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||||||||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|
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|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||||
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||||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|
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||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|
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||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|
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||||||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|||
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|||||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|
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|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|
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|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|
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|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|
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|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||||
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