CMC: PENSARN HARBOUR
(Limited by Guarantee)
FINANCIAL STATEMENTS
for the year ended 31st October 2025
(Unaudited
Company No: 03324934 (England and Wales)
Charity No." 1062075

CMC: PENSARN HARBOUR
{Limited by Guarantee)
FINANCIAL STATEMENTS
for the year ended 31st October 2025
(Unaudited)
Contents
Page
Company Infomiation
Report of the Dirertors and Trustees
Independent Examinerfs Report
Statement of Financial Artivities
8alante Sheet
Note5 to the Accounts
2tolO
li
12
13
14to18
Detailed Income & Expenditure Account
not part of the statLrtory financial statements
19

CMC: PENSARN HARBOUR
Directors, and Trustees, Report for the year ended 31st October 2025
The Director5 and Trustees presenttheir report and accounts for the year ended 31st Oct-2025
Reference and Adminlstratlve Informatlon
Charit
Com
Name
CMC." Pensarn Harbour
Tradin
Name
CMC Adventure
Com
an Number
03324934 (England and Wales)
Charit Number
1062075
Re
istered Office and O
erational Address
Pensarn Harbour
Llanbedr
Gvrynedd
North Wale5
LL45 2HP
Directors and Trustees
P R Kelly - Chairman
L Charker- Hon Tret75urer
{untt126/04/25 replocemtnt yet to be appointed}
C Cook
G French
A Houghton
A Sanders
P Tarr
R Gibbin5
Chief Executive
Centre Dirertor
M Downey
Com
an
Secreta
L Addinall
Bankers
HSBC Bank plc
62 High Street
Porthmadog
Gwynedd
LL49 9LN
Inde
endent Examiner
S L Glass FCCA
DJH Nantwich Limited
17 Alvaston Business Park
Middlewich Road
Nantwich
Cheshire
CW5 6PF

CMC: PENSARN HARBOUR
Structure Governance and Management
Governin
Document
The charity was originally founded as the Christian Mountain Centre in 1966 and operated as
an unincorporated trust until it was re-registered on its incorporation, as a private company
registered in England and Wales and limited by guarantee, on 27th February 1997. The
company was established under a Memorandum of Association, which established the
objects and powers of the charitable company and is governed under its Articles of
Association. The name was changed to "CMC Pensarn Harbour" following the move to much
larger premises at Pensarn Harbour Uanbedr, in January 1998. The trading name of "CMC
Adventure" was adopted in November 2013.
Recruitment and A
ointment of Directors and Trustees
The director5 of the company are also charity trustees for the purpose of charity law. Under
the requirements of the Memorandum and Articles of Association, the director5 are elected
to serve for a period of three years, after which they must be re*lected at the next Annual
General Meeting.
The Board has a broad skills mix, including business, financial and educational skills. In order
to maintain thi5 range, individuals are approached by the Board and invited to volunteer. They
May be drawn from the members of the cornpany, for which a voluntary skills register 15
maintained, or from elsewhere.
The appointment by the Board of new Trustees must be confirmed by election of the
members at the next Annual General Meeting.
Note: atthe date of this reportthere was notreasurerofFicially in place. However, discussions
were in progress with someone actively interested in taking on the role.
Trustee Induction and Trainin
Potential trustees are usually familiar with the work of the Centre from having stayed there
previously, or having visited the Centre to familiarise themselves with it.
They are, normally, invited to attend at least two Board meetings, in person, as observers.
This gives them an opportunity to see the work of the Board at first hand and to gain an
understanding of how it works and of current i55ues. If they and the Board are satisfled that
the right choice has been made, the Board will invite them to become directors and trustees.
The induction and training are very much 'on the job,, with the support of the other members
of the Board. This method has worked well, with new trustees taking a full part at an early
stage. An induction pack has also been prepared which gives new trustees a wide range of
reference information on CMC.

CMC: PENSARN HARBOUR
Strurture Governance and Management
Risk Mana
ement
The Board annually undertakes a wide-ranging review of various risks to which the charity is
exposed. The operational risks associated with the activitie5 the Centre undertakes are also
subject to external inspection by the various licensing authorities. There are detailed
procedures for all these activities, and they form the basis of all staff training. These
inspections also cover the health and safety of staff and visitors and the preparation and
storage of food. There are also procedures to minimise internal control risks, including
financial management. The CEO maintains and reviews with the Board of Trustees an on-line
Risk Map. This is a live document to which members of Senior Management and the Board
can contribute, review and amend.
Or
anisational Structure
The governance of the charity is the responsibility of the Board of Trustees. which meets in
person at least 3 times a year (in addition to the Annual General Meeting). Since 2010 the
Board has been able to make decisions at a telephone conference call, which have
subsequently been replaced by zoom meetings. Several zoom meetings are held in the
intervals between physical meeting5 of the Board. All Board members are notified of such
meetings, which support the Centre Director / CEO and monitor financial and other matters
between Board meetings and most are able to join them.
The operational management of the Centre is the responsibility of the Centre Director/ CEO.
He deals with the appointment of staff and all day-to-day issues, including financial
management, with support, as needed. from the Honorary Treasurer and other Board
rnembers.
Objectives and Activities
The principal objects of the charity are to educate people through outdoor pursuit activities,
to develop their physical capabilities and their mental and spiritual awareness and to advance
the Christian faith among such persons and their families.
The objective for the year was to provide high quality outdoor educational experiences
5uperwsed by qualified and experienced staff working as a Christian community. It continues,
for the tlme belng, to only use the Bryn-y-moel site for guest accommodation.
The Centre was once again keen to ensure that vlsltors of all abilities were able to participate
equally in a variety of activities. As previously, it continues to be our desire to encourage
visitors from all backgrounds and of all means to Use the centre and to this end it 15 sometimes
possible to adjust fees in cases of particular need. The Trustees feel that this enables them to
have due regard to the public benefit guidance published by the Charity Commission.

CMC: PENSARN HARBOUR
Structure Governance and Management
We set out to continue our policy of budgeting for a modest surplus, although in the current
flnancial climate and, whilst using just one 51te for accommodation, this is proving to be
extremely dlfficult. A forecast is agreed however from which regular monitoring takes place.
We continue to make use of the Financial Failure Insurance, which enables us to hold deposits
within our working balances.
When circumstances permit. we will continue to work towards building necessary working
capital.
Achievements and Performance
We are continually thankful for all the sUPPOrt we receive throughout the year, which was so
very important during 2025. Atthe AGM held in April 2024, the continuing concerns regarding
the cash flow of the Centre and the potential desire of the Bank to withdraw our overdraft
facility wa5 drawn to the attention of the Members. The response to this was both incredible
and humbling. As a result of the subsequent donations, by the end of October 2025 it had
been possible to reduce the loan on Bryn-v-moel by approximately £180,000- a staggerlng
demonstration of sUPPOrters' generosity. This and other both small and large donations for
specific items have been so very encouraging.
In addition, the team have worked incredibly hard to run the centre and its courses on the
tightest of budgets. At the same time, they have been offering to guests the welcome and
hospitality which are so often commented on in groups, feedback reports.
As previously reported, with the forthcoming potential redevelopment of Pensarn, the guest
accommodation at this site has been mothballed, as to incur essential ongoing maintenance
costs would not make financial sense.
What we undertake and hope to be able to contlnue to offer in the future cannot and should
not be done cheaply; there are risks in what we do and to mitigate these risks takes time,
training, commitment and finance.
Our belief is that what we provide is so essential for so many following the aftermath of the
pandemic. The results wtll be priceless to the individual, their families and friends.
Thank you for your involvement and continued Interest.
Bulldlngs and equipment
Ongoing general maintenance is key to ensuring our guests have a positive residential
experience with us. This continues to be a challenge in a rural environment where there is
not much competition within the trades. The competent traders are often extremely busy.
We have developed good relationships with several local tradesmen. including electrlcians,
plumbers and general builders. This work has been coordinated by our Senior Staff. As
standards and qualifications continue to increase, we are less able to 'do it ourselves,, hence
becoming increasingly reliant on external trades.

CMC: PENSARN HARBOUR
Structure Governance and Management
Where necessary and where we were able. we continued to repair, replace, and malntain
outdoor equipment to a high standard.
Bookings and Finance
During 202412025 there was an improvement in overall group bookings. However. as with
recentseasons, the numbers of young people in those groups remained lower. In some cases.
the cost of living continue5 to impact families and their ability to fund residential trips for
their children. We have encouraged school and other groups who have been subsidised by
CMC to seek local funding to support their visits., so that the financial burden of subsidy on
CMC is reduced.
We have received an amazing amount of financial support from our friends and member5
during the last year. We have been encouraged by an increase in regular monthly giving,
which makes financial planning easier. We begin the new financial year very aware of how
much we need this to continue in the future.
Some of these generous donation5 were restricted to reducing the mortgage on our Bryn-y-
Moel slte. This was a need that as Directors and Trustees we felt led to share at our AGM
weekend in April 2024. By reducing this liability, we aim to improve our monthly cash flow.
At the date of this report the reduction in monthly loan repayments had significantly helped
our cashflow, and we anticipated further improvement in this area, once the mortgage had
been fully paid off. (NB-this was paid off in full on the 30112125 because of a very generous
restricted donation)
Actlvltles and Publlc Benefit
We have continued to run our volunteer trainee instructor programme. This provide5 an
opportunity for young people to gain valuable industry experience and obtain National
Governing Body awards allowing them to pursue a career in outdoor education not only in
the UK but around the world. We continue to maintain a genuine occupational requirement
for our staff to be Christians. believing that through our service and our community we can
share our faith with gentleness and respect. It has been extremely encouragingto meet once
a month online to pray for the centre with people whose association with CMC goes back
many decades. The impact of God's work in thi5 centre continues to draw people back and
we value their involvement greatly.
Future Plans
The redevelopmentat Pensarn, giving us increased capacityand the abilityto workwith larger
groups will give us much greater flexibility over accommodating other smaller groups at Bryn
y Moel.
The scale of the redevelopment at Pensarn means that we will need to find trustees /
consultants with experience of complex projects and with the financial experience to match.

CMC: PENSARN HARBOUR
Strurture Governance and Management
Fundraising for the harbour project is a major challenge. The trustees have discussed
engaging professional help with fundraising and have engaged
consultants who have
provided a lot of information about statutory and charitable funds and trusts which mlght
support the project.
However, it is clear that we need a significant amount of capital already donated or pledged
before many of the fundswill considersupportinB the project. Atthe time of this report there
is no clear avenue to finding the donor or donors who might back the project with a large
Initial donation.
Although it will cost a significant amount, engaging a professional fundraiser may well be the
path we need to consider.
It is vital for the project that we find these initial funds in the next twelve months. This needs
to be a focus for research by the board. and
ra
er from all our su
orters.
Personnel
The Directors / Trustees are very mindful of the extraordinary pressures the staff team have
had to cope with, and continue to cope with, in Maintaining the high standard of serrfice for
which CMC is known. A number of our trainees have come through to be qualified full-time
instructors, which helps enormously in the planning and delivery of activity programmes.
The Trustee5 are immensely grateful for the sacrificial commitment to keep CMC going
displayed by the team over the last year.
Flnancial Review
Financial Performance
Reflecting all of the pressures and constraint5 which have already been outlined above, but
also the incredibly generous donations. previously mentioned, for the repayment of the loan
on Bryn-y-moel, the centre ended the financial year with a surplus on unrestricted fund5 of
£75,652 and a surplus on restricted funds of £75.816 (totalling £151,468, compared with a
Surplus of £67.477 in the prior year ).
The previous work undertaken on a Medium Financial Strategy is Still on hold due to the
Board's focus on the short to medium term financial implications of the financial crisis,
combined with the reduced capacity due to working from just one site. Once stability returns,
the Board will consider the longer-term Financial Strategy for the Centre.
Due to the incredible generosity of our supporters. promoted by God's grace, we are just
managing to stay financially viable, although this is looklng continually more precarious whilst
working from just one site for guest accommodation and experiencing ever increasing costs.
Ourfuture depends on the development of Pensarn Harbour and remaining financially secure
until then.
During the year we were blessed with other specific donations in addition to those already
mentioned for the sole purpose of reducing our Bryn-y-moel loan. These included gifts

CMC: PENSARN HARBOUR
Structure Governance and Management
towards our Bereaved Families Holidays, fund raising costs for the Pensarn Harbour
Redevelopment, Engineering reports for the afore mentioned redevelopment, towards the
replacement cost of a fleet of new Canoes, to cover the HMRC bill for August. We continue
to be so grateful for all the various actions of support received. In addition we continue to
benefit from a number of significant working capital loans which have been extremely
beneficial in assisting the Centre's day to day financial viability.
The Enable Fund, which was launched with the purpose of covering the cost of subsidies to
individuals and groups who would not otherwise have been able to afford to stay at the
Centre (see Objectives and Activities above}. was used once again for an inner-city school
which is located in an area of high deprivation and its 'at risk, children would not otherwise
have been able to benefit frorn all that the Centre has to offer.
As well as the school mentioned above CMC has subsidised a number of other groups who
would not otherwise have been able to come. These subsidies have totalled just over
£65,000.
The vision we have been given for the future of CMC is inextricably linked to the
redevelopment of Pensarn Harbour. This vision aims to serve at least the next three
generations by providing a warm, genuine Christian welcome in a very special place on the
water's edge. Pensarn Harbour is a place where Christians and non-christians alike have
experienced something of God's goodness for decade5. Be this through a conversation,
reflecting on a genuine mountain top experience. the last moments of a glorious sunset or
the brilliant white moonlight reflected on the water. When no words have been spoken then
creation itself speaks of His great power and love. To be able to continue to share these
unforgettable. life changing moments we need to rebuild Pensarn Harbour and welcome
guests back to this, God's centre. The increased numbers will ensure CMC Adventure
becomes sustainable financially. However, the rea50n for achieving this, is to be able to serve
our guests as a Christian team and share God's love with them. We very much welcome input
and support from those who share this vision and desire to see it come about.
Once agaln, during the last year, we have been blessed with significant restricted and general
fund donations, and we continue to benefit from interest free working capital loans. We are
acutely aware of the need for these loans to be repaid in the future. We seek to find
supporters who may be able to afford to make interest free loan5 to take over from those
supporters who require theirs to be repaid.
Until we can reopen Pensarn and enjoy the economies of scale that increased
accommodation wlll bring, we will continue to actively seek the financlal and charitable
support we need to persevere, whilst prayerfully believing our needs will be met.
..as we have opportunlty. let us do good to ollpeople ..." Galatians 6..10

CMC: PENSARN HARBOUR
Strurture Governance and Management
Reserves
The Trustees, policy continues to be to build up net current assets to the point where thev
are equivalent to two months, worth of expenditure, currently approximately £70,000.
However, at the year end there were net current liabilities of £75,137 which compares with
net current liabilities of £80,031 in the previous year.
As reported above, the Board is aware of the gravity of the Centre's financial position and is
endeavouring to seek ways to improve this position.
Ca
ital fundln
A loan of £360,000 over 25 years was taken from HSBC in July 2012 to facilitate the purchase
of the Bryn-y-moel Centre. As at the balance sheet date there was £62.048 outstanding on
this loan, which has subsequently been fully discharged.
Private, interest free, loansfrom members have been accepted in the past to provide working
capital. The total sum of interest free loans is £95,000 to assist with cashflow. One loan of
£25,000 is due to be repaid in Spring 2027; also. one loan of £5000 to be repaid in Autumn
2026.
Tan
ible fixed a55ets
Details of acquisitions of fixed asset5 are set out in note 6 to the accounts. The market value
of the freehold properties belonging to CMC at the balance sheet date are believed, by the
Trustees, to be at least as great as their purchase costs and subsequent improvement cost5.
Also, as they are operational assets and continue to be maintained, where necessary, to a
high standard of repair, the Trustees again consider it unnecessary to set aside depreciation
of the properties for this financial year.
Future obli
ations
The company has no liabilities. commitments or legally binding obligations outstanding atthe
balance sheet date other than those disclosed in the annual statement of accounts. In the
opinion of the Trustees, the company's assets are fully adequate to meet those obligations.
Trustees / Dlrectors
The directors of the company for Companies Act purposes are its Trustees. The directors who
served during the year are listed on page l.

CMC: PENSARN HARBOUR
Strurture Governan￿ and Management
Statement of Dlrectors, / Trustees, responslbllitie5
Charity law requires the Directors/Trustees to prepare financial statements for each financlal
year which give a true and fair view of the state of affairs of the company and the surplus or
deficit of the company for that period. In preparing those financial statements the Directors
/ Trustees are required to:
select Suitable accounting policies and apply them consistently
observe the methods and principles in the charities SORP
make Judgements and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to any material
departure disclosed and explained in the fjnancial statements: and
prepare the financial ststements on the going concern basi5 unless it is inapproprlate to
presume that the company will continue to operate.
The Directors / Trustees are responsible for keeping proper accounting records which
disclose, with reasonable accuracy, at any time the financial position of the cornpany. They
are also responsible for safeguarding the assets of the company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Risk Mana
ement
The Dirertor5 acknowledge that risk management, for Business activities, is the responslbility
of the Board of Trustees. The Board undertakes a review of all of its key systems of internal
control and financial management processes regularly and is satisfied that reasonable
assurance can be given that risks have been adequately mitigated. The review is ongoing. All
Directors / Trustee have access to CMC'S online risk map at all times.
Independent Examiner
S L Gla$5 FCCA of DJH Nantwich Limited (Chartered Accountants and Registered Audltors},
who serves as our Independent Examiner, has expressed her willingne55 to continue in
office and a resolution to reappoint her will be proposed at the forthcoming Annual General
Meeting on 25th April 2026.
Compliance with legislation
This report has been prepared in accordance with the special provisions of Part 15 of
Companies Act 2006 relating to small companies.

CMC: PENSARN HARBOUR
Structure Govemance and Management
Approval of these flnanclal statements
These annual statements were approved by the Trustee5 on 14th March 2026
y order of the Board
P R Kelly (Dlrector& Trustee)
Registered Offlce:
CMC Pensarn Harbour
CMC Pensarn Harbour
Llanbedr, Gwynedd, LL45 2HP
10

CMC: PEN5ARN HARBOUR
Independent examiner's ￿pOrt
To the Trustee of Pensarn Harbour
report to the trustees on my examination of the financial statements of Pensarn Harbour (the
Charityl for the year ended 31 March 2025.
Responsibilities and basis of report
As the trustees of the Charity land also its directors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of
the Companies Act 2006 {the 2006 Att).
Having satisfied myself that the financial statements of the Charty are not required to be audited
under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in
respect of my examin3tion of the Charitvs financial statements carried out under section 145 of the
Chafities Act 2011. In carrying out my examination I have followed the Directions given by the Charity
Commission under section 14515llbl of the Charities Act 2011.
Independent examiner's Statement
Since the Charitvs gross income exceeded £250,QX)O. the independent examiner must be a member
of a body listed in section 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the
examination because l am a member of the A%sociation of Chartered Certified Accountants. which is
one of the listed bodies.
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 that in any material respect:
accounting records were not kept in respect of the Charity 35 required by section 386 of the
Companies Act 2006.
the financial statements do not accord with those records- or
the financial statements do not comply with the accounting requirements of settion 396 of the
Companies Act 2006 other than any requirement that the financial statements give a true and
fair view, which is not a matter considered as Part of an independent examination,. or
the financial statements have not been prepared in accordance with the method5 and principles
of the Statement of Recommended Practice for accounting and reporting by charities applicable
to charities preparing their financial statement5 in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS 1021.
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
financial statements to be reached.
S Glass FCCA
DJH Nantwich Limited
17 Alvaston Business Park
Middlewich Road
Nantwich
CW5 6PF
Date..
13. 3.26
li

CMC: PENSARN HAR80UR
STATEMENT OF FINANCIAL ACTivmES (Indudlng Income & ExpendltureAccount)
for the year ended 31st October 2025
Unre5tritted fund5 Restricted
General
Funds
Funds
Totsl
Totol
Funds
Funds
31110125 31/10/24
Income and endowments from:
Donations and legaoes
Income from investments
Tuck shop tradlng income
60.995
170.752
231.747
706
2,243
169,303
651
1,459
2.243
Charitable actlvitles
Course and hostel income
Residential
Non-residential
Net rental and hlre income
2.2 314,313
15,372
1.120
314,313
15,372
1,120
295,693
21,999
1.620
Total Income and endovmients
394,749
170,752
565.501
490,725
ExpendFture on ralslry funds
Publicity costs
Tuck shop tra(Jing costs
1,823
1,426
2,280
4.103
IA26
1.628
1.066
Expenditure charilable actmtles
Course and h05tel running costs
3.2 406.364
2,140
408,504
420.554
Tolal expendlture
409,613
4,420
414A)33
423.248
Net Income l-expendlture before trnnsler5
-14,864
166.332
151.468
67,477
Transfers between funds
90.516
-90,516
Net movement in fund5
75,652
75.816
151.468
67,477
Fund balances b/fvid at 1.11.24
671,481
3,287
674,768
607.291
Fund balances clfwd at 31.10.25
747.133
79,103
826,236
674, 768

CMC: PENSARN HARBOUR
8AiANCESHEEfas at aty O¢tob8r 2025
311101202S
3yio/2024
Tanalblg Flx8d A55ets
989.104
992251
Current Assets
Stock
t>ebtors and prepayrnents
Cash at bank and in hand
3.156
9A90
77,248
89.894
3,582
82
4,580
14.544
Uabllltl•s'. Amomts falllrq du• wlthln ywr
-165A131
.94.575
N•tuJrr•ht 15s•ts/-Ilabllltles
-75J37
40.031
Total 4w¢ts1¢gs¢urront Ilabllttl
913.967
911220
Uablllfl8s: AmouAtsf3111r¥ dueafter morn oneyear
-87.731
-237,452
Ngt ass9ts
io
826,216
674.768
Unre5tr1rted fvnds
li
747.133
67L481
Rè#rfrted lunds
3,Z87
Total charityfunds
826236
674,768
These accounts are prepared in accordance woth the pr￿SlOn$ appIl￿ble to companle5 sublert to the small
companles ￿SIme.
Foi theyear ￿dIn6 315t Ortober 202S the company Is entyued to exemptfjon from audrt undersection 477 of the
CDmpanle5 Act 2006 relatln8 to sm311 companies. No mernber5 have required the companyto obtain an audit of
the finandal 5tstements for the year ended 3tst(ktober 2025 In accordance wlth secuon 476 ofthe Companres
Art 200&
The Dlrèttors acknowledge thelr reSpjnsl￿1lty for complytng wlth the re8ulattons of thecornpanies Act 2(X)6
wlth respert to aCcoun￿n8 re£oTd5 and the weparation of accoun
ON BEHALF OFTHE BOARD
Approved by the Board ofTrustees IDirectsrsl and SI￿ on its behaw on 14th March 2026.
PRKel
Dirertor &Trustee
The notes on pa6es 14 to 18 forn7 part oftht5e finandal ststemenrs.

CMC: PEN5ARN HARBOUR
Notes to the accounts forthe yearended 31st Ortober 2025
I ACCOUNTING POLiaES
1.1 Basls of preparatlon of a¢¢ounts
The acc(Junts are prepared under the hbtorical cost convention and include the results of the
charfty's operations which are described in the Directors, and Trustees, Report and all of which
are rontlnuing.
The accounts have been prepared in a¢cordan¢e wtth the Charities Act 2011 and the Companies
Act 2￿6. FRS 102. The Flnancral Reporting Standard applicable in thè UK and Republic of Ireland
and the Statement of Recommended Prartice.. kcountin8 and Reporting by Chartues IFRS 1021.
The accounts arè prepared in sterlin& whlch 15 the fvnciional cU￿encY of the charfty. Monetsry
amounts are rounded to the nearest £.
The trustees considerthat therè are no material un￿rtaIntieS that may cast signlficant doubt
on the charity's ability to continue as a going concern. The tharity is a public benefit entity.
1.2 Tangible fixed assets and deprKiati¢>n
Tangible fixed assets are ststed at cost le55 depreciation. Fixed assets are not capitalised where
the purchase cost is below £Sm.
Depreciation is provided at rates calculated to write off the cost of the fixed assets, less thelr
estimated residual value, over their expettèd useful live5 on the following basis-
Freehold Property
Nil12% straight line basis pdor to l.11.20021
Course Equipment
25% Strarght line bas1S
Fixtures, Fittings & Equipment
25% straight line basis
Motor vehicle5
2(PA straight line basis
The Centre properbes are operational assets according to charfity law, being fundamental to
the ongoing work of the Centre. As they a￿ continually maintained to a high standard of
repair, the Trustees consider it unnecessary to set aside any further sum by way of depredation,
as thls would represent an excessFve charge forthese properties in the finanaal year.
1.3 Value added tax
CMC continues to be an educational establishment under VAT regulattons. It the￿fore remaln5
exempt from VAT, which is not recoverable and as such is included in the relevant costs In the
Ststement of Financial Attivtties.
1.4 Stod(
Stock is valued at the lower of cost and net realisable value. after makir6 due allowance for
obsolete and slow moving items.
1.5 Debtors
Trade and other debtors a￿ recogn15ed at the setdement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid.
1.6 Uabllltles
abllitie5 a￿ reco8nised where the charity ha5 a present obligaljon resulting from a past event
that will probably ￿su￿ In the transfer of funds to a third party and the amount due to settle
the obligation be measured or estimated reliably. knabilities are nomially re£ogn15e(l at
their settlement amount after allowing for any trade discounts due.

CMC: PENSARN HARBOUR
Notes to the a¢¢ounts for the year end•d 31st Ottober 2025. ConL
1.7 Oper*lng lease5
Rentals paid under operatlng lease5 are charged to the income and expenditure account as they
fall due.
1.8 Funds
Unrestricted funds are available for use at the discretion of the trustees in fvrtherance of the
general objectives of the charity. Restricted funds aro subjetted to restrictions in their expenditure
Imposed by the donor or through the terms of an appeal. The main fund held by the charity
Is the General Fund lunrestrittedl.
2 INCOME AND ENDOWMEPIts
2.1 Voluntary income and donations a￿ accounted for as receNed by the charlty; they are generated
by providing Information about the work of the centre to Its w5itor5. SUPPOrters and the general public
by means of printed and electronic publlcations.
No permanent endowments have been receNed in th55 finandal period, but these are dealt with
through the Statement of Financial Actswties when receNed.
2.2 Course and hostel income is shown gross after adjustments for deferred income relatin8 to deposits
forfuture courses.
3 EXpEND￿uRE
3.1 Expenditure on raising funds includes the costs in¢urred in purchasing Items for the Tuck Shop lincludlng
souvenirs), which are then sold on to visitors and friends, and the cost of fundraising and publrcity,
through whlch donations are generated.
3.2 All other costs. including governance costs and support ¢OSts, a￿ allocated to the one charitable activity
which 15 the running of courses at the hostel at Pensarn Harbour and the premises at Bryn-y-moel.
Included are fees to the independent examinerof £1,98012024- £2.4QJl re the examlnatlon and
£NIL12024- £1.3801 re the orher service5.
4 TOTAL EXPENDtruRE
Staff
Costs
Depreciation
Other
Costs
Total
Totul
31110125 3UIO/24
Course & hostel running costs
Tuck shop trading costs
Fundraising & publictty
207.505
21.458
179.541
1.426
4.103
408,504
IA26
4,103
420,554
1.066
1.628
12 months to 31.10.25
12 months to 31.10.24
207.505
193.54Q
21,458
28.701
185,070
201.￿7
414,033
423.248
Note: The Tuck Shop trading unit is operated as an ancillary factlty at the Pensam Hostel for the benefit
of users and any proffts a￿ all ploughed back into the mainstream aCtI￿ty of the company.
5 STAFF COSTS & TRUSTEES EXPENSES
5.1 Staff costs comprised
31110125 31/10/24
Wages and sa13rfe5
S¢xial security costs
Pension costs *
190A51
175,965
9,481
8,094
193,540
,611
Z07.505

CMC: PENSARN HARBOUR
Nole5 ¢0 the accounts lor the year ended Ylst Ortober 2025. ConL
• Note: The charity operated a defined contribution scheme for three staff costlng £4,238 in the year.
In addltlon the charity contributed to a personal pension plan for five employees at a cost of £4.373
in the year. It is anticipated that payments will continue at the same rate during the comin8 year.
No employee eams more than £60,LXXJ. The average numbef of stsff empl¢)yed by the charity durlng
the year was as follow5-
3VIons 31/10/24
li
13
Charitsble acrÈvltles
Fundraising and publicity
li
13
The key management personnel of the charity are the trustees and the Chief Executive Officer, together
wlth the Senlor Instructor. Development Director, House Manager and Centre Admin15trator. The total
employee beneffts of the key management personnel was £125.10212024= E95.2201.
5.2 No remuneratlon or expenses were paid toTrustees in the period.
6 TAP4GIBLE FIXED ASSETS
Freehold
Course
Centre
Property Equipment Fitbngs &
Pen5arn &
equip.
Bryn-y-moel
Motor
Vehicle5
TOTAL
81fwd 1.11.24
Additions
Less.. re DFsposa15
973.177
11,280
126.192
4.699
274.358
2.332
14.000 1,387,727
18,311
Carried Fonward 31.10.25
984.457
130,891
276,690
14,0(h) 1,406,038
Depredatlon
Blfwd 1.11.24
Charge for the perfod
Less.. re D15posals
25.041
115,381
6.324
241.054
15.134
14,0(J)
395,476
21,458
Carried Fon¥ard 31.10.25
25.041
121.705
256,188
14.¢X
416.934
Net book values
At 31.10.25
At 31.10.24
959.416
948.136
989.104
992,251
10.811
33,304
Footnote..
# Work has been commlssl¢)ned regarding the upgrading/ modemisation of Pensam Harbour.
These costs, which are currentty being met by specific donètions. have been capitalised. Further
spendin& enhancing the value of the buildings. is highty likefy.
7 STOCK comprise5
31110125 3uion4
Goods for resale ITuck Shopl
Food
Cleaning materlals
Brochure5
177
194
1,097
662
200
1,429
3,582
599
1.622
3.156
16

CMC: PENSARN HARBOUR
Notes to the accounts for the year ended 3tst October 2025. ConL
8 DEBTORS & PREPAYMENTS
Oue within one year
Trade debtors
Prepayments
Other debtors
4.253
4.611
626
858
3.38S
2.138
9A90
6,382
31110125 3yIO/24
9 LIABILtFIES: Amounts fallln8 due wlthln one year comprf5e-
Bank overdraft
Trade creditors
Customers, monies hdd
Accruals and deferred income
Bank 25 year ￿paYment tnortga8e
Workin8 capital loans
Bounce Back loan
31.344
3N04
22842
7,890
62.048
31.S(K)
5.903
165A131
771
2,539
42,750
8.556
27,702
6.500
5,757
94,575
after more than one year
25 year repayment mortgage
WorknnB capital loans
Bounce Back loan
118.752
90,000
28.700
237,452
65,000
22.731
87,7ai
Footnotes..
l. Deprjsits are no lor6er held in a separatety designated bank account. but combined into the main
account forthe centre. Financial failure insurance was tsken out in November 2017 to reflect this new
policy.
2. The bank mortgage is from HSBC Bank plc and is secured by a debenture and legal ¢harge on the
company's freehold property at Pensarn and Bryn-v-moel. During the year, following an appeal to our
members, it was possible to rèpay £63.31)J of this loan. Further specific donatlons enabled the final
repayment of the mortgage in December 2025. so the balance at 31st Ottober Is treated as 4 Current
3. Private Interert free Igans from members have been accepted In the pastto provide working capltsl.
At the start of the year one loan totslling £5(￿) wa5 to be repaid in the year.. in the event this loans
was not repaid. now due to be paid Autumn 2026. One further loan is due to be repaid In Spring 2027.
4. In 2021 advantsge was taken of the Govemmenvs Bounce Back Loan of £50.LM)O. Thls w35 interest
free for the first year. Repayments stsrted in December 2021. It Ls repayable after 10 year5.
The liablllty shown indudes £NIL due after 5 yea￿.{2024- £4.1961
10 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible Fixec Net current Lon8 term
Assets 55ets I liabilitit
loans
3VIO125 31/10/24
Unrestritted- general fund
Fiestricted funds
989.104
-154.240
79.103
-75.137
-87,731
747.133
79,103
826.236
671.481
3,287
674,768
989,104
-87.731
11 UNRESTRICTED FUNDS
Movements on these durtng the year were a5 follows..
Asat
Income
3V10124
Exp
Inter- fund
Transfer5 3VIO/25
General Accumulaied Fund
671,481
394.749
4109,613
90,516
747,133
Total Unrestrlcted Funds
671.481
394.749
409,613
90,516
747,133

CMC: PENSARN HARBOUR
Notes to the accounts for the year ended 315t ortober 2025. ConL
12 REsfRicfED FUNDS
Movements on these during the year were as follows:
A5at
Income
31110124
Inter- fund
Transfers
Asat
31110125
Equipment Purchase Fund
Specific Running Costs Fund
Fund Raising Costs Fund
Websr(e Rerrtake Fund
Future Oevelopments Deslgnated Fund
Mortgage Reduct(on Fund
Bereaved Families Hollday Fund
3.125
2,140
5.98S
3.375
939
10.5C
3.750
143.500
-3.375
-339
1,680
-3.750
-81,162
-1.890
162
62.SOO
1,798
3.287
170.752
4.420
-90,516
79.103
The Equipment Purchase Fund represents donations r&ceNed to ftjnd specific costs. During the
year funds were received forthe purchase of new canoes. The donation re￿iVed in a previous
year for mattress ￿placement has been largew spent on bedding and mattresses with the donor's
agreement. The Specific Runnlng Costs Fund represents donations ￿CeNed for particular expenses.
During the year funds We￿ received to assist with PAYE liabiltlies. The Fund Raising Costs Fund
represents donations received to coverthe cost of fvndraising consultants, etc. The Website
Remake Fund represents donations recerved towards the the webstte- only a £1.680 deposit was
spent by the year-end. The Future Developments Designated Fund represents donation5 towards
the upgrading I mcdernjsa￿0n of Pensarn HarboLtr. Further monies of £3,750 were received in
the year. Equivalent costs had already been spent and are included within the capitalisation costs
shown at 6 above. The Mortgage ReduLtion Fund was set up to receive donations made specifically
with a wew to rèducing the bank mort8age- a substantial amount was paid off the mortgage in
the year, with the remainder cleared soon after the year-end. The 8erea¥ed Familie5 Holiday Fund
represents donations received towards the Bereaved Familie5 holiday5 in August 2025 & August 2026.
13 RELATED PARTY TRANSAcnoNS
Donations received without conditions from the trustees and other related pa￿e$ totalled £5.861 and
those wlth conditions totalled £92.950 (Totsl recetved in 2024- £75.6801.
14 CoMM￿MENTs
Total
Totol
31110125 3yIO/24
I Capital expendlture authorised and contracted for
2 Capltal expendthre 3Lrthorised but not contratted for
3 Leasing payments- due in the next year
4 Leasing payments- due in two to five yea
8,OIM)
27.278
52,654
17.267
30,869
15 STATUS. BRANCHES & CONNEcfED CHARMES
Thè charity is a company limited by gyarantee and a registered charity. The liability of each
member is limlred to £10. As at 31st October 2025 the￿ We￿ 80 members131.10.24- 771.
The company is registered with the Chartty Commission as a charfty (number 106207513nd 15
exempt from taxatlonln accordance wth Section 478 of the Corporntion Tax Act 2010. It h35 no
branchè5 and no other chaiities are connected to iL
18

CMQ PENSARN HARBOUR
DETAILED INCOMEAND EXPENDITURE ACCOUNTIUNRE51WCfEDFUIIDS)
forthe year end•d 31$1 Ociober3015
3tyW2025
3y2ty2024
IP4COME
Course & h05t21 fee5
T￿k shop- net prDfitI Ioss
Rental & hore income
InltrÈst received
Donations & wfts
319,685
817
317,692
393
1620
651
7&191
394547
,995
EXPENDITURE
CtsursE /ACti￿7tyCoSts
Course eqUIpment￿pairS & renewals
Course oufjnqs
Instructor stsff trainlng & expenses
Vehiclè expènses
Veh￿Ie hlre
AC)￿lIeS IIcen￿n8& subsulptions
Actsvities stsff 53laries, NIC & pensh)n contribiitims
Freelan￿ IAssotiètÈ Instructors
.rn
L787
4603
32
14743
487
54074
IL652
zoio
42.576
14,985
98.158
H05tr11 Base (￿erheadWsts
ase Strff salaries, NIC & pen51on contrfbutions
Mortgage 18ank108n interÈst
utilities (water & sewaoel
General insurance
ti8hL heat & power
Telephone & post
B3se licensing & sub5uSptions
Offite & computer expen&e5
RecruftmentadvertlSin8
Profesgonal fees
Trustees, Èxpenses
Property upkeep- repairs
Property upkeep-cleani
Propprty upkeep-equipment malntrnèr
Customer serYlces- foL
Customer seNices- laundry
Fittantt - bank charges
Flnancial lailure insurance
431
Q964
2Q937
4.550
14263
31304
346
ty9
14067
755
3.145
1050
3.870
10.733
411
1033
96
6554
zir/
2.436
L653
1799
J.695
Depre(l•tlon
PropÈrty
Course equlpment
Gener31 Ioffice e4u(pment
Motorvehicle
&324
7.247
ZJ,454
2L458
4)&364
24701
42QS54
Fundrnlslng& Publldty
Website
Brochures& prlnUA8
Con5ultsncyt etc.
Athrbsin& exhlblbons. etc.
1.628
1,628
4C4187
42Z,182
5URPiUSI O£FIC￿oN UNRESTRICTED FUND5
bÈfore transfers
Transfers from/to Restricted Funds
.21&95
912
•JJ
TOTAI 5URPLUSI DEFiaT ON U14RE¥fRICTED FIIMDSFOR YEAR
after translers
75,652