Received: 20 December 2023

Please could you please provide the total balance of the federation reserves for the following years

2019

2020

2021

2022

2023

Responded: 19 January 2024

The Police Federation of England and Wales (PFEW) holds the data requested as set out below.
It should be noted that changes in the NRF balance are due to a variety of reasons impacting the
investment of the fund, including: withdrawals to meet member needs; the influence of market
conditions which can have a positive or negative impact on the fund. For example, in 2022, the
Russia/Ukraine conflict had a negative impact on the investment.