Charity registrdliotl number-. 1175106 The Plaister Charitable Foundation Ahnual Report and Finan¢ial Statements for the Y¢ar Ended 3 1 March 2024
The Plaister Charitable Foundation Contents (continued) Reference attd Administrative Details Trustees, Report 2to5 Statement of Trustees, Responsibilities Independent Examine$ Report Statement of Financial ActLVities Ba12nce Sheet Note5 to the Financial Statement5 IOto22
The Plaister Charitable Foundation Reference and Administrative Details Trnstees E M Bower AJJKing A L Mills Prineipal Offi¢¢ Little FisherbTiggs Rosehearty Fraserburgh Aberdeen5hir¢ AB43 6HH Charity Registration IYumb¢r 1175106 Solicitors Gardner i£ader White Hart House 20-24 Market Place N¢wbury Berkshire RG14 5BA Bankers The Cooperative Bank 16-17 Ebgh Street Cardiff CFIO IAX Ac¢ountaDts UHY Ross Brooke 16 Dorcatl Business Village Murdock Road Dorcan Swindon Wiltshire SN3 SHY Page I
The Plaister Charitable Foundation Trustees, Report The trustees present the annual report together wilh the financial statements of The charity for the year ended 31 March 2024. Objectives and activities Objects and oitrty The objects of the CIO are.. 11 To telieve suffering of Crabbet Arab Horses in need of eare and attention by providing or a5SLSting in the reception, treatment, care and r¢-hoJning of such hors¢5. 21 To educate the public in the ¢ar¢, treatment and breeding of thoroughbTed Crabbet Arab Horse5. 3) To ¢ncourag¢, promote and improve the judicious breeding of Crabbet Arab Horses to ensure the preservation of the brccd for the public benefit. In setting our objectives and planning our activities the trustee5 have given Careful ¢onsidention to tjje Cliartty Commission'5 public benefit guidance. Public benefit To relieve Suffering of Crabbet Arab Hors¢s in need of care and attention by Providing or assisting in the receptiorn treatment, care and re-homing of such horses. To educate the public in the care, treatmcnt and breeding of thoroughbred Crabbet Arab HoTses. To en¢ourag¢, promot¢ and improv¢ the judicious breeding of CTabbet Arab Horses to ensure the preservation of th¢ bre¢d. The tru5tee5 confimj that they have complied with the requirements of section 17 of the Charities Act 2011 to have du¢ regard to the public beneflt guidance published by the Charity Cominis5ion for England and Wales. Page 2
The Plaister Charitable Foundation Trustees, Report (continued) Achievernents and performam¢e l. In line with the constitiition of The Plaister Charitable FouDdation, welfare Gases have r¢moin¢d consistent. Care follows welfare guidelines as set out by Th¢ National Equine Welfare Council and by th¢ DEFiL4 Code of Practi¢e. Conta¢t with other welfare agencies has been tnaintained and our improved proflle amongst the Arabian horse fraternity ha5 raised ihe awareness of our welfare capability. 2. Retention of this increasingly rare breed has been assisted by collaboration with other con5ervationi5t breeder5. Thu5, enabling the acqui51tion of a quality colt of impeccable breeding, the arrival of a cherished, hom¢ bred filly foal and the loan of an Australian maTe who. now in foal for summer 2024. will reintroduce lost Crabbet lines. Furthemiore. our quality stallion5 are available io other breeders - three additional stallions have now contributed io our batlk of frozen s¢men. The acqui51tion of AI equipment will prove vital in future breeding strategie5. 3. As always we arc aware of the need to educate and ihis year we have followed the usual fomiat of providing articles and adverts for the AHS and the Authentic Arabian magazines,. a continued pre5¢nce on so¢ial rnedi4 exhibiring horses, displaying information and providing 5ponsotship at the Arab Hor5¢ Society National Show. Our profile. along with the illustration of the desirabl¢ traits of tlie Crabbet Arabian. were 8LVCn a tremendous boost when our ho]nebr¢d stallion and his siblings swept all before thetn at the Arab Horse Society National Show.They had numerou5 cla55 Will5. and h¢ went on to become Supreme Crabbet National Champion. A forn)er student of a local colle8e has been provided with work experience artd has sin¢¢ gone on to a appr¢Dtic¢ship. 4. Equine facilities have been advanced by the completion of an olltdoor arena which ¢nabl¢s safe training, atsd turnout when fields are wateTlogged. Tracks betw¢en paddock5 have b¢en installed to prevent poaching of ihe land and ensure the safe movement of horses and their handlers. 5. ITh line with our Health and Safety Policy the 1] extent of the electrical wiring of the equine facilities ha5 b¢en replaced and upgraded. New hor5e-stoGks ensure the safe handlin8 of horses during Y¢t¢rinary treatment. 6. The efforts of our property managers have improved the 5tandaTd of our rent21 propertl¢5 by undertaking roof repails. ele¢tri¢al inspections, Legionella as5es5ments. gas and safety check5. installation of smoke and heat detectors as well as safety lighting at various properties. 7. We must thank the prOf510a]S who facilitate the Compliant running of the Charity including our m¢ticulou5 bookkeeper and accountants, our capable property managers and the Fund Manag¢tnent company that ensures the safeguarding and sensible invcstment of our monetary ass¢ts. Fln4neial revlew Policy t>h reserves The tharity's policy on reserves is to eosure It maintsins an adequate lev¢] in order to meet its obj¢ctives. Pagc 3
The Plaister Charitable Foundation Trustees, Report (Continued) Plan$ for future periods Aim5 and key objecfivesforfulureperlod¥ Plans for 202412025 l. Perpetuate Telationships with local welfare organisations including th¢ Blu¢ Cross and RSPCA. Increased recognition amongst Arabian enthusiasts will allow us to reach those wtthin the community who need our assistance. 2. Prioritise the breeding of horses the loss of whos¢ genes is imminent. 3. Further erthan¢ement of equine A¢eommodation through th¢ electricity supplier the incoming supply unit will be replacd and repositiolled., water supplies to the fields and batns will be improved and tn5ulated where POS5ible' repair5 and modifications made to horse barn5 and stOTage areas. New equipment will be purchased to enable ru8 cleaning at the stud. surfac at field gateway5 and around waier troughs ivill be treated to reduce poaching and improve safety for all. Land presently maTred by waste building materials will b¢ lands¢aped ready for funh¢r buildings and parking. 4. Educate by continuing to offer work experience to lo¢al sttjdents and volunteers. Increase awaren¢s5 of the advantag¢s of T¢taining th¢ enviable traits of th¢ Crabbet Arabian by ustn8 our established promotional tnethod5. by demotlstrating the quality of our young stock at ihe Arab Horse Society National Show. by training youngsters for future competitive eareers and advertising the availability of our stsllions al a ren0 AI centre. in Thational as well as international publication5. 5. Update the Stud's Health and Safety Assessment, ensure all staff follow a thorough indurtion or r¢vision process and all are trained in the use of the quad by an outside approved agency. 6. With the assistance of our property managers and in observance of regulatiotLS Continue the UPgTade of rental properties and ihereby preserve iTrcotne flow. 7. Investigate and initiate opportunities to Secure the futur¢ of the Charity by alliance with other enthusiasts. Plans for the tUre l. RevÉsjt poli¢ies regarding w¢lfare and conservation breedin8. 2. Futher explore and ¢ommettce thndraising in particular for the development of equine amenities and the upgrade of exisiing buildirtgs io provide a base for Th¢ Heritsge Centre. 3. Investigate the possibilities of offering work experien¢e for int¢n)ational students and opportunities for filrther collaboration with local education providers. 4. Continue th¢ improvem¢nt of the site. 5. Increase the gene pool by raising our national and int¢mational profjle in order to MlMise co-operation between widespread liketnillded bre¢der5. Research and develop ways of assisting small breeders to contribute to the retention of the breed. Page 4
The Plaister Charitable Foundation Trustees, Report {continued) Structure• guvernance and rnanagemtnt Nqlure ofgovernin8 documenl On Ilth October 2017 The Plaister Charitabl¢ Foundation was registered as a Charitable Incorporated Or8anisation (CIO) who's only voting members are its charity trustee5. The charity is governed by its Constitutton, dated I lth October 2017. Reeruiinwnt ondqppoimlmeni oflru5tees Nominations for Tru5te¢ positions shall be PTopts$¢d and seconded by member5. Nominations may be made at aDy titne prior to tlie commencement of the AGM or during the AGM provided the nominee is present. Organisuii04yqlslruclure The management team con515ts of 3 trustees and the fami manag¢r. The trustees and manager have regular conference meetings where all attend when possible. Decisions need to be made by a quorum a5 indicated in the Constitution. Considerable discussion also takes place by frequent emails and telephone conversations. No action5 arc taken unless 2 trustees agre¢. The annual report was approved by ih¢ trustees of the charity on ..... d signed on its behalf by.. E M Bower Twstee Page S
The Plaister Charitable Foundation Statement of Trustees, Responsibilities The trustees are responsible for preparing the tru5t¢es' report atld the financial stat¢m¢nts in accordance with the United Kingdom Accounting Standards Iutjited Kingdom G¢n¢rally Accepted A¢¢oiintiThg Practice} and appli¢abl¢ law and r¢gulations. The law applicable to charities requires the trustees to prepare finan¢ial statements for each finallcial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applicatiotl of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently. observe the method5 and principles in the Charities SORP., make judgements and estimates that are Teasonable and prudent. state wliether applicable accouiiting 5tand?rd5 have been follow¢d, subject to any material d¢parh]res disclosed and explained the fjnancial statements. and prepare ihe financial staiements on th¢ going ¢on¢em basis unless it is inappropriate to presum¢ thai the charity will ntinue in bu511L¢S5. The tSleeS are responsible for keeping proper accounting records that disclose with asonable accuracy at any time the financial positiot) of the Charity and enable them to ensure that the financial siatem¢nts comply with the Chorities Act 2011. the Chariiies {Accounts and Reports) Regulatitsn$ 2008, and the piovi$ions of the ¢onsiilUllOA. Th¢ trustees are also responsible for 8afe8uardin8 the asset5 of the charity atld hence for tokirtg reasonable steps for the prevention arhd detettiott of fraud and other irregularitie5. The trustees are responsible for the maintenance And integriry of the corpordte and fJn&ncial inforniation included on the charitable company5 website. Legislation governing th¢ preparation and di5semitLation of fmancial statements may differ from legislation in other jurisdictions. Approved by the trustees of the charity on e %. èi Ifand 5igtLed on its behalf by.. E M Bower TNstee Page 6
The Plaister Charitable Foundation Independent Examiner's Report to the trustees of The Plaister Charitable Foundation I report to the trustees on my examination of the aOUnt$ of The Plaister Ch3ritabl¢ Foundation for the year eled 31 March 2024. ResponsAbllltSes and basls of report As the charity truslee5 of The Plaistet Charitabl¢ Foundation you are responsible for the preparation of tbe a¢¢ounts in accordance with the requirements of the Charities Act 2011 {'the Act.). r¢port in respect of my examination of the The Plaister Charitable Foundation's ac¢ounts eattled out under s¢ction 145 of the 2011 Act alld in carrying out my examination I have followed all th¢ applicable Dttections given by the Charity Conunrssion undeT section 145(5)(b) of th¢ Aet. Independent examiner's $tatememt I have completed my examination. I confirni that no material nwtteTS hav¢ colne to my atiention in ¢¢mnection with the examination giving m¢ ¢aus¢ to believe that in any mateTial r¢spect.' a¢counting records were not kept in respect of The Plai5ter Charitable Foundation as required by section 130 of the Act; or 2. the accounts do twt ac¢ord with thos¢ record5- or 3. the accounts do not Comply with the accountitjg requirements coneerning the forni 8t content of accounts set out in the Charities (Accourlts and Reports) Regulations 2(K)8 other than any r¢quirement that the accounts give a 'tru¢ and fair view, which is not 8 ntter considered as part of an independent ¢xarnination. I have no concerns and have come across no other matters in connection with thc examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be T¢a¢hed. UHY Ross Brooke 16 Dorean Business Village Murdock Road Dorean Swindon Wiltshire SN3 SHY Dat¢.. Page 7
The Plaister Charitable Foundatlon Statement of Finaneial Activities for the Year Ended 31 March 2024 Total 2024 Unrestrieted Note Ineome 4nd Endowments from: Donations and legacies Inv¢stm¢nt in¢ome Other income 600 158,185 6.649 600 158,185 6,649 Total in¢om¢ 165,434 165,434 ExpeDdithre on: Charitable a¢tivities Other expenditure (S7.307) (219,224) (57,3071 {219.224} Total expenditure Gainsnosses on investhheni assets (276,531) 60,087 (276,5311 60.087 Net movement in fimds (51,010) (51,010) Reconciliation of funds Total ndS brought forward 4,714,456 4.714.456 Total funds carried fotward 18 4,663,446 Unrestricted funds 4.663,446 Totgl 2023 Note Ineome and EDdowm¢nts fTOIII: Donations and lega¢ies Invesknent income Other income 1,030 155,7YI 3,742 1,030 155,797 3.742 Totsl income 160.569 160.569 Expenditure on: Charitable activities Other expendire (32.201) (139,824) {32,201) 139,824) Total expenditure Gain&q058es on investment assets (172,025) (12,707) {172.025} {12,707) Net exp¢nditur¢ (24,163) (24,163) Net rnovernent in funds {24.163) 124,163) Reconclllation of funds Total funds brought forwaTd 4.738,619 4.738,619 Totsl funds ¢atTied forward 18 4.714,456 4,714,456 All of the charity's activities derive from continuing operations during th¢ Abov¢ ttvo periods. The ndS breakdown for 2023 is shown in note 18. The not¢s on pages 10 to 22 frprm an Inte81 part of these financial 5tot¢m¢niS. Page 8
The Plaister Charitable Foundation (Registration number: 1175106) Balance Sheet as at 31 MaT¢h 2024 2024 2023 Note Fixed assets Tangible assets tnvestments 1,505,968 3,091,70) 1,501,386 3,031.616 12 4,597,671 4,533.002 Current assets Stocks Debtors Cash at bank and in hat)d 13 14 15 84.770 7,895 41,602 134,267 72,620 17,818 120.384 210,822 Creditors: Amounts falling due within oThe year 16 (68,492) (29.3681 Net ¢llrr¢nt gssets 65.775 181.454 Net a55et5 4,663.446 4,714.456 Fut)ds of the ch4rity: Unrestricted income fund5 Unrestricted fund5 4,663,446 4.714.456 Total funds 18 4.66i.446 4.714,456 cial statements on pages 8 to 22 wue approved by the fru5t¢e5, and authorised for issue on A%nd si8ned on their behalf by.. B M Bower Trustee The notes on page5 10 to 22 fonn an integral part of these financial statements. Page 9
The Plaister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 l Accounting policies StAt¢mtnt of compliAnte The financial Statements have been prepared irk accordance with Accounting and Reporting by Chariti¢s.' Statement of Recommended Practice applicable Éo ¢hariii¢s preparing their accounts in accordance with the Financial Reporting Standard applicable irt the UK and Republic of Ireland (FRS 1021 leffeciive l January 2015) - {Charities SORP (FRS 10211, the Financial Reportit)g Standard applicable in the UK and Republi¢ of Ireland (FRS 102) and the Charities Act 2011. The ¢omparatives were audtted in 2020. Ba515 of prep#ratLOII The Plaister Charitable Foundation meets the deflnition of a publi¢ benefit entity wider FRS 102. The account5 (fJnanei31 statemenlsl have been prepared under the historical c05t convention with item5 recognId at cost or transaction value unless otherwise stated in th¢ rclcvant note(51 to these accounts. Going coDcer Tlje trustee5 consider that there are no material uncertainties about the charity's ability to continu¢ as a going con¢em. IDeome and endowments Voluntary income including donations. gifts, legacies and grants that provide core funding or are of a general nature i5 recognised when the charity has ¢tLlitl¢ment to the ittcome, it is probable that tli¢ in¢ome will b¢ received and the amount can b¢ measured with sufficient reliabiliry. DoNqtioKs 4ndlegrzcie5 Donation5 and legaciE5 are recogni5¢d on a re¢eivable basis when receipt 15 probabl¢ and the amollnt ¢an be reliably measured. Inveslmenl income Dividend5 are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expeThdire is recognised once there is a legal or con5trnctive obligation to that expenditure. it is probable settlement l5 required and the amouni con be measured reliably. ASI costs ate allo¢ated to the applicable expenditure heading that aggregate sirnilar costs IO that category. Where costs cantLOt be directly attributed lo particular headillgs they have been allocated on a basis ¢onsistent with the use of resources. with c¢ntral staff costs allocated on the ba5i5 of tune Spent. and deprecialiots charges allocatcd on the portion of ihe asset's use. Other sUPPOrt Costs are allocated based on the sprd of staff ¢osts. Ch4ril4ble o¢l¢vi¢ies Charitable expenditure comprises those costs incurred by the ¢haTity in the delivery of its activities and seThi¢es for its beneficiaries. It includes both costs that can be allocated dirtttly to such actLVities alhd those ¢osis of an indirect nature necessary io support ih¢m. Page 10
The Plaister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) GoverNan<e co$t$ These include the costs attributable to the charity's Compliance with constitutional and ststurory requirem¢nts, including audit, strategic management and trustees meetings and reimbursed expenses. Taxatio The chatity is considered to pass the te51s Set out in Paragraph I Schedule 6 of the Finan¢e Act 2010 and theTefore it meets th¢ definition of a charitable company for UK corporation tax purposes. Accordingly. the charity 15 Potentially exempl from taxation in respect of incotnc OT ¢apital gains received within categories covered by Chapter 3 Part I l of the Corporaiion Tax Act 2010 Or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such itlcome or gains are applied exclusively to Gharitable purp)ses. Taogible fixed auets Individual fixed assets costing £250 or more are initially recorded at cost. less any subsequent accumulated depreciation and 5ubscqucnt accumulated impairnient losse5. Deprt¢i2tion 2nd 21110rtiS2tion Depreciation 15 provided on tangible fixed assets so as to write off the wst or valuation, less any estimated residual value, over their eXpted useful economi¢ life as follows.. No depreciation is charged on Cla55ic cars or Land and buildings due to the high residual vu¢ of these a55ets. Asset clAss Plant and Machinery Classic cars Fixtures and fittings Land and buildings Depreciation method aDd rate 25 /0 Straight line 15Yo Straight line Investjnent properties Investment properties are carrted at fair valLte. derived from the current market prices for compaTable r¢al estate deteTmsned annually by exlemal valuers. The valuer5 Use observable matl(et prices, adjusted if necessary for any difference in the nature. location or condition of the specific assei. Chatjges in fair value are recognised in profLI or loss. Fixed gS5et iVestMentS Fixed asset investments. othcT than programme related inve5tmetLts. are included at market value at the balance sheet date. Realised gains and losses on investyD¢nts are calculated as the difference between sales proceeds and Iheir market value at the start of the year. or their subsequent cost, and are charged or credited to the Statement of Financial Activitie5 in the period of disposal. Unrealised gains and losses r¢present the movement in rnarket values dllrillg the year and are ¢r¢dited or charged to the Statement of Financial A¢tiviii¢s based on the market value at the year ¢nd. Cg$h and tgsh equivalents Cash and cash equivaletlts Comprise ¢ash on hand and call deposits. and other short-terni highly liquid inve5tment5 that are readily convertibl¢ to a known amount of cash and are subject to an insignifLcatLt risk of change in value. Pagell
The Piaister Charitsble Foundation Iyotes to the Financial Statements for the Year Ended 31 March 2024 (Continued) Trade eredltors Trade ¢reditors are obligations to pay for goods or seryi¢es that have been acquired in the ordinary course of operations from supplieTS. A¢¢ounts payable are ¢lassified as current liabilities if the charity does not have an unconditional light. at the end of the r¢porting period, io defer settlement of the creditor for at least twelve month5 aftcr the reportiiig datt. If there is an unconditional right to defer s¢ttlement for at least twelve month5 after the reFQrtin8 date, they are presented a5 noii-current liabilities. Fund strlltture Unrestricted in¢ome funds are general funds that are availabl¢ for use at the trustees discretion in furtherance of the objectiV¢5 of the charity. Page 12
The Plafister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 2 In<ome from donation5 snd leg&eies UrtrestrScted fullds General Totgl 2024 Totsl 2023 DonatlODS and legacies. Donation5 from individuals 600 600 1,030 600 600 1,030 3 Inve5tmeDt incoJDe Unrestricted fund$ General Total 2024 2023 Income from rents Interest receivable and similar income. Interest teceivable on bank deposits 156,989 156.989 155,614 1.196 1,196 183 158,185 158.185 155,797 4 Other income Unrestricted funds Gener41 Total 2024 Total 2023 Styd fees Subsidy in¢ome Sale of livestock 1,140 2.509 3,000 1.140 2,509 3,000 3.742 6.649 6.649 3,742 Pag¢ 13
The Plaister Charitable Foundation Notes to the Financial Statement5 for the Year Ended 31 March 2024 (continued) 5 Expenditure on charltable aetivRtles Aetlvlty support costs 2024 2023 Care for Cabbet Arab horses Accountancy- governance 52.989 4,318 51989 4,318 26,801 5.400 57.307 57,307 32,201 Pag¢ 14
The Plaister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 6 Other expenditure Unrestricted Total 2024 Total 2023 Genergl Staff costs Pension costs Wages and salarie5 Travel and subsisience Casual wages Rent and rates Light. heat and power Repairs and maintenance Telephone and fax Priniing, p)stage and stationery Trad¢ sub5¢riPtions Sundry ¢xpenses Cleatling Motor expenses Management fees Bookkeeping (Profityloss on disposal of tangible fjxed assets InsuratJ¢e Depre¢iation of plant and machinery Depreciation of fixtures And fittings Legal and professional fees Equipment repairs and renewals Computer software and maintenance costs Depreciation of offjce equipment Advertising Bank charges Bad debts written off 571 43,182 431 1,370 10,082 5,355 65,130 264 339 625 571 43.182 431 473 28,740 1,189 9,553 5.129 4.270 13,148 254 849 10,082 5,355 264 339 625 545 418 1,870 21.509 1.938 545 418 1,870 21.509 1,938 263 14,685 5,637 28.582 6,918 4.596 80 639 285 80 62 401 16,710 1,686 14.685 5,637 28.582 6,918 4,596 80 639 285 15,905 5.514 27.279 2.178 4,928 140 310 154 3.910 3.910 219,224 219,224 139.824 Page 15
The Plaister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 (Continued) 7 Analysis of governAn¢¢ and support costs Governgn¢e Costs Unrestricted funds G¢n¢rg1 Total 2(124 Total 2023 Accountsncy fees Accountsncy fees 4,318 4,318 5,400 4,318 4,318 5,400 8 Trustees remuneration and expen¥tS No tnjstees. nor any pcrsons conllccted with them. have r¢¢eived any remuneration from the ¢harity during the year. No tru5t¢e5 have rKeivrd any reimbvrsed expen5e5 or any other bcneflts from the ¢harity during the year. Page 16
The Plaister Charitable Foundation Notes to the Financial StY4tements for the Year Ended 31 March 2024 (continued) 9 Staff costs The aggregate payroll costs were as follows,, 2024 2023 Staff costs during the year were.. Wagts and salaries Pension ¢osts 43,182 571 28,74Q 473 43,753 29.213 The tntsnthly average nutnb¢r of persons lio¢luditsg senior management team) employed by the Gharity during the ye& expressed as fiill time equivalents was as follows.. 2024 2023 Employees No employee re¢eived emoluments of more than £60,000 during thc ycar Page 17
The Plaister Charitable Foundation Noteg to the Financial Statements for the Year Ended 31 March 2024 {colltinued) 10 Taxation The charity is a register¢d charity and is therefore exernpt from taxation. 11 TAngible fixed assets Land And buildings Furniture and equipment Classic cars Tot¥1 Cost At l April 2023 Additions Disposa15 At 31 March 2024 1.101.327 37,691 231.903 10.411 116,5001 252,000 1,58S,230 48,102 116.5001 1,139,018 225,814 252,000 1,616.832 Depreciation At l April 2023 Charge for the year Eliminated on disposals At 31 March 2024 83,844 34,858 17.8381 83.844 34.858 17,8381 110,864 110.864 Net book v4lue Ai 31 March 2024 1.139.018 114.950 252,000 1.505.968 At 31 March 2023 1.101.327 148,059 252.000 1.501,386 12 Fiyed *sset inv¢stmettts 2024 2023 Investment properties Oth¢r inv¢slm¢nts 2,422,155 669,548 2,422,155 609,461 3.091.70J 3,031.616 Page 18
The Plaister Charitable Foundation Notes to the Finantl21 Statements for the Year Ended 31 March 2024 (continued) Investment properties Investment properties C05t or Valuation At l April 2023 2,422,155 Provision At 31 March 2024 Net book value At 31 March 2024 2,422,155 At 31 MaTrh 2023 2,422.155 The properti¢5 have not been revalued by an independant valuer a5 at 31 March 2024. Page 19
The Plaister Charitable Foundation Iyotes to the Financial Statements for the Year Ended 31 March 2024 (continued) Other investments Listed inve5tment5 Total Cost or VAluatlOD At l April 2Q23 609,461 60,087 609,461 60,087 ReYaluati¢)n At 31 March 2024 669,548 669.548 Net book value At 31 March 2024 669.548 669,548 At 31 March 2023 609,461 609,461 13 Stock 2024 2023 Stocks 84,77Q 72,620 14 Debtors 2024 2023 Trade debtor5 Prepaymetjts A¢¢tued in¢ome Oth¢r debtors 3.875 748 927 3.146 2.629 2,629 7,895 17.818 15 Cash and cash equivalents 2024 2023 Cosh at bank 41,602 120,384 Pag¢ 20
The Plaister Charitable Foundation Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) 16 Creditors.. #mounts falling due within one yeAr 2024 2023 Trade ¢rediiors Other t&xation and social security Other creditor5 Awruals 35,839 261 24,732 7,660 19.884 198 1.126 8,160 68,492 29.368 17 Pensiot) and other $¢h¢me$ Dered contribution pension 5cherne The charity operates a defjned contributron pension scheme. Th¢ pension cost charge for the year represents Contributions payabl¢ by the ¢harity to the scheme and amounted to £571 {2023-£4731. 18 Funds BAlan£e At I April 2023 IneomiDg re50urce5 Re$ollrees expended Balance at 31 March 2024 Unrestricted fund5 Gener41 Unr¢stri¢t¢d filnds 4,714,456 165.434 216,444) 4,663,446 Bxlance gt I April 21J22 Incorning re50urce5 Re5011r¢es expended Ba13nce at 31 March 2023 Unrestricted funds Gerterul UThrestri¢ted funds 4,738.619 160.569 184.732) 4,714,456 Page21
The Plaister Charitable Foundation Notes ¢0 the Financial Statement$ for th¢ Year Ended 31 March 2024 (continued) 19 AnAlysts ofnet assets between funds Unrestricted funds G¢neral Totkl funds at 31 March 2024 Tangible fixed assets Fixed ass¢t investments Current assets Current liabilities 1,505,968 3,091,70J 134.267 {68.4921 1.505.968 J,091.703 134,267 {68,492) Total net assets 4.663.446 4.663.446 Unrestricted funds Gen¢ral Total fund5 gt 31 MArch 2023 Tangible fixed a55ets Fixed asset investments Current Sets Current liabilities 1,501.386 3,031,616 210.822 129,3681 1,501,386 3,031,616 210,822 129.3681 Total net assets 11 4.714.456 4.714.456 Page 22