COMPANY REGISTRAMON NUMBER: 07399902
CHARrrY REGISTRATION NUMBER: 1145583
SEF CYMRU
Company Limited by Guarantee
Unaudited Financial Statements
31 October 2024
SAK2020 LTD.
Charteied Certtfied Accountants
Broadway House
Broadway
Cardiff
CF24 IPU

SEF CYMRU
Company Limited by Guarantee
Financial Statsments
Year ended 31 October 2024
Page
Trustees, annual report (incorporating the directoffs report)
Independent examine¢s report to the trustees
statement of financial aclrvities (including income and
expenditure account)
Statement of financial position
Notes to the financial statements
10
11
The following pages do not fom part of the financial ststements
Detailed statement of financial activtties
18
Notes to the detailed statement of financial activities
19

SEF CYMRU
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 October 2024
The trustees. who are also the directors for the purposes of company law, present their report and the
unaudited financial statements of the charity for the year ended 31 October 2024.
Reference and administrative deLiils
Registsred charity nam&
SEF CYMRU
Charity registration number
1145583
Company reglstration number 07399902
Principal office and registered Grange Pavilion
office
Gmnge Gardens
Gongetown
Cardiff
CF117LJ
UK
The trustees
Mr AABDI
Mrs S MALIK
Mrs SAWAIS
Independent exarnin8r
SAK2020 Ltd.
Chartered Certified Accountants
Broadway House
Broadway
Cardiff
CF24 1PU

SEF CYMRU
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (¢0nttnt￿0}
Year ended 31 October 2024
Structure, govemance and management
Our History
SEF Cymnj was established in 2000 in response to the ￿[SIStenI issue of underachievement among
students in Cardiff, particularty within the Somali ¢ommunity. Frorn ils inceplh)n, the organisab.on has
been dedicated to improving the educational outcomes and life chan￿S of children and young people
by providing academic support and creating opportuntties for ￿arnIng and development.
Over the years, SEF Cymru has expanded ils work significantly. We are pyoud to currently provide
tuition and academic support to over 100 children in core subjects including Mathematics. English. and
Science - extending lo A-level conlenl for older leamers In addits-on lo youth-focused education, we
have also introduced taster courses and skills programmes for parents in our community. These
sessions are designed lo help participants build confidence. develop new skills, and improve
selfthesteem, empowering them to engage more fvlty in ￿UCa￿.on, work, and (avic life.
OurAims
Our chaiity's primary aim is lo advants education for the public benefft, wrth a parbcular, though not
exclusive focus on Cardiffs Somali and ethnically diverse communits'es. We achieve this through the
provision of tailored educatron31 enrichment, ESOL (English for Speakers of Other Languages)
classes, and communty seminars.
We are guided by the following core Obl￿￿Ves.
Overcoming educational underachievement anN)ng disathanlaged and underrepresented
leamers..
Removing baftiers to lifelong reaming aThJ ski115 training for people of all ages,.
Promoting social inclusion through aCCes￿bIe and cultur31ty relevant educatK)n',
Raising awareness of negative infftuences - such as povety, systemic inequality, and lack of
opportunity that can prevenl individuals from reaching their full polenlral.
Objectives and Activltles
At SEF Cymru, we believe that edUCat￿n is not jusl al)oul academic achi?vemenl bul aboul equipping
individuals with the tools to thrive in every aspeGt of life. Our work is rooted in the belief that leaming
should be inclusive. empowering. and community-led.
Key Areas of Focus..
Providing slruclured academic iuilion lo help students meet and exceed curriculum
exp￿tationS.
Offering ESOL and language development support for children and aduEts lo strengthen
communication and confidence.,
Running personal developnEnl workshops and seminars that promote identity. resilien￿, and
self-esleem.,
Crealitw pathways into further educalion. skn'lls tfaining, 2nd employment for youn9 people
and adults alike.
We leach and support learners lo..
Apply effecbve leaming techniques:
Become independenL lifelong learnetS-.
Develop creative problem-sofving abilitie5."
strengthen behavioural and emotional self-regulation skills.
By fostering an engaging and suppothe learning enVironn￿n{ we aim to Lx)05t selfwa)nfiden(E, raise
aspirations, and support Individuals in achieving their full potential.

SEF CYMRU
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report) (cL￿11￿UedJ
Year ended 31 October 2024
Our Mission Statement
Education is the key lo success.
We believe education Iransfomis INes, unlccks potential, and lays the foundation for slron9er, more
connected communities
strategic Rewrt
The lollowing sections, including Achievements and Performance and the Financial Review, form the
Strategi¢ Report of SEF Cymru. These oudine our progress over Ihe past year. the positive impact of
our programmes, and our Strat￿lC direth.on as we conb.nue to build an inclu5Ne educational offer for
A¢hievem¢nts and perfoman¢e
Dear Memkrs,
As we approach the end of our financial year in October 2024. we are pleased lo share a brief update
on the continued progress and impact of SEF Cymru's work acr0&8 the Southem Arc of Cardiff.
Over ihe past year, SEF Cymru has made Signifi￿nI strKles in supporting children. young people, and
families in some of the Gity s most underserved communities. Our commitment lo addressing
educatiornal inequaltty, promting inclusK)n. and fostering cDmmunty tesilience has remained al the
heart ofeverylhing we do.
We are proud to report that the successful acquisition of funding through the UK Shared Prosperity
Fund (SPF) has played a pivolal role in enabling our charity to grow and strengthen its impact. These
funés have allowed us to expand OLFr reach and deepen our engagemenl with diverse communities
through a wide lange of partnerships. programmes. and events that refiecl the needs and aspirations
of the people we serve.
One of the mst in4ernand areas of our work ￿ntinueS to be oui tuit￿￿ clubs and mentoring
programmes, which are currently being delNered successfully wtth support from the SPF. These
initiatives have been inslrumental in irnproving educab.onal outcomes and providing vit81 personal
development support lo young people and families_ Delivered from the heart Of the community al
Grange Pavilion. these sessions have not only enhanced leamers. Confiden￿ and attainment bul
have also reinforced our close WOTking rdationships with families, schools. and local partner5.
The consistent demand for our serv￿eS speaks lo both the trust placed in us by the community and
the ongoing need for high-quality, culturally reswnsive support. remain committed to meeb'ng this
demnd by continuing to deliver impacthjl sessions while also pL3nnirrfJ for the future.
Looking ahead, SEF Cymru is actively expk)ring new OPFQrtunitses to expand our work and secure
further funding that will sustain and scale our projects_ Our aim is to develop Innovab've,
community-led initiatives that create k)ng-term positive change. empower families, and help
communities across Cardiff lo prosper.
Thank you for your continued support and partnership. Tcgether. we can continue building a stronger,
fairer. and more inclusive future for all.

SEF CYMRU
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 October 2024
Shared Prosperty Grant 2023-24
Project: lrnproving Educational Outcomes in the Southem Arc of Cardiff
SEF Cymru successfully implemented the Improving Educational OulconEs project, which provKted
academic support for young people in the Southern Arc of Cardiff.
Through the employment of qualified leathers and the provision of bcal. accessible learning spaces,
Ihe project delivered subject-speufic tuloring and Curti￿lUrr￿3lI9ned study support. Malerials and
slruclured lessons were designed to help students improve their understanding of key academK areas
while buikjing sludy s￿lIS and confidence_
The programme had a notable imp¥t on leamers at risk of underachievernenL wlh feedback
highlighting incfftased Motivat￿n. better engagement wth scFK)ohwork, and improved perfom)ance.
The Gommunity-based delivery nwxlel also helped tr￿lId twsl wth families and ensured the support
was culturally sensitive and responsive.
Shared Prosperity Small Grant Fund 2024-25
Project: Empowering Dlverse Communities Neurodiversity
SEF Cymru successfully started the Empowering Diverse Communities Neurodivetsity Project, which
provides targeted supp)rt for ethnic minority parenls and guardians of children with neur￿1Verse
conditions.
This initiats've addresses emotional. practical. and systemic challenges through tailored guidance.
peer.led support ses51Dns. and culturally relevant information. The programme creates safe spaces
where families COU￿ share experiences. a￿sS wofessKJnal advice. and build a deeper
underst8nding of neurodiversity-
By Improving community awareness and helping families navigate education and healthcar8 Systems,
the project will have a lasting impacl on parlicipaling families. leading to greater empowerment,
improved confiden￿, and stronger Connect￿nS to support nehvorks &ross Cardiff.
SPF Cardiff Council Open Call 2023- 2025
Project: The"Somali Achleve" Ralslng Achievement Programme
The'somali Achieve" Raising Achievement Programme has been successfvjlty ftjnded and is current
ongoing. It is a comprehensive and taiknred Inibab've developed lo uplift the educational outcomes of
secondary-age Somali students in Cardiff by addressing their unique Ghallenges and fostering a
CLsllure of excellence.
The programme takes a holistic approach to emwwermenl. offering:
Academic Support. Delivered by trained $12ff to align wth curriculum needs.
Language Empowernient-. Strengthening English literacy while ￿Iebratsng Somali heritage.
Cultural Enri¢hment." Activib'es that pronw)te cultural pride and identity.

SEF CYMRU
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) (contfnued)
Year ended 31 October 2024
Mentoring.. Connecting students wtth p)sitive role models from the community.
College and Career Readiness.. Supporting future planning through practical workshops.
Parental Engagement.. Involving families in the leaming Journey.
Monitoring and Evaluation.. Ensuring data-Infom￿d ddivery and continuous improvement.
Use of Funding
The funding for this prcgramme is being strategiralty utilis￿l across the following areas..
Employment of tutors. mentors, and facilitators.
Communty-based delNery of study sessions and workshops.
Development of CLtlturalty tailored resources.
Costs associated with enrichment activities. guest speaker5. and events.
Evaluation, data collection. and reporting mechanisms.
The pr(￿raMMe is designed to create sustainable, loftg-tervn change ty reducing educational
disparities, empowering students. and strengthening links between schools, communities, and
lamilies. By embracing academic excellence and cultural pride, Ihe"Sornali Achieve" Programme
continues to make a measurable difference to the lives of young peop￿ and the wider Sonigli
community In Cardiff.
Community OrganTsing wlth Cltizens Cymru Wales
SEF Cymru continues lo be an active and committed member of Cttizens Cymru Wales, championing
communty-led action and swial Jusb"￿ across Cardiff. Building on the legacy of our People's Health
Trusl-funded proje¢l. we have continued to address tK>verty. discrimination, and unconscious bias in
recruitmènt- issues thal disproportionatety affect ethnic minotity communities and those living in areas
of hEh deprivation.
This work has evolved into the Ffair Job5 Cymru initiative. which has grown in strength and visibility
over the past year. Operating across Cardiff Bay and the Cily Centre, Ff8ir Jobs Cymru brings
tcgether local residents, community leaders. and major employers lo build relationship5, challenge
inequality, and negotiale for meaningful change in hiring pracbces and workforce inclusion.
Over the past year alone, more than 120 local people have been supported into employment and
training through this inilialive. Ffair Jobs Cymru has been Instru￿Ental in tackling long-standing issue5
Df unemployment and under-representation by creating pathways into sustainable work. while also
shifb.ng mindsets amon9 employers about the value of a diverse workforce.
What make5 thi5 project unique is ils ability to unite communttie5 who may not typically work together.
105tering solidarity around shared goals. By empowering residents to speak directly to those in
positions of power ané influen￿, Ff8ir Jobs Cymru has helped shape more equitable employment
practices while offering hope and opwrtunily lo ihose who need it most.

SEF CYMRU
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Director's Report) {contsnuedJ
Year ended 31 October 2024
'Ffair Jobs Cymnj is about mre than just getting people into jobs-it's about changing sysletns and
shifb'ng power. We've shown what's wssible when llxal people come together, raise their voices, and
negotiate with confidence. This is what true community power looks like." Ali Arshad, Ffair Jobs Cyrnru
Load Organiser
The Suc￿sS of Ffair Jobs Cymru is a testarrEnl to what Ggn be a¢h￿Ved when communilies are
equipped to lead and organise for justice. We remain committed to supporting this vital work and
ensuring that the voices of our ¢ommunrties continue to shape the future of employment and
opportunity in Cardiff.
Wales Somaliland Youth Llnk$
The Wales Somaliland Youth Links PTogramme continues to build strong relationships between the
Somaliland Diaspora in Wales and communities in Somaliland. ￿￿rkIng closely with Cardiff University,
the Initiative aims to strengthen cultural, educational. and civic ties while promoting greater
understanding and collaboration btheen both regions.
Celebrating Somaliland Independence
This year, we matked Somaliland Independence Day wth a landmark Flag Rai5iThJ Ceremony at
Cardiff Castle, attended by senior dignitaries including minislets from the Somaliland GoVern￿￿nt,
representatives from the Welsh Govemrnent. Cardrffcouncil Cabinet Members. local councillors, and
council officers.
In a show of solidarity and celebration. the Wales Millennium Centre also lit up its iconic building in the
col￿rS of the Somaliland flag-a powerful Sym￿1 of unity, pride. and recognition of the Somaliland
community's contribution to Welsh life.
Study Clubs
Our highly successful Study Clubs rAint"nue to run tsvice a week at the new Grange Pavilion, providing
vital academic support lo young people in the communrty. Sessions lake place on Thursdays and
Sundays and regularly attract over 100 participants. The clubs offer a safe. slruclured environment for
student5 to receNe help with their studies, build confiden￿. and engage wrth positive role model5.
Comfftunity Engagement and Events
SEF Cymru remains a trusted v￿Ce on issues aff￿tIng Somali and wider Black, Asian and Minority
Ethnic IBAMEI communities in Wale5. are iegularfy invited to speak al and participate in events
focused on education, youth, and c(Hnmunty inclusion. sharing best praCtI￿S and advocating for
equitable sUpF￿rt for children and families.
Advice and Infonnation Service
Wfftile currently operating on an ad-hoc basts due to limited reSoUr￿s, our advice and information
service continues lo proviée essential guKlance to those in greatest need. We support individuals and
families with issues rangin9 from educatKin and housing to benefits and well4Eing.
Given the continued high demand culturally competent advice Se￿￿e$. we recognise Ihe urgent
need to invest in this a￿a. Expanding and resourcing this SerV￿e remains a key priority for future
evelopmenl, especially as families navigate Ineteasing economic and social pressuies.

SEF CYMRU
Company Limitsd by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) (contlnuedj
Year ended 31 October 2024
Finanelal revlew
Ttte charity generated a negative OL[1￿rne of £14.251.64 for the year ended 31 October 2024.
There was a reconciliation of fund5 this fin3nc4al period and that lolal funds brought forward was
£52,570 with the lolal fttnds carried forward being £38.318.
Plans for Futur¢ Period$
The Charity pl2ns to ¢onlinue the activities outlined above in the coming years, subject to securing
satisfactory funding arrangements. Building on the successes achiev￿ lo date, we are commilled to
expanding our reach and imp*t within the communibes we serve.
We recognise that without adequate resources, our capacity lo support more chiklren. young peop￿,
and families- particularly from BAME bad(grounds will remain limited Therefore, we are actively
pursuing further funding opportunities to..
Expand our Study Clubs and leaming programmes lo provKJe enhar￿ed academ￿ support
and enrichment for children and families from diverse badfgrounds.
Develop our Youth Sport and Wellbeing activities, promoting physical health. teamwork, and
positive mental health arrnng young people.
Strengthen Parent and Guardian skill-building and support programmes, equipping families
with the tools and knowledge lo better support their children's education and wellbeing.
Strengthen and grow our advice and guidan￿ service5. enabling us to respond more
effectively lo emerging social, economic. an(J educab.onal challenges facing Somali and other
BAME communilies.
Continue lo develop our inlemational development work in partnership with Somaliland,
fostering mutual beneffts and stronger ties between Wales and Somaliland.
If funding applications are successful. we will priorrti8e focusing our activrties in Cardiff South. an area
of documented high need and disadvantage. where our Intervent￿nS can make the greatest
difference.
Additionally, we plan lo deepen our involvement in the brand-new Grange Pavilion building. where we
are a strategic p8rtner. This state-of-the4rt communrty facility serves as a vibrant hub for our
pr￿r8mmeS, enabling us to deliver servi¢es mre effectively and reach a broader Segn￿nI of the
community.
Through these plans. SEF Cymru aims to build on its foundation of success to crÈ8le lasting positive
change, empower communities. and improve educab.onal and sockql outcomes across Cardiff and
beyond.
The trustees, annual report and the strategic report were approved on .......201D812025....... and signed
on behalf of the ￿ard of trustees by..
Mr A ABDI
Trustee

SEF CYMRU
Company Limited by Guarantse
Independent Examiner's Report lo the Trustee5 of SEF CYMRU
Year ended 31 October 2024
We report to the trustees on our examination of the financial statements of SEF CYMRU {'the charity,
for the year ended 31 October 2024.
Responsibilities and bas1$ of report
The trustees Iwho are also the directors of Sef£ymru for the purposes of company lawl are
responsible for the p￿paratioN of the a(￿OUnt$_ The trustees cx)nsider that an audit is not required for
this year under section 144{21 of the Charities Act 2011 (the 2011 Act) and that an independent
examination is needeé.
Having satisfied ourselves that the company is not subject to audit under cornpany law and is e1￿ible
lor independent examination. it is our responsibilrty to_"
Examine the aCC￿￿nIS under section 145 of the 2011 ACL
to follow the procedures laicl down in the general Directions gNen by the Charity Commission under
seetÉon 145 (5llb} of the 2011 Act,. and
to state whether particular matters have ￿me to Ouf attention.
Independent examiner's ststement - matter of ¢oncem identified
Independent examiner
We confirm Ihal no other matters have come to our allenb'on in connection wrth our examination giving
us cause to believe that in any material respect."
accouHlir)g ￿cOrdS were not kept in respect of the charity as required by section 386 of the
2006 Act,. or
the financial statements do not accord wtlh those rec(￿d5., or
the financial statements do nol comply wilh the acc(NJnting requioments of section 396 of
the 2006 Act other than any requirement Ihal the accounts give a 'true and fairf vw which
is not a matter considered as part of an independent examination. or
the financial slalements have not been prepared in aco)rdance with the methods and
principles of the Stslement of Recommended Pfactice for accounting 2nd reporting by
charilies applicable lo charities preparing their &counts in accordance with the Financial
Reporting Standard appluble in the UK and Republic of Ireland IFRS 1021.
We confirm that there are no other matters to which your attenbon should be drawn to enable a proper
understanding of the accounts to be reach&J.
Independent Examiner
SAK2020 LTD.
Chartered Certified Accountants
Broadway House
Broadway
Cardiff
CF24 1PU

SEF CYMRU
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 October 2024
2024
Unrestricted
funds Total funds Total fvnds
2023
Note
Income and endowments
Donations and legacies
Total income
29.020
29,020
10,000
10,000
29.020
29,020
Expendlture
ExFtnditure on raising funds..
Costs of raising donations and legaaes
Total expenditure
43,272
43,272
19,427
19,427
43,272
43.272
Net expenditure and net movement in funds
114.2521
{14.2521
(9.4271
Reconciliation of fund$
Total funds brought forward
Totsl funds Garried forward
52.570
52,570
61,997
38,318
38,318
52,570
The statement of financial activit￿S includes all gains and losses recognised in the year.
All income and expenditure derive from conlinuing ￿tIvIties.
The notes on pages 11 to 16 fomi part of these ffinancial statements.

SEF CYMRU
Company Limited by Guaranlee
Slalemenl of Financial Position
31 October 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
4,085
5,106
Current assels
Cash at bank and in hand
34,233
47,764
Credltors.. amounts falling due within one year
Net currènt assets
10
300
34.233
47,464
roial asseis less eurrenl liabilities
38.318
52,570
Net assets
38,318
52,570
Funds ot the ¢h8rlty
Unreslricled funds
38,318
52,570
Total charlty funds
12
38.318
52,570
For the year ending 31 OctobeT 2024 the charity was entitled to exemption from audit under section
477 of the Gornpanies Act 2006 relating lo Sm￿1 wmpanies.
Trustees. res￿￿$11￿"1rtie5=
The members have not required the company to oblan an audit ol rts financial stalements lor the
year in question in accordance wth 58clion 476..
The Iruslees ack[￿￿￿edge IheiT responsiTrJ"lilies for COTnplwng with the requirefftents ol the Act
with respe¢l lo accounting ro¢ords and th8 preparalion of financi￿ statements.
These financial statements have been wepared in accordance with the provisions applicabl& to
companies sutieet to the small companies. regime.
These linanoal slalemenls were apptoved by the tM)ard of trusle&s arKI aulhoiised lor issue on
-.20108r2025............................., and are signed on behalf ol Ihe ￿ard by:
Mr A ABDI
Trusleg
The notes on pages 11 to 16 fonn part of these Ilnancial statements.
10

SEF CYMRU
Company Limitsd by Guarantee
Notss to the Financial Statsments
Year ended 31 October 2024
Stat8ment of compliance
These finanoal statements have been prepared in COTnplk8nce wlh FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,. the Statement of
Recommended Practice applicable to charities prepaiing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102} (Charities
SORP IFRS 10211 and the CompaniesAct 2006.
Aceounting policies
Basls of preparation
The financial stalements have been prepared on the histo￿al cost basis, as modified by the
revaluation of certain th'nancial assets and liabilities and investment propèrties measu￿d at fair
value through in¢ome or extenditure.
Th8 financial staternents are prepared in sterfing. which is the functional currency of entity.
Going concem
There are no material ￿r￿rtaInt￿s atrK)ut the charity's ability lo continue.
Fund accounting
unrestrict￿ funds are available for use al the discretion ol the trustees lo further any of the
charity's purposes.
Designated funds are unreStr￿ted funds eamiarked by the trustees for particular future projecl or
commitment.
Restricted funds are subjected to restrictions on their expenditure dedared by the donor or
through the terms of an appeal. and fall Into one of two sutkclasses.. restricted income funds or
endowment funds.
11

SEF CYMRU
Company Limited by Guarantee
Notes to the Financial Statements Iconlrnued)
Year ended 31 October 2024
Accounting policles (condnue
Incoming resources
Al incoming resources are included in the statement of financial activities when entiuetnent has
passed to the charity.. it is probable that the economic trenefits associalecl with the transaction
will flow to the charity and the amount can be reliably mea5LJred. The following specific policies
are applied lo particuL4r categories of income..
income from donations or grants is reccgnised when there is evidence of entillemenl lo the
gift, receipt Is probable and rts aryK)unt can te measured reliably_
legacy income is recognised when receipt is probable and entityement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical lo measure reliably.. in which case the value is derived from the cost to the donor
or the eslimaled resale value. Donated faU1rf(￿S and services are recognised in the
accounts when received if the value can be reliably measured. No amounts are included for
the contn"bubon of general volunteers.
income from contracts for ihe suppty of SeNi￿S is recognised with the delivery of the
contracted seNice. This is classrfied as unrestricted funds unless there is a contractual
requirement lor It to be spent on a part￿ular purpose and returned if unspenL in which case
may be regarded as restncled.
Resources expended
Expenditure is recognised on an accrua15 basis as a liabilty is incurred. Expenditure includes any
VAT which cannot be fvlly recovered. and is dassified under headings of the statement of
financial activities to which it ￿ lates".
expenditure on raising fund5 incfudes the costs of all ￿ndraISing actTvities, events,
non4charilable trading 3ctivib"es, and the sale of donated goods_
expenditure on charitable actNilies includes all cosls incurred by a charity in undertaklng
tivities that further its charitable aims for the benefft of its teneficiaries. including those
5UPPOrt costs and costs relating io the governance of the charity apporboned to charitable
tivities.
other expenditure includes all expenditure that is netther re￿ted to raising funds for the
charity nor part of its expenditure on charitsble activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct c051s
attributable to a single activty are allLxated directty lo that activity. Shared costs are apportioned
belween the activities they contribute lo on a reaso[￿b￿, justs'fiable and consistent basis.
Tangible assèts
Tangible assels are inrtialty recorded at cosL and subsequenlly stated al cost less any
a¢¢umulated depreciakn'on and impairment losses Any tangible assets carried at revalued
arnounls are r￿Orded al the fair value al the dale of revaluation less any subsequent
accumulated depreciation and subsequent accumulated Impairment losses.
12

SEF CYMRU
Company Limited by Guarantee
Notes to the Flnancial Statements {contlnuedJ
Year ended 31 October 2024
Accounting policies (¢onllnuedJ
Tangible assets (conunuedj
An increase ill the carying amount of an asset as a result of a revaluation. Is recognised in other
recognised gains and losses, unless il reverses a Charge for impaimient that has previously teen
recognised as expenditure within the slalement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation. 15 reeognised in other recognised gains and losses,
except to which it offsets any wevioys revaluation gain, in which case the loss is shown within
Dther recognised gains and losses on the statement of financial actwib"es.
Depreciation
Depreciation is calculated so as to write off the cost or valuab.on of an assel. less ils residual
value, over the usefLJI economic lrfe of that asset as follows.
Impairment of flxed assets
A review for indicator5 of impaimient is carried out at each rewting date. wrth the recoverable
amount being estimated where such indicators exist ￿ere the carrying value eX￿edS the
recoverable aTnount, the asset is impaired a¢¢ordingty. PrKsr impaimients are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment te5kn'ng. when it is nol possible to estimate the recoverable
amount of an individual asset. an estimate is made of the recoverable amount of the
cash-generating unit to which the asset belongs. The cash%enerating unit is the smallest
identifi8ble group of assets that includes the asset and generales cash inflows that largely
independent of the cash inflow5 from other assets or groups of assets.
For impairment testing of gCK)￿lII, the gotsjwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irrespective of whether other assets Dr liabilities of the charity
are assigned lo those units.
Financial instrurnents
A financial asset or 2 financial liability is wognised onty when the charity become5 a party to the
contractual provisions of the instrumenL
Basic financial instruments are initially recognised at the amount receivable or payable including
any relaled 1ran5ath.on costs.
Current assets and current liabilities are subsequenlty measured at the cash or other
consideration expected to be patd or received and not discounted.
Debt instruments are subsequentty measured al amortised cost.
Wheie investments in shaTe5 are PUbl￿ty traded or their fair value Can otherwise be measured
rdiably, the investment is subsequendy measured at fair value with changes in fair value
re￿(￿nised in Income and expenditure. All other such investments are subsequently measuied at
cost less impairment
13

SEF CYMRU
Company Limited by Guarantee
Notes to the Financial Statements (continTJgdJ
Year ended 31 October 2024
Accounting policies (contirtue
Financial instruments (et)nllnued)
Other financial instruments, including derivalives, are inilialty recognised at fair value, unless
payment for an asset is defer￿d beyond normal business lerrrts or financed at a rate of interest
that is not a market rate, in which case the asset Is measured at the presenl valLse of the future
payments discounted at a mathet rate of interest for a similar debt instrument.
Other finantial instruments are subsequently measured at fair value, with any changes
recognised in the statement of financial actnirties. wrth the eX￿pIlOn of hedging instruments in a
designated hedging relationship.
Finallcial assets thal are measured at cost or arnrts.sed cost are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised under the appropriate heading in the statement of financia5
activities in which Ihe inibal gain was rewnised_
For all equity instruments regardless of significance, and other financial assets that are
individualty significant, these are a5ses*J indwidualty for impairment. Other financial assets are
either assessed individually or grou￿￿ on the basis of similar credrt risk characteristics.
Any reversals of impairment are recognised immediatety. to the extent that the reversal does not
result in a carrying amount of the financial asset that ex¢eeds what the carrying amount would
have been had the impaimienl not previousty been recognised
Defined contribution plans
Contributions to defined Contribut￿)n plans are recognised as an expense in the period in which
the related seNice is provided. Prepaid contribubon5 are recognised as an as5el to the extent
that the prepayment will lead to a reduction in fijlure payments or a cash refvnd.
INhen contributions are not expected lo be settkd wholiy within 12 months of the end of the
reporbng date in which the employees ￿nder the related servi￿. the liability Is measureé on a
discounted present value basis. The unwinding of the discount is recognised as an expense in
the period in which r( arises.
Limited by guarantee
Donations and legacies
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Donations
Other Grants
29.020
29,020
10,(M)O
1D,ODO
14

SEF CYMRU
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2024
Costs of ralslng donallons and legacies
Unrestricled Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Costs of raising donations and
legacies - Other tyrk 1
43.272
43,272
19,427
19,427
Net expenditur¢
Nel expenditure is stated after chargi@Icrediting}'.
2024
2023
DeprecialiDn of tangible fixed assets
1.021
1.277
Staff costs
The total staff costs and employee benefits for the retxjrting period are analysed as follows."
2024
2023
Employer contributi￿5 to pension plar
720
The average head count of empk)yees during the year was Nil12023.' Nil).
No empk)yee received employee tenefits of ¢Th)re than £60,000 during the year12023.' Nil).
Trustee remuneration and expenses
No trustee or other person relaled to the charity had any personal inlerest in any contract or
tfdnsaction entered into by the charty during the year_
Tangible fixed assets
Equipment
Cost
At 1 November 2023 and 31 October 2024
10,560
Depreciation
At 1 November 2023
Charge for the year
At 31 October 2024
5,454
1,021
6,475
Carrying amount
At 31 October 2024
4,085
Al 31 October 2023
5,106
15

SEF CYMRU
Company Limited by Guarantee
Notes to the Financial Statements (Continued)
Year ended 31 October 2024
10. Creditors: amotsnts falling due within one year
2024
2023
Accruals and delerred Ill￿Me
300
11. Pensions and other post retirernent benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relat￿n lo defined
Gontn"bution plarks was £1720112023.. £Nil).
12. Analysis of charitable funds
Unrestrlcted funds
At
1 November
2023
At
31 October 2
024
Income ExFEnditure
General fvr¢ds
52,570
29.D20
143.2721
38,318
At
Al
31 October 2
023
1 Novemb
2022
Income Ex￿ndItUre
General funds
61.997
10,(X)O
119.427}
52.570
16

SEF CYMRU
Company Limited by Guarantee
Management Infomiation
Year ended 31 October 2024
The following pages do not fomi part of the financial ststements.
17

SEF CYMRU
Company Limited by Guarantee
Detailed Statsment of Financial Activities
Year ended 31 October 2024
2024
2023
Income and endowments
Donations and legacies
Other Grants
29,020
10,000
Total income
29.020
10.000
Expenditure
Costs of raising donations and 18gacies
Volunteer expense
Community Organisabon Expenses
Events
Study Club
Travel & Subsistence
Telephone
Aclmin costs
Depreciation
Accountancy fee5
Repair & renewals
Sub contractors
Legal & professional fees
Sundry
17201
1.164
7.581
24,453
5.125
646
2,343
8,629
2,836
283
3,759
1,277
300
1,021
350
1.179
200
450
383
43.272
19,427
Totsl expenditure
43.272
19,427
Net expenditure
114,2521
19,4271
q8

SEF CYMRU
Company Limited by Guarantse
Notes to the Detailed Ststsment of Financial Activities
Year ended 31 October 2024
2024
2023
Costs of raising donations and legacies
Costs of raising donations and legacies - Other type 1
Volunteer expense
Community Organisab"on Expenses
Events
Study Club
Travel & Subsistence
Telephone
Admin costs
Depreciation
Accountancy fees
Repair & renewals
Sub contractors
Legal & professional fees
Sundry
17201
(1.1641
(7,5811
{24.4531
(5.1251
{6461
12,3431
18,6291
12,8361
12831
13,7591
11,2771
13001
11,0211
{3501
11,1791
{2001
{4501
{3831
(43.2721
119,4271
Costs of Tai$ing donations and legacies
43,272
19,427
19