2024-03-31-accounts

REGISTERED COMPANY NUMBER: 03890341 (Èngland aD.d Wales) REGISTERED CHAkiTY NUMBEIL" 1079458 ort of the Trustees and dltod Flnanclal Statements ForTho Yo rEn 24 or Promo in nlnP outh Prevlou81 known as The Pl mout Drake Found tlo TC Bromhead Limited Harscombe House 1 Darklak8 View Plymouth Devon PL6 7TL

motin Children In Pl Ih revrousl known as The Pl mo h Drake Found tion Contonts of Flnancl I tatem or Th8 Year Ended 31 March 2024 Pago Refgronce and Admlnlstratlvo Detalls Report of tha Tw$tee8 Indopondent Examlnerf8 Report Statomgnt of Financlal Aetivltlos 10 Balane& Shoot Notes to tho Flnancial Statements 12 to 20 Detailod 8tal•m•nt of Èinan¢lal Actlvltle8 21 to 22

Promotin Children in Pl mouth known as Tho Pl mouth Drak8 Foundatlon revious trat For The Year Ended 31 Mar TRUSTEES S P88rce {resigned 13.3.24} Rev S Phllpott (resigned 13.3.24) C Steel S Patay Mrs E Bleazard N A Th8yer hA J Boon (resigned 20.11.23) Mrs V Frènch M West, Chalr C L Jones {appointod 20.11.23) A Croney (appolnted 20.11.23) L D Selble {appolnted 20.11.231 COMPANY SECRETARY C Perry REGISTERED OFFICE Plymouth Sclence Park 1 Davy Road Darriford Plymouth Devon PL6 88X REGISTERED COMPANY NUMBER 03890341 (England and Wal8s) REGISTERED CHARITY NUMBER 1079458 INDEPENDEKf EXAMINER TC Bromhead Limited Harscombe Hous8 1 Darklake View Plyrnouth Devon PL6 7TL Page 1

Promotin Children in Pl moulh wnasTheP mouth Orak F revio datlon Trus 1 M r¢h 2024 e Year Ended The trustees who are also directors of Ihe charity for the purp08a8 of th8 Companies Act 2006. present their report wlth the financial statements of the charity for th8 y8ar ended 31 March 2024. The trustees havo adopted the provisions of Accounting and Reporting by Charities: Ststemenl of Recommended Practice applicable to charltles preparing th81r accounts in accordanc8 ￿th th6 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (eff8Ctive 1 January 20191. Thè trusteÈs' report also contains a dlrectors, report as required by company law. Chalrfs Report Far Tho Yoar Ended 31 Mareh 2024 It is with great pleasure that I can advlse that thls Is my 188t rerM)rt for The Plymouth Drake Foundation. Following the continued succ8s8 and expansion of our work to improv8 th8 Ilves and prospects of disathantaged children In P1Yrr￿uth, the Trustses have spent tim8 constd8ring all aspects of th8 chartty, in particular, its future dir8Ction and prlme purpos8. This review det8mined a noed to chang8 the name of the charlty and to rgplace Th Plymouth Drake Foundation" with "Promotlng Chlldrgn in Plymouth" whlch is thg name prevl¢Jusly adopted for the campaign that now represents the major part of the work of the ¢harity. The decision to change the name of the charlty was taken at the AGM h8ld on November 2023 where a 8pecl81 resolutlon wa8 passed that has 8nabled a request to be mada to tha Charity Comml8slon for the change to be affecbd. Once approved, 8 slmilar r8quast wlll be submitted to Companies House in order to complete the Iransition and enable all of th8 n8C888ary notlfications and other change5 to be implemented. Tha doc18ions made during the past year have been momentous for th& charity due in no sm811 part to th8 drive and commitment of its Tru3tees. I must record our thanks and apprèciation lo Preb8ndary Father Sam Philpott MBE and lo former Asslstant Chief Const8bla Stevan Péarce QPM DL, who both stood down as Trustee5 recently for personal reasons and both of whom were our longest seNlng truste8s, joinlng the Board when The Plymouth Dr8k8 Foundatlon was formed In 2008. Throughoul thelr Involvement they have been committed and hardworking and were key to the devalopment and transformation of the d)arlty into what it ha8 become and wh81 It offers to the people of Plymouth tod8y. Personally, l am indebted to them for thelr help, guldance 8nd support during th8 past 8lx years since I took over as thair. The co8t of Ilvlng crlsls m8lnly a8 a resutt of inflatlon, hlgh interest rat88. hlgh r8ntal levels for Ilvlng acc¢)mmodatlon and hlgh energy c08ts continues to Imp8Ct upon Iha familles In our community. Th58 18 causing ongolng hardshlp for those alraady Ilvlng in povety and for those bging forced into poverty. As o result, the actu81 number8 of adults and chlldren impacted by povèrty is increasing d8splte the efforts being made to improv8 th8 Situ8tion. Notwlthstandlng these challenges. It Is pleaslng to r8POrt that the past year has been successful. excelleni progress has been made. our impact on society has increased and the th8rlty has grown. as has its balance sheet, which is stronger than ever. A$ reported last year, our major focu5 is on the alleviation of child poverty and most of our 8nÈrgy has been concentrated on our Promoting Chlldren In Plymouth initiative, whlch is the mainstay of the Charity. All8vlatlng child poverty is a very slgnlficant Challenge that wlll command the majorty of our energy into the medium tem and beyond. The Covid-19 pandemlc Increased the extent and Impact of poverty In Plymouth and the economlc Impact of the cost of Ilvlng crisis has m8de the sltuation even wors8. The cr)ntinulng and growlng 5UPPOrt we recelve. partlcularly from the buslness community. has enabled an Increased lovel of Intervention into the Ilves of disadvantaged young people helping insplre them towards a betterfulure. Our Promoting Children In Plymouth initiative has conllnued to expand over the course of the year. This is due. In no Small part. to our Development Manager, Kery Bidewell. who Is ably supported by Carollne Perry, our offlcè m8n8ger. FOllo%￿ng a decision to increase the resource level, r8crultmÉnt has been ongoing for a Project CcM)rdlnator and this has resulted In the appointm8nt of Katherine Hendrick. who will join the team at the beginning of June 2024. Th8 inltlativa is an intsgral part of the Plymouth Cty Council Child Pov8rty Action Plan and we conlinua to work wilh th8 Council to dellver the Plan, which was publlshed In 2022 and covers the period 2022 - 2025. P8ge 2

Promotin ninPI mo rnou rovious hePI Foundatlon ste r Ended 31 March 2024 For Thè Yè The work continues to be daliv8red in partnershlp with an increasing number of corporate supporters, the principal ones are Pwc, Princess Yachts, Wolf8rstan8, Msubs, Wombl8 Bond Dicklnson a8 well as the North Yard Trust CIO and Plymouth City Council. A8 awareness grows. an increasing number of buslnesses and organisation8 are b8comÉng involved in the effort to reduce and overGome chlld wverty by giving pro bono tlme. access to th81r operations andlor flnancial support. All of our projects are aimed at inspiring young people, with a particular 8mphasis on thos8 living in poverty, raising their self-esteem and their aspirations, assisting their education and r8ising their awareness of the large number and diverse types of career opportunits'es that 8XiSt in our city. as well as h8lping improve thèlr health and well-being. The Promoting Children in Plymouth Designated Fund has Increased to £45,013 at the year end. In order to articulate and Inform about our work to the busln8ss community, and other pot8ntial supporter5 and sponsors, a Roadmap was doveloped whlch sels out the joum8y from chlldhood to adolescence for disadvantaged young people and the various inte￿0ntion8 that wa can provide along the way to help thém and to insplro them to achieve the5r potential. During the past year wè have sustained the number of intèrventions at around 18 although th8 mlx hes evolved and the sca18 of some of the proj8cts inueased. We are revising the Roadmap to relle¢t this and it will b8 re-issu8d in due course to Incorporate thorn all and reflect Ihe new name of th8 charfty, The following ar8 some of thè htghlights of our activltS8s over the past year. o The story t8lling proJect- thls has continu8d to expand and grow and now some 25 schools are engaged. o World Book Day - This was thè thlrd year that our volunteer readers visited Plymouth schools, over 50 schoo18 and readlng to ovèr 10,000 children. o Careers Fllms - we now have a Ilbrary of nlne films completed that Showcase 8 ranga of companie5 and a18rge number of the career opportunltle3 on offer with two further fllms added in tha p8rfod. These aspirational films have been supplied to and ar8 being used by ovgr 55 primary schools and all of tha secondary schools in Plymouth. These films are produced by our partner Twofour Productions to whom we ara extremely grateful. o Career Days - wo are working with sthools to help th8m put together caT8er d8y8 to give chlldren 8 b8tter aw8r8n6ss of tho wida range of career opportunities that are available to them. This involve8 engaging bu8inè8888 to come along and presen( to the childr8n. 80m6 of whom utili5e the caro6r films that we have available. o Superklds Extended to provide further poslllve experience and support to ¢Jur Suparkids thls follow up provides support and encouragement. Wllh asslstance from some of our corporate supporters th8 Superklds are provided wlth opportunltles lo vlsll workplaces, ara given personallsed screenings of some of our career films and are able to access car8er guid8nca. Thls extended period of support and encouragemgnt is having a p08ilive irnpact and achievlng 80me good outcomes. o Farms for City Children - Working in partneiship with Farnis for City Children 8nd the North Yard Communlty Trust CIO w8 hav8 been able to send a further INO groups of children to Neth8rcott Fam) to ben8ffl from th8 Ilf8 changing axperignces that a week in residence on a working fami c8n provide. Wè are aiming to send 8 further two cohorts of young people to Nelh8rcott during lh8 2024125 academlc year. In addition, w8 8re Invegtlgating other v8nu88 whlth can provide a similar experience in a more cost effectlve manner. o Bookmark Reading Buddies - in partnershlp with Bookmark, we are engaging wllh the buslness community and recruiting more IndlvSduals to provide a readlng prcgramme on a One-tc￿ne basls wlth young p8ople. The alm 1$ to improve their reading age towards the level that is normally expgcted. The results continue to be very encouraging wlth som8 dramatic improvements made in a relatively short limèscala. o Dolly Parton Imaginatlon Llbrary following dgtsiled conslderation it has been agreed to bring the Library project lo Plymouth. Initially. funding to support the projeGt ft>r three years Is belng secured and thls wlll enable young childr@n in tha four most deprived wards to beneflt, providlng all children in these wards. froTn Iheir second to their fifth birthdays. to receive a book a month delivered to their own homes. To help ensure th8 PO8ltlve Impact that the prol8Ct wlll achlèvè, the books will also be provided fre8-of-charge to one hundred of the local nurseries, primary schools, child minders and Femily Hubs plus the Early Years South Wast strongèr PraGti¢e Hub will ongago wllh and provide support to the Early Years Settings. F8mlly Hubs and parents and carors to ensure that maximum beneflt is derived from Ihe books. It Is Intended to commence the dallvary of books by September 2024, The Zone Drop-ln Centre wntinueB to work wlth us to provide much neadad support to young peopl8 at a tlme of ¢fiSiS ill their lives through the Youth Hardship Fund. Th8 fund provides financial support to Individuals at a time of extreme need and is possible du8 to th8 match funding provided in partnershlp wlth Plymouth City Council. Thls inltiative is secure for several mora years. In addition to financial support we are further assisting young people by supporting The Zone with funding for the cost of counselling for young people who are vlclims of crime. This servic8 would have been lost du8 to the withdrawal of thg funding that previously supporled this work we are continuing this SUPPOrt for a s8cond yéar whilst The Zone seeks other sources of funding to m8intain this valu8ble s8rvice into the futur8. Our two retsil outlet ass8ts, Nos. 80 and 82 Comwall Street in Plymouth Clty Centre remain fully OCCLJpied and are providing a regular Income. The net income from these propertles Is being used to fund the work to alleviat8 child poverty. Page 3

Promo outh mouth Drak F ePI atlon rtoftheTr ste For The Y r Ended 31 March 2024 The organisation continues to function well at all levels and oparatas with minimal overheads. Once agaln, we are extremely grateful for the conlinued support provided by Plymouth Sclence Park, who provides Ihe Foundation with fully serviced offic& accommodation and ancillary servlces on a pro bono basis. Being ever cOn￿lOuS of L)ur safeguatding respon8ibilitles all Trustees, Staff and voluntaer8 have undertaken 8n appropriate level of awaren8ss training. To conclud8 my report. I must record my gratitude to our sL2ff and my fellow Trustees for their contlnued commltfflent to the fulfilment of our alms and objectives. Also. a huge personal thank you to all of our growing number of 8UPPOrters, your commitment and ongoing 5UPPOrt of our work is greatly appreciated and valued and, as evidenced abov8, is enabling us lo expand and grow our work and increase our help to young people. If YOLA arè reading this and ar8 not a supportar and would like to Joi US in our efforts to OV8rcom& the effect8 of poverty, then p18as8 do gat In touch. aurice West Chair OBJECTIVES AND ACTIVITIES Pollcl8s and obJectlv8s In setting objectives and planning for actSvltl8s, th8 Twstees have given due con8kleratlon to the general guldance publlshed by th8 Charity Commission relating to publlc benefit. Promollng Chlldren In Plymouth (formerly The Plymouth Drake Foundation) set out 8S 8 local communlty charlty, covering thg Plymouth travel to work area, supporting small voluntary and community groups by providing grants to help thair causa. It still provides grant giving programmes and commlssioning of servic95 on behalf of donors, ensuring that funding is alloc8t8d in the be8t Way to provide value for money support to the community that is needed, well delivered and makes 8 POSltive and lasting difference to the ben8ficiarle8. Th8 Promoting Chlldren In Plymouth Inltlatlve has expended further and been able to commisslon furth8r dallv8ry partners and Increase the number of interventions along the Roadm8p of childr8n'8 lives. This has be8n due to the increased levol of support from th8 busin885 séctor, other supporters and the additlonal fund-raising income Ihat has re8ulted. In the futurg, when sufflclent key maln Inltiative8 have been estsblished and secured on a 8uslainab18 basis then financial support, via grants, could be given to support other initiatlV8s run solely by other charities and support groups that are focussed upon improving the prospects of disadvantag8d children. Promoting Children in Plymouth (formerty The Plymoulh Drake Foundation) is worklng with our partner, the Devon Community Foundation, and the various donors to refresh the terms of the long established Grassroots Endowment Funds to make them more rel&vant to the challenges faced in the wortd of today and to facilitate th8 commissioning of services to address the needs that are belng identiried across our communitles. It Is antlcipated that this work will be concluded by the summer of 2024. The medium term alms of Promollng Children in Plymouth are to.. Achieve 8n annual income of at least £250.DOD to the Promoting Children In Plymouth Fund to finance the planned Inlervenlions to reduc8 th8 18vel of child povety- This could includ8 "recruiting" 8mployees. through their employers, to participate in payroll giving to support tha campalgn, an initiative which is currently bglng Inve5tlgated by one of our Corporate supporters. Identfy suitable new partners that are able to rnaximise and expand the Impact of the charity's initialivas. Add new Endowment Fund8 and build the funds within its 8xisting Grassroots Endowment Funds to provide an increas8d18vel of ongoing support for local people year afteryear. Increase th9 number of Frlends (currently Ihere are 29 fviends) of the Plymouth Dr8ke Foundation from within th8 local cotnmunlty to provide a regular income stre8m 8nd as an outreach into the communities of Plymouth. The charity has supported a wlde range of l¢xal organlsalions and local people of all ages and abilllies for over 15 years. It has helped charities and voluntsry groups. supportlng economic and social isol8tion, education. Iraining. sport, the envlronment and aspects of care. During the p8St y8ar. as with recent years. the main focus has be8n to furth8r build tha aw8ren8ss and impact of th6 Promoting Children in Plymouth initl8tiv8 and to develop n8w praj8cts and pilot schames. Thls has b88n achlaved Succes￿UllY in all resp8cts. Page 4

Promotln Chil usl known as Th Pl inPI uth Drak Foundatlon revi oftheT stees For The Year Ended 31 March 2 24 OBJECTIVES AND ACTIVITIES Actlvltles for achlevlng objectivè8 The charity has been working hard to 8Stablish addltional partnershlp8 with organisallons in Plymoulh and beyond to 8nable the charity ts) achieve its objectives. Delivery partn8rs include Plymouth Universty, TwoFour Productions, Millfields Inspired, Theatre Royal, Dartmoor Zoo, StreetGam8s and Dovonport Live. Grantmaklng poll¢lo8 A varlety of funds are managed by Promoting Chlldren in Plymouth (fonnerfy The Plymouth Drake Foundatlon}. Some are managed Ioc811y on bahalf of donors who wlsh th8m to be usad for specific purposes and gome are invested in Endowment Funds which have beon established In conjuncllon with the Devon Communlty Foundatlon (DCFI. Each year the Board strives to ensure that successful applicants are tho86 whose 8ubmisskJn8 are alm8d at achi8ving appropriate b8nefits that meet the criteria as d8fined by th8 respective funds. TraditSoTrally. grants hav8 been made to small. properly governed gmups (not individua151 that do not have sufficient funds or Income to fund tho appllcation proposal and assoclated core costs. In awarding grants, lh8 Charity ensures, to the best of its abilty. that recipients are worthy of such grdnts and that they understand that activiti8s undertaken wlth the assistance of the Charlty's grants are done so at Iheir own risk. ReGipients of grants are required to provid8 feedback to demonstrate that they hav8 properfy 8xp8nded the grant and that the planned outputs have been achlèved. ACHIEVEMENT AND PERFORMANCE Going concèrn After undertaking 8ppropriate reviews and enquiries. the Trustees have a reasonable 6xpectation that the company ha8 adaquale resources to continu8 in operational existence for the for8seeab18 future. As wllh most charitabl8 enterpris8S, the continuing 8ucc£ss of Promoting Children In Plymouth (formerly The Plymouth Drake Foundatlon) and indeed the appropriateness of the going concern statu8 Is dependent on future Incom8 bélng generated at sustainable levels. Rovlew of actlvftles Th8 prlmary focus has been on worklng to alleviate child povety through the Promotlng Childran in Plymouth initiatlve. In additlon. we have begn worf(ing with Devon Community Foundation to refrash the agreements In respect of the Grassroots Funds, Including new ways of providing benefit including th8 Intr¢Jdu¢tion of targetlng and commi8sionlng to addross defined ar88s of need r8th8r than seeking grant applic8tion8 on a mora goneral bas55, Also, there has bean the ontinuation of our other campaigns that provide Smaller levels of grant support. During tha period, Income from corporate and other gUPPOrter8 of our Promotlng Chlldren in Plymouth InltSative has continued to grow. Our partnership with The Zon8 Is ongoing and the Youth Hardship Fund contlnues to be a vital resource for young poople sn crisis. This fund is a collaboratlon with Plymouth City Council who, followlng the closure of thalr Emerggncy Welfare Fund. ¢ontrlbut8d £18,000 which was matched by 8 £6,000 Inje¢tlon of funds from Promoting Chlldren in Plymouth (formedy The Plymouth Drake Foundation). The fundlng received has guaranteed the futur8 of the Youth Hardship Fund and the support ofvulnerable young people In Plymouth. Due to The Zone still being unabl8 to find new fundlng for CDuns811ing for young people who are victims of crime, to rep18ce that prevlously provlded by the Office of the Polic8 and Crime Commissloner, Ihls valuable service is belng supported for a se¢ond y8ar whilst a new funding source is soughL The charfty ¢ontinue8 to employ Caroline Perry as the Office Manager. As part of her role, Caroline also 8UPPOrts tha work of the North Yard Communlty Twst CIO. The North Yard Tnjst CIO conlinue to contribute half of her s8lary and assoclated costs. Following the suspension of grant giving from the Grassroots funds as a result of the Covid pandemlc it was agreed to be an opportune tim8 to review the Way thgse funds are operated and manag8d and also to updats their criteria for award. As a r88LJIt, no n8w grant awards were made during the period from the Grassroots funds. It is anticipated that grant glving will recommence during the summer of 2024. With all fund5 remalning invested throughout the parlod the amount av8i18ble to b8 awarded has grown to drca £228,116 and this will be well 8mployed to help achieve our objectives as local Charitias and community groups addr8SS the challenges of povety and th8 cost-of-livlng crisis. Page 5

Promotln sl known as T Chll eninP Mouth pi uth D k Found vio on of the Trustees For Th Year Ended 31 Mar h 2024 FINANCIAL REVIEW Prlncipal funding Currently, the charrtws principal funding comes from corporates and oth@r sourc8S that are supporting Promoting Children in Plymouth. The cost of maintaining this initiative is now approxlmat8ly £165,000 par annum and thls Is expected to increase still further as projects expand and grow. Thè Endowment Fund8 established by donations from large corporations and In8titution8 that ware m8tch-funded by the govemment of the tima's Grassroots Fund continue8 to gen&rat8 a significant amount of off-balancé sheet Income for grant giving purposes. The charfty also receives a regular Income from the two propertles It owns at 80 and 82 Cornwall Str88t which have been fully occupled since lat8 Juna 2020. In addltlon, there ar8 regular donations frorn our existing Frlends and other income and furth6r benefit was generously provided durlng th8 périod by the Plymouth Sdence Park, some of our local ward counclllor8 and other supporters in the Plymouth Business Community. Materlal Invo3tmonts pollcy The Trustees continua to maintain a pollcy of avolding 8dv8rse financlal risk. Funds prevlously rai88d by Promotlng Children in Plymouth (formerfy The Ptymoulh Drake Foundatlonl under the Grassroots Inliiative are managad on our behalf In an gndowmènt fund by Devon Cornmunlty Foundation IDCF) who, together with the funds of other Community Foundations, has inve8ted them with selected fund managers. Further detall8 of the DCF wrrtrolled endowmenl fund are provlded in note 19. Rosults lor tho porlod Indudad in thasa account8 is 8 disclosure regarding the pefftirmance of our Grassroot8 Endowm8nt Fund8, held with Devon Community Foundation. No grants fmrn th8 Grassroots Endowment Fund8 were awarded during ihls ffinanclal year. Th8 Plymouth Draka Foundatlon direclly dlstrfbuted grants or comml85ioned projacts from the following funds: Promoting Children In Plymouth Fund - £13,183 Plymouth Cty Councillors, Fund - £0 Plymouth Tralnlng Fund - £0 Youth Hardship Fund - £3,395 - £0 wa8 awarded from our Un￿StrICted Funds The total amount awardad during thls period was £16.578 The provision of Ihis level of grant support Ss extr8m8ly plea81ng but thère remains a hug8 need for a8slstance wlthin Plymouth and the aim 18 to increase the amount of grant distribut8d and olher forms of assi8tan¢8 provided in our continuing endeavour to eradicate child poverty and support the dèvelopmènt of healthy and Iiv81y communiti88 acr088 our City. R8s•rv•s pollcy At 31 March 2024 unrestrict8d raseprfes tolalled £317,182 12023: £241.861} and restrlcted re8ery8S totalled £61,699 (2023: £66.276}. Fr8e reserves as at 31 March 2024 tota118d £130.594 (2023: £76.640>. The Trustees take into conslderallon 8xpected income and exp8nditure prlor to a decision on th8 8X8Ct lev81 of res8rves to be held. In any event. immediate unrestricted re88rves ar8 unlikely to be allowed to f811 below 6 months fvnding which 8t th8 currant rat8 of spending equates lo £60.000. Page 6

Promolln eviou81 known Chil mouth D Foun ion ForT e Year En d 31 March 2024 FUTURE PLANS The charity is focussed on compl8tlng the transition to Promotlng Children In Plymouth and to increasing its level of aGlivity, particulady in r8SP8Ct of eradicating child poverty. The charity r88li88s that more fvnding is required to meel th e aha118ngés being addressed by Plymouth's voluntary and community sector and particularly those th8t are working with people Ilving in povety. To achieve this It is V￿rkIng to: Expand the posltlve work of its Promoting Children in Povety.Inltlative aC￿sS the city. Build upon the exi8ting partnèrship worklng to ancourage financial and other fom)s of giving and support. - Grow the profil8 of the voluntary and community sector in Plymouth. Provlde signposting to assist access to other, exisllng sourc8s of halp and asslstsn¢e. Grow Sts existing Grassroots Endowment Funds. - Identify philanthropists and organlsations mlght provlda financial glft8 to create new Endowment Funds. The Board recognises that continulng to develop and maintsin a varied portlolio of income streams. corporate suppor( grant programmes and oth8r forms of assistance is extremely important The immediate focus is to build 8xlsting prolects and gradtsally expand the range of new InteNfjntions focussed upon allevlating chlld povety. STRUCTURE. GOVERNANCE AND MANAGEMENT Constitutlon The company Is reglstered as a charitable company Ilmited by guarantee and was set up by A Memorandum of Assoclatlon on 8 December 1999. Tha principal obl8Ct8 of company are: Th8 8dvanc8ment of education, ¢ltizen8hlp and communlty d8Vglopm8nt within the Clty of Plymouth (the area of ben8fit)'. and The rallef of povety wlthln the area of benefit. The Charity's new Vision Statement Is: Plymouth a8 a clty of opportunity where no child's Ilf8 ch8nGes are dlctaled by poverty. The Charity's new Mlssion Stat8m8nt18". Our mlsslon is to facllltat8 high impact. long temi proJecis that break the cydg of poverty In Plymouth. Malhod of appolntrnent or oloction of Trusta•s The management of tha company is th8 respon81bilty of the Trustees who are elected and co-opted und8r thè terms of the Articles of Assodation. New Tiustees will have been consldered and put fOr￿ard by an exlstlng Trustee who will have consldered the skllls need of the Board and the 8klll 8et and other benefits that the prospective Trustee can offer and the Trustee will have brlefad them on the activities of Promoting Chli dr8n In Plymouth (formerly The Plymouth Drake Foundation). If they wlsh to be con5ider8d for 8 role 8s Trustée they ￿11 be invited to gttend a Board tn88ting to meet th8 resl of the Board and to gain eXP8rf&nce of its op8ralion and the current and future activities and initiatlv8s of Ihe charlty. If the Board is salisfled and thè prospgctive candldate remains committ8d to b8comlng a Truslee. an invitatlon to loln the Board will be issued. Organl8atlonal structura and decl8lon maklng The Board of Trusteas now meets elght times per annum. As 8 result. there ar8 no sub-commlttees as the frequeney of Board meetlngs enables trustees to address all relevant matters and take all nec8ssary decisions wlth¢xrt being over- burdened. Any decislons required from trustees in the intèrim are managed via email. CHANGE OF NAME Th8 ch8rit8ble Company passed a spgcial resolution on 1 May 2024 changing its nam8 from The Pl￿nOuth Drake Foundation to Promoting Childron in Plymouth. Page 7

Pro Chtldr•n In Pl hePI mouthD keF nda ort ftheTr For The Ye rEnd 31 Mar h 2024 This report has been prepared in accordance with thè special provision8 of Part 15 of the Companies Act 2006 relating to small companios. Approved by order of the board of trusteas on...... . ..and signed on its behalf by.. L D Solbie- Trust8e Page 8

Inde endent Exa Pr otln reviousl known a iner, orttothèT Children in Pl The Pl mouth Drake Fo ndat" es Independent examlnerfs roport to the trustees of Promotlng Chlldrgn In Plyjnouth ('the Company.) I report to the ch8rfty trust86s on my examination of tha accounts of the Company for the year ended 31 March 2024. Respon8lblllties and basls of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are r8spon5ible for th8 preparation of the accounts in accordance with the r8quirem8nts of the Companies Act 2006 (Ihe 2006 Att). Having 88ti8fied myself that the accounts of thè Company are not required to be audited under Part 16 of the 2006 Act and are 81iglble for Independent examinatlon, I report in respect of my examinallon of your charity's 8¢counts as carried out undgr S￿tIon 145 of the Ch8rities Act 2011 (Ihe 2011 Acl')- In carrying out my examlnation I have followed the Diractions given by the Charfty Commission tsnder Section 145(51 (b) of the 2011 Act. Indapendont examlnèvs statement I have completed my examinatlon. I confinn that no matter8 have come to my attention In conneclion with the examination glving mè cause to belleve: accounting records were not kept in respgd of th8 Company as required by Sectlon 386 of the 2006 Act: or the accounts do not accord with those records,. or tho accounts do not comply wllh the accounllng requlrements of Sectlon 396 of the 2006 Act other than any requirèment that th8 accounts give 8 tru8 and falr view which Is not 8 matter consldered as part of an independent examlnation; or th8 accounts have not bean prepared in ac¢ordance wlth the mathods and ptlnclpl8s of th8 Statement of Recommended Practlce for accounling and reporting by charitl8s lappllcable to Gh8ritles preparing th81r accounts in accordan¢a with th8 Financial R8POrtlng Stal￿ard applicable in th8 UK and Republic of Iraland {FRS 102)). I have no concems and have come acr088 no other matters in connection wllh the examination to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be r88ched. Neil Stevens ACA FCCA TC Bromhead Llmlted Harscornbe House 1 Darklaka Vrew Plymouth Devon PL6 7TL 10 .12: 24..,............,........ Page 9

omotin known Children in Pl mouth Tho Pl rnouth Dr ounda Statem anci ities oratin an Income ndEx nditure Account For Thè Year Ended 31 Illa￿h 2024 Inco 31.3.24 Total funds 31.3.23 Total funds Unrestricted fund Restricted fvnds Notss INCOME AND ENDOWMENTS FROM Donations and legacies 50.990 98,010 149,000 120,843 Other tradlng activities Investment Income 4.209 Total 14 EXPENDITURE ON Ralslng funds 3,482 3N62 13,601 Charltablo actlvltles Grants Local Support Repayment of grant 195 19.019 16,383 85,236 18,578 104,255 25,297 101,289 Total 12 14 Net galns on Inv8stsn8nts NET INCOMEI(EXPENDITURE) Transfers bet￿on funds 74353 17 aL8 (3,609) 968 70.744 246 Not movoment In funds 75,321 (4,577) 70,744 246 RECONCILIATION OF FUNDS Tot81 funds brought forward 241.861 66,276 308,137 307,891 TOTAL FUNDS CARRIED FORWARD 317 182 61,099 378,881 308,137 The notes fomi part of these financial statements Page 10

Promotln Chlldren revio istered nu mouth Dr 03 0341 sThe Balanc8 Sheet 1 March 2024 31.3.24 31.3.23 Notgs FIXED ASSETS Tangible assets Invesknent property 12 13 88 221 165 186.588 165,221 CURRENT ASSETS Debtors Cash at bank 14 2,207 1.783 15 199.942 154,818 CREDITORS Amounts falling due wtthln one year 15 (7,649) {11.902) NET CURRENT ASSETS TOTAL ASSEfs LESS CURRENT LIABILITIES 378,881 308.137 NET ASSETS 308 137 FUNDS UnrastrScted funds Restricted funds 17 317,182 241,881 TOTAL FUNDS 378 308 137 The ch8ritsble company Is entitled to 8X8mptlon from audlt under Seotlon 477 of thè Companles Act 2006 for the year end8d 31 March 2024. The memb8rs have not required the Company to obtsln an audit of Its flnanclal statements for the year ended 31 March 2024 in accordance with Sectlon 476 of the Companies Act 2006. The trustees acknowledge th8ir responsibllltles for (a) ensurlng that the ¢harliable company koep8 accountlng records thet comply wlth Sectlons 386 and 387 of the Companles Act 2006 and pr8P8ring financial statements thlch give a true and fair view of the slate of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for 8ach financial year in accord8nce with tha requirements of S8Ctlons 394 and 395 and which otherwis8 comply wlth the requlrement5 of the Companles Act 2006 relatlng to financial statements. so far as appllcabJ8 to the charltable company. Thes8 financlal statements have been prepared in a¢¢ord8nc8 Wlth the provislon8 appllcable to charitable companie5 sub￿ct to th8 small companies reglme. Ib) Thefl ncial st ements were approved by the Board of Trust88s and authorised for Issue on . and were signed on its b8half by: L D Selbie - Trustse The notes fom part of these flnancial 8tatem8nts P8ge11

Promotin Chil known outh mouth Dr revlous atlon to the Finan Statem8nt For Th Ye r Ended 31 March 2024 ACCOUNTING POUCIES Basls of preparlng th8 flnanclal statement$ Th8 flnancial statements of the charltable company, which is a public b8n8fit 8ntlty under FRS 102, hav8 bean prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicabl8 to charities preparing th8ir accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland IFRS 1021 leffedlve 1 January 2019),. Financial Reportlng Standard 102 The Financlal R8POrting Standard applicable in the UK and Republic of Ireland, and the Companles Act 2006. The financlal statements have been prepared under tho historical cost convention, as modified by the rovaluation of cèrtain assets. Th6 financial statements have been prepared in accordance wlth applicable tharfty and Company law. Incom• All income is r8cognlsed in the Statement of Flnanclal Activities once the charlty has entlllement to the funds. It is probable that the income will be recelved end the amount can be rneasured reliably. Donatgd income Is recognlsed when ther8 is evidence ol entitlem8nL Grant income is recognised In the accounts under tha pèrfomiance method of reportlng. Expandltura LlabllS1ies are recognised 88 expendllure as soon as there 18 a legal or construcllve obligation committing the charlty to that expendlture, it is probabl8 Ihat a Iransfer of 8conornlc benefits wlll b8 required In settlement and the amount of the obllgallon be measured rellably. Expenditur8 is accounted for on an accruals b8sls and has been classified under heading8 that aggregato all cost rélatèd to the cat69ory. Where cost8 Cgnnot be direclly attributed to particular heading8 fhey have been allocated to activities on a ba818 consiBt8nt with the use of resources. Grants payable are charged in the year when the offer is made except In those cases whare the offar Is condltlonal, such grants boing recognised as expenditure when the condltlons attaching are fulfilled. Grants offered subject lo condltlons whlch have not been met at the year end arè noted as a commitment, bui not accrued as expendlture. Donated servlcos and fa¢llltl•s The charity is donated office space by Plymouth Science Park and this is included In th8 accounts at the tNe value for the d88k sp8C8 they use. This relationship is ongoirvj and wllh 8 healthy r818tion8hip wlll contlnu8 for the forgseeable future. Tanglblè flxèd assets Depr&cSation on ¢ornputer equlpment Is charged on a three year straight Ilne basls to wrlte off Ihe a&sets over thelr 8sllmated u88ful lrfe. Invejlments Investments are stated 8t markel value at the balance sheet date. The Statement of Financlal Activities includes the net gains and lossas arlslng on revaluations and disposals throughout the year. Investment property is shown at fair value. Any aggreoate surplus or deficit arising from ch8ng88 in fair v81ue Is recognised in the Stat8m8nt of Financial Activities. Fund accountlng General funds are unrestrfcted funds which are avallable for use at Ihe discretlon of the Trustees in furtherance of the general objectives of the company and which have not been designated for other purposes. Restrict&d fund8 8re funds whlch a￿ to b8 used in accordanc8 With the specific restrictlons Imposed by donors or which have been ralsed by th8 company for particular purposes. The costs of r8ising and adminlstering such funds are charged against the specific fund. The aim and use of each reslricted fund is $8t out in the not8S to lh8 financial statements. Inv88tment Income. gains and Ioss8s ar8 allocated to th& appropriat8 fund. Penslon costs and other post-retlrement beneflts The charitsble company operates a defined contribution pension scheme. Contributlons payable to the tharitab18 company'8 pension scheme are charged to th8 Siatamènt of Financial Activili6s In the perlod lo which they ralat&. Pagé 12 continued...

romolin vlousl known Chil ren in Pl The Pl mo mouth ke Foundatlon 8 Flnanclal Statem tfnue For Tho Year End d 1 March 2024 ACCOUNTING POLICIES - contlnuod Rocognilion and valuation of donated goods for resale It is impractical to estimate fair v2lu& on thè donated goods due to the volume of Iow-value items and abs8nce of detai18d stock control systsms or records. Th8rofore all donatsd goods for resale are not r8cognis8d on receipt but instead IhÉ value is recognlsed when the donated goods are sold as income. Company statuj In the event of tho company being wound up, thè liability in rospact of the guarantee is limited to £1 per member of the company. DONATIONS AND LEGACIES 31.3.24 31.3,23 DDnation8 Glft ald Grants Donated servlces and faciliti8S 146,491 106,483 3,176 9,384 OTHER TRADING ACTivrriES 31.3.24 31.3.23 Charity shop income 4,209 INVESTMENT INCOME 31.3.24 31.3.23 Rents recelved Insurance received DeposSt account interest 22,875 1,662 22,375 1,381 24 23.759 RAISING FUNDS othèr tradlng actlvltles 31.3.24 31.3.23 Stsff cosls G9neral Store costs Rent Rates and utilities Insurance 7.368 155 2,417 473 17 10,430 Page 13 continued...

Promotln Chlldr8n in Pl revlousl known as The Pl mou outh oundatlon Notes oth Fin For The Year Ended 31 2024 RAISING FUNDS - contlnued Investmont managèment eosts 31.3.24 31.3.23 Rates Insurance 1.800 1.790 3.171 Aggregate amount8 13,601 GRANTS PAYABLE 31.3.24 31.3.23 Grants Repaym8nt of grant 16,678 25,297 16 33,675 Th8 total number of grants paid to institutions durlng the perlod was 32. For the financlal year endlng 31.03.23 the number of gr8nts awarded to institutions was 10. NET INCOMEI(EXPENDITURE) Net incomel{expenditurè) is stated after chargingl{cr8dltlng): 31.3.24 31.3.23 Depreciation - owned assets 133 133 INDEPENDENT EXAMINATION SERVICES 31.3.24 31.3.23 Indep@nderrt axamlnatlon f888 1,500 TRUSTEES. REMUNERATION AND BENEFITS There were no trus188s' remun8r8tlon or other benefits for the year ended 31 March 2024 nor for thg year ended 31 March 2023. Trustees. axpon80s There were no trustees, expenses pald for the year endod 31 M8rch 2024 nor for the year 8nded 31 March 2023. Page 14 continued...

Promotin Chil known mouth mouth Dr revlous ndation e Financial Stateme - contlnuèd For Thè Ygar Ended 31 March 2024 10. STAFF COSTS 31.3.24 31.3.23 Wages and salaries Social security costs Olher pension costs 51A56 12,307 52,921 10,936 65,266 The average monthly number of employees during the year was as follows: 31.3.24 31.3.23 Manag8m8nt No &mployees received emolum8nts In excess of £60.CKIO.12022; none). 11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIE8 Unrestricted fund Restricted fund8 Total fund$ INCOME AND ENDOWMENTS FROM Donations and legacles 5.869 114,974 120,843 Other trading activities Investment income 4,209 4.209 Total 114 148811 EXPENDITURE ON Ralslng funds 13.601 13,601 Char5table actlvltles Grants Local Support Repayment of grant 26,297 85,215 25,297 101,289 16,074 Total 148 565 NET INCOMEI(EXPENDITURE) Transfer5 between fund8 4.162 (3.916) 1319) aL19 246 Nat movemenl In funds 2.843 (2,597) 246 RECONCILIATION OF FUNDS Total funds brought fr>rward 239.018 68,873 307,891 TOTAL FUNDS CARRIED FORWARD 68.276 308.137 Page 15 continued...

Promotin Chlldren in P mouth revlou81 known as The Pl mouth Dr lon ot s to the Finan F rTheYe r Ended 31 - contin 2024 12. TANGIBLE FIXED ASSETS Computer equipment COST At 1 April 2023 and 31 March 2024 DEPRECIATION At 1 April 2023 Charg8 ft)r yéar 177 133 At 31 March 2024 10 NET BOOK VALUE At 31 March 2024 At 31 March 2023 13. INVESTMENT PROPERTY FAIR VALUE At 1 April 2023 Revaluation 165,000 21 At 31 March 2024 NET BOOK VALUE At 31 March 2024 18 At 31 March 2023 The investment propertles war8 donated to thè charlty In 2019. Th8 prop8rtles were velued at £165,000 on 2 December 2019 by an ind&pendent professional valuer. Th8 Trust￿9 believe the current falr valu8 of the properties is £186.500. Falr value at 31 March 2024 is represented by: Valuation in 2024 186 500 DEBTORS: AMouKfs FALLING DUE MTHIN ONE YEAR 31.3.24 31.3.23 Other debtors Prepayments 661 373 1.783 Page 16 continued...

Promotin ren in Pl mouth sThoPI revio ndatlon 8 to th8 Flnanclal Stateme For Th8 Year Enthd l March 2024 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Other creditors Accruals and d8f8rr8d income Accruèd expenses 5.687 1,962 5.075 1.827 11,902 ANALYSIS OF NEf ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrastrlcted fund RestTlcted funds Flxed assets Investments Currènt assets Current liabilities 88 186,500 199,942 221 165,000 154,818 186.500 138.054 61,888 61.699 378,881 308,137 17. MOVEMENT IN FUNDS Net movement In funds Transfers b8tween funds At 31.3.24 At 1.4.23 Unrostrlctod funds General fund 241,861 74,353 968 317,182 Rostrlctod fund8 PCC Community Grant Sch8m8 Youth Hardship Fund VCS Trainlng Fund Promoting Children In Plymouth 2,588 16,291 3,595 (2,588) 13,200} 13,091 3.595 TOTAL FUNDS 70,744 378.881 Net movement In funds, Induded In th8 abov8 ar8 88 follows.. Incoming resources Resourc8s expended Gains and losse5 Movement in funds Unrestrlcted fund8 General fund 75,529 122,676) 21.51)0 74,353 Restricted funds Youth Hardship Fund Employment Fund Promotlng Chilijren in Plymouth 13,200) 114.585} {3,200) 14,585 83 101619 TOTAL FUNDS 17 (124,295) 21.500 70,744 Page 17 continued...

Chil ePI ninPI mouth h Drake F revlousl nown a tlon as to the Financlal State For Th8 Yoar Ended 31 Mar h 2024 nue 17. MOVEMENT IN FUNDS - contlnued Comparatlves for movemènt In funds Net Movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds Gen8ral fund 239.018 4,162 {1,319) 241,861 Rostrlctod funds PCC Communlty Grant Scheme Youth Hardship Fund VCS Training Fund Imagine Campaign Promoting Children In Plymouth 2.588 16,291 3,745 11.273 34 2,588 16,291 3,595 (150) (8.3781 (2.895) 43 87 TOTAL FUNDS 246 308,137 Comparatlve net movement in fund8. includad In th8 abova are as follows: Incomlng resources Resources expended Movement in fijnds Unre8trlct•d fund8 G8n8ral fund 33,837 (29,675) 4,162 Restrlcted funds Employm8nt Fund VCS Training Fund Imagine Campaign Promoting Children in Plymouth 13,607 (13,607) 11501 18,3781 (1501 (8,3781 TOTAL FUNDS 148811 148 565) 246 A current year 12 months and prior year 12 months combined position18 as ft)ilows'. Net mov8m8nt In funds Transfers between funds At 31.3.24 At 1.4.22 Unr8slrlct•d funds General fund 239,018 78,515 (351) 317,182 Restrlcted funds PCC Community Grant Scheme Youth Hardship Fund VCS Training Fund Imagine Campaign Proffloting Childr8n in Plymouth 2,588 16,291 3.745 11.273 (2,588) (3.200) (150) (8.378) 12,8951 4203 ￿4 13.091 3.595 351 TOTAL FUNDS 70,990 378,881 Pagè 18 continued.,.

Promotin Chlldron In Pl mouth reviousl known as The Pl mouth Drak8 F Flnan tlnued For Thè Year Ended 31 March 2024 17. MOVEMENT IN FUNDS - contlnued A ourrent year 12 months and prior y8ar 12 months combined net movement in funds, included in the above are as follows: Incoming resourcas Resources expended Gains and losses Movement in funds Unrestrlcted funds G6neral fund 109,366 {52,351) 21,500 78,515 Rgstrlcted fundB Youth Hardship Fund Employment Fund VCS Training Fund Imaging Campaign Pmmoting Children in Plymouth (3,200) {28,192) (1501 (8.378) <3,200) 28.192 (1 $01 (8.3781 212 984 220 TOTAL FUND8 322 350 272 860) Youth Hardship Fund Funds to meet th& urgent needs of people coming out of hostel accommodation. Employment Fund Funds r8c8ived to help cover the costs of employing a full tlme admlnlslrator. VC8 Tralnlng Fund Fund8 to help gupport Plymouth voluntary and community groups and provlde tralnlng to 8tsff, volunteers and trust98S. Promoting Chlldron In Plymouth (PCIP} Formerfy Plymoulh Children in Povety. A fund lo provide long-term, high impact projects and fund prolects that olhers are trylng to deliver lo eradicate child pov8ty in Plymouth. 18. RELATED PARTY DISCLOSURES Dutlng the year there were donations r8C8ived from two Trustees which totalled £550. There wera a180 grants awarded to an organisation of which a Trustee Is a Dlractor, these totslled £4,950. Durfng th8 year ended 31 March 2023 the shop manager. who was c105ely related to 8 member of key management personnel. received a salary of £6,913. Page 19 continued...

Promotln Children in Pl known as Th8 Pl rovlous Drake Foun I staternen For The Yaar En d 31 March 2024 ued 19. THE DEVON COMDJIUNITY FOUNDATION The Plymouth Drake Foundation previously raised monies In Plymouth to be matth8d by the Govemment Grassroots Sch8m8. The total money raised in Plymouth approximataly £600.000. Th8 majority of the funds raised were match funded under the Govemment Sch8m8 to cr8at& a £1.2 million 8ndowment fund solely for the benefft of Plymouth. This was done by attracting donors to have thglr own Plymouth Drake Foun(falion named fund of whlch thera are now slx: 1, Plymouth Drake Found81ion {PDF) Fund - Includlng Royal Mail Fund 2. PDF Plymouth University Fund 3. PDF Mlllfl8lds Trust Fund 4. PDF Royal British Legion Fund 5. PDF Trinity House Fund 6. PDF South West Water Fund All six funds come wtth thelr own critarla for grant giving. The Plymouth Drake Foundation r8taln a rol8 in deciding wh8m the money Is spent in Plymouth and maklng sure we abid8 to the donorfs restrietions. Devon Community Foundation retalns ownership of the money, Investment retums 8nd al80 carries out all the adminSstrallve dutles of grant applicatSons. The PDF meet after Devon Community Foundation havs released the applications In order to (18t8rmine which grants should be allocated from our fvnds. Endowment fund capital cannot be spent by either Devon Community Foundation or Plymouth Drake Foundation. For the year ended 31 March 2024, no grants were awarded from Ih88e named funds. Pag8 20

Promotin revlousl known Chll outh pi mou dation D8talled Statement of Flnancl l A vlties For Th8 Y rEn ed 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOMIENTS Donations and legacles Donations Gift aid Grants Donated services and facllltles 146,491 709 106,483 3,176 9.384 149,000 120.843 other tradlng actlvltl88 Charity shop incom8 4,209 Investment Income Rents r8celved Insurance received Deposlt account inte￿t 22,875 1,662 22.375 1,381 Total Incoming r•8ources 173,539 148,811 EXPENDITURE Oth•r trading acllvftlos Wages Social Security Pensions General store costs Rent RBtes and utilitie8 Insurance 6.259 1.016 93 155 2.417 473 17 10,430 Investment management costs Rates Insurance 1,81XI 1.790 3,462 3.171 Charitable a¢tlvltlos Wages Social security Penslon8 Event costs Advertising Travel Grants to institutions Repayments of Gr8nts 30,287 8,242 942 29.079 950 635 16,578 26,598 6,235 798 34,483 1.884 761 25,297 86.713 104.434 This pag8 does not fomi part of the statutory flnanclal ststèments Page 21

Prom outh mouth Dra Detailed Statemont of Flnanclal Ac Ivlti For Tha Y r Ended 31 March 2024 31.3.24 31.3.23 Support cosls Managevnent Wages Social security Pensions Telephone Postage and stationery Sundries Rent Insuranc8 Comput8r equipment d8pn Webslte costs Memberships Legal fee5 21,169 4,065 558 60 147 946 1.800 1,431 133 20,064 3,685 518 66 207 848 1,800 299 133 885 525 562 32,644 29,030 Gov•rnanc• ¢o8ts Independent examlnatlon fee6 Total re80urces 8XP8nd8d Not Income bofor¢ galn8 and108808 49,244 246 Unreallse(l rncogn18ed galns and108ses Unrealised gainsl{losses) on fixed asset investments Net Income 246 Thls page does not fonn part of the ststutory financial statements Page 22