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2023-08-31-accounts

REGISTERED COMPANY NUMBER: 05920931 (England and Wales).

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REGISTERED CHARITY NUMBER: 1120476

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REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR.

THE PEMBROKE DOCK HERITAGE TRUST LIMITED

Bevan Buckland LLP Chartered Accountants Castle Chambers 6 Westgate Hill Pembroke: Pembrokeshire SA71 4LB-

THE PEMBROKE DOCK-HERITAGE TRUST LIMITED

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CONTENTS OF THE FINANCJAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

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|||||||| |---|---|---|---|---|---|---| |‘Page| |Report of the|Trustees|47|to|4| |independent|Examiner's|Report|5.| |Statement|of Financial|Activities|6| |Balance|Sheet|7|to|8| |Notes|to'the|Financial|Statements|9|to|14| |Detailed|Statement of|Financial Activities|45|to|18|

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2023

The tnustees Who are aiso 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 31 August 2023, The trustees have adopted theprovisidns of Accounting and Reporting by Charities: Statement of Recommended Practice applicable: to charities preparing iheir accounts in accordance with the. Financial Reporting Standard applicable {effective[1][January][ 2019).] in the UK and Republic of Ireland (FRS 102)

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THE PEMBROKE DOCK HERITAGE TRUST LiMITEB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 AUGUST 2623
OBJECTIVES AND ACTIVITIES
Objectives and aims
‘wartimeThé TrustSunderlandhas been jnFlying existenceBoat,forserialsixteennumber yearsT9944, and inwhichthat time sank thelocallyCharity’sin 4940.original- has aimremained -to recovera coreandelementconserveof itsa
plaris: It has‘alsa focused fully upon the wider Interpretation of Pembroke Dock community with its long fnilitary heritage
and social.story.
Since April 2014 the Trust has run the Pembroke Dock Heritage Centre. in the restored Royal’ Dockyard Chapel,
building upon the excellent reputation it has developed from previous smailer hentage attractions operated by the Trust.
The Centre was closed on 11th November 2022, to save on energy consumption and to allow for some major as
Wars"maintenanceexhibilian,work changingto take place.many This.of aurworkexh i ncluded.bits in: the paintingcabinetthedisplays, inside ofremoving the windowsthe workshopinmain hall,fromcharges the mainto-ourhali “Starand
instailing a children's play and activity area into the space created.
‘The Centre re-opened on 20th February 2023, ali the plannedwork having been completed,
The visitars who have come to the Centre since we reopened have made very positive comments and feedback via our
feedback form, on-line survey and ‘the visitor's book..A number of sticcessful initiatives eased the financial position from saat
the previous year. These initiatives Included:
'+ Sound financial management by. the Trustee responsible for finance, and the ‘Finance Administrator, who have
provided the Trustees with accurate and realistic budget information, enabling them to effectively manage the.situation. ad
Fantastic fundraising efforts from Volunteers whe continue to raise funds to support the Trust.
~ The Centre continues to-be used on-a regular basis by tocal ‘community groups.and clubs for their monthly meetings, aes
- The Centre has been used by.other groups and committees as a venue for meetings and displays on-an Ad-Hoc basis
throughout the year.
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- Anumber of events have taken place during the time, covered by this. report, a vary successful fnodei show took place
in-March, the second Star Wars day was held.on the late May Bank Holiday with a group of enactors being present.
+ The Centre was also used in June ‘by Pembroke Dock Town Council to commemorate Anned Forces Day, “
~ In September 2022, the replica stained glass memorial window was taken inte the Trusts colfection.and displayed in
the entrance. foyer, having spent many-years on display at the Pembroke Dock Library. a
- An increase jn the use of the meeting room areaby local businesseson regular basis:
- The Trust is very fortunate to have the total support of over 45 active Volunteers, who have many and varied skills and .
interests, and all have been totally supportive of the path which Trustees have taken. Under the new arrangements ~
“Volunteers. and Trustees continue to take on additional roles to back up the small staff team to ensure the Gentre and its
many facets.continues and develops. The PDHT Volunteer team Is consideredto bé one of the largest volunteer groups
for any local charity in Wales.
- The Centre Coordinator left the Trust in. September 2022 and the Trustees decided not to appoint a replacement in -a
bid to save on our expenditure on salaries. The coordinator duties have been divided between the Trustees and will be
kept-under review, with the object of appointing a replacement when necessary,
- The Trust has received accreditation as a Museum by the Welsh Government. Accreditation is the benchmark for
well-run Museums and Galleries: It means. that Pembroke Dock Heritage Trust is properly managed and.governed.to. the
nationaily agreed industry standard and shows the museum takes proper cate of its collections. Accreditation cpsns up
exciting funding opportunities, allows-museums to host touring exhibitions and gives access to professional advice’ and aa
support. It also gives conlidenee te donors-and sponsors who may. wish fo support the museum in preserving heritage
and inspiring future generations.
- The Trust has-attended many outside ‘events, these include "Wings over Carew" at Carew Airfield, Christmas ‘markets. oe
at Pembroke Castle and Pambroke. Dock Town Councll location, plus Trustees and volunteers giving talks about the.
Trust and Diving on T8044 to local groups, all‘of which help to spread the knowledge of the Trust and our objectives. to
the focal community.
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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 AUGUST 2023

In-a year ofchange, the Trust can again justifiably reflect on the further development of its wider heritage aims and the positive impact it continues te make upon a community and area identified as one. of the areas in Wales which is in urgent need of regeneration, The Heritage Centre provides a unique gateway into areas of military and social history which are:not focused upan ‘enywhere else in the UK. Because of this Pembroke Dock. and the wider local area benefits from visitors attracted here thanks to that history and how it /s interpreted and displayed atthe Centre. ‘ The, Trust continues to maintain: excelfent working relationships: with ‘partners to develop. plans and initiatives focusing upon the Lnique naval. military and-aviation connections of the-community: Special events are-regularly staged to mark milestones in our history. The: Trust is now continujhgto try to establisha working relationship with the Royal Navy Museum in Portsmouth to ‘start. to show the history of the Royai Navy in Wales, Public benefit Pembroke Dock Heritage Trust. has, in& short period of time, created ‘impressive and unique heritage attractions, ‘and Trustees continue to work with Staff and Volunteers to developand improve: the visifcr experience at Pembroke Dock Heritageattraction Centre.and js helpingLocatedthein ategénerationhistoric duildingofthe atlocalthecommunityheart of theand communityin wider contexts, this has become a widely: praised visitor ACHIEVEMENT AND PERFORMANCE Charitable activities Excellent media connections, and rapidly develeping into the social media arena, continue to maintain the Trusts thigh profiles locally and inwider-spheres- promoting the Trust, the Centre and its worldwide connections. FINANCIAL REVIEW TrusteesFinancialagainreviewreflect on a-year which; has seen the Trusts; ‘aperations grow but which have been subject to funding difficuities and concerns. The Charity has reported a surpius of £22,600 forthe year. Trustees are taking steps to ensure that the Charity has sufficient reserves to continue in operation for the next 12 months, and will energetically continue to pursue fundraising initiatives and opportunities. Reserves policy Trustees are very conscious of the neéd te maintain sufficient reserves to. meet the Trust's: immediate financial commitments and have taken, and-will continue to take, steps to reduce the financial constraints and commitments. This is also a part. of the work-being carried out for our Accrediiatian.

0 STRUCTURE, GOVERNANCE AND MANAGEMENT Gaverning document The.guarantee,charityasis defined controlledby theby Companiesits governing Actdocument,2006. a deed of trust, and constitutes a. limited company, limited by

OrganisationalBoard of Trusteesstructuremeats at-very regular intervals. with day-to-day Trust matters dealt; with by the staff team assisted by Volunteers and Trustees. Trustee sub groups. deal with the. various aspects-of the Charity's aims and‘objectives, with _ particular emphasis on key areas as follows: " Promoting and developing the unique opportunities offered at the Heritage Centre as a maior visitor attraction in the community and the West Wales region,

~ - Furthering a business strategy to make the Trust sustainable. for the long term fuiure and promoting key funding strategies including its Friendship, Membershipand Fellowship schemes.

_ ~ Developing key areas of work including the Archive Centre and the Education Programme, arranging @ programme. of walks and talks and supporting groups linked-to the Trust, including the Dive Group and Model Group. - Raising more of Sunderland T9044 from the Haven Waterway and continuing the conservation and display of items as . part of a-major interpretation aréa within.the Centre, - Expanding key partnerships with national organisations ineluding. the Royal Air Force Museum, (RAFM)}, in London and the RAFM in Cosford to bring new attractions to. the community.

™ associatedThe: Trusteeswith runningwere supportedthe Trust andbyawithFinancehandlingAdministrator,the.grants awardedwhe concentrateste the Trust.on the. day to day financial. matters - We have also taken part in the UK Government "Kickstart" programme. which introduces people to employment, this a has proved beneficial to’ both parties.

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |FOR THEREPORT YEAROF THE TRUSTEES ENDED|31|AUGUST|2023|| |REFERENCE.AND|ADMINISTRATIVE|DETAILS| |Registered|Company number|| |06920931|(England|and|V¥ales)| |Registered|Charity|number| |4420476|_| |Registered|office| |Royal|Dockyard|Chapel| |Meyrick|Owen Way|oe| |Pembroke:|Dock| |Pembrokeshire| |SA7T2 SWS| |Trustees|™| |J A|Evans| |MW|Cavaney| |G|Mills|(resigned|19.10.22)| |G K Clarkson|™| |R|Saldanha| |Dr|AR Watkin| |NirsJ|Phillips:| |TJ|Clark|(appointed|1.1.23)|ame| |Mirs G|E|Francis-Hanery|(resigned|1.5,23)| |Mrs.|P|E|George|:| |T|Payne|{appointed|18.10.22)| |Mrs|M|Wiggins|(appointed|1.5.23}|a| |‘There|have|been|changes|during|the|period|of|the|report|to|the|Trustees-and|management|team,|headed-by|Chairman| |Graham|Clarkson-during|the-year.| |In|May|2023|the|Pembroke|Dack|Town|Council|changed|ane|of|it's|appointed|Trustees|by|replacing|Clare|Francis:| |-HarteryPhillips|waswithelectedMicheleto BoardWiggins,of Trustees,whois alsoGareth a|PembrokeshireMills-left|{he|CountyBoard,|butCouncillor.remains|asAt|anthe’activeAGM|volunteer.in|November 2022|Jane| |Company|Secretary| |T|Payne| |Independent|Examiner|we| |Bevan|Buckland|LLP| |‘Chartered|Accountants| |Castle|Chambers| |6|Westgate|Hill|—| |Pembroke| |Pembrokeshire| |SA714|4LB| |Approved by order of the.bdard of trustee’s-on AYALA...|and signed on its beitalf by:|~|

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Fe - sa aamataans
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEMBROKE DOCK HERITAGE TRUST LIMITED lreportIndependentto the charityexaminer's trusteesreport on myto examinationthe trustees ofof theThe accounts Pembrokeof the Dock Company Heritage Trust Limited for the year ended(‘the31 Company’)August 2023.

Responsibilities and basis. of report ; As. the charity's trustees of the Gonipany (and also its directors for the purposes of Company Jaw) you are responsible: for the preparation of the accourits in ‘accordance with the requirements af the Companies Act 2006 (‘the 2006. Act’). Having satisfied myself that the accounts of the Company are not-réequired to be audited under Part 16 ofthe.2006 Act and are eligible for independent examination, | report in respect'’of my examination of your charity's‘accounts as carried out under Section 145 of the Charities Act 2014 (‘the 2011 Act}. In carrying out my examination | have followed the Directions given by the the Charity Commission under Section 445(5) (b) of the the 2011 Act. Independent examiner's:statement examiner's:statement ,

Caraiine Wheéier - Bevan Bucidand LLP | SO P i Chartered Accountants Bek. BUXeae Aimx A © ie Castle Chambers 6 Westgate Hill Pembroke i Pembrokeshire : SA71 4LB wT °) Zz Date: 3°Ro themfrernt 4020245S

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 314 AUGUST 2023

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||||||||| |---|---|---|---|---|---|---|---| |2023|2022| |Unrestricted|Restricted|‘Total|Total| |Notes.|fund£|fundE|‘funds£|‘funds-| |INCOME AND ENDOWMENTS|FROM|a| |Donations|and|Jegacies|2|50,068|7,520|57,588|91,132| |Other-trading|activities|3|34,218|=|31,218|29.639| |Investment|income|4|86|-|a6|4| |Total|81.372|7,520.|88.892|120,775| |EXPENDITURE ON| |Charitable. activities| |Delivery|of the|charities|objects|535174|43,121|66,292|110,876| |NET INCOMEEXPENDITURE)|28,201|(5,601):|22600|9,899| |TotalRECONCILIATIONfunds|brought|OFforwardFUNDS|59,984|5,604|65,585|55,686,;| |TOTAL FUNDS CARRIED FORWARD|88,185|-|88.185|65,585.|

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The notes form part of these financial statements

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |BALANCE SHEET| |31|AUGUST|2023| |“|2023|2022| |Notes|Hs|£| |FIXED ASSETS| |Tangible|assets|9|21,280|22,274| |CURRENT ASSETS| |Stocks|10|3,593|3,839| |~|Debtors|44.|8,800|8,501| |Cash|at bank and|in|hand.|67,204|50,093| |79,597|62,433| |ae|CREDITORS| |Amounts falling due within|one year|42|(4,079)|(8,978)| |=|NET CURRENT.ASSETS|75,518|53,455| |TOTAL ASSETS|LESS CURRENT LIABILITIES|96,808|75,729| |3|CREDITORSAmounts falling|due|after|more|than|one|year|13.|{8,523}|(10,144)| |NET ASSETS|88.185|65,585| |FUNDS|15| |oe|Unrestricted|funds|88,185|§9,984| |Restricted|funds.|-|5,601| |TOTAL FUNBS|88,185|65,585|

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The charitable company is entitled to. exemption fram audit under Section 477-of the Companies Act 2006 for the year andad 31 August 2023. The members have not required. the company to obtain an audit of its financial statements for the year erided 31 Auglist 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees. acknowledge their responsibilities for ; {a} ensuring that the charitable company keeps accounting records that-comply:with Sections 386 and 387 of the: Companies Act 2006 and —_ {b}, preparingat the endfinancialof eachstatementsfinancial year whichandgiveof aitstruesurplusand fairor viewdeficitof thefor eachstate cffinancialaffairs ofyear theincharitableaccordancecompanywith theas requirements of Sections394 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.

The notes fonn part ofthese financial statements

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

BALANCE SHEET- continued 31 AUGUST 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

TheDatfinancialyehstatementsBoiteandwere were signedapproved on itsby behalfthe by:Board of Trustees and authorised for issue on fy ff Af G K Clarkson - Trustee

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The notes form part of these financial statements

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. slow moving items. Taxation . The charity is exempt from corporation tax on its charitable activities, a Fund accounting ; Unrestriéted funds can be used In accordance with the charitable “ Restricted funds can only be used used for particular particular restricted purpases — arise whén-.specified whén-.specified by thé donor or when thé donor or when donor or when or when when funds are raised raised for particular réstricted

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED NOTES TO THE FINANCIAL STATEMENTS: FOR THE YEAR ENDED-31 YEAR ENDED-31 ENDED-31 AUGUST 2023

a FOR THE YEAR ENDED-31 YEAR ENDED-31 ENDED-31 AUGUST 2023 _ 4. ACCOUNTING POLICIES Basis of preparing the financial statements — The financial statements of the charitable cornpany, which is a public. benefit entity under FRS 102, have. been ofpreparedRecommendedin accordancePracticewith.applicablethe CharitiestocharitiesSORP (FRS.preparing 102) ‘Accountingtheir accountsand Reportingin accordanceby Charities:with the StatementFinancial : Reporting Standard applicable in the UK and. Republic of Ireland (FRS. 192) (effective. 1 January 2019)', Financial Reporting. Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republi¢ of - ireland’ and the Companies Act 2006, The financial statements have been prépared under thehistorical cost convention. Income aed Allis probableincome isthatrecognisedthé incomein willthe beStatement receivedofand.theFinancialamountActivities. can béancemeasuredthe charityareliably.has entitlement to the funds, it . Expenditure. _— Liabilities are recognised as expenditure as soon as there isa legal or constructive obligation committing the .charity to that expenditure, itis probable fhat a transfer of economic benefits will be required in settlement and F the amount of the obligation can be measured reliably. Expenditure is accounted for:on an accruals basis ‘arid saad difectlyhas been attributedclassified. to paticularunder headingsheadingsthattheyaggregate have beenall allocated:tocost relatedactivities.cn to the category.a basisWhereconsistent with costs cannotthe usb e of resources,

Tangible fixed assets

Depreciation is provided at the following. annual.rates in order te write off each asset over its estimated useful. life:

Plant and equipment

» 5% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Fund accounting ; Unrestriéted funds can be used In accordance with the charitable objectives at the discretionof the trustees. Restricted funds can only be used used for particular particular restricted purpases within the objects of the charity, Restrictions arise whén-.specified whén-.specified by thé donor or when thé donor or when donor or when or when when funds are raised raised for particular réstricted purposes: Further explanation of the nature and purpose of each fund is included:in the notes to the financial statements.

. ees Hire purchase and and leasing commitments Rentals paid under operating. leases are. charged charged to income and expenditure account-on a straight line basis over the periodof periodofof the lease. lease. _ Pension costs and other post-retirement benefits The. charitable company opefates a defined contribution pension scheme. Contributions payable to the charitable company’s pension scheme are charged to the Statement of Financial Activities in the period to which they. relate. ~ Grant income Revenue grant income is:recognised at the date of receipt. a Heritage assets The trust holds a number of artifacts that are considered heritage assets. These items are not.recognised in. the balance sheet as cost information is not readily available and the trustees believe that the benefits of obtaining " valuations for these artifacts would not justify the cost. Nearly all the items are thoughtto have a financial value _ of less ihan-£50 and as far the trustees are aware no individual item is worth more than £500. The. intention..of the trustees’ js to hold these items of memorabilia in good condition for display in the. future 3 however, subject to the approval of the trustees items. may be disposed of This would only happen in exceptional circumstances for exampie when an item can not be properly displayed or the disposal proceeds _ could be used to purchase 4 better example,

Hire purchase and and leasing commitments Rentals paid under operating. leases are. charged charged to income and expenditure account-on a straight line basis over the periodof periodofof the lease. lease.

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 341 AUGUST 2023

1 ACCOUNTING POLICIES - continued

Heritage assets _ In additian to the varied items of memorabilia the trust aiso. has responsibility for the war time flying boat. Sunderlandbe valued, Flying Boat T9044. This is currently submerged, ofi the Sed of the river Cleddau‘and as such.can not

DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2023 2022
£ £
Donatioris
Gift aid		 ‘6,595
3,158		 7,662
1,796
Grants
Subscriptions
Admissions		 18,020
‘950°
28,865		 47,942
4.300
32,442
57,588 91,132

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Grants received, included in the above, are as follows:

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4,

2023 2022
£ £
>
»		 Pembrokeshive County Council
Pembroke.Dock.
Town Council		 2.527
3,000		 44,406
6,000
PAVS 3,400 oo
~Federation
«		 Heritage Lottery Fund
Federation ofMuseums and Art GalleriesofWales
Welsh Governinent		 ~
ABB
7,500		 8,000.
-
-
Kickstart
Workways+		 =
-		 12,375
“101
Experience 4 Industry
Postcode Lottery
Tesco- Groundwork UK		 -
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1,125		 124
9,936
-
481020 47,942

OTHER TRADING ACTIVITIES

OTHER TRADING ACTIVITIES
2023 2022.
£ f
Fundraising events
Shop income.		 4,142
10,284		 5,779
9:481
Cafe income
Venue hire.		 41,125
5,220		 10,984
3,365
Visitorservices 450 30
31,218 29:839.
INVESTMENTINCOME 2023 2022
£ £
Deposit'accauntinterest 86 4

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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NOTES TO THE FINANCIAL STATEMENTS- continued: FOR THE YEAR ENDED 31 AUGUST 2023

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NET INCOMEEXPENDITURE}

Net income/(expenditure) is stated after charging/(crediting).

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||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |Depreciation|-|owned|assets|3.752|3,925|

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TRUSTEES’ REMUNERATION AND BENEFITS

Thereénded were31 Augustao trustees’ 2022. remuneration or other benefits for the year ended. 34 August 2023 nor for the year

Trustees’ expenses

There were no trustees" expenses paid for the year ended 31 August 2023 nor for the year ‘ended 31 August 2022.

STAFF COSTS

The average monthly numberof employees during the year-was as.follows:

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|||||||| |---|---|---|---|---|---|---| |2023|2022| |Administration|and|mrianagement|1|3.| |No|employees|received|emolumenis|tn excessof £60,000.| |COMPARATIVES|FOR THE.STATEMENT|OF|FINANCIAL|ACTIVITIES| |Unrestricted|Restricted|Total| |fund|fund|funds| |INCOMEa AND ENDOWMENTS|FROM|£|£|E| |Donations and|legacies|60,824|30,311|‘91,132| |Other|trading|activities|29,639|“|29,639| |Investment|income|4|-|4| |Total|90,464|39,311|120,775.| |EXPENDITURE|ON| |Charitable|activities| |Delivery|of the|charities|objects|$6,166|24,770|110,876| |NET INCOME|4,298|5,601|9,899.| |RECONCILIATION|OF|FUNDS| |Total.funds|brought forward|55,686|-|55,686| |TOTAL FUNDS CARRIED|FORWARD|59,984|5,601|65,585|

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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  1. TANGIBLE FIXED ASSETS

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

TANGIBLE FIXED ASSETS .
Plant and
equipment
£		 - :
COST
At 1 September2022
Additions		 89,197
2.768:		 =
At 31 August2023 91,965
DEPRESGIATION
At4September2022
Charge foryear		 66;923
3.752		 ™
At 41 August2023 70,875 am
NET BOOKVALUE
At 341 August 2023		 21,290
At34August2022 22,274

As stated in the accounting policies no amount.is included in fixed asseis for the value of heritage assets, both artifacts and Sunderland Flying Boat F9044.

10. STOCKS
2023 2022
Stocks 3,593: 3,839
41, DEBTORS:AMOUNTSFALLINGDUEWITHIN ONE YEAR 2023 2022
£ pb
Trade debtors
Otherdebters.		 2,800
‘6,000		 ? 50%
6,000
8,806. 8501
42. CREDITORS:AMOUNTSFALLING DUE WITHINGNEYEAR 2023 2022
£ £
Trade creditors
Créditcard		 2,334
227		 4,611
2,577
Deferred grants 4,524 1,790
4,079. 8,978

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED31 AUGUST: 2023

13. CREDITGRS: AMOUNTS FALLING. DUE AFTER MORE THAN ONE YEAR

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2023|2022| |Deferred’|grants|8.623£|10,£ 144| |14.|ANALYSIS-OF|NET ASSETS BETWEEN|FUNDS| |2023|‘2022| |Unrestricted|Restricted|Total|Total| |fund|fund|funds|funds| |i|£|Fi;|£-|£:| |CurrentFixed assetsassets|21,279|5|9|70|-|2179|,|25|9|07|26|2,|274483| |Current|liabilities|(4,079)|-|(4,079)|(8,978)| |Long|term|liabilities|(8,623)|-|(8,623)|(10,144)| |88,185|-|88,185|65,585| |T5.|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.9.22|th|funds|‘31.8.23| |Unrestricted|funds|£|£|£| |Gerieral|fund|69,984|28,207|88,185| |Restricted funds| |Restricted|Fund|$,604|(5,601)|-| |TOTAL FUNDS|65,585|22,600|88,185| |Net movement|in|funds,.includedin|the|above|are|as|fcliows:| |Incoming|Resources:|Movement| |resources|expended|in|funds| |Unrestricted|[funds]|£|£|ra| |Generai|fund|81,372|(53,171)|28,201| |Restricted|funds| |Restricted|Fund|7,520|(13,121}|(5,601}| |TOTAL- FUNDS|88,892|(66,282)|22,600| |Comparatives|for movement|in funds| |Net| |At|1.9.21|movementin|funds|318.22At| |£|£|£| |Unrestricted-funds| |General|fund|55,686|4,298.|59.984| |Restricted|funds| |Restricted|Fund|~|5,601|5,601| |FOTAL FUNDS|55,686|9,899|65,585|

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2023

5. MOVEMENT IN FUNDS - continued

Comparative netmovement in funds, included in the above areas follows:

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|||||| |---|---|---|---|---| |Incoming|Resources|Movément| |resources|expended|in|funds| |£|£|£.| |Unrestricted|funds| |General|fund|90,464|(86,166)|4298| |Restricted|furids| |Restricted|Fund|30;314|(24,710}|5,604| |TOTAL FUNDS|420,775|(110,876)|9,899|

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A current yéar 12 months and prior year 12 months combined position is as follows:

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|||||| |---|---|---|---|---| |‘Net| |movement|At| |At 1.9.24|in|funds|34 :8.23| |£|£|£| |Unrestricted|funds| |General|fund|55,686.|32,499|88,785| |TOTAL FUNDS|55,686.|32,499|88,185|

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |asA|currentfollows:year 12|months and|priar year 12|months|combined,|net movement|in funds,|included|inthe|above.|are.| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|E|£| |Unréstricted|funds| |General|fund|171,836|{439,337}|32,499| |Restricted|funds| |Restricted Fund|37,831|(37,8331)|-| |TOTAL|FUNDS|209,667:|(177,168)|32,499|

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RELATED PARTY DISCLOSURES

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The Trust purchased books to the value of £312 (2022 £360) from John Evans, a Trustee. All fransactions were. at market value and.a balance of Nil (2022 £360) was. outstandingat the year end.

  1. VOLUNTEER HOURS

No adjustment has been included in the-accounts to reflect the-value of volunteer time.

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

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DETAILED-STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

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||||||||||| |---|---|---|---|---|---|---|---|---|---| |—2023|2022| |‘| |INCOME AND ENDOWMENTS| |=|Donations|and|legacies| |Donations|||§,595:|7,652| |Gift-aid|:|3,158|1,796| |a.|x|Grants|18,020|47,942| |Subscriptions|~/|950|1,300| |Admissions|28,865|32,442| |57,588|91,132| |Other trading|activitiés| |‘Fundraising|events:|4,142|5,779| |aaa|Shep.Cafe|incomeincome|1|0,2811,125|409|,|49|8|14| |Venue|hire|5,220|3,365-| |Visiterservices|450|30| |=|31,218.|29,639| |Investment|income| |Deposit: account|interest|86.|4| |Total|incoming|resources|88.892|120,775| |sae|EXPENDITURE| |Charitable|activities| |Wages.|11,607|32.679| |—|Pensions|234|960| |Purchasés|2,864|‘5,358| |Event costs|1,280|464| |Cafe|expenses|4,433|3,087| |20,418|42,548| |Support-cosis| |Management,| |Sundries|121|240| |Accountancy|1,320|1,676| |Consultancy|1,500|‘6,000| |2,941|7,910| |Finance| |‘Creditcard|charges|‘4,449|1,320| |Other| |Rates|and water|859|573| |Insurance.|4,348|4,334| |Light|and heat|8.231|9.990| |‘Telephone|2,097|2,337| |Postage|and|stationery|1,949|321| |Travel|and|subsistence|39|227| |Subscriptions|and|memberships|1.147|634| |Smati|equipment|and|repairs|6,482|14,908| |Displays and|archive|materials|1,816|1,977| |Carried forward|26,962|35,301|

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THE PEMBROKE DOCK HERITAGE TRUST LIMITED

‘DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023

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||||||| |---|---|---|---|---|---| |2023|2022| |£|£| |OtherBroughi forward|26,962a|35.304| |Advertising|and|marketing|2,248|2,492| |Training|-|162| |Cleaning|1,372|1,400| |Rent|and|storage|costs|7,994.|7,233| |Project expenses|172|10,164| |Fire prevention|and|security|874:|527| |Equipment|depreciation|3,752|3,925| |Release.of|capital|grants|(1,790)|(2,108)| |41,584|59,098| |Total|resources expended|66,292|110,876| |Net income|22,600|9,899|

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