Nonvegian Church Cardiff Bay
Charity Number 1195926
Annual Report & Financial Ststements
For the perfod Ended 31 MARCH 2025

Report of the trustees linduding strategic report) for the year ending 31 Mar¢h 2025
Chair's report
The trustees are pleased to presenttheir 3nnual trusteeg repDrt together wfch the financral
statements of the charlty for the year ending 31 March 2025 which are also prepared to meet the
requirements fr>r a trustees, report and accounts for Companies Art purp05e5.
The fi.nancial statements comply wtth the Charities Act 2011, the Companies Act 2006.
the Memorandum and Articles of Association, and Accounting and Reporknng by
Charities.. Statement of Recommended Practice applicable to charitie5 preparing their
accounts in accordance with the Finanaal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021.

Members of the Board and Professional Advisors
Members olthe Board
Dr. Marhn Rees-Price IChair>
Mr. Cato Syver5en
Mr. Mike Parkinson
Registered AddrÈss
Norwegian Church Centre
Harbour Drive
Cardiff
CFIO 4PA
Telephone
029 2049 2261
Email
hair@norwegianchurchtardtff.com
Website
www.norwe
ianchufthca
Legal Advisofs
Geldards
4 Capital Quarter
Tyndall Street
Cardiff
CFIO 4BZ
Bank
Barclays 8ank
I Churchill Place
London
E145HP

Norweglan Church Cardiff Bry
Trustees Annual Rewrt April 1°, 2024. to 31 March 2025.
The Norwegian Church Cardiff Bay INCCBI was registEred in 2021 as the successor charity to the
Norwegsan Church Preserwdtion Trust. The primary purpose of the NCCB is the physical preservation
of the Norwegsan Church, first built in 1868 to support the Norwegian community in Cardiff.
The Tattonale for establishing the NCCB in 2021 was to bring the (hurch back into community control
nd estsblish the Church as a community. herrtage, arts and education centre a5 well as a venue in
which to celebrate the long-standing famsly, c(Eltur31 and educ3tionèl links between South Wales and
Norway. The NCCB is a ￿gIstered as a CharFtable Incorporated Organisation Ichar¥ty number
11959261 and has a wholly owned trading company- Norwegian (hurch Cardiff Bay Trading knmited
registered w￿h Companies House lregistrats.on number 139049061. The Church opened to the public
in April 2022 so the linancial year ending 31 March 2025 marks ourthird full year of operation.
The main achievements of the year were the continued success of our heritage work Isupported by
three-year grant from the National Lottery Heritage Fund), the use of ourfacilities by local
communÈty groups. the continued development of the Church as a niche music vent5e, our hosting of
exhibitions by local chartties and the increased use of our meeting rooms for public and private
events. Much of our heritage work is now available thrtsugh open-source archives and through our
web site. An exarnple of this work 15 a digital version of our exhibition"A people's story of Cardiff
Docks" htt
eniall
.com
67c2tif33eftJa260422993a3
interattsv
-content-&
eo
Sto
-of-cardtff-ba
We continue to invest in the produthon of online herttage materials arkd in the
development of our web site as 3 reliable resource for schools. colleges and the general public.
During the year, we 2150 obtained a grantfrom the Welsh Government to repair and paint the
exterior of the Church.
We continue to maintsin and develop strong links with the local business communFty through our
membership of the Waterfront Partnership, local history groups. schools and the acaderrhic
ommunity through our herttage work and with Cardiff Counal from whom we lease the land on
which the Church stands. The lease 15 due for renewBI in April 2027, and we have obtained
Èssurances that the le3se will be renewed for a further 25 years in April 2026. Ensuring an on*oipg
long-term lease is essential not just for the preservation of the Chur(h but for securing grants from
some potential donors.
We appointed tr40 additional trustees during the year. One is a chartered accountant, the other a
dÉgital marketing expert whith provide5 the Board and mat7agement with acce55 to specialist
expertise. Financially, we Increased our turnover in the financial year wtth our trad(ng cornpany
making a small proftL but overall. we contiftued to make a loss. As a result of this, and after the
period covered by this report, we initiated 3 fÈStructuring of the staff, losing one senior full-time
management post and creaung a slTrgle leadeiship rDle of Commercial Managtr. In addition to these
cost cutting measures. we have increased our focus on income generating activities Such as
hosting private parties, communtty events such as our now very popular"Reggae Dav and
wedding5. We recently obtained a licenceto FK)Id weddings at the Church and with this re-focu5 we
should generate stronger and more predictable income streams. As eviden￿ of this we have begun
to develop repeat bookings for half-day and fu114ay events and our~booV' going ft>rward look5
strong. Specialist 5tBff from Creditsafe- a large Norwegian global busine55 based in the Bay- have
worked wÉth us to develop our website in p3rticular rtrworking conterÉt to help achieve"search
enEine optiTniS8tion- and the berkefrts of this work are beglnnlr*B to Show In Increased bookings and
booking enquiries.

Our café remains a tx)pular destination in particular durirÈg the wamier weather and during school
holidays. The increasing use of our exhibition space and room bookings also boosts use of our café
and kitchen resources. Hawng our ¢)wn café and krtchen Isub-contracted to Cardiff Caterer51 enables
us to Provide a wide menu to service commercial booknngs, parties, weddiEW as well as our café
customers.
We are confident that we have now18id the foundations for the Norwegian Church Cardrff Bay to
flourish both a5 3 financially viable business and Successful communsty-oriented charity-

ststements of FinanclaS Actlvities
Income and expendFture account
t￿￿es￿lrted Fwd5 1*strir￿ Furx15 Total Tthl Funds 2024
CLYn• and
other revenue
37017
Room hire
11248
11248
3942
Grant recewed
737
62737
38361
Donations
1089
Totrl Incorno
3Q937
62737
83674
79320
Expendltwe o*):
Raisin8funds
i7￿)
414
1295
4211
Charitsble a¢twitie5 and administration
3639)
s￿10
81720
Establishment costs
30416
14133
44549
24933
Total expenditwe
68525
63729
132254
110864
Net gainslllossesl on investTr*nts
Net ir￿me/[e￿￿en￿UleI
47588
-992
48579
.315
Transfeys bet￿en
Other r8¢cfni5gd B•1￿1{1￿}.'
Depreckition
830
829
Totsl itrKomellewendibJrel
-Y2573
RecorKiSlationoflunds:
Totsl funds broughtforward
-13265
-16127
16246
Tottl fuMtsr•niedforward
-61684
.3854
-65536
-16126

Balance Sheet
)25
X124
FIXED ASSErs
Tangiblè assets
2,391
3.221
Total Fixed awts 5
2.391
3,221
CURREMFASSEfS
Debtors 6
9,268
Cash at bank and in hand
13.834
29,078
Accured Income
s.￿4
15.352
VAT
Prepayments
Total Current Ass•ts
29.026
CURRE￿ LIABILifiES
TTade creditOTs8
10.857
26.498
Funds held in trust
25.464
Accruals and deferred income
25.122
3.597
VAT
2,419
-2,959
Totsl Current knabilthes
63.862
30516
Loan
33.091
39.315
NET Assgfs ILIABILMES)
-65536
The Fund5 ofthe chartiy
Restrirted incorne Funds
Unrestricted income funds
-61583
-13263
TOTAL CHARITY FUNDS
-65.536
-16.126

Lknr2strirted
Restri¢ted
2025
2024
other Rev2nue
Room Hire
11.248
3710
Total
40.710
Gram RecefN*d
Architectur81 HeritaEe Fund
Lottery Grant
15352
hJd416wytrt
National Heritage
49737
WCVA
TLIt41
62.737
38,361
Donatlons
Just Giwng
Small donations
9.61
io
1,079
239
Total
249
Total I￿oETr￿
20,937
62,757
40,959
38.361
Nots5totra accaunts Icorrtinuodl
v•strid•d Resit¥Ltsd
2025
Z025
2Q24
2024
Resourtes ewet¥Jed
Raisi
Advertising
Digi£al collection plate
ank Fee5JustGiving
Visual interpretation
1484.19
2C62
2989
45
150
.￿20
1820
Total
414
2?92
Charits￿e aLl1¥ths and athhlnlstmlon
Sèlèries and staff Costs
19.941
47811
31,694
)962
Travpl and sub&stence
773
1713
Hotel
470
Motor expen5e5
14.51
32
PrinUn& po#age, and stationery
Telephone
27
no
23
staff training
Legal Fees
Cansulting
592
2385

Loan Interest
1995.61
ankcharges
Insurance
102
103
4,5
833
4386
Sub5CriPtions
Gener81 expens￿ and sundrie5
Totsl
2159_4
1938
3.279
35
2741
36.39Y
42,314
36.818
Estabbshment Casts
Lightand heat
Repair5 and malntenance
9,501
19,171
5542
.741
555
99
Cleaning
Rates
578
565
11.674
8656
Tot&1
3Q,416
14,133
24934
Otherrec
nised
Depreciation
830
Totsl
830
Total ￿pe*
69355
70,470
41226
NBtirKoYnellexpendituveforthe year)
This15 Stated after chargins
2024
Depreclatk>n
830
Accountancy servlos
583
Total
L530
1,413
Esto th4 accounts lu)rrtsnu•dl
TangilAefixed a&%@ts-Charlty
Plant 4rvJ M•thtMry
Totsl
As at l April 2024
A&lr(ions
4,149
4,149
As at 31 March 2025
4.149
4,149

A5 at I ￿ri1 2024
929
929
Charze forihe year
830
830
As at 31 March 2025
1759
175g
NEt book valuo
at 31 March 2025
2,3*)
As at 31 March 2024
3,220
Dèbtors
2024
Debtors
9.268
6,054
Prepayments
Accrued Income
5.924
15352
VAT
Tot
15.192
2L4)6
Cash atbAnk and in hand
2024
Current account
29,078
Petty Cash
TDtal
29.078
creditors: ami)untsfallln8 the withwt I￿r
Trade Creditors
10,857
26,498
Funds held in trust
25.464
Income in advance
14.163
AccNals
10.959
2.897
VAT
2.419
63,862
-2.*9
Totsl
50,516
Crèditcrs: JmOuntsPd￿nE thFoafterl year
2024
Trade Creditors
33.(Bl
39.315
83.091
39.315

I CHARITY COMMISSION
| FOR ENGLAND AND WALES
Independent examinerfs report on the
accounts
Section A
Independent Examinerfs Report
Report to the trusteesl
members of
Nojwegian Church Cardiff Bay
On accounts tor the year
ended
31 March 2025
Chartty no
(rf any)
1195926
SÈt out on pages
I report to the trustees on my examination of the accounts of the above
charity {"the Trusf) for the year ended 3110312025.
Responsibilities and
basis of report
As the Charit￿S trustees. you are responsible for the preparation of the
accounts in accordance wtth the requirements of the Charities Act 2011
(￿he Acr)
I report in respect of my examination of the Trusys accounts carried out
under section 145 of the 2011 Act and in ￿rryIng out my examination, I
have followed all the applicable Directions given by the Charity Commission
under sectton 145{5)(b} of the Act.
Independent I have completed my examinab"on. I confirn that no m*erial matters have
examiner's statement come to my attention in connection wth the examination which gives me
cause to believe that in. any material respect..
the accounting records wefe not kept in accordance with section 130
of the Charities ACL or
the accounts did not accord with the amnkn'ng records., or
Ihe accounts did not comply with the applicable requirements
concerning the foffn and content of accounts set out in the Charities
(Accounts and Rewttsl Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is rjot a matter
considered as part of an irtdependenl examination.
I have no concerns and have come across no other matters in connection
wth the examination to thich attention should be drawn in this report in
L¥der to enable a proper ￿nd￿standIng of the accounts to be reached.
Signed:
2710112028
Name:
MIKE TANN
Relevant professional
qualificationls) or body:
ACCA
Address:
Uewellyns Chartered Ce￿fied A￿ntants, Brc#)k House, Brook Road,
Cardiff CF14 1DU
IER
Oct 2018