REGISTERED COMPANY NUMBER: 2805996 (Wal) REGISTERED CHARITY NUMBER: 1020313 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR CHILDREN IN WALES. PLANT YNG NGHYMRU Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Parf( Swansea SA7 9LA
CHILDREN IN WALES-PLANTYNG NGHYMRU CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Reportof the Trustees 1 to 20 Report of the Independent Auditors 21 to 24 Statement of Financial Activities 25 Balance Sheèt Cash Flow Statement 27 Notes to the Cash Flow Statement 28 Notes to the Financial Statements 29 to 41 Delailed Statement of Flnancial Activitie8 42 to 43
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, psent their report with the financial statements of the Gharily for the year ended 31 March 2025. The trustees have adopted the provisions ofAccounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). Page 1
CHILDREN IN WALES - PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OWECTIVES AND ACTIVITIES Objèctives and alms Children in Wales promotes, advocates and supports full implementation of the United Nations Convention on the Rights of the Child.11 covers a wide range of issues including promoting effective early intervention services and improving the lives of vulnerable and disadvanlaged babies, children, young people and families in Wales and those who are discriminated against. It also promotes positive parenting, family support and good quality childcare. A particularly important part of the work involves an enhanced model of babies, children and young people's participation across Wales so that their views are heard by govemment and policy makers. Our children and young people's participation woth is known as Cymru Ifanclyoung Wales and also involves training for both children and young people and the W0forCe. This year, we have launched our new five-year strategy Towards a Better Wales for Babies, Children and Young People, and have embedded this across all of our work streams. In shaping our new strategy, we held hundreds of conversations with colleagues, young people, members, trustees, and partners. Through our conversations, we consistenlty heard that CIW is at its best when our work is rooted in the rights, voices, and aspirations of children and young people. We heard how our strong reputation is built on years of championing children's rights through training, advocacy, providing platfoms from which to amplify our members, voices and effectively influencing on behalf of children and our members. These conversations made it clear too that we cannot be passive. Babies, children and young people, and those working with them. are facing an unprecedented set of challenges, which Children in Wales has a role to adNely address. Our five-year strategy sets us on course to respond to these challenges. We've set ambitious, Valuesriven goals that anchor us in our core roles- representing our members, amplifying children's voices. and influencing policy to achieve better outcomes - while adapting our services to be the best they can be. We published our Annual Impact Report in November 2024, with a renewed emphasis on the impact that the work Children in Wales has made over the year. We have continued to respond to and seek to infiuence political changes in tandem with, and on behalf of, our members. This year, in collaboration with our members, we produced a manrfesto 'Putting Children Firsv in advan¢e of the UK Elections. We have continued to enhanc£ our participation work with young people via delivery of high quality residential, as well as via the Young Wales Feslival and introduced a new participation approach called the Big Conversation. A focused approach has enabled us to attract increased numbers of Young Wales volunteers with a broad diversity and from all regions in Wales. Intemally, we continue to improve our approach to inclusion and anti-racism via training, cross team discussion and have re•established an internal wotking group lask8d with enhancing our approach to EDI. We have coMMend working with Diverse Cymru to consider how we can embed cultural competency in all areas of our work. With our increasèd focus on safeguarding, we carried out a fvll audit of the organisation's work and carried out the recommendations in the report. The progress of this work is overseen by our newly established Safeguarding Group with representstion from our Trustees and Senior Léadership Team. We now have thre8 Designated Safeguarding Leads who are available at all times on a rota system. A full audit will be repeated bi-annually with a light touch annual review in ben. Financial challenges continue to have a negative effect for many d)ildren, young people and families in Wales and our annual poverty suNey this year also raised COnmS about the effects of this on their mental health and well-being. Consequenlly, this has been a key focus of our work during the year. At the starl of this year, the organisation moved lo a new, more collaborative office space. This has provided us with many opportunities to enhance our connectivty with other, like-minded organisalions, and expand the breadth of our neOrkS. The new offiS have also proved very popular wilh young people and have provided the venue for the annual Young Wales Festival and many other meetings. Intemal development work has continued through the year to help strenhen the organisation. for example.. Working with stakeholders, we began to develop our new Strategic Plan, to follow our Vision and Mission Statements in enhancing the organisalion's collective sense of purpose. We co-projuced a shared sel of organisational values, to further strengthen our organisational cohesion and allow us to clearly set out what it is that defines us. Page 2
CHILDREN IN WALES-PLANT YNG NGMYMRU REPORT OF THETRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 We have been awarded funding from more dNerse sources and continued to seek opportunities to generate innovative income streams wh¢ch benefit our members and enhance our work We continued to dev81op a programme of staff training and development, to enhance our efficiency and maximise our impact. These measures have allowed Children in Wales to ntinUe its aim lo improve the well-being outcomes of children, young people and families in Wales through the following strategic objectives= Strategic Objective I: To infomi and enable babies, thildren and young people to participate effectively and have their views heard by Ministers and policy makers through Young Wales and other participation activity, in order lo inform policy and pradice development whilst empowering babies. chIldn and young people. Strategic Objective 2: To work with Children in Wal8s's membership organisations and wider partners to enhance the connedions. engagem8nl and knowledgè of the cross sector Ghildren, young people and family support workforce in respect - children's rightslUNCRC - methc*Js of babies, ¢hildren and young people's participation - wlicy and pradice in delivering Welsh Govemment's national prioiities Strategic Objective 3.. To effectively influence and contribute to policy and practice development, aligned with Welsh Government National Strategy and priorities from the cross sector children and families workforce, member organisations as well as from babies, children and young people. Work to improve the lives of babies, children and young people in Wales. especially those in ne ed or marginalised was delivered through the following aclivities.. work to develop. maintain and support forums, networks and groups to bring the children, young people and family support workforce and also service users together to share infomation, research, policy and practice related to specific area5 providing an active national model of children and young people's participation 'Cymru Ifandyoung Wales. to inffluen Welsh Government, with partners Voices from Care Cymru and TGP Cymru, providing a dedicated website and increased social media activity 8s well as training for children, young people and the W0fOrCe on children's rights and child parti¢ipation consulting with the children's workforce and children, young people and families to establish their views in relation to influencing policy and practice development and to represent them in Wales, the UK and inlernational groupsl¢ommittees as well as supporting babies, children and young people to be representatives - work with members and other professionals and stakeholders to develop, support, review and promote policy dev81opmenl, practice development and research relevant to conlributing to implementation of Welsh Government programmes providing the children 8nd families, workforce and policy makers with a range of opportunities to access infomiation about the development of policies, practicé and services for babies, children and young people. This includes the website. quarterly magazines and mail-outs including newslétters, e-briefings, training, workshops, seminars, conferences and webinar events, tslks and presentations and responding to enquiries. Public, political and professional awareness is also raised through media worf< and campaigns - ensuring the charity's work delivers its aims ft)rthe public beneffl of babies, Children, young people and their families Children in Wales reviews its aims. objectives and adivities annually. This review looks al what has been achieved and the outcomes of the activity in the previous 12 months. The review also looks at the success of each key activity and the outcomes a¢hi8ved. The review helps ensure Ihat the aims, objectives and activities remain focussed on the stated purposes. In the furtherance of these aims, the Trustees of Children in Wales have complied with the duty in S4 of the Charities Act 2011 to have due regard to the Charity Commission's published general and SuSeCtOr guidance conceming the operation of the Public Benefit requirement under the Act. In particular, the trustees consider how planned activities will contribule to the aims and objectives they have set. The firnt outcome is that more babies, children and young people, especially those who may hav8 more drficulty getting their views heard, will have the opportunty to have a voi¢8 to inlluence Welsh Govemm8nt and other policy makers. The national model of children and young people's participation, 'Cymru Ifantyyoung Wales. creates a plafform through online, social media and a dedtcated web51te as well as national and regional meetings, direct engagement with local authority Youth Forums, schools and third sector organisations that support groups of vulnerable children and young pèople to participate in po licy and practice matters that affect them. Page 3
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORT OF THE TRLISTEES FOR THE YEAR ENDED 31 MARCH 2025 The second outcome ofthe work of Children in Wales includes an activè range of organisations and individuals linked together in a proactive nelwork resulting in improved policy and praclice forthe benefjt of all babies. children and young people in Wales. Equal access to Children in Wales, services is vital to successful outcomes. Children and young people and members oflhe multi-disciplinary and cross sector thildren's wotkfor(* will: be better infomed about children's rights and children and young people's participation Methods, children and family issues, policy and practice from receiving infomiation and training and making connections with others. gaining perspectivgs from across Wales and from different disciplines and sectors have the opportunty to contribute to identifying, developing and influencing national policy and practice priorities to improve the lives of babies, children and young people and to support vulnerable families in Wales have the opportunty to take action through 'speaking with one voice. with others to influence children and family support policy and practice in a co-ordinated way be more able to establish and sustain nalional, regional and local connections and networking with colleagues working to support children, young people and their families in their specific area of interest be better equipped to support groups of vulnerable or marginalised children, young people and their families to express their VIev and be more actively involved in policy and praL#ice development affecting them support new and exciting initiatives which make a positive difference in the lives of children, young people and their families in Wales - support all Wales campaigns such as promoting the UNCRC, and Ending Child Poverty. influence and infom the media, members ofthe public, local, national, UK and European decision makers and public bodies of current practice developments, issues and concems so that they can be more effectively implemented locally and nationally Page 4
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 ACHIEVEMENTS AND PERFORMANCE Achiovements and porfornian¢e Using the framework of the UNCRC, in particular in increasing babies, children and young people's participation. combating child povety and supporting families, the main objectives for the year were as follows.. Objeclive 1: To infomi and enable chlldren and young people to participate effectively and hav8 thelr vlews heard by Mlnlsters and policy makers through 'Young Wales. . 'Cymru Ifanc, Outcome: Children and young people are enabled to understand and engage in influencing and developing policy and practic£ in a¢cordance with the National Children and Young People's National Partiapation Standards for Wales. Children and young people are enabled to develop their knowledge and skills in relation to contribuling to and influencing policy makers and practitioners. Children and young people are enabled to develop their knowledge, understanding and skills through engagement with Ministers and policymakers. Objective met through '. Cymru Ifan¢fYoung Wales is the national participation programme. working to ensure children and y¢ung people from a broad range of backgrounds and lived experiences are enabled to participate effectively and have their views heard by Welsh Government policymakers, in order to inform policy and practice development. The viéws of children and young people of all ages and from across Wales conlinued to be sought throughout the year and fomied the basis for 15 consultation responses to Welsh Govemment. Examples include: Strengthening the Legislative Framework for Youth Work in Wales. Young Wales was asked lo seek the vievts of over 60 young people aged 11-25 years old on their perceptions and experiences of youth work in Wales. Four sessions were carried out with three school councils, and a workshop at the Young Wales summer residential at Llangrannog. The focus of the sessions was to undèrstand the participants, awareness of opportunities in their local area including youth work and youth dubs and also what, rf any, barriers exisled lo acSSIng any available provision and finally any wishes thai participants had for the futu of youth work in Wales. The findings showed that the majority of participants lacked an awaréness of youth work opportunities, particutarly those not living in south Wales. Although participants spoke of the clear uptake in paid activities, such as Cadets, sporting activities and instrument lessons, many outlined lack of opportunities for young people in their area. including the lack of youth work. A significant number of participants cited feelings of intimidation or lack of trust as reasons for not aCsSIng youth woth opportunities in their area as well as transport being cited as major reason for lack of involvement in Youth Clubs. Participants ststed that they wished for lowlnouCOSt sporting activities wtthin youth work opportunities, as well as a variety of different opportunitieslskills-building dasses. School meal provision. Young Wales was requested by Welsh Govemment to seek the views of children in ternis of their perspectives on school meals, exploring their perptIOnS of quality, Portion sizes. food presentation, and the nutritional balan of their meals. Through a series offocus groups in primary schools and a suNey for secondary school pupils, dala was collected to gain a comprehensive understanding of how children experience sthool dinners and where improvements ¢ould be made. The findings revealed key themes, including a strong preference for familiar, comfortin9 foods, concérns about choice and portion sizes, wishes for Iransparency about food waste and a recognition that while 5th001 meals are generally healthy, they could be further improved. Through Cymru Ifanc Young Wales, children and young people were provided with the opportunity lo meet with Ministers, lead officials and policy makers al Welsh Government. During this year, volunteering within the Young Wales Project continues to remain strong with r8presentation from 20 loGal authority regions in Wales. Dats shows that a wide demographic of young people has been recruiled during the year. 201 young volunteers were on-boarded. Volunteers are provided with a comprehensive induction, including an opportunty to take part in an accredited learning and development pathway or different special interest groups for example. Meetings took place at residential, standalone sessicns and online. Events foryoung people.. On Saturday 16th November 2024, Children in Wales celebrated Wodd Children's Day via our annual Young Wales Festival held this year in Cardrff. 168 people attended the event with young people travelling from across Wales to engage with crucial decision makers, including the Children's Commissioner for Wales. The Minister for Children, Dawn Bowden gave a video address. There were also a series ofworkshops provided by the Welsh Poet Laureate, Saadia Abub8kar and Shemian Theatre. Page 5
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORTOF THETRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Three residential events for young people were held in different regions throughout the year. Each event provided accredited training sessions for the young people. opportunities to meet government ministers and to work with government officials to provide their views on various consultations and allowed them to leam new skills. Objective 2: To enhance the connections, engagement and knowledgo of the cross4eetor children, young people and family support workf0e in respect of: - children's rightslUNCRC - methods of Babies, Children and Young People's participation - policy and prarti in delivering national ptiotities Outcome: the babies, children and young people's cross sector workfr)rce will be more infomied. better connected, more engaged and better equipped to contribute effectivety to SUPF)Orting the delivery of national priorities induding the partici pation of babies. children and young people Objective met through: Events and training sessions 202421f25 A number of irkperson. online and hybrid events and training sessions was held during the year for the Ghildren and families. workforce and other stakeholders. These events included: The Righls to Childhood, event focusing on the First 1(0 days and Adverse Childhood Experiences with the Minister for Children and Social Care. Over 100 participants signed up for the event. - The 'Rights of the Child, 4 Nations conference, organised in collaboration with colleagues from across the UK. - The'Parents Voice across the Fcwr Nations, webinar to mark Parenting Week was attended by 74 participants. An animation was published online to launch the findings of the annual Child and Family Poverty SUeY Findings Report with resources widely distributed afterwards. 12 training sessions on 'Children's Rights & Participation.. with four of eath aimed at those working with early years groups, children and for organisations working with young people. Briefing servlces Children in Wales produces a number of briefings and newsletters for members and nelworks. The e-briefing is circulated fortnightly and keeps our membèrs up-towdate with the latest policy developments and news across the sector. The Young Wales newsletter was distribuied bi-monlhly with the latest news and infomiation for young people and participation workers. Soclal media During 202412025, we continued to adapt our social media Presen to better meet the needs of our audiences 8nd the Changing digital landscape. Children in Wales now uses Linkedln, FaboOk, Instagram and Bluesky to share updates. resources and key policy developments. This year, we moved away from Twitter (X) and established a presence on Bluesky, where we are building a more focused and relevant online community. Young Wales maintains lis own identity online, supporting our youth engagement worf(. However, an audience analysis showed that our Insiagram account was primatily used by professionals rather than young people. As a result, we changed the handle from @YoungWalesCIW to @Children in Wales to reflect its actual audience and purpose. We continue to use our platforms to share useful, timely infomiation and stay connected with those worting to improve the lives of thildn and young people across Wales. Infomiation Support Children in Wales stsff conlinued to provide infomation and signposting ft)r professionals and members of the charity. responding to queries by phone, email. through nelwork meetings and through our training service. Children in Wales and Young Walts. websltes The website continues to be developed with more ¢ontent being added regularfy. The websile is a key resource and gateway to Children in Walès. policy and other infornialion, as well as news from the sector. It is updated weekly with policy infonnation, resources and news. Page 6
CHILDREN INWALES- PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Part of the website features an integrated leaming management system (LMS) showcasing the organisation's training programme and webinar series enabling automated booking and payment systems. The website also provides an area aSSed by members to provide additional information and reSoUrs. The website also features the Parents Connect Wales Hub which focuse$ on empowering the volS of parents and carers to promote children's rights and fealures videos, stories and support for parents and professionals who work with parents. Presentstions, workshops, contributlons and Infonnation provided at conferences and events This year, Children in Wales. staff have participated in a range of activities facilitated by exlemal bodies, such as research, dialogue and online events, which contribute to our key representative function as an umbrella organisalion and our national role in policy and strategic development. Publlcations This year Children in Wales produced a number of publications, induding: - Putting Children Firsl- A Manifeslo for Babies, Children and Young People in Wale8.' UK General Election 2024 - Supporting Change- School Uniform Resouros Now Available for Schools Basic Income Pilot Padlet- Basic In¢om8 Pilot - The Price of Pupil Povety Resources- Tackling Impact Povety: Price of Pupil Povety Resources - Impad Report- Children in Wales Impact Report 202>24 - The Law on Physical Punishment of Children- Resources for Practitioners- Repository- Hwo Children in Wales. 8th Annual Child & Family Poverty Survey Findings Report Child-friendly Report.. Sustainability and the Cost of Living a Sustainable Life Summary Report: Sustainability and the Cost of Living a Sustainable Life Full Report- Sustainability and the Cost of Living a Sustanable Lrfe Parènts Connect Wales Consultation Toolkit Providing support and guidance to those looking to engag8 and involve parents Towards a better Wales for babies, children and young people {Children in Wales, 5 year strategy) Children in Wales Strategy 2025-2030 - Getting Ready Padlel for Flintshire: Getting Ready Project- Flintshirel Prosie(* Paratoi - Siry Fflint Publlc Informatlon Throughout the year, Children in Wales continued its efforts to raise awareness, among its members and professionals. of the issues facing children, young people and families in Wales, as well as the ways their lives can be improved. One of Ihe key methods we used to support this woth was our quarterly magazine, which is published online and available for download on our websiie and in the Members, section. Each magazine is themed and combines infomiation about policy development, research and contributions from member organisations. Four editions of Ihe Children in Wales members, magazine were published, including.. Spring- Centering children's rights at a time of change Summer- The right to the'best start in life" AUlUn - Empowering parents gnd ¢8gIVerS- bridging the gaps in family support IMnter- Mental Health, wellb8ing and resilience Influencing and Advocacy Children in Wales engages with a broad range of stakeholders to identify and pursue opportunities for influencing change, actively working with our members and partners through our professional neorkS, thematic projects and opportunilies for advocacy through our involvement in a broad range of extemal meetings, dialogue, and events with derision makers. Our strategic Policy Council, NGO Directors Group and Children's NGO Policy Officers Group met throughout the year to provide a forurn for collaboration, partnership working and mutual exchange of infomiation lo enhan our engagement work with decision makers as well as those of our national members. We submitted 14 consultation responses in 2024125. Notable thematic activities during the year included: Page 7
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 - Child Poverty - Through our management of the End Child Poverty Nelwork Cymru (ECPN Cymru) professional network, we continued to Influen Welsh Government to infomi the delivery of their Child Poverty Strategy and have been aclively involved in their Extemal Referen Group to support their endeavours to consult with children, parents and stakeholders. Our work has involved providing advice to Ministers and officials to inform the content of the Monitoring Framewo, in addition to infomiing on current trends and issués and attending Communities of Practice events. Our 8th annual report on Child and Family Poverty in Wales was published in February and includes responses from professionals, parents and young people. A video summary of the report was developed, with the issues raised in our report informing our dialogue with members and dècision makers. We have also engaged wilh the UK Govemment Child Poverty Taskforce to infomi theirforthcoming UK Child Povety strategy. Activities of note indude convening a workshop in Cardiff with Ellie Reeves MP with our members,. meeting with Alison McGovan MP. submitting a response from the ECPN to inform the forthcoming strategy following workshop with nthork members, alongside attending various webinars and engagement opportuniiies. Chlldren's Rights- We are active members of the Welsh Government Children's Rights Advisory Group and provided input to a number of draft Children's Rights Impact Assessments from acmss various govemment departments. The UNCRC Committee published their Concluding ObseNation in 2024 infomied by our publication of the State of Children's Rights in Wales on behalf of civil society organisations and our evidence Session with young people. We have informed the response from Welsh Governme nt lo the UN recommendations and provided opportunities through our Wales UNCRC Monitoring Group for members to keep abreast of other UN, UK and Wales opportunities to influence change. We supported the organisation and delivery of a 4 nations Rights of the Child conference in Edinburgh in October which included representatives from Wales as delegates and speakers, including our policy director. Contributed a chapter on children's rights in Wales for the Eurochild state of thildren's rights in Europe report. Our Cross-Party Group on Chlldren arHI Famllles has been active throughout 2024125 and focussed on the first 1000 days, Adverse Childhoc*Y ErienceS (ACES) and the development of a new Children's Act for Wales. An event was held in the Senedd in October which focussed on the first 1000 days and ACES. This event was well attended. The group, chaired by Jane Dodds MS cnntinues to secure widespread engagement from our members, Senedd members and the relevant Welsh Govemment teams. Our work in respect of parenting and family $upport has induded the ntInued developmenl of the Parent Connect programme and sharing of resour$ to support parents, voices to be heard and used in development of seNi¢es {discussed elsewhere). We continue to support and manage three strategic Networks. The National Strategic Parenting and Family Support Leads Network have produced their annual Slate of Parenting in Wales report highlighting Ihat the sector in Wales is overstrelched and oVehelmed and being fOrd to move away from an early inteNenlion and prevention appioath and are left firefighting erisis after crisis. The Nelwork worked closely with Welsh Govemment lo develop solutions and share creative innovative ways théy are working. Members of the Nthork are contributing to the Welsh Govemment Parenting Guidance review. We continue to attend and provide secretariat support for the Families First network, whith is held three times a year, and the Family Infomation SeNice netsvork, which is held biannually. The First 1000 days and the earfy years remains a key priority throughout 2024r25 with our continued facilitation of two professionals, netrrkS and our collaborations with academics, practitioners and decision makers. The Children's Rights in Earty Years Network (CREYN) supported Welsh Govemment in the development of specific infornation poslers on children's rights from the vIevoInt of children aged 0-5. There has been a strong focus on Baby Voice and a steering group of professionals from the CREYN was set up to lead on the development of a co-produced Pledge for Babies in Wales. A range of workshops and focus groups were held with parents, their babies and professionals across Wales. A Baby Voice response s submitted to the Draft Mental Health and Wellbeing Strategy, where Children in Wales, the Parent Infant Foundation and CTM Nurturing Families service reviewed thè strategy and consultation questions and devised 6 appropriate questions that could be asked to elicit a baby voice response. 18 professionals working with babies and young children in various roles contribLrted to this reswnse. The Early Years Action Group continues to be a collective Vol in Wales and have presented at the Policy Council and written to the Minster for Children and Social Care to both welcome her to the role and ¢)utline key priorities for the Early Years. ALN (Additional Learning Needsl Reform - This continues to be a key priority for CIW and our members as we continue to engage with Welsh Govemment officials and raise issues and Con$ through our TSANA (fhird Sector Additional Needs Alliance) nthork regarding the implemenlation of the Additional Learning Needs Ad, as well as informing related strands of work being delivered by ESTYN and Senedd committee inquiries. OurALN Ambassadors projed in schools continues to make good progress in directly engaging with pupils in 4 schools across Wales to providé a regular source of infomation lo officials as to the progress being made from a child's perspective. UK Policy - We published a Manifesto ahead ofthe UK General Election with our policy partners in Wales with a dearfocus on matters whith are reserved to Westminster bLrt have a significanl impact on babies, children, young people and families in Wales. Since the elections, we have been active in seeking to infiuen¢e and support the UK Govemment's plans for a UK wide Child Poverty Strategy and keeping track of other policy proposals which will have an impact in Walès. We have rethestablished an All-Party Parliamentary Group for Children in Wales at Westminster whi¢h is fomed of all backbench Welsh MPS with an interest in children's policy, with an inaugural meeting electing Gill German MP as our new Chair. Page 8
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 - Care experienced ¢hildren - we have continued to engage in dialogue with partners and Welsh Government in resp6d of the Programme of Government 8clivities impacting on children in care, induding supporting the development of Ihe corporate parenting charter, legislation in respect of eliminating profit from the care of children, independent advocacy arrangements and influencing the ongoing Senedd inquiry into 'radiol reform, of seNices for care experi8nced childn. We also deliver training to professionals and deliver the Getting Ready project (discussed elsewhere in this report). We are represented on a range of Welsh Government working groups including those focused on education, early intervention and prevention as well as Ghildren's services. Children in Wales with members ofthe All-wales Advocacy Providers Group continues to campaign for quality and sufficiency in advocacy through the implementation of the National Approach to Statutory Advocacy and for a full roll out of th8 Active Offer for all care experienced children who wish to take up the off8r of an independent adv(rAcy. Mental Health - The children and young people's nelwork was established in November 2024. The purpose of the nelwork is to bring together Third Sector organisalions who have a focus on children's Mental Health to establish a collective voice, pan Wales, to rnotivatè and activate change. Aligning work to enable a consistent and collaborative approach and influencing policy to ensure the mentsl health needs of all babies, children and young people are mel. The neOrk mel l¢e during 2024125, wrth a focus on establishing the network and defining its purpose lo move fomard. We responded to the Welsh Government's consultalion on the mental health strategy and the understanding of the suicide prevention and self-hami strategy for Wales. We are presented on the NYTHINEST sleering group convened by the Welsh Govemment. - Chlldren's Research - The Childn,$ research neOrk held three rneelings Ihroughout 2024125 and focused on children's vllbeing. PreSentath were received from researchers on various topics, ranging from Ghildren's changes in wellbeing from 201&2022, promoting children's language and communication skills, free school meals, oral h88lth, and transfoming approaches to behaviour, attendance and family support in primary schools. The neOrk has also focussed discussions on challenges and barriers to research in Wales, notably accessing data, collaboration, and replication of researGh. An infomation exchange bulletin is sent out quartedy and provides updates to members of the children's research networf( on research projects, publications, events, and funding opportunities. The Media and Intsrvlewslarticles During the year, Children in Wales has responded to a number of media enquiries relating to issues affeding babies. children, young people arKI families. Children in Wales Annual Impact Report Children in Wales, Annual Impact Report 2023r24 was produced as a downloadabl8 colourdocument, refomiatted to highligm the impad that the work of the charity has for its benea¢tors. Obje¢tive 3: To effectlvely influence and contributs to F>oli¢y and practice development, aligned wlth Welsh Government National Stratsgy and prlorlties from the cross-sector chlldren and families workforce, member organisations as well as from Young Wales Outcome: Babi8s, children and young p8ople will be put at the centre of national policy making thmugh enabling and strengthening the Vol of th8 multi-disciplinary cross sector work force (professionals and volunteers) through effective representstion mechanisms. Objectlve met through: Consultatlon Responses 14 Consultation responses and inputs into responses from a variety of perspectives were produced and submitted during the year. Our members and partners were engaged through our professional networks and electronicalty throughout the period to infonn our responses to Welsh Government, relevanl UK Government and enquiries held by Cornmittees ofthe Senedd. Notable responses were submitted to the following - Child Minding and Day Care Exceptions Iwales) Order 2010 IWG), including the views of 110 under 5s. - Mental Health Slrate9y IWGI, including a Baby Voice resFonse - National framewort< for Youth Work in Wales IWG) - Health & Soeial Care Bill (Senedd Health Commillee) - UN Concluding Observations (WG) - WG Draft Budget {Senedd Finance Committ8e} - Call for eviden to support the development of the UKG Child Povety strategy IUKG) Page 9
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Provide inft)rmation and liaison for the TSPC and asso¢iated Mlnlstsrial meetings Children in Wales continued to be the representatNe body for the Children and Families sector on the WCVA Third Sector Partnership Council, participating in meetings across the year, representing the views of the sector on a variety of issues. These issue5 were largely connected to the impact of the coSt-11vIng ctisis upon children and young people and the need for models of sustainable funding for the third sector who work with them, as well as the importance of giving full regatd to children and young people's third sector workforce in poSicy developmenl and decision making. Meetings have been held and ongoing relationships developed wilh Welsh Govemment Cabin8t Secrelaries, Ministers and officials across a rang8 of WG departments, as well as Senedd members, including cross-paty members of the CYPE Committee. This has included me8tings with children's spokespeople in the Senedd., regular meetings with our MS thair of the Cross Paty Group on Children and Families, and meetings hèld with the Minister for Children, Minister fcr Mental Health and Cabinet Secretary for So81 Juslice. In 2024r25 we also re-established an All-Paty Parliamentary Group on Children to establish engagement with new and re-elected Welsh Members of Parliament and have attended a number of meetings with senior MPS in respect of addressing Ghild povety. Policy Council The Policy CouncAI allows a broad sel8ction of thildren and families organisations to neork at a poli¢y-maker level to consider pertinent issues with colleagues and to develop collaborative aclivity- It also enables Children in Wales, trustees and policy staff to hear the views of leaders of key organisations in order for the strategic direction of Children in Wales, work to be infomied by them so that kèy priorities can be established. There was one meeting during the year which focused on children's rights in the early years, wilh invited speakers including the Minister for Children & Social Care, and representation from the Children's Commissionerfs offices. Forums, Networks and Groups A wide range of professional dèvelopment Forums, Neiworks and Groups were facilitaled by Children in Wales regularly, mostly online enabling attendance from participants throughout Wales. Most groups meet at least quartedy and many are supplemented by some form of engagement such as ele¢tronic, development of position papers, consultation responses or evidencé for Welsh Govemment meetings or the Senedd Cymru I Welsh Parliament beeen meetings. These include: - Children in Wales Policy Counril - Children & Young People's NGO Policy Officers Group (Cymru) - Directors ofthé National childn'S Voluntsry Organisations in Wales Group - Wales UNCRC Monitoring Group - All Wales Children & Young People's Advocacy Providers Group - All Wales Parenting & Family Support Strategic Leads Group - All Wales Partieipation Workers, Nebvork - End Child Povety Ne01 Cymru - Young Carers Workets Neork - Third Se¢tor Additional Le8ming Needs Allkgnce - Early Years Action Gr¢up - Families First Nerk - Family Infomation Service Nehvork Children's Rights in Earfy Years Network - Children's Research Netsvork - Senedd Cross Paty Group for Children in Wales - UK Govemmenl All Paty Padiamentary Group for Children in Wales Contributing to the development and implementatlon of WG polieles through representation role in Welsh Govemment and other Groups As the umbrella body in Wales for the children, young people and families sector, Children in Wales highlights the concems and promising practice of its multi-agency, cross sector members and partners and children and young people (through Young Wales priorities) to falItate the development of an integrated children, young people's and families agenda in Wales through representation on a number of groups. This allows us to feed into policy development and practice. During 2024-25, we were involved in the following groups.. Representatlon on Welsh Government Groups - Athisory Group lo support the ChildCa Exception Order and National Minimum Standards - Budget Improvement and Impact Advisory Group - CAFCASS Advisory Committee - Child Povety Expert Reference Group - Child Poverty Communities of Pracli - Children's Rights Advisory Group - Children's Services Transformation Delivery Gffjup Page 10
CHILDREN INWALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 - Community Fi)cJJsed Schools Extemal Referen Group - Corporate Parenting Implemenlalion GrDup - Early Help and Prevention subgroup Early Intervention and Preventiorb group - Earfy Years and Childcare Network - Early Years Framewotk for Action Steering Group - ExpIlOn5 OrderAdvisory Group - Exdusions Guidance Advisory Group - Fuel Povety Advisory Group - Future generations Stakeholder Forum - Human Rights Advisory Group - In(x)me Maximisalion Group Ministerial Advisory Group on Carers - National Attendan Taskforce - National Delivery Group for education of Gare experienced CYP - National Forum for CYP Advocacy - National Minimum Standards for Regulated Childcare Review - NEST Steering Group - NMSAdvisory Group - Schools Exdusions Advisory Group - Streamlining Welsh Benefits Stsering Group Non Welsh Government group$ - Anti-Bullying Alliance Steering Group - knPovety Network - Childcare Expert Group Children's Rights Strategic Litigation Group - CPG Human Rights - CPG Povety - CPG Children in our Care - CPG Preventing CSA - CPG Fuel Povety - End Youth Homelessnes5 Cym - Euro¢hild National Partners Nerk Financial Wellbeing Delivery Plan Steering Group Healthy Air Cymru Health Inequalities Subgroup - Human Rights Stakeholder Group - ptay Wales Board Rights of the Child UK coalition - Third Se(*or Partnership Counal - TSPC Framework for Engagement - TSPC Ministerial meetings - TSPC Ministerial meetings- Education - TSPCMinisterial meetings- Finance - TSPC Ministerial meetings- Health and Social Care - TSPC Planning meetings - Wales Parent-lnfant project Steering Group - WCVA Health & Social Care Planning Group - We Carewales group Other Funded Project Worf( During the year, Children in Wales was also involved in the following fvnded project work: - Social Care Third Sector Grant Funding from Welsh Govemment Social Care department to provide training to the social care workforce from a children's rights awareness raising perspective, engaging with members to disseminate knowledge and good practice. This year we have developed a new training course and accompanying set of SOurceS to help practitioners support care experienced young people as Ihey18av8 care. Transition.. Care Leaver Joumey,. We also continued our delivery of a Safeguarding Course in British Sign Language. Page11
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 - Young Carers Wrth funding from Welsh Government, Children in Wales has Continued to facilitate the Young Carers Professional Nelwork via 6-monthly online meetings and support for the network which had 56 members. This year, an in-person neork meeting was held at the Young Carers Festival in mid Wales. This work MplementS the work of the Young Carers Advisory Board facilttated by Young Wales which focused on key themes such as ID Cards for Carérs. feedback on the Welsh Govemment Strategy for Unpaid Carers and supporting the young people to participate in the Ministerial Advisory Group. - Independent Review Mechanism Children in Wales hosts the work of the Independent Review Mechanism Cymru. The purpose of the IRM is to increase public confidence in the transpancY of the approvals process and to encourage more people to consider fostering or adopling some of the most vulnerable children in our society. During 2024-25 the IRM received 10 applications which were all concerned with reviewing reo)mmend8tions about assessments about suitability to foster or considering ongoing suitability after a commendation lo de-regist8r a foster rer. The panels are compi18d of a balan of social workers and lay members who all have experience of fostering and adoption and are completely independent of the agency who is making the decision about suitabilily. Many of the applications are from Connècted Persons and we have developed contacts in agencies supporting Kinship Carers lo promote understanding of th8 IRM service. We have delivered good practicE workshops for staff from Independent Fostering Agen¢ies and planned workshops for Local Authority Fostering Service Providers. WO has continued to develop and modemise the seNice to ensure that it is accessible and sustainable for all parties. New panel members have been recruited with particular emphasis on increasing diversty of the panel and representslion of people who have lived experience of fostering and adoption. - Getting Ready Project Funded by the Welsh Govemmenl Housing and Homelessness Division and delivered in partnership with Voices from Care Cymru, the Getting Ready project is complementing the When l am Ready scheme by providing support and information for young people to safely transition from care. It includes considerations around delaying leaving care, where this is appropriate and possible, and reducing th8 risk of homelessness and housing instability. Children in Wales has worked with local aulhorities to develop a package of bespoke resources for care experienced young people across Wales on a range of thematic areas, notsbly financial education and budgeting, and have released tailored resources for six local authority areas. We have been delivering wortshops to a range of professionals and foster carers, as well as workshops for care experienced children across Wales. - Parenfs Connect Wales Parents Connect Wales IPCW has continued to build on its goal to empower the voices of parents and carers across Wales, ensuring thèy have a meaningful role in shaping policies thal affect children and families. PCW have l)oth led and contributed to a range of consullalions with parents including the Child and Family Poverty SuN8y, where for the first time we included parents, voices in addition to professionals and children and young people. PCW led the first Wales wide National Parenting Week celebrations, hosting a webinar 'Parents Voi¢e Across the Four Nations,, where we explored them8s from the four Nations,. Northem Ireland, Wales. SGolland, and EnglarKI, and considered what parents are telling us about the challenges they fa. Also. in celebration of this week our Autumn Magazine focused on 'Empowering Parents and Caregivers.. Bridging the Gaps in Family Support., A consultation tool kit has been developed and launched. The loolkit provides infomiation to help organisations run effective consultation sessions and focus groups with parents.11 has been designed lo make parental consultslion more accessible and effedive by providing. a range of rèsources to support engagement and involvement, creative techniques for engaging parents in consultations and step-by-step guidance on planning and delivering focus groups. - Football Association of Wales {FAWI Partnershlp Project- Embeddlng a Model of partlclpation & engagement Funded by WCVA, the original grant was for a period of 18 monlhs starting in October 2023. However, the work was re¢ognised as a positive area of18arning and a continuation funding for a further 12 months was agreed. The FAW originally focused on sharing the expertise of Children in Wales as leaders in both children's rights and participation. The FAW key staff and received partiCiP81ion and rights training and thè Childrèn in Wales approach to youth engagement has been well embedded within the FAW. Some key areas of Significan include: - a thange of culture within FAW and seeing the benefits of truly involving young people within the organisation. - communication mechanisms btheen the Strateg counol leads and the national youth council have gr6atW improved - young people involved in recruitm8nt of the new cohort ofyouth council members - young people co-producing and developing a new indudion and recruitment process - young people invited to be involved in recruitment of FAWstaff where appropriate - young people leading and planning the national youth conferences (soulh & north Wales) for the first time development of a guide and checklist for FAW stsff to help ensure a participatorylrighls approach to their youth engagement. Page12
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 The continuation of the proiect is focused on development of youth ambassadors, schemes to ensure a better reach to more young people across Wales. WCVA has ulilised the work for their showcasing of 5trategi¢ grants and more recently a focus on the volunteering plan and talked about this work within their GOFOD 3 event. Further leaming and evaluation from this. projed is being used lo support the Building VolS consultancy seNice. - Peer Research & Climate Change Funded by the Community Knowledge Fund as part of UK Research and Innovation. The project was co-produced with young people. providing them with the training and skills to become peer-researchers on a topic of importance lo them. In this ¢ase, the young people felt there was a gap in relation to understanding of young peopl8 and living a sustsinable life in a current cost of living crisis. Young people reached out and engaged with over 1000 children & young people across Wales through SUNeys and focus groups. The young people undertook a residential in the summer of 2024 which focused on data analysis and coding leading to a very thorough and excellent report in which the young people worked with an illustrator to bring the report and its findings to life. The ffnal chapter of the project culminated in a young persons, led launch event Whe they invited a number of key organisations to share their work and their findings with. As a result, the young people were invited to share their findings further at a number of dimate and environmental events. A very positive ple of work in which young people gained a lot of valuable skills. The project concluded in November 2024. Support for Welsh Members of the UK Youth Parliamen( funded by the National Youth Agency Chlldren in Wales is funded to provide a regional support and coordination role for th8 UK Youth Parliam8nt in Wales. During 2024-2025 the contract for this programme changed from British Youth Council to National Youth Agency which invofved a ¢onsiderable amount of liaison with UK Government (DCMS) during the transition to ensure the Welsh context was considered in the re-allocation of the contract. The Members of Youth Parliament from Welsh Local Authorities were supported via their local Participation Workers lo hold eledions, invited to attend conferences and seminars and supported to attend the annual House of Commons visit. 'Votopia' proje¢t to promote children and young people's understandlng of the democratic process in Brldgend County Borough Council area, funded through the Shared Prosperity Fund. This PTojed wvered a period of 6 months ending in March 2025. The project aim was to develop a resource (a project legacy) which would raise awareness of local democracy processes along with incrèased understanding for young people and engagement in democracy. The project worked directly with young people in Bridgend and ensured that young people were involved in the developing of resources but also included groups of other young people in the testing phase. Children in Wales worked with Promo Cymru to design a resour¢e based on the input and ideas of young people. The end resource was a board game, nam8d 'Votopia' by the young people. The board game is an effective tool that can be used by young people themselves, schools. youth groups, elc., which encourages debate about dernocracy and is an effective learning tool. The commissioners were very pleased with the outcome of the resource and the number of young people that Children in Wales suc5$fUllY engaged in the process. They provided further monéy in order to have more of the board games produced. The game is available in both Welsh and En91ish. Bridgend County Borough Council are now using the b¢ard games via theiryouth services. - The PISA projec( commissKJned and funded by Welsh Govemment. PISA 2025 is an intemational study assessirbg the skills in maths, science and reading of 15-ye8r-olds. Welsh Government wanted lo hear from leamers of the target age group to establish their views on PISA, their approach to taking part and how Welsh Government can engag8 leamers to participate and do their best. The project team worked with 15-year-olds in a secondary school in Wrexham to design a resource thal would be used to support pupils going through PISA, lo explain what the test is. why they should take part and what to expect. The young people decided to develop a comi¢. The project ¢onlinued into 2025. Further funded projects Included: - Voice Nelwork for Wales, funded by the Elecloral Commission - ALN Advisory Group, facilitation ofthis group funded by the Welsh Govemment Putting Things Righl, funded by Welsh Government through NHS Wal8s. This project commenced in January 2025 and will run for nine months. The project will co-produce a resource for young people to support them to navigate the new NHS complaints system in Wales. During this year the project team designed the programme. enlisted wellbeing support for the sessions, recruited young people for Ihe co-production project who had experieno of using th8 complaints system andlor NHS services, and ¢ommenc8d the sessions with the young people. Page13
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Miller Research contracted Children in Wales to engage with care-experienced young people as part oftheir Wirtual Schools Consultation. Participation practitioners from the Young Wales team carried out focus groups with identified young people. Tackling the Impact of Poverty on Education Programme, funded by Welsh Government, entered ils final phase this year concluding in August 2024. MemberJhlp At the close of the 2024125 period. Children in Wales recorded a lotal membership of 326, consisting of 223 organisalions, 52 individuals, and 51 students and young people. This growth is primarily attributable to the modest increase in student and young people memberships. This year, our members have been able to be involved in ourwork through." Exdusive and unlimited access to the Members, area of the Children in Wales website - enabling members to watch our full webinar recordings,. visit our online resource library and download our magazine and other publications. - Publishing artides in our quarterfy magazine- members have contributed widely to our magazines each quarter. - Member shout•outs on our social media- to help share their news and campaigns and encourdge néhvorf(ing. InfluencÈ policy - Engage with Children in Wales to infom its representation role, induding contributing to Children in Wales policy and consuttation responses. In person and virtual netwothing events we held a number of member-exclusive nelworking events and meetings to encourage leaming and communication between our members. Mèmbers can vote at our Annual General Meeting. All members can stand for election to become a Trustee and can also stand for election to the Policy Council. - Access to essential infomation and eBriefings Development and delivery of tralnlng and consultsncy During the year 2024-2025 we trained 4224 Ople who work with babies, children, young people and their families in Wales, an increase of over 200 on the previous year. Whilst the majority of our delivery has remained online, which has the beneffts of being a convenient and economically competitive option, the appetite for in person training continues lo grow. We have welcomed this development and recognise the unique benefits of coming together in a shared space lo engage and share ideas and experiences more fijlly. The biggest area oftraining deliv8ry continues to be that which we provide for organisations commissioning bespoke courses for their staff groups, with the majority of this coming from retuming customers. We have bèen flexible in meeting the demands of the workforce providing training that is a mixture of online and face-to-fa¢e, and during weekends and evenings. We have fijlly engaged with the implementalion of the National Safeguarding Training Leaming and Development standards hosted by Social Care Wales. We continue to support many practitioners in the Childcare sedor to be compliant with the updated National Minimum Standards for Regulated Childcare. We have maintained and extended close ties with Local Authority training departments as well as providing focussed training for organisations delivering supported housing, fostering, play and adv¢)cacy services. As a national child rights organisation, our estsblished in-house training team continued to promote the implementation of the UNCRC across all courses. This included promoting hands-on tethniques for direct work to engage young people who are care experienced. and training on why and how to facilitate the participalion of ¢hildren and young people including those in the early years of lrfe. Wé appreciated the grant funding provided through the Welsh Government that enabled us lo deliver fully interactive sessions to the child and family workforce at no charge. These sessions were well attended and inspired many practitioners lo try out new ways to listen to children and young people and to put their views at the heart of their activities. As ever we have been working to keep up wilh the current trends and the difficulties facing thildren, young people and families. To this end, we have responded to our members. requests, by developing and running new courses, and adapting existiThJ trainin9, induding a series around EDI and Anti-discriminatory Practice. We continue to draw upon the expertise of our Associate Trainers to deliver specific pieces of training and consutlancy, augmenting and supplementing the range of courses we offer. These have covered topics such as Motivational Interviewing, ADHD, Autism in Early Years, Life Joumey training, Telling Childr&n Difficult Infomiation, Mindfulness in the Workplace, Supervision, Management and Leadership. Our range of associate trainers has grown so that we are able to ntinUe to respond to the changing workforce needs of the children's sector. Page 14
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 FINANCIAL REVIEW Flnancial position Fundrdi5ing The Charity does not Garry out fundraising activities wilh the general public thal might be in conflict with the fundraising activity of MeMr agencies. Principal Funding Sources During the year the Charity raised its income principally from the Welsh Govemment, membership fees. other grant funders. training and consultancy. Project funding from the Welsh GovemTnent has been a major source of revenue and has been used to employ staff and to implement the work programme with the associated operational costs. The trustees continue lo look at means of generating a diverse base of income streams without adversely affecting member organisations to supplement and underpin its primary purpose. including exisling work programmes and activities. The Trustees, investrnent in developing training activities has continued to be developed over the year. Reserves statement Restricled funds of £nil (2024: £127,426). At the y88r-end. the charity had an unrestricted surplus in reserves of £683.868 (2024: £770,399) Of these reserves, £450 was tied up in tangible fixed assets. £370,879 in investments. A designated reseNe has been sel aside for Ihe implementstion of the Charity's 5-year strategy. The charity will seek to diversify its inGome Ihrough a new consultancy seNice, in areas of expertise for the organisation, where there is a great fit with our vision and mission, suGh as youth participalion, and enhancing democratic engagem8nt for children and young people. We will also be launching a new, revitalised membership offering which we anticipate will lead lo an increase both in membership numbers and income. Should the anticipated income generation not be Suc$fUl, we will review our costs lo ensure that,the charity achieves a break-even position. The charity has a balanc8 sheet surplus as at 31 March 2025. Investmènt pollcy Trustees regularly review the amount that the organisation requires, to ensure thal il is adequate to fulfil the organisation's continuing obligations. Trustees lake profession81 advice towards the investments- Gurréntly adopting a cautious low lo medium risk approach. FUTURE PLANS Following the launching ofour &yèar strategy, we will direct our focus on three key audiences.. 1. Babies. children and young peuple 2. Ourmembers-those who care and worf(forchildren. 3. Policy makers- who are responsible for taking actions in their best interest. Our purpose-based objectives for the next 5 year5 have been developed with these audiences in mind. Over the next year: We will launch 8 new, revitalised membership offer, with a wider range of benefits, offering brilliant value. providing opportunities for shared impact and enhancing the sense of being part of a vibrant communty We will increase opportunities for participation and engage with more children and young people, including from diverse and seldom-heard backgrounds, directly and in conjunction with members, ensuring that our participation methods are of a high standard. We will co-ordinat8 a coherent manifèsto for children, representing views across our membership, ahead of the Senedd elections in 2026 STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The charity is controlled by its goveming document. a deed of trust, and constitutes a limited company, IiTnit8d by guarantee, as defined ty the Companies Act 2(hJ6. Page 15
CHILDREN IN WALES-PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Children in Wales is both a Registered Charity and a Company Limited by Guarantee govemed by its Articles of Association dated 9 October 2012. Children in Wales is a membership organisation. Full membership is open to organisations and individuals from third. statutory and independent sectors who support the strategic aims of the charity. Membership is also open to young people and volunteers. The activities of the organisation are driven for the benefft of babies, ¢hildren and young people in Wales. The Charity and its members are dedicated to a programme of activities based on the mutual desire to benefft babies, children and young people across Wales regardless of gender. dass or ethnic background. The organisation's approach is inclusive and public participation is encouraged through service user engagement in activities. In particular the Children in Wales 'Cymru Ifanc Young Wales, initiative supports and empowers children and young people to have their say and influence govemment. Families and carers are also able to have their voices heard through the charity's work with parents and carers. The organisation is govemed by a Trustee Board. comprising up to 12 trustees that meets nol less than three timés in each financial year (usually quarterty). There is also a Finance & Human ReSoUrS Committee (F&HR Sub Committee) that meets quarterfy in advan of ihe Trustee Board. The Trustees elect and apwint the members of the F&HR Committee from the Trustee Board. The F&HR Cornmitlee is responsible, under the direction of the Trustees for the overall finances and human resources of the Charily and exercises the powers given to it as approved by the Trustee Board. The Trustee Boatd has oversight of its wort through reports to each of the Trustee Board meetings and the Trustee Board may amend these powers from time to time. A Policy Council meets three times per yearto consider and make rewmmendations aboLrt babies, children and young people's policy issues to the Trustee Board but has no governance fijndion. The Policy Council comprises up to ten pre- appointed members from key bodies, with a further 21 elected places from the membership, plus the 12 Trustees who are automatically members ofthe Policy Council. Page16
CHILDREN IN WALES- PLANTYNG NGHYMRU REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Re¢ruilm8nt and appolntment of new trustees All current mernbers of Children in Wales ar8 eligible to nominate and sland for election and to vote. Members of the Trustee Board must be Members of Children in Wales (by virtue of organisational or individual membership). The Trustee Board comprises up to nine elected and three appointed Twstees. Trustees c2n serve for up to two cons8CUtive tems of office of threè years, following which there must be a break of at least two years before they are eligible to stand for re electton. Honorary Offir8 are either appointed at the AGM or e18Cted by the Trustee Board from Board members in a subsequent board meeting. In order to achieve a balance of r8presentation on the Trusteé Board to refiect the diversity of the Charity, Trustees may COwOPt additional members following the AGM. Functions ofthe Trustee Board indude.. - to Gontrol the Charity and ils propety and lunds - to be respfflsible for the overall g0Veman and strategic direction of Chiklren in Wales to develop the aims, objectives and goals of Children in Wales in accordance with th8 governing document, legal and regulatory guidelines to ensure that Children in Wales and its represèntstives function within the legal and regulatory framework of the se¢tor and in line wilh the organisation's gov8ming document, Continually striving for best pra¢lice in govemance to uphold the fiduGiary duty invested in the position, undertaking such duties in a way that adds to public confidence and trust in Children in Wales - to ¢rUIt and appoint the Chief Executive The Trustee Board is accountable in varying degrees to a variety of individuals and organisations including sepiice users, members, funders, the Charity Commission and Companies House. Trustee Board members are required to sign a Code of Conduct declaration and Register of Interests. All members of the Trustee Board give Iheir time voluntarily and re¢eive no beneffts from the charity. reclaimed from the charity are set out in Note 9 to the accounts. All expenses Trustse inductlon and training New trustees receive an induction pack containing the following endosures: - Declaration to act as a Trustee - Tems of ReferencelJob DesrJipiionlConflict of Interest briefing - Code ofcdUet - Dedaration of Interest fomi - Skills & Knowledge Audit fomi Charity Commission guidance for Trustees, including CC3 The Essential Trustee.. what you need to know & CC3a -charity Trustee: what's involved - Welsh Counol for Voluntary Action guidance- Twstees & Govemance - Equal Opportunf(ies Monitoring fomi Children in Wales Background Infonnation - The organisation's vision, mission, values and fivyear strategy - Articles of Associaticn Membèrship & Infomialion literature - Annual Report and Annual Accounts for the previous three years - Organisational Chart - List of current TnJstee5 - Minutes of Annual and Extraordinary General Meetings forthe previous three years - Minutes of the previous three Twstee Board meetings - Copies of Management Accounts prepared since the last audited accounts Children in Wales Insurance Poli¢ies List of Children in Wales, professional advisers Information regarding Trustee Board meetings Page 17
CHILDREN IN WALES - PLANT YNG NGHYMRU REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Prior to their first meeting. the new Trustee meets key employees and other trustees and receives an introduction to the organisation. During their tenure, Trustees ar6 given regular information for trustees from the Charity Commission and other sources and advised of training opportunities and other events relevanl to their role. Organlsational structure The Chief Executive is responsible for the day-tlaY management of the organisation and is accountsblé to the F&HR Committee for financial and htjman resources matters, and overall, to the Trustee Board. Hugh Russell is Chief Executive. The Deputy CEOIPolicy Director, the Delivery Director, the Financè & Operations Director and the Goveman¢e Manager, join the Chief Executivè to fom) the Senior Leadership Team which is in charge of thé charity's day-t(Fday operation. On 31st March 2025 there were 13 full time and 21 part time staff employed by Children in Wales. Salaries are reviewed through a benchmarking process in line with other charities. The total employee benefits of the 5 key management personnel of the Charity are as detailed in Note 7 of the financial statements. Rèlatlonshlps with relatsd partles Numerous children's organisations in Wales a involved with Children in Wales in a variety of ways. Many are members, others send staff andlor young people to conferènces, events, seminars, workshops and training evènts. As the national representative body for the children's sector in Wales on the Third Sector Partnership Council, Children in Wales also worf(s in partnership with the other national representative bodies such as the Wales Council for Voluntsry Action (WCVA). Risk management The Trustee Board conducts a review of the major risks lo whi¢h the organisation is exposed. A risk register is maintained and is updated regularty by staff and quarterly with Trustees wilh appropriate action plans. Vthere necessary. systems and procedures have been established to mitigate tt)e risks the charity faces. The three key risks that Trustees identified during 2024r25 were: 1. A Strategic & Financial Risk because the Charity's main funding is drawn from restricted project grants from Welsh Govemment rather than as wre or unrestricted funds. This could potentially lead to deflection from the basis upon which the organisalion was fomied and offers a challenge lo its neutral umbrella representstion function. A reduction in grant funding could lead to reduction in work with a consequent reduction in size of thè charity. To mitigate this, staff and twstees are advocating to funders the need for core funding to exercise the national umbrella representstional function and also developing an income generation strategy to diversify funding. The organisational strategic direction is regularty reviewed with project partners and clear messages are communicated to members and wider stakeholders. Investment in ensuring that relationships with Welsh Govemment remain constructive and that Ciws impact is clearly and regularly demonstrated is a management priority, both in terms of achieving our mission, but also in mitigating this risk. 2. An Operational Risk in relation to safeguarding as the organisation increases its face-tO•face dired woth with children and young people. This risk is mitigated through intensive staff training, the appointment of three Designated Safeguarding Leads who meet quarterly with Trustees lo review the organisation's protocols, processes, risk assessments and intemal safeguarding audit. 3. A Strategic Risk in relation to the organisalion meeting its objectives. This risk is mitigated through the development of five-year strategy forthe organisation launched this year, linked to the organisation's vision, mission and values. The associated development of linked objedives for all staff will ntInUe to mitigate against this risk during 2025126. REFERENCE AND ADMINISTRATIVE DEfAILS Registered Company number 2805996 (Wales) Reglstered Charity number 1020313 Reglstered office Cardiff University Social Soence Researd) Park Maindy Road Cardiff Glamorgan CF24 4HQ Page 18
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORTOFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Twstees S Bhogal (resigned 16.11.24) S Crawley D Jones Professor E Hails H Jones L Maguire J Murphy H Perry (appointed 4.6.241 K Simmons H Uddin J Williams Y Husain {apF)nted 16.11.241 N Sudar5an (appointed 4.6.24) Company Secretary H D P Russell Auditors Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are also the directors of Children in Wales - Plant Yng Nghymru for the purposes of company law) are responsible for preparing the Report of the Twstees and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepled Accounting Practice). Company law requires the trustees lo 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, induding the income and expenditure, of the charitable company for that period. In preparing those financial statements. the trustees are required to select suitable acuunting policies and then apply them consistenty. observe the methods and principles in the Charity SORP; make judgements and estimates that are reasonable and prudent., prepare the finanGial statements on the going conrn basis unless it is inappropriate to presume that the charitable company will continue in business. The truslees are responsible for keeping proper accounting records which disdose with reasonable aulaCY at any time the financial position of the charitable company and to enable them to ensure that the financial statements compty 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 irregularilie5. In so far as the trustees are aware.. there is rK) relevant audtt infornation ofwhich the chaiitable CoMpanS auditors are unaware" and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit infonmation and to establish that the auditors are awa of that infomiation. AUDITORS The auditors. Bevan Buckland LLP, will be proposed for r&appointmenl at the forthcoming Annual General Meeting. Approved by order of the board of trustees on.......................................... and signed on its behalf by.. Page 19
CHILDREN IN WALES- PLANT YNG NGHYMRU REPORTOF THETRUSTEES FOR THE YEAR ENDED31 MARCH 2025 H Perry-T ee Page 20
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHILDREN IN WALES - PLANT YNG NGHYMRU Opinion We have audited the financial ststements of Children in Wales - Plant Yng Nghymru (the '¢haritable company,) for the year ended 31 March 2025 which cKJmprise 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 framewo that has been applied in their preparation is appli¢able law and United Kingdom Accounting Standards {Uniied Kingdom Generalty ACpIed Accounting Practice). In our opinion the financial statements.. give a true and fair vièw of the slate of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended., have been property prepared in a¢¢ordance with United Kingdom Generally Apte(l AuntIng Practi¢e,' and have been prepared in accordance with the requirements of the Companies Act 20(. Basls foroplnlon We conducted our audit in accordance with International Standards on Auditing {UK) {ISAs (UK}> and applie2ble law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial slatements section of our report. We are independent of the charitable cK)mpany in aordanCe with the ethical requiremènts that are relevant to our audit of the financial slatements in the UK, in¢luding the FRC'S Ethical Standard, and we have fuffilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion. Con¢lu$ion$ relating to going concern In auditing the financial statements, we have conduded that the trustees, use of the going con¢em basis of accounling in the preparation of the financial statements is appropriale. Based on the work we have perfomied, we have not identified any material uncertainties relating lo events or conditions Ihat. 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 e1ve months from when the financial statements a 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 Infomlation The truslees are responsible for the other information. The other information comprises the information induded in the Annual Report, other than the fjnan¢ial statements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not cover the other infomation and, except to the extent otheise explicitly ststed in our report, do not express any fonn of assuran condusion thereon. In connection with'our audit of the financial statements, our responsibilty is to read the other infomation and, in doing so, Consider whether the olher infomiation is materially inconsistent with the financial statéments or our knowledge obtained in the audit or otherwise appears to bé materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether this gives rise lo a material misstatement in the financial statements themsefves. If, based on the work we have perfomied, we condude that thère is a material misstatement of this other infomiation, we are required to report that fact. We have nothing to report in this regard. Opinlons on other matters prescrlbed by the Companie8 Act 2006 In our opinion, based on the work undertaken in the course of the audit.. lh8 infomation given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent wilh the financial statements,. and the Report of the Trustees has been prepared in aCrdan with applicable legal requ1reffnts. Matters on which we a required to report by exception In the light of the knowledge and understsnding of the diaritable company and its environment obtsined in the o)urse 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 Acl 2006 requires us to report to you rf, in our opinion: adequate accountin9 records have not been kept or retums adequate for our audit have not been received from branches not visited by us., or the financial statements are not in agreementwith the accounting records and retums; or certain disclosures of trustees. remuneration specified by law are not made; or we have nol received all the infomiation and explanations we require for our audii., or the trustees were not entitled to take advantsge of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Page 21
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CHILDREN IN WALES - PLANT YNG NGHYMRU Responsibilities of trustees As explained more fully in th8 Statement of Trustees. Responsibilities, the trustees (who are also the directors of the charitable company forthe purposes of company law) are responsible for the preparation of the financial statements and for bèing satisfied that they give a true and fair view. and for such intemal control as the trustees detemiine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to traud or error. In preparing the financial statements. the trustees are responsible for assessing the charitable company's abilty to continue as a going cOnrn, disclosing, as applicable, matters related to going cA)ncem and using the going cOnM basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic altemative bui to do so. Page 22
REPORT OF THE INDEPENDENT AUDITORS TOTHE MEMBERS OF CHILDREN IN WALES- PLANT YNG NGHYMRU Our responsibilities for the audit of the financial statements Our objectives are lo obtain reasonable assurance about whether the financial stalements as a whole are free from material misststemenl, whether due lo fraud or error. and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conducted in 8¢¢ordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or eOr and are considered material rf, individually or in the aggregate, they could reasonably be expected lo influence the economic decisions of users taken on the basis of these financial stslements. The extent to wh¢ch our procedures a pable of detecting irregularits'es, including fraud is detailed below: Extent to whlch the audlt was consldered capable of detecling irregularities, including fraud We identify and assess th8 risks of material misstatement of the Financial Ststements, whether due to fraud or error, and Ihen, design and perform audit procedures respcnsive to those risks, induding obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion. We discussed our audit independence Gomplying wilh the Revised Ethical Standard 2024 with the engagement team members whilst planning the audit and continually monrtored our Independen throughout the process. Identlfylng and assessing potential risks related to Irregularltles. In identifying and assessing risks of material misststement 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 support documentation, conceming the charitable company's policies and procedur8s relating to: identifying, evaluating, 8nd complying with laws and regulations and whether they were aware of any InStsn5 of non-compliance., detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected or alleged fraud., intemal controls established to mitigate risks related to fraud or non-¢ompliance with laws and regulations. discussing among the engagemerrt te8m how arKJ where fraud might occur in the FinanGial Statements and any potential indicators of fraud. obtaining an understanding of the legal and regulatory frameworks that the charitable comp8ny 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 charitsble company, The key laws and regulations we considered in this context included the UK Companies Act and relevant lax legislation. Audlt rosponse 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 supporthng documentation to assess compliance with relevant laws and regulations., enquiring of management concerning actual and potential litigation and daims,. performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of rnaterial misstatemenl due to fraud; reading minutes of meetings ofthose charged with g0Veman and reviewing correspondence with HMRC., in addressing the risk of fraud through management override of controls, testing thè appropriateness of joumal enlries and other adjustments., assessing whether thejudgements made in making accounting estimates are indicativ8 of a potential bias., and evaluating the business rationale of any significant transactions that are unusual or outside the nom)al course of business. We also communicatéd relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-¢ompliance with laws and regulations throughout the audit. A further description of our responsibilities for the audit of the financial statements is 10¢8ted on the Financial Reporting Council's websit8 at www.frc.or9.uklauditorsresponsibilities. This description foms part of our Report of the Independent Auditors. Page 23
REPORT OFTHE INDEPENDENT AUDITORS TOTHE MEMBERS OF CHILDREN IN WALES - PLANT YNG NGHYMRU Use of our report This report is made solely to the charitable ct)mpany's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 20C6. OLFr audit work has been undertaken so that we might state to the charitable company's members those matters we are iequired 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 charFtable company's members as a tjody, for our audit work. for this report, or for the opinions we have formed. Michael Jones (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 SA7 9LA Date:............................................. Page 24
CHILDREN IN WALES- PLANTYNG NGHYMRU STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNTI FOR THE YEAR ENDED 31 MARCH 2025 2025 Total fvnds 2024 Tolal funds Unrestri¢Xed funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legaaes 3,080 3,080 8.1fKI Charltable a¢vItieS Better connected CYP & wlforce Influencing practice & development through representation & Consultation Better informed CYP & wlforce Membership & Support Services Governane£ Costs 93,030 269,458 382,488 390,499 107,116 133,885 18,250 26.351 310,255 387,789 52,860 76,329 417,371 521,674 71,110 102,680 449,622 561,988 76,607 110,618 Other trading activities Investment incorne 6,350 17,856 6,350 17,856 316,084 16,587 Totsl 405,918 1.0,891 1,502,609 1.930,105 EXPENDITURE ON Charitsble activitieg Better connected CYP & wlfor Influencing practice & development through representation & Consultation Better infomied CYP & wlforce Membèrship & Support Serwices Support Costs 136,643 334,072 470,715 470,940 136,677 197,694 19,524 340,146 491,992 48,589 476,823 689,688 68,113 479,500 693,561 Total 490.538 1,214,799 1,705,337 1.714,940 Net gainsl(losses) on investments (11.229) (11,229) 12,935 NET INCOMEI{EXPENDITUREI Transfers between funds Other recognised gainsllloss9s1 Gainsloosses) on revaluation of fixed assets (95,849) 9,318 (118,108) (9,318) {213,957) 228,100 19 (995,CKO> Net movernent in fund8 (86,531) (127,426) (213,957) (766,900) RECONCIUATION OF FUNDS Total funds brought forward 770,399 127,426 897,825 1,664,725 TOTAL FUNDS CARRIED FORWARD 683,868 683,868 897,825 The notes fom part ofthese financial statements Page 25
CHILDREN IN WALES- PLANT YNG NGHYMRU BALANCE SHEET 31 MARCH 2025 2025 Total funds 2024 Total funds Unreslrided funds Restricted funds Notes FIXED ASSETS Tangible assets Investments 12 13 450 370,885 3,517 382,117 370,885 371.335 371,335 385.634 CURRENT ASSETS Debtors Cash at bank and in hand 14 105.354 105,354 380,433 286.329 473.694 473.694 666.762 CREDITORS Amounts falling duewithin one year 15 (150.401) (150.401) (138.799) NET CURRENT ASSETS 323,293 323,293 S27,3 TOTAL ASSETS LESS CURRENT LIABIUTIES 694,628 694.628 913,597 CREDITORS Amounts falling due after more than one year 16 (10,760) {10,760) {15.772) NET ASSETS 683,868 683.868 897.825 FUNDS unrestrict fvnds Reslricied funds 19 683,868 770.399 127.426 TOTAL FUNDS 683,868 897.825 These financial statements have been prepared in accordance with the provisions applicable to tharitable companies subject to the small companies regime. The financial stalements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: H Pery- Trustee The notes fonn part ofthese financial ststements Page 26
CHILDREN IN WALES- PLANT YNG NGHYMRU CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from opgrating acllvftles Cash generated from operations 65,258 (90.999) Net 5h provided byl{used in) operaling activities 65.258 (90.999) Cash flows from investing activities Purchase offixed asset investments Purd)ase of investment propety Sale of tangible fixed assets Sale offixed asset investments Interest received {123,562) (98,804) (12,935) 125,272 17,856 114,178 16.587 Net cash provided by investing activities 21,975 19.026 Cash flows from financing actlvlde8 Loan repayments in year (5,222) (5,106) Net cash used in financing 8¢tivities (5,222) (5,106) Chang8 In cash and cash equivalents in the reporting periad Ca8h and cash equivalents atthe beginning of tho reportlng period 82,011 (77.079) 286,329 363,408 Cash and cash equlvalents attheend of the reportlng period 368,340 286.329 The notes fom part of these financial statements Page27
CHILDREN INWALES- PLANT YNG NGHYMRU NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 RECONCILIATION OF NET (EXPENDITUREYINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net {expenditure)fincome for the reporting period las per the Ststement of Financial Activities) Adjuslments for. Deweciation charges Lossesl{gain) on investments Interest r1Ved Decreasel(increase) in debtors Increasel(decrease) in creditors (213,957) 228,100 3,307 {12,935) {16.587) {266,766) (26,118) 9.522 (17,856) 275,079 11,812 Ngt cash provided byl(used In) operations 65,258 (90,999) ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At 31.3.25 Net cash Cash at bank and in hand 286,329 82,011 368.340 286,329 82,011 368.340 Debt Debt5 falling due within 1 year Debts falling due after 1 year (5,222) (15,772) 210 5.012 (5,012) (10,760) (20.994} 5,222 (15.772) Totsl 265,335 87,233 352,568 The notes form part ofthese financial statements Page 28
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basis of preparing the finan¢ial statements The financial statements ofthe charilable company, which is a public benefit entity under FRS 102, have been prepared in accordan 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 Slandard applicable irb the UK and Republic of Ireland IFRS 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 revaILtIon of certain assets. The financial statements are prepared in sterling, which is the functional rrencY of the charrty. Monetary amounts in these financial are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, unless otherwise staled in the relevant accounting policy. The principal accounting policies adopted are Sel out below. Going Concem The Board of Trustees have assessed whether the use of going concem concept is appropriate and have considered possible events or conditions that might Gast significant doubt on the ability of the ¢h8rity to continue as a going concem. The board of trustees have made this assessment for a petiod of al least one year from the date ofthe approval of these financial statements. In particular, the Board has closety monitored the finanaal perfom8n¢e of the charity during the year ended 31 March 2025, noting a defiGil primarily driven by Underperf0man in income. In response, the charity will seek to diversfy its income through a new consultancy service, in areas of expertis8 for the organisation, where there is a great fit with our vision and mission, such as youth p8rti¢iP8tion, and enhancing democratic engagement for children in young people. We will also be launching a new revitalised membership offering which we anticipate will lead to an increase both in membership numbers and income. Should the anticipated income generation not be successful. we will review our ¢osts to ensure that the charity achieves a break - even position. A designated reserve has been approved by th8 board to cover anticipated losses forfutur8 years until the atthie plans are achieved. Not induding this designated reserve, the charity has a free general reserve of £333.868, which equates to just over 2 months running costs. Based on these 8Ctions and the current financial position, the Board has a reasonable expectation that the charity has adequate resources to continuè in operational existence for Ihe foreseeable fijture. Accordingly, the financial Statements have been prepared on a going conom basis. Income All in¢ome is recognised in the Statement of Financial Activities once the charily has entitlement to the funds, it is probable that the income will b8 received and the amount can be measured reliably. Income is primarily devised from grant income supporting the principal objects ofthe charity. The following specific policies are applied to P8rti¢ular calegories of income. Income from govemm8nt and other grants. whether 'capilal' grants or 'revenue' grants. is recognised when the Charity has entitlement to the funds, any perfonnance nditionS attached to the grants have been met. it is probable that the income will be recelved and the amount can be measured reliably and is not deferred. Investment income is included when receivable. Membership training and consultancy income is reMgnised in the period to which is relates with any amounts received in advance being deferred. Page 29 continued...
CHILDREN INWALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES- continued 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 benefjts will be required in settlement and the amount ofthe obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the category. IM)ere costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure on charitable activities indudes all costs relating to the furtheran of the charity's objectives as stated in the trustees report and their aSs(lated support costs. Govemance LX)sts comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Costs are allocated between dired tharitable expenditure and other expenditure according to the nature of the cost. Where items relate to more than one category they are apportioned beljveen the categories according to the nature of the cost. G0Veman costs include those costs associated with meeting the constitutional and ststutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charity. AJI resources expended are dassified under activity headings that aggregate all costs related to the category. Grants offered subject to Conditions which have not been met at the year end date are noted as a ¢ommilment but not accrued as expendilure. Charitable fund8 Unrestrided funds are available for use al the discretion of the trustees in furtherance to their tharitable objectives. Designated funds comprise funds which have been set aside at the discretion of Ihe trustees for specific purposes. The purposes and users of the designated funds are set out in the notes to the financial statements. Restricted fvnds affj Subject to specific conditions by donors as to how they may be used. The purposes and uses of the reslricted funds are set out in the noles to the finan(ial statements. Tangible fixed assets Depreciation is provided at the following annual rates in orderto vnite off each asset over its estimated useful life. Plant and machinery Fixtures and ffttings CompLrter equipment 15Yo reducing balan 25?/0 on cost It is the charivs accounting pdicy to not capitalise items with an individual value of £2.(JXI or less. The gain or loss arising on the disposal of an asset is determined as the difference belween the sale proceeds and Ihe carrying value of the asset. and is recognised in the statement fo fjnancial activities. Taxation The charity is exempt from corporation tax on its charitable adivibes. Fund accounting Unrestricted funds can be used in accordance viith the charitable objectives at the discretion of the Iwstees. Restricted funds can only be used for particular restricted puOseS within the objects of the charity. Restsictions arise when specified by the donor or when funds are raised for partiojlar restrided purposes. Furth8rexplanation of the nature and purpose ofeach fund is included in the notes lo the financial statements. Debtors Trade and other debtors are recognised al the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Page 30 continued...
CHILDREN INWALES-PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMEtrtr8 - contlnued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POUCIES - contlnued Cash at bank and in hand Cash at bank and cash in harKI indudes cash and short temi highty liquid investments wrth a short maturity of three months or less from the date of acquisition or opening of the deposit or STmilar a¢¢ount. Credltors and provisions Creditors and provisions are re¢ognised where the company has 8 present obligation (legal and constructive) resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normalty recognised at their settlement amount after allowing for any trade discounts duè. Flnan¢ial instruments The Gharitsble company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instrumenls. Financial instruments are recognised in the company's balance sheel when the company becomes party to the contractual provisions of the instwment. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the re¢ognised amounts and there is an intention to settle on a nel basis or to realise the asset and settle the liability simuttaneously. Ba$ic financlal a88ets Basic financial assets. which include debtors and cash and bank balances, are initially measured at transaction pric including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assèts classified as réceivable within one year are not amortised. Impairment of finan¢ial assets Financial assets, other than those held atfair value through profft and loss, are assessed for indicators of impairment at each reporting end date. Financial assets ar8 impaired where there is objective evidence that. as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated fvture cash flows have been affected. The impainnent loss is recognised in profit or loss. If there is a decrease in the impaimient loss arising from an event occurring after the impaimient Was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed whal the canying amount would have bèen, had the impaimient noi previously been reo)gnised. The impaiment reversal is recognised in profit or loss. Dorecognilion of financial assets Financial assels are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity. Baslc financial liabllttles Basic financial liabilities, in¢ludin9 creditors and bank loans are initially recognised at trdnsadion price unless the arrangement constitutes a financing transaclion, where the debt instrument is measured at the present value of the fulure payments discounted at a mart(et rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rale method. Trade creditors are obligations to pay for goods or services that have been a¢quired in the ordinary course of business from suppliers. Amounts payable are dassified as current liabilities rf payment is due wiihin one year or less. If not, they are presented as non<ufrent liabilities. Trade creditors are regnised initialty al transaction price and subsequently measured at amortised cost using the effeclive interest method. Page 31 continued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - continued Derecognition of financial liabilities Financial liabilities are derecognised when the jMpanVS contractual obligalions expire or are discharged or cancelled. Custodlan Fund5 The Charity holds certain funds as a custodian on beha of other entities. These custodian funds are held separately from the charity's own funds and are not included in the tharity's Stalemenl of Financial Activities. As of 31 March 2025, the total amount of custodian funds held was £1,483,697 {2024 £1.508.709). These funds are held in accordance with specific tems and conditions agreed upon with the fvnd beneficiaries. DONATIONS AND LEGACIES 2025 2024 Donations 3.080 8,100 OTHER TRADING ACTIVITIES 2025 2024 Other Income 316.084 Included within olher income in 2024 is an amount of £307,000 relating to the exit from the defined benefit pension schem8 (for further information p18ase refer to Note 19). INVESTMENT INCOME 2025 2024 Deposit accounl interest In¢om8 from listed investments 410 16.177 17,288 17,856 16.587 INCOME FROM CHARITABLE ACTIVITIES ln1lueIn9 pradi¢e & development through representation & Consultatijn Better Better infomied cyp& wltor cyp& wttorce Grants Consultancy Memb8rship Subsoiptions Training inccxme 271.516 30,827 2.521 57,624 312,ff23 35,496 2,9J3 66,349 3X¢ 1,749 44,367 3.628 82,930 362,488 417,371 521,674 Page 32 continued..
CHILDREN IN WALES. PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 INCOME FROM CHARITABLE ACTIVITIES - continued 2025 2024 Membership & Support Services Govemance Costs Total activities Total activities Grants Consultancy Membership SubsrJipiions Training income 53.263 6,048 495 11.304 76,911 8,733 713 16,323 1,105,062 125,471 10,260 234,530 1,234,337 132,172 11,277 211,548 71,110 102,680 1,475,323 1,589,334 Grants received, included in the above, are as follows: 2025 224 Welsh Government- Core Grant Welsh Govemrnent- Children's Act Welsh Govemment- Parent Participation Voices from Care Welsh Government- Price of Pupil Povety Programme WCVA The Young Foundation Welsh Govemment- SSSG Welsh Government - Additional Leaming Needs Grants The National Lottery CTM Earty Years Transfomiation BBC Children in Need Electoral Cornmission UKYP Local Democxacy Projed All Wales Travel Behaviour Child Povety 796,371 794.501 27.044 43,521 45,378 79,288 80,694 80,392 10,000 35,601 9,950 6,153 6,815 15,000 43,520 49,563 29,938 19,133 19,598 10,000 42,796 15,000 15,OC() 42,788 16,355 1,105,062 1,234,337 CHARITABLE ACTIVITIES COSTS Support osts (see note 8) Direct Costs Totals Better connected CYP & wlforce Influencing practi & development through representation & Consultalion Better infonned CYP & wlforce Membership & Support SeNices 387.813 82,g)2 470,715 394,865 571,143 56,410 81,958 118,543 11,703 476,823 689,686 68,113 1,410,231 295,106 1,705,337 Page 33 continued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - ¢ontinu8d FOR THE YEAR ENDED 31 MARCH 2025 GRANTS PAYABLE 2025 2024 Betterconnected CYP & wlforce InfluenGing practice & development through representation & Consultation Better infomied CYP & wlfor Membership & Support SeNices 1,467 1,492 2.158 213 The total grants paid lo institutions during the yearwas as follows.. 2025 2024 Grants 5,330 SUPPORT COSTS Support osts Better connected CYP & wlfor Infiuenang practi & development through r8presentation & Consultaion Better informed CYP & wlfor¢e Membership & Support S8rvices 82,902 81,958 118,543 11.703 295,106 NET INCOMEIIEXPENDITURE) Net incomel{expenditure) is ststed after chargin(Crediting)'. 2025 2024 Audilors. remunerntion Auditors, remuneration for non audit work Depreciation- ownéd assets 10,755 3,000 10,450 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses 2025 2024 Trustees, expenses 291 23 Page 34 continued...
CHILDREN IN WALES- PLANTYNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 11. STAFF COSTS 2025 2024 Wages and sakries Social security cnsts Olher pension costs 1,086.432 95,937 54,940 930,833 90,645 140,738 1,237.309 1,162,216 The average monthly number of employees during the yearwas as follows: 2025 2024 Employees The number of employees Ose employee benefits (excluding employer pension cosls) exeded £60.0(Ki was.. 2025 2024 £60,001- £70,000 £70,001- £80,000 The key management personnel ofth8 charity comprise of the Trustees, the Chief Executive Officer, the Policy Director and Deputy CEO, the Delivery Directoi. the Finan and Operations Director and the Governance Manager. The total employee benefits of the key management personnel of the charity was £284,927 {2024'. £245,972). 11 TANGIBLE FIXED ASSETS Fixtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2024 Disposals 924 (924) 10.297 {4,820) 7,384 (3.97n 18,605 (9,721) At 31 March 2025 5,477 3,407 8,884 DEPRECIATION Al 1 April 2024 Charge for year Eliminated on disposal 832 7,872 6,384 550 {3,97n 15,088 658 (7.312) (832) (2,503) At 31 March 2025 5,477 2.957 8.434 NET BOOKVALUE At 31 March 2025 450 450 At 31 March 2024 92 2,425 1,0 3,517 Page 35 continued...
CHILDREN IN WALES - PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 13. FIXED Ass INVESTMENTS Listed Cash in portfolio Totals MARKET VALUE At 1 April 2024 Additions Disposals Revaluations Exchange differences 377,927 123,562 {125,272) {8,844) 4.19) 382,117 123,562 (125,272) (8,844) {678) (678) At 31 Mar¢h 2025 367,373 3,512 370,885 NET BOOK VALUE At 31 March 2tY25 367,373 3,512 370,885 At 31 March 2024 377,927 4,1 382,117 There were no investment assets outside the UK. Cost or valuation at 31 March 2025 is represènted by.. Lisled investrnenls Cash in porttolio Totals Valuation in 2024 Valuation in 2025 377,927 (10,554) 4,190 (678) 382,117 (11,232) 367,373 3,512 370,885 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Other debtors Prepayments and accrued income 93,806 1,685 9,863 54,181 307,01)) 19,252 105,354 380,433 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Bank loans and overdrafts (see note17) Trade ¢7editors VAT Accruals and deferred income Accrued expens8s 5,012 12,437 7,380 100,074 25,498 5,222 11,093 4,541 13,108 104,835 150,401 138,799 Page 36 continued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2025 2024 Bank loans (see note 17) 10.760 15,772 17. LOANS An analysis of the maturity of loans is given bel(Y¥V: 2025 2024 Amounts falling due within one year on demand: Bank loans 5,012 5,222 Amounts falling between one and years: Bank loans - 1-2 years 1.480 5,012 Amounts falling due beeen and five years: Bank loans - 2-5 years 4,716 4.577 Amounts falling due in more than five years.. Repayable otherwise than by instalments.. Bank loans more 5 yrs non-inst 6,183 18. LEASING AGREEMENTS Minimum lease payments under non-canc£llabEe operating leases fall due as follows.. 2025 2024 Imthin oneyear Between one and five years 24,288 1,032 25,320 19. MOVEMENT IN FUNDS Net movement in funds Transfers ben funds At 1.4.24 31.3.25 Unrestricted funds General fund Implementation of strategic plan 770,399 (95,849) {340,682) 350,C 333,868 350,CIJO 770,399 (95,849) 9,318 683,868 Restricted funds Various small grants WCVA Volunteer CTrordinator 64.614 62,812 (55,296) (62,812) (9,318) 127.426 {118,108) (9,318) TOTAL FUNDS 897,825 {213,957) 683,868 Page 37 r))ntinued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - conlinuod FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS-continued Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gainsand losses Movement in funds Unrnstricted fundB General fuTh 405,918 (490,538) {11.229) (95,849) Restiicted funds Getting Ready Project Price of Pupil Poverty Various small grants WG- Children in Wales Grant WCVA Volunteer Co-ordinator 49.563 29,938 113,741 884.316 19.133 (49,563) P9.938) (169,037) (884,316) {81,945) (S5,) (62,812) 1.096,691 (1,214.799) (118.108) TOTAL FUNDS 1.502,609 (1,705,337) (11,229) P13,957) Comparatives for movement in funds Net Transfers belween funds At 1.4.23 in funds 31.3.24 Unrestricled funds General fund Pension Reserve 611,307 995.Otx) <835.}8) 995,000 (995.CW) 770,399 1,606.307 (835,9)8) 770,399 Restricted funds Various small grants WG- Children in Wales Grant WG informal use ofwelsh language WCVA Volunteer C(rdinatOr 15,404 35,246 7,768 49.210 (35.246) (7,768) 62,812 64,614 82,812 58,418 69,008 127,426 TOTAL FUNDS 1,664,725 (766,9JO) 897,825 Page 38 continued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS-eontlnued Comparalive net movement in fvrKls, induded in the above are as follows: Incoming resources Rescwrces expended Gains and losses Movement in funds Unrestrieted funds General fund 686,CM)8 {539,851) (982,C65) {835,908) Restricted funds Getting Ready Project Pri of Pupil Povety Various small grants WG- Children in Wales Grant WG informal use of Welsh language WCVA Volunteer Ccpordinator Sponsorship YW Festival 45,378 79,288 132,360 870,122 8,011 80.694 1,200 27,1)44 (45,378) (79,288) (83,150) I905,) (15,779) (17,882) (1,2)) (27,044) 49.210 (35.246) (7,768) 62.812 1,244,097 (1,175,089) 69,008 TOTAL FUNDS 1,930,105 (1,714,940) (982,(E5) (7e6,900) A current year 12 months and prior year 12 months combined posiiion is as follows: Net movement in fvnds Transfers belween funds At 31.3.25 At 1.4.23 Unrestricted funds General fvJThJ Pension Reseple Implementstion of sbategic plan 611,307 995.000 <931.757) 654,318 (995,C(Q) 350.(K)O 333,868 350,000 1,606.307 {931,757} 9,318 683.868 Restricted funds Various small grants WG- Children in Wales Grant WG informal use of Welsh language 15,404 35,246 7,768 (6,088) (35,246) (7,768) (9,318) 58,418 (49,100) (9,318) TOTAL FUNDS 1,664.725 (980,857) 683,868 Page 39 continued...
CHILDREN INWALES- PLANTYNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 19. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, induded in the above are as follows.. Incoming reSoue$ Gains and losses Movement in funds expended Unrestricted funds General knnd 1.091.926 (1,030,389) (993,294) (931,757) Restricted funds Getting Ready Project Price of Pupil Poverty Various small grants WG- Children in Wales Grant WG infomial Lsse of Welsh language WCVA Volunteer Co-ordinator Sponsorship YW Festival WG.CA 94,941 109.226 246,101 1.754.438 8.011 99,827 1,200 27,044 (94,941} (109,226) (252,187) (1,789,684) (15,779) (99.8271 {1,2CKI} (27,044} (6.086) (35,246) (7.768) 2,340.788 P,389.888) (49,100) TOTAL FUNDS 3,432,714 {3,420,277) {993,294) (980,857) Getting Ready Project - Grant aim is to increase the housing support available lo vulnerable young people who are transitioning from local authority care. Price of Pupil Poverty - Funding received is to develop a suite of guides aimed at schools and educations to raise awareness of the impact of poverty on pupils. Furthermore a designated officer is to be recwited to worf( directly with schools for training and support. Welsh Govemment Children in Wales Grant - grant to deliver a project entiued Tackling poverty and promoting Childn'S rights- children and families policy, practice and strategic development programme. Welsh Govemment- Informal Use of Welsh Govemment on the infomial use to Welsh. WCVA Volunteer Co-ordinatoi - Support grant to employ a Volunteer Coordinator in to encourage the engagement of new young volunteers inti the third sector. Implementation of Strategic Plan Designated funds of £350,000 represents the amount that Children in Wales has, at its discrelion, set aside from unrestricted reseNes for specific purposes. While these funds remain unrestricted in nature. the twstees have chosen to allocate Ihem to support strategic initiatives. In partIClar, the trustees have designated funds to facilitste the delivery of the organisation's five-year strategic plan, which was launthed in Spring 2025. 20. RELATED PARTY DISCLOSURES The chaiity and Voices From Care Cymru have common trustees. During the year income receivable from Voices From Care Cymru totalled £65,918 {2024: £46,928) in respect of membership, training and reimbursement for the 'Getting Ready Projert,. £14,643 (2024.. £14.079) was outstanding at the year end and is included within trade debtors. There were no other related paty transactions to disdose. Page40 continued...
CHILDREN IN WALES- PLANT YNG NGHYMRU NOTES TO THE FINANCIAL STATEMENTS . contlnued FOR THE YEAR ENDED 31 MARCH 2025 21. CUSTOOIAN FUNDS - EDWARD NICHOLL TRiIST The Children's Society ha5 withdrawn from Wales and left behind two Victorian legacies. bequeathed for work with deprived children in Wales. In order that the funds could be spent in aordanCe with the donors, wishes. the Children's Society split the fvnd 80 /0 to Tros Gynnal Plant and 20.fi to the Church in Wales Diocese of Llandaff. Children in Wales was nominated to be the Custodian Trustee of the newly created 'Edward Nicholl Trust, and will pay the income received by the fund to Tros Gynnal Plant and the Church in Wales in the agreed proportions. In accordance with Chaiity Commission gLJidelines on 'Funds held as Custodian Trustee, the assets of the Edward Nicholl Trust are not included in the Balance Sheet. The assels of the fund are held separately from the charity's own assets and ar8 safely held in eilher a trust bank a¢Unt or with appointed investment managers. The object of the Edward Nicholl Trust is the care and support of ¢hildren and young persons. This is consistent with the objects of Tros Gynnal Plant and the Church in Wales, to which the money shall be applied. The trustees seek to adopt a Conservative investment policy to achi8ve a return and capital growth and 81so take professional advice towards the investments. Assets held at 31 Mar¢h 2025 2024 Funds held in the trust bank attount Fair value of the invesbnent portfolio by investment managers 24,595 1,459,102 24.102 1,484,607 1,483,697 1,508.709 22. UABIUTY OF TRUSTEES The charity is limited by guarantee, not having a share opital, the word lirniled being omitted from its name pursuant to a licence from the Department of Trade. Each trustee of the company is liable to a maximum of £1 in the event of the winding up of the ch8rity and is not enlitl8d to any share in the assets of the company. Page41
CHILDREN IN WALES- PLANT YNG NGHYMRU DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacles Donations 3,080 8,100 Other trading activities Otherlncome 6,350 316,084 Investment Income Deposit account interest Income from listed investments 410 16,177 17.288 17,856 16,587 Charitable activities Grants Consultancy Membership Subscriptions Training income 1.105.062 125,471 10.260 234,530 1.234.337 132,172 11.277 211,548 1,475,323 1,589.334 Totsl Incomlng resources 1,502,609 1,930,105 EXPENDITURE Charitsble activities Wages Investment management fees Legal and Professional fees Meetings & conference expenses Recruitment Training & Consultancy Grants to institutions 1,249,2 12,C66 25,811 26,813 3,732 92.807 1,162,216 14,7 33.487 71,491 8.488 107.551 5.330 1,410.231 1,403,470 Support costs Support costs Trustees. expenses Auditors, remuneration Auditors, remuneration for non audit work Insuran Travel and subsistence Repairs and renewals Communication Rent other premises costs Bank ChargeslBad Debts Irrecoverable VAT Depreoation of tangible fixed assets 291 10,755 3,0 8,744 53,554 8,450 124,953 36,719 11,005 7,459 31,518 23 10,450 3,000 4,022 32.081 52,538 97,910 45.000 29,912 1,518 31.709 I I 658 3,307 295,106 311,470 This page does not fomi part of the statutory financial statements Page42
CHILDREN IN WALES- PLANTYNG NGHYMRU DETAILED STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Total resources expended 1,705,337 1,714.940 Net lexpendlturevlncome before gains and losses (202.728) 215,165 Reallsed recognlsed gains and losses Realised gainsl{losses) on fixed asset investments (11,229) 12,935 Net (expendliure)Ilncome 1213,957) 228,1IXI This page does nol form part of the statutory financial statements Page 43