Registered numb6r.' 09922205 Charity number: 1168427 POLICE NOW (A Company Llmitsd by Guaranteel TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 'AEG9TY8Y* 2811112025 COMPANIES HOUSE
POLICE NOW IA Company Limited by Guaranteel CONTENTS Page Reference and Adminlstrative Details of the Company J its Trustees and Advlsers Trustees, Report Independent Auditors Report Statement of Financial Activities 2-13 14-17 18 Statement of Flnanclal Posltlon 19 Statement ol Cash Flows 20 Notes lo the Flnancial Stat•ment8
POLICE NOW (A Company Llmlted by Guarantée) REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trustees Sir I C Powell R E 8 Aff1ick (resigned 1 April 2025) S Awan (appointed 27 February 2025) H E Ball QPM J E Bowler CB J C Clegg {resigned 28 November 2024) M I Cooper DLCFry J Hogg {appointed 28 November 2024) C H Kinsella L H Rolfe V S H Tillbrook J Y Y Tsim (resigned 29 May 2025) Lord Wtjolley of Woodford C8E Company reglstered number 09922205 Charlty reglstered numbèr 1168427 Reglstared offlce 203 Blackfrlars Road London SE18NJ Secretary K Ha115day Independent audltors Haysmac LLP 10 Queen StTeel Place London EC4R 'IAG Bankern B8rclays Bank PLC 93-97 Queensway London W24QG Solicitors Mills & Reeves LLP Botanic House 100 Hills Road Cambridge C82 IPH
POLICE NOW (A Company Llmlted by Guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees, who are also Directors for the purpose of Company Law, pres8nl their annu81 report together with the audited financial statements for the year ended 31 March 2025. The Trustees confirm that the Annual Report and flnancial slalemenls of the company comply wllh the current slatulory requirements. the requirements of the company's governing document and the provisions of the Statement ol Re¢ommended Pracllce (SORP, 2nd edition), applicable lo charilles preparing their accounts in accordan with the Financlal Reporting Standard applicable in the UK and Republlc of Ireland (FRS 1021 (8ffectlve 1 January 2019). OBJECTIVES AND ACTIVITIES Policè Now's misslon is to Iransforrn communities, reduce crime and anti-social behaviour, and Increase th8 public's confidence in the police service by fecruiling, developing and inspiring oulslanding and diverse leaders in society and on the pollcing frontline. This allgns with the original governing documents of lh8 charity Pollce Now was created by Ihose who belleve that ther8 Is value for Ihe pollce Service and the communitles that pollcing serves lo recruiting, training, and developing pollc8 officers in ways that differ Irom traditional approaches. With the support of the Melropolllan Pollce Servlce, The Mayo$ Offlce for Pollclng and Crlme, the Home Office and London Firsl {now BuslnessLDNI, a small number of constables, sergeants, and Inspectors created Police Now within the Metropolllan Pollce. The firgl cohort of slxly-nine programme partlcipants lolned Pollce Now's Nallonal Graduate Leadershlp Development Programme in July 2015 in London. In 2018, Police Now became an independent organisalion and charity. In 2019 Pollce Now launched the Nalional Del8clive Programme and in 2021 launched the Frontline Leadershlp Programme, Befften 2019 and 2023, Pollce Now played a key role In the delivery ofthe UK Government, Police Uplift Programme. Most recenuy, the organisation has worked to apply Ils programmes and learning to ¥arious specialist pollce acliville5. Durlng th8 2024125 ffinanclal year, 196 partlcipanls lolned the tenth cohort of the Nallonal Graduate Lèadershlp Programme. and 148 participanls joined the sixlh cohort of the National Detective Programme, which includ@d 61 ofticers joining Pollce Now's Counter T8rrorlsm Pollclng stream and 12 officers joining Pollce Now's Economlc Crlme strearn. By 31 Marth 2025, 38 of the 43 terrltorial police forces In England end Wales had partnered wlth Poli¢8 Now to recruit and develop almost 3.500 police officers across England and Wales. 58% of which had never considpred a career in polic4ng before hoaring aboul Police Now2 Police Now strlves to achleve Its objectives through the five programme aim$: 1. Recrult and relaln brllll8nt and diverse gr8dual8s Into impactful policing roles. 2. Ensure that any police officer trained andlor developed by Police Now is operationally competent (excellent) and credible, includlng new and emerging pollcing skills aiKI to respond to the changing nature of crlme and policing demand. 3. In line with Police Now's theory of change, equip programme parliclpants to be role models of procedural Jusllce on the street and organisallonal justice In Ihe police station,. be leaders with and wilhoul rank,. and lo feel part of a naticnal network of impact and achievement. 4. Enable programme partlclpanls lo reduce crima and anti-soclal behavlour and Increase public ¢onlidence In policlng and wider public service. S. Cause prc4Jramme partlcipanls and alumni to be promoted lo more senior roles in pollclng and adjacent sector8. I pra Mow ArtJde3 of A$g¢¢lallon 3.1 The otixl ol Ihw Chjrfly Is lo promoie Iho •ffidw d lh¢ Pc*•, In p4rtkul4r ty Ihts op•¥8Uon ol 4 oiffjdua recndlmeol end rang pr¢xyammg lo recrull a hlohealii¥e ol pth¢8 offrters lo pc&e I0e$ acrosa lh¢Uted rd0ThL l msU1 ¥4a parfklwl sw¥uy¥ IwP•ht• Nu•cDhcrftJ14r99a 012025eohTh181.. W•rn p14nfilTh91o th8 pslce bqloro yw h•wd •boui Pdlc• NDw7
POLICÉ NOW IA Company Llmlted by Guaranlee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 OBJECTIVES AND ACTIVITIES (contlnuedl Through these core mission activities and strategic enablers, Police Now aims lo achleve a suslain8d. long-lerm reduction in crfme and antl-social behawour, a sustained, long-lem Increase in the public's confidence in policlng. and a sustained, long-lerm Improvement In pollc8 cullure judged 8gainsl the expectations and standards of the public and policing workforce. This will ultimately ensure a safe environment where everyone, including the most vulneiable in a society, has 8 chance to Ihrive. Police Now clearly fils wlthin Ihe definillons in the Charlly Commission's guidance on public benefitj During the year. Police Now has engaged In several actlvities lo achievè Its stated aims and objectives, 8pecific811y.' Secured funding agreements to contribule to the National Graduate Leadership Programme and the National D8leclive Programme in 2025126. RecruSted and commenced training foi 344 participants across the National Graduate Leadership Programme and the Nallonal Detecllve Programme, Plloled a new Economic Crlme stream within Ihe Nalional Deteciives Programme for City of London Police. Built on the success of the inillal pllol, the Counter Terroilsm policing stream has been extended lo encompass broader regional footprlnt. The Frontline Leadershlp Programme saw the last cohort complete the programme In June 2024. Pollce Now made the difficult declslon to end this programme, for financial reasons. however its success, Wlth 273 promotions (lo Octaber 20251, is 18slament to thè contrlbullon Police Now makes to creatlng brilllant leaders In the pollGlng seclor. Of those, 199/0 are ethnic minority heritage. Police Now does not engage In grant-maklng a¢livily. Volunt The Trustees are all unpaid valunleers who provide Ihelr Ilme, expertise. and judgement without payment. Police Now Is enormously grateful for their contrlbutlon. Apart from the Board, the day-l¢>day operation ol Pollce Now is not rellant on volunleers to function and is run by paid profes51onal staff, and a small number of police officers and police staff Irorn time-lo.tlme se¢ond8d to the organlsatlon to ensure its aclivllles remaln both culllng edge and rooted In the operational realily of fronuine policing ? The wrpos• Is Y>anoal... In 4 way thai IB W6fiaWg ar wble dtlft9 proved by e4ldarM wlwre nKessBrf and Yh¢ pu¥k In 98nèral, or • ¥thld•nt Jhjn DI IM publrf pornon benetll orc•Ing ehami.
POLICE NOW IA Company Llmlted by Guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 08JECTIVES ANO ACTIVITIES Icontlnued) Fundraisin 11 Is crltlcally Important that Police Now conlinues to be innovatlve and agile In dev61oplng nol only new programmes but innovative approaches to exisllng prcblems, Including but not limited to those involving and affecting the police workforce, and responding lo th8 needs of pollcing and the public. As such. Pollce Now does not acllvely pursue a strategy of ILtndraising from corporate bodies, Indivlduals or foundations. The primary source of fUndIr 15 from fees received from Police Force5 for programme participants and grant income from Ihe Home Office. PolSce Now does not fundralse from m8mbers of Ihe publlc and has no short-lerrn amblllon to do so. Pollce Nows Board must approve any changes in Ihls strategy to ensure ongoing alignment with recognised standards. avold complalnts and protect the publlc includlng vulnerable people from unreasonably inlruslve or. perslstent fvndralslng approaches and undue pressures lo donate. To dale Pollce Now has received no fundralsing complaints ACHIEVEMENTS AND PERFORMANCE Durlng the year, Pollce Now mad8 signific8nl progress agalnsl key aims.. Impact on crlmo and an(l.soclal behavlour Police Now holds every participant lo account on behall of the communities they serve, assèssin9 them regularly on Ihe lrnpact Ihey dellver against the priorities of governmant, pollce forces. stakehold815 and Ihe publlc. In 2025, Pollce Now engaged an external consultancy flrm lo undertake an independent assessmenl of the organisalion's soclal value. Based on the factors assessed during the study, 11 Is suggested that Pollce Now effecllvely returns £13.77 of value lo society for every £1 of fundin9 received ailher directly from the Home Office or from partner forces. In November 2025 Police Nt)w published ils len-year Imp8cI report, A Decade of Transformation, lo $hcwcase the outcomes, achlevemenls and value delivered through its work. 11 clearly demonstrates the impact the charity makes lo forces. the Home Office and society. It can be viewed b£. PoliLe Nvw ol'liLefs are deployed in underiepresenled communities. where they are Credited wllh fosterlng trust, reducing crime, and bullding safer communilles. The programmes encourage officers to take on real responsibillly Irom day one. equipplng them wllh declsion-maklng skllls and leadershlp capabilllles. Increase the level ol dlversity wlthln policing Pollc8 Now Inspire and recruit hlgh-achievlng graduales Irom socially diverse backgrounds who place strong value on Ihe importance of diversity and incluslon in the workplace, increaslng policing's abillty to tathle ra¢lsm, sexism. blas, or dlscrimination wherever11 Is found. Of those who started the National Graduate Leadership Programme in 2024125, 45% identlfled as female, 30% are from ethnic minority b4ckgrounds (compared with 18V• ethnic mlnorilies repre8enling the national population4 and of national Police workforce ), includlng 10% from Black heritage backgrounds. 15% were from Ihe LGBTQIA+ community. Of those who started the National Oeleclive Programme in 2025. 67% identified as female, 16•h are from ethnl minority backgrounds. including 20h black hedlage. 19% were from the LGB TQIA+ communily. Some online ass6ssmenls, such as psychornelric le8ts, can cau58 adverse Impact, particularly on ethnic minority candidates. Police Now has worked wilh assessment consuttanls lo develop a blended assessmenl approaGh whlch minimi$e8 adverse impa¢t potential whilst all¢)wlng to approprlately assess Gandidales. Police Now has won more than 45 industry awards for diversity, recruitment and training and is ranked number 34 in the Times Top 100 graduate 6mploy8rs 2025. 'EnW•nO¥ndWW•¥ 2021 Pclatykl¢rtè. Enlllllrvlor 31 M4irh2026. onk*
POLICE NOW (A Company Llmlt•d by Guarantée) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 ACHIEVEMENTS ANO PERFORMANCE Icontlnued) Dovolop leaders to transform communities Police Now has plad offlcers In 36 pollce forces across England and Walès since 2015, creating a natlonal network of 81most 3,500 po1ic8 officers. The College of Policing runs a national development programme, Fast Track lo Inspector, whlch 8nables lalenled serving police conslables lo be promoted lo the rank ol Inspector within two years. Of the 2024 intake, 25OA were Pollce Now Graduatés. Police Now participants are oveNhelmingly allgned to Police Now's mission. with high allgnmenl in areas looklng the value of diversity in group8198%) o the belief in diverse leadership (97%) the belief that decisions should be based on facts, not personal preludlce {99%) o the belief that everyone should be treated with dignily and politeness (1 OOQ/o) belng a part of the movement to transform communilles and lead change wilhln pollclng (92%> Feedback from the Syndicate Leads at academy (police officers se¢onded from the forces) agreed that Pollce Now partlcipants galned a passlon for thelr pcllclng role and have a vlsion for the impact they want lo make, feel energised lo be conneGled lo the misslon on a national Sle and empowered lo shape Iha Process for themselves and their communitie5 and develop8d the behaviours within the Police Now.Differenlialion and Focus lo successfully meet the challenges and slarl lo develop leadership behaviours <100%). Innovative prngrammes responding ¢0 modern pollelng ehallenges Pollce Now ploneer8d dlrect-enlry delectlve traSnlng across England and Wales wlth Its Natlonal Del8Ctlve Programme in 2019, in response lo a well-publicised nallonal shortage of Investigators. It has now recrLilted and déveloped over 1,000 del8clives lo date. 73% of our slxth cohort of National Deleclive Pro9ramme partlcipanls passed the National Invesligalors, Exam 81 the first allempl, 18 % hlgher than the national average (June 2025), desplte havlng only len weeks, police servlce at the lime of taking the exam. The Counter Ter,-"risT, Policing ICTP) slream of Police No¥'i's deleclivA programme piloted in 2024 and coiitinued in 2025, Thanks lo ils success, the stream has now expanded to Include thè Wosl Midlands and North We31 règion8 for the first tlme. A brand.new economic crlme slream was introduced in 2025, which sees officer$ specialise in investlgallng fraud and other economi¢ crim8, which amounts to almost half of all recorded crlme In the UK, wllh crlminals often preying on the most vulnerable. The stream piloled In the City of London Police, the national lead for this speciallst area of policing, wlth 12 new offi'cers. The Pollce Now programmes have now been developed wilhin the Police Constable Entry Programme (PCEP) framework and ils deteclive equivalenl. P8rticipants already reach Ihe Ironl line faster than any olher entry and Iralning route, and the new pathways present an opportunlty lo allow them even more Ilme in their communltles and 188ms. The removal of the requlrement for Police Now programme participants lo study for a secand degree (as all participants are degree holders at the polnt of hire) durlng their first Iwo years as a police officer, reduces the ¢omplexlty of the programme, abstracllon from the fronlllne and offior workload, giving a better balance for parlicipants and lowering programme exlenslons numbers. IAq4wnd trylrytqd Synak• L•don pMgMff•n•fAhort•
POLICE NOW
{A Company Llmlted by Guarantee)
TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026
ACHIEVEMENTS AND PERFORMANCE (contlnuedl
Expand our prnfesslonal d•v0Pment opportunlties at seryeanl rank
Our academles provlde a Iran81ormative 18adershlp experlenc8 for seconded officers {Str8am Managers and
Syndlcale Leads) who now complete a more in-depth and robust training programme before the academy to
prepare them effecllvely for Ihelr roles. We encourage Pollc8 Now alumnl lo apply for these Toles as well as non-
Police Now alumni.
Our Connecllon for Llfe offer has been developed lo support Pollce Now alumnl and ambassadors at constable and
sergeanl ranks to progress lo Sergeant or Inspector ranks, particularfy thr¢)ugh promotion support and Fasl Track
5UPPQrt.
In June 2024, Police Now celebrated its 2001h Fronlline Leadership Programme participant to pass their sergeant
board. 540h of the promollons achleved by our FLP particlpanls identified as fèmale, compared wlh 39./0 of 2024125
promotions lo Sergeant nationally. and 19% were Offers from an ethnic minority background, compared to 12Q
nationally
FINANCIAL REVIEW
Income
During the last financlal year, Police Now generated incoma from two sources- £5,918,486 (2024., £5,316,172) from
police force partners and £5,000,000 {2024'. £5.000,000) from the.Home Office.
endllure
Our expenditure for the last year of £11,627,42012024'. £12,768,810) dlvid8s Into £11,627,420 {2024.' £12,768,810) on
charitable aclivilles and £Nil (2024.. £NIII on raising funds. The £11,627,420 was consllluted by £4.317,817 12024..
£5,056,232) on programme recruilmenl and the remaining £7,309,60312024'. £7.712,578) was spent on programme
training and leadership development. In thls period, £6.155, 872 (2024.. £6,373, 3681 was spent on staff cosls (salaries,
Social secui'ily, pension cosls of all lull-lime ana temporary slarf). Police Now has enrolle¢ slaff in a define
POLICE NOW IA Company Llmlt•d by Guarant•g) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW {contlnued) 8a8ed on the lalesl risk reglster, the following six risks have been idenlilled, based on severily, for regular SLT and Board atlenlion Rlsk of flnancial instabillly arising from the charily's reliance on funding from the Home Offlce or Police forces. Any changes in government policy, budget allocations, or priorities Wlthin these bodles could lead to a reducbon or withdrawal offinancial supwrt. Face to face engagement Is malnlained as muGh as is needed to build relationships with forces, including investment of executive leadership lime to build and strengthen senlor force relationshlps. Pollce Now continues lo have a posillve and professlonal relalionshlp with the Home Olfice, the National Police Chief s Council, College of Policing and key policlng stakeholders based on its slrong delivery record, includlng monthly grant-managemenl meelings with Home Office civil servants. Risk ol dala breaches, cyberattacks, or system failures that could compromise the charity's IT Infrastructure and sensitiv8 Information, Including donor data and employee records. Such incldenls could lead lo flnanclal losses, reF)u181ional damag8, legal penalties for non-compliance with data protection laws, and disruption of services. Pollce Now contlnues lo strengthen cybersecurlly, keeping systems updated, and ensuring Compllance with data protection laws. Police Now is Cyb8r Essentials Plus accrediled. Risk of repulalional damage or loss of public trust due to ineffective communication, misinformalicn, or failure to manage sensillve Issues Involving participant8, partlcularly pollce offlcers. Any negallve Incld8nls or allegatlons regarding pollce conduct during charlly actlvllles could lead lo media scrutiny, Social medla backlash, or misunderslandlngs that damage Ihe charily's credibility. mi3communicalion with Stakeholders, donors, or the public may further harm relalionships and trust. To milSgale reputational risk, we have implemented Clear communicalion slrategles, a crlsis plan, and medla tralnlng. By managing sensitive issues proactlvely, especially regarding police conduct. we can protect the charity's credibility, Irusl, and relallonships wlth stakeholders, funding, and partnerships. Risk of employment dispules, grlevances, and claims broughl before èmployment tribunals, includlng Issues like Iinfaif dismissal, discrimination. or breaches of contract, SLich clalm5 Gould resull In financial penallles, legal c051s, repulalional damage, and decreased employee morale. To mlligale the risk of employment disputes, Poltce Now ensures compliance with laws, provides regular training, and maintain8 clear grievance procedure8. Early conllicl resolution, legal support. and fosterlng a positive work environment mlnimises the likelihood of dlspules and reduce potential flnancial and repulalional impacls. Lack ol diversity of Board, Headquarters and Senior Leadership Team - A ranewed ED&1 Commlttee is bfinglng energy and fresh ideas lo thls space. PNHQ recruitment processes have been overhauled to 8n$ure suffl¢l8nt diversity at all levels, including job packs, referrals. reducing unconsclous bias and adverse impact, a range of staff meetlng candldates, and 'pauses' built in where pipelines are Insufflcienlly dlvers8 to provide opportunlty for rectification. Fallure to secure sufficient Candldatè numbers lo meel force demand Intervention approaches belng Investigaled to miligale the risk of higher allrition rate8 across all graduate employers. Police Now continues to invesl in impactful employer brand activities such as Tlmes Top 100 Graduate Employers. Force contracts Incorporate defined ranges to allow flexibility around the number of actual recrults.
POLICE NOW (A Company Llmlted by Guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 FINANCIAL REVIEW (contlnued The below rlsk has been downgraded to amber followlng numerous academies with excellent Syndicate Leads., however, il remains on the register as a risk for regular SLT and Board altenlion Syndic81e Lead quallty. experience and motlvalion do not conslslently meet the standard required A review ol the syndlcate lead role and recrultmenl prucess recently occurred lo further improve Syndicate Lead capabilily. A new job pack increased clarity around the requirements and deliverables of the role and a new interview script dèsigned to focus more on mission alignment. culture and other requlred competencios was introduced. The recrullment process Is now allgned lo the College of Policing Competency and Values Framework lo support with understanding of Ihe process and to map to the sergeant promotion processes. A one-day Syndicate Lead Indu¢llon Is now In place lo Introduce the role, expectations and a¢ademy environment. A three-week Syndicate Lead Course {SLC) before the academy btlngs all Syndlcale Leads to a minimum standard regarding leaching and line m8nagemenl support. Reserves As of 31 March 2025, Pollce Now had consolldaled lunds of £7,977,965 (2024.. £8,506,190) of which £31,314 (2024: £40,517} of funds can only be reali5ed by dlsposing of tangible fixed assels. No funds were reslricled or designated, The Trustees review the reserve policy annually and the level of reserves are reviewed quarterly as part of regular finan¢lal reportlng. The level of reserves musl be sufficlent to deliver the full programme(s) and assoclated acllvlties commllted to across multiple financial years. Thls is rneasured by a wind-down model which is prepared in conjuncllon with the annual budget and any subsequent reforecasl. The tsrget level of reserves requlred Is £7.8m. The reserves at 3111 March 202S are above this level al £8.Om which the Board deem adequate bul not exce851ve. Goln concern The Trustees reviewed Pollce NOWS account8 In November 2025, 88 part of Ih8ir regular assessnt. as well a8 Its prlnapal risks, financial and otherwise. Al Ihal lime, they were satlsfl&d that Ihere Is no material Lincertainly that WOLild cast doubl on the charity's ability lo continue as a going concern. Police Now ha5 sufficlent resources lo continue operating for the foreseeable future and accounts have been prepared in the knowledge Ihat Police Now is a financially vlable organisallon. The Trustees have assessed the effect of uncertalntles Including force demand, government lunding and cost changes. R8viewing Police No5 ongolng aclivity, its forecasts, and iisks to 8nsuTe the organisation remains finandally viable. With regards to the next 12 months, the mosl slgnificanl area lo be monltored closely by the Trustees Is securing gov8rnment funding for 2026127 and securing contracts with police lorcas for the 2027 Nats'onal Graduate Progr8mme. Contracts lor the 2026 Natlonal Gradual8 Programme are already confirmed. The Trustees wlll contlnue to monitor thls closely. As Police Now reCeve$ Home Office funding and Police Force Fees in advance of programme delivery, Police Now has suffident reserves lo deliver Gonlractual obllgations and the Trustees therefore conGlud8 there is no material uncertalnty to golng concem. An upjated finanual forecast was prepared in November 2025 to assess the Impact of changes In force demand. The Truslees have 8 reasonable expectation th81 Police Now has adequate resources to continue in operational exlslence for the foreseeable future. The enllty therefore conlinues to adopt the golng concern basis in preparing ils financial statements.
POLICE NOW (A Company Limlted by Guaranlee) TRUSTEE'S REPORT FOR THE YEAR ENOED 31 MARCH 2026 PLANS FOR THE FUTURE PERIODS In the yèar 2024125 we continued to see challenges In the policing sector which Induded funding reduction, leadership conlroversles, rl$lng demand from complex crlmes, and critlcal a55e5smenls of forc8 performance. These developments shaped public irust. operatlonal capacity, and slraleglc prioritles across England and Wales. Speclflcally, the Metropolilan Pollce announced it would Cut 2.300 offlcer8 and 400 pollce staff due to a £450 million l)udgel shortfall. The change in UKgovernment hascreated uncertainly in the policing sector with unknown impacts to fLinding Influencing rM)lice force decislons. It may also Impact government fundlng levels for grant-receiving organisalions stjch as Pollce Now. We are in regular contact with Ihe Home Office, National Pollce Chief's Council, College of Policing and police forces lo help navigate thls continulng perlod ol uncertainly. To dale, Pollce Now remains gr81eful to all these funders. partners and stakeholders lor their ongoing encouragement and positivily in a Gomplex environment. Tha contlnued negaliva medla attenllon on pollclng and related Incldences. appears to be correlated lo Iha candidate plpelines and altrSllon rates ol candldates for the Police Now recruitment programmes thIn the graduate and career- Changer markets. Police Now has increased ils candldale pipelines and invested in posilive acllon lo mltigata this rlsk, particularly with candidates from underrepresented groups, However, this has come al a financial cost. Five years ago. plpelin8 allrllion stood at an average of 25 %,' in 2024125 51 was circa 55%, down modestly fFom a peak of62% In 2022123, But the cost ol recruiling 18lent8d and diverse graduates Into pollclng18 hlgher than It was. For Pollce Now lo thrive wllhln this shifting envlronmenl, It Is essential that we set out clearly lo the police servlc8, Indivldual poll¢e forces, 8nd wlder stakeholders the unlque beneflls whlch Police Now can provlde. It Is our bell8f, based on our experien¢e operating within this sector over the last ten years and based upon a wide range of feedback we have oblalned more recently, that our response shoulrj be based on a renewed locus on the strategy of quallty and dlfferantlatlon as the key means of athieving Pollce Nows mission. From 2025126 Police Now has made the declslon to comblne Ihe Programmes, creating one single National Gradualg Piogramme. which will have multiple specialisms, including Neighbourhood officers, Delectives, Counter Terrorism dele¢llves and Economlc Crlme deleclives. Pollce Now therefore Intends lo recruit and traln -300.400 new officers per year, subject to continued funding. Thls Is based on balancing the difference that Police Now brlngs to pollce recrultmenl and training ivilh Ilic need ol police forces lo maintain other entry and training rovles al sufficient volume and viability lo meet loGal and colSeGllve nation81 need.
POLICE NOW {A Company Limlted by Guarantoo) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2026 PLANS FOR THE FUTURE PERIODS Icontlnued) BuildSng on Pollce Now's aGhi8vemenl8 of this year and historically. Police Now has set out in 2025r26 and beyond lo: Focus on quallty and dlfferentlatlon 11 Is only by d8ll¥erlng on both qualliy and dlfferentlallon that Pollee Now can be successful thIn Ihls ¢hanglng marketplace. In terms of Quality., To support pollcing lo become representative of the cornmunlties it serves, and to develop stronger leaders wllh the skills required lo tackle current and future challenges in policing, Police Now must identlfy and ancourage the most diverse and the hlghesl calibre of indwiduals to joln the police service. In terms of Differenli81ion'. o Pollce Now wlll identify lndlvidua15 who would not otherwise have jolned the police servlce. Policlng requlres leaders from a diverse range of backgrounds and exp8rien¢eg, who are talented and keen to be part of positive chan9e. This means idenlwying sought-after graduates and career changers who often lake on career paths other than policing, for example in consulting, the law, banking, or politics. It also means attracting those from éi¥erse range of backgrounds In lerms of gender and elhniclly as well as supportlng social mobility. o The programmes themselves must be differénlialed from what police forces are ab18 lo deliver themselves, In order lo d8velop Police Now officers lo be 8xceptlonal future leaders. Thls includes partlcular attention and foGus on procedural and organlsalional jusllce, research and avidenced-based problem solving, long-lerm problem solvlng, communication and empathy. the wider pollclng and polillcal landscape, dlversily and inclusion in the context of policing and communily trust, and new means of enlry - for example, into SP8ciallst policing roles. PollGe Now 8180 offers a secondment prc3ramme for some partlcipanls, to be exposed to and learn from diffefenl seclors. Programmes deslgned around Impact In communltles and pollclng Core lo Pollce Now's Nallonal Graduate Pfogramme Is that we hold our participants lo ac¢oLinl on behalf of their communities for reducing crime, reducing anti-social behaviour, and increasing the public's confidence in pollclng. The link beeen Police Now participants, the programmes and Ihelr communllies will continue lo be slrengihened, following the move lo PCEP. Police Now partlcipants are already on the Ironlline faster than any other route. and PCEP presents an opportunlty to'allow them even more time to VKrk ¢losely wlth and embed withln thelr communities. Continue to contrlbute to Impmvlng the dlversify of those in leadershlp roles In policlng Pollce Now Is the market-leader In biinglng inlo pollcing those who mlght not olherwlse have consldered a policlng career, especially those who idents'fy as women and those who Identify as an ethnic mlnorily. This is demonstrated by our published dal8 and by Ihe diversity of our cohorts in terms of gender and elhnlcity. Pollc8 Now also happens lo recruit a high level of those who identify as LGBTQIA+ as demonslraled through our t8nth cohort of Ihe National Graduate Leadership Programme (15% Identity as LGBTQ+). Police Now will conlinue to draw on our succe8se8 to date in thls area, as well as conlinulng to share wlth th8 police Service how we have been able lo deliver these achievements. 10
POLICE NOIN (A Company Llmlted by Guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Police Now has operated Independenlly since December 201S, havin9 previously been Incubated wlthin the HR d6partment of the Metropolltan Police Service. Police Now held11s first Board of Trustees. meeting in December 2015 wilh a nomlnated Chalr and four Trustees. In July 2016 Pollce Now recelved chgrilable status. Pollce Now do85 not have shared capllal or exiernal shareholder and is held to accounl by a nomlnaled Board of Trustees (the '8oard') who are not remuneraied. As part of the governing structure, members of the Board for Police Now are both Tw5tees for Ihe or9anisation and are registered on Companles House as Dlrectors. Al 31•1 March 2025 Police Now had thirteen appolnted Trustees. In addition to being responsible for th8 firture slrategy of Police Now, Trustees are liable to Contribute a sum not exceedlng £1 In the event of the charlty belng dlsbandedg Police Now has made actlve efforts to ensure Sts 80grd Incorporate a wlde range of relevant skills and experiencé 10 govern the lulure strategy of Ihe Ofganisation. Upon offlclal appointmenl, Trustees are required to complete a variety ol incorporation documents including a background check, adding details to Companies House and the Charlly Commisslon, and documenllng their personal delalls. ere requlred, Trustees also undergo Iralnlng as part of Ihelr induction, and tralnlng requirement needs are continued to be assessed throughout thelr lemi. All Trustees must declare any confllcls of Interest to Pollce Now which wlll be noted accordlngly. Each Trustee also meets exlsllng Board members, including Ihe Chalr. and wllh Chief Executive Officer (CEO) before joining the Board, and are educated on Police Now's mls8ion, acllvitles, and performance. The Soard ha8 delegated re8ponsibllily for certain speGif matters lo three Board-level Gommlttee8.' Flnance, Audll. Rlsk and Resourc8 Commltlee.. with responsibili1Ses including approving proposed annual budgets, remuneration, policy approval, appropriale resources, the accuracy and falrness ol the audlt and appoinlm8nl of oxlernal aud110r, ri *k management and dolallv of any open legsl Issues, Customer Insighl, Futures and Impact Commillee., with responsibilities includin9 programme developmenl, collaboratin9 wlth polic8 forGe5. Impact 8valuation and conskloring new opportunllies for Impact. Equity, Diversity and Inclusion Committee; To ensure that dlverslly and inclu51on Is a key priorlly across all actlvlty so that we are supporting pollclng by allractlng, developing and retaining the most diverse and talented groups, enabllng us to achleve our mission ol transformlng communities. The group will promote, champlon, and encourage dlversily, Inclusion and equality in the workplace and will monitor the key areas of performance, using data, experlenee and innovation. In accordance wlth Ils Artlcle8 of Association, Pollce Now Is permllled lo delegate °the day-lo-day managernenl of the Charily to a Chief Executive or other manager or managers by implementlng the policy and strategy adopted by and within a budget approved by the Trustees (if applicable). 10 For Pollce Now the power Is delegated lo the CEO who assembles a Senlor Leadership Team (SLT) of dlverse and experlenced professionals to ensure the effecllve and efflclenl runnlng of the organlsalion. The CEO and Executiv8 team (those holding a Director role as Police Now staffj, alongside the Trustees, are the key management personnel of the organlsatlon. The CEO is held accountable at a quarterly Board meetlng and regular commiltee meetings (at least quarterly) where key updates on strategy, budget, policy, recrultmenl and programme delivery are provided. The Board recelve confidential papers in preparation of these rneetings, Full minutes are taken at each Board meeting. 2018 2019 11
POLICE NOW IA Company Llmlted by Guarantee) TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT lcontlnuedl To ensure delegated authorities from the Board are monitored and appfoprialely adhered to by the CEO and SLT. Pollce Now has developed a variely of policles relating to finance, op6ralion5 and human resources whlch govarn Ihe daily running ol the organisallon,. the8e have been approvéd by the Board or Board Committee8 With delegated responsibililies. These policles clearly establish decislons that are delegated lo the CEO and SLT and those decislons that are relalned by Ihe Board, for example the strategic direction ol the organisation, appioval ol all expendllure exceedlng £150,000 and annual departmental and organisatlonal budgets Trustees of Police Now recelve no remuneration for thelr professlonal Inpul inlo the organlsalion. however. may be enlilled to expenses where appropiiale, Those holding a Director role as Police Now staff receive their annual salary, a 6% employer penslon contribution and a hgallh cash plan. These benelils are in common with other employees at dlfferènl grad88 and were benchmarked agalnsl slmi18r charlties lo ensLJre compellliveness, lairness, 8nd responsible expendlture of charllable funds. The CEO approves all salaries within th8 organisation, whlle the CEO salary and the overall remunerallon pool 18 approved by ihe Board. TRUSTEES, RESPONSIBILITIES STATEMENT The Trustees (who are also dwectors of Police Now lor the purposes of cornpany law} are responsible for preparing the Trustees, Report and th8 financial statements In accordan¢e wllh applicable law and Unlted Klngdom Accountlng Standards (Unlted Kingdom Generally Acc8pled Accounting Practice). Company law requires the Trustees to prepare financlal statements for each financlal year. Under company law the Truslees musl not approve the flnsncial Statements unless they are salisffed that they give a true and falr view of the slate of affairs ofthe chanlable company and the group and ofthe incoming resources and applicatlon of resources, Including Ihe Sncome and expenditure, of the charitable group for that perlod. In preparing th8se financl81 statéments, the Trustees are requwed lo., selecl sullable accounting pollcies and then apply them consislently. observe the methods and principles in the Chafilies SORP. make iudgmenls and accounting eslimalès that are reasonable and prudent: and prepare the finandal statements on the going concern basis unless it is inapproprlale to presume that the eharltable group will contlnue in oper811on. The Trustees are responslble for keeplng adequate accounting records that are sufflcient to show and explaln the charilable company and the group's transactions and disclose wlth reasonable accuracy al any lime the financial position ol lh8 charitable group and enable them lo ensure that th8 financlal slalements comply with the Comp8nles Act 2006. They are also responsible for safeguarding the assets ofthe charitable Gompany and tlw group and hence for taking reasonable steps for the prevention and detecllon ol fraud and other irregularities. 12
POLICE NOW (A Company Llmited by Guaranteo) TRUSTEE'S REPORT FOR THE YEAR ENDEO 31 MARCH 2025 DISCLOSURE OF INFORMATION TO AUDITOR Each of the pefsons who are Trustees at the lime when this Trustees, Report is approved has confirmed that: • so far as that Trustee Is aware, there is no relevant audlt Information of whlch the charitable group's auditors are unaware, and that Trustee has laken all the slep5 that ought to have been taken as a Trustee in order to be aware of any relevant aud51 information and to establish that the charitable group's auditors are aware ol that information. In approvlng the Trustees, Report, the Trustees are also 8pproving the Directors. Report In thelr capaclly as company diractors. SMALL COMPANIES NOTE Sn preparing Ihls report, the Trustees have taken advantage of the small companies, exemptions provlded by section 415A of the Companles Act 2006. The trustees report Induding the slrateglc report was approved by the Truslees on their behalf by: signed on Sir I C Powell Trustee V S H Tillbrook Trustee 13
POLICE NOW (A Company Limlted by Guarantoa) INDEPENDENT AUDITOR'S REPORT Opinlon We have audited the fin8ncial statements of Poli¢e Now (the 'charilable companl) for the year ended 31 March 2025 which comprise the Slalement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and the related notes, including a summary of signlficant accounting policies. The financial reporting framework that has been applied in their preparation 18 applicable law and United Kingdom Accountlng Standards, including Financlal Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, (United Kingdom Generally Accepted A¢Gounling Practice), In our opinion the linancial statements: give a true and fair view oflhe stale of the charitable companys affairs as at 31 March 2025 and of its nel movements of funds, including ils incom8 and expenditure for the year then ended; have been properly prepared in accordance with United Kingd Generally Accepted Accounting Practice., and have been prepared in accordance with the requirements of the Conpanies Act 2006. Basis for opinlon We conducted our audit in arcordance wilh InternalSonal Standards on Auditing (UK) IISAS {UK)l and applicable law. Our responsibilitie5 under those standards are further described In the Audllods r8sponslbllilles for the audit of the finan¢i81 statements section of our report, We are independent of the charitable cornpany in a¢cordanc8 with the ethical requirements that are relevant lo our audlt of the flnancial stalemenls In the United Kingdom, including the Financi81 Reporting Council's Elhic81 Standard. and we have fulfilled our othef ethical responsibilllies In accordance with these requir8menl8. We belleve that th8 audit evidencè we have obtained Is sufficient and appropriate lo provide a basis for our opinion. Concluslons relatlng lo golng concern In audlting Ihe financial statements, we have concluded that the Trusteès, usa of the going concem basls ol accounting in the preparalion Gf Ihe financial Slalemenls is appropriale. 8ased on the work we hav8 perfomied, we have not identified any material uncertainties relating to events or condilions that, indNtdually or collectively, may c88t Significant doubt on the charitable company's 8blllty lo continue as 8 going concern for a period of at least e1ve months from when the financial stalemenls ar8 authorised for i8SU8. Our responsibllllles and the responsibililie8 of Ihe Trustees wlth respect lo golng ¢oncem are described in the relevant sections of this report. 14
POLICE NOW (A Company Limited by Guaranteo) INDEPENDENT AUDITOR'S REPORT (CONTINUED) Other information The trustees are responsible for the other information. The other information compTises the inlormalion included in the Trustees, Annual Report. Our opinion on Ihe financA818tatemenls does not cover the other inlormalion and, except to the extant otheISe explicitly slated in our report, we do not express any form of assurance conclusion thereon. In connection wilh our audit of the financlal stalemenls, our responsibility is lo read the other information and, In doing so. consider whelher the other informalion is materially incon8islent with the financial slalemenls, or our knowledge obtained In the audit or otherwise appears to be Material m15$tated. If we identify such material Inconsistencies or apparenl material misstalèments, we are required to determlne whether there is a m8terlal misstatement in the financial slalements or a material misstatement of the other infomalion. If, based on the work we have performed, we conclude that there is a material misslatemenl of this other Information, we are requlred lo report that fact. We have nothing to report In this regard. Oplnlon on other mattevs prescrlbed by tho Companle8 Act 2006 In our oplnlon, based on the work undertaken In the course of the audlt.. th8 Informatlon given in the Trustees, Annual Report (which in¢lude5 Ihe strategi¢ Teport and the direclors, report prepared lor the purposes ol company law) for the financial year for which the financial stalem8nls are prepared is consi8t8nt wilh the financial slalem8nts. the strateglc report and the directors, reporl 5ncluded withln the Trustees, Annu81 Report has been prepared In accordance with applicable legal requlrements. Matters on whlch we are requlred lo report by exceptlon In the Ih1 of our knowledge and understanding of Ihe charitable company and its environment obtained in Ihe course of the audil, we have not idenlilied material mi8slatemenls in the Tru6tees' Annual Report (which incorporates the slralegic report and the directors. report). We have nothing lo report in resp8cI of Ihe following rnatlers in relation to which Companies Act 2006 requires us to report to you if, in our opinlon.. adequate accounting records have not been kept., or the financial statements are not in agreement with the accounting records and returns: or certain disclosures of Trustees. remuneration specified by law are nol made; or we have not received 811 Ihe information and explanations we requlre for our audit. Rosponslbllitles of tr(18tee• As explalned more fully in the Trustees. Responsibllrties Statement, the Trustee8 (who are also the dlreclors of Ihe charitable company for the purposes of company law) are responsible for Ihe preparalion of the financial statements and for being satisfied that they give a Irue and fair view, and for such internal control as th8 Trustees d6temlne 1$ necessary lo enable the preparalton of financial stalemenls that are free from material misstatement. wheth8r du8 to fraud or error. In preparing the financlal statements, the Twslees ar8 responsible for assessing the ¢harilable companl ability to continue as a going concern, disclosing, as applicable. malters related to golng concem and using the gcing concern basis of accounting unless th8 Trustees either intend to liquidate th8 charitable o)mpany or lo cease operalions. or have no realistic allemative but lo do so. 16
POLICE NOW (A Company Limited by Guarantee) INDEPENDENT AUDITOR'S REPORT {CONTINUEO) Audltors. responsibllltle8 for the audlt of Ihe flnanclal statements Our oblecllves Sre lo obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whelher due to fraud or error, and to issue an Auditors, Report that includes our opinion. Reasonable a8surance Is a hlgh level ol assurance. but is not a guaran188 that an audit condltcted in accordan¢8 with ISAS (UK) will ayS detect a material misstatement when il exists. Misstatements can arise from fraud or error and are consldered material if. individually ar in the aggregate. they could reasonably be expected to Influence the èconomic decisions of users taken on the basis of these financial statements. Irregularities, including Iraud. are InslanGes ol non•complianc8 with law8 and regulatlons. We deslgn procedures In line with our responsibilities, oullined above, to delecl material misstatements in respect of irregu18rilies, including fraud. The exfenl to which our procedures are capable of d818cting irregulari1188. including fraud is detailed below: Based on our understanding of the group and the environment In whlch It operates, we idenlif1ed that the principal risks of non-compliance with laws and regulations r8laled lo charity and company law appllcable in England and Wales, and we ¢on8ider8d the eent to which non-compliance might have a material effect on the financial slalemenls. W6 also considered Ihose laws and regulation8 Ihal have 8 direct ImpaGI on the preparation of Ihe financial stslements such as the Companies Acl 2006 and the Charities SORP. We evaluated managernent's incentives and opportunilies for fraudulent manipulation of the financlal Élalemenls (includlng the rlsk of override of control8), and determln8d that the principal risks were related to revenue recognitlon, in particular in relation lo recording income and charitable aclivitSes in the correct accounting period and management overrlde of ¢onlro18, Audit prcKeduras performed by the engagement team included.. Inspecling Correspondence with regulators., Discussions wilh manBg8menl including conslderatlon of known or suspe¢ted Instancés of non<ompliance with laws and regulation and fraud., Reviewing the controls and procedures of the charity relevant lo the preparation of the financial statements lo ensure these were in place throughout the year; Rè.viewin9 debtor recoverability post year end. - Ravi8wing management's decisions on bad debt. Reviewing post balance sheet evenls. Evaluating man8gement's controls designed to prevent and detect irregularities.. Id8nlifying and testing Journals., and Challenging assumptions and judgements made by management in their critical accounting estimates. Because of the inherent limitations of an audit, there is a risk that we will not deteci all irregularities. induding those leading lo a material misstatement in the financial 518lemenls or non-complianc£ wlth regulali¢)n. Thls rlsk increases the more that compliance with a law or regulalion is rernoved from the events and transaclions reflected in the financiel slalemenls, as we V11 be lass likely to become aware of Instances of non-campliance. The risk is 8180 grealer regarding irregularities occurring due to fraud raiher than errcy, as fraud Involves intentional concealment, forgery. colluslon, omission or misreprasenlation. A further d8scrlptlon of our responsibilities for the audit of the financial statements Is located on the Financial Reporting Council's website at,. res This description foms part of our Auditors, Report. 18
POLICE NOW (A Company Llmlted by Guarantee) INDEPENDENT AUDITOR'S REPORT (CONTINUED) Use of our report This report is made sobly lo the charitable company's members, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audil work has been undertaken so that we might stale to Ihe charitable companvs members those maltets we are required to slate to them in an Auditors, Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone othar than th8 charitable company and ils members, as a body, for our audit work, for this report, or for the opinions we have formed. Lee Stokes (Senior Statutory Auditor for and on behalfof Haysmac LLP Slalutory Audilorn 10 Queen Street Place London EC4R 1AG Date: 2511112025 17
POLICE NOW {A Company Limited by Guarantaè) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted funds 2025 Total funds 2025 Tolal funds 2024 Note Incom• from: Donations, grants and legacies Charitable actlvities Inveslmenls 5.008,191 5.918,486 174,519 5,006,191 5.918,488 17.4,519 5. 103.000 5,316,172 47.845 Total Income 11,099,196 11,099,196 10,467.017 Expenditure on: Charilable activities- recruitment trainlng and leadership development 4.317,817 7,309,603 4,317,817 7.309,603 5,056,232 7,712,578 Total expenditure 11,627,420 11.627,420. 12,768,810 Net movam•nt In funds 1528,224) 1528,224) (2,301,793) Reeonclllatlon of funds: Total funds brought forniard 8,506,189 8,506,189 10,807,982 Total funds ¢arriod forward 7,977,965 7,977,965 8,506, 189 The Statement of Flnancial Activities Includes all gain8 and108ses recognised in the year, The Statement of financial activities has been prepared on the ba8lS that all income and expendlture derive$ from continuing activities. The accompanying notes form part of these account8. 18
POLICE NOW IA Company Limlted by Guarantee) REGISTERED NUMBER: 09922205 STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025 2025 2024 Flxed a6s8Is Tangible assets 10 31,104 40,517 31,104 40,517 Current assets Debtors Cash al bank and in hand 1,171,201 8.082,145 2. 756, 948 11,416,638 9,253,346 14, 173,586 Creditors.. amounts falllng due wilhln one ar 12 (1,306,485) (5, 707.914) Not current as8¢t8 7,946,881 8,465.672 Total not assels 7,977,965 8,506, 189 Charity funds Unrestrlcted fund3 7,977,985 8,506. 189 Total funds 7,977,965 8,506, 189 Th8 financlal statements were approved and authoriséd for issue by ihe Trustees on and signed on their behalf by: 25 November 2025 Slr I C Powell (Trustee) V S H Tlllbrook ffrustee) The accompanying note8 form part of these a¢counts. 19
POLICE NOW IA Company Limlted by Guarantee) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Note Cash flows from operating aclSvities Net cash used in operating activi118S 14 (3,494,904) (36,810) Cash flows from Snve8ting actSvltles Inleresl from investments Purchase of tangible fixed assets 174,519 (14,1081 47,845 (28, 657) Nat cash provided by investlng acllvltles 160,411 19,188 Chango In cash and cash equlvalents In the year Cash and cash equivalent8 at the beginning ofthe year {3,334,493) (17,622) 11,416,638 11,434,26Q Cash and cash aqulvalents at the end of the year 15 8,082,145 11,416,638 The accompanying notes form part of these accounts. 20
POLICE NOW (A Company Limit8d by Guarantea NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED JI MARCH 202S General information Police Now is a charitable company limiled by guarantee, incorporated on th8 18 December 2014 and registered in th6 United Kingdom under the Companies A¢t 2006 and Charities Act 2011 (company no. 09922205, charlty no. 1168427). The addre8s of the registered office is given within the Reference and Administrative Delails page. The company Is a charitable company limited by guarantee. The memb8rs of th8 company are the Trustees named on pag8 1. In the evant of the company being VUnd up. Ihe liability in respect of the guarantee is limited to £1 per mérnber of Ihe company. The nature of the company's operations and ils principal activities are set out in the Truslees, Report on page 2. Accountlng pollclos 2.1 Ba8ls of preparatlon of Ilnanclal statemont8 The financial slalemenls have been prépared in accordance with tha Charities SORP (FRS 102) Accounling and Reporting by Charities.. Statement ol Recommended Pracllce applicable to charilles preparing Ihelr accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland {FRS 1021 (effective 1 January 2019). Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 2006. Police Now meets the definltion of a public beneflt entlty under FRS 102. Assets and1Sabilllles are initially recognised at historical cost or transaction value unless othepwise slated in the relevant accounting policy. The accounting pollcie5 have bean applied conslslènuy Ihroughout Ihe flnanclal slalemenls in bolh the current year and the prior year, The financial statements are presented in pounds sterting {GBPI, being the functional currency of the charity. and are rounded to the nearest pound. The preparalion of financial statements in compllance with FRS 102 requires the use of cert8ln Cfilical accounting eslimaies. 11 also requires ii)aiiageiTrienl to exei'cise iudgenienl iii applying Ilie Charills accounting policies. These are detailed in note 3. The following accounting policies have been applied: 21
POLICE NOW {A Company Limlted by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {contlnued 2.2 Golng concern The Trusteès reviewed Police Now's accounts in November 2025. as part of their regular ass888ment. as well as ils prlnclpal risks, financial and otherwise. Al that time. they ware satlsfied that there is no material uncertainty that vUld cast doubl on the charity's ability to continue as a going concern. Pollca Now has sufficient resources to continue operating for the loreseeable future and accoun18 have been prepared in the knowlÈdge that Police Now is a financlally viable organisation. The effect of uncertainties including force demand, Home Office funding and cost changes has been asse88ed by the Trustees, reviewing Police Now's on90ing activity, its forecasts and risks lo ensure the organlsallon rernalns finBncially viable. With regards lo the next 12 months. the most signifant areas lo be monitored clos81y by the dlrectors is securing Home Offlce lunding for 2026127 and Confirming conlracls with Police Forces for 2027 National Gradual8 Programme. Gonlracls for the 2026 Nalional Graduate Programme are already confirmed. The Trustees will continue to monitor this closely. As Pollce Now re¢elves Horne oifi¢é funding and Policé Force Fe8$ In advance of programme delivery, Police Now has suffici8nl reseN8s to deliver contractual obligations and the Trustees therefore conclude there Is no material uncertainty to going concern. An updated financlal forecast was prepared in November 2025 to assess the impact of ch8nge$ in force demand. Th8 Trustees have a reasonable expectation Ihat Police Now has adequate resources lo continue in operational existence for the foreseeable future. The entity therefore continues to adopt the 90ing conceTn basis in prepaTing its financial 8latements. 2.3 Income All income Is recognised once the Company has entltlement to thè income, il Is probablg that Ihe Income will be received and the amount of income receivable can be measured reliably. Grants from governments and other agencies which are awarded In respecl of core furKling are included as income from donations in the period ID which they are recelved and receivable. unkss any performance relaled cL)ndilions are allached lo Ihe grdlll. Income from Gharilable aclivilies relates to fees received from pdice forces for provldlng graduate recruilmenl and training programrnes. Donated sarvlces or facilit189 are recognised when the company has control over the rtem, any condition5 associated with the donated item have been met. the receipt of economic benefit Irom the use of the company of tha item is probable and that economic benefit can be rneasured reliably, General volunteer lime is not recognised. On receipt. donated professional servlces and donated facilities are recogn18ed on the basis of th8 value of the gifl lo the company, which is the amount the company vlould have been willin910 pay to obtain servicès or facilities of equivalent economlc benefil on the open markel; a corresponding amount is then fecognised in expendilure in the period of receipt. 22
POLICE NOW {A Company Llmlted by Guarantèo) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcies Icontlnuedl 2.4 Expendlturo Expenditure is recognised once thera is a legal or conslruclive obltgalion lo transfer economic benefit to a third parly, il is probable thal a transfer of e¢onomlc benefits will be raquired In setllement arKI the amount of the obligation can be measured rellably. Expenditure is clasSifd by actlvlty. The costs of each aclivlty are made up of the lolal of dlrecl costs and shared Gosts, including support costs involved in undertaking each activity. Direct costs attributable to a singlè activity are allocated directly lo that activity. Shared costs which contribute lo mora than one activity and support ¢osts which are not altribulable to a single activily are apportioned between Ih03e activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of lime spent, and depreciatlon charges allocated on the portion of the asset's use. Support costs are those costs incurred dlreclly in support of expenditure on the oblects of tha company. Governance costs are those inCued in connection with admlnislralion of the company and ¢ompliance with con8lilutional and siatutory requlrements. Expendltura on ra181no funds ara co8t8 Incurred In altracting voluntary Income, and those Incuried in Irading activities that raise funds. Charitable actbvltles and govemance costs are costs Incurred on the companrfs educational operalions, in¢luding support costs and costs relating to the governance of the company apportioned to charitable acliville8. 2.$ Intemst ro¢•lvable Interest on funds held on deposit is included when receivable and th8 amount can be measured reliably by Ihe Company., this is normally upon notification of the Interest paid or payable by th8 Bank. 2.6 Tanglble fixed assets and depreclatlon Tangible fixed assets costing £1000 or mor8 are capltalised and recognised when futur8 economlc benefils aré probable and the cost or value of the asset can be measured reliably. A review for impalmienl ol a fixed ass81 is carried out if events or changes In circumstances indicate th81 the carrying value of any fixed asset may not be recoverable. Shortfalls between Ihe carrying value of fixed assels and their recoverable amounts are recognised as Impaimients. Impainnent tosses are recognised in the Statement ol Financial A¢tivrties. Tangible fixed assets are carrled at cosl. net of d8preGiatlon and any provision for impalmient. Depreciation is provided at rates calculated lo write off the cost of fixed assets. less their estimated résldual value, over their expacted useful Ilves on the following bases.. Fixtures and fittings Office equlpment Computer equipment 20% 33% 23
POLICE NOW (A Company Llmited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Accounting pollcles (contlnued) 2.7 Debtors Debtors are recognised initially at fair value. Subsequent to initial r8cognition they a measured 81 amortlsed co81 usln9 the effective interest rIthod, less any impairment losses. 2.8 Cash at bank and In hand Cash and cash equivalents consist of cash on hand and balances with banks. and inveslmenls in money market Instruments which ar8 readily convertible, belng Ih05e wllh original rnalurilies of three months or less. 2.9 Credltors Créditors are recognised initially al lalr value. Subsequenl lo Inillal recognition they are measured at amortised cost using the effective inler851 methixt. 2.10 Flnanclal Instruments The Company only has financial assets and financial liabilitles of a kind that qualify as basic financi81 Instruments. Basic financial instruments are initially recognisèd at Iransaclion value and $Lrbsequenlly measured al their settlement value wilh the exception ol bank loans which are subsequently measured al amortised cost using the effective interest method. 2.11 Operatlng1gas8s Renials paid under operating leases are charged lo the Statwnenl of Financlal Activities on 8 slraight-line basis over the lease lem. 2.12 Ponslons Police Now operates a defined contribution pension scheme for ils employees. A defined conlribution plan is 8 pension plan under which the Charily pays fixed contribullons into a separate entily. Once Ihe contributions have been paid Ihe company has no further payrnent obligallons, The contributions are recognised as an expense in the statement of financial activities when Ih8y lall due. Amounts not paid are shown in accruals as a liabllily in the balance sheet. The assets of the plan are held separately from the Charity in independently adrninislered funds. 2.13 Fund accounting General funds are unreslricled funds whlch are available for use at the discrelion of the Trustees in furtherance of the general objectives of the Company and whlch have not been designated for other pury)oses. Reslricl8d funds are donations recelved, or Income arlslng there Irom, leh are speclflc for the pury)ose set out by th8 donor. The cost of administering such funds is charged against the specific fund. 24
POLICE NOW {A Company Llmlted by Guarant8e) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2Q2S Critical accounting estimates and areas of judgement In preparing the financial statements, management is required to make estlmales and assumptlons whkh affecl reported income. expenses, assets, liabilities and disdosure of contingent assets and liabilities. Use of available information and application of judgements are inherent In the formation of estimates, logélher with past experience and exp8etalions of fulure evenls Ihal ale believed lo b8 reasonable under Ihe circumstances. Actual results in the luture could differ from such estimates. Management do r1 consider there lo be any material accounting estimates or iudgemenls that need dlsclosure in these financial slalemenls. Income from donatlons, grants and legacles Unrestrlcted funds 2025 Total funds . 202$ Tot81 funds 2024 Legacles Grants 6,191 5,000,000 6,191 103,000 5.000,000 s,0,000 5,006,191 5,006,191 5, 103,OLYI Income from charltable actlvltlès Unrestrlcted funds 2025 Total funds 2025 Tolal funds 2024 Poll¢e Forcè fees 5,918.486 5,918,486 5,316,172 Investment Income Unrestrlcled funds 2025 Total funds 2026 Tol81 funds 2024 Interest r8ceivable 174,519 174.519 47,845 2S
POLICE NOW (A Company Llmited by Guaranteo) NOTES TO THE FINANCIAL ST ATEMENTS FOR THE YEAR ENDED 31 MARCH 202S Analysis of expendlture by actlvities Support costs 2025 Total funds 2026 Total funds 2024 Direct costs Staff costs 2025 2025 Programme recruitment Programmè Iralnlng and leadership developm8nl 1,459,207 1,578.909 2,172.205 5,210.321 5.056, 232 2,928,882 2,404.761 1.083.656 8,417,099 7,712,578 4,387,889 3.983,670 3,255,861 11,827,420 12, 768,810 Total 2024 5,204,556 3.971,418 3,592,836 12, 768,810 Analysls of support costs Total funds 2025 Tol81 funds 2024 Staff cog1$ Training Rent IT and telecom costs Other office costs Depreciation and amortisation Consultancy Legal and lax fees Recruitment Govemance Other support costs 2.172.202 24,794 420,000 139,482 28,038 20.005 89.393 17,808 23,493 30,392 290,454 2,401,950 25.297 419,675 153,407 30.502 23,066 99.494 38,545 25,039 24, 205 351,656 3,255.881 3,592, 836
POLICE NOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Governance costs consist of the following.. Auditors, remuneralion for audit Other auditor costs Legal and professional 18,900 3.600 7,892 17,900 2,805 30,392 24,205 Ctsmparatlve analysis of analysis of éxpenditure on charltable actlvltles Dlrect cost Staff c08ts Support Total funds 2024 2024 costs 2024 2024 Programme recruitment Programme training and leadership developmenl 2,321.191 1,416,470 1.318,571 5,056,232 5 204 556 18 3 592 836 2 768810 Net movemenl In fund8 2025 2024 Thls is slated after Gharging.. Auditors, remuneration.. audit Audilors, rernuneration.. non-audit fees 18,900 3.600 17,900 3.500 Depreclatlon staff co$ts 2025 2024 Wages and 8alarfes Social security $ts Olhar pension costs 5.261,918 555.881 338.073 5. 466,054 592, 797 314,517 6,155,872 6,373.368 27
POLICE NOW (A Company Umlted by Guaranteel NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs {continued) The average number of persons employed by the Company during the year was as follows: 2025 No. 2024 Employee8 107 115 During the year. lerminatlon payments of £11,475 weré made to employees {2024: £Nil). The number of employees who88 employ8e benefits (exdudlng employer pension costs) exceeded £60,000 was.. 2025 2024 £60,000- £69,999 £7tJ,000- £79,999 £80,000 - £89,999 £90,000- £99.999 £100,000- £109,999 £110,000- £119,999 £120,000- £129,999 £130,IJOO- £139,999 Th8 total remuneration paid during the period lo key managmenl personnel was £510,277 (2024.. £597,703). No remuneralion was paid duri1 the period lo any membei. of the 8oard of Trustees (2024.. £Nil). Trustee expenses of £1,459 have been incurred relatlng to 7 Trustees (2024; none). 211
POLICE NOW {A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 10. Tanglble fixed a8se¢s IT equipment and software Fixturns and flttings Offico equlpment Total Cost or valuatlon At 1 April 2024 Additions Disposals 20.452 55,820 119,018 14,108 195,250 14,108 (5,200) (5,200) At 31 March 2025 15,252 55,820 133,128 204.198 Depreciation Al 1 April 2024 Charge for the year On disposals 20,452 55,820 78.501 23,521 154,773 23,521 (5,200) (5,200) At 31 March 2025 15,252 55,820 102,022 173,094 Net book value Al 31 March 202S 31,104 31,104 Al 31 M84rh 2024 40,577 40.511 11. Debtors 2026 2024 Due withln one year Trade debtors Other debtors Prepayments and accrued income 867,660 70,920 232,621 2,433,374 73, 222 250,352 1,171,201 2, 756,948 29
POLICE NOW (A Company Limited by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Creditors." Amounts falling due within one year 2025 2024 Trad8 credltors Other taxes and Social securiiy VAT payable Other creditors Accruals and deferred income 318,854 125,560 192,737 55,610 613,724 1, 126.890 149,899 733,652 84,667 3,612,806 1,306,485 5, 707,914 13. Analysls of not as88t8 between funds Analysis of nèt assèts between funds - curront yéar Unrèstricted funds 2025 Total funds 2025 Tangibl8 fixed assets Current asse18 Creditors due within one year 31,104 31,314 9.253,346 9,253,346 (1.306.485) (1,306,895) Total 7,9TI,965 7,977,965 Analysis of net assets between funds - prlor year Unreslricled funds 2024 Tolal funds 2024 Tangible fixed assels Current as8et8 Creditois due within one year 40,517 40,517 14, 173,585 14, 173,585 (5,707,914) {5,707.914) Total 8,506. 188 8.506, 188 30
POLICE NOW (A Company Llmlled by Guarantee) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Reconciliation of net movement in funds to net cash flow Irom operating activllios 2026 2024 Net expenditure for the year (as per Statement of Financial AclNltles) (528,224) (2.301. 793) Adlustmonts for. Depreciation charges Dividends. Interests and rents from investment8 Decreas81{increase) in debtors Increasel(decreasa) in credltor8 23.521 26,513 (174,519) (47,845) 1,585,747 (524, 779) (4,401,429) 2,811,094 Nèt cash used In operatlng actlvltles (3,494,904) {36,810) 15. Analysls of cash and cash equivalents 2025 2024 Ca$h in hand Nollce depoylts (legs than 3 monlhs) 5,582,145 2,500,000 4416,638 5.000, (X Total cash and cash equlvalents 8,082,145 11.416.638 Analysls of changas In not debt At 1 Aprll 2024 Cash flows At 31 March 2Q25 Cash at bank and In hand 11,416,838 {3,334.493} 8,082,145 11,416,638 <3,334.493) 8,082.145 31
POLICE NOW (A Company Llmlted by Guaranto•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 17. Operating lease ¢ommltmenlg At 31 March 2025 the Company had commitments lo make future minimurn lease payments under non- cancellable operaling18ases as follows.. 2025 2024 Not later than 1 year Lat8r than 1 year and not later than 5 years 309,066 2,520 421,260 3, 780 311,586 425,040 18. Related party transactlons Ouring the current year, six members of the Board of Trustees had responsibilities with the Polic8 Servlce. Helen Ball was a Former Deputy Commissloner in the Metropolitan Police SeNlce. Louisa Rolfe was an Assislanl Commissloner in the Metropolltan Police Sep4lce. Rhamm81 Afflick wa8 a Spècial Serg88nt in the Metropolitan Police Service. Shoalb Awan was a Dele¢live Conslable lor Gwent Police. Matthew Cooper was a Police Conslab18 for Wesl Midlands Police. Ja80n Hogg wa5 a Chlef Constable for Thames Valley PolSce. 32