## **Trustees’ Annual Report for the period** ## **From** 02/09/23 **Period start date To** 02/09/24 **Period end date** **Charity name:** Wales Women’s Budget Group **Charity registration number:** 1199336 ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the CIO are the promotion of
gender equality in Wales, for the public
benefit, by:
1.
Advancing education and raising
awareness in gender equality issues
in economic and public policy;
2.
Supporting and disseminating
research on gender equality in
economic and public policy, and
gender budgeting and publishing
the results to the public;
3.
Advocating for greater equality for
women and men by providing
independent analysis of gender
issues in fiscal policy;
4.
Working with women, communities,
government, policy makers and the
public to build understanding of the
gender implications of economic
policy and encouraging and
supporting engagement in the
budgetary processes and the use of
gender budgeting tools.| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|
WWBG provides robust
independent policy analysis of
Welsh and UK government
spending decisions and fiscal policy,
advocating for the use of gender
budgeting, gender equal decision
making and fairer budgetary
processes.

WWBG produces high quality,
independent research on the key
policy areas relating to gender
equality in Wales and the UK.

WWBG works to build capacity
amongst policymakers, women’s
organisations, the wider third sector
and the public by providing gender| |||responsive budgeting training and
online resources.

WWBG works closely with our sister
organisations across the UK to
advocate for gender equality and
gender budgeting in the UK,
producing cross-nation budget
analyses and organising cross-
nation assemblies and conferences.

WWBG acts as a bridge between
research bodies and the women’s
movement in Wales to ensure that
economic research in Wales
provides robust evidence, making
the case for changes that help
women in Wales achieve their
potential.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|Trustees have regard to the guidance
issued by the Charity Commission on public
benefit.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|This year, we have continued to raise
awareness of how gender budgeting can
increase equality with Welsh policymakers.
We have done this through:

Regular meetings with Welsh
Treasury officials.

Membership of the Budget
Improvement and Impact Advisory
Group (BIIAG).

Providing oral evidence (on
invitation) to the Senedd Finance
Committee on their Draft Budget
2024-25 (Jan. 24).

We have also developed materials
for a bespoke Gender Responsive
Budgeting training course for local
and national government in Wales.
This course which will provide
government officials with the tools
to understand and respond to the
gendered
and
intersectional
differences in their communities and
make fairer spending and policy
decisions as a result. We will be
delivering
this
session
to
government officials in March 2025.
We have also raised awareness of gender
budgeting amongst the public and
increased the capacity of the wider
women’s sector to engage with economic
issues through:

Producing statements in response
to the UK Government’s Autumn
Statement (Nov. 23) and the Welsh
Government’s
Draft
Budget
(Dec.23) and circulating these via
the WWBG website and social
media.

Organising and participating in a 4-
Nations webinar with our sister
organisations in Scotland, Northern
Ireland and the UK entitled ‘The
Autumn Statement: A 4N Debrief,’
which discussed the implications of
the Autumn Statement for women
across the UK and within the
devolved nations (Dec. 23).

Organising and participating in a
cross-nation panel discussion of the
UK Government’s Spring Budget
2024 entitled ‘WBG 4-Nations
Budget Review: A Gendered
Analysis of the Spring Budget
across the UK.’ This hybrid event
took place the day following the| Spring Budget publication in Portcullis House, Westminster (March 2024). During the event, each WBG presented a gendered analysis of the Budget for women within their respective nations, followed by an informative audience Q&A. We have produced a number of evidencebased, gendered analysis of economic and public policy which make the case for gender equality in Wales. This includes:  Written response to the Senedd Finance Committee pre-budget inquiry  A written response to UK Parliament Inquiry on the Impact of the rising cost of living on women (Nov. 2023)  Welsh Government Draft Budget Briefing, summarising our written and oral evidence from our budgetary engagement this year. This briefing was circulated widely to Senedd Committees and individual Members of the Senedd. ## **Additional information (optional)** You may choose to include further statements where relevant about: |
Achievements against
objectives set|
Para 1.41|| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|Attached| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The charity is small and has limited fixed
overheads and operating expenditure for
the time being this essentially amounts to
one part-time salary. Our reserves policy is
to hold 6-months operating costs, which
currently amount to £20500.| |Amount of reserves held|Para 1.22|£41337| |Reasons for holding zero
reserves|Para 1.22|NA| |Details of fund materially in
deficit|Para 1.24|NA| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|NA| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted A description of the principal Para 1.46 risks facing the charity Other ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Foundation model constitution| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|Charitable Incorporated Organisation (CIO)| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|Original trustees named in constitution for
fixed terms.
New trustees appointed for a term of 3
years by a resolution passed at a properly
convened meeting of the trustees (quorum
2 or one third, whichever is greater).| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: |
Policies and procedures
adopted for the induction
and training of trustees|
Para 1.51|| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Wales Women’s Budget Group (WWBG)| |---|---| |Other name the charity uses|NA| |Registered charity number|1199336| |Charity’s principal address|Temple of Peace, King Edward VII Ave
Cathays Park,
Cardiff, CF10 3AP
United Kingdom| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||Cerys Furlong|2022-2026|NA|NA| ||Dr Rachel Minto|2022-2024
2024-2026|NA|NA| ||Catherine Fookes|2022-2025|NA|NA| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** NA Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |NA||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets NA held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**
**adviser**|**Name**
**Address**|**Name**
**Address**| |---|---|---| |NA||| |||| |||| |||| ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details NA ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s) Full name(s)** CERYS FURLONG **Position (eg Secretary,** CHAIR **Chair, etc)** **Date** 25/6/25 **----- Start of picture text -----**
CC16a
Receipts and payments accounts
For the period Period start date Period end date
To
from 02/09/2023 01/09/2024
Section A Receipts and payments
Unrestricted Endowment
Restricted funds Total funds Last year
funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Grant income 37,000 37,000 126,577
Sub total (Gross income for
AR) [ - ] 37,000 - 37,000 126,577
-
A2 Asset and investment sales,
(see table).
- - -
- - - - -
Sub total - - - - -
Total receipts - 37,000 - 37,000 126,577
A3 Payments
Salaries 40,758 40,758 40,951
Staff Expenses 459 459
Room Hire 96 96
Travel 992 992
Advertising 755 755
Overheads 15,492 15,492
-
-
-
-
-
-
-
-
-
-
Sub total [ - ] 58,552 - 58,552 40,951
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total [ - ] - - - -
Total payments - 58,552 - 58,552 40,951
Net of receipts/(payments) - - 21,552 - - 21,552 85,626
A5 Transfers between funds - - - - -
A6 Cash funds last year end 85,626 - 85,626
Cash funds this year end - 64,073 - 64,073 85,626
**----- End of picture text -----**
## **Section B Statement of assets and liabilities at the end of the period** |**Categories**
Signed by one or two trustees on
behalf of all the trustees
**B5 Liabilities**
**B3 Investment assets**
**B4 Assets retained for the**
**charity’s own use**
**B2 Other monetary assets**
**B1 Cash funds**|Signature
**Details**
**Details**
**Details**
(agree balances with receipts and payments account(s))
**Details**
**_Total cash funds_**
Bank account
**Details**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**64,073**
**-**
**64,073**
OK
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
**-**
**-**
**-**
**-**
**-**
Print Name|**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**| |---|---|---|---| ||||**-**
OK| ||||**Endowment**
**funds**
**to nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**Current value**
**(optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**When due**
**(optional)**
Date of
approval| ## **Independent examiner's report on the accounts** ## **Section A Independent Examiner’s Report** ## **Report to the trustees** Wales Women’s Budget Group 1 September 2024 **On accounts for the year ended Charity no (if any)** 1199336 ## **Responsibilities and basis of report** I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **01 / 09 / 2024** . As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. However, we were not able to trace one invoice totalling £5,171.03, although we have received representation confirming that this is charitable spend. **Signed:** A.Vickers **Date:** 10.04.25 **Name:** Alison Vickers 1 **IER** **Relevant professional qualification(s) or body (if any):** ICAEW (ACA) **Address:** Bevan Buckland LLP Cardigan House, Castle Court SA7 9LA ## **Section B Disclosure** Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here brief details of any items that the examiner wishes to disclose** . 2 **IER**