THE PLYMoirrH ASTOR TRUST (VHS)
(Fonnerly Viryinia House Settlement)
A Company Llmited by Guarantee
Company Registration N(k 02535755
Charlty No. 1000972
REPORT AI¥D FINANCIAL STATEMENrs
31 March 2025

THE PLYMOUTH ASTOR TRUST (VHS)
REPORT AND FINANCIAL STATEMENTS
FOR IIIE YEAR ENDED 31 MARCH 2025
CONTENrs
Page
Legal and adElliDistrative inforniation
216
Report of the ttustees
Independent Examiner's Report
Statement of fu￿nCial activities
Balance sheet
Notes fonning part of the fjnancial statements
10117

THE PLYMOUTH ASTOR TRUST IVHS)
REPORT AND FINANCIAL STATEMENfs 2025
LEGAL AFID ADMtNISIRATIVE WFORMATION
Directors
P.R. Sanders (Chairman)
A. Bowater
A.P. Gilbert
M.A.G. Hoole
L Potts
C. Robinson
B.G. Warne
Honorary President
Alice Astor
Regi8tered Office
o TC Bromhead Ltd
Harscombe House
l Darklake View
Plymouth
PL6 7TL
Bankers
Solicitors
Lloyds TSB Bat]k Plc.
8 Royal Parade
Plymouth
PLI IHB
GA Solicitors
Gill Akaster Hous¢
25 Lockyer Street
Plymouth
PLI 2QW
Jnvestni¢nt Managers
A¢¢ountants
RBC Brewiu Dolphill
Brewin Dolphin Limited
11-15 Dix's Field
Exeter
EXI IQA
Northcott Trumfield
Chartered Accountants
Devonshire Villa
52 Stuart Road
Stoke
Plymouth
PL3 4EE
Barclays w¢￿th
1-4 Clyde Place Lane
Glasgow
G5 8DP

THE PLYMOUTH ASTOR TRUST (VHS)
REPORT OF THE TRUSTEES
The Trustees, who are also the directors of the charity for the pwposes of the Companies Act, submit their anllual rq)ort and the
financial statements forthe year ended 31 March 2025. Th¢ Trustees have adopted the provisions of the Statement of Re¢oLnmended
Pra¢ti¢¢ (SORP) "Accounting alld Reporting by Charities" (FRS 102) (second edition- October 2019) in preparing the at]nual report
and financial statements of the charity.
Reference and administrative details of the charity, fts Trustees, and advisers
The Plymouth Astor Trust (VHS) (abbreviated PAT) is a ¢ompany li]nited by guarantee (No. 02535755)
incorporated in England and Wales and is a registered charity (R¢g. No. 1000972). The directors of the charitable
company are its Trustees for the punx)ses of charitable law. Th¢ Company was fornierly known as Virginia House
SettlemenL
The Board are elected from the mellkbership and users of PAT. All are appoinfrd on a three year rotstion basis.
The Board of TTh￿tee5 bas complete responsil)i]ity for implementing our aims and objectives througb the
continuous development of policy and strdtegy. Meetings are held regularly to perfom] these functions
and moniti)r progress.
To assist the Board to perforni its duties there may be, from time to time, task groups that are advisory in
nature and report to the Board.
The following served as Board Melllbers during the year:
Phil Sanders (Chair), David Buckingham, Anthony GAEbert, Alexis Bowater, Marina Hoole, Chris Robinso
Bethany Warne and Meghan Potts. David Buckingbwn infornjed the Board of his Tesigllation prior to the AGM.
The Board express tbaDks for David's service and contribution to the Trnst over the l&st 29 years.
One person in tbe rol¢ of Treasurer and Secretary is retained part-time, supported by the TTL￿eS.
Membership of PAT is open to indÉviduals and organisations who support our Aims and Objectives. Each
memb&s liability is limits￿ in the event of the company winding up, to an amount not exceeding £1.
Struetury governance and AuanagemenL
The following Statement should be Tead together with the independent examinevs rq)ort on Page 7 of these
accounts. This statement is made with a view to distinguishing the Tespective responsil)ilities of the Board and the
Independent Examiner in relation to the ac¢ouots, &s required by the Companies Act 2006.
The Board are required by the Cotnpanies Act 2006 to pryare a¢cowits for each financial year which give a lrne
and fair view of the situation of PAT as at the end of the f]nancial y¢ar, 31 March, and of the income and
expenditure for that year.
In prepry the accounts, the Board are required to:
select suitable accounting policies and apply then) consistently.
observe the methods and principles of the SORP (FRS 102) (second edition- October 2019).
mak¢ judgements a]￿ estill￿t¢S tbat are re&8onable and prudent.
state whether applicable accounting standards hav¢ b¢en followe(L subject to any D￿terIal departures
disclosed and explained in the accounts.
prepare the accounts on a going concern basis unless it is inappropriate to preslllne that the ¢harity will
¢ontinue in operatio

THE PLYMOVTH ASTOR TRUST (VHS)
REPORT OF THE TRUSTEES
The Board has responsibility for ensuring that PAT keeps proper accounting re¢ord8 which disclose, with
reasonable accuracy, the financial position of the organisation at any tim¢ aud whxch enable them to ensure that
th¢ accounts comply with th¢ provision of the Companies Act 2006.
The Board h&8 a general responsibility for safeguarding the &8sets of PAT and for taking re&8onabl¢ steps for the
prevention and detection of fraud alld any other ]￿egular1ties.
The major risks to which the Charity is exposed continue to be athlressed. One of these risks is the age and gender
profile of the existing Board. This been addressed in recent years with the appointment of Alexis Bowater,
Marina Hoole (nee Leadbetter) BethaJ]y Warne 8nd Meghan Potts as Trustees. Also, the r¢al value of PAT'S
BrewinDolphin Portfolio Comparedto a b&seline is reviewedwhen detennining the amount of to be awarded
to Charities and Conununity knterest Group. Dividends earned from the Barclays Charity Fund are currently used
to fimds bursaries for students studyiDg early years education at University of Ptymouth. A Risk Register is
ailltained to ensure there are no conflicts of interest. Finally) PAT'S accounts are subject to independent
examination.
We seek Tr￿ste¢S who have good busine&s skills and Come fro￿ and have experience of, the voluntary, public
and community sectl)TS. In addition, we are keen to appoillt younger Trustees who lllay bring fresh ideas and
other skills such &8 pubJi¢ relations and social medi&
Trnstees are made aware oftheir responsibilities and provided with background infornlation on PAT including the
rules and objectives, annual accounts, and strategy documentation.
Objectlves and aetlvitles
Aim
ol￿ Memorandum and Articles of Association state that PAT is:
..established for 911 or any purposes forthe benefit ofthe inhabitants ofthe Sutton Ward ofPtymouth inparticular
and the City of Plymouth in general which is now or hereafter may be deellled by law to be charitable and in
particular the r¢li¢f of povety, distress and sickness, the fiwtberanc¢ of health and the advancement of education
and the provision of facilities in the interests of social welfare for r¢creation and leisure time occupation with the
objects of improving the conditions of life for the said inhabitants And generally to do all such lawfill acts and
things as are incidental and conducive to the att8iDment of these objects."
In the development of PAT to meet this object we work to the following aims and objectives".
To enhance the well-being of Communities and people in tbe City of Plymouth in general and the Ward of Sutton
by the provision of services and facilities to promote socialjustice, welfare, and education in the areas of greatest
nee(L
32
Objectiv
To develop initiatives and servi¢es as appropriate in response to identified neeiL whereveTpossiI)le in ¢o-operation
with other agencies and local organisations.
To encourdge and support the development of voluutary organisations, their Trustees, staff, and voluut¢¢rs.
To engage in and promote good community d¢velopment practice.
The TTUStees have considered th¢ leg￿ requirements that the charity is of public benefit alld are satisfied that the
clwtty does meet the criteria required.

THE PLYMOtrrH ASTOR TRUST (VHS)
REPORT OF THE TRUSTEES
Main achievements
The Ptymouth Astor Trust (VHS) has provided generous financial support for students Telating to their interests in
the care and education of young children (0-8 years). In 2024-2025 bursaries are being fimded fri)m dividends
earned from the Barclays Charity Fund Portfolio. £5,300 has ￿ell transfetred to University of PIymouth who pay
the bursaries to students. A total of twelve students have been awarded bursarics.
The Plymouth Astor Trust agreed to award £30,OW for grants to charities and Commullity Interest Groups working
witbin the city of Plymouth at its Board Meeting on 24 January 2025. Funding for these grallts being generated by
our income from PAT'S Brewill Dolphin Investment Portfolio and propety rental. The closing date for grant
applications is after year end Oll 30 April 2025.
The Register of Interests h&8 been updated.
A new 10 year lease for 30 Lwe Street (Noah's Ark Nursery) has been signed off by PAT and the Hadland Care
Group. The new lease collllnellcement date was backdated to l August 2023, the day after th¢ old le&8e expired.
Ba¢kdat¢d r¢nt has beell billed and receive(L
The Board held an event at 3 Elliot Terrace in January 2025 to amiounce that grant applications were now open.
The event was attended by the Lord Mayor of Plymouth, alongside Trnstees of PAT, Alice Astor, Nancy Astor's
gran(klaughter, fornier grant recipients and an Astor Scholarship recipient who shared insiglLts into the legacy of
Nancy Astor and tbe impact of grants.
The Board agreed at the Board Meetillg on 24 March 2025 that Full Condition Surveys should be undertaken at
all of PAT'S properties. It was agr¢ed that Phil Sallders will arrange a meeting with Stratton Creber Commercial
(SCC) whi¢h would aIso be attended by Meghan to understand the scope of the Surveys, quotes received and
¢oDfim PAT'S requirements. The Board also agreed that an alt¢rnative quot¢ should be sought.
It was agTeed at the Board Meeting on 24 March 2025 that Alexis Bowater would shadow Phil Sanders. Phil will
copy in Alexis Bowater in any PAT correspondence.

THK PLYMoufH ASTOR TRUST (VHS)
REPORT OF THE TRUSJEES
Financial RevAew
The net 8ssets of the charity at the year end are £1,377,223 after a revaluation loss of £15,812 on the illvestment
portfolio in the year. Tht marketvakne of our equity inv¢$tments at 31 March 2025 was £981,665 andthis compares
with a base cost of £814,627. The investment strategy provides income and capital growth to support the trllst¢es'
objectives of helping other local charities and community Interest organisations with endowments and grants. The
board is committed to th¢ir statutory duty to ensure the orgartisation's future is secur¢.
PAT now has two investment portfolios. It wntinues to hold a Brewin Dolphin Portfolio and ill December 2024
took over ownership from NLAST of an illveslment in the Barclays Chaity Fund. PAT has implemented an
inves1ment strategy in companies which are deemed to operate globally in an ethi¢al matmer. This is vaIid forboth
these funds. PAT'S Brewin Dolphin portfolio is equily and fixed income based with sn￿ller holdings in property,
Commodities, and cash. GeographicaIly, the exnphasis is on American and British equities wbi¢h collstithte nearly
600/0 of the portfolio. The Barclays Charity Fund is similarty a multi asset and geographically diverse bolding
with near to 430/0 invested in equities in developed ￿￿ets (USA, UK Europe), 20% in equities in emerging
markets, a 20.0 % holding in bonds and 170/0 ill other assets such as propety ond Commodities. I)uring the year
£39,000 was transferred from PAT'S current account to Brewin Dolphin for inveslment. Income was generated
from inveslments and propety rental. Dividends received from our Br¢win Dolphin investment portfolio were
£18,571 and dividen(L8 and iuterest from the Barclays Charity Fund illveslment portfolio were £5,358.
Rental Income from Tops Nursery. 30 Looe Street and Friends and Families at 40 Looe Street was £30,000.
There was a review of PAT'S financial position at the begiDnillg of 2025 which concluded that there had been an
improvement in the real value of the Brewin Dolphin Portfolio compared to baseline 2006. Consequently, at the
PAT Board Me¢tiug oll 24 January 2025 it was decid¢d that they would designate £30,000 for grants to Charities
gnd Community Interest Compallie5 grants in 2025. AISO, Trustees agreed that divi(knds received from the
Barclays Charity Fund Portfolio would fund bursaries to early years S￿dents at University of Ptymouth. £5,300
was Irdnsferred to University of Plymouth for this purpose.
The organisation's reserv¢s are spread over three categories. The capital fund supports one propety h¢ld ￿ an
itivestment and the se¢ond property used by a clmrity providing childcare and nursery services. A 99 year lease
was granted in 2007 for a'%Yhite rose" consideration in respect of the second property.
The endowment fun(£ fjxed at £1 10,000, is intended to help secure the future of Ihe clwity and is not intended to
be 8n expendable investment in ternis of revenue utilisatloll.
The unrestricted fi￿d is to provide sufficient income to support the athninistration of the charity and provide
sutyicient income to meet the trnstee's objectives of providing help ill the local con]munity by the granting of
financial assistance to charities, Community organisations and students of University of Plymouth.
It should be noted that the Barclays Charity Fund are not designated funds solety for the benefit of Plymouth
UnÉversity stud¢nts studying the care and education of young childrell (0-8 years) and could be used to achieve
other ain]s and objectives illcluded in PAT'S M¢moranduEn of Association.

THE PLYMOUTH ASTOR TRUST (VHS)
REPORT OF TIIE TRUSTEES
Issu&¥ arfislng folloiyfing Year End
Roger BretL the current Tre&8urer and Se¢ret8ry submitted his resignation on 28 February and tern]inated his
empLoym¢llt with PAT on 20 June 2025. An advertisement for a replac¢ment h&8 been placed.
Hatlllah Madders Tecentty infornied Phil Sanders that th¢ draft underlease and side letter for 40 Looe Street were
still with FFSC'S solicito￿ Thompson and Jackson. Phil confmed that the tern￿ ofthe underlease and side letter
were agreed as far as PAT is concerned. Phil will ¢ontact Hannah again to better undffl3tand the blockage 8nd
contact Ashleigh Philips of FFSC to expedite agreemellt and sigll off the new underlea5e and side lett¢r.
A total of 39 grant appli¢ations were Submitte￿ requesting over £IOO,OIK) in fi]nding. Following careful review
by a subcoEttmittee of Trnstees tasked with recommending grants, and subsequent approval at the Board Meeting
on May 20t￿ £29.998 was awarded to 39 charities and cotnmullity interest groups. This amount was paid on the
May 24th
At tbe Board Meeting on 20 May it was agreed that an event should be held in July at Elliot Terrace to r¢cognise
the work of the awardees and pr¢s¢nt c¢rtifAcat¢s. An event has been arnged for 8 July.
A document that fornis the b&sis of a PAT Ilandbook including iDforniation about financ¢, propety, le&8es,
investments etc has been prepared and issued to Trustees. Trustees are of the view that the document thould
¢mbody more inforniatioll about the history and legacy of Lady Astor including infommtion about the other places
in Plymouth with the natne Astor.
This report has been prepared having token advantage of the small company's exemption in the Companies Act 2006.
Sigrn¢d on b¢half of the Board of Managerllent 14 August 2025 by:
P.IiSanders

THE PLYMoirrH ASTOR TRUST (VHS)
Independent Examiner's Report to the Trust¢e$ of The Plymouth Astor Trust (VHS)
I report to the charity tn￿teeS on my examination of the accounts of the ¢onJpany for the year ended 31 March 2025 which are set
out onpages 8 to 17.
Responsibilities and basis of report
As tbe charity tnistees of the company (and its directors for the puryoses of company law) you are responsible for the preparation
of th¢ a¢counts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,).
Haviug satisfied mys¢lfthat the accounts ofthe company are notrequiredto be auditedunderPart 16 ofthe 2006 Act and are eligible
for independent examillatio￿ I report in re5pe¢t of my examination of your ¢ompany's accouuts as conducted under section 145 of
the Charities Act 2011 ('the 2011 Act,). In conducting my examination, I have followed the Directions given by the Clwity
Commission und¢r s¢¢tion 145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed rny eXa￿]natiOn. I Gonfirni that llo matters have ¢om¢ to my attention in ¢oDne¢tion with the examination giving
me cause to believe that in any D￿terIal respect:
accounting records were not kept in respect of the company as required by section 386 of the 2006 Act: or
the accowits do not accord with those records; or
the accounts do not compty with the accounting requirements of section 396 of the 2006 Act other th8n any requirement that
tbe accounts give a 'true and fair view, which is not a matter considered as part of all independent examination. or
the accounts have not been prq)ared in accordance with the methods andprinciples ofthe Statement of Reci)mmended Practice
for accounttng and reporting by charities applicable to charities preparing their accounts in acci)rdance witlL the Fillancial
Reporting Standard applicable in the UK and Republic of Irelalld (FRS 102).
I have no concerns and have come across no other matters in CODrAe¢tion with the exami￿tion to whi¢b attention should be drawn
in this report to enable a proper understanding of the accounts to be reached.
Guy Ian Northeott
FCA, Bsc(Econ) Hons, DChA
Northeott Trumfield
Charter¢d Aeeountsnts
Devonshxre Vllla
52 Stuart Road
Stoke
Plymouth
PI3 4EE
Date: 14 August 2025

THE PLYMoirrH ASTOR TRUST (VHS)
STATEMENf OF FINANCIAL ACTIITIT]ES (including Income and Expenditure Account)
FOR THE YEAR ENDED 31 MARCH 2025
2025
Restricted
Funds
Unrestri¢t¢d
Funds
Endowment
Funds
2024
Totsl
Not¢s
Total
Income and endowments from:
Investments
Donations
53,929
53,929
49,448
170 185
Total income and endowments
53,929
53,929
219,633
Expenditure on:
Raising fi￿d$
Charitable activities
8,407
16,049
8,407
16,049
7,121
15,752
Totsl e￿endItsre
24,456
24,456
22,873
Net incomel(expenditure) and net
movement in thnds before gainsl(losses)
on finvestthents
29,473
29,473
196,760
Net gain/Oosses) on inv¢stments
12
15,812
15,812
70,381
Net Rncome/(expeDdlture)
13,661
13,661
267,141
Transfers between funds
Other recognised gaRnslOosses)
Net movement in funds
12
13,661
13,661
267,141
Reconeiliatlon orrunds:
Total funds brought forward
12
966,562
287,000
i 10,000
1,363,562
1,096,421
Total funds Carried forward
12
980,223
287,000
iio,000
1,377,223
1, 363,562
All income and expenditure derive from continuing activities.
The statement of financial activities includes all gains and losses recogllised (hwing the year.

THE PLYMOtrrH ASTOR TRUST (VHS)
BALANCE SELEET
AT 31 MARCU 2025
Note
2025
2024
Fixed assets
Tangible assets
Investtllents
ioi,000
1.267,664
ioi,IM)O
1,244,871
Current assets
Debtors
Cash at bank and in band
io
21,651
21,651
16,801
Creditor8:
Amounts falling due within one year
li
3,960
Net current assets
8,559
Total assets less current liabilitie8
1,377223
1,363,562
Net assets
1,377,223
1,363,562
Capital funds
Restricted fi]nds
12
287,000
287,000
Endow]nents
12
iio,000
i 10,000
In¢om¢ funds
Unrestricted funds
Revaluation reserve
Designated fund
12
12
12
811,161
139,062
30,000
801,964
164,598
Totsl eharity funds
1,377,223
1,363,562
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 ofthe Companies Act 2006
relating to small compaDi¢s.
Dire¢tors' responsibilities:
The members have not required the company to obtain all audit of its accounts for the year in question in a¢¢ordan¢e with
section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Aot 2006 with respect
to accounting r¢¢ords and the prep8rntion of accounts.
The accounts have been prep8red in a￿Ordance with the provisions applicable to companies subject to the small compally's r¢gim¢.
These fmancial statements were approved and authorised for issue by the Board of Trustees on 14 August 2025 and were signed oll
their behalf by:
P.R Sanders . D.
tor
Company No. 02535755
The notes on pages 10 to 17 fonn port of th¢se accounts.

THE PLYMOUTH ASTOR TRUST (VHS)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Summary of significant aceounting policies
(a)
General inforniation and basis of preparation
The Plymouth Astor Trust (VHS) is an individual company limited by guarantee registered in Englalld in the
United Kingdonl. tn the event of the clwAty being wound up, the liabiltty in resp¢ct of the guarantee is limited to
£1 per member of Ihe charity. The address of the regxstered office is given in the Charity iDforniation on pag¢ l of
these fu￿1¢la1 statements. The llatLWC of the ¢lwity's op¢rations and principal activities are:
Aims
Our Memoranduxn alld Articles of Asso¢iation state that PAT is".
..established for all or 8ny pw)os¢s forthe benefit ofthe inhabitants ofthe Sutton Ward ofPlymouth in particular
and the City of Plymouth itL general which is now or her¢aft¢r may b¢ deemed by law to be charitable and in
particular the relief of povety, distress and sickness, the furtberance of health and tbe advancement of ¢ducation
alld the provÉsion of facilities in the interests of so¢ial welfare for recreation and leisure tim¢ occupation with the
objects of improving the conditions of life for the said inhabitants and generally to do all su¢b lawfiLI a¢ts and
things as are incidental and conducive to the attainment of these objects."
In the d¢velopment of PAT to meet this object we work to the following aims and objectives:
To enhance the well-bcing of communities and people in the City of Plymouth in general and the Ward of Sutton
in particular by the provision of services and facilitses to promote social justice. welfare, and education in the areas
of wtest need.
The fmancial statements are prepared on a going concern basis under the hi5tori¢ rost convention, modified to
include certain items at fair value.
The clwity constitutes a public benefit entity as defllled by FRS102.The fmancial statements have been prepared
in accordance with Accounting and Reporting by Charities: Statetnent of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial R¢porting Standard applÈcable in the UK and
Republic of Ireland (FRS 102) (second edition- October 2019), the Financial Reporting Standard applicable in the
United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006 and UK Generally Accepted
Prartice as it applies from l January 2015.
The financial statements are prepared on a going concern basis, as the trustees believe thatno material ull¢ertainti¢s
exist. The financial statements are prepared ill sterling which is the f[￿ctiOnal currency of the charity and roullded
to the nearest £1.
The significant accounting po]icies applied in the preparation ofthese fmancial statements are set outbelow. These
policies have been consistently applied to all years presented unless otherwise stated.
(b)
Fund accouDtiDg
General funds are unrestricted funds which are available for use at the discretion of the T￿￿teeS in furtherance of
the general objectiv¢s of the charity and which have not been designated for other purposes.
Desiguat¢d funds comptise Ut￿¢striCted fimds that have been set aside by the Trnstees for pury)oses. The aim ond
use of ¢a¢h designated fimd is s¢t out in th¢ notes to the fjnancial statements.
Restricted fimds are funds which are to be used in ac¢ordan¢e with specific restrictions imposed by donors, or
which have been raised by the cbarity for particular pwposes.
Endowmentfvndy represent those assets which must be held pernwiently by the charity, principally investments.
tncome arising on the ¢udowment fuuds can b¢ used in a¢cordanc¢ with the obj¢cts of th¢ charity alld is included
as unrestricted income. Any capital gain5 or losses arising on the investments forni part of the fLm(L
Investtnent income and gains are allocated to tbe appropriate fun(L
io

THE PLYMOUTH ASTOR TRUST (VHS)
NOTES TO THE FINANCIAL STAIEMENI3
FOR TKE YEARENDED 31 MARCH 2025
(¢)
In¢om¢ r¢cognitlon
All incoming resources are included in the SOFA whell the charity is legally entitled to the income, and the anlount
can be quantified with reasonable accuracy. For legacies, entitlement is the earlier of the charity being notified of
all impending distribution or the legacy being received.
Gifts in kind donated for distribution are included at valuation andrecognised as income when they are distnThuted
to the projects. Gifts donated forresale are included as income when they are soliL Donated facilities are included
at the value to the charity where this can be quantifie(L and a tbird party is bearing the cost. No amounts are
included in the financial statements for services donated by volunteers.
Incoming resources are onty defe￿ed when the income is for a future period andlorhas imposed conditions which
must be satisfied prior to the charity having entitlement to the income.
(d)
Expenditure recognition
Resources expended are recognised in the p¢riod in which they are inawred. Resources expended include
attributable VAT whicb cannot be recovered. Charitable expendxture and administration ¢osts comprise direct
expenditure includillg direct staff costs attributable to the activity.
Support costs include central Costs and have been allocated to activity cost categories on a basis consistent with
se of resources. Governance costs are identified as costs associated with statutory constitutional requirements.
Grants payable are charged in the year when the offer is conveyed to the recipient except in those cases where the
off¢r is conditional, such grants being r¢cognised as exp¢nditure when th¢ conditions 8tta¢hing ar¢ fulfilled. Grants
offered subj¢ct to Conditions which have not be¢n met at the year end are noted as an intention but not accrned &s
expenditur¢.
(e)
Fiied assets and depreciatlon
Fr¢¢hold properties: No depreciation is ch￿ged on these properties as the lives of the properties are so long and
the residual values based on cost or subsequent revaluation to be high enougb to ensure there is no significant
allnual dq)r¢ciation. FreelLoEd land is not depreciated. ADnual review takes please to establish any pernianent
diminution in values of fixed assets.
Depreciation is provided to write off the cost of tangible fixed assets in equal instalments over their ¢stimated
useful economic life. The estimated usefid lives are as follows:
Freehold and Leasehold Land and Buildings are included at the directors, best estimate of the market value.
Equipm¢nt
2￿/• straigbt line
(o
Investment8
Investments held as fixed assets are recognised initially at fair value which is nornlalty the transaction price
excluding transaction costs. Investments are held primarily for an illveslment Tettwn.
Subsequentty they are me&8ured at fair value with Changes recognised ill net gainsAosses on itivestnlents in the
SOFA if the shares are publicly traded or their fair value can be otherwise measured reliably.
Debtors and creditors receivablelpayable within one year
Debtors and creditors with no stated interest rate And receivable or payable within one year are recorded at
transaction price. kny losses arising from impairment are recognised iti expenditswe.
li

THE PLYMoirfH ASTOR TRUST (VHS)
NOTES TO THE FINANCIAL STATEMENFS
FOR THE YEARENDED 31 MARCH 2025
(h)
Cash at bank and in hand
Cash at bank and cash in hand irncludes cash and short term highly liquid inveslments with a short Luatiwity of
three months or kss from the date of acquisition or opening of the deposlt or similar accounL
(i)
Financial instruments
The charity onty has financial assets and f￿ancial liabilities of a kind that qualify as basic fmancial instnnnents.
Basic financial instrlllnents are initially recognised at transaction value and subsequently measured at their
settlement value except for baJ]k loans which are subsequently measured at amortised cost using the effective
interest metho(
Income and endoivments
Unrestricted
2025
2024
Total
Total
Dividends and interest receivable
Propety income
23,929
30,000
53,929
20,448
29,000
49,448
170,185
Donations (NLAST & Astor Playing Field)
53,929
219,633
Expenditure
2025
Totsl
2024
Total
Raisingfvnds
Investment manager fees
8,407
Charitable acliviti&y
Grallt making artivities:
Furtb¢rance of health and social wellbeing
Advancement of education (University of Plymouth)
Alleviation of EK)verty
6,275
5.300
5,300
6,275
Support cost
Wages
4,320
1,229
21
455
217
1,867
4,320
892
35
510
156
2,784
Postage, stationery, and document disposal
Travel, traini￿ subsistence, and welfare
Marketing
Legal
Propety Consulting Fees
9,909
8,697
Governance
Independent Examinatloll
840
780
Charitable 8Ctivities
15,752
Totsl expenditure
24,456
22,873
12

TH￿ PLYMOUTH ASTOR TRUST (VHS)
NOTES TO TIIE FINANCIAL STATEMENrs
FOR THE YEARENDED 31 MARCH 2025
Grants funding of activitles
2025
Grants to Instttutions
2024
Grants to Institutii)ns
Charitable activili
Grant maknng activities:
Education
5,300
6,275
5,300
6275
Jn year ending 31 March 2025 bursaries were fjmded from dividends earned frotn the Bar¢lays CILarÉty Fund Portfolio.
£5,300 has been transfered to University of Plymouth who pay the bursaries to s￿dellts, A totsl of twelve students were
awarded bursaries.
As stated above University of Plymouth received a grant exceeding £2,500.
Net income/(expeDditure) for the year
2025
2024
The net incomelexpenditure for the year is stated after charging:
Governance costs: Independent Examination
Profitl(loss) on fair value movement olinvestments
840
{15,812)
780
70,381
Staff numbers and Costs
The average monthly number of employees during the year (excluding Trustees) by fimction was:
2025
2024
Charitable activities:
The staff costs in respect of these employees were as follows:
2025
2024
Wages
4,320
4,320
No employee earned £60,000 per annum or more.
None of the Trustees or p¢rsons COlln¢¢ted with them recekved ally emoluments or expenses during the year.
The total aMO￿t of employee beneffts received by key management persoDn¢l is £nil (2024: nil). The trnst considers its
key management personnel compr0n￿e the Trnstees.
Taxation
As a clwity, the company has taken advantage of the exemptions from taxation available under S505 Income and
Corporation Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are
applied to its chartable objects.
13

THE PLYMOUTH ASTOR TRUST (VHS)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEARENDED 31 MARCH 2025
Tangible fixed a￿ets
Freehold
Land and
Buildings
Long
Leasehold
Equipment
Total
COST OR VALUATION
At l April 2024
Additions at cost
At 31 March 2025
loo,000
6,838
1,000
107,838
loo 000
107 838
DEPRECIATION
At l April 2024
Charge for the year
At 31 March 2025
6,838
6,838
6,838
6,838
NET BOOK VALUE
At l April 2024
loo,000
1,000
ioi,000
At 31 March 2025
loo 000
ioi 000
The trustees re-value the assets periodically as to their best estimate of the open market value of the properties.
Freehold Land and Buildings consists of:
the propety at 24 Hoe StreeL The Hoe, Plymouth, whith is occupied by the Margaret Mcmillan Nursery (Margaret
Mcmillan Limited Reg. No. 1118357). tn accordallce with the wishes of Waldorf and Nancy Astor, who gifted
The Plymouth Astor Trnst (VHS) with the pr¢mises known as 24 Ho¢ Street, those premises are let to the Margaret
Mcmillan Nursery School, an independent charity, on a rent free basis for as long as the school continues to fulfil
its charitable purposes. Th¢ existing lease is for 99 years commencing on 29 April 2002 and expiring on 28 April
2101.
Use of Assets:
Freehold
LAnd and
Buildings
Long
Leasehold Equipment
2025
Total
Mcmillan Nursery School (Reg. no. 1118357)
Friends & Family of Special Children Oleg. no. 1114692)
1,000
1,000
loo,000
loo,000
loo,000
1,000
ioi,000
14

THE PLYMOUTH ASTOR TRUST (VHS)
NOTES TO THE FINANCIAL STAIEMENrs
FOR THE YEAR ENDED 31 MARCH 2025
Investments
Freehold
Listed
Portfolio
2025
Total
2024
Total
Brewin Dolphin
Cost or market valu¢ at l April 2024
Additions at cost
Disposal proceeds
N¢t Gain/(LK>ss) on revaluation at year end
286,000
784,172
1070,172
245,366
245,366
(206,31D (206,317)
(15,942)
(15,942)
953,962
289,953
{233,697)
59,954
Market value at 31 March 2025
286,000
807279
1093279
1,070 172
istori¢ cost- portfolio
286,000
678,637
964,637
915.962
The freehold propety at 30 Looe StreeL Bretonside, Plyjnouth is used fornursery services by a separate organisatio
Listed
Portfolio
2025
Total
2024
Total
Barelays Charity Fund
Cost or m&rket value at 31 March 2024
Additions at cost
Disposal proceeds
Net Gain/(Loss) Oll revaluation at ye8r end
174,699
174,699
164,494
(443)
130
(443)
130
(222)
10,427
Market value at 31 March 2025
174,386
174,386
174,699
Historic Cost-portfolio
135,990
135,990
136,336
Investments are primarily held for an investmellt re
io.
Debtors
2025
2024
Other debtors
ii.
Creditors: Amounts falling due wlthin one year
2025
2024
Trade creditors
Accruals
3,537
4,705
710
3,250
8,242
3,960
15

THE PLYMOUTH ASTOR TRUST (VHS)
NOTES TO THE FtNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12.
Statement of funds
At
l April
2024
GainlLoss
At
31 March
2025
Income Expendltl￿e Transfers Revaluation
Profits
UDrestricted funds
Revaluation reserve
Designated funds
Pernianent Endowment funds
Capital fi￿dS
801,964
164,598
53,929
(19,156) (35,300)
9,724
(25,536)
811,161
139,062
30,000
i 10,000
287,000
(5.300)
35,31)0
i 10,000
287,000
1,363,562
53,929
(24,456)
15,812
1,377,223
At
l April
2023
Gain/Loss
At
31 March
2024
Income ExpenditL￿c Transfer6 Revaluation
Profits
Unrestricted funds
Revaluation reserve
Designated fimds
Pernian¢nt [￿ndOW￿ent funds
Capital fimds
600,841
98,580
219,633
(16,598)
(6,275)
4,363
66,018
801,964
164,598
(6,275)
6,275
iio,000
287,000
i 10,000
287.000
1096,421
219,633
22,873
70,381 1,363,562
Unrestricted Funds represent the provision of services, faci]ities, social care and community development.
Designated Funds represent funds tbe board have all￿ated for grants See section 4.1 and 4.2 for details of awards.
The Endowment Fund was established in 1990 by the charity t￿￿tee9 to accumulate Ullder capital wwth ulltil £l10,OI)O
in value at mini]num had been achieved and was established to provide a secure and predictable strearll of income for the
The Capitsl Fullds represent the value of the propety known as 24 Hoe StreeL Plymouth, which was endowed to The
Plymouth Astor TrL￿t (VHS) by WaldorfandNan¢y Astor who wished that those premises are let to the Margaret Mcmillan
Nursery School, an independent ¢harity, on a rent free basis for as long as the school continues to fulfil its charitable
purposes. A 99 year lease was granted in 2007 to the trustees of th¢ Mgrgaret Mcmillan Nursery School on Simil￿ tern
to those previously in place. The charity's residual interest is valued at £1,000.
In additio￿ tbe Restricted Capitsl Funds in¢llldes £286,000 which was granted in the year ended 31 March 1998 to the
charity from the Con)mullity Fund (forni¢rly l(nown as the National Lottery CFLarities Board) specifically to purchase office
equipment, furnitur¢, refurbisbm¢nt Costs alld professional fee5 for tbe purpose of developing the Redwood Family Centre
at 30 Looe Street, PlY￿O￿tIL. The grant ternis and conditions expired 10 years from acquisition and is repayable upon
den)and should the charity breach the conditions therein. This repayment peri￿ h&s now expired but approval must be
sought if the propety is sold or used as security.
16

THE PLYMOUTH ASTOR TRUST (VHS)
NO]ES TO THE FINANCIAL STATEMETrTTS
FORIHE YEAR ENDED 31 MARCH 2025
13.
Analysis of funds
Restricted
Capital
Funds
Revaluation
Reserve
Unrestricted Desigllat¢d
Funds
Fund
Endowment
Funds
Total
Tangible fu(ed assets
Investtnents
Net current assets
loo,000
672, 825
10,359
1,000
286,000
ioi,000
1,265,864
10,359
167,039
30,000
iio,(x
Total net &8sets
167,039
783,184
30,000
287,000
110,000 1,377223
14.
Share ￿pital
The company is a company limited by guarantee with no shar¢ capital. The liability of th¢ members is limited to £1 per
member,
15.
Leases
The ¢lwity ha5 a 125 y¢ar le&se> granted in 2004, on the wund floor of part of 40 Looe Street under a peppercorn rent.
Custodlall Trustee
PAT w&s previously the Trustee of The Astor Playing Field Trust (Reg. No. 300927). With the permission of the Charity
Commission the Astor Playing Field Trust h&s been dissolved alld resources transfe￿ed to PAT.
17.
Trustee remuneratlon
Th¢re were no payments to trustees for remuneration or reimbursement of expenses.
18.
Related party transactions
There were no related paty transactions.
17