| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating |
the | director's | report) | ||
| Independent auditor's |
report to the members | ||||
| Statement offinancial | activities (including | income and | |||
| expenditure account) |
22 | ||||
| Statement offinancial | position | 23 | |||
| Statement ofcash flows | 24 | ||||
| Notes to the financial | statements | 25 |
| REFEREN | CE AND | ADMINISTRA | ADMINISTRA | TIVE DETAILS |
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|---|---|---|---|---|---|---|---|
| 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 | Ms Lowri Jenkins | ||||||
| Ms Rebecca Williams | |||||||
| Prof. Carwyn Jones | |||||||
| Ms Hannah Harvey |
|||||||
| Mr Stuart Clarke | |||||||
| Mr Clive Thomas | |||||||
| Dr Paul Belford | (resigned | 12October 2023) | |||||
| Mr Richard Denman | |||||||
| Miss Sarah Evershed | |||||||
| Key Management | Nicola Pulman (Director) |
||||||
| Barbara Davies&uy | (Deputy Director) | ||||||
| Auditor | Carston | ||||||
| Chartered accountants 8statutory |
auditor | ||||||
| 1st Floor, Tudor House | |||||||
| 16Cathedral Road |
|||||||
| Cardiff | |||||||
| CF119LJ | |||||||
| Bankers | Triodos Bank | ||||||
| Brunel House | |||||||
| 11The Promenade | |||||||
| Bristol | |||||||
| BSS3NN |
| Ye | ar end | ed 31 March | 2023 | ||||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | 8 | E | 6 | ||||
| Income and endowments | |||||||
| Donations and legacies |
5 | 90,477 | 1,012,153 | 1,102,630 | 1,213,487 | ||
| Investment income |
6 | 1,159 | 1,159 | 236 | |||
| Other income | 7 | 200 | |||||
| Total income | 91,636 | 1,012,153 | 1,103,789 | 1,213,923 | |||
| Expenditure | |||||||
| Expenditure on charitable |
activities | 8,9 | 65,769 | 1,204,257 | 1,270,026 | 1,160,678 | |
| Other expenditure | 12 | 152 | — | 152 | |||
| Total expenditure | 65,921 | 1,204,257 | 1,270,178 | 1,160,678 | |||
| Net (expenditure)/income | 25,715 | (192,104) | (166,389) | 53,245 | |||
| Transfers between | funds | 1,869 | (1,869) | ||||
| Net movement in |
funds | 27,584 | (193,973) | (166,389) | 53,245 | ||
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 209,340 | 421,547 | 630,887 | 577,642 | ||
| Total funds carried forward | 236,924 | 227,574 | 464,498 | 630,887 |
| Year en | ded 31 Nlarch 202 | 3 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| 5 | ||||
| Cash flows from operating Net (expenditure)/income |
activities | (166,389) | 53,245 | |
| Adjustments for: |
||||
| Depreciation oftangible fixed assets |
502 | 824 | ||
| Other interest receivable and | similar income | (1,159) | (236) | |
| Loss on disposal oftangible Accrued expenses |
fixed assets | 152 134 |
143 | |
| Changesin: Trade and other debtors |
6,564 | 21,338 | ||
| Trade and other creditors | (38,272) | 29,606 | ||
| Cash generated from operations |
(198,468) | 104,920 | ||
| Interest received | 1,159 | 236 | ||
| Net cash (used in)/from operating activities |
(197,309) | 105,156 | ||
| Net (decrease)/increase in |
cash and cash | equivalents | (197,309) | 105,156 |
| Cash and cash equivalents | at beginning | ofyear | 681,418 | 556,262 |
| Cash and cash equivalents | at end ofyear | 464,109 | 661,418 |
| Donations and le |
gacies | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds f |
Funds E |
2023 8 |
||||
| Donations | ||||||
| Donations | 44,578 | 44,578 | ||||
| The Waterloo Foundation - | donations | 100,000 | 100,000 | |||
| The Waterloo Foundation - | general | funding | 30,000 | 30,000 | ||
| Grants | ||||||
| Welsh Government | 651,700 | 651,700 | ||||
| Joseph Rowntree | Charitable | Trust | 15,899 | 79,497 | 95,396 | |
| Co-op Foundation | 72,698 | 72,698 | ||||
| Scottish Power | ||||||
| Hub Cymru Africa |
||||||
| Polden Puckham | Charitable | Foundation | 10,000 | 10,000 | ||
| US Embassy | ||||||
| Honnold Foundation |
75,258 | 75,258 | ||||
| Keep Wales Tidy | 22,000 | 22,000 | ||||
| WCIA Changemakers | 1,000 | 1,000 | ||||
| 90,477 | 1,012,153 | 1,102,630 |
| Unrestricted | Restricted | Total Funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | |||||
| E | |||||||
| Donations | |||||||
| Donations | 62,906 | 62,906 | |||||
| The Waterloo Foundation | - | donations | 100,000 | 100,000 | |||
| The Waterloo Foundation | - | general | funding | 30,000 | 30,000 | ||
| Grants | |||||||
| Welsh Government | 800,000 | 800,000 | |||||
| Joseph Rowntree | Charitable | Trust | 72,375 | 72,375 | |||
| Co-op Foundation | |||||||
| Scottish Power | 79,350 | 79,350 | |||||
| Hub Cymru Africa |
50,000 | 50,000 | |||||
| Polden Puckham | Charitable | Foundation | 10,000 | 10,000 | |||
| US Embassy | 8,856 | 8,856 | |||||
| Honnold Foundation |
|||||||
| Keep Wales Tidy | |||||||
| WCIA Changemakers | |||||||
| 62,906 | 1,150,581 | 1,213,487 |
| 6. | Investment | income | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| E | E | E | ||||
| Bank interest receivable | 1,159 | 1,159 | 236 | 236 | ||
| 7. | Other income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| E | E | |||||
| Other income | 200 | 200 |
| Unrestricted | Restricted | TotalFunds | ||
|---|---|---|---|---|
| Funds | Funds | 2023 | ||
| F | E | |||
| Grants | / project funding | 65,769 | 1,198,825 | 1,264,594 |
| Supportcosts | 5,432 | 5,432 | ||
| 65,769 | 1,204,257 | 1,270,026 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2022 | ||
| F | F | |||
| Grants / project funding Supportcosts |
61,924 141 |
1,092,676 5,937 |
1,154,600 6,078 |
|
| 62,065 | 1,098,613 | 1,160,678 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant funding | Support | Totalfunds | Total fund | |||
| directly | ofactivities | costs | 2023 | 2022 | |||
| F | E | E | E | ||||
| Grants | / project funding | 448,978 | 815,616 | 1,264,594 | 1,154,600 | ||
| Governance | costs | 5,432 | 5,432 | 6,078 | |||
| 448,978 | 815,616 | 5,432 | 1,270,026 | 1,160,678 |
| 10. | Analysis of | support costs | |||
|---|---|---|---|---|---|
| Analysis of | |||||
| support costs | Total 2023 | Total 2022 | |||
| E | |||||
| Governance | costs | 5,432 | 5,432 | 6,078 | |
| 11. | Analysis of | grants | |||
| 2023 | 2022 | ||||
| E | |||||
| Grants to institutions | |||||
| Grants to institutions | 815,616 | 756,629 | |||
| Total grants | 815,616 | 756,629 |
| Other expenditure | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2023 | Funds | 2022 | |||
| E | E. | E | ||||
| Loss on disposal oftangible | fixed | |||||
| assets held for charity's | own | use | 152 | 152 |
| 13. | Net (expenditure)/income | Net (expenditure)/income | Net (expenditure)/income | Year ended 31 March 2023 | |||
|---|---|---|---|---|---|---|---|
| Net (expenditure)/income | is | stated after charging/(crediting): | |||||
| 2023 | 2022 | ||||||
| F | E | ||||||
| Depreciation | oftangible | fixed assets | 502 | 824 | |||
| Loss on | disposal oftangible | fixed assets | 152 | ||||
| 14. | Auditors | remuneration | |||||
| 2023 | 2022 | ||||||
| E | E | ||||||
| Fees payable | for the audit ofthe financial statements | 5,292 | 5,040 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2023 | 2022 | |||
| E | F | |||
| Wages and salaries Social security costs |
301,768 22,079 |
216,021 16,017 |
||
| Employer contributions | to pension | plans | 18,350 | 12,845 |
| 342,197 | 244,883 |
| 17. | Tangible fixed asset | s | ||
|---|---|---|---|---|
| Equipment | Total | |||
| 6 | ||||
| Cost | ||||
| At 1 April 2022 | 3,461 | 3,461 | ||
| Disposals | (359) | (359) | ||
| At 31 INarch 2023 | 3,102 | 3,102 | ||
| Depreciation | ||||
| At 1 April 2022 | 1,788 | 1,788 | ||
| Charge for the year | 502 | 502 | ||
| Disposals | (207) | (207) | ||
| At 31 March 2023 | 2,083 | 2,083 | ||
| Carrying amount At 31 March 2023 |
1,019 | 1,019 | ||
| At 31 March 2022 | 1,673 | 1,673 | ||
| 18. | Debtors | |||
| 2023 | 2022 | |||
| E | ||||
| Trade debtors | 212 | 20,000 | ||
| Prepayments and accrued income |
24,480 | 11,256 | ||
| 24,692 | 31,256 | |||
| 19. | Creditors: amounts | falling due within one year | ||
| 2023 | 2022 | |||
| E | ||||
| Trade creditors | 3,347 | 29,289 | ||
| Accruals and deferred | income | 11,265 | 11,131 | |
| Social security and other taxes | 6,151 | 5,463 | ||
| Other creditors | 4,559 | 17,577 | ||
| 25,322 | 63,460 |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| At 1 | At 31 | ||||
| Apdl 2022 | Income | Expenditure | Transfers 6 |
March 2023 6 |
|
| General funds | 141,851 | 47,403 | (265) | 9,058 | 198,047 |
| Project Donations | 67,489 | 44,233 | (65,656) | (7,189) | 38,877 |
| 209,340 | 91,636 | (65,921) | 1,869 | 236,924 | |
| At 1 | At 31 | ||||
| April 2021 | Income | Expenditure | Transfers | March 2022 | |
| E | 6 | ||||
| General funds | 125,520 | 436 | 3,025 | 12870 | 141 851 |
| Project Donations | 78,543 | 62,906 | (65,090) | (8,870) | 67,489 |
| 204,063 | 63,342 | (62,065) | 4,000 | 209,340 | |
| Restricted funds | |||||
| At 1 | At 31 | ||||
| April 2022 | Income | Expenditure | Transfers | INarch 2023 | |
| 8 | F | 5 | E | ||
| Welsh Government | 277,394 | 651,700 | (872,719) | 56,375 | |
| The Waterloo Foundation |
88,076 | 100,000 | (98,076) | 90,000 | |
| Hub Cymru Africa | 10,000 | (10,000) | |||
| Scottish Power | |||||
| Foundation | 24,506 | (22,637) | (1,869) | ||
| Scottish Power Prize | |||||
| Fund | 5,000 | (3,307) | 1,893 | ||
| Joseph Rowntree | |||||
| Charitable Trust |
8,126 | 79,497 | (75,452) | 12,171 | |
| Polden Puckham | |||||
| Charitable Foundation |
6,589 | 10,000 | (6,589) | 10,000 | |
| US Embassy | 1,856 | (3,799) | (1,943) | ||
| The Co-operative | |||||
| Foundation | 72,698 | (14,348) | 58,350 | ||
| Keep Wales Tidy | 22,000 | (22,000) | |||
| The Honnold Foundation |
75,258 | (75,258) | |||
| WCIA Changemakers | 1,000 | (72) | 928 | ||
| 421,547 | 1,012,153 | (1,204,257) | (1,869) | 227,574 |
| 22. | Analysis | of net as | se | ts between funds | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds f |
2023 6 |
|||||
| Tangible | fixed assets | 1,019 | 1,019 | ||||
| Current assets | 261,227 | 227,574 | 488,801 | ||||
| Creditors | less than | 1 | year | (25,322) | (25,322) | ||
| Net assets | 236,924 | 227,574 | 464,498 | ||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2022 | |||||
| f | |||||||
| Tangible | fixed assets | 1,673 | 1,673 | ||||
| Current assets | 236,127 | 456,547 | 692,674 | ||||
| Creditors | less than | 1 | year | (28,460) | (35,000) | (63,460) | |
| Net assets | 209,340 | 421,547 | 630,887 | ||||
| 23. | Analysis | ofchanges | in net debt |
| Analy | sis | ofc | han | ges | in net debt |
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|---|---|---|---|---|---|---|---|---|---|---|---|
| At | |||||||||||
| At | 1 | Apr 2022 | Cash flows | 31 Mar | 2023 | ||||||
| F | E | 8 | |||||||||
| Cash | at | bank | and | in | hand | 661,416 | (197,309) | 464,109 |