| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Notes | |||||||
| INCOME FROM | |||||||
| Donations and legacies |
259,476 | 1,020,053 | 1,279,529 | 1,530,906 | |||
| Trading activities |
9,781 | 9,781 | 6,828 | ||||
| Investment income |
15 | 15 | 68 | ||||
| Total | 269,272 | 1,020,053 | 1,289,325 | 1,537,802 | |||
| EXPENDITURE | ON | ||||||
| Raising funds | 1,748 | 1,748 | 4,428 | ||||
| Charitable activities |
|||||||
| Preservation ofthe |
heritage of Hay Castle | 101,355 | 58,686 | 160,041 | 87,438 | ||
| Total | 103,103 | 58,686 | 161,789 | 91,866 | |||
| NET INCOIIE | 166,169 | 961,367 | 1,127,536 | 1,445,936 | |||
| Transfers between |
funds | 21 | 1 153656 | ~1,153686) | |||
| Net movement | in funds | 1,3'I9,855 | (192,319) | 1,127,536 | 1,445,936 | ||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 8,143,054 | 243,203 | 8,386,257 | 6,940,321 | |||
| TOTAL FUNDS | CARRIED FORWARD | 9,462,909 | 50,884 | 9,513,793 | 8,386,257 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Res bicted | Total | Total | ||
| Notes | funds | funds | funds | fundsf | |
| FIXEDASSETS | |||||
| Tangible assets Heritage assets Investments |
14 15 16 |
9,958154 5,700 1 |
9,958,154 5,700 1 |
8,706,444 5,700 1 |
|
| 9,963,855 | 9,963,855 | 8,712,145 | |||
| CURRENT ASSETS | |||||
| Debtors Cash at bank and in hand |
17 | 50,799 323,512 |
308,599 17555 |
359,398 341,067 |
511,527 218,581 |
| 374,311 | 326,154 | 700,465 | 730,108 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
18 | (842,757) | (275,270) | (1,118,027) | (1,013,496) |
| NET CURRENT ASSETSI(LIABILITIES) | ~468446) | 50884 | ~417562 | ~283,388 | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 9,495,409 | 50,884 | 9,546,293 | 8,428,757 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
19 | (32,500) | (32,500) | (42,500) | |
| NETASSETS | 9,462,909 | 50,884 | 9,513,793 | 8,386257 | |
| FUNDS | 21 | ||||
| Unrestricted funds Restricted funds |
9,462,909 50,884 |
8,143,054 243,203 |
|||
| TOTAL FUNDS | 9,513793 | 8 386,257 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | F | |||||
| Cash flows from operating | activities | |||||
| Cash generated from operations Interest paid |
1,233,994 ~892) |
1,384,391 | ||||
| Net cash provided by operating activities |
1,233,102 | 1,384,391 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets Purchase ofheritage assets |
(1,253,131) | (1,863,311) (5,700) |
||||
| Interest received | 15 | 68 | ||||
| Net cash used in investing |
activities | ~1,253,116) | ~1,868,943) | |||
| Cash flows from financing | activities | |||||
| New loans in year Loan repayments in year |
150,000 ~7,500 |
500,000 | ||||
| Net cash provided by financing activities |
142,500 | 500,000 | ||||
| Change in cash and cash |
equivalents | in | ||||
| the reporting period |
122,486 | 15,448 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 218,581 | 203,133 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
341.067 | 218,581 |
| RECONCILIATION | RECONCILIATION | OF NET INCOINE TO NET CASH FLOW FROM OPERATING | OF NET INCOINE TO NET CASH FLOW FROM OPERATING | OF NET INCOINE TO NET CASH FLOW FROM OPERATING | OF NET INCOINE TO NET CASH FLOW FROM OPERATING | ACTIVITIES | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| F | ||||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | |||||
| Activities) | 1,127,536 | 1,445,936 | ||||||
| Adjustments | for: | |||||||
| Depreciation | charges | 1,421 | 739 | |||||
| Interest received | (15) | (68) | ||||||
| Interest paid | 892 | |||||||
| Decrease/(increase) (Decrease)fincrease |
in in |
debtors creditors |
152,129 ~47.969 |
(201,607) 139,391 |
||||
| Net cash provided | by | operations | 1,233,994 | 1,384,391 | ||||
| 2. | ANALYSIS OF CHANGES | IN NET DEBT | ||||||
| At 1/5/21 | Cash flow | At 30/4/22 | ||||||
| Net cash | ||||||||
| Cash at bank and in | hand | 218,581 | 122,486 | 341,067 | ||||
| 218,581 | 122,486 | 341,067 | ||||||
| Debt | ||||||||
| Debts falling Debts falling |
due within 1 year due after 1 year |
(657,500) ~42,500) |
(152,500) 10,000 |
(810,000) ~32.50D |
||||
| )700.00D0D0) | )142,500) | ~642,500) | ||||||
| Total | ~481,419) | ~20,014) | ~501,433) |
| DONATIONS AND LEG |
ACI | ES | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022f | 2021 | |||||||||
| Donations | 2,625 | 21,330 | ||||||||
| Gift aid tax reclaimed | 70 | 2,813 | ||||||||
| Grants | 1,273,674 | 1,502,903 | ||||||||
| Subscriptions | 3,160 | 3,860 | ||||||||
| 1,279,529 | 1,530,906 | |||||||||
| Grants received, included |
in | the above, are as follows: | ||||||||
| 2022f | 2021 | |||||||||
| National Lottery Heritage |
Fund | 863,859 | 1,205,623 | |||||||
| Clore Duffield Foundation |
-Clore Cultural | Learning | Fund 2020 | 15,000 | ||||||
| Esmee Fairbaim Foundation |
53,334 | |||||||||
| National Lottery Community |
Fund - | Rural | Programme | 44,740 | ||||||
| Welsh Government -LEADER |
Programme | 6,194 | 16,706 | |||||||
| The Ashley Family Foundation | - Medieval | Costume | Community | project | 1,500 | |||||
| Welsh Government -Wales |
Cultural | Recovery Fund Phase | 1 | 150,000 | ||||||
| Welsh Government- Wales |
Cultural | Recovery Fund Phase | 2 | 103,621 | ||||||
| Powys County Council - | Community | Development | Fund | 10,000 | ||||||
| The Mumford Memorial Trust - |
Restoration | ofthe Dutch Gables | 5,000 | |||||||
| Powys County Council - | Lockdown | Business Rates | grant | 1,000 | ||||||
| The Moondance Foundation |
-COVID support | 150,000 | ||||||||
| Welsh Government -Restoration of |
Hay Castle | 150,000 1,273674, 1,502,903 |
||||||||
| TRADING ACTIVITIES | ||||||||||
| 2022f | 2021f | |||||||||
| Honesty bookshop sales |
2,740 | 730 | ||||||||
| Rental income | 7,041 | 6,083 | ||||||||
| Other income | 15 | |||||||||
| 9,781 | 6,828 | |||||||||
| INVESTMENT INCOME | ||||||||||
| 2022 | 2021 | |||||||||
| Deposit account interest | 15 | 68 |
| Raising donations and legacies |
Raising donations and legacies |
Raising donations and legacies |
Raising donations and legacies |
Raising donations and legacies |
|||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021f | ||||||||
| Consultancy | fees | 691 | 3,606 | ||||||
| Trading activities | |||||||||
| 2022f | 2021f | ||||||||
| Cost offunctions | and events | 435 | 200 | ||||||
| Depreciation | 622 | 622 | |||||||
| 1,057 | 822 | ||||||||
| Total | 1,748 | 4,428 | |||||||
| CHARITABLE | ACTIVITIES COSTS | ||||||||
| Direct | Support | ||||||||
| Costs (see | costs (see | ||||||||
| note 8) f |
note 9) | Totalf | |||||||
| Preservation | ofthe heritage of Hay | ||||||||
| Castle | 97.498 | 62,543 | 160,041 | ||||||
| DIRECT COSTS | OF CHARITABLE | ACTIVITIES | |||||||
| 2022f | 2021f | ||||||||
| Staff costs | 11,698 | ||||||||
| Establishment | costs | 49,154 | 32,308 | ||||||
| Postage and | stationery | 34 | 500 | ||||||
| Advertising | and promotions | 5,666 | 852 | ||||||
| Repairs and | maintenance | 9,361 | 2,817 | ||||||
| Travel | 419 | 116 | |||||||
| Office expenses | 1,427 | 1,865 | |||||||
| Recruitment | 18,175 | ||||||||
| Website costs | 1,400 | 3,595 | |||||||
| Bank charges | 164 | 242 | |||||||
| 97,498 | 42,295 | ||||||||
| SUPPORT COSTS | |||||||||
| Staff | Governance | ||||||||
| costs f |
Finance f |
Other | costs f |
Total | |||||
| Preservation | ofthe heritage | ||||||||
| of Hay Castle | 38,852 | 892 | 18,029 | 4,770 | 62,543 | ||||
| 2021 | 29,248 | 7,461 | 8,434 | 45,143 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | ||||
| Depreciation | -owned assets | 1,421 | 739 | |
| Auditors' | remuneration | 4,000 | 3,800 |
| STAFF CO | STS | |||
|---|---|---|---|---|
| 2022 f |
2021 | |||
| Wages and | salaries | 94,639 | 74,142 | |
| Social security costs | 4,520 | 3,796 | ||
| Employer pension costs | 1,956 | 1,753 | ||
| 101,115 | 79,731 | |||
| The average | number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Employees | 3 | 2 |
| Unrestricted | Restricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| INCOME FROM | ||||||||
| Donations and legacies |
156,503 | 1,374,403 | 1,530,906 | |||||
| Trading activities | 6,828 | 6,828 | ||||||
| Investment income |
68 | 68 | ||||||
| Total | 163,399 | 1,374,403 | 1,537,802 | |||||
| EXPENDITURE | ON | |||||||
| Raising funds | 4,428 | 4,428 | ||||||
| Charitable activities |
||||||||
| Preservation ofthe |
heritage of | Hay Castle | 47,327 | 40,111 | 87,438 | |||
| Total | 51,755 | 40,111 | 91,866 | |||||
| NET INCOME | 111,644 | 1,334,292 | 1,445,936 | |||||
| Transfers between |
funds | 1,352,408 | ~1,352,408) | |||||
| Net movement | in funds | 1,464,052 | (18,116) | 1,445,936 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total funds brought | forward | 6,679,002 | 261,319 | 6,940,321 | ||||
| TOTAL FUNDS | CARRIED FORWARD | 8,143,054 | 243,203 | 8,386,257 | ||||
| TANGIBLE FIXEDASSETS | ||||||||
| Fixtures | ||||||||
| Freehold | Plant and | and | Computer | |||||
| property f |
machinery | fittings | equipment | Totals F |
||||
| COST | ||||||||
| At 1 May 2021 | 8,703,615 | 9,486 | 6,222 | 3,539 | 8,722,862 | |||
| Additions | 1,241,489 | 3,545 | 4,689 | 3,408 | 1,253,131 | |||
| At 30April 2022 | 9,945,104 | 13,031 | 10,911 | 6,947 | 9,975,993 | |||
| DEPRECIATION | ||||||||
| At 1 May 2021 | 9,486 | 5,391 | 1,541 | 16,418 | ||||
| Charge for year | 622 | 799 | 1,421 | |||||
| At 30April 2022 | 9,486 | 6,013 | 2,340 | 17,839 | ||||
| NET BOOK VALUE | ||||||||
| At 30April 2022 | 9,945,104 | 3545 | 4,898 | 4,607 | 9,958,154 | |||
| At 30April 2021 | 8,703,615 | 831 | 1,998 | 8,706,444 |
| 18. | CREDITORS: AMOU | NTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| F | |||||
| Bank loans and overdrafts | (see note 20) | 10,000 | 7,500 | ||
| Other loans (see note | 20) | 800,000 | 650,000 | ||
| Trade creditors | 174,546 | 212,237 | |||
| Amounts owed to group undertakings |
1 | 1 | |||
| Social security and other taxes | 4,034 | 1,400 | |||
| Other creditors | 1,297 | 859 | |||
| Accruals and deferred | income | 128,149 | 141,499 | ||
| 1,116,027 | 1,013,406 | ||||
| 19. | CREDITORS: AIIOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | |||
| 2022 | 2021 | ||||
| Bank loans (see note | 20) | 32,500 | 42,500 | ||
| 20. | LOANS | ||||
| An analysis ofthe maturity | ofloans is given below: | ||||
| 2022 | 2021 | ||||
| F | F | ||||
| Amounts falling due within |
one year on demand: | ||||
| Bank loans | 10,000 | 7,500 | |||
| Other loans | 800,000 | 650,000 | |||
| 810,000 | 657,500 | ||||
| Amounts falling between one and two years: |
|||||
| Bank loans - 1-2years | 32.500 | 40,000 | |||
| Amounts falling due in |
more than five years: | ||||
| Repayable by instalments: |
|||||
| Bank loan & 5years | 2,500 |
| MOVEMENT IN FUND |
S | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1/5/21 | in funds | funds | 30/4/22 | ||||||
| F | F | ||||||||
| Unrestricted funds |
|||||||||
| General fund |
(569,090) | 166,169 | (98,024) | (500,945) | |||||
| Fixed asset fund | 8712,144 | 1,251,710 | 9,963,854 | ||||||
| 8,143,054 | 166,169 | 1,153,686 | 9,462,909 | ||||||
| Restricted funds | |||||||||
| National Lottery Heritage |
Fund | 818,302 | (818,302) | ||||||
| Regeneration of Hay Castle |
108,240 | 150,000 | (258,240) | ||||||
| Education and Activity |
9,909 | (3,185) | 6,724 | ||||||
| Heritage Skills Training |
32,435 | (23,934) | 8,501 | ||||||
| Powys War Memorials | Project | 2,570 | (2,570) | ||||||
| Esmee Fairbaim Foundation |
32,745 | (32,745) | |||||||
| Rural Communities Development |
Fund | 1,000 | (1,000) | ||||||
| National Lottery Community |
Fund | 25,225 | 25,225 | ||||||
| Hay Castle Retail start-up | 2,434 | 2,434 | |||||||
| Community Foundation |
Wales - | Ashley | |||||||
| Family Foundation | 8,000 | 8,000 | |||||||
| Medieval Costumes community |
project | 1,180 | (1,180) | ||||||
| Development ofsteps linking |
Castle and | ||||||||
| town Clore Cultural Learning |
space | 4,465 15,000 |
(4,465) ~15,000) |
||||||
| 243,203 | 961,367 | ~1,153,686) | 50,884 | ||||||
| TOTAL FUNDS | 8,386,257 | 1,127,536 | 9,513,793 | ||||||
| Net movement in funds, |
induded | in the above are as follows: | |||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| E | |||||||||
| Unrestricted funds |
|||||||||
| General fund |
269,272 | (103,103) | 166,169 | ||||||
| Restricted funds | |||||||||
| National Lottery Heritage |
Fund | 863,859 | (45,557) | 818,302 | |||||
| Regeneration of Hay Castle |
150,000 | 150,000 | |||||||
| Education and Activity |
(3,185) | (3,185) | |||||||
| Powys War Memorials | Project | (2,570) | (2,570) | ||||||
| The LEADER Programme Medieval Costumes community |
project | 6,194 | (6,194) ~1.780) |
~1180) | |||||
| 1.020.053 | ~58.686) | 961,367 | |||||||
| TOTAL FUNDS | 1,289,325 | ~161,789) | 1,127,536 |
| MOVEMENT IN FUNDS - conti |
MOVEMENT IN FUNDS - conti |
nu | ed | ed | ||||
|---|---|---|---|---|---|---|---|---|
| Comparatives for movement |
in | funds | ||||||
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1/5/20 f |
in funds | funds | 30/4/21 F |
|||||
| Unrestricted funds |
||||||||
| General fund |
(164,870) | 111,644 | (515,864) | (569,090) | ||||
| Fixed asset fund | 6,843,872 | 1,868,272 | 8,712,144 | |||||
| 6,679,002 | 111,644 | 1,352,408 | 8,143,054 | |||||
| Restricted funds | ||||||||
| National Lottery Heritage Fund Regeneration of Hay Castle |
108,240 | 1,169,887 | (1,169,887) | 108,240 | ||||
| Country Houses Foundation | 40,000 | (40,000) | ||||||
| Education and Activity |
9,909 | 9,909 | ||||||
| Heritage Skills Training |
46,421 | (13,986) | 32,435 | |||||
| Powys War Memorials Project |
2,570 | 2,570 | ||||||
| The Clore Duffield Foundation |
15,000 | 15,000 | ||||||
| Esmee Fairbaim Foundation |
33,949 | 49,279 | (50,483) | 32,745 | ||||
| Rural Communities Development |
Fund | 1,000 | 1,000 | |||||
| The LEADER Programme | 16,706 | (16,706) | ||||||
| National Lottery Community |
Fund | 44,740 | (19,515) | 25,225 | ||||
| Oakdale Trust | 230 | (230) | ||||||
| Hay Castle Retail start-up | 11,000 | (8,566) | 2,434 | |||||
| Community Foundation Wales - Ashley |
||||||||
| Family Foundation | 8,000 | 8,000 | ||||||
| Gallery fund | 22,500 | (22,500) | ||||||
| Medieval Costumes community |
project | 1,180 | 1,180 | |||||
| Development ofsteps linking |
Castle | and | ||||||
| town Restoration ofthe Dutch Gables |
10,000 5,000 |
(5,535) ~5,000) |
4,465 | |||||
| 261,319 | 1,334,292 | ~1352,408) | 243,203 | |||||
| TOTAL FUNDS | 6,940,321 | 1 445.936 | 8,386,257 | |||||
| Comparative net movement |
in funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||||
| resources | expended | in funds | ||||||
| Unrestricted funds |
||||||||
| General fund |
163,399 | (51,755) | 111,644 | |||||
| Restricted funds- | ||||||||
| National Lottery Heritage Fund |
1,205,623 | (35,736) | 1,169,887 | |||||
| The Clore Duffield Foundation | 15,000 | 15,000 | ||||||
| Esmee Fairbaim Foundation The LEADER Programme |
53,334 16,706 |
(4,055) | 49,279 16,706 |
|||||
| National Lottery Community |
Fund | 44,740 | 44,740 | |||||
| Gallery fund | 22,500 | 22,500 | ||||||
| Medieval Costumes community |
project | 1,500 | (320) | 1,180 | ||||
| Development ofsteps linking |
Castle | and | ||||||
| town | 10,000 | 10,000 | ||||||
| Restoration ofthe Dutch Gables | 5,000 | 5,000 | ||||||
| 1,374,403 | ~40,111 | 1,334,292 | ||||||
| TOTAL FUNDS | 1 537.802 | ~91,866) | 1,445,936 |