Company Tegistrath)n number. 5554535 Chority regIStran nvmber. 252165 Plymouth Highbury Trust (A cY by guarantse) Annual Repcrt ond Finanaal Slatements forthe Yw Ended 31 March 2025 WESTCOTTS CHAQTERED ACCOUFITANTLI • VUSIME55 AOVISÉAS
Plymouth Highbury Trust Contents RelenCe and A4ninistrative DetsiL8 Trust, Report 2to5 IndepeThJent Auditors, Rep)rt 6t09 Consoltdatod Stment of Financial 10 Consolklated Balance Sheel Balance Shogt 12 ConsolKlated SL3temenl of Cash 13 Notes lo the Financial Statements 14to30
Plymouth Highbury Trust Refernnce and Administrative Details Trust•es Wendy Brwnmh))mbe Hil&ry Harris Philtp Fitzsimmon$ (Cessat*)n 05108r2025) Deborah Branton Matthff S1edrt John Knvjht PeneloFe Weknume Mary Hanson Stephen Wall Martin Nthnan Secretary Charity Registration Nwib•r 252165 Company R•gistrntion Number 5554535 The is incorporated in Engknd and Wales. HwJhbury House 207 Outland Road PeveIl Ptymoulh PL2 3PF Reglstered Office Auditor Westcotts (SWI LLP Chartered accountants Plym House 3 LongbrMJge Road Matsh Mil Ptymouth PL6 8LT
Plymouth Highbury Trust Trustees. Report The twstw. who are directors for the purpM)ses of rnpanY Law, present the annual report together wrth the fin8ncBI statements and audttors. reFQrt of the tharitable company for the year ended 31 arch 2025. Structure, go¥•mance and management The trustees have adopted the provIsnS of FRS 102, The Financial ReportirMJ Standarrl applrab in Ihe UK and the Republi¢ of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in ac¢ofrlance wth the Financial Reporting Stsndard appluble in the UK and Republic of Iland IFRS 1021 ICharrtE5 SORP IFRS 10211 and the Chantie5 Act 2011 in praparing the annual rep)rt and finan¢o1 Stalem of the Ptymouth Hyhbury Trust. Our rnain 8dwitie$ and who we try to help are described beknv. All our Charitab activrtie5 focus in this diredion and are undert8ken to further our charitable purposes forthe Publ benefft. The cornpany is govemed under its ArtS of Associ. under these Artth. one-lhird of the trustees must tire by rotation. Those retiring rray be reappointed as Tnjstees. Trustees are elected or re-elected at the Annual General Meeting unless a va¢an¢y arises during the >tar, when the indwidual is then C(pted at the next committee meeting and serves until the Subsequent AGM. New Trustees must sign a dedaratjon of wllingness to as a charity Trustee before he or she may vote at any meetings of Trustees. The Trustees meet bi-monthty. The Ch1 Executive Office andltsr the Chief of Siaff attend lo report on the day-t041ay actiwties of the Charitsb company. Decisions are ma¢Ye by majorty voting with the Chairperson hwng a "casting vote" if necessary. A Steering Committee exists cOnSting of the Chair, Vice Chair. Manager of Services, General Manager and Co-opted specAalisl adw.sors ¥then nw$sary rwting to the main commitle¢. Induction and tsainin9 of trvstees Newly 9kcted or cmpted Trustees are gNen guidan on the managemert and operation of the charitable c<ynpany by the Chair of Trustees and the GeneTrl Manager. Relevant management documentation le.g. po5icYès dIdY affecting the Board of Trustee51 is brought lo the attentH)n of the Trustee. All Trustees are Tequired to undergo an Enhanced CRB check and references reg8r(ling their suilabilty are reque5tsd and held on file. Page 2
Plymouth Highbury Trust Trustees. Roport Major rfsk$ and management of those ii5ks The parent chanty and its subsidiary undertaking deal wth reop IMth baming disabiliiies and all legal and recommended guidance is frJlk)td wh8n Se.g indmduab who may be Employees or Volunteers. S0, the parent charity and 115 subgdKqry undertaknn9 have taken out, Whe possible, appropriate insurance to safeguar(l tsew against any such iisks which may arise in Ihe circumstances. The trustees actNely review the major risks that the parnt charity and Tts subsidiary undertaking face on a regular basis and believe that maintaining reserves 81 CutnI levels, rnbined with an annual Wgw of the c4JntroLs oNEr key fin8nfial $emS and other operat)ns, wll provide sufficient r880urces in the event of adverse condith)ns. Objecuvw and actlvities The obj'ect of the parent chanty and its subsidwry undertaking is to help and 8dvance the education of people th 3M1ng dwb1lits. This also indudes helping Ihgir parents, guardwns. relalNes and friends and ass151ing with n8110nde stUdS and research into the yse5 ol leaming disabilitEs, as well as increasing public awareness of the needs of people wf(h leaming dksabilKiw when pursuing fund raising aClMtS. The parent charty and its subsidiary are not permitted lo undertake any permanent trading lo assist the lattgr. These objectives are camed out via the folkm.ng constituent organisations ¥th the ¢haritabla company, whose income and expendire are induded in the annu818(xxJunts. Highbury Communty SuFPOrt Seryir provK1es Day Serv8 opportunth.es and activ1b in communty setting. Highbury House and The Ljge pwdg Supwrt&J Tenanaes to enabte people to INe independgntly. . Ptymouth A0oCacY Sere ts provKled in partnership with The Adv Peopbe and RAD. Plymouth Highbury Trust delive the IMCA. DOLS & Care Act advocacy for the Cty. . Plymouth Par&nt Advocacy Project delNer5 speckqlisl advocacy for parents who have a em13 disabilty whose Childn are part of a Chikl Prolecin Plan or undergoing Child Care Prcteedings WISER - Women in Safer and Emporing Relationships. A serwce for women wrth leaming disabilrties or boarder line leaming dlsabi1rt who a aff&#ed by Domeic abuse . Appoinleeships for people who require support to manage theirth8nce$. . Orbit ¢lub- a day time service prowding a N7riety of activr(s. . Social Club k% open to peop with leaming dati11[ over the age of 16 years. As with all chafits, the parent Charity and ils subsNJiary undert8king are very reliant on donations and bequesis and on behalf of the parent charty and its subsKliary undertaking, the Committee woukl like lo thank all those dofiors and volunteers who have and continue to give their money andlor lime to enable the parent charity and its Subsidiary undertithng to contmue their Charitab work. Achlevements and p•rfomwn¢o The parent charity and its subsidiary undertaking ¢(xrtinue to rfOrni well both operationally and financialty. Feedbac on all SeM¢es through fornal evaluations remain extremely posrtive. The parent charity and its subsidiary undertaking conlinue to provkle seNice5 for approx 400 people Leaming Disabilities vnthin the Cty of Ptymouth. The parenl ¢harity and rts subs*Jiary undertaking continue discussions wrth PlOUth Sockal Servw Department 8nd the Ptymouth Community H&aKh¢are to to continually devekjp services lo m8et the requirerr£ntslpolicies of contractors and tho need5 of Peop with Loaming Disabilities. Page 3
plouth Highbury Trust Trustses. Report Flnanclal review The Consolidated Ststemenl of Fin8ncial Actwihes shows that incoming resources for the year wwe £1,727,939 and SerVeS at 31 March 2025 were £1.487.528. £250.679 of the reserves are restricted, the rest are ntriCte(J. The total exFondiiure on the parent charity and ts sUbsl9ry undertaking's objectNes during the reporting per was £1,608,308. The financial posthn ol the parent chaty and ts subsidiary undertaking rerrrains sound, le11n9 the )licy as far as possibJ8 of preventing defth arising and by maintaining a heatthy investn)8nt reserve. The parent chanty and its $ubsidKary undertakn'ng endeavour to achieve an annual surplus baLance of net incoming resources of unre51ricted fvnds. Inveslmenl assets are ayaikble to provide addrt¥)nal funding vthen thi$ siiuabon is different. Pollcy on reseThes 11 is not con$idgred that the parent charity and its subsNJwry un(lert8king's reserves are 0xcessi in JatKsn lo its annual expendi¢urg dua to ri being very dIul1 lakjng other Char.e$l to predict its non-investEnI an¢J rentsl income thl fftim year to yeai. Liqukl reseNes at 31 March 2025 amounted to £545,135 which equates to just o¥tr 4 months wnning costs * rrent vels. The tTU3tee5 continuousty n)nrt0r reserves. Investmentpolicy •nd otyectives The parent charity and ts SubsNjry undertaking's inveStnnE polKy ra to encourage grthvih by inveskn'ng in low to ri$k investments whh produce predthble and regular annual income in order to meet the charitys reCrring oblKJatK)ns. Plans for futur• p•rkxls The parent charty and rt5 5ub5Kliary undertaking will continue lo deveh)p rts serve provigon to meet thg needs of people with Leaming DLsabiliti"es and to meet Ihe requirements of changing polwAegisk8lion. Page 4
Plymouth Highbury Trust Trustees, Report Statement of trust•ts' responsibilities The trustees (who arp aL80 the director5 of Pouth Highbury Trust lor the purposes of company lawl are rewn5ible for pwrin9 the trustees. rewt and the fi.n81 statements in accordan with apPlUb law and United Kingdom A¢o)uftting StsTrdard$ (United Kingdom Generalty Accepted Accounting PTaCtice), induding FRS 102 "The Fmancial Reportng Stsndard applicable in the UK and Republic of Irelan. Cornpany law requires lh& tNstees to prepare financial statements for each fin8nckal year. Under company la4Y the Iruslees must not 4Jpffjve the financral statements unless thty are satssrd that they gi a true and farr wew of the slate of affaiT5 of the parent chaiitable company and the group and of the incoming rÉsou(ces and appIn of resources, ClUdIng rts ineome and expenditure. of the Laritable group for that period. In Preparing these ffinancial statements. the trustee5 are Tequired to-. sekcl suitable accounting P?eS and appty consislenty. obseNe Ihg methods and princIpS in the chart SORP." makejudgenEnts and e5timate5 that are reasonable and prudent.. st whether applicable accountllig stsndards. xrfnpri$ing FRS 102 habp bn folh)wed. $ubjscl to any rnaterial departures dixlosed and eyined in the fin8T1 $tslemnt5.' and prepare the fillancial ststerrths on the going conrn basis unless il is inappropriate to presume that the parent charitable company cljnlinue in business. The trustees a responsible for keeping proper accounting record5 th81 can disdose with reasonabl8 accuracy at any b'me the finanual posthon of the parerrt charIlab corrpany and the group and enable them lo ensure that the finanaal statements ¢ompty wth the CoMpanS Act 2006. They are also responsible for safeguarding the assets of the parent charilable company and the group and hgnce lor tsking wsonable steps for the prevention and detecb.on of fraud and other iwularities. The tFUStees are responsble for the M8ffttenar and integrity of the corporate and financial inftrmation included on the charitable companl$ website. Legislat goveming the preParatn and disseminatN)n of fin8nual statem6nts may differ from legislal¥)n in other jurisdidions. DISCIUle of information to auditor Each trustee has tsken steps that they ought to have laken as a truslee in onler to make themselves awa of any relevant audit information and to estailish that the thaTity'$ auditor is aware of that informatson. The trustees confimi thal there is no relevant inf0mtiOft that they know of and of whh they know th• 8(hif(or unaware. The annval rBPOrt was appnwed by the trustees of the tharity on behalf by. fjS.lo%J&S and signed on 115 Matthew Stvwart Trustee Page 5
Plymouth Highbury Trust Independent Audltorfs Report to the Members of Plymouth Highbury Trust Oplnlon We have audited the financial statements of PtymoLrth Highbury Trust (the 'charitable parent company'l and its $ubsidk8ries (the group'l lor the year ended 31 March 2025. which comprise the Consolidated Statement of Finaft¢ial A¢tEvths. ConsolKlated Balance Sheet, B?nce Sheet, Consolidated Statement of Cash Fkews and Noles lo the Finan¢k41 Stslemenls, induding a summary of signrficanl acuunling FolirAe5. The fin8nci81 rbporting framework that has been applied in their prgparal'on is Unrted Kingdorn Accounting Stsndards, Lxjmprising Charities SORP - FRS 102 'The Fin8n¢ial Reporting Stsndar(l appIable in the UK and Republic of Irek7nd' and applicable law (United Kingdom Generalty Accepted Accounting Pradttl. In our opinion the financial statements.. give a true and fair vivw of the stste ofthe group's and parent charrty's affairs as al 31 March 2025 and of ts incoming resources and applth of resourres, induding rfs income and expendrture. for the year then eniled". have been properfy Prepar in a¢¢ordan¢e with United l(mgdom Generalty Accepted Accounting Practice.. and have been ppared in aCrdan ith the uWernents of the Companies Ad 2006 and the Charitres SORP. Basls for opinion We conducted our audr( in accordance IntematKnal Slandards on Auditing {UKI (ISAS {UKII and appli(gble Law. Our responsibilrties under those standard5 are fijrther described in the auditor reSnSibl1rtles lor the audtt of the finanual slaternnts seth.on of our report. We are indendent of the group in accorrlance with the ethKal r¥u1ments that are rebevant to our altdil of the financial ststements in the UK, induding Ihe FRC'S Ethul Standard. and we have fuffilled our other ethical responsibilrties in accordance these wuirements. We belEve that the audf( evidence we have obtsined is sUfflent and appropriate lo prowde a basis for our owion. Conclusions relating to going concern In audrting the financial ststements. he cg)nduded thal the trustees use of the going cOnM basis of a¢untIng in the preparatjon of the financial stalernents is appmpriate. Based on the work we have perfomwl, we have not Mlentified any material unrErtainties relating lo events or condthons that, indNidually or colkntivety. m8y cast sKJnifi¢ant doubt on the group's abilty lo continue 88 a going concem for a period of at18ast ts¥e months from when the original financial statements bSEre authorised for issue. Our rg$ponsibilitEs and the responsibilrtiBS ofthe trustees With sp1 to Ing Trceffl are described in the relevant seciions of thNs r•porL Other Informatlon The trustees are responsible for the other infrjm1atn. The other informats.on comprises the infomiation included in the annual report, other than the financial ststements and our auditorfs POrt thereon. Our opinion on the financkal statements does not cover the other Inforrnalion and. except lo the extent oth8rwis8 explicitly stated our we do not express any forni of assuran conclusion thereon. Page 6
Plymouth Highbury Trust
Indondent Auditors Report to the Members of Plymouth Hlghbury Trust
In connection with our audit of the financial statements. our resFK)nsibilty is to read the other
inforrnalion and, in doing so. consider whether the other information is malerialty inconsistent with the
financial statenRnts or ovr knowledge obtsined in the audrt or otherwise appeaTr to te rnaterkqlty
mlSStaled. If we idefitfy such material inconsistencies or apparent material misstalemfrnts, ¥%E are
required to determine whelher there 15 a mateNql misstatement in the financial statements or a
meri81 misststement of the other information. If, based on the VK)th %%t have perfornied. ¥ condude
that there a material mwlaternent of this other inf0mtion. we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter pres¢rib¢d by th8 Companies Act 2006
In our opinion. based on the work undertaken in the course of the su¢J.
the infomialDn given Trustees, Report for the finanaal year for whK the financial stslements are
prepared is consistent wth the financial statements". and
TN$tee$' Report ha¥9 been wepared in acCOrdar w*h applKabSe legal requirements.
Matters on which we required to POrt by exception
In the light of our knowledge and underslanding of the group and the parent charitable company and
its environment obtained in the course of the audEL have not klentffied materi41 misststements in
the and the Trustegs, Report.
We have nothing to report in respect d the follrming matters where the Companies Act 2006 requires
us to report to yrju if, in our opin?.
adequate accounting rerS ho not been kept by the parent Chantable Company, or retums
adequate for our audrt have not been received from branches not Mstied by us., or
the parent charitabk company fmancial 5taterrEnts are not in agreenwnl the accounting
records and U5., or
certain disclosures of trustees remunerath)n SpeCrf by are nol made,. or
we have not receNe
Plymouth Highbury Trust Independènt Auditor's Report to the Members of Plymouth Highbury Trust Audltor rnsponsibllW•s for tho audlt of tho flnanclal statements Our objectwes are to obtain reasonable assurance abo whether the financial statemen15 as a whoje 8re free from m81erial misststemenL whether due to ftaud or èrfor. and to issue an auditorfs report that includes our opinKJn. Reasonable assurance 15 a hh level of assurance, bul 15 not a guarantee that an audit conducted in accordan¢s with ISAS (UK) wll atways detect a material misstatement when li exists. Misstatements can arise from fraud or error and are conshlered rnaterial rf, indNidually or in the aggregate. they coubj reasonabty be exFeded to influence the econom deci8KJns ol users tsken on the basis ofthese financial statements. The extent to whth our procedures are capable of detecting irregukithes. indudirrfJ fraud is detailed below. We identsfied areas of and regubtion5 that could reason8bty be e¥pethd lo have a materkl effect on the finanaal statemenls from our general commeTual and sector experience and through discu55ion wth the diwtor5 and other m8nayemenl, no issues were noted. W8 MMunICated Kjentrfied bws and regUL9tn3 throughout ¢)ur team. and remained art to any 1ndWlon$ of non-compliance throughout the audit. The company 1$ subjecl to kn and regulatb)ns that gowm the prnparation of th• financial statements, induding financial reportj.ng legialKIn. and other comPanS legislatn. The CLxnp8ny 1$ also subject to other laws and reguLations where the consequences of non-compliance could have a rnaterial impacl on the amounts or disclosures 1n the financral $tsterrnts, including emplOnent, anti-bribery and anti-rrKJney Laundering. ng lo the inhefenl limttalions of an audL thew k% an unavothbb risk that may not have delectod some m8leri81 mi8stslements in the financial statennts. even though we have proper aTrned and performed our audit in accordance WTth avdrting standards. In any audrt, there remains a hKJher risk of non4eteciion of Irwularits. as these may Invo collusk)n, forgery, intentional ornissijns. misrepresentations. or the override of inlemal controls. We are not responsible for preventing non-¢omplran¢e and ¢annot be expgdgd to detect non-mPliance all law5 and regUlatn8. A further descriptjon of our responsibilTties is avaiLable on the Financ1 Reporting Councl's Ebrte at.. www.frc.org uklaudit0rsSpoThskn1Ies. This des¢ripti'on fomis part of our auditor's repjrt. As part of an audit in accordance with ISAS IUKI. exerctse professional judgement and maintain profassional sCeptisM throughoul the audil. We also.. Idenlrfy and assess the risks of material misstatennt of the finanoal slatements. whether dug 10 fraud or error, deSn and perforn audr( procedure5 responsive to those risks. and obtain audTt evidence that is suffiaent and appropriate to provbje a bas¢s for our opinion. The risk of not detecting a material rni55tstemenl reSu"n9 from fraud is hBher than for one resuming from arror, as fraud may invofve collusion, forgery. intentional omissnS. miSrepresentaths. or the override of intemal conlwl. Obtain an understanding of ternal control retevant to the audit in order to design audrt procedures th are appfopriate in the circumstances, not for the purpose of expressing an opinion on the effeclivenes5 of the group'5 inlemal control. Evaluate the appropriateness of accounting [dleS used and the reasonableness ol accounting estimates and reIe discknsu made by tr* trustees. Page 8
Plymouth Highbury Trust Independent Auditorfs Report to the Members of Plymouth Highbury Trust Cordude on the approprialeness of the truste use of the wing corcem ba515 of accounting and, based on the audit evidence obtained. whether a material uncertainty exists relatea to events or conditK)ns that may cast signift>nt doubl on the grP.5 or the parent chartsble companvs ability to continue as a going concern. If condude thal a mgri01 uncortainty e$ts, we are requid to draw attention in our audrtorfs Fort lo the lated di5ch)sures in the fi'nanc1 statement5 or, rf such discbsures are inadequate, lo mcJty our qjinion. OUT condusions are based on the audit evidence obtained up to the dale of our auditorfs rep. However. future events or ¢ondi(ion8 may cause the group orthe pant Chartsb company to cease to continue as a going concern. Evaluate the oveTrll presentats"on, structure and content of the financial slatemonts, including the disclosures, and whether the finanoal slatennts represerrt the undedyiig tranStionS and events in a mannerthal achVe5 fair presentation. Obtain sufficient appn)priale audrt ewden¢e 8Ing the financial information of thè entities or business aLIMiEs withtn the grDUP lo ewre55 an opinion on the finanual statements. We are responsib for the diredJn, supeNision and perf0mnCe of th8 group audL We remain SOlY responsib for our audti opinK)n. We comrnunicale wrth those charged wrth grnance regarding, amng other rnattets, the planned scope and timing of the audit and significant audit findings, induding any w9ntfi¢ant defi¢ienuo$ in intemal )ntrol that we idefttfy during our audrt. Uge of our report This reF¥Jt 15 rnade SOlY to the ch8r1l) parent ¢xffipanls trustees, as a L¥)dy, in accordance Chapter 3 of Part 16 of the CompanEs Act 20[6. Our wdf( work has teen uTrJertaken so that we might stat8 to lh8 gmup's trnslees thosè malters we are rnquimd to ats to them in an 8uditorfs reFX)rt and for no other purpose. To the lullesl extent pemitted by do not accept or assume responsibility lo anyone other than the charitable parent Company and ts trustees as a btxly, fot our audit work, for this reporL or forthe opinb)n$ we have fomwd. Adan Croney ACA (Senior Statutory Audrtor) Forand on behalf of IAlestcotts ISW) LLP. SLt Auditor pl House 3 L0ngbTge Road Marsh Mills Ptymouth PL6 8LT Page 9
Plymouth Highbury Tt Consolidated Statement of Financial Activities for tho Year Ended 31 March 2025 {Including Consolidatèd Income and Expendlture Account and Statement of Totsl Re¢ogni$ed Gains and Losses) Total 2025 Total 2024 lunds fuftds Income and Endoymients from: Donations and lewies Charitable act"e5 Other trading actNits Investment incG Other inccffie 135,510 1.410.748 8,893 9.123 6,038 86.525 66,875 222.035 1,477.623 8.893 9.123 10265 155,139 1,344,662 12.212 8,233 23.220 4,227 Total income 1.570.312 157.627 1,727,939 1,543.466 Expendlture on: Raising thjnds Charitable actNf( Other expenditu Total expendrture Gains/llosses} on investment assets 14,0991 (1.478.716) 14,0991 11.598,IAO} (3,751) 11.524,5421 173 (119,344) 10 (1,482,815) (119,3441 11.802,1591 (1.528,1201 3.756 3,756 21.442 Nel incorne 91.253 38,283 129,536 36,788 Net movemenl in fund8 91.253 38.283 129.536 36,788 Reconciliation of fvnds Total funds brought forward Total funds foThvard 20 1,151,745 212.3% 1,364,141 1,327,353 1.242,998 250.679 1.493,677 1,364,141 All ofthe grovp's aCtiVeS derive from continuing OperatnS during the above pericJs. The funds breakdo*n for 2024 is Sh in note 20. The notes on pages 14 to 30 fomi an integral part ofthese finanaal staterrEnls. Page 10
Plymouth Hlghbury Trust (Registration number. 5554535) Consolidated Balance Sheet as at 31 March 2025 2025 2024 Flxed assets Tangib assets Investrnents 15 804,760 319.179 923,939 474.035 298.584 772.619 Debtors Cash at bank and in hand 17 60,785 545,135 60S,920 42.331 69.627 570,202 839.829 Creditorn: Amounts f4lllng due wlthln on• y N•t curr•nt •s¥•ts 18 563.589 591.522 1.364,141 1.487.528 Funds of the group: Re8trfcted InTre fvnds Restricted funds 250.679 212,396 Unre$trl¢tsd Incom• tsnds Unrestricted fvnds 1,236.849 1.151.745 Totsl funds 1.487.$28 Th8 financial statements on pages 10 to 30 V*Ere opwD by the trustee5. and authorised for iSe on QS.io%l.2S. and gned on their tehaK ty. Matthvw Strt Trustee The notes on p8ge5 14 to 30 fonn an wrtegrnl part ofthese fin¢18$ slatemwts. Page11
Plymouth Highbury Tn (Registration numl)er: 5554535 Balance Sheet as at 31 March 2025 2025 2024 Fixed assets Tangible assets In¥8slments 15 604.760 320,179 924,939 474,035 299.584 773,619 Currgnt as$ots Debtors Cash at bank and in hand 17 18,165 480,206 18.040 547,710 565,750 498,371 Creditors: Amounts falling due T*lthln one year N•t ¢urr•nt •suts 18 123.5881 36,819 474.783 528,931 Net assets 1.399.722 1.302.550 Funds of the charity: R•Stri¢l income lund$ Restricted funds 250,679 212,396 Unrestrlcted Incom• funds Unreslriclgd fund$ 1.149,043 1,399.722 1,W,154 1,302.550 Tolal funds The financK?I statem8nts on paw 10 to 30 were aFvfu¥Ed by the trustee5. and authorised for issue on .o%i.a%.ltsand signed on their beh8W Mathew Stewart Trustee The notes on pages 14 to 30 fom) an integral part of these ffiancial statements. Pagg 12
Plymouth Highbury Trust Consolidated Statement of Cash Flows for tho Year Ended 31 March 2025 2026 2024 Nole Cash fro from operating actl¥ltles Net cash income 129,536 36.788 Adjustments to cash fvom non4a$h Iton Depfeciation Inveslmgnl inccmne IGainslllo85es on inve8tment assets 15 28.129 19,123} 13,7561 25,921 18,2331 1,442 144,786 33,034 Worklng capltsl adjusInts Decreasellincreasel in debtors Doc8$ in creditors 17 18 8.842 {12.1251 (14,274) 45,481 Ngt cash flchvs from cwats.ng athrts 141.503 26,721 Cash flows used in Investlng a¢tl¥ltks Interest receivab and Similar inwne Purchase of tangible fL¥ed a55ets Purchase of investments Sale of inveslrrEnts 9,123 (158,8541 (60.0281 43,189 8,233 1109,1451 13.000) 2.618 15 Net cash flows from investing adNitse5 166.570 101.2941 Net deC8$e in cash and $h equThMnts (25.0671 570.202 (128.0151 698,217 Cash and cash equnts at 1 Awl Cash and cash equNants al 31 March 545.135 570,202 All of the c85h flows arg derNd from contwiuing operat*)ns during the abovo per5. The notes on pages 14 to 30 form an integr81 part of these finanoal statenIS. Page13
Plymouth Highbury Trust Notes to the Flnanclal Statements for the Year Ended 31 March 2025 1 Charlty status The ch8rity Ls limrted by guarantee. incorp)rated in Engknd and Wa, and consequentty does not have share capital. Each of the trustses is liable to contribute an amount not exoeding £1 towards the assets of the chartty in the event of IhauKlation. The address of rt5 registered offi¢e 1$.. H3hbury House 207 OuUan¢J Road Peverell Ptsnouth PL2 3PF 2 Accountlng polkl Summary of $lgnlfiunt occountlng policies and key accounting estimatss The principal accounhng policyes appl.ed in the preparab.on of these financial statsments are sel out below. These have consistenlly appld to all the year5 presented, unsS Otheise stal&J. Statsmont of compliance The financial statements have been prepared in xcordance with Accounting and Reporting by CharitKg$." Statement of Recommended PraclKe (appItsb lo charities preparing th8ir accounts in accordarnce wrth the Financial Rwrting Standard applThble in the UK and Republic of Iland {FRS 10211 (issued in October 2019) - (Charities SORP IFRS 102)). the FinancAal ReForttng Standarrl applicabke in the UK and Republic of Ireland IFRS 1021 and the Cyrpanigs Act 2006. Basls of preparation Plymouth Highbury Trust the definIn of a publ benefit entity under FRS 102. Assets aNI liabilrties are initialty recognised at historical cost or tralw¢n value unless otherww stated in the relevant accounting poIY notes. Basis of OlidatIOn The ccnsolidaled finan¢ial statements consolhjaie the financial staternents of the charity and ts subsidiary undertakings drawn up lo 31 March 2025. No Btstement of finarxkal ac1Th*itS i£ presented for the charty as pemiitted by sedK¥n 408 of the Cofflpanies Act 20CE. The charity made a Burplus 8fter tsx for the financial year of £97.172 {2024 £37.528). P4e 14
PlOuth Highbury Trust Notss to the Financial Statements for the Year Ended 31 March 2025 A subsidiary an enlty Control by the ¢harity. Control is xhieved where the charity has the t>7r to govem the finanaal and OK•ng w14eS of an enlty so as to benefts from its activities. The rssuts of subsidiarEs acquired or disposed of during the year are induded in the staternent ol financial adivrtw frtsm the effectNe dale of acquisibon or up to the effective dale of dwsal, as appropriate. Where necessary, 3djustrnenls a made lo the financial staterrEnts of subsidiaries to bring their accounting poIleS into line with those used by the grtsup. Inter-company transactions, balance5 and unrealised gains on transactions betsn the charity and ils subsidiaries, which are lAted paities, 8re eliminated in full. Golng concern The trustees ¢onsKler th8t there are no material uncertaintss about the group's 8bilty lo continue as a going concem nor any sunifKant area5 of uncertainty th affect the rry9 walue of assets hekj by the group. Judgements and key sources of estirnation yncertaTnty The preparatK)n of the financial statements requires managernent to make judgements. estimal8s and assumption3 that affect the amounts reported. These estimates and judgements are continually rwewed and are based on experien and other facto, inclucling expedations of fUre events that are believed lo be reasonable under th? ¢ircumstanw. Accounting estimates and 8s8umpb.ons a made conceming the fvlure and. by thwr nature. will rardy equal the related aciual outcome. Income and •ndovJments All income is rewJn6ed once the chanty has entitbernert to the income. li is pr()8bbe thal th& incom8 will be re¢eNed and the amount ofthe in¢om can be measured relity. Donations and lega¢les Donations are recognised when the chanty has teen notified in writing of bolh the amount and settlement dats. In th¢ event that a donats)n is subject to condi(n5 th8t qUi a levgl of perfomiance by the charTty before the charty enblw lo the funds. the income is deferred and not recognised until eithef thosg nditnS are fultry met. or the fulfilment of those conditions is wholly wrthin the Control of the ¢harity and r( pro that these condithins will be fvffil in the reporting pericJ. Grants recelvable Grants are rewnised %then the group has an entitlement to the fvnds and any Condc•n$ linkgd to the grants have been met. Where performance condrt)ns are attached to the grant and a yel lo be met. the incom is legnIsed as a IHtM'Ity and inckKled on the balanc* sheet as d•ferTed incomg to be released. Investment Income Dmdends are recognised once the dMderKJ h8s been dedared and notif'On has tn recfjived of the dmdend due. Page 15
Plymouth Highbury Trust Notes to the Financial Statements for the Year Endod 31 March 2025 Expenditur• All expenditure is Tecognised once the s 8 kgal or conslructNe obligatKJn to that exFenditure. il is probab settlement is required and the amount can te measu relobly. All ¢o$ts are allocated to the appluble exFendrture heading that aggregate simikir costs to that category. Whwe costs ¢%nnot be d1Ctty attributed to partular he&Jings they have been 8lkKated on a basis consisient with the use of resources, central stsff costs alkxated on tha basis of time spent, and depreciation charges allocated on the pOrn of Ihe a55et's use. Olher support costs a alkxaled based on the spread of staff costs. Ralslng funds These are costs in¢urred in atb8cb.ng voluntary income. the management of invesbxents and those incurred in trading actlt that taise funds. Charftable actlvities chantab expenditure coryjrises those cosls incurred by the Chanty in fv d8lNery of its actNities and service5 for its benefiaaries. It indudes costs that can be alkncaled directly to such acbvit and those costs of an indirpLt nature nec&%3ary to support them. Taxatlon The chanty is COnsered to pass the tests set out in PaTrgraph 1 Scheduk 6 of the Finance Act 2010 and therefore il meets the definitn of a charitab company for UK corporalion tsx purposes. Accordingly, the charity is potenlialty exempt from taXatn in respect of income or c8Prtal gains recetved within ¢8legories covered by Chapter 3 Part 11 of the CO)ratiOn Tax Act 2010 or Section 256 of Ihe Taxation of Chargeable Gains Ac 1992, to the extent that such income or gains are appld exclusively to chartable purposes. Tangible fued •ts Individual fixed assets are initk?IW recorded at cost, less any subsequent accumukled depreciatK)n and subsequent accumul8ted ImpalmnI losses. D•preciation and amortisation DepreckKJn is prDwded on tsngrb fixed assels so as to write off the ¢>)st or valuation. less any estimated skual value. over their exed useful economic life as follows.. Asset class Freehold propety Fixtures and frttings Motor vehicles Depreciation mfrthod and rate 2% straight line 20% Straht line 25% strayhl lir Imp8irntent of fixed assets A review for inditstors of impairwnt is carried at rewirng dale, wrth tho rgcoverable amount being estimated where such IndOrS exist. Where the cang Value exceeds the recoveiable amount, the asset is impaired accordingty. PJe 16
Plymouth Highbury Trust Notes to the Financial Statements for the Year Ended 31 March 2025 Buslntss ¢omblnations Business combinations are accounted lor under the purchase meththy. Whère necessary. adjustmgnts are made to the financkgl stslements of subsKlharies to bring the xcounting poIleS used into line wth those used by the group. All irrtraqroup tran5actKn5, balances, income and expenses a eliminated on consolidatK>n. In &cordan¢e with Section 35 01 FRS 102, Sedion 19 of FRS 102 has not bepn applied in these financial statements in resFed of business C#)mh"nang effe¢led prior to the date of transition. Fixed asset investments Fixed asset inveslmenls. rAher thon progrnmmg related investments, are included at market value at the balance sheet date. Realised gains and lo$ on investments a (al¢ulaled as the difference tween sales proceeds and their market value at the start of the year, or their subsequtrnl $t, and ao ¢har9e<J or credited lo the Statement of Financial Acvibes in the period of disposal. Unreali$gd gain$ and losses represent the moNEmenl in rnaet values during the year and are credited or charged lo the Statement of FinancKql Al t)asgd on the market value al the year end. Cash and cash equlvalents Cash and cash equiVanI5 compnse cash on hand and call deposits. and other short-temi hohly liquid investments that are readity Convertib to a knovm amount of cash and ao subject to an in$ignrfKanl risk of (ange in value. Fund structure Unrestred incon fvnds are ggneral fund$ th* are avaikibk for use al the trustees discretion In furtherance of the obJ'ectNes of the group. Restricted income fvnds are those donatsd for use in a partr area or for specrfK purposes, the use of which is restncted to that area or purpose. Flnanclal Instruments ClassrfKation Financial assets and finanrial liabilitie5 are reccgnised when the group becomes a party to Ihg contra¢tual provish?n$ of the instrument. Financial liabilrties and equty insltyments are classffied a[dIng to the sulk8tan of the contractual arrangements entered into. equity instTurrEnt 15 any contract that evKJen¢es a sidUal Inte$1 in the a58ets of the grtjup after deduding all of its Ikabilitks. Page 17
Plymouth Highbury Trust Notes to the Flnanclal Statements for the Year Ended 31 March 2025 All finanaal assets and IAbilities are Initlty measured at transaction price (induding transaction costs), except for those financral assets classffied as at fair value through profit or loss. which are initialty measured at fair value (whth is nom)ally the transactJn price exduding transaction costs), unsS the arranyement constitutes a financing transacts"on. If an arrangement constrtules a financing transaction. the financial 855el or financial IKabilty is measured at the present value of the future paTnentS discounted at a market rate of interest for a miL4r debt instrurnenl. Fin8ncial assets and Ikatrflities are onty offset in the stateThnt of finarla[ r*)sition wh&n. and on when the e$ts a legalty enforceable right 10 Set off the recogntsed amounts and the group inlgnd5 either to settle on a net basis, or lo alise the asset and settle the Ik4bilty simuttaneously. Financk71 as3e15 are derecoantsed when and onty when a) the o)ntr8Ctual rights lo the cash I1¥5 from the financial asset expire or are Sett. b) the group transfers to another paty Substantially all of the risks and rewards of ¢)wneTship of the financial asset, or cl the group. desprte hawng retsined some, bul not all, slgnffint risks and revrards of rNmershp, has transferred control of the asset to another paty. Financial liabilities are derecogni onty when the obligatb)n Spe¢ffi w) th• contract 15 discharged, caneelw or expires. Investn78nts Investrnen15 in non-¢0nvethe preference shares and non-PUttabl• ordinary or prefeTen¢e $hare$ (where shares are publicty tr8ded or their lair value is reliably rnea5urablel a measured at fair value through profit or loss. Where fair value L>nnot be measured reliably. investments afe measurgj at cost less impairment. Investments in sybsKliaries and associates a measurgd * sIleSS impairment For investsngnts in sub&diaries acquired for ¢onsKleralK)n induding the issue of sha$ qualifying for mergeT relief, cost 15 meAsud by reference to the nominal value of the shares issued plus fair value of other consideration. Any pffjmium is vjnored. Fair value measureftmnt The best eviden ol fair value is a quoted pre for an idenb.cal 8ssel in an active market. When qvoled prices a unavalb, Ihe prrE of a recent transaction for an thnti<31 asset prowdes ewdence of fair value as k)ng as there has not been a significant ch8n9e economic circumstances or 8 5ignrfant lapse of time Sin the Iransa¢bon tcok place. 11 the market is not active and recent transactions of an Klentul asset on their own are not 8 good estinple of fair value, the fair value is estimatgd by using a valuation lechnNue. 3 Incorne from donations and logacies Page 18
Plymouth Highbury Trust Notes to the Flnanclal SLthments for the Year Ended 31 Mar¢h 2025 funds Gonfrral Total 2025 fund$ Ck)nations and legacres,. Donations and subScripnS Grants. induding capital grants. Grnnt fvnding 24.233 24,733 111.277 86,025 86,525 197,302 135.510 222,035 Unrnstrktsd fvnds General Total 2024 fund5 Donatlon* and legacim., Donations and subscripb'ons Grnnts. Includlng capltal grants", Grant funding 13.340 13,340 95,424 46,375 46.375 141,799 155139 108,764 Page 19
Plymouth HighkxAry Trust Notes to the Financial Statements for the Year Ended 31 March 2025 4 In¢om• ft<)m ¢harllabl• a¢tlvhl funds G•noral Total 2025 funds Care and $grvice$ fegs Refreshments and good5 sold 1.388.457 22.291 66.875 1.455.332 22,291 1.410,748 66,875 1.477,623 Unrestrlcted funds Gèn•rnl Total 2024 funds Care and servK*5 fees RefreshwEnts and goods sold 1.246,919 19.018 78,725 1,32S,644 19,018 1.265,937 78.725 1,344,662 S Income fnmn other trading a¢tlvltl Unrestricted fund$ G¢noral Total 2025 Total 2024 FundTri5ing aC"tieS 8,893 8.893 8.893 12,212 8.893 12,212 6 Investment income Unrestrfcted funds Gen¢rnl Total 2025 Total 2024 Bank inte$t Income from listed inveslments Oiher investment incomè 1.224 6.971 928 1,224 6,971 928 1,C62 6,243 928 9.123 9,123 8,233 Page 20
Plymouth Highbury Trust Notes to the Flnanclal Statements for the Year Ended 31 March 2025 7 Other Incomo funds Gèn•rnl Totsl 2025 funds Other income 6.036 4.227 10,265 Unrnstslcted funds G•n•r41 Total 2024 funds Other income 9.153 14,067 23,220 8 Exp•ndiiur• on rnising fund• nds G•n•ral Total 2D25 Total 2024 Portfolio management 4.099 4.099 3,751 9 Expendlture on charltable aetlvliies funds General Total 2025 Total 2024 funds staff costs Semces A(IminislralJve costs ProfessKJnal cosls Depreciabon 1.165.676 180.920 55,803 $8,492 17.825 91.199 7.531 1,408 8,902 10,304 1,256.875 188,451 57,211 67,394 28.129 1,235,B49 190.989 15.276 56.507 25.921 1.478.716 119.344 1.598,C60 1.524,542 10 Other expenditure Total 2025 Total 2024 CorFQTatb)n tax IrKg1vabbYpayab by trading bSK11ary 1731 Page 21
Plymouth Highbury Trust Notes to the Financial Statemerts for Year Ended 31 March 2025 11 Plymouth Supportsd Uvlng Lknlted 2025 2024 Tumover Cost of sales GTOSS profft Distribution costs Administrative eypenses Profft before tax Tax on profft Profrt forthe financial yaar 683.238 1509,1551 174,083 146,8501 194,8691 32,364 6,149 26215 582,764 {486,2871 96,477 {34,7791 (62,6101 19121 173 39 2025 2024 Assets Liabilr(S 108,088 19.262 74,618 12.027 88.8L 62.591 2025 2024 Share capital Profrt and loss account 1.0 87,816 1,000 61.591 12 Not In¢omlngloutgolng resour$ Net incoming resour forthe y8ar inthde.. 2025 2024 DepwatN)n 28.129 13 Audltorn. rnmun¢ratlon 2025 2024 All non-audf( fees Audit ol the financial statements 5,300 11,080 14 Staff costs The aggrg9g payroll S as foll*3.. Page 22
Plymouth Highbury Trust Notes to tho Financial Statements for the Year Ended 31 March 2025 2025 2024 Stsff ¢osts durfng th• yr wern: Wages and salaries PenSn o)sts 1224,018 32,857 1.215,338 20,511 1.256,875 1235,849 The Month average number of persons {including senK)r management I leadehIp leaml empbyed by the group during the year expressed as full time equrVants ds as follows". 2025 2024 No 69 Total No employee r1 emoluments of more than £60.000 during the r. 16 Tanglble fixed assets Group and charlty Fr•ehold FI%rnS and fittlngs Motor vehbcl Total Cost At 1 Aprl 2024 Addf(ions 809.885 153,116 18.182 5.738 59,655 887,702 158,854 At 31 March 2025 ,981 23.920 59,655 1.046.556 D•preclatlon At 1 April 2024 Charge for the year Al 31 March 2025 350.376 23.856 3.636 4,273 59,655 413.667 28.129 374,232 59,655 441,796 Net book value Al 31 March 2025 588,749 16.011 604,760 At 31 Mah 2024 459,489 14.546 474,035 Page 23
Plymouth Highlry Trust Notes to the Financial Statements for the Year Ended 31 March 2025 16 Fixed asset investmenis Group 2025 2024 Other investments 319.179 298,584 Dgtsils of und•rtakings Oth•r in¥•8tffients Investments Total Cost or Valuatlon At 1 April 2024 Revaluat)n Additions Disposals 298.584 3,756 60.028 43,189 298,584 3,756 60,028 43.189 Al 31 March 2025 319,179 319,179 Net book valu? Al 31 March 2025 319,179 319,179 At 31 March 2024 298.584 298,584 Charfty 2025 2024 Sh8ts8 in group undertakings and partvpBting interests Other investments 1,CrtlO 319,179 1.000 298.584 320,179 299,584 Shares in group undertakings and parttapating interests 15 mad8 up of the cost of shares ol Ptymouth Supported LNing Limrte¢J. Other investrnents are the same as he by the group Page 24
Plymouth Highbury Trust Notes to the Financlal Statements for the Year Ended 31 March 2025 D8ts11s of undertaklngs Detsils of the investrnents in whKh the charity holds 20% or more of the ncfflinal value of any class of share capital are as follows.. County of Incorporatlon Pmportion of voting rights and $har•s held 2025 2024 Principal a¢tSvlty Undertaklng Holding Subsidiary undèrtakings The support and care of indiwduals with mental and physical disabilities. Ptymouth Supp)rted Liwng England and Wa Ordinary Sha$ 1rJ)% 100% 17 Dobtovs Group 2025 Charlty 2025 2024 2024 Trade debto Prepayinents and a¢xrued Inm¥ 46.913 52.923 4.293 1,336 13,872 16,704 13,872 16.71J4 60.785 69.627 18.165 18.040 18 C11tors. arnounts fvlllng du• wlthln one y•ar Group 2025 Charfty 2025 2024 Trade creditor5 Due to group undertakings Trading subsidiary coryyoratb)n tax payab Other Creditors Accruals and (leferred income 7.300 2.987 1.117 539 539 4.937 4,937 2.272 38,111 2,272 32,891 36,819 23.945 18,485 23,588 36.182 48.307 Page 25
Plymouth Hlghbury Tt Notes to the Financial Statements for tho Year Ended 31 March 2025 19 Obllgations under leas08 and hirn purcha50 ¢onlra¢ts The total value of fubjre minimum kne pawnents was as folbm: Gmup 2025 Charlty 202S 2024 wrthin one year In iwo to fNe years 12,613 44.338 1.418 2.831 12,613 44.338 1.416 56,951 4.247 56,951 P•30 26
Plymouth Highbury Trust Notes to the Financial Statements for the Year Ended 31 March 2025 20 Funds Group Balanc• at 1 Aprfl Incomlng Resources 2024 rn$oUr expended 8alan¢o at 31 March 2025 Gain&1 losses Unrnstrlctod funds Genernl 1.151.745 1.570.312 {1.482,815) 3.756 1,242,998 R•strl¢t•d fund$ Communty Hall 144.265 66,131 212.396 110.304) 109,040 133,961 116,718 250,679 157,627 157.627 1119.3441 Total funds 1,364.141 1.727.939 1.602,159 3,756 1.493.677 Bolanco at Balance at l Aprll 1 Aprll R•source5 2023 2023 expended B•lanc• at Gall1 31 March lossas 2024 Unrestricted funds 1.111,475 1.404.299 (1.385,471) 21,442 1,151,745 Res¢rfctad funds Communty Hall 154,569 61,309 215.878 110,304) 1132,345 142.649 144,265 68,131 139,167 139,167 212,396 Totsl funds 1,327.353 1,543,466 1.528.120) 21,442 1,364,141 P•3e 27
Plymouth Highbury Trust Notes to the Financial Statements ft)r the Year Ended 31 March 2025 Charity Balance at 1 April Incoming Resource5 2024 wour¢es •xp•nd8d 8alance at 31 March 2025 Gain Unrestricted funds General 1,090.154 887.074 (831.941 3,756 1,149.043 R8strlct8d funds Communty Hall 144,265 110,304) 109,040 133,961 116,718 250,679 157.627 212.396 157627 119.344 Total funds 1302.550 1044.701 951,285 1,399,722 Balance at 1 April Incornlng Rosources 2023 resources expended Balan¢¢ at 31 March 2024 Gainsl lossès Unrestrlcted funds General 1,049,144 821.535 (801,9671 21,442 1,090,154 Restrictsd lunds Community Hall 154.569 61.309 110.3041 (132.3451 142 649 144,265 68,131 139.167 215.878 139.167 212,398 Total funds 1.265,022 960,702 944.616 21.442 1,302,550 The specific purposes forwhh the fvnds are to be appl are as follows.. The communty hall fund represents donanS made towards tha refurbishment of the community han. This was completed in 2011 with the t(rtal c05t being £382.627, of which £288.521 was raiseé through donations. This is being depreciated oNpr 28 Jpar5. The advocacy is held to ensure that there 8re suffiu.ent seffts to continue the advocac service$ offered by the charity. Page 28
Plymouth Highbury Trust Notes to the Financial Statements for the Year Ended 31 March 2025 21 Analysis of net assets funds Group Unrestrl¢tsd funds Genernl Totsl fund$ 4t 31 March 2025 R•stricted funds Tangib fixed assets Fixed asset investmerrts cyrnt assets CUrnt liabilrtie5 470,799 319,179 489,202 133.1 604.760 319,179 605,920 116.718 Total net assets 1242 998 250 679 1493 677 Total funds R•strkt•d at 31 March funds 2024 fvnds General Tangible fixed assets Fixed asset investments Current assets Current IHbilitKs 329.770 298.584 570,424 144.285 474,035 298,584 639,829 48.307 69.405 T¢tal nel assets 1.151 745 212 396 Charlty Tot•1 fund$ at 31 March 202S funds General R•stricted fvnds Tangible fixed a55els Fixed asset inve$trr*nts CUrn1 assets Current liabi1th5 470,799 320,179 381,653 23,588 133,961 604,760 320,179 498,371 23.588 116,718 Totsl not ats 1 149 043 250 679 1 399 722 Unr¢stri¢t funds Gen•ral Total fund¥ Restrlcted at 31 March fund$ 2024 Tangible fixed assets Fixed asset investmenls Current assets Gurrent liabiliks 329.TlO 299,584 496,345 35,545 144,265 474.035 299,584 565,750 36,819 69,405 1,274 Total net assets 1090 154 1 302 550 Page 29
Plymouth Highbury Trust Notes to the Fonanclal Statements for the Year Ended 31 March 2025 22 Analy$b of not funds Group At 1 Aprfl At 31 March 2024 2025 Cash al bank and in hand 570 202 570.202 Net d8bt 570 202 At l April 2023 Finaneing At 31 March cash flows 2024 Cash at bank and in hand 698.217 127.515 570,702 Net debt 698217 127 515 570 702 23 Commitments Capltal commltm•nts There are no capital cofflmitnnts to dischjse at the end ofthe per. 24 Trustees remuneration and exn$¢$ No trustees, nor any pe05 connactsd with thom, ha receNed any remuneration from the group during the year. No Iwste•$ have re¢eNed any robur$ed ewses from the chaiity during the yEar. 25 R8lat•d party transactlons Charity During the year the charty made the folkyth.ng lated party transacti($. Plymouth Supported Llvlng Umlted (Wholly owned subsidiary) Al the balan sheet date the amount due to P)IXth Supported Ln9 Limrted was £539 12024 - £5391_ Page 30