Ch•rfty rogistration number $0S514 IEngland and Walosl THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND LEGALAND ADMINISTRATIVE INFORMATION Commlttee momr$ Moorhwse C Nicholls l Ditt8 M Reeves C Bentby S Humpage M Claxton D Scholefjeld K Gilert D E8le$ C Grandison R Close {Appointèd 30 June 20251 Chairp8rson R Close Treasurer Reeves S•crgtary C BentY Charity number 505514 Principal address P.0. Box 9 Wakefield WFI 3QP Aeeountants Parsons Accwnlanls Lt No 2 Silkwood Office Park Fryers Way Wakefield WF5 9TJ Bank•rs National Westminster Bank PLC 58 Westgate WF1 1XF Investment advis5 Schofield Money Hartow Court Cardal• Park Otley Road Harroyatg HG3 1PU
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND CONTENTS Page Committee Members report AUntants, report Slatamenl of financial acliwtièg Balane8 sheet Notes lo the financial statements 6-10
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND COMMITTEE MEMBERS REPORT FOR THE YEAR ENDED 31 MARCH 2026 The Committoo Members pras8nt thair annual report and fin8nci81 statemènts lor th& y&8r endad 31 March 2026. The financial stslements have been prepared in accordan with the accounting policies sel out in note 1 to the financial statements and comply with the fund's constitution. Ihe Charilies Act 2011 and 'Accountsng and Reporting by Charities.. Stalemenl of Recommended Practice applicable to charities preparing their accounts in accordance wilh the Financlal Reporting Standard applicable In the UK and Republ1¢ of Irèland IFRS 1021. ObJo¢tlve¥ and activities The West Yorkshire Police Benevolent Fund is established under a constitution daled 21 July 1976 to relieve those in neeessitous urcvmstances 8wng the serving or former member8 of the Force and their dgpend8nts and among widows. widowers and orphans of such former members. In addition, 855islance will be given lo mernbe of the Vvest Yorkshire Metropolitsn Police who face temporary financial drfficuFty by way of interesl free loan8. Public ben8fj1 The Committee Members have paid due gard lo guidance issued by the Charity Commission in deciding what actNities the fvnd should undertake. Achl•vèmènts #nd performance Signifi'cant activities and achievem8ArtS 8g8irJsl obJectiv8s Financial revSew R&serve8 policy It is the poli¢y of th$ fund that unrestricted funds which have nol been designated for a $pe¢ific use should bo maintai1 at a level equivalent lo between three and six month's expenditure. The Committee Members consider that reseryes at this18vel will ensuty that, in the event of a signrficant drop in funding, they will be able to continue the fund's current activiii•s whil& consid8rab.on is given to ways in which additional funds May b8 rais8d. This Lgvel of reseeS has been maintained throughout the year. Structurè, govÈmance and management Thè Committèè Membèrs who served during th* y8ar and up to the datè of signatur6 of Ihe financial stat8m&nts were.. M Moorhouse C Ni¢holls l Ditta M Reeves C Bentley O Khan S Humpage M Claxton D &horie1d K Gilert D Bates C Grandison R Close (Resigned 29 June 2025 IAppointed 30 June 20251 Recruilmenl and apptiirttmertt of trustées New committee members are appointed by the Bxisling commillee members. The committee members meet quarterly to assess granl aPpIatIOns. They have not received any remuneration or travel expenses from the fund during the year. R•port to the membèrs Investment income is made up of dividend$ received from investments. The market Value of the Inveslments 8t the year end was £489,362. During 2025126, the number ol officers subscribing to the fund increased from 3,716 10 3.754.
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND COMMIThEE MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 AIARCH 2026 R8seThe$ polley The fund ielains such reserveg to enable any applICatnS to be dealt with immèdiatety. The level of reserves held is £732.533. This a increase of £79,833 during the year. The committee rnonitors the level of reserves at each meetiro. Thg Committee Members report was approved by the Board of Committ88 Members. R Close Date..
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND CHARTERED ACCOUNTANTS. REPORT TO THE COMMirrEE MEMBERS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND FOR THE YEAR ENDED 31 MARCH 2026 In order lo assist you to fulfil your duties under the Charities Act 2011, we have prepared for your approval the financial statements of The West Yorkshi¥e Police Benevolent and Loans Fund for the year ended 31 March 2026, which comprise the stalemenl ol financial activities and the lated notes from the charity's accounting records and from inlormaits)n and explanations you have oiven us. As a praclising member fim of the Institute of Chartered Accoltnlants in England and Wales, we are sublècl to Its ethical and other prolessional requirements which are detailed at https.-IlvMw.icaew.comlfegulatiorb. This ieport 19 made to the charity's Committee Members. as a body. in accordance with the tem)s of our engagement lett8r. Our work has been undertaken solely lo prepare for your approval the financial staternents ol The West Yorkshire Police Benevolent and Loans Fund and state those matters that we have agreed to statè to the harivs Cornmittee Members, as a body, in this report in 8ceonJancè with ICAEW T8chnical Release 07116 AAF. To the fullest extent pemitted by law, WE dD not acc8Pt or assume responsibility lo anyone other than The Wesl Yorkshire Police Benevolent and Loans Fund and the charity'$ Committee Members as a body, lor our work or for this report. 11 is your duty to an$urè ihal The West Yorkshire Police Benevolent and Loans Fund has kept adequata accounting r8cords and to prepare stslulory financial ststements thal giv& a trua and fair vl&w of thè assèts, liabilili@5, lin3ncial position and surplus ol The Wesl Yorkshire Police Benevolent and Loans Fund_ You consider that The Wèsl Yorkshire Police Benevolent and Loans Fund is exempt from the statutory audlt requirémtrnl for the Yr. and is not required lo obtain an independent examinerfs reptsrt. We havtr rt b88n instructed to carry out an audit or a review of the financial ststements of The West Yorkshiie Police Ben6vol8nt and Loans Fund_ For this reason, we have not verrfied the accurw or complèteness of thg accounting rewrds or inlomation and gxplanations you have given to us and we do tK)t, thèrefore, èxpress 8ny opinion on the stslulory financial statements. Parsons Accountsnts Ltd Chartered Accountants Unil 2 Silkwood Park Fryers Way Ossett WF5 9TJ Date..
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND BALANCE SHEET ASAf31 MARCH 2026 2026 2025 Notès Flxed as5*ts Investments 12 489,362 436,503 Current assèts Debtors Cash at bank and In hand 13 173.387 69,784 196,329 20,094 243.171 216,423 Creditors: amounts falllng due wlthln ne year 14 (2761 Net current assgts 243,171 216.147 Total assets hss curr•nt Ilabilities 732.533 652,650 Thè funds of th• fund Unrestricted funds 732,533 652.650 732,533 652,650 r il.06,2l The finan8[ statement$ wara approved by the Committee Members on .... R Close
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2026 Unr•strlet•d funds 2026 Unr•strlcted funds 2025 Ntstts Incomè Irom: Donations and legacies Other trading aclivitl8S InveslrngntS 802 44,564 1,463 1,302 35,600 548 Total incgm• 46,829 37,450 Expenditure on: Charitable activities Other tsxwndilure 12,817 11,916 33.897 5,091 Total expenditur• 24,733 38.988 Net gainslllossesl on investments 10 57,787 19.963 Net income and movement in funds 79.883 18,425 Re¢on¢lllatlon ollunds: Fund balances 811 April 2025 652.650 634,225 Fund balancas at 31 March 2026 732,533 652,650 The slalemenl of financial activitie5 includes all gains and losses reeognised in the year. All income and expenditure darive from continulng acti¥ili89.
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Accountlng pollcles CharSty InfomiatSon The Wesl Yorkshire Police Benevolent Fund is established under a constitution dated 21 July 1976 to relieve those in ne¢e5Srtous circumstance5 among the serving or former m¢mbors ol the Force and their dependants and among widows. widowers and orphans of such former m8mbers. In addrtion, assistance will be given to members of the West Yorkshire Metropolitan Police who face letrwfary financial difficulty by way ol int6r8St free loans. 1.1 Basis of prgparatlon The financial staternents have been prepared in accordance with the lund's goveming documgnt. th¢ Chatlutrs 12011, FRS 102 Vhe FinanGial Reporbng Stsndard applicabl8 in the UK and Republic of Iieland" 8nd the Charities SORP "Accounting and Reporting by ChÈrities'. Statement ol Recommended Practice applicable to charities prepaiing their accounts in accordance with the Financial Reptsrting Standard applicable in the UK and Republic of Ireland IFRS 1021" The fund is a Public Benèfit Entity as dÈlinèd by FRS 102. The fund has takèn advanlag• of th• piovisions in the SORP for Chare$ not lo prepare a statèmèrt of cash flows. The finanrAal slatemenls have departed from the Charities (Accounts and Reports) Regulaiions 2008 only to the exlenl required to provide a true and fair view. This d8Parture has Invoivad following the Statement of Recommended Practic& for charities applying FRS 102 rather than the v8rsion of the Statement of Recornmended practi which is r£ferred to in the Regulalions but which has since been withdrawn. The financial statements are prepared in sterfing, which is th8 functional currency ol the fund. Monetary amounts in these financial statements are rounded to the nearest £. The financial ststements have been prepaied under the historical cost convention. modified to in¢kJde certtin financial instruments at fair valug. The princlpal accountlng pollcies adopted are set out below. 1.2 Going concern Al the tiffle of approving Ihe financial statements, the Commillee Members have a reasonable expectation that the fund has adequate resources lo continue in operational exi81encg for th& foreseeable future. Thus Ihe Commlttee Members continue lo adopt Ihe going concern basis of pLcounling in praparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the disc4etion of the Committè& Mombars in furtherance of their charitabk objèctives. Restricted funds are subject to Specific condition5 by dorTrors or grantors as to how tY may be used. The purposes and uses of the restricted lunds are set out in the not•$ to the ffnanrjal statements. Endowmant funds ar8 subject to specific conditions by donors that Ihe Capital mu51 be maintainèd by the fund. 1.4 Income Income is recognised when the fund is legally entitled to it after any performance condib'ons hav8 been met, Ihe amounts can be measured reliably, and il is probable that Inm9 will bg r&¢aived. Incoming SOurCeS comprises members subscriptions, public donab"ons, grants from th8 National Police Fund and invesimenl income, and are rèported gross. Donations and grants are accguntgd for wh&n the resources 8re receivable.
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Accountlng polld•$ (Continued) ExndIture Expenditure is recognised once there is a kgal or constructwè obligation to transfer economic benefit to a third party. it is probable that a trhftsfer of economi¢ benefits will bty required in Settlement. and the amounl of the tsbligation can be mea5urgd reliaiAy. Rasouree$ ¢xpervJgd oompiise all expenditure direcuy relating to the objects of the charity. When necessary, costs arè Èllocated between direct charitable expenditure, fund-raislng and managemenl and administration an equitable basis. 1.6 Flxed asset investments Listed investments ar& Staled at market value. The market value is based on the dosing markel prre. All mov8mÈnts in v8lu8 are 8hown in the ststement of financial activities, induding unrealised profits or losses at Ihe Balance Sheet dale. 1.7 Ca$h and ¢ash •quTvalents Cash and cash equivalent8 include ¢ash in hand, deposits held al call with banks, other 8hort-18m liquid inv8stment5 With origirhal maturities of thr99 months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabilities. 1.8 Financial instrum•nts The fund has elected io apply the provlsions of S8ction 11 'Basic Financial Insirum8nts' and S8ciion 12'01hor Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instrumants arè rgnised in thè fund's batance sheet when th8 fund becomes party to the contractual provisions of the inslruffjent. Financi81 assets and liabilities are offsel. with the nel arnounts presented in the financial statements. when Ihere is a legally enforceable Tight to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslc flnancial as$¢ts Basic financial assets, which irKlude debtors and cash and bank balances, are Inltially measured at transactw)n prict including transactiorb Gosts and are subseqtjentty Garried at amortised Gost using th8 gffeclive interest method unless thè arrangern&nt constitLJtes 8 financing transaction, wh8r8 the transaction is mèasured at the pr85ent value of the future receipt5 discounted at a Maet rate ol interest. Financial assets ¢lassified as re¢eSvable within one year are noi arnortised. Baslc flnanclal Ilabllltl•s Basic financial liabilits'e5, includiThJ creditors and bank loans are initially r8cognFs8d at transaction pric8 unless the arrangement constrtutes a financing transaction, where the debt instrument is measured at Ihe present value of the future payments discounted at a marf(el rate of inl8rest. Financial liabilities classified as payabl& within one year are not amrtisèd. Dèbt in5twments arè 5ub58quently carried al amortised cost, using the effective interesl rate method. Trade creditors are obligations lo pay for goods or services thal have been acquired in the ordirtary Course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within on& year or less. If nol, they are presented as non-current liabilities. Trade credltors are reeognlsed initially at transaction prlce and subsèquanlly measured at amortlsed ¢ost using effective Interest Mèth1.
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Crltlcal ac¢ountlng estlmates and ludgemfrnts In the application of the fund's accounting ptslidès, the Committee Members are required to make judgements. estimales and assurnptions about the carrying arnount of a558ts and liabilities that are not readily app8renl from other souices. The estirnates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from IsS $stimates. Thé èstimates and undèrfying 8SStJmptions are revtewed on an ongoing basis. Revisions to a¢counUng estimates arg recognised in the pertrod in which the estimate is revised where the revision affeds (lY that period. or in the period of the revision and luture perlods where the ravision affects both curr8nt and future pgriods. Income from donatlons and lega¢le$ Unr•slrlcted funds 2026 Unrestrlcted funds 2025 Donations and gffts 802 1,302 Other trading aclivilies Unr•strlct•d Unr•strict•d funds funds 2026 2025 Membership sub$Griptions and sponsorshlps 44,564 35,600 Income from investments Unr•$tricted Unrestricted funds funds 2026 2025 Other income Interest receivable 917 546 163 385 1,463 548 Charltable activities 2026 2025 Grant funding of ac11vleS 12,817 33,897
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 Grants payable 2026 2025 Grants lo inslitulions.. Grants 12,817 33,897 Trustees The Fund is managed by Volunteer Trustees who are elECted to the Fund. The Fund In this financial year had 12 trustees on the committee, and each are invited to aitend the quarterfy meetings. No person is employed by tho Fund. Admlnl$tratlv• Expenditur• UnTe¥tricted Unrestricted funds funds 2026 2025 Accountancy f•&s Trustee indemnity insurance It)v8stment management fee Other expendilLJre 732 385 4,310 6,489 695 276 4,120 11,916 5,091 10 Galns and Iosso3 tyn invwJtment$ Unrestricted Unrestricted funds funds Z026 2025 Gainslllo$se$l ari&ng on.. Revaluation of investments 57,787 19.963 11 Taxalion The ¢harily is exempl from tax on income and gains tslling within section 505 of the Taxes Act 1988 or sèction 252 of the Taxationof Charg8able Galns Act 1992 lo the èxtsnt that these are applied lo Ils charliable objects.
THE WEST YORKSHIRE POLICE BENEVOLENT AND LOANS FUND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2026 12 Flxed assgt Investments Inv•stment Portfolio Cost or valuation Al 1 April 2025 A&Jilions Valuation changes Disposals 436.503 1,108 57,787 18,0371 Al 31 March 2026 489.361 Carrylng amount At 31 March 2026 489,361 Al 31 March 2025 436,503 13 Dobtors 2026 2025 Amounts falllng due withln on• yèar.. Other dtrbtors 173,387 196,329 14 Crgditors: amount$ falling due within one y•ar 2026 2025 Accruals and deferred income 276 10-