Company registration number: 05125340 Charity registration number: 1135304 Creu Cymru Limited IA company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 March 2024
Contents Chair's Report Trustees, Report 3-19 Independent Examiner's Report 20 Statement of Financial Activities 21 Balance Sheet 22 Notes to the Flnancial statements 2ty36
Creu Cymru Umlted Chalrfs Report It has been a dynamlc and rewarding year for Creu Cymru, filled with important achievements and significant strides towards our mission of enhancing the perfomiing arts landscape across Wales. This year, we continued to advocate for our sector. support our members, and expand the reach and impact of Welsh arts in challenging times. Sector Advocacy and Rewesentatlon We remain committed to representing the interests of the Welsh performing arts sector in discussions wrth policymakers, including the Welsh Government and Arts Council of Wales. Our team has actively partlclpated in multiple high-level forums and presented evidence to Senedd Committees. These efforts ensure that the unique challenges and opportunities of our sector are well understood and addressed at all levels of 8overnance. Membership Growth and Engagement Membership has seen robust grovrth, reaching 70 member5, each contributing to a vibrant network that fosters collaboration and innovation. Through our capacity-buildin8 projects and advocacy initiatives, members gain access to crltlcal resources, industry connections, and opportunities for strategic partnershlps. The third year of our new membership model has seen a small growth in members, a positive sign, especially considering the ever-mountin8 financial challenges for venues, producers and individuals allke. We do continue to find it dlfflcult to gather the necessary data from the membership to help make the right case for support with The Arts Council of Wales and Welsh Government. This is, In the most part, due to many member organlsatlons beln8 under resourced and/or not havlng the data readily avallable to share, and we are aware that we need to flnd ways of Improving this into the future. Events and Training Our events calendar has been instrumental In connecting and educatin8 our community. Notable hi8hli8hts include the Annual Conference held in Treorchy, which hosted impactful keynote speeches and member showcases, reinforcing our collective goals. The Conference received excellent feedback, reflecting the success of our sessions and networking opportunltles, Addltionally, our tailored training programmes, such as the Extending Reach, Deepening Engo9ement initiative, funded by the Arts Council of Wales, have proven Invaluable for members. These programmes equip leaders with essentSal skllls and innovative strategies to en8a8e more meaningf ully with their communities. Dlverslty, Incluslon, and Accesslblllty We are proud of our ongoing commitment to inclusivity. Our management, on behalf of the Arts Council of Wales. of the Hynt national access scheme supports over 32.000 cardholders, ensuring broader access to the arts. This yearfs Hynt Symposium provided members with expert guidance on accessibility in performance, showcasing our dedication to inclusivity. As the UK wide plans continue to gather pace, we aim to ensure Creu Cymru can offer the learning and expertise 8ained over almost 10 years of delivering the Welsh specific scheme. Furthermore, collaborations such as our anti-racism efforts with Race Council Cymru underscore our commltment to a diverse and eouitable arts sector.
Creu Cymru Umlted Chalrfs Report Lookln£ Fonward We entered the 2024125 financial year as new Arts Council of Wales Multi Year Funded Organisation, followSn8 our successful application as part Df the Investment Review. As we move into the coming year, we remain focused on our mission to fortify the Welsh performing arts sector. We will continue to support our members in navigatin8 evolving industry challenges, fostering a resilient, Inclusive, and vibrant network for Wales, arts community. The team continue to deliver at a high level, and myself and fellow trustees are pleased with the level of Informatlon made available to us both at full board meetings, and via our two subcommittees. In closing, l extend my gratitude to our Board, Members, and all our partners who contrlbute to Creu Cymru's ongoing success. Together, we are buildin8 a stronger future for the arts in Wales.
Creu Cymru Limited Trustees, Report Creu Cymru 2023124 Annual Report Our sector faced some huge challenges during the year including ACW Investment Reviews, budget cuts and the cost of living crisis. Theatres, freelancers and producing companies around Wales continued to present, produce and create outstanding work and support their local communities. We supported members and the wider sector with tralnlng, bursaries, networking opportunitles, advocacy and research. We were thrilled to see the outcome of the hynt impact report, clearly showing the benefit of this groundbreaking scheme for both participants and members. I'm grateful to members who renewed thelr membership this year and to those who have newly Joined us. As a member-led organisatlon I'm always open to feedback and thoughts on how we can Improve your membership offer so please do get In touch, Huge thanks as always to the team - Yvonne, Megan and all the freelance staff who we've worked with this year and to our fantastic Board of Trustees. There are excitlng plans In the years to come. I look forward to working wSth you on these projects and supporting you all to enhance the performing arts sector in Wales. Loulse Miles-Payne, Director Creu Cymru champlons Wales, vlbrant sector of performing arts,. connecting people, audlences and communities. Our membership forms a collaborative network; with a strengthened and unified voice that we project and advocate on behalf of to public governing bodies. ensuring vital industry representation and influencing positive change. Creu Cymru supports venues, companies and individuals in pro8resslve growth strategies. Our curated visits and bursary opportunities, specialist training and resources develop the collective skills and experience of our creative workforces. This ensures that programming across the sector continues to evolve with a focus on equality, relevance and inclusion for new and diverse audiences. Our Vlslon / To be a vibrant and leading network of performlng arts professlonals from across Wales. This network will further develop and promote the value and recognition of the importance of the arts to communities by connecting people, championing of ideas. the growth of leadership and by developing a diverse and engaged membership. EMBERSHIP Membership continues to grow with 70 members around Wales.
Creu Cymru Llmlted Trustees, Report 2023124 Members A location map Creu ofour members Cymru P•*y47 lynt Kty1L lTr•cp RWCMD n•rOu DIJ TWy4111 What we offer for members Creu Cymru membership helps US to create a vibrant and resilient performing arts sector in Wales. Membership is open to any Wales based professional organisation or individual whose principal purpose is producin8, presenting or curating performin8 arts. In addition, we have an Associate level of membership which is open to Wales based professional or8anisations working within the theatre or dance sector in a supporting or strategic capacity that can also support the mission of Creu Cymru but whose principal purpose is not producingi presenting or curating performing arts work. Creu Cymru benefits are available to access by any member of staff from partner organisatlons. Our members were provided with: Access to skills. knowledge and the confidence to improve individual and organisation practice and advocacy. Strong connections in a national network. Direct access to programmers and programming opportunities. Support from a respected and valued aQthority. Wlth a robust and digestible performing arts sector knowledge base. The ability to inf luence the influencers. Tallored trainlng and development opportunities, which are high quality and heavily subsidised for Creu Cymru Members. Annual Conference inviting industry leaders to present, share learning and provoke practice and platform for members to showcase their own projects and expertise.
Creu Cymru Limited Trustees. Report Advocacy: Representing the Welsh Performing Arts Sector to the Welsh Government, Arts Council of Wales and other stakeholders and pollcymakers. Ongoing communication, information and advice services and online resources. A range of ¢apaclty bulldlng projects Re8ular sector wide opportunities to network Membershlp Meetlngs- A range of networking meetings 5ooking at Collaborative projects, information sharing and networking. Our AGM which is an opportunity to network, feedback on our work and listen to Industry leaders. Hynt - Hynt is the national access Scheme and is an ACW initlative that Creu Cymru manages on their behalf. Thls includes training, advice, and an annual Symposium. Curated vlslted and bursarles- providing Opportunities for members to see work, attend training courses, festivals - which will benefit the public that attends their organisation. Membershlp fees frozen for the 3rd year in a row, We represent Wales across the UK at industry meetings and political engagements. We offer advice from our staff on issues and problems. If we can't help, we will put you in contact with someone who can. Opportunities to promot• your work and job vacancies. Subsldlsed Edinbur8h accommodation and support whilst you are there. Two monthly neletterS full of industry news, offers and touring infonnation. Input into 8overnment consultatlon responses and sector surveys, We offer advlce from our staff on issues and problems. If we can't help, we will put you in contact with someone who can. 'Membership to Hynt is not included as part of the membershlp but does provide access to resources and the Hynt Symposium. MEETINGS AND EVEKrs We run a range of Gapacity building and netwarking events and meetings to sult a variety of roles and responsibilities withln the membership. Role Speclflc (twice a year. online) Technical l Operations MarketSng ènd Communlcations To support staff in those roles, share knowledge and best practlce. Thls also helped us Identify training needs amongst members. Annual Conference and AGM (once a year, in person? A networking and thought engaging event to connect members and discuss toplcs of interest. Member Area Speciflc (twice a year, online} Venue meeting Producers meeting This gave us a space to discuss the different needs of members depending on whether they are a producing company orvenue. Hynt Symposium (once 3 year, in person) To share best practice for hynt venues members, hearlng from experts, members, those with lived experience.
Creu Cymru Llmlted Trustee5' Report OTHER MEETINGS We ran a series of ad hoc meetings respondingto member needs, themes in the sector and priority areas such as EDI and Sustainability. Investment Review Open Clrcle open to all {members and non-members) who submitted applications as part of the ACW Investment Review process. The meetings acted as information sharing sessions and support and advice post application outcome. Cllmate Crisi5 and the Arts We partnered with National Theatre Wales, The Riverfront and Aberystwyth Arts Centre on 3 SU5tainability events lookin8 at how the sector is tackling the climate crisis. Member Advlsory Panel As a member led organisation the oplnion and feedback from our members is vital for us to develop and create programme streams and actlvltles. The Member Advlsory Panel helped the team with activlty and focusses for themes. Race Councll Cymru l Antl Raclsm In the Arts We partnered with Race Council Cymru and held 3 meetings looking at Anti Raclsm In the Arts as part of RCC Reverse Mentoring Pro8ramme, funded by Welsh Government. Martyn's Law I Protect Duty We ran a session in partnership with South Wales Police and UK Theatre on the new Protect Duty, Informlng members about the new law and what they need to do in order to prepare for It. Welsh Language Members Meetlng We Introduced a meetlng specifically for members looklng at improvlng thelr work through the Welsh language focuslng on touring, programming and staffSn8. In 2023/24- 85 members attended 14 meetlngs. ANNUAL CONFERENCE The 2023 Creu Cymru Conference was sponsored by Ticketsolve and the Audience Agency. It took th place on the 9 May at the Park and Dare Theatre, Treorchy. The Creu Cymru Conference aimed to bring toEether professionals working across the performing arts in Wales. The Conference was an opportunity to network, connect and learn. This yearfs Conference was filled with with energising conversations about opportunities focussing on the audlences we serve and the staff we need to fulfil those needs.
Creu Cymru Llmlted Trustees. Report Questions posed during the Conference were; What do audlences look Ilke How can we help during the cost of Ilvin8 trlsls? What does the audlence of tomorrow want? Do we have staff and su Speakers Included.. Nancy Modln• Hoa¢h•r MaSLland 18 Ll K•¢y A•ln•$ C•pl Wllllams Llsa 8axtop LDIAII CaJs1• Raln• and Anna Ehn¢ld-Davallov Anrtharad Jon•• L••f• Rahlm El Haba¢h5 St•rran Dafydd Rha Hlra Apayal aFin¢r Guy O'Donn•ll Da¥Sd Mary-Ja Rul11 d• St•vg Dlmmlek Styl Ch•lJty Glllar*l
Creu Cymru Llmlted Trustees, Report Poet Rha Hlra Arayal and artist Steffan Dafydd were present throughout the day and gathered their thoughts and to present us with some post Conference creative feedback. We used a local supplier for caterin8 and to supply a vegetarian buffet only in line with susL3inable practices and objectives. There were 83 attendin8, thavs including staff. speakers and panel. Feedback Soclal Media Conference Feedbadt Aled Lloyd-@AledLloydRees Fantastic and enlightening discussion from @pipacampaign #CreuCymruConference23 @theatrS010 are proud members of PIPA. Such a great campai8n that supports staff and freelancers In the performing arts sector @creucymru Aled Lloyd- AledLloydRees Representing @theatrlolo & @tya_cymru at @creucymru #CreuCymruConference23 Lush being back in a room wlth colleagues, edrych ymlaen I weld phawb @RCTtheatres Steve Dlmmick @thedlmmlck Great to be here at the @Creucymru Annual Conference. Gonna be sharing an idea called #See4Free targeting support us workers in the performin8 arts space to let us see more theatre performances.
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Tlcketsolve @tlcketsolvers Nlck Is at Treorchy's Park and Dare Theatre today wlth @Creucymru fortheir Annual Conference meetlng with lots of delegates and sitting in on great sessions and panel discussionsl
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The Audience Agency @audienceagents We are deli8hted to be partner sponsoring @Creucymru 's annual conference taking place at Park & Dare Theatre today. #CreuCymruConference23 #Conference #Wales #Arts #Culture @RCTtheatres @Chris_Francey Tlcketsolve tlcketsolvers What a fantastic day at the Creu Cymru Conference in Treorchyl So grateful for the opportunity to connect with so many brilliant dele8ate5 and learn from inspiring speakers. Thanks to @Creucymru for putting on such as wonderful eventl #CreuCymruConference23 Katy Ralne5 @kawalnes Here at #CreuCymruConference23 to talk all things Audience {of course). With @Creucymru RCT Theatres @RCTtheatres Welcoming arts sector colleagues to the @Creucymru annual conference in the Park & Dare Theatre today! #CreuCymruConference23
Creu Cymru Llmlted Trustees, Report Parents & Carers In Performlng Arts @PlPACampai8n Absolute privilege to be presenting at #CreuCymruConference23 and learning about some of the brilliant initiatives and productions taking place across #Wales. Thank you for @Creucymru for having us. PARTNERSHIPS We work with a variety of partners to deliver our seNices for members: Federation of Scottish Theatre WCklA Theatre Nl Event Wales- Arts and Culture Group UK Theatre Creative Wales Arts Council of Wales Cultural Freelancers Wales Welsh Government Bectu Music13ns Union Cultural and Creatlve Skills house CIISA Icreative Industry Independent Deryn Standards Authority) CommunityLeisure UK National Youth Arts Wales Theatres Trust UWSTD Articulture PIPA (Parents and Careers in Perforrnin8 Arts) Oiverse Cymru Off ice of the Future Generations in Wales ADVOCACY FOR THE ARTS SECTOR Our staff, board and members have been interviewed about issues faclng the sector and based on campaigns we have created. We have been featured in the Western Mail, WM Maga21ne, BBC One Wales News, ITV Wales News, The Stage, Arts Professional, S4C, Golwg, BBC Radio Wales Arts Show and Breakfast Show, Arts Scene in Wales and Get the Chance. We have represented members at regular meetings with Welsh Government. Thls resulted in: Informatlon passed directly from WG to members. Lobbyingfor further financial support. Belng consulted on new Event Wales stratebry We've consulted on the development of the Welsh Government's Culture strate and facilitated a session with Creu Cymru members. We've also consulted with them on matter5 relating to the Climate Crisis and Digital Transformation. Louise also presènted evidence to Culture, Communications, Welsh Language, Sport and Internation31 Relations Committee as part of its one-day inquiry into the impact of Covid on the arts and the creative industries.
Creu Cymru Llmlted Trustees, Report We partnered with Cultural and Creative Skills to host a stand at the Careers Wales Creative Pathways event in Cardiff. The event saw over 3,000 young people attend. We talked to them about the breadth of careers available in the performing arts sector. Louise also spoke at a careers event organised by USWTD. UK WIDE SEcfoR1SSUES PROJEcrs We have attended round table meetings with DCMS, the All-Party Parliamentary Group for Theatre and our Director, Louise, slts on the UK Theatre Board ensuring the voice of the sector In Wales is represented. As part of her Board role. she sits on the UK Theatre Awards Steering Group, Touring Conference Steering Group and the Board Workin8 Group to cover policy, data and research. Loulse attended The All-Party Parliamentary Group IAPPGI for Theatre focuslng on International touring. She discussed the impact of Brexit on the ability to tour beyond the UK for Welsh members and the challenges of budget cuts are also having in this area. Louise is a partner on the Theatre Database, project. Led by Theatres Trust, the aim of this project is to create a user-friendly and comprehensive database that is useful to theatre operators, producers, local authority plannlng and culture departments, heritage researchers, and cultural policy makers. It will ensure we have high-quality up-to-date information on the health of the UK'S theatres which will both gulde our strategic priorities and support our advocacy. The Welsh Affairs Committee launched an inquiry into Wales, tourism sector and how the UK government can help promote Wales as a global tourist destination. Louise presented evidence at the Welsh Affairs Committee's inquiry into Wales as a global tourist destination. They discussed issues around marketing- Poor marketing is an issue that prevents Wales from being consistentlv offered as a hollday destination, transport infrastructure- the poor road network in Wales makes it difflcult for Internatlonal tourists to travel to some locations and tour operators - some tour operators do not conslstently offer Wales as a holiday destination. CIISA Louise joined the CIISA {Creative Industries Independent Standards Authority) working group, ensuring that the messages and vital information is shared in Wales. ExfERNAL CONFERENCES Louise attended the Theatres Trust Conference at the Lyric, Hammersmith, the Theatres at Risk Launch and the UK Theatre Touring Symposium. COMMUNICATIONS We send out a monthly members newsletter and a monthly programming newsletter with potential touring product. io
Creu Cymru Llmlted Trustees, Report We run a private Facebook group where rnembers can ask questions and share knowledge / problems. We regularly update our social media accounts on Linkedln, Instagram and Twitter. OTHER As part of the WCVA Walter Dickie Bursary that Louise was awarded she recorded a third sector leadership Podcast series with follow bursary winner Steve Swindon from TAPE Community Music and Film. TRAINING Extendlng Reach, Deepenlng Engagement Funded by Arts Council of Wales Delivered by Lisa Baxter, the Experience Buslness A free-to-access strategic development opportunity for arts leaders who want to better, and more meaningfully. engage with the people and communities they serve. This virtual programme, developed and facilitated by Lisa Baxter, conslsted of seven virtual seminars of up to 2 hours in length. between May and July, together with 1-2-1 sessions. The programme included: Fresh frameworks and processes Depth.charge conversation starters Group discussions Case studies Guest speakers Thought pieces and journallng Exerclses to share with colleagues Our evaluatlon reveals participants found ERDE extremely relevant, useful and positively challenging. It encouraged them to question existin8 practice, re-engage with what community engagement is and does. and in doing so, clarify their strategic objectives. In doing so, they more fully appreciate the potential for change. As an 'ideas-based' programme, there wa5 no requirement to produce a strategy. Instead, partlcipants were Invlted to share their how ERDE has influenced their thinking and intentions during the plenary sesslon, which revealed signif icant shifts in their perspectives and horizons. There Is appetite from the cohort to contlnue the programme in some way, both for themselves, and for others in the sector. There is a section in the report which covers this in more detail, "l emperted Llsa would encourage our reflectlve learnlng Journeys sklltullyi but I dldn't antlclpate the 5tren8th of passion for enBa8ement that proved both motivatlon and inspirational." Jen Anghdrad- Artis Community "I belleve that every leader or member of a management team In an arts organlsatlon should take ad¥3nta8e of thi5 Opportunity to truly refled, be vulnerablc and question the way they operate. There is no saler pair ol hands than L15GI'S to guide you through it- she Is provokingi rèdlcal and a true leader. and I feel privileged to have been In a posltlon to work wlth heT." Naomi Saunders - Galleri "My one sadness Is that thls wasn't In place before the Investrnent revlew pro¢ess as I feel so many of the Of8an15ations Ilncludlng my ownl would have benefitted hugely trom the learnlnl olfered. and would have been able ta artltulate bluer, more impartful plans In their applicatlons. This Is testarnent to how powÈrful the course was." li
Creu Cymru LSmlted Trustees, Report Chelsey Gillard - Torch Theatre "ERDE cème at exartly the riiht tlme for Anthem. As a young organlsatlon, It has glven us space for some deep thinkin8 about what our next steps should be . Running an arts or8•ni5ation In 2023 is like trying to swim the channel wearln8 all the clothes from your wwrdfobe. Usa helped us get out ol the water, make a plan for our swim, get rld of our ba88age and start thlnklng carefully aboul what we artually needed to meet the challenge." Rhian Hutchings- Anthem "Just a qulck note to thank you foT the ERDE course you ran. I found It challen8lni In a good wav• nsplratlonal, iolle8late and fun. It was iood to meet other arts prartltloners and mana8ers that I hadn't met before and I feel a lot more confldent . Hopln8 that the course wlll run aialn. We need thls stuff I" Michael Harvey - Freelance "I have taken a lot from the course and wlll contlnue to connecl wlth everyone and hear your volce In my mlnd. I really feel Ilke some thln8s have realS£ned for me ihal are ol a huge beneflt lor understandln8 whai soclal value Is and how I can help contrlbute to It. Thanks lor your tlme and energy.. Nicola Edwards- Awen Cultural Trusr "I found ERDE Insi8htful. Inlerestlng and slrnply brllllant, upbeat. engailnz. Inlormatlve, relevant nd the case studies superb ... Game-chan8in81" Sue Davies- Mllford Haven Museum SIX week Wellbeln8 Programme We ran a free online Wellbeing Programme aimed at those working in the arts sector It ran every week for 6 weeks, every Thursday 10-11am. We covered 'Understandlng Wellbeing,, 'Becomlng Reslllent., 'Stress and Anxiety,, 'Self-care', Boosting Your Confidence, and 'Creating Your Wellbein8 Toolklt,, 7 particlpants from across Wales took part. On Demand Tralnlng On Demand traininB videos (supported by the Foyle Foundation}. The aim of the project was to create on demand training videos that members can watch in thelr own time, either as a team or individually, whatever suits working patterns and learning. The videos acted an introductory training to longer more in-depth live trainln8 in the future. Topics include: 'Intro to Customer Service, with Tansy Rogerson, Armadlllo Events 'A warm welcome to audiences with additional needs, with Hijinx 'Anti Racist Terminology. with Everyday Racism 'Intro to self-care. with Beam Training 'Overcoming Worrying, with Beam Trainin8 'Boosting Creativiv with Beam Tralning Free onlone courses for members (small chargefor non-members) Allyship in the workplace Know your bias BURSARIES We provided bursaries to member5 to attend CPD opportunities includlng.. the AMA Conference, AMA Digital Marketing Day and AMA Inclusivity Dav. 12
Creu Cymru Limited Trustees. Report HYNT With over 32,000 hynt cardholders at the end of March 2024, appllcatlons continue to be around 300-500 per month. Member Venues l. Aberystwyth Arts Centre 2. Awen Trust- Blaengarw Workmen's Hall 3. Awen Trust- Maesteg Town Hall 4. Awen Trust- Munl Arts Centre 5. Awen Trust- Porthcawl Grand Pavilion 6. Awen Trust-The Met 7. BBC Hoddinott Hall 8. Blackwood Miners Institute 9. Borough Theatre 10. Carmarthenshire Theatres- Ffvlrnes 11. Carmarthenshire Theatres- Lyric 12. Carmarthenshire Theatres- Miners Ammanford 13. Chapter Arts Centre 14. Congress Theatre 15. Galerl 16. Gwyn Hall 17. ICC Wales 18. Neuadd Dwyfor 19. Newbrid8e Memo 20. Park & Dare Theatre 42. Venue Cymru 43. Wales Millennium Centre 21. The Coliseum 22. Pontardawe Arts Centre 23. Pontio 24. Princess Royal Theatre 25, RWCMD 26. Sherman Theatre 27. St David's Hall 28, Swansea Arena 29. Swansea Council- Brangwyn Hall 30. Swansea Council- Dylan Thomas Centre 31. Swansea Council-swansea Grand Theatre 32. Taliesin Arts Centre 33. The Hafren 34. The Welfare Hall 35. Theatr Brycheiniog 36. Theatr Clwyd 37. Theatr Colwyn 38. Theatr Felinfach 39. Theatr Mwldan 40. Torch Theatre 41. Ucheldre Centre Associate Members l. Little Wander 2. Cardiff Castle Christmas Festival 3. Margam Park 4. National Museums Wales Hynt Symposium In June 2023, we held the 22-23 Symposium at Carmarthenshire Theatres. Ffwrnes in Llanelll. Speakers: Sara Beer (Ramps Cymru), Tafsila Khan (Taking Flight Theatre), Nick Stevenson (Ticketsolve), Maria O'meara (Wales Millennium Centrel, Paul Hunt (Mencap Cymrul, and Kai Jones (Gig Buddie5 Cymru). In March 2024, we held the 23-24 Symposium at the Riverfront Arts Centre in Newport. Content: Introduction and updates from MM about Ht Amy Doughty, Artistic Director- Engagement & Training, Ballet Cymru; Tonia, Dance Agent for Change, Ballet Cymru; Louise Lloyd, Access & Inclusion, Ballet Cymru: Relaxed Performances 13
Creu Cymru Umlted Trustees, Report Sarah Asante-Gre80ryI HlJlnx'. NAWA (Neurodiversity and Antl-Racism In Welsh Arts) projert update Andrew Miller, UK Access Champion for Arts: All In presentation and Q&A Panel on BSL interpretation of live performances including.. Anthony Evans IBSL interpreter). Krystal Lowe, choreographer Ion BSL interpretation and integration on Swyn & Whimsy), Steph Bailey-scott, Participation Access & Inclusion Officer, Taking Flight (also worked on Swyn & Whimsy); Rachel Fryer, General Manager, Theatr na nog Ire. Y Fenyw Mewn Dul. Feedback from the Symposlum: Ifound it really helpful and alreody hove ideos on how we con opprooch BSL performances differently. Just a word of thonks for making oll the access orrangementS todoy Meoan, much opprecioted, ond we really enjoyed the Q&A with your highly informed audiencel ..gratefulfor the opportunity to address your members. Met someone at Brecon recently who was there and hos storted moking sure they Include the name of the interpreter on their website - worth Itllyll The Stage Awards Hynt was shortlisted as Community Project of the Year 2023 at The Stage Awards. Creu Cymru staff attended the awards ceremony at Theatre Royal Drury Lane, London whlch was a valuable networking opportunlty. It was also a posltlve soclal medla news item to celebrate all that Creu Cymru and Hynt have achleved recently. Hynt Impact Report Independently researched and written by Abigail Tweed, director of Milestone Tweed, and Mark Richard50n, director of Social Impact Consulting, funded by Arts Council England, the Hynt Impact Report was published on 6, November 2023 on the Arts Council of Wales website. The report was received warmly by the sector and stakeholders. Press reception was positive and news of the All In scheme launch around the same time mentioned Hynt and the report heavily so coverage was national. The circulation of the report also prompted several organlsations and indlvlduals to contact Hynt for meetings or phone conversations about projects. ideas and issues. This included Stephan Stockton at the New Theatre and Tony Evans, BSL interpreter. The recommendatlons made in the report are feedlng into the priorities and development of Hynt. Breaklng the Box Hynt was a partner on Breaking the Box, a pan-wales partnership funded by the Arts Council of Wales Connect and Flourish project on which Taking Flight Theatre Company were the lead applicant. The other partners include Disability Arts Cymru and venue partners were Theatrau Sir Gar, RCT Theatres and Pontio. 14
Creu Cymru Limited Trustee5' Report An away day took place on 24 January 2024 at Blaengarw Workmen's Hall. part of Awen Trust who are the newest venue to join the project. This enabled us to learn from the first round and plan for the future. Flnanclal review These accounts cover the year to 31 March 202 and represent the company's thirteenth year as a reglstered charity. The year has agaln been one where the company ha5 been at the centre of a range of funded project actlvities focussed on the continuing improvement of the facilities and resources available to, and offered by, the professional presentin8 sector in Wales, furthering the relationships and partnerships with producers and Independent artists, and supporting the continuing professional development opportunities for those employed in the sector. Grant income during the year was £117,539- ACW- Hynt- £45,205 ACW Strategic Grant- £51,500 ERDE2 - £19,584 WCVA- £1,250 The results for the year were an unrestricted deficit of £l,S67 and a break even result on restricted funds. At 31 March 2024 the charity carried forward a balance of £123,077 comprising: General Funds £22,146 Designated Fund5 £87,050 Restricted Funds £13,881 Pollcy on reserves The charity's formal reserves policy is to hold 3 months st3ffin8 Costs in reserve, this equates to £27,407. The free reserves held are £22,065. We reallse that the amount currently in reserves does not cover the 3 months staffing costs, but we are looking to rectify this during the year 2024-25. Investmentpollryand objectlves Under its Memorandum and Articles of Association the company has a range of powers to invest its funds. At the end of the year the company had no investments other than monies held in interest earnlng accounts at HS8C Bank. Objectlves and actlvltles Public benefit The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales, 15
Creu Cymru Ilmlted Trustees, Report Reference and Admlnlstratlve Detalls Charity Registration Number,. 1135304 Company Registration Number: 05125340 The charity is incorporated in Wales. Registered Off5ce', Severn House Ha2ell Drive Newport South Wales NPIO 8FY Independent Examiner: HSJ Audit Limlted Severn House Hazell Drive Newport South Wales NPIO 8FY Accountants: HSJ Accountants Ltd Severn House Hazell Drive Newport South Wales NPIO BFY Trustees and officers The trustees and officers serving durlng the year and since the year end were as follows: Trustees: J A Nicholson S Mckay (3ppointed 28 February 20241 S Horner G H Styles (appointed 28 February 2024} G Zandersona H A Jones-Leefe M L Goddard (appointed 20 June 2023] 16
Creu Cymru Umlted Trustees, Report L T Evans-Ford D R Wilson L Amery (resigned 28 September 2023) G Mitchell Iresigned 28 February 20241 Structure, governance and management Nature oAgovernlno document Creu Cymru Limited is a registered charity and a company limited by guarantee. It was Incorporated In May 2004 and became a reglstered charity on 30 March 2010. It is governed by its Mernorandum and Articles of Association. Recrultment and appolntment oltrustees Recruitment and appointment of directors: Nominations of DSrectors will be discussed and approved by the 8oard of Management ITrusteesl. Directors shall be appointed to stand for three years With the opportunity to stand for a further period of three years. Trustee5 shall be appointed to stand for three years wlth the opportunlty to stand for a further perlod of three years. They are not then eligible to stand agaln for a periad of one year. The number of Trustees shall not be less than three nor, unt51 otherwise determined by a General Meeting, more than 12. At least three quarters of the Trustees appointed should be Members, unless otherwise determined by a General Meeting. We will hold a minimum of four Board meetings per year. In addition, there will be meetings of the Board subgroups and working groups. We will hold Annual General Meetlng In addition to any other meetings In that year and shall specify the meetlng as such in the notice calling It; and not more than fifteen months shall elapse between the date of one AGM of the Company and that of the next. The AGM shall be held at such time and place as the Trustees shall appoint. We will continue to diversify the board to include representation from the expanded membership, freelancers and ensuring there is representation from a diverse 8roup of people on the board. We will carry out an annual skills and diversity audlt of board members and make sure we are addre55ing any gaps through recruitment. We will develop an exit strategy and board recruitment plan for the board members who will be coming to the end of their time on the board. We are members of WCVA and continue to work on best practice when it comes to Governance. Policies will be reviewed in line with their renewal dates and key policies will be available on our website (Equalityt Diversity and Inclusion, Welsh Language and Environmental and Sustainability). 17
Creu Cymru Llmited Trustees. Report Indurtion and traininq oftrnstees Induction and training of truslees., All new trustees received a Trustees Job Description document and are required to fill in a Register of Interest form. Funding can be made available for trustees to attend training courses if required. Arrongementsfvrsettlng key managementpersonnel remunerntion Pay Policy for Key Management Personnel: The trustees and the Chief Executive Offlcer comprise the key management personnel of the charlty and are In char8e of directing and controlling the charlty. All trustees give their time freely and no trustee received remuneratlon in the year. Details of trustee's expenses, key management personnel and related parties are disclosed in the notes to the accounts. The Chlef Executive Officers pay, and staff pay, are aligned with market rates. Orqonisationolstrtsrture The charity is managed by Its Bcard of Trustees. The day-to-day activities are delegated to the Chief Executive Officer and the staff. Staff Roles Director IFIT) The Director has overall responslblllty for the organisation, Dperations, leading on advocacy and representing the membership and sector across a range of forums. The Director also works on the development of new projects and serwices to support Creu Cymru's overall objectives and needs of the membership. Administrator (FIT) The Administrator supports the Directorwith administrative duties including arranging meetings, dlary management, Board meetings and minutes and website updates. They also help wlth the coordination of training events, annual conference, and AGM. The role also includes assistin8 the Dlrertor In flnance and f undraising. Project Adrninistrator (FIT The Project Administrator leads on the delivery and development of hynt, maintaining relationships with hynt venues and associates, project partners, and stakeholders, while supporting hynt cardholders and Deaf, disabled, and neurodlverse audiences. They coordinate training and an annual symposium with a focus on access. They also support other Creu Cymru projects. 18
Creu Cymru Llmfted Trustees, Report Statement ot Trustees, Responslbllltles The trustees (who are also the directors of Creu Cymru Limited for the purposes of company law) are responsible for preparing the trustees, report and the financial statements in accordance with the United Kingdom AccountSng Standards Iunited Kingdom Generally Accepted Accounting Practice) and applicable law and regulatlons. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statement5 unless they are satisfied that they 8ive a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resour$. including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: select suitable accounting pollcies and apply them consistentlyi observe the methods and prlnclples In the Charltles 50RP,' make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financlal statements on the 8oin8 concern basls unless It Is Inapproprlate to presume that the charitable company will continue in business. The trustees are responsible for keeplng adequate accounting records that are sufficlent to show and explain the charitable company's transactions and dlsclose wlth reasonable accuracy at any time the flnancial position of the charltable cgmpany and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguardin8 the assets of the charlt3ble company and hence for taking reasonable steps for the prevention and detection of fraud and other Irregularlties. s}1..*..3nd signed on its The annual report was approved by the trustees of the charity on.... behalf by: L T Evan5 -Ford Trustee 19
Creu Cymru Llmlted Independent Examlnerfs Report to the trustees of Creu Cymru Limlted I, the Companf) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilltles and basls of report As the charlty's trustee5 of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2006 Act,). Having satisfled myself that the accounts of Creu Cymru Limited 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 examlnation of your charitvs 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 Commlssion under section 145{5)Ib) of the 2Qll Act. Independent examinerfs statement I have completed my examination. I conflrm that no matters have come to my attention in connection with the examination giving me cause to believe: l. accounting records were not kept in respect of Creu Cymru Llmlted as requlred by sectlon 386 of the 2006 Act; or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements of section 396 of the 21x16 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 4. 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 lapplicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable In the UK and Republic of Ireland (FRS 1021]. 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. Mr Andrew Hill FCCAACA DChA BFP Severn House Ha2ell Drive Newport South Wales NPIO 8FY 1011212024 20
Creu Cymru Llmlted Statement of financlal Actlvltles for the Year Ended 31 March 20241Includln8 Income and Expenditure Account and Statement of Total Reco8nised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Note Income and Endowments from: Charitable activities 46,455 79,819 341 71,084 117,539 79,819 341 Other tradin8 activities Investment intome Total income 126,615 71,084 197,699 Expendlture on: Charitable actlvitSes 1139,569) 159,6971 (199,2661 Total expenditure 1139,569) 159,6971 (199,2661 Net {expenditure}/lncome Transfers between funds 112,954) 11,387 11,387 {11,3871 (1,567) Net movement in funds 11,5671 11,5671 Reconclllatlon of funds Total funds brought forward 110,763 13,881 124,644 Total funds carried forward 15 109,196 Unrestricted fvnds 13,881 Restricted funds 123,077 Totsl 2023 Note Income and Endowments from: Charitable activities other trading activities Investment income 64,395 69,843 78 84,718 149,113 69,843 78 Total income 134,316 84,718 219,034 Expendlture on: Charitable activitles {106,761 175,593) 1182,3541 Total expenditure {106,7611 175,5931 {182,3541 Net Income 27,555 9,125 36,680 Net movement in funds 27,555 9,125 36,680 Reconciliation of funds Total funds brought fonvard 83,208 4,756 87,964 Total funds carried forward 15 110,763 13,881 124,644 All of the charlty's activities derive from contlnuln8 operatlons durlngthe abovetwo periods. The fvnds breakdown for 2023 is shown in note 15. 21
Creu Cymru Limited (Re8lstratlon number: 05125340) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets li 81 328 Current assets Debtors Cash at bank and in hand 12 47,068 146,769 193,837 54,802 162,323 217,125 13 Creditors: Amounts falllng due wlthln one year 14 (70,8411 (92,809) Net current assets 122,996 124,316 Net assets 123,077 124,644 Funds of the charlty: Restrirted income funds Restricted funds 13,881 13,881 Vnre5trlcted Income funds Desi8nated funds Unrestricted funds 87,050 22,146 100,387 10,376 Total funds 15 123,077 124,644 For the financial year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Dlrectors, responsibilities: The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476,. and The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accountln8 records and the preparation of accounts. The financial statements on pages 7 to 21 were approved by the trustee5, and authorised for issue on £.)tthi&?¥ &4,. nd signed on their behalf bv: L T Evans-Ford Trustee 22
Creu Cymru Llmlted Notes to the flnanclal statements for the Year Ended 31 March 2024 I Charity status The ¢harlty is limited by guarantee, incorporated in Wales, and consequently does not have share capital, Each of the trustee5 is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquldatlon. The address of its registered office is: Severn House Hazell Drive Newport South Wales NP108FY These financial statementswere authorised for issue by the trustees on 20 November 2024. 2 Accountlng pollcies Summary of significant accountln8 pollcies and key accountin8 estimates The principal accounting policies applied in the preparatSon of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwlse stated. Statement of compliance The financial statements have been prepared in accordance with Accounting and Reportin8 bv Charities: Statement of Recommended Practice (applicable to charities preparin8 their accounts in accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland {FRS 10211 li5sued In October 20191- (Charities SORP IFRS 1021), the Financial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 and the Companies Act 2006. Basis of preparatlon The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest£. The financlal statements have been prepared under the hlstorlcal cost conventlon. The prlnclpal accounting pollcles adopted are set out below. Golng concern At the time of approving the financial statements, thetrustees have a reasDn3ble expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. Exemptlon from preparing a cash flow statement The charity opted to early adopt Bulletin I published on 2 February 2016 and have therefore not included a cash flow statement in these fin2nci31 statements. 23
Creu Cymru Limited Notes to the financlal statements for the Year Ended 31 March 2024 Judgements In the applicatlon of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptlons are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisionsto accountlng estimates are recognised in the period Sn which the estimate is revised where the revision affects onlv that period, or in the period of the revision and future periods where the revision affects both current and future periods. Income and endowments Income is recognised when the charity is legally entitled to It after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income wlll be received. Gronts re1vable Voluntary income is received by way of grants, donations and gifts and Is included in full in the statement of Financial Activities when receivable. Grants, where entltlement Is not condltlonal. on the delivery of a specific performance by the organisation, are recognised when the charity becomes uncpnditionally entitled to the grant. Defvrredlncome Deferred income represents amounts received for future perlods and is released to incoming resource5 in the period for which, it has been received. Such income is only deferred when. - The donor Specifies that the grant or donation must only be used In future accounting periods; or The donor has imposed conditions which must be met before the charlty has unconditional entitlement. Other tradlng artlvltles Membership income is included in the year in which it Is receivable, Investment Income Dividends are recognised once the dividend has been declared and notificatlon has been received of the dividend due. Expendlture Expenditure is Tecognised when a liability is incurred and Is accounted for net of VAT. Charltoble aclivities Charltable expenditure comprises those costs Incurred by the charity in the delivery of its activities and servlces for its benef iciaries. It includes both costs that can be allocated dlrectly to such actNities and those costs of an indirect nature necessary to support them. 24
Creu Cymru Limited Notes to the financial statemerrts for the Year Ended 31 March 2024 Governance costs include those costs associated with meeting the constitution and statutory requirements of the charity and include audit fees and costs Ilnked to the strategic management of the charity. Support costs are those functions that 3SSlSt the work of the charity but do not directly undertake charitable activitles. Other expendlture The cost of any unused holiday entitlement 15 recognised in the period in which the employee's services are received. Termination beneflts are recognlsed Immedlately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. Taxatlon The charity Is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore It meets the definltion of a charitable company for UK corporation tax purposes. Accordingly, the charity Is potentlally exempt from taxation in respert of incorne or capltal galns recelved within cate8ories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Sectlon 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applled exclusively to charitable purposes. Tangible flxed assets Tangible fixed assets are Initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impalrment105ses. Depreclatlon and amortlsatlon Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected usef ul economic life as follows: Assèt class Offlce equlpment Computer equipment DeprecFation method and rate 25% on reducing balance per annum 25% on cost per annum Impalrment of flxed assets At each reportin8 end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment1055. If anv such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss {if any). Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investrnents with ori8inal maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 25
Creu Cymru Umlted Notes to the financial statements for the Year Ended 31 March 2024 Fund strurture Unrestricted funds - these are the funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - comprise fund5 whSch have been set aside at the discretion of the trustees for specific purposes, The purposes and uses of the deslgnated funds are set out in the notes to the financial statements. Restricted funds- these are funds that can only be used for a particular restricted purpose within the obJects of the charitable company. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Penslons and other post retlrement obllgatlons Payments to defined contribution retirement benefit schemes are char8ed as an expense as they fall due. Flnanclal Instruments Clo5slJlcatlon The charity has elected to apply the provisions of Section Il'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance shèet when the charlty becomes partyto the contractual provisions of the instrument. Financial a55ets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the a55et and settle the liability simultaneously. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are dlscharEed or cancelled. Recoqnltlon ond rneosurement 8asic financial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactlon costs and are subsequently carried at amortised cost uslng the effectlve interest method unless the arrangement constitutes a financin8 transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classlfied as receivable within one year are not amortised. Derecognition of financial assets Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the charity transfers the financial asset and substantially all the risks and rewards of ownershipto another entity, or if some significant risks and rewards of ownership are retalned but control of the asset has transferred to another party that is able to sell the asset in Its entlrety to an unrelated thlrd party. 26
Creu Cymru Llmlted Notes to the financlal ststements for the Year Ended 31 March 2024 Basic f inancial liabilities Basic financial Ilabllities, including credltors and bank loans are inltlally recognised 3t transaction price unless the arrangement const5tutes a financing transaction, where the debt instrument IS measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment Is due within one year or less, Sf not, they are presented as non-current liabllltles. Trade credltors are recognised inltially at transaction price and subsequently measured at amortised cost using the effective interest method. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through profit or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiarie5 and associates are measured at cost less impairment. For Investments In subsidlaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premlum 5s ignored. Derivatlveflnancial instruments The charlty uses derivative financial Instruments to reduce exposure to foreign exchange risk and Interest rate movements. The charity does not hold or issue derivatlve financial instruments for speculative purposes. Derivatrves are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to their fair value at each reporting date. The resulting gain or loss is Tecognised In statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in statement of flnancial activities depends on the nature af the hedge relationship. 3 Income from charltable artivltles Unrestrlcted funds Oesl8nated General Restrlrted funds Totsl 2024 Arts Council Wales- Hynt Strateglc Grant 23 ERDE2 45,205 45,205 51,500 19,584 1,250 117,539 51.5CK) 19.584 WCVA 1.250 1,250 45.205 71,084 27
Creu Cymru Limited Notes to the financial statements fof the Year Ended 31 March 2024 Unrestrfcted fund5 Designated Restricted funds Total 2023 Arts Council Wales- Hynt Arts Council Wales- Extending Reach Arts Councll Wales- Stabilisation Award Arts Council Wales- Director Post 40,028 40,028 8,940 55,330 4,483 14,715 1,250 8,940 55,330 4,483 14,715 1,250 Foyle Foundation WCVA Contributions and reimbursements li 4 Income from other tradln8 actlvltles Unrestrlrted funds Deslgnated General Total funds Total 2023 Events Income; Conferences and slmilar events Membership subscriptions 669 29,791 3,40S 45,954 4,074 75,745 79,819 69,843 69,843 5 Investrnent income Unrestrlcted funds General Total 2024 Totsl 2023 Interest recelvable and similar income; Interest receivable on bank deposits 341 341 28
Ln o otho i4) ¢m w
Creu Cymru Lirnited Notes to the flnancial statement5 for the Year Ended 31 March 2024 7 Analysis of governance and support costs Support costs allocated to charitable actlvltles Informatlon Admlnlstratl technology on costs Total 2024 Total 2023 Basls of allocatlon Theatre & Arts Centre Development Basls of allocatlon Reference A- 100% of associated expenditure 8 Trustees remun•ratlon and expenses No trustees, nor any persons connected with them, have received any remuneration from the chailtv during the year, No trustees have received any relrnbursed expenses or any other benefits from the charlty during the year. 9 Staff costs The aggregate payroll costs were as follows,, 2024 2023 Staff costs durlng the year were: Wages and salaries Soclal security costs Pension costs 100,461 5,097 4,072 109,630 89,058 9,554 3,721 102,333 The monthly average number of person51including senior rnanagement / leadership team) employed by the charity during the year expressed as full time equivalents was as follows: 2024 2023 Average monthly employees No employee received emolurnents of more than £60,000 during the year, 10 Taxatlon The charity is a registered charity and is therefore exempt from taxation. 31
Creu Cymru Llmlted Notesto the financlal statements for the Year Ended 31 March 2024 11 Tanglble flxed a55ets Furnlture and equipment Total At l April 2023 3.431 3,431 At 31 March 2024 3,431 3.431 Depreclatlon At l April 2023 Charge for the year 3,103 247 3,103 247 At 31 March 2024 3,350 3,350 Net book value At 31 March 2024 81 81 At 31 March 2023 328 328 12 D•btors 2024 2023 Trade debtors 45,109 54,667 135 Prepayments 13 Cash and Cash equlvalents 2024 2023 Cash at bank 146 769 162 32
Creu Cymru Limited Notes to the financial statement5 for the Year Ended 31 March 2024 14 Creditors: amounts falllng due wlthln one year 2024 2023 Trade creditors Other taxation and social security VAT grant repayable Other creditors Accruals Deferred income 12,955 2,404 4,830 1,073 4,535 7,453 3,085 8,797 592 4,309 15 Funds Balance at I Incomlng April 2023 resources Resources expended Balance at 31 Mah 2024 Transfers Unrestrlrted fvnd5 General Unrectrlcted funds 10,376 50,950 150,567) 11,387 22,146 De51qnoted Redundancy Fund Hynt Cards Hynt Hynt Impart Report 18,OC 9,149 53,619 19,619 l(K),387 18,OCKI 14,756 S4,294 28,000 47,665 122,393) (45,918) {20,691) {89,0021 11,072) 1,072 75,665 87,OSO Total unrestrlrted funds 110,763 126,615 (139,569) 11.387 109,196 Restricted funds Arts Council Wales- CPD Dance Across Wales Strategic Grant 23 Foyle Foundation Sharlng Together Arts Council Wales- Extending Reach ERDE2 2.693 21x1 2,693 2QM) 51,500 151.500) 6,245 1,863 6,245 1,863 2,880 1240) 17,957) 159,697) 240 {11,627) 111,387) 2,880 19,584 71,084 13,881 13,881 Total funds 197 699 199 266 123 077 33
Creu Cymru Umited Notes to the financial statements for the Year Ended 31 March 2024 Balance at I Incoming Aprll 2022 resources Resources expended Balance at 31 March 2023 Transfers Vnrestrftted funds Geneml Unrectricted funds 28,294 37,399 153,3171 12,0001 10,376 Desiqnoted Redundancy Fund Hynt Cards Hynt Hynt Impact Report 16.olxi 1.909 37.005 18,000 9,149 53,619 19,619 100,387 22,407 42,390 32,120 96,917 115,167) 125,7761 (12,5011 (53,4441 54,914 2,0(M) Total unrestrlcted funds 83,208 134,316 1106,761) 110,763 Restricted funds Arts Councll Wales - CPD Dance Across Wales Arts Council W31es- Stabilisation Award Foyle Foundatlon SharlngTogether Arts Council Wales- Extending Reach WCVA Artscouncil Wales- New director funding 2,693 21 2,693 21 55,330 14,715 {55,3301 18,470) 6,245 1,863 1,863 8,940 1,250 {6,060 {1,2501 2,880 4,483 84,718 14,4831 (75,5931 4,756 13,881 Total funds 219 034 124,644
Creu Cymru Umlted Notes to the flnanclal statements for the Year Ended 31 March 21J24 The specific purposes for which the funds are to be applied are as follows: ACW Presenters CPD: A rolling programme of activities and events improvingthe knowledge, skills and experlence of theatre professionals in presenting sector. This includes artform consortia events, Go & See Scheme, bespoke training and producer/presenter events. Dance Across Wales is a projert to help six theatres develop their dance programme and audiences bv providing subsidised performance fees and marketing and outreach support. Each theatre can select two piece5 from the National Rural Touring Forum's Dance Menu which comprises extant mid-scale dance works which have been re-choreo8raphed for performance on the rural tourin8 networks in England, Scotland and Wales. Other organisations enBaged in this initiative are The Place and China Plate. Participating theatres are Theatr Colwyn, The Ucheldre Centre, Neuadd Dwyfor, The Welfare, Ammanford Miners and Pare and Dare. ACW Resilience Fund The funding received to support the recruitment of a new Director with fundin8 also being provided tOW3rds salary costs of the new Director for a period of two years. The funding relating to the salary costs has been deferred and will be released over two financial years. ACW Cultural Recovery Fund specifically to assist the charity through the COVID 19 pandemic. ACW Director Post was to fund the recruitment and cost of the new Director post. Moondance Foundation funding wa5 towards the administrator's salary, ACW Sharing together funding was to hold a series of conversations, which we called Culture Cafes, around the topic of the Cultural Contract. The Cultural Contract was developed by Welsh Government to be used by organisations in receipt of publlc fundin8 to be accountlng around key areas such as Fair Work, Dlverslty, Health and Environmental Sustainablllty. ACW Stabili53tion Award funding was towards salary costs. Foyle Foundatlon funding was towards a digital professional development scheme to aid the performin8 arts sector in Wales. WCVA fundlng was towards salary costs. ACW Extending Reach funding was to devise, manage and deliver a free-to-access strate8lC development opportunity for arts leaders who want to better, and more meaningfullyi engage with the people and communities they serve. 16 Analy515 of net assets between fvnds Total funds at 31 March 2024 Unrestrlcted fund5 General Designated Restrlrted funds Tangible fixed assets Current assets Current liabilities .81 81 92,906 {70,841) 87,050 13,881 193,837 170,8411 Total net assets 22,146 87,050 13,881 123,077 35
Creu Cymru Llmlted Notes to the flnanclal statements for the Year Ended 31 March 2024 Total funds at 31 March 2023 Unrestrlcted funds General Designated Restrlcted funds Tangible fixed assets Current assets Current liabilities 328 328 102,857 192,809) 100,387 13,881 217,125 192.8091 Total net assets 10,376 100,387 13,881 124,644 36