Page 27 - West Midlands Police Federation: Here for you 2015

Balance Sheet Net Assets 2015 7% £21,000 £55,000 14% £26,000 23% £33,000 £11,000 £32,000 £47,000 £28,000 £40,000 £45,000 £70,000 £79,000 56% £102,000 £135,000 £224,000 £228,000 Buildings & Equipment Investments £705,000 £1,730,000 Cash Working Capital £423,000 £225,000 The balance sheet, which has been built up over many years, remains strong. The board believe that a strong balance sheet is 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 and falling membership]. Investments in shares and bonds are held by professional fund managers and returns are measured against external benchmarks. 27