2021-06-30-accounts

CYMDEITHAS ERYRI

SNOWDONIA SOCIETY

REPORT AND ACCOUNTS

YEAR ENDED 30 JUNE 2021 Charity Number: 1155401

INDEX TO THE ACCOUNTS

	Page
Chair’s Review of the year ending 30 June 2021	2 - 5
Annual Report of the Trustees	6 - 9
Independent Examiner’s report	10
Statement of Financial Activities	11
Balance Sheet	12
Notes forming part of the accounts	13 – 19

1

Cymdeithas Eryri Snowdonia Soclety Annual Reports and Accounts Year ended 30th June 2021 CHAIR'S REVIEW OF THE YEAR This time last year we had come through the first Covid 'lockdown' and were wondering what a 'new normal, would be like for all who visit, ltrv@ or work in the National Park. After the lockdowns community lrfe is reshaping and, desplte the constiaints, the year ending June 2021 proved to be a remarkably busy and sUcCe￿ful period for tlie Society. Our adaptable staff have been using tlieir home as their offlce for the duration of the year- use of the office at Caban being restricted with suitable precautions in place. There has been one change In staff during the year- the addition of Owen Davies as Project Officer. Cynllun Eryri, a ground-breaking partnership plan for Snowdonia was formally launched in November 2020. It sets out in detail how the National Park Authority ISNPAI and its partners will address some of the greatest challenges facing Snowdonia and work together to look 3fter the National Park and the things that make it unique for future generatio￿. Having been heavily Involved in developing the plan, our Director welcomed the new and open way of working and expressed how the Society looks forward to playing our part in the delivery of the Plan, partlcularly through our volunteer and training programmes with young people. With our partners at SNPA, National Trust and the Outdoor Partnership, we put together a response to substantial visitor pressures as the National Park reopened in July 7.020. This work laid the foundatlons for more joined up ways of working, leading to funding from Welsh Government to set up a bigger programme In advance of the 2021 visitor season. Together we invested in recruitlng, managln& equlpping, tralning and supporting volunteers on the Caru Eryrl/Care for Snowdonla scheme, running from April 2021 to the end of the season. Th15 programme involves volunteer teams visiting the key hotspot areas on at least three days each week, providing informatlon and guldance to vlsttors and keeping beautiful places cleared of litter. When restrictlons allowed early in 2021 we began to carefully restart our wider programme of events and volunteer attlvities. Staff have been stretched by our commitment to the Caru Eryri pro8r8mme, but by the end of lune 2021 our wider practical and engagement work was regaining its momentum. The. Sprlng 2n21 edition of the magazine reported on the results of è questionnaire survey of Society members, views. Responses were varied and thought provoking, but clearly indicated the priority they place on both our advocacy and practical conseNation work. Equally important was members, endorsement of our education work and training pro8rammes that alm to bulld the skills and confidence of conservation-minded young people on whom Snowdonia's Mture depends. Lockdown enabled our staff to bulld thelr capaclty to deliver on all these priorities a5 restrictions ease. The pollcy slde of the Soclety's work has been both busy and varied. Progress by Welsh Government on setting up the new National Designated Landscape Partnership has been slow; we have a role to remind government of the commitments it has made to propèrly resouyce deslgnated landscapes.

In January 2021 we responded to Welsh Government's draft new transport strategy. February saw publication by Welsh Government of Future Woles.. The Natlonc71 Plon to 2040, which forms the top tier of the development plan for all of Wales including Snowdonia. Our lobbying through the Alliance for Welsh Designated Landscapes can take sorne of the credit for recognition in the final version of the importance of Natlonal Parks and the role of National Park Authorltles. However, the Plan includes support principle for a 'small modular nuclear reactorf at the site of the former Magnox power station at Trawsfynydd. This proposal lacks definition or as yet any environmental assessment and we will need to keep a watchful eye. In Marth 2021 the Soclety, along with many of our partner organisations, responded to the Welsh Government consultation on the Agriculture IWale51 Bill White Paper. Putting in place a new system of agricultural support after Brexit to create 3 fair and workable system of payments to farmer5 for producing'public goods, will be vital to conserving the special qualities of Sn¢Jwdonia and sustaining livelihoods in the farming communtty here. We worked with our partners to seek to Influen￿ the manlfestos of all the maln polltlcal partles In the lead up to the Senedd elections in May. On Wednesday 30 June the Senedd declared a Nature Emergency and called on Welsh Government to introduce a legally binding requirement to reverse biodiversity loss through statutory targets. As ever, thè devil will be in the detail and success will depend on adequate resourcin& but this was a step in the right direction. We were pleased to hear Mabon ap Gwynfor, Senedd Memberfor DwyFor Meirionnydd refer to our work in his contribution to the debate.. he reason I m tolkiftg specifically obout Cymdeithos Eryri is to show that the octions happening at the moment to sofcguaid nature and blodiversity are reliunton Indlvlduals and smoll ond large chorities on L7 local and nationullevel. There are thousunds of other volunteers doing srmilor workfor other oigonisotions too, of course. But we con't rety on volunteers. They and the charities ond organisutFon5 working in thls areo, such as Cymdeithas Eryri, wont nt7tional guidance, and they wont the Government to act too. The motion passed in tlie Seiiedd a150 instructs We15h Government to legislate to close the environmental govemance gap. Following Brexlt, Wales has ho mechanlsm by which an organisation or individual can challenge a public body which fails to deliver its environmental dutles. On matters like this our Director works closely alongside partners iti Wales Environment Link, Campaign for National Parks, and the Alliance for Welsh Designated Landscapes. Our Director has continued to chair Partt)erlaeth Yr Wyddfa, the Snowdon Partneyship focusèd on addre￿Ing the management challenges in our most rugged and popular mountains. The biggest task has been steering a programme of work to bring about long-term sustainable transport and parkine In this now alarmingly congested area, and to urge the transport authorities to plan boldly and work together effertively on implementation. Other projects developing from this livelv partnership include a feasiblllty study on developlng'Plastic-f ree mountain, status for Snowdon. In July 2020 the Society responded to a consultation ON proposed changes to airspace management around Llanbedr airfleld, now part of Welsh Government's'snowdonia EnterprÈse Zone,. Our concern about the prospect of experimental aircraft testing damagin8 the tranquility in the heart of the Rhlnog mountains wa5 reported in the Spring magazine. To date we have not

heard whetherthe original proposals will he amended before being sybmltted to the Clvil Aviation AuthorSty. There is now renewed uncertainty about whether Wel%h Government will want to constructlon of an environmentally damaging bypas5 at Llanbedr, espeually in light of the recentlv announced moratorlum on now road building. Gwynedd Council has still not en8aged with consultees, including the Society, on preparlng a buslness case on which a final funding decision will dèpend. Our Director continues to keep a watching brief on new plannlng applicatlons and other local consultations. We objected to a proposal at Dyffryn Ardudwy to repla￿ camping Pltche5 Wlth touring c3r3van pitches and were relleved that was refused. We also objected to an inappropriately located propDsal for a 'fallen stock, carcass processing facility near Llanbedr whlch was a150 refused. However, this was overturned on appeal bythe Planning Inspectorate and now has planning permission. We await the outcome of our oblectlon to an application by Snowdonia Pumped Hydro to allow a longer period for the company to commence its environmentally damaging development at Glyn Rhonwy near Llanberis. Other consultatlons included an Ofgem funding scheme to reduce the vlsu81.impart of pylon Ilnes, policy for managing peatland5 end road widening proposats to make the A477 safer as it passes close to Cadair ldr￿. Natural Resources Wales INRWI is consulting on mana8ement plans forforestry on public land in the National Park. We rest)onded to thrÉe such consultations during the year. highlighting among other matters our concern about the invaswe seeding of non-nativo conifers onto open habitats outside plantation boundarles, but also our willingness to help with volunteering work where the Society could contribute to improved habitat management or vlsltor experience. The Society's Action plan has been refreshed and mlled forward another year. It Is available on the Society's website and outlines for members the scope of the Societws current activities and resources. A small task group of staff and trustees will be starting work soon to consider options for the future of Ty Hyll, looklng at how this iconic a55et can best contribute to dellvery of the Societvs d)aritable purposes. There wlll be soundings with Society members next year. Turnin8 to the Societvs governance, four new trustees were appointed at the 2020 AGM and all have already made SLtbstantive contributions to refreshing the Society's outlook and work. Sue Beaumont is to be appointed also as a tmstèÈ of the Campaign for National Parks ICNPI. We wish her wèll in thls Important role, which includes seeking to ensure that the i5sue5 facing natlonal parks in Wales feature strongly in CNP'S campaigning wc>rk. Sadly, you wlll know from an obituary in the Autumn magazine that a cherished former trustee, vlce president and stalwart of the Society, Dr Morag McGrath passed away in July. A5 reported below, the Society's finances remain in reasonable shape. This has been in no small part dije to our staff 's success in se¢urlnE grants and loans from Welsh Government and the Wales Council for Voluntary Action to support our worf( in the context of the pandemlc and help us to emerge Stronger.

Society membership has held steady in the year to 30th June 2021, despite the curtailmènt of so much of the community en8a8ement work and events at which, in a normal year, our staff work energetically to recruit new members. We are hopeful that the comlng year wlll include a full programme of events, volunteering opportunities and traineeships. I know that staff will be doing their utmost, whllst responsibly navigating the changing restrictions, to deliver our activities while keeping themselve5 and our volunteers safe. So, l am optlmistic that the coming year will be one to look back on with prlde- we have a talented team and the reSoUr￿S to release their energy and commitment to makine a difference. The Snowdonia SociÈty will host the national park societies, annual conference In autumn 2022. That will be an opportunity to highlight the work that the Soclety and our partners are dolng, as well as to learn from experience and successes in other natlonal parks. Plannlng Is already under wayl pr.f,%. Julian Pitt Chair, Cymdeithas Eryrl Snowdonia Societv

ANNUAL REPORT OF THE TRUSTEES The Society The Society was formed and flrst registered as a charity Sn 1967. In January 2014 it re-registered with the Charity Commission (registered no 11554011 as a charitable Incorporated Organisation ICIO). The Societls governing document is its constitution. This was last amended in December 2013 and is avallable on the sC￿lety's website. Thè Charitable Object of the Soaety The object of the CIO is to protect ond enhance the beauty and speclal qualities oASnowdonio ond to promote their enjoyment In the interests of all who Ilve in, work In or vlslt the are(7 both now and in thefuture. Our activities cover the whole of the Snowdonia National Park but may extend beyond its boundaries on matters concerning the Societv. Management of the Society The principal decision-maklna body within the Society Is the Executive Commlttee. The member5 of the Executive are the Trustees under tharity law. The appointment of the officers and members of the Executive is governed by the Society's constitutlon. Officers and staff have delegated authority to make day-to4ay decision5 in Ilne wlth agreed policy and to Spend monev within limits specified by the E%ectJtive. Officers and Trusteès at 30th June 2021 Presldent Roger Thomas Vice Presidents Huw Morgan Daniel CVO Kstj, David Firth, Sir Simon Jenklns FSA Chalr Vice chalr Other trustees Julian Pltt Vacant Davld Archer, Sue Beaumont, Richard Brun5trom, Dr Jacob Buis, Bob Lowe, Denis McAteer, Richard Neale, Jane Parry-Evans, Mathew Teasdale. Staff at 30th June 2021 Director Membershlp & Communications Offlcer Engagement Officer Project Manager Con5etvation Officer Conservation Offlcer Accountant Project Officer John Harold Debbie Pritchard Claire Holmes Mary-KateJones Mary Williams Danlel Goodwin Judith Bellis Owen Davies Bankers Independent Examiner HSBC Llandudno Bennett Brooks, Llandudno Changes in Off5cers and Trustees At the AGM in October 2020 Richard Brunstrom, Denis McAteer, Richard Neale and Mathew Teasdale were elected as trustees.

Statement of Public Benefit The Trustees have had regard to Charity Commission guidance In preparing this Statement of Public Benefit. The 'special quallties, of Eryri- broadly aligned wlth the area designated as 5nowdonia National Park- are Identified In the Park Authorltvs plans. The protection and enhancement of these qualities, and the promotion of their enjoyment, are reco8nised as a charitable purpose and regarded as producing a public good. The Soclety exlsts to fulfil its charitable object, above, and therefore provides a clear public benefit. The scope of our charltable activitles for public benefit is reflerted In the Society's Action Plan, available on our website, and exarnples of our charitable activities are identified each year In the ChaSrfs review of the year, above. The Trustees thereforè consider that they are in compliance with the duty in section 4 of the 2006 Charities Act to have due reEard to guidance on public bene*it published by the Commlssion. Flnancial Report We started the financial year with slgnlflcant concerns about how the Covld-19 pandemSc would impact on our work and our financial poswtion. We were concerned that subscription income and donations might both fall, but largely this has not been the case. Income from member subscriptions is higher, reflecting the first full year at the increased subscrlptlon rates. Donations are higher due to a very generous indlvidual dor)atlon and the excellent response by members and supporters to the 'Big Glve, match-funded appeal In April 2021. We received a much-appreciated legacy of £15,000. Some staff costs were recouped from the government furlough scheme when restrictions prevented normal activities from going ahead. The inevitable can￿lIatIOn of ovents during periods of lockdown and associated restrictions has meant that income from these sources has fallen, but we have had a successful year in terms of securing grant fundlng to support and expand our work. As the lead partner in 'Caru Eryri/Care for Snowdonia, we received a grant of £86,733, which had to be spènt In full in less than two months. Some of the other funding we have received is restricted, so that It can only be spent on our practical conservation work, but even after taking Into account the increaso in the value of our restricted funds, we are showing an operatlng surplus. Our investment portfolio ha5 performed well, recovering the losses of the prevlous year. This has contrlbuted to an increase in the total value of our fijnds amounting to £145,643. With an additional member of staff, we are optimistic that we have the resources in placo which will enable u5 to contlnue our work, the importance of which is now being recognised mare than ever. Reserves Policy The Society's policy is to hold suff icient Short~Term Reserves to meet normal expenditure over a 4- 6 month period In readily accessSble accounts. Other reseives ILong-Term Reservesl are invested on the Societtys behaw by investment managers (Rathbonesl to produce the best financial return with1n an acceptable level of risk and according to our instructions on ethlcal inveslment. The Charity needs Long-Term RÉserves in order that it can.. meet the costs of new campaigns or other important opportunities ihat may arise,, protect against unforeseen emergencies, variable income and unexpected neCe￿arY expenditure, in order to provlde a stable basis for fulfillinE the Society's obledlves,.

provide working capital when fLJnding is paid in arrears- acquire new property holdings, should sultable opportunities arise in line with the Charivs objects,. meet contractual obligations Should the charity have to close. The tNJstees currently consider that having a LTR equlvalent to the last two years, expenditure is prudent In order to ensure the Charity can continue its activities. Sn 2021122, this is equivalent to a LTR of at lèast £448,471 Above this LTR fSgure, the LTR rnay be available for meeting the Charity's broad objectives in whatever manner the Trustees decide at the time. The trustees keep under revlew whether the minimum LTR Is set at an approprlate level and also whether to set up any designated funds withln the LTR, should this rlse significantly above two years, turnover. Investment Policy The Societv's Written Investment Policy, tovering reserves, Snvestment and risk Management Is available from the office ot) rèquest. The oble¢tlve of the Long-Term Reserves ILTRI investment portfolio is to produce a return balanced between income and capital growth, using a moderate level of risk, generating a rèturn in excess of inflation over the long-term as a minimum. The Short-Term Reserves ISTRI ère held in current accounts which generate minimal interest but which seek to preserve capital values. Rlsk Managemeb)t Policy The primary risk to the long-teTm stability of the Society, under normal circumstances, has been identified in recent years as the effect of Inflation on the financial reserves. The investments a managed with the object of minimizing this risk. The trustees have resolved to compile a Risk Register during 2021122. Ethlcal Investment The appointment of investment managers expertenced in working wlth charities provided an opportunity to review the Society's policy on ethical investment. A new policy on this matter is now induded in the Societtys full Written Investment Policy. This instructs the Society's investment portfolio manager, Rathbones, to apply'negative screèning, to exclude investment In companles involved in.. Anlmal Exploltation, Human Rights Concerns, Environmental Management Concerns, High Carbon impacts, A8rochen)icals, Mining and Habitat Exploitation. Additionally, the Trustees have informed Rathl)ones of thelr strong preference for'positive screening,, i.e. to Increase the proportion of future investments tl)at are in companies with positive environmental and other ethical benefits. Trustees will keep under review the implementatlon of this policy bv Rathbones and whetherthe new policy can be Improved. Investments/PÈrformance Repoyt At the start of the pandernic, in common with invèstments generally, our investment portfolio was very seriously negatively affected. However there has been a general recovery in its value by the end of the flnancial yearto June 2021. However, the effects of the pandemSc, together with political uncertalnty both In the UK and the world, mean that the portfolio remains vulnerable to signiflcant fluctuation.

Rathbones produce quarterly valuations of the Societ¢s investment portfolio, which intlude reports on changes in the global and UK economic outlook. The Executlve liaises closely with Rathbones about management of the portfolio. Responslbllities of Trustees The Trustees are required by law to prepare financial statements each year which give a true and fair account of the Societ¢s activitie5 durin8 the year and its financial position at the end of it. In preparing these accounts, Trustees are required to select suitable accounting policies and apply them consistently, and to follow applicable accountit)g standards. explaining any departures. They are required to make reasonable and prudent judgements In these matters, to keep accountin8 records which disclose with some accuracy at any time the financial posltlon of the Societyi and to comply with charity law and other legal requirements. They ar@ responsible for safeguarding the assets of the Society and taking reasonable step5 for the pievention and detection of fraud. This report ha5 been prepared In accordance with the accounting policies set out in notes to the accounts attd comply wlth the charity's constitution, the Charities Act 2011 and Accounting 3nd Reporting by Charities- Statement of Recommended Practice I'SORP'I applicable to Lharities preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland issued in October 2019. The draft financial Statements were approved by the Executive Committee on 23rd August 2021 and formally approved by the Independènt Examiner, whose report is overleaf. Julian Pitt Ichairl pr.f,%. Date- 2nd September 2021 JudSth Bellis (Accountant) Oate.. 2nd September 2021

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF THE SNOWDONIA SOCIErY- CYMDEITHAS ERY I report to the trustees on my examinatlon of the accounts of the Trust for the year ended 30 June 2021, which are set out Oll Pages 11 to 19. Respective vesponslbllltles of trustees and examlner The charit¢s trustees are responsible for the preparation of the 3ccounts. The charit￿$ trustee5 considef that an audit is not required lor thi5 year under section 144 of the Charities Act 2011 (the Charities Act) 3nd that an independent examination 15 needed. The charity's gloss income e%￿eded £250,000 and l am qualified to undertake the examination by being a qualified member of the ICAEW. It 15 my responsibility to.. examine Ihe accounts under 5e¢tlon 145 of the CharitÈes Act. to follow the procedures laid down in the General Directions g¢ven by the Charitv Commission under section 14515llbl of the Chaiities Act.. and to state whelher particular matters have come to my attention. Basls of independent examlner'5 report My examination was cairled out in accordance with the General Directions given by the Charitv Comrnissioh. An examination include5 a review of the accounting records kept by the charltv and 3 Eomparfscn of the accounts presented with those recoi(ts. 11 21so includes consideration of any unusual item5 or di%closures in the accounts, and the seeking exp141nallons from you as trustees Concerning any such matters. Th& procedures undertakell do not provide all the evidence that would be required in an audit, and conseque.ntly no opinion is Siven as to whether the accounts give a 'twe and lalr view, and the report is limited to tho%9 matters set out In the statement below. Independent &xamlnerfs ststement In connectlon with my exarnination, no materlal matters have come to my attention whlch glves me cause lo believe that In, any materlal r25pect'. the accounting records wcre not kept In accordance wlth sect¢on 130 of the Charities Act. or the 8ccounts did nol accord with the 8c¢ounting records,. or the accounts did not comply with the applicable ￿quIre.m￿nts toncerning the form and content of 3ccount5 set out in the Charltles (Accounts and Reports) Regulations 2008 other than any requirement that thE accounts give a 'true and fairf VFew which is not a matter consldered as part of an independent examlnations. I have no concerns and have come acr055 no other matters in connection with the examinatiork to which attention should be drawn in this report to enable a proper undeF5tandlng of the accounts to be re3thed. Rel ant professional qualification or kndw. FCA Address.. Bennett Brooks & Co limited 19 Trinlty Square Uandudno IL30 2RD io

CYMDEITHAS ERYRI- SNOWDONIA SOCIETY ACCOUPITS FOR THE YEAR ENDED 30 JUNE 2021 STATf MENT OF FINANCIALAcfiviTIE5 Total lurtds Unrestrlcled f￿d5 Restrlcted lund5 Total funds 2021 2020 la5 restatedl Note Incomlns Yesourcesfromgenerated fund5'. Voluntary Income ActivitiesforEenerdtinE funds Investtnent Income C￿rItable Actlvltles 78,468 3,131 9,346 162,956 78,468 8,388 9.346 226,510 55.176 12.267 10,089 85.319 5,257 63,554 Totsl Incoming resources IGros5 Income) 253,901 68,811 322,712 162,851 Reso¥rces expended Generatitigvoluntsry Income Fundraising tradlng C￿ritable 3ctiwt￿5 Governance 36,IK)8 14,357 184.686 36,008 19,918 203.343 34,806 32,030 122.366 5,561 18,657 Totsl resour￿5 expeNled 235,051 24,218 259.269 189.?.02 Net loutgoingllincomln8resoyrtes 18.850 44,593 63,443 126,3511 Tiansfer between funds IG 15001 Reallsed Ealn5lllossesl Investments 4,993 4,993 17541 Net movement In lunds alter rea115ed 1105sesllgalns 24,343 44,¢￿3 68,436 127.1051 Ufireallsed galnslllos5e51 Investments 77,207 77,207 18,2271 Net mo¥ementln fuMd5foryear 101,550 4,LVJ3 145.643 135,3321 Total funds at l July 2020 452.784 355,￿5 807.789 843,121 Tot31 funds at 30JuDe 2021 554,334 399,098 953.432 807,789 The statement of finanoal octivitie5 Includes all Eains and losses In the year. All Incomlng resources and resourcesexpended derlve from continuiTEg activities. li

CYMOEITHAS ERYRI- SNOWDONIA SOCIETY ACCOUNTS FOR THE YEAR ENDED 30JUNE 2021 BALANCE S14EEt Unrestrl￿ed Fund 2021 Restrieted Fund 2021 Totsl 2021 2020 Note Tanglble fixed assets Eqvipment Heritage Asset Investments 12 12 13 5,942 5,942 285,000 511,905 2,179 285,000 443,038 285,000 511.905 517,847 285,000 802,847 730,217 Current assets Stock5 Llebtors Cash at bank and in hand 3,303 1,455 36,151 3,303 1,455 171.433 3,868 13,301 63.999 135,282 40,909 135,282 176,191 81,168 Credltors: amounts fallln8 due wlthln one yeai Creclltors and accruals 14 4.422 121.184 25,6061 3.5961 Net current a$sets/llabilitles 36,487 114,098 150,585 77,572 Net assets 554,334 399.098 953,432 807,789 Funds Unresirltted funds 15 554.334 452,784 Restrkted funds 15 399,098 355,005 Totsl fvnds 953,432 807,789 Sefvbw2Tr21 and signed on irs behalf bv.. Approved by the Board of Trustees on ........ Julian P Ichairl pr.f,Ib. jane Pa￿-EvanS (Trusteel 12

CYNDEITHAS ERYRI- SèIOWDONIA SOCIETY ACCOUNTS FOR ThE YEAR ENDE030JUNE 2021 NOTESTO THEACCOUNTS asls of I¢¢oUn￿De The linancial stplemenES have been prepared underthe hlstorlcal cost conwenilon wlth Ite￿ recognlsed at wsiortrinsattlon value nles5 Othetwlse 5r3ted in ihe relevant note5 to these account5. The financi315tatements have been prepared in ac£ordance the StatÈment of RÉcommÈnded PratdtÈ.' At£ountlNg and RÈportlng by Chailtles preparIngt￿1r attounts in accordantewlth the Flnanclal Reporiin8Siandavd applIca￿e In the 1SK and Republicof Irela￿d IFRS 1021 tssued on 16July 2014and rhe Flnanclal RepDrtlnE Standard applicable irn the Ljntted ￿ngdoM 8nd Republicof Ireland IF￿ 1021 and the Charitse5 Act 2011. The chariiyconstituies a pvbllcbeneflt erntliy 85 defined by FRS 102. A¢¢out)ilng pollcles The principal accountlng polltl are summar1sed bebw. The accountlng polcles ￿ve been applled ¢onslsteThtty throughout the year alld i￿the preceding year. Heritsgeasseis No depreclation is Charged on the He¥ltage Asset at Ty 51nce Its r￿IdUal value Is consldered to be at teasr eouivalent to Its reval￿e￿ amount. Tan8lble flxed assets Equipmeni Is slated at tost less ac¢umul8ted depreciation. DepyecIat￿)n Is pr(Mthd to wrtte off the cost less estlmated resldual Value offfxed a$5et5 IHieitheirexpecied ￿SefUl IDies. It 15 calculed the LYi8inal costofthea55et5 at thefollowin8 rates. Eg￿lFthent- 33.22% per annurn reducing balance vestmeThts Investments 3re staled al market Yalue as quoted on UK Stock Exthange. RÈalised gains or losses frorn the Sa￿ of investments atwj ullrealised 8ain5 or losses from *evaluln8 them lo c￿rr￿1 market value are Sncluded IJ the Statement Of Flnamclal Acti￿tIes. TheYa￿ daulfied as Fiyed Asseis. Theyare neces5aryforthe safe8uardingoftheSocietls activitle5 over the lon8 teTm. Stock Stockls valued at cost ormarkervalLt& If less, where it IS 51ow-mowfjg, Voluntarylncotne Donationsareittounted forwhen re￿Ived, Legacles are ￿coul)ted for whern rece￿d. Substrlptlons 3reaccountp.d for￿en re￿ived. Life subscrlptlons arc cre(Ntc4 10 Income in theyearof receipi. ift aid 15 reLY)vered dunotrDns and subscrlpiions. where appllcable. CharltabJeActivltle5-GFants Credit For revenue graTrt5 15 taken its the Statement of Flnantlèl AchvIll￿ when the grant Is received or where claimed retr05ppthvetywhenthe purpDse forwhich the graJt wassouEht has been mel and the Èrant lstalculabk. Cost Alloeatltsn Costs are apKxYtloned between various expendtiure headings as nece55ary in accordance with the best e5tirnatÈ5 of the Trustees and staff. Penslon5 The Sodely pays defined conlrtbutiolls Into externallyrnanaged pens￿￿ plan5 for employees who are pligible alld have erntered Into $uch contract5. Contflb￿t70￿5a1eCh3￿ed to the state￿nt of FiTrallcialActwities a5 they fall due.

CYNDEITHAS ER¥AI- 5NOWtK)NIASOCIEtY ACCOUNTS FOR THE YEAR ENOED 30JUNE 2021 NOT￿ TOTHE ACCOUNTS Inct>mlng Resources- Voluntary In¢ome Unre5trkted Restikied Z021 Total 2020 Total tknnations Legacles 18.197 15.000 35.825 9,446 18,197 15,IXXI 35,825 9,446 12.604 29,279 8.293 Gift recovered 78.468 55,176 Incomlne R¢swrces- ktlvtllps for Generalln8 Funds Unrestrkied Restiltted 2021 Total 2020 Total Sales atTy Hyll Tea Room RÈnl Ty Hyll rfonatl0￿5 1,686 3,31)0 271 2,406 3,3(K) 271 2,365 75 2.010 3,375 2,365 13 753 Soc131 Activit￿$ Other income 753 3,131 5,257 8.388 12,267 In¢oMln8 Resourtes- In¥estment IrLcorrEe Unrestrlcted Restrkted zozi Total 2020 Total OlYldeTrds- UK o4UitIts Interesl-cash dep05ilS 9,338 9,338 10.035 54 9,346 9,346 10,089 14

CYNDEITHAS ERYRI- 5NOWDONIA 50CIET¥ ACCOUNTS FOA TrIE YEAR ENDED 80JUNE 2021 NOTES TOTHE ACCOUNTS In¢omlng Resources. Charltable Actlvtties During theyettrthe 5o¢lety ￿￿5Ved graThts fiom Welsh Courcil forVolunt•ry Artlon wlth regard toThlrd Secror Reslllence Fund. In luly 2020, Ihey received £48.750grant. llter In theyear the Sodety re£eived a second grant of É63,554 frotn the Third Sector Resilience Fund 2. A furthergraTrt of Eg6,733 WÈS ￿te1ved from Welsh Government, for Corfd Volunteerin8 Recoverywhich was completefyspent In the year. F￿rther grant5 oIE15.131were recel¥ed from snowd0￿￿￿ N3tion31 ParkAuthorlty, EL264 from Menter Mon and E12,OQXJ from Natural Resour￿ Wales- ofthese £9.232 ￿e￿ted to a debtor al30JU￿£ 2020. DurlnÉ iheye?rlhe Society received £8.310fromthe Governmeht'sCoronavlrusJob Retenllon khemelyear ended 30June 2020- É9,5691. Thetwal Erant inwme recogn15ed In theSoFAwas £226,510, of whlch É62.554 ts restricted. Resources expended- GeThat1￿￿1Untary1nrnme Imalntfnance of membershlpl 2020 las resttedl Total Unrestrlcted RestrlLted 2021 Total Staff tlme- 3szllocaied Advertisin& Webslie & Masazine costs Guverndnce & supwri costs 8lkncated 22,010 6.CK)2 7,￿6 21010 6.￿2 7.996 21.541 3,742 9,523 36,1)08 36,008 34.806 In the yearended 30June 2021.the costs ofthe mè8a2lnpwpJe full¥311ocated tothe maintenallce of mernbershipdue tTrthe impact of Covid-19 on distllbulk)n. In thEyear ended 30June 2020, Ihe costs of the magazine havt bten splh 50%to tht maintenance of eM￿rshIp and 50% tochatftable ?aMtles. Resources expended- FurvJra151ng 2020 las re5tatedl Total restrlcled Re5trlcted 2021 Totsl $13ff IKne- B5 alEIK&ted Trading & expenses at Ty Hyll Project &event expense5 otherexpense5 Goveinance & supwrt C05t5 alknted 8,967 8.967 5,561 806 1,542 3,042 10.892 9.880 5.534 L15 4,765 5.561 806 1.542 3.042 14,357 5.561 19.918 3LD30 Resour¢es expended. Charltable actlvltles 2020 las restated) Tolal UTrrestritted Restrlcted 2L121 Total Stafl tlme- as auocated Pr¢Ject5 Ilncludingvolunteer Expen5e5 AdVÈrt1sl￿ Webslie & Maga21ne cosr5 GOVer￿ntr & support costs allocated 90,826 35,258 18,252 40,350 90.826 53.915 18.252 40,350 77,292 6,196 3.383 35,495 18.657 184,686 18,657 203,343 122,366 15

CYND£ITHA5 E(IVRI- SNOWDONIASOCIETY ACCOUNTS FOR THE YEAR ENDED 30JUWE 2021 NOTESTOTHE ACCOUNrs 10. Pesrurces expended- GovÈmance 2020 las restaiedl Total Unrestrlcted Restrltted 20ZI Total Stafl Ilme- as £llocated Afflllaliors Bank tharges Caban tharBes Ilndudingtelephonel Cornputersoft￿re Ind consL¥nablÈs Independent examinersfee Insuttn Legal & Profess6onal fees PortFolN? Managemeni fees Postage, printingand siatlonery Service5- Payroll andtranslallon 12,595 1,716 1.121 14.810 5,740 1,850 1.082 IL595 1,715 1,121 14.810 5,740 1,850 1.082 16,L44 2,136 I,(b5 13.394 2.154 1.740 962 148 4,236 2,321 1.125 4.466 k.97k 2.249 4.466 1.971 2.249 Travelling TrL15tees expense5 Mlscdl8neou5 IlncluilinBAGM expenses) DepreC￿t￿n Allocatedto othercosts 23 23 71 528 3,166 15L3881 655 1,661 963 1,089 149.7831 528 3.166 151.3881 Governance c95t5 h3ve been split b&ween Charttable ACt¥vil￿s. raisin8Volunlary Income and fundralslw as requlred by SORP102 on a tirne Spent basis. IJ. Stalf cost5 2011 2020 staff costswereas follows.. Wages &£alarles 50¢ial S¥urlly PeMslon5 122.923 4,4ÈL 6,994 134.398 114,649 4,875 6,346 125.870 The average numberof employees by functlon was EnvlronmeT)t31 Acti¥iiiES ManagemeNt &Admlnistration Noemployee re￿1Ve￿ emoluments of more than EEO.(XK). 16

CYNDEITHAS ERYRI- SNOWDONIA SOCIETY ACCOUNTS FOR THE YEAR ENDED303UNE 2021 NOTEgTOThEACCOUMTS 12. TanB1b￿NxÈd assets Herkage A55et- Freehold Land & Bulldlng5 Eqtslpment Total C05tlValuatlon At l July 2020 Ad(%lions At 30Jufft 2021 285.wo 7,039 6.929 292,039 6.929 298,968 285.LKJO Depredatlon At l truly 2020 cha￿ forthe perlod At 8OJune 2021 4,860 3,166 8,026 3.166 8.026 et bookvalue AI 30June 2021 285.IXXJ 5,942 I￿,942 30Jvne 2020 285,OUO 179 287.179 IfTy Hyll had not been revalued It would have been IndLNJed at the followSnshlstorlcal cost.. 2021 2020 Cost 51336 Tr Hyll ￿$valued on an open marketbaslson 18Juty 2fY)8 by Iwan M Wlli8m5 MRICS..FNAfA 13. Investm¢nt$ zoii 2020 Llsted I￿￿￿entS At I july 2020 AdditKtrns at cosi tk5ptssals atvaluatlon 443,038 23,468 31,803 434,698 456,438 98,498 1103.671 451,265 Rev21uatbn surplu511delklrl In year 77.207 18.2271 At 30 June 2021 511,Y05 443,lJ38 Cost at balance sheet date 414,769 422,552 The S(xlÈtyis not subje£r 10 re5tiidions on wider-rlnge Investments. lfflvestrnent5 worrh mgrE than 5% of the total PDrifdlovalue 3re 8sfollow5 No of sharÈs Value JP Morgdn AM UK Llmlted TBailey Fund Mgrs Evenlode Income C Inc Threadneedle InvÈstmeJTrts UK Equliy l•come Capita Financial Managers Trojan Incorne Flndlay PaÈ* PlcAmeri(an Furnd Ufthgd 6,￿0 13.160 19.480 14,160 375 26,986 31,615 28,955 26,540 34,035 The cÈsh at banka￿1n hand Includes £41,660 held by the I1vestme￿t Managers foT future lTrve5ttnent. 17

TrIDEITHAS ERYRI- sNOW￿NIA50CIETy ACCOUIITS FOR THE YEAR ENDED 30JUNE 2021 NQTES TOTHE ACCOUNTS 14. Current Uabilltles- ¢redltorsaTrd actruals 2021 20ZO Trade credltors other creditors Accruals & deferred Income 67 22,268 3,271 3,596 25,606 Diring ihe year thesociety re¢elved 2 loans from Welsh Coumcll forv01￿ntary Action. They re￿iVed £16.2501n Ociober2020vJhich was repatd injune 2021. A furiher £21,185was recewed in March 2021 which Is Induded in other creditors. 15. RÈtonCll￿dOnof movernent In So¢letls Funds 2021 Movement Unrestrlcted Restrlcted 2021 Total Net in¢omlngJlour8oln81 resourcesftyrthe year 18,850 44,593 63,443 Reallsed £aills/llosse51 on Investments 4￿3 4.993 Unre31ised galnsil105se51 on inve5tment5 77,207 77,207 Net additionllreductlonl lo Socieivs funds Inyear 101,050 44,593 145.643 Tran5fer5 between funds 5(¥J 15Crf)I 101,550 44,L193 145,643 B31awe broutht forward 452.784 355.005 807.789 BalanEe carrled f¢Nard 554.334 399,098 953,432 2010 Movement UnrÉstritted Restrlcted Toial Nei lncornin￿lo￿lEol￿g1 re5our¢e5 fur theyear I38,5￿) 12.158 RÈallsed gains111055E51 un l*vestment5 17541 17541 Unre?Ilsed 83inslllossesl on Investrnellts 16.2271 18,2271 Net addltlonllre(hJttionl to So¢ietVs funds in year 147,49DI 12,158 135,3321 Transfers belween fund5 5.000 15.(ml 1414901 7,158 135,3311 8alance iwought forvrdrd 495,274 347,847 843,121 BaSance carried forward 452.784 807,789 18

CYNDEITHAS ERYRI- SNOWDONIA50CIEry ACCOUNTS FOR TrIE YEAR ENDED ao IUNE 2021 NOTESTOTHE ACCOUNTS 16. Transfers between funds UrYestrl¢ted Re5trkted 2021 MADWeekend 5QK> 15(hJ 5LVJ £500 wastransfÈrrÈd from the re5rrlcted fund forthe MADweek2ndfor admi￿￿trat￿ cost5 Issociatedsvith It In theyear. 17. Related Partyyrdnsacttvns The Trustees and persons connected wlththem have rerelved no remunÈr3tlon orany other benelts fiom the Soclety. DurfngtheyearonE tru51ee recelved retmbursement of expenses foitravel in thelr role as inEStee. Ihls amounted to £71. 18. Contra¢Nal Commltments Dependeni UPOD ernployee5' chol￿, thesoclety wll coffltribute to IndI￿d￿al pe￿50n plans. The Sockty5 annual ¢Dmfnitment would ta 6% of the gross Stlaryof the partlcipatirng ￿p10YeeS. 19