REGISTERED COMPANY NUMBER: 04681702 {England and Wales)
REGISTERED CHARITY NUMBER: 1106646
Re
ortof h Tr
.V_ngydited Financial Statements
for the Year End_ed 3.lst March 2024
for
Llanelly House_Tru5t Ltd
Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Llanell House Trust Ltd
Content5 of the Financial Statements
for the Year Ended 31st March 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Flnanclal Activitles
Balance Sheet
Cash Flow Statement
io
Notes to the Cash Flow Statement
li
Notes to the Flnancial Statements
12 to 23

Llanell House Trust Ltd
Re
Istered number: 04681702
Re
ort ofthe Trustees
for the Year Ended 31st March 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31st March 2024. The trustees have
adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.
OBJECTIVES AND AcfiviTIES
Oblectlves and aims
The Charity's objectives are for the benefit of the people of Carmarthenshire and the public at large and are to
preserve, restore and regenerate, the historical, architectural, archaeological and environmental interests.
To advance the education of the public in history, arts, culture and heritage in Carmarthenshire.
In pursuance of its objectives the Charity may promote such charities or charitable purposes as the Charitv
decide by unanimous resolution of its members from time to time.
The Trust is now focusing primarily on preserving the heritage of Llanelly House, and has no funding
opportunities for future projects.
Public benefit
The trustees confirm that they have complied with their duty in section 17151 of the 2011 Charities Act with
regard to the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and
objectives in planning of future activities.
The Charity has demonstrated its aims are for public benefit through the provision of activities and events
which have enabled all to enjoy and experience, including activities such as the Community Engagement work
that continues through the efforts of the Llanelly House team.
The Trustees would like to thank the House team for their sterling efforts, commitment, enerbry, and
enthusiasm during the year. The diverse range of events and functions organised by the staff are helping to
make the House a unique venue as well as a major player in revitali5ing the town centre.
Page I

Llanell House Trust Ltd
Re
istered number: 046_81702
Rep.ort of the Trustees
for the Year Ended 31st March 2024
ACHIEVEMENT AND PERFORMANCE
Charilable artivities
PROJECTS
Llanelly House Operation
In April to July 2023 Llanelly House was thriving hosting events, tours and promoting Llanelly House.
Tragically in the early hours of Sunday, July the 9th 2023 an electric fire occurred in the plant room. Thankfully
the fire was promptly extinguished by the fire brigade however significant damage was suffered to all the
essential plant room equipment. Extensive work was conducted in the subsequent months and on Monday the
5th of February 2024 the house was finally ready to reopen. Since then, we have been delighted to host a
variety of events such as weddings. conferences, tours and to offer a wonderful space for the many community
groups who continue to support Llanelly House.
Funding from Carmarthenshire County Council and Llanelli Town Council continued in 202312024, with Llanellv
House successfully securing funding for the 202412025 years. The funding was awarded in recognition of the
extraordinary overheads incurred in maintaining the historic building known as Llanelly House.
In April 2023 Llanelly House was able to secure a grant from the Rural council for much needed building
repairs. In October 2023 a large grant from the National Heritage Lottery Fund was awarded to us and works
on painting and equipment upgrades begun.
Llanelly House continued to diversify its programme of events and continued supporting Ymlaen Llanelli and
other local social enterprises in its quest to deliver events to encourage much needed footfall in the town
centre.
The Llanelly House Schools Project Workbook is nearing completion, and we will roll out the new children's
educational school tours in the new school year.
The financial performance of Llanelly House operations is reported separately as the trading company Plas
Llanelly House Cyf.
FINANCIAL REVIEW
Principal funding sources
The Charity is entirely reliant on earned income and grants and the principal sources during 2023124 were:
Carmarthenshire County Council Ilanelly House
Llanelli Town Council Llanelly House
Management Income - Llanelly House
The Llanelli Rural Council
The National Heritage Lottery Fund
Investment pollcy and objectives
The Charity had no investments and there were therefore no social, ethical or environmental issues relating to
the policy aspects.
Page 2

Llanell House Trust Ltd
istered number: 04681702L
ortofth Tr
te
for the Year Ended 31st March 2024
FINANCIAL REVIEW
Reserves policy
At 31st March 2024 free reserves were £201,098. Llanelly House ha5 much of its reserves tied up in its
Leasehold property (Llanelly House) and the maintenance thereof. This property IS the crux of its operations,
without which the Charity could not offer its services. Otherwise. it tries to maintain sufficient reserves to
meet ongoing maintenance and other costs.
The reseNes policy is reviewed annually in the light of the main risks facing the charity. Having re-examined its
strategic plan, the Trustees will seek to maintain a reserve level that will enable it to carry out any repairs
necessary as and when they arise.
Going concern
The Charity has secured funding from Carmarthenshire County Council and the Llanelli Town for 202312024
with a review after a two year period. Discussions have indicated the need for ongoing support for 2024125
and beyond.
The trustees therefore consider it appropriate for the financial statements to be prepared on a going concern
basis.
FUTURE PLANS
It is clear that the main objective for the charity is to ensure its operations are sustainable in the mid to long
term, and that this will require constant vigilance and review of the business plan and objectives with accurate
monitoring of targets and margins. Future external funding is likely to be needed for major maintenance
projects.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes 3 charitable company,
limited by guarantee, as defined by the Companies Act 2006.
Recruitment and appointment of new trustees
New trustees are recruited from individuals who are already supportive of the charity and its objectives. The
Trust follows best practice in the recruitment and training of trustees as suggested by both the Charity
Commission and the Wales Council for Voluntary Associations.
Initial training includes a full briefing on the operation of the trust, details of trustee responsibilities and
liabilities, health and safety and are provided with financial information together with a copy of the governing
document. A skills audit is undertaken when appropriate to ensure that current trustees have the requisite
skills and experience to undertake their role fully and competently and to identify potential gaps.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
04681702 (England and Wales)
Page 3

Llanell House Trust Ltd
Re
istered number: 04681702
ort of the Trust
es
for the Year Ended 31st March 2024
Reglstered Charity number
1106646
Registered offlce
Llanelly House
8ridge Street
Llanelli
Carmarthenshire
SA15 3UF
Trustees
Ms A Evans
MBOwen
Dr K Jones
J E Phillips
R Stephens (resigned 20.2.241
N Symmons
P R Piana
Independent Examiner
Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2N8
Bankers
Lloyds Bank PLC
21 Stepney Street
Llanelli
Carmarthenshire
SA15 3YD
Approved by order of the board of trustees on 25th November 2024 and signed on its behalf by..
Dr K Jones - Trustee
Page 4

Inde
Èndent Examiner's Re
ort to the Trustees of
Llanell House Trust Ltd
Independent examiner's report to the trustees of Llanelly House Trust Ltd ('the Company'l
I report to the charity trustees on my examination of the accounts of the Company for the year ended
31st March 2024.
Re5ponsibilitles and basis of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance with the requirements of the Companies Act
20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the
2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's
accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my
examination I have followed the Directions given by the Charity Commission under Section 145151 Ibl of the
2011 Act.
Page 5

Inde
endent Examiner's RÈ ort to the Trustees of
Llanelyl House Trust Ltd
Independent examlner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can
confirm that l am qualified to undertake the examination because l am a member of the Association of
Chartered Certified Accountants, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 2006
Act,. or
the accounts do not accord with those records,. or
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other
than any requirement that the accounts give a true and fair view which is not a matter considered as
part of an independent examination; or
the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities (applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 10211.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Mrs Laura Joanne Craddock
Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB
25th November 2024
Page 6

Llanell House Trust Ltd
Statement of Financial Activities
for the Year Ended 31st March 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
630
630
Charitable actlvities
Llanelly House operations
137,500
26,972
164,472
162,000
Investment income
Other income
14
470,920
14
470,920
7,393
Total
609,064
26,972
636.036
169,393
EXPENDITURE ON
Charitable actlvities
Llanelly House operations
576,334
27,172
603,506
150,919
NET INCOMEIIEXPENDITURE)
32,730
12001
32,530
18,474
RECONCILIATION OF FUNDS
Total funds brought forward
356,839
632,239
989,078
970,604
TOTAL FUNDS CARRIED FORWARD
389,569
632,039
1,021,608
989,078
The notes form part of these f inancial statements
Page 7

Llanell House Trust Ltd
Re istered number: 04681702
Balance Sheet
31st March 2024
31.3.24
31.3.23
Notes
FIXED ASSETS
Tangible assets
14
814,310
814,670
CURRENT ASSETS
Debtors
Cash at bank and in hand
15
223,475
50,113
38,065
147,098
273,588
185,163
CREDITORS
Amounts falling due within one year
16
166,2901
110,7551
NET CURRENT ASSETS
207,298
174,408
TOTAL ASSETS LESS CURRENT LIABILITIES
1,021,608
989,078
NET A55ETS
1,021,608
989,078
FUNDS
Unrestricted funds
Restricted funds
18
389,569
632,039
356,839
632,239
TOTAL FUNDS
1,021,608
989,078
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for
the year ended 31st March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended
31st March 2024 ir) accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
lal
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the
charitable company.
Ibl
The notes form part of these financial statements
Page 8
continued...

LlanellLHouse Trust Ltd
Re
Istered number: 04681702
Balance Sheet- continued
31st March 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable
companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on
25th November 2024 and were signed on its behalf by..
A Evans- Trustee
The notes form part of these financial statements
Page 9

Llanell House Trust Ltd
Cash Flow Statement
for the Year Ended 31st March 2024
31.3.24
31.3.23
Notes
Cash f lows from operating activities
Cash generated from operations
180,5201
19,767
Net cash used in operating activities
180.5201
19,7671
Cash f lows from Investing activitie5
Purchase of tangible fixed assets
Interest received
116,4791
14
Net cash (used inl/provided by investing activities
116,4651
Change In cash and cash equivalent5 In
the reporting period
Cash and cash equlvalents at the
beglnnlng of the reporting period
196,9851
19,7671
147,098
156,865
Cash and cash equivalents at the end of
the reportlng perlod
50,113
147,098
The notes form part of these f inancial statements
Page 10

Llanell House Trust Ltd
Notes to the Cash Flow Statement
for the Year Ended 31st March 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING AcfiviTIES
31.3.24
31.3.23
Net Income for the reporting period (as per the Statement of
Financial Activities)
Adjustment5 for:
Depreciation charges
Interest received
Increase in debtors
Increaselldecreasel in creditors
32,530
18,474
16,839
1141
1185,4101
55,535
12,959
136,4471
14,7531
Net cash used In operations
180,5201
19,7671
ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.23
Cash flow
At 31.3.24
Net cash
Cash at bank and in hand
147,098
196,9851
50,113
147,098
196,9851
50,113
Total
147,098
196,9851
50,113
The notes form part of these financial statements
Page 11

Llanell House Trust Ltd
Notes to the Financlal Statements
for the Year Ended 31st March 2024
ACCOUNTING POLICIES
Basls of preparing the financial statements
The financial statements of the chaiitable company, which is a public benefit entity under FRS 102, have
been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I
January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared
under the historical cost convention, as modified by the revaluation of certain assets.
Income
All incorne is recognised in the Statement of Financial Activities once the charity has entitlement to the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recoEnised as expenditure as soon as there is a legal or constructive obligation committing
the charity to that expenditure, it is probable that a transfer of economic benefits will be required in
settlement and the amount of the oblig3tion can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified under headinES that aggregate all cost related to the category.
Where costs cannot be directly attributed to particular headinES they have been allocated to activities
on a basi5 conslstent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted 35 a
commitment but not accrued as expenditure.
Governance costs
Governance costs include costs of preparation and examination of the statutory accounts, the costs of
trustee meetings and the cost of any legal advice to the trustees on governance or constitutional
matters.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Long leasehold
Plant and machinery
Fixture5 and fittings
in accordance with the property
20Y) on cost
25% on reducing balance
Individual fixed assets costing £500 or more are initially recorded at costs.
Included in Fixtures & Fittings are the Llanelly House Collection of artefacts. Due to their historic value
these have not been depreciated.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Page 12
continued...

Llanell House Trust Ltd
Notes to the Financial Statement5- continued
for the Year Ended 31st March 2024
ACCOUNTING POLICIES- continued
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
statements.
DONATIONS AND LEGACIES
31.3.24
31.3.23
Donations
630
INVESTMENT INCOME
31.3.24
31.3.23
Other interest
14
INCOME FROM CHARITABLE AcfiviTIES
31.3.24
Llanelly
House
operations
31.3,23
Total
ctivitie5
Management charges
Grants
17,5CNJ
146,972
42,000
120,000
164,472
162,000
Grants received, included in the above, are as follows..
31.3.24
31.3.23
National Lottery Heritage fund
Llanelli Rural Council
16,972
10,000
Carried forward
26,972
Page 13
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- Cont￿lnue
for the Year Ended 31st March 2024
INCOME FROM CHARITABLE ACTIVITIES- continued
31.3.24
31.3.23
Brought forward
Llanelli Town Council
Carmarthenshire County Council
26,972
60,000
60,000
60,000
60,000
146,972
120,000
OTHER INCOME
Other income is monies received in relation to the insurance claim made following the fire in July 2023.
CHARITABLE AcfiviTIES COSTS
Grant
funding of
activities
(see note
Direct
Cost5 Isee
note 71
Support
costs (see
note 91
81
Tota15
Llanelly House operations
498,720
89,000
15,786
603,506
DIRECT COSTS OF CHARITABLE AcfiviTIES
31.3.24
31.3.23
Sundries
Heat & Light
Subscriptions & donations
Repairs & maintenance
Project costs
Cleaning
Security
Rates
Depreciation
190
23,547
27
390,443
2,237
647
63,404
1,386
16,839
25,262
10,823
2,180
12,959
498,720
51,224
Page 14
continued..

Llanell House Trust Ltd
Notes to the Financial Statemen
continue
for the Year Ended 31st March 2024
GRANTS PAYABLE
31.3.24
31.3.23
Llanelly House operations
89,000
85,000
The total grants paid to institutions during the year was as follows..
31.3.24
31.3.23
Plas Llanelly House Cyf
89,000
85,000
SUPPORT COSTS
Governance
costs
Management
Totals
Llanelly House operations
13,236
2,550
15,786
Support costs, included in the above, are as follows..
Management
31.3.24
Llanelly
House
operations
31.3.23
Total
ctivities
Insurance
Office expenses
Bank charges
12,960
192
12,329
192
84
13,236
12,605
Page 15
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
SUPPORT COSTS- continued
Governance costs
31.3.24
Llanelly
House
operations
31.3.23
Total
activities
Accountancy
2,550
2,090
io.
NET INCOME/IEXPENDITUREI
Net incomellexpenditurel is stated after chargingllcreditingl:
31.3.24
31.3.23
Depreciation - owned assets
16,839
12,959
ii.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31st March 2024 nor for the
year ended 31st March 2023.
Trustees, expenses
There were no trustees, expenses paid for the year ended 31st March 2024 nor for the year ended
31st March 2023.
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable activitie5
Llanelly House operations
162,000
162,000
Other income
7,393
7,393
Total
169,393
169,393
EXPENDITURE ON
Charitable artivities
Llanelly House operations
138,156
12,763
150,919
Page 16
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued
Unrestricted
fund
Restricted
funds
Total
funds
NET INCOME/IEXPENDITURE)
31,237
112,7631
18,474
RECONCILIATION OF FUNDS
Total fLJnd5 brought forward
325,602
645,002
970,604
TOTAL FUNDS CARRIED FORWARD
356,839
632,239
989,078
13.
TAXATION
The company is a registered charity and is exempt from taxation in respect of its Charitable activities.
14.
TANGIBLE FIXED ASSETS
Fixtures
and
fittings
Long
leasehold
Plant and
machinerv
Totals
COST OR VALUATION
At 1st April 2023
Additions
600,000
493,781
306,433
16,479
1,400,214
16,479
At 31st March 2024
600,000
493,781
322,912
1,416,693
DEPRECIATION
At 1st April 2023
Charge for year
19.363
12,000
493,780
72,401
4,839
585,544
16,839
At 31st March 2024
31,363
493,780
77,240
602,383
NET BOOK VALUE
At 31st March 2024
568,637
245,672
814,310
At 31st March 2023
580,637
234,032
814,670
Page 17
continued...

Llanell House Trust Ltd
Notes to the Financial Stat
ments- continued
for the Year Ended 315t March 2024
14.
TANGIBLE FIXED ASSETS- continued
Cost or Valuation at the 31st March 2024 for the Long Leasehold property is represented..
Cost
Valuation 2015
Valuation 2021
270,000
380,000
150,0001
600,000
If Freehold property and Long Leasehold property had not been revalued or impaired they would have
been included at the following historical cost:
Lon8
leasehold
propertv
C05t
270,000
Aggregate depreciation
10,800
Long Leasehold Property was valued on an open market basis on 9th July 2021 by Rees Richards &
Partners. The Trustees consider the open market valuation at this date to be a fair estimation of the
valuation of Long Leasehold Property as at 31st March 2024.
15.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade debtors
PLH Cyf
Other debtor
VAT
34,720
112,337
7,580
68,838
38,065
223,475
38,065
Page 18
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- con
inued
for the Year Ended 31st March 2024
16.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors
VAT
Accruals and deferred income
53,089
5,087
5,668
13,201
66,290
10,755
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
fund
Restricted
funds
Fixed assets
Current assets
Current liabilities
188,471
259,808
158,7101
625,839
13,780
17,5801
814,310
273,588
166,2901
814.670
185,163
110,7551
389,569
632,039
1,021,608
989,078
18.
MOVEMENT IN FUNDS
Net
movement
in funds
At
31.3.24
At 1.4.23
Unrestricted funds
General fund
356,839
32,730
389,569
Restricted funds
Llanelly House
YMCA
Big Picture Llanelly House
National Lottery Heritage Fund
Revaluation Reserve
Llanelli Rural Council
261,489
1,950
52,000
15,9721
255,517
1,950
52,000
8,122
310,200
4,250
8,122
16,600
4,250
316,800
632,239
12001
632,039
TOTAL FUNDS
989,078
32,530
1,021,608
Page 19
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
18.
MOVEMENT IN FUNDS- contlnued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
609,064
1576,3341
32,730
Restricted fund5
Llanelly House
National Lottery Heritage Fund
Revaluation Reserve
Llanelli Rural Council
15,9721
18,8501
16,6001
15,7501
15,9721
8,122
16,6001
4,250
16,972
10,000
26,972
127,1721
12001
TOTAL FUNDS
636,036
1603,5061
32,530
Comparatives for movement in funds
Net
movement
in funds
At
31.3.23
At 1.4.22
Unrestrlcted funds
General fund
325.602
31,237
356,839
Restricted funds
Llanelly House
YMCA
Big Picture Llanelly House
Revaluation Reserve
267.652
1,950
52,000
323,400
16,1631
261,489
1,950
52,000
316,800
16,6001
645.002
112,7631
632,239
TOTAL FUNDS
970,604
18,474
989,078
Page 20
continued...

Llanell House Trust Ltd
No
s t the Flnancial Statements-
ontinued
for the Year Ended 31st March 2024
18.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unre5trlcted funds
General fund
169,393
1138,1561
31,237
Restrlrted funds
Llanelly House
Revaluation Reserve
16,1631
16.6001
16,1631
16,6001
112,7631
112,7631
TOTAL FUNDS
169,393
1150,9191
18,474
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
in funds
At
31.3.24
At 1.4,22
Unrestricled funds
General fund
325,602
63,967
389,569
Restricted funds
Llanelly House
YMCA
Big Picture Llanelly House
National Lottery Heritage Fund
Revaluation Reserve
Llanelli Rural Council
267,652
1,950
52,000
112,1351
255,517
1,950
52,000
8,122
310,200
4,250
8,122
113,2001
4,250
323,400
645,002
112,9631
632,039
TOTAL FUNDS
970,604
51,004
1,021,608
Page 21
continued.

Llanell House Trust Ltd
Notes to the Fin
ncial Statements- continue
for the Year Ended 31st March 2024
18.
MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the
above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
778,457
1714,4901
63,967
Restrlcted funds
Llanelly House
National Lottery Heritage Fund
Revaluation Reserve
Llanelli Rural Council
112,1351
18,8501
113,2001
15,7501
112,1351
8,122
113,2001
4,250
16,972
10,000
26,972
139,9351
112,9631
TOTAL FUNDS
805,429
1754,4251
51,004
Llanelly House- A restricted fund whereby funds are restricted for the use of restoration and
development of Llanelly House.
YMCA.. A restricted fund whereby legacy for the YMCA project in Merthyr Tydfil are held.
The Big Picture Llanelly House.. A restricted fund that allowed for the purchase of the portrait painted by
Sir Joshua Reynolds PRA11723-17921 of Sir John Stepney 8th Baronet 11743-18111, its restoration and
re-hanging at Llanelly House.
National Lottery Heritage Fund A restricted fund for improvement and assets for the charity that help
value, care for and sustain heritage for everyone across the UK, now and in the future.
Llanelli Rural Council Fund: A restricted fund whereby funds are restricted to be used for minor repairs.
Revaluation Reserves.. A restricted fund in relation to the revaluation of property Llanelly House.
Page 22
continued...

Llanell House Trust Ltd
Notes to the Financial Statements- continued
for the Year Ended 31st March 2024
19.
CONTINGENT LIABILITIES
The Trustees of the National Heritage Memorial Fund hold a charge over the lease hold property known
as Llanelly House and other assets held by Llanelly House Trust Ltd.
20.
RELATED PARTY DISCLOSURES
During the year management charges of £17,50012023:£42,0001 were charged to Plas Llanelly House
Cyf.
At the year end there was an intercompany loan owed by Plas Llanelly House Cyf totalling £112,337
12023.. £38,065).
21.
ULTIMATE CONTROLLING PARTY
The Charity is controlled by the Trustees who are all Directors of the Company.
22.
MEMBERS LIABILITY
The Charity is a private company limited by guarantee and consequently does not have share capital.
Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the
charity in the event of liquidation.
Page 23