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2024-06-30-accounts

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 2024

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 2024

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

G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and activities for the public benefit

The objects of G.S. Plaut Charitable Trust Limited are to make grants or any other financial or other provision in favour of any institution, trust or corporation which is established for exclusively charitable objects or purposes. All such actions are to be undertaken in accordance with the objects of the company as listed in the Memorandum of Association.

The trustees of the G.S. Plaut Charitable Trust are aware of the guidance published by the Charity Commission 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 promote by any lawful means any objects or purposes which under the law for the time being in force in England 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) To make grants or any other financial or other provision in favour of any institution, trust or corporation which is established for exclusively charitable objects or purposes.

The trustees have further agreed that donations by the G. S. Plaut Charitable Trust are limited to organisations registered as charities and, as such, they will be assumed to be for charitable purposes as defined by the Charities Act.

When deciding suitable recipients for donations, the trustees will also consider both the purpose of the charity and its administration costs.

Review of activities

The trustees of the charity have continued to act in accordance with the aforementioned objects of the charity. G. S. Plaut Charitable Trust Limited conducted no fund-raising activities nor received any trading income, but continued to receive investment income and to act as a grant-making body from its own funds, as stated in the Financial Statements. Charitable grants for the year totalled £58,200 (2023 - £49,800).

Grant-making

The grant-making policy of G.S. Plaut Charitable Trust Limited remains in accordance with the aforementioned objects of the charity; viz. to make grants or any other financial or other provision in favour of any institution, trust or corporation which is established for exclusively charitable objects or purposes. All such actions shall be undertaken in accordance with the objects of the Company as listed in the Memorandum of Association. At each trustees' 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.

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G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

FINANCIAL REVIEW

Reserves policy

The charity has total funds, all unrestricted, of £2,023,760 Of this £1,882,979 is invested by the stockbroker in equities and fixed interest stocks. £91,887 is held by the stockbroker in their client account but is available for transfer to the charity's current bank account at short notice and can therefore be considered to be freely available. The balance of funds of £48,894 is also freely available. The trustees have determined that the appropriate level of free reserves should be approximately equivalent to anticipated expenditure for the next 6 months.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is a limited company, limited by guarantee, as defined by the Companies Act 2006. It is governed by its Memorandum and Articles of Association.

Recruitment and appointment of new trustees

The trustees are recruited by the board of trustees on the basis of experience, competence and specialist skills. The board of trustees tries to maintain a mix of skills and seeks to ensure that the family of the trust's founder member, Dr G S Plaut (deceased), is adequately represented on the board.

Organisational structure

As set out in the Articles of Association the trustees (who are also directors of the company) are elected, removed or replaced by ordinary resolution of the company.

The number of trustees shall not be less than three nor more than nine. They are appointed to act in accordance with the objects of the charity and, as such, make the necessary policy decisions. The trustees meet formally from time to time, normally on a biannual basis, to carry out any relevant business. They may also act between meetings following appropriate internal consultation. The trustees may appoint relevant persons from time to time to assist them 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

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure 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

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G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2024

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 report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 4 November 2024 and signed on its behalf by:

Mrs A D Wrapson - Trustee

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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 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with 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)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

H Priest The Institute of Chartered Accountants in England and Wales

UHY Calvert Smith Chartered Accountants Heritage House Murton Way Osbaldwick York North Yorkshire YO19 5UW

15 November 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 2024

----- Start of picture text -----
2024 2023
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Investment income 3 88,335 83,271
EXPENDITURE ON
Raising funds
Investment management costs 4 12,359 12,280
12,359 12,280
Charitable activities
Charitable grants 58,200 49,800
Support costs 8,650 8,130
Total 79,209 70,210
Net gains/(losses) on investments 103,592 (8,980)
NET INCOME 112,718 4,081
RECONCILIATION OF FUNDS
Total funds brought forward 1,911,042 1,906,961
TOTAL FUNDS CARRIED FORWARD 2,023,760 1,911,042
----- End of picture text -----

The notes form part of these financial statements

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G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)

BALANCE SHEET 30 JUNE 2024

----- Start of picture text -----
2024 2023
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Investments 10 1,882,979 1,789,368
CURRENT ASSETS
Cash at bank 11 144,585 125,215
CREDITORS
Amounts falling due within one year 12 (3,804) (3,541)
NET CURRENT ASSETS 140,781 121,674
TOTAL ASSETS LESS CURRENT LIABILITIES 2,023,760 1,911,042
NET ASSETS 2,023,760 1,911,042
FUNDS 13
Unrestricted funds 2,023,760 1,911,042
TOTAL FUNDS 2,023,760 1,911,042
----- End of picture text -----

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

continued...

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BALANCE SHEET - continued 30 JUNE 2024

G. S. PLAUT CHARITABLE TRUST LIMITED (REGISTERED NUMBER: 00980854)

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 4 November 2024 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

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G. S. PLAUT CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

1. CHARITY INFORMATION

The G.S. Plaut Charitable Trust Limited is a private charitable company limited by guarantee, 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 financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

All expenditure is included on an accruals basis and allocated to the activity to which it relates.

Grants payable are recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

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

Fixed asset investments in quoted shares, traded bonds and similar investments are stated at fair value, as determined by the fund managers at the reporting date.

RBC Brewin Dolphin generally use the mid-market price, as supplied by external information providers, to value the investments within the portfolio; where it is not possible to value the securities on this basis, investments have been valued on a basis considered appropriate, such as last trade or bid price.

Investment gains and losses, whether realised or unrealised, are combined and shown in the heading '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. Portfolio management charges are calculated on the value of the portfolio, on a quarterly basis at the rate of 0.6% per annum, plus VAT, on the first £1 million and then 0.5% per annum, plus VAT, thereafter. Portfolio management costs are included in the Statement of Financial Activities.

Financial instruments

Fixed asset investments are measured at fair value through net income and expenditure on the Statement of Financial Activities. All other financial assets and liabilities are measured at amortised cost.

continued...

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G. S. PLAUT CHARITABLE TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

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
Sutton Trust
Tall Ships Youth Trust
Veterans Aid
Victoria County History of Essex Appeal		 2024
£
85,121
1,081
2,133
88,335
2024
£
12,359
2024
£
58,200
2024
£
4,000
4,200
1,000
-
1,000
2,000
1,000
1,000
4,500
4,000
1,000
1,000
1,000
-
8,700
4,000
3,800
3,000
1,000
2,500
1,000
4,500
4,000
58,200		 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

continued...

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G. S. PLAUT CHARITABLE TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

6. SUPPORT COSTS

Support costs comprise governance and other costs as follows:

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Governance costs| |Accountancy|3,702|3,528| |Secretary's expenses|578|461| |Secretary's fees|3,750|3,750| |Trustees' expenses|186|378| |Meeting expenses|243|-| |Company secretarial fees|191|13| |Total|8,650|8,130|

----- End of picture text -----

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

----- Start of picture text -----
|||| |---|---|---| |2024|2023| |£|£| |Independent examiner's fees - independent examination|1,622|1,546| |Independent examiner's fees - accountancy|2,080|1,982|

----- End of picture text -----

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2024 nor for the year ended 30 June 2023.

Trustees' expenses

Trustees' expenses for travelling expenditure incurred personally, totalling £186, were reimbursed to two trustees in the year (2023: £378 reimbursed to four trustees).

9. EMPLOYEES AND DIRECTORS

The average number of employees during the year was Nil (2023: Nil).

continued...

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G. S. PLAUT CHARITABLE TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

10. FIXED ASSET INVESTMENTS

MARKET VALUE
At 1 July 2023
Additions
Disposals
Revaluations
At 30 June 2024
NET BOOK VALUE
At 30 June 2024
At 30 June 2023		 Listed
investments
£
1,789,368
65,220
(66,504)
94,895
1,882,979
1,882,979
1,789,368

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
Overseas equities
Fixed interest investments listed on the International Eurobond Market
Unit Trusts and Open Ended Investment Companies
-UK
- Outside the UK
Cash products		 £
637,616
58,874
257,926
253,438
649,605
25,520
1,882,979

11. CASH AT BANK

Bank current account
Bank deposit account
Stockbroker's client account
Total		 2024
Total
funds
£
10,000
42,698
91,887
144,585		 2023
Total
funds
£
10,000
56,147
59,068
125,215

continued...

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G. S. PLAUT CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

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
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 as follows:
Incoming
resources
£
88,335
88,335		 At 1.7.23
£
1,911,042
1,911,042
Resources
expended
£
(79,209)
(79,209)
At 1.7.22
£
1,906,961
1,906,961		 2024
£
3,804
Net
movement
in funds
£
112,718
112,718
Gains and
losses
£
103,592
103,592
Net
movement
in funds
£
4,081
4,081		 2023
£
3,541
At
30.6.24
£
2,023,760
2,023,760
Movement
in funds
£
112,718
112,718
At
30.6.23
£
1,911,042
1,911,042

continued...

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G. S. PLAUT CHARITABLE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2024

13. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund		 Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
83,271
(70,210)
(8,980)
4,081
TOTAL FUNDS 83,271
(70,210)
(8,980)
4,081

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2024 nor the year ended 30 June 2023.

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