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 2023
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 2023
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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 13
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G. S. PLAUT CHARITABLE TRUST LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
with the financialstatementsof the charityfor the year ended 30 June 2023. The trustees have adoptedthe provisions
of AccountingandReportingby Charities:Statementof RecommendedPracticeapplicableto charitiespreparing their
accountsinaccordancewiththeFinancialReportingStandardapplicableintheUK andRepublicofIreland(FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and activities for the public benefit
The objects of G.S. Plaut CharitableTrust Limited are to make grants or any other financialor other provisionin favour
ofanyinstitution,trustorcorporationwhichisestablishedforexclusivelycharitableobjectsorpurposes.All such
actionsaretobeundertakeninaccordancewiththeobjectsofthecompanyaslistedintheMemorandum of
Association.
ThetrusteesoftheG.S.PlautCharitableTrustareawareoftheguidancepublishedbytheCharityCommission on
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:
To promotebyanylawfulmeansanyobjectsorpurposeswhichunderthelawforthetimebeinginforcein England
are exclusively charitable.
In furtherance of the above objects but not otherwise the company shall have the following powers:
(i)Toassistanyperson,bodyorbodiesfinanciallyorotherwiseinthefurtheranceoftheaboveobjects or
purposes.
(ii)To make grantsor any other financialor other provisionin favourof any institution,trust or corporation which
is established for exclusively charitable objects or purposes.
ThetrusteeshavefurtheragreedthatdonationsbytheG.S.PlautCharitableTrustarelimitedto organisations
registered as charities and, as such, they will be assumed to be for charitable purposes as defined by the Charities Act.
When decidingsuitablerecipientsfor donations,the trusteeswill also considerboth the purposeof the charityand its
administration costs.
Review of activities
Thetrusteesof thecharityhavecontinuedtoactinaccordancewiththeaforementionedobjectsof thecharity.G. S.
PlautCharitableTrustLimitedconductednofund-raisingactivitiesnorreceivedanytradingincome,butcontinued to
receiveinvestmentincomeandtoactasagrant-makingbodyfromitsownfunds,asstatedinthe Financial
Statements. Charitable grants for the year totalled £49,800 (2022 - £45,500).
Grantmaking
The grant-makingpolicyof G.S. PlautCharitableTrust Limitedremainsin accordancewith the aforementioned objects
ofthecharity;viz.tomakegrantsoranyotherfinancialorotherprovisioninfavourofanyinstitution,trust or
corporationwhich is establishedfor exclusivelycharitableobjectsor purposes.All such actionsshall be undertaken in
accordancewiththeobjectsof theCompanyas listedintheMemorandumof Association.At eachtrustees' meeting
the trustees discuss in detail which charities to support.
FINANCIAL REVIEW
Investment policy
RBC 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 2023
FINANCIAL REVIEW
Reserves policy
Thecharityhastotalfunds,allunrestricted,of£1,911,042Ofthis£1,789,368isinvestedbythestockbroker in
equitiesand fixed intereststocks. £59,068 is held by the stockbrokerin their client accountbut is availablefor transfer
tothecharity'scurrentbankaccountatshortnoticeandcanthereforebeconsideredtobefreelyavailable. The
balanceoffundsof£62,606isalsofreelyavailable.Thetrusteeshavedeterminedthattheappropriatelevelof free
reserves should be 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
Thetrusteesarerecruitedbytheboardoftrusteesonthebasisofexperience,competenceandspecialistskills. The
boardof trustees tries to maintaina mix of skills and seeks to ensure that the family of the trust's foundermember, Dr
G S Plaut (deceased), is adequately represented on the board.
Organisational structure
As set out in the Articlesof Associationthetrustees(who are also directorsof the company)areelected,removed or
replaced by ordinary resolution of the company.
The numberof trusteesshallnot be less thanthree nor more thannine.They are appointedto act in accordance with
the objectsof the charityand,as such,make the necessarypolicydecisions.The trusteesmeet formallyfrom time to
time, normallyon a biannualbasis,to carryout any relevantbusiness.They may alsoact betweenmeetings following
appropriateinternalconsultation.Thetrusteesmayappointrelevantpersonsfromtimetotimetoassistthem with
the provision 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
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensure appropriate
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 2023
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
RBC Brewin Dolphin
12 Smithfield Street
London
EC1A 9BD
This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.
Approved by order of the board of trustees on 13 November 2023 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 2023.
Responsibilities and basis of report
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutunderSection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
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)).
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should 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
4 January 2024
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G. S. PLAUT CHARITABLE TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2023
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 |
2023
Unrestricted
fund
£
83,271
12,280
12,280
49,800
8,130
70,210
(8,980)
4,081
1,906,961
1,911,042 |
2022
Total
funds
£
75,668 |
|
|
13,145 |
|
|
13,145
45,500
7,380 |
|
|
66,025 |
|
|
(139,034) |
|
|
(129,391)
2,036,352 |
|
|
1,906,961 |
The notes form part of these financial statements
-5-
G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)
BALANCE SHEET
30 JUNE 2023
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 |
2023
Unrestricted
fund
£
1,789,368
-
125,215
125,215
(3,541)
121,674
1,911,042
1,911,042
1,911,042
1,911,042 |
2022
Total
funds
£
1,839,005
696
70,555 |
|
|
71,251
(3,295) |
|
|
67,956 |
|
|
1,906,961 |
|
|
1,906,961 |
|
|
1,906,961 |
|
|
1,906,961 |
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 30 June 2023.
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
30 June 2023 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 2023
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicableto charitable companies
subject to the small companies regime.
The financialstatementswere approvedby the Boardof Trusteesandauthorisedfor issue on 13 November2023 and
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 2023
1. CHARITY INFORMATION
TheG.S.PlautCharitableTrustLimitedisaprivatecharitablecompanylimitedbyguarantee,registered with
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
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective 1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct 2006.The financialstatementshavebeenpreparedunderthe historicalcostconvention, with
the exception of investments which are included at market value.
Income
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
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.
RBCBrewinDolphingenerallyusethemid-marketprice,assuppliedbyexternalinformationproviders, to
valuetheinvestmentswithintheportfolio;whereitisnotpossibletovaluethesecuritiesonthis basis,
investments have 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, RBC Brewin Dolphin.
Portfoliomanagementchargesarecalculatedonthevalueof theportfolio,ona quarterlybasisattherate of
0.6%perannum,plusVAT,onthefirst£1millionandthen0.5%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 2023
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
The total grants paid to institutions during the year was as follows:
Alzheimer's Research UK
B'nai B'rith UK
Ben Gurion University Foundation
Beth Shalom
Bowel Research UK
British Eye Research Foundation (Fight for Sight)
British Limbless Ex-Service Men's Association (BLESMA)
British Red Cross
Cambridge Cycling Campaign
Chilterns Multiple Sclerosis Centre
Daisy Appeal - Hull & East Yorkshire Medical Research Centre
Gurkha Welfare Trust, The
Home Farm Trust
Jewish Association for Mental Illness
Magen David Adom UK
Medecins Sans Frontieres
Middle East Education (London)
Retina UK
Sight Savers International
St Basil's
Sutton Trust
Tall Ships Youth Trust
Veterans Aid
Victoria County History of Essex Appeal |
2023
£
82,824
-
447
83,271
2023
£
12,280
2023
£
49,800
2023
£
3,300
2,500
1,000
2,300
1,000
2,000
1,000
3,000
5,000
4,000
1,000
1,000
1,000
1,500
2,000
3,000
1,000
3,300
1,000
-
1,300
1,000
3,600
4,000
49,800 |
2022
£
72,727
2,936
5 |
|
|
75,668 |
|
|
2022
£
13,145 |
|
|
2022
£
45,500 |
|
|
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 |
continued...
-9-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
6. SUPPORT COSTS
Support costs comprise governance and other costs as follows:
|
2023 |
2022 |
|
£ |
£ |
Governance costs |
|
|
Accountancy |
3,528 |
3,282 |
Secretary's expenses |
461 |
25 |
Secretary's fees |
3,750 |
3,625 |
Trustees' expenses |
378 |
- |
Companies House filing fee |
13 |
13 |
Other costs |
|
|
Publications |
- |
435 |
|
|
|
Total |
8,130 |
7,380 |
|
|
|
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Independent examiner's fees - independent examination
Independent examiner's fees - accountancy |
2023
£
1,546
1,982 |
2022
£
1,438
1,844 |
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended30June2023norforthe year
ended 30 June 2022.
Trustees' expenses
Trustees' expenses totalling £378 (2022: £Nil) were reimbursed in the year.
9. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 July 2022
Additions
Disposals
Revaluations
At 30 June 2023
NET BOOK VALUE
At 30 June 2023
At 30 June 2022 |
Listed
investments
£
1,839,005
25,270
(29,944)
(44,963)
1,789,368
1,789,368
1,839,005 |
|
|
continued...
-10-
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023
G. S. PLAUT CHARITABLE TRUST LIMITED
9. FIXED ASSET INVESTMENTS - continued
The charity's investment portfolio is managed by RBC Brewin Dolphin on a discretionary management basis.
Investments compromised: |
|
|
£ |
Equities listed on the UK stock exchange |
628,999 |
Overseas equities |
55,880 |
Fixed interest investments listed on the International Eurobond Market |
265,383 |
Unit Trusts and Open Ended Investment Companies |
|
- UK |
239,446 |
- Outside the UK |
599,660 |
|
|
|
1,789,368 |
|
|
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
11.
CASH AT BANK
Bank current account
Bank deposit account
Stockbroker's client account
Total |
2023
£
-
2023
Total
funds
£
10,000
56,147
59,068
125,215 |
2022
£
696
2022
Total
funds
£
10,000
41,810
18,745 |
2022
£
696 |
|
|
70,555 |
|
continued...
-11-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023
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
83,271
TOTAL FUNDS
83,271
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
At 1.7.22
£
1,906,961
1,906,961
Resources
expended
£
(70,210)
(70,210)
At 1.7.21
£
2,036,352
2,036,352 |
2023
£
3,541
Net
movement
in funds
£
4,081
4,081
Gains and
losses
£
(8,980)
(8,980)
Net
movement
in funds
£
(129,391)
(129,391) |
2022
£
3,295
At
30.6.23
£
1,911,042
1,911,042
Movement
in funds
£
4,081
4,081
At
30.6.22
£
1,906,961
1,906,961 |
|
|
|
|
continued...
-12-
G. S. PLAUT CHARITABLE TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
resources
£
75,668
75,668 |
Resources
expended
£
(66,025)
(66,025) |
Gains and
Movement
losses
in funds
£
£
(139,034)
(129,391)
(139,034)
(129,391) |
|
|
|
|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2023 nor the year ended 30 June 2022.
-13-