|||Page||
|---|---|---|---|
|Report ofthe Trustees|I|to|6|
|Report ofthe Independent<br>Auditors|7|to|9|
|Statement ofFinancial<br>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|





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|||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|f.||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||6,792||6,792|13,559|
|Charitable<br>activities||||||||
|Castle Activities||||57,666|258,672|316,338|123,517|
|Other trading activities|||3|147,895||147,895|317,735|
|Investment<br>income|||4|26||26|257|
|Total||||212,379|258,672|471,051|455,068|
|EXPENDITURE<br>ON||||||||
|Raising funds|||6|111,017||111,017|141,525|
|Charitable<br>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<br>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<br>assets||14||1,359,860|1,359,860|1,321,285|
|Heritage<br>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<br>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<br>funds|||||766,913|748,440|
|Restricted<br>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<br>from operations|||||178,137|157,813|
|Net cash provided<br>by operating<br>activities|||||178,137|157,813|
|Cash flows from investing||activities|||||
|Purchase oftangible<br>fixed|assets||||(73,718)|(23,394)|
|Interest received|||||26|257|
|Net cash used<br>in investing|activities||||~73,692)|~23 137)|
|Change<br>in cash and cash|equivalents||in||||
|the reporting<br>period|||||104,445|134,676|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|2||467,883|333,207|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>period|||2||~572 328|467,883|





## 

## 

## 

||OPERATING AC|TIVITIES||||||
|---|---|---|---|---|---|---|---|
|||||||31.3.21|31.3.20|
||Net income/(expenditure)<br>for the reporting||period (as per the|||||
||Statement ofFinancial Activities)|||||44,120|(2,701)|
||Adjustments<br>for:|||||||
||Depreciation<br>charges|||||97,411|118,825|
||Interest received|||||(26)|(257)|
||Decrease in stocks|||||2,270|2,328|
||Decrease<br>in debtors|||||13,638|35,486|
||Increase<br>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<br>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|





## 

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## 



## 

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## 

## 

||DONATIONS<br>AND LEGACIES|||
|---|---|---|---|
|||31.3.21|31.3.20|
||Donations|4,792|11,559|
||Cardigan<br>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<br>Lottery||Heritage|Fund|Castle Activities||133,992|50,425|
||Covid JRS|Grant|||Castle Activities||19,095||
||Cultural<br>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<br>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'<br>remuneration||2,450|2,400|
|Auditors'<br>remuneration|for non audit work|2,300|2,250|
|Depreciation —Tangible|assets|36,063|57,316|
|Depreciation<br>- 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|



## 



|12.|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<br>and legacies|||13,559||13,559|
||Charitable<br>activities||||||
||Castle Activities|||73,092|50,425|123,517|
||Other trading activities|||317,735||317,735|
||Investment<br>income|||257||257|
||Total|||404,643|50,425|455,068|
||EXPENDITURE ON||||||
||Raising funds|||141,525||141,525|
||Charitable<br>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<br>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<br>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<br>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<br>6|Group<br>f|Charity<br>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<br>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<br>fund||||731,686|32,430|764,116||
||Restricted<br>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<br>fund||||212,380|(179,950)||32,430|
||Restricted<br>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<br>fund|||||||534,209|197,477|731,686|
|Restricted<br>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<br>fund|||||||404,643|(207,166)|197,477|
|Restricted<br>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<br>is as follows:||||
|||||||||Net||
|||||||||movement|At|
||||||||At 1.4.19|in funds|31.3.21|
|Unrestricted|funds|||||||||
|General<br>fund|||||||534,209|229,907|764,116|
|Restricted<br>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<br>fund||617,023|(387,116)|229,907|
|Restricted<br>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<br>and legacies|||||
|Donations|||4,792|11,559|
|Cardigan<br>Town Council|||2,000|2,000|
||||6,792|13,559|
|Other trading<br>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<br>income|||||
|Bank account interest|||26|257|
|Charitable<br>activities|||||
|Admissions|||38,571|68,536|
|Educational<br>tours|and courses|||4,556|
|National<br>Lottery|Heritage|Fund|133,992|50,425|
|Covid JRS Grant|||38,190||
|Cultural<br>Recover|Grant (WAG)||33,680||
|Economic Resilience Grant (CCC)|||91,000||
||||~335433|~123 517|
|Total incoming<br>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<br>and publicity|||5,256|3,968|
|Maintenance<br>and|other trading||~30 072|~28 954|
||||111,017|141,525|
|Charitable<br>activities|||||
|Professional<br>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<br>activities||||
|Brought forward||5,000|2,177|
|Repairs and renewals||1,421|853|
|Gardening<br>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<br>and waste disposal||779|1,829|
|Staffrecruitment<br>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<br>ofheritage|assets|61 348|~61 843|
|||97,411|119,159|
|Governance<br>costs||||
|Auditors'<br>remuneration||2,450|2,400|
|Auditors'<br>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)|