|||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
##
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Llefftydd&)olh
Èrdtiohs
2020/2021
.')Al"
ne day I will read
ol those books and
those adventur
Llenyddiaelh
mru
leralure
Wales
22
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||||||||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)|is stated after charging/(crediting):|||
|---|---|---|---|
|||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|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||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|
##
##
|20.|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|
##
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