PLUTO
EDUCATIONAL
TRUST
Annual Report 2023

TABLEOFCONTENTS
THE BOARD AND EXECUTIVE MANAGEMENT........-.-.-.-.-.-............-........................................
THE BOARD OF TRUSTEESAND DIRECTORS...................................................................................
SENIOR MANAGEMENT..................................................................................................................
KEY INFORMATION.........................................................................................................................
PETVISION............................................................................................................................
MISSION.
NETWORK......................................................................................................................................
AIMS................................................-.-.-.-.-.-.............-..........................-.-.-.-.-.-................................
VALUES .........................................................................................................................................
REPORT FROM THE CHAIR....................................................................................................
EXECUTIVE DIRECTOR REPORT........-.-.-..................-............................................................
REVIEW OFACTIVITIES.........................................................................................................
PLUTO BOOKS................................................................................................................................
PLUTO JOURNALS.........................................................................................................................10
DECOLONIALCENTRE...................................................................................................................
AMEENA GAFOOR INSTITUTE ..-...............................-.-..............-.-....................-.-........................... 12
AFRICAN PUBLISHING ..................................................................................................................13
DIRECTORS REPORT AND FINANCE REVIEW.......................................................................14
INDEPENDENT EXAMINER'S REPORTTOTHE TRUSTEES
17
STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023................19
BALANCE SHEET 31 DECEMBER 2023.................................................................................. 20
STATEMENT OF CASH FLOWS FOR THEYEAR 31 DECEMBER 2023...................................... 21
NOTES TO THE FINANCIAL STATEMENTS
.22
12.
ACKNOWLEDGEMENTS....................................................................................................... 32

1.THE BOARD AND EXECUTIVE MANAGEMENT
THE BOARD OFTRUSTEES AND DIRECTORS
P M Tiffen
Chair
F Dove
l Marshall
ProfessorJN Muthuri
Dr R M Van Zwanenberg
Founder and Honorary President
SENIOR MANAGEMENT
Anne Jeanpert
Finance Officer
Charlie Clarke
Executive Director
Professor David Dabydeen
Director AGI
Eve Kanram
Communications Officer
Mohammed Elnaiem
Director Decolonial Centre
Dr R M Van Zwanenberg
Director Plutojournals
Veruschka Selbach
Director Pluto Press
KEYINFORMATION
Independent Examiners
Centora
Jury Farm,
Ripley,
West Horley,
KT24 6JT
Registered Charity Number
1136616
Registered Company Number
07157868
Registered Office
72 Priory Gardens,
London,
N65QS
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

2. PETVISION
MISSION
Our mission is to support publishing and educational projects that empower writers.
campaigners and movements striving for positive change. We believe that knowledge
production is the cornerstone of resilient and enduring social movements. By
supporting intellectual projects and defending world-class research we aim to inspire
collective action and systemic change.
NETWORK
The PET Network is made up of subsidiary companies. projects and partners. It is
aligned by a set of shared values and is committed to the production and dissemination
of knowledge and ideas that support a more just. equal and sustainable world. PET is
working to nurture, support and expand this network.
LEFT
BOOK
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EDUCATIONAL
Trusr
THE
DECOLONI&L
CENTRE
Ameena Gafoor Institute
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

AIMS
A Custodian
PET is committed to safeguarding the sustainability and autonomy of radical
independent publishing, particularly through its stewardship of Pluto Press and Pluto
Journals. PET ensures these entities thrive by providing access to working capital,
building capacity, and offering strategic leadership.
Beyond merely preserving these institutions. PET'S custodianship focuses on creating a
resilient ecosystem where independent knowledge production can flourish. ensuring
that the critical voices represented by Pluto Press and Pluto Journals continue to be
influential and sustainable over the long term.
An Incubator
We nurture the development and sustainability of educational and research initiatives that
advance systemic change. PET provides essential governance support, seed lunding, and
strategic mentorship to emerging projects. offering them the space and resources they
need to grow.
By incorporating these initiatives into the PET Network. PET ensures that new ideas are
rigorously tested, refined, and connected to a wider community of authors, partners, and
funders, fostering innovation and impact.
A Heritage Project
The heritage role of PET is embodied in the Radical Memory Project. which aims to
preserve and transmit the collective memory of progressive movements. We are
committed to introducing the PET Network's extensive back catalogue to a new
generation. By making these resources accessible and relevant, we aim to inspire and
inlorm contemporary movements.
This initiative aims to foster intergenerational learning by connecting different
generations of activists, ensuring that the rich history and lessons of past struggles are
preserved and used to inspire and guide future efforts.

VALUES
INTERNATIONALISM
We recognise that the struggle forjustice and equality transcends borders. We are committed
to a global solidarity rooted in liberation. We seek to amplify marginalised voices and support
the production of knowledge and ideas that contribute to the dismantling of oppressive
structures.
INTERGENERATIONALITY
We believe in the power of intergenerational exchange and learning. We recognize the
importance of sharing knowledge and experience between age groups. By fostering
dialogue and collaboration between generations. we ensure the continuity of
movements for social change and the preservation of collective memory.
COLLABORATION
Collaboration lies at the heart of PET'S ethos. We believe in the power of collective thinking.
action and cooperation to address complex social challenges and answer the big questions of
our time. Through partnerships with diverse organisations, initiatives. and individuals, we
maximise our impact and advance our shared goals of social justice and equality.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

3. REPORT FROM THE CHAIR. PAULINETIFFEN
The Pluto Educational Trust has a unique mission. of deep value in times when robust,
moral, and socially relevant public knowledge are needed to Ljnderstand, act on and
redress the problems of our societies and our global collectivity.
PET'S primary initial purpose was to be a custodian of Pluto Books T/A Pluto Pre5S
and Pluto Journals. PET'S 2019-2022 Business plan set out 3 aims to further this:
To increase PET'S capacity to act by building partnerships, alliances and more
visibility for the Trust
To protect and strengthen radical publishing ventures
To develop contributors and audiences for those ventures by investing in new
projects.
A great deal has been done within this scope. And. moreover, PET made significant
further progress in the last year. with the hire and settling in of its first. dedicated
Executive Director, a review of systems and supports needed for our grouping, and the
collective preparation of an aspirational and timely Strategic Plan.
The Pluto Educational Trust has gathered allies and is building a strong. interlinked and
aligned network of educators, publishers. researchers and supporters. In the last few
years the Trust has provided a home and support to two new ground-breaking initiatives:
The Ameena Gafoor Institute for the Study of Indentureship and its Legacies, and The
Decolonial Centre (DCC).
This support and'incubation role has shown Trustees and supporters of the Trust, the
great potential of its mission, furthering its custodianship of two established publishing
companies Pluto Press and Pluto Journals. Building capacity and providing a range ol
ellective supports - organisational, communications, finance arld governance for
these social enterprises as well as new and emerging projects. is critical to the
continued success of the Trust and the furtherance of its vision.
TRIBUTETO ROGERVAN ZWANENBERG. PET FOUNDINGTRUSTEE
This year saw the handover of the Board Chair from PET'S
Founder Roger Van Zwanenberg - now Honorary President
of PET. Roger took on the challenge of the nurture and
protection of radical publishing, founding PET when he
stepped down from Pluto Press, after a long career in
publishing. Roger is a pioneer who has pushed constantly
for a capable and sustainable PET and a strong grouping of
partners and like-minded organisations. Roger's leadership
of PET is marked by his great insight into publishing, a
resilient sense of hope and a significant endowment of
resources including funds and a building.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

4. EXECUTIVE DIRECTOR REPORT. CHARLIE CLARKE
l am extremely proud to have been appointed as the first Executive Director of the Pluto
Education Trust and my first year in post has been a wonderful experience. The range of
work being produced within our network is truly exciting and it's been a pleasure to
work with such a talented and experienced group of people, committed to the difficult
task of progressive social transformation.
It has almost become a platitude to talk of the multiple crises we face, from the climate
emergency, increased war and conflict, as well as the rise of authoritariarlism and
anti-migrant politics. Movements and organisations working to challenge this situation
and provide egalitarian and sustainable alternatives face huge obstacles, including
state repression, under-resourcing and the rise of disinformation. At the same time, if
we shift our gaze, it is not hard to find inspiring examples of people defying these
obstacles through collective action and organising around the principles of
internationalism, solidarity and hope.
A vital aspect of movement building is the production and dissemination of research,
knowledge and theories that provide a systemic analysis of the economic, social and
political context we face and foreground histories and struggles that are all too often
marginalised within mainstream culture.
Over the past fifty years many of the traditional institutions providing such an analysis.
from trade unions to university departments. as well as many media and publishing
projects, have been underfunded, co-opted or closed down. It is imperative that we
counter this trajectory and collectively nurture a robust and reliable ecosystem of
research and education equal to the complex challenges we face. To paraphrase a well
known formula: theory without action is empty and action without theory is blind.
The history of Pluto Press and over the last fifteen years, Pluto Journals, demonstrates
our longtime commitment to this work. With the addition of the Ameena Gafoor Institute
and the Decolonial Centre over the past few years, it has expanded into new mediums,
institutions, partnerships and audiences.
Therefore it has been incredibly exciting to lead a review of our strategy over the past
year. We have taken a step back to reflect on how PET can build on this work and
harness our network and resources to further support transformative action in the world
through the creation and dissemination of research. publications and education.
Alongside shoring up our custodianship of Pluto Press and Pluto Journals. and thus
contributing to the sustainability of radical independent publishing and knowledge
production, we have identified two further strategic aims.
Over the past few years PET has gained a huge amount of experience as a"home" and
incubator of new educational projects. The Ameena Gafoor Institute, led by David
Dabydeen, is a unique project, leading the field in disseminating knowledge and
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

awareness around the history of Indentureship. Equally, the Decolonial Centre led by
Mohammed Elnaiem, has made huge strides over the past year and is at the forefront
of introducing anti-colonial perspectives ar)d histories to a new generation of thinkers,
researchers and activists.
PET will build on this experience by investing in its capacity to incubate new
educational and research projects in the UK that help further a spirit and practice of
internationalism. We will offer a home for new projects, providing seed funding,
infrastructure, access to networks, as well a5 support and guidance. As an incubator, we
want to contribute to the movement ecosystem, providing new projects the time and
space to take risks, develop skills and networks, and build resilience.
Custodianship is not just a legal issue lor PET. From Peter Fryer s landmark Staying Power..
The History of Black People in Britain to the Arab Studies Quarterly Journal co-founded by
Edward Said, the Pluto back catalogue is an ir)credible resource. A key strategic aim
going forward will be to play a more active role in initiating projects that bring this
history alive, introducing it to new audiences. Our Radical Memory Project will aim to
sustain institutional memory and facilitate intergenerational learning within the PET
Network and beyond.
Collaboration lies at the heart of PET'S ethos. and so as we move forward with this
strategy. we are incredibly excited to build new relationships and partnerships, as well
as working even more closely with everyone already involved in our network.
Finally, I would like to express my gratitude to all the trustees and staff for their hard
work and support in my first year. and particularly to the founding trustees Roger van
Zwanenberg and Pauline Tiffen. Without Roger's incredible determination, experience,
knowledge and ongoing generosity PET would simply not exist. Equally, Pauline's vast
experience of building organisations and her commitment to PET'S development and
growth has been invaluable.
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5. Review of Activities
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PLUTO BOOKST/A PLUTO PRESS
In 2023 Pluto Books moved its UK/ROW distribution from Marston to Wiley. This included
the transler of over100,000 books, setting up data for 5,500 ISBNS arld setting up printing
files for over 700 books in the Zero Inventory programme which prints books in the
warehouse as needed. Growth in North America was over 40 /. following the
establishment of its US office in early 2022, a level of growth continuing into 2024.
It published 46 books, four of which speak directly to Palestinian struggles, all published
before October 7th. 2025. Greater Than the Sum of Our Parts." Feminism,
Inter/Notionali5m, and Palestine by Nada Elia. One State.. The Only Democrotic Future lor
Palestine/lsrael by Ghada Karmi. Hostile Homelonds." The NewAlliance between Indio and
Israel by Azad Essa. and Dismontling Green Colonialism.. Energy and Climate Justice in the
Arob Region by Hamza Hamouchene.
The publication of Jeremy Seabrook's Private Worlds.. Growing Up Gay in Post-war Britain
was shortlisted for The TLS Ackerley Prize and Aviah Sarah Day and Shanice Octavia
McBean's Abolition Revolution won the 2023 Bread and Roses Award.
Other notable titles published in 2023 included Mad World.. The Politics o[Mental Health by
Micha Frazer-carroll, Empire of Normality.. Neurodiver51ty and Capitalism by Robert
Chapman and Queer Footprints." A Guide to Uncovering Londons Fierce History by Dan Glass.
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PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

PLUTOJOURNALS
In 2023, Pluto Journals made progress in expanding its impact and fostering
collaborations within the academic community. Key developments included joining the
Directory of Open Access Journals (DOAJ}, becoming a JISC authorised supplier, and
contributing to important discussions on the sustainability of open access.
In 2023, Pluto Journals saw a significant rise in usage. building on the success of its 2021
flip to Diamond Open Access. Total user engagements reached an impressive 1,785,496,
marking a 28 % increase compared to the previous year.
In 2023, Pluto Journals achieved a significant milestone by joir)ing the Directory of Open
Access Journals (DOAJ). DOAJ membership enhances the visibility arld discoverability of
Pluto Journals, titles within the academic community. As a member of DOAJ, Pluto
Journals benefits from the organisation's rigorous quality standards. ensuring credibility
and trust. Moreover. DOAJ'S Open Access policies promote broader dissemination of
research. fostering collaboration and ultimately increasing the impact of Pluto Journals,
publications.
To further strengthen its reach, Pluto Journals became a JISC authorised supplier, the
consortium organisation for UK academic libraries. This streamlir)ed the process for UK
institutions to support the Pluto Journals collection, emphasising the critical role of
library support in sustaining open access initiatives.
In November 2023, Pluto Journals contributed to the Charleston Library Conference with
a presentation titled'sustainable Open Access for Social Science Journals.. Could
Diamond be Forever?, alongside colleagues from Knowledge Unlatched,JSTOR, and the
Canadian Digital Library. The presentation explored potential collaborations between
publishers and libraries to ensure the long-term sustainability of Open Access in social
science journals. By sharing insights and exploring potential collaborations with libraries,
Pluto Journals contributed to advancing the conversation on how to develop a
sustainable Open Access moaei Tor social science journals.
2023.5 most read articles
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l. Germony s Never-Ending Guilt
Trip by SamirAbed-Rabbo in
Arab Studies Quarterly
2. Impacto socioeconomico de la
migrocion en Cuba. 2022 by
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et al in International Journal of
Cuba Studies
S. How to breathe by Camilla
Power in Journal of Global
Faultlines
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Liifo EDUCATIO
TR
REPORT 2023

DECOLONIALCENTRE
The Decolonial Centre (DCC) is a political education platform committed to promoting
anti-colonial and decolonial perspectives on history, social theory, and current affairs.
In 2023, the Decolonial Centre significantly enhanced its digital presence with the
launch of its official website. Serving as a hub for decolonial knowledge, the website
features an encyclopaedia exploring key concepts through concise, informative short
reads. To amplify diverse voices, the DCC also introduced a podcast called Decolonial
Dialogues that platforms decolonial and anti-colonial scholars, activists, and grassroots
movements. Notable guests included political scientist, historian, and Pluto Press author
Fran[oise Vergès, and researchers from the London Mining Network.
The DCC'S online community grew quickly in 2023, particularly on Instagram. Through
consistent, timely interventions and visually compelling content, the DCC has gained
nearly 6k followers in its first year. Successful collaborations with like-minded
organisations, such as the Migrants Rights Network, Amazon Watch. and Climate
Vanguard, have helped to increase reach and solidify the Centre's place within a broader
ecosystem. The DCC Project Director Mohammed Elnaiem was elected to the Global
Justice Now council and invited to join the Guerrilla Foundation Activist council.
Another achievement of the year was the establishment of a partnership with the
University of Cambridge Sociology Department. This collaboration has enabled the DCC
to organise joint lectures and provide funding for student contributions to the
encyclopaedia.
We're incredibly grateful to the Joseph Rowntree Charitable Trust for the generous
support they have provided the project.
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AMEENAGAFOOR INSTITUTE
The Ameena Gafoor Institute (AGI) for the Study of Indentureship and its Legacie5 IS
dedicated to advancing the understanding OF indentureship and its profound global
impacts. In 2023, the AGI established the inaugural Visiting Fellowship in
Indentureship Studies, organised lectures and published two issues ol its journal.
Organised by Professor David Dabydeen and Dr Roger van Zwanenberg, Selwyn College,
Cambridge hosted Dr Shashi Tharoor for a lecture about his book Ambedkar.. the quest for
equalityin India. B. R. Ambedkar is a household name throughout India as he played a
major role in drafting the constitution for a newly independent India and led the fight
against caste-based discrimination. The lecture has more than a million views on
YouTube.
The AGI has also collaborated with the University of Cambridge to establish what is
believed to be the first ever Visiting Fellowship into the study of Indentureship, the
controversial system that replaced slavery in the British Empire. In 2023, Professor
Gaiutra Bahadur was appointed as the first Visiting Bye-Fellow ir) Indentureship Studies.
Professor Bahadur is the author of Coolie Woman." The Odyssey of Indenture, which was
shortlisted for the Orwell Prize. Visiting Bye-Fellows spend eight weeks at the University,
conducting research. The programme will run for an initial five years.
In 2023, the AGI published two issues of the Journal of Indentureship and its legacies.
Issue I centred on Khal Torabully's concept of'coolitude., The issue's collection of articles
featured studies by contributors from various disciplines who discuss the concept's
influence on their work. This offers both a critique and a developing framework for
theorising the Indian labour diaspora. Issue 2 of the journal featured new works exploring
Indian-caribbean Literature, Chinese Indenture, and the enduring legacies of indenture in
Malaysia. Contributors examined personal experiences of indenture and reflected on the
contributions of two leading scholars of Indian-Fijian history. The issue concluded with
interviews with two artists who discussed how their ancestral stories have shaped their
work.
Ameena Gafoor Institute
Selwyn Colle8el'An

AFRICAN PUBLISHING
The Pluto Educational Trust is committed to supporting publishing in Africa and helping
to address unequal access to information, opportunities and audiences.
As part of this project PET began to collaborate with the African Books Collective to
support their activities by h05ting and managing a grant to build on their already
impressive work. The grant has generously been provided by the Hawthornden
Foundation under their rubric of supporting'organisations that serve underserved
literary communities, including in parts of the world with weak or non-existent literary
infrastructu res.
The project is supporting ABC to increase its representation at international book fairs,
recruit new publishers. engage in further cultural outreach and improve its marketing and
digital communications.
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PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

6. DIRECTORS REPORT AND FINANCE REVIEW
The trustees present their report along with the financial statements of the charity for
the year ended 31,, December 2023. The Pluto Educational Trust (PET) is registered at
Companies House (no 07157868) and is also registered as a charity in England and
Wales. (No 1136616).
PET'S Purpose
The Pluto Educational Trust (PET) exists to advance education in the social sciences, in
particular but not exclusively through research. the exchange of information and the
scholarly publication of books and journals. with the aim of improving public knowledge,
action and understanding in moral. social and economic issues.
PET and its associated organisations are run by a passionate international team with an
experienced Board of Trustees and a worldwide network of authors, scholars and activists.
PET is custodian of a variety of organisations, projects and initiatives that share in its
mission and means. These include two leading radical publishing ventures. Pluto Journals
and Pluto Press. They have been joined more recently by two exciting ventures, the
Ameena Gafoor Institute, which is raising awareness of and providing resources on the
history and legacy of indentureship. and the Decolonial Centre.
We set out a review of these activities on pages 10-14.
Our Structure Governance and Management
PET is a company limited by guarantee, registered in England and a charity registered
in England and Wales. It is governed by Articles of Associatior) last revised in 2021.
The Board of Trustees, who are also Directors. are responsible for the overall strategy and
control of the Charity and meet at least five times a year. Responsibility for the
day-to-day running of the Charity is carried out by the ED and the Executive Team. The
ED has designated authority from the Board to manage the Charity on a day-to-day
basis and to ensure that the strategy put in place is enacted.
The Board of Trustees are selected through both an open recruitment process and
targeted recruitment search. The balance of trustees is continually reviewed to
ensure there is a range of diversity and skills. New trustees go through a tailored
induction proces5.
The board met 5 times in 2023. It also holds occasional meetings for specific ad
hoc business.
The Board ratifies the annual budget and anything-outside" the budget is authorised by
the Chair and Trustees via business case approvals. The ED undertakes the key
leadership role in the organisation and oversees all charity services.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

In addition to the Board there are several board committees namely which deal in
more detail with specific areas. These are=
Executive committee (ED and Chair)
Finance committee
Policy committee
HR committee
Decolonial Centre advisory committee
The Board actively keeps under review its governance to ensure that it reflects
best practice appropriate to the size of the charity.
Finance Review
Continuous improvement and automation of our finance processes, irlcluding the
transition to a new accounting system, have led to greater efficiencies. This has allowed
us to develop the management information needed to run our charity more effectively.
The Finance team has fostered closer working relationships within the charity to better
understand and carefully manage costs and income.
In the year to 31,, December 2023, the charity made a surplus of £439,569 (compared to
a loss of £100,562 in 2022). This surplus included a generous donation ol a building with
a market value of £350.000 by Dr Roger Van Zwanenberg. President and Founder.
Since Dr Roger Van Zwanenberg is a paid advisor to the charity. this immensely generous
donation qualifies as a related party transaction.
The Pluto Educational Trust maintains a prudent reserves policy to ensure the charity's
long-term sustainability and ability to fulfil its charitable objectives. As of 31st December
2023, the Trust held total funds of £1,787,355, an increase from £1,347,786 in the
previous year.
The Trust's reserves are structured as follows:
l. Restricted Reserves.. £940 designated for the Decolonial Centre
project.
2. Reserves not available for operations..
a) £500.001 invested in subsidiaries
b) £690,612 in tangible assets, the charity's property (building)
3. Designated Reserves..
a) £123.500 for Pluto Journals reorganisation
b) £80,000 designated for investment in PET building
c) £217,927 for the AGI initiative (Ameena Gafoor Institute)
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

4. Unrestricted and available reserves=
The trustees have carefully considered the charity's financial requirements and future
plan5. The contingency reserve of £110,074 represents 4 months of operating expenses,
providing a buffer against unforeseen circumstances and er)suring the Trust can continue
its work in the face of potential funding fluctuations or economic challenges.
The trustees regularly review the reserves policy to ensure it remains appropriate for the
Trust's evolving needs and the external environment. This balanced approach to reserves
management allows the Pluto Educational Trust to maintain fir)ar)cial stability while
maximising its impact in advancing education and knowledge dissemination.
Approval by the Board
The Board of trustees discussed and approved these accounts.
PLUTO EDU
AT

7. INDEPENDENT EXAMINER'S REPORTTOTHETRUSTEES
Independent examiner's report to the trustees ofTHE PLUTO EDUCATIONAL TRUST
('the Company,)
I report to the charity trustees on my examination of the accounts of the Company for the
year ended 31 December 2023.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of
company law) you are responsible for the preparation of the accounts in accordance with
the requirements 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 ol my examination of your charity's accounts as carried out under Section 145 01
the Charities Act 2011 ('the 2011 Act,). 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 examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member
of a listed body. I can corllirm that l am qualified to undertake the examination because I
am a member of the Chartered Institute of Management Accountants. 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..
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 accounting 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 accordance with the methods and principles
of the Statement of Recommended Practice for accounting and reporting by charities
(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 to which attention should be drawn in this report in order to enable a proper
understanding of the accounts to be reached.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

> {{sig1_es_:signer1:signature:dimension(width=80mm, height=15mm)}} ~~Aa~~ BNase 



8. STATEMENT OF FINANCIALACTIVITIES FOR THE YEAR ENDED
31 DECEMBER 2023
31.12.23
Totsl
funds
31.12.22
Total
funds
Unrestritted
fund
Restrirted
fund
Notes
INCOME AND ENDOWMENtS FROM
Donations and legacies
584,420
5&497
642.917
637,337
Investment income
13.324
13.324
13.594
Total
597.744
58,497
656,241
650,931
EXPENOITURE (N
Raising funds
83.283
83.283
76,604
Charttable actlvltles
Charitable
117.075
58,997
176,072
215,515
Other
17,092
Total
2CKI.358
5&997
259,355
309,211
Net gainslllossesl on Fnvestments
41683
42.683
I1(￿.562}
NET INCOME
440.(A9
439.wj
241,158
RECONCIUATION OF FUNDS
Total funds brought forward
1.347.786
1.347.786
1.106,628
TOTAL FUNOS CARRIED FORWARD
1.787,855
151)))
1,787,355
1,347,786
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023

9. BALANCE SHEET31 DECEMBER 2023
31.12.23
Total
funds
Unrestricted
fund
Restrirted
fund
Total
funds
Notes
Tangible assets
Investments
io
li
6￿,612
1.121,419
690,612
1.121,419
)53,287
1,(190,181
1812.031
1,812,031
I,L43,468
CURRENT ASSErs
Debtors
Cash at bank
12
10.113
195.54Q
10.113
195.980
97,367
153,
205.653
.093
CREWORS
Amounts falling due within one ￿3T
13
12290291
19401
1230,7691
1347,0131
CURRE￿ ASSErs
124.1761
{24.6761
TOTALASSETS LESS CURRENT UABILITIES
1.787355
(SC￿}
1.787.355
1,347,786
1.787,855
I5￿J}
1.787.355
1,347,786
FUNDS
14
Reserves not available for
Restricted Reserves- DCC
Investments in Substdiaries
Tangible Assets
atlons
690,612
353,287
ted for
Pluto journals reofganisation
Building Restrudure
Designated re5eTrEs- AGI
lfic artlvlties
123,5
25.LMXI
217,927
309,702
Allocated by the board as a prLKlential tontin8etKy
Available lor Operab"ons
110.074
64,301
75,905
83A91
TOTAL FUNDS
1.787.355
1.317.786
The charitsble company is entitled to exemption from audrt under Section 477 of the Companies for the year ended
31 December 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023
in accordance with Section 476 of the Companies Art 2(￿.
The twstees acknowledge their responsibilities for
ensuring that the Charital￿e company keeps accountiTh4 records that comply Sections 386 and 387 of the Companies
Act 2C￿ and
preparing financial statements which 8iw a true and fair wew of the stste of affairs of the charitable company as at the
end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of
Sections 394 and 395 and which otherwise cornp￿ with the requirerr*nts of the Companie5 Act 2(K6 relating to financial
statements. $0 far as applicable to the charitsble company.
Ib}
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
20

These financial strte￿nts have been prepared in accordan￿ wth the provisions aWKaWe to charitsb* conwanies Subject to the
srno11 companies wme.
The financial statements were apprthtd ty the P•Jard of Trustees and authorised for issue on............................................. and were
signed on its behalf by.
P M Tiif¥ii- Trustee
10. STATEMENTOF CASH FLOWS FOR THEYEAR 31 DECEMBER
2023
31.12.23
31.12.22
Cash generated from operations
367,247
175.537
Net cash provided by operatirw a¢¢ivities
367.247
175.537
Cash flows from Invest1￿ artmu
Purchase of tangible fixed assets
Pufcha5e of tixed asset investments
Sale of fixed asset investments
Dividends received
1350.(WI
131.2381
42,683
13,324
1360,(MJ)I
245.059
IIIX).5621
13,594
Nyl (4511 ￿5￿ iii inv¥5111¥ dLlivitiv
1325.2311
1201.9091
Charye In cash and cash equlvalents In the
reportln8 perFod
Cash and cash equl¥alents * the be8lnnlr¥ ol
the reportlng ptrlod
42,016
126,3721
153.964
180.336
Cash and cash equl¥alents at the end of the
reportln8 perlod
195,9
153.964
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
21

AECON(IIATION OF NET INCO￿ TO NET CASH FLOW FKthq (x)ER4TTh￿ AaMTIES
31.1223
31.12.22
14et lrtfAhe for thè (as pÈr St*témÈnt d Fln*Kl•l Adkdll
*thljvstmenls for:
Dewe(lati<￿ charges
439,569
241,15B
12.675
142.6831
113.324)
87.254
1116.244)
8.373
tividend5 fec•¥*d
[kne￿*/ IirKreasel in
Decrease In creditor5
13.594}
129.5281
131.434)
Net cath wo¥kled by operalkx
367,247
J75,537
ANALYSIS (* CHANGES FUNOS
At 1.1.23
Cash
At 31.12a3
Cash at bar
153.964
42.016
195.980
153.964
42,016
195,980
Tot•1
153.964
42.016
195,980
11. NOTES TO THE FINANCIAL STATEMENTS
1)ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity
under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102)
'Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2019),, Financial Reporting Starldard 102'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial
statements have been prepared under the historical cost convention. with the exception
of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the
charity has entitlement to the funds, it is probable that the income will be
received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or
constructive obligation committing the charity to that expenditure. it is
probable that a transfer of economic benefits will be required in settlement
and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
22

that aggregate all cost related to the category. Where costs cannot be directly
attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each
asset over its estimated useful life.
Freehold property- 2 /0 on cost
Fixtures and fittings - 33°/o on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at
the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the
objects of the charity. Restrictions arise when specified by the donor or when
funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the
notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme.
Contributions payable to the charitable company's pension scheme are
charged to the Statement of Financial Activities in the period to which they
relate.
2) DONATIONS AND LEGACIES
31,12.23
31.12.22
Services
Donations and Glft aid
Grants
Rental Income
8.863
529.789
58,497
45.768
5,773
630,766
798
642.917
637.337
Grants received. induded in the above. are as follows:
31.12.23
31.12.22
Decolonial Centre
58,497
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
23

3) INVESTMENTINCOME
31.12.23
31.12.22
Other fixed asset invest- Fll
13,324
13,594
4)ANALYSIS OF EXPENDITURE
Current Ye•r
Artivitie5
Charitsble Alministration
costs
costs
Fund raising
costs
Totals
Em
ee costs
staff costs
Other costs
Other charitable
Raising Funds
Investment Management
Administration C05ts
Governance Costs
36.471
78,315
24.552
139,338
(￿.949
fA),949
11,347
18,054
28,094
1,572
11.347
18.054
28,094
1.572
65,872
139.264
54.218
259,354
Administration Costs
Governance Costs
35,741
1.067
152.6461
{1,5721
83.282
176,072
259,354
Prlor Year
Artivitie5
CharÉtsble Administratlon
costs
Costs
Fund raising
costs
Totals
ee c05ts
Staff costs
Other costs
Other charitable
Property Refurbishment
Other Human Resources
Other administrative
11.879
I￿,601
118.480
108.914
108,914
410,631
4,963
36.224
40.631
4.963
19.132
17.092
76,604
215.515
17,C92
309,212
5) NETINCOME/ (EXPENDITURE)
Net irKome/lexpenditurel 15 stated after Chargi￿((reditIng}.
31.12.23
31.12.22
Depreciation- owned a55etS
Computer software amortisation
12,675
7,773
6)TRUSTEES' REMUNERATIONAND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December
2023 nor for the year ended 31 December 2022.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
24

Trustees, expenses
There were no trustees, expenses paid for ihe year ended 31 December 2023 nor for the
year ended 31 December 2022.
7) STAFF COSTS
31.12.23
31.12.22
Wages and salaries
Social security costs
Other pension costs
126.245
8.067
5,027
104,306
10,072
4,102
139.339
118,480
The average monthly number of ern￿oYeeS durln8 the year was as follt)WS:
31.12.23
31.12.22
Employees
The number of employees whose employee benefits lexduding employer pension costs) exceeded £60.LXK) was:
31.12.23
31.12.22
£Eo,fy)1- £70,C(KI
£70,￿1. £80,(KMJ
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
25

8) COMPARATIVES FOR THE STATEMENTOF FINANCIALACTIVITIES
Unrestricted
fund
Restricted
fur
Totsl
funds
INCOME AND ENDOWMEKtS FROM
Donation5 and legacies
637.337
637,337
Investment incorne
13.594
13.594
Totsl
650.931
650,931
EXPENDrruRE (hy
Raisin8 funds
76.604
76,EO4
Charitable
215,515
215,515
Other
17.092
17.LV32
Total
309.211
309,211
Net gainslllossesl on investments
IIIXl,5621
I1￿,562)
14ET INCOME
241.158
241.158
RECONCIUATION OF FUNDS
Total fund5 brO￿t forward
I,1{￿.628
1.106,628
TOTAL FUNDS CARRIED FORWJJID
1.347,786
1.347,786
9) INTANGIBLE FIXEDASSETS
Computer
software
COST
At l January 2023 and 31 Decernber 2023
2,7iXI
AMORTISATION
At l January 2023 and 31 December 2023
2.7C#J
BOOK VALUE
At 31 December 2023
At 31 De￿mber 2022
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
26

10) TANGIBLE FIXED ASSETS
Fixtures
and
rittirgs
Freehold
property
Totals
At l January 2023
Addttions
2￿33
362,033
350,C
350,(XXI
At 31 December 2023
710,(ll)
2.033
712,033
DEPRECIAnoN
At l January 2023
Charge for year
7.2TrJ
12A50
8.746
12.675
225
At 31 December 2023
19.6
1.771
21,421
NET BOOK VAtUE
At 31 December 2023
262
690,612
At 31 December 2022
352,8LI)
353,287
11) FIXED ASSET INVESTMENTS
Shares in
group
undertakings
sted
investments
Totals
MARKETVALUE
At l January 2023
Additions
5(X),(x)i
590,180
31.238
1,090,181
31,238
At 31 December 2023
621.418
1.121.419
BOOK VALUE
At 31 December 2023
S￿.(1)1
621.418
1.121,419
At 31 De￿rnber 2022
590,1
I,C>90,181
12) DEBTORS:AMOUNTS FALLING DUEWITHIN ONE YEAR
31.12.23
31,12.22
Other debtors
Prepayments and accrued incorne
1,626
8.487
94.740
2,627
10.113
97,367
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
27

13) CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR
31.12.23
31.12.22
Social security and other tsxes
Other creditors
Pensions Payable
Deferred income
Accrued expenses
4.8￿1
7,536
993
215.898
1.452
2,246
27,866
314,982
1,232
230,769
347,013
14) MOVEMENT IN FUNDS
Net
movement
in funds
At
31.12.23
At 1.1.23
Unresirlcted fur
General f¥Jnd
1.347.786
439.569
1.787.355
TOTAL FUNDS
1.347,786
439,569
1.787,355
Net movement in fund5, induded in the above are as follow5:
lrtoming
resources
Resources
expended
Gain5 and
losses
Movement
in funds
Unrestrlrted funds
General fund
656,241
1259,355)
42.683
439.569
TOTAL FUNDS
656.241
1259.355)
42,683
439,569
Comparatlves for movement In funds
Net
movement
in fvnds
At
31.12.22
At 1.1.22
UiiwvJtTILted furm
General fund
1.106,628
241,158
1.347.786
TOTAL FUNDS
1.106.628
241.IS8
1.347.796
Comparative net movement in funds. induded in the al￿ are as follows:
If￿0m1n8
resources
Resources
expended
Galns and
losses
Movement
in fund5
Unrestrlrted fvnds
General fund
650.931
(309.211)
{l(KJ.5621
241.158
TOTAL FUNDS
650.931
309.211)
{IIXl.562}
241,158
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
28

Net
movement
in funds
At
31.12.23
At 1.1.22
Unrestrlrted funds
General fund
I,1(￿,628
680,727
1,787,355
TOT•V FUNDS
1.106.628
680.727
1.787,355
A current year 12 month$ Or￿ prior year 12 rnonths combined net mo¥enxnt Én funds. included in the above are as
follow5:
Incoming
resources
Resource5
expended
Gains and
losses
Movement
in funds
Unrestrlcted funds
General fund
1,307,172
1568,5661
{57079)
680,727
TOTAL FUNDS
1.307.172
(568.5661
(S7￿79)
680.727
15) RESERVES
The Pluto Educational Trust maintains a prudent reserves policy to ensure the
charity s long-term sustainability and ability to fulfil its charitable objectives.
As of 31 December 2023, the Trust held total funds of £1,787,355, and
increase from £l,547.786 in the previous year.
The Trust's reserves are structured as follows:
Restricted Reserves." £940 designated for the Decolonial Centre project.
Reserves not available for operations:
£500,001 invested in subsidiaries
£690,612 in tangible assets, the charity's property
Designated Reserves
£123,500 for Pluto Journals reorganisation
£80,000 for the building restructure
£217.927 for AGI initiative (Ameena Gafoor Institute)
Unrestricted and available Reserves=
£110.074 held as a contingency reserve
£64,301 available to develop the Charity's strategy
The trustees have carefully considered the charity's financial requirements and
future plans. The contingency reserve of £110.074 represents 4 months of
operating expenses, providing a buffer against unforeseen circumstances and
ensuring the Charity can continue its vital work in the face of polential funding
Iluctuations or economic challenges.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
29

The trustees regularly review the reserves policy to ensure it remains
appropriate for the Charity s evolving needs arld the external environment.
This balanced approach to reserves management allows The Pluto
Educational Trust to maintain financial stability while maximising its impact in
advancing education and knowledge dissemination.
16) RELATED PARTY DISCLOSURES
During the financial year ended 31 December 2023, the charity engaged
in related party transactions with Dr R M Van Zwanenberg, trLJStee to the
charity. The related party transaction consisted of the gift of a building
with the fair market value of £550.000. This contribution was made to
support the charitable objectives of the charity and is considered a
significant non-cash transaction. The building has been recognised as an
asset on the Charity's statement of financial position at its fair value at the
date of the gift. The charity has claimed Gift Aid from HMRC (His
Majesty's Revenue and Customs) on eligible donations received during
the year, in accordance with the relevant tax regulations.
17) INCUBATED PROJEcrs
As part of the unrestricted funds, the trustees note that there will be an
amount of £217,927 (31/12/2022- £309,702) to be designated to the sole
purpose of the Gafoor Institute Project.
As part of the restricted funds, the trustees note that there will be an
amount of £940 (31/12/2022- £Nil) to be designated to the sole purpose
of the Decolonial Centre Project.
18) OTHER INVESTMENTS
Pluto Journals Limited - 100 % Wholly Owned Subsidiary- £1 ordinary share held.
This company is solvent and gift aids its profits to the holding company.
Pluto Books Limited - 60 % Owned Subsidiary- 1500 IOp'A' Ordinary Shares. This
company is solvent.
Pluto Press Inc.
100 % Owned Subsidiary of Pluto Books Limited.
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
30

19) GROUP BALANCE SHEET
CONSOUDATED UiANCE SHE￿ AT 31° I￿(EMBER 2023
At 31.12.2023
31.12.2022
FIXED ASSETS
Tangible assets
Intangible assets
Investments
695,869
23,451
776,461
1.495,781
364,502
736,512
1.101.014
CURRENT ASSETS
Stock
Debtors
Cash at bank
257,386
521,4CQ
440,811
1.219.597
196,047
705,781
698,827
1.6tK),655
CURRENT UABIUTIES
Creditors
Net currenl assets
830.089
389.508
937,354
663.301
NON CURRENT UABIUTIES
37,680
56,604
Total a55ets le55 Ilabllltle5
1,847.609
1.707.711
The funds of the group
40% Minority interest in Pluto Books Limited
1.801.983
45,626
1.563.728
143,983
PLUTO EDUCATIONAL TRUST ANNUAL REPORT 2023
31

13.AKNOWLEDGEMENTS
We are immensely grateful to the trusts, foundations and individuals who have
supported us this year- our work would not be possible without your generosity.
Dr Roger van Zwanenberg
The Galoor lamily
The Joseph Rowntree Charitable Trust
The Barry Amiel and Norman Melburn Trust
The Carmack Collective
The Hawthornden Foundation
PLUTO EDUCAT
32