2025-03-31-accounts - Menai Bridge Community Heritage Trust Ltd

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details

Menai Bridge Community Heritage Trust Limited

Registered charity name Charity registration number 1082013 Company registration number 03469982 Principal office and registered Canolfan Thomas Telford office Mona Road Menai Bridge Anglesey LL59 5EA

The trustees

John Cole Gareth Jones Kerry Evans Benjamin Poulton Jennifer Porter Jamie Roberts Lowri Rees (Appointed 19 June 2024) Marc Collinson (Appointed 19 June 2024) Robert Borsley (Appointed 19 June 2024) Peter Alexander (Appointed 19 June 2024) Company secretary Fiona Warburton Independent examiner Buddug Ritchie FCCA

Structure, governance and management

Menai Bridge Community Heritage Trust Limited is a charitable company limited by guarantee, incorporated on 24 November 1997 and registered as a charity on 14 August 2000. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.

Trustees are recruited as and when necessary to maintain the boards' strength and range of expertise and experience. Suitable candidates are usually invited from among the Trust's existing volunteers cohort or established supporters.

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Objectives and activities

The Trust's charitable purposes are three-fold and it is able to raise funds to pursue them

 Advancement of education
 Advancement of heritage
 Preservation of historic buildings

The aims and objectives, set out in the Forward Plan, focus on the interpretation of the historical, architectural and constructional heritage of bridges and buildings in and around Menai Bridge and relate them to the social, economic and environmental history of the Menai Strait and surrounding area.

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Achievements and performance

Since its foundation in 1997, the Trust has received considerable support through the years from many skilled and dedicated volunteers and Trustees. They successfully raised the funds to buy the Old School, now known as Canolfan Thomas Telford Centre, to create a base for the advancement of education and heritage, which celebrates, interprets and disseminates knowledge about the innovative bridge building achievements on the Menai Strait and their impact on the surroundings.

The development of a fully accredited Bridges Museum open during school holidays in the Thomas Telford Centre has resulted in a whole variety of community events. From work starting in Autumn 2023 to replace the hangers on the Menai Suspension Bridge the Trust has provided facilities for the Spencer Bridge Engineering and UK Highways A55 to hold engagement and information Drop-In meetings with the local community.

The Lions of Britannia Bridge / Llewod Pont Britannia, a full set of four children's bilingual books planned and managed by volunteers were completed, published and launched at the Llyn ac Eifionydd National Eisteddfod in August. The books have a strong STEM theme and aimed at children in KS2 (ages 7-10).

We also put on a series of Autumn Talks on a variety of local history subjects.

Donations and income

The Trust continues to receive regular income from hall hire to local community groups and for organisations' special events, and has received a number of small one-off donations including sponsorship from Cadarn Consulting and the Spencer Group, who are maintaining the Menai Bridge.

In addition, we have received £5,500 from Mott MacDonald, Ymgynghoriaeth Gwynedd Consultancy (YGC), UK Highways Limited and Equitix, and Cadarn Consulting to produce a four book bilingual series featuring the Lions of Britannia Bridge was released in Summer 2023. Trustees continue to seek new sources of regular income and donations, and note that income will need to increase longer term to reflect increases in fixed operating costs.

Activities and Volunteer Achievements

The Trust has delivered a number of bridge building workshop programmes for local Primary schools and continues to hold walks and talks on the History of the Menai Strait and Bridges. Throughout the year the Centre has been the hub for community engagement updating events related to the developing work on the Bridges. The facilities have continued to be hired for a broad range of regular community activities including Zumba; yoga; Tai Chi; Alcoholics Anonymous, home education group and Unitarian Church. We also continue to offer a facility for groups to hire for meetings, events and training. During this year, the hall has been hired by training providers, fundraising events, a wedding, as a cycle tour rest stop, the Welsh Historic Garden Trust and the Allotment Society among others. We also hosted GAT (Gwynedd Archaeological Trust) for their popular talk series.

A highlight of the year for our volunteers was the launch of the Lions of Britannia Bridge books at the National Eisteddfodd in August 2023.

Forward Look

Trustees continued to engage with stakeholders and supporters to assist with the implementation of the revised Forward Plan. Anniversary celebrations for Britannia Bridge in 2025 and Menai Bridge in 2026 will raise the profile of the Museum and create new opportunities to raise funding, and also

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

attract new trustees and volunteers. The Trustees focused on organisational sustainability and organic growth and no major projects were undertaken. The Trust continued to maintain its charitable purposes and objectives, and worked toward to renewing its Accreditation during 2024.

Financial review

The Trustees are aware that increases in fixed costs against a decline in grant income and donations requires careful management to ensure that current assets are sufficient to ensure continuation of the activities of the organisation.

Risk management

The Trustees are responsible for assessing the risks faced by the Trust and undertake a formal review of the charity's risk management process on a regular basis. This includes regular reviews of existing policies and procedures and creation and adoption of new ones e.g. GDPR.

Risk is managed under the headings of financial sustainability, the safety of employees, volunteers and users within the Centre and during outside activities as well as damage and theft of heritage assets. Through the risk management processes, the Trustees are satisfied that the major risks identified have been adequately mitigated. It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Kerry Evans Trustee

Draft Accounts

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17:47 on 17 November 2025

COMPANY REGISTRATION NUMBER: 03469982 CHARITY REGISTRATION NUMBER: 1082013

Menai Bridge Community Heritage Trust Limited Company Limited by Guarantee Unaudited Financial Statements 31 March 2025

DRAFT ACCOUNTS

PARKER O'REGAN TANN & CO

Chartered Certified Accountants Bangor Business Centre 2 Farrar Road Bangor Gwynedd LL57 1LJ

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Financial Statements

Year ended 31 March 2025

	Page
Trustees' annual report (incorporating the director's report)	1
Independent examiner's report to the trustees	5
Statement of financial activities (including income and
expenditure account)	6
Statement of financial position	7
Notes to the financial statements	8
The following pages do not form part of the financial statements
Detailed statement of financial activities	20
Notes to the detailed statement of financial activities	22

Draft Accounts

17:47 on 17 November 2025

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details

Registered charity name Menai Bridge Community Heritage Trust Limited

Charity registration number 1082013 Company registration number 03469982 Principal office and registered Canolfan Thomas Telford office Mona Road Menai Bridge Anglesey LL59 5EA

The trustees

Structure, governance and management

Draft Accounts

17:47 on 17 November 2025

- 1 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Objectives and activities

The Trust's charitable purposes are three-fold and it is able to raise funds to pursue them

Advancement of education
Advancement of heritage
Preservation of historic buildings

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Draft Accounts

17:47 on 17 November 2025

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Achievements and performance

We also put on a series of Autumn Talks on a variety of local history subjects.

Donations and income

Activities and Volunteer Achievements

A highlight of the year for our volunteers was the launch of the Lions of Britannia Bridge books at the National Eisteddfodd in August 2023.

Forward Look

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Financial review

Risk management

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:

Kerry Evans Trustee

Draft Accounts

17:47 on 17 November 2025

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Independent Examiner's Report to the Trustees of Menai Bridge Community Heritage Trust Limited

Year ended 31 March 2025

I report to the trustees on my examination of the financial statements of Menai Bridge Community Heritage Trust Limited ('the charity') for the year ended 31 March 2025.

Responsibilities and basis of report

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Independent examiner's statement - matter of concern identified

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Buddug Ritchie FCCA Independent Examiner Parker O'Regan Tann & Co Bangor Business Centre 2 Farrar Road Bangor Gwynedd LL57 1LJ

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Total funds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	14,176	–	14,176	5,956
Other trading activities	6	15,911	–	15,911	21,892
Other income	7	680	–	680	360
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income		30,767	–	30,767	28,208
		৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Expenditure on raising funds:
Costs of other trading activities	8	7,788	–	7,788	12,629
Expenditure on charitable activities	9	18,993	–	18,993	17,636
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure		26,781	–	26,781	30,265
		৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Net income/(expenditure) and net
movement in funds		3,986	–	3,986	(2,057)
		৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Reconciliation of funds
Total funds brought forward		14,048	286,176	300,224	302,281
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total funds carried forward		18,034	286,176	304,210	300,224
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 8 to 18 form part of these financial statements.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£	£	£
Fixed assets
Tangible fixed assets	14		292,364	292,437
Current assets
Stocks		3,890		4,604
Debtors	16	4,797		4,023
Cash at bank and in hand		4,658		4,009
		ৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄ
		13,345		12,636
Creditors: amounts falling due within one year	17	1,499		4,849
		ৄৄৄৄৄৄৄৄ		ৄৄৄৄৄৄৄৄ
Net current assets			11,846	7,787
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total assets less current liabilities			304,210	300,224
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets			304,210	300,224
			৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Funds of the charity
Restricted funds			286,176	286,176
Unrestricted funds			18,034	14,048
			ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Total charity funds	21		304,210 ৶৶৶৶৶৶৶৶৶	300,224 ৶৶৶৶৶৶৶৶৶

For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:

Kerry Evans Trustee

The notes on pages 8 to 18 form part of these financial statements.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is Canolfan Thomas Telford, Mona Road, Menai Bridge, Anglesey, LL59 5EA.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets and investments measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. The entity is a small charity and as such, the exemption available under section 1 of FRS 102 with regard to presenting a Cash Flow Statement has been taken.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Fund accounting

Unrestricted funds comprise accumulated surpluses and deficits on the general funds that are available for use at the discretion of the trustees in furtherance of the general objects of the charity and have not been designated for other purposes.

Restricted funds are funds that are to be used in accordance with specific restrictions imposed by donors.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:

Donations and legacy income is received by way of donations, gifts and grants and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.

Donated services and facilities are included at the value to the charity, being the amount the charity would have been willing to pay to obtain services or facilities where the value can be quantified. The value of services provided by volunteers has not been included.

Items donated for resale through the charity's shop are included as incoming resources within activities for generating funds when they are sold.

Incoming resources from grants are credited to government grants. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Incoming resources from the charity shop and other trading income is included in the year in which it is receivable.

Investment income is included in the year in which it is receivable.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Costs of raising funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.

Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource.

Tangible assets

All fixed assets are initially recorded at cost less accumulated depreciation. The cost for minor additions are not capitalised.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Equipment

12% straight line

No depreciation has been provided on the land and freehold property. An assessment of the net realisable value of the property at historic cost has been undertaken. On the basis that the property will be well maintained and such repair cost will be charged to the income statement, it is the view of the trustees that the net realisable value equates to cost. On the basis of the above, no charge is necessary as it would be immaterial.

Since no depreciation is charged on freehold property this is not in accordance with the Companies Act 2006 and FRS 102.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Heritage assets

a) Nature and scale of the collection

Menai Bridge Community Heritage Trust holds a collection of heritage assets that relate to the historical, environmental, architectural and constructional heritage of the Menai Strait and of the communities and buildings in and around the local area.

The Trust's heritage assets are held mainly at Canolfan Thomas Telford and records of the assets are available to view at the centre.

The collection consists of metal, wood and other artefacts, pictures, post cards and documents from, or relating to, the two Menai bridges, the Holyhead Road and the social and cultural heritage of the area. It also includes some audio material.

b) Policies on acquisitions, preservation, management and disposal

Acquisition

Acquisitions are primarily by donation or long term loan. However, on the rare occasion when a particularly important asset is available which meets the Trust's collection criteria and objectives, the trust may undertake to purchase the asset.

Preservation and management

The trust has a duty of care for the heritage assets and to make them available for the enjoyment and education of the public as far as possible, commensurate with their long term care and preservation.

Assets are collated, preserved and managed to the highest possible standards commensurate with the Accreditation status, and the catalogues are made available as widely as possible to facilitate all enquiries and requests for information, subject to appropriate security and data protection guidelines.

Disposal

The assets in the collection cannot generally be disposed by the trust. Therefore the trustees' power to de-accession from the collection whether by sale, exchange, or gift is limited and there is a strong legal presumption against this. Detail of the trust's Collection Policies (including disposal) can be obtained from Canolfan Thomas Telford in core documents.

c) Heritage assets not recognised on the balance sheet

The trust does not consider that accurate cost or valuation information can be obtained for the donated items. This is because of the diverse nature of the assets held and lack of comparable market values. These items are therefore not included on the statement of financial position.

However, values have been attributed to all items in the collection although in many cases this is a nominal value based on the cost or value of the materials used, or the estimated cost of, for example, making recordings. Where objects similar to collection items might be saleable on platforms such as eBay, that information may be used in making a valuation.

There have been very few heritage assets that have been purchased of material value. It is the

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

policy of the trust not to capitalise these assets. These are in effect inalienable, held in perpetuity, and are mostly irreplaceable.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

3. Accounting policies (continued)

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

4. Limited by guarantee

Menai Bridge Community Heritage Trust Limited is a company limited by guarantee and accordingly does not have share capital.

Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of it being wound up while he or she is a member, or within one year after he or she ceases to be a member.

Draft Accounts

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Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

5. Donations and legacies

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Donations
	Donations	9,016	9,016	3,090	3,090
	Gifts
	Gift aid	–	–	7	7
	Grants
	Grants receivable	2,856	2,856	2,859	2,859
	Sponsorship
	Sponsorship	2,304	2,304	–	–
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
		14,176	14,176	5,956	5,956
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
6.	Other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Exhibition income	595	595	933	933
	Shop income	1,782	1,782	2,176	2,176
	Hire of hall	10,534	10,534	10,233	10,233
	St George's Pier Gatehouse sublet	3,000	3,000	3,000	3,000
	Contribution towards children's book	–	–	5,550	5,550
		ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		15,911	15,911	21,892	21,892
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Other income	680	680	360	360
		৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶
8.	Costs of other trading activities
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Shop costs	912	912	937	937
	Canolfon Thomas Telford costs	6,876	6,876	6,242	6,242
	Children's book costs	–	–	5,450	5,450
		ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
		7,788	7,788	12,629	12,629
		৶৶৶৶৶৶৶	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 14 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

9. Expenditure on charitable activities by fund type

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2025	Funds	2024
		£	£	£	£
	Support costs	18,993	18,993	17,636	17,636
		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
10.	Net income/(expenditure)
	Net income/(expenditure) is stated after charging/(crediting):
				2025	2024
				£	£
	Depreciation of tangible fixed assets			73	77
				৶৶৶৶	৶৶৶৶
11.	Independent examination fees
				2025	2024
				£	£
	Fees payable to the independent examiner for:
	Independent examination of the financial statements			1,560	1,518
	Other financial services			662	807
				ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
				2,222	2,325
				৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as follows:

Wages and salaries

2025	2024
£	£
10,405	9,712

The average head count of employees during the year was 2 (2024: 2). The average number of full-time equivalent employees during the year was 0.5 (2024: 0.5).

No employee received employee benefits of more than £60,000 during the year (2024: Nil).

13. Trustee remuneration and expenses

No trustee received remuneration during the year. No trustee received reimbursement costs.

Draft Accounts

17:47 on 17 November 2025

- 15 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

14. Tangible fixed assets

	Land and
	buildings	Equipment	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	292,118	24,314	316,432
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Depreciation
At 1 April 2024	–	23,995	23,995
Charge for the year	–	73	73
	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
At 31 March 2025	–	24,068	24,068
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
Carrying amount
At 31 March 2025	292,118	246	292,364
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
At 31 March 2024	292,118	319	292,437
	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

15. Heritage assets

Heritage assets five year summary - assets not included in the statement of financial position

Apr 20 - Mar 21 Donations £123.50 Purchases £0 Total £123.50

Apr 21 - Mar 22 Donations £489.00 Purchases £0 Total £489.00

Apr 22 - Mar 23 Donations £0 Purchases £0 Total £0

Apr 23 - Mar 24 Donations £0 Purchases £0 Total £0

Apr 24 - Mar 25 Donations £0 Purchases £0 Total £0

Because of the diverse nature of the assets held and lack of comparable market values these items have therefore not been included in the statement of financial position.

16. Debtors

	2025	2024
	£	£
Trade debtors	4,797	4,023
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 16 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

17. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	313
Accruals and deferred income	1,444	4,532
Social security and other taxes	48	–
Other creditors	7	4
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	1,499	4,849
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶
Deferred income
	2025	2024
	£	£
At 1 April 2024	2,856	5,553
Amount released to income	–	(8,409)
Amount deferred in year	(2,856)	5,713
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
At 31 March 2025	–	2,857
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶

18. Deferred income

19. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £37 (2024: £32).

20. Government grants

The amounts recognised in the financial statements for government grants are as follows:

				2025	2024
				£	£
Recognised in creditors:
Deferred government grants due within one year				–	2,857
				৶৶৶৶	৶৶৶৶৶৶৶
Analysis of charitable funds
Unrestricted funds
					At
		At		31	March 202
	1 April	2024	Income	Expenditure	5
		£	£	£	£
General funds	14,048		30,767	(26,781)	18,034
	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
					At
		At		31	March 202
	1 April	2023	Income	Expenditure	4
		£	£	£	£
General funds	16,105		28,208	(30,265)	14,048
	৶৶৶৶৶৶৶৶		৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶

21. Analysis of charitable funds

Draft Accounts

17:47 on 17 November 2025

- 17 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

21. Analysis of charitable funds (continued)

Restricted funds

Restricted funds
					At
		At			31 March 202
	1	April 2024	Income	Expenditure	5
		£	£	£	£
Restricted Fund		286,176	–	–	286,176
		৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶
					At
		At			31 March 202
	1	April 2023	Income	Expenditure	4
		£	£	£	£
Restricted Fund		286,176	–	–	286,176
		৶৶৶৶৶৶৶৶৶	৶৶৶৶	৶৶৶৶	৶৶৶৶৶৶৶৶৶

There has been no movement on restricted funds during the year ended 31 March 2024.

22. Analysis of net assets between funds

	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Tangible fixed assets	246	292,118	292,364
Current assets	13,345	–	13,345
Creditors less than 1 year	(1,499)	–	(1,499)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets	12,092	292,118	304,210
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Tangible fixed assets	319	292,118	292,437
Current assets	12,636	–	12,636
Creditors less than 1 year	(4,849)	–	(4,849)
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄৄ
Net assets	8,106	292,118	300,224
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 18 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Management Information

Year ended 31 March 2025

The following pages do not form part of the financial statements.

Draft Accounts

17:47 on 17 November 2025

- 19 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities

Year ended 31 March 2025

	2025	2024
	£	£
Income and endowments
Donations and legacies
Donations	9,016	3,090
Gift aid	–	7
Grants receivable	2,856	2,859
Sponsorship	2,304	–
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	14,176	5,956
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Other trading activities
Exhibition income	595	933
Shop income	1,782	2,176
Hire of hall	10,534	10,233
St George's Pier Gatehouse sublet	3,000	3,000
Contribution towards children's book	–	5,550
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	15,911	21,892
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Other income
Other income	680	360
	ৄৄৄৄ	ৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total income	30,767	28,208
	৶৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure
Costs of other trading activities
Opening stock	4,604	3,854
Purchases	198	1,687
Closing stock	3,890	4,604
Other office costs	6,876	6,242
Special event cost	–	5,450
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	7,788	12,629
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Expenditure on charitable activities
Wages and salaries	10,405	9,712
Pension costs	37	32
Caretaker and cleaning	3,063	2,507
Accountancy fees	3,585	3,463
Depreciation	72	74
Other office costs	781	700
Prince's Pier contribution	1,050	1,148
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	18,993	17,636
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Total expenditure	26,781 ৶৶৶৶৶৶৶৶	30,265 ৶৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 20 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Detailed Statement of Financial Activities (continued)

Year ended 31 March 2025

Net income/(expenditure)

2025 2024 £ £ ৄৄৄৄৄৄৄৄ ৄৄৄৄৄৄৄৄ 3,986 (2,057) ৶৶৶৶৶৶৶৶ ৶৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 21 -

Menai Bridge Community Heritage Trust Limited

Company Limited by Guarantee

Notes to the Detailed Statement of Financial Activities

Year ended 31 March 2025

	2025	2024
	£	£
Costs of other trading activities
Shop costs
Shop costs opening stock	4,604	3,854
Shop costs purchases	198	1,687
Shop costs closing stock	(3,890)	(4,604)
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
	912	937
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Canolfon Thomas Telford costs
Canolfan Thomas Telford costs	6,876	6,242
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄ
Children's book costs
Children's book costs	–	5,450
	ৄৄৄৄ	ৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Costs of other trading activities	7,788	12,629
	৶৶৶৶৶৶৶	৶৶৶৶৶৶৶৶
Expenditure on charitable activities
Governance costs
Wages and salaries	10,405	9,712
Employer pension	37	32
Other establishment costs	3,063	2,507
Accountancy fees	2,222	2,325
Professional fees	1,363	1,138
Depreciation	72	74
Other office costs	781	700
Prince's Pier contribution	1,050	1,148
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	18,993	17,636
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
	ৄৄৄৄৄৄৄৄ	ৄৄৄৄৄৄৄৄ
Expenditure on charitable activities	18,993 ৶৶৶৶৶৶৶৶	17,636 ৶৶৶৶৶৶৶৶

Draft Accounts

17:47 on 17 November 2025

- 22 -

Menai Menai Bridge Bridge Community Community Heritage Heritage Trust Trust Limited Limited

Company Company Limited Limited by by Guarantee Guarantee Trustees' Trustees’ Annual Annual Report Report (Incorporating (Incorporating the the Director's Director's Report) Report) (continued) (continued) Year Year ended ended 31 31 March March 2025 2025

Achievements Achievements and and performance performance

Since Since its its foundation foundation in in 1997, 1997, the the Trust Trust has has received received considerable considerable support support through through the the years years from from many many skilled skilled and and dedicated dedicated volunteers volunteers and and Trustees. Trustees. They They successfully successfully raised raised the the funds funds to to buy buy the the Old Old School, School, now now known known as as Canolfan Canolfan Thomas Thomas Telford Telford Centre, Centre, to to create create a a base base for for the the advancement advancement of of education education and and heritage, heritage, which which celebrates, celebrates, interprets interprets and and disseminates disseminates knowledge knowledge about about the the innovative innovative bridge bridge building building achievements achievements on on the the Menai Menai Strait Strait and and their their impact impact on on the the surroundings. surroundings.

The The development development of of a a fully fully accredited accredited Bridges Bridges Museum Museum open open during during school school holidays holidays in in the the Thomas Thomas Telford Telford Centre Centre has has resulted resulted in in a a whole whole variety variety of of community community events. events. From From work work starting starting in in Autumn Autumn 2023 2023 to to replace replace the the hangers hangers on on the the Menai Menai Suspension Suspension Bridge Bridge the the Trust Trust has has provided provided facilities facilities for for the the Spencer Spencer Bridge Bridge Engineering Engineering and and UK UK Highways Highways A55 A55 to to hold hold engagement engagement and and information information Drop-ln Drop-In meetings meetings with with the the local local community. community.

The The Lions Lions of of Britannia Britannia Bridge Bridge / / Llewod Llewod Pont Pont Britannia, Britannia, a a full full set set of of four four children's children's bilingual bilingual books books planned planned and and managed managed by by volunteers volunteers were were completed, completed, published published and and launched launched at at the the Llyn Llyn ac ac Eifionydd Eifionydd National National Eisteddfod Eisteddfod in in August. August. The The books books have have a a strong strong STEM STEM theme theme and and aimed aimed at at children children in in KS2 KS2 (ages (ages 7-10). 7-10). We We also also put put on on a a series series of of Autumn Autumn Talks Talks on on a a variety variety of of local local history history subjects. subjects.

Donations Donations and and income income

The The Trust Trust continues continues to to receive receive regular regular income income from from hall hall hire hire to to local local community community groups groups and and for for organisations' organisations’ special special events, events, and and has has received received a a number number of of small small one-off one-off donations donations including including sponsorship sponsorship from from Cadarn Cadarn Consulting Consulting and and the the Spencer Spencer Group, Group, who who are are maintaining maintaining the the Menai Menai Bridge. Bridge. In In addition, addition, we we have have received received 25,500 £5,500 from from Mott Mott MacDonald, MacDonald, Ymgynghoriaeth Ymgynghoriaeth Gwynedd Gwynedd Consultancy Consultancy (YGC), (YGC), UK UK Highways Highways Limited Limited and and Equitix, Equitix, and and Cadarn Cadarn Consulting Consulting to to produce produce a a four four book book bilingual bilingual series series featuring featuring the the Lions Lions of of Britannia Britannia Bridge Bridge was was released released in in Summer Summer 2023. 2023. Trustees Trustees continue continue to to seek seek new new sources sources of of regular regular income income and and donations, donations, and and note note that that income income will will need need to to increase increase longer longer term term to to reflect reflect increases increases in in fixed fixed operating operating costs. costs.

Activities Activities and and and Volunteer Volunteer Achievements Achievements

The The Trust Trust has has delivered delivered a a number number of of bridge bridge building building workshop workshop programmes programmes for for local local Primary Primary schools schools and and continues continues to to hold hold walks walks and and talks talks on on the the History History of of the the Menai Menai Strait Strait and and Bridges. Bridges. Throughout Throughout the the year year the the Centre Centre has has been been the the hub hub for for community community engagement engagement updating updating events events related related to to the the developing developing work work on on the the Bridges. Bridges. The The facilities facilities have have continued continued to to be be hired hired for for a a broad broad range range of of regular regular community community activities activities including including Zumba; Zumba; yoga; yoga; Tai Tai Chi; Chi; Alcoholics Alcoholics Anonymous, Anonymous, home home education education group group and and Unitarian Unitarian Church. Church. We We also also continue continue to to offer offer a a facility facility for for groups groups to to hire hire for for meetings, meetings, events events and and training. training. During During this this year, year, the the hall hall has has been been hired hired by by training training providers, providers, fundraising fundraising events, events, a a wedding, wedding, as as a a cycle cycle tour tour rest rest stop, stop, the the Welsh Welsh Historic Historic Garden Garden Trust Trust and and the the Allotment Allotment Society Society among among others. others. We We also also hosted hosted GAT GAT (Gwynedd (Gwynedd Archaeological Archaeological Trust) Trust) for for their their popular popular talk talk series. series.

A A highlight highlight of of the the year year for for our our volunteers volunteers was was the the launch launch of of the the Lions Lions of of Britannia Britannia Bridge Bridge books books at at the the National National Eisteddfodd Eisteddfodd in in August August 2023. 2023.

Forward Forward Look Look

Trustees Trustees continued continued to to engage engage with with stakeholders stakeholders and and supporters supporters to to assist assist with with the the implementation implementation of of the the revised revised Forward Forward Plan. Plan. Anniversary Anniversary celebrations celebrations for for Britannia Britannia Bridge Bridge in in 2025 2025 and and Menai Menai Bridge Bridge in in 2026 2026 will will raise raise the the profile profile of of the the Museum Museum and and create create new new opportunities opportunities to to raise raise funding, funding, and and also also

Draft Draft Accounts Accounts -3-317:47 17:47 on on 17 17 November November 2025 2025