Charity registration number 1119468
Company registration number 05644439 (England and Wales)
PLIAS RESETTLEMENT LTD
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PEARLMAN ROSE
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London E14 9YQ
PLIAS RESETTLEMENT LTD
LEGAL AND ADMINISTRATIVE INFORMATION
Management committee
Mrs Jacqueline Hinds (Chair)
Mrs Dunstanette Kuti (Treasurer)
(Appointed 23 May 2024)
Mrs Judith Davies
(Appointed 23 May 2024)
Miss Kirst Atek
(Appointed 23 May 2024)
Mr Shaun Pascal
(Appointed 23 May 2024)
Miss Terri Gannon
(Appointed 23 May 2024 & resigned 11 September 2024)
Mr David Truswell
(Resigned 02 July 2024)
Mrs Noreen Muir
(Resigned 10 June 2024)
Me Tajeen Hutton
(Resigned 31 July 2024)
Senior management team
Mr Tom Chandler
Mrs Norma Hoyte
Charity number
1119468
Company number
05644439
Registered office
Unit 12, Bridge Park Complex
Harrow Road
Brentfield
NW10 0RG
Site address
Suite 22
Unimax House
Abbey Road
London
NW10 7TR
Accountants
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ
Bankers
HSBC Bank Plc
122 Wembley Park Drive
Middlesex
London
HA9 8HT
PLIAS RESETTLEMENT LTD
CONTENTS
Page
Chairman's statement
1 - 2
Trustees' report
3 - 4
Independent examiner's report
5
Statement of financial activities
6
Balance sheet
7
Statement of cash flows
8
Notes to the financial statements
9 - 17
PLIAS RESETTLEMENT LTD
CHAIRMAN'S STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 1 -

This year has marked a pivotal period of strategic development and transition for PLIAS. Our Board of Trustees has been fully embedded in their roles—providing clear governance, strategic oversight, and operational support in line with Charity Commission guidelines. Their leadership has not only strengthened our internal structure but also ensured our alignment with evolving organisational priorities.

 

As part of this evolution, we are preparing for a planned restructure aimed at enhancing our infrastructure and sustaining both day-to-day operations and the introduction of new, future-proofed systems. A key moment in this transition has been the retirement of Norma Hoyte, one of PLIAS’s founding members. Norma’s vision, dedication, and leadership have been instrumental in shaping the organisation to its current form. We are pleased to mark this moment not only with gratitude but with continuity, as she transitions into a new role as an Advisory Board Member and Consultant, helping to steward PLIAS through this next phase.

 

Throughout the year, our trustees have taken on greater ownership of key projects, contributing their skills and insight to deepen our impact and prepare for the future. Their commitment has laid strong foundations for the changes ahead.

 

Community Impact and Project Highlights

 

This has been a year of continued growth, deepened community engagement, and meaningful partnerships. We have secured major funding from the City Bridge Foundation, Youth Futures Foundation, and others to sustain and expand critical services addressing domestic violence, youth unemployment, and mental health.

 

The extension of the Neon Project at Northwick Park Hospital and the strengthening of our collaboration with NHS charities reflect the increasing recognition of our work. Meanwhile, the return of the Prison Project at Wormwood Scrubs, the ongoing successes of the “I Am Brent” youth violence intervention programme, NCS (National Careers Service) and CSCS (Construction Skills Certification Scheme), as well as the continued progression of the P&ACT Project and HEPS (Brent Health Education Partnership Service) demonstrates our sustained responsiveness to community needs, especially for those historically underrepresented or underserved.

 

Our team has grown to meet the demands of these projects, including new staff and volunteers who bring fresh energy and commitment to our work.

 

Engagement and Advocacy

 

Last year’s Domestic Homicide Review, Domestic Violence and Abuse & Criminal Justice Summit was a powerful reminder of the importance of centring survivor voices and driving system-wide change. The emotional and impactful contributions of speakers, panellists, artists, and survivors gave life to often-overlooked narratives and underscored the urgency of our work.

 

This year, we are planning our second annual Summit, which will focus on Mental Health through an Equitable Lens. It will highlight the disparities experienced across domestic abuse, violence, and the criminal justice system; further strengthening our advocacy for systems change. Our partnerships with Brent Council and CVS Brent continue to enhance the reach and influence of these critical initiatives.

 

Looking Forward

 

As we plan for the future, our focus is on strengthening our digital infrastructure and improving how we connect with communities. Our recent Trustee and Staff Away Day at QPR’s Loftus Road Stadium was an important opportunity to deepen collaboration and shape our strategic direction most notably, progressing the redevelopment of our website.

 

We are also laying the groundwork for an expanded programme of CPD-accredited workshops and training that will support community development, enhance lifelong learning, and strengthen our offer to partner organisations.

PLIAS RESETTLEMENT LTD
CHAIRMAN'S STATEMENT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -

On behalf of the Board, I extend sincere thanks to our funders, partners, staff, volunteers, and service users. Your continued belief in our mission enables us to deliver meaningful, lasting change. Together, we look forward to a future built on equity, opportunity, and resilience.

 

Here’s to continued success, progression and impactful change!

Mrs Jacqueline Hinds
Chairman
Date: 23 September 2025
PLIAS RESETTLEMENT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -

The Trustees present their annual report and financial statements for the year ended 31 December 2024.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Companies Act 2006 and "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

To promote for the benefit of the public the resettlement and rehabilitation of offenders and ex-offenders and to help prevent them from re-offending, in particular but not exclusively by encouraging family support and through education and training in order that they may seek alternative routes in life away from crime.

Public benefit

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Financial review
Reserves policy

It is the policy of the Charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Statement of Trustees' responsibilities

The Trustees, who are also the directors of PLIAS RESETTLEMENT LTD for the purpose of company law, 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).

Company law 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 income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. 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.

Independent examiner

Mohammad Jilani has been re-appointed as independent examiner for the ensuing year.

PLIAS RESETTLEMENT LTD
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -

The Trustees' report was approved by the Board of Trustees.

Mrs Jacqueline Hinds
Trustee
23 September 2025
PLIAS RESETTLEMENT LTD
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF PLIAS RESETTLEMENT LTD
- 5 -

I report to the Trustees on my examination of the financial statements of PLIAS RESETTLEMENT LTD (the Charity) for the year ended 31 December 2024.

Responsibilities and basis of report

As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

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

Independent examiner's statement

Since the Charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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

1

accounting records were not kept in respect of the Charity as required by section 386 of the Companies Act 2006.

2

the financial statements do not accord with those records; or

3

the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or

4

the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

............................
Mohammad Jilani
Independent examiner
Pearlman Rose
Chartered Accountants
Suite 1, First Floor
Jack Dash House
2 Lawn House Close
London
E14 9YQ
Dated: 23 September 2025
PLIAS RESETTLEMENT LTD
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
Notes
£
£
£
£
£
£
Income from:
Charitable activities
3
171,855
260,118
431,973
209,685
444,316
654,001
Investments
4
7,460
-
7,460
5,397
-
5,397
Total income
179,315
260,118
439,433
215,082
444,316
659,398
Expenditure on:
Charitable activities
5
324,063
289,183
613,246
155,067
494,954
650,021
Total expenditure
324,063
289,183
613,246
155,067
494,954
650,021
Net income/(expenditure) and movement in funds
(144,748)
(29,065)
(173,813)
60,015
(50,638)
9,377
Reconciliation of funds:
Fund balances at 1 January 2024
415,647
60,665
476,312
355,632
111,303
466,935
Fund balances at 31 December 2024
270,899
31,600
302,499
415,647
60,665
476,312

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

PLIAS RESETTLEMENT LTD
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 7 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
10
56,367
64,134
Current assets
Debtors
11
12,151
22,265
Cash at bank and in hand
376,567
539,888
388,718
562,153
Creditors: amounts falling due within one year
12
(142,586)
(149,975)
Net current assets
246,132
412,178
Total assets less current liabilities
302,499
476,312
The funds of the Charity
Restricted income funds
14
31,600
60,665
Unrestricted funds
15
270,899
415,647
302,499
476,312

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2024.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the Trustees on 23 September 2025
Mrs Jacqueline Hinds
Trustee
Company registration number 05644439 (England and Wales)
PLIAS RESETTLEMENT LTD
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 8 -
2024
2023
Notes
£
£
£
£
Cash flows from operating activities
Cash absorbed by operations
18
(168,601)
(80,838)
Investing activities
Purchase of tangible fixed assets
(2,180)
(7,435)
Investment income received
7,460
5,397
Net cash generated from/(used in) investing activities
5,280
(2,038)
Net cash generated from financing activities
-
-
Net decrease in cash and cash equivalents
(163,321)
(82,876)
Cash and cash equivalents at beginning of year
539,888
622,764
Cash and cash equivalents at end of year
376,567
539,888
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 9 -
1
Accounting policies
Charity information

PLIAS RESETTLEMENT LTD is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 12, Bridge Park Complex, Harrow Road, Brentfield, NW10 0RG.

1.1
Accounting convention

The financial statements have been prepared in accordance with the Charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4
Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 10 -
1.5
Expenditure

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 are allocated on the portion of the asset’s use.

1.6
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15-20% of cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7
Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8
Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 11 -
Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.

1.10
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12

Limited by guarantee

The charity is a company limited by guarantee and has no share capital.

2
Critical accounting estimates and judgements

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 12 -
3
Income from charitable activities
Unrestricted
Restricted
Total
Unrestricted
Restricted
Total
funds
funds
funds
funds
2024
2024
2024
2023
2023
2023
£
£
£
£
£
£
Youth Futures Foundation
-
103,824
103,824
-
144,164
144,164
London Training & Employment
-
-
-
56,794
-
56,794
Prospects Information & Support
159,055
-
159,055
125,363
-
125,363
G4S Family Works
(20,535)
-
(20,535)
-
-
-
London Community Foundation
-
6,833
6,833
-
54,487
54,487
Lloyds Bank Foundation
-
-
-
25,000
-
25,000
Young Brent Foundation
-
16,890
16,890
-
6,094
6,094
Brent Council NCIL
-
11,340
11,340
-
15,350
15,350
AWL
-
-
-
-
40,091
40,091
Pilgrim Trust
-
-
-
-
20,000
20,000
Asian Women's Resources Centre
-
40,853
40,853
-
51,067
51,067
Brent Carers Centre
-
24,228
24,228
-
9,551
9,551
John Lyons Charity
-
39,900
39,900
-
39,900
39,900
Synergy Vision
-
-
-
-
1,000
1,000
Other Income
3,141
-
3,141
1,128
-
1,128
Brunel University
-
-
-
1,400
-
1,400
London North West Healthcare Charity
-
11,250
11,250
-
62,612
62,612
Locality
-
5,000
5,000
-
-
-
First Hung
6,991
-
6,991
-
-
-
Step Up Hub
23,203
-
23,203
-
-
-
171,855
260,118
431,973
209,685
444,316
654,001
4
Income from investments
Unrestricted
Unrestricted
funds
funds
2024
2023
£
£
Interest receivable
7,460
5,397
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 13 -
5
Expenditure on charitable activities
2024
2023
£
£
Direct costs
Share of support and governance costs (see note 6)
Support
613,246
650,021
Analysis by fund
Unrestricted funds
324,063
155,067
Restricted funds
289,183
494,954
613,246
650,021
6
Support costs allocated to activities
Unrestricted funds
Restricted funds
Total
Total
2024
2024
2024
2023
£
£
£
£
Staff costs
237,194
196,812
434,006
459,066
Rent
11,998
23,290
35,288
41,770
Repairs & maintenance
1,470
2,854
4,324
12,696
Insurance
1,275
2,474
3,749
3,366
Printing, postage & stationery
2,486
4,825
7,311
9,936
Telephone & fax
3,980
7,726
11,706
7,294
Education training & project costs
14,873
33,640
48,513
30,666
Travel & subsistence
1,032
2,003
3,035
3,376
Volunteer expenses
835
1,621
2,456
2,635
Staff welfare
1,010
1,961
2,971
11,765
Governance
47,910
11,977
59,887
67,451
324,063
289,183
613,246
650,021
2024
2023
Governance costs comprise:
£
£
Depreciation
9,947
11,318
Accountancy
10,324
3,250
Legal and professional
39,468
41,919
Consultancy
-
10,746
Bank charges
148
218
59,887
67,451
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 14 -
7
Net movement in funds
2024
2023
£
£
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial statements
-
-
Depreciation of owned tangible fixed assets
9,947
11,318
8
Employees

The average monthly number of employees during the year was:

2024
2023
Number
Number
Administrative
10
14
Management
2
2
Total
12
16
Employment costs
2024
2023
£
£
Wages and salaries
385,154
409,708
Social security costs
36,560
37,253
Other pension costs
12,292
12,105
434,006
459,066
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel

The remuneration of key management personnel was as follows:

2024
2023
£
£
Aggregate compensation
113,190
115,215
9
Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 15 -
10
Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 January 2024
250,424
Additions
2,180
At 31 December 2024
252,604
Depreciation and impairment
At 1 January 2024
186,290
Depreciation charged in the year
9,947
At 31 December 2024
196,237
Carrying amount
At 31 December 2024
56,367
At 31 December 2023
64,134
11
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
-
10,213
Other debtors
9,574
9,574
Prepayments and accrued income
2,577
2,478
12,151
22,265
12
Creditors: amounts falling due within one year
2024
2023
£
£
Other taxation and social security
6,088
12,414
Trade creditors
389
421
Other creditors
132,859
132,540
Accruals and deferred income
3,250
4,600
142,586
149,975
13
Retirement benefit schemes
2024
2023
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
12,292
12,105
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
13
Retirement benefit schemes
(Continued)
- 16 -

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

14
Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 January 2024
Incoming resources
Resources expended
At 31 December 2024
£
£
£
£
Restricted funds
60,665
260,118
(289,183)
31,600
Previous year:
At 1 January 2023
Incoming resources
Resources expended
At 31 December 2023
£
£
£
£
Restricted funds
111,303
444,316
(494,954)
60,665
15
Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 January 2024
Incoming resources
Resources expended
At 31 December 2024
£
£
£
£
General funds
415,647
179,315
(324,063)
270,899
Previous year:
At 1 January 2023
Incoming resources
Resources expended
At 31 December 2023
£
£
£
£
General funds
355,632
215,082
(155,067)
415,647
PLIAS RESETTLEMENT LTD
NOTES TO THE  FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 17 -
16
Analysis of net assets between funds
Unrestricted
Restricted
Total
funds
funds
2024
2024
2024
£
£
£
At 31 December 2024:
Tangible assets
56,367
-
56,367
Current assets/(liabilities)
214,532
31,600
246,132
270,899
31,600
302,499
Unrestricted
Restricted
Total
funds
funds
2023
2023
2023
£
£
£
At 31 December 2023:
Tangible assets
64,134
-
64,134
Current assets/(liabilities)
351,513
60,665
412,178
415,647
60,665
476,312
17
Related party transactions

There were no disclosable related party transactions during the year (2023 - none).

18
Cash absorbed by operations
2024
2023
£
£
(Deficit)/surplus for the year
(173,813)
9,377
Adjustments for:
Investment income recognised in statement of financial activities
(7,460)
(5,397)
Depreciation and impairment of tangible fixed assets
9,947
11,318
Movements in working capital:
Decrease in debtors
10,114
48,094
(Decrease) in creditors
(7,389)
(144,230)
Cash absorbed by operations
(168,601)
(80,838)
19
Analysis of changes in net funds

The Charity had no material debt during the year.

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