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← Charles Plater Trust

2025-03-31-accounts

Charles Plater Trust

REPORT AND FINANCIAL STATEMENTS REGISTERED CHARITY NUMBER: 309719

FOR THE YEAR ENDED 31st MARCH 2025

CHARLES PLATER TRUST CONTENTS

Page
Trustees' Annual Report 1 - 9
Independent Examiner's Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the Financial Statements 13 - 18

CHARLES PLATER TRUST TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

Reference and administrative information

Trustees Bishop Richard Moth (Chair) Bishop Richard Moth (Chair)
Bishop Paul McAleenan
Michael Walsh
Andrew Haines
Oliver Smith
Brian Mooney
Laura Maydew-Gale
Matthew Wall
Bishop Peter Collins
Philippa Gitlin
Patricia Fernandes Resigned on 8 August 2024
Charity registered number 309719
Registered office 39 Eccleston Square
London
SW1V 1BX
Independent Examiner Moore Kingston Smith LLP
9 Appold Street
London
EC2A 2AP
Investment Managers Netwealth Investments Limited
Two Fitzroy Place
8 Mortimer Street
London
W1T 3JJ
Solicitor Fieldfisher LLP
Riverbank House
2 Swan Lane
London
EC4R 3TT
Banker National Westminster Bank plc
Clapham Junction branch
66-68 St John's Road
London
SW11 1PZ

Page: 1

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

The Trustees present their annual report together with the financial statements of Charles Plater Trust (the Trust) for the year ended 31 March 2025. 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 Practice (SORP) FRS102 “Accounting and Reporting 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 pay or apply it in such a manner to, or for the 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 Clause 5]

The Trustees confirm that they have referred to the guidance provided by the Charity Commission on public benefit when reviewing the Trust's aims and objectives, in planning future activities and setting the grant making policy for the year.

Each year the Trust seeks to fulfil its charitable objectives by disbursing funds 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:

The Trust 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 form available on the Charles Plater Trust website. These are initially assessed, against five published criteria, by an independent grant assessor and later by the Trust’s Grant-Making Committee (GMC). The GMC ultimately 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 to be assessed, publicised, and used to promote good practice in charitable work.

Page: 2

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

Trustees

In this operating year, The Trust was continued to be led by Bishop Richard Moth who chaired board meetings for this period. The was one change to the trusteeship in this period, as Patricia Fernandes resigned from the board due to other commitments. The Trustees shown in the reference and administrative details of the Trust were in office at 31 March 2025. Except where shown, they served throughout the period covered by this report.

No trustees received any financial remuneration from the charity during this period.

Risk Management

The Trust has assessed major risks faced by the charity and sought to establish systems and procedures to mitigate 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 full copy of its Risk Assessment is available on request from the Trust Manager.

Potential Conflicts of Interest

Where the potential to give rise to an actual or perceived personal conflict of interest was identified, the chairs of the Grant Making Committee, Finance Committee or Board, as appropriate, fairly and effectively determined what, if any action was required. The Board has continued to identify and follow best practice in this and other areas of good governance, in part through its membership of the Association of Charitable Foundations.

Agreements with Grant Recipients

The Trust obtains signed agreements with all recipients prior to paying the first grant instalment. These agreements govern the relationship between their organisations and the Trust and are signed by officers of the organisations.

In the case of large grants, the agreements commit the recipients to report on the project's progress at its mid-term point and to submit a full report, including outcomes, at the conclusion of the project. The grant is paid in stages; 50% on receipt of the signed agreement, 40% on receipt of a satisfactory progress report (normally at the half-way stage) with the final 10% payable on receipt of the final report. The agreement with recipients is reviewed regularly to ensure that the Trust’s requirements are clear.

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 to £5,000 per charity and paid in one 100% 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 year-long delivery process. They also are invited to verbally report on their progress at the annual awards ceremony.

Monitoring of Grant Funded Projects

The Trust has adopted a formal procedure for monitoring recipients of grants. 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 stated and approved aims of the projects. For small grant award holders, a simplified process takes places 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 Making 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 ‘learning conversations’ involving members of the Grant Making Committee alongside the Trust manager have also been continued practice for small grant award holders to assist wider and deeper learning on outcomes delivered by the modest funding offered by the Trust.

Page: 3

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

Activities

Finance

In the course of the year the Finance Committee undertook the following activities the proposals from which were all discussed, amended and agreed by the Board of Trustees: -

· An operating budget for 2024/25 was devised and monitored throughout the year

· An annual financial 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 meeting 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 Association of Charitable Foundations.

Grant Awards 2024/25

1.2 Profile of the 2024 large grant applicants

Page: 4

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

To help cope with the volume of applications, for the second time, the CPT bought in additional grant assessment support from an experienced grant assessor consultant, whose task it was to quantitatively score all applications against the published CPT criteria. Working closely with the Trust manager, the grant assessor was able to produce an initial longlist of 44 of the strongest applications for the GMC to further assess at stage two of the assessment process.

Following an extensive grant stage two grant process by the Grant Making Committee (GMC), ultimately the GMC recommended 12 large grant applicants for funding in the 2024 round. This amounts to a combined ask of £383,221 and represented the largest number of grants ever awarded in the history of the large grants round.

These recommendations were discussed and approved the board meeting on 29th May 2024. At the annual awards ceremony held at St Mary’s College, Oscott on 19[th] June 2024 and also attended by Archbishop Bernard Longley, the following new partnerships with twelve new large grant award holders were publicly announced:

2024/25 Large Grant Awards (agreed by Board on 29[th] May 2024):

1. Hope at Home (Midlands) | £32,684 over two years.

Growing Hope at Home’s UK-wide volunteer hosting scheme to ensure survivors of modern slavery can access safe accommodation and avoid the risk of becoming homeless.

www.hopeathome.org.uk

2. Housing Matters (Bristol) | £30,000 over two years.

Working upstream: tackling poverty and exclusion for marginalised people and communities through advice outreach in Bristol’s most deprived wards.

www.housingmatters.org.uk/

3. Her Centre (London) | £41,224 over two years.

Holding hands project – Supporting women with complex needs to leave abuse and build the support networks to be able to sustain themselves independently from their former partner. www.hercentre.org

4. Imperial College of Science, Technology and Medicine (London) | £29,988 over two years.

SHARP: A simulation-based Holistic Approach for Reducing and Preventing Knife Violence in young people. www.imperial.ac.uk

5. Just Love (Nationwide) | £15,000 over 15 months.

To take 140 student leaders through a transformational training syllabus that has a track record of forming the foundations of a healthy, holistic, life-long pursuit of social justice. www.justloveuk.com/

6. Lifecentre (West Sussex) | £21,786 over one year.

Hope & Resilience - the launch of a new psychoeducational project to support survivors of rape and sexual abuse who are struggling with their mental health.

www.lifecentre.uk.com/

7. Manchester Mind (North West) | £38,721 over two years.

Developing volunteers to support the delivery of their welfare benefits, debt, and housing advice service. www.manchestermind.org

Page: 5

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

8. Severn Angels Housing & Support (West Midlands) | £40,000 over two years. Supporting and Empowerment Services for Homeless BAME Women. www.severnangelshousingandsupport.co.uk/

9. Sixty-One (Bristol) | £29,063 over two years.

Enabling ex-prisoners to live crime free lives and to be better able to engage with, and contribute to, society. - www.sixty one.org/

10. Team Domenica (Sussex) | £41,812 over two years.

A specialist training mentor to support young people with learning disabilities to develop the skills, confidence, and independence to progress into meaningful employment.

www.teamdomenica.com/

11. Women’s Aid in Luton | £40,443 over two years.

To deliver a specialist education and recovery programme for 240 vulnerable women who are survivors of domestic abuse.

www.womensaidluton.org

12. The Centre for Theology and Community (East London) | £22,500 over 18 months.

From Mercy to Justice: Meeting needs and developing agency among migrants and refugees in a shrine parish in east London. - www.theology centre.org

Small grants programme 2024/25

For a fourth year, targeting funding support at small charities was maintained by the Trust through a dedicated small grants round in Autumn 2024.

In 2021, the CPT established a small charity grants programme, providing grants of up to £5,000 to small charities (with a turnover of less than £100,000[1] ) to help them better cope with the demands and challenges coming out of the pandemic.

After a competitive bidding process managed by the Grant Making Committee, by close of deadline on 10[th] October 2024, the GMC received forty-nine submitted small grant applications for our 2024 small grants programme. This was almost double the total number of 2023 small grant applications - up from twenty-five applications in the 2023 year.

These applications represented a satisfactory range of differences:

1 The definition of what constitutes a ‘small charity’ here is taken from the widely accepted classifications derived from NCVO UK Civil Society Almanac: (https://data.ncvo.org.uk) which defines a small charity as one with income £10,000 - £100,000 and a ‘micro’ charity as one with an income below £10,000.

Page: 6

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

Following a board meeting on 4[th] December 2024, Trustees awarded eleven small charities with small grants from the Plater Trust as follows:

1. St Mary’s University, London | £2,000

Rerum Novarum & Contemporary Issues Relating to the World of Work

CPT’s Grant will produce and disseminate conference research papers on the dignity of work after the recent anniversary of the Catholic Social Teaching encyclical ‘Rerum Novarum’ (Pope Leo XIII, 1891).

2. The Mizen Foundation, London & South East | £5,000

Talks for Change

Honouring the legacy of 16-year-old Jimmy Mizen, who was murdered in an unprovoked attack, CPT’s grant will help expand the crucial work of reaching young people and communities through inspiring talks to explore the consequences of anger, and understand how forgiveness can create stronger safer communities.

3. Our Lady & St Helen SVP, Southend | £5,000

The Pioneer’s Programme - Rebuilding Lives Together

Grant funding from CPT will help roll out the Pioneer’s Programme which trains people with lived experiences of addiction, recovery and homelessness to offer a mutual-support programme for addiction recovery, based on cognitive-behavioural principles.

4. Urban Promise UK, London | £5,000

Urban Promise Student Leaders

CPT’s grant will provide mentoring, training, and work placements for young people in Barking and Dagenham in London so they can break through barriers to opportunity and success.

5. Endure Mentoring, London | £5,000

Future Foundations - Youth Skills Building Initiative

CPT’s grant will equip young people with hands-on, practical accredited qualifications in construction, boosting confidence and creating pathways to sustainable employment while transforming a charity café into a valuable community resource.

6. Kids Festival, London | £5,000

Our Healthy Community Food Project

CPT funding will support a targeted project for low income, vulnerable families who live in food poverty and are struggling to meet children’s essential needs in Greenwich, London.

7. TLC Foundation, Warwickshire | £3,480

Parental Transitional Support Group

Our grant will help provide holistic support & advocacy for the family unit that surrounds children & young people with severe & complex learning difficulties, by providing fun & inclusive activities that empower disabled children to achieve their full potential & reduce family isolation.

Page: 7

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

8. St Germain’s Wellbeing, Birmingham | £5,000

One-to-One Guided Self-Help Sessions

Our grant will enable St Germain’s Wellbeing to offer free emotional support to adults experiencing mental health challenges, empowering them to navigate daily life with resilience.

9. Welcome Group, Halesowen Birmingham | £5,000

Welcome Group Halesowen Supporting Refugees & Asylum Seekers

The CPT grant will fund a Drop-in Centre and support group at Lifecentral Church for refugees and asylum seekers providing practical help like baby supplies and essential household items.

10. Dovetail Orchestra, Bristol | £5,000

Celebrating Cultural Diversity by Encouraging Migrants to Share their own Musical Traditions

Grant funding from CPT will support this innovative and welcoming educational community project which supports refugees and asylum-seekers from all faiths and backgrounds to engage with the local community and work together to create and perform new versions of world music.

11. Through Unity, London | £5,000

Family Days & Family Support for Families Bereaved through Homicide

A CPT grant for families and individuals affected by homicide who come together to provide mutual support and comfort as they journey through grief and trauma together.

Trustees also held an away day in 17th October 2024 to further refine strategic goals for the charity and the usual routine business of monitoring and supporting the existing recipients of previous grants, also continued throughout the year.

Financial review

Reserves Policy

Charles 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 2025, funds were £7,718,850 including investments of £ 7,638, 511 leaving £80,339 of net current assets, available to fund working requirements.

Going Concern

The Trustees monitor the investments and financial returns at each of their thrice-yearly meetings and consequently have a reasonable 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 concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

Page: 8

CHARLES PLATER TRUST (A Company Limited by Guarantee)

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31st MARCH 2025

Trustees' Responsibilities Statement

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial 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 financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Trust's transactions and disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on 15[th] January 2026, and signed on their behalf by:

Bishop Richard Moth

Chair of the Charles Plater Trust

Page: 9

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES' OF THE CHARLES PLATER TRUST

I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31st March 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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.

Adam Fullerton (FCA DChA) For and on behalf of Moore Kingston Smith LLP Chartered Accountants

6th Floor 9 Appold Street London EC2A 9AP

Date: 15[th] January 2026

Page: 10

CHARLES PLATER TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025

Notes
INCOME AND ENDOWMENTS FROM:
Donations
2
Investments
3
TOTAL INCOME
EXPENDITURE ON:
Raising funds
4
Charitable activities
5
TOTAL EXPENDITURE
NET EXPENDITURE BEFORE GAINS/(LOSSES)
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward as at 1st April
BALANCES CARRIED FORWARD AS AT 31st MARCH		 Unrestricted Funds
Total
Funds
Total
Funds
2025
£
2024
£
-
-
147,216
147,928
147,216
147,928
27,127
18,966
526,535
512,465
553,662
531,431
(406,446)
(383,503)
200,109
380,734
(206,337)
(2,769)
7,925,187
7,927,956
7,718,850
7,925,187		 Unrestricted Funds
Total
Funds
Total
Funds
2025
£
2024
£
-
-
147,216
147,928
147,216
147,928
27,127
18,966
526,535
512,465
553,662
531,431
(406,446)
(383,503)
200,109
380,734
(206,337)
(2,769)
7,925,187
7,927,956
7,718,850
7,925,187
147,928

18,966
512,465

531,431

(383,503)
380,734

(2,769)
7,927,956

7,925,187

All amounts relate to continuing activities.

Page: 11

CHARLES PLATER TRUST BALANCE SHEET AS AT 31ST MARCH 2025

Notes
FIXED ASSETS
Investments
9
CURRENT ASSETS
Cash at Bank
CURRENT LIABILITIES
Creditors - falling due within one year
10
NET CURRENT ASSETS
Total assets less current liabilities
NET ASSETS
UNRESTRICTED FUNDS
General Fund
11/12		 2025
£
7,638,511
85,139
85,139
(4,800)
80,339
7,718,850
7,718,850
7,718,850
7,718,850		 2024
£
7,749,930
178,857
178,857
(3,600)

175,257

7,925,187
7,925,187
7,925,187

7,925,187

Approved by the Trustees and authorised for issue on:

and signed on its behalf by:

15[th] January 2026 Archbishop Elect Richard Moth .............................................................................. .............................................................................. Date Trustee

Page: 12

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are laid out below.

Basis of Preparation

These financial statements have been prepared for the year to 31 March 2025.

These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of investments being measured at fair value through income and expenditure within the Statement of Financial Activities.

The financial statements have been prepared in accordance with 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 United Kingdom and Republic of Ireland (FRS 102) (Charities SORP FRS 102) and the Charities Act

The charity constitutes a public benefit entity as defined by FRS 102.

The financial statements are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

In preparing financial statements it is necessary to make certain judgements, estimates and assumptions that affect the amounts recognised in the financial statements.

In the view of the Trustees in applying the accounting policies adopted, no judgements were required that have a significant effect on the amounts recognised in the financial statements nor do any estimates or assumptions made carry a significant risk of material adjustment in the next financial year.

Assessment of going concern

The Trustees assess whether the use of going concern is appropriate, i.e., whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the trust to continue as a going concern. 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 material uncertainties regarding the going concern status of the Trust as detailed on page 8 of the Trustees report.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust and which have not been designated for other purposes.

Income

Income is recognised in the year in which receipt is probable, the charity is entitled to the resources and the amount can be measured with reasonable certainty.

Income from investments represents dividend income and interest arising from the investment portfolio and bank deposits. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page: 13

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

1 ACCOUNTING POLICIES (Continued)

Expenditure

Expenditure is included in the statement of financial activities when incurred and includes attributable VAT which cannot be recovered.

Expenditure is recognised once there is a legal or constructive obligation to 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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Trust to raise funds for its charitable purposes and includes investment manager fees.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Trust's objectives,

as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure

Governance costs comprise the costs of the charity’s organisational procedures and the necessary legal procedures for compliance with statutory requirements and are included within charitable activities.

Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of Financial Activities.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the balance sheet date.

Creditors

Creditors are recognised when there is an obligation 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 settlement, and the amount of the settlement can be estimated reliably. Creditors are recognised at the amount the charity anticipates it will pay to settle the debt.

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 subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest m

Page: 14

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

2 DONATION INCOME
Donations
3 INVESTMENT INCOME
Investment income
All investment income in 2024 was unrestricted.
3 COST OF RAISING FUNDS
Investment manager fees
All investment manager fees in 2024 were unrestricted expenditure.
4 CHARITABLE ACTIVITIES
Grant expenditure (see note 5)
Support and governance costs (see note 6)
Total		 Unrestricted
2025
£
-
Unrestricted
2025
£
147,216
Unrestricted
2025
£
27,127		 Total
2025
£
-
Total
2025
£
147,216
Total
2025
£
27,127
2025
£
445,298
81,237
526,535		 Total
2024
£
-
Total
2024
£
147,928
Total
2024
£
18,966
2024
£
443,173
69,292

512,465

5 GRANT EXPENDITURE

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 awareness of Catholic Social Teaching and Thought to better equip people to take on leadership roles in tackling poverty, exclusion, economic inequality, or environmental concerns.

Social Action

Grants for this theme 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 activities.

Applied Research

Grants 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 social action work, with a view to ultimately improving practice and public policy.

Page: 15

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

5 GRANT EXPENDITURE (continued)

Grants to institutions
The Haven
Sixty-One
Notre Dame Refugee Centre
Team Domenica
Her Centre
PACT
Tempus Novo
Women's Aid in Luton
Providence Row
The CLD Trust
Severn Angels Housing
Women's Health Matters
Jericho Foundation
Manchester Mind
Hope at Home
Housing Matters Bristol
Triangular CIO
Centre for Theology and Society
Lifecentre
Just Love
Baytree Centre
Soundabout
Kids Festival Company
SVP Our Lady
Urban Promise
St Germains Wellbeing
The Mizen Foundation
Endure Mentoring
Dovetail Orchestra
Welcome Group Halesowen
Through Unity
Destitution Project
Depaul UK
The Baytree Centre
West London Mission
Transforming Lives for Good
Provision House
Street Teams
Advice for Renters
Historic grant commitments
Green Hub Project for Teens
Phoenix
Rainbow Youth and Community Trust
St Monica's Housing Ltd
Parish Church of St Paul, New Southgate
ARYPT
Diocese of Hexham & Newcastle
Grants under £5,000 each		 2025
£
26,447
26,157
25,000
20,906
20,612
20,595
20,500
20,222
20,000
20,000
20,000
20,000
19,600
19,361
16,342
15,000
14,978
11,250
10,893
7,500
6,000
5,999
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
5,000
4,833
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
8,105
445,298		 2024
£
26,447
-
25,000
-
-
20,595
25,000
-
25,000
20,000
-
24,999
24,500
-
-
-
14,978
-
-
-
-
23,995
-
-
-
-
-
-
-
-
-
18,726
25,000
24,000
2,000
18,499
20,000
25,000
24,000
9,788
5,000
5,000
5,000
5,000
5,000
5,000
5,000
10,646

443,173

Page: 16

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

6 SUPPORT AND GOVERNANCE

Trust Manager's fees
Consultancy and other professional fees
Meeting expenses
Awards ceremony
Miscellaneous expenses
Website costs
Independent Grant Assessment Support
Trust Manager's expenses
Domain Licence
Small Grants Independent Evaluation
NCVO subscription
ACF subscription
Trustees' Expenses
Conference/Training
Trust Manager's sessional assistance - events/admin
Zurich Insurance
Governance costs
Independent examiner fees- examination of the Trust's annual accounts- current year
Independent examiner fees- examination of the Trust's annual accounts- prior year under accrual
Independent examiner fees- accountancy
Other		 2025
£
55,532
-
786
6,375
-
2,723
3,755
791
14
3,436
201
1,348
186
55
388
187
3,600
660
1,200
-
81,237		 2024
£
40,644
10,500
2,136
6,479
369
4,364
-
-
-
-
-
-
-
-
-
-
2,100
-
1,500
1,200
69,292

7 STAFF COSTS

The charity had no employees during the current or prior year and consequently no staff earned more than £60,000 in either year.

8 TAXATION

The Trust is a registered charity and therefore is not liable to income tax or corporation tax on income derived from its charitable activities, as it falls within the various exemptions available to registered charities.

FIXED ASSET INVESTMENTS
Market value at 1 April
Additions
Disposals
Revaluation gain
Market value at 31 March
CREDITORS
Due within one year
Accruals		 2025
£
7,749,930
3,758,825
(4,070,353)
200,109
7,638,511
2025
£
4,800
4,800		 2024
£
7,731,987
3,092,560
(3,455,351)
380,734
7,749,930
2024
£
3,600

3,600

9 FIXED ASSET INVESTMENTS

10 CREDITORS

Page: 17

CHARLES PLATER TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

11 MOVEMENT IN FUNDS
Opening unrestricted funds at 1 April
Income
Expenditure
Gains/(losses)
Closing unrestricted funds at 31 March
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Current year:
Fixed Assets
Investments
Current Assets
Cash & Bank
Creditors due within one year
Total
Prior year:
Fixed Assets
Investments
Current Assets
Cash & Bank
Creditors due within one year
Total		 2025
Unrestricted
£
7,925,187
147,216
(553,662)
200,109
7,718,850
Unrestricted
Funds
2025
£
7,638,511
85,139
(4,800)
7,718,850
Unrestricted
Funds
2024
£
7,749,930
178,857
(3,600)
7,925,187		 2024
Unrestricted
£
7,927,956
147,928
(531,431)

380,734
7,925,187
Total Funds
2025
£
7,638,511
85,139
(4,800)
7,718,850
Total Funds
2024
£
7,749,930
178,857
(3,600)
7,925,187

13 GRANT COMMITMENTS

£199,886 relating to grants awarded prior to 31 March 2025 (2024: £227,976) is payable on condition of satisfactory progress of the projects supported.

14 RELATED PARTY TRANSACTIONS

There were no Trustee nor other related party transactions during the current or prior year.

Page: 18