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2024-03-31-accounts

RHIF CWMNI COFRESTREDIG: 07550507 (Cymru a Lloegr) RHIF ELUSEN GOFRESTREDIG: 1143525

DATGANIADAU ARIANNOL AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

AR GYFER

Y COLEG CYMRAEG CENEDLAETHOL

Bevan Buckland LLP Cyfrifwyr Siartredig Ac Archwilwyr Statudol Llawr Gwaelod T9 Aberteifi Cwrt y Castell Pare Menter Abertawe Abertawe SA7 9LA

Y COLEG CYMRAEG CENEDLAETHOL

CYNNWYS Y DATGANIADAU ARIANNOL AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Tudalen
Adroddiad y Cadeirydd
Adroddlad yr Ymddiriedolwyr 2i5
Adroddiad yr Archwilwyr Annibynnol 6 i 9
Datganiad o Weithgareddau Ariannol 0
Mantolen 1
Datganiad Llif Arian 2
Nodiadau i'r Datganiad Llif Arian 3
Nodiadau i'r Datganiadau Ariannol 14 i 24
Datganiad Manwl o Weithgareddau Arianna! 25 i 26

Y COLEG CYMRAEG CENEDLAETHOL

ADRODDIAD Y CADEIRYDD AMY FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Mae'n bleser gennyf gyflwyno Datganiadau Ariannol y Coleg ar gyfer 2023/24. Mae hon wadi bod yn flwyddyn brysur iawn ac mae wedi bod yn drawiadol i weld tystiolaeth o ehangder dylanwad gwaith y Coleg yn y gwahanol sectorau addysgol.

Yn ein prifysgolion, mae effaith ein gwaith cynllunio a'r arian ry'n ni'n ei fuddsoddi yn sylweddol. Drwy gefnogi darpariaeth mewn amrywlaeth o bynciau a darparu ysgoloriaethau i fyfyrwyr, mae'r Coleg yn cynyddu mynediad siaradwyr Cymraeg at addysg uwch drwy gyfrwng y Gymraeg. Mae'n gyffrous gweld y Coleg yn parhau i hybu profiadau dysgu newydd - yn enwedig mewn meysydd sy'n allweddol ar gyfer datblygu gweithluoedd dwyieithog y dyfodol, fel y proffesiynau iechyd, addysg a'r diwydiannau creadigol, er enghraifft - drwy grantiau pynciol, grantiau sbarduno, ac amrywiol brosiectau.

Tra bo'r Coleg wadi gweithio gyda phrifysgolion ers dros ddegawd, cymharol ddiweddar yw'r ymwneud � cholegau addysg bellach a'r sector prentisiaethau. Mae'r buddsoddi cychwynnol yn barod yn cael effaith drawiadol yn y meysydd hyn, a hynny yn aml mewn cyd-destunau lie nad oes fawr ddim traddodiad o ddarparu drwy gyfrwng y Gymraeg nae yn ddwyieithog. Bydd adolygu'r cynllun gweithredu ar gyfer darpariaeth 01-16 yn gyfle i adeiladu ar y gwaith hwn ac i ehangu gwaith y Coleg.

Hoffwn ddiolch i aelodau Bwrdd y Coleg, y tlm uwch reolwyr a holl staff y Coleg am eu cefnogaeth yn ystod y flwyddyn, a hefyd i swyddogion Llywodraeth Cymru am eu cydweithrediad.

Tudalen 1

Y COLEG CYMRAEG CENEDLAETHOL

ADRODDIAD YR YMDDIRIEDOLWYR AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Mae'r ymddiriedolwyr (sydd hefyd yn gyfarwyddwyr anweithredol yr elusen at ddibenion Deddf Cwmn'iau 2006), yn cyflwyno eu hadroddiad a datganladau ariannol yr elusen ar gyfer y flwyddyn a ddaeth i ben 31 Mawrth 2024. Mae'r ymddiriedolwyr wedi mabwysiadu darpariaethau Cyfrifon ac Adroddiadau Elusennau: Datganiad o Arferion Cymeradwy sy'n berthnasol i elusennau sy'n paratoi eu cyfrifon yn unol /!l'r Safon Adroddiadau Ariannol sy'n gymwys yn y DU a Gwerinlaeth lwerddon (FRS 102) (yn weithredol 1 lonawr 2019).

AMCANION A GWEITHGAREDDAU

Amcanlon elusennol

Nod y Coleg, er budd y cyhoedd, fydd hyrwyddo dysgu a gwybodaeth drwy:

Budd cyhoeddus

Mae'r Ymddiriedolwyr wedi ystyried canllawiau'r Comisiwn Elusennau ar fudd cyhoeddus gan gydnabod tair egwyddor budd cyhoeddus ac mae o'r tarn bod y Coleg, fel elusen, yn bodloni'r egwyddorion hynny. Nadir Amcanion y Coleg uchod.

ADRODDIAD STRATEGOL

Adolygiad ariannol

Mae'r canlyniadau a'r sefyllfa ariannol ar gyfer y llwyddyn a ddaeth i ben 31 Mawrth 2024 wedi'u nodi ar dudalennau 10 i 24.

Daw refeniw yn cod! yn bennaf o arian sy'n cael ei dderbyn gan Lywodraeth Cyrnru. Mae'r rhan fwyaf o'r costau yn y flwyddyn wedi bod yn gostau sy'n gysylltiedig a chyllido rhaglen weithgareddau'r Coleg, ar ffurf arian grant i brifysgolion, colegau addysg bellach a darparwyr prentisiaethau; costau rhedeg canolog y Coleg; a chostau cefnogi gweithgareddau addysgol o fawn sefydliadau unigol yn ogystal a chenedlaethol ar draws y sectorau

Mae'r cyfrifon eleni yn dangos gwarged sy'n ymddangos ar yr olwg gyntaf yn un sylweddol. Ond mae'r gwarged yn ymwneud yn benodol gydag aildrefnu buddsoddiadau'r Coleg a'u gwerth yn sgil hynny a newid yn narpariaeth pensiwn y Coleg. Wrth osod y ddau eitern yrna i un ochr, mae sefyllfa gweithredol y Coleg Cymraeg yn dangos cydbwysedd rhwng incwm a gwariant.

Polis! buddsoddi

Mae Pwyllgor Cyllid a Dibenion Cyffredinol y Coleg wedi datblygu polisi buddsoddi sydd wedi gadarnhau gan Fwrdd y Coleg, sy'n darparu fframwaith ar gyfer buddsoddiadau'r Coleg gan gynnwys ystyriaethau moesegol wrth fuddsoddi. Mae'r Pwyllgor wedi penodi Sarasin fel rheolwyr buddsoddi ac mae'r Coleg yn monitro perfformiad buddsoddi yn ffurfiol bob chwarter drwy'r Pwyllgor.

Polisi cronfeydd wrth gefn a busnes gweithredol

Mae'r Ymddiriedolwyr yn fodlon bod asedau'r Coleg yn ddigonol i gyflawni ei rwymedigaethau mewn perthynas a'i ymrwymiadau rhagamcanol. Mae Llywodraeth Cymru wedi ymrwymo i barhau i ariannu a chefnogi gwaith y Coleg yn ystod tymor y Senedd bresennol, a cheir tystiolaeth o hyn mewn datganiadau a gyhoeddwyd gan Weinidogion Cymru ar lawr y Senedd ac yn ysgrifenedig, gan gynnwys dynodiad y Coleg fel corff i gynghori'r Comisiwn Addysg Drydyddol ac Ymchwil..

Ystyrir bod lefel y cronfeydd wrth gefn yn briodol i sicrhau bod y Coleg yn gallu cwrdd a•, amcanion a'i fod yn gyson a·r Polis! Cronfeydd, sy'n nodi bod angen cronfa anghyfyngedig o £2 filiwn o leiaf.

Tudalen 2

Y COLEG CYMRAEG CENEDLAETHOL

ADRODDIAD YR YMDDIRIEDOLWYR AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

ADRODDIAD STRATEGOL

Amcanlon a pholisYau ariannol a rheoli risg

Y Bwrdd sy'n bennaf gyfrifol am sicrhau bod system gadarn o reoli risg, rheolaeth a llywodraethu. Mae aelodau'r Bwrdd yn cyflawni'r cyfrifoldeb hwn drwy'r elfennau canlynol:

Mae dull y Coleg o reoli risg yn effeithiol wedi'i nodi isod:

Mae'r Coleg yn canolbwyntio ar reoli risg yn weithredol fel rhan annatod o'r broses reoli o fawn pob rhan o'r sefydliad. Fel rhan o'r fframwaith rheoli risg, mae'r Coleg yn nodi'n glir risgiau o wahanol fathau i gyflawni ei amcanion. Gall y risgiau hyn fod yn strategol neu'n weithredol a gallant gyflwyno goblygiadau posibl i enw da'r Coleg, ei sefyllfa ariannol neu ei weithrediadau o ddydd i ddydd neu unrhyw gyfuniad ohonynt.

Mae'r Coleg yn annog yr holl reolwyr i ystyried goblygiadau risg pob penderfyniad, contract neu brosiect mawr fel rhan arferol o'u gwaith o ddydd i ddydd.

Mae'r Coleg yn integreiddio rheoli risg i'r broses gynllunio flynyddol sef y modd y mae'r Bwrdd yn pennu ac yn cydlynu gweithgareddau academaidd a gweithgareddau eraill y Coleg.

Mae'r Bwrdd a'r uwch dim rheoli yn ymdrechu i adnabod a chanolbwyntlo ar risglau uniongyrchol a thros dro sydd a goblygiadau strategol, a all newid o wythnos i wythnos, yn ogystal ag ar y risgiau mwy sylweddol a pharhaol a nodir yng nghofrestr risg y Coleg.

Disgwylir i reolwyr gysylltu'r broses o adnabod risg a chamau gweithredu, boed hynny I llniaru'r risg neu mewn ymateb iddi.

Mae'r Um rheoli yn gweithredu'r gweithdrefnau rheoli risg yn effeithiol fel rhan o weithrediad dydd i ddydd y Coleg.

Mae'r Bwrdd yn gofyn i'r Pwyllgor Archwilio a Risg gynnal asesiad tair gwaith y flwyddyn o risg sylweddol trwy

asesiad ciplun, ac mae cofrestr risg y Coleg yn cael ei chynnal mewn ymgynghoriad ag archwilio mewnol. Cofnodir yr asesiad drwy'r gofrestr risg ac mae'n rhan o'r broses barhaus o reoli risg. Mae'r gofrestr risg yn nodi risgiau sylweddol ac yn cynnwys rnanylion am:

natur y risg ei botensial a thebygolrwydd yr effaith

'perchennog' y risg

y prosesau rheoli sy'n rheoli'r risg

potensial a thebygohwydd yr effaith yn dilyn y prosesau rheoli

Mae'r Pwyllgor Archwilio a Risg yn adolygu digonolrwydd y broses o reoli risg yn y Coleg yn rheolaidd wrth iddi barhau i gael ei datblygu.

Mae'r Bwrdd o'r fern bod proses barhaus ar gyfer adnabod, gwerthuso a rheoli risgiau sylweddol y Coleg sydd wadi bod ar waith ar gyfer y flwyddyn yn diweddu 31 Mawrth 2024 ac ar waith hyd at ddyddiad cymeradwyo'r adroddiad blynyddol a'r datganiadau ariannol a'i fod yn cael ei adolygu'n rheolaidd gan y Bwrdd.

Cynllunlau ar gyfer y dyfodol

Mae'r blynyddoedd nesaf yn mynd i weld newidiadau sylweddol yn strwythurau goruchwyliaeth addysg 61-16 ac yn dilyn cyhoeddi drafft o Bil y Gymraeg ac Addysg. Mae'r Coleg yn edrych ymlaen yn fawr at sefydlu partneriaeth effeithiol gyda Medr (y Comisiwn Addysg Drydyddol ac Ymchwil) yn dilyn cael ein dynodi gan Lywodraeth Cymru i gynghori'r Comisiwn ar ei ddyletswyddau statudol yn ymwneud a•r Gymraeg yn ystod haf 2023. Bydd y Coleg yn gweithredu'n strategol yn y sectorau addysg uwch, addysg bellach a phrentisiaethau er mwyn datblygu a chynnal darpariaeth cyfrwng Cymraeg a dwyieithog o'r radd flaenaf. Drwy wneud hyn bydd y Coleg yn gwneud cyfraniad penodol i'r amcan o greu millwn o siaradwyr Cymraeg a dyblu'r defnydd dyddiol o'r iaith wrth ddenu myfyrwyr, dysgwyr a phrentisiaid sydd ag amrediad o sgiliau iaith at ddarpariaeth cyfrwng Cyrnraeg a dwyieithog.

STRWYTHUR, LL YWODRAETHU A RHEOLAETH

Dogfen lywodraethol

Rheolir yr elusen gan ei dogfen lywodraethol, gweithred ymddiried, ac mae'n ffurfio cwmni cyfyngedig, cyfyngedig trwy warant, fel y'i diffinnir gan Ddeddf CwmnYau 2006.

Tudalen 3

Y COLEG CYMRAEG CENEDLAETHOL

ADRODDIAD YR YMDDIRIEDOLWYR AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

STRWYTHUR, LL YWODRAETHU A RHEOLAETH Cyfansoddlad elusen

Mae'r Bwrdd yn cynnwys hyd at 12 aelod sydd yn gyfarwyddwyr anweithredol ac yn Yrnddiriedolwyr, gan gynnwys y Cadeirydd, sy'n cael eu penodi yn unol ag offeryn llywodraethu'r Coleg. Gwahaniaethir yn glir rhwng rel y Cadeirydd a rel Prif Weithredwr y Coleg. Mae'r materion hynny sydd wedi'u neilltuo'n benodol i'r Bwrdd i'w penderfynu wedi'u nodi yn Erthyglau Cyrndeithasu'r Coleg. Mae'r Bwrdd yn dal y cyfrifoldebau am gyfeiriad strategol parhaus y Coleg, defnydd effeithlol ac effeithlon o adnoddau a chymeradwyo datblygiadau rnawr ac yn derbyn adroddiadau rheolaidd gan uwch reolwyr.

Mae'r Bwrdd yn cyfarfod o leiaf deirgwaith y flwyddyn ac mae ganddo bum pwyllgor sefydlog {Bwrdd Acadernaidd, Bwrdd Strategol 61-16, y Pwyllgor Archwilio a Risg, y Pwyllgor Cyllid a Dibenion Cyffredinol, a'r Pwyllgor Penodiadau a Safonau Llywodraethu).

Mae'r Bwr d Academaidd yn cynghori Bwrdd y Coleg ar faterion academaidd o fewn y sector addysg uwch. Mae'n darparu ffocws parhaus ar gynllunio acadernaidd yn y Coleg o fewn addysg uwch ac yn darparu fforwm ar gyfer cynnal cyfathrebu ffurfiol rhwng y Coleg a'i ganghennau prifysgol. Mae gan y Coleg hefyd Fwrdd Strategol 6I-16 sy'n cynghori Bwrdd y Coleg ar faterion sy'n ymwneud ag addysg bellach a phrentisiaethau ac yn goruchwylio cynnydd yn erbyn y Cynllun Strategol Addysg Bellach a Phrentisiaethau. Mae'r Pwyllgor Cyllid a Dibenion Cyffredinol yn gyfrifol am oruchwylio cyllideb y Coleg a hefyd yn derbyn adroddiadau ar Farchnata a Chyfathrebu, Adnoddau Dynol, Technoleg Gwybodaeth, lechyd a Diogelwch a Chydraddoldeb ac Amrywiaeth.

Mae'r Pwyllgor Archwilio a Risg yn cynghori ac yn cefnogi Bwrdd a swyddogion y Coleg drwy roi sicrwydd annibynnol iddynt ynghylch effeithiolrwydd rheolaeth fewnol, llywodraethu corfforaethol a rheoli risg y Coleg. Mae'r Pwyllgor Archwilio a Risg hefyd yn gwneud argymhellion ynghylch penodi archwilwyr mewnol ac allanol ac yn adolygu datganiadau ariannol y Coleg, a chyn eu cyflwyno i'r Bwrdd, yn adolygu'r llythyr rheoli ac yn derbyn ac yn ystyried adroddiadau cynnydd ar feysydd o risg sylweddol a nodir gan reolwyr acadernaidd . Yn ogystal, mae'r Pwyllgor Archwilio a Risg yn derbyn ac yn ystyried adroddiadau fel y maent yn effeithio ar fusnes y Coleg ac yn monitro cydymffurfiaeth a gofynion rheoleiddio.

TIAA yw archwilwyr mewnol y Coleg ac fe dderbyniwyd sawl adroddiad gan yr archwilwyr mewnol yn ystod y flwyddyn, gan gynnwys rheolaeth fewnol, dilyniant i reolaethau ariannol allweddol, diogelwch seibr, rheolaeth perfformiad, fframwaith rheoli risg, rheoliad cyffredinol ar ddiogelu data/GDPR ac adroddiad blynyddol gan TIAA. Derbyniwyd diweddariadau ym mhob cyfarfod o'r Pwyllgor Archwilio a Risg ar weithredu yn erbyn argymhellion yr archwilwyr mewnol. Dymuna'r Pwyllgor Archwilio a Risg ganmol gwaith y swyddogion, aelodau'r pwyllgor a'r archwilwyr mewnol wrth sicrhau gwelliannau cyson yn y prosesau. Cytunwyd ar raglen archwilio fewnol ar gyfer 2024/25.

Fel cwmnl elusennol, mae'r Coleg yn cael ei lywodraethu gan ei Femorandwm ac Erthyglau Cymdeithasu, sy'n darparu ar gyfer penodi ac ailbenodi Ymddiriedolwyr. Er mwyn sicrhau elfen annibynnol i benodiad Ymddiriedolwyr, sefydlodd y Bwrdd Bwyllgor Penodiadau a Safonau Llywodraethiant. Mae'r Pwyllgor yn gyfrifol am gynnal prosesau penodi aelodau Bwrdd y Coleg, gan gynnwys y Cadeirydd, ac aelodau eraill y pwyllgor o fewn strwythur llywodraethu Bwrdd y Coleg. Mae'r Pwyllgor hefyd yn goruchwylio safonau llywodraethu o fewn Bwrdd y Coleg.

Penodir Ymddiriedolwyr am dymor cychwynnol o bedair blynedd, y gellir ei adnewyddu am uchafswm o bedair blynedd arall. Mae'r Prif Welthredwr ac aelodau o dim rheoli'r Coleg yn bresennol yng nghyfarfodydd yr Ymddiriedolwyr ac yn cyflwyno papurau ar eu meysydd cyfrifoldeb.

Mae'r Ymddiriedolwyr yn ymarfer trosolwg a goruchwyliaeth o holl brif feysydd swyddogaethol y Coleg, gan gynnwys datblygiad a chynllunio academaidd, cyllid, adnoddau dynol, iechyd a dlogelwch, datblygiad staff, marchnata I cyfathrebu, a gwasanaethau gwybodaeth.

Yr Ymddiriedolwyr sy'n penderfynu ar strategaeth y Coleg. Mae gweithrediad y strategaeth a'r rheolaeth weithredol yn cael eu dirprwyo i'r Prif Weithredwr a'i gydweithwyr.

Mae'r Coleg wedi ymrwymo i safonau uchel o lywodraethu corfforaethol. Mae'r datganiad hwn yn disgrifio sut mae egwyddorion perthnasol llywodraethu corfforaethol yn cael eu cyrnhwyso i'r Coleg.

MANYLION CYFEIRIO A GWEINYDDOL

Rhlf Cwmnl Cofrestredig: 07550507 {Cymru a Lloegr)

Rhlf Elusen Gofrestredig: 1143525

Swyddfa gofrestredlg

Y Llwyfan, Ffordd y Coleg, Caerfyrddin, Sir Gaerfyrddin, SA31 3EQ

Tudalen 4

Y COLEG CYMRAEG CENEDLAETHOL

ADRODDIAD YR YMDDIRIEDOLWYR AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Ymddlrledolwyr

J Hayes Ymddiriedolwr (penodwyd 17.5.23) Rh Evans Ymddiriedolwr

A.Beynon Ymddiriedolwr

Yr Athro E M Thomas Ymddiriedolwr Yr Athro A Jones Ymddiriedolwr M Huws Ymddiriedolwr A M Lloyd-Williams Ymddiriedolwr Ms N Elias Ymddiriedolwr Yr Athro P ap Llwyd Ymddiriedolwr LI A Roberts Ymddiriedolwr W Callaway Ymddiriedolwr G D Jones Ymddirledolwr (tan 6.5.23) Dr A Eirug Ymddiriedolwr a Chadeirydd

Ysgrlfennydd y Cwmnl

Dr D Phillips

Archwllwyr

Bevan Buckland LLP Ac Archwilwyr Statudol Cyfrifwyr Siartredig Uawr Gwaelod Ty Aberteifi Cwrt y Castell Pare Menter Abertawe Abertawe SA7 9LA

DATGANIAD O GYFRIFOLDEBAU'R YMDDIRIEDOLWYR

Mae'r ymddiriedolwyr (sydd hefyd yn gyfarwyddwyr anweithredol y Coleg Cymraeg Cenedlaethol at ddibenion cyfraith cwmn"fau) yn gyfrifol am baratoi'r Adroddiad Blynyddol a'r datganiadau ariannol yn unol 1 ' .l r gyfraith berthnasol a Safonau Cyfrifo'r Deyrnas Unedig (Arferion Cyfrifo a Dderbynnir yn Gyffredinol yn y Deyrnas Unedig). Mae cyfraith cwmnl"au yn ei gwneud yn ofynnol i'r ymddiriedolwyr baratoi datganiadau ariannol ar gyfer pob blwyddyn ariannol sy'n rhoi darlun cywir a theg o sefyllfa'r cwmni elusennol ac o'r adnoddau sy'n dod i mewn a'r defnydd o adnoddau, gan gynnwys incwm a gwariant, y cwmni elusennol ar gyfer y cyfnod hwnnw. Wrth baratoi'r datganiadau ariannol hynny, mae'n ofynnol i'r ymddiriedolwyr wneud hynny cadw at y dulliau a'r egwyddorion yn y SORP Elusennau; dewis polis"fau cyfrifo addas ac yna eu cymhwyso'n gyson;

Mae'r ymddiriedolwyr yn gyfrifol am gadw cofnodion cyfrifeg cywir sy'n datgelu a chywirdeb rhesymol ar unrhyw adeg sefyllfa ariannol y cwmni elusennol ac i'w galluogi i sicrhau bod y datganiadau ariannol yn cydymffurfio 1'.I Deddf CwmnTau twyll ac afreoleidd-dra arall. 2006. Maent hefyd yn gyfrifol am ddiogelu asedau'r cwr n i elusennol ac telly am gymryd camau rhesyrnol i atal a chanfod

Cyn belled ag y rnae'r yrnddiriedolwyr yn ymwybodol:

mae'r ymddiriedolwyr wadi cymryd pob cam y dylen nhw fod wedi'u cymryd i wneud eu hunain yn ymwybodol o unrhyw wybodaeth archwilio berthnasol ac i sefydlu bod yr archwilwyr yn ymwybodol o'r wybodaeth hon no. Adroddiad yr ymddirie�olwyr, yn ymgo�ori adroddia} \tra o. .J. ... l gol, a gymeradwywyd trwy orchymyn y bwrdd ymddiriedolwyr, r fel cyfarwyddwyr anwe1thredol y cwmni, ar ....... 2_ . . ,. D.:L� a llofnodwyd ar ran y bwrdd gan: t y�··�==��:·········---�

ymddiriedolwr: Dr Aled Eirug

Tudalen 5

,.

ADRODDIAD YR ARCHWILWYR ANNIBYNNOL I AELODAU Y COLEG CYMRAEG CENEDLAETHOL

ARCHWILWYR Barn

Rydym wedi archwilio datganiadau ariannol y Coleg Cymraeg Cenedlaethol (y 'cwmni elusennol') ar gyfer y flwyddyn a ddaeth i ben 31 Mawrth 2024 sy'n cynnwys y Datganiad o Weithgareddau Ariannol, y Fantolen, y Datganiad Llif Arian a nodiadau i'r datganiadau ariannol, gan gynnwys crynodeb o bolisrau cyfrifeg arwyddocaol. Y fframwaith adrodd ariannol a ddefnyddiwyd wrth eu paratoi yw'r gyfraith berthnasol a Safonau Cyfrifo'r Deyrnas Unedig (Arferion Cyfrifo a Dderbynnir yn Gyffredinol yn y Deyrnas Unedig).

Sall I farn

Cynhaliwyd ein harchwiliad yn unol a Safonau Rhyngwladol ar Archwilio (DU) (ISAs (UK)) a chyfraith berthnasol. Disgrifir eln cyfrifoldebau o dan y safonau hynny ymhellach yn adran cyfrifoldebau'r Archwilwyr am archwilio datganiadau ariannol ein hadroddiad. Rydym yn annibynnol ar y cwmni elusennol yn unol a'r gofynion moesegol sy'n berthnasol i'n harchwiliad o'r datganiadau ariannol yn y DU, gan gynnwys Satan Foesegol yr FRC, ac rydym wedi cyflawni ein cyfrifoldebau moesegol eraill yn unol a'r gofynion hyn. Credwn fad y dystiolaeth archwilio a gawsom yn ddigonol ac yn briodol i ddarparu sail ar gyfer ein barn.

Casglladau yn ymwneud A busnes gweithredol

Wrth archwillo'r datganiadau ariannol, rydyrn wedi dad i'r casgllad bod defnydd yr ymddiriedolwyr o'r sail busnes gweithredol o gyfrifo wrth baratoi'r datganiadau ariannol yn briodol.

Yn seiliedig ar y gwaith rydym wedi'i gyflawni, nid ydyrn wedl nodl unrhyw ansicrwydd perthnasol yn ymwneud a digwyddiadau neu amodau a allai, yn unigol neu ar y cyd, fwrw arnheuaeth sylweddol ar allu'r cwmni elusennol i barhau fel busnes byw am gyfnod o ddeuddeng mis o leiaf o'r dyddiad hwnnw. pan awdurdodir cyhoeddi'r datganiadau ariannol.

Disgrifir ein cyfrifoldebau a chyfrifoldebau'r ymddiriedolwyr mewn perthynas a busnes gweithredol yn adrannau perthnasol yr adroddiad hwn.

Gwybodaeth arall

Mae'r ymddiriedolwyr yn gyfrifol am yr wybodaeth arall. Mae'r wybodaeth arall yn cynnwys yr wybodaeth a gynhwysir yn yr Adroddiad Blynyddol, ac eithrio'r datganiadau ariannol a'n Hadroddiad Archwilwyr Annibynnol arnynt.

Nid yw ein barn ar y datganiadau ariannol yn cwmpasu'r wybodaeth arall ac, heblaw am y graddau a nodir yn benodol fel arall yn ein hadroddiad, nid ydym yn mynegi unrhyw fath o gasgliad sicrwydd ar hynny.

Mewn cysylltiad a'n harchwiliad o'r datganiadau ariannol, ein cyfrifoldeb ni yw darllen yr wybodaeth arall ac, wrth wneud hynny, ystyried a yw'r wybodaeth arall yn sylweddol anghyson a'r datganiadau ariannol neu a yw'n yrnddangos bod ein gwybodaeth a gafwyd yn yr archwiliad neu fel arall wedi'i cham-ddatgan yn sylweddol . Os byddwn yn nodi anghysondebau perthnasol o'r fath neu gamddatganiadau sylweddol ymddangosiadol, mae'n ofynnol i ni benderfynu a yw hyn yn arwain at gamddatganiad perthnasol yn y datganiadau ariannol eu hunain. Os byddwn yn dod i'r casgliad, yn seiliedig ar y gwaith rydym wedi'i wneud, bod camddatganiad sylweddol o'r wybodaeth arall hon, mae'n ofynnol i ni adrodd y ffaith honno. Nid oes gennym ddim i'w adrodd yn hyn o beth.

Barn ar faterion eralll a ragnodir gan Ddeddf Cwmn'iau 2006

Yn ein barn ni, ar sail y gwaith a wnaed yn ystod yr archwiliad:

mae Adroddiad yr Ymddiriedolwyr wedi'i baratoi yn unol a'r gofynion cyfreithiol perthnasol.

Materion y mae'n ofynnol i ni adrodd arnynt drwy eithriad

Yng ngoleuni'r wybodaeth a'r ddealltwriaeth o'r cwmni elusennol a'i amgylchedd a gafwyd yn ystod yr archwiliad, nid ydym wedi nodi camddatganiadau perthnasol yn Adroddiad yr Ymddiriedolwyr.

Nid oes gennym unrhyw beth i'w adrodd mewn perthynas a'r materion canlynol lie mae Deddf Cwmnlau 2006 yn ei gwneud

yn ofynnol i ni adrodd i chi os, ,yn ein barn ni:

Tudalen 6

ADRODOIAD YR ARCHWILWYR ANNIBYNNOL I AELODAU Y COLEG CYMRAEG CENEDLAETHOL

Cyfrlfoldebau ymddlriedolwyr

Fel yr eglurir yn llawnach yn y Datganiad o Gyfrifoldebau Ymddiriedolwyr, yr ymddiriedolwyr (sydd hefyd yn gyfarwyddwyr anweithredol y cwmni elusennol at ddibenion y gyfraith cwmnYau) sy'n gyfrifol am baratoi'r datganiadau ariannol ac am fod yn fodlon eu bod yn rhoi darlun gwir a theg, ac ar gyfer y fath reolaeth fewnol y mae'r ymddiriedolwyr yn barnu sy'n angenrheidiol i alluogi paratoi datganiadau ariannol sy'n rhydd o gamddatganiadau perthnasol, boed hynny oherwydd twyll neu wall.

Wrth baratoi'r datganiadau ariannol, mae'r ymddiriedolwyr yn gyfrifol am asesu gallu'r cwmni elusennol i barhau fel busnes byw, gan ddatgelu, fel y bo'n gymwys, materion sy'n ymwneud � busnes gweithredol a defnyddio sail busnes gweithredol cyfrifeg oni bai bod yr ymddiriedolwyr naill ai'n bwriadu diddymu'r busnes elusennol. cwmni neu i roi'r gorau i weithrediadau, neu nad oes ganddynt ddewis arall realistlg ond gwneud hynny.

Tudalen 7

ADRODOIAD YR ARCHWILWYR ANNIBYNNOL I AELODAU Y COLEG CYMRAEG CENEDLAETHOL

Ein cyfrlfoldebau am archwllio'r datganladau ariannol

Ein hamcanion yw cael sicrwydd rhesymoi ynghylch a yw'r datganiadau ariannol yn eu cyfanrwydd yn rhydd o gamddatganiadau perthnasol, boed hynny oherwydd twyll neu wall, a chyhoeddi Adroddiad yr Archwilwyr Annibynnol sy'n cynnwys ein barn. Mae sicrwydd rhesymoi yn lefel uchel o sicrwydd, and nid yw'n warant y bydd archwiliad a gynhelir yn unol ag ISAs (DU) bob amser yn canfod camddatganiad perthnasol pan fydd yn bodoli. Gall camddatganiadau ddeillio o dwyll neu wall ac fe'u hystyrir yn berthnasol os, yn unigol neu gyda'i gilydd, y gellid yn rhesymol ddisgwyl iddynt ddylanwadu ar benderfyniadau economaidd defnyddwyr a wneir ar sail y datganiadau ariannol hyn.

Manylir isod i ba raddau y mae ein gweithdrefnau'n gallu canfod afreoleidd-dra, gan gynnwys twyll:

I ba raddau yr ystyrlwyd bod yr archwlllad yn gallu canfod afreoleldd-dra, gan gynnwys twyll

Rydym yn nodi ac yn asesu risgiau camddatganiad sylweddol yn y Datganiadau Ariannol, boed hynny oherwydd twyll neu wall, ac yna, yn dylunio ac yn perfformio gweithdrefnau archwilio sy'n ymateb i'r risgiau hynny, gan gynnwys cael tystiolaeth archwilio sy'n ddigonol ac yn briodol i ddarparu sail ar gyfer ein barn ..

Buom yn trafod ein hannibyniaeth archwilio o ran cydymffurfio a•r Safon Foesegol Ddiwygiedig 2019 gydag aelodau'r !Im ymgysylltu wrth gynllunio'r archwiliad a buom yn monitro ein hannibyniaeth yn barhaus drwy gydol y broses.

Nodl ac asesu risgiau posibl yn ymwneud ag afreoleidd-dra.

Wrth nodi ac asesu risgiau camddatganiad sylweddol mewn perthynas ag afreoleidd-dra, gan gynnwys twyll a diffyg cydymffurfio a chyfreithiau a rheoliadau, roedd ein gweithdrefnau'n cynnwys y canlynol:

Holi rheolwyr, gan gynnwys cael ac adolygu dogfennaeth ategol, ynghylch polis'iau a gweithdrefnau'r cwmni sy'n ymwneud a: nodi, gwerthuso a chydymffurfio a chyfreithiau a rheoliadau ac a oeddent yn ymwybodol o unrhyw achosion o ddiffyg cydymffurfio;

Trafod ymhlith y tlm ymgysylltu sut a ble y gallai twyll ddigwydd yn y Datganiadau Ariannol ac unrhyw ddangosyddion posibl o dwyll.

Cael dealltwriaeth o'r fframweithiau cyfreithiol a rheoleiddiol y mae'r cwmni elusennol yn gweithredu ynddynt, gan ganolbwyntio ar y cyfreithiau a'r rheoliadau hynny a gafodd effaith uniongyrchol ar y Datganiadau Ariannol neu a gafodd effaith sylfaenol ar weithrediadau'r cwmni elusennol, Y cyfreithiau a'r rheoliadau allweddol y gwnaethom eu hystyried yn y cyd-destun hwn gynnwys Deddf CwmnYau'r DU a deddfwriaeth dreth berthnasol.

Ymateb archwillo I risglau a nodwyd

Yn ogystal a•r uchod, roedd ein gweithdrefnau i ymateb i risgiau a nodwyd yn cynnwys y canlynol:

gwerthuso sail resymegol busnes unrhyw drafodion sylweddol sy'n anarferol neu y tu allan i gwrs arferol y busnes.

Gwnaethom hefyd gyfleu cyfreithiau a rheoliadau perthnasol a nodwyd a risgiau twyll posibl i bob aelod o'r Um yrngysylltu a pharhau i fod yn effro i unrhyw arwyddion o dwyll neu ddiffyg cydyrnffurfio a chyfreithiau a rheoliadau trwy gydol yr archwiliad.

Ceir disgrifiad pellach o'n cyfrifoldebau ar gyfer archwilio'r datganiadau ariannoi ar wefan y Cyngor Adrodd Ariannol yn w w .frc.org.uk/auditorsresponsibilities. Mae'r disgrifiad hwn yn rhan o Adroddiad yr Archwilwyr Annibynnol.

Tudalen 8

ADRODDIAD YR ARCHWILWYR ANNIBYNNOL I AELODAU Y COLEG CYMRAEG CENEDLAETHOL

Defnydd o'n hadroddlad

Cyflwynir yr adroddiad hwn i aelodau'r cwmni elusennol yn unig, fel corff, yn unol � Phennod 3 o Ran 16 o Ddeddf CwmnTau 2006. Mae ein gwaith archwilio wedi'i wneud er mwyn i ni allu datgan i aelodau'r cwmni elusennol y materion hynny y mae'n ofynnol I ni au datgan iddynt mewn adroddiad archwilwyr ac nid at unrhyw ddiben arall. l'r graddau llawnaf a ganiateir gan y gyfraith, nid ydym yn derbyn nae yn eymryd cyfrifoldeb i unrhyw un ac eithrio'r cwmni elusennol ac aelodau'r cwmni elusennol fel cor , am ein gwaith archwilio, am yr adroddiad hwn, nae am y farn a luniwyd gennym.

Henry Lloyd-Davies (Uwch Archwilydd Statudol) dros ae ar ran Bevan Buckland LLP Cyfrifwyr Siartredig Ac Archwilwyr Statudol Llawr Gwaelod T9 Aberteifi Cwrt y Castell Pare Menter Abertawe Abertawe SA79LA . "2-.o / h ' '2.-4 t..� Dydd1ad: ................................................... .

Tudalen 9

Y COLEG CYMRAEG CENEDLAETHOL

DATGANIAD O WEITHGAREDDAU ARIANNOL

AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Nodyn
INCWM A GWADDOLION:
Rhoddlon a Chymymroddion
Gwelthgareddau elusennol
4
Addysg Uwch, Addysg Bellach a Phrentisiaethau
lncm buddsoddi
3
Cyfanswm
GWARIANT:
Rhoddlon a Chymymroddion
Gweithgareddau elusennol
5
Addysg Uwch, Addysg Sallac a Phrentislaethau
Aran
8
Cyfanswm
Enillion neU(colledion) ar fuddsoddiadau
INCWM NET/(GWARIANT)
CYSONI CRONFEYDD
Trosglwyddiadau rhwng cronfeydd
Cyfanswm yr arian a ddygwyd ymlaen
CYFANSWM Y CRONFEYDD A DDYGWYD YMLAEN
Cronfeydd
Anghyfngedlg
0
11,132,795
152,858
Cronfeydd
Anghyfngedlg
0
11,132,795
152,858		 Cronfeydd
Cyfngedlg
58,250
0
0
58,250
13,500
0
0		 Cronfeydd
Cyfngedlg
58,250
0
0
58,250
13,500
0
0		 2024
£
58,250
11,132,795
152,858
11,343,903
13,500
11,064,171
(1,131,683)
9,945,988
260,234
1,658,150
0
2,539,556
4,197,705		 2023
0
9,779,938
124,231
9,904,169
11,285,653
0
11,064,171
(1,131,683)
9,932,488
260,234		 0
9,733,579
259,470
13,500
0		 9,993,049
(277,320)
(366,200)
0
2,905,756
1,613,400
(28,000)
2,539,556		 44,750
28,000
0
4,124,955 72,750 2,539,556

Tudalen 10

V COLEG CYMRAEG CENEDLAETHOL

Y FANTOLEN 31 MAWRTH 2024

Nodyn 2024 2023
ASEDAU SEFYDLOG
Asedau diriaethol 13 65,610 70,587
Buddsoddiadau 14 3,850,019 3,560,802
3,915,629 3,631,389
ASEDAU PRESENNOL
Dyledwyr 15 380,429 283,001
Arian parod yn y bane ac mewn llaw 1,115,562 300,542
1,495,990 583,543
CREDYDWYR
Symiau sy'n ddyledus o fewn blwyddyn 16 (1,213,915) (520,699)
ASEDAU PRESENNOL NET 282,075 62,844
CYFANSWM ASEDAU LLAI ATEBOLRWYDD PRESENNOL 4,197,705 3,694,233
DARPARIAETH PENSIWN 20 (0) (1,154,678)
ASEDAU NET 4,197,705 2,539,555
CRON FEY DD
Cronfeydd anghyfyngedig
Cronfeydd cyfyngedig		 4,124,955
72,750		 2,539,556
0
CYFANSWM CRONFEYDD 4,197,705 2,539,556

Cymerad�d .... :J,,p __ · y itganiadau ariannol gan Fwrdd yr Ymddiriedolwyr ac awdurdodwyd eu cyhoeddi arac fe'u llofnodwyd ar ei ran gan: t \.rl-:�.\�. ��G� r Ymddlrleaotw ---------�--_)

ymddiriedolwr: Dr Aled Eirug

Tudalen 11

II

Y COLEG CYMRAEG CENEDLAETHOL

DATGANIAD LLIF ARIAN

AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

Lllf arlan o weithgareddau gwelthredu
Arian parod a gynhyrchir o weithrediadau
Llog a dalwyd
Arian net a ddarparwyd gan weithgareddau gweithredu
Llif arlan o welthgareddau buddsoddl
Prnu asedau sefdlog dlrlaethol
Prnu buddsoddiadau asedau sefdlog
Gwerthu buddsoddiadau asedau sefdlog
Llog a dderbynlwyd
Arian parod net a ddefnyddiwyd mewn gweithgareddau buddsoddi
Newid mewn arian parod a chyferh ag arian parod yn y cyfnod adrodd
Arian parod a chyfwerth ag arlan parod ar ddechrau'r cyfnod adrodd
Arlan parod a chyferth ag arlan parod ar ddlwedd y cyfnod adrodd
Nodyn
13
14
14
3
2024
£
807,323
{47,544)
759 779
(48,635)
{1,215,121)
1,186,138
132,858
55,240
815,020
300,542
1,115,562		 2023
£
173,248
{31,462)
141,786
{76,428)
{17,768)
543
104,231
10,578
152,364
148,178
300,542

Tudalen 12

V COLEG CYMRAEG CENEDLAETHOL

NODfADAU l'R DATGANfAD LLIF ARIAN· parhad AM Y FLWYDDYN A DDAETH f BEN 31 MAWRTH 202�

1. CYSONI (GWARIANT)/INCWM NET I LIF ARIAN NETO WEITH GAREODAU GWEITHREDOL

2024 2023
£ £
Gwarfant)/lncwm net ar gyfer y cyfnod adrodd
(yn unol A'r Oatganlad o Welthgareddau Ariannol) 1,658,150 (366,200}
Addasfadau ar gyfer:
Talladau dibrislant 53,612 51,905
Colledion/(ennill) ar fuddsoddiadau (260,234) 277,320
Llog a dderbynlwyd (132,858} (104,231}
Llog a dalwyd 47,544 31,462
Gostyngiad/(cynnydd) mewn dyledwyr (97,428) (36,569}
(Gostynglad}/cynnydd mewn credydwyr 693,216 108,860
Gwahanlaelh rhwng til penslwn a chyfranladau arian parod (1,154,678) 212,701
Arlan net a ddarperlr gan welthrediadau 807,323 173,248
2. DADANSODDIAO O NEWIDIADAU MEWN CRONFEYOD NET Ar 1.4.23 Lllf arlan Ar 31.3.24
£ £ £
Arlan parod net
Arian parod yn y bane ac mewn llaw 300,542 815,020 1,115,562
Cyfanswm 300,542 815,020 1,115,562

Tudalen 13

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

1. POLIS)'AU CYFRIFEG

Sail paratol'r datganiadau ariannol

Mae datganiadau ariannoi y cwmni elusennol, sy'n endid budd cyhoeddus o dan FRS 102, wedl'u paratoi yn unol a·r SORP Elusennau (FRS 102) 'Cyfrifo ac Adrodd gan Elusennau: Datganiad o Arferion Cymeradwy sy'n berthnasol i elusennau sy'n paratoi eu cyfrifon yn unol a•r Safon Adrodd Ariannol sy'n gymwys yn y DU a Gweriniaeth lwerddon (FRS 102) (yn weithredol 1 lonawr 2019)', Safon Adrodd Ariannol 102 ·y Safon Adrodd Ariannol sy'n gymwys yn y DU a Gwerlnlaeth iwer d on' a Deddf Cwmnlau 2006. Mae'r datganiadau ariannol wedi'u paratoi o dan y confensiwn cost hanesyddol, ac eithrio buddsoddiadau sydd wedi'u cynnwys yn 01 gwerth y farchnad, fei y'i diwygiwyd gan ailbrisio rhai asedau.

Dyfarnladau cyfrifeg critlgol a ffynonellau allweddol o anslcrwydd amcangyfrif

Roedd amcangyfrifon a dyfarniadau sylweddol a ddefnyddiwyd wrth baratoi'r wybodaeth ariannol hon fel a ganlyn:

(i) Rhwymedigaethau buddion ymddeol

Rhoddir cyfrif am yr USS fel cynllun cyfraniadau diffiniedig gan nad oes digon o wybodaeth ar gael I ddefnyddio cyfrifeg buddion diffiniedig. Fedd bynnag, gan fod rhwymedigaeth gytundebol ar y Coleg i dalu cyfraniadau i'r USS i ariannu diffygion y gorffennol, darperir ar gyfer yr elfen hon o'r rhwymedigaeth ar y fantolen.

Mae'r cynllun adennill diffyg a roddwyd ar waith gan yr USS yn nodi cyfran y cyfraniadau blynyddol sy'n ymwneud ag adennill diffyg yn y gorffennol, a'r cyfnod y mae'r rhain wedi'u hymrwymo ar ei gyfer. Mae'r cyfraniadau diffyg ymrwymedig hyn yn cael eu hailasesu a phob prisiad lair blynedd o'r cynllun, ac maent yn sail i'r ddarpariaeth, ynghyd a rhagdybiaethau ar chwyddiant priodol a ffactorau disgownt. Mae'r rhagdybiaethau hyn yn effeithio ar lefel y ddarpariaeth a gyfrifir. Ceir rhagor o fanylion yn Nodyn 20.

PollsYau lncwm a chydnabod

Caiff eitemau incwm eu cydnabod a'u cynnwys yn y datganiadau ariannol pan fodlonir yr holl felnl prawf canlynol:

Mae gan yr Elusen hawl i'r cronfeydd;

Mae digon o sicrwydd bod derbyn yr incwm yn cael ei ystyried yn debygoi; a Gellir mesur y swm yn ddibynadwy.

Llog derbyniadwy

Mae Hog ar gronfeydd a ddelir ar adnau yn cael ei gynnwys pan fo'n dderbyniadwy a gall yr elusen fesur y swm yn ddibynadwy; gwneir hyn fel arfer ar 01 cael gwybod am y llog a dalwyd neu sy'n daladwy gan y Banc.

Gwariant

Caiff rhwymedigaethau eu cydnabod fel gwariant cyn gynted ag y bydd rhwymedigaeth gyfreithiol neu ddeongliadol sy'n ymrwymo'r elusen i'r gwariant hwnnw, mae'n debygol y bydd angen trosglwyddo buddion economaidd fel setliad a gellir mesur swm y rhwymedigaeth yn ddibynadwy. Rhoddir cyfrif am wariant ar sail croniadau ac mae wedi'i ddosbarthu o dan benawdau sy'n cyfuno'r hell gostau sy'n gysylltledig a•r categori. Lie na ellir priodoli costau'n uniongyrchol i benawdau penodol maent wedi'u dyrannu i weithgareddau ar sail sy'n gyson a•r defnydd o adnoddau.

Nodir grantiau a gynigir yn amodol ar amodau na chyflawnwyd ar ddyddiad diwedd y flwyddyn tel ymrwymiad ond heb eu cronni fel gwariant.

Dyrannu a dosrannu costau

Costau cymorth yw'r swyddogaethau hynny sy'n cynorthwyo gwaith yr elusen ond nad ydynt yn ymgymryd a gweithgareddau elusennol yn uniongyrchol. Mae costau cynnal yn cynnwys costau cefn swyddfa, personal cyllid, cyflogres a chostau llywodraethu sy'n cefnogi'r gweithgareddau addysgol. Mae'r seiliau ar gyfer dyrannu costau cymorth wedi'u nodi yn nodyn 7.

Asedau sefydlog dlriaethol

Darperir dibrisiant ar y cyfraddau blynyddol canlynol er mwyn dileu pob ased dros el oes ddefnyddiol amcangyfrifedig.

Gosodion a ffitiadau 10 - 25% ar gost Cyfarpar cyfrifiadurol 33% ar gost

Buddsoddiadau

Caiff buddsoddiadau eu prisio ar y pris cynnig a ddyfynnwyd. Mae enillion neu golledion heb eu gwireddu yn deillio o'r symudiad yng ngwerth y farchnad yn ystod y flwyddyn.

Tudalen 14

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DA TGANIADAU ARIANNOL - parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

1. POLIS"iAU CYFRIFEG - parhad

Dyledwyr

Mae dyledwyr masnach a dyledwyr eraill yn cael eu cydnabod ar swm y setllad. Caiff rhagdaliadau eu prisio ar y swm a dalwyd ymlaen llaw ar 61 ystyried unrhyw ostyngiadau masnach sy'n ddyledus.

Arlan parod a chyfwerth ag arlan parod

Mae arian parod a chyfwerth ag arian pared yn cynnwys arian parod a buddsoddiadau hynod hylifol tymor byr gydag aeddfedrwydd byr a dri mis neu lai a ddyddiad caffael neu agor y cyfrif adnau neu gyfrif tebyg.

Credydwyr

Mae credydwyr tymor byr yn cael eu mesur ar bris trafodlon (sef pris yr anfoneb fel arfer).

Trethu

Fel elusen gofrestredig, yn gyffredinal mae'r elusen wedi'i heithria rhag treth garffaraeth a dan adrannau 466 i 493 a Ddeddf Treth Garfforaeth 2010, ar yr amad bod yr incwm sy'n codi yn cael ei ddefnyddia at ddibenian elusennol. Mae adran 256 TCGA 1992 hefyd yn darparu eithriad rhag treth ar enillion cyfalaf, ar yr arnad bod yr enillian yn cael eu defnyddio at ddibenian elusennal. Nid oes unrhyw dal treth yn codi yn ystod y flwyddyn.

Cyfrifo'r gronfa

Gall cronfeydd anghyfyngedig gael eu defnyddio yn unol a·r amcanion elusennal yn 61 disgresiwn yr ymddiriedolwyr.

Dim and at ddibenian cyfyngedig arbennig o fewn arncanion yr elusen y gellir defnyddia cranfeydd cyfyngedig. Mae cyfyngiadau'n codi pan nadir hynny gan y rhoddwr neu pan gadir arian at ddibenion cyfyngedig penadal.

Mae esboniad ychwanegol o natur a diben pob cronfa wedi'i gynnwys yn y nadiadau i'r datganiadau ariannal.

Costau penslwn a buddion eraili ar 61 ymddeol

Y prif gynllun pensiwn buddion diffiniedig ar gyfer staff y Caleg yw Cynllun Blwydd-dal y Prifysgalian (USS). Mae'r cynllun yn gynllun buddian diffiniedig a ariennir. Mae'r cranfeydd yn cael eu prisio'n actiwaraidd bob tair blynedd gan actiwari a chymwysterau proffesiynol gan ddefnyddio nail! ai'r dull cyfanredol neu'r dull oedran cyrhaeddiad a chyfraddau'r cyfraniadau sy'n daladwy yn cael eu pennu gan ymddiriedalwyr y cynllun ar gyngor yr actiwari . Y prisiad actiwaraidd diweddaraf sydd ar gael o'r cynllun ar 31 Mawrth 2024 oedd prisiad Mawrth 2020.

Mae'r USS yn gynllun amlgyflogwr ac nid yw'n bosibl adnabad asedau a rhwymedigaethau i aeladau'r Caleg ar ei gyfer oherwydd natur gydfuddiannol y cynllun ac telly cyfrifir am y cynllun hwn fel cynllun buddion yrnddeoliad cyfraniad diffiniedig.

Mae rhwymedigaeth yn cael ei chofnodi a fewn darpariaethau ar gyfer unrhyw ymrwymiad cytundebol i ariannu diffygion yn y gor f ennol o fewn cynllun USS.

Offerynnau ariannol

Mae'r cwmni elusennol wedi dewis mabwysiadu Adrannau 11 a 12 FRS 102 mewn perthynas ag offerynnau ariannal.

i. Asedau ariannol

Mae asedau ariannol syifaenal, gan gynnwys dyledwyr masnach a dyledwyr eraill, balansau arian parod a bane a buddsoddiadau mewn papur masnachal, yn cael eu cydnabod i ddechrau ar bris y trafadiad, oni bai bod y trefniant yn drafodiad ariannu, lie caiff y trafodiad ei fesur ar werth presennol y derbyniadau yn y dyfodal a ddisgawntiwyd ar gyfradd llog y farchnad.

Mae asedau o'r fath wedyn yn cael eu cario ar gost wedi'i hamorteiddio gan ddefnyddio'r dull llog effeithiol.

Ar ddiwedd pab cyfnod adrodd, asesir asedau ariannol a fesurir ar gost arnorteiddiedig i gael tystiolaeth wrthrychal o amhariad. Os oes amhariad ar ased, y golled arnhariad yw'r gwahaniaeth rhwng y swrn cario a gwerth presennol y llif arian amcangyfrifedig wedi'i ddisgowntio ar gyfradd llog effeithial wreiddial yr ased. Cydnabyddir y golled amhariad mewn elw neu galled.

Os bydd gostyngiad yn y golled amhariad sy'n deillio o ddigwyddiad ar 61 i'r nam gael ei adnabod, caiff y nam ei wrthdroi. Mae'r gwrthdroad yn galygu nad yw'r swm cario presennol yn fwy na'r swm cario pe na bai'r amhariad wedi'i gydnabod yn flaenarol. Mae gwrthdroad yr amhariad yn cael ei gydnabod mewn elw neu galled.

Mae asedau ariannol eraill, gan gynnwys buddsoddiadau mewn offerynnau ecwiti nad ydynt yn is-gwmnrau, yn gwmnrau cyswllt neu'n gyd-fentrau, yn cael eu mesur i ddechrau ar werth teg, sef pris y trafodiad fel arfer.

Tudalen 15

V COLEG CVMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL. parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 202◄

1. POLISIAU CYFRIFEG • parhad

Offerynnau arlannol

Caiff asedau o'r falh eu carlo wedyn ar werth leg a chalff y newldladau mewn gwerth teg eu cydnabod mewn elw neu gelled, ac eithrio bod buddsoddiadau mewn offerynnau ecwlti nad ydynt yn cael eu masnachu'n gyhoeddus ac na ellir mesur eu gwerthoedd leg yn ddibynadwy yn cael eu mesur ar gos! llai amhariad.

Mae asedau ariannol yn cael eu dadgydnabod pan fydd (a) yr hawliau cytundebol i'r llif arian o'r ased yn dod i ben neu·n cael eu setlo neu (b) holl risgiau a gwobrau perchnogaeth yr ased yn cael eu trosglwyddo, yn sylweddol, I barti arall neu (c) mae rheoli'r ased wedl cael el drosglwyddo I bartl arall sydd a'r gallu ymarferol I werthu'r ased yn unochrog i drydydd partl dlgyswllt heb osod cyfyngiadau ychwanegol.

ii. Rhwymedigaethau ariannol

Mae rhwymedigaethau ariannol sylfaenol, gan gynnwys credydwyr masnach a chredydwyr eralll, yn cael eu cydnabod I ddechrau ar brls y trafodiad, oni bai bod y trefnlant yn gyfystyr a thrafodlad ariannu, lie mae'r offeryn dyled yn cael el fesur ar werth presennol derbyniadau'r dyfodol wedi'u disgowntio ar gyfradd llog y farchnad.

Mae credydwyr masnach yn rhwymedigaethau i dalu am nwyddau neu wasanaethau sydd wedl'u caffael fel rhan o fusnes arferol gan gyflenwyr. Mae credydwyr yn cael eu dosbarthu fel rhwymedigaethau cyfredol os yw taliad yn ddyledus o fewn blwyddyn neu lai. Os nad ydynt, cant eu cyflwyno fel rhwymedlgaethau anghyfredol. Mae credydwyr masnach yn cael eu cydnabod i ddechrau ar brls trafodlon ac yna'n cael eu mesur ar gost wedi'f hamortelddlo gan ddefnyddio'r dull llog effeithiol.

Mae rhwymedigaethau arlannol yn cael eu dadgydnabod pan fydd y rhwymedlgaeth yn cael el dileu, hynny yw pan fydd y rhwymedlgaeth gylundebol yn cael ei rhyddhau, ei chanslo neu pan ddaw I ben.

Ill. Gwrthbwyso

Mae asedau a rhwymedigaethau ariannol yn cael eu gwrthbwyso a'r symiau net a gyHwynlr yn y datganiadau arlannol pan fo haw! y gelllr el gorfodi'n gyfreithlol I wrthbwyso'r symlau cydnabyddedlg a bod bwrlad I setlo ar sail net neu I wireddu'r ased a setlo'r mwymedigaeth ar yr un pryd.

2. RHODDION A CHYMYNRODDION

2. RHODDION A CHYMYNRODD ION
Cronfeydd Cronfeydd
Anghyfyngedlg Cyfyngedig 2024 2023
£ £ £ £
Unigolion a sefydliadau 0 58,250 58,250 0
Cymynroddion 0 0 0 0
0 58,250 68,260 0
3. INCWM BUDDSODDI
2024 2023
£ £
Rhenti a dderbyniwyd 20,000 20,000
lncwm buddsoddiadau 132,858 104,231
152,858 124,231
4. INCWM O WEITHGAREDDAU ELUSENNOL 2024 2023
Gwelthgaredd £ £
Grantlau Uywodraelh Addysg Uwch, Addysg Bellach a Phrentisiaethau 10,228,000 8,982,860
Tangysgrlfladau Sefydliadol Addysg Uwch, Addysg Bellach a Phrentlslaethau 99,403 99,403
Cymraeg Gwaith Addysg Uwch, Addysg Bellach a Phrentisiaethau 723,400 641,000
lncwm Arall Addysg Uwch, Addysg Bellach a Phrentlsiaethau 93,558 56,675
Rhoddlon Addysg Uwch, Addysg Bellach a Phrenlisiaethau 46,685 0
11,191,046 9,779,938
Mae'r grantiau a dderbynlwyd, sydd wedi'u cynnwys yn yr uchod, fel a ganlyn:
2024 2023
£ £
Grantiau Llywodraeth Cymru 10,228,000 8,982,860

Grantiau Llywodraeth Cymru

Tudalen 16

V COLEG CVMRAEG CENEDLAETHOL

NODIADAU ARV DATGANIADAU ARIANNOL • parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

5. COSTAU GWEITHGAREDDAU ELUSENNOL

5. COSTAU GWEITHGAREDDAU ELUSENNOL
Costau Ariannu grant o Costau Cyfnswm
Uniongyrchol weithgareddau Cefnogaeth
(gweler (gweler
nodyn 6) nodyn 7)
£ £ £ £
Addysg Uwch, Addysg Bellach a Phrentisiaethau 1,929,682 7,736,414 1,411,575 11,077,671
6. GRANTIAU SY'N DALADWY
2024 2023
£ £
Addysg Uwch, Addysg Bellach a Phrentisiaethau 7,736,414 6,541,629
Roedd cyfanswm y grantiau a dalwyd i sefydliadau yn ystod y flwyddyn fel a ganlyn:
Prifysgol Abertawe 507,694 484,805
Prifysgol Aberstwyth 483,122 539,705
Prifysgol Bangor 901,789 816,864
Prifysgol Caerdydd 608,018 636,925
Prifysgol Cymru Y Drindod Dewi Sant 169,028 167,878
Prifysgol De_Cymru_ 360,534 179,294
Prifysgol Metropolitan Caerdydd 311,909 225,750
Prifysgol Wrecsam 74,659 67,500
Prifysgol Cymru 2,496 6,091
Y Brifsgol Agored 0 0
Coleg Cambria 286,800 213,813
Coleg Caerdydd a'r Fro 343,800 191,773
Coleg y_Cymoedd_ 215,900 100,900
Coleg Gwent 210,400 135,733
Coleg Gwyr Abertawe 317,800 183,000
Coleg Sir GarICerediglon 258,889 196,385
Grwp Llandrillo Menai 327,300 254,295
Coleg Merthyr 159,400 100,900
Grp Nedd Port Talbot 187,800 193,300
Coleg Penfro 200,300 139,967
Coleg Penybonl 200,900 140,400
Addysg Oedolion Cymru 38,400 38,400
Hyfforddiant ACT 83,550 9,480
Hyfforddiant Cambrian 82,400 52,400
EducB 82,400 52,400
ITEC 82,400 52,400
Cenedlaethol 98,051 130,349
6,595,738 5,310,707
Dyma gyfanswm y grantiau a dalwyd i unigolion yn ystod y flwyddyn:
2024 2023
£ £
Ysgoloriaethau lsraddedig 609,000 644,500
Y sgoloriaethau 01-raddedig 531,676 586,422
1,140,676 1,230,922

Tudalen 17

V COLEG CVMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL • parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

7. COSTAU CVMORTH

7. COSTAU CVMORTH
Marchnata a Hyfforddlant Cytundeb
chyfathrebu Rhwydwalth
£ £ £
Addysg Uwch, Addysg Bellach a Phrentisiaethau 170,691 11,234 95,440
Rhent Gwelnyddu Gwelthgaredd
addysgol
£ £ £
Addysg Uwch, Addysg Bellach a Phrentisiaethau 119,243 301,032 616,257
Llywodraethu Cefnogaeth Cyfanswm
£ £ £
Addysg Uwch, Addysg Bellach a Phrentisiaethau 58,477 39,201 1,411,575
8.ARALL
2024 2023
£ £
Costau Pensiwn (1,131,683) 259,470
Wedi'i gynnwys o fewn gwariant arall mae'r cynnydd yn y ddarpariaeth USS (Nodyn 20).

9. INCWM/(GWARIANT)

lncwm/(gwariant) net yn cael ei ddatgan ar 01 codi tal/(credydu):

2024 2023
£ £
TAI yr archwilwyr 19,440 11,365
Dibrisiant - asedau dan berchnogaeth 53,612 51,905

10. TAL A BUDDION YR YMDDIRIEDOLWYR

Nid oedd unrhyw dal cydnabyddiaeth ymddiriedolwyr na buddion eraill ar gyfer y flwyddyn a ddaeth i ben 31 Mawrth 2024 nae ar gyfer y flwyddyn a ddaeth i ben 31 Mawrth 2023.

Talwyd honorariwm o £7,500 yn ystod y flwyddyn I Gadeirydd y Bwr .

Treullau Ymddlrledolwyr

Talwyd £3,595 i 9 ymddiriedolwr yn ystod y flwyddyn (2023: £2,546 i 9 ymddiriedolwr).

11. COST AU STAFF

11. COST AU STAFF
Cyflogau
Costau nawdd cymdeithasol
Costau pensiwn eraill
Roedd nifer misol cyfartalog_y_cyfogeion yn ystod y flwyddyn fel a ganlyn:
Staff
2024
£
1,529,876
160,523
(892,400)
797,999
2024
39		 2023
£
1,240,102
136,871
455,611
1,832,584
2023
33

Tudalen 18

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL- parhad AMY FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

11. COSTAU STAFF - parhad

Roedd niter y gweithwyr yr oedd eu buddion cyflogeion (ac eithrio costau pensiwn y cyflogwr) yn fwy na £60,000 fel a ganlyn:

2024 2023
£60,001 - £70,000 0 0
£70,001 - £80,000 2 2
£80,001 - £90,000 0 1
£90,001 - £100,000 1 0
3 3

Cyfanswm cyfraniadau pensiwn y cyflogwr a dalwyd i gynlluniau cyfraniadau diffiniedig ar gyfer y cyflogai ar gyflog uwch oedd £49,120 (2023: £51,176).

Personal rheoli allweddol.

Cyfanswm buddion gweithwyr personal rheoli allweddol yr Elusen oedd £327,559 (2023: £305,095)

12. CYMHARIAETHAU AR GYFER Y DATGANIAD GWEITHGAREDDAU ARIANNOL

INCWM A GWADDOLION 0
Weithgareddau elusennol
Addysg Uwch, Addysg Beliach a Phrentlsiaethau
incwm Buddsoddi
Cyfanswm
GWARIANT AR
Weithgareddau elusennol
Addysg Uwch, Addysg Bellach a Phrentisiaethau
Arall
Cyfanswm
Enillion net ar fuddsoddiadau
INCWMNET
CYSONI CRONFEYDD
Cyfanswm yr arlan a ddygwyd ymlaen
CYFANSWM Y CRONFEYDD A DDYGWYD YMLAEN		 Cronfa
Anghyfyngedig
£
9,779,938
124,231
9,904,169
9,733,579
259,470
9,993,049
(277,320)
(366,200)
2,905,756
2,539,556
Cronfa
Cyfyngedig
£
0
0
0
0
0
0
0
0
0
0
Cyfanswm
Cronfeydd
£
9,779,938
124,231
9,904,169
9,733,579
259,470
9,993,049
(277,320)
(366,200)
2,905,756
2,539,556

Tudalen 19

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL • parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

13. ASEDAU SEFYDLOG DIRIAETHOL

COST
Ar 1 Ebril 2023
Y chwanegiadau
Ar 31 Mawrth 2024
DIBRISIANT
Ar 1 Ebril 2023
Tam flwyddyn
Ar 31 Mawrth 2024
GWERTH LL YFR NET
Ar 31 Mawrh 2024
Ar 31 Mawrth 2023		 Gosodion a
ffitiadau
£
64,059
3,760
67,819
56,995
3,455
60,450
7,369
7,064
Offer
Cyfrifiadurol
£
346,976
44,875
391,851
283,453
50,156
333,609
58,241
63,523		 Cyfanswm
£
411,035
48,635
459,670
340,448
53,612
394,060
65,610
70,587

14. BUDDSODDIADAU ASEDAU SEFYDLOG

14. BUDDSODDIADAU ASEDAU SEFYDLOG
GWERTH Y FARCHNAD
Ar 1 Ebril 2023
Ychwanegiadau
Gwarediadau
Ailbrisiadau
Ar 31 Mawrh 2024
GWERTH LL YFR NET
Ar 31 Mawrth 2024
Ar 31 Mawrth 2023		 Buddsoddiadau
rhestredig
3,560,802
1,215,121
(1,186,138)
260,234
3,850,019
3,850,019
3,560,802

Mae'r buddsoddiad yn cynnwys £461,707 (2023: £417,433) wedi'i fuddsoddi mewn cronfa Hylifedd a £3,388,312 (2023: £2,840.117) wedi'i fuddsoddi mewn Cronfeydd Pen Agored.

15. DYLEDWYR: SYMIAU SY'N SYRTHIO'N DDYLEDUS O FEWN FLWYDDYN

2024 2023
£ £
Dyledwyr masnach 16,826 0
Dyledwyr eraill 275,000 202,789
Rhagdaliadau 88,603 80,212
380,429 283,001

Tudalen 20

V COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL - parhad AM V FLWYOOYN A DOAETH I BEN 31 MAWRTH 2024

16. CREDYOWYR: SYMIAU SY'N SYRTHIO'N DOYLEOUS O FEWN BLWYODYN

16. CREDYOWYR: SYMIAU SY'N SYRTHIO'N DOYLEOUS O FEW N BLWYODYN
2024 2023
£ £
Credydwyr masnach 1,041,351 242,229
Nawdd cymdeithasol a threthi eralll 38,888 33,574
Croniadau ac lncwm gohiriedig 133,677 244,896
1,213,915 520,699

17. CRONFEYDD CYFYNGEDIG

17. CRONFEYDD CYFYNGEDIG
Ar31 Mawrth Trosglwyddwyd Derbyniwyd Gwariwyd Ar31 Mawrth
2023 o'r Gronfa 2024
Gyffredlnol
£ £ £ £ £
Bwrsariaeth Gareth Pierce 0 0 9,000 (9,000) 0
Bwrsarlaeth Goffa Dr Ll9r Roberts
Ysgoloriaeth Cyngor Gwynedd		 0
0		 0
0		 8,750
3,000		 0
(3,000)		 8,750
0
Ysgoloriaeth Defi Fet
Ysgoloriaeth Gwilym Prys Davies		 0
0		 0
28,000		 37,500
0		 (500)
(1,000)		 37,000
27,000
0 28,000 58,250 !13,500) 72,750

i. Derbyniwyd rhoddlon yn ystod 2023/24 er cof am Dr ll9r Roberts a OGE Davies (Deli Fet). Dymuniad y teuluoedd oedd sefydlu cronfeydd er mwyn i'r Coleg ariannu ysgolorlaethau a bwrsariaethau ar gyfer myfyrwyr sydd yn astudio drwy gyfrwng y Gymraeg;

ii. Cefnogir ysgoloriaelhau a bwrsariaethau yn ogystal gan Gyngor Gwynedd a CBAC (Bwrsariaeth Gareth Pierce). Mae"r Coleg yn dyfarnu'r gwobrau i fyfyrwyr cymwys sy'n astudio drwy gyfrwng y Gymraeg a darperir y cyllid yn flynyddol gan y ddau gorff;

iii. Trosglwyddwyd cyllid o'r Gronfa Gyffredinol yn ystod 2023/24 er mwyn cyllido Ysgoloriaeth flynyddol er cof am Gwilym Prys Davies.

18. CYTUNDEBAU PRYDLESU

Mae isafswm taliadau prydles o dan brydlesi gweithredu na ellir eu canslo yn syrthio'n ddyledus fel a ganlyn:

2024 2023
£ £
0 fewn un flwyddyn 121,992 94,082
Rhwng un a phum mlynedd 268,084 91,142
390,076 185,224

Tudalen 21

Y COLEG CYMRAEG CENEDlAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL - parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 202-4

19. SYMUDIAD MEWN CRONFEYDD

Trosglwyddwyd
rhwng
Ar 1.4.23 Symudiad net cronfeydd Ar 31.3.24
£ £ £ £
Cronfeydd anghyfyngedig
Cronfa gyffredinol		 2,539,556 1,613,400 (28,000) 4,124,955
Cronfeydd cyfyngedig
Cronfeydd cyfyngedig 0 44,750 28,000 72,750
CYFANSWM CRONFEYDD 2,539,556 1,658,150 0 4,197,706

Mae'r symudiadau net mewn cronfeydd, sydd wedi'u cynnwys yn yr uchod, fel a ganlyn:

Adnoddau dod i Adnoddau a Enlllion a Symudlad
fewn wariwyd cholledion cronfeydd
£ £ £ £
Cronfeydd anghyfyngedig
Cronfa gyffredinol 11,285,653 9,932,488 260,234 21,478,375
Cronfeydd cyfyngedig
Cronfeydd cyfyngedig 58,250 13,500 0 71,750
CYFANSWM CRONFEYDD 11,343,903 9,945,988 260,234 21,650,126

Cymariaethau ar gyfer symudiad cronfeydd

Cymariaethau ar gyfer symudiad cronfeydd
Ar 1.4.22 Symudiad net Ar31.3.23
£ £ £
Cronfeydd anghyfyngedig
Cronfa gyffredinol 2,905,756 (366,200) 2,539,556
CYFANSWM CRONFEYDD 2,905,756 p66,200! 2,539,556

Mae symudiadau net cymharol mewn cronfeydd, sydd wedi'u cynnwys yn yr uchod, fel a ganlyn:

Adnoddau Adnoddau a Enillion a Symudiad
dod i fewn wariwyd cholledion cronfeydd
£ £ £ £
Cronfeydd anghyfyngedlg
Cronfa gyffredinol 11,285,653 (9,932,488) 260,234 1,613,400
Cronfeydd cyfyngedlg
Cronfeydd cyfyngedlg 58,250 (13,500) 0 44,750
CYFANSWM CRONFEYDD 11,343,903 (9,946,988) 260 1234 1,658,150

Tudalen 22

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU ARY DA TGANIADAU ARIANNOL • parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

20. DARPARIAETH PENSIWN

Diffyg Cynllun Blwydd-dal y Prlfysgollon (USS)

Rhwymedlgaeth I arlannu diffyg ar bensiwn USS

Rhwymedlgaeth I arlannu diffyg ar bensiwn USS
2024
£
Fel 1 Ebrill 2023 1,154,678
Cyfraniadau a dalwyd (70,539)
(Gostyngiad)/cynnydd yn y ddarpariaeth (1,131,683)
Cost llog 47,544
Ar 31 Mawrth 2024 0

Mae'r rhwymedigaeth i ariannu'r diffyg yn y gorffennol ar Gynllun Pensiwn y Brifysgol (USS) yn deillio o rwymedlgaeth gytundebol a•r cynllun pensiwn ar gyfer cyfanswm taliadau sy'n ymwneud a buddion sy'n deillio o berfformiad yn y gorffennol. Mae'r rheolwyr wadi asesu gweithwyr y dyfodol o fewn cynllun USS a thaliad cyflog dros gyfnod y rhwymedigaeth gontractiol wrth asesu gwerth y ddarpariaeth hon yn seiliedig ar amodau a oedd yn bodoli ar yr adeg honno.

Roedd y tybiaethau allweddol a ddefnyddiwyd ar ddiwedd y cyfnod adrodd fel a ganlyn:

2024 2023
% %
Twf cyflog 5.00% 5.00%
Gyfradd ddisgownt 0.00% 5.49%

Cynllun Blwydd-dal y Prifysgolion (USS) yw'r prif gynllun ar gyfer staff, sy'n darparu buddion yn seiliedig ar gyflog pensiynadwy terfynol ar gyfer aelodau Cyflog Terfynol (sydd bellach ar gau i newydd-ddyfodiaid) a Buddiannau Gyrfa wedi'u Hailbrisio (CRB) ar gyfer newydd-ddyfodiaid ers 2011. Delir asedau'r cynllun mewn cronfa ar wahan a weinyddir gan yr ymddiriedolwr, Universities Superannuation Limited.

Oherwydd natur gydfuddiannol y cynllun, nid yw asedau'r cynllun yn cael eu neilltuo i'r Coleg a sefydliadau unigol a gosodir cyfraniad cynllun cyfan. Mae'r Coleg felly yn agored i risgiau actiwaraidd sy'n gysylltiedig a gweithwyr sefydlladau eraill ac nid yw'n gallu nodi ei gyfran o asedau a rhwymedigaethau sylfaenol y cynllun ar sail gyson a rhesymol ac felly, fel sy'n ofynnol gan FRS102, mae'n rhoi cyfrif am y cynllun fel petal'n gynllun cyfraniadau diffiniedig.

O ganlyniad, mae'r swm a godwyd ar y cyfrif incwm a gwariant yn cynrychioli'r cyfraniadau sy'n daladwy i'r cynllun mewn perthynas a•r cyfnod cyfrifeg. Fodd bynnag, o dan SORP Elusennau (FRS102), mae rhwymedigaeth hefyd yn cael ei chofnodi o fewn darpariaethau ar gyfer unrhyw ymrwymiad cytundebol i ariannu diffygion yn y gorffennol o fewn yr USS.

Tudalen 23

Y COLEG CYMRAEG CENEDLAETHOL

NODIADAU AR Y DATGANIADAU ARIANNOL • parhad AM Y FLWYDDYN A DDAETH I BEN 31 MAWRTH 2024

21. DATGELIADAU PARTiON CYSYLLTIEDIG

Yn ystod y flwyddyn, ymgymerwyd fl'r trafodion canlynol a pharl'ion cysylltiedig:

Swm o £3,675,641 (2023: £3,315,106) i Sefydliadau Addysg Uwch er rnwyn ariannu gweithgareddau addysgol yn y sefydliadau hynny. Mae'r sefydliadau hyn yn warantwyr y Coleg fel y nodir isod.

22. CWMNI CYFYNGEDIG TRWY WARANT

Mae'r Coleg yn gwmni cyfyngedig trwy warant ac telly nid oes ganddo gyfalaf cyfrannau. Gwarantwyr y cwmni yw'r sefydliadau canlynol:

Prifysgol Abertawe Prifysgol Aberystwyth Prifysgol Bangor Prifysgol Caerdydd Prifysgol Cymru Prifysgol Cymru Y Drindod Dewi Sant Prifysgol De Cymru Prifysgol Metropolitan Caerdydd Prifysgol Wrecsam Y Brifysgol Agored yng Nghymru Llyfrgell Genedlaethol Cymru Cymdeithas Llywodraeth Leol Cymru Cymdeithas Ysgolion Oros Addysg Gymraeg Rhieni dros Addysg Gymraeg Undeb Cenedlaethol Myfyrwyr Cymru Mudiad Meithrin Addysg a Gwella lechyd Cymru

Cyfyngir rhwymedigaeth pob aelod i £10, sef y swm y mae pob aelod yn ymrwymo i'w gyfrannu at asedau'r Coleg pe bai'n cael ei ddirwyn i ben tra'i fod yn aelod neu o fewn blwyddyn i ddiwedd ei aelodaeth, er mwyn:

(a) talu dyledion a rhwymedigaethau'r Coleg a ddigwyddodd Ira roeddent yn dal yn aelod,

(b) talu costau, taliadau a threuliau dirwyn i ben, ac

(c) addasu hawliau'r cyfranwyr hynny ymhlith ei gilydd.

Tudalen 24

REGISTERED COMPANY NUMBER: 07550507 (England and Wales) REGISTERED CHARITY NUMBER: 1143525

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Y COLEG CYMRAEG CENEDLAETHOL

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

Y COLEG CYMRAEG CENEDLAETHOL

CONTENTS OF THE FINAN CIAL STATEMENTS FORTHE YEARENDED31MARCH2024

Page
The Chair's Report
Repor of the Trustees 2 to 5
Report of the Independent Auditors 6 to 9
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 24
Detailed Statement of Financial Activities 25 to 26

Y COLEG CYMRAEG CENEDLAETHOL

THE CHAIR'S REPORT FOR THE YEAR ENDED31MARCH2024

It is my pleasure to present the Coleg's Financial Statements for 2023/24. This has been a very busy year and I have been impressed by the evidence of the Coleg's work and influence across the various educational sectors.

At our universities, the impact of our planning and the funds we invest are significant. By supporting provision in a variety of subjects and providing scholarships to students, the Coleg increases Welsh speakers' access to higher education through the medium of Welsh. It is exciting to see the Coleg continuing to promote new learning experiences - especially in areas that are key to developing the bilingual workforces of the future, such as the health professions, education and the creative industries, for example - through subject grants, catalyst grants and various projects.

While the Coleg has worked with universities for over a decade, its involvement with further education colleges and the apprenticeship sector is relatively recent. The initial investment is already making an impressive impact in these areas, often in contexts where there is little or no tradition of Welsh-medium or bilingual provision. The review of the action plan for post-16 provision will be an opportunity to build on this and expand the Coleg's work.

I would like to thank members of the Coleg Board, the senior management team and all of the Coleg's staff for their support during the year, as well as Welsh Government officials for their cooperation.

Page 1

Y COLEG CYMRAEG CENEDLAETHOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

The trustees (who are also non-executive directors of the charity for the purposes of the Companies Act 2006), present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Charitable objectives

The objective of the Coleg will be, for the benefit of the public, promoting learning and knowledge by:

Public benefit

The Trustees have considered the Charities Commission guidelines on public benefit recognising the three principles of public interest and they are of the opinion that the Coleg, as a charity, satisfy those principles. The Objectives of the Coleg are noted above.

STRATEGIC REPORT

Financial review

The results and financial position for the year ended 31 March 2024 are set out on pages 10 to 24.

Revenue arises largely from funds received from the Welsh Government. The majority of the costs in the year have been costs related to the funding of the Coleg's program of activities, in the form of grant funding to universities, further education colleges and apprenticeship providers; the central running costs of the Coleg; and the support costs of educational activities within individual institutions as well as nationally across the sectors.

This year's accounts show a surplus that appears at first glance to be significant. But the surplus relates specifically to a reorganisation of the Coleg's investments and their consequent valuations and a change in the Coleg's pension provision. In setting these two items to one side, the operational position of the Coleg Cymraeg shows a balanced position between income and expenditure.

Investment policy

The Coleg's Finance and General Purposes Committee have developed an investment policy which has been ratified by the Coleg Board, which provides a framework for the Coleg's investments including ethical considerations upon investing. The Committee has appointed Sarasin as investment managers and the Coleg formally monitors investment performance on a quarterly basis through the Committee.

Reserves policy and going concern

The Trustees are satisfied that the Coleg's assets are adequate to fulfil its obligations in relation to its projected commitments. Welsh Government have committed to continuing to fund and support the Coleg's work during the current Senedd term, and this is evidenced by statements issued by Welsh Ministers on the floor of the Senedd, and in writing, including the designation of the Coleg as a body to advise the Commission for Tertiary Education and Research.

The level of reserves is considered appropriate to ensure that the Coleg is able to meet its objectives and is consistent with the Reserves Policy, which indicates that an unrestricted reserve of at least £2 million is required.

Page 2

Y COLEG CYMRAEG CENEDLAETHOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRATEGIC REPORT

Financial and risk management objectives and policies

The Board carries the overall responsibility for ensuring there is a sound system of risk management, control and governance. The Board's members discharge this responsibility through the following elements:

The identification and management of risk embedded in all business systems.

The Coleg's approach for the effective management of risk is set out below:

The Coleg focuses on the active management of risk as an integral part of the management process within every part of the organisation.

As part of the risk management framework, the Coleg clearly identifies risks of various kinds to the achievement of its objectives. These risks may be strategic or operational and may present potential implications for the Coleg's reputation, its financial position or its day to day operations or any combination thereof.

The Coleg actively encourages all managers to consider risk implications of each major decision, contract or project as a normal part of their day to day work.

The Coleg integrates risk management into the annual planning process which is the means by which the Board determines and co-ordinates the Coleg's academic and other activities.

The Board and the senior management team endeavour to identify and focus on immediate and transient risks with strategic implications, which may change from week to week, as well as on the more substantial and permanent risks which are identified in the Coleg's risk register.

Managers are expected to link risk identification to action, whether in mitigation of the risk or in response to it. The management team effectively operates the risk management procedures as part of the day to day operation of the Coleg.

The Board requires the Audit and Risk Committee to undertake an assessment three times a year of significant risk through a snapshot assessment, and the Coleg's risk register is updated in consultation with internal audit. The assessment is recorded through the risk register and is part of the ongoing process of risk management. The risk register identifies significant risks and contains details of:

the nature of the risk

its potential and likelihood of the impact

the 'owner' of the risk

the control processes which manage the risk

the potential and likelihood of the impact following the control processes

The Audit and Risk Committee regularly reviews the adequacy of the process of risk management at the Coleg as it continues to be developed.

The Board is of the view that there is an ongoing process for identifying, evaluating and managing the Coleg's significant risks that has been in place for the year ended 31 March 2024 and in place up to the date of approval of the annual report and financial statements and that it is regularly reviewed by the Board.

Plans for the future

The next few years are going to see significant changes in the structures of post-16 education regulation and oversight and following the publication of the draft Welsh Language and Education Bill. The Coleg is very much looking forward to establishing a structured relationship with Medr (the Commission for Tertiary Education and Research) following being designated by the Welsh Government to advise the Commission on its statutory duties relating to the Welsh language in summer 2023 The Coleg will operate strategically in the higher education, further education and apprenticeship sectors to develop and maintain world-class Welsh medium and bilingual provision. In this way the Coleg will make a specific contribution to the objective of creating one million Welsh speakers and doubling the daily use of the language while attracting students, learners and apprentices with a range of language skills to Welsh medium and bilingual provision.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Page 3

Y COLEG CYMRAEG CENEDLAETHOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Charity constitution

The Board comprises up to 12 members who are non-executive directors and Trustees, including the Chair, appointed in accordance with the Coleg's governance instrument. A clear distinction is drawn between the role of the Chair and that of the Coleg's Chief Executive. Those matters specifically reserved to the Board for decision are set out in the Articles of Association of the Coleg. The Board holds to itself the responsibilities for the ongoing strategic direction of the Coleg, the effective and efficient use of resources and the approval of major developments and receives regular reports from senior management.

The Board meets at least three times a year and has five standing committees (Academic Board, Post-16 Strategic Board, Audit and Risk Committee, Finance and General Purposes Committee, and Appointments and Governance and Standards Committee).

The Academic Board advises the Coleg's Board on academic matters within the higher education sector. It provides a continuous focus on academic planning in the Coleg within higher education and provides a forum for maintaining formal communication between the Coleg and its university branches. The Coleg also has a Post 16 Strategic Board which advises the Coleg's Board on matters relating to further education and apprenticeships and oversees progress against the further education and apprenticeship Strategic Plan. The Finance and General Purposes Committee is responsible for oversight of the Coleg's budget, and also receives reports on Marketing and Communications, Human Resources, Information Technology, Health and Safety, and Equality and Diversity.

The Audit and Risk Committee advises and supports the Coleg's Board and officers by providing them with independent assurance on the effectiveness of the Coleg's internal control, corporate governance and risk management. The Audit and Risk Committee also makes recommendations regarding the appointment of internal and external auditors and reviews the Coleg's financial statements, and prior to submission to the Board, reviews the management letter and receives and considers progress reports on areas of significant risk identified by academic managers. In addition, the Audit and Risk Committee receives and considers reports as they affect Coleg business and monitors compliance with regulatory requirements. Although senior officers attend Audit and Risk Committee meetings as required, they are not members of the Committee.

TIAA are the internal auditors of the Coleg and received several reports from the internal auditors during the year, including internal control, key financial controls - follow up, performance management, risk management framework, data protection/GDPR and annual report by TIM. Updates were received at all meetings of the Audit and Risk Committee on acting against the recommendations of the internal auditors. The Audit and Risk Committee wishes to commend the work of the officers, committee members and internal auditors in ensuring constant improvements in the processes. An internal audit programme has been agreed for 2024/25.

As a charitable company, the Coleg is governed by its Memorandum and Articles of Association, which provide for the appointment and reappointment of Trustees. In order to ensure an independent element to the appointment of Trustees, the Board established an Appointments and Governance and Standards Committee. The Committee is responsible for maintaining the appointment processes of members of the Coleg's Board, including the Chair, and other committee members within the governance structure of the Coleg's Board. The Committee also oversees standards of governance within the Coleg's Board.

Trustees are appointed for an initial term of four years, renewable for a maximum of another four year term. The Chief Executive and members of the Coleg's management team attend meetings of the Trustees, and present papers on their areas of responsibility.

The Trustees exercise oversight and supervision of all the Coleg's main functional areas, including academic development and planning, finance, human resources, health and safety, staff development, marketing / communications, and information services.

The Trustees decide on the strategy for the Coleg. The implementation of the strategy and the operational management is delegated to the Chief Executive and his colleagues.

The Coleg is committed to high standards of corporate governance. This statement describes how the relevant principles of corporate governance are applied to the Coleg.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number: 07550507 (England and Wales)

Registered Charity number: 1143525

Registered office

Y Llwyfan, Ffordd Y Coleg, Caerfyrddin, Sir Gaerfyrddin, SA31 3EQ

Page 4

Y COLEG CYMRAEG CENEDLAETHOL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED31MARCH2m4

Trustees

J Hayes Trustee (appointed 17.5.23) Rh Evans Trustee

A.Beynon Trustee Professor E M Thomas Trustee Professor A Jones Trustee

M Huws Trustee

A M Lloyd-Williams Trustee Ms N Elias Trustee Professor P ap Llwyd Trustee LL A Roberts Trustee W Callaway Trustee G D Jones Trustee (until 6.5.23) Dr A Eirug Trustee and Chairman

Company Secretary

Dr D Phillips

Auditors

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the non-executive directors of Y Coleg Cymraeg Cenedlaethol for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

'trat ic report, approv�d by order of the �oard of tru�tees, as the company . Report of t�e tru_stees, incorps,rati�.g.f.non-executive d1r�rs;_on ... � ....... .t .. ... l.(,;:::,4.-.� and signed on the board s behalf by. · . r .. . .. .. .. .. . .. � ......... -:-Jr.< .. :i!.4 ....... ::.; '··: ... . � t:::: �· J-..... ___ ... � =-:-"frustee:-·Dr Aled Eirug·--·-· -- ---. :::,�-

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Y COLEG CYMRAEG CENEDLAETHOL

AUDITORS

Opinion

We have audited the financial statements of Y Coleg Cymraeg Cenedlaethol (the 'charitable company') for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. lf we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

we have not received all the information and explanations we require for our audit.

Page 6

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Y COLEG CYMRAEG CENEDLAETHOL

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the non-executive directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Y COLEG CYMRAEG CENEDLAETHOL

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Enquiring of management, including obtaining and reviewing supporting documentation, concerning the company's policies and procedures relating to:

internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

Discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud.

Obtaining an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the charitable company. The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud; reading minutes of meetings of those charged with governance and reviewing correspondence with HMRC; in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF Y COLEG CYMRAEG CENEDLAETHOL

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Henry Lloyd-Davies (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA? 9LA Date: ............................................ . "2-.o / h ' '2.-4 t..�

Page 9

Y COLEG CYMRAEG CENEDLAETHOL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
INCOME AND ENDOWMENTS:
Gifts and Bequests
Charitable activities
4
Higher Education, Further Education and Apprenticeships
Investment income
3
Total
EXPENDITURE:
Gifts and Bequests
Charitable activities
5
Higher Education, Further Education and Apprenticeships
Other
8
Total
Net gains/(losses) on investments
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Movement in funds
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
funds
0
11,132,795
152,858		 Restricted
funds
58,250
0
0
58,250		 2024
£
58,250
11,132,795
152,858
11,343,903
13,500
11,064,171
(1,131,683)
9,945,988
260,234
1,658,150
0
2,539,556
4,197,705		 2023
0
9,779,938
124,231
11,285,653 9,904,169
0
11,064,171
(1,131,683)		 13,500
0
0		 0
9,733,579
259,470
9,932,488 13,500 9,993,049
260,234 0 (277,320)
1,613,400
(28,000)
2,539,556		 44,750
28,000
0		 (366,200)
0
2,905,756
4,124,955 72,750 2,539,556

Page 10

Y COLEG CYMRAEG CENEDLAETHOL

BALANCE SHEET

31 MARCH 2024

Note
FIXED ASSETS
Tangible assets
13
Investments
14
CURRENT ASSETS
Debtors
15
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
16
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
PENSION PROVISION
NET ASSETS
FUNDS
Unrestricted funds
Restricted funds
TOTAL FUNDS
20		 2024
£
65,610
3,850,019
3,915,629
380,429
1,115,562
1,495,990
(1,213,915)
282,075
4,197,705
(0)
4,197,705
4,124,955
72,750
4,197,705		 2023
£
70,587
3,560,802
3,631,389
283,001
300,542
583,543
(520,699)
62,844
3,694,233
(1,154,678)
2,539,555
2,539,556
0
2,539,556

The financial statements were approved by the Board of Trustees and authorised for issue on · and were signed on its behalf by: ·.c9) ,{ ,t·.·(�-:L�. , '· �Si '""-. - ---·--·-"frustee: Dr Aled Eirug-,-�F"o ·•--H,-�•----•---�--•-•--� --) ..... :' : . ""''' ... � \10< j . . ' , . , , "'

Page 11

Y COLEG CYMRAEG CENEDLAETHOL

CASH FLOW STATEMENT

FOR THE YEAR ENDED 31 MARCH 2024

Cash flows from operating activities
Cash generated from operations
Interest paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Purchase of fixed asset investments
Sale of fixed asset investments
Interest received
Net cash used in investing activities
Change in cash and cash equivalents in the reporting period
Cash and cash equivalents at the beginning of the reporting period
Cash and cash equivalents at the end of the reporting period
Note
13
14
14
3		 2024
£
807,323
(47,544)
759,779
(48,635)
(1,215,121)
1,186,138
132,858
55,240
815,020
300,542
1,115,562		 2023
£
173,248
(31,462)
141,786
(76,428)
(17,768)
543
104,231
10,578
152,364
148,178
300,542

Page 12

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Losses/(gain) on investments
Interest received
Interest paid
Decrease/(increase) in debtors
(Decrease)/increase in creditors
Diference between pension charge and cash contributions
Net cash provided by operations
2. ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total		 At 1.4.23
£
300,542
300,542		 2024
£
1,658,150
53,612
(260,234)
(132,858)
47,544
(97,428)
693,216
(1,154,678)
807,323
Cash flow
£
815,020
815,020		 2023
£
(366,200)
51,905
277,320
(104,231)
31,462
(36,569)
106,860
212,701
173,248
At 31.3.24
£
1,115,562
1,115,562

Page 13

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED31MARCHW24

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty

Significant estimates and judgements used in the preparation of this financial information were as follows:

(i) Retirement benefit obligations

The USS is accounted for as a defined contribution scheme as insufficient information is available to use defined benefit accounting. However, as the Coleg is contractually obliged to pay contributions into the USS to fund past deficits, this element of the obligation is provided for on the balance sheet.

The deficit recovery plan put in place by the USS sets out the proportion of annual contributions that relate to past deficit recovery, and the period for which these are committed. These committed deficit contributions are re-assessed with each triennial valuation of the scheme, and form the basis of the provision, together with assumptions on appropriate inflation and discount factors. These assumptions impact the level of the provision calculated. Further detail is provided within Note 20.

Income and recognition policies

Items of income are recognised and included in the financial statements when all of the following criteria are met:

The Charity has entitlement to the funds;

There is sufficient certainty that receipt of the income is considered probable; and The amount can be measured reliably.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Allocation and apportionment of costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance personnel, payroll and governance costs which support the educational activities. The bases on which support costs have been allocated are set out in note 7.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 10 - 25% on cost Computer equipment 33% on cost

Investments

Investments are valued at the quoted bid price. Unrealised gains or losses are derived from the movement in the market value in the year.

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Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FORTHE YEARENDED31MARCH2024

1. ACCOUNTING POLICIES - continued

Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid after taking account of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price).

Taxation

As a registered charity, the charity is generally exempt from corporation tax under sections 466 to 493 Corporation Tax Act 2010, provided the income arising is applied for charitable purposes. Section 256 TCGA 1992 also provides an exemption from tax on capital gains, provided the gains are applied for charitable purposes. No tax charge arises in the year.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The principal defined benefit pension scheme for the Coleg's staff is the Universities Superannuation Scheme (USS). The scheme is a funded defined benefit scheme. The funds are actuarially valued every three years by a professionally qualified actuary using either the aggregate method or the attained age method with the rates of contribution payable being determined by the scheme's trustees on the advice of the actuary. The latest available actuarial valuation of the scheme at 31 March 2024 was the March 2020 valuation.

The USS is a multi-employer scheme for which it is not possible to identify the assets and liabilities to Coleg members due to the mutual nature of the scheme and therefore this scheme is accounted for as a defined contribution retirement benefit scheme.

A liability is recorded within provisions for any contractual commitment to fund past deficits within the USS scheme.

Financial instruments

The charitable company has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

i. Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Page 15

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES - continued

Financial instruments

Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

ii. Financial liabilities

Basic financial liabilities, including trade and other creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

iii. Offsetting

Financial assets and liabilities are offset and 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 asset and settle the liability simultaneously.

2. GIFTS AND BEQUESTS

Unrestricted
Restricted
funds
funds
£
£
Individuals and organisations
0
58,250
Bequests
0
0
0
58,250
3. INVESTMENT INCOME
Rents received
Investments income
4. INCOME FROM CHARITABLE ACTIVITIES
Activity
Government Grants
Institutional Subscriptions
Cymraeg Gwaith
Other Income
Donations
Higher Education, Further Education and Apprenticeships
Higher Education, Further Education and Apprenticeships
Higher Education, Further Education and Apprenticeships
Higher Education, Further Education and Apprenticeships
Higher Education, Further Education and Apprenticeships
Grants received, included in the above, are as follows:
Welsh Government Grants		 2024
£
58,250
0
58,250
2024
£
20,000
132,858
152,858
2024
£
10,228,000
99,403
723,400
93,558
46,685
11,191,045
2024
£
10,228,000		 2023
£
0
0
0
2023
£
20,000
104,231
124,231
2023
£
8,982,860
99,403
641,000
56,675
0
9,779,938
2023
£
8,982,860

Welsh Government Grants

Page 16

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2024

5. CHARITABLE ACTIVITIES COSTS

Higher Education, Furher Education and Apprenticeships
6. GRANTS PAYABLE
Higher Education, Further Education and Apprenticeships
The total grants paid to institutions during the year was as follows:
Swansea University
Aberystwyth University
Bangor University
Cardiff University
University of Wales Trinity Saint David
University of South Wales
Cardiff Metropolitian University
Wrexham University
The University of Wales
Open University in Wales
Coleg Cambria
Coleg Caerdydd a'r Fro
Coleg Y Cymoedd
Coleg Gwent
Coleg Gwyr Abertawe
Coleg Sir Gar
Grwp Llandrillo Menai
Coleg Merthyr
Grwp Nedd Port Talbot
Coleg Penfro
Coleg Penybont
Addysg Oedolion Cymru
ACT Training
Cambrian Training
Educ8
ITEC
National
The total grants paid to individuals during the year was as follows:
Undergraduate Scholarships
Postgraduate Scholarships
Direct Costs
£
1,929,682
Grant funding of
activities
(see note 6)
£
7,736,414		 Support
costs
(see note 7)
£
1,411,575
2024
£
7,736,414
507,694
483,122
901,789
608,018
169,028
360,534
311,909
74,659
2,496
0
286,800
343,800
215,900
210,400
317,800
258,889
327,300
159,400
187,800
200,300
200,900
38,400
83,550
82,400
82,400
82,400
98,051		 Totals
£
11,077,671
2023
£
6,541,629
484,805
539,705
816,864
636,925
167,878
179,294
225,750
67,500
6,091
0
213,813
191,773
100,900
135,733
183,000
196,385
254,295
100,900
193,300
139,967
140,400
38,400
9,480
52,400
52,400
52,400
130,349
6,595,738 5,310,707
2024
£
609,000
531,676
1,140,676		 2023
£
644,500
586,422
1,230,922

Page 17

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED31MARCH2�4

7. SUPPORT COSTS
Higher Education, Further Education and Apprenticeships
Marketing and
communications
£
170,691
Training
£
11,234
Rent
Administration
£
Higher Education, Further Education and Apprenticeships
119,243
Governance
£
Higher Education, Further Education and Apprenticeships
58,477
8 OTHER
Pension costs
Included within other expenditure is the increase in the USS provision (Note 20).
9. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
10. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024
nor for the year ended 31 March 2023.
The Chairman of the Board was paid an honorarium during the year totalling £7,500.
Trustees'expenses
9 trustees were paid a total of £3,595 (2023: £2,546 to 9 trustees).
11 STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Staff
£
301,032
Support costs
£
39,201
2024
£
(1,131,683)
2024
£
19,440
53,612
2024
£
1,529,876
160,523
(892,400)
797 999
2024
39		 Network
agreement costs
£
95,440
Educational
activities
£
616,257
Totals
£		 Network
agreement costs
£
95,440
Educational
activities
£
616,257
Totals
£
1 411575
2023
£
259,470
2023
£
2023
£
11,365
51,905
1,240,102
136,871
455,611
1,832,584
2023
33

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Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2024

11. STAFF COSTS· continued

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

The number of employees whose employee benefits (excluding employer pension costs)
exceeded £60,000 was:
£60,001 - £70,000
£70,001 - £80,000
£80,001 - £90,000
£90,001 - £100,000
2024
0
2
0
1
3		 2023
0
2
1
0
3

The total employer's pension contributions paid to defined contributions schemes for the higher paid employee was £49,120 (2023: £51,176).

Key management personnel

The total employee benefits of the key management personnel of the Charity were £327,559 (2023: £305,095)

12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Charitable activities
Higher Education, Further Education and Apprenticeships
Investment income
Total
EXPENDITURE ON
Charitable activities
Higher Education, Further Education and Apprenticeships
Other
Total
Net gains on investments
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted fund
£
9,779,938
124,231
9,904,169
9,733,579
259,470
9,993,049
(277,320)
(366,200)
2,905,756
2,539,556		 Restricted
fund
£
0
0		 Total
funds
£
9,779,938
124,231
0 9,904,169
0
0		 9,733,579
259,470
0 9,993,049
(277,320)
(366,200)
2,905,756
0
0
0
0 2,539,556

Page 19

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THEYEAR ENDED 31MARCH 2024

13. TANGIBLE FIXED ASSETS

COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023		 Fixtures
and
fittings
£
64,059
3,760
67,819
56,995
3,455
60,450
7,369
7,064		 Computer
equipment
£
346,976
44,875
391,851
283,453
50,156
333,609
58,241
63,523		 Totals
£
411,035
48,635
459,670
340,448
53,612
394,060
65,610
70,587

14. FIXED ASSET INVESTMENTS

Listed
investments
£
MARKET VALUE
At 1 April 2023 3,560,802
Additions 1,215,121
Disposals (1,186,138)
Revaluations 260,234
At 31 March 2024 3,850,019
NET BOOK VALUE
At 31 March 2024 3,850,019
At 31 March 2023 3,560,802

The investment comprise £461,707 (2023: £417,433) invested in a Liquidity fund and £3,388,312 (2023: £2,840,117) invested in Open-End Funds.

15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Other debtors
Prepayments
2024
£
16,826
275,000
88,603
380,429		 2023
£
0
202,789
80,212
283,001

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Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Social security and other taxes
Accruals and deferred income		 2024
2023
£
£
1,041,351
242,229
38,888
33,574
133,677
244,896
1,213,915
520,699

17. RESTRICTED FUNDS

17. RESTRICTED FUNDS
Gareth Pierce Bursary
Dr Llyr Roberts Memorial Bursary
Cyngor Gwynedd Scholarship
Defi Fet Scholarship
Gwilym Prys Davies Scholarship		 At 31 March
2023
£
0
0
0
0
0		 Transferred
from General
Fund
£
0
0
0
0
28,000		 Received
£
9,000
8,750
3,000
37,500
0
58,250		 Expended
£
(9,000)
0
(3,000)
(500)
(1,000)
(13,500)		 At 31 March 2024
£
0
8,750
0
37,000
27,000
0 28,000 72,750

i. Donations were received during 2023/24 in memory of Dr Llyr Roberts and DGE Davies (Defi Fet). The families wished to establish funds to enable the Coleg to support scholarships and bursaries for students who study through the medium of Welsh;

ii. Scholarships and bursaries are also supported by Cyngor Gwynedd and the WJEC (The Gareth Pierce Bursary). The Coleg awards these to eligible students who study through the medium of Welsh and the money is provided annually by both bodies;

iii Funds were transferred from the General Fund during 2023/24 in order to pay for an annual Scholarship in memory of Gwilym Prys Davies.

18. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2024
£
121,992
268,084
390,076		 2023
£
94,082
91,142
185,224

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Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

19. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 At 1.4.23
£
2,539,556
0
2,539,556		 Net movement
in funds
£
1,613,400
44,750
1,658,150
Transferred
between funds
At 31.3.24
£
£
(28,000)
4,124,955
28,000
72,750
0
4,197,705

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
resources
£
11,285,653
58,250
11,343,903
Resources
expended
£
9,932,488
13,500
9,945,988
Gains and
Movement
losses
in funds
£
£
260,234
21,478,375
0
71,750
260,234
21,550,125

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.22
£
2,905,756
2,905,756		 Net movement
in funds
At 31.3.23
£
£
(366,200)
2,539,556
(366,200)
2,539,556

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted funds
TOTAL FUNDS		 Incoming
Resources
resources
expended
£
£
11,285,653
(9,932,488)
58,250
(13,500)
11,343,903
(9,945,988)
Gains and
Movement
losses
in funds
£
£
260,234
1,613,400
0
44,750
260,234
1,658,150

Page 22

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

20. PENSION PROVISION

The Universities Superannuation Scheme (USS) deficit

Obligation to fund deficit on USS pension

Obligation to fund deficit on USS pension
As 1 April 2023
Contributions paid
(Decrease)/increase in provision
Interest expense
At 31 March 2024		 2024
£
1,154,678
(70,539)
(1,131,683)
47,544
0

The obligation to fund the past deficit on the University's Superannuation Scheme (USS) arises from the contractual obligation with the pension scheme for total payments relating to benefits arising from past performance. Management has assessed future employees within the USS scheme and salary payment over the period of the contracted obligation in assessing the value of this provision based on conditions existing at that point in time.

The key assumptions applied at the end of the reporting period were as follows:

The key assumptions applied at the end of the reportin g period were as follows:
2024 2023
% %
Salary growth 5.00% 5.00%
Discount rate 0.00% 5.49%

The Universities Superannuation Scheme (USS) is the main scheme covering staff, which provides benefits based on final pensionable salary for Final Salary members (now closed to new entrants) and Career Revalued Benefits (CRB) for new entrants since 2011. The assets of the scheme are held in a separate fund administered by the trustee, Universities Superannuation Limited.

Because of the mutual nature of the scheme, the scheme's assets are not hypothecated to the Coleg and individual institutions and a scheme-wide contribution is set. The Coleg is therefore exposed to actuarial risks associated with other institutions' employees and is unable to identify its share of the underlying assets and liabilities of the scheme on a consistent and reasonable basis and therefore, as required by FRS102, accounts for the scheme as if it were a defined contribution scheme.

As a result, the amount charged to the income and expenditure account represents the contributions payable to the scheme in respect of the accounting period. However, under Charities SORP (FRS102), a liability is also recorded within provisions for any contractual commitment to fund past deficits within the USS

Page 23

Y COLEG CYMRAEG CENEDLAETHOL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024

21. RELATED PARTY DISCLOSURES

During the year, the following transactions were undertaken with related parties:

An amount of £3,675,641 (2023: £3,315,106) was paid to Higher Education Institutions in order to fund educational activities in those institutions. These institutions are guarantors of the Coleg as set out below

22. COMPANY LIMITED BY GUARANTEE

The Coleg is a company limited by guarantee and accordingly does not have a share capital. The company guarantors are the following institutions:

Swansea University Aberystwyth University Bangor University Cardiff University University of Wales University of Wales Trinity Saint David University of South Wales Cardiff Metropolitian University Wrexham University Open University in Wales National Library of Wales Welsh Local Government Association Association of Schools for Welsh Language Education Parents for Welsh Language Education National Union of Students Wales Mudiad Meithrin Education and Health Improvement Wales

Each member's liability is limited to £10, namely the sum which each member undertakes to contribute to the Coleg's assets should it be wound up whilst they are a member or within a year of the end of their membership, in order to:

a) pay the Coleg's debts and liabilities which occurred whilst they were still a member, (b) pay the costs, charges and expenses of winding up, and

(c) adapt the rights of those contributors amongst each other.

Page 24