REGISTERED CHARITY NUMBER: SC032927
Report of the Trustees and
AuditedFinancial Statements for the Year Ended 5 April 2025
for The Plum Trust
McLay McAlister & McGibbon LLP Chartered Accountants and Statutory Auditors 145 St Vincent Street Glasgow G2 5JF
The Plum Trust
Contents of the Financial Statements for the Year Ended 5 April 2025
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,
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Report ofthe Trustees Report of the Independent Auditors Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
Detailed Statement of Financial Activities
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: ACHIEVEMENTS AND PERFORMANCE
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The Plum Trust
Report of the Trustees_ for the Year Ended 5 April 2025
The trustees present their report with the financial statements of the charity for the year ended 5 April 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims The principal objects of the charity are the relief of poverty, the advancement of education, and for any other purpose beneficial to the community which, in law, is charitable. Trustees may also hold, pay and apply the Trust Estate, both capital and income, for the foregoing purposes or any one or more of such purposes in such way and manner and in such amounts and at such a limit or times as they may think fit. The trustees objectives continue to be the dispensing of the available resources, principally from the Unrestricted Income Fund, in terms ofthe trust deed.
Donation making policy The trustees apply the funds of the charity at their discretion and in accordance with the Trust Purposes established under the Trust Deed.
In awarding donations, the Trustees will apply the following principles:
The Trustees will consider any request from any geographical area within the UK/Overseas and fiom organisations and individuals alike.
The Trustees will carry out sufficient due diligence to ensure that the request meets the Trust Purposes.
The decisions of the Trustees on whether to award a donation is final.
The Trustees are not obliged to provide an explanation to applicants in the event that their application is not successful.
Plans for the future The Trustees plan to follow a policy of making donations to those organisations and individuals they feel require most support and whose purpose fall within the spectrum of the Trust Deed.
Charitable activities The Trustees have continued to support a wide range of charitable causes in the year under review, donations paid totalled £245,500 (2024: £212,500).
Financial review The Unrestricted Income Fund at the beginning of the year amounted to (£20,948) to which was added receipts of £258,156 and from which was deducted payments of £254,500, including donations of £245,500, leaving a balance of (£17,292) carried forward. The Expendable Endowment Fund at the beginning of the year amounted to £8,865,753 to which legacies of £368,775 were added and from which investment losses of £591,757 and payments of £54,140 were deduced, leaving a balance of £8,588,631 carried forward.
Investment policy and objectives The Trustees have the power to invest in securities by the Charities and Trustee Investment (Scotland) Act 2005 and as set out in the Constitution. The investment policy, which is reviewed by the Trustees from time to time is aimed at maintaining the real value of the Trust funds over a period ofyears and thereby providing a reasonable level of income for charitable donations. Reserves policy
As the charity has no recurring expenditure on an annual basis the Board of Trustees consider the current level of reserves to be sufficient.
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The Plum Trust
Report of the Trustees for the Year Ended 5 April 2025
FINANCIAL REVIEW
Risks The trustees consider variability of investment returns to constitute the charity's major financial risk. This is mitigated by retaining expert investment managers and having a diversified portfolio.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
Organisational Structure:
The trust is a registered charity, number SC032927 and is constituted under a Trust Deed dated 18th March 2002.
Recruitment of New Members:
Serving trustees are appointed as required, taking into account their skills and knowledge.
Induction and Training of New Trustees: Generally trustees are familiar with the work of the charity prior to their appointment. Training is provided as required,
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number $C032927
Principal address c/o Miller Beckett & Jackson Ltd Solicitors 190 St Vincent Street Glasgow G2 5SP
Trustees
Auditors McLay McAlister & McGibbon LLP Chartered Accountants and Statutory Auditors 145 St Vincent Street Glasgow G2 S5JF Factors & legal advisers Miller Beckett & Jackson Limited Solicitors 190 St Vincent Street Glasgow G2 5SP
Investment advisers Rathbone Investment Management Limited George House 50 George Square Glasgow G2 1EH
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The Plum Trust
Reportfor the Yearof theEnded Trustees5 April 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland”.
The law applicable to charities in Scotland, the Charities and Trustee Investment (Scotland) Act 2005, Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution 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 charity and of the incoming, resources and application of resources, including the come and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy. at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the board of trustees on P23], /20.2 and signed on its behalf by:
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ReportThe Plum of Trustthe IndependentAuditors to the Trustees of |
Opinion
We have audited the financial statements of The Plum Trust (the ‘charity') for the year ended 5 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic ofIreland’.
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In our opinion the financial statements: - give a true and fair view of the state of the charity's affairs as at 5 April 2025 and of its incoming resources and application of resources, for the year then ended;
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- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ofIreland’; and
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- have been prepared in accordance with the requirements of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 8 of the Charities Accounts (Scotland) Regulations 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. Ifwe identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact, We have nothing to report in this regard.
Matters on which we are required to report by exception We have nothing to report in respect of the following matters where the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion: - the information given in the Report ofthe Trustees is inconsistent in any material respect with the financial statements; or - proper accounting records have not been kept; or - the financial statements are not in agreement with the accounting records and returns; or - we have not received all the information and explanations we require for our audit.
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Report ofthe Independent Auditors to Trusteesthe of The Plum Trust
Responsibilities of trustees As explained more fully in the Statement of Trustees’ Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concem, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:
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the nature of the trust's control environment and performance;
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results of our enquiries ofthe trustees about their own identification and assessment of the risks and irregularities;
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any matters we identified having reviewed the trust's internal controls established to mitigate risks of fraud or non- compliance with laws and regulations; - the matters discussed among the audit engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.
We obtained an understanding of the legal and regulatory framework that the trust operates in. The key laws and regulations we considered included the Charities and Trustee investment (Scotland) Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. In addition we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which may be fundamental to the trust's ability to operate. Auditing standards limit the required audit procedures to identify non - compliance with these laws and regulations to enquiry of the trustees, inspection of regulatory and legal correspondence, if any, and review of minutes of meetings. These limited procedures did not identify actual or suspected non-compliance.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fic.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
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ReportThe of the Independent Auditorsto the Trustees of Plum Trust
Use of our report This report is made solely to the charity's trustees, as a body, in accordance with Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
McLay McAlister & McGibbon LLP Chartered Accountants and Statutory Auditors 145 St Vincent Street Glasgow G2 5IF Date: on BW 2G.
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The Plum Trust
Statement ofFinancial Activities for the Year Ended 5 April 2025
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|5.4.25|5.4.24|
|Unrestricted|
|Expendable|Unrestricted|
|Endowment|Income|Total|Total|
|Fund|Fund|funds|funds|
|Notes|£|£|£|£|
|INCOME AND ENDOWMENTS FROM|
|Donations and|legacies|2|368,775|-|368,775|-|
|Investment income|3|-|258,156|258,156|248,027|
|Total|368,775|258,156|626,931|248,027|
|EXPENDITURE|ON|
|Raising funds|4|42,428|-|42,428|41,590|
|Charitable|activities|5|
|Grants paid|-|245,500|245,500|212,500|
|Support costs|11,712|9,000|20,712|18,516|
|Total|54,140|254,500|308,640|272,606|
|Net gains/(losses) on investments|(591,757)|-|(591,757)|303,022|
|NET INCOME/EXPENDITURE)|(277,122)|3,656|(273,466)|278,443|
|RECONCILIATION OF FUNDS|
|Total funds|brought forward|8,865,753|(20,948)|8,844,805|8,566,362|
|TOTAL FUNDS CARRIED FORWARD|8,588,631|(17,292)|8,571,339|8,844,805|
|nanan|————|———————|——————-|
|CONTINUING OPERATIONS|
|All income|and expenditure has|arisen from continuing activities.|
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The notes form part of these financial statements
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The Plum Tyust , Balance Sheet 5 April 2025
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|---|---|---|---|---|---|---|
|5.4.25|5.4.24|
|Unrestricted|
|Expendable|Unrestricted|
|Endowment|Income|Total|Total|
|Notes|Fund|Fund|furids|funds|
|FIXED|ASSETS|£|£|£|£|
|Investments|10|8,505,468|-|8,505,468|8,713,940|
|CURRENT ASSETS|
|Cash in hand|105,092|(8,292)|96,800|159,940|
|CREDITORS|
|Amounts falling due within one year|11|(21,929)|(9,000)|(30,929)|(29,075)|
|NET CURRENT ASSETS/(LIABILITIES)|_|[83,163]|oo.|(17,292)|65,871|130,865|
|TOTAL ASSETS LESS CURRENT LIABILITIES|8,588,631|(17,292)|8,571,339|8,844,805|
|NET ASSETS|8,588,631|(17,292)|8,571,339|8,844,805|
|FUNDS|12|
|Unrestricted|funds:|
|Unrestricted Expendable Endowment Fund|8,588,631|8,865,753|
|Unrestricted Income Fund|(17,292)|(20,948)|
|8,571,339|8,844,805|
|TOTAL FUNDS|8,571,339|8,844,805|
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signed on its behalf by: The financial statements were approved by the Board of Trustees and authorised for issue on8 ]x1)202.6 and were
The notes form part of these financial statements
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The Plum Trust Notes to the Financial Statements for the YearEnded 5 April 2025
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1. ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities and Trustee Investment (Scotland) Act 2005. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’:
- _ the requirements of Section 7 Statement of Cash Flows.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation and apportionment of costs Governance costs comprise all costs involving the public accountability of the charity and its compliance with regulation and good practice. These costs include costs related to statutory audit and legal fees.
Taxation The charity is exempt from tax on its charitable activities.
Investments Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.
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The Plum Tnust
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|Notesfor|the totheYear|FinancialEnded|5|AprilStatements 2025continued_-|
|2.|DONATIONS AND LEGACIES|
|Legacies|
|3.|INVESTMENT INCOME|
|Investment|
|asset income|
|4.|RAISING FUNDS|
|Investment management|costs|
|Investment|
|management costs|
|5.|CHARITABLE ACTIVITIES COSTS|
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|---|---|---|
|5.4.25|5.4.24|
|Unrestricted|Total|
|funds|funds|
|£|£|
|368,775|-|
|5.4.25|5.4.24|:|
|Unrestricted|Total|
|funds|funds|
|£|£|
|258,156|248,027|
|5.4.25|5.4.24|
|Unrestricted|Total|
|funds|funds|
|£|£|
|42,428|41,590|
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|---|---|---|---|
|Grant|
|funding of|
|activities|Support|
|(see note|costs|(see|
|6)|note|7)|Totals|
|Grants|£|£|£|
|paid|245,500|-|245,500|
|Support costs|-|20,712|20,712|
|245,500|20,712|266,212|
|6.|GRANTS PAYABLE|
|5.4.25|5.4.24|
|Grants|£|£|
|paid|245,500|212,500|
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The Plum ‘Trust
Notes to the Financial Statements - continued_ for the Year Ended 5 April 2025.
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- GRANTS PAYABLE- continued The total grants paid to institutions during the year was as follows:
| GRANTS PAYABLE-PAYABLE--continued | ||
|---|---|---|
| GRANTS PAYABLE-PAYABLE-- continued The total grants paid to institutions during the year was as follows:total grants paid to institutions during the year was as follows:grants paid to institutions during the year was as follows:paid to institutions during the year was as follows:to institutions during the year was as follows:institutions during the year was as follows:during the year was as follows:the year was as follows:year was as follows:was as follows:as follows:follows: |
5.4.25 | 5.4.24 |
| £ | £ | |
| AcornChristianFoundation AnnunciationTrust ArtinHealthcare BipolarScotland BritishWirelessfortheBlind Bumblebee Conservation Trust CapellaNova TheCitadelYouthCentre DrylawTelfordCommunityAssociation TheDunedinConsortTrust |
10,000 7,500 10,000 7,500 7,500 5,000 10,000 2,500 2,500 5,000 |
10,000 7,500 10,000 7,500 7,500 5,000 10,000 2,500 2,500 5,000 |
| Edinburgh Children'sHospital Charity TheEdinburghCompetitionFestivalAssociation EdinburghGreyfriarsKirk EdinburghYoungCarersProject FamiliesFirst |
19,000 5,000 5,000 7,500 3,000 |
- 5,000 5,000 7,500 - |
| FamiliesOutside | 3,000 | 3,000 |
| FirthofForth LobsterHatcheryLtd FischyMusic FrestStart(Edinburgh) Health inMind HeartsandMinds LeuchieHouse Moveon MusicinHospitals & Care PainConcern TheQuietGardenTrust TheRockTrust |
5,000 2,500 10,000 2,500 5,000 5,000 3,000 10,000 7,500 5,000 10,000 |
5,000 2,500 10,000 2,500 5,000 5,000 - 10,000 7,500 5,000 10,000 |
| ScottishChamberOrchestraLtd ScottishOutdoorEducation Centres SpartansCommunityFootballAssociation SpecialNeedsAdventurePlayground StColumbusHospice StMary'sMusic School SunshineWishes |
3,500 3,000 10,000 5,000 10,000 5,000 5,000 |
3,500 - 10,000 5,000 10,000 5,000 5,000 |
| TheTeapotTrust TheTrussell Trust |
7,500 10,000 |
7,500 10,000 |
| Venture Scotland | 2,500 | 2,500 |
| Whitchester Christian Centre | 3,500 | 3,500 |
| TheYard | 5,000 | - |
| 245,500 | 212,500 |
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The Plum Trust
Notesto theFinancial Statements - continued for the Year Ended 5 April 2025
- SUPPORT COSTS
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|---|---|---|---|---|---|---|
|Management|Governancecosts|Totals|
|Support|£|£|£|
|costs|17,592|3,120|20,712|
|Support|costs,|included|in the|above,|are as|follows:|
|5.4.25|5.4.24|
|Support|Total|
|costs|activities|
|Factors|£|£|
|Auditor|fees|17,592|15,396|
|remuneration|3,120|3,120|
|20,712|18,516|
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- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees! remuneration or other benefits for the year ended 5 April 2025 nor for the year ended 5 April 2024.
Trustees' expenses
There were no trustees’ expenses paid for the year ended 5 April 2025 nor for the year ended 5 April 2024.
9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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|---|---|---|---|
|Unrestricted|
|Expendable|Unrestricted|
|Endowment|Income|Total|
|Fund|Fund|funds|
|INCOME AND ENDOWMENTS FROM|£|£|£|
|Investment income|
|-|248,027|248,027|
|EXPENDITURE ON|
|Raising funds|41,590|-|41,590|
|Charitable|activities|
|Grants paid|-|212,500|212,500|
|Support costs|10,356|8,160|18,516|
|Total|51,946|220,660|272,606|
|Net gains on investments|303,022|-|303,022|
|NET INCOME|251,076|27,367|278,443|
|RECONCILIATION OF FUNDS|
|Total funds brought forward|8,614,677|(48,315)|8,566,362|
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The Plum Trust
Notes to the Financial Statements -continued for the Year Ended 5 April 2025
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|---|---|---|---|
|9,|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|- continued|
|Unrestricted|
|Expendable|Unrestricted|
|Endowment|Income|Total|
|Fund|Fund|funds|
|£|£|£|
|TOTAL FUNDS CARRIED FORWARD|8,865,753|(20,948)|8,844,805|
|10.|FIXED ASSET INVESTMENTS|Listed|
|investments|
|£|
|MARKET VALUE|
|At 6 April 2024|8,713,940|
|Additions|1,327,520|
|Disposals|(944,235)|
|Revaluations|(591,757)|
|At 5 April 2025|8,505,468|
|NET BOOK VALUE|
|At|5|April 2025|8,505,468|
|At 5|April 2024|8,713,940|
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The investments of the charity are recognised on UK, European and American stock exchanges.
Cost or valuation at 5 April 2025 is represented by:
Valuation in 2025 The historical cost of the portfolio at 5 April 2025 is £7,773,547 (2024 - £7,328,079).
Listed investments £ 8,505,468
The material investments held within the portfolio are as follows:
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|---|---|---|---|---|
|Value2025|Cost2025|Value2024|Cost2024|
|£|£|£|£|
|Reckitt Benckiser Group|Plc|457,380|563,363|
|Scottish American In Co Ple|-|-|442,133|224,209|
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The Plum Trust
Notes to the Financial Statements - continued_ for the Year Ended§ April 2025
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
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|---|---|---|---|---|---|---|
|5.4.25|5.4.24|
|£|£|
|Other creditors|30,929|29,075|
|12.|MOVEMENT IN FUNDS|
|Net|
|movement|At|
|At|6.4.24|in funds|5.4.25|
|Unrestricted|funds|£|£|£|
|Unrestricted Expendable Endowment Fund|8,865,753|(277,122)|8,588,631|
|Unrestricted Income Fund|(20,948)|3,656|(17,292)|
|8,844,805|(273,466)|8,571,339|
|TOTAL FUNDS|8,844,805|(273,466)|8,571,339|
|Net movement|in funds,|included|in the above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in funds|
|Unrestricted|funds|£|£|£|£|
|Unrestricted Expendable Endowment Fund|368,775|(54,140)|(591,757)|(277,122)|
|Unrestricted Income Fund|258,156|(254,500)|-|3,656|
|626,931|(308,640)|(591,757)|(273,466)|
|TOTAL FUNDS|626,931|(308,640)|(591,757)|(273,466)|
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Comparatives for movement in funds
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|---|---|---|---|---|
|Net|
|movement|At|
|At 6.4.23|in funds|5.4.24|
|Unrestricted|funds|£|£|£|
|Unrestricted Expendable Endowment Fund|8,614,677|251,076|8,865,753|
|Unrestricted Income Fund|(48,315)|27,367|(20,948)|
|8,566,362|278,443|8,844,805|
|TOTAL FUNDS|8,566,362|278,443|8,844,805|
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The Plum Trust
Notes to theFinancial Statements - continued. for the Year Ended 5 April 2025,
12. MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in funds|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted Expendable Endowment Fund|-|(51,946)|303,022|251,076|
|Unrestricted Income Fund|248,027|(220,660)|-|27,367|
|248,027|(272,606 )|303,022|278,443|
|TOTAL FUNDS|248,027|(272,606|)|303,022|278,443|
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A current year 12 months and prior year 12 months combined position is as follows:
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|||||
|---|---|---|---|
|Net|
|movement|At|
|At|6.4.23|in funds|5.4.25|
|£|£|£|
|Unrestricted|funds|
|Unrestricted Expendable Endowment Fund|8,614,677|(26,046)|8,588,631|
|Unrestricted Income Fund|(48,315)|31,023|(17,292)|
|8,566,362|4,977|8,571,339|
|TOTAL FUNDS|8,566,362|4,977|8,571,339|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains and|Movement|
|resources|expended|losses|in funds|
|£|£|£|£|
|Unrestricted|funds|
|Unrestricted|Expendable Endowment Fund|368,775|(106,086)|(288,735)|(26,046)|
|Unrestricted Income Fund|506,183|(475,160)|-|31,023|
|874,958|(581,246)|(288,735)|4,977|
|TOTAL FUNDS|874,958|(581,246)|(288,735)|4,977|
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continued...
:
The Plum Trust
Notes to the Financial Statements - continued for the Year Ended 5 April 2025
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2025.
14. FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
In common with many other businesses of our size and nature we use our auditors to assist with the preparation of the financial statements.
Page 16
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||||||||
|---|---|---|---|---|---|---|
|The Plum Trust|
|Detailed|Statement|ofFinancial Activities|
|for|theYearEnded 5 April 2025|5.4.25|5.4.24|
|Unrestricted|Total|
|funds|funds|
|£|£|
|INCOME AND ENDOWMENTS|
|Donations and legacies|
|Legacies|368,775|-|
|Investment income|
|Investment asset income|258,156|248,027|
|Total incoming resources|626,931|248,027|
|EXPENDITURE|
|Investment management|costs|
|Investment management costs|42,428|41,590|
|Charitable|activities|
|Grants to|institutions|245,500|212,500|
|Support|costs|
|Management|
|Factors|fees|17,592|15,396|
|Governance|costs|
|Auditor remuneration|3,120|3,120|
|Total resources|expended|308,640|272,606|
|Net income before gains and|losses|318,291|(24,579)|
|Realised|recognised|gains and losses|
|Realised|gains/(losses)|on|fixed|asset investments|(591,757)|303,022|
|Net income|(273,466)|278,443|
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This page does not form part of the statutory financial statements
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APPENDIX 1
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Nihapanavinbanpancentsitterasiouibe tc)
| Period start date — "Period end date -
OSC r From__,_| 6Day _ 4Month Year24 To Day5 4Month Year25
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Office of the Scottish Charity Regulator
Reference and administration details
Charity name The Plum Trust Other names charity is are Registered charity number $C032927 Charity’s principal address C/o Miller Beckett & Jackson Solicitors 190 St Vincent Street Glasgow
7
Postcode G2 5SP
Names of the charity trustees on date of approval of Trustees’ Annual Report
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Trustee name Office (if any) Raesiacted itan jane iucabesle to
tee ees
_ appoint trustee (if any) —
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1
APPENDIX 1
Reference and administration details
Names of all other charity trustees during the period, if any, (for example, those who resigned part way through the financial period)
Structure, governance and management Type of governing document _ Trust Deed
Trustee recruitment and appointment Serving Trustees are appointed as required, taking into account their skills and knowledge Objectives and activities Charitable purposes Theadvancementprincipal objects of the charity are the reliefofpoverty,the =| community which,of education,in law, is andcharitable. for any other purpose beneficial to the | | | | | Summary of the main activities _ During the year a donation valued £368,775 was received and income in relation to these objects _ from investments totalled £258,156 for use in our charitable activities. | Rathbones Investment Management Ltd act as Investment Managers in _ respect of the share portfolio and the return of Investments is in accordance with the benchmarks agreed with the Trustees and them. |
2
APPENDIX 1
Achievements and performance
Summary of the main achievements of Donations totalling £245,500 was awarded during the financial period to the charity during the financial period = those organisations that the Trustees feel require the most support, whose purpose falls within the spectrum of the Trust Deed.
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial|review|
|Brief statement|of the|charity's|policy|As|the charity has|no|recurring|expenditure on|an|annual|basis the|Board|
|on|reserves|of Trustees|consider the|current|level|of|reserves|to|be|sufficient.|
|Details of any|deficit|None|
|Donated|facilities and services|(if any)|| None|
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3
APPENDIX 1
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
Signature(s) Full name(s) , a ~
Position (e.g. Chair) “Trustee
4