COMPANY REGISTRATION NUMBER: 08070275
CHARtrY REGISTRATION NUMBER: 1148032
The Ffald-y-Brenin Trust Limited
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2023
PRITCHARD & CO
Chartered accountants
Ffynnonddofn
74 High Street
Fishguard
Pembrokeshire
SA65 9AU

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The Ffald-y-Brenln Trust Limited
Company Limited by Guarantee
Trustees. Annual Report (Incorporatlng the Dlrectorfs Report)
Year ended 31 December 2023
The trustees, who aro also th8 directors for the purposes of cornpany law. present thelr report and the
unaudited flnanclal statements of the chaiity for the year ended 31 December 2023.
Rofgrnnca and admlnlstratlvo detsll•
R•gl$t•r•d charlty nam•
The Ff81&y￿r￿nIn Trusl Limited
Charlty r•glstratlon number
1148032
Company reglstratlon numb•r 08070275
Prfnclp•l ofllca and re9lster•d Ffald Y Brenln
offlco
Pontfaen
Fishguard
Pembrokeshire
SA65 9UA
Wales
Tho tru•tM•
Mr C P Mould
MrsPVSBell
Mr R J Robarts
Rev Canon S R Ball
Mr D H Davies
MsSWRee8
Ind•pond•nt •x•mln•r
Ign Williams
Chartered Certffied Accountant
Ffynnonddofn
74 High Strael
Fishguard
Pgmbrokeshlrg
SA65 9AU
Structurn. govemanco and manag•m•nt
The Ffald-Y-Brenin Trust Limited is govemed by its Memorandum and Artlcles of A8soclallon a8
incorporated under the Companies Act 2006 on 15 May 2012. 11 became a registered charity on 10
July 2012. The Trust is a company limited by guarantee and has no share capital. The liability of
each member In the event of a windlng up is limited lo £10.
11 Is Intended thal the trustses wlll bg selected generalty by word of moulh, bawl on a ski115 audlt
carried out by th8 remaining trustees lo secur8 th8 balanced expertise required for the efficient
delivory of the trust objeth'ves. New trustees are provided wrth information about the working of the
Ffald-Y-Brenin Trust, its hiskny and fulure plans. In addilion they are given information on
recommended good waclice including the Charity Commission's publications 'Responsibililies of
Charity Trustees" and 'Hallmarks of a Well-Run Charity..

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The Ffald-y-Brenin Trust Limlted
Company Limited by Guarantee
Independent Examinerfs Report to the Trustees of The Ffald-y4renln Trust
Llmlted
Year ended 31 December 2023
I report lo the trustees on my examinati￿ of Ihe financial statemnts of The Ffald-y-Brenin Trust
Llmited Ilhe ch￿lty,) for the year ended 31 December 2023.
R•sponslbllltl•* and bas1$ of report
As the trustees of the ￿MpanY (a￿1 ￿$0 its directors for Ihe purposes of company lawl you are
responsible for the preparation of the financial slatements in accordance with the requirements of the
Companies Act 2006 I'the 2006 Act,).
Having satisfied myself that thg accounts of Ihe company are not required lo be audlted undèr Part 16
of the 2006 Act and are eligible for Independgnl examlnalion. I report in rosp8cl of my examlnallon of
the charity's accoLtnts as carried out under section 145 of the Charili8s Act 2011 {Ihe 2011 Act'l. In
Carrying out my examln81ion I have followed the DireC￿nS gfvan by the Charity Commission under
section 14515llbl of the 2011 Act.
Ind•p•ndent •xamln•rfs itat•m•nt
Since the charity's gross Income exceeded £250,000 your exomlner must be a member of a body
listed in section 145 of Ihe 2011 Act. I confimi Ihal l am qualified lo undertake the exarninalion
bocausè l am o member of the Association of Chartered Certlfied Accountant8, whlth is one of th6
Ilsl8d bodies.
I have completed my examlnalion. I c(mfim that no mattern have eomg lo my attenli¢)n in connecdon
wlth th6 examinallon giving m8 cause to believo..
accounllng records waro not kopl In rasp6ct of the charlty as requlred by $8cllon 386 of the
2006 A¢t.' or
the financlal slalemenls do not 8￿yd wlth th056 reclyds; or
the financial slatemenls do not comply wtth the acctyjnting requlrem6nts of secllon 396 of
the 2006 Act other than any requirement that the accounts giv& a 'lriJg and falrf view which
is not a matter considered as part of an independenl examination.. or
the financlal 8tatsments have not b88n prepared in accordanc8 with the methods and
winciples of tho Statement of Recc¥mm6nded Practice for accounllng and reporting by
arllies applicable lo chartti8s kyeparing their accounts in accordanco Wth Ihg Flnanclal
Reporting Standard applicabl8 in the UK and Republic of Ireland IFRS 1021.

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The Ffald-y-Brenin Trust Limited
Company Limited by Guarantee
Statement of Financlal Actlvltles
(including Income and expendlture account)
Year ended 31 Decombor 2023
2023
2022
UnrestrKled Restricted
funds
fvnds Total funds Total funds
Incom• and endowrnonts
Donations and legacios
Charitable aclNilies
Investment incom8
135.912
240.257
1,496
135,912
240,257
1.496
96.801
202.643
T¢)tal In¢om
377,665
377.665
300,090
Expondllure
Expenditure on charitable activities
Total expfrndlturn
374,989
1.260
376,249
337,940
374,989
1.260
376.249
337,940
N•t Incom•l(oxpondltur•) and n•t
mov•m•nt In funds
2.676
11.2601
1.416
137,8501
Reconclllatlon of funds
Total lunds brought lo￿ard
Totsl funds C•ffl•d lornard
623,691
8.678
632,369
670,219
626.367
7.418
633,785
632.369
Tho slalfyment of flnanclal a￿v￿leS Includes all galns and108sgs rowgnlsed In the year.
All income and expenditure derive from continuing activities.
Th• not•s on pa90$ 8 to 17 fo￿ part of th•s• financlal ststemonts.

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The Ffald-y-Brenin Trust Limited
Company Llmlted by Guarantee
Statement of Flnanclal Posltlon fmnthwdj
31 December 2023
ese fJpJa clal statsmenls were approved by th8 tr￿ard of trustses a￿1 aulhorbsed for Issue on
. aThJ are swJned on behaw of th6 board by".
Mr C P Mould
Trustse
Th• not•9 on pa9￿ 8 to 17 form part of these finanelal stat•m•nts.

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The Ffald-y-Brenin Trust Limited
Company Limited by Guarantee
Notes to the Flnanclal Statements
Year ended 31 December 2023
A¢¢ountlng pollcles (condnrxd)
Fund accountlng
Unrestdctod fvnd$ are avall8bl8 for use at the d&crellon of the trustaes lo further any of the
ch8rlV8 PUfPOS8S.
DesvJnoled funds are unrestricted fund5 èamarted by the truste88 for parti￿lar future project or
commitment.
Restricted funds ar8 subjected lo restrictions on their 8xpenditurg declared by the donor or
through the tem)s of an appeal. arKI fall into one of sutKlasses.' restricted income funds or
endowment funds.
Incomlng ro•ourc
All incomirvJ resour￿S arè Included in the statement of financial 8ctiMtios whan entluement has
P85sed lo ¢he charty.. il 1$ probable that the economic benefits associated with th8 transacllon
wlll flow lo the charity and the amount can be roli8bty measured. The following specific policies
are applied to particular Calagorles of irbcomo..
In¢omo from donallon8 or grants 16 ro¢ogn188d wthen there Is evklgn¢a of entluemenl to the
gfft, recelpt Is proba￿8 and rt8 amount can bg measured rellabty.
legacy in¢om8 is recognlsed when recolpt i¥ Probab￿ and enlluement 1$ g$lablish8d.

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pai!w!I Isnji u!uaJs-A-PlEJ4 ayi

The Ffald-y4renin Trust Limited
Company Llmited by Guarantee
Notes to the Flnanclal Statements
Year ended 31 December 2023
A¢countlng pollclas (conthwdj
Impairmont of lIx￿ 4880ts (GonllTru•dJ
For the purposes of impalmient testing. wthen It 18 not possible lo e51imale the recoverable
amount of an individual asset. an estimate is made of the recoverablo amount of the
cash-g8norating unil lo which tho asset bebngs. The ca8h-generating unit Is the smallest
identifiablo group of assets that includes th8 asset and generates cash infi¢)w5 that larg8ly
independent of the cash inllows from other assets or groups of assets.
For impaSrm8nl lestlng of goo(k¥ill, the ￿)0d￿lI1 acquirad in a busin8ss combinallon Is. from th8
acquisllion dale, allocated lo gach of the cash￿an8ratsng units that ara expected lo banefil from
the synergies of th6 comblnatlon. ¥resp￿t￿o of wttelher other assets or Ilabllll￿8 of the charlty
are assignod lo those unlts.
stocks
Stocks are measured at the lower of wst and eslimatod selling price108s costs lo complete and
sell. Cost Includes all costs of purchase. costs of convers￿￿ and other costs Incurred in bringing
the stock to its present location and condition.
Flnanclal In•trum•nts
A Ilnancial asset or a financial Ilabillty Is recognlsod only when thè charfty becomes a party lo the
conlraclual provlslons of the instrumanl.
Baslc flnanckgl Instruments are In6Ualty reccon158d at the amount recalvable or payable Includlng
any related trans8Gtion costs.
Current assets and current liabilities are subsequently measurwj ot the e48h or other
oonsid8ralion expècted lo be paSd or recelvgd and not discounlad.
FlnancSal assets thal are measured 81 cost or amortiged cosl are reviewed for objective evldence
of impairment at the end of gach reporting dale. If the￿ is objective evidence of imp8irmenl. an
Impairment loss is rec¢>ynised under the appropriate hèading In the statement of finoncial
aclivilies in which the inilhgl gain w88 recognised.
11

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pai!w!I Isnji u!uaJs-A-pipJ4 ayi

The Ffald-y4renin Trust Limited
Company Llmlted by Guarantee
Notes to the Flnancial Statements
Year ended 31 December 2023
Charftablo a¢tlvltlos
Unreslricted Total Funds Unrestricted Total Funds
Funds
2023
Funds
2022
Contributions toward conferences and
accommodation
Bookshop sale8
206,030
34,227
206,030
34,227
171,3¢XI
31,343
171.300
31,343
240,257
240.257
202,643
202,643
In￿•tment Incom•
Unrestricted Total Funds Unreslricled Tolal Funds
Funds
2023
Funds
2022
Rent receivablo
1.496
1.496
Expendlturn on charltabl• a¢tl¥ltl•• ty fvnd typ•
Unrestricted
Funds
Restricted Total Fund$
Funds
2023
Advancing th8 Christian Roligion
374,989
1,260
376,249
Unrestrlctsd
Funds
R8$lrictad Total Fund8
Funds
2022
Adv8nclng the Chrlsllan Rg11gicrf)
336.980
337,940
Expgndltur• on charltablt actlVftl￿ by actlvlty typ•
Activities
undertakan Total funds
direclly
2023
Total fund
2022
Adv8nclng the Chrlsllan Rellgion
376.249
376,249
337,940
10. N•t Incomollexpendlturel
Net Incomellaxpendilur8) Is stat8d after charglngllcredltlngl:
2023
2022
Depreda￿on of tangible fixed assets
14,342
14.288
13

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The Ffald-y-Brenin Trust Limited
Company Limited by Guarantee
Not8s to the Flnanclal Statements {conthu
Year ended 31 December 2023
14. Tanglblo flxed assets
Freehold Fixiures and
propety
fittings
Total
Cost
At 1 January 2023
Additions
530,056
51,689
4.050
581,745
4.050
At 31 D•¢emb•r 2023
530,056
55,739
585,79S
D•prn¢latlon
At 1 January 2023
Charge for the year
At 31 De¢•mbor 2023
81,995
10.601
30,801
3,741
112,796
14,342
92,596
34.542
127,138
Carylng amount
At 31 D•umb•r 2023
437.460
21.197
458,657
At 31 Decemb6r 2022
448,061
20.888
468.949
15. Stocks
2023
2022
Row malèrlals and consumables
6.852
5,285
16. D•bt¢r•
2023
2022
Prepaymgnls and aCcfL￿d income
Other debtors
2.372
3.903
1,374
4,711
6.275
6,085
17. Cr•dllorn: amounts l•lllng due wlthln on• ￿ar
2023
2022
Trade creditors
Arnounls owed to group undertakings
Accruals and deferred income
Other creditors
4,098
2,712
200
678
6,787
2,717
743
7.688
10.247
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The Ffald-y-Brenin Trust Limited
Company Limlted by Guarantee
Notes to the Flnanclal Statements (wil
Year ended 31 Decemb8r 2023
20. Analysls of net assets b•twèen funds
Unrestricl&J
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Current assots
Crgdilor81885 than 1 year
Net as$•ts
458.657
175.398
(7,6881
626.367
458,657
182,816
17,6881
633.785
7,418
7,418
Ljnrostrthl
Funds
R851rict8d Total Funds
Funds
2022
Tangible fixed assèts
Current assets
Credilorsrgss than 1 year
Nel a88Ot$
468.949
146,583
110.2471
605.285
468,949
155.261
110,2471
613,963
8,678
8,678
17

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The Ffald-y-Brenln Trust Limited
Company Limited by Guarantee
Detalled Statement of Flnancial Actlvlties
Year endod 31 December 2023
2023
2022
Incom• and endowments
Donatlons and legacles
General donations
Friends donations
Gift aid tax claims
Legacies
37.947
53,182
24.783
20,000
27.595
43,998
25,208
135,912
96.801
Charltablo actlYltl••
Contributions toward conferences and accommodallon
8ook5hop sales
206.030
34,227
171.300
31,343
240,257
202,643
Investmont Incorno
Rent recglvab19
1.496
Total Incorn•
377,665
300.0
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The Ffald-y-Brenin Trust Limited
Company Llmited by Guarantee
Notes to the Detailed Statement of Flnanclal Activities
Year ended 31 December 2023
2023
2022
Expendlture on charltablo acllvltlos
Advanclng thg Chrfstlan Rgllglon
Actlvltle$ undertaken directly
Re-sale items
Staff salaries aThJ wages
Employels NIC
Pension c0515
Rates and walor
Light and heal
Repaits and maintenance
Insurance
Travel
Legal and profes8lon•l 168$
Telephone
15.738
231,123
15,869
3,680
613
25.047
3,001
4,386
S.181
723
2,599
15,559
209,473
9.654
3,45S
923
17,143
1,093
3.981
4,287
4,145
2,605
[ !]
Depreciotion
Postage
Subscripllons
Enthuse charges
Sundry expens88
Outsourcing
Cleaning and w881e disposal
Catering and consumablés
LHOP expen$8S
Printing, stationery and advertising
Bubldlng maSntenance
Garden m8int8n*nce
Bank chargos
14.342
2.589
3,584
2.051
3.222
2.614
1,084
11,623
14,288
2,407
2,300
1,890
745
13,165
1,001
8.874
801
4,687
9.686
3.388
2,390
9,529
12,025
2,274
3,352
376.249
337.940
ExpondSturo on charhabl• odlvltlej
376.249
337,940
21