REGISTERED CHARITY NUMBER: 1155531
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2025
FOR
PLATANOS FOUNDATION
Berringers LLP Chartered Accountants Lygon House 50 London Road Bromley Kent BR1 3RA
PLATANOS FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS for the year ended 28 February 2025
| Page | |||
|---|---|---|---|
| Report of the trustees | 1 | ||
| Statement of financial activities | 2 | ||
| Balance sheet | 3 | ||
| Notes to the financial statements | 4 | to | 6 |
PLATANOS FOUNDATION
REPORT OF THE TRUSTEES for the year ended 28 February 2025
The trustees present their report with the financial statements of the charity for the year ended 28 February 2025. The trustees have adopted the provisions of 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 1 January 2019).
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
The charity is still active and continued to apply for grants throughout the year and further applications for grants on upcoming projects were submitted post year end.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1155531
Principal address
C/o Platanos College Road Clapham Stockwell London SW9 0AL
Trustees
A T Alabi H Whyte Mrs A Domingo
Approved by order of the board of trustees on 24 February 2026 and signed on its behalf by:
H Whyte - Trustee
Page 1
PLATANOS FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES for the year ended 28 February 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Other trading activities | 2 | 4,931 | - |
| EXPENDITURE ON | |||
| Raising funds | 500 | 500 | |
| Other | 633 | - | |
| Total | 1,133 | 500 | |
| NET INCOME/(EXPENDITURE) | 3,798 | (500) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 2,698 | 3,198 | |
| TOTAL FUNDS CARRIED FORWARD | 6,496 | 2,698 |
The notes form part of these financial statements
Page 2
PLATANOS FOUNDATION
BALANCE SHEET 28 February 2025
| 2025 Unrestricted fund Notes £ CURRENT ASSETS Cash at bank 21,205 CREDITORS Amounts falling due within one year 5 (14,709) NET CURRENT ASSETS 6,496 TOTAL ASSETS LESS CURRENT LIABILITIES 6,496 NET ASSETS 6,496 FUNDS 6 Unrestricted funds 6,496 TOTAL FUNDS 6,496 |
2024 Total funds £ 17,407 (14,709) 2,698 2,698 2,698 2,698 2,698 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 February 2026 and were signed on its behalf by:
H Whyte - Trustee
The notes form part of these financial statements
Page 3
PLATANOS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS for the year ended 28 February 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, 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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
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 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.
Taxation
The charity is exempt from 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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Shop income | 4,931 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 28 February 2025 nor for the year ended 29 February 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 28 February 2025 nor for the year ended 29 February 2024.
continued...
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PLATANOS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28 February 2025
| 4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| £ | ||||
| EXPENDITURE ON | ||||
| Raising funds | 500 | |||
| NET INCOME/(EXPENDITURE) | (500) | |||
| RECONCILIATION OF FUNDS | ||||
| Total funds brought forward | 3,198 | |||
| TOTAL FUNDS CARRIED FORWARD | 2,698 | |||
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Other creditors | 14,709 | 14,709 | ||
| 6. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.3.24 | in funds | 28.2.25 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 2,698 | 3,798 | 6,496 | |
| TOTAL FUNDS | 2,698 | 3,798 | 6,496 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 4,931 | (1,133) | 3,798 | |
| TOTAL FUNDS | 4,931 | (1,133) | 3,798 |
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continued...
PLATANOS FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued for the year ended 28 February 2025
6. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | |||
|---|---|---|---|
| movement | At | ||
| At | 1.3.23 | in funds | 29.2.24 |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 3,198 | (500) | 2,698 |
| TOTAL FUNDS | 3,198 | (500) | 2,698 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | - | (500) | (500) |
| TOTAL FUNDS | - | (500) | (500) |
7. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 28 February 2025.
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