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 LI￿ng 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 a￿ume that the
charity will be able lo continue lo meet ils objectives
The Trustees ale responsible for keeping proper accounting records which dI￿10$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 pr￿eSS. 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
Re*ricted
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 {eXp￿dIture)
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 carri￿1 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 e￿Int9.
A full analysls of lThJI￿￿Ual reStr￿ted 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 a￿￿tI&%.
Dividends. interest and rents from investments
648
SalellpLJrchasel ol property. plant and equipment
16301
(5,4(X))
Salellpurchasel ol investments
70,000
Net cath pr￿ded 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 flx￿1 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.
Fina￿la1 irEtrument5
The Police Foundation has financial assets and financial liabilities of a kind that qualify as basic financial
Instruments. Basic financial Instruments are Initially ￿09￿15ed 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.
Pen￿On 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 POUC￿8 {continued)
ol Critical accountiTrJ jLbJgernents and key scurces of estimalicn ur￿ertaInty
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
Restrict￿1 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
2￿25
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
Di￿￿t
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
F￿d$
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
EXpEND￿uRE 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 resp￿1 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 T3ckhngAcq￿sIlTh￿ 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 f0rpo1￿1ng in the 21$1 Century- ILJnded by the Dawes TrLJsI
Joint Online Fraudpmject- fLJnded by the Dawes TrLJSt
Designing a newcrirne and harm prevention s￿l&M for England & Wales- funded by the Dawes Trust
Policing and Young Adults- funded by Ba￿OW 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 dI￿Ount 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￿ offe￿d 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. RE￿TED PARTY T￿NsAcTIONs
There were no related party transaction3 in the current and prior year.
Page 31