SIR EDGAR STROUD PLUMMER CHARITABLE TRUST
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
30Th JUNE 2024
Charlty number 1203365

SIR EDGAR STROUD PLUIAMER CHARITABLE TRUST
FINANCIAL STATEPAENTS
FOR THE PERH)D ENDED
30TH JUNE 2024
Contents
Pagè
Rep¢)rt of the Trustee
Report of the Independenl Examirwts
Statement of Financial Actiwties
ance Sheet
Notes to the Financial Statements
14
9-10

SIR EDGAR STROUD PLUMMER CHARrrABLE TRUST
REPORT OF THE TRUSTEE
FOR THE PERIOD ENDED 30TH JUNE 2024
The twst is registered as a charty under refere￿e number 1203365.
Trustees durir¥J the peri￿J:
Ludlow Trust Company Limtied (resigned 12 December 2023)
Church Society {appointed 12 Decembèr 20231
Roglslered Offi¢8
GrouTrJ Floor, Centre Bbxk
Hille Business Estate
132 St. Albans Road
Watfor(I
WD24 4AE
The principal professional thisers to the ¢rusl are:
Bankern:
Bardays Bank plc
62164 High Slr88t
Wattord
WD17 2BT
Sollcltors:
10 The Point
Market Hart￿ough
LE16 7QU
IndeporKlent exanmnor:
JCS Acts￿ntants Limited
S Robin Hcod Lane
Sutton
Surrey SM12SW
Page 1

SIR EDGAR STROUD PLUMMER CHARITABLE TRUST
REPORT OF THE TRUSTEE
FOR THE PERIOD ENDED 30- JUNE 2024
Structure, govomance and managwnent
The Sir Edgar Stroud Plummèr Charitable Trust was eslablished by vdll proved on 27 August 1940, as
govemed by the Trust 088d.
Trustees are to be appointed by the ￿)ntinUIng trustee.
Decisions on matters of policy and grants to ben8fickgries a￿ made at meetmgs (physical or virtuall of the
trusloes of Church ￿lety or through correst#)nder￿ be￿een them.
Rlsk Management
The trustee has ccmsidered the levels of varM)us risks relatir#J to the aclivities of the trust and investments
held to fund Ihose acbvities. They are satisfied wth the arrangements made to minimise, miligate and insure
3ainst those risks bul have agreed to keep ￿ Situati￿ under regular review.
Objectives and act5vftks
To advance the Christban Faith for the pul￿1¢ benefft in al￿rdar￿ with the tern￿ of the will of Sir Edgar
Plurnmer proved in the dislricl probate regislry at Exeter on * May 1940.
Policies
Church Society (charity no. 249574) has a range of p)licies, induding a Finan￿ Policy and Investment
Policy. which have been followed within the day-to&y activities of the Charitable TNSI.
li b nefft
The Iruslee confims that they have referred to the guidance cxmtaine(l in the Charity Commission's general
guidance on public benefft and have given due considerat*)n to this gukdance in relation to th8 public benefit
requirement. and in wnning Ihe Charity arKI reporting ts a¢tivrties.
Achlevem6nts and perfomian¢e
Church Society is the ultimats capital beneficiary of the Sir Edgar Hummerwill Trust. The main requirement
of the Will is that the income of the charity is given to the Daily Prayer Union (charity r￿. 284857). On 16"
March 2023, Church Society and the Daily Prayer Union Tnjstees sTrgned a Memorandum of UThderstanding.
In which both parties agreed to appoint Church Society as Trustee of the Sir Edgar Plummer Will Trust in
pla￿ of Ludlow Trust Company Ltd. This occurred on 12° December 2023.
Page 2

SIR EDGAR STROUD PLUMMER CHARrrABLE TRUST
REPORT OF THE TRUSTEE
FOR THE PERIOD ENDED 30TH JUNE 2024 (conlinued)
Flnanclal rovlew
er t￿ financial period from 10° May 2023 to 3￿ June 2024, income was £56.431, cornpared to the prior
year. 10 May 2022 to W May 2023 in which income was £38,863. In both years the irKome consisted of
investment ino)me from listed and cash nvestments. During the current financial perioj. grant expenses to
the Daily Prayer Union were £53.221 which was an Thyease of40% from £37,￿9 in the previous year. There
were a variety ofone<Jff costs during the current yearas it was a year oftranslt￿n. There were also significant
investment additions and disposals during the year due io the change in Trustee and their manag8mènt of
the fuThJ. but overall. the investments gain in value vras £16.655 during the period compared to a £44.781
loss in the previous pericd.
Reserves Poli
The income of the fund is for the use of th8 Daity Prayer Unl￿. The ErKhJvment can ower the expenses of
running the Charitable Trusc for example, legal and accounting fees and the management fee. The overall
aim ¢)utsid8 these expenses is to grow th8 fund. The reserves held as at 30" June 2024 were £1,633,542.
Investment Poli
Church Socievs Finan￿ Cc¥nmittee overseas the invesknent of Ihe fvnds and has an investment policy in
place. Inveslments are reviewed at leasl annualty and regular r8WtrKJ is provided.
Grant Poli
The aim of the charity is to invest the fuThJ. in order to be able to provide grants to the Daily Prayer Union.
Post Balanc8 Sheet Event
On 26° Noverrthr 2024, Church Society agreed to start the prrKess to merge the Sir Edgar Stroud
Plummer Charitsble Trust into its own accwnts Wthere il will be alxounled for as ￿ erKJ¢)wm&nt fund.
Page 3

SIR EDGAR STROUD PLUMMER CHARITABLE TRUST
REPORT OF THE TRUSTEE
FOR THE PERIOD ENDED 30TH JUNE 2024 {continL*d)
Trustso Msponsibilities
The trustee is responsible for preparing the Trustee Report and the financlal ststements in accordance viith
applicabl8 law and United Kingdom A￿Ounting StaThJard$ (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charities n EnglaTrJ and Wales requires the trustee to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the trust and of the incoming
resour￿$ and application of resources of the trust for that peri￿1. In preparing these financial statements,
the trustee is required to:
• select suitable acQ￿nI1ng polici6s and apFdy them consislenty
• observe the melhods and principles in the Charities SORP
• make judgements and estimates that are rea￿ble and pruden(
• state whether applicable ￿lUnting standards have been followed. subject to any material departures
disdosed and explained in the financial statements;
• prepare the financial statements on the concem basis unless it is inappropriate to presume that
the trust will continue in existence.
The trustee is resFrt)nsible for keeping proper acrouniing rec4)rds whth disdose wilh reasonable accuracy
at any time the financial position of the trust and enable them lo ensure that the financial slaternenls comply
with the Charities Act 2011, the Charity (AcciAAnts and Repkns) Regulati(￿$ 2008 and the provisions of the
trust deed. They are also ￿$p￿sIble for safeguarding the assets ofthe trust arKI hence for taking reasonable
steps for the prevention and detection of fraud and other irr8gulariti8S.
FOR AND ON BEHALF OF ThE TRUSTEE
T(￿n￿r
Revd A P J Towner, Trustee of Church Society
Date: 14" March 2025
Page 4

INDEPENDENT EXAMINER'S REPORT FOR THE PERIOD ENDED 30 JUNE 2024
SIR EDGAR STROUD PLUMhER CHARITABLE TRUST
Independent examlnoes report to the TnAStee of Sir Edgar Stroud Plummer Charilablo
Twst
I report to the charty trustee on my examination of ts a(x0￿ts of the church ft)r the period
ended 30 June 2024.
Responslblllties and basls of report
As Ihe charity's trustee you are responsible for the preparation of the accounts in accordance
with the requirements of the Charknes Acl 2011 (Ihe Act.).
I report in resped of my examination ofthe thurch's accounts as carried out under section 145
of the Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commisston under section 145(5)(b) of the Act.
Independent examlneVs statement
I have cc#npleted my examinalion. I confim that no matters have Come to my attention in
connection with the examination giving me cause to beI￿ve that in any material respect:
1. accounting records were not ke0 in respect of ts church as required by secb'on 130 of
thè Act: or
2. the accounts do not accord b*ith those re¢￿d$.. or
3. the accounts do not comply with the applKable requirements conr£ming the fomi and
content of accounts set oul in the Charrties (Accounts and Report) Reg￿atiOnS 2008
other than any requirement that Ihe accounts give a Iwe ar¥J fair view, which is not
Matt￿ considered as part of an IrKIepe￿Ient exanlnat1￿.
I have no concerns and have come acfOSS no Oth￿ matters in Connection wth the examination
to which attention shoukl be drawn in this report in order to enable a prorEr urthrstanding of
the accounts to be reached.
R l Haffonden FCA CTA
Jacob Cavenagh & Skeet
5 Robin Hood Lane
Sutton
Surrey SM12SW
24" March 2025
Page 5

DMO

SIR EDGAR STROUD PLUMMER CHARrrABLE TRUST
BA￿CE SHEEr
AS AT 30TH JUNE 2024
30 June 2024
9 May 2023
Flxed assets
Investments
1.W,288
1,644,283
Currènt assets
Cash at bank and in hand
DebtOTS
87,￿3
11.973
103,601
11,973
Crodltors: Amounts falling due
within one year
10 799)
Net current assets
Net assets
Endowment Fund
The financial siatements V•Ere approved by Ihe trustee
14 Marth 2025 and signed on Iheir behalf by:
/Ind*6￿ TcpJn6r
Revd A P J Towner
Church Society
Page 7

SIR EDGAR STROUD PLUMMER CHARrrABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH JUNE 2024
ACCOUNTING POUCIES
(al A¢countlng convention
The financial statements have been prepa￿￿ under the Charities Act 2011 and in accordance with
the Charities. Statement of Recommended Practice {Charilies SORP IFRS 102) and Financial
Reporting Standard 102 (FRS 102>. The finanual statements are drawn up on tP￿ historical cost basis
of accounting, as modified by the revaluatTh of fixed asset investments. The financial slalements are
prepared in pounds sterfing, rounded to the nearest pound. The financial statements are prepared on
a gcing COn￿M basis and ihore ar8 no material uncertaintiès abcNJt the charity's ability to continu8.
Sir Edgar Stroud Plummer CharIta￿e Trust n￿ts the definiti(Jn of a public benefrt entity under FRS
102.
{b) Income
All income is accounted for when it is receivab￿.
(c) Expendlture
{1) Grants are recognised when they a￿ apwoved and corr￿ltments are made to beneficiaries.
(li) Support costs are apFMJrticffth in prop[￿KIn to the dir￿1 costs asscoaled wth each activity.
(d> Investmofbts
Listed investments are shovm at mathetvalue. Investmenl properties are shown al truslee's valuation.
Changes in market value are shown as unrealised gains losses in the slalemenl of financial
activitiés.
(e) Debtors
Tax reojverable and other debtors are induded at the setdem8nt amounl due. Prepayrt￿nIS are
valued at the amount prepaid.
(Q Cash and current asset Invosljnents
Cash and current asset investments Ind￿ tssh and strmyt twm highly IKiuid investments with a
short mabjrity of three rrnnlhs or ths from Ihe date of opening of ￿ detx)sit.
(g) Creditors and provlslons
Creditors and provisions are recognised there the charity has a present Obligati￿ arising from a past
event that will probably result in the transfer of funds to a third paty and the amount due lo setlle the
obligation can be measured or estimated reliab￿. Credith ar¥J pn)visions are recc¥Jnis8d al their
settlement anK)unl.
Page 8

SIR EDGAR STROUD PLUMMER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH JUNE 2024
Cl￿tin￿l
CHARITABLE ACTMTIES
Undertaken
fundlng
dlreclly of a¢Ovllt¢s
10 May 2023
to 30 June 2024
10 May 2022
to 9May 2023
Ministy
Support activities
53.221
53,221
37.969
Support costs comprise..
Trust Administration Fees
Governan￿ cost: Legal Fees
Governan￿ cost: Independent Examinat￿ Fee
11.103
6.387
1.775
GRANTS TO INSTITLMONS
10 May 2023
to 30 June 2024
10 May 2022
to 9Alay 2023
Daily Prayer Union
EMPLOYEES. AND TRUSTEE TRANSACTIONS
The￿ were M employees during the year.
The trustees received a managen￿l fee of £8,246 from thè dwrity during the year.
Page g

SIR EDGAR STROUD PLUMMER CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30TH JUNE 2024
(x)nlinued
INVESTMENTS
30 June 2024 30 June 2024 30 June2024
Market valu• of Ilstod Inveslnients
Cash
Listed
Investment
1.644.283
1,6eli,505
(2.241,527)
Total
At 1￿ May 2023
Additions
Disposals
Net {lossesygains on revaluati￿.
AI 30th June 2024
1.644,283
2.146.493
(2,241.527)
485.988
Historlcal cost
DEBTORS ANO PREPAYMENTS
30 Jun• 2024
9 May 2023
Accrued income
CREDITORS: An￿unts falling due within year
30 June 2024
9 May2023
Accruals
Grants payable ac£ruals
Other creditors
9,746
18.601
0￿0
10.799
Page 10