Page 27 - WMPF Here for you 2016
P. 27
Balance Sheet
Net Assets 2016
£3,187,000
4%
14%
21%
61%
Buildings and equipment Investments
£667,000 £1,938,000
Cash Working capital
£441,000 £141,000
Overall, the balance sheet remains strong. The Board believes that a strong balance sheet is 27
essential to maintaining the long-term viability of the Federation. This is particularly so as we
enter a potentially new phase of development following on from the independent review of the
Police Federation of England and Wales and falling membership which is still under review.
Investments in shares and bonds are held by professional fund managers and returns are
measured against external benchmarks. There is a need to review the management of our
investment due to high rises in management fees. The executive committee has recognised this
issue and is investigating the matter.
