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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Independent<br>Examiner's|Report||||
|Statement of Financial|Activities||||
|Balance Sheet|||||
|Notes to the Financial Statements||7|to|14|
|Detailed Statement of Financial Activities||15|to|16|





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||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|fund|funds|funds|
|||||Notes||F|||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations<br>and legacies|||||14,186||14,186|94,416|
|Other trading<br>activities||||2|293,633||293,633|588,033|
|Investment<br>income||||3|4,070||4,070|42,687|
|Other income|||||84,852||84,852|4,152|
|Total|||||396,741||396,741|729,288|
|EXPENDITURE ON|||||||||
|Raising funds|||||60,211||60,211|55,257|
|Charitable<br>activities|||||||||
|Castle|||||428,316||428,316|554,782|
|Brass rubbing|||||802||802|421|
|Total|||||489,329||489,329|610,460|
|NET INCOME/(EXPENDITURE)|||||(92,588)||(92,588)|118,828|
|RECONCILIATION|OF FUNDS||||||||
|Total funds brought||forward|||1,468,161||1,468,161|1,349,333|
|TOTAL FUNDS CARRIED FORWARD|||||1,375,573||1,375,573|1,468,161|





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|||BALANCE SHEET<br>31OCTOBER 2020|||
|---|---|---|---|---|
||||2020|2019|
|||Notes|F|F|
|FIXEDASSETS|||||
|Tangible assets|||938,113|1,030,767|
|Investments|||1|1|
||||938,114|1,030,768|
|CURRENT ASSETS|||||
|Debtors|||156,984|272,275|
|Cash at bank and|in hand||421,343|300,993|
||||578,327|573,268|
|CREDITORS|||||
|Amounts<br>falling due within one year||10|(39,550)|(75,501)|
|NET CURRENT ASSETS|||538,777|497,767|
|TOTAL ASSETS|LESSCURRENT||||
|LIABILITIES|||1,476,891|1,528,535|
|CREDITORS|||||
|Amounts<br>falling due after more than one year 11|||(50,000)||
|ACCRUALS AND|DEFERRED INCOME|13|(51,318)|(60,374)|
|NET ASSETS|||1,375,573|1,468,161|
|FUNDS||15|||
|Unrestricted<br>funds|||1,375,573|1,468,161|
|TOTAL FUNDS|||1,375,573|1,468,161|





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|according<br>to th|e nature|ofthe cost.||||||
|---|---|---|---|---|---|---|---|
|Tangible fixed|assets|||||||
|Depreciation<br>is|provided|at the following|annual<br>rates<br>in order to write off each asset over its||||estimated|
|useful<br>life.||||||||
|Freehold<br>property|||2%|on cost||||
|Improvements|to property||6.67%on cost|||||
|Displays,<br>tableaux and||equipment|15%|reducing|balance|||
|Cafe and brass|rubbing|centre fittings|15%|reducing|balance and 10% reducing|balance||
|Motor vehicles|||20%|on cost||||
|Office equipment|||10%|reducing|balance|||



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|||||2020|2019|
|---|---|---|---|---|---|
|||||F||
|Admissions||||276,430|555,026|
|Tours||||763|3,090|
|Brass rubbing|centre|||505|1,595|
|Event income||||15,935|17,489|
|Use offacilities|||||8,833|
|Weddings|||||2,000|
|||||293,633|588,033|
|INVESTMENT|INCOME|||||
|||||2020|2019|
|||||E|E|
|Rents received||||4,056|4,056|
|Gift aid payments||from subsidiary|undertaken||37,581|
|Interest received||||14|1,050|
|||||4,070|42,687|



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|2020|2019|
|---|---|
|E|E|
|353|1,481|





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|The average<br>month|ly|number of|emp|loyees<br>during<br>the year|was as follows:|||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|Trust employees||||||20|19|
|No employees<br>received emoluments||||in excess off60,000.||||
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL||||ACTIVITIES|||
||||||Unrestricted|Restricted|Total|
||||||fund|fund|funds|
||||||E|E|E|
|INCOME AND ENDOWMENTS|||FROM|||||
|Donations<br>and legacies|||||94,416||94,416|
|Other trading<br>activities|||||588,033||588,033|
|Investment<br>income|||||42,687||42,687|
|Other income|||||4,152||4,152|
|Total|||||729,288||729,288|
|EXPENDITURE ON||||||||
|Raising funds|||||55,257||55,257|
|Charitable<br>activities||||||||
|Castle|||||554,782||554,782|
|Brass rubbing|||||421||421|
|Total|||||610,460||610,460|
|NET INCOME|||||118,828||118,828|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward|||1,349,333||1,349,333|
|TOTAL FUNDS CARRIED FORWARD|||||1,468,161||1,468,161|





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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
||||Displays,|
|||Improvements|tableaux|
||Freehold|to|and|
||property|property|equipment|
|||E|E|
|COST||||
|At 1 November 2019|477,896|1,048,461|704,764|
|Additions||2,484|6,304|
|At 31 October 2020|477,896|1,050,945|711,068|
|DEPRECIATION||||
|At 1 November 2019|20,920|818,486|432,715|
|Charge for year|9,406|38,311|41,746|
|At 31 October 2020|30,326|856,797|474,461|
|NET BOOK VALUE||||
|At 31 October 2020|447,570|194,148|236,607|
|At 31 October 2019|456,976|229,975|272,049|



||Cafe and||||
|---|---|---|---|---|
||brass||||
||rubbing||||
||centre|Motor|Office||
||fittings|vehicles|equipment|Totals|
||||E||
|COST|||||
|At 1 November 2019|115,926|38,138|48,747|2,433,932|
|Additions|106|||8,894|
|At 31 October 2020|116,032|38,138|48,747|2,442,826|
|DEPRECIATION|||||
|At 1 November 2019|78,252|25,908|26,884|1,403,165|
|Charge for year|3,789|6,116|2,180|101,548|
|At 31 October 2020|82,041|32,024|29,064|1,504,713|
|NET BOOK VALUE|||||
|At 31 October 2020|33,991|6,114|19,683|938,113|
|At 31 October 2019|37,674|12,230|21,863|1,030,767|





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|DEBTORS:AMOUNTS<br>FA|LLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2020|2019|
|||F|E|
|Trade debtors||2,140|17,793|
|Other debtors||1,500|115,558|
|Pembroke<br>Castle Shop Limited||144,615|130,543|
|Prepayments||8,729|8,381|
|||156,984|272,275|
|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||2020|2019|
|||E||
|Trade creditors||13,523|8,480|
|Taxation and social security||10,956|39,816|
|Other creditors||15,071|27,205|
|||39,550|75,501|



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|ACCRUALS|AND DE|FERRE|D INCOM|E||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2020||2019|
||||||||||f||f|
|Accruals and|deferred|income|||||||51,318||60,374|
|Capital grant|relating|to the renovation||of the Drill Hall.||The|grant is|released|over the|estimated<br>usef||
|life of the asset. The Trust|||received|a|capital<br>grant|from|CADW|relating|to the Princes||& Castl|
|project. The|grant is released||over the|estimated<br>useful||life|ofthe asset.|||||
|ANALYSIS OF NET ASSETS BETWEEN FUNDS||||||||||||
||||||||||2020||2019|
||||||Unrestricted||Restricted||Total||Total|
||||||fundf||fundf||funds<br>f||funds<br>f|
|Fixed assets|||||938,113||||938,113|1,030,767||
|Investments|||||1||||1||1|
|Current assets|||||578,327||||578,327||573,268|
|Current<br>liabilities|||||(39,550)||||(39,550)||(75,501)|
|Long term liabilities|||||(50,000)||||(50,000)|||
|Accruals and|deferred|income|||(51,318)||||(51,318)||(60,374)|
||||||1,375,573|||1,375,573||1,468,161||
|MOVEMENT|IN FUNDS|||||||||||
||||||||||Net|||
||||||||At||movement||At|
||||||||1.11.19||in funds||31.10.20|
||||||||f||f||f|
|Unrestricted|funds|||||||||||
|General<br>fund|||||||1,468,161||(92,588)|1,375,573||
|TOTAL FUNDS|||||||1,468,161||(92,588)|1,375,573||





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|Net mov|ement|in funds,<br>incl|ude|d<br>in t|he above|are as follows:|||
|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
||||||||F|E|
|Unrestricted||funds|||||||
|General|fund|||||396,741|(489,329)|(92,588)|
|TOTAL|FUNDS|||||396,741|(489,329)|(92,588)|
|Comparatives||for movement||in funds|||||
||||||||Net||
|||||||At|movement|At|
|||||||1.11.18|in funds|31.10.19|
|||||||F||E|
|Unrestricted||funds|||||||
|General|fund|||||1,349,333|118,828|1,468,161|
|TOTAL|FUNDS|||||1,349,333|118,828|1,468,161|
|Comparative||net movement|in|funds,|included|in the above are as follows:|||
|||||||Incoming|Resources|Movement|
|||||||resources|expended|in funds|
|||||||E|E|E|
|Unrestricted||funds|||||||
|General|fund|||||729,288|(610,460)|118,828|
|TOTAL|FUNDS|||||729,288|(610,460)|118,828|



|A curren|t yea|r 12 months<br>and prior year|12 months<br>combined<br>position<br>is|as follows:||
|---|---|---|---|---|---|
|||||Net||
||||At|movement|At|
||||1.11.18|in funds|31.10.20|
||||F|F|F|
|Unrestricted||funds||||
|General|fund||1,349,333|26,240|1,375,573|
|TOTAL|FUNDS||1,349,333|26,240|1,375,573|





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|above a|re as|follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources<br>F|expended<br>f|in funds<br>F|
|Unrestricted||funds||||
|General|fund||1,126,029|(1,099,789)|26,240|
|TOTAL|FUNDS||1,126,029|(1,099,789)|26,240|



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|During the ye|ar the|trust received the following<br>grants<br>in rel|ation<br>to the covid 19pandemic.||
|---|---|---|---|---|
||||2020|2019|
|||||E|
|HM Revenue|&Customs - CJRS||39,687||
|Welsh Government||Business Rate Grant|20,000||
|Welsh Government||Business Grant|25,000||
||||84,687||





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|||FOR THE YEAR ENDED 3|1OCTOBER 2020||
|---|---|---|---|---|
||||2020|2019|
||||E|F|
|INCOME AND ENDOWMENTS|||||
|Donations<br>and|legacies||||
|Donations|||7,098|22,828|
|Gift aid|||7,088|71,588|
||||14,186|94,416|
|Other trading<br>activities|||||
|Admissions|||276,430|555,026|
|Tours|||763|3,090|
|Brass rubbing<br>centre|||505|1,595|
|Event income|||15,935|17,489|
|Use offacilities||||8,833|
|Weddings||||2,000|
||||293,633|588,033|
|Investment<br>income|||||
|Rents received|||4,056|4,056|
|Gift aid payments|from subsidiary||||
|undertaken||||37,581|
|Interest received|||14|1,050|
||||4,070|42,687|
|Other income|||||
|Sundry receipts|||165|4,152|
|Government<br>grants received|||84,687||
||||84,852|4,152|
|Total incoming|resources||396,741|729,288|
|EXPENDITURE|||||
|Raising donations||and legacies|||
|Wages|||34,190|30,646|
|Tour guide wages|||26,021|24,611|
||||60,211|55,257|
|Charitable<br>activities|||||
|Advertising|||15,103|27,344|
|General repairs and||maintenance|24,049|49,646|
|Events and activities|||33,215|86,106|
|Brass rubbing<br>centre||purchases|754|421|
|Property<br>repairs|and|refurbishment|10,372|38,777|
||||83,493|202,294|





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|||FOR THE YEAR ENDED 3|1OCTOBER 2020||
|---|---|---|---|---|
||||2020|2019|
||||E|F|
|Support costs|||||
|Management|||||
|Trustees' expenses|||353|1,481|
|Wages|||161,863|150,542|
|Accountancy|||6,400|6,400|
|Professional fees|||3,252|6,797|
|Audit fee|||4,770|4,920|
||||176,638|170,140|
|Finance|||||
|Bank charges|||6,914|4,029|
|Other|||||
|Pensions|||24,397|24,764|
|Water and rates|||3,471|1,382|
|Insurance|||11,055|12,518|
|Light and heat|||10,135|13,517|
|Telephone|||2,143|2,631|
|Postage and stationery|||5,406|5,913|
|Sundries|||1,212|4,017|
|Training|||270|2,738|
|Management|travel|expenses|145|52|
|Licences|||7,627|7,604|
|Subscriptions|and|membership|410|1,221|
|Website maintenance|||1,489|75|
|Protective<br>clothing||and uniforms|1,821|1,175|
|Research<br>and|development|||3,495|
|Release of capital||grant|(9,056)|(10,654)|
|Depreciation<br>charge|||101,548|108,292|
||||162,073|178,740|
|Total resources|expended||489,329|610,460|
|Net (expenditure)/income|||(92,588)|118,828|