COMPANY REGISTRATK)N NUMBER: 5554535 CHARITY REGISTRATION NUMBER: 252165 Plymouth Highbury Trust Company Limited by Guarantee Financial Statements 31 March 2023 WESTcorrs LLP Chartered accounlants & stalutory auditor Plym House 3 Longbridge Road Plymouth PL6 8LT *ACDR¥BIJ' 09110r2023 COMPANIES HOUSE
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Plymouth Highbury Trust Company Limiied by Guarantee Financial Statemenis Year ended 31 March 2023 Page Trustees, annual report (incorporating the diTectofs report) Independent auditofs report to the members Statement of financial activities (including income and expenditure account} 10 Statement of financial position 12 Statement of cash flows 14 Notes to the financial slalements 16 The followlng pages do noi form part of Ihe financlal statements Detailed statement of financial activities 27 Notes to the detailed statement of financial activrties
Plymouth Highbury Trust Company Limlted by Guarantee Trusiees. Annual Report (lOrporatIng the Directorfs Report) Year ended 31 March 2023 The truslees. who are also the (threctors for Ihe pule$ ol company law, presenl their report and the financial statements ol the charity lor the year eTrJed 31 March 2023. Referen¢e and admlnistrative detalls Regislered charily name Ptymoulh HIghry Trust Charity registralim number 252165 Company regislration number 5554535 Principal office and registered HwJhtxJry House ollice 207 Outland Road Peverell PmOuth PL2 3PF The trustees Werrfty BrimmOrnbe Janis Jones Rosemary Stoggall Joey Warren Hillary Harris Pelef AhardS Company secretary Martin Newman Auditor Wesi¢otts {SWI LLP Chartered accounlanls & slatLrtory auditor 7 Castle Street Bridgewater Devon TA6 3DT 8anke Lk)yds 234 Hh Street Exeter Devon EX4 3ZB Solicilors GaTd & Co 4 Brelonside Plyrnoulh PL4 OBY
Plymoulh Highbury Trust Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the D1Ctor'S Report) (e•thued) Year ended 31 March 2023 Struclure, governance managemenl The trustees present iheir annual rewrt and the Cs01#Yaled audited linancial statements of the charity and ils subsKJiary for the year etxled 31 March 2023. The trustees have adopted the 1x0visn5 ot FRS 102. The Finala1 Reporting Standard appIable in the UK and Ihe Rerxjb1 ol Irelanrt. Ihe Statement of Recommended Prathe applicable to charities Prepar1j their accounts in accordance wrth the Financial Resx*rting Standard applicable in the UK and Repuljic of IrelaThJ IFRS 1021 ICharrtEs SORP IFRS 10211 and the Charilies Act 2011 in preparing Ihe annual report and financial statements ol the Ptymouth HIghry Tnjsi. Our main activities and who we try to hdp are described bebw. All i)vr charitable activities locus in Ihis direction and are undertaken to fvrther our charitable purFy)ses for the public benefit. The company is govemed its Articles of Ass(tiation. under these Artles, one-third of Ihe Iruslees musl retire by rolalion. Those relirirvJ may be reaFV)inted as Trustees. Trustees are elected or re-elected al the Annual General Meeiing unless a vacancy arises during the year, when the individual is then co-opted al the nexl commrttee meeting and serves until the subsequent AGM. New Tmstees musl sign a (Jeclaration ol willingness to act as a charity Trustee before he or she may vole al any meetings of Trustees. The Tru51ees meet every month. The Manager of Services andlor the General Managei allend lo report on the day-to-day xlwilies of Ihe charitable company. Decisions are made by majority voting wilh the Chairperson having a "castiftg vole" if necessary. A Steering Committee exists consisting of the Chaii, Ve Chair, Manager ol Services, General Manager and co- Opted specialisl athisors when necessary fewrting to ihe main committee. Newly elected or ¢o-OPted Trustees are gNen gu4lance on the managemenl and operation ol the charitable company by the Chaif of Tfuslees and the General Manager. Relevanl Tnanagemenl (Jo¢umeniation le.g. poli¢ies directly affecting the Board ol Trusleesl is brought lo the attention of the Trustee. All Trustees are required lo urgO an Enhanced CR8 check and Iwo references Tegarding their 5Urtabilrty are requested and hekl on file. Risk Management The parent charity and ils subsidiary undertaking deal wlh Feop5e wlh learning disabilfties and all legal and recommended guidance is followed when selecting irKlividuals who may bp Employees or Volunleers. Also, the parent charity and ils subsidiary undertaking have taken out. where possible, appropriate insurance lo safeguard itself against any such risks which may arise in the circumstances. The Iruslees actively review the major risks that the parent chaftty and ils subsidiary uThJertaking face on a regular basis and believe Ihal mainlainir¥J reserves al currenl leveLs, combined wilh an annual review ot the controls over key financial systems other operations. will provide Sufflent resources in the event ol atherse cormjilions.
Plymoulh Highbury Trust Company Limited by Guarantee Truslees. Annual Report (Incorporating the D1ClO$ Report) (cortu1 Year ended 31 March 2023 ObiectSves arKI adivitles The object ol the parent charity arkd ils SUbslary undertaking is to help and advance the education ol people with learning dIsa1leS. This also includes helpir¥J their parenls, guardians, Telalives and lrierKls and assistir4J with nationwide studies and research into the causes ol learning disabilities. as well as increasing public awareness of the needs of Feople with learning disabilities when pursuing lund raising activities. The parent charty and its subsKliary are not permitted lo undertake any permanent IracrrfJ lo assist the latter. These objectives are Carried wt via the following ¢onstr(uenl organisatK)ns with the ¢harttable company. whose inCe arKI expermthture are irtlud&Y in the anTrJal accounts. HTghbJry Communty gJi¥)ort Ser¥e Day Servce ¢¥FQrtunies aThJ NItIeS in a communily setting. Highbury House and The Lodge provKJe Support&J Tenancies to enable people lo live independently. Plymouih Advo¢acy SeThice is provided in partnership with The Advocacy People a1 RAD. Plymouth Highbury Trust delivers Ihe IMCA, DOLS & Care Act a(fvocacy lor the City. Plymouth Parent Advo¢acy Project delNers specialist advocacy for parents who have a learning disability whose children are part ol a Child Protection Plan or undergoing Child Care Proceedings WISER- Women in Safer ar*Y EeTIng Refatiortshrp5. A Ser¥e lor women with learning disabilrties or boarder line learning disabilities who are affe¢ted by Domest abuse Apwinteeships tor people who require support lo manage their finances. Orbit club - a day time service providing a variely ol activities. Social Club is open lo people with learning disabilities over the age of 16 years. As wilh all chaxilies, the parent charity and rts subsKJiary uThJertaking are very reliant on donations and bequesis and on behalf of the parent charty and rts subsidiary undertaking, the Committee would like lo thank all those donors and volunteers who have and conlinue lo give their Money andlor lime lo enthe the parent tharrty and its subslary uThJeriakwig to eontiwe their chafltable work. Achievements aNI perfornwn The parent charty an(1 ils subspJiary UfKlertaking coniinue io Ferfom well both operaiionally and fi'naneially. Feedback on all SeNices through form evaluations maIn extremely positive. The paient charity and ils subsKliary UIertaklrrfJ conlinue lo provKle services lor approx 400 people with Learning Disabililies within the City of Ptymouth. The parent charty and its subsidiary undertaking continue discussions wth Plymouth Social Services Oepartmenl and the Plymoulh Community Healthcare lo to continually develop services lo meet the rewirementslpolics of Contractors and the needs ol people with Leaming Disabilities.
Plymouth Highbury Trust Company Limiled by Guaranlee Trustees. Annual Report (Incorporating the Director's Report) (conw) Year ended 31 March 2023 Flnan¢ial Teview The Consolidated Statement ol Financ1 ActNilie5 sIM)ws Ihal irKoming resources lor the year were £1.884.733 and reserve5 al 31 Maich 2023 were £1.336.610. £215.878 01 the reserves are iestricted. Ihe resl are unrestricted. The lolal expendrture on the parent charity and ils subshyiary undertaking's objedives during the Tep)rtirJ peiKxl was £1.617.794. The financial wsilion of the parent charity and it5 subsidiary undertaking iemains sound. reflecting the policy as lar as wssible ol prevenlirvJ deficits arising by maintaining a heai¢hy investment reserve. The parent charity and ifs 5ubsKJiary undertakirKJ e¥avour to achieve an annual surplus balanGe ol nel incoming resources ol unrestricted lunds. Investmenl assets are available lo provide additional lurvjing when this silualth is diffefent. Reserves Pollcy 11 is not considered that the panI charity a1 its subsKliary undertaking's reseryes are excessive in relation to its annual expeThlilure due to it being very difficult laloNJ with other chariliesl lo predict ils non-inveslmenl arKI rental income level Irom year to year. Liquid reserves at 31 March 2023 amounted lo £698.217 which equates to just under 4 wthS running costs at (#Jrrenl levels. The Iruslees continuously monitor reserves. Investmenl Poli¢y The parent charity arKI ils subsidiary undertaking's investment policy is to encourage growth by investing in low to mid risk investments which produce predictable and regular annual in¢ome in order io meet the charity's recurring oblvJations. Plans for lulure periods The pareni charity and lis subsidiary uThJertaking will conlinue to develop bts serwce provision lo meet the needs ol people vth Leaming Disabilities arKI to meet the reiwirements ol ¢hanging policyllegislation. Trustees, responsibllities slalemenl The ITUStees. who are also directors for the purwses of Company law, are responsible tor preparing the Iruslees. report and the linanaal slaternenls in accordance with applicable law arKJ United King(Jom Ac¢ounting Standards (United Kingdom Generalty Accepted Accounting Praclicel. Company law requires the charty trustees to wepare financial slalements lor e year which give a true and lair view ol the st*e of affairs ol the charitatje company and the incoming resources and application ot resources, including ihe income and experKliture. lor that period.
Plymouth Highbury Trust Company Limited by Guarantee Truslees. Annual Report (Incorporatlng the Dlreclor's Report) {Xlfflitiued) Year ended 31 March 2023 In preparing these linarrial slalemenls, trustees are required to.. select suitable accwnting F1cS and then apF4y them consistently.. obseThe the methods and rKinc in the applicable Charities SORP. make judgments and accounting estimates that are reasonable arKI pnjdenl" prepare the financial Slalements on ihe going con¢em basis unless il is inappropriate lo presume that the charty will continue in business. The trustees are re$wnSle lor keeping acFale accounting ordS Ihal are sufficient to show and explain the charity's transactions and disclose with reasonable accufacy al any lime the financial position ol the charrty and ene Ihem to ensu that the financial statements compty with the Companies Act 2006. They are also reswnsible lor SaleguardlT Ihe assets of the charity and hence for taking reasonable steps for the prevention and detection ol fraud and other irregularities. Auditor Each of the persons who is a trustee at the date of apyoval of ihis report conlimis that: so far as they are aware, there is Trj revanI audrt inforfflalion of which the charity's auditor is unaware; and they have taken all steps that they cwm to have taken as a tnJstee lo make themselves aware of any relevant audit Informaln and to establish thal the charity's auditor is aware ol ihal informalK)n. Small company provl$lons This report has been prepared in accordartt wrth il kyovisions applble to mpan$ enlilled lo the small companies exemption. The trustees, annual report was apwoved on ...... Iruslees by.. SW3ned on behalf ol the toard ol K) Wendy 8rimmicombe Trustee
Plymouth Highbury Trust Company Limited by Guarantee Independent Auditor's Report lo Ihe Members ot Plymouth Highbury Trust Year ended 31 March 2023 Opini We have audi18d the financial slaiements of Ptym(xrth Highbury Trusl Ilhe 'chaTrty'l and fis subsidiary (together 'the group'i for the year ended 31 March 2023 which comprise the consolidated and ¢harily statements ol financial aclwilies {including income and expeIltUre accounll, consolidated and charity statements ol financial position. consolKYated arKJ charity Siements ol cash flows and the related notes, including a summary ol sKJnilicanl accountiro WIleS. The linancial reporting Iramework that has been apled in iheiT preparation is applicabse law and Uniied Kingdom AceoufttirKJ Standards. including FRS 102 The Financial Reporting Siarkjard applicable in UK and Republic of Ireland (United Kingdom Generaily Accepted Accounting Pradtel. In our opnim ihe financial statements.. give a trve and fair view ol the Stale ol ihe charrty and the group's affairs as ai 31 March 2023 and ol its incoming resour¢es app)ication of resources, including its income and expenditure, for the year then ended". have been property wepared in acCOrdar wrth United KiryJom Generally Accepted Accounting Practe. have been prepared in a¢¢ordartt with the rewirements of the Companies Act 20C6. Basls for opinlon We condu¢t•J a[lt in accofdarte with Intemational Slarthrds on Auditing {UKI IISAS IUKI} and applicable law. Our resFonsibiIitS under those standards are further described in ihe auditor's responsibililies lor ihe al[t ot ihe financial slalements seclK)n of our rewrt. We are independent ol group in accordance with the elhical requirements Ihat are relevani io our aud(t ol Ehe linancial slalements in the UK, including the FRC'S Ethical Standard, a1 we have lullilled cMJr other ethical iesponsibilities in accordan with these requiremenls. We believe thai the audit evidence we have oblained is sullicienl and appropriate to provrfje a basis lor ¢)ur i¥nion. Conelusions relaling lo going concem In auditing the linancial slatemenls. we have concIled that the trustees, use ol the going concern basis ol accounting in ihe preparation of ihe financ statements is approFYiale. Based on the work we have perfomied. we have not kjentified any material uncertainties relating lo events or wnditions that. individually or colleclivety, may cast sKJnilicanl doubt on the charty or the group's ability lo continue a5 a going concem for a priod ol ai least Iwefve months from when the financial statements are authorised for issue. Our reSFOll5i.j•1ies aTrJ the responsibilities of the Ifuslees with resF*ct to going concern are described in the relevant sections of this report.
Plymouth Highbury Trust Company Limited by Guarantee Independent Auditorfs Report to Ihe Members of Plymouth Highbury Trust (COnthxJ Year ended 31 March 2023 Other inforfflatlon The other inlomialion comprises the information included in the annual Tewrt, other than the financial statements and our audrtor's report thereon. The iwstees are resrAJn5ible lor the other inlormalion. Our opinion on the financial stalemenls does r1 cover the other information aThY. except lo the exlenl fi olhewse eXpl111Y staled in OUT rep, we ts) not express any tomi ol assurance conclusion Ihereon. In connection with our authi of the financial statements. our responsibility is lo read the other informaln and, in doing so, ¢onsKler whether Ihe olher infoTmaiion is materialty in¢onsi51ern with Ihe financial slalemenls or knoedge obtained in audtt or othetwise appears lo be materially misstated. 11 we entIty such material irwnsisiencies or appareni material misstatements, we are reqLtired lo determine whether there is a maierial misstatement in the financial slalemenls of a material misstatement ol the Other informatK)n. If, bas on the work we have perfomed. we conclude that there is a material misslalemenl ol this other inlomialion. we are required lo rep)rt that fa(1. We have nothing lo report in this regard. Opinions on other matters prescribed by the Companies Act 2(*)6 In our cyinion, based on the work urkjertaken in the cwrse of the authi.. the information gNen in the truslees. rep)rt for the financial yeaT lor which ihe financial staiemenls are prepared is consistent with the h"nancial statements: and the injstees. rewrt has been prepared in aecordanee wrth applicatjle legal requirements. Matters on which we are iequired to report by exception In the light of the knowleth3e and understanding of the group and chaiity and Iheii environment obtained in the course of the audit, we hawe fK)t Klenlilied material missfatemenls in the truslees. We have nolhiNJ lo report in respect ol the lolh)wirwJ matters in relatn lo which the Companies Act 2006 requires us lo report to you rf, in our opinion- adequate accwnlirKJ records have not been kept, or returns adequate for OUT auil"I have nol been received Irom branches not vistlgj by us." or the financial statements are not in agreement with the accounting records arKI returns. or certain disckjsures of trustees. remuneration specthed by law are not male; or we have not received all Ihe inlormalion explanatK)ns we rewire for our autht.. or the liustees were not entitled to prepare the fInarla1 slalements in accordance with the small companies regime and lake advantage of the small COfnp3nies' exemptions in prepaTing the directors. report and from the rewiremenl to sxepare a strategic rewrt.
Plymoulh Highbury Trust Company Llmlted by Guarantee Independent Auditor's Report to the Members of Plymouth Highbury Trust {ctsrthued) Year ended 31 March 2023 Responslbilities of Irvstees As explained more fully in Ihe Irusiees. resnSIbIlitIeS statement, the Irustees Iwho are also ihe direclors lor the tAJfp05es of company lawl are responsible lor the preparalion of the financial statements and lor Ixing satisfied that they give a true and fair view, and for such internal control as Ihe trustees detemiine ts necessary lo enable the preparal)n ol linancial slalemenls that are liee from material misslatemenl. whether due to fraud or error. In weparing the financi slatemenls, the Iruslees are responsible for assessing the group and the ¢harity's ability lo continue as a going corn, disckjsing. as appiicable. matters rèlated to going concern and using the going concern basis of aecounling unless the Iruslees either intend lo liquidate the ¢harily/group or 10 cease operations, or have no realist allemaiive twt to do so. Auditor's responsibilities lor the audit of the financial statements Our ot4'ectives are lo obtain reasonable aSSUrae atMXJt whelher Ihe financial slalemenls as a whole are free from material misstatement. whether due to fraud or error, a1 to issue an auditor's report that includes our opinion. Reasonable assurance is a hHJh level of assurance, bJl is nol a guarantee Ihal an audit conducted in accordan¢e with ISAS IUKI will avaYS detect a material misstaiement when it exists. Misslalements can arise from fraud or error and are considered material rf, iThYividually or in the aggiegale, they couid reasonably be expecled lo inlluence the economic decisions of users laken the bas15 of these linan¢bal statements. Irregularities, inckmjing fraud, are instances of non-¢omI1anee wrth kws aNJ regulati. We design procedures in line WTth our responsitslities. OLrtlined aVe, lo delecl material misslalemenls in respect of iriegularilies. including fraud. The extent lo which our procedures are capable ol detecting irregvlarities, including fraud is detailed below.. We ithnlrfied areas of laws and Ulatr Ihal Coul reasonabty be expected lo have a maleiial effecl on the linancial statements from our general commercial and sector experience and Ihrough th"scussDn with the Trustees arKI otheT management. We communicated identified laws and regulations throughout our leam and remained alert lo any irKlicalions of non-compliance Ihroughout the audtt. The group and the charity are subjeci to laws and regulations ihal govem the preparalKJn of the financial slalements, Iuding finawJ reporting islation. The group and charity are also subject 10 Other laws and regulations where the o)nsequences ol non-compliance could have a material impact on the amounls or discbsures within the financial slalernenls, including employment, anli-bribery and anli-rnoney launderiTr3. Owing to the inherent lirnrtalions ol an audrt. Ihere is an unavotdable risk that we may not have detected some maleiial misslalemenls in the tinancol slatemenls, even though we have properly planned aTrJ performed our audit in accordance wilh al111r0 slarKlards. In any audr(, Ihere remains a higher risk ol non-delection ol irTegularities. as ihe5e may invofve ¢ollusion, lorgery, intentional omissions. misrepresentations, or Ihe oveNpde ol internal controls. We are not responsible for preventing non-complrCe arwj Cannot L* expe¢led to dele¢l non- (x)mplianee wrth all law5 aNJ Tegulations. As part ol an audil in accordance with ISAS (UK). 7Ae exercise profeSSal jthsjmenl and maintain professnal sceplicism throughout the audit. We aLso:
Plymouth Highbury Trust Company Limited by Guarantee Independent Audltor's Report to the Members of Plymouth Highbury Trust Year ended 31 March 2023 Identify and assess the risks ol malerial missialement of Ihe fInarla1 siaiemenls, whether due lo tiaud or error. design arKI perform audrt prccedure5 responsive to those risks. and obtain audit evidence that is sufficienl aTrJ appropriate to provKle a basis lor our opinion. The risk ol not detecting a material mis51atemenl resulting from fraud is higher than lor one resulting from error. as Irauij may involve collusw)n, forgery, intentional omissions, misrepresenlatJns, or the override ol internal control. Obtain an underslandiNJ of irrtemal control relevant to the autht in order to desmjn a111 procedures Ihal are appropriate in the circumstances. bul not lor the purrM)se of expressiryj an opinion on the effectiveness ol the intemal contrd. Evaluaie appropriateness of accounting policies used and the reasonableness ol accounting eslimaies and related disclosures made by the trustees. Conclude on the appropTraleness of the Iruslees. use of Ihe going concefft basis ot accounting and. based on the audri evKJence obtained. whelher a material uncertainty exists related lo events or condilions that May casi signilicart doubt on the group or Ihe charTty's abilily lo continue as a going concern. 11 we conclude that a material uncertainty exists, we are required lo draw altenlion in our auditor's reryjrt lo the related disclosures in the financial statements or. if such disclosures are inadequate. to mL*Jify our opnion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's rert. However. future events or conditions may Cause the grOVchanty to cease lo contiThJe as a going eoncem. Evaluaie the overall presentalKllI. Structure and content of the financial stalemenls. Irlud7g the disclosures, and whether the financial slalemenls represenl the underlying tranSactnS and events in a manner that achieves lair presentation. We communicale wifh ItSe charged with g)veman regarding. among other matters. the planned scope and liming ol the audr( a1 significant audit findings, including arry svJnilicanl deficiencies in internal control that we Klenlity durirtrj wr art. Use of our report This report is made solely to the charivs member5, as a body. in accordan¢e wrth Chapier 3 of Part 16 01 ihe Companies Act 26. Our audit worf( has been undertaken so that we mKJhl slate lo the group and eharty's members those matters we are required to slate to them in an auditorfs report and for no olher purwse. To the lullest exlenl permffted by law. we do not attepl or assume responsibilty to anyone other than the group arKI charity and the group and chari$ mernrs as a body. for our audit work, for this report, or lor Ihe opinions we have lormgJ. Adam Croney ACA (Senior Statutory Audilor) For and on behalf of Weslcotts (SWI LLP Chartered accountanls & statutory auditor Plym House, 3 Longbridge Road Marsh Mills Plymouth PL6 8LT OcJGU£ 2£sL5
Plymouth Highbury Trust Company Limiled by Guaramee Consolldated Slalement ol Financial Aclivities (includlng income and expenditure account) Year ended 31 March 2023 GTQUP 2023 Unreslficted Restiicted funds funds Total fvnd$ Total lunds Group 2022 l>te Income and endowments Donations and legacies Charitable activities Other trading actNiknes Investment income Other income 389.642 1,239.731 10.645 7.289 8.759 42.320 92,156 431,962 1,331.887 10.645 7,289 22.200 159.122 1,341,593 2.377 6,209 1,315 13.441 Total income 1.656.066 147,917 1,803,983 1,510,616 Expenditure Expenditure on raising funds- Investment managemern ¢os Expenditure on charitable activilies Taxation 10 11 12 3,724 1,396,864 8.959 3.724 1,533,320 8.959 4,073 1,474,237 5,511 136,456 Total expendilure 1,409,547 136.456 1,546,003 1,483,821 Nel (lossesllgains on inveslments 13 121,8851 121,8851 5,622 Net income and net movement In funds 224.634 11,461 236.095 32,417 Reconclliatlon of funds Total funds brougttl forward Total funds carried forwayd 886.841 204.417 1.091,258 1.327,353 1.058.841 1.111.475 215.878 1,091,258 The statement of financial aclivities includes all gains arKI losses recognised in the year. All income and expendilure derive from conlinuir¥J actmiies. The notes on pJge$ 13 10 25 tonn part of these linandal $tatemert> 10
Plymouth Highbury Trust Company Limited by Guarantee Charily Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2023 Charity 2023 Unrestrlcted Restricted funds nds Total lunds Total funds Charity 2022 Nol• In¢ome and endowments Donations and legacies Charitable activilies Other IradiNJ aclivrties Investment income Other income 389.642 644.943 10.645 7.289 8.759 42.320 92.156 431,962 737.099 10,645 7.289 22,200 140,421 714,367 2,377 6.412 1,315 13,441 Total income 1,061,278 147,917 1.209.195 864,892 Expenditure Expenditure on raising functs= Investment management cosls Expenditure on charitable activrties Total expenditure 10 3,724 832.127 3,724 968.583 4,073 845.613 136.456 835.851 136.456 972,307 649,686 Net Ilossesllgains CM) inveslmenls 13 121.8851 121,8851 5,622 Net income and net movement in lunds 203,544 215,005 20,828 Reconciliatton of funds Total funds brought forward Total funds eairied fornard 845.602 ,417 1,050,019 1,029,191 1,049,144 215.878 1.265.022 1,050.019 The statement of financial activities inclLKles all gains arKI losses recognised in Ilk year. All income and exFenditure delive from continuing adivilies. The notM on pag•$ 13 10 25 forni W of these IIMncl•l stalemerrts. 11
Plymouth Hlghbury Trust Company Limited by Guarantee Consolidated Statement of Financial Position 31 March 2023 Group 2023 Group 2022 Note Flxed assels Tangible fixed assets Investments 17 18 390,811 276,760 369,278 304.933 667,571 674.211 Current assets Debtors Cash al bank and in haTr 55.353 698.217 46,244 440,559 753.570 486,803 Creditors.. amounls falling due within one year Net current as$el$ 21 93,788 659.782 69,756 417.047 Total assets less ¢urreni liabililles 1.327,353 1.327.353 1.091.258 N8t assets 1.091,258 Funds of the charity Reslricled lund5 Unrestricted funds 215.878 1,111,475 204,417 886,841 Total charity lunds 1.327.353 1,091,258 These financial statements have been prepared in accordance with provi%ions applicable lo companies subject lo the small mpanieS, regime. These fina I siatemerts were atproved by the knrd ol tnJstees and aulhorised lor issue on io.q.Jll, and are sNJned on behalt ol the ard by: Wendy 8rimmKomte Tnjslee Hilary Harnis Trustee The notes on pages 13 lo 25 forni part ol tl*e Ilnancial statemen1$. 12
Plymouth Hlghbury Trust Company Limited by Guarantee Charity Stalemenl of Financlal Position 31 March 2023 Charity Charity 2022 Not• Flxed assets Tangible fixed assets Investments 17 390,811 277.760 369,278 305.933 668.571 675.211 Current assels Debtors Cash at bank and in hand 30,025 640.583 17,778 402.007 670,608 419,785 Crediiors: afflounls falling due within one ye Nel current assets 21a 74,157 44,977 374,808 596,451 Total assets less curwent liabillties 1,265,022 1.050.019 Net assets 1.265,022 1,050,019 Funds of the charity Restricted funds Unresliicled lurKIs 215,878 1,049.144 1,265,022 204,417 845,602 Tolal charity funds 1.050.019 These financial slalemenls have been prepared in accordan th the provisions 8ppli¢able lo companies svbject 10 the small ¢ompanie5' regime. These linancial statements were approved ty the trx)ard of twstees and authorised lor issue on ..io i.o.k23 and are signed on behalf ol ihe board by". Wendy Brimmicombe Trustee Hilary Harris Trustee The nooes on p4ge$ 13 to 25 tomi part ot thw tinancial ststemwrt 13
Plymouth Highbury Trust Company Limited by Guarantee Consolidated Statement of Cash Flows Year ended 31 March 2023 Group 2023 Group 2022 Cash flows from operatlng activities Net income 236.095 32,417 Adjustments for.. Depreciation ol tallgitre fixed asset5 Nel Ilossesllgwns on investments Trade and other debtors Trade and Other creditors ¥2,607 21.885 19,1091 24.032 30,439 15,6221 116.6911 120,6301 112.504 19,913 Cash generated from operations Net cash from operatirKJ activities 59,415 295.510 Cash flows from investing activilies Purchase ol laNJitJe assets Purchases ol other investments Proceeds from sal8 of other investments 144,140) 132,9781 39.266 19,9361 131,2161 22.114 Nel cash used in investing a¢tivit 137,852) 179.0381 Nel increase in cash and cash equivalents Cash and cash equivalents al beginnlng of year Cash and cash equivalents at end ol year 257.658 440,559 875 439,684 698.217 440,559 The notes on page$ 13 to 25 forni part of th•se financial stat•m•rfs 14
Plymouth Highbury Trusl Company Limited by Guaranlee Charity Statement of Cash Flows Year ended 31 March 2023 Charity 2023 Charity 2022 Cash flows from operating o¢llvilies Nel income 215,003 20,828 Adjustments lor.. Oeprecialion of tangible lixed assets Net Ilossesllgains on inveslmenls Trade and other debtors Trade and other creditors 22,607 21,885 112,2491 29,180 30,439 15,6221 19.630 141,5851 2.862 Cash generaled from cperations Nel cash from operating actNilies 61.423 276,426 23,690 Cash flow$ Irom investlng activities Purchase of tangible assets Purchases of other investments Proceeds from sale ol other investments 144,1401 132.9781 39,266 19.9361 (31,2161 22,114 Nel cash used in investiTh3 aetivrties {37,8521 (19,0381 Nel increase in ¢agh and cash equivalenls Cash and Cash equivalents at beginning of year Cash and cash equivalents al end ol year 238,574 402.007 4,652 397,355 640.581 402.007 15
Plymoulh Highbury Trust Company Limited by Guarantee Noles to the Financial Statements Year ended 31 IAarch 2023 General infonnation The charity is a public benelit enlity and a private company limited by guarantee, registered in England and Wale5 al a registered charity in ENjd and Wales. The address ol the registered office is Highbury House, 207 Outland Road, Peverell, Plymouth, PL2 3PF. Stalement of complian¢• These financial statements have been prepare(l in Compliance wth FRS 102. The Financial Reporting Standard applicable in the UK and the Republ ol Ifeland,. the Statement of Recommended Praclice atplicable lo charrtW PTepaTing their accounts in accordance with the Financial Reporting SiaThJard applicalje in the UK a1 Flewblic of Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Companbe5 Ad 2[)6. A¢¢ounting policios Basls of preparalion The financial slatemenls have been prepared on Ihe hislorical cost basis, as modified ty Ihe revaluation of ¢ertain finan¢iai assas and Ikqbilities measured at fair value through income or expenthlure. The linancial statements are prepared in slerling, which is the IlOnal currency of the entity. Goirvj concem The finan¢ial slalernenls have teen Fyepared on going concern basis. Please see note 'Events after the Terxjrting per1 tor deiail ol the uncertainty facing the going concern ol the charity. The Iruslees have prepared the financial slalemen15 on the going concern basis as. although challenging, they are confxlent that they can continue to operate and meet their liabilities. Disclosure exemptions The enlily salislies the ¢riteria of t¢ing a qualrfying entity as delined in FRS 102. As such. advantage has been taken of the followtro disclosure exemplions available undpr paragraph 1.12 01 FRS 102: (al No cash flow statefflent has been presented for the company. Ibl Disclosures in resFect ol financial instruments have not been presented. 16
Plymouth Highbury Trust Company Limited by Guarantee Notes lo the Financial Statemenls (cwrtfvw Year ended 31 March 2023 Ac¢ounling polieies JUdgemt$ ond key sources of estimation uneertainty The preparation ol the financial slalements requires management to make judgements, estimates and assumptions that affect the amounts resX)rted. These estimates and judgements are continuty reviewed and are based on experierKe and olher lactOTS, including expectations ol luluTe events Ihai are belwed lo be reasonable under the uiojmstances. The judgements (apart Irom those involving eslimionsl that management has made in the process ol applying the enlrty's accounling Kxjlicies and thai have the most SnifnI eflect on the amounts recognised in ihe fInala1 stalefflents are as follows: Determine whether there are indicators of impairment ol the company's tangible assels. Fa¢lors taken inlo consKleralion in reachirKJ such a decision include the economic viability and expected future finanual pertorman¢e of the asset. Other key sources of eslimaliw uwlainty Tangib]e fixed assels Tangible fixed assets are depreThated over their useful lives taking into aecount resrdual values. where appropriate. The actual INes of the assets arny sIdUal values ale assessed annually a May vary depending on a number of factors. In Te-asse5sing asset lives. la¢tors su¢h as technobgical innovaiion. pro(luct life cycles aThJ maintenance programmes are laken inlo account. Flesidual value assessments ¢onsider issues SLth as luture market conditions. the remaining usetul lile of Ihe assel aTrJ [leCted disp)sal values. In¢om¢ tsx The taxation expense represents the aggregate amount ol ujrrenl arKJ deferred lax recognised in the reporting period. Current lax is recognised on iaxabfe i1Orne or expenditure lor the curfent and pasl pericds. Current tax is measured at the amounts ot tax expe¢tal lo pay or recover using the tax rates and laws Ihal have been enacted or subslantNely enacled at Ihe reportirvJ dale. DeleNed lax is recognised in respect ot all timing differences at the reporting date. Unrelieved tax losses and other defeired lax assels are recognised to the extent that il is probable that they will be recovered against the reversal of deferred lax liabilities or other future taxable profits. Deferred lax 15 measu¥ed using the tax rates arml laws th have been enacted or subslanlwety enacled by the reporting dale that are expected lo appty lo Ihe reversal of the liming difference. 17
Plymouth Highbury Trust Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2023 Accountlng pollcles {eonlmwdJ Fund ac¢ountlng Unresiricled lunds are available for use al the (fiscrelton of the trustees lo further any of the charity'5 purposes. Designaled lurKis are unreslricled funds eamiarked by Ihe irustees for particular lulure project or ¢ommitment. Reslrrled funds are suty'ected to restr[onS on th1 expenditure declared by the donor or through the terms of an appeal ar fall into one of Iv•D sub(lasses.' restricted income funds or endowment lutThts. Incoming resources All income is included in the slatemenl of tinancial aclNitie5 when enlttlemenl ha5 passed lo the charity, il is probable that the economie benefits as5Ctialed with the iiansaclion will flow lo the charity and the amount can be feliably measured. The following specific pM)licies are applied to particular categorie5 of in¢ome= income Irorn doTration5 or grants IS Tec(¥Jnise(I when there is evidence of entitlement to the grft, receipt is probable aTrd ris amount can be measur&Y reliably. income from contracts tor the suppty of services recognised with the delivery ol the contracted service. This is classitied as unrestricted funds unless there is a contractual requirement lor it 10 be spent on a particular purpose and retumed il unspent. in which case it may be regarded as restricted. Resources expended Expendilure is recognised on an accruals basis as a liability is inojrred. Expenditure includes any VAT which ¢annol be fulty recovergJ, is classified undei headings of the slalement ol financial activities lo which rt relales.- expendrture on rasing fu1$ iThSudes the ¢J)sts of an fundr&s4w actNits, events. non- charitable trading activilies, arnl the sak of th3nated gc(Mts. exFendblure on charrtable activities includes all cosls inc#Jrred by a charity in undertaking activities thai lurlher rts chariiable aims for the benelrf of ils beneficiaries, including those SUPFX)rt cosls and costs relating to the goVernae of the chanty apportioned lo charitable activities. other experKliture includes all expenditure that is neither relaled to rnising funds lor the charity nor part ol ts experlture on charitable a¢tNities. All costs are allocated to expenditure categories reflecting Ihe use of the resource. Direct costs at1ribable to a single a¢fivty are allocated diTe¢tly to that auivty. Shared costs are apportioned between the actNities they contribute lo on a reasonable. justrfiable and consislenl basis. 18
Plymouth Highbury Trust Cornpany Llmited by Guarantee Notes lo the Financial Slatements (ewbw6d) Year ended 31 March 2023 A¢counting policies f¢onthOI Tangible assets Tangit)le assets are initialty recorded al eosl. subsewentty stated al cost less any accumulated depreciation a1 impairfflenl losses. Any tangible assels carried al revalued amounts are recordd al the lair value at the dale ol revaluation less any subsequent accumulated depreatn atKI subsequent accumulaled Knpaimienl losses. An increase in the carying amunl ol an as5el as a resull ol a revaluation, is recognised in other re¢ognised gains and losses. unless it reverses a charge lor impaimient that has previously been Tecognised as expenditure wilhin the slatemerrt ol financial aclivrties. A decrease in the carrying amount ot an asset as a resuh ol revaluation, is reccrfjnised in other recognised gains and losses. except lo which it offsets any previous fevalualion gain, in which ¢ase the Ioss is shown within other recc>Jnised gains and losses on Ihe staiement of linancial aclivrties. Depreciation Depreciation is ¢alculaied so as lo wme oll Ihe cl1 or valuation of an asset, less ils resithJal value. over the useful economic lrfe of Ihal asset as follows". Freehold property Fixtures afid fittir Motor vehicles 2% slraKJhl line strawjhl line 25Y• slramjhl li Investments Listed investments are measured at fair value vrfh thanges in fair value being recognised in profil or loss. Impalfmenl of fixed assets A review for indulors ol impaiment is carried out at each reporting date, w¢th the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoveTable amount. the asset is impaired accordingty. Prior impairments are also reviewed lor possible reversal al each reporting dale. Government grants Government grants are recognised at the lair value ol the asset received or receivable. Grants are nor recognise(l until thefe is reasonab asSUrae that the charity will comply with the conc*lh)ns attaching to them and grants wll be received. Where the grant does not impose slfied luture performance-relaled conditions on the recipienl, it is recognised in income when the grant proceeds are received or receivable. Where the grant ¢J)es impose specilwl fulure perfofmance-related corHlstions on the recipienl. il is recognised in income onty when the performae-related corKlrtion5 have been mel. Where grants ieeeived are pr¥Jr lo salisfying ihe revenue reccwjnilwb criteria. they we reccgnised as a liabilrty. 19
Plymouth Highbury Trust Company Limiled by Guarantee Notes to the Financial Staiements {cOnth} Year ended 31 March 2023 A¢counlbng policies Icoftttj Financial Inglrumenls A linancial asset or a finaal liability is recognised only when the entity becomes a party to the contractual provisions of the insiwment. 8asic financial instruments are initially recognised ai the amount receivable or payabie including any related transaction costs. unless the arrangement conslilules a linancing transaction, where rt is reCOgned al the present value ol the fthure payments discounled at a market rate ol interest lor a similar debt instrument. Cufrenl assets and current liabilities afe subsequently measured at the cash or other consideration expected to be paid or ieceiwed and not dISnted. Defined cMtril)utlon plans Conlribulions to defined con1r1tlI)ll plans are recognised as an expense in the period in whi¢h the relaled Servi is provided. Prepahj conir*xJlions are recognised as an asset lo the extent that the prepayment will lead lo a redL10n in lulure payments or a cash refund. Limited by guarantee Plymouth HIghry Trnsl is a regtsteied charity. number 252165 and is a company limited by guaranlee haviThJ no share capilal. The rnemberfs liability is limited in the event ol the company beiThJ woul up lo £1. Donations and legacies Unreslricted Restricted Total Funds Funds Funds 2023 Donations Donaliolls and subscriptions 3.526 Legacies Legacies 289,795 289,795 Grants Gfanl funding 96.351 42.290 138.641 389.642 42.320 431.962 Unrestitted Funds Restricted Total Funds Funds 2022 Donatlons Donations and subscriptions 4.313 4.658 Legacies Legacies
Plymouth Highbury Trust Company Limlted by Guarantee Notes to the Financial Statements Year ended 31 March 2023 & Donations and legacies leonti) UnreslrKled Funds Restricled Total Funds Funds 2022 Grants Granl lundirKJ 39.101 115.363 154.464 43.414 115.708 159,122 Sa. Charity donations and legacles Unrestricted Restricted Total Funds Funds Funds 2023 Donations Donations and subscriptions Oonalion from subsi(liary 3,496 3,526 Legacies Legacies 289.795 289.795 Grants Grant furKIiTh3 96.351 42.290 138,641 389.642 42,320 431.962 unrestrted Funds Resliicted Total Funds Funds 2022 Donations DonalKJns a1 subscrplions Donation from substdiary 4.313 345 4,658 Legacies Legacies Grants Grant fur1ng 19.066 116.697 135,763 23.379 117.042 140.421 21
Plymouth Highbury Trust . Company Llmiled by Guarantee Notes to the Financial Stalements Year ended 31 March 2023 Charitable actlvilies Unresiricted Aestricted Total Funds Funds Fuftds 2023 Refreshments and goods sokj Care and services lees 14,249 1,225.482 14.249 1,317,638 92,156 1,239,731 92,156 1,331,887 Unrestricled Funds Reslficled Total FurKIs Funds 2022 Refreshments and goods sokl Care and serwices fees 5.339 1,301,673 5,339 1,336,254 34,581 1.307,012 34.581 1,341,593 6a. Charity charitable activities Unrestri¢ted Restricted Total Funds Funds Funds 2023 Relreshmenls and goo(ts sohy Care and services lees 14,249 630.694 14,249 722,850 92,156 644.943 92,156 737,099 Unreslricted ResIrle Toial Funds Funds Funds 2022 Relreshmenls and good5 sokj Care and seryices lees 442 606.162 442 702,979 703,421 96,817 606,604 96,817 Other Irading actlvities Unreslricled Total Funds Unrestricted Total Funds Funds Funds 2022 Fundraising aclivilies 10,645 10.645 2,377 2,377 22
Plymoulh Hlghbury Trust Company Llmited by Guarantee Noles to Ihe Financial siatements (c¢rfftJ Year ended 31 Illarch 2023 Investment income Unrestricted Tolal Funds Unrestrieted Total Funds Funds 2023 FuTrYs 2022 Income from listed investmenls Bank interest Investment income 6,164 197 928 6,164 197 928 5,271 5,271 928 928 7.289 7.289 6.209 6,209 8a. Charity investment income Unrestrieted Total Funds Unre5trided Tolal Funds Funds 2023 Funds 2022 Income Irom listed investments Bank interest Inveslrnent income 6.164 197 928 6.164 197 928 5,271 213 6,199 5,271 213 6.199 7.289 7.289 6.412 6.412 Olher Income Unrestricled Flestrictsd Total Funds Funds Funds 2023 Other irrne 8,759 13,441 22,200 Unrestricied FurKIs Restricted Total Funds FurKIs 2022 Other income 1.315 1,315 10. Investmenl management costs unrestrict Total Fundg Unrestrrled Total Funts Funds Funds 2022 Portlolio managemenl 3.724 3,724 4,073 4,073 23
Plymouth Highbury Trust Company Limited by Guarantee Notes to the Financial Statements (cl1* Year ended 31 March 2023 11. Group expeiKlilure on Charitable actNities by fvnd type Unrestricted Restricled Tolal Funds Total Funds Funds Funds 2023 2022 Staff costs Services AdministraiNe eosls Professional cosls Depreciation 1.164.512 171,813 17.335 30.SY11 12.303 112.054 5.980 1,276,566 177,793 23.220 33,134 22.607 1,203,010 171,073 40.620 29.095 30.439 10.304 1.3%.864 136.456 1.533.320 1.474.237 11a. Charily expendilure on charitable aclivities by lund type Unrestrided Reslricted Total Funds Tolal FurKIs Funds Funds 2023 2022 Stall ¢osts Services Adminislralive costs PrOfesSnal costs Depiecialion 535.218 159,731 101.314 23.561 12.303 112.054 5,980 5.885 2.233 10,304 647,272 165,711 107.199 25,794 22,607 638,433 125,200 31.747 19.794 30,439 845,613 832,127 136,456 968,583 11 Group Taxation 2022 Corporalion lax Taxalion 8,959 5.511 8,959 5.511 24
Plymoulh Highbury Trust Company Limited by Guarantee Noies to the Financlal Staiemenls Year ended 31 March 2023 13. Net {lossesVgains on inveslments Unreslricted Totsl Funds Unreslf>cled Total Funds Funds FurKIs 2022 G&nslllossesl on listed investments (21.8851 121.8851 5.622 5,622 14. Nel Income Net income is slated after ¢hargirWl¢r•Yrtingi= 2022 Depreciation of tangible lixeLI assets 22.607 30,439 15. Group staff costs The total staff costs and employee benefits for the reportirwJ period are analysed as follows.. 2023 2022 Wages and salaries Ernpbyer colltriMions io pension plans 1.175.854 19.962 1.135,144 19,352 1.195,816 1,154,496 The average head count ol emph)yees thJring the year was Nil {2022: Niil. No employee received ernOyee benelbts of more Ihan £60.000 durirg the year12022.. Nil). 1Sa."Charity slall costs The total staff costs and employee benefits for feFQrting peri are analysed as follows." 2023 2022 Wages arKI salaries Employer contriiNJlions lo pension Flans 679,081 11,812 626,693 11,493 690.893 638,186 The average head count of empbyees duriThJ ihe year was 3812022.. 381. No empbyee received employee tjenefrts ol Ihan £60,000 t*JriNJ the year {2022: Nil). 16. Truslee remuneration and expenses The charity trustees wefe not pth Of reimtWfsed expenses dufing the year and no charily Iruslee received any emoiumenl or paymenl for prOfessnal or other servis12022.. Nill.
Plymouth Highbury Trust Company Llmiled by Guarantee Notes to the Flnancial Staiemenls (¢omtr4wdJ Year ended 31 March 2023 17. Tangible fixed assets Freehokl Fixtures and operty fittiros Motor vehicles Total Cosl Al 1 April 2022 A&Jilion5 674,762 30,864 59,655 765,281 44.140 At 31 March 2023 717,102 32,664 59.655 809.421 Depre¢iotlon At 1 April 2022 Charge for the year At 31 March 2023 308.871 20,355 329.226 27.477 2.252 29.729 59.655 396,003 22.607 59.655 418,610 Carrying amount At 31 Mar¢h 2023 387.876 2.935 390,811 At 31 March 2022 365.891 3.387 369,278 18. Investments Listed investments Cost or valuation At 1 April 2022 Additions Disposals Fair value movements 304,933 32,978 139,2661 121,885) 276,760 Af 31 March 2023 Impairnient At 1 April 2022 and 31 March 2023 Carrying amount At 31 March 2023 276,760 304,933 At 31 March 2022 All investments shown atM)ve are hekl al valualion. Flnancial assets held al fair Vae Inveslrnenls held as lixed assets are induded in Il* accounts at Ihar Mid-Maet value at the balance sheel date. Inveslment in the subs¥Jiary company is staled al cosl. 26
Plymouth Highbury Trust Company Llmited by Guarantee Notes to the Financial Slalements Year ended 31 March 2023 18a. Investments-chaTity Chafily investments a as above txjl include Ihe cosl ol shares held in Ihe subsidiary, Plymoulh Supwrted Living Limited. ol £l.0¢12022.. £1.000) 19. Investmerf ent6ties Subsidiaries arKI other investments Percenlage of Class of share shares held Subsidiary undertakings Plymouth Supported Living (company number 069585211. 207 Outland Road. Ptymouth, PL2 3PF. 1CKK) Orthnary shares of £1 100 20. Debtors 2023 2022 Trade debtors Prepayments arKI ae¢rued income 11,824 43.529 999 45,245 55,353 46,244 20a. Charity debtors 2022 Trade debtors Amovnts owed by group undertakiws Prepayments and accnjed income 7,644 2,246 1.484 14,048 22,381 30,025 17,778 21. Creditors: amounts lalling within one year 2023 2022 Trade ¢reditors Accruals and delerred income Corporation tax Other creditors 8,510 70.808 14.470 5,358 32,371 5,511 26.516 93,788 69,756 27
Plymouth Highbury Trust Company Llmited by Guarantee Notes to the Financlal Stalements Year ended 31 March 2023 21a. Charity creditors: amunts falllng due wilhin one ye 20TJ 2022 Trade creditors Accruals arKJ deferred income Other creditors Amounts owed to group uthrtakiThJs 6,286 67.328 3,814 41,163 539 74.153 44.977 21 Deferred income 2023 2022 At 1 April 2022 Amount released to income Amount deferred in year At 31 March 20ZJ 9,247 19.247) 23,488 123.4881 9,247 9,247 23. Pension$ and other posl retirement benefils Defined contributlon plans The amount reccMJnised in IrMe or expenditure as an expense in relalion to defined ontribulion plans was Group.. £28,284. Charity= £11.813 12022- Group= £22.986. Charity.. £11.4931. 24. Government grnnts The amounts recognisgj in the financial slaiemenls for government grants are as follows: 2023 2022 Recognised in credrtots: Deferred government grants due within one year 23,488
Plymouth Highbury Trust Company Llmited by Guarantee Noles lo the Financial Statements (Conth} Year ended 31 March 2023 25. Analysis of group ch¥rlt8ble funds UnTeStricted funds Al Gains aTrJ 31 Mar¢h 20 ses 23 1 April 2022 Income Expenditure General turKIs 886.841 1.656.066 11,409.5471 121.8851 1.111,475 Al Gains and 31 March 202 kjsses Al l April 2021 IrKome ExpeThliture General funds 870.061 1.358.993 11.342.324> 886.841 Restricted funds At Gains and 31 March 20 losses 23 Ai l April 2022 I)me ExpeThYiture Community Hall Advocacy 164.873 39.544 {10,3041 (126.1521 1136.4561 154,569 61.309 147.917 204.417 147.917 275,878 At Gains a1 31 March 20 losses 22 At Irtome Expen(*ture Community Hall Advocacy 175.177 13,603 (10,3041 1125.6821 {135.9861 164,873 39,544 151,623 188,780 151,623 204.417
Plymouth Highbury Trust Company Limiled by Guarantee Noles io the Financlal siaiemenis rconÉthu Year ended 31 March 2023 25a. Analysis of charitable funds Unrestricted funds At Gairts and 31 March 20 losses Al 1 April 2022 1me Expenditure General funds 845,602 1,061,278 1835.851} 121.8851 1.049,144 At Gains and 31 March 20 losses 22 At 1 April 2021 Income Expendiwre General lund5 840.411 713,269 {713.7001 5.622 845.602 Resfrided lunds At Gains and 31 March 20 sses At 1 April 2022 Income EXndttUre Communty Hall Advocacy 164.873 39,544 {10.3041 1126,1521 1136.4561 154.569 61,309 147,917 204.417 147.917 215,878 Ai Gains arKI 31 Maieh 20 losses 22 Ai 1 April 2021 Income Expenditure Communrty Hall Advocacy 175.177 13.603 110,3041 1125.6821 {135,986) 164,873 39.544 151.623 188.780 151.623 204,417 The unreStrled general tunds represent the free fvr*Js of the charity which are not designated lor particular purposes. The Community Hall fuThl represents donations made towards the refurbishment ol the community h1_ This was completed in 2011 wth the lolal cost being £382.627. £288,521 was raised through cknnalDns. This is being depreciated over 28 years. The Advocacy fund is held lo ensure that there are sufficient reserves lo continue the athocacy Seryes offered by the charity. 30
.•.¥ *h Plymouth Highbury Trust Company Limited by Guarantee Notes to Ihe Flnancial Slatemenls {¢ontrmJed) Year ended 31 March 2023 26. Group analysis of net assets between funds Unrestrlcled Aestricled Total Funds Funds Funds 2023 Tangible fixed assets Investments Current assels Creditors less than 1 year Nel a1$ 236,242 276,760 692,261 193,7881 1.114,47S 154,569 390.811 276,760 753.570 (93.7881 1,327,353 61,309 215,878 Unrestricted Funds Restricted Total Functs Funds 2022 TaThJible fixed assets Investments Current assets Creditors less than l year Nel as5els 204.405 304.933 438,012 169,756) 886.841 164.873 369,278 304,933 486.803 169,7561 1,091,258 39,544 204.417 26a. Charity analysis of nel assets belween funds UnStrICted Aestricted Total Funds Funds Funds 2023 Tangible fixed assets Inveslmenls Curfenl assets Creditors less Ihan l year Nel assets 236,242 277.760 154,569 390.811 277,760 670,608 174,15n 1.265.022 61.309 174.1571 1,049,144 215.878 Unrestricled Funds Reslricted Total Funds Funds 2022 Tangible fixed assets Ifwestmenls Current asseis Creditors less than l year Net assets 204,405 305,933 380,241 (44.9771 845,602 164,873 369,278 305,933 419,785 {44.9771 1,050,019 204,417 31
Plymouth Highbury Trust Company L5miled by Guarantee Notes to Ihe Financial Statemenls (conllrn*d) Year ended 31 March 2023 27. Pertorrnance ol subsldiary In the year. Plymouth Supported Living recognised turnover 01 £594,789 12022.. £645.9271 and incurred expenditure of £645.487 12022.. £628.8291 resulting in a loss lor the year of £50,698 12022.. £17,098). Nel liabililies al the end ol the year were £8,461 12022 nel asselS= £42,237). These figures have been cons(Aidated within the fInarla1 statements wheie staled. 28. Analysis of ¢hanges in net debt At At 1 Apr 2022 Cash fknvs 31 Mar 2023 Cash at bank and in hano 440,559 257,658 698,217 29. OpeTaling leases The lolal future minimum lease payment under nOn-Can11ab operating leases are as follows.. 2023 2022 Oue less than 1 year Due within 1 to 5 years Due more than S years 1,416 1.416 2,648 30. Related parties At the balance sheet dale. the charty owed £539 12022: £1.4611 lo Plymouth Supported Lwing Lld, a wholly ovmed subsKJiary of Ihe charity. This is a knan from the charty tor £33,449 on which interest of 3% is charged. The loan is repayable on demand. 36