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2021-12-31-accounts

Charity number: 239899

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers 1
Trustees' report 2 - 7
Independent examiner's report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 26

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Jonathan Colchester, Chair
Geoffrey Sinclair, Vice Chair
Penelope Williams, Treasurer
Victor Warren
Dr Ken Addison
Robert Hepworth
Christine Hugh Jones
Richard Williams-Ellis
Dr Jonathan Dean (appointed 27 November 2021)
Charity registered
number

Principal office





Accountants






 239899
Ty Gwyn
31 High Street
Welshpool
Powys
SY21 7YD
WR Partners
Chartered Accountants
Hafren House
5 St Giles Business Park
Newtown
Powys
SY16 3AJ

Page 1

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report together with the financial statements of the Ymgyrch Diogelu Cymru Wledig Campaign for the Protection of Rural Wales (CPRW) for the 1 January 2021 to 31 December 2021.

Objectives and activities

a. Policies and objectives

The Charity is constituted under a Charity Commission Scheme and is a Registered Charity, number 239899. Its objects and ethos are as set out in its Constitution and its Mission Statement.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

b. Strategies for achieving objectives

Communicating CPRW’s messages and the profiling of its work and the efforts of its Branch volunteers is a high priority. This remained difficult in 2021, but we managed to produce one edition of the members’ magazine Rural Wales: the e Bulletin continued monthly during the year and the website was updated when necessary. Owing to COVID restrictions still being in place, very few events took place.

c. Governanace and management

The new CEO, Jon Parker, started work in January 2021. He immediately made an impact and secured funding to carry out a Strategic review of the organisation. This was a huge piece of work, which was carried out in conjunction with various specialist consultants, participation from members and others, and culminated in a report being presented to Trustees in July 2021. It was adopted by the Trustees, and work started on carrying out the identified priority actions immediately.

As there were still some restrictions in place, Trustees continued to hold their meetings via Zoom, which enabled the Charity’s business to continue. They met 10 times during 2021 with a high level of 'attendance'. All members undertake their duties as Trustees in a voluntary capacity.

We held the AGM virtually in October 2021 and held a Council meeting virtually in November 2021.

d. Volunteers

The time given and commitment shown by Branch members in a voluntary capacity to CPRW’s work is significant and the crucial role and contribution they make locally to the organisation’s overall activities is of particular importance and value. The number of active volunteers in CPRW’s Branches is estimated at some 70, excluding trustees.

Page 2

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Achievements and performance

a. Review of activities

During the year, nationally and locally through our Branches, CPRW continued to respond to a whole host of consultations. We acknowledge the tremendous effort which our Branches and key individuals make to this process. These involve the following key themes which are central to the work of CPRW.

Given the current very limited staff resources, Head Office staff and Trustees had to work harder than in previous years to champion these causes.

b. Details of material fundraising

The new CEO was successful in gaining funding to carry out the strategic review.

c. Investment policy and performance

Due to the continuing unpredictability of the markets, the reserves continue to be held by Head Office as cash.

d. Working with and influencing others

Collaborative working continues to be an important dimension of CPRW’s approach towards its work and an effective means by which it spreads its messages. Clearly, this was again somewhat curtailed during the year because of the ongoing restrictions.

Page 3

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Financial review

a. Going concern

After reviewing the current financial situation and making the necessary enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the coming year. The Strategic review flagged up the need to secure additional income from a variety of sources to provide greater stability so far as the future financial status of the organisation is concerned. Expenditure on further staff would be limited until income has been raised. For this reason, the NEC continue to adopt the “going concern basis” in preparing these financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

b. Reserves policy

CPRW’s Reserves policy is the basis for the organisation’s investment and routine financial management procedures.

As noted previously the £106,381 which was held as Invested reserves is being held in cash by Head Office. Legacy income in this period has been reasonable, but trustees bear in mind that this source of income is variable and not guaranteed; so prudent assessment of controlling staff costs, despite the real need for more staff, must be balanced.

The free reserves of the Charity are calculated as the unrestricted reserves less designated funds and unrestricted fixed assets, and amount to £163,465 (2020: 130,397).

c. Factors affecting overall performance

The unpredictability of CPRW’s financial base continues to have a significant effect on the capacity of the organisation to undertake activities of direct relevance to its interests.

Raising sufficient income to cover core costs remains a challenge and will continue to be a primary focus of effort during 2022, in order to stabilise and improve the organisation’s financial position. We were again fortunate to receive some reasonable legacies during the year, which are always a vital source of core funding. However, the continued reliance on this unpredictable income stream poses a major risk to the organisation and an unacceptable basis for CPRW’s long term financial security. A priority for the NEC in 2022 is to secure further unrestricted funds.

Our appeals to members continue to be a valuable source of funding, and must re start in 2022.

d. The Financial Picture

The NEC along with the Operations Manager, actively and regularly monitored CPRW finances and reported their changing financial circumstances throughout the year.

CPRW wishes to thank all those who supported its activities in 2021. Sincere thanks are also recorded to all those who enabled our work to continue as a result of the other generous support they provided by way of gifts and legacies.

Page 4

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management

a. Constitution

Ymgyrch Diogelu Cymru Wledig Campaign for the Protection of Rural Wales is a registered charity, number 239899, and is constituted under a Trust deed.

b. Methods of appointment or election of Trustees

The management and control of the Charity is the responsibility of the NEC, its members being elected under the provisions of the Constitution. The managerial responsibilities and activities of the Charity are undertaken by employed staff located at the organisation’s office in Welshpool. Head Office fixed assets and investments are managed on behalf of the organisation by the Holding Trustees within the terms of a Trust Deed. Three NEC sub-committees have been appointed previously (Staff, Finance and Communications).

c. Risk management

All matters of strategic relevance or those which have organisational / resource implications are assessed and reported to meetings of the NEC. These assessments are made by Head Office staff often in conjunction with the Chairman both in terms of the risk to the organisation, its finances and also the scope and welfare of the staff involved.

No notifiable workplace incidents occurred in 2021 and CPRW continues to adhere to all relevant workplace and employee Regulations and Standards.

Not withstanding these circumstances, the greatest risk to the organisation’s future remains the uncertainty about its medium to longer term funding base. To counteract this, the organisation’s resources are closely monitored and scrutinised every quarter by the National Executive and our financial management practices audited regularly by our professional external Accountants to ensure there are no unaddressed issues or irregularities which will lead to longer term problems.

d. Financial management

CPRW sets an Annual budget approved by the NEC at its December meeting. Updates on the organisation’s ongoing financial status and budgetary performance are presented regularly to the NEC and any adjustments are considered and thereafter formally endorsed by them. The Treasurer monitors the organisation’s current financial situation and future needs.

e. Organisational structure and decision making

CPRW has been a registered Charity since 1928 and operates within the terms of its Governing documents. The Charity is a grass roots organisation with 14 Branches (10 currently active) each having its own Executive Committee and operating within the framework of CPRW’s Objects and its Branch constitution.

Each Branch is entitled to be represented on CPRW’s Council which provides advice to the National Executive on organisational and other relevant matters.

At the end of December 2021, CPRW had 1 full time employee and 1 part time employee. Staff attend all NEC and Council meetings to provide professional advice and guidance to the NEC on all organisational issues.

Page 5

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Structure, governance and management (continued)

f. Governance

The National Executive Committee, whose members are ex officio the Trustees of the Charity, is the governing body of the organisation and acts as such as the employer of all staff. To ensure that its Trustees have a proper understanding of how the Charity works, CPRW recruits all new Trustees from its Council. All NEC members understand they must act reasonably and prudently in all matters relating to CPRW and with its long term interests in mind. Decisions made in the NEC are subject to collective responsibility.

Plans for future periods

a. Campaigning

Given the constraints imposed by our limited resources, the primary focus of our activities during 2022 will be:

b. Membership

The participation and effectiveness of those members in our active Branches continues to be a cornerstone of CPRW work locally. As a result of the recruitment efforts of active Branches, membership numbers are slowly increasing. Continuing these efforts will be important not only to improve the organisation’s financial situation but also to enable more of our members to engage in its work. Further efforts will therefore be made in 2022 to engage with members and the public in those areas where CPRW does not currently have a meaningful Branch presence, and to work closely with more like-minded charities and organisations for mutual benefits in terms of membership.

c. Communicating CPRW Messages

CPRW’s regular Members’ eBulletin provides a practical and effective means of enabling our members to understand the range of issues affecting rural Wales. Bulletins were issued throughout 2021 and the service will be maintained in 2022.

Producing our Rural Wales magazine remains a high priority. It provides a valuable and influential means of informing members and interested parties of the issues currently affecting rural Wales and our position on them. Only 1 edition of the magazine was published in 2021 owing to the pandemic, but it is envisaged that 2 will be produced in 2022.

Amongst the contents were a broad range of articles relevant to the Welsh countryside including : Thoughts on agri-environment schemes past, present and future; Rural Economic development – a look back; Solutions to the erosion of the local vernacular; The Rheidol hydro- electric scheme; Intensive poultry, pigs and the threat of the pandemic.

Page 6

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Plans for future periods (continued)

We continued, on a national and local basis, to provide a sound platform to champion our Charitable objects, namely the protection of rural Wales and the retention of the integrity of its landscapes and in addition seeking to safeguard the quality of life of those who live in, depend upon or simply enjoy important natural and heritage values rural Wales provides. This was of particular importance during the pandemic years as people came to value their local landscapes and green spaces more than ever, as a means to exercise and enjoy their local open spaces.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on their behalf by:

.............................................

Jonathan Colchester Chairman

Date: 1 October 2022

Page 7

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

Independent Examiner's Report to the Trustees of Ymgyrch Diogelu Cymru Wledig Campaign for the Protection of Rural Wales ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do 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.

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Dated: 20/10/2022 Tim Lunt BA FCCA MIRPM WR Partners Hafron House 5 St Giles Business Park Newtown SY16 3AJ

Page 8

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Note
Income and
endowments from:
Donations and legacies
3
Other trading activities
4
Investments
5
Other income
6
Total income and
endowments
Expenditure on:
Raising funds
7
Charitable activities
8
Total expenditure
Net
(expenditure)/income
before net gains on
investments
Net gains on
investments
Net
(expenditure)/income
Transfers between
funds
19
Net movement in
funds
Reconciliation of
funds:
Total funds brought
forward
Net movement in funds
Total funds carried
forward		 Endowment
funds
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-
29,500
-
29,500		 Restricted
funds
2021
£
25
650
-
-
675
-
1,000
1,000
(325)
-
(325)
(39,783)
(40,108)
43,176
(40,108)
3,068		 Unrestricted
funds
2021
£
82,489
4,790
3,851
-
91,130
2,491
97,816
100,307
(9,177)
1,461
(7,716)
39,783
32,067
260,799
32,067
292,866		 Total
funds
2021
£
82,514
5,440
3,851
-
91,805
2,491
98,816
101,307
(9,502)
1,461
(8,041)
-
(8,041)
333,475
(8,041)
325,434		 Total
funds
2020
£
91,738
21,909
3,681
2,500
119,828
537
97,696
98,233
21,595
367
21,962
-
21,962
311,513
21,962
333,475

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 11 to 26 form part of these financial statements.

Page 9

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2021

Note
Fixed assets
Tangible assets
13
Investments
14
Current assets
Stocks
15
Debtors
16
Cash at bank and in hand
Creditors: amounts falling due within one
year
17
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after more
than one year
18
Net assets excluding pension asset
Total net assets
Charity funds
Endowment funds
19
Restricted funds
19
Unrestricted funds
19
Total funds		 3,813
3,032
267,791
274,636
(5,814)		 2021
£
23,220
34,592
57,812
268,822
326,634
(1,200)
325,434
325,434
29,500
3,068
292,866
325,434		 4,387
3,794
279,675
287,856
(9,912)		 2020
£
24,021
33,060
57,081
277,944
335,025
(1,550)
333,475
333,475
29,500
43,176
260,799
333,475

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

_________ Jonathan Colchester

Date: 1 October 2022

The notes on pages 11 to 26 form part of these financial statements.

Page 10

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. General information

Ymgyrch Diogelu Cymru Wledig Campaign for the Protection of Rural Wales is a charitable company, limited by guarantee. The members of the Charity are the trustees named on page 1 of these accounts. In the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (update effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

Ymgyrch Diogelu Cymru Wledig Campaign for the Protection of Rural Wales meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

After making enquires, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

Government grant income is recognised when there is evidence of entitlement to the grant income, receipt is probable, and its aount can be measured reliably.

Page 11

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.5 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurred.

2.6 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.7 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property - 2% Straight line Fixtures and fittings - 20% Straight line

Page 12

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.8 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of financial activities.

2.9 Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.10 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.11 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.12 Liabilities and provisions

Liabilities and provisions are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.13 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.14 Pensions

The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year.

Page 13

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2. Accounting policies (continued)

2.15 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 14

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3. Income from donations and legacies

Donations
Legacies
Government grants
Subscriptions
Total 2021
Total 2020		 Restricted
funds
2021
£
25
-
-
-
25
10,000		 Unrestricted
funds
2021
£
42,432
20,500
-
19,557
82,489
81,738		 Total
funds
2021
£
42,457
20,500
-
19,557
82,514
91,738		 Total
funds
2020
£
17,959
40,993
13,000
19,786
91,738
  1. Income from other trading activities Income from fundraising events
Branches fundraising
Sale of goods
NDF appeal
Life membership
Rivers appeal 2020
Total 2021
Total 2020		 Restricted
funds
2021
£
-
-
-
-
650
650
19,267		 Unrestricted
funds
2021
£
1,982
2,458
-
350
-
4,790
2,642		 Total
funds
2021
£
1,982
2,458
-
350
650
5,440
21,909		 Total
funds
2020
£
473
1,819
8,793
350
10,474
21,909

Page 15

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

5. Investment income

Rent
Interest receivable
Investment income		 Unrestricted
funds
2021
£
3,120
100
631
3,851		 Total
funds
2021
£
3,120
100
631
3,851		 Total
funds
2020
£
2,860
242
579
3,681
6. Other incoming resources
Unrestricted Total Total
funds funds funds
2021 2021 2020
£ £ £
Other income - - 2,500

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Expenditure on raising funds

Costs of raising voluntary income

Publicity & exhibitions
Sale of goods
Total 2021		 Unrestricted
funds
2021
£
40
2,451
2,491		 Total
funds
2021
£
40
2,451
2,491		 Total
funds
2020
£
-
537
537
  1. Analysis of expenditure on charitable activities

Summary by fund type

Other activities
Total 2020		 Restricted
funds
2021
£
1,000
5,471		 Unrestricted
funds
2021
£
97,816
92,225		 Total
funds
2021
£
98,816
97,696		 Total
funds
2020
£
97,696
  1. Analysis of expenditure by activities
Other activities
Total 2020		 Activities
undertaken
directly
2021
£
56,640
51,262		 Support
costs
2021
£
42,176
46,434		 Total
funds
2021
£
98,816
97,696		 Total
funds
2020
£
97,696

Page 17

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Travel, training and subsistence
Consultancy
Rivers appeal expenditure
Hendy appeal expenditure
Online giving fees
Rural Wales magazine costs
Transfer to/from branches
Village awards
Total 2021		 Other
activities
2021
£
47,518
(60)
2,069
1,000
-
876
2,763
2,408
66
56,640		 Total
funds
2021
£
47,518
(60)
2,069
1,000
-
876
2,763
2,408
66
56,640		 Total
funds
2020
£
23,649
224
15,376
2,125
3,346
1,053
5,489
-
-
51,262

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

9. Analysis of expenditure by activities (continued)

Analysis of support costs

Other
activities
2021
£
Staff costs
19,548
Premises expenses
3,795
Office costs
10,575
Meetings and conferences
-
Bank charges and interest
2,816
Sundry expenses
3,252
Recruitment expenses
-
Accountancy fees
-
Branch meetings
1,368
Depreciation
801
Facebook Ads campaign
-
Branch asset write off
-
Village awards
21
Total 2021
42,176
10.
Independent examiner's remuneration
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts		 Total
funds
2021
£
19,548
3,795
10,575
-
2,816
3,252
-
-
1,368
801
-
-
21
42,176
2021
£
2,670		 Total
funds
2020
£
17,588
3,746
5,031
265
2,876
5,394
1,000
330
664
801
101
8,347
291
46,434
2020
£
2,490

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

11. Staff costs

2021
£
Wages and salaries
63,921
Social security costs
1,455
Contribution to defined contribution pension schemes
1,690
67,066
The average number of persons employed by the Charity during the year was as follows:
2021
No.
Average employees
2		 2020
£
37,548
774
2,915
41,237
2020
No.
2

No employee received remuneration amounting to more than £60,000 in either year.

12. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2020 - £NIL).

During the year ended 31 December 2021, expenses totalling £212 were reimbursed or paid directly to 2 Trustees (2020 - £25 to 1 Trustee).

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

13. Tangible fixed assets

Cost or valuation
At 1 January 2021
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Freehold
property
£
40,041
40,041
16,020
801
16,821
23,220
24,021		 Fixtures and
fittings
£
81,213
81,213
81,213
-
81,213
-
-		 Total
£
121,254
121,254
97,233
801
98,034
23,220
24,021

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

14. Fixed asset investments

Cost or valuation
At 1 January 2021
Revaluations
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020
15.
Stocks
Finished goods and goods for resale
16.
Debtors
Due within one year
Prepayments and accrued income		 2021
£
3,813
2021
£
3,032
3,032		 Other fixed
asset
investments
£
33,060
1,532
34,592
34,592
33,060
2020
£
4,387
2020
£
3,794
3,794

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

17. Creditors: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
1,168
2,256
200
2,190
5,814		 2020
£
3,527
1,101
-
5,284
9,912

18. Creditors: Amounts falling due after more than one year

2021 2020
£ £
Accruals and deferred income 1,200 1,550

The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is:

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YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

19. Statement of funds

Statement of funds - current year

Unrestricted
funds
Designated
funds
Branch Funds
Flintshire &
Brecknock
Funds
General funds
General Funds
Total
Unrestricted
funds
Endowment
funds
Caernarfonshire
Branch
Restricted
funds
Hendy Appeal
NDF Appeal
Tedworth Trust
Rivers Appeal
Total of funds		 Balance at 1
January 2021
£
106,172
209
106,381
154,418
260,799
29,500
6,893
17,934
10,000
8,349
43,176
333,475		 Income
£
-
-
-
91,130
91,130
-
25
-
-
650
675
91,805		 Expenditure
£
-
-
-
(100,307)
(100,307)
-
-
-
-
(1,000)
(1,000)
(101,307)		 Transfers
in/out
£
-
-
-
39,783
39,783
-
(6,918)
(14,866)
(10,000)
(7,999)
(39,783)
-		 Gains/
(Losses)
£
-
-
-
1,461
1,461
-
-
-
-
-
-
1,461		 Balance at 31
December
2021
£
106,172
209
106,381
186,485
292,866
29,500
-
3,068
-
-
3,068
325,434

Page 24

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

19. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Branch Funds
Flintshire & Brecknock Funds
General funds
General Funds - all funds
Total Unrestricted funds
Endowment funds
Caernarfonshire Branch
Restricted funds
Hendy Appeal
NDF Appeal
Tedworth Trust
Rivers Appeal
Total of funds		 Balance at
1 January
2020
£
106,172
-
106,172
156,461
262,633
29,500
10,239
9,141
-
-
19,380
311,513		 Income
£
-
209
209
90,352
90,561
-
-
8,793
10,000
10,474
29,267
119,828		 Expenditure
£
-
-
-
(92,762)
(92,762)
-
(3,346)
-
-
(2,125)
(5,471)
(98,233)		 Gains/
(Losses)
£
-
-
-
367
367
-
-
-
-
-
-
367		 Balance at
31 December
2020
£
106,172
209
106,381
154,418
260,799
29,500
6,893
17,934
10,000
8,349
43,176
333,475

Page 25

YMGYRCH DIOGELU CYMRU WLEDIG CAMPAIGN FOR THE PROTECTION OF RURAL WALES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

20. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Endowment
funds
2021
£
-
-
29,500
-
-
29,500		 Restricted
funds
2021
£
-
-
3,068
-
-
3,068		 Unrestricted
funds
2021
£
23,220
34,592
242,068
(5,814)
(1,200)
292,866		 Total
funds
2021
£
23,220
34,592
274,636
(5,814)
(1,200)
325,434

Analysis of net assets between funds - prior year

Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
Creditors due in more than one year
Total		 Endowment
funds
2020
£
-
-
29,500
-
-
29,500		 Restricted
funds
2020
£
-
-
43,176
-
-
43,176		 Unrestricted
funds
2020
£
24,021
33,060
215,180
(9,912)
(1,550)
260,799		 Total
funds
2020
£
24,021
33,060
287,856
(9,912)
(1,550)
333,475

21. Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the Charity in an independently administered fund. The pension cost charge respresents contributions payable by the company to the fund and amounted to £1,490 (2020: £2,915)

Page 26