RECISTERED COMPAf4Y NUMBER: 05963025 IEnel•nd and W*l¢s) REGISTERED CIIARITYNUMBER: 11219¥2 Report of the Trustee8 UDaudited Fin*Dcial Statementj for the Year Ettded 31 Mar¢h 2024 for Pembrok¢Jhlre Menup Limited A5hmolc aDd Co. Wthiamston HokL8C 7 Goal StreBL Ilavcrfordwc5t Pthvkn5hir SA61 IPX Ashn￿&CO. Pellthrokuhire M¢DCJP Limit¢d Referettce Alld Admthistrative D￿All& for the Yc4r Ended 31 March 2024 TRUSTEES rB Griffiths (dcccascd 25.9.23) Mr G Ileadley {Chairllwi) ItesigDrd 1.4.241 Mr I Wilshaw Cfrea5urer) Mr M EvaL% {resi8llcd 13.723) Mr D Brockway Mr A B Mamwa Auin8 Chair MrsSB¢ COMPANY SECRETARY Mr$ C W Matrrjora REGISTERKD OFFICE Stsckpol¢ M¢ncap Gard￿$ National TnL8t Estste StaGkpol SA71 SDJ REGISTERED COMPANY 05963025 (En8]and and Wa1¢5} REGtSTERED CHARirY NUMBER 1128982 INDEPENDETr￿ EXAMtNER AÈbmole and Co. Willia[￿tOn Housc 7 Goat Street HavcrfDrdwcst Pcmbrokcsbirc SA61 IPX BANKERS Il.S.B.C. 4114igh Street HavCrf￿dW¢5t Pthk¢5hi SA612BU Page I P¢Dthroktsblre Mcncap Umlted Report orth¢ Tru$t¢e$ for the YeAr Ended 31 Ma￿h 2024 The trustrc$ pl¢ased to pr¢5¢Tht thcir annual report attd a¢cuuDts for the yeartndcd 31stMat¢h 2024. Thi5 tep>rt t)Jat*s tb¢ ¢nd of th¢ fourtffnth ycar of opcr&tion as an Inco￿ Company. For the purposes of this rcpo¢ th¢ t¢rni'Soci¢ty' will continuc tr* be usc ORIECTIVES AND ACTrvmES Obje¢tfves xin The ¢]witable obj¢Gtiv¢s ￿ d¢tailed ourconstilution arc: a} tbe rclirf of pcoplG witb a lcarning disability. in particular by thc pruvision of help athd support for them and their fatyiliw d¢p¢Ddents and carers and to w¢v¢llt l¢amillg disab￿lti¢6 for th¢pub]ic benefit b) to providc or assist in the provisiort of fa¢iliLi¢5 for th¢ r¢GrcatioD or othcr I¢l5u￿ limc orGupatioD for F¢opl¢ wl¥) hav¢ thEi¢ofby rrAson of learning disabihtywith the objcct of improvittg their conditions of llfc Ixomin8 disability TDr40$ any d¢v¢lopro¢ntal th5ability of thc rnind and any a￿ciat¢d corAition howcvcr Ca￿¢d and thcT Tuild, ]n(Mierate or severe. Pllbli¢ benefit We have refeyred to th¢ guid￿￿¢ rolltsin¢d in the Charity Comn)i5sion's gcrKral guidan￿ on public bcncfit wh ¢vicwillg our Jiws aud ObJ￿tiveS and in pl¥￿ our future activities. Page 2 Pernbrokeshlre Mentlp Llthd Report of tbe Trusie¢s f•r tbe YeRt Ended 31 March 2024 ACIIJEVEMENT Af4D PERFORhfANCE ChArit4ble &cthltle8 ObJ¢¢tlve Woikw pcoplc with learning disabilities to provide horticult&￿al training and work expcri¢ncc. This pro8rammc has been suwessfully extWLdEd to inrludr 5up¢rV15￿ ttawing Iud woik ¢xpoti¢DG¢ in Cawdw5 T¢atoow. StackpDk Walled Gardens It Wds all Ch￿ge as far as th¢ Walled Gardcll plallting ioutinc was ttplac]llg fruil and vcgctable kds with ¢ vinc5. fundcd by a sen￿0￿% bequest from thc Ilywel Davies fouttdation. Are&8 in the north ond south gardeRL8 wcre pIuu8hed th¢n totovll*d for p14Dting. PitLOt Grigio. Solaris and Ba¢¢hu8 wn¢5 w¢r¢ plHnt¢4 undcT thc 5UP6rvi5ion of gaTdwKr Morgan Williaw. H¢ atrnd¢d a traiuiu¥ cour￿ at Pluwtoll Collegc last year and a vi5lt to Velfrey VitJeydTd proved ILelpfiJ. with ongoing assistance bciDg kmdly off¢tcd by thcpiowictor. Dialogu¢ with participants and 8ard¢n¢ts Iril tv of th¢ S¢ns0ry Gard¢z) in Ihe South 8ardeJL The vi¢e chatrw a Ictitcd atchitecl drew up R plan which wll5 pinnd up in th¢ cloW(x)Jn inviting comtncnts from p&rti¢ipants #nd Th¢ H￿¢1 Da￿¢S fjJlldin8 SUPPDrtcd purch&8c of a 8azcbo, scentcd textured plants, aloDB with a crunchy path. A water f¢aiur¢ will ?dd y¢t aLOth¢r diT[KD5lQ￿ r¢ally thc Th for partiGipaDts aud Vibilor5 Th¢ arca aJ50 includcs an audio feablle wthich cao be prompted to play excerpts from the oral history projccl filndcd by National Ilcritage Lottery via M¢nw• CyiuTU. 1¢ inGlud¢5 r¢ll¢dion5 on whal th¢ WalIcd G8rd¢n Lo partiripalltS New bcDches havc been pAa¢ed iti the Setk80ry Gllrde4 SUPPDrted by Ihe Outdoor OppDrrunities fimd admintstered by PAVS whÉGh also pwchas¢d an outdwr tablc. The fuDd's aim wa5 to cncouragc social Spac￿ for pcople of all agc5 and abilities. Th¢r¢ is ¥ swJ8e ofcornplctjng a circlc as wc learncd frorn thc oral history project that grapcs from Wallcd GardcD VILCS were trcated in Sp￿1￿ ptesctv&tive th¢n 5¢Dt by tryin to th¢ Cawdor farni]y at th¢ir Sw1ti5h rc5idrnrc. Th¢ S¢n50ry G4rd¢n ai80 has a history.. cstablishcd ID the 1980s by thc stack[￿IC Ccntrc (pre National Tnjst) for pcoplc wtth learning disabilitLCS. Somc of the origill&l s¢ulplures c4n still be seen, the most pOp￿I￿r beittg the mos8ie crocodile wbich h&s been a photo-stop for g¢nerd¢ions or fa￿.]1¢5. A funding appli¢alion been Lnad¢ io giv¢ th¢ colourfid ¢r Y4 facclift by its orig￿al crcator Rob Jakc5. Stndller proje¢ts iti¢lLth d¢sigu and ordering of n¢w gates and t￿trIwOrk . in keeping with the bistQTiC 5¢1tin8 for th¢ Lodgc Park cLtrancc to the Wallcd Garden. A second audio post been sited near the Btud¢tst plots attd p)nd area alld ¢￿tal￿5 clips from the Eecorded intcrvitws. Th¢ Workshop wojrrt is [￿￿<￿tIY drIa￿d du¢ to planDiDg d¢tail. All alt¢llw¢ivE ¥plOa￿ b9￿ to k takc Partlclp4nts Numb¢rs hav¢ nuctuated over the past ycar. Thc pandcullc ktLocked allcnda#ct and therc arc more day opportutiitics avA￿ble amund the ¢outtty, wlu'l¢ rw¢ of our longstsnditig m¢mb¢rs hav¢ 8uff¢r¢d ill hcajth ATh1 ￿ nw¢b mi4ed. On a positive notc. wc have wclcotllcd tscwpartLcipattts who havc brought a frcsb dynamic to the dally routinc. Pe]k￿rOkeshire MencAP cornpl¢t￿ an Rppliution to P¢Tnbrok¢shir¢ Coullty COU￿11 to bB part of a DEW apwoa¢h to it8 rolr as & Day S¢Thryccs providcr. Thc county council is movillg all day opporlunilic8 in diffcrcnt localioDs Onto a phon¢ App. which participants can book directly. It has htd a slow start but it IS Kocd br the cbarily to be proaclive iti tttw opproaches to provision for peopk with l¢amiDg disabilities. Pagc 3 Pernbrok&qhire Mencap IJml¢ed Report of the Trn&tees ror the Year Ended 31 Mxryh 2014 JUL¢ saw & miJJi$tcrial vi51t orBanixd by Mencap Juli¢ Morgan Dcputy Ministrr for Social S¢rvicc5 Shared lunch with staff attd ¢TU5tC¢5 tbcn D7¢t Ivith participants. familics and carus. She ¢omrllcnd¢d thc work c4rried out at thc wall￿ G4rdctss and ILStened to aparenV¥ IKArtfek des￿]Ption of its st￿lf1¢￿nCC to hcr wknl¢ fAmily. Staff Debbic Drcwett ¢ntcrcd hcr thirk¢nth year of 5¢rVI￿ ys Go￿¢￿ Managcr, covcring a wide rcmit.. from oversceiD8 sttthnt ed￿ation and traijjing to b￿1￿¢55 aTLd r]n20cial rnana8cnicJ)t. Frrt￿ti]tic5 Fonrn, and thc Lcarning Disability Parlnw¥hip Board. Sh¢ attcnds the P¢rDbrokcshiTC College Advisory Fon￿ 8nd Pcrllbroke8hir¢ Touri8m meetings. Jutian Rollins, the Horticultswgl Tutor. t￿dE the most of th¢ oral hixtoryprojcct io BllPPOrt partiC2pattts to iirt¢rview aud intervicw¢d, to opcrate ¢quipincttt aud ￿ put lu¥¢th¢r short fii#Js. This fcd into thr Collcgc wotk which i8 ull online. It itiGludes fe&tt]re8 hke discussiDn foruTW as ￿1] &¥ training itl spe¢ifiG tasks. They produccd two ediliow of thc Stackpole Stattdard new¥kltsr. using thcit Icarning softwwc. Colourful and invitin& th¢y hety vi51tOTS to b¢tt¢r underst￿d thc charity and its work tauren Dcbtiar contin￿d as Garden tA&ler Rdapting to Ihc D¢w rcqUircti￿ts of vincyatd cultivatiotL BriJD Oweill ¢ontinucs in his ml¢ as a gprdener who also assi8ts pwticipaJJts' traiuing and is thc rnauj bus driver. M Cox 15 & V8ItsEd rncmber of statL sk￿led in all $0rt8 of jobs. Morgan Willia]w has tsken on additional rc5ponsibL]ity for the vincyard a5pecL Martin Wood Robinson continucd itl role and fODtributcd a v¢ry inte￿￿'t1￿￿ illl¢rvi¢w to th¢ oTrJ history projceL 11¢ recallcd the carly dllys of Mcnc&p& work at the Wallcd Gardcns Ivhen he and a frw partiCiPAuts 51art¢d re¢lBinwJg thc north arca of thc site. Icwllections higlLiigtLtcd the charity'sprogrcss in ¢v¢ntually cstablishing Ibe whole bix sit¢ as a trai[￿￿ aDd WO￿ facility whith atso ￿V¢S plcasure lo njally hundr¢d5 of vi¥iiof5. T¢*room and Shop The Wallcd GardeLs T¢ar00￿ did well ill 2023 dcspit¢ th¢ challcjjges of cvcr-]ncicasing overhead¥ raising the m¢DU prices. This was a woTry CO￿￿dc￿l￿8 the costq1f-l1￿illg crisi$ but it 8ccmcd thRt ￿S￿OrS wcrc d¢t¢nnillcd to Clljoy th¢ir d4y8 Out and the homcmth ¢akcs arc always & great attractionT Th¢ 2023 Tcaroom team waDa8¢d wb¢ll Legd¢T, Sheila Dsvt¢5, was 8bscJ)t ]wr5w hcr patther in a fjnal illn¢5s. This bigbLighTed thc nccd for a forn￿1 b￿rayc￿ent policy wJJt¢h was subs¢qU￿11Y agrccd by Tn￿tCCs. Shcila providcd a v¢ry S￿Le¢ lo the Ghatity attd givcn a good s¢nd otywhcllsbe retired at the End of 2023. RwNitTnent of 4 n¢wTcaroom tcam was Jjot easy. A full tiEne TeamIwl¢r atjd a full Lirn¢ cook wcrc eng&ge4] and havt jcll¢d vtty well. New p&rt-timc stsff and 50mc rettmjcrs from previou5 scastr]Js wcrc also recruit￿ and have nJ&d¢ a strong tg The 2023 Wh2t week Saw takings from thc Te£rooTn and shop tsf rNT¢ Ihan £10,000 whilh it the busi¢st evcr. Prices h4d to be raiscd and thc incrca8e w&% Hl¥o significant. Thc projcclcd 30Yo food matgin was only eeded iwiG¢. Thc wage is mor¢ oc an 15suc. Will be itittr¢StiDg to revthew l¥t¢r in ycar to $1% whethcr it is b8lallc￿g out the wag¢ Ti5e. Th¢ shop bc1￿fi￿¢d frozn having Ptolew Goucher WOTkiDg at weckends from Junc ￿111 thc end of Ociober. He wa5 good with visit￿5 alld it Cn8Utcd purthH5U Wctc made easily rath￿ than cwtom¢r5 to queue in thc TcarooTn. The shop stock w*8 Tllovcdback illto th¢ Tearoom for thc rcstofth¢ season which is r￿tt a8 il 15 llot so busy. PronwtiOD and Eyents Th¢ Walled Garden5 websit¢ and Social mEdia a￿oll￿ts kot t￿ publi¢ irtforn)ed of opcning time4 Jmv dishes on ¢nu and frats￿¢5 ]ikc springiim¢ blossot Th¢ SuD5Ct C]ncllJa 5howitigÈ iD August atttHd¢d audie0¢¢ JJ]iEht not otherw15C Visit the Walled Gatdcn5. Poor wrathcrdid not hclp nwnbcrs but ncYcrthc1¢5s il iUustra¢¢s the vers81ility of thc site andpotcntial for fimdraisthg cvent5. It is IM)pcd to re-introduG¢ thc PIB Roast C￿ullty Dancttt8 ]n 2024 which was always a popular sunjmcr £ttwtion for locA15 and ￿sitorS alikc. Pllg¢ 4 P¢mbTokeJhlre Menc#p lJn&l¢ed Report of the Trustee5 for the Year 31 Marth 2024 Participattts ¢njoycd a'day ouv bowliD8 iti Milford Hav￿ with staff ond a couple oftysrt¢¢s. This Vfds followed by fi)ud irL the cafrt¢ria. A Kuod dNyout all &Kttrd.. Th¢ opetilllg of thc Cit12en Curthr oral history ¢xbibilton in carly Ma￿h wa8 Co￿r￿ by th¢ Wcstern Telegraph ewspap¢r and 8itr¥Gt¢d TKarly 50 8￿5t3 from a varidy of local or8anisatiotkS inGluding P¢mbrokesbire Coll¢g¢. Pembrokcshirc Associati¢)n of Volutstary Services ￿ thc Nationa] TD￿t. &$ ￿11 4s f￿1]Y mcmbers and Thcy enjoyed a sunny ULQTning viewing th¢ exhibition. which is now pcrnwicntly on show in the Visitor Centre f(yr. N¢w Tcaroom staff %¢ryed up cake and cotree Visito￿ ]ningled with styff and participants Icaming TDorc about thc work attd bcijcfits of the work Pcmbrokcshire Mewap catiics Out at the 5jt¢. Pubb"city attr1d￿ somr gtnemu5 donatioAJ¥ i]kn5t in beco]ning trustees of thc charity. both ofwhich wcre mo$t w¢l¢omc. FINANCIAL REVIBW P¢￿bl0kesh)[e mell￿p contimies to Str￿%then its mix which illcludcs a day opportUDiiies Goutract with the local authority, scrvice levd agreemenL8 aud fillthi￿g activities. The charity w4s lortullatc to r¢¢¢ivc a ll￿nb￿r of bcqu¢5ts fnym loral faTDilics and 50mc ¥entr0￿ doDHtiolls which have ¢Dablcd reali5aiion of PToiccts. rdngiDg from much necdtd new gatrs for thc ￿d8¢ Park ¢ntrattce. to a stylish water fr&turc in thc S¢n50ry Gardcn. All are very gtat¥fully r¢ccivcd. H￿]1&8¢ lottery fundillg for the oral history project r¢cording equipmrn¢ 8 laptop. two a￿]10 posts and two 14rgc location maps lor thc Walled G4rdettg. A& previowly th￿tIOn¢d. fi20diu¥ from the Hyw¢l Davic8 bcquest SttPPDrtcd thc viticyard. frat￿￿5 of the Sensory Gardcn and will support thc new WD￿. Tn￿1¢￿5 HT¢ ￿atCfvl to the Rotary Club of P¢mbrok¢ for oncc agairt including PembTokrsJu'T¢ Mcncap as a bBnefiGiary of th¢ir Hnnual t&ffl¢. Brian Quin14 QUT longest standiti¥ PaTli¢ipant. once aglliti 501d th¢ most rafflc tickets Bnd sevcral ¢irAp' iick¢t8 were WiDDcrs. RcplAGing the ttJiDi-bu5 and T￿lori]I8 the historic glass bou5¢5 f¢TDaiti long tern) Arms. An elcctiic vcbiclt has also been discusscd, bearing in milld cJxm&te clw. Reserves pu]icy In AcGordancs with National Mctt¢ap PoliGythc Socicty ha& a Fijjancc Procedure, ¢¢)Pi¢5 Qfwhich are availHbl¢ from the Tr￿￿er. The SoGi¢ty aims to k¢￿ a Mini￿ level of rcserve, whi¢h would thc SOci￿Y's zctivili¢5 for about 6 nx)JJth$ illthc cvcnt of all sourcc5 of exter1￿ fundin¥ dr￿ up. Jt is th¢ Sociely's policy that this re5rn i8 itive¥td in sHvings ￿t0￿￿t artd thai specul3tivc invcsthjcnt should be avoidcd. In the past thi5 rc5erYc thas bcen h¢ld itt a H IrLtcrcst Bond but the ¢L￿ent financial ¢li]wte 15 5ucM thal ititcicth ratc5 do not wamnt plaring moncy in such ttt¢OUDIs. Th¢ currcnt Icvel of frcc llrnounts to £186,825 whe￿aS 6 months ¢XPCDditurc attk)unts lo approximatrly £173.785. STRUCI'URE, COVERNANCE AND MANAGEMEIYT Goverthg documeDt Th¢ Society is controll¢d by its M¢mornmdum &Jd ArtiGIc5 of Aswciation adopt¢d at a Spccial Gcrterdl M¢¢lin¥ held on 29th Novembcr 2008. rc8E5tEr￿ by Companies Ilouse on IOLb D¢c¢tt)b¢r 2008 Rpprovcd by the ch￿ity COW￿ls510Th on 2nd Apnl 2009. Pcmbrok¢5hir¢ Mcncap Ltd i5 41fdiaied to The Eioy41 Mencap SDriW but is flnancially & s¢if-¢ODtsined body fvlfilling th¢ obj¢ctivts of our constitution. Thc original affilialion &green￿l ettded in March 2013 was rcplaced by a Partnership PlaD encoutU¥iDg m￿e coUalx)tation bctsvccn lo¢Ai wp5 and thc Royal M¢nw Sociely attd Meucap C)rynw in Waics. The core PWPOBe is hvrtirulturdl trait)in8 forPcmbmkeshir¢ adults Wlth l&vnin8 disabilitic5. Trainm& experience and p¢z50nal dcvelopnmt 2r¢ provided at Stsekpolr W411cd Gardens. a six-&¢r¢ sitc, fiyc miles south of Pcn*rokc. Page S Pembrok¢5hire MeDcap LSthited Report of th¢ Trustees f•r the Year Ended 31 March 2024 STRUCTURE GOVERNANCE AND f+W4AGEMETr Tru$¢¢ In ac¢ordancc with fbe coostitutlOD, members of the executive ￿ ekGtcd annually and all exKutive mcthcts arc ¢ctcd L8 Tnwt¢¢s of the Charity. TnLS1￿ h(Trldmg office during the year ar¢ liut￿ b¢low. MrG lI￿d1¢Y IChAirJll4n) A B Marmar4 IVicc/Aetin8 - ap￿inted 10.06.15 rcappointcd 13.07.23 &ppoinkd 10.06.15 rcappointal 13.07.23 - Nppointrd 22.05.13 reAPPOintcd 13.07.23 - appointed 15.04.09 reappolL￿1 13.07.23 - appointcd 16.06.10 rcappointcd 13.07.23 - appointed 15.04.09rcappointed 13.07.23 - appointed 01.06.16 reappoin￿ 13.07.23 - appojntcd 22.05.13 rcappointed 13.07.23 - appointed 13.07.23 Mr I Wi18haw (frea￿rer) Mr M Evatk% MrD Bi(thvay Nfr B Gtitfiths Mts C W Marn)ata (S¢cxrtary) Mr M (Life Pr¢5id¢ntl Jn 4GGordance with th¢ consti￿tion. M￿berS of thc cxec￿lyC ar¢ ¢lwkd anoually and all cxc¢utiv¢ 4r¢ ¢lecfrd as TnL*¢s ofthe ChaTity. Trustees holdiL8 dwing thc ycar are IisEcd above. Sadjy one of ow long-Stalldin8 trusttt8 aDd prcviobs Chw'rTnan. Brign &iffiilk5, dicd in Septrmber. Tntsi¢¢5 wcrc plcased to welcome S8r4bBw back to m¢¢tiDgs at thc end of 2023 wb¢n sh¢ had rccovered from Ttrdicaj trcathKut. Our Grci8 HeAdl¢y scrvcd until th¢ cnd of thc fjllallcial year when k ￿51￿￿ed his p05t on movin8 to yo[￿hire. Thr Vice Chain)]w Tony Marnurn. is currerttly ￿tIng ChairDW. A potential trust¢r attcndcd m￿tin￿ in th¢ laitct part of thc year and il hop¢d kn fO[￿all5¢ his Posttion at th¢ 2024 AGM. TTU5t¢cs are being wught as parr of the fowTd planning stratcgy. A thorough undcrSl￿d￿g of thc charkly'5 cor¢ puryosc is kcy to the role. as is local kllowledge at)d wiilinKo¢85 to WO￿ in parttjership with our 5uppoffcrs. ExprcssioD3 of intcrest fTf th¢ 2006 A¢1 oth¢r tban ally rcquiremcnt Ibat the accouttts ￿ve A tnje and fair view which is not a Dxttcr COns￿ered as parf of iDdep¢nd¢nt ex￿atiOn. or accounts have not been prcpared in accordgncc with the n￿th{th and principlcs of thc StY4tcment of orn]ll￿¢d Practic¢ lor accounting and r¢porliug by charitse5 (appli¢abl¢ to ¢bArities preparing their accounts ID accordancc witb thc Financial Rcportill8 Stsndard applicablc tn thc UK and Rcpublic of Ircland {FRS 102)). I have no concerns and have conR a¢ws no olher matters in wJneciioTL with the examillaiion to whictl attention 51y)uld bc drawn in thi5 T¢Wrt order to cnablc a prop¢r undcrsl¥ndinB of tk a¢￿Unts to b¢ rc8thcd. W.G. Hugbc5 B5c Hojjs (Econ) A5htDol¢ and Co. Willian￿oll Hou% 7 Goat Street 14avcrfordwtst PeDJbrok¢5hir¢ SA61 IPX Date.. Il Pagc 9 P¢Jnbrokeshire Mencap Llmlted St*t¢Oh¢nt of FiD4nclaI Actlwi¢ies (IDwrporatiDg an Income And ￿p¢￿￿t￿re Account} for the Y￿r Ended 31 March 2024 31.3.24 Tolat 31.3.23 Total Unrestri¢t fiujd Rcstrictcd Not¢5 INCOME AND ENDOWMENTS YROM DollatioD¥ ¥nd Ic8acies 32.188 5.845 38,033 103.843 Wgllcd gardens project 310.876 310,876 288.629 Othertrading 8cuviti¢s Jllvtstrt￿nt iucome 650 650 2.000 To(al 343,714 5.845 349,559 394,474 Raisin8 fuuds 132 803 935 78 Charltsbk *ctivitieJ Wall¢d garden8 proj¢ Vineydtd projcct The CttiT£n Curator Oral History Proje¢t 327.271 13,620 3.073 2.670 340.891 3,073 2.670 311.n88 3.696 230 327,403 20.166 347.569 315.892 NET INCOMEltEXPENDTfuRE) 16.311 (14,321) 78,582 RECONCILIATION OF Fuf4DS Totsl fiujds brou8hl Eorward 137,884 285.699 423,583 345,001 TOTAL FUNDS CARHIED FORWARD 154.195 271,378 425.573 423.583 Th¢ no*5 forni partof fin8ncial stst£mcnts Pagc ia Pembrokeshlre MencAp Llmlted Bxl&nc¢ Sbeet 31 Marth 2024 31.3.24 Total 31.3.23 Tolal Unrcstrictcd R¢5trictcd Notc5 FIXED Assrrs Tttngible a&scts 13 17,734 221.014 238,748 248.043 StrKks D¢btor8 Cvtsh at bank plld itl hvnd 14 15 7.000 5,729 l37.377 7.ono 5,729 187.741 5.000 5.390 175.146 50.364 150,106 SOJ64 200,470 185536 CREDITORS Ar£K)unts filling due within onc ycar 16 {13.615) (13,645) 19.9961 ET CURRENf ￿SET8 136.461 50,364 186,825 175.540 TOTAL ASSETS LESS CURRENT AB￿]llES 154,195 271.378 425J73 423,583 IYET ASSETS 154,195 271,378 425,571 423.583 FUNDS unrestrict￿ fvnd3 Re8tri¢td lunds 17 1$4.195 271,378 137,884 285.699 TOTAL FUNDS 425,573 423.583 Th¢ ¢b4ritsbl¢ compatty i$ ￿11(1¢￿ to exemption from audil wmlcr Scction 477 ofthe Coftllpaoi¢5 Act 2006 for the y¢4r ended 31 March2024. Th¢ have ttot ￿quIr￿ thc company to ob¢aitt a]1 audit OE its fjnancial stulellwts for the year entsl 31 March 2024 iij arGordance with SKlion 476 of thc CompAnic5 Acl 21JO6. Th¢ trustee5 acknowl¢dg¢ thetr tCSPOJL8ibiliti¢5 for e(k%urAng that the charitabl¢ keeps acemting records tbat comply with s￿tiO￿￿ 386 alld 387 of the Compatti¢8 Act 2006 and preparing finaocial statcments vthich wvc a tru¢ aui fair view of th¢ state of atf¥irs of the charitsbl¢ wuwany as at th¢ of each 0￿8￿ClaI ycar and of its sU￿1￿S or dcficit for cach financial ycar ￿ accordance with the requircmcnts of Sections 394 aud 395 and which oth¥rwi% wmply wryth tb¢ requircsncnts of thc CoJJ]p8ni¢s Act 2006 Tel￿]ll% to fJJJan¢ial stst¢mcnts, so far as applicable lo the cbaTitabl¢ cotnpany. Ib) Th¢ nc+t¢8 forttl part of th¢s¢ fits￿[1&1 statcmcLts PaE¢ll contiThucd... Pembwkeshir¢ M¢nf ap Limited BdHllce Sheet- ¢ontinued 31 Mar¢h 2024 ThcK fmancial stalemcnts havc b¢cn prcparcd in accord2tv with th¢ provisions applic&bk to companies bj¢ot to the Small comp2ni¢s re￿. 18 wcrr approved by the Iloard of Trustccs and authoriscd for 15511¢ . and were si8tt¢d un its bchalf by.. on MrA B MatFllaraA¢ting Chair. Tntstee Mr I Wi]sb8w (Trea8ur¢r)- Tn]8tee Thc notcs fom]p)rt of thr5r finallcial tht¢mcnts PA￿ 12 Pembrokeshlr¢ Men¢4p I￿n￿￿ed Note5 to the FinAn¢ial Staternents for th¢ YtAr Ellded 31 Marth 2024 ACCOUNTING POLICIES BAsts ofpT¢parkn¥ the flD*DCtg1 Jtatements Thc fjnancial statrincnts of th¢ chari12blc comp4Dy. whiGh i% a public b¢￿fit eniTty undtr FRS 102, hav¢ b¢e pr￿ared in accordancc with thr C]witi<¥ SORP (FRS 102) Accouuting Re￿ll5￿g by Chazitics.. Ststcrncnt of RecumnJeDded Practic¢ applicable to ch￿ltIeS prepuing their accourtts ￿ accordallcc with th¢ Finan¢ial Rcp)rting Standard applicablr ID thE UK and Republic of Ir¢land {FRS 102) (cffe¢tivc l January 2019}'. FAtiallcial R￿Orting Standard 102 Tb¢ FiDanciaI R¢porLing Standard applicable iti the UK 4nd Repubhc of Ir¢lattd' and (he Compdnies Act 2Th)6. The r]]Jancial slatCn￿ts have b¢¢n prcpared ll1￿er the historical wst Income All Incon￿ 15 recOgDis￿ in the Sts*rnent of Fit)an¢iaJ Aclivitics ottro the clwity has ¢ntiUcmcnt to lkn fiuJd4 il ps pmb&ble that the ineonx witl bc r￿¢1Vcd4t)(l the amoullt catt bc mcB¥urcd rcliably. Expendi¢ur¢ Liabijilies ar¢ recogni5cd B5 cxpenditure as 500ll as thuc is & legEI or collsLTuclive vbli¥atiou co1￿mIttl￿g th Iwity lo that exp¢nditur¢. it ks probablr thal a transfer of¢conoJllic bcnefits will bc required tn S￿l]ement a￿1 th¢ an￿ullt of thc obltgation ¢dn be m¢asured r¢liably. ExpctklitLWC is ar¢ountcd for on an accrua15 basis and has b¢¢n elassified under knadings that agg￿gate all cost ￿l￿ted lo thc category. Wh¢re CO#s c8mOt b¢ diTWt]y attribut￿ to partioJ]ar kadiDg8 th¢y bave b¢cn atlo¢akd to adivAtitS OJI A basis COD5i5tcnl wÈth the usc of IWUTC¥. Txllgible fixed oss¢ts Depreriatiott 15 provided at th¢ following anoual rat¢5 in or&r kn write off e8¢h ￿Set ovcr its e5titDatcd Fre¢hold propcty Fixtur￿￿ plajjt aDd machinrry Straiy*t liDc ov¢r 25 years 20% on reduciDg bal￿ atKi 2Yo On¢05t Stwka Stocks are VAl￿d at th¢ lower of ¢051 and nel tcalisabk valuc, atlcr nllktng duc for ob501ctc at￿ slow moving ttGms. TAxallon The Cbarity 18 ¢xcmpl from eorpordtion tsx on its charitsble activiti¢s. Fulld &¢fountlng UJJtCstriclcd funds bc us¢d in a￿Orda￿tt iyith th¢ cjwitablc obje¢tives atthe dis(￿tIon ofthc knJsts¢s. Rcstric*d fi]Dds can only bc ￿¢d parficular r¢5tricted pwposcs within the ubj¢cts of th¢ charity. Rcstrictions ari$r spccified by the donor or whctt fvuds atc raiscd forpa￿culllr rcstrktcd puryK>5es. Furth# ￿pIat￿tiOn of thc naturc and pwpose each fimd is included the notc5 to the fjnanciai 8tatenThts. Pen*)n costs and Other post￿e￿reMellt benÈfits Th¢ Charitablc company opcr8tes a dcfincd ¢ontribution wsion s¢hcmc. Contributiths payabl¢ lo tb¢ Charitablc tiJpattg5 pc￿104￿chemE ate lo thc Stat¢incllt of Fin￿¢1￿] Acti%ities in thc pcriod to th¢yrelat¢. Page 13 continurd... Pejnbroktshlre M¢ncap Limlted J¥ot¢$ to th¢ FiDAn¢ial St#teD*llts- for the Y¢4r Ended 31 Marth 21124 DONATIONS AND LEGACIKS 31.3.24 3 1.3.23 Gift5 and dvnatiolls Grattls Sllbscriptions Inswance clain 29,582 7.345 102,652 1,126 65 1.106 38,033 103,843 Grnnts rttrivc4 iuclud¢d in Ibe abo￿, are &5 follows.. 31.3.24 31.3.23 P¢mbrok¢shir¢ A550Cl81ion of Vohm¢ary S¢rvi Meftcap Cym 1.500 5,845 1,126 7,345 1,126 OTUER TIlAD￿G ACTivrriFs 31.3.24 31.3.23 FwKtions 650 2,(JOO INvEsfmEf￿ INCOME 31.3.24 31.3.23 Dcp05it ￿¢£￿￿t iti¢crcst INCOME FROM CIIARITABLE ACTivmES Service k￿] agr¢cments Ga￿¢￿ sal¢s Activity Walled gardos proje¢t Wallcd Bard¢nb proj¢¢l Walled ¥urdcL8 projcct Wallcd 8ardcns projeci 31.3.24 31.3.23 139.824 13,046 117,256 22,947 2.775 145,651 Cafc Sales 158.(K16 310,876 288,629 Servi¢c level agreemeats.. 31.3.24 31.3.23 FAlucation Learning Walc$ Pcmbtokc5hir¥ County Cowil Colcg Pla5 Dwbl FiDanctrAI Contitigen¢y Fundillg 74.437 60.308 62,457 53,805 994 5,079 Total J39,824 117.256 Pa8¢ 14 Continu￿... P￿rOkeSh]re Men¢Ap Limited Note5 to tbe Financial Statements- ¢&ntiDu¢d for th¢ Year Ended 31 M¥rck 21124 Dire Custs (See note 71 Support 5ts {Bcc note 8) Tota15 Walled gardcDsproject Vineyard projcct The Citi7£ti CuKatot Oral History Project 333,555 3.073 7.330 340,891 3,073 lJ21 .149 2.670 338.149 8,485 346,634 DIRECT COSTS OF CIIARITABLE ACTIvfiiES 31.3.24 31.3.23 Sthff w5ts Cafe purcha￿5 S¥cds. plants, fcrtilisrr5 Shoppurchase5 Machin¢ryand v¢hicle ¢xPe￿e$ Rent InsurancB Cl¢¥JJitig attd ¢OlL5￿)IabltS Tclcphone W4terrate5 Lighi 4Dd heat SllJall looJ5 tHa]nten￿c£ Stsff and voluntttr Expe￿5 Mcrrhanl 5¢rvico% DcprKiation 211,024 45.865 6,A76 6,294 7.231 1.331 5,007 4,906 801 934 13.512 9.051 658 2.649 22,010 192.584 46203 3,503 6.842 10,046 1.000 3,745 4,009 781 754 4,833 1.549 2,552 21.133 338,149 304.543 SUYPORT COSTS Other wall￿ gatd¢Dspr0J￿t ThE Citi7¢n CuTAtor Oral Elistory Proj¢ct 7,336 1,149 8.485 Pag¢ IS continucd... Pcmbrokuhlre MeDtAp Llmited Notes to th¢ FiDan¢Aal Stattmrnts- tontinued for the Year Endtd 31 Mar¢h 2024 SUPPORT COSTS- ¢om¢inued s￿pOrt Costs. IrKlUd￿ in the abov¢, 4rc as follows.. Other 31.3.24 31.3.23 Curator Oral History Projccl Wall¢ 8ardcns projcct Total tivitics Totst acLivitie$ Postsgc. stalioncry And adv¢rts5ing Lcgal attd profe￿I0nal fccs Licen¢e5 5ubscriplio TraiDing Accoulltancy 2.393 2,148 499 301 1,995 303 2,696 2,994 499 301 1995 3.883 2,513 897 1.283 1,895 7.336 1,149 8.485 10,471 ET IIYCOMEI{EXPENDITifREI incotD&(expcLdilure} is 5taknl aftcr Ch8r￿n￿(CredIt1llg).. 31.3.24 31.3.23 Dcptcciation 21,767 1,995 21,123 1.895 10. TRUSTEESI BEMUNERATION AND BEf4EFrrs None of the Tn¥tecs' rcccived anyrcmullmtion forworkdone on bthajf ofthe charity during the y¢ar. Trust¢es' exp¢llses Thcre w¢r¢ no trwtees. pllid for th¢ ycar cDd¢d 31 Mllrch 2024 nor forthc ycar ¢ndcd 31 M¥rch 2023, STAFF COSTS 31.3.24 31.3.23 WagB and salaries Social sccurity costs Other pe￿￿￿0￿ c05ts 202,350 5,893 2.781 185.202 4.897 2,485 211,024 192,584 Th¢ average monthly Dumb¢rof etDployees during th¢ ycar w45 aB follow5.' )ga8ed on charitsblc activitics 31.3.24 15 31.3.23 16 No employccs rcrKived cmolumcLts in eX￿S of £60.tMIO. Pa￿ 16 colltinued... Pembrokejhire Mellcap Limlt¢d Notsj to the Flh4ntial Stsit]DeDts_ contlDued for th¢ Y￿r EDd¢d 31 March 2024 ii. STAFF COSTS- eootknued 12. COMPARATDTS FOR TIIE sfATEMENT OF FIPIANCIAL ACTIVITIES- 31.03.23 Ujjrestrictcd Rc5trici¢d ruDtLs Total rullth IYCOME AND ENDOWMEKfs niom DotstioJJs and Icgaci 31,317 72.526 103,843 Charltsble A¢tivlti Wallcd gordens project 288,029 288.629 Other trading activi11¢s tnv¢5tM￿l iDcom¢ 2,000 Tot 321.948 72,526 394,474 EXPENDITURE ON Raisin¥ 878 878 Charltable ¥ctlvitieJ Walled gardcDS project Vincyard projecl Th¢ citi￿ll Curator Oral History Proje¢t Tot 297,217 13,871 3,696 230 311,088 3.696 230 298,095 17,797 315,892 NET INCOML 23,853 $4.729 78,582 RECONCILIATION OF FUNDS Total fimds brought forw¥d 114,031 230,970 345,001 TOTAL Fi]P4DS CARRtED FORWARD 137,884 285,699 423,583 Pag¢ 17 Ptthrokeshlre Meucap Llmiled o¢es to the FiDamcial Statemellt5- Contlllued for the Year E￿ded 31 March 2024 13. TANGIBLE FIXED A&SETS Fixtures, Fred￿ld plant attd proptriy macbitiery Tots]s COST At l ApTiI 2023 Addittons 374,734 68,066 12,715 442,800 12.715 At 31 hlarch 2024 374,734 80.781 455,515 DEPRECIATION Al l April 2023 Charge for yedr 151.279 14.989 43.478 7.021 194,757 22,010 At 31 Mar¢h2024 166,268 50,499 216.767 NEfBOOK VALUE At 31 ma￿ 2024 208.466 30,282 238,748 AL 31 2023 223,455 24,588 248,043 14. STOCKS 31.3.24 31.3.23 Stocks and work 2npxogre88 7.000 5,Otx) DEBTORS: AMOUNTS FALLING DUE wrniIN ONE YEAR 31.3.24 31.3.23 Debtors VAT debtor Ptcpaid expense8 1,323 1,160 3.246 1.526 308 3.556 5.729 5,390 16. CREDrroRS: AMOUNTS FALLING DUE WTlllIN ONE YEAR 31.3.24 31.3.23 CrcdiloT5 Other ¢r¢ditorn 11,609 41 1,995 8,101 J,895 13.645 9,996 PaKe 18 ¢ontinued... Pembroktshtre M¢ncap Limited Note& to the FlnoMcig1 StatemeAtI- tontlnued for the Ycar Ended 31 M￿ckn 2024 17. MOVEMEwf IN FtrNDS Net movancnt ill fimds At 31.3.24 At 1.4.23 Unrests4tted fwith fi￿d 137.884 16Jll 154,195 Restri¢ted lryoda N¢w ¢￿tr¢ Talkin8 sh Equipmcnl Gard¢n wasb statioo William Iltswell Johrj Davies Trust The Citizen Curdknrorai HistoryProj¢ct 202,828 5,244 2.287 6,876 67.715 749 (12.5591 (292) (4571 (312) {3,073) 2.372 190.269 4.952 1,%30 6.564 64,642 3.121 285.699 (14.321) 271 J78 TOTAL FUNDS 423,583 1,990 425.573 Nct twvctwnt in fi￿d$. in¢lwled in th¢ abov¢ aT¢ as foll￿.. Resour¢c5 Movernent Unr¢strid¢d f•ttdB G¢Der4] fulld 343,714 (327.403) Restrkted funds New centre Talking shed Equipmcut Gardu) Ivash statiQD William HO￿11 Jo]m Davt6s Tn￿t Tbc CitiZ¢D Curator FIistory Ptojrft {12,559) 1292) (457) (312) (3,073) (3.473} 112,559) {292) (457) (312) {3,073) 2.372 5.845 5,IM5 {20.166) (14.3211 TOTAL FUNDS 349.559 (347.5691 1,990 Page 19 contmued.. Pembrokeshtre Mencgp Limlt¢d F4ot¢$ to th¢ FlnADci¥I St*ttmellts- eon(5rtlled for the Y¢ArEMded 31 Mar& 21124 MOVEMENT DIFUNDS. ron*iDued 17. cowparA*ty￿ for fuhds Net rn(wem¢nt in fiujds At 31.3.23 At 1.4.22 Unrestricted fun¢ G¢iKral fiuMI 114.031 23,1153 137,884 RestrktEd furtth New ¢¢ntr Ta]king shcd Equipmcnl Gardcn wash $1atio William Howcll John Davies TTh￿1 rh¢ Citizen Curatororal History PTOjCCt 215,387 5,536 2,859 7.188 {12.559) {292) (571) (312) 67.704 759 202,828 5.244 2,288 6.876 67,71M 759 230,970 54,729 285.699 TOTAL IfuF4DS 345,(M>l 78.582 423.583 Cornparaiive net rn0￿1￿nt in fund4 ]￿l￿d¢d in th¢ abov¢ *re as follows.. R¥&Durccs cxp¢tsd Moverllellt in fiJnd5 sour 32J,948 {298,095) 23,853 Restri¢ted New ¢cntr¢ T￿]llg sk.d Equipmcnt dcn wasb statio Wi]11￿￿ Huwell Johll Davics Ttust Thc Citizen Curator OT41 Hisiory P￿J￿1 {12,559) 1292) {571} (312) {3.6961 (3671 (12,559) 1292) (5711 1312) 67.704 759 71.4(K) 1,126 72.526 {17.797) 54.729 TOTAL FiNDS 394,474 (315.892) 78,582 Page 20 Ptmbroke$hire MethrAP UrDlteJ IYo¢tS to the Finanti81 Ststernettt$- contloued for the Year 31 Mgrch 2024 MOvEmE￿r IN FUNDS. contlllue& 17. A ¢utTcntyw 12 months and prioryeAr 12 months CO￿b]ned position 15 ￿ follow7". Nct movem¢nt In funds At 31.3.24 At 1.4.22 UJweBtrl¢¢ed fuMd• GeneTa] fijnd 114,031 40.164 154,195 RcJtrfct¢d fuDdJ Ncw ccntrc Talkth¥ shed Equipm¢Dt GardcD wash statron willia￿ Howeu John Davies Tntst Thc Cili￿￿ Curatvr Oral Hi8tory Projcct 215,387 5,536 2.859 7,188 125,1181 (584) {1,0281 {624) 64.631 3,131 190,269 4.952 .831 6,564 64.631 3,131 230,97 40,408 271 J78 TOTAL FUNDS 345,001 80J72 425,573 A curr¢tst yw 12 atyj wior year 12 ￿t￿5 combtned nct movcrncnt in fulld4 includcd En th¢ above aT¢ as full0￿.. tncothing Resourccs MovtrnEnt in funds UDre8tri¢ted funds Gr￿ fth 665.662 (625.498) 40.164 iiestrf¢ted funds Ncw centr Talking shcd Equipmcni GardcD wash S￿170￿ William llo￿ll Johll Davies Trust The Citiy£ts Curator Oral History Prnje¢t 125,1181 (584) (1.0281 1624) (6,769) (3.840) (25,118) (5841 11.028) (0241 64,631 3.131 71.400 6,971 78.371 (37.963) 40.408 TOTAL FUTrTDS 744.033 (663.461) 80.572 P4gt 21 contiDUCd... Pembrokeshtre Mell￿P Llmlted to the Flnfinclal St*temthts- contiDued for th¢ Year Ended 31 M*r¢h 2024 RELITED PARTYDfscLOSURES 18. There w¢rc no ￿lated partytrans¥tions for the yeAT ¢Ddcd 31 MaT¢h 2024. Pagc 22 Pernbrokeshlre M¢D¢*P Llmited D¢tsiled StsteTr￿nt ofFinan¢ial AttivitieJ rot the EDded 31 Mwch 2024 31.3.24 31.3.23 INCOME AND ENDOIWMENrs Don2tlon$ 4Dd I￿Arles Gifts and douatioms GTanl8 Substtiptivns In5uranc¢ claitns 29,582 7,345 102.652 1.126 65 1.106 38,033 103,843 OthErtr&diMg activltle 650 2,￿0 IDYeitm¢nt Incilme Deposit a¢¢(Murt int¢rcst Ch•ritsble 8ctlvi*ies servi￿ levcl agrC¢tt￿ts GaTdeD sa1¥5 Courstlcare fce5 Cafe saks 139,824 13.1>46 l J7,256 22947 2,775 145,651 Is8,￿6 310,876 288,629 'fotal ineomkng rt4oureeJ 349,559 394,474 Cost thfgtnerath¥ fwi Function5 cxpcn5¢S 93S 878 Cknrllable a¢tivitles Wws Social security PeA]SiO￿5 e pUrch￿e$ Sccdsy plants, fediJA*rs Sbop purchascs MaLbinery and vehicle ¢xpcnse5 Rent 202.350 5,893 2.781 45,865 6,876 6294 7,231 1,331 5.007 4,906 801 934 13,512 9.051 658 2,649 21010 185202 4,897 2.485 46203 3,503 6.842 10.046 Cleaniti8 and ¢ollswwbl Telephone Wat¢r rdte8 Ligbi attd heat StllAII toojs and nJaintenaL Stsff 8nd volulltcer ￿pcrLf¢s Mcrchaut5ervi4c5 Dcpr¢riation of ts4iblt r￿ed a55ets 3.745 4.(K)9 781 754 4,833 5,009 1.549 2,552 21,133 338,149 304,543 This pagc does tsot fonn part of the 8tatytoryfwttcial st4t¢mcnts Page 23 P¢mbrokubire mell￿p Li]nlted Detailed StsteJllCDt of Finaoc141 A¢tivitie8 lor th¢ Y¢Ar End¢d 31 Mar¢b 2024 31.3.24 31.3.23 Support eoJt& Other Postag& Stsikonery and adveni¥iDg L&gaA atld prof¢55ional fccs Li¢￿¢¢S and substriptions TraiDing Accowitsncy 2,696 2.994 499 301 1.995 3,883 2,513 897 1.283 1,895 8,485 10,471 Totsl resowo Expended 347,569 315.892 LY¢t Imome 1,990 78.582 Tkn pagc do&s 00¢ lornipart of the slatutory staktncnts Pag¢ 24 P¢rnbr0k￿hIT¢ MeDcap Limited Cotttent$ of the Fin#nei￿ StatcmtDts for the Year Ended 31 March 2024 Page Ref¢r¢#¢¢ and Admini51ratiYe Detsiis Report of theTrustee8 IDd¢p¢Mdeat ExaminePs Report St4t¢ment of Acllwltles io Balance Sheet 11 kn 12 Iyotei to tht Financilll Statoment¥ 13 to 22 Iktaiied St4tetneDt of ffinanclal Adlviti 23 to 24