## Waleswide Cymrugyfan
## Annual Report and Accounts
2025
Page 1 of 11
|Index|Page|
|---|---|
|Charity information|3|
|Report of the trustees|4|
|Independent examiner’s report|7|
|Statement of financial activities|8|
|Balance sheet|9|
|Notes to the accounts|10|
Page 2 of 11
|Charity name|Waleswide Cymrugyfan|
|---|---|
|Charity registration number|1209252|
|Registered address|Ysgubor Tanyfedw, Cray, Brecon, LD3 8RA|
|Trustees|David Dry|
||Nigel James|
||Meirion Morris|
||Andrew Ollerton|
||Marc Owen (until 22ndApril 2026)|
||Paul Smethurst|
|Chairman|Meirion Morris (until 17thApril 2026)|
||Nigel James (from 17thApril 2026)|
|Secretary|David Dry|
|Acting treasurer|David Dry|
|Independent examiners|C Management Services|
|Bankers|The Co-operative Bank plc|
|Financial period|23 July 2024 – 31 December 2025|
3
## Report of the trustees
## **Formation**
Waleswide Cymrugyfan was founded in 2005 by David Ollerton with the support of a broad network of evangelical Christian leaders from all parts of Wales. Its purpose was, and is, to promote the planting and transformation of churches in Wales.
Waleswide Cymrugyfan was established as a trust on 21 February 2006 and registered with the Charity Commission. In 2024 the trustees decided to establish a Charitable Incorporated Organisation, with the same objectives, to take over the work of the trust. The CIO was registered with the Charity Commission on 23 July 2024.
This report covers the period 23 July 2024 to 31 December 2025. However, the trust continued to operate until 31 December 2024, when the work and all assets were transferred to the CIO. The following financial statements therefore reflect 12 months of actual operation of the CIO.
## **Structure and management**
Waleswide Cymrugyfan currently achieves its objectives through two main projects. These are the Derwen Project and Cant i Gymru (100 for Wales).
The Derwen Project trains and mentors a group of Christians in pioneering leadership for Wales. The project has been running from September to July each year since 2020 and currently has 40 people in training. These are mainly younger people and many are Welsh speakers.
The Derwen Project is managed by a team of leaders which includes two of the trustees. An operational lead and an administrator are paid by the CIO for hours worked on the project.
Cant i Gymru (100 for Wales) is a new initiative aiming to see 100 healthy churches planted in Wales in a ten-year period. The work includes encouraging prayer; inspiring people with the vision; equipping church planters; partnering with local churches to send planters out; and supporting people planting churches.
4
Cant i Gymru is managed by a leadership team with support from the trustees. The team acts on a voluntary basis but four part-time workers are currently employed to implement various parts of the vision. It is anticipated that, in 2026, one member of the team will become a trustee.
The management structure of the CIO is currently under review.
The trustees are seeking to enhance their diversity by recruiting younger people and including females amongst their number. New trustees are primarily recruited from people known to existing trustees. A period of discussion and familiarisation is adopted before any new trustees are appointed.
## **Activities**
In 2025 the objective of the Derwen Project was to develop a two-stage programme in order to cater separately for those just thinking about a call to pioneering Christian work and those already engaged in it. This work was completed and both stages of the new programme commenced in September 2025.
The objective of Cant i Gymru was to promote the vision and to begin establishing the structures to implement it over the coming years. An event was held on the Royal Welsh Showground on 1[st] March 2025 to primarily to encourage prayer and inspire people about the work. Approximately 800 adults and 100 children attended this event, which was very well received. Other events were also held to support people planting churches and for prayer.
The public benefit for all of these activities results from the starting of new churches in areas where provision is currently limited or non-existent in order to provide access to Christian fellowship and worship services for those who do not currently have easy access to them.
## **Financial review**
The following financial statements show that the income for the year of £104,628 was sufficient to cover the expenditure of £95,688 with a small surplus. The balance of funds at the end of 2025 was £73,960 and there were no debts outstanding.
5
The trustees have agreed a reserves policy which requires three months expenditure to be held in reserve. This currently amounts to a reserve of £41,250.
In addition to this:
- the trustees have identified a shortfall of £18,389 in the anticipated funding of the current season of the Derwen Project, and
- the Cant i Gymru team has identified a need for additional staff at a cost of £16,482pa
- the trustees are also considering the appointment of a member of staff to carry out the operational work currently being done voluntarily by one of the trustees, who is due to retire.
The above leads to a shortfall in funding and the trustees will focus on raising these funds in the coming year.
The CIO does not hold any funds as a custodian trustee.
This report was approved by the trustees on 18[th] May 2026 and signed on their behalf by Nigel James
## Signed: Nigel James
6
## **INDEPENDENT EXAMINERS REPORT**
## **TO THE TRUSTEES OF**
## **WALESWIDE CYMRUGYFAN**
I report on the accounts of the Trust for the period ended 31[st] December 2025, which are set out on pages 9 to 12.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act or
- the accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Paul Burnell
Paul Burnell ACMI Date: 18[th] May 2026
For and on behalf of:
C Management Services (trading name of C Mgmnt Services Ltd) 69 Velindre Road, Cardiff CF14 2TF
7
## **WALESWIDE CYMRUGYFAN**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE PERIOD ENDED 31[st] DECEMBER 2025**
|Note
**RECEIPTS**
_Receipts from generated funds_
2
_Receipts from charitable activities_
3
_Other receipts_
4
Interest received
Total Receipts
**PAYMENTS**
Charitable activities
5
Governance costs
Total payments
**Net Receipts/(Payments)**
Transferred from previous Trust
Transfers between funds
Fund balances at 23rd July 2024
Fund balances at 31st December 2025|Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2025
£
5,320
51,140
56,460
12,926
15,794
28,720
120
19,328
19,448
-
-
-|
|---|---|
||18,366
86,262
104,628|
||25,958
69,730
95,688
-
-
-|
||25,958
69,730
95,688|
||(7,592)
16,532
8,940
26,320
(1,812)
38,700
1,812
65,020
-
-
-|
||16,916
57,044
73,960|
The notes on pages 10-11 form part of these accounts.
8
## **WALESWIDE CYMRUGYFAN**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE PERIOD ENDED 31[ST] DECEMBER 2025**
## **1. Fixed Assets**
|**1.**|**Fixed Assets**||
|---|---|---|
|||Insurance|
|||Value 2025|
|||£|
||The value of assets owned are:||
||Equipment|8,016|
||Stock|3,358|
|||11,374|
|**2.**|**Bank & Cash Balances**||
|||2025|
|||£|
||Cash at bank – Waleswide|16,916|
||Cash at bank – Cant I Gymru|57,044|
|||73,960|
|**3.**|**Other Assets and Liabilities**||
|||2025|
|||£|
||_Assets_||
||Gift aid tax recovery not yet received|213|
||Monies due (security deposit and unpaid invoices)|650|
|||863|
||_Liabilities_||
||Unbilled fee for Independent Examination|170|
The accounts were approved by the Trustees and signed on their behalf on 18[th] May 2026 by Nigel James
## Signed: Nigel James
The notes on pages 10-11 form part of these accounts.
9
## **WALESWIDE CYMRUGYFAN**
## **NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2025**
## **1. Accounting Policies**
The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities
|**2. Voluntary receipts**
Donations
Gift Aid
**3. Receipts from charitable activities**
Events
**4. Other Receipts**
Grants received
Other sundry receipts
**5. Charitable activities**
**a. Direct Charitable Costs**
Staff & contractor costs
Events & courses
Book costs
**b. Support and Administration**
Admin & general expenses
Insurance|Unrestricted
Funds
£
Restricted
Funds
£
Total
2025
£
5,166
154
42,501
8,639
47,667
8,793|
|---|---|
||5,320
51,140
56,460|
||12,926
15,794
28,720
Unrestricted
Funds
£
Restricted
Funds
£
Total
2025
£
-
15,000
15,000
120
4,328
4,448|
||120
19,328
19,448|
||Unrestricted
Funds
£
Restricted
Funds
£
Total
2025
£
19,254
17,706
36,960
5,780
-
44,709
5,757
50,489
5,757|
||25,034
68,172
93,206|
||649
1,445
2,094
275
113
388|
||924
1,558
2,482|
## **6. Staff and Trustees**
The charity has four employed members of staff. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.
No trustee expenses were paid to any trustee during the year. One of the Trustees, Meirion Morris, received a payment of £1,400 for translation services and payments totalling £19,254 were made to connected persons on a contractual basis in the running of the Derwen project.
10
## **7. Restricted Funding**
|Derwen
Bursaries
Cant I Gymru
Total|**Balance as**
**at 23/7/24**
**Incoming**
**Resources**
**Resources**
**Expended**
**Transfers**
**Balance as at**
**31/12/25**
-
16,141
16,141
-
-
-
400
400
-
-
-
108,421
53,189
1,812
57,044|
|---|---|
||-
124,962
69,730
1,812
57,044|
Purposes of restricted funds Derwen Training programme for pioneer leaders Bursaries Bursaries for people on the Derwen course Cant I Gymru To provide support for church planters
11