REGISTERED CHAIUTY IYUMBEIL. 1167244
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
TYWI GATEWAY TRUST
Xeinadin Audit Limited
Statytory Auditor8 and Charte￿d knrountant
24 Lammas Street
SA313AL

TYWI GATEWAY TRUST
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Report of the Trllsteej
Report of the Independent Audltori
7 to 10
Statement of Flnanclal A¢dvltlei
11
BAlan¢e SI￿et
12
Note4 to the FI1￿¢1￿1 Statements
13 to 23

TYWI GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The tru8tees pre8ent their re￿rt with the financial statements of the charity for the year ended 31 March 2025. The
t￿￿teeS have adopted the provi8ion8 of Accounting and Ryrting by Charitie￿. Statement of R￿0￿￿nelld¢d Practice
applicable lo ¢1￿1tieS prepari￿ their accounts in accordance vrith thc Fin￿1￿ R¢porting Standard applicable An the
UK and R4)ublic of Ireland (FRS 102) (efftctive l January 2019).
OBJECTIVES AND ACTIVTTIES
Objectlves and alm•
The Tywi Gateway Trust 18 au indep¢tht Clwitable Incorporated Organisation (Registered Ch￿lty Numb¢r 1167244)
and waj ¢3labli8hgd in May 2016 to promote for the benefit of the public at the Bi8hop'8 Park and its cultural Setting in
Abergwiji the coll8ervatio￿ protectio￿ improvement and understanding of the built Bnd naturnl envirrnents.
This report cover6 th¢ 12 month perAod endiD8 31 March 2025. Throughout the Pttlod and in proparation of thi6 report
the truBtee8 have paid due ￿gard to public benefit guidance published by the Cltsritieg COMn￿s1on in compliance with
thetr duty in Section 17 of the Chariti¢8 Act 2011.
Page I

Ty￿ GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EM)ED 31 MARCH 2025
AClttEVEMENTS AND PERFORLItANCE
Charltable actfvltie8
The principal activities of the Tn￿t h&ve been the man* and maintenance of Parc yr Esgob ( Bi8hop's Park) and
the development pbase of the walled garden restorntion project a8 SUPPOrted by the Nation￿ ￿ttery Heritsge Fund.
l L£gal i88ues
None
2 Tru8tee8
2.1 There wa8 I change to rnernbe￿p of the Board during the reportin8 year, with the relig￿tion of Joseph A&in in
July 2024.
2.2 Board M￿ting8 were held in ApriL July. August and November 2024 and January 2025. with detailed minutes
T￿orded in the minu1¢ book Additionally. meetitigs of th¢ Board's four SU￿BroupS (Ri8K MaTk¢tin8, Governance and
Funding & Finance) were held durAng the reportti)g year.
2.3 The following TN8tee8 Served a8 officers iti 2024-25: Betsan Caldwell (Chair), Neil Caldwell (Treasurer) and Ann
Dorjett {Secretsry).
3 Staff
3.1 Tina MuTphy cotitinu￿ a8 Tn￿t Mwer with executive rt8ponsibility for th¢ park and 8arden8, worlang 4 days a
week and wisted by Sarah Dobgon a8 plt Administrator.
3.2. Blue Barn¢8.Thoma8 continued a8 Frr Head Gardener.
3.3. knise Austin continued in her role a8 W￿ed garden pn)iect ll￿￿￿er oveTreeing th¢ NLHF fimded development
pha8e of projsxt and 8ubmi68ion of the full delivery plthae application in November 2024.
3.4 Tore8o Walter8 Anne May continued to job.sh￿r the rok of Con)nll￿ty Engagement Officer for the walled
garden projecL a68i8ting Loui8e WAth the NLHF delivery phase bid.
3.5 Yvonne L# continued as trainer on the horticultttral Employability programme fiuthd through the Shared
ProsperAty Fund via Carnwtbfflthirc County Council.
3.6 During the period January.March 2025. thcre was a temporary reduclion in the walled gard¢n t£am's number of
worlans day& This was due to the ending of NLHF developnient pha0¢ fimding and prior to the outsome of the delivery
phase bid being aDllounced.
3.7. Ill addition to stsff, vohmteers An many difftrent roles have conrtinued to play a ¢n￿la1 ￿1¢ in th¢ work of the Tywi
Gateway T￿￿t. These ]￿lUde gardening, reception, history Meatch. historical costumes and oth¢r8, Gontributing
valuabk time to the nMnwent and maintejjawe of the park and supportiDg activities and events. Staff worked with a
total of 91 individual volunteers ￿ contributed 1955 hours of voluDteer time as part of the walled garden project
development pb&ge in 24125.
4 Voluntee
4.1 Following the award of the pr¢8tsgious Kings Award for Voiuttteering Services (KAVS) in autumn 2023. Sarah
Edwards vi8ited the park on 13 August 2024 in her role &8 Inrd Lieutenant to present th award at a celebratory lunch
for volunt￿[￿.
Page 2

TYWI GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
4.2 In additio￿ the park r￿e1Ve4 one of the 350 native saplmg8 from the Tree of Trees sculptsre erected outside
Bwkingham Palace to celebrate the Queen'8 Platinum Jubilee. The LA)rd Lieutenant returned to Parc yr E8gob on 28
November to attend the tree planting ceremony in th¢ Qompany of volunteer8 and tsu8tee8.
5 The Tywi GatewayProj¢ct
5.1 Due to 8¢veral Capital challeD8e& progress continued slowly towards Gonv¢rting tho lod￿ inlo fy holiday cottagc.
When eventually open for letting8, thi8 WAll be a 8i8nifiGant part of the tn￿￿& Incon￿ 8eneratioll drive.
5.2. The Pa￿ was aWa￿d VAQAS (Visitor Attraction Quality A88urance Scheme) certifration by Cr0¢80 CfvwVi8it
Wales in March 2025,
5.3 Star￿8 KitcheDJCegin Stacey Continued to develop a8 a succe88fid café and de8titiation op￿Ill8 7 day8 a week from
9-5 daily. The busine88 operates on a le&9ed basis with the trust and fflnploy8 218taff.
6 Partnership, Comiectsw and Funding
6.1. The Joint Workng Group with carn1￿th￿ County Council (CCC) and Muse￿ met t￿ce in May and July
2024.
6.2 The Shared Pm8perity Fund . Sustainable Communities match fimdiD8 project to support the trust in WOTknng
toward8 th¢ walled garden delivery 8tag¢ bid ended iti De¢￿ber 2024.
6.3 Th¢ fill￿ing from the Shared Pr08PaYty Fund for the I￿1¢￿tUr￿ trainin8 prngramme eAMled in D￿e￿l￿r 2024.
6.4 The funding application to NLHF for the delivery pha8e of the wall¢d gwden proiect, together with the bid to The
Pilgrim Tru8t for one of the contiibution8 to n]at¢h fundin8. were both appn)ved in March 2025.
FL¥Ai¥CIAL REVIEW
Flnanclal posldon
At 31 March 2025 th¢ ¢harity had totsl reeerve8 of £1,460,287 of which £1,386,816 were re8tri¢t¢d includin8
£1,312,883 of re81TIct￿ fixed a88et8. The charity had free Therrfe8 of £36.591.
PrAndpal fundlDg ioure
The NLHF awarded the Gharity an initial grant of £1,274,3Crf) in order to cary oul the Charitys objectives. The TrLlSt
8 also awarded £3(Kl.(M)O by the Local Authority. Thege grants were recognised in the year ended 31 March 2019. In
the year ended 31 March 2025 the cbarlty wa8 awarded £114279 from NLIIF- Developrnent phase, £95.921 from Ihe
S])ared Prowity Con)munities Fun¢ £47,093 from the Shared Pr08perity EnJployAbility Fund and £19.982 from
Award8 for A
Page 3

Ty￿ GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTUR￿ GOVERNANCE AIYD MAIYAGKMENT
Governillg doeument
The charity is controlled by its governing d(￿un￿llE a con8tithlio￿ Alld con8tituts8 an incory)mt&l cl)arity which is
limited by guarantee.
Membcrsbip of thc Trust
All member8 of the T￿￿t. the TruBtees. voluntarily contnbute tILeir unpaid tinic and cxperti8e to the charitsbl¢ objects of
the Trn8t. The extent of thi8 wntribution is not refiected in the Tn￿￿8 fi￿anCi￿ statell￿1￿ but the TDJSt 18 heavily
dependent upon the 80rrfices and expertise provided by its member8 8erviti8 as ttU8tee8. a8 well a8 volunteers engaged in
gardening 8nd other activiti¢8,
Re¢tuitmcnt and Appointment of TTU8te¢s
All trustees are DMDb￿¥ of the board. App]ication8 for trustee8knp are sought by advertisement and per80nal rontact.
One tbird of Tn￿ retire by rotstion a¢ every onnual gener￿ ￿￿tIng a8 required by the con8titution and 8ervc
for a maximum of three 3.year tem.
Key Management Remuneratlon
Key maTh1geAllent CO￿918t6 of the Charity8 manager T1￿ Murphy. Her 8a]ary ba8 been agreed by the truste¢¥ and sel at
rate deemed appropiiatc for the role. Thi8 is reviewed awiually in Au8USt in linc v4ith CPIH inllation figures i&4ued by
the Office of Nati¢)nal Statistics.
Conlllet of IntereBt
Th¢ Tn￿¢ bas a Tn￿1¢¢& Confiict of Int¢re8t policy. All trustee8 ¢ompl¢te an annual re8iSter of intere8t and &¢lare any
Ghan8es at the be8inDill8 of each board m¢eting.
Related Parties
There were no relatrd partie8 iti the period of th18 report.
R18k Management
The Trustee8 have a88e88ed the m&jor ri8k8 to wbich the TN8t is cuffently ¢xpo8ed. in particular those relating to it8
fiDaa¢eB and its opwations (I￿lUding Healtll & Safety) and they arc satisfied that 8yStems are in place to n￿ltor. reduce
and ffjitigat¢ tbe T￿￿￿8 exposure to Such ri8k8. They are also satisfied that a robu8t pmcedure 18 in place for identsfying
and evaluating tbe ri8k8 &88ociated with the development of the site, with the Ri8k Register updated as required by th¢
TN8¢8 Rigk Management sub-wp wtiich 18 chaired by one of the Trustee8.
Health and $8fety
The T￿st has a Health and Safety Policy and 8upporting dO¢u￿tatiO￿ It is the Tru8tee8' duty to declare any 8eriou8
incidents that may pose a threat to the TTr￿c,8 beneficiario 8erYi¢e8, assets or reputation. The TTUStCe8 declare that no
8uch incidents were reported during this reporting period.
REFEREIYCE AYL D ADm￿IsTRAT1VE DETAILS
Regtstered Charlty lluniber
1167244
PrlndpAI addresj
The Old Bishop'8 Palace
AbergMIi
SA3121G
Page 4

TYWI GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Truitees
Mr P Adcr
Mr G Bevan
Mr8 B Caldwell
Dr N Caldwell
Mrs A Dor8ctt
Mr E Kitshen
MTS A Loughran
Mr H Michael
Cllr S Hugh
Mr N Robwts
Mr W James
MrPapLI
appointed July 2025
appointed July 2025
appointed November 2025
appointed November 202J
Key 8taff
T Murphy
MaDa8er (re8igned November 2025)
Alldltori
Xeinadin Audit Llmitsd
Statutory Auditor8 and Chartered Ac¢ounknt8
24 Lamma8 Street
SA313AL
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The tN8tee8 are Te8pon811)le for preparing the Report of the TruJtee8 and the fmanclal statements in accordance with
app]icable law and United Kingdom Accounlin8 Standard8 (United Kingdom Genfflally Accepted Accounting Practice).
Charity law requiTh the tru8t¢eJ to prep￿e financial Statements for eacb financial year. Under that law, the trustse9 have
elected to prepare the financial Statements in accordanrx with United Kingdom Generally Accepted Accounting Practice
(Unitd Kingdom Accounting Standards and appli¢abIe law).
Under charity law the trustee8 mU8t not appro￿ the financial Statements unle86 they are 8ati8fied that they give a tTr￿ and
fair view of the State of affairs of the charity and of the incon]ing and application of re80urces, including the
incom¢ and ¢xp¢nditUTV. of tho thaTity for that period. In preparing those financial 8tat¢nwnts, th¢ tru8teey are required
8elect suitsble accounting poli¢ie8 and then apply th¢m con8i8tentlyJ
ob8erve the znethods and principles in the Charities SORP.
make judgement8 and estill￿te8 that are reasonable and pruden("
pryarc th¢ fiDanci81 stst¢m¢nts on the going concern b￿15 unless it 18 inappropriate to preju￿ that the dwity will
ntinue in busine88.
The ln￿tee8 are responsible for keeping proper accounting re¢ord8 which di8o108e with reasonable accuracy at any tin
the financial position of thc cknity and to enabk them to eJ￿ure that the financial 8tatemth Comply the CIwAties
Act 2011 The Charity (AG¢i)wtt8 and Reports) Regulations 2008. They are a180 Te8ponsible ftjr safeguarding the
a8sets of the ¢l]arity and bence for tsking rwonabk sty for the prevention and detection of fraud and other
imgularities.
Page 5

Ty￿ GATEWAY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the boa￿ of trustees oll ,...i.l...-.A.i.,.QoU>... and signal on its behajf by.
MT8 B Caldwell- Tntstee
Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
TYWI GATEWAY TRUST
Opinion
We have audi*d tlle fill￿la1 statenMIts of Tywi Gateway Trust (the 'cJ)arity) for the year ended 31 March 2025 whicb
comprise the Ststement of Financial Actsvities, the Balance Sheet and notes to the fiDancial statements. includmg a
8unm]ary of Significant accounting policies. The financial reporting framework that has been applied in their prqyaration
18 applicabk law and UJJited Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
PraGtiGe).
In our opinion the financial 8tatements."
givc a truc and fair vicw of thc Btate of the chatity8 affair8 as at 31 March 2025 and of its in¢omin8 resource8 and
application of resources. for the year then ende4.
have betn properly prepared in accordance with United Kingdom Generally Accepted Accountin8 Practice; and
have been prepared in accordance with the requirements of the Charities Act 2011.
Bas18 for oplnlon
We conducted our audit in accordance with Interi)ational Standard8 on Auditing (UK) (tSKg IUK)) and applicable law.
Our respOn￿￿1]itie8 under tI￿Se standarth are fiwther de8GribeAI in the Auditors, respon8ibilitie8 for the audit of the
fUw￿l&l 8taternej￿ Bection of ow report. We are independent of tILe charity in accordance WAth tbe ethical requirements
that are relevant to our audit of the fjnancial statement8 in the UK, including the FRC'8 Ethical staThdA￿ and we have
fulfilled ow other ethiml respon￿7)I11tie8 in accordance with the8e r¢quirenith. We believe that the audit evidence we
have obtained is sufficient and appropriate to provide a ba818 for our opinioTL
conclu￿onI relathig to golng ¢on¢ern
In auditing the financial stateDwits, ￿ have conGluded that the trus*e8' Use of the going Goncern basi8 of accountjng in
the preparation of the financial 8tstements 18 appropriate.
B&8ed on the work we have perfonlled, we have not identified Any matsrial uncertainties relating to events or oondition8
thal individually or collectively> may ca8t 81gnificant doubt on the clwAty8 ability to Contin￿ a8 a going concern for a
period of at least twelve month8 from when the financial 8tstements are authorieed for i88ue.
Our re8ponBibilitie8 and the respo￿]bIlitie￿ of the trustee8 with r¢8P¢¢t to 8oin8 concern are de8cribed in the relevant
sections of tbis report.
Other Informadon
The tru8tees are respon811>le for the other iDformatioL The other inforn￿tiOll Compri8￿ the infornv4tion included in the
Annual Report, other tban the fjnancial 8tstements and our Re￿rt of the Independent Auditors thereon.
Our opinion on the financial 8tstements doe8 not rover the other infornjation and. except to the extent otherwlse
explicitly 8tated in our repo¢ we do not expre88 any forni of 868urance conclusion
In conn￿tiOn with ow audit of the financial Btstementy our respon8thility is to read the other inforn)ation and. in doing
80, consider whether the other infornMtion 18 m&tsially inconsistent with the fllwKial 8tatements or our knowledge
obtsined in the audit or OtE￿Wise appears to be materially mijststsd If we identify 8uch nyatsrial inconsistencies or
apparent n)at¢rial mi88tatementy we are required tr) deterni1￿ whether thi8 gives rise to a nMterAal misstaternent in the
financial 8tatemmts th¢llwlv¢g. If, ba8&1 on the work we have perfonrt we conclude that there 18 a material
mi88tstement of this other lnfonnati0￿ we required to report that facL We have nothing to report in tbis regard.
Matters OD whlch we are requlred to report by excepdon
We have nothing to report in respcct of the following matters wherc the CharAties (Accounts ￿ Re￿} Regulations
2008 requitts u8 to report to you if, in our opinion:
the informAtion given in the Report of the Trusteej, is inwn8ist¢nt ill ally material ffspect with the fu￿1&1
statements; or
sufficient accounting records have not been kept. or
. financi￿ statements are not in agreematt with the accounting records and r¢twn4' or
we have not reccivcd all tbc information and cxplanations we require for our audit.
Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
TYWI GATEWAY TRUST
Re8poDJibilitiu of trustee8
As explained fi￿lY in the Staten￿th of Tn]stees' R￿ponsibIlItieS, thc Irustee8 are responsjble for the preparation of
th¢ financial statements wbiclL ￿ve a true 8lld fair view, and for intrynal c()ntrol as the tnwtees deterniine is
nece8Wy to enable the preparation of fmancial statements that are free from m&t¢rial misststement. ￿ether due to fraud
In preparAng th¢ financial statements. the trnstee8 are res￿￿51ble for assessing the charitys ability to continue a8 a going
oncern. disclosing, &8 appJicabl4 matters related to going co￿ern and using the going concern b￿lS of accounting
unl¢88 the trustee8 eithw ititend to liquidatc the charity or to ce48e opera¢ion8, or have no realiBtic altcrnative but to do
so.
Page 8

REPORT OF THE INDEPEI¥DENT AUDITORS TO THE TRUSTEES OF
Ty￿ GATEWAY TRUST
Our re8ponglbllitle8 for the Audit of the financlal statements
We have been appoint&l &8 auditors under Section 144 of the Charities Act 2011 and report in ￿cordanCe with the Act
Our ob]￿tiVeS are to obtsin reasonable a88urance about whether the financtal statements a8 a vthole are fre¢ from
matsriai misstaten￿L whether due to fraud or em)r. and to ig8ue a Report of the Independent Auditors that includes our
opinion. Re48onable assurance 18 a lllgb level of assurance. but is not a gu8rantee that an audit conductsd in a￿Ord￿e
with ISA8 (UK) will alway8 detect a material mi88tatement when it exists. Mi88tatements ¢an ari8e from fraud or error
8nd are considered Material 1£ indivAdually or in the aggregate. tlw coum reasonably be expected ¢0 intlu￿¢ the
economiG decision8 of u8er8 taken on the ba8is of the8e financlal 8tatem¢nts.
The extellt to which our procedurc8 are capable of dets¢ting irre8ularAties, including fraud 18 detailed below.
Extent to T¥hleh the 8ll4llt WA• ¢on•ldered capable of deteetlng Irre8ularitieitr Includlng frAud
We identify and assesg the ri8k8 of material mi88ts1ernent of the fJnanGial 8tstement& whether due to fraud or error, and
then design and p6rf0rn7 audit procedure8 respon8ive to tbo8e ri8k8, including obtalning audit evidence that 18 sufficient
aad appropriate to provide a ba818 for our opinio
Idendfylng and a￿5￿8 potsntlal rl•kJ related to IrreglllarAtle8
identifying and a86e88iDg ri8k8 of Materi￿ misstatenient in ryct of irr¢8u]arAtieB, includiD8 fraud and
non.complian¢e with laws and regulations, we ¢onsldored the following:
. the naimwe of tbe indv8ty and sector. control environment and bu8ine88 perfornwnc¢ inGludin8 the de8ign of the
Charity5 rellwneration policie8 and pe￿orn￿llec targets:
- re¥ults of our eDquirie8 of Managen￿lt about their own identtfication and &88essment of the ri8k3 of irregthitie8;
. any matters we identified haviDg obtained and reviewed the Charity8 doCun￿tion of their policies and proGedure8
rejatillg to..
- Identify￿ evaluating and complyin8 WAth Iftw8 alld re8u]ation8 and whether they were aware of any in8tance8 of
non¢oDwliance;
. detecting and responding to the ri8k8 of fraud and whetber they have knowledge of Any a¢tt]aL 8U8pected or alleged
- the inten￿1 control8 eBtsblithed to mitigate risks of fraud or non<0mplian￿ with laws and regulatio￿.
. the matter8 di8CU88ed among the audit engagement team r¢gardiD8 how and thre fraud * occur in the fmancial
statcments and any Potenti￿ indicators of fraud.
AB & result of these procedure8, we con8id¢red the opportunities and incentive8 that Iiiay exi8t wltbin the or88nisation for
fitud and identified the ￿teSt potential for fraud in relation to revenue recognitioTh In common with all audits und
ISA8 (UK). we are also r¢quired to perforni 4)eGifiG prwdures to respond to the risk of ll￿￿8￿Ment override.
We al80 obtained an uader8ta* of the legal azLd regulatory frameworf(s that tho Chwity operate8 ify focusin8 on
provi8ion8 of th08e law8 and regulations tbat Iwd a direct effect on the deteri￿on of material I￿￿Unts and disc108ures
in the financial 8tatements. The key laws and regulatioll8 we considered in thi8 context included the Chw7tie8 Act 2011.
In addition, we con8idered provision8 of other law8 and regulations that do not have a direct efftct on the finanoial
8tatements but Compliance with which may be fundanMtsI to the Clwity8 ability to operate or to avoid a material
penalty. These included compliance with Health and Safety legi8latio4 Employment ie8i81atson and Data protection
laws (in¢luding General Data Protection Regulation (GDPR)).
Audlt respon￿ to rlsks Idenlified
As a re4ult of performi￿ the above, we idcntified revenue reCo￿lt10n 88 a key audit matter relat￿ tt) the poten¢ial risk
of fraud.
Our procedures to respond to risk8 identified included the following:
. revieThillg th¢ financial statement di8closures 8nd tt8ting to 8upporting do¢un￿tion to a88ess Complian￿ with
provisions of relevant laws and regulations d￿rllbed a8 having a direct effeth on the financial ststenwnts.
. Carrying out waJkthrougb. transaction testing or proof in total on all material income and expendith strean
. enquiting of managernent concerning acts￿1 and potenti￿ iiti8ation and claims;
Pagc 9

REPORT OF THE INDEPENDENT AIJDITORS TO THE TRUSTEES OF
TYWI GATEWAY TRUST
. perfomiitig ana￿l¢al procedu￿8 to identify any Unu￿ Oru￿ relationship8 that may indicate risks of ma*rial
misstatement due tr) fraud.
. reading minutes of rnectings of those Gbar8ed with governallce and the 8enior management te
. In addre88in8 the nsk of fraud througb maaagement ovfflride of controls. t&8lin8 the appropriatenes8 of jOWDal cntrics
and other adjv8towts: a88e88ing whether the judgements made in maknn8 accouriw estin)ate8 are indicative of a
potsntial bia8. and the business rationale of any significant tran8actions that are Ullusu￿ or outside the normal
course of b￿81A¢S8.
We algo conu￿¢￿teA relevant identified lawj. regulation8, and pot¢ntial fraud ri8k8 to all engagement team men
and rernai￿ alert to any indication8 of fraud or Don￿Mpliance WAth law8 and regulations throughout the audit.
A description of our re8pOn￿bIlItie8 foT the audit of the fu)ancial statements 18 located on the Financial Reportin8
Council's website at www.frc.org.uklauditorsr¢8ponsibilities. This description forn￿ part of our Report of the
U8e of our report
This report 18 made 801eJy ts the clwitrfg th￿tee8, as a body, iti a¢¢0[da￿e with Part 4 of the CharAties (Accounts and
Report8) Regulations 2008. Our audit work h88 been undertaken 80 that w¢ might 8tate to the charitys trnstee8 th08e
matteTh we are required to 8tste tr> them in an auditor8, report and for no other purpo3e. To the fi￿eBt extent perniittcd by
law, we do not ￿Gept or a88ume responsibility to anyone other than the charity and the Gharity8 trustees a8 a body, for
ow audit work for thi8 report. or for the Opinio￿ we have fornwLL
knJ. 4J,l a,kl
Xeinadin Audit Limited
Stattitory Auditor8 ￿ Char*red Accountants
24 LaDll￿ Street
SA313AL
Page 10

TYWI GATEWAY TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
Total
31.324
Totsl
Unrt8tricted Re8trACted
Notes
INCOME AND ENDOWMENTS FROM
Donations and Icgaci
16.946
277,275
294,221
197,949
Other trading artivitie8
35,170
35,170
27,121
Total
52,116
277275
329391
225.070
EXPENDITURE ON
Rai8ing funds
2,688
2,688
3,360
Cblrltsble aetlvld
Project expenditure
135,907
209,316
345,223
318,250
Total
138,595
209,316
347,911
321,610
NET llYCOMFJ(EXPENDITURE)
TranJfen between fulld8
(86,479)
48,498
67,959
(48,498)
(18J20)
(96,540)
13
Net moveDient In fundi
(37,981)
19,401
(18J20)
(96,540)
RECONCILIATION OF FUNDS
Totsl funds brought forward
148,165
1,330,642
1,478,807
1,575,347
TOTAL FUNDS CARRIED FORWARD
110,184
1.350,103
1,460,287
1,478.807
The notes form part of these fllmncial stat¢m¢nt8
Pagell

TYWI GATEWAY TRUST
BALANCE SHEET
31 MARCH 2025
31.3.25
Total
31.3.24
Totsl
Unrestricted Restricled
Notes
FIXED ASSETS
Tangible a88ets
io
36,880
1.312.883
1,349.763
1.279,032
CURRENT A&SETS
DebtOT8
Cdi at bank and in band
11
12.614
66.759
12.614
110,074
104,614
126.383
43.315
79.373
43,315
122,688
230.997
CREDrroRS
AmowLts falling du¢ witbin one year
12
(6,069)
(6,095)
{12,164)
(31222)
NET CURRENT ASSETS
73.304
37,220
110.524
199,775
TOTAL ASSETS LESS CURRENT
LIABILITIES
110,184
1,350,103
1,460,287
1,478,807
NET ASSETS
110.184
1,350,103
1,460.287
1,478,807
FUNDS
Unrestricted fund8
Restricted fund8
13
110,184
1,350,103
148,165
1,330,642
TOTAL FUNDS
1.460.287
1,478,807
Th¢ finwKial 8tstem¢nts were approved by the Board of Thth¢8 and authorised for x88ue on
and were on its behalf by.
Mr8 B c￿dWell . Tru8tee
The notes form part of tI￿se fmancial 8¢a¢em¢nts
Page 12

Ty￿ GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
STATUTORY INFORMATKOIY
Tywi Gateway Ttust 18 a Charitable Inwrporated Organisation. The principal addre98 cun be found in the Report
of the Tntstre8.
The financial statements are presented in sterling (£). the charAtys fuJKtioDal currency, alld rounded to the nea￿St
The priticipal activiiMe8 and nalure of the charitys operations 18 to promote for the benefit of the public Parc yr
E88oblBi8hop'8 Park and its cultural setting in Abewwli the Conser￿ protection, in)prov¢ment and
undffl3tanding of the build a]￿ naturnl environments.
The 8ignifA¢qnt accounting policie8 8m)Iled In the prepArntion of the8e fmaucial 8tstements are Aet out below.
The8e policies have been applied consistently to all year8 unle&9 otherwA8e stated.
ACCOUIYTING POLICIES
BASIS OF PREPARllYG THE FllYANCIAL STATEMENTS
The fmancial 8tatements of the charlty, wbich 16 a publi¢ benefit entity under FRS 102. have been prwed in
a￿ordanCe with the Charitie8 SORP (FRS 102) 'Accountmg and Reporti￿ by Clwitie8: Statement of
Recomn￿￿Cd Practice applicable to ch￿ltieS preparAn8 their accounts in accordance with the Financial
Repoiting Standard applicable in the UK Republic of Ireland (FRS 102) (effective l January 2019),,
Financial Reporting Standard 102 Tr Flnancial Reporting Standard applicable in tkn UK and Republic of
Ireland, and the Charitie8 Act 2011. The financial statements have been prepared under the biBtoricai cost
convention.
There ale no nMterial ￿￿ertaintse• about the charitys ability to continue, a8 8ucb the finall¢ial 8tatements have
been prepared on the going ¢on¢¢m ba818.
COME
All income 18 rKosDi8ed in the Statenient of Flnanclal Activities once the charity ha8 entidement to the fillMI8. It
18 probable that the iticotiTr be received md the amount ean be nrA8ured reliably.
Liabilities are recognised as ex￿dIt￿re a8 Boon a8 there is a legal or constructive obligation committing the
cl)aTity to that expenditt]re. it i8 probable that a trhnsfer of economic benefits ￿11 be requlled in 8ettlwnent and
the amount of the obligation can be n￿o8￿red reliably. Expenditure 18 accounted for on an accnjals ba818 and ha8
b¢ell ¢lJ36ified unts hcadin88 that ag￿Eats all c08t related to the categL)ry. w1￿C c08ts c8nnot be directly
attributrd to particular headiDg8 they have been allocated to activities on a ba818 ¢on818tent with the use of
TANGIBLE FIXED ASSETS
Deprcciatioll is providcd at the followiDg allnual ratcs in order to write off each a58et over it8 e￿iMated u8eful
Long leasehold
Plant and machinery
Straight line ba8is over the lease terni
33.330/0 on cost and 150/0 on reducing balance
TAXATIO
The charity is exempt from tsx on its charltable activities.
FtiThD ACCOUNTL¥G
UnK8tricted fimd8 can be us¢d in a￿)rdance with the charAtabk objectives at the discretAon of the tsv8tses.
Page 13

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS- eollthiued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES . eODthiued
FUND ACCOUNTING
Restricted funds can only be used for particul￿ restsicted pU￿￿&¢j Witbin the objects of th¢ Gh￿llty. RestrAction8
arAse ￿ 8pecifieAI by the donor or when fiuLd8 are taigcd for particular re8tsiGted purpo8e8.
Further exp]Aoation of the A￿t￿re and purp08e of each fund is inGhMled in the JK)te8 to the financial stateD)ents.
HtRE PURCHASE AND LEASING COMMtTMENTS
Rents18 paid under operating lea8cs are cbarEed to the StatenKnt of Financial Activitie8 on a 8trai8ht line ba818
over the period of the lease.
PENSION COSTS AND OTHKR P0ST.RETIREm￿ BEi¥EFITS
The Ghatity operate8 a defined contribution pension scheme. Contribution8 payable to the charl￿& pension
8GhenK are Charg￿ to the Statement of Financial A¢tivitie8 ill the period to which they relate.
FllYANCIAL INSTRUMENTS
Th¢ ¢harAty only ba8 fuwwial a88ets and financial liabilitie8 of a kind that qualify a8 basic fmancial instrun￿nts.
B&9ic fin￿1￿1 in8trument8 are initially recogni8ed at transaction value alld sub6equently mcasured at (heir
6¢trIen￿rt value.
DONATIONS AND LEGACIES
31.3.25
31.3.24
Donation8
16,947
277,274
9,292
188,657
29422 I
197.949
Grants receivrf included in the abovc, are a8 followB'.
31.3.25
31.3.24
People's P08tcode Lottery
Sharcd Prosperity Fund. Employability Fund
WCVA
National Lottery Heritage Fund - Development Pbase
Shsred Prosperity Commwties Fund
Stq)s to Su8taiDability
Other grants
25,000
22.183
774
89,530
39,980
11,190
47.094
114,277
95.921
19982
277.274
188,657
Page 14
con¢inu¢d...

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - conthiued
FOR THE YEAR ENDED 31 MARCH 2025
OTHER TRADINGACThVITILS
31.3.25
31.3.24
Fundraisin8 events
Venue hire
Cafe hi
Vegetable 8ak8
117
1,973
27.058
6.022
889
2,152
20269
3J53
458
35,170
27,121
SUPPORT COSTS
Governance
¢osts
Management
TotalB
Project expenditure
52,028
5J55
57,383
AUDITORS, REMUNERATIOIY
31.3.25
31.3.24
Fees payable to the chaTAty8 auditor8 for the audit of tlLe cbarity$ fill￿￿la1
ststements
Other non-audit 8etvi¢e8
5,355
4.750
3,500
TRUSTEESI REMIJNERATION AND BENEFITS
There were tru8tee6' remurntion or Oth￿ b￿￿fitS for the year ended 31 March 2025 nor for the year end¢d
31 Mar¢h 2024.
TRUSTEES, EXPENSES
There were no In￿tee8, expen8eB paid for the year en￿1 31 March 2025 nor for the year ended 31 March 2024.
STAFF COSTS
31.3.25
31.3.24
Wages and sa]arie8
Social secwity costs
Other pen8ion costs
142.295
6,500
6.293
132.738
5.796
5.337
155,088
143,871
Page 15

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEARENDED 31 MARCH 2025
STAFF COSTS- ¢onthiued
The average nKJnthfy number of ellyloyee8 during the year wa8 ai follows:
31.3.25
31.3.24
MaDager
Project Staff
No employee8 received emoluments in ex¢e8s of £60,000.
The totsl reinim￿Oll benefits p￿d to key njanarnt p¢r80nn¢l during the year were £34,177 (2024:
£35,572)
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unre8tri¢tsd
Re8tri¢ted
Toial
llYCOME AND ENDOWMENTS FROM
Dollatio￿ and k8acie8
35,065
162,884
197,949
Other tradiD8 ￿tiVItieS
27,121
27,121
Totsl
62,186
162,884
225,070
EXPENDITURE ON
R￿]ng fundB
3,360
3J60
Charltable actlvltl
Project expeDditur¢
80235
238,015
318250
Total
83.595
238,015
321,610
IYET ThICOMEI(EXPENDITURE)
TranJfeTh between fundi
{21,409)
27,248
(75,131)
(27,248)
(96,540)
Net movenwit th fun
5.839
(102.379)
(96,540)
RECONCILIATIOiY OF FiJNDS
142324
1,433,023
1,575347
TOTAL FUNDS CARRIED FORWARD
148.163
1?30.644
1,478,807
Page 16

Ty￿ GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
io.
TANGIBLE FIXED ASSETS
L4)ng
Plant and
kasehold machinery
Tota]s
COST
At l Apnl 2024
Additions
1,422.578
123,161
45249
1.467,827
123.161
At 31 March 2025
1.545.739
45249
I J90,988
DEPRECIATION
At l April 2024
Charg¢ for ycar
154,977
51,526
33.818
904
188,795
52,430
At 31 March 2025
206,503
34,722
241225
NET BOOK VALUE
At 31 Marcb 2025
1,339,236
10,527
1,349,763
At 31 March 2024
1.267.601
11,431
1,279,032
11.
DEBTORS: AMOUNTS FALLING DUE WtTHllY ONE YEAR
31.3.25
31.3.24
Trade debtor8
Grant debtor
VAT
9,917
5,914
87,886
9,613
1,201
2.299
398
12.614
104.614
12.
CREDrroRS: AMOUNTS FALLING DUE ￿THIN ONE YEAR
31.3.25
31.3.24
TThde creditor8
1998
2,972
1.157
27.093
10,166
12,164
31,222
Page 17

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
Net
between
At
31.3.25
At 1.4.24
Unre8trleted fun
148,165
(86,479)
48.498
110,184
Rejtrlctsd fund•
NatioJ)al Lottery Heritage Fund
Natiojjal Lottery Heritage Capital
36,713
(36,713)
736,724
(30,823)
705,901
307.641
82,570
(11,672)
(3.103)
295,969
79,467
ENRaW Capital fund
Rural Development Prograrnll￿ Fund
Capital fimd
HSBC UK Fund
SPF Employability Fund
Steps To Su8tainabilty
National Lottery Herltage Fund.
Dev¢lopment Pha8¢
Shared Prosperity Con)tnunitie8 Fund
Shared PrnBperity Community Fund .
Capital
NatiODd Lottery development Pha8e .
Capital expenditure
Awards for All
100.696
9,510
2,465
3,912
(3,828)
(7,521)
(1,019)
(2,288)
96,868
1,989
(1.446)
15,388
17,012
7,844
28,114
41,856
72,802
(49,700)
(100.916)
1,212
(3,276)
97,002
94,938
13,241
(1,387)
18,218
27.887
39.741
18.218
I J30,642
67,959
(48.498)
1,350,103
TOTAL FUNDS
1.478.807
(18,520)
1,460,287
Page 18

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMEI¥T n¥ FUNDS . conthiued
Net movement in funds, Inclu￿ in the above are as follows:
Incon]in8 Rwurce8 m0ven￿llt
Unrestrlcted fund•
General fimd
52,116
(138,595)
(86,479)
Restrlcted fun
National Lottw Heritage Fund Capital
(30.823)
(30.823)
Carmartknshire County CounGiI C8pitsI
fimd
ENRaW Capital fimd
Rural Developnwit Pro8ramme Fund
Capital fund
HSBC UK Fund
SPF Employability Fund
Steps To Sustainabilty
National ￿ery Heritsge Fund.
I)evelopment Phase
Shared Pr06p¢rity Con]murritie8 Fund
Shared Pr08perity Commurrity Fund.
Capital
NatiOll￿ Lottery dev¢lopm¢nt PhaK .
CapAtal expenditwe
Award8 for All
(11.672)
(3,103)
(11,672)
(3.103)
(3,828)
(7,52 l)
(48,112)
(2,288)
(3,828)
(7J21)
(1.019)
{2288)
47.093
114279
95921
(72,423)
(23,119)
41,856
72.802
(3.276)
(3,276)
(1,387)
(1.764)
(1.387)
18218
19,982
277,275
(209,316)
67,959
TOTAL FUNDS
329.391
{347,911)
(18,520)
Page 19
continued...

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
MOVEMENT lly FUNDS. ¢ontlnued
Comparatlve8 for movement In funds
Net
Transfer8
At
31,3.24
At 1.4.23
in funds
fimds
UJwe8ttdcted fuJM
142.324
(21,407)
27.248
148,165
Restrleted fwidl
National ￿HOrI￿8¢ Fund
National Lottery H¢ritage Fwld Capital
110,405
(70.384)
(3,308)
36.713
764.211
21,742
(30,795)
3.308
(21.742)
736,724
Carmarthen8bire County Council Capital
308.289
86227
(12,487)
(3,103)
11.839
(554)
307,641
82.570
ENRaW Capital fimd
Rural Dev¢lopment Prograrnme Fund
Capital fiwd
NLHF . 15 Minute Heritage Fund
Third Se¢tor Re8ilienrA Fund
HSBC UK Fund
SPF Employabijity Fund
Sty To Su8tainabilty
National Lottery Heritage Fund.
Developnmt Pha8e
Slw¢d Prosperity Comnwwtie8 Fund
Sbared Progperity ComtnuDityFund-
Capital
N41ional Lottery development Pba8e .
Capital expenditure
107,245
1,003
5,911
27,990
(6,549)
I￿,696
(1.003)
(5,911)
(11,229)
2,465
10,721
(7251)
9,510
2,465
3,912
(6.809)
22,435
30262
(14,591)
(2,148)
7,844
28,114
{72)
1284
1212
(486)
13.727
13241
1,433,023
(75.133)
(27.248)
1,330,642
TOTAL FUNDS
1,575.347
(96,540)
1.478,807
Page 20

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - eontinued
FOR THE YEAR EI¥DED 31 MARCH 2025
13. MOVEMENT IN FUNDS . contlnlled
Comparntive net movement in fjJnd6, included in the above are a8 follow8:
resources
Unregtrlcted fun
General fund
62.186
(83,593)
(21,407)
Re8trActed fund•
N&tionBI Lottery Heritsge Fund
Nation￿ LL)ttery Heritage Fund Capital
(70.384)
(70,384)
(30,795)
(30,795)
(12,487)
(3.103)
(12,487)
(3,103)
ETr]RaW Capital fund
Rural Developtt￿lt Programnke Fund
C&pitsl fund
Third Sector Re8iIieJ￿C Fund
HSBC UK Fulld
SPF Employability Fund
Steps To Su8tsinabilty
National L4)ttery Heritase Fund.
Development Ph&ge
Shared Pro¥perity Communitie8 Fund
Shared Prosperity Conunwty Fund.
Capital
National ￿ development Phase.
Capital expenditure
(6,549)
{5,911)
(11,229)
(19,718)
(469)
(6,549)
(5,911)
(11,229)
2,465
10,721
22,183
11,190
89,531
39,980
(67,096)
(9,718)
22,435
30262
(72)
(72)
(486)
(486)
162,884
(238,017)
(75,133)
TOTAL FUNDS
225.070
(321.610)
(96,540)
National Lottery Heritsge F￿d . 'fhe National Lottery Heritsgc Fund haa awarded thiB grant for the the project
including consetvjtion works, acce68 improvements, new capAtal works.
Na¢loJ￿1 IA)ttery Heritsge Fund capital fund . This fund coll8ists of assets purchased u8ing National Lottery
Heritage Fund 8rant income, on which re4trAction8 slill exxst.
County Council grant into￿, on vthich re8triction8 Still exi8L
ENRaW Capitsl fulld- Thi8 fimd ¢onsi8ts of a88ets purchased using Ef4RaW w incon￿, on which restrActions
still exist.
Rural Development Fund Capital fund . This fimd consists of assets purc1￿ed using RDCF grant incorn. on
which Trstrictions still exisL
HSBC UK Fund. Funding received towards access In￿rOVeMents including path resUrf￿tng and the purchase of
an all-terrain mobility 8¢00ter.
Page 21

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
13. MOVEMENT IIY FUNDS . conthiued
Sha￿1 Prosperity Employability fiu￿ . the fimd8 were received to on￿loY an additional skilled and qualificd
horticulttwal train¢r/gardener. ￿ wwk with the TnLqV8 ￿illg Officer. from O¢lob¢r 2023 to December 2024,
to 8UPPOrt horticultural voluntecring opportunitics forpeople with a rhnge of abilities and 8kill8.
Stq>8 to Sustainability 18 fundin8 awarded to help 8UPPOrt the organi8ation to reduce caTbon emissions and adapt
to ¢lillwt¢ ¢haD8e by developing skill4 changing behaviour and promoiing wider Sustai￿ble d¢v¢lopment.
4LHF . D0velopn￿llt Phase . This 18 to 8UPPOrt the development and re8torntion of the Walled Garden to bring
the garden to a Safe 8pace for visitors to use.
Shar¢d ProsperAty Commut)itie8 Fund . This is to SuP￿rt the development and tt8toration of the Walled Garden
to bring the garden to a Safe 8pace which will increa8e phy3iral ond intellecthal a¢ce&8ibility to the walled sarden
brin8in8 new vi8itorn to Bi8hop's PaTk
Award8 for All. This 18 fiwding to 8UPPOrt the Natures Nurture ProjecL
TRANSFERS BETWEEN FUNDS
A transfer of £15 J88 wa8 made fmm the general fimd to the Step8 to Su8tsinability fimd in re8pect of additional
¢08ts relaw to this projert,
A traD8fer of £21,813 was made from the NLHF Development Phase fimd to the General fimd in respect of
addition￿ ¢08ts a880¢iat¢d with thi8 project.
A transfer of £97.002 wa8 rnade from the Shared Pr08perity contin￿tt¢S Fund to the General fimd in respect of
fixed a88ets purclwed where rcstrA¢tions still exist.
A transfer of £27.887 was made from th National LAJtt¢ry Heritage Fund -Development Pha8e to the NLHF
Development Pha8e Capital fi￿d in respeGt of fixed assets purekned on vA]ich re8tri¢tion8 81ill exist.
A tran8fer of £1,446 was made from the SPF Employability to the geml fimd in respect of expenditur¢
a&80CiAted with this project.
A transfer of £3,914 wa8 made from the Shared Pr08perity Commuthes Fund to the general fund in r&8PCGt of
exprnditure a680¢iated WAth tbis project..
A tran8f¢r of £36,713 wa8 made from the National Lottery Herithge Fund to the general fuJMI in respect of
oxpendith a88ociated with this proj¢Gt..
Page 22
continued...

TYWI GATEWAY TRUST
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2025
14.
EMPLOYEE BENEFIT OBLIGATIONS
The charAty pays into a defined contribution pension scheme tor its employe¢8. The p¢n8ion cost charge
repr￿ts contributions paid by the cl)arity to the fimd and an￿ullted to £6.292 (2024: £5J36). At the year end
31 March 2025 £Nil (2024: £1.157) of pension contributions remained outstanth8.
15.
RELATED PARTY DISCLOSURES
Th¢r¢ were no relatsd party tran8Action8 for the year ended 31 March 2025.
16.
ULTIMATE CONTROLLING PARTY
tinwte ¢oJitrol is exaGi8ed by th¢ Board of Trust¢¢8.
17. LIABILITY OF MEMBERS
Each memberfs liability 18 limited to £5 on winding up of the Trust.
Page 23