**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**
- 3,749 participants completed the Presidents Challenge supporting NHS Wales.
- 1,403 participants completed the Broneirion Bounce Back Challenge learning about Broneirion.
- 28 participants completed their Duke of Edinburgh Bronze Award, 12 participants completed the Silver Award, 7 participants completed the Gold Awards.
- 9 Bronze, 16 Silver and 6 Gold Certificates of Achievement were issued by DofE for girls who have. finished all sections apart from expedition where expeditions have not been possible due to Covid, and also Residentials at Gold.
## **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:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP 2019 (FRS 102);
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping 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:
- give a true and fair view of the state of the group’s and parent charity’s affairs as at 31 March 2021, and of the group’s incoming resources and application of resources for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## **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:
- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or
- sufficient accounting records have not been kept; or
- the parent charity’s financial statements are not in agreement with the accounting records; or
- we have not received all the information and explanations we require for our audit.
## **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**
- We obtained an understanding of the legal and regulatory frameworks applicable to the charity and the sector in which they operate. We determined that the following were most significant: the Charities Act 2011.
- We obtained an understanding of how the charity are complying with those legal and regulatory frameworks by making inquiries to the management of the charity. We corroborated our inquiries through our review of correspondence during our audit work.
- We assessed the susceptibility of the charity's financial statements to material misstatement, including how fraud might occur. Audit procedures performed included:
- identifying and assessing the design effectiveness of controls management has in place to prevent and detect fraud;
- understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process;
- challenging assumptions and judgements made by management in its significant accounting estimates;
- identifying and testing journal entries, in particular and journal entries posted with unusual account combinations; and assessing the extent of compliance with the relevant laws and regulations.
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.
Page | 14
## **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_|
- The Eldrydd Davies memorial fund was given to provide income for grants towards the costs of International Travel.
- The Broneirion purchase and maintenance fund was raised to finance the purchase of the House and its grounds and to provide for its further maintenance. The balance shown represents the depreciated cost of the assets acquired and improvements made since the acquisition. The fund is to be depreciated straight line over the 50 year life of the lease at £7,400 pa.
- The current value of the restricted fund represents the remaining NBV of the original property purchased in 1992.
- The investment fund represents monies received in respect of a special appeal of £1 from each member to maintain the associations’ level of investment income. The income derived from this fund is unrestricted.
- The international legacy represents an amount received for the benefit of International Travel Grants; it has been invested to provide income towards the costs of these grants.
- Friends of Broneirion represents funds raised by this group to be used to support and enhance the training centre. These funds have been transferred across to unrestricted funds during the year, as agreed with the Friends of Broneirion.
- NVYO project workers, represents funds received from the Welsh Assembly Government NVYO to fund the Youth Participation Officer and the Events Administrator over two years.
Page | 38
**GIRLGUIDING CYMRU**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021**
## **23. STATEMENT OF FUNDS (continued)**
- The CHQ Peer Education grant is provided by Girlguiding UK to support North and South Wales Training events for our senior Guides.
- The Heritage Lottery grant ‘Pushing Boundaries’ provided funds to support a joint pilot project with People Collection Wales and the National Library of Wales to encourage archiving using digital and traditional methods supported by an exhibition celebrating 100 years of Guiding in Wales.
- The School of Bioscience at Cardiff University have provided a donation to support science projects for Rainbows, Brownies, Guides and Senior Section across Wales.
- The Sport Grant from Sport Wales is for the development of physical literacy and activity through sports throughout Guiding in Wales.
## **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