REGISTERED COIIPANI. NLTMBER: 04J91324 {England aDd Wales) REGISTERED CH.4RITI' 'U1%111R. 1092026 Report of tbe Trustees and Financi81 Statements for the Year Ended 31 fvlarch 2024 for Cardigan BuildiDg Preservation Trust Ashrnole & Co Manchcstcr Elouse Grosi'enor Hill Cardigan Ceredigion SA43 IHY Astrm(4e &Co.
CardigaD Building Preseri"alion Trnsl Con¢eDts of the FinaTrei21 Statements for the Year Euded 31 [arch 2024 Pa%e Report of the Trustees Report of the Independent Auditors Siatemenl of Financigl Activitie5 Balance Sheet Casb Flo Statenwnt otes to the Cash Flow Statement Notes to Ihe TrinAncial Sialements 10 to 15 Detailed StaterneDt of FAnancAal Aciii'ities 16
Cardigan Hllilding Preservation Trust Report of the Tru5te¢s ror the Year Ended 31 Nlarcb 2024 The rrnstces who are also directors of the charitv for the purposes of the Companie) Act 2006: prcscnt Iheir repori IlTltII the financial siatements of Ihe ¢hariN for the l'ear ended 31 fv1arch ?024. The tn]stees ha'e adc)pted ihe provisions of AILc)untingy and Reporting. by C.'hdTiIi¢5-. Sttit¢ment of Recommended PrdctiLe appliLable to chariticts pr¢paring their ac¢ounL8 ID acGordanLc witli the Finiin¢ial Reporting Sthndard applicablc in the UK and Republic of Ireland {FRS 10?) (eftective l January 2019). OBJEC'I'IVLS AND ACTIVITIES Ohje(tii'e4 and 2inis The objecis ol the uharily are ihe preseryalion of buildings of htorical or architectLwal merit for the public benefit in the Cardigan area. iiSE OF CUtI.DHAI.I. Lctling of thc gallcry and the three princlpal meeiing rooms io communtty groups and other bodies is undcrtaken by the .1 rust's sub-le%4ee, Mcntcr Aberteifi Cyf.. w?Ih ivhom the TThstees work closely. CARDIGAN MARKET IIAE.I. C,ardigan Nqarkel Hall, buili at Ihe sanie titne a% the Cjuildhall and attached to it. is also a listed Grade 2 buildino On 3 December 2020 the Ceredigion County Council granled the Trust a 99-vcar Icasc oN'ei the Markei Hall and thc Rdjaceni public toilet block for a pcppcrcorn rcnt. Undcr the tcrn]s of Ehe lease the Council retains respon%ibility for thc maintenance ot the Market Hall's external wa115 and bomc J0[ ilcms whiuh ihc TTUSt installed, namely the lift and thr main water and heating boilcr. The Market Hall bas noi been in a good of repair and stnce. 2014 the Trusiees haN'e been workin¥ tu restore and mudunis¥ Ihc buildin¥ Iv modern sthndards and io rdi%e the finance to do so. Tliis .-ark di.ided divided into N'o pha%es. Ph&%e I con%i.%ted of demolishing ihe loilet block and erecting the strucrure of an acccss block on the %itc. Phasc 2 as to r¢sioTe and modernisc thc Nqarkei Hall itsclf, including rcncwal of ihe roof, and to fit oui the access block, particular with a lili giving ac¢ess from Greentield Square car-park to both floor% of the Market Hall and so to Cardigan's main shopptn2 %treet. Phase ? PToeie%4 in the lattei half of thc >'ear wa% slow. due to delavs beyond the control of the Trust or our contractor but just aficr thc cnd of the }car the building wa% handed back to the Trnsl. and shortl). aftenvards bccame close to l 00/0 occupied b5 market sthll-holder%. The total cost of the %cheme was ultimately oveT £3m. Day to day managcTncnt ol. the market is Currenily in the han(Ls of Mcntcr Abcrtcifi on bchalf of the Trust. STIL,ITEGIC REPOR'I. Financial position The r¢sult¥ for the year and the fina1&1 .llIon of thc Trusi are prcscntcd in thc financial statements. Goin£ coneer Tlir tl"U5lrr5 UV115idri il appropriatr to pirpatc tlirsr Finaniial ststrnts undrr thc goin- ba81. STRUCTURE. GONTRNANCE AND MANAGEIIEIST Governing document "I'hc charity is controllcd by its goi'erning document, a deed ol tnLsi: alld constit¢S a limitcd company, limited b). guaraniee: a% defiTJed by the Compani&s Act ?006. Cardigan Building Preservation Trust is a ci)iiipany limited by euarantcc and none of the olTicers hold any slw¢s in the ¢ompany. It is goi'erned by its Nlemorandum and Articlcs of A5%0cialion. -l-he "l-w%l ."&4 intyorpordtcd as a company limited by guaTatitee in fvlarch 2001 and is registered as a chariry lib the Chariry Commi%%ioncrs. REFEREDICE ADlI,1STll4TlVE DET.4ILS Registered CompallTr' number 04191325 (England and I4:ales) Regiistered Charity number 109202() Pagc
Cardigan Building PreserY¢ion 'lrusl Report of the Trustees for the Year Ended 31]lareb 2024 Registered orriee Guildhall CARDIGAN Ceredi(Fion SA43 IJL Trustee5 M Davies R EvaJ)s J Orbach t) Omren Mts L sheen H Williani.q - Treasurer Mrs A F. Stokoe Secretary MTS L Sheen Auditors A%hmvle & Co Manchcstei House Gr()si'envr Ilill Cardigan Ceredigion 8A43 IHY STATELVLENT OF TRLSTEES. RESPO,51R1I,ITIF.S Coinpan). and ¢harity. law requires tl)e trustecs to prepare financial staiefflenL4 for each financial year which give a true and fair vie, of the state of affairs of the chariti, and of the surplus or deficit of the chariiy for ihat period. In preparing those fmancial statements. the tsuses are required io.. ¢lect quitabl¢ aLLounling policies and then appl%. them CO$1%1entlj'- - make jud(ments and estimates that are reasonablc and prudcnt. prepare Ihe financial slalcmcnts on thc going conccrn basi5 unlcss it i.% inapproptiate to pre.sume that the charity will continue in business. Thc InLslces are rc%ponsible for keepin¥ proper accounttng records ..h disclose with reasonablc accurac}. at any tirnc the linancial po%ition ol. the charit), and to enablc it io cnsurc thai thc financial Statecn1S comply w'ith Ille CompaTrics ALt 2006, applicable Rtandards. thL 8taiemcnt of rccomniLndcd practicc and the regulatio made under the Charitie% Act 201 l. The trustees are also re5ponsiblc for 5afe&YuaTding the at%ets' of the charitk. and hence for taking reasonable steps lor the preN'ention and detection of fraud and other irregulariiics.This report ha% been prepared in accorddncc with Ihe SP¥Ll¢il proi'isiuns ol Part 15 of Ihe Companies ALI ?006 relaiing 10 small LOtnpanieN and MTith the provi%ions of the Charities ALI 2011. AUDITORS The auditors, Kshmole & Co. will be proposed for re-appoilllment at thc forthcominu Annual General Meeting. Rcport of thc trustccF, incotporating 3 5tratctsic rcport: approi""cd bi. order of the board of trustccs. the company dircctors, on ../? rt2)L5C...lol y. ... and sign¢d un ihc board'5 behalfby.. H Williaffns - Trcasurcr- Trustce Page 2 Ashrno & Co.
Report of the Independent.4uditors to the Trustees of Cardigan Building Preseriation Trust Opinion We hai'e audited the financtal statements of c.ardigan Buildinv Presenialion Trust (the 'chari(able Lompanv,) for the year ended 31 March 2014 Thhicli cornprise the Statement ot Financial Actii."itie5. the Balance Shc¢l, th¢ Cash Flow Statement and note% to the financial statements: includine a Summary of significant accounting policic%. The financial reportin(T frarncwork that has bccn applicd in thcir preparation is applicable law and United Kingdom Accountina Standards (Unitcd Kingdom Gencrally Acccptcd Accountino Practice). In our opinion the financial 5tatenicnts- ji.'e a truc and lair view of the stale of the charitable compan4 affairs as at 31 fvlarch 2024 and of ils incoming re8ourLc5 and application of resources, includillg lis income and expendilure. lor ihe year then endcd; hae been pri)perlv prepared in accordanLC ivith Unitcd Kingdom Gcncrally AccLPted ALcounting Prnctice- and have been prepared in accordance M'ith the requirements of the Companies Act 21106. Basis for opinion We Londucted our audit in accordance Inl¥rnatlOlldl Sidndards on Audiling (UK) (IS,4s (UK)) and applicable law. Our responsibilities under ihose standartls are further de%¢ribed in the Auditors, reqponsibilities for the audit of the t-mancial stat¢menls section of our rcport. il'e are independent ol. the charitsble company in accordancc '1th the ethical requirements that are relevant lo our audii of the financial stsiemenLS in ihe UK, including the FRC'4 EthiLdl Standard, (Ind e hai'¥ fuifill¢d our oiher ethical responsibiliries in accordance with these requiTemeiits-. We bclicvc ihal the audit evidence we haN e obtained is sufficient and appropriate to proi.ide a basis for our opinion. Conclusions relating to going ¢OD¢ern In auditing the finanLial statemenLN, 'e hai'e concluded that the tnLStees' use of the going concern basis of accouDlillg in the preparaiion ofthe fmancial statements is appropriate. Based on the iirDrk li'e have perfornied. 'e hai'c not identified dn> tndlcridl unLcr(ainlics relating lo el'ents or conditions that, individually or collcctii'cly, may casi siyificant doubt on the charitsble Company's abilitii lo ¢ontinue as a going concern for a period of at Ica5t tw'elvc monihs from when the financial .statemenL% are authoriscd for issuc. Our rrspL)nsibilitics and the responsibiliiies of Ihe trnslees witli respect to going concern are de.%cribcd in the relevanr sections of this report. Other information Tlie iruilees ftre responlible for the other intorniation. The other infornialion cornpiises thc iT)formation in¢luded in the Annual Report, other than the financial statemeuts alld our Report of the Indepcndcnt Auditors thcreon. Our opinion on the tinancial 51aiemenis docs nol coi'cr the oihcr infc)TmaiicTrn dnd: eAcepl lo ttie extent othcThry.%c cxplicitly staled in our rcport, wc do nol c.xprcs5 of a&%urance conclusion Ihereon. In connection with our audit of the financial staternents. our responsibilitsi is to read the other inforniation and, in doino so, Lunsid¥r wh¥ih¥r the oiher informaiion is [ertaI1V inconsistent 1th the tiiiancial %tatemenL% 01 oui knowledge obtained in the audit or othen4'ise appears lo be materially mi55tated. If The identifv such niateTial incon%islencics or appareni material mis%iatcmcnts: iyc arc rcquircd io dctcrminc whether this gil'es rise io a maierial mif statement in the financial .&taiement5 themseliies. If: ba5cd oll thc .ork wc hdi."¢ peilurmd. Ivc Lon¢lude Ihal tliere is a TnateFial mi4sthiement Trt thi.% other inf0mtion, 'e arc Tcquircd io rcpon ihat faci. Wc hai'c nothing to ieport in Ihis IcgaTd. Matters on Ivhieh lie are required to report b!, eiception Wc l)avc nothinu to rcport in rc%pcct of thc fulloi4qng lli¢ilt¢rs wh¥re Ihe ChaTili¥s (Acuounls and ReporLsl Regulalions 200R requiic% u.% to rcport lo you if. in our opinion" th¢ infortnation given in the Report of ihe Trustees is inconsislcnl in any matcrial rcspccl the financial -gtarementS.' OT the charitable company has not kept adequale accounting rccoTds- or tlic financial statenicnts arc not in agrttment M'ith the accounting records and returns: or we have not received all Ihe infomialion and explanations 'C require for our audii. Page 3 AShM & Co.
Report of the Independent .4uditors to the Trustees of C.ardig*ii Huilding PreserFation Trust Responsibilities of trustees As ¥xplained tnorc full), in thc Staiement of Trusiee%' Re.8ponsibilities: tlie trnsrees are also the directors of the cliariiable con]pany for the putposes of compan. law} are responsible for the prq>aration of the fmancial statcmcnts and for being satisfied thai Ihe)- gil'e a trne and fair l-ic". and t-or such inicrnal coTJtrol as the iwslees delerniine is nec¢sry to enable the preparation or rmancial statements that are tree from material mikslatement, wh¢iheT due to fraud or error. In preparing ihe financial %iatements: the trustecs aic rciponsible for assessing the cl)aritable compan>"'s abilily (o continue as a going concLrn, disc105Tng, a% applicable. mailer.s relaied to going concern and usin¥ Ihl" (Foing conLern ba5JS Ot accountino ulllcs5 thc truslccs ciihcr inlcnd tv liquidale ihe charitable company or to ccasc operationq, or have no realistic alicrnalii'e but lo do so. Our respoDSibilities for the audit of the financial statements We have been appointed as auditors under Seciion 144 of ihe Charitie5 Act 201 l and rcport in accordance with the Act and relevani regulations made or having effect thereunder. Our objective% are to obtain rcasonablc assurdncc about whether the fjnancial statements a whole are free from malerial misstatement: M,hether due to Sraud or ertor: aTJd to ib5U¢ <1 Reporl of the Independent Auditor% that in¢lude8 our opinion. Reasonable &s5uiancc is a hiiwh l¢i-cl of assurance: bul li nol a guardnlee tbat an audil conductcd in accordance "ith ISA5 (UK} will aliv¢iJ% dctccl a material missiatement 'heTh it exi%ts. Nlisstatcmcnt5 Lan arise from traud or crror and are considered niaterial it-, individually or in the aggregate. they could reasonllbly be expeLted to utt]ucncc Ihc CLunomiL decisions of us¥rs lakcD on the basis of these finan¥ial sthremenLs. The extent lo which our procedures arc capablc of dclcctin£ irrcgularities: including fraud is detailed below.. In idei)til}'ing and a&se.ssing ri%k£ of material mi&at£ent in rcspcct of ittegularilieb, including fraud and non-¢ompliance widi and regulat10115, i4r con5idercd the follong." nature of thc chÉiril}' dnd ihc s¥LILTrr in ivhiLh it operales. the legal and rcgulatory fraTne.0k in ii,hich the Lharii!, operdtes: and in particular those laws and regulatio8 that directly affect the fillancial statemenL% or haire a fundamenial cffccl on opcratiODS cg Charities .4ct 2011, health and safety. legislation. results ol enquiries of manaoement and those charged ivtfh gokernanc¢ any matiers identified relating to ihe charits's poltcies and proccdurc5 for idcntifiing, ei'alualtng and complving Hryth law% and regiulations. and whcthcr thcrc were an) instances of non compliance. deteciinu and respondin¥ to thc ri%ks uf frdud dnd M.h¥ihvi Ihere li an}." knoM.ledge of actual. suspected or alleged fraud. the internal control% c%tsbli.%hcd Eo TnilibFdte ri%Ls of fraud or non compliance '1th laivs and regulatLOll5. As a resuli of perforn]ing ihe aboi'e. u'e did tx)l identif), anv key audit matlers relafed to potential risk of fraud or non tyompliJni¢ iviih laws and regulations. In addition to the abovc. our proccdurLS included.. reviewing the linancial staternent disclo%ure% and iesling io SUPPOlling documenlalion to assess conipliance releN'ant la,4 and regulation. cnquiri¢5 Ot manaccTtLcnl and thosc rhargrd with goNtrnancc conccrning actual and polcntial liligation and claim¥ perforniing analy1ical procedures lo identify anJ unusual or une.xpected relationships that may indiLdt¢ ri.skg of Illaterial mi551dternent dut tLi fraud reN'icw of minule% of committee meeungs itlen representations A furtlier description of our re%pon%ibilitie.4 for thc audit of th¢ fiTJaT]¢ial 8tstemenLS is located on the Financial Reportin Council's 'ebSIte at W7¥.frC.org.UklaudIl0r5r¢Sp0V1sIbI]itie. Thi.$ descriplion fonns part of our Report of the Independeni Auditors. PropertTr' valuution The property is an heritage assei and in the Financial Staiernents ai cost and Cost of rcnovaiion8. Our opinion ig that this needs to be rel'alued to market ZIue as it ivould bc con51dcTed llnTecoverdble 81 the current Net Book- Value. Thi% revaluation is intended to take placc in thL March Tro?) AcLnunL% Pagc 4 AthrnO & Co.
Report of the Independent Auditors to the Trustees of Cardigan Building PreserTra¢ion Trust Use ofour report Thi% report ]% made %olely to the charitable LOTllPdll>'S Iru%tc¢s. as a body.. iii 41LLoidanc¢ with Part 4 of tlie Chariti¢S (Accounts. and Rcportsl Rcgyulations ?008. Our audil u'ork h&$ been undertaken .80 thai niight state to the charitable companls trusiees those mailers we are required io slate to ihern in an auditors, Teport and for no oihcr purpose. To the fullesi exient perniitted bl, law. we do noi accepi or assume refponsibiliry. 10 an.one oiher than the charitable coJJ]pany and ilie chffjtdble Lompdlly'8 trn.stee.% a% a body.. for our audit worL for this report, or for the opinions we haiTe forJ]ied. sW--I. Ashrnole & Co Eligible 10 aci &$ an audiior in iernLS of Sectton 1212 of the Companies Act 2006 Manche%ter House Gro%i'enor Hill Cardigan Ceredigion SA43 IHY Page 5 Ashmde a Co.
Cardigan Building Preseri'¥tson Trust siatt.menl of Tr"inancial Actiirylios for the Year Ended 31 Mareh 2024 31.3.24 Total funds 31.3.23 Total Unresiricled fund Resiricred fund IIYCOME AND EIIDOThI¥IENTS FRONI I Charitable activities Building pr¢5CtV¢ltic)n 778,386 778,386 1,7?8,070 Other income 5.014 5.014 7.338 'rotAI 5,014 778,386 783.400 1.735,408 EXPENDITURE 01 Charitable actii'ities Building preseThation 4.858 4.858 7,501 Other 6,049 6.049 11,196 Total 4.858 6.049 10.907 18,697 NET INCOME 156 77?,337 772,493 1,716,711 RECONCILIATION OF FUI%DS Total funds brought forward 6.178 3 ?17.594 3.223.772 ,507,061 TOTAI. FUNDS CARRIED FORM'ARD 6.334 3.989,931 3,996.?65 3.223.772 The notes forn) part of thcsc fu1claI statcnKnls Pagc 6
Building Preservation Trust Balance Sheet 31 March 2024 31.3.24 Total nds 31.3.23 Total tunds Unrestricted fund Restricied fund FIXED A&45E'I'S Tanuyibl¢ asscls 4,058.160 4.058,160 3,298,354 CURRENT ASSETS Debtors Cash at bai 5.106 1.228 50,175 2?,663 323,658 71,973 21.435 6,334 7?,504 78,838 395,631 CREDITORS Amounts falling due 1th1n one year (140.733) (140,733) (470,213) NET CLRRELNT A?iSF.TS 6.334 (68,229) (61,895) (74,582) TOTAL AS%ETS LESS CURRLLY'I. I,IABII.ITIF.8 6.334 3,989,931 3,996,?65 3,223,772 NE'I" ASSE"I"S 6.334 3,989.931 3,996.?65 3,223,77? FUNDS Unrestricted funds Re%iricied fund% 10 6.334 3.9A9.931 6.178 3.217,594 TOTAI. FUYDS 3.996.?65 3,223,772 The Lharilable company is entitled to exejnption fro]ll audit undcr Scction 477 of the Companies Act 2006 lor the year ended 3 1 March 2024. Thc mcTnbcr% hai"c not dcpo.4iied n(Triice. purguani io Section 476 of the Companies Act 2006 requiring an audit of thc%c fjnancial stateinents. I'he trustees acknowledge their ie5ponsibilitic¥ for eii%uring t]Lqt thc charitiblc con]pany kceps accounling records dL7t coniply ryth Section5 386 and 387 of the Companies Act 2006 and PTeparing, financial statemenis ii'hich gIr a ITUC and lair *icw of ihe state ofaifairs of tlie charitablc con]pan>' as at the end of each financial ycar and of its butplus 01 deficit for each financial year in accordance with the requirements of Seciions 394 and 395 and ii-hich otherwi%e compl)" ..Ith the requircmcnls of the Coinpanie% Act 006 relating to f]nancial £tatemenls: qo far as applicable io ihe. charitablc compan). (b) Thcse financial statements have been audited under the requircmcnts of Scction 145 of th¢ Charilies Act 2011. The financial %tatemcnts cre appr(Tri'ed bv the Board of Trustccs and authorised for i4suc . and were signed on its bchalf by= on 19 H William5 - Treasurer- Tw5te¢ The noies lomi part of the%e financial 4tatcmcnL Ashwnr & Co Page 7
Cardi%xn Building Presertion Trll5t Casb Flow S¢atement for the Tr-ear Ended 31 Ilarch 2024 31.3.24 31.3.23 Notcs Cash flows from operating actii'itie5 Cd%h genL"raled Irnm i)perations Interest paid 716.545 (6,049) 2,019.239 (11.196) Nel cash PTOI'ided b). operdting activities 710.496 2,008,043 Cash flom's from ini'es¢iTrg activities Purclia%e ot tangible rcd assct {7i9:80(Trl {1,737.30R) Net cash used in investing aciiTrities {759,806) (1,737,308) Cush flvTrvs fruTh activities Loall rcpa)qncnts in )'ear (200.000) Nei Cash proN'ided byi(uqed in) fmancing acliN'ities {200.000) C'hange in cash and eash equii'alents in the reportin% period Cash And eash equivalellts at the beginning of the reporting period (49.3 10) 70,735 71.973 1,238 Cash and cash equivalents at the cnd uf the reporting period ?2,663 71.973 The nolcs fomi part of ibese fmancial stsiemenls Athmole & Co.
Cardigan Building Preseri'alion Trusl ote5 to the Cash Tr loitr Statement for the Year Ended 31 March 2024 RE(..0ClI,IA TION OF NET tYCOME TO I%ET C.4SH FI.OW' FROM OPF.RATThG ACTIVITIFS 31.3.24 31.3.23 Net incorne for the reporting period (a5 per the 5talemenl ol Trinxneial Aclivitiesl Adjustments for: Iniere8t paid Detyreasei{increase) in debtors IDecrea%e)iincrease in credttors 772,493 1,716.711 6,049 267,483 (329,480) {48,890) 340.?22 Net cash pro3'ided b!. operations 716.545 2,019.239 AEIALI'SIS OF CIIANGES ILI, .YkT DINDS At 1.4.23 Cash flo, At 31.3.24 Net cas Cash at bank 71,973 (49.310) 2?,663 71,973 149.310) 2?,663 Total 71,973 (49.310) 2•,663 The noles forni part of these fmancial stalemen Page 9 AshTnolc & Co.
Cardigan Building Presen'ation Trust -%ote5 to the Tr inancial Statements for the Year Ended 31 Ilarch 2024 ACCOUNTING POLICIES Ba515 of preporin% the financial slatements The flnancial STaiements of the charitable companv. which 1% a public benefit eniiiy under FRS 102, have been prepared in accordallce the Charitie5 SORP (FRS 10?) 'AcL()utIn&T and Reporitng b), ChdritLCS= Siaieniei)t ol. ReLomrnended Practice applicablc to LharitiLs prcparin(p Iheir accounts in acco.rdance '1th thc l.-inancial Rep(irtino Standard applicablc in ihc UK and Republic ol Ireland (FRS 10?) {effectivc l January 2019}', Financial Rcporting Standard 10? '-I'he Pinan¢ial Reporting Standard applicablc in the UK and Republic of Ireland, and the Companies Act 2006. The tinancial siaiements hai'e been prcparcd und¢r Ihe historiLal cost ODN'entiOD. Income All income is recognised in ihe Statement of Financial ActiN"'ities once the charity hdts enliilemeni lo the fund%, it is probable that the income will be received and the amount can be rnea%ured reliably. EApendAlure l.iabilities are recognised as expendinwe as won a% thcrc Ts a Ic¥al or con%tructiN'e obligation coinniitiing, Ihe cliarity to thiqi expendimre: it is probablc that a tran%fcr ()[ ec(TrnnmiL beTJefiLN 11 be rcquircd in settlement and tELe atnount of the obligalion can be mea£ured re113hl> F_xpenditure 1% accounted for on an accThals basis and lias bccn clas.sificd undcr hcading5 thai age.gate all co£t related to the catenorv. Ilq)erc cosls cannot be directly attributed io particular headings tIK)' hai."e been alloLaied lo actjvllies on a basis consistent 1th the use of re.4ourccs. Tangible fixed assets DLprLLiation its pro¥'ided ai the following annual rates in order to WTite off each oi'¢T il8 estInted u5efiil Fixtures and fittings Q ompuier equipment al arling ralcs on co%t Taxation Thc cbarit! 15 cxcnipt fro¥n corporation tax on 11.8 charitable actiNryties. Fuiid aceounling Unrestricted can be used in accordance the charitable objeciives at the discretion of the tStee5. Restricted ndS can only be used for parliiular rc%triblrd PUTtK)se8 wiihin the objecis of the clwity. Re%triLtion arise when spccified b). the donor or .hen fun(t% are raised for particular restricted purposes. Further explanaiion of the namre and piirpose of each ib ijicluded in the note% to th¢ finanLial statements. Page 10 A5riniole & Co.
Cardigan Buildin2 Preservation 'l-rust otes to the Trinaneial StatemeDts - contiumed for the Year Ended 31 _Nlarch 2024 INCOIIF. FRO1 CHARITABLE ACTIN'ITIES 31.3.23 Building preser¥ation Heritage Lottcry Fund 142,992 Building prc5enation Cerediuion C'C towdrds MH Project 195.049 197,022 Buildin¥ pre4crk'aiion Rural Dei.elopmeni Grnnl 15,510 89,301 Building preser¥.-alion Trdn%tormin¢y ToThTL% Grant {place-mak-ing) 170,956 Building presern""ation Tran%forniing Grdnl (%tralegYic 28,?74 118,199 Buildin8 prcscTh""ation Coastal Communities Grant 134,010 102,523 Building prescTration Cadu. Grant i 0.000 40,000 Buildino ¥ prcscrvation Building For Futurc Grant 252,551 1,010,069 778,386 1.728,070 CII.4RIT ABI,F. ACTII'ITJF.S CI)ST.S Support costs (see niTrte 4) Dirucl Cosls Totals Building pie%cTr'ation 4,013 845 4,858 Page I conr Asnmde & Co.
Cardigan Building Preservation Trust Nute5 to the Tr inancial Statemellls- conlinued for the Year Ended 31 .Vlareh 2024 SLPPORT COSTS Goi'ernance costs Manaocment Totals Building presCTh'aiion 195 650 845 TRUSTEES, RE,NIUNERA TION A_ID ITS There were no Irusiees, remuneration or other benetits for thc ycar cndcd 31 March 2024 llOT for the year cndcd 31 March ?0?3. Trustees, expenses There 'ere no tru5tees' expcnscs paid for IIK ycaT cnded 31 Nlarch 2024 nor for thc Jcar ended 31 March ?02.3. COIIqPARATII'ES FOR THE STATE.IIE)'T OF FINL)TCLIL ACTIvrrTF,S Unrestricied fund Restricted fund Tolal IYCOLIIE AfD EfiDOM'I%IE_NTS FROM Charilable actiiities Building presern'ation .728,070 1,728,070 Othcr income 7.338 7,338 Total 7.338 -7?8.070 1.735,408 EXPEIYDITURE ON Chsritxble activities uilding, pre.servaiion 7.501 7,501 Other 11,196 11,196 Total 7,501 1,196 18.697 NET INCOIWIEIIEXPEPDfrLIRE} (163) .716,874 1.716,711 REcONcILI.4TIO OF FuDs Total funds brought forn'ard 6,341 1.500,710 1.507,061 TOT.41. FI:NDS C.4RRIED FORM:ARD 6.178 3 ?17.$94 3.223,772 Pauc l? conlii H&limole & Co.
Cardiggn BuildiDg Preseri'2tioD Trust Lyoles to the Filiaiieial Statements - continued for the Year Ended 31 Illarch 2024 TAf4GIBI.E FIXF.D ASSETS Fixtures and fiiting5 Conipuier equipmenl Property Totals At l April ?023 Additions 3.298.354 759,806 28.015 646 3.327,015 759,806 At 31 March 2024 4.0fj8.160 ?8,01.5 64& 4,086,8?1 DEPRECIATIOY At l April 2023 and 31 March 20?4 ?8,015 646 28.661 PIET ROOK VALVE At 31 March ?024 4,058.160 4.058,160 Ai 31 MarLh 2023 3 ?98,354 3I98,3.f4 DEB TORS: JknllOUNTS F.4LLIIG DLfE WITHI1% ONE YEAR 31.3.24 31.3.23 Othcr dcbtors 56,175 323.65 CREDITORS: LMOUNTS FALLLNG DUE OTr*F. YF.AR 31.3_24 31.3.23 Other creditors Accrued expenses 139,733 1,000 469,213 1.000 140.733 470,213 io. IOI£IIIENT ty FLNDS el movement in fund% Ar 31.3.24 At 1.4.?3 Unrestricted funds General fui)d 6.178 li6 6.334 Restrieted funds RestriLtcd 3.217,594 772,337 3,989.931 TOI"AI. FLIN'DS 3.?23,77? 772,493 3,996,265 Page 13 coiiiii A¥nnI0 8 Co.
CArdigan Building Preservation Trusl oles to the Financial Stalements- continued ror the Year F.nded 31 Nqar¢h 2024 io. IOVF,MENT IN FUNI DS - continued Net movLment in funds, inLluded in Ihe aboi."e a as follows.. Incoming rcsourcL Resources expended Movement in funds L llrestricted funds General fund 5.014 (4,858) 156 Rcstrieted funds Restricted 778,386 (6,049) 772.337 TOTAL FUNDS 783,400 (10,907) 772,493 Comp8rative5 for tnuvetnent in funds Net niovement in funds. Ai Ai 1.4.2? Unrestricted funds GL"nurdl fund 6,341 (163) 6,178 Restricted funds Reslricted 1.500.7YO 1.716,874 3,217,594 TOTAL FUNDS 1.507,061 1,716,711 3 ?23,772 Comparatii't net ffnoi'emenl in funds: included in the abOe are as follows: Incoming re.wurLes Resources expeiided Movement in fund Unrestritted funds General fund 7.338 17,501) (1fi3} Restricted fund5 Reslricied 1.728.070 (11,196) 1,716,874 TOTAL Fus 1.735,408 (18,697) ,716,711 Page 14 Lonlii J4sninole % Co.
Cardigan Buiidillg Presen'Ation 'frust l%oles to the Fillalltial Statements - continued for the l-ear Ended 31 l¥larch 2024 io. I¥IOIFEMEN'I" 11% Tr"UNDS>- Continued A cUent )rar 12 month% and Prior year l ? months combincd p05iiion is as follous: Nel moi'ement At 31.3.24 At 1.4.22 Unrestricted funds Geticral fund 6.341 (7) 6,334 Restricted funds Restricted 1,500.720 2.489,211 3,989,931 TOTAL FUTr*DS 1.507.061 2.489.?04 3,996 •65 A currcnt vcar 12 months and prior JEar 12 nionths" combined net moi'eTnent in funds. included in the above are as follows.. tllcomtng resourues Resources expended NIoiTerne.nl iii funds Unrestricted funds General fund 12,35? (12.359) (7) Rcstricted funds RestriLicd ? 506,456 (17.245) 2.489,211 TOT.4L FUNDS 2,518.808 (29,604) 2,489,204 ii. RELATED PARTY DISCLOSLIRES I"liere were no relaied party irnnsactions lor the }rar ended J l March 20?4. Page 15 Ashrnole & Co.
Cardi%¥n Building Preseri'ation Trust Detailed Stotement of Financial ,letiTritits for the Year Ended 31 larch 2024 31.3.24 ILYCOME AND EIIDOIIryIEP4TS Charit*ble activities Heritage Lottcry futjd Ceredigion CC towards MH Projecl Rural De.¢10Pm¥nt Grani Transforni1n Tom$ Grdnt (placc-making) Tran%fonninn Toiirs CJfdnt (%trategic) C.oa5tal Communiiies Grant Cadw Grant Building E'"or I'uture Grant 14?.992 195.049 15.510 197,0?? 89,301 170,956 118,199 10?.5?3 40.000 1,010,069 28.274 134.010 10.000 252.551 778.386 1.728,070 Other income Rent liscellaneou.s income -5,000 14 7,325 13 5.014 7,338 Totgl ineoming resourees 783.400 1,735,408 EXPENDITURE Charitahle actiTrities Sundries Rents pable 13 4,000 13 6.32.5 4,013 6,338 Oth¢r Bank Iocin interesi 6,049 Support Costs Mallagen]ent Sundries 195 163 Goi'ernance cost5 Accounlancy fccs 650 1,000 .1 otal resoufLe.8 expended 10,907 18,697 e¢ income 772.493 ,716,711 This page does not forn) part ot Ihe sthwiory financial 4taiemenL Pagc 16 Ashmole & Co.