TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR THE POUCE CHILDREN'S CHARITY Charity Number: 1147445 Scottish Charity Number: SC043652 Cornpony Number: 07822521
Index Welcome fjrants Auailable Vision, Mission Statement and Values Legal and Administratiue Infomiation Trustee, Report (Including Directors, Report and 7-13 Strategic Report) Independent Auditor's Report 14-16 Statement of Financial Artiuities 17 Balance Sheet 18 Statement of Cash Flows 19 Notes to the Financial Statements 20-31
e po//c Welcome The Police Children's Charity exists to support donating Police Families across the United Kingdom in times of need. It primarily supports and benefits children & young people not only when parental bereauement occurs, but also in ill health retirement cases where reduced income could haue a detrimental impart. The Charity is constantly adapting to changes and the associated requlrements in the policing world to ensure it is responsiue and remains a5 fit for purpose as it can be. From January 2024 Police staff became eligible to sign up and access benefits meaning we are a totally inclusive Charity. During 2024 the charity added a blrthday gront for school children, odding to an already comprehensiue support package. In my role as Chair over the lost seven years I have been humbled by the support and assistance Lue haue been able to prouide for Police Families when they are in most need. To remain fit for purpose, the Charity will continue to evolue and reflert the changing world of policing. Being unable to positively intervene because there was no donor in the family is both frustrating and heart-breaking. Therefore. I would ask that awareness of what this Charity prouides is promoted and would encourage all those eligible to consider becoming a donor. Lidm Kdl CHAIR
Smith Family Story Lllys mum is a Seruing Officer in Nottingharnshire Police. On heoring about the 'fjrants for All. they applied for the Ex fjrotia grant to help support Lily with the extra pressures of liuing with Cerebrol Palsy. Here Llly te115 us in her own words how the Charity has helped her. "Hello, my name is Lily Smith. I'm currently study4ng History. English Liternture, and Politlcs for my A- leuels. I wos born wlth cerebral palsy, which primorlly offects my legs. $0 l use a wheelchair. My hands ond fingers are also afferted, so from an early age, l used a computer or iaptsp to help speed up my work and reduce straln on my fingers. My fomlly applied to The Police Children's Charity to see If they could offer supporL When we received the donation to go towar(ts a new laptop from The Police Children's Charlty. It was honestly life-changing for my studies. Before that, I had been relying on the school's laptops, which, to put it bluntly, were awful. They were slow. ionstantly freezing, and would Tandomly shut down at the worst MOMentssUallY when I was in the middle of WTltlng an important essay. Trying to reseorch, toke notes, and complete coursework on those machines was frustrating ond, at times, ouerwhelrning. Hoving my own ioptop hos made such a difference to my A-Leuel studies. I no longer have to worry about whether the device will work properly when I need it most. Irs f(, reliable, ond allows me to work efficiently from anywhere, whether thavs at home, in the libTOry, OT even at a café when I need a change of scenery. I can now organise my notes Properly. access research materiats qulckly• ond use all the software I need without any issues. Looking ohead to universityi this laptop is going to be Involuable. I'll be studying history, which means a lot of reading. research, ond essoy writing. Having a dependable deuice will allow me to acce55 online orchiues, wrlte and edit essays Smoothl and keep up with iertures and assignments without stress. I can also use it for things like video calls with tutors. joining online study groups. and acce55ing universlty resources that would have been a struggle on the old school computers. I'm incredibly grateful for this supporL It's not just a iaptOP-iVs a tool that's helplng me achleue my academic goaLs and setting me up for success (rt uniuerslty. Thank you so much to The Police Children's Charity for moking suth a huge difference in my education nnA fiiture.- fjrants For AU
Prouiding a helping hand if the unimaginable happens The Police Children's Charity is a reglstered Charity which provides support to Police Families by helping to ease the financial pressures of bringing up children in the face of life-changing circumstances. These circumstances could include the toss of either Police Family parent or when the Police Family parent Is unable to earn an income due to injury or illness, sustoined on or off duty, or when o child15 Struggling as a result of mental health challenges. Support from the Charity can provide a degree of financial certointy in difficult tlmes and Is proulded for on or off duty incidents to the families of all our donors. Our Vision Our uision is to create an enuironment where The Pollce Children's Charity Beneficiary families are free of flnanclal cares and concems. Our Mission Statement To PToulde present and future financial and other support to The Police Children's Charity Beneficiaries. Our Values Always put our Beneficiories at the heart of our work. Actively seek out new Beneficiories. Continue to SUPPOrt all Beneficiaries in an open ond tronsparent woy. Deal with all new and existing applications in o sensitive monner.
THE POLICE CHILDREN'S CHARrrY CompanyNumber. 07822521 Charfty Number 1147445 Scottish Charity Number. Company Numb•r. 07822521 Buslnos8 Addr0. St. Alrew5 Hadow MOOT Road Harrogale HG2 OAD Ro918t•rod Offlc•: Sl. AThJTeWS Harfow Mt*Jr Road Harrogate HG2 OAD Audltor. TC Group Registered Audttors 6 ¢lJeen Street Leeds LS1 2TW Bankers: Bardays Bank PIC 25 Jarnes Street Harrogatg HG1 1QX Investm•nt Advlsors: Cazenove Capital Managemènt 12 Moorgate Lorvjon EC2R 6DA
THE POLICE CHILDREN'S CHARr CynpanyNumber.' 07822521 TRUSTEES REPORT (Induding Director5, Report and slrat8gic Report) for the Year Ended 31 D•mb•r 2024 The Twsle&s, who are also Directors of the Charity for the purposes of Companies Act 2006, submil their Annual Report and audited accounts for The Pdice Children's Charity Ilhe Company} foT the year ended 31 December 2024. The TnJsteÈs corfirm Ihal the Annual Report aThJ financAal 51alemenls comply with current statutory requirements. The pr1rlPa1 SEte and registered offTh for the Charity is St Andrew5. Harlow Mi)or Road, Harrogats, HG2 OAD. STRUCTURE. GOVERNANCE AND MANAGEMENT a. Conslltulion The Police Children's Charity was re9isler8d as an Irped charfty on 25 October 2011 and commenced trading on 1 January 2013. On l January 2013 the trade and 8sseis not re$tricled by p8rnianenl eThJowmenl of the St George's Tnjsl {SGPTI were Iransferred lo the St George s Police Childr&n Tnjsl al labr rnarktsl value. The St George's Poli Children Trusl has trn anted a linking order beeen the fv40 Charilbs lo enable consolidated accjjunts lo be wepared. The St Gthxge's Pollce Chlldren Trust IrefOre acts as the coryx)ral8 Twslee of the exisb'rvJ charity, the Sl Georp's Police Trust. The St George's Police Twsl remains r8g¢stered wilh the charities commission 11147445-11. The governlng documents w&re last reviewed on the 8 August 21)16. In January 2022 the Chan'ty changed ils trading name lo The Pdte Children's Charity. The Company Is registered as a charitable company limitfjd ty guarantee. rggi$lwgd Charty Cornmlssk>n number 1147445 and OSCR SC043652. and was set up by a Trust Daèd and is governed by the M9morandum and Articlfj$ ofAssocialK)n. The prln¢ipal oblectiv¢ of The Polke Children's Charity is Contsined in the Momornndum and Artides of A3socialion as follows.. The Charity's objects are sp8cifically restrided to the felSef of those In need by reason of ill- health. disability. financial hardship or other disadvanlage for the public banefit in particular but not limited lo support children aDd young people up to the age of 25 where a parent who is, or was, a serving police officer or police staff member. Oryanlgatlonal Stru¢aur• The Charfty is Nn tyTNstees Ickreclors olthe coMpany}w3r9 •laC fr thè frAkMiNJ organi$aliorts.' SIX fnJste06 appointed Naticml Chth. of ETrJland, WalBS arKI NoTlh8m Iroland INPCCI., One Tru5te8 8pwJintèd ty lh8 Sc(rtlish Chlef Poltce Officers, Stsff As9xIth ISCPOSAI., Two Truytaé5 apwsintad by the Pdice Superfntendwrfs, Assfyielton ol Eland aThJ Wth IPSAEWI, Ona Trust8 app¢inted by tha A5rriatic ofSDJllith Pol8 Supwintendents IASPSI" One Trusteè apwntad by thè SurArinlendents' AsxKiats of Northwn I18Th1 ISANII.. Organlsatbonal StnJdur• IC11n•d) SSX Trusteès by Iha P(Ats F8derathon of Eryland wa IPFEWI Thme Twstees app)inted by lh6 Scoll)sh Pol Federation ISPF}:
THE POLICE CHILDREN'S CHARrrY Company Number. 07822521 TRUSTEES REPORT {In¢luding Directors, Report and $trntèglc R8POrt) for the Year Ended 31 D¢¢wnbor 2024 One Trust88 Inty try lh8 Pdic8 F8d8fdlll)ns of the Bvtish Transport P(4. Civll Nudear Constabulary and the Ministry oftferte Polte.. Thr88 TTUStees apited iry ts Polti FthatK)n ofNcrthem IreL7nd IPFNII., aTrJ Up 10 Six ce Truthes al one are apwift by IhgTaes. The Charfty amended ils 8rbcbs werfj approved in March 2022 to Tèmovè tho rank from thg feder*ioA repr88enlattve8 lo enable the apwnlmenl of Irustse th) has the best skills to dolivèr the ahns of Ihe Charity
THE POLICE CHILDREN'S CHARrrY
Company Number. 07822521
TRUSTEES REPORT
Vn¢luding Directors, Report and 5tralegi¢ Report)
lor th• Y¢ar Ended 31 D8¢ombor 2024
Organi5ational Structure Icontinuedl
Thè eurrant mèmLwrship is as follM'.
Name
Intn¢
D8te TPCC
09n4r2015
0810412020
2W(W2023
01104r2025
1910512017
10110r2024
11810612024
1910212024
1W10r2022
01102r2025
2S0112022
1610212022
24111r2022
0210e42016
Tem)inatkYb
L Kelty (C{rI
R Wood (V0 chairl
C BenUBy
S Cowan
M Davf5
J Fisher
T Forbgr
M Hamilton
Fq Hay
S Houston
C Irvin¢
B Jon89
S i
THE POLICE CHILDREN'S CHARrrY
Company Number." 07822521
TRUSTEES REPORT
{Includlng Directors, Report and strat•g1¢ Rèport}
forthe Year Ended 31 D•combér 2024
The Trustees have the followirKJ sub-committees to assk%l Ihe(r operation..
Finance and Human R8sources Committee
This subvcommittee meeis on a quarterfy basis and oversees )Inancial ppJfOma0 and hLJman resources
¢ssues.
Inv•stment Sub
THE POLICE CHILDREN'S CHARITY Company Number. 07822521 TRUSTEES REPORT Ilnduding Director5. Report and strategic ReFJOrtI forth• Y•ar Endod 31 December 2024 Strategi¢ Report Flnanclal and Operallonal R8vlw4V 2024 The Pol Children's Charity has posted finanual resulls in line with twedictiDns for 2024 de5Prte drficull economic limes log6theT Wrth wars in the UkJaine and the Middle East. In 2024 the Charity posted a Surplus of £350,058 comp8red to a deficit £128,170 in 2023. The main reason for the SU$ was a reduction in the provision for long tenn liabilities of £247,768 folkJwn9 Ihe annual calcJJlalM)n of the kyovision required lo support the beneflarieS through to the aga 0125 together wlh not drawing down on the contingency fund. The Trust's inveslmenls In¢8s8d by £1.467.016 whh meant the ng1 movement of funds fcy the year was a suwus of £1.817.074. In January 2025 the eligibility was widened to indude all pol slalf. A number of staff signed up lo the Charity wh meanl the overall number of donors year on year remained constant. This has bèen promoted throughout forces and the Charity wll continuo lo do throughout 2025. The Trustees took the deosi)n In 2024 10 irKrease the benefils avallable to beneficlarfes by adding blrthday an1. Thlswds set al £150 per chld and Is pahj in thè month of Iheir bSrtlvJay. During 2024 tho Charity workgd wilh all Fedefations and Benevolent Fun¢Js to ensure those eligi8 were ggtbrE th8 SUPPNt Ihty d¢seTved. this awareness will continue into 2025. The Trust ntinued lo usè loslimonials to gupp¢)rt its work Wh has a dired impact on erQUragfjng oificers io support the Charity. The Truste88 took the decision lo use the property on La185 Road to benefit the children and young people by allowlng Ihe house to be used for holKJay slays for beneficiaries ano their families. The property continued to be used as a holiday let free lo bfjneficiaries throughout 2024 with great success. This has continued into 2025 with all school holhlay weeks nw typically fvlly booked. As a result of ihe 5ucce5s the charlly ha5 an agreernenl with the PolKe Trealmgnl C?nlres to rent ils ttag$S to TPCC benef1ciaries when TK)I being used by patients. Inv•stsn•nt In¢om? There was a small decrease in investrnent income in 2024 from £718,517 10 £718.707. The Charity took advantage ol the higher interest rales to ireaSe tha intorosl il gained from Barclays and cash held in the Mulli Asset Inveslmenl Irom £44.131 10 £49.195. Support Costs The Trust does not dirgcuy ¥mploy staff bul inslead operates wth a seNice ¥81 aEffeem8nt wlh The Policg Treatment Centr8$ I'PTC'I and L8 Char a m8n8g8ment charge (note 6110 cover the management and administralion of Twst. The Investment Pollcy The Investment Pdiryy 8greed by the Board of Trustee5 is to increase incorne in line with infiallon while pre$9rving the real value of capital sums invesl&l. The breakdown. naturp of irweslments and Investment Policy has been agreed with the PTC TTustees' Investment Sub-ComEnittee and the PTC Finan and Human Resourc8s Committee. The Trustees have placed restnctions on the Invostrrenl Manager's authority and the Inveslment Policy will be ¢onlinudly mOnitd and revwed at slx-monthly intervals. The portFolio is invested in a Tnulti assel fund whth 1$ managgj by Cazenove. ThèTè was an UnalISed profrt of £1.467.016 on inveslments for 2024. li
THE POLICE CHILDREN'S CHARtTY Company Number. 07822521 TRUSTEES REPORT Iln¢ludlng Dlrectors. Report and strat¢gi¢ Roport) forth¢ Year Ended 310ecemb•r 2024 Re8erves Pollcy Tho Reserves Polw ageed by the Board ol Trustees is lo maintain availatAe reserves of al least £3.6 million. The Charity fequires this level of reseNes because rt does not have a guaranteed incom& and this represents the Charity's ability to mainiain reseNes to meet comrnilments lo CUent beneficiaries without the need to Taise additional lunds. current ihe reserves, vthen based on the unStrICted assetslgss the unrestricted liabilities. means that the Trusl has SUent reserves to eet ts long-tem liabilities. In addition. the Trustees re¢wi15e that the value of annual benefits di5bur5ed to neficianeS canrK•l be mel by thè value of annu81 Offer donations alone, therefo they have also resolved to retain SUfficnI reserves to 9enerale enough income through ils investments lo supr)rt the revenue budget 8nd the di8burstsmenl of those monies lo beneficia$. The Reserves Polry will be Continually rnonilor8d and reviewed on an annual bosls. Future Plan8 The Charity has created a stable fooling from %th¢¢h it tan mov8 forward and prtsvkje Support lo children who have a lost a p8renl Ihrtyjghoul their educaft. Th8 key obl&thves for 2025 are.. To promote the changes agre by ts Trustees lo all Poli¢8 fms wihin our constltu¢nt forc8S,' To conlinue its awareness campBign to irK¥ease the number of officers Ihal arg donallng lo the Charity.. and TD review benefrts ava48ble lo benefKiarles. Employe•8 and volUntr8 The Trust does not employ anyon8 dlreGtty but has a Sew Levol Agreement with The Pollce Treatment Centres to manage the service. RS8k Managfrm•nt Trustees have a risk management stratw vthich comrwises a quarterly revlvw of thè Risk Register by the Finance aTM1 Human Resources Committee and an annual review of any key risks to the Trust by the full 8oard. Th& strategy entleS and 8slablishes systfjms and aCtrts lo rnitigale those rfsks and implement pro¢edures deswjned to minimise any polenb'al impacl on the Trust 5hwld those risks malerlalise. A register has been prepared cOVng significant risks usi¢YJ the cepted thleTia of likèlihood of etcurrence ar¥J potential impaet on the Trust's actNiIs. This register was ppared in conjundion with rnanagèment of the PTC and is kept undèr revT8W Wlth a forrllal update boing performed when requi. Following a detail anatysis of the Trust's operaticsns, key rtsks were documented and wher* n8¢8ssary. Iarts lo mrfyJate Ihem have been introduced. Post 8alance Sheet Evonts There weTe no material post balarts sheel events up to the date of approval of the finanaal statements. Trustees, Responsibilities Thg Charity Trustees (who are also the Directors of The Pdice Children's Charity for the purposes of company law) are responsible lor preparing a Trustees. Annual Rewrt and financial staternents in accordance with applicable law and United KIOrn Accounting Standards (United Kiwdom Generally AcpIeC1 Accounting Pra¢licel 12
THE POLICE CHILDREN'S CHARrtY Companyhlumber. 07822521 TRUSTEES REPORT {In¢ludlng Directors. Roport and strategic Report) for the Year Endod 31 December 2024 Company law requires the Trustees to Fware finanfaal statements for Ihe year which give a true and fair view of the state of affairs of the charrtable company and of the incoming reSDurces and application of the resources ofthe Charty for th F4rk)d. In preparing these finanoal ststemenls. ts Trustees are requyed to.. Select suitable accounting port and then appty them cnnsistenty., ObseNe the and prfnelples in the Charlies SORP.. Make judgernents and accounting estimates Ihat are rea$able aThJ pnJda)( Slate whether applieable UK Accounting Standards have been followed sul'ttt lo any matsrial dgpartures disck)sed and explained in the financial statements.. and Prepare the fina1 stslements on going coreM basis unless it 1$ inappropriate to presum8 that the company will conbnue ts business. The Trustees are resF¢n$I8 for keeping proFfjr xcounting records kh disdose wth reagonabl8 auraCY al any time thè financi positKJn of thè Charity and enab them lo ensure that the financlal Stalemfrnls compfy with thè compan Act 2C(6. They are also restXnsible fcrf safeguarding the assets of the Tru$l and hence for tskiro reasonable sleps for the preveTrtn and delection of fraud and other irregularili¢$. Audltor TC GJP wa5 appJln¢ed a8 Stelutory for3 yearn In 2Wd1. Stat•m8nt of dl•clo8uve of Infomiatbon lo audltor The Trustees ri that, al the date of the apprcwal of these finandal ststen*nts, so far as Ihey are oach aware.. there Is no relevant infcxrnalion 0fvthh ts eA)mpany's audity 1$ Un., aTr they have taken all the sieps they ought to have iaken as Trustees Fn order to rnake themselves aware of any reVant audbl infomlation and to eslablish that the auditor L8 of that Informaln y ordor ol the TN8tee5 R Wood (Chalr of the Finance and Human Re80urces Committ••l Date: oiloiluL 13
THE pOLE CHILDREN'S CHARtrY ConJpanyNumb•r 07822521 INDEPENDENT AUWOR'S REPORT forthg Yoar End8d 31 Dècèrnbgr 2024 Oplnlon We have 8udiled the f881 st8temen18 ofThè Chthns Ch•fity ltt'tharitsb tsxryany'l forthe yewended 31 Oe¢emb•r 2024 wh ccffjprise Ihe StatenI of finanual ACt1¥rt lfwjrp0rdlK an and Expenditure Accvunti. the èalanee Sheel IhÈ siameni of Cash FJM aTrJ nole5 bj Ihe finar1 Stata))en ¥ surntThary of g9n1cant acrfjuntiffj poli¢s Tr financyal pOrting frnert that has teen 8ppld in theK pwaratk)n is aWK)ble tsw arK1 United Kingd¢yn A(tounting StarKlard& inchjdws Finanaal Reporbry stdard 102 Th8 RertIng $18thrd &pph¢oble in the UKafKI Rewbk oflrnlwKIIUnited Kj'rgdom AlnIng Pr¥(aice In oUrcpinn th• fina81 sts¢mnts'. give a true and fair vw of th¢ ste oftN ¢hgrflable cor1$ affalts as at 31 Det•nt• 2024, aThJ of Its ineonlng esources and applicalon of resourcrt, indLvJing its income 8MI expe1lIv. lorthts yearthen ended, have be propedy prepared in aCrdae wlh Kwwm Genal Atteptèj Awounb'ffj Prdcbce.. and have been prepared in acCOréae with th• of Ad 2006, the Charities and Truste• Investment IScotsTrJl Act 2C¥J5 and regui¥on 8 olfv Gh¥1 ACCOts Isttlard) ReguL4tYA 20C. Ba¥1¥ loroplnlon We condKted our aLts4it in accorda wth Inleinabonal SlaTrJarts on AlD"ng (UK) IISAS ILIKII and applbIl Our re5ponsibililies under thc4e stsndards are further debed ui th• Audilorfs rESpSIbilit5 lor Ihe 8j11 el thg finanEiil IlatemeThts seLtion of wr repm. We are iThJepet of the group •nd parent charitable company in actordance vrth th• thwl requIreffl8 that are relwnt to ovr •udit oi thB finaNc481 slatrents in the UK. incjuding th? FRC'S Ethical Standard, and have lfil) our olher elhr•l spS1)Art1eS in 8c¢ordath wth thtrse requirelnts. We belNiv• thai th8 audit e¥ence h8¥9 Qt48ined o 8ufficient 8nd wropiiate 3 basis forour opiwn. Conclu8lon• relallng lo golng ¢on¢•m In aLlltlng th8 finaL81 8rrnts, ¥ h•w4 rdI&l Ih•l Ih• TnJt••J' w ol thé concem ty48 of acoyjnting in the preparaton ofthe finandol $lat¢m¢nts ¢ oppffjp ased on Ihe have Ferfomw. haNt rnl idenlifed 4ny rnaierial uncertainles rei41ry lo events or conditioni that. indiwdually or co1ely, may cast svJnrftsnl dwbl on the Charitsbk (lpanIS ability t¢ eoniinue as a goiry Co0M for 8 peritrj ofat 9$1 Thxlhs frrm on911 fintall 8iatwn•nts Iwre suthori¥8d lor i58ue. Our resporribllltles Ihe reSpslI11S ol ts Tftthes Ivspecl to gJwJ conc•m dtscrthd in the rolevanl aectrons of this rek¥Jrt. Other InfOallon The other infOn3¢n corryw inform8tv)n Incld in ts Tnoes' Reptyi. othet thèn lh• finarKAal statsmonts ond our Hudil015 report Ihereon The trustee8 are responsib A)r Ihe otherinfrjmtsbttn tontair•d %ithin the annual rBPOrt. Our opinion on the financ4al state0 dces Ml cover the other infomK)n and, exte5X to e¥tenl othewi5e eX1¢Y Stat•d In our Tpport. do notexpress any kn ofasswarts Lx%)dugty)n tsre. Our responsiblty 18 lo read Ihe other infomathx aThJ. so. wnsider tIE other infotrnation is materially incon5iStenl wlh Ike fmarrial ststemerts w our knowwe oblained in the awlil. or olhw$& app&ats its be mateallY mi58laled Ir %E wjenlify suth matenal or 8pparÈni Mat1 mtsstatemÈnts. ar required itt dtstermine whether this gNes se to a material mv&stalerrent in the finanual statements thems2e$. If, based on Ihe work %4 have performed. Y*E ojndude that there a matenal 1rAsalt0fthS othÈrinfcMaik)n. are requml to pOrt thai f#¢i We have noihing to regard. 14
THE POLICE CHILDREN'S CHARITY Conwanyhlunthr 07822521 INDEPENDENT AUDITOR'S REPORT forth• Yoar Ended 31 tknber 2024 OplTrlon8 Olt other mtt•rs prM¢ribed by th• C(Thpans Ad 20 In ¢ur cp10n, basad on the [rtaken in Ilkry oJJrne oflhe 8ud the inforrnab'on given in Ihe Trtee5, Repcrft ldj1 the Dir8Ctors' Report and Strategic Report) for th¢ nanlI ye8r forwhich the finanL¥I $taterrnIS are prepared i8 cor6r3tenl th finCl 5taterrents'. and the Stra¢egic Report and the Ll"reth¥' Repjrt have PrePaj in wrth leg81 reqUmentS. Mattern on 1¢h w• •m rewlred to roport by •x¢•pllts In lh¢ IKJhl of cur knoledge ar>J understwding ol tl thaiit&>kn ccfflpany oThJ Its envircffjnrt ¢lJt4in•d in the ¢>JJfSe of the Blt, hav• not thntsfjed materol ryus8tat8mwts in ts styatVdi¢ Repjrtand the Diredor8' Report We have rthIng to report kn resFrtl of the fo1 rr•ltws in relauon to thith the cryaTr Act 2W6 rnquires u• to report ie you if, in ow ownlon. equa octounting reovds nDI boen kepc or rnlum$ •¢qle for tyjr •thlil have not been rdc8W trom branth8s ml iSit by us". or the finare1 81atements 8re not In 4r•rntiMlh the aw)un"rvJ rectyds ar¥J r•tumB' Dr rtain di8dosure5 of direciL¥s' remUrat ¥eafied by la 8r¢ not mth." IY * hlve 1 re1¥ all the InfomalTh arn1 for our audit. or R•$pon•lbllldo• ol tr1• Ag explain•d more fiJUy ITr the Slalem¢nt ol Twees' Re¥pthitIe8, the trust Iwho w• al80 dlrectorn of INry Charitab company for the pu0 ol c4ynpY l•) are re$e lor the preparaticffj of the fina1 $talemenl8 •nd for being Satd th81 Ihey aTrJ fair vnw, and for SLth thiemal contPDI as the trustees deteThnine 1$ n•cessary lo enaile the pr¢p8ralK)n ol fin4r•l slatemenls thal material missL8tem8nL whether du8 10 fravd or In pwrirvJ the financ818tsknen the trusteos #te re8pMwble Sy assgng fv gmUP'8 and paroftt ch8ritabl8 c(xnpany'5 ablty to continue as a 991ry c0M. dr6dosng. as appkCSb, matters Trted lo goiTrJ ¢tern and usirg the COnrn ba8B of attounling urtes¥ Iruslaes either intend to uKlate the groJp or the parent thantab ctynpany or to c•ase OFerab"on&. orhave no reèlir ttt0 do $0. Audilor's re8ponilbllllle8 for •udli trf thg rjnancl 8lat•m•Trts We have been appointed as audrtor under 5eclion 441lllcl of Ihe Ch8rthes Ttys8 Investment Iscouandl Act 2005 antl erthe CornpankACl 26 aTrJ rEPOrt ID aLrordarKe wlh regulations uthwtho8e Acts. Our ObjeiVeS are lo oblain reasWe ossunrtt &lout fiether the finar1 st?twnts a5 a a free from rnaienal misstaleffnL tter d kn frnud or wror. and to an ayditorf5 report that inc&Jdes our opinion. Reasonable assuran is a high Ie1 ofassurnnth but i8 noi a guarantee that w audrt cDrKlucted in ac0)rdaTh with ISAS (UK) 111 aayS delecl a material misstsiennl when it exists mtsstaIleTrts can arise from fraud w error and 8r8 ¢ere rnaterial if, iNidUallY or in Ihe aggregate, ttw aSOnablY be expe(aed to influerKe the economic decon5 ef rS taken on the basis ofthese finarKial statements. IrglarIties, IUdIng fraa, are irtstan¢es tsf nLxHrffiiar)Ct Lqws and rvJubtim5. We Lle519n prncedures in lir th our Spons)i11ts, ouuined atthè, to moterL31 misslaterrnts in res of itte9ularitw. irKludiry frdud. The extent to whith ourwLKedures are capaNe 01¢r Irrewjaritw. inc4u¢fing fraJ. i$delail bel. 15
THE POLICE CHILDREN'S CHARrrY
CompanyNumber 07822S21
INDEPENDENT AufATOR'S REPORT
for tho Yèar Ended 31 Dewnbfrr 2024
Exténttts whi¢h the capabk ol die¢ikng irr•gthiitie4 Includlng
The obJ"ective5 of our a11, in resped ol fraud, a." kn idntify and assess risk5 Df material mi58tsterrnnl of th•
finawl stateffjen15 due lo fraud., lo obt81n suffirJent rf)propDate aLJil e¥#J8rth warin9 the aSsed risk$ of nter11
misslakrrEnt due to fraud, through desqniryj ImptIng apprcyiate rewses.. and 10 respond appropriai•ty t¢
fraLI or susp¢(tsd fraud i(nb"fEd ¢JurirMJ th8 atJrt. Hthver. the prwnary re5ponstslity for Ihe preVentn aThJ detsctlon ol
fra r•st8 Wrth boih Itw ¢haiy•d with governan ollhenbty aryj rt5rnan•3et.
OJr 8ppfD3f w88 as kn110".
We Klentified a¥$ ol kiw5 and reguLgtion$ that ctsjld reason•Y te expe lo ha • m•terial effE¢t on the
finanaal staièmefits frorn cur geTh c¢r)l and sectsr experierKe, and through di¥Amsion wlth the
directors and Olher rnanagmnt185 wuwed by athJibThJ SrS>. and diSsad with the dirtor8 and other
rnan8gemenl the pOlS ¥nd prN%éure5 regard9 COMtynC and regulatien5.'
W• ctsns•Yer&Y the regal ond reguLqlory frame%ork8 diredy to the financ481 stat•ftxnts reporting
fr8mewcrk IFRS 102 and fv Compants Act 2Cl. the Chèffities A¢¢ 2011. tr Charit¢$ and Trust
Investment IScolL8ndl Aa 2CQ5. the CbanbBs Acownts Isthndl R•gulatic5 21. c3)tporatson lax and
employmenl tax legislatiw.
W8 0)ngAdered ts nolure ol Ihe Ir5, th¢ o)ntrol £nrOrn•t •nd buwn858 pJrfJMia, includmg key
drivern for managernenys rwNtrrabM".
We CJ>nrnun4ttd entified an<1 thrwhtmji tyjr tg•n aThJ rem•lfJ •knrt to aThy ind1tin 01
non-complkqrKe Ihroughout ts •ULIrt'.
We consklered Ihe proc4dur•s thntrDls that the CCryy has estli$h•d to addSs risk5 entirJ, or Ihal
otherwise prevent. deteran¢ ¢Jetecl fraud.. and htrw 8enKv managemeni M11¥ those prograD)me5.
Baaed on this under8tsTrJry de94rtd our Budit prrtsthre8 lo thnirfy n<MArLe wth 8uch I 8nd r¥yulatson$.
Whvre the rfsk was wnithred to be hwer. rfo•j to ?re$S eath pJentifi8d rk. The8e
predrS in¢led.. leslirJ manual pum•ls. the finanoal stslThnt disuosures and lesling lo supporti
doeumentalKn, perfc¢ming analybul pwKedures' and ery4uinThJ of m)49emthit #nd re to providè
ieasenable as8uiance that Iha finarwl slaknrro Irom m8teri81 tra1 or •rror.
lo the inharant &mitsb'ons of an •Jthl Ihere is unthrbJat4e rok thai ** my not have d¢te¢ted gom? mat?rfal
misstalem8nls in the fm8no81 $181errn¢s. oven thjgh have prcpedy and rrned our 8udll in accord8
th auditing stsndard$. F¢ eXarne. Ihe luther removed norQPh"Ortt bith la regulati lirregulaith881 is from
the events aTrJ transactions reneded in IN• traal staterrt8. Ihe W likely Inherenlly linited protsdure8 fequired
by aLlting 8tand8rds tskI Klerttify It. Th rk r8 grer regarfrn9 irrewlanbes occurring due to fraud rather thon
error, #s fraud involves In1)nal wwfrnenl. forgery.
collusion, OmiSSiLXI or We are rM)l for pen9 rw
THE POLICE CHILDREN'S CHARrrY Company Number. 07822521 STATEMENT OF FINANCIAL ACTMTIES {INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) for tho Yaar Ended 31 December 2024 Unre5trlctod 2024 2023 Total Total Regtrict•d Endowment Unrestricted R6strlciod Endowmènt funds funds fund$ In¢omg from.. Donations and Iwies Investments 493,233 765.)2 493,233 765,902 491,358 762.647 Total In¢om* 1,259.135 1,259,135 1,254,005 Expendltum on.. Raising funds Charilabl8 activillès 34.347 851.553 23,177 57,524 70.190 851,553 1,311.985 Total •xp•ndSturo 885,9LW) 23.177 909,077 1.382,17S Net gainslllos8esl on Invesimgnls 832.228 634,788 1.467,016 231,506 Nat Incomelloxpondltur•l 120S,463 611,611 1.817.OY4 103,338 Nèt movement In funds 1.205.463 811,611 1,817.074 103,336 R•¢ondllallon of lunds Total ftjnds brought forward 7,432.231 6,970,655 14.402,886 14.299.550 Total funds ¢arrlod forward 8.637.894 7,582.206 16.219.960 14,402,866 All of the 8bove results are derwed from continuing aciNitres. All gains and losses recognlsed in the year are Included above. The surplus for the year for Companie5 Act purposes comprises the nel surplus for Ihe year of £350,05812023' deficit of £128,170) plus the nel unre81ised gain on investments of £1.467,01612023.' gain of £231.5061, amounting Its a surplus of £1.817,07412023: £103.336). The notes on pages 23 to 34 fomi an Intsgral part of th8s8llnancial statements 17
THE POLICE CHILDREN'S CHARrrY Company Number. 07822521 BALANCE SHEET forthe Year Ended 31 Decemb•r 2024 2024 2023 Notes Flxed assets Tangible assets lnvestrrnts 10 356.220 17.385,025 19.OSW1 19004,275 17.741.245 Current assets Debtors Cash at bank and in hand 12 21 121,196 377,688 147,440 479,126 498,884 626,566 LSabllltle8 Credilors". amounts falling due within one year 13 194,6251 1128,585) Net current assets 497,981 Total a••ets1888 currnnt Ilabllltl•s 19,808,534 18,239,228 Provisions for liabllrti¢$ 14 13J88.S741 13.836,3401 Total nat •8Stts 16,219,960 14,402,886 The funds of thg charlty Unrestricted fund5 End¢Jwment ndS 16 17 8,637,694 7,582,266 7.432,231 6.970,655 Total charfty funds 16.219,960 14.402.886 The finala1 slatements were approved by the Ttust*s and authonsed for issue on .... . and signed on its behalf by.. R Wood Trustee The notss on pages 23 to 34 fomi an integrnl part ofthose financial ststements 18
THE POLICE CHILDREN'S CHARITY Conjpany Numljer. 07822521 CASH FLOW STATEMEKr forthe Year Ended 31 DKember 2024 2024 2023 Cash flow from operatlng a¢tlvlllos 20 663,510 837.26LI Net cash flow Irom op¢ratlng a¢tSvltl•s 663,510 637,260 Cash flow from Investlnq actlvltl05 Purchase ol inveslmonls Dividends and inleresl received 765.902 762,647 N•t cash flow from Inv•sllng activlll 765.902 762 647 Not Idecr•a881 I Increase In and Cash equlvalents 102.392 125,387 Cash and ¢a8h equlval•nt8 at start of perfod 1,344,019 1.219,232 Cash and cash equlval8nts at end of p•rlod 21 1.447 011 1,344619 Tha ¢108ing cash balance repyesents the net funds of the Charity. 19
THE POLICE CHILDREN'S CHARrtY Company Numbw. 07822521 NOTES TO FINANCIAL STATEMENTS for th• Year Ended 31 Dec¢mboT 2024 Summary of signlflcant accountlng poli¢ies The principal accounting [IleS are summari5erJ bd¢x¥. The accounting poliues have been applied consistenuy throughout Ihe year and the precedir¥J year. General infonnatlon and basls ol preparation The Pollce Childrèn's Charity is a cornpany lirnited by guarante8 incorporatèd in England. In the event of Ihe chanty being wound up, the liability in respttct of the guarantee is limited to £1 per member of the charity. The address of the registered olfice is gsven in the charity inforrnalion on page 2 of these financial statemenls. The charity's activities focus on the provision of financial support to the children of seNiro and rFJlffed police offerS who have died or who h8ve been incapacitat&J from earning a living. Th8 charity conslilules a public benefit entrty as defined by FRS 102. Tha financial slalemenls have bèen prepared in accordance with Accounting and Reporting by Chartties.. Stalemenl of Recommended Practice applicable to charities PTeparrng their 8ccounls In accordan¢e with th Financial Rewrting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021, thè Financial Reporting SlandaTd applicable in the United Kingyom and Republic of Ireland IFRS 1021, the Companies kl 2006 an¢J UK Generalty Acceple(l Accounting praCte IGAAPI. A$8•ts and Ilabllbti The charitable company commenced trade on 1 January 2013. The eharitsbl8 cx)mpany has obtained a linking order with Sl Georgè's Police Trusl (Chanty Number 114744S-11. The Pollce Chlldren's Charity 1$ Considered lo be Ihe Reportin9 Charity for the fv40 organi88tlons. On 1 January 2013 the trade and assets not restricted by a permanent endowm8nl, of the Sl George's Police Trust were ITansferTed to The Police Children's Charity 81 falr markgl value {wherts the Truslees have assesse(J fair market value as belng equal lo book valu81. The falr market value of this Iransfer lotLed £3,943.863. The Temalning assgts of Ihe Si George's Polu Tnjst havo been accounlgd for as a $Irfcted branch within the permanenl endowment fund. Subsequenl transactions have been recognisgd withln the permanent endowment fund in accordance wlh the requiTements of th8 SORP aThJ th¢ Charities Act 2011. The nature of these transactk)ns and the linking order a considered lo repres8nl a group reslructurirE ex9r¢ise. As such merger accounting has been used lo reffgcl Ihg transacliL)n as It meets the Criteria for such accounting under Financ481 ReportlThJ Stsndard 102 and the SORP 2019. Due lo the strong position of the balarKe sheet and level of liquwj re50UTces, the Trustees havg identified no material uncertainties Ihal may casl signrficanl doubl over the abilty of the charity lo continue as 8 going concem. 20
THE POLICE CHILDREN'S CHARtFY Company Plumber. 07822521 NOTES TO FINANCIAL STATEMENTS lor the Year Ended 31 DKamb&r 2024 Fund accounting Unrestricted ILJnds are general lunds that available fcy use at the Trustees. discretion in furtheranco of the obJectNes of the charity. Designated lunds are unrestricM fvnds set ashle at the dty"On of the Twstees fci specifc purposes. ReStrted funds ate those donaw for use in a particul area or ts Spr purposes, the usè of whh is $ti1¢ted to that ea or purFQSe. Endowment furKls are those (lonated wherety thè fijnd cannot be used as if it were incon*. Subsequently the fund represents an investment In capital that is uti115ed irn aChYlng the charity's objectives. Incomè generatèd by the endowmenl fund will be rwnised wtthin unresiricted income funds whilst the capitsl gains and k)sses and the cost incurred in mainlaining and salegL¢arditvJ the capital will be credi18dlcharged againsl the endowment fiJThJ. Incume l inming resources are induded in the Slalemenl of Financial ActNilk?s when the charity is enlilled lo the incorne and the arrwnl can be quantified with reasonable accracY and weipt is probable. The fol(cAYing specific poIleS are applied lo particular calewies of Inc.. Voluntary incomè is receNed by way of grants. donations and gits and is included In full in the Stalemanl ol Financrdl Actiwties when reNab. Grants where entidemenl 1$ not wndillonal on the delwery of a specifK perfomiance by chaiity affj r¢¢ognts¢d when charity becomes unmndib'onalty enliued lo the granL In¢ome from inv¢$lrnnts o included in the yw in it is re1vable. Legacies are Included when the charty rs advised by the personal representstNe of an estate that receipt is probable. the anK)unl invofved can be quantified and lh8 tharity is enliued lo tre income. 1A Expendmure Expenditure is recognised on an accruals basis as a f18.11ty is incurred. EXpendIre includes any VAT which cannot be fvlty revered, and ts reported as part ofthe expenditu to whh il relate5. Charitable expenditure COmpre5 those costs incurred by the charity in the delNery of ts activities and services for its beneficiaries. 11 iludeS both costs that can be alkxated directly lo such activities and those costs of an indirect nature necessary lo support thwn. Governare costs a part ol supwt costs and are those Costs inojrred in connection with the adminislratKJn of the Charity and comp1k4n with cAstilutK)naI ano stalutory WU1ments. Tangible fixed assets and deprnclallon Tangible ffixed assets are recorded al $1. Al items of a capital nature over £1,W) are included at CQ5t less accumuL8ted deweciats"on. Depreaalion r6 provided al rates calculated to write off the 5t less residual value of each asset over its eXpd useful life. as foll5.. Freehold buiklings FhOld land Fixtules, fith'ngs and equiprrenl - 2% Straht line . not dep(ated - 25% straight line Investments Investments held a5 fixed as5et5 are revalued al mKI-market value at the balance sheet dats and the gain or loss ts tsken lo the Statement Of Financial ActNe5. 21
THE POLICE CHILDREN'S CHARir Company Number. 07822S21 NOTES TO FINANCIAL STATEMENTS forthe Year Ended 31 D•cember 2024 Grants Grants payable are accounted f on an xcruals basis and m &cordaw wh FRS 102 to the extent that, where a constructNe obligation to contsnue payments to existing recipients 15 consided to exi5( as a resutt of a past event, fvll Provisi rs made for the total exFecled future payrnents to be made, discounted lo refièct infta1n. Grants are paid in line with the objects of the Tnjsl whh are to benefrt the children of polb2 officrs (serving and retired) whose parent 55 e((her dead or incapacitated from eaming a living. Recognltlon of Ilabllltles LiabilitEs are recognised when an obl¢gab'on lSe$ to transfer economic benefits as a result of past evenl$. Debtors and creditor¥ rocglvablg I payable wlthln one year Debtor5 and Credito with no staled interest rale and receivable or payable within one year are recorded al transaction prti. Any losses arising fr¢ impaimnt are reeognised in expenditure. 1.10 Current as8•t Inv•stm•nts Funds held on deposit and classified as current asset investments are slated al market value al ffte balance sheet date. Any difference beeen c051 and madiel value is adjusted for through the StaterrEnl of Financial Activities. 1.11 Taxatlon The Charity is exempl from tsx on in¢ome and gains falling within seetions 472489 of the Corporallon Tax Act 2011 or section 252 of the Taxaln of Chargèable Gains Act 1992 to the extsnt that these are applied lo its chartlable objects. 1.12 Key sources of estlrnatlon uncortalnty The key assurnpbons concerning ihe futuie and other key sources ol estimation uncetslnty al the reporting date that have a svjnificant risk of uSIng a rnaterial adiuslmenl to ihe carrylng amounts of asset8 and liabilities within the nèxl firn¢la1 y•ar in¢lude'. Provlslons for luturn grant obllqatlons The charity makes a provision in respect of its cbltyabon to esting grant 1p1$t$ in future periods. The provision is calcuLqled assuming an childn w¢ll conbnue into fijrther education up to the age of 25 and payments will continue at current rates The key assumptions used in cakulating the fequired prOvisn are reviewed annualty artd adjusted where neSary to reflect changes in e¢tsM]c ¢cdi11ns and the rcffjtars of the grdnt recipients. The carrying value of the provision lor future grant paylts 15 detle in note 14 to the finarKial ststements. Income recognldon The financial staterr*nts lUde wue(i Irwme of £44,525 12023.. £68,853) in rnspecl of managemenfs estimate of officers donations pged bul not yet remitted lo the organisalion as at the reporting date. The amount of duo is ¢alc3Jlated based on management's estimate of the number of officer5 donating. The drferer be expected Incon and amounis remitted in the penod are reCOgned a5 accrued incLTh. 22
THE POUCE CHILDREN'S CHARITY Company Number 07822521 NOTES TO FINANCLAL STATEMENTS for the Yeai Ended 31 D8c8mber 2024 Income from donattons and16ga¢les Unrestsicted Endowment funds funds 2024 Total 2023 Total Conations Officets dornatKJns 15.442 477.791 1S.442 4ri.791 13.396 477,962 493.233 493,233 491,358 All income from donations and legacie5 was attributable to unrestricted fvnds In both r8PQrtI'ng periods. I•tMent Incom• Unrestrkted Endowmont nd¥ funds 2024 Total 2023 Total Income from UK listed investrr*nts Bank interest receivab 716,707 49.195 716,707 49,195 718,517 44.131 76S.g)2 765,902 762,647 All Income from invesknents was aitributable to unreStrted fund$ in both repjrting period5. Expendlturn on ral¥lfflg fund• Unrestrict¢d Endowmfjnt tund$ fund¥ 2024 Total 2023 Total Invesltrenl managemortfees 34,347 23,177 57,524 70,190 34.347 23,177 57.524 70,190 Expenditu on raising fvnds was £57,524 {2023'. £70,190) of which £23.17712023". £31,347> was attributable to endowment and £34,347 {2023.' £38,843) was attributsble to Unrestrted funds. 23
THE POLICE CHILDREN'S CHARITY Company Number. 07822521 NOTES TO FINANCIAL STATEMENTS forthe Y8ar Ended 31 December 2024 Expendlture on Charltable activitios Actlvltles undertaken directty Support 2024 Total 2023 Total Grant making- unrestrthd Govemance wsts Inole 61 541.648 302.583 844,231 1.305,965 7,322 6.020 541.648 309,9)5 851,553 1,311,965 l expenditure on charitable activitS wa5 attrTbutable to unrestricted fund5 ill tth repofting per1J5. Grants are pahg lo befil the chiklren of pOle offir518e1vin9 or retired) whose parent 1$ $ither dead or incapacitated from eaming a Iwing. Support costs Include the management charge of £270,IXIO {2023.' £270,000) from Tho Polke Treatrrenl C9nlres Isge te 181 whkh covets Fersonnel and estabtsshment costs. The c0510l charilabk athilies at*)ve refits the Ththement in the assessment of the provislon for future liabilitie5 Isee note 141 whh is rtsell depermlenl on the grnnts made and finarKial circum5tsnces ol the grant teneficiary. Analy•l8 of support costs General support Goveman¢• costs 2024 Totsl 2023 Total Managerr£nt charge- PolKe Treatment Cenlres CoMmunicatn and Infamli0n Technology 0r office exFenses Depreciat)n- cwned a5sels Legal and other professional fees Audile<s wnunerali¢)n Other 270.( 270,000 270.000 3.013 20.e66 3,013 20,666 8.SQ4 1,750 24,385 8,904 7,322 6.020 302,583 7,322 3095 311,059 Net incomellexpenditur•) for the year 2024 2023 Net irMe1{eXPendftuTej is slated after charging: DeprecBtion- owned assets Auditor's remunefab'on 8,9Q4 7,322 8.905 6.020 24
THE POLICE CHILDREN'S CHARrrY Company Number. OT822521 NOTES TO FINANCIAL STATEMENTS for the Year Ended 31 DecembeT 2024 Ernploye8$ 2024 2023 Man>Jemenl charge No emplayees received enThYunRnts of nve than £60.C¥)D in Ihe year {2023.' None). I personnel costs are bome by Ihe Pol Treatt Centres and are iluded in the management charge of £270,000 (2023.. £270,OCQI for the year. The management charge covets establishment costs, legal and profèssional fees, the costs of The Polte Chiklren's Charity 8enefits Review as well as personnel costs. Tru8te•s' emolurnents No Trustees received rerwneralion from the chanty dunNJ the year12023'. None). In additknn, nc Trustees received expenses from th& ¢harity during the year {2023'. None). 10. Tanglbl• Ilx•d amets FSxturns, fltttng$ and equlpment Frnohold land and bulldln98 Total Colt Al 1 January 2024 5.093 445.273 450,368 Addibons 1.088 1,088 Al 310ecember 2024 6.181 445,273 451.454 Depreciation Al 1 January 2024 Charge for the year 5.093 89.053 8.904 94.146 8,904 Al 31 December 2024 5.093 97,957 103.050 Nat book values Al 31 December 2023 356,220 356220 At 31 Dember 2024 1.088 347,318 348A04 25
THE POLICE CHILDREN'S CHARITY Company Number. 07822521 NOTES TO FINANCIAL STATEMENTS for th• Year Ended 31 D¢¢omb•r 2024 11. Fixed asset investments Endowm•nt Unr•strlcted cash hold cash héld as partof as part of Investment investment portlolio portlolio Endowed Unrestrict lisi•d Ibted In¥tments Investmonls Total Valuallon As at 1 January 2024 Manageftnt fees Disiribulions received Intsresl Transfers Wthdrawals EqualisalKJn Rèvaluation 7,173.303 9.346.229 1202,6481 123.1771 1,C68,141 (34,3471 716,707 44.647 17W5,025 {57,5241 716,707 44.647 1500,C((11 (500,0001 634.788 832.228 1,467,016 As al 31 Oecember 21Y24 7,808,091 10,178,457 1225,825) 1,295,148 19.055.871 HtorIe cost al 31 December 2024 S.5.500 7.291.783 {253,9321 1,238,789 13,873.140 AJI inve51ments are hdd in the UK. If a decishln were taken to dispose of unrgstrict•J investrts at a fij date to fvnd charitable expendituie, al adv and ffjgulatory con$ultation be sought to ensure no In$ are held over the assets. Under the terms of the Endcmment ftjnd ihere18 no reStln upon the transfer of income generated. A8 such, any incorne generated by the End11 invesiments are added lo the Un$trted investrnts. 11 Debtor8 2024 2023 PrepayrrEnts and Ued income 121.196 147,440 121.196 147,440 26
THE POLICE CHILOREN'S CHARITY Company Number 07822521 NOTES TO FINANCIAL STATEMENTS f¢y the Year Ended 31 December 2024 13. Creditors: amounts falllng due wlthln one yeir 2024 2023 Trdde Credit¢ys The Police TreatEnt Centres cUrn1 &c(NJnl Accruals and deferred incorr 371 70,871 23.383 151 61,496 66,965 94,625 128,585 14. Provlsfjons lor Ilabilities 2024 2023 At 1 JanLry in ygar Ulilised in the year Chaige for the year 3,836,340 3,632,935 1769,414} 1592,6641 541,648 796,(9 Al 31 December in year 3,588,S74 3.836,340 The wovision relates lo ihe 8t1n to pay exisknng grant reapienls In frJtur¢ periods. The provision Is calculaled assuming all children will continue into fvrther educatK)n up lo the age 0125 and payments will cYJnlinue 81 current rales. The amount of the provisi)n estsmaled lo be payable in one yaar is £789,41412023: £592.664}. 15. Anal1• of net aM•ts botwwn funds Endovmwnl R•strlct•d funds funds Unrestrlctod funds Total fund8 Fund balances al 31 Decernter 2024 as represenled by.. Tangible assets InvesbThnt assets Current assets Current liabililres Long-lerm IiabNits"es 348.404 348,404 11,473,605 19.055.871 498,884 498.884 194,6251 194,6251 {3,588,5741 {3.588,5741 7.582.266 7.582.266 8,637,694 16.219.960 27
THE POLICE CHILDREN'S CHARITY CompanyNumber. 07822521 NOTES TO FINANCIAL STATEMENTS forth• Year End•d 31 Demb•r 2024 16. Unrestricted funds Atl January Incomlng Outgolng GalTrs and 31 Decembgr 2024 resources r•sourc losses 2024 General fijnd 7,432,231 1,259,135 {885,9JO) 832,228 8.637,694 Purposes of unrestrlct•d fund8 The general lund is for the paymenl of grants to orphaned chikjren of polv OffirS and children of officers that have been incapacitated to help with their mainienance whilst in fvll tirrE educats"on. 17. Pomianant Endowmont lund• At1 January Incomlng Outgolng G•ln8 and 31 D•c•Mr 2024 reK•ur¢e8 resourc l(Mses 2024 Investments 0,970,655 123,1781 634.788 7,582,266 Purpose of endowment lunds The endowment fund vras ¢Jonated to ensure Iho ¢hanty h•J SufficnI assets to achieve ils Gharitabl& obj¢¢ts'v¢s. 18. Related party trnn•xtlo The Trust QFfrale¥ from the werntses of The Poli Treatrnent CelltrES. All personnel costs are paid by this charity. A management charge of £270,(KN) 12023.. £270.IY)01 has been charged by The Police Treatment Centres lo the Trust. At 31 December 2024, £70,871 12023.. £61.469) was owed to The PolKe Treatment Centre5 in respect of ib current account wth the TrusL 19. Indemnlty Insurdnce The Charity paid for the insurdnce premiums to indemnfy Tw5tees and senKJf gtaff from any loss arising from negcl or dePduts of Trustees or staff and any consequent k)ss. 28
THE POLICE CHILDREN'S CHARirf Company Plumiw. 07822521 NOTES TO FINANCIAL STATEMENTS for the Year Ended 31 Decernber 2024 RKoncl1la0n ol nel Sn¢ome I (expdIlure) lo no¢ cash flow from operatlng actl¥lti•s 2024 2023 Net incorr* I lexpgnditurel for year 1,817.074 103,336 Depreciallon and impairtr£nl of tangible fixed assets (Gains) I losses on investments Interest and dwidends received Inuease I Idecreasel in provisions (net of payrrEntsl Decrease I lincreasel In debtors Increase I Idecreasel in creditors 8,904 {1,467,0161 1766,990) 247,766) 26,244 33,960 8,905 1231,4171 1762,8471 203,406 {13,0961 54,253 Nol cash out1 from operats.ng actNibes 663,510 637.2SO 21. Anal1$ of cuh and ca•h fjqufvalents 2D24 2023 Cash al bank and in hand Cash held in Investment portftjlio (note 111 377.688 1.069,323 479,126 Nel cash 1A47.011 1,344,619 22. Fln•ncl•l Instrum•nts The caryirrfJ arnunts of Charity's finarKBI itruts are as follow5.' 2024 2023 Hn8n¢l8lassets Measured at fair value through net irthme Iexrendrtu. - Fsxed asset listed investments (note 111 19,055,871 17,385,025 29
THE POUCE CHILDREN'S CHARITY Company Number. 07822521 NOTES TO FINANCIAL STATEMENTS for the Year End8d 310•c)bar 2024 22. Fina181 Instruments Icontinuedl The incorrE, expenses. nel gains and net losses attributable the charity's financial instruments are summarised as follows". 2024 2023 Income and expense Financial assets measured at fair value Ihrough net income I expenditure 718,517 Netgalns andloss•s (Includlng ch0n$ In lalr value) Financial assets measured al Trdir value through net Income I expenditure 1 h67,016 231.506 30
The Police Children's Charity Providing a helping hand if the unlmaglnable happens The Pollce Chlldren's Charlty St Andr9ws Hartow Road, H8rrog819, North Yorkshlie HG2 OAD TaL 01423 504448 Em811: gnqulrlgsolpolchItdronscharlty.0rg lundralslno@Ihep)Ilcechlldrenscharlty.oig @Fdlcechlkjrens Web8ite.www.IhepJicechiidrenschaiTty.g ReuSslw•d ChorftyNfy 11474450SCR ReL49trXi ScO13852 CoMnyNa07822527 31