Company registration number: 06438245- Charily re81stralion number.. 1125571 Plus You Limited (A company limited by share capitsl) Annual Report and Financial Statements for the Year Ended 31 March 2025 IMWWllWll *AEIIK85E' 2311212025 COMPANIES HOUSE A22
219
201025
Plus You LimRted Annual Report and Financial Statements For the year ended 31" March 2025 Contents Reference and Administrative Details Trustees, Report 5t013 Stalemenl of Trusiees. Responsibilities 14 Report of the Auditors l5to 18 Sialement of Financial Activilies 19to20 Balance Sheet 21 to22 Sthiemcni of Cash Flows 23 Notes to Ihe Financial Siat¢menls 241036
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Reference and Administrative Details Trustees Paul Whitmore. Resident Director, Chair Christine Holland. Resident Director Timothy Ink50n. Partner Director {resigned 10 October 2924) Nicola Green, Resident Director Gary King, Partner Director Hadleigh GaudT¢au, Partner Director Jean King, Resident Direclor Chief Executive tkbbie King MBE Registered Office The Highpoint Venue Bursledon Road Southampton Hampshire S019 8BR Company ReElstrAtlon Number 06438245 Charity Registratlon Number 1125571 Soli¢itor$ Anthony Collins Solicitors LLP 134 Edmund Street Birmingham B3 2ES Bankers HSBC 55 Above Bar Street Soulhamplon S0142DS
Plus You Limited Annual Report and Financial Statements sl For the year ended 31 March 2025 Auditor X¢inadin Audit Limited 8th Floor Becket House 36 Old Jewry London EC2R 8DD Accountants Xebra Accountin8 5A The Gardens Fareham P016 8SS
Plus You Limited Annual Report and Financlal Statements st For the year ended 31 March 2025 Trustees, Report The Trustees present their Annual Report for Plus You Limited (PYL) for the year ended 31°, March 2025. All individuals appointed to the PYL Board fulfil the role of Trustee, Director and Member, for the pury)ose of this report they will be known as Trustees, and Plus you Limited will be known as PYL. The Irustees confirni that they have complied with the requirements of section 17 of the Charilie5 Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. l. Our aims and objectives Purpose Our Charity was set up to succeed and continue the work of our predecessor. This remains our Primary purpose and is defined ID th¢ objects contained in the Company's Articles of Association as.. The promotion for the public benefit, of urban or rural regeneration, in areas of social and economic deprivation {in particular the Area of Benefit - Thornhill). • To dev¢lop the capacity and skills of the members of the community in such a way that they are bctt¢r able to identify, help meet their needs and to participate more lEY in society. Ainis Our overall aim is to focus on the growth and prosperAty of our residents. by using our resources to provide care, encouragement, and support, empowering the people of Thornhill. So, developing a "Successful, Thriving? Thornhill" In addition to this, PYL would like to ensure that the improvements made to the built environment over the life of our predecessor is maintained and built upon. All surplus funds within the charity will be used to deliver prOjeCt1n1tiatiVes that will support the achievement of the Charity's aims and objectives. Curren¢year objectives The Charity's objectives for 2024125 continued to be very focused on making a positive impact in our community. How¢ver, th¢ future of the Higbtown C¢ntr¢ remains uncertain, so. Continuing to seek funds or other solutions to support the repairlreopening of tbis site sits at the top of our agenda. This property is a primary Set to the Charity and the Community, that in its prime was a hive of activity, offering a variety of opportunities, activities, events, and support.
Plus You Limited Annual Report and Financial Statements sl For the year ended 31 March 2025 Another key focus for the year is ihe Highpoint Venue. We need to focus our efforts to improve revenue in this area of our Charity l Business. With the astronomical increas¢ in rut1ng costs this past couple of years and more on the horizon our Cuent revenue streams barely cov¢r the running costs and will not ¢ontinue to do so if costs keep increasing and revenue stays the same or even decreases. The Objective5 for tbe year are as follows.. Community l. Achieve our principal charitable aim of positively impacting the Conununity by building on exisling provisions and projects. 2. Invcstigate needs within th¢ community and identify projects to support the findings. 3. Update our corporate website and increase social media presence to promote the community projects supported by PYL. 4. Explore fvnding opportunities to facilitate the repair I reopening of Hightown. Organls2tlon l. Seek out and appoint additional trustees of PYL to strengthen and diversify the Board. Flnances l. Seek to fvrther utilise our assets to increase our income. Increase room bookings by improving our Highpoint website and additional advertising. b. Continue to support I drive the growth of Highpoint Hospitality Services Limited. 2. Continue to have a sulTicient reserves fund to support the charity in the event of large building repairs and sudden loss of income from our property portfolio. Despite our financial difficulties this year we Continued to deliver our usual aetivities I projects and support to the Community of Thornhill. Please continue to read below for more detailed infomiation on our projects. Our Café/Bar on the other hand has done v¢ry well this ycar. W¢ opened our doors for more daysthours in October 2023, and the business has just grown steadily though the year. Our success story remains the level of Community Projects we have managed to continue to deliverlfund this y¢ar.
Plus You Limited Annual Report and Financial Statements For the year ended 31 March 2025 Activities The annual I regular increases in the cost of living continues to have a SilfiCant impact on communities like ours. Families on low income and those on benefits battle against the daily struggles to make ends meet. Projects like our Wann Hub, and OAP Fish & Chip Friday, continue to be more important ihan cv¢r. As well as providing somewbere wami to gather or a hot meal. these projects also provide a safe space to share some social time with others and an opportunity to get out of the house for some fresh air. Reducing isolation and loneliness for our elderly I vulnerable residents is very important too. We were very lucky to again receive some unexpected funding this year from a very generous supporter. This money goes towards supporting our kn'ds Easter, Halloween and Christmas Parties. The kids have a good meal and go home with booty bags and gifis. Our Staff provide all the catering, serving and ¢nt¢rtainm¢nt in house for these projects. Our young people are th¢ future of our Community and Society as a whole. We need to ensure we invest in them and raise their aspirations for their futures. Projects W¢ Tun this year:. the Kids Holiday Lunch Club where up to 30 of our local primary school children can g¢t a free hot lunch & pudding 3 days a week duriDg the school holidays. This year we delivered 567 hot meals and puddings. Our free Santa Grotto runs out of the Highpoint Café/Bar for three evenings in December and just seems to get more and more successfi)l each year. The Grotto is lovely, designed and set up by our Staff team. We get lots of very posilive feedback and all children go away with a selection pack from Santa. Santa gave away 300 selection parks and was left feeling very exhausted needing to recharge his batteries in time for Christmas Ev¢! 30 Children who attend our Holiday Lunch Club were invited to a free Christmas dinner. Everyone went away will full bellies and gifts after a surprise visit from Santa. A successful Tai Chi club Tuns once a week at the Hinkler Centre. Our Community Shop at Hinkler opens 09:00 to 13..00 Monday to Friday. Our OAP Fish & Chip Friday delivered 221 hot meals & puddings this year and put a smile of the face of ov¢r 40 individuals. Our Food Market partnership with Oasis has been very successful this year. It runs out of Highpoint. Library continues to run from the Hinkler CeDtr¢. We also provide an open house service from our offices at Highpoint Monday to Friday, where the community can drop in for help, advice, and signposting to relevant organisations. We provided Basics Bank refealS1v0UcherS and a variety of other support. In addition to the projects l initiatives we deliver, we also take care of our properties to ensure we have the space to use for delivering our activilies and for hiring out to generate the income to fund the projects we deliver. Building management I maintenance is very Costly, arduous, and time consuming so all of this is managed in house.
Plus You Limited Annual Report and Financial Statements $t For the year ended 31 March 2025 Public Benefit The Charity's primary purpose is to achieve public benefit, both for Thornhill residents and the wider community. We believe that it is of Public Benefit that PYL should do everything in its power to ensure its tUre survival. The survival of a Charity like PYL, that depends on its assets generating sufficient surplus in¢ome to sustain the Charity's fure and the delivery of projects is always going to be and to date always has been tenuous. In this cuent climate that is even more prevalent, making the future very uncertain and turbulent. With such an uncertain future and the survival of thc Chairty being of paramount importance, much of th¢ year was spent lookAng for ways to mitigate this risk. 2. Achlevements and performance Overall PYL'S project delivery ¢ontinu¢s to be very good making it a success1 year, from the perspective of meeting our Charitable aims (As outlined in ihe Activities Section above). However, the financial struggles we've experienced these past few years have just compounded, coming to a head this year forcing the Trustees hand to mak¢ some very difficult decisions. With increased cosls coupled wilh the fall in our income, it remains a stark truth that we can only deliver projects that surplus funds enable us to. It's only the reserves fimd PYL had put aside, that enabled us to maintain and deliver our usual standard of projects during the year. So, going forward things need to change to enable the Chairty to focus more on its charitable activities. 3. Flnanclal Revlew The results for the year ended 31" MaT¢h 2025 and the financial position of the Charity are as shown in the annexed financial statements. Last year's report highlighted that the financial bottom line for the year didn't look good. At the end of this year that statement is truer than ever. Options to improve the Charity's situation are limited and having explored all of them in detail the Trustees chose the besl option available, one that could yield the best outcome for the Charity and potentially secure its future. If we continued to try and increase revenue to offset the losses, we could and most probably would, fall fowl (end up in administration) long before we achieve that position. Taking the view that they would rather give the Charity a fighting chance, the choice to sell one of our properties. despite it being a difficult Choice, was agreed to be the best way forward. As a self-sufficient Chairty. PYL survives solely on the income generated from its property portfolio. This incotne covers all its overheads aud provides a sUlUS that then covers the cost of its Charitable activities, the projects and initiatives delivered to Thomhill. Like many Cbarities / Business PYL has struggled this year and even though we all can't continue to blame the difficulties we are currently experiencing on Covid, it most certainly did change things. Things such as behaviours, expectations, how people worl how the workplace is used, workspace
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 requirements. increased costs causing finan¢ial pressur¢s. and so on. For PYL this has led to a seveT reduction in the hire of space at Highpoint. Couple this with the astronomical increases in utilitics and all the Increased cost of running properties, and it spells disaster, the numbers just don't add up. This is all evident in the fjgures attached to this report. As a Charity w¢'ve had to do some serious thinking and make some extremely difficult decisions to ensur¢ the future of this Charity. Our Board of Trustees and Staff Team take their roles and responsibilities very seriously and are totslly passionate about and committed to ensuring the future of PYL for the benefit of Thornhill. This past y¢8r it has also bccomc very apparent ther¢ is no funding streams available to support the repair / reopening of Hightown and as things stand PYL does not have the funds to allocate to such extensive repairs. At the March 2025 Board Meeting taking 11 consideration of the financial position, the budget forecast for 202512026, and after many months / hours of deliberation and r¢search, the Board of Trustees made ihe extremely difficult decision to sell one of our properties. This was deemed the only viable way forward that would ease financial pressure and liquidate ndS to support the future aims and objectives of this Charity for many years to come, so securing its fUre. It was agreed if this decision was not made the tUre of the Charity would be very tenuous and probably short lived. The property that PYL decided to sell would be The Highpoint Venue. PYL were never the intended owners of such a large, state of the art, property. PYL didn't have the capacity or the resources to deal with it. This situation only came to be after fomier owners Eastpoint went into administration in February of 2014. At first PYL found itself in a very difficult position, however, soon great strides were made, and the building began to yield financial rewards. Sadly, in recent years having experienced the changes outlined above, this property has lefi the Charity with more of a deficit than a positive yield. Also, the added pressure and cost, of constantly trying to increase the trading of Highpoint has made it the right decision to sell. So! PYL wound up the year WAth the focus being on the appointment of Estate Agents and the Highpoint Venue being put up for sale in QI of 202512026. PYL is fully aware that the sale of Highpoint could potenlially be a very long process maybc 2-3 years and will be making financial arrangements to support the Charity though this period. Until such times as Highpoint is sold its business as usual at Htghpoint, we conlinue to take bookings and deliver events, until furthcr notice. In the meantime, Staff work tirelessly to keep expenditure to a minimum, going forward there will be even more-emphasis on this practice. The upkeep of our property portfolio can be very costly and its extr¢mely difficult io predict when repairs costs will arise. This makes it vital for us to take good care of our properties to ensure minimum expenditure in this area. The biggest pressure on the Charity at present is utility costs and property repair costs. The sale of Highpoint is a positive move by the Charity, aiming to liquidate funds to secure the future of PYL for years to come. Il will enable the Charity to return to its roots and focus more on its charitable objectives.
Plus You Limited Annual Report and Financial Statements sl For the year ended 31 March 2025 4. Structure, Governance & Management Governing Document PYL is a Trust incotporated as a Charitable Company limited by guarantee, without share capital. As such il was established under the Arti¢l¢s of Association (as amended 3rd October 20I6). The Articles of Association clcarly outlines the objects and powers of the Charitable Company whilst it is governed under its Articles of Association. The Trustees of PYL are the Directors of the ¢haritable company for the purpose of company law. In the event of the company being wound up the Directors are required to ¢ontribiite the sum of £ l. Board of Truslees PYL has a Board of12 Trustees when at full capacity, composed of 7 Thornhill Resident Directors, and 5 Partner Directors. Th¢ names of the Trustees during the financial period arc as s¢t out in the legal and administrative section of this report on page 3. The Board of Trustees meet every quarter (4 times a year) to go over the finances WAth additional specific subject matter meeting as required. The Board is quorale when one third of Ihe Trustees are Present, with the majority of the third being Resident Trustees. The Board spend the 4 quarterly meetings reviewing expenditure against budget forecast and addressing any financial adjustments that may be required moving forward. The remaining meetingls of the year are utilised as a focus group, where ihe Board monitor and plan project d¢liv¢ry and business development. Recruitment of Trustees PYL'S Resident Trustees are elected to the Board via an open and transparent process in accordance with the Articles of Association. All residents living in the community of Thornhill are invited and given the opportunity to pul Ihems¢lvcs forward as prospective Trustees of PYL, Each Trustee will hold office for a tem] as near to six years as possible. An election is held every 2 - 3 years with one third of the Resident Trustees ceasing to hold office (either standlng down or submilting ihemselves for re-election). All prospective candidatcs (iDcluding Trustees up for re-election) are encouraged to canva5 for SUPPOrt/votes. The election process is advertised to the whole community, application fonns are readily available, election statements are prepured, dnd ihe whole election process 15 independently adjudicated (providing the number of candidates looking to sland exceed the number of seats available). If a significant number of candidates do not come forward for election, there is no election process. The candidates that have put tbemselves forward are interviewed and elected by the Trustees. The Articles of Association further enable Resident Directors to be appointed to the Board between elections on a casual basis as required. This is subject to the maximum number of Rcsident Members, as laid out in the Articles of Association. These casual appointments will hold office until the next round of forn]al elcctions, at which point they must put thcmselvcs up for fornial election. On their successful appointment they will hold office for a terni as near to six years as possible. io
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 In accordance with the Articles of AssociatlOD, Partner Directors are invited and appointed by the Board of Trustees. Partner Direclors hold office for a terni of two years from date of appointment but may be re-appointed. The Charity has a job description that outlines the roles and responsibilities of being a Director, which is given to all piosp¢¢tive new Directors. All newly appointed Trustees are offered an induction, tailored to mcct individual requirements, and offered the support of a buddy, namely an experienced Trustee. All members of the Board give tbeir time voluntarily and receive no benefits or remuneration from the harity. Any expenses Teclaimed from the charity, must be claimed in accordance with our Board Member and Volunt¢¢r Expenses policy. In Te¢ent years it has proven very difficult to recruit Twstees. This can be seen as a time-consuming arduous task that isn't very attractive. To that end we haven't had to hold a full-scale community election for many years, we currenily appoint to the Board when we can and hold on to our Trustees for as long as we can. Elections In accordance with th¢ Articles of Association, Resident Trustee elections should take place every 2 - 3 years, with one third of the Resident Trustees being required to cease to hold office (these TTUStees are able to re-stand for election). Elections were last held in January 2019, ss stated since this date we have not requir¢d a full election. Risk Management The key risk management issues identified by the Charity continue to be those of building reserves and diversifying the income. The challenge of increasing revenue is getting harder each year which then puts pressure on any reserves we may have. Currently all our properties could be classed as a risk, as even the newest of them Highpoint, The Hinkler Centre, and the Commercial Units at Hinkler, due to them all being over 12 years old, are generating high cost with general repairs. Hightown got to a point where the Charity could just not afford or justify that level of cost any more. We have managed to retain/maintain the small reserves fund that we have put asid¢ in the past few years, however we are mindful that if things do not improve this will begin to dwindle very soon, Overall, the Charity in the past has been in some tough financial situations, and has dealt with it amicably and survived. However, despite its tenacity, these are very different times we fd ourselves in, and there is only so much mitigation one Can achieve! li
Plus You LimRted Annual Report and Financial Statements st For the year ended 31 March 2025 Auditors This year the charity's auditors, Xeinadin Audit, have expressed their willingness to continue in that capacity. Disclosure of information to auditor Each trustee has taken steps that they ought to have taken as a trustee in ord¢r to make themselves aware of any relevant audit infomiation and io establish that the charily's auditor is aware of that information. The trustees confm that there is no relevant inforn]atAon that they know of and of which they know the auditor is unaware. In so far as the trustees are aware.. • there is no relevant audit inforn]ation of which the charitable company's auditor is unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that inforniation. Financial Risk Objectives andpolicies The charity's activities expose il to a number of financial risks including credit risk, cash flow risk and liquidity risk. Cashflow risk The charity's activilies do not expose it to any significant areas of cash flow risk. There is no exposure to foreign cuencieS or interest rates. Credit risk The charity's principal fulancial assets are bank balances and cash, trade and oth¢r receivables, and property investm¢nts. The charity's Credit risk is primarily attTibutable to its trade receivables. The amounts presented in Ihe balance sheel ar¢ net of allowances for doubtful rpxeivables. An allowance for impainnent is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credif-rating agencies. 12
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 The charity has no significant concentration of credit risk, otheT than its exposure to its main tenant, being a public body. Liquidity risk In order to maintain liquidity to ensure that sufficient ndS are available for ongoing operations and future developments, the charity has adequate cash reserves and botTowing facilities Sincere Thanks The Trust is graleful for the conimitment, support, and patience provided by its Board of Trustees, Staff, and Volunteers, through what continucs to be the most challenging and turbulent times. Without each and every one of them and their dcdicalion, the fijture of the Charity would not Ix possiblc, nor would it be able to move forward in the positive manner that it currently is. This report has been prepared in ac¢ordan¢¢ witb applicable law and United Kingdom Accounting Standards (United Kingdom Gener211y Accepted Accounting Practice), in accordance with Chapter 3 of Part 16 of the Companies Act 21)06. The annual report was approved by the trustees of the charity on 20th Octolxr 2025 and signed on its behalf by.. Paul Whitmore Chair of Trustees 13
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Statement of Trustees, ResponsibRlitRes The Truslc¢s (who are also the directors of Plus You Limited for the putposes of company law) are responsible for preparing the tn)stees' report and the financial statements in accordance with Ihe Unil¢d Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requtres 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 fJir view of the state of affairs of the charilable company and of its incoming resources and application of resources. including its income and expenditure, for ihal period. In preparing these financial statements, the trustees are required to: select 5Ultable accounling policies and apply them consislcnily; observe the methods and pnnciples in the Charities SORP; make judgements and estimates that are reasonable and prudent- state whether applicable UK Accounting Standards have been followed. subject lo any material departures di5¢105ed and explained in the financial slat¢ments- and prepare the financial statements on the going concern basis unless il is inappropriaie lo presume that the charilable company will ¢onlinue in busine5S. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time thc fanCIal position of the charitable company and enable them to ensure that the fancial statements comply with the Companies Acl 2006. They are also responsible foT safeguarding the assets of the charitable company and hence for tskin8 reasonable steps for Ihe prevention And deieclion of fraud and other irregularities. Approved by the Trustees of the charity on 201h October 2025 and signed on its behalf by.. Paul Whltmore Chair of Trustces 14
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Report of the Auditors Opinion We have audiied the financial Slatenients ot- Plus You Limited (the 'charitable company.) for the year ended J l March 2025 whiLh comprise the Statemenl of Financial ALCivities, the Bal¢inLe Sheet. rhe Cash Floiv Sialem¢nt and i)otes to the financial statements. includinby a summary of significant accoiiiiling policies. The financial reporting franiework that ha5 been applied in (heir preparaiion is opplicable law and United Kingdoni AcLounlin¥ Standords. incliiding Financial Reporting Standard 102 The FinanLial Reportinby Siandaid applicable in Ihe UIQ and Rcpublic of Ireland {Unil¢d Kiiigdom Generally Accepted Accounting Practice). Iii oiir opii)ion the financial statemcnls: give a Irue and fair view of the state of the charitable company's affairs as at 31 March 2025 i)d of ils incoming resources and appl icalioii of resources, inLluding its income and expendirure, for the year then ended. have been properly prepared in accordance with Uniied Kingdom Geiierally Accepted Aecounling Praeiice; and haiie been pr¢pLired in <iccordanc¢ with the reqiiiremenrs of the Companies Aci 201 Basis for opinion We coiiducted our audit in accordance with International Stsndards on Aiidiling (UK) (ISAS (UK)) and applicable law. Our responsibilities uiider Ihosc standards are fiirther described iii the Auditors respunsibilities For the audit of the financial Statements section of our report. We are independent of the chill'ilable company in accordance with the ethical requirements that ui'e relevant to oiir aiidii of the financial sraiements in the UK, including Ihe FRC'S Ethical Standard, and we have fulfilled our oiher ethical responsibilities in accordance with these requiremenls. We b¢lieve thai rhe audit evidence we have obtained is sufficient and appropiiate to provide a basis for our opinion. Conclusions relating to going concern We have nothing lo report in respecl of the following matters in relation to which th¢ ESAS (UK) require us to report lo you where: the trustees, use of the going concern basis ol accoun(in¥ in the preparation of the financial statements is i)ot appropriate. or the lrnslees have not disclosed in rhe financial 8talemcnls any idcnlificd mat¢rial unc¢rluinlic$ that may casr significant doubt about thc charitablc company's ability lo continue to adopt the going concern basis of accounting foi. a period of at least twelve monrhs from the dale when thc financial statements are authorised for issuc. 15
Plus You Llmited Annual Report and Financial Statements For the year ended 31" March 2025 Other inforrnation The trusiees are responsible for the other infomiatioii. The orher infonnation coinprises the informaiion included in the annual report. other than tlie financial stdiements and our Report of the Independent Auditors Ihereon. Oiir opinion on the finaiicial staremenls does not covcr the other inforniatioii aiid, except to the exteiil otherwise expliciily stated in our report. we do not express any form of assiirance conclusion thereon. In Lonneclion wilh our alidit of the financial statenients, oiir responsibilily IS to read the other in lormation and, in doing so, consider whether the oihcr inforniation is materially inconsisteni with thc financial siaieineiils or our knowledge obtaincd in th¢ audit or oiherwiso app¢ars lo bc materially mis5tsted. If we identity Slich material incon51Stencies or apparent material misslalements, we are required 10 detennine whether there 18 a milterial misstatement in the financial slalements or a materi<l1 niis5tatemeni of rhe oihcr infomialion. If, ba.sed on th¢ work we have performed, Ive concludc Ihat tlierc is a material misstatement of this other inforniation, we are required to report that fa¥t. We have noihing lo report in Ihis regard. Opinion on other matters prescribed by the Charities (Accounts and Reports) Regulations 2008 In our opinion. based on Ilie work undertaken in tlie course of the audit.. Ihe information given in the Report ot Ihe Trustees for the finonciol year for which the riiiaiicial siaiemenis are prepared is consislcnt with thc financial siatemenls: and Ihe Report of the Trusiees ha5 been prepared in accordance with applicable legal requirement5. Matters on which Ive are required to report by exception In the light of ihe knowledge and understanding of the charilable compuny and its environment obiained in the coiirse of Ihe audit, we have not identified material misstatement8 in tht Report of th¢ Trustees. We have rjoihing lo report in respecl of the following matters where the Companies Act 201 I require5 us lo repoil to yvu it. in our opinion= adequate acLounling r¢cords have not been kept or return5 adequa¢c for our audit have iiot been received from branches noi visited by us,. or the financial statemunl.g are not in agrcemcnt with Ihe accoiinting records and reliirn.s; or certain disclosiires of Inisiees, remunei'alioii speLilied by law dl'e not made. or we have not received all Ihe infomiatioii aiid explanations we requir¢ for our audil. 16
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Responsibilities of triistees As explaiiied more fully ii) thL Sialenient of Trustees Respoi)sibiliries. the Iruslees (who are also Ilie direLlors of the ch(iril<ible company for Ihe piirposes of company law) are responsible for ihe preparation of the finaiicial statements and for beinu satisfied thai they give a true and fair view, and for such intenial coiitrol as tlie Inislecs delemiine is necessary to enable Il)e prcp1c ration of f.iiiancial stalemenis tha( are tree from niaierial nii551atement, whether due lo fraud or eOr. In preparing the finai)cial slalemenls, the trustees (ire responsible foi. assessing the cliarilable compaiiy's ability lo coniinLie as a going conceni, disclosing, as applicablc. mattcrs rclaied lo goi ng coiicerii ai)d using Ilie goiii¥ cuiicern basis of accounting unless Ilie ISteeS eiil)cr intend to liquidate Ili¢ chiirilable company or lo c¢asc operations, oi. have no realisiic aliemalive bui 10 do so. Our responsibilities for the audlt of the financial statement$ Oiii. objcclives are 10 obtain reil.5011ablc assur&iliCC aboiil wheilier Ihe fiii¢illciiil 51olcin¢nls as ii wliole are free from maierial missialemenl, whether due lo fraud or ei'ror, and lo issiie a Report ot. the Iiidcpcndenl Auditors that inclLides OLir opinion. Rcasonable assuraiicc is a high level of assiiraiice, bill is not a guarantee that an audit conducted in accordancc willi ISAS (UK) will alivays delect a ITIMlerial misstaremeni when il exists. Misstatements can arise Irom fi'dud L)i' error dnd dre considered material i r, individiially or in the aggregate, they Lould reasonably be expected lo influence the economiL' decisioiis of users taken 01) tlie basis of thes¢ financial siaiemenls. IrregLil#rilies, including fr1< Lid, are instances of non-compliance with l<iWS aiid regulations. We dcsign procedui'es in line with oiir responsibiliiies, Oiltlined above, to deleci m<ilei'ial missialemenls in re5peLI of irreglilarities, including fraud. The ¢xi¢nl lo which oui. procedures are capable of delccting irregul<irities. incliiding fraud is detailed beloiv.. Enquiiy of management, and those charged with governance re aLIu411 and polentliil litigation and claiii).g. Enquiiry of Staff iii compliance functions to identify any non<ompliance with laivs aiid regulations. Reviewing niinutes of iiieelings of those cliarged with governance. Revicwing disclosures and testing to documcnls lo assess compliance with applicable laws and regulations. Auditing the risk of management override of controls. and evaliiating Ihe biisiness rationalc of significanl Iransaclion5 Outsidc the nornial coursc of busiiiess. A further description of oiir responsibililies for the aiidit of Ilie financial stalemcii15 is localed on thc Financial Reponing Council'5 websile at www. Irc.oi'g.uklauditorsresponsibililies. This description fomis part of our Report of the Aiiditors. 17
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Use ol'our report This report is made solely lo the charitable compaiiy's trustees. as a body. iii accordaiice with Part 4 of the Charities (Accoun15 and Reports) Regulations 2008. Our audit work has beeii undertaken so that we niight stale lo Ilie cliaritable company's Iruqt¢e5 Ihose matrei-s we ore I'equired lo slote to Ihem in an auditors, report and for no other PLirpose. To Ihe fullest extent pcnnitled by law, Ive do nol accept or assume responsibility to anyone other than the chariiable company and the charitable company's members as Él body. fur our audil work. for thi¥ report, or for the opinions ive have formed. Andrew Hill FCA (Senior Statutory Auditor) for and on behalf of Xeinadin Audit Limited 8th Floor Becket House 36 Old Jewry London EC2R 8DD 18
Plus You Limited Annual Report and Financial Stateinents For the year ended 31st March 2025 Statement of Financial Activities for the year ended 31st March 2025 Dcluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestrieted funds Re$tritted fund$ Tot#l 2025 Note Income And Endowment$ from: Donations and1¢8acies Charitable a¢tivitie5 Other trading activities Inveslrnent income Oiher incom¢ 2.235 43,575 268.380 106,168 2.235 50,293 268.380 106.168 6,718 Total income 424 729 Expenditure on: Charirable a¢iivities Other expendirnre (1 $9,757) 328 523 (44.875) (204,632) 328 523 Total expenditure 488 280 533 155 Net incom¢ 101708 Net movement in funds (63,5S I } (38,157) (101,708) Reconcllffiatlon of funds Total funds brought forward 4 948 329 4 988 725 Total funds carried forward 22 4 884 778 4 887017 19
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Statement of Financial Activities for the year ended 31 March 2024 ncludfing Income and Expenditure Account and Statement of Total Recognlsed Gains and Losses) Unrestricted fund$ Restricted fund$ Tot•1 2024 Note Income and Endowments frorn: Donations and le8acies Charitsble aclivitics Oiher trading activities Investment income Other income 3,870 35,928 243,188 107,732 3,870 58,178 243.188 107.732 22,250 Total income 394 386 416636 Expenditure on: Charitable activities Other expenditure (216,617) 340 295 (6,354) (222,971) 340 295 Total expenditure 556912 563 266 Net income 162 526 146 630 Net movemenl in funds (162,526) 15,896 (146,630) Reconclll4tlon of funds Total funds brought forward 5 110857 5 084 794 Total funds carried forward 22 4 948 329 4 988 725 The notes on pages 22 to 35 fom an inte8ral part of these flnancial statement5. All of the charity's activities derive from continuin8 operations during the above two period8. Th¢ funds bakdOWn for 2024 is shown in note 22. 20
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Balance Sheet as at 31 March 2025 (Registration number: 06438245) 2025 2024 Note Flxed assets Tangible assets Investments 15 16 4,704,057 100 4704 157 4,738,969 100 4 739 069 Current assets Debtors Cash at bank and in hand 17 18 l57,729 185 799 343,528 160,824 241499 402,323 Creditors: Amounts falling due within one year 19 160668 152 667 Net current Assets 183 860 249 667 Total assets le$$ current Ilabllltles 4,887,017 4,988,725 Credltori: Amounts fthlllng du¢ after more thgn one ytar 20 Net as$¢ts 4 887 017 4 988 725 Funds of the charity: Restrlcled Income funds Restricted funds 22 2,239 40,396 Unre$¢ri¢ted income funds Unrestricted funds 4 884 778 4 948 329 Total fund$ 22. 4 887 017 4 988 725 21
Plus You Limited Annual Report and Financial Statements For the year ended 31" Marcb 2025 The Trustees have prepared accounts in accordance with provision applicable to companies subject to the small companies regime. The financial slalements on pages 18 to 35 were approved by the ITUStee$, and authorised for issue on 20 Ociober 2025 and signed on their behalf by.. Paul Wbitmore Trustee Christine Holland Trustee 22
Plus You Limited Annual Report and Fingncial Statements sl For the year ended 31 March 2025 Statement of Cash FloTrvs 2025 2024 Note Cash flows from operailng activities Nel cash income (101,708) (146,630) Adjustments to cash flows from non•eaJb Items Depreciation Investment income 34.912 106 168 (172,964) 35,388 107 278 (218,520) Working ¢apit*l 4dJustments (Increase)IDecrease in dcbiors In¢reosel(Decrease) in creditors In¢reAsel(Decrcase) in deferred income 17 19 20 (41,260) 2.958 17,420 (35,481) Net cash flows from operating activities (206.223) (241,637) Cash flow$ from Investing activities Investhient Income Loan repayments 106,168 44.355 107,278 26,478 C8$h flow$ from Ilnanclng a¢tlvltle$ Repayment of loans and borrowings Net increase in cash and cash equival¢nts 19 (55,700) (116,093) Cash and Cash equivalents at l April 2024 241499 357 592 Cash and Cash equivalents at 31 March 2025 241499 All of the cash flows are derived from continuing operations during th¢ above two period5. 23
Plus You Limited Annual Report and fi inancial Slalements For the year ended 31 March 2025 Notes to the Financial Statements I Chgrity stalus The charity is limited by share capital, incorporated in. The address of its regislcred office is.. The Highpoinl Venue Bur51edon Road Southampton Hampshire S019 8BR 2 Accounting policies Summary of $ignifieant accounting polieies and key aeeountlng estlmates The principal accounting policies applied in the preparation of these financial statements are sei out below. These policies have been consislenily applied to all the years presented, unless otherwise slated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Stalemenl of Recommended Practi¢c applicable to charities preparing their accounts in accordance wilh Ihc Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) (Charities SOIiP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Aci 2006 and Charities Act 2011. B4sls of prepqration Plus You Limil¢d mcets the definition of a public benefit enlity under FRS 102 and does not produce group accounts as the entity is exempl under the small companies regime through the Companies Act 2006. These accounts relale 10 Plus You Limited only. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise slated in the relevant accounling policy notes. Th¢ presentational ¢uffen¢y is £ stcrling. Going concern The trustees consider that there are no material uncertainties about the charity'5 ability to continue as a going oncern nor any si8nificant are85 of uncertainty that affect the carying value of asset5 held by the charity. 24
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Notes to the Financial Statements Income and endowments Income is received net of VAT. Items of income are recognised and included in the accounts when all the following criteria are met: • The charity has entitlement to the fijnds Any conditions attached lo the items of income have been met or are fully within the Control of the charity There is sufficient certainty Ihal receipt of income is considered probable • The amount can bc mcasurcd reliably Grants and donations are included as income in the period in which Ihey are received excepi where the donor imposes Conditions which have to be fulfilled before the charity becomes entitled 10 5u¢h in¢ome: such income is deferred until Ihe conditions hav¢ been met. Income received in advance for rent or room hire is deferred until the Criteria for the recognition of income is met. Donatlons and legacles Donations are recognised when the charity has been noiified in writing of both the amount and settlement dale. In the evenl that a donation is subjeci to Conditions ihal require a level of performance by ihe charity before the charity is entitled to the funds, the income is deferred and not recognised until either Ihose ¢ondilions are fully met. or the fuifilment of those conditions is wholly within the control of the charity, and il is probable that these ondition8 will be fulfilled in the reponing period. Grant$ receivAble Grants are recogniscd when the charity has an entitlernenl to the fvnds and Any conditions linked lo the grants have been mel. Where perfomance Conditions are attached to the grant and arc yet lo be mcl, the income is reco8nised as a liability and included on the balance sheet as deferred incorne 10 be released. Deferred income Deferred income represents amounts received for future periods and ts released to incoming resources in the period for which, it ha5 been received. Such income is only deferred when- The donor specifies ihal the grant or donation must only be used in future accounting periods- or The donor has imposed condilions which musl be mel before the charity has uncondilional entitlement. Income in advance for rent or room hir¢ is dcfcrred until the criteria for the re¢ognition of income has been met. Expenditure All expendire is recognised once there is a legal or consttuctive obligation to that expendirure. it is probable seltlemenl is requircd xnd the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to thai category. Where Costs cannot be directly attributed lo particular headin8S. they have been allocated on a basis consistent with the use of resources. with central staff co$18 allo¢ated on the basis of lime spent, and depreciation charges allo¢a¢ed on the portion of the asset's 115e. Other support costs are allocated based on the spread of staff cosls. 25
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the Financial Statements Charitable activities Charitable expendire Comprises those costs incurred by the charity in the delivery of ils a¢livilies and services for its bcncficiaries. It includes both costs that can be allocllled directly lo such activities and those costs of an indirect nature necessary to support them. Support Costs Supporl costs include ¢eTJlral fijnctions and have been allocated to activity Cost categories on a basis consislenl with the use of r¢sour¢es, for example, allocating propety Costs by floor areas, or per capita, staff costs by Ihe time spent and other costs by their usage. Covernance costs These include the cosls attributable lo the charity's Compliance with constitutional and statutory requirements. including audit, stralegic managemenl and trustees, meetings and r¢imburs¢d expenses. Government grants Government grants are recognised based on the accNal model and are measured at the fair value of th¢ assei received or receivable. Grants are classified as rel8lin8 either lo revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are rccosnised. Grants relating lo assels are recognised over the expected useful life of the asset. Where part of a 8rant relating to an asset is deferred. it is recognised as deferred income. Taxatlon The charity is considered to pass the tests Set out in PaTagraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable cornpany for UK corporalion tax purposes. Accordingly, the chariry 1$ potentially exempt from taxation in respecl of income or capital gains received wiihin categories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Aci 1992, to the extent that such income or gains are applied exclusively lo charilable purposes. Tangible fixed assets Individual fixed assets costing £100.00 or more are initially recnrded al cosL Depreclation and amortlsation Depreciation is provided on langible fed asseis so a$ to write off Ihe cost or valuation. less any estimated residual value, over their expected useful economic life as follows.. Asset class Freehold Land and Property Leasehold Property OtTice Equipmenl Depreclatlon method and rate None Period of lease 26
Plus You LRmited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the Financial Statements Investment properties Investment propety is ineluded at fair value. Gains are recognised in the income statement. Buslness tombinatlons Investments and subsidiaries are recorded at historical cost. Flxed asset finvestments Fixed asset investments, other than programthe related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their markei value at Ihe start of the year, or their subsequent cosi, and are Charged or credited to the Siarement of Financial Aciivilie$ in the period of disposal. Unrealised gains and losse5 represent ihe 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. Trade debtors Trade debtors are amounls due from customers for merchandise 501d or services pcrfonned in the ordinary course of business. Trade debtors are recognised initially at the transa¢tion price. They are subsequently measured at amortised cost using the effective interest method, Icss provision for impairnienl. A provision for the impkirnient of trade debtors is established when there 15 objective evidence that ihe ehariry will not be able to collect all amounts due 8ccordin8 to the original lern]s of the receivables. Cash and c8Jsh equlvalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerni highly liquid investments that are readily convertible lo a known amount of Cash and are subject to an insignificanl risk of cbange in value. Trade creditors Trade Creditors are obligations to pay for goods or services Ihat bave been acquired in the ordinw course of business from suppliers. Accounis payable are classificd as current liabilities if the charity does Dot have an uncondilional right. at the end of the reporting peTiod, to defer settlement of the creditor for al leasl twelve months after the reporting dale. If there is an unconditional right to defer settlement for at least twelve monihs after the reporting date. they are presented as non-current liabiliti¢s. Trade cr¢ditors ar¢ recognised initially at the transaction price and subsequently measured al amortised c05t using th¢ ¢ff¢¢live interest method. 27
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Borrowlng$ Interest-bearing borrowings are initially recorded ot fair value, net of transaction costs. Inlerest-bearing botrowirtgs are subsequently Carried at arnortised cost, witb the difference between the proceeds, net of transaction Costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest merhod and is included in inteTest payable and similar charges. Borrowings are classtfied as curr¢nt liabilities unless the charity has an unconditional right to defer settlement of the liability for al Icasl twclvc month5 after the rcporting dalc. Foreign exehange Transactions in foreign currenci¢s arc recorded al Ilie ratc of ¢x¢h&ngc at th¢ date of Ihe transaction. Monetary as$eis and liabilities denominated in forei8n CuenC1¢S al the balan¢e sh¢¢l date are reported al the rates of exchange prevailing at that date. The results of overseas operalions are translated al the average rates of exchange during the period and their balance sheets at the rAtes rulin8 at the balance sheet dale. Exchange differences arising on translaiion of the opening nel assets and results of overseas operations are reported in other comprehensive income and accumulated in equity (attributed to non4ontrolling interests as appropriate). Other exchange differences are rccogni5cd in the Statement of Financial Activities in the period in which they arise ¢x¢ept for: l } exchange diff¢r¢nces on transactions entered into to hedge certain foreign QUenCY risks {s¢e above). 2} exchange differenG¢s arising on gains or losses on non-monetary items which are recognised in other comprehensive income. and 3) in the casc of rhe consolidated financi81 statemcnls, exchange diffcrcnces on monelary items receivable from or p8yablc to a foreign operation for which settlement is n¢ither plann¢d nor likely lo occur (therefore forniing part of the net investment in the foreign operation), which are r¢cognis¢d in other comprehensive income and reported under equity. Fund structure Unrestricted income funds are general funds Ihat are available for use at the trustees. discretion in furtherance of the objectives of the charity. R¢slri¢led income funds are those donated for use in J particular area or for specific purposes, the use of which is restricted to that area or purpose. 28
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the Flnancial Statements 3 Income from donations and legacies Unrestrlcted funds General Total funds Donations Tot41 for 2025 Total for 2024 4 Income from ¢harltable activities Total Funds Unrestrlcted Fund5 General Re$tric¢ed Fund$ General Renlal, hire charges and services income from Hi8htown and Hinkler Community Centres Services provided to the cornmunity Total (or 2025 34,320 34.320 6.718 Total for 2024 S Income from other tradlng actlvitle$ Unrestricted Funds General Total Funds Other trading income 268 380 268 380 Total for 2025 268 380 268 380 Total for 2024 243 188 243 188 29
Plus You LRmited Annual Report and Financial Statements For the year ended 31 Mareh 2025 Notes to the Financial Statements 6 Investment intome Unrestricted Funds General Total Funds Income from rents 106,168 106 168 Total for 2025 106 168 106 168 Totgl for 2024 107 732 107 732 7 Expendlture on ¢hAritable activities Unrestricted Funds General Restrlcted Funds Total Funds Note Expendire on Charitable Activities Depreci81ion, amortisalion and other similar costs Staff costs Allocated support costs Governance costs 41,617 44,875 86,492 35,012 50,241 28.663 35,012 50,241 28,663 Total for 2025 159757 204 632 TotAI for 2024 216617 222 971 8 Other expenditure Unrestri¢i¢d Funds General Total Funds Note Depreciation. amortisation and other similar costs Other resources expended 34,912 293611 34,912 293,611 Total (or 202S 328 523 328 523 Total for 2024 340.295 340,295 30
Plus You Limited Annual Report and Financial Statements For the year ended 31" March 2025 Iyotes to the Financial Statements 9 Analysis of governance and support costs Costs of trgding attivitles Unrestricted Funds 2025 Unrestricted Fund$ 2024 Accountancy & bookkeeping Confidential Was disposal 15,792 184 14,984 156 General insurance HR and H & S support IT Legal & professional fees Other expenses Printing, postage & stationery Refreshmenls 1,417 5,169 2,933 1,608 5,008 4,927 66 30,740 1,563 228 ,703 1,322 143 Total for 2025 Covern*nee eo$t$ Unrestrlcted Fund$ 2025 Unrestrl¢ted Funds 2024 Audit fees 4,224 3,700 Total 10 Net incominyjoutgoing resources Net incoming resources for the year inrlude.. 2025 2024 Depreciation of fixed assets 35.388 31
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the Financial Statements 11 Trustees remuneration and expenses No trustees. nor any persons connected with them. have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the ebarity during the year. 12 Staff costs The aggregate payroll costs were as follows: 2025 2024 Staff costs during the year were: Wages and salaries Employers national insurance Pension costs 193,468 15,517 3.723 194,384 15,991 3,837 212708 219211 The monthly average number ofpersons (including senior management team) employed by the charity during the year expressed as full lime equivalents was as follows: 202S Number 2024 Number Chief Executive Community D¢v¢lopm¢nt Offi¢ers Administration and Support The chief executive officer, as the highest paid member of staff, received benefits lotalling £65,560 (2024 - £64.480). No other employees received emoluments of rnore than £60,000 during the year. 13 Auditors, remuneration 20Z5 20Z4 Audit of the financial statements 14 Taxatlon The Charity is a gistered charity and is Iherefore exempt from t&Kation. 32
Plus You Limited Annual Report and Flnancial Statements For the year ended 31" March 2025 Notes to the Financial Statements IS Tangible fixed assets Land and buildings Furniture and equipment Total C08t Ai l April 2024 4 830 000 283 813 5 113813 At 31 March 2025 4 830 000 283 813 5 113813 Depreclation At l April 2024 Charge for thc year 160,960 213,884 374,844 Ai 31 March 2025 236 355 409 756 Net book value Ai 31 March 2025 4 656 599 4 704 057 Ai 31 March 2024 4 694 040 4 738 969 Included within the net book value of land and buildings above is £3.285,000 (2024 - £3,285,000) in respect of freehold land and buildings and £1.371.599 (2024 £1,384,140) in respecl of leaseholds. The investhient property comprises cornmer¢ial units al Highiown. from which investment properties incoine is derived. The trustees hmve valued these properties al £285.000, 81s0 the original cost of the property (2024.. £285,000). The freehold property represents Ihe land on which the Highpoint venue is built. Thc property was acquired in 2014 in accordance with the tertns of the l¢ase. following the insolvency of the building's owner. No payment was made for the property. .The Trustees have considered the valuation of the Highpoinl Venue land and building and consider that the Carying value 01£3 million is a reasonable current valuation. At the lim¢ of the insolvency of the previous owners, no offers were received for the property above this value its financial perfonnance does not support an increase in value. 33
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the FinancAal Statements 16 Fixed asset investments 202S 2024 Shares in group undertakings and participating interests 100 The group undertaking is Highpoint Hospitality Services Limited. Plus You Limited owns IOO¥o of ihe share Capiial. Subsidiary undertakings Tolal Co$t And Net Book Valu¢ At 31 March 2024 and at 31 March 2025 loo 17 Debtors 2025 2024 Trade debtors Due from group undertakings Prepayrnent5 Other debtors 123,387 21,679 12,650 23 157,729 83,769 66,034 11,021 160 824 18 Cash and eash equivalents 2025 2024 Cash on hand Cash at bank 59 185 740 85 799 241491 241499 34
Plus You Limited Annual Report and Financial Statements st For the year ended 31 March 2025 Notes to the Financial Statements 19 Creditors: amounts falling due within one year 2025 2024 Trade creditors VAT and other laxation and social security Other creditOTS Accruals Deferred income 24,954 12,011 20,713 17,604 24,267 9,714 24,868 13,343 160 668 152667 20 Creditors: amounts falling due after one year 2025 2024 Other loans 21 Pension and other schemes The charity opcrates a defined contribution pension scheme. The pension ¢osl charge for the year represents contributions pay4ble by the charity to the s¢heme and amounted to £3.723 (2024 £3,837). 22 Funds 2025 2024 VDrestrlcted General General Fund 4.884.778 4.948,329 Restricted Bamboo Motiv8 Youtb Options Fund 2,239 20,396 20.000 Total re$¢rleled Total funds 4 887 017 4 988 725 The Motiv8 and Youth Options Funds are now closed. 35
Plus You Limited Annual Report and Financlal Statements For the year ended 31" March 2025 Notes to the Financial Statements 23 Analysis of net funds At l April 2024 At 31 March 2025 Cash flows Cash al bank and in hand 241,499 (55,700) 185,799 Net Fund$ 241,499 (55.700) 185,799 At l April 2023 C4sh flows At 31 March 2024 Cash at bank and in hand 357 592 116093 241499 Net Funds 357 592 116093 241499 24 Related party transaction$ During the year the charity made the following related paty transa¢iions'. HlghpoSDt Hospltallty Servl¢es Llmlted Plus You Limited owns l OOO/o of the share capital of Highpoint Hospitality Limited. Highpoint Hospitslity Services Limited was set up to act as a trading company Ihat looks after the runnin8 of the bar in the highpoinl centre. During the financial year, Plus You Limited were invoiced £550 (2024.. £1,248) by Highpoint Hospitality Services Limited for services. Ai the balance sheet date the amount due tolfrom Highpoinl Hospitality Services Limited was £23 (2024 - £21). 36