2023-03-31-accounts - Cardigan Building Preservation Trust

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		Page
Report ofthe Trustees	1	to	4
Report ofthe Independent Auditors	5	to	7
Statement ofFinancial Activities
Balance Sheet	9	to	10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	19
Detailed Statement ofFinancial Activities		20

					Cash Flow Statement
				for the	Year Ended 31March	2023
						31.3.23	31.3.22
				Notes
Cash flows from operating		activities
Cash generated from operations						2,019,239	176,243
Interest paid						(11,196)	(7,093)
Net cash provided by operating activities						2,008,043	169,150
Cash flows from investing		activities
Purchase oftangible fixed	assets					(1,737,308)	(336,912)
Net cash used in investing	activities					(1,737,308)	(336,912)
Cash flows from financing		activities
New loans in year							80,000
Loan repayments in year						(200,000)
Net cash (used in)/provided		by flnancing		activities		(200,000)	80,000
Change in cash and cash	equivalents		in
the reporting period						70,735	(87,762)
Cash and cash equivalents		at the
beginning ofthe reporting		period				1,238	89,000
Cash and cash equivalents		at the end	of
the reporting period						71,973	1,238

			Notes to the Cash Flow Statement for the Year Ended 31March 2023	Notes to the Cash Flow Statement for the Year Ended 31March 2023
RECONCILIATION			OF NET INCOME TONET CASH FLOW FROM		OPERATING ACTIVITIES
					31.3.23	31.3.22
Net income	for the	reporting		period (asper the Statement ofFinancial
Activities)					1,716,711	278,255
Adjustments	for:
Depreciation	charges					226
interest paid					11,196	7,093
Increase in debtors					(48,890)	(233,074)
Increase in creditors					340,222	123,743
Net cash provided		by	operations		2,019,239	176,243
ANALYSIS	OF CHANGES			IN NET (DEBT)/FI/NDS
				At 1.4.22	Cash flow	At31.3.23
						g
Net cash
Cash at bank				1,238	70,735	71,973
				1,238	70,735	71,973
Debt
Debts falling	due afler		1 year	(200,000)	200,000
				(200,000)	200,000
Total				(198,762)	270,735	71,973

	for the Year Ended 31	for the Year Ended 31	for the Year Ended 31	for the Year Ended 31	March 2023
	INCOME FROM CHARITABLE ACTIVITIES
						31.3.23	31.3.22
				Activity			f,
				Building preservation
	Ceredigion CCtowards MH
	Project					197,022	198,462
				Building preservation
	Rural Development		Grant			89,301	8,119
				Building preservation
	Transforming	Towns Grant
	(place-making)					170,956	78,318
				Building preservation
	Transforming	Towns Grant
	(strategic)					118,199
				Building preservation
	Coastal Conununities		Grant			102,523
				Building preservation
	Cadw Grant
						40,000
				Building preservation
	Building ForFuture		Grant			1,010,069
						1,728,070	284,899
3.	CHARITABLE ACTIVITIES			COSTS
						Support
					Direct	costs (see
					Costs	note 4)	Totals
	Building preservation
					6,338	1,163	7,501
4.	SUPPORT COSTS
						Governance
					Management f	costs	Totals
	Building preservation
					163	1,000	1,163

COMPARATIVES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES	FORTHE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fund	funds
INCOME AND ENDOWMENTS FROM
Charitable activities
Building preservation
				284,899	284,899
Other income			5,983		5,983
Total			5,983	284,899	290,882
EXPENDITURE ON
Charitable activities
Building preservation
			5,374		5,374
Other				7,253	7,253
Total			5,374	7,253	12,627
NET INCOME			609	277,646	278,255
RECONCILIATION		OFFUNDS
Total funds brought	forward		5,732	1,223,074	1,228,806
TOTAL FUNDS CARRIED FORWARD			6,341	1,500,720	1,507,061

	for the Ye	ar Ended 31March 2	023
8.	TANGIBLE FIXEDASSETS
			Fixtures
		Freehold		and	Computer
		property	fittings		equipment	Totals
						8
	COST
	At 1 April 2022	1,561,046	28,015			1,589,707
	Additions	1,737,308				1,737,308
	At 31March 2023	3,298,354	28,015		646	3,327,015
	DEPRECIATION
	At 1 April 2022 and 31March 2023		28,015			28,661
	NET BOOK VALUE
	At 31March 2023	3,298,354				3,298,354
	At 31March 2022	1,561,046				1,561,046
9.	DEBTORS; AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
	Other debtors				323,658	274,768
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.23	31.3.22
						8
	Other creditors				469,213	129,666
	Accrued expenses				1,000	325
					470,213	129,991
11.	CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN			ONE	YEAR
					31.3.23	31.3.22
						200,000
12.	LOANS
	An analysis ofthe maturity ofloans is given below:
					31.3.23	31.3.22
	Amounts Slling due in more than five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal					200,000

		for tbe Year Ended 31	March 2023
			31.3.23	31.3.22
INCOME AND ENDOWMENTS
Charitable activities
Ceredigion CC towards MH Project			197,022	198,462
Rural Development	Grant		89,301	8,119
Transforming Towns		Grant (place-tnaking)	170,956	78,318
Transforming Towns		Grant (strategic)	118,199
Coastal Communities		Grant	102,523
Cadw Grant			40,000
Building For Future	Grant		1,010,069
			1,728,070	284,899
Other income
Rent			7,325	5,970
Miscellaneous income			13	13
			7,338	5,983
Total incoming resources			1,735,408	290,882
EXPENDITURE
Charitable activities
Sundries			13	13
Rents payable			6,325	4,970
Fixtures and fittings				66
			6,338	5,049
Other
Computer equipment				160
Bank loan interest			11,196	7,093
			11,196	7,253
Support costs
Management
Sundries			163
Governance costs
Accountancy fees			1,000	325
Total resources expended			18,697	12,627
Net income			1,716,711	278,255