REGISTERED CHAIUTY NUMBEIL. S03762 Report of the Trnrtefa and Unaudlted FlnAnd￿ Ststements ror the Yw End•d 31 Dee¢mber 2023 Humberthle Polke Welfare & Benevolent Try Lunn & Co Roland Hou Prince8 Dock Street Hull Hui 2LD llmbettlde Pollce Welfare & Benevolent Fund Conténts of tbe TrlnxDtIAI StAlenw for the Year Ended 31 Deeember 2•23 Report of the Thi•tee8 I to 4 Independent ExaMIn￿lI Report Statement of FIDanelal Aetmt Bal￿￿ Sbeet Notes lo the Tr1naneial Slatements 8 to 11 Detalled Statsmvat of Fknanclal Attmtlej 12 Hllmberslde Pollee Welfar¢ & Benevoknt Fund Report of th¢ Trurte for the YeAr Ended 31 Deeember 2023 The tsv8te¢s pruent their Afport with the fit￿l¢la1 staten￿ts of the ¢b8rity for the year ended 31 December 2023. The tecB hAve adopted the provisioDs of Accounting and Re￿rtIng by cI￿ltieS. ststern￿t of Recommended Practice applicabEe to Charities prepating theAr accounts in ￿￿ord￿¢¢ with the Financial Reporting Standard applicable in the UK and Republic of tre18nd (FRS 102) (effective l January 2019). Nathre and obJ•¢dvw of tbe Charlty Th¢ Charity is govaned by the Rules lldopted on 15 October 1974. The object of the Charity is the relief of neex8sitouB per80ni falling within the following cate8ories:_ Serving and rfAir¢d offi¢¢8 of the Humber8id¢ Poli¢¢ or any prede¢e88or polk¢ forrt of the Humb¢r8id¢ AN retired officers of othff police forc¢J WIM) are for thc tirno b¢in8 r¢8ident in Humber8ide, 8erth8 and retired ¢rnploytt• of Humberside Pojice Authority or its wedecessor aulhority(ies) includiD8 The Humberside Office of Police and Crime Commissioner empk)yed for po]ice puryyjses togeth￿ with dwendants of all 8u¢h persons bein8 ID need of ￿l$lance whether ornot persons shall be or have been meAllkn of thi$ fund by such rn¢an8 as th¢ members of the s]Mll During the yeargrants and welfare tots]ling £18,608 was pro￿thd to membw& Pubue beneflt A8 Trnstees we ¢on8ider we have complied with the duty in section 4 of the 2011 Chariti¢% A¢t to have due r¢wd to guidance pub]ished by thc Charity Collllni5sion. The Thutccs are aware of the Charity Cornmi88ion's guidance onpub]Éc benefit and th¢ Iru8tee8 ensure tIMt they carry out their clwity's aimg for publio b¢nefil. Th¢ cbarity'8 public bffjefit is detailed abov FJNANCIALREVIEW Development and R￿erVeS The fund has ¢ontinued to operate JD the area prescribrd with th¢ di8tributioD of grants to bencficiarics, and thc supply of other forni8 of welfare. R¢8¢The8 whioh are repregented by net current a8￿t$ are maintsined at a level sufficiart to a fund of Sufficient iize to make adwAt¢ peTronal ￿allts to both the Pr¢￿t ond potential ￿tUre ben¢fi¢iarie8 for th¢ foTe3eeable fith￿t. The Current level of re5erYe8 is re8arded as adeq￿lIe and this is r¢vieweAI at each of the tTUBtee8 meetings. Golng contern The board of trustees consider that there are no matffial uno¢rtainli¢5 in rdation to the clwiWs ability to continue as a going ￿)Le￿￿. Chgritsbl¢ expenditure of £25,441 was in¢urred durin8 the year. STRUCTUR& COVERP4ANCEAND MANAGEMENT Governln8 do¢uth•nt The charity 18 controlled by it8 8overnin8 document. a deed of and consti￿te& an uniw)wated charity. Appokntment ADd eleetlon All appointed or clccted committee mejnbcrs (excqit the Chairman of the Fund) shall hold office onty from the end of th¢ m¢¢ting at which th¢y YKre ¢lKt¢d until the end of the next Annual General Meeting of the Fund but any ￿￿1b¢r nmy be ￿elected for a furtb¢r terni or tsnns. The chairman of th• Fund b¢ •I￿led by th¢ 8ub8¢Abins m¢mb¢r$ pre8¢Dt at the be8iDniD8 of ea¢h Annual General Meeting. Humberdde Pollee Welfare & Benevolent Report of the Tru•tsei for the Year Exdtd 31 December 2023 STRUCTUR4 GOVERNANCE MANAGEMENT Organi••llonAI th¢ture The Th￿te¢S 6apeThise the administration of the Ch&tity and make fornMI dwisionj. Day to day matters are delega￿ to the Fund Trea8wer. Thi•teei CAr*in p)st holderj in the Humb￿sIde Police are ex officio trustsei. Other tnutees appointed by invitation of the current Tn￿lee& R18k mallagen￿t The Tnute¢s con8ider the major risks to which the charity is exposed a8 nece ary at board levd during the routine board me¢ling8. Wh¢Te appropriate, 8y8tems OT proced￿ have been o8tabli8h¢d to mitigat¢ the rf•kB the charity faces. REFERENCE AND ADMINISTRAThVE DETAtLS Rw8tered Charlty number 503762 Prineipal addre Poli￿ HMdquaTtern Hull East Y￿k￿lre HU5 5SF Tru￿¢¢1 I Spain (Chair) T Wind48 (SeGretsry) J Jefft¢y (Trea8urer) S Ri¢hard80n Page 2 umbeNlde Polk• WeifAre & Benevolent FuDd Report of the Trllite for the Year F￿ded 31 December 2023 REFERENCE AND ADMINISTRATh DETAIts Welfare COn￿nIt¢¢e The trustees ar¢ a180 member8 of the Welfare Cornmitt￿ The Welfare Committee meet on a qu•terly basis lo discu88 attd vote on ¢a8¢J brought to the o)mnlltt¢¢. Th¢ m¢mb¢n of the W¢]fare Committee. who are not tru8tee4 do not need to attend all mtttin8B. A welfa￿ Committee m¢¢ting will only tak¢ placo if a quornts number of mMnb¢r8 are prevent, The below are a li￿ of We]fare Committ¢¢ membern who attended con)mittee meetin81 during the year ended 31 December 2023. R Bolland L Watson C Collingwood P Musgrave H Collier J Dooley C Scaife CRRex M Akrill V Huyton S Mirfm M Nicholson L Atkinson G Robert J Kitchen A M Mcloughlin S Al&id8¢ D HAAle R Simons J Jones L Simn)s - Resigned 30.423 - Resigned 31.3.23 - Appointed 1.1.23 - Appointed 1.123 - Appointed 1.1.23 - Appointed 1.1.23 - Appointed 1.1.23 - Appointed 1.1.23 - Appointed 1.123 - Appointed 1.11.23 S Jackoon N Foster E Gi]martin Independent ￿*￿IDer Try Lunn & Co Chthered Accountsnt8 Roland Houge Princes Dock Street Hull HUI 2LD BAnk•rD Natw￿t Bankplc llmberslde Polke WelfAre & Benevolent Imd Report of the TThrteei ror the Year Ended 31 December 2023 STATIMENf OF TRUSTEES, RFSPONSIBILrriES The trustee8 are reBponsible for pryaring the Report of the and the fmancial statements in accord￿ wlth applirAble law and United Kingdom Accounting Standard8 (United Kingdom Generally Accepted Accounting Practice). Th¢ lawapplicable to charities in Bngland and Wale8. thecharIti￿ Act 2011. Charity (Accounts and Reports) R¢gulati(m& 2008 and th¢ provi8i0D8 ofth¢ tru•t de￿1 rwir¢8 th¢ tru8tCC8 to wepaTC fiDancial 8t8t¢mcnt8 for cach financialyeArwbicb 8iv¢ a true and fair vi¢w of the state of affairs of the clmrity and of the incomin8 reoour¢e8 and applicatii)n of re8ou￿¢s, including the inroDK and ¢xpcnditure, of the charity for that pcrio(L In pr￿ArIng th08e financial statements, the IruBtee8 are required to sekct suitable 8(Younting policies wnd theD apply them consi&tently' observe th¢ methods and pIincipl¢8 in the Cbarity SORP. make judgements and eStin￿￿S that are rea8onable and prudent; . prep￿¢ the 8tstements m the 80in8 concle for the preparation of the aceounts in ac￿rdanLy vAth the requirements of the Charities Act 2011 Cthe Act,). I rqxirt in re8￿t of my txarninatiott of the Tru8V8 a¢coullts ¢8rried out uttder 5￿tion 145 of the Act and in cwins out my examination I have followed all awlicable DirectiOnB given by the Charity Cornmi88ion under Section 145(5)Ib) of th¢ A¢L Independent examlner'i $txlemat I baye compleled my eAaminatson. I con6mi that no material matter5 have eom¢ to my attentIL￿ in ¢wn¢otioll with the examinati(n 8iViD8 me cau8¢ to believe that in any n1atsr1￿ resp¢¢t.' accountin8 records were ]￿t kept in respect of th¢ Th￿1 as required by Section 130 oftho A¢tr. or the accounts do not accord with those re¢ord8: or the accounts do not comply with the appli¢abk rawtrements wncerning the and content of accounts 8et out in the Charities (Accounts and Reports) Re8ulations 2008 other than any requir¢D¥Dt that th¢ a￿llnts 8ive a true and fair view which 1$ not a matter ¢on8idered a8 part of an independent examination. I have no eone¢nM And have come across no other matter8 in connection with th¢ ￿lM11)atIon to whi¢h attention Bhould be drawn in this [C￿rt in order to enable a proper underthding of the aCcO￿ts to be re&cheL Andrew Ewart FCA FCCA Try Lunn & Co Roland House in¢es Dock Street Hull Hui 2LD Page S Humberslde Polle¢ Welfar¢ & BeD¢voknt Fund Statement of FIDandal A¢tlvltkJ for the Year Ended 31 Deeember 2023 2023 Unrestri¢t¢d fund 2022 Totsl Nots8 INCOME AIW ENDOWMENTS FROM Donation8 and k8acie8 29,699 16,822 Inve8tment in¢4)n 611 237 Total Rthlng fundi Other trading activities ]nvestment mhjjagement costs 1.727 1.300 1,300 3,143 Charttable aetlvhlei 5,533 895 2iX) 17.513 3.138 708 600 Welfare Gifts Xmas gift8 (3rants Total 25.441 Net gain81008K8) investments Is S8 IT tNCOMEI(EXPENDITURE) 16.335 (42.051) RECONCILIATION OF FUNDS Total funds brougbt fonvard 228376 270327 TOTAL FUNDS CARRIED FORWARD Page 6 Humbersfide Pomce WeifArt & Benevolent FuDd B*lan¢e Sbeet 31 December 2023 2023 Unrestricted fimd 2022 Totsl Nok¥ FIXED ASSETS 131,546 121,213 Debtors Cash at bank in hand 81,340 71,007 114,998 108,850 CREDITORS Arnounts falling due within one year (1.933) (1.787) ET CURR￿ ASSETS TOTAL ASSETS LESS CuRRE￿r LIABILITILS 244.611 228.276 ET ASSETS 244,611 228,276 FUNDS Unrestricted fimth 228 TOTAL FUNDS 244611 The financial 8tateinents wer¢ approv&1 by the Board of Th78tee8 alld aulhoTi8ed for i8iu¢ ￿...... ... . ond were signed on its behalf by., T￿￿te# J l¢fftey (Tre￿) . Page 7 Humbersld¢ Polke Welfare & Baevolent Fund N(•tu to the Finwid St8tements for the Ye8r Ended 31 Dttember 2023 ACCOI7NllNC POLICIES Bath of preparing the Ilnandal Btatements Th¢ finoncial s¢at¢m¢nts of the Charity, which 18 a public benefrt ¢nlity under FRS 101 have been pr¢pored in accordanc* with the Charities SORP (FRS 102) 'A¢¢ountin8 and Reportin8 by Charities: Slatem¢llt of Recon￿ll￿ed Practice applicabk to cbariti¢8 pryarin8 th¢irac¢ounts in accordan￿ with th¢ Financial Rwtin8 Stsndard applicable in th¢ UK R¢publi¢ of Ireland (FRS 102) (efftclive l January 2019),, Financial Rwting Standard 102 The Fitiancial Reportin8 Standgrd 4)pli¢able in the UK and Republic of ]reland' and th¢ Charitie8 Act 2011. The fmancial ststcmcnt8 have been prepued underthe hi8torical cost convention, with the ex¢¢ption of invpstments wbi¢h are in¢l￿d at market yah￿, a8 modified by th¢ T￿￿1u￿tion of certain asset8. Income l in¢onw io r¢¢o8ni8¢d in th¢ Stat¢m¢Dt of Financial Ac1ftviti￿ Once the ¢haTity haA entitlcmcnt to the fimd8, it is probabk that th¢ inconw wlll ￿ ￿e1Ved and th¢ amoullt can b¢ me48ure4 r¢liab]y. Exp¢ndltur¢ Liabilities are recogDi8¢d 08 expenditur¢ as 600n as there is a Iwl or construrtivo obligation ￿mmItt1n8 the cIMTity to that expenditw4 it is probable that a transfer of economic benefits WAll be required in settlement and the amowit of th¢ oblisation ¢aD be measured ￿lIablY. Expthditule is a￿Ounted for on an aCcn￿lS basis gnd has been cla81ified under he￿ille8 that aggregats all ¢o¥t r¢lated to the category. Wher¢ ¢08t$ ¢annot be d￿eCtLY attributed to pllrti¢ulAr heading8 they have bern allocated to Activitie8 on a b8Ai8 CAm8iStent wath the of regources. Grants offcted Subject to condition8 which have not been met at the year end date are JwtrAI as a ¢onwnilm¢nt but not accrned 88 expenditu Taxatlon The Charity is exernpt from tax on its clwitsble a¢tivitie Fund aceounthig Unrestri¢ted funds can be used in accorda￿ with the charitsbl¢ objective8 at th¢ discrelion of the trustccs. Restricted fimd8 can only be u8ed for particular rcBtricted purposei within th¢ objects of the charlty. R0Btriction8 arise wh¢n wified by th¢ thor or when fulld8 are rai8¢d for parti￿1&r restri¢tsd purpo8e8. Further explanation of the nature and purposc of each fimd 18 included in the noteA to the financial statenxnts. Reallwl galns and lome All gains and losses aT¢ takcn to the Statement of Financial Activates as they arise. ReaJi8ed gain8 alld losses on investjnents are calculated 48 the differenc¢ l*tween th¢ 811¢ pro¢¢¢d8 Ind openin8 market value (purc]we date if later). Unrealised 8ain8 or1088e8 are calculated a8 the diff¢r¢n¢¢ b¢tw¢¢n the matht value at the y¢ar md and Openi￿ nwket vahw (or pur¢ha9e date if later). Rcalised 8ainJ and unrefilised gain8 are not separated in the Statement of Financial Activitieg. Inve8tnients QTC a forn] of basic fmancial in8trumeDt and are initsalty recoBnised tt their tran8acti(m Val￿ and 8ub8equently measured at th¢ir fair valu¢ a8 at th¢ b81an¢e shect dth u8ing the clo%iD8 quoted nwket yice.The 8tat¢m¢nt of financial a¢tivitie8 in¢￿deS the net 8ainG and losses ￿l8]ng on r¢valuatioll and disposals througbout the year. Tr trust do￿ not 8cquire put options, derivatives or oth¢r ¢ornpl¢x fmancial inJtrument8. Th¢ main form of fman¢l4l riBk fac￿ by the ¢hArity is that of volatility in equity nwkets alld investment maTk¢ts due to wider economi¢ ¢ondiiions. the attitude of investors to investinent risk chan￿$ in 8¢ntimellt ¢oncernin8 equities and within particular sectors or sub se¢tOTS. Hllmber8ide Pollee WeHare & kneyolent Fund N(rtei to the Flllane￿ Statements- eonthiued for the Yelr End¢d 31 De¢¢n)ber 2023 Accoiif4TllYG POLICIES • conthiued ReallRd zaln8 and lo$ Support Coit• Goverllan¢¢ co8ts include independent exaMi￿tIOn and accountsncy char8eB of £1,944 (2022- £1,788). Ernploye The Cbarity does nol hiv¢ any paid employ￿. ZNVESTMiNf INCOME 2023 2022 166 445 154 83 Deposit account interest 611 237 INVESTh£ENT MANACEMENT COSTS 2023 2022 Investment manwtnenl CA)sts TRUSTEESP REMUNERATION AND BENEFITS Therewereno trustee8' remwmtionoT otherbenefits forthe y¢ar erthl 31 December 2023 norforthe y¢aT ended 31 Decembff 2022. There were no truslees, expenses paid for the year ended 31 De¢ember2023 nor for the year ended 31 De¢emb¢r 2022. Page 9 ¢ontinued... Humberilde Polké Welfare & Benevolent Fund Notei to the Flnanelal SIAtenieAli- tonthiu for the Y¢ar Ellded 31 D¢¢¢mber 2023 FIXED ASSET INVESTMEf4TS u￿1Ste MARKETVALUE At l January 2023 AdditAon6 Disposth Revalualion8 Gains on disposAts 121213 20,154 (20.930) 10.340 769 At 31 Dewnbw 2023 131.546 NET BOOKVALUE At 31 D¢mnber 2023 At 31 Decemkn 2022 121 DEBTORS: AMOUNTS FAIIJNG DIIE WITHIN ONE YEAR 2023 2022 Loan8 81 CREDITORS: AMOUNTS FALLINGDUE IVTnllN ONE YEAR 2023 2022 Other oreditor8 Pa8¢ 10 Humberslde Po]Ic¢ Welfare & BenewoleDt Notsi ¢0 th¢ Fjllaneial Statements - eontinued for tbe Year Ended 31 December 2023 Net movement in funds At 1.1.23 31.1223 Unr¢ttrkt•d tsndl Qeneral fuDd 228,276 1fj335 .611 TOTAL FUNDS 228 Net movcmcnt in funds. inGludcd in thc above arc a8 follow8: Incoming resourcei R¢sour¢es Gains and Movement expend 1088e8 UnrÈ#rf¢ted fun 30,310 (25,441) 11.466 16,335 TOTAL FUNDS RELATED PARTYDISCLOSURES During the year an inte)r5t-frcc loan amoullting to £2.455 was ma(k to one of the welfare committee members under refer¢nce 901L. The loan w88 made ID Q￿rdance with the Obi￿ti￿8 of th¢ charity. R¢paym¢nts are being made of £50 per month with the loan due to be repttid in November 2027. During th¢ y¢ar. all int¢r¢8t-frK losn amountins to £41)00 and aDon-T¢payabl¢ grant amouotin8 to £ 2,5(10 w¢r¢mAde to one of the we]fare cornmitteemcrnberi unth ref¢rence8 941L and 934G respertiv¢ly. Th¢ loan and grant W￿J￿#d¢ in a¢cordan¢e with thc objcctivcs of thc cbarity. Rcpayments of thc loan are bcing rnadc of £50 per month with the loan du¢ to be T￿R1d in (ktober 2033, During the y¢ar, loan repayments atnountiDg to £1200 were paid by a Iru8t¢e under refere￿% 846L regarding a loan for a previous y¢ar. The amount outstanding at th¢ b•1￿¢¢ sheet date is £600. The loaD i8 du¢ to be rewd in June 2024. Trustees aDd welfare committee members who ar¢ persons falling within the categorl¢s 18 $t#ted in the ¢hatity'8 objectives are eli811)le to receive benefits. Both the loans and the grant noted above were Ernoted on tbat btsis attd on the same basis as with any other bcneficiary of tbe tharity. Pagell HumbersIde Pollct Welfare & Benevolent Fund Detalled Stat¢ment of Flnanclal Aetlvltlel for the Year Ended 31 December 2023 2023 2022 INCOME AL¥D ENDOWMENTS Don#tloN and hgxdei Donation8 Ixga¢ie8 Subscription8 5.060 7,002 77 29,699 11822 Investment Income Investment management income Lkposit a¢¢ount intere8t 166 445 154 83 611 237 Total IncomlDg Tuourc 30.310 17,059 EXPENDITIIRE Other tradlng aetlvltkj Bad debts 1,727 Investmut n￿￿leMent eo Inv¢Btment IIJaD•8eillBnt costs 1,300 lJ16 Cbarltable aedvldeB Grants to individua18 18,608 37,471 Support ¢￿ts Management Promotion8 Accounlancy 3.531 1281 5.475 3.069 Flnane• Bank char8eB 58 69 Totsl resources expcnded et lll¢ome/{expeDditsre) before K•ins and ]o#i¢# 4,869 (26.693) Re4llied re¢o8nl•¢d galni gnd Reali*l gain￿Sses} on fixed as8et investments Net ineomel{exp¢nditure) 42.051 Pase 12