REGisfERED CHARITY.NiFMBER: 250069 rt ofihe Tru51ees ind dl ed clg teme The Llant ant Town Curtis Bowden & 'fhomas Limited Chartered Cenified Ammants 9 Court Road Brid8¢nd CF31 IBE
Contents ofth Financial Statements 31 Pg¢ Report ofthe Truste Independent Ex8mltser'$ Report St#temcnt ofFlnanci•l Artivrlies Balance Sheet Notes its the Finxn¢ial Statemettts 7 to 12 Iktiiled Slat¢ment of Fin8nell Aetlvitl 13
The Llalllrillt Town Trust rt ol the Tru51ees for ihe Y¢ar Eoded 31 Dccernber 2024 The trustee5 preseni their report with thc financial statements of the charity for the year ended 31 De¢ember 2024. The Irusices have adopt the provisTons of Accounting and RerM)rttng by Charities.. Staiernent of Recommendcd Practice applicable lo charities preparing their accounts in accordance with the Financial R¢porting Standard applioable in the UK and Republic of Ireland (FRS 102) lefTeetiYe l January 2019). OhJe¢tives aud activ5tl¢s Objeetives #Md 4ims The objectiv¢ of the ThL81 is to mana8e ¢ommoDs and grnzing rights for the Freeman of Llantrisant. In 2024, the majur eveni was the Beating of the Boun. TherL' wer¢ approximatcly eight thousand people in Llantrisant on the day, many of whoTn walkcd the 7-mile course around (he boundary of the ancient rOugh. Thc TTUStee& spenr a grew deal of lime in the preparation of the event. rdtsing filnds. ppartnE the rout¢ and organising the day. The cveryday work ofthe Trust continued. 'I'hc Court l.eet and following dinnLr took place orTr the eve of th¢ Lleating of the Bounds on 7ih June 2024. Forty women and tw¢nty-Iwo men wer¢ enrolled. with lar8¢ family groups bein8 ¢nrolled the same time. One paty comin8 ovcr from Ameri for the evenr. 'rhc nam¢5 on the Freeman's roll on l.lantrisani.net is now up to date Anil will be compl¢ied with photograph5 SOOtI. Application fom]s will be UFxlated Èind available in the New Ycar. lthe next Court Leet will b¢ held on 30th May 2025, and Arfon Haines Davies h&$ been &sked to spcak at the dinner. Many newly enroll¢d Fr¢¢men were not able to auend thL dinner ¥s therc was rnsutricient capucity, and & new System will nced to be introdured to ¢nable all newly enrolled bre¢men io attend the dinner Iin their special day. Work on the Common 1% on80ing including the intyoduction of GPS ¢ollar% for thc c4ttle which will cnable aredg of gring 10 be managed more effeetively. This iy being Support ny Natural Resources Wale5. I'hL butterlly ¢on5ervation on the Common is also on80ing with new cat¢rpillw5 havin8 bcen put in e8rlier in the y¢ar. Welsh waler have been doing some remediul work on ihe standin8 W4ter on ihe Common. The land Tcgi5trdlion of ili¢ Common end Graig is sitll on80ing ev¢n though th¢ Land Regisuy have bcen in receipi of thc releYan¢ document5 for some tirne. Me&5ures Continue to be takLn to ¢Tu8ure th¢ payinetjt of Wayleav¢ fees have been aed with a nurnber of propcrties around the periphcry of thc Cymdda and advice is bein8 sought re8ardin8 the continuing non-paymenl in r¢spect of aeces5 to Rthiwgog on the Grai Fire break5 have been ¢ut on the Grni¥. A mdnagemcnt plan for Castellau is bein8 supplied by the Wildlife Trnst of South and W¢st Wales whi¢h will be completed shortly. Finally, I would like to thank my fellow Trustee5 for their support during thiy busy year. Pag¢ I
The LI8DtriSaDt Town I"rust Re rt of the Trustees ror the YeAr Ended 31 Decembtr 21124 FinanciAI review ReserYe5 policy RestricLed ndS inrome from clmritable aaivilies amounted to £IO.100. The main sources of inLome M?s from th¢ Beatin¥ of the Bounds ¢vent. Unrestricred Grani incomc rtteived wa5 from from w1041 Resources Wales which consisted of the annual payment of £8,000 relating ¢o.S y¢ar project wilh NUrnI Resources Wales. Unrestricted Fund5 other troding activities totalled £12.660 and was made up rnainly of Fr¢emen enroltnent fees of £6,JOO and social events and Acitvitte5 £5.319 This year £527 of Bank inierem w4s acmied in the saving accouni. Expenditure amounted to £25,059 and therefore the r¢5ult for the year was an exc¢ss of r¢c¢ipts over paynents of £7,254 Res¢rves brought forward amounted 10 £151.481 m¢ming Teserve5 carried fwword amount to £158.735. Future plans Th¢'l rust will coniinue to fvrther improve Llantyisont Commo SlruLture* governance #nd rnanagtment Coverning document 'I'he charity is controlled by its governing documenL a deed oftrust and ¢onsiiiutes 4n unincorporated charity. R¢ferenee and •dmlnistr81ivt detalts R¢gi5tL'r¢d ChArity number 250069 Prln¢ip81 addrtsj Ihe (iuildhill Castlc Green George Sircet Llantri5ant L'P72 8F.E I'ruste¢$ M J Hooker D N'icholas D T John {rc5ign¢d 25.10.24) J M Dickason Ci R¢es (resigned 25.10.24) Ci Alexander R frluni T W Grother C. W CJrother E l ownsend Jone5 D John E R Tiifin (appoint¢d 25.10.24) J B Hooker (ap)inted 25.10.24) S J Owen {appointed 25.10.24) DLJohn Independent F.x•mln¢r Curtis Rowd¢n & 'fhomas Limited Chartcred Lcrtifted AccountanLs 9 Coun Road Bridgend CF31 IBE Page 2
rtofih Approved of the board of trusiees on 3 (ktober 2025 and Signed on its behalf by. T W GToiher- Twstee Page 3
ent tr's Re he l.l#nlrisant Tom'n Trus Jndcpendent exarnitter's report tD the trustee5 of The Llanlrisaot Town Trust I report to the charity tru*¢cs on rny examination of the accounts uf Th¢ I,lantrisanr Toi%Tr Tt (thc Trust) for the year ended 31 D¢¢ember 2024. H¢5ptsn$ibilities and of r¢port As the charity trust¢es of the Trust you are respo917)1¢ for the preprrion of the accounts in accordance with the requircmertts of the Charities Act 2011 Cthe Aci.). I report in rcspect of my exomination of the Trust's accounts carried out Under Seaion 145 of the Aci and ill carrying o m) ¢xamination I hav¢ followcd all applicable Direciions given by the Charity Commission under Section 145(5Xb) of the Act. Independent examiner's statement I have completed my exumination. I confirni that no mterial matters have Com¢ io my atrention in conne¢Lion wilh the examination giving m¢ caw io believe that in any material re5peci'. ac¢ounting r¢cords were not kept in re5Pttt of thc Tn As required by Sectioty 130 of the A¢t; or the accounts do not aclord with ihusc wcord5,' OT the ac¢ounts do noi comply with th¢ applicablc requircmcnL4' con¢crnin8 th¢ forn) and content of acLounts set out in the Chariti<s {Accounts and Rcpons) Regulations 2008 oth¢r than any Tequiremcnt ihat th¢ accounts give a true and fair wew which is not a mancr considered part of an independent examination. I have no conc¢rns and hayc come acro$s no other matt¢rs in CODneciion with the examinAiion to which attention should be drawn in thi¥ report in order to ¢nable a prop¢r understanding of thc a¢count5 to be reaL'hed. Kobert l.loyd Curtis Bowden & Thoma5 Limited Chartered Certilied ALcouniants 9 Luurt Road ridgend 31 IIJF. 3 Oetobcr 2025 Page 4
The Llan nt Tov•'n Trust Statement of Fin8nci41 Activilies rthey IDe mber 20 31.12.24 Total fvnd5 Unrestricted fund5 31.12.23 Totsl fiznds Restricted funds Not<8 Income and rndowrn¢nts frorn Charitable activilies general Charitable A¢tivittes 1,026 8,000 1,026 18,100 75 34.155 10.100 Orher trading activities Investment income 12,660 527 12,660 527 19,127 Tot¥1 22,213 io.100 32.313 53.472 Expenditure on Ch4rit8blc aetivilies general Charitable A¢tivilies 10,002 4.957 10,002 15.057 10.100 25.014 Total 14.959 10,100 25,059 25,014 ,¥F.I' INCOME 7,254 7,254 28,458 Rcci)Iicili¥tion of fundi Toial fuiids bruu¥hi forward 138,529 12.952 151.481 123,023 'rotMI fundj t*rrled forward 145,783 12,952 158,735 'rhe notes forni part of these financial staiernents Page 5
31.12.24 Total funds Linrestricted fund5 31.12.23 Total funds R¢stric*d fund5 ix¢d assets Tangible a5seis 102,789 102.789 102.789 Current ¥Jssets Debtors Cash at bank 29200 44.908 29200 57.860 12,952 1,045 48,728 74.108 12,952 87.060 49,773 Creditor5 Arnoun¢$ falling due wtthin one year (7.137) (7,137) (1,081) Net Currtnt aysets 66.971 12,952 79,923 48,092 Totsi 4sstls lejs current liabililles 169,760 12.952 182,712 151,481 Creditors Amounts falling due after more than one year (23.977) (23,977) NET ASSETS 145.783 12.952 158,735 151.481 Fujtds UnrL51riciLd ndS RestriCTed tiinds 145.783 12.952 138,529 12.952 'ru¢al funds 158,735 151,481 ThL. fjnancial stttiements w¢re wiroved by thc Board of TrustrL8 and authOriS for issu¢ on 3 Ociober 2025 and werc sign¢d on its behalf by.. I" W Grother- Trnstee 'll]e not¢5 fomi part of these fmancial Matements Page 6
Tht Llantr nt Town Trust Ilotes to the Financial Statemt ts for th Year E d 31 Dec¢m Accounling policies Basis of preparing the fiiiaDtial stalemcnts The tinanLial ststements of the charity. w'hieh rs a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by ChdTities.' Statement of Recommended Pra¢ticc applicable charittLs preparing their a¢cotsnts in accordonce with the Financial Reponing Sthndard applicable in the UK and Republic of Ireldnd (FRS 102) (efyefflive l January 2019),. Financial Keponing Siandard 102 The Financial Itcporting Sthndard applicable in the UK and Republic of Ireland, and the Charitl¢s Act 2011. The finyncial Sthiemcnt5 h&ve EKen preped under the historical cost convcniion. Income All incorne is recognised in the Statement of Financtal ActlVllie5 once ihe charity has entiilemcni to ihe funds, it 15 probabl¢ that the incorne will be received and the amount C8n be Mud reliably. Expenditure LiiibilitlL'S aTC re¢ogn15ed 45 expenditure &$ 500n as there is a legal or construciive obligation committing thc charity io Ihar expLnditur¢, 11 is probable thii a transfer of cconomic benefits will be required in settlement and the amvunt of ihe ubli8aiion can bc measured rcliably. ExpendiDJre is accounted for nn an accruals basis and has been classifi¢d under headings ihai aggre8di¢ all cosi rclfitcd 10 dic cat¢gory. Wh¢re cosis c4nnoi be directly attributed lo particular headings they have bcen all0¢ed to Ilcliviiies on a basis c()nsi$tL'nt with the use of resour¢¢s. 'r#ngible fixed asJ¢ts DLpr¢cidlion is provided ai thc following annual ratss in order to write off each &%set over its cstirnad useful l.reehold property Li)viiig Cup ixturc%, fitlings and L'quipmL¥nt 650th AnnivLrsary M¢ddl Silver Ma¢¢ Wo d¢preciairon char¥e No depreciation char8e 25•/9 on Lost No depreciation charge o depreciation charge 'rHxit*on The ¢hBrity is excmpl from tax on its charitable a¢tiviiies. Trund &c¢ounting UnrerIC1ed fund$ can be us¢d in accordance with thc chariiabl¢ objKtives at the di5cr¢lion of the trnstees. Re8triclcd fijnds can only be ed for particular restricted purw)ses wiihin the objects of the charity. Restrictions arise wh¢D sp¢cifi¢d by the donor or wh¢n fimds arc rnised for paniculAr restrictcd pU)se5. Furrher explanation of the nature and purpos¢ of each futMI is included in thc notc5 to the finaneial ststemcnts. Other trading actlvilles 31.12.24 31.12.23 Frecmen'5 enrolment fees Waylcavc5 GTaF.ing fee5 Miscellaneous income Social events & aciivitie5 6.300 621 300 120 5,319 10,100 1,976 446 140 6,465 12,660 19,127 Page 7 ntinu¢d...
IrisAnt ow rus Invejtrnent lrtcome 31.12.24 31.12.23 Deposit o¢¢ount interest 527 Try5tee$' remuntration and benefits There were no tru8tees' remuneralion or other benefits ror the year ended 31 Dec¢mber 2024 nor for the year ended 31 December 2023. Trust¢es' expenstS Ther¢ were no tnt¢¢$' ex¢$ paid for the ended 31 D¢¢¢mber 2024 nor for the year ended 31 December 2023. Comparntlves for the statement of fin&ncl*l 8ctlvilics nrestricLed nds Re5tri¢ted Totsl funds In¢ome Aud eodowments fro Charltable activliles ¢neTal Charitable Activitl¢S 75 21.680 75 34,155 12.475 Oiher tradin8 4CtiVilies Invcsttn¢ni incom¢ 19.127 19.127 Total 40,997 12,475 53.472 F.XPLndilure o ChHritable aelivitks 8enLral 25.014 25,014 NET IYI COME 15.983 12.475 28.458 R¢conelli4llon of funds Total fi]nds brought forward 122,546 477 123.023 TotAI funds carried fonvird 138.529 12.952 151,481 Page 8 conttnued...
he Lla sant ToTrn T inancial in Tangible fixed assets Fixnxres, fittings Freehold propeny Inving Cup Eouipmenl Cost At l January 2024 and 31 Dec¢mbeT 2024 D¢prec14ti0 At l January 2024 and 31 Drfember 2024 Yei trflok value At 31 Dec¢mb¢r 2024 6.000 16,700 4,937 4,937 6,000 16.700 At 31 Decembcr 2023 16.700 650th Anniversary M¢d&l Silv¢r Mace Totsls Cost At l January 2024 and 31 Dceemb¢r 2024 Deprecijtlon Ai i January 2024 and 31 r)ember 2024 Nct book valuc Ai 311)ccembcr 2024 89 80,000 107.726 4,937 89 80.000 102,789 Ai 311)ecember 2023 89 80,000 102,789 Debtor5: amounts falling within one year 31.12.24 31.12.23 Llantrisant Guildhall CIO Prepaym¢nls 29,200 1,045 29.200 1.045 Pagc 9 continued...
Thc Llanirtsynt own Trust o thebill¥ Ihe Year Ista emen Creditors: arnounts falling due within ODt )e4r 31.12.24 31.12.23 Bank loans and overdrafts (s¢e note 10) I rade crcditors Other ¢TlIorS 5,428 1,710 1,080 7,137 1,081 Credltors". amounts falling due •fter More tb*D yur 31.12.24 31.12.23 Flank loan5 (see note 10) 23,977 io. Loan5 An analysis of the maturity of loans is given below.. 31.12.24 31.12.23 Amounts falling due within one y¢ar on demand.. Elwk loans 5.428 AMonIS falling due beiwc¢n twu five y¢ars'. Bank loan5- 2-5 yLars 23,977 .Mov¢ment in fundj N'ct rnovcment in funds Ai 31.12.24 At 1.1.24 Unrv+lrltled tsnds GenLral fund 138,529 7,254 145.783 Re51rlcted funds NKW Projcct DefLnee a8Ltinst mining for ¢ommon improveinent New Land Maintcnanc¢ Projttl 477 477 11.475 1.000 11,475 1,000 12.952 12.952 TOTAL FUNDS 151,481 7,254 158,735 Page 10 continued...
The Llant tT wnT .Movemenl in funds- continued let movement in funds, included in the above follows.. Incoming Kesourc¢s Movement expended in fund5 Llnrestricted fvRd$ enerdl (und 22213 (14.959) 7,254 Re5trieted fuhds Bcaiing of the Llounds 10,100 (10,100) TOTAL FUNDS 32.313 (25,059) 7,254 Compar8tiveJ for movemeTrt in funds movemenl in funds At 31.12.23 At 1.1.23 Unre$lrleled funds GL'neral fund 122,546 15.983 138.529 Ruiri¢ted fund$ NIIW Projccl DLfcn¢e Jgainsl minin8 for common improv¢rnent Ncw Land Mainienancc Project 477 477 11,475 1.000 11,475 1,000 477 12.473 12,952 TOTAL FUND.$ 123,023 28.458 151,481 Comparaiive nei movernent in funds, included in the above are u follow5.' Incoming Resources ¢xpended Movement iti fund$ UThre¥trkted fund5 GLnerdl fund 40,997 (25,014) 15,983 Restri¢led funds Dcfcnce agdinst mining for common improvetn¢ni New ljand .Mainrenanc¢ Proj¢ct 1.475 1.000 11,475 1,000 12.475 12.475 TOTAL FUNDS 53.472 (25.014) 28.458 P8gell continued...
The Lla trisa tTowD T he Financial S -eon Mtsv#meDi fund5- Colltinued A current year 12 rnonths and prior year 12 months cornbined position is follow5.' Nci movcmem in funds At 31.12.24 At 1.1.23 Llnrestrlcted fund$ Generdl fund 122,546 23237 145,783 R¢5tricted funds NRW Project DL.lence akFainst mining for ¢ornmon impTovcment New Land Mainicnan¢e Project 477 477 11.475 1.000 11.475 1,000 477 12,475 12,952 TOTAI, bbiYDS 123.023 35,712 158,735 A curreni year 12 rnonths and prior yetr 12 months combined nct movement irt funds, included in the above are as follows.. Incoming resources Resources exp¢ndcd Movcmettt in funds 'nr¢51ricted fund$ ticneral fund 63.210 (39,973) 23.237 Re51rieted funds Dcfence a8&in51 mining for commoll improvLment cw land Maintenance Proj¢¢t Beating of the Bounds 1.475 1.000 10.100 1,475 1.000 (10,100) 22,575 (10,100) 12,475 TOTAL FUNDS 85,785 {50,073) 35,712 12. Related party disclosur Included in debtors is an amount of £29.2IKI owed by Llanirisant Guildhall CIO to l.lantrisani Town Tru3L . M Hooker and T J Groth¢r are tnlS in both Charilies. Pag¢ 12
he Llant tT wnT Yi 31 12.24 31.1223 Ineome and endowments Otb¢r trading aelivities Fre¢men'5 enrolment fc¢s Wayleaves GraLiJ)g fecs isLellanLOUS income SociAI events & a¢tiviti¢s 6,300 621 300 120 5.319 10,100 1,970 446 140 6,465 12,660 19,127 Investment Incorne Depu511 account inlcTe 527 ChsrithblE activities Dunarions dnd Appeals (Yranls 75 34,155 8.000 19,126 34.230 Totil Incoming r¢sourtes 32,313 53.472 F.xpcndltvrc Charilablc Hetivities In&uT4ncL' Sub%criplions FrcL'mnn exn5¢S Compuier and websiie Accuuntan¢y fees GenLral Repairs Socidl events & activitie$ Legal f¢es 1,828 45 792 786 2.250 273 19,085 829 45 762 167 1,200 14.730 6,650 631 25.059 25,014 Total rcsour¢¢5 expended 25.059 25.014 Net Income 7.254 28,458 This pagc do¢s noi fom) pan ofthe sthtutory financi81 stal¢ments Page 13