REGISTERED COMPANY NUMBER: 03442623 (England and Wales) REGISTERED CHARITY NUMBER: 1073520
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 September 2024
for
The Amlwch Industrial Heritage Trust Limited
Salisbury & Company Chartered Accountants Irish Square Upper Denbigh Road St Asaph Denbighshire LL17 0RN
The Amlwch Industrial Heritage Trust Limited
Contents of the Financial Statements for the year ended 30 September 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Statement of Financial Activities | 2 | ||
| Balance Sheet | 3 | ||
| Notes to the Financial Statements | 4 | to | 7 |
| Detailed Statement of Financial Activities | 8 |
The Amlwch Industrial Heritage Trust Limited
Report of the Trustees for the year ended 30 September 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
03442623 (England and Wales)
Registered Charity number
1073520
Registered office
Llwyn Grug Gwalchmai Holyhead Anglesey LL65 4RE
Trustees
Mr T Evers (appointed 4/11/24) Ms A E Williams (appointed 4/11/24) Mr D Wagstaff Mr M R Williams
Company Secretary
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
...............................................................................
Trustee
Page 1
The Amlwch Industrial Heritage Trust Limited
Statement of Financial Activities for the year ended 30 September 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 10,368 | 14,800 |
| Other trading activities | 3 | 25,220 | 100 |
| Total | 35,588 | 14,900 | |
| EXPENDITURE ON | |||
| Charitable activities | |||
| General | 21,918 | 27,652 | |
| NET INCOME/(EXPENDITURE) | 13,670 | (12,752) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 46,369 | 59,121 | |
| TOTAL FUNDS CARRIED FORWARD | 60,039 | 46,369 |
The notes form part of these financial statements
Page 2
The Amlwch Industrial Heritage Trust Limited
Balance Sheet 30 September 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 30,119 CURRENT ASSETS Stocks 8 3,223 Debtors 9 3,444 Cash at bank 48,178 54,845 CREDITORS Amounts falling due within one year 10 (24,925) NET CURRENT ASSETS 29,920 TOTAL ASSETS LESS CURRENT LIABILITIES 60,039 NET ASSETS 60,039 FUNDS 11 Unrestricted funds 60,039 TOTAL FUNDS 60,039 |
2023 Total funds £ 43,183 4,298 647 33,114 38,059 (34,873) 3,186 46,369 46,369 46,369 |
|---|---|
| 46,369 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 3
The Amlwch Industrial Heritage Trust Limited
Notes to the Financial Statements for the year ended 30 September 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Capital Works | - | 30% on reducing balance |
|---|---|---|
| Exhibition & Equip | - | 30% on reducing balance |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2.
DONATIONS AND LEGACIES
| Donations Grants |
2024 £ 50 10,318 10,368 |
2023 £ 60 14,740 |
|---|---|---|
| 14,800 |
Page 4
continued...
The Amlwch Industrial Heritage Trust Limited
Notes to the Financial Statements - continued for the year ended 30 September 2024
3. OTHER TRADING ACTIVITIES
4.
| Filming Fees NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 25,220 2024 £ 13,064 |
2023 £ 100 |
|---|---|---|
| 2023 £ 18,506 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
The comparative year values on the Statement of Financial Activates are for unrestricted funds.
7. TANGIBLE FIXED ASSETS
8.
| COST At 1 October 2023 and 30 September 2024 DEPRECIATION At 1 October 2023 Charge for year At 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 September 2023 STOCKS Stocks |
Capital Works £ 148,977 137,826 3,399 141,225 7,752 11,151 |
Exhibition & Equip £ 398,492 366,460 9,665 376,125 22,367 32,032 2024 £ 3,223 |
Totals £ 547,469 |
|---|---|---|---|
| 504,286 13,064 |
|||
| 517,350 | |||
| 30,119 | |||
| 43,183 | |||
| 2023 £ 4,298 |
Page 5
continued...
The Amlwch Industrial Heritage Trust Limited
Notes to the Financial Statements - continued for the year ended 30 September 2024
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Prepayments and accrued income | 3,444 | 647 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Accruals and deferred income | 24,925 | 34,873 | ||
| 11. | MOVEMENT IN FUNDS | |||
| Net | ||||
| At | movement | At | ||
| 1/10/23 | in funds | 30/9/24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 46,369 | 13,670 | 60,039 | |
| TOTAL FUNDS | 46,369 | 13,670 | 60,039 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 35,588 | (21,918) | 13,670 | |
| TOTAL FUNDS | 35,588 | (21,918) | 13,670 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| At | movement | At | ||
| 1/10/22 | in funds | 30/9/23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 59,121 | (12,752) | 46,369 | |
| TOTAL FUNDS | 59,121 | (12,752) | 46,369 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 14,900 | (27,652) | (12,752) | |
| TOTAL FUNDS | 14,900 | (27,652) | (12,752) |
Page 6
continued...
The Amlwch Industrial Heritage Trust Limited
Notes to the Financial Statements - continued for the year ended 30 September 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2024.
Page 7
The Amlwch Industrial Heritage Trust Limited
Detailed Statement of Financial Activities for the year ended 30 September 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 50 | 60 |
| Grants | 10,318 | 14,740 |
| 10,368 | 14,800 | |
| Other trading activities | ||
| Filming Fees | 25,220 | 100 |
| Total incoming resources | 35,588 | 14,900 |
| EXPENDITURE | ||
| Charitable activities | ||
| Purchases and stock write-offs | 2,188 | 2,998 |
| Support costs | ||
| Management | ||
| Overheads | 5,470 | 5,244 |
| Advertising and Publicity | 346 | 503 |
| Depn of Capital Works | 3,399 | 4,778 |
| Depn of Exhibition & Equip | 9,665 | 13,729 |
| 18,880 | 24,254 | |
| Governance costs | ||
| Governance Costs | 850 | 400 |
| Total resources expended | 21,918 | 27,652 |
| Net income/(expenditure) | 13,670 | (12,752) |
This page does not form part of the statutory financial statements
Page 8