2021-10-31-accounts - Pembroke Castle Trust

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				Page
Report ofthe Trustees			1	to	3
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow	Statement
Notes to the Financial Statements			9	to	16
Detailed Statement of Financial		Activities	17	to	18

							2021	2020
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	F	F	F	F
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	26,570		26,570	14,186
Other trading activities					483,219		483,219	293,633
Investment income					4,069		4,069	4,070
Other income					101,397		101,397	84,852
Total					615,255		615,255	396,741
EXPENDITURE ON
Raising funds					43,397		43,397	60,211
Charitable activities
Castle					370,597		370,597	428,314
Brass rubbing								802
Total					413,994		413,994	489,327
NET INCOME/(EXPENDITURE)					201,261		201,261	(92,586)
RECONCILIATION	OF FUNDS
Total funds brought		forward			1,375,575		1,375,575	1,468,161
TOTAL FUNDS CARRIED FORWARD					1,576,836		1,576,836	1,375,575

		BALANCE SHEET
		31 OCTOBER 2021
			2021	2020
		Notes	F	F
FIXEDASSETS
Tangible assets		11	854,461	938,115
Investments		12	1	1
			854,462	938,116
CURRENT ASSETS
Debtors		13	265,071	156,984
Cash at bank and	in hand		600,479	421,343
			865,550	578,327
CREDITORS
Amounts falling due within one year		14	(50,444)	(39,550)
NET CURRENT ASSETS			815,106	538,777
TOTAL ASSETS	LESSCURRENT LIABILITIES		1,669,568	1,476,893
CREDITORS
Amounts falling due after more than one year		15	(49,112)	(50,000)
ACCRUALS AND	DEFERRED INCOME	17	(43,620)	(51,318)
NET ASSETS			1,576,836	1,375,575
FUNDS		19
Unrestricted funds			1,576,836	1,375,575
TOTAL FUNDS			1,576,836	1,375,575

							PEMBROKE CASTLE TRUST OF 3RD FEBRUARY 1959
							CASH FLOW STATEMENT
						FOR THE YEAR ENDED 31 OCTOBER 2021
								2021	2020
							Notes	F	f
Cash flows from	operating			activities
Cash generated from		operations						191,892	129,230
Net cash provided	by	operating			activities			191,892	129,230
Cash flows from	investing			activities
Purchase oftangible		fixed assets						(12,769)	(8,894)
Interest received								13	14
Net cash used in	investing		activities					(12,756)	(8,880)
Change in cash	and	cash		equivalents			in
the reporting period								179,136	120,350
Cash and cash equivalents				at	the
beginning ofthe	reporting			period				421,343	300,993
Cash and cash equivalents				at	the	end	of
the reporting period								600,479	421,343

RECONCILIATION ACTIVITIES		OF		NE	T INCOME/(EXPEN	DITURE) TO NET	CASH FLOW	FROM OPERATI	NG
								2021	2020
									f.
Net income/(expenditure)					for the reporting	period (as per the
Statement of Financial				Activities)				201,261	(92,586)
Adjustments for:
Depreciation charges								96,423	101,546
Interest received								(13)	(14)
Bounce Back Loan								(888)	50,000
(Increase)/decrease		in		debtors				(108,087)	115,291
Increase/(decrease)		in		creditors				3,196	(45,007)
Net cash provided		by		operations				191,892	129,230
ANALYSIS OF CHANGES					IN NET FUNDS
							At 1.11.20	Cash flow	At 31.10.21
								f	f
Net cash
Cash at bank and	in	hand					421,343	179,136	600,479
							421,343	179,136	600,479
Debt
Debts falling due after			1 year				(50,000)	888	(49,112)
							(50,000)	888	(49,112)
Total							371,343	180,024	551,367

Freehold property		2%	on cost
Improvements to property		6.67% on cost
Displays, 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

			2021	2020
				F
Donations			52	7,098
Gift aid			26,518	7,088
			26,570	14,186
OTHER TRADING ACTIVITIES
			2021	2020
			F	F
Admissions			481,975	276,430
Tours			411	763
Brass rubbing	centre			505
Event income				15,935
Weddings			833
			483,219	293,633
INVESTMENT	INCOME
			2021	2020
			F
Rents received			4,056	4,056
Interest received			13	14
			4,069	4,070
RAISING FUNDS
Raising donations		and legacies
			2021	2020
			F	F
Staff costs			42,602	60,211
Hire of equipment			795
			43,397	60,211

				Support
			Direct	costs (see
			Costs f	note 7) f	Totals f
Castle			53,440	317,157	370,597
SUPPORT	COSTS
		Management f	Finance F	Other F	Totals
Castle		146,590	10,936	159,631	317,157

			Unrestricted	Restricted	Total
			fund F.	fundf	funds F
INCOME AND	ENDOWMENTS	FROM
Donations and legacies			14,186		14,186
Other trading	activities		293,633		293,633
Investment income			4,070		4,070
Other income			84,852		84,852
Total			396,741		396,741
EXPENDITURE ON
Raising funds			60,211		60,211
Charitable activities
Castle			428,314		428,314
Brass rubbing			802		802
Total			489,327		489,327
NET INCOME/(EXPENDITURE)			(92,586)		(92,586)

	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021	NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
10.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
			Unrestricted	Restricted	Total
			fund	fund	funds
			f.	f
	RECONCILIATION OF FUNDS
	Total funds brought	forward	1,468,161		1,468,161
	TOTAL FUNDS CARRIED FORWARD		1,375,575		1,375,575
11.	TANGIBLE FIXEDASSETS
					Displays,
				Improvements	tableaux
			Freehold	to	and
			property f	property	equipment f
	COST
	At 1 November 2020		477,896	1,050,945	711,068
	Additions				9,247
	At 31 October 2021		477,896	1,050,945	720,315
	DEPRECIATION
	At 1 November 2020		30,326	856,797	474,461
	Charge for year		9,406	38,311	36,869
	At 31 October 2021		39,732	895,108	511,330
	NET BOOK VALUE
	At 31 October 2021		438,164	155,837	208,985
	At 31 October 2020		447,570	194,148	236,607
		Cafe and
		brass
		rubbing
		centre	Motor	Office
		fittings f	vehicles f	equipment f	Totals f
	COST
	At 1 November 2020	116,032	38,138	48,747	2,442,826
	Additions	1,583		1,939	12,769
	At 31 October 2021	117,615	38,138	50,686	2,455,595
	DEPRECIATION
	At 1 November 2020	82,041	32,022	29,064	1,504,711
	Charge for year	3,566	6,116	2,155	96,423
	At 31 October 2021	85,607	38,138	31,219	1,601,134
	NET BOOK VALUE
	At 31 October 2021	32,008		19,467	854,461
	At 31 October 2020	33,991	6,116	19,683	938,115

MARKET VALUE
At 1 November 2020 and 31 October 2021
NET BOOK VALUE
At 31 October 2021
At 31 October 2020

DEBTORS:AMOUNTS F	ALL	ING DUE WITHIN ONE YEAR
			2021	2020
			F
Trade debtors			22,086	2,140
Other debtors			31,775	1,500
Pembroke Castle Shop Limited			202,275	144,615
Prepayments			8,935	8,729
			265,071	156,984
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2021	2020
			f	F
Trade creditors			27,044	13,523
Taxation and social security			11,801	10,956
Other creditors			11,599	15,071
			50,444	39,550
CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN ONE YEAR
			2021	2020
			f	f
Bank loans (see note 16)			49,112	50,000
LOANS
An analysis ofthe maturity	of	loans is given below:
			2021	2020
			f	F
Amounts falling between	one	and two years:
Bank loans - 1-2 years			10,648	50,000
Amounts falling due between		two and five years:
Bank loans —2-5 years			38,464

ANALY	SIS O	F NET A	SSETS	BE	TWEEN FUNDS
							2021	2020
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
					F	F	f	f
Fixed assets					854,461		854,461	938,115
Investments					1		1	1
Current	assets				865,550		865,550	578,327
Current	liabilities				(50,444)		(50,444)	(39,550)
Long term liabilities					(49,112)		(49,112)	(50,000)
Accruals	and	deferred	income		(43,620)		(43,620)	(51,318)
					1,576,836		1,576,836	1,375,575
MOVEMENT		IN FUNDS
							Net
						At	movement	At
						1.11.20	in funds	31.10.21
						F	F	f
Unrestricted		funds
General	fund					1,375,575	201,261	1,576,836
TOTAL	FUNDS					1,375,575	201,261	1,576,836
Net movement		in funds,	included		in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						F	F	F.
Unrestricted		funds
General	fund					615,255	(413,994)	201,261
TOTAL	FUNDS					615,255	(413,994)	201,261
Comparatives		for movement		in	funds
							Net
						At	movement	At
						1.11.19	in funds	31.10.20
							F.	F.
Unrestricted		funds
General	fund					1,468,161	(92,586)	1,375,575
TOTAL	FUNDS					1,468,161	(92,586)	1,375,575

			Incoming	Resources	Movement
			resources f	expended	in funds f
Unrestricted		funds
General	fund		1,011,996	(903,321)	108,675
TOTAL	FUNDS		1,011,996	(903,321)	108,675

During the ye	ar the	trust	received the following grants in relation	to the covid 19pandemic.
				2021	2020
					F
HM Revenue	8 Customs		—CJRS	64,363	39,687
Welsh Government		Business Rate Grant		22,000	20,000
Welsh Government		Business Grant		14,267	25,000
				100,630	84,687

			FOR THE YEAR ENDED	31 OCTOBER 2021
				2021	2020
				E	E
INCOME AND ENDOWMENTS
Donations and	legacies
Donations				52	7,098
Gift aid				26,518	7,088
				26,570	14,186
Other trading activities
Admissions				481,975	276,430
Tours				411	763
Brass rubbing centre					505
Event income					15,935
Weddings				833
				483,219	293,633
Investment income
Rents received				4,056	4,056
Interest received				13	14
				4,069	4,070
Other income
Sundry receipts				767	165
Government grants		received		100,630	84,687
				101,397	84,852
Total incoming	resources			615,255	396,741
EXPENDITURE
Raising donations			and legacies
Wages					34,190
Tour guide wages				21,322	26,021
Admissions Wages				21,280
Hire ofequipment				795
				43,397	60,211
Charitable activities
Advertising				6,156	15,103
General repairs and			maintenance	40,334	24,049
Events and activities				6,950	33,215
Brass rubbing centre			purchases		754
Property repairs	and		refurbishment		10,372
				53,440	83,493
Support costs
Management
Trustees' expenses					353
Wages				133,566	161,863
Accountancy				5,700	6,400
Professional fees				3,374	3,252
Carried forward				142,640	171,868

			FOR THE YEAR ENDED	31 OCTOBER 2021
				2021f	2020
Management
Brought forward				142,640	171,868
Audit fee					4,770
Independent	Examination		Fee	3,950
				146,590	176,638
Finance
Bank charges				10,936	6,914
Other
Pensions				23,989	24,397
Water and rates				2,380	3,471
Insurance				12,653	11,055
Light and heat				7,156	10,135
Telephone				2,020	2,143
Postage and	stationery			9,204	5,406
Sundries				2,422	1,212
Training				125	270
Management	travel	expenses		74	145
Licences				8,477	7,627
Subscriptions	and	membership		390	410
Website maintenance				805	1,489
Protective clothing		and uniforms		1,211	1,821
Release ofcapital		grant		(7,698)	(9,056)
Depreciation	charge			96,423	101,546
				159,631	162,071
Total resources	expended			413,994	489,327
Net income/(expenditure)				201,261	(92,586)