REGISTERED COMPANY NUMBER: 039559J8 (Eogland #Dd Wks) REGISTERED CHARITY NUMBER: lo8167 Report •f the Trn9tees And finantil Stitemethts for the YUT EDded 31 mrth 2023 for Ymddirledolaeth Cadwraeth Ade118dgU C&dwgan Building Pre5erYatiott Trnst Ashrnole and Co. Chartered Certified Accountants alld SUtOry AuditOTS MaTh¢hwt¢r House Grosv¢nor hill Cardigan Ceredigion SA43 IHY Ashm08 CD.
Ymddiriedolgeth CAdwr8etb AdeiiAdu CAdwggo Bullding Preserv8tloD Trust Contents of the FÉrtantlal Statements for the Yr Ended 31 March 2023 Pxg¢ Report oftbe Trnstee5 I to 6 Report ofthe IndepeDdeDt Audltors 7 9 statement of Fin•D¢iI A¢tivitie& io BglAnce Sheet 11 to 13 Casb Flow St8tement 14 Notes to the Cosh Flov4 StAtetrtent Notey to the Fl•attelal Statements 16 to 25 Detaljed S¢*temeut of Fingrtci41 A¢tivities 26 to 27 Ashmok& Co.
Ymddiriedoiaeth Cadwreth Ad¢lladau Cadwgjll Bulldlng Preserystion Trn Report of the Trustees for tbe Year EDded 31 M#r¢h 21b23 The tn]5t¢es who are also directors of the charity for the purposes of the Companies Aci 2006, present their rep)rt wtth th¢ finan¢ial statern¢nts of the charity for the year ended 31 March 2023. Tht tWU5tets have adopted the provtsion5 or A¢wuniing and ReFrf)rting by Ch8rities.' Stat¢m¢nt of li¢commended Practice applicable to chariiies preparing their ¥couDls in aCrdanCe with the Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102} (effecti l January 2019). OWECTIVES AND ACTIVITIES Objectives #nd #ims Our charity's purposes as set out in the company's rnemorandum of as50cialion are to-_ Prescrve for the benefit ofthe people of Cardigan To? and of the Nation, the historical, architectural and construetionaj heritage thai m&y exisl in and arowid Cardigan Town in buildings (including arjy building5 as defined in st1n 336 of the Town 2nd Country Planning A¢t 1990) of particul beauty, his¢ori¢aI or CQDstrudiona] interest. Sigttifieatst ¢tivities The focu5 of the trust's work is the restoraiion and preservation of Chrdigan Castle for th¢ b¢nefitthe t£ople tsf C8rdigatJ Tomry) and ofihe Nation. Cardigan C&stle isa Scheduled Monumenl of immense imporwJ¢e in Welsh herita8e and culture &$ the 51te of what has been regarded as the first Eisteddfod in 1176. Through its 9 year history the site has taken on a number of different role5 and its evolutiOD ¢onlinues to this day. Cttrdigan Castle has been restored to an excellent standord thanks to the enthusi&sm and commitment of the local community and trernend0 5UPPOrt frorn external funders. The quality of this wi)rk was re¢ognis¢d not only by the castle winniD8 Channel 4's R¢stordtion ofthe Year A ward agaillst27 Oth strong¢ontender& bui also by ihe W¢lsh Government Nqinister for Culture, Tourism and Sport's d¢5¢TiPtion of CaTdigan Castle as a shining example ora livirg castle had functions relevant to modern swiety. The trustees and staff are now Working to en5ur¢ that Cardigan Castle can be fully susthinable. g¢n¢ratins sufficient r¢venu¢s io provide a strong heritag¢ and educational experierjce while also maintaining the fabric of ihe h¢rits8¢ a%set. Cardi8an ca1¢ is attrdCtin8V151tors from awide geographic areaand. as well as informing these visitors aboui thehistory d the heritage of the area, this influx h&$ had a significant positive impaci on Cardigan businesses and the local onomy. Visitors are able to stay 7th]n the walls of thi5 hi5tOriC 51tr to celebrate. to leam. io do business and to dine. At th¢ sam¢ time a large number of local residents and 5chotslchildien are takin¥ advantage of the sit¢'s culthrdl, 1ucaiional, reci¢ationai wtd ¢nt¢tshnment event5. The wide range of activities taking place within the wa]Is delivers an ever-wider exposure of the &tIc,S rernarkablt story. Publlc b¢n¢tit Th¢ Trust¢es hav¢ reviewed the Charity'5 iTnpact on the peL)ple of Ceredigion hav5ng ieg8Jd to the Charity Commission guidan¢¢ on publi¢ b¢n¢fit and believe ihat maintsining and preserving thi5 historic TnoDwMent. as well as educatin8 the public, is to the publi¢ benefit. Pag¢ I hmde & Co.
Ymddiriedolaeth Cadwraeth AdeilAdau Cgdwgan Buudlng PreServad( Trust Report of tb¢ Trusttts for the Year EDded 31 MAreb 2023 ACHIEVEMENT AND PERFORMANCE Chirltable 8etlvltl Eduetloll Cardigan Castle has a SpO#S1bl]ity to f¥ilitate learning, specifically re8ardin8 the history of the CaMl< its pants d Cardigan's own rich history. A series of l¢aming re$our¢es have be¢n d¢v¢10 for Key Stages 1, 2 & 3 these be used either in the ¢l&ssr(M)m or ai the Castle. The C&8tle has b¢en able to welcome FAck school trips in 2022 and 2023 with schools from Ceredigion and Camiarth¢nshir¢ visiting. H¢ritsg¢ Visitor number5 showed a sAnall increase in 202%. despite comparison wilh 2021122 figures that benefitd frorn the post-covid staycation boorn. At the Same time, I( community involveml with Cardigan e&le Showed a further mark¢d in¢r¢&se, includin8 events that cthred for wide inteTests and all age groups. This trend is ¢ontinuing in 2023124, wi¢h 20 sm8il¢r ¢v¢nts held during the flrst 7 months of the financial year. in additi(rt) to the main summer concerts and perfomiances. Nllmerous local 8rix]ps are usin8 the wtle as a base fortheirmeetings, including Welsh LgUage classes, the Photography Club, the Ah1VIng Group, Dyfed Family History Society aDd the Only Boys Aloud choir. The c&8tle also hosts a forthightty meetin8 of a l(Kal poety group, led by local chair wit)ning poet. Ceri Wyn Jon¢5. The Castle continues to expand links with h¢ritage and eulthral organisations in Wales. The reScch room and its t¢4m of wolunteers c¢)ntinues to go from Strength to strength and is now ready to present its fjrsi exhibition on th¢ history of Cardisan's High Streei. Th¢ volunleers also worked alongside the Castle Director to successfully apply for grant fvndin8 in order to Garry out a geophysical survey of the C&rfle 8rounds using Ground Penetrating Rad8r IGPRI and Ele¢triul Resistivity (ER) te¢hniqu¢s. This allows for the accurdte production of beneath $urfe images thal PTovide strong indi¢ationsof strnc¢ures oreviden¢eofihem thaistill lie undiscovered beneath the surface.Th¢ rq)ortpioduc¢dconfwm n]any thwrits including iheposition of the original ¢urtain wall toth¢ South, th¢ sub-t¢rr4Thean structureof the East Tower and provided a possible candidate for l]Y lo¢ation of the C&stle's Great Hall, the exact locati(m of the 1176 Eisteddfod. Further archaeologica] work planned to Confrm some of these potentially exciting discoverie5. This project has also led to the produ¢tion ofa short film to provide visitors with o bett¢r understsnding of what the rnedieval Castle may have looked like. COVID-19 had a severely d¢trrn]¢ntal itnpad on the availability of guided tours al the C&8tlc. with tours being contrary toCOVID-19 legislation. In the meantime. many of th¢ pr¢viou$ty long-#anding tour guides have noi been able to return for 8 variety of reasons. However, a new group of tour guides was knined in preparation for 2023 and tour5 are now available daily betwrtn Monday and Friday. & Culture Partnerships with AberystwWI University have placed Cardigan Casil¢ at ihe forefront of W¢lsh langua edwation cours¢5 for adults in r1 yeats. Once again these wer¢ aff1¢d badly by COVID but have now njaik a very strotjg comeback. Interest in learning the Idnguage seems io hÈve incre8sttI and th¢r¢ now a Dumber of Welsh classes held in Ty Cadw8an thrOu8h0 the academi¢ year. The Camle also played host to a Welsh language and culture ¢v¢M held in conjunction with Cered and a local c<)mmunity group IGMyl Cynhaeao on B8rl¢y Saturday. Thi5 event. Bwrlwm Bartys. w&s a great succe85 al included IoL¥I sch¢)ols Orni]ng s)ngs they h8AI comp)sed. arts and Craft activities a5 well as live music into the night. Summer 2022 wthe return ofthe large*sca]e outdoor ¢on¢ertsto the C8Stle. Tn 2022 Othervoices made its long-awaiied rern to Cardigan with a fantastic wttkend of live musi¢ across the town; the Casile was lu¢ky enough to host the official Reception includin8 an address from the First Minister of Wales, Mark Drakeford. The outdoor summer concerts oIice again took place in 2023 with tribute ac15 like The Bootleg Beatles delighling an audien¢¢ of over 91M> &s well a5 the star attraction Natalie lrnbrugliadTawng an audience of over 1200 people. otherperforMan includ¢d C6r Cymry Gog[d America as well &5 the harpist Cairin Finch P¢Tfomiing with a tsaditional Colombi8n band ¢all¢d Cimarron. Totsl tick 5al¢s for th¢ con¢¢rt5 apwoaehed 4000 providing the highest level of ticket revenue for the ¢oncerts so far. Page 2 Ashtnole& Co.
YmddiriedolHetb Cadwrxeth Adeilad Cadwgan Bwlldlng Pre$trvAtion Trust Report of the Trustees for the Ye8r Ended 3] Mareh 2023 Other Voices took place again it) Octs)ber 2023 with tht Castle onee more hostin8 the oificia] reception. In the w¢¢ks leading up to the ¢v¢ni the Castle held other events in the Pavilion makin8 use of the Other Voices staging including tribute ¢onc¢rt and the C&tle's first ¢veT Oktoberfest, which sold out 2 consecutive ni8his. With the Cymru football teaTll qualifying for their first World Cup sin¢¢ 1938, the team and theÉr follomrfng have quickly come to represent a strong part of the Welsh national identity, particularly in promoting the Welsh language. The Castle held sold out events to show The Cymrn mat¢hes at th¢ World Cup, with commentary Provid in the Welsh Language. This w&5 repeated with the Six Nations Rugby into the winttr. In December 2022 the Castle worked in partnership with Small World Theatre 8nd Wired Wood Ltd 10 install a wimer light trail bos¢d on th¢ stories of the Mabinogi in the grounds of the Castle. The event was named Ffabl with ¢ustomer$ purehasin8 tickets to enjoy The spectscular light-swies Created on the sit¢. The Trust made a number of frce tickets available kn the service users of the local food banK ensurin8 th the fantas¢i¢ installation w&$ accessible to &$ wide a range of the local community possible. The Castle was pleasej to host Gwyl Fawr Aberteifi in July 2023 as it held its fwst event since 2019. The op¢ning ceremony was held on ih¢ Castle lawn whilst th¢ Pavilion provided the location for the Gwyl Lecture and the Talwrn trf)etry competition5 which included a School Talwrn featuring poety teams ¥r(m secondary s¢hoDls acroJ$ Cercdigion. iAb¢al Commulllty The R¢TCh Room rorttinue$ to PTovide the local community with an invaluable trove of historical rec(Jrds and photographs. Sevual events hav¢ been held offering a stage to local perfomiers with I(al Welshlonguage bands as the support 8¢ts for a twmber of concerts through theyear. The Castle has also provided a home for Cardigan's Citizen Advice Bureau after dsmage to their building meant they were unable to offer in person servic¢s. Adult Learning Wales also offered a numbcr of evening and weekend courses including Rth 8rehaeol(w coursq th¢ students of whi¢h partrk in the af0rementionedGeorthy5i Survey project. Hywel Ja Hea]th Board have also used the ¢x¢¢ll¢nt ¢lassroom fa¢iliti¢s in Ty Cadwgan to run a variety of courses for local tients. This filrtber demongirates how ihe Tn1 is providing high qyality facilitie5 at the Castle that are providing a home for extremely importanl 5Efvicc5 in Cardigan. In March 2023 th¢ C&stle was used by Eimeddfod yr Urdd for EistedrffI Cyl¢h Abert¢ifi. Thi5 included a number of local primary school eliildren competing f a place in the regional Ceredigion Ei$t¢ddfod. The event was very well attend atLd the first offjcial Eisteddfod held at the Castle sin¢¢ 1176. It is hoped the Castle will become the home of Eisteddfod yr Urdd Cylch Aberteifi long into the fiiture. The Castle also held its first ever Science Fair in March 2023 which w&% extremety wcll attertded and was voluntaTily supported with ¢xhibilions from Abery5twyth University. Coleg C¢r¢digion, Ysgol Bro Preseli. Cardiff Unrvtrsity as well as by the Casile's ¢)wn volunte¢r leam ¢0 provid¢ an affordable and fun ¢du¢*ional ¢Xp¢r1en for the local Community to enjoy. The charity is immensely grateful to the strongtearn of volunteers who work to ke the C&stle goin& ¢nhancin8 Trlsitorg exp¢rien¢¢ and und¢TStandingof the site. The gArdtning team Continue with theirbrilliant work around ihe sile whilst the Research R¢MJm has provided a natural horne for the volunteers on the hisiorical front- as pr¢viou51y m¢ntioned thi5 has helpeil to provide n¢w ¢our guid¢¥ an on-5ile genealogy facility a5 well as 511PPOrting the G¢ophysical Survey and related pr(Klucts. Page 3 Ashmde& Co.
Ymddlrledol8eth C8dwrAeth Adeild2u Cadivgan Buildittg Prnstrv#tion Trnst Report of the Tru¢¢3 ror the Year Ended 31 Mxreh 21123 FINAIYCIAL REVIEW FIllad#1 posltlott Revenue5 in 2022r23 wett £504223 against £522.510 in the previous y¢ar. th¢ latser figure tncluded Covid grants of £38,161 that were noTJ-operationa]. Excluding these grani& underlying revenues inue&s¢d by £19,87414.1%>. Exnditr¢ is shown in thc aceounts as £544.429 up £8.103 or 1.51°h against last year's £536,326 refl¢cting the Castte DireetOTg hard work in controlling costs. Additional ¢osts this yeaT included ex$¢5 for th¢ $uec¢ssfiEI Winter Lighi Trail. Expenditure includes a non-clsh bookkeqiing charge of £60.37110 write down the value of the Heritage Ass¢ts to zero at the of the 125-year l¢as¢ from Ceredigion County CLyJn¢il (see note IS io ihe 8¢¢ounts). Excluding this notional charge, expenses were £484, 058 and net in¢om¢ %20,165. These Consolidated figures in¢lude the tst'S tradin8 subsidiary. Cardigan C&stle Enterprises Limitrf whi¢h had a 5tron8 year and will be in a position mak¢ a donation of £l63.028 to the trSt beforethe eThJ of Decembcr 2023 Reserve8 pollcy Thetrusth&s £8.366,324 of restricied resmies, largely r¢fle¢ttng the hea inveslment in heritage assets. As describ in Finan¢ia] li¢vi¢w, heritage assets of £7,455251 will be wrilten down to nil value by theeAd of the le. Ut)r¢strict¢d reserves in¢reased to£l,034,667ai 31 Mar¢h 2023. Th¢twst¢¢5 Consider unrestricted re5eTVeSto beat a Satisfaory level in relation to #nnual wsts FUTURE PLANNING The succes5 of the commercial aGtLVLties of the Cas¢le has enabl¢d the Trnst to continue to maintain and develop the site. furthemioK it has enabled ihe Trust io thlfil its prin¢ipal aims of telling the story of the Castle and it5 Part in the hislory of Wales, Welsh culture and the Welsh language to an ever widening 8udien¢¢ in Wales and beyond- finally it has abled the Trust lo develop new strategries to keep Ihese aims r¢l¢vant for Ihe futur¢,' all ihis whilst ¢Dsuring that the Castle continues. and wll continue. to makc a major ¢ontrtl)ution to the vibrancy and economic success of Cardigan and its hinterland. STRUCTURE. GOVERNANCE AI¥D MANAGEMENT GDvernlDg docurnent Th¢ ¢harity is wntrolled by its governing doGurnen( a derd of trusL and ¢onstitutes a limited company, limited by 8uarantet, a5 defined by the Companies Act 2006. The organisation 15 a charitable company litDited by guarantee, in¢oryorared on 21 Mawh 2000 and registered acharity on I l May 2000. The cornpally was established under a MemorAndum of Association whith ¢stablish¢d the object5 and powers of the charitable company and is governed under 115 Arti¢les tsf Association. In the evenl of the company being WQUDd up m¢mb¢rs are re4uired to ¢tribU* an Amount not exceeding £1. The dir¢ctors of the company are also charity trustees for the purposes of charity law. Under ihe requir¢m¢nts of the Memorandum and Article5 o[Association. the number neaTest to one third of the elected tn]st¢¢s musi be re-elccttd at ea¢h Amjual General Meetin8. In ¢ommon wilh very many other chaTitÈt& the trust has a tradimg subsidiary, Cardigon Casik Ent¢tpris¢s Limite4 that canies out th¢ non-tharitable a¢tivities on sit& The fIn9cial aecounts attached tts this r¢port consolidaie ihe ¥tivities of this subsidiary, but Note 13 to the accoun15 5urnmari%s its perfornJ8mce. DurLn8 2022Q3, Cardigan Castle Enterprises Limited made a profit of £163,028 and thi5 amount wll be don8ted to the trust before the end of ih¢calenil8rye&r in order to support its charitable a¢tiviti¢S Recruitment and sppointrnent tru51ees New Itv¢¢$ ar¢ bri¢fed on th¢ir le8al obligation5 under charity and company law. the Charity Commission Guidanc¢ on public benefit. ¢ont¢nt ofthe Memorandum and Artieles of Ass(Ki&titsn, the committee and decision-m8&ing proctss the ent financial perforniance of the chaTity- Pog¢ 4 AShm0&CO.
Ymddlrftdolaetb Cadwr•eth Adell8d4 Cadwgan Bullding PreserVtIon Trust Report of tbe Trust¢e5 for the Ye8r Ended 31 Mrth 2023 STRUCTURE, GOVERNANCE AND MAIYACEMENT RSsk mftagement The tru5tee5 maintain a risk register which is updaied regularly. They also have a duty to identify and TeviEw the risks to which ihe ch2rity is exposed and to ensur¢ appropriate controls are in pla¢¢ to provid¢ reasonable a%surance agaiiJ5t fraud and error. MxBVlg¢m¢llt Membership of the twst is op¢n to anyone who 5UPW)rts the trust's objertives and aLm5. Applications formembership are weltomed at any time and are considered at each monthty trustees meeting. Membership takes effect from th¢ date of approval by th¢ truslees All trwstees give their time voluntarily and receive no Fcuniary or other benefits frorn the charity. REFERENCE AIYD ADMINISTRATIVE DETAILS Reglgtored CompaDy Aumber 03955918 [EnaTh1 Wales) Regtstered Cbarlty numb¢r 1080667 Regtstered offiee Cardigan C&stl¢ Green Street CARDIGAN CeTedigitsn SA43 IJA Trnstees EN D8vie5 JC Davies AM Reed CS Hewitt K Taylor JS Jenkii]s Audltoys Ashmol¢ and Co. Charter¢d C¢rtified A¢countants and Stattitory Auditors manches House Grosv¢nor Hill Cardigan Cer¢di8ion SA43 IHY Solleltt)rs Agri Advisor Le8 LLP. Cartrefle, Bridge Str¢¢L New¢astle Emlyn SA38 9DX Page 5 AShrn0 8 Co.
Ythddiriedolxetb Cadwrgetb Adtil8da Cadwglll Bullding Preserv8tlon Trust Report of tbe Trnst¢es for tbe Year Eed 31 M•rch 21123 REFERENCE AI¥D ADMINISTrATIVE DETAILS Bwnktrs Barclay5 BaJJk pl¢ 32 High Street Cardigan CeTedigion SA43 IHH STATEMEP4T OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the dire¢iors of ymddirledolah Cadwra¢th Adel1 Cadwgan Buildittg Preservation Trust for the PUTP05es of COEnpally law) ate resp)nsible for pr¢parins the Rert of the Trustees and the financial ststements in cordance with applicable law and United Kingdom A0tIng Standards (United Kingdom Generally Accepted Accounting Pra¢tic¢). Company law r¢quÉres the tru51ee5 to prepare financial statements for fjnancial year which give a tru¢ and fair view ofthe state of affoirs of th¢ charitsble company and of the incoming resour¢es and application of resources. including the incom¢ and expenditure, of the charitsble company for that period. In preparing those financial statement& the ÈNsiees are required to sele¢t suitsble ac¢ouniing policies and then apply them consistrntly. observe the m¢thods and principles in the Charity SORP.. make judgements and estimates that ar¢ r¢asonable and prudent- prepare Ihe finCial statements on the going concern basis unless li is inappropTi*¢ ¢0 pr¢sum¢ that ihe charitoble compaT]y will Continue in business. The trustees are responsible for keepin8 pmper accountin8 reeords which disclose with reasonabl¢ auraCY at any time the financial positiort of the charitable Company and to enable thern to eThsure that the finala] statemeThts compty with the Companies Act 26. They are also responsible for safeguardiJ]g the assets of th¢ ¢haritabl¢ Company and hence for taki]]greasonable steps for ihe pr¢v¢ntion atHI d¢t¢¢txon of fraud and other irregularities. In so far &s the trusttts are aware: th¢r¢ 1$ no relevant audit infomiation of which the charitabl¢ wmpany's audito are urtawwe. and the trustee5 have tsken all steps thai th¢y oughi ts hove taken to make them%lv¢5 aware of any reltvant audit inforn)ation and to establish that the auditors are aware of that inforniation. AUDITORS The auditors. Ashtnole and Co., will be proposed for re-appoÈntmenl at the forthcoming Annual General M¢¢ting. 20.11 . 2025 Approved by order of the board of trustees on ............................................. and signed on its behalf by.. EN les- Trustee Page 6 A3hmvle & Cts.
Report of the IDd¢pendent Auditor5 to the TnJstee5 of YmddiTiedolaeth CadwrAtth Adell#da Cgdwyn Building Pre5ervalon Trusi Oplttion We have audited the financial staternentsof Ymddiri¢dolaeth CadMTadh Adeiladau Cadw8all Building Preseryation Tn1 lthe'charitable company,) for the ycar ended 31 March 2023 which ¢omprise the Statem1 of Financia] Activities, the Balance SheeL the Cash Flow Stat¢m¢nt and notes lo the financial statements, including a summary of si8nifJwit counting policies. The financial reJx)rtAng framewo that ha5 been opplied in their preparatiotl is applicable law and Uni¢ed Kingdom AOUTt11n8 Standards (United Kingdom Generally Accepted A¢¢owitin8 Practiec). In our opinion th¢ finallci statemcnts.. giv¢ o true and fair view of the statr of the chdrtable MpanY'S 8ffaiTS as at 31 M8rch 2023 and of its incoming Tesour¢es and applitiOn of r¢50urces. fftncluding its income aThl exp¢nditure, for th¢ year then ended. have been properly pr¢pared in acconlance with United Kingdom GenttAlly Aepted A¢wEmting Practice" and have been prepared in accordance with the requirements of the Companies Ad 2006. Basts for oylnlo We ¢ondu¢ied our awlit in ordn¢¢ wlih lrttemational Slandards on Audiiing (UK) IISAS (UK)) and applicable law. Our responsibilities und¢r those standards are further described in the Auditors, responsibilities for the audit of the fthancial statements section of our report. We are independent of the charitable cornpany in accordan¢¢ with the ethical requirements that are relevant to our audit of th¢ financial statements in the UK, including the FRC'S Ethical StaTMlaT and the provisions available for sma]l entities in th¢ circumstanct5 set out in note 22 to the f)nan¢ial stai¢m¢nts. and we have fulfilled our otherethica] responsibilities in Accordan¢¢with thes¢rwuirernents. Webelievr tha1theauditevjdee wc have obtained i5 sufficrertt atld approprtate to provide a b&sis for ouropirtion. ContIusioDs rel#tillg to going coneern In auditing the financial statements, we ha con¢lud¢d that th¢ tru$t¢e$' of the going concem basis of accounlin8 in the preparation of the financial statements is appropriaie. BLsed on the wtsrk we have perfornied, we have not identified any material uncertaintieg rtl81ing io events or ¢onditions that, individually or colleetively may ¢asi significant doubt on the charitable company's ability to coniinu¢ as a going ¢on¢¢rn for a p¢riod of at le&st twelve months from when the financial stalements are authorised for issue. Our r¢sponsibiliti¢s and the responsibililies of the trustees with SpeCt lo going ¢on¢ern ar¢ described in the relevant sections of this r¢port. Other inforrna¢ioD The ¢Nstees are r¢sponsible for the other infOallOn. The other inforniat1 comprises th¢ inforniation incIjed in the Annual Repori other than the financial statement5 aTMI our Report of the Independ¢nt Auditors thereon. Our opinion on the financial ststements docs noteoverthe other infomiation and ¢x¢eM toth¢ utent otherwise explicitly stated in our rq)ort, we do not express any form of aswranc¢ conclusion ther¢on. In contt¢ction with our audit of the financial statements. our responsibility is to read the other infornil0rt an¢L in doing so, consider wheiher the oiher infonnation is materially inc4yn5iSteFrt with th¢ financtal statements or our knowledge obtaind in the audii or otherwise appur5 to be Jnat¢ria]ty misstated. If we ideniify such mal¢rial inconsistencies or appaT¢nt mat¢rial misstatement5, we are required to det¢miine whether this gives rise to a rnaterial tnissiatement in the fmancial statements themselves. If. based on the work we have perfomled we nclud¢ that there is a material rnisstatemertt of this other infomwtion, w¢ we rquired to TOrt that fact. We h&ve nothing to r¢wrt in this regard. M8tter8 on wltieh we are requlr¢d to report by exttptio We have nothing to report in respect of the followin8 matters where the Charities (A¢¢ounts and Rep(xts) Regulations 2008 requires us to rerA)rt to you if, in our opinion.. th¢ infornhation given in the Rew>rtof the Trustees 15 inconsistelll in arty material respedwiih the fiDcial Statement or the ehariiable company has not k¢pl od¢quat¢ cOUnting record5,' or the financia] 5tst¢m¢nt5 ate not in aeement with the accourttin8 records and returns. or we have not received all the inforniation and explanatLOrt$ we require for our audiL Page 7 AShThoa Co.
Report of the IndepeDdent Auditors to the Trust¢e5 or YnJddiriedoletb C&dwraetb Adeilada C&dwgHn BulldiDg PTe5erVAti0 Trust Responsibilitie$ oftrustees A5 explained more fully in the Ststement of TNst¢es' R¢5ponsibilities. the trusttts (who aTe a]so ¢he director5 of the ¢haritable cotnpany for the purpos¢s of mpanY lawl are responsible for the preparation of the faTr¢Ial Statements and forb¢ing sat15fied that they give a true and fair vi¢w. and for such int¢maJ control &$ the tritstees detern)ine is neccs5ary ¢0 enabl¢ th¢ preparation of fjnan¢ial statements that are free from material misStatemenL whether due to fraud or error. In preparingthe financial sthtements, the trusttts are responsible forwsessingthe charitablecompany's ability to continu¢ &% a going coneern. disclosin& as applicabl< matt¢rs related to going concern and using the going wn¢¢rn ba515 of accounting unles5 the Ittt$ either intend io liquida1¢ the ¢haritsbl¢ ¢ompany or tocea5e operation$. or have no re4listic alt¢rnativ¢ but to do so. Oyr respon$ibilitits for the Audit of the fittantlal statements We have been appointed as auditOTS undeT Section 144 of the Charities Ad 2011 and r¢pth in ¥cordance with the A d relevant regulations rnade or having effect thereunder. (kwobjectives are toobtsin re&son2ble Lssurartee about whrfher the financial $tat¢ments as awhole are free from marial misstaiement, whwh¢r due to fraud or error. and to issue a Report of the Ind¢pendent Auditors that includes ouropinion. ReasoDable assurance is a high level of &8surance. but is not aguarantee ihai an audit condu¢t¢d in occordance with ISAS (UK) wtll always delect o material misst¢ment whell it exist5. Mi55tat¢methts Can arise from ftaud or error and ar¢ (onsidered Mer1 if, individually or in the aggregate, they could rtasonably k ¢xpKt¢d io influence the econc4))i¢ decisions of useys taken on the basis of th¢s¢ financial statements. The extent to which our pro¢edur¢s ar¢ capabl¢ of dete¢ting irregularlties, including fraud is detailed low.. In identifying and a55¢S5ing risks ofmaterial mtssrat¢ment in respectof irregularities. including fraud 8J¥] non-wmplianee with laws and regulations, we ¢onsidered th¢ following.. - nature of the ¢h8rity and the sector in which 1¢ operat¢s. - the legal and regulatory fram¢work in whi¢h the ¢harity ortrate4 and in particu18r those laws and r¢gulatimS that directly affect the firtancial statemet)ts or have a fvnd8rn¢ntsl effect on operntion% eg Charities Act 2011. health and safety legislation. - results of tnquiTie5 of management and those ¢har8¢d with 8ov¢rnan¢e any rnatt5 identified relating to the ¢harity's poli¢i¢s and procedures for idcntifyin8* cvaluating and complying with laws 2nd regulations, and whether there were any known instances of non compliance. detectin8 and rcsponding to the risks of fraud and wh¢theT there is any knowledge of actual, suspected OT ail¢ged fraud. - th¢ internal controls e5tabli5htd to mitigate risks of fraud or non complia¢ with laws artd regulatiot)s. As a result of perforrnin8 the alx)ve. we did not identify any key audit matters related to SX)tential risk of frnpd or non mpliance with laws and regulations. In addition to the above, our procedures included.. r¢viewin8 the financial stateTDent di705r¢S and testing to supportin8 doLa]mentation to assess complianc¢ with relevanl laws and re8ulations - eoquires of management and those charged with governance concerning actual and potential litigation and claims perforniing analytical proccdures to identify any unusual or un¢xp¢thd relationships that may indi¢at¢ risks of material mis5tst¢m¢nt due to fraud - r¢vi¢w of minutes ofcornmitttt meding5 - written representations A thrth¢r d¢s¢ription of our responsibilitie5 for the audii of the finat)cial stat¢m¢nts is located on the FIn9cla] Reporting Coun¢il'sw¢b5ite atwww.frc.org.uklaJlt0rsrc$ptsnsJbJlties. This d¢s¢TlPtion fornis part ofourReport ofthe Indendt Auditors. Pase 8 Ashrnole & Co.
Report of ihe IDdependeDt Auditor8 to the Trustees or Ymddiriedolaeth Cadwr*tth Addlgda C&dw Builditsg Preyemtloth Trugt U$e of omr report This report is made solety to the ¢haTitable company's trusttts, Is a by, in accordlnee with Part 4 of th¢ Charities {AoUnt9 and Reports) Regulalion5 2008. Our audit work h&s been undcrtaken so that we mighi STe to the ¢haritsbl¢ company's trustees those matters we are r¢quir¢d to stat¢ to th¢m in an auditors. report and foT no other purp)se. To th¢ fullest extenl pertnitted by law, we do noi accep¢ or assum¢ Tesponsibility 10 anyone other than the charitable company alld the charitable cotnpany'5 trustees as a y, for our audit work, for this report, or for the opinions we have fomled. Ashrnole and Co. arteT¢d C¢rtified Ac¢ountantS Attd Stahjtory Audiiors Eligible to act an alItor in tern$ of Seciiort 1212 of the Companies Act 2006 Willt2mston Hous¢ 7 Goat Streel Haverfordwest P¢mbrokeshire SA61 IPX 29. 11- 2<121 Page 9 Ashrnde & Co.
Ythddirkdol#dh CAdwrg¢th Adei19d• CadwggD Buikiing PreservtloD Trnst Statement of Flnncl#l Aetlvltl¢B for the Year Ended 31 March 21123 31.3.23 Tota] funds 31.3.22 Tolal funds Unrestricted fimd R¢strid fund Note5 INCOME AND ENDOWMENTS FROM tk>n#iIo ortd legacies 8.487 8,487 9.551 Cbarltble ¥ctivities Castle Activitie5 83.811 83,811 134,742 Other trading activities Inv¢stm¢nt inwm¢ 411.814 411,814 378.163 54 Total 522.510 EXPENDITURE ON Raising fvnds 209.278 209,278 200.416 CILÉrltable actlvltle$ Castle Activities 94.700 335 151 335.910 Tot1 536 544 429 26 NET INCOMEI(EXPENDITURE) 54,494 {94.7001 140206) 113.8161 RECONCILIATION OF FUNDS Totsl fund5 brought forward 980,173 8,461,023 9,441,196 9,455.012 TOTAL FUNDS CARRIED FORWARD 1,034 667 8 366 323 9 400.990 9.441 196 The notes fom) pat1 of thes¢ flnancial statements Page 10 Ashmole & Co
Ymddlrl¢dol8eth C4dwra¢th Adeiixd811 C*dwg8 Buildiug PreservAtion Trnst Balance Sheet- Consolidit¢d 31 Marck 21)23 31.3.23 31.3.22 Totsl funds Unrestricted Restrid¢d fvnd flmds Not¢5 FIXED ASSETS Tangible assets H¢ritsge ass¢ts 14 14.797 1,324,949 7455251 .339.746 51 .359,279 7315 621 14,797 8,780,200 8,794,997 874,)0 CURRENT ASSETS Stocks Debtors Cash at bank and in hd 16 17 12.638 50,509 1059 129 12,638 50,509 1,059 129 12,647 21,080 1030 396 1.122,276 1,122,276 .064,123 CREDITORS Amounts falling du¢ within one year 18 1102,406) {413.877) 1516.2831 (497.827) NET CURREP4T ASSETS 1019 870 413 877 566 TOTAL ASSEI3 L&SS CURRENT LIABILrrIES 1.034,667 8,366,323 9,400,990 9,441,196 NET ASSETS .034,667 8J66J23 9,400,990 9.441.196 19 Unrestrict¢d funds Restricted fvnds 1,034,667 8 366,323 980.173 8.461.023 TOTAL FUNDS Th¢ ft¢5 fom part of th¢se fitwcia] statements PAge 11 ntinu AshrnDb & Co.
Ymddiriedol8etb C8dwraetb Adeild8u C8dwg8m Building PTe8emtitsn Trust BalaDee Sbeet- CbaTI¢y 31 M#rch 21b23 31.3.23 Tothl funds 31.3.22 Total funds Unrestricted fund Restricted fillhd Notes FIXED ASSETS Tangibl¢ assets Heritsg¢ ass¢ts 14 15 14,797 1,324,949 7455 251 1,339,746 7,455.251 .359,279 7,515.621 14,797 8,780,200 8.794.997 ,874,900 CURRENT ASSETS tkbtors Cash at bank and in hand 17 389.573 472.087 389,573 471087 364.691 496.305 861.660 861,660 860.996 CREDITORS Arnots falling du¢ within one year 18 (413.877) {413.8771 1413.878) NET CURRENT ASSETS 413 877) TOTAL ASSETS LESS CURRENT LIABILITIES 876,457 8,366J23 9.242.780 9J21018 NET ASSETS 876 457 8 366 323 9 242 780 9 322018 FUNDS Unrestricted Trds Restricted funds 19 876,457 8,366J23 766,913 8 464.476 TOTAL FUNDS 9,242 780 9322018 The ndes foTm part of these finaneial staments Pagt 12 continu Ashmolè & Co.
Ymddlrledo]aetb Cadwreth Adeil8d8 Cadwggll Building Preservtlon Trust BAJanee Sh¢e¢- contlDu¢d 31 March 2023 The charitable cornpany is entitled to exemption from audit under Secuon 477 of the Compant¢s Act 21h)6 for the year ded 31 Mah 2023. The rnemb¢TS hov¢ not d¢positrd notice, pursuant io Section 476 of the Companies A¢t 2(Kk6 requiring an audit of these financial statements. The ttustees acknowledge th¢ir responsibilities for {al ¢nsurin8 that the charitable compaThy keep5 acrounling rerdS tljat comply with S¢c¢ions 386 and 387 of the Compani¢s A¢t 2006 and prepating finan¢io] statement5 which give a true and fatr view of the state of affairs of the charitable company a5 at th¢ et)d of each financial ycar and of its surplus or deficit foi each financial year in CordanCe with the requirements of Se¢tions.394 and 395 and which otheTWi5e cornply with thc requirements of the Companies Art 2(6 r61ating to financial stsiem¢nts. so far as applicable to th¢ ¢haritsble company. (b) ThE5e finanrial 5latfflnts have been audited under the requirements of Section 145 of the Chariiies Act 2011. These finan¢iaJ SeMertts have been prepared in a¢cordance with the provisions applicable to ¢hariiabl¢ ¢ompani¢s Subject to the small companies Tegime. 28. 11. 202S The financial statem¢nt5 were approved by the Boardof Trustees and auth0ri5ed for issue on.................... and were $igned on its behalf by.. vies- Trustee CS Hewiit- Trustee Th¢ notes forni part of these financia] 5taternents Page 13 Ashmde & Co.
Ymddlrl¢dol¥eth Cxdwrxeth Adei18d411 Cadwgan BlIdIng Preserv8tion Trust C85h Flow Statement for the Yr Ended 31 March 2023 31.3.23 31.322 Notes Cash flows from operting #c¢hvldes Cash generated from operaiions Net etsh PTovided by operIllg actiwties C•$h flowJ from knvestlng cthv5tSes Fltr¢hase of tangible fixed assets Inier¢st received {19,7291 (39,071) 54 Nd wh used irt investiu¥ activAti¢s 39,017) Chgnge ID e*9h t#$b equlvaleDts I the Teporting period Cash 8Dd e8sh equlvsleDts #t the beglnnlng of the reporting period 25.281 47.644 619 972 Cash tash equivgltnts at tht end or the reporting p¢riod 645 252 Th¢ not¢$ forni part of these financial statements Page 14 A$hmolg & Co.
Ymddiriedol*etb Cadivrarfb Adeilada Cidwgan Bulldlng Preserv¥tl•D Tru$t Notes to the Cgsh Flow Ststemtnt ror the Year EDded 3A Mareh 21123 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPEIL4TIIYG ACTIVITIES 31.3.23 31.3.22 Net expeAdltMrt for tbe reportlnz perlod (85 per the Statement of (40206) (13,816) AdJu9¢ments for: tkpreeialion charges Interest received tkcrease in stocks {Increaselldecrease in debtors Increaselldecruse) in creditors 99,633 100,510 (54) 71 8,000 {29,429) 15.1103 l¥et ¢asb provided by operations 86.661 ANALYSIS OF CASH AND CASH EQUIVALENTS 31.3.23 31.3.22 C&8h in hand Notice deposits Ile5s than 3 months) Overdrafts included in bank loans and ov¢rdr&fts fa]ling due within one year 3,317 1,055.812 413.877 4,228 1,026,168 rotal cash and cash equival¢nts 645 252 619 972 AIYALYSIS OF CHANGES IN NET FUNDS At 1.4.22 C&%h flow At 31.3.23 N¢t cas Cash at bank and in hand Bank 0rdraft ,030,396 410.424 28,733 3.453 ,059,129 413 77 619.972 645 25280 52 Total 619972 645 25 280 52 The notes fom) part tsf these fin4n¢ial s¢atements Pog¢ 15 Aghmoè& Co.
Ytnddiriedol8eth Cadwraeth Adeilad
C8dwyn Buildlllg Preservatlon Trust
Nol¢$ to ¢h¢ Flnatt¢lal St#temeDts
for the Year Ended 31 March 21123
ACCOUNTING POLICIES
BASIS of prep4rlng ¢be flnncl*l statements
The financial statements of Ihe charitabl¢ ¢ompany, which is a public benefit entity under FRS 102. hav¢ been
prepared acwrdance with the Choriiies SORP IFRS 102)'Accounting and Rtporting by Chwiti¢s.' StatemM¢
of Recommended Practice appli¢abl¢ lo ¢hariti¢s preparing th¢ir acc4)unts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effecti l Jarnary 2019),, Financi¥l
Rq)ortingr Stsndard 102 'The Finan¢io] R¢poning Stand8rd applicable ill the UK Republic of Ir¢land' and the
C
Ymddlri¢dolaeth Cadwraeth Adeilada C•dwg%n Building PTeservHtion Trnst Notes to the Fitsncil Statemettts - o)ntlnued for tbe Yer Ended 31 MAreb 21123 ACCOU14TING POLICIES- continued Tax%0 The charity is exempt from cotporatlon rax on its ¢harrithble a¢tiities. Fvnd actountimg Unrestricted be $ed in 8ccordan¢e with the ¢haritsbl¢ objtIVeS at ihe di%r¢tion (Trf the truste¢8. Resiri¢t¢d funds can only b¢ u5¢d for particular restricted purp05e5 Wlthin th¢ obj¢ds of the charity- RestsictiOJL ari$e when speeifjed by the donor or when funds are raised for particular restricied purposes. Further explanation of the natwe and purpose of each fvnd is included in the notes to the fin8mcial sthtements. Pemslott $ts otber po$¢-retfiremeDI benefits The charitable company operates a defined eontribution pension scheme. Cotttriblltions payableto the charitable company's pension scheme we charg to the Staternent of Fitian¢ial ActlVLties in the period to which They relate. DONATIONS AND LECACILS 31.3.23 31.3.22 Ik>rtations Cardigall Town Councll 6,487 7,551 OTHER TRADIIYG ACflVITIES 31.3.23 31.3.22 Shop inwm¢ Room hire Rentsl incorne Event5 income 1176 inconje Accomm(MJation (Aher sales 24,804 51,843 9,000 42,953 41,673 237,459 22.635 19,403 9,IM)O 32,675 36.156 247,115 411.814 378 163 INVESTMENT INCOME 31.3.23 31J.22 Bank account interest 54 P8ge 17 continll AshThole & Cp.
Ymddlrledolaetb Codwraetb AdelJda Cdwg8D Bulldlng Preserv8tlon Tru51 Nole$ to the Fittancial Statemethts- ¢ODtl•ued for the Year Ended 31 Mareh 2023 INCOME FROM CHARITABLE ACTIVITIFS 31.3.23 31J.22 Activity Admissions Castle A¢iivities Edueationa] tours and courses Castl¢ Activities Ceredlglo County Coun¢il C&*tle Athiviti Covid JRS Grant CAstl¢ Activities Culturdl Recover Gr1 82,448 1,363 91.869 712 4,000 8,063 {WAG) Castle Activities 83,811 134742 RAISING FUNDS Otber trAdkng aftlvltk5 31.3.23 31.3.22 Pur¢has¢s Staff Costs Ac¢ornTM)dation expajses Events expenses Licenees and pemiits Marketing and publicity Maintenance and other trading 19,183 45.618 74.308 32,899 896 7,764 28.610 15,282 45,723 78,691 20,8g) 2,822 2,370 209.278 21N).416 CHARITABLE AcfIviTIES cosrs Support sls (s¢¢ note 8) Direct Costs Tothis Castle ActivititS 330 335 151 Page 18 ntinue Ashmole &Co.
Yrnddiriedoleth Cdwreth Adeiladlu dwgan BulldlDg Preserv8tlon Trust Notes to the FADanell StBtements- contiDUtd for the Year Ended 31 March 21)23 SUPPORT COSTS Governance costs Management Iher Totsis Castle Activities 4.780 330 IYET INCOMEI{EXPENDITURE) Net iticomel(expa]dinwe) is sthied after chargingl{LY¢ditingl: 31.3.23 31.3.22 Auditorg remunertion Auditorg remuneration for non audit work Depreciation - IgIble DepTeciation- heritage 1580 2.200 39262 2,450 1,710 39,652 60.858 10. TRUSTELS. REMUNERATION AND BEIYEFITS There w¢re no tnte¢s, Temun¢ration or oth¢r ben¢fJt$ for the year ended 31 March 2023 nor for the yew ended 31 March 2022. Thistees expense5 TheT¢ were no trustee5' expenses paid for the year endcd 31 Mar¢h 2023 nor forthe y¢w ended 31 March 2022. STAFF COSTS 31.3.23 31.3.22 Wages and salaTi¢S Social security Costs 200,953 13,454 196,055 13.129 214407 No employe¢ r¢ceiv¢d in ¢x¢es$ of £60,000. stsircategorles The nUrnr of staff employed by th¢ ¢harity during th¢ year was follows: Management OpeT81ional Finance 14 Page 19 continue AshTTth & Co.
Ymddiriedolrth Cdwr4eth Adellada Cdwll Bulldlllg PreservatloD Trnst Not¢1 to tbe FknIDel81 Statements- tDDtinued fDT tbe Yer Ended 31 M8rch 2023 12. COMPARATIVES FOR THE STATEMENT OF FINANCJAL ACTIVITIES Unrestricted fijnd R¢5tricted fund Total funds JIYCOME AND ENDOWMENTS FROM tknDation5 and l¢gacies 9.551 9.551 Ch4rilable g¢tiviti Castle Activilies l(K).644 34,098 134,742 (kher trading activities Investment income 378.163 54 378,163 54 Totsl 488 412 522 34098 10 EXPENDITURE ON Raising funds 200.416 200,416 Chrltable th5tles Castle Activities 71,938 263.972 335910 Totsl 272 354 263.972 536.326 NET INCOMEI{EXPENDITURE) 216,058 (229,8741 (13,816) RECONCILIATION OF FUNDS Total fimds brought forward 764,116 8,690,896 9.455.012 TOTAL FUNDS CARRIED FORWARD 980 173 8 461023 9 441 196 13. SUBSIDIARY COMPANY Th¢ ¢harity has a wholly owned subsidiary C8rdiganCastle Enterprises Ltd, a company limited by guarantee and in¢orporated in England and Wales. The company carries out trading and Commercial activity with th¢ purpose of raising money for donation to the charity. A summary of its finan¢iai activity is given below: 31.0323 31.03.22 Turnover Cost of 5)1¢5 Overhead Other In¢(e 404,177 155,896 85,253 369,874 152,323 81,092 4,032 Net (deficitysurplus before donation to the Charity 163.028 140,491 Ihnation to the Charity 163 028 139587 Page 20 colltiuue Ashmole &Co.
Ymddirledol•¢tb Cadwraeth Adeil8d• CHdWg Buildlng Preserv#tloll Trust Notss to the WTranel81 Stat¢mtnts- continued for tlhe Year Ellded 31 Mvjrch 2023 14. TANGIBLE FIXED ASSETS Fixture5 Fr¢ehold Plant and machinery fittings Total$ cosr At l April 2022 Additions 1.274.956 66,105 19.729 ,154.991 2,496,052 At 31 March 2023 274 956 1154991 2,515,781 DEPRECIATION At l April 2022 arg¢ for year 55223 7,653 1,081,550 1.136,773 At 31 Mhrch 2023 .113.159 1176035 NET BOOK VALUE At 31 March 2023 1274 956 1.339.746 At 31 Mah 2022 1274 956 1359 279 In¢luded in cost or valuation of land #nd buildings is freehold land of £1.274,95612022 £1274,956} which is noi d¢preeiated. Freehold Property comprises Bayvil House which was acquired by the charity in 2014-15 and a150 Ty Ca5tell which w&s acquircd by the ¢h8rity in 2011-12 gjjd improvemenls io ih¢se properti¢s. No depreciation is being tharg¢d on these properties. the tru51ees consider the expected residual values io be suffi¢i¢ntty hi8h to deem d¢pre¢iation immat¢rial. Included in tanble assets are fjxtures and fittings h¢ld by the Subsidiary company, Cardigan C&stl¢ Enterprise Ltd with a n¢1 book valu¢ of nil12022- Dil) Pag¢21 continue Ashrmle&Co.
Yjnddiriedolarth CAdwTAeth Adeilad8U Cadwgau Building Prestrv8tion Trust Notes to the Kn8ncial Statements- eoMtlnu¢d for the Yur Eded 31 March 2023 HERITAGE ASSETS Total COST Al l April 2022 Restoration work done in the year 8.(M19,IM)8 At 31 mCh 2023 8,009,1I18 DEPRECIATION At l April 2022 tkpreciaiion Ch8¢ forthe ye4r 493.387 At 31 March 2023 553.758 NET BOOK VALUE A(31 March 2023 7.455 250 At 31 March 2022 7 515622 The herithge assets Consist of th¢ costs of restoration worf(s io the castle buildings and ils grounds. Cardigan C&stle 8nd its grounds are kas to Cadwgan Building Preservation Tntst for 125 yeaTS effective from February 2013. The c05t of the acquisition of the lease is nil. An open rnaTket valuation is impra¢ti¢al and conventional valuation techniques cannot be applied. Depreciation i5 provided io amortis¢ the improvement expenditure over the temi of th¢ l¢ase1125 yars}. STOCKS 31.3.23 31.3.22 Stocks Group Group 12.647 17. DEBTOIiS: AMOUIYTS FALLING DUE WITHIIY ONE YEAR 31.3.23 31.3.22 31.3.23 31.3.22 Group 23,659 14,618 Group 6.061 12,445 Ctharity ity Trad¢ d¢btors Other debtors VAT Prepayments Cardigan Gwtl¢ En¢erprises 14.618 11445 12.232 2.574 12,232 2,574 362,723 349 672 50.509 21.080 389,573 364,691 PAg¢ 22 eontinue Ashrn0& CD.
Ymddiriedoleth Cadwra¢th Adellada dwgaD BDlldlng Pr¢8¢rv4don Tru5¢ Notes to tke FiAanrial Stxterntts- cotstinknod fgr Ibe Year Ended 31 Mreh 2023 i& CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31J.22 31.3.23 31.3.22 Group 45,100 51488 4.818 413,877 Group 50J03 34,743 2,357 410.424 Charity Charity Other creditors A¢¢N¢d expenses VAT Bank Deferred illcorne 3.454 413,877 410.424 S16 283 497 827 413 877 413 878 19. MOVEMENT IN FUNDS Net movement in funds At 31.3.23 At 1.4.22 Unrestritied funds General fid 980,173 54,494 1,034,667 Restricted fvnd5 Restricted 8.461,023 194.700) 8,366,323 TOTAL FUNDS 9441 196 9 400 990 Net movernent in funds included in th¢ above are as follows.. Incoming r¢sour¢es Resource5 expended Movement in fimds Ilttre5tricted futtds General fund 504222 (449,7281 54.494 Restricted fund8 R¢5tri¢t¢d (94.701} 194,7001 TOTAL FUNDS 504223 544.429 P8ge 23 continue Ash & Co.
Yrnddiriedolaeth Cdwr#tth Adeilsdau CidwgD Buildlllg PreserYatioD Trn5t Not¢5 to the FinBnti81 Statements- cotttimued for the Yesr Ended 31 March 2023 19. MOVEMENT IN FUNDS- tilled Compar*lives for movement fvllds Net mov¢menl in funds At 3 1.3.22 At 1.4.21 un$trActed funds G¢D¢ral fimd 764.116 216,057 980,173 Restrithd futsds Restricted 8.690,896 (229,873) 8.461.023 TOTAL FUIYDS 9 455 012 Cornpardtive net movement in fwids includ¢d in the abov¢ are follows.. Inci>mins resources Resources expended Mov¢m¢nt in funds Unrestrleted funds Generaj fund 488,411 (272.354) 216,057 Restrl¢ted fund5 Rrstri¢ted 34.099 {263,972) 1229.873) TOTAL FUP4DS 522 A ¢urr¢nt year 12 m{th5 and Prior year 12 mffiths Combined position is follows.. Net movement in fi]nds At 31.3.23 At 1.421 Unr¢s¢rlc¢¢d funds General fund 764.116 270,551 1,034,667 Restricted Restricted 8,69),896 (324.573) 8.366,323 TOTAL FUIYDS 9.455 012 9 400 990 Page 24 continue Ashmok 8 Co.
Ymddiriedolaetb Cthdwraetb AdeUad* c8dW Bulldlng Preservatlon Trust Notes to Ih¢ FiTr8n¢l•l Ststtments- CODtinued for tb¢ Y¢8r Ended 31 Mar¢h 2023 19. MOVEMENT IN FUNDS- ¢oDtSDu¢d A CUTreni yeaT 12 months and wior yw 12 months ¢ombitied net movement in fvnds, included in the above are as follows.. In¢oming resources Resources expen(kd Movement in funds Unre51rlcted General fund 992.633 (722.082) 270,551 Reslrlcteij Restricted 34.100 (358,673) {324.573) TOTAL FUNDS 1.026.733 (1,080 755 20. RELATED PARTY DISCLOSURES There were no related porty tTan5a¢tions for th¢ yw eNl¢d 31 March 2023. 21. FRC ETHICAL STAiYDARD- PROVISIONS AVAILABLE FOR SMALL ENTITIES In eotttmon with many business¢s of our siz¢ and nature we use our auditors to pr¢par¢ and submil returns to the tax authoritics and a55iSt with the preparation of lh¢ financial statem¢nt Page 25 AShm0 & Co.
YmddSrledola¢th Cadwraeth Ad¢il8dau C8dwgaD BTrlldlng Pres¢TvatioR Tru$1 Detailed StsteJnet of FI1claI A¢tivitie5 for ¢be Year Ended 31 Mgrch 21)23 31.3.23 31.3.22 INCOME AND EIYDOWMENIS D(>Datlons gnd leggeS [kInlon$ Cardigan Town COU1] 6,487 2.000 7551 iooo 8,487 9.551 Other tradlng 8t¢fvltle5 Shop in¢ome Room hire Rental it)come Events income 1176 income A¢¢ommodaiion Other sales 24,804 51.843 9,10 42.953 41,673 237.459 4.082 22,635 19,403 9,0(K> 32.675 36,156 247,115 4LI,8J4 378,163 Inveithient kneotnt Bank account interest 54 Charlt¥4ble activitle$ Admissions Educational tours and Cr5e5 Other Grants Covid JRS Grant Cultural R0Ver Grant (WAG) 82,448 1.363 91.869 712 4,0 8.063 30.098 134 742 Tot1 incoming Tesource 504223 522,510 EXPENDITURE Other trading 8ttiYities Puwhas¢s Wages Social security & Pension c05t Accornmodation expenses Events ¢%p¢ns¢s Li¢en¢¢s ond pennits Marketing and publi¢ity Maintenance and other trading 19,183 43,894 .724 74,308 32,899 896 7.764 15.282 43.951 1,772 78,691 20.890 2,822 2.370 209.278 200,416 Ch#rlt#ble *etlvldes Professional fees Carricd fon¥ard 2.222 1222 2.162 2,162 This pag¢ dtts not forni part of the statutory financia] 5tstements Page 26 A8hrnole& Co.
Ymddiriedolaeth C#dwraeth Adellada CAdwgiD Bulldlng Preservatloll Trust De¢aSi¢d St8tement ofFin*nciAI Activitie5 fTrr Ibe Y¢ar Ended 31 Mareh 2023 31.3.23 31.3.22 ChArltable ftttlvltles Brought foNaTd Repairs at)d r¢newals Gard¢ning ¢xp¢nses 2,222 1.341 2.162 3,668 1,818 4,948 7,648 Support eosts man9getttt Wage5 Socia] Securtty & Pension Cost Rates and water InsurAn¢e Light and h¢at Offi¢e c4)$ts Cleaning and waste disposal Sthff Tecruitment snd trdining Trnvel and subsist¢n¢¢ Bank charges Legal and professional costs Credii card char8es 157,059 11,730 5,115 9594 23,133 8,659 2.180 250 1,479 677 1.485 4.429 152.105 11.357 4,038 7,335 3 1,374 7.270 ,721 520 450 .375 5,387 225.7 223.592 Other Depreciation of tangtbl¢ assets Depreciation of heritage assets 39,262 39,652 60.858 99,633 iooJio Gov¢rngnf¢ ¢o¥¢s Auditors, r¢muneration Auditors, remuneralion for non audit work 1580 2,450 4.780 Total resources expended 544.429 536 326 N¢t •xpeDdliure CADWC,AN +Cadw AREPJNLIGAN Y LOTtW LoT[EIluL>Ep iOTWEBYtrUNDEP ARBNR GAN Y LOTERI CEREDIGION This page does not ftimi Fon of th¢ statutory fanCIal 5tstemcnts Page 27 AshnY)k & Co.