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





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|||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<br>and|legacies|||2|71,837||71,837|26,570|
|Other trading|activities|||3|1,253,819||1,253,819|788,707|
|Investment<br>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<br>funds|||||775,647||775,647|479,639|
|Charitable<br>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<br>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<br>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<br>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<br>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<br>from operations||||||3,396|333,745|
|Interest<br>paid||||||(2,656)|(247)|
|Net cash provided|by operating<br>activities|||||740|333,498|
|Cash flows from|investing||activities|||||
|Purchase<br>oftangible<br>fixed assets||||||(71,726)|(13,759)|
|Interest received||||||5,152|13|
|Net cash used<br>in|investing|activities||||(66,574)|(13,746)|
|Cash flows from|financing||activities|||||
|Loan repayments|in year|||||(23,965)|(4,190)|
|Net cash used<br>in|financing||activities|||(23,965)|(4,190)|
|Change<br>in cash|and cash||equivalents|in||||
|the reporting<br>period||||||(89,799)|315,562|
|Cash and cash equivalents|||at the|||||
|beginning<br>ofthe|reporting||period|||843,800|528,238|
|Cash and cash equivalents|||at the end|of||||
|the reporting<br>period||||||754,001|843,800|





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|||||||||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<br>paid||||||||2,656|247|
|(Increase)/decrease||||in stocks||||(47,880)|45,007|
|Increase<br>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<br>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|



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||||||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<br>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|





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|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|



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





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## 

|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
|||||Displays,|
||||Improvements|tableaux|
|||Freehold|to|and|
|||property|property|equipment|
|||F||F|
|COST|||||
|At 1 November<br>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<br>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<br>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<br>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|



## 

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|MARKET VALUE|
|---|
|At 1 November<br>2021 and 31 January 2023|
|NET BOOK VALUE|
|At 31 January 2023|
|At 31 October 2021|





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## 

||Pembroke<br>Castle Shop|Limited|Limited|Limited|is registered|in England|and Wales, the registration|number<br>of this company|number<br>of this company|is|
|---|---|---|---|---|---|---|---|---|---|---|
||4911799.The Trust owns||100'/o||ofthe issued share capital.||||||
|13.|STOCKS||||||||||
|||||||||2023<br>f|2021<br>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<br>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<br>F|2021<br>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<br>falling due within||one||year on demand:||||||
||Bank loans|||||||21,297|||
||Amounts<br>falling between|one||and two years:|||||||
||Bank loans - 1-2years||||||||21,297||
||Amounts<br>falling due between|||two and five years:|||||||
||Bank loans - 2-5 years|||||||50,548|74,513||





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|||||||||||||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<br>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<br>F|expended<br>f|in funds<br>F.|
||Unrestricted||funds|||||||||||
||General|fund|||||||||973,641|(765,518)|208,123|
||TOTAL|FUNDS|||||||||973,641|(765,518)|208,123|





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|During the ye|ar the|trust|recei|ved the following<br>grants<br>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|



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|A summary<br>of|the|results of Pembroke<br>Castle Shop Limited<br>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<br>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<br>and heraldry|||centre income|33,002|2,811|
|Weddings||||6,250|833|
|||||1,253,819|788,707|
|Investment<br>income||||||
|Interest received||||5,152|13|
|Other income||||||
|Sundry receipts||||1,546|767|
|Government<br>Grants||Received||6,000|157,584|
|||||7,546|158,351|
|Total incoming|resources|||1,338,354|973,641|
|EXPENDITURE||||||
|Raising donations||and legacies||||
|Admissions<br>Wages||||24,566|21,280|
|Tour guides wages||||30,419|21,322|
|||||54,985|42,602|
|Other trading|activities|||||
|Opening<br>stock||||40,900|85,907|
|Purchases||||237,952|108,428|
|Wages||||284,934|137,038|
|Cleaning||||1,972|561|
|Protective<br>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<br>activities||||||
|Brass rubbing|and heraldry||centre wages|24,391|10,878|
|Carried<br>forward||||24,391|10,878|





## 

||||FOR THE PERIOD 1 NOVEMBER 2021|TO 31 JANUARY 2023||
|---|---|---|---|---|---|
|||||Period<br>1.11.21|year Ended|
|||||to||
|||||31.1.23|31.10.21|
|||||f.||
|Charitable<br>activities||||||
|Brought forward||||24,391|10,878|
|Advertising||||15,280|6,156|
|General<br>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<br>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|