REGISTERED COMPANY NUMBER: 12487487 {England and Wale$) REGISTERED CHARITY NUMBER: 1190105 REPORTOFTHE TrUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2025 BOOKS PLUS CARDIFF LhMITED Green & Co Accountants and Tax Advsors Pemlyoke House Llonlornom P(yk Woy Cwmtxan Torloen NP44 3AU
BOOK5 PLUS CARDIFF LIMifED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31STMAY2025 Page Report cl the Trustees Independent Examlner's Report 51atement of FIDaTrclal Aclfvllles Balance Sheel Notès to th• Flnanckjl Sttst•mènts 8 10 1 Delaled Stalement of Hnandal ActltIeS 13 10 14
BOOK5 PLUS CARDIFF LIMifED REPORTOF TrIE TRUSIEES FOR THE YEAR ENDED 315TMAY 2025 The Iruslees who ore obo directors ol the chcyily lor the purposes ol the Componies Act 20)6, esent their repoil with the finonciol slolemen15 01 the chuily lor the yeu ended 31 sl Moy 2025. The Iru51ee5 hove odopled the 0viOn$ ol Accounting arKJ Reporting by Chcxilies.. Slolemenl ol Recommendecj Practice applicable lo chc¥ilies F*ewring their occounls in occordonce with the Fimnciol RepThting Slondcrd opplic0b in the UK ond Republic ol Irelond R5 1 ry21 lelleclive l Januory 20191. OBJECIIVES AND ACTIVITIES Obledlves ond olms The chorily's object ond rxincpol oclivily is lo odvonce the Chislion loilh and in FX]rlicul(x lo rxovide Ck¥islKin lilerolvre ord olher Iofms ol medio communicolion. Ihis object is mel Ihrovgh the operolDn ol o cl$ll0n bookshop Iroding under the nome BOOKS PIV5 in the concoLK5e ol hospit015 1(y the benefit ol the community of Cordrfl ond South Woles. The ch(yily ts orgonised so t1 Ihe Iruslees meet regulorly lo monoge ils olloirs. All staff are lo be emF4oyed in direct ch¢yilable oclivilies. Publk bènefft The Iruslees con confirm Ihol they hove complied Milh the duly in Section 17 01 the Chcyilies Act 2011 lo hove due regcxd lo public benefit guidonce putjished by the Commis%on. Significonl oclivilies Ihol we undertook dIrng the per Ihol demonstrole pU1t benefit. ore sel out below. Aclllllles The chority operole5 through o bookshop known os BOOKS Plvs Ccydill, locoled ol the University H05pilol of Woles. Ccxdill. The ch(rrily is wkYJlly owned by the p(xenl charit0b compony knghl on the Mount. The performonce ol BOOKS Plus Ccrdill Limited lor 2024-25 hos mel the chorily'5 objective ol enhoncing Ihe coriw environment ol the univerlY Hospilol ol Woles Ik¥ough the r0viOn ol Ck¥islK]n lilerolLKe ond rebled goods. Consideroble ond much opF¥ecialed ellorl by sloff monogemenl hos gone into odjuslng the stock on oller lo ele the shop remoin5 on ollroclive. coring ond relevonl oullel whilst clso odctres%ro cent firnCIal imperolives. DIng his perDd BOOKS Plus Cordiff Limited focused on lil supwrting the new co-monogers os they selld inlo ther importonl role. Iiil d8veloping the relevonce ol ollering lot oulpolien15 ond 51011 ul11ing the reloil concoLKse, liiil how lo rxomde o IsleniThJ and ccxing environment from o (eloilef perspective. FINANCIAL REVIEW Reserves polcy The resulls lor the yeor cxe summ0ri5ed in the Slolemenl ol F1ml01 Aclivilies. Al 31 Moy 3)25 the chlily is reporliro nel ossels (Jtye5trlèd reserves omounlng lo -£66.766. This 15 b6cov5e o sub51onlitsl FXOPOrtion of the assels hove been relained within the porenl ChIlY Lighl on the Mount orising from when il lunded the felocolDn on the BOOKS Plus Ccrdill operolion from Ur1 610 Unil 8 within the hospilol reloil concoLKSe. Reserves cxe CL¥renlly held wilFNn the Lighl on the MounllBOOKS Plus goup ol compoThes lo ensLKe the ch(xily is well plocecl lo meet fule demonds on ils res0ceS. The Iruslees ore working lo ogree o goup policy lo defi how reserve5 lye lo bg held lor eoch ol the individual componies, irclvdiro BOOK5 Plus Ccydill MIted. HrJh rent levels continue lo impocl the tyolilolilily o1800KS Plus C¢Jdiff Limited, however, donated resources in the form ol lime ond money meon Ihol the operolvn remoin$ 5U510inotAe in the medium term. The Irvstees consider the level ol reserve5 to be odequole. P¢)¥ I
BOOK5 PLUS CARDIFF LIMifED REPORTOF TrIE TRUSIEES FOR THE YEAR ENDED 315TMAY 2025 FINANCIAL REVIEW Golng concern Aller revwIrvJ the chorily s lorecosts oncj Fyojeclions. the InJslees hove o reosonoble expectation that the ch¢Jily hos odequole reCeS lo conlinue in operolionol e$tence lof the loreseeoL4e lulvre. The Ch¢tY receives orooing Support from 115 p(renl enlily, Light on the Movnl. ond h05 token 51ep5 05 highlghled in I rep1 ol the Iruslees Mfjlh lun(*01n9 orKJ exlending IrodirvJ hoLKS. The chlyity therefore conlnues lo odopl the going concem bosis yepcxing 115 finonciol slalemenl5. FUTURE PLANS The Iruslees will mainloin oclivily ol Ihe Univeryly H05pilol ol Wole5 vio the shop BOOKS Plu5 cdIff in Unil 8 of the hospilol's moin enlronce ond concourse. Wofk is underwoy lo extend Ihe openiro hoLK5 01 the BOOKS Plu5 CdI11 sh)p, ptICLOY 0$ oulpolien15. V15il¢ys ond sloll ore now using the Conc0Se lor lorvJer periods thon o lew ye(y% ogo. A Iriol lo evidence the volue of Iroding dLKing these extended periods is indicaling on onnLoI increase in sales ol appioximolely 00. Wofk will commence soon lo recruit new volunteer5 10 055151 ol these lime5. Funthoisirva and incfeasirva SUPPOrt lor the wort remoins a E¥MJfity lo( the lulure ol BOOKS Plus Ccxdill Limited in ossocioIDn with its pcyenl chority Light on the Movnl. Th8 obilly lo dèmonslrole in Ccxdifr Ihol the minislryiirodiro model is susl0imte. remoins o key element ol the ch¢Jily's strolegy in association with parent compony Light on the Movnl. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document BOOKS Plus Ccrdill Limited is both o yivole limited compony ond o registered chority. The chcrily is controlled by ils IAemorondum ond tiCIeS ol Ag5¢)ciolion. Control ol BOOKS Plus Ccydill Limited lie5 wlh ils F)orenl ch¢Jilable company Light on the Mount. The chori10b objects ol BOOKS Plus CordiN Limited mirror those ol Luhl on the Mount. The chorily hos been slruclured this woy lo bolonce Ihe need for locol occounlobilily whilst ensLKng Con518neY ond good monogemenl syoclice ocross the tyOLJP ol choriloble componie5 operoliro BOOKS Plus charitable b¢)okshops. St1 employed by BOOKS Plvs Cordill Limited ore olso employed by ght on the Mount on duol employment conlfocls. Recrullmenl and appolntment ol new tru$tee$ The formal method ol appointing Iruslees is contained wlhin the conslilultin of the ch¢tY. New trustees oppoinled by lormol resolution ol exisling trustees. New Iruslees are trained by other Iruslees and the ch(xily's monogemenl sloff lo become lamilior with Ihe chorily's objecliyes, constilulion, memorara ord ¢Jticles ol incorporolion. their legal duties os Iruslees, bu5ine55, finonce ond other reloled operolionol moller5. REFERENCE AND ADMINISIRAIIVE DEfAILS Reglstered Compony number 12487487 (Engbnd ond Woles) Reglslered chlty number 1190105 Page 2
BOOK5 PLUS CARDIFF LIMifED REPORTOF TrIE TRUSIEES FOR THE YEAR ENDED 315TMAY 2025 Reglstered offke 19 Fronklen Rood Cordrfl CF141HR Trvstee$ A S Dubljevic Crown OseCUtor C J Groves11 ProleSsn0l Independent Examln Ed Gooderhom FCA Green & Co Accounlonls ond Tox Advisors Pembroke House Lhnlornom P(ykW( Cwmbran Tortoen NP44 3AU Apsyoved by ofdei ol boord ol trLtslees on 27th Fetyucxy 26 ond signed on ils beholl by: C J Graves- Tfuslee Page 3
INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF BOOKS PLUS CARDIFF LIMITED Independenl examlner's repoil lo the truslees cl Books Plus Cardlf Umlled ('Ihe Company.) I report lo the chaiily IIuslee5 on my exomirKilion ol the occoun15 01 the ComF)ony lor the yetr eT)ded 31sl May 225. Respon51bllNes arKI bas15 olreport As the chorily's Iruslees ol Ihe ComF)ony lond also ils directors lor the wrposes ol company I} you responsible for Ihe yepcrolion ol the occounls in (cOrdanCe with the requiremenls ol the Comwr4es kl 2006 (Yhe 2006 Acl'l_ Hoviro solisfied myself Ihol the occounls ol the Compony ¢Je not required lo be oudiled under Port 16 01 Ir 2006 Act ond ore eligibb lor independent exominolion. I report in respect ol my exominolion ol YOLK ChIlY'S occounts os corried out under Section 145 01 the Chorilies Act 2011 I'lhe X)I l Acl'l. In corrying out my exominolion I have lollowed the Direclh)ns gwen by the Chofity Commission uTrder Secltin 145151 Ibl ol the 2011 Act. Independent examlner's slatement I hove CoMpted my exominolion_ I confirm Ihol no motlers hove come lo my ollenlion in conneclDn with Ihg exominolion giving me couse lo beleve: occounling recorcts were not kept in respecl ol the Compony 05 required bysection 01 the 20C6 Acl: the occounls do not OCCOfd with those records,. or the occoun15 do r1 comply with the occounling requiremen15 01 SeclDn 396 01 the 26 *£1 other IIKJn ony requiremenl Ihol the occoun15 give o true ond lor view lIch s not o moller con5kJered 05 pcrl of on ir)depend8nl exominalK)n.' or the occounls hove not been prepcred in accordonce wlh the melhods and principles ol the Slolemenl ol Recommended Proclice lor occounling ond reporting by chorilies lopplicoble lo chorilies yepcring their occounls in occordonce with the Finonciol Reporting Slondord opplcoble in the UK or)d Republic ol Ireland IFRS 10211- I hove no concerns ond hove come ocross no other mollers n connection with the exominolion lo which ollenlion should be drn in this report in ordef to enoble o rjoper understanding ol Ihe occounls lo reoched. Ed Gooderhom FCA Green & Co Accounlonls ond Tox Advisors Pembroke House Lk]nlornom P(xkW Cwmbron Tortoen NP44 3AU 271h Febnjory 2026 P¢)¥ 4
BOOK5 PLUS CARDIFF LIMifED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 315TMAY 2025 25 Unreslricled lund5 24 Tolol lunds Noles INCOME AND ENDOWMENTS FR¢JM Donolion5 ond legocie5 16,942 1,210 CharflabSe aclivllles Advoncemenl ol the Clyslun loilh 148,056 158,223 Total 164,998 159,433 EXPENDITURE ON Chorftable octlvltles Advoncemenl ol the Clytslnn loilh 197.272 171.649 NET INCOME/(EXPENDITURE) 1322741 112.2161 RECONCILIATION OF FUNDS Told lurKJs broughl lor¥vd 134.4921 122.2761 TOTAL FUND$ CARRIED FORWARD 166.7651 134.4921 The notes lorm p(Yt ol these finonciol slolem8nls Poge 5
BOOK5 PLUS CARDIFF LIMifED BALANCE SHEET 31ST MAY 2025 2025 Unreslricled lund5 2024 Tolol lunds Noles FIXED ASSErs Tangib 055815 292 375 CURRENT ASSErs Stocks Debtor% Cash ot txjnk and in haTrd 40.512 2696 3,672 40,929 2.354 1,657 46h80 44.940 CREDITORS Amounts loling due wlhin one y8or 1113.9181 179.8071 NET CURRENT AS$E151{LIABILITIES) 167.OS81 134.8671 TOTAL ASSEfs LESS CURRENT LIABiifiES 166,7tAI 134,4921 NEf AS5ETSI(LIABILlnES) 166,7661 134,4921 FUNDS Unreslricled lund5- Generol lur Shue COFilol 10 166.7671 134.4931 166.7661 134.4921 TOTAL FUNDS 166,7&51 134,4921 The ch¢Jiloble compony is entild lo exemption from a11 under Section 477 01 the Componies kl 2CQ6 lor the Ye ended 31 sl Moy 2025. The members hove not requied the compony lo obtain on OLhJil ol its Inonciol slolemenls for the ye(r erKJed 31$1 Moy 2ff25 in ttcordonce wlh Section 476 01 the Componies Act XK)6. The Iruslees ockmwledge ther respon%blilies 1¢ lol ensLKing Ihol the chorilab compony keep5 occounling records Ihol comply wlh Section5 386 orKJ 387 ol the Componies Act XK)6 ond preporing firnCial slolemenls w*Mch give a true ond loir wew ol the stole ol afloifs ol the ch¢Jiloble compony 05 al the end ol eoch Inonciol yecy ond ol 115 SLKpIu5 or deficit lor eoch finonciol yecy in occordor¢e with the requiremen15 01 Seelion5 394 ond 395 ond which olh8rwise comply wlh t% requirements ol the ComFX]nies kl 06 relating lo finonciol slalemenls, so Icx as opplicae lo the ch¢Jiloble compony. Ibl The notes lorm p(Yt ol these finonciol slolem8nls Poge 6 continued..
BOOK5 PLUS CARDIFF LIMifED BALANCE SHEET - conllnued 31STMAY 2025 These finoncid slolemenls hove been rxepcxed in occofdonce with the ¥ovisions opp1cae lo chariloble componies subject lo smoll componies regime. The fimwiol slolemenls were oppfoved by the B¢)(yd ol Trustees and oulhorsed lor issue on 27th FebfLQry 2cr26 ond were srdned on ils beholl by: C J Groves- Tfuslee The notes lorm p(yl ol these finoncKI1 slolem8nls Poge 7
BOOK5 PLUS CARDIFF LIMifED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 315TMAY 2025 ACCOUNTING POLICIES Basls of preparlng the flnanclal statements The financiol slolemenls ol the choriloble company. which is o public benefit enlily undef FRS 102. hove been [Yepe in occordonce with the Chcrrties SORP IFRS 1021 'Accounling ond Reping by Chorilies: Slolemenl ol Recommended Proclice opplicoble lo chorilies yepuing their occovnls in occordonce with the Finonciol ReptIrng Slar)dctrd applicab in the UK and Republic ol Ireland IFRS 1021 lelleclive I Jonuory 20191,, Fnonciol Rep¢yting Slondord 102 'fhe Finonciol Reporting Slondord appcOble in the UK ond Republic ol Irelond, ond the Componie5 Act 2006. The linonciol slolemenls hove been ¥ewred under the hist01 cost convention. Income Al income is recognised in the Slolemenl ol Finonciol Activities once the chorily hos enlillemenl lo the lunds. il is p(obob that the income wil be receNed aTrJ the amount can be meosLKed reliab. Expendllurè Liobililies ¢Je fecognsed os expendite os soon os there is o legol or conslruclive obligolion comrnilling the chorily lo Ihol expendilLKe. il 15 probotje Ihol o Iron51er ol economic benefits will be required in sellemenl ond omounl ol the oblvJolion con be meoswed r8liobly. Exper)dilvre is occounled on an occruals ba%s and hos been classif under heodiws Ihol ¢Jggregole oll cost reloled lo the colegory. Where cos15 connol be direct ottribuled lo porlrulcr heodings they hove been ollocoled lo oclivilie5 on o Lo5is corts151enl with Ihe ol re50LKCé5. Tanglble flxed assets Dewecioln is syovided ol the lollowng onnuol role5 in order lo lIe off eoch ossel over 115 e51inoled useful lile. Computer equipment 20%on cost stocks Stocks cxe volued ol the lower of cost ar nel reolsoble volue. oller moking due ollowonce lof ob501ete ond 0W moving items. TaxoNon The charity ts exempl Irom corporolion lox on ils chcriloble oclivili8s. Fund accounllng Unreslricled lund5 con be used in occordonce with the choriloble ot4'eclives ol the discretion of 11 Iruslees. Reslricled funds con oV be used lor pcYlicuk)r reslricled wrwses wlhin the objects ol the thtJily. Reslriclions arise when specified by the donor or when funds cxe raised porticulu reslricled purposes. FLKlher expk]rK]lion ol Ilw nolure orKI pvrp05e ol eoch fund s included in the note5 to the linonciol slolemenls. Hlre purchase ond leoslng commltments RenloÈ paid under operoling 0$eS ore chlyged lo the 51olemenl ol Fimnciol AclNilies on o slroighl line basis over the period ol the lease. Page 8 continued..
BOOK5 PLUS CARDIFF LIMifED NOTES TO THE FINANCIAL STAIEMENTS - conllnved FOR THE YEAR ENDED 315TMAY 2025 ACCOUNTING POLICIES- conllnved Penslon costs arKI othff post-retlrement ben41ts The Chorilab compony operoles o defined conlribulion pension scheme. Contrbulions poyatae lo the chcriloble compony's pension scfeme ore chcrged lo the Slolemenl ol Fnonciol Acliiilies n the pefiod lo wlich they relole. NEf INCOMEIIEXPENDITURE) Nel incomellexpendilurel is sloled ollef chcrgingiicredilingl.. 2025 21J24 DeFYecloln - owned ossels Hire ol FAonl ond mochinery 83 42 l.(J29 TRUSTEES. REMUNERATION AND BENEF115 There were m trustees. femunefalion or othe( benefits lor the year ended 31 sl May lJ25 nor lor the ye ended 31st Moy 24. Trusteès, expenses There were no Iruslee5' exFenses poid for the yecx ered 31st Moy l)25 nof lor the yecy ered 31 sl 2024. STAFF COSTS 2025 2(r24 Woges ond solcyies Other pension costs 44,987 1.299 38,260 1.175 46,286 39,435 The overoge monthly number ol employees duriro the ye¢y w05 as follows.. 2025 2(T24 Sloll No employees received emoluments in excess of £60,00). Page 9 continued..
BOOK5 PLUS CARDIFF LIMifED NOTES TO THE FINANCIAL STAIEMENTS - conllnved FOR THE YEAR ENDED 315TMAY 2025 TANGI&LE FIXED ASSETS Compvler eqvipmenl COST Al l sl )ne 2(Y24 ond 31 sl Moy 25 417 DEPRECIATION Al I 51 June 2(Y24 Chorge lor yecx 42 83 Al 3151 Moy 2)25 125 NEf8ooK VALUE AI 3151M0y25 292 At 31st May 24 375 STOCKS 2)25 124 Stocks 40.512 40.Y29 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 3J25 124 Other dèblo VAT Prepoyments ond occrued income .815 881 1.898 266 190 2696 2.354 Page 10 continued..
BOOK5 PLUS CARDIFF LIMifED NOTES TO THE FINANCIAL STAIEMENTS - conllnved FOR THE YEAR ENDED 315TMAY 2025 CREDITORS: AMOUNIS FALLING DUE WITHIN ONE YEAR 2)25 3)24 Olhef loons (see note 91 Trode credilofs Sociol 5ecLKily ond other loxes Other credilofs Accruols ond deferred iome gjo 38,336 247 71.419 3,935 63.tljl 3,935 113.9 79.&)7 LOANS An onoly5i5 01 the molurity ol loons is given below- 25 3)24 Amovnls lolling due wlhin one yeor on demond: Other bons SJO MOVEMEN[ IN FUNDS Net movement in lunds Al 31.5.25 Al 1.6.24 Uryeslrlcled Ivnds Geneiol fund Shcre caylal 134.4931 132.2741 166.7671 134.4921 132.2741 166.7061 TOTAL FUNDS 134,4921 I,274} 166,7661 Nel movement in funds, nCILed in the above ¢Je 05 lollows: Incoming resoLffces ResoLYces expermjed Movement n funds Urveitrkted funds Generol luncl 164,998 1197,2721 r322741 TOTAL FUNDS 164,998 1197,2721 f32,2741 Page 11 conlnued..
BOOK5 PLUS CARDIFF LIMifED NOTES TO THE FINANCIAL STAIEMENTS - conllnved FOR THE YEAR ENDED 315TMAY 2025 10. MOVEMENT IN FUNDS- contlnued Comp¢Yotlve$ for movement In fvnd3 Nel movement in funds Al 31.5.24 Al 1.623 Uryeslrlcted Ivnds Generol fund Shue coF¥lol 122.2771 112.2161 [34.4931 122.2761 112.2161 134.4921 TOTAL FUN DS 122,2761 112,2161 134A921 Comporolive nel movement in lunds, included in the obove ore 05 lolows.. Incoming resoLKces Resowces experKled Movement in funds Urveitrlctèd funds Generol luncj 159,433 1171.6491 112,2161 TOTAL FUNDS 159.433 1171.6491 112.2161 RELATED PARTY DISCLOSURES Al the yeor end the comwny wos owed %1.815 IZJ24.. £1.8151 Irom Books Plus Gloucester Limited. Al the yeor end the comFony owed £7I.172[224.' £63.3411 lo Light OnThe Mount. Po9e 12