Charlty number: 257564 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 THE SUSSEX POLICE CHARITA8LE TRUST CONTENTS Page Reference and administrative details of the Charlty, Its Trustees and advlse¥s Trustees. rèport 2-19 Independent auditors. report on the financial statements 20-23 Statement of financial activities 24 Balance sheet 25 Statement of cash flows 26 Notes to the financial statements 27-40 THE SUSSEX POUCE CHARITABLE TRUST REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Tru¥to0s S Biglands (Honsl, MA Msc, Chair L Care, Vice Chair and Honorary Treasurer J Brook5 J Chapman S Cobbold S Murphy S Burfool S Webb, Honorary Socrelary E Manklow J Ashford N Grimwood-Jone$ Charfty registered number 257564 Prlnclpal offko Sussex Police Headquarters Malling House Lewes East Suss¢x BN7 2DZ Patrons Chief Constsble Jo Shiner and Peter James Independent audltors TC Group Statutory Auditor One Bell Lane Lewes East Sussex BN7 1JU Bankars CAF Bank Ltd PO Box 289 25 Kings Hill Avenue Wesl Malling Kent ME19 4JQ Investment advlsors Chades Stanley & Co Ltd 6-10 Mount Ephraim Road Tunbridge Well$ Kent TN1 1EE Page 1 THE SUSSEX POUCE CHARITABLE TRUST TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report together wrth the audited financial slalemenls of Charity Ilhe Trusll fo tha permxl 1 January 2024 to 31 December 2024. The Trustees confim that the Annual report and financial staleTNen15 of the Trust comply with the Current slalulory reqU1￿MentS, the requirements of the charity's governing document and the provision5 of the Slalemenl ol Recommended Practice ISORPI, applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of I￿land IFRS 1021 effective 1 January 2Q191. Objectives and activities a. Trust objects The obje¢ts of The Sussex Police Charitable Trust I'The Trust. or 'SPCT'J are lo provide assistan￿ and support lo members and retired members of the Trust, or their Individual partners. or dependent family members, who are in need andlor hardship andlor distress. All Sussex police oificers, staff, special constables and volunteer5 are invited lo join the Trust on payment of a small subscription of £2.50 per month. Retired members can ￿￿$S the Trust's seTh￿e$ wilhoLrt the need lo continue to pay a membership donation. The Trust's four core values are'cornpass￿nate. fair. inclusive and professional,. Members, their partners and dependants who are in some kind of need. hardship or distress can access the following support provided by the Trust.. Advice and Guidance Trust Advisers can be conlacted in ¢onfidence to offer advice and guidance (In a range of topics, including signposting lo specialist services. The Trust Advisers have knowledge and expertise in areas such as housing and access lo therapies and health care. They take an empathetic and holistic approach to support members in exploring Ihe options available lo them. The aim is to assist members to make informed choices lo benefit their livfj$. Grants and Loans Members can make applications for grants and loans from the Trust. They do this Ihiough the Trust Advisers who make anonymised applications lo the Funding Panel on their behalf. There is not an exhau51ive list of support that the Trusl offers as Il is based on member need. Some examples are as follows". Travel and accommodation if a member or their family require specialist htssp(£al treatment., Food vouchers for members struggling with unexpected costs or decrease in income.. Essential household Items foT someone having lo move. such as following a relationship breakdown of landlord selling up-. Therapies, such as physiolherapy or COLJnselling, where timely assistance cannot be obtained elsewhere, su¢h as through the NHS, the Ernployee Assistance Programme or Sussex Poli¢e's Occupational Health Department. Grants over £3,DOO that have been agreed by the Funding Panel need lo be approved by the Trustee 8oard prior lo award. Other grants agreed by the Funding Panel ¢an be awarded Immediately, with the Board iatifying the decisions al their next meeting. Page 2 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2024 Objgctlves and actlvltles Icontlnuedl Members who are employed by Sussex Police and are in need, hardship or distress can apply lo Ihe Funding Panel for an inleiesl-free loan of up to £5.000 from the Trust. There are certain conditions to be mel, such as the person being unable to take out a 'high street, loan and having the ability lo pay back the loan over an agreed term of no more than five years. The k)ans are repayable through d¢duclions from payroll, hence retired members and volunteer8 are not eligible fof this support. When a member of the Tiusl leaves Sussex Police. rather than retires, they are no longer a member. In cases where there is a loan in place from the Tru$t, efforts are made to wov9r the outstanding loan balance through payToII. Where full repa￿nOnt is not possible, an agreement is sought wrth the ex-member lo continue to repay the loan LTrnlil il 1$ paid off in full, and this requires Trustee approval. Loan awards can be for a variety of purposes where need. hardship OT distress is agreed by the Funding Panel. However, loan applications for debt repayment or consolidation are not perynitted as this is a regulal8d activity under the Financial Conduct Authority IFCAI rulos. R¢cuperatlve Breaks The Trust owns a three-bedroom bungalow in Dorset that is avaikble lor members lo stay in for up lo six days at a timè. These breaks provide space, quiet and the opportunity for members and theif familw to recuperate from illness, bereavement or other lrfe chaltenges. b. Main activitios undertaken to further th? charfty's purposes for publlc benefit The Sussex Pol￿ Charitsble Trust meets the requirements of Seclion 212) of the Charthes Act 2011 through.. Prevention or felief of povety., Relief of those in need by r&ason of age, ill-heatth, disability, financial hardship or other disadvantage; Cxher chafitable purposes. Trustees give regard lo the guidance issued by the Charity Commission on public benefrt. The objects are met through the provision of advice, gui¢Jance an¢J financial support lo police officers, police staff, volunteers and their dependants. This helps members lo remain al {or return lol wort( through times of need. hardship or distress. They are also met through the provision of 5UPPOrt to retired members and dependants. Uhimalety, the public as a whole benefrts from the services provided by SLtssex Police. Achigvements and perfornianc8 a. Rgview of A¢tlvltles Momber Contacts The Trust was contacted for support 478 limes in 2024, compared lo 571 time5 in 2023. The 2024 contacts were from 379 individual members, compared 10 419 in 2023, as s¢)me required more than one inteNenlion over the year. Of Ihe$e, 332 members accessed advice and guidance from the Trust, either over the phone, via email ty in person, compared lo 371 in 2023. Approaches in 2024 were down 93 from 2023, which was the busièst year for enquiries to thè Trust on rewrd. Please see the table below for a breakdt)wn of contacts from 2020 to 2024. Page 3 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and perfomiance (continued} Total Approaches to the Trust 2020-2024 571 580 560 547 540 518 520 493 418 480 4ti0 440 420 Total 2.020 kn 2021 2022 2023 • 2024 Health matters remained the main reason for people getting In totjch in 2Q24 at 620h, up from 56°/0 in 2023. Cost ol living enquiries decreased in 2024. from 19Yo in 2023 10 14°/. Page 4 THE SUSSEX POUCE CHAR￿ABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achiwements and performanco Icontinugdl REASONS FOR CONTAcf 2024 Benefiis, I, O:. Relatlonshlp, 33. ?y. Doiiitrstic Abu8¥, -8èTeavement, 27, Cost ol livln& 73, 14Y. - Legal, 18. 4% Stress and mental heaFth continued to be the most common subcategory of health matters at 430h of contacts, compared to 40Ph in 2023. Musculoskeletal was the sttond main reason for Contact al 13Vo, down from 16Wo in 2023. Page 5 THE SUSSEX POUCE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance (continued} Health by Category 2024 Hospitallpost Operative, 28, 9Y. HDSPltal Travel, 21, 7% Care/ Respite etc, 20, 6% General 111 Health, 7. 2YL Cjeneral 111 Health Family.9, 3% Iiijury, 4, 1% Mobility/ Aid5, 5, 2Y• Terminal Illness. Stress/ Mental Healll), 138. 43Yo Muscular/ Skeletal, 40. 13% Disability. 39, 12Vo In 2024, there were 149 applications fr)r financk?I support that came to the Funding Panel. eompafed lo 200 in 2023. 145197°/ I were approved in 2024 the same percentage as in 2023. The awards were male up of 132 grants and 13 loans. Grants The lolal value of grant applications awarded by the Funding Panel in 2024 was £53.567 ¢omp8red lo £71.065 In 2023. This was in addition lo £360 fof the Police Chiklren's Fund birthday gift$19 re¢ipienlsl, £990 for Preserved- Rate Widow payments 13 recipients) and £1.000 for the Force-wide Initiatives grant agreed each year by Tnjslees. The average Funding Panel grant in 2024 was £406 Compared lo £382 In 2023. The highest individual grant award was due lo hardship," £1,500 for food and bills during surgery recovery. The lowest grant award was £58 for legal costs. Page 6 THE SUSSEX POUCE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achlev8rnonts and perforn)ance {contlnued The Trust pays out awards agreed through the Funding Panel based on actual expendfture incurred, so there is aw5 a financkgl variance in grants awarded and those paid out each year. Fa¢lor$ in¢lude'. actual costs are less than eslimaled, change of cirCumstsnc￿ so that all Of part of an award is no longer required and payments straddling tho financial year. Aclu81 grants paid out in 2024 for Funding Panel awards totalled £43,282, compared to £61,898 in 2023. Including Police Children's Fund, Preserved-Rate Widows and Force-wde Initiatives, the total grants paid OLrt in 2024 were £45,632. In 2024, IheTè were 79 grant write-backs totalling £11,834. These were due to the award eilhor not being needed in full or part, or the costs were less than expected. Grants were awarded for various reasons. and it is worth noting Ihal there is often more than one issue affecting the member. The lop five purposes for grant awards in 2024 were". Therapies lo holp with mental health and wellbeing1301', Hosptsl travel or travel costs to w511 unwdl famity member122}; Help towards essential billslfood vouchers1201', Therapies lo help with physi￿1 health and wellbeing1191'. Disability adaplalion$, aids and equipmenvrespile care and home help {13}. Other reasons for grants included ￿al costs, medical intervention, hoyseholdlmoving costs, child educationavpsychological assessments, recuperative breaks and dental trèatment. Loans A total of 13 loans were awarded in 2024, compared to 12 in 2023. The lolal amount awarded was £14,913. The average k)an was £1,147, w((h indiwdual loans ranging frcffl £375 to £3,438. The puiposes of the loans were". bills171, private medical {51, funeTal111. As grants, loans are agreed for spe¢rfK purposes and are paid OLrt based on actual costs incurred. The actual loans paid out in 2024 tolalled £8,304, compared lo £25,848 pa￿ out in 2023. £5,871 was wrrtten baek in 2024 as cosls wgre not as high as expected or the loans were no longer needed. A8 of 31st December 2024. there were 27 cpen loans wth a total balance of £38,282. Recuperative Bungalow The recuperabve bungalow hosted 147 guests over 48 of the S2 weeks. The bungalow was elosed for hvo weeks in January for annual maintenance and repair, and two weeks over the Christmos period to allow for housekeeper and staff time off. Bungal¢)w alhxalions were made on a priority needs basis. In 2024, Sussex Police stsff made up 48% of the stays, off￿eTS 33°A and relirwj members 190/0. Any member that was unsuccessful in being allocated a slay at the bungalow. but mgt tho charitable needs, was able to apply for an ahemalive break through the Funding Pan81. Alternative breaks can also be requested where tho bungalow is not suitable for a memberfs needs. Retlred Members The Trust rec8ived 49 approaches from retired members in 2024 110Q/o of all enquiriesl. compared lo 68 individual retired members in 2023. The Tru$l continues lo seek to maintain a slrong relationship with Sussex branches of the National Ass¢xialion of Retired Police Officers INARPOI and communicates regularfy retired members who have agreed to their contact details being retained by the Trust. Retired members made up 19% of the annual bungalow occupancy, compared to 35DA in 2023. Page 7 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievements and performance Icontinuedl Death Benefit Scheme The Trust has continued to administer Sussex pol￿e'S Death Benefit Scheme. Any paid employee of Sussex Police can jlyn this scheme and sign-up is free. Should a member of the scheme die in service, £2 is dedu¢ted from the payroll of all the Death Benefit Scheme members on the next available payday. and the totsl is given to the narned beneficiaries of the deceased member. The Trust generally pays out within tWD working days of receipt of the beneficiary's bank details and is feirnbursed by Sussex Police following the collection of the £2 from members. The scheme provides all Sussex Police officer5 and staff with the opportunrty to show support immediately to their colleague's bereaved loved ones and no more than £4 is taken from a member in a given month. In 2024 the Death Benefrt Scheme paid out thfee limes. lolalling £18,210 wrth an average payment of £6.070. The total Death Benefrt Scheme membership ffucluales as people join and leave., individual PayTnents were befvleen £6.002 and £6,196. At the end of 2024. membership swa5 3,098 compared to 3.002 at the end of 2023. This equates lo 53°A of the Sussex Police headcounl (officers and staffj. up from 52% in 2023. Police Children's Fund The P()lic& Chi￿ren'S Fund Ipreviously the Gurney Fundl is a separate charity111569031 that exists lo provide support relating to education and development for the children of police officers from 5ubscrsbing forces where the parent has died or retired on ill health grounds. The TTiAsI links with the fund for the purpose of making a payment lo eligible children Dn their birthday, up lo and induding their eighteenth birthday. The gift amount is reviewed every two years by Trustees in line wrth inflation measures and increased from £35 to £40 on 151 May 2023. In 2024, nine gift payments tolalling £360 weie made. Preserved Rate Window5 The Preserved-Rale Widows scheme is a histori¢ agreement for widows of Sussex Police offi'¢ers who, il was fell. had been given unclear advice on their pension over thirty years ago. As il was deem￿ that this led lo financial hardship. Trustees agreed lo make an annual charf(able conlfibulion towards their utility bills. The award amount is reviewed by Trustees every two years based on inflalion measures, and increased from £290 10 £330 in 2023. In 2024, Ihere were IhTee remaining beneficiarie5, and a totsl of £990 was paid out. Force-wide Initiatives Trustees allo¢ate £1,000 each year for initiative$ that will benefit people across Sussex Police. In 2024. Trustèes wanted to continue the support 012023 to seek to alleviate some of the effects ol the Cosl-ol-living increase. They allocated £250 to each division IEasl, Wesl and Brighton and Hovel and Headquarters, lo support ¢dleagues with food and other essential Items. Page 8 THE SUSSEX POLICE CHARifABLE TRUST TRUSTEES. REPORT (CONTINUED} FOR THE YEAR ENDED 31 OECEMBER 2024 A¢htgvemgnts and perfomiance {continued Service Provision Impact Members who receive support frcm the Trust regulady provide fornial and infomial feedback on their oxperience. This helps shape provision for the future and can be used for promotional purposes, subject to member agreement. The Trust ¢Jperates a continuous improvement Model and is Ihfjfefore a￿ayS looking al ways lo improve member experience arKI to attract and retain membgrs. The Trust frequentty receNed positive comments from ils members during 2024, which provided assurance that the service was effectively and efficiently delivering Support. It also received SLyne recornmendalions for impiovomenl, which were reviewed and implemented as needed. For example, sending out the full details of the recuperative bungalow stay S¢X)nèr so that members can plan their visrts in advance. ensuring there is clarsty wlh the definition of words used in promotional lrterature, and that contact details were more visible. Structured surveys were sent out to a rand¢)m sample of members who weived adV￿e oi supwt. 58 member$ retumed the survey in 2024, compared to 33 in 2023.. 95°k of respondents found it easy lo find SPCT'S contact delails1970A in 20231 980h of ￿SPOndentS said SPCT appeared to know what they were doing120h_ 1 person- said'partWI 970/0 of respondents satd SPCT initialty explained what was go*ng to happen and why (2Yo said 'partV. 1¢ not applieablel 930A of respondents said SPCT made them feel reassured {50h said 'parUy', said '1￿,) 97.kn of respondents said SPCT listened carefulty to what they had to say12'h said 'partI￿, 1% not applicable) 98Q/o of respondents said SPCT took matters seriously12% said 'partii) 1000/0 of respondents said they were treated with respect 1000A of respondents said SPCT were fair in the way they deaEt with them 98°A of Tespondenls rated the service as 'excellenl'120/0 said 'good'l 97°h said the Trust's understanding of their issue was 'excel￿n1'[2% sard'good,, 2'/o said'averagg'l 98•h of ￿SpOndentS would recommend SPCT lo someone else12¥0 $aid'unsure') Please see below for some of the comments from resptmdents.. A wonderful understanding seNi¢e offe￿d by extremely dedicated staff. It's quite humbling to have to ask for help but the way we wefe dealt with was superb. Showed empathy, understsnding my s((ualion wrthout ￿stIng a judgement. I felt vall￿, respected and relieved. I was initially very concem¢d that I wasn't going lo be helped. The saying is true. If you don't ask .. I'm gkd I did as l and my family have really benefited. Any embarrassment l initially felt was quashed by the genuine and empathetic reeipro¢ty from the Trust Adviser, and l am just glad that the Trust exists and that rt is such an appr¢)achable and supportive organisalion. l am truly grateful lo the adviser and to th¢ Tiu$l. Wonderful organisali¢)n. I have worf(ed for Sussex Police for 35 years and you have been there for me twce, thank you so much. The bungalow was amazing such a lovely break lor my farn1￿ and so neeL*edl Very, very grateful to th& Trust for all they do and provsdel The Trust has helped me in variou5 ways over the many years I have been a member, on every occasion they have been kind and compassionate antj understsnding of my situats'on. I feel I could ask for advice al any lime if needed. We are so lucky lo have this s8rvi¢e available lo us. Everyone l spoke to was most friendty, helpful, and understsnding. A brilliant charty. everyone is 8Kvays helpful. Pagè 9 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievgmenls and performan¢e Icontinuedl Complaints Process The Trust lakes all complaints received very seriously and seeks a swift resolution that is satisfactory to all parties involved, using any learning lo improve processes, a5 per the internal and external complaints policies. No lom)al complaints were received during 2024. b. Income generation Membershlp Subscriptions Membership subscription5 continued to be fixed al £2.50 a month wlh free lifelimo membership for retired members. after which this can transfer lo their partner. Mefnbership number5 fluclualed as expected during 2024 due 10 51arters and leavers. with an aveTage of 3.278 subscribe¥s. compared lo 3.247 in 2023. Al the end of 2024. the lolal number of subscribing members stood at 3,310 compared to 3,228 in 2023. The subscribing members al the end of 2024 were made up of 1,929 officers, 1,369 staff and 12 special onslables and other volunteers For 2023. this was 1,906 officers. 1.311 staff and 11 special constables and other volunteers. 56,10 of the total headcount of Sussex Police offi¢ers and staff were membeis of the Trust at the end 012024, compared lo 55°h on 2023. Including special constables and volunteers, the lolal membership of the Trust equates to 53Qk of Sussex Police headcount. sp￿181$ and volunteer membeiship remains low al 12 subscribing member5 compared lo the Sussex PolKe headcount of 308 al the end of 2024. However. the majotty of volunteers are also employed as Sussex Police 51aff. and many have joined the Trust under their substantive role. Another factor Is the unpaid nature of the roles_ Trust Promotion The main promotional activities are carried out to: encourage membership", publicise support available and how lo aC￿$S support., increase funding lo reduce the call on reserves lo further enable the services lo remain sustainable for years lo come. These are Carried out through a var￿ty of means. including intranet coverage", newsletters," promotion by our Champions". hosting, attending, and presenting al events and meetings,. other groups and organisations promoting the Trust Ilor example, Svssèx Poltce Federalionl, Facebook Coverage", and traditional word of mouth. One of the most proven ways to promote the Trusl and encourage mewbership 15 through f8¢e-t￿f8¢e presentations al induclions and team meetings. which Sussex Police ale fulty supportive of. The Trust is grateful lo ils Champions who promote the Trust across Sussex Police and signpost ¢olleagues who may need support. There were SO ChaTnpions al the end of 2024, compared lo 48 In 2023. This is in addition to Tiuslees. Funding Panel members and staff who also act as Trust Champions. Fundraising and Donations SPCT carried out a range ol fkjndraising activities during 2024, either directly or indire¢lty Ihrough members and supporters. Trustees are very grateful for all Ihe don3tions and 5UPPOrt the Trust has received. Donations and fundraising lolalled £9.SOO for 2024, excluding membership subsctiption5 of £98,358 and grants received of £300. Thi5 compares to £17.259 in donalions and £97,425 of member subscriptions in 2023. Page 10 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achievgmonts and perforniance Icontlnued} Peter James continues lo be the Trust's major donor. With his company 'Rèalty Scary B¢Joks', Peter fundraised £2,210 in 2024 al his book launch in September. Thi5 brings his total donations lo £46,208 sincg 2016. Trusl8es are very grateful for Peter's continued patronage and realty value hi$ support and generosity. The Chief Constable Awards event raised £1,254 and £100 was raised at the Emergency Sefwtes earol concert. £S80 was donated from fundraising at the East Sussex Divisson'5 Childien's Christmas party. Donations of £2,250 were received from retired members and NARPO branch¢s. Members of the publtc grateful to S¢J$sex Police donated £445 in totsl and £815 came from member5 thanking the Trust for the support they received. The Winter Challenge raised £450 for the Trust. Easlbourne L¢xal Lottery raised £368 and Eas￿Undral8in9 and Give at Checkout raised £65. Other donalions, induding colleclion boxe8 and Christmas cards, came lo £963. In addition. the Trust is very grateful for pro bono support from.. Simon Kind. of Kind Copyediling, who reviewed the newsletter and annual report. Tony Catt. compliance specialist from The Catys Eye View, reviewed the Financial Conduct Aulhority nJle8 and agreed the Trust remains exempl from registration. Grants Easibourne Community Fund ts accumulated each year from the Eastbourne Local Lottery, wh￿h is admini$terad by EastbouTne Borough Council. In 2024, voluntary organi$ations registered wf(h the local lottery were a4¥8rded 8 gfanl through the lund, ￿th the Trust receiving £300. Financial review a. Background In 1998 a generous *acy of £1.8m was lo Sussex Police for the welfare of officers and staff. This was gNen to the Trust Ilhen The Sussex Police Welfare Fund and the Sussex Poliee Staff Welfare Fund) lo provide weifaro support. The legacy enabled the pU￿haS¢ of a bungalow in Dorset for members lo use for fecuperation. and provKled the means for the ¢harty to offer more support for members in the fom of advice and guidance through the employment of Trust Advisers. The bulk of the legacy was invested tollowng th¢ property purchase. Charles Stanley Investment Management Services manages the Tru$f$ invgstments as part of a discretionary portfolio. The Trustees of the charity monilof the performance of the inveslments. The investment policy is reviewed annualty and Charles Stanley reports lo the Board'$ Finance and Investment Committee Iwice a year. which in ILbrn loports to the Board of Trustees. Th8 Trust is r8lianl on utilising its free reserves and divKlend income to continue to provKle the appropriate level of support lo its members. Page11 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 b. Income The total in¢ome for 2024 was £2Q6,735, which includes Death Benefit Scheme income of £18,210. This compare5 10 £219.131 for 2023. The main income for the Tvusl is monlhty subscriptions from members al £98,358, compared lo £97,425 in 2023. Income from investments tncludes diwdend income of £55,447 For the year. compared lo £48,921 In 2023. There was also bank and investment interest of £1,847, which includes interest of £450 from prevDus investment managers, Rathbones, IL) close the accounts. The total expected Gift Aid amount for 2024 is £22,996. including GASDS and interest. DonatK)ns total￿ £9.500 in 2024 and £300 in grants were received. This compares lo donations Iwilh no grants received) of £17,259 in 2023. Supermarket voucher discount was £75. c. Expenditure The total oper*ional expendrture for 2024 was £237,888, excluding the deprecialion cost ol the bungalow at £4.285. This compares with £257,075 in 2023. The cost of operab'ng the recuperative bungalow was £11.644 compared lo £12,959 in 2023. Death Benef Scheme expendituie was £18,210. There were no new items of expenditure, and the total spent on charitable activities Inot including deprecialionl was £226.710. d. Investment policy and performance The Trust's investments are managed by Charles Stanley Investment Management Services. The market value of the investment portfolio at Ihe end of 2024 was £1,608,330 compared lo £1.591.340 in 2023. Including £4,599 held in cash by the Investment managers. the totsl portfolio value was £1,812,929 compared lo £1,592,929 in 2023. This represents an increase in value of £20,000 from yeai end 2023. In addition, the Trust held £57,442 in its CAF Bank accounts. £3,258 in supemiarkeugrft vouchers I'food vouchers. for member awards alld a donated Costa coffee voucher of £81, and £40 petty cash al year end 2024. The minor increase in the investment portfolio value was reflective of the wder market trends, which have seen some recovery from previous years since the impacl of Covid and other world events. Investments are sel at medium lo low risk and are diversified lo not rely on a single markel. There were no diawdown5 fTom ltte Inveslmenl portfolK) during 2024 10 silPPOrt cashflow. This was mainly due lo the swtch from annual lo quarterty gift aid submissions, bul also the amount DI cash al the bank and the defi¢ being lower than budgeted. Dividends from investmen15 were up from £48,921 in 2023 to £55,447 In 2024. There wa5 a150 bank and former investment Interest of £1,847 In 2024. At the November 2023 board meeting, Trustees reviewed the Investment Policy and agreed to increase the dividend largel lor 2024 from £45.000 10 £50,000. From 2022. the target was reduced from £50,000 10 145,000 lo consider the volatility of world tnarkels and the expected redu¢tion in dividend payments in the short term. Trustees agreed in November 2024 to retsin the £50,000 18fgel for 2025. Page12 THE SUSSEX POLICE CHARIYABLE TRUST TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 OECEMBER 2024 The Investment Manager is required to wnsider the impact of potential investments on the aims of the Fund. Indiwdual investmerrts may be excluded rf perceived lo confl￿1 wlh ei(her the Trust'$ purpose c¥ the values of Sussex Police. . Tiust Reserrfos The legacy to the Trust in 1998 albwed funds lo be invested lo ensure sustsinability of the Charity, while meeting the needs of current and future members. For 2024. Trustees planned a cautious deficrt budget with the intention of using a small proportion of the reseNe8 to meet the shortfall of income. This was sel al 1£76,1061, excluding deprecsation of fixed assets of £4,285. However, the lolal actual nel surpluslloss at the end of the year was1£31,1531 (excluding depreciation), an improvement on budget of £44.953. This was mainly due to the grants aclualty paid out coming to a lol less than anlicipated1£43,609 paid out, vthh budget of £66,000). However. il is worth noting that as al 31 December 2024, there was £11,55S in grants awafded but not yet paid out due to awaiting relevant details from the beneficiaries. The bungalow management, publicity and salary costs also came in under budget, and there wore higher dividend payments and banklinveslment interest than èxpected. This compares with 2023'$ planned deficbt of £66,374 and the actual defieil being £37,943. In November 2024, TNslees agreed a budget for 2025 with the nel sulpluslloss set at {£70.298}. The TrLt$l'$ Resorves Policy is reviewed and updated annually to ensure that the Trust is op8ratsng for the benefit of present and future members and lo restrid annLtal operating losses to 50h of total reserves. For 2024, Trustees remewed the ReseNes Policy and agreed to 8el astde a minimum ￿Ve$ of free reserves of £1.135,300 to represent over 20 years. operating losses Of 5 ye8r5 lolal operating costs, i.e. before investment gainwlosse$ and wilh income maintained al eurfenl levels. This was an increase of £80,300 on the 2023 figure. It is worth nolin9 that the bvngalow book price aftei d8precption is £129,187, which is far lower than market val¥Je. l. Golng concorn Tho Trust continues lo adopt the 'going ¢oncem' basis for preparing the financial stalomenls. The Invgslmenl Poly and Reserves PoI￿Y sections above demonstrate that the Trust has adequ*e resources. working lo a twenty-year plan. After making appropriato enquiries, the Trustees have re88onable expectations that the charity has adequate resources to continue lo operate for the foreseeable future. Structure. governance and management a. Constltution The Sussex Police Charrtable Trust ISPCTI is an unincorporated trust and ￿gIstered charty. SPCT was originally consliluted under kn separate unincorporated charities". The Sussex Police Welfare Fund and The Sussex Poli￿ Staff Welfare Fund (Commonly referned to as 'The Funds), wth rules dating back to 14 November 1988. The char((ies amalgamated in 2012 and the assets and liabilib'es of both WeNareJ Funds wero transferred lo the Sussex Police Charitable Trust. Page13 THE SUSSEX POUCE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Stru¢ture, governance and management Icontinuedl The Trust is a membership organisalion. with membership open to all sèrving Sussex pOl￿e officers, staff, special constables, other volunteers and their dependants on payment of a small monthly subscription. Members who retire from Sussex Police continLJe to be members of SPCT but do not have pay a subscription. The Trust is governed by a board of up to fourteen Trustees drawn from its memborshlp, with the aim of meeting five times a year. The Board m(milors finances and agrees the broad strategy, high-level policies and objectives of the Charity. Governance responsibilities also include oveTseeing inveslmenls, reserves, risk management, grant and toan decisions, fundraising and operational planning. The board delegates the day-l(Fday management of operations to the Charrty Manager and financial delegation is sel out in the Delegation of Authority Policy which is Teviewed and agreed each year. Trustees delegate areas of work to the lollowing sub4ommittees. wf(h decisions ratified * the Trustee Board M￿lIngs.. FLJndin Panel- the panel makes decisions on behalf of the Tfuslees on the award of grants and interest-free loans, which are then ratified by the Board Trustees lake on the role of Chair and Vice Chair and the panel Is made up of up to fftnty Trust members from across Sussex Police, including retired members. Finance and Investment Cornmitt￿- the ComM￿ee is made up of Trustees and monitors finances. makes recommendations lo the Board of Trustees on financial matters and meets wilh the Investment Manager tW1ce a year to monitor perfomian¢e and agree future investrment plans. Markelin and Bun alow Committee- the committee Is made up of TrLJSt¢es and focusses on fundraising and promotion of the Trust and the provision of the recuperative bungalow. b. Governing rules The Governing Rules are reviewed annualty by Tiuslees. The Goveming Rules were last amended al the Board on 27 February 2024. with the following changes made and submitted lo the Charity Commission through a Slgned re501ulion.' Inclusion ol volunteers for Truslee posrtions, Update lo the definition and use of the word 'spouse Change of'chairman, lo 'Chairf'. Addition ol 'adull' lo the definrtion of 'member' to clarify the posrtion lor police cadets., Update of pronouns lo 'lhey' and 'lheir'. Page 14 THE SUSSEX POLICE CHARrrABLE TRUST TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Stru¢turg* govemance and management Icontlnugdl e. Trustee Tenure and Positions The Tiust continued through 2024 wlh eleven of a rnaximum of fourteen Trustees in post. The TrLSSte¢s were satisfied that this provhled enough support lo effectively govern the Trust. The aim is lo commen¢o recruilmenl in Oecember 202S for election of further Truslegs in April 2026. Howevw, this may be brought forward rf further Trustees slep down and the Board f￿15 that there is a fisk lo effective governance. During the year, the Board carried out a skills and experience assessmènt on all Trustees to ensure that there were no obvious gaps in governance fesponsibilil*s. At the Strategy Day in September 2024, Trustees reviewed the findings and fell they had a good understanding and oversight of all areas of Trust business. A further skills assessmejl will be carried out al the 2025 Slraegy Day lo feed into Trustee recfU¢tment needs, particularly taking into account any future gaps ¢reate(I by Trustees stepping down from their reles. At the April Board, Sue Mufphy was elected as Trustee for a further five-year term. SLte'$ sumame was changed from 'Heard' to'murphy, with the Charity Commission in May 2024. Lee Care was rAected for a further year as the Funding Panel Chair. Esther Manklow was elected lo the Wte Chair role, wlh Joel Brooks slepping down from this role bul remaining a Trustee, and C￿chair of the Marketing and Bungal¢)w Cunmittee wth Sue Murphy. There were no changes to all othér rofes. d. Trust Patrons The Trust has tsvo patrons who are very supportive of the Work of the Trust and act as ambassadors fof the charity. They are.. The Chief Constable of Sussex, Jo Shiner- the Trust is very grateful for Jo's support in promoting th8 Trust, encouraging people within Sussex Police to join up, and choosing the Trust to benefrt from fundraising aclNities, such as the Chief Conslable Award$ and the Emergency Services Carol Con¢ert. Peter James- the crime and thriller novelist has be&n a very ath've patron since March 2016. The TTU5t is hugely appreci?live of Pete￿S support as he regulady promotes the Trust and fLtndra1ses for the benefit of the Trust al his Irt￿ary and theatrical events. •. Staff and Volunteer Team The Trust has four part-time staff members.. a Charity Manager, IAVO Trust Advisers and a Finance and Administration Officer. The team continue hybrid working, with weekly team days in the office. A FLEndraising and Promotion volunteer was recruited in June 2024 and has supported the work of the team for up lo four hours per woek. The staff are employed by Sussex Police, with the salaries and related co$1$ roimbursed by the Trust. The working relationship befvleen Sussex Police Charitable Trust and Sussex Police is set oijt in a Memofandum of Understanding whKh is reviewed each year. Staff feed into and lake dIreCt￿n fr¢)m the SPCT Board to ensu the smooth running of the Trust and the meeting of agreed objectives. In addrtion. Trustees, Funding Panel members and Champions volunteer their time to support the Trust. Page 15 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Structure, governance and fflanagement Icontlnued) f. Risk managèment The TrLkSt continues lo maintain robust systems and procedures lo manage risks lo which the Trust has been or could be exposed lo. Trustees review the Risk Management Policy and Business Continuity Plan every year. or sooner rf there Is a signrficanl change in risk type or exposure. The Trust maintains a risk register which is reviewed at least quarterly. The following medium risks weTe highlighted In 2024.. there were no high Tisks KlentffEd Mitigation is in place lo reduce ils impact on the organisalion and service delivery". Capacity of staff OT loss of key staff - the Tru51 primarity relies on a small part-lime staff team lo deliver its services. Capacrty within the team has rerDained light. Although there has been a reduction in the number of enquiries during 2024 compared lo the previous year. casework has been more complex. Fundfaising has also taken up a lot more ol the team's resource and process streamlining has tsken place, which will improve capacity in the longer term bul has had a short-leim impact. The team has worked well together to ensure priority actions and deadlines are mel. There are clear policies and procedures in place to support work ac11vity and work shadowing takes place to provide Cover In the event of absence. However. there remains a risk lo service delivery should there be any long-lefm leave or vacancy wthin the team. Operational income- while the Trust has a twenly-year financial sustainability plan, Trustees are mindful of the longei-lerm aim lo set a balanced budgel. The next subscription review is due In February 2025. although any Increase lo the monthly amount will not lake effect until 1st October al the earliest and is unlikely lo plug the deficit irl full. World markets have negatively impacted the investment portfolio and dividend payments over the last few years, and while the aim Is lo increase fund¥aising activities, a budget defieit is expected to remain for the foreseeable future. Interest-flee loans- these are available to serving members and lepaid through Sussex Police pay¥oll. However. where a member leaves Sussex Police and r( has not been possible lo recover the debt from their last pay, an agreement is sought lo recover the monies (>ver the following months. At the start of 2024. there were three ex-members who were unable lo repay their loan in full when they left Sussex Police. One person has now repaid their loan in full and the remaining two debtors have agreed a revised Tepaymenl plan. Although not currently affecting financial sustainability. bad debts are undesirable and impact on staff capacity. Subscription levels- Ttuslees were acutely aware of the cosl-ol-living crisis and the impact this had on many members. For this reason. Trustees did not increase the membership subscription al the annual review in 2023, even though il has not incTeased since 2012. Trustees will continue to Yeview subscription levels annualty. However, a five-year slrategic approach lo subscription increases was agreed in 2023 so that clear planning and promotion ¢an take place, with the next subs¢riplion Increase due lo be ¢onsideied In 2025. Invèslmenl policies- there is still a high likelihood ol slow recovery lo the investment portfolio due to market volatility There is sowe protection with a Iow-medium iisk approach and a broad portfolio that does not rely on any single market. The dividend target of £50k per annum was exceeded in 2024 and Is likely lo be ex¢eeded in 2025. Page 16 THE SUSSEX POUCE CHAR￿ABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Structuro. govèrnancé and managgmgnl {contlnuedl DuiirKJ 2024, the Twsl rev1th￿l its Financial Conduct Authority IFCAI exemption in relation to the interest-free loans (( provides, initially looking into this inlernalty and via the audrtors. The Trust decided to seek the views of a specialist as il was such a complex area. The Catt's Eye View were instructed by the Trust to Tewew the rules and reassured the Trust that (( remained exempl from iegistralion. The specialist advice was kindty prov¢ded on a pro bono basis. g. Equality. Diversity and Incluslon The Trust continues lo maintain f(s focus on diversity ancl inclusion. Al the annual Strategy Day in September 2024, Trustees reviewed the diversity data of the Board and the Funding Panel in comparison with Sussex Police. 11 confirmed there was good representation regarding disabilityllong term health issues, and parrty regarding sex and gender. Trustees were also happy to see n8urodiversity included wlhin the data. Overall, there were no issues of concern. It was hohl#Jhted that the Trust had not been able lo work as closely as il had intentjed with the staff support groups lo ensufe that (( catered foi all service users. This was partially due lo chonges in some of their leadership. Contact was made wth the new joint chairs of Enable Ilhe disabilty stsff support group}. As a resu￿, the lead Trustee for diversty and inclusion wrote a piece about the Trust for their quarterfy news￿tter. detailing the beneff(s of the Trust and highlightsng opportunities lo join the Trust as a Trustee or Funding Panel membgr. Tmslees also reviewed the diversty training which had taken place in 2024 and noted it had been a good refresher for members of the Board and the Funding Panel bul considered that (( was harder for attendees to have full participation and enter into meaningful discussion via video conferencing. It was agreed that in-person dNer$ity training would lake pl&e in 2025. The Board is planning lo re-assess ils own diversity at the Strategy Day in September 2025, and this will feed into the Trustee r￿n111ment planned lo commence in December 2025 to seek to broaden tts ￿a¢h. Diversty assessments are also embodded in the rolling Funding Panel ￿¢￿ilment. Plan$ for the future Membership- the main focus for 2025 is lo continue lo promote membership of the Trust amongst Serving officers, staff and volunteers SQ that il can have further reach across Sussox Police, supporting people when they need il the most. An increase in membefship levels will also improve the Trnst's financial $u$tainabilty,' this 1$ its main income source. Subscriptions- in February 2023, Trustees agreed that the nèxt subscription increase would not lake place until 81 least 2025 due to the Cost￿Of41vIng crisis, then every five years unless there is S￿nrflcanI ehan9e in that period. However, Trustees will ¢onlinue lo review subscription levels and the imp&1 on rnembership every year. The plan is lo agree any increase al the first Board of the year, with an agreed communications plan that allthvs al least a six-monlh lead-in lime. To calculate any increase, staff and Off￿er percentage increase in pay since the last review (whichever is the lowest to not di$advantsge either staff or officers). wll be taken into account. The review for 2025 will asse55 the period 2022 10 2025 to calculate the possib￿ increase, as agreed with Trustees in February 2023. Page 17 THE SUSSEX POLICE CHARITABLE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Plans for the future Icontinuedl However, other faclofs will a150 be cOns￿ered bolore agreeing any Increase.. The Trust's budget position., Trust reserves and assets". Other income generalion levels". Cost of living consumer pri￿ inflation index ICPII andlor retail price index IRPI}-, Views of membeis", Any other factors affecting members. Trustees will relain the abihty to increase or decrease subscTiplion lees during the five-year penod in excoplion81 cifcumstan¢es. Diversity. equality and inclusion - this will remain a key thread throughout the Trust's governance and operations, Including Board and Funding Panel training and recruitment. Trustee recruitment and succession planning - in addition lo the five-year tenure, there is an agreed hre&year re¢ruilmenl cycle where al least three Trustee posts become vacant. The aim Is lo review the skills. experience and diversity of the current Board, taking into account the impact of any planned retirements, and agr* th¥ approach for the next re¢ruitmenl round. This will commence in December for April 2026 appointment. Stakeholders- the Trust wll continue lo link closely Trmlh key stakeholders, such as Surrey and Sussex Police's Wellbeing Board, Sussex Police stsff networks, Sussex Police Fedetalion, and Unison. 11 will continue its membership of Advice UK and participate In Police Charities UK meetings, as well as continued engagement with local NARPO branches INalional Association of Retired Police Officersl and local voluntary networks, such as 3VA. Feedback from membeTS wll continue lo be soughl. to help improve the Trust's offer and rts service delivery. Service improvement- the Trust will remain focussed on 1ts continuous improvement model. IdentfyE'ng emerging priorities and further shaping the services lo meet the needs of ils members, Including i ncorporating learning from member and non-member feedback. The trust w111 also continue to St￿amIlne ils day-to-day operations lo enable the team to deliver services rllore efficiently lo members. Fundraising - during the year, the Trust will continue lo assess its fundraising activity in leTms of 'effort versus reward,. to ensure the best use of Trust lime. This wll also consider the marketing and promotional value of activitie5. All activity will Consider the reputation of the Trust and Sussex Police. and iemain wthin the UK'S fundraising regulato¢s Code of Fundraising pr￿tICe. Palions- the Trust is very grateful lo both Chief Con5table Shiner and Peter James for their continued patronage and support loi the Trust. The team will continue lo link in w7th the patrons lo seek further promot10n and lundrai5ing opportunities for the TTUSI. Page 18 THE SUSSEX POUCE CHARJTA8LE TRUST TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Statement of Truslees. re8ponslbllltles The Trustees are responsible for preparing the Trustees, report and the financk91 statements in accordance wrth 8ppIKable law and United Xingdom A¢countsng Standards IUnil&d Kingdom Generalty Accepted Accounting Practice). The law applicable to charitie8 in England & Walès require5 the Trustees to prepafe financial sl*emenls for e8ch financial which give a true and fail view of the slate of affairs of the Charity and of ils incorning resources and application of resources, including rts income and expenditure, lor that period. In preparin9 these financial slalemenls. the Trustees are required to". select suitsble accounting policies and then apply them eonsi5tently, observe the methods and principles of the Chafilies SORP IFRS 1021., make judgments and accounting estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards IFRS 102} have been followed, 5ubje¢l lo any material departure5 disclosed and explained in the financk81 statements., prepare the financial statements on the going concem basis unless rt is inappropriate to presume that the Charity WI￿ continue in btjsiness. The Tnjslees are iesponsible for keeping adequate accounting records that are SLrfficient to show and explain the Charty's tr8nsactNJns and disck)se with reasonable accuracy al any time the financial position of the Charty and enable them lo ensLtre that the financial ststemenls comply wlh the Charities Aet 2011, the Chartty IAccounts and Reports) Regulations 2008 and the provisions of the Tru51 deed. They are also responsible for safeguarding the assets of the Charity and hence foi taking reasonabte steps foT the prevention and dolgclion of fraud and other irregularities. Dlsclosure of Informatlon to audltors Each of the per￿nS are Trustees al the time wh8n this Trustees, report is approved has confirned that.. so far as that Trustee is aware, there ts no relevant audit information of which the chartys audfiors are unaware. and that Trustee has tsken all the slep$ that ought to have been taken as a Trustee in ord&r lo be awafe of any relovant audit infom)alion and to establish that the chaity's auditors are aware of that infomialion. Audltors The auditors, TC Group, have indicalod their willingness lo continue in office. The desKJnaled Trustees wi propose a motion reappointing the auditors at a meeting of the Trustees. Approveil by order of the members of the board of Tnjslees and signed on their behaw by.. S Biglands Chair of Tw onsl ees Dale.. Page 19 THE SUSSEX POLICE CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SUSSEX POLICE CHARITABLE TRUST Opinion We have audrted the financial statements of The Sussex Police Charitable Trust Ithe'charity'l for the year ended 31 December 2024 which comprise the Slalefflenl of financial activities, the Balance sheet, the Statement of cash flows 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 Republi¢ of Ireland, (United Kingdom Generally Accepted Accounting Practice). The financial slalement5 have been prepaied in a¢¢ordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 1021 in preference lo the Accounting and Reporting by Charitie5. Stslement of Recommended Pra¢liGe issued on 1 April 2005 which is referred lo in the extant regulations but has been withdrawn. This has been done in order for the accounts lo provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective lor reporting periods beginning on or after 1 January 2015. In our opinion the financial slalemenls: give a Irue and fair view of the state of the charitys affairs as at 31 December 2024 and of rts incoming esources and application of resotjrces for the year then ended.. have been properly Prepared in accordance with United Kingdom Generally Accepted A¢¢ounting Practicè". and have been prepared in acwrdance with the iequirements of the Charities Act 2011. Basis for opinion We ctsnducled our audit in accordance with Inlernalion81 Siandards on Auditing IUKI IISAS IUK}l and apPI￿able law. Our re5ponsibililies under Ih05e standaids are further described in the Auditors. responsibilities for the audit of the financial statements section of our ¥eport. We are independent of the charity in ac¢ord3nce with Ihe ethical requirements that are relevant to our audit of the financial slalemenls in the United Kingdom, including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical respon5ibilrties in accordance with these requirements. We believe that the audit ewdence we have obtained is sufficient and appropriate lo provide a basi5 for our opinion. Conclusions relating to going concern In audits'ng the financial statements, we have concluded that the Trustee5' use of the going concern basis of ac¢oiJnting in the preparation of the financial statements is appropriate. Based on the Wofk we have performed. we have not identified any material uncertainties relating to events or condrtions that. individually or collectively, may cast signif￿ant doubt on the charity's ability lo continue as a going concèrn lor a period of al least twelve months from when the financial statements ale authorised for issue. Our responsibilities and the responsibilities ol the Trustees wth respect to going concern are described in Ihe relevant sections ol this report. Page 20 THE SUSSEX POUCE CHAR￿ABLE TRUST INDEPENDENT AUDITORS. REI>ORT TO THE MEMBERS OF THE SUSSEX POUCE CHARITABLE TRUST ICONTINUEDI Other infomiation The other infomalion comprise8 the infomiation included ir5 the Twslees report other than the finaneial slalemenls and our Auditors, report Ih¢reon. The Trustees a￿ responsible for the other infomation contained within the Trustees feport. Oui opinion on Ihe financial statements does not cover the other infomation and, except lo the extent othermse expl￿￿lY staled in our report, we do not express any form of assLtran¢e CO￿luSIon thereon. Our responsibility is lo read the other information and, in doing $0. consider whether the other information is Material￿ inconsislenl wf(h the financial statements or our kno¥￿edge obtained in the course of the audr(, or otherwise appears lo be malerialty misststed. If we identfy such material intonsislencies or apparent material misstatements, we are required lo delemine whether this gives rise to a material misstalemenl in the financial statements themselves. It, based on the work we havo perfomed, we conclude that there is a materi81 misstatement of this other information, we arg required lo report that fact. We have nothiro to rèport in thi$ regard. Mattors on which we are roqulred to report by exceptlon We have nothing lo report in respect of the following matters where the Chanties (Accounts and Roportsl Regulations 2008 requires us lo report lo you if, in our opinion.. the information given in the Tivslees, report is inconsi3tenl in any material resped wlh the financial slatemenls.. or SLrfficienl accounting records have not been kept," or the financial $tstements are not in agreement with the accounting records and returns., or we have not roceived all the inform81ion and explanations we require foi our aLtdit. Responslbllltles of trustees As explained more fulty in the TrLtstees' responsibilities statement. the Trustees are respOns￿bIe for the preparation of the financial slalements which give a true and fair view, and for such inlemal conlfol as the Trustees determine is ngcessary to enable the preparation of financial statements that are free from material misstatement, whelhef due to traud or error. In preparin9 the financial statements, the Trustees are responsible for assessing the charity$ ability to continue as a going coneem. disclosing, as appl¢cable, matters related lo going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charty or lo cease operations, or have no realistic allernatNe but to do so. Page 21 THE SUSSEX POLICE CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SUSSEX POLICE CHARITABLE TRUST ICONTINUEDI Auditoys. respon$ibililies for the audit of the financial statements We have been appointed as audrtor under section 145 of the Charf(ies Act 2011 and report in accordance with the Act and relevant regulations made or having effect Ihereunder. Our objectives are to obtain reasonable assurance about whether the finan¢ial slalemenls as a whole are free from material misstatement. whether due lo fraud or error. and to issue an Auditors, report that Includes our opinion. Reasonable assuian¢e is a high level of assurance, bul is not a guarantee that an audit conducted in accordance with ISAS IUKI will always del&¢t a material misstatement when il exi515. Misslalemenls can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial slatemenls. rregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities. outlined above. lo delecl material misstatements in respect of irre9ularf(ies, in¢lud5ng fraud. The extent to which our procedures are capable of det￿ling irTegularilies, including fraud is detailed below". Extent to which the audÉt was considered capable of detecting irregularities, including fraud The object￿e$ of our atEdit, in respect to fraud. are.. lo identify and assess the risks of material misslatemenl of the financial statements due to fiaud". lo obtain sufficient appropriate audit evider7ce regarding the 3ssessed risks of material m15Stalemenl due lo fraud. through designing and implementing appropriate iesponses: and to respond appropriatety lo fraud or suspected fraud Identified during the audit. However, the primary Te5ponsibility lor the prevention and detection ol fraud rests wrth both those ¢harged with governance of the entty and its management. Our 4)proach was as follows". We identified areas of laws and regulation5 tha could reasonabty be expected lo have a materi81 effect on the financial statements from our general comrnercial and seclof experience. and through discussion with the dire¢tors and other management las required by audsting standards). and discussed with the directors 8nd other management the poli¢ies and procedures regard1ng compliance with laws and regulations., We Ident￿[led the following areas as those most likely to have such an effect. health and safely.. General Data Protection Regulation IGDPRI." fraud. bribery and corruption and employment law. Audrting standards limit the required audit procedures to identify non-compliance with these laws and regulations lo enquiry ol the Injslees and other management and inspection of iegulatory and legal correspondence, any. We considefed the legal regulatory frameworks directly applicable lo the financial statements reporting framework IFRS 102 and the Charilies Act 20111 and the Televant tax compliance iegulations in the UK. We ¢onsidered the nature of the group's operations, the control environmenl and business perfomiance, including the key drivefs for management's remuneration., We communicated identified laws and regulations Ihroughoul our team and remained alert to any Indications of non-compliance Ihroughout the audit., We considered the procedLire5 and controls that the group has established to address risks Identified, or that otherwise prevent. deter and delecl fraud, and how senior Tnanagemenl monitors those programmes and controls. Page 22 THE SUSSEX POUCE CHARITABLE TRUST INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE SUSSEX POUCE CHARITABLE TRUST ICONTINUEDI Based on this Ltnderstanding we designed our audit prccedures lo hdenlrfy non4ompliènce wrth such laws and iegulalions. Where the risk was considered to be higher, we performed audit procedures lo address each identified fraud rh8k, These procedures included.. testing manual joumals.. reviewn9 the financk81 statement disclosufes and testing lo supporting documenlalion", performing anal￿1¢81 procedures," and &nquirin9 of management, and were designed lo provide reasonable assurance Ihal the financial statements were free fr¢yn fraud or effor. Owing to the inherent limitations of an aud(t, there is an unavoidable risk that we may not have detected some material misstatements in the financial slalemenls, even though we have Pfoperfy planned and perfomed our audit in aCc￿danCe with autjiling standards. For example, the furthér removed non-compliance with laws and regulations lirregularth'esl is from the events and transaclior*s refi¢clgd in the financial statements. the less likely the inherenlty limited procedures required by audrting standards would identfy it. The risk is also greater iegarding irregularities occurring due lo fraud rather than error. as fraud involves intentional concealment, forgery, collusion, omission or misrepresentslion. We are not responsible lor preventing nonrycompliance and Cannot be expected lo detect non-compliance wth all laws and iegulalions. A further description of our responsibilrties for the audrt ￿ the finan¢tal statements is located on the Financial Reporting Council's website at.. www.frc.o .uklaudf(orsres nsibililies. This description foms part ol our Auditors. report. Use of our rgPQrt This report is made solely to the chariV$ trustees, as a body, in accordance wth Part 4 of the Charrties {Accounls and Reportsl RegL51ations 2008. Our audit Work has been undertaken so that we might state to the charity's trustees those matters we are required to slate to them in an Auditors, feport and for no other purpose. To the fullest extent pemiitled by law, we do not accept or assume responsibility to anyone other than the charity and ils tsusless. as a body. for our audit work. for this report, or for the opinions we have formed. rc G-ro TC Gn>up Office.. Lewes Date.. I IG5iL025 TC Group are eligible lo act as auditors in terms of sedion 1212 of Ihg Compani&s Act 2006. Page 23 THE SUSSEX POLICE CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted funds 2024 Total funds 2024 Total fLinds 2Q23 Note Income from: Donations and ￿g8¢￿eS Charitable activities Investments Other inc¢xne 9.500 121.356 57,294 18,585 9.500 121,356 57,294 18.585 17.259 121.944 49.B90 30.039 Total income 206,73S 206.735 219,132 Expendlture on: Raising funds Charitable activities 11,177 230,995 11.177 230,995 11,101 249,789 Total expenditure 242.172 242,172 260.890 Net movement in funds before investment gaIn￿(lo$Se5) Nel gainslllossesl on investments {35,4371 {35,4371 141.758} 30.063 30,063 79,665 Net moyernent in funds 15.3741 IS,3741 37.907 Reconciliation of fund$: Total funds brought fotward Nel movement in funds 1,797,683 15,3741 1,797,683 15.3741 1.759,776 37,907 Total funds Carried forward 1,792,309 1,792,309 1,797,683 The Statement of financial acliwlies includes all gains and losses reGogTiised in the year. The notes on pages 27 10 40 form part of these financial slalemenls. Page 24 THE SUSSEX POUCE CHARITABLE TRUST BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Note Flxed asset8 Tangible assets Investments 12 13 129.187 1,608,330 133.472 1,S91,340 1,737.517 1,724.812 Current assets Stocks Debtors.. amounts falling due after more than one year Debtors.. amounts falling due within ono year Cash al bank and in hand 14 3,258 3.208 23,134 25,896 62,082 33,010 42,541 54,103 15 114,370 132.862 Credit￿5.. amounts fallirvJ due wi(hin one year 16 {59,578) 159,9911 Nèt current as$el$ 64,792 72,871 Total assets less current Ilabllltles 1,792,309 1,797.683 Total net assets 1.792,309 1,797,683 Charity funds Unreslricled funds 17 1,792.309 1,797,683 Total funds 1,792,309 1.797,683 Th nci I stalem nts were approved and authorised for issue by thè TnJ5tees and signed on their behalf by.. S Biglands Chair of Tru Honsl tees Dale.. Lg IOikl"UL The notes on pages 27 to 40 fomi part of these financial stalemgnls. Page 25 THE SUSSEX POLICE CHARITABLE TRUST STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2Q23 Cash tlows from opernting aGtivitie$ Net cash used in operating activities 161,3731 1101,503} Cash flows from in¥estin9 activiti8s Dividends, interests and renls from invesiments Pro¢eeds from sale of investments Purchase of investments 56,278 189,627 1176,5531 48.921 161,005 1109,4001 Net cash provided by investing activities 69,352 100.526 Cash flows from flnanclng aC￿vItIeS Net cash provided by financing activities Change in cash and cash equivalents in the year Cash and cash oquivalenls at the beginning ol the yeaf 7,979 19771 55,080 54,103 Ca$h and Gash equivalents at the end of the year 62,082 54,103 The notes on pages 27 10 40 fomi part of these financial statements Page 26 THE SUSSEX POLICE C14ARrrABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 General infom)ation Sussex Police Charrtable Trust is a charty registered in the United Kingdom. The principal address is given in the charity legal and adminslralive infomalion of these financial stalemenls. The nature of the Trust's operations and principal aetivty are in¢lLtded on page 2. Accounting policigs 2.1 Ba$1$ ol prgparatlon of financial staternents The financial statements have been prepared in a¢cofdance wlh the Chanties SORP IFRS 1021 - Accounting arsd Reporting by Charits'es.. Slalomenl of Recommended Practice applicable lo charities prsparing their accounts in accordance with the Financial Reportsng Standard aPpI￿able in the UK and Republ￿ of Ireland IFRS 1021 leffeclive 1 January 20151, ltte Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. The financial slalements have been prepared to give a 'tnJe and fairf Mew and have departed from the Chafilies (Accounts and Reportsl Regulations 2¢￿8 tsn￿ to the extent required lo prowde a 'lrue and fairf view. This departure has Involved following the Charities SORP IFRS 1021 published on 16 July 2014 rather than the Accountin9 and Reporting by Charities.. Statement of Recommended PTaclice effective from 1 Apiil 2005 which has since been withdrawn. The SuyAex Police CharitabFe Trust meels the definition of a publi benefit enlrty under FRS 102. Assets and liabilities are initsalty recognised at hi$lorieal cost or transaction value unless otherwise stsled in the relevant accounting policy. 2.2 Going concarn Th8 Iwstees have assessed whether the going eoncem basis of preparation continues to be appropriate, based on whether there are any material uncertainties related to events or Conditions that may cast significant doubl on the ability ol the charity to continue as a going concern. Al tho t¥ne of approwng the financial statements the trustees beliove that all appropriate measures have been or will be taken to ensure that the chaiity will be able to continue its operations for al least the next 12 months and thus conclude that the goin9 concern basis remains appropriate. 2.3 Income All income is recognised once the Charity has Emlitlemenl to the income, il is probable that the income will be ￿CeIVed and the amount of income receivable can be measured reliabty. Income lax recoverable in relation lo investment inc¢)me is recognised at the lime the investment income is receivable. other income 1$ recognised in the period in whKh it is receivable and lo the extent Ihfj g¢)ods have been prowded or on eornplelTon ol the sefwce. Page 27 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Icontinuedl 2.4 Expenditure Expenditure Is recognised once there is a legal or constructive obligation lo transfer e¢on¢)mic beneff( lo a third paty, rt is probable that a transfer of economic benefits will be required in selllemenl and the amount ol the obligation can be measured reliably. Expenditure is classrfied by a¢tivrty. The costs of each a¢tivity are made up of the total of direct costs and shared costs, Including support costs involved in undertaking each acliwty. DI￿¢1 costs attributable lo a single aelivity are allocated dire¢lty lo that activity. Shared costs which contribute to more than one activity and support costs which are not atliibutable lo a single activity are apportioned between those activitie5 on 3 basis Consistent with the use of resources. Central staff costs are allocated on the basis ol time Spent. and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all expenditure incurred by the Chartly lo raise funds for Fts charitable purposes and includes costs of all fundraising aclivib'e5 events and non-charilable trading. Expenditure on chari(able activities 15 illcLJrred on ￿1￿cl1Y undertaking the activities which fvrther the Charity's obieclives, as well as any associated stjpport costs. Grants payable are charged In the year when the offer is made except in those cases where the offer is conditional. such grants being re¢ognised as expenditure when the wndiliDn$ attaching are luifilled. Gran15 offered subject lo conditions which have not been met al the year enLI are noted as a commrtment. bul not accrued as expendiluie. All expenditure is inclusive of irrecoverable VAT. 2.5 Tangible fixed assets and depreciatlon Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic benefits are probable and the cost ￿ value of the asset can be measured reliably. Tangible fixed assets ère inilialty Tecognised al cost. After recognition, under the cost model, tangible fixed assets are measured * cost less accumulated depreciation and any accumulated impaimienl losses. All cos15 incuried to bring a tangible fixed asset into rts intended working condition should be included in the measurement of cost. Depreciation Is charged so as to allocate the ¢05t ol tangible fixed assets less their residual value over their estimated useful lives. Dfrprecialion Is provided on the Iollowing basis.. Freehold buildings 20A straight line 2.6 Investments Fixed asset investments are a form of financial instrument and are initially recognisecl al their 113nsaction CDSI and Subsequent￿ measured al fair value al the Balance sheet dale, unless the value ¢annol be measured reliably in which case il is measured at Cost less Impairment. Invèstment gains and losses, whether realised or unrealised, are combined and presented as 'Ga4nsllLosses} on inveslmenls. In the Slalemenl of financial aclivilies. Page 28 THE SUSSEX POUCE CHAR￿ABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting poli¢Eos {continuedl 2.7 Slocks Stock5 are valued al the lower of Cost and net realisable value after making due alhmnce for obsotete and slow-moving stocks. Cost indLtdes all dired costs and an appropriate proportion of fixed and variable overheads. 2.8 Debtors Trade and other deblots are recognised al the settlement amount after any trade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. 2.9 Cash at bank and In hand Cash al bank and in hand includes cash and short-lemi h￿hlY liquid investrnenls wrth a short malurily of three months or less from the date of acquisition or opening of the deposit or similar a¢￿unt. 2.10 Liabilities and piovtslon$ Li8bil￿eS are Tècognised when there is an obligation al the Batanco sheet dale as a resutt of a past event. il is probable that a transfer of economic benefit will be required in settSemenl, and the arnounl of the setttemenl can be estimated feliably. Liabilitj'es are iecognised al the amount that the Charity anticipates it will pay lo $0tt1o the debt Of the amount it has received as thnced pa￿TnentS for the goods or $oN¢es il must provKIe. PTowsions are measured al the best estimate of the amounts required lo settle the obligation. Where the effect of the lime value of money is m8terial, the provision is based on the present value of those amounts. discounted at the pre-tax discount rate that rellecls the risks spectfic lo the liability. The unwinding of the discount Is recognised in the Statement of financial activitigs as a finance cost. 2.11 Fund accounting General fund8 are unrestricted funds which are available for use al the discretion of the TTYStees in fUrthera￿e of the general objectives of the Charty and which have not been designated for other purposes. Investment income, gains and losses are allocated lo the appropriate fund. Income from donations and legacles UnTestricted funds 2024 Total fund$ 2024 Donations and grfts 9,500 9,500 Page 29 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Income from donation$ and l•ga¢iè$ Icontinuedl Un￿$t￿l¢led lunds 2023 Total fiinds 2023 Donatioris and gbfts 17,259 17,259 Income from charitable activities Unrestricted funds 2024 Total funds 2024 Subscriptions 121,356 121.356 Unrestncted furjds 2023 Tolal funds 2023 Subscriptions 121.944 121,944 Investment income un￿stricted funds 2024 Total funds 2024 Income from b'sled inveslmenls Iiilefesl receivable 56.278 1,016 56,278 1,016 57,294 57,294 Page 30 THE SUSSEX POUCE CHARrrA8LE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment Incom• {¢ontinuedl UnreslrKled funds 2023 Total funds 2023 Income from listed inveslmonls Interest receivable 49,174 716 49,174 716 49.8 49,890 Other Incoming resources Unrastricted funds 2024 Total fund$ 2024 Death benefit scheme Discounts ieceiwj 18,210 375 18,210 375 18,585 18.$8S UnTrslrict8d funds 2023 Total funds 2023 Death Benefrt Scheme Grant$ received 30,014 25 30,014 25 30,039 30,039 Page 31 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Investment management costs Unrestricted funds 2024 Total funds 2024 Investment management fees 11,177 11,177 Unrestricted runds 2023 Total funds 2023 Investment management fees 11.101 11,101 Analy$is ol expendlture by actlvltles Activities undertaken directly 2024 Grant funding of activities 2024 Support costs 2024 Total funds 2024 Direct charitable expenditure Grants payable 104,347 1,350 43,609 81.689 187.386 43,609 104.347 44,959 81,689 230,995 Activities undertakeii dirèctly 2023 Granl fuiidiiig ol activil￿eS 2023 Siipport costs 2023 Total lunds 2023 Direct charitable expenditure Grants payable 112.822 1,340 62,898 72,729 186,891 S2,898 112,822 S4,238 72,729 249.789 Page 32 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Analysis of &xpendituro by actlvltles l¢ontinuedl Analysls of dlrect costs Total funds 2024 Activitiès 2024 Staff costs Depreciation Training costs Death benefits Tfavel Publicity Insurance Repair$ and renewals Telephone R*es Light and heat Trustee expenses Goveman¢o costs 59,529 4,285 318 18,210 23 1,S18 2,120 8,895 257 455 1,493 155 7.089 59,529 4,285 318 18.210 23 1.518 2.120 8,895 257 45S 1,493 155 7,089 104,347 104,347 Page 33 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 310ECEMBER 2024 Anatysis of •xp*nditure by activities Icontinuedl Analysis of direct costs Icontinuedl rotal funds 2023 Activities 2023 Staff costs Depreciation Training costs Death benefits Travel Publicity Insurance 55,132 4,285 745 55,132 4,285 745 30,014 80 1,040 1,733 10,762 306 30,014 80 1,040 1,733 10762 Repairs and renewals Telephone Rates 306 357 357 Light and heal Trustee expenses Governance costs 1,232 242 6,894 1,232 242 6,894 112.822 112.822 Analysis of support costs Total fund5 2024 Activities 2024 Staff costs 81,689 81.689 rolal fvnds 2023 Actwities 2023 Staff costs 72,729 72,729 Page 34 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Audltora. remuneration 2024 2023 Fee8 Payable to the Chartys audf(or for the audit of the Charws annual accounts 7,000 6.804 10. Staff costs 2024 2023 Wages and salaries 141.218 127,861 141.218 127,861 The average number of persons employed by the Charty during the year was as follows". 2024 No. 2023 No. Direct eharilable Management and adminslralion No empk)yee r&ewed remuneration amounting to more than £60,000 in either year. The key management personnel of the charity are the trustees. No trustees received remuneration or benefrts in respect of their role as trustees. Page 35 THE SUSSEX POUCE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees. remuneration and expenses During the year, no Trustees recewed any remuneration or other benefrts12023 - £NILI. During the year ended 31 December 2024, expenses tolalling £23 were reimbursed lo one Trustee 12023 - £3221. 12. Tangible fixed assets Freehold property Cost or valuation Al 1 January 2024 214,213 At 31 December 2024 214,213 Depreciation At 1 January 2024 Charge lor thè year 80,741 4.285 Al 31 December 2024 85,026 Nel book value At 31 Deeember 2024 129,187 At 31 December 2023 133,472 Page 36 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 13. Flxed asset invgstmonts Llsted Investment$ Cost or valuatlon At 1 January 2024 Addil¢ons Disposals Revaluations 1.591,340 176,553 {198,5831 39.020 Al 31 December 2024 1.608,330 Net book valug At 31 December 2024 1,608,330 Al 31 December 2023 1,591,340 1& Stocks 2024 2023 Raw materials and consumables 3,258 3,208 15. Debtors 2024 2023 Duè after morè than one year Trade debtors 23.134 33,010 2024 2023 Due wlthln one year Trade debtors Other debtors Prepaymet)Is and income 15,148 8,493 2,266 16,273 24.854 1,414 25.896 42,541 Page 37 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 16. Creditors.. Amounts falling due within one year 2024 2023 A¢¢ruals and deferred income 59,578 59,991 17. Statement of funds Statement of funds- current year 8alan¢g at 31 Balance at 1 January 2024 Galnsl ILoss¢sl December 2024 Income Expènditure Unrestricted funds General Funds all funds 1,797.683 206,735 1242,1721 30,063 1.792,309 Statement of funds- prlor year Balance al 31 December 2023 Balance al l January 2023 Gains/ (Losses) Income Expendilu Unrestricted funds General Funds all fund5 1.759,776 219.132 1260,8901 79.665 1,797,683 Page 38 THE 8US8EX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 18. Anatysis of nfjt assgts betsveen fund$ Analysbg of net assets between funds . current perlod Unrestrlcted funds 2024 Total funds 2024 Tangible fixed assets Fixed asset investments Debtors due after more than one year Current assets Creditors dlse within one year 129,187 1.608,330 23.134 91,236 159,5781 129,187 1,608,330 23,134 91.236 159.5781 Total 1,792,309 1.792,309 Analysis of n61 assets between funds- prlof pefiod Unrestrictad funds 2023 Tol81 funds 2023 Tangible frxed assets Fixed asset investments Debtors due after more than one year Current assets Creditors due vAlhin one year 133,472 1,591,340 33,010 99,852 {59,9911 133,472 1,591,340 33,010 99,852 {59,9911 Total 1,797,683 1,797.683 Page 39 THE SUSSEX POLICE CHARITABLE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 DECEMBER 2024 Recon¢iliation of net movement in funds to net cash flow from operating activities 2024 2023 Nel expendi(ure foT the period {as per Slalement of Financial Acliviliesl 135,4371 141,7581 Adjustments for.. Depreciation charges Dividends. interests and rents from investments De¢reasellincrea5el in stocks Decreasellincreasel in debtors Decrease ir¢ credf(ors 4,28S 156,2781 {50 26,520 14131 4,285 148,921) 1748) 17,438) 16,923) Net cash used in operating activities 161,3731 1101,503) Analy$4s of cash and cash equivalents 2024 2023 Cash in hand 62.082 54.103 21. Analysis of ¢hange$ in not debt At1 January 2024 Cash flows At31 December 2024 Cash al bank and in hand 54,103 7,979 62,082 22. Related party transactions The Charity has not entered into any ielated paty Iiansaction dufing the year, nor are there any outstallding balances owing between felaled partie5 and the Charity al 31 December 2024. Page 40