##
##
|||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
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Llenydoluelh
mru
ieralure
woies
ions
022/2023
Lle
ra
25
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Llgnyddlogth
mru
larolure
Woie5
Sttuct
re,
'Go,vernance & .
Management
202212,02
11
41
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|||||||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|
##
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##
||||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|
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##
||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|
##
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##
|||||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|
##
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##
|||||||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)|is stated after charging/(crediting):|||
|---|---|---|---|
|||2023|2022|
|||8|6|
|Auditors'
remuneration||8,160|7,740|
|Depreciation
—owned assets||4,944|4,884|
##
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##
||||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|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|
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|||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|