Company registration number: 03903949 Charity registration number: 1087327 Plymouth and District Disabled Fellowship Ltd (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2025 WESTCOTTS CHAATEf+ED ACCOUNTA14TS 4 BL15114Eg$ ADVI$ER$ Plymouth and District Disabled Fellowship Ltd Contents Reference and Administrative Details Trustees, Report 2to4 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t016 Plymouth and District Disabled Fellowship Ltd Reference and Adm inistrative Details Chalmian Mr Bernard Hooper Trustees Mr Bemard Hooper Mrs Wendy Hooper Mr Paul Chapman Mr Steven Leigh Mr Martin Ward Ms Wendy Hart 1087327 Charity Reglstration Number Company Reglstratlon Number 03903949 The charity is incorporated in England and Wales. Airport Business Centre 10 Thombury Road Estover PLYMOUTH Devon PL6 7PP Reglstared Offlca Accountants Westcotts Plym House 3 Longbridge Road Plymouth Marsh Mills Devon PL6 8LT Soll¢ltor8 Nash & Co Solicitors LLP Beaumont House Beaumont Park Plymouth Devon PL4 9BD Bankers Lloyds Bank PIC Ptymouth 8 Royal Parade Ptymouth Devon PL1 1TX Investjnent managers Brewin Dolphin Ashleigh Court Ashleigh Way Langage Business Park Plymouth PL7 5JX Page 1 Plymouth and District Disabled Fellowship Ltd Trustees. Report The trustees, who are directors for the purposes of company law, present the annual report together with the fi'nancial statements of the charitable company for the year ended 31 March 2025. Structure, Governance and Management Publlc benefit statement Our main activities and who we are trying to help are described below. The trustees have complied with their duty to have due regard to the guidance on public benefit published by the Chariiy Commission in exercising their powers or duties. Objectives The objectives of the charity are to provide welfare and relief for people with physical disabilities and also to provide thes8 individuals with recreational and social facilities. Governlng Document Plymouth and District Disabled Fellowship Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 13 September 2018, as amended. It is registered as a charity with the Charity Commission. Appolntment of Trustees All members are circulated with invitations to nominate Club Committee members and trustees prior to the AGM. requesting nominations. The President and Club committee nominations are voted for and approved at the AGM. All trustees are eligible for re-election at the AGM and, current trustees who are nominated, are voted for and approved at the AGM. Those nominated but not currently a trustee are invited to become a trustee through the application process. Trustee Inductlon and training New trustees undergo an orientation day to brief them on their legal obligations under charity law, the decision-making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged to attend appropriate extema5 training events where these will facilitate the undertaking of their role. Review of Actlvlties The Fellowship continues to provide support to the members through an annual programme of activities which are well established. The activities include theatre, day and evening trips, & community support. Plans for Future Perlods To continue with our annual activities and to increase our support to the wider community of people with physical disabilities. Investment powers and policy Under the Memorandum and Articles of Association, the charity has the power to invest in any way the trustees wish. Page 2 Plymouth and District Disabled Fellowship Ltd Trustees. Report Risk Management The trustee5 have a risk management strategy which comprises., A regular review of the risks that the charity may face; The establishment of systems and procedures to mitigate those risks identified in the plan. and The implementation of procedures designed to minimise any potential impact on the charity should those risks materialise. A key element in the management of financial risk is the setting of a reserves policy and its regular review by trustees. Flnanclal Revlew During the year the entity suffered a deficit before gains and losses on investments of £64,070 (2024: £67,760). Investments generated ￿alIsed and unrealised losses of £19,576 (2024.. £53,047 gain). This resulted in an overall reduction in funds forthe year of £83,646 (2024.. £14,713 decrease). Reserve8 poIIcy The trustees conslder the existing level of reserves £621,608 (2024.. £705,254) to be adequate to ensure the continued operation of the Fellowship. Of the reserves £604,259 relates to investments held. Therefore there are free reserves of £17,349. Based on the currenl y8ars expenditure levels, this would cover 2 months of expenditure should no income be received due lo unforeseen circumstances. If required, funds can also be drawn down from investm8nts. The trustees are therefore confident that the current reserves levels will allow the charity to continue to operate as required. Statement of trustees, respon51bilities The trustees (who are also the directors of Plymouth and District Disabled Fellowship Ltd for the purposes of company law> are responsible for preparing the trustees, report and the financial statements in accordance with applicabl8 law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitsble company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to: select suitable accounting policies and apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards. comprising FRS 102 have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial ststements on the going COn￿M basis unless it is inappropriate to presume that the charitable company will continue in business. Page 3 Plyrnouth and Dlstrfct Dlsablod Fellowshlp Ltd Trustee8' Report Th8 trustees responsible for keeping proper accounting r8corfl6 that can disclose reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the finanaal stat8rnent8 comply with the Companias Act 2008. Th8y ara al80 resP()nsible for safeguarding the agsels of the charitable company and hence for taking reagonAble 8tsp8 for the prttventlon and detection of fraud and other irre9ularlties. The trustees are responslble for the maintenance and Integrty of the corporets ond financial Infonnation induded on the chgritsble compan16 websile. Lèg181atlon goveming the pr8paration and dl88emlnotion of financial Jtaternent8 may drffer from18gislatsn In other jurt8dlctlon8. The annL￿1 report wa8 approved by the truslees of the chwty on i 4/.4A (7,926) 82,315 (597) 189,868) Total expenditure Gainsl{1055es1 on investment assets Net expenditure Net movement in funds (90,241) (19,576 (83,646) (90,241) (19,576) (83,6461 (90,465) 53,047 (14,713 (83,646) (83,646) (14,713) Reconcillatlon of funds Total funds brought forward Total funds carried foDNard 705,254 705,254 621,608 719,967 18 621,608 705,254 All of the charity's activit188 derive from continuing operations during the above loNo periods. The fvnds breakdown for 2024 Is shown in note 18. The notes on pages 8 to 16 form an integral part of these financial statements. Page 6 Plymouth and Dlstrict Disabled Fellow8hlp Ltd (Reglstration number: 03903949) Balance Sheet as at 31 March 2025 2025 2024 Note Fixod as•ots Tangible assets Investments 13 14 253 604.259 672,151 672.151 604.512 Current •180ts Debtors Cash at bgnk in hand 15 1,745 17,493 19,238 1,786 33,917 35,703 Cr•dltorn: Amount• falllng du• wlthln one year curr•nt a••gt• 17 33,103 N•t aB••t• 621,608 705,254 Fund• of th• chartty: Unro•triot•d income lunds Unre8trlct8d fund8 621,808 705,254 Total fund• 18 621,808 For the financi81 year endlng 31 March 2025 the ch8rlty wa8 entltled to exernptlon fr￿n audit under section 477 of the Companies knt 2008 relats'ng to 8rrrdll companies. Directors, respcn8ibilitie8.. The memberg have not raquirad iho charity to obtaln an audit of It8 ac£ounts for the year In qU•8tion In accordance with section 476,. and The directors ed(nOw￿dge thelr respon8lbllltles for ¢omplylThg wlth the rgquirernents of the Act with reapect to accountlng record8 and the wepwatlon af accounts. The flnand813tstements on pfjg￿ 6 to 16 w•r• •pprov•d by thè tru8tee8, •nd •uthorbed for188ue on 1.41.sAAs.... and signed on their behall by. Mr Bemard Hooper Chaiman and Trustee Mr8 Vvendy H¢)oper Trustee The notes on pages 8 to 16 fomi ￿ integral part of these finanaal statements. Pag8 7 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of Ihe charity in the event of liquidation. The address of its registered office is.. Airport Business Centre 10 Thornbury Road Estover PLYMOUTH Devon PL6 7PP 2 Accounting policies Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Basls of preparatlon Plymouth and District Disabled Fellowship Ltd meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially ￿OgniSed at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Golng concern The trustees consider that there are no material uncertainties about the charitls ability to continue as 8 going concern nor any significant areas of uncertainty that sffect the carrying value of assets held by the charity. Exemption from preparlng a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Income and endowments All income is recognised once the charty has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 8 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Donations and legacies Donations are recogni5ed when the charrty has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of perfomiance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. Grants recelvable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liabilrty and included on the balance sheet as deferred income to be released. Expendlture All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it Is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Wh8re costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basi5 of time spent, and depreciation charges allocated on the portion of the asset's use. Other support Costs are allocated based on the spread of staff costs. Raising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable actlvltlas Charitable expenditure comprises those costs incurred by the charity in the delivery of its activrties and servi￿5 for its beneficiaries. It includes both costs that can be allocated directly to such activrties and those cost5 of an indirect nature necessary to support them. Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capiia, staff costs by the time spent and other costs by their usage. Taxatlon The charity is considered to pass th8 t8Sts set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from tsxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. Page 9 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 Tangible fix8d assets Individual fixed assets costing £100.00 or more are inttially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impaimient losses. Depreciation and amortisatlon Depreciation is provided on tangible fixed assets so as to write off Ihe cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset class Offi'ce equipment Motor vehicles Depreciation method and rate 3 years straight line 5 years straight line Flxed asset investments Fixed asset investments, other than programme related investrnents, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the drfference between sales proceeds and their markel value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unre81ised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. Cash and cash oqulvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Fund structure Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the chartty. Flnancial instruments Classification A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the inslrument. Basic financial instruments are initialty recognised at the amount receivable or payabl& including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with change5 in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Page 10 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 3 Income from donatlons and legacles Unrestricted funds General Total 2025 Total 2024 Donations and legacies-, Donations and gifts Grants, including capital grants,. Grants received 230 230 656 1.434 1,664 1,434 1,664 656 4 Income from charltablo actlvltles Unrestrlctod funds General Total 2025 Total 2024 Receipts for functlons and transport 6,078 6,078 5,381 5 Income from other tradlng activities Unrestrlcted funds General Total funds Total 2024 Fundraising income 2,535 2,535 2,535 2,535 2,357 2,357 6 Invastmont Income Unrestricted funds General Total 2025 Total 2024 Portfolio interest & dividends 15,894 15,894 14,311 Page 11 Plymouth and District Disabled Fellowshlp Ltd Notas to tha Flnancial Statements for the Year Ended 31 March 2025 7 Expenditure on raislng funds a) Costs of goneratlng donations and legacies Unrestrlcted funds General Total 2025 Total 2024 Note Marketing and publicity 117 117 597 bl Investment management ¢o$ts Unrestrl¢ted funds Gen8ral Total funds Note Allocated 8UPPOrt cost5 7,809 7,809 Total for 2025 7,809 7,809 8 Expendlture on charitable actlvltles Unrestrlcted funds General Total 2025 Total 2024 Noto Activities undertak8n directly Allocated support costs 59,505 22,810 59,505 22,810 82,315 64,939 24,929 89,868 82,315 Page 12 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 9 Analysls of support costs Support costs allocated to charitable acllvltles Total 2025 Total 2024 Rent Repairs and renewals Telephone and fax Computer So￿are and maintenance costs Printing, postage and stationery Trade subscriptions Sundry expenses Advertislng Accountancy fees Legal and professional fees Bank charges Wages and salaries Staff pension costs Staff training Depreciation of office equipment 547 64 858 125 361 504 32 1,071 877 588 434 256 2,142 731 151 28 2,070 3,891 223 15,162 268 16,620 311 234 127 22,810 24,929 10 Trustees remuneratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from tho charlty during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. Page 13 Plymouth and District Disabled Fellowshlp Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 11 Staff costs The aggregate payroll costs were as follows.. 2025 2024 Staff costs durlng the year were: Wages and salaries Pension costs 55,541 900 53,635 802 56,441 54,437 The monthly average number of persons (including senior management I leadership team) employed by the charity during the year was as follows.. 2025 No 2024 No Average employee numbers No employee received emoluments of more than £60,000 during the year. 12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Furnituro and equipment Motor vohlGles Total Cost At 1 April 2024 Additions 2,786 380 60,495 63,281 380 At 31 March 2025 3,166 60,495 63,661 Depreclation At 1 April 2024 Charge for the year At 31 March 2025 2,786 127 60,495 63,281 127 2,913 60,495 63,408 Net book value At 31 March 2025 253 253 At 31 March 2024 Page 14 Plymouth and District Disabled Fellowship Ltd Notss to tha Flnancial Statements for the Year Ended 31 March 2025 14 Fixed asset investments Unrestricted Investments Cost or Valuatlon At 1 April 2024 Additions Disposals Gainl{loss) At 31 March 2025 672,151 43,530 (91,846) (19,576 604,259 Net book value At 31 March 2025 604,259 At 31 March 2024 672,151 The cost value of the listed investments at 31 March 2025 was £557,948 (2024- £589,170). 15 Debtors 2025 2024 Prepayments 1,745 1,786 16 Cash and cash equlvalonts 2025 2024 Cash on hand Cash at bank 370 17,123 17,493 220 33,697 33,917 17 Credltors: amounts falling du• wlthln one year 2026 2024 Other taxatlon and social security Accruals 560 2,040 2,142 2,142 2.600 Page 15 Plymouth and District Disabled Fellowship Ltd Notes to the Financial Statements for the Year Ended 31 March 2025 18 Funds Balance at 1 Aprll 2024 Other Incoming Resources recognlsed resources expended galnsl{losses) Balance at 31 March 2025 Unr8strlcted funds General Funds 705,254 90,241 26,171 621,608 19,576 Balance at 1 Aprll 2023 Other Balance at Incoming Resources recognlsed 31 March resources expènded galnsl(losses) 2024 Unrestrfcted funds General Funds 719,967 22,705 90,465 53,047 705,254 19 Analysls of net assets between fund8 Unrestricted funds General Totsl funds at 31 March 2025 2024 Tangible fixed assets Fixed asset investments Current assets Current liabilities 253 604,259 19,238 2,142 621,608 253 604,259 19,238 2,142 672,151 35,703 (2,600 705,254 Total net assets 621,608 20 Related party transactions There were no related party transactions in the year. 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