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← Ash Wales Limited

2024-03-31-accounts

Charity registration number 1120834

Company registration number 06030302 (England and Wales)

ASH WALES LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

ASH WALES LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs H Poole
Mr S Wilkinson
Mrs K Thompson
Professor G Moore
Mr J Phillips
Mr R M Spear
Mr S Price
Charity number 1120834
Company number 06030302
Registered office 14 Hollybush Rise
Cardiff
Wales
CF23 6TG
Independent examiner WBV Limited
The Third Floor
Langdon House, Langdon Road
SA1 Swansea Waterfront
Swansea
Wales
SA1 8QY

ASH WALES LIMITED

CONTENTS

Page
Trustees report 1 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 19

ASH WALES LIMITED

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 charity's Memorandum and Articles of Association, 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

ASH Wales is the only public health charity in Wales whose work is dedicated to tackling the harm and inequality caused by tobacco. Set up in 2007, we are an independent body working in partnership with other leading bodies and our sister organisations across the UK.

Our mission

To achieve a smoke-free Wales by working for robust tobacco control policy. We work to raise awareness of the health, social and economic effects of smoking by working with communities, young people and partners across Wales. We work on projects, campaigns and policy to achieve a reduction in, and eventual elimination of, the health problems associated with smoking and tobacco use.

Summary of the objectives of the charity set out in its governing document

The objectives for which the Charity is established are to preserve and protect the physical and mental health of people living in Wales who are those, in particular but not exclusively, practising or likely to practise cigarette or other forms of smoking by:

Public benefit

The Trustees have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Activities

Our key activities

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

The main activities undertaken to further the charity’s purpose for public benefit are noted throughout the report.

Strategic Priorities

In 2023 ASH Wales developed a three-year strategy aimed at bringing about the changes needed for Wales to achieve its smoke-free ambition (5% smoking rate by 2030).

With a strategic focus on influencing policy, community engagement, and emboldening tobacco regulation and enforcement ASH Wales aims to reach its vision of a world free from the harm caused by tobacco.

Addressing health inequalities and outcomes ensuring that no smoker is left behind is a key priority as we move towards the 2030 target.

There are three primary strategic aims;

The Tobacco Control Action Plan 2022-2030 sets out a clear path to a smokefree Wales including, two-year reviews and long-term targets;

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Achievements and performance

Significant activities and achievements against objectives

Building robust coalitions to support changes in tobacco control

Consolidating a strong network of coalition partners and alliances has been of paramount importance in leveraging legislative changes within the Welsh Parliament. Ash Wales was a lead contributor on Wales’ Tobacco Control Strategy Board, Incident Response Group established by Public Health Wales, Smokefree Action Coalition connecting at a UK level as well as facilitating the Wales Tobacco Control Alliance (WTCA) and Cross-Party Groups. Through these networks, we have effectively advocated measures that prioritise public health and make positive steps towards our collective smoke-free ambition.

Within our WTCA forums, we secured joint endorsement for the UK Government’s Tobacco and Vapes Bill that includes Raising the Age of Sale for tobacco products. This proposed legislation would mean that people born since the start of 2009 would never legally be sold tobacco products. ASH Wales and partners worked with Welsh Government to support the positive four nation approach to introducing this bill.

In addition, ASH Wales championed calls for the implementation of a retail register for tobacco and nicotine products in Wales, communicating the evidence of support received both from the retail industry and the wider public. Provisions for a retail register were laid down in the Public Health (Wales) Act 2017, but the legislation has yet to be enacted. We engaged with all Welsh MPs and every MS to ensure that the rationale, evidence and delivery of this legislation would be articulated without undue influence from the tobacco industry.

To deepen the understanding of the benefits of further regulation, our cross-party group provided the conduit to engage more than 40 stakeholder organisations and political actors in key discussions on the introduction of a register or a licensing scheme. We provided a platform for expert voices from Scotland (where a retail register has been enacted) to communicate the successes and challenges of implementing a register. This established coalition support for a retail register to be included in the second phase of the Tobacco Control Plan for Wales 2024/2026.

Gathering evidence and expansion of tobacco control

ASH Wales has actively sought to develop valuable evidence/datasets that demonstrate and measure the broader societal support for tobacco control measures and exploring trends and behavioural influences that present emerging challenges. Ash Wales commissioned and developed three surveys canvassing perceptions from industry, schoolchildren and the wider public securing feedback from 13,736 respondents across Wales. These powerful insights have enabled us to channel perspectives through our professional networks and underpin calls for changes within the tobacco control landscape. Their publication generated significant interest across broadcast and print media. Additionally, they have supported our outreach and intervention methods highlighting pockets of smoking and vaping prevalence within a national context and how we can best tackle the stubbornly enduring health inequalities.

In broadening our communications strategy, we have used flagship events notably ‘ No Smoking Day ’ and ‘ World No Tobacco Day ’ to emphasise the health, financial and environmental consequences of tobacco use – and signifying it is never too late to quit for even the most ardent smokers. Supported through both digital and physical engagements, we delivered highly impactful campaigns stimulating new audiences about the importance of smokefree Wales. Securing both political endorsement within the Senedd whilst also promoting our messaging across 4,000 community settings such as GP surgeries, pharmacies, dentists, community hubs and sexual health clinics. Our campaign materials enjoyed an audience of over 1 million across all social media platforms while generating substantial coverage across broadcast, online and print media.

We extended our reach to reduce public visibility of smoking thus denormalising the habit by securing two new voluntary smokefree beach sites on the Isle of Anglesey. Developed through collaboration with Betsi Cadwalladr University Health Board, ASH Wales championed calls for the beaches of Benllech and Trearddur Bay to adopt the voluntary ban. This was achieved through extensive consultation with vested stakeholders, ensuring public involvement at every step and was coronated with a launch event with participation from more than 70 local schoolchildren. The event helped elevate the profile of the scheme featuring on the national news bulletins of both BBC Cymru and ITV Wales.

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

ASH Wales engaged with the Greater Manchester Integrated Care Partnership (ICP) and Dr. Matthew Evison, clinical lead of Greater Manchester’s 'Make Smoking History' programme, to gain insights into the implementation of smokefree hospital grounds across the UK. Based on these insights, we formulated a briefing document for the Welsh Government with the following recommendations:

Targeted Interventions to address health inequalities

ASH Wales appointed a project delivery lead to coordinate future engagements with educational bodies through assemblies, workshops, webinars, educational resources, and digital engagement. A scheme of learning aligned with the RSE New Curriculum for Wales has been developed, adaptable to different age groups and teaching environments. This intervention package has been essential in building relationships within the sector and providing schools and local authorities with accessible solutions. Our key drivers include:

Supported by the National Lottery Community Fund, ASH Wales created a webinar series focusing on the emerging popularity of vaping. The series provided informative and educational content to those dealing with underage vaping in their communities. The webinars, titled “Introduction to Vaping” “Vaping Among Young People” and "Illegal Vapes and Tobacco Among Young People" attracted 172 attendees, and strong engagement. The sessions covered the illicit market of vapes and tobacco, including cannabis sales, drawing insights from ASH Wales' research, including the NEMs Survey in 2021 and the interim results of the Vaping Survey in Secondary Schools across Wales.

A private webinar was delivered to 21 members of Dyfed Powys Police, highlighting the series' diverse audience, spanning educational, health, care, trading standards, and government sectors. With 542 tickets registered and positive engagement across all webinars, ASH Wales plans to host more sessions, leveraging the success and accessibility of the recorded sessions available on our website.

In June 2023, we delivered the annual Wales Tobacco and Health Network with keynote speakers specializing in the evidence concerning smoking and cannabis co-use among young people, highlighting the possible long-term effects and influence on current smoking rates. Speakers included:

The event attracted cross-sector appeal with attendees from public health, enforcement, education, academia, and frontline services. Breakout sessions enabled participants to share learning and experiences, proposing service improvements to better interface with individuals. The forum provided invaluable perspectives for our stakeholders, with 101 attendees (58 physical, 43 digital)

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Tackling the illegal tobacco and vape market

ASH Wales again collaborated with Betsi Cadwalladr UHB to build on the brand recognition of the No Ifs, No Butts platform and incite further community action to combat the impact of illegal tobacco through a short-burst highintensity campaign across North Wales spanning 10 weeks (August-October) The campaign’s focus was to increase knowledge on illegal tobacco; the addiction it causes and the crime it brings into the community. Using well defined behavioural-focused messaging to promote community engagement, increase instances of reporting and overall awareness of the No Ifs. No Butts brand.

Analysis showed a 600% increase in reports from North Wales (directly comparing the campaign period with 2022) with 99 reports received.

In the national picture, we continued to support our Trading Standards Wales operatives calling publicly for additional resourcing to tackle the increasing problem of illegal tobacco and vapes. Following the conclusion of training rolled out at the beginning of 2023, ASH Wales developed a toolkit to support Trading Standards teams which is accessible through a secured online platform detailing public health messaging and effective methods for identification, surveillance and prosecution of illegal retailers. Statistical insights below demonstrate the important function it continues to serve in supplying Trading Standards Wales with actionable intelligence on rogue retailers.

No Ifs, No Butts 1st April 2023 – 31st March 2024 Users: 24,097 Page views: 31,442 Actionable reports: 397

Financial review

The income of the charity amounted to £289,740 (2023: £320,943) of which £17,699 was unrestricted (2023: £400). The charity made an overall deficit of £18,933 for the year ended 31 March 2024 (2023: surplus of £39,162) of which £17,615 related to an unrestricted surplus (2023: deficit of £95).

Reserves policy

The Trustees review the organisation’s Reserve policy on an annual basis as part of its future planning processes. Considerations are made in accordance with the best practice approach set out by the Charity Commission’s guidance CC19. This recognises the need to hold adequate free reserves to ensure the protection of our core activities in the event of an income shortfall. Our income is primarily generated through grant funding which can be subject to volatility in the current economic climate. The Trustees will keep this under regular review and act decisively when action is required.

To serve business continuity, the Trustees feel it prudent to operate with no less than 6 months of reserves with a maximum value of 12 months reserves to be held in the event of unprecedented circumstances. This is with the view to ensure greater flexibility and adaptation to market conditions through the provision of working capital.

The charity has reserves totalling £376,726 as at 31 March 2024 (2023: £395,659) of which £299,327 relate solely to unrestricted funds (2023: £281,712). The free reserves of the charity as at 31 March 2024 totalled £299,327 (2023: £281,712).

Risk Management

The Trustees have ultimate responsibility for the management of the organisation’s risks. The impact of Covid-19 brought with it a period of uncertainty and change and as part of its good governance the Trustees have considered a wide range of areas that could affect the future of ASH Wales. The Trustees have worked with staff to put in place measures to secure the future of the organisation. These measures have been set out in the risk register and changes to these are agreed at every quarterly meeting.

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Plans for future periods

Ash Wales has committed to a number of established workstreams aimed at maximising tobacco control actions and minimise smoking-related harm and inequalities throughout 2024-2025. This will encompass a broad spectrum of activities in which Ash Wales will assume a leading role in delivery, actively supporting cross-sector/crossorganisational collaboration and lend our expertise in the fulfilment of policy development, service innovation and pioneering research undertaken by external parties.

These activities have been agreed in principle with our primary funders and will shape our priorities for 2024-2025 as below to:

Support national strategies to achieve a smoke-free Wales

Support action to reduce tobacco-related inequalities.

Supporting action to ensure every smoker has the support they need to quit.

Work to optimise tobacco related regulations.

Promote working with partners across Europe and the UK

ASH WALES LIMITED

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

ASH Wales became a company limited by guarantee without share capital on the 15[th] December 2006, company number 1120834. ASH Wales commenced trading on the 2[nd] April 2007.

ASH Wales Ltd was granted charity status on the 13[th] September 2007, charity number 6030302.

The governing documents of ASH Cymru Wales are the Memorandum and Articles of Association.

The registered office of the charity is:

14 Hollybush Rise

Cardiff

Wales

CF23 6TG

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mrs H Poole

Mr S Wilkinson Mrs K Thompson Professor G Moore Mr M Cridland (Resigned 29 January 2024) Mr J Phillips Mr R M Spear Mr S Price Mrs K Retallick (Resigned 29 January 2024)

Recruitment and appointment of trustees

The Directors of ASH Wales Ltd are the Trustees for the charity and are referred to as Trustees throughout this report. The Trustees form the Board of the company, which meets at least four times each year and which sets the Operational and Financial Strategic Framework for the company.

The Board elects trustees, including the Chair. Trustees are given an induction pack in line with Charities Commission’s guidance.

Organisational Structure

The Chief Executive of ASH Cymru Wales is a paid member of staff who is responsible for the day-to day operation of the organisation, within the Strategic Framework set by the Board, and is accountable to the Board.

The trustees report was approved by the Board of Trustees.

.............................. Mr S Price Trustee

10 December 2024

ASH WALES LIMITED

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ASH WALES LIMITED

I report to the trustees on my examination of the financial statements of Ash Wales Limited (the charity) for the year ended 31 March 2024.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Richard Chapple

Mr Richard N Chapple ACCA

The Third Floor Langdon House, Langdon Road SA1 Swansea Waterfront Swansea SA1 8QY Wales

10 December 2024

ASH WALES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2024

Unrestricted
Restricted
funds
funds
2024
2024
Notes
£
£
Income from:
Donations and legacies
3
2,000
-
Charitable activities
4
9,898
272,041
Investments
5
5,801
-
Total income
17,699
272,041
Expenditure on:
Raising funds
6
-
707
Charitable activities
7
84
307,882
Total expenditure
84
308,589
Net income/(expenditure) and
movement in funds
17,615
(36,548)
Reconciliation of funds:
Fund balances at 1 April 2023
281,712
113,947
Fund balances at 31 March
2024
299,327
77,399		 Total
Unrestricted
Restricted
funds
funds
2024
2023
2023
£
£
£
2,000
-
-
281,939
400
319,230
5,801
-
1,313
289,740
400
320,543
707
-
2,920
307,966
495
278,366
308,673
495
281,286
(18,933)
(95)
39,257
395,659
281,807
74,690
376,726
281,712
113,947		 Total
2023
£
-
319,630
1,313
320,943
2,920
278,861
281,781
39,162
356,497
395,659

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

ASH WALES LIMITED

BALANCE SHEET

AS AT 31 MARCH 2024

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|||||| |---|---|---|---|---| |2024|2023| |Notes|£|£|£|£| |Current assets| |Debtors|12|53,071|50,432| |Cash at bank and in hand|378,564|365,364| |431,635|415,796| |Creditors: amounts falling due within|13| |one year|(54,909)|(20,137)| |Net current assets|376,726|395,659| |Net assets excluding pension liability|376,726|395,659| |The funds of the charity| |Restricted income funds|15|77,399|113,947| |Unrestricted funds|299,327|281,712| |376,726|395,659|

----- End of picture text -----

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.

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 for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on 10 December 2024.

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|||| |---|---|---| |SS|..............................|Puce| |Mr S Price| |Trustee|

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Company registration number 06030302 (England and Wales)

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

Charity information

Ash Wales Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 14 Hollybush Rise, Cardiff, CF23 6TG, Wales.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing 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 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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity 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 receipt. Other donations are recognised once the charity has been notified of the donation, unless performance 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.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

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.

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 between 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.

1.6 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with 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.

1.7 Financial instruments

The charity 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 charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with 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.

Basic financial assets

Basic financial assets, which include debtors 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. Financial assets classified as receivable within one year are not amortised.

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 classified 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 effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

1 Accounting policies

(Continued)

1.8 Employee benefits

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 charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying 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 where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Unrestricted
funds funds
2024 2023
£ £
Donations and gifts 2,000 -
4 Income from charitable activities
2024 2023
£ £
Training income 10,396 -
Performance related grants 271,543 319,630
281,939 319,630
Analysis by fund
Unrestricted funds 9,898 400
Restricted funds 272,041 319,230
281,939 319,630

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

4 Income from charitable activities

(Continued)

Performance related grants analysis

British Heart Foundation
Welsh Government
Cancer Research UK
Public Health Wales NHS Trust
Awards for All
Betsi (BCU)
Tactical Medical
Cardiff University		 2024
£
52,557
146,000
58,736
12,500
-
1,750
-
-
271,543		 2023
£
53,114
156,700
53,544
19,500
9,664
22,000
400
4,708
319,630

5 Income from investments

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2024 2024 2024 2023 2023 2023
£ £ £ £ £ £
Interest receivable 5,801 - 5,801 - 1,313 1,313

6 Expenditure on raising funds

Restricted Restricted
funds funds
2024 2023
£ £
Fundraising and publicity
Events and exhibitions 707 2,920

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2024

7 Expenditure on charitable activities

Direct costs
Staff costs
Other staff costs
Travel and subsistence
Rent, rates and service charges
Heat and light
Premises repairs and cleaning
Telephone, internet and IT
Advertising and marketing
Bank charges
Insurance
Research and assembly monitoring
Translation fees
Printing, postage, stationery and subscriptions
Share of support and governance costs (see note 8)
Governance
Analysis by fund
Unrestricted funds
Restricted funds
Support costs allocated to activities
Governance costs
Analysed between:
Charitable activities		 2024
£
248,154
3,241
5,021
1,553
-
150
7,233
16,312
156
563
10,632
860
8,348
302,223
5,743
307,966
84
307,882
307,966
2024
£
5,743
5,743		 2023
£
200,001
4,589
3,718
14,664
462
5,264
7,556
13,797
193
694
8,400
1,238
11,538
272,114
6,747
278,861
495
278,366
278,861
2023
£
6,747
6,747

8 Support costs allocated to activities

Governance costs include payments to the independent examiners of £2,400 (2023: £2,400)

9 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

No trustees were reimbursed for travel and subsistence costs during the year (2023: no trustees were reimbursed for travel and subsistence costs).

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

10 Employees

The average monthly number of employees during the year was:

2024 2023
Number Number
8 6

There were no employees whose annual remuneration was more than £60,000.

11 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

12 Debtors

Amounts falling due within one year:
Trade debtors
Prepayments and accrued income		 2024
£
48,416
4,655
53,071		 2023
£
45,778
4,654
50,432

13 Creditors: amounts falling due within one year

Other taxation and social security
Other creditors
Accruals and deferred income		 2024
£
22,030
20,627
12,252
54,909		 2023
£
-
14,637
5,500
20,137

14 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The amount paid in relation to pension costs in the year totalled £13,075 (2023: £11,351), at the year end there was £7,789 outstanding (2023: £nil).

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
Welsh Governnment 8,731 146,000 (146,955) 7,776
British Heart Foundation 15,520 52,557 (56,746) 11,331
Cancer Research UK 10,212 58,736 (74,750) (5,802)
Pfizer 6,439 - - 6,439
Awards for All 6,089 - (3,888) 2,201
Respiratory Innovation Wales (RIW) 29,416 - - 29,416
Betsi (BCU) 18,040 1,750 - 19,790
Public Health Wales 19,500 12,998 (26,250) 6,248
113,947 272,041 (308,589) 77,399
Previous year: At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
Welsh Governnment 10,918 158,013 (160,200) 8,731
British Heart Foundation 8,865 53,114 (46,459) 15,520
Cancer Research UK 15,210 53,544 (58,542) 10,212
Pfizer 6,439 - - 6,439
Awards for All 3,842 9,664 (7,417) 6,089
Respiratory Innovation Wales (RIW) 29,416 - - 29,416
Betsi (BCU) - 22,000 (3,960) 18,040
Public Health Wales - 19,500 - 19,500
Cardiff University - 4,708 (4,708) -
74,690 320,543 (281,286) 113,947

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

15 Restricted funds

(Continued)

Welsh Government is a grant to provide tobacco control services and third sector leadership.

British Heart Foundation i s a grant to undertake tobacco related research and policy analysis for Wales.

Cancer Research is a grant to support our campaigns and communication work.

Pfizer is a grant to facilitate a social media campaign to promote smoking cessation during the Covid 19 pandemic.

Awards for All is a grant to create a range of smoking cessation materials for debt and housing advisors.

Respiratory Innovation Wales (RIW) is a grant to carry out survey and research work into the digitalisation of smoking cessation services.

Betsi (BCU) is a grant to increase public awareness of the Welsh Government illegal tobacco and vapes campaign ‘NO IFS. NO BUTTS’ in targeted communities in North Wales.

Public Health Wales is a grant to deliver an All Wales Campaign to support No Smoking Day in Wales on[13th] March 2024.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 281,712 17,699 (84) 299,327
Previous year: At 1 April Incoming Resources At 31 March
2022 resources expended 2023
£ £ £ £
General funds 281,807 400 (495) 281,712

ASH WALES LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

17 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Current assets/(liabilities)
312,082
64,644
312,082
64,644
Per balance sheet
299,327
77,399
Balance to allocate
(12,755)
12,755
Unrestricted
Restricted
funds
funds
2023
2023
£
£
At 31 March 2023:
Current assets/(liabilities)
281,712
113,947
281,712
113,947		 Total
2024
£
376,726
376,726
376,726
-
Total
2023
£
395,659
395,659

18 Related party transactions

There were no disclosable related party transactions during the year (2023 - none).