CYMFED (A Company Limited by Guarantee) Registered Charity Commission Number; 1158109 Registered Company Number: 7970334 UNAUDITED DIRECTORS. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 CYMFED IA Company Limited by Guarantee) Re8lStered number; 7970334 COMPANY INFORMATION Oirectors Rev P I Smith Mrs S Satchell Drj O Trewby M5 E L Biggins MrA Clare Mr A Wdowiak Ms SA Motha Mr J Toryu5en Ms Elizabeth Wakeling M5 jessica Wilkinson Company Secretary Mr P I P Oevine Company number 7970334 Charity number 1158109 Registered office 39 Eccleston Square London SWIV 18X CYMFED IA Company Limited by Guarantee) Registered number.. 7970334 CONTENTS Page Directors, Report Statement of Financial Attivities Statement of Financial Position Notes to the Financial Statements Statement of Cash Flow5 Detailed Profit and Loss Account and Summaries CYMFED {A Company Limited by Guarantee) Registered number.. 7970334 DIREcfoRS' REPORT FOR THE YEAR ENDED 310ECEMBER 2023 The directors present their report and the fin3nci81 statements for the year ended 31 December 2023. Principal 3rtivitie5 Per the Memorandum and Articles of Association, the objects of the cornpany are to advance the Roman Catholic Religion by training people in Christian youth fflinistry and by supporting young people in Christian living fellowship and service. Director5 The directors who served during the year were.. M5 S Satchell Rev P I Smith Rev D N Howarth (resigned 07111123 Rev S Gore (resigned 071111231 Dr l O Trewby Mr l L K Regan (resigned 071111231 Ms E L Biggins Mr A M Clare Mr A Wdowiak MsSAAMotha Mr J Toryusen lappointed 071111231 Ms Elizabeth Wakeling lappointed 071111231 Ms jessica Wilkinson lappointed 07/11/231 In preparing this report, the directors have taken advantage of the sm311 companies, exemptions provided by section 415A of the Companies Act 2006. This report was approved by the board on July 17, 2024, and signed on its behalf. Rev P J Smlth Director Page I CYMFED IA Company Limited by Guarantee) Registered number.. 7970334 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 310ECEMBER 2023 2023 2022 Note TURNOVER 146,785 181,195 Charitable Expenditure 1175,3961 195,8111 Administrative expenses 143,8891 112,5001 OPERATING SURPLUS/IDEFICIT) 172,5101 72,884 Interest receivable 3nd similar income IDEFICITIISURPLUS ON ORDINARY AcfiviTIES BEFORE TAXATION Tax on Profit on ordinary a£tivitie5 172,5101 72,884 {DEFICIT)ISURPLUS FOR THE FINANCIAL PERIOD 172,510 72,884 The notes on page 4-5 form part of these financial statements. Page 2 CYMFED {A Company Limited by Guarantee) Registered number: 7970334 STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 2023 2022 Note CURRENT ASSETS Cash at bank DEBTOR5 114,061 1,861 115,922 218,970 363 219,333 CREDITORS.. amounts falling due within one year NET CURRENT ASSETS NEf ASSETS 1 1,095 131.9961 114.826 114,826 187,337 187,337 CAPITAL AND RESERVES Profit and loss account 114,826 114,826 187.337 187.337 The directors consider that the company is entitled to exemption from the requirement to have an audit under the provision5 of section 477 of the Companies Act 20061"the Act") and mernbers have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying Wlth the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2017 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Art and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far a5 applicable to the companv. The financial statements have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Art 2006 and in accordance with the Financial Reporting Standard for Smaller Entities leffective April 20081. The financial statements were approved and authorised for issue by the board and were signed on its behalf on July 17th, 2024. Rev P J Smith Director The notes on pages 4-5 form part of these financial statements. Page 3 CYMFED {A Company Limited by Guarantee) Registered number.. 7970334 NOTESTO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 DECEMBER 2023 ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The Financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 20081. 1.2 Turnover Turnover comprise5 revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts. 2. TURNOVER Turnover comprises membership fees, conference receipts and other receipts from the company's continuing oper3tions are accounted for on an accruals basis. 3. OPERATING SURPLUSIIDEFICITI During the year, no director received any emoluments12022-£NILI 4. TAXATION 5. CREDITORS: Amounts falling due within one year 2023 2022 Other creditors 1,861 31.996 6. DEBTORS.. Amounts falling due within one year 2023 2021 Other debtors 1,095 363 7. COMPANY STATUS The company is a private company limited by guarantee and consequently does not have share capital. Page 4 CYMFED IA Company Limited by Guarantee) Registered number: 7970334 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 8. CHARITABLE TRUSTEES Ms S Satchell Rev P J Smith Dr l O Trewby Ms E L Biggins Mr A M Clare Mr A Wdowiak MsSAAMotha Mr l Toryusen Ms E Wakeling Ms Jessica Wilkinson 9. RESERVES Profit and loss account At l January 2023 Profit/lDeficitl for the financial year At 31 December 2023 187,337 172,5101 114,826 Page 5 CYMFEO {A Company Limited by Guarantee) Registered number: 7970334 STATEMENT OF CASH FLOWS FOR THE PERIOD ENDED 31 DECEMBER 2023 2023 2022 Net IDeficitl I Income for the Year 72,884 172,5101 {IncreasellDetrease in Debtors 11,4981 1,137 IncreasellDecreasel in Creditors {30,9011 31.757 1104,9091 105,778 Net Funds at December 31" 2022, 218,970 113.192 Net Funds on December 31" 2022. 114,061 218,970 Page 6 CYMFED {A Company Limited by Guarantee) Registered number: 7970334 DETAILED TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Page TURNOVER Charitable Expenditure Administration expense5 OPERATING 5URPLUSIIDEFICITI {DEFICIT)ISURPLUS FOR THE PERIOD 146,785 1175,3961 181,195 1958111 172,510) 72,884 Page 7 CYMFED IA Company Limited by Guarantee) Registered number: 7970334 SCHEDULE TO THE DETAILED ACCOUNT5 FOR THE PERIOD ENDED 31 DECEMBER 2023 2023 TURNOVER Flame Congress 2023 Flame Congress 2025 Membership Fee Faith in Action Conferences Grants Received (Restricted Funds) Donations received - Flatne Donations received - Other 82,150 10,000 16,768 6,967 900 30,000 146,785 2023 CHARITABLE EXPENDITURE Flame Congress 2023 Flame Congre55 2025 CYMFed Conference Faith in Action World Youth Day 167,521 1,417 4,353 905 175 396 2023 ADMINISTRATION EXPENSES Travel Costs CYMFed Administration CYMFed General Expenses CYMFed Staff Costs Insurance Maintenance 695 1,205 645 40,133 671 550 43,899 P3ge 8