PLATO TRUST
(A Company Limited by Guarantee)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31•t JANUARY 2026
Company No: 06669078 (England and Wales}
Charity No: 1126506

PLATO TRUST
Contents
Page
Legal and Administrative Infomation
Report of the Directors
4-10
Independent Examiner's Report
Statement of the Financial Activities
12
Comparative Statement of the Financial Activities
13
Balance Sheel
14
Notes fonning part of the Financial Statements
15-21

PLATO TRUST
Page 3
Legal and administrative inforniation
Registered Numbers:
Charity
Company
1126506
06669078 (England and Wales)
Directors and Trustees
P Law (Chairman}
G Yates (Resigned 26th January 20261
M Markham {Resigned 27 February 2026)
Liam O'Brien QPM (Appointed 26" January 20261
Jessica Toolh-markham (Appointed 26, January 20261
Timothy Huggan {Appointed 21$t January 20261
Guy French {Appointed 23" March 20281
Company Secretary
M Markham (Appointed 26, January 2026)
General Manager
M Markham (Appointed 26" January 2026)
Registered Office
172 Emscote Road
Warnick
Warwickshire
CV34 5QN
Independent Examiner
Mark D Harwood FCA BFP FMA4T
Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
Warwickshire
Bankers
Lloyds Bank plc.
The Parade
Leamington Spa
Warwickshire
Natwest Bank
1 Market Place
Nuneaton
The Trustees, who are also the directors, present their report along with the financial statements
of the Charity for the year ended 3151 January 2026. 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.

PLATO TRUST
Page 4
Directorfs Report for the year ended 31st January 2026
Chaimian's Statement
Welcome to the 2026 Annual General meeting of South Warwickshire Plato Trust
This last year has recorded significant changes in the Trust in many ways.
The most obvious change is that we are once again fom)ally known as Plalo Trust. We were
known as Plato Trust from an early date in the Trust's development after we had been known
for a short period as South Warwickshire Group Homes11. We then changed our name to
Plato Trust and registered our trust formally al Companies House.
Subsequently, Plato Trust merged with South WarwiGkshire Group Homes and became South
Warwickshire Plato Trust. The daily operational name was Plato Trust which has now been
forrnalised and registered as Plato Trustllhe Trust") once again.
However. what a trust or a company is called is very secondary to its operation. It is what it
does, and the manner in which it does it, that counts.
For the last 20+ years, the management of the Trust has been led by Philip Liggins and his
decision to retire last year has led us to look closely at how the trust was run and how it should
be staffed. We remain grateful to Mr Liggins for his seNice over this time. which included
purchasing five leasehold flats and a freehold office incorporating three studio flats. He also
ensured il's continuan¢e, without interruption. throughout the Covid pandemic.
Mr Liggins effectively left Plato in May 2025 with a fomial retirement date of 31$1 De￿Mber.
During this lime. l initially helped with the day-to4ay management and very shortly. and ably
as a volunteer, Mr Matthew Markham (Matt) took over the running as the inlerim volunteer
manager whilst we looked for a replacement for Mr Liggins Very fortunately, Matt decided that
having had a taste of the running of Plato Trust, to put himself forward as the future manager.
After a selection process with other candidates Matt was chosen as the new Manager with his
contract to commence from the 1st January 2026. We are very grateful to Matt for his lime as
volunteer and indeed for his onward service since then.
The other staff change was that after some discussions with Caroline Taylor who, having been
faced with a very rapidly changing administrative regime, and a move toward greater
digilalisation, along with a much reduced need to collect residual rents (as the majonty of
these payments were now being made by standing orderl, took a redundancy package as
advised by Watwick Personnel la private HR company). Caroline Taylor was already suffering
significantly from stress and was not at work. Her departure meant Ihal Matt look over her
duties pending the appointment of a replacement. We also remain grateful to Caroline for her
input during her period of employment with us. In her absence we looked closely at her work
regime and the creation of a more appropriate job description.
At the end of the last financial year, Kery Sampieri, our contracted 'bookkeeperf had decided
to withdraw hér services from us. She had Carned out the day to day and draft end of year
accounts over many years, which she executed with considerable exactitude and was always
particularly chosen for praise by our accountants Michael Haprtood & Co. We thank her for her
time with us.

PLATO TRUST
Page 5
DirectO￿S Rèport for the year ended 3111 January 2026 {Continued)
With the departure of Kerry. Caroline. and Phil, and the arrival of Matt the opportunity was
taken to atter the operation of Plato's Offi￿ which included moving more deeply into
computerisation of our accounts, banking and all other records. The banking and accounts are
all now online and all account movements entered on a daily basis. Matt chose to explore
online accounting systems and decided that Plato would use an integrated banking and
accounting system as provided by our principal bank, Lloyds {Lloyds Business Finan
Assistant). This appear5 to be an excellent system and provides instant Up-to-date financial
management information.
All Health and Safety inspection records are now computerised, as are all gas and electricity
inspections.
Sadly, Gordon Yates retired as a Trustee. Gordon had extensive experience of business and
the computer world and was a reliable and wise Trustee to whom I could turn to and seek wise
counsel and advice. Our thanks therefore is given lo Gordon for his service as a Trustee.
Contemporaneously, with Ihe departure of Mr Liggins and Ms Taylor, we saw the recruitment
of four further Tru5tee51Directors. We are fortunate to see the arrival of Mr Liam O'Brian, Mr
Guy French, Timothy Huggan and Jessica Tooth-markham. Mr O'Brian had extensive very
senior Police Service and experience of the preparation of a vilally important report and review
of the actions of the police and govemment agencies in Northem Ireland. Mr French has had
a lifetime of experience at the highest level in Banking and, recently, locally with the Coventry
Building Society with particular emphasis on business practices and organisation. Mr Huggan
had served as a de fado trustee for some time before his fomal appointment as a trustee in
January 2026. Jessica Tooth-markham, Matt's daughter, will give us a fresh view from a
younger perspective. Also, Coun¢illor Judith Falp has rejoined Plato after a short period of
absen￿. As an Independent Town, District and County Councillor, her unrivalled experience
of local government, Its officers and the background lo local govemment decisions, at all
levels, is hugely valuable to Plato. The Board of Plato Trust is now stronger. more experienced
and more challenging than it has ever been.
Matt has transferred mosl ofthe cash payments for the residual rents (not being met by
housing benefit) to standing orders which has saved a significant amount of employee time,
formerly and mainly carned out by Caroline Taylor. This has led to a re-evaluation of the tasks
to be carried out by the assistant to the manager and lo planning the early recruilmenl of such
a position at an early date.
A review was undertaken of all our properties energy usage. and they were found to be on a
higher tariff than others available from our provider. A switch was made to a lower tariff. At
the same time, in order to free up more staff time, almost all our properties {where available)
were switched over to smart melers, reducing the need for frequent meter readings.
Matt no longer has formal House Meetings which had outlasted their original purF)ose, lacked
scope, and were very time consuming. All houses and residents are now more regularly
visited, and the visits are comprehensive. They incorporate occupant welfare checks,
safeguarding checks, maintenance reviews and minor repairs. fire alam tests, and

PLATO TRUST
Page 6
Directorfs Report for the year ended 31st January 2026 {Continuedl
recordingladdressing any other issues such and health and safety. A record of the outcomes
of these visits is maintained.
To further professionalise Plalo Trust's operational activities and reputation further, and reduce
risk to our occupants, all staff, and almost all trustees are now trained in level 3 Adult
Safeguarding and GDPR.
Matt is qualified to carry out PAT testing and has purchased the appropriate equipment.
Accordingly, all PAT testing is carried out by him whi¢h is cost effective, as against employing
an outsidè contractor and is immediately available for use wilhoul the need of organising
external contractors when a new occupant moves in, or when an occupant purchases new
electrical items.
Outstanding accounts with the County Council - There have been a number of historic
accounts that seem not lo have been issuedlpaidlexeculed at all or correcllylincorrectly by the
County Council who commissioned various inspections and works at our premises, some with,
but a lot without Plalo's express or even implied authority. There seem to be a final rump of
these accounts amounting lo about £5,000 which Plato is currently questioning with a strong
view that these accounts are unjustifiable.
The condition of many of the gardens at our properties have been significantly improved. The
above actions all have been important to the operation of the Trust but three further matters
threatened to have, have had, or may have, a fundamental effect on the future of the Trust.
The first of these threats was the governmental demand to register 7 of our group homes as
Houses in Multiple Occupation IHMOsl. These houses are Hampton Street, Grove Street, Guy
Street, Rugby road, Cubbington Road and East Dene. In the event, East Dene proved only to
have 2 useable bedrooms and therefore did not need lo be registered. The inspections were
carried out by Warwick District Council in a positive manner, The resultant schedule of works
was ¢osted at between £45,000-£50,000. After some positive but tough negotiations with the
Landlord of all of thesé properties, Warwickshire County Council, they accepted that some of
this required work was their responsibility. Some work required immediate attention, and this
was duly carried out. Much of the work agreed with Wamick District Council could be carried
out over a limited and planned period of lime, but with the District Council being informed, and
the submission of photographic evidence. Some work remains outstanding, prin¢ipally works
agreed to be completed by the County Council, which necessitate the manufacture of new
windows. A great number of fire doors and closers had also to be replaced. This is a task that
has not yet been fully completed, however as each week passes more works are finalised and
the District Council updated.
The Second of these threats is that aftér a great many years, five of our properties are the
subject of rent revièws. If fully put into effect the rent reviews would have added over £65,000
lo our annual costs. The Landlord in all these cases is the County Council. Plato finds it
difficult to comprehend the moral basis that Plato has to pay near commercial rents to the
same council that Plato Trust is saving probably millions of pounds each year in housing
residents that are hugely Gostly and quite difficult to house. Negotiations are still

PLATO TRUST
Page 7
Directofs Report for the year ended 31¥t January 2026 IContlnued}
proceeding. Under the current climate we expect to be paying considerably more rent next
financial year. Some provision has been made by us to protect the future financial viability of
Plato.
The Third threat was, Ihat post Covid, the reputation of Plato had significantly slipped with
standards of accommodation falling. This was underfined to us by the persons commissioning
accommodation threatening nol to recommend any further residents to Plato Trust and also to
start taking residents out of Plalo accommodation. Indeed, we were lold that meetings had
been taking place to plan such an exodus. Wilh better communication and significant
improvement in the quality of our accommodalion this has been reversed.
However, with the huge pressures on the NHS mental services teams and a resultant very
rapid turnover of slaff facing such pressures, Plato Trust, through Matt. finds that it has to
constantly remind new staff of the purpose, the limitations, and indeed the very existence of
Plato
Plato properties have in the past always been subject to significantly more wear and tear than
other residential properties and this in turn means that they are more difficult to manage and
more expensive lo run than ordinary residential lets. There has been significant refurbishment
and maintenance work last year, over and above the HMO work. A number of bedrooms
where residents moved out, or where occupants have failed to maintain their Cleanliness, have
been fully redecorated and new carpets fitted. One at Hampton Street, two at Rugby Road.
three at Grove Street, one at East Dene and two at Regent Place. In addition, new
furnishings, bedding, mattresses, metal framed beds, and while goods have been provided
and installed at a number of other addresses. Overall, this has and will continue to improve
the state of some of our more 'problematic' homes, where the occupants. mental health means
they struggle to adequalely maintain them properfy, providing a better quality of living for our
residents.
One flat at Wickham court was heavily affected by issues of mould and damp, so much so that
the occupant had to move out lo another Plato Trust property. Following discussions with
Warwick Distrirt Council about making good the property, they are making progress to install
new doors, windows, bathroom and kitchen, which will make this a much sought after property
once again. Other maintenance and refurbishment anticipated for the year 2026 -2027 will
include completing the HMO schedule of works, the refurbishment of the kitchen al Hampton
Street, as well as an ongoing schedule of redecoralion, room-by-room, across all group homes
given they generally deteriorate more quickly than other residential properties.
All insurances have been and will continue to be reviewed in the coming year resulting in a
more focussed and relevant cover.
The need and scope of Plato Trust employing a 'handyman' to save on employing extemal
contra¢lors is also actively being considered.
Towards Ihe end of this year, the scope, obligations, and stalus of the assistant have been
reviewed with the hope of a new assistant being engaged as soon as possible to carry out
essential desk and community work and also to relieve Matt of some of the office work that he

PLATO TRUST
Page 8
Directorfs Report for the year ended 31°, January 2026 {Continued)
is engaged in. With relief from such pressures, and subject to client demand. available
properties and, an affordable plan relating to finance and income, it is hoped lo press on with
the continued expansion of Plato Trust. I sincerely believe that Plalo is a business model that
is capable of expansion in a market that is unlikely to diminish in the foreseeable future and
provides accommodation and mental relief to those who, sadly, are very hard to
accommodate.
l extend my gratitude to the former. existing and new Trustees for Iheir dedication, contribution
and time that they give towards the running of Plato Trust.
I particularfy wish to record our gratitude to Matt for his outstandin9 work in putting Plato into
the 21st Century and the hours that he has spent before that as a volunteer manager
(including whilst on holiday abroad). Wilhout Matt we would be in a very much poorer place.
Alongside Matt is his wife Jenny who also has contributed hours of time on a voluntary basis
and il is hoped that she will join Plato Trust as Matt's assistant. Wilhout there being a female
member of staff, visits to our female residents have had lo be co-ordinated with the help of
Jenny, and their daughters Anna and Jessica lo whom l extend our thanks.
Trustees
The Directors. who are also the Trustees of the charitable company, as named on page 3
have served throughout the penod. 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 existing Director. Only
members of the charitable company are eligible for appointment as Dire¢tor. The induction of
new Trustee involves being made aware of a Trustee's ￿SponSibl11t1es, the governing
doGument, the administrative procedures, the history and philosophical approach of the
charity.
Objectives and Activities
South Warwickshire Plata 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 commrttee of 5 Trustees who meel six times a year and are
responsible for the strategic direction and policy of the charty.
The Trustees have delegated day to day responsibility for administration of the charity with the
General Manager.
South Warwickshire Plalo 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 1
December 2008. These activities were formerly carried out by the unincorporated charity.

PLATO TRUST
Page 9
DirectO￿S Report for the year ended 3111 January 2026 Icontinuedl
South Warwickshire Plato Trust. The entire assets and undertaking of Ihe trust were
transferred to the company on 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 Perfomiance
The charitable company would not be able to provide such a wide Servi￿ to our beneficiaries
without the continued support of a number of willing staff who give their ServI￿S volunlarily.
Income generated has been applied to the objectives of the Gharity.
Public Benefit
The Trustees have had due regard to the guidan￿ published by The Charfly Commissioners on
public benefit, and consider that the objectives and activities of the charity fulfil their requirement.
Financial Review
The Directors consider that the perfomance of the charitable company this year has been
satisfactory, with a surplus of £36,880 (2025: £152.2821. The increase in funds ensures the
stability of the charity and the upkeep of its houses to meet ils objectives.
Funds available are sufficient to permit the charitable company to continue in operation in the
medium lerm, given that the continued support of the local councils has already been
promised for a further year. ShoLtld this support not continue in the longer tem, further
financial support would need to be sought to replace it.
Risk Review
The Directors actively ￿VIeW the major risk which the Charity fa￿5 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 sufficient resources in the event of adverse
conditions. The Directors have also examined other operational and business risks faced by
the Charrty and confirm that they have eslablished systems to mitigate the significant risks.
Reserves Policy
It is the policy of the charitable company io maintain unrestricted funds at a level which equate
to approximately 9 months unrestricted expenditure. This provides sufficient funds to Gover
management and administration and support costs. Unrestricted funds are maintained al least
al 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 lo upgrade the accommodation provided as well as seeking to
add to its property portfolio if opportunity arises.

PLATO TRUST
Page 10
Director's Report for the year ended 31" January 2026 Icontlnuod)
Statement of Directors, Responsibilities
Company Law requires the Directors to 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 Director5 are required to..
Select suitable accounting policies and then apply them consistently;
Observe the methods and principles in the Charities SORP 2019 IFRS 102}',
Make judgements and estimates that are reasonable and pwdent.,
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 concem basis unless it is inappropriate
to presume that the company will continue in operation.
The Directors are responsible for maintsining proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charitable company and enable
them to ensure that Ihe financial statements comply with the Companies Act 2006. They are
also responsible for safeguarding the assets of the company and hen￿ 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 repo
s approv
e Directors on 27 August 2026 and signed on their behalf.
Pelef Law"
Director

PLATO TRUST
ICHARITY NUMBER: 1126506)
Page11
Independent Examinorfs Report to the Trustees
I report lo the charity Iruslees on my examination of the a¢¢ount5 of the company for the year ended
31st January 2026 which are set out on pages 10 to 19.
RBsponsilJilities and bas1$ of report
As the charity trustees of the cornpany land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies
Act 20061'lhe 2006 Acl'l
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 lor independent examination. I report in respect of my examination of
your company's accounts as carried out under section 145 of the Charities Act 2011 I'the 2011 A¢l'l In
carrying out my examination I have followed the Directions 9iven by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examlner's $taternent
Since the company's gross income exceeded £250,000 your exominer musl be a member of a body
listed in section 145 of the 2011 Act I confirm that l am qualified lo undertake the examination because
l am a member of The Inslilule 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 lo my a+tenlion in connection
with the exarnination giving me cause lo believe that in any material respect".
accounting records were not 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 a¢¢ounting requirements of section 396 of the 2006 Act
other than any requirement 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 been prepared in a¢¢ordance with the methods and principles of the
Statement of Recommended Praelice for accounting and reporting by charities applicable lo
charities preparing their ac¢ounls In accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021.
I have no con¢erns and have come across no other matters In ¢onnection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mark D Harwood FCA BFP FMAAT
Michael Harwood & Co
Chartered Accountants
Greville House
10 Jury Street
Warwick
CV34 4EW
Date:
8 102

PLATO TRUST
Page 12
Statement of financial activities for the year ended 31%t January 2026
(Incorporating the Income and Expenditure Account}
Unrestricted
Funds
Total
2026
Total
2025
Notes
Income from:
Rent and Rent Allowance
Interest Receivable
Donations received
448,754
673
29
448.754
673
29
489,915
153
45,431
Total Income
£449,456
£449.456
£535,499
Expendtture on:
Charitable Aclivrties
Other Costs
415
4C*.644
5.932
406,644
5,932
379,113
4,104
Total Expenditure
£412,576
£412,576
£383,217
Net movement in funds
36,880
36.880
152,282
Reconclliatlon of funds:
Total funds brought forward
1,362,390
1.362.390
1,210,108
Total fund8 carrled forward
14
£1,399,270
£1,399,270
£1,362,390
All income and expenditure denve from continuing aclivib"es.
The notes on pages 13 to 19 form part of these financial statements

PLATO TRUST
Page 13
Statement of financial activities for the year ended 31 January 2025
Ilncorporating the Income and Expenditure Account)
Unrestrlcted
Funds
Total
2025
Total
2024
Notes
In¢orne from:
Rent and Rent Allowance
Telephone Income
Interest Receivable
Donations received
Damages from resident
Tenant appliance contributions
489.915
489.915
411,850
153
45.431
153
45,431
121
250
13
Total Incom¢
£535,499
£535.499
£412.240
Expenditure on:
Charitable Activities
Other Costs
415
379.113
4.104
379.113
376,160
4,092
Total Expendlture
£383,217
£383.217
£380,252
Net movement Sn funds
152,282
152.282
31,988
Reconclllatlon of funds:
Total funds brought forward
1.210.108
1,210.108
1,178,120
Total funds carrled foNi•rd
14
£1.362.390
£1,362.390
£1.210,108
All income and expenditu￿ derive from continuing actsvrties.
The note5 on pages 13 to 19 fom part of these financial statements

PLATO TRUST
Page 14
Balance Sheet as at 31st January 2026
Company No: 06669078 (England and Wales
Note
2026
2025
Fixgd Assets
Tangible assets
1,164,443
1,163,913
Current Assets
Debtors.. amount falling due wthin
one year
Cash at bank and in hand
27,617
232.874
33,253
209,304
260.491
242,557
Creditors.. amount falling due within
one year
10
{25,6641
126,3031
Net current assets
234,827
216,254
Total assetslgss current liablllties
1.399,270
1,380,167
Creditors.. amount falling due after
more than one year
11
117,777}
Net Assèts
£1.399,270
£1,362.390
Funds..
Unrg$trict•d Funds
14
1.399,270
1,362,390
Total charity fund8
£1.399,270
£1,362,390
For the year ending 311t Janvary 2026 the company was entitled lo exemption from audit under section
477 of the Companies Act 2006 relating lo small companies.
Directors, responsibilit￿$.
The mernbers have not required the company to obtain an audit of rts accounts for the period in
question in a¢¢ordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect lo accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable lo companies
subject lo the Sm￿1 ￿MpanIes. regime.
Approved
ectors on 2P August 2026 and signed on their behalf.
Peter Law
Dirgetfjr I Cha
an
The notes on pages 13 to 19 fom part of these financial statements

PLATO TRUST
Page 15
Notes to the Accounts for the year ended 31•t January 2026
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 information on
page 3 and the nature of the charity's operations and pnncipal activities are given on pages 5 10
The charity constitutes a public benefit entity as defined by FRS 102. The fi'nancial slalemenls
have been prepared in accordance with Accounting and Reporting by Charities. Stalernent of
Recommended Practice applicable lo charities preparing their accounts In accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019, the Financial Reporty'ng Standard applicable in the United Kingdom and Republic of
Ireland IFRS 1021, the Chanlies Act 2011, the Companies Act 2006 and UK Generally Accepted
Practice as it applies from 1 January 2015.
The accounts do not include a cash fl¢)W Statement on the grounds that il is applying FRS 102
Section 1A.
The financial statements are prepared on a going concern basis under the historical
cost
convention, modified to include eertain items al fair value. The financial statements are
presented in sterling which 15 the functional currency of the charity and rounded lo the nearest
£1.
Accountlng Policies
Income
These are included in the Statement of Financial Activities ISOFAI when..
the Charity becomes enlitled lo the resources.,
the Trustees are virtually certain they will receive the resources,. and
the monetary value can be measured wilh sufficient reliability.
Unreslricled funds
Funds from incoming resources. inveslrnenl 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 ac￿unIS when receivable.
Investment Properties
The Trust own5 six long leasehold properties as follows".
Prince Regent Court has a lease of 100 years from 151 May 1989
Webster Avenue has a lease of 125 years from 2nd May 1988
Kilby Court has a lease of 990 years frorn 241h June 1981
Governors Court has a lease of 120 years from 25th March 1999
Ryland Court has a lease of 125 year5 from 3rf July 1989
Markham Drive has a lease of 999 years from 1st January 1973
The Trust also bought a freehold propety in Emscole Road, Warwick in December 2021.
As they are investment properties. no depreciation is provided on these propety costs and in
the opinion of the directors they have been included at 'a fair valuats'on" given their rental
income and current use.
Equipment has been dep￿cIated over three years.
No professional propety valuations have been undertaken as such costs are not considered
necessary as the Properties are ￿ularlY maintained al a level suitable for their use.

PLATO TRUST
Page 16
Notes to the Accounts for the year ended 315t January 2026
The purchase costs are written off to revenue when incurred.
Liability Recognition
Liabilities are recognised as soon as there is a legal or constnJctive obligation committing the
Charity lo pay our resources.
Support Costs
All costs are allocated to charitable activities on a basis consistent with use of resources.
Pension Costs
The Trust makes an employerfs contribution towards the employees. pension scheme.
Direct Charitsble Expenditure
These are only recognised in the accoL*nls when a commitment has been made and there are
no conditions lo be mel relats.ng lo the expenditure which remain in the control of the Charity.
Taxation
The Charity is exempl from Corporation Tax on its charitsble 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 expeeled level of Income and expenditure for 12 months from asjlhorising these financial
slalemenls. The budgeted income and expenditure is sufficient with the level of reserves for the
charity lo be able to continue as a going concern.
2.11
Charity Slalus
The Charity is registered with the Charity Commission for England & Wales, Registered No".
1126506 and is regulated by the Trust Deed dated 24th November 1981.
2.12 Limited by Guarantee
The company was incorporated under the Companies Acts 1985 to 2006 and not having a
share capital is limited by guarantee. The guarantee of each member is limited to a maximum of
£1 and 15 for a maximum period of one year after Ceasing to be a member.
2026
202S
INTEREST RECEIVABLE
Bank interest
£673
£153

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Page 17
Notès to the Accounts for the year ended 315t January 2026
2026
Unrestricted
Funds
Total
2026
Total
2025
DIRECT CHARITABLE EXPENDITURE
Staff salaries
Pension
Rent
Rale5
Insurance
Electricity and Gas
TV licences
Heating and appliance repairs
Decorating
Building repairs
Telephone
Cleaning
Gardening
Renewal of household equipment
Council lax
Travel and expenses
Legal and professional
Loan interest
Management charge
Support costs (Note 51
81,012
1,973
107,518
15,394
12,395
48,134
3,595
268
8,126
56,101
81,012
1,973
107,518
15,394
12,395
48,134
3,595
268
8,126
56,101
82,020
1,968
101,733
11,979
11,247
47,897
3,690
2,297
3.580
23.628
71
24.126
2.525
8.187
26.712
4.083
1,000
1,686
7,580
13,124
8,400
6.127
9,313
19,907
1.553
336
995
13.188
12.309
8,400
6,127
9,313
19.907
1.553
336
995
13.188
12.309
£406.644
£406.644
£379,113
2026
Unrestricted
Fund$
Total
2026
Total
2025
SUPPORT COSTS
Bookkeeping services
Office equipment repairs and servicing
Stationery and postsge
Bank charges
Website maintenance and computer support
Training
Office council lax
Office telephone
Sundry costs
Office equipment depreciation
2.834
1,332
1.012
734
1.500
617
669
1.696
1,849
2,834
1,332
1,012
734
1,500
617
669
1,696
1,849
66
7,898
92
688
1,029
802
559
1,551
505
£12.309
£12.309
£13,124

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Page 18
Notes to the A¢Gounts for the year ended 31#t January 2026
OTHER COSTS
2026
2025
Independent Examine¢s fee
Accountancy fees
2.270
3.662
2,270
1,834
£5,932
£4,104
TANGIBLE ASSETS- INVESTMENT PROPERTIES & EQUIPMENT
2026
2026
2026
Equipment
Freehold Leasehold
2026
Total
Cost at 11¢ Febfuary 2025
Additions
Disposals
480,163
683,750
1,163,913
596
596
Cost at 31xt January 2026
596
480,163
683,750
1,164,509
Depreciation al 1* February 2025
Charged in the year
Eliminated on disposal
66
Depreciation al 31st January 2026
66
Net book value at 111 February 2025
480,163
683,750
1,163,913
Net book value at 31* January 2026
530
480,163
683,750
1,164,443
The valuations of the above properties have been consKlered by the Trustees at the year end and
in their opinion. they still rellecl a fair market valLte given their rental income and current use. They
do not consider the cost of a professional valuatson would form a useful purpose at this lime, as
there is no Intention to sell the properties.
OEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2026
2025
Rent receivable
Prepayments and accrued income
Other debtors
529
15,377
17,347
15,000
12,617
£27,617
£33,253
CASH AT BANK AND IN HAND
2026
Unrestricted
Funds
Total
2026
Total
2025
Lloyds Current account
Natwest Direct Reserve account
Lloyds Business account
Lloyds 32 Day Notice account
Cash in hand
173,506
46,087
173.506
46,087
150,510
45,576
12,918
13.076
200
13,076
200
300
£232.874
£232.874
£209,304

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Page 19
Notes to the Accounts for the year ended 31 January 2026
10. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2026
2025
Trade creditors
Bank loan
Accrued expense5
Deferred income
2.304
17.777
5.583
1,731
18,716
3,895
1,961
£25,664
£26,303
11. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
2026
2025
Bank108n$
£NIL
£17,777
Analysis of loans
Not wholly repayable within five years by instalments:
Bank loans
17,777
36,493
17.777
36,493
Included within current liabilrties
117,7771
118,7161
£NIL
£17.777
Loan maturity analysis
Debt due in one year or less
In more than one year but not more than years
In more than hvo years but not more than ffive years
17.777
18,716
17.777
£17,777
£36,493
Creditors falling due in more than one year include secured creditors of £Nil12025". £17,777).
This loan is repayable in 2026 at a fixed rate of 3.720A.
12. DEFERRED INCOME
2026
2025
At 1 st February 2025
Additions cluring the year
Amounts released to income
1,961
3,756
1,961
3,756
1.961
At 3111 January 2026
£NIL
£1,961
There is no income that has been deferred for Housing Benefit at the year end relating lo a
period after the year end.

PLATO TRUST
Page 20
Notes to the A¢¢ounts for the year ended 31" January 2026
13. STAFF SALARIES
2026
2025
Salaries
Social security
79.599
1.413
78,674
3,346
£81,012
£82.020
Pension
£1.973
£1.968
The number of full and part-lime employees was as follows..
Administration
No employee received emoluments over £60.000 in the year
14. FUNDS
Unrestricted
Funds
8alanee al 1* February 2025
Income in year
Expenditu￿ in year
1,362,390
449.456
1412,5761
Balance at 31SI January 2026
£1,399,270
Unrestricted
Funds
Balance at 151 February 2024
Income in year
Expenditure in year
1.210,108
535,499
1383.2171
Balance at 31￿ January 2025
£1,362.390

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Page 21
Notes to the Accounts for the year ended 31st January 2026
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Funds
2026
Fixed assets
Cash and current assels
Current liabilities
Long term liability
1.1 $4.443
260.491
125.6641
£1.399.270
Unrgstrlcted
Funds
2025
Fixed assets
Cash and current assets
Current liabilities
Long term liability
1.163,913
242.557
126,3031
117.7771
£1.362,390
16. TRUSTEES. REMUNERATION AND EXPENSES
None of the Trustees were paid any remuneration during the year12025.' £NIL}.
One tTUStee was reimbursed expenses of £2,187 during the year12025' £NIL).
17. RELATED PARTY TRANSACTIONS
There were no related party Iransaclions during the year12025." £NILI.