Company registration number. 5554535
Charity ragIstrat￿n number. 252185
Plymouth Highbury Trust
IA company Ilmitad by guarantee)
Annual Report and Flnanci81 Statements
for tho Year Ended 31 March 2024
WESTCOTTS
e￿AAT￿N￿o ACCOUIITANT
• PU#IIIE$S ADVI8

Plymouth Hlghbury Trust
Contents
Reference and AdmlnistratNe Detai18
Trustees, Report
2105
Independent Audltor¥' Report
8109
Con601Klated Statément of Financial Activil
10
Con801id8ted Balance Sheet
11
Balanca Sheet
12
Con801idatsd Stalemtnt of Ca8h Flow8
13
Note8 to the Financial Statement8
14to29

Plymouth Highbury Trust
Reference and Administrative Details
Tru8to8s
Wèndy Brimmicombe
R08emary Sioggall (resigned 18108123)
Hillary H8rrls
Philip Fitzsimmons
Deborah Branlon
Matthew Stewart
Victoria Pear80n
John Knight
Penelope Vvelboume lappoinled 20106r23}
Mary Han80n (appointed 191071231
Mgrtin Newman
So¢rnt•ry
Charlty Regl8trntlon Numb•r
252165
CoM￿nY R•glstratlon Numb•r 5554535
The charity is Incorporated in England and Wales.
Highbury House
207 Outland Road
Peverell
Plymouth
PL2 3PF
R•gl•tored Offlc•
Audltor
Wegtcotts ISWI LLP
Chartered accountants
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
PL6 8LT
Page 1

Plymouth Highbury Trust
Trustges, Report
The trustee5. who are directors for the purposes of company law, present the annual report together
with Ihg financial slalement5 and auditors, report of the charitable company for the yeor ended 31
March 2024.
Strudur•p gov•rn•nco and manag•mènt
The IrustQgs have adopted the provisions of FRS 102, The Financial Reporting Standard applicable
in the UK and the Republic of Ireland,, the Stalem6nt of Recommended Pr8clice applicable lo
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in
the UK and Republic ol Ireland (FRS 102) Icharilies SORP IFRS 10211 and the Charrties Ad 2011 in
preparing the 8nnual report and financial $latem¢nts of the Ptymoulh Highbury Trust.
Our main aclNllies and who w8 try to help are described below. All our charliable aclivi11è8 focu8 in
this direction and are undertaken lo furthèr our charilablg purposes for the public bgnefil.
The company 18 governed und6r its Articles of A880CKqtlon, under these Artlcleg, one4hird of the
trustee3 must ￿tIre by rolalion. Those retiring m8y be reappointed as Trus18es. Trustees afe elected
or re-elected al the Annual General Meeting unless a vacancy arises during the year, when the
individual is then c(￿pIed al the next commitlge m¢eting and seNe8 until the subsequent AGM, New
Trustees musl sign 8 declaration of willingne88 to act as a charity Trustee befor6 he or 8he may vote
at any meetings of Tru8tees. The Trustee8 meet every month. The Manager of Servi¢0$ andlor the
General Manager attend to report on the day-ttrd8y actwf(ie8 of the charitable company. Docision8
8re made by majority voting with the Chairp8rson having 8 "c881ing volè" if necessary. A Steering
Commrtlee exists consisting of tho Chair, Vice Chair, Manag¢r of SeNic8s, General Manager and
Co-opted 8p8cialisl advisors when necessary reporting lo the main committee.
Inductlon and trnlnlng of trustèès
Newly elected or co-opted Tru8lees are given guidance on the management and operation of the
ch8rilable company by the Chair of Trustees and the General Manager. Relevant managemgnl
documentation le.g. polic*s directly affecting the Board of Trusleesl brought lo the attention of the
Trustee. All Tru8lees are required lo undergo an Enhanced CRB check and references regarding
their 8uilability are requested and held on file.
Page 2

Plymouth Highbury Trust
Trustees. Report
Major risks and management of those rfsks
The parent charity and its subsidiary undertaking deal with people wrth learning disabilities and all
legal and recommended guidance is followed when selecting indwiduals who may be Employees or
Volunteers. Also, the parent charity and its subsidiary undertaking have taken out, where possible,
appropriate insurance to safeguard ilsew ag8in8t any such risks which may arise in the circumstances.
The trustees actively ￿vIeW the major risks that the parent charty and ils subsidiary undertaking face
on a regular basis and beligve that maintaining reserves at current levels. combined with an annual
review of the controls over key financial systems and other operations. will provide sufficient
resources in the event of adverse conditions.
Obloctlvei and actlvltlos
Thè object of the parent charity and ils sub8Kliary undertaking 18 lo help and advance the education ot
people wrth learning disabilrties. This also includes helping their parents. guardian$, relalNes and
friends and assisting wrth nationwide studies and research into the causes of leaming disabililios, as
well as increasing public awarene$$ of tho ne8d$ of p¢ople wrth leaming disabilities when pursuing
fund raising acliviligs. The parent charity 8nd 118 subsidiary ore not pemiitted lo undertake any
pemanenl trading lo assist tho laller.
These objectivès are carrted out via the folh)wing conslltuent organisalions with thè charilablo
company, whose income and expenditure are included in the annual accounts.
Highbury Communty Support Service provide5 Day Serv*e opportunities and activili88 in
community setting.
Highbury Hous8 and The Lodge provide Supported Tenancies lo enable people to live
independenlty.
Plymouth Advocacy Service is provided in partnership with The Advocacy People and RAO.
Plymouth Highbury Trust delivers the IMCA, DOLS & Care Act advocacy for the Ctty.
Plymouth Parent Advocacy Project ¢Jeliver8 8pecialisl 8dvocacy for parents who have 8 learning
disabilty whose children are p8rt of 8 Chlld Protection Plan or undergolng Child Care Proceeding8
WISER - Women in Safèr and Empowéring Relalitsnships. A sorvi¢¢ for women with learning
disabilities or boarder line learning dis8bililies who are affected by Domestic abuse
Appoinleeships for people who require support to manage their finances.
Orbrt club a day time service providing a variety of activities.
Social Club 15 open to people with leaming disabilities over the age of 16 years.
A8 with all charitse8, the parent charity and it8 subsldiary undertaking afe very reliant on donallons and
bequests and on behaff of the parent charily and it8 subsidiary undertaking, the Committee would like
lo thank all those donors and volunteers who havg and continue to give their money andlor limo lo
enable the parent charity and its subsidiary undertaking to continuo their charitsble work,
Achlevements and pgrfornance
The parent charity and ils subsidiary undertaking continue to perfom well both operalionalty and
financially. Feedback on all Servicos through formal evaluations remain extremely positive. The
parent charity and rts subsidiary undertaking continue lo provide services for approx 400 people wrth
Learning Di88bilities within the Cty of Plymouth. The parent charity 8nd its subsidiary undertaking
continue disCU5sions with Plymouth Soci81 Services Department and the Plyrnoulh C¢mmuni(y
Healthcare lo lo continually develop services lo meet the requiremenlslpolicies of contractor5 and the
needs of people with Learning Disabilities.
Page 3

Plymouth Highbury Trust
Trustees. Report
Financial review
The Consolidated Statement of Financial Activf(ies shows that incoming resource8 for the year ￿re
£1,543,486 and reserves at 31 March 2024 were £1,364.141. £212,396 of the ro$etves are restricted,
the rest are unreslricled. The to181 expenditure on the parent ¢harity and ils subsidiary undert8king's
objectwes during the reporting period was £1,528,120.
The financial positKJn of the parent charity and ils subsidiary undertaking remains sound, refledlng th8
policy as far as possible of prèvénllng deficits arising and by maintaining a healthy investment
reserve. The parent charity and rt3 sub¥idiary undertaking end88vour to a¢hieve an annual surplus
balance of nel incoming re80urces of unreslricled fund6. Inv&*menl assets ar8 available to Pfovidg
addtiion81 funding when this siluatlon 18 drfferent.
Policy t)n resofvos
11 is not considared that th8 parent charity and its subsidiary undertaking's re$¢ws are excessive in
relallon to ils annual expendrture due to it being very difTicult labng wrth other chariliesl lo pwdict its
non-inv88tmenl and rent81 income level from year to year. Liquid re8eryes al 31 M8rch 2023
amounted lo £570,202 which equate3 lo just over 4 month¥ running c08ts al current lo￿18. The
trustees conlinuou81y monrtor re8erve8,
Investment pollcy •nd obJectlv•s
The P8rent charity and it8 sub8idi8ry undertaking's inveslmanl polScy is lo èncourage growth by
inve81ing in low to mid ri8k inveslmenl8 which produce predictable and regular annual income In order
lo meet the charflY8 f•cuTnng obligations.
Plans for future porlod8
The parent charrty and 118 sub8idiary undertaking W￿11 continue lo develop rts servie8 provision to meet
the needs of ptrop￿ wlth Leamlng Disabiliti'es and to mael the r8quirem¢nts ol changing
policyllegi81ation.
Page 4

Plymouth Highbury Trust
Trustees, Report
Statemènt of trustees. responslbilities
The trustees (who are also the d1￿clOr8 of Plymouth H*Jhbury Trust for the purposes of company lawl
are responsibl8 for preparing th¢ trustees, report and the financpl slalemenls in accordance Wrth
applicable law and United Kingdom Accounting Stsndards IUnf(ed Kingdom Generally Accepted
Accounting Practieel, includin9 FRS 102 "The Financial Reporting Standard applicable in the UK and
Republic of Ireland"
Company law requifes the Iruslees lo prepare financi81 ststements for each financial year. Under
company law the trustees musl not approve the financial slalemenls unless they are satisfied that
they give a Ifue and fair view of the slate of affairs Jf the parent ¢harilable company and the group
and of the incoming resources and application of resources, including ils income and expenditure, of
the charitsble group for that period. In preparing these financial slalemenls, the trustees are required
lo..
$818ct suitable accounting policia$ ontj apply them con81slenlly',
observe the methods and principles in the Charities SORP.,
make judgamenls and 881imales that are reasonable and prudent.,
slate whether applicable accounting Standards, comprising FRS 102 have begn followed, Subject
to any materi81 departures disclosed and explained in the financial slalemenls., and
prepare Ihg financial st8temenls on the going concern basi8 unle88 11 is inapproprBte lo presume
that the parent charitsble company will continue in busingss.
The trustees are responsible for keeping proper accounting records that can disclose with roasonable
accuracy at any lirne thè financ￿1 position of the parent ¢h8rttable company and the group and enable
them to ensure Ihot the financial slalemenls comply with the Companies Act 2006. They are also
re8pon8ible for safeguarding thg a$$¢ls of the parent charrtable company and the group and hence for
tsking reasonable steps for the prevention and detection ol fraud and other irregularit￿9.
The Iruslees are responsible for the m8int8n8nce and integrity of the corporate and financial
Information included on the charitable comp8ny'8 website. Legislation governing the preparation and
di88emin8tion of linancial slalements may diffor from le9i518lion in other jurisdictions.
Dlsclogure of Infomiatlon to audltor
Each trustee has taken steps that they ought lo have 18ken as a Iruslee in order to make themselves
aware of any relevant 8udil information and to e61ablish Ihal the charity's audrtor is aware of that
inf¢rmalion. The trustees confirm that there is no relevant infomiation that they know of and of which
they know the audrtor is unaware.
The annual report was approved by the trustees of the ch8rity on
bohaff by
and signed on its
Wendy Brimmicomte
Trustee
Matt
ew Stewart
Trustee
Page 5

Plymouth Highbury Trust
Independent Auditor's Report to the Members of Plymouth Hlghbury Trust
Opinion
We have audited the fi'nancial slalemenls of Plymouth Highbury Trust {Ihe 'charit8ble parent
eomp8ny'} and ils subsldiaries Ilhe 'group'i for the year ended 31 March 2024, which comprise the
Consolidated Slalement of Financial Activities, Consolidated Balance Sheet,
Balance Sheet,
Consolidated Statement of Cash Flows and Note8 to the Financial Stslements. including 8 summary
of significant accounting policig$. Tho financial reporting framework that has been applled In their
preparab'on is United Kingdom Accounting Standards, comprising Charities SORP - FRS 102 'The
Financial Reporting Standard applicable in the UK and Republic of Ire5and' and applicable law {Unrted
Kingdom Generally Aecepted Accounting Practice).
In our opinion the financial slatemenls..
give a true and fair view of the slalo of the group'$ and parent charity's affairs as al 31 Mar¢h 2024
and of its incoming resources and application of re80urces, including its income and expenditure,
lor the ye8r then ended;
have been property prepared in aGcordance with United Kingdom Generally Accepted Accounting
Practice., and
have been prepared in acGordance with the requirements of the Companie8 AGI 2006 and the
Charities SORP.
8••SJ for oplnlon
We conducted our audit in accord8nce with Inlemalional Stsndards on Auditing (UK) IISAS IUKII and
applicable law. Our responsibilities under those standards are further described in the auditor
re5ponsibililie5 for the audit of the fi'nancial statements section of our report. We are independent of
the group in accordance with the ethical requirements that are relevant lo our audit of the financial
slalemenls in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical
rÈ$pon$ibiliti¢$ in a¢cordanee wi(h these requirernanl$. W& believe that the audit evidence we have
obtained 18 8ufficienl and appropriate lo provide a basis lor our opinion.
Concluslons rglatlng to going concgrn
In auditing the financial slalements, we have concluded that the Iruslee8 U8e of the going conc8m
basis of accounting in the preparation of the financial stalem&nls is approprlale.
Based on the work we have performed, we have not identified any material uncertainties ￿lating to
events or conditions that, individually or collectively, rnay ca51 significant doubl on the group's ability
lo continue as a going concern for a period irf al least tsvelve months from when the original financial
stslemenls were authorised for issue.
Our re5ponsibililies and the responsibilities of the Iru8tee$ with respect to going coneern are
descnbed in the relevant sections of this report.
Other infomiation
The trustees are responsible for the other infomiation. The other infornalion comprises the
information included in the annual report, other than the financial slalemenls and our audilols report
Ihereon. Our opinion on the financial sla18ments does not cover the other information and. except to
the extent otherwise explicrtly slated in our report, we do not express any fomi of assurance
conclu8lon thereon.
Page 6

Plymouth Hlghbury Trust
Independent Auditor's Report to the Members of Plymouth Highbury Trust
In connection wth our audit of the financial statement$, our responsibility is lo read the other
infomiation and, in doing so. consider whether the other inlomialion is materially Incon8islenl with the
financ￿1 slalements or our knowledge obtained in the audit or otherwise appoars to be materially
misslaled. If we identify such material inconsistenc￿$ or app8renl malenal misstatements. are
required lo determine whether there is a material misststement in the financial statements or a
material mis6talement of the other infomalK)n. If, based on the work have perfomied, we conclude
that Ihore is a material misstatement of this other infomialion, we aTe required to report that fact.
We have nothing lo report in this regard.
Oplnlon on othfrr mattgr prescrib•d by the Companle8 Act 2006
In our opinion, bosed on the work undertaken in the course of the audit..
the inform8tion given in the and Trustees. Report for the financial year for which the linancial
slal8m8nls are prepared is consistent wth the financial slalemenls., and
the and Trustees, Report have b¢en prepared in accordance with applic8blo l•gal fequiram8nts.
Mattgrn on whi¢h we are requlred to report by exception
In the IvJhl of our knowledge and understanding of the group and the parent ch8rilable company and
ils environment obtained in the course of the audit, we have not idenllfied materi81 misslalements in
the and the Trusteès, Report.
We have nothing lo report in respect of the following matters where the Compani88 Act 2006 requir•8
us lo report to you if, in our opinion..
adequate accounting ro¢ords have not been kept by the parent charitable company, or retums
adequate for our audit have not been received from branches not visited by us., or
the parent charil8ble company financial statements are not in agreement with the accounting
recordg and relum$.' or
cetsin di$¢losur88 of Iru8lee8 remuneration specrfied bylow are not made.. or
we have not received all the information and explan8tKin8 we require for our audf(.
the Iruslees were not enlilled lo prèpare the financial statements in a￿OrdanCe with the small
companie8 ￿gIMe and lake advantage of the small companies, exemptions in preparing the
TNylees' report and from the requirement lo prepare a strategic roport.
Rtsponslbllities of truste
A8 explained moro fvlly in the Statemanl of trustees, responsibilities l¥el out on page 51, the Iruslees
are responsib￿ for the proparalion of the financial slalements and for being satisfied that Ihey gNe
truo and fair view, and for such internal control as the trustees determine is necessary lo enable the
preparation of finan¢ial slalements that are free from material misslalement. whether due lo fraud or
error.
In preparing the financial st8temenls, the Iruslees are responsible for ass8s8ing the charity'5 ability to
continue as a going concem, disclosing, as applicable, mallers rèlated 10 90ing concem and using the
going concern basis of accounting unles5 the trustees oither intend to liquidate the charity or to cease
operations, or have no realistsc altemative bul lo do 50.
Page 7

Plymouth Highbury Trust
Independent Auditorfs Report to the Members of Plymouth Highbury Trust
Audltor responsibilities for the audlt of the flnanclal statsments
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole
are free from material misslalemenl, whether due lo fraud or emr, and lo issue an 8uditorf8 report
that includes our opinion. Reasonable aSsuT8n￿ is a high level of assurance. but is not a guarantee
that an 8udf( conducted in accordance with ISAS IUKI will always delect a material mis$tsl¢ment
when il exis15. Misslalemenl$ ¢an ari$¢ from fraud or effor and are considered material if, individually
or in the aggregat8, they could roa59nabty be expected lo influence the economic decisions of users
taken on the basis of these fin8ncial slalements.
The extent lo which our procedures are capable of detecting irregulariti68, indL*ding fraud 18 detailed
below..
We identified areas of laws ond regulations that could reasonably be expected lo have a material
effect on the financial statements from our general commercial and sector experience and through
di8CUS8ion wrth the directors and other management, no issues were noted, We communicalgd
identified laws and regu18tions throughout oui team. and remained alert lo any indications ol
non-compliance throughout the audit.
The company is subject lo law8 and regu181ions that govern the preparation of Ihe fingn¢ial
slalements, including flnancial reporting legislation, and other companie8 legislation. The company
15 also subject to other lows and regulations where the consequences of non-compliance could
have a material impact on the amounts or disclosures within the financial Statements, including
employment. ant￿bribery and anli-money launderin9.
Owing ta the inherent limilalion8 of an audit, Ih8re 18 an unavoidable risk that we may not h8VO
detected some material misstatements in the financial slalements, even though we have proper
planned and performed our audit in accordance with auditing standard8. In any audit, there
remains a higher risk of non418lection of irregularitiès. as these may invofve collusion. forgery,
intentional omissions, misrepresentations, or Ihe override Of inl¢mal controls. We are not
responsible for preventing non-compliance and cannot be expected lo delect non-compliance with
all laws and regulations.
A further description of our responsibilities is av8i18ble on the Financial Reporting Council's wabsile
st.. www.frc.org.uklaudilorsresponsibililies. This description forms part of our auditor's report.
As part of an audit in accord8rsce wrth ISA5 IUKI, we trx•r¢ise professional ludgernent and malntsin
professional sceplici8m throughout the audit. We 8180..
Identify and assess the risks of material misslalemenl of the financial slatemenls, whether due lo
fraud or error, de8ign and perform audit procedures responsive to those risks, and obtain audit
ewdence that 15 sufficient and appropriate lo provide a basis for our opinion. The risk of not
delecling a rnalerial misslalemenl rèsulting from fraud is higher than for one resulting from error,
as fraud may invofve collusion, forgery, inlenlDno1 omissions, mi3ropresentalions, or the override
of inlemal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures
that are appropriate in the circumstsnces. but not for the purpose of expressing an opinion on the
effectivene55 of the group's intemal control.
Evaluate the appropri8lene5s of accounting policios used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Page 8

Plymouth Highbury Trust
Indepondent Auditorfs Report to the Members of Plymouth Highbury Trust
Conclude on the appfoprtateness of the trustees use of the going concern ba¥1$ of accounting and,
based on the audit evidence obtained, whether a material uncertainly exists related to events or
conditions that may cast 8ignrfic8nt doubl on the group's or the parent charitable companls ability
to continue as a going concern. If wè conclude th8t e material uncertainty exists. we are required
to draw allènlion in our 8uditorfs report to the related disclosures in the financial statements or,
such disclosure5 are inadequate, to modify our opinion. Our conclusions are based on the audit
ewdence obtained up to the dale of our audilorfs report. However, futu￿ events or conditions may
cause the group or the parent charitable company to cease to continue 88 a golng concern.
E￿lUate the overall presentation, structure and content of the financiol ststemenls. including the
disclosures, and whether the financial slalemenls mpresenl the underlying transactions and
events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarling the financi81 information of tha entities or
business octivlties wiihin the group to express an opinion on the financial slalemenls. W¢ are
r88ponsible for the dir8Glion, suporvision and perfomance of the group audrt. We remain Solely
responsible for our audit opinion.
We cornmunicale with those charged with govemance regording. among other matters, the planned
scope and liming of the audit and Significant audit finding8, including any significant deficiencies in
inlemal control that we identify during our audit.
Use ofour r8port
Thi$ report is made solely lo the charrtable parent comp8ny'8 Iru8lees, a8 a body, in accordance wrth
Chapter 3 of Part 16 of the Companies Act 2Q06. Our audit work has been undertaken 99 that we
might slate to th¢ group's tru61888 those matters we are required to Slate to them In an auditor's
report and for no other purpose. To the fullest extent pemiitted bylaw, we do not accept or assumg
responsibility lo anyone other than tho charitable parent company and ts Iruslee8 88 a body, for our
8udit work, for thi8 report, OT for the opinions we hava fomied.
Adam Croney ACA (Senior Slalulory Auditor}
For and on behalf of Weslcolls (SWI LLP, Statutory Auditor
Plym House
3 Longbridge Road
Marsh Mills
Plymouth
PL8 8LT
Dale..
Page 9

Plymouth Highbury Trust
Consolldated Statement of Flnancial Activities for the Year Ended 31 March
2024
{Includlng Consolldated Income and Expenditure Account and Statament of
Total Recognlsed Gains and Losses)
Unrestricted
funds
Re8trfcted
funds
Total
2024
Total
2023
Note
Income and Endobwnents from:
Donations and legacies
Charrtable activf(188
Other trading activitb$
Inveslrnent income
Other income
108,764
1,265,937
12.212
8.233
9,153
46,375
78,725
15S.139
1.344,662
12.212
8,233
23,220
431,962
1,331,887
10.645
7,289
22.200
14,067
Total income
1,404.299
139.187
1,543,466
1,803.983
Expendltur• on:
Raising funds
Charitable acllville$
Olhor expendi(ure
Total oxpendilure
G8insllbsse81 on
inveslmnl 888et8
13.7511
11,381,893)
173
13,7511
{1,524.5421
173
13.7241
11.533.320)
8,959
1142.6491
10
11,385.4711
1142,8491
11.528,120)
11,546,003)
21,442
21,442
21,8851
Net incomellexpgnditure)
Net movement In funds
40,270
3,482
36.788
236,095
40,270
13,4821
36,788
236,095
Reconclllatlon of fund•
Total funds brought I0￿8rd
Total funds carrfed forward 21
1,111.475
215.878
1.327,353
1,364,141
1,091,258
1.151,745
212,396
1,327,353
All of the group's aclivi11gs derivè from continuing operalions during the above ttvo periods.
The fund8 breakdown for 2023 1$ shown in note 21.
The notes on pages 14 10 29 forni an integral part of these financial slalemenl8.
Pago 10

Plymouth Hlghbury Trust
(Registration number: 5554535)
Consolidated Balance Sheet as at 31 March 2024
2024
2023
Noto
Flxgd assets
Tangible assets
Investments
15
474,035
298,584
390,811
276.760
772,619
667,571
Curr•nt a88•ts
Debtor8
Cash al bank and in h8nd
17
69,627
570,202
639,829
55,353
898,217
753,570
Creditor¥: Amounts fjlllng due wlthln one year
Not Gurr8nt aBs•ts
18
48,307
93,788
591.522
659,782
N•t assets
1.364.141
1,327,353
Funds of the group:
Re8trleted Income fund•
Restricted fund8
212,396
215,878
Unro•trl¢t•d Income fund•
Unrostrlcted funds
1.151,745
1,111,475
Total funds
21
1364 141
1327,353
The financial statements on pages 10 to 29 were approved by tho Irusléas, and aulhorised for i8sue
on
and slgned en their behalf by..
Wendy Brimmicombe
Tru$l¢o
ew Slewort
Trustee
The note5 on page5 14 to 29 fom an integral part of these financial statement$.
Page11

Plymouth Highbury Trust
(Registration number: 5554535)
Balanc• Sh•at as at 31 March 2024
2024
2023
Nots
Fixed assets
Tangible assets
Investments
15
474.035
299.584
773.619
390.811
277,760
668.571
Current a889ts
Debtors
Cash al bank and in hand
17
18,040
547,710
565,750
36.819
30,025
640,583
670,608
cr￿lt018. Amounts hlllng due wlthln one year
18
74,157
Net curr•nt assets
528,931
596,451
Not 1880ts
1,302,550
1,265,022
Fund• ol tho charlty..
Re8trl¢tèd Income fvnd•
Re$lri¢ted funds
212,396
215,878
Unr•8trlct•d Income lunds
Unre81ricted funds
1,090,154
1,302,550
1.049,144
Total fund•
21
1,265,022
The finan¢ial slalemen18 on pages 10 10 29 were 8pproved by the trustees, and authori8ed for issue
on.
and Signed on thair behalf by..
Wendy Brimmtomb8
Tru8tee
Matthew Stewart
Trustee
The notes on pages 14 to 29 form an integral part of these financial statement8.
Page 12

Plymouth Highbury Trust
Consolidatod Statsment of Cash Flows for tho Y•ar Ended 31 March 2024
2024
2023
Not?
Cash flows from opgrating actlvltles
Nel cash income
36,788
238,095
Adjuslrnents to cash flo￿ from non4Ash Itemg
Depreciation
Investment income
(Gainslllo$ses on Investment assets
8,10
25.921
18,233)
21,442
22,607
17,2891
21,885
273.298
33,034
Worklng capltal adjuBtm•nt•
Increase in debtors
(Decreasellincrgase In creditors
Net cash flows from operating acliviliè8
CAgh flow8 u80d In Inyostlng actlvltl88
Interest receivable and similar income
Purchase of tsngible fixed a8S818
Purcha8e of investments
Sale of investments
17
18
114.274)
145,481
19.109)
24,032
26,721
288,221
8,233
1109.1451
13,000}
2.618
7,289
144,1401
132,9781
39.266
15
Nel c88h fli)ws from inve61ing 8CtNilies
Nel Idecrea8ellincrea8e in cash and equivalanl$
Cash and cash equivalen18 811 April
Cash and cash equivalents al 31 March
101.294
30,563
1128.0151
698,217
257.658
440,559
898.217
570.202
All of th8 ca¥h flows are dOri￿d from continuing operations during the above ￿riOds.
The notes on pages 14 10 29 fomi an integral part of these financial statements.
Page 13

Plymouth Hlghbury Trust
Notes to the Financial Statemants for the Year Ended 31 March 2024
1 Charity itatu•
The Ghority Is limited by guarantee, Incorporated in England and Wales. and consequently does not
have Share capital. Each of the tw$le¢$ is liable lo contribute an 8mount not exceeding £1 towards
the assets of the charity in the event of liquidaticn.
The aédress of its regi5tere(l office is..
H￿hbury House
207 Out18nd Ro8d
Pev8rell
Ptymouth
PL2 3PF
2 Accountlng pollclo•
Summary of slgnlllcant accountlng Pollcles and key accounting o•tlmate
The principal accounting policies applied in thg preparation ol these financial statem8n18 are set out
below. These policies have been con3istenlly applied to all the years presented, unl888 otherwise
$laled.
Stat•m•nt of compllance
The financial slalgm¢nt$ have been prepared in accordance with Accounting and Reporting by
Charrties.. Slalemenl of Recommended Pradice {applicable lo charities preparing their accounts in
8ccordance with the Financial Reporting Standard applicable in the UK ond Republic of Ireland IFRS
1021} lissued in October 20191 IChaTilies SORP IFRS 10211, the Financial Reporting Standard
appllcable in the UK and Republic of Ir818nd IFRS 10218nd the Companies Act 2008.
Ba•is of preparotion
Ptymotslh Highbury Tru8t meets the definition of a public benefrt entity undor FRS 102. A85el8 and
li8bililie3 are initially re¢ognised al historical cost or Irans8clion value unle85 olherwi8e stsled in the
relevant accounting policy notss.
B••i• of consolldatlon
The consolidated financial slalements consolidate the financial $tatom8nts of the ch8rty and its
¥ub¥idKary undertakings drawn up lo 31 March 2024.
No slalemenl of financial activities is pr6$&nled for the charity 88 permilled by 88clion 408 of the
Companies Act 2006. The charity made a surplus after tax for the financial year of £37,528 12023
£215,003).
Page 14

Plymouth Highbury Trust
Notes to the Financial Statements for the Year Endod 31 March 2024
A subsidiary is an entty control￿d by the th8nty. Control is achKgved where the charity has the power
to govern the financial and operating wlici88 of an enlty so 83 to oblaln tenefts from ts activities.
The results of subsidiarie5 acquired or disposed of during the year ar8 included in the ststement of
financial acliwties from th8 effectiv8 dale of acqui511ion or up lo the effectwe dale of disposal, as
appropriate. Where necessary, adjustments are made lo the financial statements of 8ubsidiarie$ lo
bring their accounting policies into line with those used by the gfotsp.
Inler-camp8ny trans8Ctions. balances an¢J unre8llsed g8ins on tranSaCt￿n$ ba￿en the ¢harity 8nd
Its subsidiaries, which are related parties. are olirninated in full.
Summary of dis¢losur8 oxèmptlons
The enlily satifies th8 cril8ria of being a qualfiying entity a8 defined in FRS102. As such, adv8ntage
has bèen taken of the following disclosure exemptions available under paragraph 1.12 of FRS102.'
8} No cash flow 31atem&nl h88 been presented for the cornpany.
bl Dis¢lo3ures in re¥pe¢t of financial in8trumenl8 have not been pr850nlèd..
Going concom
The Iruslees consider that there are no material uncertainties about the group'y abilily to continu8 88
going concem nor any 8ignific8nt areas of uncertainly that 8ffeel the c8rying value of a58e18 held by
the group.
Judgoments and koy •OUrc￿ ofejtlmatlon unc•rtalnty
The PTepar8lion of the linanci818lalements requires managemgnl lo make judgements. eslimale8 and
ossumptions Ihal affect the amounts reported. These eslimotes and judg8m8nls are continually
reviewed and are based on experience and other f8clor8, including expeclotions of future events Ih8t
are believed to be reasonable under the Gircumstances. The judgements (apart from those invofving
eslimalion81 that m8n8gemenl has made in the process of applying the enlily's accounting policies
and that have the most significant effect on the amounts recognised in the linancial statements arn as
follows..
Delermlne whether the￿ are indicalor8 of impairment of the eompanys langlble 888ets. Factors
taken into consideration in reaching such a decision include the economi¢ viability and expected
future financial performance of the asset.
Other key source8 of estimation uncertainly
Tangible fixed os$g18
Tangible fixed assets are deP￿CIated over their useful lives taking into account residual values, where
appropriate. The aGlual lives of the assets and residual values are assessed annually and may vary
depending on a number of factors. In r6-assessin9 asset lives, factors such as 1g¢hnological
innovation, product lrfe cycles and maintenance programme5 are taken into account. Residual value
assessments consider issues such as future market ￿nditIonS, the remaining useful life of the a8set
and projected disposal values.
Page15

Plymouth Highbury Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
Income and endowments
All income is recognised once the charity has enlillemenl lo the income, it is probable that the income
will be received and the 8mounl of the income receivable can be measured reliabty.
Donatlons and legacles
Donations are recognised when the charty has been notified in writing of both the amount 8nd
settlement dale. In the event that a donation 18 subject to conditions that require a levèl ol
performance by the ¢harity before the charfty is entitled lo Ihè funds, the income is deferred and not
recognised until 811her those conditions ar8 fulty m81, or Ihg fulfilmenl of those conditions is wholly
wrthin the control of the chartty and it is probable that those condf(ion$ will b6 fulfilled in the reporting
period.
Legacy gffts are recogniseil on a c858 by case basis following the grant of probate when the
adminislr8torlexecutor for the eslale has communic81ed in writing both the amount and settlgrnenl
dale. In the 8venl that the gift is in the form of an asset other than cash or a financial asset traded on
recognised stock exchange, recognition is $ubje¢l lo the volu8 of the gift ￿Ing reliably measurable
with a degree of reasonable accuracy and the title lo the assgt h8ving been transferred lo the charty.
Grants nTrc•lvable
Grants are recogni8ed when the group ha8 an enlillemenl to the funds and any conditions linked to
the grants have been rnel. Where performance conditions are allached lo the grant and are yel lo be
mel, the income is recognised as a liability and included on th¢ balance sheet a8 deferred income to
be released.
Invastmont Income
Dividends are recognised once the divldend ha8 been declared and notIf￿allOn has been recelved ol
the dividend due.
Expendlture
All expenditure is recognised once there is a legal or constructive oblig81iDn lo that expendf(ure. il IB
prob8ble settlement is required and the amount can be measured reliably. All costs are allocated to
the applicoble gxponditure h&ading that aggrègate similar costs lo that C8legory. Where costs cannot
be directly attributed lo Part￿￿[ar headings Ihey have been allocalad on a basis consi518nl w(th the
use of resources, wrth central staff costs allO￿ted on the basis ol time spent, and d¢precialion
¢horg93 allO￿ted on the portion of the 888et'8 Use. Other 8UPPOrt costs are allocated based on the
spread of staff costs.
Ralslng lunds
These are cos18 incurred in attracting voluntary income, the management of investment$ and those
incurred in trading actNf(ies that raise fund8.
Charltable actlvltles
Charitable expenditure compri$e$ those eosls incurred by the charty in the delNery of 118 activities
and services for ils beneficiaries. 11 includes both c051s that can be allocated direclty to such acts'vities
and those costs of an indirect nature necessary to support them.
Page 16

Plymouth Hlghbury Trust
Notes to the Financial Statsments for the Year Ended 31 March 2024
Taxatlon
The charity is considered to pass the tests set out In Par8gr8ph 1 Schedule 6 of the Finance Act 2010
and therefore il meets the definition of 8 charitable company for UK corporation tsx purpo8e8.
Accordingly. the charrty 18 potentially exempt from taxal￿n in respect of income or capltal gains
received within Galegories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section
256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are
applied exclusively to chariiablg purposes.
Tanglblg flxed assots
Individu•l fixed assets are initially recorded at cost, 1888 arsy 8ubsequgnt acGumulaled depreciation
and subsequent accumulated impairment10ss8s.
Deprèclatlon and amortlsatlon
Depreciation 15 provided on tsngibl& fixad assets 80 88 to write off the cost or valuation, leB8 any
eslim8ted residual value, over their expected useful economic life as follows..
A•set ¢1•
Fréehold property
Fixtures and fillin98
Molo¥ vehKle8
0opreclJtion method and rat•
2% 3lraighl line
20% slraighl line
25% Straight line
Impalrment of fl¥ed assets
review for indlcators of Impalment Is carrled out 81 each reportlng dale, with the Tecov8rable
arnounl being eslimaled where such indicator$ ¢xi$l. Where the carrying value exceeds the
recoverable amount, the a88et Is impaired accordingly.
Bu¥lnes8 comblnatlons
Business combinations are accounted for under the purcha88 method. Where necessary, adjuslm8n18
are made lo the linancial slalemenls of subsidiaries lo bring the accounllng pollcies used into line with
those used by the group. All inlro-group Ifan5aclion8, bal8nc88, income and expenses are eliminated
on con801idalion. In accordance with Section 35 of FRS 102, Section 19 of FRS 102 has not been
applied in these financial statements in respect of business combinations effeGled prior lo the date of
Iran$ilKJn.
Flxed asget Investment8
Fixed asset inveslmenls. other than programme reLaled inveslmenls, are included at market value al
the balanca sheet dale. Realised gains and losses on investments are calculated a¥ the difference
be￿een ¥ale5 proceeds and their rnart(el value al the start of the year, or thoir Subsequent cost. and
are charged or credited to the Statement of Financlal Activities in the period of disposal.
Unre81i8ed gains and 1088e8 repre8ent th8 movem8nl in markd values during the ye8r and ale
Grediled or charged to the Slalement of Financial Actiwlies based on the market value al Ihg ￿ar end.
Page 17

Plymouth Highbury Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equlvalents
Cash and cash equivalents comprise eash on hand and c811 deposits. and other short-lerm highly
liquid investments that a￿ readily convertible lo a known amount of c88h and are subject to an
in8fvjnlf￿8nI risk of change in value.
Fund structure
Unrestricted income fund8 are general fund$ that arg available for use at the trustees discTetion in
furtherance of the obj¢¢lrve8 of the group.
Re$lri¢led income funds 8re those donated for us• in 8 particular area or for specific purposes, the
use of which is restricted lo that area or purpose.
Flnan¢l•l Inotruments
Cl•Jslflcatlon
Financial assets and financial liabilities ar8 reco9ni8ed when the group become8 a party to the
contractual provisions of the instrument.
Financial liabilrties and equty instruments are classtfie¢J a¢¢ording to the Substance of the conlraclual
arrangement$ entered into. An equity Instrument is any conlr8GI that evidences a residu81 interest in
the assets of the group after deducting all of it8 liabililte8.
R•cognltlon and measurnment
All fin8ncial a88els and Iwbililies are initialty measured al Iran8action price (including Iranso¢tion
C05ts}. ¢x¢epl for those financial assets classified as al lair value Ihrou9h profil or loss, which are
init￿llY measurgd al fair value (which is nomally the transaction price excluding transaction coslsl,
unless tho arrangement con8lilul&s a financing Irans8clion, If an arrangement constilules a financing
tr8nsaction, the financial asset or financi81 liabilrty is me8sured at the present value of the future
P8yments discounted 81 a market rate of interest for a simil8r debt inslrumenl.
Flnanclal a88ets and liabilities are only offsèt In the slalemenl of financial posth'on when, and only
when there exist8 8189811y enforceable right lo sel off the recognised amounts 8nd the group intends
eilhor lo $8tt1e on 8 nel ba818, or to reali8e the as8et and settle the li8bllily 3imultaneous1y.
Financial assets are derecogni8ed when and onty when al the contractual rights to the cash flows
from the fin8nual asset expire or are settled. bl the group transfer8 lo another party 8ubstsnlially all ol
the risks and rewards of ownership of the financial asset, or cl the group, desPrt6 having retained
some, but not all, significant risks and rewards of ownership, has transferred control of Ihe asset to
another party,
Financial li•biliti8s are derecogni8ed only when the obligation specified In the conlrxl 18 dlscharged,
caneelled or expifes.
P8ge 18

Plymouth Highbury Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
Investments
Investments in non-convertible prefgrence shares and non-puttable ordinary or preference shares
(where shar¢s are publicly traded Dr their fair value is reliably measurable) are measured al fair value
through profit or 105s. Wh8fe fair value cannot b9 measured ieliably, inveslmanls are measured al
cost less impairnient.
Inveslrnen18 In sub8ldiarie8 and associates are measu￿￿ al ¢o$l le88 impairment. For investments in
subsidiaries acquired for consideration including the issue of sharos qualifying for merger relief, cost
is measured by reforonce to the nomin81 value of th8 shares issued plus fair valué of other
consideration. Any premium is ignored.
F•lr valu• measurement
The b88t evidence of fair value is a qut)ted price for an identical asset in an activè markét. When
quoted prices are un8vailable, the price of a re￿￿1 transaction for an identical 88set provides
evidence of fair value as long as there has not been a significant ¢h8nge in economic circumstances
or a significant lapse of lime since the Ir8nsaclion took place. If the market 15 not active and recent
tmn8aclion8 of on identical asset on their own are not a go(>J estimate of fair value, the fair value 16
esllmated by using a valuation technique.
3 Income fr4xn donatlonl and leg¥cl••
Unrg¥trl¢tsd
funds
General
R•#trlct•d
fundi
Totsl
2024
DonalSon8 and legacies.,
Donations and subscrfptions
Grants, including Gapital grants.,
Gronl funding
13,340
13,340
46,375
141,799
1S5,139
108.764
Unrestrlcted
fund8
General
Ro8trl¢tod
fund$
Totsl
2023
Donations 8nd legacies,,
Donations and subscriptKJn8
Leg8cies
Grants, including ¢aplt81 grant8'.
Grant funding
3,4
289.795
30
3,528
289.795
42,290
42,320
136,641
431.962
389,642
Page 19

Plymouth Hlghbury Trust
Notss to the Financial Statements for the Year Ended 31 March 2024
4 Income from charltabl• actlvltloq
Unrestricted
funds
G•n8ral
Restrlcted
nd8
Total
2024
Care and Services fee8
Rafreshmants and good6 sold
1,246,919
19.018
78,725
1,325,644
19,018
1,344,662
1,265,937
78,725
Unrestrictsd
lunds
General
Rmtrlctsd
fund8
Totsl
2023
Care and service5 fees
Refreshments and good8 801d
1,225,482
14,249
1,239,731
92,156
1,317,638
14,249
1,331,887
6 Incomo from othor tradlng actlvltles
Unre8trlctod
funds
Gentsrnl
Total
2024
Totsl
2023
Fundrai8ing actNilkg8
12,212
12.212
12.212
10,645
12,212
6 Investment Income
Unr•8lrlcted
funds
Genornl
Total
2024
Total
2023
Bank inlgresl
Income from listed investments
Other investment income
1,062
8,243
928
1,062
6,243
928
197
6,164
928
8,233
8.233
7.289
Page 20

Plymouth Hlghbury Trust
Notss to the Financial Ststsments for the Year Ended 31 March 2024
7 Other incom8
Unrestrlctod
funds
Genernl
Restryct•d
funds
Total
2024
Other income
9,153
14.067
23,220
Unrostrict•d
fund$
Genernl
R•8trfctgd
funds
Totsl
2023
other incom•
8,759
13,441
22,200
8 Expendlture on rahlng fund•
Unrestrktsd
funds
Ggn•rnl
Total
2024
Total
2023
Portfolio managemonl
3,751
3,751
3,724
g Exp•ndlture on charftsble actlvltles
Unrestrlcted
funds
G8n•r41
Re•trlcted
funds
Totsl
2024
Total
2023
Staff ¢￿t5
Sarvices
Administrative cos18
Pn)fessional costs
Depre¢Katts)n
1,118,967
180,114
13.115
54,080
15,617
1 381,893
116.882
10,875
2,181
2,427
10.304
1.235,849
190,989
15,276
56,507
25,921
1 524,542
1,276,588
177,793
23,220
33,134
22,607
1533,320
142.649
10 Other oxpondlture
Unr¢strlctsd
fund$
General
Total
2024
Totsl
2023
Corporation tax (receivablellpayable by trading
subsidiary
173
173
Page 21

Plyrnouth Highbury Trust
Notes to tho Financial Statements for the Year Ended 31 March 2024
11 Plymouth Supported Llvlng Llmltgd
2024
2023
Tumover
C08t of 88188
Gross profit
Dlstribulion costs
Administrative expenseB
Profft before tax
T8x on profrt
Profft for the finanaal year
582.764
1486,287}
96.477
133,2991
162,610
568
{1081
460
875,539
{485,8451
189,694
131.6691
{127,9731
30,052
18,9591
21,093
2024
2023
Assets
Llabiliti88
74,618
110,828
63.790
83,502
20,1721
63,330
2024
2023
Share capital
Profit and Ioss 8ecounl
1.000
62.790
1,000
62,330
63.330
83,790
12 Net Incomlngloutgolng r•sources
Net incoming re8ourc88 for the year include..
2024
2023
Depreciation
25.921
22,607
13 Audltorn. remunèiadon
2024
2023
All non-audil fges
Audit of the financial statements
5,300
10,600
3,510
6,970
Page 22

Plymouth Hlghbury Trust
Noto5 to tho Flnancial Ststements for tho Year Ended 31 March 2024
14 Staff costs
The aggregate payToII costs were as follows..
2024
2023
Stsff coBts durlng the year w•rn:
Wages 8nd $alarie5
Pension costs
1,215,338
20,511
1,235,849
1,175,854
1,195,816
The monthty average number of persons (including senior managemènt I leadership leaml employed
by the group tjuring the year oxpressed a8 full lime equivalents was a¥ follows".
2024
No
69
2023
No
70
Total
No employe8 received emoluments of more than £60.000 during the year.
15 Tanglblo flxed Js8•ts
Group and charlty
Fr8ehold Flxtures and
property
flttlng•
Motor
v•hlcl•s
Totsl
Cosl
At 1 April 2023
Additions
Di8posal8
At 31 March 2024
717,102
92,763
32,664
16.382
30,864
59.855
809,421
109,145
30,864
809,865
18,182
59.655
887,702
D•preclatlon
Al 1 April 2023
Ch8rgg for the year
Ellminaled on di8p08als
Al 31 March 2024
329,228
21,150
29.729
4,771
30,864
59.655
418,610
25,921
30,884
350.376
3,636
59,65S
413,667
Net book value
Al 31 March 2024
459 489
14.546
474 035
Al 31 March 2023
387 876
2,935
390811
Page 23

Plymouth Hlghbury Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
16 Flxed asset Invo•tmenti
Group
2024
2023
Other inv88tments
298,584
276,760
othor Investmonts
Llstfjd
Invo8trnonts
Tot•1
Cost or Valuatlon
At 1 Apnl 2023
Revaluation
Addition5
Dlsposals
At 31 March 2024
276,760
21,442
3,000
2,618
276,760
21.442
3,000
2,618
298,584
298,584
Net book valug
At 31 March 2024
298,584
298,584
At 31 March 2023
276,760
276,760
Charlty
2024
2023
ShaTe5 in group und8rtaking8 and participating interests
Other Investmènts
1,000
298,584
1,000
276,760
277,760
299,584
Share8 in group undert8kings and partlcip8tSng interests Is made up of the c081 of shares of Plymouth
Supported Living Limited.
Other investments are the same as held by the group above.
17 Debtorn
Group
2024
Charlty
2024
2023
2023
Trade debtors
Prepayment¥ and accrued
income
52.923
11.824
1,336
7,644
16,704
43,529
16,704
22,381
69.627
55,353
18040
30,025
Page 24

Plymouth Highbury Trust
Notes to the Financial Statements for the Year Ended 31 March 2024
18 Cr8ditorn: amounts falling due within one year
Group
2024
Charlty
2024
2023
2023
Trade creditors
Due to group undertakings
Trading subsidlary corporation
tsx payable
Other creditors
Accruals and d¢f¢rred incomè
2,987
8.510
1.117
539
6,286
539
4,937
2,272
38,111
14,470
2.272
32.891
70.808
93,788
67,332
74,157
36.819
19 D&forr•d Incomo
2024
2023
A¥ al stsrt of period
Amount rgleased lo Incoming resource8
{9,247)
9,247
Deferred Income related to grants received with specrfic cond￿lanN in prior perlod8.
20 Obllgatlon8 undor lea888 and hlre purchaBO contrncts
The lolal value of future minlmum lea8e payments wa$ a$ follows..
Group
2024
Ch•rlty
2024
2023
2023
Wf(hin one year
In ￿ to five years
In over five years
1,416
2,831
1,416
1,416
1,416
2,831
1,416
1,416
2.634
4247
5,466
Page 25

Plymouth Hlghbury Trust
Notes to the Financial Statements for tho Year Ended 31 March 2024
21 Fund•
Group
Balance at
Balanco at
31 March
2024
Incomlng Resource•
resources
•xp6ndod
Galn
1088•B
2023
Unre*trfct•d funds
Genernl
1,111,475
1,404,299 {1,385,471)
21.442
1,151.745
R•8lrfctgd fund8
Communlty Hall
Advocacy
154,569
61,309
110,304)
132,345
{142,649
144.265
68,131
212.396
139.167
215,878
139.167
Total fund•
1,327,353 1,543,466
1.528,120
21,442
1,364,141
Balance at Balance It
1 Aprll
1 Aprll R•8ourceg
2022
2022
expended
Balance at
31 M•rch
2023
Galn•l
losso¥
Unrn•trf¢tod fund•
G•norn1
886,841
1,656,ce8 11,409,547
{21,8851
1,111,475
Ro•trlctod funds
Communty Hall
Advocacy
164,873
39,$44
204,417
110.3041
126,152
136.456
154,569
61,309
215,878
147,917
147,917
Total fund•
1.091.258
1803,983 1,327,353
1,546,003
21,885
Page 26

Plymouth Hlghbury Trust
Notes to tho Flnancial Statements for the Year Ended 31 March 2024
Charlty
B•ian¢e at
1 Aprll
2023
Balance at
31 March
2024
In¢omlng Rosources
resourG•s
expended
Gainsl
losses
Unrtstrl¢ted funds
General
1,049,144
821,535
1801,9671
21,442
1,090,154
R•itrkt•d fund•
Communty Hall
Advocacy
154,569
61,309
215,878
110,3041
132,345
144,265
68,131
212,396
139,167
139,167
142,649
Total fund•
1,265,022
960.702
944,616
21,442
1.302,550
8alance at
1 Aprll
2022
B•lancg at
31 March
2023
Incomlng Re80ur¢••
rosourcei
exp8ndod
G•ln•l
losses
Unrestrlcted funds
G•n•rnl
845,802
1,061.278
{835,851)
121.8851
1.049,144
Restrlcted fundB
Community H811
Advocacy
164,873
39,544
204,417
110,304
1126,152
136,456
154.569
61,309
21 5.878
147.917
147,917
Totol fund•
1,050,019
1209,195 1,265,022
972,307
21,885
The specific purposes for which tho funds are to be applK?d are a8 followB'.
The community hall fund represent8 donation8 mad• towards the refurbi8hmenl of the community hall.
This was completed in 2011 with the lot81 co81 being £382,627. of whi¢h £288.521 was raised through
donations. This Is being depreciated over 28 years.
The advocacy fund 15 held lo ensure that there are $uff¢ienl reserve8 to contlnue the advocacy
setvices offered by the charity.
Page 27

Plymouth Highbury Trust
Notes to the Financial Statements for tho Year Ended 31 March 2024
22 Analys56 of net assets betwoon funds
Group
Unregtrlctsd
funds
General
Totsl fund8
It 31 March
2024
Restrl¢ted
funds
Tangible fixed 888ets
Fixed asset investments
Current assets
Current li8bilille$
329,770
298,584
570,424
147,0331
1,151,745
144.265
474,035
298,584
639,829
148,3071
89.405
(1,274)
212,396
Total net as8el8
1,364,141
Unrnitrlcted
funds
General
Total funds
at 31 March
2023
R•8trlct6d
funds
Tangible fixed assets
Fixed asset invaslm8nls
Current asset3
Current liabilities
236,242
276,760
692,281
193,7881
154,569
390,811
276.760
753,570
193,7881
1,327,353
61,309
Total net assets
1,111,475
215.878
Char￿Y
Unr•strlGt•d
funds
Gon•ral
Totsl fund8
at 31 March
2024
Rgstrlcted
funds
Tangible fixed as8els
Fixed asset investments
Current assets
Current liabiliti86
329,770
299,584
496,345
35,5451
1,090,154
144.265
474,035
299,584
565,750
136,819
89,405
1,274
Total net assets
212.396
1 302,550
Unrostrlctod
funds
Genèral
Total fund8
at 31 March
2023
Rostrlcted
funds
Tangible fixed 8ssels
Fixed asset investments
Current assets
Current li8bilil*s
236.242
277,760
609,299
74,157
154,569
390,811
277,760
670.608
74,1 $7
1,265,022
61,309
Total net a58e18
1,049.144
215,878
Page 28

Plymouth Highbury Trust
Note8 to the Financlal Statements for the Year Ended 31 March 2024
23 Analysls of net funds
Group
At 1 April
2023
Flnanclng At 31 March
cash flo
2024
Cash al bank and in hand
698,217
127,515
570.702
Nel debt
696,217
127,515
570,702
At 1 Aprfl
2022
Flnancing At 31 March
cash flows
2023
Cash at b8nk 8nd In hand
440,559
257,658
698.217
Nel debt
440.559
257,658
698217
24 Commltment8
C•pltal commltments
Works are being carried out lo in8lall a new lift in premise$ of Ptymoulh Highbury Trust, wlth a total
e81imated cost of £197,592. Of thi8 £53,001 ha8 been included in capital expenditure in the currènt
poriod, leavlng a commitment at the year end 01 £144,591.
Slnce the end of the year, based on updated e¥limales from i$8u88 with work being carried oul the
estimated Gog1$ have ine￿ased by £10,565.
There were no capital commitmen1$ lo dI8close al the end of the prior period.
25 Trustee8 remun•ratlon •nd exp•n8es
NO trustees, nor any persons connected with them, have received any remuneration from the group
dunng the year.
No IruBlee8 have received any reimbur8ed expen8e5 from the ¢haiity during the year.
26 Related party transactlon8
Charity
During the year thg charity made the following related pafty transactions..
Plymouth Supportgd Llvlng Llmlted
(Wholly owned subsidiary)
At the balance sheet date the amount due to Plymouth Supported Living Limited was £53912023
£5391.
Page 29