2021-12-31-accounts - The North West Police Benevolent Fund

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				Page
Legal and	administrative		information
Chief Executive Officer's			statement
Trustees'	report			3 - 11
Independent auditor's		report		12 - 14
Statement	offinancial	activities		16
Balance sheet
Statement	of cash flows			17
Notes to	the financial	statements		18-32

Force	2020Serving	20215ervlng	2020 Retfred	2021Retired
	Members	Members	Members	Members
Cheshire	1423	1422		727
GMP	4154	4177	1146	1208
Merseyside	2384	2545	1794	1785
Lancashire	2171	2252	699	727
Cumbria	787	790	140	162
North Wales		45
NCA	n/0	n/o	379	346
otal Members	10,919	11,231	4,867	4,846

				2020	2020					2021	2021
Constabulary	In	patient	In	patient	Our-patient	Total	In	patient	In	patient	Our-	Total
	erving		Reh'red				Serving		Reared		patient
Lancashire				14	151	171					240	243
GMP		12			62	82						70
Merseyside					61	73		15		17	76	108
Cheshire		14			87	102		17			49	75
Cumbria						14		16				31
NCA/West Mids		14				14						14
North Wales		n/a		n/a	n/a	n/a
(wef 01.06.21)

Constabulary	2020 Members	Non-Members	2021 Members	Non-Members
Merseyside	67	17	71	29
Cumbria	34		41
Cheshire	20	22	44	34
GMP	24		48

Activity	Sessions delivered
	2022
Ai Chi	357
Aqua	70
Pilates	457
Stretch	259
ai Chai	81

				2020			2021
Force		New	Ongoing	Closed -off	Closed-off	New	Ongoing	Closed-	Closed off
		Referrals	Clients	Clients	number	Referrals	Clients	off	Sessions
		1/1/20—	2020	2020	sessions 2020	1/1/21-	2021	Clients	2021
		31/12/20				31/12/21		2021
Cheshire		10			29				41
Cumbria									20
GMP		41	16	25	125				375
Lancashire		30		22	90	50		46	343
Merseyside		24		19	70	30		26	179
NCA
Retired	(All				50	12		10	82
Forces)
otals		120		85	383	157	19	138

Force	Total number of	Applications	Loans	Grants	Loans
	Applications	posted to alternative	awarded	awarded	commuted to
		help.			Grants
GMP
Lancashire
Cheshire
Merseyside
Cumbria
NCA
North Wales
otal	20	14

Portfolio Summary Is	31.12.2021			2020	2021
Opening Valuabon @01.01.21				742,333	679,542
Investment Purchases	and Investment	Transfers	in	477,868	983,493
Cash Transfers in					90,416
Investment Sales and	Investment Transfers out			(499,928)	(988,000)
Unrealised revaluation	of Portfolio			(49,222)	68,094
Realised gains/losses				8,491	(5,808)
CLOSING VALUATION	ei31.12.21			679,542	827,737
Cash in Investment holding Account				24,886	435,009

Designated use:								Approval					Value	Value	Cat
													31.3.2021	31.3.2020
Business Contingency		set-aside		(3m's		operating		as per reserve			policy		E523,419		E528,490
expenditure+full redundancy			provision)
Data Base Phase 2 Development and supporting						ITsystem		an-21					E25,000		E92,000
Refurbishment of Orangery,			Link Corridor,		and	additional		Botagreed		to give jG			E40,000
rooms at St Michaels								authority		to	source
								Feb 2022
St Michaels capital set-aside:			retentions	withheld		to recti		on-going	from			new-			E45,0
snagging issues, payable		upon completion			of	refurb	o	build	&		other
original build								remedial	work
Disaster Emergency Fund			in response	to	a	major	NW	constitution					E100,000		E100,000
incident
Set-up Costs and Amnesty		Period for North Wales						iun-20							E24,000
Wellbeing Studio (including		Piling, Decking and Equipment)						Mar-20							F125,000
Investment in Upgrading	Convalescence			prowsion				Decision		made		to			E200,000
								outsource
Designated Reserves													E688,149		E1,114,490

Oesirie D Lea		6October 2022
Senior Statutory	Auditor
Mitten Clarke Audit Limited
Chartered Accountants
Statutory Auditor
Chester House
LLoyd Drive
6llesmere Port
Cheshire
United Kingdom
CH66 9HQ

					Unrestricted	Unrestricted	Total	Unrestricted	Unrestncted	Total
					funds	funds		funds	funds
					general	designated		general	designated
					2021	2021	2021	2020	2020	2020
				Notes	6	6	6	6		6
Income and endowm			nt	from:
Donations and	legacies				327,739		327,739	69,776		69,776
Chantable actiwties					1,457,686		1,457,686	1,382,182		1,382,182
Physiotherapy	and
yyellbeing Donations					96,794		96,794	21,493		21,493
Investments					19,027		19,027	22,694		22,694
Otherincome					3,443		3,443	112,468		112,468
Totalincome					1,904,689		1,904,689	1,608,613		1,608,613
Egpglgll r~n:
Charitable activities					1,821,413		1,821,413	1,668,444		1,668,444
Other				14	666,928		666,928
Total resources expended					2,488,341		2,488,341	1,668,444		1,668,444
Net gains/(losses)		on
investments				12	62,286		62,286	(40,731)		(40,731)
Net outgoing	resources
before transfers					(521,366)		(521,366)	(100,562)		(100,562)
Gross transfers	between
funds					280,071	(280,071)		(1,114,490)	1,114,490
Net movement	in	funds			(241,295)	(280,071)	(521,366)	(1,215,052)	1,114,490	(100,562)
Fund balances	at	1January
2021					6,073,416	1,114,490	7,187,906	7,288,468		7,288,468
Fund balances	at	31
December 2021					5,832,121	834,419	6,666,540	6,073,416	1,114,490	7,187,906

					2021		2020
				Notes	E		E
Fixed assets
Tangible assets				15		4,168,527		5,495,579
Investments				16		827,737		679,542
						4,996,264		6,175,121
Current assets
Debtors				15	342,088		367,191
Cash at bank	and in	hand			1,561,150		844,743
					1,903,238		1,211,934
Creditors: amounts		falling due within one
year				19	(232,962)		(199,149)
Net current assets						1,670,276		1,012,785
Total assets less current			fiabllitles			6,666,540		7,187,906
Income funds
Unrestricted	funds - designated					834,419		1,114,490
Unrestricted	funds - general					5,832,121		6,073,416
						6,666,540		7,187,906

						2021		2020
					Notes	6		6
Cash flows from operating			activities
Cash generated from		operations			24		316,374		130,617
Investing	actfvlties
Purchase	oftangible	fixed	assets			(213,086)		(96,272)
Proceeds	on disposal	oftangible fixed		assets		680,000
Purchase	of investments					(1,073,908)		(477,868)
Proceeds	on disposal	of investments				988,000		499,927
Interest received						19,027		22,694
Net cash	generated	from/(used in) Investing
activities							400,033		(51,519)
Net cash	used In financing		activities
Net increase in cash		and	cash equivalents				716,407		79,098
Cash and	cash equivalents		at beginning	ofyear			844,743		765,645
Cash and	cash equivalents		at end ofyear				1,561,150		844,743

1	Accounting policies															(Continued)	(Continued)	(Continued)	(Continued)
	Costs of charitable activities include			expenditure				at the three main sites of the charity			including			convalescence					and
	grant provision for officers	in need.
	Governance costs comprise	all costs		involving			the	public accountability ofthe chanty		and	its compliance,				regulation				and
	good practice.
	Support costs have been	allocated		on		the assumption that they arise in proportion					to direct			expenditure				of	the
	charitable activity.
1.6	Tangible fixed assets
	Tangible fixed assets are initially measured at						cost and subsequently measured at cost or				valuation,			net	of depreciation
	and any impairment losses.
	Depreciation is recognised	so as to		write		off the		cost or valuation of assets less their residual values over their										useful
	lives on the following bases:
	Freehold land and buildings							19',reducing balance
	Licenced land and buildings							496straight line
	Fixtures and fittings							2096straight hne and 89' straight		line
	The gain or loss arising on	the disposal			of an		asset is determined as the difference			between the		sale proceeds					and		the
	carrying value ofthe asset,	and is recognised in net Income/(expenditure) for the year.
1.7	Fixed asset investments
	Fixed asset investments are initially			measured			at	transaction pnce excluding transaction			costs,	and are				subsequently
	measured at fair value at each reporting					date.	Changes in fair value are recognised			In net	Income/(expenditure)							for	the
	year. Transachon costs are	expensed		as incurred.
1.8	Impairment offixed assets
	At each reporting end date, the chanty				rewews the carrying amounts of its tangible					assets to determine					whether			there
	is any indication that those assets			have		suffered		an impairment loss If any such Indicauon				exists, the recoverable
	amount ofthe asset is estimated in		order			to determine the extent ofthe impairment				loss	(if any).
1.9	Cash and cash equivalents
	Cash and cash equivalents	include	cash			in hand,		deposits held at call with banks,		other	short-term			liquid		investments
	with original maturities of	three months				or less, and bank overdrafts. Bank overdrafts are shown							within			borrowings			m
	current liabihbes.
1.10	Financial instruments
	The chanty has elected to apply		the		provisions			of Section 11 'Basic Financial	Instruments'			and		Section 12				'Other
	Financial Instruments Issues' of FRS			102	to all		of its financial instruments.

3	Donations	and	and	legacies
						Lfnrestrfcted	Linrestricted
						funds	funds
						general	general
						2021	2020
						E
	Donahons	and		gifts		327,739	69,776
	Donations	- Members ofthe pubhc				6,762	11,006
	Donations	—Miscellaneous				5,233	16,097
	Legacy income					222,668	40,365
	Gift aid					14,781	2,308
	Grant income					78,295
						327,739	69,776
	Grant income			as above
	Ribble Valley		Council			24,571
	lob Retention			Scheme		36,484
	COVID-19	Sick		Pay Rebates		3,463
	Employment		allowance			4,000
	Parkdean	Discretionary			Discount	9,777
						78,295
4	Charitable	activities
						2021	2020
						E	E
	Member	Donations				1,289,152	1,276,065
	St Michaels					27,140	9,079
	Lodges					141,394	97,038
						1,457,686	1,382,182

5	Investments	Investments
								Unrestricted	Unrestricted
								funds	funds
								general	general
								2021	2020
								E	E
	Income	from listed		investments				18,963	22,217
	Interest	receivable						64	477
								19,027	22,694
6	Physiotherapy		and	Wellbelng			Donatfons
								Urtrestficted	Total
								funds
								general
								2021	2020
									E
	Merseyside Wellbeing				donations			5,208
	Cheshire	Wellbeing		donations				6,520	12,500
	GMP Wellbeing		donations					12,519
	North Wales Wellbeing					donations		2,880
	Lancashire Wellbeing				donations			5,480	4,470
	Miscellaneous		Wellbeing			donahons		19,127	4,523
	Satellite	physio	- Merseyside					18,750
	Satellite	physio	- Cheshire					26,310
	Total							96,794	21,493

				Unrestricted	Unrestricted
				funds	funds
				general	general
				2021	2020
Other income				3,443	112,468
Analysis ofother	income
Treatment costs	reclaimed	following	legal action	3,443	4,467
Business support	grant				6,200
Release of VAT provision					101,801
				3,443	112,468

				St Michaels	White Cross	South	Total	Total
					Bay	Lakeland	2021	2020
				2021	2021	2021
				E	E	E
Management				215,785			215,785	170,874
Site and secunty				68,543			68,543	119,328
Depreciation	and impairment			116,381	35,656	41,172	193,209	205,137
Furnishings and		maintenance		128,441	8,100	44,702	181,243	108,846
Services and	insurance			203,045	13,920	59,315	276,280	235,583
Housekeeping	and		reception	168,018			168,018	129,818
Physiotherapy				304,953			304,953	304,871
Catering				90,549			90,549	76,456
Administranon				33,381			33,381	24,835
Counselling and		holistic serwces		139,100			139,100	150,000
				1,468,196	57,676	145,189	1,671,061	1,525,748
Grant funding	of activities (see note 9)			44,255			44,255	69,651
Share ofsupport		costs (see note 11)		99,546			99,546	66,305
Share ofgovernance			costs (see note 11)	6,551			6,551	6,740
				1,618,548	57,676	145,189	1,821,413	1,668,444

		Unrestricted	Unrestncted
		2021	2020
		E	E
Grants	paid
Serving	officers	4,000	14,651
Retired	officers	10,255
Death	Benefits	30,000	55,000
Total		44,255	69,651

Support c	osts
		Supportcosts	Governance	2021	Support costs	Governance	2020
			costs			costs
Committee	expenses	883		883	556		556
Combined	insurance	25,120		25,120	19,211		19,211
Legal and	professional	45,163		45,163	32,056		32,056
Marketing	costs	27,448		27,448	7,470		7,470
Bad debts		932		932	7,012		7,012
Audit fees			6,551	6,551		6,740	6,740
		99,546	6,551	106,097	66,305	6,740	73,045
Analysed	between
Charitable	activities	99,546	6,551	106,097	66,305	6,740	73,045

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2021	2020
Revaluation	of	investments	68,094	(49,222)
Gain/(loss)	on	sale ofinvestments	(5,808)	8,491
			62,286	(40,731)

The av	erage monthly number ofemployees during the ye	ar was:
		2021	2020
		Number	Number
		37	37
Wages	and salaries	793,076	796,749
Social	security costs	67,144	67,357
Other	pension costs	14,477	13,646
		874,697	877,752

							Unrestricted	Total
							funds
							general	E
							2021	2020
Net	loss	on	disposal	oftangible	fixed	assets	666,928
							666,928

Tangible fixed assets
		Freehold land	tlcenced land	Fixtures and	Total
		and headings	and headings	fittings
		6
Cost
At 1January 2021		4,117,092	2,058,825	408,074	6,583,991
Additions		118,684		94,402	213,086
Disposais			(2,058,825)	(47,804)	(2,106,629)
At 31December 2021		4,235,776		454,672	4,690,448
Depreciation and impairment
At 1January 2021		246,946	657,445	184,022	1,088,413
Depreciation charged	in the year	44,601	68,626	79,980	193,207
Eliminated in respect of disposais			(726,071)	(33,628)	(759,699)
At 31December 2021		291,547		230,374	521,921
Carrying amount
At 31December 2021		3,944,229		224,298	4,168,527
At 31December 2020		3,870,147	1,401,380	224,052	5,495,579

	Listed investments
Cost or valuation
At 1January 2021	679,542
Additions	1,073,908
Valuation changes	62,287
Disposals	(988,000)
At 31December 2021	827,737
Carrying amount
At 31December 2021	827,737
At 31December 2020	679,542

Debtors
			2021	2020
			6	6
Member loans		16	53,065	78,210
Donations			250,688	250,401
Other debtors			4,363	9,610
Prepayments	and accrued Income		33,972	28,970
			342,088	367,191

		2021	2020
		E	E
Balance at 1January 2021		116,495	151,354
Loans granted	during the year		36,635
Repayments	in the year	(24,213)	(64,494)
Loans written	off and converted to grants	(21,021)	(7,000)
		71,261	116,495
Bad debt provision		(18,195)	(38,285)
Balance at 31December 2021		53,066	78,210

			2021	2020
		Notes	E	E
Other taxation and social secunty			24,711	20,756
Deferred income		20	118,149	105,011
Trade creditors			30,621	24,645
Other creditors			1,492	11,788
Accruals and deferred	income		57,989	36,949
			232,962	199,149

				2021	2020
				E	E
Lancashire				24,116	8,232
GMP				3,845	12,684
Cheshire				33,880	40,400
Merseyside				25,208	10,416
North wales				17,120
Merseyside	physio			6,250
Cheshire physio				6,250
Lodge bookings				480	14,400
Employment	allowance 2021			1,000	1,200
GMP Membership		received	in advance		17,679
				118,149	105,011

Analysis of	net assets betw	een funds
		Unrestricted	Designated	Total	Unrestricted	Designated	Total
		funds	funds		funds	funds
		2021	2021	2021	2020	2020	2020
		E		E	E	E	E
Fund balances at 31
December	2021are
represented	by:
Tangible assets		4,168,527		4,168,527	5,495,579		5,495,579
Investments		827,737		827,737	679,542		679,542
Current assets/(Rabilines)		835,857	834,419	1,670,276	(101,705)	1,114,490	1,012,785
		5,832,121	834,419	6,666,540	6,073,416	1,114,490	7,187,906

		At1.1.20	Incoming	Outgoing	Transfers	Net	At 31.12.21
			resources	resources		movement
Unrestricted funds
Unrestricted income		6,073,416	1,902,900	(2,424,266)	280,071	(241,295)	5,832,121
Total		6,073,416	1,902,900	(2,424,266)	280,071	(241,295)	5,832,121
		At 1.1.20	Incoming	Outgoing	Transfers	Net	At 31.12.21
			resources	resources		movement
Unrestricted designated	funds
Business contingency		528,490			(5,071)	(5,071)	523,419
Database and IT		92,000			(67,000)	(67,000)	25,000
Orangery reurbishment					50,000	50,000	50,000
Health and Safety					80,000	BO,OOO	80,000
StMichaels Capital		45,000			11,000	11,000	56,000
Set-up costs (amnesty
period North Wales)		24,000			(24,000)	(24,000)
Wellbeing studio		125,000			(125,000)	(125,000)
Disaster emergency		100,000					100,000
Convalescence upgrade		200,000			(200,000)	(200,000)
Total		1,114,490			(280,071)	(280,071)	834,419

Cash generated from operations			2021	2020
			E	E
Deficit for the year			(521,366)	(100,562)
Adjustments for:
Investment income recognised in statement		offinancial achvities	(19,027)	(22,694)
Loss on disposal oftangible fixed assets			666,928
Loss/(gain) on disposal of investments			5,808	(8,491)
Fair value gains and losses on investments			(68,094)	49,222
Depreciation and impairment oftangible	fixed assets		193,209	205,137
Movements in working capital:
Decrease/(increase) in debtors			25,103	(22,476)
Increase in creditors			20,675	27,271
(Decrease)/increase in provisions				(101,801)
Increase in deferred income			13,138	105,011
Cash generated from operations			316,374	130,617