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||||||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|
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|REFEREN|CE AND|ADMINISTRA|ADMINISTRA|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||||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||||
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|||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|
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||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|
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|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|
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||||||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|
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|||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|||
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|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|
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|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|
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|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|
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|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|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||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||
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