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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
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|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|
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|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||
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|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|
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||||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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||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||||
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|||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|
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|||||||||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|
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|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|