2021-03-31-accounts - Ymddiriedolaeth Cadwraeth Adeiladau Cadwgan Building Preservation Trust

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		Page
Report ofthe Trustees	I	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet	1 1	to	13
Cash Flow Statement		14
Notes to the Cash Flow Statement		15
Notes to the Financial Statements	16	to	25
Detailed Statement ofFinancial Activities	26	to	27

						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes	f.
INCOME AND ENDOWMENTS		FROM
Donations and legacies				6,792		6,792	13,559
Charitable activities
Castle Activities				57,666	258,672	316,338	123,517
Other trading activities			3	147,895		147,895	317,735
Investment income			4	26		26	257
Total				212,379	258,672	471,051	455,068
EXPENDITURE ON
Raising funds			6	111,017		111,017	141,525
Charitable activities
Castle Activities				68,933	246,981	315,914	316,244
Total				179,950	246,981	426,931	457,769
NET INCOME/(EXPENDITURE)				32,430	11,690	44,120	(2,701)
RECONCILIATION	OF FUNDS
Total funds brought	forward			731,686	8,679,206	9,410,892	9,413,593
TOTAL FUNDS CARRIED FORWARD				764,116	~8690 896	~9455 012	~9,410892

			31	March 2021
						31.3.21	31.3.20
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes			6
FIXED ASSETS
Tangible	assets		14		1,359,860	1,359,860	1,322,205
Heritage	assets		15		7 576,479	7 576 479	7,637,827
					8,936,339	8,936,339	8,960,032
CURRENT ASSETS
Stocks			16	12,718		12,718	14,988
Debtors			17	29,080		29,080	42,718
Cash at bank and in hand				787,673		787,673	722,295
				829,471		829,471	780,001
CREDITORS
Amounts	falling due within	one year	18	(65,355)	(245,443)	(310,798)	(329,141)
NET CURRENT ASSETS				764,116	~245 4433	518,673	450,860
TOTAL	ASSETSLESSCURRENT
LIABILITIES				764,116	8,690,896	9,455,012	9,410,892
NET ASSETS				764116	8690,896	9455012	9,410892
FUNDS			19
Unrestricted funds						764,116	731,686
Restricted	funds					8,690,896	8,679,206
TOTAL	FUNDS					9,455 012	9.410.892

		31 M	arch 2021
					31.3.21	31.3.20
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes
FIXEDASSETS
Tangible assets		14		1,359,860	1,359,860	1,321,285
Heritage assets		15		7,576,479	7,576,479	7,637 827
				8,936,339	8,936,339	8,959,112
CURRENT ASSETS
Debtors		17	347,689		347,689	431,009
Cash at bank and in hand			430 812		430812	320583
			778,501		778,501	751,592
CREDITORS
Amounts falling due within	one year	18	(11,588)	(233,855)	(245,443)	(283,059)
NET CURRENT ASSETS			766,913	~233 8553	533058	468 533
TOTAL ASSETSLESSCURRENT
LIABILITIES			766,913	8,702,484	9,469,397	9,427,645
NET ASSETS			766,913	8,702,484	9,469,397	9,427,645
FUNDS		19
Unrestricted funds					766,913	748,440
Restricted funds					8,702,484	8,679205
TOTAL FUNDS

				Cash Flow Statement
			For the	Year Ended 31 March	2021
					31.3.21	31.3.20
			Notes
Cash flows from operating		activities
Cash generated from operations					178,137	157,813
Net cash provided by operating activities					178,137	157,813
Cash flows from investing		activities
Purchase oftangible fixed	assets				(73,718)	(23,394)
Interest received					26	257
Net cash used in investing	activities				~73,692)	~23 137)
Change in cash and cash	equivalents		in
the reporting period					104,445	134,676
Cash and cash equivalents		at the
beginning ofthe reporting		period	2		467,883	333,207
Cash and cash equivalents		at the end	of
the reporting period			2		~572 328	467,883

	OPERATING AC	TIVITIES
						31.3.21	31.3.20
	Net income/(expenditure) for the reporting		period (as per the
	Statement ofFinancial Activities)					44,120	(2,701)
	Adjustments for:
	Depreciation charges					97,411	118,825
	Interest received					(26)	(257)
	Decrease in stocks					2,270	2,328
	Decrease in debtors					13,638	35,486
	Increase in creditors					~20 724	4,132
	Net cash provided	by operations				178,137	157,813
2,	ANALYSIS OF CASH AND CASH EQUIVALENTS
						31.3.21	31.3.20
						8
	Cash in hand					768	510
	Notice deposits (less than 3 months)					786,905	721,785
	Overdraiis included	in bank loans and overdraiis		falling due within	one year	~215345)	~254 412)
	Total cash and cash	equivalents				~572 328	467,883

ANALYSIS OF CHANGES IN NET FUND	S
	At 1.4.20	Cash flow	At 31.3.21
		f,	8
Net cash
Cash at bank and in hand	722,295	65,378	787,673
Bank overdraft	~254,412	39,067	~215,345
	~467 883	104445	572 328
Total	467,883	104445	~572 328

	DONATIONS AND LEGACIES
		31.3.21	31.3.20
	Donations	4,792	11,559
	Cardigan Town Council	~2000	2 000
		6,792	~13 559
3.	OTHER TRADING ACTIVITIES
		31.3.21	31.3.20
	Shop income	10,097	17,834
	Room hire	1,315	49,406
	Rental income	9,205	7,500
	Events income	251	33,145
	1176income	13,288	30,999
	Accommodation	90,771	174,992
	Other sales	3,873	3,859
	Covid JRS Grant	~19095
		147,895	~317735
4.	INVESTMENT INCOME
		31.3.21	31.3.20
	Bank account interest	26	257

							31.3.21	31.3.20
					Activity
	Admissions				Castle Activities		38,571	68,536
	Educational	tours	and courses		Castle Activities			4,556
	National Lottery		Heritage	Fund	Castle Activities		133,992	50,425
	Covid JRS	Grant			Castle Activities		19,095
	Cultural Recover		Grant
	(WAG)				Castle Activities		33,680
	Economic	Resilience Grant			Castle Activities		91,000
	(Ceredigion	CC)
							~316338	~123 517
6.	RAISING	FUNDS
	Other trading activities
							31.3.21	31.3.20
	Purchases						9,197	14,212
	Staffcosts						31,974	31,059
	Bad debts							335
	Accommodation		expenses				31,415	44,265
	Events expenses						625	17,098
	Licences and permits						2,478	1,634
	Marketing	and publicity					5,256	3,968
	Maintenance and		other trading				30072	28 954
							111017	~141 525
7.	CHARITABLE		ACTIVITIES		COSTS
							Support
						Direct	costs (see
						Costs	note 8)	Totals
						8	6
	Castle Activities					~12894	303,020	315914
8.	SUPPORT	COSTS
							Governance
					Management	Other	costs	Totals
					8	8
	Castle Activities				~200 859	97411	4,750	~303 020

		31.3.21	31.3.20
Auditors' remuneration		2,450	2,400
Auditors' remuneration	for non audit work	2,300	2,250
Depreciation —Tangible	assets	36,063	57,316
Depreciation - Heritage	assets	~61 348	61,843

STAF	F COSTS
		31.3.21	31.3.20
Wages	and salaries	172,045	153,269
Social	security costs	7 614	8498
		179669	161 767

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
			E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			13,559		13,559
Charitable activities
Castle Activities			73,092	50,425	123,517
Other trading activities			317,735		317,735
Investment income			257		257
Total			404,643	50,425	455,068
EXPENDITURE ON
Raising funds			141,525		141,525
Charitable activities
Castle Activities			65,641	250,603	316,244
Total			207,166	250,603	457,769
NET INCOME/(EXPENDITURE)			197,477	(200,178)	(2,701)
RECONCILIATION	OF FUNDS
Total funds brought	forward		534,209	8,879,384	9,413,593
TOTAL FUNDS CARRIED FORWARD			~731 686	~8679,206	~9,410892

A summary ofi	ts fi	nancial activity i	s given below:
				31.03.21	31.03.20
Turnover				119,595	309,738
Cost ofsales				73,484	107,023
Overheads				66,110	68,638
Other operating	income			19097
Net (deficit)/surplus		before donation	to the Charity	~904	134.077
Donation to the	Charity				~134077

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and
	property	machinery	fittings	Totals
				f,
COST
At I April 2020	1,274,956	64,977	1,043,330	2,383,263
Additions			73,718	73,718
At 31 March 2021	1,274,956	64 977	~1117048	~2456 981
DEPRECIATION
At I April 2020		47,136	1,013,922	1,061,058
Charge for year		4,460	31,603	36,063
At 31 March 2021		~51596	1,045,525	1,097,121
NET BOOK VALUE
At 31 March 2021	1,274 956	13381	~71 523	~1 359860
At 31 March 2020	~1274,956	17,841	29408	1 322,205

		Total
		6
COST
At I April 2020		8,009,008
Restoration	work done in the year
At 31 March	2021	8,009,008
DEPRECIATION
At 1 April 2020		371,181
Depreciation	charge for the year	61,348
At 31 March	2021	432,529
NET BOOK VALUE
At 31 March	2021	7 776 679
At 31 March	2020	7,637,827

STOCKS
	31.3.21	31.03.20	31.3.21	31.3.20
	Group 6	Group f	Charity f,	Charity
Stocks	~12 718	14,988	12,718	14,988

DEBTORS:AMOUNTS FALLING DUE W	ITHIN ONE YEAR
	31.3.21	31.3.20	31.3.21	31.3.20
	Group	Group	Charity	Charity
Trade debtors	3,447	14,259
Other debtors	4,205	18,273	4,205	18,273
VAT	12,689		12,689
Prepayments	8,739	10,186	8,739	10,186
Cardigan Castle Enterprises			322,057	402,550
	29,080	42,718	347,690	431,009

					31.3.21	31.3.20	31.3.21	31.3.20
					Group	Group	Charity	Charity
	Social security		and other taxes			3,152		3, 152
	Other creditors				38,439	25,766
	Accrued expenses				38,504	i5,754	11,588
	VAT					4,562
	Bank				215,345	254,412	215,345	254,412
	Deferred income				18,510	25,492	18,510	25,495
					~310798	~329 141	245,443	~283 059
19.	MOVEMENT		IN FUNDS
						Net
						movement		At
					At 1.4.20	in funds	31.3.21
	Unrestricted	funds
	General fund				731,686	32,430	764,116
	Restricted funds
	Restricted				8,679,206	11,690	8,690,896
	TOTAL FUNDS				~9,410892	~44 120	~9455 012
	Net movement		in funds, included	in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in	funds
					f
	Unrestricted	funds
	General fund				212,380	(179,950)		32,430
	Restricted funds
	Restricted				258,671	(246,981)		11,690
	TOTAL FUNDS				~471 051	(426,931)		44,120

								Net
								movement	At
							At 1.4.19	in funds	31.3.20
Unrestricted	funds
General fund							534,209	197,477	731,686
Restricted funds
Restricted							8,879,384	(200,178)	8,679,206
TOTAL FUNDS							~9413593	~2701)	9410892
Comparative	net movement		in funds, included	in the above are			as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
							8
Unrestricted	funds
General fund							404,643	(207,166)	197,477
Restricted funds
Restricted							50,425	(250,603)	(200,178)
TOTAL FUNDS							~455 068	~457 769)	~2701)
A current year 12months		and prior year 12months			combined	position is as follows:
								Net
								movement	At
							At 1.4.19	in funds	31.3.21
Unrestricted	funds
General fund							534,209	229,907	764,116
Restricted funds
Restricted							8,879,384	(188,488)	8,690,896
TOTAL FUNDS							~9413593	41,419	9,455,012

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		617,023	(387,116)	229,907
Restricted funds
Restricted		309,096	(497,584)	(188,488)
TOTAL FUNDS		926,119	~884 700)	~41419

		for the Year Ended	31 March 2021
			31.3.21	31.3.20
INCOME AND	ENDOWMENTS
Donations and legacies
Donations			4,792	11,559
Cardigan Town Council			2,000	2,000
			6,792	13,559
Other trading activities
Shop income			10,097	17,834
Room hire			1,315	49,406
Rental income			9,205	7,500
Events income			251	33,145
1176income			13,288	30,999
Accommodation			90,771	174,992
Other sales			3,873	3,859
			128,800	317,735
Investment income
Bank account interest			26	257
Charitable activities
Admissions			38,571	68,536
Educational tours	and courses			4,556
National Lottery	Heritage	Fund	133,992	50,425
Covid JRS Grant			38,190
Cultural Recover	Grant (WAG)		33,680
Economic Resilience Grant (CCC)			91,000
			~335433	~123 517
Total incoming resources			471,051	455,068
EXPENDITURE
Other trading activities
Purchases			9,197	14,212
Wages			31,571	29,109
Social security &Pension		cost	403	1,950
Bad debts				335
Accommodation	expenses		31,415	44,265
Events expenses			625	17,098
Licences and permits			2,478	1,634
Marketing and publicity			5,256	3,968
Maintenance and	other trading		~30 072	~28 954
			111,017	141,525
Charitable activities
Professional fees			5,000	2,177
Carried forward			5,000	2,177

	Detailed Statement ofFinancial Activities
	for the Year Ended 31 March 2021
		31.3.21f	31.3.20
Charitable activities
Brought forward		5,000	2,177
Repairs and renewals		1,421	853
Gardening expenses		6473	2,603
		12,894	5,633
Support costs
Management
Wages		140,475	124,160
Social Security &Pension Cost		10,015	9,601
Rates and water		(4,018)	9,674
Insurance		7,483	6,463
Light and heat		26,696	18,245
Office costs		10,932	8,222
Sundries		910	906
Cleaning and waste disposal		779	1,829
Staffrecruitment and training		1,447	209
Travel and subsistence		478	1,484
Bank charges		379	1,330
Legal and professional	costs	1,534	1,307
Credit card charges		3,749	~3372
		200,859	186,802
Other
Depreciation oftangible	assets	36,063	57,316
Depreciation ofheritage	assets	61 348	~61 843
		97,411	119,159
Governance costs
Auditors' remuneration		2,450	2,400
Auditors' remuneration	for non audit work	2,300	2,250
		4,750	4,650
Total resources expended		~426 931	~457 769
Net income/(expenditure)		~44 120	~2,701)