CHARITY REGISTRATION NUMBER: 257462 Norfolk Constabulary Benevolent Fund Unaudited financial statements 31 December 2024
Norfolk Constabulary Benevolent Fund Financlal statèments Year ended 31 Dècembèr 2024 Page Trustees annual report Recelpts and P8yments Account Statsmènl of Ass8ts and Llablllll88 Independent ExamIne8 Report
Norfolk Constabulary Benevolent Fund Trustees, annual report Year ended 31 December 2024 The trustees are pleased to present thelr report, together wth the flnanclal statemants for the year ended 31 December 2024. Reference and admlnlstratlon d8tall8 Reglstered charlty name NL)rfolk Const8bul8ry Benevolent Fund Charlty ragSstratlon numbgr 257462 Prlnclpal Offl08 Norfolk Constsbulary Jubllee House Falconers Chase Wymondham. NR18 OWW The trustees The truste&s who served durtng the year and al the dale of approval wer8 follo.. Exacullva oomm11 N Davison J Bro¢me L Blshop (Chalrl (Vice Chairl (Treasurer, appointed July 2024, r&slgned February 20251 (Trèasurèr. 8PPOinted March 20251 IS8¢retaryl (Deputy Socrelaryl (Forrner Treasurer, rasigned July 20241 T Hammond H Ireson J Wright J Brown Cornrniltee R Bray S Cooper D Cormican L Dennis A Edge K Gi1118s l Hlcks J Higglns R Jeffrey D Johnson S Murray T Pearce P Roach M Shépherd J Squlr$s E Walson P Wheatley M Askham IResigned January 20241 S Rose (Retired June 20241 S Schucroft IR&lir8d June 20241 J Sllom IResign8d June 20241 Nallonal Assoclalion Rellrad Pollo8 Officers (NARPOI representative P Bassham {Appoinled June 20241 M Scott (Appointed April 20241 M Cox (Retired February 20241
Norfolk Constabulary Benevolent Fund Trustees, annual report (contlnued) Year endod 31 De¢ember 2024 Banker8 Barclays Bank PIC L6lc08ter Leice8tershlrs, LE87 2BB Ind8pènd$nt éxamSnar A Robinson FCA Lovewell Blake LLP First Floor Suite Unlt 2 Hlllside Buslness Park Bury St Edmunds. IP32 7EA Obl$¢tlv¢s ond acllvltles The Norfolk Con8tsbulary Benavolgnt Fund was established lo assist in n88dy c88e8 of members, fomer members, th81r wldows, orphans or d6pendants. 11 carrles out these objecllve5 by pgyiny grants and provldlng crl£ls loans whére n8¢es89ry 85 wèll as the provlsion of holiday hornes for subsldlsed holidays and for respite or convalesc8nc8. MeTnber8hip of the fvnd is open to 911 s¢tvlng offlcers of Norfolk CDnsl8bulary. The fund asslsts members. former memb8rs, their widows, orph8llS and dep8ndants In Ilm85 of hardshlp. The fund aims to harp current members In need lo return more quickly to perfomi Lhalr duti6s lo tha public. Public benefit In shaplng our objectlves for tha y8ar and plannlng Qur actlvilies, the Trustees have consldered the Charity Commissions guidance on public benefit when setting th8 objBctive3 forth¥ year. The Tnjstees confim Ihat they hav8 cornplled wlth the duty In secuon 4 of th& Charltles Act 2011. Achl¥v$m•nts and p&rformance The fund g8nerales thè malorfty of Ib Incomè from monthly contrtbutEons made by offic8rs In tho Norfolk force. (Xher Income is derlved from donalions an¢J collection boxes 81 each of the statlonp. Investment Income is earned from balance8 held In th8 fund's bank 8¢coun, Charlfund Unlts held wllh M & G Securiues Llmlted, and Snvoslm¢nts In COIF Charflles Funds. The fund owns and operates two mobi18 homes 8t Kolllng Heath. One moblle home Is used lo provSde free respite a¢commodation for members In need and was used by resplle cas9$ durlng th6 yaar. The second is let to membars for short bSk5 to generate Income lo help finance the running costs of both mobile homes. The fees harged are revlewed annually. Tha runnlng costs ara reviewed regularly and the future of th& mobile homes contlnue$ lo be r¢vl8w&d. During Ihg year 16 12023.. 1518pplirstions for finan¢ial asslstance ware received of which 8 12023.. 61 w8re approved in this year. Of these 8 gr8nls, 4 lumed Into 8 crisis loan. £8.09012023- £10,919) was p8ld in grants and donations lo members and former rnemb6rs or thelr dependants. Trustee representation a¢ro$$ tho COLJnty Is nslanlly monitored to be able lo identy new cases of need. During the y88r the Iruslees h8ve followed the PDllcy Ihat.a quorum shall be entltled lo mako a Grant not excaeding 5% of Ihe total investment and cash assats of th8 fund, as publlsh&d in the Annual report.
Norfolk Constabulary Benevolent Fund Trustees, annual report (contlnued} Year ended 31 December 2024 Stru¢ture. govèrnance and management The fund was established under rules adopted in January 1968 as amended on 17 March 1994..The property of the fund Is vested In trustees 2nd th& m8n8g8ment Is through tha Exè¢uUv¢ Commltt66. The fund Is now worklng tts the rèvlséd consltutlon 8doptad In 2014. Th6 current truslaes are shown within Ih8se financial stsltsments Includlng those who havo s8N$d durlng tho year and any 8ppoinlrnenl and rosignalion dates a8 required. Membership is open to police officers of any rank 38rving Norfolk Con5tsbulary. Thè Exgoutlve Commlltse Is elected by the membars. Flnanclal rovlew Income Sn the year end9d 31 Decembtrr 2024 amounted to £56.883 {2023: £46,233). Of whlch. ho15day home rental amounted lo £13,81012D23.. £12,096). Expenditure in the year ended 31 December 2024 amounted lo £39,11712023- £41,614). The net recelpl In the y88r to 31 De¢èmbar 2024 amounted to £17,766 12023.. net receipt of £4,619) which has in¢reased tho balan¢e of Ga$h funds lo £96,025 12023; £78.2591 at the year-end dale and remains to be carried forwald. The nel payment Is expected and In linè wlth the Reserves policy noted below. Res8rvgs poIIcy The charity needs werves to generate Investment Inm& lo help fln8n¢e grant expendlture: The investments are reviewed with the fund's inve81menl advlseTS regularfy to ensure that sufflclenl Ilquld reserves are avallable lo m¢et predicted expenditure for the ensuing six months. The charlty's reseNe8 poll¢y Is to malntaln re$eNes al alovel 8dequ8ta.lo protect Ils ongolng work. Thls pollcy is rav1ed annually. Thè charity aims lo hold sufficSènt res8rv88 lo covèr six months, runnlng coslg less purchasa of assets. this equalgs to £19,55912023.. £20.8071. The tharity'3 recelpts and payments unrestricted cash 05 3131 Deoember 2024 is In SLtrplus wllh BCtuBI reserves being £96,02512023.' £78.259). The tru8lees will look to 8xp8nse axcess fund8 OV8r the fore8eeabl8 future and the truste88 ¢onsid8r th81 the charSty will contsnue as a golng concern. There are no material uncertalnt4.es about the charivs ability to Continue. Plan5 for future perlods The ¢horlty plBns to con¥nue lo Bsslst members, fom)er members, their widows, orphans or dèpendants Over the next yfjar and In dolng so plan lo pay grants and provldo holldoy homès for SLJbsidised holidays and for respite or eonvaléscancg for thè fores88ab18 fLSture.
Norfolk Constabulary Benevolent Fund Trusteo$' annual report (conunued) Year ended 31 December 2024 R•lat•d party tran$actlons Trustees were relrnbursed arnounts relaltng to out of pocket expgnses totalling £2.384 12023.. £2151 durfng tha ye8r. Ther8 wero no olhar relatsd paty Iransathons during thls or the prior period. True and falr ovorrlde The financlal statements have been prepared to give a Irue and f81rf viaw and have dgparted from the Charities (Accounts and Reports) Regulations 2008 only lo the oxlanl r8qulréd to provlde a ue and fair view. This departure has involved followino the Accounting and Reporting by Charities.. Statemenl of Recommended Practic8 appllcable lo charlbes preparlno Ihelr accounts In 8ccord8nce wlth tha Flnanclal Reporting Standard applicable In the UK and Republic of Ire18nd i88ued in October 2019 rathor than the Accountlng and Reporting by Charities.. Statsmenl of Recommanded Praclicts offe¢tlvè from 1 Aprll 2005 which has since been withdrawn. Independent examiner reappolntment A resolution to appoint A Robinson FCA of Lovewell Blake LLP as Independent ex8rnlner 11 be proposed at the next Annual General Meeting. The trusts85' annu81 r8POrt W88 approved on ...-. and Signe on behalf of the board of trustees by.. N Davlson T Hammond Chair Treasur
Norfolk Constabulary Benevolent Fund Recelpts and payments account Yaar ended 31 December 2024 2024 2023 Recelpts: Donallon5, lega¢les and grants Donallons and colle¢llon boxes Legacie5 6,073 4,912 6,073 4,S12 Interest receivèd COIF deposlt account COIF fixed interest fund" COIF property fund COIF'elhlcal fund 45 345 706 31 245 502 744 2,143 1,606 33,251 13 1,522 1,525 26,178 Dlwdends ye5Ved Members, 8ubscrtplions Holld8y home rents5 Totsl raeaipts PaymÈnts', Financlal assistance Police convalescent home out of pocket expenses Hollday home runnlng costs OPCCN AdmlnlstratSon post Legal and professional fees TnJsla8 Indemnlty Insurance 8,090 227 21,207 7,613 1,980 11,346 815 20,265 7,011 1,836 341 Total p.ayments 117 Net re¢olpts for thg ar 17,766 4,619 Cash funds al 31 December 2023 Cash fvnds at 31 Decomber 2024
.Norfolk Constabulary Benevolent Fund statement of as66ts and11obSlltlos A8 at 31 Decèmber 2024 2024 Unr•strioted Funds 2023 Unr06trl¢tdd Funds Current4s¥ol$ Debtor& 2,508 655 Barcleys currenl 8ccounl COIF GhAlI&S dépDsll 8ccount To181 cash funds 81.443 65,820 9&,025 78,259 Total current assats lialuatlon 2024 Valuatlon 2023 Inv86tmgnt assot8 M & G Charflund unlts COIF Chaillles Nxgd Intsrasl Fund COIF Charllles Prop8rty Fvnd COIF Chartlbs Ethlcal Fund 26,270 4,632 5,706 25.603 4.494 6.679 Total Inve61menl a$69ts 57 CD* Valuatlon 2024 2024 Cost VBluatlon 2023 2023 Assel8 relalned fol own use Hollday hom¥ al Kelllng Hth- Plo145 53,80D 42,995 53,800 42,995 Hollday hoFnd 8t Kèlllng Ha8th- Plot NR20 S9 59 995 Totsl as8els rotalnqd for owh u 99 18dltors and BBcruals Crédllor8 and 8¢W81s Tolal118bllMIg$ TheBe ffnan¢lal 61alernents w8r& approv8d by tho IrLJ6teg5 on.., 231osl.£ots.&nd are slgn8d on th&lr behalf by- N Davlson T HBrnmond Chalr Treasurer
Norfolk Constabulary Benevolent Fund Independent Examln8r's report to the trustees Year ended 31 December 2024 I report to the charity trustees on my examinallon of thè ac¢ounts of the charity for the year ended 31 December 2024 which are set out on the alor& menllonod pagos of th88e linanci81 stslements. R•spon8ibllltles and basis of pOrt As the charity's Iruslets5 you are re8ponsible for the preparatlon of the accounts in accordance with tho raquirements of the Charllies Act 2011 I'lhe Acl'l. I r8POrt in respect of rny examination of the charfty's accounts carrfed out undar section 145 of the Act and in carrylng out my examination I have followed all the appllcable Dlrectlons glven by the Charfty Commission under . section 14515llbl of the Act. Independent examlnorfs ststement I have complatad my examlnation. I confirm that no matorial m8tters h8v8 come to my attantlon In conneetlon wlth the examination giving me cgusg to bo1i6ve that in any m810ri81 resp8Ct'. 8c¢ounllng re¢ords wore not kept in respgct of the Charlty as required by section 130 of the Acl-, or 2. th$ È¢¢ount8 do not accord with those records- or thè accounts not complywilh th8 applicable requir8ment8 conceming the form and conlenl of accounts sel out In the Charities (Accounts and Reports) Regulations 2008 other than any raquirement that the accounts glve a 'tru8 and falr view, whlch is not a matt8r consld8red as part of an Independent examlij Rb'on. I have no concems and have come across no other matters in connectlon with the &x8min81ion tu whlch 8ttendon should be drawn In Ihls report In order to enable a proper understanding of the accounts to be reached. Your attention is drawn to the fact that the CharSty has prepared the accounts (financial statements) in accordance with Accounting and Reportlng by Charitles.. Statement ol Recommended PraGUce applScable to charities preparlng their accounts In 8ccordance with the FinanciBI Reportlng Standard appllcable In the UK and Republic ol Ire18nd {FRS 1021 In preference to the Accounting and ReportSng by Charitles.. Statement of Recomrnended Practlce issued on 1 Aprll 2005 whiah is referred lo In the extant gUlatIonS bul has sln¢e been wlthdrawn. l und$rst8nd that this has been done in order for the accounts lo provide a true and fair vSew In accordance wlh the Generally Accepted Accountlng Practlce effectlve for reporting perlods beglnning on or after 1 January 2015. A Roblngtsn FCA Independent examiner Lovewell Blake LLP Flr8t Floor Sulle Unit 2 HilL%ide Business Park Bury St Edmunds IP32 7EA 0.4.lofjl.2a