REGISTERED CHARITY NUNIBER: 1157181 LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE CONTENTS YEAR ENDED 31 MARCH 2024 PAge Report of the trnstees Legal and adthinistrntive details Independent exginiDer3' report to th¢ trustees Receipts and payments account Statement of assets alld liabilities Iyotes to the recelpts And payments
LLANWRTYD & DISTRICT HERITAGL AND ARTS CEIYTRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 Llanwrtyd & District Hetilage and Arts Centre exists to record and promole Ihe history, culture and heritage of this area of mid-wales. It is housed in a sensitively Tenovated Congrcgational Chapel near the c¢ntre of Llanwrtyd. Ojj'ectives and Actfivities l) Th¢ preservation, improvement and maintenancc for the public b¢nefit of the fornler ConggatiOnal chapel and gelynos grav¢yaTd An Ilanwrtyd well8 a landmark building and veyard of hiStl¢al. religious. cultural and social signifjcance, as a heritage and arts centr¢ in a way that celebrates the w¢lsh culture. 2) Th¢ advancement of education for the public b¢DefJt but not Cxclusivcly by th¢ provision and management of a heritage and arts centr¢ that will facilitat¢ learning irj the hi8tOry* geogrdphy. ¢ultur¢, arts, and environment of life in Ilanwtyd wells and surnunding areas. When planning our activities. the trustees are mindful of the Charity Commission's guidance on public benefit. Achievements and Perforniance During the ppJiod of this report, the Centr¢ continued to attract significant attendanre numbers from both the Iocal community as well as the many tourists SItIllg Llanwrtyd. In addition to the long-tenn InteretiVe displays in the main hall on the history> haitage and cultt]r¢ of Llanwrtyd and its suffounding areas, our CUTated rolling programme of ¢xhibit20ns in the glery arca as well as the musical events and ta]ks, provide impetus for many repcat visits. Income r¢mains on broadly in line with expectations, with arts sales and m¢rchandistng in the Centre's retail aro and the sale of cakes and r¢freshments through stalls al the town's many events. Tlie Centr¢ also b¢nefJts frorn the rental in¢ome from the fornier chap¢l house prop¢rty, which provides considerable long-tcm financial slabilily. As a result of an energy audit in December 2023 provided by the Powys Associalion for Voluntary OrgaDisations, we have since be£n able to secure substantial external ndIng for a renewable healing system using solar panels, batteries and air source heat pump technology. In late 2023 unexpected costs were incurred through the r¢quir¢ment to replace the fjre alann system. This T¢sulted in a reduction in reserves held. Thc trustees ar¢ satisfi¢d that this position will berecovered over the coming months given the cuent and ¢xpecta Ie]S of income and expenditure. Reserves The tnistees regularly r¢vicw th¢ir reserves policy to ensure the continuity of services, Th¢ trustees discussed the level of frec Tescrves T¢qUiTed and d¢cided to sd this, Ivith effect of the May 2024 , at a target l¢vel of £10,000 which is the equivalent of half of a noTmal yearfs trdding. In 2020 the tsleeS wrxe notified that the charity would ben¢fit from a legacy of £50,000 from the cstatc of the late Mr Trevor Sutton of Twickenham. The tnistees understsjjd that Mr Sutton's parents were from Llanwrtyd and that he was a r¢gulaT Visitor who took a interest in the Heritage Cenlre. This figure rst appeared in th¢ accounts Wjth effecl of the rq)orting pcriod to 31 ma]1 2023.
LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE REPORT OF TIIE TRUSTEES YEAR ENDED 31 MARCH 2024 While no specific requireinents or covenants were placed on this gift, the trustees decided that it would bc most appropriate for the b4uest to be treated as a designated reserve io be known as 'The TT¢vor Sutton Endowmerjt., The trustees will aim to use any growthlinterest income from the principal sum in the support of projects that meet the charlty's objectives but that otherwise lie outside ihe 5¢0pe of its day-to-day operations. In this wayy the Endowmenl will make a long-tern) and continuing ntribUtIon to the arts and heritage within the community. The Fre¢ Reserv at 31 March 2024 was £3,942 which reflected significant urgent rna1Dtenan costs in late 2023 in the forni of the installation of a new fire alann system. The Trevor Sutton EndowmeJkt (designated reserve) was £52244. Strncture overnhnce and mana ement The method of appointnjent of Llanwrtyd & Dislrict Heritage and Arts Centre tn]5tees is set out in the Constitution of Charitable Incorporated Organisation. The Board of Trnslees must be madeup of a least five trustees. If th¢ numb¢r falls below this minimum, the rern8ining trnstee or tnjstees rnay act only to call a meeting of the charity inistees or appoinls a new trustee. The maximum numb¢r of charity trustee is lett. The ohlty trustees may llot appoint any charity trust¢e if as a a result the numbff of charity tNst¢es would exceed the maximum. Th¢ chariiy trustees shall manage the affairs of the CIO and may for that pury)se ¢xer¢ise all th¢ powers of the CIO Statement of trustees, res onsibilities The trustees are r¢sponsible for preparing the Trustees, Annual Report and the financial ststements in aordanCe with applicable law and United Kingdom Accounting Standards (Unit&fj Kingdom Generally Accepted Accounting Practice). Th¢ law applicable to charities in England & Wales requires the trnstees to prepare financial statem¢nts for each financial y¢ar whlch giv¢ a truc and fair view of the state of affairs of the charity and of the Incoming resources and application of r¢souTces of the charity for that period. In preparing thes¢ fjnancial statements, th¢ trnstees are requiTed to: select suitable accounting poli¢ieJ and then apply ihm consistently. observe the m¢thods and piinciples in the Charities SOR (FRS 102); make judgements and estimates that are reasonable and prndent. state whether applicable accounting standards have be¢n followed, subject to any material departures disclosed and explained ID the financial stat¢ments' prepare the financial statements on the going concern basis unless it is inappTopriate to presumc that ihe ¢harity will Continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the fllwncial position of the eharity and ¢nabl¢ them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Rorts) Regulations 2008 and the Provisions of the trnst d¢¢d. They are also responsibl¢ for safeguarding the assets of the charity and hence for taking reasonabl¢ steps for the prevention and dete¢tion of fraud and other irregulariti¢s. pared and approved by thc trustees and signed on their behalf by This rcport Anthony Snll Date
LLANWRTYD & DISTR]CT HERITAGE AND ARTS CENTRE LEGAL AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 2024 Trustees Roger Davics Susan Price Catherine Ketteringham Georgie Pcrrett Patricia Ann Jones Anthony Smith Sarah Ellan Jon¢s Lynn Ball (appointcd 18 October 2023) Tom Eiflon Lloyd (appoint¢d 10 Octob¢r 2023) Registcred office Ffos Road Llanwrtyd Wells Powys LD5 4RG Independent examiner: J M Roderick Bsc ACA WJ James & Co Bishop House 10 Wh&* Street BTecon LD3 7DG Bankers Barclays Bank Crown Buildings I l Broad strt Buiiih Wells Powy8 Solicitors H V VallghaD & Co Manchester House 50 Higb Str¢¢t Builth Wells Powys LD2 3AD
LLANWRTYD & DISTIUCT HERITAGE AND ARTS CEIYTRE iNDEPENDE]YT EXAMJNERS, REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 report to die charity trnstees on my examinalion of ihc accounts of the charity for the year ended 31 March 2024 which are set out on pages 5 to 7. Responsibillties and basis of report As the charity's trustees you ar¢ responsible for the PTepaydtioD of the accounts in accordance with th¢ requirem¢nts of the Charities Act 2011 ('the Act.). I rcport in respect of examination of the chaTity'S accounts carried out under section 145 of the Act and in carrying out my eL1n]]li0n I have follow all the applicable Dircctions given by the Charity Commission under sc¢tion 145(5)(b) of the Act. Independent ex8miDer's statement I have compl¢t¢d my examination. I confjnn that no matcrial matt¢rs have com¢ to my att¢ntion in ¢onnectioD with thc examination giving me cause to belIe that in atty matcrial respect: ac¢ounting rccords wcr¢ not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those Tecords I hav¢ no concerns and have come across no other matters in conneciion with the exaD]inatioft to which attention 5bould be dravni in this report in order to enable a proper understanding of thc accounts to be reached. QTMWr J M Roderick Bsc ACA WJ James & Co. Chart¢red Accountant Bisbop Housc l O Wheat Street Brecon Powys LD3 7DG Dat¢
LLANWRTYD & DISTRICT HERITAGE & ART CENTRE RECEIPTS AND PAYME]YTS ACCCOUNTS YEAR ENDED 31 MARCH 2024 Year ended 31.03.2024 Total Year ended 31.03.2023 Total Unrestricted Restricted Funds Funds Notes RECEIPTS Donations Legacy Gift Aid Fundraising income Rent Sales and commissions Other income Investment income 3,099 3,099 3,471 50,097 441 3,415 5,301 6,819 3,745 1,423 5,395 5,400 8,097 4,307 2,244 1,423 5,395 5,400 8,097 4,307 2,244 29,965 29,965 73,289 PAYMEIYTS Wages Training Artists payments Heritage trail Relail purchases ]nsurance Printing, postage and stationery Advertising and marketing General Expenses Telephone and IT costs Light & Heat Rq)airs and niaintenance Accountancy Professional fees Cleaning Exhibition Displays Fundraising costs 6,240 20 6,820 6,240 20 6,820 6,240 5,613 1,908 2,263 1,534 368 580 515 735 1,681 9,258 240 2,776 1,608 335 422 346 716 3,279 9,113 252 232 301 133 1,860 2,776 1,608 335 422 346 716 3,279 9,113 252 232 301 133 1,860 24 40 318 34,453 34,453 31,317 Net of receipts/(payments) (4,488) (4,488) 41,972 Cash funds as at 31 March 2023 60,674 496 61,170 19,198 Cash funds as at 31 Mareh 2024 56,186 496 56,682 61,170
LLANWRTYD & DISTRICT HERITAGE & ART CENTRE STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2024 Unrestricted Restricted Funds Fullds Year ended 31.03.2024 Year ended 31.03.2023 INVESTMENTS CCLA Good Investment 52,244 52,244 CASH FUNDS Cash at bank Petty Cash 3,936 496 4,432 61,164 Total Cash Fund 56,186 496 56,682 61,170 Assets retained for tbe charity's own use Property Furniture, Equipment & Displays 374,911 96,528 374,911 96,528 LIABILITIES Independent examiners fce 200 200 Signcd by tru on behalf of the board of trnstees thony Smith - Chair Date
LLANWRTYD & DISTRICT HEIUTAGE & ART CENTRE IYOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I. TRUSTEES No Trnstces receievd any remmuneration (2023: £Nil) or remibursment of expenses (2023: £Nil) during the year ended 31 March 2024. Z. UNRESTRICTED RESERVES Within uTrrestricted reserves £52,244 has been designated as 'Thc Trevor Sutton Endowmcnt,. While no specific requirements or covcnants were placed on this gift, the trustees decided that it would be most appropriate for this bequest to be treated as a designated reserve. The trnstees will aim to use the incomce / growth from this to support projects that meet the charily's objectives but that oiherwise lie outside the scope of its day-to-date operations. Unrestricted reserves arc split as follows: . Unrestricted Designated reserves reserves Total 3,942 52,244 56,186
Minutes of the Llanwrtyd and District Heritage & Arts Centre Annual General Meeting held on Wednesday 27th of November 2024 at 6.00pm
Present: Anthony Smith (Chair), Susan Price, Pat Jones, Lynne Brookes, Catherine Ketteringham (Treasurer), Eifion Lloyd (Minutes Secretary), Georgie Perrett, Sarah Jones, Lynn Ball, Peri Emirali, Lil Dempsey, Kath McCann & Hywel Davies
1. Apologies of Absence.
Sarah Bar, Elin Mabbutt, Roger Davies, Thea Pyne, Rhodri Price, Iwan Price & Anwen Price
2. Minutes of the last AGM 2/11/22.
They were read confirmed and signed as a correct record and there were no matters arising.
3. Chairman’s Report.
Anthony summarised his report which is included in the AGM information pack. He commented it was another successful year and that the Llanwrtyd and District Heritage & Arts Centre (LDHAC) remains one of the most popular visitor attractions in the area, with a total of 2189 individual visits to date.
He concluded by thanking the LDHAC volunteers at the centre for all their hard work, without whom the successful operation of the Centre would not be possible.
4. Treasurers report.
Catherine Ketteringham gave a full and comprehensive report. She reported that the current account balance of £7,761.81. Current balance of the Trevor Sutton Endowment fund is £54,017.32 with interest of around £220 per month. Catherine was thanked from the chair for all her hard work.
Income from retail sales are excellent and there is potential for growth from this and Pat was thanked from the chair for her work coordinating retail sales.
5. Election and resignation of trustees.
In line with the constitution of LDHAC two trustees, Susan Price & Anthony Smith, resigned and stood for re-election. The election followed and they were re-elected unopposed, with Anthony continuing in the role of Chair of Trustees.
The current trustees are: Anthony Smith (Chair), Catherine Kettringham (Treaurer), Pat Jones, Sarah Jones, Susan Price, Georgie Perret, Roger Davies, Eifion Lloyd, Lynn Ball.
7. Any Other Business.
Responding to a question from the floor, the distinction between restricted and unrestricted funds was explained.
There was no further business and the meeting concluded at 6.25pm.
REGISTERED CHARITY NUNIBER: 1157181 LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024
LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE CONTENTS YEAR ENDED 31 MARCH 2024 PAge Report of the trnstees Legal and adthinistrntive details Independent exginiDer3' report to th¢ trustees Receipts and payments account Statement of assets alld liabilities Iyotes to the recelpts And payments
LLANWRTYD & DISTRICT HERITAGL AND ARTS CEIYTRE REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024 Llanwrtyd & District Hetilage and Arts Centre exists to record and promole Ihe history, culture and heritage of this area of mid-wales. It is housed in a sensitively Tenovated Congrcgational Chapel near the c¢ntre of Llanwrtyd. Ojj'ectives and Actfivities l) Th¢ preservation, improvement and maintenancc for the public b¢nefit of the fornler ConggatiOnal chapel and gelynos grav¢yaTd An Ilanwrtyd well8 a landmark building and veyard of hiStl¢al. religious. cultural and social signifjcance, as a heritage and arts centr¢ in a way that celebrates the w¢lsh culture. 2) Th¢ advancement of education for the public b¢DefJt but not Cxclusivcly by th¢ provision and management of a heritage and arts centr¢ that will facilitat¢ learning irj the hi8tOry* geogrdphy. ¢ultur¢, arts, and environment of life in Ilanwtyd wells and surnunding areas. When planning our activities. the trustees are mindful of the Charity Commission's guidance on public benefit. Achievements and Perforniance During the ppJiod of this report, the Centr¢ continued to attract significant attendanre numbers from both the Iocal community as well as the many tourists SItIllg Llanwrtyd. In addition to the long-tenn InteretiVe displays in the main hall on the history> haitage and cultt]r¢ of Llanwrtyd and its suffounding areas, our CUTated rolling programme of ¢xhibit20ns in the glery arca as well as the musical events and ta]ks, provide impetus for many repcat visits. Income r¢mains on broadly in line with expectations, with arts sales and m¢rchandistng in the Centre's retail aro and the sale of cakes and r¢freshments through stalls al the town's many events. Tlie Centr¢ also b¢nefJts frorn the rental in¢ome from the fornier chap¢l house prop¢rty, which provides considerable long-tcm financial slabilily. As a result of an energy audit in December 2023 provided by the Powys Associalion for Voluntary OrgaDisations, we have since be£n able to secure substantial external ndIng for a renewable healing system using solar panels, batteries and air source heat pump technology. In late 2023 unexpected costs were incurred through the r¢quir¢ment to replace the fjre alann system. This T¢sulted in a reduction in reserves held. Thc trustees ar¢ satisfi¢d that this position will berecovered over the coming months given the cuent and ¢xpecta Ie]S of income and expenditure. Reserves The tnistees regularly r¢vicw th¢ir reserves policy to ensure the continuity of services, Th¢ trustees discussed the level of frec Tescrves T¢qUiTed and d¢cided to sd this, Ivith effect of the May 2024 , at a target l¢vel of £10,000 which is the equivalent of half of a noTmal yearfs trdding. In 2020 the tsleeS wrxe notified that the charity would ben¢fit from a legacy of £50,000 from the cstatc of the late Mr Trevor Sutton of Twickenham. The tnistees understsjjd that Mr Sutton's parents were from Llanwrtyd and that he was a r¢gulaT Visitor who took a interest in the Heritage Cenlre. This figure rst appeared in th¢ accounts Wjth effecl of the rq)orting pcriod to 31 ma]1 2023.
LLANWRTYD & DISTRICT HERITAGE AND ARTS CENTRE REPORT OF TIIE TRUSTEES YEAR ENDED 31 MARCH 2024 While no specific requireinents or covenants were placed on this gift, the trustees decided that it would bc most appropriate for the b4uest to be treated as a designated reserve io be known as 'The TT¢vor Sutton Endowmerjt., The trustees will aim to use any growthlinterest income from the principal sum in the support of projects that meet the charlty's objectives but that otherwise lie outside ihe 5¢0pe of its day-to-day operations. In this wayy the Endowmenl will make a long-tern) and continuing ntribUtIon to the arts and heritage within the community. The Fre¢ Reserv at 31 March 2024 was £3,942 which reflected significant urgent rna1Dtenan costs in late 2023 in the forni of the installation of a new fire alann system. The Trevor Sutton EndowmeJkt (designated reserve) was £52244. Strncture overnhnce and mana ement The method of appointnjent of Llanwrtyd & Dislrict Heritage and Arts Centre tn]5tees is set out in the Constitution of Charitable Incorporated Organisation. The Board of Trnslees must be madeup of a least five trustees. If th¢ numb¢r falls below this minimum, the rern8ining trnstee or tnjstees rnay act only to call a meeting of the charity inistees or appoinls a new trustee. The maximum numb¢r of charity trustee is lett. The ohlty trustees may llot appoint any charity trust¢e if as a a result the numbff of charity tNst¢es would exceed the maximum. Th¢ chariiy trustees shall manage the affairs of the CIO and may for that pury)se ¢xer¢ise all th¢ powers of the CIO Statement of trustees, res onsibilities The trustees are r¢sponsible for preparing the Trustees, Annual Report and the financial ststements in aordanCe with applicable law and United Kingdom Accounting Standards (Unit&fj Kingdom Generally Accepted Accounting Practice). Th¢ law applicable to charities in England & Wales requires the trnstees to prepare financial statem¢nts for each financial y¢ar whlch giv¢ a truc and fair view of the state of affairs of the charity and of the Incoming resources and application of r¢souTces of the charity for that period. In preparing thes¢ fjnancial statements, th¢ trnstees are requiTed to: select suitable accounting poli¢ieJ and then apply ihm consistently. observe the m¢thods and piinciples in the Charities SOR (FRS 102); make judgements and estimates that are reasonable and prndent. state whether applicable accounting standards have be¢n followed, subject to any material departures disclosed and explained ID the financial stat¢ments' prepare the financial statements on the going concern basis unless it is inappTopriate to presumc that ihe ¢harity will Continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy al any time the fllwncial position of the eharity and ¢nabl¢ them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Rorts) Regulations 2008 and the Provisions of the trnst d¢¢d. They are also responsibl¢ for safeguarding the assets of the charity and hence for taking reasonabl¢ steps for the prevention and dete¢tion of fraud and other irregulariti¢s. pared and approved by thc trustees and signed on their behalf by This rcport Anthony Snll Date
LLANWRTYD & DISTR]CT HERITAGE AND ARTS CENTRE LEGAL AND ADMINISTRATIVE DETAILS YEAR ENDED 31 MARCH 2024 Trustees Roger Davics Susan Price Catherine Ketteringham Georgie Pcrrett Patricia Ann Jones Anthony Smith Sarah Ellan Jon¢s Lynn Ball (appointcd 18 October 2023) Tom Eiflon Lloyd (appoint¢d 10 Octob¢r 2023) Registcred office Ffos Road Llanwrtyd Wells Powys LD5 4RG Independent examiner: J M Roderick Bsc ACA WJ James & Co Bishop House 10 Wh&* Street BTecon LD3 7DG Bankers Barclays Bank Crown Buildings I l Broad strt Buiiih Wells Powy8 Solicitors H V VallghaD & Co Manchester House 50 Higb Str¢¢t Builth Wells Powys LD2 3AD
LLANWRTYD & DISTIUCT HERITAGE AND ARTS CEIYTRE iNDEPENDE]YT EXAMJNERS, REPORT TO THE TRUSTEES YEAR ENDED 31 MARCH 2024 report to die charity trnstees on my examinalion of ihc accounts of the charity for the year ended 31 March 2024 which are set out on pages 5 to 7. Responsibillties and basis of report As the charity's trustees you ar¢ responsible for the PTepaydtioD of the accounts in accordance with th¢ requirem¢nts of the Charities Act 2011 ('the Act.). I rcport in respect of examination of the chaTity'S accounts carried out under section 145 of the Act and in carrying out my eL1n]]li0n I have follow all the applicable Dircctions given by the Charity Commission under sc¢tion 145(5)(b) of the Act. Independent ex8miDer's statement I have compl¢t¢d my examination. I confjnn that no matcrial matt¢rs have com¢ to my att¢ntion in ¢onnectioD with thc examination giving me cause to belIe that in atty matcrial respect: ac¢ounting rccords wcr¢ not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those Tecords I hav¢ no concerns and have come across no other matters in conneciion with the exaD]inatioft to which attention 5bould be dravni in this report in order to enable a proper understanding of thc accounts to be reached. QTMWr J M Roderick Bsc ACA WJ James & Co. Chart¢red Accountant Bisbop Housc l O Wheat Street Brecon Powys LD3 7DG Dat¢
LLANWRTYD & DISTRICT HERITAGE & ART CENTRE RECEIPTS AND PAYME]YTS ACCCOUNTS YEAR ENDED 31 MARCH 2024 Year ended 31.03.2024 Total Year ended 31.03.2023 Total Unrestricted Restricted Funds Funds Notes RECEIPTS Donations Legacy Gift Aid Fundraising income Rent Sales and commissions Other income Investment income 3,099 3,099 3,471 50,097 441 3,415 5,301 6,819 3,745 1,423 5,395 5,400 8,097 4,307 2,244 1,423 5,395 5,400 8,097 4,307 2,244 29,965 29,965 73,289 PAYMEIYTS Wages Training Artists payments Heritage trail Relail purchases ]nsurance Printing, postage and stationery Advertising and marketing General Expenses Telephone and IT costs Light & Heat Rq)airs and niaintenance Accountancy Professional fees Cleaning Exhibition Displays Fundraising costs 6,240 20 6,820 6,240 20 6,820 6,240 5,613 1,908 2,263 1,534 368 580 515 735 1,681 9,258 240 2,776 1,608 335 422 346 716 3,279 9,113 252 232 301 133 1,860 2,776 1,608 335 422 346 716 3,279 9,113 252 232 301 133 1,860 24 40 318 34,453 34,453 31,317 Net of receipts/(payments) (4,488) (4,488) 41,972 Cash funds as at 31 March 2023 60,674 496 61,170 19,198 Cash funds as at 31 Mareh 2024 56,186 496 56,682 61,170
LLANWRTYD & DISTRICT HERITAGE & ART CENTRE STATEMENT OF ASSETS AND LIABILITIES AT 31 MARCH 2024 Unrestricted Restricted Funds Fullds Year ended 31.03.2024 Year ended 31.03.2023 INVESTMENTS CCLA Good Investment 52,244 52,244 CASH FUNDS Cash at bank Petty Cash 3,936 496 4,432 61,164 Total Cash Fund 56,186 496 56,682 61,170 Assets retained for tbe charity's own use Property Furniture, Equipment & Displays 374,911 96,528 374,911 96,528 LIABILITIES Independent examiners fce 200 200 Signcd by tru on behalf of the board of trnstees thony Smith - Chair Date
LLANWRTYD & DISTRICT HEIUTAGE & ART CENTRE IYOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 I. TRUSTEES No Trnstces receievd any remmuneration (2023: £Nil) or remibursment of expenses (2023: £Nil) during the year ended 31 March 2024. Z. UNRESTRICTED RESERVES Within uTrrestricted reserves £52,244 has been designated as 'Thc Trevor Sutton Endowmcnt,. While no specific requirements or covcnants were placed on this gift, the trustees decided that it would be most appropriate for this bequest to be treated as a designated reserve. The trnstees will aim to use the incomce / growth from this to support projects that meet the charily's objectives but that oiherwise lie outside the scope of its day-to-date operations. Unrestricted reserves arc split as follows: . Unrestricted Designated reserves reserves Total 3,942 52,244 56,186