300	3,900
Other					780	780
				302,384	6,019	308&3	152,592
Net income/(expenditure)		for the year
						2022	2021
						E	f
Net income/(expenditure)	is	stated afier	charging:
Depreciation —owned assets						8,905	8,905
Auditor's remuneration						5,080	3,900
Employees
						2022	2021
						E	F
Management charge						270,000	130,000

Tangible fixed assets
	Fixtures,	Freehold
	fittings and	land and
	equipment 6	buildings 6	Total
Cost
At 1 January and 31 December 2022	5,093	445,273	450,366
Depreciation
At 1 January 2022	5,093	71,242	76,335
Charge for the year		6,905	8,906
At 31 December 2022	5,093	80,147	85,240
Net book values
At 31 December 2022		365,126	365,126
At 31 December 2021		374,031	374,031

Fixed asset	Investme	nts
				Endowment	Unrestricted
				cash held	cash held
		Endowed	Unrestricted	as part of	as part of
		Ihtted	listed	Investment	Investment
		investments 6	Investments 6	porffolio	porffollof	Total 6
Valuation
As at 1 January 2022		7,696,044	10,287,901	(138,260)	674,491	18,720,176
Management	fees			(33,041)	(43,050)	(76,091)
Distributions	received				712,227	712,227
Interest					7,675	7,675
Transfers
Withdrawals					(500,000)	(500,000)
Equalisation
Revaluation		(823,229)	(1,072,600)			(1,895,829)
As at 31 December 2022 7,072,815			9,215,301	(171,301)	851,343	16,968,158
Historic cost	at
31 December	2022	5,596,500	7,291,783	(253,932)	1,238,789	13,873,140

13.	Credltotu: amounts f	alling due within one year
			2022	2021
			E	E
	Trade creditors		425	427
	The Police Treatment	Centres current account	49,312	46,222
	Accruals and deferred	income	24,596	27,044
			74,333	73,693
14.	Provhtions for liabilities
			2022	2021
	At 1 January 2022		3,920824	4,058,591
	Utilised in the year		(768,991)	(723,731)
	Charge for the year		481,502	585,564
	At 31 December 2022		3,632,935	3,920,424

			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			E	E	E	E
Fund balances at 31 December 2022
as represented		by:
Tangible	assets				365,126	365,126
Investment assets			6,901,514		10,066,644	16,968,168
Current	assets				673,534	673,534
Current	liabilities				(74,333)	(74,333)
Long-term liabilities					(3,632,935)	(3,632,935)
			6,901,514		7,398,036	14,299,550
			29

		At 1
		January	Incoming	Outgoing	Gains and	31 December
		2022	resources	resources	losses	2022
		E	E	E
General	fund	8,065,640	1,242,291	(837,495)	(1,072,600)	1,398,036

								2022	2021
									E
	Net income / (expenditure) for year							(1,524,075)	1,489,099
	Depreciation and impairment oftangible				fixed	assets		8,905	8,906
	(Gains) / losses on investments							1,895,829	(1,086,565)
	Interest and dividends received							(721,437)	(684,704)
	Increase / (decrease) in	provisions		(net	of payments)			(287,489)	(138,167)
	Decrease / (increase) in	debtors						(12,998)	35,809
	Increase / (decrease) in	creditors						640	7,682
	Net cash outflow from operating		activities					~640,626	~367,940
21.	Analysis ofcash and	cash equivalents
								2022	2021
								E	6
	Cash at bank and in hand							539,190	602,169
	Cash held in investment	portfolio						680,042	536,231
	Net cash							1,219,232	1,138,420
22.	Financial Instruments
	The carrying amounts	ofthe Charity's			financial		instruments	are as follows:
								2022	2021
									6
	Financial assets
	Measured at fair value through			net income		/ expenditure:
	-Fixed asset listed investments			(note	11)			16968,168	18,720,176

are summarised as follow	s:
						2022	2021
Income and expense
Financial assets measured	at fair	value through		net income	/
expenditure
						742 227	684 448
Net gains and losses (Including		changes	In	fair value)
Financial assets measured	at fair	value through		net income	/
expenditure						(1,895,829)	1,086,565