2023-01-31-accounts - Pembroke Castle Trust

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			Page
Report ofthe Trustees		1	to	3
Report ofthe Independent Auditors		4	to	6
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement			10
Notes to the Financial Statements		11	to	18
Detailed Statement of Financial	Activities	19	to	20

		FO	R THE PERI	OD 1 NOVE	MBER 2021 TO 3	1 JANUARY 20	23
							Period
							1.11.21
							to	Year Ended
							31.1.23	31.10.21
					Unrestricted	Restricted	Total	Total
					fund	fund	funds	funds
				Notes	f.	F	F
INCOME AND	ENDOWMENTS		FROM
Donations and	legacies			2	71,837		71,837	26,570
Other trading	activities			3	1,253,819		1,253,819	788,707
Investment income				4	5 152		5,152	13
Other income					7,546		7,546	158,351
Total					1,338,354		1,338,354	973,641
EXPENDITURE ON
Raising funds					775,647		775,647	479,639
Charitable activities
Castle					594,253		594,253	285,879
Total					1,369,900		1,369,900	765,518
NET INCOME/(EXPENDITURE)					(31,546)		(31,546)	208,123
RECONCILIATION		OF FUNDS
Total funds brought		forward			1,557,639		1,557,639	1,349,516
TOTAL FUNDS CARRIED FORWARD					1,526,093		1,526,093	1,557,639

					2023	2021
			Unrestricted	Restricted	Total	Total
			fund	fund	funds	funds
		Notes	f.	F	F	F
FIXEDASSETS
Tangible assets		11	812,972		812,972	855,889
Investments		12	1		1	1
			812,973		812,973	855,890
CURRENT ASSETS
Stocks		13	88,780		88,780	40,900
Debtors		14	75,831		75,831	62,796
Cash at bank and	in hand		754,001		754,001	843,800
			918,612		918,612	947,496
CREDITORS
Amounts falling due within one year		15	(119,257)		(119,257)	(106,317)
NET CURRENT ASSETS			799,355		799,355	841,179
TOTAL ASSETS	LESSCURRENT LIABILITIES		1,612,328		1,612,328	1,697,069
CREDITORS
Amounts falling due after more than one year		16	(50,548)		(50,548)	(95,810)
ACCRUALS AND	DEFERRED INCOME	18	(35,687)		(35,687)	(43,620)
NET ASSETS			1,526,093		1,526,093	1,557,639
FUNDS		19
Unrestricted funds					1,526,093	1,557,639
TOTAL FUNDS					1,526,093	1,557,639

			FOR THE P	ERI	OD 1 NOVEMBER	2021 TO 31 JANUARY 2023
						Period
						1.11.21
						to	Year Ended
						31.1.23	31.10.21
					Notes	F	E
Cash flows from	operating		activities
Cash generated from operations						3,396	333,745
Interest paid						(2,656)	(247)
Net cash provided	by operating activities					740	333,498
Cash flows from	investing		activities
Purchase oftangible fixed assets						(71,726)	(13,759)
Interest received						5,152	13
Net cash used in	investing	activities				(66,574)	(13,746)
Cash flows from	financing		activities
Loan repayments	in year					(23,965)	(4,190)
Net cash used in	financing		activities			(23,965)	(4,190)
Change in cash	and cash		equivalents	in
the reporting period						(89,799)	315,562
Cash and cash equivalents			at the
beginning ofthe	reporting		period			843,800	528,238
Cash and cash equivalents			at the end	of
the reporting period						754,001	843,800

								Period
								1.11.21
								to	Year Ended
								31.1.23	31.10.21
								F.	F
Net (expenditure)/Income					for the reporting	period (as per the
Statement	of Financiaf Activities)							(31,546)	208,123
Adjustments		for.
Depreciation		charges						114,643	96,776
Interest received								(5,152)	(13)
Interest paid								2,656	247
(Increase)/decrease				in stocks				(47,880)	45,007
Increase in		debtors						(13,035)	(50,427)
(Decrease)/increase				in creditors				(16,290)	34,032
Net cash provided				by operations				3,396	333,745
ANALYSIS		OF CHANGES			IN NET FUNDS
							At 1.11.21	Cash flow	At 31.1.23
							F		F
Net cash
Cash at bank and			in	hand			843,800	(89,799)	754,001
							843,800	(89,799)	754,001
Debt
Debts falling		due within 1 year						(21,297)	(21,297)
Debts falling		due after 1 year					(95,810)	45,262	(50,548)
							(95,810)	23,965	(71,845)
Total							747,990	(65,834)	682,156

					Period
					1.11.21
					to	Year Ended
					31.1.23	31.10.21
					f	F
Donations					4,982	52
Gift aid					66,855	26,518
					71,837	26,570
OTHER TRADING			ACTIVITIES
					Period
					1.11.21
					to	Year Ended
					31.1.23	31.10.21
						F
Admissions					649,954	481,975
Shop income					192,619	126,835
Cafe income					346,992	175,842
Tours					1,829	411
Event income					23,173
Brass rubbing		and	heraldry	centre income	33,002	2,811
Weddings					6,250	833
					1,253,819	788,707
INVESTMENT		INCOME
					Period
					1.11.21
					to	Year Ended
					31.1.23	31.10.21 f
Interest received					5,152	13
RAISING FUNDS
Raising donations			and legacies
					Period
					1.11.21
					to	Year Ended
					31.1.23	31.10.21
					f	F
Admissions	Wages				24,566	21,280
Tour guides	wages				30,419	21,322
					54,985	42,602

RAISING FUN	RAISING FUN	RAISING FUN	DS - continued
Other trading			activities
						Period
						1.11.21
						to	Year Ended
						31.1.23	31.10.21
						F	F
Opening	stock					40,900	85,907
Purchases						237,952	108,428
Closing stock						(88,780)	(40,900)
Staff costs						284,934	137,038
Cleaning						1,972	561
Protective		clothing				2,972	1,982
Training						1,588	455
Wages						239,124	143,566
						720,662	437,037
Aggregate		amounts				775,647	479,639
CHARITABLE			ACTIVITIES COSTS
						Support
					Direct	costs (see
					Costs	note 7)	Totals
					F	F
Castle					260,306	333,947	594,253
SUPPORT		COSTS
				Management	Finance	Other	Totals
				F		F	F
Castle				53,819	32,643	247,485	333,947

STAFF COSTS
				Period
				1.11.21
				to	Year Ended
				31.1.23 f	31.10.21 f
Wages and salaries				309,325	147,916
Other pension costs				38,667	27,062
				347,992	174,978
The average monthly	number of	employees	during the period was as follows:
				Period
				1.11.21
				to	Year Ended
				31.1.23	31.10.21
Trust Employees				19
Pembroke Castle Shop Ltd Employees				24
				43
COMPARATIVES FOR THE STATEMENT			OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			fund	fundf	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies			26,570		26,570
Other trading activities			788,707		788,707
Investment income			13		13
Other income			158,351		158,351
Total			973,641		973,641
EXPENDITURE ON
Raising funds			479,639		479,639
Charitable activities
Castle			285,879		285,879
Total			765,518		765,518
NET INCOME			208,123		208,123
RECONCILIATION	OF FUNDS
Total funds brought	forward		1,349,516		1,349,516
TOTAL FUNDS CARRIED FORWARD			1,557,639		1,557,639

TANGIBLE FIXEDASSETS
				Displays,
			Improvements	tableaux
		Freehold	to	and
		property	property	equipment
		F		F
COST
At 1 November 2021		477,896	1,050,945	724,190
Additions			9,488	32,094
At 31 January 2023		477,896	1,060,433	756,284
DEPRECIATION
At 1 November 2021		39,732	895,108	513,777
Charge for year		11,758	45,856	45,191
At 31 January 2023		51,490	940,964	558,968
NET BOOK VALUE
At 31 January 2023		426,406	119,469	197,316
At 31 October 2021		438,164	155,837	210,413
	Cafe and
	brass	Motor	Office
	rubbing	vehicles	equipment	Totals
	F
COST
At 1 November 2021	117,615	38,138	50,686	2,459,470
Additions	14,385		15,759	71,726
At 31 January 2023	132,000	38,138	66,445	2,531,196
DEPRECIATION
At 1 November 2021	85,607	38,138	31,219	1,603,581
Charge for year	5,808		6,030	114,643
At 31 January 2023	91,415	38,138	37,249	1,718,224
NET BOOK VALUE
At 31 January 2023	40,585		29,196	812,972
At 31 October 2021	32,008		19,467	855,889

MARKET VALUE
At 1 November 2021 and 31 January 2023
NET BOOK VALUE
At 31 January 2023
At 31 October 2021

	Pembroke Castle Shop	Limited	Limited	Limited	is registered	and Wales, the registration	number of this company	number of this company
	4911799.The Trust owns		100'/o		ofthe issued share capital.
13.	STOCKS
							2023 f	2021 f
	Stocks						88,780	40,900
14.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
							2023	2021
								F
	Trade debtors						20,881	22,086
	Other debtors						36,605	31,775
	VAT						8,476
	Prepayments						9,869	8,935
							75,831	62,796
15.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE			YEAR
							2023	2021
							F
	Bank loans and overdrafts		(see		note 17)		21,297
	Trade creditors						18,326	41,611
	Taxation and social security							25,833
	Other creditors						79,634	38,873
							119,257	106,317
16.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
							2023 F	2021 f
	Bank loans (see note 17)						50,548	95,810
17.	LOANS
	An analysis ofthe maturity		of	loans is given below:
							2023	2021
							F	F
	Amounts falling due within		one		year on demand:
	Bank loans						21,297
	Amounts falling between	one		and two years:
	Bank loans - 1-2years							21,297
	Amounts falling due between			two and five years:
	Bank loans - 2-5 years						50,548	74,513

												2023	2021
												F
	Accruals	and	deferred		income							35,687	43,620
19.	MOVEMENT		IN	FUNDS
												Net
											At	movement	At
											1.11.21	in funds	31.1.23
											F		F
	Unrestricted		funds
	General	fund									1,557,639	(31,546)	1,526,093
	TOTAL	FUNDS									1,557,639	(31,546)	1,526,093
	Net movement		in funds,			included			in	the above	are as follows:
											Incoming	Resources	Movement
											resources	expended	in funds
											F		F
	Unrestricted		funds
	General	fund									1,338,354	(1,369,900)	(31,546)
	TOTAL	FUNDS									1,338,354	(1,369,900)	(31,546)
	Comparatives		for movement					in	funds
												Net
											At	movement	At
											1.11.20	in funds	31.10.21 f
	Unrestricted		funds
	General	fund									1,349,516	208,123	1,557,639
	TOTAL	FUNDS									1,349,516	208,123	1,557,639
	Comparative		net	movement			in	funds,		included	in the above are as follows:
											Incoming	Resources	Movement
											resources F	expended f	in funds F.
	Unrestricted		funds
	General	fund									973,641	(765,518)	208,123
	TOTAL	FUNDS									973,641	(765,518)	208,123

During the ye	ar the	trust	recei	ved the following grants in rela	tion to the covid 19pandemic.
					31stJan 2023	2021
					F
HM Revenue	8 Customs		-CJRS			64,363
Welsh Government		Business		Rate Grant		22,000
Welsh Government		Business		Grant	6,000	14,267
					6,000	100,630

A summary of	the	results of Pembroke Castle Shop Limited is give	n below:
		PROFIT AND LOSS ACCOUNT
			Period	Year
			01.11.21to	Ended31.10.2
			31.01.23	1
TURNOVER			572,613	362,442
Cost ofSales			-512,006	-304,472
GROSS PROFIT			60,607	57,970
Administrative	Expenses		-98,498	-50,861
OPERATING	(LOSS)/PROFIT		-37,891	7,109
Interest payable		and similar expenses	-1,323	-247
(LOSS)/PROFIT		FOR THE FINANCIAL
PERIOD			-39,214	6,862

			FOR THE PERIOD 1 NOVEMBER 202	1 TO 31 JANUARY 2023
				Period
					Year Ended
				to
				31.1.23	31.10.21
				E	f
INCOME AND	ENDOWMENTS
Donations and	legacies
Donations				4,982	52
Gift aid				66,855	26,518
				71,837	26,570
Other trading	activities
Admissions				649,954	481,975
Shop income				192,619	126,835
Cafe income				346,992	175,842
Tours				1,829	411
Event income				23,173
Brass rubbing and heraldry			centre income	33,002	2,811
Weddings				6,250	833
				1,253,819	788,707
Investment income
Interest received				5,152	13
Other income
Sundry receipts				1,546	767
Government Grants		Received		6,000	157,584
				7,546	158,351
Total incoming	resources			1,338,354	973,641
EXPENDITURE
Raising donations		and legacies
Admissions Wages				24,566	21,280
Tour guides wages				30,419	21,322
				54,985	42,602
Other trading	activities
Opening stock				40,900	85,907
Purchases				237,952	108,428
Wages				284,934	137,038
Cleaning				1,972	561
Protective clothing				2,972	1,982
Training				1,588	455
Wages				239,124	143,566
Closing stock				(88,780)	(40,900)
				720,662	437,037
Charitable activities
Brass rubbing	and heraldry		centre wages	24,391	10,878
Carried forward				24,391	10,878

			FOR THE PERIOD 1 NOVEMBER 2021	TO 31 JANUARY 2023
				Period 1.11.21	year Ended
				to
				31.1.23	31.10.21
				f.
Charitable activities
Brought forward				24,391	10,878
Advertising				15,280	6,156
General repairs		and maintenance		107,003	42,589
Events and activities				75,455	6,950
Brass rubbing	and heraldry		centre purchases	5,452	48
Motor expenses				200	71
Property repairs		and refurbishment		32,525
				260,306	66,692
Support costs
Management
Trustees' expenses				726
Hire of plant	and machinery			30,242	8,734
Accountancy				13,206	11,230
Professional	fees			1,895	3,374
Audit fee				7,750
Independent	Examination				3,950
				53,819	27,288
Finance
Bank charges				29,987	18,448
Bank loan interest				2,656	247
				32,643	18,695
Other
Pensions				38,667	27,062
Water				6,507	3,142
Insurance				21,590	15,134
Light and heat				34,417	8,945
Telephone				3,222	2,244
Postage and	stationery			12,758	9,923
Sundries				5,875	6,934
Management		travel expenses		349	74
Licences				14,005	8,477
Subscriptions		and membership		2,349	1,386
Website maintenance				1,036	805
Release ofcapital grant				(7,933)	(7,698)
Depreciation	charge			114,643	96,776
				247,485	173,204
Total resources		expended		1,369,900	765,518
Net (expenditure)/income				(31,546)	208,123