##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Digital reach|Digital reach|in FY2022|in FY2022|in FY2022||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|We|have continued||to analyse||||contributors|||||to the welsh||||agenda
online and are pleased
that|over 100 different
people|
|have|written
over 140times for||||||us since|||April||2021.||||||
||Over 81,000||people (up||||6.38%)|||visited the IWA website over the year which led to nearly 170,000total hits||||||||
||(up nearly 15%).|||||||||||||||||
||We published||12new|||podcasts||||over||the|year|and, overall, there were 2,945 'listens'.||||
||Our Youtube||channel gained|||||1,161|||views||ofour videos.|||||
||At the|end ofApril|||2022, nearly||||18,705 people||||||followed the IWA on Twitter, around 700||more people than
in|
||March|2021.||||||||||||||||
||Over 1,547 people||||follow our|||Facebook page||||||at the time ofwriting.||||
||At the|end ofMarch 2021,there||||||||were||824 people||||following our Linkedln
page, which is|a 55.48%increase on|
||the previous||year.|||||||||||||||
|What we said||||||||||||||||What we did||
|~|Further|expanding|||the|reach and||||online delivery||||||This year, we have reached
over|1,000 more people|
||of our|agenda-setting|||||events|||programme,||||in||than last year through
delivering
our work online.||
||partnership||with||our||members|||||and|key|||||
||stakeholders.|||||||||||||||||
|~|Further expanding|||our online training|||||||programme.|||||While we pride ourselves
on the|quality
discussions|
|||||||||||||||||that
are
possible
with
small|groups
of training|
|||||||||||||||||delegates,
and
this
is
consistently
appreciated
in||
|||||||||||||||||feedback, we are pleased to have|tripled our coverage|
|||||||||||||||||and attracted
participants
from all|parts of Wales. We|
|||||||||||||||||have
also
successfully
adapted|our
training
for|
|||||||||||||||||visually
impaired
people,
as
part
of our
widening||
|||||||||||||||||access work.||
|~|Engaging|our|previous|||policy||group|||members||||in|At our
AGM
we discussed
how|we
might
engage|
||shaping|our|new||networks|||focussing|||||on|our||members
in
contributing
to our|future
policy
work,|
||priority themes.|||||||||||||||encouraging
other
members
who
may
not
have
engaged
with
us before.
This
is always
a balance||
|||||||||||||||||between
what
debate
needs
to|be convened,
what|
|||||||||||||||||policy/legislation
needs to be influenced,
the expertise||
|||||||||||||||||and resources
with
which
we can support
members'||
|||||||||||||||||participation
and what is fundable.|We will continue to|
|||||||||||||||||seek different
ways
to engage
with
members
while||
|||||||||||||||||being
dear
about
what
is
practicable
from
a||
|||||||||||||||||resourcing
perspective.||
|~|Delivering|against|||our||funded|||policy|||project|||We
delivered
on
schedule
against
all
our funded||
||commitments.|||||||||||||||policy projects.||
|~|Developing
a new media|||||policy||project.||||||||Our new
Media
and
Democracy|Project
will start
in|
|||||||||||||||||April 2022.||
|~|Our training
programme|||||review|||will take place||||||in|We
reviewed
our
training
programme
and
will
be||
||FY2022.|||||||||||||||launching
a new
research
skills|course
in Autumn|
|||||||||||||||||2022.||
|~|Drawing|up a new||Business Plan.||||||||||||We engaged
Richard
Newton
Consulting
to support||
|||||||||||||||||us
in
drawing
up a new
Business
Plan.
This
was||
|||||||||||||||||agreed
by the
IWA Board at the|next
meeting
after|
|||||||||||||||||this reporting
period.||
|~|Implementing|our|new membership|offer.||We successfully
increased
our membership
rates
in|
|---|---|---|---|---|---|---|
|||||||FY2022 with
negligent
drop-out
rates,
and consulted|
|||||||with
our members
as to what
they
considered
most|
|||||||valuable.
Having
undergone
a
significant
CRM|
|||||||upgrade
in September,
we are
now
working
on an|
|||||||updated
membership
offer, which
will be implemented|
|||||||in summer
2022. This
will
include
strengthening
our|
|||||||brand
with new assets and improved
content, not only|
|||||||highlighting
our
impact
but
also
demonstrating
our|
|||||||value
to existing
and
prospective
members.
We are|
|||||||also
working
on an
improved
user
journey
on
our|
|||||||website,
streamlining
our
member
communications|
|||||||further and creating a legacy communications
plan.|
|~|Implementing|our|organisational|Welsh|Language|Our
Welsh
Language
policy
was
approved
by
the|
||policy.|||||Board.|
##
##
##
##
##
|to our new Business
Plan and the cost of moving
our office from Jam
central Cardiff.|to our new Business
Plan and the cost of moving
our office from Jam
central Cardiff.|e|s S|treet|in|Ca|rdiff|Bay t|o ou|r n|ew|h|ub in|sbar|c in|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Reserves policy||||||||||||||||
|The Trustees
have examined
the charity's
requirements
for reserves||in the light of|||||the|main risks||to|its operation.||||We|
|have|reviewed
our reserves
policy
and
established
that
unrestricted|||funds|not||committed||or|invested
should|||||be|
|equivalent
to F70,000 to allow the charity to continue
to operate
in||the||event|of|an unexpected||||drop||in|funding.||Our|
|reserves
policy will continue to be kept under dose review
in 2022/23.||||||||||||||||
|Like many small charities, we continue to work towards
achieving a sustainable|||||financial|||model|that|includes a||||variety of||
|short-|and
medium-term
funding
from
diverse
sources, as well as|core funding.|||||As|at the|balance|||sheet||date|the|
|organisation
had free reserves ofF67,610(2021:f143,154).||||||||||||||||
|PLANS FOR FUTURE PERIODS||||||||||||||||
|Strategy||||||||||||||||
|In line|with our strategy,
planned
work includes:|||||||||||||||
|Providin
an o en
inclusive
and informed
latform for robust debate||||||||||||||||
||Continuing
to seek out a more diverse group ofcontributors
to||our online and print publications,|||||||||seeking||||
||financial
support to achieve this, trialling
different approaches|and||learning||from||them||||||||
||Shaping our events programme
around key medium
to longer-term|||issues||in|relation to Wales'||||democracy|||||
||and economy,
convening
panels
with a mixed ofexperiences|and||viewpoints||||||||||||
||Exploring
how best we can engage more 'lay' audiences
in our||discussions,||||outside the existing|||||public policy||||
||community|||||||||||||||
|Providin
o
ortunities
for
eo le in Wales to increase
their knowled|||e of how decisions are||||||made||and||to make their|||
|voices|heard|||||||||||||||
||Maintaining
and further developing
our highly regarded
training||programme|||||||||||||
||Working
with our members
and partners
to reach and offer training|||bursaiies|||to|under-represented|||||groups|||
||Continuing
to mentor on the Equal Power Equal Voice scheme,||actively||supporting
people to contribute|||||||||to||
||public life in Wales
in a wide variety ofways|||||||||||||||
|Develo|in
and secuiin
commitment
to im
lementin
ideas that can transform||||Wales in|||three|riori|areas||||||
||Delivering
effectively on our current funded commitments|||||||||||||||
||Resourcing
two new multi-year
projects focussed on our policy|priorities|||in relation|||to Wales'||democracy||||and||
||economy|||||||||||||||
|Or||||||||||||||||
||Implementing
our new Business Plan|||||||||||||||
||Updating
our membership
offer|||||||||||||||
||Setting out a plan for becoming
a Net Zero organisation|||||||||||||||
||Supporting
the wellbeing
and professional
development
ofour small|||staff team.||||||||||||
##
##
##
##
##
|Our risk mana|gement
a|ppro|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.|ach
is reviewed
on a regular basis throughout
the year.||
|---|---|---|---|---|---|---|---|---|---|---|
|The Trustees'|Report in|our|FY2021 year end accounts previously
identified
that we would seek to:||||||||
|What we said|||||||||What we did||
|Draw up a new Business|||Plan||and Marketing||Strategy||We
commissioned
Richard
Newton
Consulting|to|
|and
maintain|our budgeted|||income
and||expenditure|||support
the development
of our new
Business|Plan|
|under close|review, adjusting|||our plans accordingly.|||||which
was
subsequently
approved
by
our Board||
||||||||||following
this reporting
period.||
|Review our|risk table|in light||of our experience||||of the|We maintained
our risk table under close review|and|
|existing
and|ongoing|impact|||of coronavirus|||on the|updated
it as part ofour business
planning
process.||
|organisation.|||||||||||
|Consult
carefully
and||take||a|prudent|approach
to|||After 8 years, we left James Street and
moved|to a|
|returning
to|our small|office, likely maintaining||||||a blend|small
hub
in sbarc,
in Cardiff
University's
innovation||
|ofoffice and|home-working.||||||||hub
in central
Cardiff.
As a result,
we reduced|our|
||||||||||costs, and are also able to offer our staff additional|co-|
||||||||||working
space
in a
significantly
improved
working||
||||||||||environment,
with improved
access to technology.|We|
||||||||||work
in a hybrid
manner
and
review
our approach||
||||||||||regularly
with our team.||
##
##
##
||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes||E|F||
|INCOME AND ENDOWMENTS|||FROM||||||
|Donations|and legacies||||191,062||191,062|248,043|
|Charitable|activities||||||||
|General|||||104,902|41,376|146,278|200,820|
|Investment|income||||595||595|859|
|Other income|||||3,000||3,000||
|Total|||||299,559|41,376|340,935|449,722|
|EXPENDITURE ON|||||||||
|Raising funds|||||55,594||55,594|48,325|
|Charitable|activities||||||||
|General|||||313,678|53,326|367,004|321,074|
|Total|||||369,272|53,326|422,598|369,399|
|NET INCOME/(EXPENDITURE)|||||(69,713)|(11,950)|(81,663)|80,323|
|RECONCILIATION||OF FUNDS|||||||
|Total funds|brought forward||||145,805|20,000|165,805|85,482|
|TOTAL FUNDS CARRIED FORWARD|||||76,092|8,050|84,142|165,805|
##
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|fundf|funds|funds|funds
E|
|FIXEDASSETS||||||
|Tangible assets|14|8,482||8,482|2,651|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|15|64,062
83,172|8,050|64,062
91,222|8,311
214.079|
|||147,234|8,050|155,284|222,390|
|CREDITORS||||||
|Amounts
falling due within one year|16|(79,624)||(79,624)|{59,236)|
|NET CURRENT ASSETS||67.610|8,050|75,660|163,154|
|TOTAL ASSETS LESSCURRENT LIABILITIES||76,092|8,050|84,142|165,805|
|NET ASSETS||78,052|8,050|84,142|185,805|
|FUNDS|19|||||
|Unrestricted
funds
Restricted funds||||?6,092
8,050|145,805
~20 000|
|TOTALFUNDS||||84,142|165,805|
##
##
##
##
##
##
##
##
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|3.|DONATIONS
AND LEGACIES||||||||||||
||||||||||2022|||2021|
||||||||||F|||F|
||Donations||||||||2,505|||15,238|
||Gift aid||||||||6,410|||5,947|
||Publications||||||||491|||202|
||Grants||||||||69,424||116,317||
||Subscriptions||||||||102,324||100,431||
||Patrons||||||||9,908|||9,908|
||||||||||191,062||248,043||
||Grants|received,|included||in the above, are||as follows:||||||
||||||||||2022||2021||
||||||||||F||||
||Friends|Provident||Foundation|||||50,000|||50,000|
||The Waterloo Foundation|||||||||||10,000|
||WCVA|Third Sector Resilience Fund for Wales Scheme|||||||19,424|||45,000|
||Job Retention Scheme|||||||||||11,317|
||||||||||69,424||1|16,317|
|4.|INVESTMENT INCOME||||||||||||
||||||||||2022||2021||
||||||||||F|||F|
||Deposit|account|interest||||||595|||859|
|5.|INCOME FROM||CHARITABLE ACTIVITIES||||||||||
||||||||||2022||2021||
||||||||||F|||F|
||Event income||||||||24,479||27,214||
||Training|income|||||||16,502|||4,103|
||Carnegie
UK Trust||||||||17,729||45,275||
||CREW: Centre for||||||||||||
||Regeneration
Excellence||||in||||||||
||Wales||||||||41,192||71,878||
||Grants||||||||41,376||47,500||
||Other income||||||||5,000|||4,850|
||||||||||146,278||200,820||
||Included|in income||from charitable||activities|is the following:||||||
|||an amount ofF17,729 (2021:F45,275) from the Carnegie
Places project.||||||Trust UK towards|the Understanding||Welsh||
|||an amount||ofF41,192(2021:F71,878)from CREW: Centre for Regeneration|||||Excellence|in Wales|||
|||towards the||Foundational||Economy|project.||||||
##
##
##
##
|Grants received,|i|ncluded
in|the above, are a|s follows:||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Books Council of|Wales|||||17,500|17,500|
|Friends Provident||Foundation||||5,000|5,000|
|National
Lottery Communities|||Fund||||10,000|
|Esmee Fairbairn|Foundation||||||15,000|
|Joseph Rowntree||Charitable|Trust|||11,376||
|Friends Provident||Foundation|- Re-energising|Wales||7,500||
|||||||41,376|47,500|
|RAISING FUNDS||||||||
|Raising donations||and legacies||||||
|||||||2022|2021|
|||||||F|F|
|Staff costs||||||47,035|43,542|
|Staff training||||||53|40|
|Direct recruitment||costs||||856||
|Support costs||||||7,647|4,743|
|||||||55,591|48,325|
|Investment
management
costs||||||||
|||||||2022f|2021
f.|
|Interest payable and similar charges||||||||
|Aggregate
amounts||||||55,594|48,325|
|CHARITABLE ACTIVITIES COSTS||||||||
||||||Direct|Support||
||||||Costs (see|costs (see||
||||||note 8)|note 9)|Totals|
||||||E||E|
|General|||||288,002|79,002|367,004|
##
##
##
##
|DIRECT CO|STS|OF CH|ARITA|BLE ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||F|F|
|Staff costs||||||243,013|224,969|
|Event costs||||||153|1,990|
|Training costs||||||1,142|191|
|Direct project|costs|||||37,553|39,040|
|Staff training||||||272|205|
|Direct recruitment||costs||||4,421||
|Depreciation||||||1,448||
|||||||288,002|266,395|
|SUPPORT COSTS||||||||
|||||Raising|Charitable|Governance||
|||||funds|Activities|costs|Totals|
|||||F|F|||
|Raising donations||and legacies||7,647|||7,647|
|General|||||39,525|39,4?7|79,002|
|||||7,647|39,525|39,477|86,649|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||||
|||||||2022|2021|
|||||||F|F|
|Depreciation|-owned assets|||||4,099|356|
|Independent|examination||fee|||2,600|2,448|
|Other fees paid to||independent||examiners||1,067|872|
##
##
##
##
|STAFF CO|STS|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||F||
|Wages and|salaries|||276,173|252,785|
|Social security costs||||23,585|21,659|
|Other pension costs||||13,808|15,838|
|||||313,566|290,282|
|The average
monthly||number ofemployees|during the year was as follows:|||
|||||2022|2021|
|Charitable|activities|||9|8|
##
##
|The number ofem|pl|oyees
who|se employee
benefits|(excluding|employer
pension|costs) exceeded|F60,000was|
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|F70,001 - F80,000||||||1|1|
|The total employee||benefits of|the key management|personnel|ofthe charity were|f92,060(2021:F121,622).||
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||||
||||||Unrestricted|Restricted|Total|
||||||fund|funds|funds|
||||||||F|
|INCOME AND ENDOWMENTS|||FROM|||||
|Donations
and legacies|||||248,043||248,043|
|Charitable
activities||||||||
|General|||||163,320|37,500|200,820|
|Investment
income|||||859||859|
|Total|||||412,222|37,500|449,722|
|EXPENDITURE ON||||||||
|Raising funds|||||48,325||48,325|
|Charitable
activities||||||||
|General|||||303,256|17,818|321,074|
|Total|||||351,581|17,818|369,399|
|NET INCOME|||||60,641|19,682|80,323|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought||forward|||85,164|318|85,482|
|TOTAL FUNDS CARRIED FORWARD|||||145,805|20,000|165,805|
|14.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|---|
||||||Fixtures|||
||||||and|Office||
|||||Website
F|fittings
F|equipment
f|Totals
F|
||COST|||||||
||At 1 April 2021|||9,310|5,520|16,681|31,511|
||Additions|||9,930|||9,930|
||Disposals||||~5,520)|~16,681)|i22,201)|
||At 31 March 2022|||19,240|||19,240|
||DEPRECIATION|||||||
||At 1 April 2021|||9,310|3,144|16,406|28,860|
||Charge for year|||1,448|2,376|275|4,099|
||Eliminated
on disposal||||~5,520)|~16.681)|i22,201)|
||At 31 March 2022|||10,758|||10,758|
||NET BOOK VALUE|||||||
||At 31 March 2022|||8,482|||8,482|
||At 31 March 2021||||2,376|275|2,651|
|15.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||||||
|||||||2022|2021|
|||||||f|f|
||Trade debtors|||||56,279|1,236|
||Prepayments
and accrued||income|||7,783|7,075|
|||||||64,062|8,311|
|16.|CREDITORS: AMOUNTS||FALLING DUE|WITHIN ONE YEAR||||
|||||||2022|2021|
|||||||F|F|
||Other loans (see note 17)|||||6,475|15,000|
||Trade creditors|||||4,104|670|
||Social security and other|taxes||||6,535|4,055|
||VAT|||||9,149|819|
||Other creditors|||||1,609|5,488|
||Accruals and deferred income|||||51,752|33,204|
|||||||79,624|59,236|
##
|||2022
f|2021
f|
|---|---|---|---|
|Amounts|falling due within one year on demand:|||
|Other loans||6,475|15,000|
##
##
|Minimum
lease payments
under non-cancellable
operating|leases fall due as follows:||
|---|---|---|
||2022
f|2021
f|
|Within one year|2,294|5,356|
|Between one and five years|1,899|7,674|
||4,193|13,030|
##
|MOVEMENT
IN F|UNDS|||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1/4/21|in funds
f|31/3/22
f|
|Unrestricted
funds||||||
|General
fund|||145,805|(69,713)|76,092|
|Restricted funds||||||
|Our Land project|||20,000|(20,000)||
|Re-energising
Wales project||||(1,700)|(1,700)|
|Media
in Wales||||9,750|9,750|
||||20,000|~11,950)|8,050|
|TOTAL FUNDS|||165,805|~81,663)|84,142|
|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|||299,559|(369,272)|(69,713)|
|Restricted funds||||||
|'the welsh agenda'|print and online||17,500|(17,500)||
|Our Land project|||5,000|(25,000)|(20,000)|
|Re-energising
Wales project
Media in Wales|||7,500
11,376|(9,200)
~1,626)|(1,700)
9,750|
||||41,376|~53.326|~11,950)|
|TOTAL FUNDS|||340,935|~422,598)|~81,663)|
##
##
##
##
##
##
##
##
##
##