SOUTH WARWICKSHIRE PLATO TRUST
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st JANUARY 2024
Company No: 06669078 (England and Wales)
Charity No: 1126506

SOUTH WARWICKSHIRE PLATO TRUST
Contents
Page
Legal and Administrative Information
Report of the Directors
Independent Examiner's Report
Statement of the Financial Activities
10
Comparative Statement of the Financial Activities
11
Balance Sheet
12
Notes forming part of the Financial Statements
13-19

SOUTH WARWICKSHIRE PLATO TRUST
Page 3
Legal and administrative information
Registered Numbers:
Charity
Company
1126506
06669078 (England and Wales)
Directors and Trustees
P Law (Chairman)
A Marsdon (resigned 29 January 2024)
G Yates
M Markham
th
Company Secretary
P Liggins
General Manager
P Liggins
Reglstered Offlce
172 Emscote Road
Warwick
W2n4vickshire
CV34 5QN
Independent Examiner
Steven Mugglestone FCA
Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
WaTwickshire
Bankers
Lloyds Bank plc.
The Parade
Leamington Spa
Wamickshire
Natwest Bank
1 Market Place
Nuneaton
The Trustees who are also the directors present their report along with the financial statements of
st
the Charity for the year ended 31 January 2024. The financial statements have been prepared in
accordance with the accounting policies set out on page 13 and comply with the Charitable
Company's Memorandum and Articles of Association and applicable company and charity law.

SOUTH WARWICKSHIRE PLATO TRUST
Page 4
st
Director's Report for the year ended 31 January 2024
Chairman's Statement
Welcorne to the 42￿ Annual General Meeting of South Warwickshire Plato Trust
General Activities and Background
Nalionally and internationally, there is much unrest. The war in Ukraine seems to be
commencing a critical phase with the Ukrainians being pushed b2ck. in the Middle East there
continues to be unrest in Syria, Iraq and Iran. In the Levant, Israel and Hamas are engaged in
severe hostilities both in Gaza and south Lebanon. The Houti faction in Yemen is preventing
free passage of ships in the Red Sea to the Suez Canal. In China, Taiwan is threatened with
invasion. In the UK and much of Europe. there are national and EU elections. There are the
presidential, senatorial and congressional elections in the USA. I mention all of these principal
factors leading directly to uncertainty and inflation in order to illustrate the back drop of seeking
firm foundations upon which to run a charity in South Warwickshire. Are we certain that our
income for the next 12-24 months and beyond will be sufficient to cover our costs and make
sensible reserves to run the Charity in a financially responsible manner?
All of the above including Ihe Bank of England greatly increasing interest rates and the
Government adding to inflationary wage pressures by failing to raise the threshold of paying
taxes has directly created unnecessary inflationary pressures on the household purse.
There is also a great increase in the demand for rented property in Warwickshire causing
inflation in the housing rental market greater than either the headline CPI or RPI.
We have received rent demands from Warwickshire County Council proposing an increase in
the rents charged for 5 properties from a total of £16,017 to £76,300 (4750/0) a year. This has
been a staggering shock to us. Whilst we expected an increase on a cost of living basis (which
would have increased the rents to about £31,000 (95%) the demands are in fact based on
current market rentals and not as we might have expected as a social enterprise for the good
of the peoples of Warwickshire on a cost of living basis; they are beyond any reasonable
expectations. These are being negotiated by Messrs Loveitts on our behalf and a result is
expected soon. At the time of wrtiing the new rents on these 5 properties will be £58,600
{3660/0) I would anticipate the increase to have a serious effect on our surplus and possibly our
survival (dependent on what housing benefrts we finally receive). We need a sensible surplus
as a normal part of our annual budget to create and retain reserves to cover unexpected costs
and repairs and refurbishments. If we don't refurbish our properties regularly the problem does
not disappear; these works will still need to be done.
Further due to the parlous condition of national and local govemment finances there is no
guarantee in future that government will be able to continue to award cost of living benefit
increases. We will therefore need to be cautious both in agreeing to extend our 5 leases and
further in keeping capttal expenditure, for example bathroom refurbishment. under strict
review.
We are still facing the echoes of the Covid pandemic. The required works that should have
taken place in the Covid years have now been addressed with a larger than usual expenditure
on refurbishments.
Further for the next 3 years we will continue to face the capital repayments on 172 Emscote
Road. But at least now it is fully occupied and we are not paying rent on our former office
space. Without taking into account the overhead expenditure of running this charity, 172 is
running at a surplus {licence fees over mortgage repayments).

SOUTH WARWICKSHIRE PLATO TRUST
Page 5
Director's Report for the year ended 315t January 2024 (Continued)
Against this background we are facing the administrative cost, in terms of time and money of
being made to revisit the charity rate free status of our properties and also register 7 properties
(as having be￿een 3 and 4 occupants) as Houses in Multiple Occupation. I have my doubts
that either of these changes will be for the benefit of the objects of our charity and will create
yet another considerable layer of administrative costs.
In the last year, occupancy has fluctuated month on month from a low of 40 licensees to a high
of 45. We received 14 referrals, 8 of whom accepted offers of accommodation. 3 individuals
left our accommodation during the year. Our accommodation levels have improved over the
past twelve months.
We continue to look to see how we can increase both the occupancy levels and the type of
accommodation we offer. The total number of properties managed by South WaNickshire
Plato Trust is now 26. The total number of beds that the Trust can reasonably offer from its
current portrolio is 50 including an emergency bed for any unforeseen issue(s) that may arise
within any of the group homes. However, at the Executive Committee meeting on January 291h
2024 it was agreed to give notice (6 months) on the property 51, Warwick Road, Wellesbourne
CV35 9LX due to the difficulty in attracting prospective Licence Holders. This notice was
served to Orbit Housing on 3181 January 2024. It is hoped that by returning this house. more
suitable accommodation may be offered in the form of single or double units in locations such
as Leamington Spa andlor Warwick.
The usage of our premises is intensive, continual and demanding so redecoration and
refurbishments are constantly being made:
Completed Work in 202312024
Cornplete bathroom refurbishment @ 49 Rugby Road, Leamington Spa CV32 6DE
Complete bathroom refurbishment @ 33 Webster Avenue, Kenilworth CV8 2EJ
Replacement of boiler @ 33 Webster Avenue, Kenilworth CV8 2EJ
Complete bathroom refvjrbishment @ 6 Governors Court, Warwick CV34 5DL
Refurbished and redecorated front elevation @ 172 Emscote Road, Watwick CV34
5QN
Complete TV aerial installation to all flats @ 172 Emscote Road, Warwick CV34 5QN
Complete kitchen refurbishment @ 6 Governors Court, WaThvick CV34 5DL
Complete bathroom refurbishment @ 18 Ryland Close, Leamington Spa CV31 1 HU
Replacement of boiler and thennostat @ 23 Guy Street. Warwick CV34 4LN
Replacement of boiler @ 94 Cubbington Road, Leamington Spa CV32 7AG

SOUTH WARWICKSHIRE PLATO TRUST
Page 6
Director's Report for the year ended 31st January 2024 {Continued)
Proposed work for 202412025 includes:
Dependent on the permissible levels of housing benefit and the massive increase in
rents demanded of us by Wanvickshire County Council and general affordability in the
coming year, bathroom refurbishments @ 24a,24b,24c,24d & 31 Charles Gardner
Road, Leamington Spa CV313BG
In addition. there is the day-to-day maintenance of all our properties, the maintenance
and where required, replacement of household equipment and soft furnishings.
The trust further has to ensure compliance with all statutory requirements relating to health
and safety including gas safety certificales, fire safety certificates and electrical safety testing.
Conclusion
l am once again grateful for the work done by Phil Liggins and Caroline Taylor. As we have
emerged from Covid we have increased our occupancy levels and caught up on a
considerable amount of repair and refurbishment backlog caused by Covid.
Work continues on the voluminous collection of information to be compliant with the
requirement to comply with registration of 7 of our houses as Houses in Multiple Occupation.
This is an area where we lack knowledge and expertise as to the practical requirements of the
Licensing Authority.
Trustees
The Directors, who are also the Trustees of the charttab5e company, as named on page 3
have served throughout the period. Appointment of Trustees is governed by the Articles of
Association of the Charitable company. The Board of Trustees is authorised to appoint new
Trustees to fill vacancies arising through resignation or death of an exisling Director. Only
members of the charitable company are eligible for appointment as Director. The induction of a
new Trustee involves being made aware of a Trustee's responsibilities, the governing
document. the administrative procedures, the history and philosophical approach of the
charity.
Objectives and Activities
South Warwickshire Plato Trust continues with its core purpose of providing accommodation
for people with recovering mental health issues within South Warwickshire.
Structure, Governance and Management
The charity has an executive committee of 3 Trustees who meet six times a year and are
responsible for the strategic direction and policy of the charity.
The Trustees have delegated day to day responsibility for administration of the charity with the
General Manager.
South Warwickshire Plato Trust is a charitable company limited by guarantee and without a
share capital. The governing documents are the Memorandum and Articles of Association.
The company was incorporated on 11 August 2008 and commenced activities on 1S1
December 2008. These activities were formerly carried out by the unincorporated charity

SOUTH WARWICKSHIRE PLATO TRUST
Page 7
st
Director's Report for the year ended 31 January 2024 {Continuedl
South Warwickshire Plato Trust. The entire assets and undertaking of the trust were
transferred to the company on 1 $1 December 2008.
The Memorandum of Association authorises the Directors to make and hold investments using
the general funds of the charitable company and as such six long leasehold properties were
purchased over the years.
Achievements and Performance
The charitable company would not be able to provide such a wide service to our beneficiaries
without the continued support of a number of willing staff who give their services voluntarily,
Income generated has been applied to the objectives of the charity.
Public Benefit
The Trustees have had due regard to the guidance published by The Charity Commissioners on
public benefit, and consider that the objectives and activities of the charity fulfil their requirement.
Financial Review
The Directors consider that the performance of the charitable company this year has been
satisfactory. with a surplus of £31,988 (2023: £57.669). The increase in funds ensures the
stability of the charity and the upkeep of ils houses to meet rts objectives.
Funds available are sufficient to permit the charitable company to continue in operation in the
medium term, given that the continued support of the local councils has already been
promised for a further year. Should this support not continue in the longer term, further
financial support would need to be sought to replace it.
Risk Review
The Directors actively review the major risk which the Charity faces on a regular basis and
believe that maintaining reserves at current levels. combined with an annual review of the
controls over key financial systems, will provide suffi'cient resources in the event of adverse
conditions. The Directors have also examined other operational and business risks faced by
the Charity and confirm that they have established systems to mitigate the significant risks.
Reserves Pollcy
It is the policy of the charitable company to maintain unrestricted funds at a level which equate
to approximately 9 months unrestricted expenditure. This provides sufficient funds to cover
management and administration and support costs. Unrestricted funds are maintained at least
at this level throughout the year.
Future Developments
The charitable company will continue to provide suitable homes for people with disability or
special needs, and will continue to upgrade the accommodation provided as well as seeking to
add to its propety portfolio if opportunity arises.

SOUTH WARWICKSHIRE PLATO TRUST
Page 8
DirectO￿S Report for the year ended 31st January 2024 (Continued)
Statement of Directors, Responsibilities
Company Law requires the Directors lo prepare financial statements for each financial period
that gives a true and fair view of the state of affairs of the charitable company and the surplus
or deficit for that period. In preparing these statements, the Directors are required to:
Select suitable accounting policies and then apply them consistently:
Observe the methods and principles in the Charities SORP 2019 (FRS 102).,
Make judgements and estimates that are reasonable and prudent.,
State whether applicable Accounting Standards have been followed, subject to
any material departures disclosed and explained in the financial statements.,
Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the company will continue in operation.
The Directors are responsible for maintaining proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that the financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the company and hence for taking reasonable
steps for the prevention and detection of fraud and other irregularities.
The report of the directors has been prepared having taken advantage of the small companies,
exemption in the Companies Act 2006.
Approval
This report w
s approv
q by the Directors on 22TrJ April 2024 and signed on their behalf.
Peter Law
Director

SOUTH WARWICKSHIRE PLATO TRUST (CHARifi NUMBER: 1126506}
Page 9
Independent Examiner's Report to the Trustees
I report to the charity Iruslees on my examination of the accounts of the company for the year ended
31st January 2024 which are set out on pages 10 to 19.
Responsibilitie5 and basis of report
As the charity Iruslees of Ihe company {and also its directors for the purposes of company law> you are
responsible for the preparation of the accounts in accordance with the requirement5 of the Companies
Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16
of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your company's accounts as Carried out under section 145 of the Charities Acl 2011 ('the 2011 Act'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(5){b) of the 2011 Act.
Independent examinevs statement
Since the company's gross income exceeded £250.000 your examiner must be a member of a body
listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because
l am a member of The Institule of Chartered Accountants in England & Wales, which is one of the listed
bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were nol kept in respect of the company as required by section 386 of the
2006 Act; or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements of section 398 of the 2008 Acl
other than any requiremenl that the accounts give a 'true and fair view. which Is not a matter
considered as part of an independent examination; or
4. the accounts have not bèen prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charilies applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts lo be
reached.
Steven Mugglestone BA {Hons) FCA
Michael HaNood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
CV34 4EW
Date..

SOUTH WARWICKSHIRE PLATO TRUST
Page 10
st
statement of financial activities for the year ended 31 January 2024
(Incorporating the Income and Expenditure Account)
Unrestricted
Funds
Total
2024
Total
2023
Notes
Income from:
Rent and Rent Allowance
Telephone Income
Damages from resident
Tenant appliance wntributions
Interest Receivable
Donations received
Insurance claim
411.850
411.850
364,124
250
13
121
250
160
105
12
1,000
5,120
121
Total Income
£412.240
£412,240
£370,529
Expendlture on:
Charitable Activities
Olher Costs
415
376,160
4,092
376,160
4,092
308,858
4.002
Total Expendlture
£380.252
£380,252
£312,860
Net movement in funds
31.988
31,988
57,669
Reconclllatlon of funds:
Total funds brought foNard
1,178.120
1,178,120
1,120,451
Total funds carrled forward
14
£1,210.108
£1,210,108
£1,178.120
All income and expenditure derive from continuing activities.
The notes on pages 13 to 19 form part of these financial statements

SOUTH WARWICKSHIRE PLATO TRUST
Page 11
Statement of financial activities for the year ended 31st January 2023
{Incorporating the Income and Expenditure Account)
Unrestricted
Funds
Total
2023
Total
2022
Notes
Income from:
Rent and Rent Allowance
Telephone Income
Council Tax re-imbursement
Interest Receivable
Donations received
Damages from resident
Compensation
Tenant appliance contributions
Insurance claim
364,124
364,124
359,157
585
835
12
1,000
160
12
1,000
160
620
50
105
5.120
105
5,120
Total Income
£370,529
£370.529
£361,253
Expendlture on:
Charitable Acttvities
Other Costs
415
308,858
4.002
308,858
4,002
288,738
3,822
Total Expenditure
£312,860
£312,860
£292,560
Net movement In funds
57,689
57,669
68,693
Reconciliation of funds:
Total funds brought fomard
1,120.451
1,120,451
1.051,758
Total funds carried forward
14
£1,178.120
£1,178.120
£1,120,451
All income and expenditure derive from continuing activities.
The notes on pages 13 to 19 fotm part of these financial stalements

SOUTH WARWICKSHIRE PLATO TRUST
Page 12
Balance Sheet as at 31st January 2024
Company No: 06669078 (England and Wales)
Note
2024
2023
Ftxed Assets
Tangible assets
1,163.913
1,163,913
Current Assets
Debtors.. amount f211ing due within
one year
Cash at bank and in hand
34,947
92,261
52,856
46,799
127,208
99,655
Creditors.. amount falling due within
one year
10
{44.520)
(30,922)
Net current assets
82,688
68,733
Total assets less current liabilities
1,246,601
1.232.646
Creditors.. amount falling due after
more than one year
11
(36,493)
(54,5261
Net Assets
£1,210,108
£1,178,120
Funds:
Unrestrlcted Funds
14
1,210,108
1,178,120
Total charity funds
£1,210,108
£1,178,120
For the year ending 3181 January 2024 the company was entitled to exemption from audit under section
477 of the Companies Act 2006 relating to small companies.
Directors. responsibilitles:
The members have not required the company to obtain an audit of its accounts for the period in
question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respecl to accounting records and the preparation of accounts.
The financial statements h
ve been prepared in accordance with the provisions applicable to companies
subject to the small compa
ies, regime.
Approved by tle Diroclo[s on 22rwJ April 2024 and signed on their behalf.
Peter Law
Director I Chairman
The notes on pages 13 to 19 form part of these financtal statements

SOUTH WARWICKSHIRE PLATO TRUST
Page 13
st
Notes to the Accounts for the year ended 31 January 2024
Basis of Preparation
South Warwickshire Plalo Trust is a company limited by guarantee in England & Wales In the
event of the charity being wound up, the liability in respect of the guarantee is limited lo £1 per
member of the charity. The address of the registered office is given in the charity informalion on
page 3 and the nature of the charily's operations and principal activities are given on pages 5 10
The charity constitutes a public benefil entity as defined by FRS 102. The financial statements
have been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to ¢harities preparing their accounls in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of
Ireland IFRS 102), the Charities Act 2011, Ihe Companies Act 2006 and UK Generally Accepted
Practice as it applies from 1 January 2015.
The accounts do not include a cash flow statement on the grounds that it is applying FRS 102
Section 1 A.
The financial slalements are prepared on a going concern basis under the historical cost
convention, modified to include certain items at fair value. The financial statements are
presented in sterling which is the functional currency of the charity and rounded to the nearest
£1.
Accountlng Pollcles
Income
These are included in the Stalemenl of Financial Activities (SOFA) when..
the Charity becomes entitled to the resources.
the Trustees are virtually certain they will receive the resources., and
Ihe monetary value can be measured with sufficient reliability.
Unrestricted funds
Funds from incoming resources. investment rental income and allowances are available for the
objectives of the charity without further specific purpose and are available as general funds.
Interest Receivable and Other Income
This is included in the accounts when receivable.
Investment Properties
The Trust owns Six long leasehold properties as follows=
33 Prince Regent Court has a lease of 100 years from 1$1 May 1989
33 Webster Avenue has a lease of 125 years from 2nd May 1988
6 Kilby Court has a lease of 990 year5 from 24th June 1981
6 Governors Court has a lease of 120 years from 25th March 1999
18 Ryland Court has a lease of 125 years from July 1989
17 Markham Drive ha5 a lease of 999 years from 151 January 1973
The Trust also bought a freehold property of 172 Emscote Road Warwick in December 2021.
As they are investmenl properties. no depreciation is provided on these property costs and in
the opinion of the directors they have been included at °a fair valuation. given their rental
income and current use.
No professional property valuations have been undertaken as such costs are not considered
necessary as the properties are regularly maintained at a level suitable for their use.
The purchase costs are wrilten off to revenue when incurred.

SOUTH WARWICKSHIRE PLATO TRUST
Page 14
Notes to the Accounts for the year ended 31st January 2024
Liability Recognition
Liabilities are recognised as soon as ihere is a legal or constructive obligation committing the
Charity to pay oui resources.
Support Costs
All costs are allocated to charitable activities on a basis consistent with use of resources.
Pension Costs
The Trust makes a 3ts/0 employer's contrtbution towards the employees, pension scheme
starting from April 2014.
Direct Charitable Expenditure
These are only recognised in the accounts when a commitment has been made and there are
no conditions to be mel relating to the expenditure which remain in the control of the Charity.
Taxation
The Charity is exempl from Corporation Tax on its charitable activities and VAT where
applicable is included in the Charity's expenditure.
2.10 Going Concern
The financial statements have been prepared on a going concern basis as the trustees believe
that no material uncertainties exist. The trustees have considered the level of funds held and
the expected level of income and expenditure for 12 months from aulhorising these financial
statements. The budgeted income and expenditure is sufficient wilh the level of reserves for the
charity to be able to continue as a going concern.
2.11
Charity Status
The Charity is registered with the Charity Commission for England & Wales. Re9lStered No..
1126506 and is regulated by the Trust Deed dated 24kn November 1981.
2.12 Limited by Guarantee
The company was incorporated undef the Companies Acls 1985 10 2006 and not having a
share capital is limited by guarantee. The guarantee of each member is limited to a maximum of
£1 and is for a maximum period of one year after ceasing lo be a member.
2024
2023
INTEREST RECEIVABLE
Bank interest
£121
£12

SOUTH WARWICKSHIRE PLATO TRUST
Page 15
Notes to the Accounts for the year ended 31$1 January 2024
2024
Unrestricted
Funds
Total
2024
Total
2023
DIRECT CHARITABLE EXPENDITURE
Staff Salaries
Pension
Rent
Rates
Insurance
Electricity
Gas
TV licences
Heating and appliance repairs
Decorating
Building repairs
Telephone
Cleaning
Gardening
Renewal of household equipment
Council tax
Travel and expenses
Legal and professional
Loan interest
Management charge
Support costs (Note 5)
76.754
1.968
85,529
10,148
10,869
23,913
22,958
3.551
5,240
1,942
70.391
136
24,858
2,541
5,829
3,204
4,486
2,400
2,342
7,649
9,452
76,754
1,968
85,529
10,148
10,869
23,913
22,958
3.551
5,240
1,942
70,391
136
24,858
2,541
5,829
3,204
4,486
2,400
2,342
7,649
9,452
76,155
1.968
75,260
9,768
11,008
21,979
12,046
3.776
3,902
2,665
12,925
393
19,942
2,423
14,532
(278)
4,320
3,640
2,959
6,814
22,661
£376,160
£376.160
£308,858
2024
Unrestricted
Funds
Total
2024
Total
2023
SUPPORT COSTS
Bookkeeping servi￿$
Office equipment repairs and servicing
Stationery and postage
Bank charges
Website maintenance and computer support
Office renumanagemenl charge
Office council tax
Office telephone
Sundry costs
6,325
48
1,071
1,066
982
6,325
48
1,071
1,066
982
6,020
350
951
1,159
2,118
5,598
3.400
2,578
487
(2,010)
1,430
540
(2,010)
1,430
540
£9,452
£9,452
£22,661

SOUTH WARWICKSHIRE PLATO TRUST
Page 16
st
Notes to the Accounts for the year endecl 31 January 2024
OTHER COSTS
2024
2023
Independent Examiner's fee
Accountancy fees
2,270
1.822
2,250
1,752
£4.092
£4,002
TANGIBLE ASSETS- INVESTMENT PROPERTIES
2024
Freehold
2024
Leasehold
2024
Total
Cost at 1st February 2023
480.163
683,750
1,163,913
Improvements to freehold property
Cost at 3151 January 2024
480.163
683,750
1,163,913
The valuations of the above properties have been considered by the Trustees al the year end and
in their opinion, they still reflect a fair market value given their rental income and currenl use. They
do not consider the cost of a professional valuation would form a useful purpos8 al this time, as
there is no intention lo sell the properties.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Rent receivable
Prepayments and accrued inc¢yne
Other debtors
87
11,021
23,839
21.035
11,416
20,405
£34,947
£52.856
CASH AT BANK AND IN HAND
2024
Unrestricted
Funds
Total
2024
Total
2023
Lloyds Current account
Natwest Direct Reserve account
Lloyds Business account
Cash in hand
79.051
141
12,769
300
79,051
141
12,769
300
33,709
140
12,650
300
£92.261
£92,261
£46,799

SOUTH WARWICKSHIRE PLATO TRUST
Page17
st
Notes to the Accounts for the year ended 31 January 2024
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade Creditors
Bank loan
Accrued expenses
Deferred income
Other creditors
4,444
18,033
18,287
3.756
1,319
17,384
11,323
896
£44,520
£30,922
11. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
2024
2023
Bank loans
£36,493
£54,526
Analysis of loans
Not wholly repayable within five years by instalments..
Bank loans
54,526
71.910
54,526
71,910
Included within current liabilities
{18,033>
(17,384)
£36,493
£54,526
Loan maturty analysis
Debt due in one year or less
In more than one year but not more than two years
In more than years but not more than five years
18,033
18,716
17,777
17,384
18,033
36,493
£54,526
£71,910
Creditors falling due in more than one year include secured creditors of £36,493 (2023:
£54,526). This loan is repayable in 2026 at a fixed rate of 3.720/0.
12. DEFERRED INCOME
2024
2023
At 181 February 2023
Additions during the year
Amounts released to income
3,756
At 31$1 January 2024
£3,756
Income has been deferred for Housing Benefit received at the year end relating to a period after
the year end.

SOUTH WARWICKSHIRE PLATO TRUST
Page 18
8t
Notes to the Accounts for the year ended 31 January 2024
13. STAFF SALARIES
2024
2023
Salaries
Social security
74,046
2,708
73,185
2,970
£76,754
£76,155
Pension
£1,968
£1,968
The number of full and part-time employees was as follows..
Administration
No employee received emoluments over £60,000 in the year
14. FUNDS
Unrestricted
Funds
Balance at 1$1 February 2023
Income in year
Expenditure in year
1,178,120
412,240
{380,252)
BalanGe at 31*1 January 2024
£1,210,108
Unrestricted
Funds
Balance at 1s1 February 2022
Income in year
Expenditure in year
1,120,451
370,529
(312,860)
Balance at 31st January 2023
£1,178,120

SOUTH WARWICKSHIRE PLATO TRUST
Page 19
8t
Notes to the Accounts for the year ended 31 January 2024
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
2024
Fixed assets
Cash and cuirenl assets
Current liabilities
Long term liability
1.163,913
127,208
(44.520)
(36.493)
£1,210,108
Unrestricted
Funds
2023
Fixed assets
Cash and current assets
Cu￿ent liabilities
Long term liability
1,163,913
99,655
(30,922)
(54,526)
£1,178,120
16. TRUSTEES, REMUNERATION AND EXPENSES
None of the Trustees were paid any remuneration during the year <2023.. £NIL).
There were no reimbursements of expenses lo the Trustees during the year12023.' £NIL).
17. RELATED PARTY TRANSACTIONS
There were no related party transactions during the year {2023'. £NIL).
18. CONTINGENT LIABILITY
An ex-tenant of Ihe trust has incorrectly claimed for housing benefit which has been paid by Ihe
benefits agency. The amount overpaid amounls to approximately £15,000, which if not repaid by
the tenant the benefit agency may seek reimbursemenl from the trust. This lenanl has now left
the trust on 12th March 2018.