REGISTERED COMPANY NUMBER: 01344364 (England and Wales) REGISTERED CHARITY NUMBER: 507153
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2025
for
The Bardsey Island Trust Limited
Gwyn Thomas and Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
The Bardsey Island Trust Limited
Contents of the Financial Statements for the Year Ended 31 December 2025
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 5 |
| Independent Examiner's Report | 6 | ||
| Statement of Financial Activities | 7 | ||
| Balance Sheet | 8 | to | 9 |
| Notes to the Financial Statements | 10 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
The Bardsey Island Trust Limited
for the Year Ended 31 December 2025
Report of the Trustees
The Trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report together with the financial statements of The Bardsey Island Trust Limited (the "Trust") for the year ended 31 December 2025. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity's vision is to be an exemplar of Welsh island life, that supports a vibrant island community, economy and healthy ecology. Its objectives to deliver this vision are as follows:
-
To support a community of residents engaged in rural enterprises.
-
To protect and enhance a range of characteristic habitats that support diverse and typical wildlife, which are maintained in favourable condition through appropriate management.
-
To honour, celebrate, explore and share the Welsh language, natural and living heritage, culture and spirituality of the island.
-
To ensure that the built landscape and infrastructure are sensitively maintained and developed whilst preserving the sense of place.
-
To minimise impact on the environment with responsible management and stewardship.
6. To provide an excellent visitor experience.
-
To encourage and enable people, and in particular the young people, of Wales to visit the island when access is possible.
-
To ensure funding for the Trust and generate alternative income streams, enabling the Trust to meet its objectives.
The Trust can only achieve these objectives through the generous support of members, benefactors and volunteers, whose significant contribution is gratefully acknowledged. The Trust would like to pay particular tribute to:
a) All those who gave generous donations in 2025, and especially the Friends of the Brenda Chamberlain murals, to support the Trust's work.
b) To all volunteers who sit on the Trust's committees providing their expertise to support its aims as well as the many volunteers who give their time and energy volunteering on Enlli supporting the wardens in their work.
The Trust would also like to thank the Architectural Heritage Fund, Ashley Family Foundation, Garfield Weston Foundation, Gwynedd Council's Area of Outstanding Natural Beauty programme, the National Lottery Heritage Fund and Natural Resources Wales for their support throughout 2025.
A particular thanks to the residents of Enlli as well as the staff and contractors who have delivered so much of the Trust's work during 2025.
Page 1
The Bardsey Island Trust Limited
Report of the Trustees for the Year Ended 31 December 2025
OBJECTIVES AND ACTIVITIES
Public benefit
The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the Trust's aims and objectives and in planning its future activities. The Trust continues to seek to maintain Enlli as a living community, visited, enjoyed and appreciated by as many people as possible, whilst protecting and preserving the designated nature conservation features and historical, archaeological and religious sites.
Significant activities in 2025
The Trust has continued to fulfil its objectives during 2025. The Trust's core business remains the provision of accommodation to paying guests while respecting the natural and living heritage, culture and spirituality of Enlli. Once again, holiday lettings were at a maximum.
The Trust's paying daily or weekly visitors contribute to the maintenance of rural enterprise on the island. Moreover, the Trust has continued to work with and support the other long-term residents of the island, as well as the regular boat service.
During 2025, the Trust started deploying its National Heritage Lottery Fund grant. Two part-time employees were retained: one acting as the Buildings Conservation Manager; the second as a Project Officer, specifically involving younger and disadvantaged people in the Trust's work. Over the summer months the capital works associated with this, and the Architectural Heritage Fund's grant, were fully completed involving the re-roofing of Ty Nesaf and Ty Bach. A glass map of the island has also been installed in Storws thanks to these monies.
Over the summer months, the Trust organised a successful Artists in Residence programme made possible by funding from the Ashley Family Foundation.
Spirituality remains important. In April a retreat was organised to celebrate 150 years since the establishment of the island's chapel. The chaplaincy programme was again successful.
The Trust seeks to minimize the environmental impact of its activities. During 2025, the updated nature conservation management plan was finalised and approved by Natural Resources Wales to ensure that future farming and land management practices maintain the island's high environmental status.
Finally, the Trust's 2025 Annual General Meeting was held on 17 May. A talk was given by Peter Lockyer on the history of the Brenda Chamberlain murals and the efforts to ensure their restoration and preservation.
Future plans
The Trust recognizes the enormous challenge of maintaining and improving its properties. In addition, the need to ensure that the island retains its unique Welsh, natural, cultural and spiritual character while permitting environmentally and economically sustainable development. To achieve these ends the Trust will seek additional funding as well as ensuring that its staffing levels permit development to continue.
FINANCIAL REVIEW
Financial position
During 2025 the Trust incurred an excess of income over expenditure as well as unrealised gains on investment. There was significant expenditure on property repairs (together with related professional fees) as well as on staffing. Grant income was received from a number of sources and used to fund property renovation; an Artist in Residence programme as well as two employees, one of whom will oversee the Trust's building programme and the other to capture the island's history. Moreover, receipts from 2020, amounting to £2,068, continue to employed for the maintenance of the Porth Meudwy track. Support was also received for Trust's tenant farmer in connection with his land management and conservation activities. Finally, at 31 December 2025 the Trust was fortunate to have reasonable bank balances, collective debts and few liabilities.
Page 2
The Bardsey Island Trust Limited
for the Year Ended 31 December 2025
Report of the Trustees
FINANCIAL REVIEW
Reserves policy
The Trust's reserves policy is to hold sufficient unrestricted funds to meet day to day running costs for the year ahead as well as making allowance for the timing of the receipt of grant monies. Monetary details of the Trust's funds are shown in note 15.
Unrestricted funds
These are funds not designated by the Trustees for any particular purpose.
a) General - represents net income from on-going operations;
b) Spirituality - represents income and expense related to spiritual activities
Restricted funds
These are funds subject to restrictions imposed by the donor and a capital equipment reserve to cover the depreciation on major capital items and those grant aided:
- a) Revaluation - unrealised gains on investments;
b) Carreg Fawr Murals - to cover restoration work on the Brenda Chamberlain murals and Carreg Fawr;
c) Endowment - initial appeal funds plus realised gains on investments.
Investment policy and objectives
Under the Memorandum and Articles of Association, the Trust has the power to invest broadly. A cautious and increasingly sustainable investment approach is taken. Investments other than a long-term bank deposit comprise a Quilter Multi-funds Collective Investment Account in a range of corporate bonds and equity backed investments together with an Aviva investment portfolio.
Investments are made on a long-term basis to ensure future financial viability.
The Trust's financial advisor, Element FPM Ltd, provides financial advice as required.
Risk Management
The Trust has established an organisational risk register which is reviewed by the Council on an annual basis.
In addition, Trustees consider health and safety issues at each Council meeting. Paths, tracks and stiles are regularly checked and maintained and there is a detailed review of all the buildings in the spring and autumn.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Trust is constituted as a company limited by guarantee and is a registered charity. It is governed by its Memorandum of Association dated 24 November 1977; its current Articles of Association, setting out an updated constitution were adopted in 2019.
Members numbered 436 at 31 December 2025 (443 at 31 December 2024). Every member in the event of the Trust being wound up undertakes to contribute to any liabilities up to a maximum of £1.
Recruitment and appointment of new trustees
All members are invited to nominate new trustees prior to the Annual General Meeting. Selective advertising of vacancies is also undertaken. Trustees are appointed for a period of four years and no person may serve more than eight consecutive years unless at each successive election thereafter they are nominated by twelve members or one per cent of membership, whichever is the greater, and 75% of fellow directors.
Page 3
The Bardsey Island Trust Limited
Report of the Trustees for the Year Ended 31 December 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
The Trust's affairs are managed by a Council comprising all Trustees which is scheduled to meet four times a year. Day to day management is ensured by an Executive Committee.
In addition, seven Committees (comprising Trustees and volunteers) report to the Council as well as the Executive Committee: these are the Buildings; Culture, Heritage, and Interpretation; Health and Safety, Income Generating; Scientific and Spirituality Committees.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
01344364 (England and Wales)
Registered Charity number
507153
Registered office
The Port House Port Penrhyn Bangor Gwynedd LL57 4HN
Trustees
H E Wilcox (resigned 17 May 2025) J Hughes Jones (Chair , reappointed 17 May 2025) L Williams A J Tyne A E Jones (resigned 17 May 2025) D Morgan (resigned 17 May 2025) G P D Owen S Purdon D Giblin A L Jones D E Lewis C D Roberts R W Townsend (appointed 17 May 2025) G Hughes (appointed 17 May 2025) M E Jones (appointed 17 May 2025) S H Thomas (appointed 17 May 2025)
Company Secretary
I Harris
Solicitors
Carter Vincent LLP The Port House Port Penrhyn Bangor LL57 4HN
Financial Advisers
Element FPM Ltd 24 Green Meadows Hawarden Flintshire CH5 3SL
Page 4
The Bardsey Island Trust Limited
for the Year Ended 31 December 2025
Report of the Trustees
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees (who are also directors of The Bardsey Island Trust Limited for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of The Bardsey Island Trust Limited and of the incoming resources and application of resources, including the income and expenditure for that period. In preparing these financial statements, the Trustees are required to:
a) select suitable accounting policies and apply them consistently;
b) observe the methods and principles in the Charities' Statement of Recommended Practice;
c) make judgments and estimates that are reasonable and prudent;
d) state whether applicable UK accounting standards have been followed, subject to any departures disclosed and explained in the financial statements; and
e) prepare the accounts on a going concern basis unless it is inappropriate to presume that The Bardsey Island Trust Limited will continue in business.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of The Bardsey Island Trust Limited and to enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of The Bardsey Island Trust Limited and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the Trust Council on 16 May 2026 and signed on its behalf by:
J H Jones Chair - Trustee
Page 5
Independent Examiner's Report to the Trustees of The Bardsey Island Trust Limited
Independent examiner's report to the trustees of The Bardsey Island Trust Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2025.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Gwyn Trewren Thomas The Institute of Chartered Accountants in England and Wales
Gwyn Thomas and Co Limited 1 Thomas Buildings New Street Pwllheli Gwynedd LL53 5HH
10 June 2026
Page 6
The Bardsey Island Trust Limited
Statement of Financial Activities for the Year Ended 31 December 2025
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 276,022 Charitable activities 4 Access and accommodation 175,937 Investment income 3 7,825 Total 459,784 EXPENDITURE ON Charitable activities 5 Access and accommodation 446,387 Net gains on investments - NET INCOME 13,397 RECONCILIATION OF FUNDS Total funds brought forward 196,647 TOTAL FUNDS CARRIED FORWARD 210,044 |
Restricted Endowment funds fund £ £ 7,447 - - - - - 7,447 - 179 - 26,553 - 33,821 - 113,312 241,200 147,133 241,200 |
31.12.25 31.12.24 Total Total funds funds £ £ 283,469 146,194 175,937 161,835 7,825 7,047 467,231 315,076 446,566 323,179 26,553 12,124 47,218 4,021 551,159 547,138 598,377 551,159 |
31.12.25 31.12.24 Total Total funds funds £ £ 283,469 146,194 175,937 161,835 7,825 7,047 467,231 315,076 446,566 323,179 26,553 12,124 47,218 4,021 551,159 547,138 598,377 551,159 |
|---|---|---|---|
| 315,076 | |||
| 323,179 | |||
| 12,124 | |||
| 4,021 547,138 |
|||
| 551,159 |
The notes form part of these financial statements
Page 7
The Bardsey Island Trust Limited
Balance Sheet
31 December 2025
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 10 34,745 Investments 11 - 34,745 CURRENT ASSETS Stocks 12 300 Debtors 13 98,227 Cash at bank 256,897 355,424 CREDITORS Amounts falling due within one year 14 (180,125) NET CURRENT ASSETS 175,299 TOTAL ASSETS LESS CURRENT LIABILITIES 210,044 NET ASSETS 210,044 FUNDS 15 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
Restricted Endowment funds fund £ £ - 101,000 138,225 123,000 138,225 224,000 - - - - 8,908 17,200 8,908 17,200 - - 8,908 17,200 147,133 241,200 147,133 241,200 |
31.12.25 Total funds £ 135,745 261,225 396,970 300 98,227 283,005 381,532 (180,125) 201,407 598,377 598,377 210,044 147,133 241,200 598,377 |
31.12.24 Total funds £ 118,601 234,672 |
|---|---|---|---|
| 353,273 300 66,826 277,825 |
|||
| 344,951 (147,065) |
|||
| 197,886 | |||
| 551,159 | |||
| 551,159 | |||
| 196,647 113,312 241,200 |
|||
| 551,159 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 8
The Bardsey Island Trust Limited
Balance Sheet - continued 31 December 2025
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2026 and were signed on its behalf by:
J H Jones Chair - Trustee
The notes form part of these financial statements
Page 9
The Bardsey Island Trust Limited
Notes to the Financial Statements for the Year Ended 31 December 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
Income
All income is recognised in the Statement of Financial Activities once the Trust has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Trust to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery
- 20% on cost
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The Trust is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the Trust. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the Trustees' Report.
continued...
Page 10
The Bardsey Island Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
| 2. DONATIONS AND LEGACIES Donations Gift aid Subscriptions Fees for filming Heritage Lottery Fund Natural Resources Wales Area of Outstanding Natural Beauty Cyngor Gwynedd Garfield Weston Foundation Architectural Heritage Fund Ashley Family Foundation 3. INVESTMENT INCOME Interest received 4. INCOME FROM CHARITABLE ACTIVITIES Activity Letting Access and accommodation Boat licence Access and accommodation Sale of Enlli merchandise Access and accommodation Rent of farm and other properties Access and accommodation 5. CHARITABLE ACTIVITIES COSTS Direct Costs £ Access and accommodation 369,981 |
31.12.25 £ 11,392 2,100 10,671 4,390 119,738 64,642 9,572 10,964 30,000 20,000 - 283,469 31.12.25 £ 7,825 31.12.25 £ 135,616 12,363 6,299 21,659 175,937 Support costs (see note 6) £ 76,585 |
31.12.24 £ 2,259 2,031 11,048 1,400 38,330 61,561 - 16,888 - 1,677 11,000 |
|---|---|---|
| 146,194 | ||
| 31.12.24 £ 7,047 31.12.24 £ 125,664 9,350 5,024 21,797 |
||
| 161,835 | ||
| Totals £ 446,566 |
continued...
Page 11
The Bardsey Island Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
6. SUPPORT COSTS
| Management £ Access and accommodation 70,169 NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Surplus on disposal of fixed assets |
Governance Finance costs Totals £ £ £ 5,166 1,250 76,585 31.12.25 31.12.24 £ £ 10,356 6,503 (1,000) - |
Totals £ 76,585 |
|---|---|---|
7. NET INCOME/(EXPENDITURE)
8. TRUSTEES' REMUNERATION AND BENEFITS
There was no Trustees' remuneration or other benefits for the year ended 31 December 2025 nor for the year ended 31 December 2024 .
Trustees' expenses
There were no Trustees' expenses paid for the year ended 31 December 2025 nor for the year ended 31 December 2024 .
9. STAFF COSTS
The average monthly number of employees during the year was as follows:
| Charitable activity No employees received emoluments in excess of £60,000. 10. TANGIBLE FIXED ASSETS COST At 1 January 2025 Additions At 31 December 2025 DEPRECIATION At 1 January 2025 Charge for year At 31 December 2025 NET BOOK VALUE At 31 December 2025 At 31 December 2024 |
Freehold property £ 101,000 - 101,000 - - - 101,000 101,000 |
31.12.25 7 Plant and machinery £ 44,979 27,500 72,479 27,378 10,356 37,734 34,745 17,601 |
31.12.24 7 Totals £ 145,979 27,500 |
31.12.24 7 Totals £ 145,979 27,500 |
|---|---|---|---|---|
| 173,479 | ||||
| 27,378 10,356 |
||||
| 37,734 | ||||
| 135,745 | ||||
| 118,601 |
continued...
Page 12
The Bardsey Island Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
11. FIXED ASSET INVESTMENTS
All investment funds are UK based.
12. STOCKS
| Stocks 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors VAT Other creditors Accrued expenses 15. MOVEMENT IN FUNDS At 1.1.25 £ Unrestricted funds General fund 186,047 Spirituality 10,600 196,647 Restricted funds Revaluation 111,672 Carreg Fawr murals 1,640 113,312 Endowment funds Endowment 241,200 TOTAL FUNDS 551,159 |
31.12.25 £ 300 31.12.25 £ 98,151 76 98,227 31.12.25 £ 11,411 6,123 142,491 20,100 180,125 Net movement in funds £ 12,973 424 13,397 26,553 7,268 33,821 - 47,218 |
31.12.24 £ 300 31.12.24 £ 66,311 515 66,826 31.12.24 £ 16,261 2,877 97,350 30,577 |
|---|---|---|
| 147,065 | ||
| At 31.12.25 £ 199,020 11,024 |
||
| 210,044 138,225 8,908 |
||
| 147,133 241,200 |
||
| 598,377 |
continued...
Page 13
The Bardsey Island Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
15. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Spirituality Restricted funds Revaluation Carreg Fawr murals TOTAL FUNDS |
Incoming resources £ 459,360 424 459,784 - 7,447 7,447 467,231 |
Resources expended £ (446,387) - (446,387) - (179) (179) (446,566) |
Gains and Movement losses in funds £ £ - 12,973 - 424 - 13,397 26,553 26,553 - 7,268 26,553 33,821 26,553 47,218 |
Gains and Movement losses in funds £ £ - 12,973 - 424 - 13,397 26,553 26,553 - 7,268 26,553 33,821 26,553 47,218 |
|---|---|---|---|---|
| 13,397 26,553 7,268 |
||||
| 33,821 | ||||
| 47,218 |
Comparatives for movement in funds
| Unrestricted funds General fund Spirituality Restricted funds Revaluation Carreg Fawr murals Endowment funds Endowment TOTAL FUNDS |
At 1.1.24 £ 191,008 10,626 201,634 99,548 4,756 104,304 241,200 547,138 |
Net movement in funds £ (4,961) (26) (4,987) 12,124 (3,116) 9,008 - 4,021 |
At 31.12.24 £ 186,047 10,600 |
|---|---|---|---|
| 196,647 111,672 1,640 |
|||
| 113,312 241,200 |
|||
| 551,159 |
continued...
Page 14
The Bardsey Island Trust Limited
Notes to the Financial Statements - continued for the Year Ended 31 December 2025
15. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Spirituality Restricted funds Revaluation Carreg Fawr murals TOTAL FUNDS |
Incoming resources £ 315,076 - 315,076 - - - 315,076 |
Resources expended £ (320,037) (26) (320,063) - (3,116) (3,116) (323,179) |
Gains and Movement losses in funds £ £ - (4,961) - (26) - (4,987) 12,124 12,124 - (3,116) 12,124 9,008 12,124 4,021 |
|---|---|---|---|
16. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2025 .
Page 15
The Bardsey Island Trust Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
| Detailed Statement of Financial Activities for the Year Ended 31 December 2025 |
||
|---|---|---|
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 11,392 | 2,259 |
| Gift aid | 2,100 | 2,031 |
| Subscriptions | 10,671 | 11,048 |
| Fees for filming | 4,390 | 1,400 |
| Heritage Lottery Fund | 119,738 | 38,330 |
| Natural Resources Wales | 64,642 | 61,561 |
| Area of Outstanding Natural Beauty | 9,572 | - |
| Cyngor Gwynedd | 10,964 | 16,888 |
| Garfield Weston Foundation | 30,000 | - |
| Architectural Heritage Fund | 20,000 | 1,677 |
| Ashley Family Foundation | - | 11,000 |
| 283,469 | 146,194 | |
| Investment income | ||
| Interest received | 7,825 | 7,047 |
| Charitable activities | ||
| Letting | 135,616 | 125,664 |
| Boat licence | 12,363 | 9,350 |
| Sale of Enlli merchandise | 6,299 | 5,024 |
| Rent of farm and other properties | 21,659 | 21,797 |
| 175,937 | 161,835 | |
| Total incoming resources | 467,231 | 315,076 |
| EXPENDITURE | ||
| Charitable activities | ||
| Wages | 126,135 | 124,821 |
| Council tax | 2,073 | 2,030 |
| Insurance | 19,082 | 18,744 |
| Farm land management | 41,482 | 41,482 |
| Publications | 3,732 | 4,366 |
| Sundries | - | 450 |
| Boat transport | 14,981 | 14,038 |
| Direct cost of letting | 17,215 | 17,393 |
| Maintenance | 130,121 | 35,271 |
| Education project | 3,219 | - |
| Cost of Enlli merchandise | 2,405 | 1,966 |
| Conservation Carreg Fawr mural | 179 | 3,116 |
| Depreciation | 10,357 | 6,503 |
| Surplus on disposal of fixed assets | (1,000) | - |
| 369,981 | 270,180 |
This page does not form part of the statutory financial statements
Page 16
The Bardsey Island Trust Limited
Detailed Statement of Financial Activities for the Year Ended 31 December 2025
| Detailed Statement of Financial Activities for the Year Ended 31 December 2025 |
||
|---|---|---|
| 31.12.25 | 31.12.24 | |
| £ | £ | |
| Support costs | ||
| Management | ||
| Computer and web design | 4,268 | 7,798 |
| Office administration | 16,137 | 15,859 |
| Professional fees | 44,644 | 19,859 |
| Meetings and translation | 5,120 | 5,023 |
| 70,169 | 48,539 | |
| Finance | ||
| Postage and stationery | 2,464 | 1,165 |
| Bank charges | 642 | 1,721 |
| General office expenses | 2,060 | 374 |
| 5,166 | 3,260 | |
| Governance costs | ||
| Accountancy and legal fees | 1,250 | 1,200 |
| Total resources expended | 446,566 | 323,179 |
| Net income/(expenditure) | 20,665 | (8,103) |
This page does not form part of the statutory financial statements
Page 17