REGISTERED COMPANY NUMBER: 05260737 (England and Wales)

REGISTERED CHARITY NUMBER: 1120510

Strategic Report, Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Menter Y Felin Uchaf Cyf.

(A Company Limited by Guarantee)

Page

Strategic Report

1

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8

Report of the Trustees

9

to

10

Independent Examiner's Report

11

Statement of Financial Activities

12

Balance Sheet

13

to

14

Notes to the Financial Statements

15

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19

The trustees present their strategic report for the year ended 31 October 2025.

The principal activity of the charity in the year under review was that of creating a centre for cultural and environmental education and research that offers a holistic and dynamic approach to learning. All the new facilities are being created entirely through the work of trainees/apprentices and volunteers.

REVIEW OF BUSINESS

Summary

Now in the 22nd year of the initial business plan it is encouraging to note how closely the development of the project has followed the route map set out from the original vision of 2004. The model and drawings presented to the public as a travelling consultation exhibition in 2005/6 to local schools, community centres and libraries - have now been manifested to a large degree, with the establishment of a new woodland, public access footpaths throughout the 23 acre site, organic community gardens and the varied volunteer-built eco-facilities.

One of the main aims of the initiative from the outset was to enliven the cultural life of the area, creating a hub that would enrich the local biodiversity and raise awareness of the importance of conserving and enhancing our natural resources as a prerequisite to sustaining a healthy economic community life. Central to the long-term development plan was to ensure that this work was designed so as to maximise the opportunities for engaging volunteers, trainees and both from the local and wider - global community. The ambitious building and landscaping programme that was awarded planning permission back in 2006 has transformed the formerly neglected farm into a thriving community resource and a hub for cultural and educational events, skills training activities, volunteering and work experience opportunities. Though not exclusively aimed at young people - by and large the majority of the many hundreds of participants engaged through the project are younger people between the ages of 16 and 26, through to regular local volunteers are in their late 70s. Led by the dedicated group of older volunteers from the local community - the organic gardening work and habitat conservation compliments the heavy construction work underway on the new workshops and visitor facilities and succeeds in attracting a broader spectrum of volunteers. Whereas the traditional and eco-building work engages those eager to gain specific skills and experience in a particular field of interest such as carpentry or masonry.

A clear template has been established for both engaging new participants and supporting them through each stage of our range of practical training programmes. Each of the main building development programmes has been successful in attracting funding through emphasising the skills training and volunteering opportunities that have been built into them. It comes as a surprise and wonder to many of the visitors to the centre to hear that all our of our buildings and landscaping - which demonstrate a high level of craftsmanship, has been carried out entirely by trainees and volunteers, most of whom were quite unfamiliar with this kind of work beforehand. The fruits of their commitment and generosity will stand as an enduring testimony to inspire and encourage a can do attitude for people who come here in the future. Seeing is believing - one has to actually experience the fine workmanship on the massive oak framing of the boatbuilding workshop and the stunning roof carpentry of the new visitor centre, CAMAS and Observatory building to appreciate that such an achievement was possible through volunteer work alone. As such it has become one of the most photographed and widely publicised grass roots community initiatives anywhere in the UK and is listed as among the top eco-visitor attractions in Wales and is still currently the only charity with the prestigious One Planet status in western Gwynedd. This has enabled the project to obtain niche funding from. Companies wishing to make a charitable contribution toward the environment. During its development the project has been widely featured through S4C & Welsh national radio programmes, journals such as Border Life and Costal Life and in National Trust magazine articles. Photographs of our volunteer projects, included by several of our Ecoamgueddfa partners in their annual reports (https://www.ecoamgueddfa.org/?lang=en ) , promotional videos and marketing publicity. Documentaries of our skills training produced by both the Welsh Assembly

Government and the Scottish Government have been featured at national volunteering conferences as an exemplar of how remote rural communities can stimulate regeneration through their own initiative and resourcefulness. There is now a playlist, available on the Blog Page of our website, of short video's documenting the progress made by trainees and volunteers in building each one of the many eco-facilities at the centre (https://www.felinwales.org/blog )

Building CAMAS : https://www.youtube.com/watch?v=GPGzJl2Wmws&t=1s

Our unique Celtic Roundhouse /bunkhouses have enabled year-round residential volunteer with volunteers resident at both the farmhouse and the thatched volunteer roundhouse. Visiting volunteers together with the team of regular local volunteers have moved mountains of earth, stone and timber during the various landscaping and construction projects. The cost of having to have had contractors to carry out this work would have made many of these projects prohibitively expensive. In this way Felin Uchaf offers funders the best possible value for money, by carefully planning in volunteer work schedules for every building project means that we are creating both important physical community asset and, more importantly: a valuable skills asset within the community. Over the past 7 years alone, some 110 volunteers have gifted over 55,000 hours toward the project, learning new skills, gaining their confidence and team building capacity. By any standard - this is an outstanding achievement. Many volunteers write glowing testimonials describing the positive life changing experiences that they have had at the centre we are regularly requested by prospective employers or places of further training and education - to provide references for our former volunteers and trainees. Felin Uchaf is making a real difference to the lives and work prospects of many young people that participate in the centre's life and activities. Please see the website for testimonials www.felinwales.org. Several of our former local apprentices have progressed to employment with conservation or heritage organisations, or to self-employment as artisans or crafts people. Setting up their workshops locally here on the Llyn and through their initiative - contributing toward the enhancing the local rural economy and toward raising the skills portfolio of their communities.

We have also rented out some of the accommodation on site, through Hipcamp and through Airbnb in order to generate a sustainable unrestricted income to help meet running costs. https://www.felinwales.org/accommodation This has proved very popular and now in its sixth year, is generating an income that goes toward enables us to meet the monthly loan repayments well beyond the close of the traditional tourism season in late September. The change-overs, cleaning and preparation of the various eco-accommodation facilities is carried out by the resident volunteer team under the guidance and supervision of the permanent management team. We aim to expand this side of the enterprise significantly over the coming years and have applied for full planning permission to create an Eco-glamping facility on site with new eco-cabins. We now operate a wild-camping field, through Hip Camp and have recently built new shower/washrooms and compost toilet facilities to meet the growing demand.

The expanded community garden and herb garden and improved volunteer facilities significantly increased our capacity to provide more practical activities and enabled local volunteers and attracted many visitors to learn more about sustainable land use and organic methods of food production. The project helps meet a growing need for information, training and support for many younger people from across the UK and abroad who want to explore more responsible land management practices and to source wholesome, locally grown organic produce.

Continued construction of the CAMAS Building - a state of the art heritage visitor facility:

- This year the volunteers continued the building work on our latest facility dedicated to promoting the richness of local heritage: the CAMAS building - or The Centre for Archaeology, Mythology and Storytelling ( Canolfan Archaeoleg, Mytholeg a Storiau, in Welsh) . The long term funding for the project dried up with the UK's withdrawal from EU funding but we managed to accrue a large amount of natural building materials such as locally sourced seasoned oak for the interior carpentry and this year laid a stone tile floor in one of the six rooms, completing the oak windows and doors in the room to make it available for use. An underground armoured cable was laid from the main farmhouse bringing single phase electricity to the building, funding for the latter being raised through the Little Cooking Pot/Caffi'r Felin initiative https://www.instagram.com/littlecookingpot/?hl=en .

- When fully operational the facility will provide visitors with a year-round programme of events, activities and courses that maximise the economic potential of local historic and archaeological sites and local Welsh mythology-folklore associations and significantly enhance the Peninsula's appeal as a prime heritage visitor destination. The initial development phase will include: developing heritage exhibition and interpretation material for the main gallery room, highlighting the mythology and history associated with the region from earliest to present times, the delivery of varied heritage events programmes & creating an effective UK & Europe wide visitor marketing plan with our local Ecoamguaeddfa partners. Constructing the new CAMAS centre has provided apprenticeship training in niche heritage skills and the facility will provide two studio - workspaces to enable local artists and craftspeople to interpret and share the Ll?n Peninsula's rich cultural & folklore heritage and archaeological significance. The centre will create a vital hub for the development of the area as an internationally recognised Eco-Museum that will both raise the profile of the entire centre's other eco-visitor facilities, increase visits to local historic sites and partner visitor facilities & promote the development of diverse new employment opportunities in heritage & cultural tourism.

- Since 2013 we have hosted a Summer Archaeology Festival in partnership with Bangor University's Archaeology Department and have established close links with the academic staff and students there. Our role in the partnership includes hosting experimental archaeology workshops for students on iron smelting, roundhouse building and neolithic flint craft.

Looking to the future we are aiming to generate a sustainable income from several new funding streams:

- Through hosting fee-paying courses, workshops and seminars on natural and built heritage themes from ecobuilding to archaeology in the CAMAS Visitor Centre.

- Through developing the centre's Green & Cultural Tourism potential. The completion of the new CAMAS EcoVisitor Centre & will include a shop-foyer, canteen-events catering cafe & seminar room and significantly increase our capacity to host larger groups, conferences and all weather events & providing a resource for organisations and business to run residential programmes. We have recently been approached by an International Anthroposophical youth movement steering group who will be holding their annual conference here in September 2026 with the aim of developing further youth group meeting and conference facilities at the centre through the completion of the CAMAS Building project over the next 3 years as adequate funding is secured.

- Through further developing the biodynamic farm, gardens and café-canteen as both a training & volunteering resource. The market garden already supplies local business such as Caffi Siop Plas

(https://www.facebook.com/caffisiopplas/?locale=en_GB ) with organically grown fresh produce through the summer growing season.

- Through providing accommodation and eco-activity courses/residential cultural programmes in the thatched Celtic Roundhouses. We are also exploring the potential of building and then renting out timber glamping pods in one of the camping fields to visitors and to short courses participants. We currently rent out three of the new roundhouse & pod accommodation facilities to visitors from April to September through Airbnb this will rise to 4 next year plus a further 4 new eco-pods to be erected on site by summer 2028/9.

- Developing the site as a specialist heritage carpentry workshop providing commissioned design and build services for eco-building projects, specialist carpentry and design consultancy work. Our boatbuilding resources and facilities have to date been commissioned by the National Trust to restore several of their locally built historic wooden, clinker fishing boats and by the Glaslyn Wildlife Project to further develop their oak framed outside classroom as partnership projects that benefit both sites through increased publicity and awareness . The workshop is currently rented out to a green oak timber framing and carpentry business which offers training placements for young people each year on work experience. The workshops are partially open to public viewing and the traditional craft skills undertaken by the team are a source of great interest for visitors to the Centre.

The centre's staff are regularly invited to give talks and presentations about the charity's work to a broad range of community groups, partners and to other rural initiatives throughout the UK, both in-person and increasingly through Zoom/internet. This is a clear affirmation of support for the charitable community work that is carried out at Felin Uchaf and helps raise awareness and draw support and investment from individual sponsors, businesses and funding organisations.

THE YEAR IN DETAIL

Skills training

Each year we welcome students on internships from local colleges in the wood workshop. This year students from the local tertiary college carried out their summer work experience with us. Students have typically stayed with us for around 1- 3 months, gaining a range of valuable skills in traditional carpentry . Close relations with colleges over the past 8 years and have led to Felin Uchaf being established by our partners as a renown centre for excellence in teaching heritage carpentry skills both here in Wales and traditionally with our French partners (ENSTIB ). The centre aims to continue to strengthen partnership opportunities with our European neighbours. From the beginning we aimed to develop Felin Uchaf as a holistic Educational Resource, inspired by the Scandinavian Folk Schools and Anthroposophical/Steiner-Waldorf movement - such as those offering the International Youth Initiative Programmes for holistic education at Jarna, Sweden http://yip.se/about/. The newly built eco-facilities will eventually form campus resources and facilities to enable young people to experience meaningful work experience and training with independent craftspeople, artisans , gardeners , cooks and caterers based on-site, while undertaking a year-long programme of study and practical apprenticeships.

Key to Felin Uchaf's success to date is that as a small grassroots initiative it has grown out of an expressed and real need and is therefore embedded in the community, so that ideas, skills and practices that arise through the project find immediate practical application within that community. The ethos of sustainable development is carried through all aspects of the initiative and can be translated into sound practice and principals with which young people particularly, can use as a tool kit to build more sustainable lifestyles. From sourcing and producing local organic food through to pioneering sustainable - and affordable, building projects. The information and skills learned through participating at the Centre help empower young people to take positive actions to create gainful and meaningful employment for themselves, which in turn will revive and revitalise their communities. In this remote, economically deprived, rural area - promoting an engaged, motivated, initiative-taking attitude is making a significant difference to young people's outlook, prospects and motivation for staying and living in their local area.

Volunteering projects

The local volunteer input has been consistently high with between 8 and 14 local volunteers of all ages supporting weekly volunteering days in the garden and helping to manage the farmland, paths and new woodland. Residential volunteering and apprentice training however has again this year been significantly lower than in previous years due to challenges in sourcing adequate volunteer support funding for young people's opportunities from traditional public funding sources and because of significantly reduced overseas/ European Social Funding support and extended visa complications for young volunteers applying to work at our centre from neighbouring European countries. Volunteers have been resident at the centre for at least a month, aged between 16-28 years - some are resident at the centre for up to 6 months and have gifted an astounding 4,000 hours towards the project. Volunteer time-sheets go toward evidencing a substantial amount of in-kind match funding that in turn attracts grant funding towards the various capital and revenue project costs. The reduced funding streams made available through public funds at present for the volunteer training we have traditionally offered is cause for concern and we are looking to other means of generating sustainable funding such as events fundraising initiatives, private sponsorship and through further crowdfunding to sustain the volunteering and training programmes. The Felin Café Crowdfunding initiative succeeded in raising £27K toward completing the new Organic Cafe in the CLAS Building which was opened in May 2023. The regular volunteers have achieved a commendable amount of work on every aspect of the project but especially the gardening and landscaping and footpath work.. Volunteer staff coordinated the regular work days and helped manage the overall project as part of the steering group. The local team were joined by a small number of visiting UK based volunteers and 3 international student volunteers. The local volunteer team manage the hosting of all public events such as storytelling in the Café and Roundhouse - advertising/publicity, stewarding the events, catering and the significant admin involved in managing the bookings - so that all profits go directly toward supporting the charity. Wales Arts Council/Gwynedd Council's Night Out Scheme funded support has enabled the hosting of some professional music and storytelling events that might otherwise have been financially prohibitive for the charity.

Adequately coordinated and suitably motivated: volunteer teams can effectively carry out even the more complex and advanced construction work as demonstrated this year by the carving of the traditional green oak framing and lime fine plasterwork on the new heritage visitor centre: CAMAS - the Centre for Archaeology, Mythology and Storytelling and adjacent Observatory room that has involved the accurate marking & cutting of hundreds of complex woodworking joints, some of the most complex and ambitious wood carving projects to be found anywhere in the UK - and their final assembly by hand. The finished structures are a stunning testimony to the dedication and high level of craftsmanship of all the trainees and volunteers involved - that to date have come from 38 different countries. The comments entered into the visitors' book demonstrate how satisfying and rewarding the visiting volunteers have found their time at the Centre. There is a unique and friendly atmosphere here that makes people feel welcomed, fosters friendships and networking and enriches the varied and interesting work they undertake.

Our volunteers produced two excellent videos of their volunteering experiences. These are available for viewing Youtube through the following links:

https://youtu.be/jj08ed6Wvrw - Felin Uchaf Volunteers

https://youtu.be/gCMLiDsLucA- Felin Uchaf - Imagining a Place Without Borders

Progress with Buildings

The main project this year has been the continued work on the CAMAS building- the Centre for Archaeology, Mythology and

Storytelling. The foundations and groundwork for the building were laid as early as 2009 and the current funding by the Coastal Communities Fund enables us to complete the massive carved oak roof to support a turf covering, lime-plastering, the laying of insulated limecrete floors and the electrical work. When completed the building will include a state of the art exhibition space/ gallery/auditorium and performance space, two small dedicated artisan/craft studios, a catering kitchen for events at the gallery, 2 bathrooms, an outside garden with seating and an adjacent astronomical observatory - a 12 sided, intricately carved oak frame meeting space with seating for up to 22 people. Please follow the link below for a short YouTube video on the CAMAS project progress

https://www.youtube.com/watch?v=GPGzJl2Wmws&ab_channel=FelinUchafCentre

Eco-Visitor Centre -CLAS . The main focus of volunteering and trainee work has been directed towards fitting-out and finishing this substantial earth & straw baled walled and oak timber framed building project as a Café and Workshop Space. When fully operational, these spectacular oak framed cafe and adjacent spacious seminar room facilities will enable the Centre to host a wide range of artistic, cultural and practical craft courses and workshops, conferences and community events all of which will contribute towards enabling the centre to earn a sustainable income. Please follow the link below for a short YouTube video on the CLAS Cafe project progress

https://www.youtube.com/watch?v=HtPWlD_7vkk&ab_channel=FelinUchafCentre

The Biodynamic Community Garden

Over the first years - the garden was developed as a teaching aid and a point of research into the growing of vegetables using organic methods and the culinary and medicinal use of herbs and has increased awareness about the importance of local traditions associated with the growing of indigenous herbs. Some of the most celebrated of Welsh herbalists lived and practiced within a few miles of the Centre and the Ll?n Peninsula has a long record of folk herb lore tradition going back to late mediaeval times.

Over the past twelve years the community garden project has provided a focal point for local volunteers of all ages, probation service users, women's support groups, local school pupils and college students to come together and, with both sweat and toil and plenty of fun - to create a wild pharmacy which has provided a superb teaching resource for the area's primary and secondary schools so that a more holistic approach to learning about the organic growing and harvesting of herbs can be encouraged. Since COVID however there has been a marked - and lamentable, reduction in the frequency of outreach and extracurricular activities being promoted and requested by the funding-stretched local education authority.

Local people and businesses such as Cafe Plas Carmel , Anelog and Blades Cafe, Abersoch purchase the garden's produce on a regular basis. The weekly Community Organic-Veg Market Garden provides full time employment for one market gardener and summer volunteer opportunities.

The extensive vegetable gardens and polytunnels are an exemplar of sustainable land management and provide a valuable focal point for local volunteers as well as wholesome organic-biodynamic produce for all the daily volunteer meals.

Cultural Events

As with the previous years we organised an annual International Storytelling Festival , run over the month of August - welcoming artists from Italy as well as many UK based performers and are currently planning the coming season's international storytelling festival. A full programme of storytelling and music events were hosted every week throughout the summer months and attracted good numbers of local people and visitors. Fireside evening events in the Big Roundhouse frequently attracted a capacity audience of over 100 people. As well as contributing toward enriching the cultural life of the local area, these events served as a valuable introduction to the Centre's work and ethos, and many visitors returned to lend a helping hand and volunteer on the community gardening days afterwards.

Over winter we were able to host several craft workshops such as basketry and wool craft run by local tutors in the upstairs seminar room at CLAS and also use the cafe below for winter storytelling, the very popular international themed supper-clubs and a varied programme of live music events.

This summer we hosted our first Forest School summer activity days for younger children. The event attracted families from a wide catchment area and was facilitated by a trained Forest School leader who had themselves been a member of the centre's volunteer team for many years previously. The centre aims to promote holistic education and to support practical craft, environmental and cultural activities for children and young people in particular, as a part of the charity's core aims and objectives.

LOOKING AHEAD

As with every centre open to the public and hosting public events and training/volunteering programmes - there are challenges facing us as we move forward with significantly reduced funding streams by government available for volunteering, apprenticeship training and community initiatives in general. We have had to delay, or put on hold, some of our short term capital funding aspirations and the challenge hereon is to continue to develop the centre as a social enterprise whilst exploring new avenues of funding and generating income from the centre's commercial activities such as the Café, woodworkshop, craft, complementary medicine and cultural events. We successfully managed a Crowdfunding initiative to raise sufficient funds to complete the Organic Cafe and are now raising funds to create the access/surfaced paths to the community gardens and around the café, including a stone paved seating area . To this purpose we are currently focusing our fundraising resources on obtaining strategic funding for income generating projects such as the current CAMAS construction project - the New Centre for Archaeology, Mythology and Storytelling - which will host rented artisan workshop-studios and a public exhibition gallery, and towards building work to the old farmhouse office and volunteer facilities which are in urgent need of a new roof ( current original fragile slate roof dates to 1812 and requires constant repair with every passing winter storm ) together with the planned extension/raising of the adjacent corrugated shed, completion of shower and boiler room facilities and a complete interior eco-refurbishment of the farmhouse to enhance both community volunteer facilities and to provide residential accommodation for students on the youth training course programmes ( planning granted 2007 fort the entire centre, commenced 2008 and ongoing)

The completion of the CLAS and CAMAS visitor facilities, adjacent farm shop with produce form the organic gardens and orchards, the hosting of a year round programme of skills workshops and residential cultural courses and the renting out of roundhouses and glamping pods on site as business enterprise resources will go toward generating a regular and sustainable income toward both meeting the centre's ongoing maintenance and overhead costs - such as our Commercial Mortgage Loan repayments, funding toward completing the centre's development plan as outlined in the Business Plan and towards providing the core funding costs salary costs of a full-time project manager/ administrator/ fundraiser to ensure the centre's aims and objectives are fulfilled.

Approved by order of the board of trustees on 21 August 2026 and signed on its behalf by:

M L Swarbrick - Trustee

The principal activity of the company in the year under review was that of creating a centre for cultural and environmental education and research that offers a holistic and dynamic approach to learning. All the new facilities are being created entirely through the work of trainees/apprentices and volunteers.

OBJECTIVES AND ACTIVITIES

Public benefit

One of the main aims of the initiative from the outset was to enliven and broaden the cultural life of the area, creating a site that would enrich the local biodiversity and to raise awareness of the importance of conserving and enhancing our natural resources in order to sustain a healthy economic community life. Central to the long-term development plan was to ensure that this work was designed so as to maximise the opportunities for engaging volunteers, trainees and both from the local and wider global community

FINANCIAL REVIEW

Reserves policy

The Trustees are satisfied that sufficient reserves are held to meet the day to day working capital requirements of the Charity.

Going concern

The trustees are satisfied that the charity will be able to generate sufficient income to meet its obligations as and when they fall due.

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.

Organisational structure

The Board consists of two Trustee Directors.

The Charity's Trustees have overall responsibility for monitoring project progress, ensuring the agreed timetables and that budget plans are maintained. They meet on a monthly basis with staff for project reviews and are a team of professional people with local knowledge of environmental & local heritage initiatives and have a proven experience of successfully directing and overall management of ambitious capital projects at the centre since 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05260737 (England and Wales)

Registered Charity number

1120510

Registered office

Ty Croes Bach

Rhiw

Pwllheli

Gwynedd

LL53 8AU

Trustees

M L Swarbrick Trustee

Miss M L Jones Trustee

Independent Examiner

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 21 August 2026 and signed on its behalf by:

M L Swarbrick - Trustee

Independent examiner's report to the trustees of Menter Y Felin Uchaf Cyf. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2025.

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.

Shôn Evans

Gwyn Thomas and Co Limited

1 Thomas Buildings

New Street

Pwllheli

Gwynedd

LL53 5HH

21 August 2026

31.10.25

31.10.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

19,670

4,175

23,845

28,540

Other trading activities

2

64,258

-

64,258

27,409

Total

83,928

4,175

88,103

55,949

EXPENDITURE ON

Raising funds

71,605

-

71,605

10,690

Other

24,627

4,175

28,802

59,536

Total

96,232

4,175

100,407

70,226

NET INCOME/(EXPENDITURE)

(12,304

)

-

(12,304

)

(14,277

)

RECONCILIATION OF FUNDS

Total funds brought forward

332,542

-

332,542

346,819

TOTAL FUNDS CARRIED FORWARD

320,238

-

320,238

332,542

31.10.25

31.10.24

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

5

455,250

16,698

471,948

481,557

CURRENT ASSETS

Debtors

6

9,232

-

9,232

6,521

Cash at bank and in hand

17,118

-

17,118

11,927

26,350

-

26,350

18,448

CREDITORS

Amounts falling due within one year

7

(8,764

)

(4,174

)

(12,938

)

(8,722

)

NET CURRENT ASSETS

17,586

(4,174

)

13,412

9,726

TOTAL ASSETS LESS CURRENT LIABILITIES

472,836

12,524

485,360

491,283

CREDITORS

Amounts falling due after more than one year

8

(152,598

)

(12,524

)

(165,122

)

(158,741

)

NET ASSETS

320,238

-

320,238

332,542

FUNDS

11

Unrestricted funds

320,238

332,542

TOTAL FUNDS

320,238

332,542

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 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.

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 21 August 2026 and were signed on its behalf by:

M L Swarbrick - Trustee

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.

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

-

4% on cost

Plant and machinery

-

25% on reducing balance and Straight line over 5 years

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.

Volunteer inputs

The value of any volunteer time is not included in the accounts but is described in the trustee's report.

2.	OTHER TRADING ACTIVITIES

31.10.25

31.10.24

£

£

Shop and cafe income

33,152

10,280

Letting and camping

31,106

17,129

64,258

27,409

3.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

31.10.25

31.10.24

£

£

Depreciation - owned assets

30,482

27,084

4.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 October 2025 nor for the year ended 31 October 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 October 2025 nor for the year ended 31 October 2024.

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Computer

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 November 2024

698,437

39,014

6,312

743,763

Additions

-

20,873

-

20,873

At 31 October 2025

698,437

59,887

6,312

764,636

DEPRECIATION

At 1 November 2024

226,210

29,804

6,192

262,206

Charge for year

23,974

6,478

30

30,482

At 31 October 2025

250,184

36,282

6,222

292,688

NET BOOK VALUE

At 31 October 2025

448,253

23,605

90

471,948

At 31 October 2024

472,227

9,210

120

481,557

6.	DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

1,548

1,548

Other debtors

7,684

4,973

9,232

6,521

7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts (see note 9)

7,000

7,043

Trade creditors

1,763

1,679

Other creditors

4,175

-

12,938

8,722

8.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans (see note 9)

126,673

132,816

Other loans (see note 9)

25,925

25,925

Other creditors

12,524

-

165,122

158,741

9.

LOANS

An analysis of the maturity of loans is given below:

31.10.25

31.10.24

£

£

Amounts falling due within one year on demand:

Bank overdrafts

-

43

Bank loans

7,000

7,000

7,000

7,043

Amounts falling between one and two years:

Bank loans - 1-2 years

7,000

7,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

21,000

21,000

Other loans - 2-5 years

25,925

25,925

46,925

46,925

Amounts falling due in more than five years:

Repayable by instalments:

Bank loans more 5 yr by instal

98,673

104,816

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Bank loans

133,673

139,816

The property known as Felin Uchaf and adjoining land is subject to mortgage charge. Given that the property has been owned since 2008 and has been improved, the loan is believed to represent less than 75% of the value of the property.

11.	MOVEMENT IN FUNDS

Net

Transfers

At

movement

between

At

1.11.24

in funds

funds

31.10.25

£

£

£

£

Unrestricted funds

General fund

72,195

1,513

34,131

107,839

Capital Grants Fund

260,347

(13,817

)

(34,131

)

212,399

332,542

(12,304

)

-

320,238

TOTAL FUNDS

332,542

(12,304

)

-

320,238

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

83,928

(82,415

)

1,513

Capital Grants Fund

-

(13,817

)

(13,817

)

83,928

(96,232

)

(12,304

)

Restricted funds

Rheoli Dolydd Llyn

4,175

(4,175

)

-

TOTAL FUNDS

88,103

(100,407

)

(12,304

)

Comparatives for movement in funds

Net

At

movement

At

1.11.23

in funds

31.10.24

£

£

£

Unrestricted funds

346,819

(14,277

)

332,542

TOTAL FUNDS

346,819

(14,277

)

332,542

Comparative net movement in funds included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

55,949

(70,226

)

(14,277

)

TOTAL FUNDS

55,949

(70,226

)

(14,277

)

Transfers between funds

The surpluses on restricted funds received in previous years have been transferred to general fund where the works have been completed and the grant terms satisfied. Depreciation on the completed project assets is charged against unrestricted funds and the annual amount transferred from the capital grants fund.

12.	RELATED PARTY DISCLOSURES

Menter Y Felin Uchaf Cyf leased a workshop to a related party in exchange for a payment of £5,055 in rent..