REGISTERED CHARITY NUMBER: 218121
TRUSTEES, REPORT ANO
UNAVDXTED FINANCXAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
FOR
LAUGHARNE CORPORAnON LANDS
Llewelyn Davie5
Chartered Accountants
Yefverton House
st John Street
Whltland
Camiarthenshlre
SA34 DAW

LAUGHARNE CORPORATION LANDS
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
TRUSTEES
Matthew Thomas ( Portreeve I Chalmian)
Anthony )ame51 Foreman I
Jeffrey Downes
Keith John
stephen Allsopp
Gareth Scourfield
Mohammed Elgamhari
Clive Roberts
Ben Uoyd
Tom Lloyd
Leonard Brown
Clive Rees
John Pearce
Gavln John
Morgan Lewis
Davld Krlpps
Denzll Brown
lan James
Patrlck Brace
Brian Roberts
Wayne Watklns
Jeffery Evans
PRINCIPAL ADDRESS
Laugharne Corporatlon
Town Hall
Laugharne
Camiarthenshlre
SA33 4SA
REGIsfERED CHARITY
NUMBER
218121
IMDEPENDENT EXAMINER
Uewelyn Davles
Chartered Accountants
Yelverton House
St John st￿et
Whitland
rmarthenshire
SA34 OAW
BANKERS
Bardays Bank PIC
Carmarthen Btsnch

LAUGHARNE CORPORATION LANDS
TRUSTEES. REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The tnjstees have pleasure in presenting their ￿ptsrt and the unaudited financlal statements of the
charfty for the year ended 30 September 2023.
TRUSTEES
The TNstees have served throughout the year. Appointment of trustees 15 governed by the rules of the
orlglnal charter of 1297 which have more recentty been established by a scheme ag￿e1 under the
Charltles Att 1993 on 27 May 2003.
LEGAL STATUS
Laugharne Coryjoration Lands became a reglstered d)arity 1218121) on 26 September 1963. By
agreement wlth the Charlty CommIss￿n the powers of the charlty We￿ establlshed by a scheme ￿reed
under the Charities Act 1993 on 27 May 2003.
OBJECTIVES
The oblectfves of the Corporatéon are:_
(l) The relief of poverty, old a9e, dlsablement and slckness among the inhabitants. (2) The
advancement of educatlon amono the inhabltsnts. 131 The provislon and 5UPPOrt, In the
Interests of soc￿1 welfare, of facilities for the inhabitants. with the objett of impmvlng thelr
condltlon of Ilfe. 14) The provfsion of publlc amenlties of a chafitable nature for the benefit of
the inhabitants. {5) The preserVa￿On and conservatlon of bulldlngs and land that 15 of
ar¢hitethJral, historical, saentlfic or educatjonal merit, or, on the case of land, is of
outstandlng natural beauty, for the benefit of the Inhabltants, {6} Such other Cha￿tab￿
purposes wlthln Laughame or for the general benefit of the inhabitsnts a5 the Grand Jury of
the Court Leet and the Court Baron of Laugharne Corporatlon from tlme to tlme thlnks fit.
ORGANJSATION
The Burgesses of Laugharne elect a Portreeve to presSde over the Grand Jury to administer the affairs of
the CorporatSon. The Grand Jury consists of twenty one Jurymen. The Portreeve and the Jurymen are the
trustees of the Ctyporatlon, A recorder 19 appolnted to asslst the P0￿eeVe In the admlnLstration of the
Corporation.
FINANCIAL CONTROLS AND DEVELOPMENTS
The Grand Jury meet twi￿ a month, fomial mlnutes belng kept by the Recorder. For many years the
Corporation has charged very low rents and some of the leases were considered to be perpetually
renewable. Within recent yeats the Corporatlon Sollcltors and the Cha￿ty Commlssloners
have
establlshed the legal posltlon regarding Corporatlon leases. Leaseholders galned the opporbJnlty under
the Leasehold Refomi Act to acqulre the freehold of the leasehold property.
The re5erve5 of the Corporation were invested in NatiC*nal Savings Investment Bonds, the Jurymen have
Instltuted a process to revlew the investment and management of ￿ServeS. From 2009110 onwards the
Jurymen have dedded to acqulre sU￿able freehold propertles In Laughame. To date, seven propertles
have been a￿UIre¢l at a totsl cost of £955,76S and have been revalued to £1.550,000 {2022
£1.550,000) In accordance wlth UK GAAP and are Included as Flxed Assets.
FINANCIAL REVIEW
There was a surplus of £13,87612022 E119,196) In the year.

LAUGHARN£ CORPORATION LANDS
TRUSTEES. REPORT
POR THE YEAR ENDED 30 SEPTEMBER 2023
RESERVES POLICY
The General Reserves at 30 September 2023 were £1,048,55412022 - £1.034,678)
The Revaluatlon Reserve at 30 September 2023 was £594.234 (2022 £594.234) taklng the trtal
reserves to £1,642,788 (2022 - £1,628,912) at the balance sheet date.
RespoNSIBILITIES OP THE TRUSTEes
To comply wlth the duty In Sertlon 4 of the Chat1Ues Act 2011.
To pay due regard to publlc benefft guldance by the Commisslon.
To make donatlons to local organlsatlons $u¢h as the church, Schools and a cholr. to support a hall whSch
holds varlous events throughout the year.
To asslst 5POrts clubs and sportlng artlYltl¢s, and the comrnlttee responslble for the upkeep of the
chlldren's playln9 field.
In additlon to the donatlons. money has also been spent on a Slte of Specffic Sclentlfic Interest on
Corporatlon land, wlth asslstsnce from the Countryslde Councll for Wales.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charlty Is controlled by Its governlng document, a de¢d of tsijst and Constitutes an unlncorporated
charlty.
Approved by order of the board of trustees on
by:
/.F./6./2.¥,..........
and slgned on Its behalf
Mr N G Thomas - Trustse

INDEPENDENT EXAMINER'S REPORT 70 THE TRUSTEES OF
LAUGHARNE CORPORATION LAIIDS
Zndepend•nt ex•mlner'• r•port to the trnstee$ of Laugharne Corporatlon Lands
I report to the charfty trustees on my examlnatSon of the accounts of Laughame Corporatlon Lands (the
Trust) for the year ended 30 September 2023.
Responslbllltles and basls of report
As the chartty trustees of the Trust you are responslble for the prepara￿On of the accounts In aecorclance
wlth the requlrements of the Charltles Act 2011 ('the Act,).
I report In respect of my examlnatlon of the Trust's accounts carrfed out under Sectlon 145 of the Art and
In ¢arrylng out my examlnatlon E have followed all appllcable DIrec￿on$ glven by the Charfty Comrnls$6on
under Sectlon 14515)(b) of the Art.
Independent examlner's statement
I have completed my examlnatlon. I Conflm) that no materfal matters have come to my attentlon In
connertlon wlth the examlnatlon glvlng me ¢ause to belleve that In any materlal re¥pe¢t:
accountlng records were not kept in ￿$pert of the Trust as requlred by Sectlon 130 of the Att", or
the accounts do not accord wlth those records. or
the accounts do not comply wlth the appllcable requlrements concemlng the fom and content of
accounts set out In the Charf£les (Accounts and Reports} Regulatlons 2008 other than any
requlrement that the accounts glve a true and falr vlew whlch Is not a matter consldered as part of
an Independent examlnatlon.
I have no concerns and have come across no other matters In connectlon wlth the examlnatlon to whlch
attentlon should be drawn In thls report In order to enable a proper understsndlng of the accounts to be
reached.
Nr C R John ACA FCCA
Llewelyn Davles
Chartered Accountants
Yelverton House
st John Street
Whltland
Carmarthenshlre
SA34 OAW
Date:

LAUGHARNE CORPORATION LANDS
STATEMENT OF FINANCIAL ArnVITIES
FOR THE YEAR ENDED 30 SEPTEMBER 2023
2023
un￿$tr￿tted
funds
2022
Total
furK15
Notes
INCOME AND ENDOWMENTS FROM
Donations ènd legaties
8.731
8,505
Other trading activities
Investment Income
729
62,516
4,530
52,961
71,976
65,996
EXPENDITURE ON
Ra155TrJ funds
58.100
65,081
Net galns on Investments
118,281
NEf INCOME
13,876
119,196
RECONCILIATION OF FUNDS
Total ￿ndS brought ft>rward
1.628.912
1,509,716
TOTAL FUNDS CARRIED FORWARD
1,642,788
1,628,912
The notes fom part of these flnandal statements

LAUGHARNe CORPORATION LANDS
BALANCI $HeET
>0 sepTtMBIR 2Q23
2023
Unrestrfrted
fijnds
2022
Total
funds
Notes
FIXED ASSETS
Investment property
1,550,000
1,550,000
CURRENT ASSETS
Debtors
Cash at bank
2.482
105,342
86,786
107,824
86,786
CREDITORS
Amounts falllng due wlthln one year
(15.036)
(7,874)
Ner CURRE14T ASSETS
92.788
78.912
TOTAL ASSETS LESS CURREKr
LXABILZTIES
1,642,788
1,628,912
NEf ASSETS
1,642,788
1,628,912
PUNDS
Unrestricted lunds:
General ￿nd
Revaluatlon Reserve
io
1,048,554
594.234
1,034,678
594.234
1,642,788
1,628,912
TOTAL FUNDS
1.642,788
1,628,912
The fln
nclal statements were approved by the Board of Trustees and authorlsed for Sssue on
.adAAt................. and were slgned on Its behalf by:
Mr M G Thomas - Trustee
The notes fomi part of these flnanclal statements

LAVGHARNE CORPORATION LANDS
NOTES TO THE FINANCIAL STATEMEifrs
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES
Basls of preparlng the financlal statements
The flnanclal statements of the charity, which is a public benefit entty under FRS 102, have been
prepared In accordance with the Charities SORP {FRS 102) 'Accountlng and ReportlThJ by Charltles..
statement of Recommended Pracilce appllcable to charlttes preparlng thelr accounts in accordance
with the Financial Reportin9 Standard applicable in the UK and Republlc of Ireland IFRS 102)
(effective l January 2019)., Financlal Reporting Standard 102 The Finandal Reportlng Stsndard
appllcable In the UK and Republic of Ireland, and the Charities Act 2011. The financlal statements
have been prepared under the historical cost convention, as modified by the revalUa￿on of certaln
Income
All Ino)me Is recogn15ed In the Statement of Finanoal Activities once the charlty has entltlement to
the funds, It Is probable that the Income will be re￿iVed and the amount can be measured rellably.
Expendlture
Liabilities are retognised as experKllture as soon as there Is a ￿gaI or constwctive obllgatlon
commlttlng the charty to that expendlture, It Is probable that a transfer of eccsnomlc benents wlll
be requlred In settlement and the amount of the obligation can be measu￿￿ ￿lIablY. Expendltu
Is accounted for on an acryuals basls and has been classlfied under headings that aggregate all
C05t related to the category. Where costs cannot be dlrectly attrlbuted to particular heading5 they
have been allocated to activities on a basls conslstent woth the use of resources.
Investm•nt prop•rty
Investment property Is shown at most recent valuatlon. Any aggregate surplus or defltht adsong
from changes In falr value is re￿gniSed In the Ststement of Financlal Acuvltles.
Taxation
The Cha￿ty Is exempt from on Its charitable artivitie5.
Fund accountlng
Unrestritted funds can be used in ac¢tsrdance with the cha￿tsble objectlves at the discretion of the
twstees.
Restrlcted funds can only be used for particular restricted purposes withln the objects of the
charlty. ReStrtttl0r￿ arlse when speC￿le1 by the donor or when funds are Trlsed for particular
restricted purposes.
Further explanatlon of the nature and purpose of each fund 15 induded in the notes to the flnanclal
statements.
OTHER TRADING ACTIYITIES
2023
2022
FundraisiNJ events
729
4.530

LAUGHARNE CORPORATION LANDS
NOTES TO TME FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
INVESTMENT INCOME
2023
2022
Legacy rents ￿￿1Ved
Investments Interest
Investment propertles rent
14,151
8,709
37
44,215
48,362
62,516
52,961
RAISING FUNDS
Investment managem•n¢
2023
2022
Rent collethon
Property repalrs
Support costs
2,750
9,829
45,521
2,653
7,575
85,891
58,100
96,119
TRUSTEES. REMUNEIiATION AND BENEFrrs
There were ng tnjstees, ￿MUneratIOn or other benefits for the year ended 30 September 2023 nor
for the year ended 30 September 2022.
Trust••s' •xp•nM•
Durlng the year £4,625 (2022 - £4,500) was pald In respect of honorark and expenses to the
trustees and recorder.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
nds
INCOME AND ENDOWMENTS FROM
Donatlons arKI legacles
8,505
Other trading acb"vities
Investment Income
4,530
52,961
Totsl
65.996
EXPENDITURE ON
Ralsing funds
65,081
Net gains on investments
118,281
NET INCOME
119,196
RECONCILZATION OF FUNDS
Totsl fvnds brought forwar
1,509,716

LAUGHARNE CORPORATION LANDS
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTivrrIES - continued
Unrestrtcted
fvnds
TOTAL FUNDS CARRIED FORWARD
1,628,912
INVESTMENT PROPERTY
FAIR VALUE
At i ortober 2022
and 30 September 2023
1.5SO,000
NET BOOK VALUE
At 30 September 2023
1,550,000
At 30 September 2022
1.550,000
Falr value at 30 September 2023 15 represented by..
Valuatk*n In 2018
Valuation in 2019
Valuatlon In 2020
Valuatlon In 2021
Valuatlon In 2022
Cost
3S,600
49,884
104,125
286,344
118,281
955,766
1,550,000
DEBTORS.. AMOUNTS FALLING DUE wrrHIN ONE YEAR
2023
2022
Trade debtors
2.482
CREDrroRS: AMOUNTS FALUNG DUE WThHIN ONE YEAR
2023
2022
Other credltors
15,036
7.874
10. MOVEMENT IN FUt4DS
Net
movement
In funds
At
1.10.22
At
30.9.23
Vnre•tri¢ted funds
General fund
Revaluat(on ReseNe
1,034,678
594,234
13,876
1.048,554
594,234
1,628,912
13,876
1.642,788
TOTAL FUNDS
1,628,912
13,876
1,642,788

LAUGHARNE CORPORATION LANDS
rioTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
10. MOVEMENT IN FUNDS- continued
Net movement in fund5, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
In fund5
Unrestritted funds
General fund
71,976
(58,100)
13,876
TOTAL FUNDS
71,976
(58,100)
13,876
Comparatlves for movement in fvnds
Net
movement
in funds
At
1.10.21
At
30.9.22
Unr•rtblct•d fund•
General fuThJ
Revaluation Reserve
1.033,763
475,953
915
118,281
1,034,678
594,234
1.509,716
119,196
1,628,912
TOTAL FUNDS
1,509,716
119,196
1,628,912
Comparattve net movement In fvnds. Induded In the above are as follows.,
Incomin9
resources
Resources
experKJe
Gains and
It)sses
Movement
In funds
Unrestricted funds
General fund
Revaluation ReseThe
65,996
165,081)
915
118,281
118,281
65,996
165,081)
118,281
119,196
TOTAL FUNDS
65,996
165,081)
118,281
119,196
A cu￿ent year 12 months and prior year 12 months comblned posltyon Is as follows:
Net
movement
In fuThJs
At
1.10.21
At
30.9.23
Unrejtricted funds
General fvnd
Revaluation Reserve
1,033,763
475,953
14,791
118,281
1,048,554
594,234
1,509,716
133,072
1,642,788
TOTAL FUNDS
1,509,716
133,072
1,642,788
-io-

LAUGHARNE CORPORATION LANDS
NOTES TO THE FINANCIAL STATEMENTS - contlnu•d
FOR THE YEAR ENDED 30 SEPTEMBER 2023
io.
MOVEMENT IN FUNDS - contlnu•d
A current year 12 months and prlor year 12 month5 combined net movement in funds, Included In
the above are as follows:
Incomlng
resources
Re￿urCeS
expended
Gains and
losses
Movement
In funds
Unrestrtctad funds
General fvnd
Revaluation Reserve
137,972
1123,181)
14,791
118,281
118,281
137,972
{123,181)
118,281
133.072
TOTAL FUNDS
137.972
{123,181)
118,281
133,072
11. RELATED PARTY DISCLOSURES
There We￿ no related party transactions for the year ended 30 September 2023.
12. ULTIMATE CONTROLLING PARTY
The chartty Is controlled by the TNstees
-li-