REGISTERED COMPANY NUMBER: 03955918 (England and Wales)
REGISTERED CHARITY NUMBER: 1080667
Report of the Trustees and
Financlal Statements
for the Year Ended 31 March 2024
for
Ymddirledolaeth Cadwraeth Adeiladau
CadivgaD BuildiDg Preservallon Trust
Ashmole & Co
Chartered Certified Accountsnts alld Stattitory Auditors
Manchesler House
Grosvenor Hill
Cardigan
Ceredigion
SA43 IHY
Ashmole & Co.

YmddiriedolAeth Cadwraeth Adeiladau
Cadwgan Building PreservatAon Trust
Contents of the Fln3ncial Statements
for the Year Ended 31 March 2024
Page
Report of the Trustees
Report of the Independent Audltors
8 to 10
Statement ol Flnancial Actlvities
Balanee Sheet
12 to 14
C4sh Flow Statement
15
Notss to the Cash Flow Statement
16
Notes to the FinantiAI Statements
17 to 26
Detailed Statement ol Financial Activities
27 to 28

Ymddiriedolaetb Cadwraeth Adeiladau
CadwgAn Buildlng Preservadon Trust
Report of the Trustees
for the Year Ended 31 March 2024
The Trustees who are also Directors of the charity for the pwposes of the Companies A¢t 2006, present their report Thryth the
financial statements of the charity for the year ended 31 March 2024. The Trustees have adoptcd the provisions of
Accounting and Reporting by Charities.. Statcmenl of RccommeThded Practicc applicable to charities prcparing thcir
accoullts in accoTdance with the Financial Reporting Staudard applicable in the UK and Republic of Ireland (FRS 102)
(effeclive l January 2019)-
OBJFCTtVES AND ACTIVITIES
Objectives aims
Our Charity's PUTposes as set out in the cornpany's memorandum of association are to.. -
Preserve for the benefit of the people of Cardigan Town and of the Nation, the bistorical, archit¢cMral and constructional
heritage that may exist in and around Cardigan Town in buildings (including any buildings as defmed in section 336 of the
Town and County Planning Acl 1990) of particular beauty. historical or con51rn¢tional interest.
Significant getivities
The focus of the Trust's work is the restoration and preservation of Cardigan Castle for th¢ benefit of the people of Cardigan
Town and of the Nation. Cardigan Castle is a Scheduled Monument of immense import8n¢e in Welsh heritage and Cul￿re
3S the site of what has been regarded as the first Eisteddfod where a Bard was Chaired in 1176. Through its 900-year history
the site has taken on a number of dilTerent roles and its evolution continues to this day.
Cardigall Castle has been restored to att excellent standard thanks to the enthusiasm and commitment of the local
community and tremendous support from external funders. The quality of this work was Tecognised not only by the Castle
willniThg Channel 4's Rcstoration of the Year Award against 27 other strong ¢(mtenders, but also by the Welsh Government
Minister for Culbjre, Tourism and Sport's description of Cardigan Casde as a shining example of a living Castle tILat had
functions relevant to modern society.
The Trustcrs and staff aTe working to ensuTC that Cardigan Castle can bc lully sustainable, generating sufficicnt revenues to
provide a strong heritage and educational expcricnce while also tnaintaining the fabric of thc heritagc asset.
Cardigan Castle is attracting visitors from a wide geographic area and. as well as informing these visttors about tbe history
and the heritagc olthe area, this influx has had a significant positive impact on Cardigan businesses and the local economy.
Visitors are able to stsy within the walls of this historic sile to cclcbrate, to learn, to do business and to dinc. Ai the sarne
time. a largc number of local residents and schoolchildren are taking advantagc of tbe site's ¢ultUTal. educational.
ieGreational and entertainment events. The wide rang¢ of activities taking place within th¢ walls delivers an ever-wid¢r
exposure of the Castle's remarkable story.
Public benefit
The Trustees have reviewed the Charity'5 impact on the people of Ceredigion having regard to tbe Charity Commission
guidance on public benefit and believe that nmintaining and preserving this historic mollumenL as well as educating the
public, is to the public benefit.
Page I

Ymddiriedolaeth Cadiyrxeth Adeiladau
Cadwgan Building Preservation Trust
Report of the Trn5teeg
for the Year Ended 31 March 2024
ACHIEVEMENT AND PERFORMANCE
Charitabl¢ activities
Education
Cardigan Castle I￿S a responsibility to facilitate learning, specifically regarding the history of the Castle, its occupants and
Cardigan's ovrn rich bislory. A series of learning resources have been developed for Key Stages 1, 2 & 3 and these can be
used either in the elassroom or at the Castle.
Herltage
2023124 has becn a year of transition for the Castle wilh a new incoming Director. There was a brief period b¢￿een the
outgoing and incoming Director being in post which was most ably handled by scnior Castle staff.
As we move toward the tenth anniversary of the Castle's opening to the public. an ongoing process of repair and
rejuvcnation of the slte, its attraciions, and thc displays within Castlc Green House is in process.
Visitor Dumbers showcd a small decrease in 2023124. it is thought as a direct result of the cost-of-living crisis. Ncw
pemanent altrdctsons are planned. and the website is beillg updated Following the successful application to the SPF 'Cynnal
y Cardi Grant, schcme. Three ncw websites are being built, including one for the Cadwgan Tr￿St, and one for the 'Castle
Ci)IlectioD'. Both sU￿51teS will sit within a ncw casier to navigate and more mobile phonc friendly main 'Cardigan Castle,
website. This main site will includ¢ search engine optimisation, a custorner relationship manag¢ment system and an
ecomm¢r¢¢ platfomi which will develop an online shop and ticketing provision.
The 'Cadwgall sile, will include r¢l¢vant Trust materials such as the memorandum and mission statement alongside profiles
of Trusfres, and will be the natural home for the annual accounts, reports and minutes. It will also include the latest news of
any strategic developments.
The 'Castle collection, will over time be populated with the rich history of images and items which Éhe Castle houses and
holds, and the ongoing process of digitisation is already underway under the guidance of Castle historian Glen Johnson and
his team of ready volunteers. This will Cap￿[¢ the Castle's history in an accessible way offering a greater experience to
those who come to the site pre or post their visil.
Th¢ flow of visitors to th¢ area who are tourists continues, and the Castle's Heritage accommodation has Continued to
perfoTm well with a healthy occupancy Tate. The Castle's East wing has during this period become dual purpose as a bed and
breakfast option which has been popular offering the four heritage rooms separately on a single night occupancy basis. This
is in addition to being available at other times as a large single multi occupancy Self￿terillg unit for larger groups of
people and families.
IA)cal comrnunity involvement with Cardigan Castlc continues. including event5 that catered for wide interests and all agc
groups. An increase in the provision of Welsb language Theatre by 'Mewn Cymeriad, has seen growth in thc attending
audicnces during the period. ALiendance has steadily increascd from initial productions to laier perfoTmances of a Lloyd
George portrait piece to a capacity audience for the recent porLrayal of Kate,, clwting thc life of novelist Dr Kate Robcrts.
These one person shows are a perfect fil for the Casile which deliver important cultural injections from history. During tbe
period a bilingual show on Llcwelyn Fawr was also well receivcd and appreciated by an enthusiastic audience of children.
Crcative West Wales and the Mid Waics Tourism group held evcnts at the Casde whicb brought ID Potential new
stakcholders. Numerous local groups continue to inhabit the Castle, using it as a base for their meetings, iDcluding Welsh
Language classcs for a vaticly of fluency levels starting with beginners, th¢ Archiving Group, Dyfed Family History
Society and the local Welsh language pocty writing group, led by CeTi Wyn Jones.
The Castle continues to expand links with heritage alld cultural organisations in Wales. The resear¢h room and its te8m ol
volunie¢rs continues to go from strength to strength. Glen Johnson has recently delivered four engaging talk5 which serve as
a mcans to record the continued development of the site and its fumre facing p05itioning.
Page 2

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Buildlng PTeservatfioD Tru8t
Report of the Trustees
for the Ye#r Ended 31 Mareh 2024
Castle tOUTS remain popular with a bigh level of appreciation. During the period we welcomed groups from America to the
Castle from the crnise ships who dock at E￿IShgllard. Growing this potential international audience will be a target dwing the
next two years when the condLtit of the new Castle website will play an important 8UPPOrting role.
Language & Culture
The ongoing parthcrship with Aberystwyth Univcrsily continucs to place Cardi¥an Castle ai the forefront of Welsh
languagc cducation courses for adults_ During the ycar the Castle workcd with 'Ccied' Ccredigion's agency fui the
promotion of the Welsh languagc alongsidc a llumber of local schools to rc5urrect the popular St. David's Day parade.
Scveral hwidred pupils paraded dDwtL tbe lown's high .strcct culminating in a musical perfonnance at the Castle watchcd by
a grand thrnout of the pupils, parents. This is now planned as a regular occurrence in the calendar.
Financial constraints irnpacted on the 2024 sunmler cvcnts prograllttne, which the Castle hosted by itself. This cDtsiled a
great deal ol work by the Castle staff with the continued help of dedicated voluntccrs. Theatr Felinfach succcssfully
PTovided the ticketing servi¢e, and all marketing materials at)d the campaign was created from within the Caglle team.
A most successful partnership was created with th¢ Ceredigion Music Service department to stage the Castle Proms" which
saw professional artists welcome metnbers of the Youth Choir and Orch¢stra to shaTe the stage. Substantial sponsorship was
attracted from Coco & Cwtsh and Cware ac Olew Trefigin to supplem¢nt the in¢ome streams for staging these
perforn)ances. It is good to report that the surnmer events were enjoyed by several thousand concertgoers, as well as being
commercially successful.
The Castle and Theatr Mwldan worked su¢¢essfully together With Illyria and No Fit State Circus to provide popular outdoor
shows.
As one of the venues for the Other Voices festival held in Octtjber, the Castle Pavilion was used to host the Welsb
Governrnenvs official reception for recently appointed First Minister Eluned Morgan and the Irish Ambassador.
During the year successthl book launches for independent publishers w¢re also held at the Castle.
In December the Castle worked in partnership with Small World Theatr¢ and Wired Wood Ltd to be the final destination for
Cardigan's Annual Lantern Parade, which saw several hundred of the local community of all ages enteTing the Castle
grounds, illurninated by their lanterns mdde in the workshops preccding the event and larger puppet creations from the
company. This is a magical cxperiell¢e which again promenades through the town's main street with the Castle providing
the pcrlect backdrop as the climax for the evei)iiig.
Local Cornmunity
The Castle's role within the local community saw many interactions and sharing of facilitie5 during the year. GThyl FawT
Aberteifi held its proclaJn&tion event at the Casile to launch the week'5 fcstivities and a memorablc annual Icclure was given
by Ccri Wyn Joncs highlighting his 'CaTdigan'. The iwo Talwrn evcnts for both young and older poets were also held in the
Pavilion.
The Royal British Legion held thcir commemoration of the D-Day landings in Brioude Gardens and the Castle displayed
thcir Flag at th¢ Castle's cntrance to mark the event.
During the year the Castle worked alongside the Town Council to effectively promote community evellls and National days
by projecting agreed sp¢cific logos onto th¢ Castle wall from thc riversid¢ at the rclevant times of year.
The Council also made use of the Castle's meeting rooms and conference facilities.
Another client for the meeting rooms is Plaid Cymru wheTe both the AM, Blin Jones, and MP, Ben Lake hold regular clinics
f(Trr the public.
Page 3

YmddiriedolAeth C4dTrvraeth Adeiladau
Cadwgan Building Preservatlon Trust
Report of th¢ Trnstees
for the Year Ended 31 March 2024
The Research RoonL continues to provide both the local community and thos¢ visitors from afar whose families lived in the
area ill the past, with an invaluable service. with a sieady flow of new requests from the public. These volunteers are
welcoming, inclusive and very knowledgeable in their efforts to diwlge and expand on the detailed and specific history
requested by the public. We are indebted to the slaunch and ¢ontinued support of the Castle Volunteers. We are grateful to
those who volunteer at events, enhancing visitors, expcticnce and understanding of thc site.
The gardening tean] of volulltcets under staff guidanLe continuc5 lo develop the grDunds, vegctable garden and green house,
not oThly providing an omni changing year-round visual altraction, but growing a wonderful supply of produce thal reaches
the tablcs ol 1176, the Castle's onsite restauranl.
With thc recent decisions by many financial organisations to reconfigure their bankll￿ presence in towns and cities.
Barclays and Lloyds banks, whosc traditional publtc facing bank provision within the town having closcd, were welcoffjcd
as new Clients bascd ITh Ty Cadwgan. Both banks offcr hub services to their customcrs from the Casde's confcrcnce rooms.
Hywel Dda Healih Board continues lo enjoy the excellent classroom facilities in Tl Cadwgan offering a variety of courses
for palients from the ar￿. Thes¢ aTC just three ￿rther ways in which the Castle enables the continued provision of important
services in Cardigan.
As a wedding venue the Castle offers both the local and wider community the perfect setting to get married. This year eight
couples celebrated their unions at the Castle. A successful wedding fair was held in May 2024 in partnership with the
Castle's resident caterers, Holdens CatCTing, along with several indepcndent providers of b¢spoke wedding services to
showcase the Castle's offeTS. Holden's Catering is a key ingredient to events and conferences hosted by external ¢lients at
the Castle. The standard of their cuisine and service is much appreciated by event organisers and attendees,
One of the highlights of the calendar is thc annual ChrisIn￿S Fair. The 2023 event reached out to 46 individual crafters,
makers and stsllholders which was the most populated event yet. This was also reflected in the footf￿1 with 1200 visitors
attending during the day, the m&jority being from the local community,
In September 2024, the Castle was delighted to work with Cardigan's own Sarah Jam¢s MBE to bring Craft Festival Wales
to the site. This thTee41ay festival of displays, workshops and some ninety iDdividual craft makers selling their wares was a
E￿at success. It attracted over 3,500 people throu￿ the Castle gates and the footfall benefited the whole to￿1 and bodes
well for establishing this festival as the largest of its kind in Wales.
The year of ehange hlls led to the review of some of the Trust's slructures and, as noted in the AGM documentation, the
re-introduetion of a small fee for membership of Cadwgan Trust. To avoid Gonthsion. Castle Members will be renamed as
Friends of the Castle,, lo differcnliate them from Cadwgan Trust Members. We would invite all Cadwgan Members to
become Fricnds of thc Castle and vice vcrsa.
NA￿cL￿ REv￿w
Financial position
Rcvcnues in 2023124 were £494.844 against £504,223 in the previous ycar. Revenues dccreased by £9,379 {1.90/D .
Expenditure is shown in the accounts as £541,126 down £3.303 or 0.6101￿ against last yetrs £544.429 rellectlng the Castle
Directors, haid work in controlling costs.
Expendi￿Te includes a non-cash bookkeeping chargc of £59,888 to write down tbe value of thc Heritage Assets to zcrD at
thc end of the 125-year lease from Ceredigion County Council (see note 15 to the accounts). Excluding this notional charge,
¢xp¢nses were £481,238 and net income was £13,606.
These consolidated figures include the trnst's trading subsidiary. Cardigan Castle Entetprises Limited. which had a strong
ye&r and will be in & position lo rnake a donation of £150,034 to the trust before the end of December 2024.
Pagc 4

Ymddiriedolaeth Cadwraeth Adeiladay
Cadwgan Building Preservatlon Trust
Report of the Tru3te¢$
for the Year Ended 31 March 2024
FINANCIAL REVIEW
Reserves policy
The Trust has £8,276,143 of restricted reserves, largely reflccting the heavy investment in heritage assets. As described in
tbe Financial Review, heritage assets of £7,395.363 will be written down to nil value by the end of the lease. Unrestricted
rese￿eS io¢reased to £l,078,565 at 31 March 2024. The Trnstees CODsider unrestricted reserves to be at a satisfactory level
in relation lo annual costs.
FUTURE PLANNLYG
Looking to the ￿￿re. initial discussions with the National Eisteddfod exploring ways in which both bodies can work
together in a mutually beneficial way,
Plans are undernvay to provide exciting new attractions at the Castle with further development of the lower part of the site.
As we enter the tenth year of operating as & public welcoming community venue, a timetable of redecoration and
rejuvenation is underway to freshen the look, fe¢1 and content of the site.
The Castle is working wiih An￿r Cymru to install data captur¢ monitors to record the nurnbers and flow of visitors through
the site. Over time tbis will enhance our understanding of the effectiveness of each attraction we offer to visitors to the
Castle.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is conlrolled by ils governing document, a deed of trnst. and consti￿teS a limited company. limited by
guarantee. as defined by the Companies Act 2006.
The organisation is a Charitable company limiled by guarant¢¢. incorporated on 21 March 2000 and registered as a Charity
on I l May 2000. The company was established under a Mernorandum of Association which established the objects and
powers of the Charitable company and is governed under its Articles of Association. In the event of the company being
wound up members are required to contribute an amount not exceeding £1.
The directors of the company are also Charity Trustees for the puwses of Charity law. Under the requirements of the
Memorandum and Articles of A5$0ciation, the number nearest to one third of the elected Trusl¢¢s must be re-elected al each
Annual General Meeting.
In comrnon with very many other charities, the Trust has a trading subsidiary, Cardigan Castle Ente￿rises Limited, that
carries out the non-charitable activities on site. The financial accounts attached to this report consolidate the activities of this
subsidiary, but Note 13 to the accounts sun)marises its perfonnance. During 2023124, Cardigan Castle Enterprises Limited
made a profit of £150.034 and this amount will be donated lo the t￿￿t before the end of the calendar year in order to support
its charitable aclivities
Recruitment and appointmeDt of Dew trustees
New Trustees are briefed on their legal obligations under charity and company law, th¢ Charity Commission Guidance on
public benefit, content of the Memorandum and Articles of Association, the ¢ommitte¢ and de¢ision-making process, and
the r¢¢ent financial perfonnan¢¢ of the ¢hariÉy.
Risk management
The Trustees maintain a risk register which is updated regularly. They also have a duty to identify and review ihe risks to
which the Charity is exposed and to ensure appropriate controls ar¢ An place to provide reasonable assurance against fraud
and error.
Page 5

Ymddiriedolaeth Cadwraeth Adelladau
Cadwgan Bullding Preservation Trust
Report of the Trustees
foT the Year Ended 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Management
Membership of the Trust is open to anyone who supports the Trusvs objectives and aims. Applications for membership are
wel¢omed at any time and are considered at each Trnstees, meeting. Membership takes effect froro the date of approval by
the Trustees.
All Tn￿le¢S give their tkme voluntsrily and receive no pecuniary or other benefits from th¢ Charity.
REFERENCE AND ADMINISTIUTIVE DETAILS
Reglstered Company number
03955918 (Not specifie(VOther)
Registered Charity number
1080667
Reglstered office
Cardigan Castle
Green Street
CARDIGAN
Ceredigion
SA43 IJA
Trustees
EN Davie5
JC Davies
AM Reed
CS Hewitt
K Taylor
JS Jenkins
Auditors
Ashmole & Co
MaThcbester House
Grosvenor Hill
Cardigan
Ceredigion
SA43 IHY
Solicitors
Agri Advisor Legal LLP,
Cartretle, Bridge Street,
Newcastle Emlyn
SA38 9DX
Page 6

Ymddirledol*eth Cadwraelh Adeiladau
Cadwgan Bulldlng Pre5erv&tlon Trust
Report of the Trustees
for the Year Ended 31 March 2024
REFERENCE AND ADMINtSTRATIVE DETAILS
Banker5
Barclays Bank plc
32 High Strect
Cardigan
Ceredigion
SA43 IHH
STA TEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees (who are also th¢ Directors of Cadwgan Building Preservation Trust for the PUTposes of company law) are
responsible for prcparing the Report of the TTUSt¢cs and the financial ststements in accordance with applicabl¢ law and
United Kingdom Ac¢ounÉing Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires Ihe t￿Ste¢S to prepare financial statements for each financial year which give a trne and fair view of
the state of affairs of th¢ Charitable company and of th¢ incoming resourc¢s and application of resources, including the
income and expenditure, of the charitable company for that perkod. In preparing those fuwicial statements, the Trustees are
rquired to..
select suitable accounting policies and then apply them consistently-
observe the meihods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.
prepare the financial statements on the going concem basis unle&s it is inappropriate to presume that the charitable
compally will continue in business.
Thc Trustees are responsible foi keeping proper accounting records which disclose with reasonable accuracy at any time the
financial position of thL Charitable compally and to cnable thcm to cnsure that the financial ￿tatc￿ents comply with the
Companies Act 2006. 'fhey arc aliso responsible for safeguarding the asscts. of the Charitable company and hence for tthing
reasonable steps for the prevention and detection of fraud and other iffegularities.
In so far as thc trnstees are awarc".
there is no relevant audit inforniation of which th¢ Charitsble company's auditors are unaware" and
the trustees have taken all steps that they ought to have taken to make themselves awar¢ of any relevant audit
infom￿tIOn and to establish that the auditors are aware of that infonnation.
AUDITORS
The auditors. Ashrnole & Co, will be proposed for re-appointment ai the forthcoming Annual General Meeting.
Approved by order of the Board of Trusle¢s on ....
. and signed on its behalf by..
Trustee
EN Davies - Trnstee
Page 7

Report of the Independent Audltors to the Trustees of
Ymddirledolaeth Cxdwraeth Adelladau
Cadwgan Building Preservation Trust
Opinion
We have audited the financial statements of Cadwgan Building Preservation Trust (the 'charitable company,) for the year
ended 31 March 2024 which comprise the Statement of Financial Activities, the Ba1￿ce Sheet. the C&8h Flow St&teD]ent
and notes to the financial statements. including a summary of significant accounting policies. The financial reporting
framework that has b¢¢n applied in their preparation is applicable law and United Kingdom Ac¢ounting Standards Iunited
Kingdom Generally Accepted Accounting PractiG¢).
ID our opinion the fmanciai statemenls:
give a true and fair view of th¢ state of the ¢haritable rompany's affairs as at 31 March 2024 and of its incoming
resources and application of TesourG¢s, including its income and expendityre, for the y¢8r then ended.
have been properly prepared in accordan¢e with Unitcd Kingdom Generally Accepted Accounting Practice" and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We CODducted our audit in accordance with Intcrnational Standards oll Auditing (UK) {ISAs {UK)) and applicable law. Our
responsibilities under those standards are fillther described in the Auditors, responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and
thc provisions availabl¢ for small entitics, in the ¢ircumstan¢es set out in note 21 to the fillan¢ial statements, and we have
fulfilled our other ethical responsibilities in accordance with these requlrements. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the tNste¢s' use of the going concem basis of accounting in the
preparalion of the financial statements is appropriate.
Based on thc work we have perfornied, we have not identified any material uncertainties relating to events or conditions
that, individually or colle¢tively, May cast significant doubt on the charitable company's ability to continue as a going
concern for a p¢riod of at least twelve months from when the finmcial statements are authorised for issue.
Our rcsponsibilities and the responsibilTties of the trnstees with respect to going concem are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other inforn]ation, The other infomiation comprise5 the infornlation included in the
Annual Report, other than the financial statements and our Report of the Independent Auditors thereon,
Our opinion on the financial stalements does noi cover the other inforniation and, except to the extent othenvise explicitly
stated in our report, we do not express any fonn of assuran¢¢ conclusion thereon.
In coi)nection with our audit of the financial slatements, our responsibility is to read the other infonnation and, in doing so,
consider whether the other infonnation is nuterially inconsistent wilh th¢ financial statements or our knowledge obtained in
the audit or otherwise appears to be materially misstated. If we identify such material inconsisten¢ies or apparent materia
rnisstatements, we are required to d¢t¢rn]ine whether thi5 gives rise to a material misstatemenl in the financial statements
themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other
infornmlion. we are required lo report that fact. We have Dothing to report in this regard.
Matters OD Ivhfich we thre required to report by exception
We have nothing to report in respect of the following matters where the Charities {Ac¢ounts and Reports) Regulations 2008
requires us lo report to you if, in our opinion..
the Inforn￿￿On given in the R¢port of the TTUStees is inconsistent in any material respect with the financial ststements-
or
the charitable cornpany has not kept adequatc accounting records. or
the finan¢ial statements are not in agreement with the accounting records and returns. or
we hav¢ not received all the infornthtion and explanations we require for our audit.
Page 8

Report of the Independent Auditors to the Trustees of
Ymddiriedolaeth Cadwraeth Adelladau
Cadwgan BuildiDE Preservailon Trust
Responsibilities of trustees
As explained more ￿1]Y in the Statement of Trustees, Responsibilities. the trustees (who are also the directors of the
charitable company for the purposes of Company law) are responsible for the preparation of the financial statements and for
being satisfied that they give a ttue and fair view. and for such internal control as the trustees detemiin¢ is necessary to
enabl¢ the preparation of financial statements that are free frorn material misststemenl whether due to fraud OT error.
In preparing the financial statements, the trnsfres are responsible for assessing the charitable company's ability to contlnue
as a going concern, disclosing, as applicable. matter5 Telated to going concern and ￿gIllg the going concern basis of
accounting unless the trustees either intend lo liquidate the charitable company or to cease operations, or h&ve no realistic
aitemative but to do so.
Our responsibilities for the audit of the financir41 $tatement5
We have been appointed as auditors under Section 144 of the Charities Art 2011 and report in accordaD¢e with th¢ Act and
relevant regulations rnade or having effect thereunder.
Our objectives ar¢ to obtain reasonable assuranc¢ about whether the financial statements as & whole are free from material
rnisstatemen¢ whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS
(UK) will always detect a material misstatement when it exists. Misstatements can arise fron] fraud or error and are
considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic
decisions of users tsken on the basis of these financial statements.
In identifying and &sses8ing risks of material misststernent in respect of iffegularities. including fraud and non-compliance
with laws and regulations. we considered the following-.
- nature of the cbarity and the se¢tor in which it operates.
- the legal and regulatory framework in which the charity operates, and in particular those laws and regulations
that dir¢ctly affect the f￿anCIal statements or have a fundarnental effe¢t on operations eg Charities Art 2011,
health aThd safety legislation.
- results of enquiries of management and those charged with governance
any matters identified relating to the charity's policies and procedures for identifying, evaluating and complying with
laws and regulations. and whether there were any known instances of non compliance.
detecting and responding to the risks of fraud and whether there is any knowledge of actual, suspect¢d or
alleged fraud.
- the internal controls established to mitigate risks of fraud or non compliaD¢e with laws and regulatioDS.
As a result of perfonning the above, w¢ did not identify any key audit matters related to potential risk of fraud or non
compliance with laws and regulations.
In addition to the above, our procedures in¢luded-
reviewing th¢ financial statement disclosure5 and testing to supporting documelltation to assess compliance with
relevant laws and regulations
- enquires of management and those charged with governance concerning actual and potential litigation and Claims
perforniiDg analytical procedures to identify any unusual or un¢xpect¢d relationships that may indicate risks of
material misstatement due to fraud
- review of minutes of committee meetings
- written representations
A further description of our Tegponsibilities for the audit of the financial statements 18 located on the Financial Reporting
Council's website at www.fr¢.org.uklaudilorsresponstbilities. This d¢scription forn]s part of our Report of the Independent
Auditors.
Page 9

Report of the Independent Auditors to the Trusteey of
Ymddlriedolaeth Ctddwraeth Adelladau
Cadwgrdn Buildlng Preservatlon Trust
Use of our report
This report is made solcly to the ch￿ltable company's tnjstecs. as a body, in accord&nce with Patt 4 of the Charilics
(Accounts and Reports) Regulation8 2008. Our audit work has been undertaken so that we might state to the charitable
ompany's tnjstses those malters we are required to state to them in an auditors, report and for no other pury)0se. To the
fullest extenl perniitted by law, we do not accept or assume responsibility to anyone other than the charitable cornpany and
the charitable company's truslees as a body, for our audit work, for this r¢poQ or for the opinions we have fonned.
Agk--IL
Ashmole & Co
Eligiblc lo act a5 an auditor in tern)s of Section 1212 of the Companies Act 2006
Manchester Housc
Grosvenor Hill
Cardigan
Ceredigion
SA43 IHY
Date: .......
Page 10

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Building Preservation Trust
Statement of Financial Activities
lor the YeAr Ended 31 March 2024
31.3.24
Total
funds
31.3.23
Total
nds
Unrestricted
fund
Restricted
fund
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
4,615
4.615
8.487
Charltable activities
Ca5tlc Activities
99,146
99.146
83,811
Other trading activities
Investment incom
388,377
2,706
388.377
2,706
411,814
Total
494,844
494 844
504,223
EXPENDITURE ON
Raising funds
191,967
191,967
209.278
Charitable aetivfides
Casde Activities
258,979
90,180
349.159
335.151
Total
450,946
541,126
544 429
NET INCOMEI(EXPENDITURE}
43,898
(90.180)
(46,282)
(40,206)
RECONCILIATION OF FUNDS
Total funds brought forward
1,034,667
8,366,323
9.400,990
9.441,196
TOTAL FUNDS CARIUED FORWARD
1.078,565
8,276 143
9.354,708
9,400,990
The notes forni part of these financial statements
Pagell

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Building Preservation Trust
Balance Sheet- CoDsolidated
31 Mthreh 2024
31.3.24
Total
nds
31.3.23
Totsl
funds
Unrestricted
fund
Restricted
fund
Notes
FLYED ASSETS
Tangible assets
Heritage assets
14
15
22,018
1,294,657
7,395,363
1,316.675
7,395,363
1,339,746
7.455,251
22,018
8,690,020
,712,038
8,794,997
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
16
17
16,902
62,644
1069,591
16,902
62,644
1069,591
12,638
50.509
1059 129
1,149.137
1,149.137
1.122,276
CREDITORS
Amounts falling due within one year
18
(92,590)
(413,877)
(506,467)
(516,283)
NET CURRENT ASSETS
1056,547
413,877
642,670
605.993
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,078,565
8.276,143
9,354.708
9,400,990
NET ASSETS
1,078,565
8.276.143
9,354,708
9,400,990
FUNDS
Unreslri¢ted ￿ndS
Restricted funds
19
1.078,565
8 276,143
1,034.667
8 366 323
TOTAL FUNDS
9 354,708
9.400 990
The notes forn] part of these financial statements
Page 12
continued...

YmddJriedoAaeth C2dwraeth Adeiladau
Cadivgan Building Preservation Trust
Balance Sheet- Charity
31 March 2024
31.3.24
Total
nds
31.3.23
Total
fimds
Unrcstricted
fund
Restricted
fund
Notes
FIXED ASSETS
TaDgible assets
Heritage assets
14
15
22.018
1,294,657
7,395.363
1,316,675
7,395 363
1,339,746
7.455 251
22,018
8,690.020
8,712,038
8,794.997
CURRLNT ASSETS
Stocks
Dcbtors
Cash at bank and in Iwid
17
34,606
423,559
34,606
423,559
389,573
472,087
458,165
458,165
861.660
CREDITORS
Atnounts falling due within one year
18
(413,877)
(413,877)
(413,877)
NET CURRENT ASSETS
458,165
413 877)
TOTAL ASSETS LESS CURRFNT
LIABILITIES
480.183
8,276,143
8.756,326
9.242,780
ET ASSETS
480,183
8.276.143
8.756,326
9.242.780
FUNDS
Unrestricted fimd5
Restricted ￿ndS
19
480,183
8,276,143
876,457
8.366,323
TOTAL FUNDS
8 756 326
9,242 7110
The notes fonn part of these financial statements
Page l3
continued..

Ymddiriedolaeth Cadjyraeth AdeiladAu
C4dwg2n Building Preservation Trust
Balance Sheet- eontinued
31 March 2024
The charitable Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 31 March 2024.
The members have not deposited llutice, pursuant to Scction 476 of thc Companies Act 2006 Tequiring all audit of these
financial statements.
The trustees acknowledge their rcsponsibilities for
(a)
nsuring that the cbarilable cornpany keeps accounting records that comply with Sections 386 and 387 of the
Companies Aot 2006 and
preparing financial statements which give a trne and fair view of the state of affairs of the charitable company as at
the end of each financial year and of its SULylus 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 Companie5 Act
2006 relating to finanGial statements, so far as applicable to the charitable company.
(b)
These financial statements have been audiled under the requirements of Section 145 of the Charities Act 2011.
These fman¢ial statements have been prepared in accordance with the provisions applicable to charitable componies subject
to the srnall companies regime.
2L-)I:i*......
The financial statements were approved by the Board of Trustees and authorised for issue on .........
nd were signed on its behalf by..
Trust
EN Davies - Trustee
rnstee
CS Hewitt- Tn￿tee
The notes forn] part of these financial statements
Page 14

Ymddiriedolaetb Cadwraeth Adeiladau
Cadwgan Building Preseryation Trust
Cash Flow Statement
or the Year Ended 31 March 2024
31.3.24
31.3.23
Notes
Cash flows from operating actlvities
Cash generated from operations
Net ¢ash provided by operating activities
Cash flows from finvesting Activities
Purchase of tangible fixed assets
Interest received
(14,561)
(19,729)
Net Cash used in investing activities
11,855)
19.618)
Change In cY4sh and cash equivaleDt$ in tbe
reportlng period
Cash and cash equivalents at the beginning
of the reporting perlod
10,462
25,280
645.252
619,972
Casb and cash equivalents At the end of the
reporting perkod
655.714
645 252
The notes forni part of these financial stalem¢nts
Pag¢ 15

YmddArfiedol*eth Cadwraeth Adeiladau
Cadwgan Bullding PreseryAtlon Trust
Notes to the Cash Floiv Statement
for the Year Ended 31 March 2024
RECONCtLIATION OF NET EXPENDITURE TO NLT CASH FLOW FROM OPERATING
ACTivrriEs
31.3.24
31.3.23
Net expenditure for the reporting period (as per the Stydtement or
Financial Ac¢ivities)
Adjustments for:
Depreciation charge5
Interest received
{Increase}Ide¢rease in stocks
Increase in debtors
{Decrease)lincrease in creditors
(46,282)
{40,206)
97,519
(2,706)
(4.264)
(12,135)
9,815
99,633
(iii)
{29,429)
Net CY&5h provided by operAtioDS
ANALYSIS OF CASH AND CASH EQUIVALENTS
31.3.24
31.3.23
Cash in hand
Notice deposits Oe8S than 3 months)
Overdrafis included in bank loans and overdTaft5 falling thie within on¢ year
5.432
1,064,159
413.877
3,317
1.055,812
413 877
Total Cash and Cash equivalents
655 714
645 252
AIYALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
Bank overdraft
1,059.129
413.877
10,462
1,069,591
413,877
645.252
10,462
655,714
Total
645 252
655,714
The notes form part of these financial statements
Page 16

Ymddiriedolaetb Cadwraeth Adeiladau
Cadivgan Bulldlng Preservation Trust
Notes to the Financial Statements
for the Year Ended 31 Mar¢h 2024
AccouNfiNG POLICIES
Basis of preparing the financial statements
The financial statements of thc Lharitable company. which is a public benefit cntity under FRS 102, hav¢ been
prepared in accordance with the Charities SORP (fRS 102) 'Accounting and Reporting by Cbarities.. Ststement of
Recommended PTaclice applicable to char(ties prepaTing iheir accounts in accordance with the Financial Reporting
SLqndard applicable in the UK aDd Republic of Iicland (FRS 102) (effective l January 2019}'. Finuncial Reporting
Standard 102 The Financial Rcporting Standard applicable in thL UK and Republic of Ireland, and the Companics
Act 2006. Thc fmdllcial StateM￿t$ have been prcpared under the historical cost convention.
Preparation uf eonsolidated financial statements
CaTdigan C&8tle Enictprises Limited (a company limited by g￿arant¢C with no share upital) is a wholly owned
subsidiary of Cadwgan Building Preservation Trust. The consolidated accounts incorporate thc iesults of Cadwgan
Building PTes¢rv&lion Trust (thc Charity) and its subsidiary Cardigan C&stle Enterprises Limited. No separate
company Statemcnt of Financial Activities (SOTrA) bas been prepared for the ChaTity 115 permitted by the
Companies Act 2006 and paragrapb 397 of the SORP.
In¢om¢
All income is recognised in the Starement of FinaT]¢ial Activities once the charity has entitlement to the funds, it is
probable that the income will be received and the amount ¢an be measured reliably.
Eipenditure
Liabilities are recognised as expendi￿re as soon as there is a legal or constructive obligation committlng the charity
to that expenditur¢, it is probable that a transfer of economic benefits will be required in settlement and the amount
of tbe obligation can be measured reliably. Expendittwe 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 artributsd to particular
headings they have been allocated to activities on a basis consistent with the use of resources.
Allocation #nd apportionment of costs
Costs are allocated between direct charitAble and trading expendithre according to the nature of the cost.
Tangible fjxed assets
Depreciation is provided at the following annual rates tn order to wrifr off each asset over its estin￿ted useful life.
Frechold property
PlallL and machinery
Fixtures and fittings
not provided
25 % on Icducing balance
25 /0 on cost and 25Q/o on reducing balance
Herilage 8s8ets
Heritage a5scL8 are ihe tangible a8sels of the Charity that are ofhistorical importance and are bcing held to advance
the prLservatinn. consctvation and educational objcclives of thc Charity and thr()ugh publk¢ access conlribule lo the
nation's culture and education.
The castle and its grounds and all subsequent restoration and development expenditure in these assets are considered
to bc heritage assets.
In ￿COrdanCe with the Ttust's accounting policy, the value of the original heritage asset acquired under the lease is
not included within the financial statements as due to the historic and unique nature of the assets concerned,
onventional approaches lack sufficient reliability to give a meaning￿1 value to the asset.
Stocks
Sto¢ks are valued at the lower of cost and net realisable valuc, after making due allowance for obsolete and slow
rnoving iterns.
Page 17
continued...

Ymddiriedolaeth Cadwraeth Adelladau
Cadwgan Building Preservation Trust
Notes to the Financial Statements - continued
for the Year Ended 31 Mirch 2024
ACco￿ING POLICIES - continued
Taxation
The ¢barity is exempt from corpor&tion tax on its charitable activities.
FuDd aecollnting
Unrestricted thnds can be used in accordance with the Charitable objectives at the discretion of the trustses.
Restrirtcd funds can only be uscd for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for p}￿icUlar rcstticled purposes.
Further explanation of the nature and purpose of cach fund is included in the notes to the financial statement5.
Pension costs and other post-retirernent benefits
The charitable company opeTates a defined contribution pension schern¢. Contributions payable to the charitsble
company's pension schcme are charged io ihe Statement of Financial Activities in the period to which they rclate.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
4,615
8,487
OTHER TRADING ACTIVITIES
31.3.24
31.3.23
Shop income
Room hiTe
ReThtal income
F.venls income
1176 incolnc
A￿0￿mOdatiOn
Othcr sales
25,204
37.614
9.000
16,936
40,440
255.877
3.306
24,804
51,843
9.000
42,953
41,673
237,459
388,377
411,814
ll¥lVESTMENT INCOME
31.3.24
31.3.23
Bank ￿COUnt interest
Page 18
continued...

Ymddiriedolaeth Cadwraetb Adeiladau
CadTrYgan Building Preservation Trust
Notes to the Financial Stalements - eontinued
for the Year Ended 31 March 2024
INCOME FROM CHARITABLE ACTIVITIES
31.3.24
31.3.23
Activity
Admissions
Castl¢ Activities
Educational tours and courses Castle Activities
Ceredigion CC grant
Cast]¢ Activitics
90,488
1.608
7.050
82,448
1,363
83,811
RAISING FUNDS
Other trading activities
31.3.24
31.3.23
Purchases
Staff costs
Accommodation expenses
EveDts expenses
Licences and pcrniits
Marketing and publicity
Maintenance and other trading
15,723
40.333
78,259
24,680
2.192
7.212
19,183
45,618
74,308
32,899
896
7.764
28,610
191,967
209.278
CHARrrABLE ACTIVTTtES COSTS
Support
osts (see
note 8)
Direct
Costs
Totals
Castl¢ Activities
340,951
349,159
SUPPOKT COSTS
GovernanG¢
Costs
Management
Other
Totals
Castle Activities
238 237
97,519
340,951
Page 19
continued...

Ymddiriedolaeth C&dwraeth Adeiladau
Cadwgan Buildlng Preservatlon Trust
Notes to the Financial Staternents - continued
for the Year Ended 31 March 2024
NET INCOME/(EXPENDITURE)
Net incomel(exp¢nditure) is stafrd after chargingl(¢rediting):
31.3.24
31.3.23
Auditors, remuneration
Auditors, remuneration for non audit work
Depreciation- tangible
Depreciation - beritage
2.802
2,393
37,632
59,888
2,580
2,200
39,262
60,371
io.
TRUSTEES, REMUNERATION AND BENEFITS
There were no tsus¢ees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended
31 March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
ii.
STAFF COSTS
31.3.24
31.3.23
Wages and salaries
Social security costs
193,340
11.092
200,953
204 432
214 407
No employee received in ex¢¢ss of £60,000.
Staff Categories
The nurnber of staff employed by the charity durAng the year was as follows:
MaThagen]ent
Operational
Finance
13
16
Page 20
continii¢d...

Ymddiriedolgeth Cadwraeth Adeiladau
Cadwgan Bvllding Preservation Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
8,486
8,487
Charitable aetivities
Castle Activities
83.811
83,811
Oth¢r trading activities
Investment income
411,814
411,814
Total
EXPENDITURE ON
Raising funds
209,278
209,278
Charit*ble activities
Castle Activities
240.451
94,700
335,151
Total
94,700
544,429
NET INCOMEI(EXPENDITURE)
54,493
(94,699)
(40.206)
RECONCILIATION OF FUNDS
Total funds brought fonvard
980,173
8,461,023
9,441,196
TOTAL FUNDS CARRIED FORWARD
1,034,666
8 366,324
9 400,990
13.
SUBSIDIARY COMPANY
The charity has a wholly oMry)ed subsidiary Cardigan Castle Ent¢Tprises Ltd, a company limited by guarantee and
incorporated in England and Wales. The ¢ompany carries out trading and comrner¢ial activity with tbe PUTpose of
raising money for donation lo lh¢ charity.
A summary of its fllwjcial Activity is given below:
31.03.24
31.03.23
Turnover
Cost of sales
Overhead
380.984
144,421
404,177
155,896
Nel (defi¢it)Isurplus before donation to the Charity
150034
163 028
Donation to the Chhrity
150,034
163,028
Page21
continued...

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Buildin¥ Preservation TTUSt
Notes to the Finan¢iYdl Slatements- continued
for the Year Ended 31 Margh 2024
14.
TANGIBLE FIXED ASSETS
FixtUTe5
Freehold
property
Plant alld
machinery
rittings
Totals
COST
At l April 2023
Additions
1,274,956
85,834
11.420
1,154.991
3.141
2,5 15.781
14.561
At 31 March 2024
1,274.956
97,254
1,158.132
2.530.342
DEPRECIATION
Ai l April 2023
Charge for year
62,876
8,595
1.113.159
29,037
1,176.035
37,632
At 31 March 2024
71,471
1,142,196
1,213,667
NET BOOK VALUE
At 31 March 2024
1.274,956
25.783
15.936
.316,675
At 31 March 2023
1,274,956
22.958
41,832
1,339,746
Included in cost or valuation of12nd and buildings is frcebold land of £1.274,956 (2023 £1.274.956) which is not
dcpreciated.
FTcchvld property cornpriscs Ty Cadwgan which was acquired by the charity in 2014-15 and also Ty Castell which
was acquired by the charity in 2011-12 and improvements to thesc properties. No depreciation is bcing charged on
these properties. a.8 th¢ trustees consider the expected residual values to be sufficicntly high to deem depreciation
immaterial.
Included in tsngible assets are fixtures and fittings held by the subsidiary company> Cardigan Castle Enterprise Ltd
with a net book value of nil (2023 - nil)
Page 22
continued...

Ymddirieilo19etb CAdwraeth Adeiladau
Cadwgan Bulldlng Preservation Trust
Noles to the Financial Statements- continued
for the Year Ended 31 Mthrch 2024
15.
HERITAGE ASSETS
Total
COST
At l April 2023
Restoration work dotle in the year
8,009,008
At 31 March 2024
8,009,008
DEPRECIATION
At l April 2023
Depreciation charge for the year
553,757
59.888
At 31 March 2024
613,645
NET BOOK VALUE
At 31 March 2024
7,395.363
At 31 March 2023
7.455,251
The heritage assets consist of the costs of restoration works to the castle buildings and its grounds.
Cardigan Castle and its grounds arc leased to Cadwgan Building Preservation Trust for 125 years effective from
Febnjary 2013. The cost of the acquisition of the lease is nil. An open market valuation is impractical and
onventional valuation techniques cannot be applied.
Depreciation is provided to amortise the improvement expenditure over the tenn of the lease (125 years).
16.
STOCKS
31.3.24
31.3.23
Stocks
16,902
12,638
Page 23
continued...

Ymddiriedolaeth Cadwraeth Adeilad2U
Cadwgan BuildiDg Pre5¢rvalion Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
17.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
31.3.24
31.3.23
Group
31,021
19,559
Group
23,659
14,618
Charity
Charity
Trade debtors
Oth¢r debtotE
VAT
Prepayments
Cardigan Castle Enteryirises
19,559
14,618
12.064
12,232
12,064
12,232
2,983 362,723
62,&44
50,509
34,606 389,573
18.
CREDITORS: AMOUNTS FALLING DUE WITHif4 ONE YEAR
31.3.24 31.3.23
31.3.24
31.3.23
Group
Group
41,324 45,100
46.175 52,488
5.090
4,818
413.877 413,877
Charity
Charity
Other Creditors
Accrued expenses
VAT
Bank
413,877 413,877
506,466 516.283
413,877 413,877
19.
MOVEMENT IN FUNDS
Net
movement
in fvnds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
1.034,667
43,898
1,078,565
Restrieted (unds
Restricted
8,366.323
{90.180)
8,276,143
TOTAL FUNDS
9.400,990
46.282)
9 354 708
Page 24
continued...

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Buildiug Preservation Trust
Notes to the Financial Staternentx - eontinued
for th¢ Year Ended 31 March 2024
19.
MOVEMEI¥4T IN FUNDS- contfinlled
Net movement in fl￿ds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in fi￿dS
Unre5trieted funds
General fund
494,844
(450.946)
43,898
Restricted funds
Re5trRcted
(90,180)
(90,180)
TOTAL FUNDS
494,844
541 126)
46.282
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrlcted funds
General fund
980,173
54,494
1.034,667
R¢stricted funds
RestriLted
8.461,023
(94.700)
8,366.323
TOTAL FUNDS
9,441196
40.206
9,400 990
Comparative net movement in ￿nds, included in th¢ above are as follow5:
Incoming
iesources
Resources
expended
Movernent
in funds
Unrestricled funds
General fund
504,222
(449,728)
54,494
Restricted funds
Restricted
(94,701)
(94,700)
TOTAL FU24DS
504.223
544,429)
Page 25
ontinued..

Ymddiriedolaeth Cadwraeth Adeiladau
Cadwgan Building Preservation Trust
Notes to the Financial Statement5 - continued
for the Year Ended 31 March 2024
19.
MOVEMEP4T IN FUNDS - continlled
A current year 12 months and prior year 12 TnoThths combined position is follows..
Net
movemenl
in ftmds
At
31.3.24
At 1.4.22
Unrestricted funds
General fimd
980.173
98,392
1,078,565
Restritted funds
Restricted
8,461,023
(184.880)
8,276,143
TOTAL FUNDS
9,441,196
86,488
9.354,708
A ¢urrent year 12 months and prior year 12 months combined net movement in funds, included in the above are as
follows:
Incoming
resources
Resources
expended
Movement
in funds
Uurestricted funds
General fund
999,066
(900,674)
98,392
Restricted funds
Restricted
(184,881)
(184,880)
TOTAL FUNDS
999 067
(1085 555}
20.
RELATED PARTY DISCLOSURES
There were no relatcd paty transactions for the year ended 31 March 2024.
FRC ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES
21.
In Gommon with many other businesses of our size and nature we use our &uditOTS to prepare and submit retun￿ to
the tsx authorities and assist with the preparation of the fllmncial statements.
22.
cO￿G CONCERN
These financial statements are PT¢pared on thc going concern basis.
Page 26
continued..

Ymddiriedolaeth Cadwraeth Adeilada
Cadwgan Building Preservatlon Trusl
Detail¢d Statement Df Financial Activities
for the Year Ended 31 Mydrch 2024
31.3.24
31.3.23
INCOME AND ENDOWMENTS
Donations and legacies
Donations
4.615
8,487
Other trading activities
Shop income
Room hiTe
Rental incoTne
EvL￿tS income
1176 incotnc
Accomrnodation
Othcr sales
25,204
37,614
9,000
16,936
40.440
255,877
3.306
24.804
51,843
9,000
42,953
41.673
237.459
4.082
388.377
411,814
Investhient iDcome
Bank account interest
2,706
iii
Charfitable 4¢tivitles
Admissions
Educational tours and courses
Cer¢digion CC bTant
90,488
1,608
7,050
82,448
1.363
Total intomlng resour¢es
494,844
504,223
EXPENDITURE
Other tradlng activities
Purchascs
Wages
Social security & Pension cost
Accomrnodation expenses
Evenis expenscs
Licences and perniits
Marketing and publicity
Maintenancc and other trading
15,723
38.676
1.657
78.259
24,680
2.192
7,212
19.183
43,894
1.724
74,308
32,899
896
7.764
28.610
191.967
209,278
Charitable &ctivltles
Professional fees
Carried forward
1,792
1.792
2,222
2,222
This page does not forni part of the Sta￿tOry financial glatemcnts
Page 27

Ymddiriedolaeth CadwrY4eth Adeiladau
Cgdwgan Building PTes¢rvation Trust
Detailed Statement of Financial Activttics
for the Year Ended 31 March 2024
31.3.24
31.3.23
Charitable actlvities
Brought forward
Repairs and renewals
Gardening expenses
1,792
1,807
2,222
1,341
1,385
8,208
4,948
Support costs
Managemellt
Wages
Social Sccurity & P¢nsion C05t
Rates and water
Insurance
Light and heat
Office Costs
Cleaning and waste disposal
Staff recruith]ent and training
Travel and subsistence
Bank charges
Legal and professional costs
Credit card Charges
154,664
9,434
5,471
10,311
40,672
8,195
2,064
1,326
1,622
686
1,275
157,059
11,730
5,115
9,594
23,133
8,659
2,180
250
1,479
677
1.485
238,237
225,790
Other
Deprcciatiun of tangible assets
Depreciation of heritagc assets
37,631
59,888
39,262
60.371
97,519
99,633
Governanee costs
Audilors. remuneration
Auditors, remuneration for non audil work
2,802
2,580
2.200
5,195
Total resources expended
541 126
544,429
Net expenditure
46,282
+cadw
{ 111 I)11￿.)¥
This page does not forn] part of the statutory financial statements
Pagc 28