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2023-03-31-accounts

REGISTERED COMPANY NUMBER: 04818136 (England and Wales) REGISTERED CHARITY NUMBER: 1102449

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

WELSH REFUGEE COUNCIL

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA79LA

WELSH REFUGEE COUNCIL

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Page
Report of the Trustees **to5 **
Report of the Independent Auditors 6
**to9 **
Statement of Financial Activities 10
Balance Sheet 11
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14
to31
Detailed Statement of Financial Activities 32
to33

WELSH REFUGEE COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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

Objectives and aims

Vision

"A Wales where refugees are welcomed and respected with access to protection, safety and dignity"

Mission

"To improve the lives of asylum seekers and refugees in Wales through delivering specialist support and influencing policy and practice"

Values

We are and remain an independent charity and speak out with authority when, our service users' rights are being violated or not met.

1.We champion human rights, equality, and diversity

2.We empower and promote the voices of asylum seekers and refugees

3.We are a strong, independent voice that demonstrates leadership, builds capacity, and works collaboratively

4.We exemplify organisational excellence in service delivery, staff development and governance.

Public benefit

The Trustees have considered the Charity Commission's guidance public benefit and have reviewed the Board's activities to consider the charitable activities of the Board to ensure that they provide benefit to the public. In shaping our objectives for the year and planning our activities the Trustees always ensure that the programmes we undertake are in line with our main charitable objects.

Page 1

WELSH REFUGEE COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRATEGIC REPORT

Achievement and performance

It's been an incredibly busy but rewarding year. We can be proud of the way the Welsh Refugee Council has risen to meet the challenges, supporting Ukrainian refugees, holding more advice sessions than ever, building community capacity, raising a record amount of funding, and hosting the Nation of Sanctuary event at the Senedd.

The 1 April 2022 marked the 35th day of the Russian invasion of Ukraine. At the beginning of this year, we began calling for urgent services to support Ukrainians seeking safety. In July, with Welsh Government funding we launched our Ukraine project across Wales. At the time of our launch, 5,534 people had arrived in Wales already, and by the end of the year we had directly supported 1,369 people with advice and support.

Without Welsh Government funding, there would have been a significant gap in services, at a time when people were experiencing trauma, loss of neighbourhoods, livelihoods and loved ones.

I am deeply proud we adapted and grew our services, recruiting staff from the Ukrainian community to bring added insight to our work.

We have grown our staffing base and continued to increase our diversity. Over 39% of our staff have lived experience, and over 50% have migrant heritage. Staff took part in a range of training including working with trauma, psychologically informed environments, and safeguarding. With Covid behind us, we held our first fun away day- at Taff Valley Adventure. The sun shone for us that day, and staff delighted in team building exercises, archery, and quad biking.

We welcomed 3 new trustees Shaun Bera, Hoyarn Osman, and Hawar Ameen, and said goodbye and thank you to Dr Brian Gibbons, Mohammed Field, Sarah Simmons, and Bethan Richards. Our Board committed to increasing its diversity to 50% migrant heritage by 2025.

The Rwanda Plan caused great insecurity and anguish for asylum seekers, and it has been important to highlight in the media the impact of this heartless and potentially unlawful project. We have supported those with lived experience to tell their stories in their own words in the media and taken part in interviews across BBC, ITV, and other press. The biggest feature was a 4 min interview on BBC Politics Wales programme.

Our 18-month Global Majority Grant Programme with Bawso and Race Council Cyrnru came to an end. Funded by Comic Relief, over 31 grants totalling £250K were given out to Black, Asian, Ethnic Minority Groups across Wales.

Our role at WRC was to build the skills, capacity and capabilities of community leaders. We delivered workshops on risk management, safeguarding, how to write a case study, how to apply for a grant, as well as facilitating networking meetings.

Our partnership work in other areas continued. We led our Coalition partners to deliver the annual Sanctuary in the Senedd event. Over 70 people attended, and it was our first big public event post Covid. The event focused on the theme of Destitution with people from different sectors taking part, and hearing feedback for change.

In September, we secured £150K from Community Foundation in Wales for a Welsh Refugee Coalition Coordinator post to build capacity with the Coalition and help the members to speak with one voice on a range of topics affecting sanctuary seekers. Our Head of Sanctuary and Refugee Services was recruited by the Exec Group as the Chair of the Coalition.

We formally adopted a new three-year Strategic Plan, following consultation and active input from staff, users, and trustees, with new tools to aid our data reporting and evaluation. We undertook several reviews to policy and pay, to ensure we were recruiting for what we needed now and in the future. We provided a festive payment to staff and were able to plan for a 6% pay rise for 2023/2024. Keeping salaries competitive remains a challenge and an area for us to develop.

Our Cardiff Office refurbishment finally completed, with new double-glazed windows ensuring a more energy efficient and comfortable environment for all.

After a year of diligence and governance work- we were finally awarded our Trusted Charity Quality Mark. Achieving this award shows our stakeholders and supporters that the Welsh Refugee Council has reached a recognised quality standard, evidencing that we are well run, comply with legal requirements, and that we are accountable and transparent.

Our fundraising went from strength to strength, with the Open-Air Theatre, Welsh Care Awards, Ikea, PwC, and Admiral choosing us as their charity to support. We welcomed an additional Business Development Officer to the team, and successfully launched a Christmas fundraising campaign to support our gorgeous Play Project. Thank you to everyone who took part and helped to put a smile on kids faces.

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WELSH REFUGEE COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Our film, Wales is a Nation of Sanctuary, directed by Memet Ali Alabora and coproduced by b a k was awarded WINNER of the Grand Prix Film of the Year 2023 at the Charity Film Awards. Our short film depicted the devastating impact of the Nationality and Borders Bill as friends, colleagues, and neighbours seemingly 'vanish'. We were honoured to receive the acclaim from an independent panel of UK wide judges.

Our year finished on a high, with the spectacular Nation of Sanctuary Awards held at City Hall. We said a massive well-done to 12 winners who had exemplified achievement or contribution to the Nation of Sanctuary values. The evening had a real buzz, and it was a delight to see people being recognised and full of warmth for each other.

Working in the sector is hard, but we are proud of who we are and what we stand for. To all our funders, donors', volunteers, staff, stakeholders, and supporters we couldn't have done this last year without you! From the bottom of our hearts- thank you for welcoming refugees.

Financial review

Financial position

Incoming resources during 2022/23 amounted to £1,649,580 compared to £1,627,719 in 2021/22.

Resources expended increased to £1,475,662 in 2022/23 from £1,384,744 in 2021/22. This year saw a surplus of £173,918.

Bringing the total charity unrestricted reserves to a balance of £562,253 as at 31st March 2023.

Reserves policy

The Trustees have reviewed the charity's needs for reserves in line with guidance by the Charity Commission and the Trustees have set the charity a provisional medium-term goal of increasing its free reserves to a level, which is sufficient to meet three month's expenditure. This will allow the strength of the charity and allow us to deal effectively with variable futures, which we are currently predicting, using scenario planning approaches. The present level of reserves is near to target and much depends on whether the charity can continue to secure public sector funding and additional income from other sources.

The charity services are in high demand, and it is important that fundraising and stewardship continue to be able to flex and adapt to emerging needs.

At the year end, the charity has accumulated unrestricted reserves of £562,253.

Designated funds comprise those funds which the Welsh Refugee Council may at its discretion set aside funds for specific purposes which would otherwise form part of the general unrestricted reserves.

The Trustees have specifically designated the funds held as a payroll deposit of £29,000 with their payroll providers.

An amount of £27,178 from Oak discretionary payment, £25,233 from the Sunday Times donation and £102,320 are designated to essential recruitment in future financial years.

Financial and risk management objectives and policies

The trustees have overall responsibility for ensuring that appropriate systems of control, financial andotherwise, exist. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Our Strategic Plan has allowed us to deepen our use of Risk Management focussing on both operational and Strategic risks. Risk register is discussed at relevant Senior Management Team Meetings and board meetings.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Welsh Refugee Council is a charitable company limited by guarantee, incorporated on 2 July 2003 with a memorandum and articles of association, which were amended on 1 October 2004, 18 February 2005, 6 April 2005, 27 January 2010, 20 January 2016 and 30 March 2017. Prior to incorporation the Council had operated through a non-incorporated charitable association.

The Trustees consider that The Welsh Refugee Council has adequate resources to continue in business for the foreseeable future, and that, for this reason it should continue to adopt the going concern basis in preparing the accounts.

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WELSH REFUGEE COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Recruitment and appointment of new trustees

The Board maintains broad representation across a wide range of disciplines and skills.

In 2012/13 the Trustee Board reviewed its processes for application to the Trustee Board and these were adopted at the 2013 Annual General Meeting. All Trustees are appointed on a three yearly basis and a third of Trustees are appointed at eachAGM.

All members are given advance notice of who is standing for appointment or reappointment at an AGM, along with any relevant information. Outside of an AGM, the trustees can appoint a person to be a trustee either to fill a vacancy or as an additional trustee (in this case the person can only hold office until the next AGM and must stand down, if he or she is not appointed at that AGM). This is done to maintain the diverse skills within the Board of Trustees. All officers e.g. Chair, Vice Chair and Treasurer are elected for a period of one year at the first board meeting after the AGM.

All trustees, as well as attending the regular Board Meetings 6 times a year, also attend a Strategic Away Day which sets strategic priorities for the organisation for the following year. No Trustees receive any financial or other benefits for their role as Trustees.

Trustee Governance

Any new Trustee is interviewed and visits the organisation prior to, their formal agreement to be a Trustee and they receive induction including a range of background information on the charity and see the provision of its key services. All Trustees sign "the Seven Principles of Public Life. Trustees are asked to declare any conflict of interest at the start of every meeting and recorded in the minutes. All Trustees are familiar with the Charity Commission guidance 'the essential trustee'. The board of trustees reviewed different competencies and skills related to the governance of the organisation using Trusted Charity framework to drive forward this quality agenda and this approach will be of increasing importance over the next few years. In 2010/11 the Trustee Board set up two sub-committees of the Board (1) Finance and Resources and (2) a Strategic Committee. Both meet on a two to three monthly basis.

The organisation maintains a membership register which is updated regularly. Any application formembership is considered by the Trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 04818136 (England and Wales)

Registered Charity number

1102449

Registered office

120 - 122 Broadway Cardiff CF24 1NJ

Trustees

0 Burgess Dr M Chick M Field (resigned 18.8.22) Dr B Gibbons (resigned 5.7.22) H lies G Jones C Mckeag N Morgan J Morgan B Richards (resigned 18.5.23) SA Simons (resigned 5.7.22) H Osman Esol Teacher (appointed 5.7.22) M Tilley Unknown (appointed 22.9.22) (resigned 18.5.23) H Ameen Unknown (appointed 22.9.22) S Bera (appointed 23.11.22)

Company Secretary

A Cleaver

Page 4

WELSH REFUGEE COUNCIL

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

REFERENCE AND ADMINISTRATIVE DETAILS Senior Statutory Auditor

Alison Vickers

Auditors

Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA79LA

Bankers

NatWest Bank, 227 Cowbridge Road East, Cardiff CF5 1WX.

Solicitors

Darwin Gray Solicitors, Helmont House, Churchill Way, Cardiff, CF10 2HE.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Welsh Refugee Council for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

AUDITORS

The auditors, Bevan Buckland LLP, will be proposed for re[-] appointment at the forthcoming Annual General Meeting.

Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on ............................................. and signed on the board's behalf by:

N Morgan - Trustee

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL

Opinion

We have audited the financial statements of Welsh Refugee Council (the 'charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable 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 sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. 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 misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

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REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes 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 internal 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 charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern 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 alternative but to do so.

Page 7

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL

Our responsibilities for the audit of the financial statements

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 to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when 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.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

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 to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when 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.

We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud.

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2019 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

. enquiring of management, including obtaining and reviewing supporting documentation, the charitable company's policies and procedures relating to:

. identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

. discussing among the engagement team how and where fraud might occur in the Financial Statements and any potential indicators of fraud .

. obtaining an understanding of the legal and regulatory frameworks that the charitable company operates in, focusing on those laws and regulations that had a direct effect on the Financial Statements or that had a fundamental effect on the operations of the charitable company, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

. enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

. in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

. assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

. evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

Page 8

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF WELSH REFUGEE COUNCIL

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Alison Vickers (Senior Statutory Auditor) for and on behalf of Bevan Buckland LLP Chartered Accountants And Statutory Auditors Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: ............................................ . 11 /12 /2023

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WELSH REFUGEE COUNCIL

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

FO R THE YEAR E NDED 31 MARC H 2023
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 68,392 20,859 89,251 161,671
Charitable activities 5
Refugee & Asylum Assistance 102,881 1,353,326 1,456,207 1,367,771
Other trading activities 3 1,190 1,190 4,022
Investment income 4 2,398 2,398 64
Other income 9,036 91,498 100,534 94,191
Total 183,897 1,465,683 1,649,580 1,627,719
EXPENDITURE ON
Charitable activities 6
Refugee & Asylum Assistance 134,058 1,341,604 1,475,662 1,384,744
NET INCOME 49,839 124,079 173,918 242,975
Transfers between funds 16 14,163 (14,163)
Net movement in funds 64,002 109,916 173,918 242,975
RECONCILIATION OF FUNDS
Total funds brought forward 498,251 375,548 873,799 630,824
TOTAL FUNDS CARRIED FORWARD 562,253 485,464 1,047,717 873,799

CONTINUING OPERATIONS

All income and expenditure has arisen from continuing activities.

The notes form part of these financial statements

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WELSH REFUGEE COUNCIL

BALANCE SHEET 31 MARCH 2023

31 M ARCH 2023
2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 8,021 8,021 7,970
CURRENT ASSETS
Debtors 13 44,747 593,253 638,000 294,131
Cash at bank and in hand 643,824 1,423 645,247 806,999
688,571 594,676 1,283,247 1,101,130
CREDITORS
Amounts falling due within one year 14 (126,318) (117,233) (243,551) (235,301)
NET CURRENT ASSETS 562,253 477,443 1,039,696 865,829
TOTAL ASSETS LESS CURRENT LIABILITIES 562,253 485,464 1,047,717 873,799
NET ASSETS 562,253 485,464 1,047,717 873,799
FUNDS 16
Unrestricted funds 562,253 498,251
Restricted funds 485,464 375,548
TOTAL FUNDS 1,047,717 873,799

The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:

N Morgan - Trustee

H lies - Trustee

The notes form part of these financial statements

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WELSH REFUGEE COUNCIL

WELSH REFUGEE COUNCIL
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2023
2023 2022
Notes £ £
Cash flows from operating activities
Cash generated from operations (159,868) 227,861
Net cash (used in)/provided by operating activities (159,868) 227,861
Cash flows from investing activities
Purchase of tangible fixed assets (1,884)
Net cash (used in)/provided by investing activities (1,884)
Change in cash and cash equivalents
the reporting period		 in (161,752) 227,861
Cash and cash equivalents at the
beginning of the reporting period 806,999 579,138
Cash and cash equivalents at the end
the reporting period		 of 645,247 806,999

The notes form part of these financial statements

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WELSH REFUGEE COUNCIL

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2023 2022
£
Net income for the reporting period (as per the Statement of Financial
Activities) 173,918 242,975
Adjustments for:
Depreciation charges 1,833 6,545
Increase in debtors (343,869) (175,488)
Increase in creditors 8,250 153,829
Net cash (used in)/provided by operations (159,868) 227,861

2. ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUNDS
At 1.4.22 Cash flow At31.3.23
£ £ £
Net cash
Cash at bank and in hand 806,999 (161,752) 645,247
806,999 (161,752) 645,247
Total 806,999 (161,752) 645,247

The notes form part of these financial statements

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WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES

Accounting convention

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from Government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

All income received by the Charity is used to deliver its primary objective being refugee related support.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

Donations

Voluntary income is received by way of donation and is included in full in the Income and Expenditure account when received.

Rental income

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable Activities

Charitable expenditure comprises those costs associated with the expenditure on charitable activities included the cost of pre status, refugee status and influencing policy and campaigning activities undertaken to further the purposes of the charity and their associated support costs for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Other Expenditure

All resources expended are classified under activity headings that aggregate all costs related to the category. Irrecoverable VAT is charged against the category of resources expended for which was incurred.

Support Costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include finance, personnel, payroll and governance costs which support the charity's activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

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continued ...

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES • continued

Expenditure

Donated Services and Facilities

Donated professional services and facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS102), the general volunteer time is not recognised and refer to the trustees' annual report for more information about their contribution.

On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market, a corresponding amount is then recognised in expenditure in the period of receipt.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write o f each asset over its estimated useful life.

Plant and machinery - 10% on cost Fixtures and fittings - 10% on cost Computer equipment - 25% on cost

Where the capital expenditure is less than £1,000 the charity, has adopted the policy to charge the SOFA the cost of the assets purchased. All items over £1,000 are capitalised and depreciated over their useful economic life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

The reserves are nominated free reserves.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Preparation of the accounts on a going concern basis

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Functional and Presentation Currency

The company's functional and presentation currency is pounds sterling.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Deferred Income

Page 15

continued ...

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES· continued

Deferred income represents invoices raised in the year for grants relating to future periods.

Employee Benefits

The costs of short term employee benefits are recongnised as a liability and an expense, unless these 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.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, 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 at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including bank loans, trade and other payables 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 receipts discounted at a market rate of interest.

Significant management judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgments about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results in the future may differ from these estimates.

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 and in any future periods affected.

Company Status

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10.

2. DONATIONS AND LEGACIES

DONATIONS AND LEGACIES
2023 2022
£ £
Donations 88,997 161,631
Subscriptions 254 40
89,251 161,671

Page 16

continued ...

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

3. OTHER TRADING ACTIVITIES
2023 2022
£ £
Rental Income 1,190 4,022
4. INVESTMENT INCOME
2023 2022
£ £
Interest Received 2,398 64
5. INCOME FROM CHARITABLE ACTIVITIES
2023 2022
Activity £ £
Grants Refugee & Asylum Assistance 1,456,207 1,367,771
Grants received, included in the above, are as follows:
2023 2022
£ £
Welsh Government 729,113 673,025
Comic Relief 37,167 17,515
BBC Children in need 31,693 31,942
Garfield Western
ABCharitable Trust		 33,000 20,000
The National Lottery Community
Arts Council for Wales
Lloyds Bank Foundation		 Fund 96,622
10,780		 139,689
25,000
Oak Foundation 128,631 100,854
Refugee Action 8,897 20,975
Community Foundation in Wales 49,792
National Emergency Trust
WCVA Third Sector Partnership Scheme		 40,385
54,052
Award for All 5,388
Postcode Lottery 18,896
Race Council Cymru 2,667 10,000
Moondance Foundation 25,000
WCVA Covid 5,409
Gwent TNLCF 65,328 1,167
CAF Project 38,068 124,298
DWP Kickstart 4,341 10,564
Garfield Weston 34,000
IKEA 47,630 15,000
WCVA Volunteering Project 18,750
The Blue Thread 50,000
Admiral 45,936
Wales and West 7,816
National Grid 9,958
LandAid 5,000
WCVA Capacity Build 3,501
WCVATSRF 26,129
1,456,207 1,367,771

continued ...

Page 17

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

6. CHARITABLE ACTIVITIES COSTS

6. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 7) Totals
£ £ £
Refugee & Asylum Assistance 1,230,553 245,109 1,475,662
7. SUPPORT COSTS
Support
Management Finance costs Totals
£ £ £ £
Refugee & Asylum Assistance 238,389 555 6,165 245,109
8. NET INCOME/{EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2023 2022
£ £
Depreciation • owned assets 1,833 6,545
-- --

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.

Trustees' expenses

10.

2023 2022
£ £
Trustees' expenses 200 150
-- --
STAFF COSTS
2023 2022
£ £
Wages and salaries 961,056 837,808
Social security costs 74,214 57,336
Other pension costs 34,464 32,430
1,069,734 927,574

Remuneration relating to key management personnel were withing the following ranges:

Salary
£000
CEO 60-65
Head of Services 35-40
Head of Comms 35-40
Head of Resettlement 35-40
Head of Resources 35-40

Page 18

continued ...

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

10. STAFF COSTS· continued

The average monthly number of employees during the year was as follows:

2023 2022
Direct Charitable Expenditure 38 34
Administration 1 1
39 35

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

11.

2023 2022
£60,001 - £70,000 1
-- --
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 132,524 29,147 161,671
Charitable activities
Refugee & Asylum Assistance 77,910 1,289,861 1,367,771
Other trading activities 4,022 4,022
Investment income 64 64
Other income 42,106 52,085 94,191
Total 256,626 1,371,093 1,627,719
EXPENDITURE ON
Charitable activities
Refugee & Asylum Assistance 131,078 1,253,666 1,384,744
NET INCOME 125,548 117,427 242,975
Transfers between funds 10,022 (10,022)
Net movement in funds 135,570 107,405 242,975
RECONCILIATION OF FUNDS
Total funds brought forward 362,681 268,143 630,824
TOTAL FUNDS CARRIED FORWARD 498,251 375,548 873,799

continued ...

Page 19

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. TANGIBLE FIXED ASSETS

13.
14.
Plant and
machinery
£
COST
At 1 April 2022
62,758
Additions
Disposals
(53,013)
At 31 March 2023
9,745
DEPRECIATION
At 1 April 2022
56,657
Charge for year
976
Eliminated on disposal
(53,013)
At 31 March 2023
4,620
NET BOOK VALUE
At 31 March 2023
5,125
At 31 March 2022
6,101
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
VAT
Other creditors
Accrued expenses		 Fixtures
and
Computer
fitings
equipment
Totals
£
£
£
42,955
135,366
241,079
1,884
1,884
(42,955)
(70,216)
(166,184)
67,034
76,779
42,955
133,497
233,109
857
1,833
(42,955)
(70,216)
(166,184)
64,138
68,758
2,896
8,021
1,869
7,970
2023
2022
£
£
381,301
12,706
254,209
275,244
2,490
6,181
638,000
294,131
2023
2022
£
£
154,703
153,887
55,636
25,907
2,976
6,029
30,236
49,478
243,551
235,301

15. LEASING AGREEMENTS

The amounts payable in respect of operating leases shown below are analysed according to the expiry of the leases;

2023 2022
£ £
Committed to be paid:
Expiring within one year
Expiring more than one year		 24,800
12,000		 24,800
12,000

continued ...

Page 20

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 268,045 56,378 (39,669) 284,754
Migrant Help 6,928 6,928
Oak Discretionary Payment Designated
Fund 34,421 (7,243) 27,178
RCT Syrian Project 12,056 14,163 26,219
Funds Held as Payroll Deposit
Garfield Weston
WCVA 2021/22		 29,000
26,304
5,409		 (17,814)
(5,409)		 29,000
8,490
IKEA 15,000 32,151 47,151
AB Charitable Trust 13,204 (13,204)
2022/23 Essential Posts Designated Fund 25,233 (25,233)
2023/24 Essential Posts Designated Fund 62,651 64,902 127,553
Price Waterhouse Cooper 4,980 4,980
498,251 49,839 14,163 562,253
Restricted funds
WG Move on Project Grant 298 ( 1) 297
Hardship Fund Activities Donations 21,064 (4,954) 16,110
The Big Lottery Grant (People and Places) 77,299 (5,654) 71,645
The Big Lottery Capital Costs 23,134 23,134
Lloyds Bank Foundation 1,603 (1,603)
WG ARP Project 21,919 21,919
People Post Code 17,951 (13,051) 4,900
WG Hate Crime 5,484 (4,699) 785
Clothworkers Foundation 2,330 2,330
RCT Syrian Project 14,163 (14,163)
Oak Foundation 40,452 7,334 47,786
Refugee Action 16,035 (13,036) 2,999
Screwfix 5,000 (5,000)
National Emergency Trust 11,297 (11,297)
Award for All 1,441 1,441
Migrant Help Aire 11,230 11,230
Moondance Foundation 8,451 (8,451)
Race Council Cymru
Newport Rent Donations
Gwent TNLFC		 5,489
6,234
1,167		 (5,489)
1,488
(1,167)		 7,722
CAF Project 96,309 (96,309)
DWP Kickstart 2,205 (2,205)
Comic Relief Change Makers 22,679 22,679
WCVA 2021/22 8,110 (8,110)
BBC Children in Need IV 1,000 1,000
Moondance Community Organising 14,086 (14,086)
General fund
WCVA Volunteer Project
CFIW Nation of Sanctuary		 11,550 4,988
5,617
34,545		 16,538
5,617
34,545
Admiral 40,945 40,945
Blue Thread 50,000 50,000
Wales and West 7,816 7,816
NEWPTNLCF 19,621 19,621
CARD TNLCF 8,181 8,181
SWATNLCF 3,232 3,232
Adibi Fund 3,243 3,243
WG ARP Ukranian Project 58,811 58,811
BBC Children in Need V 938 938
375,548 124,079 (14,163) 485,464

continued ...

Page 21

WELSH REFUGEE COUNCIL

WELSH REFUGEE COUNCIL WELSH REFUGEE COUNCIL
NOTES TO THE FINANCIAL STATEMENTS· continued
FOR THE YEAR ENDED 31 MARCH 2023
TOTAL FUNDS 873,799 173,918 1,047,717

continued ...

Page22

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS • continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 76,016 (19,638) 56,378
Oak Discretionary Payment Designated
Fund 18,750 (25,993) (7,243)
WCVA Capacity Build 3,501 (3,501)
Garfield Weston 33,000 (50,814) (17,814)
WCVA 2021/22 (5,409) (5,409)
IKEA 47,630 (15,479) 32,151
AB Charitable Trust (13,204) (13,204)
Price Waterhouse Cooper 5,000 (20) 4,980
183,897 (134,058) 49,839
Restricted funds
WG Move on Project Grant 161,665 (161,666) ( 1)
Hardship Fund Activities Donations
Arts Council for Wales		 8,371
10,780		 (13,325)
(10,780)		 (4,954)
The Big Lottery Grant (People and Places) 96,622 (102,276) (5,654)
Lloyds Bank Foundation (1,603) (1,603)
WG ARP Project 345,431 (323,512) 21,919
People Post Code (13,051) (13,051)
WG Hate Crime (4,699) (4,699)
RCT Syrian Project 48,497 (34,334) 14,163
Oak Foundation 109,881 (102,547) 7,334
Refugee Action 8,897 (21,933) (13,036)
Screwfix (5,000) (5,000)
National Emergency Trust (11,297) (11,297)
Award for All 5,388 (3,947) 1,441
Migrant Help Aire 43,001 (31,771) 11,230
Moondance Foundation (8,451) (8,451)
Race Council Cymru 2,667 (8,156) (5,489)
Newport Rent Donations 1,488 1,488
GwentTNLFC (1,167) (1,167)
GAF Project
DWP Kickstart		 38,068
4,341		 (134,377)
(6,546)		 (96,309)
(2,205)
Comic Relief Change Makers 37,167 (14,488) 22,679
WCVA 2021/22 (8,110) (8,110)
BBC Children in Need IV
Moondance Community Organising		 1,000 (14,086) 1,000
(14,086)
General fund 5,000 (12) 4,988
WCVATSRF 26,129 (26,129)
WCVA Volunteer Project 18,750 (13,133) 5,617
CFIW Nation of Sanctuary 49,792 (15,247) 34,545
National Grid 9,958 (9,958)
Landaid 5,000 (5,000)
Admiral 45,936 (4,991) 40,945
Blue Thread 50,000 50,000
Wales and West 7,816 7,816
NEWPTNLCF 25,009 (5,388) 19,621
CARDTNLCF 32,247 (24,066) 8,181
SWATNLCF 8,072 (4,840) 3,232
Adibi Fund 5,000 (1,757) 3,243
WG ARP Ukranian Project 222,017 (163,206) 58,811
BBC Children in Need V 31,693 (30,755) 938
1,465,683 (1,341,604) 124,079

continued ...

Page 23

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS • continued TOTAL FUNDS

1,649,580 (1,475,662) 173,918

continued ...

Pa[g] e 24

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Comparatives for movement in funds
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
£ £ £ £
Unrestricted funds
General fund 224,121 103,307 (59,383) 268,045
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated		 2,151
3,501		 4,777 (3,501) 6,928
Fund 35,672 (1,251) 34,421
Migration Exchange Designated Fund 41,202 (41,202)
RCT Syrian Project 2,034 10,022 12,056
Fundraising Manager Designated Fund 25,000 (25,000)
Funds Held as Payroll Deposit 29,000 29,000
Garfield Weston 26,304 26,304
WCVA 2021/22 5,409 5,409
IKEA 15,000 15,000
AB Charitable Trust 13,204 13,204
2022/23 Essential Posts Designated Fund 25,233 25,233
2023/24 Essential Posts Designated Fund 62,651 62,651
362,681 125,548 10,022 498,251
Restricted funds
WG Housing Development Officer Grant 1,109 (1,109)
WG Move on Project Grant 298 298
Hardship Fund Activities Donations 19,789 1,275 21,064
The Big Lottery Grant (People and Places) 67,518 9,781 77,299
The Big Lottery Capital Costs 23,134 23,134
Waterloo Project 384 (384)
BBC Children in Need Ill 3,310 (3,310)
Comic Relief II 4,437 (4,437)
Lloyds Bank Foundation 553 1,050 1,603
WG ARP Project 33,514 (33,514)
People Post Code 17,951 17,951
WG Hate Crime 6,580 (1,096) 5,484
Clothworkers Foundation 2,330 2,330
RCT Syrian Project 4,124 5,898 (10,022)
Oak Foundation 39,879 573 40,452
Refugee Action 12,784 3,251 16,035
Community Foundation in Wales 674 (674)
Screwfix 5,000 5,000
National Emergency Trust 14,429 (3,132) 11,297
WCVA Covid 2,980 (2,980)
Award for All 1,259 (1,259)
Moondance Foundation 13,306 (4,855) 8,451
Race Council Cymru 8,533 (3,044) 5,489
Newport Rent Donations 2,517 3,717 6,234
Gwent TNLFC 1,167 1,167
CAF Project 96,309 96,309
DWP Kickstart 2,205 2,205
WCVA 2021/22 8,110 8,110
BBC Children in Need IV (3,310) 3,310
Moondance Community Organising 14,086 14,086
General fund 11,550 11,550
268,143 117,427 (10,022) 375,548
TOTAL FUNDS 630,824 242,975 873,799

continued ...

Page 25

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS • continued

Comparative net movement in funds, included in the above are as follows:

Comparative net movement in funds, included in the abov e are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 136,610 (33,303) 103,307
Migrant Help 42,106 (37,329) 4,777
WCVA Third Sector Partnership Scheme 3,501 (3,501)
Oak Discretionary Payment Designated
Fund (1,251) (1,251)
Migration Exchange Designated Fund
Garfield Weston
WCVA 2021/22		 34,000
5,409		 (41,202)
(7,696)		 (41,202)
26,304
5,409
IKEA 15,000 15,000
AB Charitable Trust 20,000 (6,796) 13,204
256,626 (131,078) 125,548
Restricted funds
WG Housing Development Officer Grant
WG Move on Project Grant		 161,965 (1,109)
(161,667)		 (1,109)
298
Hardship Fund Activities Donations
The Big Lottery Grant (People and Places)		 13,681
139,689		 (12,406)
(129,908)		 1,275
9,781
Waterloo Project (384) (384)
Comic Relief II 5,000 (9,437) (4,437)
Lloyds Bank Foundation 25,000 (23,950) 1,050
WG ARP Project 355,000 (388,514) (33,514)
People Post Code 18,896 (945) 17,951
WG Hate Crime (1,096) (1,096)
RCT Syrian Project 52,085 (46,187) 5,898
Oak Foundation 100,854 (100,281) 573
Refugee Action 20,975 (17,724) 3,251
Community Foundation in Wales (674) (674)
National Emergency Trust 40,385 (43,517) (3,132)
WCVA Covid (2,980) (2,980)
Award for All (1,259) (1,259)
Moondance Foundation (4,855) (4,855)
Race Council Cymru 10,000 (13,044) (3,044)
Newport Rent Donations 3,717 3,717
GwentTNLFC 1,167 1,167
CAF Project 124,298 (27,989) 96,309
DWP Kickstart 10,564 (8,359) 2,205
Comic Relief Change Makers
WAG Transport Project
WG Race Equality Grant		 12,515
151,235
4,825		 (12,515)
(151,235)
(4,825)
WCVA 2021/22 50,551 (42,441) 8,110
BBC Children in Need IV 32,141 (35,451) (3,310)
Moondance Community Organising 25,000 (10,914) 14,086
General fund 11,550 11,550
1,371,093 (1,253,666) 117,427
TOTAL FUNDS 1,627,719 (1,384,744) 242,975

continued ...

Page 26

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

A current year 12 months and prior year 12 mont hs combined positio n is as follows:
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
£ £ £ £
Unrestricted funds
General fund 224,121 159,685 (99,052) 284,754
Migrant Help 2,151 4,777 6,928
WCVA Third Sector Partnership Scheme 3,501 (3,501)
Oak Discretionary Payment Designated
Fund 35,672 (8,494) 27,178
Migration Exchange Designated Fund 41,202 (41,202)
RCT Syrian Project 2,034 24,185 26,219
Fundraising Manager Designated Fund 25,000 (25,000)
Funds Held as Payroll Deposit
Garfield Weston		 29,000 8,490 29,000
8,490
IKEA 47,151 47,151
2023/24 Essential Posts Designated Fund 127,553 127,553
Price Waterhouse Cooper 4,980 4,980
362,681 175,387 24,185 562,253
Restricted funds
WG Housing Development Officer Grant 1,109 (1,109)
WG Move on Project Grant 297 297
Hardship Fund Activities Donations 19,789 (3,679) 16,110
The Big Lottery Grant (People and Places) 67,518 4,127 71,645
The Big Lottery Capital Costs 23,134 23,134
Waterloo Project 384 (384)
BBC Children in Need Ill 3,310 (3,310)
Comic Relief II 4,437 (4,437)
Lloyds Bank Foundation 553 (553)
WG ARP Project 33,514 (11,595) 21,919
People Post Code 4,900 4,900
WG Hate Crime 6,580 (5,795) 785
Clothworkers Foundation
RCT Syrian Project		 2,330
4,124		 20,061 (24,185) 2,330
Oak Foundation 39,879 7,907 47,786
Refugee Action 12,784 (9,785) 2,999
Community Foundation in Wales 674 (674)
Screwfix 5,000 (5,000)
National Emergency Trust 14,429 (14,429)
WCVA Covid 2,980 (2,980)
Award for All 1,259 182 1,441
Migrant Help Aire 11,230 11,230
Moondance Foundation 13,306 (13,306)
Race Council Cymru
Newport Rent Donations
Comic Relief Change Makers		 8,533
2,517		 (8,533)
5,205
22,679		 7,722
22,679
BBC Children in Need IV (2,310) 3,310 1,000
General fund 16,538 16,538
WCVA Volunteer Project 5,617 5,617
CFIW Nation of Sanctuary 34,545 34,545
Admiral 40,945 40,945
Blue Thread 50,000 50,000
Wales and West 7,816 7,816
NEWP TNLCF 19,621 19,621
CARD TNLCF 8,181 8,181
SWA TNLCF 3,232 3,232
Adibi Fund 3,243 3,243
WG ARP Ukranian Project 58,811 58,811

continued ...

Page 27

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

FOR THE Y EAR ENDED 31 MAR CH 2023
16. MOVEMENT IN FUNDS • continued
BBC Children in Need V 938 938
268,143 241,506 (24,185) 485,464
TOTAL FUNDS 630,824 416,893 1,047,717

continued ...

Page28

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

16. MOVEMENT IN FUNDS • continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Migrant Help
WCVA Third Sector Partnership Scheme
Oak Discretionary Payment Designated
Fund
Migration Exchange Designated Fund
WCVA Capacity Build
Gareld Weston
WCVA 2021/22
IKEA
AB Charitable Trust
Price Waterhouse Cooper
Restricted funds
WG Housing Development Oficer Grant
WG Move on Project Grant
Hardship Fund Activities Donations
Ars Council for Wales
The Big Lottery Grant (People and Places)
Waterloo Project
Comic Relief II
Lloyds Bank Foundation
WG ARP Project
People Post Code
WG Hate Crime
RCT Syrian Project
Oak Foundation
Refugee Action
Community Foundation in Wales
Screwfx
National Emergency Trust
WCVA Covid
Award for All
Migrant Help Aire
Moondance Foundation
Race Council Cymru
Newport Rent Donations
GwentTNLFC
CAF Project
DWP Kickstart
Comic Relief Change Makers
WAG Transpor Project
WG Race Equality Grant
WCVA 2021/22
BBC Children in Need IV
Moondance Community Organising
General fund
WCVATSRF
WCVA Volunteer Project
CFIW Nation of Sanctuar
National Grid
Landaid
Admiral		 Incoming
Resources
resources
expended
£
£
212,626
(52,941)
42,106
(37,329)
3,501
(3,501)
18,750
(27,244)
(41,202)
3,501
(3,501)
67,000
(58,510)
5,409
(5,409)
62,630
(15,479)
20,000
(20,000)
5,000
(20)
440,523
(265,136)
(1,109)
323,630
(323,333)
22,052
(25,731)
10,780
(10,780)
236,311
(232,184)
(384)
5,000
(9,437)
25,000
(25,553)
700,431
(712,026)
18,896
(13,996)
(5,795)
100,582
(80,521)
210,735
(202,828)
29,872
(39,657)
(674)
(5,000)
40,385
(54,814)
(2,980)
5,388
(5,206)
43,001
(31,771)
(13,306)
12,667
(21,200)
5,205
1,167
(1,167)
162,366
(162,366)
14,905
(14,905)
49,682
(27,003)
151,235
(151,235)
4,825
(4,825)
50,551
(50,551)
33,141
(35,451)
25,000
(25,000)
16,550
(12)
26,129
(26,129)
18,750
(13,133)
49,792
(15,247)
9,958
(9,958)
5,000
(5,000)
45,936
(4,991)		 Movement
in funds
£
159,685
4,777
(8,494)
(41,202)
8,490
47,151
4,980
175,387
(1,109)
297
(3,679)
4,127
(384)
(4,437)
(553)
(11,595)
4,900
(5,795)
20,061
7,907
(9,785)
(674)
(5,000)
(14,429)
(2,980)
182
11,230
(13,306)
(8,533)
5,205
22,679
(2,310)
16,538
5,617
34,545
40,945

continued ...

Page 29

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS· continued FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR EN DED 31 MARCH 2023
16. MOVEMENT IN FUNDS - continued
Blue Thread 50,000 50,000
Wales and West 7,816 7,816
NEWPTNLCF 25,009 (5,388) 19,621
CARD TNLCF 32,247 (24,066) 8,181
SWATNLCF 8,072 (4,840) 3,232
Adibi Fund 5,000 (1,757) 3,243
WG ARP Ukranian Project 222,017 (163,206) 58,811
BBC Children in Need V 31,693 (30,755) 938
2,836,776 (2,595,270) 241,506
TOTAL FUNDS 3,277,299 (2,860,406) 416,893

a. The WG Move On project provided assistance in the transition of the status of an asylum seeker to refugee housing support in Wales.

c. BBC Children in Need provided funding for a part-time post of Play Development Worker and Play Assistant, to establish informal children's play sessions and a toy library for refugee and asylum-seeking children.

d. The Comic Relief grant was to fund NRPF caseworker.

e. The Lloyds Bank Foundation grant helped to fund two part time posts (Executive Assistant & Finance Assistant) f. The WG WSS project is paid by Welsh Government, thanks to this project we make sure our clients know their rights and we also advocate for them.

dd. WG WSS Ukrainian is to provide funding for the Ukrainian crisis.

Designated funds comprise those funds which the Welsh Refugee Council may at its discretion set aside funds for specific purposes which would otherwise form part of the general unrestricted reserves. The Trustees have specifically designated the funds held as a payroll deposit of £29,000 with their payroll providers. An amount of £27,178 from Oak discretionary, £25,233 from the Sunday Times donation and £102,320 are designated to essential recruitment in future financial years.

The designation reflects the intentions as to the future application of funds as at the balance sheet date and do not reflect an external transactions or present obligation to a third party.

continued ...

Page 30

WELSH REFUGEE COUNCIL

NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2023

17. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 31

WELSH REFUGEE COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Subscriptions
Other trading activities
Rental Income
Investment income
Interest Received
Charitable activities
Grants
Other income
RCT Serice Level Agreement
Migrant Help
Sponsorships
Total incoming resources
EXPENDITURE
Charitable activities
Trustees' expenses
Wages
Social security
Pensions
Promotional
Interpreting
Small projects
General ofce
Hardship
Partner overheads
Recruitment
Monitoring
Travel & training
Volunteer costs
Well being activities
Transport project travel
Depn of plant & machinery
Depn of computer equipment
Support costs
Management
Communication
Carried forward		 2023
£
88,997
254
89,251
1,190
2,398
1,456,207
48,497
43,001
9,036
100,534
1,649,580
200
961,056
74,214
34,464
18,866
3,174
15,378
1,650
13,325
56,522
4,320
34,430
7,353
3,768
976
857
1,230,553
103,875
103,875
2022
£
161,631
40
161,671
4,022
64
1,367,771
52,085
42,106
94,191
1,627,719
150
837,808
57,336
32,430
7,598
4,679
22,930
12,637
21,866
4,224
53
32,582
4,562
104
110,906
976
5,569
1,156,410
81,869
81,869

This page does not form part of the statutory financial statements

Page 32

WELSH REFUGEE COUNCIL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

FOR THE YEAR END ED 31 MARCH 2023
2023 2022
£ £
Management
Brought forward
Professional		 103,875
26,298		 81,869
50,436
Premises 84,179 61,794
General Office 24,037 27,682
238,389 221,781
Finance
Bank charges 555 444
Support costs
Audit and accountancy fees		 6,165 6,109
Total resources expended 1,475,662 1,384,744
Net income 173,918 242,975

This page does not form part of the statutory financial statements

Page 33

Virtual Cabinet Portal Digital Signatures

Digital Signature Verification

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Signature Dates and Times

All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:

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Signature 1

Signed by Harry lies using authentication code WkhrXjYvUFJEfEts at IP address 81.131.216.95, on 2023/12/11 11 :37:24 Z.

Harry lles's e-mail address is: harry.iles@trustee.wrc.wales.

Signature 2

Signed by Naveed a Morgan using authentication code wqN8YzFTdmN 1 PmxoSQ== at IP address 86.132.23.251, on 2023/12/11 14:46:30 Z.

Naveeda Morgan's e-mail address is: naveeda.morgan@trustee.wrc.wales.