2021-03-31-accounts

							Page
Trustees' annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members				15
Statement	offinancial	activities	(including		income and
expenditure	account)						19
Statement	offinancial	position					20
Statement	ofcash flows						21
Notes to the financial		statements					22

REFERENC	E AND	ADNIINISTRA	ADNIINISTRA	TIVE DETAILS
Registered	charity	name		Size ofWales
Charity registration		number		1143178
Company registration			number	07642041
Principal office and		registered		Temple ofPeace
office				King Edward Vll Avenue
				Cathays Park
				Cardiff
				CF103AP
The trustees				Mr Stuart Clarke
				Mr Clive Thomas
				Dr Paul Belford		(Appointed	3June 2020)
				Mr Richard Huw Denman		(Appointed	3June 2020)
				Miss Sarah Evershed		(Appointed	3June 2020)
				Mr Anthony Burgess-Webb		(Resigned	1 April 2021)
				Mr Edward Glover		(Resigned	1 April 2021)
				Mrs Kathryn Jenkins		(Resigned	1 April 2021)
				Dr Kathryn Monk		(Resigned	1 April 2021)
				Mr Peter Device		(Resigned	24 May 2021)
				Mr Carwyn Jones		(Appointed	24 May 2021)
				Ms Rebecca Williams		(Appointed	12August 2021)
				Ms Lowri Jenkins		(Appointed	24August 2021)
				Ms Hannah Harvey		(Appointed	24 August 2021)
				Ms Carys Mair Thomas		(Resigned	13September 2021)
Key Management				Elspeth Jones		(until 3 December 2020)
				Nicola Pulman		(from 16November 2020)
Auditor				Carston
				Chartered accountants	&statutory	auditor
				1st Floor, Tudor House
				16Cathedral Road
				Cardiff
				CF11 9LJ
Bankers				Triodos Bank
				Brunel House
				11 The Promenade
				Bristol
				BSS3NN

			Y	ear end	ed 31 March	2021
						2021		2020
					Unrestricted	Restricted
					funds	funds	Total funds	Total funds
				Note	8	8	6	6
Income and	endowments
Donations and legacies				5	73,314	1,210,338	1,283,652	990,370
Investment	income			6	330		330	194
Other income				7	485		485
Total income					74,129	1,210,338	1,284,467	990,564
Expenditure
Expenditure	on charitable	activities		8,9	26,045	1,187,864	1,213,909	658,083
Other expenditure				12	106	—	106	129
Total expenditure					26,151	1,187,864	1,214,015	658,212
Net income	and net movement		in	funds	47,978	22,474	70,452	332,352
Reconciliation offunds
Total funds	brought forward				156,085	351,105	507,190	174,838
Total funds	carried forward				204,063	373,579	577,642	507,190

	31Ijarc	h 2021
			2021		2020
		Note	6
Fixed assets
Tangible fixed assets		17		2,497	2,196
Current assets
Debtors		18	52,594		16,471
Cash at bank and in	hand		556,262		542,396
			608,856		558,867
Creditors: amounts	falling due within one year	19	33,711		53,873
Net current assets				575,145	504,994
Total assets less current liabilities				577,642	507,190
Net assets				577,642	507,190
Funds ofthe charity
Restricted funds				373,579	351,104
General funds			125,520
Designated funds			78,543
Unrestricted funds				204,063	156,086
Total charity funds		21		577,642	507,190

	Year en	ded 31 March 20	21
			2021	2020
			6
Cash flows from operating	activities
Net income			70,452	332,352
Adjustments for:
Depreciation oftangible fixed assets			720	197
Other interest receivable and	similar income		(330)	(194)
Loss on disposal oftangible	fixed assets		106	129
Accrued (income)/expenses			(5,755)	12,090
Changesin:
Trade and other debtors			(36,123)	(4,035)
Trade and other creditors			(14,406)	(83,846)
Cash generated from operations			14,664	256,693
Interest received			330	194
Net cash from operating activities			14,994	256,887
Cash flows from investing	activities
Purchase oftangible assets			(1,128)	(2,154)
Proceeds from sale oftangible assets				50
Net cash used in investing activities			(1,128)	(2,104)
Net increase in cash and cash equivalents			13,866	254,783
Cash and cash equivalents	at beginning	ofyear	542,396	287,613
Cash and cash equivalents	at end ofyear		556,262	542,396

					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2021 f
Donations
Donations					73,314	20,000	93,314
The Waterloo	Foundation	-	donations			100,000	100,000
The Waterloo	Foundation	-	general	funding		30,000	30,000
Grants
Welsh Government						910,396	910,396
Joseph Rowntree Charitable			Trust			52,500	52,500
Millennium Stadium
Prince Albert	II Monaco	Foundation				19,032	19,032
Scottish Power						60,000	60,000
Other grants	receivable					18,410	18,410
					73,314	1,210,338	1,283,652
					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2020 f
Donations
Donations					58,467		58,467
The Waterloo	Foundation	-	donations		100,000		100,000
The Waterloo	Foundation	-	general	funding	30,000		30,000
Grants
Welsh Government						747,179	747,179
Joseph Rowntree Charitable			Trust			35,000	35,000
Millennium Stadium						5,000	5,000
Prince Albert	II Monaco	Foundation				1,390	1,390
Scottish Power						5,000	5,000
Other grants	receivable				4,500	3,834	8,334
					192,967	797,403	990,370

6.	Investment income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2021 f	Funds f	2020 f
	Bank interest receivable	330	330	194	194
7.	Other income
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds f	2021 f	Funds f	2020 f
	Other income	485	485

				Unrestricted	Restricted	Total Funds
				Funds	Funds	2021
				f	f	E
Grants	/	project	funding	26,045	1,183,024	1,209,069
Support		costs			4,840	4,840
				26,045	1,187,864	1,213,909
				Unrestricted	Restricted	Total Funds
				Funds f	Funds	2020 f
Grants	/	project	funding	156,140	496,428	652,568
Support		costs		1,495	4,020	5,515
				157,635	500,448	658,083

			Activities
			undertaken	Grant funding	Support	Total funds	Total fund
			directly E	ofactivities f	costs	2021 E	2020 f
Grants	/ project funding		306,644	902,425		1,209,069	652,568
Governance		costs			4,840	4,840	5,515
			306,644	902,425	4,840	1,213,909	658,083

10.	Analysis of	support costs
			Analysis of
			support costs f	Total 2021 E	Total 2020 f
	Governance	costs	4,840	4,840	5,515
11.	Analysis of	grants
				2021	2020
				E	F
	Grants to institutions
	Grants to institutions			902,425	427,498
	Total grants			902,425	427,498

Other expenditure
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
			f	E		f
Loss on disposal oftangible		fixed
assets held for charity's	own	use	106	106	129	129

13.	Year ended 31 March 2021 Net income	Year ended 31 March 2021 Net income
	Net income is stated after charging/(crediting):
			2021	2020
			E	F
	Depreciation oftangible fixed assets		720	197
	Loss on	disposal oftangible fixed assets	106	129
14.	Auditors	remuneration
			2021	2020
			E	E
	Fees payable for the audit ofthe financial statements		4,820	4,660

Staff costs
The total staff costs and	employee	benefits for the reporting	period are analysed as	follows:
			2021	2020
			E
Wages and salaries Social security costs			160,312 11,097	112,642 6,579
Employer contributions	to pension	plans	8,460	5,977
			179,869	125,198

17.	Tangible fixed asse	ts
			Equipment	Total
			E
	Cost
	At 1 April 2020		2,860	2,860
	Additions		1,128	1,128
	Disposals		(527)	(527)
	At 31 March 2021		3,461	3,461
	Depreciation
	At 1 April 2020		664	664
	Charge for the year		720	720
	Disposals		(420)	(420)
	At 31 March 2021		964	964
	Carrying amount
	At 31 March 2021		2,497	2,497
	At 31 March 2020		2,196	2,196
18.	Debtors
			2021	2020
			E	E
	Trade debtors		1,435	4,116
	Prepayments and accrued income		51,159	11,035
	Other debtors			1,320
			52,594	16,471
19.	Creditors: amounts	falling due within one year
			2021	2020
			E
	Trade creditors		10,518	33,373
	Accruals and deferred income		10,988	16,744
	Social security and other taxes			2,633
	Other creditors		12,205	1,123
			33,711	53,873

Unrestricted funds
	At				At 31
	1 April 2020	Income	Expenditure	Transfers	March 2021
	6		k		6
General funds	156,085	15,190	(3,470)	(42,285)	125,520
Designated funds:
Project Donations		58,939	(22,681)	42,285	78,543
	156,085	74,129	(26,151)		204,063
	At				At 31
	1 April 2019	Income	Expenditure	Transfers	March 2020
	6	6	6	8
General funds	120,688	193,161	(157,764)		156,085
	120,688	193,161	(157,764)		156,085
Restricted funds
	At				At 31
	I April 2020	Income	Expenditure	Transfers	March 2021
	6	2	6
Welsh Government	325,771	930,396	(1,046,422)		209,745
The Waterloo Foundation		130,000	(37,985)		92,015
Prince Albert II ofMonaco
Foundation		19,032	(19,032)
Scottish Power Fdn		60,000	(7,699)		52,301
Scottish Power Prize	5,000				5,000
Joseph Rowntree
Charitable Trust	17,500	52,500	(65,482)		4,518
KEEN	2,834	3,910	(6,744)
Moondance Foundation		4,500	(4,500)
Polden Puckham		10,000			10,000
	351,105	1,210,338	(1,187,864)		373,579
	At				At 31
	I April 2019 F	Income 6	Expenditure F	Transfers f	March 2020 k
Welsh Government	2,738	747,179	(424,146)		325,771
The Waterloo Foundation
Millennium Stadium		5,000	(5,000)
Prince Albert II ofMonaco
Foundation		1,390	(1,390)
Scottish Power Fdn	51,412		(51,412)
Scottish Power Prize		5,000			5,000
Joseph Rowntree
Charitable Trust		35,000	(17,500)		17,500
KEEN		3,834	(1,000)		2,834
	54,150	797,403	(500,448)		351,105

23.	Analysis	ofchanges in net debt
					At
			At 1 Apr 2020 f	Cash flows f	31 Mar 2021
	Cash at bank and in hand		542,396	13,866	556,262
24.	Operating	lease commitments