Llanelli Town Estste
Trustees. Re
ort and Financial Statements
for the
ear ended 31st March 2025

Llanelll Town Estate
Inde)E
rthè
gar end•d 31st Mareh 2025
Page Nols}.
Independent Examinerfs Report
General Inlom)ation
Reporl of the Tfuslees
Statement of Tru5tees' Rtsponsibilites
Statemènt ol Financial Activities
Balanc& Sheet
7t09
Notes to the Financh?I Statements

Indopendont Exarninoes Roport to the
Tru$t•¢$ of Th• LlaMIII Town E#tsto
I report ¢)n the accounts of the Trust for the year ended 31st March 2025, whkh are set out ¢)n paggs
1to9.
Respective rosponsibilltlè$ of the TNsle•$ and the Examiner
As Ihe Charitys trustees you afe responsible fof the preparab'on of Ihe accounts,. you consider that
the audit requirements of section 43121 of the Chalritres Act 1993 Ithe Act syoes not apply. It is my
r8sponsibility io state, on (he basis ol pro¢e#ures specified in th8 Gan8ral Directions given by the
ch￿ty commiss￿)nerS under section 4317llbl of Ihe Ait, whether any paA%¢ular matters hav8 come
to my attention.
Basb5 01 Ind8p•nd•nt •xamln•rn report
My examination was carrod out Sn accordance with th8 Ggn8ral DirectK)ns givon by the Charity
Comrnissbners. An examination includes a review ol the a¢counts"ng record$ kept by the charity and
comparison of Ihe accounts p￿se￿Ied wilh those records. It also includes considerath"or* of any
unusual item$ or disclosures in Ihe accounts. and seeking explanations from you as Iru5tees
concerning any such malt8rs. The procedures und8rtaken do not wovide all Ihe tsvitYen¢e thal would
be required in an audrt. and eorE5equenUy I do nol express an opinion on tha wew given by the
aeLOUnts.
Independent •xamln*r$ $taltM*nt
In connectK)n with my examination, no matter has come to my attentsoTr".
111 bvhlch gives m8 rèasonable cause to belleve that In any material respect lh¢ r8qulrem8nts
al to keep a¢countlng re¢ords in 8¢cord8n¢e with section 41 of th8 Act., and
bl to prepar8 accounts which accord wilh the accounbng records and to complywth th8
accounting requirements of the A¢t
have not been met.. or
12110 ￿1¢h. in my opinion, attention 5hwld be d￿wn in order to enable a proper understanding ol
the accounts to be reathed.
Derek R Kemp
DCK Accounb'ng Sc4utions Ltd
Unit 1, Uffeott Fafm
Uffcott. Swlndon, Wllis
SN4 9N8
Date.. 6th June 2025

Llanelli Town E5tote
Gen•ral Infor
for the
ar ended 31st kl
h202
Charlty Registration Number
217250
Registered
Llanelli Town Council
The Okl Vicarage
Town Hall Square
SA15 3DD
Trustees
Llanelli Town Council
Signatory lor the Trust
Any Two
Managernent Comlnittee
Llanelli Town Council
Indepelldellt Examiners
Oerek R Kemp
DCK A¢ctsunbng Solutions Ltd
Unil 1, Uflcolt Farm
Uffcott. Swindon, Wllts
SN4 9NB
8ankers
HSBC

Re
rt of the Trustee
for the
ear en
1$
h202
Tha Trustèos prtrsont tholr Report and FinanrAal Statements of the charity for the year eHded 31 March 2025.
Con
The charity is govemed by 8 d6finrtive Trust Deed, namety an Inclosure Award d8ted 241h October 1810.
Th8 Trust is registered as a charity under number 217250.
F￿ the general beneltt ol the port and town of Llan811i
The ra5￿t5 forthe year arts set out in the Statement of Financi81 Activities on pa98 5.
TrusteeB
Membevs ol Uanelli Town COU￿11
Dated..
Tru$t••
Tru*to0
l*/iizr

Llanelli Town Estat
ststement of Trusteè'¥ Re
for the
ear ended 31st Mar¢h
UrK18r the Chari*'es Acl 1993, the Trustees are ￿quired lo=
Keep prop8r accounting records which disdose reasonable accuracy at any timo the finanual
position of the char¢ty.
Prepare financial statements for each financial year wfiich give a Irue and lair view of the slate of the
charills affairs ar¥J of It5 $¢Jr￿u$ or defi¢il for the year and comply with the fegulations made by th8
S￿retary ol Stste.
In PTepar4ng those financ￿1 statemen1$. the trusl88s ar8 r8quired to..
select suitable acmuntiry pdiri85 and Ihen apply them ¢onsistenly
make judgen*nts and estimates that are reasonab￿ and prudent
sl818 whether applica1￿8 accounting standards hav8 been followad, subject to any matenal departures
disdosed and ex￿alned in Ihe financial slalemenls an¢J whether the finanu81 statements have been
PrePa￿d in a¢¢ordaACÈ wlh Ihe Staterftent of Recomrnended Pra¢tiee. Accounting by Charities, issued
by Ihe Charity CoTnTn155I0n.
pre￿re th& financtal st8lements on Ihe goSng conc4rn basis unless it is appropTi81e to pre5umo that Iho
charity will ¢onlinue in operation.
The Truslees are also responsible saleguarding the assets of the charity hor￿ for taking ￿aSonable steps
fot the prevenb"M and detection of fraud and other iFregularilies.

111 Town Eslats
t•men
Iv
ear end•d 31st Marth
025
Notes Re$trl¢t¢d Unr¢$trld•d
Funds
Funds
Funds
2024
Investment IKome
In¥8strn8nt GainsllLosstssl
Movernenl on Investments
Freehold Salgs
Baak Ints￿$t ReceNgd
Oth8r Income
66,447
66.447
130,098
64,562
10,006
2,653
62.681
119.2291
1178.7771
29,450
794
3.228
130.098
64.562
10.006
2,653
194.660
276,666
101,853
Direct Charitable Expertdit￿
Movernent on Investment
22,550
2,437
24,987
95.758
Z2,550
2.437
24.987
95,758
Net Incomi
R050
172,110
79,569
251.679
1197,6111
Other Re¢￿Tri$ed Gatns & Lo$8es
64.562
64.562
178.777
Not Movom•nt In Funds
107.548
79,569
187.117
118,8341
alances at 1st April
2.438,687
132.003
2.570.690
2,589.523
BalarKes at 31sl Ma￿h
2,546,235
211,572
2.757.807
2.570.689

Llanelll Town Estate
Balance Sheet
at 31st Maich 2025
2025
2024
FIX
d Assets
2.778,316
2.788.271
Current Assets
Lon9 Temi Loans
Oeblors & PrepayTThents
Cash at Bank General Fund
Cash at Bank Restricted Fund
12.045
206,630
64.716
11.938
127.841
10,9Y8
283,391
150.757
Credllor5
Amounts falling wthin one
yèar
975
850
Nr*t Current As$ets
282.416
149,907
3,060,732
2.938.178
Restricted Fund5
Capilal Re5etve Account
Unre81is8d GainsllLossesl
2.546,235
302.925
2.849.160
2.438,687
367,488
2,806,175
Dr
Rev¢nue Account
211.572
132,￿3
3,060,732
2.938,178
These financial statements were approved by the Tru5tee5 on
1417iz¥
Tntste8
Trusiee

Llan•lll Town Estates
Notos to tho A¢c
unts
for th•
4r
1 t Mayeh 2025
ou
Accountlng cOn￿ntIOn
Thes8 Accounts have been wep4red the basi$ ot hi$tori¢ cost lÈxcept that inY8slment5 3re
shown at market value) in aceordance with Accounting and Reporting by Charities- Statemeni
ol ReGOtnrnended Pra¢ti¢* ISORP 20051.
INCOMING RESOUR¢ES
R¢¢tynlUc+n Of Incomlng R•source8
These ar0 induded in tho Statement of Financial Acti¥￿e$ ISOFAI when..
the charty becomes entitted lo the re50urces'.
th8 Iruste&s afe virtualty certain they will receive the re$our¢e$', and
thg monetary Yalu8 can bè Measur￿ with sufficient ralk8kn1ty.
Incomlng Rosourcol wllh Rg141od Expondltur•
Wher8 incoming resour(￿ have related expenditure Ihe Incoming resources and rola18d
expendlture are rewted gf05S in the SOFA.
In¥g$tmwt Incomo
This is induded Sn the arlounts when reeei¥abl8.
I￿￿¥1m*nt G•lns •nd Los$•$
This includes any galn or loss on the $818 of Investments and any galn or loss fysulting from the
rava￿￿r￿j of Investments to market valu8 at the year end.
EXPENDITURE AND LIABILITIES
Llablllty R•cognltlon
LlabUltle$ are re¢ognised as sc¢)n as th8re is a *gal orcon5tru¢twe oblh)ation ¢ommftbng Ih8
charity to pay out resources.
G•¥•mance Costs
Indude the costs of preparabon and &x8mination ol statutoryaccounts and cost of any t￿1
advth to trustees on ooveman¢e or ¢wstitulional rnait8rs.
ASSETS
Inve8tmentg
Investments quoted ¢)n a yet￿nised stock exchange are valued al Ma￿et value at the year
end.

Ll
Ib Town Esta
Notes to tha Finanelal
tat•m•nt$
for the
ear ended 31$t Mar¢h
Rostrict￿ UMrÈstrieted
Fund8
Funds
Total
FuDd$
2024
Othor Incon78
Rental & Other Income
82.006
82,006
82,006
82.006
96,153
96.153
Olrect Charitable Ex
endit
Repalrs and Mainlenance
PTofe5s¢onal Fees
MiS￿lIan¢0￿3 Expenditure
Portfolio Managemènt Fees
Grant to Town Council
Grant to clear loan SC
2,325
112
2,325
112
22,550
3.159
528
17,071
75,000
22,550
22.S50
2,437
24,987
95.758
Invèstments
2025
2024
Cosl at 1st April
2,420,783
2,444,247
N&t rnovernent in the year
54.608
-23.464
Carrwng amount al 31 $1 March
2,475,391
2.420.783
Portfolio Valu8tion al 31st MaT¢
£2.778.316 £2.788.271
F**$ for ExamFnation of the Accounts
2025
2024
Independent exarninors fees for repotti￿ on the accounts
other fees pa*Y lo th& examiner
700
1,110
600
708
1.810
1.308
Staff Costs
The charity had no empknyees diJr¢ng Ihe year
Tangible Fixed Ass•ts
Th8 charity had no tangiNe fixed assets
D•btors and prepaymgnt5
Amounts fallln
wilhln one
due
ar
2024
2025
Trade Debtor5
Long Term Loans
p￿paYmentS and Accru8d Income
12,045
11.938
12,045
11.938

elll Town E8tate8
es to tho Flnanelal Stat•m•nts
•nd
St
ors and Accrua15
Arnounts fallin
wlthln one
2025
due
ear
2024
Trade Creditors
Other Creditors
A¢¢ruals
Llanelli Town CouncikBalance ol Funding
975
850
975
850
2025
2024
ital R858rYe Acc
As at 1st Apnl
SurplusllDeliatl lor tho Year
As at 31$l March
A¢Jd.'UnrealSsed GainllLossl
unt
2,438,687
107,548
2,546,235
302,925
2,474,987
-36.300
2,438,687
367,488
Total Fund at 31 Mafc
2.849.160
2,806.175
nreBtrlcted Fund*
2025
2024
Revenue Account
AS at 1st April
Surpluslloef￿￿I for the year
232.009
79.569
214,543
17.466
As at 31 March
311.578
232,009
12
al sls of
et5
etwoen Fund$
Restrl¢tgd
Fund$
Revenue
Fund
Total
2024
Fund Balances at 31st March 2022
Represent￿ by'.-
Invtstmenls- cost
Investments- unre81i$ed gainllk)ss
Long Term Loans
Debtor5
Cash al Bank
Cre(*itor5
2,475,391
302,925
2.475,391
302,925
2.420,783
367,488
64,716
0.00
206.630
19751
271.346
19751
138.819
18501
2,843,032
205,655 3.048.687
2.926.240

LLANELLI TOWIN ESTATE
IRegÈstration Number 2172501
ST
TRUSTEES, ANNUAL REPORT FOR YEAR ENDING 31 MARCH 2025
Trustees
The Trustees of the Registered Charity known &s Llanelli Town Estate comprise the twenty two
eleeted CoLÉncillors (for the time being) of Llanelli Town Council.
OtTicers
The Chairnian of the Trustees is The Town Mayor (for the time being) of Llanelli Town Council.
and the Secretary to the Trustees is The Town Clerk (for the time being) of Llanelli Town Council.
Statutory Authorlty
An Iiiclosure Award, dated 24, October, 1810 which provides (inter alia) for income to be applied
"in improving the Town and Port of Llanelli."
Investment Portfolio
HSBC Private Banking, HSBC UK plc, 8 Cork Street, London, WIS 3LJ acl as professional
adviseTs and brokers managing the Investment Portfolio of the Town Eslale, which represents
accumulated income from sale of lands. freehold reversionary interests. etc. The market value of
the Portfolio at the 31, March 2025 amountcd to £2,855,078.
Ineome
Income to the Charity is derived from th¢ following sources, viz'.-
Sales of freehold reversionAry illteresis.
Dividend incom¢ from investment portfolio.
Ground rentals from leasehold properties.
Allotment garden5 at Lower Trostre Road.
(a)
Ib}
(c)
(d)
Expendfiture
Heads of expenditure illclude'.-
(a)
(b)
Legal Professional Fees of Ihe Eslale.
Investment Portfolio management fees.

Property
Thc property compri8inbr Ihc Llanclli Town Esiatc as of. 31 ' Mar¢h 2025 is as follows.'-
{a)
Ninc Icaschold intcrcsts. viz-_
Address
Annu¥l Ground Renl
No. 12 C.oniish Place
No. 13 Corni81i Place
No. 14 Cornish Place
No. 20 Cornisli Placc
No. 9 GlandafLn Road
No. l O Havelolk Strcet
No. 13 Ropewalk Road
16.00
1.3.00
4.00
4.00
8.50
1.34
1,1 10.00
(b}
DLbringi thc ycar, lh¢ frechold of 80 Ropcwalk Road was sold to Ihc lcascholdcr with
£4.896 coiiscquLnily rcccivcd into thty Trust.
During the year, Il?c frecliold of 3 Ilavelock Sireet was sold io the leaseli()Ider willi L5,110
con8eqULYltly rcccivcd into thc Trust.
(cl
It was not i)ec&ssary lo make a grant Ic) Lldnelli Town Council during ihe acLiiuiiling period.
Arfon r)avies.
Secret
to 'l'hc Trustees