REGISTERED COMPANY NUMBER.. 08867706 IEngland and Wales) REGISTERED CHARITY NUMBER: 1179555 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR MENTER IAITH BRO MORGANNWG MHA Elfed House Oak Tree Court Cardiff Gale Business Pa CARDIFF CF23 8RS
MENTER LAITH BRO MORGANNWG CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report ofthè Trustse$ 1 10 4 Indepèrtdent Examinerfs Report ststem•nt of Finaneial Activities Balan¢e She•t Notss to thg Flnan¢lal Stst¥ments 8 to 14
MENTER lAH BRO MORGANNWG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The tnjstees, who are 8150 dir8Ctor5 of the chartty for the purpos85 of the Companles Act 2006. present their report with th8 financial slatements of the tharity for the year ended 31 Mah 2024. The truste15 have adopted the prowisions of Accwnting and Reporting by Charities.. Statement of Recomrnended Practice applicablg lo charit6es preparing Iheir accounts In ardance with the Financial Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102} leffedve 1 January 20191. Obj•etSv8s and alms The object of th8 charfty is to boost commvnlty education and g•n8rdl inforrnatlon by promotlng the Welsh language. AMBITION The Welsh languag8 bècomiThJ 8 centrd part oflwe in the V¥lo of Glamorgan. MISSION STATEMENT To promote and exp8nd Ihe sockql use of the Welsh language in the Vafe of GIanrgan. M8nter 18ilh Bro Morgannwg supports th8 WeL8h GoYemmenV5 V15ion of one million W4h sp88kers by 2050 and Ihe V8k of Glamorgan Council'5 Strategy of Increastng the number gf speakers. Our work supptrts the W8N-bein9 of Future Generalk?ns (Wales) Ad 2015 In ¢Sng a Wales that we 81 want to live In, now and In th6 future. Central to our ambition is to See the Vale of Glamorgan as a pbce ol vibrant culture in whlch the Welsh18nguag8 thrives logether with a society th8t promotes and protects our cultu, herftago and ngUage. Each one of as partners, lunders, stskeholders. volunleers and utizen$ of the Vale, has an tmportant contrlbution to make in ac*i8ving this. STFiATEGIC AIMS - Creating opportunities lo use Welsh in our comrnunilgs. In¢8$ing awareness and improving attthde5 towards the Webh languag8. Increasing confidence io use the Welsh langu8ge sodally. Devek)ping ernployment aNJ training OPFM)rtunities lor young people and 8dvll$ through Ihe mediurn of WeL8h. - Org8nising a festival to lebrate th8 Welsh language anil ojtture. - Ensuriw that Menter laith Bro Morgannwg has an effectlve digital platform. - Wothin9 in partnetship wilh variw¥ bodies ant1 oryènisation5 A¢tlon arna$ Menter laith Bro Morg8nnwg wlll be a¢tThig in th8 8rgas assoclated wllh th& Vlg of Glam¢)Tgan Cotsnols Local StrategÈs an¢J thtr National Slrategies olthe Welth G0Mment. Strategy Area 1 THE FAMILY Strategy Area 2 CHILDREN AND YOUNG PEOPLE Strategy Area 3 THE COMMUNITY Strategy Area 4 ADULTS stratsgy 5 GWYL FACH Y FRO K•y porformance Indl¢ator6 Menter 1811h Bro Morgannwg% Board ha5 agreed on a numbor of Key Pgrforrnance Indlcator5 which will help us to understand lo what degr08 we ar8 succeeding In luffilling our objectives. We continue to monitor and s¢wlinBe pro98$ by collecting and retwing d818 regularfy on ihe numbers 8ttandinglpaFti¢ipating in actiwti8s ufjder Menler lath Bro Morgannwg's administration. Pub14c benefrt The trustee$ have had due reg8rd to lh8 Charty ComrnL8sbns Qdance On public benefft. The entire wort of Mentèr laith Bro Morgannwg is designed for the benefft of the publle. The prin¢ipal object is to promote the use of th¢ Welsh language in the Va18 of Gl8morgan. This is donè by arranging and proMon9 activilles and events which are open to the public. The acllvities and gvenls provlde an opportunity lor people of all ages to socialige and enjoy themselves in a friendly environment. whilst increasing the v5e of the Welsh language. The seTrico is publicised and new peoplg qncouraged to take parL Th•ra 1$ an incr¢8&ng demand for tha proviswjn fmm thè publi¢ in all parts of Iho county. &)me of the activftlès are free ané when there is a ngod to charge the Costs are kept 8$ bw as possible to encwrage comrnunlty engagern¢nt. Page 1
MENTER IAITH BRO MORGANNWG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Volunteers Thanks go to the amiy of vOlUnts8 who $eThe on Menter laith Bro Morgannwg B04rd and who work OTh Our numerovs pro11$. OBJECTIVES AND ACTIVrnES ChÈrMablt a¢tlvltie8 Menter laith 6ro Morgannwg proMd95 a wKle rango of sarvic88 through tho meth'um of Welsh across The V8kg of Glamorgan. outNne of thg work can be sg¢n on Menter laith Bro MOrgann'S website www.menterbromoryannwg.cymru We succeeded In receiving lundin9 from The V210 of Glamorgan Coun1 thrwgh the Framgwoth agreamlnt. We also eived fundiNJ tOW8r(Is ourservi¢es from thè W£Lsh Govemmont, tlw Arts Council of Wales and Barry Council. Havlng held sorne most of our adSMtles online during the Covld periool we have o)ntlnued to off8r some aGtivttles online in rec8nt yaar5 due ¢0 thalr popularity. Th88e have Irluded adu aduCaOn courses and ona-off talks. The maln part of our prov15ion Is Ihe dellvery of actwthes targeted at young famili8$ and children of Primary school age. These Include a serfès tsf weekly storytelling se55ion5 for pre-$¢hool chil¢Jran. Aso OUT efforts ar• focvs8d on dellvering open ae$S 0Y stS5ions across Ihe Vale during holiday periods. A crilical el&ment lor us 1$ to en$ure that P80pkn of all agas have opportun#i6s lo uss th8lr Welsh on a soc181 kvel. outside the dasswmlwork, as well &$ a chance to develop new sk#l$. meet new PeIe enjoy new experiencas. Again this year, the partnership bgtween Menter lailh Bro Morgannwy and the Sports Department of Urdd Gobaith Cymru conunued allowlng u5 tg ollera range of aftèr school SPOFts club5 forchildren. FINANCIAL REVJEW Flnanclal position The charity had incorne for the year of t137.120 and expendlture of £153.137 whth iesutted In a net deficit p0511ion of £16,017. At 31 Mah 2024, thero was cash at bank of £19.556 and net assets of £34,285. Menter laith Bro Morgannwg has an over811 ¢reditor balanee th M8nt8r C8erdydd of £2,236, wh) wlll ¢onllnue to support Menter lalth Bro Morgannw9. Due to slandslill grants and increased eosts the charity (s anticipang a fijrther deficlt In 2024125. A cost euttiFVJ Èxereise has b88n undertaken. IncludSng a r8ductson lo W0{n9 hour5. Opb'ons for additional fvnd raisir¥J a Stt baing eonsidered. The current level of ServeS, woujd alkjw the charity to conts'nue for at least 12 months from Ihe date of approval of these financial statements wthout any of the m8a5UT8S nolgd above. as a r8sult thg tnJst8es are satsfiod that the finanr431 stslements should b? prepared C a going con¢¢rn basis. PrIn¢l1 fundlng sour¢o9 Menter Isith Bro Morgannwg is grattsfvl to the Welsh Govemment, The Vale of Glamorgan Coun1 and other sponsors for their continued financlal 5UPPOrt to M8nter lailh Bro Mtsrgannwg's activities. Details can b8 seen in th8 [S to Ihe arxounts. Rgs•ms pollcy The trustees havè con¥idered the needs of the charity for financial r858rv8s in aCrdanCe tho gvidolina¥ given by the Charity Commlsslon and havo adopt8d thg folk)vlrvJ polklas: The nètd for a reserve lunds Ls.. 1. 81 To have money to e&mi8rk for spedal prlects In orer to devebp them or realise them befo hjnding is receNed andlor due to a funding lag at the beginning of a new financial year., bl To ensure that rnoney 15 availab for administration and support costs which enab the chartty to opèr8te especially during riodS of un¢erfalnty that could have an enorny)us Imp8EI on the Inrne generation opporturtty of the charity, 88 well 8S 8ddthonal pressures on fulure grants. This r8serv8 level also tskes into aeLvnt period$ a¢ Ihe begInrI9 of new finanual year. The cvThent pc41cy ofthe trust is the finarrial reserve should equata to £18.000 to £25.000. Currenyy the ch8ity has £34.190 fre8 r8seNe$ and thtr tru$tee5 are worklng to malntain thè rès8N818V81 In line the poIy. Paga 2
MENTER lAH 8RO MORGANNWG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FUTURE PLANS The Bo8rd and staff 8t M8nler lailh Bro Morgannwg have ¥wrked brelslY through(rt, collaborotlng wth colleagues from other organisalions a¢ross Wales lo en8ure that Welsh langvag8 social opportunit$ have continued lo be delivered and enjoyed. Wg wll continue tts develop the engagem8nt provision for tlder1è8mw5 Ihrou9h d lunding from the Heritage Lottery. Mtntér lailh Bro Morgannwg is committed to ensuring that our woJk conJnues to r8flecl the needs of th& diverse Welsh CDmrnunilies right aeross Tha Vale especially as w8 ernerge from the pandemic. We will need to continue to calk8n99 areas of expendlturè in order ¢0 driv8 down costs 8s w911 as kjoking for new 50ur¢8s of Incom&. We have been realisti¢ in recognlsing that we face a challenging 8conomic period golng forward. but by continuiro to Innovate, working collaboratNety wth partners from the third sector. the publlc sector and the private sector we a confident that we can contlnue to furril the obJeclSves Sn our Corporate Plan 12022-251 and that our services have a 05ve impact on the Welsh languag8 in The Vale ol Glarnorgan, Indudlng- - Creating ppportunits'es to usè WeL8h in our cornrnunthes IntaS1n9 awaren8S5 and impfoving attitudes towards the Wèlsh language Increasing Confidenc8 to use the Welsh L8nguage soclaljy Developlng employment and trainlng opporiunilies lor young peopb and adults through tha medlum of WeL8h - Organislng a festival to celebrate the Welsh language and culture - Ensuring that Menter Bro M¢)rgannwg has an effective digital plarfomi - Worknng n partnershlp various bodles and oo8nlsatlons By (x)nCtra1.n9 on th$s8 main priorilles Menl8r laith Bro Morgannwg 11 play 8 key role Sn the work of promtiting the Welsh language in The V818 and will Support th8 dejivery and signposting of the main Strat8g priortlies ol thg Welsh Goveinment of reaching 8 mllllon Welsh speakers by 2050, and Th? V81e of Glamorgan Council's strategy ol Increang the numbor ofwelsh speakers. Momng fOards, we alm to fuwthtr develop G¥W Fach y Fro as a Celebration of ihe Welsh language and cutture in thE V818. We will also ntinUe to offer opportunltles thTOLSgh our digital offer for 8dults. The prmary focu5 wll r8maln on the delivery for children, thus creating so¢ial opportunitses in Welsh outside thè sthool day 8T we wlll work ¢losety with other organisatlons in order 9rnpower others In th8ir ¢ornmthent to the Welsh language. STrUCTURE. GOVERNANCE AND MANAGEMENT Go¥omSng docurn•nt The char4ty 15 govemed by ils Mernorandum and Artlcles of AssrKiation and constitutès a company limited by guarantee, as dèfinpd by the Ccrnpanles Act 2006. Recrultm?nt and appolntm8nt of new trJJstee8 Th8 Board ol Trust¢65 ar8 elected on an annual basis by the mornb8 of the Charitab compary at th8 Annual General Aeellng. InvilatEons for ngminations of n8W trustees a sent to all rnembers wth noti ol the proposed Annual Genernl Meeting. and nornin8tions are aceepted up to seven days tefore the dale of the mseting. Proposed twstees sty requir8(1 to be nomina18d by different member8 of the eharitablo company before theirnomin8tion can be consided. Organlsational stru¢tuYe Menler laith Bro Morgannwg's Chief Execulv8 is r8$ponsil)le for the day to day running ol the organisatbon and all slaff and financlal needs of Ihe organisation. The Board meets up to 5 times per year and the CEO 8tt6nd5 all meetings and presents a won and fomal presènlation of the Serv1 delw8ry of the organi6atk)n to d8te. Every a8pecl of govemaneè and fin8n¢e are dlsoussed durin9 every board meelirva. Pollclo$ and procgdur•$ for the Inductlon and training of trust••J Wo recognise that Ihe work that trusiees ¢Jo is Invaluab io the organlsation. and that gxJd govemance is a vital part of how we as an organi5ation operale and aTe held 8¢countable for what we do. Menter lalth Bro Morgannwg currently holds a third sector Trusted Ch8rFty quality 8ssuran¢e mark and we will look to renew thls in the next financtal year. Th¢s prograrnfne will provtde the structur8 and framework 10 ensure Ihat Trustees are provid8d wlh the SUPPOrt and le8der5hip Ihat they need in order to conduct their dutle$ as Trustses to the best of their abilities and that Inductson and training is at the forefront ol our support to thgm. K•y managèment remuneratlgn Thls is discussed bwthin the Personnel sub-¢ommltt8e that meet pw year to discttss and make decislons on any remuneraloon Issues withn the organi58t?n. The Chair and Cornpany SecrelarylCEO ara key nMberS of this committee. Page 3
MENTER IAITH BRO MORGANNWG REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number 08867706 (Eroland and Wa1è51 Règlster*d Chaffty number 1179555 R•glst•r•d 0ffi¢g Yi Hon Lyfrgell Trinity Street Cardtff County of C8rdiff CF10 1BH Tru$t•es A L Brown L W Gapper D L Griffith L G G¥tgg GPHuws GRScott R W Dafydd G Edw8rds Co-optsd to th• Board.. NM6n S Clubb Company S•¢r•tary H Rees Ind•nd•t Examlmr Julia Morbmer FCCA MHA ItradSng name of Maclntyrg Hudson LLP} Limited li8bih.ly partnership in England & Wales R99L8led numbpr OC312313 Eved House Oak Tree Court Cardlff G8te Business Park CARDIFF CF23 8RS Approved by order ol th8 Board of Truste on ........... 2024- .. and slgned on ts behalf by.. A L Brown- Truslee Pag• 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MENTER IAITH BRO MORGANNWG Indepgnd•nt gxamln•fs r•port to the trusteès of Monter lalth Bro Morgannwg Cthe Compan I report to the charity truslee5 on my examlnalion of the a9nIS of the Company for the year ended 31 Marth 2024. Responslblllts #nd b8815 of pOrt As the charity's trvst8e5 of Ihe Company land abo ils dlrectors for the pury)oses of company lawl you are Tesponsible for tho preparation ofth8 a¢counts In aecordance the requir8rnents of Ihe Compan5 Act 20&8 Ilhe 2Q06 AeVI. HavtThJ satisfied myseff that the AcrDtJnts of the Company 8re not re4ulred to be 8udit8d under Part 16 of lh8 2006 and are eligib for Independent 8xaminalion. I IBport in respect of my oxamination of your charity5 aceounts as carrièd gul under sècts.on 145 of the Charities Act 2011 I'the 2011 ACYI. In earying out my exam¢nallon I have foNowed th8 Direcllons glvèn by Ihe Charty Commission under Sectbn 145151 Ib} of th8 2011 Ad. Indopènd•nl examlnerfs $tatemtnt I have completed my examlnation. I Confi that no matters have wme to my 8tt8ntion In c¢x)neclknn with the 8X8rnlnatlon givlng rne cause to bellev8'. acwunth.ng reco$ w8rg not kept in rospect of Ihg Company as required by Section 386 of the 2C#]6 Act,. or the accounts not 8¢cord wlth those rocords., or the accounts do not ¢Dmpty with the aount4ng I[Temen(* ol seCOn 398 of thè 2006 Act other Ihan any requirement that the accounts &¥vo 8 true and fair vk8w whkh Is not a matter sIdered as p8rt of an ind8pend8nt examination., or the a¢coun$ have not bean prepared kn accordan¢9 with the methods and prinriples of the Statement of Recornmended Practice lor accounlng and ¥eporting by ¢haritias (applicable to ¢harfties prepartng thair accounts In acrdanCe wlih th? Finanrial Rep Stsnd8rd appllcable In the UK and Republk of Ireland IFRS 10211. I have no ¢oncems and have come a¢$$ no other matters In Gonneclion wilh the examlnation to whieh attendon shoul b• drawn in this report in order to enablè a PrOr understandtrng of the accwnls to bo r8ached. Juli3 Mortlmer FCCA MHA Itrading narne ol Maclntyre Hudson LLPI Limited liability partnership in England & Wale5 Registered numbor OC312313 Elfed House Oak Tree Court Cardrff Gate 8uslnes$ Park CARDIFF CF23 8RS Page 5
MENTER IAITH BRO MORGANNWG STATEMENT OF FINANCIAL ACTMTIES IINCORPORAnNG AN INCOME AND EXPENDuRE ACCOUNT) FOR 7HE YEAR ENDED 31 MARCH 2024 2024 Totsl funds 2023 Total funds Urwestrthd Thj Re$trE¢igd funds Notes INCOME AND ENDOWMENTS FROM Donal"ons and legaeies 54.072 73,986 128.058 148.905 Charltable actlvltle8 Enhancernent of communlty education and ggngral information by promoting Wefsh language 11,869 Total 63.134 137120 158574 EXPENDITURE ON Charitable acti¥itit$ Enhancèment tsfcornmunity educth.on and gèneral infonnation by promotlng Welsh 18nguag8 79,151 153.137 157,598 NET INCOMEIIEXPENDITUREI 116,0171 116.0171 976 RECONCILIATION OF FUNDS Tolal fvnds brought foard 50.302 50.302 49.326 TOTAL FUNDS CARRIED FORWARD The notes fomi part of these flnanual statements Page 6
MENTER IAITH BRO MORGANNWG BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Totsl funds Unr8Strictod fund Restrict6d funds Notes FIXED ASSETS TarvJlbJe assets 95 285 CURRENT ASSETS Dobtors Cash 81 bank and In hand 12 3.173 32.409 35.582 19.556 34,162 37,241 44,288 10.850 55,138 71,403 CREDITORS Arnounts f8Ning due 1h1n on8 ar 13 110.098} 110,8501 120.9481 121,3881 NET CURRENT AS8Ers TOTAL ASSETS LESS CURRENT LIA81LITIES 34,285 34,285 50,302 NET ASSETS 34,285 50,302 FUNDS Unr8Stri¢ted funds 14 50.302 TOTALFUNDS The charitable company i8 enltled to èX8mption from audt undor SoCth?n 477 of thg Companias Act 2006 for tha yaar ènded 31 March 2024. Th8 rnembers have not requir8d th8 company to obtain an audit of its findl staternènt$ for the year ended 31 March 2024 in accordance with Section 476 of the Cornpanie8 Act 2006. The twstaes acknowledg? Ihelr responslbllmeg for lal ensuring that the charitable company keep8 aco)unting records that compjy wth Secbons 386 and 387 01 Ihe Companies Act 2006 and preparing financial statements which give a true and fair view of Ihe $tate of affairs of lh8 chaFit8ble company at the end ot ea¢h financial year and of Its surplus or deficit for each financSal year In 8cwrd8nce with the reqV1MentS of Sections 394 and 395 and which otherwise comply with Ihe reouifyrn8nts ol the Companigs Act 2006 relating to financial stslements, so faras aP1¢8t4e to the (aritablg ¢ompany. These finanelal statements have been prepared in aw)rdan¢e wth the provisions aPplIcab to chaThabl& comp8n189 subjeGI to the small Companies wlme. Ibl Th8 finanoa slatemtrnt5 were approved by BDar(l of Trust•aS 8rMI authorisgd for Issug on - and w8re signed on Ks beh&W by= A L Brown- Trustee The notes fonn part of these finanri81 statemenls Page 7
MENTER IAITH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATvfoRY INFORMATION Menter la¢th Bro Morgannwg Is a registered ¢hanty and prfvate company limited by guarantee, with no sharo eAPital. It 15 in¢orporated in Wale5 in Ihe United Kingdom. Th8 fe9lSter8d offe is Yr Hen Lyfrgell, Trinity St¢t. Cardrff. WaleB. CF10 1BH. The finan¢lal statam8nt5 are presented In St¥rting (£1, the chaiitys funcbonal Djrrèncy. and Tounde(I to the ngaT6St pound. The princlpal actiwties and nature of tharlvs operallons is to Create oPrtunIt$ for Welsh speakers to use the language by suppoth'ng the present Welsh knguage activit18s and to 8ncourage and promot& a c¢)mmunty own8rship of the Welsh language. Th8 significant aGcounting policies applied Sn the preparalK)n of these financial statements arg 8et out below. These policl8s havè b88n consistendy applied to all years presented un$ otherwise 51ated. ACCOUNTING POLICIES Bas4s of pr•parlng th¢ ffnanelal statom¢nts Thè financial statements of the charity, which is a pbItt banerrt enlity under FRS 102. have been prepared In acujrdance wth the Chariti88 SORP IFRS 102} Accounting and Rep¢Ybng by Ch8rit18s'. Stalernent of Re¢ommended Practice appllcable lo charftles preparing their accounts In accordance with the Financial Reporting Standarrl applic8N8 in the UK and Republic of Ireland IFRS 102 S1A Update Bulletin 11 leff8Ctiv8 1 January 20191,, Financial Rpportir9 Standar(1 102 'The Financial Reporting Standard 8pplicable in the UK and Republic of Ireland, and the Compani8s A¢t 2006. The finanaal sta18rnent5 have been propar8d under Ihg historical cost convenlbn. Thgre have been material departures from Ihe standa. PrepJrallon of the accounts on a yolng concern ba55s Due to slandslill grants and increased c$1$ tho tharity B anticipating a further deficit in 2024125. A cost cutting exercise has be8n undertaken. induding a reduction to working hours. Options for addttional fund raislng are also being cortsidered. The current level of reseNes. would 811ow the charity to continu8 for at 12 months from thfr dat$ of approv81 of these financlal statements wilhoul any of the measures noted al)ove, as a result the trustees are sobsfied that the financial statements should be pPared on a going concern basi8. Incomo All Income 15 recognised in Ihe StatonnI ol Financial Actlv5tles onca tho charlty has gnutlement kn tho fur5, Ills probab18 that the in¢ome 11 be mesd and the amount can be measured reliably. DorEoVon$ and 199a¢l•s lftcomg Donations and g&eAt$ income includes donations, gift5 and grants that wovide core funding or are ol a g8neral nature and is recogni58d whore there Ss entilèm8nt, probability ol re(elpt and the amount can be measured wth SuirKnt ro15ability. Such income is only deferred when Ihe donor specifie5 it must be used in future accountlng periods oi ihe donor has imposed conditions whith mu$l be met before the charity has unconditional ene[enL In¢orne frgm charitsbh activities Income from charitable acuvltigs indudes incom8 received und8r contrad or where entement to granllundiry is Subject to Spetsfic perfornian CondIt)n$. Th[8 irtcin8 is recognised a$ the relate<l services ar8 promded and there Is entleMent, probability of receipl and the amount can be measured wth suffioenl r81iability. Income is deferred whgn thg amounts recewed are in advance ol the perfomiance ol the s91c¢ or event to which Ihey relate. Expenditur• Liabililes are roeognisèd a5 expendlture as soon as there is a legal or constfuctive obligation commRting the eharity to that expenditure. it Is Pfobable that a transfer of economic b¢nefts will b8 required in sewement and the arnount of the obllgatkjn rAn L meo8ured reliably. Expondltura is accounted for on an 8¢cruals basis and has beèrn cEa8sDled uThSer headlrtgs th81 aggregate all cost related to the category. Where cosls eannot bo dir8Ctly attributed tts partIclar h8ading3 they have been albcated io activitigs on a basis )nSistent with ihe uge of resourcos. Eynditur8 indudes ary VAT whlch c8nrrf)t be ful recovered and is rerted as p8rt of the expendiiure to whith rt ra18tes. Pago 8 nJnu8d...
MENTER IAITH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POUCIES- cgntlnu•d Expendltu Charitable expenditure comprises those costs incurred by th8 charity In th6 d8llv8ry of its aetfvitles 8nd seNices lor Ils beneficiaries. It includes both costs that can be allorAted directly to such 8¢tivilies and those costs of an ndlrect nature necessary to 5UPPOrt Ihem. Support costs are those costs thal, whi15t necessary to dalNer an acllvSty, do not th8msefves produc8 or con5kn'fv18 the output of th8 charitabl& actwity. This inclLKles govèm8nce costs whlth are those costs a5swiated with meets'ng the ctsn5blutional and statutory requirements ol the charity and includ8 Ihe accountancy fees and osts linked to th8 5tr8tegic management of Ihe chaiity as well as a prOpon of Salaries bttsed an approxlmauon of Ilme spent In thls ar8a. Tangible fixed a$601s Fixed ttss8ts are capitslised at cost. Depr8¢iaUon is c8lculat8d so as to wwite off Ihe cost of an a5S8t. less Its estimated residual value, over tho vseful tsfe of that asset as follows.. Computer equiprnent - 25% stralght linè TaxatEon The charity is exempt from corpoTatSon tax on its charitable at$. Fund a¢¢ountlng Unre$tri¢ied funds can be used In accordance with the thorItab objectives at the dll8cretKJn of the trth5tees. Restri¢te41 lund5 can onty be used for parucular restriotgd Pufwses within the objects of the charity. ReStriCtn$ adse when specified by the donor or when funds ère ratsed for partkular re5trKted poSe5. Furthèr e¥planatlon olthè nature and purpose of •ath fund ¢5 induded in the notes to thè fia8ncial statements. Flnan¢kl Inst¥urnonis The charity onty h83 financial assets and financial liabilities of a kirKI Ihal qualify as a basic financial instwments. Basic financial Instruments are sniallY recognised al transactH)n value and Subsequenly rneasured at thelr setttoment value. DobtOTS Trdd8 debtors and othtrd8btors are re¢ognt$8d at the settlemont arnount due afterany tradè discounts offgred. Prepayrnent a valued at the arnount prepaKI n?t of any trade discwnts due. Credltors ¢ditorS ar8 r8cognised Wre thè charity has a present oblioalion resLtlting from a past event that will probabty sutt In the transfer of fun¢J5 to 8 Ihird paity and the amount due to seitte obligation can b8 measured or 85timated relSabty. DONATIONS AND LEGACIES 2024 2023 DonaJons Grants 671 127,387 1,455 145 450 128.058 146,905 Page 9 conlnuod...
MENTER lAH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES- ¢ontSnu•d Grants receiv8d, includ8d in the above, 8rs $5 follows.. 2024 2023 Ltywodraeth Cyrnru- Grant Adran Cymraeg 2050 Cyn9or Celfyddydau Cymru- G1 Fach Y Fro Cyngor Bro Morgannwg- Granl Fframwailh CyTrraeg Cronfa Gymunedol y Lo18ri Genedlaethol- GFYF Mentrau latth Cyrn Cyngor Bro Morg8nnwg- Hafo Hh Cynwr Trefy Barri Cyngor Bro MorgaTrnwg- Gr8nt Wliau 60.000 14.747 36,360 10.000 780 62.400 10,000 43,000 10,000 17,300 2.750 3.000 2.500 127387 145.450 INCOME FROM CTrIARITABLE ACTMTIES 2024 2023 Fee income Tho only charitable advlty is the anhanrneDl of community 8duratKJn and general infOation ty promoting Ihe Welsh Langu8ge. CHARITABLE ACTNifiES COSTS Direct Cost5 Isee not8 61 Support costs Iseo note 71 Tol819 Enhancèrnent of communlty educa*'on afid general information by promottng Welsh language 14,617 153.137 DIRECT COSTS OF CHARITA8LE ACTIVMES 2024 2023 Staff costs Activities Play 5chemg GWO Fach Y Frol9igs Play clubs Depreoation 59.882 15.138 2,639 57,532 3.139 190 59,497 35.114 3,372 40,181 7,690 190 138.520 146.044 Pag8 10 nnued...
MENTER IAITH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS- conunued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS 2024 Rent Telephone and intemet Storage costs Subscription5 Printing, postsue and statK)n8ry Advertising Insijranc Travel and subslstence Legal and profe5sion81 rxjsts Independent examination fees 2.140 360 2.970 1,039 164 1.09D 1,500 2,144 1,410 Tot81 supportcosts NET INCOMEI{EXPENDrruREI Net IMe/(eXPendurej 1$ ststed afterCrgingl(creddtIng>'. 2024 2023 D8predatlon- owne¢J asset5 190 TRUSTEES. REMUNERATION AND BENEFITS There were no truste•s' rernUrraon or othèr benefits for th¥ year ended 31 March 2024 or for the year ended 31 March 2023. Tru$t••5' eMpens•8 ExFenses wgre paid by the eharity on behaifof one trustee during the yearol £2812023 . Nil). Page17 connued...
MENTER IAITH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS * ¢onllnu•d FOR THE YEAR ENDED 31 MARCH 2024 10. eOMPARATtVES FOR ThE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restrkted lunds Total fvnds INCOME AND ENDOWMENTS FROM Donations and legacies 57.492 89,413 146,905 Charftablè a¢tlvltl•s Enhancement of cornrnunity educallon and general informatiorn by prornoting WeLsh language 11,669 Total 89,413 158,574 EXPENDITURE ON Charitable acllvltle$ Enhan¢ement of community edtIon and g¢ner81 infoMation by prornoting Wel$h laUage 68.185 89.413 157,598 NINcOME 976 976 RECONCIUATION OF FUNDS Totsl funds brought fOard 49,326 49,326 TOTAL FUNDS CARRIED FORWARD 50.302 50.302 11. TANG18LE FIXED ASSETS Compyter equipment COST At 1 April 2023 and 31 March 2024 760 DEPRECIATION At 1 April 2023 Charg8 for year 475 190 Ai 31 Mar¢h 2024 665 NET BOOK VALUE At 31 March 2024 Al 31 March 2023 285 Page 12 conlinuèd...
MENTER IAITH BRO MORGANNWG NOTES TO THE FINANCIAL STATEMENTS- contlnv•d FOR THE YEAR ENDED 31 MARCH 2024 12. De8TORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trdde ¢lebtors other debtors Accrued income Prepayments 20.168 226 2,500 15.175 2.222 16.765 13. CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2024 2023 Trade ttedltor5 Other credjtors Accruals dèfbrred Incom? 4,319 2.236 4.577 20.948 21.386 IncKJdgd wilhin accwals and dalerrèd Income above Is the followlng deferrgd irwm8: 2024 2023 Defèrfed incom8 brought forward R8lèased to SOFA Addittonal income deferred in the year 10.000 110.0001 10,000 110,0001 8.3SO 10.000 The delerred Incorne mlates to funding recelved n advancè of sar¥ic8 delivery. 14. MOVEMENT IN FUNDS Net mmm8nt In funds At 3113124 Al 114123 Unr•$tri¢ted funds General fund 50,302 116.017) 34.285 TOTAL FUNDS 50,302 16,017 34,285 N8l movement in fund8. Induded in the above are as follows.. InmIng iesources Resources expondad Movement in funds Unr¢strl¢ted funds General fund 63.134 179,1511 116,017) Restricted fund5 Welsh Frdm8work Fach Y Fro Sumrner Gig$ 36,360 32,126 136,3601 132,1261 5.5001 73,986 73.986 TOTAL FUNDS 137120 153.1371 16.0171 Paoe 13 conlnued...
MENTER IAITh BRO MORGANNWG NOTES TO THE FINAPICIAL STATEMENTS- cOnnU+d FOR THE YEAR ENDED 31 MARCH 2024 14. hTOVEMENT IN FLINDS- contlnued Comparotlvgs lor mo¥emgnt In funds N81 rnovernent in funds Al 114122 3113r23 Unr•stri¢l8d funds General fvnd 49.326 976 50.302 TOTAL FUNDS 49.326 976 50,302 Comparative movement in lunds. included the above are as follows.. Inccsming resgurces Resourcas expended Movtrmènt in funds UnrEstrlcted fun¢ts General fund 69,161 {6B.1851 976 Restrlcted fvnds Welsh Frarnework Gwyl Fach Y Fro Summer of Fun 43.000 28.163 16.250 143,0001 128,1631 TOTAL FUNDS 158.574 976 R•strl¢t•d lund$ Wolsh Framework funding was rècgivod from the Vale of Gl8morgaTr CounGiI to prowde Welsh language service5 across The Vale. Gwyl Fa¢h F Fro - funding was receNed f¥om Arts Council of Wale5. Welsh Govemm8n¢ and Th? Natlon8t Lottery Commun5ty Fund towards the Gwyl Fa¢* Y Frofeslival. Summer Gigs- funding received from Barry Town Council and thp Vale of GJany)rgan Council in to gigs hèld around Barry dwing the summer. Prlor year only Summer Of Fun - funding was recolved from thg Vale of Glarnorgan Council and Mentr8u181th Cymru to support the costs of the Surnmerol activthes. 1S. RELATED PARTY DISCLOSURES There w8re po related party transactions requlring di8¢108ure for the yeèr eYKled 31 March 2024 or for thè year ended 31 MaKh 2023. Pa98 14