Reglstered number: 09922206 Charlty number: 116B427 POLICE NOW (A Company Limited by Guarantee) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
POLICE NOW IA Company Llmlted by Guarantee) CONTENTS Page Reference and Admlnlstratlve Detalls of the Charlty. Its Trustees and Advlsers Trustees, Report 2-12 Independent Audltors, Report 13-15 Consolldated Statement of Flnanclal Actlvltles 16 Consolldated Stalement of Flnanclal Posltlon 17 Company Statement of Flnanclal Posltlon 18 Consolldated Statement of Cash Flows 19 Notes to the Financlal Statements 20-30
POLICE NOW (A Company Limited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Sir I C Powell R E B Afflick H E Ball QPM J E Bowler CB J C Clegg M I Cooper (appointed 17 August 2023) DLCFry C H Kinsella (appointed 1 July 2023) L H Rolfe A J Tanner (appointed 17 August 2023, resigned 15 March 2024) V S H Tillbrook (appointed 1 January 2024) JYYTsim L K Tyrell-moore (resigned 17 August 2023) Lord Woolley of Woodford CBE Secretary K Halliday Reference and admlnlstratlve details Name.. Police Now Charity number.. 1168427 Company number: 09922205 Name.. Police Now Enterprises Limited Company nurnber: 09922465 Reglstered office 203 Blackfriars Road, London, SE18NJ Banker8 Barclays Bank PLC, 93-97 Queensway, London. W2 4QG Solicltors Mllls & Reeves LLP, Botanic House, 100 Hills Road, Cambridge, CB2 IPH Auditor Haysmac LLP, 10 Queen Street Place, London, EC4R 1AG
POLICE NOW (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, who are also Directors for the purpose of Company Law, present their annual report together with the audited financial statements for the year ended 31 March 2024. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements. the requirements of the company's governing document and the provisions of the Statement of Recommended Practice (SORP, 2nd edition>, applicable to charities preparing their accounts in accordancewith the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (effective 1 January 2019). OBJECTIVES AND ACTIVITIES Police Now's mission is to transform cornmunitles, reduce crime and anti-social behaviour, and increase the public's confidence in the police service by recruiting, developing and inspiring outstanding and diverse leaders in society and on the policing frontline. This aligns with the original governing dccuments 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 Enterprises Limited was formally dissolved on 11th June 2024. Police Now was created by those who believe that there is value for the poliGe service and the communities that pollclng serves to recruiting, training, and developing police officers in ways that differ from traditional approaches. WEth the support of the Metropolitan Police Setvice, The Mayor's Office for Policing and Crime, the Home Office and London First (now BuslnessLDN>, a small number of constables. sergeants, and inspectors created Police Now within the Metropolitan Police. The first cohort of sixty-nine programme participants joined Police Now's National Graduate Leadership Development Programme in July 2015 in London. In 2016, Police Now became an independent organisation and charity. In 2019 Police Now launched the National Detective Programme and in 2021 launched the Frontline Leadership Programme, Beeen 2019 and 2023. Police Now played a key role in the delivery of His Majesty's Government's Police Uplift Programme. Most recently. the organisation has worked to apply its programmes and learning to various specialist police activities. Durlng the 2023124 financial year, 114 participants joined the ninth cohort of the National Graduate Leadership Programme, and 229 participants Joined the fifth cohort of the National Detective Programme, which included 75 officers joining Police Now's pilot Counter Terrorism Policing stream. By 31 March 2024, 36 of the 43 territorial police forces In England and Wales had partnered with Police Now to reGruit and develop over 3,000 police officers across England and Wales, half of whom told us they would not have considered a policing career and would not have applied to join the police force were it not for the opportunities presented by Police Now Police Now strives to achieve its objectives by.. Recruiting brilliant people with inlelligence, integrity, emotional intelligence, and grit at the highest possible diversity, Equipping them with excellent core policing skills to build credibility with colleagues and the public. Providing a foundation in leadership with and without rank. Armouring them against cynicism through practical application of the Policing Code of Ethics, and concepts of organisational sustice, procedural justice, reflective practice, critical analysis, resilience, wellbeing and grit, evidence-based policing and problem solving. Posting them to forces and communities Ihat need them m05L Through these core mission activities and strategic enablers, Police Now aims to achieve a sustained, long-term reduction in crime and anti-SOGial behaviour, a sustained, long-term increase in the public's confidence in policing, and a sustained, long-term improvement in police culture judged against the expectations and standards of the public. This will ultimately ensure a safe environment where everyone, including the most vulnerable in a society, has a chance to 1 Pdicè Now Artldes of Asso¢lallon 3.1 The otyect of thB Charity Is to promole the etfthw of the prfe. in pCUlar by the operallon ol a grade recrullmenl and tralnlng progiarnrne to recruit a high calibie of wltce offt¢ers to plte forces armvs Ihe Unrted ngdOM. 2 Measre vla particlpanl expedetth syrveys lor Pdice Now ¢ohort5'. W8r8 you plannÉng loioin Ehe pollce belore heard abtsul Polw N(xy?
POLICE NOW (A company limlted by guardntee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Icontlnuedl Ihrlve. Pollce Now cleady fits within the d8finitlons in the Charity Commission's guidance on public benefit3 During the year, Police Now has engaged in several activities to achieve ils stated aims and objectlves, specifically.. Secured fundlng agreements to contribute to the National Graduate Leadership Programme and the National Detective Programme during 2023124. Secured fundlng agreements to continue to offer the leadership and promotion programme focused on existlng constables,. The Frontline Leadership Programme. Racruited and commenced training for-340 participants across the Natlonal Graduate Leadership Programme and the National Detects've Programme. Piloted a new Counter Terrorism Policing stream within the National Detectives Programme. The officers wlll traln in Counter Terrorlsm policing during their second year of Ihe programme. ranl-mak5n PoliGe Now does not engage In grant-making activity. Volunteers Th8 Trusle8s are all unpaid volunteers who provide their time, expertise, and judgement without payment. Police Now is enormously grateful for Ihelr contribution. In addition. Police Now has benefited from several pro bono contributlons, typically provided on a voluntary basis. Apart from the Board, the day-to-day operation of Police Now 18 not rellant on volunteers to function and Is predominantly run by paid professional staff. Fundralsin It is crlllcally importanl thal Police Now conllnues to be innovative and agile in developing nol only new programmes but new approaches lo existing problems, including but not limited to those involving and affecling Ihe police workforce, and responding lo the needs of policing. As such, Police Now does nol actively pursue a strategy of fundralslng from corporate bodies. individuals or foundallons. The primary source of funding is from fees recelved from Police Forces for programme participants and grant Income from the Home Office. Police Now does not fundraise from members of the public and has no short-term ambition to do so. Any changes in this strategy must be approved by Police Now's Board to ensure ongoing allgnment with recognised standards, avoid complaints and protect the public including vulnerable people- from unreasonably intrusive or persistent fundraising approaches and undue pressur8S to donate. To date Police Now has received no fundraislng Gomplalnts. Y The purposa 18'b8nefia81... in a way thql Is ld8n1lfiaa and capae d belng pred by whera necess8rf benefits Ihe pulAlc in génara, or 8 8uffidenl secuon of Ih? puNlc' wlhoul ging peisonal b&nÈfil or¢aun9 d¥lrimenl or hami.
POLICE NOW (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE During the year, Police Now made significant progress against key aims: Impact on crlme and antl-soGial behavlour Police Now holds every particlpant to account on behalf of the communities they serve, assessing them regularly on the impact they are making. Despite Ihe challenges of doing so, Police Now also analyses data on Grime, antisocial behaviour. and public confidence in the communities where participants are posted, worklng in partnership with independent academic experts. Police Now produ8 an impact report to demonstrate measurable impact to forces, the Home Office and tha public. The latest version can be vlewed b£r£. We are currently working on a 10-year impact r8POrt whiGh will be available in 2025. Participants are lackling a range of issues in the communities they serv8, Wlth a focus on anli-social behaviour, crime prevention, partnership working and young people. Independently pe8r reviewed analysis of Police recorded crime data for England and Wales suggests a 140/0 reduction in anti-social behaviour in the communities where Police Now's participanls were posted b&een 2018 and 2020, compared to a 1 Q/t) increase In the communities without a Police Now participant. Extend Pollce Now Into more deprlved and vulnerable communltles Police Now has placed officers in 36 pollce forces across England and Wales since 2015. creatlng a nallonal network of over 3,000 pollce offi'cers. Analysls of the Indices of Mulliple Deprivation IIMD) data shows Police Now partlclpants typically work in more deprived communlties, characterised by higher Crime and anli-soclal behaviour IASBI. The median deprivation score {based on the IMD)4 for communities where a Police Now participant has been posted is 26.1, compared to 18 for non-Police Now areas (the higher the score, th8 more deprived the area is>. Increase the level of dlversity withln pollcing Police Now Inspire and recruit high-achlevlng graduates from socially dlverse backgrounds who place strong value on the Importance of diversity and inclusion in the workplace. increasing policing's abi1Sty to tackle raclsm, sexism, bias, or discriminatlon wherever il is found. Of those who slarted the National Graduate Leadershlp Programme In 2023 51 % identifled as female, 24% identified as 8lhnic mlnorilies (compared with 18Q/o ethnic minoritles representing the natlonal population and 80h of national Police workforce ). Qfthose who started the National Detective Programme in 2024, 670h identified as female, 15 % identified as ethnic minorities {56 % ofwhom were female), with 5 % black heritage. 110/0 were from the LG8TQ+ community. We have found that some online assessments, such as psychometric tests, can cause adverse impact, partlcularly on ethnic minorlty candidates. We have worked with assessment consultants to develop a blended assessment approach which minimises adverse impact potential whilst allowing to appropriately assess candidates. Police Now participants maintain a strong belief in the value of diversity and incluslon in the workplaca. Illuslrallng this, 800A of participants agreed they would challenge a colleague's views on diversity and inclusion if they dlsagreed with them7 Th& IMD1s IhètylfiGlal fftqasuTroI reL4gv• Wrtvallon l¢x $[e4¢{mjjE#JDthSI kn ErliaT(hersrKM?- W¢rthwirt1}. Seven rnn typo$01 o&tyFvatsun areum34deradln tts Indtyx ol mrA$ Dopllyakn 2015. IrKludlTrJ' inc(wnB. wnOoyrn8nL l&lh. a¢£e5s kni0uln94rvjsetces. Il1trJ8nrOrWrf. rno to lonm Ihe Otall tngasuTgaf EnglHrLdgnd W41852021 C8nsus polkewothforce, 4tyJ Wa5." 31 Mgrch2024. How t)Tre Me$sredbY Wavg 2 PES.. cffj6t£ly comfffisble. ld¢n81w•1ew*th%0n yw dbagroodwthththi
POLICE NOW (A Company Ilmited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Icontlnued) Developing leaders to transfonn communities Feedback from participants, line managers and colleagues shows that Police Now participants are strong communicators and problem-solvers, who challenge historic ways of working and build posltlve relationships with colleagues and the public. 94 % of line managers and colleagues agreed that Police Now participants demonstrate good understandlng of the community they seNa and the challenges that the force faces; 1000A agreed that participants demonstrate good rapport with victims, witnesses and suspects in their casas and 990/0 agreed that they treat all individuals, regardless of their background, with respect by providing them with a voice and remalning neutral In interactions Independent research suggests thal those enlering the police servlce through Police Now score higher than a comparable group of professionals on several key dimenslons of emotional intelligence, Includlng conscientlousness, empathy, and emotional control. These are essential skills for effectlve leadership, managing wellbeing in complex envlronments, translating new Ideas Into actlon and helping policing meet current and future challenges. Pollce Now participants are oveNthelmingly allgned to Police Now's mission, wlth hlgh alignment in areas looklng at procedural justice (980/0). the value of diversity in groups (990/0), the belief in diverse leadership (94Yo) and being a part of the movement to transform communities and lead change within policing (95 /0) 10 Contrlbute lo the national demand for detectlve reslllence Police Now has developed a national detective entry programme In response to demand from policlng and a well- publicised national shortage of Investigators, recruiting and developing almost 1,000 detectives lo dale. 67Q/o of our fifth cohort of National Detective Programme participants passed the Nation81 Investigators, Exam at the first attempt, 110/0 hlgher than the national average (June 20241, despite having only ten we8ks' police service at the time of taking the exam. Expand ourpmfesslonal development opportunltles at sergeant rank Our academies provide a transformallve leadership experience for seconded officers (Stream M8nagers and SyndlGate 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 to apply for these roles as well as non- Police Now alumnl. Our Connectlon for Life offer has been developed to support Police Now alLtmni and ambassadors al constable and sergeant ranks to progress to Sergeant or Inspector rank5, particularly through promotion support and Fast Track support. In June 2024, Police Now celebrated its 2001h Fiontline Leadership Programme participant to pass Ihelr sergeant board. 550/0 of the promotions achieved by our FLP participants were female, compared with 33 % of 2022123 promotions lo Sergeant nationally, and 190/0 were officers from an ethnic mlnorily background, compared to 90 natlonally Develop thè Police Now programme wlthln the new Police Constable Entry Pmgramme (PCEP) framework and Its detective equivalent. Police Now partlclpants already reach the front Ilne faster than any other entry and tralning route, and the new pathways present an opportunity to allow them even more time in thelr communities and teams. We have considered the feedback received that the volume of academic work can be difficult to balance alongside operational duties and can take participants away from their communities and undermine theirwellbeing. This move should help address these challenges by reducing the complexity of the programme, giving a belter balance for participants and lowering programme extensions numbers. This move provldes Pollce Now the opportunity to lead and shape the direction oftravel on a new entry rouie. as we did with DHEP several years before, contlnuing our repulatlon as an innovalor and leader in the sector. Pollce Now expects to continue lo work with Liverpool John Moores University (our current unlverslty partner) in a different capacity and we intend to maintain our collaboration with them as part of Ihe mov@ to PCEP, having built a strong partnership and been impressed with the organisation's capabilities. Bn oNITrè 5urvaycwrleLed ty ppant •8After9.Sonthe NabonalO81orlh* 3 In=1421 °McDowall andG•mL1 (20211 Ev4u8W(O PoN¢e Tr4a1kwlGrate Le3darsh (C&¥xtn . IleB9wed%laoITro compÈ818d by P4kn1 Drfttl¥BPtOyMnrnAcaJernyCrt6 PoliC•w%11KC0, W35.. 31 Mar(h2024, [MeOffiC9
POLICE NOW (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Income Durlng th& last financlal year, Police Now has generated income from two sources - £5,316,172 (2023: £5.611,2801 from police force partners and £5,000,000 {2023'. £7,000,000) from the Home Office. The Home Office funding reduced In 2023124 followlng the end ofthe Police Uplift Programme. enditure Our expenditure for the last year of£12,768,810 (2023- £12,630,889) divides into £12,768,810 (2023: £12,630,889) on charitable activities and £Nil {2023.' £Nil} on raising funds. The £12,768,810 was constituted by £5,056.232 (2023.. £4,634,044) on programme recruitment and the remaining £7,712.578 (2023.. £7,996,8745) was spent on programme trainlng and leadership development. In Ihis period, £6,373,368 {2023-. £5,901,806) was spent on staff costs (salarles, social securtly, pension costs of all full-time and temporary staff). Police Now has enrolled staff in a defined contribution pension scheme and there is no material pension liability associated with this scheme. Rlsks Risk 18 an inevitable part of charllable actlvlty and Police Now is commltted to managing rlsk effectlvely to ensure il achlev8S Its objecllv8s and safeguards charitable funds and assets. As such, a Board-approved rlsk management pollcy has been established, cov8rin9 risk identification, assessment, management, and monitoring, as well as business Gontingency planning. The risk identificatlon process is led by the Senlor Leadership Team (SLT) and reviewed regularly by the Board. The SLT considers Police Now's objectives, mlssion, strategy; the nature and scale of Police Now's activities. exlemal f8clors that might Impact Police Now., financial stability- the charity's reputallon with partners and stakeholders; past challanges, difficullles, and problems the charity has fac8d: Police Now's operating model. risk management frameworks and taxonomies used in other organisations. It is acknowledged that although the risk idenlificalion process is thorough and robust, the output contains some subjective judgements. The process provldes reasonable assurance and helps Inform contingency plannlng based on the best available Information at the time. Based on the latest risk register, the following six risks have been identifled, based on severity, for regular SLT and Board attention: Failure to secure future demand from police forces Face to face engagement Is mainlained as much as is needed to build relationshlp5 With forces, including inveslmenl of CEO time to build and strengthen senlor force relationships Pollce Now continues to pursue multi-year contracls to reduce risk ofannual volume fluctuatlon5, The organlsation has a strong working relationship with the Nalional Police Chiefs CounGiI and College of Policlng and takes regular soundlngs al a slralegic level across policing on organisalional performance, focus and fulLtre dlrection. Fallure to secure sufflclent central govemment fundlng to continue existing business and delivery model - Pollce Now continues to have a positive and professional relationship wilh the Home Office and key pollcing stakeholders based on its slrong delivery record, including monthly grant-management meetlngs with Home Office clvil servants. Woik is undeNay on the ten-year impact report, for which government is a key audience. Failure to secure sufficiènt candidate numbers lo meet force demand Intervention approaches being investigated to miligale the risk of higher attrition rates across a51 graduate employers. Police Now continues to invest in impactful employer brand activities such as Times Top 100 Graduate Employers. Force contracts incorporate defined ranges lo allow flexibility around the number of actual recruits.
POLICE NOW (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW {contlnued) Syndicate Lead quality, experience and motivation does not consistenily meet the standard required A review of the syndicate lead role and recruitment process recently occurred lo further improve Syndicate L8ad capability. A new job pack Increased clarity around the requirement5 and deliverables of the role and a new intervlew script designed to focus more on mission alignment, culture and other required competencies was introduced. The recruitment process is now aligned to the College of Policing Competency and Values Framework to SLAPPOrt with understanding of the process and lo map to the sergeant promotion processes. A one-day Syndicate Lead Induction is now In place to introduce the role, expectations and academy environment. A two-week Syndicate Lead Course {SLC) before the academy brings 811 Syndicate Leads to a minimum standard regarding teachlng and line management support. Lack of diversity of Board, Headquarters and Sanior Leadership Team - A renewed ED&1 Committee 18 bringing energy and fresh idea5 to this space. PNHQ recruitment processes have been overhauled to 8nsure sufficlent diversity at all levels, including lob paGks, referrals. reducing unconscious bias and adverse impact, a range of staff meeting candidates, and 'pauses' built in where pipelines are insufficiently diverse to provide opportunity for rectification, A partlcipant is charged with misconduct whilst they are on the Police Now Programme- Police Now has completed a full safeguarding audit across the programme 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 support measures are in place for partlclpants and recent results show posltSve dlrectlon of travel in this space. Reserves As of 31 March 2024, Pollce Now had consolldated funds of £8,506,190 (2023: £10.807,983} of which £40,517 (2023.. £38,373) of funds can only be reallsed by disposing of tangible fixed assets. No funds were restricted or deslgnated. The Trustees review the rese8 policy annually and th8 level of reserves are reviewed quarterly a8 part of regular flnanclal reportlng. The level of reserves must be sufficient to deliver the full programme{s) and associated activllies committed to across multiple flnanclal years, Thls Is measured by a wind-down model which is prepared in conjunction with the annual budg8t and any subsequent reforecasl. In addition to this, a provision, ofan amount agreed by Ihe Board ofTrustees (or relevant delegated subcommittee), will be maintained to cover unforeseen day-to-day operatlonal costs. responding to known and unforeseen risks, cost inflation, asset replacement costs, costs arising from legal action, force non-payment, slralaglcally impactful opportunities. The target level of reserves requlred is £8.3m. The reserves at 31 sl March 2024 are above this level at £8.5m which Ihe Board deem adequate but not exce5slve. Goin concern The Trustees reviewed Police Now's accounts In August2024, as part oftheir regular assessment, as well as its principal risks, financial and otherwise. Al that lime. they wefe satisfied that there is no material uncertainty that would cast doubt on the charity's ability to continue as a going concern. Police Now has suffiGient resources to contlnue operating for the foreseeable future and accounts have been prepared In the knowledge that Police Now is a financially viable organisation. The effecl of uncertainties including force demand, government funding and cost changes has been assessed by tha Trustees. Reviewing Police Now's ongoing activily. its forecasts, and risks to ensure the organisatlon remains financially vlable. With regards to the next 12 months, the most slgnificant area to be monitored closely by the Trustees is securing government funding for 2025126 and securing contracts with police forces for the 2025 National Graduate Leadarship Programme. Contracts for Ihe 2025 National Detectives Programme are already confirmed. The Trustees will continue to monitor this closely. As Police Now receives Home Office funding and Police Force Fees in advance of programme delivery, Police Now has sufficient reserves to deliver contractual obllgations and the Trustees therefore conclude there is no material uncertainty to going Goncein.
POLICE NOW (A company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW (contlnued An updated flnancial forecast was prepared in November 2024 to assess the impact of changes in force demand. The Trustees have a reasonable expectation that Police Now has adequate resources to continue in operational existence for the foreseeable future. The enlity therefore continues to adopt the going concern basis in preparing Its financial statem8nts. PLANS FOR THE FUTURE PERIODS During 2023124, the pollce recruitmenl and training sector within which Police Now operates has experienced significant change and 8 numb&r of key events, Including significant negative media attention and public outcry relating to incidences indicating issues of misogyny. sexism and racism within the sector. The release of the Angiolini Inquiry Part 1 report led to further national and local questions about police trusl and legitimacy. The fallout from this has resulted in a very difficult recruitment market, reducing the appeal of pollclng to graduates. This Is further exacerbated by a shift in the recruitment market in the wake of COVID-19 that has created a demand on lop talent, combined with the depletion of the recruitment pool following three and a half years of intensive police recruitment in the form of the Pollce Uplift Programme. 11 is worth noting that this sltualion is nol unique to Police Now and has mpacted force recruitment directly, The contlnulng cost-of-living pressures and ri8ing cost5 continued to impact organisations. This has impacted the volum8 of candidates applying to policing at entry level. The recent change in UK government has created uncertalnty in the policing sector wlth unknown impacts to fundlng influencing police force declsions. It may also Smpact government funding levels for grant-receiving organisalions such as Police Now, We are in regular contact with the Home Office, National Police Chlefs Council, College of Pollclng and pollce forces to help navigate thls perlod of uncertainly. Th6 total volume of new officers recruited reduced in 2023124 following the end of the Police Uplift Programme, Police Now therefore intends lo recruit and train -300400 new officers per year from 2024125 onwards as well as develop -200 officers on the Frontllne Leadership Programme, subject to contlnued funding. This is based on balanclng the dlfference that PolSce Now brings to pollce recTUltmenl and training with the need of police forces to maintain other entry and training routes at sufficlent volume and vlabillty to meet local and collectlve national need. For Police Now lo thrive within this shifting environment, it is essential that we set out clearly to the pollce serwice, Indlvldual pollce forces, and wider stakeholders the unique benefits which Police Now can provide. It is our bellef, based on our experience operating within thls sector over the last nine years and based upon a wide range of feedback we have obtained more recently, thal our response should be based on a renew8d focus on the strategy of quallty and dlfferentlatlon as the key means of achieving POle Nows misslon. The contlnued negative medla attention on policing and related incidences, appears lo be correlated to the candldate plpeline5 and attrition rates of candidates for the Police Now recruilment programmes within the graduate and career- changer markets. Police Now therefore intends to increase its candidate pipelines and invest signifjcantly in positive action lo mitigate thls risk, particularly with candldates from underrepresented groups. Police Now delivers three core programmes to the police service= the National Graduate Leadership Programme, the National DetectlV8 Programme (which now includes several specialist policing components), and the Frontline Leadership Programme. In addition, Police Now delivers a Connection for Life strategy which aims to connect participants and alumni to Pollce Now and our mission for a Ilfetime. Building on Police Naw's achievements of this yoar and historically. Pollce Now has sel out in 2024125 and beyond to:
POLICE NOW IA company limited by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 PLANS FOR THE FUTURE PERIODS (continued) Focus on quallty and differentiatlon It is only by deliv8ring on both quality and diff8rentiation that Police Now can be successful wlthin this changing marketplace. In lerms of Quallly: To support policing to become representative ofthe communitles it serves, and to develop stronger leaders with the skills required to lackle current and future challenges in policing, Police Now must identify the m08t dlverse and the highest calibre of indlviduals to join the pollce service. Following the government announcement in November 2022 launching a new pathway Into policing, the Pollce Conslable Entry Programme IPCEP) {and within that a detective entry equivalent), Police Now has made the decision to move from a Degree Holder Enlry Programme (DHEP) based offer to one underpinned by the PCEPIDCEP. This is an opportunlty to create new seclor-leading policing pathways, with the ability to design, deliver and iterate programmes better tailored to our misslon and force priorities, We will be less restricted and can spend more tlme equipping officers wllh essenlial frontline policing skills and focusing on impact and leadership detailed earlier in this report, In temis of Dlfferentiation.. Police Now will identify individua15 who would not othetwise have jolned the police SeICe, Pollclng requires 18aders from a diverse rang8 of backgrounds and experiences, who are talented and keen to be part of positive change. This means identifying sought-after graduates and career changers who often tak8 on career paths other than pollcing, for example in consulting, the law, banking, or politics. It also means altracting those from a divers8 range of backgrounds in t8rms of gender and ethnicity as well as supporting social mobi1S1y. The programm8S themselves must be differentlated from what police forces are able to deliver themselves, in order lo develop Police Now officer5 to be exceptional fijture leaders. This includes particular attentlon and focus on procedural and organisalional justice, research and evidenced-based problem solving, long-lerm problem solvlng, communicatlon and empathy, the wider policing and political landscape, and diversity and incluslon In the context of pollcing and community trust. Police Now also offers a secondment programme for some partScipants, to be exposed to and learn from different sectors. Pmgrammes deslgned amund Impact In communities and pollclng Core to Police Now's National Graduate Leadership and National Det8cliv8 Programmes are that W8 hold our particlpants to account on behalf of their communlties for reducing crime, reducing anti-social behaviour, and increaslng the public's confidence in policlng. Tha Ilnk belween Pollce Now participanls, the programmes and their communities will continue lo be strength8ned, following a move lo PCEP. Pollce Now participants are already on Ihe frontline fasler than any olher rout8, and PCEP presents an opportunily to allow them even more time to work closely with and embed wlthln thelr communltles. Police Now's Impact & Insights leam will be focused on impact analysis of our particlpants and programmes In thelr local communities and on a national level. Contlnue to contribute to Improving the diversity of thosè in leadershlp mles In policing Police Now is the market-leader in bringing into policing Ihose who might not othemise have considered a pollcing career, especially those who identify as women and those who idenlify as an ethnic minority. This is demonstrated by our published data and by the diversity of OUT cohorts in terms of gender and ethnicity. Police Now also happens to recruit a high level of those who identify a5 LGBTQ+ as demonstrated through our most recent tenth cohort of the National Graduate Leadership Programme (15Vo identify as LGBTQ+i. Police Nowwill continue to diaw on our successes to date in this area, as well as continuing lo share with the police service how we have been able to deliver these achievements. To make a further contribution to improving diversity within policing leadership Police Now will continue to develop the Frontline Leadership Programme. which is open to existing police officers that did not join the police service vla Pollce Now, as well as alumni of our programmes.
POLICE NOW (A company Ilmlted by guarantee) TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT PolSce Now has operated independentty slnce December 2015. having previously been incubated wlthin the HR department of the Metropolitan Police Service. Police Now held its first Board of Trustees, meeting in December 2015 with a nominated Chair and four Trustees. In July 2016 Police Now reiVed charitable status and established a Ir8ding subsidiary and company limited by guarantee, Police Now Enterprises Limited, in which it15 sole shareholder. Pollce Now Enterprises Limited was formally dissolved on 11 June 2024. Police Now does not have shared capital or external shareholder and is held lo account by a nominated Board of Trustees {the'Board') who are not remunerated. As part of the governing structure, members of the Board for Police Now are both Trustees for the organisalion and are registered on Companies House as Directors. At 3151 March 2024 Police Now had twelve appoint8d Trustees. In additlon to being responsible for the future strategy of Police Now. Trustees are liable lo contribute a sum not exceeding £1 in the event of th8 charity belng disbanded12 Pollce Now has made active effort5 to ensure its Board incorporate a wide range of relevant skills and experlence to govern the future strategy of the organisation. Upon official appointment, Trustees are required to complete a varlely of incorporatlon documents including a background check, adding details lo Companies House and the Charity Commlssion, and documenting their personal detalls. Where required, Trustees also undergo tralning as part of their induction, and training requlrement needs are continued to be assessed throughout their term. All Truslees must declare any conflicts of interest lo Police Nowwhich wlll be noted accordingly. Each Trustee also meets existing Board members, including the Chalr, and with the Chief Executive Officer (CEO) before jolning the Board, and are educated on Police Now's mlssSon, activities, and perfomiance. The Board has delegated responsibllity for certaln specific matters to three Board-level commitl888,' Finance, Audit, Risk and Resource Committee: with responsibilities including approvlng proposed annual budgets, remunerallon, policy approval, appropriate resources, the accuracy and fairness of the audit and appointment of external auditors, risk management and details of any open legal issues. Customer Insight, Futures and Impact Committee-. with responsibilities including programme development, worklng wlth police forces, Impact evaluation and considering new opportunities for impact. Equity, Diverslty and Inclusion Commiltee.. To ensure that dlversity and inclusion is a key priority across all activity so that we are supporting pollGing by allracting, developlng and relaining the most dlverse and talented groups, enabling us to achieve our mission of transforming communities. The group will promote, champion, and encourage diversity, incluslon and equality In the workplace and will monitor the key areas of performance, uslng data, experience and Innovation. In accordance with its Articles of Associatlon, Police Now is parmitted to delegate the day-to-day management of the Charity to a Chief Executive or other manager or managers by implementing the pollcy and strategy adopled by and within a budgel approved by the Trustees (if applicable)J 13 For Police Now the power is delegated to the CEO who assembles a Senior Leadership Team {SLT> of diverse and experienced professionals to ensure the effective and efficient running ofthe organisation. The CEO and Executive team (those holding a Director role as Police Now staff), alongside the Trustees, are the key management personnel of the organlsatlon. PIE NtMArthYésot Associatlon, Itam 2 ilaNIV amervjwj 14°J 2016 ' Plee N(wArtEele3 dAs5¢datI, It 24"f*yoltrf 14 Juty2018 10
POLICE NOW (A company limited by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE. GOVERNANCE AND MANAGEMENT {contlnued) The CEO is held accountablé at a quarterly Board meeting and regular committee meetings (at least quarterly) where key updates on strategy, budget, policy, recruitment and programme delivery are provided. The Board receive confidential papers in preparation of these m88tings. Full mlnutes are taken at each Board meeting. To ansure delegated aulhorfli8s from the Board are monitored and apwopriately adhered to by the CEO and SLT, Pollce Now has developed a varlety of policies relating lo finance, operations and human resources which govern the daily running of the organisation-, these have been approved by the Board or Board Committees with delegated responsibilities. These policies clearly establish decisions that are delegated to the CEO and SLT and those declslons thal are retained by the Board, for example the strategic direction of the organisation, approval of all expenditure exceeding £150,000 and annual departmental and organisational budgels. Trustees of Police Now receive no remuneration for their professional input Into the organisalion, however, may be enlltled to expenses where appropriate. Those holding a Director role as Police Now staff receive their annual salary, a 6¢/0 employer pension contribution and prlvate medical Insurance. These benefits are In common with other employees at different grades and wer8 benchmarked against similar charities to ensure competitiveness, fairness, and responsible expenditure of charitable funds. The CEO approves all salaries within the organisation, whlle the CEO salary and the overall remuneration pool is approved by the Board. TRUSTEES. RESPONSIBILITIES STATEMENT The Trustees {who are also dlrectors of Pollce Now for the purposes of company law) are responsible for pr8parlng the Trustees, Report and the financlal statements in accordance with applicable law and United Kingdom Accountlng Standards (United Kingdom Generally Accepled Accounting Practice). Company law requlres the TNstees to prepare financial statements for each financial year. Under company law the Trustee5 must not approve the financial statements unless they are satisfied that they giv@ a true and falr vlew of the stale of affairs of the charitable company and the group and of th8 incomlng resources and application of resources, Includlng the income and expenditure, ofthe charilable group for that period. In preparing these financial 5talementS, the Trustees are required to., select suitable accounting pollcies and then apply them conslstently. observe the methods and principles in the Charities SORP. make judgments and accounting estimates that are reasonable and prudent., and prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charltable group will continue in operation. The Truslees are responsible for keeplng adequate accounting records Ihat are sufficient lo show and explain Ihe charitable company and Ihe group's transactions and dlsclose wilh reasonable accuracy al any Ilme the financlal position of the charitable group and enable them to ensure that the financial statemenls comply wlth the Companies Act 2006. They are also responslble for safeguarding the ass8ts of the charitable company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
POLICE NOW (A company Ilmlted by guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 DISCLOSURE OF INFORMATION TO AUDITOR Each of the p8rsons who are Trustees at the time when this Trustees. Report is approved has confirmed that: so far as that Trustee is aware, there is no relevant audit information 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 to be aware of any relevant audil information and to establish that the charitable group's auditors are aware of that informatlon. In approving the Trustees, Report. tha Trustees are also approving the Directors, Report In their capacity as company dlrectors. SMALL COMPANIES NOTE In preparing this report, the Trustees have taken advantage of the small companies, &xemptions provided by section 415A of the Companies Act 2006. The trustees report includlng the strateglc report was approved by the Trustees on thelr behalf by.. .3.111.1.2.oZY and slgned on Slr lan Powell Trustee Victoria Tlllbrook Trustee 12
POUCE NOW (A company Ilmlted by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW Oplnio We have audited the financial statements of Police Now for the year ended 31 March 2024 which comprise the Consolidated Statement of Financial Activities, the Consolidated and Company Statement of Financial Position, the Consolidated Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparatlon is applicable law and United Kingdom Accounting Standards, includlng Financial Reporting Standard 102 The Financial Reporting Standard appllcable In the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion, th8 financlal statements.. glve a true and fair view of the slate of the group's and of the parent charitable company's affairs as at 31 March 2024 and of the group's and parent charitable company's net movement in funds, including the income and expendituré, for the year then ended: have been properly prepared in accordance with United Klngdom Generally Accepted Accounting Practlce,, and have be8n prepared In accordance with the requirements of the Companies Act 2008. Basls for oplnlon We conducted our audit in accordance vAth International Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our re5ponsibililies under those standards are further described in the Audilorfs responsibilities for the audit of the financial statements section of our report, We are independent of the group in accordance with the ethical requirements that are relevant lo our audlt of the financial statements in the UK. including the FRC'S Ethical Slandard, and we have fulfilled our other ethical responsibillties in accordance with these requirements. We belleve that the audit evidenc8 we have obtalned is sufficient and appropriate to provide a basls for our opinion, Concluslons relatlng to golng concern In audlting the financial statements, we have concluded that the Irustees, use of the going ¢onc8m basls of accounting In the preparatlon of the financlal statements Is appropriate. Based on the work we have performed, we have not identified any material uncertalntles relating to events or conditions that, indlvidually or collectively, may cast Significant doubt on the group's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authori5ed for Sssue. Our responsibilities and the responsibililies of the tfU5tees with raspect to golng concern are descrlbed in Ihe relevant sections of this report. Other Information The trustees are responsible for the other infoimalion. The olher information comprises the information includ&d In the Trustees, Annual Report. Our opinion on the financial statements does not cover the other infom)atlon and, except to the extent olhemise explicitly stated in our report, we do not express any form of assurance Gonclusion thereon, In connection wlth our audit of the f nancial statements, our responsibility is to read the other Information and, in doing so, considef whether the other information is materially inconsistent with the financial statements. or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencles or apparent material misstatements, we ar8 required to determine whether there is a material mlsstatemenl in the financial statements or a material misslatement 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 to report in this regard. Oplnions on other matters pres¢rlbed by the Companles Act 2006 In our opinion, based on the work undertaken in the course of the audit.. the infoimalion given in the Trustees, Annual Report {which includes the strategic report and the dlrectors, report prepared for the purposes of company law) for the financial year for which the financlal statements are prepared is consistent with the financial statements., and the strategic report and the directors, report included within the Trustees, Annual Report have been prepared In accordance with applicable legal requlrements. 13
POLICE NOW (A company Ilmlted by guarantee INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the group and the parent charitable company and its environment obtain8d in the course of the audit, we have not identified material misstatements in the Trustees, Annual Report (which Incorporates the strategic reFKJrt and the directors, report). We have nothlng to report in r8spect of the following matters in relation to which the Companies Act 2006 requires us lo report to you if, in our opinion: adequate accounting records have not been kept by the parent charitable company., or the parent charitable company financial statements are not in agreement with Ihe accounting records and returns., or certaln dlsclosures of trustees, remuneration speclfied by law are not made,. or we have not received all Ihe information and explanations we require for our audit Responslbllitles of trustees for the flnanclal statement5 As explalned more fully In Ihe trustees, responsibilities statement set out on page 11, the trustees (who are also the dlrectors of the charitable company for the purposes of Company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees delermlne is necessary lo enable the preparation of financlal statements th81 are free from material misstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are responsible for assessing the group's and the parent Gharilable company's abllily to continue as a going concern, discloslng. as applicable, matters related lo going conc8m and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but lo do so. Audltor's responslbllltles for the audll of the flnanclal statements Our objectives are lo obtain reasonable assurance aboul whether Ihe financial statements as a whole are free from materlal misstatement, whether due lo fraud or error. and lo issue an auditor's report that includes our oplnion. Reasonable assurance is a high level of assurance but is not a guarantee that an audil conducted in accordance with ISAS (UK) will always delect a material mlsstatement when it exists. Misstatements can arise from fraud 01 error and are considered material if, indivldually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financlal statements. Irregulariti8s, includlng fraud, are Inslances of non-compliance with laws and regulations. We desSgn procedures In Iln& with our r8sponsibillties, outlined above, to detect material misslatements In respect of Irregularities, Including fraud. The extent lo whlch our procedures are capable of detecting Irregularities. includlng fraud is detalled below: Based on our underslandlng of the group and the environment in which it operates, we identified that the prlncipal risks of non-compliance wilh laws and regulations related to charity and company law applicable in Eng18nd and Wales, and we considered the extent lo which non-compliance might have a material effect on the financial Statements. We also ¢onsldered those laws and regulations that have a direct Impact on the preparation of th8 financial statements such as the Companies Act 2006 and the Charities SORP. 14
POLICE NOW (A company limited by guarantee) INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF POLICE NOW We evaluated managemenys incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and detemiined that the principal risks were related to revenue recognilion, in particular in relation to recording income and charitable actNities in the correct accounting period and management override of controls. Audit procedures performed by the engagement team included.. Inspecting correspondence with regulators. Discussions with management including consideration of known or suspected instances of non-compliance with laws and regulation and fraud. Reviewing the controls and procedures of the charity relevant to the preparation of the financial statements 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 detect irregularities. Identifying and testing journals. and Challenging assumptions and judgements made by management in their critical accounting estimates. Because of the Inhent limitations of an audit. there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This rlsk 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 to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to 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 statements Is located on the Financial Reporting Council's website at.. www.frc.or .uklauditorsres sibilities. This description forms part of our audilorfs report. Use of our report This report is made solely to 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 state to the charitable company's members those matters we are required to stale lo them in an Auditorfs report and for no other purpose. To the fullest extenl permilled by law, we do not accept or assume responsibility to anyone other than the charitable Gompany and the charltable company's members. as a body, for our audit work, for this report. or for Ihe opinions we have formed. Lee Stokes (Senlor Statutory Audltor 10 Queen Street Place for and on behalf of Hay5Mac LLP, Statutory Audltor London EC4R 1AG 311212024 Date: ... 15
POLICE NOW (A company limited by guarantee CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (Incorporating the Group Income and Expenditure Account) for the year ended 31 March 2024 Unrestrlcted funds Notes Total 2024 Total 2023 Income from: Donations, grants and legacies Charitable activities Investments other income 5,103,000 5,316.172 47,845 7,000,000 5,611.280 139 3,310 Total income 10,467,017 12,614,729 Expenditure on". Charitable activities recrultment training and leadership development 5,056,232 7,712,578 4,634,044 7,996,845 Total expendlture 12,768,810 12,630,889 Net expendlture I net movement in fund8 10 (2,301,793) (16,160) TOTAL FUNDS AT 1 APRIL 2023 10,807,983 10,824,143 TOTAL FUNDS AT 31 MARCH 2024 8,506,190 10,807.983 The consolldated statement of financial activities has been prepared on the basis that all income and expenditure derive from contlnuing activities. The notes on pages 20 to 30 form part of these financial statements. 16
POLICE NOW {A company Ilmited by guarantee) Company Registered Number 09922205 Charlty Registered Number 1168427 CONSOLIDATED STATEMENT OF FINANCIAL POSITION at 31 March 2024 2024 2023 Note FIXED ASSETS Tangible asset5 13 40.517 38,373 CURRENT ASSETS Debtor5 Cash at bank and in hand 14 2.756,948 11,418,638 2,232,170 11,434,260 14,173,586 13,666,430 CREDITORS: Amounts falllng due wlthln one year 15 (5,707,914) (2,896,820) NET CURRENT ASSETS 8,465,672 10,769,610 NET ASSETS 16 8,506,189 10.807,983 CHARITY FUNDS Unrestricted funds 8,506,189 10,807,983 TOTAL FUNDS 8.506,189 10,807,983 The financial statements were approved and authorised for issue by the board of Trustees on signed on its behalf by: and Slr lan Powell Trustee Victoria Tillbrook Trustee The notes on pages 20 to 30 form part of these financial statements. 17
POUCE NOW (A company limited by guarantee) Company Reglstered Number 09922205 Charity Reglstered Number 1168427 COMPANY STATEMENT OF FINANCIAL POSITION at 31 March 2024 2024 2023 Note FIXED ASSETS Tangible assets Investments 13 40,517 33,373 40.517 38,374 CURRENT ASSETS Debtors Cash al bank and in hand 14 2,756,949 11,416,638 2,232,189 11,434,260 14,173,587 13,688,429 CREDITORS: Amounts falllng due wlthln one year 15 (5,707,914) (2,896,820) NET CURRENT ASSETS 8,465,673 10,769,609 NET ASSETS 16 8,506,190 10,807,983 CHARITY FUNDS Unrestrlcted funds 8,506,190 10,807,983 TOTAL FUNDS 8.506,190 10,807,983 Police Now has taken advantage of the exemption under section 408 of the Companies Act 2006 and had not prepared a separate Statement of Financlal Acuvities for the charity. The financial statements were approved and authorised for issue by the board of Trustees on slgned on its behalf by.. and Sir lan Powell Trustee Ifictoria Tillbrook Trustee The notes on pages 2010 30 form part of these financial statements. 18
POLICE NOW (A company limlted by guarantee CONSOLIDATED STATEMENTOF CASH FLOWS for the year ended 31 March 2024 2024 2023 Note Net cash provlded byl(used In) operatlng actlvlties (36,810) 962,510 Cash flows from Investlng actlvilles: Interest from investments Purchase of tangible fixed assets 47,845 (28,657) 139 (33,3301 Net cash provlded byllused In) Investlng actlvltles 19,188 (33,191) Change in cash and cash equivalents in the reporting period <17,622) 929,319 Cash and cash equivalents at the beglnnlng of the year 11,434,280 10,504,941 Cash and cash equivalents at the end of the year 11,416,638 11,434,260 A: Reconclllatlon of net movement In funds to net cash flow from operating actlvltles 2024 2023 Net expendSture Depreciation charge Interest from Investments (Increase)Idecrease in debtors Increasel{decrease) in creditors (2,301,793) 26,513 {47,845) (524,779) 2,811,094 (16,160) 17.017 (1391 1,497,418 (535,6261 Net cash used In operatlng actlvStSes (36,810) 962,510 B: Analysls of changes In net debt At31 March Cash flows 2023 At31 March 2024 Cash 11,434,260 (17,622) 11,416,638 19
POUCE NOW (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 GENERAL INFORMATION Police Now is a charitable company limited by guarantee, incorporated on the 18 December 2014 and reglster8d in the United Kingdom under the Companies Act 2006 and Charities Act 2011 (company no. 09922205, Charity no. 1168427). The address of the registered office is given within the Reference and Administrative Details page. The company Is a charitable company limited by guarantee. The members of the company are the Truslees named on page 1. In Ihe event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member of the company. The natura of the company's operations and its principal activities are set out in the Trustees, Report on pag8 1. ACCOUNTING POLICIES 2.1 Basls of preparatlon of flnancial statements The financial statements have been prepared in accordance with Accounting and Reporting by Charilles.- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclive 1 January 20191- Icharltles SORP 2nd editlon {FRS 102)), the Financial Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102). the Companies Act 2006 and the Charities Act 2011. Pollce Now rneels the definition of a public benefit entity under FRS 102: The financial statements are presented In pounds sterllng (GBPI, being the funcllonal currency of the group. and are rounded lo the nearest pound. Assets and liabilities are inltially recognised at historical cost or transaction value unless Othe¢Se stated In the relevant accounllng policy. The accounting policies have been applied consistently throughout the financlal 5talemenl8 in both the current year and the prior year. The preparallon of financial statements in compliance with FRS 102 requires the use of certain critical accounting estlmates. It also requlres managementto exercisejudgement in applying the Charity's accounting policies. These are detailed in note 3. The following accountSng policies have been applied: 2.2 Basis of consolldatlon The Statement of Financial Actlvities (SOFA) and Statement of Flnanclal Position consolidate the financlal statements of the company and ils subsidiary undertaking. The results of the subsidiary are consolidated on a line-by-llne basis. No separate SOFA has been presented for the company alone as permilted by sectlon 408 ofthe Companies Act 2006. 2.3 Charitable parent company disclosure exemptions In preparing the separate financial stalemenls of the charitable parent company, advantage has been taken of Ihe following disclosure exemptions available to qualifying entities- No cash flow statement or net debt recon¢illation has been presented for the charitable parent Gompany., and No disclosure 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
POUCE NOW (A company limlted by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 2.4 Going concern Th8 Trustees reviewed Police Now's accounts in August 2024. as part of their regular assessmenl, as well as its principal risks, financial and otherwise. At that time. they were satisfied that there is no tnaterial uncertainty Ihat would cast doubt on the charity's ability to continue as a going concern. Police Now has suff icient resources to conlSnue operating for the foreseeable future and accounts have been prepared in the knowledge that Police Now is a financially viable organisation. The effect of uncertainties including force demand, Homa Office funding and cost changes has been assessed by the Truslees. reviewing Police Now's ongoing activity. its forecasts, and risks to ensure the organisalion remains financially viable. With regards lo the next 12 months. the most significanl area to be monitored closely by the direclors is securing Home Office funding for 2025126 and Confirming contracts with Police Forces for 2025 NGLP programme. The Truste85 will continue to monltor this closely. As Pollce Now receives Home Office funding and Pollce Force Fees In advance of programme delivery, Police Now has sufficient reserves to deliver contractual obligations and the Trustees therefore Gonclude there Ss no material uncertainty to going concern. An updated financial forecast was prepared in November 2024 to assess the impact of change8 in force demand. The Trustees have a reasonable expectatlon that Pollce Now has adequate resources to contlnue In operatlonal existence for the foreseeable future. The entity therefore continues to adopt the going concern basis in preparing its flnanclal slatemenls. 2.5 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of th8 g8neral objectives of the company and which have not been designated for other purp0888. Restricted funds are donations received, or income arising there from, which are spe¢ifiG for the purpose set out by the donor. The cost of administering such funds is charged against the specific fund. 21
POLICE NOW (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 2.6 Income All income is recognised once the company has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Grants from governments and other agencies which are awarded in respect of core funding are included as incorne from donations in the period in which they are received and receivable, unless any performance related conditions are attached to the grant. Income from charitable activities relates to fees received from police forces for providlng graduate recruitment and trainlng programme8. Donated services or facilities are recognised when the company has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the company of the item is probab16 and that economic benefit can be measured reliably. General volunteer lime is not reGogni5ed. On receipt, donated professional services and donated facilities are recognised on the basls of the value of Ihe giftto the company, which is the amount the company would have been willlng to pay lo obtain servlces orfacllities of equivalent economic benefit on the open market,. a corresponding amount Is then recognised in expenditure In the period of receipt. 2.7 Exp8ndlture Expenditure is recognlsed once there is a legal or construclive obligation to transfer economic benefit to a third party, It Is probable that a transfer of economic benefits will be required in settlement and the amount of the obligatlon can be measured reliably. Expenditure is classified by activity. The cosls of each activity are made up of the total of dlrect costs and shared costs. including support costs involved In undertaklng each activity. Oirect costs attributable to a single activity are allocated directly to that activity. Shared costs whlch contrlbut6 to more than one actSvlty and support costs whlch are not attribulable to a single activity are apportioned between those acliviti8s on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime Spent, and depreciation charges allocated on the portlon of the asset's use, Support costs are those costs Incurred directly in support of expenditure on the objecls of the company. Governanc8 Costs are those Incurred In connection with administration of the company and compliance wllh constitullonal and slatulory requirements. Expendlture on ralsing funds are costs incurred in attracts'ng voluntary income, and those incurred In tradlng activities that raise funds. Charitable aclivlties and governance costs are costs incurred on the company's educational operatlons, InGludlng support ¢os15 and costs relating lo the governance of Ihe company apportioned to charitable aclivilies. 2.8 1 nterest reGeivable Interest on funds held on deposit is included when receivable and the amount can be measured rellably by the company: this Is normally UFX)n notification of the interest paid or payable by the Bank. 2.9 Penslons Police Now operates a defined contributlon pension scheme for its employees. A defined contribution plan Is a pension plan under which the Charity pays fixed contributions into a separate entity. Once the contributions have been pald the company has no fijrther payment obligations. The contributions are recognised as an expense in the consolidated stalement of financial activities when they fall due. Amounls not paid are shown in accruals as a Ilability In the balance sheet. The assets of the plan are held separately from the Charity in indepandently administered funds. 22
POLICE NOW (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 2.10 Operatlng leases Rents payable under operating leases are charged to the Statement of Financial Activitles as incurred over the lease lefm. 2.11 Tanglble flxed assets and depre¢Satlon All assets costing more than £1,000 are capitalised. A review for impairment of a fixed asset is carried oul if events or changes in circumstances Indlcate that the carrying value of any fixed asset may nol be recoverable. Shortfalls beeen the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment tosses are recognlsed In the Statement of Financial Activities. Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciallon is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value. over their expected useful lives on the following bases: Fixtures and fittings Office equipment Soare 20•k slraight line 200A stralght tine 330A straight line 2.12 Investment In subsldlarles The investment in the trading subsldiary is stat8d at C05t. 2.13 Debtors Debtors are recogn15ed initially at fair value. Subsequent to initlal recognition they are measured at amortised cosl uslng the effective Interest method, less any Smpalrment tosses, 2.14 Cash at bank and In hand Cash and cash equivalents consist of cash on hand and balances with banks, and investments in money markel instruments which are readily convertible, being those wilh original maturities of three months or less. 2.15 Credltors Creditors are recognised inltlalSy al fair value. Subsequent to initial recognition they are measur8d at amortised cost using Ihe effective interest method. 2.16 Flnanclal Instruments The company only has financlal assets and finanGial liabilities of a kind that qualify as basic financial instruments. Basic flnancial instruments are initially recognised at Ifansaclion value and subsequently measured al their settlement value with the exception of bank loans which are subsequently measured at amortised cost Using the effective interest method. 2.17 Distrlbuted profits under glft ald Taxable profits transferred lo Ihe parent entity. Police Now, a registered charlty, are recognised as distributions from the subsidiary, Police Now Enlerprises, when the company has made an iirevocable commitment to the parent to pay the taxable profils that is, in the year in which the final amounts are agreed, communicated and Subsequently paid to the parent. 23
POLICE NOW (A company limltèd by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 Critical accounting estlmates and areas ofjudgement In preparing Ihe financial stalemenls, management is requlred to make estimates and assumptions which affect reported income, expenses, assets. liabilities and disclosure of contingent assets and liabilities. Use of available information and applicalion of judgements are inherent in the formation of estimates, together wlth past experience and expectations of fulure events that are believed to be reasonable under the clrcumstances. Actual results in the future could differ from such estimates. Management do not consider there to b8 any material accounting estimales or judgements that need disclosure in these flnancial statements. INCOME FROM DONATIONS, GRANTS, AND LEGACIES 2024 2023 Grants Legacies 5,000,000 7,000,000 103,000 5,103,000 7,000,000 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Police Force Fees 5,318.172 5,811,280 INVESTMENT INCOME 2024 2023 Interest receivable 47,845 139 OTHER INCOME 2024 2023 Management charge 3,310 The management charge was income received by Police Now Enlerprises from Pollce Now for seNices rendered. As Police Now Enterprises was domiant throughout 2023124 there is no corresponding charge in these accounts for the current period. 24
POLICE NOW (A company limited by guarantee NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Support Costs Staff costs Dlrect costs 2024 2023 Programm8 recruitment Programme training and leadership develcpment 1.416.470 2,321.191 1.318.571 5,056,232 4,634,044 2,554.948 2,883,365 2.274.265 7,712,578 7,996,845 3,971,418 5,204,556 3,592,836 12,788,810 12,630,889 Dlrect costs Support costs staff costs 2023 Programme recruitment Programme Iraining and leadership developm8nt 1.176,779 2,122,397 1.334,888 4,634,044 2,416,408 3,276,081 2,302,376 7,996,845 3,593,187 5,400,458 3,637,244 12,630,889 ANALYSIS OF SUPPORT COSTS 2024 2023 Wages and salaries Tralnlng Rent IT and telecom cost5 Other office costs Depreciation and amortisatlon Consultancy Legal and tax fees ReGwitment Governanc8 Olher support Costs 2.401,950 2,308,619 25,297 46,952 419,675 420,000 153,407 163,275 30,502 43,338 23,066 16,833 99,494 132,885 38,545 9,287 25,039 96,915 24,205 23,527 351,656 375,613 3,592,836 3,637,244 Governance costs conslst of the following.. Auditors, remuneration for audit other auditor costs Legal and professlonal 17,900 3,500 2,805 16,300 4,850 2,377 24,205 23,527 25
POLICE NOW (A company Ilmited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 10. NET MOVEMENT IN FUNDS 2024 2023 This Is slated after charging= Audltors, remuneration,. audil Auditors, remuneration.. non-audil fees Depreciation 17,900 3,500 23,066 16,300 4,850 16,833 11. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other p&nsion costs 5,466,054 5,048,032 592,797 561,640 314,517 292,134 6.373,368 5,901,806 The average monthly number of employees during the period for the group was as follows.. 2024 Number 2023 Number Employees 115 117 The number of employees whose remuneration for the year fell within the following bands was: 2024 Number 2023 Number £60,00010 £69,999 £70,000 to £79,999 £80,00010 £89,999 £90,000 to £99,999 £100,00010 £109,999 £110,000 to £119,999 £120,000 to £129,999 £130.000 to £139,999 Tolal remunerallon of key management personnel £597,703 £532,847 No remuneration was pald during Ihe period to any member of the Board of Trustees (2023: £Nil). No trustees, expenses have been incurred (2023: none). 26
POUCE NOW (A company limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 12. NET INCOME FROM TRADING ACTIVITIES OF SUBSIDIARY Subsidiary name Company registration number Basis of control Equity shareholding % Police Now Enterprises Llmited 09922465 Ordinary shares 100% 2024 2023 Turnover Admlnistrative exp8nditure 3,310 (3,310) Profit on ordlnary activities after taxation Profil distributlon to parent charity Total assets as al 31 March Reserves The subsidiary company was dissolved on 11 June 2024. 13. TANGIBLE FIXED ASSETS Group IT equipment and software Flxtures and Offlce flttlngs equlpment Total Cost: Al 1 April 2023 Additlons 20,452 55,820 129.301 28,657 205,573 28,657 At 31 March 2024 20,452 55.820 157,958 234,230 Depreclatlon.. At 1 Aprll 2023 Charge for Ihe year 20,452 55,820 90,928 167,200 At 31 March 2024 20,452 55,820 117,441 193,713 Net book value: At 31 March 2024 40,517 40,517 Al 1 April 2023 38,373 38,373 27
POLICE NOW IA company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 13. TANGIBLE FIXED ASSETS (cont) Company IT equipment and software Flxtures and Offlce flttlngs equlpment Total Cost: At 1 April 2023 Additions 20,452 55,820 90,361 166,633 Al 31 March 2024 20,452 55,820 119,018 195,290 Depreciatlon: At 1 Aprll 2023 Charg8 for the year 20,452 55.820 51,988 128,260 At 31 March 2024 20,452 55,820 78,501 154,773 Net book value: Al 31 March 2024 40,517 40,517 At 1 April 2023 38,373 38,373 14. DEBTORS Group 2024 Company 2024 2023 2023 Trade debtors Other debtors Prepayments and accrued income 2,433,374 73,223 1.420.187 71,145 2,433,374 73,222 1,420,187 71,144 250,352 740.838 250,352 740,838 2,756,949 2,232,170 2,756,948 2,232,169 28
POLICE NOW (A company limited by guarantse) NOTES TO THE FINANCIAL STATEMENTS For th8 year ended 31 March 2024 CREDITORS: amounts falling due 15. wlthln one ygar Group Company 2024 2023 2024 2023 Trade creditors other taxes and soci81 security VAT payable other credltors Accruals and deferred income 1.126,890 362,144 149,899 158,017 733,652 43,989 84,667 70.940 3.612,806 2,261.730 1,126,890 382,144 149,899 158,017 733,652 43,989 84,667 70,940 3,812,808 2,261,730 5,707,914 2,896,820 5,707,914 2,8g6,820 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS Total 2024 Total 2023 Group Fixed assels Current assets Currenl liabilities 40,517 38,373 14,173,587 13,666,430 (5,707,914) {2,896,820) 8,506,190 10,807,983 Company Fixed assets Current assets Current liabilities 40,517 38,374 14.173,586 13,666,429 (5,707,914) (2,896,820) 8,506,189 10,807,983 29
POLICE NOW (A company Ilmlted by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 March 2024 17. Flnanclal commltments At 31 March 2024 the group and the Charity had comrnÉtments to make future minimum lease paymenls under non-cancellable operating leases as follows: Land & bulldlngs 2024 2023 Not later than one year Between one and five years 421,260 3,780 421,260 425,040 425,040 846,300 18. Related party transactlons 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 S8rvice. Loulsa Rolfe is an Assislant Commissioner in th8 Metropolitan Police Service. Rhammel Affllck Is a Special Sergeant in the Metropolltan Police Service. Lara Tyrell-Moor8 r88igned on 17 August 2023 and is a Detective Constable in Devon and Cornwall Police. Amella Tanner appointed 17 August 2023 and rasigned 15 March 2024 was a Detective Inspector in Thames Valley Police. She is currently on a two-year secondment to Police Now as Head of the National Detecllve Programme. During the year the Charlty received glft aid of £Nil {2023.' £NII) from ils wholly owned subsidiary, Police Now EnlerprSses Limited. At the year end the Charity was owed £Nil12023'. £Nil) by Pollce Now Enterprises Ilmlted. Pollce Now Enterprises Limited was formally dissolved on 11 June 2024. 30