CImTonY rLgistratiun Truin". 1151 •5340 Chirity rtgisuati(In 11353 Creu Cymru Limited IA LN)rnpany limitLd by Annual Re and Fillanci Sthtsnents ftsr the Year nded 31 March 2025
Creu Cymru Limited Contents Trtsets. l 1()4 Independeni Ixainincr's Report STal¢m¢lll of Finart¥ial A¢iiYiiies 6107 Balance Shcet Noi¢s io Ihe Finan¢i#l Siaiwnenl gLo2U
Creu Cymrn Limited Trustees, Report ThL 1Thtee5. Mtho arc dircriors tor PurFs of company law. thL' annual Tctmm iogL*hcr with rh¥ fillan¥ial stal¢ffl¢nts uf the Lhantablc Lvrnr&lY fvr thc ycar Thd¢d i l Mah ?025 Referen¢¢ xnd AdrnlnistrAtive Detsl Charity Rcgisttation Nurnt%r= 1135304 Company Regi%lraiion NUrnr= 05125340 Thc rhan.ty 1% incorw)r8ied in Wale5. Regisiered urrKe'. se<M Hou H¢11 Drii"e N¢ Souih Walcs NPIO 8FY Accouniant%'. HSJ AccourÉiaRts L Sevem House IlaJ£ll Dnvc NeMpoTT South Wa1¢5 NPIO 8FY Trustees oflken ThL afid win¥ durin¥ thL' yLar siiK¥ ttK' uxl wcrL follows." TnLsIc¢8: S Mckav S Homer G H Sivlc5 H A JDnes-L¢efe IA L (ioddard L T E%'ans-Ford D R Wilsun J C Barry (apInIt 18 June ?0241 Pagc I
Creu Cymru Limited Trn$tees' Report Structure, governxntt And mnagernmi Cr¢u Cymw Litniled i& 3 regi¢.[1 Lharit) dnd a (x)EWV ljmiled by guardlltei. li was illLDrporaled in Mily ?4 and i)ccam¢ 3 regiqtered eharirj. 30 March 2010. It ts govcmul by its Mcmotsndwn and Arti¢lc% of Aswcio110n. RecrwilJiieRI Rituiim¢ni and tjw)intmLlI( of dirLtor5.' Nominaiion5 of DirLXiOfS will disLU5s¥xI dnd by IhL Lloard ot. Managemcni ITru%iccsl. Directors shall bc appointcd lo stsnd for thrcc ycar5 wilh the 14wnunity I tal for a furthir p¢ri1 of thrcc ycars. Trustccs shall bc aptKbinicd io alld for three y(2rs ivith thc 0pl1ty 10 5tsrtd for a furthcr Fai(Ml of thrcc ycaT.4. Thcy arc noi ihcn cligiblc io stand aga¥n for a PrTi1 of ortc year. The number ofTrusiees shall noi be less than thrte Iullil oiherwise demiitd by a Genevdl Medinb. more than 12. Ai leasi thi¢e 4uartm uf th¢ TTU¢e5 #pInted slwld be Mthnber& unl¢ss otheNise dererniinvd by a JLnirAI . WL will hDld a m]nunum of four Bard yiat. Ill addition, thcrL' wIll bL ]nLL4ings of ihe Board subgroups and working groups. 'e will hold Annwl CJcncr31 Mcffling in addition kn anv IKher rTKthTn&5 in that ycar and %hall 5pccify ihc mLCtin¥ as such in die notlif callin8 hr: aNI M nx)re than fbftecn rnontlks .shall elapsc bctwccn datc of onc AGM ofihe Company and lh ofihc ncxi. Thc AGM shall hcld ai 5u¢h iimc and plarc as ihc Tru5LCC5 sholl appoinl. 'e will continue lo diversify Ihe tK)anJ sn¢lude reprnlon from lh¢ expanded membeThhip, fre¢laiic¢r and ensuriD¥ there is reprr5enwion ftotn a divcw5e group ofpwple the b(wd. Wi will carry put ail skills and diversiftr allth"i of bnard members a1 make swe w¢ are addre8%ing any bap5 thTr)Ubh tecruilment. I'c will develop an cxii siraicgy and IM)ard rccruinncni plm for th¢ board llmir5 who b¢ eoming io the end of rheir iimc ot7 the knard. 'e are of WCVA and ntinue io work on best praclice kn il comes to Goi'emance. Policie5 w'ill r¢viewcd in linc with Ih¢ir r¢n¢w'al d&É and k¢y pol1cJ will b¢ availabl¢ on our w¢biii¢ IF4ualiiv. Diversily dj lrt¢lutsiots. Welsh and EnvimnnMiknl artd SustindbililyI. Inductloll and training 1)1 mjstees". All nThv trustccs r¢ceived a Tn]siC Joh tkscripiion docunwnt and arc Tcqukrcd tts fill in a RCSICT OF lTricnst forn. Futtdin8 can madc available for irusices to aiicnd trainiiJ8 if required. .4rMKge4ry1entsfor 5ettwMg kej. Pas, Poli¥y for KLY Managlllllini PErMC1-. ThL trn5tC4S and thL' Chicf ExLLWtiii OtTiLir LompriSL' the kLy management personnel of the chan'ry and are in charge of direciing and coRtrollinB the charity. All tDJfflee% give Ihcir lime frccly and no lTu¢c rcceii.cd rcmuncraiion in yrai. D(Xail% of ITusIcc'4 cxn$C5. kcy managcmcni r¢rsonnel aT¥J related parties aTe distlosed in th¢ 10 the accouth¥. ThL Chief ExLLI]riN"L Offiirr5 pay. and pay, 3tL all-d wilh matkct rnC5. Pagc •
Creu Cymru Limited Trustee5' Report The ehariry is managed by its Board Ot.Twces. Tr thy-tfytsy attiviiies arc delegaicd to thc Chi¢f Executive Offi¢ei and the stsff. Staff Roles Dirccior IFITI The Director has o%trdll reSnSibIli1Y for the onIsalI0n. operation¥. k8dit)g on advocacy reprtseIlnB the meMbeh1p and S¢Lior aLTOSS u w¥nge of lonLms. The Director atso wotks IhL dL'veiopment ot wv prujcL15 5¥n'ici to supwrf CrLU CYMTU'S ov¢rall obicaivc5 8TMI rteLyl$ of rnLYlltKYship. Adrninistrdlur IFITI Th¥ Adminisirat()r %UPPQTLS IhL" thrcllor wilh aLbnin1lvL dutiL IlUdin m¢tYing¥. dtary malla8cmcThi. Board mceungs and minuics and b51t¢ 1ales. Thcy also help with the eoordinaiion oi training tvents. an1 confcrcn¢¢. and A(iM. Thc rolc al%0 incluths al1ng thc l)irtaor finan¢c a1 fundraising. Project Adniinistrator (FIT) Thc Project Admini4traior Icad$ on Ihe deliverv and developrnrn¢ of hyni. mthin1g relalionships with hyni enues associaies. projecl partu¢r% and slakeknlders. ivhile supp)rting hyni c8fdho1de Ond Deaf. diiabled. and llLwrodivers¢ aJienCes. They LODrdinaie trdining aTwJ #D aTinual stA)s1U with a t[5 aLr¢¥s. They dlsu 5UPPVrt uthLT CrLU Cym projiLu. Pagc 3
Creu Cymru Limited Trustees. Report Sittment of Trn5t¢¢s' Resp•nslbilitits Tht trusltts (who Jr¢ alw the direLiOts of Creu Cy7nTU Lirnited tor the WYFKJb¢5 ol" Ly)mpany laivl ar¢ rispi)n51hlc for prcparin¥ the th]sIcL. rTrf and ihc fJTwKial statCmCDts in accordancL wilh thL Uniid KingdoTn Accounting Standards Iuniied King(brn Genernlly Ac¢epi¢d AccoM8 Prnai¢el a5 applicable law and rcgulaiion$. Cornpany ITIW require the trUee5 lo prepare fjnartcial for tach firkctI yc&r. Under company lam. th¢ rtustces must not approvt the finarKial stalem¥5 unlth they are satisfjed Ihat they give a me Imd fair Niew uf Ihi. slai¥ of affdirs of thL Lharitable COTrJpany aT¥J of it¥ iNm)ID¥ reWUrL¥ and application of r¢sourLLb. including its incomc and cxpcnditsirc. IOT that period. lft preparmg fjnancial 5tatcmcnts. thc tNstCC5 arc rcqLLircd to.. seleci suithble accouniing policie5 aThJ apply ihem ¢ortsistently: obs¢rvc the meihsxfs and {nCIPlcs in tIK" Charitits SORP- mdke judg¢menis and e51ime5 ihai are reasonable atml Uden1' qiale whether ar11¢able UK Accounting sndards hav¢ btert followed. sbJ.eth to any material dcparturc "sclosed and expl.ned tn the financial 5tat¢mo)ts: a1 prepare ihe finatKial siaiements on the guing b¥15 w)1¢ it is inappropriat¢ io presume thi the ¢lJarit2bl¢ compaDy will coniinue in busincsk Thi Iw51cc.i arc responsible for kccpin¥ *J¢quai¢ a¢¢ouniing rerS ihai are sufficicni 10 pthow and explain ihc hariioble comwiy's lranbJclios and disrlose w'ith ffJ¥onJble accurdcy ai any lime Ihe fiTranci#l M¥silIon ofihe iharilJbl¢ iompany and enable them TO ¢thsure ihai thc finaniial $18rements comply wth the Comp8ni¥5 Ait ?(KK). Thiy dfL also r¢pUn5]bIl for f¥¥ar{litt . &SS¥1S ol iharirabll cvrnpany and for taking reasonable 5tcpR fcr ihc prcvcDiion a1 dcttttion rjf fraLMI and IKIK"r irrwlaritio%. Th¢ annual report wd dprKoved by ¢rusttt5 of the cknaTity on 25 2025 atxl signed on its behalf by., D R Wilson TrustiL Pagc 4
Creu Cymru Limlted Independent Examiner's Rep)rt to the trustees of Creu Cymru Limited {"the Company") I report to thL ihaTiry ffieeS on rny exwn¥nation orth¢ aLLMiunLS of the Cowy fiK the ycar ¢nd¢d 31 March Responsibilities a4d bx5i5 of repon ..Is thi ihariry's tTU51e¢s ot. th¢ Compw land also it5. iJJ"rcdars foT thr pvrrMVS of LX)mpatry lawl you are rLsponsiblL fur thl prcpawaiivn vf t. aLcount5 in accordan¢¢ with thc tLXIUjTLmLnts of IhL ConipaniLS ALI 20( I'ihE 2006 A¢t'l. Having %ali5ficd Tny.SL'if thai Ihc aLrounis ofc rcu C-ynm Limid alr rxm requiTcd w IK audilcd yndrr Part 16 or Ihe 2(K)6 Act and are eligible for ¢Hdepvthnl examindlLOlI. I re[ respect of my examindljon ol your charity s ¥counis as cafficd out und¢r stCLion 145 of Charitic4 Ad 101 I I'th¢ jol I Aci'i. In carryin¥ oui my exJminalion I havc followcd the DIwLtons given by ihe C'hariiy LoTlltn15%ion urtd &eciion 14515Mb} ofihe 2011 A¢1. IndcpeNdeni exminer's st•t¢4YNt I havL LEHi)pILLxl my Lxafflinatiort. I iimfum tknt no mauLY5 hai'l cor ts) my ancntiort in LoiincLtion with thc examination l1g m¢ cawse 10 believe". aL6ounting rcLords WLrL n¢A k¥yl ID rwt of Cr<'u Cymrn L]Tn1tL Is r¢quir¢d bv SLiiun 386of thL 2(KI6 .4¢t.' or 2. the aecounLS do noi accord wilh ihw record& or 3. the aLiuunis do not Lornply wilh the Louniin8 Tequiremenrs of 5rclion 396 of the 2(X)6 other Ih&n any rn'quirimcni th thi givc a'tnJL and fair vicw, WCh is a mallu ¢on5idcrcd as part of an Indcpcndcnr cxamiiiJiiun" É 4. th¢ a¢Lounis hai"e not been pr¢p8i¢d in a¢¢ordance Trth tht Tne11d5 and pn]Kiples of the Stdternent of Recojnniended Prariice fDr 0n11n8 and reIng? b> chariiies lpplicuble 10 ch#rilit% preparing IheiT accounrs in accurdart¢e 'rth tlle Financial RepIng Sthndard gFvli¥able the UK and Republjc of Iriland IFRS 10211. I have no ion¥erns and haNr ¢ome acn)SS T otherTN8ttm in i]1¢¢.011 wryth the examina¢Èon to whiih Otteniion should bc drawn in this r¢ry)rt in ordcr io tDablc a prow undcrstsndin8 of thc accounts to b¢ rcache Mr Aiidr¢w I lill FCCA ACA DChA BFP Dat¢.. 1511212025 p¢5
Crell Cymru Limited St2temeDt of Finxnclal Attivilies for the Year Ended 31 March 2025 (IDcludin2 In¢ome and Expenditure AccouDt and Stat¢menf of Total Reeognised Gains and Losses) Uthre51rirled funds RLStrlttcd Tot•1 2015 Incom¢ tyd EDd•MmeDts from: Chariiable activirie$ Othcr IradingTr arliviLi 14.916 130.079 75.4ry6 268 75.46 26 Total irKOTllC IW.857 14.916 205.773 ExpeDdSfvre on= Charitable ailii'itie 1187.0401 {5.179) 1192.219) Total ¢Kp¢ndiiurc I IR7.(1401 {5.179} 119?219} NCE InCOTiir Tran$t¢TS betyveen 3.1117 13.%111 13.554 113.X¥ll muvcmcni in hnd% 17.698 14,1441 13.554 Recon¢lli4tknn of fund$ Total ttinds broughi forw8rd 109.196 13.881 123.077 Total funds carricd forward 15 126.894 9.737 136.6?1 The noies on P<ige5 41 211 fomt Jn ini¢grdl pan of ihese financial Pagc
Creu Cymru Limited Statement of Financial Artlvlties for the Year Ended 31 March 2025 (Including In¢ome and Expenditure Aeeount and Statement of Total Recognised Gains and Lo55es) Unre51ricted Re5trici¢d f*thds Total 2•24 Incornc and from: Chariiable aaiviiies Olhcr irading aciiviii InvlMlTrl incomc 46.455 79.819 71,Q84 117.539 79.819 Total incomc 126.615 71.QX4 197.699 Expendilurc OTh: Chartiable dLiiviijes (139.5691 159.6971 1199.2661 Toial ¢¥dlre 1139.5691 159.6971 1199.26(?1 Nel (expertY)lln¢om¢ Tran%fer% beNr¢n tiind% 112,9541 11.387 ,387 11,5671 N¢( rTh)vcmcni in futsd$ {1.5671 11.5671 Rectsneili4tl•n of l¥nds Total fvts brought forward 10.763 13.881 124. Total fvnds cakricd fotward 15 109.196 12_1.077 All of thc charity's acttviticq dcrive from ¢ontinving opcrniiorts during the abovc LWO pcritKLs. Thc funds bi¢akdoi¥n for 1074 Is showTr in noic 15. The rtoits on pages 9 10 20 form 8n inicgral part of Ih¢se fina18 swements. Pagc 7
Creu Cymru Limited (Registration Bumber: 05125340) Bglan¢e Sheel #S fdt 31 March 2025 2024 FI¥1 assets Tangible assets 81 Current sget$ Dcbtors Cobb dl bdrtk dnd in hand l2 13 472Yg 151.747 47.068 146.769 I99.1) 193.%17 Credlknrs: Amounts f#lllng wiiknfn !'tar 14 170.841 } Tritt eurrent aS5fts 13fi.631 122.996 et $sset5 136.631 1 13.077 Fund$ orth¢ thArity: Re5trl¢icd l¢om¢ funds Resiricied funds 9.737 13.881 Lnrestrit¢td In¢on funds UftrL%irscicd funds 126,R94 109,196 To¢AI fund$ 15 136.631 123.077 For Ik financial year ending 31 Mah !0?5 the tharily eniiiled exempiion Irom audii scclioTr 477 ufihe Companies Aci 2UU6 relaling small ¢0MleS. Directors, rcsrrf)n8ibilitie%.' The membcrs have Th)t required the thariry io thain an audit of it5 accounts IOT thc y¢ar in questinn in accordancc with 5C¢tion 476- and The dirtiiors aiknoW'led Iheir r¢>P)tts1.]lIieS for complying with the requirr[rlS ofihe Arl with Te5peLI io aiLounling Mords and the prytatmjn vf aLlX)Imi& Thi finJniial sta1¥Mi¥1 on Pd¥LS f• w 20 approiLxI by . bwkx's. and dUd)sLxt for i2UC un 25 Sepiembcr 2025 and UD their behaifby-. D R W'ilson TnAtte The rtoies on pages 20 forn an iniegrdl pawl ofiheye fiNncial sMem¢ni5. Pag¢ 11
Creu Cymru Limited
Notes to the Financial Statements for the Yegr Ended 31 March 2025
I Ch•rfty 5tatss
The Lhariry 1% lin)iied by guaran. iorpOrat IN Wal¢4 aThJ coD5ryurntly do¢5 Dut haye sh¢ vapital. Eauh
of the trustee> is liable 10 Lontribuie an anJ(wi w exteediobT £1 ioi%wts the of the charitv in th¢ e%'eni or
liquidalion.
The addrvi5 olits Fcgisleted oifKc
Sevem Huuse
Hu.¢ll Diive
NeWrt
South Wal¢s
NPIO&FY
ThLSt financial statcmcnls wcrc authoriscd for iksuc by ihc trustLS on 25 Scw¢mb¢r 025.
2 A¢¢o¥ntimK P0cleS
Surnm#ry oC$lgnltitani actomnllng Wicies aDd keTh act11D¥ e5titnies
The priniipml HLiwntin¥ policics appijed Ihe wepataLion of ihcsc finartLldl statcmcnis sel belDw.
ThLSL puliciLs hai"L iKxn Lun51MLDilJ' applild a]1 Tk. yiars pr¢sLmi¥
Creu Cymry Llmited Notes to the FinanclAI Statements for the Year Ended 31 Morch 202S J¥dg¢ments lh¢ dppliiaiion of the ihariry's a¥LM)untlllb wIlL1 ihe tDJsiets are required mak¢ ju(Jg¢menii. tsiimaies nd assumptions aboui ihL caJrying of assets and liabillri aTC not rcadsly .warLnt fri)m other snurLes. The estimates and &450¢iai¢d &sswnyiorkS are based on hislotirai exT¥eriente aThl oiher (lOTS that are ¢on5ithrcd bL rele"anL Aclual tesults may diffcr frorn rh¢sc emimaws. The esliinaits a[ widcflyittg &5sympiions are reliewed on an 0¥01 basjs. R¢i'isions to actn(ln8 esitnvdles are Tecognised in th¢ P¢Tivd in ivhKh ihe esiimaie is rei'ised Ihe rev151un dffects only thai period. or in the pirii)d of ihe rlvlsK dnd futil. tk. rth'isiun atT" Ith filluTC p¢r115.. and endowment5 Income is recognised when the ehanlv 15 legallv eTriiiled LQ Il aAtr anv pttfonnancc condiiions have been meL Ihe umouDt5 Ldn be mc3sur¢d reliably. and li is probJbl¢ thai In¢w ii'ill be TeLeived. Grdnts. recitya7ble 'oluntJry income Is received by vay of grnrjts. th)ntofLS and ifts and is includcd in full in the Staent of Finanrial A¢livili when receii'able. Grants. whete Cnliilemeni 1% noi c(Mdiiional. on Ihe deliver¥ of a specific performatt by the organl.4ar1. are recognised when the charkty un¢onth"lionaily ¢niitl¢d io the grant. Dtferred Ikf¢rr¢d income reprcscnt5 amounts r¢cciv¢d for futurc and is r¢l¢ased to ioMIng resourccs in rhc p¢nod for which. ti has bcen r¢¢t1ed. Sch tncome is only dcfcYT¢d kn_. - The donor %pccifics that iht granr or donation ottly b¢ usd in fu¢uTe accounting FXYMMLS: or - The donor has imposed ColItI0% which mu51 be mri bvfort th¢ ehariiy I- uncondiiiimal en1ille1iL Other imdi•x #rtiViffi¢S MeinbeTshTP In¢xim¢ is trnluthd in yur 7•thILh It is rLY¢ivable. Dividen¢l4 arc TCLugll15L thc dyNiikThJ has declaLTrd al rMJtificatiorJ b¢cn wcLivcd of th¢ dividend due. .xpenditsre F.Xndltutt is rcco8niscd whcn a liakn.lity is incurrcd ar is roun1¢d for rti ofvAT. Cliariiohlt o¢liviiies CharitablL experltur¢ th(TrSL' eosls irurred by Ihc chanfv itt IIK" dlI%.¢ry of ifs aLllVltic% and 5cfvirLS for its bLeriCiariCs. It includcs FM)Ih coqts thai can bc allocated direitly to sueh aciivitics and those tosts of art indircct natUTC fj¢¢¢&sary to siipwrt ikn. G05ernat LThl$ Jnclude Ihose ci)sls asSl1¢d wilh meeting Ihe ¥oasiitulion and slaluiory reqUitAl$ of the chaTiry and inklude audii fees and COS¢s ILnked ihe straie8ic mana8tnKni of the ¢hariiv_ Support ¢osis are ful05 thJi assisr th¢ work of the LIry iwi do noi direLily undeTrake charilable tivÈli¥s. Page 10
Creu Cymrn Llmlted Notes to the FinAncial StatemeNts for the Year Ended 31 March 2025 her rtrpendilwre The cost ot. any holiday ¢n¢iilement is reeogmsed in ritl in whieh the employee's s¢r¥'i¢¢ ar¢ recesved. Ternination benefits are 08¥se iMnKdiY as an th¢ charity Is demonstrahly wmmitted to IcTrnirwlc ihr CTnploymcni of an employcc OT 10 provid¢ icrminaiithi r11s. T4X•tiOD Thi chanty is iundLfL'd to paks tk. out pard¥ra l ¢thylulL 6 of ik. FIJwL ALt 2010 amd Ihcrcf(>rc Tt m¢¢t% the dcfiThiiion ot. a eharitsblc UbEnpany for UK Cofratin tax PUryK)qcs. Accordirhgly. Ihc charity is rM)Icnlially cxempi from laxatiofi in res1 of I7)m¢ or capiul gains rccckvcd w'iihin calegoriLS ¢nvercd by C"hapicr J Part I l tsf thc Corp)ratiM Tax Aci ?nlO or Scttion 25fi of the Taxaliott of chargdh1C ljatns Act 19l)2, to th¢ ¢Xlni thgt %llch IOme or yins arc applicd CXCI$1¥¢IY to ¢hariiabl¢ putPOS¥S. TanRible fijed ssets Tdogible rLd aTL Initially mLLSW¥xI ai ¥051 and subswuenilv ai Lost or valuatioo. nL of dcpreciation atMI arty impaTmkmi losses. Depre¢ition d imortisitio Dcprecialion is PTovid¢d OD Lingible fixLxI &sseL% w ** to write off the coqt or valuaiion. Iw any o%timatcd rcsidual valuc. oi ir ihthr ex[ed cronomic lifc ai fo114)MS.' Asset ¢l•ss Off>ce cquipmeni ClpU[l.r iWuipmLI Deprttllltsn mttbod aAd r•te 25WD on rcducing balan¢c p¢r 25% on pLY annuTn Impirment of fixtd sstts At cach rcrKyrtin¥ ¢Md date. the chaTity rev1¢14'5 the carrying 2mounis of its Lqn¥iblc a55cts dciermiiie wliether th¢T¢ IS 2ny iTrditaiion thai those a5S¢ts h&v¢ iufTered an impaimieni loss. Ir such indscatK)n ¢xists. the reltsverable amounl ol-lhe assa is e51imatcd in oiderioda¢rniine the exteni ofthe iJnpwnM¢nl los$ {Ifanyl. Cash cash equiwale#ts Cash and ¢asl3 ¥Y4uivalents incluth cash in Iwid. de[ts ld at call with tJank5. Oth¢i shon-i¢m) liquid invesimcrtis with origtrinal maluriiith of ihr¢c t. or ttss. and trAnk ¢rdraf. BaT& ovcrdrafts arL %hown within bL)rroN'in¥s in currcnt liabilitics. Fund stru¢tllr¢ UnrLrilIkd fund5 - Ihesc ar¢ th¥ finmls which can IK" u5¢d a¥COTd't with th¢ ¢haritsble objLYts at the disLrLljI)n uf truslL'¥b. l)e5iBnatcd fvnds cotnpnsc fund$ which havc bccn sffl aside at the discreiion of thc iTU5tt for spwifl purposes. The purpose% and use% ofihe de4ignalcd fw)d4 Jrt S¢t out in the noies 10 ihe fjnancial sraiements. Restrictcd fund5 - Ihcsc ar¢ funds that can onlv bc u5cd for A pJJticu13T ttstrictcd purp)sc within thc objccts of Ihc chariiablc roM[nY_ ResLticiiOnS ari ii'hen speiificd by doN¥r OT when ndS arc raised for partirular rcstTi¢tcd purposes. Pagcll
Creu Cymru Limlted Notes to the Finnelal Stxtements for the Year Ended 31 M4rch 2025 Peusloftj lld other p•5t rrtlrerntDi DhligatiMs P4Jymtnts to d¢fitL¢d LxbntTibulivD Iclirthn¢nt ln¢fii schemes are Lh¥rgtd an tXPeFhse as fall dut. blngn¢lal Instrurnents The Lhurily has ¢ltii¢d lo apply Eh¢ prolisiorts ulseiiion I l -BasiL FKnanLiaJ Inslnjffjents. and Seilion 12 '(hheT Finanlial Ins1n1mefS Issues, of FRS 102 10 all of tts finarKial i%11n¢nts. FinanLial in5trumeni> are relgnId irt rh¢ Khariiy$ balarne theet whth the charity beL'umts ptiny io the ontraclual provi5ion5 of thc in5twm¢nl. Financial &%sets and Iittbilitio are Off5 thc amounts ptCScTrd in ihc financial ¢aicrncnts. whcn thcre is a Icgally ¢nfvr¢¢abl¢ nbhi io otr the TeCO8nid anM)unls and IhcTe 14 an inicniion io sciilc on a basi5 or tth rcalige thc &ssct and scnlc thc liabiliiy simult8nLwIy. Dtreco8niiion or rinancial liabiliiie4 FJnanLial liabiliiie5 are derecogllised ¥ontta¢%ual obligations expire or a dIharg¢d or 8ll¥¢llLd. Recognliiow Basic fFnancial a5bC15 Ba&ic finaiKial assets. Mhich dthot5 dnd cash and bank balanc¢5. are Jniiially ai ir&nsaction priie inLluding ¢fdnsa¢tion costs atsd are subSeqen[]Y canied at amortised c05r using the effeclive int¢Test rnLihud thL atrangLm¢nt wnstJwt¥S a finarKinK wdnsaLion, ihc traD5aLtILlll is fnLd¥ufLd al th pre5enl %'dlLie uf ihe fulure Teceipis discounltd ai a Maet roie of iniere5l. Financjal ilassified a5 r7vabl¢ wiihin one vÈ#r are amortised. Derecr)gnitioTh 4)t'linaDcial as4cL4 Financial asset5 aTC der0¥ISed only con1rUal 8 to thc cash flows fmm thc asset cxpirc or are 5enlcd. or when the ¢hariry transfers ihe fJrt2rrial ssct altd wbstaniially all the nsk5 and Tewards of 0¢[hip to anothci ctltity. or if wm¢ sigmficeni Tisk% 8nd rcy7rds of 0¥4mership are T¢ined but control of rhe a4s¢t ha5 Iransfcrrcd lo anothcr party ihat is ablc io scll Ik a&scl in its cntirny u) an unrclaicd Ihird pany. Bi1SiV finiwiial liabilitlei 1¥ finanL?al Iiabilitits. InL[ltE% ¢rLd1tv. and bank t5 arc IltIallY pnLk wIIL¥¥ the arrnnbiemenl Lonsliiule5 a finanLing trJnsariiotL Vlhere Ihe debi Insirumeni Js measured ai ihe presenl value uf thL futUTL paymLnls ilisrn1L at d maykrt r21c tsf ini¢r¢st. Firtancial liabiliiics classif as payablL wiihin i)nL yLdr arl not aMorti1. r)cbt ln5trwn. 8r¢ sub%¢quently carried at aftm)rtIs cost. lg the effcaivc intcrcrt raic rn¢th. Trndc crcdjtors 2re obl1110n% io pay for gwL4 or 5¢Tr"ice4 that hav¢ bc¢n a¢qviYtd in the cTrrdinary course of op¢raions from suppliers Ar)1$ payable art r11ssifi a5 iutrenl liabililies if p2yn*ni is duc wiihin one y¢ar or ItS5. If Mt, Ihey are presenitd as nort4UTMi liabiliiies. Trade ¢redii¢NS ar¢ cognI¥¢d iniitrally ai transaction pri¢¢ and swb&equently measured al aThort15d c051 ihr ¢ff¢¢tii'Y ini¢r¢st M¢[hl. Pa8c 12
Creu Cymru Limited Notes to the Financial Statement5 for tbe Year Ended 31 M4rch 21125 Invcstrncnts in non4'¢nIble prcfcrcncc share% and nowunahle 4)rdinary or prefcrenc¢ 5har¢s (where shares arc publicly traded or their fair tralue is r¢liably J7Kasurablel are measured 31 fail valw through PTofii or loss Where fair volue ca[tst be rne&tyured rcliably. ittvesthwits measured al c05t impairn)¢n¢. Jnvcsimeftis in %ubsidiaric5 aNd a>%ociaicg arc M$Ted ai cosi IM11. For Invcsimcnis in subsidiaric5 quir¢d for consideraiion inclu(ling ihe i&%ye of thares qualifjing foi ¥nrt8er relief. cost is measured by r¥(¢r¢t to the [K)mI1 value of the sharts issua plus falr volue of (Mhei ¥onsideraiion. Anv premium is i¥nurL DeriFWlivefinon¢ijllstr< The chariiy dcriwatise financial instruTiienL4 io rtduLe ex[M)5U io foreign eKrhangc TiNk and ini¢ies1 rnle moweinen15. The chariiy dot& not hold or bs5ue der1811"t finala1 instrnments for speculaiive PUTP05eg. Tkrivalives are iniiially re£osnised •1 foir %"aiue ai Ihe dale a (knvalive ¢ontra¢i is eniered inio and ure 5ubsequ¢ntly remeasured to their fair valw at eaih re)rtIng dwie. Th¢ 5VIll[l gain or Ioss is recognIs in 51atL"nJ¥ni of fina0¢1 aciiviiic5 it131LlY UDltss IhL dL"rivalivc is (L.signated and LffcLibL as a hgIng It[enL 151 which event the timing of Teityiition in st3temeni i)f financial acri711t$ depthds the naiwe of thc hcdgc rClioT1p. 3 Income from charitable artiYititJ LTnrtstrkltd fD•ds D¢sAgRAf¢d Ruiriel¢d fnds Tot1 2025 A*L8 Lountil Walcs- Hynt Arts coun71 Walcs- Rv¥nue Furmlitjg RTDI Project 42.038 42.038 7X.675 7X.675 .366 9.366 42.038 78.675 9.366 130.079 Unrestricted (Ad$ Designated Gtherll Re8trsCted fund5 Tot¥1 2024 Arfs. C'ounLiI Wal¢s. Hvni Stratesic tirdnl 23 ERDE2 WLWA 51.5 Iy.5 51.5(M) 19.5YA 1,250 1.250 45.205 1250 71.0 ] 17.511J Pa8c 13
Cren Cymru Limited Notes to the Flttsncial Stattmtnts for the Year Ended 31 M¥rch 2025 4 IAcome frorn othtT trdlng rtlvldtS Unrtstrirted f#nds DesigJted Totsl 21n4 ConfcreDCC4 and 5itNilar cY¢nts Membership sub5CriPtions 702 30.350 11.234 66.192 4.074 75.745 35.841 31.n52 44..174 75.426 79.819 5 InYestmeRt iThcoe f¥Dds Gener•1 Tothl 2•25 Tot1 2024 ljiicrcst rccci%'ablc and 5imilaT in¢om¢' IntLfL51 filLiVdbli vn bank &'posits 268 26 341 Page 14
Creu Cymru Limlted Notes to the FingD¢ll Stxtements for ihe Year Ended 31 March 2025 7 AD•li¥ls of governnce and support rwls Supptsrt costs ll0le to ¢h&rltlJk •diJ'iths Tot1 2024 te¢hTrolo8y Costs 2025 Thtri & .4rts CLnlrL Dcvcloprnent 3.488 771 8.006 Bx515 of #llotatlo Reference M¢ihod of all#1)D IIM)Y• of&%sociad CAllUre GowernaDce cost5 UAresirirted f¥Nds Totsl 21llS Tot•1 2024 1ndCndC]1t cxafftbThcr ftc Examination of lh¢ fin4D¢ial stsiements hcr fcc% paid to txamincrs ?.39l ?.391 ?.650 2.3(Kb 3.490 3.4 4.Y50 8 "fru$trts retnuDeration expeBse5 No tnJstc¢s. nor any pcrsons conn¢tcd ivith th¢nL Ik2ve rettived any Trmuncraiion from charity duTinB the year. No hay¢ r¢¢¢iw¢d any rc1m1JrS¢d exp(¥$ oranv (pthLY bth)efits from thc chan'iy during ihc yeaT. 9 Stsff toty Thi aggre¥IlL payroll rL Js fi)11(Iws'. Z025 2024 Staff co5t5 dmring the ye*r were: Wa¥es and 53lanc5 Social Scfurily ¢o%L% PslOn LO¥ts 102,751 4,574 100.461 4,072 12.571S IUY.63U Page 16
Creu Cymru Llmlted Notes to the Finaneial Statements for the Year Ended 31 March 2025 The monthly averag¢ nurn1r of persons lirKluding S10 mana1 I IEadeTshkp ieaml eJnployd by the harily durin¥ ihc yc8r cxprtsscd as full ill equivalcnis $ as fo]lows.' 2025 2024 .4wLYagL monthly Lp10Y¢L% No eThptoy¥e Tcccived rmulvmeN¥ of nx)r¢ ihan £fjo. during the year. 111 Tax8tion The charily is a r¢gisicrcd chariiy and is thetefore cxemp (rorn taxaiion. 11 TxD%ible fiAtd asse urnitsre equipme1 Tot¥1 Cmt At l April ry024 3.431 3.431 .Ai 31 MarLh 2025 3.4.11 3,431 Depre¢l4tlon Ai l Apnl ?V24 ChdrgL flir ihL yLor 3J50 3.350 At 31 March 2Q25 3.431 3.431 ¢t book i'ly¢ At 31 Mh 2025 1 31 Marlh 2024 81 81 12 Dtbtors 21125 2024 Tradc dcbtors Prepavnttts 45.3?1 1,978 45.109 1.959 47,299 47.¢knR IJ C•sh Md eqwlvgknts 2025 2024 Cash at bank 151,747 146.769 Pagc 17
Creu Cylnrn Limited Notes to the Fin%kncial Statements for the Year Ended 31 Mreh 2025 14 CrLylStor5: t11¥ die wiikl• onc yr 2025 21124 TrddL Lrediiors Q)thcr tsxation and wcial sttunty 'AT grdnt rcpayablc Oihcr cr¢diiors ALUn[s Delerred Ijonie 12.95 2.404 4,830 1.073 4.535 45.(M4 2.477 7,127 799 X.559 3N.2¥6 62.415 70.841 B#ll¢t at 31 Mar¢lb 2025 Bal#nte xf I April 2024 Re50llrces expended TrTerS LDrestrl£ted funds Lnreciricied fund> 21146 17.767 {109.4321 13,881 44.362 De*ixfi&t Kcdundancy Hymi Cards Hyni 18.OtM) 14.746 602 18.602 114.95X} {61.65Q 67.134) IfA)21 5X.IXI N7.050 73.(N) {77.608} 82.532 T•t#l uAMirlded 109.196 I.857 {187.0401 1.1.881 126.894 Re5trlcted funds Art) Lounril Wal¢s DanLL ALn) WalLS Foyl¢ Foundaiion Sharing Togcrhcr Artts Council Wal¢s- ExtendinB Reach KTI)I froi¢cl 2.693 {1.74gb 12.693Tr 121X)I 16.2451 I l.X631 3.801 6245 1.863 ?.x¥a 1? 81101 9,3( 13.4301 13.881 14.916 {5,1791 113.881) .737 Total fundj 113.077 205.773 119?.2191 1.16.631 Pag¢ 18
Creu Cymru Limlted l¥otes to the FAnanclal Statements for the Year Eoded 31 March 2025 BlDtc at I IocondRg April 2023 reswr¢¢s Resourc expend¢d 31 Marrh 21124 Tr*Dsf¢rs Lllre51rletcd funds 10.376 5(Tr.$150 150.467) 11.3M7 R¢dundancy Fund Hyni C)rds Hyni Ilyni Impact RetK)rt i¥.0 9.149 53.619 19.619 18.000 14.756 54.294 {l?J931 (45.918 {20.691 47.665 11,07? l.n7? IW.387 75.665 {X9.(K)2 7.0SV Total unroStritt fwids 10.763 l?6.615 (139.5691 11.387 l(W.196 Restrteted funds Art% Council Walc DaiicL' ALruss WalLS Siraiegic tirdni 23 Foylc FOu[atIOn Sharing To¥dher Ans Cowitil W21es- ExtLmding R¢a¢h 2,693 2(Kl 2,693 20 51.5¢MTr 151.5tM)I 6.245 6245 1.1163 2.8¥0 1240) (7.g571 240 2.880 19.5K4 13.881 71.olbl (59.6971 Tolal thnds 197.699 11992r)fJl 123.077 The %pecifi¢ puOSe% for which the funds. are lo be applied art is Coilows.. RTDI ProjLXi illcL)mL has en provided in rel•ion to thc Art5 Council of Walcs Rurdl Tourin¥ DaDre IniiiaiivL. Tht Art5 iouncil of Wi11¢5 5tted fimd i¥ in lation to Th¥atr¢ Gt¢¢n B()vk pwJtt1 tv supFx)rl 5U5tJtn3bl¢ thL-dtri¥ In WalL%. t)uring Ihc year a Ial of £13.Xlll has been iransferrcd from Temriclcd fiJTth to unresiricicd fiJjE. This Iransfcr repre5enis rtsidu21 balances on old proj15 have tKen iVreed for Ir4nsfcr 40 similar allivtiies funded QLtr of serterdl reserves. Page 19
Creu Cymru Limited otes to tbe Finsn¢lal Stxtements for the Yvdr Ended 31 March 2025 16 Anil>'sly of Det assets behveeu fu•ds 'rotsl f¥nds at 31 iFnr¢uri¢led fu•ds Gener1 DesigRted Restricted fllnd5 2025 Currcnl a55CIS CiiTr¢nl liabiliri I.777 {L.415) 1$2.532 Y.737 199.046 62.4151 Toial nct a55LIs 44.362 82.51? 9.737 136.631 Total funds xt JI MArch 2•24 Unr¢s(rl¢trd fuBI15 G¢vrl Desip*ted R¢strict¢d fllTrd5 Tangibl¢ fixcd &4scLs Ciirrent a55et5 C'urr¢ni liabiliti 81 81 193.837 170,X411 87.050 13.8x1 170.¥41 Totdl nel assets ¥7.D_fO 123.077 20