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
Kty1￿L￿￿
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 ne￿letterS 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
Rul￿11 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.
#CreuCymruConference23
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
#CreuCymruConference23
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
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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
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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

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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 H￿t
Amy Doughty, Artistic Director- Engagement & Training, Ballet Cymru; Tonia, Dance Agent
for Change, Ballet Cymru; Louise Lloyd, Access & Inclusion, Ballet Cymru: Relaxed
Performances
13

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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 r￿e1vable
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
Ma￿h 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
2￿1
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