REGISTERED COMPANY NUMBER: 04576565 (England and Walès) REGISTERED CHARITY NUMBER: 1098606 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 FOR MENTER CAERDYDD MHA Chart8r8d Accountants and StatLrtory Auditor Elfed House Oak Tree Court Caidlff Gate Busrness Park CARDIFF CF23 8RS MENTER CAERDYDD CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDEO S APRIL 2024 Page Report ofthe Trusteès R•port of the Independent Auditors 6 10 7 Statem•nt of Flnanelal A¢tivlties Balance Sheot Cash Flow Statement 10 Notes to the Cash Flow Statement 11 Notes to the Flnanclal Stat•mènts 12 to 20 MENTER CAERDYDD REPORT OF THE TRUSTEES FOR THE YEAR ENDED S APRIL 2024 The tru$tse$, who are 81$0 dir8Ctors ol the ¢harity for the purposes of the Companie5 Act 20C*, present thelr report wilh the financial statomènts ol charity for Ihe year ended 31 March 2024. The trustees have adopted the provisions of A¢counting and Reporting by Chariti8$-. Statement of Recommended Practice applicable to charitles preparing thtrir accounts In a¢¢ordan¢g with the Fin8nCA81 Reporting Standard applicable In Ihe UK and Republle of Ireland IFRS 102} leffeclive 1 January 20191- AMBITION The Welsh language berxjming a central part of life in Cardiff. OBJECTIVES AND ACTivrriES Objectives #nd alms The obj'ect of the ¢haity 1$ to boost community educatlon and general Informalon by promoting the Welsh languag8. MISSION STATEMENT To promote and expand the soclal use of the Welsh language In Cardlff. The work of Menter Caerdydd is central lo supporting and delivering the Welsh Govemment's vision of one million Wèlsh speakers by 2050 and Cardlff Counril's slratsgy ol creating a fully bilingual city. Our work support5 the Well-being of Future Generations IWales} Act 2015 in creating a Wales that we all want to 1Svè In. now and in the future. Central lo our ambiti¢￿ is lo see Cardlff a5 a place of vitirant culturo in whlch IhB Welsh langu8g8 thrives together with 8 ¥ociety Ihal pronK)les and protects our cultuie, heritage and language. Each one of us, as p8r¢ner3, fvnders, stakeholders. volunteers and citizens, has an important contribuiKJn to make in achieving thls. STRATEGIC AIMS Promoting opportunib'es to vse th8 WeLsh language Increasing ¢onfiden¢e and improving atbludes towards the Welsh language SlrenglheninglSncre8sing the use of We15h bwthin families - Supporbng employment and training opportunitses for young people and adults through the medium of Welsh - Organising Taw to celebrate the Wetsh language and cutture Ensuiing that Menler Caerdydd has an effective digital platform for the Welsh language Partnership worknng with various bodies and organisations Action Areas Menter Caerdydd will work rn the areas to SUPPOrt Cardiff Cryjncil's Local Strategies and the Nath)nal Strategies of th8 W81sh Government: - TFIE FAMILY - CHILDREN -YOUNG PEOPLE -ADULTS - TAFWYL - THE COMMUNITY Key Performance Indicators Mont8r Caordydd's Board has agreed a range ol Key Perfom)ancg In¢Jl¢8¢ors lo halp scruitlnisa progress and measure Impact against objectives. Publlc The tsusteès ha¥e had due ragard to thè Charity Commis￿￿n$ guidance on public bèneft. Tha èntir8 work of Menter Caerdydd 15 designed for fh8 b8nafit of thè public. Th8 principal objèct is to tK)ost ccwnmunity educatlon and genero1 inlom)ation by promoting the Welsh languagè. This isdone bydellvering actiwties and events across Cardiff which are open to thè public. Thtr 8ctivibes and events provide an opportunity for pgoplè of all agas to sooaliso and enjoy themselves in a friendly and indusive environrnenl. The service is widety publ￿L￿ed and new pètsple ènr4)uiaged to lak8 part. Thèra ss an incrèasing dgmand forthe provi3K)n from the public in all parts of th8 county. Sorne of tho a¢lNrfies are fre& and when there is a need lo ch8Tge the costs are kept 88 low as po$$ible lo encourage part¢cipalion and grrfJ89omenL Page 1 MENTER CAERDYDD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2024 OBJECTIVES AND ACTIVITIES Voluntefrrs Thanks go lo the army ol volunteers who serve on Menter Caerdydd's Board and commlttees and who wod( on our numerous projects. We have over 80 volunteers who work with u5 on a broad range of servlces throughout the year and provide an invaluable contribution to the delivery of activitles pmvided by M&nter Caèrdydd across the (?ty. ACHIEVEMENT AND PERFORMANCE Charltable acti¥ltl Menter Caerdydd Provides a wide rarvJe of services through Ihe medium of Welsh In Cardlff and th• surroundlng area. An oudlne of the work can be seen on the Menter Caeidydd's website www.mentèrca8rdydd.cymru Last year was anotheT successful year for Menler Caerdydd as we eonUnued to develop our seNtce a¢ross th¢ ¢lty. An outllne of the work can be seen on Menter Caerdydds website and social medla pJatfomi$. We succeeded in ￿Ge1vIng funding from a number of departments vthhin Cardlff Councll Includlng Hay Services. the Leisure Department, Caerdydd Ddvryieithog, Educatson Department and Youth SeN¢ces. Wealso recèived funding towards our Se￿ICe$ from the Welsh Government and the Atrts Coundl ofwales. Menler CaÈrdydd L$ 8 workforco of10 staff14 full- time. 6 part-timel and 146 casual staff. This y8ar was another successful yoar for Ta￿1 In partnership with maln fvnders Cardwf Council, the Arts Council ol Wales and the We15h Govemmont as wall as morè than 60 partnèrs and sponsors. Tafi¥yl was held for the serond yeaf running in 8ute Park and drew an attendance of 36,000. Whilst being broadcast live ovèrfvn gV8ning5. The weekly out-of-school and work activities are essential in order to ensure that the communSty have OppOrtun￿e5 to use Iheir Welsh on a social level outside tha classroomlwork as well as a ch8n(* to d8v•lop nèw skills, meet new people and Ènjoy new experiences FINANCIAL REVIEW Flnanclal position The charitls results are reporled in the Statem&nt of Flnancial Aetivitles on page 8. A sum total ot£905.018 was r8cognssed as inoJme12023- £762,544) and a total of £872.811 was Included as expendllure 12023- £767,016). This gave a nel sU￿lUS of £32.20712023- net defjcil 01£24.4721. The surplus on unrestvtcl8d ILtnd$ in the year was £32,207. The total funds carried foThYard are £199,11312023 - £166.9061. after adjLtsting for fut)ds tie relevant audlt infomiatSon of which the ¢h8rit8blÈ ¢omp8nls audllors are unaware., and the twst$es havo takèn all steps Ih8t they ou9hl to have taken lo make themselves aware of any relevant audit inft)mation and lo &stablish that thè ¥udiitir5 are of that infomation. Approved by ord8r of the Boanl of TNstt•s on ... ams- Twslee Paye 5 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MENTER CAERDYDD Oplnion We have audited the flnan¢i818lal$ments of Menl&r Caèrdydd (the 'charitabfe company) for the year ended 5 Apr￿ 2024 which comprise the Slalernenl of Financial Actiwti'es, the Balance Sheet, the Cash Flow Statement and notes to th financial ststernents, in￿U￿1￿g a surnmary of signffi¢anl accounting policies. The finanaal reporting frameworf( that has been applled In their prepar8tion is 8ppli¢able law and United Kingdom Accounting Standards Iunlted Kingdom Generally Accepted Accounting Practieel. In ouropinion the financial stslements.. gtve a true and fair view of the State of the ¢harltable companvs affairs as al 5 April 2024 and of its incoming resources and applicab'on ol r8sour¢es, induding its 5n¢omts and expendrture, for the year then ended,. have been propedy prepared in accordance wth United Kingdom Generally Accepted Accounting Practice.. and have been prepared in accordance with the fequirernents of the Companles Act 2006. Basls for opinion We conducted our audit in accordawrE wllh Intemallonal Standards on Atjditlng IUKI (ISAS (UKII an¢J appllcable law. Our responsibili14.es under those Stsndards are further described in the Auditors, responsibilities for the audit of the financial stalemer*ts section ol our report. We are independent of the charitable company in accordance with the ethical requirements that are relgvanl lo our audit of the finanaal statements in the UK. including the FRC'S Ethical Standard, and we have fulfilled OLtr other ethical responsibilitie5 in accordance with these requiremerts. We believe that Ihe audlt evidence we have obtained is suff￿lent and appropriate to provide a basls for OUT opinion. Concluslons relatlng to golng COn￿M In auditing the financial slaternenls. we have concluded ihat th8 trust8as' us• of tho golng conc8m basis of aceountiNJ In the preparation of the financ￿1 statements is appropriate. Based on the Work we have perfgmied, we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charitable companys ability to continue as a going concern for a Peri￿ of at least hvelve months from when th• financial statements are authorised for issue. Our responsibilibes and the responsbilities of the Iru5tees with respect to going concern are described in the relevant sections of this report. Oth•r Infomiatlon The trustees are responsibk for th8 other informats'on. The other information comprises the informatton included in the Annual Report. other Ihan the financial statements and our Report of the Independent AuditoTr thereon. Our opIn￿n on the financial statements doe5 not cover the other inforniation and, except to the extent othervas8 èxplicltly staled in ¢JJr report, we do not express any fomi of assurance conclusion thereon. In connection ￿th our audit of the finanaal statements. our responsibillty is to read the other information and, In dolng so, consider whether the other informatKin is materialty inconsistent with the financial statements or our knO￿edge obtained In the audit orotherwise appears lo be materialty misstated. If we identify such material inconsistencies orapparent m8t8riè1 misstatements, we are fequired to delerniine whethe¥ this gives rise to a material misstalemenl in the financial stat&mnts themselves. W. based on the work we have performed, we conclude that the￿ FS a material misststement of thls olhttr SnformatKJn. we are Toqulred to report that fact. We have nothing to report in t￿S regard. Oplnlons on other matters prescrlbed by the Companles Act 2006 In our opinlon, basèd on the work undertaken in th8 coursè of thè audit: the infomiation given in the Reptsrt of the Trustees forlhe financjal yearforwhich the fina￿al statements ar8 prepated Is consistent ￿th the financial statements- and thè Report of the Trustees has been prepar•d in accordancè wth apFAieable legal requiiement5. 14qattets on whlch ￿ ar• r•quir•d to r•port by •xeeptlon In the I￿ht of the knowledge and understandlng of thè ¢haritsblè compBry and Its envlronment obtained in tho of th$ audit. we hav& not idoniifl￿ matarial misstatamants In thg Rèport of the Trustees. We have nothing lo rep(xt in ro$pe¢t of thè following rn8ttgrs wher& the Compani&s A¢t 20L% r￿uIreS us to report to yo if, in our opinion-. adequa16 8¢countin9 records havo not b¢&n kept or retum8 adequat¢ for our audit have not been re¢ewed from branches not visitgd by u$., or the financial statements arè not in agreement with the acujunling records and retums.. or certain disclosures of Iru$tg8s' remuneration specified by law are not made,. or we have not received all the informafy'on and explanations we require for our audit., or Ihe trustees were not entitled lo lake advantsge of the small companies exemphon frorn the requirement to wepare a Strategic R8POrt OT in preparing the Report of th8 Truste85. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF MENTER CAERDYDD Responsibilities of trustees As explained More fulty in the Stslement of Trustees, Responsibllliles. the tN$tee8 (who are also the directors of the charitable company for the purposes of company lawl are r8sponslbl$ for ihg preparation of the financlal statements an¢J for being satisfied that they give a true and fair vlew. and for such Intemal control as the Iruslees detemine is necessary lo #nable the preparation of financlal statements that ar& free from materfal mlssl8lem¢nl, whether due to fraud or error. In preparing the financial statements. the trustees are respon$ibleforassesslng the charitable cornpany's atlltytoeontinue as a going concem, disclosing. as applleable. matters related to golng ¢oncem and using the golng concem basls of ac￿Un￿.ng unless the trustees either intend lo liquidate the charitable company or lo ce8$9 operalN)ns. or have no realisti atternalwe but to do so. Our respon8lb511tles for the audlt of thè flnanclal stattm•nts Ourobjectives are lo obtain reasonable assurance aboutwhethèrtha financlal stslgments as a whole ar8free from material misslatemenl, whether due to fraud or error. and to issue a Report of the Ind&￿￿dent Auditors that includes our opinS0n. Reasonable assurance is a high level of a￿VranCe. but is n¢1 a guarantes that an audit conducted in accordance with ISAS {UKI will always detect a material misstatement when rt axists. Misststgments can arise from f¥aud OT error and are considered rnalerial K, individually or in the aggregate. they could reasonabty be expected to infiuence the economie decisions of user5 taken on the basis of these flnancial statements. Irregularities, ￿ClUdIng fraud, ar8 Instances of non-compllancè wlth laws and regulalons. We design pr￿lureS in linè with our responsibilities, outlined above, to dttect material misstat8ments in respect of irregularities, induding fraud. Tho specific procedures for this engagement and the ext8nt to which thesa ar$ rapable of detecting irregulaFrties, induding fraud is detailed below.. Enqulry of management, those charged with oK)Voman¢¥ around g¢lu818nd potential létigalion and daim5.' Perfomiing audit work over the risk of management overrid8 of conlro15. induding lestin9 ofjoumal entries and other adjustments for apwoprfateness. ¢valualirtg Ihs business rationale of signffj￿ant transactions outside th8 nomial course of business and rèvlèwng accounting 8stim41ès for bias Reviewng rninutes of rneetings ol those charged with govèmance,. Reviewing financial stalernent disdosures and testing to supportlThJ documentation lo asge$3 compliance wth applicable laws and regulations. Because of the inherent lirnitatbns of an audit. therè is ? risk that wè will nvl dglect all irregularities, including those leadlng to a material mis5tatemenl in the financial statements or non-complianee wulation. This risk increases the more that compliance with a law or regulatlon is removed from the fyvents and transactions ￿fl￿ctett in the financial statements. as we will be less likely to become aware of instanees of non-compliance. The risk is also greater regarding irregularitias occurring due to fraud rather thon èrror. as fr8ud involves inlentiOn81 ¢onco8lm8nl, forgery, collusion, omission or misrepresentstion. A fvrther description of our responsibllluès for fhe audll of the fin¥n¢ial ststsments is located on the Financlal Reportlng Counal's website at www.frc.org.uklauditOf5responsibillties. Thi5 description forrns part of our Report of the Indep8nd8nl Audltors. Us• of our rèport This report is made solely to th& chadlable ¢ompatys members, J8 # boty, in accord8nce with Chapter 3 ofPart 16 of Ihs Companies Act 2006. Our audit work has been undertaken 50 th81 we might state to the ¢h8ritsble companls mgmb8rs those matters we are required to state toth8m in 8n auditors. report andfor no other purpose. To thefullest extent ￿mI6ttÉd by law, w6 do not accèpt or assurne responsibilty to anyone other than the charitable con7pany and the charitable company's members as a body. for tsuraudll work. for Ihi5 Teport, or for the opinion5 we have formed. JullB Mortlmbr (Senlor Statthory Auditor) for and on bahalfof MHA Chartergd Aceountsnts and Statulory Auditor CARDIFF CF23 8RS MHA is the trading name of Maclntyre Hudson LLP. a IlmSled labllrty partnership in England and Wale5 {registered number OC3123131 Page 7 MENTER CAERDYDD STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 APRIL 2024 2024 Total fttnds 2023 Total fun(ts Unreslftcted fund Restrlcted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 222.061 496.760 718.821 609,948 Charltablo actjvitles The enhancement of communty education and general information by promoiing the Welsh language 176.210 176.210 140.584 Inv6Stment Sncome Other incorr 2,094 7,893 2.og4 7,893 270 11,742 Tot#1 408.2 496 760 905018 EXPENDITURE ON Charitable activiti The enttancemgnl of comfflunty e¢Jucation and general Informal￿n by prornoting the Welsh language 376 051 496,760 872811 787,016 NET INCOMEIIEXPENDITUREI 32,207 32.207 124,4721 RECONCILIATION OF FUNDS Total funds brought foNaid 166.906 166,906 191,378 TOTAL FUNDS CARRIED FORWARD 199,113 199.113 166.￿6 Th& nDt•s foTm part of these financial 81atements Page 8 MENTER CAERDYDD BALANCE SHE S APRIL 2024 2024 Total lunds 2023 Total funds UnreslrKted fvnd Re$lrirtgd lunds Nolgs FIXED ASSETS Tangibl8 88$etg 14 1.614 1.614 477 CURRENT ASSETS Dgblors Cash al bank and in hand 15 110,434 175,849 101.509 211,943 90.671 228,887 286,283 105,750 392,033 319,558 CREDITORS Amunts fallin9 due wilhin one year 16 {88,784} (105,7501 1194.5341 1153.0691 NET CURRENT ASSErs 197499 197499 166.489 TOTAL ASSETS LESS CURRENT LIABILrriES 199.113 199,113 166,906 NET ASSETS 199 113 199113 FUNDS Vnrestricled funds 18 166906 TOTAL FUNDS 199113 These financial slalemenls have been prepared in accordance wtrth the provision5 applicable to charitable companies subject to the small cornpanies regime. The financAal statements were approved by the Board ofTwslees and aulhorised for issu8 on......................-...................... and were signed on ils behaw by.. JEAdam5. Trustee The notes form part of these financial statements Page 9 MENTER CAEROYDD CASH FLOW STATEMENT FOR THE YEAR ENDED S APRIL 2024 2024 2023 Note5 Cash flows from operating actlvlt1•8 Cash generated from operalions 38,600) Net cash used in operating activities 49.0941 C•sh flows from Inv•stlng aetlvltl•s Pur¢hase of tanglbla fixed assets Interest reesN8d 11.7971 2,094 270 Net cash providad by invesliTrJ 8ctNities 297 270 Change In cash and cash •quSYalgnts In thè reportlng p•rlod Cash and eash equlvalents at the boglnnlng of the r•portlng perlod 148.7971 138.3301 267.217 Cash and ¢8$lt è4uIv41•nts •t th• •nd thg reportlng p•rfod 180,090 228,887 Th& not8s fom part of thesa financlol statements Page 1CI MENTER CAERDYDD NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED S APRIL 2024 RECONCILIATION OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 N•t Incomellexpendlturel forthe reportlng perfod la$ pér th• Statement of Flnanclal ActfvitS081 Adjustments ft¥r: Depreciation charges Interest recetved Increase in debtors IncTeasBlldeGreasel in creditors 32.207 {24,4721 600 12,094) {121,2721 41.465 1.000 12701 16,1081 Nèt eash us•d In opwations 38 6001 ANALYSIS OF CHANGES IN NET FUNDS Al 614123 Cash llow At 514124 Not ¢•sh Cash at bank and in hand 228.867 228 887 180.090 Total 228,887 48.797 180,090 Thg notgs form part of these financial stslerTrgnts Pegr* 11 MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024 STATUTORY INFORMATION Mentèr Caerdydd Is a company lirnited by guarantee incorporated In Wales wffithin the United Klngdorn. The istered office Is Yr Hen Lyfrgell, The Hayes, Cardiff, CF10 1BH. Thè finanual statements arg presented in Slerfing {£). the companys functlonal curronw. and rwnded to the The3￿St pound. The principal activltie$ and n3￿re of Ihe charity's operations is to create opporbJniti&s for Walsh speakers lo use the 18ngu8g$ by supportlng the present Welsh language actlvities and to encourage and promote a communty ownership of thè Welsh language. The reporting perrod end dale is the 5 April 2024. The charity has opted to follow the Companies Act reporting within stvèn day ru18 therefore the financial statements cover the period up to the 31 March 2024. Th8 Slgnificant accounting policie5 applied in the prepaTat*Jn of fl￿e finanual statements ar8 s81 out below. These policfes have ￿en con51slently applied lo all years presented unless othermse slèted. ACCOUNTING POLICIES Basis of preparln9 the financlal sLit•monts The fjnancial statements of the charitable company. which is a public benafit entity undèr FRS 102, have been PTep8red in aC￿rdanCe wilh the Charits'es SORP IFRS 1021'AccoLtrnting and Repo￿ng by Charit1è5.' Statement of Recommended Practice applicable to charitses preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republ￿ of Ireland IFRS 102) (effective 1 January 20191,. Fin8ncial ReportiThJ Standard 102 The Financial Reporting Standard applicable in the UK and Republlc ol Irèland, and the Companles Ad 2006. Thg finanual slalements have been Prepared undw the historical cost convention. Prèparatlon of thè aceounts on a going concern basls The financial ststements have been prepared on a going concem basis, wlih the charity havlng ¢onfimMtion in plac8 frorn many ol 115 funders up to 31 March 2025. In addition. the Charlty continues to raise funds from Trusts and individuals, enabling a range of support programmes. The trustees are confident that Menter Cèerdydd will be ablè lo tsilor setvice provision in line the Iltnding avalSable and will look to obtaln addition81 futvJlThJ from other sources. As a result the trustees consider it appropriate for the financial statements to be prepared on a going con(*m basis. Income All income is recogni5ed in tlie Statement of Financlal Actlvltles once th& chatlty has ènUU¥menl to the fijnds, N is probabte Ihal the incorne wll be re￿IVed and the amount can be measured rellat￿y. This rncludes C8pitsI 9rants. l>onatlon$ and l¢gaclgs In￿rn Donations and legacies income includes donations. gifts and grdnts that provh4e corè fundlng or Ère of a general nature and is recognised where theTe is ent￿eMent. probability of receipt and thè amount can b8 measured wth sufficient reliability. Such incoma is only d￿ar1ed wh8n the donor specifi85 it musl be us8d in fulure accounting per*Jds or the donor has imposed conditions whlch must bè before the eharlty has Uncond￿0￿￿1 entidement. Income from charitable activlties Income from charitable actwitlès includ8$ inrom8 ￿C9IV8d under contract or whgrg 8nti119mgnl to grant fundlng Is subject to speufic perfomanc8 conditions. This income 15 r8ciyJnised as the ielated services are pmmdgd 8nd there is entidement, probability of wcèipt and the amount ¢an be mè8suréd with 8uffi¢ient reliab￿ty. Income is deferred when the amounts roco*v8d Are in advancg ofthe performon¢a oflhe sgryicg or e￿nI to which th&y ralata. Invastment Ineomè Investment income is r•LDgnSsèd on a rgceivab18 ba513. Page 12 continued... MENTER CAERDYDD NOTES TO THE FINANCIAL STAfEMEfvnS. ¢ontinued FOR THE YEAR ENDEfJ 5 APRIL 2024 ACCOUNTING POLICIES- eontlnuod Expendlturo Liabilities are recognised asexpenditLFre as soon as there is a legal oreonstrudive obligation committing the chartty to that expenditure, it is probable that a transfer of economlc benofits will be required in sewement and the amount of the obligation can be measured rellably. Expendlture Is a¢¢ounled for on an accruals basi5 and has been dassffied under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activiUes on 8 basis crjnsistent the use of resources. Expenditure includes any VAT which cannot be fully recov8rèd and is reported as part of the expendilure to which it relates. Charitable expenditure comprises those costs incurred by the eharity irt the delwery of its activities and services for Its beneficiaries. It includes ￿th costs thatean be allo¢atèd dirtsctlyto such activities and costs of an Indire¢t nature necessary to support them. Support costs are those costs that, whifst necessary to dellvgr an activity, do not th¢msefve$ produce or constitu the output ofthe charitable activity. This includes govèmancÈ costs wh4ch are those costs assoaaled with rneètin9 the consts'tutlonal and statutory requirements of thè d)artty and Inducse the accountsncy fee5 and costs Ilnked to the strategic management of the charity as well as a proportion of sal8ries based on an approximation of tim8 spènt in Ihis area. Tanglble flxed assets Fixed assets are Initially 18corded at CAXt. Depreciation is calculated so As to wr6te off Ihe cost ol an 8sset, less its estimate residual value over thè usefiil economic life of th• assol as follows.. Plant and equipment - 20% - 33% pg1 annum of cost Taxatlon The charity Ss exempt Irom corporatEon tax on Its charitsbjè a¢tiwlie$. Fund accountlng Un￿st11C1ed funds are available for use at the trustees, discretion for any purpose within the objects of tha eharity- Restricted funds have been re¢*￿ed ￿th stipulation from the donor 85 lo the purpose ft>rwhich they rnay be usgd. Deslgnated lunds are unrostrktad funds ¢amarkgd by thg board for particular purposes in ihe future. Transfers from unresldGt8d to mstrlct8d funds Bre when igquireil Its Support under fvnded activthes. Flnanelal Instrumènts The charity only has finan¢lal a$$ats and fln8n¢ial liabilities of a kind Ihat quality as ba$lc finandal Inslrumonls. Basic financrdl instNments ar8 Inillally rècognlsed at transaction value and subsequently measured al their settbment value. D•btors Trade debtors and othar dèbtors arg re¢ognl$od al the seluernent amount due after any trade discounts off8rod. Prepaymant ar8 valuéd at the amount PtsP85d ol any tradg di500unts due. Creditors Ciedltors are recogniseil whws lh$ charfty h#$ a Present obligation resuwing from a past event that wlll probabty rèsu￿ in th& transfar of fund$ to a third party and th8 amount due to settte the obligation can be rneasured or estimated Teli8bty. Creditors are nomialty recognised at Iheir settsement amount after allowlig for any trade di¥¢ounts dug. Pon$ion costs *nd tsth•r post￿thIremenf benefits The charit8ble company operates a defined contribution pension scheme. ContribUt￿S payable tr) thg charitable companys pension scheme are charged to the Statement of Financial Activities in the period lo which they relate. Page 13 continued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS- ¢ontSnu•d FOR THE YEAR ENDED 5 APRIL 2024 ACCOUNTING POLICIES- ¢ontlnugd Pgn$lon costs and othèr postarntlr•mont b•noIts The ¢h8rftable ¢omp8ny makes ¢ontrfbutions lo personal pensicffi s¢h8m¢s on btshalf of its employees. Conlributlons are charged lo th8 Ststemenl ol Fin8n¢ial A¢lNilws In the ￿TiOd to whi¢h th&y relate. Employ•e boneffts When employses havo rèndèred $ervits tr1 th9 cornpany, short-term employeg benefits lo which employees are entille(J art reco9nlsed at the undls¢ounte(J amount expected lo be paid in exch8ng¢ for that service. Opèrating 18as•s Rentals applicable to opèrating lease$ wheft substantially all of the ben&fits and rf3k$ of ownershlp remain w the lessor are ehargèd against prtsfits on 4 straight line basis tsver the period of the lease. DONATIONS AND LEGACIES 2024 2023 Don81ions Grants Sponsorship 1,576 643.496 941 566,357 42,69) 718,821 609,948 Grants rec8i¥ed, included in the above, are as follows= 2024 2023 Llwdraeth CymTU- Grnnt hATan Cyinraeg 2050 Cyngor Sir Caerdy¢Jd - Granl Chwarae Cyngor Sir Caerdydd- Grant Gweithga¥eddau Gwyliau Cyngor Sir CaeTdydd- GRnl OedoEion Cyngor Sir Caerdydd- Grant Hamdden Cyngor Sir Caerdydd- Grant Gofal Plant Cyngor Celfyddydau Cymru- Ta￿1 Arts and Bu5iness- T8hvyl Urdd Gobaith Cymru- Grant leuenctid For Carctiif- Ta￿1 Cronfa Gari- Tahvyl The British Council - Tafvryl Menlrau laith Cymru Y Loteri G8nedlaelhol- Henoed Cyngor Sir Caerdydd- Haf o Hwyl Mentrau laith Cymru- Haf o Y Loteri Genedlaethol- Ta￿1 Ashley Foundation Cyngor SIT Caerdydd - Ta Ty Cgrdd - Ta￿5 Assisted Places Grant- Pasg CPC- Bursary 191,736 106,595 30,000 25,000 15,000 32,954 50,000 6,350 38,000 5,000 1,700 27,000 500 27,533 204,605 96,410 30,000 15.000 15.000 32.9S4 50,000 7.500 38.000 4,000 18.000 1,500 26,388 5.000 12.000 10,000 10,0(KI 6.000 60,000 3,000 5,928 643.496 566,357 Page 14 eonttnuetj... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS- contTrnued FOR THE YEAR ENDED 5 APRIL 2024 INVESTMENT INCOME 2024 2023 Deposit 8ecLwnt intèrest 270 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Fee income 176210 176.210 140,584 The only tharilable actiwty is the enhancement of Community education and gènèral information by promoting the Welsh Language. OTHER INCOME 2024 2023 Reimbursement of e051$ Christmas event al C8$lle Goch Recoiding ènd broadc451ing fve for Tafv￿1 Run 4 Wales- Cardiff Flalf Marathon Perfornian Other 4.717 1.600 5,300 3,850 1,200 343 125 7.893 11,742 CHARITABLE ACTIVITIES COSTS Direct Cosls (se8 note 81 Support costs (see note 9) Total$ The enhancement ofcommunity educatson and general infomalion by promoting the Welsh language 613472 872,811 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Activities Play schemes Ta￿1 Clubs and children's dLtbs Depreciation 274,731 75,273 70,023 368,534 24,311 600 251.089 64,872 86,190 321,116 19,050 1.0(KJ 8f3,472 743 317 Page 15 continued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED S APRIL 2024 SUPPORT COSTS 2024 2023 Rent, ral8$ 8nd w8ter Insurani Telephone Computer costs Printing, postage and stationery Sundries Management and administration Travel and subsistenc¢ Professional costs Equipment hire and maintenance Govemance wsts 14,567 2,158 6,736 4,739 11,261 2,499 4,333 3.019 927 788 2,219 2,935 1,416 10,102 1.579 5.808 5,279 2,648 9,799 4,920 Total $upport costs 59,339 43,699 10. NET INCOMEIIEXPENOITUREI Nel Incomel{expend¢turel is stsled after char9ingllcredttingl'. 2024 2023 ALKlitors' r6mufièralion Depreciation - owned assets Operating leases- other assets 4.920 6CM) 2,913 4.200 1.000 2.736 11. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, femuneraiion oroth¢r benefits forthe year ended 5 April 2024 or for the yaarended S April 2023. Trustees. expenses There weft no trustees. expenses paid forthe year ended 5 April 2024 or forthe yeai ended 5 April 2023. 12. STAFF COSTS 2024 2023 Salarie8 StirAal security Pension contributions 312,509 21.228 17,742 294,358 19,725 16.647 351,479 330 730 The charty employs 6 ftjll-llme and 6 part-time stsff {2023. 6 full-time and 6 part-time staffj and 84 casual staff. No employee eamed more than £60,000 per annum12023.' NIL). The total key mana9émènl personnel remuneration benefits paid during the year wa$ £66,91712023.. £61.716). Page 16 ¢x)ntinued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS- ¢ontIn￿d FOR THE YEAR ENDED 5 APRIL 2024 13. COMPARATNES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre51rfcled fund Restricted funds Total fvnds INCOME AND ENDOWMENTS FROM Donations and legacies 157,696 452.252 609,948 Charltabl• aetFvltl•s The enhancement of communlty education and general Snfom)ation by piomoling the WeLsh language 140,584 140,584 Invèstmenl income Other Sncome 270 270 11.742 Totsl 452 2S2 EXPENDITURE ON Charltable actlvitles The enhanc8ment of community gducalon and general inlomiation by P￿MOtI￿9 the Welsh language 308,252 478 764 787,016 NET INCOMEIIEXPENDITUREI 2,040 126.5121 124,4721 RECONCILIATION OF FUNDS Totsl funds brought ftsrward 164.866 26,512 191,378 TOTAL FUNDS CARRIED FORWARD 166 906 166906 TANG18LE FIXED ASSETS Plant and machinery COST Al 6 April 2023 Additions 10.682 At 5 April 2024 12.479 DEPRECIATION Al 6 April 2023 Chargg lor yeai 10,265 600 At 5 April 2024 10.865 NET BOOK VALUE At 5 April 2024 1,614 Al 5 April 2023 417 Page 17 conlnued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS ry egntlnu•d FOR THE YEAR ENDED 5 APRIL 2024 15. DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Other debto Prepaymen15 and accrued In￿rne 108.967 102,97 2,422 211.943 90,671 16. CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade creditors Social security and other taxes Other creditors Accruals and deferred incom8 5.766 8,687 3,188 178.893 25,816 6.412 5,404 115,437 153,069 Includèd within a￿￿01$ and deferred incomo 8btsve L% thtr follohwng deferred Incorne.. 2024 2023 Deferred incomè brought lo￿ard Released to SOFA AddIt￿nal ineome delerred in thè ￿ar 93,113 173,1131 123.917 197.9171 152.645 99.113 Thè deferred income rÈl810s ts> fvnding rs¢e4ved in alfvan￿ of service delivery. 17. LEASING AGREEMENTS Minimum1¥8se p8ymtrnts under non-carKell8bl$ operating leases fall due as follows.. 2024 2023 wrthln on• year B&tween and five ye8r8 2.665 2,384 14.752 18. MOVEMENT IN FUNDS Net movement in funds Al 514124 At 814123 Unrostrlctod funds General fund 166.906 32.207 199.113 TOTAL FUNDS 166.906 32.207 199,113 Page 18 contlnued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS. contintRd FOR THE YEAR ENDED S APRIL 2024 18. MOVEMENT IN FUNDS- contlnuod Net nwjvemenl In fund5, included In the above Bre as follows: In¢omlng resoLtr¢e$ Resources expended Movement In fijnds Unrestrlcted funds General fund 408.258 1376,051) 32.207 R9strIct￿ funds Tafvryl Care Play Holiday ac￿vill8S Welsh medium youth servKes Gweithgareddau Henoed Gwansanaethau Dysgvryr 220,050 40,082 146,595 30.000 32.000 27,533 500 1220,0501 140,0821 1146,5951 130,0001 132,0001 {27,5331 496 760 496 760 TOTAL FUNDS 905.018 872.8111 32,207 coM￿ratIv*S for moY•rn•nt In fund$ Net rnovement in funds At 514123 Al 814122 Unrestriet•d funds Gener81 fvnd 164.866 2.040 166,906 Restricted fvnds T8fwyl 26,512 {26,512} TOTAL FUNDS 191.378 24.4721 166.906 ComparatNe nel movement in funds. in¢￿dad In tha abovè are 8s follows: Incomlng resources Rèsources èxpènded Movement in funds UnrestrScted funds General lund 310.292 {308.2521 2.040 Rèstrlct•d funds Tafvryl Care Play Holiday acts'vitlès Welsh medium youth servicès Gwèithgareddau Henoed Surnmer of Fun 181,500 32,954 126.410 30,000 38,000 26,386 1208.012 132,9541 1126,4101 130,0001 138,0001 126.3881 126.512) 452,252 478.764 26.512 TOTAL FUNDS 762.544 787,016) 24.4ni ge19 continued... MENTER CAERDYDD NOTES TO THE FINANCIAL STATEMENTS- conttnued FOR THE YEAR ENDED S APRIL 2024 18. MOVEMENT IN FUNDS - eontinuèd RestrF¢ted funds Ta￿1 . TaWI restricted ftrnd r&pres&nts all restricted fvnding received in relation lo Tafivyl fe31Nal that is held annually in JunelJuly. Income received is m#de up ot restricted grants. Care. ￿ndIng received from Cardiff County C¢)unul for Care programmes run by Menter Cagrdydd atyoss Cardiff. Play - funding received from Cardiff County Countyl for play programmes run by Menler Caerdydd across Cardrff. Holiday activities . funding received from Cardirfcounty Council for language support programmes run by Menter Caertydd across Cardiff durln9 s¢hooJ holidays. Welsh medium youth seNl¢o9- funding re¢eNed from Urdd Gobaith Cymru to run Welsh medium youth serV￿eS across Cardiff. Gweithgareddau H8noed - funding re¢efv¢d from the Na¢ional Lottery for programmes for thg elderfy wn by Menler Caerdydd. Gwansanaethau Dysgwyr- funding WOVKlod by Menlrau lailh Cymru lo host a local quiz in Wélsh Djn by Menter C8erdydd. Pri¢Y y¢ar onty LeiSU￿- funding receNed from Caidiff County Counul for leisure programmes run by Menter Caerdyd¢J and the Sports Department of Urdd Gobaith Cymru across CaFdiff. Surnm•r of Fun - funding received duang the year Mentrau lalth Cymru and Cardift County Council lo support costs of Summer ol Fun arts'vities. 19. EMPLOYEE BENEFIT OBLIGATIONS The charily operates a defined conlrtbution pension scheme. The assets of th6 scheme arg held Separately from those of the charity in rndependently administered funds. The penS￿n cost eharge reprÈsents wntributions paid by the chaiity to the fund and amounted10£17,74212023.. £16.6471. Contributions owed allhe yearend amounted to £2,65412023'. £2,648). RELATED PARTY DISCLOSURES The￿ were no related paty transadions that required disdosure in the year ended S Aprll 2024. Page 20