**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