REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
31 DECEMBER 2023 |
FOR |
CAREW CHERITON CONTROL TOWER GROUP |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
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 |
Registered Charity number |
Registered office |
Trustees |
Company Secretary |
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 |
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 |
Other trading activities | 3 |
Total |
EXPENDITURE ON |
Raising funds |
Other |
Total |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 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 |
Heritage assets | 8 |
Investments | 9 |
CURRENT ASSETS |
Debtors | 10 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 11 | ( |
) | ( |
) |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 12 | ( |
) | ( |
) |
NET ASSETS |
FUNDS | 13 |
Unrestricted funds | 21,589 |
TOTAL FUNDS | 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 |
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 | - |
Improvements to property | - |
Plant and machinery | - |
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 |
Grants |
Subscriptions |
Grants received, included in the above, are as follows: |
2023 | 2022 |
£ | £ |
Pembrokeshire County Council | - | 6,821 |
3. | OTHER TRADING ACTIVITIES |
2023 | 2022 |
£ | £ |
Fundraising events |
Shop income |
4. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
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 |
Other trading activities |
Total |
EXPENDITURE ON |
Raising funds |
Other |
Total |
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 |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 21,589 |
7. | TANGIBLE FIXED ASSETS |
Improvements |
Freehold | to | Plant and |
property | property | machinery | Totals |
£ | £ | £ | £ |
COST |
At 1 January 2023 |
Additions |
At 31 December 2023 |
DEPRECIATION |
At 1 January 2023 |
Charge for year |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
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 |
At 31 December 2022 |
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 |
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 |
VAT |
11. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other creditors |
Accrued expenses |
12. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Deferred grants |
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 | 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 | ( |
) | 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 |
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. |