Financial Statements for the Year Ended 31st December 2024
for
The Armoury Conservation Trust
The Armoury Conservation Trust
Index
1 General information
-
2 Report of the Trustees
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3 Accountants report
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4 Statement of Financial Activities
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5 Balance Sheet
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6 and7 Notes
The Armoury Conservation Trust
General information
Year Ended 31st December 2024
Charity number 1158102
Trustees
Ms SM Hargreaves Chair MrJ Coath Honorary trustee Mr R Harvey-Robson _ Treasurer Mr P Jones Professor C Burek
Address
The Old Lock-up Victoria Square Llangollen Denbighshire LL20 8ET
Independent |E Morris exmainer Adanhurst Abbey Road Llangollen LL20 8SS
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The Armoury Conservation Trust
Report of the Trustees
Year Ended 31st December 2024
The Trustees present their report with the financial statements for the charity for the year ended 31st December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice Charities SORP (FRS102).
Principal Activity
The principal activity of the charity during the year under review was that of preserving and renovating the Old Lock-Up to conserve the history fro public benefit and to commence to raise further funds so that the building can be adapted for use by local community groups.
Public Benefit
The Trustees have considered section 4 of the Charities Act 2006 and have had due regard to the public benefit guidance published by the Commission. It is considered that the education provided regarding the history of the building and it's uses already providing a public benefit. This will increase when the building is fully restored and available for use by local community groups.
Trustees
The trustees during the year under review were:
Mrs S M Hargreaves
MrJ Coath Mr R Harvey-Robson Mr P Jones ProfessorC Burek
On behalf of the Trustees
Mrs S M Hargreaves
Dated 20th October 2024
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The Armoury Conservation Trust
Independent examiner's report on the accounts
Year Ended 31st December 2024
| report to the trustees on my examination of the accounts of the above charity (the Trust) for the year ended 31st December 2024.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
| report in repsect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, | have followed all of the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
| have completed my examination. | confiem that no material matters have come to my attention in connection with the examination which give me cause to believe that in, any material respect
the accounts were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerningthe form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view which is not a matter considered part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention shouod be drawn in this report in order to enable a proper understandingofthe accounts to be reached.
1E Morris OO
Adanhurst
Abbey Road Llangollen Denbighshire LL20 8SS
Dated: 20th October 2024
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The Armoury Conservation Trust
Statement of Financial Activities
Year Ended 31st December 2024
including Income and Expenditure Account
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|---|---|---|---|---|---|---|
|Restricted|Unrest-|Total|Total|
|Funds|ricted|Funds|Funds|
|Note|Funds|2024|2023|
|Income and|Expenditure|£|£|£|£|
|Incoming|resources|
|Donations and|grants|12,000|3,000|15,000|25,000|
|Rental income|12,823|12,823|7,440|
|Interest|received|3|3|1|
|Total income|resources|12,000|15,826|27,826|32,441|
|Resources|expended|
|Direct charitable expenditure|2|3053|4,594|7,647|39,449|
|Fundraising and|publicity|3|20|20|23|
|Management and Administration|4|13,126|13,126|13,065|
|Total resouces expended|3,053|17,740|20,793|52,537|
|Net incoming resources|for the year|8,947|-1,914|7,033|-20,096|
|Net movement|in funds|8,947|-1,914|7,033|-20,096|
|Balances|at|1st Janaury 2024|13,000|43,415|36,319|56,415|
|Balances carried forward|at 31st December 2024|21,947|41,501|43,352|36,319|
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The notes on pages 6 and 7 form part of these accounts
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The Armoury Conservation Trust
Balance Sheet
As at 31st December 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| Note | £ | £ | ||
| Fixed assets | ||||
| Tangible fixed assets | 7 | 173,605 | 173,605 | |
| Current assets | ||||
| Stock | ||||
| Cash at bankand in hand | 27,008 | 19,937 | ||
| Debtors and prepayments | 6 | 157 | 195 | |
| 27,165 | 20,132 | |||
| Liabilities: amounts falling due within one year | 5 | 0 | 0 | |
| Net currentassets | 27,165 | 20,132 | ||
| Total assets lesscurrent liabilities | 200,770 | 193,737 | ||
| Liabilities: amounts falling due after more than one year | 0 | 0 | ||
| Netassets | 200,770 | 193,737 | ||
| Funds | ||||
| Restricted | 21,947 | 13,000 | ||
| Unrestricted | 178,823 | 180,737 | ||
| 200,770 | 193,737 |
The trustees have not required the charity to obtain an audit of it's fnancial statements for the year ended 31st December 2024
Approved bythe trustees on, OAs, 267255". and signed on their behalf by a DS cE se Trustee
Mrs S M Hargreaves
The notes on pages 6 and 7 form part of these accounts.
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The Armoury Conservation Trust
Notes to the Accounts
Year Ended 31st December 2024
1 Accounting policies These accounts have been prepared under the historical cost convention and in accordance with the Charities SORP (FRS102)
| 2 | Direct Charitable expenditure | Restricted | Unrestrict- | Total |
|---|---|---|---|---|
| Funds | ed funds | 2023 | ||
| Property renovation | 0 | 0 | 24,509 | |
| Building repairs | 0 | 1,627 | 9,961 | |
| Display materials | 3053 | 0 | 3053 | |
| Building overheads | 0 | 2,445 | 4,985 | |
| 3,053 | 4,072 | 42,508 | ||
| 3 | Fundraisingand publicity | |||
| Promotion | 20 | 23 | ||
| Pubications | 0 | 0 | ||
| 0 | 20 | 0 | ||
| 4 | Management and administration | |||
| Salaries and office costs | 13,092 | 12,960 | ||
| Legaland professional fees | 0 | 0 | ||
| Costs oftrustees meetings | 0 | 0 | ||
| Sundries and registration fees | 35 | 105 | ||
| 0 | 13,127 | 13,065 | ||
| 5 | Liabilities:Amounts fallingduewithin oneyear | |||
| Accruals | 0 | 0 | ||
| Creditors | 0 | 0 | ||
| 0 | 0 | 0 | ||
| 6 | Debtors and prepayments | |||
| Monies due | 0 | 0 | ||
| Prepayments | 157 | 195 | ||
| 157 | 195 |
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The Armoury Conservation Trust
Notes to the Accounts
Year Ended 31st December 2024
7 Tangible fixed assets
| 7 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Freehold | Equipment | Computer | Total | ||
| Property | Equipment | ||||
| £ | £ | £ | £ | ||
| Cost | |||||
| As at 1stJanuary2024 | 173,132 | 473 | 173,605 | ||
| Additions | |||||
| Disposals | |||||
| As at31stDecember2024 | 173,132 | 473 | 173,605 | ||
| Accumulated depreciation | |||||
| As at 1stJanuary2024 | |||||
| Chargeforyear | |||||
| Eliminated on disposal | |||||
| As at31st December2024 | |||||
| Net bookvalues | |||||
| As at31stDecember2024 | 173,132 | 473 | 173,605 | ||
| As at 1stJanuary2024 | 173,132 | 473 | 173,605 | ||
| 8 | Analysis of net assets between funds | ||||
| Tangible | Net | Total | |||
| Fixed | Current | ||||
| Assets | Assets | ||||
| £ | £ | £ | |||
| Restrictedfunds | 21,947 | 21,947 | |||
| Unrestricted funds | 173,605 | 5,218 | 178,823 | ||
| 173,605 | 27,165 | 200,770 |
9 Going concern
The trustees have committed to support the charity for the forseeable future in order to ensure that funding is secured. These accounts have therefore been prepared on a going concern basis.
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