Charity rogistratlon numbèr 1119468 Company rogistratlon numbèr 05644439 {England and Wal9$) PLIAS RESETTLEMENT LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 PEARLMAN ROSE Chart6r6d Accountants Suite 1, Flrst Floor Jack Dash House 2 Lawn House Closo London E14 9YQ
PLIAS RESETTLEMENT LTD LEGAL AND ADMINISTRATIVE INFORMATION Management commlttee Mrs Jacqueline Hinds {Chair) Mrs Dunstanette Kuti (Treasurer) (Appointed 23 May 2024) Mrs Judith Davies (Appointed 23 May 2024) Miss KirstAtek (Appointed 23 May 2024) Mr Shaun Pascal (Appointed 23 May 2024) Miss Terri Gannon (Appointed 23 May 2024 & resigned 11 September 2024) (Resigned 02 July 2024) (Resigned 10 June 2024) (Resigned 31 Juty 2024) Mr David Truswell Mrs Noreen Muir Me Tajeen Hutton Senior managemènt team Mr Tom Chandler Mrs Norma Hoyte Charlty number 1119468 Company number 05644439 Roglstered office Unit 12, Bridge Park Complex HaoW Road Brenffield NW10 ORG Site address Suit8 22 Unimax House Abbey Road London NW10 ThR Accountants Peadman Rose Chartered Accountants Suite 1. First Floor Jack Dash House 2 Lawn House Close London E14 9YQ Bankers HSBC Bank PIC 122 Wembley Park Drlve MSddlesex London HA9 8HT
PLIAS RESETTLEMENT LTD CONTENTS Pag? Chaimian's statement Trustees, report Independent examinafs report Slatement of financial activities Balance sheet Stslement of cash flows Notes to the financial statements 9-17
PLIAS RESErrLEMENT LTD CHAIRMAN'S STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024 This year has marked a pivotal period of strategic development and transition for PLIAS. Our Board of Trustees has been fully embedded in Iheir roles-providing clear g0veman. strategic oversight. and operation81 support in line with Chaiity Commission guidelines. Their leadership has not only strengthened our intemal structure but also ensured our alignment with evolving organisational priorilies. As part of this evolution. we are preparing for a planned restructure aimed at enhancing our infrastruciure and sustaining both day-to4ay operations and the introduction of new, future-proofed systems. A key moment in this transition has been the retirement of Norma Hoyte. one of PLIAS'S founding members. Nonna's vision. dedication. and leadership have been instrumental in shaping the organisation to its current form. We are pleased lo mark this moment not only with gratitude but with continuity. as she transitions into a new role as an Advi50ry Board Member and Consultant, helping to steward PLIAS through this next phase. Throughout the year. our twstees have taken on greater ownership of key projects. contributing their skills and insight to deepen our impacl and prepare for the future. Their commitrnent has laid strong foundations for the changes ahead. Communlty Impact and Project Hlghllghts This has been a year of continued growth. deepened community engagement. and meaningful partnerships. We have secured major funding from the City Bridge Foundation. Youth Futures Foundation, and others to sustsin and expand critical services addressing domestic violence, youth unemployment, and mental health. The 6xtension of the Neon Project at Northwick Park Hospital and the strengthening of our collaboration with NHS charitles refiect the increasing recognition of our work. Meanwhile, the retum of the Prison Project at Wormwood Scrubs, the ongoing successes of the .1 Am Brent. youth violence interyention programm8, NCS (National Careers Service) and CSCS (Construction Skills Certification Scheme), as well as thg conllnued prO9$S1on of the P&ACT Project and HEPS (Brent Health Education Partnership Service) d8monstrates our sustain8d responsiveness to community needs, aspecially for those historically underrepresented or und8rseryed. Our team has grown to meet the demands of these projects, including new staff and volunteers who bring fresh energy and commilmént to our work. Engagèment and Advocacy Last year's Domestic Homiclde Revlew. Domestic Violence and Abuse & Criminal Justice Surnmlt was a powerful reminder of the importance of centering survivor voices and driving system-wide change. The emotional and impacltul contributions of speakers, panellists. artists. and suNivors gave life to OftenvrI0Oked narratives and underscored the urgency of our work. This year, we are planning our second annual Summit, which will focus on Mental Health through an Equitablo Lens. It will highlight the disparities experienced across domestic abuse, violence. and the criminal justice system. further strengthening our advocacy for systems Ghange. Our partnerships with Brent Council and CVS Brent continue to enhance the reach and infiuence of these critical initiatives. Looking Forward As we plan for the future. our focus is on strengthening our digital infrastructure and improving how we connect with communities. Our recent Tnjstee and Staff Away Day at QPR'S Loftus Road Stadium was an important opportunity to deepen collaboration and shape our strategic direclion most notably, progressing the redevelopment of our bsite. We are 81so laying the groundwork for an expanded programme of CPD•accrndited workshops and tralnlng that will support community development. enhance lrfelong leaming. and strengihen our offer to partner organi5ations.
PLIAS RESETTLEMENT LTD CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 On behalf of th8 Board. l extend sincere thanks to our funders. partners. staff. volunteers, and service users. Your continued belief in our mission enables us to deliver meaningftjl, lasting change. Together, we look forward io a frjture built on equity, Oplxlrtunity, and resilience. Here's to conlinued success. progression and impactful Changel Mfs Jacqueline Hinds Chaimian 231912025
PLIAS RESErrLEMENT LTD TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees present their annual report and financial stst8ments for the year ended 31 December 2024. The financial statements have been prepared in acwrdance with the accounting policies set out in note 1 to the financial slatements and comply with the Charity's goveming document. the Companies Act 2006 and 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Finanoial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)" (effeclive 1 January 2019). Objeclives and activitios To promote for the benefit of the public the resettlement and rehabilitation of offenders and ex-offenders and to help prevent them from re4)ffending. in particular but not exclusively by encouraging family support and through education and training in order that they may seek altemative routes in life away from crime. Public benefil The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities th8 Charity should undertake. Flnan¢lal review Resernes policy 11 is the policy of the Charfty that unreslrided funds which have not been designated for a specffic use should be maintained at a level equivalent to between three and six month's expenditure. The Trustees conslder that reserves at this level will ensure that, in thè event of a significant drop in funding, they will be able to continue the Charity's current activities while wnsideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. Slatemont of Trustees. responslbllltles The Trustees, who are also the directors of PLIAS RESErrLEMENT LTD for the purpose of company law, are responsible for preparlng the Trustees. Report and the financlal statements in accordance with applicable law and Uniled Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practlce). Company law requires the Trustees to Ppare financial statements for each financial year which give a true and fair Vi8w of the slate of affairs of the Charity and of the incoming resources and application of resources, including the income and exp8nditure. of the ch8rltable company for that year. In preparing these financial statements, the Trustses are required to: - select suitable accounting policies and then apply them consist8nlly' - observe the methods and principles in the Charities SORP.. - make judgements and estimates that are reasonable and prudent.. state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements- and prepare the financial statements on the going concem basis unless Èi is inappropriate lo presume that the Charity will continue in operation. The Twstees are responsible for keeping adequate accounting records thal disclose with reasonable accuracy al any time th8 financial position of the Charity and enable them to ensure thal the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitl8S.
PLIAS RESETTLEMENT LTD TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, report was approved by the Board of Trustees. Mrs Jacqueline Hinds Trustee Date.. 231912025
PLIAS RESETTLEMENT LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PLIAS RESELEMENT LTD I report to the Trustees on my examination of the finan¢ial statements of PLIAS RESELEMENT LTD (the Charity) for the year ended 31 December 2024. Rosponslbllltles and basis of report As the Trustees of the CharFty (and also Its directots for the purposes of company18wl, you are responsible for th8 preparation of the financial statements in accordance with the requlrements of the Companies Act 2006. Havlng satlsfied myself that the finanolal statem8nts of the Charity are not required to be audited under Part 16 of the Companies Act 2006 and are èligible for independent examination, I report in respect of my examination of the Charity's finan¢ial statements carried out under séction 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145{5)Ib) of the Charities Act2011. Indopgndent éxaminer's statement Slnce the Charity's gross income exceeded £250,000, the independent examlner musl be a memb8r of a body list8d in section 145 of the Charities Act 2011. 1 confimi that l am qualified to undertake the 8xamination because I am a member of the Inslitul8 of Chartered Accountants in England and Walas (ICAEWI, which is one of thé Ilsted bodies. I have completed my examination. I confirm that no matters have come to my attentlon In connedion vAth the examination giving me cause to believe that in any material respect= accounting records were not kept in respect of the Charity as required by section 386 of th8 Companies Act 2006. the financial statements do not accord with th¢)se récords., or the financial statements do not comply with the accounting requirements of sectlon 396 of the Companies Act 2006 other than any requiremenl that the financial ststements glve a true and fair vigw, which is not a matter considered as part of an independent examination., or the financial ststements have not been prepared in accordance with the m9thods and principles of the Statement of Recommended Practicè for accounting and reporting by charities applicable to charlties preparing their financial statements in accordance with the Flnancial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102). I have no ¢on¢em$ and have come across no oth8r matters in connedion with the examination lo which attention should b8 drawn in this report in order to enable a proper understanding of the financial statements to be reached. Mohammad Jilani Independenl examiner Pearlman Rose Chartered Accountants Suite 1, First Floor Ja¢k Dash House 2 Lawn House Close London E149YQ Dated: zo LC
PLIAS RESErrLEMENT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrietsd Restricted funds funds 2024 2024 Total Unro$trlcted Restrlcted funds fvnds 2023 2023 Total 2024 2023 Notes Income from: Charitable adivities Investments 171,855 7,460 260.118 431,973 7,460 209,685 5,397 444,316 654.001 5,397 Total incomo 179,315 260,118 439,433 215,082 444,316 659,398 Expondlture on: Charitable adiviti8s 324,063 289,183 613,246 155,067 494,954 650,021 Total exponditur8 324,063 289,183 613,246 155,067 494,954 650,021 Net Incomellexpenditura) and movement in funds 1144,748) {29,065) (173,813) 60.015 (50.638) 9,377 Reconciliation of funds: Fund balances at 1 January 2024 415,647 60,665 476,312 355.632 111,303 466,935 Fund balances at 31 Decembor 2024 270,899 31,600 302.499 415,647 60,865 476,312 The statement of financial activities includes all gains and losses recognised in th8 year. All income and expenditure derive from continuing activities.
PLIAS RESEThLEMENT LTD BALANCE SHEET AS A T 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tanglble assets 10 56.367 64.134 Current assets Debtors Cash at bank and in hand 11 12.151 376.567 22,265 539,888 388.718 562,153 Creditors: amounts falllng due within one year 12 (142.586) <149,975) Not current assets 246,132 412,178 Total assets less current Ilabilities 302.499 476,312 The funds of the Charity Restrictéd Income funds Unrestricted funds 14 15 31,600 270,899 60.865 415,647 302,499 476,312 The company is èntlded to the exemptlon from the audit requirement contained in section 477 of the Companies Act 2006. for th8 year ended 31 D8mber 2024. The directors acknowledge their responsibilities for complying with the requirements of the Companies Aci 2006 with respect to accounting records and the preparation of financial ststements. The members have not required the company to obtain an audit of its financial statements for the year in question in accordance With section 476. These financial stalements have been prepared in a¢wrdance with the provisions applicable to companies subject lo Ihe small companies regime. 231912025 The financial statements were approved by the Trustees on ................... Mrs Jaffjueline Hinds Trustee Company registration number 05644439 {England and Wales)
PLIAS RESETTLEMENT LTD STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 Notes Cash flow$ from operatlng aetivitles Cash absorb8d by operations (168,601) {80,838) Investing a¢tlvltle$ Purchase of tangible fixed assets Investment income received 12,180) 7,460 (7,435) 5,397 Net cash genorated froml(usgd in) Investing a¢tlvltles 5,280 (2.038) Nat cash generated from flnaneing actfvltlos Net decrease In cash and cash equlvalents (163.321) (82,876) Cash and cash equivalents al beginning of year 539,888 622,764 Cash and cash equivalents at end of year 376,587 539,888
PLIAS RESErrLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting pollcles charity infomiatlon PLIAS RESETTLEMENT LTD Is a private company limitsd by guarantee incorporated in England and Wales. The registeréd office is Unit 12, Bridge Park Complex, Harrow Road. Brenffi6ld, NW10 ORG. 1.1 Accountlng ¢onvenlion The financial statements have been prepared in accordance wlth the Charity's governlng document. the Companies Act 2006, FRS 102 'Thè Financial Reportlng Standard applicable in the UK and Republlc of Irèland" and the Charities SORP "Accounting and Reporting by Charities: Slatement of Recommended Praclice applicablè to charities preparing thelr accounts in arKordance with the Flnanclal Reporting Standard appliGable in the UK and Republlc of Ir&land (FRS 102)" The Charity is a Publlc Benefit Entty as defined by FRS 102. The financial statements are prepared in sterling, which is th8 funclional currency of th8 Charity. Monetary amounts in thèse finan¢ial statements are rounded to th8 nearest £. The financial statements have been prepared under the historlcal cost convention. The principal accountlng policies adopted arè set out below. 1.2 Going concern At the time of approvlng the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existenoe for the foreseeable future. Thus the Tnjstees continue lo adopt the going conc8m basis of accounting In preparing the financlal ststements. 1.3 Charftable funds Unrestrirted funds are available for use at the discretlon of the Truste88 In furtherancè of their charitsblè objectives. Restricted funds are subject to specffic conditions by donors or grantors as io how they may be used. The purposes and uses of the restricted funds are sel out in th8 notes to the financlal statements. Endowment funds are subject to specific condltlons by donors that the capital must be maintsined by the Charity. 1.4 Income Income is r8cognised when the Charity is legally 6ntitled lo it after any perfonnance condltions have been mèt, the amounts can be measured reliably, and it is probable that Income will be received. Cash donations are re¢ognised on receipt. Other donations are recognised once the Charity has been notified of the donation. unless perfonnance conditions require deferral of the amount. Income tax recoverable in r8lation to donations received under Gfft Ald or deeds of cov8nant is recognlséd at the time of the donation. Legacies are reGognised on receipt or otherwise rf the Charity has been notified of an impending distribution, the amounl is known. and receipt Is expected. If the amount is not known, the legacy is treated as a contingent asset.
PLIAS RESErrLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 AOntIng policies (Continued) 1.5 Expenditure Expenditure is re¢ognis8d once there is a legal or constructlv8 obligation to transfer economic benefit to a third party, it is prob8ble that a transfer of economic benefits wlll be required in settlement, and the amount of the obligation can be measured reliably. Expendilure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking ea¢h activity. Direct costs attributable to a single activity ar8 allocat directly to that activity. Shared costs which contribute to more than on8 activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the usè of resourc8s. Central staff costs are allocated on the basis of time spent. and depreGlation Gharges are allocated on the portion of the asset's US8. 1.6 Tanglble flxed assets Tangible fixed as$8ts ar8 Inltlally measured at cost and subsequently measured at cost or valuatlon, net of depreciation and any impairment losses. Deprèciation is recognlsed so as to write off the eost or valuation of assets less their residual values over Iheir useful lives on the followin9 bases., Fixlures and fittings 15_200A of cost The gain or loss arising on the disposal of an asset Is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financlal activities. 1.7 Impalrniont of fixed assets At each reporting end dale. thè Charity reviews the caryying amounts of Its tsngible assets to detèmin8 whether there is any indlcatlon that those assets have suffered an impairment loss. If any such Indication exlsts, the recoverable amount of the asset is estimated In order to detemine the extent of the impairment loss (if any). 1.8 Cash and cash equivalents Cash and cash equivalent5 include cash in hand, deposils held at call with banks, other short-temi liquid investments with original maturit18s of three months or less, and bank overdrafts. Bank overdrafts aro shown within borrowings in current liabilities. 1.9 Financial instruments The Charlty has alected to apply Ihe provisions of Séction 11 '8asic Financial Instruments, and Sectlon 12 'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Charity's balance sh88t when the Charity becomes party to the contractual provisions of the instrument. Financial assèts and Ilabilities are offset, with the net amounts pr8sented in the financial statements, when there is a legally enforceable right lo set off the r8cognSsed amounts and there is an Intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Ba$1¢ financlal assets Basic financial assets, which include d8btors and cash and bank balancas, ar8 initially measured at Iransadion pricè includlng transaction costs and are subsequently carrfed at amortised cost uslng the eff8cliv8 interest mèthod un18ss the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market raté of interest. Financial assets classified as receivable Within one year are not amortised. 10-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Aceounting pollcles Icontinued) 8051¢ financial Ilabllities Baslc financial liabilities, includlng creditors and bank loans are initially reGogni$8d at transaction prlce unless Ihe arrangement constitutes 8 financing transaction, where the debt instrument is measured at the presènt value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised CA)St, using the effective interest rats method. Trade Creditors ar8 obligations to pay for goods or services thal have bèen acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-current liabillties. Trade credltors are recognlsed initially al transaction price and subsequently measured at amortised cost using the eff8ctlv8 interest method. Derecognition of flnanclal Ilabllltles Financial Ilabilities are derecognised when the Charity's contractual obligations expir8 or are discharg8d or cancelled. 1.10 Employoe boneflts The cosl of any unused hollday entillement Is recognised in the p8ri0d in which th8 employee's services are received. Temiination b8n8fits are recognis8d immediately as an expense wh8n the Charity is demonstrably commltted to termlnate the employment of an employee or to provide termlnation benefits, 1.11 Retlrement benellts Payments to defined contrEbution retirement benefit schemes are charged as an expense as they fall due. 1.12 Llmlted by guarante8 The charity Is a company limited by guarantee and has no Sha eapltsl. Critical accountlng e5timales and Judgements In Ihe application of the Charity's accounting policies, the Trustees are required to make judgemgnts. estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experiènce and other factors that ar8 considered to be relevant. Actual results may differ from these estimates. The astimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the p8riod in which the estimate is revi58d where the revlslon affects only that period. or in the period of th8 revision and future periods where the revision affects both current and future perlods. 11
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from Gharitablo actlvttles Unrnstricted Restricted funds funds 2024 2024 Total Unrestrlcted Restricted funds funds 2023 2023 Tolal 2024 2023 Youth Futures Foundation London Training & Employmenl Prospects Infonnation & Support G4S Family Works London Communty Foundation Uoyds Bank Foundation Young Brent Foundation Brent Council NCIL AWL Pilgrim Trust Asian Women's Resources Centre Brent Carers Centre John Lyons Charliy Synergy Vision Other Income Brunel University London North West Heallhcare Charity Locality First Hung Step Up Hub 103,824 103.824 144,164 144.164 56.794 56.794 159.055 {20,535) 159.055 (20,535) 125.363 125,383 6.833 6,833 54,487 54,487 25,000 6,094 15.350 40,091 20,000 25.000 16.890 11,340 16,890 11.340 6,094 15,350 40,091 20,000 40,853 24,228 39,900 40.853 24,228 39,900 51,067 9,551 39,900 1,000 51,067 9,551 39,900 1,000 1,128 1.400 3.141 3,141 1,128 1.4LIO 11,250 5.000 11,250 5.000 6.991 23.203 62.612 62,612 6,991 23.203 171,855 260,118 431,973 209.685 444.316 654,001 In¢ome from invoslments Unrestricted Unrestricted funds funds 2024 2023 Interest receivable 7,460 5,397 12-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Expenditure on charitable activltles 2024 2023 Dlroct costs Share of support and govemance costs {see note 6) Support 613,246 650,021 Analysls by fund Unrestricted funds Restricted funds 324,063 289,183 155,067 494,954 613,246 650,021 Support costs allocated to actlvilies Unrestrlctod funds 2024 Restricted fund3 2024 Totsl Total 2024 2023 Staff costs Rent Repairs & malntenance Insuranc8 Printing, postsge & stationery Telephone & fax Education training & projeGt costs Travel & subsistence Volunteer èxpenses Staff wélfare Govemance 237,194 11,998 1.470 1.275 2,486 3.980 14.873 1,032 835 1,010 47.910 196,812 23.290 2,854 2.474 4,825 7,726 33,640 2,003 1,621 1,961 11,977 434,006 35,288 4,324 3,749 7,311 11.706 48,513 3,035 2,458 2,971 59,887 459,066 41,770 12.696 3.366 9,936 7,294 30.666 3,376 2.635 11,765 67,451 324,063 289.183 613.246 650.021 2024 2023 Governancè costs comprlse: Depreciation Accountancy L8gal and profvsslonal Consultancy Bank charges 9.947 10,324 39,468 11,318 3,250 41,919 10,746 218 148 59,887 67,451 13-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement In funds 2024 2023 The net movement in funds is stated after chargingl(crediting)'. Fees payable for the independent examination of the charity's finandal statements Depreciation of owned tangible fixed assets 9.947 11.318 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Admlnlstrative Management 10 14 Total 12 16 Employment costs 2024 2023 Wages and salaries Social security costs other pension costs 385,154 36,560 12,292 409,708 37,253 12.105 434,006 459,066 There were no employees whose annual remuneration was more than £60,000. Remuneration of key management personnel The remuneration of key management pèrsonnel was as foll¢)ws: 2024 2023 Aggregate compensation 113.190 115.215 Taxatlon The charity is exempt from taxation on its actlvities because all Its income is applled for charitsbl8 purposes. 14-
PLIAS RESETTLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Tangible fixed assets Flxturgs and ffttlngs Cost At 1 January 2024 Additions 250,424 2,180 At 31 December 2024 252,604 Dèproclatlon and impairmgnt At 1 January 2024 Depreciation charged in the year 186,290 9,947 At 31 December 2024 196,237 Carrylng amount At 31 December 2024 56,387 At 31 December 2023 64,134 11 Debtors 2024 2023 Amounts falling dua wlthln onè year. Trade debtors Other debtors Prepayments and accrued income 10,213 9.574 2,478 9,574 2,577 12.151 22.265 12 Crèditors: amounts lalllng duo wilhin on8 year 2024 2023 Other tsxation and social security Trade creditors Other creditors Aru81S and defeTred incom8 6.088 389 132,859 3.250 12.414 421 132,540 4.600 142.586 149,975 13 Retlrèment benefit schomos 2024 2023 Deflned contributlon schemès Charge to profft or loss in respect of defined contribution schemes 12.292 12.105 15-
PLIAS RESErrLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Retirement benoflt schemes (Continued) The Charity operates a definèd contribution pension scheme for 811 qualifying employ88s. The assets of the scheme are held separately from those of the Charity in an Independenlly administered fund. 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific wnditions by donors as to how they may be used. Al 1 January 2024 Ineomlng Resources resources expondod At31 December 2024 Restricted funds 60,665 260.118 {289.1831 31,600 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 Restrfcted funds 111,303 444,316 (494,954> 60,665 15 Unrestri¢ted funds The unrestricted funds of the charily comprlse the unexpended balances of donations and grants which a not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted fvnds by the twstèes for specific purposes. At 1 January 2024 Incoming resources Resources expended At31 De¢embgr 2024 General funds 415,647 179,315 (324,063) 270.899 Previous year: At 1 January 2023 Incoming Resou0$ resourc•s expended At31 December 2023 General funds 355,632 215,082 (155,067) 415,647 16-
PLIAS RESErrLEMENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Analysis of net assets between funds Unrastrlcted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current assetsl(liabilities) 56,367 214,532 56.367 246,132 31,600 270,899 31,600 302,499 Unrestrietsd funds 2023 Restricted funds 2023 Total 2023 At 31 Decembor 2023: Tanglble assets Current assetsl{liabllltles) 64,134 351,513 64,134 412.178 60,665 415,647 60,665 476.312 17 Related party transactions There were no disclosable related party transactions during the year {2023 - non8)- 18 Cash absorbed by operations 2024 2023 {Deficitysurplus for the year <173,813) 9.377 Adjustments for: Investrnent income recognised in ststement of financial activities Depreciation and impaimient of tangible fixed assets {7,460) 9,947 {5.397) 11.318 Movements In working Gapital: Decrease in debtors {Decrease} in creditors 10,114 {7,389) 48.094 (144.230) Cash absorbed by operatlons {168,601) (80,8381 19 Analysls of changes in nèt funds The Charity had no matgrial debt during the year. 17-