DOCTOR PLUME'S TRUST-REGISTRATION NUMBER 254048 REPORT OF THE TRUSTEES The Trustees present their report and accounts for the year ended 31March 2025. Doctor Plume's Trust is an unincorporated charity governed by the terms of Charity Commission Scheme of 26 April 1901, as varied by subsequent Schemes and Amendment Orders. The Charity was established to provide support to the teaching ministry in the parishes of Gravesend and Dartford, to provide relief by way of monetary grants to necessitous clergy in the Church of England Diocese of Rochester as constituted on 2September 1704 and to provide for the maintenance of Doctor Plume's grave and gravestone in the Parish of Longfield. Statement of Trustees, Res onsibilities Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year (unless the Charity is entitled to prepare accounts on the alternative receipts and payments basis). In preparing the financial statements giving a true and fair view, the Trustees should follow best practice and: select suitable accounting policies and then apply them consistently make judgements and estimates that are reasonable and prudent state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Charity will continue in operation. b) d) The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Review of Activities During the year under review grants amounting to £12,138 were made to 5 individuals,compared with grants of £18594 to 5 individuals the previous year. Grants totalling £4,856 were also paid to the parishes of Dartford and Gravesend in support of their teaching ministry, compared with £4,598 paid during the previous year. The Charity has reported an increase in resources of £5,971 for the year ended 31 March 2025 compared with an increase of £21 for the previous year. Public Benefit The Trustees confirm that they have complied with their duty to have due regard to the Commission's guidance on Public Benefit and that they continue to ensure that the presence of the Charity is made known to clergy serving within the area of benefit with a view to ensuring that necessitous clergy might be identified and assisted as appropriate. Reserves Polic It is the Trustees, view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility and to enable the Charity to meet its commitments as they fall due. As at 31 March 2025 the Charity held unrestricted reserves at historic cost of £214,147 (2024: £207,926). Investment Poli Trustees aim to achieve a balanced mix of capital appreciation and rising income with a moderate attitude to risk and achieve this through periodical monitoring and reviews. Investments will include any combination of (l) fixed interest securities and (2) exposure to equities substantially through units in collective investments in order to take advantage of professional fund management.
DOCTOR PLUME'S TRUST REPORT OF THE TRUSTEES- Contd Risk Mana ement The Trustees have assessed the major risks to which the Charity is exposed and are satisfied that systems are in place to mitigate our exposure to major risks. Trustees All Trustees hold Ex-officio appointments by virtue of the Parish to which they have been appointed. The following Trustees served during the year: Rev R Knight Rev M Henwood Rev K Clark Rev J Fletcher Rev G Herbert Rev N Cooper Rev T Hurst Rev P Prentice Rev E Young Rev H Reeves Rev C Lloyd-Evans Rev C Jones Rev Canon A Davie Rev J Walker resigned 16/10/2024 as from 10/10/2024 Each Trustee is entitled to one vote and every matter is determined by a majority of the votes of the Trustees present. A meeting requires a quorum of five Trustees and in the case of equality of votes the Chairman of the meeting has the casting vote. No remuneration was paid to the Trustees of the Charity: reasonable out of pocket expenses are reimbursed. This Report, together with the accounts for the year ended 31 March 2025, comply with the current statutory requirements, the Governing Document and the Revised Statement of Recommended Practice, and were approved by the Board of Trustees on and signed on its behalf. Rev M Henwood Ci Rev K Clark
DOCTOR PLUME'S TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 RESOURCES ARISING Dividends and Interest from Investments CBF Investment Fund Shares COIF Ethical Investment Income Units CBF Deposit Fund Interest Deposit 19,037 6,311 1,388 18,519 6,189 925 GROSS RESOURCES ARISING IN THE YEAR 26,737 25,633 RESOURCES USED Grants to Clergy Grants in Lieu of Lectures Administration Expenses 12,138 4,846 3,782 18,594 4,598 2,420 RESOURCES USED IN THE YEAR 20,765 25,612 CHANGES IN RESOURCES BEFORE TRANSFERS 5,971 21 REALISED GAINS AND LOSSES NET MOVEMENT OF RESOURCES IN THE YEAR 5,971 21
DOCTOR PLUME'S TRUST BALANCE SHE T AS AT 31 MARCH 2025 UNITS 2025 2024 CBF Investment Fund Shares 30,203.85 72,954 72,954 COIF Investment Fund Ethical Units 71,884.49 110,251 110,251 TOTAL INVESTMENTS AT COST 183,205 183,205 CASH BALANCES Bank Current Account CBF Deposit 78 30,614 940 23,781 30,692 24,721 OTHER MONETARY ASSETS Debtors TOTAL ASSETS 213,897 207,926 BALANCE OF ESTATE Profit on Realisation of Investments 80,817 14,516 95,333 80,817 14,516 95,333 GENERAL FUND Balance in Hand l April 2025 Changes in resources during the year 112,593 5,971 118,564 112,572 21 112,593 Profit (Loss) on Realisation of Investments Balance carried forward 118,564 112,593 213,897 207,926 No account has been taken of a small areas of freehold wooded land owned by the Trust. Approved by the Board ofTrustees on Zo. 05. 24 2 5 and signed on its behalf. Rev M Henwood (LJG Trustees Rev K Clark The notes on Page 6 form part of these Accounts
DOCTOR PLUME'S TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 BASIS OF PREPARATION These accounts have been prepared in accordance with the Charities Act, the revised Statement of Recommended Practice 2005 and applicable accounting standards except for the treatment of investments, which have been shown at historical cost and not their market value at the Balance Sheet date. FUNDACCOUNTING The Charity has an endowment, which it is legally prevented from spending and must retain intact as part of the Charity's capital. It has invested the endowment to provide income for its activities. b) The Charity's general funds consist of monies which the Charity may use for its purposes at its discretion. INVESTMENTS Investments are included in the accounts at historical cost of £183,205 (2024 £183,205). The market value of those investments at the Balance Sheet date was £885,802 (2024 £925,518). b) Gains arising on disposal are disclosed in the statement of investment gains and credited to the profit on realisation of investments reserve. ADMINISTRATION EXPENDITURE Administration expenditure comprises all costs incurred in running the Charity which cannot be directly allocated to the Charity's projects or to fundraising. As such it includes the following: 2025 2024 Receiverfs Fee and Expenses 2,582 2,594 Trustees, Expenses 950 -173 3,532 2,421 The Charity has no employees with emoluments above £50,000
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DocfoR PLUME'S TRUST I report on the accounts of the Charity for the year ended 31 March 2025, which are set out on pages 4 to 6. Res ective Res onsibilities of the Trustees and Examiner The Charitvs Trustees are responsible for the preparation of the accounts. The Charit¢s Trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: examine the accounts (under Section 145 of the 2011 Act). to follow the procedures laid down in the General Direction given by the Charity Commissioners under Section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. Basis of Inde endent Examinerfs Re ort My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Inde endent Examinerfs Statement In connection with my examination, no matter has come to my attention: (i) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with Section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ROGER BAR ON