Canolfan Hyfforddi Coleg y Bala (Registered Charity Number 524277) Annual Report For the Ye( ended 31 December 2024
Canolfan Hyfforddi Coleg y Bala Annual reportfvr the year ended 31 December 2024 Contents Pages KertOfthe trus Slatement of financial athiti&s Balan sheet Nottsto the fina] statements 10-J3
Canolfan Hyfforddi Coleg y Bala I£gal and administrative irformation Constitution Conolfan H)thnldi Coleg y B81a fthe CollyTh 18 an un]nry&tea organisation and a repsterti charity (No 5¥277). Trwtees The trustees of the College who were in office dnringthe year and up to the date of signing the RevNan Powell-DAvies mrH DaTrryes (&cretary) Rev Huw Powell.D8vies (Chairn} Rev Emyrmliams Mrs Glenda Davies RrGe[w RO (resigned (ktolxT 2024) Revmikewanl (resi1 31 Der 2024) Rev HuwDylan Jon Marian UoydJones (apwinkns 15 2024) Rdwx la]biaksangi (app)intl i Janukry2025} Rev H)ryvel FAward8 underthe s(Nerthec0llese, thelxxlyof [DanatsUsteeS shall u)nsist when o)mpleteof The ex officio tnLsts wmbe." the General Sthtary of The Presbyterian Church of Wales Cthe ChuLrh) duriDg his/her apIntment the Ceth Managerofcoleglkn duringhislher tennofoffi(. Thenominablmanagingtsustee3iyll]be nominatrAloneiryeachof thefollomqngfromtbe Pregbs¢erian urch of Wales. the Genernl Assembly Bcrd, the RurCeS Ikpartment and P)tics Boart the iLdLEn andyouth SulPMMI, theATration in the the knociation in the Nortb and the Independent Audltors S%vyddfa leuenctid Ffordd Ffydan Y Bala Cardiff Gate Busin Park 1123 7RY CF23 8AB Solicitors Cam]1$ So]icitor3 ILP 74 Stryd Fawr 1-5 St Davidsway 28 Worknngsttret St Davids Centre Cardiff CFIO 2DP GThynedd Ill3 7BH
Canolfan Hyfforddi Coleg y Bala Report ofthe trusteesfor the year ended 31 December 2024 The arepleased to prewlttheirannualrertndtheaud7ted financiaistatementsfrjrtheyear The financial statements Ilave been prepared on a going concern basis in eompliance with the applicable accountins standards in the United Wom inelllding the Statement of Recon)mended Prartice (SORP): Acnting and RewJrtin8 by ch8rides in preparing their Financlal Statements in &CCOTdance with the Financial Rep)rting Standard (FRS) applicable in the UK and Republic of Ireland (FIL8 102). Statu8 and objertlves The College ig a iry)uth and cbadren's {lltre oTed by The Presbyterian Church of Wales and is admi)ered as a sepNrately rystered Chlty. The pllr of the C4)llege is to arrange courses that followBibliL¥lthemesandinvolvegroupworksuch asdranja, craftand outdoorpursuit actIleS. Every asp&* of the workof &cA)llege aimeA at encoura81a t50nl faithinJeslls Christ. hadreganlto charityC4)mri0n ]danOll publiebenefit in seetion 4 of the C&arItiACt 2011. The College receives an annual srant from The Presbirterian Church of Wales to assist with salaries, runnlng costs and capitsl expenditure. The College reports to the Gener81 Assembly of The Presbyterian Church of Wales tIOll8h its R&80llrces DeparttnenL The grant receivd in 2024 was £1 (2023: £105A58). The Ill aetivityof the College (y)ntinu&s to be a residential knining centsE for chadren andyouug lpIe thIn The Presbyterian Chuttb of Walls with cour continuingto attrdct peopk fkr)m acra88 Wales andTrwnl Thekry dlOpMents, activities and achievements of tk Cnll4e a8fi)IIow5". The College has o)ntinued with its policy of eO>tig gap year studa)ts in o)niuwtiots with the CaDdidat&s and Training Ipartt of the P$bytlall Churcb of Wales. The College is baiswg WAth the Pre8byteIian thurch of Wales following tbeir CÉntre8 RevAew Panel WK)rt including the Dature of ministy and mwion with chlldren and yOUDg wJpl< noting that the College continues to be a (£ntra] and llSary resour fOrWklth chllaTen And young pIe. Di8eussionA ongoing following the decision to remove the aDnual grant atthe end of 2026, and the trustees are looking at a p)8sible CIO creation. alld looking at eMeDIcal partneLShitX8 with other simi]Ar kthia8. The LY)Ily h&8h(rtd a wide range of couThes incluthng'souled Out.. FAsterc01113es> youth COUTses and it is estimated that some 400 young people benefited from the Coleg lastyear. The hollBein Coleg y Bala 7s now empty, the mmagers have moved to their own proFrty In the town. with the hope that the Coleg house e2n be ed for n)Inistry/hi The trustees arrangingrne Maintenan andwill Create a plan once ti is ready.
Canolfan Hyfforddi Coleg y Bala Report of the trusteesfor the year ended 31 December 2024 The primary Sollr of income continued to be the annual grnnt from The PrtsbyteriAn Chutth of Wale The total income increased from £181,999 in 2023 to £212,978 in 2024. The primary reasons forthe IncaSe were anincrease in the grant from the P%bYtl&n Chureh of Wales from £105,458 in 2023 to £122,441 In 2024, togetheT with an increa8e ID course and residential fees from £44.896 in 2023 to £58.638 in 2024. During the year, the fimds of the College have been to the a)llege obieLtives. The net Incomi fimds for the year amow)tsl to £17,202 (2023: £21). The incLrase in RnLx)miDg resourn is atllb]e to the Incre in in(y)me not aEx)ve offsetting an Incre in enditU on charitsble activ1frOM £181,978iti 2023to£i95,7ffj in2024.TheTesults fortheyearareshowninthestatement The funds available for use by the College are unstrICte(L The trstets have d&emlin that the unrthLtedkn(Ls shouldkatalevd torefkntaminimumofsixmonth'worthofexpendituretoensu the flltU viabllity of the College in the elnI of unforeseen circumthnce8. At 31 DeeemFw 2024 the The tLI]Stees are satigfid that the fillanC N%ition at the yeaTrend is adequate to tn&t the on%oing requits of the Q)llegeWiththelt]Duea5llpPQrt0fThe PLYsbitsrianChurchof Wal&s. Following a re of its centre8 The Presfykrian [ch of Wales has a1 funding for thleg y Bala until the end of 202& The ttusiees undertalong a review of the CULTe risk LEWSter, and uEMlating it to the major risks to whichthe College is and its risk nement and internal control PT(wlure5 in onler to ensure that SemS are in placeto mitigats these ngks. Governanee of the &)llege thving 2024 the trllst met fourt]n& On a day ts> daybasis the G)]lege is bythe staff at thecollege wRK>liai5e d(with the trte&S when &gnifiwt matters aris Publle Benefit on public ttnefit in particuknthe guidanee on thaTities forthe advancemellt of gLO[L Date.. October 2025
Canolfan Hyfforddi Coleg y Bala Statement of trustees, responsibilities The trustees &Te restx)nsible for prepari the Trust8, Amnual Report and the financial 8tatements in ae1x>rdan( with applicable ]AW and Unit&1 Kin¥domknounting Standards (Unlted Xingdom Generally Accepted ACllnting Practice). The lawapp]ieable to charities in England and Wales wuires the trustees to prepare financi81 8tateznellts for each flnancial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of OUrCeS of the el)arity for that p70a, In preparing tho8e financ statements, the tnL8tees are requlra to: Se1 suitable aceountiDg polieies aud then apply them consistently Obser the Djethods and prineiples in the Charlties SORP. make judgments and estimates that are reasonable and prndent. state whether appli(xble aOllting stsndards, comprisiDg FBS 102, havebeen follow&l subject to any material departures di8do8ed and explained in the financial statements. and prepare the financial statements on the goiDg concernbasis unkss it 18 inappropriate to psU[e that the charity wlll continue in busine&8. The ttte& are reSnsIble for keeping proper accounting records that disclose with Teasonable accuracy at any time the financial p)sition of the charity and enable themto ensure that the finaneial statements cnmply with the Charities Act 2011, the Chatity (Accounts and Rewrts) Regulations 2008. They are a]so responsible fi)r safeguarding the a&3ets of the charity and henee for tsking Teosonable steps for the prevention and det10Th of fraud and other irregularitie& HywelIJo)ryl Davi& 21
Cano]fan Hyfforddi Coleg y Bala
Independent auditors, report to the tntee8 of
Canolfan Hufforddi Coleg y Bala
We have auditd the fillancial statements of Canolfan Hyfforddi Coles ¥ Ba]a forthe
31 Decemlw 2024 wRlltha)mpnthe Slatemeut of W]nan(2al Acttes, Ba]anc£
not&8 to thefinancial statements, inclu '
tEL and
rtingframeworkthat haSIn a
SiI[•t aeLyMmting1l(le5. The financial
ngdom Aixx)un
tion is ap
licablelaw and Unl1
Stan
102 ZheIn(ClaI
(uylthle in the UKandRepublie ofI
A(lti8 Practice).
give a lrne andfairviewof the stats ofthe eharitys affairs as at3iA [knE*r2024 and
of theclwitjls inox)ming resouTh and applition of rur(W induding its ino)me
and exwiditure, for the year then ended;
haTrE Ixen pry&r in with the rqllirents ofthe ChaTiti&sAct 2011.
We
Canolfan Hyfforddi Coleg y Bala Independent auditors, report to the trustees of Canolfan Hufforddi Coleg y Bala Wehave nottung to ryrt in resw* of the following matters in re]atAontoThthith the Charities (ALwunts and Rets) Regulations 2008 require us to reFrf)rt toyou rf, in our Opinion: the infornjation Mryththe tr1 IEwiL' or ffieient aewunti rea)rds haNE notbeen kept. or the d)wiWsfinanX statements are notin agreement withthe a0nting Telm)8 and we have nOtr1v&1all the informatK)n andexp]aDationsME rwireforouraudkL As explain rn0 fiY in thetn]stees' E f&swllsble forthe preparation of the LtIeS statement out on we 4 the tnL8tees al statements and for IIng saljsfied that they give a ttueandfAirview, andforsuehinterllal control as the tnkn determine is ne(tS5aryto enable the pwaration of financial statements that arefree from matla1 misstatemenL whether due to fraud orerror. abK.ryingthe financial statements, the tnts are re$Fole for ty to eontmlle a8 a goll¥ (y)nirrn, dwlos]n& &s apphcable. ntte LEla the charitsls and USiDg the goingix)ncernbasis of acmunting unless the trustees eldr intend to liquidate the d)arity or to wse 0ratiOnS or haNT no realislie alternativebuttodo Fn. We havelMI ap a(wrdanc£ th Killt as auditorunderwtion 45 of the Chariti&8Act 2011 and in eActand relevant regulatK)rLS made 0rhavll etTertthereunder. whole are free from material mi&statemenL whether due to fraudorem>r, andto i&que an auditorfs Tepjrt that indudesour opinioJL Reawnable &sUran is a but i8 not aguaralltre that an audit dlleted in aCwrdallwlth ISAS UK) alwa Afurtherd1ptiOD of our rnSIbilIti&s1S available on t1 FInana ReEK!T,Q)und's website aL. Iillikn../JwTr%Tri'.fr(:.Iir ' (Iiir-Ik'LirkLAii(lill:.luclil-IlTiII-J%4Ufciiire St.ii)( ]stanL(L8-and- widdnee-for-a ditors Allditors-ro>q alldjtri )tion f-audi[S-[$ 'biliti&s-lor-dudiL&% auditorfs rewL Irregukn, indudingfrau(L instsnces 0fn0n-comp]ian withlaws and atiOll& We prrthlures in line with our reswnskbilitie4 Outlin alve and on tbe uding frau(L We (btsin and utAtste ourunderstatyof the entity, its activitie4 its (x>ntrol enVIrent alld]ikely fithtre developments. induding in re]ation to thelegal gmd appIlble and how the entity is o)mpl . with that framework we identifyand as%ss the risks of rnate ' mi&8tatementGf the financial statements, Trthether due to fraudorern)r, andttrfomi aUdItpr1uyes r¢sl1veto th( and obtsin auditthudell that ts suffiaent and appropriate toprovide aE for our opinion. This dudes 0)nsera0ll ofthe ofaetsbythe entstythatWaE ntoappll(th lawts and YeatiOn& I]udingfrall nsetothe ri8k of irreguknes 8nd nOn-(X)mpli2n with laws and Tegulation
Canolfan Hyfforddi Coleg y Bala Independent auditors, report to the trustees of Canolfan Hufforddi Coleg y Bala znaterial the extent of LX)Mp]Ian withthe]aws and regulati(Ins I)SIdet0 have a dIrt on thefinancial statsments orthe operdtions of the entitythrough enquiry and o)mpliancewithapplicable ]awsand re9atio., . Perfonningaudit workoverthe riqkof managementbias and OWTide of (x)ntro]4 inc]u(bng ting ofjourn&i entriesandotheradiustn]ents for a ropriatenes% evalua1ing thebusiness Po£ause of the inherent]im1tatio% of an audiL there is a riskthatwemryll notdeteet all iTregulariti&s, 1ndu1thn8theIead]Dtr) a material misstatement in the finaniial statements or Don-complw]c¢ with reglallOn. riskincreas&s the morethat Lvm ce a lawor regulation is moVed fiDm the events andtrawctiOfLS rellecLedin the cial StateentS as we wlll IE less likely to kn)me aware of installLES of non-compliance. The risk of not deillg a material rnisstatement UltingfrOM fizud is bighertban for one resultingfiDm error, as fraud may involve a)Ilusion, forgery, intentional omission4 m]srepnlations, or the 0rrIde of internal (x>ntrol. Useofourrep)rt Thi8 rert is made sle1Ytothe chariWsttiistee4 as a IKKty, in a(Xy)Tdanwlth Part 4 of the Chajities (A(xY)unts and Re thatwe mightstate tothe ) Regulations 2008. Our audit work hasE*en undertaken 't)Is trteeS th(e n]atterswe are ula to state to thetn in an auditor's N)rtalld for no other purEKEa To the full&st extentrMittedbY law, we do not aLXEPtora&gJme rosy)nbalty to i)nyonei)therthan the ]xNJy, for ourauditworkfor thistewL orfortheopinionswe and the (knilrfs tnLStees as a VefolillL Derw limeTe C(Rut CF23 8AB Date: Jo (kb)Iw2025 AzetsAudit Services is elig1 le to act as anauditor in ternof Section 1212 of the Companies Act 2006.
Cano]fan Hyfforddi Coleg y Bala Statement of financial activities for the year ended 31 December 2024 Note 2023 Course and BAidelltial Fees Shop sales 2,184 5*000 151805 122A41 8.910 I77 l%)nations Grant from prerIan Cthurth of Wales 24,010 105A58 058 Total 4999 191,985 180.192 Costs of generdtingfunds: Shop costs 39791 4786 Totsl 195.Tr6 4978 Net iticome 179202 Total fiaSbrnUgt forwdrd 24&172 2441 Total bmds rIedfolara 258a74 244IT2 All recOgnisgaIns andlosses haVeb inclutslin the Statern of F5nanci8] Activities and the amoiints induded are derivd &Illthe contijjuing OpetiOnS of thecolleg (t 4uivalellts. The notes on w to ioto form part of these financial statements
Canolfan Hyfforddi Coleg y Bala Balance sheet as at 31 December 2024 2024 Note 2023 TaTh]e assets 79.075 Stock Debtors and Prepayments Short tenn detH)sits Cash at bankand in hand 2,295 292 ,000 70,249 298 215,000 25.238 241,669 207,836 Creditors: amounts falllng due within one Owed to The PresbyieIian Church of Wgles Sundry Credito and r[lS 49.074 18296 49981 &829 fr2a70 55,810 179,299 152026 Totsl 858ets less current liablltties 258a74 241,IT2 Total fiuMIs 258J74 241,172 The finAncial statements on pag 8 to 13 were appmvedbythe Board of Tnkn on 21 OctolKr2025 and signed on its half by: lloyd DaviesTnJstee
Canolfan Hyfforddi Coleg y Bala Notes to the financial statements for the year ended 31 December 2024 Principal aecountlng policies Conventio and in accordan with the app]1(X1e aco)unting standards in the United Killgdoy tbe Statement of Recorn Prnctice (SORP) "Aeix)unting and Reporting by Charities" (effective i JAnuary 2019, FRS 102 and in aLYordanLY with the Charities Act 20Ji. wing n8]stentlY applied aCti]I¢le5. The financial Statements a prepared in sterling. which is the funrtional CUTreney of the charity. Monetary amounts in tlwe finaneial statements are rounded to neaTest £. Income policy Incomefmmdonationsandlegacie% &8 08WI0na?ilebasjSWhellthere is 8ufficientcert8inty of TeLfiPt and of the value of the incoming rEsoun* ran be with sufficient ]iabilIty. Grants ivablefmmthe Pre8byteri8llChuffh of a]nClUd as inLX)nTr in theyearof receipt. The CCL8t of tawble fix&1 assets is the purchase co4 together with any incidentsl expenses of aquisitioL Assets costing less than £3,000 are not eapitalised Fixed a&8ets are suiwuelltty rwisd at netlxx)kvalue illa(rdan( with the depreciatioupolicy statedbelow. Depreciation cbaryed bythestraigbtlille methcKI towiitedown the L¥k8tof the a9t0 theirresidual lue overtheirestimat&lusefill ]ife at thef0llow1ngratesannllrn: 5% 10%- 20% 20% Motorvchicl The n0D)le useful li and residual Ivlue of fixed 8&8ets atthe e of eaeh a(toundng I( There has TrEeD nochaDge in the estimated USefi eix>nomic lives duringtheyear. st(kIsstaI atthe lowerof cost and net lISable Vdlu All fimds held by the College are unrestrietsl And eAn in a(WTdance with the charitsbk objectives atthe di8crthn of thetrustees Cash tlow statrment The Cdkge hastsken advdntsge of the aemp6on under FRS 102. paragrdph 1.12(b), from pteparing a statement of cash flow8 on the ba8is that it is a qualifying entity and its ultimate parent, Presbyterian Church of Wale4 indudes the G)llege's Cash flowsin itsown conlidalfjnanclaI statements. 10
Canolfan Hyfforddi Coleg y Bala Notes to the finaneial statements for the year ended 31 December 2024 Princip aceounting poliaes (continued) These financial statements may obtsined fiyjm the CEwity See at Tabernaele iThapel, 81 MerthiT Roa(L Whitchurrh, Cardiff, CFM D. The Charity parkncipates Én a defined benefit pension seheme operated by its parent thaTity. The Presbyterian Chureh Of Wales. The scheme is accounted for in the parent d]ariWs aceounts, The eontiibutions paid by the Charity Are accounted for as if the scheme We a defmed Contribution scheme as the Charlty is unable to separately identify its share of the underlying assets or liabli itie8 in the scheme. the Coll is a rewstered charity it is entitled to certain tsx exemptioL8 onineome and ptt)fits from Ants, and SU1$&5 on any trddins activiti caLTid out ill the fi]rthe of the C4)llege'8 pritnary objthw, if these profits a[ Surp1{ areapp]ied soletyforcharitable pury)ses. 2024 a023 costs Costs Cout8eS Shop oJ8ts Total 23,611 47A13 64081 56.880 3.791 191,985 3,791 195* 0.192 1,786 181?978 23.611 47?413 64,081 kndit fees 8re paid bythe Presbyterian Church of Wales. $llprt eosts 9024 2023 TrInan¢ and administration staff sts 15>741 38,269 10.0 21.252 29,130 I116 Depreciation 081 61,898 Basis of allocation Support costs are allocat on the basis of the estiD]ated percentage alltion of staff time spent on the eharitsble actiNryty ofthe College. 11
Canolfan Hyfforddi Coleg y Bala Notes to the financial statements for the year ended 31 December 2024 2024 2023 37J336 2,016 50.822 2,307 39,352 5&129 There weLEnoemployees en]Uments alJ)ve £&),000 (2023: nll) 2024 Nwnber 2023 Number No trtee recetved anyremuneration for the seTvieos they provided as Trustee in either year. No (2023: none) trustee5 had expeDW paid orwere reimbursed for expeeS in the year. Thase eosts were met by the PATsb)rterian Church of Wala8 and weTe for travel and subsistence and totaled £DII (2023: £nil). Tangible assets vehldeB Improvements EquApment Total Cost At i Jam]ary2024 1490 .640 754320 At 31 Dellber 2024 J2J590 556,640 185,090 754)320 At iJanuary 2024 556,640 95,944 10,0 665,174 10.0 Chae foryear 123590 $56,640 106.0 675>245 Net IN)ok value at31 December 2024 At 311)ecembeT 2023 89*46 89,46 12
Canolfan Hyfforddi Coleg y Bala
Notes to the financial statements for the year ended
31 December 2024
Total funds
Total
Total
2024 Incomin8 resoiirces 31 December
2024
212
Pension costs
All employees at the &)llege were eligil>le to be£ome memkrs of The Presbyterian Church of Wales
final salary pension scheme. The seheme was do$ to future aecrual on 30 September 2022. All
employees are eligible to join the PTesbyterian Church of Wales defined eontribution scheme
admini*ered by C50
The final salary scheme provides benefits on fina] pensionable P