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2024-03-31-accounts

TRUSTEES & ACTIVITIES REPORT 2024

Plymouth Athenaeum

Email: info@plymouthathenaeum.co.uk Tel: 01752 266079 Website: www. plymouthathenaeum.co.uk Derry’s Cross, Plymouth, PL1 2SW

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TABLE OF CONTENTS

OUR MISSION __________ 3
Research, study and discussion _______ 3
Meetings, lectures and dissemination of information _________ 3
Writing, printing, filming _______ 3
Libraries, activities and research ______ 3
OUR HISTORY _________ 4
Foundation ___________ 4
The Blitz _____________ 4
From the Ashes _____________ 4
The Library ___________ 4
BUILDING NEWS ________ 5
Activating the Athenaeum ____________ 5
High Street Heritage Action Zone (HSHAZ) __________ 5
Management __________ 6
Art facilities re-opened ________ 6
Anti-Social Behaviour _________ 7
MANAGEMENT
8
Trustees, committees and positions __________ 8
Financial Report _____________ 9
Membership __________ 9
Statement of public benefit ___________ 9
Obituaries ____________ 9
ACTIVITIES ___________ 10
Art Group ___________ 10
Astronomy Group ___________ 11
Climate Emergency Group __________ 11
Documentary Zone __________ 12
Lectures ____________ 12
Literature Group ____________ 14
Photographic Group _________ 16
Writers’ Group ________ 16

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OUR MISSION

Research, study and discussion

Promote the cultivation of useful knowledge, to encourage habits of research, and to afford opportunities to persons of various pursuits to study and discuss with each other any scientific, literary or artistic subject.

Meetings, lectures and dissemination of information

Hold, conduct or promote meetings, conferences, lectures, exhibitions or training courses and to disseminate information to publicise the work of the Charity and other organisations operating in similar fields, and to disseminate cultural, artistic and scientific knowledge.

Writing, printing, filming

Cause to be written and printed or otherwise reproduced and circulated, gratuitously or otherwise, periodicals, journals, magazines, books, leaflets or other documents, films, recorded tapes or materials reproduced on electronic media.

“Promote the cultivation of useful knowledge, to encourage habits of research, and to afford opportunities to persons of various pursuits to study and discuss with each other any scientific, literary or artistic subject.”

Libraries, activities and research

Form and carry on libraries, collections and museums and to present displays and exhibitions. Form and carry on sections of the Charity devoted to particular branches of literature and the arts, science and technology. Promote or carry out research and disseminate and exchange the results of it.

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OUR HISTORY

Foundation

The Society was founded in October 1812 as the Plymouth Institution. Architect and founding member, John Foulston, designed the building that would become the permanent home of the Society. ‘The Athenaeum’ had a classical Greek-style facade and opened in February 1819. The Institution strengthened through mergers with the Devon and Cornwall Natural History Society (1851) and the Plymouth Mechanics’ Institute (1899).

The Blitz

Foulston’s original ‘Athenaeum’ was a victim of the Luftwaffe during World War Two. It was destroyed during the Blitz on the night of 21-22 April 1941. The damage resulted in the loss of the Institution’s library, art and museum collections. A ‘homeless’ period of 20 years followed with the Institution basing itself at 13 Alexandra Road, Mutley, and holding meetings and lectures in venues including the city museum.

From the Ashes

The Institution was renamed the Plymouth Athenaeum when it moved into its present building in June 1961. It is located on almost the exact location of Foulston’s pre-Blitz original.

The Library

Before the Blitz, our library housed more than 10,000 volumes. The library was restored as part of the rebuilt Athenaeum in 1961.

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BUILDING NEWS

Activating the Athenaeum

During 2023/24 we began collaborating with WonderZoo Arts and Plymouth South Enterprise Network on a Plymouth Octopus Project (POP) funded Activating the Athenaeum feasibility study, part of our ongoing strategy to create a viable future for the sustainable operation of the Athenaeum building.

The first Activating the Athenaeum members and stakeholder events took place in February and March 2024. The feasibility study will facilitate further progress in making the building a sustainable, vibrant and community-focused arts, culture and learning centre in

the heart of Plymouth.

High Street Heritage Action Zone (HSHAZ)

During 2023/24 we undertook façade improvements works to the Plymouth Athenaeum building. The works were part funded by the award of a grant, facilitated by Plymouth City Council, of £86,194 from Historic England.

The works, which were close to completion at the end of March 2024, were undertaken by Sanderson Construction Group with support from our professional advisers, architects Studio Skein and Gates Consultants.

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Final completion of the works was delayed by vandalism damage to the front of the building in January 2024 (see Anti-Social Behaviour Report on Page 7).

The HSHAZ works included:

The Plymouth HSHAZ programme – ‘reinvigorating the Abercrombie Estate' – was a fouryear programme celebrating, enhancing and adapting the city centre's post-war heritage and making it a more attractive, engaging and vibrant place for people to live, work and spend time.

Managed by Plymouth City Council and Plymouth Culture, with support from The Box and Plymouth Octopus Project, the scheme was part of a £95 million government-funded programme delivered by Historic England to unlock the potential of 60 different high streets across the country.

Building management

The Board would like to thank the Building & Maintenance and Health & Safety teams for their ongoing work to make the ensure that the spaces open within and outside the Athenaeum, including car parks, are fit for members and building users.

The team - Roy Hexter, Ian Manning, David Ryles and Owen Ryles – undertake important maintenance, repair and health & safety work inside and outside the building, saving the Society tens of thousands of pounds every year. Without them, the Society simply could not function.

Art facilities re-opened

After work by our Building & Maintenance team before and after Christmas 2023, the Art Group were able to return to the first floor of the building in January 2024 and make use of their art store facilities again.

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Anti-Social Behaviour

Anti-Social Behaviour issues became an increasing problem in the areas around the Athenaeum building during the year.

From vandalism damage to the building, graffiti, dog and human fouling in car parks and littering at the front of the building, to threatening behaviour by rough-sleepers and displaced-persons temporarily housed near to the building, anti-social behaviour has become an increasing challenge to our staff and volunteers.

During the year we installed increased CCTV coverage and other measures for building user safety and protection of the fabric of the building.

We continue to work with police and other authorities to ensure the safety of staff, volunteers, members and building users.

You can report concerns or incidents relating to anti-social behaviour to the building duty managers or to the company secretary via info@plymouthathenaeum.co.uk

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MANAGEMENT

Trustees, committees and positions

BOARD OF TRUSTEES

Mr W. Telford (Chair) Mr J. Hutchins (Vice-Chair) Mr L. Dyson (Independent) Ret. 4/12/23 Mrs V. Gunston (Independent) Ret. 4/12/23 Mr R. Hexter Dr P. Holden Mr I. Manning Mrs J. Pengilley

Mrs M. Tully

Met: 6 times

COMPANY SECRETARY

Mr O. Ryles

MANAGEMENT COMMITTEE

Mr O. Ryles (Chair) Mr R. Hexter

Mr I. Manning Mrs M. Tully Met: 9 times

PRESIDENT VICE-PRESIDENT Mrs E. Willey Mr D. Ryles

Staff and volunteers

The Board of Trustees would like to put on record its great thanks to Owen Ryles for his ongoing work in the management and operation of the Society. It also sends its thanks to Rachel Taylor, who provided freelance duty manager support during the year.

The Trustees thank the Society’s volunteers who helped to undertake catering, library, activities and cleaning duties.

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Financial Report

A full report - Annual Report and Unaudited Financial Statements - is sent separately.

Membership

There were 66 Full members, 4 Life members, 1 Family member (Under- 16) and 1 Junior member (16-18) at 31 March 2024.

Statement of public benefit

During the year 2023/24, the Society organised a programme of in-person and online events, activities, and publications that helped it to fulfil its charitable aims of promoting learning in the fields of science, technology, literature and art.

Outside our regular programme of members’ activities, we also offered free public entry to lectures during the year and provided contemporary and archival digital material and lectures and talks on our website and through YouTube and Soundcloud.

“the Society organised a programme of in-person and online events, activities, and publications that helped it to fulfil its charitable aims”

Obituaries

Jeanette Hipsey: Died aged 82 on 15 September 2023. She came to be known as the ‘hippo lady’ for her love of the animal. Jeanette had more than 1,000 hippo-related items in her home.

Ann Hunt: Died on 10 September 2023. Ann was a long-standing and much-loved member.

Richard Keoghoe: Died aged 70 on 26 November 2023. Richard was an enthusiastic member of the Writers’ Group and was a regular attendee at the Art Group before the pandemic.

Sheila Wilcockson: Died aged 85 on 17 July 2023. Sheila served on a number of Athenaeum committees, performing many important roles during 50 years as a member. From 1975-83, she held the position of Honorary Lecture Secretary. Sheila was awarded Honorary Life Membership in 1996.

David Stark: Died aged 92 on 15 January 2024. David was President from 2013-16. A local councillor from 1959 to his retirement in 2015, David was Lord Mayor of Plymouth in 2003-04, and was made a Freeman of the City in 2015.

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ACTIVITIES

Art Group

Considering the ongoing works at the Athenaeum during the year, the Art group continued to meet with very good numbers most weeks. It's nice to be upstairs and that little bit nearer our home in the Lounge and the library of books in the art room.

After finishing the Spring 23 project on Animals and Us, the summer project was simply August. Plenty of cottage gardens and harvest themed pictures were painted. The two August moons, grain and barley, were also featured.

For December, the project was a Christmas Quiz. Members were invited to produce a picture of a carol, book, film etc. that others had to guess the title of. Prizes were mince pies, of course! To start 2024, the Group tackled the project Leap Year. Plenty of leaping frogs and salmon and cartoons to show look before you leap. The final project was Plymouth. Buildings ancient and modern, town sculptures and monuments and many Mayflowers.

Wil Harrison

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Astronomy Group

The Astronomy Group explored a range of subjects during the year. The Sky at Night session was a celebration of the long-running BBC television astronomy series, which was presented by Sir Patrick Moore from 1957 to 2013. The session looked at the presenters and the programme’s topics across a wide range of general astronomical and space-related topics, including stellar life cycles, radio astronomy, artificial satellites, black holes, neutron stars and many others.

The Group also undertook 'A journey Into Tonight's Sky with Stellarium', exploring what might be seen with the naked eye, binoculars or a small telescope and further away, looking at some constellations and deep sky objects. Stellarium is an online planetarium which shows a realistic sky in 3D. And the Group hosted a fun, Christmas-themed astronomy quiz at its December session.

Climate Emergency Group

Ian Hutchcroft delivered a talk revealing the work of Energiesprong UK and their revolutionary approach to net-zero, greener homes through whole-house retrofit. Energiesprong UK is scaling the Energiesprong model – a revolutionary standard and funding approach – for whole-house refurbishment and new build. Ian is part of the Energiesprong team adapting the Dutch developed approach for the British market, working closely with teams in Netherlands, France and Germany.

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Bio-Architecture and a quiz on the climate emergency were the focus for the Group’s two other sessions during the year. The group watched and discussed the Netflix documentary, Abstract: The Art of Design – Neri Oxman: Bio-Architecture. The documentary asked whether we could design our way out of an ecological crisis? At the MIT Media Lab, Prof. Neri Oxman cultivates new materials that emulate nature. The group also hosted an online quiz, learning new facts and stats about the global climate emergency.

Documentary Zone

The Group presented two screenings and discussions of the Netflix documentaries during the year – They’ll Love Me When I’m Dead and Nobody Speak: Trials of the Free Press.

They’ll Love Me When I’m Dead told the provocative story of legendary film director, Orson Welles, during the final 15 years of his life. Nobody Speak: Trials of the Free Press shed light on wealthy, powerful figures who challenge the freedom of the press in order to silence critics.

Lectures

Bryan Short discussed the generals who accompanied Alexander the Great and made his conquests possible. A great deal is known about Alexander the Great and his conquests but not much about the great men who accompanied him and made it all possible, his generals. Theirs is an intriguing and action-packed story that traces their interactions and

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achievements as one by one they are killed off to the last, along with the family of Alexander. This was an exceedingly competent group of men, and, like Alexander, they had a great impact on the world. But in the end their demise was as dramatic as their rise.

The Anniversary Evening Lecture, presented by Owen Ryles, in Coronation Week recalled the visit of the 'Sailor King' to Plymouth in 1827. Two days before the coronation of King Charles III, he told the story of the Royal Visit of 1827 when his predecessor, William IV, came to Devon. The lecture revealed more about his life, loves, Naval controversies, visit to the Athenaeum, and the people he met when he came to the Three Towns.

Dr Péter Bokody discussed his recently published book The Imagery and Politics of Sexual Violence in Early Renaissance Italy. The book was the first comprehensive study of images of rape in Italian painting at the dawn of the Renaissance. Drawing on a wide range of primary sources, Péter Bokody examined depictions of sexual violence in religion, law, medicine, literature, politics, and history writing produced in kingdoms (Sicily and Naples) and city-republics (Florence, Siena, Lucca, Bologna and Padua).

Our autumn lecture programme kicked off with the annual President’s Address. Eileen Willey, in her first address as Athenaeum President, presented Illustrated Reminiscences of my Plymouth Childhood.

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The series continued when Dr Sarah Boulton discussed The East Anatolian Fault Zone and the 6 February 2023 earthquakes: Anatomy of a disaster. The East Anatolian Fault is a 700 km long major strike-slip fault zone running from eastern to south-central Turkey. It forms the transform type tectonic boundary between the Anatolian Plate and the northward-moving Arabian Plate.

Dr Elizabeth Cobbett discussed Lagos, the powerhouse hub of West Africa. The lecture looked at demographics, urbanization, megacities, the west African corridor from Abidjan to Lagos, the new financial centre Eko Atlantic, and Dangote refinery.

Plymouth Laureate of Words, Dr Rosemarie Corlett, accompanied by Reigine Davenport and Jon Nash, provided a talk and reading about creative writing and the climate emergency. It delved into creative writing, nature and animals, with a mixture of nature writing readings and reflections on the climate crisis. It explored how we write through emergency; if and how creative writing can help deepen our understanding and open our hearts to the climate crisis; whether creative writing can expand knowledge, generate emotional investment and connect with the impact of species decline, with a view to engendering interest and acts of biodiversity conservation and renewal.

Literature Group

The year began with George Orwell, his life, work and legacy. Athenaeum President, Eileen Willey, discussed one of the 20[th] century’s literary greats and the author of classics such as Animal Farm, Nineteen Eighty-Four and Homage to Catalonia.

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Members then had a chance to share their favourite Victorian Era poetry before The Twelve-Pound Look, a one-act play by J.M. Barrie, was the focus of the Literature Group’s June play-reading session. The Group concluded its spring and summer sessions with a light-hearted and fun literature quiz to test members’ literary knowledge.

Returning in the autumn, members reviewed The Great Gatsby, a 1925 novel by American writer F. Scott Fitzgerald. Set in the Jazz Age on Long Island, near New York City, the novel depicts first-person narrator Nick Carraway's interactions with mysterious millionaire Jay Gatsby and Gatsby's obsession to reunite with his former lover, Daisy Buchanan.

Play reading was back on the agenda in October. The Game of Chess, a one-act play by Kenneth Sawyer Goodman, was followed in November with a chance for members to share their favourite poems about nature and the environment. A Christmas Carol; Or, The Miser's Warning! - a play adapted from the Dickens classic by C. Z. Barnett - was a topical theme for the Group’s December play-reading session.

The Group began 2024 with a ‘Bring a Poem’ session in January, giving members a chance to share their favourite poems. In February, the Group discussed the novelist and playwright, John Galsworthy, and the Galsworthys’ local connections. John Galsworthy is best known for his Forsyte Saga trilogy, and two later trilogies, A Modern Comedy and End of the Chapter.

Concluding the year, Jeannette Marks’ one-act play, The Deacon's Hat, was the subject for another play-reading session. A fine study of the life of the common folk of Wales, The Deacon's Hat is part of Marks’ Three Welsh Plays series, which won the 1911 Welsh National Theatre prize.

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Photographic Group

The highlight of the year was a compelling, illustrated talk – A Radioactive Tourist in the Ukraine - on the legacy of the Chernobyl nuclear disaster by photographer Andrew Knight. The Chernobyl nuclear accident took place on 26 April 1986 and has been labelled the world's worst civil nuclear incident. Alongside the 2011 Fukushima nuclear disaster in Japan, it is one of only two nuclear energy accidents rated at seven — the maximum severity — on the international nuclear event scale.

During the year, the Photographic Group showcased a range of members’ work. The themes ranged from the local - the Barbican and the city centre – through to abandoned buildings, a Summer Showcase, transportation, street and night scenes and water.

Writers’ Group

Alongside its regular online and in-person feedback sessions, the Group gave writers a chance to sharpen their skills in a hermit-crab fiction workshop run by Andrew Lavender. Hermit crabs are creative users of empty shells or other hollow objects as a shelter to protect themselves from predators. This session showed how you can pick up, re-use and put into practice practical tools to improve your writing. It also illustrated how hermit-crab fiction can be made from formal written structures such as obituaries, newspaper notices, shopping lists, board game rules or FAQs and even a parking ticket!

Plymouth Athenaeum

Email: info@plymouthathenaeum.co.uk Tel: 01752 266079 Website: www. plymouthathenaeum.co.uk Derry’s Cross, Plymouth, PL1 2SW

Charity registration number 216963

Company registration number 00019639 (England and Wales)

THE PLYMOUTH ATHENAEUM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THE PLYMOUTH ATHENAEUM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R B K Hexter Dr P G Holden Mr J N Hutchins Mr I Manning Mrs J Pengilley Mr W Telford Mrs M Tully Mr L Dyson (resigned 4 December 2023) Mrs V Gunston (resigned 4 December 2023) Secretary Mr O D Ryles Charity number 216963 Company number 019639 Principal address 22 Derry's Cross Plymouth PL1 2SW Registered office 22 Derry's Cross Plymouth PL1 2SW Independent examiner One Plus One Accountants 34/36 Fore Street Bovey Tracey Devon TQ13 9AE

THE PLYMOUTH ATHENAEUM

CONTENTS

Page
Trustees' Report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 13

THE PLYMOUTH ATHENAEUM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The company is a charity and its objects are that of the study and promotion of the fine arts, literature, science and technology. The company achieves its objectives by holding meetings and lectures on subjects within its constitution and the provision of a library.

Achievements and performance

This association has published its Proceedings continually from its foundation in 1812. The latest set of proceedings was published in 2014 and work is in hand towards producing our next set of Proceedings. A programme of activities, including talks and discussion groups, took place at the Athenaeum building and online during the year with arts and science themes. The year’s lecture programme took place at Plymouth Athenaeum and online.

Financial review

In accordance with the trust deed, the directors have the power to invest in stock, shares and investments in which they see fit. The policy is to adopt an investment strategy to build value to the portfolio with a medium degree of risk. The investment yielded a return of £4,542 (2023: £5,530) .

Structure, governance and management

The Plymouth Athenaeum is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 1 April 1884 as amended by Special Resolutions dated 21 December 1961, 29 June 2009, 20 August 2018 and 4 December 2023.

THE PLYMOUTH ATHENAEUM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr R B K Hexter DrP G Holden Mr J N Hutchins Mr I Manning Mrs J Pengilley MrWTelford Mrs M Tully Mr L Dyson (resigned 4 December 2023) Mrs V Gunston (resigned 4 December 2023)

The Report repo as approved by the Board and signed on its behalf by: Wt Mr Dated: .. ?/ 1/?:-� .. ?:1':: ...

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THE PLYMOUTH ATHENAEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PLYMOUTH ATHENAEUM I report to the trustèès on my examinaoon Lrf the finanL¥ slatements of The Flym¢Jth Athgnaeum l¢harity) for the year ended 31 March 2024. RMpon8lbllltlM •nd basls of r•port As the trusto9s ofthe charity land also Its dirnctorn for thg purF¥)ses of company lawl arè re5ponsibl8 for Ihe pr8par8tion ol th8 financtral $tstements in accordan¢• wth the requir8monts of tr Companies Act 2006 (tho 2006 Act). Havlng satlsfied mys•N that the financial stat¥ments ol the charity are ntsl required to ￿ audlt&d Ur￿er Part 16 ofthe 2006 A¢1 and are eligib￿ fof indeperhdenl examinaticffl. I fgkKYt in respeci of my gxamination ofthe charity's flnanci81 statements carried oul urrtlor section 145 of the Charities Acl 2011 Ith& 2011 Act). In carryin9 0111 my 8xaminalion I hav¢ fdlowed all the applicablè Direcbons giv￿ by tho Charity Commison undtrr section 14515llb) of the 2011 Act. Ind•p•nd•nt •x•mln•rf• •tat•m•nt I hav8 completed my oxamlnab'on. I confim that rK m8tters hwe c(rfr to my attention In conng¢Uon wNh thè exami- natson givlng me ¢au$8 to believe Ihat in any material Tes[￿t". accounting r8cord$ were not kept in r•spo¢t of th8 charity as raqulW by secllon 386 of th& 2006Act', or the financial $latemenls do not accord rocords. or Ihe financial sialgments do not cOm￿Y wilh th8 accounb'ThJ r8qulrem8nls ol ￿liOn 396 of the 2006 Act ot￿r th8n any requIr￿n8n1 Ihat th¢ ￿CoUnts give a tru• ond f¥iT which 18 not • matter (yJnsid8rad 88 P8rt of èn Independ8nt &xaminaiion'. or lh6 financial slatements havo not been prepared In 8cc4yl•nc• ith Iha m9tWs priwpl8s of t Stat&menl of Recomm•ndgd Prxtyce lor xcounbng and rewrb'rrfJ by charib"g5 applicable io charlts&s pro- p8ring their account$ In o¢¢tyd8nce wth the Finanaal Rewting Standard appli¢able in th6 UK and Repub- Ilc ol Ireland IFRS 1021. I have no conc8m$ and havè como acro￿ no oth¢r mattern In CL￿n•c￿ vAth th8 examlnatlon lo whi¢h ¥tt8ntlon Should b• drawn In th18 rep)rt In wdfjr¢o•nabkn 4 pmper undarst8ndlng oftho finandal sthl•m•nl8 to bt reachod. O,.e(. Je One Plus One A¢countsnts 34136 Fore Str¢•l Bovey Tracey Dfjvon TQ13 gAE D8led'. S Deceffi W Zoz4

THE PLYMOUTH ATHENAEUM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Income from:
Unrestricted
funds
Notes
£
Restricted
funds
£
Donations and legacies
3
69,573
-
Charitable activities
4
25,771
-
Investments
5
3,233
1,703
Total income
98,577
1,703
Expenditure on:
Charitable activities
6
105,824
650
Governance cost
9
972
-
Total resources expended
106,796
650
Net gains/(losses) on investments
10
7,723
4,634
Net (expenditure)/income for the year/
Net movement in funds
(496)
5,687
Fund balances at 1 April 2023
119,797
147,645
Fund balances at 31 March 2024
119,301
153,332		 Total
2024
£
Total
2023
£
69,573
50,175
25,771
22,057
4,936
5,547
100,280
77,779
106,474
108,270
972
936
107,446
109,206
12,357
(16,112)
5,191
(47,539)
267,442
314,981
272,633
267,442

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE PLYMOUTH ATHENAEUM

BALANCE SHEET AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment		 11 188,144 172,911
Tangible assets 12 47,665 49,196
235,809 222,107
Current assets
Debtors 13 31,864 41,584
Cash at bank and in hand 17,524 45,087
49,388 86,671
Creditors: amounts falling due within
one year		 14 (12,564) (41,336)
Net current assets 36,824 45,335
Total assets less current liabllltles 272,633 267,442
Income funds
Restricted funds 153,332 120,783
Unrestricted funds - general 119,301 146,659
272,633 267,442

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024_ No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements_

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, includ­ ing its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company_

These financial statements have be n prepared in accordance with the provisions applicable to companies subject to the small companies regime_

The financial s tements were approved by the trustees on _ � J L � � /. _k: 9. _'?:- 4-

Mr Truste

_ --- MrO D Ryles o.�� Company secretary

Company Registration No. 019639

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THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

The Plymouth Athenaeum is a private company limited by guarantee incorporated in England and Wales. The registered office is 22 Derry's Cross, Plymouth, PL1 2SW.

1.1 Accounting convention

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

1.4 Incoming resources

Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

-The donor specifies that the donation must only be used in future accounting periods; or

Investment income is recognised on a receivable basis.

1.5 Resources expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Individual fixed assets costing £100 or more are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold land and buildings Equally over the term of the lease to 2060
Fixtures and fittings 10% straight line basis
Computers 25% straight line basis
Fixed asset investments are included at market value at the balance sheet date.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

Basic financial assets

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and legacies
Government grant		 2024
£
31,989
37,584
69,573		 2023
£
1,565
48,610
50,175

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

----- Start of picture text -----
|||| |---|---|---| |Charitable|Charitable| |Income|Income| |2024|2023| |£|£| |Subscriptions|3,312|3,853| |Catering|2,315|1,525| |Bar Surplus|(295)|(295)| |Rental income|20,439|16,974| |Other income|-|-| |25,771|22,057|

----- End of picture text -----

5 Investments

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|2024|2023| |general| |£|£|£|£| |Income from listed investments|2,839|1,703|4,542|5,530| |Interest on cash deposits|394|-|394|17| |3,233|1,703|4,936|5,547| |For the year ended 31 March 2024| |For the year ended 31 March 2023|3,473|2,074|5,547|

----- End of picture text -----

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Charitable activities

Employment cost
Establishment costs
Portfolio management costs
Legal and professional
Repairs and maintenance
Office expenses
Subscription and donations
Sundry and other costs
Cleaning
Bank charges
Printing, postage and stationery
Activity expenses
Depreciation of tangible fixed assets
Analysis by fund
Unrestricted funds - general
Restricted funds
For the year ended 31 March 2023
Unrestricted funds - general
Restricted funds		 Direct costs
£
-
-
1,733
-
-
-
-
-
-
-
-
-
-
1,733
1,733
1,083
650
1,733
1,330
798
2,128		 Support
costs
£
-
88,176
-
4,268
6,125
1,212
1,202
13
1,197
136
355
526
1,531
104,741
104,741
104,741
-
104,741
106,142
-
106,142		 Total
2024
£
-
88,176
1,733
4,268
6,125
1,212
1,202
13
1,197
136
355
526
1,531
106,474
106,474
105,824
650
106,474		 Total
2023
£
16,470
78,683
2,128
2,189
2,450
1,378
1,103
20
1,148
135
588
512
1,466
108,270
108,270
107,472
798
108,270

7 Trustees' remuneration and expenses

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number employees during the year was :

2024 2023
Number Number
Total 1 1

2024 2023

Employment costs

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8
Employees
Wages and salaries
9
Governance
Independent examiners' fees
10
Net gains/(losses) on investments
Gain/(loss) on sale of investments
Revaluation of investments
For the year ended 31 March 2024
For the year ended 31 March 2023		 Unrestricted Restricted
funds
funds
general
£
£
5,180
3,108
2,543
1,526
7,723
4,634
(10,070)
(6,042)		 (Continued)
£
£
-
16,470
2024
2023
£
£
972
936
972
936
Total
Total
2024
2023
£
£
8,288
6,141
4,069
(22,253)
12,357
(16,112)
(16,112)

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11
Investments held as fixed assets
Cost
At 1 April 2023
Additions - separately acquired
Disposals
Revaluation
At 31 March 2024
Amortisation and impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
12
Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Listed Cash Deposits
Total
Investment
£
£
£
167,309
5,602
172,911
33,924
33,520
67,444
(20,624)
(35,656)
(56,280)
4,069
-
4,069
184,678
3,466
188,144
-
-
-
184,678
3,466
188,144
167,309
5,602
172,911
Freehold land
and buildings
Plant and
equipment
Total
£
£
£
85,199
79,693
164,892
-
-
-
85,199
79,693
164,892
36,482
79,214
115,696
1,317
214
1,531
37,799
79,428
117,227
47,400
265
47,665
48,717
479
49,196

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
30,951
913
31,864		 2023
£
41,128
456
41,584

14 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
-
106
1,424
-
11,034
12,564		 2023
£
-
223
1,424
-
39,689
41,336

15 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Analysis of net assets between funds
Unrestricted
funds
£
Fund balances at 31 March 2024 are represented by:
Investments
117,590
Tangible assets
47,665
Current assets/(liabilities)
36,824
202,079		 2024
£
106
2024
£
106
Restricted
funds
£
70,554
-
-
70,554		 2023
£
223
2023
£
223
Total
£
188,144
47,665
36,824
272,633

16 Analysis of net assets between funds

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

Charity registration number 216963

Company registration number 00019639 (England and Wales)

THE PLYMOUTH ATHENAEUM

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

THE PLYMOUTH ATHENAEUM

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mr R B K Hexter Dr P G Holden Mr J N Hutchins Mr I Manning Mrs J Pengilley Mr W Telford Mrs M Tully Mr L Dyson (resigned 4 December 2023) Mrs V Gunston (resigned 4 December 2023) Secretary Mr O D Ryles Charity number 216963 Company number 019639 Principal address 22 Derry's Cross Plymouth PL1 2SW Registered office 22 Derry's Cross Plymouth PL1 2SW Independent examiner One Plus One Accountants 34/36 Fore Street Bovey Tracey Devon TQ13 9AE

THE PLYMOUTH ATHENAEUM

CONTENTS

Page
Trustees' Report 1 - 2
Independent examiner's report 3
Statement of financial activities 4
Balance sheet 5
Notes to the financial statements 6 - 13

THE PLYMOUTH ATHENAEUM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their report together with the financial statements of the charity for the year ended 31 March 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with charity's governing document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)".

Objectives and activities

The company is a charity and its objects are that of the study and promotion of the fine arts, literature, science and technology. The company achieves its objectives by holding meetings and lectures on subjects within its constitution and the provision of a library.

Achievements and performance

This association has published its Proceedings continually from its foundation in 1812. The latest set of proceedings was published in 2014 and work is in hand towards producing our next set of Proceedings. A programme of activities, including talks and discussion groups, took place at the Athenaeum building and online during the year with arts and science themes. The year’s lecture programme took place at Plymouth Athenaeum and online.

Financial review

In accordance with the trust deed, the directors have the power to invest in stock, shares and investments in which they see fit. The policy is to adopt an investment strategy to build value to the portfolio with a medium degree of risk. The investment yielded a return of £4,542 (2023: £5,530) .

Structure, governance and management

The Plymouth Athenaeum is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association dated 1 April 1884 as amended by Special Resolutions dated 21 December 1961, 29 June 2009, 20 August 2018 and 4 December 2023.

THE PLYMOUTH ATHENAEUM

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2024

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mr R B K Hexter DrP G Holden Mr J N Hutchins Mr I Manning Mrs J Pengilley MrWTelford Mrs M Tully Mr L Dyson (resigned 4 December 2023) Mrs V Gunston (resigned 4 December 2023)

The Report repo as approved by the Board and signed on its behalf by: Wt Mr Dated: .. ?/ 1/?:-� .. ?:1':: ...

- 2 -

THE PLYMOUTH ATHENAEUM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PLYMOUTH ATHENAEUM I report to the trustèès on my examinaoon Lrf the finanL¥ slatements of The Flym¢Jth Athgnaeum l¢harity) for the year ended 31 March 2024. RMpon8lbllltlM •nd basls of r•port As the trusto9s ofthe charity land also Its dirnctorn for thg purF¥)ses of company lawl arè re5ponsibl8 for Ihe pr8par8tion ol th8 financtral $tstements in accordan¢• wth the requir8monts of tr Companies Act 2006 (tho 2006 Act). Havlng satlsfied mys•N that the financial stat¥ments ol the charity are ntsl required to ￿ audlt&d Ur￿er Part 16 ofthe 2006 A¢1 and are eligib￿ fof indeperhdenl examinaticffl. I fgkKYt in respeci of my gxamination ofthe charity's flnanci81 statements carried oul urrtlor section 145 of the Charities Acl 2011 Ith& 2011 Act). In carryin9 0111 my 8xaminalion I hav¢ fdlowed all the applicablè Direcbons giv￿ by tho Charity Commison undtrr section 14515llb) of the 2011 Act. Ind•p•nd•nt •x•mln•rf• •tat•m•nt I hav8 completed my oxamlnab'on. I confim that rK m8tters hwe c(rfr to my attention In conng¢Uon wNh thè exami- natson givlng me ¢au$8 to believe Ihat in any material Tes[￿t". accounting r8cord$ were not kept in r•spo¢t of th8 charity as raqulW by secllon 386 of th& 2006Act', or the financial $latemenls do not accord rocords. or Ihe financial sialgments do not cOm￿Y wilh th8 accounb'ThJ r8qulrem8nls ol ￿liOn 396 of the 2006 Act ot￿r th8n any requIr￿n8n1 Ihat th¢ ￿CoUnts give a tru• ond f¥iT which 18 not • matter (yJnsid8rad 88 P8rt of èn Independ8nt &xaminaiion'. or lh6 financial slatements havo not been prepared In 8cc4yl•nc• ith Iha m9tWs priwpl8s of t Stat&menl of Recomm•ndgd Prxtyce lor xcounbng and rewrb'rrfJ by charib"g5 applicable io charlts&s pro- p8ring their account$ In o¢¢tyd8nce wth the Finanaal Rewting Standard appli¢able in th6 UK and Repub- Ilc ol Ireland IFRS 1021. I have no conc8m$ and havè como acro￿ no oth¢r mattern In CL￿n•c￿ vAth th8 examlnatlon lo whi¢h ¥tt8ntlon Should b• drawn In th18 rep)rt In wdfjr¢o•nabkn 4 pmper undarst8ndlng oftho finandal sthl•m•nl8 to bt reachod. O,.e(. Je One Plus One A¢countsnts 34136 Fore Str¢•l Bovey Tracey Dfjvon TQ13 gAE D8led'. S Deceffi W Zoz4

THE PLYMOUTH ATHENAEUM

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Income from:
Unrestricted
funds
Notes
£
Restricted
funds
£
Donations and legacies
3
69,573
-
Charitable activities
4
25,771
-
Investments
5
3,233
1,703
Total income
98,577
1,703
Expenditure on:
Charitable activities
6
105,824
650
Governance cost
9
972
-
Total resources expended
106,796
650
Net gains/(losses) on investments
10
7,723
4,634
Net (expenditure)/income for the year/
Net movement in funds
(496)
5,687
Fund balances at 1 April 2023
119,797
147,645
Fund balances at 31 March 2024
119,301
153,332		 Total
2024
£
Total
2023
£
69,573
50,175
25,771
22,057
4,936
5,547
100,280
77,779
106,474
108,270
972
936
107,446
109,206
12,357
(16,112)
5,191
(47,539)
267,442
314,981
272,633
267,442

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

THE PLYMOUTH ATHENAEUM

BALANCE SHEET AS AT 31 MARCH 2024

2024 2023
Notes £ £ £ £
Fixed assets
Investment		 11 188,144 172,911
Tangible assets 12 47,665 49,196
235,809 222,107
Current assets
Debtors 13 31,864 41,584
Cash at bank and in hand 17,524 45,087
49,388 86,671
Creditors: amounts falling due within
one year		 14 (12,564) (41,336)
Net current assets 36,824 45,335
Total assets less current liabllltles 272,633 267,442
Income funds
Restricted funds 153,332 120,783
Unrestricted funds - general 119,301 146,659
272,633 267,442

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2024_ No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements_

The trustees acknowledge their responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, includ­ ing its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company_

These financial statements have be n prepared in accordance with the provisions applicable to companies subject to the small companies regime_

The financial s tements were approved by the trustees on _ � J L � � /. _k: 9. _'?:- 4-

Mr Truste

_ --- MrO D Ryles o.�� Company secretary

Company Registration No. 019639

-5-

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

The Plymouth Athenaeum is a private company limited by guarantee incorporated in England and Wales. The registered office is 22 Derry's Cross, Plymouth, PL1 2SW.

1.1 Accounting convention

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

1.4 Incoming resources

Incoming resources from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.

Donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it has been received. Such income is only deferred when:

-The donor specifies that the donation must only be used in future accounting periods; or

Investment income is recognised on a receivable basis.

1.5 Resources expended

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.6 Tangible fixed assets

Individual fixed assets costing £100 or more are initially recorded at cost.

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Freehold land and buildings Equally over the term of the lease to 2060
Fixtures and fittings 10% straight line basis
Computers 25% straight line basis
Fixed asset investments are included at market value at the balance sheet date.

Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the statement of financial activities based on the market value at the year end.

Basic financial assets

2 Critical accounting estimates and judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Donations and legacies
Government grant		 2024
£
31,989
37,584
69,573		 2023
£
1,565
48,610
50,175

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

4 Charitable activities

----- Start of picture text -----
|||| |---|---|---| |Charitable|Charitable| |Income|Income| |2024|2023| |£|£| |Subscriptions|3,312|3,853| |Catering|2,315|1,525| |Bar Surplus|(295)|(295)| |Rental income|20,439|16,974| |Other income|-|-| |25,771|22,057|

----- End of picture text -----

5 Investments

----- Start of picture text -----
|||||| |---|---|---|---|---| |Unrestricted|Restricted|Total|Total| |funds|funds|2024|2023| |general| |£|£|£|£| |Income from listed investments|2,839|1,703|4,542|5,530| |Interest on cash deposits|394|-|394|17| |3,233|1,703|4,936|5,547| |For the year ended 31 March 2024| |For the year ended 31 March 2023|3,473|2,074|5,547|

----- End of picture text -----

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

6 Charitable activities

Employment cost
Establishment costs
Portfolio management costs
Legal and professional
Repairs and maintenance
Office expenses
Subscription and donations
Sundry and other costs
Cleaning
Bank charges
Printing, postage and stationery
Activity expenses
Depreciation of tangible fixed assets
Analysis by fund
Unrestricted funds - general
Restricted funds
For the year ended 31 March 2023
Unrestricted funds - general
Restricted funds		 Direct costs
£
-
-
1,733
-
-
-
-
-
-
-
-
-
-
1,733
1,733
1,083
650
1,733
1,330
798
2,128		 Support
costs
£
-
88,176
-
4,268
6,125
1,212
1,202
13
1,197
136
355
526
1,531
104,741
104,741
104,741
-
104,741
106,142
-
106,142		 Total
2024
£
-
88,176
1,733
4,268
6,125
1,212
1,202
13
1,197
136
355
526
1,531
106,474
106,474
105,824
650
106,474		 Total
2023
£
16,470
78,683
2,128
2,189
2,450
1,378
1,103
20
1,148
135
588
512
1,466
108,270
108,270
107,472
798
108,270

7 Trustees' remuneration and expenses

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

8 Employees

The average monthly number employees during the year was :

2024 2023
Number Number
Total 1 1

2024 2023

Employment costs

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

8
Employees
Wages and salaries
9
Governance
Independent examiners' fees
10
Net gains/(losses) on investments
Gain/(loss) on sale of investments
Revaluation of investments
For the year ended 31 March 2024
For the year ended 31 March 2023		 Unrestricted Restricted
funds
funds
general
£
£
5,180
3,108
2,543
1,526
7,723
4,634
(10,070)
(6,042)		 (Continued)
£
£
-
16,470
2024
2023
£
£
972
936
972
936
Total
Total
2024
2023
£
£
8,288
6,141
4,069
(22,253)
12,357
(16,112)
(16,112)

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

11
Investments held as fixed assets
Cost
At 1 April 2023
Additions - separately acquired
Disposals
Revaluation
At 31 March 2024
Amortisation and impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023
12
Tangible fixed assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation and impairment
At 1 April 2023
Depreciation charged in the year
At 31 March 2024
Carrying amount
At 31 March 2024
At 31 March 2023		 Listed Cash Deposits
Total
Investment
£
£
£
167,309
5,602
172,911
33,924
33,520
67,444
(20,624)
(35,656)
(56,280)
4,069
-
4,069
184,678
3,466
188,144
-
-
-
184,678
3,466
188,144
167,309
5,602
172,911
Freehold land
and buildings
Plant and
equipment
Total
£
£
£
85,199
79,693
164,892
-
-
-
85,199
79,693
164,892
36,482
79,214
115,696
1,317
214
1,531
37,799
79,428
117,227
47,400
265
47,665
48,717
479
49,196

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

13 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
30,951
913
31,864		 2023
£
41,128
456
41,584

14 Creditors: amounts falling due within one year

Notes
Other taxation and social security
Deferred income
15
Trade creditors
Other creditors
Accruals and deferred income		 2024
£
-
106
1,424
-
11,034
12,564		 2023
£
-
223
1,424
-
39,689
41,336

15 Deferred income

Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Analysis of net assets between funds
Unrestricted
funds
£
Fund balances at 31 March 2024 are represented by:
Investments
117,590
Tangible assets
47,665
Current assets/(liabilities)
36,824
202,079		 2024
£
106
2024
£
106
Restricted
funds
£
70,554
-
-
70,554		 2023
£
223
2023
£
223
Total
£
188,144
47,665
36,824
272,633

16 Analysis of net assets between funds

THE PLYMOUTH ATHENAEUM

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).