Clwity r¢8istration numb¢r. 217013 The Chardon Trust (Llandudno Museum) ADllual Report andFillall¢ial Ststem¢nts for th¢ Year Ejyqcd 31 Match 2025 The Chardon Trust (Uandudno Museum) Colltrnts (continued) Reference and A&nintstrntive Details rEu5tees' Report 2to6 Indtp¢ndentEwDineT'S Ret Statement ofFI[￿laI￿1VIlLe5 8kn9 Balance SI￿¢t 10 Not¢$tothe Financial Ststements Ilto23 The Chardon Trust (Llandudno Museum) Reference aDd Administrative Detslls Trustees Mr P C Evans JP Mr5J RPhillips Mr H Pritchard Mrs M Oliver M8HCK¢wley SeniorMaA8gementlLeAdership Ms M Gurindapalli, Museum Manager Charity Registrgtion Number 217013 PrI￿¢1P#1 Otfice 17-19 Gl(Kldaeth Street Llalldudno North Wales IL302DD IDdepeDdent Exam5ffjer Aston H￿gheS & Co TnderKnQentExami] Selby Towers 29 Princes Drive Cvlwyn Bay North Wales LL29 SPE Pag¢ I The Chgdrdon Trnst (Llandudno Museum) Trustee5' Report Tbe tru8tc¢s present the am]ual report together with tbe fujattcial ststernents of thc cbarity for the year ended 31 Marth 2025. Trustees MrPCEv8mJP Dr S J8mes (resi￿ed 14 May 2024) J R Plllilips MrH Prit¢hard Mrs M Oliver Mr W Whewell (resigDed 8 June 20241 Ms H C Kewley (appointed 13 Jw 2024) Objectives gnd acd%ltles 0bje¢ls4nd￿￿mS The T￿51 operares Llandudno m￿￿U￿. which is atr accTedited clwitable tnwt. We were forn)ed in 1926by thc bcquest of Fttncis FAouaTd CThar(lon, a Iwal collecror who left his house and its COTElenis tl) the people of Llandudno for their learning attd eojoymenL Llllldudnom￿s¢u￿'s rnission igkn: "Preserve the Cljardon BequesL to ¢o]lect objects É)TJ the history of Llan(kndno and su￿Ound]ng areg and effeetiv¢ly manJ¥e our resoutC¢5 so that we proteeL develop and share our collection5 for the beft*fIt and enjoyment of a Ide ran￿ of vi5ittFrs now and into the firtur¢." Our visioll is thai Llandudno Mu%eum will.. 'COnt￿U¢ to etirichthe lives ofall uur Yi5StQE5 and to celebrnte forLlandudno's riLh andvibEaot presellt by making tsur colleetiotJ4 8ervic¢s and butldings a￿lIabl¢ to ¢iMyont for cnjoym¢nt, learning atjd inspiratio￿, "Po$iti(m OLLr visittsr$4nd users at th¢ heartof evcryrthing wedo andells￿re that the Musewn andits collections remain releva￿, iDnovaiive ajid in5pirin&" "Be ]Yspons2ve to ¢volNing public Cxpettatxo￿ the rapidly chawg environment aDd the eM￿El￿g Jwtional p2Cture for Museums." The initial Collection has been ¢lll8rg￿ Nryth ifems frorn the LIdnduth￿ Field CEub collecti¢)n and it¢m5 of ¢8rly Llandudno, including archaeok)gical Roman art¢factS w]d those from th¢ Mostyn developTSMt4 enabling us Éo demonstTate the lowTr's history. Page 2 The Chardon Trust Iljandudno Museum) Trusts¢5' Report (¢ontfinMed) ObJé¢tive5, slrnlegiesAttd4divrfffe The uDslees have %t a nunther olstsxtegies and objectives and bave developed a five year business plan. Emph2SiS h&s been on I￿reasIng foorfAII and this has b¢rn a(hie￿.¢d by ¢rearivity and c0￿m￿nIty engagemen4 together with increwd ma￿ding eff¢)rts artd a widespread use of 50cial media to publicise the ac(ivitte$ th¢ TnuseLlln now off¢rs. These include Wdllery talks. heritage walks, atts and crdfts sesston& scbool visit4 book launche4 museum tout cot￿n￿nItySrQuP Sessions and fi￿drai<tg event& The M￿Um'B education r￿TrM 1$ w¢ll used by outsidc Ix)dies whiGh include Llandrillo Collegc forwell b¢ing and IT, Aduli Leattjillg Wales for crearive writing, numeTacy for lif4 alld Conwy Cottne¢i for learniDg disabilities and Museum DctectiVBS. Schools in Conwyc'ounty Borouglkand CJwyneJd Cmthe m￿Seu[￿ shop Donationsand sponsoJEhip . Annual grallls from Llandudno Town Couu¢il and Conwy County BoFougbCounctl . OnMffgFants for 8pwifiG p￿￿tS * Fundraising ev¢nt& s￿)n50T¢d walk. international chotr cort¢¢rL reiki taster se&sion. Thesc events ¢ontiibLtted not just financially bLrt reittforced communiiy ¢onnection and awareness of the museum's wo￿. P4bhc b¢nefv The activities to fiknther publi¢ benefit arc f£en knbcdI￿ttIY linked aTMI statrd within thc $i8ntfi¢ani a¢tivicies for the pcriod. The tn]stees eonfirjn tljat theyhave complied with the reqyitElltents of 8ection 17 of the clwn.ties A¥rt 2011 to hrdve due regard to th¢ public bEncfit guidaT￿¢ published by the Charity CottJTnE&SiOn for Eng12nd and Wales. Use ofvolunteers In the the museu￿ expresses its ￿titsde towards the passionate ￿￿1vidualS WI￿ forEn the backbone of our mu$¢wn optratlOD by volunteering. Over ihe last year have had one paid m¢ml*r of stsff, 20 Cor¢ volunteers 27 roialing volunLttrs. This amoults to a total of 5,500 hours of volunt¢¢Ting during the year. Additionally? It is highlighied the Tntstees thern5elve5 are voluJLeers who conttibute ￿e&r time and experti% to th¢ museun] ¢)n an ongtsing h2Ei Page 3 The Cbardon Trust (Llandudno Museum) Trustses, Report (contiDued) FthaneiAI reiiew Poll4v reseryes The Trustees rontinu¢ to monitor the Musew)J's funds and their poliej. to hold Teserves to cover six months ongoing core Muscum costs. The clwity ha5 suff￿]ent reserves atyear end lunrestri¢ted reserw of £l.577.155) 10 Service th¢ on-going ttquiteme￿s for the foreseeable future. Goingconterll The trustees have. at the dale of approving these financial statement4 the iThtentAon io move the assets a￿d a¢tiviiies of the Cbarity into a Cjwntsble I￿)rr￿)rated Organisatioll. Struethrey govern4tt¢e #nd Dwiggement Na¢ure of8oveJ7ungdocuM* Schetne dated I2AI411988 as ￿￿eT￿led on 2710912011. Thc charitable objectiVC5 as set out by tbe S¢lwne are: to establish and maintsin a rnusewn for tbe exbibition to tbc public a) ofa ¢oll¢ction of fin¢ art andapplicd arts and crafts $0 as to promot¢ education in art andappreciaiion of art attd b) of collections ol artefxts and natural exhibits so &s to advance education in tbe history, natural l)istory. geogrdphy and e£onomy of Llanduthloond its eTriroos. It is to be expected that ¢harJges wcur the composition of the BOo￿1, rAnicularly itt relation to local authoriiy represenralioE] after lttal electLOlJS occiir. Tbe proc￿ workswell rejaiioll ¢0 5ucb changc& Otherappoinlments a al￿ well nwiaged as the ￿5rd will discuss wherc a new Trnstec& skills ￿ld to the Board's role. lTrd4etion 4Trdtranin%of¢Twlee5 Tht charity has a policy 8nd procedure for tke induction of TNste¢s and yo1￿￿teerS trailliug is pnwithd ay and whe r¢quired. Employ¢e remunerdtion is set by t￿ *nJ5tee5 at I￿steemeetift￿. The charity 1% inderKlldent and $oletyrnanasedby itsTn]aees the museummanageris resEN)ns&ble forthe day to day op¢rations but 18 oycrswi by a named trnst¢ Rlsk MaFweMt The Trust¢¢s have a dllty to identifv and review the risks h) whith the thority ix expoBed Al￿ to qnEure ttppropri4t• Louttols plaee to PTovi& reasoMbJ¢ assurarKe a8aiJTrst fraud alld error. A full riska￿s￿¢￿ has caffieAJout aDd is moniioredmonthty. Page 4 The Chardon Trnst (IJAndudllo Museum) Trustees, Report (continued) ClosiKgrem4rks Ll*dudnts Museum and Gallery continues to nourish as & hub for heritsge, l¢arning and intlu5ion. Th¢ strength or our volunLeer te2m, tbe creatiysty of otsr pn)gramming and tbe trllst (>f our community allowts us to make a real difference. We remain dedicated lo deepenillg our COtsUllUllity r(x>ts, eJth8txLiAg e(lUc￿l0j￿l impact and p￿serVIllg LIan(luth￿'S unique stori¢s for all. Tht anntsal r£pKKt was approv&1 by theltustee5 ofthe clwity ¢)ll... .................2nd Si￿ed on its behalf by". MrP C Evans JP TrLFSt MrsJ RPhillips Tn]sree Page S The Chardon Trust (Llandudno Museum) Trnstees, Report (contAnucd) SlatementofTrustee$' R¢S￿nSIbIlItIeS The IFUSt¢e5arerespoDsible forpreparing the trustees, reportaTrdth¢ fijjancial stafements tnxccordaDcewith the United Kingdotn Ae¢ounting Ststthrds IUnÈt¢d kn'ngdom Gen¢taUy Ac¢ept¢d Accounting Prjcticel aod applicable ]aw and regulations. The law applicabl¢ to chariiies requires the mLSte¢s tOPTepate fina￿1￿] #at¢m¢nts foreoch fina￿181 year which ￿ve a ¢rue aEkd fair view of tbe state of atTairs of the chariiy and of the incoming reSoU￿S and application of resources of the L￿rIty for tbat period. In preparing the￿ finan¢ial ststejnents. tbe trust¢es are r4llitedtr. ¢I￿t suitabl¢ account2ng TM)]iciesandth¢n 2pply tFLem ¢ollsisrelltly.' observe th¢metho¢Js andpincipl¢$ in the Chariti¢s SORP.. make judgem¢rf5 and¢stimatC5 thatare reasonable andprudent state whether a￿11¢ab]e ac¢owiting standards h&v¢ bcctt followe￿ Subject to any material Ikmures dis¢losed d cxplained ID thc fmancial statemettts. aud prepa￿ the fll)*ntial statrmejrts on the goillg ¢oncernba8is unless it Is iijappsopriate to pr¢sume that th¢ ¢lMtty wÉll continue in business. Th¢ trystees alf r¢sponsible forkeeping pN>peraccounting records thatdisclos¢ re4soJable accU￿cY at any time the financial position of the Charity and enable them to eThSUTe that the financial sia¢¢ment5 comply wth the Charities A¢t 2011. the CEwiti¢s (Accowits and Repottsl Regulations 21)08. al￿ the provisions of the collstÈtutio]L Th¢ trusiees are a150 responsiblc for safeguardillg the a5sels vfthe charity and he[￿e fortsking ￿sOnable steps forth¢ prevention and dd¢ction of ￿lld and otkr IT￿guI8ntie$. Th¢ trustees r r¢sponsible forthe mwntejjauce and in*grity of the coJy)rdte and fit)encial infonnation included on the chwitable company's w¢bsite. Legislatjoi) governing the pw)arntion and disseTnination of financi81 statement5 niay ditTer from legislation in o¢her J￿IsdiCtiOn￿ Page 6 The Chardon Trust (Llalldudno Museum) Indepelldent Eiaminer's Report to the tru5tses of The Chardon Trnst (Llandudno Museum) I report to th¢ trustees on my exatn1tLqtii￿ of the accounts of TFte ChAtdou Trust (Llanaudjx) Museum) for the year ¢lld¢d 31 March 2025. Responsl1Ailll￿ #nd basis of report Ab. the Charity tru5tee5 of Th¢ ChaTdoD Trust (Llan4qudN) Museum) you are res￿llsiblc fw th¢ pwlion of the accounts in accordan¢e with the req￿IreMentS ofthe Charities Act 2011 ('the Aot'}. I reFK)rt in respcct of my eXaMi￿tiOn of the The Chardon Trust {LIa￿]ud￿0 MuseutDI 's ac¢oLutts canied out und¥Y secuon 145 uf the 2011 Act and ill canying out my examination I have folli)wed all thc appli¢abl¢ DI￿Gti01)s given by the Charity coinm1ssi(￿ uttder se¢tion 145(SMbl of the A¢L Independenteiamlner'5 statement I have Lompleted my ex8[lli￿attOL I cojjfirm thai no material tnatiers have c(Mne to my attention ill connection with the examination 8iNing m¢ cause to believe that in ally mat¥ial JESP¢CI'. l. ￿￿￿ntillg record5 were Trot in respect of The ChardollTrust (L]an(ludrLO Museuln) a$ requiredby sectioll 130 of the Act; or 2. the accounts don(k accord those ￿ords. ( 3. the ac£owts do noi ¢(trmply with the accoutlting requirements ¢OllCCrniDg the forni and content of *counts set Lbut in Lhc Cbariiie5 IAccounrs and RcpoTts) Regulations 2008 oihErthan any requ1￿Mentt￿a[ the accounts give a 'ttue #lld fair TrieW which is t)ot 2 matter con#deLtd as part of an itid¢wdent ¢x8llJiD&tion. I have no conLetns und tMv¢ Come across no other matrers in contLCCtion the examination to fflthich att¢￿￿ should be drdwn its this i¢port in order to enable a proper UTthtsndin¥ of the accounts w b¢ r¢ache(L aTe ndcnt Exarnin¢r u81￿$ Ltd Selby Towers 29 Prillces Drive Colw>n Bay North Wales LL29 8PE Pusc 7 The Chardon Trost (Llandudno Musewn) Statement of Finanefial Activities for the Year Ended 31 Marth 2025 UArestri¢¢ed fundg Restrfeted Total 2025 Note Income and Endowmenls from: Dong4tions and legacies Charioble actiMti¢s Othertrading ¥￿t￿tieS Investm¢nt i￿orne 1299 10,5(Kl 39,735 339 2,299 45.631 39.735 339 35,131 Totsl incornc 52.873 35,131 8&004 ExpeDdlthre ort: Raising funds Charitable a¢tiiiti¢8 (644) (2,756) (560) (79.835) (77,0791 Total expendi {76,9951 (3.4(MJ) (80.-195) N¢t le4￿L￿ture￿ll transfers between fvnds (24.1221 8.(V)7 31.731 (8,097) 7,609 Other recognised xalmand lo othergai1￿10sSeS (119) (119) Net movement itt fi]nds 116.144) 7.45Y) ReconcIllatio￿ of fryDds Total fimd5 bri)ught f(Kward Total fi￿dS fotwaDJ I,(A14.491 1.605.468 1.588.147 24,611 1,611958 Thenotts on pag¢s I I to 23 forni anintegral part ofthe5e financial statemenl Page 8 The Chardon Trust (Llandudno Museum) Statement of Finan¢lal Aftlvities for the Year Ended 31 March 2025 (continued) Tntgl 2024 funds Note ltteome and End•wn*ni$ (rom: Dortation5 and legactcs Charitabl¢ a¢tiWti¢5 Othcr trading activiti¢5 Investment itKom¢ 3ff2 23.51M) 30,969 534 302 27252 30,969 534 3,752 Totsl tnco]r 55,305 3,752 Expellditure on: Raising fth¥Js Charitable activitit$ 4.243 (109,3921 4,243 (110.055) (663) Tot¥1 expcndiiure GainQiosses on inv¢stmenl &￿5 (105.149) 977 (663) 1105,81? 977 Net lexpetLdiNteyI]￿ll Gr05s transfers futtds {48.867) 2,114 3.089 (2.1 E4) {45,7781 Net mov¢tllent ill funds (46,753) 975 (45.7781 Rec•llclllAllon of fqnds Total ftthds brought fon¥ard Totsl fiuthcarried fonvard 1,651,246 1.65 1246 20 1,604.493 975 1,605,468 Th¢ kn OnPAges i I tt> 23 forn? 8n iyt¢gr&J ￿rtof these financial statrnt% Pag¢ 9 The Chardon Trust (Llandudno Museum) (Registration number., 217013) Balance Sb¢et as at 31 March 2025 20ts 2024 Flxed asyts Tangtble assets Investh]ents 12 13 1,649.929 1.650.877 18225 1,669,102 1,649,929 Currtnt asgets 14 15 16 4,327 6.168 31.629 4243 763 Debtors Cash at bank and in 42.124 16,920 Creditori: Amounts fAllKug due wi¢hin one )'egr Net current assets 17 (9.095) (10,554) 33,029 6,366 Totsl Assets le55 current ligblmties 1,681958 1.675,468 170,0001 Creditors: Amounts (￿ill% due aftermore thallone yesr Net assets 18 {70.(y)O} 1.612.958 1.605,468 FuDds of the clwity: Re8tricted Income Restrirted 24,611 975 Unrestricted Income futtd$ u￿￿estricted fio 1,588.347 1.604,493 Total fllnd5 1,612,958 1.605,468 The fina￿la1 Statell￿ts on pages 8 tr) 23 were approv¢d by the tTu#ec4 and authorised foT issue on........ attd siBu¢d oll their bebalf by.. Mr P C EvansJP Th]￿te M￿j RPhillips The notes on ￿8¢$ I I to 23 fol￿ an illtegral p8ttof thesc finmcial stat¢ni¢llt& PAg¢ 10 The Chardon Trust (Llandudno Museum) Notes to the Finandal Statements for the Ye*r Ended 31 Mgreh 2025 l Ae¢owitlng poliei¢s St4temeAto(compllJnce The financial tsxatements have been p￿a￿d in accordance with the w'ond edition of the Charities Stat¢ment of Recoll￿De￿￿ed Practice issued in October 21J19. the Financial Reporting Standard applieable in tlLC UDitcd Kingdom and Republjc of Ir¢land (FRS 102) aod ttse Ch￿ltieS Act 2011. Basis of prep8rnlAo The Chard¢)n Trust (Lttndu¢Jno Museum) meets (be d¢fJniiion ola public benefit et)Éity U￿IerFRs 102. The aCco￿lI (fLThancial statements) hal'e brcn prepared Under th¢ historical Lost ¢onvelltioD with i*mB recogJllsed at cost or transarlion valuc wl¢ss otherwisc slateit in the relevant not¢(sl to these ￿CoUnt$. GolNg£onttr The trll5ttt￿ hav4 at the date of app￿ving thesc fittan¢ial ststements, a rwonable expectation that the Charity h8$ adwuate resour¢¢5 to contillue ill Operntiollal exi5tcnce for th¢ forc5e¢able fuwre. Thus they continue to adopt the 80in8 Colltern basis o[accoR￿ling inpteparwg tlLese fujancial sÈLtemenik Income •nd endoi¥mc￿ts Volunrdry iTtcomt in¢ludillg donations, gifts, legacies alld grdnts that provide core funding or are of a gellernl TTraturc is recognised whcn the charity has entitlement lo the incom¢. it is probable that t￿ income will be received and th¢ atoount can be Jneasut¢d with suffieielll ￿liabIlity. Dona(ions and legacies are r&ogmsed on a receivable basis whett receipt is probable and tbe amount can be reliably Leasured. her¢rndinguclivrf¥es Revenuc is rcredorded on a recce1V￿ basisnet of taxes. IKves¢meN¢¢ncoJMe Dividends are FecognTrsed on¢e the dividend h&$ been dvlatrdand notification has ￿re1ved of the dividettd due. ExptndithTC All expendit1￿¢ is reLogni5ed once there is a legaR or Co￿￿truC￿Eve obligatioll to ext£nditw it 18 probablc s¢ttleMent is Tequijrd and the amount can be meAsur¢d reliably. All costs are allocatrd to the applicable expenditUEf heading thaÉ a_ogrcgate similar ¢osts lo that category. IlTrre costs ¢￿0t be direcily atrribu*d to partscu]ar headings they have allncated s) LQIlSjStcDt witb the uqe ()fTe￿I]rEe￿. wi*h cÉttts&l 21fvoteJ the of time spetyi. and depreciation charges allo¢ated on thc portion of thr asset's use. Other 5UPPOrt ¢(Jsts are allocated based on the spread of stsIYcosL8. Pagell The Chardon Trnst (Llandudno Museum) Notes to the Financial Statements for the Year Ended 31 March 2025 (colltiDued} Rai5in¥fvtt These are cosi$ in¢uTred illatrraciing voluDtary income, the managernet)¢ of ¥nvesfnJents a￿1 those incurred in trading aclivities th* tsi5¢ bjnds. Cht¥riiablÉAdiiryties Charitable ex£KnditL￿e compris¢s thoK ctssL$ incutred by thc charity in the delivery vf ils aCti￿tieS and 5eTrices for its teneficiari¢s. It tpcludes both co￿5 thai can b¢ dl(tated direcdy to artivities alld those ¢o&ts of all iudirE¢t ttature nec¢ssary ￿ support them. CovernAntÈeDsts Thcse include the ttssts atiributsble to the chariry's Cowllian￿ with coJJstiWtioBal and 5tstytory requirem¢ni& including audi¥ stsats8i¢ managemeni and trustees IT￿etingS and Jyimbursed expenscs. T￿atio ThL Ch￿]ty is cimsxlercd to pass the iests Set out in Pardgrdph I Schedule 6 of the Ftjwice Act 2010 and thereforc it meets the definition ora chaTitablc cornp8ny for UK COTporation tax pwpose& Ac£ording]y, the charity is poienlially exempt from tsxation in res￿¢1 of iDcome or capilal gaiDS rLxeived within categories covered by Chapier 3 Part I l of th¢ COr￿)ratiOn Tax Aci 2010 or SeL'tion 256 of the Taxation of Chatgeable Gains Act l992, to the extent that such income or gains are applied cxclusively tt> thaTstsbl¢ purposes. T*Thgible r￿ed A$S¢ts IDdivRduat fixed as5¢ts tnitiaILy ￿Orded at cosL less subsequent accurnu]atcO depreciation and subsequent aeeumthated impairniejii It￿es. D¢pre¢iatioD Y4nd amtirtisation Dq}r￿]atioD is provid¢d on tangibl¢ fixed a5S¢ts so is to WTit¢ off the cost orvalUatio￿ 1¢5s any estiJnat¢d widual value, over theIr¢Xp￿l¢d ￿tfUL ec(moTtllo lif¢ ￿ follows.. Land and Bwldings llL*depreCl￿d FiXtu￿S and fittings Ikpreci*edat 2￿￿reduC]ng bdance Fixe4J as5etÈnvestmonts Fixed asset invgstmellt% otb¢r than progran]me related investttJe#rs. #re tncludcd ar mArket value atthe balart¢ shtct date. Rcalisedgatn%and lo$ses(m invest￿entS aTe LalcuJ*cd as ihe (lifferencebetw¢¢n sales proceeds andtbeirTnark¢t value ai the start of the year. or their subseq4TenÈ eosL and are charged or ¢rtdited to the Statement of FiEJancwl Activities tn the period of dis￿1￿]. unrealis￿ gains and lo*ses repTEseTrt the movement in market values during the yearand are cr¢dikd tsr chaT8ed to lh¢ Statement of Financial Activiues ba*d on the market value ai the year en(L Page 12 The Chardon Thi$t (Llandudno Museum) Notes to th¢ Financial Stat¢mcnts for the Year Ended 31 Ma￿h 2025 (contlDued) Stock SL()ck 15 valuedai the low¢r of cost and e$tima¢ed %¢lling pnce less costs to cornplete aDd sell. after thle regard for obstslete and slow moN'ing stocks. Cost is detetmitted ￿]ng th¢ first-in. litst-out Irii.-01. TrAde debtors Trade debtots amouots du¢ froED Gustomers formerthgndi5c sold orsenTit£s ￿rfOrmed itt IKdinary course or business. rrade debtors ar¢re¢oEni8edinitially atth¢ transaction price. Theyare subsequetttlyme&8ured at3n￿tI5ed cosl wing tlie effeLtii'e inleie51 ￿ethO(l pruvision for it)Jpaimielll. A provision for the impairnicnt (Trf trade debtors is established when thety is objective evidet*¢ that the ebarity will nvt IK able to collect all amounts duc according to the origynal teTms of the Tcceivabl¢> CA$h cA5h equ11￿tlts Cash and ¢asb equivalents ¢omprise cash on hand and call deposits, alhd otber short_temi bigbly liquid investments that are roadily convertible to a known amount of cash and are $ubJ'e¢t to an Insi￿lfICant risk ofchange in value. TTAdecreditors Creditors are (bligatIo￿ to pay for goods or S¢ryi¢ES that have been acquir&1 in the orditkarycourse of busin￿ from supplier& A¢¢ounts payablc ¢tsssified as CLrnt liabilities if the dtts have an unconditional righ¢ at the end of the rerM)ning period, to defer wttlemeni of the creditor for at least hvetve months after the rtportill8 dale. If there is an unconditio]￿1 right to defer settlemerni for at least twelve months &ft¢rthc rcporting date. tjw ar¢ pres¢nted as non0 1.649,929 42,124 (9.096) (70,0001 24,611 34 Uiirestrlcted f￿lld5 Getrral Tot41 funds It .11 &Marth 21J24 RestrEcl¢d Tangible fixed ￿ets Fixed asgct investtnents Cttrrc￿taS5ets Cu2rent liabilities CreditOT5 over l year Totsl ￿ a$￿t8 1,650.877 18,2 15.945 (10,554) (70,(X)O) 1,650,877 18,225 16.920 (10,554) (70,(X)01 975 aL468 975 Page 21 Thc Chardon Trust (Llandudno Museum) Notes to tbe Flnancial Statements for the Year Ended 31 March 2025 (￿ntInUed) 20 Futtds UDrestri¢ted futtd5 Balance at Other l April llltOmiDg Rewurce$ recogtii5ed 2024 resources ewendel Transfrrs gain81(10￿) Balaoee #t 31 Mar¢h 2025 UDrestrlcted funth Uniebtri¢ted lllcome F￿rt 1,604,493 52.874 {76,9951 &094 1,588J47 Re$trfirted funds CC'BC Gnnt- Volunteer trainitsg CCBC Grant Gr¢¢u digilal acadenry cvsc Gwynt Y Mor Rail & Grouttdwo 1.633 (1501 {1,6811 {2391 (1.0681 12631 {1,483) (3.3191 (2J171 1556 24,874 24,611 975 {9751 Total restrkted 975 35.l31 (3.4011 (8.0941 24.611 Totsl fvnds The Specific purposes forwbich the fiJTLds aTe to be applitd are as fo114)WS: LCBC Gtant {voIL￿ tsainin81-Coll¢¢tioll Cat¢andAccess TraillingalldVolw]t¢rs. Rail and Cjroundwork North Wales- Funds prO￿ts to Eetknte social i501ation and improve h¢alth d￿j wellbeittg i th¢ I￿81 C0￿￿￿]1ty. CCBC (irant- Funds tor the development of the museu Green Digital Academy- Funds for the purchase of quip￿ellt for further education CVSC_ Fundg faT the outfittillg of the Lharity's ￿trI￿nteerS G￿t Y Mor- to improvetht engagcEllent oflocal¢oJJtnw)ities 8nd Sllpportillgawar¢ac55-raising events 'rransfers Therc wa5 a transfcr ofa fLxed asset pu￿ba￿d in tbe FcfiLwJ from th¢ restricted to th¢ un￿strI￿d reserve of £2.317 as thc roiidition ofthc grant had be¢n fully ￿tisfI¢d by the balmcc shL*t datL. Tliiic wdts 41by iiaiis(tlb LU ¥Icds ilic balaiiLXi vfLll¥ CCBC volw)￿r iraining grdn4 Lne LLkJL gra#t the Kail OL CITouDdwork g[￿t. All the completion ¢onditiork% of th¢8¢ grants have beeD satisfied. Page 22 The Chardon Trust (Llandudno Museum) Notcs to the Financial Ststements for the Year Ejjded 31 M2rch 2025 (continued) Balance #t Other In¢owin& Re￿Ur¢e$ recngnlsed rt50urees expended TraI￿£t$ gath￿{105$e$) Bglance at 31 March 2024 A￿￿1 2023 Unre5tr1etedfunds ener Ullrestricled Illcome Fund 1,651.246 55.305 (105.149) 2.114 977 1.604,493 Restricted Wellbeing Survey Rail & Groundwork FederatioTJ of Muse {1241 975 2.654 975 1540) {2,114) {2.114] Total rutricted funds 3.753 975 Totsl fiEDd$ Pagc 23