Charity registration number 1082058
Company registration number 04011164 (England and Wales)
KEEP WALES TIDY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

KEEP WALES TIDY
CONTENTS
Page
Trustees, report
Statement of trustees. responsibilities
Independent auditorfs report
10-12
Statement of financial activities
13
Balance sheet
14
statement of cash flows
15
Notes to the financial statements
16-30

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their annual report and financial statements for the year ended 31 March 2024.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the company's goveming document, the Companies Act 2006 and "Accounting
and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)"
(effective 1 January 2019).
Objectives and activities
In accordance with the Memorandum of Assoaation. the objects for which the Company is established are..
The protection, preseNation, and enhancement of the environments of town and country in Wales, for the
general benefit of the Welsh nation at large.
The education of all sectors of the Community and the promotion of awareness of the ways in which the
environment is at risk, and of ways in which this can be minimised so that the use of sustainable waste
management praCtI￿S may be encouraged.
At Keep Wales Tidy we..
Take action to make a positive difference.
Put people at the heart of everything we do.
Protect our environment for now and for the fLrture.
Our vision is "a beautiful Wales cared for and enjoyed by everyone" To bring about our vision and to spell out what
it means in practical terms, we think that a beautiful Wales=
Consists of responsible communities and businesses that enjoy a clean and attractive urban, rural, and coastal
environment.
Recognises that environmental education is at the centre of achieving the IAÈles we want and where future
generations appreciate the value of our natural environment and wildlife.
Benefits from a ne￿Ork of accessible, high-quality green and blue spaces -such as parks, footpaths, nature
reserves, rivers, canals, lakes, and beaches-which are available for everyone to enjoy.
Public Benefit
Keep Wales Tidy works to achieve "A beaLrtiful Vwdles, cared for and enjoyed by everyone."
We believe all the people of Wales and its visitors benefit from a cleaner and greener country. This includes fewer
places blighted by litter, fly-tipping, unauthorised graffiti, and dog-fouling, together with better access to the
countryside, improved biodiversity and more community and green spaces.
Keep Wdles Tidy welcomes participation from people across Wdles and we do not discriminate or restrict access to
our work. We celebrate diversity and are committed to continuing to create an inclusive environment for all.
Our Values
We continue to work by and weave our values into everything we do. Decision-making procedures, company
policies, and staff reflection meetings are some examples of how we reflect our values through our work.
Passionate - Proud to care for Wales and our communities.
Together- Strength in partnership.
Bold - Ready to challenge and innovate.
Inspiring - Supporting people to be the change.
Responsible- Always considering the impact of our Y￿rk.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achievements and performance
Overview of the Year- 2023124
2023-2024 has been a period of considerable progress across all Keep Wales Tidy's programmes. We
are delighted to have seen many projects grow in both scale and impact this year, thanks to increased
support from existing funders and the introdudion of several new funding streams.
To meet the rising demand for our services, we have increased our headcount, including the creation of
a small number of new managerial roles to ensure efficient operational delivery, while maintaining our
regional organisational structure. Our commitment to a local, community-focused approach continues,
now bolstered by an expanded offi￿r ne￿ork.
In response to findings in our most recent Investors in People Award. where we retained our gold
standard, we invested in a range of training and well-being initiatives for our staff. This achievement not
only reflects our commitment to creating a positive work environment but also plays a crucial role in
attracting and retaining talented individuals who are passionate about our mission. Being a great place
to work ensures that we continue to draw in the best people to help us achieve our goals, and we were
delighted to be noted as the 51h best Not for Profit to work for {UK-wide) in a re￿nt Best Companies
poll.
As in previous years, we remain committed to ensuring a balanced mix of restricted and unrestricted
funding to support our activities, and we wll continue to explore the development of new commercial
income streams to reduce our dependence on restricted grant fvnding in future.
Delivering against our Strategic Plan 2022-2030 - Beautiful Wales
Our strategy for the decade, Beautifijl Vwdles, remains an ambitious and relevant one.
To realise the aims it sets out. Keep Wales Tidy works collaboratively with government, public bodies,
schools, and local communities to take positive sustainable actions. with long-term benefits for our
health, well-being, and natural environment.
As outlined in that strategy. Keep Wales Tidls work can be categorised into 4 pillars, namely
'Eradicating Litter and Waste,, 'Empowering Young People,. 'Creating and Restoring Green Spaces,.
and 'Setting Standards for Environmental Sustainability,. The following section highlights how we
performed against those pillars over the course of this year-
Eradicating Litter and Waste
In 2023124, 28,833 volunteers spent 70.272 hours supporting our Local Environmental Quality work,
making use of our Caru Cymru litter pickings hubs. litter-free zones, and litter champion programme to do
so.
Litter Picking Hubs: This year. there were 236 active litter picking hubs across Wales. These
hubs, where we lend volunteers kit free of charge. have become focal points for community action,
supporting the work of 5,836 volunteers (a 3x increase on the previous year), all making a
meaningful contribution towards ensuring deaner public spa￿S for Welsh communities.
Litter Free Zones.. The number of organisations signed up as Litter Free Zones (both schools and
businesses) increased to 412, with 3,129 volunteers making use of them throughout the year. This
remarkable growth stands out as a near-doubling in engagement compared to previous years
Policy: We continue to work closely with the Welsh Govemment to inform their LEQ (Local
Environment Quality) policy work, with Extended Producer Responsibility IEPR) payments and the
revision of the Code of practi￿ on Litter and Refuse {COPLARI being priorities this year. We also
engaged in relevant consultations with stakeholders across the UK, advocating for policies that
further our charitable aims, such as the ban on single use plastics and emerging concerns around
single use vapes.
Campaigns: Our 'Make Memortes Not Mess. campaign was refreshed during the year, delivering
a comprehensive package of digital media and outdoor advertising throughout August. The
campaign raised awareness of tourism-linked-litter and encouraged the public to enjoy natural
spaces responsibly.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
We also worf(ed dosely with Hubbub, Ellipsis Earth, and local authority partners to deliver an
innovative, Al-enabled roadside litter campaign in Cardiff and the Vale of Glamorgan which led to a
reduction of 230kn in littering inStsn￿$ locally.
Empowering Young People
Young people, and providing them with the skills, experience, and knowledge they need to become
future climate leaders, are central to Keep Wales Tidy's mission.
This commitment is exemplified by our Youth Board. a panel of 1etr25-year-olds who help shape our
work by contributing their lived experien￿, ideas, and constructive challenges at quarterly meelings. It
is a vital part of our governan￿ process and ensures that the voices of future generations inform our
decision-making processes.
The YoLrth Board operates under a mission statement defined by its members.. °Empowering young
leaders to build a more beautiful Wales through bold action and diverse voices..
In addition. our Eco-schools Wales programme worked with over 1.100 schools during the year.
which includes more than 900kn of primary schools.
Eco-schools is designed to empower and inspire young people to make positive environmental
changes to their school and wder community. while building on their skills, including numeracy and
literacy, and encompassing Education for Suslainable Development and Global Citizenship.
In Wales in 2023124, 112 schools advanced to higher award levels, with 87 Platinum Eco-schools
participating in National Eco Committee events.
Creating and Restoring Green Spaces
Accessible green spaces provide a haven for people and nature. improve health and well-being, and
protect Biodiversity. Through our conservation work we..
Engage local communities. organisations. the public sector, and schools to create biodiverse,
pollinator spaces and community food growng opportunities across Wales.
Support communities to improve nature on their doorsteps by creating new community gardens
across Wales.
Focus activities in deprived. urban. and peri-urban area. that suffer from a lack of accessible
green space.
Tailor our programmes to ensure they are fully indusive and prioritise the people who need
them most.
Local Places for Nature. funded by Vlelsh Govemment. is our flagship green spaces programme, where
we provide and install pre-paid community gardens that support nature and enhance biodiversity within
local
communities,
particularly
those
within
urban
and
peri-urban
areas:
In 2023124. we approved and installed 286 garden packages. providing tools, equipment, and
support to communities across Wales.
The feedback from recipients has been overwhelmingly positive, most highlighting the project's
success in improving local biodiversity. participant mental health, and community cohesion.
Some of these sites have also gone on to receive Green Flag for Parks community awards,
highlighting the exceptional efforts made by volunteers to care for and enhance these sites
once installed.
We were also successful in securing development funding from the National Lottery Heritage Fund for a
new 'Urban Long Forest, project. building on our previous experience with the Long Forest initiative. The
project aims to raise awareness and involve urban communities in looking after hedgerows and ancient
trees, and we will be working in partnership with Coed Cadw, Adult Learning Wales, Llais y Goedwig and
local authorities to further develop the project over the next financial year.
Setting Standards for Environmental Sustainability
Ensuring environmental quality sits at the core of Keep INales Tidy's purpose.
In 2023124, a record 280 Green Flag for Parks Awards were awarded in Wales, with 180 of
those being Community Green Flag Awards,. these are awarded to community Sltes that are
maintained and run by volunteers.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
In addition to the 25 Full Blue Flag avRrds awarded in 2023124, 14 beaches in Wales were
also awarded the Green Coast Awards which recognizes 'hidden gems, along the Welsh
coastline.
A total of 12 beaches achieved the Seaside Award for the standard of their facilities and water
quality with three new sites at Llantsvit Major. Penarth. and Souihemdown.
In future years we will continue to manage and grow participation in award programmes which drive
environmental excellence. We will also continue to work with the Welsh Government and local
authorities to ensure that these standards are recognised as key performance indicators.
Furthermore, The Tidy Wales Awards continue to play a vital role in recognising and celebrating the
eX￿ptIOnal efforts of volunteers and communities across Wales in maintaining high environmental
standards. This year's event was held at the Royal Welsh College of Music and Drama, and we were
delighted to be joined by over 100 incredible Change makers at the event, as well as our ambassadors,
sponsors, and partners.
Foundation for Environmental Education (FEE) Membership
As a proud member of the Foundation for Environmental Education (FEE), Keep Wales Tidy holds the exclusive
rights to deliver several of their prestigious environmental programmes in Wales. induding Eco-schools, Blue Flag
for beaches, and Green Key.
Our partnership wth FEE not only enhances the qualty and reach of our programmes but also aligns us with global
efforts to promote environmental education and sustainable practices. Through this membership, we collaborate
th global partners on a range of relevant issues, contributs-ng to global change and ensuring that Wales remains at
the forefront of environmental sustainability initiatives.
Measurement and Evaluation
We are committed to measuring the impact of our initiatives and tracking progress towards our objectives. We do
this through a range of primary and secondary research, induding our annual LEAMS activity, continuous project
evaluation, surveys, and the collection of volunteer data through our bespoke e-count Cymru platform.
These insights directly inform our operational and policy priorities, including our work on EPR and DRS (Deposit
Returns Scheme).
We also use a range of visualisation platforms to highlight the impact of our projects, including Openstreetmap.
These maps are hosted on our website on the relevant project pages.
Local Places for Nature - htt s'.Iluma
enstreetma
.frlenlma
Ilocal- laces-for-nature 450995
Eco Schools - htt s'.Ilkee
walestid
mruleco-schoolsniow-it-workslour-schoolsl
Green Flag for Parks- htt s:Ilkee
walestid
mrulour-worklawardsl
reen-fla
arksl
CoastAwards- htt s.Ilkee
walestid
mrulour-worklawardslwales-coast-awardsl
Litter Picking Hubs- htt s.'Ilkee
walestid
mrulcaru-
mrullitter-
ickin
-hubs1
Litter Free Zones- htt s.'Ilkee
walests'd
mrulcaru.c
mrullitter-free-zonesl
We are currently developing a public platfomi which y￿11 enable extemal partners to explore this and other volunteer
data through a centralised interactive map - htt s'.Ilkee
walestid
mrulim
Financial Performance
Our financial position remains stable. supported by positive cash flow management and a number of successful
grant funding applications. We have continued to manage our resources efficiently, ensuring that we can sustain our
activities and expand our impact. Notable financial highlights indude..
Grants and Funding.. We secured funding from the Shared Prosperity Fund and various trusts and
foundations, enabling the continuation and expansion of key programmes. This financial support has been
vital in maintaining our operations and developing new initiatives.
Unrestricted Reserves.. Efforts are ongoing to build up our unrestricted reserves, which have been
reduced in recent years. These reserves are crucial for our long-term sustainability, providing a buffer
against future uncertainties and enabling us to invest in growth opportunities.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Looking Ahead
As we move into the next finanaal year, our focus wll remain on expanding our reach and impact. Key areas of
focus will include..
Educational Programmes Expansion" We plan to expand our educational programmes to reach more
schools and young people, particularfy those in secondary schools. In expanding our reach to secondary
schools, we aim to ensure continuity of environmental education from eady learning to lifelong habits. This
'lust to dust, approach ensures that young people carry fomard the lessons learned about sustainability,
reinforcing positive behaviours as they grow.
Financial Stability.. Ensuring continued financial slability and building our unrestricted reserves will be key
priorities. We will seek diverse funding sources and implement prudent financial management practices to
support our long-term growth and sustainability.
Conclusion
We are proud of the progress made in 2023-2024 and remain committed to our mission of keeping Wales
tidy. The achievements outlined in this report would not have been possible without the hard work and
dedication of our staff, volunteers, and partners.
We extend our heartfelt thanks to everyone involved and look forward to another year of positive impact.
Our continued success relies on the collective efft)rts of our community, and we are excited to build on this
year's accomplishments to fijrther enhance the environmental quality and well-being of Wales.
Financial review
There has been a breadth and depth of grant funding this year supporting many areas of our work including
nature, litter and waste, policy, and education. We have also benefited from a healthy unrestricted
commercial revenue stream. Unrestricted funds increased by £131,815 during the year.
The investment was changed from the Amity Balan￿d fund in October 2023 due to its closure. Overall,
there was a small loss in the value of the investment of £13,340. The Board has set up a new financial
reserves policy 'task and finish, group reporting to the audit and risk committee and Board. The group will
look at relevant policies and investments, working wilh extemal professional advisors wherever necessary.
Towards the end of quarter 4, the charity relocated offices to a managed service site. This will mean
significant savings on such costs in 2024125 and offering stsff a more pleasant working environment.
We continue to hold a strong balance sheet position wth total assets (less liabilities} of more than £2m
(including the £1.3m investment).
Future risks continue to be the lack of long-temi fvture guaranteed income. During the year, work has
progressed on the previously identified Commercial approach. It is seen as prudent to identify this as a risk
and a potential benefit.
Investment and Reserves Policy
The Board of Trustees considers the Resenies Policy for Keep V*dles Tidy annually.
The current policy is that the Company should maintain an unrestricted reserve sufficient to fund three
months, working capital wth any remaining unreslricted reserve to be used to cover ongoing company
liabilities. The designated reseNe for working capital on 31 March 2024 was £750,000.
The Trustees have also identified a requirement for a reserve to invest in areas where there is the potential
to develop revenue-eaming activities andlor diversify income Sour￿$. The designated reseNe for strategic
business development on 31 March 2024 was £300,000.
Structure, governance and management
Governing document
Keep Wales Tidy is incorporated as a private company limited by guarantee and govemed by Articles of
Association last amended by a special resolution of the Board of Trustees on 21 st February 2024.
From 1972 to 31 May 2000, the Organisation operated as part of the Keep Britain Tidy Campaign. From 1
April 2000 to 23 September 2007. the organisation operated under the name of Environmental Campaigns
Cymru. A special resolution changed the name to Keep Wdles Tidy on 24 September 2007.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Recruitment and appointment of new trustees
The Articles of Association provide for between three and 14 Trustees. who are the Directors of the
Company. Trustees serve for a maximum term of three years but may be appointed to serve for two further
terms of not more than three years each. Appointment is by election at the Annual General Meeting during
September each year.
Before inviting nominations, the Trustees review their skills to try to attract members with relevant
experience and other skills to the Board. The Chair and Executive offi￿rS are appointed by the Trustees
from among their number. Each nevly appointed Trustee completes a Declaration of Interest, which is
reviewed annually thereafter.
Induction and training of newtrustees
An induction pack is issued to new trustees which includes the Memorandum and Articles of Association,
Charity Commission leaflet CC3 (The Essential Trustee), a detailed description of the Structure,
Organisation and Staffing of the Company, and details of the Company's Professional Advisors.
Trustees are encouraged to attend relevant training courses to develop their skills and trustee training is
provided by professional advisors.
Organisational structure
The Board convenes at least four times each year and holds an additional strategic planningltraining day.
The Trustees have delegated management of the organisation to the Chief Executive, who reports on
perfom)ance against Strategic and Operational inilialives approved by the Trustees.
An Audit Committee consisting of the Chair of Audit. Treasurer. and other serving Trustees meets four times
a year to oversee risk management. intemal and extemal audit procedures. and the general management
practices of the organisation.
The Board also makes use of other sutrFcommittees. established to address specific priority areas. These
include the Remuneration Committee, Policy Committee. and the Commercial Committee.
There are also several staff-led operational committees, to which trustees are invited to attend and
contribute. These indude Keep Wales Tidy's Net Zero Group, EDI Group, Staff Consultation and Wellbeing
Groups.
The Chief Executive has resF)onsibility for planning, developing, and implementing the services and
strategies for Keep Wales Tidy within clear policies and protocols set by the Trustees. He ensures that the
appropriate staff team is recruited and supported to provide the skills and expertise needed to run a
successful organisation and that the values of Keep Wales Tidy are upheld.
The Business Services Director, who is also the Company Secretary, has operational responsibility for
Finance and Human Resources and reports via the Treasurer and Audit Committee on the financial position
of the organisation. Management accounts are prepared quarterly for the Board and the management
team.
Risk management
On a bi-annual basis, the Trustees review an assessment of the risks to which the Charity is exposed,
including Business, Financial, Operational, and Health & Safety risks. PrO￿dureS and reporting regimes
have been introduced to manage and redu￿ identified potential risks. Trustees have agreed on clear lines
of delegation and authority to staff and have involved staff in the recognition of risk in all their activities.
A 'deep dive. session takes place at each Board meeting into a key area to ensure that Trustees have a
thorough understanding of the charity's projects, and the proactive management of potential risks. This
year's deep dive sessions included commercial activity. local places for nature, and extended producer
responsibility.
The key risk identified for 2023124 is fvture funding from 2025 onwards. The Board continues to review and
update the risk register and all existing and potential new risks.
Vvhilst the charity's financial investment. approach to equality. diversity and inclusion and failure of
suppliers to deliver are noted as having the potential for significant impact on the charity, the Board believe
that each of these risks is regularly reviewed. and action is taken to mitigate the level of the risk.

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Reference and administrative details
Registered Company number
04011164 {England and Wales)
Registered Charity number
1082058
Registered office
Spark
Maindy road
Cardiff
Wales CF24 4HQ
Trustees and Directors
Mr. A Stumpf - Chair
Ms. Lesley Babb
Mr. Essex Havard
Ms. Gwenan Jenkins-Jones
Mr. Mike Lesson
Ms. Rebekah Stone
Mr. Stephen Williams
Ms.Kay Zdzieblo
Dr. Michelle Webber- resigned 1511112023
Ms Ceri Davies- appointed 271912023
Mr Lloyd Harris - appointed 271912023
Mr David King MBE - appointed 271912023
Ms Luisa Pastore- appointed 271912023
Ms Alana Wn Smith - appointed 271912023
Company Secretary
Mrs. Phillipa McGrath
Auditors
Azets Audit se￿ices
Ty Derw, Lime Tree Court
Cardiff Gate Business Park
Cardiff
CF23 8AB
Bankers
Cooperative Bank PIC
PO Box 101
1 Balloon Street
Manchester
M60 4EP
Solicitors
Geldards LLP
4 Capital Quarter
Tyndall Street
Cardiff
CF10 4BZ

KEEP WALES TIDY
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investment Managers
Edentree Investment Management
24 Monument Street
London
EC3R 8AJ
Key Management Personnel: Senior Management Team
Chief ExecLrtive'.
Owen Derbeyshire
Business Services Director
Philippa McGrath
Operations Director
Louise Tambini
Marketing Director
Joanna Golley
Auditor
In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as
auditor of the company will be put at a General Meeting.
The trustees, report was approved by the Board of Trustees.
A Stumpf
Trustee
26 September 2024

KEEP WALES TIDY
STATEMENT OF TRUSTEES. RESPONSIBILITIES
FOR THE YEAR ENDED 31 MARCH 2024
The trustees, who are also the directors of Keep IAÈles Tidy for the purpose of company law, are responsible for
preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿}.
Company Law requires the trustees to prepare financial ststements for each financial year which give a true and fair
view of the state of affairs of the company and of the incoming resou￿$ and application of resources, including the
income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to=
select suitable accounting policies and then apply them consistently-
obseNe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed. subject to any material departures
disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
company will conlinue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at
any time the financial position of the company and enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on
the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial
statements may differ from legislation in other jurisdictions.

KEEP WALES TIDY
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEES OF KEEP WALES TIDY
Opinion
We have audited the financial statements of Keep Wales Tidy {the 'company'l for the year ended 31 March 2024
which comprise the statement of financial activities. the balance sheet. the statement of cash flows and notes to the
financial statements, including significant accounting policies. The financial reporting framework that has been
applied in their preparation is applicable law and United Kingdom Accounting Standards, induding Financial
Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United
Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its
incoming resources and application of resources. for the year then ended..
have been properfy prepared in accordance with United Kingdom Generally Accepted Accounting Practice:
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS IUK)} and applicable
law. Our responsibilities under those standards are further described in the Auditorfs responsibilities ft)r the audit of
the financial statements section of our report. We are independent of the company in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is suffiaent and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going
concem for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees wth respect to going concern are described in the
relevant sections of this report.
Other information
The other information comprises the infomiation included in the annual report other than the financial statements
and our auditor's report thereon. The trustees are responsible for the other infomiation contained within the annual
report. Our opinion on the financial statements does not cover the other infomiation and we do not express any form
of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider
whether the other information is materially inconsistent wth the financial statements or our knowledge obtained in
the course of the audit, or otherwise appears to be materially misststed. If we identify such material inconsistencies
or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement
in the financial statements themselves. If, based on the work we have performed. we conclude that there is a
material misststement of this other infomiation, we are required to report that fact.
We have nothing to report in this regard.
Matters on which we are reqUI￿d to ￿port by exception
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and
Reports} Regulations 2008 require us to report to you if, in our opinion=
the information given in the financial statements is inconsistent in any material respect with the trustees,
report., or
sufficient accounting records have not been kept: or
the financial statements are not in agreement with the accounting records., or
we have not received all the infom)ation and explanations we require for our audit.
10-

KEEP WALES TIDY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF KEEP WALES TIDY
Responsibilities of trustees
As explained more fully in the statement of trustees, responsibilities, the trustees, who are also the directors of the
company for the purpose of company law. are responsible for the preparation of the financial statements and for
being satisfied that they give a true and fair view, and for such intemal control as the trustees determine is
necessary to enable the preparation of financial statements that are free from material misstatement, whether due
to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the company's
ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the
going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic altemative but to do so.
Auditorfs responsibilities for the audit of the financial statements
We have been appoinled as auditor under section 144 of the Charities Act 2011 and report in a¢cordan¢e with the
Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from
material misstatement, whether due to fraud or error, and lo issue an auditorfs report that includes our opinion.
Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance
th ISAS (UK} will always detect a material misstatement vthen it exists. Misstatements can arise from fraud or
error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities is available on the Financial Reporting Council's website at.. https=Il
www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report.
Extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in
line with our responsibilities. outlined above and on the Financial Reporting Council's website, to detect material
misstatements in respect of irregularities, including fraud.
We obtain and update our understanding of the entity, its activities, its control environment, and likely future
developments, including in relation to the legal and regulatory framework applicable and how the entity is complying
th that framework. Based on this understanding, we identify and assess the risks of material misstatement of the
financial statements, whether due to fraud or error. design and perfomi audit procedures responsive to those risks.
and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes
consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud.
In response to the risk of irregularities and non-￿mpli8n￿ with laws and regulations, including fraud, we designed
procedures which included..
Enquiry of management and those charged with goveman¢e around actual and potential litigation and
claims as well as actual. suspected and alleged fraud-
Reviewing minutes of meetings of those charged Y￿th governance.,
Assessing the extent of compliance wth the laws and regulations considered to have a direct material
effect on the financial statements or the operations of the entity through enquiry and inspection,.
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.,
Performing audit work over the risk of management bias and override of controls, including testing of
journal entries and other adjustments for appropriateness. evaluating the business rationale of significant
transactions outside the normal course of business and reviewing accounting estimates for indicators of
potential bias.
Because of the inherent limitations of an audit, there is a risk that we viill not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions reflected
in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk of
not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may
involve collusion, forgery, intentional omissions. misrepresentations, or the override of intemal control.
11

KEEP WALES TIDY
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEES OF KEEP WALES TIDY
Use of our report
This report is made solely to the charity's trustees. as a body, in accordance with part 4 of the Charities (Accounts
and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees
those matters we are required to state to them in an auditor's 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 charity and the charity's
trustees as a body, for our audit work. forthis report. or for the opinions we have formed.
Ac2Y haF
Azets Audit Services
21 October 2024
Chartered Accountants
Statutory Auditor
Ty DeTW, Lime Tree Court
Cardiff Gate Business Park
Cardiff
United Kingdom
CF23 8AB
Azets Audit Services is eligible for appointment as auditor of the company by virtue of its eligibility for appointment
as auditor of a company under section 1212 of the Companies Act 2006.
12-

KEEP WALES TIDY
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestricted Restricted
funds
funds
2024
2024
Total
Unrestricted Restricted
funds
funds
2023
2023
Total
2024
2023
Notes
Income from:
Donations and
legacies
Charitable activities
Other trading
activities
Investments
17,136
395,526
17,136
4,466,CEO
34,456
199,719
22,500
5,369,734
56,956
5,569,453
4,070,534
15.500
84.742
15.500
84.742
13,500
70,122
13,500
70,122
Total income
512.904 4.070.534 4,583.438
317,797
5.392,234 5,710.031
enditure on:
Charitsble activities
367,749
4,827,206 5,194,955
459,898
5,304,467
5,764,365
Net gainsl(losses) on
investments
12
{13.340)
(13.340)
(125,669)
{125,669)
Net movement in funds
131.815
(756.672) (624.857)
(267,770)
87,767
(180.003)
Fund balances at 1 April
2023
1.355,176
1.278.955
2,634,131
1,622,946
1,191,188 2,814,134
Fund balances at 31
March 2024
1,486,991
522,283
2,009,274
1,355,176
1,278,955
2,634,131
The statement of financial activits'es indudes all gains and losses recognised in the year.
All income and expenditure derive from continuing activits-es.
The statement of financial activities also complies with the requirements for an income and expenditure account
under the Companies Act 2006.
13-

KEEP WALES TIDY
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
Fixed assets
Tangible assets
Investments
13
14
2.280
1,317.068
1,246.742
1,319,348
1,246,742
Current assets
Debtors
Cash at bank and in hand
15
345,072
685,962
459,271
1,248,092
1,031.034
1,707,363
Creditors: amounts falling due within
one year
16
(341.108)
(319.974)
Net cu￿ent assets
689.926
1,387.389
Total assets less cur￿nt liabilities
2,009,274
2,634,131
Income funds
Restricted funds
Unrestricted funds
Designated funds
General unrestricted funds
18
522,283
1,278,955
17
1,050.000
436,991
1,050,000
305,176
1,486.991
1,355,176
2,009.274
2,634.131
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act
2006, for the year ended 31 March 2024, although an audit has been carried out under section 144 of the Charities
Act 2011.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006
with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements under the requirements
of the Companies Act 2006. for the year in question in accordance viith section 476.
These financial slatements have been prepared in accordan￿ wtth the provisions applicable to companies subject
to the small companies regime.
The financial statements were approved by the Trustees on 26 September 2024
A Stumpf
Trustee
Company registration number 04011164
14-

KEEP WALES TIDY
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flov￿ from operating activities
Cash (absorbed by)Igenerated from
operations
23
(559,786)
663,859
Investing activities
Purchase of tangible fixed assets
Purchase of investments
Proceeds from disposal of investments
Investment income received
(3,420)
(1,293.243)
1,209.577
84.742
(66,894)
70,122
Net cash (used in)Igenerated from
investing activities
(2,344)
3,228
Net cash used in financing activities
Net (decrease)lincrease in cash and cash
equivalents
(562.130)
667.087
Cash and cash equivalents at beginning of year
1,248,092
581,005
Cash and cash equivalents at end of year
685,962
1,248,092
15-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
Charity information
Keep Wales Tidy is a private company limited by guarantee incorporated in England and Wales. The
registered office is Spark, Maindy Road, Cardiff, CF24 4HQ, Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the company's goveming document, the
Companies Act 2006. FRS 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland" ('FRS 102") and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to chanties preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 20191. The
company is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary
amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. modified to include the
revaluation of certain financial instruments at fair value. The principal accounting policies adopted are set out
below.
1.2 Going concem
At the time of approving the financial statements. the trustees have a reasonable expectation that the
company has adequate resources to continue in operalional existence for the foreseeable future. Thus the
trustees continue to adopt the going concern basis of accounting in prepanng the financial statements.
1.3 Charitable funds
Unrestricted funds are expendable at the discretion of the twstees in furtherance of the objects of the charity;
the fund comprises the accumulated surpluses and deficits of unrestricted income and expenditure.
Designated funds are unrestricted funds of the Charity vthi¢h have b*n set aside to fvnd particular future
activities of the charity.
Restricted funds are those vthere the donor has imposed restrictions on the use of the funds that are binding.
Income arising on restricted funds and expenditure incurred in respect of these funds are reflected through the
Statement of Financial Activities.
Funds are transferred from restricted to unrestricted when the initial restrictions no longer apply. If any
restricted fund falls into deficit. transfers are made from unrestricted reserves to cover the additional
expenditure.
Further explanation of the nature and purpose of each fvnd is induded in the notes to the financial
statements.
1.4 Income
Income is recognised when the company is legally entitled to it after any performance conditions have been
met, the amounts Can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on re￿ipt. Other donations are recognised On￿ the company has been
notified of the donation, unless perfomance conditions require deferral of the amount. Income tax recoverable
in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
16-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
In the case of performance related grants, income musl only be recognised to the extent that the charity has
provided the specified goods or seNices as entitlement to the grant and only occurs when the performance
related conditions are met. Capital grants are credited to the statement of financial activities as and when
receivable and depreciation Charged is offset against the grant income, in a restricted fvnd.
Eamed income and project income is recognised when the service is provided.
Sponsorship income is recognised in the period to which the sponsorship takes place. Any amounts received
in advance are deferred.
Interest on funds is included when receivable and the amount can be measured reliably by the charity,. this is
nomially upon notification of the interest paid by the bank.
Dividend income is recognised in the period to which it relates.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a
third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of
the obligation can be measured reliably. Liabilities in respect of the Caru Cymru project partner expenditure
are recognised once a valid partner daim has been received and verified.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and
shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single
activity are allocated directly to that activity. Shared costs which contribute to more than one activity and
support costs which are not attributable to a single activity are apportioned be￿een those activities on a basis
consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and
depreciation charges are allocated on the portion of the asset's use.
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of
any VAT which cannot be recovered. Certain expenditure is directly attributable to the specific activities and
has been included in those cost categories. Certain other costs, which are attributable to more than one
activity, are apportioned across cost categories on the basis of head count on each activity.
Governance costs
Governance costs include the extemal audit costs and costs assoaated with the board meetings of the
company, including trustees, expenses.
17-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of
depreciation and any impairment losses.
Capital expenditure will be defined as..
Any single piece of equipment. costing £2,500 or more (exc. VAT) that has an estimated
economic l operational life of more than 3 years.
Any fixtures and fittings costing £2,500 or more (ex¢. VAT) that have an estimated economic I
operational life of more than 3 years.
Expenditure of a capital nature will be recorded on the K￿￿ASset Register.
If an item is purchased via grant funding and depreciation would predude claiming the item. then the item wll
not be capitalised.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their
useful lives on the following bases=
Fixtures and fittings
Computer equipment
Other equipment
Office Equipment
straight line over 3 years
Straight line over 3 years
Straight line over 3 years
Straight line over 3 years
The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds
and the carrying value of the asset, and is recognised in the statement of financial ath'vities.
1.7 Fixed asset investments
Fixed asset investments are initially measured at transaction pri￿ excluding transaction costs, and are
subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net
incomel(expenditure) for the year. Transaction costs are expensed as incurred.
1.8 Impairment of fixed assets
At each reporting end date, the company reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impaimient loss. If any such indication
exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient
loss (if any).
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call wrth banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.10 Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balan￿ sheet when the company becomes party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, wth the net amounts presented in the financial statements, when
there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
18-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policies
{Continued)
Basic financial assets
Basic financial assets, which indude debtors and cash and bank balan￿$, are initially measured at
transaction price 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 al the present value of the fvture receipts discounted at a market rate of interest. Financial assets
classified as receivable within one year are not amortised.
Derecognition of financial assets
Financial assets 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, or if some significant nsks and rewards of ownership are retained but control of
the asset has transfe￿ed to another paty that is able to sell the asset in its entirety to an unrelated third paty.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless
the arrangement constitutes a financing transaction, where the debt instrument is measured at the present
value of the future payments discounted at a market 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 rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one
year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effeclive interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the company's contractual obligats-ons expire or are discharged or
cancelled.
1.11 Taxation
As a registered charity, Keep Wales Tidy is entitled to the exemption from taxation in respect of income and
capital gains received with sections 478489 of the Corporation Tax Act 2010 and section 256 of the Taxation
of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects purposes only.
1.12 Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs
are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are
received.
Termination benefits are recognised immediately as an expense when the company is demonstrably
committed to terminate the employment of an employee or to provide termination benefits.
1.13 Retirement benefits
Payments to defined contribution rets'rement benefit schemes are charged as an expense as they fall due.
1.14 Leases
Rentals payable under operating leases, induding any lease incentives re￿ived, are Charged as an expense
on a straight line basis over the term of the relevant lease.
19-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Critical accounting estimates and judgements
In the application of the company's accounting policies. the trustees are required to make judgements,
estimates and assumptions about the carying amount of assets and liabilities that are not readily apparent
from other sources. The estimates and associated assumptions are based on historical experience and other
factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting
estimates are recognised in the period in which the estimate is revised where the revision affects only that
period, or in the period of the revision and future periods vthere the revision affects both current and future
periods.
Donations and legacies
Unrestricted
funds
Unrestricted Restricted
funds
funds
Total
2024
2023
2023
2023
Donations and gifts
17,136
34,456
22,500
56,956
Other trading activities
Unrestricted Unrestricted
funds
funds
2024
2023
Sponsorship
15,500
13,500
-20-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Charitable activities
2024
2023
Project income
Earned income
Single use carrier bag
Grants received
Sundry income
30,517
609,814
62,065
3,759,491
4,173
51,000
163,885
22,674
5,310,060
21,834
4,466,060 5,569,453
Analysis by fund
Unrestricted funds
Restricted funds
395,526
199,719
4,070,534 5,369,734
4,466,060 5,569,453
Grants
Create Your Space Duffryn
Welsh Government- Eco Schools
Denbighshire County Council
Welsh Government- Caru Cymru
Welsh Government- Local Pla￿S for Nature
Heritage Lottery Fund
Alun Turing
Sport Wales
WG Core Grant - Policy Communication and Development
Green Flag for Parks
Garfield Weston Foundation
UK Government- North Wales SPF
Pobl
Carmarthenshire CC
Pembs CC
Powys CC
Swansea CC
Vale CC
Swire Foundation
Eroclad - Planet Passionate Fund
25,348
430,000
34.257
519.034
8,120
(455) 2,661,421
2,211,850 1,454,780
499,962
21,425
48,395
729,139
58,224
75,000
38,150
3,212
32,294
17,195
47.115
25,890
12,529
50,000
4,000
62,666
3,759,491
5,310,060
21

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Income from listed investments
Interest receivable
70,055
14,687
68,657
1,465
84,742
70,122
Charitable activities
Charitable Charitsble
Expenditure Expenditure
2024
2023
Staff costs
Depreciation and impaimient
General project management
Publicity and promotion
Group support
Establishment costs
Meeting and Conference
Training and other staff costs
Travel and subsistence
ICT costs
Legal and professional
Irrecoverable VAT
2,177,658 2,189,332
1,140
1,940,988 2,518.336
123,617
137.277
19,747
18.767
9,031
9,019
10,927
3,273
66,049
99,821
85,597
84,555
21,278
13,604
36,254
24,635
3,274
4,492,286 5,101,893
Share of support costs (see note 8)
Share of governance costs (see note 8)
688,349
14,320
656.672
5.800
5,194,955 5,764,365
Analysis by fund
Unrestricted funds
Restricted funds
367,749
459,898
4,827,206 5,304,467
5,194,955 5,764,365

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Support costs
Support Governance
costs
costs
2024
Support Governance
costs
costs
2023
staff costs
General project
management
Publicity and promotion
Establishment costs
Meeting and conference
Training and other staff
cosls
Travel and subsistence
Legal and professional
Irrecoverable VAT
ICT Costs
440,004
440,004
352,675
352,675
721
10.170
60.205
8.286
721
10.170
60.205
8.286
2,434
11.760
53.755
12.064
2,434
11,760
53,755
12.064
2,080
7,546
36,714
29,927
92,696
2,080
9,174
6,889
46,618
41,960
119,343
9,174
6,889
46,618
41,960
119,343
36,714
29,927
92,696
Audit fees
14.320
14.320
5,800
5,800
688.349
14.320
702.669
656.672
5,800
662.472
Analysed between
Charitable activities
688.349
14.320
702.669
656.672
5,800
662.472
Governan￿ costs includes payments to the auditors of £14,320 (2023- £5,800) for audit fees.
Trustees
During the year 2 {2023= 3) trustees V￿re reimbursed a total of £462 (2023.. £453) for travel and subsistence
costs.
10 Employees
The average monthly number of employees during the year was..
2024
Number
2023
Number
Direct charitable
Governance
Administration
56
61
Total
67
70
-23-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Employees
{Continued)
Employment Costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
2,155,994
207,538
254,130
2,096,663
202,829
242,515
2,617,662
2,542,007
Key management personnel
During the year the total remuneration (including gross salary, employers national insurance contributions and
employer's pension contributions) totalled £317,305 (2023.. £307,260) for 4 employees (2023.. 5 employees).
The number of employees whose annual remuneration was more than £60,000
is as follows=
2024
Number
2023
Number
Be￿een £60,000 and £70,000
Be￿een £80,001 and £90,000
Contributions totaling £17,380 (2023.. £7,102) were made to defined contribution pension schemes on behalf
of employees whose emoluments exceed £60,000.
11 Taxation
The charity is exempt from tax on income and gains falling vrfithin section 505 of the Taxes Act 1988 or section
252 of the Taxationof Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
12 Net gainsl(losses) on investments
Unrestricted Unrestricted
funds
funds
2024
2023
Revaluation of investments
(13,340) {125,669)
-24-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Tangible fixed assets
Fixtures and
fittings
Computer
equipment
Other
equipment
Office
Equipment
Total
Cost
At 1 April 2023
Additions
2.198
74,061
2,562
3,420
32,981
111,802
3,420
At 31 March 2024
2.198
74,061
5,982
32.981
115.222
Depreciation and impaimient
At 1 April 2023
Depreciation charged in the year
2,198
74,061
2,562
1,140
32,981
111,802
1,140
At 31 March 2024
2,198
74,061
3,702
32,981
112,942
Carrying amount
At 31 March 2024
2,280
2,280
At 31 March 2023
14 Fixed asset investments
Listed
investments
Cost or valuation
At 1 April 2023
Additions
Valuation changes
Disposals
1,246.742
1,293,243
{13,340)
{1,209,577)
At 31 March 2024
1,317,068
Carrying amount
At 31 March 2024
1,317,068
At 31 March 2023
1,246,742
-25-

KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
15 Debtors
2024
2023
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
157,265
160,461
27,346
60.147
345.348
53.776
345,072
459,271
16 Creditors: amounts falling due within one year
2024
2023
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income
96,253
93,916
8,595
142,344
65.682
146,211
342
107.739
341,108
319,974
17 Designated funds
The income funds of the charity include the following designated funds which have been set aside out of
unrestricted funds by the trustees for specific purposes..
Movement
in funds
Incoming
Balance at
resources 1 April 2023
Movement
in funds
Incoming
Balance at
resources 31 March 2024
Balance at
1 April 2022
Working capital reserves
Strategic development fund
750,000
300,000
750,000
300.000
750.000
300.000
1.050,000
1,050,000
1,050.000
The designated working capital reserves fund has been set up to ensure the charity always has access to
three months working capital.
A strategic business development fund of £300k has been put in place to enable the charity to develop and
make the most of new opportunities.
-26-

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KEEP WALES TIDY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
20 Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments
under nOn-Can￿lIable operating leases. vthich fall due as follows:
2024
2023
Within one year
Be￿een and five years
13,472
330
27,679
691
13,802
28,370
21 Pension schemes
The company operates a defined contribution pension scheme with Scottish Widows. During the year
contributions were made amounting to £254,130 {2023: £242.515). There were no amounts outstanding at the
current or previous year end.
22 Related paty transactions
There were no disdosable related party transactions during the year (2023 - none).
Transactions with related parties
There were no related paty transactions to note during the cu￿ent or previous year other than those
disclosed elsewhere in the notes to the financial statements.
23 Cash generated from operations
2024
2023
Deficit for the year
1624.857)
(180.003)
Adjustments for=
Investment income recognised in statement of financial activities
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
(84,742)
13,340
1,140
{70,122)
125,669
Movements in working capital..
Decrease in debtors
Increase in creditors
114,199
21.134
755,002
33,313
Cash labsorbed by)Igenerated from operations
1559,786)
663.859
24 Anatysis of changes in net funds
The company had no debt during the year.
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