##
|||||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|
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##
||||||||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|
##
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##
|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|||
##
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##
||||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|
##
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##
|||||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|
##
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##
||||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|
##
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##
|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||
##
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##
|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|
##
##
##
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##
|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)|