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# MAGYAR CYMRU CIC

## Company limited by guarantee

## Company Registration Number:
15210686 (England and Wales)

## Unaudited statutory accounts for the year ended 31 October 2025

## Period of accounts

## Start date: 1 November 2024

## End date: 31 October 2025

# MAGYAR CYMRU CIC

## Contents of the Financial Statements

for the Period Ended 31 October 2025

Balance sheet |
Additional notes |
Balance sheet notes |
Community Interest Report |

# MAGYAR CYMRU CIC

## Balance sheet

As at 31 October 2025

| Notes | 2025 | 13 months to 31 October 2024
--- | --- | --- | ---
|  | £ | £
Current assets
Cash at bank and in hand: |  | 5,172 | 43
Total current assets: |  | 5,172 | 43
Creditors: amounts falling due within one year: | 3 | ( 4,782 ) | ( 630 )
Net current assets (liabilities): |  | 390 | (587)
Total assets less current liabilities: |  | 390 | ( 587)
Total net assets (liabilities): |  | 390 | (587)
Members' funds
Profit and loss account: |  | 390 | ( 587)
Total members' funds: |  | 390 | (587)

The notes form part of these financial statements

# MAGYAR CYMRU CIC

## Balance sheet statements

For the year ending 31 October 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 2 July 2026
and signed on behalf of the board by:

Name: Balint Nikosz Brunner
Status: Director

The notes form part of these financial statements

# MAGYAR CYMRU CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover comprises the invoiced value of goods and services supplied by the company plus grants received, net of Value Added Tax (where VAT registered) and trade discounts.

# MAGYAR CYMRU CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

- ## 2. Employees

  | 2025 | 13 months to 31 October 2024
  --- | --- | ---
  Average number of employees during the period | 0 | 0

# MAGYAR CYMRU CIC

## Notes to the Financial Statements

for the Period Ended 31 October 2025

## 3. Creditors: amounts falling due within one year note

| 2025 | 13 months to 31 October 2024
--- | --- | ---
| £ | £
Taxation and social security | 98 | 0
Accruals and deferred income | 3,728 | 610
Other creditors | 956 | 20
Total | 4,782 | 630

# COMMUNITY INTEREST ANNUAL REPORT

### MAGYAR CYMRU CIC

### Company Number: 15210686 (England and Wales)

### Year Ending: 31 October 2025

Company activities and impact

Magyar Cymru CIC exists to foster mutual understanding between the people of Wales and Hungary by promoting cultural exchange. During the financial year ending 31 October 2025, we provided opportunities for Welsh and Hungarian communities to connect, both in-person and online. Our activities included: organising a one-day community festival featuring Welsh and Hungarian folk dance, folk music, authentic cuisine, an artisan food & crafts market, and interactive workshops. The event attracted 200+ attendees (mostly Welsh and Hungarian families) – including dignitaries from the Welsh Government and the Embassy of Hungary; delivering a series of themed cultural workshops and social activities in Cardiff, with the help of volunteers from the Hungarian diaspora community; delivering a series of interactive sessions about Hungarian culture at Nant Celyn Primary School (Cwmbran) and Pantside Primary School (Newbridge), which later inspired a touring exhibition and workshop series set to launch in late 2026; launching a virtual school twinning programme and onboarding 6 primary schools, with an additional 4 schools on a waitlist. As in previous years, our activities encouraged social cohesion between communities, fostering cultural awareness among Welsh people and reducing social isolation for Wales’ Hungarian minority. Our work also helped promote Wales as an inclusive and welcoming nation, giving Hungarians a sense of belonging and challenging misconceptions about the Welsh language.

Consultation with stakeholders

Magyar Cymru CIC’s stakeholders include young people and adults in Wales (and the rest of the UK) who are interested in learning about Hungarian culture, as well as individuals in Hungary and Hungarians currently living in the UK who seek to better understand Welsh culture. All our 2024-2025 events and activities were developed following feedback from the communities we serve. This included: consulting with the Honorary Consul for Hungary in Wales, the Hungarian Embassy, and the UK's Hungarian Cultural Centre to align with their priorities; verbal feedback from the Hungarian diaspora school of Newport, and other Hungarian-led community groups in South Wales, to assess their needs and preferences; in-depth interviews with Hungarians in Wales that revealed experiences of xenophobia and a growing affinity for Welsh identity, shaping our aim to foster shared cultural understanding; video interviews with community leaders, providing insights into previous efforts to develop Welsh-Hungarian connections.

Directors' remuneration

The aggregate amount of emoluments paid to or receivable by directors in respect of qualifying services was £1,836. There were no other transactions or arrangements in connection with the remuneration of directors, or compensation for director’s loss of office, which require to be disclosed.

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 July 2026

And signed on behalf of the board by:
Name: Balint Nikosz Brunner
Status: Director