ABERGLASNEY RESTORATION TRUST
Registered charity 1044279 · accounts filings on the Charity Commission register · also known as ABERGLASNEY GARDENS
Restoration, Preservation and Maintenance of the Historic Mansion and Gardens at Aberglasney to enable the public to visit as tourist attraction and so safe guard the heritage for the future.
Causes: Environment/conservation/heritage · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net decrease in total funds of £1,623 for the year, with unrestricted reserves standing at £3,504,693. The trustees consider the financial position to be satisfactory, citing diversified income sources and investment returns from endowment funds. The auditor issued a qualified opinion due to an inability to verify payroll expenditure resulting from a lack of internal controls in the prior year.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: surplus to operational requirements for future development, restoration and maintenance (held: £3.5m)
“Any monies and donations, considered by The Board to be surplus to operational requirements, shall be transferred to unrestricted funds, with the general intention that such reserves should be available for future development, restoration and maintenance. In the short term, the reserves are to be used on current projects.” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Governance: Internal control failure admitted by auditor
“Due to management not maintaining a system of internal control during the year ended 31st March 2024, we were unable to satisfy ourselves as to the accuracy of the payroll expenditure in the financial statements.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by LHP Audit Ltd. Discloses 5 of 6 completeness components.
Property (HM Land Registry)
9 registered titles in England and Wales held by the charity’s company or corporate body (8 freehold); recorded price paid £113k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/03/2025)
Cost of raising funds
£234k
Reported reserves equal ~34.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, largest income source: Other trading activities (46% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 20.4% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
- Eifion Wyn Bowenchair
- DAVID ROGER EVANS · trustee of 1 other charity
- Eleanor Keatley
- GWYNETH HAYWARD
- Huw Meredith
- Ian Howell
- Lisa Gerardine Chess
- PETER BURGESS
- PHILLIP GEORGE HERBERT RATCLIFFE
- ROBERT PUGH
- Thomas Owen Saunders Lloyd · trustee of 2 other charities
Trustee list from the Charity Commission register (current, not historical).
Operates in: Carmarthenshire
Income and spending
Common questions
Is ABERGLASNEY RESTORATION TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net decrease in total funds of £1,623 for the year, with unrestricted reserves standing at £3,504,693. The trustees consider the financial position to be satisfactory, citing diversified income sources and investment returns from endowment funds. The auditor issued a qualified opinion due to an inability to verify payroll expenditure resulting from a lack of internal controls in the prior year. Its FY2025 accounts were audited by LHP Audit Ltd.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Semantically similar by activities and financial character, from our analysed corpus. Compare with THE CORNWALL HERITAGE TRUST LIMITED.
Side by side with its peers
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