| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Cwmni Beddgelert Cyf |
| REGISTERED COMPANY NUMBER: |
| REGISTERED CHARITY NUMBER: |
| Report of the Trustees and |
| Unaudited Financial Statements for the Year Ended 30 November 2024 |
| for |
| Cwmni Beddgelert Cyf |
| Cwmni Beddgelert Cyf |
| Contents of the Financial Statements |
| for the Year Ended 30 November 2024 |
| Page |
| Report of the Trustees | 1 | to | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| Cwmni Beddgelert Cyf (Registered number: 03469285) |
| Report of the Trustees |
| for the Year Ended 30 November 2024 |
| 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 30 November 2024. 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). |
| Cwmni Beddgelert Cyf was formed in 1997 to take over the old Capel Cysegr (familiarly known as Capel Bach). On formation the company had eight volunteer directors, two of whom were trustees of the original Chapel. |
| The main aim of the company was to raise funds to completely renovate and secure the future of the building which is situated in such a prominent site and to ensure it was kept for the benefit of the village. The company was registered as a charity and the building was renamed Canolfan Hebog. |
| After a couple of years of hard work fund raising and match funding renovations were completed in 1999, when the main part was leased to the Snowdonia National Park where, to this day, they run a very successful tourist information centre. The Ganolfan also has an IT room equipped with seven computers which are available for use by the public via the TIC centre and where IT courses can be held. Upstairs has three rooms, one of which is occupied by the SNP warden, the second was, until recently, used by North Wales Police as a Police Post and the third is a small meeting room which is available for hire. |
| Around 2010, Cwmni Beddgelert Cyf acquired the Snooker Club which had, until then, been maintained by the few remaining members of Snowdonia Billies who had formed to renovate and keep the club going for the use of members. |
| OBJECTIVES AND ACTIVITIES |
| Objectives and aims |
| To promote the benefit of the inhabitants of, and visitors to Beddgelert; to advance the education and to provide the facilities in the interest of social welfare for recreation and other leisure-time occupations with the object of improving their conditions of life. |
| FINANCIAL REVIEW |
| Principal funding sources |
| The principle funding source for the company was through the provision of facilities associated with it's primary objectives. |
| Reserves policy |
| It is the view of the trustees a that sufficient reserves should be maintained to enable the charitable activities to continue for at least twelve months even if no incoming resources were received. |
| STRUCTURE, GOVERNANCE AND MANAGEMENT |
| Governing document |
| The charitable company is governed by its governing documents, it's memorandum and articles of association, and constitutes a limited company,limited by guarantee, as defined by the Companies Act 2006. |
| The company was incorporated on 21 November 1997 and its governing documents were amended by way of a special resolution on 31 May 2000. Soon after on 28 June 2000, the company was registered as charity at the Charity Commission. |
| REFERENCE AND ADMINISTRATIVE DETAILS |
| Registered Company number |
| Registered Charity number |
| Cwmni Beddgelert Cyf (Registered number: 03469285) |
| Report of the Trustees |
| for the Year Ended 30 November 2024 |
| Registered office |
| Trustees |
| Company Secretary |
| Approved by order of the board of trustees on |
| Cwmni Beddgelert Cyf |
| Statement of Financial Activities |
| for the Year Ended 30 November 2024 |
| 30.11.24 | 30.11.23 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| INCOME AND ENDOWMENTS FROM |
| Donations and legacies | ( |
) | ( |
) |
| Charitable activities |
| Investment income | 2 |
| Total |
| EXPENDITURE ON |
| Other |
| NET INCOME/(EXPENDITURE) | ( |
) | ( |
) |
| RECONCILIATION OF FUNDS |
| Total funds brought forward |
| TOTAL FUNDS CARRIED FORWARD | 224,370 |
| Cwmni Beddgelert Cyf (Registered number: 03469285) |
| Balance Sheet |
| 30 November 2024 |
| 30.11.24 | 30.11.23 |
| Unrestricted | Total |
| fund | funds |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 6 |
| CURRENT ASSETS |
| Debtors | 7 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 8 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| NET ASSETS |
| FUNDS | 9 |
| Unrestricted funds | 224,370 |
| TOTAL FUNDS | 224,370 |
| The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024. |
| The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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. |
| Cwmni Beddgelert Cyf (Registered number: 03469285) |
| Balance Sheet - continued |
| 30 November 2024 |
| 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 |
| Cwmni Beddgelert Cyf |
| Notes to the Financial Statements |
| for the Year Ended 30 November 2024 |
| 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. |
| The charitable company constitutes a public benefit entity and the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Consequently, these financial statements have been prepared on the assumption that the charity is able to carry on its activities as a going concern. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). |
| 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 | - |
| Fixtures and fittings | - |
| Taxation |
| The charity is exempt from corporation tax on its charitable activities. |
| The charity is also registered for value added tax under the registration number 720 7934 36 and in line with accounting convention the financial statements are prepared on the basis that, where applicable, all necessary figures are disclosed net of value added tax. Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. |
| 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. |
| Cwmni Beddgelert Cyf |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 2. | INVESTMENT INCOME |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Deposit account interest |
| 3. | NET INCOME/(EXPENDITURE) |
| Net income/(expenditure) is stated after charging/(crediting): |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Depreciation - owned assets |
| 4. | TRUSTEES' REMUNERATION AND BENEFITS |
| There were no trustees' remuneration or other benefits for the year ended 30 November 2024 nor for the year ended 30 November 2023. |
| Trustees' expenses |
| There were no trustees' expenses paid for the year ended 30 November 2024 nor for the year ended 30 November 2023. |
| 5. | STAFF COSTS |
| The company did not have any employees nor did it incur any staffing costs in the two years ended on 30 November 2022. |
| 6. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 December 2023 and 30 November 2024 |
| DEPRECIATION |
| At 1 December 2023 |
| Charge for year |
| At 30 November 2024 |
| NET BOOK VALUE |
| At 30 November 2024 |
| At 30 November 2023 |
| Cwmni Beddgelert Cyf |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| VAT |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.11.24 | 30.11.23 |
| £ | £ |
| Trade creditors |
| Accrued expenses |
| 9. | MOVEMENT IN FUNDS |
| Net |
| At | movement | At |
| 1.12.23 | in funds | 30.11.24 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 224,370 | (3,389 | ) | 220,981 |
| TOTAL FUNDS | (3,389 | ) | 220,981 |
| Net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 9,546 | (12,935 | ) | (3,389 | ) |
| TOTAL FUNDS | ( |
) | (3,389 | ) |
| Comparatives for movement in funds |
| Net |
| At | movement | At |
| 1.12.22 | in funds | 30.11.23 |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 227,171 | (2,801 | ) | 224,370 |
| TOTAL FUNDS | 227,171 | (2,801 | ) | 224,370 |
| Cwmni Beddgelert Cyf |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 November 2024 |
| 9. | MOVEMENT IN FUNDS - continued |
| Comparative net movement in funds, included in the above are as follows: |
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds |
| General fund | 8,031 | (10,832 | ) | (2,801 | ) |
| TOTAL FUNDS | 8,031 | (10,832 | ) | (2,801 | ) |
| 10. | RELATED PARTY DISCLOSURES |