||Page| |---|---| |Report ofthe Trustees|1to 4| |Statement
ofFinancial Activities|| |Balance Sheet|6to7| |Cash Flow Statement|| |Notes to the Cash Flow Statement|| |Notes to the Financial Statements|10to 18| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Statement of|Statement of|Financial Activities|Financial Activities||| |---|---|---|---|---|---|---|---| |||for tbe|Year Ended 31Au||st 2020||| |||||||2020|2019| |||||Unrestricted|Restricted|Total|Total| |||||funds|funds|funds|funds| ||||Notes||f.|f.|| |INCOME AND ENDOWMENTS||FROM|||||| |Donations
and legacies|||2|22|8,695|8,717|27| |Charitable
activities||||4,070||4,070|3,681| |Other income||||19,500||19,500|11,410| |Total||||23,592|8,695|32,287|15,118| |EXPENDITURE ON|||||||| |Charitable
activities|||5|84,480|30,872|115,352|145,552| |NET INCOME/(EXPENDITURE)||||(60,888)|(22,177)|(83,065)|(130&434)| |RECONCILIATION|OF FUNDS||||||| |Total funds brought|forward|||(119,147)|1,821,991|1,702444|1,833,278| |TOTAL FUNDS CARRIED FORWARD||||(180,035)|1,799,814|1,619,779|1,702,844| ||||Balauce Sheet||| |---|---|---|---|---|---| |||t|31tAt t 202tl||| |||||2020|2019| |||Notes||g|f.| |FIXEDASSETS|||||| |Tangible assets||11||1,882/84|1,899,737| |Investment
property||12||586,394|563,084| |||||2,468,978|2,462,821| |CURRENT ASSETS|||||| |Debtors||13||25,955|20,083| |Cash at bank|||||32| |||||25,955|20,115| |CREDITORS|||||| |Amounts
falling due within|one year|14||(210,679)|(89,392)| |NET CURRENT|||||| |ASSETS/(LIABILITIES)||||(184,724)|(69,277)| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||||2,284454|2,393,544| |CREDITORS|||||| |Amounts
falling due after more than one|||||| |year||15-16||(664,475)|(690,700)| |NET ASSETS/(LIABILITIES)||||1,619,779|1,702/44| |FUNDS||17-18|||| |Unrestricted
funds
Restricted funds||||(180,035)
1,799814|(119,147)
1,821,991| |TOTAL FUNDS||||1,619,779|1,702/44| ## ||||Cash Flow Statement|||| |---|---|---|---|---|---|---| |||for the|Year Ended 31Au|st 2020||| ||||||2020|2019| ||||Notes|||| |Cash flows from operating|activities:|||||| |Cash generated
from opemtions|||||(48)|(33,869)| |Net cash (used in)/provided|by operafing|||||| |activities|||||(48)|(33,869)| |Cash flows &om investing
activities:||||||| |Purchase oftangible fixed assets
Saleoftangible fixed assets|||||(1,180)|(7,745)
641| |Improvements
to investment|property||||(23,310)|(1,250)| |Net cash (used in) investing|activities||||(24,490)|(8,354)| |Cash flows from financing
activities:||||||| |New loans in year
Loan repayments
in year|||||14,475|725,000
(352,683)| |Net cash provided
by/ (used|in) financing|||||| |activities|||||14,475|372,317| |Change in cash and cash equivalents||in the||||| |reporting
period
Cash and cash equivalents
at
ofthe reporting period|the beginning||||(10,063)
32|330,094
(330,062)| |Cash and cash equivalents
at|the end ofthe|||||| |reporting
period|||||(10,031)|32| ## |||||||2020|2019| |---|---|---|---|---|---|---|---| ||Net income/(expenditure)
for|the reporting|||period (as per the||| ||statement offinancial activities)|||||(83,065)|(130,434)| ||Adjustments
for:||||||| ||Depreciation
charges|||||10,833|10,382| ||Revaluation oftangible fixed|assets||||7,500|15,572| ||Decrease/(increase)
in debtors|||||(5,872)|143,853| ||(Decrease)/increase
in creditors|||||70,556|(73,242)| ||Net cash (used in)/provided
by operating|||activities||(48)|(33,869)| |2.|ANALYSIS OF CASH AND|CASH|EQUIVALENTS||||| |||||||2020|2019| ||Bank balance / (bank overdrafi|included|in||bank loans and||| ||overdrafts
falling due within one year)|||||(10,031)|32| ## ## ## ## ## ## ## ## ## ## ## ## |||||2020|2019| |---|---|---|---|---|---| ||Donations|||22|27| ||Grants|||8,695|| |||||8,717|27| ||Grants received, included||in the above, are as follows:||| |||||2020|2019| ||||||f,| ||Government|Job Retention|Scheme|8,695|| |3.|INCOME|FROM CHARITABLE ACTIVITIES|||| |||||2020|2019| |||||g|| ||Arboretum
admissions
Car parking
income
Friends ofGolden Grove|||1,116
1,937
885|1,495
1,382
608| ||Firewood sales|||69|75| ||Film production
income|||63|| ||Miscellaneous
income||||121| |||||4,070|3,681| ## ## ||||||2020|2019| |---|---|---|---|---|---|---| |||||||g| ||Rent receivable (Cafe)||||10,000|847| ||Holiday lettings (East Lodge)||||8,122|6,554| ||Rent receivable (East|Lodge)||||4,009| ||Holiday lettings (West Lodge)||||952|| ||Holiday lettings (Mansion)||||380|| ||Interest receivable||||46|| ||||||19,500|11,410| |5.|CHARITABLE ACTIVITIES COSTS|||||| |||||Direct costs|Support costs|Totals| |||||(Seenote 6)|(Seenote 7)|| ||Charitable
activities|||89,576|25,776|115,352| |6.|DIRECT COSTSOF CHARITABLE ACTIVITIES|||||| ||||||2020|2019| ||Operational
salaries
Legal &professional|fees|||18,313
4,439|17,522
4,806| ||Insurance||||3,852|3,808| ||Electricity||||5,446|6,508| ||Parks maintenance
Building
repairs &maintenance||||364
8,554|1,389
10,679| ||Bank loan interest||||31,462|21,436| ||Bank interest
Bank and credit card charges||||902
5,411|30,114
8,855| ||Depreciation||||10,833|10,382| ||||||89,576|115,499| |Z.|SUPPORT COSTS|||||| ||||||2020|2019| ||Adminisnation
and information||technology||25,263|28,400| ||Governance
costs||||513|1,653| ||||||25&776|30,053| ## ## |||2020|2019| |---|---|---|---| |Auditors'
remuneration|||| |Other non-audit
Depreciation
-|services
owned assets|500
10,833|1,500
10,382| ## ## ## |||2020|2019| |---|---|---|---| |Wages and salaries
Social security costs
less National
Insurance
Other pension costs|Allowance 2018/19tax year|43,000
412
(3,000)
919|40,607
1,915
687| |||41,331|439209| |2020|2019| |---|---| |2|2| ## ## ## |||machinery|| |---|---|---|---| ||fmehold|and|playground| ||property|equipment|equipment| ||8||| |COST|||| |At 1 September 2019|1,855,575|42,138|14,931| |Revaluation|(7,500)||| |Additions|260|920|| |Disposals|||| |At 31August 2020|1,848@35|43,058|14,931| |DEPRECIATION|||| |At 1 September 2019||29,315|2,986| |Charge for year||6,587|1,493| |Eliminated
on disposal s|||| |At 31August 2020||35,902|4,479| |NET BOOK VALUE|||| |At 31August 2020|1,848435|7,156|10,452| |At 31August 2019|1,855/75|12,&23|11,945| |||website and|| ||works ofart|signage|Totals| ||I||f.| |COST|||| |At 1 September 2019
Revaluation
Additions|16,639|11,919|1,941,202
(7,500)
1,180| |Disposals|||| |At 31August 2020|16,639|11,919|1,934,882| |DEPRECIATION|||| |At 1September 2019||9,164|41,465| |Charge for year||2,753|10,833| |Eliminated
on disposals|||| |At 31August 2020||11,917|52,298| |NET BOOK VALUE|||| |At 31August 2020|16,639|2|1,882,584| |At 31August 2019|16&639|2,755|1,899,737| ## |||~td tL
d|E~tL|d||| |---|---|---|---|---|---|---| ||NET BOOK VALUE|||||| ||At 1 September 2019
Improvements|277,360
23,310|285,722|||563,082
23,310| ||At 31August 2020|300,670|2S5,722|||586,392| ||The properties were valued, as loan security, by an independent
5550,000in total before the 2020 renovation ofWest Lodge.||valuer|on|12August 2019at|| ||||||2020|2019| ||Investment
in subsidiary
company:|2 shares at Xl|||2|2| |13.|DEBTORS:AMOUNTS FALLING|DUE WITHIN ONE YEAR||||| ||||||2020|2019| ||Amount
owed by subsidiary
company
Other debtors tk prepayments||||25,300
655|g
15,185
4,898| ||||||25,955|20,083| |14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE||YEAR|||| ||||||2020|2019| ||Trade creditors
Other creditors and accrual s
Social security and other taxes
Bank interest
Bank loans and overdratts
(see note 16)
Trustee's loan account||||22,423
10,634
2,051
29,082
85,031
61,458|33,809
16,660
4,623
34,300| ||||||210,679|S9+92| ## ## ## |An analys|is ofthe m|aturity ofloans isgiven below:||| |---|---|---|---|---| ||||2020|2019| |Amounts|falling due|within one year:||| |Bank loan|||75,000|34,300| |Bank overdraft|||10,031|| ||||85,031|34,300| |Amounts|fidling due|between two and five yearst||| |Bank loan|||185,000|180,300| |Welsh Government||Economic Resilience loan|10,000|| ||||195,000|180,300| |Amounts|falling due|between six and fourteen years:||| |Bank loan|||469,475|510,400| ## ## |||||for t|he Year Ended 31Au
st|2020||| |---|---|---|---|---|---|---|---|---| |18.|MOVEMENT IN|FUNDS|||||Net|| ||||||||movement
in|| |||||||At 1/9/19|funds|At 31/8/20| |||||||f.||| ||Unrestricted
funds|||||||| ||General fund|||||(119,147)|(60,888)|(180,035)| ||Restricted funds|||||||| ||Government
Job|Retention||Scheme||||| ||Welsh Government||Grants|||374,649|(6,557)|368,092| ||Carmarthenshire|County Council||||15,620|(15,620)|| ||Getty Foundation|||||71,722||71,722| ||Trustee Funding|||||1,360,000||1,360000| |||||||1,821/91|(22,177)|1,799814| ||TOTAL FUNDS|||||1,702J)44|(83,065)|1,619,779| ||Net movement
in|funds, included|||in the above are as follows:|||| |||||||Incoming|Resources|Movement
in| |||||||resources|expended|funds| ||Unrestricted
funds|||||||| ||General fund|||||23,592|(84,480)|(60,888)| ||Restricted funds|||||||| ||Govennnent
Job Retention|||Scheme||8,695|(8,695)|| ||Welsh Government||Grants||||(6,557)|(6,557)| ||Carmarthenshire|County Council|||||(15,620)|(15,620)| |||||||8,695|(30,872)|(22,177)| ||TOTAL FUNDS|||||32,287|(115,352)|(83,065)| ## ## ## ## ## ## ##