Charfty registration number.. 203720
The Pearn Charitable Trust
Annual Report and Flnancial Slalements
for the Yaar Ended 31 March 2024
WESTCOTTS
eHANTIRID A¢COUNTANT

P•am Charitsble Trust
Contents (continued)
Reference and Administrative Det8118
TnJstees' Repc*t
2to4
Ind￿ndant Examlnefs Raport
Statement of Flnanclal Actlvltleg
Balancè She81
NotsB to th9 Flnancl81 Stat8ment8
8t015

The Peam Charltable Trust
Reference and Adminlstratlve Details
Chairnian
lan Dovid R¥￿IngS
Truste
lan David RaI￿1ng$
Marg8rel Susan Cllntc
Gail Bkjdulph
Or Nichol88 Rlng
Brfan Flsher
Nlgel Smlth
203720
Ch•rlty Regl8tratlon Nufflb•r
Principal Offlc•
Peam Day C4rg Cantre
Eggbuckland Road
Plymouth
PL3 5JP
Independent Ex8mlnèr
Matthew Keane ACCA
Westcotts ISWI LLP
Plym House
3 Longbridge Road
Marsh Mllls
Plymoutt)
Devon
PL6 8LT
Pago 1

The Peam Charitable Trust
Trustees, Report
The trustees present the 8nnual report togethgr wth the finandal slatemènls of the charity for the swr
ended 31 M8rch 2024.
Stwcturn, gov•rnance and management
The Charity, comprised In a deed of glft dated 9 May 1892 and a Scheme of the Ch8rity
Commission8rs of the 7 August 1998, as subsequently amended on 15 June 2004. Is admlnistered by
8 non-incorporated TnJstee bo¢Jy. The Charity is bas8d al the Peafn Centr8. Eggbuckland Road,
Hartley. pfymoulh, Devon PL3 5JP and has been based in the 2.5 acre slle since Ihe opening of the
Homeon 6 May 1895.
Trusts•8
The names of those persons who have actgd as TnJ81ees durfng th8 ￿rrent financlal year, together
th thelr date of 8ppolntment ond the expiry date of thèir currènt témi8, aro Ilsted below:
Tru¥t••8 Nam•
Oat• Appolnted
T•mi du• to explr•
lan Davld Rawlings
Goil Blddulph
Dr Nlcholas Ring
Margaret Clinton
Brfan Flshèr
January 1990
November 2012
December 2018
18 January 2026
17 Sèplgmbor 2024
17 September 2024
26 October 2026
October 1998
January 2018
February 2026
Nlgel Smllh
Febwary 2018
February 2026
Twstees ar6 appolnted or re8ppolnlad 8nnu?Ily al the Annu81 Gener81 M88ling.
Obl•c¢• and actlvltlèi
The objects of the ch8rlty, as ameThJed on 15 Jung 2004, are the prO￿310n ol cara for persons In need
predomlrbanlly In the Plymouth are8. The Trust88s may decide those ellglble for assislance by m8klng
direct grants or providlng goods and sèrvices, or by maklng grants lo olhor persons or bodle8 who
provide such 86818tsnc•.
Peam Charitabl¢ Tru#t
The sale of ts Convalescent Home took place in June 2017, and the preml8e8 h8ve now been
converted into 10, 2 bedroom flats. They have be&n sold wlh one parkSng space on slle 8nd with
cl￿ditIon of over 50s and no pets. The orlginal features of the building have been maintained And ore
In keeping ￿th the rest of the buildlngs on the Site. The bound8rles a￿ now d8fined and communal
areas of parking and gardens are being observed. The Trust has agreed to 'loon' 6 parking spaces for
visitors to the Main House on a first ￿me first seNe(J basis.
Pag9 2

The Pearn Charitable Trust
Trustees. Report (continued)
Thls eurrnnt ftnanclal year
The Truste8s have secured approprlat8 tenants for the 08y Centre, wlth regard to Its (*6glnal
purposes.
In April 2023 we signed a 5 year lease with Nefvlork H8alth Car8 INHCI, with 8 br8ak daus8 al 3
years. PCT wlll centinue to m81nt8ln the building, 81though 95% of the luti1¢￿e8 are pald by NHC. The
lease Is dlscounted lo allow NHC to bulld up the bu81ne88. Thls ￿11 be revlew8d In September 2024.
Ne￿01k Heolth Care are part of Pertemps whlch Is # largè company uslng the recrullmant ami to
brlng staff into the health care seclor. This me8ns they don't stnjggle lo staff most areBS of the
business.1181so provides a waallh of backroom knowledge and use of not only its wruitment bul also
HRJAccounllng and Publiaty.
It h$snM beén as quick to bring customers into thè Day C6nlr8 88 thèy thought. how8ver1118 now ot 4
days a weak wllh B plan to increase lo 5 days in the next financial year. NHC 16 passionate about
belng 8 'wrson cenlred. organisalion. commilled lo providing high standards for ils users, with a
bu5Ine8s drlve. With thls in mind PCT have kept the lease at a 10% discount for 8 further 6 month8 10
let them eslabllsh a regular Income.
The lower part of the buildlng on the outslde area wa8 rap8lnted. Th6 In8ld6 a180 has had a refresh ol
paint.
Fundlng
As mentioned above Network Health Care {NHCI wlll be 1ga5ing the Peam centrg on a 5 year
contract. This will allow the Trust to re-invesl the renial income. A portion of thls wll b9 Usgd lo
malntaln the bullding.
A refund of 1 grant made to Plymouth Univèrsity <£24. 981.361 was recelved, due lo Plymouth
Unlv8r81ty belng unable to 8chl8ve the research project wllh staff or equlpment 8vallable.
The total donaUon8 to 3 organlsatlons this year was £55,131.31. We hoven'l glven anwhlng to any
indlvlduals Ihls year but hope to be more successful next year.
Sumfflary of maln achlovam8nt8 of tho year
The Tw81 h8ve set a robust crllerfa for grant Bppllcallons, and seem to be reCeI￿ng applicalons from
both Indiwduals and charllies stlll.
Grant enquires. seem lo come through Livewell SW, Plymouth Crty Council. Tum 2 Us and the
Cltizens Advice Bureau. It is now also hoped the minibus donated to Access Plyrnouth wll have our
logo on il which will put the Trusts name out in the local area.
The Tru81 has received 17 appllcalions for grants this financlal ye8r, 8nd has chosen 3 worthwhlle
benefactors totalling £55,131.31 induding £50,000 lo Access Plymouth for the purchase of a minlbus.
The gain of rental income has moanl all of the above donations have been made using the accrued
rental incom8 and dlvidends from th& CCLAICOIF investsment.
Cautlon musl be used when usSng our own Inveslmenl income as Ihl8 can be volatile, as It depends
on the stock market gains 8nd108ses.
The £50,000.00 'ring fenced, for Access Plymouth Is to be allocated In 2024-2025.
The building is now 24 years old and this year has had some investment on maintenance and will
requlre some next year. We are oblSged under a ftjll maintsining lease with NHC to keep the building
operation81 for them, 80 we do realise this can sometimes be costsy.
Page 3

The Pearn Charitable Trust
Trustees, Report (continued)
R•seN•s
The Trusl88's policy is to build up an investment basè, whlch ¥￿11 $8cure the future of the buildlngs
and of operatsng as a grant maklng chanty uslng an approprfate proportlon of the Investment and
rentsl Income. The VBlue of the Ilsted Investments at yeBr end were £2,030,548 {2023= £1,862,003)
8nd the day centre w88 carrled al valu8tlon of £375,000 12023.. £375,000). Nel current a88ets for the
year lotalled £73,615 12023.. £10,562). Total reserves amounted lo £2,479,163 whlch th8 trustees
belleve are necessary to generate sufflclent incom8 lo meet ongoing commitmènts.
Flnanclal revlow
The total Incomlng r8sourc8s for 2024 were £82.999 {2023.. £58,639). amounts paid to drlve
tharitable adivities were £37,965 12023.. £47,661), Including repair expen(Jiture of £7.653 12023:
£23,121>, total grants paid out werg £5,131 wth a rgfijnd of £24,981, leaving a balance of -£19,850
12023.. £53,804) and the 8UPPOrt costs for 2024 amounted lo £1,831 {2023'. £1,685).
Statornent of Trust808' ReBponslbllltle•
The Iruslees af8 re8ponslble for propadng the Iru8tees' reFOrt and th6 Ilnanclal 8tatsments In
accordancè with Ihe United Kingdom Accounting Standards Iunlled Kingdom Generally A¢cgpled
Accounting Practice) and Bppllcable law and regulBllons.
The law appllcable lo charllles requlres the InJ8lea8 lo pr8P8re Iln8ndal 81al8m8nts for 88ch flnancl81
year which glve a trua and falr view of the stalè of affalrs of tha charity and of the Incoming resourcgs
And applicatlon of resources of the charlly for thal period. In preparing these financial stslernents, the
Iru$lees are requlred to..
select sultable 8ccountlng pollcles and then Bpply them conslstently
observe the molhods and prlnclples In the Charlll&s SORP.,
make judgem8nls and estimates that are raasonablg ond prudgnl.,
slate whether appllcable accounting stsndards have been followed, subject to any materf81
departures dl8c108ed and explained In the finan&81 sl8lemenls.' and
prepare the ffinancial statements on the going concern h8sls unless11 Is inappropriate lo presume
thgt the charity vlll contlnue in buslness.
The Irnstèes are responsible for keèping proper Accountlng records that dlsclo$e wlth reasorbable
accuracy al any lime the financial position of tha tharily and enable them to ensure th81 the financial
slalemenls comply wlth the Ch8ritles Aci 2011, the Ch8ritles (Accounts and Reports) Regulallons
2008, an(1 the provisions of the constilulion. The trustees are also responsible for safegu8rding the
a88et8 ol the charity and hance for taking reasonable steps for the preventbn and delectlon of fraud
and olhar irregulariti85.
The tru51ees are re
nslble for the m81ntenance ar*J inlegfity of the corporate aNI financAal
Infomialion includ
on
the charttable comp8nls website. Legislation governing the preparation and
dlsseminalion of fina
al stslements may differ from legb518lion in other jurisdidions.
The ann
behoif b
al report
a$ approved by the tnjstees of the charfty on
and signed on ils
lan David Ra
Ch8imian
gs
d Irusl(e
P8ge 4

The Pearn Charltable Trust
Independent Examlnerfs Report to the trustee5 of The Pearn Charltsble Trust
I report to the trustees on my examination of the accounts of The Pearn Charitable Trust for the year
ended 31 March 2024.
Rosponslbllltles and bggls of report
As the charlty Iruslees of The Pearn Charitable Tw5t you aro responsible for the preparation of the
accounts In accordance vlth the requlremenls of the Charilies Act 2011 (Yhe Ad'l.
I r8port in respect of my examination of thè The Peam Charflable TNsV8 8ccounts car￿ad out under
sectlon 145 of the 2011 Act and in caryying out my exarnlnation I have followed 811 th8 8ppllcab4&
Dlrectlon8 given by the Charlty Commlsslon under section 14515llb} of th8 Act.
Ind•p•nd•nt •xamln•r'• Ststernont
I have complelad my examlnalion. I cc¥ffirm that no material matters h8ve come to my attenllon in
connectlon whh the examlnatlon givlng me cause to belleve that In any material respect:
1. #ccounllng records were not kept In respect of The Pe8rn Charitable Trust as r8qulr8d by $8ctlon
130 of the Act.. or
2. the accounts do not accord wth those fecords,. or
3. the accounts do not comply wlth the accountlng requlrements concemlng the forn and content of
accounts sel out In the Charltlas IAceounls and Reports) Regulallons 2008 other than any
requlremenl that tha accounts glve a 'lrue ond falr which18 not a matter con81dered 88 part
of an Independent examlnauon.
I hgve no Mncems and have come 8cro8s no other m8tter8 In connocllon wbth the examln8tlon to
whlch att8nllon should be drawn In th13 report In order to 8n8b16 8 prO￿r understsndlng of the
accounts lo be reached.
Matthew Keane ACCA
Weslcotts (SWI LLP
Plym House
3 Longbridg8 Road
Marsh Mllls
Plyrnouth
Devon
PL6 8LT
Dale..
2.5./712¢...
Page S

The Pearn Charitable Trust
Statement of Financial Activities for the Year Ended 31 March 2024
Unro$trlct•d
funds
Total
2024
Total
2023
Not•
Income and Endowm8nts from:
Rent re(tivable
Investment Inwmo
28.757
54,242
28,757
54,242
4,494
54,145
Total incomé
82,999
82,999
58,639
Expèndlturn on:
Charitable acti￿￿88
19,946
19,946
103,150
Total expenditure
Gainsll08888 on Investment as¥•ts
{19,9461
168,545
119,9461
168.545
(103,1501
73,231
Net incomell8xp8ndlluml
Net movement in fund8
231,598
231,598
117.742
231,598
231,598
1117,7421
Re¢on¢lllatlon of funds
Total funds brought forward
Total funds carrled foTward
2,247,565
2,247,565
2.365.307
13
2,479,163
2,479,163
2 247,$65
All of the ch8rlty's acllvlllas dèrfvé from contlnuing operallon6 durlng the above two perk)d6.
The funds breakdown for 20231$ 8hown In note 13.
The notes on pages 8 to 15 form arb integral part of these financl81 ststements.
Page 6

The Pearn Charltable Tnjst
{Registratlon number: 2•372•)
Balance Sheet as at 31 March 2124
2024
2023
Not•
FSx•d assets
Investments
10
2,405.548
2,237,003
Current agye
Debtors
Cash al bank and in hand
11
791
74,966
75,757
791
11,462
12,253
Credltons: Amount• falllng dua wlthln one year
12
2,142
1,691
Net curranl 8880ts
73,61 S
10,562
Net asset8
2,479,163
2,247,565
Funds ol th• ¢h•rlty:
Unr•$trlcted In¢omg fund8
Unrestrlcted funds
2,479,163
2,247.565
2,247,565
Total fund•
13
2,479,163
Tho fln8nclal 81ate
anil
enl
ign
on pages 6 to 15 w8r• approv6d by thè tnJst6es, and authorised for188u8 on
onlh
ehalf by..
lan Davld Ra￿￿￿ng8
Chalrman and tru
The nol88 on pages 8 to 15 form an integral part of these finonclal statements.
Page 7

The Pearn Charitable Trust
Notes to the Flnancial Statements for the Year Ended 31 March 2024
1 AcGountlng pollclg•
Stst•m8nt ol compllance
The ￿nandal statements have been prepared in 8ccord8nce with the second edition of the Charities
Ststement of Recommended Pracllce Issuod In October 2019. the Financial Reporting Standard
applicable in the Unlled lfjngdom and Republi¢ of Ireland IFRS 102) and the Ch8ri1ies Act 2011.
Basls of preparatlon
The Pe8m Charitable Trust meo18 the definSUon of a public benefft entrty under FRS 102. The
aGcounls Ifinanaal st3temenlsl have been prepared under the hlstorfGo1 cost ￿VentIon with Items
recognlsed at C08t or tran8actlon value unle88 olherwlse ststed In the relevant nolels) lo these
accounts.
Golng ¢on¢ern
The trustees consider that there are no material uncert85nlles about lh& chartys abllty lo ujnlinue as
8 golng concem.
lThcom• and endowm•nts
Investmont Income
Dlvidends are r&cognls8d once the dlvidend has been declared and nollflcallon has been recAlved of
the dividend due.
Exp•ndltur8
All expendlture 18 rèeognlsed once there 18 a legal or conslNctive obllgalion lo that exp&ndllure, It Is
proboble settlem8nt Is requlrecl and the amount csn be measured raliably. Al costs are allocated lo
the applic81Je expendSlure h88dlng that aggregate slmllBr cosls lo th81 category. Where co818 cannot
be dlreclly allrlbulèd lo particular headlngs Ihey have be6n 8llocal8d on 8 t*8sls cons15tenl wtth the
use of resources, wlh central staff costs allocatsd on the basis of time spent, and depreclation
charges allocated on the portion of the asset's use. Other support costs aro allwaled based on the
spread of staff costs.
Charlt•ble Kuvltl
Charltoble expendlture comprfses those cos15 Incurred by the charity in the delSvery of118 8Ctivlties
and servlces for hs benefic18rfes. 11 Includes both costs that c8n be 811ocated dlredy to such actlvlties
and those costs of an indirect nAture necessary lo support them.
Grantpmvislons
Provisions for grants are madè when Intentlon to make a grant has been communlcated lo the
recipient bul there Is uncertainty about elther the liming of thè grant or the amount of grant payable.
Support ¢08ts
Support cnsls include central funclions and have been allocated to activity cost categories on 8 b85iS
consistent with the use of resources, for example. allocating property costs by floor ar68s, or per
capita, staff costs by the Ilme spent and other ￿$1$ by Ihoir usage.
Page 8

The Pearn Charltable Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
(continued)
Taxation
The charlty Is considered to pass the t85ts sel out in Paragraph 1 Schedule 6 of the Finance Act 2010
and Ih8r8fore il meets the dofinib'on of a charitable company for UK corporalion tsx purposes.
Accordingly. the charity Is wtentially exempl from taxation in respect of Income or capltal galns
received within ￿tegor￿S covered by Chapter. 3 Part 11 of the Corwratlon Tax Act 2010 or Section
256 of th8 Taxatlon of Chargeable Galns Act 1992, to the extent that such Income or gains are
applled 8xcluslv8ly to charllabla purpos8s.
Flxed asyet Investments
Flxed asset investments. other than programme related Investments, are InCIL￿ad 8t mafkel value al
the balance sheet dale. Re8llsed gains and losses on Investmgnts are c4lculated as the dlffewnce
betsveen sales proc8ads 8nd their markel valve at the start of the year. or their subsequent cost, and
are chaiged or ugdlted to tha Ststemenl of Flnancial Activities in tho period of dispo$81.
Unrealised gains and losses represent th9 movement in market values durfng the year and are
credited or charged to th8 Statement of Flnondol AcUvlllè8 basèd on thè market value al the year end.
Cash and ca•h equSvalents
Cash and cash equivalents compris8 cash on hand and call dèposlls. and other short-lerm hlghly
Ilquld Investments that ara readlly convert)ble to a known amount of cash and 8r8 8ublect lo an
In51gnfflc#nl rlsk of change In v81ue.
Fund structur•
Vnreslricted income funds are general funds that are available for use at the Iruslees discretlon In
furtherance of the objecllves of the charity.
P•n8lons and other po•t r•tir•m•nt obllgatlon•
The charlty operates a defined conlrtbulion pension 5ch8me whlch Is a ￿nSIOn plan under whlch
fixed c0nlrfbu￿on8 are pald Into a penslon fund and tha charfly has no legal or conslructlve obllgallon
to pay further conlrfbullons even If the fund do8s not hold sufflclenl asyals lo pay all employee8 tha
benefits relalSng to employee S6￿ce In the ¢JJrrenl and pdor perlods.
Contrlbullons lo defined contribuuon plans are rowgnised In the Slalement of Flnanclal Actlvities
when they are due. If conlribullon payments exceed the Contri￿tIOn due for serylce, the exce$8 Is
rgcognised as o prepayment.
Page 9

The Pearn Charitable Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
{contlnued)
Flnanclal In8trum•nts
ClaSBlficatlon
A flnancial as3el or a financial Ilabllty Is recognised only when the charity becomes a paty to th
conlt8clual provt81on8 of tha Instrument.
Baslc Iln8ncial instruments are InlUally recognised at th8 8mount recelvabla or p8yable Indudlng any
latsd transaction costs.
Current 88setg and currant IlabS111ies are subsequently measured at th8 cash or othar consld6ration
expected lo b8 pald or recelved and not dl8counled.
Debt instruments are subsequenuy measured al amortised cost.
Page 10

The Pearn Charitable Trust
Notes to the Financlal Statements for the Year Ended 31 March 2•24
(contlnued)
2 Income from rent recelvable
Unrn•trlcted
funds
General
Total
funds
Total
2023
Mannamead Lawn Tennls Club
Mainlen8nce and recharges
Network He81thcare Lease
3.163
1,313
24.281
3,163
1.313
24,281
28,757
3,163
1.331
28,757
4,494
3 Inv•*tm•nt Income
Unr•strlct•d
fund•
Gen•ral
Total
2024
Total
2023
Interest r8ceiv8ble and 85mllar Sncome-,
Interest reGelvable on bank d8p081t8
Olh8r Income from flxed asset Inv8strnents
101
54,141
54.242
101
54,141
54,242
54.141
54.145
4 Exp•ndlturo on charltabl• ACtlvltl•*
Unrn8trfct•d
fund•
General
Total
2024
Total
2023
Nots
Activities undertaken dlreclly
Grant fundlng of Bdvllies
AJlocal8d 8UPPOrt costs
37,965
119,8501
1,831
37,965
119,850}
1,831
19,946
47,661
53,804
1.685
19,946
103,150
Page 11

The Pearn Charitable Trust
Note8 to the Financial Statements for the Year Ended 31 March 2024
(continued)
S knalyjls of support ¢￿ts
8upport ¢￿ts allocatad ta charltabla aGtlvltlo8
Total
2024
Total
2023
PayToII costs
Independent examlnerfs fee
462
1,369
1,831
366
1,319
1,685
6 Gr•nt4n•klng
knaly•S1 of grnnts
Grants to In•tltutlon•
2024
2023
AThaly81•
Horticultural Thgropy Trust
ymoulh Universille8
5,131
24,981
19.850
4,510
49,294
53,804
7 Tvugt8•• rnmuneratlon and expen9•8
No Iruslees, nor any persons conne¢tgd wlth them, have recelved any remuneration from the charity
during the ye8r.
No trustees hove recelved any relmbursed expenses or any other benefits from the charity during Ihe
year.
Pagg 12

The Pearn Charltable Trust
Note5 to the Financial Statements for the Year Ended 31 March 2024
(continued)
8 Staff C￿18
The aggregats payroll costs wer6 8s follows..
2024
2023
Staff coyts durlng the year were:
Wages and salaries
Social ￿e￿ritY costs
Pensh)n costs
2.165
3,592
9.372
11,124
544
2,798
15,129
14,466
The monthly average number ol persons Ilndudlng s8nlor management I leadershlp leam) employed
by tho charity durlng the year was as follows..
2024
No
2023
No
Averag6 head count of employees
No employee received emoluments of more than £60,000 during tha year
9 Tlxatlon
The chorSty Is a reglst6red charfly and Is tharefore 8x8mpl from taxallon.
10 Flx•d J•¥•t Inv•¥tmontJ
Ll81od
Inv••tm•nti
Inve8tm•nt
Proport1••
Total
Cost or Valu•tlon
At 1 April 2023
Revaluatlon
1,862,003
168,545
375,000 2,237,003
At 31 March 2024
2,030,548
375,000 2 405 548
Net book valu8
At 31 March 2024
2,030,548
375,000 2,405,548
At 31 March 2023
1,862,003
375,000 2,237,003
11 Debtors
2024
2023
Prepayments
791
791
Page 13

The Pearn Charltable Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
(continued)
12 Credltors: amounts falllng duè whhln one yèar
2024
1023
Other cred51ors
Accruals
300
1,842
1,891
2,142
1,891
13 Fund•
Balan￿ at
1 Aprll
2023
Oth•r
Incamlng Resou￿￿1 rocognlsed
r•source8
•xpend•<¥•lnsl{los•e•l
Balanc• at
31 March
2024
Unro8trlct•d fund•
Gener81 Funds
2,247,565
82,999
6.982
168,545
2,492,127
Balanc• at
1 Aprfl
2022
othor
Incomlng R•#ourc￿ rncognlsfjd
re•ourc••
•xpondeOJaln•l(losg0•)
Balance at
31 March
2023
UTrr•strl¢tsd fund•
General Funds
2.385,307
99,808
73,231
58,639 2,250.907
Page 14

The Pearn Charltable Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
(contlnued)
14 Analy818 of net a8881s between funds
Unrnstrlcled
funds
Genoral
Total funds
at 31 March
2024
Frxed asset investments
Current 8ssets
Currant Ilabilitie8
2,405,548
75,757
2,142
2,479,163
2.405,548
75.757
2,142
Tot81 nal assets
2,479,163
Unrn#trlct•d
funds
Gen•ral
Total fund•
at 31 March
2023
Fixed asset Inv8Stm8nts
CUr￿n1 888el8
Current Ilabilltias
2,237,003
12,253
(1,6911
2,237,003
12,253
1,691
Total nat 888813
2,247.565
2.247,565
15 Relat•d party tr•nMGtlons
There were no related porty transoctions In the year.
Page 15