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2021-03-31-accounts

GIRLGUIDING CYMRU

Charity number: 521209

GIRLGUIDING CYMRU

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS / ADRODDIAD YR YMDDIRIEDOLWYR A DATGANIADAU ARIANNOL

FOR THE YEAR ENDED 31 MARCH 2021 / AR GYFER Y FLWYDDYN A DDAETH I BEN AR 31 MAWRTH 2021

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GIRLGUIDING CYMRU

CONTENTS

Reference and administrative details of the charity, its trustees and advisers / 3
Manylion cyfeiriadurol a gweinyddol yr elusen, ei hymddiriedolwyr a’i chynghorwyr
Chief Commissioner’s Statement 4-5
English Trustee’s report / Adroddiad yr Ymddiriedolwyr Saesneg 6-10
Independent auditors’ report / Adroddiad archwilwyr annibynnol 11-13
Consolidated statement of financial activities / Datganiad cyfunol o weithgareddau 14
ariannol
Consolidated balance sheet / Mantolen gyfunol 15
Charity balance sheet / Mantolen yr elusen 16
Consolidated statement of cash flows 17
Notes to the financial statements / Nodiadau ynglyn ã’r datganiadau ariannol 18-41

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GIRLGUIDING CYMRU

TRUSTEES / YMDDIRIEDOLWYR FOR THE YEAR ENDED 31 MARCH 2021

Trustees / Ymddiriedolwry

Ms Beverley Martin, Chief Commissioner Ms Sarah-Jane Burns, Deputy Chief Commissioner – Appointed 25/10/2020 Ms Sophie Howe – Appointed 11/07/2020 Ms Leigh Ingham – Appointed 11/07/2020 Ms Rachel Wilkinson – Appointed 11/07/2020 Ms Stephanie Dalton Ms Michelle Clapham

Charity registered number / Rhig elusen gofestredig

521209

Principal office / Pris swyddfa

The Coach House, Broneirion, Llandinam, SY17 5DE

Key Management Personnel

Helen Parker, Finance Manager

Independent auditors / Archwilwyr annibynnol

Ward Williams, Belgrave House, 39-43 Monument Hill, Weybridge, Surrey KT13 8RN

Bankers / Bancwyr

HSBC Bank plc, 1 Broad Street, Newtown SY16 2LX

Legal Consultant

Girlguiding UK, 17-19 Buckingham Palace Road, London SW11 0PT

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GIRLGUIDING CYMRU

CHIEF COMMISSIONER’S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2021

Guiding in Wales is committed to give girls a space to discover and grow, enabling them to find their voice and make a positive difference in the world. We achieve this through delivering an exciting, diverse, girl-led programme of activities though a range of formal and informal learning approaches which support the development and well-being of our membership, all of which is facilitated by trusted adult leaders who are mindful of the importance of the Welsh language and culture.

With over 13,000 members throughout Wales in over 1,100 units, our aims and objectives have remained constant since our inception (1910), in that we empower girls and young women to be their best and provide skills and opportunities to enable them to face the challenges of growing up in today’s society.

No-one could have predicted that we would see more than a year in the grips of Covid-19 a global pandemic. This has meant that guiding face-to-face had to cease in March 2020 and Guiding across Wales embarked on new and intuitive ways of continuing to meet virtually with many of our unit leaders embracing new technology and ideas to keep guiding alive for our young members. This has not been easy and our members have been encouraged to participate when and how they can. The pandemic has had a huge impact on our membership and subscription income for the year 2021-2022.

Broneirion Training Centre has remained closed with the Trustees making the difficult decision to make all the training centre staff redundant enabling us to hopefully weather the financial challenges we found ourselves in. The operating model of Broneirion was reviewed and we look forward to opening our doors to self-catering guests when restrictions allow.

2020/21 was the final year of our strategic plan, Being Our Best - Bod ein Gorau, a strategic plan that aimed to build the foundations required to enable even more girls and young women to benefit from what guiding has to offer and our strategy is based around four themes – Excellence , Access , Voice and Capacity – with ambitious targets under each of these themes, to match our ambitions for girls and young women in Wales. Our strategy for 2021 and beyond is being developed by the new Chief Commissioner Team and Board of Trustees and will be completed by September 2021.

To meet our commitment to ensure that our leaders are inspirational role models for our members and ensure in line with our strategy that we are delivering a quality programme, we have trained more than 2,500 volunteers virtually over the year to ensure compliance in safeguarding best practice, first response and risk assessments. We have also been able to train our members on topics such as accounts, honest conversations, dealing with complaints, growing guiding, gift aid and enthusing leaders to restart.

Tori James, President for Girlguiding Cymru, continues to be an excellent ambassador for girls and young women ensuring that our membership has a role model of the highest calibre, raising the profile of Guiding in Wales and promoting a positive attitude of Girls Can be anything they wish to be #GirlsCan. Our President’s Challenge was launched in May 2020, the challenge was about enjoying guiding from home and the activities allowed girls to get their family involved too, promoting positivity amongst our members during this time. It also enabled us to give back and to show our appreciation to our health workers by donating 50p of every badge sold to NHS Wales.

Our successes are, of course, a testament to the dedication and hard work of our incredible adult members who facilitate Rainbow, Brownie, Guide and Ranger groups every week across the UK. This voluntary powerhouse of passion, skill and ambition for girls is what enables our organisation to deliver such lifechanging and impactful opportunities and experiences for our young members. The commitment of our volunteers, staff, supporters and donors, combined with the energy and enthusiasm of our members ensures that Guiding is confident and well placed to deliver programmes and activities that inspire and change lives across the Principality.

From a delivery perspective, we have had another busy year across the organisation featuring some memorable and stand out achievements. There was the launch of our brand new youth programme – Adventures at Home, which has evolved to embrace the restrictions of the pandemic and to keep our members engaged and involved.

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GIRLGUIDING CYMRU

CHIEF COMMISSIONER’S STATEMENT (continued) FOR THE YEAR ENDED 31 MARCH 2021

To underpin some aspects of our strategic plan we have opted to work in collaboration or partnership which has enabled us to achieve more than acting alone. Trustees believe that partnership working is particularly beneficial because it shares expertise, skills and resources. We have sought to work with organisations that share our long-term goals, whereby working together each has an increased chance of achieving their individual goals, where the reputations of the partners are complementary and where gaps in capability or reach are addressed by the partner.

Through this network of collaboration and partnership we have been able to access expertise and skills that have enabled us to offer a much richer and wider programme of opportunities. Girls and young women are encountering gender stereotypes in all areas of their lives – from their peers to the media, causing them to change their behaviour because of the pressure they feel to be or act a certain way, affecting their ability to say what they think, or to be themselves.

We continue to be ambitious for girls and young women and our partnership with Sports Wales continues to enhance our programme in delivering fun, adventure and challenge. Through this collaboration we have encouraged our young people to become more active, to explore new challenges and sports, trained and motivated them to take their interest further, encouraging healthy lifestyles, giving them new opportunities and experiences.

We have also continued to build and deliver on our partnerships with the Welsh Government, through our NVYO funding working with other external partners such as the Royal Navy, Army, FAW Trust, Cardiff University School of Engineering and Impact Games. Through our collaborations we have been keen to reinforce the key message that #GirlsCan.

The impact of the pandemic on our membership and the demand for places, both for volunteers and girls, continues to be a challenge. However, with support from the Welsh Government through our NVYO grant funding, we continue to invest in developing a team to grow Guiding in Wales and we are focused on a number of areas, from shoring up our existing units with sufficient leaders to opening new units, to clearing waiting lists and more importantly we are focusing on the retention of our current volunteers.

Girlguiding Trustees are committed to providing girls and young women in Wales with an organisation that they find fun and exciting, one that also teaches them real life skills as they grow and develop. I welcome the Welsh Assembly’s focus on the Youth in Wales and on encouraging girls to participate in all aspects of life in Wales.

Guiding in Wales is uniquely able to make this happen and with our partners, through collaborative working practices, we can ensure that girls are able to develop, and we can continue to make a difference to the communities in which they live, making them more cohesive.

Lesley Mathews term of office as Chief Commissioner came to an end in October 2020, with myself now taking up her appointment as Chief Commissioner for the next five years.

We continue to embrace the challenges ahead by developing our new strategic plan to take us to 2025 to give us a map to build on all the inspiring work volunteers, girls, young women and staff colleagues do, day in and day out, at Girlguiding # today, tomorrow, together .

Beverley Martin Chief Commissioner

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GIRLGUIDING CYMRU

TRUSTEE’S REPORT FOR THE YEAR ENDED 31 MARCH 2021

The Trustees present their annual report and financial statements for Girlguiding Cymru (GGC or the Charity) for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charities Act 2011.

GGC is the leading youth organisation for girls and young women in Wales. As of 1st June 2021 we have 13,000 members across Wales, giving our youth a real voice. From the age of 5, our girls have fun, learn, do “cool stuff”, make things happen and continue to develop and explore their world. GGC is one of the nine Countries and Regions that constitute the Guide Association in the UK. Girlguiding UK has around 100,000 amazing volunteers and half a million members aged 5 to 95.

STRUCTURE , GOVERNANCE AND MANAGEMENT

Constitution

GGC is a registered Charity and is a separately constituted branch of the Guide Association, which is incorporated by Royal Charter. The registered Charity number is 521209. It is led by our volunteers through the twelve Welsh Guiding Counties, namely, Anglesey, Breconshire & Radnorshire, Caernarfonshire, Carmarthenshire, Ceredigion, Clwyd, Cardiff and East Glamorgan, Central Glamorgan, West Glamorgan, Gwent, Montgomeryshire & Merioneth and Pembrokeshire.

Management and Governance

Governance, leadership, strategic management and control of the Charity is undertaken by the Girlguiding Cymru Board, whose members are the Charity Trustees. The board meets at least three times a year. The membership and functions of the board are governed by its constitution. Guiding operations is led by the Chief Commissioner.

Details of the Trustees who served during the year and since the year end are listed at the end of this report. As of June 2021, the Board comprises:

The Chief Commissioner for Wales The Deputy Chief Commissioners for Wales The Assistant Chief Commissioner The Chair of Operational Board Five Elected Members

The Chief Commissioner is appointed by the Chief Guide of Girlguiding UK after consultation with the Board and the Welsh County Commissioners. County Commissioners are appointed by the Chief Commissioner after nominations are received from the relevant County. Committee and Task & Finish Chairs are appointed by the Chief Commissioner to represent her and receive terms of reference to ensure alignment with the needs of the Board. All appointments have a set term depending on the appointment (maximum 5 years).

The primary Committees currently formed are:

Operational Board County Commissioners Council Friends of Broneirion Dyfodol y Ddraig

All Trustees are volunteers and receive no remuneration. Details of their expenses are disclosed in note 14 to the Accounts.

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GIRLGUIDING CYMRU

TRUSTEE’S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

Trading Subsidiary

The charity owns 100% of the issued share capital of Broneirion Ltd, its trading subsidiary, whose principal activity is to operate, maintain and manage the commercial (non-primary purpose) activities of the charity, the Training and Conference Centre at Broneirion and lettings. The subsidiary also raises funds for the charity’s primary purposes through a range of charitable events.

An update of the trading subsidiary’s activities and operating model can be found within the Chief Commissioner’s statement on page 4.

Statement of Purpose

We are the leading charity for girls and young women in Wales. Thanks to our amazing volunteers, we deliver life-changing adventures and opportunities to girls aged 5 to 25. We give girls a voice and have done for over 100 years! We’ve listened to all our girls, volunteers and friends and are delivering our current ‘Being Our Best’ strategy.

We deliver a challenging and fun programme of activities that offer new experiences and ensure our leaders and volunteers receive excellent training and support in order to give inspirational leadership and deliver quality programmes that enable girls to gain new skills, confidence, and discover the best in themselves.

Every volunteer, staff member, girl and young woman in guiding has a role to play.

OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives in planning future activities.

As a Charity, GGC is committed to providing leadership and quality training for our adult members and exciting and challenging activities for our younger members. This training can be provided at our headquarters, Broneirion or elsewhere in Wales including, in recent years, major events at the Royal Welsh Showground.

Our relationship with Sport Wales is continuing to bring new sporting activities into our units across Wales and we are achieving our targets under this funding. Our other major grant (NVYO) is also on target and these two grants have enabled us to substantially improve our delivery of activities to our girls, to benefit their communities.

Membership this year is again down slightly in Wales (as it is throughout the UK). Subscriptions represent 58% of income for the Charity and are critical to enabling us to provide the girls with the programme they want and underpin our other grants and activities.

Guiding membership provides excellent value and is seen as ‘open to all and inclusive’ organisation in our communities.

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GIRLGUIDING CYMRU

TRUSTEE’S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

BUSINESS PLAN TO 2021

The GGC 2021 Business Plan continues the progress made since 2012 and provides planned income and expenditure budgets based on our “Being the Best” strategic objectives and goals:

  1. QUALITY Guiding happening in more places meeting Welsh cultural needs.

  2. LEADERSHIP Girlguiding Cymru will support and encourage volunteers, staff and trustees to develop the skills and knowledge to be inspirational and deliver a stimulating, fun and adventurous programme.

  3. PROGRAMMES we will deliver, and work with other organisations to carry out, a range of quality programmes that are fun, sporty and challenging for girls.

  4. APPEAL We will increase our membership by inspiring and supporting adult volunteers, girls and young women from all backgrounds to get involved, and grow quality guiding at a local level.

  5. PERCEPTION to be seen as we are now and not as we were (internally and externally).

  6. INFLUENCE we will give our young people a louder and bigger voice to make sure that our programme and direction is influence and shaped by their views and opinions.

  7. SOCIAL ACTION Girlguiding Cymru will promote and support social action that has a positive impact.

  8. GOVERNANCE The board of Trustees and management of Girlguiding Cymru will ensure our assets and financial resources are planned in a professional way ensuring we are financially stable and solvent, ensuring that Broneirion contributes as a benefit to Girlguiding Cymru.

  9. PROCESSES We will streamline our processes and structures and maximise the opportunities of the digital age.

Highlights in 2020/2021

Risk Assessment

A Risk Register is kept which classifies major risk to which the Charity is exposed under the following headings – Governance, Operational, Financial, Environment and External factors and Compliance.

Government Policy – relating to grants in particular - we were successful in obtaining two years funding under the National Voluntary Youth Organisation grant covering from April 2020 to March 2022. We are also a partner organisation with Sport Wales and secured another years funding for the development of Sports Educators and providing further sports opportunities and activities for our young members.

This has been a great success with thousands of girls and their leaders involved in the programmes. Again though continues funding is uncertain, we continue to imbed the philosophy in Guiding and develop our volunteers to ensure we can take it forward at least in part.

Governance – Our experienced Board is providing the direction for growing Guiding in Wales and their skills significantly increase our capability in current thinking on leadership, business and marketing within a Welsh

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GIRLGUIDING CYMRU

TRUSTEE’S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

context. We are continuing to develop our systems, policies and processes to streamline administration without losing the necessary controls.

Financial policy and procedures have been reviewed and budget holders reminded of their obligations under them.

Disaster recovery and planning – changes to Broneirion structure and business model will hopefully enable the financial viability in the future and secure our assets.

Dependency on certain income sources and the potential for losses in the trading subsidiary – we continue to develop the ‘mixed economy’ approach to develop a range of income streams, thereby lowering risk in any one area.

FINANCIAL REVIEW

As a Group the Charity made a positive contribution to funds in the year of £197,604 (2020: £84,865).

Income of £514,836 (2020: £942,872) includes legacies received during the year of £5,000 (2020: £nil). Subscriptions for 20/21 were £312,700 (2019/20: £292,336) being approximately 58% of the income of the Charity for the year.

Cash balances at the year-end were £444,430 (2020: £211,428) and investments in listed equities were £208,031 (2020: £174,653). Net current assets were £619,722, an increase of £246,661 when compared to 31 March 2020.

Of the total funds of £1,643,865, unrestricted funds were £1,273,972 and restricted funds were £369,893. The Charity is reporting free reserves of £495,169 at 31 March 2021 compared with £247,040 at 31 March 2020.

GOING CONCERN

After making appropriate enquires, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial statements. The accounts are presented on a consolidated basis reflecting the integrated nature of the Charity and its trading subsidiary.

INVESTMENTS AND RESERVES

The Charity’s investments are held in funds specially designed for charities and include the CCLA COIF managed Growth and income Trust for Charities and the M & G managed Charibond and Charifund Trusts. The growth and Charifund Trusts are invested in blue chip UK equities such as BP, Shell, GlaxoSmithKline, HSBC and Vodafone. The income and Charibond Trusts are invested in UK gifts and other fixed income securities. Guiding UK acts as the intermediate for GGC and by pooling resources with the other Regions we save costs.

Throughout the period the Trustees have adopted a policy on its reserves ensuring that the unrestricted financial reserves (not including fixed assets) were such as to secure between three and six months of our operation/charitable expenditure. The Trustees consider this level of reserves to be appropriate for the charity and to cover its cash flow requirements, while also providing a buffer in case of any loss of income which would give the Charity the chance to take appropriate steps.

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GIRLGUIDING CYMRU

TRUSTEE’S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2021

TRUSTEES

The trustees who held office during the year and up to the date of signature of the financial statements were as follows:

Ms Beverley Martin, Chief Commissioner Ms Sarah-Jane Burns, Deputy Chief Commissioner – Appointed 25/10/2020 Ms Sophie Howe – Appointed 11/07/2020 Ms Leigh Ingham – Appointed 11/07/2020 Ms Rachel Wilkinson – Appointed 11/07/2020 Ms Stephanie Dalton Ms Michelle Clapham Mrs Lesley Matthews – Resigned during 2020/21 Ms Rebecca Ode – Resigned during 2020/21 Mrs Janet Horton – Resigned during 2020/21 Mr Patrick Chapman – Resigned during 2020/21

TRUSTEES’ RESPONSIBILITIES

The Chief Commissioner is the chair of the board of Trustees, in line with the constitution, they are responsible for the governance, stewardship and strategy of the charity and its subsidiary. They review performance at least four times a year and approve the annual report and accounts. Through active risk management they seek to ensure that the organisation remains viable and sustainable. The Chief Commissioner reports to Girlguiding UK and manages the volunteer workforce through a structure of Lead Volunteers and County Commissioners, who in turn are supported by 3,000 volunteers.

The trustees are responsible for preparing the Trustees’ Annual 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 year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that 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 Charities (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.

This report was approved by the Trustees, on 19 September 2021 and signed on their behalf by:

Ms Beverley Martin Chief Commissioner

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GIRLGUIDING CYMRU

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU FOR THE YEAR ENDED 31 MARCH 2021

Opinion

We have audited the financial statements of Girlguiding Cymru (the ‘parent charity’) and its subsidiaries (the ‘group’) for the year ended 31 March 2021 which comprise Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of matter

In forming our opinion on the financial statements, which is not qualified, we have considered the adequacy of the disclosures made in note 1.2 to the financial statements concerning the impact on the group and parent charity of the global Covid-19 pandemic and subsequent UK government restrictions, and the group’s ability to continue as a going concern as a result.

The group closed its trading premises in March 2020 as a result of the UK government restrictions, with staff of the trading subsidiary made redundant in July 2020 accordingly. At the time of approving these financial statements the group has streamlined its previous trading activities with its premises opening for selfcatering bookings only.

This is therefore a significant change in the activities of the trading subsidiary (Broneirion Limited) which has made significant losses in recent years. There is therefore significant concern over the trading subsidiary of the group and its ability to continue as a going concern. Streamlining of the trading activities will have a material impact on the group and its income/activity level.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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GIRLGUIDING CYMRU

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU FOR THE YEAR ENDED 31 MARCH 2021

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 151 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

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GIRLGUIDING CYMRU

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU FOR THE YEAR ENDED 31 MARCH 2021

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

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. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Ward Williams

Chartered Accountants Statutory Auditors

Belgrave House 39-43 Monument Hill Weybridge Surrey KT13 8RN

Date: 20[th] September 2021

Ward Williams are eligible to act as auditors in terms of section 1212 of the Companies Act 2006.

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GIRLGUIDING CYMRU

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Note
Income from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other income
7
Total income
Expenditure on:
Raising funds
Voluntary income
Fundraising trading
8
5
Charitable activities
9,12
Total expenditure
13
Net gains/(losses) on investments
Net income / (expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds:
Total funds brought forward
23
Total funds carried forward
23		 Restricted
funds 2021
Unrestricted
funds 2021
Total funds
2021
£
£
£
5,000
5,705
10,705

83,908
332,368
416,276

-
8,623
8,623

-
8,295
8,295

-
70,937
70,937
88,908
425,928
514,836

-
-
-
4,624
-
4,624
97,350
248,639
345,986
(97,350)
(253,260)
(350,610)
10,366
23,012
33,378
1,924
195,680
197,604
(6,953)
6,953
-
(5,029)
202,633
197,604

374,922
1,071,339
1,446,261

369,893
1,273,972
1,643,865		 Total funds
2020
£
12,381
607,286
312,044
11,161
-
942,872
508
108,313
742,667
(851,488)
(6,519)
84,865
-
84,865
1,361,396
1,446,261

All activities relate to continuing operations, apart from the trading activities of the group which have now been streamlined following the Covid-19 global pandemic. See the Chief Commissioner’s statement on page 4 for further details.

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

The notes on pages 18 to 41 form part of these financial statements.

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GIRLGUIDING CYMRU

CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Intangible assets
16
Tangible assets
17
Investments
18
Current assets
Stocks
19
Debtors
20
Investments
21
Cash at bank and in hand
Creditors: amounts falling
due within one year
22
Net current assets
Total assets less current
liabilities
Creditors: amounts falling due
after more than one year
Net assets
Charity Funds
Restricted funds
23
Unrestricted funds
23
Total funds		 2021
£
26,220
33,948
173,788
444,430
678,386
(58,664)		 2021
£
-
989,900
34,243		 2020
£

 2020
£
-
1,044,768
28,432
1,024,143 24,338
70,232
146,221
211,428		 1,073,200
619,722 452,219
(79,158)

373,061




1,643,865
-		 1,446,261
-
1,643,865 1,446,261
369,893
1,273,972		 374,922
1,071,339
1,643,865 1,446,261

The financial statements were approved by the Trustees on 19 September 2021 and signed on their behalf by:

Ms Beverley Martin, Chief Commissioner

The notes on pages 18 to 41 form part of these financial statements.

Page | 15

GIRLGUIDING CYMRU

CHARITY BALANCE SHEET AS AT 31 MARCH 2021

Note
Fixed assets
Tangible assets
17
Investments
18
Current assets
Stocks
19
Debtors
20
Investments
21
Cash at bank and in hand
Creditors: amounts falling
due within one year
22
Net current assets
Net assets
Charity Funds
Restricted funds
Unrestricted funds
Total funds		 2021
£
9,745
147,847
173,788
435,953
767,333
(45,431)		 2021
£
887,724
298,244		 2020
£

 2020
£
918,866
292,433
1,185,968
6,619
446,020
146,221
199,371		 1,211,299
721,902 798,231
(49,708)

748,523



1,907,870 1,959,822
369,893
1,537,977		 374,922
1,584,900
1,907,870 1,959,822

The financial statements were approved by the Trustees on 19 September 2021 and signed on their behalf by:

Ms Beverly Martin, Chief Commissioner

The notes on pages 18 to 41 form part of these financial statements.

Page | 16

GIRLGUIDING CYMRU

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021

FOR THE YEAR ENDED 31 MARCH 2021
Note
Net cash flow from operating activities
25
Cash flow from investing activities
Purchase of tangible fixed assets
Net cash used in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents brought forward
Cash and cash equivalents carried forward
26		 2021
£000
239,155
(6,153)
(6,153)
233,002
211,428
444,430		 2020
£000
89,115
(5,552)
(5,552)
83,563
127,865
211,428

The notes on pages 18 to 41 form part of these financial statements.

Page | 17

GIRLGUIDING CYMRU

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

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following the Charities SORP (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) (Published in October 2019) and Charities Act 2011.

Girlguiding Cymru constitutes a public benefit entity as defined by FRS 102.

The statement of financial activities (SOFA) and Balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking. The results of the subsidiary are consolidated on a line by line basis.

No separate SOFA has been presented for the Charity alone as permitted by FRS 102.

1.2 Going Concern

At 31 March 2021 the UK and Worldwide economy continued to be significantly impacted by the global Covid-19 pandemic. Following UK government restrictions which were announced in March 2020, the Charity closed its trading premises. Due to the ongoing uncertainty regarding the pandemic and ongoing trading restrictions, and in order to limit losses by the trading subsidiary of the group in 2020/21 as far as possible, the Charity took the tough decision to make all employees of the trading subsidiary redundant in July 2020.

At the current time the Charity does support its trading subsidiary which continues to meet its liabilities as they fall due. The trading subsidiary has streamlined its trading activities, with certain activities ceased and its premises available for self-catering bookings only.

The Trustees are of the opinion that the Charity is in a sufficiently strong financial position to see through the current tough economic environment and trading restrictions, and bounce back strongly in 2022. There is however, given the ongoing issue of Covid-19, some uncertainty over the long term future of the trading subsidiary and its future activities. The Trustees therefore continue to monitor the situation on a regular basis.

On the basis of the above, the Trustees have considered the Charity’s ability to meet its liabilities as they fall due and consider it appropriate to prepare the accounts on a going concern basis.

Page | 18

GIRLGUIDING CYMRU

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

1. ACCOUNTING POLICIES (continued)

1.3 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 measure reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the Charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the Charity, or the Charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material.

Gifts in kind donated for distribution are included at valuation and recognised as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in the financial statements for services donated by volunteers.

Donated services or facilities are recognised when the Charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the Charity of the item is probable and the economic benefit can be measure reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of the Friends is not recognised and refer to the Trustees’ report for more information about their contribution.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the Charity which is the amount the Charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4 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 note 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 are allocated on the portion of the asset’s use.

Page | 19

GIRLGUIDING CYMRU

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

1. ACCOUNTING POLICIES (continued)

1.4 Expenditure (continued)

Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities, Support costs are those cost incurred directly in support of expenditure on the objectives of the Charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Charitable activities and Governance costs are costs incurred on the Charity’s educational operations, including support costs and costs relating to the governance of the Charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year-end are noted as a commitment, but not accrued as expenditure.

1.5 Basis of Consolidation

The financial statements consolidate the accounts of Girlguiding Cymru and all of its subsidiary undertakings (‘subsidiaries’).

The income and expenditure account for the year dealt with in the accounts of the Charity was a deficit of £51,952 (2020 - £131,033 surplus). The deficit at the year-end is a result of a provision of £309,026 having been included against the debtor balances owed to the charity by its trading subsidiary, Broneirion Limited. This amount is equivalent to the Broneirion Limited net liabilities position, with the Trustees having taken a view that the trading subsidiary is extremely unlikely to ever be in a position to repay the amounts owed in full.

1.6 Intangible fixed assets and amortisation

Intangible assets costing £200 or more are capitalised and recognised when the future economic benefits are probable and the costs or value of the asset can be measured reliably. Intangible assets are initially recognised at cost are subsequently measured at cost net of amortisation and any provision for impairment.

Amortisation is provided on intangible fixed assets at rated calculated to write off the cost of each asset, less their estimated residual value, over their expected useful lives on the following bases:

Website - 2 years

1.7 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events of changed in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Page | 20

GIRLGUIDING CYMRU

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

1. ACCOUNTING POLICIES (continued)

1.7 Tangible fixed assets and depreciation (continued)

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is provided at rates calculated to write of the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property – 2% Straight line L/term Leasehold property – Over the lease term Plant & machinery – 25% Straight line Fixtures and fittings – 20% Straight line Office equipment – 25% Straight line Other fixed assets – 25% Straight line

1.8 Investments

Fixed asset and current 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 fair 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 shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.

Subsidiary undertakings

Investments in subsidiaries are valued at cost less provision for impairment.

1.9 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 of payable by the Bank.

1.10 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.

1.11 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.

1.12 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.

1.13 Liabilities and provisions

Liabilities 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 anticipated it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.

Page | 21

GIRLGUIDING CYMRU

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

1. ACCOUNTING POLICIES (continued)

1.13 Liabilities and provisions (continued)

Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

1.14 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.

1.15 Pensions

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

The assets of the scheme are held separately from those of the charity in an independently administered fund. Contributions payable for the year are charged in the Statement of Financial Activities.

1.16 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.

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.

1.17 Critical accounting estimates and areas of judgement

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

1.18 Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

Page | 22

GIRLGUIDING CYMRU

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

2. CHANGE IN ACCOUNTING POLICY

In the current year, the following new depreciation policies have been adopted by the group and have an effect on the current period and will have an effect on future periods:

Plant & machinery – from 25% reducing balance to 25% Straight line Fixtures and fittings – from 25% reducing balance to 20% Straight line Office equipment – from 20% reducing balance to 25% Straight line Other fixed assets – from 20% reducing balance to 25% Straight line

The accounting policy was changed in the year by the trustees as it was considered that the new depreciation rates were a more accurate basis of reflecting the true and useful life of the group’s tangible fixed assets and ensuring no nominal value remained for older assets that had no remaining value to the group.

3. INCOME FROM DONATIONS

Donations
Legacies
Total Donations
Total 2020		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
5,705
5,705
5,000
-
5,000		 Total Funds
2020
£
12,381
-
5,000
5,705
10,705		 12,381
-
12,381
12,381

Page | 23

GIRLGUIDING CYMRU

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

4. INCOME FROM CHARITABLE ACTIVITES

Friends of Broneirion
Subscriptions
Girlguiding events
Ynysgain income
International income
Grants
Total income from charitable activities
Total 2020		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
2,268
2,268
-
312,700
312,700
-
15,057
15,057
-
628
628
-
-
-
83,908
1,715
85,623		 Total Funds
2020
£
12,536
292,336
74,405
12,425
97,796
117,788
83,908
332,368
416,276		 607,286
120,868
486,418
607,286

Direct costs of operating Ynysgain are included in note 10.

GRANTS

Welsh Assembly Government - NVYO
Girlguiding UK
Sports Grant
Lesley Sell Trust Grant
Duke of Edinburgh Award
Lloyds Foundation
Total		 2021
2020
£
£
41,000
73,780
1,158
3,608
41,750
38,950
-
1,450
550
-
1,165
-
85,623
117,788

Page | 24

GIRLGUIDING CYMRU

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

5. TRADING ACTIVITIES

6. INVESTMENT INCOME
Bank and other interest receivable
Rental Income
Investment Income
Total investment income
Total 2020
Charity Trading Income
Broneirion
WOW Camp
Fundraising trading expenses
Cost of sales
Broneirion staff costs
WOW Camp
Net income from trading activities		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
8,623
8,623
-
-
-		 Total Funds
2020
£
1,634
3,470
6,057
Total Funds
2020
£
312,044
-
312,044
74,210
21,125
12,978
108,313
203,731
-
8,623
8,623
-
1,653
1,653
-
2,971
2,971
-
-
-
-
4,624
4,624
-
3,999
3,999
Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
-
1,627
1,400
1,627
1,400
-
5,268
5,268
-
8,295
8,295		 11,161
-
11,161
11,161

Page | 25

GIRLGUIDING CYMRU

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

7. OTHER INCOME

7. OTHER INCOME
Government grants – Job Retention
Scheme support re Covid-19
Local authority – Covid-19 grants
Total 2020		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
35,937
35,937
-
35,000
35,000		 Total Funds
2020
£
-
-
-
70,937
70,937		 -
-
-
-

8. COSTS OF GENERATING VOLUNTARY INCOME

Publicity
Total 2020		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
-
-
-		 Total Funds
2020
£
508
-
508
508

9. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES

General Guiding costs
Guiding events expenses
Total 2020		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
68,449
215,213
283,662
28,901
16,944
45,845		 Total Funds
2020
£
489,089
224,091
97,350
232,157
329,507		 713,180
151,789
561,391
713,180

Page | 26

GIRLGUIDING CYMRU

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

10. DIRECT COSTS

Administration expenses
Finance income and expenses
Ynysgain trading activities
Guiding
International trading activities
Wages & salaries
Total direct costs
Total 2020		 Broneirion
Girlguiding
Total
2021
35,635
-
35,635
1,605
-
1,605
-
7,305
7,305
-
38,540
38,540
-
-
-
44,769
-
44,769		 Total
2020
80,483
1,710
11,039
117,180
95,872
144,023
82,009
45,845
127,854		 450,307
226,216
224,091
450,307

11. SUPPORT COSTS

Friends of Broneirion
Insurance
Light & heat
Repairs and maintenance
NVYO & UYSAF
Meeting costs
Postage & stationery
Training
Bank charges
Business & water rates
Memberships & subscriptions
Donations
Telephone
Website costs
Sundry expenses
Wages & salaries
National insurance
Pension cost
Staff recruitment
Staff welfare
Depreciation
Total support costs
Total 2020		 Girlguiding
Total 2021
294
294
14,277
14,277
1,699
1,699
136
136
6,374
6,374
1,183
1,183
708
708
285
285
647
647
358
358
2,975
2,975
3,922
3,922
101
101
2,671
2,671
(2,173)
(2,173)
99,117
99,117
3,350
3,350
4,555
4,555
-
-
153
153
61,021
61,021		 Total 2020
12,990
14,721
2,600
2,420
20,495
12,093
822
3,180
360
3,540
1,784
11,694
487
594
67
126,402
2,858
6,362
44
292
39,068
201,653
201,653		 262,873
262,873
262,873

Page | 27

GIRLGUIDING CYMRU

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

12. GOVERNANCE COSTS

Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
Total Funds
2020
£
Auditors’ remuneration
-
12,237
12,237
25,040
Trustees expenses
-
-
-
1,770
Legal and professional fees
-
4,242
4,242
2,677
Total governance costs
-
16,479
16,479
29,487
Total 2020
-
29,487
29,487
13. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs
2021
£
Depreciation
2021
£
Other Costs
2021
£
Total
2021
£
Total
2020
£
Expenditure on raising
voluntary income
-
-
-
-
508
Expenditure on fundraising
trading
2,971
-
1,653
4,624
108,313
Costs of raising funds
2,971
-
1,653
4,624
108,821
General Guiding costs
151,791
61,021
70,850
283,662
489,089
Guiding events
-
-
45,845
45,845
224,091
Charitable Activities
151,791
61,021
116,695
329,507
713,180
Expenditure on governance
-
-
16,479
16,479
29,487
154,762
61,021
134,827
350,610
851,488
Total 2020
300,770
39,068
511,650
851,488		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
Total Funds
2020
£
Auditors’ remuneration
-
12,237
12,237
25,040
Trustees expenses
-
-
-
1,770
Legal and professional fees
-
4,242
4,242
2,677
Total governance costs
-
16,479
16,479
29,487
Total 2020
-
29,487
29,487
13. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs
2021
£
Depreciation
2021
£
Other Costs
2021
£
Total
2021
£
Total
2020
£
Expenditure on raising
voluntary income
-
-
-
-
508
Expenditure on fundraising
trading
2,971
-
1,653
4,624
108,313
Costs of raising funds
2,971
-
1,653
4,624
108,821
General Guiding costs
151,791
61,021
70,850
283,662
489,089
Guiding events
-
-
45,845
45,845
224,091
Charitable Activities
151,791
61,021
116,695
329,507
713,180
Expenditure on governance
-
-
16,479
16,479
29,487
154,762
61,021
134,827
350,610
851,488
Total 2020
300,770
39,068
511,650
851,488		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
Total Funds
2020
£
-
12,237
12,237
25,040
-
-
-
1,770
-
4,242
4,242
2,677		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
Total Funds
2020
£
-
12,237
12,237
25,040
-
-
-
1,770
-
4,242
4,242
2,677
-
16,479
16,479		 29,487

Total
2020
£
508
108,313
2,971
-
1,653
4,624		 108,821
151,791
61,021
70,850
283,662
-
-
45,845
45,845		 489,089
224,091
151,791
61,021
116,695
329,507		 713,180
-
-
16,479
16,479		 29,487
154,762
61,021
134,827
350,610		 851,488
300,770
39,068
511,650
851,488

Page | 28

GIRLGUIDING CYMRU

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

14. NET INCOME / (EXPENDITURE)

This is stated after charging:

Depreciation of tangible fixed assets:
-owned by the charitable group
Amortisation of intangible fixed assets
Auditors’ remuneration – audit
Auditors’ remuneration – non-audit
Operating lease rentals		 2021
2020
£
£
61,021
38,870
-
198
7,550
4,687
20,200
4,840
2,108
2,630

The auditors remuneration referred to for 2020 relates to both 2020 and 2019 audit of the group. The auditor’s remuneration for the 2020 audit of the group amounted to £10,100.

During the year, no Trustees received any remuneration (2020 - £NIL) During the year, no Trustees received any benefits in kind (2020 - £NIL)

5 Trustees received reimbursement of expenses amounting to £1,414 in the current year, (2020 – 6 Trustees - £7,497)

15. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs
Other pension costs		 2021
2020
£
£
143,556
275,805
5,034
13,215
6,172
11,750
154,762
300,770

The average number of persons employed by the Charity during the year was as follows:

2021 2020
no. no.
9 29

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

Total remuneration received by key management personnel in the year amounted to £72,631 (2020: £75,558).

Page | 29

GIRLGUIDING CYMRU

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

16. INTANGIBLE FIXED ASSETS

Group
Cost
At 1 April 2020 & 31 March 2021
Amortisation
At 1 April 2020
Charge for the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020		 Website
£
445
445
-
445
-
-

Page | 30

GIRLGUIDING CYMRU

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

17. TANGIBLE FIXED ASSETS

Group
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Group
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
L/Term
Leasehold
Property
£
Plant &
Machinery
£
Fixtures &
Fittings
£
Office
Equipment
£
1,187,834
153,023
20,021
237,679
103,229
-
-
-
3,599
2,554
-
-
-
-
-		 Other fixed
assets
£
17,288
-
-		 Other fixed
assets
£
17,288
-
-
1,187,834
153,023
20,021
241,278
105,783		 17,288
327,466
18,089
16,652
218,273
79,694
21,780
3,735
3,076
13,076
16,376
-
-
-
-
-		 14,132
2,978
-
349,246
21,824
19,728
231,349
96,070		 17,110
838,588
131,199
293
9,929
9,713		 178
860,368
134,934
3,369
19,406
23,535		 3,156
Total
£
1,719,074
6,153
-
1,725,227
674,306
61,021
-
735,327
989,900
1,044,768

Page | 31

GIRLGUIDING CYMRU

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

17. TANGIBLE FIXED ASSETS (continued)

Charity
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020
Charity
Cost
At 1 April 2020
Additions
Disposals
At 31 March 2021
Depreciation
At 1 April 2020
Charge for the year
On disposals
At 31 March 2021
Net book value
At 31 March 2021
At 31 March 2020		 Freehold
property
£
L/Term
Leasehold
Property
£
Plant &
Machinery
£
Fixtures &
Fittings
£
1,187,834
44,705
16,028
105,598
-
-
-
3,599
-
-
-
-		 Office
Equipment
£
51,920
1,882
-		 Office
Equipment
£
51,920
1,882
-
1,187,834
44,705
16,028
109,197		 53,802
325,843
7,255
13,751
97,511
21,781
1,569
2,277
5,216
-
-
-
-		 42,859
5,780
-
347,624
8,824
16,028
102,727		 48,639
840,210
35,881
-
6,470		 5,163
861,991
37,450
2,277
8,087		 9,061
Total
£
1,406,085
5,481
-
1,411,566
487,219
36,623
-
523,842
887,724
918,866

Page | 32

GIRLGUIDING CYMRU

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

18. FIXED ASSET INVESTMENTS

Group investments at market value comprise:
Listed investments
All the fixed asset investments are held in the UK.
Charity
Market value
At 1 April 2020
Revaluations
At 31 March 2021
Charity investments at market value comprise:
Listed investments
Group
Total
Group
Market value
At 1 April 2020
Revaluations
At 31 March 2021		 2021
£
34,243
Listed
Securities
£
Shares in
group
undertakings
£
28,432
264,001
5,811
-		 2021
£
34,243
Listed
Securities
£
Shares in
group
undertakings
£
28,432
264,001
5,811
-		 2021
£
34,243		 2020
£
28,432
Total
£
292,433
5,811
Total
£
28,432
5,811
34,243
34,243
264,001		 298,244
2021
£
34,243
264,001		 2020
£
28,432
264,001
298,244 292,433

All the fixed asset investments are held in the UK.

Page | 33

GIRLGUIDING CYMRU

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

19. STOCKS

19. STOCKS
Group Charity
2021 2020 2021 2020
£ £ £ £
Finished goods and goods for resale 26,220 24,338 9,745 6,619

20. DEBTORS

Due within one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income		 2021
£
Group
2020
£
2021
£
Charity
2020
£
535
5,508
334
2,636
-
-
117,658
386,013
2,012
-
-
-
31,401
64,724
29,855
57,371
33,948
70,232
147,847
446,020

As at the year end the charity was owed £426,684 by its trading subsidiary, Broneirion Limited. A provision of £309,026 has been included against this amount, equivalent of the Broneirion Limited net liabilities position at the year-end, with the Trustees having taken the view that the amount owed is unlikely to be recovered in full. This has left an amount showing as owing and recoverable at the year-end of £117,658 (2020: £386,013).

21. CURRENT ASSET INVESTMENTS

Group Charity
2021 2020 2021 2020
£ £ £ £
Listed investments 173,788 146,221 173,788 146,221

Page | 34

GIRLGUIDING CYMRU

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

22. CREDITORS: Amounts falling due within one year

Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income		 2021
£
Group
2020
£
2021
£
Charity
2020
£
18,274
26,774
16,151
16,934
-
3,178
-
-
220
85
220
77
40,170
49,121
29,060
32,697
58,664
79,158
45,431
49,708

Included within Accruals and deferred income is deferred income of £20,581 (2020: £26,659). Deferred income related to deposits held by Girlguiding Cymru at the year end from Guides for international trips that were due to occur in the next financial year. The total amount in 2020 was either refunded or continued to be held as at the year-end due to the continued postponement of international trips due to Covid-19 restrictions.

Page | 35

GIRLGUIDING CYMRU

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

23. STATEMENT OF FUNDS

STATEMENT OF FUNDS – CURRENT YEAR

Unrestricted Funds
Reserves
Restricted Funds
Eldrydd Davies memorial
fund (M&G)
International legacy (M&G)
Investment fund
Broneirion maintenance fund
Friends of Broneirion
County bedroom income
NVYO
Sports grant
GG UK Start up grant
Guide Association grant
CHQ Peer Ed grant
Science Project donation
Bequest – Dinah Cadogan
Bequest – Judy Stuart
Bequest – R Waring
GGUK Membership
retention grant
Safe Space
Chiefs Memorial fund
Masonic Lesley Sell
Total of Funds		 Balance at
1 April
2020
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Transfers
£
Balance at
31 March
2021
£
1,071,339
425,928
(253,260)
23,012
6,953
1,273,972
26,339
769
(769)
5,383
-
31,722
2,093
61
(61)
428
-
2,521
22,283
-
-
4,555
-
26,838
198,203
-
(7,400)
-
-
190,803
6,953
-
-
-
(6,953)
-
7,387
-
-
-
-
7,387
549
41,000
(40,842)
-
-
707
2,216
41,750
(27,763)
-
-
16,203
1,345
-
(308)
-
-
1,037
970
-
-
-
-
970
1,535
-
-
-
-
1,535
1,290
-
-
-
-
1,290
42,949
-
(4,866)
-
-
38,083
54,933
-
(15,341)
-
-
39,592
-
5,000
-
-
-
5,000
1,015
-
-
-
-
1,015
1,452
-
-
-
-
1,452
2,910
328
-
-
-
3,238
500
-
-
-
-
500
374,922
88,908
(97,350)
10,366
(6,953)
369,893
1,446,261
514,836
(350,610)
33,378
-
1,643,865

Page | 36

GIRLGUIDING CYMRU

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

23. STATEMENT OF FUNDS (continued)

STATEMENT OF FUNDS – PRIOR YEAR

Unrestricted Funds
Reserves
Restricted Funds
Eldrydd Davies memorial
fund (M&G)
International legacy (M&G)
Investment fund
Broneirion maintenance fund
Friends of Broneirion
County bedroom income
NVYO
Sports grant
GG UK Start up grant
Guide Association grant
CHQ Peer Ed grant
Science Project donation
Bequest – Dinah Cadogan
Bequest – Judy Stuart
GGUK Membership
retention grant
Safe Space
Chiefs Memorial fund
Masonic Lesley Sell
Total of Funds		 Balance at
1 April
2019
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Transfers
£
Balance at
31 March
2020
£
942,774
822,004
(699,699)
(4,805)
11,065
1,071,339
27,229
426
(426)
(890)
-
26,339
2,164
75
(75)
(71)
-
2,093
23,036
-
-
(753)
-
22,283
205,603
-
(7,400)
-
-
198,203
7,407
-
(454)
-
-
6,953
4,807
2,580
-
-
-
7,387
586
73,780
(73,817)
-
-
549
24,028
38,950
(49,697)
-
(11,065)
2,216
2,222
2,205
(3,082)
-
-
1,345
970
-
-
-
-
970
1,535
-
-
-
-
1,535
1,290
-
-
-
-
1,290
52,195
-
(9,246)
-
-
42,949
59,417
-
(4,484)
-
-
54,933
3,173
-
(2,158)
-
-
1,015
1,452
-
-
-
-
1,452
1,508
1,402
-
-
-
2,910
-
1,450
(950)
-
-
500
418,622
120,868
(151,789)
(1,714)
(11,065)
374,922
1,361,396
942,872
(851,488)
(6,519)
-
1,446,261

Page | 37

GIRLGUIDING CYMRU

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

23. STATEMENT OF FUNDS (continued)

SUMMARY OF FUNDS - CURRENT YEAR

General funds
Restricted funds		 Balance at
1 April
2020
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Transfers
£
Balance at
31 March
2021
£
1,071,339
425,928
(253,260)
23,012
6,953
1,273,972
374,922
88,908
(97,350)
10,366
(6,953)
369,893
1,446,261
514,836
(350,610)
33,378
-
1,643,865

SUMMARY OF FUNDS – PRIOR YEAR

General funds
Restricted funds		 Balance at 1
April 2019
£
Income
£
Expenditure
£
Gains/
(Losses)
£
Transfers
£
Balance at
31 March
2020
£
942,774
822,004
(699,699)
(4,805)
11,065
1,071,339
418,622
120,868
(151,789)
(1,714)
(11,065)
374,922
1,361,396
942,872
(851,488)
(6,519)
-
1,446,261

Page | 38

GIRLGUIDING CYMRU

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

23. STATEMENT OF FUNDS (continued)

24. ANALYSIS OF NET ASSETS BETWEEN FUNDS – CURRENT YEAR

Tangible fixed asset
Fixed asset investments
Currents assets
Creditors due within one year		 Restricted
funds 2021
£
Unrestricted
funds 2021
£
Total Funds
2021
£
211,097
778,803
989,900
34,243
-
34,243
124,553
553,833
678,386
-
(58,664)
(58,664)
369,893
1,273,972
1,643,865

ANALYSIS OF NET ASSETS BETWEEN FUNDS – PRIOR YEAR

Tangible fixed asset
Fixed asset investments
Currents assets
Creditors due within one year		 Restricted
funds 2020
£
Unrestricted
funds 2020
£
Total Funds
2020
£
220,469
824,299
1,044,768
28,432
-
28,432
126,021
326,198
452,219
-
(79,158)
(79,158)
374,922
1,071,339
1,446,261

Page | 39

GIRLGUIDING CYMRU

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

25. RECONCILITION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the year (as per Statement of Financial
Activities)
Adjustment for:
Depreciation/Amortisation charges
(Gains)/losses on investments
(Increase)/decrease in stocks
Decrease in debtors
(Decrease) in creditors
Net cash provided by operating activities		 2021
£
2020
£
197,604
84,865
61,021
39,068
(33,378)
6,519
(1,882)
4,758
36,284
12,606
(20,494)
(58,701)
239,155
89,115

26. ANALYSIS OF CASH AND CASH EQUIVALENTS

Cash in hand
Total		 2021
£
2020
£
444,430
211,428
444,430
211,428

27. OPERATING LEASE COMMITMENTS

At 31 March 2021 the total of the Group’s future minimum lease payments under non-cancellable operating lease were:

Group
Amounts payable:
Within 1 year
Between 1 and 5 years
Total		 2021
£
2020
£
3,751
4,161
4,296
8,047
8,047
12,208

Page | 40

GIRLGUIDING CYMRU

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

27. OPERATING LEASE COMMITMENTS (continued)

At 31 March 2021 the Charity had annual commitments under non-cancellable operating leases as follows:

Charity
Amounts payable:
Within 1 year
Between 1 and 5 years
Total		 2021
£
2020
£
269
277
269
546
546
815

28. RELATED PARTY TRANSACTIONS

The Charity has taken advantage of the exemption available under FRS102 “Related Party Disclosures” whereby it has not disclosed transactions with the wholly owned subsidiary undertaking in the group.

There were no other related party transactions during the year.

29. PRINCIPAL SUBSIDIARIES

Broneirion Ltd

Subsidiary Name Company registration number Basis of Control Equity Shareholding %

Broneirion Ltd 04260833 100% owned subsidiary 100%

Total assets as at 31 March 2021 £130,889 Total liabilities as at 31 March 2021 £(439,915) Total equity as at 31 March 2021 £(309,026) Turnover for the year ended 31 March 2021 £71,682 Expenditure for the year ended 31 March 2021 £(131,151) Loss for the year ended 31 March 2021 £(59,469)

Page | 41