REGISTERED COMPANY NUMBER.. 14111464 IEngland and Wales) REGISTERED CHARITY NUMBER= 1209241 RÉPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR WAHWN LIMITED Bevan Buckland LLP Chartered Accountants C8Stle Chambers 6 Westgate Hill Pembroke Pembroke5hire SA71 4LB
WAHWN LIMITED CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Pag8 Report of the Trusts98 Indgpondont Examin¢rfs Report Statement of Flnanclal AvItIeS Balanco Sheet No18S to the Flnanclal Staternents D¢talled Sta¢ement of Flnanclal A¢ltvltl 10 to 11
WAHWN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also diredors of the charity for the purposes of the Companies Act 2006. pres8nt their report with the finantial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions ol Accounting and Reporting by Charities Statement of Recommended Practi applicable lo charities preparing their accounts in accordance wth the Financial Reporting StsrKlard applicab In the UK and Republic ol Ireland IFRS 1021 18ff8Ctive 1 January 20191. OBJECTIVES AND AcnviTIES Objective8 and aims The company started the year as a not for profrt cornpany limited by guarantee. On the 22nd July 2024 the company changed its status to an incorporated charity. Du8 to the changes tnade no comparative balances have been entered in the accounts as during 2024 WAHWN Ltd was not a Charity. The promotion and preservation of good he8Kh for the public l)enefit in Wales through the use of the 8rt5, In parCular but not exclusively by promoting greatei awareness of the benefits ol the arts in promoting health. and providing advocscy, research, training. inforrnab'on and resources to supwrt health and arts profession81s rAtryin9 Out sueh work, Aimslmission To support, devdop and research arts and health practi in Wales. This builds on our established networks, whith extend beyond our members. and reach health setwts leadership and key planning fowrns such as Welsh Governmenys Cross-Party Group on Arts and Health. Through our mission we seek to.. Connect and empower change makers across Wales, arts and health ecology. Build political traction to supportthe transfomative power ol the arts and creativity for health and wellbeing. Chatnpion arKI support Creative innovation to transloitn healthcare systems in W21es. Grow the resilience and impact of arts organisations and artists delivering artistic work which aligns with hèalth and wellbeing oulcomes Significant activitia$ Dunng the year, the th3rity delivered 8 range of impaetful programmes and activibes, including How Ya Doing? - Strategies for Wellbeing- Supporting 12 tsrganisations to develop robust wellbeing 5trategi8S 8nd practiees 10 x Go and See but5aries awarded to underrepresented practstioners 10 strategic neOrk ffleeings- Including supporting members to feedback on Wellbeing of Future Generations Office 10 year report and help shape recommendations for Welsh Govemm8nt 21 peer leaming group sessions - 196 attendances and 80°A positive feedback Contributing to 3 x COnfences- Welsh NHS Confederaiion., Public Health Wales'Hapu5' evènts And Wellbeing Economy Festival tsf Ideas Publie banellt The trustees confirm that they have complied wth their duty under section 17 of thè Charittès Act 2011 to have due regard to public benefit guidane£ published by the Charity Commission. All activities undertaken during the year were designed ta deliver tangible public benefit. in¢luding improved ment31 health and wellbeing. ACHIEVEMENTS AND PERFORIUNCE Charltable aetiviti•$ The ftsllomryng achievements were msde during ihe year. Securing mutti-year funding from the Arts Cauncil of Walès Securing a 2-yaar grant for How Ya Doing? practitioner wellbeing programme from The Baring Foundation. Cynnig Cyrnr3eg (Welsh Offer) approved by Welsh Language Comrnis5itsnÉr 100Oh of social media posts bilingual Public Health Wales confirmed as WEAVE Conferen sponsor for 2025 Arts & Business Cymru 'CultureStep' support secu for WEAVE wnferenc8 FINANCIAL REVIEW Flnancial posltlon The charity remains in a stable financial position. Totsl income forthe year was £222.134. with expenditure of £188,652. The surplus will be carried forward to support future pr(oramme delivery. Tha trustees continue to monitor financial perf0rrnan closely and are focused on building £25,000 reserves preSenting 3 rnonths operats.ng costs. Golng con¢em The trustees consider th8 charity to be a going concem. We have secured funding commitments for the next financial year and have robust plans in place to diversify income slrearns and manage costs effectively. Page 1
WAHWN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 FUTURE PLANS Deliver'weave, national arts and health conference in partnership wrth Betsi Cadwaladr University Health Board and Wretham University Deliver Creative health market places in 7 heatth board regions Work in partnership with the Wellcome Trust and University ol SoLrth Wales on Discovery Research programme Deliver Stepping In- ¢ative Workfor diversity programme Work In partnership with Public Health Wales and Wellbeing of Future Generations Office on an AHRC Co Lab Policy NebNork programme RepSent the sector at quarterly Welsh Government Cross Party Group on Arts and Hèalth meetings STRUCTURE. GOVERNANCE AND MANAGEMENT Management and goveman¢e The tharity 15 conlrolled by its gov8ming document, a deed of trust. and constitutes a limrted company. limited by guarante8, as defined by the Companies Act 2(KJ6. WAHWN Lirnited Trustee Directors are responsible for the strategic di¢tIon ol the charity and they delegate executive nctions to Angela Elliott (Executs've Director) and Rebecca Collins (Programme OffIrI. REFERENCE AND ADMINISTRATIVE DETAILS Règistèrèd Company number 14111464 IEngland and Walès) Reglstered Charlty number 1209241 Reglstered offlce 34 Dewing Avenue Manorbier Tenby SA70 7TS Trust•ès Justine Elizabeth Wheatley Chair Jain Elizabeth Boon Sarah Nicole Goodey Gwenno Eleri Jones Company Secretary Angela Eliott Independent Examin8r Bev8n Buthland LLP Chartered Accountants Casfje Ch8mb8rs 6 Weslgale Hill Pembroke Pembrokeshire SA714LB Approved by order of th8 board of ttustees on .AJDJuSay.2Qth.Qotatw2Q2& and signed on its behalf by.. Ju8h'n8 Elizaiieth Wheatley- Twstee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WAHWN LIMITED Independent examlnerf8 roport to the trustees of Wahwn Llmlted Ilhe Cornpanv) I report to the chanty trustees on my examination of the accounts of the Company for the year ended 31 March 2025. ResponaibllltlÈs and ba8[8 of report As the charity's trustee5 of the Company land also it5 directors lor the purposes of company lawl you 8re responsible for the preparation of th8 accounts in ac£ordance wth the requirements of the Companies Act 2006 (the 2006 Act'l. Hawng satisfied myself that the accounts ol the Company ale rK)t required to be audited under Part 16 of the 2006 Act 8nd are eligible for Independent examinal'on, I report in respect of my examination of your charitys accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Acf l. In carrying oul my exarnination I have followed the Directions given by the Charity Commission under Section 145151 Ibl ol the 2011 Act. Independent examin8V8 statement I have completed my examinalion. I confirm that no matters have corne to my attention in connection wilh the examination giving me cause to believe.. accounting records were not kept In respect of the Company as required by Section 386 of the 2006 ACL or the accounts do not accord with those records, or the accounts do not comply wth the awounting requirèm6nis of Section 396 of the 2006 Act oth8r than any uirement that the accounts give a true and fair leW whleh is not a matter consider&S 88 Part of 8n independent examination., or the accounts have not been prepared in accordance wth the methods and prinpIeS of the Statement of Recommended Practice for accounting and reporting by charities (applicable to th8rities preparing their accounts in aC£ordarS with the Fin8nThal Repotting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have come across no other matters in connection wth the examination to which attention should be drawn in this report in order io enablé 8 propar understanding ol the awount5 to be reached. Caroline J Wheele Thè Institute of Chartered Accountants in England and Wale5 BevaD Bucjfland LLP Ch8rtered Accountants Castle Chambers 6 Westgate Hill Pembioke Pembrokeshire SA71 4LB Oate. Page 3
WAHWN LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THEYEAR ENDED 31 MARCH 2025 2025 Tot81 ftjnds 2024 Total ftjnds Unrèstrictéd fund RÈstllcted fund Notes INCOME AND ENDOWMENTS FROM Donations and leg8cies 210.550 210.550 Other trading activities 11,584 11,584 Totsl 11,584 210.550 222.134 EXPENDITURE ON Raising funds 132,682 132.682 Charftable a¢tlvltle$ Delivery of the ch8rit18s obje¢t8 4,465 51.505 55.970 Total 4,465 184.187 188,652 NET INCOAIE 7,119 26.363 33.482 RECONCILIATION OF FUNDS Ttstal funds brought forward 10,295 10.295 10,295 TOTAL FUNDS CARRIED FORWARD 17,414 26,363 43.777 10,295 The notes fomi part of these financial $tatemenls Page 4
WAHWN LIMITED BALANCE SHEET 31 MARCH 2025 2025 Total fvnds 2024 Total funds Unrèstricted fijnd Restricted fund Note5 FIXED ASSETS Tangible assets 774 774 131 CURRENT ASSETS Debtors Cash at bank 145 19.576 145 47.785 1.860 35.106 28,209 19,721 28,209 47,930 38,966 CREDITORS Amounts falling due wthin one year 10 13,0811 11,8461 14,9271 126,8021 NET CURRENT ASSETS 16,640 2e.363 43,003 10.164 TOTAL ASSETS LESS CURRENT LIABILITIES 17,414 26,363 43.777 10,295 NET ASSETS 17,414 26,363 43,777 10,295 FUNDS Unrestricted funds Restncied fvnds 17,414 26,363 10.295 TOTAL FUNDS 43,777 10.295 The charitable company is entided to exemption from audit under Section 477 of the Companies Act 2006 for Ihe yaar ended 31 March 2025. The members have not required the company to obtsin an audit of its finandal st8tgments for the year ended 31 March 2025 in accordanc£ with Section 476 01 the Companies Act 2008. Tha truste&5 acknovledge their responsibilities for lal ensunng that the charitable company keeps accounling e0rd$ that comply wth Sections 386 and 387 of tha Companies Act 2006 and preparing financial statements which give a true and fair view of the state ol affairs of the chanlable company as at the end of each financial year and of its surplus or deficit for each financial year in accordan with the requirements of Sections 394 and 395 and which othemise comply with the requirements of the Cornpanies Act 2006 relatsng to finanoal statements. so far as applic8ble to the charitable company. These financial 5tatetnents have been prepared in a¢wrdall with the prowsions applicable to charitable cornpanies subject to the small cornp8nie5 regime. The financial slatements were approved by the Board of Trustees and authori58d for issue ..Motthy2nihnciobÈt.2025.. and were svjned on its behalf by". on Justin8 Elizabeth Wheatley- Trustee TIE notes form part ol these financial stat&ment5 Page 5
WAHWN LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES Basls of proparlng the f(nan¢lal statements The financial statements of the chantable company, whith is a public benefit entrty under FRS 102, have been prepared in accordance the Chariti8s SORP IFRS 1021 'Accounting and Reporbng by Charities". Statement of Recornmended Piacbce applicable to chanties preparing their account5 in accordanee wth the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicaNe in the UK and Republic tsf Ireland. and the Companies Act 2006. The financial statements have been ppared under the historical cost convention. Income AIS Income is Cognised in the Statement of Financial Actiwties once the charity has entitlement to the funds, it is probable that the Income yri11 be erVed and the amount can be measu0 reliably. Expenditure Liabiliti8s are recognisgd as expenditure 8s soon as there is a lagkl or constructive oblvJats"on commithng the charity to that expenditure, It Is probable that a transftrr of economic benefits wll be required In settlement and the amount of the obligation Can be m88sured reliably. Expenditure Is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be direcuy attributed to particular he8dings thay have been allocated to activits'es on 8 basis consistent with th& use of $Our$. T¥nglble flX a888ts Depre¢iats'on is provided at the following annual rates in wder to write off each asset over its estimated useful Equipment 33% on c05t TaXaOn The charity is exempt from corporation tax on its eh8rit8ble 8Ctiwties. Fund accounting Unrestricted funds Can be used in accordance with the charitsbte objectives at the discretion of th8 trustees. Restricted fvnds can only be used for particul8r restricted purposes within the objects of the Charity. Restrictions 8rise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation ol the natu and purpose of each fund is included in the notes to the financial statements. Penslon costs and other po$twrettrement benefits The £hantable company operate5 a defined contribution pension scheme. Contributions payable to the thantab18 company's pension scheme 8re charged to the Statement ol Financial Actiwties In the period to which they relate. Grant ineomo Revenue grants are recorded 8t the date they S eeNed and capit81 grants afft lessed In lime with the expected useful life ol the related assel. DONATIONS AND LEGACIES 2025 2024 Grants 210,550 Gr8nts received. induded in the above. Are ès follows. 2025 2024 Art Council ol Wales The Baring Foundation 179.925 30.625 210,550 Page 6 continu8d...
WAHWN LIMITED NOTES TO THE FINANCIAL STATEMENTS- ¢ontlnu8d FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING ACTIVITIES 2025 2024 Training income Partnership income Consultancy income 3,564 6,220 1,800 11,584 NET INCOMEIIEXPENDITUREI Net incomellexpenditurel is ststed after chargingl1edrtlng1' 2025 2024 Depreryats"on - owned assets 421 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. rernuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustè•s' •xpens•s During the peric* under r8V18W the following amounts were paid to the Trustees." Outstandln9 Totsl Amount at Year End Mrs J E Boon Artist Expenses 2.980 Mrs J E Wheatley A$t Expenses 1.400 Mrs S Goodey Arbst Expenses 83 STAFF COSTS The average monthly number of employees during the year was as fallows.. 2025 2024 Full time and part time employees No employees received emoluments in KS of£60.000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fund Total nds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward 10,295 10,295 TOTAL FUNDS CARRIED FORWARD 10,295 10.295 Page 7 conb'nued...
WAHWN UMITED NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Equipment COST At 1 April 2024 Additions 195 1,064 At 31 March 2025 1,259 DEPRECIATION At 1 April 2024 Charge for year 421 At 31 March 2025 485 NET BOOK VALUE At 31 March 2025 774 At 31 March 2024 131 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade debtors Prepayments 145 1.408 452 145 1,860 10. CREDITORS: AMOUNT5 FALLING DUE VVITHIN ONE YEAR 2025 2024 Trade creditors Tax Social security and other taxes Other creditors Income received in advance Accrued expenses 1,848 905 325 768 273 23,582 2,010 2,040 4,927 26.802 11. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestrleted funds General fund 10,295 7,119 17,414 R88tricted fund¥ Restricted fund 26,363 26,363 TOTAL FUNDS 10,295 33.482 43,777 Page 8 continued...
WAHWN LIMITED NOTES TO THE FINANCIAL STATEMENTS. continuod FOR THE YEAR ENDED 31 MARCH 2026 11. MOVEMENT IN FUNDS- continued Net movement in funds. Induded in the above are as follows.. Incoming reSoUrS Rèsouicès expended Movement In funds Unrestrl¢ted funds General fund 11,584 14,4651 7,119 Re8trict8d fund$ Restricted fund 210,550 1184,1871 26,363 TOTAL FUNDS 222, 134 1188,6521 33,482 12. RELATED PARTY DISCLOSURES All transactions with trustees are included in note 5. 13. PRE CHARITABLE STATUS TFIADING On ihè 14th June 2024 thé company changed its status from a company limited by guarantee to a charity- During the peri from the 1st April 2024- 14tt) June 2024 the follovAng transactions occurred". Tumover including grant income 102,002 Expenses 67,274 Profit donated to the company under gift aid rules 34,728 Page 9
WAHWN LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legaci8S Grants 210.550 othèr iradsng activitles Training Income Partnership income Consultancy income 6.220 1.800 11.584 Total Incomlng resourcfjs 222.134 EXPENDITURE Raising donatrons and legacies Vvages Pensions Staff training Consulting expenses Researching Program tnanagement fee5 Supervision expenses Mentoring exp8ns88 Tr8ns18tion fe8$ 41.61J) 1.045 565 59.439 4,049 19,100 950 1.550 132.682 Charltsblg activiti Advertising Artists lees and expenses Bursaries and grants paid Event costs Travel expénsas Coaching and learning group costs soo 19.050 6.359 2,539 6,083 1.275 35,806 Support costs Management Ac¢ountan¢y fees Professional fees Bookkeeping and payroll 2,040 1,283 7,574 10,897 Flnance Bank charges 116 Other Insuran Light and he8t Telephone Postage and stationery Sundries IT sofvrfare and consumables Carried forward 453 312 600 50 243 1.534 3.192 This page does not lonr part olthe stslutory financial st8tement8 Page 10
WAHWN LIMITED DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Other Brought fOnard Subsciiptions Website costs Equipment 3,192 4,894 421 9,151 Total resources 8xpended 188,652 N8t income 33.482 This page does not form part of the statutory financial statements Page 11