THE PLYMOUTU ASTOR TRUST (VHS) (FormeTty VirglDi House SettkmeMI) A Cfjmp•ny Limited by Guaratttee Comp•y Registration N•. 11253575S Charlty No. 10011972 REPORT AND FINANCIAL ATEmENTs 31 Mreh 2026
THE PLYMoirrH ASTOR TRUST (VHS) REPOkT AND FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2026 CONTENTS Page Legal and athnioiststive RnforniatiOD Rert of the trLgtecs 216 ststemeni of fintncial tiVitIeS Notes forming part of the finan¢iai statements 10117
THK PLYMOUTH ASTOR TRUST (VHS) REPORT AND FINANCIAL STATEMENTS 2026 LEGAL AND ADMINISTRATIVE INFORMATION Direetors P.R. Sallders {ChaiTmall) A. Bow2t¢r AP. &lbert M. Potts J. Randall C. RobiD80 B.G. Wan Honornry PregldeDt Alice Athr Regislered Office elo TC Bromhead Ltd Hargcombe Hous¢ l Darkl8ke View Plymouth PL6 7TL Bankers Solldtt)rs Lloyds TSB Battk Plc. 8 Royal Parade Plymouth PLI IHB GA Solicitors Gill Akatr HO$t 25 Lockyer Siteet P]YOuth PLI 2QW Investmewt Mallagers AceollMtaDts ' RBC Brewin Dolphin Brewill DtslphiD Lilljited 11-15 Dix's Field Exeter EXI IQA Northcott Tnunfield Devollsbire Villa 52 Stuart Road Stoke PIyllLouth PL3 4EE Barclays Wealth 14 Clyde Place Lane Glasgow G5 8DP
THE PLYMOUTH ASTOR TRUST IVHS) BEPORT OF THE TRUSTEFS The TTLLsLxs, who are also the directors of the charity for ihe purp)ses of the Companies ACL submii their annual report and the rinan¢ial statements for the year endcd 31 March 2026. TheTrusÈees have adopd the provisionsofthe Ststemettt of Recomrnendeil Prnctice (SORP}"Accounting and RewrtRngby ChaTities- (FRS 102) (secoyld edition-October2019) in prepaTsngthe annual report and finaD¢ia] statements of the ¢l)arÈiy. Referente and admiuistrtive detsill of tht chaiity, its Trnstees and dvlsers The Plytnouth Astor Trst (VHS) (abbreviated PAf) is a wmpany limited by gu8r8ntee (No. 02535755) in¢orp)rated in England aod Wales and is a Lfgistered clwity (Reg. No. l(KM1972). The directors of tbe eharitable co]Dpally are iLgTrustees forthe put[rfS ofcharitable law. Th¢ WD]paThy was fornwlykDOWll as VirginiaHouse Settlem¢llt. The B08Td 8Te elected from the membttship and Lser5 of PAT. All are apillted on a threeyear ThTrtatiOD b&%1 The of Trusie¢s has complete TtSWn5ibility for 5Tnpletnentillg our aims and objectives through the ¢ODtinuous deYelopm¢ni of p)li¢y and swaiegy. MediDgs are held regullY to perfom) these functions and monitor progress. To assist the BoaTdto wforni its dutiesthe¥e n)aybe. fromtirt to time, tssk 8roups thatatt advisory in nature gud T9rt to the Board. Phil Sallders (CbAiE). Anthony GiItr¢ Al¢xis Bowater. FAariDa Hoole (resigneo 1210&25), Cbrys RobiDSO Bethally Watn4 Meghao Potts and Jes8i¢a Randall lappoittted 26108125). One person ID the fol¢ ofTreasur¢r aod Sec• is rtitwd part4ime. supported by the Trustec& Me]nknbip of PAT 18 Iipen to indiv$ aod (AEall]sations who $llprt our Aim8 and Obicctives. Each rnenibels Liabitity is limi in ibe event of the eompany windillg up. to an a[>1 nol excttding £l. s¢r*rtU govtrnxttee #nd m#llagemenL The following 5tstetllent Should be read tO8ether wath the 1]ePendent exatt)ineT's rerx)rt ott Page 7 of the aecounts. This statement is Dde with a view to disttnguishing the rwtive re4nSibilitieS of the Board ond the Independent Examiner in lation to the accounts. &8 required by the Companie5 Act 2(X)6. The Board 8te required by the Companies Act21M)6 to pr¢par¢ a¢cowils for each fin8n¢ia] yeor which give a true al fair view of th¢ sitilation of PAT as at the eDd of the finallcial ye4T. 31 MaT¢L and of tFke illco]ne and s¢k¢t suitsble acltIng w]ici&s and arqjly thern coDsistentty. observe the metho(Ls a1 principles of the SORP IFRS 102) (s#ond aitioll- October 2019). state whether Appli1¢ a¢¢ounting Sta1 have been followe4L subject to any matuial departur disclosed and explained the acco1. prepare the accoullts on a going concern b&sis UDless it is tnappwriate presume tbat tbe charity will ntinve in operauon.
TEtE PLYMOtrrH ASTOR TRUST (VHS) IIEPORT OF ThE TRUSTEES The Board has resFK>DsJI)ilily for ensuTill8 that PAT keep5 prow accounlin8 records whi¢b disclose, wi¢h reasonable a¢¢uracy the fwancial position of the organisatioD at any tin)e attd whi¢h enabSe thern to ensure that the accounts cotnply with the provi5Fon ofthe Companits Acl 2. The Board has a genernl ztSPOD5Èbiliry for fcgll the 8&8ets of PAT and for taking Teasonable steps for the prevention and (t¢tKti4)n of fraud and any other wregu1ariti. 2.2 The tDajorrisk5 to whicb the Chatity 15 exposed continlle to be addres5d One of these risks is the age alld ¥end profile of the ¢xistÉng Board This has been address in receoi years with the eppointsnent of Alexis Bowater. Bcthany Warne, megba Potts aTLd Je&sica Randall TnLStees. Akn, the real value of PAT'S Brewin Dolphi Portfolio compared to a baselit)e is reyiewa demiiTJing the amoutjt of grants to be awarded to Charities and CoD)munity tnterest Group. Dividends cart from the Barelays Charity Fund are currentty used to fund5 bursaries for students studying early ye8ts educatiott at University of Plymouth. A Risk Register is maintaÈned to ther are CODfiicts (Trf inter&¢. FiD8lly, PAT'S COlts are subject to independellt examinatio We seek Trulle who have good busitie&s skills 8nd cOe fro alld have expttien¢e of. the volw)w, publi¢ alld comrnunity sectors. In additio]4 we are keen to apw)iTrt younger Tn who rnay bring fresh ideas and other skills such as public 110$ and social medi& TNst¢es ar¢ made awar¢ of theirr¢sp)nsibilities and provided with background it)forn?ation on PAT including the Oblective8 8Dd *ctivitt Ainy cstablisbedfor alEoraDyPUfjM)ses forthebenefitofthe iDhabitaDtsofthe ST]tton Ward ofpiymouth in p8rtrGui#r and the City of Plymouth in genernl which is now or hereafter m8y deemed by 18w ro be Charitable ond in particular the ttlief of ry)verty. dtstress aod Sickn8. the fi]rthernDCC of bealth the advancemeni of education and the PFOViSiOD of faciliti¢s in the inter¢sts of sociat welfare for recreation at&d leisure time occupation witb the objects of improytng the conditiOLS of life for the said iEthabit#llts and gtnaally to do all such lavthl acts and things as are incidentsl a[ condllcive to the attaiDment of these objec. In the dcyelopment of PAT io mecr this object we to the followtD8 aitDS and (l>jectives: To emhanee the well-being of communities and people in the City of Plymouth in general and the Ward of Suttoii by the provision of 8ervi¢es and facilities to promotr social jusiice. Welfa and V¢(lon in the areas of greate8t Objeciives To develop initiatives and sttviiysasappropriate in response to id¢ntifiedntt4 whcrevff $sible in G(weration with other agcnci&$ 8nd local orgatiisations. To encourdg¢ and spOrt th¢ d¢v¢lopm¢nt of volunw organisation& their TCes, staff. and volunteers. To engage iti a1 promote g(xxl L%)roty deYelopm¢nt practice. The Tn]stees baye considered th¢ le8d r4uirem that the charity is of public benefit and are Satisfi tha¢ the ¢barity does med the ctiteria required.
THE PLYMOtrTH ASTOR TRUST (VHS) REPORT OF IHE TRUSTEES M•ln a¢hl¢vem¢nts Th¢ Plyrnouth Astor Trust (VHS) has provided g¢nerou5 financial supFx)rt for styd¢nts relating to their interests in the ¢are and ucatiOn of young children {¢U ycars). In 2025-2026 bursaries are teing f)Jnded from dividends earned froin the Barclay5 Charity Fulld Porttolio. £5,865 ljas been transfer1 tt) University of Plymouth who pay the bursaries to sthdents. A totsl of ten sthdents bave beell &w8rded bur5arÉ&. The Plymouth AstorTru8t Ot0 8wordJJioney for to eb#rities and ComtiLunityth*rest Grow>s workitig withsn the ctty of Plymouth at its Board Meettng on 24 Febnwy 2026. Funding for these grants being generated by our incorne from PAT'S Brewill tk)]pbill InvesteElI Portfo]io 9d pmpaty rent21. The closing date 8[t applications was 31 May 2026. Subsequently, £44231.25 w&s awardcd to 30 local charities. There ts an event planned in September to preseTrt certifiixte5 to those who have kn awarded grants. The Register of IDt¢rests has been upthed. A new 5 year lease for40 Street IFriends and FaEnily of Speciaj Children) has been $i8lled off by PAT and the TTUStees of FFSC. The Dew leas¢ Cornm¢[Ment dat¢ w&9 backdated to l January 2025. The Board held an event at 3 Elliot Terrace ilk July 21Y25 to celebTrte the awarding of 39 8rants which totalled £30,{ to t([ charitits and organisations who Sup[ pwle in the Iwal area. The event was att¢Ted by the Lord Mayor of Plymoutty alongs2de Trsle¢S of PAT. Alice AstOT. Naucy A5toi'$ granddaught£r. fonner grant rec&pients attd an Astor S¢holarship re£Éptent along with grant recipients who sbared illsi8hts the legacy of Nancy Astor and the impact of grants. The Board ¢¢lebrat¢d th¢ ceDtenary of the Tntst in Decembet 2025 Ilg fOrnd by Nancy lady Astor in 1925, the event was attella by the Lord Mayor of Ptymouth, a deputy froED the IA>rd LieuteTMits Office, alongsjde Trusttts of PAT. Alice Astor. Nancy ASr'S graoddaugbw aod fomier Wlt wipÈents. It was decided by the Tnee$ that two addition21 centellary awards of £1.0 each would be wted ttk local organisations and that it would be appropriate to presens the awards to the Lord Mayor's chowi ¢hariti&s for this year, St Lukes Hospice and Children's wists.
THE PLYMoirrH ASTOR TRUST (VHS) REPORT OF THE TRUSTEES The nct a&sets of the charity at the year end are £1.464.289 after & revaluation gain of £89,509 on the investment portfolio in the year. The ntheÉ value of our equity investments at 31 March 2026 w&s £1,36l.754 and thi5 eorupares with a base cost of £1.145.606. The iDVeStment strategy pmidts income and capita5 growth to support the ttt¢s,0bJCCt1V¢s of helptng other local charitie5 and ¢ommuDity int¢rest (Wdnisations endovmlents and grallts. The bo& is con]]nitted ts their s(atsJry duty to the otg8llis8tioll's fitttue is secure. PAT has two inve6tmeftt portfolios. It continues tohold a Brewtn IJ)tphin Portfolio andthe Barclays Chairty Fllnd. PAT bas IpIcented all inve5tDwit sttategy in cOpani&S which are deellked to operate globally in an ethi¢al mat)ner. This is valid forboth these fitnds. PAT'S Brewill DolphJnp)rtfolÈo is equity and red ineome based with srnaller holdin8s in property, commltie¥ and c&8h. Geographically, the emph&8i5 is on American and Brit15h equÉiitt which constitute nearly 0/th of the FKbrtfolio. The Bar¢lays Ctjarity Fund is similarly a mu]ti asset and geographically diverse holding with near to 43% invested Èn equiÉies in developed Tn2rkets (USA. UK Europ¢), 2/ts it] equities in emerging m**ery a 20.OY. holth.ng in boods and IV/0 in other &ssets such as propety and Commodities. During the ye4F £32.iN)O was tsallsferted from PAT'S CUTTeDt account to Brewin Dolphin for investtneDL Irtcome was generated from investments and property rentsl. DividMd5 receivable from Brewi Dolptjiti inyestmeut tKbrtfo]io wcre £19.007.95 al dividen(ts and intetesi from (be Barclays Charity Fund invesÉment portfolio were £5.704.70. Rentsl Incolne from Tops Nw. 30 IAXK Street and Fricnds and Families at 40 L(M)e Street Wa5 £30,¢YJO. There a review of PAT'S financial position at the beginning of 2025 which concluded that there had been an improvement in the real value of the Brewin Dolphin Portfolio compared w baseline 2006. Consequently. &t a pftvious PAT Board Meeting. it was decided that fhey would designate £30.IMM) for grattts to Charities and Cotnmwiity thter¢st Companies grants fotthwith. Ajso, Tntres agreed dividends recesved from th¢ Barclay8 Cbarity Futtd Portfolio would fund butsaties to early ye8ts Siudents at Univernity of Plymouth. lo April 2026, £5.865 w&5 t[aDS to University of PlOuth for this pur. The organisatioD'5 reserves are over threc categories. The capitsl fund SUprtS one pror£rty held a5 an investsnent and the second propffj used by a clwity provKding child¢are and nu25ery servi¢c5. A 99 year lease granted in 21J07 for 2'WJite rose- consideration in Ttyct of the second property. The endowmeftt fiM fixed 2É £110.0. is intended to help seture the futs]re of the ch8rtty and 18 not intended to be arl ¢xpend8bl¢ investment tn tern of reveoue utilisation. The unrestiicted fill is to provkde swffi¢i¢nt iD¢ome to supp)rt the athninistrdtion of the charity aDd provide sutTicient ittcome to the trustee's Obj(lY¢S of providing help in the local ¢ommuDity by the grantiDg of financial a&S]5taTe lo clwiti4 COEtllnuDity orgaDi58tiOD5 and students of University of PlymoutlL It sliouId lloted that the B8rcEay5 Clarity Fund are d&8igDated fim(Ls solely for tbe benefft of Plymouth University sllulents Stiykg the care aud education of young children {(N4 years) and coutd t¢ used to achieve otheT aims and objectives illcluded in PAT'S Memoranthim of Ass(Kiation.
THE PLYMOUTH ASTOR TRUST (VHS) REPORT OF TIIE TRUSTEES Isyues vlslnR followlDg Year Knd Wcndy GI1 thok over fTOTn Roger Brdt the currctlt Trea5UTcr and Secretary when he submitted his re5i8nation on 28 February 2025 and terminated his ¢mployment with PAT on 20 June 2025. 62 Hanllah Maddas fro GA So]icitor5 iDfoThned Phil Sanders that th¢ draft und¢rlease alld sid¢ letter for 40 IAJoe Street were fullY agre and signed with the invoice for backTent being sent FFSC. 63 A totsl of 39 grant applications were submitted reques¢ing ovex £l(K>.(KXJ in fimding. Following review by a suixomtnittee of Trnslets tssked with recoll]endIlls 8rnllt4 alld subsequltt approval at tbe Board Meeting on May 2(kh, £4423 I was awdrded to 30 charities and ¢omrnunity int¢rest groups. The Plymouth Astor Trust had rtteived £IO.000 douated by The Meadowbatlk Trst to 15t with the fulldin8 of grants. Thete is aneveniptaEULed for SeptembeT2026 at Elliot Ten7ce to celelxate Ébe award of 30 gE%llts to l(Kal chaTities gro. It is anticip&ed thai Ihe Lord Mayor and Con9)rt will attend alongside Alice Astor, granddaughteT of Nancy Lady Astor. 811 chwities were invtted to attend to celebrnte. Therewas an evellt in Dttember 2025 to Celebrate the Ily) yw¢enterny of th¢TrU being formedby theAsto thi5 event w&s held at Elliott TeTrdce and with knstees. sele£ted charities who receiv grdnts PTevi0Iy invÈted along with The tord Mayor amd COnry a deputy from Lorf Lieutenan¢'s Office and Alice Asior. A document that forni8 the b&si8 of a PAT handbTh)k including infornialion at4)ut finan. property, lea8e4 investments is being preparoj and will be i&sued to Trus*c5. Trusttts are of the view tb the document should ernb(Klyllre infOrntIon about th¢ hiSry 8ndlegacy ofiady AsloTin¢luding infornjationabout the oth¢r pla¢¢s in Plymourh with the llall Astor. This Teport has been pw8red havingtskell 2dvalltxge of the slljall eornpany's exemption in the Cottwies Aet 2(X)6. Signed on behalf of tbe Board of Mallagement 18 Atw]st2026 by: P.ILSande
THE PLYMoufH ASTOR TRUST (VHS) dependent ExAnthker's Rert to the Trustees of The Plymfjuth Astor (VHS) I rewrt to the charity trust¢es ¢)n my ¢xaminalion ofthe xcounts ofthe company for the year ended 31 March 2026 which are 8et out on pa8C5 8 to 17. Reiponsibilities *ttd hsii fjf report As the ch8rity trustees of the compw (and it8 dirtttors for the pvoN)8es of wmpany law) you 8xe re6p)n8ible for the preparntiou of the accounts cOrdance with the Tequirements of the Cotiw8nies Act 21M)6 ('the 2006 Act.). Having satisfied MY]fthattheaCttts ofthe companyarenotrequirtilto beauditedutthP#rt 16 of the 2006 Actandareelil)1e for independent &xainits0 I rqrt in respect of my cxamiDation of your company's attounts a5 conducted uuder section 145 of the Chartties Act 2011 ('the 2011 A¢t'). In conducting my examination, I haye followed the DItionS given by the ChaTity Commi&sion under section 145(5Mb) of the 2011 Act. lttdepeDdeDt Uatnln¢r'8 ¥tstrm¢Dt I have cotnpleted my exarn1natio I cfilM that DO matters have corae to tny attention ill ¢onn#tion with the examination givti me caw¢ to belteve that in ally material rwL ae¢oullting records w¢re twt kept tn Y¢spe¢t of thc (wany a5 rquid by 5CCtioll 386 of the 21M)6 Act or the a¢¢ounts (k) not a(xord with those reo)Tds' or the accouThts do tt comply with the accounting requimettts of section 396 of the 26 Act other any requirement that the accounts give a'tnje alld fair view. which is not affjatt¢r con5id¢r¢d as part of an indwdent examination; or th¢ aecounts have notbeenpr41ared illaccordancewiththe tnethodsand principles of the Statement of Recommended Practice for aerowiting and repDrtiDg by charities 8pplithl¢ lo ¢barities preparing their accounts ill acc4)rdan¢¢ with the Fin¢18> Reporting Standard applicabLe in the UK and Repub]ic of Ireland (FRS 102). I hav¢ no concerns alldhave come no other m2ttets in e4muectiOn Wsth the eumination to wbich ats¢ntion should be drawn in this rert to enable a understrnding of the to be reached. 4?? Glly lan Northcott FCN B$c(Econ) Hon4 Dch Northcott Trumfield Ch4rtered Accomnlxnts Devonshlre Vllla 52 Stuart Road Stoke Ptymouth PL3 4£E Datt: 18 Augllst 2026
THE PLYMOUTH ASTOR TRUST (VHS) STATEMENf OF FINANCIAL ACTtvtTtES (tllcludin8 Incotne aud Expendiknwe Account} FOR THE YEAR ENDED 31 NIARCH 2026 2026 Unrestricted Restri¢t¢d Endowment Notes Fulld8 Fun(L8 Funds 2025 Total Total Ineorne And endowellts from". Illvcstmeryts Donations 54,718 54.718 53,929 Total income eDdoprnients 54,718 54.718 53,929 Expenditure on: Raising funds Clwitable act[tieS 8.905 48 56 8,905 8,407 Total expeDdÉthre Net incomel(eipendlture) and llet movement In funds before gain510•sses) OD Investmentg (2.443) {2,443) 29,473 Net gainl(los8cs} on investrnents 12 89.509 15.812 Net incomel(expelldltllrt) 87.066 87.066 13.661 Transfer5 betweeD fwids Other recognised galnsloosses) Net movement ID funds 12 87.066 87.066 13,661 Reconriliation of funds: Total funds brought fonvard 12 980.223 287.IK)O I iO.(M)O 1.377.223 1,363,562 Total carried forward 12 1,067,289 287.000 I io,IM) 1.464 289 1377 223 AII income aod eXtlture derive from COnlinuiD8 tIVities. The statement of financial activiues includes all 8aiD5 losses reWgnls during the year.
THE PLYMOtrrH ASTOR TRUST (VHS) BAIANCE SHEET AT 31 MARCII 2026 Niyte 2026 2025 ¢ s8dy Tangible assets luvestments 101.513 1.361.754 101,o(N) 1,267,664 Crrent Sets Debtors Cash at bank and in haDd io 1,162 898 I4.(] 16.801 Credltors: Amowits falling due within ooe year li 42 Net eurrtnt Sets Total ets less current liabiliknes 1,464,289 1,377,223 Net assets 1377 223 Capltal Restricted fun(L¥ 12 287.0(Kl 287,000 Endowments 12 IiO.(MM) IiO.(MM) Incomt Unrestricted fim(Ls Revaluation reseEV¢ DcBigDated fund 12 12 12 804,142 228.916 34.231 811,161 139,062 30,0(X) Tot1 elwity funds 1.464,289 1,377.223 Forthe year ended 31 MaTch 2026 the conwy was entided to exemption from alI1 under sectton 477 of the Comp& Ad 20 relating to sn)a]I companies. Dire¢tt)rs' responsiTriilities: The memEErs have not requAred the eompaDy to obtsiD an awli¢ of its accounts for Ihe yw in questioll in accordance with section 476. The dtre¢tors a¢knowledge their respoDsibilities for¢omptyiDg wtth the reqll1rents of the Companies Act 2(K)6 with respect to accounting records and the preparation of aceovllts. The wLounts havE been prepared io ac¢ordanc¢ with the provi%ioDS applicable to c4)mpaw£s subject to the small company's regime. These financial staternents w¢ approva and authorised f(yr issue by the Board of TnLStees on 18 August 2026 and were sigts on their behalf by.. Pji. S8ndets.' Director Ctsmpany No.112535755 The notes on pageg 10 to 17 forni fv of these accqwnts.
THE PLYMOtrrH ASTOR TRUST (VHS) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026 Summary of significant actDanting policies (a) Gener1 lttfomatlo and basis of prepargthn The POllth A5for Tru (VHS) is an individual company limited by guardDttt Tt8iStered in Ellg18nd in the United Kingdom. In the event of the ¢Fty bell wowid up, the liabfftIity in respect of the guardntee is limited to £1 permember of the charity. The address of the registered office is given in the ebarity iDfornMtiononpage l of these finan¢ial sthternts. The nattwe of the charity's operations and PTincipal a¢ttvities a. (hr M¢mowidwu 8nd Articles of AslatiOn state that PAT is: ¢*ablislKdforaU orany pu forthebenefitofthe iDbabItOfthe Sutton Ward ofPIJTnouth inp8rliculaT and the City of Plymouth ID general whicb is now or hereafter may be deemed by law to be charitable aod i particular the relief of tK>verty, distress and sickne4 th¢ furtherance of h¢altb and the advancement of thcation and the provision of facilities in the interests of so¢ial welfaTE for rrfteation and leisure time occupation with the objects of itnproviD8 the collditio of life for the satd ijthabitants and genetally to do all such lawful acts #nd things as are incidentsl and Conducive kn the auainment of these Obj.. the deYelq)ment of PAT to meet this Obj we w{k to th¢ ftjllowiug aim6 and objectiv¢& To eDhallee tbe well4)eiDg of comE[tutieS and people io the City of Plymouth iu general and tbe W8rd of Sutton particularby the provision of SeICe$ alld facilities topronLOte social justic< welfare. 2nd education in theareas of greatest D£e£L Th¢ finanriat stattts arc prepared OD a 80in8 concern b&sis under the histortc cost convention. nK)dified to inolud¢ tain it¢ms at fairvalu¢. The charity constiti]t&8 a publi¢ tgnefit entity as defiDed by FRS102.The finat]C1 ststements have tgeD preped in accordance with Accounting and ReIng by Charitics." SweTnellt of RecoTnmcnded Practice applieable to charities prepariug theiz accounts in accordan(% with the Financi Reporting Stsndard applicable in the UK alld Republie of Ir¢land (FRS 102) (second edition- October 2019k the Financial R4K)rting Standard applicable in the United Kingdo and Republtc of tland (FRS 102). the Compankes Act 21J06 and UK Gener&Uy Accepted Prncti¢¢ as it applies from l Jaouary 2015. The financial Sthtenwtsarepr¢pa{0oag01ng¢0nceM basis as thetruste¢s believethatnomaterial unceJtsiDties exisL The fitsaD¢i81 stAtrmellts are prq>ared in sterling which isthe fuTK#ioDal cutrency of the charity and rounded to the nearest £1. The signifirdntaecountiugpolic1esappli in theprepardtion ofthese finanual statementsaresetoutbelow. Th¢8¢ polictes have been ¢OllSiStrntly applied ro 411 years presented uTrltss otherwise slated. (b) General funds art unrestricted funds whicb are available for use at the discretion of the TrusiEes ID firance or the general objectiv&s of the charity and which have not bttn designated for other purp5)ses. Designated fimds cowrise UDT£stricted fimds that hav¢ been set 8side by tbe Trnstees for PUTposes. The aim alld us¢ of ¢ach desiated fiu)d is set out in the to the fillallcial slatellnts. Resticted are fimds which ate to be used in aceotdance with specifie restrictrons irnposed by donor4 or which have FKen rnisd by the charity forp8rticular purposes. EndoMThentfvnds reprtserrt those which must be held pernrtlY by the ¢h8rity, principally inveBtments. Income arising (m the endowment funds ¢an be used accordance Trith the objects of the Chlty and is 1clUd as unrestricted ittcottte. ADY capttsl gains or l(w arÉsing on the invesunents forni p8rt of the fun¢L IDv¢sfment in(x)me and gains are allocated to thc apppriate 10
THE PLYMoufH ASTOR TRUST (VHS) NOTES TO THE FtNANCIAL STATEMEKrs FOR THE YEAR ENDED 31 MARCH 2026 (¢) Incom¢ r¢togAltlon All incoming resources are included the SOFA when the ¢hariiy is legally eniiiled to the Income, and the amount can be quantified with llable accuracy. For legacie& entidemenl is the earlier of tbe charity being notified of an i]npending distribution orthe legw being rKe1v. GÉfts ill kinddonatedfordisth7)uti¢)D 8re includedat valuation andrQguised as income when they are distributed to th¢ proj¢cts. Gifts donated ftir resale inchKied as incorne when they aTe sold. Donated facilitie8 art includal the value to the clwity where this be quantifie4 and a third paty is bearing the ¢osL No amounts are included Èn th¢ fllwA¢ial ststements for seThices donated by volulltee Inc4)mio8 resourtts are only d¢ferred svhen th¢ incotue 15 fora fure lod a0Th&S irnposed collditiODS which must be S&tisfi ptiorto the cbarity baviD8 entitlement to the incom¢. Expelldtre reeogMIIIo Re80ur¢es eXndj are rttogDised in the peTi(Ml in svhich they are incUe(L Resources expended inclllde altributsble VAT which caDnot be rever& Charitable expendiDJte and thittation cosrs c4)mPrige diTe£t expenditure including d&rect staff costs attributable to the Bctivity. Support costs inchEde ¢entral ¢osts and have beets allocated to artivity Cost calegorie5 on a basis co]tsi5tent with e of Ttsources. GoYenw2cc costs are identified costs alated with tOry ¢on$ttlutional requirements. Grfints Yable are cllarged ID the yearwhen th¢ offer is nVeYed to the recipient except in those (x8es where the offeris conditional. surh grdnts being recognised expendIttewhenthe¢0uditiOn$8ttaOhitig fvlfilled. GTants offered subject to conSitions whichbave Ilbe¢ll¢t at the yearend are noted &5 ini¢DtioD but wt accru¢d 88 expenditure. (e) Flxed syets and depreuation FTe¢hold propcrkne5: No depreciation is charged on these properties &$ the lives of the properties aTe $0 long and the rcsidual vahS based ¢m c41St or subsequent reva]uatioll to be bigh enough to ellsure there is no sigttifieant annuai deprlatiOn. Freehold land is t depreciated. Annual review tske8 plea8e to es¢abli8h any permanent di1Ution ill vatuts of fix1 &ssets. Ikpreci&tion is pmvidtd to write off the of fix &ssets in equal instalments OV their e8t]ntea useful ecottomic lif¢. The estimated u5efid lives are as follows: Fr¢¢hold and L¢&5ehold L•lld and Bulldwgs are inclth at the directors. best estimate of th¢ market vatu¢. Equipment 2(PA straight line (fj lttveitments Investsnents held as rtxed &gsets ar¢ recognised illitially at fair value wbich ts Trornjally the ts7]Js&ctioft price ex¢luding transactiott cost5. knvcsttnej are held priowily Cor arl inv¢stm¢nt rdw Subsequetrtty thcy aEE rncLwred at fair value with cb8nge8 reeognised in net gain&qosses on investtnents in the SOFA if the shar¢s ar¢ publi¢ty tradelj or their forvakne call be otherwise measured reliabty. (g) Debtors al credAtors recetvabl&pyablE withi4 Dne year Debton and creditors with no 5tsted inierest raL¢ aDd receivable or payable withiti one year are recorded at trallsa£tiOll price. Any lo arising from impairnient a recognised in expenditure.
THE PLYMOUTH ASTOR TRUST (VHS) NOTES TO THE FINANCIAL STATEPs FOR IHE YEAR ENDED 31 MARCH 2026 (h) Cash at bank and im bamd CA5h at bank and cash in include5 cash #nd short ¢emi highly laquid investments with a short maturity of three rnonths or from th¢ d¥te of a¢qui5ition or opening of the derx>sit or similar account. FiTrAncig1 iDStrnments The charity onty h&8 fitjancial assets ar financi31 liabilities of a kind that qualify as b&sic financial instrumen B&sic fitmncial iSts11ellts are illitially recowsed at ttansa¢tion Yalue and subsequently measured at tbeir setttemeDt value except for baDk loans whith are suFwuently meed at atttortised cost th¢ effective interest method. tnwm¢ #Dd endoTrYmettts urestriCted 2026 2025 Totsl Tottl Dividends and iDt¢r¢st re¢¢fftvable Property illcotllt 24,718 30,000 23,929 30.0 53,929 Exp¢nditllr¢ 2026 Totsl 2025 Toral RalsingfvpS Invesknent DW)agerfees Chariittble 6¢riMri Grant rnakillg artiviiies.. Furtherdllce of health alld gla1 well]ng Advancement ofethcation (University of Ptymouth) AlleY110ll of p)verty 31,998 5.865 5.3(X) Supptsrt ¢wts Wa8e8 Insurance Postage. statiomery. and document disposal Travel, traiDiDg, subsAstence, and welfare Marketit)g Le8al Propety Consulting Fee5 Depre¢iatio 4.500 1,250 46 597 4.320 1.229 21 455 217 1,867 1,800 1,468 256 Goveniance dewdent Examinatio 876 840 CbarÉtable acLivities 48 56 16049 12
THE PLYMOtrrH ASTOR TRUST (VHS) NOTES TO THE FINANCIAL STATENIENrs FOR THE YEAK ENDED 31 MARCH 2026 Grnnts futhdlng ol*rtlthles 2026 Grats to ltis¢ÉbJtions 2025 Grants lo lJ)stitutions No. Choriiobleoctivities Grant rn1g acriviti¢s: Furth¢rattee of bealth attd soci8lwe]Ibetng Educatio 31,998 5.865 41 5,3(KJ 37,863 42 5,300 ID year ending 31 March 2026 butsoric5 wcre fiJndrA fiurn dividend5 earned from the Barclay5 ChaTity Fund Portfolio. £5,865 been transfeed to University of Plymouth who pay the bwsaries to StUdell A totsl of t¢ll students were awarded bwsarie& et Ineomel(e4)endltll) for the ye 2026 2025 Th¢ n¢t Inconexpe0dlthI for th¢ year is ststal aftw chargi. Governance costs: Independent Examination ProfiV(loss) oll fair Yah movemelll of inVesthnts 876 89.509 840 (15.812) Staff nwllbers Alld eosts The Average llnthlY tllLTnber of employees duriDg the ye4r (¢x¢ludiDg Tn&¢es) by fimdion wos: 2026 2025 ChaTitable aclivities: The staff costs in [&5 of thae ernploy¢¢s were as follows: 2026 2025 Wage No empEoyee earned £60,(K)O p¢r aDnwD or okor None of the Trustees or pcr50ns conuected with them received any eDM)luments or expenses during the year. The total amowii otcnwloyee bcllefits received by key Maaent personnel is £Dil (225. nil). The tn considers its Taxation As a ¢harity, the compatty bas takell advaotage of the cxewiion5 froD7 taxation 8vailable under S505 IDcome aAd corpOtion Taxes Act 1988 or section 252 of the Taxation of Chaoeable Gain5 Act 1992 to the extent that thest are pplied to its cbartable objects. 13
THE PLYMOtrrH ASTOR TRUST (VHS) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 h£4RCH 2026 TaUb]e ltstd assets Fr¢¢hold Land and Buildings IDng Leasehold Equipment Total COST OR VALUATION At I ApTiI 2025 AdditioDS at cost At 31 March 2026 100.(Mx) 6.838 769 107,838 769 iOO.(KJO DEPRECIATION At l April 2025 Charge for the y At 31 Marrh 2026 6,838 256 6,838 256 NET BOOK VALUE At l Apnl 2025 loo.) ioi.lM)O At 31 March 2026 5l3 101513 The tsitstees re-value the assets periodicAlly as to th¢irbest estin]ats of the opell nrket value of the propertie5. Freehold LWMI and Buildings consists 0£. the propertyat 24 Hoe Stree¢The Hoe. Plymouth.which is occupiedbytheMar8arerMcMillanNw8ery (Margar¢l Mcmillan Limited Reg. No. 1118357). In accordance wÈth th¢ wisb¢s orWdorf8nd Nancy Astor, who gifted The Plymouth AsrTruSt IVHS)with thepr¢miw known as 24 Hoe Strecl those premises are letto the MaT8aret Mcmillan Nursery School. an indepelldetrt ctwity, on a rent free basi5 for as l¢)ttg as the s¢bool ¢ot)iittues to fulfil its cbarithble purpo. The existing leas¢ is for 99 years commeociog on 29 April 21X)2 and expiring on 28 April 2101. Use of Assets: Freehold Long Land and IAthld Fquipm¢nt Buitdings 2026 Totsl Mcmillan Nursery S¢bool (Reg. no. l 118357) Friends & Falllily of Spla1 Children (Reg. DO. 1114&)2) i.(K)o i(N),(x)o 513 513 513 101.513 14
THE PLYMOtJTH AsfoR TRUST (VHS) NOTES TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MAkCH 2026 Investments Freehold Prop¢ty Listed Portfolio 2026 Total 2025 Total Brewin Dolphi Cost or market Vah at l April 2025 AdditÉons at rost Disposal proceeds Net G&inl(Loss) on teyaluation at year end 286.LKK) 807.279 246.438 (241JOII 76297 1,093,279 1070,172 246.438 245.366 (241,301) (206,3171 76297 (15.942} Markd value at 3 l Makn 2026 889 343 1 175 343 1093 279 Historic cost-wrfoiio 1010038 The freehold prorty at 30 LAMJe str Bretonside, Plymouth is used for nursery servtces by a separate organisatio Listed Portfolio 2026 2025 Total Barcl8yg Ch•rlty FuDd Cost or rnatket V81ue at 31 March 2025 Addttions ai cost Dtsposal proceeds Net GaiDI(IA)ss) on revaiuati¢)n at yw end 174J86 174J86 174.699 (557) 12582 (557) 12582 (443) 130 Market value at 31 March 21Y26 186411 186,411 174.386 Historic cost- porrfolio 135568 135,568 135.990 Jnvesltllts are pri[Dty h¢ld for an inv¢slm¢nt rettmL Debto 2026 2025 Other debtors ii. Creditor5: Amowits falling due within one ytxr 2026 2025 Trade creditois 3,536 9J02 3.537 4,705 13.038 8242 15
THE PLYMOiryH ASTOR TRUST (VHS) NOTES TO THE FINANCIAL STATEMEKts FOR THE YEAR ENDED 31 MARCH 2026 IL Statement orruDds At l April 2025 At 31 MaKh 2026 Income Ex[dibe TrdDsfers Revaluation Profits Unrestri¢ted fuDds Revaluation tEserve Designated fimds PeTtTkan¢nt Endowmcnt fid8 Capita] funds 811.161 I39,(2 30.1KN) I10,(MM) 287.LXK) 54.718 (19298) {119.180) 77,086 42.094 89.509 816.910 216,148 34.231 I iO.(N)O 287,(M)O (37.863) 1377223 54718 89 09 1464 289 At l April 2024 At 31 March 2025 aad Incom¢ pendItuTe Transfers Revalualion Profrts unstrICt¢d fijllds Revalu3tion rEserve DesigDated fimds Permanent Endowment fimds Capital funds 801.964 164.598 53.929 (19,156) (35J(K)) 9,724 (25.536) 811,161 139,062 30,0(X) I10,0) 287,0(KJ (SJOO) 35J(K) 287.(KN) 1377 223 Unrestrictcd Fuods r¢pr¢s¢llt the provisiots of Servi facilitie4 Sla1 Lwe and comMty dev¢lopmeDt. DesT8nated Funds repTes¢nt fimds the board have allocatsj for gtaDts See section 4.1 4.2 for details of awards. The Endowmellt Fulld establish ID 19x1 I by the charity trllS kn aca]mulate lld¢r c8Pitat groTth until £1 10,( iJ value at minimwn iMd betn acbieyed and was eatablished to Provide a and predictable 5tr¢am of income for the charity. Th¢ Capital Fundg Teprtsent the value of the prot*rty known as 24 Hoe Street. Plymouth. which was endowed kn The Plytflouth AsÉorTrustlVHS) by WaldorfaodNan¢y knrwbo w151d that th08eprei5es are letto theMar8aret M¢Mi118D Nursery School, att ijjdependent cbartty, on a r¢ot free b&sis for as long as the school contlllues to fulfjl its charitable purposes. A 99 year lease was granied in 21Y)7 to the trustees of the Margaret Mcmillan Nws¢ry S¢hool ott similar ternLs to those previously in plac& The chariry's res1thl inierest is valued at £l.lJOO. Jn addition. the Restricted CapitLI Fund8 includc3 £286.IKKI which w8s gmted in the yw ended 31 March 1998 to the cbarity from thecornrnunity Fllnd (forn]erly known as theNatio]Mi L4)ttery Cbarttics Bosrd) spe£]fiClYto purchase office equipmeoi furnittI re1$1]mellt C05Ls alld professiooal fees for th¢ purpose of developing the Redwood Family Centre at 30 Looe str Pl)ryn0th. The gron¢ tern and Conditions expired 10 ye4r5 from 8CqUlSjtion and 1$ repayable upon denwjd SIWld the charity bch the condiiions tIreAL This paYment period bas now expired bui approval musi be sought if the propety is sold ¢)r used as serwity. 16
THE PLYMoirrH ASTOR TRUST (VHS) NOTES TO THE FtNANCtAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2026 13. Analy515 of funds Reyaluatioll Ullrestricted Designakd Reserve Funds Fund Capital Funds Endowmellt Funds Totsl Tangible fred a&sets Investments Net current assets 100.513 749,606 1,022 101,513 1.361.754 1.022 216.148 286.000 I iO.(K)O Totsl t)et weL8 851 141 287,000 1464,289 14. Sh4re capital The Company is a cotnp8ny Ixmited by gi11T¥ with no share c4Jitsl. Th¢ Itability of the members is limited to £1 per meTnber. 15. The cbaTityh&s a 125 year lease, gianted in 2(MJ4, on thcwnd fir of part of 40 IAK>e Strtttunder a peppercorn rent. 16. Trvstre remuner•tlon 17. Relsted party tr4nsa¢tlons There weTe no related party tt8nSaCtions. 17