DELIVERING WELFARE SUPPORT AND GRANT FUNDING FOR OUR MEMBERS AND THEIR FAMILIES SINCE 1968 South West Police Compassionate Fund www.policecompassionatefund.co.uk Re8iStered Charity 1191281 REPORT AND FINANCIAL STATEMENTS i January 2024- 31 December 2024 PAGE I To provide social and educational grants to dependent children ol the Fund. We ideiitify a 'dependent Lhild. as being a child of a member or theii. partiier, where one or m(Trre parent or guardian has died. We considt'i applLLalions for these children up uniil Ihi'y reach the age of 21 years and are still ii) full-time educaiion. To proi'ide grants to lielp cliildrei) of oiir member5 wlio have l)ealth, welfare, or educational needs. This M'ould be am'arded compassionate grounds i%.'here tl)ere is a need for addiiional support and assistance, which is not funded i'la statutory ageiicies nd cannot be easily met by the parents or guardians. We consider grants to help in cases where a meml)er or a family member has phyEical or menial healih challenges, in end-of-life care, bereai'emenl, family breakdowns, regular hospital visiting costs and specialist equipmeni and modifications which are not funded via a giatulnry agency. 'ro work closely with ihL' Chief Conslable. Ihe force Chaplaincy, NARPn INational Association ¢)f Retired Police ()fficersl, Ihe wellness team, Ihe Police FvderaliLTrn. and the Superintendents Assorialion. Working to provide a netw'ork ol support for all serving and retired Officers, and family members who are in need. W()rkiiig with departments ti) i.duLait Ihtbm on ihe posiiive M'vrk undertakcn by the chari¢y and L'nLourage membL¥rship ofihe Fund. Act as tlie sinsyle point olcontact for tl)e National Gurney Fund. Tlie LEO w'orks witli families, en8uring that aii}' cliild of a sen'iiig or retired oITicer nr Special o(Trn8table residing witl)ii) the r)evon & Lvri)wall area, M,hts lias lost a parent, or lias a parent wl)o has been retired due to ill health, is supported in making an application tn the national fund for financial support. The trustees have complied with their duty to have due regard to the public benefit guidance published by the Charity Commission. PAGE 3 ACHIEVEMENTS & PERFORMANCE The Trustees are pleased io report ihat grants awarded 10 our members or their families on compassionale grounds toral £ UZ)903 Inote 3 lo the accounts) coinpared io granis paid in Z023 £ 202,021. tl)erefore a decrease in grant funding of-£59,118 during 2024. The worrying increase in demand for assistance we saw in 2023 seems to haiie plaieaued. However, the economic cl)allenges facing the UK tontinue to adversely affect our memberg on lower incoines aiid those dealing M'ith complex health needs. We have seen an increase in the iieed iu i55uL. fo(Trd vnuchers, and assistance ivith basic lii'ing requireinents such as lieating. I'his is the col'e biisines5 of ilie cliarily, and Ihe Tnlsiees and Administration si3fl havL' Miorked hard to identify potential members iyho need assistance but have not approaclied tlie Fund for help. By providing p051tive support and encouragement. mernbers and their families have felt eiiahled in seek support, instead of struggling to cope in challenging circumstanceg. This is reflected in the upturn in ihe numl)er aiid type of api)licarions we now receive. We will coi)iinue io work in partnership to ideiitify tho*e Officer4 and families in need of supi)ort. Must of OUT nieiiibers are not entitled to any support via statutory ageiicies. The assistance Ironi tho Fund is.1 lifelinc. for OUT mcnibcrs and iheir depL'iidcnls. I'his support has tnaclL' reiil improvement5 to homi. life, and in iurn lii.jped them feel enabled to cope willi Ihi. cl3y-iu-Ilay challenges uf serving the communities of Devon and Comwall. LUMP SUM GRANTS If a meml)er of the Fund dies, Iheir partner or spouse is eligible to apply for a Lumi) Sum Grant of ui? to £6000 dei)endent oi) Ilieir finaiicial i)eed. The Admiiiistrator wriles to each (ainily, exrendii)g the cond(Trlences of the Trustees ai)d advising iheiii ihat ilie Fuiid is tl)ere to support them during their lifetiine. should they need assistance in accordance with our Fund rules on grant awards. During 2023 we awarded a iotal ol"£721500 in this Lategory. to bereaved partners. During 2024 the charity aw'arded a lotal of £51,605. a decrease of-£20,895. Several people declined io apply fur the grani on the basis Iheie nu finanL'ial negd. 'l-IIv5L' M'iduivs ivill still bi. eligiblLJ tu apply for spl'cial or L'mergenc). 8rants ii) Ihc fuiure. in ihe evcnt Iheir finaniial situatioii cleteriorates. The slight decline in awards 111 this calegory may be partly due to i)osl covid recoi'ery wiihiii tlie general populus of our members after a significant spike in the number of members M,Iio P4issed away iii 20Z3. Tl)ere is iio direct ci'idence tliat the rise in deaths was direcily related to Ci)vicl-iy, hom'ei'er l()ng c(Ivid ra5es, limitations in accessing NH5 treatment5, may have liad an indirect iinpact on reporied dL)atlis. PAGE 5 DEPENDENT CHILD GRANTS This is a grant awarded on an annual basis tn a child lor young personl who is under 21 years of age, and still in full time Edutation. lkne child will have lost one or hnih parents, 01. legal guardian. Only Children where one or both parents or legal 8uhrdians M?ere or are members of the fund may apply. In 2024 the charity awarded 'dependeiii child 8rants 01 £2>W to each eligible child or young person. The award of the Dependent child grant would not preclude further grant assistance from the Fund, where it is demonstrated that additional support is required. This M'ould be achieved via the special grant and emergency Special grani i?rocedure%. Whc>n the Fund receive information that a member or their partner has died, we make enquiries to establish if tl)ere are any dependent children. In ihlsse siiuatiuns. Ihe CEO will suppi)rt ihe bi'rcavc.d parlni'r iii making an applic'atii)i) to tIiL. Fund f()r assislai)ce. Witli permission, thL' CEO will obiain the necL'ssary informaiion and reflr the family tu ihL' Narional Cluriiey Fund. During 2024 tlie fund has awarded a total i)f £39p750 11) this caie80ry to 19 of our dependent cliTrldren. Three of our dcpcndcnt children have now complctcd iheir education, and we wish them evc'i'y surce55 in their fufurc chosen (areei's. INDEPENDENT DEBT ADVISORY SERVICE- SCHEME The fund cannot assist with grants to clear indebtedness, but where possible M'e try to support families with immediate welfare needs such as food vouchers. until they are able to deal with financial issues. As part ()f' the M'ider package of services, Ihe Fuiid can assisl with referrals to an ii)depeiident dcbt advisor for our member5, should they not be able to secure free independent Jdi'ice from the i'ai'ious governnient approved independent chariEies. such as'Naiional Debt HelplinL'. This setvice is free to those members idcntified as hal'ing significant and complex financial challenges, which cannoi be resoli'ed throu8h our grant making process. PAGE 7 THE POLICE CHILDRENS, FUND & THE COMPASSIONATE FUND. WORKING TOGETHER TO HELP CHILDREN IN DEVON & CORNWALL We are commiited to building positii'e working relationships with like-minded charities and organisatiuns to help ei'ery'one in the Policing family in limes of need. The SWPLF is pleased to work iii collaboration with tl)e Police Cljildren's Fund, whn aid police officers children M,ho are bereaved. or where an Officer has been medically retired. The charity provides regular financial grants for children where tl)ere is a proven financial need. The Compassionate fund CEO acts as the point of contaci for the Chief Consrable. so ihat families in the Devon and Cornwall region, who may be eligible for assistance from the National Cjurney Fund, are supporied in applying lor regular finai)cial assistAnc¢.. This assistance will be in addition to ihe Compassionate Fund annual 'dependent cliild, grants. No c()sts are charged to the Police Children s Fund or the Cl)ief s Office for ihis support, and we are pleased to continue this important work for children in our regioii. The Police Children s Fund provides regular financial assistanc'e for children ivlio liav¢ losi unc. or b()¢h parents. and where a serving offirer has been subjecl of ill healih retirement. Unfoi'tunaiely. only children of police olTicers or special consiables are covered by the Gurney Fund. If yuu kn¢)w of a child or young person who may be eligible, pleasv contaci our CE() for advice and assistanLe wilh applying for grant awards from this i)ational fund. A PERMANENT HOME AND WELFARE CONFERENCE FACILIT( PAGE 9 OSCAR KILO WELLNESS TOUR 2024 The charity is committed to working in collaboration with M'elfare teams frnm the wellne48 team M'itliiii the ConsiabLilary', NARPO. the Pnlice Federation and the Poliee Lhaplains, lo achieve goud outCOTnes fijr rhose colleagues who are siruggling with their liealtli, personal or professional challenges. and financial hardship. As part ol'ihis wider public l)enefit strategy. the charity is pleased to take a proactive role in the yearly Oscar Kilo Bus - health and ivelfare road tour of Devon and Cornwall srations. This l)as proven to be a success. and ive have reaclied out to many colleagues and membeT% in need of help. The stars of the shom, We￿ the OK9 welfare dogs. Tlie Tour not only raises tlie profile of ¢)ur charity but allows us to meet face-to-face with oificers and staff and idL'ntify il)e significani issues they are dealing with. FAMILY FUN DAY AT CORNWALL cOu￿y SHOW GROUND 2024 The charity was inviied to take par¢ in this wonderful lamily day. As part of oui. outreacli commitment, we met witli maiiy ofour member5 who were experiencing dI￿1c￿li1es. I'liis well-attendc.d ci'eiit hL.Iped to promote ihe charity and ihe fantasiic work our olyiccrs and staff carri. out lor the Lnmmunities of Dei'on and Cornwall. PAGE IT BLUE LIGHT SERVICE AT Ex￿ER CATHEDRAL 2024 This family service of celebration and thanks once Again took place at Exeter Cathedral. It was attended by members and their families. i%,ho give tlieir ser¥'ice aiid dedicalicjn LO tlie Emergency Senryces of Devon. Cornivall and Somerset. Our charity. along with the Devon and Cornwall Chaplains. were pleased to help with ai'rangemenis and the provision of mince pies. and refreshmenis for all participants and attendees. t)oiiations made at this event M'ill be equally diitided between our charity and the fil'e and arnbulance equivalent welfare charities. On behalf of ihe Trustees, we would like to extend our sincei'e gratitude tn all our members, their families and tlie ￿'Ider coininunity for their reguliir donation support, gifts and legac}. bequeatlis. Our cliariiy receive5 no statiiti)ry runding and without your support ive w(>uld not be able to coiitiiiue our grai)t funding work, wliicli in 3024 equated to grant am'ards of 1142,903. The charity would particularly like io thank ihe volunteer chaplains within Devon and Cornwall who provide pastoral care and a kind, confideniial listening ear to all our serving officers and staff, during times of distress. financial hardship, bereavement and ill health. PAGE 13 "ljoined Devon ond Cornwoll Polire in 2t)01. ond I hove ohvoys contributed towords the ompassionatefund knowing thai 5upporl is therefor colleogues but notfor one minute thinkin9 1 would ever need it. In June 2023 1 wo.$ diagnosed wilh o level 4 Glioblostomu broin iumour. Unfortunaiely. Ihe proyn05isfor this type of iumour i.£ poor aiid l iva.f tt)Id ¢hoi life expectaiicy might be between 6- 12 lllolltlis. It wos di]]iL"ult (o plan aheud due io despoir ond unL'eriainty. Initially I declrTred helpfrom the Souih West C-ompassronote F'und, but they kept in coi?toct ond helped me toforge a poth oheod. I have hod adoptotions within the home so ihat I can now cope with the limitations of the diseose. 7.hey have helped with monageoble trips and holidays so that I could enjoy life and moke precious memories with my wife, children ond otsr 9rondchildren. I cunnot thank ihem enoughfor iheir help. supporl and kindnes.f. and in enobling me lo Inoiiitain o PO.Slfive Yneni(rl otti¢ude (for the mosl pfjrf) despite being hdnded one of fhe rnos¢ difficult challenges I hove beeiifoced with. llie memories created within myfamily due io the compassionatefvnd s supporr will lost a lifetimefor me ond myfamify. Without doubt I would Ihoroughly recommend and encoura9e paying towurds thcfvnd. It s a greotfeelin9 to kilow you re there lo support your colleogues hul should your owi? chollenging situation arise then yots11 beforever 9roieful. Pleoseforyive me. but os I know how difficult the job can be at times I would like to thank Ynu for taking on the responsibilities within the world of Policing. Kiiid regords Dan "Pleose express my gratitude to the members and trustees.for the very generous gront award. The gront will make my lifr o little easier ond I reolly oppreciote itl Thunksfur all your kind words ofcondolence andfor ihe[rrendliness and support you huve given me. Your c'ompassion hu5 reully touched me, thonks oguin. Newly bereaved widow of the fund. PAGE 15 structure and the associaied work involved. could only have been achieved because of tlie support, dedicatii)n, and hard work of all the Trustees, our solicitor, and our financial advisor during the last 5 years. We wish to express our sincere ihanks for the support we have received from the Chief Coiistable, his office, and the training department ai HQ. proi'iding the charity hwith opportuiiities to raise awareness of the charity and (he benefils of membership. Oi) behalf of tlie members and the Cliief Execufivv of the Compassionate Fund we extei)d our sincere thanks fur the commitmL*nt and dedicaiion given to the Fund by all our I'rustees, and parricularly. those who have reiired froin the Board duriiig 2024. We would like to thank Mr. Spencer Prilrhard and Mr. Vince BL.dford- botli liavL. bc'en a stalwart Trustees lor ihe chaTily for many years. Their knowledge. advice and dedication will be a hard act to follow. Mr. Spencer Pritchard EVENTS AND PRESENTATIONS We are grateful to those policc ot7icers and staff wlio have gone above and bryond to help ¢lie public in time5 af crisis and need, and for those who give up time to 8iVL' presenlatioiis t() cornmunity gr()Iips and busii)csses. 'Ihi5 led to some unLixperied bul rnust WL.Ici)me donations. We pci'sonally thank each person who gave their lime to Lunduc¢ these events, and lor i)ominating our cliarity as the bL'iieficiary. We hope thal external lund-rai5ing evciits will increase in Future years. DONATIONS, LEGACIES & COLLE￿10Ns The Charity ha5 alivays relied on the monih-by-month donations 8]￿'en b), each officei. fi'om their salaries. This ongoing commiiment continues into Iheir retirement M."iih donations from their re8pective pensions. Withou¢ this loyal support (rom our members and the generous legacies and gifts, the charity would not be able to fulfil its cnre function to support thnse in need Of help at the most challengin8 times in their lives. PAGE 17 The CEO works iii p3rtnershii) with the Fnrce Lhaplaing atbd is biiilding po%itii'e networking opp(Ii'tunities ii'itli I he Force Wellness Team and otl)er group% such as NARPO. Wv seek ¢0 raise Ilie PTofile of the charity iyithin these teams. and in turn ihis mai. geiierale furtlier applications to join or rejoin tl)e cl)arit}'. Since the Fund is W'OTking to improve membership numbers and ensui'e I he 'rraceal)ility' of oui. retired memliers. the Managemcni Committee i'oted at the 2018 Annual (Jeneral Meeting, to ahnlish the practice of offeriiig free meinber%hip to members who reached their 70 Birrhday. Ihis decision was not taken lightly, but after careful con.sideration, it il'as ideniified that due tn the neiv Gt)PR legislation. i%'e could noi obtain updated address details for meinbers, unless thi8 was via the Tnonthl}' donations lists. I'hc Fund iiom. has ali inieractlVL' nieiiibership database. wl)icli ii'ill L'f15LII'L' Il)ai all rni'tnbL'r reL()rds aiid donations Jrt. kcpt up t() date, via thc n)oiithly doi)atii)i)% fr()In salary Iii. pciisioii. l-hL. backdarii)g of reiords 15 ongoing, and the Fund Adwninistral()r. Mrs Llii'issic Parker, sh()vld bl. commended for her diligence in ihis onerous iask. Existing meml)ers who fell within the 'Free Memhership. caiegory received leiiers duriiig iDIg and 2020 ancl the situation M'as pul)li4hed via nur ivebsite, NARPO rei)I'esentaiives 47nd Vicl the XI)ANI)LL retired otficer private M'ebsiie. We ihank the Chief Loiistable's officv and XPS Peii%i()n pr()viders for helping us to Irace tlie addresses of those Inembers Ivlio ive liad losi c(11)iact witl). We advise all nieiiihers to rl)eck their salary slips or pensii)11 slips to eiisiire iliat tl)eir iiien)bersl)ip dediiciions are being takei) a¢ sourre. Tliese are currei)tly set al £3.30 per In()ntl). The Fund Trustees are still able io am'ard'free Meinbership, wl)ere there is need on 'Li)mpassi()Iiate gruuiids aiid prui'Lli finaiicial ncL.d'. Thci'c 15 Still thc. opporluniry for SLri' io join or re-juin the Fuiiil ii'itliout Il)e re4uircbmLbnr r() I'epay d()nations daling back to I hL. dal£. tliiy joiiic.d thi. coiislabulary. A 12- monih moi'alorium on makin8 a 8rant application is applied li) any new, members in Ihis category. This may be M'ithdrawn at rhe discretion of ihe Trustees at any time. ILL We will cor)tiiiue to seek opportuiiities to mevt ivitli transferee officers ai)d offlcers leavirig tliv Dr&)anisati(Trn at the pnint of relirenient, an area ivliere ive are still losing existiiig mei)Ibership. Wurk has recomwnenced io cxplorc tlie wiabilil}' ofoffcriiig meMbl￿h1P to poliLL' 5tatr. PAGE r9 SUMMARY OF INCOME & EXPENDITURE Please refer tn the Report of the Tnistees and Audited Financial Staternents for the year end 31 December )024 11.hich is subTnitted to the charity Lominission as a separate doLument. 2024 Income • b)*Sim￿lIr￿ts￿e£1T1,72s be￿*s£S7.0￿) Dowlor¢ and In*r Sth>scrfjp•orts E748 Corf•ren¢•itrJmborAIN £i,O* 1x￿[l£40.7[￿ 2023 Income In%estm•ii Inc(mtEI￿.IQl • Legac*s bequests 133.2201 Donatior6 In-br¢e t￿￿161n8£3,6 • S￿scrIp00n5 ￿8.233 Conleren¢* r￿M bo¢alng>NII PAGE 21 STRUCTURE GOVERNANCE AND MANAGEMENT STATUS The Fund is a Charitable IncoTporated Organisation registered i%'ith the Charity Lominission registration number 1191281. The original charity will be retained under the auspice of the new Charitable Incorporated Organisation. The Charity register number for ihe old Lharity idetbtity Miill be 1191281-1. It ig ttn Dpportune moment ro thank the resignTng Trustees for their valued input and cc)iitribution to the Buard and tlie smooth running of tliis Fund. We ii'isli Iliein well in ihvir reiirenient from I he Ftsndlcunslabulary. I will take this opporttsnity to thank the Fund s accouniants. Ihe Investment Maiiagers James Hayl¢y-Bell and Alice Farrer for iheir professional advice and iiipui over the past Iwclve munths, and Mrs. Dianne Paramore and Ms. Vikki Colyer from Summer Audiico Lid. for conducting the Audii. hiel- ExeLUiiVe Offi¢er Oil bchalf of ihc 'l'wslCCS REFERENCE & ADMINisfRATIVE DETAIiS Charity Name: The South West Police Compassionate Fund Charity Number: Principal Office: SWPCF Unit 3 Providence Court Exeter Exz 5JL PALE 23 TRUSTEES Det. Chief Superintendent Stephen PARKER Constable Martin BECK Constable Natasha HILL Constable Anja JAMES Constable Sampson HILL Constable Sam SAMUEL I Police Federationl Retired Constable lenny TUCKER Retired S8t. Richard Poole Office Contact: Email.. hello@swpcf.org.uk Office: 01393 367566 Iwith voicemail facilityl Website: www.swpcf.or8.uk CEO: Sara wE￿C0 Office Administrator Christine PARKER PALE 25 REGISTERED COMPANY NUMBER.. CE023031 (England and Wale81 REGISTERED CHARITY NUMBER: 1191281 Fl el#1 t•mon outh West Polic n and Cornwall W5. •nd Or han Wid Sumer Auditco Limtsd Statutory A￿JrtOr 5 Barn￿k1 Crescent Exeter Devon EX1 IQT South West Police Com assionate Fund Inco oratin the Devon and Cornwall Constabula Widows. and O hans, Com assionate Fund - Cha No. 256931 Contents of the Financial Ststernents for the Year Ended 31 December 2024 P•90 R•port ofth• TnMt••• 1 to 2 R•port olth• Ind•pgnd•nt Audltor• 3 to 8 Sl•lwn•nt of Fln•n¢lal Aetfvitl•• Balanc• Sh••t 8 to 9 Not•s to thg Fln•n¢l•l Stat•m•nts 10 to 18 D•t•ll•d Stst•m•nt of FInI￿1•1 Acll¥l¢lg1 17 to 18 South West Police Com assionate Fund Inco ratin the Devon and Cornv•711 Constsbula Widows. and O hans. Com ssionate Fund - Chari No. 256931 Re rt of the Trustees for the Year Ended 31 December 2024 Thè tmstees who $r& •lso dir¥ctors tsf ts tharity for the wrposes ol Ihe CCrfnpan￿ Act 20C6. present their report with thg finanryal statements of the tharity for Ihe year erthd 31 Oecernber 2024 The trustees have adopted the provisions of Accounts"n9 and Reportiro by Charibes.. Statement of RecornmeTrJed Prxbce aFpliCa￿e to charit*dS prèparirKJ thèir accounts in accordartce wth the Finanoal RepKJrb"ry Stsrthrd appli¢abb in fv UK aTrY RepU￿1C of I￿18Thd IFRS 1021 leffèctiv8 1 January 20191 STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming do¢um•nt Thè chanty Is ¢OntrOll￿ by ts go¥tmiThJ do¢wn8nt. a ol trust. ar#J consb"bJtas a linrted company. limitsd ty guarAnt•?. a$ dèfined by thg ¢¢￿pan￿ Acl 2¢)C6 ReFeRENCE AND AOMINISTRATNE DETAILS R•gb•t•r•d Company numbèr CE023031 (England and wa￿$1 R•gl•t•r•d Charlty nurnb•r 1191281 R•gl¥t•r•d offi¢• Unit 3 Prov￿￿￿ Court Pynes Hill Exeter Devon EX2 5JL Tru•t• Retired Sergeant N R8bbrtls R¢tir8d Constabb O Jom¢s Company S•¢r•tsry Retired constab￿ D James Audltorn Sumer Audrtco Lwnited Slatulory Auditor S Barnfield Crescént Exeter Devon EX1 1QT STATEMENT OF TRUSTEES. RESPONSIBILITIES The tru5te8s (who are aL50 Ihe director5 of S(yJth Cc•))pass¥)n8te Fur•J lor the purposes ol c￿)mPanY lawl are responsib￿ for preparing the Report of the Trustees the financ￿1 statemerts In *COfdanca wth appI￿a￿a law and united King¢Jorn Accounbng Standards IUNted lQThJdryn Generally AC￿Pt￿ Aceountsn9 Practtsl Induding Financial Re￿rting Standafd 102 Ihe Finanoal Rerx)rb"rw Standard a[pl￿ab￿ in VK and Republic tsf Irdand" Cornpany law requir￿ th* trustees to prepare financial stat8mènts for èach frnancial year which give a true and fair view ¢f the 3tste of affairs of the chanta￿e company aTrJ oltt* incomiThJ resoufC•S and application of resoL+fc8s, Including the inccKne and expenditu￿. of Ihe chantable company for that penoj. In prepanng thos8 financial statements, Iha trustaas are required to S$￿tt SUrtab￿ 8ccountsry polia8s 8fKI then aw)ly them corristthity; observe the methcKls and prifKlp￿$ In the Chanty SORP". make judgements and eslimates that a￿ ￿asOnab￿ and pnhyent. prepa￿ the finartial statements on goirKJ concem bass unless it is inappropriate io ￿$￿ne that the thariiable company wll conb.nue In busi￿$$. p￿e1 South West Police Com assionate Fund Inco ratin the Devon and Cornwall Constabula wido￿￿. and O hans. assionate Fund-cha No. 256931 Re rt of the Trustees for the Year Ended 31 Decembèr 2024 STATEMENT OF TRUSTEES, RESPONSI8IUTIES- continu•d The trustees are ￿spOnSib￿ for keeping Proper ￿)unts.￿j records whrh disdose ￿asonable xtsjracy at any ts.me the financial posrtion ol the charitable company and to enable them to ensure that the financial statement5 cornply with the Compan*s Act 2006. Th•y are also ￿SpOn￿b￿ lor safeguarding thè assèts of charitablè company and hence for t8kiro rè8sonabb steps forthe prevenbon and deteGbon of fraud olher irTegulant Ill so far as the trustoes are aware.. thère is no r•lèv8nt Audrt informabjn olwhth ￿ thaniabbg eompany$ 4￿rtorS arts unaware. and the trustees have taken all steps that they ought lo ha%t laken to make thems8l¥w aware of any rel￿ant Audrt infonnats'on and to establish that the audrtors a￿ aware olthal informat AUDITORS The audrtor¥. SwTrer A￿￿itc0 knrnrted. wll t¢ wcposed ts re￿ntmen1 8t the f0thcC￿lffVJ Annual GO￿ra1 Mo8tsng. Appro%*d by order ol the board ol trusto88 on ............................................. aTrJ ￿nad ¢)n rts t•haNby. R•timd S*rg•onl N Rthrtts- Tru8ts0 Page 2 Re rtof the Inde ndent Auditors to the Trustee5 of S uth West poli￿ Com assionate Fund Opinlon We have aLKlited the financial statemwts ol South P￿1￿ Compassionate Fund Ilhe Chantab￿ company'l for thè yèar ended 31 December 2024 whth cfynprtse the Stat￿ent of Finanoal Actsvrtie5, the Balance Sheet and notes to the financi81 statements. incjuding a summary of si9nifunt accountsng policies The financjal reporting framework that has been applied In their preparation ts applicab￿ law and United Kingd¢)m A￿￿ntsng Stsndards (United ￿ng(lOM Generally Accepted Accountiry PractKel. indudiry Fin￿rjaI Rewrbng Standard 102 The Finanual Reporting Standard applicablè in the UK and Republic ol I￿￿nd,. In our opinion the financial statemenls". give a true and fair of the stsle of the chaittabte ccffipany's affairs as at 31 December 2024 and ol rt$ ¢n¢¢miThJ resource5 and application of resources. including rts Income and exreThJrture. fof tha year th•n èndéd. have been property prepared in accordant* Un￿d ￿.￿JdlYn G￿erallY A￿pIed Ac(rJunbng Practice, including Financial Reporting Standard 102 Th6 Finanoal Repo￿ThJ Stsndard appli￿ty1e in the UK and Republic of Ireland and hav6 prÉpar¢d in •¢¢ordance %wth ts wuirerrwls ol ts Crmpan￿$ Ad 20C6. B••h for oplnlon We conducted our audit in atcordaTV Wrth Intematson81 Stsndards on Audits'ro IUKI IISAS IUKII and applicable law. Our sponsibilili?s under those 8landards are fr+rther ¢Jescnbed in ihe Audrtors. ￿SponSibl111*S for audit of the fin8nrial $tatèmènt5 gection of our report are Independent of the Charrtab￿ ctsnpany In accordance with t￿ g¢hicHI requirements that are relevanl to our audit ol Ihè finanoal statèmtrnts in Ihe UK. Induyirg the FRC'S Ethical Standard, nd we have fiJlfilled our other ethical re¥)onstsilrtiès In acajrdance with Ilw requirernents believe that the audit evthnee wa ha￿ oblained Is SUffi￿nI anrj apwwnats to provth a basts for wnKJn. Conclu•lon• relalbng to golng con¢•rn In auditing the financial statements, we ha￿ ConC*J￿d Ihat trt*i•gs' w ol ¢oncom basis ol ac¢ouThtirvJ in the pr•paration of th• fina￿•1 Ststoments i¥ apprwnats. Based on WQfk we have perfomied, ￿ have not thnb"f*d any material unurtaintiès rolatsng to events or conditionB that. indiv￿ually or co1￿Ctive1y, may casl significant doubt on th• Chan￿b￿ t4Jmp8ny'$ atslity its ¢ontinue as a 9ThrrfJ corKern for 8 p8nod ol at ￿ast tsAlvè month¥ frryn tl* financial slatements are 81Jthorised lor issue. O¢Jr m8pon*bilth"¢$ responsits'lths of the tsuslees r•spect to wJiTrJ ar• d•sen￿O in th& rol¥v¥nt s*¢b'on¥ of Ihk4 report. Oth•r Inlorn)•tlon The Iruslees ar• rè¥)0Mkn￿ fr*r Iho ¢)ther infonnabon. The other infonnal'on compnses Ihe Infofftiat￿n IncSud8d in thé Annual Olhtrr th¥n the financaal glatements aTrJ our Report ofth8 Indyrthnt Audrtor¥ t￿m0ft. Our opinion on the finanaal statam•nts noi ¢tyver ¢tr*r infrymabon and. excepl to the extent othomse •xpliatly ststed in our rnport, we do not axprtss any lonn of assurance o)ndu5ion thefeon In connaetiw wth our audit of the financial st8t•ments, our r•spoMibilty is to the othtf informal￿n ¥ThJ. in doing , conskyer whether Ihe other Infomalion Is matenalty Inujnsistenl with the fin8nrJal 5tstements or our knowkdge obtained in the au(Jit or ￿h@￿1$¢ app8ars to ba rnatèrialty If we identify such rnaterial inconsistencies or apparent material misstatwntrn15. we are requi￿¢ lo detemire whether tho gNes nse to a matena1 rnisstalomènl in tha fin8ncig1 ststements themselves 11. based on the woth ￿ ha￿ parformed. condudg Ihat there ts a material misstatement of this other infonnation. we are required to report that fact have nothiTrJ to report In thvs regard. ma￿r• on wthlch w• ar• r•qulr•d to r•port by excep￿0￿ hava nothing to ￿pOrt in respecl ol Ihe lolhmrg matters ￿81& the Ch8nb•s (Accounts and Rèports) R¢gulatiC>ns 2008 requir¢5 to report to you if. in our wnN)n the inforrnats'on wen in the Rewjrt ol lh8 Trust8•s ra incortsistènt In any m•ton"al ro¥r*rt wth financlal ¥tatements. or the charitabk company has not kept &*uate accountiTrJ record5.' or the financ1al ststernents are nol in agreement wth the a￿InbrOj records aThJ ￿turnS,. or wè havè not ye￿1ve￿ all the informabon and eyplana￿ons we requir& for our audrt. Page 3 Re rt ot the Inde ndent Auditors to the Trustee5 of South W¢$t Police Com assionate Fund R•5pon¥ibilitl•8 of trustee8 As expbired morè fulty In the Slatement of Tr￿lee$, Responsibllrt￿, tt* tnL8lees Iwtt￿ are 8150 the directors of the charilabk company for the purposes of company lawl are respon51ble for the preparatson of the finamal statements and for being satisfied that they give a and fair wew, for Such inlemal cc¥)trol as the trustees deteftnine Is necessary to ènab￿ the preparabon of financk81 ststements thal are free from rnateri81 missl*ement. whether due to traud or error. In prepanng the finanrial statements. the tnjstees arfr responsib￿ for assessing Ihè charrtable companls ability to contsnue as a going concem. disc1051ng. as applicabk. rnatters ￿lated to going ￿)n￿rn ond usin9 thg 90ing concern basts of accounting unless the trustees ether intsTrJ to IyuKlate the charikbk ccynpany or to ￿3$• operaty'ons. or havè no realistlc bul to ¢Jo so. Page 4 rt of the Inde ndent Auditors to the Twstees of South West Police Com assionate Fund Our Mponslbilities for th• audlt of thè financial $latsm?nts We have ￿￿en appointed as audrtOTS under Se¢l￿)n 144 of charrt￿ Act 2011 aThJ rekxjrt In aceordan¢e with the Act ond relevant regulations ma(Jè gr havirg effect the￿U￿￿or. Our objethves are to obtain reasonablè assur8fK8 abo(rt whethef the financial staternents as a whole 8re free from material mi55tatemeTrt. vthether dL¢ to fraud or error, an¢J to a Report of the Independent Audrtots th81 includes our opinion Reasonable assurance Is a hmjh kvel of assuran￿, but Is not a guarantee that an audit conducted in accordan￿ ISAS IUKI VAII a￿ayS detect a matenal rnisstatemenl It èxists. Mis5tstements can ans• frorn fraud or error and ar6 consideth rnaterial il, Indmdually ¢y in the aggregate. they ct)uld reasonably be expected to influen the 8eonornic decisions ol usèrs taken on Ihe basts of thes• ffinar￿￿l ststwnents. The extent to which c￿r pr¢redu￿$ are Capab￿ old&ioth'TrJ ry￿ant*s. incJLKling hud i¥ detsibd below. Our approach ¢0 Identifying and assgSStrg Ihe Ttsks of matèrial misstst¢monl in respect of irrngul8ntso¥. induding fraud and non-cornpliance with laws and re9ulat1c￿5. vrns as fol￿w$.. the 8rrfJagom•nt p•rlner er6ured that thè •ngo98ment team C￿1￿￿￿ty had thè OPPTCPri8te ccThp8teneè, ¢apabilities and skills lo hI8ntify or ￿COgnise non-COm￿lance with awIcab￿ laws and ￿Ul9¢KIn$.. wg kyenlified the laws and ￿￿10￿.0n$ applicab￿ to Cornpany thrO￿h discussions wrth the directors and othèr mana9ernent. and from our ecffirnerryal kn￿+￿edge and èynence. we focused on spt¢ik laws and regula*ons whith ￿ consthred May hav8 a dir￿1 material effect on tha financkgl ststernents or th• opèratsons of the CL¥npany. IndLvJing the Ccmpanies Act 2CM)6. tsxaty'on *islatioTr, and èmployrnent 9islation. wè assessed Ihe ext•nt ol ¢onwIk9n￿ with Ihe lavra rtyuLglk)n5 hdenbfied th Ihrough rnoking erquines ol management. rew•wing corr¢¥poTh*rte iTrJustry wuk8tors. and Inspecting 18gal corr¢$pondenrAg'. and identified laws and regul•tsons were communicated vAthin the oudrt leam regulaity 8nd the te8rn remainèd to Instsnu8 of nw¥com￿i8nC6 throughjut fv a￿￿rt. Irrggularits'es. induding Iraud. are Inslan￿ of non they have alk¢abJ ¢0 acts'w￿5 on 8 basis consistent wth tha ustr of resour￿. Grants payable ar• p8ym•nts ma(le to individuals and ot￿r third part￿ in the fiJrthèran¢e of the chanta￿e obj•ctwès Grants •re onty re¢ognised in the SOFA onc• th8 wp*nts of the grants have provKl&d sufficK4nt thn￿ of ¢heir enbtlemenl to daim. Grants offered subjaet to ¢gTrJrtiws have not been met 8t Iha ￿ar and dat* 4r¢ noted as a commitment but not a¢crL￿d as èxpendrture. RabJlng fund• These are costs Incurred in ￿Unlary incon*. ts managemfrnt ol Inv•stsnènts and those incurred in tradirMJ actmtkis thal rak%• Charitsbl• activltl•J Charitable expe￿ltu￿ thos• costs ithyjrffjd by tt* tharty in ihe delibwy ol rts activth.ès and s?r¥ices lor ils benefirianes It Inclu¢*s both costs Ihal can be all￿ateLl direcuy to such admtss and ihos¥ eosts of an Indi￿Ct natu￿ necessary to support them. Governance ¢o•l• These Include the costs attnbUtab￿ to the charrty'5 C￿nPlIance wth ¢￿SbtUtrOn81 and statutory r8quir$rnents. induding au¢it. strategic managèrn8nt and trLB*' meebng5 and ￿mbul$e￿ expens•s. Tangiblè fixtd a8$ets Individual fixed assets costsrrfJ £1C#) inth.ally record•J at (XL81. Page 10 continued... South West Police Com assionate Fund Inco ratin the Devon and Cornwall Constabula Widows. and O hans. Com assionate Fund- Cha No. 256931 Notes lo the Financial Statements - continued for the Year Ended 31 December 2024 ACCOUNTING POLICIES . contlnu¢d Tanglbl? fixod al￿￿ Depre￿a￿On k% prowded on tar￿J1b￿ fixed assets so as to off ts o)st or valuatTh. less any estwnAted residual valug, 0￿r their 6xF*cted useful ecOn(M￿ lifè 8s fc41¢Ms.' Offie¢ equirffient 20% strabjhl line basi8 Freehold propoty $trayht li￿ basi8 T4x•¢lon The Charty is exempt frorn corporation lax ￿ rts tharrtat40 th"t•. Fund ae¢ounUng Unrè¥trthd funds can bè UWJ in accordane• thantabkn ob• •t Ihe discr•ts'on of Il* IrusteeB. Restricted fur￿5 ￿lY be us8d l¢*r parts'cular rnstrKted purposes within the otyeets of tho chjnty. R•stri¢ts'ons arise wh8n sw'fied by the t1onor or wl*n fvnds are rais•d for parb'rjjlar restnct•d purpc4es. P•n•lon ¢o•ts and oth•r po$tvr•tlr•m•nt ￿h•fil4 The chanta￿* company operates a defineij contrtJLrtion p*nwn sclKm8. Contn'butions pay8bl• to the tharita￿ eornparys FensKJn $C￿me •re tharg8iJ to lh• Slot¢rnenl of FinU￿tal A¢tiwDtrS in the p8r¢od to which t￿Y relate. Fl¥•d •￿•t In¥Mlm•nts Fixed Assèt In￿stMentS reprosèni ¥sse¢s hekj on the UK Sto¢k Market. Inv6strM•nt ore held for long term 9ain an¢J included * MKI market valL*. Any 9ains or loss•s ars I￿uded In the Statèm&nt of Incorne and Exp¢Thditure In t￿ yfjor. Incryne is recc¥3n¢¢)ntracttJal ¢Jbligthan i¥ dischar￿, cancel￿ or expl￿$. p￿ell continued... South West Police Com assionate Fund Incor oratin the Devon and Cornwall Constabula Widows. and Or hans. Com assionate Fund - Charit No. 256931 Notes to the Financial Statemgnts- continued for the Year Ended 31 DKember 2024 INVESTMENT INCOME 31.12.24 31.12.23 Other fixed asset invest- Fll Dewsit account inlerest 169.710 3,015 165.147 958 172,725 166 105 GRANTS PAYABLE 31.12.24 31.12.23 Grants lo widows and orphan$ I42,￿3 202.021 The total grants paid to indsviduals durKKJ thfy year was as foknv8'. 31.12.24 31.12.23 Lump Sum gr8nts Depondent child grants Special grgnts Other grants 51.605 39.750 50.748 8NJ 72,500 51.750 77,771 202,021 Grants to widows and orphans a5 disch)sed in the stat8mgnt of fin8no81 8ctivib'o5 on page 7 IrKludes an allocaUon of wjpport ￿$ts lotallrro £￿,139(2023..£T6.O6g1. NET INCOMEIIEXPENomiRE) Nel incomell8xpenditurg1 is $ts1gd after chargi1￿{Credib￿JI. 31.12.24 31.12.23 Auditors, remuneration Other non-audil servKes Dep￿CIali0n- ovme(l assets 7.684 3,167 7.354 2,919 TRUSTEES, REMUNERATION AND BENEFITS There were no trnstees, remunerdkn or other beMffts for the year ended 31 tYacemb¥r 2024 r￿ for the year ended 31 December 2023. No trustees, nor any persons con1￿¢10d Mth ￿rn, have rerENgJ any remLtnerntb)n frim the ¢h8rity during the year. No trustees have r￿eNed any other b8nefrts Ihe charity durirwJ the year. Page 12 continued... South West Police Com as5ionate Fund Incor ratin the Devon and Cornwall Constabula Widows, and O hans. Com a$$ionate Fund - Chari No. 256931 Notes to the Financial Statements - continu for the Ye r Ended 31 December 2024 TRUSTEES, REMUNERATION AND BENEFITS- conllnued Tru•t••8' èxpon￿$ During the year the chanty m¥de the lollwrvj trans%ts)rts InJstees'. Spencer Pritchard £012023. £4521 ol travel costs wera oThbursed to Spencer Pritthgrd ￿rir9 the year. Jenny T￿￿er £012023.. £501 oltra¥el Costs remburs¢d to Jenny Tu¢*8f dunrvj ts year STAFF COSTS The averago monthly numter ol empknY￿ aurir*3 the yearwas as fc41 31.1224 31.12.23 Fund admini4tr8tion No employ•8s r•cei¥ed emolwnents in ¢x¢4$3 of£60.C£Q. COMPARATWES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslricled ftjnd Restr￿ted fund Totsl funds INCOME AND ENDOWMENTS FRCAI Donations and 46.652 46,652 In￿trn8nt inc4)m• 186 10S Totsl 212.7S7 212 757 EXPENOITURE ON RaLsiffj lunds 59,477 59.477 Ch•rltabl• aetlvitbe* Grants to and Goveman 278,09) 278.09) 17,294 Total Net gains on in¥•sbnents 243 098 NET INCOME 1C(1.994 1￿,994 RECONCILIATION OF FUNDS Tot81 luThJs brougtht forward 6,345.C66 6,345.066 TOTAL FUNDS CARRIED FORWARD 6.446.060 P4e 13 eonlinued... South West Police Com assionate Fund Inco oratin the Devon and Comwall Constabula Widows. and O hans, Com assionate Fund - Chari No. 256931 Notes to the Financial Slalements - continued for the Year End￿ 31 DKember 2024 TANG18LE Fixeo ASSETS Freehokl property Office equipment Totals COST At 1 January 2024 aTrJ 31 Cwembef 2024 451.8e6 72,949 524 815 DEPRECIATION Al 1 January 2024 Charg0 for ye•r 373 187 38,345 38.718 At 31 DeCam￿r 2024 50,427 NET BOOK VALUE Al 31 De¢ern￿r 2024 22 $22 473.828 Al 31 D¢¢ember 2023 451.493 34,604 486.097 The resttlual v8lu• Oft￿ prwty B £450.(KM). FIXED ASSET INVESTMeNTS Li61ed invegtmenls IARKETVALUE At 1 January 2024 Addition$ Disposa15 Rev8luatKJns S,761,878 1,372,055 11,391,175) 374 799 Al 31 D8¢wnber 2024 fj117557 NET BOOK VALUE Al 31 D8¢ember 2024 6117557 Al 31 Dewnber 2023 5 761878 The total Invèstrnent a55els insNJe the UK for ts year are." £1.975,07B The tot81 Invtsknenl a5sels outside the UK for the year arè". £4.142.479 Ths hi8tG¥ic cost ol irNestrnents camed at math•t Val￿ ts £5.317.822 10. OEBTORS.. AMOUNTS FALLING Due w￿NIN ONE YEAR 31.12.24 31.12.23 Other debtor5 71,480 62,612 Page 14 continued... South West Police Com assionate Fund Inco oratin the Devon and Cornwall Constabula Widow￿, and O hans. Com ssionate Fund - Cha No. 256931 Notes to the Financial Stst¢ments - continued f r the Yoar Ended 31 December 2024 11. CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 31.12.24 31 1223 12. MoveMENT IN FUNDS Net movement in fur￿$ At 31.12.24 At1.1.24 Unrn•trfct•d fund• GO￿ra1 lund 8.446,C60 419,802 6.865.862 TOTAL FUNDS 6.446.C60 6 865 662 Net mov•m•nt in funds, induded in the abm ate as fd1r1￿.. Incoming Rexjurces resourees expended Gains and losses Movement in fund$ Unr••trbet•d fvnd* General hjnd 353,923 1309.8091 375,e88 419,802 TOTAL FUNOS 353.923 375 688 419 802 Comp•rntlvM for mo¥•m•nt In fvnd• Nel movement in funds Al 31.12.23 At1.1.23 Unr••trl¢t•d fund• Gemral fund 6,345.C66 1CQ.994 8,446.060 TOTAL FUNOS Cornp•rstNe net rnoven￿nt in funts, i￿Jed in th• abo¥• ar• 0$ blbw3' Incoming resources Resources expended Gains and losses Movement In fund$ Unr••trict•d fvnd• Gereral frjnd 212.757 1354.8611 243.098 1(￿.994 TOTAL FUNDS 212.757 354.8611 243.098 Page 15 continued... South West Police Com assionate Fund Inco ratin the Devon and Comwall Constabula Wido￿. and O hans. Com a$$ionate Fund - Cha No. 256931 Notes to the Financial Statements - Continued lorthe Year En ed 31 December 2024 12. MoveMENT IN FUNDS - contlnu•d A current year 12 months pnor yo01 12 monlhs crynbirMI poS￿"0n is as follo￿. Net movement in lunds At 31.12 24 At1.1.23 Unf••irtct•d fund• G•nèral frjnd 6,345.086 520,796 6,865,662 TOTAL FUNDS 6,345.C 520 796 6.865.862 A current year 12 months and pnor y•ar 12 month$ in fvTrJs, induded in the above are as lollows". Incoming resources Resources expended Gains and losses Movement in fund¥ Unr••trlet•d fund• G•naral lund 1864.8701 618,788 520,798 TOTAL FUNDS e84.670 618.788 13. RELATED PARTY DISCLOSURES Thor& wer8 no rèlated party trans&￿)8 for thè ytr•r eThded 31 Oecernber 2024. See not• S for detall• ol Trustees èXF*nsès pa￿ in thè yèar. PwJe 16 South West Police Com assionate Fund Incor ratln the Devon and Cornwall Constabula Widows, and O hans, Com assionate Fund - Chari No. 256931 Detsiled Ststement of Financial Activiti for the Year Ended 31 December 2024 31.12.24 31.1223 INCOME AND ENDOWMEP4TS Dona￿￿￿1 and l•gacl Donati￿9 L8gacie$ Subsuipty'ons Conference room bookings 44,278 57,OQ) 78,880 3.639 133.2201 76.233 181.198 46,652 In¥••kn•nt Incom• Other fixed asset Invest- Fll Dep05it account interest 189.710 165.147 958 172,725 186.105 Total Incomlnq rn•our¢•• 353,923 212.757 EXPENDITURE l•lng dona￿OnI #nd l•oa¢l Postagt and slat￿N4ry Markeung 1.483 1.829 6,110 3.312 6.110 Inv••trn•nt man•g•m•nt co•ts Portfolio management 34,762 33,214 CharltAbl• aetlvlll•• Gr¥nts to iThdividu81 142.9)3 202,021 Support ¢08t• FIMne• Bank charge¥ 148 136 Human r••ourt•# W8ges Social gecurity Penswjns 65.974 1.242 6.392 59.571 1,470 8799 73.608 69,840 Oth•r Rènt, rates and wat8r Insurance Lighl and hè* Telephone Postage and siatH)nery Computer. websrte and sundrhrys Carried forward 3.435 889 2.733 3.5C 52S 811 1.e82 2.672 292 10.177 16,159 13,210 23.982 This page does not fomi part of the sL*utory financ￿1 statements Page 17 South West Police Com assionate Fund Incor oratin the Devon and Cornwall Constabula Widows. and Or hans. Com assionate Fund- Charit No. 256931 Detailed Statement of Financial Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 Other Brought forward Fire and security Repairs and renewals Depreciation of taroible fixed assets 23.982 1,329 176 12.268 16,159 1,604 514 13,011 37.755 31.288 Go¥•rnanc• ¢￿ts TTuslees' expenses Auditors, remuneration Auditors, remunerab'on for audrt % InsurJn¢e other goveman&8 costs Professional fe88 502 7,354 2,919 1,377 3.167 815 405 5.250 Total resourc8s exFond•J 354.861 N•t Ineomèll•xp•ndltur•l b•for• g•ln• •nd lo•••• 44.114 1142,1041 R•all••d r•eOgnIs￿ galn8 and losws Realised gainslllossasl on fixed as$4t Investments 243,098 N•t Incom• This page does not form part of the stslutory financial statements Page 18