Canolf(￿ Hyfforddi Coleg y Bala
(Registered Charity Number 524277)
Annual Report
For the year ended 31 December 2023

Canolfan Hffjorddi Coleg y Bala
Annual reportfor the year ended
31 December 2023
ContenLs
Vages
l£gal and administratiTrT infonnatio
Report ofthe truslees
StatemerLt of trustees, responsibilities
Independellt audito￿, report
ststement of fiThaneia] actTrTities
Balance sheet
Notes to the finatLLidl st¢Ltements
10-13

Canolfan Hyfforddi Coleg y Bala
Legal and administrative iTrformation
Constitution
Qallolf￿ Hffjorddi Coleg y Bala ("the College-), is an un1ll(x>rwrd￿a orgatjisation and a re￿tered
cbarity (No 524277).
T￿￿tee8
I'lie trustees of the Cvllege were in office durillg the yeai and up Lo ihe date of signing tbe
financial statements were..
RevNTan Pffivell-Davie8
Mi Hywel Da￿leS (SeLreLary)
Rey Ilusy Powell-Diivies Ichairman)
Re.vF,myrWllliams {appointed 12 July 2023)
RevBryn Ivilliurns
Rev Hywel Fdivard5
Revoivain Da
ReYTiTh Hodgin5
. GIeThd￿ Ilavies
Rev Gerwyn Ruberts
R￿. Mike Ward
Rev Huwltylan Joncs
Ms Sioned Nvll]iams (￿lSued 21) September 2023)
Underthescbeme goven)ing the Collcgv., tbe.body of maTJaging t￿*￿9.￿hall ennsigt when r.omplete of
two ex officio ttustees, seven nomitiatfyl tr￿tte5 and upto si¥ e(Foptrd tnLqtees.
The ex officio ttustees be:
the General SeL'retary i)f The Pre5brterktn Chi￿Ch of Wales ('the chU￿..h,) during hi%/her
appointment.,
the Ce.ntre. Mttnagcr of Colog TwEeca during his/her term of O￿lee.
1ILenoillinated man2singtrllsEeesMII be noJninated oneb}' each ofthc follomqngfrom thp. PreSb￿crian
Churft.h ot Wales, the GeneL31 kne￿bI￿ Boart the ResourcEs Depatitnent aDd Prowtics BO8￿, the
Children and Youth 8iib-mmTnittep., thp A&sociatiou in the South: the￿SoCIation intELe l%()rth and the
soeiatioii in dle East. A further trubtee is nomillaied by the D]r￿tOr of Educatioll for Giwie.dd
Council.
The co-opted tn)stees M￿lbe appointedb}'the rnanaging trt￿ee.￿.
Prineipal address
IndependentAllditors
(4oolfan H)fforddi Coleg y Baja
Swyd<]fa Iellellotia
Ffuidd F&y(lan
Y Bdla
GTrwicdd
LI23 7RY
AzetsAudtt Services
Ty Dv.rw
limeTrec Court
rdiff Cate Bu8iness Park
Cardiff
CF23 8AB
Sollcitors
Bankers
G￿lIn5 Solicitors LLP
74 bwd FaMT
Barelairy Bank ple
8.5 High Ststet
Illackwood
NP2
Gwynead
1123 7BH

Cano]fan H)fforddi Coleg y Bala
Report of the trusteesfor the year ended
31 Deeember 2023
Tlie tru.£tces plcascd to Pfcsent theii<mniiJ Ivwrt und tlie auditedfinancial ststements for the )yedr
ended 31 Dec£mbei 202.3.
Fnfurm<ltii)n i%'ith re.$1)ecl lo trustees, ofticers andadvisor5 set ollton i)age i fornis part cif thi8 report.
'rhe fLnaIicial btAte.mviits liave been prepared Dn a guinx eonce.rn l?ttsis in compliancc Thith the
ppliccible <I('LVUlltin￿ ￿t￿ndardS iIi Ilie United Kin%dom ine.Iiiding the Statement of Recommended
PractlLe ISORP).. A('.L()iiiiting ajid Reporting by charitkcs in preparing their l.'inAncial StalementE in
aceordance slith the Finaricial Reporting stallda￿ IFRS) &ppljrel?l)le. in the L'K and Republic of
Ireland (FRS io?).
Status and objectives
The Collcgc is 47 yOlIth (2nd eJ)ildre.n'.% eentre owncd b). The Prcsb￿erI￿ Cliurd2 of MTaies aod is
aarn1n￿te￿ed as a sepiifirytplv rp.gi%tei'ea didllts. T]ie yuiyose of tile College is to atrauKe Cuut￿ iliat
Ivlluw Bibliea] Uien)es aiid involi'e groupwo)rkbULh ds Lirdrna. cr¢ift and LTrl)tdorir p1sr.%lLltacti￿tie.￿. F.vtry
a%pEcI ol die i*'orK of tlic College is aimed <it encviircixin% a i)eiEonal 12ith iji Jesus ChLi%t.
Ihtre havcbcen no ehangeslo the College objectiTros since the last trustee's reyorl and tlie ti'ustees have
haa rcgard to Chcirit), Cc>mmi&%ioD gJU]d￿Lg uii publiL btllefit ill se¢tiOU 4 of the Lhatititb AL'I 2011.
Coimected cliarity
'I￿P LDIICXL ieLeiiTes an aDIiu£il grant from The Piesbyterimn CJiiirc.h of l.Vales tD aqsist ￿1th salaries.
runnin% rnql.% and e.o.pital oycnditure. Thc Colle%L' IEpurtb lo the General Asscnibl}' of The
Prcsbsterian chiirch of through its Resouicc8 Departn]ent. Thp. grant rcceii'cd in no4'.i M'as
£Ioji45812022.. £128,768).
Developnients, actiNTrtiL's ￿ChAel'eMentS
The main actiiit). of the Colle%e rnntiniip_4 tiil)f. l)g,? reqicle.ntial trainiiig eentrc for children and )'ollng
pethple. i&iihin I'hc Prc.shJteJian ChurLh uf hTale4 i¥'jtli eoiii'sps e.nntinuing to attnct pL'r)ple frL'm <iLross
Jl¢'& dnil l￿￿'0￿d. Ilie key O.pvelnpments, acti¥rilles and a(hicvemLDts vfdLE Cullege ate as fc>lloi%'s.
I￿L Coll¥¥e hds eoTltinued i%rytli its polici. of elljplciking gap }'ellr &ludents in toJijunction with
Je Caiididates and Training l)epartment of the PrLsbsrteri4D C,hiirc.h nf VVald%-,
lThe. C'nllege ￿ littising hith the Presb}rtcri-:n C.hiir(..h of WAIE'% fi)1101I7118 their Ccntres ReNiew
Panv.I reptsrt inLluaing thc nattire of futiirc ministL) dlld ITIL8SiOll knryt]i children and N'oiin
people, IlDlinK thdl ilit College coIitiiiiies to be a central I)L￿sSar! rewiiiLe for woik wilh
children ancl }'oiinx ptople.",
'Il)c college lias liosted a hryde range of courses inCludin￿'S01jI￿￿ C)ut', EL*tei courses, youth
cautsL8 and eoiirEe.s siic.h If q T4?<te.r C.(IllP%E. fi)r !'uiJfigei' people iyho are eonsiaerin
)min¥ to Culcb ).' Bala dnd a weekend for fusteriTJX fdtIiilies.

Canolfan Hyfforddi Coleg y Bala
Report of the t￿￿teeSSOr the year ended
31 December 2023
Income uenerdtion
The boufLes of inLume conliuued to bc the anllual grant from The Presbyterian Church of
Wales. The total income decreased from Litl7,590 in 2022 to £181.999 in 2023. The primary re8scJn
for the decrea.¢p. was a decTease in the grant from the Presb}terian Chureh of Wales from £128,768
in 2022 to £105,458 in 2023, which offset an increase in eourse and residcntial fees from £32,458
ill 2022 to £44,8y6 ill 2023.
Results
Dllring thc }CdT, the funds of the College ha&e been used to further the College objectiiv.s. The. npt
ineojning Sjnds for the year amounted to £21 (2022.. £14,795). The deer&qse ID In(*￿illg rp.%()iire.e% i
attnlutable to the decrease iti illcome noted above together an inerease itl expenditure on
charitsble artI￿tieS from Ei72,79.5 in 2022 to £181,978 in 2023. lThe results for the year showm in
the staten]cnt of fLnaJLcial aCt[￿￿tie4 on page 8.
Reserves poliey
'Ihe fun￿8 available for use by the College are unrestricted, The trusrtees have deter￿illed that the
iinrEbtrirlrtl fundyshouldbe atalevelto rcflcrta iiiinimum of siYD]onth'worth olexpendxtureto ensure
tlje lUtU￿ ￿abIli￿r Df the Colle%e in the event of unfortheen circumstances. At 31 DeLember 2023, the
le￿ of unrestricted rese￿e8 exceeded one yearfs worth of expenditure excluding depreciation.
e trllstees are sarisfied that the fiDancial p(J8itinn at the year-end is adequate to meet the on-gning
requirements. of the CvllegE Witli the Lolliiuuedsuyport olThe Pi'esbyteriail Cburcb olwajes. Following
a TeNryeM' ot its centres The l¥esb)teriau CThurch of WaIes ha5 agreed for Coleg y Ba]a until the
end of 2026.
Risk" managcment
Tht. tnJ8te&£ orc undertakiug of the current risk register, and iipdating it to reflect the Utajor
risks to which the C()llege 15 exposed and its iisk management and internaj control p￿CedureS in order
tr> ensure that b)EleD￿ are in pluce to rnitj8ate thesè risks.
Governance ofthe College
Durillg 2023 the tn￿teeS met four times. On a ddy to Ild}, babis tbe College 15 aa￿l￿15te￿d b}, the staff
al the ColleF.e who liaise dn8el} s%ryth the tnjstees when siguficant matters arise.
Public Renefit
In planning and r￿￿ewing itS.ILtivities the College b&s C47Dsidered the Charity Coll)mwion's gu?dantc
Oll public benefit in parlicul￿ the specific xuidance on charities for the ddvancement of religion.
By order vf the truslee2S
tec..
Trnstee..
Date: 18 Octciber 2024
Llate.. 18 October 2024

Canolfan H)fforddi Coleg y Bala
Statement of trustees, responsibilities
t￿￿tee5 are resptsThsible for preparin% the-I'riislee.s' Aiinual Re[)nrt and Uie fiiialleial
staiemcnts in aecordanee ivith apylieable lai%. and Uiiitc.d Kingdnm Aceouniing Standard5 (Unitod
Kingdom G'eTreralli." Aecepied Accounting Practiee).
lThe law applieable to cbarities in England and Iyales requires the trustees to prepare finaJ)cial
¥tElten]ents for each finaneitil Trear whiLh %1￿"t d Injp %n(I fair Vie￿ nf the qtale (Jl&ffaiL'S of dic
charity dnd o)t the inLvminA resoiirLes aiid asiplic.'ation r)f resourees of the Charity ttsr that pcriod.
In prepaiiiLA thest finatLeial statcincnts, thc trustees are re.qiiired to..
seleLt suitable acLuuntill¥ puliLie5 and thLll applj Lheni eonsisteiitly.,
observe the methods and principles in the ChdTlties SOKF,.
makejud¥meELtS dnd estim
tes that are i'easc>Iiable aJ)d prudciit",
statc whether applicable accounting Standards, cornprisitLg FRS 102, have been followed,
siibject l() an3, matv.rial deparluies ditsL,104ed aiid explailled in Lhc finaneial st3terllents,' and
prepai"e the FlI￿nCIal statements on the. soin% c.onc.ern basi% unless it is I￿pprOpriate to
pTesume tliai ilie chariiv i%ill colltinue in business.
The tFUQtee8 are responsible for kccping proper accounting recordg that discloqe Mryth reasonable
aecurac} at any time the findncial positiun uf the Lharily dnd e￿1)le tlieiii lo ellsure thdt tht
fiiiaiicial statcm(nts eompl}' IFith tbe Charities Act 2011, thp. Chiiritv (_4ccounts Reports)
Kegulations 2008.'1'he)' are also responsible for safeguarding the a.%.sp.ts ttf the e.harit)" and hence
ftir tdkin¥ rtr.d%l)ndl)le.stv.i)s fr)r tlie I)Itveiilion alld dctcction of fi'aud &nd other irrcgularitico
11). nraer of tht trLLsltt8
'rni8lpe.-.
I￿￿ec. ...
Date..
18 OLtub¥r 2024
Date.. 18 Oclober 2024

Canolfan Hyfforddi Coleg y Bala
Independent auditors, report to the trustees of
Canolfan IIufforddi Coleg y Bala
Opinion
"e have audited thefinancial statetncnts of Canolfan Elirforddi C£)le¥ ¥ Bala forthe
ended
31& D￿eM￿r 2023 h'hich Ix)mprJse the Statstnent of14nancwl ActiKtses, Balance sy￿¢ and
not*% to the finanei81 ￿atements, including significant attounting wliut%. The financial
re.wrhng framew'ork that has been a
pLied in their preparation is appli(xble law and United
gdom Accountin
Standard 102 The Fpna7?c7al
ALYepted Auxjunting Practi￿).
In our opinion thefinancial statcrnents..
giiTe and faIr￿eN5 of the state of the eh?riV8 aff8iTh as at 315t DeLEmber 2023, and
of the chantyls meoming re￿Ur￿alld appbeatson ofrèsOur￿, including IL8 in(y)me
and e￿nditure, forthe year then ended.
haveLEen prop￿.1Yprepared in accordan1￿ with United Kingdom GcnerdllyAceepted
A(mllnting Prartiee. and
have prepared in accordar1￿ willi the requirementsof the c1￿￿ltieS Act 2011.
Basis for opinion
We eonductsJouT audit in acc.ordance IntenLationa] sL￿danIs on Auditing (UK) (ISAg
(UK)) and app]i<2ble law. Our r
nsibilities under those standards are fillthLr descnl)ed in
theAuditolsrestK>n&bi]ities forTe audit of the financiaj state]nents ￿loll of our re
arL indLpLndent of the. (hthty. in aLa)rd￿ll. with the etbicAI requirements that are
cvantto
our audit of thc fit]aneial.4totLimLintq in the UK, ineludingthe FRC'S F.thica] Stan(knrd, and Mf
have fu]fJlled our other ethi(21 res
nsibi]ities ill aecoidanL* with these rLYJuirements. We
be]ieN'e thatthe audit eNidence we%ir obtiined is sufficientand appropEiate to PTovide a b&sis
r()r uur upiuiuii.
CunLIusiuns relating tn going conttrn
In allditillg ttle finaneial btatetnents, have conduded thatth¢ ttith, ￿ of the going
concertLbasis" of acLL)un1ing in the preparation of the fitwicial statements is appropriate.
B&r£d on thc workwehai'c ￿rforn]Cd, we have not identified anymaterial uncertainties
relatingto eNtnts or(r>nditioi]s that, indiNrydua]Iy OT eolleetively. ma
cast signifi(2nt doubt on
the d)aritJOs abi]ityto eolltinue 3s a going (￿)Cern for a ￿liod ofat
cast ttvelve months fro
ii,hen tl)e financial statements are authorised for iwe.
Ollr ro8wnsibllities dndthe rL%p()tLsllliilitics of thc ttusiees with w tr) going con(rrn are
de&￿i￿d in the relewdnt sections of this re￿rt.
The other I￿or￿atiOn I￿rnpriSeS the ]nforn￿tiOn induded iu the tr[￿ee& dtllkual report, Other
than the financial statements and our auditor's
the other inforniation (x)ntained Mrythin the annu
rt thercon. The trustees e Tesponsbi le for
)rt. Ouro
tsn on the financial
statements dw not Cover the otlierinforiiiatioii and, ex(Ypl lo
e extent o)theTh¥ise expiiut]y
slaled in ourreport, i%e do not exp￿ ati). fur￿ of asSur￿le¢ LundLLSiOn thereon. Our
responsibiliLv is to read the other information and, in doing ￿, considerivhetherthe other
informatloll ￿ inaterially ineonsigtent Mryth the financidl statements or our knowledge obtained
in the Ix)urse of the audit or otberwise appts￿5 tc) be rntitL'rkilly Mi*Qate.￿ If we identity such
niatL'rial InL%)￿￿LSllnCLQ5 or appaTent ll]ateriai rni&statemeThts, i%'e are required to (letermine
whetherthis gives ri￿ to a material misstatement in the financia] siateInents thenL8elv@i. If,
ba￿ on thework we. have performtx]. we condude th3tthere is a tnaterial mi&staten]ent of this
other infonnation, we are reqlli￿d to rcportthat fatt.
Wehave nothing to rew)tt in d)is regard.

Canolfan Hyfforddi Coleg y Bala
Independent auditors, report to the trustees of
Canolfan Hufforddi Coleg y Bala
tters on which we I2re reqiiirLxI to re.port b> cx(*'pti(>n
Ive have DothinR to rewrt in resptyt of the following rnatte.Th in relatinn to ￿￿1￿7 the Chariti
(A(rounts and Rctx)rts) Resulatiiins 2008 rL'qui￿ LLS lo rewrt to you if, in our opinion;
thL infornution givLn in the fi￿R￿¥j sLaleiiieiits is In(x)i￿]stent in an) mateTial respect
th the tr￿stee$, report; or
S1￿Clent accounting reefjrds haiE not been kept,. or
th@. c.h<iriti's finan<i&il stdlLinLIkLs ￿e nol in agreernent with the aecounting records and
we have iiot received all thc information and explanations we TequiTe for ouraudit.
RL%TM)nsibiliti&% ()f trustees
As explained ￿llY in thc tr￿￿teeS Teswnsibilities stalemellt set out on page 4 the tn]5tees
are i'esponsible fortlie pL'eparation ofthe financiaj statenients and for Satisfied that they
E a true <ind faIr￿e￿I, dnd for sueh intcrTral control as the trustees detennine is necwaryto
enable the prepLif8tion of finaneial statements that are free from material misstatement,
.Iietlier due to fraud or eLTOr.
IPp￿ing tlie financia] statements, the trustees are respO￿]ble for asse￿[￿
ab&'ty to eoJ)tinue as a gouig eDncern, di.qclnsin%, ai)i)licable, rnatters relat
the charity's
lo going concern
and ￿illg die going enn￿r￿ ba.%is of accounting unless tbe tntstees either intend to liquidate
the eknirity or to ottratic)ns, or have no r￿istic dlternative but to do so.
Auditorfs responsibilities forthe audit of thL. financial stalemcnts
We have been apwinted ￿ auditoi. under section 145 ofthe C.hariti&s Act 201J and retK)rt in
accordance with theAct and releiant regulations made or haiqng effeet thereunder.
Our objLLtiTrLS dfL. tu ubtsin r￿%Unabl¢ a&sUrall￿ atK>Ut i*hether the finaneiaj statements as
iiliole ￿ frLL fll)tn matcrial rnisbtatLtnenl, wEietlLer due to fi'aud or error, and to issue aJJ
au(Jitorfs re￿rt that inoludes OUJ opinion. Rwollable ￿1)ranCe. a Iii
h lc.vel afa.￿￿ra￿tt,
biit 1.9 not a gu<1fdntee that an dudit conducted in aeeordance with ISK
Mqll always deteLt d
mate,rial MI￿￿tateMent when it cxists. Mi￿%￿￿1￿[I1￿LIIs arise. froiii h'aud or error and
(x)I￿ldered li￿t¢rIal if, iiidividually or in the agsregate, the}'Lx)uld re￿O￿LIblY bc experted to
infiueI)ce the ecollomic decisiorhs uf t￿"¥n un tFiel)asis of these finanei31 statements.
A fiirth?.r ae_qeriptinn ()f our rogrK)n.qibilitio% ￿ iiiTdablc on the Financial Rewrtin
Couneil's
trebsite at- h
w.frc.or .
idance-for-auditor5
Au(bioTh-rE
- This"ap.seriDtirJn formq part of oi)r
auditor's rewrt.
E¥tent to whieh the audit ivas considered cap<ible vf ￿et￿Ing irregularitie5,
including fraud
Irregultiriti&s, including fraud, are Instan￿ of non-conipliance with laws and regulatio￿. IN'e
(lesign pn)ccdurcs in line our respoi)sibilities, outlined abu￿.¥ un tIIL FitiÉuiuaL
RewrtiI￿ Counoi]'s ivebsite, tD dL)tecl n]ateria] n]l￿tateMentS in respect of irregularities,
including fraud.
Mre. obi¢?in And iitxl?te oiir iindprqtaiidiiig nf the entity,, its, dLtiiitiLS, its, euntrnl enivonment.
and likel ￿t￿re developments, includingr in reldtiun lo the legal ￿]d L'e
appli￿ble ￿la Iiom tlie eiitity. ts eDiiiplyin
atory, frameiyork
with that fr￿nem,0[k. Base
on this linde￿tanding,
we ideJitifv %nd asse.ssthe risks of materia
Mi￿￿tateML,nt af the finaneiak staterDe.nls, i%,liether
due tn fraud nr errrhi, de8igii and pcrforEii audit pr(thures reSp)nsi￿e to those risks, alid obtiin
audit eirydence that ￿ sufficieiit and apprupri¢lte to prolqde a b&sig for our opinion. Thi8
iiiclud&g ciJn.sidp.rlitirJn of the. ri8k c)f acts by the entity. th<2t M'ere eontrary to applieable la1￿ and
regulations, including fraud.
Ii)
nse to the rsk ofirre.gdvc iues and nOn-￿mplIanceI*lth laivs and regulatioTh£,
inelu
ing fraud, a￿Ign?￿ pr(KL,dures w'hiLh included..
•frnqiiiry' nf manageme.nt and those chai'gLxl guverEiance around actua] and potential
litigatinn and daims a.s isell actLd, sLspected and alleged fraud.,

Canolfan Hyfforddi Coleg y Bala
Independent auditors, report to the trustees off
Canoffan Hufforddi Coleg y Bala
• Re￿eNIng minutes ijfMeetin￿ ofthose dwEed with governance;
.As5es8illg the extent of Complian￿ ivith the lai¥s and regulations consiaeredto havc a direct
tnalerid] effeLI the fin￿LIa] stdtements. or the 0￿ratiOnS Df the elltity thn)Iigh enquiry and
I￿￿pc￿lOn.
.Reiryewing fin2n<ial statement disclosures and testing to supporting diKutnentation to &8S
￿p]I￿ce applicablelaws and re￿lationS.
.Ferformingauditworkofverthe riskof nunagementbias and override of coiitruls, illduding
tesling of Journ￿ entri(s and other adjustments foL ap
rdtionale ofstgnificanttransactions outside the no
ropriatene&s, th'aluating the bLisilles5
COU￿ of busin&* and
accounting estill￿tes for indiotors of potentialbias.
Because of the inherent limitations of an audit, there is a risk-thatltrE Mill not detect all
irrc%ularitiEs, includingthcff leading to a rnateTial rnk**atetnent in the finatkcial ststernents or
llOll-COtnp]iance i*ith reguLatioJL 111is risk incr&￿eS the niore tI￿t eoiii
liance wryth a lam.. oi
res￿atiOn is removed froD] the ￿'ents and tra￿actionS Teflected in the
nancial stai￿[￿e￿￿', db
we will he Ic,&s likelyto tX.beome. awAre of instsnces uf nnn-LOmplian￿. The risk of not detecting
a matcrial miWateme.nt resulting from fraud is higher than for one resulting from error, as
fralld may iniyolve ￿)llusIo4 t0￿ery, intentional omissions, mjsrepresentations. or the OTrErride
of illterDal conLrol.
Use of our report
This reportis made solety.to the charity's thLStees, as a bod!, in a(￿Ordan￿wIth Part 4 of the
Charities (Accounts 2nd Reports) Regulations 2008. Our audIt￿￿rkhaS been undertak'en y)
that we might state. to the chariws ttstees those niatters are required to state to them in an
auditor's rcwrt and for no other piww. To th?. ￿lIe.￿t o.xto.nt ￿rn]itted bs, law, Ive do not
ar.￿pt or r&sponqibilityto anyone othe.rth.gn thp. charity and the thariW.% 1]vstees as
LKd}', for audit worl foruiis rLpurL Jr lor ttie opu)ioiJb hai'c [Ur￿ed.
Nl Klk £_
A￿tsAUdit ServiLYs
CharteredAccouiitants & StatutoryAuditor
DeThv
Linie TrL* Courl
Cardiff Gate Business Park
CF23 8.4B
Date". 18 Oetober 2024
Azets Audit SeTrices is eligible to act as an auditor in terms of sectioll 1212 of thL Cotnpanies
Aet 2006.

Canolfan Hyfforddi Coleg y Bala
Statement of finaneial activities for the year ended
31 December 2023
Note
2023
2022
Ineome from:
Course and Residential Feeb
SIIop 521es
Grdnts
f)rJnAtir>n.%
Grant from Presbyterian Cfrurch of w'alp.s
Sundry, illLcime
44?896
32A58
1,7J5
3,nOO
16,933
24JOIO
105?458
0,0.58
4,716
Totsl
181,999
187,590
Lxpenditure on:
(A)iirses
O)sts of %enerating fiinds:
Shop costs
180,192
170,520
1.786
Totsl
181,978
172,795
et income
21
14,79.
Reconcili&tion of fiiDds:
Total fi2n￿% brouRht torward
241.￿1
226,356
Total fundb" carrica foDs'ai"d
241,172
111.1.5L
All reLugnised gallts and Ic>sses ha¥e been llieluded in the Statcillent of F'iTLancial Acti￿tieS and the
aIii()unL* iT]cludcd are derivcd trom the eontinuiiig opprations uf the Cullese..
Theie is no m<lteii(Il diEfeieiiLt bet¥l'LI.11 the Iiet Inoi'einent oltunds stated aboi'e a;)d their hislJFiLdl
Lust equivalviits.
The notes on pages to io to 13 fortn part of thv..%e finane.i31 statements

Canolfan Hyfforddi Coleg y Bala
Balance sheet as at 31 December 2023
2023
N'ote
Trkned assei&'
I'angble assets
89,146
86.990
Current assets
Stoek
Debtors and Prepayments
Short tenn deposits
Ca5b at bank and in hand
2,295
292
135,000
70,249
2,068
1,067
120,000
82,810
207,836
20.5,945
Creditors: amounts falling aue within one
year
Qweil tn The. Pwbyleriall Cljurch of Wales
Sundry CTeditors Ilnd accruals
49,981
5,829
48,607
3>177
55,810
51>784
Net current assets
154U26
154.161
Total assets less CUTr¢ut liabilities
¥L,172
241,151
Total funds
Tbe findncial statenjents. on pa¥es 8 to 13 were app￿￿Tea by the Board of Trustees 18 0¢toi￿r fJ024
andsigtted on its beha]t"by.
Tnkstee
TTh￿tee

Canolfan Hyfforddi Coleg y Bala
Notes to the financial statements for tlie year ended
31 December 2023
Fri￿Clpal accounting polieie.s
Ilasis of prcparatinn
The. fincinriLII 8t.2temenLq h,qie. bcen prepared on a going conLLTr bas￿, unJ¥.I IbL liibturi('.(Il r.()4l
LonTrentiun, ani] iIi IlLLurd;ITic'e witlj the applicdble accuuiitillg %taDdaEIL< iti thc United Kingdom, the
StatLnieiit of Reconitnendea Pra¢liLe IbUIiP) '.4eLoullliIig aIid Reporting b}, Charities" [effe£tl￿e i
Janiiaty 2019, FRS 102 nd in ilCC.ordance. wth the. Charitie.% .4ct 2011, ￿l￿g eonsistentl} applied
accounting policies.
Tlie fiiiancial statements al'e prepared sleiling, whiLh is tlie IiiiLLtif)ndI LUI'rellCy ol thc charit}-.
.lonetarJ amounts in these finanLial stateJnents are rounded io iiLar&4t £.
Tncomc poliL
lllCVm¥ frum donatiLTrilS les3eies is recoKnised on a receii'able b<lSiS whery there is sllffitieiit certainty
of reLeipt an(1 ()Ithe value. t]ie. incomllig iEsourte tan be measiired iiith siiffic.ipnt re.Iirqhility_ (7fd?nt
receii%blp. frftm the. prag￿te.￿an C.hurr.h i)f MTale8 are included pts itieome in the vear of re￿Ipt.
Recognition crfexpendilure
Eypenditure is accounted for on an dccfudlsbasi5.
￿￿ed assets
Tlie cost of taiigible &Ked assets the purchase cost, togetlipr Mryth ans. ine.idcntal cxpensts
acqiiisition. AsseLs (,.0.￿tIng le55 thaIi E3,000 dre nol copitalised. Fi¥ed asget5 are subseqiient]J-
recognised at net bcK)k valiie in IlL'(.'iJrdance ii'iili the. de,i)re.eiation poliry stated bcloitr.
Dp.precialion is chaiged b}" the str<iight line mcthod to ivrite down the LLlbt of die assets 10 dieir L'e5idual
valuf. iJi'eL'their &%liinated ￿tful lrfe at the fol10knii￿ rates per anniim-.
PIDpeLtyimproiTernellts
Fiiirniture, fittings <1n¢l eoiiipiTieIit
uttsi ￿Eble1c$
10%- 20%
20%
Tlic ecoiiomic usefid liN'es ancl resi(lual V<iliie ()f fLYed dS.4vis a￿ rp.i'iewp.d at the e]Jd of taeh actountinE
period.'I"bere has been no chan%e in ihe e.stimRted Iisefiil pconnmir. lii'p.g during the }'"ear.
Stock
Siock is siaLcd at tl)e lower of coqt and net realisablt iolue.
Fund ac<x)untinx
All fiiiids Trield b5, tlic Ci)Ilege are iinrcstrieted and be ii%Ed in dLLOL"dancc ws11i tlie i,.h<iritAble
nhjce.tiics at tkio disLFetion of the truste.es.
Casli floiv statement
The. Cf)Ilcge hastaken adi?ntage of the cxcmption linder FR8 102, paragraph 1.12fv), from preparins a
ftatr.mp.iit of La%h fl<)￿S on the babis that it is a qualrfjing entity and its ulti￿late pareni. Pi'&qb)teriaEL
ChurLlI ulMTdles, LIILludt) ilie LollegL s casll floiws iii its oi*T consvlid<lteol findnLidl slaleTIieiils.

Canolfan Hyfforddi Coleg y Bala
Noles to the financial statements for the year ended
31 December 2023
Prinopal accounting policies (continued)
Th&se finaneial stateme.nts MAY be obtsiued from the C1￿￿[Y secretary at Ta￿rnaCle Chapel, 81
MerthiT R()ad, Whitchureh, Cardiff, L'FI4 ￿D.
Retirement benefits
Thc Cbarirypartieipates in A definedbenefit pensioll scheme operated by its parent clwit).. l&e
Pr¢&bytelldll Church Of W'dles. The &chLD]e is accouDted for in the parent charity's aeeounts, The
contributions P<iid by thL Lbarity are accounted for as if the sebcmc w'ere a defined
contnTr)ution schetne (IS the Lharity ts unable to scparate]yidentify IL% share of the underliitig
sBets or liobilities in tbe schcmc.
Taxation
A5the ColleKe is a registered charity it ￿ entitled to certain tax cxemption5 on illc(Jme and profits from
Tnvestments, and surpluses on any trading aetivities carrked in the furtherance of the College's
Prim£2ry objeeives, if thcsc profits and sllrplL%e.s applied sole]i- for charitable puT￿$e5.
Expenditure
Course Rwsidential
staff costs
expenses
Support
osts
Other
C'osts
2022
Cour8S
Sbop eosts
Total
31,877
43,250
61,898
43,167
1,786
44.953
180,192
1,786
181,978
170,520
31,877
43)250
61,898
172>795
Audit fee£ are paid by the Presbyierian Church of W￿e8.
.Support co.fjts
202.3
2022
F1Than￿ and adt￿1￿￿StratiOll eosts
Office costs
Depreciation
21,2.52
29,130
19,33A
24,414
28,681
T2,433
Basi& Df dLIuLation
Support costs are allucated on the b￿lS of the eslitnated percentage allocation of stsff ti￿C spent
Trn thp r.haritable a?.tivil) nf ilie College.

Canolfan Hyfforddi Coleg y Bala
Notes to the financial staternents for the year ended
31 December 2023
Staff costs
2023
2022
'&iges and salaiies
Social Security costs
50,822
2,307
45,192
3,153
53,129
48,345
lThe.re M'ere no etnploye¥s ￿7th e.moliimp.ntS I2hnve. £60.oDo)12022.' nil)
2023
Number
2022
Niinber
The averago number of emplo}'ees during theyv.JT %YdS db follows.
No trustee rcceiNed aDy remunerqi tion for the oenqces tlie), proiided 4b TLikbl¥e lli eiilieI' vear.
-022.. no)nel Irii$tv.¥.s I1£1(I v.xi)eIi%p.s i)did OL M'erc reiiiibuised l(Jr expenses iii the vear. Tlie5e
wstb. ti'ei'e In¥i by the. Pi'esbyterian Church tsf Mlal(s arid ivere for trave.l And siib.%i%teiice and
totaled Lnil (0022." £nill.
Tangible assets
Furnittire,
Motor
Property
iLLinLS and
vehicles Improvemer]LS F.quipmtnt
Cost
At i J<illiiary 2n23
12,590
171,418
7411,648
Additions
13,672
L3,672
At 31 DeLember 2023
12,59
&56:640
754?320
Accumulaied Deprec￿￿￿On
At J ,IilllUdry' 2023
12,.590
Jj5,810
65'8,6.58
lJ,516
Charge for}"'v.ar
At 31 December 2023
12,590
95>944
Net bnok va]ue
4t 31 Decemhcr 2023
At 21 December 2022
t330
86,160
86,990
12

Canolfan Hyfforddi Coleg y Bala
Notes to the financial statements for the year ended
31 December 2023
Total funds
January
20{3
Totsl
"I'oial
resourcc25
expended
Bulance
31 December
2023
incoining
resources
Unrestrieted
241 151
181,
(181,978) 2
Pension costs
All prnpln}'p.ps at the colle.ge. lierp pl1￿￿]e. tn her.ome member5 of The Presbytcrian Cbur¢h of Wajes
final salary pe￿10￿ sche￿e. The scheme Wds closed tu ￿tUre accTual on Jo September 2n22. All
e￿pI0yeeS are eligible to join the Presbyterian Church of Wales defined conttibution scheme
kdtllini5tered by CushoD.
Tbe filial sa]ary bchemL provides I￿nefitS based on f￿al pensiullable pay, Ix)ntributions being
cliar8ed to thL stutement uf finunci￿1 llL'tiYities so as to spread the cost of pensions INer e.rnplove.e.s'
'orking lives itrryth the College/Pregb5terian Churcb of Trkales. Full details OI the assuEnptions and
valuation of the scheme are shOm￿ in the financial ststement4 ()f The Pre.sbyte.riatt Church of Wales.
A]1 e.mployer contriTr)ulions aTe paid h) the. PrP.8hY￿rI#Th ChuTe.h nf Wiqlp_4. C.oiitnbutTOflS to the
scbeme bj the Lollege for the year alllollnled to £llil (2021= £nill.
Related party transactions
The College is the Jouth o,bi]clrcn's traininscentre of the Pre8b￿erian ChuEeh ofWates,Taberiucle
Chapel, 81 MerthJT Road, Illhitchurch, C'ardiff, L'Fi4 IDD. The trnstee5 havr considettd the disclosure
requitEinents of the Slatetllent of Recommended Practice for Charities and eonsider that the
tnnsactions TeqDiriDg di8dosure are as follow)
the PF&sbJterian c'hU￿h of Wales has ai¥thed a grdnt of £iD.5,4.58 (2C)22: £128,768) for use
uu IKlth dnd LllPlt&l expendirure for the year, £25,(K)0 (2022: £15,000) of this wa5
prmided from the Candidates andTraining Departllientof the PresbyLerian churc.li nf W5Jlf.S',
the College has 8 debtor balance of Lnil (2022.. £285) at the yeaT-end in relation to a itdki
from the Presbyteriall chU￿b of Wales in relarion to ry)urse (x)sts.'
(lll)
the College has a credilorbalanee of £491914112022." &413,607} at the}'eai-eDd relatiollto staff
costs %i,hic.h the PresbTrterian C.hiire_h nf wale.s admini%ter8 nn it& behalf.
{iv)
o of the trustees. {202'2'. nyo) of tlie College hai."e outstanding mortg(ig£s alld loons fro
the PIE8byteiiaJi ChurLh v( Wales of £ss,3T2 {2022'. £64,024) at year end. Total inter(£t of
£1,763 [2022: £1,979) was payable to the Chllrd) in Telation to these balallces dutiDg tlie}Yar.
Thc maximum carlogn ai'ai)able is L@500 {L8>500 for the purchwc of an elcetric car) rep8yable m'era
maxiniuni pe]iod of 5 years, at an intErest rate of 3%. The car IoaDS are uDsecurcd loans. The
mortgage avai]able is £200,000 repayableovera nuxitullrn period of 30 Jears, at an iutcrestrate of 3%.
are eeriain exee.ptioixs to tliese TeIn]s i%rythin tbe wnrtga8e rules setby the Church and each ease
I￿1] be COJLsiderLxI on an individual basis."IILe mortgage isseeured by afirsteknarge asainst the p￿perty.
At the. e7e.neral A88embly in .July 21124 the. mnrtgqge. scheme was suspended (exe.e.pt for exceptiona]
LircumStaJJ￿s) uiJt31 the Ministries Departtnent considered the lleed Ior ihe bLheme.
13