REGISTERED COMPANY NUMBER: 00593444 (England and Wale81
REGISTERED CHARITY NUMBER: 203774
Re
Trustaes and
Unaudited Flnancial Statements
Year End8d 31 December 2023
for
The Pl
mouth Barblcan Trust Llmited
Northcott Trumfield Chartered Accountants
Devonshiie Villa
52 Stuart Road
Plymouth
D8vDn
PL3 4EE

Th• Pl
mouth Barblcan Trust Llmlted
Contents of the Flnanclal Statements
For The Year Ended 31 December 2023
Page
Report ofthe Trustee
1 10 3
Independent Examiner's Report
statsment of Financlal Activitios
Balance Sheet
Notes to the FirAncial Statements
7 to 13
Dotalled Statement of Flnancial Aotivitiè8
14

The Pl
mouth Barblcan Trust Umlted
Re
ort of the Trustees
For The Year Ended 31 December 2023
The trustees who are also directors of the charity tor the purpose8 of the Companies Act 2008, present their report with
the financial slatem8nt$ of the charity for the year ended 31 December 2023. The trustees have adopted the provisions
of Accounting and Repc)rting by Charities.. Statement of Recommended Practice applicable to charities preparing their
accounts in accordence wfch the Financial Reporting Sta￿ard applicable in the UK and Republic of Ireland IFRS 1021
(effective 1 January 20191.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Plymouth Barbican Trust Limited is required by charity and company law to act within the objectives of its
Memrandum of Association. Its principal objects are'to acquire land and buildings of historic or architeGtural value and
interest in the City of Plymouth and lo maintain. preserve, improve, manage and develop such assets,.
The Directors have referred to the guidance contained in the Charity Commissions general guidance on public benefiL
Public benefit
The Plymouth Barbican Trust Limited acquires Properties of historic nature v41thin the aty of Plymouth. This includes
some twenty properties in the historic Barbican area of Plymouth, and despite required refiJrbishment of buildings this is
afvrfays with the preservation ol ihe hisloric area in mind.
South West Image Bank {SWBI was set up in 2007, to create a fulw accessible on-site and on-line gallery, shop and
search suile.
This has been designed to accommodate all audiences from school groups, families, tourists, local
history swieties and other students. SWIB also geeks lo interact with the general public and has doveloped a series of
items to complement the photographic records entrusted to the archive. In addtbon lo SWB'S ongoing preservatton Bnd
8CC8ss work, lh8 archiv8 has also coordinated 8 séries of projecis to furthèr eomplemènt th8 bènefits to learning which
li6s at the core of all their outreach objectives. SWIB has also deva10￿d a living arehivè body ol work designed lo
enwurage people lo deposit their own ¢ontempoRry Images whl¢h ¢an be presenjed as archives for the fLrture.
In 2017, The Board mad8 th8 decision lo loan th8 SWB wll8clion in its entirety lo Ptymouth City Council a8 Part of Th8
Box projéct for an initial pèriod of twénty fivè yeats. Thèré havè been no changes to these arrangements thi8 year.
Plymouth City Council The Box has shaied objeclwes for the collection being freely available for viewing to the general
public. The Box provKle periodic feedback and updates loTr The Board on the collection.
The Trustees have had regard to Charity Commission guidance on public benefrt.
ACHIEVEMENT AND PERFORMANCE
Charltablè activltl&s
The charity currently holds prop8rties of histori¢ interest which il r8nts to commercial ané private individuals. The
financial statements for 2023 Include on90ing routlne malnlenan¢e, presenJaUon and management of such propertie$.
The day to day management of the propert18s is carii8d out by Stratton Creber Commercial. They carry out an annual
assesgménls on bèhalf of thÉ eharily of thè works rèquirèd to rnainlain all properbes, heving due consideration for the
needs of thè lenan18 and preservation of their hisltsric81 import8n¢e. Propèrty reports are presented to the Board 8t
Board meetings for consideratioTrn. Works this year include maintenance WOT*s al the Elizabethan Gardens. The Board
assess each project with a need to balan￿ the requirement of tenants with preservation of the historic area.
The Property Committee continue to meet and review any possible property acquisitions that fit in the remit of our
portfolio aims.
The Ptymouth Barbican Trusl Limited retains ownership of the SWIB ¢ollection bul has loaned the collecbon in it's
entirety to Plymouth City Council ftsr an initial term of twenty five years.
Plytnouth City Council look over the right to
conserve, manage and use SWIB colleclion and use the collection for the same charitable aims as us throughout the
loan pèriod to Continuè to act as 8 visual mèmory of tha communty. Se￿$S1b1& by th8 gen8r81 publi
FINANCIAL REVIEW
Investmgnt policy and obig¢tivg
An investment review was carried out by the Board during the year. The management committee has considered the
most appropiiale policy for investing funds. and has found Ihet spreading funds across relalively liquid or shc)rt notice
accounts. togelher with bank current accounts meets their requiremenls. Funds have been invested in new accounts
with a view to achieving a financial retum through interest. A certain amount of fvnding needs to be available on a daily
basis and the directors consider the return that they receive on their investments to be satisfactory and low risk as
quired. These are rellecied as cash at bank in the financial statements.
Page 1

ThePI
mouth Barblcan Trust Llmltsd
Re
rt ol the Trustees
For Tho Year Ended 31 December 2023
FINANCIAL REVIEW
Reserves policy
It is the policy of the cornpany to try and m8int8in a lévèl of frèè rèsèN8s. that are those unrestricted funds which are not
invested in fixed assets, designated for a sp¢¢ifi¢ purpose or olheN4se commilt8d which meet the cost of the Trusys
govemance and the level of its preservation policy within its available budgel. The Trustees opinion is that this lÈv81 of
reserves would be adequate lo maintain unint6rrupted se￿￿eS in the event of a m8lor loss in funding.
There aré no res&rve funds which ar8 of a designated nature.
Al 31 December 2D23 the level of ￿SeNe$ total £3,144.456 ol which £2,895,0￿ re￿gents thé carryirrtJ value of
properties. £449,456 (2022.. £377.4971 free reserves therefore reprèsents funds held to cover rna1ntenan￿ a
prèsèNation costs of such buildings held.
The Board also have a longer tem objective to acquire additional prop8ttiès should suitabl8 onès become available
which ffit the current aims. In order to do 50 It will be necessary to build and hold free reserves.
FUTURE PLANS
The charity aims to continue to preserve il's existing portfolio of properties. Th8 8oard IS 8hM8ys rÈvi&wing potential for
new property acquisitions.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Govèrnlng documont
The Plymouth Barbican Trust Limited is a charily registered with Ihe Charity Commission in England and Wales No
203774. Formedy known as The Plymouth Barbican Assouation ￿mIted, the wmpany changèd its n8m6 to The
Plymouth Barbiean Trust Limited on 13 April 2011. The company is limited by guarantee, has no share capital and its
registered number is 00593444. In the event of the company being wound up, the liability ol eath member 15 limrted to
£1. The company was incorporated on 11 November 1957 and is It is govemed by ils Arbdes of Association of this
date. Now Art*GI¢s ofAs5g¢ialion wore approved by the Board on 20 June 2019.
Recruitment and appolntmont of new trustsas
The directors shall carry out the election of the officers at the Annual Genernl Meeting. Nominations 8h811 be made in
wrfting. Each nomination must be proposed and seconded by a director of th8 cofflpar)y and accompanied by the
wiitlen consent of the nominee. New directors are inducied into the workings of IhÈ charity during m88tings held.
Directors are recruited to provide the specific skills and experience required to govern the Trust. They are provided with
regular internal and external information relevant to the Trusys governan￿, including visits to the TIu5t's properties as
necessary.
Organisatlonal structure
Overall responsibility for the management of the Company is vesled in the diiectOTS. The Company holds al least three
committee meetings during the year. These meetings we organised by the direGtors tr) continue with Ihe work
necessary to maintain the objects of the tharily. The directors of the compa¥ry, who are th8 charity trusteès, fomi the
Plymouth Barbican Trusvs Council of Management. They are required lo rètirè ÈvÈry thrèè years and may offer
themselves for re-appointment.
On a day to day basis the charity is mana9ed by the company secretary Jame8 GTOV88.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00593444 (England and Wales)
Rggistsrgd Charity numbor
203774
Règisterèd officè
75 North Hlll
Plyrnoulh
Devon
PL4 8HB
Page 2

The Pl
mouth Barblcan Trust Limited
Re
ort of the Trustgos
For The Year Ended 31 December 2023
Tru$tges
A P Golding
RDBay
D E Buckinghsm
P R Burrows
M J Coles
E C Keast
C Robinson Chairp8rsoin
W Scutt
KCHood
C H Theyer
R J Atkinson l&ppoinled 11.12.231
Company S•crètsry
J A Groves
Independent Examiner
Guy Northeott
Northcott Trumfiold Chartered Accountants
Devonshire Villa
52 Stuart Road
Plymouth
Dèvon
PL3 4EE
Sollcltor8
WolfeTslaTrs
Deptlord Chambers
60164 North Hill
Plymouth
PL4 8EP
Property Con¥ullants
Stratton Crsbèr Commerc4al
Farrér Court
75 North Hill
Plymouth
PL4 8HB
This report has been prepared in accordance with the speryal provisions of Part 15 of the Companies Act 2006 relating to
small cornpanies.
Approved by order of th
rd of Irust8&s on ....
1.2/91.1.4............
atKI signed on its behalf by..
C Robinson- Trustee
Page 3

Inde
endent Examinetrs Re
ort to the Trusteeg of
Thè Pl mouth Barblcan Trust Limited
Indopendent exarnlne¢s ￿pOrt to the trustees of The Plymouth Barblean Trust Limlted I'the Company'l
I report toTr the chaTity tmstees on my examination of the accounts of the Company foi th8 yèar ended
31 Decemb8r 2023.
ResponslbllltSes and basls of report
As the Ghaiity's trustees of the Company {and also its dirèctors for the purposes of company lawl you are responsible for
the preparation ofthe account5 in accordance with tho requlrements of the Companies Act 2006 Cthe 2Q06 Act'l.
Having satisfied myself that the accounts of the Company are not required to be auditsd under Part 16 of the 2006 Act
and are eligibl& for independent examin8tion, I rèport in respect of my examination of charity's accounts as carried
out under Section 145 of thè Charities Act 2011 I'the 2011 Act'l. In carrying OLrt my examination I have followed the
Directions given by the Charity Cotnmission under Section 145151 Ibl of thè 2011 Act.
Independent examinerfg ststemant
I have completéd my examination. I confim that no Matte￿ have come lo my attention in connection with the
exarninalion glvlng me cause tg believe..
accounting re￿rdS were not kept in respect ofthe Company as reqtjired by Sedlon 386 ofthe 2006 Ad,. trr
the accounts do not accord with tIKse records,. or
thé aceounts do not comply with the accounting requirement8 of Section 396 of the 2006 Act other than any
requirgmenl thal the ?￿ounts give a true and fair viéw which is not a matter considered os part of an
independent examination,. or
the accounts have not bèan prepared in accordance with the methods and principl&s Df Ihe Slalemenl of
Recornmendèd Practice for accounting and reporting by charities (applicable to charities preparing their 8¢¢ounts
in accordance with tho Flnan¢lal Reporting Standard applicable in the UK arKI Républic of Ireland {FRS 102)).
I have no concerns and have come acrts￿ no other malters in connection with thè examina15on lo which attention should
be drawn in this report in ord8r to Énable 8 proper understanding of the accounts lo be reached.
Guy Northcott FCA
Institute of Chartèred Accountants in England and Wales
Northcolt Trumfield Ch8rtgTed A¢¢ounlanls
Devonshire Villa
52 Stuart Road
Plymouth
Devon
PL34EE
Date..
12
Pag04

The Pl
mouth Barbican Trust Limlt•d
statement of Flnanclal Actlvlties
oratin
an Income and Ex
enditure Account
For The Yoar Ended 31 D•c•mb•r 2023
Incor
31.12.23
Unrestrieted
funds
31.12.22
Total
funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income
198.445
206,758
EXPENDITURE ON
Raising funds
39.723
54,048
Charltable actSVities
Preservation of historic property
100,538
Total
126391
Nel gainsll1088es) on investments
951
15,885
NET INCOME
71,959
68,057
RECONCILIATION OF FUNDS
Total fund8 brought forward
3,072.497
3,004,440
TOTAL FUNDS CARRIED FORWARD
56 3.072.497
CONTINUING OPERATIONS
All income and expéndituré has 8risan from (x)ntinuing aclwilies.
The $18lem&nl of fin8ndal activ11ies includes all gains 8nd losses recognised during the year.
The noles lomi part of ihese fin2nci81 statèmants
P￿￿5

The
mouth Barbiean Trust Llmlted
Re
Istored
umb
0593444
Balance Sheet
31 Dècambèr 2023
31.12.23
Unrestrl¢tsd
funds
31.12.22
Total
funds
Notes
FIXED ASSETS
Heritage assets
Investment property
20.000
2,675,000
20,000
2,675,000
2.69S.000
2,895,000
CURRENT ASSETS
Debtors
Investments
Cash at bank and in hand
10
171,823
2,605
142,694
2,700
265,968
479,305
411,362
CREDITORS
Amounts falling due within one year
12
129,849)
133,865)
NET CURRENT ASSETS
449,456
377 497
TOTAL ASSETS LESS CURRENT LIABILITIES
3.144,456
3,072,497
NET ASSETS
3 144 456
3.072 497
FUNDS
Unrèslricted lunds
13
3 144456
3.072,497
TOTAL FUNDS
3 144 456
3.072,497
Th8 charitable company is enlilled to exemption frgm audit under Section 477 of the Companie8 Act 2tK6 for the year
onded 31 December 2023.
Th6 mèmbèrs have not rsouir8d th8 company to obtain an audit of its financial statements for tho year ended
31 December 2023 in accordance with Section 476 of the Companiès Act 20C6.
The trustees ad(nowledgB Ih¢ir iosponsibililios for
lal
ensuring that the charitsble eompany keeps accounting records that CoM￿Y with Sections 386 and 387 of the
Compsniès Aet 2006 and
preparing finan￿￿[ slÈlèments which givè a truè and f8ir view of the state of affairs of the charitable company as
al the end of eath ffinancial year and of ils surplus or defiGil for oach financial year in accordance with thè
requirernents of s￿tions 394 and 395 and whiGh otherwise Gomply with the requirements of the Companies Act
2006 relating to ffnancial slalements, so far as appIl￿b]e Ic> the charitable company.
Ib)
These financial statements have been p￿pared in accordance with the prt)vSslons applicable to charitable companie8
subject to the small companies regime.
The financial state
..1 L/.?/p.LJ..
were approved by the Board of Trustèès and authorised for issue on
and were signed on its behalf by.
C Robinson- Trustee
The not¢s form part of thes¢ financial statements
Page 6

The Pl
mouth Barbican Trnst Limitad
Notes to the Finaneial Statamants
For The Year Ended 31 December 2023
ACCOUNTING POLICIES
Basls of pr6parfng the financSal statements
The financial statements of the charitable company, whiGh is a public LEnefit entity under FRS 102, have been
prepared in accordance with the Charities SORP IFRS 11)21 Aecounting Ènd Reporting by Charities.. Statement
of Recomm&nded Practice applicable to charities preparing th8ir accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (Second edition-oclober 2019)
(effedive l January 20191., Financial Reporting Standard 102 'The Financial Reporting Stsndard appllcable in the
UK and Republic of Ireland, and the Companies Act 2006 and UK Generally Accepted Accounting Practice. The
financial statements have bèen prepared under the historical eost Convention, as modifjed by th@ revaluation Df
certain assets.
The charity is limited by guarantee. incorporated in England in the UK. The regisIoTed office is 7S North Hill.
Plymouth. PL4 8H8.
These finanei81 statèments for the year-ended 31 Decembèr 2023 comply with FRS 102 Th& Financial Reporting
Standard appliGable in the UK and Republic of Ireland. The th?ttty ha5 tskBn advanlage of the disclosure
exemption to section 7 and does not include a cash low stslement.
Thé financial st8tÈments arè prèp8red in sterling which is thè function81 currew of the eharity 8nd rounded to
the nearest £1.
The trustees considei there are no material Un￿rtainlig5 about the charity's ability lo continuè as B going
concern. These financial slal8ments ale pr8paied on a going concem basis.
Thè significant a¢¢ounting policiès applied in the preparation of these financial stslements afft sel out below.
These policies have been consi51enlly applied to all yearB presented unless olhgTwise slated.
Crltlcal accountlng esllmaies and judgements
Key estimate is carrying value and revaluation of investment properties which are held at market value. The
trustees review the market value in the financial statements annually, and obtain periodic assessrnent of market
value from a firm of professional chartered surveyors to provide their view and estimate of the PTDperty
valuations. The last professional valuatlon was carried otjl In 2022.
Provisions for doubtFul debt are calculated and Included based upon by the property SU￿￿0MmIttee review of
récovèrable debt. Estim8t8S 8r6 includéd b8sÈd on débts more than thrè8 months old. No general prcivisions
are IndLKSéd.
Income
All income is recognised in the Statement of Financial Activi118s once the tharity has enbl]8m8nl lo the funds, it is
probable that the income will be recewed and the amount can be measured reliably.
Rental income is recognised over the term of the lease. Income received in ￿Vance is deferred and recognised
over the period it relates.
Expenditure
Liabilities are recognised as expendiiure as soon as fhère is a legal or constwctive obligat￿n committing the
charity to that expenditur8, It is probable that a transfer of economic benefits will be required in settlement and
thè amount of thè obligation can bè mèasur6d réliably. Expènditur6 is 8ccounl&d for on an 8ccru8ls basis and
h88 bgen classified under hoadings that a99reg*e all Gosl related lo the cal¢g0ry. Wher¢ Gosls cannot be
iredly allribuled 19 partiGular heading5 they have be¢n allocated to aclivrties otl a basis collsistent with the use
of r8sDureés.
Heritage atsset$
Heritage assets comprise solely of an Elizabethan Garden in the Barbican area of Plymouth which has be¢n h¢ld
for more than five years. This is held at market value with no provision for depreciation as the valuation is
reviewed with sufficient regularity. Free aC￿sS is provided to the general public all year round belween 0900 and
1700 hours.
The charity also owns a collection of images which has been gifted to the charity but these are not included in the
balance shèet as the cost of valuing the library of imag&s in various mediums and conditions is not deemed
mm?nsurate with the benefit derived from the useis of the ￿nancIal slat¢menls.
Page 7
continued..

ThePI
mouth Barbi¢an Trust Llmlted
Notes to the Financial Statements - continu
For The Year Ended 31 December 2023
ACCOUNTING POLICIES-continued
Investment property
Investment properties con51Sts of a collection of historie buildings dating from the Elizabethan period in the
Barbican a¥Èa ol Plymouth and are let under commercial and private tenancy agreements. These aTe not
available for public a￿$S internally and therefore the properties are classified under the SORP as investrnenl
properti8s.
The properties are held al market value. The Directors are of the opinion that the Trust's propejties aw kept In
such a slate of repair that they consider that no provision for d8preciation need be made.
Taxation
The chartty is exempt from corporation tax On its charitable activities.
Fund accounting
Unr8slricted funds can b8 used in accordan￿ with the charitabl8 obj8clive8 at the discretion of the trust88S.
Restricted funds can only be used for particular re8tricted purposfjs within the objocts of th¢ charlty. Restrictions
arisg when speci*ed by th8 donor or when funds are raised for partiwlar resltid¢d purposes.
Financial instruments
The trust only has ffnancial assels and financial liabilities of 8 kind that qualify as basrc financlal inslrum¥nls.
Basic financial instruments are initially recognised al transaction value and subsequently tTEasured al thpir
settlement value.
Debtors
Rent and other debtors are recognised al the settlement amount due after any discount offemd.
Creditors and provisions
Creditors are recognised where the charity has a present obligation resulting fiorn a past evènt that will probably
resum in the transfer of funds to a third paty and the amount due to settle the oblig81ion can b¢ measurod or
estimated reliably. Credilors are rec4Jgnised at their settlement amount.
Deferred income is recognised in current liabilities to recognise r8nt income over the period it rèlates.
Investments
Investments are held in fisted UK holdings, and are held at their market value al each repwting dale.
INVESTMENT INCOME
31.12.23
31.12.22
Rents receThied
Deposit account interest
Dividends
191440
5,874
131
206,264
388
106
198,445
2[￿,758
Page 8
contlnued...

The Pl
rnouth Barbican Trust Limitsd
Notès to the Financral Statements - continued
For Thè Yèar Endèd 31 December 2023
RAISING FUNDS
Investment management costs
31.12.23
31.1222
Propety management fees
Cleaning
Rates and water
Light & heal
Legal and professional fees
Bad debts
17.640
1,475
5.746
687
10.982
3,193
18,836
1,032
3,131)
852
4.154
26.044
CHARITABLE ACTIVITIES COSTS
31.12.23
31.12.22
PrÈsèNstion of historical properties
Building rnaintenancè
Elizabeth Garden upkeep
Insurance
Govemance costs
38,809
4,811
26,482
16.567
58.065
6.270
21.058
15,147
86,669
100,538
NET INCOMEIIEXPENDITURE)
Nel incomellexpenditure) is staled after chargingllcrediting)..
31.12.23
31.12.22
IndeFendent exarninotion costs
1,300
TRUSTEES. REMUNERATION AND BENEFITS
There were no Iru8tees' remuneration or other benefits for the year endÈd 31 December 2023 nor for the year
ended 31 Decetllber 2022.
Trustèes. expenses
D Buckingham and C Robinson were ieimbursed for expenses during the year as follows".
2023
2022
Travel
Printing. postagè, stationery
Meetings
Telephone & IT
Staff and volunteers entertainment and gifts
235
91
253
270
47
247
110
37
325
49
Total
896
768
P8g8 9
continued...

The Pl
mouth Barblcan Trust Llmlted
Notes to the Financlal Statemènts - Continued
For The Year Ended 31 D¢cember 2023
FINANCIAL INSTRUMENTS
The carrying amounts of thè company's financial insltutnents are as follows:
2023
2022
Financial a$$ots
Measured at fair value through net income l expenditure
Current 88set listed investments
Debt inslTuments measured at amortised (osl
Trade debtors
Prepaymènts
Cash 81 bank
198,730
2,331
304.879
166,736
2.003
265,967
Financial liabilitlès
Measured al amortised cost
Trade creditors
Accruals and deferr8d income
Accrued expensÈs
VAT
3,390
18,543
3,454
8.478
18,675
3,535
7.639
HERITAGE ASSETS
Tf)tal
MARKET VALUE
At 1 January 2023 and 31 December 2023
20,0(￿]
NET BOOK VALUE
At 31 December 2023
At 31 December 2022
20,000
Heiitage as5els, comp￿se sotety of an Elizabethan Gardan at 34 New Street, Th6 Barbican, Plytnoulh which
dates to the 16th Century. Thè small walled garden contains low box hedges and flora of the Elizabethan period
and has cobbled paths with old stone seats. The garden is maintained throughout the year. The Gardén was
revalued by Slratton Creber Commer¢lal In 2022 to an unchangèd open market value of £20,000 sincè 2017.
The charity owns, or looks after on l(>an, a collection of over 170 indwiduals collèctions induding dose 19 one
million negatives dating back lo Ihè 1870's known collectivety as Soulh West Image Bank (SWIBI. The colleGtions
were gtfted to the charity since 2007 and have no value in the balance sheet as the cost gf valuing the collection
in various mediums and condition8 is nol deetned commensuraté with the benefit derived from the usérs of the
financial statsments. Over the years the charity has undertaken to store the images digitally and keep the original
mediums in good order. In 2017 the charity entered an agreemonl lo loan the SWIB collèction to PlymoLrth
Museum GalleiiBs Archives lo managè, digit81ise and maintain ft>r public viewing as part of the Ptymoulh city
Council The Box, project as referred to In the public benefit section of thè Trustees report on page l.
Pag8 10
conllnued...

Thè Pl
mouth Barbican Trust Llmlted
Notes to the Financial Ststements . continued
For The Year Ended 31 De¢ember 2023
INVESTMENT PROPERTY
FAIR VALUE
Al 1 January 2023
and 31 De￿mber 2023
2 675 000
NET BOOK VALUE
Al 31 De￿mber 2023
2 675,000
Al 31 December 2022
2 675,000
Investment properties wnsist of a collection of historic buildings dating from thè EIiz8bethan period, not available
for public access Inter￿llY and thetefore the properties are classrfied under the SORP as irtvèslmenl propÈrtiÈ8.
The TrusY8 freehold properties wèré rèvaluèd by Stratton Creber Commeraal, Chart¢r¢d Surv¢yors, al 31
October 2022. In their opinion, the open market value ofthe propertiès at that date w8s £2,675,WO_
The Directors ar& of the opinion that this value remains appropriate market value ol the buildings.
The hislorfcor cost figures including reversions are £422.054.
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Trad¢ doblors
Other debloTS
Pr8paymenl8 and accrued income
42,614
126.878
2,331
58,834
83,857
2.003
171823
142,694
CURRENT ASSET INVESTMENTS
31.12.23
31.12.22
Listèd invèstments
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE Y&4R
31.12.23
31.12.22
Trade creditors
VAT
Accruals and deferred income
Accrued expenses
3.390
8.478
18.543
7.639
18,675
3.535
29,849
33,865
Defèfféd income relates lo rental income recognised over the lease contract period.
Deferred income reconciliation..
31.12.23
31.12.22
Balance broU￿t forward
Amount released lo statement of financi818ctivilie8
Amount deferred in thè year
18,543
18,543
18.675
17,716
17,716
18,543
Balance carried tO￿ard
18.675
18,543
Page 11
continued..

The Pl
mouth Bart)Ican Tru3t Limited
Notè$ to thè Flnanelal Statements - conlinued
For The Year Ended 31 December 2023
13.
MOVEMENT IN FUNtk8
Net
movement
in funds
Al
31.12.23
At1.1.23
Unr•strlct•d funds
General fund
Revaluation ￿Serve
799,551
2 272 946
71.959
871.510
2.272.946
3,072,497
3 144,456
TOTAL FUNDS
3 072,497
3.144.4S6
Nel movement In funds, Included in Ihe above are as follows.
Incoming
resources
ResourTrs
expended
Gains and
losses
Movement
In funds
Unrgstrlctgd fund
Gener81 lund
198,445
126.391}
1951
71,959
TOTAL FUNDS
198,445
126 391}
951
71,959
Comparatives for movement in funds
Net
movement
In funds
At
31.12.22
At1.1.22
Unrestricted funds
General fund
Revaluation r8serve
747,854
2,256,586
51,697
16.360
799,551
2 272 946
3,004,440
88,057
3,072,497
TOTAL FUNDS
3,004,440
68,057
3,072,497
Comparafjve nel movement in funds, included in th8 above are as follows..
Incoming
resources
ResOur￿S
oxpended
Gains and
losses
Movem8nt
in funds
Unrestrlctsd fiJnd$
General funtj
R9valuatson résèrve
206,758
(154.5861
1475)
16,380
51,697
206,758
154 586)
68.057
TOTAL FUNDS
206 758
154.S861
15,885
68,057
General funds are held to cover maintenance and pr8s8rv8tion costs of the historic buildlngs It holds.
Included within general funds is the revaluation rgSOtve of £2.272.946 (2022". £2.272.946}.
Page12
continue(l...

The Pl
mouth Barblcan Trust Llmlted
Notes to the Flnaneial Statèmènt8- contrnuèd
For Th• Yèar Endèd 31 Daeèmbèr 2023
14.
RELATED PARTY TRANSACTIONS
J Groves secratary of The Plymouth Bart)ican Trust Limited has an èquity intérèst in Bromhe8d Limit8d 8
company whiGh provide$ secretarial and accounting $oNi¢e$. which was paid £11.300 12022 £11,092). The
amount outstanding al 31 Decetnber 2023 was £Nil12022 £3,390}.
C Robinson a director of The Plymouth Barbican Trust Limitèd. leasès 34 Nèw Strèel and spacè B 41-42 New
Street. The rentals due for the year wèrè £8,300 12022." £8,1501- Thè amount outstanding Èt 31 Dècèmber
2023 was £1.850 {2022.. £1,850)
The Trust purchases indemnity insuraneè to protèct ttsèlf and its dirèctors from loss8s arising frotn any wrongful
act of its dirèctors and to indemnify thèm against their légal liability ariging from any claim against thèm. Thè
¢ost ofthls insurance £1,15712022.' £9721 has been charged lo supptsrt costs.
Page 13

ePI
mouth Barblean Trust Llml
Detailed Stalement of Financial Actyvltles
For The Year Ended 31 December 2023
31.12.23
31.12.22
INCOME AND ENDOWMENTS
Invgstsnont incorn8
Rents rÈcèwed
Dèposit acwunl interest
Dividends
192,440
5,874
131
206,264
388
106
198,445
206,758
Total incoming rèsoureèj
198.445
2Q6,758
EXPENDITURE
Inveytmènt managèmènt ¢o$ts
Property management fees
Cleaning
Rates and water
Light & heat
Legal and professional fees
Bad debts
17,640
1,475
5,746
687
10.982
18,836
1.032
3,130
852
4,154
26,044
39,723
54,048
Support costs
Management
Property repairs
Insuran
Sundries
Bank charges
43,620
26,482
1,182
531
64.335
21,056
974
41
71.815
86.408
Governance costs
Independent examination costs
Secretsrial services
Trustee expenses
Trustee insuran
1,500
11,300
896
,157
1,300
11.092
768
972
14.132
Total resources expended
126.391
154,586
N•t In¢om¢
72,054
52,172
This page does nol form part of the statutory financial statements
Page 14