REGISTERED COMPANY NUMBER: 00980854 (England and Wales)
REGISTERED CHARITY NUMBER: 261469
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
FOR
G. S. PLAUT CHARITABLE TRUST LIMITED
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
G. S. PLAUT CHARITABLE TRUST LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022
----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14
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G. S. PLAUT CHARITABLE TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
Thetrusteeswhoarealsodirectorsof thecharityforthepurposesof theCompaniesAct 2006,presenttheirreportwith the
financialstatementsof thecharityfortheyearended30 June2022.Thetrusteeshaveadoptedtheprovisionsof Accounting
andReportingbyCharities:StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicablein theUKandRepublicof Ireland(FRS102)(effective1 January
2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities for the public benefit
The objectsof G.S.PlautCharitableTrust Limitedare to makegrantsor any otherfinancialor otherprovisionin favourof any
institution,trustorcorporationwhichisestablishedforexclusivelycharitableobjectsorpurposes.Allsuchactionsareto be
undertaken in accordance with the objects of the company as listed in the Memorandum of Association.
ThetrusteesoftheG.S.PlautCharitableTrustareawareoftheguidancepublishedbytheCharityCommissionon Public
Benefit and the guidance is taken into account when deciding the organisations to be supported.
The Memorandum of Association states the objects of the trust are:
TopromotebyanylawfulmeansanyobjectsorpurposeswhichunderthelawforthetimebeinginforceinEngland are
exclusively charitable.
In furtherance of the above objects but not otherwise the company shall have the following powers:
(i) To assist any person, body or bodies financially or otherwise in the furtherance of the above objects or purposes.
(ii)Tomakegrantsoranyotherfinancialorotherprovisioninfavourofanyinstitution,trustorcorporationwhich is
established for exclusively charitable objects or purposes.
Thetrusteeshavefurtheragreedthatdonationsby theG.S. PlautCharitableTrustarelimitedto organisationsregistered as
charities and, as such, they will be assumed to be for charitable purposes as defined by the Charities Act.
Whendecidingsuitablerecipientsfordonations,thetrusteeswillalsoconsiderboththepurposeofthecharityand its
administration costs.
Review of activities
Thetrusteesofthecharityhavecontinuedtoactinaccordancewiththeaforementionedobjectsofthecharity.G.S. Plaut
CharitableTrustLimitedconductednofund-raisingactivitiesnorreceivedanytradingincome,butcontinuedto receive
investmentincomeandtoactasagrant-makingbodyfromitsownfunds,asstatedintheFinancialStatements. Charitable
grants for the year totalled £45,500 (2021 - £68,250).
Grantmaking
The grant-makingpolicyof G.S.PlautCharitableTrustLimitedremainsin accordancewiththe aforementionedobjectsof the
charity;viz.to makegrantsor any otherfinancialor otherprovisionin favourof any institution,trustor corporationwhich is
establishedforexclusivelycharitableobjectsorpurposes.Allsuchactionsshallbeundertakeninaccordancewith the
objectsof the Companyas listedin the Memorandumof Association.At eachtrustees'meetingthe trusteesdiscussin detail
which charities to support.
FINANCIAL REVIEW
Investment policy
Brewin Dolphin has been appointed on a discretionary management basis.
-1-
G. S. PLAUT CHARITABLE TRUST LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 30 JUNE 2022
FINANCIAL REVIEW
Reserves policy
Thecharityhastotalfunds,allunrestricted,of£1,906,961Ofthis£1,839,005isinvestedbythestockbrokerinequities and
fixedintereststocks.£18,745isheldbythestockbrokerintheirclientaccountbutisavailablefortransfertothe charity's
currentbankaccountat shortnoticeand can thereforebe consideredto be freelyavailable.The balanceof fundsof £49,211
isalsofreelyavailable.Thetrusteeshavedeterminedthattheappropriateleveloffreereservesshouldbe approximately
equivalent to anticipated expenditure for the next 6 months.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Thecharityisalimitedcompany,limitedbyguarantee,asdefinedbytheCompaniesAct2006.Itisgovernedby its
Memorandum and Articles of Association.
Recruitment and appointment of new trustees
The trusteesare recruitedby the boardof trusteeson the basis of experience,competenceand specialistskills.The board of
trusteestriestomaintainamixofskillsandseekstoensurethatthefamilyofthetrust'sfoundermember,DrGS Plaut
(deceased), is adequately represented on the board.
Organisational structure
AssetoutintheArticlesofAssociationthetrustees(whoarealsodirectorsofthecompany)areelected,removed or
replaced by ordinary resolution of the company.
Thenumberoftrusteesshallnotbelessthanthreenormorethannine.Theyareappointedtoactinaccordancewith the
objectsofthecharityand,assuch,makethenecessarypolicydecisions.Thetrusteesmeetformallyfromtimeto time,
normallyon a biannualbasis,to carryoutanyrelevantbusiness.Theymayalsoactbetweenmeetingsfollowing appropriate
internalconsultation.Thetrusteesmayappointrelevantpersonsfromtimetotimetoassistthemwiththeprovision of
advice and with the implementation of their policy decisions.
Induction and training of new trustees
New trustees are provided with informal training by the board of trustees.
Risk management
Thetrusteeshavea dutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriate controls
are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00980854 (England and Wales)
Registered Charity number
261469
Registered office
Heritage House
Murton Way
York
YO19 5UW
-2-
G. S. PLAUT CHARITABLE TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2022
Trustees
Mrs A D Wrapson
Mr W E Murfett
Miss T A Warburg
Mrs B A Sprinz
Miss R E Liebeschuetz
Dr J D Hall
Company Secretary
Dr R A Speirs
Independent Examiner
H Priest
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
Bankers
Lloyds Bank
Grand Buildings
Jameson Street
Hull
HU1 3JX
Investment Advisors
Brewin Dolphin Securities
12 Smithfield Street
London
EC1A 9BD
ThisreporthasbeenpreparedinaccordancewiththespecialprovisionsofPart15oftheCompaniesAct2006relating to
small companies.
Approved by order of the board of trustees on 24 October 2022 and signed on its behalf by:
Mrs A D Wrapson - Trustee
-3-
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
G. S. PLAUT CHARITABLE TRUST LIMITED
Independent examiner's report to the trustees of G. S. Plaut Charitable Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2022.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsforthe purposesof companylaw)you areresponsiblefor the
preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
HavingsatisfiedmyselfthattheaccountsoftheCompanyarenotrequiredtobeauditedunderPart16 ofthe2006Act and
areeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccountsascarried out
undersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationIhavefollowedthe Directions
given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I havecompletedmy examination.I confirmthatno mattershavecometo my attentionin connectionwiththe examination
giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I haveno concernsand havecomeacrossno othermattersin connectionwiththe examinationto whichattentionshould be
drawn in this report in order to enable a proper understanding of the accounts to be reached.
H Priest
UHY Calvert Smith
Chartered Accountants
Heritage House
Murton Way
Osbaldwick
York
North Yorkshire
YO19 5UW
28 November 2022
-4-
G. S. PLAUT CHARITABLE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2022
Notes
INCOME AND ENDOWMENTS FROM
Investment income
3
EXPENDITURE ON
Raising funds
Investment management costs
4
Charitable activities
Charitable grants
Support costs
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
2022
Unrestricted
fund
£
75,668
13,145
13,145
45,500
7,380
66,025
(139,034)
(129,391)
2,036,352
1,906,961 |
2021
Total
funds
£
65,620 |
|
|
11,891 |
|
|
11,891
68,250
6,680 |
|
|
86,821 |
|
|
279,033 |
|
|
257,832
1,778,520 |
|
|
2,036,352 |
The notes form part of these financial statements
-5-
G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)
BALANCE SHEET 30 JUNE 2022
Notes
FIXED ASSETS
Investments
9
CURRENT ASSETS
Debtors
10
Cash at bank
11
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS |
2022
Unrestricted
fund
£
1,839,005
696
70,555
71,251
(3,295)
67,956
1,906,961
1,906,961
1,906,961
1,906,961 |
2021
Total
funds
£
1,964,958
723
73,810 |
|
|
74,533
(3,139) |
|
|
71,394 |
|
|
2,036,352 |
|
|
2,036,352 |
|
|
2,036,352 |
|
|
2,036,352 |
The charitablecompanyis entitledto exemptionfromauditunderSection477 of the CompaniesAct 2006 for the year ended
30 June 2022.
Themembershavenotrequiredthecompanyto obtainan auditof itsfinancialstatementsfortheyearended30 June 2022
in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
-6-
G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)
BALANCE SHEET - continued 30 JUNE 2022
Thesefinancialstatementshavebeenpreparedin accordancewiththe provisionsapplicableto charitablecompanies subject
to the small companies regime.
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon24October2022and were
signed on its behalf by:
Mrs A D Wrapson - Trustee
Mr W E Murfett - Trustee
Miss T A Warburg - Trustee
Mrs B A Sprinz - Trustee
Miss R E Liebeschuetz - Trustee
Dr J D Hall - Trustee
The notes form part of these financial statements
-7-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
1. CHARITY INFORMATION
TheG.S.PlautCharitableTrustLimitedisaprivatecharitablecompanylimitedbyguarantee,registeredwith the
Charity Commission in England and Wales.
The address of its registered office is Heritage House, Murton Way, Osbaldwick, York, YO19 5UW.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharitablecompany,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththeFinancial Reporting
StandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January2019)',Financial Reporting
Standard102 'TheFinancialReportingStandardapplicableintheUKandRepublicof Ireland'andtheCompanies Act
2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention,withtheexception of
investments which are included at market value.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementtothefunds,it is
probable that the income will be received and the amount can be measured reliably.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Investments
Fixedassetinvestmentsinquotedshares,tradedbondsandsimilarinvestmentsarestatedatfairvalue, as
determined by the fund managers at the reporting date.
BrewinDolphingenerallyusethemid-marketprice,assuppliedbyexternalinformationproviders,tovalue the
investmentswithintheportfolio;whereit is not possibleto valuethesecuritieson thisbasis,investmentshave been
valued on a basis considered appropriate, such as last trade or bid price.
Investmentgainsandlosses,whetherrealisedorunrealised,arecombinedandshownintheheading 'Net
gains/(losses) on investments' on the Statement of Financial Activities.
Portfolio management costs
The charity's investments are managed by its Investment Advisors, Brewin Dolphin.
Portfoliomanagementchargesarecalculatedonthevalueoftheportfolio,onaquarterlybasisattherateof 0.6%
perannum,plusVAT,onthefirst£millionandthen0.5%perannum,plusVAT,thereafter.Portfolio management
costs are included in the Statement of Financial Activities.
Financial instruments
FixedassetinvestmentsaremeasuredatfairvaluethroughnetincomeandexpenditureontheStatement of
Financial Activities.
All other financial assets and liabilities are measured at amortised cost.
continued...
-8-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
3.
INVESTMENT INCOME
Dividends and interest received on quoted investments
In specie dividends received
Bank interest received
4.
INVESTMENT MANAGEMENT COSTS
Portfolio management
5.
GRANTS PAYABLE
Charitable grants |
2022
£
72,727
2,936
5
75,668
2022
£
13,145
2022
£
45,500 |
2021
£
65,223
-
397 |
|
|
65,620 |
|
|
2021
£
11,891 |
|
|
2021
£
68,250 |
continued...
-9-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
5. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
Alzheimer's Research UK (ex Trust)
B'nai B'rith UK
Ben Gurion University Foundation
Bowel Research UK
British Eye Research Foundation (Fight for Sight)
British Limbless Ex-Service Men's Association (BLESMA)
British Red Cross
Cambridge Cycling Campaign
Carers UK
Chilterns Multiple Sclerosis Centre
Council of Christians and Jews
Daisy Appeal - Hull & East Yorkshire Medical Research Centre
Gurkha Welfare Trust, The
Home Farm Trust
Licoricia of Winchester Statue Appeal
Magen David Adom UK
Medecins Sans Frontieres
Middle East Education (London)
Nightingale Hammerson
Retina UK (ex RP Fighting Blindness)
Sight Savers International
St Basil's
Sutton Trust
Tall Ships Youth Trust
Veterans Aid
Victoria County History of Essex Appeal |
2022
£
2,000
2,800
2,000
1,000
2,000
1,000
3,800
2,500
-
3,800
-
1,000
1,000
1,000
-
3,000
3,000
1,000
-
2,800
1,000
1,000
500
1,000
4,300
4,000
45,500 |
2021
£
6,750
-
1,000
1,000
2,000
1,500
1,000
6,500
1,500
5,250
1,000
1,000
1,500
2,000
500
2,000
4,250
1,000
2,750
6,250
2,000
3,250
2,000
1,000
7,250
4,000 |
|
|
68,250 |
continued...
-10-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
6. SUPPORT COSTS
Support costs comprise governance and other costs as follows:
|
2022 |
2021 |
|
£ |
£ |
Governance costs |
|
|
Accountancy |
3,282 |
3,126 |
Secretary's expenses |
25 |
41 |
Secretary's fees |
3,625 |
3,500 |
Companies House filing fee |
13 |
13 |
Other costs |
|
|
Publications |
435 |
- |
|
|
|
Total |
7,380 |
6,680 |
|
|
|
7. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
|
2022 |
2021 |
|
£ |
£ |
Independent examiner's fees - independent examination |
1,438 |
1,370 |
Independent examiner's fees - accountancy |
1,844 |
1,756 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2022norfortheyear ended
30 June 2021.
Trustees' expenses
No Trustees' expenses (2021: £Nil) were reimbursed in the year.
continued...
-11-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
9. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 July 2021
Additions
Disposals
Revaluations
At 30 June 2022
NET BOOK VALUE
At 30 June 2022
At 30 June 2021 |
Listed
investments
£
1,964,958
78,152
(47,860)
(156,245)
1,839,005
1,839,005
1,964,958 |
|
|
The charity's investment portfolio is managed by Brewin Dolphin on a discretionary management basis.
Investments compromised:
|
£ |
Equities listed on the UK stock exchange |
726,502 |
Overseas equities |
48,731 |
Fixed interest investments listed on the International Eurobond Market |
307,987 |
Unit Trusts and Open Ended Investment Companies |
|
- UK |
109,550 |
- Outside the UK |
646,235 |
|
|
|
1,839,005 |
|
|
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
2022 |
2021 |
|
£ |
£ |
Other debtors |
696 |
723 |
continued...
-12-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
11.
CASH AT BANK
Bank current account
Bank deposit account
Stockbroker's client account
Total
12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
13.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
75,668
TOTAL FUNDS
75,668 |
At 1.7.21
£
2,036,352
2,036,352
Resources
expended
£
(66,025)
(66,025) |
|
2022
Total
funds
£
10,000
41,810
18,745
70,555
2022
£
3,295
Net
movement
in funds
£
(129,391)
(129,391)
Gains and
losses
£
(139,034)
(139,034) |
2021
Total
funds
£
10,000
55,600
8,210
73,810
2021
£
3,139
At
30.6.22
£
1,906,961
1,906,961
Movement
in funds
£
(129,391)
(129,391) |
|
|
|
|
|
|
|
|
|
|
continued...
-13-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
At 1.7.20
£
Unrestricted funds
General fund
1,778,520
TOTAL FUNDS
1,778,520
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
65,620
(86,821)
TOTAL FUNDS
65,620
(86,821) |
Net
movement
in funds
£
257,832
257,832
Gains and
losses
£
279,033
279,033 |
At
30.6.21
£
2,036,352 |
At
30.6.21
£
2,036,352 |
|
|
2,036,352 |
|
|
|
Movement
in funds
£
257,832
257,832 |
|
|
|
|
257,832 |
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2022.
-14-