4 / 5 James St., Porthcawl, CF36 3BG Tel. 01656 783962 E: info@sustainablewales.org.uk www.sustainablewales.org.uk X twi&er @SusWales www.facebook.com/sustainablewales YouTube
Mae Cymru Gynaliadwy (Rhif cofrestru 1200330). Sustainable Wales is a charitable incorporated organisation (registration number 1200330). Founded in 1997 as an unincorporated charitable trust. Wales’ longest established Sustainability Charity
Annual Report 2022-23
Trustees Summary
After emerging from the pandemic and in our 25[th] year as a non-incorporated charity, we slowly reorganised as a newly formed Charitable Incorporated Organisation (CIO). Our new Trustees are Richard Thomas who has acted as Chairman for this period, Elen Jones, Luke Evans and Margaret Minhinnick.
This encouraged a new Trustees Advisory briefing, updated Policy Documents, stationery, and website details. Meetings were held some on zoom, some hybrid and some ‘live’.
Local Community roles and job descriptions began being fashioned around Community Development and Community Education re: sustainable development.
Successful grant applications were made to the ‘Postcode Lottery’ and ‘Warmer This Winter’, together allowing the employment of an 18-month part-time post, including some resources for local project development. The Trustees agreed a contractor would be preferred, but were willing to be flexible, to keep the talent pool broad. In January 2023, interviews were held and the successful candidate started in February.
Fairtrade featured highly not only during Fairtrade Fortnight, with the visit from politicians MS Jane Hutt Welsh Government Minister for Social Justice and Sarah Murphy MS for Bridgend Borough; but with the organisation of Sustainable Wales’ 25[th] Anniversary celebration in the Atlantic Hotel, Porthcawl, including two guest speakers from a coffee producing region in Uganda.
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Sustainable Wales (SW) relies on the support of volunteers and advisors. The development of SW’s Welsh Baccalaureate competition was launched in memory of two of them:
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Professor Alwyn Jones - was a philosopher and Director of Studies for University of South Wales’ first ‘green’ degree and supported SW from the beginning.
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Professor Steve Harris - a scientist and research academic who also worked at the University amongs other things developing a Citizen Science programme, and was a passionate contributor to our charity.
Activities are further outlined below. All include project development, communication, advocacy and community involvement.
Though the UK is on the path to achieving Net Zero greenhouse gas emissions by 2050 – the target passed into law in 2019 to end the UK’s contribution to climate change. Emissions have already been reduced by almost 50%, since 1980 levels, but the Net Zero pathway requires a massive 78% cut in emissions by 2035. The Climate Change Committee say progress is being undermined by the government permitting new coal, oil and gas developments.
Achieving Net Zero goes beyond the energy we produce – we’ll need to reconfigure our transport systems, homes, businesses, and land, to change how we move people and goods, how we heat our buildings, and how (and what) we produce and consume.
There, as ever, is much to do.
The Trustees would like to thank all our volunteers and advisors, including those in SUSSED cooperative, whose financial contribution is invaluable.
Margaret Minhinnick, Richard Thomas, Luke Evans and Elen Jones
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PROJECT ACTIVITY
Fairtrade
25[th] Anniversary of Sustainable Wales Celebration in Fairtrade Fortnight.
The Atlantic Hotel, Porthcawl was requested to use local, organic and fairtrade ingredients in their menu choices for that evening. The First Minister, Mark Drakeford, had agreed to attend, but inevitably had to withdraw, after the announcement of his wife’s death.
Welcomed by Bridgend Borough Council Leader, Huw David and the Deputy Mayor of Porthcawl, Councillor Jonathon Pratt our special guests, were two fairtrade producers from Mount Elgon tree growing enterprise in Uganda, Jenipher Sambazi and Nimrod Wambette.
Jenipher’s Coffi is grown up to 3,000m above sea level by over 3,000 farmers who work hard to grow this very high-quality coffee, despite the challenges of climate change.
Ten days later, after a very busy schedule meeting people around Wales, Nimrod and Jenipher returned to Porthcawl, to take part in the ‘Coffee and Climate Film’ we were starting to make.
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Before the ‘Social and Public Procurement Bill’ was being debated in the Senedd, Margaret contacted Sarah Murphy MS ahead of the debate and encouraged her to obtain a commitment from the Minister to meet various interested stakeholders (WCVA, Size of Wales, Amnesty, Hub Cymru Africa, Fairtrade Wales etc.). This Sarah did and during the debate the Minister agreed.
Global Citizenship Awards
The charity partnered with the University of South Wales and the Welsh Joint Education Committee (WJEC) to run this first-of-its-kind competition on the themes of Sustainable Development and Global Citizenship, piloting in Porthcawl.
This year we saw 120 year-12 students from Porthcawl Comprehensive School visit USW’s Treforest Campus. During the visit, which included a campus tour, the students
had lectures on sustainable fashion, climate change solutions, transforming urban mobility, and mapping and monitoring biodiversity change.
Building on the idea that sustainable development requires a safe and secure natural environment to support active, educated and healthy humans so they can manufacture and trade in a fair and responsible economy, both Alwyn and Steve recognised the significant pressures that unsustainable human activity continues to have on the world. And they both worked to educate the next generation on what some of the solutions could be.
Judging of the competition entries was done by Dr Stewart Eyres, Deputy Dean of Faculty of Computing, Engineering & Science at USW; Robert Minhinnick, award
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winning writer and long-standing adviser to Sustainable Wales; and Professor Merryn Hutchings, Emeritus Professor at the Institute for Policy Studies in Education, Seren Cook and Emma Jones were announced as the winners.
Two prizes of £250 each were awarded in Steve and Alwyn’s names for the best entries and were published on Sustainable Wales’ website.
Fairtrade Wales provided us with a small budget to pay for chocolate bars which were distributed to all at the presentation and £10 SUSSED vouchers for the runners up.
Green Room Workshops, Presentations and Training
SW funded by the Renew Wales programme, were able to offer Innovate Trust , from Cardiff, an all-day workshop, covering living more sustainably , fairtrade and campaigning to reduce local air pollution.
An Air Pollution workshop for West Park Primary School Eco Committee, Porthcawl was held. Children were then able to fix our bilingual banners onto the school railings, reminding parents to turn off the car engine when collecting their children from school.
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What is Fairtrade? A PowerPoint presentation followed by coffee and cakes was organised for the Porthcawl Chamber of Trade . The speaker Elen Jones, SW Trustee and importer of Jenipher’s Coffi.
Amongst numerous others, meetings have taken place with Porthcawl and Borough Councillor Neelo Farr, Bridgend County Borough Council’s Councillors John Spanswick and Rhys Goode, their Climate Response Manager, Stuart Baldwin and also the Porthcawl Chamber of Trade.
Our support for Pencoed College’s Sustainable Living Festiva l included a display of everyday ethical and green goods available, posters and leaflets recommending a series of pledges people could make to reduce their carbon footprint.
The Charity joined with our sister organisation, SUSSED holding a local, green and fairtrade stall at the three day Between The Trees, Festival , held at Merthyr Mawr, Bridgend.
Culture - The Green Room and Gorwelion www.sustainablewales.org.uk/gorwelionhome
Launches of Gorwelion Shared Horizons were organised by Robert Minhinnick with contributing authors and held in:
Aberaeron, Royal Feathers Hotel; Cardiff Chapter Arts; Swansea Elysium Gallery; Abertiefi , Cardigan, The Cellar . At the Between The Trees Festival , Methyr Mawr Bridgend. Also during ‘The Big Green Week’ in Senedd-Dy, Machynlleth with Jane Davidson’s also launching her book. ‘FutureGen: lessons from a small country’. h&ps://janedavidson.wales/book
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The Green Room events included:
During Porthcawl’s Elvis Festival our guest reader was Peter Finch, photographs from Peter Morgan with the regular ‘open mic’ attendees.
The artist Paul Peter Peich event saw Norman Harris and Robert Minhinnick present their personal memories of Paul.
Later, guest writer, guitarist and singer from Aberaeron was Karen Brewer . New work events were also staged supporting local writing.
Guest reader Mike Jenkins brought the year to a radical conclusion.
Audio podcasts of Green Room events are available on our site.
Supporting DEC’s (Disaster Emergency Committee) fundraising appeals.
Sustainable Wales and the Porthcawl Chamber of Trade joined together to organise a fundraising appeal to collect money for the DEC Pakistan Floods Appea l and also for the devastating Earthquake Appeal Turkey & Syria , placing collection boxes in the local shops. DEC promised to double these figures. SUSSED processed the online and cash donations to these campaigns.
One third of the country – an area the size of the UK – had been submerged, according to the government of Pakistan, with floods sweeping away entire communities and leaving more than a million homes destroyed or badly damaged. A series of devastating earthquakes hit southern Turkey and north-west Syria killing over 20,000 people and injuring many more.
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Annual Report 2022-23
Grants
Sustainable Wales received £1000 award from Arnold Clark Community Fund, which contributed significantly towards the re-painting and renewal of the office and shop.
Important applications to the Peoples Postcode Lottery £25,000 and also a Warmer This Winter £10,000 grants were also successful.
Regeneration of Porthcawl
Concern regarding this massive seafront development remains. SW maintains our emphasis - that the development is sustainable, mindful of future generations and that the project is developed with the community and decision-making is more than at tick-box exercise .
After receiving the successful ‘ Peoples Postcode Lottery’’ application to pay for a Local Sustainable Development Coordinator we hoped to encourage the development of a community group partnership to assist discussion.
To this end SW decided to start the formation of partnership of community groups in Porthcawl, Better Porthcawl, aiming to encourage the planning department in BCBC to use the CoProduction technique to effectively engage with the community for better outcomes. Better Porthcawl Our early activities are outlined on the website at
www.sustainablewales.org.uk/porthcawlregen
This has potential to be an exciting collaborative approach which will enable the Council to respond to their obligations outlined in the ‘Well Being of Future Generations Act’ 2015 and reinforced in ‘Planning Policy Wales’ Feb 2021 –
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- https://gov.wales/sites/default/files/publications/2021 02/planning policy wales - edition 11_0.pdf p16. para 2.16
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Positive planning occurs at a level where detailed knowledge of how places ‘work’ is available and provides a valuable decision-making resource. It is crucial when, in developing plans, planning authorities engage with people in
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their own communities, facilitating a collective, participatory process which focuses on achieving sustainable places. This requires engagement which goes beyond the statutory minimum for consultation set out in planning legislation and in accordance with the involvement principle set out in the Well-being of Future Generations Act.
Meanwhile Margaret was able to present, on behalf of the Trustees, for three minutes only, via ‘Teams’ at BCBC’s Scrutiny Committee, re: ‘Appropriation of Land at Sandy Bay’. She restated the Council’s responsibilities regarding sustainability and the five ways of working outlined in the ‘Well-being of Future Generations Act’. Afterwards Janine Nightingale, senior Planner, agreed to a co-production approach!
Later we were able to attend the open-space stakeholder workshop organised by the Borough Council in the Grand Pavilion along with a few other group representatives.
New part-time Post established
Receiving also the ‘ Warmer This Winter grant enabled us to widen the role of the Local Sustainable Development Officer :
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offer, support, develop or encourage local community groups/businesses to respond to climate change/sustainable development.
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promote public involvement (i.e. community and local authorities as is expected in the Senedd’s Well-Being of Future Generations Act) especially with the Regeneration of Porthcawl.
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encourage a young person’s climate campaign group to form, some of whom would take part in the production of a climate film made in and for Porthcawl.
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fundraising to be an important role (be it crowdfunding, grants etc.).
Ella Williamson began to build contacts for the Partnership (e.g. A Voice for the Future of Porthcawl, Porthcawl Athletics, The Porthcawl Chamber of Trade, SUSSED, The Porthcawl Civic Trust) and also a positive relationship with Jacob Lawrence, a regeneration officer at BCBC. During this period Better Porthcawl attended the Bridgend Borough Council’s Open Space Stakeholder
Workshop.
Maintaining networks and partnerships has occurred primarily via Zoom or Teams and includes:
Well-Being of Future Generations Office, Climate Cymru Partnership, Community Energy Wales, Bridgend Association of Voluntary Organisations and Wales Council for Voluntary Action, Fairtrade Wales and Co Pro Cymru.
Active support for SUSSED and their volunteers and the Porthcawl Chamber of Trade and other local groups remains, helping with information and practical assistance.
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Annual Report 2022-23
Social media and Communications
We use a combination of social media, newsletters and our own website blogs to showcase news items, promote campaigns and highlight our events. The email newsletter links to items on our website and campaigning posts on social media.
The 25[th] Anniversary of Sustainable Wales was promoted with links to a special page - https://www.sustainablewales.org.uk/blog/2023/2/23/sustainable - - - wales 25th anniversary history The original 90s logo was resurrected and used on our website at the start of 2023. The background of the website was rebranded with a 25[th] logo to appear across 2023.
Original SW Logo
Throughout the period social media and our website promoted a wide range of stories: the winners of the 2022 Global Citizenship Competition with schools, Gorwelion readings events, regular Green Room events and community meet ups.
The period saw continued growth of our social media platforms such as twitter and facebook. We have 4892 Facebook followers, and the Facebook reach peaked in March 2023 from around 1000 to 6000 users per post. This was without paid promotion of posts. The normal reach in this 2022-23 period is around 500 users per post. Our Twitter followers remained at around 2300 in the period with continued slow growth.
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Annual Report 2022-23
FINANCIAL STATEMENT
Summary of main activities and summary of finances (2022/23)
The 2022/23 year saw a marked increase in financial activity, relative to the past few years.
Firstly, income from all sources continued to bounce back after the pandemic, as unrestricted income more than doubled from 2021/22 financial year, to over £9,600. Fundraising from the Green Room (12%) and other events (28%), contract work, such as with Renew Wales (23%), and donations (8%) continue to provide a predictable and regular source of income, as they have over the last decade.
Additionally, in this period Sustainable Wales received a notable ‘donation’ from their sister organisation, retail arm and community cooperative SUSSED Wales (equal to 26% of all unrestricted income). One of the original objectives of SUSSED since its founding, had been to generate additional income to support the charity’s activities and goals, and given the SUSSED’s recent strong sales their board agreed they were finally able to do so.
Regarding expenditure, non-contract/labour costs remain low, in part thanks to the office-sharing arrangements with sister organisation, SUSSED. Premises costs did rise slightly as the charity undertook much needed office repairs and renewals, but this was fully budgeted for and funded by the Arnold Clark Community Fund grant.
The most notable part of the statement of financial activities, is the receipt of two large grants of £25,000 (Postcode Lottery Grant) and £10,000 (Warm This Winter), that allow SW to expand its activities over the next 18 months. The (Warm This Winter) grant includes the creation of campaign videos, with a call to action on the impacts of climate change, loss of biodiversity and lack of energy security.
Crucially, the grants also provide match-funding towards contracting a part-time Local Sustainable Development Coordinator, which means the charity now has a dedicated coordinator to manage local groups and further the organisation’s objectives, enabling all parties to identify new projects and sources of income, to ensure the continued viability and financial sustainability of SW.
After accounting for restricted funds, SW carries forward £33,700 of cash to 2023/24 with no outstanding creditors, meaning that, combing with the charity’s persistently low outgoings, there are sufficient reserves to operate for a number of years.
Note that during this period, all the charity's assets were fully transferred to the new registration 1200330, as part of the restructuring from a charitable trust to a 'Charitable Incorporated Organisation'.
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Sustainable Wales Cymru Gynaliadwy
Report and Financial Statements
Year ended 5 April 2023
New C.I.O. Charity Commission registration number 1200330 (Former Charity Registration 1065789/0)
Financial Year 12/09/22 - 05/04/23
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SUSTAINABLE WALES CYMRU GYNALIADWY
| Contents | Page |
|---|---|
| Contents | 2 |
| Report of the Trustees | 3 - 5 |
| Independent Examiner's Report | 6 |
| Reserves Policy | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 14 |
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SUSTAINABLE WALES CYMRU GYNALIADWY
Report of the trustees for the year ended 5 April 2023
The trustees present their report and accounts of the charity for the year ended 5th April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 9 and comply with the charity's trust deed and applicable law.
Mission
Our mission is to seek solutions for the unsustainable way we live. This involves cultural change and has implications for future generations.
Aims:
To be an organisation that helps revitalise the local economy, promotes social progress, and is enterprising, creative and internationally aware.
We are committed to society, artistic creativity and the natural world. We work with communities, voluntary groups, businesses and government. We believe in this way we can foster an exciting future that doesn't cost us the Earth.
Strategic Campaign Themes:
· Citizenship - empowering communities, building capacity, increasing participation and sustainable outcomes for local people.
· Food and Drink – supporting local sourcing of food, ethical purchasing, fair trade and food growing, producing, cooking and baking.
· Energy efficiency and renewable energy - enabling community level action as well as encouraging more sustainable transport options.
· Waste – supporting designing out, encouraging circular economy, systems, design thinking and LCA, encouraging reuse, recycling and promotion of more durable goods.
· Consumerism – recommending collaborative consumption, sharing economy, purchasing local, organic, ethical and fairly traded goods and ending fast fashion.
· Healthy living and quality of life - increasing well-being, diversity and creativity, reconnecting with nature.
Organisation
The trustees seek to ensure that the needs of the charity and that of the public whom the charity serves, are appropriately reflected through the diversity of the trustee body. Traditional business skills are represented among the trustees, as well as individuals with knowledge of the environment within which the charity operates.
In an attempt to ensure that the needs of the charity and the public are met, individuals who possess the required skills and knowledge are from time to time invited to join the board of trustees.
The trustees have given due regard to the question of public benefit and are satisfied that all the activities and projects undertaken in the last year and listed below achieved the charitable purposes of: the advancement of education; the advancement of environmental protection or improvement; other purposes that are currently recongnised as charitable or are in the spirit of any purposes currently recognised as charitiable, and that all achieved public benefit.
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SUSTAINABLE WALES CYMRU GYNALIADWY
~~Summary of main activities and summary of fnances (2022/23)~~
Preface
During the 2022/23 financial year, the unincorporated charitable trust, Sustainable Wales Cymru Gynaliadwy (founded in 1997, Charity Commission ref. 1065789) sought permission from the Commission to convert to a Charitable Incorporated Organisation. The new CIO (reg. 1200330) was registered during September 2022, and at a meeting on 13/09/22 the board of trustees passed a resolution stating that the assets of the trust would be transferred, in their entirety, to the CIO - in accordance with both organisations governing documents and in the best interests of the charity.
The subsequent year end accounts relate to the financial activity occuring from 13/09/2205/04/23. However, this summary will also refer to the unincorporated trust (active until 12/09/22), as the activities, governing documents, personnel, aims and objectives etc. of the new CIO remain almost identical to the trust. Therefore, the financial activities of the former remain a strong indicator of the performance and prospects of the latter. Lastly, where restricted grant funding was earmarked for the purchase of fixed assets prior to 13/09/22 , these assets will still be classified as "restricted" and will depreciate in value in accordance with the same principles and at the same rate (see 'NOTES 1') as when they were purchsed by the unincorporated trust. Summary
The 2022/23 year saw a marked increase in financial activity, relative to the past few years. Firstly, income from all sources continued to bounce back after the pandemic, as unrestricted income more than doubled from 2021/22 financial year, to over £9,600.
Fundraising from the Green Room (12%) and other events (28%), contract work, such as with Renew Wales (23%), and donations (8%) continue to provide a predictable and regular source of income, as they have over the last decade. Additionally, in this period Sustainable Wales received a notable donation from their sister organisation, the Fairtrade and local goods retailer/community cooperative SUSSED Wales (equal to 26% of all unrestricted income). One of the original objectives of SUSSED since its founding, had been to generate additional income to support the Sustainable Wales' activities and goals, and given SUSSED’s recent strong sales the board members of the retailer agreed they were finally in a position to do so.
Regarding expenditure, non-contract/labour costs remain low, in part thanks to the officesharing arrangements with sister organisation, SUSSED. Premises costs did rise slightly as the charity undertook much needed office repairs and renewals, but this was fully budgeted for and funded by the Arnold Clark Community Fund grant (awarded and spent prior to the CIO's founding).
The most notable part of the statement of financial activities, is the receipt of two large grants of £25,000 (Postcode Lottery Grant) and £10,000 (Warm This Winter), that allow SW to expand its activities over the next 18 months. The Warm This Winter grant includes the creation of a series of campaign videos, with a call to action on the impacts of climate change, loss of biodiversity and lack of energy security. Crucially, the grants also provide match-funding towards contracting a part-time Local Sustainable Development Coordinator, which means the charity now has a dedicated coordinator to manage local groups and further the organisation’s objectives, enabling all parties to identify new projects and sources of income, to ensure the continued viability and financial sustainability of SW.
After accounting for restricted funds, SW carries forward £33,700 of cash to 2023/24 with no outstanding creditors, meaning that, combined with the charity’s persistently low outgoings, there are sufficient reserves to operate for a number of years.
Note that during this period, all the charity's assets were fully transferred to the new reg. registration 1200330, as part of the restructuring from a charitable trust to a 'Charitable Incorporated Organisation'.
Financial Review
A review of future plans of the charity indicates that there is sufficient income to run the organisation from the same location for a further 12 months.
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SUSTAINABLE WALES CYMRU GYNALIADWY
Trustees responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view if the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Approved by the board -
Richard Thomas Trustee/Chairperson
…………………………….
11/20/2023
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Independent Examiners Report to the Trustees
I report on the accounts of the Charity for the year ended 5 April 2023, which are set out on pages 8 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to:
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Examine the accounts under section 43 of the 1993 Act;
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Follow the procedures laid down in the general directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and ● State whether particular matters have come to our attention.
Basis of independent examiner's statement
The examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proceedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
- In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that, in any material respect, the requirements: ● to keep accounting records in accordance with section 41 of the 1993 Act; and ● to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. Mr M Little 11 Parkfields Pen Y Fai Bridgend CF31 4NQ Date: 11/13/2023
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STATEMENT OF FINANCIAL ACTIVITIES
| STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 April 2023 Unrest- ricted Funds £ Incoming resources Incoming resources from generated funds: Voluntary income: Donations and grants BAVO/WCVA Covid-19 Relief Grants - Arnold Clark Community Fund Grant - Postcode Lottery Grant - Warm This Winter Grant - Donations 333 SUSSED Donation 1,500 Amazon Smile 41 Activities and Contracts for generating funds: Renew Wales 885 Other Contract Fees - Fundraising/Events 1,942 Book Sales 59 Green Room Events 48 Green Room Café 245 Bank interest received 75 Room Hire 268 Printing Services - Commission - Other 15 Total incoming resources 5,411 Resources expended Charitable activities Staff/Contractor costs 0 Premises costs 1,955 Project Resources 922 Depreciation - Governance costs Management and administration - Total resources expended (2) 2,877 Net incoming resources 2,534 Transfers between funds 0 Reconciliation of Funds 31,026 Total funds carried forward (10) 33,560 Total funds brought forward** |
Rest- ricted Funds £ - - 25,000 10,000 - - - - - - - - - - - - - - 35,000 3,750 0 122 404 - 4,277 30,723 0 1,213 31,937 |
2235.15 36,873 Total 1212 Funds 36873.46 2023 - For Annual Return - Asset transfer 25,000 Donations and legacies 36,873 10,000 Investments 75.35 333 Charitable Activities 1,212 1,500 Other trading activites 2,235 41 Other 15 885 40,411 - 40410.96 1,942 59 48 £65,496.30 245 75 268 - 40411 - 15 40,411 40,411 3,750 40,411 1,955 1,044 404 - 7,154 33,257 0 32,239 65,496 |
FOR THE YEAR ENDED 5 April 2023 Incoming resources Incoming resources from generated funds: Voluntary income: Donations and grants BAVO/WCVA Covid-19 Relief Grants Arnold Clark Community Fund Grant Postcode Lottery Grant Warm This Winter Grant Donations SUSSED Donation Amazon Smile Activities and Contracts for generating funds: Renew Wales Other Contract Fees Fundraising/Events Book Sales Green Room Events Green Room Café Bank interest received Room Hire Printing Services Commission Other Total incoming resources Resources expended Charitable activities Staff/Contractor costs Premises costs Project Resources Depreciation Governance costs Management and administration Total resources expended (2) Net incoming resources Transfers between funds Reconciliation of Funds Total funds carried forward (10) Total funds brought forward** |
Movements in funds (if applicable) are disclosed in Note 10 to the financial statements. Note: New headings highlighted in italics. All incoming resources and resources expended derive from continuing activities.
** As per Summary of Main Acitivities, the 'Total funds brought forward' (i.e. opening account) sum is derived from transfer of assets from the unincorporated charitable trust (Sustainable Wales, Charity Commission ref. 1065789) to this CIO (ref. 1200330) of the same name, on the date of the former's dissolution. All incoming assets have been divided into 'restricted' and 'unrestricted' in accordance with the same principles and restrictions that they were governed by when they were received by the unincorporated Trust, and will likewise be spent or depreciated in the manner.
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SUSTAINABLE WALES CYMRU GYNALIADWY
BALANCE SHEET
| BALANCE SHEET | |
|---|---|
| AS AT 5 April 2023 TANGIBLE FIXED ASSETS (7) CURRENT ASSETS Cash at bank & in hand Debtors and prepayments CREDITORS: amounts falling due (8) within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS (9) FUNDS: Unrestricted funds - General Restricted funds TOTAL FUNDS (10) Approved by the Trustees on and signed on |
2023 |
| 809 64,687 - 64,687 - 64,687 65,496 65,496 33,560 31,937 65,496 their behalf by: |
……………………………………………….. - Authorised trustee
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SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
1. ACCOUNTING POLICIES
a) The accounts have been prepared on the historic cost convention. The accounts are in accordance with applicable accounting standards, the Statement of Recommended Practice 'Accounting and Reporting by Charities' and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 1993.
- b) Incoming resources from activities to further the charity's objects are recognised in the Statement of Financial Activities in the period in which they are claimed or invoiced
c) Resources expended are recognised in the period in which they are incurred.
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d) Resources expended are allocated to the particular activity where the cost relates directly to that activity.
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e) Grants for the purchase of fixed assets are recognised in full as restricted funds when receivable. Transfers are made to unrestricted funds (General fund) in line with the depreciation policy on the underlying asset.
Grants received which relate to costs of a revenue nature, are recognised in full as restricted funds when received. Transfers are made to unrestricted funds as and when the relevant expenditure is incurred.
- f) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, estimated on the following basis:
Fixtures, fittings and equipment 25% straight line
- g) The funds held by the charity are either unrestricted funds which can be used in accordance with the charity's objects (General fund), or are restricted funds raised for particular restricted purposes.
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NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
| 2. TOTAL RESOURCES EXPENDED Staff costs: Salaries/Wages/Contractors Contractors Translation costs Staff & Volunteer costs Training Premises costs: Rent Rates & water rates Light and heat Insurances Computer software & maintenance Telephone & BT Internet Repairs & Renewals Furniture Licences & subscriptions Sundry expenses Project resources: Gorwelion/ Our Square Mile Contracts Advertising/Promotion Projects Events Green Room speaker fees Translation costs Accommodation/Venue hire Expenses Management & administration: Bank Charges Loans Printing postage & stationery Accountancy Professional fees Depreciation: Fixtures, fittings and equipment |
Unrestricted funds £ - - |
Restricted funds £ 3,750 - |
2023 Total 3,750 - - - - |
|---|---|---|---|
| - | 3,750 | 3,750 | |
| - - - - 1,925 - - - 30 - |
- - - - - - - - - - - - - 122 - - - - - - 122 - - - - - - 404 4,277 |
- - - - 1,925 - - - 30 - 1,955 660 - 284 - - 100 - - - 1,044 - - - - - - 404 7,154 |
|
| 1,955 | |||
| 660 - 162 - - 100 - - - |
|||
| 922 | |||
| - - - - - |
|||
| - | |||
| - | |||
| 2,877 |
Page 10
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
3. NET INCOME/(EXPENDITURE) FOR THE YEAR
| This is stated after charging: Independent examiner's fees Depreciation 4. STAFF COSTS AND NUMBERS Staff costs were as follows: Salaries/Contract fees Social security costs |
2023 £ - 0 |
|---|---|
| 2023 £ - - |
|
| 0 |
No employee received emoluments of more than £60,000
The average number of employees, estimated on a full - time equivalent basis, analysed by function was as follows:
| s as follows: | ||
|---|---|---|
| 2023 | ||
| 0 | ||
| Costs in furtherance of charitable objectives: | - |
5. TAXATION
The charitable company is exempt from corporation tax on its charitable activities.
6. DEBTORS
| Prepayments Other debtors and prepayments |
2023 £ - - |
|---|---|
| 0 |
Page 11
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 April 2023
7. TANGIBLE FIXED ASSETS
| Cost: At 13 Sept 2022 Additions during year Revaluation Disposals At 5 April 2023 Depreciation: At 13 Sept 2022 Charge for year At 5 April 2023 Net book values: At 13 Sept 2022 At 5 April 2023 CREDITORS: amounts falling due within one year Creditors and accruals Taxes and social security ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Net current assets |
Fixtures, fittings & equipment £ 1213.00 0.00 0.00 0.00 # 1213.00 0.00 404.48 404.48 1213.00 808.52 2023 £ - - - Unrest - Rest - 2023 ricted ricted Total £ £ £ 0 809 809 64,687 0 64,687 64,687 809# 65,496 |
Total £ 1213.00 0.00 0.00 0.00 |
|---|---|---|
| 1213.00 | ||
| 0.00 404.48 |
||
| 404.48 | ||
| 1213.00 | ||
| 808.52 | ||
8. CREDITORS: amounts falling due within one year
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Page 12
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
10 MOVEMENTS IN FUNDS
| Restricted funds: BAVO Youth Led Grants BAVO/WCVA Covid-19 Relief Grant Postcode Lottery Grant Warm This Winter Sub-grant Total restricted funds Unrestricted fund: General fund Total funds |
At Incoming Outgoing Transfers Transfer 12 09 22 resources to unrestricted (Depreciation) £ £ £ £ 719.96 - - - 239.99 493.47 - - - 164.49 - 25,000.00 3,622.41 - - - 10,000.00 249.99 - - resources (before depreciation) |
At 05 04 23 £ 479.97 328.98 21,377.59 9,750.01 |
|---|---|---|
| 1,213.43 35,000.00 3,872.40 - 404.48 | 31,936.55 | |
| 31,025.65 5,410.96 2,876.86 - - | 33,559.75 | |
| 32,239.08 40,410.96 6,749.26 - 404.48 | 65,496.30 |
11 RELATED PARTY TRANSACTIONS
During the year, all transfers made to trustees in respect of project activities, were arrived at strictly on an arm's length basis.
12 CORRECTIONS
Page 13
Sustainable Wales Cymru Gynaliadwy
Report and Financial Statements
Year ended 5 April 2023
New C.I.O. Charity Commission registration number 1200330 (Former Charity Registration 1065789/0)
Financial Year 12/09/22 - 05/04/23
Page 1
SUSTAINABLE WALES CYMRU GYNALIADWY
| Contents | Page |
|---|---|
| Contents | 2 |
| Report of the Trustees | 3 - 5 |
| Independent Examiner's Report | 6 |
| Reserves Policy | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 10 - 14 |
Page 2
SUSTAINABLE WALES CYMRU GYNALIADWY
Report of the trustees for the year ended 5 April 2023
The trustees present their report and accounts of the charity for the year ended 5th April 2022. The financial statements have been prepared in accordance with the accounting policies set out on page 9 and comply with the charity's trust deed and applicable law.
Mission
Our mission is to seek solutions for the unsustainable way we live. This involves cultural change and has implications for future generations.
Aims:
To be an organisation that helps revitalise the local economy, promotes social progress, and is enterprising, creative and internationally aware.
We are committed to society, artistic creativity and the natural world. We work with communities, voluntary groups, businesses and government. We believe in this way we can foster an exciting future that doesn't cost us the Earth.
Strategic Campaign Themes:
· Citizenship - empowering communities, building capacity, increasing participation and sustainable outcomes for local people.
· Food and Drink – supporting local sourcing of food, ethical purchasing, fair trade and food growing, producing, cooking and baking.
· Energy efficiency and renewable energy - enabling community level action as well as encouraging more sustainable transport options.
· Waste – supporting designing out, encouraging circular economy, systems, design thinking and LCA, encouraging reuse, recycling and promotion of more durable goods.
· Consumerism – recommending collaborative consumption, sharing economy, purchasing local, organic, ethical and fairly traded goods and ending fast fashion.
· Healthy living and quality of life - increasing well-being, diversity and creativity, reconnecting with nature.
Organisation
The trustees seek to ensure that the needs of the charity and that of the public whom the charity serves, are appropriately reflected through the diversity of the trustee body. Traditional business skills are represented among the trustees, as well as individuals with knowledge of the environment within which the charity operates.
In an attempt to ensure that the needs of the charity and the public are met, individuals who possess the required skills and knowledge are from time to time invited to join the board of trustees.
The trustees have given due regard to the question of public benefit and are satisfied that all the activities and projects undertaken in the last year and listed below achieved the charitable purposes of: the advancement of education; the advancement of environmental protection or improvement; other purposes that are currently recongnised as charitable or are in the spirit of any purposes currently recognised as charitiable, and that all achieved public benefit.
Page 3
SUSTAINABLE WALES CYMRU GYNALIADWY
~~Summary of main activities and summary of fnances (2022/23)~~
Preface
During the 2022/23 financial year, the unincorporated charitable trust, Sustainable Wales Cymru Gynaliadwy (founded in 1997, Charity Commission ref. 1065789) sought permission from the Commission to convert to a Charitable Incorporated Organisation. The new CIO (reg. 1200330) was registered during September 2022, and at a meeting on 13/09/22 the board of trustees passed a resolution stating that the assets of the trust would be transferred, in their entirety, to the CIO - in accordance with both organisations governing documents and in the best interests of the charity.
The subsequent year end accounts relate to the financial activity occuring from 13/09/2205/04/23. However, this summary will also refer to the unincorporated trust (active until 12/09/22), as the activities, governing documents, personnel, aims and objectives etc. of the new CIO remain almost identical to the trust. Therefore, the financial activities of the former remain a strong indicator of the performance and prospects of the latter. Lastly, where restricted grant funding was earmarked for the purchase of fixed assets prior to 13/09/22 , these assets will still be classified as "restricted" and will depreciate in value in accordance with the same principles and at the same rate (see 'NOTES 1') as when they were purchsed by the unincorporated trust. Summary
The 2022/23 year saw a marked increase in financial activity, relative to the past few years. Firstly, income from all sources continued to bounce back after the pandemic, as unrestricted income more than doubled from 2021/22 financial year, to over £9,600.
Fundraising from the Green Room (12%) and other events (28%), contract work, such as with Renew Wales (23%), and donations (8%) continue to provide a predictable and regular source of income, as they have over the last decade. Additionally, in this period Sustainable Wales received a notable donation from their sister organisation, the Fairtrade and local goods retailer/community cooperative SUSSED Wales (equal to 26% of all unrestricted income). One of the original objectives of SUSSED since its founding, had been to generate additional income to support the Sustainable Wales' activities and goals, and given SUSSED’s recent strong sales the board members of the retailer agreed they were finally in a position to do so.
Regarding expenditure, non-contract/labour costs remain low, in part thanks to the officesharing arrangements with sister organisation, SUSSED. Premises costs did rise slightly as the charity undertook much needed office repairs and renewals, but this was fully budgeted for and funded by the Arnold Clark Community Fund grant (awarded and spent prior to the CIO's founding).
The most notable part of the statement of financial activities, is the receipt of two large grants of £25,000 (Postcode Lottery Grant) and £10,000 (Warm This Winter), that allow SW to expand its activities over the next 18 months. The Warm This Winter grant includes the creation of a series of campaign videos, with a call to action on the impacts of climate change, loss of biodiversity and lack of energy security. Crucially, the grants also provide match-funding towards contracting a part-time Local Sustainable Development Coordinator, which means the charity now has a dedicated coordinator to manage local groups and further the organisation’s objectives, enabling all parties to identify new projects and sources of income, to ensure the continued viability and financial sustainability of SW.
After accounting for restricted funds, SW carries forward £33,700 of cash to 2023/24 with no outstanding creditors, meaning that, combined with the charity’s persistently low outgoings, there are sufficient reserves to operate for a number of years.
Note that during this period, all the charity's assets were fully transferred to the new reg. registration 1200330, as part of the restructuring from a charitable trust to a 'Charitable Incorporated Organisation'.
Financial Review
A review of future plans of the charity indicates that there is sufficient income to run the organisation from the same location for a further 12 months.
Page 4
SUSTAINABLE WALES CYMRU GYNALIADWY
Trustees responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view if the charity's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departure disclosed and explained in the financial statements.
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and which enable them to ascertain the financial position of the charity and which enable them to ensure that the financial statements comply with applicable law. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Approved by the board -
Richard Thomas Trustee/Chairperson
…………………………….
11/20/2023
Page 5
SUSTAINABLE WALES CYMRU GYNALIADWY
Independent Examiners Report to the Trustees
I report on the accounts of the Charity for the year ended 5 April 2023, which are set out on pages 8 to 14.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to:
-
Examine the accounts under section 43 of the 1993 Act;
-
Follow the procedures laid down in the general directions given by the Charity Commission under section 43(7)(b) of the 1993 Act; and ● State whether particular matters have come to our attention.
Basis of independent examiner's statement
The examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The proceedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
Independent examiner's statement
- In connection with my examination, no matter has come to my attention: 1) which gives me reasonable cause to believe that, in any material respect, the requirements: ● to keep accounting records in accordance with section 41 of the 1993 Act; and ● to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts be reached. Mr M Little 11 Parkfields Pen Y Fai Bridgend CF31 4NQ Date: 11/13/2023
Page 6
SUSTAINABLE WALES CYMRU GYNALIADWY
STATEMENT OF FINANCIAL ACTIVITIES
| STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|
| (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 5 April 2023 Unrest- ricted Funds £ Incoming resources Incoming resources from generated funds: Voluntary income: Donations and grants BAVO/WCVA Covid-19 Relief Grants - Arnold Clark Community Fund Grant - Postcode Lottery Grant - Warm This Winter Grant - Donations 333 SUSSED Donation 1,500 Amazon Smile 41 Activities and Contracts for generating funds: Renew Wales 885 Other Contract Fees - Fundraising/Events 1,942 Book Sales 59 Green Room Events 48 Green Room Café 245 Bank interest received 75 Room Hire 268 Printing Services - Commission - Other 15 Total incoming resources 5,411 Resources expended Charitable activities Staff/Contractor costs 0 Premises costs 1,955 Project Resources 922 Depreciation - Governance costs Management and administration - Total resources expended (2) 2,877 Net incoming resources 2,534 Transfers between funds 0 Reconciliation of Funds 31,026 Total funds carried forward (10) 33,560 Total funds brought forward** |
Rest- ricted Funds £ - - 25,000 10,000 - - - - - - - - - - - - - - 35,000 3,750 0 122 404 - 4,277 30,723 0 1,213 31,937 |
2235.15 36,873 Total 1212 Funds 36873.46 2023 - For Annual Return - Asset transfer 25,000 Donations and legacies 36,873 10,000 Investments 75.35 333 Charitable Activities 1,212 1,500 Other trading activites 2,235 41 Other 15 885 40,411 - 40410.96 1,942 59 48 £65,496.30 245 75 268 - 40411 - 15 40,411 40,411 3,750 40,411 1,955 1,044 404 - 7,154 33,257 0 32,239 65,496 |
FOR THE YEAR ENDED 5 April 2023 Incoming resources Incoming resources from generated funds: Voluntary income: Donations and grants BAVO/WCVA Covid-19 Relief Grants Arnold Clark Community Fund Grant Postcode Lottery Grant Warm This Winter Grant Donations SUSSED Donation Amazon Smile Activities and Contracts for generating funds: Renew Wales Other Contract Fees Fundraising/Events Book Sales Green Room Events Green Room Café Bank interest received Room Hire Printing Services Commission Other Total incoming resources Resources expended Charitable activities Staff/Contractor costs Premises costs Project Resources Depreciation Governance costs Management and administration Total resources expended (2) Net incoming resources Transfers between funds Reconciliation of Funds Total funds carried forward (10) Total funds brought forward** |
Movements in funds (if applicable) are disclosed in Note 10 to the financial statements. Note: New headings highlighted in italics. All incoming resources and resources expended derive from continuing activities.
** As per Summary of Main Acitivities, the 'Total funds brought forward' (i.e. opening account) sum is derived from transfer of assets from the unincorporated charitable trust (Sustainable Wales, Charity Commission ref. 1065789) to this CIO (ref. 1200330) of the same name, on the date of the former's dissolution. All incoming assets have been divided into 'restricted' and 'unrestricted' in accordance with the same principles and restrictions that they were governed by when they were received by the unincorporated Trust, and will likewise be spent or depreciated in the manner.
Page 7
SUSTAINABLE WALES CYMRU GYNALIADWY
BALANCE SHEET
| BALANCE SHEET | |
|---|---|
| AS AT 5 April 2023 TANGIBLE FIXED ASSETS (7) CURRENT ASSETS Cash at bank & in hand Debtors and prepayments CREDITORS: amounts falling due (8) within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS (9) FUNDS: Unrestricted funds - General Restricted funds TOTAL FUNDS (10) Approved by the Trustees on and signed on |
2023 |
| 809 64,687 - 64,687 - 64,687 65,496 65,496 33,560 31,937 65,496 their behalf by: |
……………………………………………….. - Authorised trustee
Page 8
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
1. ACCOUNTING POLICIES
a) The accounts have been prepared on the historic cost convention. The accounts are in accordance with applicable accounting standards, the Statement of Recommended Practice 'Accounting and Reporting by Charities' and comply with the Charities (Accounts and Reports) Regulations 2008 issued under the Charities Act 1993.
- b) Incoming resources from activities to further the charity's objects are recognised in the Statement of Financial Activities in the period in which they are claimed or invoiced
c) Resources expended are recognised in the period in which they are incurred.
-
d) Resources expended are allocated to the particular activity where the cost relates directly to that activity.
-
e) Grants for the purchase of fixed assets are recognised in full as restricted funds when receivable. Transfers are made to unrestricted funds (General fund) in line with the depreciation policy on the underlying asset.
Grants received which relate to costs of a revenue nature, are recognised in full as restricted funds when received. Transfers are made to unrestricted funds as and when the relevant expenditure is incurred.
- f) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, estimated on the following basis:
Fixtures, fittings and equipment 25% straight line
- g) The funds held by the charity are either unrestricted funds which can be used in accordance with the charity's objects (General fund), or are restricted funds raised for particular restricted purposes.
Page 9
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
| 2. TOTAL RESOURCES EXPENDED Staff costs: Salaries/Wages/Contractors Contractors Translation costs Staff & Volunteer costs Training Premises costs: Rent Rates & water rates Light and heat Insurances Computer software & maintenance Telephone & BT Internet Repairs & Renewals Furniture Licences & subscriptions Sundry expenses Project resources: Gorwelion/ Our Square Mile Contracts Advertising/Promotion Projects Events Green Room speaker fees Translation costs Accommodation/Venue hire Expenses Management & administration: Bank Charges Loans Printing postage & stationery Accountancy Professional fees Depreciation: Fixtures, fittings and equipment |
Unrestricted funds £ - - |
Restricted funds £ 3,750 - |
2023 Total 3,750 - - - - |
|---|---|---|---|
| - | 3,750 | 3,750 | |
| - - - - 1,925 - - - 30 - |
- - - - - - - - - - - - - 122 - - - - - - 122 - - - - - - 404 4,277 |
- - - - 1,925 - - - 30 - 1,955 660 - 284 - - 100 - - - 1,044 - - - - - - 404 7,154 |
|
| 1,955 | |||
| 660 - 162 - - 100 - - - |
|||
| 922 | |||
| - - - - - |
|||
| - | |||
| - | |||
| 2,877 |
Page 10
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 April 2023
3. NET INCOME/(EXPENDITURE) FOR THE YEAR
| This is stated after charging: Independent examiner's fees Depreciation 4. STAFF COSTS AND NUMBERS Staff costs were as follows: Salaries/Contract fees Social security costs |
2023 £ - 0 |
|---|---|
| 2023 £ - - |
|
| 0 |
No employee received emoluments of more than £60,000
The average number of employees, estimated on a full - time equivalent basis, analysed by function was as follows:
| s as follows: | ||
|---|---|---|
| 2023 | ||
| 0 | ||
| Costs in furtherance of charitable objectives: | - |
5. TAXATION
The charitable company is exempt from corporation tax on its charitable activities.
6. DEBTORS
| Prepayments Other debtors and prepayments |
2023 £ - - |
|---|---|
| 0 |
Page 11
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 April 2023
7. TANGIBLE FIXED ASSETS
| Cost: At 13 Sept 2022 Additions during year Revaluation Disposals At 5 April 2023 Depreciation: At 13 Sept 2022 Charge for year At 5 April 2023 Net book values: At 13 Sept 2022 At 5 April 2023 CREDITORS: amounts falling due within one year Creditors and accruals Taxes and social security ANALYSIS OF NET ASSETS BETWEEN FUNDS Tangible fixed assets Net current assets |
Fixtures, fittings & equipment £ 1213.00 0.00 0.00 0.00 # 1213.00 0.00 404.48 404.48 1213.00 808.52 2023 £ - - - Unrest - Rest - 2023 ricted ricted Total £ £ £ 0 809 809 64,687 0 64,687 64,687 809# 65,496 |
Total £ 1213.00 0.00 0.00 0.00 |
|---|---|---|
| 1213.00 | ||
| 0.00 404.48 |
||
| 404.48 | ||
| 1213.00 | ||
| 808.52 | ||
8. CREDITORS: amounts falling due within one year
9. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Page 12
SUSTAINABLE WALES CYMRU GYNALIADWY
NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023
10 MOVEMENTS IN FUNDS
| Restricted funds: BAVO Youth Led Grants BAVO/WCVA Covid-19 Relief Grant Postcode Lottery Grant Warm This Winter Sub-grant Total restricted funds Unrestricted fund: General fund Total funds |
At Incoming Outgoing Transfers Transfer 12 09 22 resources to unrestricted (Depreciation) £ £ £ £ 719.96 - - - 239.99 493.47 - - - 164.49 - 25,000.00 3,622.41 - - - 10,000.00 249.99 - - resources (before depreciation) |
At 05 04 23 £ 479.97 328.98 21,377.59 9,750.01 |
|---|---|---|
| 1,213.43 35,000.00 3,872.40 - 404.48 | 31,936.55 | |
| 31,025.65 5,410.96 2,876.86 - - | 33,559.75 | |
| 32,239.08 40,410.96 6,749.26 - 404.48 | 65,496.30 |
11 RELATED PARTY TRANSACTIONS
During the year, all transfers made to trustees in respect of project activities, were arrived at strictly on an arm's length basis.
12 CORRECTIONS
Page 13