2021-03-31-accounts - Llenyddiaeth Cymru - Literature Wales

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		Page
Report ofthe Trustees	1	to 44
Statement ofTrustees' Responsibilities		45
Report ofthe Independent Auditors	46 to 49
Statement of Financial Activities		50
Balance Sheet	51	to 52
Cash Flow Statement		53
Notes to the Cash Flow Statement		54
Notes to the Financial Statements	55 to 72
Detailed Statement of Financial Activities	73 to 74

Performance Summary.
Our Year in Numbers
Expenditure on Writers		and Artists .
Our Year in Money ..
Our Activity. .
Health and Well-being				.10
Children and Young People. .				, 12
Representation and Equality. .				"13
Wales' Literary Culture		.		.16
Writer Development.				.18
Participation ..				.20
Operations.				. 22
Fundrai sing ..				23
Communications				25
Monitoring 8 Evaluation		..		27
Ty Newydd 2020/21.				29
HR ..				..30
Governance 8 Sector	Consultation.			. 32
Sector Facilitation.				"34
Risk.				.36
Finance.				37
Our Partners.				39
Structure, Governance	and Management.			, 41
Structure, Governance		and Management	..	..42

Il&nyodoo1 Cymr ws hYATHPOATTAWJT lJ?J)If lSlÉ 01 Afv er or Sum p o w Y s" 0201202 ftEDIGio% CARMAR THEN PEMBROKESHIRE, ATtI Al•or Llen

VIO$ Literature Wales Our Year in Numbers 2020/2021 367,236 101,924 £ioo,000 33,463 creative participants ond oudience members Ilncluding dlgltol figurÈsl engoged with our oclivily di9ltol and In-person ottendonce5 by children & young people Invested to increase diver51iy in the sector vi(5 Representing Wales unique page vlew5 of our online wiiter developfflenl infortnotion 387 280 250 144 Sndlviduols, groups ond organlsations received fundlng or In-kind support from us crealive and profes5ionol opportunities provlded to early coreer writers estoblished writers engaged in our high- profile projects commissions aworded to eslublished writers through our intervenlion 340/0 250/0 18 ofT* Newydd course porliciponts reporled o posStlve Impocl on thelr well-being wilh O reporting o negotlve irnpac more creol5ve porticiponts were directed to ourwliter devÉlopment oppoYtunltSes than in 2019-2020 more young writers Ilb- 301 were provided with susloined support thon in portnershlps and exchange Projects focilitoled or supported oul5ide of Woles 2019-2020 Llenyddiaeth LIternre

LLenyddlaFlh Lliproh¥ WO Our.A TJ 2020/2021 Llenyddiaeth, Cymru Literature Wales

Llefftydd&)olh Èrdtiohs 2020/2021 .')Al" ne day I will read ol those books and those adventur Llenyddiaelh mru leralure Wales 22

							2021	2020
					Unrestricted	Restricted	Total	Total
					funds	funds	funds	funds
				Notes	E	f	E	f
INCOME AND ENDOWMENTS			FROM
Donations and legacies				3	3,828		3,828	2,647
Charitable activities				6	794,689	90,596	885,285	1,143,991
Other trading activities				4	21,291		21,291	28,457
Investment income				5	1,197		1,197	1,203
Other income					15,323		15,323	8,019
Total					836,328	90,596	926,924	1,184,317
EXPENDITURE ON
Raising funds				7	32,742		32,742	49,981
Charitable activities				8	756,342	59,014	815,357	1,110,393
Total					789,084	59,014	848,098	1,160,374
NET INCOME					47,245	31,581	78,826	23,943
RECONCILIATION	OF FUNDS
Total funds brought		forward			307,543	918,608	1,226,151	1,202,208
TOTAL FUNDS CARRIED FORWARD					354,788	950,189	1,304,977	1,226,151

			2021	2020
		Notes	'Z	f
FIXEDASSETS
Tangible assets		15	893,004	898,050
CURRENT ASSETS
Stocks		16	1,472	1,561
Debtors		17	66,495	142,015
Cash at bank and	in hand		537,691	452,110
			605,658	595,686
CREDITORS
Amounts falling due within one year		18	(193,685)	(267,585)
NET CURRENT ASSETS			411,973	328,101
TOTAL ASSETS	LESSCURRENT
LIABILITIES			1,304,977	1,226,151
NET ASSETS			1,304,977	1,226,151
FUNDS		20
Unrestricted funds			354,788	307,543
Restricted funds			950,189	918,608
TOTAL FUNDS			1,304,977	1,226,151

				2021	2020
		Notes			f
Cash flows from operating	activities
Cash generated from operations		1		84,384	~49,678)
Net cash provided by/(used	in) operating
activities				84,384	~49678)
Cash flows from investing	activities
Purchase oftangible fixed assets					(10,337)
interest received				1,197	1,203
Net cash provided by/(used	in) investing		activities	1,197	~9,134)
Change in cash and cash
equivalents in the reporting
period				85,581	(58,812)
Cash and cash equivalents	at the
beginning ofthe reporting	period			452,110	510,922
Cash and cash equivalents	at the
end ofthe reporting period				537,691	452,110

RECONCILIATION	RECONCILIATION	OF NET	INCOME TO NET CASH FLOW	FROM OPERATING	FROM OPERATING
ACTIVITIES
				2021	2020
					f
Net income	for the	reporting	period (as per the Statement
of Financial	Activities)			78,826	23,943
Adjustments	for:
Depreciation	charges			5,046	5,227
Interest received				(1,197)	(1,203)
Decrease/(increase)		in stocks		89	(223)
Decrease in	debtors			75,520	29,707
Decrease in	creditors			~73,900)	(107,129)
Net cash provided		by/(used	in) operations	84,384	~49,678)

ANALYSIS OF C	HANGES IN NET FU	NDS
		At 1/4/20	Cash flow	At 31/3/21
		F	6	F
Net cash
Cash at bank and	in hand	452,110	85,581	537,691
		452,110	85,581	537,691
Total		452,110	85,581	537,691

Freehold land and buildings	2'/o straight line	2'/o straight line
Plant and machinery	10'/o and 20/o	reducing	balance
Fixtures and fittings	10'k reducing	balance

revision affect	s both current and future periods.
DONATIONS	AND LEGACIES
		2021	2020
		E
Donations		3,828	2,647
OTHER TRADING ACTIVITIES
		2021 f	2020 F.
Sale of books		7,861	10,408
Hire of Ty Newydd		13,430	18,049
		21,291	28,457

5.	INVESTMENT INCOME	INVESTMENT INCOME	INVESTMENT INCOME
					2021	2020
					F	F.
	Interest receivable				1,197	1,203
8.	INCOME FROM	CHARITABLE ACTIVITIES
					2021	2020
					E	f
	Income from activities				24,838	214,332
	Grants				880,447	929,659
					885,285	1,143,991
	Grants received,	included		in the above, are as follows:
					2021	2020
					E	f
	Arts Council ofWales				799,485	851,264
	Welsh Assembly	Government			1,000	5,000
	Bardd Plant Cymru				10,000	10,000
	Reading Friends				10,540	25,295
	Other				39,422	38,100
					880,447	929,659
7.	RAISING FUNDS
	Raising donations		and	legacies
					2021	2020
					E
	Fundraising				23,709	26,368
	Ty Newydd Operational				9,033	23,613
					32,742	49,981

						Grant
						funding	of
					Direct	activities		Support
					Costs (see	(see note		costs (see
					note 9)	10) 6		note 11) f	Totals
Income from		activities			749,345			31,736	781,082
Grants						34,275			34,275
					749,345	34,275		31,736	815,357
DIRECT COSTS OF			CHARITABLE ACTIVITIES
								2021 f	2020 6
Participation								157,008	247,001
Writer development								109,658	465,184
Wales literary		culture						296,679	185,477
Operational	costs							186,000	80,680
								749,345	978,342
GRANTS PAYABLE
								2021	2020
								6	F
Grants								34,275	100,883
The total grants paid			to institutions	during	the year was	as follows:
								2021	2020
Grants to organisations								11,000	30,443
Grants to individuals			via organisations					2,680	9,440
Grants to individuals			(Bursaries)					20,595	61,000
								34,275	100,883

					Governance
				Depreciation L'	costs f	Totals L
Income	from	activities		5,046	26,690	~31 736
Support	costs, included		in the above, are as follows:
					2021	2020
					E	F
Depreciation		offixed assets			5,046	5,227
Auditors'	remuneration				7,500	8,622
Governance		costs			15,669	14,650
Administrative		costs			3,521	2,669
					31,736	31,168

Net income/(expenditure)
	2021	2020
	6	f
Auditors' remuneration	7,500	8,622
Depreciation - owned assets	5,046	5,226

				2021	2020
Average	number	of	employees	18	20

2021	2020
1	1

personnel (2020:E	190,606 - 5 key personnel).
		2021	2020
		E	E
Gross Staff Costs		486,619	530,259
Employers National Employers Pension	Insurance Contributions	42,381 18,469	45,926 12,725
Total Staff Costs		547 469	588„910

TANGIBLE FIXEDASSETS
	Freehold		Fixtures
	land and	Plant and	and
	buildings f	machinery E	fittings f	Totals f
COST
At 1 April 2020 and 31 March 2021	2,219,446	3,020	50,217	2,272,683
DEPRECIATION
At 1 April 2020	1,349,446	2,108	23,079	1,374,633
Charge for year		91	4,955	5,046
At 31 March 2021	1,349,446	2,199	28,034	1,379,679
NET BOOK VALUE
At 31 March 2021	870,000	821	22,183	893,004
At 31 March 2020	870,000	912	27,138	898,050

16.	properties are STOCKS	Ty Newyd	d and Nant and Hafodty, Criccieth, Gwyn	edd.
				2021	2020
				E
	Stocks			1,472	1,561
17.	DEBTORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				2021	2020
				E	f
	Trade debtors			47,500	131,256
	Prepayments	and accrued income		18,995	10,759
				66,495	142,015

CREDITORS: AMOUNTS
	2021	2020
	6	f
Trade creditors	104,106	144,498
Other creditors	39,164	45,052
Deferred income	~50 415	78,035
	193,685	267,585

Deferred	Income:
Balance	brought	forward
Income	received
Income	released

2021	2020
F	E
78,035	129,303
64,888 ~92,508)	184,779 ~236,047)
50,415	78,035

ANALY	SIS OF NET ASSETS B	ETWEEN FUNDS
				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		L'	f	6	5
Fixed assets		23,004	870,000	893,004	898,050
Current	assets/(liabilities)	331,784	80,189	411,973	328,101
		354788	950,189	1,304,977	1,226,151

IIIIOVEMENT IN FUNDS	IIIIOVEMENT IN FUNDS
			Net	'Transfers
			movement	between	At
		At 1/4/20 f	in funds f	funds f	31/3/21 f
Unrestricted funds
General fund		254,920	34,748	(71,030)	218,638
Glyn Jones Bequest		40,621	12,661		53,282
John Tripp Fund		4,580			4,580
Ty Newydd Bursaries		1,922	336		2,258
Fran Wen Fund		1,500	(1,500)
Ty Newydd Digital Courses		2,000	(2,000)
National Dance Fund		2,000	(2,000)
Legacy Fund				16,030	16,030
Pilot Activity Fund				20,000	20,000
Representing Wales - Aftercare			5,000		5,000
Ty Newydd Buildings Ty Newydd Capital Reserve				20,000 15 OOO	20,000 15,000
		307,543	47,245		354,788
Restricted funds
Bardd Plant Cymru		6,177	(3,328)		2,849
Dylan Day		662			662
Lien Pawb / Lit Reach		1,754			1,754
Reading Friends		7,491	(5,970)		1,521
Rhys Davies Trust		3,684			3,684
Roald Dahl 100		7,000	(1,000)		6,000
Weird &Wonderful	Wales	1,142			1,142
Capital Development	Fund	870,000			870,000
Jan Mark Bursary		5,870			5,870
Judi Thwaite Bursary		500			500
Literature & Health		14,328			14,328
Bridging the Gap (MIND)			6,252		6,252
Representing Wales (Lottery)			35,627		35,627
		818558	31,581		950,189
TOTAL FUNDS		1,226,151	78,826		1,304,977

		Incoming	Resources	Movement
		resources	expended	in funds
			F	E
Unrestricted	funds
General fund		818,332	(783,584)	34,748
Glyn Jones	Bequest	12,661		12,661
Ty Newydd	Bursaries	336		336
Fran Wen Fund			(1,500)	(1,500)
Ty Newydd Digital Courses National Dance Fund			(2,000) (2,000)	(2,000) (2,000)
Representing	Wales - Aftercare	5,000		5,000
		836,329	(789,084)	47,245
Restricted funds
Bardd Plant	Cymru	10,000	(13,328)	(3,328)
Reading Friends		10,539	(16,509)	(5,970)
Roald Dahl	100		(1,000)	(1,000)
Bridging the	Gap (MIND)	11,000	(4,748)	6,252
Representing	Wales (Lottery)	59,056	~23,429)	35,627
		90,595	~59,014)	31,581
TOTAL FUNDS		926,924	(848,098)	78,826

			Net
			movement	At
		At 1/4/19	in funds	31/3/20
		f	f	f
Unrestricted funds
General fund		203,026	51,894	254,920
Glyn Jones Bequest		57,280	(16,659)	40,621
John Tripp Fund		6,580	(2,000)	4,580
Ty Newydd Bursaries		4,078	(2,156)	1,922
Fran Wen Fund			1,500	1,500
Ty Newydd Digital Courses			2,000	2,000
National Dance Fund			2,000	2,000
		270,964	36,579	307,543
Restricted funds
Bardd Plant Cymru		7,501	(1,324)	6,177
Dylan Day		662		662
Lien Pawb / Lit Reach		9,916	(8,162)	1,754
Reading Friends		5,087	2,403	7,491
Rhys Davies Trust		3,684		3,684
Roald Dahl 100		8,814	(1,814)	7,000
Weird 8 Wonderful	Wales	3,532	(2,389)	1,142
Capital Development	Fund	870,000		870,000
Jan Mark Bursary		5,870		5,870
Judi Thwaite Bursary		500		500
Literature & Health Young Peoples Laureate		14,328 1,350	~),380)	14,328
		931,244	~12,636)	918,608
TOTAL FUNDS		1,202,208	23,943	1,226,151

	Incoming	Resources	Movement
	resources E	expended f	in funds E
Unrestricted funds
General fund	1,106,991	(1,055,097)	51,894
Glyn Jones Bequest	13,341	(30,000)	(16,659)
John Tripp Fund		(2,000)	(2,000)
Ty Newydd Bursaries	369	(2,525)	(2,156)
Fran Wen Fund	1,500		1,500
Ty Newydd Digital Courses	2,000		2,000
National Dance Fund	2,000		2,000
	1,126,201	(1,089,622)	36,579
Restricted funds
Bardd Plant Cymru	11,530	(12,854)	(1,324)
Lien Pawb / Lit Reach	13,300	(21,462)	(8,162)
Reading Friends	25,295	(22,892)	2,403
Roald Dahl 100		(1,814)	(1,814)
Weird &Wonderful Wales Young Peoples Laureate	4,250 3,741	(6,639) ~5,091)	(2,389) ~)350)
	56,116	~70,752)	~)2,636)
TOTAL FUNDS	1,154,317	~1,160,374)	23,943

A current ye	ar 12 m	onths and prior	year 12 months c	ombined positi	on is as follo	ws:
				Net	Transfers
				movement	between	At
			At 1/4/19	in funds E	funds	31/3/21 f
Unrestricted	funds
General fund			203,026	86,642	(71,030)	218,638
Glyn Jones	Bequest		57,280	(3,998)		53,282
John Tripp Fund			6,580	(2,000)		4,580
Ty Newydd Bursaries Legacy Fund			4,078	(1,820)	16,030	2,258 16,030
Pilot Activity	Fund				20,000	20,000
Representing	Wales - Aftercare			5,000		5,000
Ty Newydd Ty Newydd	Buildings Capital Reserve				20,000 15,000	20,000 15,000
			270,964	83,824		354,788
Restricted funds
Bardd Plant	Cymru		7,501	(4,652)		2,849
Dylan Day			662			662
Lien Pawb /	Lit Reach		9,916	(8,162)		1,754
Reading Friends			5,087	(3,567)		1,520
Rhys Davies	Trust		3,684			3,684
Roald Dahl	100		8,814	(2,814)		6,000
Weird 8 Wonderful		Wales	3,532	(2,389)		1,143
Capital Development		Fund	870,000			870,000
Jan Mark Bursary			5,870			5,870
Judi Thwaite	Bursary		500			500
Literature 8	Health		14,328			14,328
Young Peoples Laureate			1,350	(1,350)
Bridging the	Gap (MIND)			6,252		6,252
Representing	Wales (Lottery)			35,627		35,627
			931,244	18,945		950,189
TOTAL FUNDS			1,202,208	102,769		1,304,977