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REGISTERED COMPANY NUMBER: 06525181 (England and Wales)
REGISTERED CHARITY NUMBER: 1138919













UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023

FOR

CAREW CHERITON CONTROL TOWER GROUP

CAREW CHERITON CONTROL TOWER GROUP






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Report of the Trustees 1 to 3

Independent Examiner's Report 4

Statement of Financial Activities 5

Balance Sheet 6 to 7

Notes to the Financial Statements 8 to 13

CAREW CHERITON CONTROL TOWER GROUP (REGISTERED NUMBER: 06525181)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES
Objectives and aims
To educate the public in the history of the two world wars. The restoration, preservation and interpretation of structures and artefacts in Carew Cheriton and Pembrokeshire for the public benefit. To be a focal point for the history of Pembrokeshire in the two world wars and a memorial to those who served there.

To give talks and guided visits to schools and groups.

To be open to the public for guided visits.

To restore and maintain our artefacts and buildings.

To research and record relevant history.

All working hours are voluntary and include visits, ground and building maintenance.

Public benefit
The trustees are aware of the need for the group activities to benefit the public. The group aims to increase its membership and activities.

Volunteers
The Charity's volunteers have received visitors, restored and preserved artifacts and carried out improvements and maintenance to the site.

The average age of the volunteers is increasing and will cause problems if younger volunteers are not recruited.

ACHIEVEMENT AND PERFORMANCE
Charitable activities
Schools, groups and members of the public have increased their knowledge of WW1 and WW2 social and military history.

People are more aware of the importance of the airfield activities and the input and sacrifices made by local and military people.

The group continues to receive artefacts and memories from the descendants of those who served at the airfield.

Wings Over Carew event was held during the summer, which proved very successful, despite the weather.

Restoration on the Anson aircraft has made progress.

Public visits have been the main fundraiser along with the event day.

School visits have not recovered from pre covid.

FINANCIAL REVIEW
Reserves policy
The Charity aims to hold a minimum of £5,000 in its bank account. Reserves are held to pay for essential outgoings should income be reduced by lower visitor numbers, unforeseen circumstances and other problems. It would cover essential costs for at least 1 year.


CAREW CHERITON CONTROL TOWER GROUP (REGISTERED NUMBER: 06525181)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


FINANCIAL REVIEW
Sources of funding are:

- Grants
- Donations
- Admission fees
- Events
- Museum shop sales
- Membership fees

Money from the above is used to improve and maintain the facilities and pay for services. This is a community project open to all. It has become an important part of local activities.

The average age of the volunteers is increasing and will cause problems if not lowered.

A Subsidiary trading company "Wings Over West Wales Limited" has been formed to carry out the basic business activities.

The Charity recorded a surplus of £6,610 for the year. The Trustees are satisfied that sufficient reserves are in place for the charity to continue in operation for at least the next twelve months.

STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees
Trustees are appointed from within the group membership, are known by existing trustee and have abilities beneficial to the group.

REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06525181 (England and Wales)

Registered Charity number
1138919

Registered office
Briarville
Whitehill
Cresselly
Pembrokeshire
SA68 0TT

Trustees
D J Brock
H W Brock
M R Hyde
A F Fieldhouse
J Harris
G Williams

Company Secretary
M R Hyde

Independent Examiner
Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

COMMENCEMENT AS A CHARITY
The company became a registered charity on the 10th November 2010.

CAREW CHERITON CONTROL TOWER GROUP (REGISTERED NUMBER: 06525181)

REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023


Approved by order of the board of trustees on 5 March 2024 and signed on its behalf by:





M R Hyde - Secretary

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CAREW CHERITON CONTROL TOWER GROUP

Independent examiner's report to the trustees of Carew Cheriton Control Tower Group ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023.

Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.








Caroline Wheeler

Bevan Buckland LLP
Chartered Accountants
Castle Chambers
6 Westgate Hill
Pembroke
Pembrokeshire
SA71 4LB

Date: .............................................

CAREW CHERITON CONTROL TOWER GROUP

STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 13,417 18,107

Other trading activities 3 6,597 10,690
Total 20,014 28,797

EXPENDITURE ON
Raising funds 1,664 3,629


Other 11,740 17,533
Total 13,404 21,162

NET INCOME 6,610 7,635


RECONCILIATION OF FUNDS
Total funds brought forward 21,589 13,954

TOTAL FUNDS CARRIED FORWARD 28,199 21,589

CAREW CHERITON CONTROL TOWER GROUP (REGISTERED NUMBER: 06525181)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Unrestricted Total
fund funds
Notes £    £   
FIXED ASSETS
Tangible assets 7 208,502 201,975
Heritage assets 8 4,350 4,400
Investments 9 1 1
212,853 206,376

CURRENT ASSETS
Debtors 10 643 9,081
Cash at bank 13,952 6,690
14,595 15,771

CREDITORS
Amounts falling due within one year 11 (10,402 ) (10,401 )

NET CURRENT ASSETS 4,193 5,370

TOTAL ASSETS LESS CURRENT LIABILITIES 217,046 211,746

CREDITORS
Amounts falling due after more than one year 12 (188,847 ) (190,157 )

NET ASSETS 28,199 21,589
FUNDS 13
Unrestricted funds 28,199 21,589
TOTAL FUNDS 28,199 21,589

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.


The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.


The trustees acknowledge their responsibilities for
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


CAREW CHERITON CONTROL TOWER GROUP (REGISTERED NUMBER: 06525181)

BALANCE SHEET - continued
31 DECEMBER 2023

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.


The financial statements were approved by the Board of Trustees and authorised for issue on 5 March 2024 and were signed on its behalf by:





M R Hyde - Trustee





D J Brock - Trustee

CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


Freehold property - 2% on cost and Nil on land
Improvements to property - 2% on cost
Plant and machinery - 25% reducing balance

Heritage assets
The charity holds an Avro Ansen airframe and engine which is included in the balance sheet as a heritage assets.

In addition to the Avro Ansen airframe and engine the charity holds a number of artifacts that are considered heritage assets. These items are not recognised in the balance sheet as cost information is not readily available and the trustees believe that the benefits of obtaining valuations for these artifacts would not justify the cost. Nearly all the items are thought to have a financial value of less than £50 and as far the trustees are aware no individual item is worth more than £500.

The intention of the trustees is to hold these items of memorabilia in good condition for display in the future however, subject to the approval of the trustees items may be disposed of. This would only happen in exceptional circumstances for example when an item can not be properly displayed or the disposal proceeds could be used to purchase a better example.

Taxation
The charity is exempt from corporation tax on its charitable activities.

Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Grants
Grant income is credited to income on receipt.


CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES
2023 2022
£    £   
Donations 13,017 10,826
Grants - 6,821
Subscriptions 400 460
13,417 18,107

Grants received, included in the above, are as follows:

2023 2022
£    £   
Pembrokeshire County Council - 6,821

3. OTHER TRADING ACTIVITIES
2023 2022
£    £   
Fundraising events 5,952 10,071
Shop income 645 619
6,597 10,690

4. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 1,818 1,667

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.


Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022.


6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£   
INCOME AND ENDOWMENTS FROM
Donations and legacies 18,107

Other trading activities 10,690
Total 28,797

EXPENDITURE ON
Raising funds 3,629


Other 17,533
Total 21,162

CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£   

NET INCOME 7,635


RECONCILIATION OF FUNDS
Total funds brought forward 13,954

TOTAL FUNDS CARRIED FORWARD 21,589

7. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 January 2023 208,078 4,464 3,867 216,409
Additions - 8,345 - 8,345
At 31 December 2023 208,078 12,809 3,867 224,754
DEPRECIATION
At 1 January 2023 10,363 413 3,658 14,434
Charge for year 1,512 255 51 1,818
At 31 December 2023 11,875 668 3,709 16,252
NET BOOK VALUE
At 31 December 2023 196,203 12,141 158 208,502
At 31 December 2022 197,715 4,051 209 201,975

Freehold property of £132,500 relates to land.

8. HERITAGE ASSETS
Total
£   
MARKET VALUE
At 1 January 2023 and 31 December 2023 5,000
PROVISIONS
At 1 January 2023 600
Charge for year 50
At 31 December 2023 650
NET BOOK VALUE
At 31 December 2023 4,350
At 31 December 2022 4,400


CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

9. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
MARKET VALUE
At 1 January 2023 and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

There were no investment assets outside the UK.

Wings Over West Wales Limited is registered in England and Wales, the registration number of this company is 9824632. The Charity owns 100% of the issued share capital.

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 13 8,915
VAT 630 166
643 9,081

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 10,001 10,001
Accrued expenses 401 400
10,402 10,401

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Deferred grants 188,847 190,157

13. MOVEMENT IN FUNDS
Net
movement At
At 1.1.23 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 21,589 6,610 28,199

TOTAL FUNDS 21,589 6,610 28,199

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 20,014 (13,404 ) 6,610

TOTAL FUNDS 20,014 (13,404 ) 6,610


CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

13. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.1.22 in funds 31.12.22
£    £    £   
Unrestricted funds
General fund 13,954 7,635 21,589

TOTAL FUNDS 13,954 7,635 21,589

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 28,797 (21,162 ) 7,635

TOTAL FUNDS 28,797 (21,162 ) 7,635

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.1.22 in funds 31.12.23
£    £    £   
Unrestricted funds
General fund 13,954 14,245 28,199

TOTAL FUNDS 13,954 14,245 28,199

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 48,811 (34,566 ) 14,245

TOTAL FUNDS 48,811 (34,566 ) 14,245


CAREW CHERITON CONTROL TOWER GROUP

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023.

15. GRANTS RECEIVED

During 2008 the charity received a grant from the Welsh Assembly Government relating to the purchase of land at Carew Airfield, the grant amount was £132,500. A condition of the grant is that if the land is disposed of 50% of the profit will have to be given to Pembrokeshire Coast National Parks Authority.

During 2016 the charity received a Military Of Defence Community Covenant Grant relating to the building of a shed at Carew Airfield, the grant was for £65,520. All conditions were met and no amounts are outstanding at the year end.

During 2022 the charity received a grant of £6,821 from Pembrokeshire County Council. The grant relates to the roof repairs required on the roof of the classroom. The grant was spent in full and no amounts are outstanding.