Charity Numb8r.' 203516 THE MUNICIPAL CHARITIES OF PLYMOUTH ANNUAL REPORT & FINANCIAL STATEMENTS ear ended ecember 2024 Pre ared b Websters Chartered Accountsnts Abacus House 129 North Hill Plymouth PL4 8JY
THE MUNICIPAL CHARITIES OF PLYMOUTH INDEX TO THE FINANCIAL STATEMEKrs PAGE Referance and administrative detsijs Report of the Trustees 2to5 Report of the accountants Statement of comprehensive Int>)me Stat8ment of ch8nges In r&sepS Balan shÈet Notes lo the financial statements 10t016 Additional infomiation report 17 Analysed incorne and expenditure account 18 Division of net assets 19
THE MUNICIPAL CHARITIES OF PLYMOUTH REFERENCE AND ADMINISTRATIVE DETAILS For the ear ended 31st December 2024 REFERENCE AND ADMINISTRATIVE DETAILS FOR THE CHARITY. ITS TRUSTEES AND ADVISERS Charity name: The Charity is known by the name of The Municipal Charities of Plymouth, which is the Charity name used to manage a number of constituent charities. the details of which are shown in note 14 to the accounts. Charity number: 203516 The Trustees at the date of approval of this report and those who served during the year under review were as follows: Co-optative and representative: M Parkman Mrs P Bunkin Mrs Corvid Mrs E Leonard Miss K Willmott K Lewis T Lever Mrs V Steer A Sirnpson J Laing (Chainnan) (Retired 10th July 2024) c411 Chairman) (appointed 13th November 2024} (appointed 13th November 2024} Clerk to Trustees: Mrs E Leonard Principal and registered offi. 98 Plymstock Road Plymouth PL9 7PJ Bankers: Lloyds Bank PIC Royal Parade Plymouth PL1 1DS Accountants". Nigel Webster & Co 129 North Hill Plymouth PL4 8JY
THE MUNICIPAL C ARMES OF LYMOLtfH REPORT F ThETRUSTEES For the ded3 t December STrUCTURE, GOVERNANCE AND MANAGEMENT The Charity was 8stabllshed on 20th February 1968 to manage a few constituent cl)arities, whose details and goveming docutnents are as set out in nots 16 and is Tegistered undar the Charitles Acl, number 203516. The Charity is operated by a Board of Trustees who meet on average once every two months to discuss ts affairs. The day-t(Hlay management is delegated to Mrs E Leonard. (the Clerk and Treasurer to the Trustees) in consuEtatk)Tr with the Chaimwn and Vice-chaimian. PUBLIC BENEFIT The policias and procedures for recwibng. appoiE)ting and induction and tfdining of Trustees are that all representstwes, Tru$te8s are diredy appointed by Plymouth City Cijuncil. AJI Coptative Trustees are recruited through other Trustee networking depending on particular sklil requirements. The Board conslsts of a maxlmum of 4 preSentatiVe Trustses and 8 CCTrOPtatiV8s. All new Trustees induction and training involves a totjr of the Chapty Alnishouses and an oveNiew of the CharItS operati¢nS at the first meeting. All Trustees are unpaid volunteers, and the salary ol the Clerk is agreed annually at a Trustee meeting. The Trustees hav8 had due regard to the guidance published by the Charity Commission on public benefit and achieve pubfr bèn6frt through its conlinued soual housing wo. REVIEW OF THE BUSINESS AND BUSINESS MODEL We began the year with a balance of £53,958. acm8s all of the accounts and ended wEth £47.702, We had all 16 flats ocujpied throughout 2024 with the exception of Flat 8 Rawlin Homes after vacatlon in May and renovations began to update and modemise it into Ihe ttght and airy spac8 it is today. 11 was occupied in late September and the weekly maintenanGe charge was aged by Trnstees to be set at £100 per weék given the expense of Ihe work carrted oul. The total cost of the renovalion amounted lo 4• £19.142 works an additi'onal cost of £5393. in electricai works, A fvll réfurbishment of Flat 1 Rawlin Homes was also carried out during the summer lotalllng £13.610 in building works. We gave the Ladies the usual annual Christmas glfts of a gift voucher lo the value of £251pax, together with shortbread biscuits from the Leprosy Mission @ £6.IX)Ipai plus Christmas Cards and gift wrapping at a total cust of £489. We also organised and funded a Christmas lunch for The Ladies. which came to a total of £384. This was at 8 venue new to us, the Steak & Omelette Bar in Cornwall Street, which as being local, did not require transport to b8 arranged by the charity. We hosted our now annual Garden Paty in the grounds of the A]mshouses at a cost of £227 {including refreshments) with catering supplied by thè OINe Branch in Oreston. a small deli cafe.
MUNICIPAL CHARJTIES OF P YM TH REPORT OF THE TRUSTEES CONTINUED For tho ar ended 31 st December 2 Joan Bennett Exhlbltlon Endowment. Francls Elizabeth White Charity and Plymouth SDU Soclety: Thé balance at Ihe beginning of the year was £2.918 and at year end it stood at £3,038.. We donated £250. to Provide Devon in August to support the work they do to assist disadvanlaged people in Plymouth. Orphans. Ald Educatlonal Foundation The Otphans, Aid Educational Foundallon stsrted the year at £12,301 and ended on £12.537 and has been able to contlnue in its work to assist local farnilies with Ihe cost of schod unift)rm for the transition from Year 6 lo Year 7 (Junior School to Senior School). The Trustee5 Voted in April to keep the amounts the same as the previous year (£751pax and £50 for any appllcation received via The Unifomi Shop i PlymouUI and from Pilgrim Primary in order to allow them to help rnore famlllés). We had requests from 29 families, from 8 schools wthin the Plymoulh City Council bourKlary. The Charity agreèd to hcnour each application rec8ived. adding up to a total of £1.999 pledged for the year. As in pr8vious years, not all the parentslguardians to whom grants We offered claimed th8 repaymenl, resulting in an underpayment of £730 of those pledges- this was reftected In a tol21 of £1,289 being paid out A payment of £250 was made in February 2024 lo the Uniform Shop to support their work and a further payment al the end of the Summer 2024 round tolalling £500 the dorkqtions were gratefully received and will focus on providing blazerts for children entering Year 7. A donation was also made of £500 to Sheklnah fvlission to further their work among the disadvantaged in Plymouth. Thls is an annual donation and will be next disc(wed at our November 2025 meeling. Weekty Malnlènahce ContributloTr: As in previous years, the Weekly Malnt8nance Contribution was increawj In April by £5 per waek lor both lower and higher rales. therefore the upllfted rates rose to £82 (bedsit) and £87 (1 bedroom fiat) wlth the exceptton of Flat 8 Rawlin Homes which, from September 2024, and after a significant renovation, the Cost of whSch ¥vas £19.142, was sel at £100 per week; our WMC is still well below current market rental fees. This increase refl8Cts the substantial repairlredecoration costs incurred to pr8pare the Almshouses for a new Almslady each t1, plus ad hoc maintenance and repairs. Our total receipt for WMC in 2024 came to £69.332 net of voids. The Increases for ye8r 2025 will be discussed at Ihe January 2025 meeting Trustee Retlremènl: At our July meeling Mrs Pauline BunkAI retired as a Trustee after many years of loyal s8rvice, Mrs Bunkin was presented wrth gifts to the value of £13 POLICY ON RESERVES The Trustees are satisfied the ffiancial posltlon al the end of Ihe period, which continues to show the Charity having healthy reserve5. Reserves are maintained to ensure the Charity can meet its ongoing obligations as houskng provider and maintain the housing prOpertS to appropriate ling standards.
MUNICIPAL ARITIES OF PL YMO REPORT OF THE TRUSTEES CONTINUED aren ed 31st Decemb 2 PRINCIPAL FUNDING SOURCES The Charity reseTves fund the ongoln9 requirements, with no need for extemal fundlng or borrowing as the organlsation has no rrent development plans. The only source of incomè and fjjnding came from lettlng of social housing togalher WFth gains and income from investments. OBJECTIVES AND STRATEGIES FOR ACHIEVING THOSE OBJECTIVES The Charity feels that desplte the current economic climate, il remains In a very strong position to carry on its work Into tha foreseeable fvture and lo provide, as a Registered Social Landbrd, IOW-COSL safe and secure Almshouse housing for Ladies on low income, or whose penslon provislon. should they be in receipt of such, prevents them from being able to rent In Ihe current market. The Charity may consider redevelopmant of the older units at an appropriale bmescale. but wa remain confident in our abillty, and with the help and support of a strong Board of Trustees, to continue the ethos18ld down many years ago, but which is still very relevant in thè present day. A quinquennial survey is booked for February 2025 on each flat to asc8rtain what 19 required to bring them up to date and to also ensure that all Health & Safety requlrements are in compliance with natlonal recOMmerallOnS for sodal housing. We also look forward to being able lo continue our work to offer educational and unlform clothlng grants to those local families In need, as part of our policy of the relief of poverty within the Plymouth boundarie5 and will carefulty monltor our divldend income and match it approprhately against any further granl spènding In 2025 ar#J into the rest of the deca(le. MAJOR RISKS AND MANAGEMENT OF THOSE RISKS The Trustees m88t reyulady and discuss risks. which are mitigated accordingly. Property deeds are held by th8 Clerk to the Truste85: asset and liability insurance is obtaine(I through Grout Insuran. investments are malntained through low rtsk bespoke Charity focussed Investmént untts. KEY VALUE FOR MONEY MEfRICS Metiic 1- Social housing revenue per unit £4.333 Metric 2 - Social housing cost per untl £4,070 Metrlc 3 - retum on capital employe(J 6.1% Metric 4- Operating margin on social housing 3.56% GRANT MAKING POLICIES The Truste8s agree grants at the TnL8tees rneetings after assessing Ihe applicatlon against the crileria applicable of the assolaatéd r8stricted fund
THE MUNICIPAL CHARITIES OF PLYMOUTH REPORT OF THE TRUSTEES CONTINUED For the ear ended 31st Decemhr STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charfly's Trustees a responsible for the preparation of finandal statements for each financial year whlch glve a true and fair vtew of the stat8 of affairs of the Charfty and of the results of the Charity for that pernd. In preparing those finaricial statements. th6 Trustees are requlred to: a) select 5urtable accounting policies and then apply them consistèntly: b) make judgements and estima18S that aTe reasonable and prudent. c) State whether tha poltcies adopted are in accordan vrith the Housing Assoclatlon SORP and with applicable accounting standards subject to any matwRI departures disdosed and explained in th8 financial statements: and d) prepare the financial statements on the going concwn basis unless It Is inappropriate to presume Ih8t the Charity will conti[e. The Trustees a responsible for the systems of internal firk8ncial control and for keeping proper accounting records whlch disdose with reasonable ac{raCY at any ts'me the financial position of the Charity and trj enable thern to ensure that the financial statements comply wilh the appropriate legislation. They ara also rèsponsible for safeguarding the assets of the Charity and hen for laking reasonable steps lor the yevention and detection of fraLKI and other irregulariti8S. ON BEHALF OF THE TRUSTEES M Parkman TRUSTEE AND CHAIRMAN DATE..
ACCOUNTANTS REPORT TO T OUNTS OF T E MUNICIPA E BOARD ON THE UNAUDrrED HARITIES OF PLYMOUTH We report on the aUnts for the year ended 31st December 2024 set out on pages 5 to 12. Respective responslblliues of the Board and Reporting Acmuntant The Trustees of the Charity. and as a R8gister8d Social Housing Provider are responsible for the preparab'on of the accounts, and Ihey consider that the CharitylRegistered Social Housing Provlder is exempt from an audit. It is our responsibility to cary out procedures designed to enab18 US to report our opinion. Basis of oplnlon Our procedures consisted of comparing the accounts with the acCounng records kept by the CharitylRegistered Social Housing Provider and making such limited enquirie5 01 the officers of the CharityiRegistered Social Housing Provider as we considered necessary for the purpose of this reporL These procedures provide the only assurance expressed in our opinion. Oplnlon In our opinion: the accounts for the )Bar ended 31 st Decernber 2024 are in accordance with the accountlng records kept by the CharitylRegisfiered Social Housing Prov5der Landlord under paragraph 135(2)(a) of the Housing and Regeneration Act 2008" having regard only tr). and on th8 basis of the InfOnnati contained in the accLJuntlng records: the accounts CnplY with the requirements of the Charities Act 2011. the CharitylRegistered Social Housing Provider has satisfied the conditions for exemption from an audit of the accounts for the year ended 31st Dember 2024 specfrfied in paragraph 136{3) of the HousiThJ & R8generdUon Act 2008. the accounts comply with the reqU1ments of the Housing and Regeneration Act 2008 and the Accounting Diredion for prlvate registeted providers of soal hausing in England 2019. WEBSTERS CHARTERED ACCOUNTANTS 129 Noth Hill PLYMOUTH Oevon PL4 y OATE: 11 & Trs
THE MUNICIPAL CHARITIES OF PLYMOUTH STA EMEKf OF COMPREHENSIVE INCOME For the ear ended 31st December 2024 2024 Continuln erations 2023 ontinuin erations Note TURNOVER 1&2 69,332 65,374 OPERATING COSTS 88.277 81,793 OPERATING (LOSS) (18,945) (16,419) Interest receivable and other income 7,835 7,394 Unrealised gains on financial instruments 23,303 TOTAL COMPREHENSIVE INCOME FOR THE YEAR £1,027 £14,278 Signed on behalf of TRUSTEE .kL.. . .M PARKMAN (CHAIRMAN) Board on: The annexed notes forn an integral part of these financial staternents.
THE MUNICI AL CHARITIES OF PLYMOUTH STATEMEKf OF CHANGES IN RESERVES For the ear ended 31st December 2024 Income and Restrlcted Ex enditure Reserves Roserve Total 2024 Brought forward Total comprehensive Income Carried forward 123,479 3,532 £127,011 409,142 532,621 2,505 1,027 £406.637 £533,648 2023 Brought forward Total Comprehensive Income Carried forward 114,266 403,413 517,679 14,942 £409,142 £532 621 £123,479
THE MUNICIPAL CHARITIES OF PLYMOUTH BALANCE SHEET as at 31st December 2024 Note 2024 2023 FIXED ASSETS Tangible Assets Less. Historical SHG 310,091 179,949 130,142 12,932 343,249 486.323 313,411 179949 133,462 14,369 331,112 478,943 Other tangible fixed assets Investments CURRENT ASSETS Debtors Cash at bank 1,997 47,703 49,700 1,185 54.006 55,191 CREDITORS Amounts falling due wilhin one year 10 2,375 1,513 NET CURRENT ASSETS 47.325 53,678 NET ASSETS £533,648 £532,621 RESERVES: Revenue rOse8S Restricted resarves 406,637 127,011 409,142 123,479 £533,648 £532,621 The financial ststements were approved for issue by the Board of Trustees on: l Y , b , ZJ) I g d signed on its beh by: TRUSTEE . M PARKMAN (CHAIRMAN) The annexed notes form an Integral part of these financial slatement&
THE MUNICIPAL CHARITIES OF PLYMOUTH NOTES TO THE FINANCIAL STATEMENTS For the ear ended 31 st December 2023 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES General Inforniatlon and basls of preparation The Municipal Charities of Ptymouth is govemed by documents in note 12 as a private registered provider of social housing in the United Kingdom. The registered office a(Sdress is shown on page 1 but will change in 2(r23. The nature of operations is the management and ownership of registered social housing propertÈes. The financial ststements have been prepared in accordan with applicable accounting standards including FRS102 the financial reporting standard applicable in the UK and Republic ol Ireland, the statement of recommended Practi for social houslng providers 2018, arKS with the Accounting DitE0ft for private registered provlders of soclal houstng in England 2019. The finandal statements arè aL80 prepwed under the requirements of the Housing and Regenoration Act 2QO8. The financkql statements have been prepared on a going concem basis under Ihe historical cost convention, mcdifiéd to indude certain items at fair value. The financial statements are prepared in sterling. which is the functional currency. The significant accounting wllcies 8pplEd in th8 preparation of these financial staternents are set out below. Thèse wllcles have been consi*enlty applied to all years presented unless otherwlse stated. The presentation currency is pndS sterting and there is no rounding. Turnover and other Income Tumover Is recognlsed when reIvable and is Tneasured at fair v81ue. Tumover repr8senis renta and servlce charges net of voids. Interest and dividend income Is recognised when the rlghl to payment is established. Cost allocation The allocation of costs are coverod in note 2 of Ihe financial ststemerrts and Is recognlsed when payable. Tang5ble fixed assets (l) Housing propertles: Houslng properties are shown at their historical St. 16s8 accumulated deprectaty'on, plus Improvefnents carri1 OUL (11) Soclal housing grant: Soc181 houslng grant (SHG), fomierly HAG, is paid by the housing c£)rporatron to reduce th8 cost of development and is therefor8 shown as a deductK)n frorn the cost of housing properties on the balatKe sheet. (111) Depreclatlon: Depreaation is provided in equal annual instalments at the following annual rates in order b ite off each asset over its e8tsmated usefuS1rf8: Housing propertjes Equiprnenl Straight line annually until 3181 December 2071. 10% of net book valu8. The tharge for housirtg property deprecialion is 50 years from the a(x]uisition of the freehold in 2021. -10-
THE MUNICIPAL CHARITIES OF PLYMOUTH NOTES TO THE FINANCIAL STATEMENTS For the ear ende 1st ecftmber 202 I. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Contld.-. Investménts Investments are initlally recognised at cost and subsequenty shown in the balance sheet at their fair valu8 and mov8ment in fair value recognised through Ihe statement of comprehensive tncome. Restrlcted resenfes Restricted reserves are those reser+$ which are onty expendable in aGrdance wilh the wlshes of the donor or regulatory body. Income and expenditure caTHKJt be set against stri(ed raserves so Is taken thfough Ihe general income and expenditure accounl and an approptiate transfvr to rgstrict8d reserves is made. Debtors and credltors Debtors and creditors wilh no stated interest rate and r@c8ivab18 or payable within one year are Ir8cord8d at transaction price. Any losses from impaim*nt are recognised in the ststement of comprehensive income. SOCIAL HOUSING TURNOVER AND COSTS 2024 2023 TURNOVER Social housing contributlons Less: Void periods 70,811 (1,479) 65,374 Turnover from social housing contributions £69,332 £65,374 -11-
THE MUNICIPAL CHARMES OF PLYMOUTH OTES TO THE FINANCIAL STATEMEKrs CONTINUED For the ar ended 1stD 24 OPERATING COSTS 2024 2023 SOCIAL HOUSING COSTS Management". Clerks salary, NIC and pension Postage, stationery. photocopying and Clerks expenses 13,563 15,773 2,276 14,409 18,049 Insurance Lighting Rates anrl water 1.518 2,400 3,617 1.529 4.359 3,790 7.535 9,678 Routine maintenance: Maintenance costs 14,698 24,203 Major repairs expendilure 38.145 15,801 Deprectation of housing properties: Almshouse Flxtures and flttings 3,320 3,320 1,822 4,757 5,142 Other costs: Professional f88S Accountancy and payroll sUbslptiOns Sundry expenses 319 1,854 879 4.398 2,084 1,142 4,237 7,450 £80,323 Total operaling costs for social houslng lett6ngs 87.007 COSTS RELATING TO OTHER ACTIVITIES Educattonal and tharitable grants Total 1.270 88,277 1,470 81,793 -12-
THE MUNICIPAL CHARITIES OF PLYMOUTH NOTES TO THE FINANCIAL STATEMEKrs CONTINUED For the ear ended 31st Decem 2024 OPERATING LOSS 2024 2023 This is ststed after charglng: Depreciation of owned fixed assets £4,757 £ 5 142 INTEREST RECEIVABLE AND OTHER INCOME Income receivable from investments Donations 7,695 140 £7,835 7,394 £7,394 STAFF COSTS, TRUSTEES EMOLUMENTS AND EXPENSES The Charlty had an average of one part-lim8 employe6 during both years. No employe& received more than £60.000 pa. The Trustees received no emluments and were reimbursed no expenses during the year. -1&
THE MUNICIPAL CHARITIES OF PLYMOU NOTES TO THE FINANCIAL STATEMENTS CONTINUED For tho ar ended 31 st December 2024 FIXED ASSErs freehold housln COST Brought forward Additions Carri8d forward 394,446 394,446 DEPRECIATIDN Broughl forward Charge for the year Carrfed fOard 81,035 84,355 NET BOOK VALUE Brougm forward Carried forward £313,411 £310,091 All properties ar8 housing properties foT almshouse living and relate to completed schemes. The housing piopertÉes are split into two homes, John Gayer and Rawlin Homes. Since 2021, the John Gayer homes arKI tho Rawlin h(xnes are owned by the trustees of the charity as a freehold. OTHER TANGIBLE FIXED ASSETS Heats ui men Securit ui COST Brought forward Additions Garried forward 29A49 29,449 DEPRECIATION Brought forward Charge for the year Carried forward 15,080 1,437 16,517 NEf BOOK VALUE Bft)ught forward Carried forward £ 14,369 £ 12,932 -14-
THE MUNICIPAL CHARITIES O PLYMOUTH NOTES TO THE FINANCIAL STATEMENTS CONTINUED For the ar ended 31st De mber 2024 FIXED ASSEf INVESTMENTS 2024 2023 Usted Investments Market Wdlue at beginning of year Additions at st Movement on investments Market value at end of year 331,112 307,809 12,137 £343,249 23,303 £331,112 The Charrty held the following investrnents al the year end,'- 2024 2023 units Units 4,842.59 4.842.59 4,299 4,299 28,410 28,410 595.98 595.98 Market values 2024 2023 COIF Income units M&G Charifund income units M&G NA4CIF income untts COIF Ac£umulation unrts 98,256 96,101 63,298 61,690 26,373 25,518 155,322 147,803 £343.249 £331,112 The historical cost of investrnents is not known to the Trustees. The fair value of listed investments Is determined by the quoted mid-market price. DEBTORS All receivabl8 within one year. This represents prepaid expenditure. 10. CREDITORS Amounts falling due within one year Other creditors and accruals 2024 2023 £2,375 -15-
THE MUNICIPAL CHARITIES OF P YMOUTH TES TO THE FINANCIAL STATEMEKrs CONTINUED For the ar ended 31st D0rn 2024 11. RESTRICTED RESERVES Brou forward &u[oLf r al the Rostrl Char Orphans, Aid Educatlonal Foundation Joan Bennett Endowment TOTAL 114,441 9,038 £123.479 120,087 9,058 £129.145 20 £5,666 The purpose of gach restricted reserve i&- ORPHANS, AID EDUCATIONAL FOUNDATION These funds are to be apled for the purpose of benefiting young boys and girls (with orphans taking precedence over other applicants.) who reside in Plymouth and are in need of financial assistan for the purpose of their educatlon. JOAN BENNETf EXHIBtTION ENDOWMENT These funds are to be applied for the purpose of benefiting older children, usually of school leaving age. to assist in tr5eir career. apprentiGeship or otheMise to help them in their further education. 12. CHARMES CONSTrruTING THE MUNICIPAL CHARITIES OF PLYMOUTH The Municipal Charities of Plymouth is the registered body Gontrolling the following charities, who a listed with their governing documents:_ Name vernln documents Frances Elizabeth White ChaTity 7 ChartLy commission schemes between 13th July 1894 and 24th OGtober 1967 The Ptymouth Almshou58 and &8sistance Charity 7 Charity cornmission schemes between 13th July 1894 and 24th October 1967 Plymouth Soup Society Charity CnMiSsion scheme of 11 th January 1963 13. HOUSING ACCOMMODATION At the beglnning 8fKI end of the yeai. as an RSHP, the Charity let 16 social houslng units. -16-
ADDilloNAL INFORMATION REPORT TO THE TRUSTEES OF THE MUNICIPAL CHARITIES OF PLYMOLrrH The annexed pages are an analysis of income and expenditure of th8 various Gharitabl8 Outlets for the year end8d 31 st December 2024 and division of net assets by outlet, These pages do not form part of the Charity's statutory annual accA)Unts. WEBSTERS CHARTERED ACCOUNTANTS Abacus House 129 North Hill PLYMOUTH Devon PL4 8JY DATE". -17-
MUNICIPAL CHARrriE OF PLYMOUTH ALYSED INCOME D EXPENDrruRE ACCOUNT For th6 ar ended 31st mber 2024 Joan 8onnét lizabeth Aid Educational Foundation Assistance Endi)wme INCOME Contributions réceivable from Ajmshouses Less: Losses on voids 70.811 70.811 65,374 1,479 69,332 1.479 69,332 65,374 Other income -Donations - Ligted investments 140 7,695 3.295 570 57Q 3.462 3.462 368 368 7,394 72.768 EXPENDITURE EducatK)nal and Charitable grants Insuran Lighting Council tax and water rntes Maintenan Subscriptions Sundry expens88 Clerk's salary, Nl and pension Postagé,stattonery and derks Expenses Accountancy and payroll Professional fees 2.769 2,519 250 1,470 1.518 1400 3,617 52,843 1.142 2,738 13.563 1,518 2,400 3.617 52,843 1.142 2,738 13,563 1.529 4,359 3.790 40,1)04 879 5,232 14.939 2,276 2.084 2.084 1.854 319 4,757 88,277 4,757 85.508 250 81,129 NETINCOME OVER EXPENDITURE (11.110> (12.741) 570 118 (8.381) UNREALISED GAIN ON INVESTMENTS 12,137 9,216 2,318 153 23,303 NET MOVEMENT IN FUNDS £1,027 £(3,525) £1,020 £3,261 £271 £14,942 -18-
THE MUNICIPAL CHARITIES OF PLYMO TH DIVISION OF NET ASSETS As at 31st DeceMr 2024 UNRE Tric ND outh and Asslst ran Ellza Aid 6gnDett Exhibliion End(pHm da FIXED ASSETS Tangible 143.074 143.074 Investrnents 343,249 215,800 18,867 102,560 6,022 CURRENT ASSETS Debtors 1,997 1,997 Cash at bank 47,703 28,098 4,032 12,537 3,036 Interbank adjustments {2,856) 2.856 CREDITORS (2,375) {2.375) NET ASSETS OF THE CHARITY AT 31.12.2024 £383.738 £22,899 £117,953 £9,058 TOTALS PER ACCOUNTS £406,637 £127.011 .19-