## ## ||Page| |---|---| |Report of theTrustem|'ltoz| |lndependent Examineds Report|3| |Shtement ofFinancialActivities|4| |Balance Sheet|5| |CashFlorvStatenrent|6| |Notes to theGashFlow Statement|7| |NoGs totheFiraRgial Statements|I to16| |Detailed Statement ofFinalcialActivl6es|17| |.j|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2A23|2022| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| ||Notes|funds
€|funds
f|funds
f|fundst| |INCOMEANDENDOWMENTS FROM|||||| |Donations and legacies|3|1,900||1,900|5,616| |Charitableactivities|6||||| |Charitable||6,548|139,444|145,992|614,242| |Other trading ac{ivities|4|1,073||1,073|1,892| |lnvestment income|5|2,305|9,158|11,463|| |Total||11,826|fig,642|160,428|621,754| |EXPENDITUREON|||||| |Charitableactivities
Charitable|7|(1,367)|67,069|65,702|4,406| |NET INCOME||13,193|81,533|94,726|617,U4| |Transfers betweenfunds|18|u2,4M|(a2,48r')||| |Netmovement infunds||855,677|(760,951)|94,7ffi|6',t7,W| |RECONCILIATION OF FUNDS
Tstal fundsbroughtforward||8,:1Sl|831,652|839,813|222,49| |TOTALFUNDS CARRIED FORWARD||863,838|70,7A1|934,539|839,813| ## ## |||31 M|ARCH 2023|||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
t|funds
E|funds
e|funds
€| |FIXED ASSETS||||||| |Tangible assets||12|15,179||15,179|| |Heritage assets||13|703,608||703,608|u7,151| |lnvestment property||14|191,7M||191,7U|| ||||910,491||910,491|u7,151| |EURRENITASSETS||||||| |Debtors||15|9,548||9,548|33,500| |Cash at bank|||15,740|70,701|86,441|29,566| ||||25,288|74,701|95,989|63,066| |CREDITORS||||||| |Amounts falling due within oneyear||16|(71,941)||(71,541)|(7O,4c4)| |NET CURRENTASSETS|||(46,653)|70,701|24,M8|(7,338)| |TOTALASSETS LESS CURRENT|LIABILITIES|t|863,838|70,701|934,539|839,813| ||a|||||| |NETASSETS|||863,838|70,701|934,539|839,813| |FUNDS||18||||| |Unrestncted funds|||||863,838|8,161| |Restricted funds|||||70,701|831,652| |TOTALFUNDS|||||934,539|839,813| ## ||CASH FLOW STATEMENT||| |---|---|---|---| ||FOR THEYEARENDED 31 MARCH|2023|| ||Notes|2023I|2422
e| |Cashflows from operating activities|||| |Cash generated from operations|1|124,215|653,360| |Netcash providedbyoperating activities||120,215|653,360| |Cashflows from investing activities|||| |Purchaseoftangiblefixed assets||(15,179)|| |Purchase of heritage assets||(48,161)|(847,150)| |Net cash usedininvesting activities||(63,340)|(847,150)| |Change in cash and cash equivalents|in||| |thereportingperiod||56,875|(193,790)| |Cashand cash eguivalentsatthe|||| |beginning of thereportingperiod||29,566|u3,356| |Cashand cash equivalentsatthe end|of||| |thereporting perio4|-t|86,441|29i566| ## ## |||||.
.',,i| |---|---|---|---|---| ||FOR THE YEAR ENDED 31 MARCH 2023|||| |1|RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING||ACTMNES|| ||||2A23
c|2022
I| ||Het incomeforthereportingpriod(aspertheStatement of Flnancial|||| ||Ac'tMties)||94,726|617,U4| ||Adiustmentsfor:|||| ||Decrease{increase}indebtors||23,952|(32,388)| ||lncreaseincreditors||1,537|68,404| ||Netcashprovidedbyoperations||120,215|
653,360| |2.|ANALYSISOF CHANGES IN NET FUNDS|||| ||At|1.4.22|Cashflotrtr|Ar31.3.23| |||t|I|c| ||Netcash|||| ||Cash at bank|29,566|56,875|86,441| |||29,566|56,875|86,M1| ||Total|29,566|56,875|86,M1| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3.|DONATIOIISAI{DLEGACIES|||| |---|---|---|---|---| ||
Donations
Memberssubscriptions||2423
t8
1,835
65|2022
5,551
65| ||||lf00|5,619| |4.|OTHER TRADING ACTIVITIES|||| ||-{||2423
€|2022
f| ||Fundraising events||863|519| ||RoomHire||210|1,373| ||||1,073|1,892| |5.|INVESTMENT INCOME|||| ||||2423
f|2422
f| ||Rents received|t|11,463
:|| |6.|INCOME FROMCHARITABLEACTIVITIES|||| ||Activity||2023t|2022
E| ||Grants
Charitable||145,992|6',t4,242| ||Grants received, inctudedinthe above, areasfollows:|||| ||'ln||2023
t|2022t| ||Railwgy Heritage TrustGrant|||390,000| ||Carmarthenshire County Gouncil||25,552|152,350| ||PostcodeLotteryGrant|||9,S56| ||Pilgrim Trust Grant|||20,000| ||Great Westem Rail Grant|||15,936| ||RiinCommunity Fund|||1,000| ||Welsh Govemment CADW||50,000|25,000| ||Asda||600|| ||Moondance||20,u0|| ||National Lottery Heritage Fund€lacesfor nature||49,000|| ||||145,992|614,242| ## ## ## |7.|GHARITABLE ACTIVITIES COSTS|||| |---|---|---|---|---| ||||Support|| |||Direct|costs (see|| |||Gosts
€|note 8)
f|Totals
€| ||Charitable|63,436|:266_|65,7A2| |8.|SUPPORTCOSTS|||| ## ## ## ||There werenotrustees' expensgqpaid|for the year ended 31 March 2023nor fortheym|ended 31 Mar|ch 2022.| |---|---|---|---|---| |10.|STAFFCOSTS|-i||| ||||2023|2022| ||||€|€| ||Wages and salaries||23,174|1,481| ||||23,174|1,481| ||The average monthly numberofemployees during the year wasasfollows:|||| ||||2023|2022| ||Administration|.t|2|1
:| |||&||| ||No employees received emolumentsin|excessoff60,fi$.||| |11,|COMPARATIVES FOR THE STATEMENT OF FINANCIALACIUNES|||| |||Unrestricted|Resticted|Total| ||:|funds
E|funds
f|funds
E| ||rNcoME ANpENDOWiTENTS FROM|||| ||Donations.and legacies|5,616||5,616| ||Ghan'hble ac'tivities|||| ||Charitable||614,242|614,242| ||OJhertadingactivities|1,892||1,892| ||Total|7,508|614,242|621,750| ||EXPENDITURE ON|||| ||Charitableactivities|||| ||Charitable|425|3,981|4,406| ||NET INGOME|7,083|610,261|617,344| ## ## ||NOTES TO THEFINANCIALSTATEMENTS -continued
FORTHE YEARENDED 31 MARCH 2023|NOTES TO THEFINANCIALSTATEMENTS -continued
FORTHE YEARENDED 31 MARCH 2023||| |---|---|---|---|---| |11.|COMPARATIVES FOR THESTATEIUTENTOF FINANCIAL ACTIVITIES-continued|||| |||Unrestricted|Restricted|Total| |||funds
t|funds
t|fundst| ||RECONCILIATION OF FUNDS|||| ||Total funds brought forward|1,078|221,351|222,469| ||TOTALFUNDS CARRIED FORWARD|8,161|831,652|839,813| |12.|TANGIBLEFIXED ASSETS|||| |||lmprovements|Fixtures|| |||to|and|| |||property
e|fittings
€|Totals
t| ||COST|||| ||Additions|14,087|5,092|15,179| ||NETBOOKVALUE|||| ||At 31 March 2023|10,087|5,092|15,179| ||At31March2O22|||| |13.|HERITAGE ASSETS|||| |||||Total
t| ||MARKETVALUE|||| ||At1April2022|||u7,151| ||Additions|||4e,161| ||Reclassification|||uy,704.).| ||At 31 March 2023|||703,608| |||t||| ||NET BOOKVALUE|||| ||At 31 March 2023|||703,608
:| ||At 31 March 2022|||u7,151| ## ## ## |ITTIVESTMENTPROPERTY|| |---|---| ||t| |FAIRVALUE|| |Reclassification|191,704| |At 31 March 2023|191,704| |NETBOOKVALUE|| |Al31March2023|191,704| |At 31 March 2022|| ## ||||2023
e|2022
t| |---|---|---|---|---| |VAT|||358|33,500| |Prepayments and accruedinconrii'|-t||9,190|| ||||9,tr8|33,500| |CREDITORS:AMOUNTS FALLING|DUEWTHINONEYEAR|||| ||||2023
t|2422
t| |Other creditors|||67,175|55,795| |Accrued expenses|||4,766|14,609| ||||71,941|70,404| |||t||| ## ## ## ## ## |MOVEMENT IN FUNOS|||||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|between|At| ||At'1.4.22
t||infunds
f|funds
E|31.3.23
t| |Unrestrictedfunds|||||| |General fund|8,161||13,193|(1,007)|20,u7| |Designated Asset Fund Capital||||u3,491|u3,491| ||8,161||13,193|u2,484|863,838| |Restrictedfunds|||||| |LlanelliTown Council-Remembrance Day|||||| |Events|399||(3se)||| |Railway Heritage Trust Grant|390,000||(7,813)|(382,187)|| |Garfield Weston Foundation|74,992|||(70,e92)|| |Carma(henshireCounty Council - Targeted|||||| |Regeneration lnvestment progmmme|298,369|||(298,369)|| |Welsh Water Rain Community Fund|1,000||(1,000)||| |PostcodeCommunigTrust|9,956||(8,236)||720_
1| |Pilgrim Trust Grant|20,000||(20,000)||| |GreatWestemLimited|15,936|||(15,e36)|| |Welsh Govemment CADW|25,000||50,000|(75,000)|| |Moondance|||24,U0||20,840| |National Lottery HeritageFund- Placesfor|||||| |Nature|||48,141||48,141| ||831,652||81,533|(U2,484)|70,701| |TOTALFUNDS|839,813||94,726||934,539| |Net movementinfunds, includedinthe above areasfollows:|||||| ||||lncoming|Resources|Movement| |Unrestrictedfunds||t|resources
t|expended
t|infunds
E| |General fund|||11,826|1,367|13,193| |Restricdedfunds|||||| |Llanelli Town Council-Remembrance Day|||||| |Events
CarmartheshrireCounty Council
Railway Heritage Trust Grant
Welsh Water Rain Community Fund
PostcodeCrxrmunityTrust
PilgrimTrust Grant
Welsh Govemment CADW|||28,
6;
50,000|(3ee)
(28,162\
F,e13)
(1,000)
(8,236)
(20,000)|(3ee)
(7,813)
(1,000)

(8,236)
(20,000)
50,@0| |Asda|||600|(600)|| |Moondance|||20,u0||20,ua| |National Lottery HeritageFund- Placesfor|||||| |Nature|||49,000|(85e)|48,141| ||||148,602|(67,069)|81,533| |TOTALFUNDS|||164,428|(65,702)|94,726| ## ## ## |Comparativesformovementin|funds|||| |---|---|---|---|---| ||||Net|| ||||mqvement|At| |||Alt1.4.21|intunds|31.3.22| |||E|e|€| |Unrestrictedfunds||||| |General fund||1,078|7,083|8,161| |Restrictedfunds||||| |Llanelli Town Council-Remembrance Day||||| |Events||399||399| |Railway Heritage Trust Grant|||390,000|390,000| |Garfield Weston Foundation||70,992||70,992| |Carmarthenshire County Council|- Targeted|||| |Regeneration lnvestment programme||150,0m|148,369|298,369| |Welsh Water Rain Community Fund|||1,000|1,000| |Postcode Community Trust|||9,956|9,956| |Pilgrim Trust Grant|||20,000|20,000| |Great Westem Limited|||15,936|15,936| |Welsh Govemment CADW|.t||25,000|25,000| ||-t|221,391|610,261|831,652| |TOTALFUNDS||222,469|617,344|839,813| |Comparative net movementinfunds, includedinthe above areasfollows:||||| |||lncoming|Resources|Morement| |||resour@s
€|expended
t|intunds
€| |Unrestrictedfunds||||| |General fund|t|7,508|(425)|7,083| |Restrictedfunds||||| |Carmailheshire County Council||2,350|(2,350)|| |Railway Heritage Trust Grant||390,000||390,000| |Carmarthenshire County Council|-Targeted|||| |Regeneration lnvestment programme||150,000|(1,631)|148,369| |Welsh Water Rain Community Fund||1,000||1,000| |Postcode Cornmunity Trust||9,956||9,956| |Pilgrim Trust Grant||20,000||20,000| |GreatWestenLimited||15,936||15,936| |Welsh Govemment CADW||25,000||25,000| |||614,242|(3,981)|610,261| |TOTALFUNDS||621,750|(4,406)|617,U4| ## ## ## |Acunentyear12months and|prioryear12month|s combined position|is asfollows:||| |---|---|---|---|---|---| ||||Net|Transfers|| ||||movement|betvyeen|At| |||N1.4.21
s|infunds
t|funds
f|31.3.23
c| |Unrestrictedfunds|||||| |General fund||1,078|20,276|(1,007)|24347| |Designated Asset Fund Capital||||w3,491|843,49't| |||1,078|24,276|u2,4U|863,838| |Restrictedfunds|||||| |LlanelliTownCouncil-Remembrance Day|||||| |Events||399|(3ee)||| |Railway Heritage TrustGnant|||187
382,|(382,187)|| |Garfield Weston Foundation||70,992||(70,sez)|| |CarmarthenshireCoungCouncil - Targeted|||||| |Regeneration lnvestmentErogftmme
Postcode Community Trust||150,000|148,369
1,720|(298,369_)|1,720| |Great Westem Limited|||15,936|(15,936)|| |WelshGovemmentCADW|||75,000|(75,000)|| |Moondance|||20,u0||20,uo| |National Lottery HeritageFund- PlacesfoF|||||| |Nature|||48,141||48,141| ||;|221,391|691,794|(U2,48r'.)|70,701| |TOTALFUNDS||222,469|712,070||934,539| ||t|lncoming
resources
t|Resources
expended
€|Movement
intunds
€| |---|---|---|---|---| |Unrestrictedfunds||||| |General fund||19,334|942|20,276| |Restrictedfunds||||| |Llanelli Town Council-Remembrance Day||||| |Events|||(3ee)|(3ee)| |Carmartheshire County Council||30,512|(30,512)|| |Railway Heritage Trust Grant||390,000|(7,813)|382,187| |Carmarthenshire County Council-Targeted||||| |Regeneration lnvestrnent programme
Welsh Water Rain Community Fund||150,000
1,000|(1,631)
(1,000)|148,369| |Postcode Community Trust||9,956|(8,236)|1,720| |Pilgrim Trust Grant||20,000|(20,000)|| |Great Western Limited||'t5,936||'15,936| |Welsh Government CADW||75,000||75,000| |Asda||600|(600)|| |Moondance||24,M0||20,840| |National Lottery HeritageFund -Placesfor||||| |Nature||49,000|(85s)|48,141| |||762,U4|(71,050)|
691,794| |TOTALFUNDS||782,178|(70,108)|
712,070| ## ## ## ## ## |||||t
2023|E
2022| |---|---|---|---|---|---| |INGOMEANDENDOWMENTS|||||| |Donations and legacies|||||| |Donations||||1,835|5,551| |Members subscriptions||||65|65| |||||'t,900|5,616| |Othertrading activities|||||| |Fundraising events||||863|519| |Room Hire||||210|1,373| |||||1,A73|1,892| |lnvestmentincome|||||| |Rents received||||11,463|| |Charitableactivities
Grants||||145,992|614,242| |Totalincoming resources|.:!|||160,428|621,750| |||(|||| |EXPENDITURE|||||| |Gharitableactivities|||||| |Wages||||23,174|1,481| |lnsurance||||16,325|| |Gleaning||||1,743|| |Office Running Costs||||6,718|| |Vat recovered||||(1,820)|| |Subscriptions|||||329| |Food||||592|| |Phase1Revenue costs|||t|14,500|| |Capital spend belowf500||||2,2U|| |||||63,436|1,810| |Supportcosts|||||| |Finance|||||| |Bank charges|||||96| |Supportcosts|||||| |Accountrancyand legal fees||||2,266|2,500| |Total resources expended||||65,702|4,406| |Net inconne||||94,726|617,344|