R•gl¥ivred number. 04322101 Charity numb•r: 1091097 LLANFYLLIN DOLYDD BUILDING PRESERVATION TRUST UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 WR Partners Protecting your future. LLANFYLUN DOLYDD BUILDING PRESERVATION TRUST Company Llmltsd by GuaraJrt•e} Page R•f•rence and Admlnt•trntivo Detaih of th• Charttable c<>rnpany. Its TN¥tO0¥ *nd Advb•er¥ TnJ•tsM' R•port Independent ExAmln•rfa R•port St•lgmenl of Fln•nr141 Artfvitlgs 9-10 B•l4ne• Sh••t 12- 13 to tha Flnanclal 8tatsm•nts 14-27 LLANFYLUN DOLYDD 8UILDWG PRESÉRVAIION TRUST IA CthwAny Llmli¥d by Gu•r¥rrt••l" REFERENGE AMD AOMINISTRATfvE DETAILS OF THE CHARITABLE COMPANY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 NOVEMBER 2023 Daniel Llywetyn Hall. Chair 22 Januay 2022 Michael Cape, Chaii to 22 January 2024 Jean Ca Jane Carringlcn ICTroptedl (resigned 9A￿￿512￿29} John Davis lappc4nted g Awust 20231 Rthard Dix suzan￿ D)Irt Alan Eddy Jes&ca Evans{w￿nt￿ 9 ALvw8¢ 20231 John Hain5WDrth Nicholas Henson Finnwla Iwn G8raint Jen•s Iresyrnd 24 20231 Matthew Kefvie (re9u￿d 25 June 20231 Davld Tudor lappolnled 9 A￿$t 2C*231 Jaek Wardén lappint•J 9 August 20231 Darren William$1opwnted 9 AL4USI 2023, re*r*O 28 Novernber 20231 v￿or1# Z31*)rik ompiny r•gl•t•r•d nurnbgr 04322101 Ch•rlty rngl•ter*d number 1091097 R•ght•r•d offlc• The w0th1b￿￿e Powys SY22 SLE cOm￿nY ••¢r•t4ry B￿nn￿ C*)IrnBn Aeeountsnts WR Partnern Charte￿d Ac£wntantS ed￿r￿t House Shre￿tsUry Bu5w*s P Shrewsbury shrop51w.re SY2 6LG Bankern CAF Bank 25 Kin9s Hal Avenue Kings H￿1 West Malling P8ge 1 LLANFYLLIN DOLYDD BUILDING PPESERVATION TRUST . IA Company Lknltsd by Gu•r•nts•l TRUSTEES, REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 The Trustees present their annual report tcmjether ￿ryth the finanaal statements ol the charitab￿ rA)mpany lor the year 1 December 2￿2 to 30 Nov8rnber 2￿23 Anntsal RerAYt serves the purp)ses of b)Ih a Tru5tees' report and a directors. report undÈr company th4. Tr Tru51ees confirm that ihe AnnL491 ReFOrt and financial stalen*nts of the chantable compary ctynpty wth Ihe cu￿ent stabJtDry requirements. the Wu1￿ments of the charitable company's governing and Ihe prDvisions of the Staternent of Reccrnrnencjed P￿ctICe ISORPI appli¢aDle 10 charitw Neparing accounts Jn accr￿d￿ce wth Ihe Reporbng standard apPI￿able In the UK and R&pub1ic of Irel￿d IFRS1021 l¢ffe¢ty"¥e 1 January 20191. Sinc• th• Charitable company qualifie$ 0$ •rnall uTh1er ser*M 382 01 the Ccmpanw Ad 2(K6, the Strateg Report required ol medium anil large ￿mpan￿S un(Jer Ihe Ccrfnpani85 Act 21)C6 IStr8l&Jic Rerth and Dlreetors, Re￿rtI Re9ulalion$ 2013 has been omrtted Obl•ctlvM Ind I¢￿¥1t1•* *. Poll¢l•• Ind obl•¢iiv The prln¢ipal 04ects of If* company I￿. . To preserve for the benefft ol Ihe peopk ol Llanfyllln and Distnd and of Nation thè hi510rical, architg¢lur•l and ￿nStruCtIopIa1 hentsge that may exist in and aiound Llanfyl￿n In buijdings of Pa￿cUlar b8aJty or hi$loriral. archrt•ctural w constructional iThtewL . To provid• eommunity kalilies foT recreation a￿1 other leisure and cutturnl &tiwb"es in Ihe Interest8 of wl welfare wth the objed of Impfovifg the ¢onditi¢)ns ol Irf• frjr the of Llanfyllin and oi8lrKt,' - To advaneé educatlon for young per￿￿$ by kwvisbn ofknlltw for tr*nlrYd. In sètting oblÈttlv$s and pl8MIrt9 foi xti¥its"gs. Ihe TnJstoes haw glven due ccffjsideration io go￿131 gu¢dan¢e pubi15hed by the Charty CcrfnmL8slon rekling 10 t*nèfft, Ir￿￿￿1￿ the guidarKe'Publ¢c Wefil.. ruThnln9 charity IPB21'. Aehl•v8ments and p8rfonnanc• . R•vl•wof acllvltlol The Trust ha5 continued lo devote rts efforts and resouK*$ to fUrtherW￿ ot its objectives the prtsservation of Ils histor￿ buildin9 and the WOV15K)n DI tscililies lor recreation. cutture and education During the year a re¥￿tt was in￿oIed inlo Tiusi'$ stralogic planning In￿M31 struclures Adv￿• re¢eived frorn oificers ol PAVO. the Powys A&xKrdtion of Voluntary Organis8tsMs. who pmided an InlNIrn Action Plan. Ccnsiderati¢n and impkroentsb.on of pioposed r)easurt5 was ongomg at the end ol the year. Page 2 ". LLANFYLLIN DOLVDD BLILDING PRESERVAYION YRUST . IA Company Lknhtd by Guarnntsel TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED 30 NOVEIABER2023 A¢hlev•mtnt• and p•rfomi•n¢• Icontsnu•dl b. Fln•n¢l•l perlorman¢• DU￿ng the yeèr regular Outty)￿ *tre eovered ty regu￿r income supplemefrted by fvnd r**rwJ even18. aThd the Trust eontinued lo meet its obligknn5 undw the payn*nt plan arrdnged %%ith the Ecobjy 8uildiThJ Soc*ty Thi5 cover8 rnainly Inlwest payments, onty rrmnor t))nlribUts.￿$ lthvards repayment of the ￿an The EBS have Indicaled that there 5￿ul¢j no ohtade to an extsnsvn olth8 ID8n p5￿j whBn the current agr8eThnt gxpires Th• 8tal•m••t el Fln•neial Activrti08 for y••r ihov4 • d•fi)t of £7.668. eorwr•d bvlth a surplus of £1,￿7 in the previou8 year Turrrf)vef aIrr￿st th￿￿ed. ren*ting Inueased activity and in p￿"cula1 granl-fundad repairs lo lh• Men's Wing. Day to day i￿Ome ano expendrture remained broadly in baLanc8. Rising costs and Int8r851 rates precluded any signifieanl inveslment in imprOve￿￿nts to the 5118 or IThfraslr￿ture other than t￿$6 di[￿￿Y by grants. Th¢re 1$ limited sc4pe for redu¢ing expontsrtw*' the n•e¢ 10 grtyl our re5uLgr incorne erfK1&nt 8$ CA)sls c¢itsnue lo rm Bunkhouse rewpts a wdcoTh* irrwse dunrwJ the year after new booking zrrzryefflenls made. Overall the Trusfg finanGial pErlorm￿ has tyJffici8nt loi it to Mnfvnue lo pw¥ua ils object8 ler public benèfit. c. Con••rvatlon lrt wrsult ol our conseNaikin ¢)b• eonlraclorn complèted rwrs to r￿ts wd gable the Men'a sld8 of thè bulldlno, concèntrating en l)xe or rnissing slaiès. very$ and bargèr#Jarth"r¢ Gables were iepolnt8d with 11rn6 mortar uwghlly extsmal VA8 r8rnoved Th888 88d+ons Sh￿￿1 be styjnd lor Y￿1$ te eome and the ￿1kg1n9'S apF•arance from the ro•J arwj ear pat* has t*•n imwèa. An arnbttloug gronl oprJSc8tlon for SIn￿l$r rewr¥ 10 the Women's Imng falled in the fac• of $lltr ¢¢¥n￿titIOn. Whilst these are still needed. 50Th 01 the wO￿t areas had been ir a prevKu5 pha8e Bnd tho Tru81 decided lo pres8 ahead wrth devebpiry the firsl fthr lo generate Inc(Mme Intemal sP￿S w*re clear&fj out In preparation. In August a vnekend enabltd stsme new vdunteers 10 repoint one gat4e Under skilled dlrection. Internal Improvements have i[￿￿uded reder￿at￿ and paftial reftTrmisttiw of bunkhwse Regular volunteers have continued vAlh vital mwntenary ol the buildirvJ aTrJ site.. C￿ring drans, gutters and paths," cuttjw gram and vegetation and IMP￿Vir￿a eondits.ons for and visrtors It w not possible lo progress ffjnovation of the fvsi floor of the Masters HouBe or relnslatwnerf tsf tha floor over tho Gallery. these proj8CtS furlher fundiThJ. Agreement w reached with Arts Ccnnection cn thE Jthnt submtssiN of fvndiw bKl$ to iTThprove Ixilitieg in ènd around Venue lor a wioe range of cultural 8orrÉ sIr￿tural work*ill be needed to Imr￿0Ve the floving and en5uie bEtter energy cA)nspThabOII. The Trust's ¢onseNalwJn a¢bwts¢s accord wth rts objectof preser¥ing a historK trMJilthn9 for pubft benefit Pa9e 3 LLANFYLUN L)OLYDD BUILDING PRESEWATION TRUST IA Cotnpany Umltsd by Guar*Thts•l" TRUSTEE5' RÈPORT ICONTINUEDI FOR THE YEAR ENDED 30 NONEIIBER 2023 A¢hl•v•m•nts and p•rfomi•nc• Icontlhu•dl d. T•nan¢lo8 In cornmuD *ilh other 8uilding Pre5erv#tH)n Trusts, Ihe tharty regard5 geneTrttn ol in¢omv th[D￿h knttings 83 core activity which mak85 P)ssIb￿ the preServat￿n of the h15fr￿c 20 units remain let with other areas rented for Stuage. There is a steady demand and v8c8nl units are Immediately r9￿1. Tena￿leS are ovr rmsl ImkY)rtanl s(MJr¢e ol re9ul8r Inrx>￿ to cover day-ttr¢ay costs. th•y 9180 contributts tc our objective ol provioiny communty fa011￿"e5 for ￿creatIOn, ￿lsUre and cuhure Most units aTe ￿t to creative enlerpri58s, Bnd during the year **re pleased io a ba8ket %4*avw as well a$ Artl Connection. a IcG81. Indeperfent arts chanty workin9 811 a9e$ aTh# •t41ths. WFK) ￿nI tsvo unts. Tr ￿taPe room is a popular Itisurt attraction, ￿Creasing frthfall. In accordanee wth Charity C¢Mm￿S￿￿ BU￿￿elIneS rentsls remBin8d by Ir￿Penden1 a¢fvK•, from Cèll Rowlandi,. thèy are relativety in réet*JNtion of thè age and c0Th￿￿on of the buildiTr). •. Acll¥ltlo• Bulldings that are not In regular use rapdly 11ecay. rar4Je ol aCtiWt￿ at Y demonstmtès eur commitment to our tharitablg 0ty.ects of preSerVatA￿ of prgvOing ￿￿Vre. ￿rea￿n* aTrJ e4Juc8lion facllltles for ltte people of Llanfyllin and District. The aamlies gener* Incorne to support ala Improvt this provlsion By a¢lraclir9 vi*lor8 from a ¥ea lo thore Ihoge 1o¢tirt*s %4* Ihem rnore and &us1alna￿. A8 always the lack ol a heating system impeded a¢tth"ts"08 durin9 the ￿nter. bth once again a fuller progr￿rne $ arranged through the wam)er r￿￿th8. st David's Day mafked by a li￿lY communify ￿ent. later In March a gr￿p of Ic¢al r￿t$ and arti$t# presented a co11aboratlV8 exhibitDn. 'Cyolweilhio'. in the Gallery Cr¢m CYMN attr¥ted rnany lo¢•1 crnllspeople and customers In May, ra18ing o¥er £1.700 Iry wr funds In July Arts Conne¢lon ts)sled a second Pnoe P￿nIC. There was a f8Wd attèndancè at Opèn ckors in Stpt•rn￿r *i¢h a Fair. art. eraft and hislorthl displays. a variety ol Iwe mwic, OFen St￿￿￿>$ and 9uided ￿r8. Collaboration with the Llanfyllin Music Fe$￿Val was exparKled with an (￿o¢T orwa evern￿. a cwKert by wnd ensemble and a posl. tw usirvj the ￿ld br regular sessions. Cain Valley HLvse and Pony Club continL*d to hold their rTh)nlhly events aimeé espec,'ally al larnilies and madè regular payments. Car boot fyale$ look fortnwJhtly on the ¢ai park, generating a ryKMJe5t Inwtr* In¢iea$ing fDOItsII The WorkthcAJse History Centre rernained oK*Th tsly and VAS visited by many lamilies as %%*ll as (Ktasional groups, though only one SCI￿1 pzty." mst contribute through Ihe donatKffjs box. Our Thomas Penscn exhibitK)n vrds on view for several nNy)ths at PÈnson's Chrbst Churth. Wd$hpx)l. The website .thomaspen50n.org remains active thank5 to fvndiry Irom tbe Mary HigrEtt bequest vig Os*wty Rotary Club. These faolitses and athVit￿s hdp to treet our education￿ onL1 CLthuRI obJ"ecbve$. Page 4 LLANFYLLIN DOLYDD BUILDING PIIESERVATION TRiIST Company Lhnlt•d by G￿rant**￿ TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2023 Achlevornenl• And porfo￿anCe Iconllnu•dl f. Tru8t888 AI ￿ AGM In June Tntstees rebrgd WKI fv& TvJstee8 wue F(xK Trustee8 roJr•d rotsb.on and were re4xted. The Trojt remalns exc*pts'onal in the extent to it rel￿ on Trustees wd othèr votunleern for admlnlstratlon and ma)ntenonce ol the buildtng and Ils acre *te. We are degtyy grntolul to ttlose who havo ¢onlnwJ lo labour in difler•nt roles. MCK8 h￿P 1$ aws In acLordanc¢ with Paragraph 5.3 01 Ihe mwnu0n¢￿ of AssttLatth ￿ agr*J to ¢ontr8Gt *ith orn of wr Trustees. Alan John Eddy, to act 38 host lor ovemiyht parar￿r￿a1 in￿19ati￿ns *ith • paywt 01 £50 fgr each wca$lon. Mr Eddy ¥Yas later rnntractod 10 OFérate b￿nkh￿se bOok￿g5 ￿p￿"On on a Co￿•1&$10n basis. Payrnanls totallin9 £1.318 were m*J? dunng ye•r. A resdential tenant, John Davies, receives a mnthly rebate of £150 cm rent in iètum for securfty duti8S OTh 8it•. Mr 08wg9 erected a Trustee in August 2023 Benefit8 secr￿d Sin￿ this date rolal £600 The Trust￿ are Satisfi￿ that these apwnlmenls 8r¢ in thg thaiity's bE4t Intorests. TIMe concemod thdra￿￿ frcrfn relevant Flnancl•l I•￿•W . Golng ¢one•rn After maknng 8ppro¥iate erquirie&. the TnJ51ees ￿ve a T888onabfe exFethtion thai the chan￿￿• ecfflp8ny h85 ￿equate resources lo continue in opeiabonal exisience for the foreseeatle luture. Fer this rea￿. th•y CL￿tinUe to adopt the soin9 concem baso In wewing finano0l3tst￿ents Further 4etail& re9arding thè adOpts"C￿ ol the going concem basis t* hund in the xc£¥ntknq b, RM•r¥M pollcy The Tru$lee5' policy Sir￿ October 2014 has to maintain ￿ Un￿trthd financial reSe￿e of £5,000 in d88gnated account, io l)e drawx only in emergencies Ths has ThJt teen drawn upon that da¢e the funds rem*n aYdilabl$ The free reseNe$ for th• year. after ￿Unti￿ fixed as8ets aTrJ a59)¢Aaled were 8t £8,37812022.. Surplus of £14,7001. Page 5 LLA14FYLUN DOLYDD BUILDING PRESERVATION TRUST IA Comp•ny LIMIt￿ by Guarantt•} TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR EMDED 30 NOVEM8ER 2023 Stw¢tur•, gov•rninc• •nd m•M9ement a. Con•tituWon Ll•nfyllln D¢lydd Bullding Pf8S8rVati￿ Trust bs regi8ter&J as a chaii8bl8 company limited by guaMts8 ar was #ot up by a Memerandum ofAssouatson. During the yeèr COnSKJeratpon was given 10 re￿trt￿br￿j charitabk c£Jmpary as a Chantsble In¢orrorated Organls*un was receNed frL¥n offKers of PAVO.. the Powyl Association of Voluntsry Organisats"￿S The prccess was oryoing at the end olthe yew. The lull board of fruslees meets ten to b'me8 a yÈar 8rbJ elects its officers un￿.1 r￿enlY the Trust885 appointed a Managwnènt Commilt•è to conduci day to day manwmnt of th& sit• on their banalt. durfng the year ￿t norm311y mel fortnighlly ln￿.ud8d IoLJr Irktstee8. Slbb ccrnitt8e5 *W8 apFanted lo ex8rcis• dèlegated fvnthons and i•port10 tne Trust8es. Following •Yvice and discussion$ on winKtunTrJ ￿ Twstees •3re•J in Novernhr to appjint five •u committe881o cover different areas of it5 Op8rat￿n$. T•rn)$ ol refwence wefè agre8d. b. Methodo of •ppolnlm•nt or •l•¢tk*n ol Tru•t•e• Tho TN$t 1$ curr•nlly gev8mad by a b)ard of up to 20 TNst••s Ytho ar• appointsd ty the W￿berS al thè Annual General Meeting. one third musi reli￿ each Addrtional ff*mbers rnay be co opleé during the year bLrt must 51and down ai the AGM. Ther* are no on vkno may servo a$ a Tw#tee" t￿$¢ ele¢ie¥ or c opte4 have norrnalty been active a5 volunt88rs and Ihu8 knr*•m to ihe rnemberslw'p, or8re inwtsd because th can bdno particular skllls lo the wojecl Trustees re¢eNe a copy ol the MgmoraTh*m ￿ A￿"¢1?$. and Ihe atten￿ of all Trusttsj il dr￿￿ to the Charity Comrnra51Cn'5 guidelines induding Yhe Essenbal Tnjgtee" and to fAwrses offered by Pws Assoclath)n of V¢Yuntary Organisotpns. Page 6 UANFfLiIN DOLYDD BUILDP4G PAÉSÈRVATION TRUST. {A CoMp￿Y Llmited by Guarantsel TrLISTEES' REPORT ICONTINUEDI FOR THE YL4R ENDED XI NOVEIIBER 2023 P&n8 for lutyre p8rfod• Tru8lees are In Ihe pr￿e98 of Areeln9 a draft CK) cJJnstrtthKffi w the A99￿"abOn Model fcr awoval by thè Mambars bsfom subml8$K)n lo thè Chanty Cc*nmissth dunry th• yw. MeanvA)ile the nthv $uWmmrttees have begun lo TW include both Trustees w-Twste&$ 8nd m ta involve è lèrger number of mem&ers and lo er￿C￿￿e mr8 vol￿teerS frorn the local and v c4mmunlty The Trustees recc£rrise Ihe importance of grLMing res￿hr Thorne lo meel stttply ri$iThJ costs A renl revbw has been Carried ou't, the first for three years. Iweases are planned to tske effect in May. A cashk8S d￿￿tIon wlnl to bt in$tsii•d In thè History Cènt￿. Work Is In progress to fil fir& doots in the Ma*ef8 House *) thal the top Ilts)i spac* can t* broJght Into US? first floor of tre Wr￿n.8 ￿ng has ￿en deared in preparatKsn for an eXpanS￿n of 8ctivilie$ tyy •n existin9 tgnanl. We are ltr)kin9 at way& of irnprowThJ the bunkhouse balhrcLth Pendin9 decisions laftJ8- Sca￿ grant appltstsons smaller irnpiovements should enat* ￿ to make better use ol EX￿￿"n9 laolibes and Iruease r¢v8nue. ussions 4r0 eontinuing Wth fvts Ctsnne¢ttyi on Improvements to ￿ v•n￿ AThJ Gallory". ar• See￿.ng prèllmifiary funding 10 draw up plans 8cheduks and cbl•n ccffjting5. Through 8 ioinl fundirs $p￿Ical￿n %¥ith the Montgomtry5hire Wildlile Trust wt F4Bn io e•velop moro actlvitles on $￿e whlch wll erKoura9e people from communSty lo enkn learniw about and providing ts ujr vIldl￿e. AchiKien's play 8rfea ￿ envisag8d. A full programme of events is ¥hedulea for Ihe year in¢luding a revival of the Workhouse P*ty.' Crafft Cymru arts and craft faits.. an opera evening. a Steampunk leihval., a l•nily drumming event dj nighlj.. o BL￿fire Nlghl and a continuation of archery days. horse and pony Sr￿ car sales All these wents 81rn to raise lunes lor the Trust io pursL* Ils obJe¢L8 ol pwNing tne DuSKling ana wovidin9 facilitiès for th• eommunity.. thèy also serv8 to hereast publ￿ awr*èrw>S aTrJ SUPFort In thi¥ conte*L 15 ttntinuiry to dev¢lop the Tru$t'• websrt¢ and 8ir•ngthen its wgsence on sr¢HI In making Ils pl8n8 the Twl is wn8¢anUy ol irnperatsve lo rtB ¢hantst4e fcf publ benefit. Pa98 7 LLANFYLLIN DOLYDD BUILDTrIG.PRESERVATION TRIIST IACompany Lknll•d ty Gu•rnnts•l. TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2023 st•t•m•nt ol Tru•¢•••' Mpon•Iblll￿•• The TFUStees (W￿ are 8150 thB directors of the Charitstlg t￿M￿8nY tor Ihe purrxoe$ of Company lawl are $FOnsIb￿ lor prepanng the Tw$tees' ReFth and th6 financrdl ststements in &ccxéance wth applica￿8 law and Unrted Kingdorn Acmunting Slandarc15 Iunrted Kin9kn Gener￿￿ Attepted Accountin9 Pracb"cel Company law requires tho Twsts•s to pr•p3rè fi￿ne￿ ststernent8 tDr •ach financid . Undercompany kiw. lh8 Tru518es must not approve the financial Stslern8nts they a￿ $ab$fied Ihal they give a tnje and fair view ol the $t8te ol affwrs ol Ihe chantab￿ ol ils Irurning res￿rCeS applicaton of ￿SourCes, including ils incorne eyn¢thkn8. thal F*rnd. In weporiry Vwe fina￿181•18tements, ihe Tru$t•ès are required lo.. sultsble ?￿ntIr9 and ihen appty th￿ ccffjsisténiy.. observe the melhods and principle$ olth• Charitiès SORP IFRS 1021,. moke judgments and xcountirYJ estimates that are reasonable and rrfud8nt.' stste whether aptyic&Ae LIK Aceouniiry Standard5 IFRS 1021 have ￿en fr41u4*d, to ￿Y maienal departu￿5 discbsed and explanwj ¢n the financial stslerw prepare the financial st*emènts on the ￿Ing concem b881s Unl￿ rt N ingppropnate lo pre$urne that thè charitab￿ company will continue in busiM$8. Tha TnJsl8es ar8 re5pon5ible for keeping )Yequ* accountsn9 reclyds thai are suffici•nl to Show and explain the Charitable company's trans*icns and ¢Jisdw with reaScfia￿e at any time Ihe financlal wsilion ol tnè Charitable company aTrJ enab￿ them to ensu￿ thal Ihe fjrwoal sIateft￿ts C￿nplY thè Companies Act 20L￿. They al$0 responsible for s•leguthing Ihe of Ihe CharrtaNe cornpany and henr* tor taklng reasonabl• steps l¢rth8 prèveffti￿ and dttsction of fraud ¥TrJ olher irre9ulwtw. Approved by order of the rnert¢r5 of the board of TnJ$te•s and 8in•d on th•f by.. Jean Cape Trusleel Dale.. P89e B . LLAIWWN ()OLYDD BLILDING PRESERiIA7ION TRUST (A CoM￿Y Umlt•d ty GuaAnts•l ' INDEpENDE￿r EXAMINER'S REPORT FOR THE YEAR ENDED 30 NOVEMBER 2023 Indepond•nt Examin•rf8 Report to th8 Tru8ta•8 of Llanfyllln Dolydd 8ulldlng Prn88r4aUon Tru¥t Ilh• Ch8rtt#ble Com￿ny.) I r?pNt to the eharity Truslt•s M my txaninatyon of th• tsf thè Chafttab￿ c1jm￿Y for the year enw 30 Novembw 2023. R••pon*lblllWo• and B¥sl• ol Roport A$ the Trustees of the charilab￿ cL*npany lanE1 IW threctors f¢r the pwpws of ¢ompgny you are reswnsI￿e lor the preparats.on ol Ihe xctsJnls In &¢ordancewth Ihe requitements ol Companie3 Act 20 Ilhe 2006 Acn Havlng $allsfled that the acc4unts ol the CharilaNe (tmp8ny are ￿ required to t* ￿elled under Part 18 ol th• 2006 Ad and are •ligiblo for indopendonl examinati￿. l ieport In respect ol my ￿&MInation of thé Charitable cornpany's accounts carried Nt under section 145 of the Chants85 Act 2011 Ilhe 2011 A¢l'l. In carrying oth my ex2minalion l ￿Ve I￿k>Wed Ihe DirKIM)ns 9￿n by Ihe Chwity Comi$sity) unaw 68ctioTh 14515llbl of the 2011 Aet ." LLANFYiLtN tlOLYDD BUILDING PRESERVATION TRUST (A Company Lirrthd by GuaraRts•l INDEPENDENT EXAPAINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 30 NOVEMBER 2023 Indèp8nd•nt examln•f• Stst•m•nt I have completed my examinabon. I tonfim) that no rnatters hav• come lo my attentkx in the exarnination giving me cause lo b￿￿e.. aGcountng record¥ were rot kept in resFe¢t of Ih¢ Charitstd? wnpany as required by sedvi 386 of th• 2(￿6 Act,. or the accounts th> not with thJ5e record4 or the aC￿nIS do nol comply with Ihe oryxxjrrtiry rwuirements of section 3* of Ihts 2006 ALI other +han any rtquir•Trient Ih81 the &ctyJnts gNe a'true lairf wiew which is not a matter wn$i¢ered as part or an indepenclent examnation, or th8 8ccoun15 not been pr￿Ted in accc(d8ncèwrth Ihe methrx15 ènd rffinciples olthe St8temwt of Re￿Mmended Practice lor a(x¢yJntyng reporting by chariiw lappltable ￿ chantie$ prepann9 ltteir accounts In a¢¢ordanc4 with tho Finanoal ReFfjrtU￿ siaTrdard aptyicable In lh8 UK 8Thd Rawblic of IrtrL4nd IFRS 10211. I h8v• nD cor￿n5 and hwe come oc1￿ r￿ oth¢J rnollerj kn ojnnectson wlh Ihe exwnkn8lon to attention should in lh* report In order to •nobb o under•i*dlng of Ihe act4JJnts to be reached. Thls report is maao $oknly 10 thè Ch*i18t4e eomp•)y's Tnjstees. as a tody. in at¢£(danee wit4 Part 4 01 th¢ Charities (Accounts and RetK)rtsl RegulatDns 2008 My ha$ been undertaken 80 that I might slate to the CharSlab1e ¢ompany'8 Twstees Ihose maners l am required to state to thèm in an IndeF*ndenl Exarninerfs Rtport and for rrf) other purpose To Ihg full951 extent peimitted by law. l (b not 0￿pt or assume re$pon$ibilrty to anyone other than the Chariiatye cwany and thfr chan1a￿ company's Trust￿ as a bc¥Jy. for my WLvk or for this report. Signed. S J Tweedle 8Sc FCA CChA WR Partners Chartefed A¢¢ountanls Belmont House Shrewsbury Bus*)ess Park Shre￿b￿ry SY2 6LG Prye 10 LLANFYLLIN DOLYDD BiALDING PRESERVATION TRiIST IA Cornpany Llmlt•d by Guarnnl••l. STATEMENT OF FINANCIAL ACTMTIES IINCORPORAnNG INCOAIE AND EXPENDITURe ACCOUNn FOR THE YEAR ENDED 30 NOVEAIBER 2023 Total fund• furK18 fu 2022 2023 Inmmg from.. Donatioris and lega¢ie$ Charita￿e a￿VI￿5 Inve5tmenl$ 59A72 5A25 293 64097 54393 3T, TTI Total Inctsm• 69.621 $0,￿*7 119,628 81. 154 Expéndlture on.. CharitaNe aclivltles 127,196 79. 787 Totlll •xp•fidltur• 127,196 79. 787 N•t mov•m•nt In lund• 16.9411 17.6681 1,367 R•eonclll#tlon of fund•: Toial funds brought forward Net movtsrnenl in fuThls 18.127 274.983 16.0411 293M .8681 291. 723 1,36T Tolal funds carrl•d lop￿ 17JOO 288,022 286A22 293.090 The Statement ol Financial Acbvltses IKlude8 all sai￿ and bsses in the year. Th8 nol88 on pag88 14 to 27 form p¥1 of th9¥9 fina￿al Slaterr￿n18. Pag&11 LLANFYLLIN CK)LYDtI BUILIMNG PRESERVATIONTrUST . IA ¢ompany Llmtt¢d by Gu•rnnt•ttl REGISTEREO NUAIBER: I)4322101 BALANCE SHEEr AS AT 30 NOVEMBER 2023 X123 2022 Not• Flx•d w•••ts Tangible assets Heritage aw¢¥ 10 11 21,721 645.213 26,957 645,213 888,934 871,$70 Curront *•••ts Debtors Ca&h èl bAnk 2nd h haThJ 12 11x1 4,321 37.877 36.01fj 36.116 42, 198 Credilor8.' arnounts fallirrfJ duo year 13 110,3381 (9,371) N•t curnint ••••ts 25,TlO 32,827 Total •M•ts IM• curr•nt Ilabllltl•• 602,712 704.397 Creditors amounts falling after morg thon one year 14 14073901 f411.30TJ Totsi n•t a•••ts 285A22 293.090 Cha￿ty fuThd• Restr￿ed funds Unr85tricted fund¥ 15 15 17800 78. 127 274,963 Totsi fund 285,422 293,090 Page 12 LLANFYLLIN D(￿yDD PLILDING PRESERVATION YRusr (A Company Llmlted by Gu•rAnt•¢l. REGISTEPED NinlBER: IM322101 BALANCE SHEET ICONnNUED) AS AT 30 NOVEMBER 2023 The Charylable company byds entitled lo exernptx)n from audA under sectvjn 477 01 the c￿pan￿ Aet 2￿￿. The fflember5 have not required the ¢￿VanY to obtsin an audrt for Ih8 yw in in WEth section 476 of Cornpan￿ Ao120C6. The TnA5te88 ackThJwkdge l￿'r res￿•bAlt￿ fw comptyiNJ the requlrernents of Act TOlFéCt to accounJng Tecoryjs preparthn olfinarKwl 8tatem8rts. The finanoal 5t3lements haw t40n In actDrdance wth the wovision8 •ppWINe to •nOOe5 8ubj.act to Ihe small ¢ompgNle$ re9irne The flnanclal statements approved for by the Tr￿t￿ and s1)rtd cn thw"r behalf ty.. Jean Cape ITrusteei Dale.. The note$ w pages 1410 27 forrn part oflho86 finarwl sl*en*nts Page 13 . L￿NFYLLIN DOLYDD BUILDING PRESERVATION TRUST .. {A Conwiiy LlmSt•d by Guarnnt••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 30 NOVEA18ER 2023 G6noral Informatlon Llanfyllin Ddydd Building PreseNation Trusl is a thaniable o)mpany. limited by guarantee and Inwrporaled in England Wales. of tIE thanty we the tfUStee5 narned on pag8 101 these ac£ounl8 In the event ol the chantable company ￿Ing up, the liabilty in respect of Ihe guaraniee ts Iirnrted to £1 Fer meff*er ofthe ¢harila￿t company. Accountlng polS¢1 2.1 B￿¥￿ ol pr•p•rntlon of ￿ n•ncl•l •tsl•ments Th8 fl nanclal stat•m•nts have b•en yèpawd in accordartè Chanb8s SORP IFRS 1021- Accounting and F¢eporting by Chèrrth88' Slalemenl of Recommended PraCt￿e ¥p￿￿ty1e lo chanlies pioparing their at￿)unts In a¢crydar￿ tne Finan¢iai Rew￿n9 Standard applicable In thè UK and Repu¢Ji¢ of IrelaTrJ IFRS 1021 leffedNe 1 January 20191. the FinaroBI Re￿rtIng Standar opplic£ble ITh the UK and Republr of IreL•nd IFRS 1C121 and the Compank85 Act 2￿. Llanfyllin Ddydd Building Pr8servath?n Tnmt meets definith?n of a puNic b8rnfi1 entrty L*nd FRS 102 A888ts and lwbilrt￿1 Inrtially at histori¢* ￿•t ￿ tr•nsxtK)n value unknsl ¢lh*wise Staled In Ihe relevani a¢oyJnling pdKy IZ Goln9 ¢on¢•m After making 8nqulnes Ihe Tru$*es have a feasonat* expKtab"on thai the Chanty has ad•quat• resources lo contiNJe ir owralrf)nd exislence for the fcKtse•abl• future The Charity therefor? nifftu89 to adopt the going corK•m baBiS in weparing it¥ fin•n¢ial stslements 2.3 Incom• All income Is recognL8ed ¢)ne• the Charilablts tsryny has eniillemènt to Ihè incème. it is piobable thw the inwng bMII be re¢￿Ved and Ihe 8trwnt of receN8￿e can be nwure(I rel￿￿y. Granis are ir￿l￿ded in Ihe Siatement gf Financial Acti￿1￿8 on a re￿￿?￿* bo$1$ The balance of income re￿1Ve￿ for $pecifc purwjses bul not expended during Ihe 15 shEyhfi in the relev8nl funds on the Balance Sheel Whew incorw i5 recewed in aJvant6 of entrtlemenl ol receipL ils recognrtion Is ¢Yeferred orn1 in¢lLJded in t￿￿Or$ as defeffed I￿￿0￿￿. Where enDithieni octu before incorne 18 TecEi¥ed, the Irwrr* r8 ￿Cr￿<. Income tax reCovera￿e in rel*ion to Ill￿$trnen1 incJ)rn8 15 rwr¥*l at ihe b'rn• the invegtrnenl In￿me 1$ rece'.vabl?. Page 14 LLAP4FYLLIN DOLYTID BUILDING PRESERVATION TRUST IA Company Umltad by Guarants•l NOTES TO ThE FINANCFAL STATEMENTS FOR THE YEAR ENDED 30 NOVEAIBER 2023 A¢¢ounllng pollcl•B Icontinu•dl 2.4 Exp•ndStu Expenditure is TrcLgThsed th8re ra • leg81 or c•nsinJthe to tr8nslèr ecpncrn benefit to a third paty, It IS Pfob•ble th* a transler ol econorrmc benefits ￿11 be wuired in seiuement and the amount ol the obligation ￿ ie meagjred ￿liatrIY Exwditure is da59fied ty arlivity. The Costs of exh xtwity a￿ m¥Je up ol the +otsl of direct costs And shared cc4t¥. including $upp(rt costs invofvèé In undertakj'ng each activity. Dired ¢LJsts altsibutable to a single activity are alloGaled directly lo that aclwily Sh¥ed (wls whith CL)nlribule io more than one activity ond support costs wh￿h are not attribula￿e lo 3 51ng18 ￿￿vIty appfKtKJwJ bemwn Ihcffje octs"vilies on a bashs consstentwith the of r¢gwrces. Expenditure on charrtable aclNrt* V8 Incurrtd on directly undert•knry the ac￿￿8 furthw tho Cha￿tab* company's 0bJ'oetNèS, 85 **11 as any SupF¢rte•￿8. All Éxpendilure 1$ IrKIu$￿e of jfwet0vera￿e VAT. 2.5 Gov•rnment gr•nl* GovernTr.ent gran15 are included Ihe Salement of Flnar¢ial AdivrtM on a receivable basi$. The balancè of Incorr* received for specifi¢ purpose5 tyJt Thjl expended dunng the period Is shown in Ihe relevanl lunds M the Balance Sheet. Where incon)e 1$ roc•wod In adv*te of antrtlement of teipt, ils recognition 1$ deferred anLI Indiided I) ereditor5 as deferred ir￿me. Where enltlè￿nt Lvurs before IrKome Is rnc•lved, th• IrKA)n* is 2.8 Irbtpwl r•c•lvabl• Int•mst on fvnd6 held Dn deFosiI is kndu(*d ￿Nabl0 arwj thè arnount can tR w$ured reliably by the chan18b￿ ciynpany", thls is normally mthficatron ot the Inte￿$t paid or Payable by the lnsthUti￿ with bthom u)è funds w8 ¢epW￿. 2.7 Tanglbl• fflx•d and d•prochtSon To￿1￿8 fixed assets u)slin9 £200 or more are captslwl an(1 recognised %*l)en lutur• étonornic benefit$ aw prtsbab￿ thè cost cf valua of the asset c8n be measured ￿liAb￿. Tangibk fixed a¥5ets we inthny rwnisgj al Cost. After re￿tI. hErilage assets a￿ n￿a$L￿j at cost Itss any WAJmuloled depr￿ation and ony sccumulaled irnpairmenl losses Al each reFCrtiry date the char￿ c£ry8ny 55Ee5se5 [8 any iTraubon of ImpoSrrnenl. If s￿h Indicglion Pxists. r¢cov¢rable arr￿n1 ol the asset Is deteimined lo tye the hlgher of its tsir value CO$IS 10 sell aThJ rts value use. An Impairn￿ loss Is recognised wbera the ￿rryIng ¥m¢wnl em￿d¥ th¢ recoveroble amount The TrJstew C￿thr Ih•t ts wdual yo￿? of fv bu1￿1[Vd 18 ¥uth thal wy ¢*prgdptKffj chorgo would be immotefial charitab￿ Company h88 elected nol to adLVt a of revaluat#Jn of laThJibl8 fixed amets The Chantable company will ￿ts1￿ the v*ue ol land and buil¢ings y0v￿)uSIY revalued at 15 Novemter 2007 and will not uplate thal vluation. Deprtie4ation r4 provhded on the Llartfyllin w0rkth0u￿- cost 2.9 Debtsr• Trade other debtors ￿ rec4gnis•J at the setdernenl affKJunt after any tr•Je dix¢yJnt offered. Prepayment5 are v8lued al Ihe arnounl prepaid r￿1 olany Irdde dJ'5counts due. 2.10 Cash at b•nk and In hand Cash at bank and In haTha indu¢Jes cash and ShOrt4￿n hvJhly investsments %wth o short rnaturity of Ihree mon¢h¥ or ￿ from Ihe date of ao]ui5thn or op8ryr#J of tha deF￿￿ Lv Simi￿r aeeourtl. 2.11 Llabllltlm •nd provhlon• Liabilitie$ a￿ recognised wthen lhe￿ 1$ w oblylion at the Balance SW dale ag a result of a past event, it is probable that a Iransler of econorn￿ benefil te ffj4￿red in #etUerThJnl and the amount of the setyement Can be e$b"Mat￿ reliably. LIabIl￿e¥ are at the artwnt that Ihe Ch*rtat4e ￿rn￿nY antiopates it wqll pay to $ett the debt Of the 8rnryJnl it has recebved a5 atharKed payments for Ihe or aeNKtS it musl providè Provisws are al the test esth"m8le of the 8rrKyJnts requirèj tg sth the 0￿19a￿. Where the effect of the value ol morw Is materk41, provi%v￿ 15 based Dn Ihe presenl Vdlue of th¢)se amounts, ¢Jiswunted at the prtrlax raie that refft￿ts n$k$ $pe¢if¢ lo the Ilability. The unwindirYJ of the di5CLwnl 15 I￿ lh8 Stslem8nt of Financ4al Acliviti8s a5 finance cost Page16 . LLANFYLLW OOLYDD BUILDING PRESERVATION TrUST IA Company LAnM•d by.Guar4niwl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEM8ER2023 A¢¢ountyng polk1￿ l¢c•ntlnu•dl 2.12FlnaThclal In•trvmèh The Charitab18 Company has ￿na￿A81 a886ts financial hats'lib8B ol a tir*J that gu&lify basic financral In5trurnBnts. Basr financial Instruments a￿ inibally re¢oanised ai transacbon vdue and subsequenty measured at th?Ir sett18nwnt v￿ue ￿th the except¥￿ of t)ank whlth are sjbsaquanlly mèasuTod al cost wng lh8 ellectNe interest rnethod. 2.1J Fund *¢¢ountlnB General lunds are unresIn"￿ed fvnds ￿thICh are 8¥alable lor at the discretK?n ol th8 Tru$lees In furtherane• ol thè gen$r81 obj8ctN•s ol th• Chantat48 cowpany an¢ t designated for other pUrF￿a•S. ignaled funds coryrise unrestricted hjryjs Ihal h￿e W set ￿de by the Tru5te35 fDT p8rtKulpr pwposes. The aim ond u¥eof 9och Is ¥•t out in tho nDkn lo the financ441 statements. Reslrlcted funds ar8 ftJnd8 8re lo b8 LBèJ In accudance ￿7th SFeufic re5triclons Imrth8d by donors or whth have tthn ra￿ ty Ihe Charitsble company tr part￿AjiAr purposes The CL)$18 of ralslng and g¢rninisterlng such fvnds are charyd agwnsl the s￿riC fvnd. The Bim and uje ol •ach resirKt•d funa is set (Krt th Ihe ncrtes tothe finan￿81 8tsTrments. I￿￿tr￿n1 ￿n￿rne, gwns and los￿ are alwled to tho fvnd. Page17 LLANFYLLIN DOLYDD 8ULDTrIG PRESERVAMON TRUST (A CoThwy LknN•d lyj Gy•rnntee) "" NOTES TO THE FINANCiAL STATEMENTS FOR THE YEAR ENDEO 30 NOVEMBER 2023 Incom8 from (tonatlon• and legacl Total fund• 2023 Tc4al lunds 2Q22 fvnds 2023 2023 Donations Grants GoVern￿￿t grants 1.176 35.880 22.416 5,740 36,541 22,616 9.572 J.215 24.984 661 2C#J 59.472 5,425 64,897 37.771 Tol812022 23,981 13. 790 37,771 Gov¢mmenl gr8nts received durirfj yew Include • grwts for lh• Gablè End and Grwn Hub and unrestricted grant Irom Povrys County Council. Income Irom charltabl• 4ctlvHIo0 Totsl lund• 2023 fvnd• 2023 lund* 2023 funds 2022 Charitable ac￿￿tI&8 Venu 31,888 22.405 31,888 21,615 21.718 $4.293 54.293 43.333 Totg12022 617 42.716 43.333 Page18 LLANFYLUN DOLYDD BUILOWIG PRESERVATION TRUST (A company Lhnlknj by Guar¥rii•DI NOTES TO THE FINANCIAL STATEMENTS FOR THe YEAR ENDED 30 140VEMBER 2023 Inv•stment incom• R••liiGt8d Unrn•tiiGtgd fund¥ fund• 23 2023 Total fvnd• 2023 Total fvnds 2022 Inv8strnenl Ir￿ 49 Totel 2022 14 Analy818 of •xp•ndltur• on ¢h•rltablo xtlvm Summ•ry by fund typv lund• 723 fund• Total 2023 Tot 2022 Governa￿ eai Direct costs 5.148 61.8( 5,148 122,1)48 4,270 75.517 60,248 eLI,248 127.198 T9, T87 Toto12022 7.380 72.407 79.787 Page 19 . LLANFYLUII DOLYDD BUILDING PRESERVAnON TRUST (A Coryany Urnltqd lry Guarnnts•) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 Anal￿1% of eKpendltUM by *tllvltt•• und•rt4ken Support Tot•1 fund• 2023 Tot81 fvnds 2022 2023 2023 GDv¢m?ncgco8¢8 Direct costs 5.148 5.148 121048 4.270 75.511 122.048 122.046 5.148 127,1 79.787 Total 2022 75,517 4.2TQ 79.787 Analy81s of dlrnct co•ta Tol•l fund• 2023 roÈ81 fund5 2022 D*•¢t ¢o•l• 2023 Dep￿l¥tIrjTr Céntral offi miscellane￿ expendrture Rgpairs renewals Even15 expenditure Buildin9 conlr8Ctor costs in¢ x•ffokdirg Mortgage Interest 5.339 16.185 1.9D1 15984 6.339 16.185 1.901 15,984 5.292 13,784 f, 153 2T.877 2,955 5.310 19, 146 48.202 27.833 27,833 122.048 122.1)48 75,517 Tol812022 75.517 7&517 Page 20 LLANFYLUN D()LYDO BUILDING PRESEFfvATION TRiL8T IA Company Llmlt•d by Gu•rnnt••l NOTES TO ThE FINANCIAL STATEAIEPITS FOR THE YEAR ENDED 30 NOVEMBER 2023 An&ty818 of •xp¢ndllurn by &cll¥ltl•• leontinu•d) Analyil• ol•upport coslB Go￿rnanCe Total Ivnd• Tow fvnds 2022 2023 Governar￿￿ costs 5.148 3,14B 4.270 Tot812022 4.270 4,270 Ind•p•nd•nt gxarnlnert• r•munor•tlon 2023 2022 Fees Payab￿ lo the charits￿e camw)Is iTh*endent •xamir¢r forthe Indtpendent examlnalbn of tht charrtab￿ cthnpany* aTrnuJ accounts 2,195 1,950 Tru8t•e•' r•mun•rnllon And •xp•nM• During the year. no Trustees recew any Mnuntrab'on or oth•r (2022. £NILJ. Dvring the year •nded 30 November2023. Trj Tru8le8 exynles Iwe bee￿ incurred (2022- £NIL). Page 21 LLANFYLLIN DOLYDD BiIU)ING PRESERVATKIN TRUST {A Umlt•d by Guarant••l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 10. Tonglblo flx8d aBS8ts •qulpment Totsl Co•t or ¥•luallon Al 1 December 2022 AddstKJn8 61M70 703 74,947 703 At 30 November 2023 13A77 62,173 75.650 Dopr•elatton Al 1 December 2022 Charge lor thè yaar 10.082 1.1•4 38,628 4145 48,090 5,339 AI 30 Nov•mt•r 2023 11,256 42,673 63,929 l>ook ¥•lu• At 30 Novgrnb8T 2023 2,221 19.500 21,721 AI 30 Novèmb*r2022 3.415 22,942 26,357 11. H•rftag• 4•1• AJg•ts r•¢ognh•d It ¢o•t Llanfyllln Workhoug• 2023 Tot•l 2023 C8rying value at 1 Dxwnbgr 2tr22 645.213 646,213 645.213 845,213 The Truslees have tecatWJri5ed the w￿5t bu￿kYIng as a httit89e asset as it i8 hekl and Tnaintsined principally for its cnntribution to kntr+Aedge culbJre The WL¥klK¥Jse building Iws been included above at deeTned cosL which is its boL* value as ai 1 December 2t)22. Page 22 . LLANFYWN DOLYDO BUILDPIG PRESERVAT1014TRUST Company LFmlled by Guarnnts•l NOTES TO THE FINANCIAL sTATEmE￿r8 FOR THE YEAR ENDED 20 NOVEMBER 2023 11 Dobtorn 2023 2022 Duo wlthin one yoar Trade debtors Other debto 3.784 537 11YI 100 4,321 13. Cr•dltor•: Amounts fllllng du? wlthln on• y￿1 2023 2022 Bank loans Other laxatk)n and i￿181 securfty AccruaL8 and Incom8 7.421 722 2,195 7,421 1,9 10,338 9,371 Page 23 LLANFYLLIN DOLYDD BUILD￿G PRESERVATION TRiIST {A Company Llrnlt•d iry Gts•rnnt•¥l NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 14. Cf¢dltorn: Amounts l•lllng dkne after mor• th*n one ymr 2023 2022 Bank loans 40739D 411,307 In¢ludeé wthin the atrK)ve are amounts falliTrJ due a5 2023 2022 8•tsw•n and y•4rn Bank loan$ 7,421 7.421 B•fvmn Ind hv• y••rn Bank I￿ 22.263 22.263 Ov•r Ilv• y••rn nk lo•n 377,606 381,623 The aggregate amount ol Ilablits"e8 payable ry ￿paY£￿e wholly or in part rnore thbn fve yows after the repKJibng date is,. 2022 Payab￿ or rewyabkn by i[￿191￿￿n￿ 577￿06 381.623 3TT.606 381,623 The bank loan Is an Interest only10gn. èxpiring In 2033 wth a variabk nterest rate17.5% during 2¢231. The loan is secured over Ih? a55e15 of company. Page 24 LIANFYLLIN DOLYDD BUILi)ING PRESERVATION TRUST . IA Corwny LknIiDd by Guarants•l. NOTES TO ThE FINUCIAL STATEIIENTS FOR THE YEAR ENDED JO N0vEP￿ER 20ZJ 15. Ststsm•nt of fund8 Stat•ment of lunda-curr•nl y•ar B•l•n¢• *t B*I•D￿ •t 1 Novembgr 2023 Incom• Expvndlturn Unre8trlet•d fvnd• Dg•Sgn•tsd lund• D•5vJnat8d Fund• G•n•MI fund• Geneol FuThJs Revaluation re8erv¢ 186,94ei 1158.7641 321.788 269,963 60,OD7 166,9481 283,022 Total Unr••trb¢tsd lund• 274,963 80.007 I66.￿> 288,022 R•*trlctod fund• Green Hub History Room lers Ho 11.6821 4138 13,474 12101 158,3S61 5,113 12,214 Gable EThJ S7.096 18.127 159.5 160,2481 t7AOO Total of lund• 293,090 119,528 1127,1961 285,422 The deS￿r￿ted b81artè relatesto finanoal reserves set a>de frDm generdl fiJr*JB. The rastncted fvnd bal8n￿$ relate trj fijntjs ￿l¥￿j to ￿paIrS maintenance for spe&fic parts oftt building. Page 25 LLANFYLLIN DOLYDD BUILDVIG PRESERVAIION TRUST {A Comp•ny Lknlt•d by Gi1￿￿te•l NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023 18. Ststsment of fund• Icontlnuedl ststement olfund•" prfor￿*r IwJc6 èt 30 8818rLe 8t ExpeTrYitu 2022 Unmtriet•d lund8 O••lgn*t•d fund• D8signaled Fund$ G•n•ral fund• Gen•ral Furts Rwolualion reserve (41.231) 321.786 56.520 f67,092) (51.823) 327,786 2PiI.535 56.520 (67.0921 269,963 Tolal Unr•gtd¢t•d fund• 285.$35 167.092) 274,963 Ro•irJct•d fvnd• Green Hub History Room Masters Gable End 1.261 151 (930J 16¥ (6.3931 (5,3101 482 33 4. 138 13.474 4.837 5.694 18.784 &188 24.634 [12.69$) 14 127 Total of fund¥ 291.723 81. 154 (79.787) 293,090 Page 26 LLANFrtLIN DOLYDD 8UILDING PRESERVAIION TRUST IA Company Urnlied by Guarant•o1 NOTES TO THE FINANCIAL STATEME1￿$ FOR THE YEAR ENDED 30 NOVEMBER 20ZJ Analyo1• of n•t •8•4ts betwfftn lund• Analy$18 of not ¥M•ts b•1￿1n fvnd•- curront y•ar Total fund• 2023 lund• 2023 lund• 2023 Tangib￿ fixed as58ts Current a55tts Cre￿￿or8 due %￿h1Th on• y08r Creditor• In mor¢than ¢Y￿ y¢w 6￿.934 18.Y18 110.3381 1407.29)) 16,934 36.111 110,3301 1407,2901 17,4tXI Tot•1 17,4C 268.022 285,422 AnalyBl• of n•t •8s•ts lund8. prtory•ar Tt%al funds 2022 2tr22 2022 2022 T8ngibl6 fixéd assèts erltage asgets Current assets Credrtors dve Win cne year Credit￿8 du• in mLve th￿ one year 164&2139 64&213 671,570 26.357 645,213 42, 198 19,377J {411.307J 18. 127 24,071 19,3TIJ f411.3QTJ Total 18. 127 274,963 293.09Q 17. R•l•tsd p•rty tr•n•a¢tlo Mr Edcsy, M$ Z*orfk Mr (Trustees). cthe relauon of F INAn (r￿￿teel are tenanis ot business lets at LIèFfyllin Dcty(Id Builclirg PreSe￿al￿ Tru51 Th$ Trust ractyved a sum of £5,44e ITh rent 2nd for ublities th￿JghOut the year12Q22 £5.2201. The rent is al rnarkel rat8 Mr Eddy recewed £1.385 in arraTrJing the War￿[￿81 events 8TrJ trojnkh￿ tooknnp12022.. £4￿1. Mr DaV￿S receNes a £150 discounl Fer mcnlh on rent payments in retum lor Ca￿takir￿J duties at the chènty preTTh5e5. This arnounts lo a ￿scOUnt of £600 frtsm the month of hr6 appryntmenl a$ a Tw5tee to the year end. In the sarne perhyj, Mr 08vies pawj VE Charrty Q,620 prb ￿nI All re￿ted party trdn5a¢iK>ns are Ca￿lEd tyJl al market rale. P¥4e 27