Charity number: 309719 CHARLES PLATER TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CHARLES PLATER TRUST (A Company Limited by Guarantee) CONTENTS Page Reference and administrative details Trustees. report 2-15 Independent examlnerfs report 16 statement of financial activities 17 Balance sheet 18 Noles to the financial stst8ments 19-27 CHARLES PLATER TRUST IA Company Llmited by Guarantee) REFERENCE AND ADMINISTRATIVE DETAILS OF THE TRUST. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Bishop Richard Moth (Chair) Bishop Paul McAleenan Richard Hopper (resigned 3(yh June 2023) Michael Walsh Cathy Cofcoran (resigned 30th May 2023) Andrew Haines Oliver Smith Brian Mooney Steven Hargraves (resigned 24th March 2024) Laura Maydew-Gale Matthew Wall Bishop Peter Collins (appointed 214 June 2023) Philippa Gitlin (appointed 5th March 2024) Patricia Femades (apFointed 51h March 2024) Charity registered number: 309719 Princlpal office: 39 Eccleston Square London SW1V 1BX Independent Examiner: MHA Chartered Accountants Building 4, Foundation Park Roxborough Way Maidenhead SL6 3UD Investment Managers: Ne￿ealth Investments Limited Two Fitzroy Place 8 Mortirrer Street London W1T 3JJ Solicitors: Fieldfisher LLP Riverbank House 2 Swan Lane London EC4R 3rr Bankers: National Westminster Bank PIC Clapham Junction branch 66￿8 St John's Road London SW11 1PZ. Page 1 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report together with the financial statements of Charles Plater Trust (the Trust) for the year ended 31 March 2024. The Trustees confirm that the Annual Report and financial statements of the Trust comply with the current statutory requirements, the requirements of the Trust's governing document and the provisions of the Statement of Recommended Praclice {SORP) FRS102 'Accounting and Reporb'ng by Charities" Structure• governance, and management Principal Aims and Objects According to the Deed, the Trustees of the Charles Plater Trust hold the income of the Trust Fund= to payorapplyit in such a mannerto. orforthe benefit of, such exclusively charitable objects in furtherance of the advancement of education as the Trustees may think fit, including those consistent with the social teaching of the Roman Catholic Church. [Trust Deed CLguse 51 The Trustees confirm that they have referred to the guidance provided by the Charity Commission on public benefit when reviewing the Trusfs aims and objectives, in planning future activities and setting the grant making policy for the year. Each year the Trust seeks to fu￿11 its charitsble objecttves by disbursing fvnds from the income from investments through an open competition for projects and initiatives that meet at least one of the Trust's three specified themes. Laily Leadership Proposals for grant aid should be aimed at deepening the awareness of Catholic Social Teaching and Thought lo better equip people to take on leadership roles in tackling povety, exclusion, economic inequality, or environmental cOn￿ms. Educational Social Action Grants for this Iheme need to demonstrate how the applicant's project will deliver tangible outcomes to tackle poverty, exclusion, economic inequality or environmental concerns through education or training acts"vities in a broad way. Applied Research Grants will be awarded to projects which seek to develop and appty Catholic Social Teaching and Thought, in partnership with those who are working in and delivering social action work, with a view to ultimately improvÈng practice and publ￿ policy. The Trusl invites applications for grants from organisations by advertising in Catholic and other media. Organisational applicants submit their proposals to the Trustees in an online application fom available on the Charles Plater Trust website. These are initially as5e55ed, against five published criteria, by Ihe Trust's Grant- Making Committee (GMC). The GMC recommends selected applications for agreement by the Trustees, carrying out the necessary due diligence to ensure that proposals do not pose any detriment. harm, or reputational risk to either the beneficiaries or other parties involved. The beneficiaries of the grants are the clients of the recipient organisation and the public. The three themes each reflect the Plater objectives and are in the Catholic social teaching tradition, although eligibility for grants is not limited to Catholic organisations or causes. Successful award holders are required to allow their work in relation to the award lo be assessed. publicised, and used to promote good practice in charitable work. Page 2 CHARLES PLATER TRUST (A Cornpany Llmited by Guarantee) TRUSTEES. REPORT {continued) FOR THE YEAR ENDED 31 MARCH 2024 Trustees In this operating year. The Trust was led by Bishop Richard Moth who chaired board meetings for this period. There were several changes to the trusteeship in tt)is peri(xg, a5 terms of office came to an end and new recruitments took place. Both Richard Hopper and Calhy Corcoran stood down from the board having successfully completed their six-year terms of Offi￿ as trustees. Unfortunately, we also lost the service of Stephen Hargraves who had to resign early on health grounds. We were joined by Bishop Peter Collins from the diocese of East Anglia. who was appointed by the Catholic Bishops Conference to bring our number of Catholic bishops back to the Tnjst deed number of three. Catherine Sexlon resigned as trustee in this period due to other work commitrnents. In addition, Ihe latest round of new recruitments for lay trustees took place over Autumn 2023. which resulted in the eventual appointment of two new Truslees in March 2024 - Philippa Gitlin and Patricia Femandes. These trustees were both chosen specifically forthe weatth of their char¢ty management expertise, and their appointments were ratified by the Catholic Bishop's Conference as the Trust deed dictates. The Trustees shown in the referen￿ and administrative details of the Trust were in office at 31 March 2024. Except where shown. Ihey served throughout the period covered by this reporL No trustees received any financial remuneration from the charity during this period. Rlsk Management The Trust has assessed major risks faced by Ihe charity and sought to estsblish systems and prO￿dureS to miligale those risks. The main risks are the risk in fluctuations in the income on the investment of the capital and the risk of loss of key staff, Committee members and Trustees. A fvll ￿pY of its Risk Assessment is available on request from the Ttust Manager. Potential Conflicts ollnterest Where the potential to give rise lo an actual or perceived personal conflict of interest was identlfied, the chairs of the Grant Making Committee. Finance Committee or Board. as appropriate. fairly and effectively determined what, rf any action was required. The Board has conlinued to identify and follow best practice in this and other areas of good govemance. in part through its mernbership of the Association of Charitable Foundations. Agreements with Grant Recipien The Trust obtains signed agreements wth all recipients prior to paying the first grant instalment. These agreemenls govern the relationship belween their organisations and the Trust and are signed by officers of the organisations. In the case of large grydnls. the agréements commit the reapients to report on the projecfs progress at its mid- temi point and to submit a full repor( including outcomes. at the conclusion of the project. The grant is paid in siages; 50QA on receipt of the signed agreement. 40Y• on receipt of a salisfaclory progress report {normally al the half-way stage) with the final 10Yo payable on receipt of the final report. The agreement with recipients is reviewed regularfy to ensure that the Trust's requirements are dear. There was another round of the small grants programme in this period to target specifically micro and small charities (defined as those with annual incomes of less than £100,000). The small grants are up lo £5,000 per charity and paid in one 100Yts instalment. These grants are to enable the implementation of localised projects, and such small grant recipients are required to report on what has been achieved with the funding provided at the end of the year4ong delivery pro￿$$. They also are invited to verbally report on their progress at the annual awards ceremony. Page 3 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Monitoring of Grant Funded Pmjects The Trust has adopted a formal procedure for monttoring recipients of gran15. For large grant award holders, progress reports are required at the half-way stage and on completion of the project to demonstrate how the outcomes matched the slated and approved aims of the projects. For small grant award holders, a simplified process takes pla￿S that requires one final written report at the end of the year long project to describe progress against the stated objectives. The Trust continues to allocate a Link trustee for large grant award holders, generally from its Grant ma￿ng Committee or its Finance Committee. to monitor and advise specific grant recipients and act as a contact person. in addition to the Trust Manager. Online 'leaming conversations, involving members ofthe Grant Making Committee alongsidelhe Trust managerhave also been introduced forsmall grant award holders to assist wider and deeper leaming on outcome5 delivered by the modest funding offered by the Trust. Page 4 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES, REPORT (¢ontlnued) FOR THE YEAR ENDED 31 MARCH 2024 Actlvltles Flnan¢o In the course of the year the Finance Committee undertwk the folk)wing adivities the proposals from which were all discussed, amended and agreed by the Board of Trustees'_ . An operating budget for 2023124 was devised and monitored throughout the year . An annual finanaal strategy to support the grant making policy which draws on an element of capital as well as income was implemented. . The Trust's approach to ethical investment was reviewed by the Finance committee requiring all investments in future to be placed in funds meeling Socially Responsible Investment standards. The Finance Committee benefited from regular meetings that drew on the expertise offered by the investment managers, Netwealth, together with the information and guidance available through CPT'S memberships of National Council for Voluntary Organisations and AssQCtatKJn of Charitable Foundations. Grant Awards 2023124 The CPT had its strongest ever response in Ihe 2023 large grants round. By closing date of 1P Marth 2023, the CPT re￿ived a staggering 256 large grant applications, wÉlh 65% of these coming in. in the last three days alone. This is three times more applications than our previous highest number of 85 and represented a significant challenge for how the GMC could fairly assess these, and in praviously agreed timescales. Profile of the 2023 large grant applications 250. or 97%. of these applications were from registered charities. Only 7 were from CICS or compaiable. A range of sizes of charities applied to us. 4 {20A) were micro charities (less than 1 Ok income)., 36 (140/.} small charities (1 Ok-1 Ook income)- 139 (56 / ) medium (100k-1 million income). 77 (309/•) large {1 million-10 million) and 2 (10/0) Universities (major) applied to us. 89 or 35OA of these were from faith based charities. 164 or 64% from non-faith based charities12 didn't know their faith basis). 37 applicants or 14% described themsefves as BME led charitEs, and 7 or 3•/0 were from disability led charities. The vast majorty of applications. 215, or 84% were from charities that were neith&r BME or disabllty led. All areas of educational need were represented. Criminal Justice (18): Homeless (29),. Nonpsector Specifi (61- Migration and Asylum128).' Vulnerable Girls and Women {18},' Children and Young People (61)- Family Support {25)', Older People (9): AduR Education (10)- Disability (16)- Mental Health (16),- Physical Health (2)", Care for the Environment (9): Other {11). The vast majority of applications related to the Educational Social Action theme (227 bids or 88•/0}. But all themes were covered in folloving amounts: Leadership for Lay People (31: Leadership for Lay People and Social Ac￿n (18). All 3 themes {5): Social Action and Applied Researth (3)., Applied Research (2). All geographical areas were also covered. though there is an obvious higher weighting of London based charities {94 or 37 /•)- followed next by South East based charities at131 or 12Yo).' North West (23}- West Midlands (21); South West (23): Yorkshire and the Humber (21); East Midlands (131- East of England {11); North East (10)., North Wales (3),. Mid Wales {1); South Wales {3},' South West Wales (3). The smallest funding request received was for £4k while 35 chartlies asked for our largest fvnding request of £60k. A few asked in excess of 60k and were advised that this was not possible. Most applicatioTrs were in the region of 40-50k ask. Collectivety the 257 applications represented a financial ask of £16,089, 917 or an average ask of £62,606. This is 42 times more than our usual funding limit could allow for. Page 5 CHARLES PLATER TRUST (A Company Llmlted by Guaranteel TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 54 applications were for projects of one year or less and 11 appllcaty.c￿S for 1-2years duration, while majority were, as is usual. for projects of 2 years duration (192). To cope with the volume of appli(%lK)ns. this year for the first time. the CPT bought in additional grant assessmenl support from an experienced grant assessor consuttant. whose task it was to quantitively score all applications against the CPT crileria, and reduce these to an initial longlist of 44 of the strongest applications for the GMC to further assess. Following an extensive grant stage ￿ grant process by the Grant Making Committee (GMC), ultimately the GMC recommended the nine slrongest proposals to the full Board meeknng on 30th May 2023, and these were approved. At the annual awards ceremony held al the crypt in LiverFKfyoI Cathedral on 215t June 2023. the following new partnerships with nine new award holders were publicly announced= 2023124 Large Grant Awards (agreed by Board on 30 May 2023): Notre Dame £50,000 Drop-ln Services. activities Refugee Centre £50,000 grant to support the salaries oftwo core members ofNDRC slaff (project (NDRCI worker and administrator) and towards the costs of their Drop-ln Service5, activities. The NDRC provides a wami welcoming space for at least 1750 refugees and asylum seekers migranls each year. From their central location in Leicester Square, Weslminster, and with their bilingual specialism in French and English. the NDRC helps to move migrants on in their lives by responding to their most crilical needs and by providing a range of acb'vities from the centre which includes ESOL classes.. counselling, wellbeing activities including dance and seated yoga,. 1..1 employment support including IT skills creative activib'es including art therapy. Parents And Children Togethor (PACT £41,190 Education for All- Tackling education inequalit￿S of adopt8d children, and raising awareness of the impaot of chronic childhood trauma on brain development and behaviour. Education for All was developed in response to an increasing number of PACT families desperatety seeking advice and support to understsnd their adopted children's behaviour, address negative school experiences. and reduce discriminat￿n of adopted children. 73 /0 of requests from PACT adopters are for education support. Adopted children are the most disadvantaged and marginalised in society. A judge will only grant a ￿nal care order with a plan for adoption. if certain conditsons are met such as suffering, significanl hardship, neglect andlor abuse, where no suitable guardian identified. and often after intensive support to birth parents to avoid removal. ACE'S and chronic childhood trauma have a significant impact on brain development and behaviour. This can cause confusion. anger, and lead lo behaviour difficulties in school rf not fully understood. Adopted children are 20 times more likely to be excluded from schools. Adoption UK confirms 65°h of adopters think their school doesn't understand the impact of their child's background on their mentsl health, and abilty to engage. leam and achieve their potential. The CPT grant will help fund PACTS Specialist Education Worker who will help adopled children and their families to uncover the root causes of disruptive Page 6 CHARLES PLATER TRUST (A Company Limited by Guarantee} TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 behaviour and understand the child's needs in order to thrive in an educational setting. They wll work with teachers and schools to discuss appropriate tools and strategies to better support the child's needs, review school policies, and deliver training to raise awareness of the impact of chronic childhood trauma and Adverse Chiklhood Experiences {ACE'5} on brain developrnenl and behaviour. If schcols can better undersland the impact of ACE'S and the time and specialist support required to address these, our adopted children will be more able to engage with leaming opportunities and have a better chance of achieving their academic potential. Providence Row £50,000 Providence Rows Routes to Roots (R2R) Hospital Discharge Progrdmme The CPT grant Mll fund the Routes to Roots (R2R) project which prevents homeless people from being disGharged from hospital, and retuming to homelessness. Recetving referrals from the Homeless Pathways Teams at the Royal London and Mile End Hospitals in Tower Hamlets. our R2R Caseworkers will support at least 75 extremely vulnerable clients through this grant to exit homelessness. These people will not have a k)cal connection lo Towef Hamlets and will be at risk of homelessness as they approach hospital discharge. Tempus Novo £50,000 Tempus Novo East Midlands The purpose of the CPT grant to Tempus Novo is to assist offenders and ex- offenders into employment. Only 10°A of offenders are in work six weeks after leaving prison and just 170A after a year. Of great concern lo TN is the number of re-offenders. On average 50Yo of those leaving prison reoffend with 12 months. For those seNing short sentences this increases to 64VA. Research (e.g., Visher et al 2005) has demonstrated thal getting an offender into a job reduces the probabilty of re4)ffending by between 30-50% i.e., it is. by a long way, the best method of reducing offending. {TN) The TN approach indudes: .Working with offenders whilst they are in prison or commencing community sentences to explore their options and assess whether the TN approach is right for them. Each prisoner is allocated a case-worker, providing one to one support and coaching. Supporting prison leavers as they approach their release and 'through the gate,, liaising with other help agencies where needed e.g. housing. drug treatment, health elc. Preparing service users to apply for jobs and providing support before they get a job. including support from ex-offenders as mentors. TN place offenders into employment as soon as possible after they leave prison or cornmen￿ a Gommunity sentence. TN recruits and supports employers who are willing to give an offender a chance of a job if they are supported by TN. TN provide continuin9 SUPPOrt for offenders and their employers for up lo 12 rnonlhs. TN has developed a pool of over 70 employers. TN has developed particularly dose partnerships with the logistics industry which is the backbone of the UK economy, employing some 3 million people. It offers many starter jobs for people with little or no previous experience. TN are now developin9 a service focus around Milton Keynes, a major logistics industy hub, to demonstrate that the TN model has the potential to thrive elsewhere in the UK. From their new base in Milton Keynes. TN wll work with Springhill prison in Buckinghamshire and Five Wells Prison. TN anticipate placlng 40 people into employment in the year 2022-3 from our new SerV￿e in Milton Keynes and 70 in the fdlowing year during the lrfe of the CPT grant. The CLD Trust £40.000 Extended mental heatth support foryoung people Page 7 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Il's widely known that 1 in 4 adults al any given lime have an issue with their mental health. Vvhat is less well known is that international longitudinal studies have shown that 500/0 of those adults will have struggled from the age of 14, 75°/0 by their early 20s. Properly supporting people in this age range, and giving them the 51ralegies to develop and maintain emotional resilien￿ therefore is crucial to the wellbeing of all of us. The CPT grant will fund extended work for some of those children, young people and families whose issues are complex and need more than CLD'S usual brief intervention model. The pandemic and economic crisis as well as fears for the environment have created a perfect storm increasing and exacerbating anxiety and slres5 which has a long-temi impact on the positive relationships within families as well as the ability of young people to nake the most of Ihe opportunities life brings them. These could include education, work, soaal opportunities and opportunities lo tske a full part in their communities and the support that people around Ihem may need. Increasingly. CLD have found Ihal some young people need more support to really make that dtfference to their resilience. CLD work with young people who are at risk of entering the criminal juslice system. have suffered abuse, witnessed domestic violence, been bullied, disenfranchised and isolated. Often these issue5 have resulted in self-harrn or suicidal ideation. This innovative wraparound model builds on work across CLD'S therapeutic team and their early intervention work in their Strong Young Minds programme. pulling those elements together to build a stronger and more lasting resilient future. The Haven £52.894 Suppothng women to overcome the trauma of dcvnestic abuse and homelessness through dedicated Domeslic Abuse Key Worker support in safe accommodation. The CPT grant will enable the Haven to provide dedicated SUPF)Ort to women who have been subjected to domestic abuse and homelessness. through the full-lime employmenl of a Domesb"¢ Abuse Key Worker for two years at The Haven Wolverhampton. They will.. Provide specialist support tailored to meet the individual needs of each woman in Iheir caseload, from supporting her to register with her GP, to helping her apply for leave to remain. Break down barriers, challenge and advocate on her behalf, ensuring She has a voice at a time when she may feel unable lo have her own voice heard. Tackle issues and injustices that affect her and her children. Ensure women have access to in-house holistic services, including counselling and women's programmes. SLJbstance use suptx)rt. Lrfeskills development leg budgeting, accessing employment), children and young people seNices, and resettlement, so women have all the support they need to recover from the IraLtma of the abuse they have been subjected to, and move forwards with their INes. The Jericho Foundatlon £49,000 Equiano Plus Equiano Plus is Jericho's employment-focussed project supporting survivors of modern slavery to recover, rebuild their life after exploitation and rèduce their risk of r&exploilation. Our unique and innovative delivery model offers survivors a real job. either paid or voluntary. within one of our in-house social enterprises Jericho Cleaning. Wood Shack (wood recycling). Reusers (retail). Miracle Page 8 CHARLES PLATER TRUST (A Company Llmited by Guarantee) TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Laundry, Loft Workspace (reception experience). Jericho Construction and ChangeKitchen (vegetarian and vegan catering). This workplace experience include5 work-based training and leaming as well as modelling -good" employment to improve understanding of UK worker rHJhts and exploitation risks. Employment is coupled wrth long-lerm. trauma-informed support to overcome the challenges affecting their lives including: health and wellbeing activities., one to one English lessons.. social activities to reduce isolation, develop peer support neI￿orkS and build awareness of the local area,. help to navigate UK systems including benefits. heath services and housing; referral inlo specialist support including legal advocacy, counselling. debt advice: referral inlo mainstream employment, training and other postlive outcomes. The CPT grant will provide individually-tailored support to 35 suNivors each year and we anticipate approximately 70.kn of these will be female survivors of sexual exploitation, domestic seryilude andlor forced labour. Trlangular CIO £29.956 One40-one support forrefugeès in Tyne and Wear CPT ftjnding will enable Triangular to expand their one-tcFone support serving 140 of the most isolated. vulnerable refugees in Tyne and Wear. The charty has successfully run a pilot project and are now pursuing multi-year funding to solidify their programme lo provide stable support and benefil their community in new ways. The CPT grant will enable the charity to employ ￿ community- based sessional workers. who will lead the project and engage beneficiaries across Tyne and Wear. Refugees often experience high levels of psychological distress and can suffer from a range of mental health problems. including PTSD, anxiety. and depression. Triangular want to prioritize mental wellbeing in this new outreach. Women's Health Matters £49,999 Rosebuds The CPT grant will fund salary and running costs for Rosebuds, an educational and peer support group for women who have had one or more children removed from Iheir care The women supported by Women's Health Matters IWHM} are some of the most excluded and mafginalised in society. All live in povety- Half have experienced homelessness. Over a third were sexually abused as a child. As an adulL 81Yo have experienced domestic, emotional, or sexual abuse or been involved in a violent relationship. All have resulting mental heakh problems. Rosebuds helps women recover from the trauma of having their children removed. develop positive coping strategies and manage their mental health. Better reLqtionships wilh social workers. fosterladoptive carers and their children is a natural part of this journey. Uttimately, by taking a trauma-informed approach and focusing on helping women build a happier and healthier lrfe, WHM help them reduce levels of exclusion. WHM facililate the peer support of women with shared experiences,. deliver education sessions covering topics including identfying abusive relationships and building resilience arKI fte￿orks. As a result. 85 /fy of women improve their mental wellbeing. 90°k feel less lonely. and 900A feel more capable and are better able lo be able to cope wtth day-to-day life. Page 9 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 Small grants programme 2023r24. For a third year, targeting funding support at small charities was maintained by the Trust through a dedicated small grants round in Autumn 2023. In 2021. the CPT established a small charity grants programme. providing grants of up to £5.000 to small charitie5 (with a turnover of less than £100,0001) to help them better cope with the demands and challenges coming out of the pandemic. After a competitive bidding prO￿sS managed by the Grant Making Committee. by close of deadline on 10th October 2023. the GMC received Iwenty-five submitted small grant applications for our 2023 small grants progr8mme. This was up from sixteen applications in the prewous year. These applications represented a satisfactory range of differences: Most {17 or 68Yo) of applicants were from small charities (10k-100k income), though we also attracted a reasonable number18 or 32Vc*l of micro (less than 1 Ok income) charities to apply. 13152°A) were from faith-based organisations- 12 {48¥.) were from non-faith based organisations.. 13152.hl of applications were from BME led charities". 2 {8 /0} were from disability led organisations. A wide range of geographical areas were represenied. though the maI￿lIY were from London (11 or 44 % }.' 5 SoLrth East {20 % )- 3 {12 /0) Yorkshire and the Humber- 2 {8°10) North West., 2 {8%1 North East- 1 (4 / ) East of England region and 1 (4O/.I West Midland5. Again. no applications received from anywhere in Wales which remains an area where CPT appears to have very limited reach for small charits"es. Applications covered a wide range of seNice user groups- majority (8) Children and Young People projects,. followed by 6124 / l Family support,. then 3 (12°A) Care for the Environment projects.. the 2 {8 /.) Menlal Health proposals; 2 {8%1 Migrants and Asylum- 2 {8¥0) Older People Projects- 1 (40k) Drug and Alcohol Recovery and 1 (4Q/o) Criminal Justice project. The vast majority of the applications were for an exclusively social action theme (18 or 72 /.), with only one project exclusively representing a lay leadership theme {4 /0)- though there were 4 proposals (16 % ) that described themselves as spanning both social action and lay leadership Ihemes. 1 proposal (4¥0) described itself as encompassing all three themes and one project {4%) also identified as a social action and applied research project combined. Following a board meeting on 5th December 2023. Trustees awarded ten small charities with small grants from the Plater Trust as follows: Chartty Funding Project Doscription by applicant Request 1.ChikJren's Book Project. London £3,0￿ The Discovery PrOgramn￿.. Addressiw Children's Book Poverty in L(￿don They are a lean. grassroots, volunleer-powered charity, collecting new and genly used books from families and publishers and redi51ributing Ihem to chikjren and young people grown9 up in povety. Every btxjk donated to them finds itself in a new home, with a new reader and the capacty lo shape fvture life outcomes. Their flagship githng 8ctiwty. the Discovery Programme, is a rolling initiative made up of a series ol inclusive and celebratory bwk gith.ng events, delivered over the course of an 8eademic year. A grdnl of£3.O¢X) will enable three primary schools in London to participate. The Discovery programme consisis of a series of inclusive and celebratory book githng events offered lo schwls free of charge. Al each event children are invited lo choose the books that they are most ins￿red by and to lake them home to keep. The progTamme was designed and tested in Conjur￿lI0n wth teachers and pupils lo ensure we engender real 1 The definitKJn of what ¢onstilutes a 'small chartty. he￿ is tsken from the wdely accepted classifications derived from NCVO UK Civil Sooety Almanac.. s'.Ildats.ncvo.o -uk which defines a small charity as one with Income £10.000 - £100.000 and a 'micro' charity as one wtth an income below £10.0(KJ. Page 10 CHARLES PLATER TRUST (A Company Limtted by Guarantee) TRUSTEES. REPORT {conlinued) FOR THE YEAR ENDED 31 MARCH 2024 buzz and excitement in schfx)Is and help to engage every child. The programrne is fully inclusive, dovetails bmth sthoob, wtder lileracy initiatives and supports wider community engagemenL All of our events are hosted by our partiupant 5chods, ensuring they are run in vRys which wll best r8son*e wilh their pupils. We measure the impact of our gifting even15 and produce reports with geographical. age-related splits and the fvll breakd￿ of books gifted. We can also report on the perceived Impact across measures indudirvJ appeltte, confidence and enga9empnl. using temly reporting undertaken in conjunction with teaching staff. We collate and crftically reV￿W all feedback to ensure the programmes contirHJally evolve to make certain our core aims of addressing book poverty ￿maIn re18vant and keep pace wilh the ever changing environmenL 2.Andrew Robinson Young People's Trust (ARYPT}. Wesl Midlands £5.Oc￿j To provide wsifwe lrfe experiences for disadvantaged child￿n. We prowde a Christrnas ￿sIdentIal weekend and a winter caTnp at Alton castle. Cathofi¢ Dirxesan ￿lId¢Or adventure centre for disadvantaged young people from deprived areas ol Coventry. We also provide supp￿( to ARYPT youth groups run in schools 8nd parish settillgs. as well as providing support to enab￿ ywng people who fit the criteria to parbcipale in the diocesan p(Igrimage lo Lourdes. SMO young people will directly benefft fr(xn the CPT grant to enable them b partiupate in the Winter c8mp. 3.The Ecological Conversion Gro¥Jp, South East £4. 680 Lel us Dream. deartery days to help communibes to d￿arn of and build a better futur8 forall. We increase the capability ofthe cathol￿ Church arKI its structures Idio￿es, parishes, scF%)ols. relwjious commvnities, families. and indiwduals) to respond to environmèntal and social injustice. We do this thrryjgh creation of reSoUr￿s. consultancy. provision of talks a woikshops. nefvth support and through communi¢abons & engagement. We are seeking fun¢ts to supFKtrrt UK parishe5 through our 'Let us Dream. Deanery Days as part of our Joumey to 2030 project: these are workshops Ihal we run throughout England & Wales which seThe the followng psJrposes'. To help particrpants realise the potential of our communities to mak¢ rgal change in the workj. . To encourage them to dream about and share Ihe wortd they would Ilke lo see. . To help fomi a deanery nehvork ot K*ople keen lo make a change. . To give trdining on using Joumey to 2030 resoUr￿S Iparticulady our'BuildiNJ a Caring Community. parish poster path) so that by the end of the session they wll have the confidence to njn these actiwties in their own parishes, schools and communities. The CPT would fund stsff time in ￿annIng and deliverlng these workshops, as well as ¢XJnb"nued deanery monitoring and support. The Joumey to 2030 Project is fundamentslly about systems change. therefo￿ we indirectty impact all of society. Through our deanery workshops, wo aim to reach 12 deaneises of 30 people (360 diracl beneficiaries). 4.The Green Hub Project for Teens. South East £5,0￿ MilftKd & Ftyths WinferAccess | Volunteer Development 2024 Providing winter faC￿ltieS for our tsvo teen ganlen sites (Milford & Hydons}. as well as a major development in our volunteer training in 2024. The Green Hub is unique in the area for offering a non-judgementsl. person in eamest in June 2021, meaning that we are still in the primary development phase. The fttnding we are requesting is twofokj - some to be attributed to developing winter facilities at our two garden sites, ensuring that programmes are sustsinable year round,. and part lo a major UFgrade to our teeTrfacing volunteers training programme. Both these elements will enaNe the project to Matu￿ and respond the very hi9h demand for our sUPPOrt. We run iwo gardens. both offering 12 support programmes lo teenagers wth SEMH chanenges. The work in groups of 8 and we afe available f¢x 41 weeks of the year. At full CaPa￿ty we can support 82 teens in any given year. Page 11 CHARLES PLATER TRUST {A Company Limlted by Guarantee) TRUSTEES. REPORT {continuedl FOR THE YEAR ENDED 31 MARCH 2024 5.GSE UK {Guides and Scouts of Europe, UK}-"1s1 Galèshead" group. North East £2,966 Financial help for 7 children from disadvantaged backgrounds lo fvlly pa￿"C[paIe in scouring aclivitses fora furtheryear Proied costs to enable 7 disadvanlage(I children lo attend our scouting Meetings for the next 12 months and to be kilted up with unrfomis and handbooks. The 7 disadvaniaged children have been attending our 5CClJting group for thè past 8 months. They all come from the poorest part of the West End of Newcastle (Elswick areal and have challerKJing bad{gr￿ndS andlor currenl circumstances. In parb'cular we want to kit them (yjl in unifomis. partly so they don't feel like 2nd class rr£mbers on the fringès. Ixrt also beCa￿e it encourages the scouting qualib'es of honour and respect and self- worth. None ol these children can afford lo buy theif own uniform and are totally reliant upon charitable donations in order to keep atteTrJing. The 7 children have been hand- selecled by the Missionaries of Charity from the many poor children they work with, as those who could benefit most from our scouting work. Aecording lo the Sisters. our scouts gr¢)up provides the onty chance for them lo go out. We are helping them have purpose and diraction in lif8: teaching Ihem practical skills.. exposing them lo thè ouldcK>fS', and helping Ihem grow in confidence. teamwoik, Character, and Servi￿ lo others. Thi5 is all done within the context of the Catholic faith, with a priest attending our meetings once a nK)nlh lo ￿lebrate Ma&5 and guide the children through calechesis and prayer in applied settings in the ¢JJldoors. 6. Rainbow Youth & Comrnunity Trust, North Wesl £5.000 Rainbow Youlh & Community Trust - providing safe hath?ur and a support for young people living wilh neurodivergent issues. We Icx)k lo help yourNJ people up to 24years who live with neuri)divergenl issues, by helping and suprK)rtiro them on Iheir own term5, so we can bltild on their confidence and gel them back into educab.on or interacting with their community in a positive way. Our Main promsion is a safe space thatwe operate every week for young people lo drop in. thi5 is where we encourage peer lo peer supporL and confidence building, in addition we njn a number of prc4Jrams that look lo educate and benefit the young people that use the semce aThd beyond. wograms such as our-Pride A Side- Pfojecl. An annual program. we took to create 2 5 aside fcM)tball team made up of neurodivergent and LGBTQl+ yourKJ people. this program helps lo promote a health and balanced lifest￿8. improves health arml wellbeing and educales the young people with skills they will need later in lile. such as leadership, tactics I strategy. teamwork & logethemess. In almost every element of thesr INes, these your*J peoplè sea the worst humanity has lo offer. they are bL&Mied at school for being dIffe￿nt. whether that is because they have scars from self-harming. they have anxiety. panic attacks or because they are gay or trans. They come from a home Ihal is in m05t cases deprived and is itself home to alcohol or drug 8b¥Jse. a home that does [￿t accept them, understsnd Ihem or support them, a home Ihat in most cases is abusive and neglectful. Being a young member of the LGBTQl+ community is not automa1]"cal￿ a risk factor for poor mentsl health however evidence show5 us that LGBTQI+ young people are more susceptible to mental health problems, including depress￿ and anxiety. self-hami, and suicidal thoughts. A 2021 mental health in sctw)ols report found that 5270 of LGBTQl+ children reported self- haming 8 44% rerx)rted suicidal thoughts. neady hall of children and young people who idenlfy as LGBTQI+ are more likely to experience hate C￿Me5 or act of violence compared to heterosexual people. Al of this ￿adS these young peoplè lo feel isolated and on the outside of friendship groups at school or extemal clubs. They struggle with finding friendships where they feel accepted and cornfortable. These are the most vulnerable young people in our society, by continually engaging th8 ywng people through the The RYC Twsl we look to develop and build them in lo productive integral contiibutors ofourcommunity. The money we ask from CPTwould hèlp to continue this project for another year. Keeping these young people of the streets. away from danger and giving them the opportunity for a better future. We a￿ expeciing in Ihe next 12 months to reach 250 young people directly through the ￿ntre. Page 12 CHARLES PLATER TRUST (A Company Limited by Guarantee) TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 7. Sl Monica's Housing Ltd, Yorkshire and the Humber £5.OCN) Wellbeing Activities forfemale asylum seeke St Mon1￿,5 ofters st￿rt-StaY accommc%falion for female as￿vrn seekers with no recourse lo wblic fiJrHls. We work closely with Leeds Roman Catholic Diocese and the refertal agent for asylum Seeke￿ in Leeds. PAFRAS. By providing shelter and a safe ond welcoming environmenL we improve the live5 of vulnerable asylum seekers. Inlemational humanitar¢an and health uises have exacerbated the complexty and scale of demand for support of thase seeking a5￿￿M w¢thoui recourse lo public funds. St MonKa's makes a wsitNe differen￿ to the lives of these vulnernble people" working th experts such as PAFRAS and Catholic Care. A grant from Plater Trust would help us deliver a hwJh Qu￿lty Service hospitalty to the female asylum seekets. makn'ng them feel welcome. providing safe and Se￿re shelter. bringlng them together with the local communrty and parishes to hdp provide addil*onal support and friendship. SpecffiL>Ity, we woukl use a small grant to enable the women lo join the leisure centre and have swimming lessons by paying for the costs and by providing swlnwear and equipment as needed. Up to 20 beneficiaries for one year based on each aS￿uM seeker resldenl stsying for around 6 monlhs. £S.000 Support the cosls of emploJ7ng 2 PT staff members lo cwdinate the WO￿ of The Diocesan J&P refugee proj¢ Provisicm of a warm welcoming space. vouthers for de$tiknle asylum strekers, food and other essential items. clothing and English lessons as well as wothing wth other agencies ie Law Centre, health agenues. Recyke. LA. elc to provide comfort lo asylum seekers vtho are NIRPB and those who have been given leave to 8pply for status. Sustwn the employment of a PT Projed Co-ordinator and PT Project worf(er lo work alongside volunteers and provide support in what is a challenging lime. The project strives to meet Ihe needs of people seeking asylum. offering a listening ear and a warm welcome. Food fin the form of a bag of fcK)d. fresh & tinned, and other essentials is given out to those who need Ft. A supemiarket voucher is also given to people who experience deslttulion. The Project volunteers also offer English classes. The project S￿￿pOstS people to Ott￿[ agencies and works in partnership with others. The project has fory8d links 7Mlh schoL4s in the Diocese and tdks have been glven and schoofs corstribute fiyxj to the projecL The Work of the project continues to be rooted in the teachings of the gospel and Catholic So(aal Teaching. Volunteers and staff members have been also involved in ￿nferenCeS and other forums to edl￿te a wider audienee on the tssues that people seeking asylum face atxl how Catholic Social Teaching requirès that we show solidartty wth people in need. We currently have 531 regislered dients. and allhough some of Ihese may receive leave to remain in the next year and 11 no k)nger be abte to access our fo¢yJ bags. there are currently on average 40 new registrations each mijnth. we do not expect the overall number lo decrease, but it may well increase. The Project is ¢Jpen to A8￿uM seeketslclients 2 days per week for 2.5 hrs per day. £5.CrtJO The Wildemess Prtyam March 24 Phoenix (tharity no. 11955661 is a charity that offers practical and finaneial support to indNiduals who are struggling wth drug andlor alcohd addicti￿. The charity aims to provide life-sawng intervention to individuals ¥tho have fallen through the gap$ and are al risk of ending up in prison. mental health instiluknns. or even death. Phoenix is equipped lo provlde effective support lo others stnjggling with addictton. Afjdiction affects every area of an indiwdual's life., we ensure our beneficiaries receive the right support for each area as Ihey rebuild Ihelr lives. For marginalised individu81 in recovery from addtction. The morw raisgd through this campaign wil contribut& to the Wildemess Prcgram. The Wildemess Program is a therapeubc 12-slep based 5-day retreat based in Wales UK. The prcgram ts for individuals Mth addiction disorders and is scheduled lo take place during March 2024. The Wildemess Program combines outd￿1 actiwties such as vthite-water rafting and abseiling wtth therapeutic 12-51ep based workshops. process groups, and ￿dItatiOn. Aftercare The Aftercare Wildemess Program is a 6-month thera￿U￿t 12•Step based program consisting of one-to-one therapy sessions, as well as group therapy sessions for beneficiaries. Eight IndNMlual beneficiaries .' This number gNes the therapists gocd time each Candidate and this time is literally lffesaving inteNenti¢M. 8. Diocese of Hexham & Newcastle Justice & Peace Refugee ProjecL North East 9. Phoenlx. East of England Page 13 CHARLES PLATER TRUST (A Company Lirnited by Guaranteel TRUSTEES. REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2024 10. The Parish Church of Sl Paul New Soulhgale (Church of England}, Lor￿On £5.000 St Paul's Church Foodbank We run a local ecumenical foodbank project which serves our neighbourt)ood. We partner closely syilh th k)c81 primary schods and serve anyone who presents themselve5 at our d￿ts. We are inwling CPT to fund our foodbank service which airns to support local families regardless of their benefft. housing and immigration stslus. The f¢y)dbank is an ectsmenicd collaboration between the local Roman Catholic parish chU￿h. Churth of England church and URCIBaplist thurch, and has strong links with two local primary schools. Our opening hours aim lo catch parents before or after the sehool pick up time. The grant will provide essential stock purchasing. enhancing the weekty donatKJns collected from the local ¢hurches and ￿40 local shops. The rèality is, local families are slnjggling and these collecbons provide less than a third of our user's r￿eds. Wilh sulfiaenl lunding, we hoF* lo increase the pastoral care service we offer, especially during winter months. providing hot drinks and company, especially for those socially tsolated dl￿ lo recent migration into the area. 106 family beneficiaries over the year. TOTAL £45.646 The usual business of monitoring and suppotting the existing recipients of prevM)us grants, also continued throughoul the year. We made historic grant payments to previous successfijl applicants of £191,008 in this period. Flnanclal revlew Resetves Policy Chades Plater Trust's operational policy is to ensure that it has adequate financial reserves to meet its continuing charitable obligations and day-tO•day working requirements, as well as to meet future commitments. All funds are treated as unrestricted. On 31 March 2024, funds were £7,925,187 including investments of £ 7.749.930 leaving £175.257 of net current assets, available to fund working requirements. Golng Concern The Trustees rnonitor the investments and finanaal returns at each of their thrice-yearly meetings and consequently have a raasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further detsils regarding the adoption ofthe going con¢ern basis can be found in the Accounb'ng Policies. Trustees. Responslbllltles Statement The Trustees are responsible for preparing the Trustees. Report and the finanaal statements In accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Arxounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each )Inancial year which give a true and fair view of the state of affairs of the Trust and of the incoming resources and application of resources of the Trust for that period. In preparing these finanaal statements, the Trustees are required to.. select suitable accounting policies and then apply them consislently. observe the methods 2nd principles in the Charities SORP. make judgments and accounting ests'mates that are reasonable and prudent. prepare the financial statemenls on the going concern basis unless it is inappropriate to presume that the Trust wlll continue in operation. Page 14 CHARLES PLATER TRUST (A C¢Jmpany Limited by Guarantee) TRUSTEES. REPORT (continued FOR THE YEAR ENDED 31 MARCH 2024 The Trnslees are responsible for keeping proper aCc￿n11n9 records that are Suff￿rentl0 showand explain Ihe Trusl's transactions and Oisclose with reasonable accuracy at any time the financial po$ltion of the Trust and enable them lo ensure that the financial statements Gomply with the Charities knt 2011, the Charity (Accounts and Reports} Regulations 2008 and the provfsions of the Trust Deed. They are also responsible forsafeguaiding the assets of the Trust and hence for taking reasonable steps for the preventKin and detectK>n ol fraud Bnd other irregularit¢es. Tlis report was approved by the Trustees on 04 Dec 2024, and siqned on their behaff by: Bishop Rlchard Moth Chair of the Charles Plater Trust Page 15 CHARLES PLATER TRUST INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent examinerfs report to the Trustees of Charles Plater Trust {'the Trust.) I report to the charity Trustees my examination of the accounts of the Twst for the year ended 31 March 2024. Responsibilitles and basls of report As the Trustees of the Trust you are reSp￿sible for Ihe preparati￿ of the accounts in arxordance with the requirements of the Charities Act 2011 ('the 2011 Acr). I report in respect of my examinatson of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b} of the 2011 Act. Independent examlnevs statement Your attention is drawn to the fact that the Tfust has prepared the accounts in accordance with Accounting ar Reporting by Charities.. Statement of Recommended practi￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) in preference lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in 8ccordance with the Generally Accepted Accounting Practice effective for reporting perb)ds beginning on or after 1 January 2015. I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giwng me cause to believe that in any material respectr. accounting reGords were not kept in respect of the Trust as required by section 130 of the 2011 Act; or the accoLrnts do not accord wtth those records., or the account5 do not comply with the applicable requirements con￿mIng the fomi and content of accounts set out in Ihe Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection wtth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Thi5 report is made solely to the Trusfs Trustees. as a body, in accofdance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Twsvs Trustees those matters l am required to stste to them in an Independent examinerfs report and for no other purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other ihan the Trust and the Trust's Trustees as a bcrtly. for my Y￿rk or for this ￿pOrt. Signed: B K Silva ACA MHA. Building 4, Foundation Park. Roxborough Way. Maidenhead. SL6 3UD MHA is the trading name of macIn￿ Hudson LLP. a limited liabitity p*thetship in England arKI Wales (registered number OC312313). Page 16 CHARLES PLATER TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Note Income from: Donalions and legacies Investments 7.651 193,603 147,928 147.928 Total Income 147.928 147.928 201.254 Expendrture on: Raising funds Charitable activities 18.966 512.465 18,966 511465 32, 751 331,655 Total expendlture 531,431 S31.431 364.406 Net expenditure before net gainsl(losses) on investments Net gainsl(losses) on inveslments {383,503) 380.734 (383,503) 380,734 (163, 152) (536, 750) Net movement In funds (2,769} 12,769) (699,902) Reconclllatlon of funds: Total funds brought forward Net movemenl in funds 7.927.956 {2,769) 7,927.956 {2,769) 8,627,858 (699.902) Total funds carrfed forward 7,925.187 7,925.187 7.927.956 The Statement of financial activities irtludes all gains bsses recognised in the year. The notes on pages 19 to 27 fomi part of Ihese finaniial ststements. Page 17 CHARLES PLATER TRUST BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Flxed assets Investments 10 7,749,930 7,731,987 7,749,930 7.T31.987 Current assots Cash arKI cash eqirivalents 178,857 207,267 178,857 207.267 Creditor5.' amounts falling due Vdithin one year 11 {3.600) (11.298) Net current assets 175.257 195,969 Total net assets 7,925,187 7,927,956 Charity funds Unrestrided funds General funds 12 7,925,187 7,927.956 Total unrestricted funds 12 7,925,187 7.927,956 Total funds 7,925,187 7,927,956 TFE financial sfalements were approved authorised for issue by Ihe Trustees arKI s￿ned on their behalf by.. Bishop Rlchard Moth Chair of the Charles Plalef Trust Dale: 04 Dec¥nlJer 2024 The notes on pages 1910 27 form part of these fInar￿la1 statements. Page 18 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies 1.1 Basis of preparation of financial statemenls The financial staternenls have been prepared in acwrdance with the Charities SORP (FRS 1021- Accounting and ReF#)rting by Charibes: Statement of Recommended practi￿ applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Ihe Financial Reporting Standard applicabte in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view arKI have departed from the Chartties {Accounts and Reports) Regulations 2008 onty to the extent required to provide a 'true and fairf view. This deparlure has invotved following the Charities SORP {FRS 102) published in Oct¢)ber 2019 rather than the Accounting and Reportsng by Charities: Statament of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Chartes Plater Trust meets the definition of a public benefit entity under FRS 102. Assets and liabiltties are Initial￿ recognised at historical cost or transaction value unless othenvise stated in the relevant accounting policy. 1.2 Fund accounting General lunds are unrestricted funds which are available for use at the disGretion of the Trustees in furtherance of the general objectives of the Trust and which have not been designat&J for olher purposes. Investment income, gains and tosses are allocated to the appropriate fund. 1.3 Income Al income is recognised once the Trust has enttuement to the income, it is probable that the income will be received and the amount of income receivabfe can be measured reliabty. Income tax recoverable in relation to investment income is recognised at Ihe time the investment income is receivable. Page 19 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {continued) 1.4 Expenditure Expenditure is recognised once there is a legal or construclive obligation lo transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activiiy. Direct cosls attributable lo a single activity are allocated dlrectly lo that actiwty. Shared costs which contribute to more than one activity and support costs which are not attributable io a single activity are apportioned between those activities on a basis consistent wth the use of resource5. Central staff costs are allocated on the basis of time spent, arKI depreciation charges allocated on Ihe portion of the asset's use. Expenditure on raising funds indudes all expenditure incurred by the Trust to raise funds for ils charitable purwses and includes costs of all fundraising actNities events and non-charitable trading. Expenditure on charitable activities is incurred on direcdy undertaking the acttvities which further the Trust's objectives. as well as any associated support cosls. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional. such grants king recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condilions which have not been met at the year end are noted as a commitment. but not accrued as exFenditure. Atl expenditure is indusNe of irrecoverable VAT. 1.5 Golng concern The Trustees assess whether the use of going cOn￿M is appropriate, i.e. whether there are any material uncertainties related lo events or conditions that may cast significant doubl on the ability of the trust to continue as a going concem. The Trustees make this assessment in respect of a period of one year from the date of approval of the financial statements. The Trustees do not consider there to be any matenal un￿rtaInl￿eS regarding the going concem status of the Trust as detailed in page 8 of the Trustees report. 1.6 Investments Fixed asset investments are a fomi of financial Instrument and are initially recognised at their transaction cost and subsequently ffleasured al fair value at the Balance Sheet date, unless fair value cannol be measured reliably in which case it is measured al cost less impairment. Inveslmenl gains and losses, whether realised or unrealised. are combined and shown in the heading 'Gainsl(losses) on investments, in the Statement of Financial Actiwties. 1.7 Cash at bank and in hand Cash at bank and in hand indudes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisibon or opening of the deposit or similar account. Paga 20 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles (contlnued) 1.8 Llabllltles and provislons Liabilities and prowsions are recognised when there is an oblyation at the Balance Sheet date as a result of a past event. it is probable that a transfer of economic benefit will be required in setttement, and the amount of the settlement can be estimated reliably. Lhabiltties are recognised at the amount that Ihe Trust anti￿PateS it pay to setue the debt or the amount it has received as advanced pa￿ents for the g)ods or services It must provide. 1.9 Inlerest receivable Interest on funds held on deposil is induded when receivable and the amount can be measured liably by the TTUSt'. this is normally upon notification of the inlerest paid or payable by the Bank. 1.10 Financial instruments The Trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequenuy measured at their settlement value wth the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. Income from donations and legacies Unrestrfcled funds 2024 Total funds 2024 Total funds 2023 Donations 7.651 Investment income Unrestricted funds 2024 Total funds 2024 Total funds 2023 Investment income 147.928 147.928 193,603 Page 21 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Investment management costs Unrestricted funds 2024 Total funds 2024 Total funds 2023 Investment management fees 18,966 18,966 32,751 Analysis of grants Grants to Institutions Total funds 2024 2024 Grant funding 443.174 443,174 Grants to Institutions 2023 Total funds 2023 Grant funding 295. 163 295, 163 Each year the Trust awards grants on a rolling grants programme for the following designated themes: Laity Leadership Proposals for grant aid should be aimed at deepening the avmreness of Catholic Social Teaching and Thought to better equip people to lake on leadership roles in tackliTrJ poverty, exclusion, economic inequality. or environTnental concems. Social Action Grants for this theme need to demonstrate how the applicant's project will deliver tangible outcomes lo tackle poverty. exdusion, economic inequalty or environmental concems through education or training activities. Applied Research Grant5 will be awarded to projects which seek to develop and apply Catholic Social Teaching and Thought, in partnership with those who are working in and delivering sockal action work. with a view lo ultimately improving practice and public policy. Page 22 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Malerial grant5 paid to institutions in the year were as follows: 2024 2023 Depaul UK The Baytree Centre West London Mission Transforming LNes for Good Provision House Soundabout Street Teams Destitution Project Advtce for Renters cl￿Se Mentoring Dic￿eSe of Hexham & Newcastle (2023: DI0￿Se of Hallam) The Drop in Bereavement Centre Sandwell Youth St Vincent de Paul Society Historic grant commitments Grants under £5,WO each Green Hub Project for Teens Phoenix 25.000 24,000 2,000 18,499 20,000 23,995 25,OQO 18,726 24,000 25,000 30,000 18,000 23,124 20,000 29,994 25.000 24, 164 30,000 25,000 5,000 5.01)0 5.000 5,000 19,948 4,933 5.000 9,788 10,646 5,000 5,000 5,000 5,000 5,000 5,000 24.500 25.000 25.000 25,000 20,595 20,000 26,447 14,978 24.999 Rainbow Youth and Communty Trust St Monica's Housing Lld Parish Church of St Paul. New SI￿rthgate AR YPT Jer￿h0 Foundation Tempus Novo Providence Row Notre Oame Refugee Centre PACT The CLD Trust The Haven Triangular CIO Women's Health Matters 443,173 295, 163 Page 23 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities Grant funding of activities Support costs Total funds 2024 2024 2024 Grant funding 443,174 69,291 512,465 Grant fvnding ol aclivrfies 2023 Support costs Total funds 2023 2023 Grant furKling 295. 163 36.492 331,655 Analysis of support costs Total funds 2024 rotal fvnds 2023 Trust managerf5 fees Consultancy and other professional fees Meeting expenses Awards ceremony Miscellaneous expenses Govemance costs Website costs 40,644 10,500 2,136 6,479 368 4,800 4.364 29,060 2.320 1.322 3. 790 69.291 36,492 Page 24 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Independènt examinerfs l auditors romuneration 2024 2023 Fees payable to the Trusys independent examiner for the independent examination of the Trust's annual accounts 2.100 2.400 Fees payable to the Trusfs independent examiner in respect of: Accouniancy services 1,500 1.500 Trustees. remuneration and expenses During the year, no TTUStees received any remuneration or other benefits (2023- £NIL). During the year ended 31 March 2024 Trustees expenses were paid of £201 (2023- £NIL). Slaff costs The Trust had no emrAoyees duriro the year (2023." £NILI. 10. Fixed asset Investments Fixed asset Investments Cost orvaluation At 1 April 2023 Additions 7,731,987 3,092,560 (3,455,351) 380,734 Disposals Revaluations At 31 March 2024 7,749,930 Pa9e 25 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11. Creditors: Amounts falling due within one year 2024 2023 Accruals and defe￿ed income 3,600 11,298 12. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balance at 1 April 2023 Gainsl (Losses) Income Expenditure Unrestricted funds General Funds 7,927,956 147,928 (531.431) 380,734 7,925,187 Statement of funds - Prior year Balance al 31 March 2023 Balanco al 1 Apnl 2022 Gains/ (Losses) Income Expenditure Unrestricted funds General Funds 8.627.858 201.254 (364,406) (536. 750) 7.927.956 13. Analysls of net assets between funds Analysis of net assets belween funds - current period Unrestricted funds 2024 Total funds 2024 Fixed asset investments Current assets Creditors due within Me year 7,749.930 178,857 (3,600) 7,749,930 178,857 (3,600) Total 7,925,187 7,925,187 Page 26 CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 13. Analysis of net assets between funds (¢ontinued) Analysis of net assets belween funds - prior perlod Unrestricted funds 2023 Total fijnds 2023 Fixed asset investrnents Current assets Creditors due wthin one Jpar 7.731.987 207.267 (11,298) 280,018 7,731,987 207.267 (11.298) 280,018 Total 8,207,974 8,207,974 14. Grant ¢ommltments £227,976 rdating to grants awarded prior to 31 March 2024 {2023: £208,677) is payable on condition of satisfactory progress of the projects supported. 15. Related party transactlons There were no Trustee other related party transactions during the current or prior year. Page 27