Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
Registered number.. 03179216
Charity number- 1186628
WEST MIDLANDS POLICE BENEVOLENT FUND
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers
Trustees. report
Independent auditor's report on the financial statements
Statement of financial activities
10-13
14
Balance sheet
15
Notes to the financial statements
16-29

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
John Williams, Chairman1
Gillian Baker OBE
Stephen Groves2
Nicholas Simpson, Vice Chairman
Simon Westwood
Patrick Wing MBE2
Richard Youds
Susan Cleeton2
West Midlands Poli￿ Offi￿rS
2 Narpo
Company registered
number
03179216
Charity registered
number
1186628
Registered office
Guardians House
2111 Coventry Road
Sheldon
Birmingham
826 3EA
Secretary and General Steve Newbury
Manager
Independent auditor
Cooper Pary Group Limited
Statutory Auditor
Cubo Birmingham
Office 401, 4th Floor
Two Chambedain Square
Birmingham
83 3AX
Bankers
Lloyds Bank PIC
6th Floor
33 Old Broad Street
London
EC2N 1 HZ
Investment Managers
Evelyn Partners
103 Colmore Row
Birmingham
83 3AG
Patron
Chief Constable Craig Guildford QPM RV DL West Midlands Police
Page 1

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees have pleasure in presenting the Annual Report of the West Midlands Police Benevolent Fund for
the year ended 31 December 2024 which is also prepared lo meet the requirements of a directors, report and
accounts for Companies Act purposes. The financial statements comply with the Charilies Act 2011, the
Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities..
statement of Recommended Practice leffeclive January 20191 applicable lo charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
sin￿ the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors, Reporti
Regulations 2013 has been omitted.
Objectives and activities
a. Charitable objectives
The current rules were adopted June 2016 (including some additional amendments made since that limel which
formulated and regulated the activities of the Charity and its Trustees. Copies of the rules are available on
request from the Charitvs manager or on the Charity's website.
The objects of the Charity are for the public benefit, for the prevention or relief of poverty, suffering, distress or
financial hardship amongst ils beneficiaries which include both serving and retired police officers, members of
poli￿ stsff of the Wesl Midlands Police Service, members of the Special Constabulary and in some cases
dependents, in particular bul not exclusively by providing financial assistance and support by way of grants or
loans lo those individuals in such ways that the Iruslees see fil from lime to lime and the advancement of such
charitable purposes in wnnection with policing as the Iruslees see fil from lime to time.
The Charity is also able lo provide fa¢ili118s for the relief of injury or illness through the provision of facilities for
nvalesc8n¢e and rehabilitation.
b. Membership
Member benefits
Sickness vouchers
Both serving and retired members can apply for a £30 voucher if they have been off work for 21 days or more.
They Can apply for one further voucher if they have been off for over four months.
Interest Free Loans
All members can apply for interest free loans in limes of haréship and need.
Grants
All members can apply for grants in times of hardship and need.
Convalescence and Rehabilitslion
All members can apply to visit st Michaels Lodge in the Ribble Va118y, Lancashire. They can receive a five day
stsy with food, accommodation and either physio or wellbeing treatment.
Discounted holiday breaks al our two holiday homes
All members can apply to stay at our two holiday homes at greatly redU￿d rates.
Death in Service Grants
All setving members receive a £3,500 death in Servi￿ grant.
All dependent children of members who die in service will receive £25 8 week until the age of 18 years.
Protected Rale Members
All protected rate members are entitled lo claim up to £600 in consultations ￿SIS per year. {This scheme is now
closed for both new and existing members).
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities {continuedl
Discounted High Street Shopping Rewards Scheme
All members can access a variety of exclusive discounts including money off groceries, family days out,
health and beauty, travel and offers on a large range of high street and online retailers via our
'Yourrewards' section within our website.
Free Will writing service
All members have access lo free basic Will writing service via our partners Accord Legal Services which can be
accessed via a portal within our website.
Mental Health Counselling
All members can apply for up to 12 online counselling sessions provided by Counsellors at St Michaels Lodge.
c. Subscriptions
Members subscribe to the Benevolent Fund by way of deductions at source either from their West Midlands
Police salary or pension directly. In some circumstances members can pay via a direct debit or standing order
facility but these numbers are limited to below 100.
Trustees took the decision this year NOT to make any increases in members, subscriptions and this will be
reviewed again in late 2025 with a view to 2026.
Serving Police Officer
Special Constabulary
Serving Police Staff
Serving Protected Rate
Retired Police Officerlslaff
Retired Protected Rale
£2.00
£2.00
£2.00
£5.00
£1.00
£3.75
Protected rale membership is now closed and is not available to new or existing members.
The tol81 number of members 9,271, an increase of 6.040/. for the year and is broken down as follows..
Serving Police Officers
Retired
Police Stsff
Ex Dependents
4,977
3,641
614
39
Demand for services..
During the 2024 period demand for assistance with hardship loans and grants has increased bul within
manageable levels. The Fund has discussed, planned and has contingency for increased demands due lo high
rises in cost of living such as energy and food over the next 12 months and beyond. The 2025 budget will be
reviewed mid-year to ensure demand and anticipated costs are understood and planned for.
Overall. the Charity feels it is in 8 very strong position to maintain service and continue to support our members
through the cosl-of-living crisis.
The Trustees considered in depth h()w the severe fuel, cost of living increases and the general slate of the
economy may effect our members and ensured that we are prepared for some very difficult and impactive times
ahead with regards to reserves and financial planning.
The Trustees are very optimistic the Fund can sustsin and deliver services and benefits in the years ahead.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities {continuedl
d. Public Benefit Statement
The Trustees confirm that..
In the exercise of their powers as Charity Trustees, they have had due regard to the published guidance from
the Charity Commission when renewing the Charity's aims and objectives and in planning future aclivilies.
Achievements and performance
a. Main achievements of the Charity
The Charity continues to engage more closely with its subscribing members and in particular widows and
orphans who we support.
In 2024 the Fund celebrated its 50th anniversary and took the decision in 2023 that the anniversary celebrations
would be spread across the whole of 2024 involving numerous activities and events both in celebration and to
attract new members lo the Fund. Some of the adivilies and events are as follows.
The design and creation of our new logo lo incorporate 50 years.
The creation of plaques unveiled both at our home of Guardians House and at Lloyd House the West
Midlands Police Headquarters.
Two further plaques celebrating our long-standing partnerships with both St Michaels Lodge and the Northwest
Benevolent Fund and the poli￿ Museum in Birmingham.
Prize draws every month of 2024 both lo celebrate the anniversary and to encourage new members to join and
establish and verify current members detsils.
This was supported by many of our partners and donations including.,
Serve and Protect (The Police Credit Union)
Blackwell Adventure Centre
The Think Tank
Cadburys Worfd
The British Police Symphony Orchestra
Your Rewards
Aztec Water Park
LSH Auto Birmingham,
st Michaels Lodge
The National Space Centre Leicester
Several thousand entries were received and it proved a huge success.
Our main celebration look place at Blackwell Adventure Centre who assisted us lo host a fantastic day's
Celebration only hindered slightly by the weather.
Some 250 members were invited representing many periods of our 50 years including friends, partners and
members who have supported the Fund over many years.
In the moming groups of families got involved in many activities ranging from zip wiring lo archery. In the
evening some amazing food was prepared by way of a BBQ and the ￿lebratiOnS went on late into the night.
During the year the Fund entered a new Free Will Writing partnership with Thomson Financial servi￿$, a well-
established partner of policing.
Our mentsl health counselling serVI￿S really established itself as our lalesl member benefit and was well
received by both serving and retired members.
The Charity always continues actively seeks lo increase and maintain membership in as many ways as possible
some examples of this year's marf(eling Campaigns included allendance at..
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
New recruit induction events
New recruit initial training courses.
Police Federation retirement seminars.,
West Midlands Police Wellbeing events-
West Midlands Police Family mallers events.,
National Association of Retired Police Officers AGM'S.,
Police Federation Representatives meetings.,
Transferees and re-joiner events.,
Police Specials Events.,
PCSO initial training courses-
Police NOW recruitment process.,
West Midlands Police Open Days
New Recruits proved successful again in 2024. The Charity has welcomed over 400 newly recruited officers to
the Fund and work is well underway lo target as effectively as possible the similar number that are projected in
2025.
The Charity has seen continued success loo with its attempts al retention of officers when they retire.
Attendance al retirement seminars has been very successful and wll continue in reminding officers of the
Funds benefits into retirement and the procedure lo relain membership. Work will be undertaken in 2025 to
retain Poli￿ Staff into retirement to increase retention in that area.
Whilst membership maintenance and increases will remain an important part of the charities work during 2025
the Iruslees will ensure that the Benevolent Fund continues to focus and establish itself more visibly as a
charity. The Fund has held charity status now for over five years and it is time to work harder in the area of
donations and legacies. This work has already begun with the Will writing benefit where those members
creating wills are reminded of the Funds charity ststus and asked to consider a legacy wthin that will. This will
be added to with a campaign lo remind members of our charity status and work by reaching out lo associations
and groups within the police family by letters, e mails and presentations. We want lo put the Benevolent Fund
Charity at the forefront of their minds when considering fund raising, sponsorship and donations.
The Fund continues to be a proud and aelive member of Police Charities UK allowng us lo come together wth
other Police charities and groups to partner and share best practices and ideas to deliver the best services to
our members. This will further give Police Charities strength in numbers and with partnering gives slmnger
opportunities and buying power for merchandise and IT and digital infrastructure.
The Charity continues to engage with Wesl Midlands Police al all levels to ensure opportunities to meet and
engage with staff are found.
Plans for 2025
We will continue our successful recruitment drives to increase membership as a whole but in particular new
recruits and police staff members. We wll be trialing some new merchandise such as new water bottles and lip
balm. We will examine our retention processes in detail to ensure we can reduce the retired members losses.
We will be examining 811 application foms and ensuring they meet current needs. Likewise with our website all
detsil and processes will be r&examined lo ensure fit for purpose and meeting the needs of our membership.
Distribution of Funds
All members can apply for interest free loans and grants in times of hardship and need. Members are required
lo submit a detailed application of their finances and situation to the Charity's general manager. Following
further consultation and investigation the application is presented before the Operations Committee who
deliberate. vote and decide on the type of assistance if any given. This decision is further considered and
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance Icontinuedl
ratified in the following Trustees, meeting before the application is finally aulhorized. The Committee can decide
upon the type of assistance and the length and monthly repayments in the case of a loan.
These are the breakdowns of how member benefits were distributed this year..
Sickness Vouchers
Grants
Rehabilitation
Mental Health Counselling
Death Grants
Dependents
Private Consultations
£7,160
£55,451
£30,840
£7,440
£3,500
£18,922
£3,795
Here are some of the Grants given by the Charity this year from applications received.
£4,071 granted lo a retired member for specialist mobility wheelchair.
£12,000 granted to a retired police officer member for a walk-in shower bathroom conversion following
Progressive Dementia and mobility illness.
£2,990 granted lo retired member slairfift following mobility issues caused by cancer.
£165 emergency granted to serving member for vital eye test 2nd glasses when suffering financial
hardship.
£3,480 granted lo purchase two funeral drapes for use by the Force and NARPO.
£225 granted to retired member for rise and fall chair whilst in financial hardship.
£6,100 granted split loan lo a retired officer suffering financial hardship and associated issues.
£2,850, granted to eldedy retired officer suffering progressive illness.
£106 granted to retired member suffering severe dementia for a specially designed dementia radio
because of his love pf music and calming effect.
£2,019 granted to a serving staff member for rent and key money to move following domestic violence.
£15,707 granted lo a retired member for internal Itft, driveway work and specialist ramps who within 3
years of retirement suffered MND onset which has progressed very quickly
10.
Financial review
a. Going concem
After making appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concem basis in preparing the financial statements. Further details regarding the adoption of the
going concem basis can be found in the accounting policies.
b. Reserves policy
The Trustees have Considered the guidance published by the Charity Commission in respect to reserves and
feel il prudent to maintain a level of reserves both to support the ongoing activities of the charitable company
and lo establish a buffer against any decrease in income. The Trustees have therefore sel a policy that the
reserves target should be six months, operating expenses which is approximately £130,000.
As al 31 December 2024, the free reserves of the Charity (that is those general unrestricted reserves not
invested in fixed assets or represented by investmenlsl were £281,731 Inole 151.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
Total income for the year amounted lo £473,82312023.. £299,232}- The Charity incurred expenditure amounting
to £344,849 12023.. £291,436) resulting in a surplus before investment gains of £128,974 12023.. deficit of
£7,796}- Investment gains for the year amounted to £96,83712023.. £74,783) resulting in total net increase in
funds of £225,811 (2023.. £82,579).
The charity s listed investment portfolio was valued at £1,710,21312023.. £1,579,207).
d. Risk Management
The Trustees keep under review the major strategic and operational risks which the Charity faces.
They believe that all necessary steps have been taken and systems are in place and established to minimise
any such risks as might exist.
The Trustees consider the main risk lo the Charity arises from its maintenance and retention of its existing
membership. They instruct their staff to focus, deliver and establish continual innovative ways lo achieve this
which are Continually assessed and developed at Operational and Trustee meetings.
The Trustees have agreed risk profiles with our investment managers.
The Trustees recognise the importance of its financial investments and continually review and seek guidance
and updates from our financial investment team within Evelyn Partners. The Trustees have a clear risk level
policy which is reviewed on an annual basis unless need arises for earlier intervention.
In the current year under review the Charity continued to hold a diverse portfolio to best represent ils needs.
Structure, governance and management
a. Constitution
The West Midlands Police Benevolent Fund until July 2019 had been known as WMP Benevolent Fund and
was a private company limited by guarantee. Following its AGM on 12 July 2019, the company adopted new
'Articles of Association, by way of a special resolution and voted to change ils name to Wesl Midlands Police
Benevolent Fund. The decision was taken lo apply for charity $18tus.
On 28 November 2019 the Benevolent Fund successfully achieved charity status and was given the registration
number 1186628.
All Trustees are members of the Operations Committee and are elected in accordance with the rules.
All p8ymenls made by the Charity musl be aulhorised by the Committee and further approved by the Trustees.
Arrangements are in place to deal with emergency situations outside of Trustee meetings.
Periodic meetings take place which comprise of regular Operations meetings followed by Trustee meetings,
Annual General Meeting and an annual Budget meeting in accordance with the rules.
During the pandemic regular Zoom meetings took place replacing the physical face lo face meetings. This
worked well and will continue where required and needed.
The Trustees recognise the need for ongoing reflection and inclusion within its board lo ensure that all areas of
the police family are represented within its Operations Committee and Trustee board. Amendments have been
made lo the Charity's rules to ensure a more diverse and representative makeup of both is ensured and to that
end the Trustees have welcomed representatives of Black and Asian Police Officers Association, Women In
Policing and the Disabled Police Association to the Operations Committee.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Structurei governance and management Icontinuedl
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and C￿oPted under the
terms of the Trust deed.
Grant or Loan making policy
The Committees have no specific policies in relation to grants or loans. Each individual application is treated on
its own merits in relation to hardship and need.
Applications are submitted lo the general manager who invesligale8 and meets applicants usually face lo face
to establish certain facts and details. The general manager will then present these applications without
disclosure of applicants details lo the Operations Committee who then question the general manager on his
findings and scrulinise the application with discussions, between them. A vote on approval is then made by the
committee. This decision is later ratified by a Trustees board meeting who have the final approval decision.
d. Policies adopted for the induction and training of Trustees
New and existing Trustees have undergone appropriate training lo assist them in fulfilling their role which will
include understanding their legal obligations under charity and company law, Charity Commission guidance on
public benefit, the Operations Committee and decision-making process, the Charity s business plan and any key
recent financial performance of the Charity. This training was delivered by a qualified and suitable company,
Higgs and Sons Solicitors via their Charity arm. Refresher training will be delivered on an annual basis to
maintain full levels of understanding and govemance.
e. Pay policy for key management personnel
In 2015 following a readjustment of accountabilities and organisational structure, West Midlands Police
Benevolent Fund commissioned West Midlands Police Corporate HR to provide pay and grading advice for
roles within the West Midlands Police Benevolent Fund aligned to that of their structure in remuneration of
civilian Police staff. Following this ev8lu8tion, recommendations from that report were adopted and the West
Midlands Police Benevolent Fund continues lo align itself with those pay scales and structures.
The Trustees consider its key management personnel comprise the management team.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees, report and the financial statements in accordance with applicable law and United
Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel-
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view
of the state of affairs of the Charity and of its incoming resources and application of resources, including its
income and expenditure, for that period. In preparing these financial statements, the Trustees are required lo..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
stale whether applicable UK Accounting Standards {FRS 1021 have been followed, subject lo any
material departures disclosed and explained in the financial slalemenls.,
prepare the financial slalements on the going concern basis unless il is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy al any lime Ihe financial position of the Charity
and enable them to ensure that the financial slalements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the prevention
and detection of fraud and other irregularities.
Disclosure of infomiation to auditor
Each of the persons who are Trustees at the lime when this Trustees. report is approved has confirmed Ihal..
so far as that Trustee is aware, there is no relevant audit information of which the charitvs auditor is
unaware, and
that TrLJStee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charills auditor is aware of that information.
Auditor
The auditor, Cooper Parry Group Limited, has indicated his willingness lo continue in office. The designated
Trustees will propose a motion reappointing the auditor at a meeting of the Trustees.
Approved by order of the members of the board of Trustees on 21 March 2025 and signed on their behalf by..
SkJnÈdby.'
John Williams
Chairman
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WEST MIDLANDS POLICE BENEVOLENT
FUND
Opinion
We have audited the financial slalements of West Midlands Police Benevolent Fund (the 'charilable companll
for the year ended 31 De￿mber 2024 which comprise the Statement of Financial Aclivilies, the Balance sheet
and the related notes, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland. (United Kingdom Generally A¢￿pted Accounting Practi￿1.
In our opinion the financial statements..
give a true and fair view of the stsle of the charitable companls affairs as al 31 December 2024 and of
ils incoming resources and application of resources, including ils income and expenditure for the year
then ended.,
have been properly prepared in accordan￿ with United Kingdom Generally Accepted AccoLJnting
Practice., and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted OLJr audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities 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 charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial statements in the United Kingdom,
including the Financial Reporting CoLJncil's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordan￿ with these requirements. We believe that the audit eviden￿ we have obtained is
sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the TrLJStees' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material Ljncertainlies relating lo events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concem for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going con￿rn are described in the
relevant sections of this report.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WEST MIDLANDS POLICE BENEVOLENT
FUND {CONTINUED}
other information
The other information comprises the information included in the Annual report other than the financial
statements and our Audilorfs report Ihereon. The Trustees are responsible for the other information contained
within the Annual report. Our opinion on the financial statements does not cover the other infomialion and,
except to the extent otherwise explicitly slated in our report, we do not express any form of assurance
conclusion thereon. Our responsibility is lo read the other information and, in doing so, Consider whether the
other information is materially inconsistent with the financial statements or our knowledge obtained in the course
of the audit, or otherwise appears lo be materially misstated. If we identify such material inconsistencies or
apparent material misstslemenls, we are required lo determine whether this gives rise lo a material
misstatement in the financial stslemenls themselves. If, based on the work we have performed, we Conclude
that there is a material misstatement of this other infomialion, we are required to report that fact.
We have nothing lo report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work Undertaken in the course of the audit=
the information given in the Trustees, Report for the financial year for which the financial statements are
prepared is consislenl with the financial statements.
the Trustees. Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstslemenls in the Trustees. Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us lo report lo you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us,. or
the financial slalemenls are not in agreement with the accounting records and returns., or
certain disclosures of Trustees. remuneration specified by law are not made., or
we have not received all the infomialion and explanations we require for our audit., or
the Trustees were not entitled to prepare the financial statements in accordance with the small
companies regime and lake advantage of the small companies, exemptions in preparing the Trustees,
Report and from the requiomenl to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl are responsible for the preparation of the financial
statements and for being satlsfied that they give a true and fair view, and for such internal control as the
Trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitable companls
ability to continue as a going concem, disclosing, as applicable, matters related lo going concern and using the
going concem basis of accounting unless the Trustees either intend to liquidate the charitable company or to
ase operations, or have no realistic alternative but to do so.
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Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WEST MIDLANDS POLICE BENEVOLENT
FUND {CONTINUED}
Auditorfs responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misslatemenl, whether due to fraud or error, and lo issue an Auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delecl a material misslalemenl when it exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud, are instances of non-complian￿ with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to delecl material misstatements in respect of
irregularities, including fraud. The extent lo which our procedures are capable of detecting irregularities,
including fraud is detailed below..
Our assessment focussed on key laws and regulations the charitable company has lo comply with and areas of
the financial stslemenls we assessed as being more sUs￿Ptib1e to misstalemenl. These key laws and
regulations included but were not limited to compliance with the Companies Act 2006, Charities Act 2011,
Charities (Proleclion and Social Investment) Act 2016, tsxalion I￿lsIatIOn, data protection, anti-bribery and
employment legislation.
We are not responsible for preventing irregularities. Our approach lo delecling irregulari118s induded, but was
not limited to, the following..
obtaining an understsnding of the legal and regulatory framework applicable to the charitsble company
and how the charitable company is complying with that framework, including agreement of financial
statement disclosures lo underlying documentslion and other evidence.,
obtaining an understsnding of the charitable company's control environment and how the charitable
company has applied relevant control procedures, through discussions with Trustees and other
management and by performing walkthrough lesling over key areas.,
obtaining an understsnding of the charitable company's risk assessment process, including the risk of
fraud-
reviewing meeting minutes of those charged with governance throughout the year., and
performing audit testing to address the risk of management override of controls, including testing journal
entries and other adjuslmenls for appropriateness, evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting eslimales for bias.
Whilst considering how our audit wort( addressed the detection of irregularities, we also considered the
likelihood of detection based on our approach. Irregularities arising from fraud are inherently more difficult
lo deted than those arising from error.
Because of the inherent limitations of an audit, there is a risk that we will not deted all irregularities, induding
those leading to a material misstatement in the financial statements or non-compliance with regulation. This
risk increases the more that Complian￿ with a law or regulation is removed from the events and transactions
reflected in the financial slalemenls, as we will be less likely to become aware of InStan￿S of non-complianco.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional Con￿alment, 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 al.. www.frc.or
.uklaudilorsres
onsibililies. This description forms part of our
Auditor's report.
Page 12

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF WEST MIDLANDS POLICE BENEVOLENT
FUND {CONTINUED}
Use of our report
This report is made solely lo the charitable companvs 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 stale lo the
charitable companys members those matters we are required lo slate lo them in an Audilorfs report and for no
other purpose. To the fullest exlenl permitted by law, we do not accept or assume responsibility lo anyone other
than the charitable company and ils members, as a body, for our audit wort, for this report, or for the opinions
we have formed.
IrL T (tg
Glen Bott (Senlor statutory audltorl
for and on behalf of
Cooper Parry Group Llmlted
Stslulory Auditor
Cubo Birmingham
Office 401, 4th Floor
Two Chamberlain Square
Bimingham
B3 3AX
Dale.. 24 March 2025
Page 13

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Charitable activities
Other income
Investments
176,750
234,696
12,600
49,777
176,750
234,696
12,600
49,777
7,368
232,982
12,600
46,282
Total income
473,823
473,823
299,232
Expenditure on:
Raising funds
Charitable activities
9,286
335,563
9,286
335,563
8,730
282,706
Total expenditure
344,849
344,849
291,436
Nel gains on investments
96,837
96,837
74,783
Net movement in funds
225,811
225,811
82,579
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
2,433,006
225,811
2,433,006
225,811
2,350,427
82,579
Total funds carrled fonNard
2,658,817
2,658,817
2,433,006
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 16 to 29 form part of these financial statements.
Page 14

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
REGISTERED NUMBER: 03179216
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
Investments
666,873
1,710,213
675,779
1,579,207
12
2,377,086
2,254,986
Current assets
Debtors
13
75,561
266,899
26,753
195,125
Cash at bank and in hand
342,460
221,878
Creditors.. amoLJnts falling due within one
year
14
160,7291
143,8581
Net current assets
281,731
178,020
Total assets less current liabilities
2,658,817
2,433,006
Total net assets
2,658,817
2,433,006
Charlty funds
Restricted funds
Unrestricted funds
Designated funds
General funds
15
2,377,086
281,731
2,254,986
178,020
15
Tol81 unrestricted funds
15
2,658,817
2,433,006
Total funds
2,658,817
2,433,006
The Trustees acknowledge their responsibilities for complying with the requirements of the Ad with respect to
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordan￿ with the provisions applicable to entities subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 21 March 2025 and signed
on their behalf by..
n•dby'.
21l1t￿B18E8El8È..
John Williams
Chairman
The notes on pages 16 to 29 fomi part of these financial stslements.
Page 15

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies
1.1 Accounting Convention
Wesl Midlands Police Benevolent Fund is a private registered company limited by guarantee with
registered charitable status, in the United Kingdom. The company is incorporated in England. In the
event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the Charity- The address of the registered office is given in the charity information on
page 1 of these financial statements. The nature of the Charity s operations and principal acb"vities
are to prevent or relieve povety, suffering, distress or financial hardship amongst the beneficiaries
by providing financial assistance and support as well as letting holiday properties lo the
beneficiaries.
The Charity constitLJtes a PLJblic benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Praelice applicable to charities preparing their accounts in accordance wrth the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, effective from
1 January 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Practice as it applies from 1 January 2019.
The financial statements are prepared on a going cOn￿M basis under the historical cost convention,
modified to include certain items at fair value. The financial statements are prepared in sterling
which is the functional currency of the charity.
The significant accounting policies applied in the preparation of these financial statements are set
out below. These policies have been consistently applied to all years presented unless otherwise
slated.
Wesl Midlands Police Benevolent Fund meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value Ljnless otherwise
slated in the relevant accounting policy.
1.2 Funds
Unrestricted funds are available for use at the discretion of the Trustees in furtheran￿ of the
general objectives of the Charity and which have not been designated for other purposes.
Designated funds comprise unreslricled funds that have been set aside by the Trustees for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Page 16

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.3 Income recognition
All incoming resources are included in the Statement of Financial Activities ISOFAI when the charity
is legally enlilled lo the income after any perfomiance conditions have been met, the amount can be
measured reliably, and it is probable that the income will be received.
For donations to be recognised the charity will have been notified of the amounts and the selllement
date in writing. If there are conditions attached lo the donation and this requires a level of
perf0mlan￿ before entillemenl can be obtained, then income is deferred until those conditions are
fully met or the fulfilmenl of those conditions is within the control of the charity and it is probable that
they will be fulfilled.
No amount is included in the financial statements for volunteer time in line with the SORP IFRS
1021.
Investment income is earned through holding assets for investment purposes such as shares and
property. 11 includes dividends, interest and rent. Where il is not practicable lo identify investment
management costs incurred within a scheme with reasonable accuracy the investment inwme is
reported net of these wsls. It is included when the amount can be measured reliably. Interest
income is recognised using the effective interest method and dividend and rent income is
rewgnised as the charity's right to receive payment is established.
Legacies are included in the statement of financial activities when the charity is advised by the
personal representatives of an estate that payment will be made or property transferred and the
amount involved can be quantified.
Government grants are induded in the stslement of financial adivities when the charity is notified of
the award.
1.4 Expenditure recognition
All expendilvre is accounted for on an accruals basis and has been classified und8r headings that
aggregate all wsls related to the category. Expenditure is recognised where there is a legal or
conslruclive obligation lo make payments to third parties, it is probable that the settlement will be
required, and the amount of the obligation can be measured reliably. 11 is calegorised under the
following headings..
Expenditure on charitsb18 activities indudes both wsls that can be allocated dIre￿Y lo such
activities and those costs of an indirect nature necessary lo support them., and
Govemance costs including those costs associated with meeting the constitutional and statutory
requirements of the Charity and indude the audit fees and costs linked to the strategic management
of the Charity-
1.5 Support costs all￿ation
Support costs are those that assist the work of the Charity bul do not diredly represent charitable
activities and include offiTr costs, governance costs, adminislralive payroll costs. They are incurred
directly in support of expenditure on the objects of the Charity.
The analysis of these costs is included in note 7.
Page 17

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.6 Tangible fixed assets
Land is not depreciated. Depreciation on other assets is charged so as lo allocate the cost of assets
less their residual value over their estimated useful lives, using the slraighl-line method.
Depreciation is provided on the following basis..
Freehold property- Over 50 years on a straight-line basis
Plant and machinery- Over 4 years on a a straighl-line basis
Fixture and fittings- Over 3 years on a straight-line basis
The assets, residual values, useful lives and depreciation methods are reviewed, and adjusted
prospectively if appropriate, or if there is an indication of a significant change since the last reporting
date.
A tangible fixed asset is capilalised if it has an economic useful life that extends beyond 12 months
andlor was purchased, gifted or acquired by other means for a relatively high cost. A minimum
spend of £1,000 is recommended for spend to be dassed as a fixed asset.
1.7 Fixed asset investments
Investments are a form of basic financial instrument and are initially recognised at their transaction
value and subsequently measured at their fair value as al the balance sheet date using the closing
quoted market price. The stslemenl of financial activities includes the net gains and losses arising
on revaluation and disposals throughout the year.
The Charity does not acquire pul options, derivatives or other wmplex financial instruments.
The main form of financial risk faced by the Charity is that of volatility in equity markets and
investment market due to wider economic conditions, the attitude of investors lo investment risk, and
changes in sentiment concerning equities and within particular sectors or sub sector.
Unquoted investments are valued at managements best estimate of fair value and comprise medals.
1.8 Realised gains and losses
All gains and losses are taken lo the Statement of Financial Activities as they arise. Realised gains
and losses on investments are calculated as the difference be￿een sales proceeds and their
opening carrying value or their purchase value if acquired subsequent to the first day of the financial
year.
Unrealised gains and losses are calculated as the difference betW8en the fair value at the year end
and their Caryng value. Realisod and unrealised investment gains and losses are Combined in the
Slalement of Financial Activities.
Investments are slated al mart(et value as al the balan￿ sheet dale. The Stslemenl of Financial
Activities includes the net gains and losses arising on the revaluation and disposals throughout the
year.
1.9 Debtors and creditors roceivable I payable within one year
Debtors and creditors with no slated interest rale and receivable or payable within one year are
recorded al transaction price. Any losses arising from impairment are recognised in expenditure.
Page 18

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.10 Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without
penalty on notice of not more than 24 hours Cash equivalents are highly liquid investments that
mature in no more than three months from the dale of acquisition and that are readily convertible to
known amounts of cash with insignificant risk of change in value.
1.11 Creditors
Short term creditors are measured al the transaction price. Other financial liabilities, including bank
loans, are measured initially at fair value, net of transaction costs, and are measured subsequently
al amortised cost using the effective interest method.
1.12 Employee benefits
The Charity operates a defin8d contribution pension plan 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 paid, the Charity has no further obligations.
The contributions are recognised as an expense in the Slalement of Financial Activities when they
fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the
plan are helé separately from the Charity in ind8pendently administered funds.
1.13Tax
The Charity is recognised charity within the meaning of schedule 3 of the Charities Act 2011 and is
considered to pass the lesls sel out in Paragraph 1 Schedule 6 Finan￿ Act 2010 and therefore It
meets the definition of a charitsble company for UK corporation tax purposes.
1.14 Going concern
The financial stslemenls have been prepared on a going concem basis as the Trustees believe that
no material uncertainties exist. The Iruslees have considered the level of funds held and the
expected level of income and expenditure for 12 months from authorising these financial
slalemenls. The budgeted income and expenditure is sufficient with the level of reserves and a
significant net current asset position of £281,731 for the Charity to be able lo continue as a going
concern.
1.15 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measured al their selll8m8nt value.
Page 19

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
1.16 Judgments in applying accounting policies and key sources of estimation uncertainty
The preparation of the financial slalements requires management lo make judgments, eslimales
and assumptions that affect the amounts reported. These eslimales and judgments are continually
reviewed and based on experience and other factors, including expectations of future events that
are believed to be reasonable under the circumstances. The areas where these judgments and
estimates have been made include..
Depreciation and residual value..
The Trustees have reviewed the asset lives and associated residual values of all tangible fixed
assets classes, and have concluded that asset lives and residual values are appropriate.
Income from charitable activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Serving officers, pensioners subscriptions and support
Propety income
188,456
46,240
188,456
46,240
179,842
53,140
Total 2024
234,696
234,696
232,982
Total 2023
232,982
232,982
Income from charitable 8Ctivities for both years related lo unrestricted funds.
Income from donations and legacies
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Donations
8,040
168,710
8,040
168,710
7,368
Legacies
Total 2024
176,750
176,750
7,368
Total 2023
7,368
7,368
Income from donations for both years related to unrestricted funds.
Page 20

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Other Income
Income from non charitable trading activities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Rental Income
12,600
12,600
12,600
Total 2023
12,600
12,600
Investment Income
Unrestrlcted
funds
2024
Total
funds
2024
Total
funds
2023
Dividends
Bank interest
44,368
5,409
44,368
5,409
43,138
3,144
49,777
49,777
46,282
Total 2023
46,282
46,282
Income from investments for both years related to Ljnrestricted fLJnds.
Expanditure on raising funds
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Investment management fees
9,286
9,286
8,730
Total 2023
8,730
8,730
Expenditure on raising funds for both years related to unreslricled funds.
Page 21

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Grant making
Lettings
Govemance
141,370
38,405
131,686
273,056
38,405
24,102
219,096
41,755
21,855
24,102
179,775
155,788
335,563
282,706
Total 2023
145,401
137,305
282,706
Analysis of dired cost$
Grant
Making
2024
Total
funds
2024
Total
funds
2023
Letting$
2024
Gifts and consultations
20,779
33,850
18,922
54,242
13,577
20,779
33,850
18,922
54,242
13,577
10,748
27,657
12,324
38,075
19,429
20,323
13,495
10,748
31,007
Other convalescence
Orphans and other contributions
Grants paid
Repairs and maintenance
Depreciation on propety
Propety expenses
10,748
27,657
Total 2024
141,370
38,405
179,775
145,401
Total 2023
103,646
41,755
145,401
Page 22

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
Grant
Making Governance
2024
2024
Total
funds
2024
Total
funds
2023
Staff costs
Depreciation
Hotels, travel and subsistence
Printing and ststionery
Telephone and fax
Advertising and promotion
Bank charges
Sundry expenses
Insurance
Equipment
Loss on disposal of tangible fixed assets
Auditor's remuneration
97,080
7,077
1,201
768
898
11,689
550
97,080
7,077
1,201
768
898
11,689
550
87,043
8,243
994
1,537
2,588
12,038
409
1,087
1,052
876
9,408
1,087
1,052
876
9,408
12,750
11,352
1,068
1,264
266
12,750
11,352
12,000
9,855
Legal and professional
Total 2024
131,686
24,102
155,788
137,305
Total 2023
115,450
21,855
137,305
Expenditure on charitable activities for both years related lo unrestricted funds.
Net Incomlng resources
Nel incoming resources are slated after charging..
2024
2023
Depreciation of fixed assets
Auditor's remuneration - audit
17,826
12,750
8,421
18,988
12,000
7,771
Defined contribution pension cost
Truste&s' remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefils12023 - £NILI.
During the year ended 31 December 2024, no Trustee expenses have been incurred12023 - £NILI-
Page 23

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Staff costs
2024
2023
Wages and salaries
Social security costs
Pension costs
88,383
276
8,421
79,060
212
7,771
97,080
87,043
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
Management and administration
No employee re￿iVed remuneration amounting to more than £60,000 in either year.
The trLJStees consider ils key management personnel oomprise the management team. The total
employment benefits including employer pension contributions of the key management personnel were
£35,427 {2023.' £30,980).
11. Tangible fixed assets
Freehold
property
Plant and Fixtures and
machinery
fittings
Total
Cost or valuatlon
At 1 January 2024
Additions
900,601
18,327
118,3271
30,658
10,808
942,067
18,327
118,3271
Disposals
At 31 December 2024
900,601
30,658
10,808
942,067
Depreciation
At 1 January 2024
Charge for the year
On disposals
228,007
15,687
18,9201
30,658
7,623
2,139
266,288
17,826
18,9201
At 31 December 2024
234,774
30,658
9,762
275,194
Net book value
At 31 December 2024
665,827
1,046
666,873
At 31 December 2023
672,594
3,185
675,779
Page 24

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
Fixed asset investments
Other fixed
Listed
asset
investments investments
Total
Cost or valuatlon
At 1 January 2024
Additions
1,576,207
229,278
1213,7461
96,837
18,637
3,000
1,579,207
229,278
1213,7461
96,837
18,637
Disposals
Revaluations
Movement in capital account
At 31 December 2024
1,707,213
3,000
1,710,213
Net book value
At 31 December 2024
1,707,213
3,000
1,710,213
At 31 December 2023
1,576,207
3,000
1,579,207
13.
Debtors
2024
2023
Due after more than one year
Loans lo members
8,139
15,184
8,139
15,184
Due within one year
Loans lo members
5,823
3,164
58,435
5,706
95
5,768
Other debtors
Prepayments and accrued income
75,561
26,753
14.
Crgditors: Amounts falling dug Within ong year
2024
2023
Other creditors
Deferred income
55,295
5,434
38,618
5,240
60,729
43,858
Deferred income represents subscription income received in relation to the following financial year.
Page 25

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement offunds
statement of funds - current year
Balance at
31
Gainsl December
{Lossesl
2024
Balance at 1
January
2024
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Investment
Revaluation
Fund
Investment
Historical
Cost
310,415
(83,3351
96,837
323,917
1.268,792
117,504
1,386,296
Tangible Fixed
Asset Fund
675,779
18,9061
666,873
2,254,986
25,263
96,837
2,377,086
General Funds
178,020
473,823
1344,8491
125,2631
281,731
Total
Unrestricted
funds
2,433,006
473,823
1344,8491
96,837
2,658,817
Page 26

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds (continued)
statement of funds - prior year
Balance at
31
Gainsl December
{Lossesl
2023
Balance at
1 January
2023
Transfers
inlout
Income Expenditure
Unrestricted
funds
Designated
funds
Investment
Revaluation
Fund
Investment
Historical
Cost
289,867
(54,2351
74,783
310,415
1.204,347
64,445
1,268,792
Tangible Fixed
Asset Fund
691,798
116,0191
675,779
2,186,012
15,8091
74,783
2,254,986
General Funds
164,415
299,232
1291,4361
5,809
178,020
Total
Unrestricted
funds
2,350,427
299,232
1291,4361
74,783
2,433,006
Investment revaluation fund - this represents the revaluation element of investments which fluctuate on
a day to day basis. The Trustees believe that Il is inappropriate to consider that the unrealised surplus is
available for the ongoing work of the Charity.
Investment historical cost- this represents the book cost of investments which the Trustees maintsin for
long term investment and income generation. The income is used to support the charitsble objectives.
Tangible fixed asset fund- this fund will fund the future depreciation of fixed assets.
Page 27

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Fixed asset investments
Debtors due after more than one year
Current assets
666,873
1,710,213
8,139
334,321
{60,7291
666,873
1,710,213
8,139
334,321
160,7291
Creditors due within one year
Total
2,658,817
2,658,817
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Fixed asset investments
675,779
1,579,207
15,184
206,694
{43,8581
675,779
1,579,207
15,184
206,694
143,8581
Debtors due after more than one year
Current assets
Creditors due within one year
Total
2,433,006
2,433,006
17. Penslons and other post-retlrement beneflts
The charity operates a defined contribution pension plan for its employees. The amount recognised as
an expense in the year was £8,42112023'. £7,771).
18. Capltal commltments
2024
2023
Contractgd for but not providgd in thgsa financial statemgnt$
Windows refurbishment
18,327
Page 28

Docusign Envelope ID.. C29ADB05-c220492E-AFD￿sFC2BB8D1Bs
WEST MIDLANDS POLICE BENEVOLENT FUND
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
19. Related party transactions
During the year there were no related party transactions.
20.
Financial instruments
2024
2023
Financial assèts
Measured at fair value through net incomelexpenditure
Fixed asset listed investments (note 12)
Debt Instruments measured at amortlsed cost
Loans lo members (note 131
Other debtors (note 131
1,710,213
1,579,207
13,962
3,164
20,890
95
17,126
20,985
1,727,339
1,600,192
2024
2023
Financial liabilities
Measured at amortised cost
Other creditors Inole 14)
60,729
43,858
Page 29