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|INSTITUTE OF WELSH AFFAIRS|||
|---|---|---|
|REPORT OF THE TRUSTEES|||
|FOR THE YEAR ENDED 31 MARCH 2021|||
|elected impact|||
|Our session on curriculum
and assessment
influenced
the work ofQualifications
Wales in developing
its
proposals
for Wales' new national
curriculum.
Discussion
from the event was captured as part oftheir formal
consultation
on their proposals,
and separate discussions
developed
from this event with stakeholders
in
attendance.
The event contributed
to a wider discussion
about the direction of curriculum
reform at atime
when this issue had a lower priority,
and Plaid Cymru
responded
to this debate by proposing
significant
changes to formal assessment
in Welsh schoois as part oftheir 2021 election manifesto.
Our session on business
after Covid-19 also proved
influential
in wider debates about the Welsh|||
|Government's
support for business. The Minister for Economy and Transport was presented
with a range of
perspectives
from small business
owners as part ofthis event, with the Minister and the Deputy
Chair ofthe
Economy Ministerial
Advisory
Board both accepting an offer to visit one ofthe hospitality
businesses
to
discuss the issues they were facing in more detail. The issues raised were subsequently
the focus offurther
policy design.|||
|Our discussion
on social care after COVID-19 contributed
to widespread
interest
in social care amongst the
Welsh public community.
Proposals that were discussed at this event were discussed
more widely afterwards
and found their way into multiple
party manifestos
for the 2021 election.
In particular,
concerns
highlighted
at
our event relating to the pay and conditions ofthe workforce were reflected
in Welsh Labour's
commitments
to|||
|a National
Living Wage and the development
ofa National
Social Care Framework
for commissioning.|||
|Feedback|||
|63% attendees
said the sessions
introduced
them to new thinking
or new ideas and,
in testament
to our commitment
to
including
more diverse voices in the sessions, 81%said they heard from people they hadn't heard from before. We were
also pleased that feedback included
how our Rethinking
Wales sessions had enabled attendees
to make new and useful
contacts:-|||
|'lt has helped
with the small business policy development
ofthe Welsh Liberal Democrats. '|||
|7he events help me to understand
the Welsh context and as a result I am always more well informed. '|||
|'It encouraged
me to link up with one ofthe speakers.
'|||
|'Really enjoyed the format ofthe sessions, theinclusiveness
and the level ofquestioningl
debate. '|||
|Very informative,
engaging
topics. Particularly
liked the guest speakers. '|||
|'IWA events always have good speakers
who understand
the topic, have real life experiences
and talk sense
with solutions. '|||
|When asked ifattendees
had done things differently
after the discussion,
responses
included:-|||
|'Yes, Ibehave differently as a result -more thoughtful,
betterinformed.
'|||
|'Imade some excellent contacts. The event also confirmed
my belief that there was a wider conversalion
to be
had. '|||
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|hat we said||||hat we did||||
|---|---|---|---|---|---|---|---|
|e will engage with the 80+ members
ofour policy|groups|||his work was held over until 2021-22 partly due to capacity||||
|ocreate a network so their ideas contribute to our|pipeline|||nd partly due to the global pandemic||||
|ffuture policy work.||||||||
|e will seek funds to continue to advocate for the||||e have successfully
resourced
further
influencing||work||
|implementation
ofour recommendations
ofour flagship||||rom the Friends Provident
Foundation||||
|Re-energising
Wales project||||||||
|e will move our agenda-setting
events programme||online,||e reached
significantly
more people through|the|online||
|ith sessions
in partnership
with Cardiff University,|Cardiff|||elivery ofour events and will be looking ahead to||what a||
|ouncil, BBCCymru Wales and others||||blended'
online and in person events programme||might look||
|||||ike in due course, when restrictions
permit.||||
|e will publish
two editions ofthe welsh agenda
and|||further|ewere pleased to welcome a number of new|members||to|
|evelop its strong online presence,
while maintaining|||high|ur editorial group including
young people and|people with|||
|uality contributions
from an increasingly
diverse set||of||ived experience ofrace and disability,
and are|valuing
the|||
|uthors||||erspectives
that they bring.||||
|e will review
all our work to ensure
it is inclusive,||||ur training
programme
review
will take place in FY2022.||||
|ccessible and welcoming
to new members
and||||||||
|articipants||||||||
|e will engage our members
more broadly through|various|||e are consciously
checking
in with our members||more||
|eedback mechanisms,
and will launch our new||||equently
and our new membership
offer will be launched||||
|embership
offer||||'n July 2021.||||
|e will continue our training
programme,
and move||it||e successfully
moved our training
programme|online,|||
|nline during the lockdown
period ifnecessary||||eeking feedback from delegates
to improve
it|each time|||
|e will deliver against our funded
policy project||||any ofour planned
engagement
activities were pivoted||||
|mmitments,
communicating
our findings
clearly and||||nline due to the pandemic,
so some ofour activities have||||
|maginatively
in bite-size chunks so that they reach|new|||een delayed.||||
|udiences||||||||
|e will appoint
new trustees,
ensuring
strong succession||||e successfully
appointed
four new trustees
in Spring||||
|lanning
for long standing
trustees who have indicated|||their|020, and transitioned
to a new Treasurer
and|Company|||
|'ntention
to step down, and diversifying
our Board by||||ecretary.||||
|eeking new trustees from Black, Asian and Minority||Ethnic||||||
|coUps||||||||
|e will develop our organisational
Welsh Language||policy||his will be presented
to the Board in September 2021||||
|nd action plan||||||||
|e will ensure our draft new Articles ofAssociation|are|||ur new Articles ofAssociation were approved|by|our||
|ure proofed, and approved
by both our members|and our|||embers at our AGM and by our regulatory
bodies||in||
|egulatory
bodies.||||utumn 2020.||||
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|
. rustees ar
events where these will facilitate the undertaking
oftheir|encouraged
to attend
IWA events and other approp
role. All directors are also trustees ofthe charity.|riate
exte|rn|
|---|---|---|---|
|Risk management||||
|Our risk management
approach
is reviewed
on a regular|basis throughout
the year.|||
|The Trustee's
report in our FY2020 year end accounts previously
identified
that we would seek to:||||
|hat we said
Review our membership
offer|hat we did
his was prepared
in FY2021 and will be launched
early
FY2022||in|
|Review and strengthen
our Welsh language
policy and
oost our internal
capacity to communicate
in Welsh|ur Welsh language
policy will be presented
to
or approval
in September 2021|the Board||
|Review our risk table in light ofour experience ofthe
xisting and ongoing
impact ofcoronavirus
on the
rganisation|Our overhead costs remain
low at or under 10%ofour total
xpenditure.
We will review our risk table again
in FY2022|||
|onsult carefully and take a prudent
approach
to returning
o our small office, likely maintaining
a blend ofoffice and
omeworking|s a team, we continued
to work from home,
in
regulations.
An office rota has been established
reparation
for a blended
approach|line with
in||
|ove our public-facing
events online and ensure they are
s accessible to as many people as possible,
while
overing our costs|e successfully
moved
all our events online and sourced
ew funding|||
|aintain our reputation
fora high standard
ofdelivery of
ur existing commitments
and policy projects, providing
reassurance
to our donors|e received consistently
positive feedback from
elegates and donors|both||
|eek to involve more young people
in the work ofthe IWA|e expanded
our editorial
group and purposefully
ommissioned
a series on young people starting|their||
||reers in particular sectors impacted
by Covid|||
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|REFERENCE AND ADM|REFERENCE AND ADM|INISTRATIVE|DETAILS||||
|---|---|---|---|---|---|---|
|Trustees|||||||
|Ms B Darwin|||Chair||||
|Ms H C Molyneux|||||||
|Mr N G Griffiths|||Treasurer|until 19March 2021|Resigned|19March 2021|
|Dr EAp Gwilym|||||||
|Ms F Beecher|||||||
|Dr D0 Clubb
Ms A J Copus|||||Resigned|11 December 2020|
|Professor G H Holtham|||||Resigned|11 December 2020|
|Ms V E Livingston|||||||
|Professor LJ McAllister|||||||
|Professor
KJ Morgan|||||||
|Ms H FMortlock Pearce|||||||
|Mr A Pickles|||||||
|Mr M Thomas|||||||
|Ms LSFarhat
Ms SWilliams
Ms SJ Prescott|||Treasurer|from 19March 2021|Appointed
Appointed
Appointed|29 July 2020
29July 2020
29 July 2020|
|Ms A E C Wride|||||Appointed|29 July 2020|
|Company
Secretary|||||||
|Ms LS Knight
Ms SJ Prescott|||Until 22 January 2021
From 18March 2021||||
|Independent
Examiner|||||||
|Watts Gregory LLP|||||||
|Chartered
Accountants|||||||
|Elfed House|||||||
|Oak Tree Court|||||||
|Cardiff Gate Business|Park||||||
|CARDIFF|||||||
|County ofCardiff|||||||
|CF238RS|||||||
|Senior Management|Team||||||
|Ms AJV Miller|||||||
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|E'|||F|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations|and legacies||3|248,043||248,043|182,315|
|Charitable|activities|||||||
|General||||163,320|37,500|200,820|119,546|
|Investment|income|||859||859|475|
|Total||||412,222|37,500|449,722|302,336|
|EXPENDITURE ON||||||||
|Raising funds||||48,325||48,325|41,952|
|Charitable|activities|||||||
|General||||303,256|17,818|321,074|298,981|
|Total||||351,581|17,818|369,399|340,933|
|NET INCOME/(EXPENDITURE)||||60,641|19,682|80,323|(38,597)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds|brought forward|||85,164|318|85,482|124,079|
|TOTAL FUNDS CARRIED FORWARD||||145,805|20,000|165,805|85,482|
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|DONATIONS
AND LEG|ACIES|||||
|---|---|---|---|---|---|
|||||2021|2020|
|Donations
Gift aid
Grants
Subscriptions
Patrons||||15,440
5,947
116,317
100,431
9,908|27,778
8,243
31,134
94,152
21,008|
|||||248,043|182,315|
|Grants received, induded|in the|above, are|as follows:|||
|||||2021|2020|
|Friends Provident
Foundation
The Waterloo Foundation
Legal Education
Foundation
WCVA Third Sector Resilience
Job Retention Scheme||Fund for Wales Scheme||50,000
10,000
45,000
11,317|4,684
10,000
16,450|
|||||116,317|31.134|
|INVESTMENT INCOME||||||
|||||2021|2020|
||||||F|
|Deposit account interest||||859|475|
|INCOME FROM CHARITABLE||ACTIVITIES||||
|||||2021|2020|
|Event income
Training
income
Carnegie
UK Trust
CREW: Centre for Regeneration
Grants
Other income
University
ofSouth Wales||Excellence|in Wales|27,214
4,103
45,275
71,878
47,500
4,850|19,945
10,097
37,525
24,986
17,500
1,160
8,333|
|||||200,820|118,548|
##
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|Grants received,|i|ncluded
in t|he above, are as follows:||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||F|F|
|Books Council of|Wales||||17,500|17,500|
|Friends Provident||Foundation|||5,000||
|National
Lottery Communities|||Fund||10,000||
|Esmee Fairbaim|Foundation||||15,000||
||||||47,500|17,500|
|RAISING FUNDS|||||||
|Raising donations||and legacies|||||
||||||2021|2020|
|Staff costs|||||43,542|36,297|
|Staff training|||||40|236|
|Support costs|||||4,743|5,419|
||||||48,325|41,952|
|CHARITABLE ACTIVITIES COSTS|||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 8)
f|note 9)|Totals|
|General||||266,395|54,679|321,074|
|DIRECT COSTS OF CHARITABLE ACTIVITIES|||||||
||||||2021
F|2020f|
|Staff costs|||||224,969|187,536|
|Event costs|||||1,990|6,582|
|Training costs|||||191|2,431|
|Direct project costs|||||39,040|45,756|
|Staff training|||||205|1,220|
|Direct recruitment||costs||||409|
||||||266,395|243,934|
##
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|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||||F|F|
|Wages and salaries
Social security costs
Other pension costs||||||252,785
21,659
15,838|212,953
18,381
10,648|
|||||||290,282|241 982|
|The average
monthly|number ofemployees||during the year was|as follows:||||
|||||||2021|2020|
|Charitable
activities||||||8|7|
|The number ofemployees||whose employee|benefits (exduding|employer|pension|costs) exceeded|f60,000was:|
|870,001 - f80,000||||||2021
1|2020
1|
##
|13.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|
|||||||fund|funds|funds|
|||||||||F|
||INCOME AND ENDOWMENTS|||FROM|||||
||Donations
and legacies|||||161,181|21,134|182,315|
||Charitable
activities||||||||
||General|||||102,046|17,500|119,546|
||Investment
income|||||475||475|
||Total|||||263,702|38,634|302,336|
||EXPENDITURE ON||||||||
||Raising funds|||||41,952||41,952|
||Charitable
activities||||||||
||General|||||248,717|50,264|298,981|
||Total|||||290,669|50,264|340,933|
||NET INCOME/(EXPENDITURE)|||||(26,967)|(11,630)|(38,597)|
||RECONCILIATION|OF FUNDS|||||||
||Total funds brought||forward|||112,131|11,948|124,079|
||TOTAL FUNDS CARRIED FORWARD|||||85,164|318|85,482|
|14.|TANGIBLE FIXEDASSETS||||||||
|||||||Fixtures|||
|||||||and|Office||
||||||Website
E|fittings
f|equipment|Totals|
||COST||||||||
||At 1 April 2020 and|31 March 2021|||9,310|5,520|16,681|31,511|
||DEPRECIATION||||||||
||At 1 April 2020||||9,310|2,880|16,314|28,504|
||Charge for year|||||264|92|356|
||At 31 March 2021||||9,310|3,144|16,406|28860|
||NET BOOK VALUE||||||||
||At 31 March 2021|||||2,376|275|2,651|
||At 31 March 2020|||||2,640|367|3,007|
##
|'I5.|DEBTORS:A|MOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|
|||||2021|2020|
||Trade debtors
Prepayments|and accrued|income|F
1,236
7,075|26,930
6,969|
|||||8,311|33,899|
|16.|CREDITORS:|AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||||2021|2020|
|||||F||
||Other loans (see note 17)
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred
income|||15,000
670
4,055
819
5,488
33,204|2,080
7,573
5,120
1,603
103,663|
|||||59.236|120,039|
##
##
|||2021|2020|
|---|---|---|---|
|Amounts|falling due within one year on demand:|||
|Other loans||15,000||
##
##
|Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:||
|---|---|---|
||2021|2020|
||F|F|
|Within one year
Between one and five years|5,356
7,674|5,356
11,155|
||13,030|16,511|
##
##
|MOVEMENT|IN F|UNDS||||||
|---|---|---|---|---|---|---|---|
|||||||Net||
|||||||movement|At|
||||||At 1/4/20
f|in funds
f|31/3/21|
|Unrestricted|funds|||||||
|General fund|||||85,164|60,641|145,805|
|Restricted funds||||||||
|Governance|Scoping project||||318|(318)||
|Our Land project||||||20,000|20,000|
||||||318|19,682|20,000|
|TOTAL FUNDS|||||85,482|80,323|165,805|
|Net movement|in funds, induded|||in the above are as follows:||||
||||||incoming|Resources|Movement|
||||||resources
f|expended
f|in funds
f|
|Unrestricted|funds|||||||
|General
fund|||||412,222|(351,581)|60,641|
|Restricted funds||||||||
|'the welsh agenda'||print and|online||17,500|(17,500)||
|Governance
Scoping project||||||(318)|(318)|
|Our Land project|||||20,000||20,000|
||||||37,500|~17,818|19,682|
|TOTAL FUNDS|||||449,722|~389,399)|80,323|
|Comparatives|for movement||in|funds||||
|||||||Net||
|||||||movement|At|
||||||At 1/4/19
f|in funds
f|31/3/20
f|
|Unrestricted|funds|||||||
|General
fund|||||112,131|(26,967)|85,164|
|Restricted funds||||||||
|Re-energising|Wales||||11,948|(11,948)||
|Governance
Scoping project||||||318|318|
||||||11,948|11,630|318|
|TOTAL FUNDS|||||124,079|~38,597)|85.482|
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