YMDDIRIEDOLAETH ADDOLDAI CYMRU
WELSH RELIGIOUS BUILDINGS TRUST
(A company limited by guarantee)
Company Number: 3870343
Registered Charity Number: 1084030
Report and Financial Statements,
including Unaudited Accounts
Year Ending 31st March 2025

Contents
Page
Joint Chair and Treasurer's FO￿wOrd
Referen￿ and Administrative Information
Trustees, Report
3-9
Independent Examinerfs Report
10
Statement of Financial Activities
11
Balance Sheet
12
Notes
13-19

Chaif s Foreword
The past year has been both busy and challenging for Addoldai Cymru. As a result of
the unexpected departure of our Trustee Treasurer in July, followed by the departure
of our Trust Manager in August, (ourAdministrator had already resigned in June), and
set against a background of reduced funding. the Trust found itself facing an uncertain
future.
Fortunately, trustees managed to 'steady the ship, and get us back on course on
more. We re-appraised what we could, realistically, do as volunteers, by focusing our
priorities on putting AC back on a financially sound footing; carrying out an appraisal
of our existing buildings; finding new trustees and implementing the process of
advertising for a new Trust Manager. We were fortunate in finding four people who
had expressed an interest in becoming new trustees. They would be fomially
proposed and appointed at the AGM on 11 April 2025. However, moves to find a new
Manager failed to generate a response, and it was decided to review the job
description and salary before re-advertising the post.
Some of the buildings in our care were suffering from the effects of inadequate
maintenance funding over a number of years, whilstthe community groups associated
with others had still not fully recovered from the effects of Covid. Fortunately, Tanya
Jenkins agreed to help us with the financial aspects on a one-day-a-week basis, and
one of our trustees. Jonathan Jones, stepped in to serve as Treasurer pro tem.
The proposed refurbishment of the Grade Il" listed Hen DP Cwrdd, Trecynon came a
step closer with a revised design being agreed for the inclusion of a WC and
kitchenette within the building itself. (It had been proposed to locate the WC in a
separate building at the back of the graveyard behind the chapel). The project will
provide much-needed facilities at Hen Dy Cwrdd, which will make the building function
more fully as a community resource in the fvture. The work will be largely funded by
a grant from the National Lottery Heritage Fund.
Following concems regarding long-temi funding from Cadw, in 2024 - 2025 it was
decided to pause the acquisition of new chapels, until confirmation of an uplift in future
funding was received.
We have improved the outreach aspect of the Trust by launching a Facebook group,
and within a matter of weeks we had already attracted several hundred members. I
am grateful to all our friends and supporters who continue to support ourwork, as well
as those organisations and bodies, such as the NLHF. and individuals whose
donations and grants have enabled us to look afterthe 11 chapels in our care. Finally,
I wish to acknowledge the annual fvnding which we receive from Cadw, without which
the Trust would not be able to function.
Gerallt Nash
Chair
Jonathan Jones
Treasurer

Reference and Administrative Information
Directors and trustees 2024-25
The directors of the charitable company (the charity) are its trustees for the purpose of
charity law.
Robert Scourfield - Chair- Resigned as Chair 21 June 2024
Gerallt Nash - Vice Chair- Acting Chair from 21 June 2024., Elected Chair 11 April 2025
Neil Sumner- Treasurer- Resigned as Treasurer and trustee 1 July 2024
Elaine Davey
Jonathan Jones- Elected Treasurer 11 April 2025
D Huw Owen
Natalie Lancaster- Appointed and elected Vice Chair- 11 April 2025
Gareth Hughes- Appointed 11 April 2025. Resigned 14 November 2025
Genesis Dove- Appointed 11 April 2025
Tomos Davies - Appointed 11 April 2025
Volunteer Treasurer
David Glennerster- Co-opted 9 August 2024; Resigned 11 April 2025
Key management personnel:
Trust Manager
Christine Moore - Resigned 15 July 2024
Tanya Jenkins-Appointed 17 November 2025
Administrative Officer
Tanya Jenkins - Resigned 13 June 2024
Registered Office
Capel Salem, Stryd Picton Street, Nantyffyllon. Maesteg, CF34 OHH
Charity registration number
1084030
Company registratlon number
3870343
Accountants
W J Matthews & Son, 11-15 Y Bont Bridd, Caemarfon, Gwynedd LL55 1AB.
Bankers
HSBC, 24 Y Maes, Caemarfon, Gwynedd, LL55 2NB.

Ymddiriedolaeth Addoldai Cymru Welsh Religious Bulldings Trust
Trustees, Report for the period 1 Aprll 2024 to 31 March 2025
The Trustees are pleased to present their annual Directors, report together with the
financial statements of the charity for the year ending 31 March 2025, which are also
prepared to meet the requirements for a directors, report and accounts for Companies Act
purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the
Memorandum and Articles of Association, and 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).
Structure Governance and Management
The Trust is a charitable company limited by guarantee and was set up on 2 November 1999.
It is governed by a Memorandum and Articles of Association, which was last amended on 18
December 2006.
The Memorandum and Articles of Association provides for a minimum of 3 and a maximum
of 11 Trustees. The Trust currently has 8 Trustees. When a requirement for new Trustees
has arisen, these have been identified and appointed by the remaining Trust88s. Amongst
the Trustees, there is a significant amount of experience with regard to building conservation
and construction, education, and history, as well as those that are actively involved within
various denominations in Wales. In the event of a particular area of expertise or knowledge
being lost due to retirements, or that the Trust feels needs to be strengthened, individuals
are approached and invited to become Trustees. The Trust regularly reviews its Board
membership and, if necessary, will seek to recruit additional Trustees.
Potential Trustees are already familiar with the practical work of the charity. having been
invited to attend Trustees, meetings prior to a formal invitation to become Trustees. The Trust
Manager also provides copies of the Trust's Memorandum and Articles ofAssociation as well
as other relevant documents and additional material, so that they can familiarise themselves
with the Trust and the context within which it operates. The Chair and the Trust Manag8r will
meet individual Trustees for further explanation of roles and of the sector if required.
Governance and internal control
The Directors of the company are also charity Trustees for the purposes of charity law and
under the company's Articles are known as members of the Board of Trustees. Under the
requirements of the Memorandum and Articles of Association, the members of the Board of
Trustees are elected to serve for a period of three years after which they must be re-elected
at the next Annual General Meeting. The Board of Trustees comprised 6 trustees from April
2024 and 5 trustees from July 2024 until the end of the period covered by this report.
The Board of Trustees should meet at least three times 8 year, and during 2024-25 there
were 5 board meetings, on 30 May 2024, 9 August 2024, 5 September 2024, 3 October 2024,
18 January 2025. Board Meetings were held online or at the Trust's office at Salem, with
some Trustees being present in person, and others being present online. The Trust is
equipped with a high standard of audio-visual equipment at its Salem office to effectively
facilitate such blended meetings.
The Trust agreed with Cadw, as main funder and sponsor, a set of Purposes and Targets for
the year.
The Trustees consider the key management personnel of the charity to be in Gharge of
directing and controlling, running and operating the Trust on a day-to-day basis. This

comprises the Board of Trustees (who are the Trust's directors) and the Trust Manager. All
Trustees give of their time freely and no Trustees received remuneration in the year. Details
of TnJstees' expenses and related party transactions are disclosed in a note to the accounts.
Pay policy for staff
The pay of the staff is reviewed annually and in 2024-2025 was increased in accordance with
nationally agreed local authority pay scales.
Risk Management
Trustees have prepared a Risk Register. They a￿ satisfied that the major risks to which the
charity is exposed have been reviewed and that systems have been established to mitigate
those risks. The Trustees are aware of the substantial liabilities that they face.
Volunteers
Local volunteer input is a key part of project development and supporters. groups are
encouraged in relation to each building acquired. The Trust's Facebook groups for each of
the chapels continue to be an effective way of engaging with communities and sharing
information.
The volunteering input of the Trustees has been substantial during the staff interregnum. In
addition, David Glennerster, who was the Trust's Treasurer between 1999 and 2013,
supported the Trust as Volunteer Treasurer from g August 2024, providing financial advice
and oversight and attending Board meetings.
Staff
Tanya Jenkins, who was appointed as AdministratNe Officer in December 2016, tendered her
resignation on 13 June 2024. Her resignation was a¢￿pted by the board of trustees and it
was agreed that the final date of her employment would be 11 July 2024. Christine Moore,
who was initially appointed as the Trust's Development Officer in 2010 and then as Trust
Manager in November 2016, tendered her resignation on 15 July 2024. The position was
subject to a month's notice period, but she requested and was granted an extension until 31
August 2024. The Trust thanks her for work. Tanya Jenkins was subsequently appointed as a
part-time Finan￿ Administrator for one day a week in September 2024. The Trust's ongoing
staff structure is currently under review.
Objectives and Alms
The Trust is a body which has been estsblished for charitable purposes only, and the Trustees
believe that the description that best fits the Trust's purposes in section 2{2) of Part 1 of the
Charities Act 2006 is paragraph (Q ￿he advan￿ment of the arts. culture. heritage or Scien￿..
The Act also requires that its purpose must also be for the public benefit if it is to be
charitable purpose.
The Trustees have considered the Charity Commission's guidance on public benefit, including
the guidance Public Benefit.. Running a Charity (PB2) when reviewing the Trust's aims and
objectives and in planning its activities. All the Trust's portfolio of chapels are available for the
public to visit whenever there are no health and safety COn￿rnS or ongoing building work.
Any member of the public can contact the Trust's office for the contact details either of local
keyholders or in the case of 6 of the Trust's chapels, to obtain entry or key safe codes.
The Trust has been set up to address some of the serious problems facing Wales, rich
Inheritan￿ of religious buildings. The charity's purposes as formally set out in the objects
contained in the Company's Memorandum of Association are:
°The promotion and advan￿rnent of the religious and associated heritage of Wales,

or that which is associated with Wales, for the benefit and education of the people of
Wales and the public generally, and in particular but without limitation to the generality
of the foregoingto secure the conserrfation, repair and maintenance of chapels,
churches, meeting houses or other religious buildings and their associated buildings
and environments situated in Wales. other than those consecrated to the use of the
Church in Wales, together with their contents, burial grounds and curtilages, where
the buildings are of religious interest, or of particular beauty or historical, architectural
or constructional interest.
to promote and encourage the preservation and appreciation of chapels, churches,
meeting houses or other religious buildings, other than those consecrated to the use of
the Church in Wales, together with their associated buildings, environments, contents,
burial grounds and curtilages where such buildings are of religious interest or of
particular beauty or historical, architectural or constructional interest, primarily situated
in Wales, or that are associated with Wales, whether the buildings are being used for
their original purpose or not, and to advise on their conservation."
The Trust aims to promote and advance the religious heritage of Wales by:
a￿uirIng, as an owner of last resort, a limited number of redundant religious buildings
of significance and ensuring their conservation to the highest standards
providing advice and information to those owning or responsible for Ghapels and other
historic religious buildings, and to other interested parties.
The Trust's remit covers buildings of all denominations and faiths, except for the Church in
Wales, which has its own Scheme in place with The Friends of Friendless Churches and
Cadw.
Revlew of actlvltles and future developments
A summary of the work of the Trust in 2024125 is set out below.
Buildings for Acquisition
Following concerns regarding long-temi funding from Cadw, in 2024 - 2025 it was decided
to pause the acquisition of new chapels, until confirmation of an uplift in future funding was
received. As a result, previous discussions with Trustees of the John Hughes Memorial
Chapel, Pontrobert, Powys and disGussions with chapel representatives and the Baptist
Union of Wales regarding Salem Chapel, Cefn Cymerau, Gwynedd were held in abeyance.
The Trust continued to consider the potential acquisition of Salem Chapel, Fforddlas, Conwy,
however due to the uncertainties regarding funding, a final decision was again deferred.
The Trust continues to remain informed about redundant religious buildings potentially
suitable for acquisition and conservation. However, due to the accelerating rate of
redundancy, and the nature, number and age profile of congregations caring for buildings,
this will mean that an increasing number of iconic buildings in the Welsh religious buildings
environment will become redundant in the short to medium temi. Funding remains the main
issue for the Trust, as the Annual Revenue Grant received from Cadw has not kept pace with
inflation and does not reflect the increasing number of Trust acquisitions.
The Twst's remit is to conserve examples of redundant non-church in Wales places of
worship of exceptional architectural andlor historic interest. Freehold ownership and
management of even a small number of buildings is burdensome and a liability for trustees,
and acquisition of new buildings Io-date continues to be a reactive process but guided by our
'Significant Chapels. list. Using rigorous criteria, trustees have identified those buildings
which they consider to be of exceptional architectural andlor historic interest.
The Trust has acquired buildings at less than market value, under its status as a prescribed
charity underthe Redundant Churches and Other Religious BuildingsAct 1969, (as amended

in Schedule 5 of the Charities Act 1992). Whenever a decision is made to proceed with a
transfer on such terms, the Trust is very grateful to the respective disposing Trustees for their
Co-operation.
As the Trust becomes aware of possible candidate buildings, they are scrutinised by the
Buildings Sub-committee and considered alongside the principles of the Trust's Acquisition
Pro Forma. Where potentially suitable, visits are a￿anged to inspect the buildings and advi
is sought from the Trust's Architectural Advisers, who are two current Trustees. On
acquired, buildings will be repaired. conserved and managed by the Trust, and wherever
possible, made available for community use. Buildings that hav8 been acquired by th8 Trust
are often in poor condition, requiring maintenance and emergency repairs to prevent further
deterioration.
In re￿nt years, there has been a greater 8mphasis placed on increasing the community
engagement aspect at each building, developing the long-term future of buildings acquired
in conjunction with the local community. The Trust continued to develop this aspect of its
work in 2024.
In late 2023, the Trust was delighted to report that it had been awarded a grant of £248.343
by the National Lottery Heritage Fund. The National Eisteddfod was held in the county of
Rhondda Cynon Taf in 2024 and the first aim of the twofold project was to highlight the
importance played by the chapel in the Eisteddfod tradition of the area. The project consisted
of working with local schools to create an exhibition reflecting these traditions in Ihe Cynon
Valley Museum in July 2024 and on the Eisteddfod Maes itself. As part of the project, local
folk musicians researched and published a collection of Welsh folk airs collected by
renowned harpist and fomier member ofyr Hen Dy Cwrdd, Thomas Dafydd Llewelyn, known
as 'Llewelyn Alaw,. A rendition of some of these airs was also performed at the Eisteddfod in
Pontypridd and the annual Trust Lecture, delivered by Mr. D Leslie Davies, featured his
research into Llewelyn Alaw's life and his connection with the chapel. This part of the project
was completed in August 2024. The second part of the project, which is currently ongoing,
consists of a scheme of work at the chapel to enhance its potential for community use,
through the installation of a WC and kitchenette
The Trust welcomed The Brecknock Society and Museum Friends to Caebach in July 2024
and once again participated in Llandrindod Wells, annual Victorian Festival the following
month, with a re-enactment service at the chapel. Once again, the event was very well-
attended and has now become an integral part of the annual Festival timetable.
Numerous services and events were held at Peniel throughout the year, with the local Ysgol
y Gorlan returning to the chapel for their usual annual services. A Christmas Carol Service
was held at Caebach chapel, and the annual January Plygain Service was held at Ainon.
Trustees are grateful to the volunteers who have assisted with the arrangements for all of
these events. The Friends, Gardening Group and the Peace Choir met at The Pales Quaker
Meeting House during the year.
Active Projects
Cwrdd
Unitarian
Tre
non Aberdare Rhondda C
non Taf
rade11
As noted above, the Eisteddfod element of the projectwas undertaken and completed during
Summer 2024.
Salem
elsh Ba
tist
Nant
Ilon Maeste
rade Il.
Local contractors continued to cary out general maintenance works at Salem in 2024- 2025,
including cleaning and the clearing of overgrowth in the chapel grounds.
Bethania
elsh Ba
tist
Maeste
rade Il"

General maintenance and clearance work was undertaken by local contradors both in the
chapel and grounds during 2024- 2025.
Yr Hen Ga
Unitarian
Rh dowen
rade Il"
Following continued water ingress, despite hot lime pointing to the north wall of the chapel,
the Trust received confirmation of funding from Cadw in January 2025 to hang recycled
Welsh slates on the extemal wall and carry out remedial works where water had affected the
interior. This work commenced in late Spring 2025.
Role as advisory body
The Trust had also been established wsth the intention of becoming an advisory body and a
source of information to those owning or responsible for historic religious buildings in Wales.
Although reSoUr￿S are scarce. staff have continued to provide some information to those
requesting help on funding issues, with enquiries having been received via email and the
Trust's website.
The Trust supports the promotion and advancement of the religious and associated heritage
of Wales. or that which is associated with Wales, for the benefit and education of the people
of Wales and the public generally. In 2024-2025, an increasing number of people approached
the Trust digitally with enquiries relating to a range of historical and Gultural topics, and those
who wished to trace their family genealogies.
Website
The Trust's bilingual website continues to be an important part of its communication with
supporters and local communities. In 2024-25 it attracted 13k user sessions and 33k
pageviews. The websit8 is managed by Orangeleaf Systems Ltd digital heritage consultsnts.
The Trust's main Facebook page has over1 ,300 followers. The Trust also has Facebook sub-
groups for each of the Chapels in its care, where local people are able to engage with trust
representatives regarding trust events etc.
Friends of the Trust
In 2024, the Trust decided to rebrand its 'Friends' as 'Supporters' and increase the
membership fee for the first time since its establishment from £10 to £20 per annum. As of
31 March 2025, the membership stands at 83.
Links with other organisations
The Trust has maintsined its links with several like-minded organisations - the Friends of
Friendless Churches, the Scottish Redundant Churches Trust and the Churches
Conservation Trust- as well as with religious and other institutions in Wales and further afield.
The Trust also has links with the Historic Religious Buildings Alliance and the National
Churches Trust.
The Trust retsins its connection with Capel,, the Chapel Heritage Society in Wales, via trustee
D. Huw Owen.
The Trust has a successful working relationship with the Royal Commission on the Ancient
and Historical Monuments of Wales, particularly in regard to the Trust's website and ongoing
work on identifying Wales, most significant chapels.

The Trust is a member of the Bridgend Association of Voluntary Organisations (BAVO), and
the Heritage Trust Network.
The Trust is a member of Future for Religious Heritage, the European network for historic
places of worship which aims to bring together those who work to protect religious heritage
across Europe.
Stsff or trustees have represented the Trust at meetings of relevant Forums and Heritage
Groups throughout the year.
Financial Revlew
The Trust has continued to d8v8lop its activities and to build upon what it has achieved to
date.
Funding
Current funding arrangements with Cadw are on an annually renewable basis, and the Trust
has received core-funding from Cadw for the administration and development of the Trust
during the year. The Trust, however, continues to operate with insufficient resources to
develop its projects in the most effective way. and to make the most efficient use of funds
already granted.
Cadw has also continued to contribute towards project overheads, in particular, funding the
insurance premiums and utility bills at each building, until projects have identified an income
stream to enable them to pay their own way.
The Trust is also grateful to its Friends and private donors generally for their generosity to the
Trust, and whose contributions are augmented by the Gsft Aid claimed in respect of their
donations.
The Trust received several noteworthy donations from individuals during the year, notably
£120 from Peter David and £100 apiece from M. E. Price and David Glennerster.
Contributions totalling £450 were also received from people who had held family funerals at
Peniel. and in March 2025, the Trust received a £390 donation towards Peniel Chapel from
Mr Gareth Parry, Tremadog, in memory of his late wife, Anwen. The Trust also re￿iVed
donations towards The Pales. The Trust greatly appreciates all donations received.
Current funds are still insufficient for all the Trust's requirements. Its activities therefore
continue to be concentrated on essential works connected with the conservation and
management of its buildings, although the Trust's website is a means of being able to provide
support more widely to those who seek it.
Reserves policy
As an organisation mainly funded by grants for work in hand. the Trust has not been able to
build up reserves of any significance to date. The Trustees would like to be in the situation of
being able to build up a modest amount as a reserve for unforeseen eventualities.
Future Plans
The Board of Trustees monitors both the Trust's day-to-day activities and its development
plans on a regular basis in order to make the best use of its limited resources. The work of
the Trust is based around four main areas of activity: Acquisition, Conservation, Participation
& Interpretation.

The Trustees prioritise activities according to need, and in line with the resources available.
In doing so, the Twst will continue its work of seeking to conserve an important element of
the history and character of Wales.
Trustees. responsibilities In relatlon to the financial statements
Company and charitable law require the Trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the
surplus or deficit of the charity for that period. In preparing those financial statements, the
Trustees have:
selected suitable accounting policies and then applied them consistently
made judgements and estimates that are reasonable and prudent
stated whether applicable accounting standards have been followed
prepared the financial statements on the going concern basis.
The Trustees have overall responsibility for ensuring that the charity has appropriate systems
of controls, financial and otherwise. They are also responsible for keeping proper accounting
records which disclose with reasonable accuracy at any time the financial position of the
charity and enable them to ensure that the financial statements comply with the Companies
Act 2006. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities and
to provide reasonable assurance that:
the charity is operating efficiently and effectively
its assets are safeguarded against unauthorised use or disposition
proper records are maintained and financial infonnation used within the charity or for
publication is reliable
the charity complies with relevant laws and regulations.
The systems of intemal control are designed to provide reasonable, but not absolute,
assurance against material mis-statement or loss. They include:
An annual budget approved by Trustees
regular consideration by the Trustees of financial results and variance from budgets
delegation of aLrthority
identification and management of risks.
Accountants
The Trust is not required to have its accounts audited. An independent examinerfs report has
been prepared as the Trust's gross income is between £25,000 and £1,000,000 and the
Trust's total assets (before liabilities) do not exceed £3.26m. No auditors have Iherefore been
appointed.
A resolution that WJ Matthews and Son will be re-appointed as independent examiners was
passed at the Annual General Meeting held on 11 April 2025.
This report was approved by the Board of Trustees on 14 January 2026 and signed on its
behalf by:
Gerallt Nash (Chair)

Independent examiner's report to the Trustees of Ymddiriedolaeth Addoldai
Cymru Welsh Religious Buildings Trust
I report to the charity trustees on my examination of the accounts of the company for the year ended
31st March 2025 set out on pages 13 to 21.
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 accordan￿ with the requirements of the
Companies Act ('the 2006 Act,).
Having satisfied myself that the accounts of the charitable 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 carying out my examination I have followed the Directions given by the Charity
Commission under section 145 (5)(b) of the 2011 Act.
Independent examineffs report
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:
accounting records were not kept in respect of the company as required by section 386 of the
2006 Act; or
the accounts do not accord with those accounting records. or
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
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
Chartties 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.
Mr David Chidl
W. J. Matthews & Son
Chartered Accountants
ICAEW
11-15 Bridge Street
Caernarfon
LL55 1AB
Datad: /£ /, /202
p.10

Ymddiriedolaeth Addoldai Cymru Welsh Religious Buildings Trust
Statement of Financial Activities {incorporating an Income and Expenditure Account)
for the year ended 31 MarGh 2025
Unrestricted Restricted
Funds
Fund3
Total
2025
Total
2024
Incom6
Donations and grants
75.601
1.308
76.909
88.061
Income from charitable activities."
Donations and grants
27.600
27.600
26.567
Other income
10,172
10,157
20,329
1,182
Total Income
85,773
39,065
124,838
115,810
Expenditure..
Charitable Activties
81,289
36,406
117.695
733,595
Totsl Expenditure
81.289
36,406
117.695
733.595
Nat Incom• l (exponditure)
4.484
2,659
7,143 (617,785)
Transfers between funds
Fund Balances at 1 Aprll 2024
705,688
28,419
734,107 1,351,892
Fund Balancas at 31 MarGh 2025
710,172
31,078
741,250
734.109
The notes on pages 15 to 21 form part of these accounts.
p.11

Ymddiriedolaeth Addoldai Cymru Welsh Religious Buildings Trust
(Company number 3870343J
Balance Sheet at 31 March 2025
Notes
2025
2024
FIXED ASSErs
Heritage Assets
698.789
699,256
CURRENT ASSETS
Debtors and Prepayments
Cash at Bank
10
873
45.177
9,684
27,880
46,050
37,564
CREDrroRS: Amounts falling due
within one year
11
(3,589)
(2.713)
Net Current Assets
42,461
34.851
NEf ASSETS
741.250
734,107
FUNDS
Unrestricted Funds
Restricted Funds
12
12
710,172
31,078
705,688
28.419
741,250
734.107
In the directors, opinion the company was entitled under section 477(1) of the Companies Act 2006 to
exemption from the audit of its accounts forthe year ended 31 March 2025. No member ofthe company
has deposited a notice under Section 476 requiring an audit of these accounts.
The directors are responsible for ensuring that the company keeps proper accounting records which
comply with Section 386 of the Companies Act 2006 and for preparing accounts 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 profit or
loss for each year in accordance with the requirements of Section 394 and Section 395 of the
Companies Act 2006, and which otherwise comply wrth the requirements of that Act ￿lating to
accounts. so far as applicable to the company.
The accounts are prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies and have been prepared in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland {FRS102).
Gerallt Nash (Chair)
Date: 14 January 2026
The notes on pages 15 to 21 form part of these accounts.
p.12

Ymddiriedolaeth Addoldai Cymru Welsh Religious Bulldings Trust
Notes to the Accounts for the year ended 31 March 2025
Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation
uncertainty in the preparation of the financial statements are as follows:
Basis of preparation
The financial statements have been prepared in accordan￿ with Accounting and Reporting
by Charities: Statement of Recommended Practi￿ applicable to charities preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) -charities SORP (FRS102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS102) and the Companies Act 2006.
Ymddiriedolaeth Addoldai Cymru Welsh Religious Buildings Trust meets the definition of a
public benefit entity under FRS102. Assets and liabilities are initially recognised at historic cost
or transaction value unless otherwise stated in the relevant accounting policy note.
Preparatlon of the accounts on a going concern basis
The trustees consider that there are no significant uncertainties in respect of the charitable
company's ability to continue as a going con￿rn.
Income recognltlon polici&s
Incoming resources are included in the statement of financial activities when the charity is
entitled to the income, any performance conditions attached to the items of income have been
met or are fully within the control of the charity, there is sufficient certainty that receipt of the
income is considered probable and the income can be measured reliably. Income is deferred
if the performance related conditions have not been met or if the income is earmarked for future
periods.
Grants, where entitlement is not conditional on the delivery of a specrfic performan￿ by the
charity, are recognised when the charity becomes unconditionally entitled to the grant. Income
is deferred where the conditions for entitlement to the income have not been met or where the
income has been given specifically for a future period.
Incoming resources from grants, where related to performance and specific deliverables. are
accounted for as the charity earns the right to consideration by its performance.
Fund accounting
Unrestricted funds are available for use by the trustees to promote the general objects of the
charity at the discretion of the trustees. Restricted funds are funds that 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 a particular restricted purpose.
Expenditure
Expenditure is recognised once there is a legal or constructive obligation lo make a payment
to a third party, it is probable that settlement will be required and the amount of the obligation
can be measured reliably.
ReSoUr￿S expended are included in the Statement of Financial Activities on an accruals basis.
Charitable expenditure comprises those costs incurred by the charity in the dellvery of its
activities and services for its beneficiaries. It includes both costs that can be allocated directly
to such activities and those costs of an indirect nature necessary to support them.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
p.13

Ymddiriedolaeth Addoldal Cymru Welsh Religious Buildings Trust
Notes to the accounts for the year 8nded 31 March 2025
Accounting Pollcies
Support cost8
Support costs are those functions that assist the work of the charity but do not directly
undertake charitable activities. Support costs indude costs of administration. finance.
personnel, payroll and governance costs which supports the charitable programmes.
Capital Expenditure
Capital assets with a cost which exceeds £1.000 are capitalised in the accounts.
Heritage assets are shown at cost.
Depreciation is provided on fixed assets at the following rates:
Office equipment
over 4 years on a straight-line basis
Depreciation is not provided on freehold properties as it is the policy of the trust to maintain
them to a high standard so that their residual value is not less than their cost.
Heritage Assets
The acquisition cost and renovation cost of chapels are stated at cost less any impairment.
Pension costs
The cost of providing pension and related benefits is charged to the SOFA over the
employee's service lives. The charity makes defined contribution pension payments.
Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid after taking account of any trade
discounts due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation resulting
from a past event that will probably result in the transfer of funds to a third party and the amount
due to settle the obligation can be measured or estimated reliably. Creditors and provisions
are normally recognised at their settlement amount after allowing for any trade discounts.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as a basic
financial instruments. Basic financial instruments are initially recognised at transaction value
and subsequently measured at their settlement value.
Legal status of the Charity
The company is limited by guarantee registered in Wales. If upon the winding up of the
company, there remains after the satisfaction of all debts and liabilities, any propety
whatsoever the same shall not be paid to or distributed among the members of the company.
but shall be given to some other charitable institution having similar objects to the company.
As members will not receive any surplus from the company, a Reconciliation of Members,
Funds is not required.
p.14

Ymddirledolaeth Addoldai Cymru Welsh Religious Bulldlngs Trust
Notes to the accounts for the year ended 31 March 2025
Unrestricted Restrict
Funds
Funds
Total
2025
Total
2024
Income from donations and grants
Cadw Revenue Grant
Donations
RCAHMW grant
United Reformed Church Grant
73.456
2,145
73,456
3.252
77,322
6,795
1.000
1.107
201
201
75.601
1.308
76.9)9
88.061
Income from charitable activities
Donatlons and grants
Unrestrlcted Restrlcted
Funds
Funds
Total
2025
Total
2024
Cadw Capital Grant
Listed Places of Worship VAT Grant Scheme
Funds transfer from South Marchers
Area Quakers Meeting
Heritage Lottery Fund
7,125
7,125
9,414
17,153
20.475
20.475
27,600
27.600
26.567
Analysls of expanditure on charitable actlvltles
Conservation
Projects
Total
2025
Total
2024
Wages
Travel and Subsistence
Religious buildings maintenance
Insurance
Impairment of heritage assets
Project Costs
Governance costs
Support costs
21,954
21,954
49.812
2,462
69,882
15,267
576.661
47.956
14,320
47.956
14.320
18,161
1.808
12,647
18.161
1,808
12.647
2,405
17,106
117,695
117,695
733,595
Expenditure on charitable activities in the year was £117.695 (2024 £733,595). Of this
expenditure £81,289 (2024 - £723.764 was unrestricted and £36.406 (2024 - £9,831) was
restricted.
p.15

Ymddiriedolaeth Addoldai CYMTU Welsh Religious Buildings Trust
Notes to the accounts for the year ended 31 March 2025
Analysis of governance and support costs
Initially, the charitable Company identifies the costs of its support functions. It then identffies
those costs which relate to the governance function
G•noralGov•manca
Support functlon
Total
2025
Total
2024
Heat, Light and Utilities
Rates
Committee Meetings and AGM
Printing, Postage and Stationery
Advertising
Telephone
Repairs, Renewals & Computer Costs
Subscriptions
Accountsncy
Legal and professional
Companies House fee
Recruitment
Bank charges
General expenses
Depreciation of office equipment
6,831
6,831
7,819
158
1,107
355
5,058
732
772
190
1,298
723
163
476
476
259
1,588
g38
259
1,588
938
95
1,332
612
1,332
612
210
210
662
467
305
765
467
12,647
1,808
14,455
19,511
Analysis of staff costs, trustee remunerdtion and •xp•nses, and the cost of key
management personnel
2025
2024
Staff salaries
Pension Payments
20,218
1,736
45,283
4,529
£21,954
£49,812
Two individuals were employed in the year {2024 - 2). £502 of pension liabilities existed at the
year*nd (2024 - £1.110). No employee had employee benefits in excess of £60,000 a year (2024
NIL).
The key management personnel of the charFty comprise the Trustees and management team. The
total employee benefits of the key management personnel of the charity were £21.954 (2024 -
£49,812).
No trustees received any remuneration during the year (2024- Nil). No charity trustee received
payment for professional or other services supplied to the charity (2024- £Nil).
Out of pocket expenses were reimbursed to trustees as follows
2025
Number
2025
2024
Number
2024
Committee Meetings and AGM
£467
£1,533
p.16

Ymddiriedolaeth Addoldai Cymru Welsh Rellglous Buildings Trust
Notes to the accounts for the year ended 31 March 2025
Corporatlon Tax
Ymddiriedolaeth Addoldai Cymru Welsh Religious Buildings Trust being a registered charity is
exempt from Corporation Tax.
Tangible Fixed Assets
Heritage
Office
Buildings Equipment
Cost
At 1 April 2024
Additions
1.275,161
5,852
At 31 March 2025
1.275,161
5.852
Depreciation
At 1 April 2024
Charge for the year
576,661
5,096
467
At 31 March 2025
576,661
5.563
Net Book Value
At 31 March 2025
698,500
At 31 March 2024
698.500
756
Summary analysis of heritage asset transaction
2024
202£
2021
Purchases
Donations
36.167
153,993
2.880
Total Additions
36,167
153,993
Charge for impairment
Disposals
Proceeds from disposals
576,661
During the previous year the trustees reviewed the carying amount of each heritage assets.
mparing them with the average market value. The review concluded that the average market
value was less than the carrying amount and therefore an impairment of £576.661 was
recognised.
10. Debtors
2025
2024
Grants due
Prepayments
400
473
200
9,484
873
9,684
p.17

Ymddiriedolaeth Addoldai Cymru Welsh Religious Buildings Trust
Notes to the Accounts for the year ended 31 March 2025
11. Credltors: Amounts falling due
within one year
2025
2024
Accruals
3.589
2,713
3,589
2,713
12. Statement of Funds
1 April
2024 IncomeExpenditureTransfers
31 March
2025
Core fijnds
Restricted Funds."
Hen Dy Cwrdd
Yr Hen Gapel
Peniel
Carmel
Caebach
The C>ales
705,688
85.773
81.289
710.172
20,575
7.125
20.575
7.125
331
10.534
331
2.600
5.325
12,636
15,783
20,570
10,508
734.107 124,838 117,695
741.250
1 Aprll
2023 In¢om•ExpandftureTransfers
31 March
2024
Core funds
Resthcted Funds..
Libanus Chapel
Hen DTr CvKdd
Beili Du Fund
Bethania Chapel
Yr Hen Gapel
Peniel Chapel
Ainon
Carmel
Caebach
The Pales
RCAHMW grant
95,381
84,213 723,764 1,249,858 705,688
192.667
199.543
184.232
265.147
197,629
184.647
{192,667)
{206.688)
{184.232)
(265.147)
(197,629)
362 (184.647)
2,270
120 {18.848)
4,281
1,798
1,000
7.145
362
2,270
120
3,119
17,581
1,000
18.848
13,798
12,636
15,783
1.351,892 115.810 733.595
734.107
p.18

Ymddlriedolaeth Addoldai Cymru Welsh Religious Buildings Trust
Notes to the Accounts for the year ended 31 March 2025
Fund balances at 31 March 2025 are represented by:
Core
Funds
Project
Fund
Total
Fixed Assets
Current Assets
Current Liabilities
698.789
14,972
(3,589)
698,789
46,050
(3,589)
31,078
710,172
31,078
741.250
Post year end funding
The Trust does not enter into contracts for repairs until all the necessary funding has been raised.
Funds are either re￿iVed prior to commencement of any work. or. more usually. formal funding
offer letters or funding contracts are re￿ived. with the actual funds to be drawn down periodically
as y￿rk is completed and invoices received. Such funding can spread over more than one year,
and liabilities that arise during one year met by post year end receipt of funds.
13.
Capital Commitments
At the year end, the charitable company had commitments under capital contracts amounting
to £Nil {2024- £NIL).
14. Prior year fund breakdown
Unrestricted Restrbcted
Funds
Funds
Totsl
2024
Total
2023
Notes
Income
Donations and grants
83,031
5,030
88,061
95.277
Income from charitable activities."
Donations and grants
26,567
26,567
56.264
Other income
1.182
1,182
Total Income
84,213
31,597
115,810
154,986
Expendlture..
Charitable Activties
723,764
9,831
733,595
163,99)
Total Expenditure
723,764
9,831
733,595
163.990
Net Income l (expenditure)
(639.551)
21,766
(617,785)
(9.004)
Transfers between funds
1,249.858 (1,249,858)
Fund Balances at 1 April 2023
95,381 1.256.511 1,351,892 1.360.896
Fund Balancas at 31 March 2024
705,688
28,419
734,107 1,351,892
p.19