ABERGLASNEY RESTORATION TRUST
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.
What the accounts disclose
“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
“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
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Eifion Wyn Bowenchair
- DAVID ROGER EVANS
- Eleanor Keatley
- GWYNETH HAYWARD
- Huw Meredith
- IAN HOWELL
- PETER BURGESS
- PHILLIP GEORGE HERBERT RATCLIFFE
- ROBERT PUGH
- Thomas Owen Saunders Lloyd
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.2m |
| 31/03/2024 | £1.2m | £1.2m |
| 31/03/2023 | £1.1m | £1.1m |
| 31/03/2022 | £977k | £876k |
| 31/03/2021 | £771k | £568k |
Common questions
Is ABERGLASNEY RESTORATION TRUST financially healthy?
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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 19/09/2013 | £1.1m | "A heritage horticultural training and plant production facility" |
| The National Lottery Heritage Fund | 30/03/2007 | £24k | "The Further Restoration of Aberglasney Mansion" |
| The National Lottery Heritage Fund | 14/12/1998 | £154k | "Aberglasney Historic House & Gardens" |
| The National Lottery Heritage Fund | 22/04/1997 | £647k | "Carmarthen, Aberglasney Historic House And Gardens" |