REGISTERED COIIPANI. NLTMBER: 04J91324 {England aDd Wales)
REGISTERED CH.4RITI' ￿'U1%111￿R. 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 h￿torical 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 fina￿1&1 ￿.￿llIon of thc Trusi are prcscntcd in thc financial statements.
Goin£ coneer
Tlir tl"U5lrr5 UV115idri il appropriatr to pirpatc tlirsr Finaniial ststr￿￿nts 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 consti￿t¢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 AD￿lI￿,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 tsus￿es 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 State￿cn1S 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 compan￿4 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;
ha￿e 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 inf0m￿tion, ￿'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¢s￿ry
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 follo￿￿ng."
nature of thc chÉiril}' dnd ihc s¥LILTrr in ivhiLh it operales.
the legal and rcgulatory fraTne￿.0￿k in ii,hich the Lharii!, operdtes: and in particular those laws and regulatio￿8 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 W￿7¥.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 fu￿1claI 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 gI￿r 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 Preser￿￿tion 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 r￿cd 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(..0￿ClI,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()u￿tIn&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 ag￿e.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 estIn￿ted 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 t￿Stee5.
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. FRO￿1 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 Af*D 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 INCOIWIEIIEXPEP*DfrLIRE}
(163)
.716,874
1.716,711
REcONcILI.4TIO￿ OF Fu￿Ds
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 abO￿e 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 Fu￿￿s
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 cU￿ent )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 pa￿ble
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.