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 M*reh 2026

THE PLYMoirrH ASTOR TRUST (VHS)
REPOkT AND FINANCIAL STATEMENrs
FOR THE YEAR ENDED 31 MARCH 2026
CONTENTS
Page
Legal and athnioiststive RnforniatiOD
Re￿rt 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 Aka￿tr HO￿$t
25 Lockyer Siteet
P]Y￿Outh
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 adop*d 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 admiuistr*tive detsill of tht chaiity, its Trnstees and *dvlsers
The Plytnouth Astor Tr￿st (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[rf￿S ofcharitable law. Th¢ WD]paThy was fornwlykDOWll as VirginiaHouse
Settlem¢llt.
The B08Td 8Te elected from the membttship and Lser5 of PAT. All are ap￿illted 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 regul￿lY 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 T9￿rt 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 $llp￿rt 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 D￿de with a view to disttnguishing the rwtive re4￿nSibilitieS 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 ac￿l￿tIng w]ici&s and arqjly thern coDsistentty.
observe the metho(Ls a￿1 principles of the SORP IFRS 102) (s#ond aitioll- October 2019).
state whether Appli￿1¢ 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 de*miiTJing 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 ￿CO￿lts are subject to independellt examinatio
We seek Trulle￿ who have good busitie&s skills 8nd cO￿e 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 ￿1￿10￿$ 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 Sickn￿8. 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 s￿pOrt th¢ d¢v¢lopm¢nt of volunw organisation& their T￿￿Ces, staff. and volunteers.
To engage iti a￿1 promote g(xxl L%)ro￿ty 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 transfer￿1 tt) University of Plymouth who pay
the bursaries to sthdents. A totsl of ten sthdents bave beell &w8rded bur5arÉ&.
The Plymouth AstorTru8t O￿t0 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 Invest￿eElI Portfo]io 9￿d 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 $i8lled off by PAT and
the TTUStees of FFSC. The Dew leas¢ Cornm¢[￿Ment dat¢ w&9 backdated to l January 2025.
The Board held an event at 3 Elliot Terrace ilk July 21Y25 to celebTrte the awarding of 39 8rants which totalled
£30,{￿ to t(￿[ charitits and organisations who Sup[￿ pwle in the Iwal area. The event was att¢T￿ed by the
Lord Mayor of Plymoutty alongs2de Tr￿sle¢S of PAT. Alice AstOT. Naucy A5toi'$ 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 I￿l￿g fOrn￿d 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 AS￿r'S graoddaugbw aod fomier Wlt wipÈents. It was decided by the
Tn￿ee$ 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 wist￿s.

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 t￿￿tt¢s,0bJCCt1V¢s of helptng other local charitie5 and ¢ommuDity int¢rest (Wdnisations endovmlents and
grallts. The bo&￿ is con]]nitted ts their s(atsJ￿ry 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 I￿pIc￿ented all inve5tDwit sttategy in cO￿pani&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 r￿ed ineome based with
srnaller holdin8s in property, comm￿ltie¥ 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, Tn￿tres 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 Pl￿￿Outh for this pur￿￿.
The organisatioD'5 reserves are over threc categories. The capitsl fund SUp￿rtS 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]5taT￿e 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 Sti￿y￿kg 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 fu￿llY 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 Tr￿st 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 PTevi0￿￿Iy invÈted
along with The tord Mayor amd COn￿ry 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(Klyll￿re infOrn￿tIon about th¢ hiS￿ry 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 Re￿rt 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￿]fthatthea￿C￿ttts ofthe companyarenotrequirtilto beauditedutthP#rt 16 of the 2006 Actandareeli￿l)1e
for independent &xaini￿ts0￿ I rq￿rt 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 DI￿tionS 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 c￿filM 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 rqui￿d by 5CCtioll 386 of the 21M)6 Act or
the a¢¢ounts (k) not a(xord with those reo)Tds' or
the accouThts do t￿t comply with the accounting requimettts of section 396 of the 2￿6 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 re￿rt 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 endow￿ellts 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 eXt￿lture 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
C￿rrent ￿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)
Tot*1 elwity funds
1.464,289
1,377.223
Forthe year ended 31 MaTch 2026 the conwy was entided to exemption from a￿lI1 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 reqll1ren￿ts 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)
Gener*1 lttfomatlo* and basis of prepargthn
The P￿￿Ollth A5for Tru￿ (VHS) is an individual company limited by guardDttt Tt8iStered in Ellg18nd in the
United Kingdom. In the event of the ¢F￿￿ty 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 sthtern￿ts. The nattwe of the charity's operations and PTincipal a¢ttvities a￿.
(hr M¢mowidwu 8nd Articles of As￿latiOn state that PAT is:
¢*ablislKdforaU orany pu￿ forthebenefitofthe iDbabIt￿Ofthe 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[tu￿tieS and people io the City of Plymouth iu general and tbe W8rd of Sutton
particularby the provision of Se￿ICe$ alld facilities topronLOte social justic< welfare. 2nd education in theareas
of greatest D£e£L
Th¢ finanriat statt￿￿ts 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 prep￿ed
in accordance with Accounting and Re￿Ing 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 fi￿rance 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 desi￿ated fiu)d is set out in the to the fillallcial slatell￿nts.
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 pern￿r￿tlY by the ¢h8rity, principally inveBtments.
Income arising (m the endowment funds ¢an be used accordance Trith the objects of the Ch￿lty and is 1￿clUd
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 app￿priate
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 andr￿Qguised 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 fu￿re ￿lod a￿￿0Th&S irnposed collditiODS which
must be S&tisfi￿ ptiorto the cbarity baviD8 entitlement to the incom¢.
Expelldt￿re reeogMIIIo
Re80ur¢es eX￿nd￿j are rttogDised in the peTi(Ml in svhich they are incU￿e(L Resources expended inclllde
altributsble VAT which caDnot be re￿ver& Charitable expendiDJte and thi￿ttation 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 a￿lated 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￿ expendItt￿ewhenthe¢0uditiOn$8ttaOhitig fvlfilled. GTants
offered subject to con*Sitions whichbave I￿lbe¢ll￿¢t at the yearend are noted &5 ini¢DtioD but wt accru¢d 88
expenditure.
(e)
Flxed *syets and depreuation
FTe¢hold propcrkne5: No depreciation is charged on these properties &$ the lives of the properties aTe $0 long and
the rcsidual vah￿S based ¢m c41St or subsequent reva]uatioll to be bigh enough to ellsure there is no sigttifieant
annuai depr￿latiOn. Freehold land is ￿t depreciated. Annual review tske8 plea8e to es¢abli8h any permanent
di￿1￿Ution ill vatuts of fix￿1 &ssets.
Ikpreci&tion is pmvidtd to write off the of fix￿ &ssets in equal instalments OV￿ their e8t]n￿tea
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 STATEP￿s
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 i￿Sts1￿1ellts are illitially recowsed at ttansa¢tion Yalue and subsequently measured at tbeir
setttemeDt value except for baDk loans whith are suFwuently me￿￿ed at atttortised cost th¢ effective
interest method.
tnwm¢ #Dd endoTrYmettts
u￿restriCted
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
Ralsingfvp￿S
Invesknent DW)agerfees
Chariittble 6¢riMri
Grant rnakillg artiviiies..
Furtherdllce of health alld g￿la1 well￿]ng
Advancement ofethcation (University of Ptymouth)
AlleY1￿10ll 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
Gra￿ts to ltis¢ÉbJtions
2025
Grants lo lJ)stitutions
No.
Choriiobleoctivities
Grant rn￿1￿g 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 transfe￿ed 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 Incon￿expe0dlthI￿ for th¢ year is ststal aftw chargi￿.
Governance costs: Independent Examination
ProfiV(loss) oll fair Yah￿ movemelll of inVesth￿nts
876
89.509
840
(15.812)
Staff nwllbers Alld eosts
The Average ll￿nthlY 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 Ma￿a￿ent personnel is £Dil (2￿25. nil). The tn￿ considers its
Taxation
As a ¢harity, the compatty bas takell advaotage of the cxewiion5 froD7 taxation 8vailable under S505 IDcome aAd
corpO￿tion 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
TaU￿b]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 n￿rket 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 orW￿dorf8nd Nancy Astor, who gifted
The Plymouth As￿rTruSt 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 Sp￿la1 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 Ma￿kn 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
Jnvesl￿tllts are pri[D￿ty 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[￿dib￿e TrdDsfers Revaluation
Profits
Unrestri¢ted fuDds
Revaluation tEserve
Designated fimds
PeTtTkan¢nt Endowmcnt fi￿d8
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
un￿strICt¢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 S￿la1 Lwe and comM￿ty 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 groT￿th 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 w151￿d that th08epre￿i5es 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 res1th￿l 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£]fiC￿lYto purchase office
equipmeoi furnittI￿ re￿￿1$1]mellt C05Ls alld professiooal fees for th¢ purpose of developing the Redwood Family Centre
at 30 Looe str￿ Pl)ryn0￿th. The gron¢ tern￿ and Conditions expired 10 ye4r5 from 8CqUlSjtion and 1$ repayable upon
denwjd SIW￿ld the charity b￿ch the condiiions tI￿reAL 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 fi￿r 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