##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||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|
##
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##