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