Registered number: 09922205 Charlty number.. 1168427 POLICE NOW (A Company Limited by Guarantee} TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
POLICE NOW IA Company Limited by Guarantgel CONTENTS Page Reference and Administratlve Detalls of the Charity, Its Trustees and Advlsers Trustees. Report 2-12 Independent Audltors. Report 13-15 Consolldated Statement of Flnanclal Activities 16 Consolldated Statement of Financlal Posltlon 17 Company Statement of Financlal Posltlon 18 Consolidated Statement of Cash Flows Notes to the Flnanclal Statements 20-30
POLICE NOW IA Company Llmited by Guarante91 REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023 Trustegs Sir I C Powell REBAffli¢k H E Ball QPM J E Bowler CB J C Clegg DLCFry L H Rolfe R M Rolhenberg MBE Iresi9ned 31 Mar¢h 20231 J B Tilley (resigned 18 August 20221 JYYTsim L K Tyrell-moore (appointed 10 May 2022. rosigned 17 August 20231 Lord S A Woolley of WoDdford CBE M I Cooper (appointed 17 August 2023) C H Kinsella lappoinled 1 July 20231 A J Tanner lappoinled 17 August 20231 Reference and admlnistratlve detalls Name., Poli Now Charity number.. 1168427 Company number.. 09922205 Name.. Police Now Enterprises Limited Company number". 09922465 Reglstered offlce 203 Blackfriars Road, London, United Kingdom, SE1 8NJ Bankers Barclays Bank PLC, 93-97 Queensway, London, W2 4QG Sollcltors Mills & Reeves LLP. Botsnic House. 100 Hllls Road, Cambridge. CB2 IPH Audltor Haysmacinlyre LLP, 10 Queen Street Place, London, EC4R 1AG
POLICE NOW IA company limlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 The Trustees, who are also Directors for the purpose of Company Law, present their annual report together wth the audited financial statements for th6 year ended 31 March 2023. The Trustees confirrn that the Annual Report and financial slalemenls of the company comply with th& current slalulory requirements, the requirements of the company's governing document and the provisions of the Slalemenl of Recornmended Practice ISORP, 2nd edilionl, applicable lo ¢harili&s preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repuhli¢ of Ireland IFRS 1021 leffeclive 1 January 20191. OBJECTIVES AND ACTIVITIES Police Nows mission is lo transform communities, reduce crime and anti-social behaviour, and increase the public's confidence in the police service by re¢ruiling, developing and inspiring oulslanding and diverse leaders in society and on the policing frontline. This aligns with the original governing documents of the charity1 In addition. Police Now is the sole shareholder of Police Now Enterprises Limited, a trading subsidiary and company limited by guarantee. Police Now was created by those who believe that there is value for the police service and the communities that policlng serves lo recruiting. training. and developing poli¢e officers in ways that differ from traditional approaches. With the support of the Melropolilan Police Service, The Mayorfs Office for Poli¢ing and Crime, the Home Office and London First (now BusinessLDNI. a small number of conslables, sergeants, and inspectors created Police Now within the Melropolilan Police. The first cohort of sixly-nine programme participants joined Police Now's National Graduate Leadership Development Programme started in July 2015 in London. In 2016, Police Now became an independent organisalion and charity. In 2019 Police Now launched the National Detective Programme and in 2021 12unched the Frontline Leadership Programme. Between 2019 and 2023. Police Now played a key role in the delivery of His Majesty's Government's Police Uplift Programme. During the 2022123 year, 148 participants joined the eighth cohort of the National Graduate Leadership Programme, and 227 participants joined the fourth cohort of the National Detective Programme. By 31 March 2023, Ihirty-five of the police forces in England and Wales had partnered with Police Now lo recruit and develop over 2,500 police officers across England and Wales, around 580kn of whom told us they would not have considered a policing career bul for Police Now Police Now slrSves lo achieve ils objectives by.. Recruiting brilliant people with intelligence, integrity, emotional intelligence. and gril al the highest possible diveisily. Equipping them with excellent core policing skills lo build credibility with colleagues and the public. Providing a foundation in leadership with and wilhoul rank. Arfnouring them against cynicism through the Code of Ethics, organisalional justice. procedural justice, reflective practice, critical analysis, resilience, wellbeing and gril, and evidence-based policing and problem solving. Posting them lo forces and communities that need them most. Through these core mission activities and strategic enablers, Police Now aims lo achieve a sustained, long-lerm reduction in crime and anti-social behaviour and a suslaineLI, long-lerm increase in the public's confidence in policing. This will ultimately ensure a safe environment where everyone, including the most vulnerable in a society. has a chance lo thrive. Police Now clearly fils within Ihg definitions in the Charity Commission's guidance on public benefi'13 1 Poli¢• Now Artl¢lES of As¥ocK?lion 3 1 The obie¢t ol Ihe Charily is lo pT0le ihB 9[renry lh8 PoNct, In partlcth&r by ihe operÉbon ol a recwlimènl and traIn0 programmelo re1¢ a hlgh callbre of prlke ofFicwrs to p1¢? lorcos 8¢1055 the Ulliled Kingdom. kMEasvred irya partl¢ip8nl ¢XPErien SurveyslorNDP cohort 4-Wereyou pLgnning IoiDln Ihp PD¢* bef You h64F4 abDuI Pdice No 3 The puiposa 1s-benefi¢lBI. in a WEylhai Is ideniiflable and ¢£pabl8 ol being provad by danc&where rt$8 benefils-lhe pyt41¢ in 98ne151. OF a s[fi9l secjlon oflhe gIn0 persond benefrt tstcguslng detriment or ham.
POLICE NOW (A company limlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES lcontinuedl Over the ¢OUTse of the year, Police Now has engaged in several activities lo achieve ils staled aims and objectives, specifically.. Secured funding agreements to contribute lo the Police Uplift Programme during 2022123. Secured funding agreements to continue lo offer the leadership and promotion programme focused on existing conslables.. The Frontline Leadership Programme. Recruited and commenced training for 400 participants across the National Graduate Leadershlp Programme and the National Detective Programme. Achieved or maintained Ihree-year contracts with Ihr&e of the biggest six forces in England and Wales. Made progress on Black, Asian and Minority Ethnic representation within PNHQ staff and across our programme participants through a diversity-first campaign. alongside the develDpmenl of our focused diversity strategy incorporating a performance focused regime {including external challenge & support)., and Published our latest Impact Report which included a digital version. Grant-makin Police Now does not engage in granl-maklng activily. Volunteers The Trustees are all unpaid volunteers who provide their lime. expertise, and judgement without payment, and Police Now is enormously grateful for their conlribulion. In addition, Police Now has beneliled from several pro bono contributions, typically provided on a voluntary basis. Apart from the Board, the day-lo-day operation of Police Now is not reliant on volunteers to function and is predominantly run by paid professional staff. Fundraisin 11 is critlcally important that Police Now continues lo be innovative and agile in bringing new programmes and responding lo the needs of policing. As such. Police Now does not actively pursue a strategy of fundraising from corporate, individual Dr foundations. The primary source of funding is from fees received from Police Forces foi programme participants and grant income from tho Home Off1ce. Police Now does not fundraise from members ofthe public and has no short-term ambition to do so. Any changes in this strategy must be approved by Police Now's Board lo ensure ongoing alignment with recognised standards. avoid complaints and protecl the public including vulnerable people from unreasonably intrusive or persistent fundTai5ing approaches and undue pressures lo donate. To dale Police Now has received no fundraising complaints.
POLICE NOW IA company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE Over the past year, Police Now made significant progress against key aims.. Impact on ¢rlme and antl-social behavlour Police Now holds every parlicipanl lo account on behalf of the communities they serve, assessing them regularly on the impact Ih6y are making, Despite the challenge5 of doing so, Police Now also analyses data on crime, antisocial behaviour, and public confidence in the communities where participants are posted. working in partnership with independent academic experts. Police Now produces an impact report lo demonslrale measurable impact lo forces. the Home Office and the public. This can be viewed lJ2te. Participants are tackling a range of issues in the communities they serve, with a focus on ASB. crime prevention, partnership working and young people. Independently peer reviewed analysis of Police recorded crime data for England and Wales suggests a 14% reduction in anti-social behaviour in the ¢omrnunilies where Police Now's participants were posted between 2018 and 2020, compared lo a 1 OA in¢rease in the communities wilhoul a Police Now participant. Extend Police Now Into more deprived and vulnerable communities Police Now has placed officers in 35 police for¢es across England and Wales since 2015, creating a national network of over 2,500 pc>li¢e officers. Analysis of the Indices of Multiple Deprivation IIMDI data shows Police Now participants typically work in more deprived communities, characlerised by higher crime and anti-social behaviour IASBI. The median deprivation score (based on the IMDI4 for communities where a Police Now participant has been posted is 26.1. compared lo 18 for non-Police Now areas Ilhe higher the score, the more deprived the area isl. To support the national Police Uplift Programme {PUP), Police Now has focused on increasing rectuilmenl and training Capacity. Increase the level of diversity within policing Police Now inspire and reciuil high-achieving graduates from socially diverse backgrounds who plac& strong value on the importan¢e of div&rsily and inclusion in the workplace, increasing policing's ability lo tackle racism, sexism, bias, or discrimination wherever il is found. Of those who started the National Gradijale Leadership Programme in 2022 530/0 identified as female, 180A identified as ethnic minorities (compared with 14% ethnic tninorilies representing the national population and 100/0 of national Police joiners l. Some 25°A previously qualified for free school meals (compared lo 15°A ol the population 78 Of those who started the National Detective Progiamme in 2023. 74% identified as female, 11 OA identified as ethnic minDrilies160010 of whom were female). 20% previously qualified for free s¢hool meals. We have fDuncl that some online assessments. such as psychometric lesls. can Cause adverse impact, particularly on ethnic minority candidates. We have worked with assessment consultants lo develop a blended assessment approach which minimizes adverse impact potential whilst allowing ID appropriately assess candidates. Police Now participants maintain a slrc>ng belief in the value of diversity and inclusion in the workplace. Illuslraling this. 81 % of participants disagreed that slereolypes about groups were usually true. This compares lo 410/0 for a sample of other police officers conducted by YouGov . 'ThÉ IMDislhÈ moEsUrÈ&llVgdtynva1lOn r¥Il STrÈ1rntyPP¥ 0tdèwvdlon4féconlÉ1TrI1nd0 ofMullil DoprwadM2015, nDmÈnI, ¢C8110?4l1h.¢rtm, TS&eCrrd1OrornlhBQVerhieU5LW801 mullidothÉ11 d BndWs1os2D1 1 Cens 'Poli¢ewoittB, 31 2o206fc0•thv, 'In JBnu¥y2019. 154% tsfpll plSIn¥5IThEfjglThJfè0lllblBtOrwdCPa1M1r4tsPschDml Soa N1p¥lh.0.UwmS11c918Swb.ar.lrIr- cha[a¢1B9Ilcsi&aY-2Ql9 'M£H5ured Vlaartle4UrWÉY BithOor1h&2o22FD&E4NQwAFnwIfft=148>. hl0réd¢*ilson2w&)Y 1
POLICE NOW IA company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENTS AND PERFORMANCE {continuedl Developing leaders to transfomi communltles Feodback from participants. line managers and colleagues shows that Police Now participants are strong communicators and prDblem-solv&rs, challenging historic ways of working, building positive relationship with others, and la¢kling issues using evidence-based method5. 94DA of line managers and colleagues agreed that Police Now participants demonstrate good public engagement and relationships with members of the community., 930h agreed that parti¢ipants demonslrale good idenlificalion and definition of problem5 in the community and forces and 90% agreed that they Can effectively use the evidence base lo develop and implement response plans lo problems idenlifiedlo Independent research suggests that those entering the police 5eNice through Police Now score higher than a comparable group of professionals on several key dimensions of emotional intelligence, including conscientiousness, empathy, and emotional control. These are essential skills for effective leadership. managing wellbeing in complex environments, translating new ideas into action and helping policing meet current and future ¢hallenges. Police Now participants are overwhelmingly 811gned with the principles of piocedural justice policing with an average agreement of 970h across relevant metrics (voice, neutrality. dignity and respect). Contribute to the natlonal demand for detective resllience Police Now has developed a national detective entry programme in response to demand from policing and a well- publicised national shortage of investigators, recruiting and developing over 700 deleclives lo date. 75th of our fourth cohort of National Detective Programme participants passed the National Investigators, Exam al the first allempl, 15°/o higher than the national average (June, 2023). Expand ourprofessional development opportunities at sergeant rank Our academies provide a Iransformalion and leadership experience for seconded officer5 (Stream Managers and Syndicate Leads) who now complete a more in-depth and robust training programme before the academy to prepare them effectively for their roles. We encourage Police Now alumni lo apply for these roles as well as non- Police Now alumni. Our Connection for Life offeT has been developed lo support Police Now alumni and ambassadors at constable and sergeant ranks lo progress lo Sergeant or Inspector ranks. particularly through promotion support and Fast Track support. Develop the Police Now programme within tho new Policlng Education Qualifications Framework (PEQF) Police NOW5 programmes have been validated by the College of Policing and are now underpinned by the new Policing Education Qualifications Framework IPEQF) Degree Holder Entry Programme IDHEPI curriculum and programme specification. Police Now has partnered with Liverpool John Mtsores University lo co-deliver and accredit the ¢ourse and award the Graduate Diploma in Professional Policing Pra¢lice. This means th81 Police Now participants will receive a formal degree level qualification in recognition of completing our programmes and achievlng lull operational competence in their for¢e. ' IA£DAndG4rnbl1(2o21) E¥aOnPlc8 NW3NAMnaGr4duaié LeEdFr%hipProgtwttmglCokn171 ' MÈasured 5vcoM4Éd alltrrt N10Th31 Del*¥&pmbAcad0t041-227)
POLICE NOW {A company limited by guarantgel TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Income Over the last financial year, Police Now has generated income from two sources- £5,611,28012022'. £6.265,8981 from police force partners and £7,000,00012022.' £7,000.0001 from the Home Office. Ex endilure Our expenditure for the last year of £12.630,88912022'. £11,781,302) divides into £12,630,88912022'. £11,781,302) on ¢harilable activities and £Nil 12022.. £Nill on raising funds. The £12,630,889 was conslilLJled by £4,634,044 {2022.- £4,724.5821 on programme recruilmenl and the remaining £7,996,8745 {2022.' £7,056.7201 was spent on programme training and leadership development. In this period, £5,901,80812022'. £6,554,558) was spent on staff costs (salaries, social sectjrily, pension costs of all full-lime and temporary s12ffj. Poli¢e Now has enrolled staff in a defined contribution pension scheme and there is no material pension li2bilily asso¢ialed wth this scheme. Risks Risk is an inevitable part of ch8rilable activity and Police Now is commilled lo managing risk effectively lo ensure il achieves ils objectives and safeguards charitable funds and assets. As Such, a Board-approved risk management policy has been established, covering risk idenlificalion, assessment. management. and monitoring, as well as business contingency planning. The risk idenlifi¢alion process is led by the Senior Leadership Team ISLTI and reviewed regulady by the Board. The SLT considers Police Now's objectives, mission, slralegy.. the nature and scale of poli Now's aclivilies. external factors that might impact Police Now., financial slabilily., the charity's reputation with partners and stakeholders,. past challenges, difficulties. and problems the charity has faced,. Police Now's operating model,. risk management frameworks and taxonomies used in other organisalions. 11 is acknowledgeLI that although the risk idenlificalion process is thorough and robust, the oulpul contains some subjective judgements. The process provides reasonable assurance and helps inform contingency planning based on the best available information al the lime. Based on the18lesl risk register, the following six risks have been identified, based on severity, for regular SLT and Board attention.. Failure lo secure future demand from police forces- Customer, Impact and Futures Committee membership has been renewed lo increase appropriate force representation lo support Its beller understand customers. Face lo face engagement is maintained as much as is needed lo build relationships with forces. including investment of CEO lime lo build and strengthen senior force relationships. Police Now continues lo pursue mulli-year ¢onlracls to reduce risk of annual volume fluclualions. Failure lo secure sufficient candidate numbers lo meet force demand- Intervention approaches being investigated lo miligale the risk of higher atlrilion rates across all graduate employers. Police Now continues lo invest in impaclful employer brand activities such as Times Top 100 Graduate Employers. Force contracts incorporate defined ranges lo allow flexibility around the number of actual recruits. Force partnerslcandidales not meeting pre-employmenl check timelines Mapped out timelines for all pre- employment and onboarding activities ready now for rolling recruitment lo give more lime for forces ID prepare. Actions in place al a force level lo ascertain the sign-off of ea¢h check at the appropriate point, with close collaboration between Police Now and the forces.
POLICE NOW IA Company Ilmlted by guarante81 TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 FINANCIAL REVIEW Icontlnuedl Overload of existing Director team bandwidth with new projects Significant investment in head of department grade across COO, PHA and Programmes lo bolster senior leadership underneath the Directors and to share responsibilities. Implementation of new structure of the Programmes Directorate completed lo move towards more sustainable structure for mulllple programmes. A change of government or other changes lo the policing sector undermines or reduces the effectiveness of Police Now's delivery model- Police Now continue to enjoy a positive and professional relationship with the Home Office and key policing stakeholders. A participant is charged with misconduct whllsl they are on the Police Now Programme- Police Now has completed a full safeguarding audit across the Progiamme from recruitment to graduation and has implemented the recommendations. A particular focus for our development of the programmes is academy culture and reporting. Extensive wellbeing and mental health SUPPDrt measures are in plac& for participants. Reserves As of 31 March 2023, Police Now had consolidated funds of £10,807,98312022'. £10,824,143) of which £38,373 {2022'. £22,060) of funds can only be realised by disposing of tangible fixed assets. No funds were restricted or designated. The Trustees review the reserve policy annually and the level of reservos are reviewed quarterly as part of regular rinancial reporting. The level of reserves musl be sufficient lo deliver the full programmelsl and associated activities committed lo across a number of financial years. This is measured by a wind-down model which is prepared in conjunction with the annual Budget and any subsequent reforecasl. In addition lo this, a provision. of an amount agreed by the Board of Trustees lor relevant delegated subcommitleel, will be maintained lo cover unforeseen day-to-day operational costs, responding lo known and unforeseen risks, cost inflation, asset replacement ¢osls. costs arising from legal action, force non- payment, slralegically impactful OPPDrtunities. The target level of reserves required is £9.1 m. The reserves a131 St March 2023 are above this level at £10.8m whi¢h the Board deem adequate but not excessive. Goin concern The Trustees reviewed Police Now's accounts in August 2023, as part of their regular assessment. as well as ils principal risks financial and otherwise. At that lime, they were satisfied that there is no material uncertainty that would cast doubl on the charity's ability lo continue as a going concern. Police Now has sufficient resources lo ¢onlinue operating for the foreseeable future and accounts have been prepared in the knowledge that Police Now is a financially viable organisalion. The effect of un¢ertainlies including force demand, government funding and cost Changes has been assessed by the Trustèes. Reviewing Police Now's ongoing activity, its forecasts. and risks lo ensure the organisalion remains financially viable. With regards ID the next 12 months. the most Significant area to be monitored closely by the directors is securing government funding for 2024125. Contracts with police forces for 2024 NGLP programme are already confirmed. The Trustees will Continue lo monitor this closely. As Police Now reiVeS Home Office funding and Police Force Fees in advance of programme delivery, Police Now has sufficient reserves to deliver conlra¢lual obligations and the Trustees therefore conclude there is no material uncertainty lo going concern. An updated financial forecast was prepared In July 2023 to assess the impact of changes in force demand. The Trustees have a reasonable expectation that Police Now has adequate resources lo Continue in operational existence for the foreseeable future. The entity therefore continues lo adopt the going concern basis in preparing ils fi'nancial slalements.
POLICE NOW {A company Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 PLANS FOR THE FUTURE PERIODS During 2022123, the police re¢ruilmenl and training market within which Police Now operates has experienced significant change and a number of key events, including111 the third year of the government's Ihree-year Police Uplift Programme, which came lo an end in 2022123.. and121 significant negative media attention and public oul¢ry relating lo incidences indicating issues of misogyny, sexism and racism within the sector. The release of the 8aroness Casey ieport fuelled a tumultuous period for policing, globally and nationally. Furthermore, the UK government and many organisalions have been impacted by the Russian-ukraine war, which commenced in February 2022, impacting not only political and civil service work bul also global supply chains and inllalion. The impact of the war in Ukraine is ongoing. 11 has contributed ID rising energy bills and th& cosl-of-living squeeze. which may impact candidates applying to policing al entry level due lo the salary levels offered in the sector. 11 may also impact government funding levels for granl-receiving organisalions such as Police Now,. we have monthly meetings with the Home Office to monitor and report on grant a¢livily. Police Now has experienced increased demand for Police Now's programmes due to the Police Uplift Programme. However, the lolal volume ol recruilmenl of new officers into police officers is likely lo reduce lo more normal levels in 2023124, after the uplift period. Police Now therefore intends lo recruit and train -300-400 new officers per year from 2023124 onwards as well as develop-200 officers on the FrDnlline Leadership Programme. subject lo continued funding. For Police Now lo thrive within this shifting marketplace il is essential that we sel out clearly lo the police service. our police force customers, and wider stakeholders the unique benefits which Police Now Can provide. 11 is oui belief. based on our experience operating within this marketplace over the last nine years and based upon a wide range of feedback we have obtained mor& recently. that our response ID the shifting marketplace musl be on Police Now delivering lo Policing a rgnewed focus on ils strategy of quality and differentiation as the key means of achieving Police Now's mission. The significant negative media allenlion on policing and related incidences, appears lo be correlated lo the candidate pipelines and allrilion rates of ¢andidales for the Police Now recruilmenl programmes within the graduate and career- changer markets. Police Now therefore intends lo increase ils candidate pipelines and invest significantly in positive action throughout the pipeline in order to miligale this risk. parti¢ularfy with candidates from underrepresented groups. Police Now delivers three core programrnes Its the police setvice.. the National Graduate Leadership Programme, the National Detective Programme, and the Frontline Leadership Programme. In addition, Police Now delivers a Connection lor Life strategy which aims lo connect participants 2nd alumni lo Poli¢e Now and our mission for a lifetime. Building on Police Now's achievements of this year and hisloric211y, Police Now has sel out in 2023124 and b6yond lo.. Focus on quallty and dlfferentlation 11 Is Dnly by delivering on both quality and differenlialion that Police Now can be successful within this changing marketplace. In terms of Quality.. In order to support poll¢ing lo become represenlalive of the communities il serves, and lo develop stronger leaders with the ski115 required lo tackle current and future challenges in policing, Police Now musl identify the most diverse and the highest calibre of individuals lo join the police service, Given the changing marketplace and given poli¢e forces are able lo lun their own Degree Holder Entry Programmes, il is essential that the quality of the programmes we run are of the highest possible standards, including world-class residential training academies and impacllul coaching and events. In terms of Differenlialion.. Police Now will identify individuals who would not otherwise have joined the police setvice. Policing requires leaders from a diverse range of backgrounds and expeiiences, who are talented and keen lo be part of positive change. This means identifying soughl-after graduates and career changers who often lake on career paths other than policing, for example in consulting, the law, banking. or politics. 11 also means allracling those from a diverse range of backgrounds in terms of gender and ethTricily as well as supporting social mobility.
POLICE NOW IA company Ilmited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 PLANS FOR THE FUTURE PERIODS Icontlnuedl The programmes themselves musl be differenlialed from what policing is able lo deliver itself, in order to develop Police Now officers lo be exceptional future leaders. This includ&s particular allenlion and focus on Procedural and organisalional justice, research and eviden¢ed-based problem solving, long- term problem solving, communication and empathy, the wider policing and political landscape, and diversity and inclusion in the cont6xI of policing and community Irusl. Police Now also offers a secondtnenl programme for some participants, to be exposed to and learn from different sectors. Programmes designed around Impact in communities andpoliclng Core lo Police Now's National Graduate Leadership and National Detective Programmes are that we hold our participants lo account on behalf of their communities for reducing crime, reducing anti-social behaviour, and increasing the PLJblic's confidence in poli¢in9. The link between Police Now participants, the programmes and their communities has been strengthened, following some of the weaknesses found through the implemenlalion of the PEQF. Police Now's Impact & Insights team will be focused on impact analysis of our participat)Is and programmes in their local communities and on 8 national level. Continue to contrlbute to improving the dlversity of those In loadership roles in pollcing Police Now is the markel-leader in bringing into policing those who might not otherwise have considered a policing career, especially those who identify as women and those who identify as an ethnic minority. This is demonstrated by our published data and by the diversity of our cohorts in terms of gender and ethnicity. Police Now also happens lo reciuil a high level of those who identify as LGBTQ+, as demonslTaled through our most recent ninth cohort of the National Graduate Leadership Pro9ramme1190h identify as LGBTQ+l, and high levels of those who grew up in low-income households. Police Now will continue lo draw on our successes lo dale in this area, as well as continuing to share with the police service how we have been able lo deliver these achievements. To make a further contribution to improving diversity within policing leadership Poli¢e Now will continue lo develop both our existing Core programmes and our Home Office funded Frontline Leadership Programme, which has been broadened lo officers beyond Police Now alumni.
POLICE NOW IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Police Now has operated independently since December 2015, having previously been incubated wllhin the HR department of the Melropolilan Police Service. Police Now held ils first Board of Trustees, meeting in December 2015 with a nominated Chair and four Trustees. In July 2016 Police Now received charitable slalus and established a trading subsidiary and company limited by guarantee, Ptslice Now Enterprises Limited, in which it is sole shareholder. Police Now does not have shared capital or exlemal sharehold&r and is held lo account by a nominated Board ofTruslees Ilhe 'Board'l who are not remunerated. As part of the governing slruclure, members of the Board for Police Now are both Trustees for the organisalion and are registered on Companies House as Directors. Al 315t March 2023 Police Now had ten appointed Trustees. In addition lo being responsible for the future strategy of Police Now, members of the company are liable lo contribute a sum not exceeding £1 in the event of the charity being disbanded13 Police Now has made active efforts lo ensure ils Bo8rd incorporate a wide range of relevant skills and experience lo govem the future strategy of the organisation. Police Now also has al least one selected cohort ambassador engaged as a TrLJslee for a one-year period. This ensures the Board remains linked into the programme and that the voices and experiences of participants are al the heart of all decision-m2king. Upon official appoinlmenl, Trustees are required lo complete a variety of incorporation documents including a background check, adding details ID Companies House and the Charity Commission, and documenting their personal details. Where required, Trustees also undergo training as part of their induction, and training requirement needs are conlinuecs lo be assessed throughout their term. All Trustees musl declare any conflicts of interest lo Police Now which will be noted accordingly. Each Trustee also meets existing Board members, including the Chair, and with the Chief Executive Officer ICEOI before joining the Board. and are educated on Police Nows mission, aclivilies. and performance. The Board has delegated responsibility for certain specific matters to three Board-level committees.. Financa, Audit, Risk and Resour¢e CDmmillee'. with responsibilities including approving proposed annual budgets remuneration. policy approval, appropriate resources, the accuracy and fairness of the audit and appointment of external auditors, risk management and details of any open leg81 issues. Customer Insight, Futures and Impa¢l Commillee.. with responsibilities including programme development, working with police forces, impact evaluation and considering new opportunities for impact. Diversity and Inclusion Commillee.. To ensure that diversity and inclusion is a key priority across all activity so that we are supporting pc>li¢ing by allracting, developing and retaining the most diverse and talented groups, enabling us to achieve our mission of transforming communities. The group will promote, champion, and encourage diversity, inclusion and equalily in the workpla¢e and will monitor the key areas of performance. using data, experience and innovation. In accDrdance with ils Articles of Association, Police Now is permilled lo delegate th& day-Io-Llay management of the Charity lo a Chief Executive or other manager or managers by implementing the policy and strategy adopted by and within a budget approved by the Trtjstees lif applicable) For Poli¢e Now the power is delegated lo the CEO who assembles a Senlor Leadership Team ISLTI of diverse and experienc6d professionals lo ensure the effective and efficient running of the organisalion. The CEO and SLT, alongside the Trustees are considered lo be the key management personnel of the organisalion. 'Pollce P&1leSlI$ottIaO. Itém 2'lIlly.tt0d 14"Jl201e "PollNwId&0I Assodatitin, it24.É1e98.0rfed *4 JlY2016 10
POLICE NOW IA company Ilmited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Icontinugdl The CEO is held accountable al a quarterly Board meeting and regular committee meetings lat least quarterfyl where key updates on strategy, budget. policy, recruitment and programme delivery are provided. The Board receive confidential papers in preparation of these meetings. Full minutes are taken al each Board meeting. To ensure dele9aled authorities from the Board are monitored and appropriately adhered lo by the CEO and SLT, Police Now has developed a variety of policies relating lo finance, operations and human resources which govern the daily running of the organisalion," these have been approved by the Board or Board Committees with dele9aled responsibilities. These policies Clearly establish decisions that are delegated lo the CEO and SLT and those decisions that are retained by the Board, for example the slralegi¢ direction ol the organisalion, approval of all expenditure exceeding £150,000 and annual departmental and organisalional budgets. Trustees of Police Now receive no remuneration for their professional input into the organisalion, however. may be enlilled to expenses whero appropiiate. Those holding a Diieclor role as Police Now staff receive their annual salary. a 8Q/o employer pension Contribution and private medical insurance. These benefits are in common with other erllployees al different grades and were benchmarked against similar charities to ensure ¢ompelitiveness, fairness, and responsible expenditure of ¢harilabl& funds. The CEO approves all salaries within the organisalion, while the CEO salary and overall remuneration pool is approved by the Board. TRUSTEES. RESPONSIBILITIES STATEMENT The Trusle&s (who are also directors of Pollce Now for the purposes of company law} are responsible for preparing the Trustees. Report and the financial slalemenls in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Aepted Accounting Praclicel. Company law requires the TTUStees to prepare financial slalemenls for each financial year. Under company law the Tiuslees must not approve the financial stslements unless they are satisfied that they give a true and fair view of the slate of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, Df the charitable group for that period. In preparing these financi81 slatemenls, the Trustees are required to.. select suitable accounting policies and then apply them consislenlly., observe the methods and principles in the Charities SORP., make judgments 8nd accounting eslimales that are reasonable and prudent., and prepare the financial statements on the going concern basis unless il is inappropriate lo presume that the charitable group will continLJe in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company and the grDUP'S transactions and disclose with reasonable 8¢curacy al any lime the financial position of the charitable group and enable them lo ensure that the financial slalements comply with the Companies Act 2006. They ar& also responsible foi safeguarding the assets of the charitable company and the group and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities.
POLICE NOW IA company limlled by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 DISCLOSURE OF INFORMATION TO AUDITOR Each of the persons who are Trustees al the lime when this Trustees. Report is approved has confimied Ihal.. so far as that Trustee is aware, there is no relevant audit infomialion of which the charitable group's auditors are unaware, and that Trustee has taken all the steps that ought lo have been taken as a Trustee in order lo be aware of any relevant audit information and lo establish that the ¢harilable group's auditors are aware of that information. In approving the Trustees, Report, the Trustees are also approving the Directors, Report in their capacity as company directors. SMALL COMPANIES NOTE In preparing this report, the Trustees have taken advantage of the small companies, exemptions provided by section 415A of the Companies Act 2006. The Iruslees report including the strategic report was approved by the Trustees on 14 November 2023 their behalf by.. and signed on Sir lan Powell Trustee Dominic Fry Trustee 12
POLICE NOW IA company Ilmltad by guaranteg? INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW Oplnlon We have audited the financial slalemenls of Police Now for the year ended 31 March 2023 which cotllprise the Consolidated Statement of Financial Aclivilies. the Consolidated and Company Statement of Financial Position, the Gonsolidaled Slalemenl of Cash Flows and notes lo the financial stalemenls, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Praclicel. In our opinion, the financial slalemenls.. give a true and fair view of the slate of the group's and of the parent charitable company's affairs as at 31 March 2023 and of the group's and parent charitable company's net movement in funds. including the income and expenditure. for Ihe year then ended., have been properly prepared in accordance with United Kingdom Generally Accepted Accounlino Practice; and have been prepared in accordance with the requirements of the Companies Act 2006. Basls for opinlon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilities under those standards are further des¢Tibed in the Auditor's responsibilities for the audit of the financial slalemenls section of our report. We are independttnl of the group in 8¢cordance with the ethical requirements that are relevant lo our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have ftjlfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtsined is sufficient and appropriate lo provide a basis for our opinion. Concluslons relating to golng concern In auditing the financial slalements, we have concluded that the Iruslees, use of the going concern basis of accounting in the preparation of the financial slalements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating lo events or conditions that, individually or collectively. may cast signili¢anl doubl on the group's ability lo continue as a going concern for a period of at least twelve months from when the financial slalemenls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respect lo going concern are described in the relevant seclions of this report. Other Information The trustees are respc>nsible for the other information. The other information compiises the information included in the Trustees, Annua5 Report. Our opinion on the financial slalemenls does not cover the other information and, except to the exlenl otherwise explicitly stated in our report, we do not express any form of assurance conclusion Ihereon. In connection with our audit of the financial slalemenls, our responsibility is lo read the other Inforrnalion and, in doing so consider whether the other information is materially inconsistent with the financial statements or our knoedge obtained in the audit or otherwise appears lo be materially misslaled. If we identify such material inconsistencies or apparent material misslatemenls, we are required lo determine whether there is a material misslatemenl in the financial statements or a material misslalemenl of the other information. If, based on the work we have performed, we Conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing lo report in thi5 regard. Oplnlons on other matters prescrlbed by the Companies Act 2006 In our opinion, based on the work undertaken in the Course of the audit.. the information given in the Trustees, Annual Report (which includes the strategic report and the directors, report prepared for the purposes of company law} for the financial year for which the financial slalements are prepared is consislenl with the financial slalerNenls', and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared in a¢cordance with applicable legal requirements. 13
POLICE NOW {A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW Matters on whlch we are roqulred to report by exceptlon In the light of the knowledge and understanding of the group and the parent charitable company and ils environment obtained in the course of the audit, we have not identified material misslalements in the Trustees, Annual Report {which incorporates the strategic report and the directors, reporti. We have nothing lo report in respect of the following matters in relation to which the Companies Act 2006 requires us lo report lo you if, in our opinion.. adequate accounting records have not been kept by the parent charitable company., or the parent charitable cornpany financial slalements are not in agreement with the a¢¢ounling records and returns., or certain disclosures of Iruslees, remuneration specified by law are not Made.. or we have not received all the information and explanations we require for our audit Responslbllities of trustees for the flnancial ststements As explained more fully in the Iruslees, responsibilities statement sel out on page 11, the Iruslees (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial slalemenls and for being satisfi'ed that they give a true and fair view. and for such internal control as the Iruslees determine is necessary lo enable the preparation of financial slalemenls that are free from material misstalemenl, whether due lo fraud or error. In preparing the finan¢ial slalemenls, the trustees are responsible for assessing the group's and the parent charitable company's ability lo ntinUe as a going concern, disclosing, as applicable, mallers related lo going concern and using the going concern basis of accounting unless th& Iruslees either intend lo liquidate the group or the parent charitable company or lo cease operations. or have no realistic allernalive bul lo do so. Audltorfs responsibilities for the audlt of the financlal statements Our objectives are lo obtain reasonable assurance about whether the financial slalemenls as a whole are free from material misstalemenl, whether due lo fraud or error, and to issue an auditor's report that indudes our opinion. Reasonable assurance is a high level of assurance. bul is nol a guarantee that an audit conducted in a¢¢ordance wlh ISAS IUKI will always delect a material misslalemenl when il exists. Misslalements can arise from fraud or error and ar& considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of Ljsers taken on the basis of these financial stalemenls. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in Ilne with our responsibilities, outlined above. lo delecl material misslalemenls in respect of irregularities. including fraud. The exlenl lo which our procedures are capable of delecling irregularities, including fraud is detailed belDW'. Based on our understanding of the group and the environment in which il operates, we identified that the principal risks of non-compliance with laws and regulations related lo charity and company law applicable in England and Wales, and we considered the exlenl lo which non-compliance might have a material effect on the financial slalemenls. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and the Charili&s SORP. 14
POLICE NOW IA company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the piincipal risks were related lo revenue recognition, in particular in relation lo recording income and charitable adivilies in the correct accounting period and management override of controls. Audit proceduies performed by the engagement team included.. Inspecting corresponden¢e with regulators., Discussions with management including ¢onsideralion of known or suspected instances of non-compliance with laws and regulslion and fraud., Reviewing the controls and procedures of the charity relevant to the preparation of the financial slalernenls lo ensure these were in place throughout the year., Reviewing debtor recoverability post year end. Reviewing management's decisions on bad debt. Reviewing post balance sheet events. Evaluating management's controls designed to prevent and delecl ITregularilies', Identifying and lesling journals., and Challenging assumptions and judgements made by managomenl in their ¢rilical accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities. including those leading to a material misslalemenl in the financial slalemenls or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial slalemenls is located on the Financial Reporting Council's website al.. www.frc.or .uklaudilorsres onsibililies. This description fomis part of OLJr auditor's report. Use of our report This report is made solely lo the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might slate lo the charitable company's members those matters we are required lo stale lo them in an Auditor's report and for no olhei purpose. To the fullest exlenl permilled by law, we do not accept or assume responsibility to anyone other than th& charitable company and the charitable company's members, as a body, for our audit work. for this report. or for the opinions we have formed. Lee Stokes (Senior Statutory Audltorl 10 QuBen Street Place for and on behalf of Haysmacintyre LLP, Statutory Audltor London EC4R 1AG Date: 27 November 2023
POLICE NOW IA company limited by guarantee) CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES Ilncorporating the Group Income and Expenditure A¢¢ounti for the year endgd 31 March 2023 Unrestricted funds Notes Total 2023 Total 2022 Income from: Grants Charitable 8clivilies Investments Other income 7,000.000 7,000,000 5,611.280 6.265,898 139 153 3,310 6.008 Total Income 12,614.729 13,272,059 Expendlture on: Charitable activities recruilmenl training and leadership development 4,634,044 4,724,582 7,996,845 7.056,720 Totsl expendlture 12,630,889 11,781,302 Net income I net movement In funds {16,160) 1,490,757 TOTAL FUNDS AT 1 APRIL 2022 las restatedl 10,824,143 9,333,386 TOTAL FUNDS AT 31 MARCH 2023 10,807,983 10,824,143 The consolidated slalemenl of financial activities has been prepared on the basis that all income and expenditure derive from continuing aclivilies. The notes on pages 2[) 10 31 form part of these financlal siatemenls. 16
POLICE NOW IA company Ilmlted by guarantee) Company Registered Number 09922205 Charlty Registered Number 1168427 CONSOLIDATED STATEMENT OF FINANCIAL POSITION at 31 March 2023 2023 2022 Note FIXED ASSETS Tangible as5els 13 38,373 22,060 CURRENT ASSETS Debtors Cash al bank and in hand 14 2,232,170 11,434,260 3,729,588 10,504,941 13.666.430 14,234.529 CREDITORS: Amounts falllng due withln one year 15 12,896,820) 13,432,446) NET CURRENT ASSETS 10,769,610 1 L),802,083 NET ASSETS 16 10.807,983 10,824.143 CHARITY FUNDS Unrestricted funds 10.807.983 10,824.143 TOTAL FUNDS 10,807,983 10.824,143 The financial statements were approved and authorised for issue by the board of Trustees on signed on ils behalf by.. L4 Noveniber 2023 and Slr lan Powell Truslea Dominic Fry Trustee The notes on pages 20 to 31 form part of these financial statements.
POLICE NOW IA company Ilmlted by guarantee) Company Registered Number 09922205 Charity Registered Number 1168427 COMPANY STATEMENT OF FINANCIAL POSITION at 31 March 2023 2023 2022 Note FIXED ASSETS Tangible assets Investments 38.373 22,060 38,374 CURRENT ASSETS Debtors Cash al bank and in hand 22.061 14 2,232,169 11,434.260 3,791,993 10,439,635 13,666,429 14.231.628 CREDITORS: Amounts falllng due wlthln one year 15 12,896,82CII 13,429,546) NET CURRENT ASSETS 10,769,609 10,802.082 NET ASSETS 16 10,807,983 10,824,143 CHARITY FUNDS Unrestrlcted funds 10,807,983 10,824,143 TOTAL FUNDS 10,807,983 10.824.143 Police Now has taken advantage of the exemption under section 408 of the Companies Act 2006 and had not prepared a separate Statement of Financial Activities for the charity. Gross income for the charity was £12,611.419 12022.. £13,266,051) and the nel movement in funLls was £16.160 {2022'. £1,490,760). The financial slalements were approved and aulhorised for issue by the board of Trustees on signed on its behalf by. L4 Noveniber 2023 and Sir lan Powell Trustee Dominic Fry Trustee The notes on pages 20 10 30 form part of thes& financial slalemenls. 18
POLICE NOW IA company limited by guarantee) CONSOLIDATED STATEMENT OF CASH FLOWS for the y8ar ended 31 March 2023 2023 2022 Note Net cash provided byllusad Inl operatlng activities 962,510 962,459 Cash flows from Investlng activities: Interest from investments Purchase of tangible fixed assets 139 133,330} 153 129,2521 Net cash provided byllused Inl Investing activities 133,1911 129,0991 Change in cash and cash equivalents in the reporting period 929,319 933,360 Cash and cash equivalents al the beginning of the year 10,504.941 9.571,581 Cash and cash equivalents at the end of the year 11,434,260 10,504,941 A.. Reconclllation of net movement In funds to net cash flow from operating actlvltle$ 2023 2022 Nel in¢ome Depreciation charges Interest from inveslrnents Increase in debtors Decrease in creditors 116,1601 17,017 11391 1,497.418 1535.6261 1,490,757 11,352 1153) 1357.442) 1182,0551 Not cash used In operatlng actlvities 962,510 962,459 B.. Analysis of changes In net debt At 31 March 2022 At 31 March 2023 Cash flows Cash 10,504,941 929,319 11,434,260 19
POLICE NOW IA company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 GENERAL INFORMATION Police Now is a charitable company limited by guarantee. incorporated on the 18 December 2014 and registered in the United Kingdom under the Companies Act 2006 and Charities Act 2011 (company no. 09922205, Charity no. 11684271. The address of the registered office is given within the Reference and Adminislralive Details page. The company is a charitable company limited by guarantee. The members of the company are the Trustees nam6d on page fj. In the event of the company being wound up, the liability in respect of the guarantee Is limited 10 £1 per member of the company. The naturo of the company's operations and ils principal activities are set out in the Trustees, Report on pago 1. ACCOUNTING POLICIES 2.1 Basis of preparation of flnancial statements The financial slalements have b&en prepared in accordance with Accounting and Reporting by Charities.. Statement Df Recotnrnended Practice applicable lo charitie5 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191- (Charities SORP 2nd edition IFRS 10211, the Financial Reporting Standard appli¢able in the UK and Republi¢ of Ireland IFRS 1021, the Companies Act 2006 anrs the Chaiilies Act 2011. Police Now meets the definition of a public benefit èntity under FRS 102.. The financial slalemenls are presented in pounds sterling IGBPI, being the functional currency of the group. and are rounded lo the nearest pound. Assets and liabilities are initially recognised at hislori¢al cost or transaction value unless otherwise slated in the relevant accounting policy. The accounting policies have been applied consislenlly throughout the financial slalemenls in both the cuirenl year and the prior year. The preparation of financial slalemenls in compliance with FRS 102 requires the use of certain critical accounting eslimales. 11 also requires management lo exercisejudgemenl in applying the Charity's accounting policies. These are detailed in note 3. The following accounting policies have been applied.. 2.2 Basls of consolidatlon The Slalement of Financial Activities ISOFAI and Slalemenl of Financial Position consolidate the financial slatemenls of the company and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis. No separate SOFA has been presented for the company alone as permillerl by section 408 of the Companies Act 2006. 2.3 Charltable parant company dlsclosure exèmptions In preparing the separate financial slalemenls of the charitable parent company. advantage has been taken of the following disclosure exemptions available lo qualifying enlilies.. No cash flow slalemenl or nel debt rOncIliatIon has been presented for the charitable parent company.. and No dis¢losure has been given for the aggregate remuneration Of the key management personnel of the charitable parent company as their remuneration is included in the totals for the group as a whole. 20
POLICE NOW IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 2.4 Golng concern The Trustees reviewed Police Now's accounts in August 2023, as part of their regular assessment, as well as ils principal risks, financial and otherwise. At that lime, they were satisfied that there is no material uncertainty that would cast doubl on the charity's ability to continue as 8 going concern. Police Now has sufficient resources lo continue operating for the foreseeable future and accounts have been prepared in the knowledge that Police Now is a financially viable organisalion. The effect of uncertainties including force demand, Home Office funding and cost changes has been assessed by the Trustees. Reviewing Police Now's ongoing aclivily, ils forecasts, and risks lo ensure the organisalion remains financially viable. With regards to the next 12 months, the most significant aiea lo be monitored closely by the direcloTS is securing Home Off1ce funding for 2024125. Contracts with Police Forces for 2024 NGLP programme are already confirmed. The Trustees will continue lo monitor this closely. As Police Now receives Home Office funding and Police Force Fees in advance of programme delivery, Police Now has sufficient reserves lo deliver contractual obligations and the Trustees therefore conclude there is no material uncertainly to going concern. An updated financial forecast was prepared in July 2023 to assess the impact of changes in force demand. The Tiuslees have a reasonable expectation that Police Now has adequate resources to continue in operational existènce for the foreseeable future. The entity therefore continues lo adopt the going concem basis in preparing ils financial slatemenls. 2.5 Fund accountlng General funds are unrestricted funds whi¢h are available for use al the discretion of the Trustees in furtherance of the general objectives of the company and which have not been designated lor olheT purposes. Restricted funds are donations received, or income arising there from. which are specific for the purpose set out by the donor. The cost of administering such funds is charged against the specific fund. 21
POLICE NOW IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 2.6 Income All income is recognised once the company has entitlement to the income, il is probable that the income will be received and the amount of income re¢eiv8ble can be measured reliably. Grants from governments and other agencies which are awarded in respect of core funding are included as income from donations in the period in which they are received and re1Vable, unless any performance related ¢ondiliDns are attached lo the grant. Income from charitable activities relates lo fees received from police forces for providing graduate recruilmenl and training programmes. Donated services or facilities are recognised when the ¢ompany ha8 control over the item, any conditions associated with the donated item have been mel, the receipt of economic benefit from the use of the cornpany of the item is probable and that economic benefit can be measured reliably. General volunteer lime is not recognised. On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift lo the company, which is the amount the company would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market.. a corresponding amount is then recognised in expenditure in the period of receipt. 2.7 Expendlture Expenditure is recognised once there is a legal or conslruclive obligation to transfer economic benefit lo a third party, 11 Is probable that a transfer of economic benefits will be required in selllemenl and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the lolal of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs allribLJlable lo a single activity are allocated directly lo that a¢livily. Shared costs which contribute lo more than one activity and support Costs which are not atlribulable lo a single a¢livily are apportioned between those activities on a basis consislenl with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciation charges allD¢aled on the portlDn of the asset's use. Support costs are those costs incurred directly in support of expendlture on the obje¢ls of the company. Governance costs are those incurred in connection with adminislralion of the company and compliance with conslilulional and slalulory requirements. Expenditure on raising funds are costs incurred in allracling voluntary income, and those incurred in trading activities that raise funds. Chaiilable activities and governan¢e costs are costs incurred on the ¢ompany's &ducaliDnal operations. including support costs and costs relating lo the governance of the company apportioned lo charitable aclivilies. 2.8 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measur&d reliably by the company.. this is normally upon nolifi¢alion of the interest paid or payable by the Bank. 2.9 Pensions Police Now operates a defined ¢onlribulion pension scheme for ils employees. A defined contribution plan is a pension plan under which the Charity pays fixed conlribLJlions into a separate enlily. Once the contributions have been paid the company has no further payment obligations. The conliibulions are recognised as an expense in the consolidated slalemenl of financial activities when they fall due. Amounts not paid are shown in accruals as a liability In the balance sheet. The assets of the plan are held separately from the Charity in independèntly administered funds. 22
POLICE NOW IA company Ilmlted by guarante81 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 2.10 Operating leases Rents payable under operating leases are charged lo the Stalemenl of Financial Activities as incurred over the lease term. 2.11 Tangible flx8d assets and d&preciation All assets cosllng more than £1,000 are capilalised. A review for irnpalrment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value ol any fixed 8ssel may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairmenl10sses are recognised in the Slalemenl of Financial Activities, Tangible fixed assets are carried al cost, nel of depreciation and any provision for impairment. Depreciation is provided at rates calculated lo write off the cost of fixed assets, less their eslimaled residual value, over their expected usoful lives on the following bases". Fixtures and fillings Office equipment Software 20% slraighl line 200/0 Straight line 330/0 straight line 2.12 Investment In subsldlaries The investment In the trading subsidiary is stated al cost. 2.13 Debtors Debtors are recognised initially al lair value. Subsequent to initial recognition they are measured al amortised cost using the effective interest method, less any impairment losses. 2.14 Cash at bank and In hand Cash and cash equivalents consist of cash on hand and balances wlh banks. and investments in money market instruments which are readily convertible. being those with original malurilies of three months or less. 2.15 Creditors Creditors are recognised inilially al fair value. Subsequent lo initial recognition they are measured al amortised cost using the effective interest method. 2.16 Flnancial Instruments The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised al transactiDn value and subsequently measured al their settlement value with the 6x¢eplion of bank loans which are subsequently measured al amortised cost using the effective interest method. 2.17 Dlstributed proflts under gift ald Taxable profits transferred lo the parent enlily, Police Now, a registered charity. are recognised as distributions from the subsidiary, Police Now Enterprises, when the Company has made an irrevocable commilmenl to the parent lo pay the taxable profits that is, in the year in which the final amounts are agreed, communicated and subsequently paid lo the parent. 23
POLICE NOW IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year endèd 31 March 2023 Critlcal accountlng estlmates and areas of judgement In preparing the fi'nancial slaternents, management is required lo make eslimales and assumptions which affect reported income, expenses, assets. liabilities and disclosure of conlingenl assets and liabilities. Use of available information and application ofjudgemenls are inherent in the formation ol eslimales, together with past experience and expectations of lulure events that are believed lo be reasonable under the circumstances. Actual results in the future could differ from such eslimales. Management do not Consider there lo be any material accounting eslimales or judgements that need disclosure in these financial slalemenls. INCOME FROM GRANTS 2023 2022 Grants 7,000.000 7,000,000 7,000,000 7,000,000 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Police For Fees 5,611,280 6,265,898 5,611,280 6.265,898 INVESTMENT INCOME 2023 2022 Interest receivable 139 153 139 153 TRADING INCOME 2023 2022 Management charge 3,310 6.008 3,310 6,008 24
POLICE NOW IA company Ilmlted by guarante&l NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Support Costs staff costs Dlrect costs 2023 2022 Programrne recruilmenl Programme training and leadership development 1,176,779 2,122.397 1,334,868 4,634,C144 4,724,582 3.278,061 2,302,376 7.996,845 7,116,240 2,416,408 3,593,187 5,400,458 3,637.244 12,630,889 11.781,302 Dlrect Costs Support costs Staff Gosts 2022 Programme recruitment Programme training and leadership development 1.210,567 1,652,732 1.861.283 4,724.582 2,297,597 1,967,199 2.791,924 7,056.720 3,508.164 3.619,931 4,653,207 11.781,302 ANALYSIS OF SUPPORT COSTS 2023 2022 Wages and salaries Training Rent IT and telecom costs Other office costs Depreciation and amortisation Consultancy Legal and tax fees Recruilmenl Governance Other 5UPPOrt Costs 2,308,619 3,046,394 46,952 90,265 420,000 480,000 163,275 282.015 43,338 74,504 16.833 6,290 132,885 128.265 9,287 26,803 96,915 29,160 23,527 39,578 375.613 449.933 3,637,244 4,653,207 Governance costs consist of the following.. Auditors. remuneration for audit Other auditor costs Legal and professional 16,300 4,850 2.377 14,800 2,950 21,828 23.527 39,578 25
POLICE NOW {A company Ilmlted by guarantse NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 10. NET MOVEMENT IN FUNDS 2023 2022 This is slated after charging.. Auditors, Temuneralion.. aLJdil Auditors. remuneration.. non-audil fees Depreciation 16,300 4.850 16.833 14,800 2,950 11,352 11. STAFF COSTS 2023 2022 Wages and salaries Social security costs Other pension costs 5,048.032 5,689.648 561,640 589,197 292,134 275,713 5,901.806 6,554.558 The average monthly number of employees during the period for the group was as follows.. 2023 Number 2022 Number Employees 117 132 The number of employees whose remuneration for th6 year fell within the following bands was". 2023 Number 2022 Number £60,000 10 £89,999 £70,000 10 £79,999 £80,000 10 £89,999 £90,000 10 £99,999 £100.000 10 £109,999 £110,000 10 £119,999 Total remuneration of key management personnel 532.847 659,823 No remuneration was paid during the period lo any member of the Board of Trustees12022'. £Nil). No Iruslees expenses have been incurred12022'. nonel. 26
POLICE NOW IA company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 12. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY Subsidiary name Company Tegislration number Basis of ¢onlrol Equity shareholding V Police Now Enterprises Limited 09922465 Ordinary shares 100Q 2023 2022 Turnover Administrative expenditure 3,310 13.3101 6,008 16.0081 Profil on ordinary activities after t8xalion Piofil dislributlon to parent charity Total assets as al 31 March Reserves 13. TANGIBLE FIXED ASSETS Group IT equlpment and softwarè Fixtures and Offlc& flttings èquipment Total C05t: Al 1 April 2022 Additions 20,452 55.820 95,971 33,330 172.243 At 31 March 2023 20,452 55.820 129,301 205,573 Depreclatlon: At 1 April 2022 Charge for the year 20.452 55.820 73,911 17,017 150,183 17.017 At 31 March 2023 20,452 55,820 90.928 167,200 Net book value- At 31 March 2023 38,373 38,373 Al l April 2022 22,060 22,060 27
POLICE NOW IA company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the yaar ended 31 March 2023 13. TANGIBLE FIXED ASSETS (cont) Company IT equipment and software Flxtures and Offlce fittings equipment Total Cost.. Al 1 April 2022 Additions 20,452 55,820 57,031 33.330 133,303 33,330 Al 31 March 2023 20,452 55,820 90.361 166,633 Depreciatlon.. At 1 April 2022 Charge for the year 20,452 55,82f) 34,971 17.017 111.243 17,017 Al 31 March 2023 20.452 55,820 51,988 128,260 Net book value: At 31 March 2023 38,373 38,373 Al 1 April 2022 22,060 22,060 14. DEBTORS Group 2023 Company 2023 2022 2022 Amounts owed by group undertakings Trade debtors Other debtors Prepayments and accrued income 62,405 1,750.534 80,000 1.420,187 71,145 1,750,534 80,000 1,420,187 71.144 740,838 1,899,054 740,838 1,899,054 2,232,170 3.729,588 2,232,189 3.791,993 28
POLICE NOW {A company limlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 CREDITORS: amounts falling due 16. withln one year Group Company 2023 2022 2023 2022 Trade creditors Other taxes and social se¢urily Val payable Other creditors Accruals and deferfed income 362,144 479,394 158,017 145.300 43.989 250,142 70,940 64,078 2,261,730 2,493,532 362.144 479,394 158,017 145,300 43,989 250.142 70,940 64,078 2.261.730 2,490,632 2,896,820 3.432,446 2,896,820 3,429.546 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Total 2023 Total 2022 Group Fixed assets Current assets Current liabilities 38,373 22,060 13,666,430 14,234,529 12,896,820) 13,432,446) 10,807.983 10,824,143 Company Fixed assets Current as5els Current liabilities 38,374 22,061 13,688,429 14,231,628 12,896,820) 13,429,546) 10,807,983 10,824.143 29
POLICE NOW IA company limited by guaranteel NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2023 17. Flnanclal commltments At 31 March 2023 the group and the Charity had commitments lo make fLJlure minimum lease payments under non-cancellable operating leases as follows.. Land & bulldlngs 2023 2022 Not later than one year Between one and five years 421,260 425.040 420.000 840,000 846,300 1,260,000 18. Related party not& During the current year, five members of the Board of Trustees had responsibilities with the Police Service. Helen Ball was an Assistant Commissioner in the Metropolitan Police SeNice. Louisa Rolfe is an Assistant Commissioner in the Metropolitan Police Service. Rhammel Afflick is a Special Sergeant in the Metropolitan Police Sewice. Lara Tyrell-moore resigned on 17 August 2023 and is a Detective Conslable in Devon and Cornwall Police. Amelia Tanner appointed 17 August 2023 is a Detective Inspector in Thames Valley Police. During the year the Charity received gift aid of £Nil 12022.. £Nill from ils wholly owned Subsidiary, Police Now Enterprises Limiled. Al the year end the Charity was owed £Nil12022'. £62,865> by Police Now Enterprises limited. 30