Charity Nurnber 278257 THE POLICE FOUNDATION The UKS policing think tank Annual Report and Accounts Year ended 30 June 2025
The Police Foundation Annual Report and Accounts Year ended 30 June 2025 Contents Page Annual Report of the Trustees 3-12 Independent Examiner's Report 13 Statement of Financial Activities 14 Balance Sheet Cash flow Statement 16 Notes lo the Financial Statements 17-31 P8ge 1
The Police Foundation Annual Report of the Trustees Year ended 30 June 2025 Reference and administrative information Contact details Address 124 City Road London EC1V2NX Web Site olice-foundation.or .uk Trustees and Officers Trustees D8me Sara Thornton DBE QPM IChair- from 11 July 20241 Sir William Jeffrey KCB IChair- resigned 11 July 20241 The Rl. Hon. Sir John Wheeler JP DL (resigned 11 July 241 Ms Marycalam Lord Dholakia of Waltham Brooks PC OBE DL Profe580r Nicholas Fyffe Sir David Garrard (died 21 June 20251 Professor Martin Innes Mr Stephen Rimmer CB Mr Michael Cunningham CBE QPM Mr Andrew Tivey Mr Hugh Sherriffe Director rv1r Blair Gibbs- appointed 3rd September 2025 IDr Richard G Muir until 30" April 20251 Professional Advisers lThJeFendent Examiners Nyman Libson Paul LLP 124 Finchley Road London NW3 5JS Solicilors Bales Wells Brailhwaile 10 Queen Street Place London EC4R 18E Bankers HSBC UK Bank PIC 79 Piccadilly London W1J 8EU Investment AdvEers Ralhbones Investment Management 30 Gresham Street London EC2V 7QN Page 2
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Trustees, Reporl The Trustees of the Police Found81ion present their Annu81 Report for the year ended 30 June 2025 and the financial sialements lor that year, prepared in accordance with the Charities Act 2011 and the Slalement of Recommended Practice.. Accounting and Reporting by Charities ISORPI IFRS1021. The Police Foundation is a registered charity Inumber 2782571. Its address is shown on page 2. Trustees The names ol the Trustee5 who served during the year ended 30 June 2025 are listed on page 2. Slruclure, governance and management Governing document The Police Foundation is a Charitable TtUSt governed by Its Trust Deed dated 9 July 1979. Following discussion with the Charity Cornmission, the Trust Deed was most recently updated on 11 July 2007, Governance and management The Board ofTrustees is restonsible for the overall governance of the Foundation. The Board meets formally at least twice a year. There were three meelings during the year ended 30 June 2025. The existing Trustees have the power lo appoint new TrLJslees, and the lolal number shall not be more than eighteen or le5S than eight. Each Trustee rnay serve up to two consecutive four-year terrns of office and thereafter may be reappointed by lomial Board resolution for such period as the meeting may resolve. Any business requiring the involvement ol Trustees between Board meetings is conducted through appropriate sub- committees of TrLJStees, with any decisions required being formally ratified via postal or other means of communication. The routine management ol the FoLJndalion is the responsibility ol the Director, who reports directly to the Chairtnan ol the Board ol Trustees. The Trustees employ a small central staff. Recruitment, induction and training of Trustees The Foundation's TrLJStees are appointed by resolution ol the Board following due consideration ol nominations received, based on relevant attributes inclLJding specialist skills and experience. In addition to meeting key members ol the Foundation's staff, new TrLiStees are provided with an induction pack comprising information on Trustees, responsibilities, 3 copy of the Trust Deed, the latest Annual Report and Accounts, minutes ol Trustees, meetings, and relevant Information on the Foundation's current work progr3mme. 1 Trustees a@ encouraged to attend relevant seminars and Trustee training courses. Policy for the remuneration of key management personnel The Foundation's remuneration policy for all staff is decided by the Trustees. Remuneration is based on the market value lor each role. Salary reviews are held on an annual basis. The charity is accredited with the LIng Wage Foundation. Public benefft The Trustees have given due consideration to the Charity Commission's published guidgnce on the Public Benefit requirement under The Charities Acl 2011. The charity is a Public Benefit Enlity. The Trustees confirm that they have referred to the gLJidance contained in the Charity Commission's general gLJidance on public benefit when reviewing the Foundation'3 aims and objectives and in planning lulure activities. Page 3
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Objects, aims and principal activities Who we are The Policè Foundation is the UK'S policing think lank. We are the only independent think tank in th& UK focused exclusively on improving policing. Our mission is lo generate evidence and develop ideas which deliver beller policing and a safer society. We do this by producing trusted, impartial research, by facililaling informèd public debate about policing and by working with the police and their partners lo create change. Objects The objects of the Police Foundation, as sel out in the Trust Deed are.. the advancernent and prornotion of efficient and effective policing.. and to undertake and promote study and research into the methods, organisation and effecliv&ne88 of the fK)lice and the training of police officers, and lo publish the useful results of such study and research. Our mission The Police Foundation has three main aims". lo understand how policing can become more effective, efficient and legilimale., lo generate new ideas for how the police can keep citizens safe in a rapidly changing world., lo lacililale informed public debate about policing. Our mission Is realised by.. undertaking credible. high-qualily applied research of direct relevance to policy practice. hosting Èvents into specific policing and crime reduction issues. offering training and consultancy lo help the police and others transfer evidence and knowledge into policy and practice. commLJnicaling our ideas lo a wider aLJdience through our networks in policing and beyond and through our use of print, broadcast and digital media. Page 4
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 Police Reform activity With a Home Office white paper in preparation and a significant police reform programme expected lo follow, the Foundation's activities focused on influencing this evolving wlicy agenda. In November 2024, Fit for the future. the case for 2 reformed national policing landscape, published by the Police Foundation and Leapwise Advisory, called for a single national police agency lo support better frontline policing for local communities across England and Wales, along with wider slruclural changes lo the national poliGing functions. In May 2025, the Foundation convened a seminar at Oxford enlilled.. 'Police reform.. lessons from the past and prospècts for the future, (sèe loW). Health impact of fraud In 2024 thè National Institute for Health and Care Research funded this project lo help develop research evidence on the health impact of fraud on victims. The research was carried out by the Police Foundation in partnership with the Universi of Portsmouth. Fraud is growing rapidly and Is now the most common crime type in England and Wales. And research evidence shows that il can have a considerable impact on victims, physical and mental health which can damage their quality of life and in some cases leave Ihern vulnerable lo repeal viclimisation. However, there are large gaps in our understanding of the impact that fraud has on individuals. their support needs and how these can be identified and addressed by the police and wider public services. This project w85 an Irnportanl early slep In demonstrating the health impact of fraud and victims, needs. This included understanding how many victims experience a health impact, how these experiences differ between victims, their lived experiences, the associated risks and support needs of victims and strategies for assessing and meeting these needs through the poli and public services. The research ran until Q4 2025. Page 5
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Fraud Policing In 2024 4.1 million people were victims of fraud which alone made up 43 per cent of all crime affecting those aged over 16 in England and Wales, and the government's National Fraud Strategy eslimales that fraud costs UK socièty £6.8 billion a year. Bul our policing inslilulions have not caught up with the Scal of that change. We have a 1960s local policing structure trying lo fight a 21 sl century cyberenabled cross border crime. As a result, the police are achieving limited success and victims are receiving loo little by way of service. Yet fraud Is not a 'victimless crime.. Recent Police Foundation research has shown that fraud can have a significant psychological as well as financial impact on those who experience it. In May 2025 this project delivered an initial report with eight key recommendalions for change. These include a focus on crime prevention, organisalional reform inclLJding the creation of a single national body lo lead and coordinate the response lo fraud, collaboration with the private sector. a national economic crime workforce and ring-fenced funds ensure tackling fraud is sufficiently resourced. The final oulpul of this project followed in Q12026. Public-private partnerships In 2025, the Art Loss Register supporled a new project exploring the nature and impact of existing private sector partnerships that 8UPPOrt policing. With a focus on tackling thefland fraud, this research examined how lo encourage partnerships between the police and the public sector and drew together key examples of public-private partnerships ranging from commercially operatecl property registers lo industry funded police units and data sharing partnerships. The final report was released in Q4 2025. SALVUS The Horizon programme of the European Union has funded the SALVUS project, which aims lo engage with and understand the CLirrenl practices and needs of law enforcement agencies, forensic in81ilutès. policymakers. and legal systems in online Investigations of online child sexu81 abuse ICSAI. This two-year project, which began in the second half of2025, aims lo provide evidence-based knowledge and understanding of CSA online and undercover investigations and their relationship lo obligations lo ensure the legality of evidence collection. The Police Foundation was selected lo workin collaboration with a consortium of organisalions from across Multip European countries lo deliver SALVUS. Page 6
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Anti-social behaviour toolkit 11 is nationally recognised that Anti-social Behaviour IASBI can delrimenlally impact individuals, break down communities and reduce the feeling of Safety for those living within them. In 2024, in conjunction with Humberside Police, the Office of the Police and Crime Commissioner funded The Police Foundation lo create an ASB Toolkit for use by Police and other partner agencies. The loolkil was intended lo allow sharing of Information and understanding terminology, as well a5 creating interventions that belter ulilise the skills and expertise across different sectors. Four workshops were held across the HLJmber region. providing training lo a nLJmber of organisations who specialise In lackling ASB, around how they could pul the new loolkil Into practice. The events brought members from local aulhorilies, hoLJsing providers and Humberside Police lo create a multi-agency network lo combat tackling and preventing anti-social behaviour within our local communities. The Poli Foundation provided clear and practical training, supported by extensive academic knowledge, raising new ways of viewing ASB lo help understand the demand and how lo tackle the cause8. The final toolkit released In 2025 provided practitioners with up-to-date research. current problem-solving approaches, evidence-based case work and practical examples allowing a collaborative approach lo deal with root Causes of ASB In the region. Unlocking the potential of data, digitsl and technology in policing The Foundation undertook a projèct supportèd by Virgin Media 02 Business lo look al how lo unlock the potential of data. digital and technology in policing. The research team conducted a literature review and led inleNiews with stakeholders from across policing, government and industry lo explore the barriers lo progress. The final report was published and made a series of recommendations for government and the police seNice. Al and policing The Foundation undertook a project supporled by Forensic Analytics looking al how artificial intelligence IAII 18 currently being deployed by the rK)lice and how il could be deployed in the future. The final report was published and set out how the police can use Al. ethically. to help Improve public safely. Roadcraft The Roadcraft series of publications. which is published by The Stationery Office ITSOI and comprises four books (Roadcraft.. The Poli Driver's Handbook,. Motorcycle Roadcraft.. The Police Riders Han<Ybook', 'Fleetcraft.' The Essential Occupational Driver's Handbook, and 'Towing Roadcraft.. The Essential Towing Handb(k,) and a DVD I'Roadcraft.. The Police Drivers Course on Advanced Driving'l, makes a significant contribution to road safety by Improving the driving of both the police, other emergency seNice drivers and members of the public. Throughout 2023124 the Foundation continued to publicise the 2020 editions of 'Roadcraft.. The Polie Driver's Handbook, and 'Motorcycle Roadcraft.. The Police Riders Handbook, and in 2024-25 made progress on the nèw edition, which was released in late 2025. Page 7
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Oxford Policing Policy Forum After a break of seven years, the 20th Oxford Policing Policy Forum IOPPFI was convened al All Souls College, Oxford on 12th May 2025 on the topic of police reform. With pressing concerns about finances, police performance and public confidence, participants agreed that while police reform is difficult lo design and deliver, il is urgently needed. The Forum reflected on previous allempls at structural reform and lessons learned. Including the 2005-06 police forTr mergers programme and the creation of Police Scotland. A publishèd summary fftport providèd a Ihemalic commèntary of the short framing presentations provided and the oonversalions that arose. The 2025 Cumberland Lodge Police Conference The Cumberland Lodge Police Conference is one oflhe Foundation's flagship events undertaken annually. In June 2025 the Polioe Foundation had the privilege of bringing together senior police officers, practitioners. academics, lechnologisls and representatives from non-profit and private sector organisalions, lo discuss and consider the current demands on the police and ask what the future challenge of tackling gender-based violence will look like. Over three days. delegates examined the current policing response lo VAWG and the direction It should lake, how global and online threats are evolving, what musl be done lo addre sexism and misogyny within policing, and how lo counter the rising tide of misogynistic allacks largeling women in PLJblic life. A report from the conference was published in the autumn of 202510 bring the discussions, alongside the pre-evenl briefing paper, lo a wider audience. Objectives for the year ended 30 June 2026 The end of April 2025 saw a significant change for the Foundation, with the departure of our long standing director, Rick Muir, to a new role as policy advisor lo the Horne Secretary. This important apwintrnent is leslimony lo the contribution that Rick and the Foundation have made lo shaping thinking about policing in this country. In the year 2025126, the Foundation will continue lo implement the strategy that Rick had developed strategy. which aims lo ensure il remains the UK'S leading policing think lank. while diversifwng our income streams and expanding our global reach. While the Foundation's research work continued across the summer, the arrival of our new Director, Blair Gibbs, in Sèptember 2025, provided fresh impetus and an opportunity to explore new opportunities and relationships. In the coming months and years, we will be pursLJing a revised research prwramme, to make sure we are tackling the most Important Issues in policing and the issues that Impact safety and public confidence. In particular we have plans for major new projects on police reform, technology, leadership, prevention and thè role of the private Sector in tackling crime. Page 8
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued We will also refresh and expand our events programme, undertaking a wider variety of public and invile- only èvents, whilst continuing with our regular roundlablos on lopieal policing i8SLJe8. W& will be organising the OPPF once more in the spring, and the 2026 Cumberland Lodge Police Conference in June 2026, along with hosting our annual lecture. Page 9
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Trustees, responsibilities for the accounts Charity law requires the Trustees lo prepare accounts for each financial year which give a true and fair view of the Charity s financial activities during the yèar and ol its financial position at the ènd of the year. In pieparing the accounts the Trustees should.. select suitable accounting policies and apply them consislenlly make judgements and estimates that are reasonable and prudent follow the recomtllendalions of the Charity Commission and of the accounting profession with regard lo form and content of the accounts. or disclose and explain any departures therefrom prepare the accounts on the going concern basis unless il is inappropriate lo aume that the charity will be able lo continue lo meet ils objectives The Trustees ale responsible for keeping proper accounting records which dI10$e with reasonable accuracy the financial position of the charity and which enable them lo ascertain the financial tJ)silion of the charity and ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the charity s assets. and hence for 18king reasonable steps for the prevention and detection ol error, fraud and other irregularities. Risk management The Trustees are ultimately responsible for the management of the risks faced by the Foundation. Together with the Dirèctor thèy idèntify and assess these risks on a regular basis and ttonsiderthe systems and controls which have been established lo miligale them. During the year the Trustees stent time al their Board meetings reviewing the most significant risks facing the charity, including the risk of being unable to secure future grant funding, consultancy projects and other income, the risk of being unable to relain or recruit key staff members and the risk of damage to the charity's reputation. The Trustees and thè Director have taken steps lo miligale these risks - these includè souning new funders, launching a new strategic partner prffjramme, expanding the charity s profile both nationally and inlernalionally, whilst always safeguarding ils reputation and maintaining ils independence, and reviewing staff pay levels and lilles lo ensure that Ihey reflect the skill and experience of the staff. Going concern basis for preparation of the financial statements The Trustees consider the Police FoLJndalion's plans and strategies al each Board meeting. As part of this preSS. the Finance Subcommittee of the Trustees has reviewed the lalesl income projections, budgets and cash flow forecasts for the period lo 30 June 2027, and the assumptions contained therein. In light of these projections, the Trustees are confidènt that the Foundation has adequate resource8 10 continue in operational existence for the foreseeable future and that there are no material uncertainties that call into doLJbl the Foundation's ability lo continue. Accordingly, they continue lo adopt the going concern basis in preparing the financial statèmènts as outlined in the Statement of Trustees, Responsibilities. Page 10
The Police Foundation Annual Report of the Trustees Icontinued} Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Trustees, responsibilities for the accounts continued Financial results The financial results for the year ended 30 June 2025 are sel out in the Statement of Financial Activities on page 14, the Balance Sheet on pago 15 and the Cash Flow Slalemenl on page 16, together with the accounting policies and notes lo the accounts on pages 17 10 31. Restricted Funds Details of Reslricled Funds are set out in note 14 to the accounts on pages 26 and 27. Unrestricted Funds The lolal unreslricled Income for the year ended 30 June 2025 was £307,000 compared with £293,000 in Ihe previous year. Unrestricted expenditure for the financial year was £421.000. so unreslricled expenditure exceeded Ljnreslricled income by £114,000. There were realised investment gains of £nil and an increase in the value of the investtnent portfolio of £17,000, representing unrealised gains at the balance sheet dale, so unrestricted funds decreased by a net lolal of £96.000 10 £376.000. This compares with a decrease of £11,000 in the year ended 30 June 2024. The loss in year is explained by the reduction in fundraising activity bètween the dèparture of the1281 Director and the recruilmenl ol the nèw Director in September, which resulted In a temporary clrop in income after March 2025. The Foundation's unreslricled funds are held in a managed investment portfolio and as cash on deposit. The charity has 8 Written investment policy. with long term growth and low to medium risk 8S the main criteria. Further details of Unreslricled Funds are sel out in note 15 to the accounts on page 28. Fundraising Expenditure The charity had no fundraising activities requiring disclosure under S162A of the Charities Act 2011. Reserves The Tru8tèos review the finances of the charity on a rogular basis, both in the Finance Sub-commillee and al main Trustees, meetings. They consider that reserves of al least six lo twelve months, worth of general expenditure are desirable. Al 30 June 2025, Reslricled funds were £nil. Unreslricled funds al the y&ar- end were £376,000 of which free reserves lotalled £371,000. Free reserves represent nearly a year's worth of central staffing and other overhead costs as budgeted for the year ended 30 June 2026. which is in line with the Charity's reserves policy. P3ge11
The Police Foundation Annual Report of the Trustees Icontinued) Year ended 30 June 2025 Review of the year ended 30 June 2025 continued Trustees. responsibilities for the accounts continued Financial results continued Investment powers, policy and performance The Trustees, investment powers are governÈd by thè Trust Dèed, which permits the Foundation's funds lo be invested in any slccks, shares, funds. securities, land or other Investments or property. The Board's policy is lo invest surplus unrestricted funds for a total return by adopting a medium risk investment strategy. while ensuring that sufficient liquid funds are available lo meet projected commilmenls. Reslricled lunds are held in cash on deposit because ol the need lo meet known project expenditure comrnitmenls Wlthin a relatively short time frame. The Foundation's inveslmenls have continued lo be managed in accordance with our policy and the Trust Deed. The investment advisers provide quarterly rèports lo the Finance Subcommillee of the Trustees, and a sumrnary Is provided to all Trustees prior to each Trustees meeting. Significant movements In the value of the portfolio are discussed by the Finance Subcommillee, and, where necessary, with the other Trusl&es and with the investment advisers. There were net realised gains on the sale of Investments of £nil in the year and net unrealised gains of £17,000 were recorded on revaluation of investments al Ihe end of the financial year. Investment income of £11,000 was received and rèinvestèd during the year. The performance wa8 in line with expoclalK)ns given the Impact of world events during the financial year affecting investments globally. Independent Examiner Nyman Libson Paul LLP have expressed their willingness lo continue in office as independent examiner and a resolution proposing their reappoinlmenl will be submitted to the forthcoming Trustees, meeting. Approved by the Board of Trustees on 30 April 2026 and signed on its behalf by.. Mr Andrew Tivey Trnstee Page 12
The Police Foundation Report of the Independent Examiners Year ended 30 June 2025 Independent examiner's reporl to the Trnstees of The Police Foundation I report lo the Trustees on my examination of the accounts of the Police Foundation for the year ended 30 June 2025 which are sel out on pages 14 to 31. This report is made solely lo the charity's Trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examinèr's work has been undertaken so that I might slate lo the charity 5 Trustees those matters l am required to slate lo them in an independent examiner's report and for no other purpose. To the fullest exlenl permilled by law, I do not accept or assume responsibility lo 8nyone other than the Gh8rily, the Gharity s members 85 a body and the charity's Trustees as a body lor my independent examiner's work, for this report. or for the opinions I have formed. Resp)nsibilities and basis of report As the charity Trustees of the Trust you are responsiblo for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Acl'l. I retK)rl in respect of my examination ol the Trust's accounts carried out under Section 145 of the 2011 Act and in Carrying out rny examination I have followed all the applicable Direolions given by the Charity Commission uncler section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come lo my allenlion in connection wilh Ihe examination giving me cause lo believe that in any material respect.. accounting records were not kept In respect of the Trust as required by section 130 of the Act,. or 2. the accounts do not accord with those records.. or 3. the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Rewrlsl Regulations 2008 other than any requirement that the accounts give 8 'lrue and fair view. which is not 8 matter considered as part of an indepenclenl examination. I have no concerns and have come across no other mallers in connection with the examination to which allenlion should be drawn in this report in order lo enable a propèr understanding of the accounts to be reached. Andrew Thomas ACA Nyman Libson Paul LLP 124 Finchley Road London NW3 5JS 1 May 2026 Page 13
The Police Foundation Statement of Financial Activities Year ended 30 June 2025 Notes Unrestrfcted Funds Rericted Funds Total Futyls 2025 Total Funds 2024 INCOME AND ENDOWMENTS FROM Donations, grants aThJ legacEs Investment income Incorre fr(m charftable actlvlues." Fees for Consultancy. training & events Sale of publications 25,871 11,794 351,368 377,239 11,794 373.422 70,223 230.428 39,211 230.428 39,211 27 1.900 44.711 Total 307.304 351.368 658.672 580,316 EXPENDITURE ON Charilthe activities.. Undertaking research and influencing policy Consultancy, training & events Publications 191.688 213.143 15,136 351,368 543.056 213.143 15,736 422,098 200.()46 4.97 7 Total 420.567 351,368 771.935 627.055 Nel gainslllossesl on inveslrnents 17,285 17,285 35,666 Net IncorrEI {eXpdIture) 195.9781 {95.9781 (11,073) Other gains and losses Actuarial gain{lO$Ses} on defined Benefit pension scheme 17 172) 1721 Net movement in fijnds 196.0501 {96.0501 (11,371) Total tsnds brought fopN8rd 472,012 472,012 483.383 Total funds carri1 fmyard 14&15 375,2 37S,962 412.012 l ts atrKJve resuf(s are derived from contiNirE activltSes. There were no thr recognlsed galr6 or losses otherthan those st*ed above. The wtes on pages 16 to 30 fcm part ofthese eInt9. A full analysls of lThJIUal reStrted funds Is glven In note 14 on pages 25 and 26. Page 14
The Police Foundation Balance Sheet 30 June 2025 Notes 2025 2024 FIXED ASSErs Tangible assets Investments 4,523 395.876 5,400 361,440 366,840 400.399 CURRENT ASSETS Debtors Cash at bank and in hand 167,080 20.591 163.413 29,623 187,671 193.096 CREDITORS Amounts falling due wthin one year {199.925) (69,629) NET CURRENT ASSETS {12,2541 123,461 Provision lor liabilities 112.1831 (18.295) NET ASSETS 375.962 472,072 REPRESENTED BY.. AccumLilated ILinds". Unrestricted ILinds Restricted funds 375.2 472,072 14 375,*2 472.012 Approved by the Board of Ttustees on 30 April 2026 and signed on its behalf by.. Darne Sara Thjrton Trustees Mr Andrew nvey Charity Number 278257 The rK•les on pages 16 to 30 fcfrn part of these account5. A full analysis of indiwdual restricted fijnds is given in note 14 on page5 25 and 26. Page 15
The Police Foundation Cash Flow Statement Year ended 30 June 2025 21Y25 2024 Cash llows from (perallng aclwldes.. Net cath prowided by {used inl Operati actiwliès 950 (132. 101) Cash fflows from Investlng atI&%. Dividends. interest and rents from investments 648 SalellpLJrchasel ol property. plant and equipment 16301 (5,4(X)) Salellpurchasel ol investments 70,000 Net cath prded by {used Inl Investlng {9.982} 65,341 Change in cash and cash equivalents in the reporting period {9.032) (66, 754) Cash and cash equivalents at the beginning of the reporting period 29,623 96.3/1 Cash and cash equivalents at the end ol the reporting period 20.591 29,623 Nel incornellexpenditurel for the reporting period las per the statement of financial activiliesl 196.0501 (17,317) Adjustrnents for.. Depreciation charges IG3inglllosses on investments Dividends. interest and rents from investments Investment rn8nagemenl fees Ilncre8selldecrease in debtors Increaselldecreasel In creditorg 1,507 117.2851 111,7941 3.995 {3.607) 124.184 (35,666) (10.223) 4,613 (63,977) (75,417) Net cash provided by (used Inl operating activities 132, 101 Cash in hand Notice deposits 20,591 29.623 Total cash aThJ cash equwalents 20.591 29,623 Page 16
The Police Foundation Notes lo the Accounts Year ended 30 June 2025 I. AccouNnNG PoucIES Basls of weparath)n ofth8 accounts The financial statements have been prepared In accordance with the Charities SORP IFRS 1021 applicable to charities prepgring their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice. The financial statements have been prepared lo give a'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent to provide a 'lrue and fair, view. The Foundatitsn congtitutes a public benefit entity ag defined by FRS 102. As detailed In the Trusteèg Report, the tmsteeg havè reviewed the latest Income projections, budgèts and cash flow forecasts for the period to 30 June 2027. and the assumptions contained therein. In light of these projections, the Trustees are confident that the Foundation h3S adequate resources to continue in opergtional existence lor the foreseeable future and that there are not materi31 uncertainties th31 call into doLJbl the Foundation's ability to contir)ue. Accordingly. they continue lo adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees, Responsibilities. b) Income l income is recognised in the St8lernenl ol Financi31 Activities once the charity has entitlement lo the funds. it is probable that the income will be received, and the arnount can be measured reliably. E((Ure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of economic benefits will be required in setllemenl and the amount ol the obligation can be measured lIablY. Expendilure is accounted lor on an accrLJals basis and has been classified under headir)gs that aggregate all costs related lo the category. Where costs cannot be directly attributed to particular headings. they have been allocated to activities on a basis consistent with the use ol resources. d) Tangible flx1 asset5 Tangible fixed assets are capilalised where the item costs in excess of £500. Depreciation is prowded on all tangible fixed assets in use at rates calculated to write off the cost on a straight-line basis over their expected useful economic lives as follows.. Computer equipment over 4 years Investments Investments are slated in the balance sheel al market value. Gains or losses arising on revalLJalion al each financial year end, and on sales of Investments, are credited or charged In the SOFA. Re*rfcted funds Restricted funds a egtablished where monies are received for specific purposeg, such as particular regèarch projects. A separate fund Is established lor each Individual project, and relevant expenditure Is charged thereto. Page 17
The Police Foundation Notes to the Accounts Iconlinuedl Year ended 30 June 2025 ACCOIJNTING POLICIES {continued) gl Unrestricted ftJrKJs Unrestricted funds are funds which a available for use at the discretion of the Trustees in furtherance of the general objectives ol the Charity and which have not been designated for other purposes. h) OperalirYJ1&8ses The rentals payable under operating leases are charged in the SOFA on a straight-line basis over the lease term. Finala1 irEtrument5 The Police Foundation has financial assets and financial liabilities of a kind that qualify as basic financial Instruments. Basic financial Instruments are Initially 0915ed at transaction value and 5ub%equenily measured at amortised Gost using the effective interest method. Financial assets held at amortised cost comprise cash at bank and in hand, together with accrued interest and other debtors. Financial liabilities held at arnorlised cost comprise trade creditors and accruals. Investments. including bonds held as part ol an investment portfolio are held at fair value at the Balance Sheet date, with gains and losses being recognised within income and expendilLire. PenOn costs The Foundation makes contributions to a defined contribution pension scheme in accordance with the requirements ol Auto Enrolment., The contributions are accounted lor as they become payable. The Foundation previously participated in a multi-employer defined benefit scheme. Deficit recovery payments a accounted for as they become payable, and acctsunling adjustments are in accordance with FRS102 and as described in full in Note 16. kl Taxali( No provision is made for corporation tax. as the Foundation is able to claim full statutory exemption subject to the proper application of all its charitable resources. Debtors Debtors are recognised at the settlement amount due. Prepayments are valLJed at the amount prepaid. ml Creditors Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third paty and the arnount due to settle the obligation oan be measured or estimated reliably. Cash and cash equivalents Cash and Gash equivalents inGlude Gash at bank and in hand, Gash hdd for reinvestment and 3hort-term deposits. Page 18
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 AccouNTING POUC8 {continued) ol Critical accountiTrJ jLbJgernents and key scurces of estimalicn urertaInty In the applic8lion of the Foundation's accounting policies, which are described in note 1, Trustees are required lo make jLJdgemenls, estimates 2nd assumptions about the carrying value ol assets and liabilities that are not readily apparent Irorn other sources. The estimates and underlying assumptions are based on historical experience and other laclors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on-going basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised. if the revision affects only that period, or in the period of the revision and future periods if the revision affects the current and future periods. In the view ol the TnJstees, no assumptions concerning the ILJture or eslimalion Ljncerlainty affecting assets and liabilitiès at the balance sheet date are likely to result in a rnalerial adjustment to their carrying amounts In the next financial year. DONATIONS AND GRATrnS 2tY25 2024 Unr&stricted Funds During the year. unrestricted donations and grants of £5.000 or more were received from the following.. The Tornpkins Foundation Other smaller grgnts and donations 25.0 870 25,870 25.01 1.370 26.310 21Y25 2024 Restrict1 Funds During the year, grants to fund specific projects were received from the following.. The Dawes Trust Barrow Cadbury The Youth Endowment Fund Virgin Media 02 Business PFCC for Essex International Art and Antique Loss Register Limited Durham University Marinus Analylics Forensic Analytics NIHR Other 142.540 8.800 84,OL 25.0 13.950 38,530 12,720 22.5 125, 183 33.550 10.0 22,765 25,6 65.554 6.6 287.052 3,328 351,368 Page 19
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 INVESTMENT INCOME 225 2024 Investment Income was derived from the following.. Listed investments Cash held on deposit 11,147 648 9.416 747 10.223 INCOME FROM CHARITABLE ACTIVnIES During the year. consultancy lees to fund specific projects were received from the following.. 2W25 2024 OPPF- sponsored by British Telecom Consultancy work lor the College ol Policing Consultancy work for PWC The use of stop and se8rch in relation to wolence prevention Crime and harm prevention in Wales Anti-social behaviour problem solving toolkit Consultancy work for Bgjfordshire OPCC 10.0 24.075 41,022 79.815 28.550 25,250 22.610 75,097 96.285 Cumberland Lodge annual conference PoliTr force course lees Other consultancy income 56.4 45,480 48.268 23.867 13,875 230.428 27 1,900 RESOURCES EXPENDED 2025 2024 The expenditure for the year includes.. Staff costs Inote 61 Independent examination lees Depreciation 514,524 2,775 1,507 464.678 2,615 No rernuner3tion was paid to anyof the Trustees. Expensesfor reirnbursed travd expenses relating to atlendame al Truslees, meetings were £50912024- £nill. Page 20
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 OTHER COSTS 2025 2024 Governance costs comprise.. Independent exarnination fees Trustees, travel exper)ses 2.775 509 2.615 EMPLOYEES 2025 2024 Stsff costs comprfse.. Wages and salaries Ernployers. National Insurance costs Pension costs 453.099 39,168 22.257 406,960 37,842 19,815 514,524 464,618 No. No. The average nLJmber of employees during the year was.. Full time The number of higher paid employees was.. £100,000- £110,000 £70,000- £80,000 £60,000- £70,000 Total pension contributions for the gbove staff rnembers were £4.64912024.. £5.3361. £3.05912024.. £2.9691 and £2,86912024'. £2,762) respectively. Key management personnel constitute the charity director, Total remuneration for the key management personnel was £108.9211£125.493- year ended 30 June 20241. Page 21
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 8. TOTAL RESOURCES EXPENDED Stgff costs Dit osts Support Costs 2025 Totsl 2024 Total UnrestrkntedfuThJs Charitatle a¢tiwbes.' Undertaking research and influencing policy Consultancy, training, and events Publications 97,485 92,422 120.721 15,2eO 476 94,203 191,688 213.143 15,736 135.046 200,046 4.911 Total." Unrestricted funds 205.167 121.197 94.203 420,567 340,003 Restrlcted fuTrls Undertaking research and influencing policy Consultancy, training, and events 309.357 309,357 42.011 217, 118 15,274 42,011 Totsl.. R8strtct8d fvnds 309.357 42.011 351.368 281,052 Totsl resources e%ed 514,524 163,208 94,203 T71,935 627.055 Page 22
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 COMPARATIVES FOR TEE STATEMENT OF FINANCIAL XCTfiryTIES- year ended 30 June 2024 Unrestrfcted Funds Restrfcted Fd$ Total Funds INCOME AND ENWWMENTS FROM tknnations. grants 8nd1gJacies Inve51rnenl irwrne Income from charitable actiwties.. Fees lor consultancy, training and events Sale ol publications 26,370 10,223 287,052 313.422 10,223 211.900 44.771 211,0 44.771 Total 293,264 287,052 580,316 EXpENDuRE ON chantab actmties.. Undertaking searCh and influencing policy Consultancy, training and events Publications 135.046 21K>.046 4,911 287.052 422,098 200,046 4,911 Total 340,LX)3 287,052 627,055 Net gains I Ilosgesl on Investments 35,666 Net incorrEI lexpendilurel 111.0731 111.0731 Other Gains and losses Actuarial gains11105sesl on defined benefit pension scheme (2981 1298) Net movement In funds 111.3711 111.3711 Total funds brought fonvard 483.383 483.383 Total fuThJs cathed fowrd 472,012 472.012 Page 23
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 io. TANGIBLE FtXED ASSETS Office Furniture and Equipment Totsl Cost 1 July 2024 Additions Disposals 7.681 630 7.681 630 AI 30 June 2025 8.311 8.311 1 July 2024 charge for the year On disposals 2,281 1.507 2.281 1,507 AI 30 Jun& 2025 3.788 3.788 Net Book Vall At 30 June 2025 4,523 4.523 Nef Book Value At 30 June 2024 5,400 INVESTMENTS 2025 2024 Market valLie at beginning ol financial year Net investtnentglwilhdrawalsl In the year Incorne reinvested FLJnd management fees lincluding recoverable VATI 361.440 10.000 11,147 13.996) 390,911 (70,000) 9.476 (4,613) Net gainslllossesl on disposals in the year Net gainslllos5esl on revaluation at financial year end Market value at end of financial year 1370) 17.655 395,876 5,521 30, 145 361.440 2W25 2024 Market Value A4arket Value Cost Cost UK Fixed Interest Overseas Fixed Interest UK Equities European Equities North American Equities International Property Far Easi & Australasian Equities Internation21 Equities Emergency Economies UK Property Ajternalive Assets Cash 30,885 31,675 49,729 8.674 27,135 7.440 7.982 68.676 11,873 30,483 29,718 56,703 18.468 29,894 7.538 11.160 96.708 13,491 41.422 26,636 39,832 8,674 21,001 1,440 1,982 50,887 11.813 39.389 24,644 43.001 77,746 29. 141 6.941 70,110 74,652 12.489 5.019 42.641 54,955 367.440 37,567 66.875 348,511 33,912 67.801 395,876 45.579 54,969 330.015 Page 24
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 12. DEBTORS 2025 2024 Accrued Income and prepayments Social security and other taxes Other debtors 163.782 3,298 163,473 167.080 163,473 Accrued Income and prepayments include accrued income of £149,190 at 30 June 2025. Accru&J income at 30 June 2024 wag 2161,5g2. Accrued income representg the value of work completed for which payment had not been received by 30 June 2025 In resp1 of research projects. publishing Income. consultancy fees and events. 13. CREDITORS.. Amounts falling due within one year 2025 2024 Social swurity and other taxes Other creditors Accruals and deferred incorne 9.159 257 190,509 15,880 7,046 52. 103 199.925 69,629 Deferred income at 30 June 2025 was £93.480. representing incorne received in advance for three projects, which will be recognised ir) the SOFA for the year ended 30 June 2026. Deferred income 8130 JLJne 2024 was £26.600, which was recognised in the SOFA for the year ended 30 June 2025. Income is received in advance of each stage ol a project commencing but Is only recognised In the SOFA on thè completion of the specified work lor that s13ge of the project. Page 25
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 14. RESTRICTED FUNDS Restricted funds are egtablished Whe monies have been received for specific purposes or projects 38 Itemised below. A separate fund is established for each indiiqdual project, and relevant expenditure is charged thereto. Bdow is analysis of movements on individual funds during the year ended 30 June 2025.. L3wEnforcenEnt ResDmses to OrganiseclFr3ud- funded bythe Dawes Trust, Joint Online Fiaudproject- funded by the Dawes Trust Designing3 nebvcrime and harm pretrwtion system for ErylarrfJ& W31e5-fuTrded by the D3wes Tnjst The Roleoflhe Pnvalesectorin T3ckhngAcqsIlTh CrME-fund&a by Inlernational Art & Antique Loss R&Jisler Ltd AutufflTr 2024 P3rty Conferences-funded by Barrow Cadbury Evaluation of STAR FundPathfinderrepcirt-funded by PFCC for EsseK Evaluation 0)rt for the Srazil Rota Project- funded by Marinus Analytics Tran5foryning the Polre Re5pcinse to Fiaud- fijnded byvirgin Media 02 Business Project Brwht Lwht-fiJnded by Durham University YEF fu[ forSEBP COO Funds held 30 June 2024 Incoming resources Grant Paid Resources Expended Funds hdd 30 Jun 2025 Nama of prol•ct fund Law enforcement responses to organised IraLJd 50,000 150,0001 Joint Online Fraud project 9,020 19,0201 Designing a new crime and harm prevention system for England and Wales 83.520 183.5201 The role of the private sector in tackling acquisitive crime 38,530 138,5301 Autumn 2024 Party Conferences 8,800 18,8001 Evaluation of STAR Fund Pathfinder report 13,950 113,9501 Evaluation report for the Brazil Rota project 22,500 122,5001 Transforming the Police response to fraud 25.000 125.0001 Project Bright Light 12,720 112,7201 YEF funding lor SEBP COO 84,000 184,0001 Other srnaller projects 3,328 13.3281 351.368 351,368 £fjQ.OQO of the Dawes Trust fundin was unre$tri¢ted In Au ust 2025 Page 26
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 14. RESTRICTED FUNDS Restricted funds a established where monies have beer) received for specific PLJrposes or projeclg. A separate fund Is established for each individual project, and relevant expenditure is charged thereto. Analysis of movements on Individual restricted funds during the year ended 30 June 2024 Is given below". A new operating model f0rpo11ng in the 21$1 Century- ILJnded by the Dawes TrLJsI Joint Online Fraudpmject- fLJnded by the Dawes TrLJSt Designing a newcrirne and harm prevention sl&M for England & Wales- funded by the Dawes Trust Policing and Young Adults- funded by BaOW C8dbury Autumn 2024 Party Conferences- funded by Barrow Cadbury Developing a GomprehEllsivE approaGh to Grime prevention In Cleveland- funded by Cleveland Police Al 3nd Policing proJECt- funded by Forensic Analytics Unlccking digital transformation in policing- funded by Virgin Media 02 Business NIHRproject funding- funded by NIHR YEFfiJnding for SEBP COO Funds held 30 JLJne 2023 Incoming resources Grgnt Paid Resources Expended Fthds hdd 30 Jur 2024 Name of project fund A new operaling model for policing In the 21 st Century 50,000 150,0001 Joint Online Fraud Project 62,183 162,1831 Designing a new crime and harm prevention system for England & Wales 13,000 113,0001 Policing and Young Adults 28,150 128,1501 Autumn 2024 Party Confèrencè 5,400 15.4001 Developing a comprehensive approach to crime prevention in Cleveland 4,900 14,gooi Al and Policing project 23.600 123.6001 Unlocking digital transformation in policing 22,765 122,7651 NIHR project funding 65,354 165,3541 YEF funding for SEBP COO 10,000 110,0001 Other smaller projects 1,700 11,7001 287,052 287,052 Page 27
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 15. UNRESTRICTED FUNDS An8lysis during year ended 30 June 2025 Funds held 30 June 2024 Incoming resources Resources expended Net ggins I Ilossesl on investment Actuarial gains Illossèsl onDB pension scheme Funds Hdd 30 June 2025 Unrestricted funds 472,012 307.304 1420.5671 17,285 1721 375,962 Analysis during year ended 30 June 2024 Funds Held 30 June 2023 Incoming resources Resources Expended Net gains on investment Actuarial gains I Ilossesl onDB pension scheme Funds held 30 June 2024 Unrestricted funds 483,383 293,264 1340,0031 35,666 12981 472,012 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS As at 30 June 2025". Unrestricted Funds Restricted Funds Totsl Funds Fixed Assets Investments Debtors Cash 81 bank and in hand Creditors Provision lor liabilities 4,523 395,876 121.077 171,0401 162,2911 112,1831 4.523 395,876 167,080 20,591 1199,9251 112.1831 46,003 91.631 1137,6341 375,962 375,962 At 30 June 2025 there were 3ccumulaled net unrealise(J gains on investments of £17,655 12024 gains £30,145) which form part ol the tot21 accumulated unrestricted funds. As at 30 June 2024.. Unrestricted Funds Restricted Funds Total Funds Fixed Assets Investments Debtors C8sh at bank and in hand Creditors Provigion lor liabilities 5,400 361,440 79.843 71.379 127,7551 118,2951 5.400 361,440 163.473 29,623 169,6291 118,2951 83.630 141.7561 141,8741 472,012 472.012 Page 28
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 17. PENSION COSTS The Pensions Trust CARE Scheme From 1 August 2005 the Found8tion participated in 3 multi*mployer average salary defined benefits pension scheme. the Pensions Trust CARE Scheme. It is not possible or appropriate to identifythe assets and liabilities of the Scheme which are attributable to the Found81ion. The CARE Scheme has various different sections, and the section to which Police Foundation employees belonged was the one-eighlieth average salary defined benefits section ol thè CARE Scheme. Thè main benefits provided by this particular gection of the Schème were a pènsion of one-eightielh of a member's career average revalued earnings for each year land months proportionately) of pensionable serwce il contracted-out ol the Slate gcheme. Employers paid contributions at the rate of 10.0% of earnings up to 1 April 2012. and 10.6% thereafter. Members paid contributions based on an age-related scale. From 1 October 2014. those employees who were rnembers of the CARE Scheme were transferred from the onè-eightielh defined benefit Section of the CARE Scheme to the defined contribution Section. Fmm that dale the etnployer's Gontributions were 10% and the members Gontributed 7%. No employer's contribution was made by the Foundation to the CARE Scheme in the year ended 30 June 2025. The Foundation rnade deficit recovery payments of £7.74412024 £7.1941- see details in the next paragraphs. A lull actLJarial valLJation of the Scheme is commissioned every 3 years, with annLJal funding slalements provided by the scheme's aclLJary. Ai 30 September 2022, the actuary's ILJnding slalemenl shows a deficit of assets Cornpar to liabilitie5 01£7.5 million- a substantial decrease overthe reported deficit at 30 September 2019 of £14.9 million 8nd the deficit at 30 September 2016 01 £24.9 million Ithe deficit at 30 September 2013 was £16.4 rnillionl. Employers are being 8sked to make deficit recovery pgyrnents. The Foundation's shgre of these additional payments was assessed initially at £1, 100 per annurn from 1 April 2012, increasing by 3% at each subsequent 1 April for 3 period 0110 years. The formal valLJation of the Scheme at 30 September 2013 was completed in the spring 012015 with the Foundation's share ol deficit recovery payments being increased to £7,591 per annLim from 1 July 2015 and thereafter increasing by 3Wo at each subsequent 1 July until 30 April 2027. This meant that the Foundation would be required to contribute total deficit recovery payrnents, and charges, of £104,000 between 1 July 2015 and 30 April 2027. Following the completion of the 30 September 2016 valuation, the schedule of onthly deficit recovery p8yrnents and charges was extended lo include the period from 1 May 2027 to 30 November 2028. with an 8nnual increase of 3% on 1 April 2028- the total payable in this peric was expected lo be £17.000. Follovving the completion of the 30 September 2019 valuation. the schedule of monthly deficit recovery payments was shortened to end on 30 September 2027, with the FoLJndalion's share of the deficit recovery payments being redLJced to £6,314 per annLJm from 1 JLily 2021 and Iherealler increasing by 3% at each subseqLJent 1 JLJIY uniil 30 September 2027. Following the completion ol the 30 September 2022 valuation, the schedule ol monthly deficit payments has been shortened by six months, to end on 31 March 2027. The total expected to be payable between 1 July 2025 and 31 March 202f 15 £12.632. Page 29
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 17. PENSION COSTS continued Following consultations with the participating employers In May 2015, the Tmsteeolthe Scheme, at a meèting held on 7 July 2015. finglised the decision to close the Scherne to the further accrual of benefits with effect frorn 31 March 2016. From 1 July 2015. there was only one member of the Scheme employed by the Police Foundation, and, by 1 April 2016. allern31ive pension arrangernents were in place for this employee. who has since retired. The scheduled deficit recovery payments will continue as outlined above. and the next formal valLiation of the Scheme was at 30 September 2025, with the outcome known in 2026. PRESENT VALUES OF PROVISION 30 JU 2025 l£sl 30 June 2024 l£s) 30 June 2023 l£sl Present Value of provisio 12,183 18.295 26.216 RECONCILIATION OF OPENING AND CLOSING PROVISIONS Year EtYllrKJ 30 June 2025 <£8) Year EndSng 30 June 2024 l£sl ProMsion 81 st8rt of period Unwinding of the discount factor linteresl expense) Deficit contribution paid Re-measurements- Impact ol any change in assumptions Re-tneasuretnent5- amendments to the contributions schedule Provision at end ol period 18.295 758 18,9421 72 26,216 1,492 16,7091 298 13,0021 18,295 12,183 INCOME AND EXPENDITURE IMPACT Year ErKJing 30 June 2025 l£s) Year Ending 30 June 2024 l£sl Interest expense Re-me2suremenls- impact ol any change in assLJmplions Re-tne35uretnents- amendment5 to the contributions schedule Contributions paid In respect of future service Costs recognised in income and expenditure account 758 72 1,492 298 13,0021 InclLJdes defined conlribLJlion schemes and lulLire service contributions li.e. excluding any deficit reduction payments) to defined benefit schemes which are treated as defined contribution schemes. Page 30
The Police Foundation Notes to the Accounts Icontinuedl Year ended 30 June 2025 17. PENSION COSTS conlinued ASSUMPTIONS 30 June 2025 % wannum 30 Jun& 2024 % rannuM 30 June 2023 % rannuM Rate ol discount 4.44 5.19 6.51 The discount rates shown above are the equivalent single discount rates which, when used lo dIOunt the future recovery plan contnbutions due, would give the same results as Using a full AA corporate bond yield curve to discount the same recovery plan contributions. Up until 1 June 2016, all new employees olThe Foundation were offered a contribution to a personal pension scheme of their choice (see OtherpensA)n costs below). Otherpension cos(s Until 31 May 2016, on completion of any probationary period, employees who were not eligible to join the Pensions Tmst CARE Scheme We offed 2n employer contribution 015% of s21ary to 3 personal pension scheme of their choice. On 1 June 2016. the charity aulo enrolled its employees into a Defined Contribulion Pension Scherne. postponing Ihe sckEme until 1 Septernber 2016. In July 2016 some employees opted into the scheme. and the appropriate contributions were paid from that date. ContribLilions paid into individual slafl personal pension schemes have cea3ed from the earlier of the dale on which each employee cho* lo opt into the Auto Enrolment pension scheme at 1 September 2016. Total employer's contributions made by the Foundation to indimdual staff personal pension gchemes in the year ended 30 June 2025 were £22.25712024- £19.8151. 18. RETED PARTY TNsAcTIONs There were no related party transaction3 in the current and prior year. Page 31