REGISTERED NUMBER: 02940086 (Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Tabernacl (Bethesda) Cyf.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTORS:

Mr O A Davies

Mr G Jones

Mr R P Roberts

Mr R L Jones

REGISTERED OFFICE:

Neuadd Ogwen

Stryd Fawr

Bethesda

Bangor

Gwynedd

LL57 3AN

REGISTERED NUMBER:

02940086 (Wales)

ACCOUNTANTS:

Emyr Mortimer Cyf

32 Y Maes

Caernarfon

Gwynedd

LL55 2NN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,961,973

1,906,041

1,961,973

1,906,041

CURRENT ASSETS

Stocks

6,000

6,000

Debtors

6

17,367

27,264

Cash at bank and in hand

70,811

45,430

94,178

78,694

CREDITORS

Amounts falling due within one year

7

77,338

51,941

NET CURRENT ASSETS

16,840

26,753

TOTAL ASSETS LESS CURRENT LIABILITIES

1,978,813

1,932,794

CREDITORS

Amounts falling due after more than one year

8

(286,666

)

(240,753

)

PROVISIONS FOR LIABILITIES

(614

)

-

ACCRUALS AND DEFERRED INCOME

(1,748,478

)

(1,754,682

)

NET LIABILITIES

(56,945

)

(62,641

)

RESERVES

Income and expenditure account

(56,945

)

(62,641

)

(56,945

)

(62,641

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which 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 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 company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

Mr O A Davies - Director

1.	STATUTORY INFORMATION

Tabernacl (Bethesda) Cyf. is a private company, limited by guarantee , registered in Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Land and buildings

-

4% on cost and 2% on cost

Plant and machinery etc

-

25% on cost, 20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to surplus or deficit on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

95,000

AMORTISATION

At 1 July 2024

and 30 June 2025

95,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

-

The goodwill relates to the purchase of Y Fictoria and is being amortised over 5 years. This was financed by a 20 year debenture from WCVA.

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 July 2024

2,120,810

129,614

2,250,424

Additions

114,514

4,085

118,599

At 30 June 2025

2,235,324

133,699

2,369,023

DEPRECIATION

At 1 July 2024

227,312

117,071

344,383

Charge for year

51,737

10,930

62,667

At 30 June 2025

279,049

128,001

407,050

NET BOOK VALUE

At 30 June 2025

1,956,275

5,698

1,961,973

At 30 June 2024

1,893,498

12,543

1,906,041

Freehold property consist of capital expenditure on Neuadd Ogwen and Y Fictoria. The capital expenditure of Neuadd Ogwen was 100% grant funded and is being amortised in line with the depreciation policy. The purchase of Y Fictoria, including associated equipment and fittings, was funded by a 20 year debenture from WCVA. Neuadd Ogwen has charges registered by The Big Lottery Fund and The Welsh Ministers. Y Fictoria has a charge registered by WCVA.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Other debtors

17,367

27,264

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade creditors

2,066

2,066

Taxation and social security

692

-

Other creditors

74,580

49,875

77,338

51,941

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans

7,268

11,721

Other creditors

279,398

229,032

286,666

240,753

Included within other creditors is a balance of the £250,000 WCVA debenture that was received in January 2018 to purchase Y Fictoria and is repayable by monthly instalments over 20 years.

9.	SECURED DEBTS

The following charges have been registered at Companies House:

1. Charge code: 0294 0086 0003

Created : 26 January 2018

Persons entitled: Wales Council for Voluntary Action

Brief description: A debenture, including a charge over Y Fictoria, High Street, Bethesda, Bangor, LL57 3AN. Property title number WA940514.

2. Charge code: 0294 0086 0002

Created: 28 May 2014

Persons entitled: The Welsh Ministers

Brief description: A mortgage, including a charge over Neuadd Ogwen, High Street, Bethesda, Bangor, LL57 3AN. Property title number CYM606006.

3. Charge code: 0294 0086 0001

Created: 20 February 2014

Persons entitled: Big Lottery Fund

Brief description: A legal charge over Neuadd Ogwen, High Street, Bethesda, Bangor, LL57 3AN. Property title number CYM606006.

10.	RELATED PARTY DISCLOSURES

The directors have considered the related party disclosure requirements and have concluded that there was nothing to disclose (2024: Nil).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tabernacl (Bethesda) Cyf. for the year ended 30 June 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Tabernacl (Bethesda) Cyf., as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tabernacl (Bethesda) Cyf. and state those matters that we have agreed to state to the Board of Directors of Tabernacl (Bethesda) Cyf., as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tabernacl (Bethesda) Cyf. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Tabernacl (Bethesda) Cyf. has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tabernacl (Bethesda) Cyf.. You consider that Tabernacl (Bethesda) Cyf. is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tabernacl (Bethesda) Cyf.. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Emyr Mortimer Cyf

32 Y Maes

Caernarfon

Gwynedd

LL55 2NN

8 May 2026