##
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##
##
##
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##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||What|What|we||said|said||||||||What we did|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Working
with
offer training|||our members
and partners
bursaries
to under-represented|||||||||to|reach
groups.||and|We have
not made
as much
progress
as we would
have
liked
in
this
area,
in
part
due
to
budgetary|
|||||||||||||||||constraints,
and will retain this as an ob'ective.|
|Continuing
scheme,|to mentor
on the
actively
supporting||||||||Equal Power
people
to|||Equal Voice
contribute
to||||Our
director
has
continued
to mentor
on
the
Equal
Power
Equal
Voice
scheme
and
we
have
been|
|public life|in|Wales|||in a||wide||variety of||ways.|||||regularly
sought
out
as
a
media
commentator
on|
|||||||||||||||||inte
ri
and ethics in
ublic life.|
|Delivering|||effectively|||||on||our|current|||funded||Despite
staff turnover
which
can affect a small team|
|commitments.||||||||||||||||disproportionately
we have
maintained
the
quality
of|
|||||||||||||||||our out
ut.|
|Resourcing
two
new
multi-year
our policy priorities
in relation to||||||||||projects
focussed
Wales' democracy|||||on
and|Our new JRCT-funded
Media
and
Democracy
project
began
in April 2022. However,
we have
not yet been|
|economy.||||||||||||||||successful
in resourcing
the next stage of our work on|
|||||||||||||||||community
assets
in Wales
and continue
to focus on|
|||||||||||||||||this.|
|Implementing|||our|new||Business||||Plan.||||||We have made significant
progress
in implementing
our|
|||||||||||||||||new Business Plan|
|Updating|our||membership|||||offer.||||||||Following
a
significant
upgrade
to
our
systems
in|
|||||||||||||||||FY2022,
we
continue
to
monitor
and
adapt
our|
|||||||||||||||||membership
offer. We have
updated
the user journey|
|||||||||||||||||on our website, as well as improved
and personalised|
|||||||||||||||||our
membership
communications
(including
welcome|
|||||||||||||||||emails
and
newsletters).
We
have
also
started
the|
|||||||||||||||||process
of
increasing
legacy
fees
(individual
and|
|||||||||||||||||organisational)
and
streamlining
our
direct
debit|
|||||||||||||||||latforms.|
|Setting
out
organisation.|||a|plan||||for|becoming||a||Net|Zero||We have made a start on this by undertaking
Carbon
Literacy training
and will be presenting
our plans to the|
|||||||||||||||||Board in the next re
ortin
riod.|
|Supporting
the wellbeing
ofour small staff team.||||||||and|professional|||development||||We
have
subscribed
to a
wellbeing
package
and
prioritised
training
and support
for our team,
including|
|||||||||||||||||Welsh lessons|
##
##
##
##
##
##
##
##
##
##
|Our risk manag|Our risk manag|ement
a|ement
a|pproach
is reviewe|pproach
is reviewe|pproach
is reviewe|d
on a regula|d
on a regula|r basis throughout
the year.|r basis throughout
the year.|r basis throughout
the year.||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|The Trustees'||Report
in||our FY2022 year|||end accounts||previously
identified
that we would seek to:||||
|||What|we said|||||||What we did|||
|Carry out a skills audit
support
the staff team
new Business
Plan||||of our Board to ensure
it is able to
to deliver against
our strategy
and||||||We completed
the
skills
audit
against
our Business
Plan,
advertised
for specific
skills,
competences
and
experience
accordingly,
and successfully
recruited
and|||
|||||||||||inducted
five new trustees
who|took up their role in|May|
|||||||||||2023.|||
|Complete
the||NCVO Trusted|||Charity|kitemark||process,||We are pleased
that
we were
awarded
the Trusted|||
|to evidence||that|we|are a|responsible||and|well-run||Charity
Level 1 standard
in June 2022.|||
|or anisation|||||||||||||
|Review|our membership
offer|||||||||Following
a significant
upgrade|to our systems
in FY22,||
|||||||||||we
continue
to
monitor
and|adapt
our
membership||
|||||||||||offer.
We
have
updated
the|user
journey
on|our|
|||||||||||website,
as
well as
improved|and
personalised|our|
|||||||||||membership
communications|(including
welcome||
|||||||||||emails
and
newsletters).
We|have
also
started|the|
|||||||||||process
of
increasing
legacy|fees
(individual|and|
|||||||||||organisational)
and
streamlining
our
direct||debit|
|||||||||||latforms.|||
|Focus|on resourcing
additional||||core funding.|||||This remains
a key
priority
for|the organisation.|Core|
|||||||||||costs are included
in
all funding
bids as we seek to|||
|||||||||||future-
roof the or anisation.|||
##
##
##
##
##
##
##
##
||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||fund|funds|funds|funds|
|||||Notes||||F|
|INCOME AND|ENDOWMENTS||FROM||||||
|Donations
and|legacies||||219,561||219,561|191,062|
|Charitable
activities|||||||||
|General|||||95,744|166,153|261,897|146,278|
|Investment
income
Other income|||||1,195||1,195|595
3000|
|Total|||||316,500|166,153|482 653|340,935|
|EXPENDITURE|ON||||||||
|Raising funds|||||53,519||53,519|55,594|
|Charitable
activities|||||||||
|General|||||234,618|110,586|345,204|367,004|
|Total|||||288,137|110,586|398,723|422,598|
|NET INCOME/(EXPENDITURE)
Transfers
between
funds||||19|28,363
~200)|55,567
200|83,930|(81,663)|
|Net movement|in funds||||28,163|55,767|83,930|(81,663)|
|RECONCILIATION||OF FUNDS|||||||
|Total funds brought||forward|||76,092|8,050|84,142|165,805|
|TOTAL FUNDS|CARRIED FORWARD||||104,255|63,817|168,072|84,142|
##
##
|||||2023|2022|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|fundf|funds
f|funds
f|fundsf|
|FIXEDASSETS||||||
|Tangible assets|14|10,657||10,657|8,482|
|CURRENT ASSETS||||||
|Debtors
Cash at bank and in hand|15|21,106
147,593|63,817|21,106
211,410|64,062
91,222|
|||168,699|63,817|232,516|155,284|
|CREDITORS||||||
|Amounts
falling due within one year|16|(75,101)||(75,101)|(79,624)|
|NET CURRENT ASSETS||93598|63,817|157,415|75,660|
|TOTAL ASSETSLESSCURRENT LIABILITIES||104,255|63,817|168,072|84,142|
|NET ASSETS||104,255|63,817|168,072|84,142|
|FUNDS|19|||||
|Unrestricted
funds
Restricted funds||||104,255
63817|76,092
8 050|
|TOTAL FUNDS||||168,072|84,142|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2023|2022|
|---|---|---|---|---|---|---|
|Donations|||||2,850|2,505|
|Gift aid|||||5,649|6,410|
|Publications|||||328|491|
|Grants|||||107,952|69,424|
|Subscriptions|||||96,574|102,324|
|Patrons|||||6,208|9,908|
||||||219561|191,062|
|Grants received,|included|in|the|above, are as follows:|||
||||||2023|2022|
||||||f|f.|
|Friends Provident|Foundation||||50,000|50,000|
|The Waterloo Foundation|||||45,000||
|WCVA Third Sector Resilience
Fund for Wales Scheme
Joseph Rowntree
Charitable
Trust - cost of living support|||||12952|19,424|
||||||107,952|69,424|
|INVESTMENT INCOME|||||||
||||||2023|2022|
||||||F||
|Deposit account|interest||||1 195|595|
##
##
|INCOME FR|OM CHARIT|ABLE ACTIVITIES|||
|---|---|---|---|---|
||||2023|2022|
||||F|F|
|Event income|||38,547|24,479|
|Training
income|||23,581|16,502|
|Carnegie
UK|Trust||5,869|17,729|
|CREW: Centre for|||||
|Regeneration|Excellence|in|||
|Wales||||41,192|
|Grants|||166,153|41,376|
|Other income|||1,700|5,000|
|Collaboration|-Wales||||
|Innovation
Network|||12,125||
|Consultancy|||13,922||
||||261,867|146278|
##
|Grants received,|included
in t|he above, are a|s follows:||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||||||||F||
|Books Council of|Wales: 'the|welsh agenda'|||||17,500|17,500|
|Friends Provident|Foundation|||||||5,000|
|Joseph Rowntree
Charitable
Trust: Media
in
Friends Provident
Foundation
- Re-energising
The Legal Education
Foundation:
Fostering
Wales' ongoing
constitutional
discussion|||Wales project
Wales
understanding||and participation|in|68,018
1,500
63,000|11,376
7,500|
|Books Council of|Wales: New|Audiences
(Journalism)||Fund|||14,135||
|Books Council of|Wales: Magazine
Diversity||Fund||||2 000||
||||||||166,153|41 376|
##
##
##
##
##
##
|Raising donations|Raising donations|Raising donations|and legacies||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||F||
|Staff costs|||||46,784|47,035|
|Staff training|||||228|53|
|Direct recruitment|||costs|||856|
|Support costs|||||6,507|7,647|
||||||53,519|55,591|
|Investment|management
costs||||||
||||||2023
F|2022f|
|Interest payable||and similar charges||||3|
|Aggregate
amounts|||||53,519|55,594|
|CHARITABLE ACTIVITIES COSTS|||||||
|||||Direct|Support||
|||||Costs (see|costs (see||
|||||note 8)|note 9)|Totals|
|||||F|F|P|
|General||||285,830|59,374|345,204|
|DIRECT COSTS||OF CHARITABLE ACTIVITIES|||||
||||||2023|2022|
||||||F|F|
|Staff costs|||||241,714|243,013|
|Event costs|||||2,731|153|
|Training costs|||||823|1,142|
|Direct project|costs||||37,040|37,553|
|Staff training|||||1,039|272|
|Direct recruitment||costs||||4,421|
|Depreciation|||||2,483|1,448|
||||||285,830|288,002|
##
##
##
|SUPPORT|COST|S||||||
|---|---|---|---|---|---|---|---|
|||||Raising|Charitable|Governance||
|||||funds|Activities|costs|Totals|
|||||F|||F|
|Raising donations||and legacies||6,507|||6,507|
|General|||||29,864|29,510|59,374|
|||||6,507|29,864|29,510|65,881|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||||
|||||||2023|2022|
||||||||F|
|Depreciation
-owned assets
Independent
examination
fee
Other fees paid to independent||||examiners||3,295
2,700
791|4,099
2,600
1,067|
##
##
##
##
|anticipate
covering tr
STAFF COSTS|ustee|travel expenses|in the|next financial|year.|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||F|F|
|Wages and salaries
Social security costs||||||274,730
24,108|276,173
23,585|
|Other pension costs||||||13,052|13,808|
|||||||311,690|313566|
|The average
monthly|number ofemployees||during|the year was|as follows:|||
|||||||2023|2022|
|Charitable
activities||||||8|9|
|The number ofemployees||whose employee|benefits (excluding||employer|pension costs) exceeded|F60,000was:|
|||||||2023|2022|
|F70,001 - F80,000|||||||1|
|F80,001 - 690,000||||||||
##
##
##
||||Unrestricted|Restncted|Restncted|Total|
|---|---|---|---|---|---|---|
||||fund|funds||funds|
||||F||F|F|
|INCOME AND ENDOWMENTS||FROM|||||
|Donations
and legacies|||191,062|||191,062|
|Charitable
activities|||||||
|General|||104,902|41,376||146,278|
|Investment
income|||595|||595|
|Other income|||3,000|||3,000|
|Total|||299,559|41,376||340,935|
|EXPENDITURE ON|||||||
|Raising funds|||55,594|||55,594|
|Charitable
activities|||||||
|General|||313,678|53,326||367,004|
|Total|||369,272|53,326||422,598|
|NET INCOME/(EXPENDITURE)|||(69,713)|(11,950)||(81,663)|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought|forward||145,805|20,000||165,805|
|TOTAL FUNDS CARRIED FORWARD|||76,062||8,050|64,142|
|TANGIBLE FIXEDASSETS|||||||
|||||Office|||
||||Website|equipment||Totals|
||||F|F||E|
|COST|||||||
|At 1 April 2022|||19,240|||19,240|
|Additions||||5,470||5,470|
|At 31 March 2023|||19,240|5|470|24,710|
|DEPRECIATION|||||||
|At 1 April 2022|||10,758|||10,758|
|Charge for year|||2,483||812|3295|
|At 31 March 2023|||13,241||812|14,053|
|NET BOOK VALUE|||||||
|At 31 March 2023|||5,999|4,658||10,657|
|At 31 March 2022|||8,482|||8,482|
##
##
|15.|DEBTORS:A|MOUNT|S||FALLING|FALLING|DUE WITHIN ONE YEAR|DUE WITHIN ONE YEAR|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2023|2022|
|||||||||||||F|
||Trade debtors||||||||||16,029|56,279|
||Prepayments|and accrued||||income|||||5,077|7,783|
||||||||||||21,106|64,062|
|16.|CREDITORS:|AMOUNTS||||FALLING||DUE WITHIN ONE YEAR|||||
||||||||||||2023|2022|
||||||||||||F|f|
||Other loans (see note
Trade creditors||17)||||||||3,005|6,475
4,104|
||Social security|and other|||taxes||||||7,034|6,535|
||VAT||||||||||4,294|9,149|
||Other creditors||||||||||1,523|1,609|
||Accruals and deferred||income||||||||59,245|51,752|
||||||||||||75 101|79624|
||Included
within|accruals||and deferred||||income is the following|deferred|income:|||
||||||||||||2023|2022|
||||||||||||E|E|
||Deferred income brought||||forward||||||45,387|15,971|
||Released to Statement|||of||Financial|Activities||||(25,387)|(15,971)|
||Additional
income deferred||||||||||36,545|45,387|
||||||||||||56,545|45,367|
|17.|LOANS||||||||||||
||An analysis of|the maturity||||of loans|is|given below:|||||
||||||||||||2023|2022|
||||||||||||F|F|
||Amounts
falling due within|||||one year|on demand:||||||
||Other loans|||||||||||6,475|
|18.|LEASING AGREEMENTS||||||||||||
||||2023|2022|
|---|---|---|---|---|
|||||F|
|Within one year||||2,294|
|Between one and five years||||1,899|
|||||4,193|
|The total lease payments|recognised as an expense|in the year was|E2,550(2022:F6,915).||
##
##
|MOVEMENT
IN FUNDS||||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/22|in funds|funds|31/3/23|
|||||F||F||
|Unrestricted
funds||||||||
|General
fund||||76,092|28,363|(200)|104,255|
|Restricted funds||||||||
|Re-energising
Wales project||||(1,700)|1,500|200||
|Media
in Wales||||9,750|(3,952)||5,798|
|Fostering
understanding|and|participation||in||||
|Wales' ongoing
constitutional||discussion|||54,796||54,796|
|New Audiences
(Journalism)||Fund|||3,223||3,223|
|||||~8050|55567|200|63817|
|TOTAL FUNDS||||84,142|83,930||168072|
|Net movement
in funds,|included||in the above are as follows:|||||
||||||Incoming|Resources|Movement|
||||||resources|expended|in funds|
||||||F|F|E|
|Unrestricted
funds||||||||
|General
fund|||||316,500|(288,137)|28,363|
|Restricted funds||||||||
|'the welsh agenda'
print|and|online|||17,500|(17,500)||
|Re-energising
Wales project|||||1,500||1,500|
|Media
in Wales
Fostering
understanding|and|participation||in|68,018|(71,970)|(3,952)|
|Wales' ongoing
constitutional||discussion|||63,000|(8,204)|54,796|
|New Audiences
(Journalism)
Magazine
Diversity
fund||Fund|||14,135
2,000|(10,912)
~2,000)|3,223|
||||||166,153|~110,586|55,567|
|TOTAL FUNDS|||||482,653|l386,223)|83,930|
##
##
|Comparatives
for|movemen|t
in fun|ds||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1/4/21|in funds|31/3/22|
|||||f||f|
|Unrestricted
funds|||||||
|General
fund||||145,605|(69,713)|76,092|
|Restricted funds|||||||
|Our Land project
Re-energising
Wales project
Media
in Wales||||20,000|(20,000)
(1,700)
9,750|(1,700)
9,750|
|||||20,000|~11,950|8,050|
|TOTAL FUNDS||||165,805|~81 663)|84 142|
|Comparative
net movement||in funds,|included|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
Re-energising
Wales project
Media
in Wales||||5,000
7,500
11,376|(25,000)
(9,200)
~1,626)|(20,000)
(1,700)
9 750|
|||||41,376|~53,326)|~11,950)|
|TOTAL FUNDS||||340935|)422,598)|~81 663)|
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||||F|F|
|INCOME AND ENDOWMENTS||||||||
|Donations
and|legacies|||||||
|Donations||||||2,850|2,505|
|Gift aid
Publications||||||5,649
328|6,410
491|
|Grants
Subscriptions||||||107,952
96,574|69,424
102,324|
|Patrons||||||6206|9,908|
|||||||219,561|191,062|
|Investment
income||||||||
|Deposit account|interest|||||1,195|595|
|Charitable
activities||||||||
|Event income||||||38,547|24,479|
|Training
income||||||23,581|16,502|
|Carnegie
UK Trust
CREW: Centre for||Regeneration||Excellence|in|5,869|17,729|
|Wales|||||||41,192|
|Grants||||||166,153|41,376|
|Other income||||||1,700|5,000|
|Collaboration
-Wales Innovation||||Network||12,125||
|Consultancy||||||13,922||
|||||||261,897|146,278|
|Other income||||||||
|Other income|||||||3,000|
|Total incoming|resources|||||482,653|340,935|
|EXPENDITURE||||||||
|Raising donations||and legacies||||||
|Wages
Social security
Pensions||||||41,210
3,616
1,958|41,426
3,538
2,071|
|Staff training||||||228|53|
|Direct recruitment||costs|||||856|
|||||||47,012|47,944|
|Investment
management|||costs|||||
|Bank interest||||||||
|Charitable
activities||||||||
|Wages||||||212,915|214,034|
|Carried forward||||||212,915|214,034|
##
##
|||2023|2022|
|---|---|---|---|
|||F|F|
|Charitable
activities||||
|Brought forward
Social security
Pensions
Event costs||212,915
18,684
10,115
2,731|214,034
18,278
10,701
153|
|Training costs
Direct project costs
Staff training
Direct recruitment
costs||823
37,040
1,039|1,142
37,553
272
4,421|
|Depreciation
ofwebsite||2 483|1 448|
|||285,830|288,002|
|Support costs||||
|Raising funds||||
|Establishment
costs
Office expenses
Travel &subsistence||1,223
2,181
482|1,367
5,260
150|
|Marketing||364|135|
|Legal &professional
Bank charges||1,720
415|5
332|
|Fixtures and fittings||122|398|
|||6,507|7,647|
|Charitable
Activities||||
|Recruitment
costs||2,550||
|Establishment
costs
Office expenses
Travel and subsistence||6,318
11,271
2,488|7,062
27,178
776|
|Marketing||1,883|698|
|Legal and professional
Bank charges
Fixtures and fittings
Bank interest||2,774
1,890
690|27
1,717
2,054
13|
|||29,864|39,525|
|Governance costs||||
|Wages
Social security
Pensions||20,605
1,808
979|20,713
1,769
1,036|
|Establishment
costs||611|683|
|Office expenses
Travel and subsistence||1,091
241|2,630
75|
|Marketing||182|68|
|Legal and professional
Bank charges|costs|502|8,016
166|
|Independent
examiner fees
Staff training||3,491|3,667
26|
|Direct recruitment
costs|||428|
|Carried forward||29,510|39,277|
##
||2023|2022|
|---|---|---|
|||F|
|Governance costs|||
|Brought forward
Fixtures and fittings|29,510|39,277
199|
|Bank interest||1|
||29,510|39,477|
|Total resources expended|398,723|422,598|
|Net income/(expenditure)|83,830|~81,663)|