2023-03-31-accounts - Llenyddiaeth Cymru - Literature Wales

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		Page
Report ofthe Trustees	1	to46
Report ofthe Independent Auditors	47	to	50
Statement of Financial Activities		51
Balance Sheet	52	to	53
Cash Flow Statement		54
Notes to the Cash Flow Statement		55
Notes to the Financial Statements	56	to	74
Detailed Statement of Financial Activities	75	to	76

Contents
Statement by the Chair	of the	Board	ofTrustees	and the Artistic and Executive Directors of
Literature Wales
Performance Summary.
Our Year in Numbers
Expenditure on Writers	and Artists.
Our year in Money. .
Our priorities. .
Our priorities: Climate		Emergency. ..
Our priorities:	Health	&Well-being.
Our priorities:	Representation		&.Equality.	..	13
Strands ofActivity.					16
Strands of Activity: Participation					17
Strands ofActivity: Wales' Literary Culture ..					19
Strands ofActivity; Writer Development.				.	21
Our Foundation: The		Welsh	Language.		23
Operations.					25
Comunications.	.				26
Finance. .					28
Fundraising ..					30
Governance .					31
HR					32
Monitoring & Evaluation .					34
Risk.					35
Sector Facilitation .					36
Ty Newydd
Our Partners 2022/2023. .					40
Structure, Governance	and Management.				41

Lienyddluelh Liierolure Woies Our Priorities 202212023

Llenydoluelh mru ieralure woies ions 022/2023 Lle ra 25

Llgnyddlogth mru larolure Woie5 Sttuct re, 'Go,vernance & . Management 202212,02 11 41

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		f	6	8
INCOME AND ENDOWMENTS		FROM
Donations and legacies			3	3,570		3,570	4,281
Charitable activities			6	1,029,574	98,305	1,127,879	956,765
Other trading activities			4	34,504	232	34,736	69,838
Investment income			5	1,668		1,668	666
Other income				292		292	6,601
Total				1,069,608	98,537	1,168,145	1,038,151
EXPENDITURE ON
Raising funds			7	54,190		54,190	93,950
Charitable activities			8	965,645	116,962	1,082,607	870,241
Total				1,019,835	116,962	1,136,797	964,191
NET INCOME/(EXPENDITURE)				49,773	(18,425)	31,348	73,960
RECONCILIATION	OF FUNDS
Total funds brought	forward			416,099	962,838	1,378,937	1,304,977
TOTAL FUNDS CARRIED FORWARD				465,872	944,413	1,410,285	1,378,937

			2023	2022
		Notes	6	6
FIXED ASSETS
Tangible assets		15	887,602	888,925
CURRENT ASSETS
Stocks		16	1,349	1,424
Debtors		17	136,578	106,706
Cash at bank and	in hand		754,197	722,401
			892,124	830,531
CREDITORS
Amounts falling due within one year		18	(369,441)	(340,519)
NET CURRENT ASSETS			522,683	490,012
TOTAL ASSETS	LESSCURRENT
LIABILITIES			1,410,285	1,378,937
NET ASSETS			1,410,285	1,378,937
FUNDS		21
Unrestricted funds			465,872	416,099
Restricted funds			944,413	962,838
TOTAL FUNDS			1,415,285	1,3711837

			2023	2022
		Notes	6	f
Cash flows from operating	activities
Cash generated from operations		1	~33750	184,849
Net cash provided by operating		activities	~33750	184,849
Cash flows from investing	activities
Purchase oftangible fixed assets			(4,427)	(805)
Sale of tangible fixed assets			805
Interest received			1,668	666
Net cash used in investing activities			~1,954)	~139)
Change in cash and cash
equivalents in the reporting
period			31,796	184,710
Cash and cash equivalents	at	the
beginning ofthe reporting	period		722,401	537,691
Cash and cash equivalents	at	the
end ofthe reporting period			~754 197	722,401

					2023	2022
					5	f
Net (expenditure)/income			for the reporting	period (as per
the Statement of Financial			Activities)		31,348	73,960
Adjustments	for:
Depreciation	charges				4,944	4,884
Interest received					(1,668)	(666)
Decrease in	stocks				75	48
Increase in	debtors				(29,872)	(40,211)
Increase in	creditors				28,923	146,834
Net cash provided		by operations			33,750	184,849

ANALYSIS OF C	HANGES IN NET FUN	DS
		At 1/4/22	Cash flow	At 31/3/23
		6	6
Net cash
Cash at bank and	in hand	722,401	31,796	754,197
		722,401	31,796	~754 197
Total		722,401	31,796	~754 197

	revision affect	s both current and future periods.
	DONATIONS	AND LEGACIES
			2023 f	2022 f
	Donations		3,570	4,281
4.	OTHER TRADING ACTIVITIES
			2023 f	2022 f
	Sale of books	and merchandise	4,263	4,266
	Hire of Ty Newydd		30,473	65,572
			34,736	69,838

				2023	2022
				f.	f
Interest receivable				1,668	666
INCOME FROM CHARITABLE ACTIVITIES
				2023 f	2022 f
Income from activities				138,968	49,380
Grants				988 911	907,385
				1 127,879	956,765
Grants received,	included		in the above, are as follows:
				2023	2022
				f.	f
Arts Council ofWales				863,741	848,485
Welsh Assembly	Government			56,470	4,800
Bardd Plant Cymru				10,000	10,000
Other				58,700	44,100
				988,911	907,385
RAISING FUNDS
Raising donations		and	legacies
				2023 f	2022 f
Fundraising				37,730	39,158
Ty Newydd Operational				16,460	54,792
				~54 190	93,950

						Grant
						funding	of
					Direct	activities		Support
					Costs (see	(see note		costs (see
					note 9)	10)		note 11)	Totals
						F		5	5
Income from		activities			988,028			24,172	1,012,200
Grants						70,407			70,407
					988,028	70,407		24,172	1,082,607
DIRECT COSTS OF				CHARITABLE ACTIVITIES
								2023	2022
								6	8
Participation								316,811	93,875
Writer development								429,818	235,921
Wales literary		culture						176,177	247,415
Operational	costs							65,222	210,381
								988,028	787,592
GRANTS PAYABLE
								2023	2022
									5
Grants								70,407	58,388
The total grants			paid	to institutions	during the year were	as follows:
								2023	2022
									8
Grants to organisations								23,923	15,404
Grants to individuals				via organisations				2,475	500
Grants to individuals				(Bursaries)				44,009	42,484
								70,407	58,388

						Governance
					Depreciation f	costs	Totals
Income	from	activities			~4944	19,228	24,172
Support	costs,		included	in the above, are as follows:
						2023	2022
						Income	Income
						from	from
						activities	activities
						F	6
Depreciation		offixed assets				4,944	4,884
Auditors'	remuneration					8,160	7,740
Governance		costs				9,834	9,242
Administrative			costs			~1234	~2395
						~24 172	~24 261

Net income/(expenditure)
	2023	2022
	8	6
Auditors' remuneration	8,160	7,740
Depreciation —owned assets	4,944	4,884

			2023	2022
Average	number	ofemployees	18	19

2023	2022
	1

personnel	(2022:6	152,289 —5 key personnel).
			2023	2022
			F	f
Gross Staff Costs			523,645	507,379
Employers	National	Insurance	47,561	46,869
Employers	Pension	Contributions	22,086	18,302
Total Staff	Costs		593,292	572,550

TANGIBLE FIXEDASSETS
	Freehold		Fixtures
	land and	Plant and	and
	buildings f	machinery f	fittings f	Totals f
COST/VALUATION
At 1 April 2022	2,219,446	3,020	51,022	2,273,488
Additions Disposals			4,427 ~805)	4,427 ~805)
At 31 March 2023	2 219446	3,020	54,644	2,277,110
DEPRECIATION
At 1 April 2022	1,349,446	2,281	32,836	1,384,563
Charge for year		74	4 871	4 945
At 31 March 2023	1,349,446	2,355	377D7	I 389 508
NET BOOK VALUE
At 31 March 2023	870,000	665	16,937	887,602
At 31 March 2022	870,QQQ	739	11)186	888,925

STOCKS
	2023 f	2022
Stocks	1,349	1,424

17.	DEBTO	RS:AMOUNTS	RS:AMOUNTS	RS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
						2023	2022
						6	5
	Trade debtors					116,090	90,759
	Prepayments		and accrued		income	20,488	15,947
						136,578	106,706
18.	CREDITORS:		AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2023	2022
						6
	Trade creditors					179,713	127,488
	Other creditors					47,722	99,045
	Deferred	income				142,006	113,986
						369,441	340,519
	Deferred	Income:
						2023	2022
						E	f
	Balance	brought		forward		113,986	50,415
	Income	received				169,313	141,759
	Income	released				$141,293)	~78,188)
						142,006	113,986

Minimum lease payments under non-cancellable	operating leases fall due as foll	ows:
	2023	2022
	6	5
Within one year	696	228
Between one and five years	2,088
	2,784	228

ANALY	SIS OF NET ASSETS B	ETWEEN FUNDS
					2023	2022
		Unrestricted	Restricted		Total	Total
		funds	funds		funds	funds
		f			f	f
Fixed assets		17,602	870,000		887,602	888,925
Current	assets/(liabilities)	448 270	74413		522,683	490,012
		405,872	044,413	1	410285	1,378,1137

MOVEMENT	IN FU	NDS
				Net
				movement	At
			At 1/4/22	in funds	31/3/23
			6	E	8
Unrestricted	funds
General fund			224,605	36,071	260,676
Glyn Jones	Bequest		65,614	2,359	67,973
John Tripp Fund			4,580		4,580
Ty Newydd	Bursaries		2,538		2,538
Legacy Fund			21,030		21,030
Pilot Activity	Fund		25,000		25,000
Representing	Wales - Aftercare		4,800	(1,586)	3,214
Ty Newydd	Buildings		25,000	17,071	42,071
Ty Newydd	Capital	Reserve	20,000		20,000
BOTY Consultation			3,000	2,000	5,000
Children's Laureate			1,842	(1,842)
Do You Get	Me		1,090	(1,090)
Somali Dance			1,000		1,000
Commissions			16,000	(16,000)
National Poet				2,000	2,000
Rhys Davies	Trust			9,480	9,480
Cymru Ni				1 310	1,310
			416,099	49,773	465,872
Restricted funds
Bardd Plant	Cymru		5,793	(2,880)	2,913
Dylan Day			662		662
Lien Pawb /	Lit Reach		1,754		1,754
Rhys Davies	Trust		3,684		3,684
Roald Dahl 100			6,000		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 8	Health		10,368	(4,910)	5,458
Bridging the Representing	Gap (MIND) Wales (Lottery)		13,027 44,038	(9,006) ~)629)	4,021 42 409
			962030	~)0425)	944 413
TOTAL FUNDS			1,378,937	31 348	1 410 285

Net moveme	nt in funds, included in the ab	ove are as follows:
		Incoming	Resources	Movement
		resources f	expended	in funds f
Unrestricted	funds
General fund		1,032,740	(996,669)	36,071
Glyn Jones	Bequest	2,359		2,359
Representing	Wales - Aftercare		(1,586)	(1,586)
Ty Newydd	Buildings	17,071		17,071
BOTY Consultation		2,000		2,000
Children's Laureate		1,165	(3,007)	(1,842)
Do You Get	Me		(1,090)	(1,090)
Commissions			(16,000)	(16,000)
National Poet		2,000		2,000
Rhys Davies Cymru Ni	Trust	9,480 2,793	~7,483)	9,480 1,310
		1,069,608	(1,019,835)	49,773
Restricted funds
Bardd Plant	Cymru	11,037	(13,917)	(2,880)
Literature &	Health		(4,910)	(4,910)
Bridging the Representing	Gap (MIND) Wales (Lottery)	11,000 76,500	(20,006) ~78,729)	(9,006) ~7,629)
		98,537	~116,962)	~78,425)
TOTAL FUNDS		1 168,145	~7736 797)	31,348

Comparative	s for	movement in fu	nds
				Net	Transfers
				movement	between	At
			At 1/4/21	in funds	funds	31/3/22
			6	6		6
Unrestricted	funds
General fund			218,638	24,446	(18,479)	224,605
Glyn Jones	Bequest		53,282	12,332		65,614
John Tripp Fund			4,580			4,580
Ty Newydd	Bursaries		2,258	280		2,538
Legacy Fund			16,030		5,000	21,030
Pilot Activity	Fund		20,000		5,000	25,000
Representing	Wales - Aftercare		5,000	(200)		4,800
Ty Newydd	Buildings		20,000		5,000	25,000
Ty Newydd	Capital	Reserve	15,000		5,000	20,000
BOTY Consultation				3,000		3,000
Children's Laureate				1,842		1,842
Do You Get	Me			1,090		1,090
Somali Dance				1,000		1,000
Commissions				16,000		16,000
			354,788	59,790	1,521	416,099
Restricted funds
Bardd Plant	Cymru		2,849	2,944		5,793
Dylan Day			662			662
Lien Pawb /	Lit Reach		1,754			1,754
Reading Friends			1,521		(1,521)
Rhys Davies	Trust		3,684			3,684
Roald Dahl	100		6,000			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 8	Health		14,328	(3,960)		10,368
Bridging the	Gap (MIND)		6,252	6,775		13,027
Representing	Wales (Lottery)		35,627	8,411		44,038
			950,159	14,170	~1,5217	962,838
TOTAL FUNDS			1,304,977	73,960		1,378,937

Comparative	net mov	ement in funds, inclu	ded in the above are a	s follows:
			Incoming	Resources	Movement
			resources	expended	in funds
			8	8
Unrestricted	funds
General fund			868,915	(844,469)	24,446
Glyn Jones	Bequest		12,332		12,332
Ty Newydd	Bursaries		280		280
Representing	Wales	—Aftercare		(200)	(200)
BOTY Consultation			3,000		3,000
Children's Laureate			13,468	(11,626)	1,842
Do You Get	Me		17,100	(16,010)	1,090
Somali Dance			1,000		1,000
Commissions			16,000		16,000
			932,095	(872,305)	59,790
Restricted funds
Bardd Plant	Cymru		12,500	(9,556)	2,944
Literature &	Health			(3,960)	(3,960)
Bridging the Representing	Gap (MIND) Wales (Lottery)		11,000 82,556	(4,225) ~74,)45)	6,775 8,411
			106,056	~91,886)	14,170
TOTAL FUNDS			1,038,151	~964,191)	73,960

A current ye	ar 12m	on	ths and prior	year 12 months	combined pos	ition is as follo	ws:
					Net	Transfers
					movement	between	At
				At 1/4/21	in funds	funds	31/3/23
				6	E	f	6
Unrestricted	funds
General fund				218,638	60,517	(18,479)	260,676
Glyn Jones	Bequest			53,282	14,691		67,973
John Tripp Fund				4,580			4,580
Ty Newydd	Bursaries			2,258	280		2,538
Legacy Fund				16,030		5,000	21,030
Pilot Activity	Fund			20,000		5,000	25,000
Representing	Wales -		Aftercare	5,000	(1,786)		3,214
Ty Newydd	Buildings			20,000	17,071	5,000	42,071
Ty Newydd	Capital	Reserve		15,000		5,000	20,000
BOTY Consultation					5,000		5,000
Somali Dance					1,000		1,000
National Poet					2,000		2,000
Rhys Davies	Trust				9,480		9,480
Cymru Ni					1,310		1,310
				354,788	109,563	1,521	465,872
Restricted funds
Bardd Plant	Cymru			2,849	64		2,913
Dylan Day				662			662
Lien Pawb /	Lit Reach			1,754			1,754
Reading Friends				1,521		(1,521)
Rhys Davies	Trust			3,684			3,684
Roald Dahl	100			6,000			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 8,	Health			14,328	(8,870)		5,458
Bridging the	Gap (MIND)			6,252	(2,231)		4,021
Representing	Wales (Lottery)			35,627	6,782		42,409
				950,189	~4,255)	~1,521)	944,413
TOTAL FUNDS				1,304,977	105,308		1,410,285

MOVEMENT IN FUNDS - co	ntin	ued
A current year 12 months	and	prior year 12 months	combined		net movement	in funds,
included in the above are as	follows;
			Incoming		Resources	Movement
			resources		expended f	in funds f
Unrestricted funds
General fund		1,901,655			(1,841,138)	60,517
Glyn Jones Bequest			14,691			14,691
Ty Newydd Bursaries			280			280
Representing Wales - Aftercare					(1,786)	(1,786)
Ty Newydd Buildings			17,071			17,071
BOTY Consultation			5,000			5,000
Children's Laureate			14,633		(14,633)
Do You Get Me			17,100		(17,100)
Somali Dance			1,000			1,000
Commissions			16,000		(16,000)
National Poet			2,000			2,000
Rhys Davies Trust Cymru Ni			9,480 2,793	~),483)		9,480 1,310
		2,001,703			(1,892,140)	109,563
Restricted funds
Bardd Plant Cymru			23,537		(23,473)	64
Literature & Health					(8,870)	(8,870)
Bridging the Gap (MIND) Representing Wales (Lottery)			22,000 159,058	(24,231) ~)52,274)		(2,231) 6,782
			204,593	~208,848)~4,255)
TOTAL FUNDS		2,206,296			(2,100,988)	105,308

		2023	2022
		f	E
INCOME AND ENDOWIIIIENTS
Donations and legacies
Donations		3,570	4,281
Other trading activities
Sale of books		4,263	4,266
Hire of Ty Newydd		30,473	65,572
		34,736	69,838
Investment income
Interest receivable		1,668	666
Charitable activities
Grants		988,911	907,385
Income from activities		138,968	49,380
		1,127,879	956,765
Other income
Other income		292	6,601
Total incoming resources		1,168,145	1,038,151
EXPENDITURE
Raising donations	and legacies
Fundraising		37,730	39,158
Ty Newydd Operational		16,460	54,792
		54,190	93,950
Charitable activities
Participation		316,811	93,875
Writer development		429,818	235,921
Wales literary culture		176,177	247,415
Operational costs		65,222	210,381
Grants to organisations		70,407	58,388
		1,058,435	845,980

			2023	2022
			E	E
Supportcosts
Depreciation
Depreciation	offixed assets		4,944	4,884
Governance	costs
Auditors' remuneration			8,160	7,740
Governance	costs		9,834	9,242
Administrative	costs		1 234	2,395
			19228	19,377
Total resources expended		1	136797	964, 191
Net (expenditure)/income			31 348	73,966