REGISTERED COMPANY NUMBER: 06292057 (England aDd Wales) REGISTERED CHARITY NUMBER: 1173731 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ANGLESEY COLUMN TRUST TWR )IARCIVIS ANTC,I.I,-%LI' COLUMN Williams Denton C Chartered Certified Accovntants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE
ANGLESEY COLUMN TRUST coNrENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Cash Flow Statement Notes to the Cash Flow Stthtement io Notes to the Financial Statements 11 10 19
ANGLESEY COLUMN TRUST (REGISTERED NUMBER: 06292057) REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2024 The trustees who are also directors of the charity for the purpos¢s of the Companies Act 2006, present their report with the financial staternents of the chaTity foT the year ¢nd¢d 31 March 2024. The trnstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of R¢commmd¢d Practice applicable to charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of treland {FRS 102) {eff¢ctiv¢ l January 2019). THE VISION Th¢ Vision is to re-establish rhe Column, Cottage and ¢nvirons as 'The Face of Anglesey, with a sustainable future as a lust visit, destination for the local community and visitors to Anglesey. MISSION STATEMEIYT In 2014 the Column was closed, due to the departure of the last tenants of the Colurnn CottAge who had krted as gatekeepers and supcrviscd visitor access to the Column. In 2016, a structural survcy commissioned by the Column revealed that the central internal staircase. which gives access to the top of the Column, was unsaf¢ and dangerous. The Current Mission of the Trnst is, therefore. to restore the Column and develop the whole site for public benefit consistent with the Trust Obj¢¢tiv¢s and Vision. It is proposed that thosc who cannot access the Column stairs should have access to the historic plaques at the ba of th¢ Column and to a viewing platforn) with spectacular vi¢ws across the Mcnai Strait and of Snowdonia. OBJECTIVES AND ACTivrriES Objectlves and aims The Objects of th¢ Trust as specified in the memorandu of Association are. but not limit¢d to: a) the advancement of the education of the public by making ac¢¢ssible to the public, and b) the pr¢s¢rvation, maintenance, upkeep and repair of the Napolconic War Memorial, known as the Marquess of Anglesey's Column, on the 151e of Anglesey. Public benefit The project development stage is an csscntial part of moving from concept to final design and securing monies that will facilitate completion of the project and the re-opening of tbe whole Column estste thereby delivering th¢ public b¢n¢fits outlined in the Mission. The Trustees confirm that they have T¢f¢rr¢d to the guidance contained in th¢ Charity Commission general gutdanc¢ on public benefits when r¢vi¢wing the charity's aims attd objectives and planning futur¢ activiti¢s. The Trust¢¢s commissioned a report from Headland Design Associates, who have long established working relatjOn5hips with conservation architects, business planners. tourism and other specialist practitioners. The Headland Report has become a touch5tODe document for th¢ Trust as li details proposals for activities, volunteering and training as wcll as a set of activity action plans that facilitate. amongst other things, community engagcrnenL formal learning opportunities and 51te visits to enhancc cducation about the history and heritage linked to the Marquess of Ang]esey's Column. The activity action plans ar¢ complemented by interpretation panels in the Visitor Centre and around the site that facilitatc a high quality educational experience for all visitors to thc Column Site. Volunteers The Trustc¢s and Directors of the charity are all volunteKrs. Th¢ ¢harity relies on the support of the TnTStees for the strategic direction of the charity and its objectivcs. Page I
ANGLESEY COLUMIY TRUST (REGISTERED NUMBER: 06292057) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charltable aclfivities During the 2023124 financial year the Trustee's focus was finnly on moving the restoration project from the development stage to the delivery and completion stage. Making that transition r¢quir¢d a great deal of planning, effort to assess the impact of the rising c05t of building materials and, importantly, ¢nsuring that grant nd]llg alld donations provided the required budget. A comprehensive set of requirements was produced for Grosv¢nor ConstructlOD Lid. who had b¢¢n selected by competitive tender to deliver the restoration programrne through a d¢sign and build contracl. After ssurance of tbe budget th¢ building Testoration programme commenced on the 12th December 2022. The restoration programm¢ progr¢ss¢d extremely well giving the Trustee's confidence that the Column and Visitor Centre works would be ¢ompl¢t¢ at the b¢ginning of October 2023. However, whilst the PToject compleled within budget, the conwletion ¢ertificat¢ was not signed until th¢ l Oth January 2024 due a small number of almost intractabl¢ problems that had to be over¢om¢. The R¢ctifi¢ation Period will end on the 10th January 2025. A Column Manager was appointed along with an Education Officer and a Community Engag¢m¢nt Officer. Volunteers were also recruited and a series of small low-key events at the Column Site were h¢ld to t¢st the effectiveness of the equipment, the IT systems and the business pn>cesses as well as familiarise the volunt¢¢rs with roles in th¢ Café and overseeing people climbing the 115 steps of the Column. The low key events lead to th¢ soft op¢ning of the Anglesey Column Sit¢ on the 1st March 2024 enabling visitors to have refreshments in the Visitor Centre Café. climb th¢ Column. l¢arn about the blue schist rock fortnations and walk through the attractive woodlands surroundAng the Column Sit¢. Th¢ Trust now employs seven members of staff and has a list of over 20 volunteers. FINANCIAL REVIEW Finaneial position During the year restricted funds decreased from £160.455 in March 2023 to £14,319 as at March 2024. The unrestricted reserves have increased from £22,892 to £46,625 in the sam¢ p¢riod.During th¢ y¢ar both restricted and unrestricted funds have been used towards the development phase of the column T¢Storation. Prlnelpal fundlng sourees Tbe principal fimditig source durinE this financial year has been by way of donations and grant funding. Continuation of funding In 2023124 the initial source of income was from NLHF Delivery Stage ant funding, mat¢h funding and private donation to complete the restoration programme. The opening of the Column Site on the I st March 2024 started incom¢ generation to maintsin and invest in the Column Site. The series of low-key events after completion of the restoration work5 in January 2024 generat a mod¢st income str¢am and gave encouragement for the fuNre. During 2023124 the NLHF agreed additional grant funding to continue th¢ d¢v¢lopm¢nt and overall attractiveness of the Column Site by improving the lower car parK installing 5KUTity f¢ncing> instslling a lightning conductor An the Column. generally improving the landscaping, developing a woodland manag¢m¢nt plan and installing a lead canopy at the top of the Colunm to prevent water ingress. This fLmding, and other approved NLHF funding> will Continue into 2024125. Investment policy and objeetives The Trustees intend to review and revis¢ inv¢slm¢nt policy and obj¢ctives in March 2025 when the picture of the f115t year of trading is complete. In the interim funds received and not r¢quir¢d for current expenditure will continue to be deposited in a current bank account. Reserve$ policy and golng concern The Twstees will meet policy objectives whereby the unrestricted ndS not committed or invested in fixed ass¢ts h¢ld by the charity should be between 3 and 6 months of expendittwe. It is acknowledged that after the opening on th¢ 1st March that the next 12 months, a year of transitlon from flnishing the restoration and runnitig a business to deliv¢r its ¢haritabl¢ objcctives, will continue as a potential strain on reserves. Therefore, the Trustees have instigated a review of its business model and business proc¢sscs. Due to the cutrent level of reserves, the TTUSte¢s ¢onsid¢r it appropriat¢ to pr¢pare the fmancial statements on a going concern basAS. Page 2
ANGLESEY COLUMN TRUST (REGISTERED NUMBER: 062921157) REPORT OF THE TRUSTEES FOR 'fHE YEAR ENDED 31 IWIARCH 2024 FUTURE PLANS The focus for 2024125 is to build on the lessons learned in 2023124 to create a workable and sustainabl¢ Busin¢ss Plan and Business Model. create a Mark¢ting Strategy as well as a Fund Raising Strategy to progress the development of a musl visit heritage site for the people of Anglesey and Its Vlsitors. The employment and r¢t¢ntion of a suitably qualifi¢d Column Manager is an imp¢rativ¢ for delivery of these plans. An improv¢d website will be introduced, and memorandums of understsnding will be drawn up with those orgatiisations with whom such a relationship will lead to mutual benefits. The inlention is to str¢ngthen the Trust bTand and continuously improve ils s¢rvic¢ off¢ring. STRUCTURE, GOVERI44ANCE AND MANAGEMENT Governing document The or&ranisation is a charitable company limited by guardlltee and gov¢rn¢d by its Memorandum of Association dated 25 Jun¢ 2007. It was registered with thc Charity Commission on 7 July 2017. In the event of the company being wound up members are required to contrillute an amount not exc¢¢ding £1.00. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06292057 {England and Wales) Registered Charity number 1173731 Re%ister¢d office Britatinia House Four Crosses Pentraeth Road Menai Bridge Anglesey LL59 5RW Trustees Mr P J Davies OBE Mr T Lloyd Ms P Owen Marquess C A V Paget Lord B D T Pagct Ms D M Williams (rcsign¢d 10.9.23) Mr P Simpson (r¢$ign¢d I1.4.24) Mr J H Bishop {rcsi¥n¢d 15.3.24) Mr M Butler (appointed 21.12.23) Mr A R SLgrczewski (appointed 9.2.24} Company Secretydry Mr P J Davies OBE Independent Examiner Williams Denton Cyf Chart¢r¢d Certified Accountants Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE Page 3
ANGLESEY COLUMN TRUST (REGISTERED NUMBER: 06292057) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 This report has been prepared in accordance with the special provisions of Part 15 of th¢ Companies Act 2006 relating to small companies. Approved by order of the board of trust¢¢s on ........... Z oz*...... and signed on its behalf by. MrPJD E _ Trnstee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANGLESEY COLUMN TRUST Independent examiner's report to the trustees of Anglesey Column Trnst ('the Company,) I report to thc rhaTity twst¢¢s on my examination of the accounts of the Company for the year ended 31 March 2024. Rcspon$ibilities and basis of report As the charity's tn]stees of the Company (and also its directors for th¢ purposes of company law) you are responsible for the pr¢paration of the accounts in accordance with the reqU1Ments of th¢ Companies Act 2006 ¢the 2006 Act). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in rcspcct of my examination of your Charity's accounts as carried out under Section 145 of the Chariti¢s Act 2011 ('the 2011 Act?. In carrying out my ¢xamination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Art. Independent examiner's statement Since your charity's gross incom¢ ¢xceeded £250,000 your examiner must be a member of a listed body. I can COnfM that I am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants. which is one of the listed bodies. I hav¢ completed my examination. I confm that no matters hav¢ com¢ to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with thos¢ rc¢ords' or the accounts do not comply with the accounting requirements of Section 396 of thc 2006 Act othcr than any requirement that the accounts giv¢ a true and fair view which is not a ll)atter considered as part of an independent examtnation. or the accounts have not bccn prepared in accordance with the rnethods alld principles of thc Ststemcnt of Recommend¢d Practice for accounting and reporting by ch2rities (applicable to charities pryaring th¢ir accounts in accordance wilh the Financial R¢porting Standard applicable in th¢ UK and R¢publi¢ of Ir¢land (FRS 102)). I have no concerns and have com¢ acmss no other matters in connection wilh the ¢xamination to which att¢ntion should be drawn in this report in order to ¢nable a proper understanding of the accounts to b¢ reached. Colin Bell FCCA Williams DeDtoll Cyf Chartcr¢d CertifJ¢d AoUntantS Glaslyn Ffordd y Par¢ Parc Menai Bangor Gwynedd LL57 4FE Ut Date: Page 5
ANGLESEY COLUMN TRUST STATEMENT OF FINANCIAL ACTIVITIES NCORPORATING AN INCOME AIW EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Totsl nds Unrestricted fund R¢stri¢t¢d funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies SOJ33 50J35 68,999 Cbarfitable acthvities Maintsin and protect The Marquess of Anglesey's Column 14,816 708,236 723,052 297,253 Investment Ancome Total 67,254 708,238 775 492 366 252 EXPENDITURE ON Charitable activities Maintain and prot¢¢t Th¢ Marquess of Anglesey'5 Column 854,374 897,895 298,140 NET INCOMEI(EXPENDITURE) 23,733 (146,136) (122,403) 68,112 RECONCILIATION OF FUNDS Total funds brougbt forward 22,892 160,455 183J47 I 15,235 TOTAL FUNDS CARRIED FORWARD 46,625 183 347 The notes forn) part of these financial ststements Page 6
AIYGLESEY COLUMN TRUST (REGISTERED NUMBER: 06292057) BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted nd R¢strict¢d nds Notes FIXED ASSETS Tangible assets Heritage assets 7,325 12,116 19,441 380 12 7,325 12,116 19,441 380 CURRENT ASSETS Debtors Cash at bank and in hand 13 3284 4,322 1.259 29.187 254,174 43227 47,770 3,063 50,833 283,361 CREDITORS Amounts falling due within one year 14 (8,470) (860) (9,330) {100,394) NET CURREIYT ASSETS 39 2,203 41,503 182,967 TOTAL ASSETS LESS CURRENT LIABILITIES 46,625 14,319 60,944 183,347 NET ASSETS 14,319 60,944 183.347 FUNDS Unr¢stricted funds Restricted funds 17 46,625 22,892 160.455 TOTAL FUNDS 60,944 183,347 The charitable company is entitled to ex¢mption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members hav¢ not r¢quird tb¢ company to obtain an audit of its fmancial statements for the year ended 31 March 2024 in accordance with Section 476 of th¢ Companies Act 2006. The trustees &¢knowl¢dg¢ their responsibilities for (a) ensuring that ihe charitable company keeps accounting records that comply with Sections 386 and 387 of the Compani¢s Act 2006 and preparing financial statements whicb give a tnjc and fair view of the state of affairs of the charitable company as at the end of each financial year and of its sury)lus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requir¢m¢nts of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The notes forni part of these financial statements Page 7 continued...
ANGLESEY COLUMN TRUST (REGISTERED NUMBER: 06292057) BALANCE SHEET- continued 31 MARCH 2024 These financial statements have been prcpared in accordance with the provisions applicable to charitable companies subject to dle small companies regim¢. The financial statements were approved by th¢ Board of Trust¢¢s and authorised for issue on ..l.../i ..1.1>.*......... and w¢re sign¢d on ils behalf by: MrPJD ies. E- Tst¢¢ Ms P Owen- Trustee Th¢ note5 fomi part of these financial statements Page 8
ANGLESEY COLUMN TRUST CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating aetivities Cash generated fiM operations 655 558 421,196 N¢t cash provided by operating activities 421.196 Cash flow5 from investing aetivlties Purchase of tangible fixed assets Purchase of heritag¢ ass¢ts Interest received (24,502) {844,108) 2,105 (285.911) Net cash us¢d in investing activities 866,505) 285,911) Cbange in cash and easb equivalents in the reporting period Cash and cash equivalents at the begRnniDg of the reporting period (210,947) 135,285 254 174 118.889 Cash and cash equivalents at the end of tbe reportlng period 43,227 254,174 The notes fonn part of these financial statements Page 9
ANGLESEY COLUMN TRUST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expenditureyincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Dcprcciation charges Interest received Decrease/(incTease) in debtors (Decrease)lincTease in Creditors (122,403) 68,112 849,550 (2,105) 22,241 286,233 (28.047) 94,898 Net cash provided by operations 655 558 421.196 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash tlow At 31.3.24 N¢t rash Cash at bank and in hand 254,174 21094 43,227 254 174 210,947) 43,227 Debt Debts falling due within l yeat 4,000) Total 250 174 39 2111 947) 27 The notes form part of these financial statements Page 10
ANGLESEY COLUM1¥4 TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES BA5is of preparing the financi21 stalements The fmancial statements of tbe charitablc company, which is a public benefit entity under FRS 102, have been pr¢pared in accordance with thc Charities SORP (FRS 102) 'AccountiDg and Reporting by Charitics: Stal¢m¢nt of Recommended Practice applicabl¢ to ¢hariti¢s preparing their accounts in accordance witb the Financial Reporting Standard applicable in the UK and Republic of treland (FRS 102) {cffcctivc l January 2019),. Financial Reporting Standard 102 'The Financial Reporting Standard applicabl¢ in th¢ UK and R¢public of Ireland, and the Companies Act 2006. The financial statements havc b¢¢n prepared under the historical cost convention. Income Income from donations and grants: including capital grants, is recognised once the charity has entitlement to the incomc, it is probable that the income will be received and the amounl of income receivable can be measured reliably. Income from capital grants are deferred and Teleascd as income in lin¢ with the d¢pre¢iation policy of the relevant asseL Donations &r¢ recognised when the charity has been notified in writing of both the amount and settlemeni date. In the event that a donation is subject lo conditions that require a level of perfoTmancc befo the ¢harity is entitled to the funds, the income is deferred and not recognised until those conditions are met. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructiv¢ obligation committing th¢ clwity to that expendithre, it is probabl¢ that a transfer of economic benefits will be required in s¢ttl¢m¢nt and the amount of the obligation can be m¢asur¢d r¢liably. Expenditure is account¢d for on an 2rualS basis and has b¢en classified under headings that aggregate all cost related to the category. Wh¢r¢ Costs cannot be directly attributed to particular headings th¢y hav¢ been allocated to activities on a basis consistent with the use of resources. AlloeAtiOn 2nd apportionment of costs Certain cxp¢nditure is directly attributable to specific artiviti¢s and has been included in those cost categories. Certain oth¢r ¢osts. which aTe attributable to mor¢ than one activity. are apportiolled across cost categories on thc basis of an estimate of the proportion of titne sp¢nt by staff on those activities. TangRble fixed assets Depreciation is provided at th¢ following annual rates in order to writc off each asset over its estimated useful life. Long leaschold Comput¢r equipment not provided 250/0 on cost Taxation Th¢ charity is ¢xempt frorn corporation tax on its charitable activities. Fund a¢eounting Unrestricted funds Can b¢ used in accordance with the charitable objectives at th¢ discretion of the trustees. Restricted funds can only be used for particular restricted PUTposes within the objects of the charity. Restriclions aris¢ when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial stalem¢nls. Pagell continued...
ANGLESEY COLUMN TRUST NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTllYC POLICIES - eontlnued Pension costs and other pOSt-retireent benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the clwitable coftnpany's pension scbelne are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid SOJ35 61,249 50,335 68.999 INVESTMENT INCOME 2024 2023 Interest receivable - trading 2,105 INCOME FROM CHAIUTABLE ACTIVITIES 2024 2023 Activity Maintsin and protect The Marquess of Anglesey's Column Maintain and protect The Marquess of Anglw's Column Maintain and protect The Marquess of Anglesey's Column Maintain and protect The Marquess of Anglesey's Column Maintsin and protect The Marquess of Anglesey's Column Admission fees 7246 Merchandise sales 281 Cafe sales 4,888 Grants 709,293 297,253 Other in¢om¢ 723,052 297,253 Grants r¢ceived. includ¢d in th¢ abov¢. ar¢ as follows: 2024 2023 National Lottery Heritage Fund Isle of Anglesey C.C Welsh Government- Kickstart Pilgrim Trust Th¢ Wolfson Foundation Magnox Ltd Anglesey Charitabl¢ TNst Historic Hous¢s 621,134 121,842 5,000 5,411 20.000 50,000 70,000 25,000 189 37,8(K) 48,5(10 1,670 CADW Cymunedau Ymlaen Mon Communities Forward 709.293 297253 Page 12 continued...
ANGLESEY COLUMN TRUST NOTES TO THE FINAh'CIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE ACTIVITIES COSTS Support osts (s¢¢ not¢ 6) Direct Costs Totals Maintain and protect The Marquess of Anglesey's G)lumn 892.206 5.689 897,895 SUPPORT COSTS Governance costs Management Finance Totals Maintain and protect The Marquess of Anglesey's Column 1954 571 NET INCOMEI{EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 21124 2023 Depreciation - owned assets 5,441 321 TRUSTEES, REMUNERATION AND BENEFITS Th¢re were no tNstees' reftnuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru$tees' expenses There were no 31 March 2023. truste¢s' cxpenses paid for th¢ year ended 31 Marcb2024 nor for the year ended STAFF COSTS 2024 2023 Wages and salaries OtheT pension costs 28360 348 5,481 59 28.608 5.540 The avcrage monthly number of employees during th¢ y¢ar was a5 follows: 2024 2023 Administration No ¢mployee5 received emoluments in ¢xcess of £60,0(K). Page 13 continued...
ANGLESEY COLUMLY TRUST NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Restricted funds Total fimds INCOME AND ENDOWMENTS FROM Donations and legacies 18,999 50,000 68,999 Charitable a¢tiTrryti¢s Maintain and prot¢¢t Th¢ Marqu5 of Anglesey's Column 297 253 297 253 Total 347 253 366 252 EXPENDITURE ON Cbarltable 2¢tlvfities Maintain and protect The Marquess of Angl¢s¢y's Column 291.640 298 140 NET INCOME Transfers between funds 12,499 97 55,613 97 68,112 Net movement in funds 12.402 55.710 68,112 RECONCILIATION OF FUNDS Total fvnds brought fonvard 10,489 104,746 115235 TOTAL FUNDS CARRIED FORWARD 22,891 160,456 183.347 li. TANGIBLE FIXED ASSETS Fixtures Long leasehold Plant and machin¢ry Computer ¢qutpm¢nt fittings Totals COST At l April 2023 Additions 1,287 2,429 1,288 24,502 4,605 17,468 At 31 March 2024 4.605 17.468 DEPRECIATION At l April 2023 Charge for y¢ar 908 797 908 At 31 March 2024 NET BOOK VALUE At 31 March 2024 3,454 2,011 At 31 March 2023 379 380 Page 14 continued...
ANGLESEY COLUMN TRUST NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2024 ii. TANGIBLE FIXED ASSETS - continued Th¢ company holds a lease of the Marquess of Anglesey's Column and Suound1ng arnenity areas as a pennanent Endowtnent. No valuation of the property was mad¢ when the lease was granted and its value, given its nature, is considered to be Purely academic. A nominal valu¢ of £1 has be¢n attributed to the lease for the purpose of these financial statements. 12. HERITAGE ASSETS Irnprovements to piopety COST At l April 2023 Additions 291,695 844 108 As at 31 March 2024 1,135,803 DEPRECtATION At l April 2023 Charge for ycar 291,695 844,108 1 135 803 IYET BOOK VALUE At 31 Marcll 2024 At 31 March 2023 The improvem¢nts to Propety Telate to the costs of the ¢ompl¢t¢ restoration of the Marquess of Anglesevs Column and surrounding area and are written off in tbe year th¢y ar¢ inCued as due to its nature it is not deemed appropriate to have a carrying value. On¢¢ th¢ restoration has been completed any fll)ancially ba8¢d valuation would be misleading to the value and significance of the historical monument. Further more thc costs incurred, if a valuation could be obtained, would be di5PTOPOrtionate in t¢rnis of bencfits derived either by the company or to users of the fjnancial statements. The tSte¢S believe that should a disproportionally large amount be introduc¢d into the fmancial statements this could give a misleading impression of the assets wealth and act a disincentive to potential donoTS. Th¢ ¢ompany aims to maintain the Marquess of Anglesey's Colum1] and sounding area in good repair and has a duty of care to these assets and to mak¢ them available for public benefit. Once the restOTation is complet¢ any ongoing costs of associated repair and conservation will be included in the Statement of Fillancial Activities in the year that they are incurred. Page 15 continued...
ANGLESEY COLUMN TRUST NOTES TO THE FINANCIAL STATEMENTS - ¢ontinued FOR THE YEAR ENDED 31 MARCH 2024 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 VAT Prcpaymenls 4,322 3,284 23,314 5,873 7,606 29,187 14. CREDITORS: AMOUNTS FALLING DUE WITHIN OiNE YEAR 2024 2023 Other loans (see note 15) Trade creditors Social security and other tsxes VAT Other creditors Defeed grants Accrued expenses 4,000 481 1,208 660 113 190 4.000 79,465 38 379 100 394 15. LOANS An analysis of the maturity of loans 15 giv¢n below: 2024 2023 Amounts falling du¢ within on¢ year on demand.. Other loans 4,000 4,000 16. SECURED DEBTS National Heritage Memorial Fund have fixed charges over the properties as security for grants awarded to the charity. 17. MOVEMENT IN FUNDS Net movement in funds At 31.3.24 At 1.4.23 Unrestrlrted funds G¢n¢ral fund 22092 23,733 46,625 Restrieted funds Endowment fund RestoratAon fund 146 136) 14 160,455 146,13 14J19 TOTAL FUNDS 183 347 122 403) 60944 Pagc 16 ontinu¢d...
ANGLESEY COLUMN TRUST NOTES TO THE FINANCIAL STA TEMENTS - eoDISDued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS - eontitiued Net mov¢m¢nt in funds, included in the above are as follows., Incoming resources Resources expended Movement in funds UDrestrieted funds General fund 67,254 {43,521) 23,733 Restricted funds Restoration fund Kickstart 708,048 190 (854,184) {146,136) 708,238 1154 74 J46,13 TOTAL FUNDS 775 492 897,89 122.403 Comparatlves for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted lunds General fund 10,489 12,5(K) (97) 22,892 Restricted funds Endowment fijnd Restoration fund Kickstart 104.523 222 55,931 160,454 97 E04 746 97 160,455 TOTAL FUNDS 115,235 183.347 Comparative nel movement in funds, inc]uded in thc above are as follows.. Incoming resources Resour¢¢s xpcnded Movement in funds Unrestricted funds G¢neral fund 18.999 (6,499) 12,500 Re5trieted funds R¢stQTation fund Kickstart 341,842 5,411 {285,911) 5,730) 55,931 347,253 291,641 TOTAL FUNDS 366,252 298,140) 68,112 Page 17 continued...
ANGLESEY COLUMN TRUST NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS - Continued A current year 12 months and PTIOT year 12 months combined position is as follows: Net movement in funds Transf¢rs betw¢¢n funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 10,489 36,233 (97) 46,625 Restrfficted funds Endowment fund Restoration fund Kickstart 104,523 222 (90,205) 319 14,318 97 104.746 97 TOTAL FUNDS 115235 54,291) 60,944 A Cllent year 12 months and prior y¢ar 12 months ¢ombin¢d n¢t movement in fijnds, included in the above are as follows: Incoming resources R¢80urces expended Movement in funds Unrestrlcted funds General fund 86,253 (50,020) 36,233 Restricted funds Restoration fund Kickstart 1,049,890 (1,140,095) (90,205} 055 491 (1146,015) 90,524 TOTAL FUNDS 1,141,744 (1,196,035) 54 291) RESTRICTED FUNDS EndowmeDt Fund This fund represents the nominal valv¢ attributed to the l¢ase of the Column and surrounding amenity areas. Restoration Fund This fund is for the restoration and maintenance of the Marque&s of Anglesey's Column and surrounding ar¢a. Kickstart Funding h¢m¢ to help towards cost of ernplowLent. Page 18 continued...
ANGLESEY COLUMN TRUST NOTES TO THE FIIYANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2024 18. RELATED PARTY DISCLOSURES Other than a loan of £4,000 from a Trnstee, there were no related paty transactions for the year ended 31 March 2024. Page 19