GIRLGUIDING CYMRU
Charity number: 521209
GIRLGUIDING CYMRU
TRUSTEES, REPORT AND FINANCIAL STATEMENTS / ADRODDIAD YR
YMDDIRIEDOLWYR A DATGANIADAU ARIANNOL
FOR THE YEAR ENDED 31 MARCH 20241 AR GYFER Y FLWYDDYN A DDAETH I BEN
AR 31 MAWRTH 2024
Girlguiding
Cymru
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GIRLGUIDING CYMRU
CONTENTS
Reference and administrative details of the charity, its trustees and advisers I
Manylion cyfeiriadurol a gweinyddol yr elusen, ei hymddiriedolwyr a'i chynghorwyr
Chief Commissioner's Statement
English Trustee's report l Adroddiad yr Ymddiriedolwyr Saesneg
6-10
Independent auditors, report l Adroddiad archwilwyr annibynnol
11-13
Consolidated statement of financial activities l Datganiad cyfunol o weithg8reddau
ariannol
14
Consolidated balance sheet l Mantolen gyfunol
15
Charity balance sheet l Mantolen yr elusen
16
Consolidated statement of cash flows
17
Notes to the financial statements l Nodiadau ynglyn a'r dalganiadau ariannol
18-38
Appendix l - Welsh Trustees, report l Adroddiad yr Ymddiriedolwyr Cymraeg
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GIRLGUIDING CYMRU
TRUSTEES I YMDDIRIEDOLWYR
FOR THE YEAR ENDED 31 MARCH 2024
Trustees l Ymddlriedolwry
Ms Beverley Martin, Chief Commissioner
Ms Sarah-Jane Burns, Deputy Chief Commissioner
Ms Charlotte Makanga
Ms Pretiksha Davies
Ms Kathyrn Gunner
Ms Julie Miles
Ms Evelyn Thomas
Ms Ann Lovatt
Ms Chloe Sinderby (appointed 1010912023)
Charlty reglstered number l Rhlg elusen gofestredlg
521209
Prlnclpal offlc• I Pr18 swyddfa
The Coach House, Broneirion, Llandinam, SY17 5DE
Key Management Personnel
Helen Parker, Finance Manager
Rachael Clutton-Haines, ManagerlPA to Chief Commissioner
Indepandént audltors l Archwllwyr annlbynnol
Ward Williams. Belgrave House, 3943 Monument Hill, Weybridge, Surrey KT13 8RN
Bank•rs l Bancwyr
HSBC Bank plc. 1 Broad Street, Newtown SY16 2LX
Legal Consultant
Girlguiding UK, 17-19 Buckingharn Palace Road, London SW11 OPT
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GIRLGUIDING CYMRU
CHIEF COMMISSIONER'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
Guiding in Wales is committed to helping girls and young women find their voice and build skills and
confidence
inspiring them to discover the best in themselves and empower them to make a positive
difference in their community. 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 15,600 members throughout Wales in over 1,050 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.
To meet our commitment to ensure that our leaders are inspirational role models for our members and in line
with our strategy that we are delivering a quality programme, the Cymru training team have continued to
offer sessions to our members both vlrtually and In person and our Gulding delivery team have been
available to share their support to members across a wide range of topics. Both the training and Guiding
Delivery teams hold years of guiding expertise and knowledge b8tween them and are such a valuable
resource for our members looking for opportunities to further their own Guiding understanding and
experiences.
Our successes are, of course, a testament to the dedication and hard work of our incredible adult members
who facilitste Rainbow, Brownie, Guide and Ranger units every week across Wales. This voluntary
powerhouse of passion, skill and ambition for girls is what enables our organisation to deliver such life-
changing 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.
To underpin some aspects of our strategic plan we have opted to work in collaboration or partnership which
has enabled us to achi8ve more than acting alone. Trustees believe that partnership working is particularly
beneficial because it shares 6xpertise, 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, affectlng 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 conlinues 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 lo take their interest further, encouraging healthy lifestyles, giving them new opportunities
and experiences including cricket, football, street dance and ice skating.
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.
Funding from Garfield Westem in conjunction with Girlguiding nationally enabled the Regional Innovation
inclusion and Growth project to engage with communities we are not yet reaching to find the wants and
needs of their young people in North Wales. Funding enabled the employment of a Project Officer who
followed a service design process, involving young people every step of the way with the aim of putting the
voices of underrepresented communities al the heart of what we have created.
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GIRLGUIDING CYMRU
CHIEF COMMISSIONER'S STATEMENT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Our 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. Guiding in Wales is
uniquely able lo 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.
Our Chief team of 8ev, Sarah-Jane and Alice have attended AGM'S, presentation evenings, musical gang
shows and other Girlguiding Cymru events across Wales and witnessed the enjoyment and enrichment our
programmes bring to both the girls and volunteers alike. The Chief team have continued to represent and
advance Girlguiding Cymru in both local and national forums including the Senedd.
The success of events is down to the hard work and detennination of those involved. Girlguiding Cymru
thanks everyone for their incredible efforts. Every single Girlguiding Cymru event has the opportunity to
benefit our members whether it be Rangers taking on exciting challenges, Guides developing new skills,
Brownies building confidences, Rainbows strengthening friendships together our events create memories to
last a lifetime.
Throughout the year we have continued to embrace the challenges ahead 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 Martln
Chlef Commlssloner
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GIRLGUIDING CYMRU
TRUSTEE'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report and financial statements for Girlguiding Cymru (GGC or the
Charity) for the year ended 31 March 2024. 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 July 2024, we have
15,690 members across Wales, giving our youth a real voice. From the age of 4, our girls have fun, leam, do
'cool stuff,, make things happen and coritinue to develop and explore their world. Girlguiding Cymru 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 4 to 95.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Constltution
Girlguiding Cymru 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, Cronfa Ddwr, Caernarfonshire,
Carmarthenshire, Ceredigion, Clwyd, Cardiff and East Glamorgan, Central Glamorgan, West Glamorgan,
Gwent, Montgomeryshire & Merloneth and Pembrokeshire.
Management and Govarnance
Govemance, 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 functlons 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 2024, the Board comprises,.
The Chief Commission8r for Wal8S
The Deputy Chief Commissioners for Wales
The Assistant Chief Commissloner
The Chair of Guiding Delivery Board
Seven Elected Members (which includes the Chair of the Board of Trustees)
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:
Guiding Delivery Board
County Commissioners Council
Dyfodol y Ddraig
All Trustees are volunteers and receive no remuneration. Detsils of their expenses are disclosed in note 12
to the Accounts.
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GIRLGUIDING CYMRU
TRUSTEE'S REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2024
Tradlng Subsidiary
The charity owns 1000/0 of the issued share capital of Broneirion Ltd, its trading subsidiary, whose principal
activity was 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 raised funds for the
charity's primary purposes through a range of charitable events.
With effecl from 1 April 2023, Broneirion Ltd has now ceased all trading activity and will be dormant for the
foreseeable future (see Note 1.2 on page 18 of these financial statements for more information).
Statement of Purpose
We are the leading charlty for girls and young women in Wales. Thanks to our amazing volunteers, we
deliver life-changing adventures and opportunities to girls aged 4 to 25. Through fun, friendship, challenge
and adventure we empower girls to find their voice, inspiring them to discover the best in themselves and to
m8ke a positive difference in their communlty.
We deliver a challenging and fun programme of activities that offer new experiences and ensure our leaders
and volunteers receive excellent training and support 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 provldlng leadership and quality training for our adult members and
exciting and ch8118nging activities for our younger members. Thi5 training can be provided virtually or in
person across Wales.
Our relationship wlth Sport Wales is continuing to bring new sporting activities for our members in our units
across Wales and we are achieving our targets under this funding.
Membership this year has grown slighlly. Subscriptions represent 479A 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 (contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
BUSINESS PLAN TO 2024
The Business Plan continues the progress made and provides planned income and expenditure budgets
based on our"Today. Tomorrow, Togetherf strategic objectives and goals..
1. Exceptional experiences for girls To offer a programme of adventure and challenge that compliments
national and county offers.
2. Rewarding Volunteer Experlen¢e Provide support to adult volunteers especially commissioners and
deliver relevant training programme sessions to enable them to carry out their role and feel a valued
member of the organisation.
3. Incluslve and Impactful To stabilise membership and have a plan for growih.
4, Sustalnablllty Maintain good financial governance and stability.
Hlghllghts In 202312024
67 participants complet8d their Duke of Edinburgh Bronz8 Award, 28 participants completed the
Silver Award and 14 participants completed the Gold Award.
3,237 volunteering hours were undertaken by our Duke of Edinburgh Award participants.
1,052 members were supported on the ice by the Welsh female Ice hockey team, Cardiff Comets
during two Ice Extravaganza events. The girls finished off the evening watching Cardiff Devils take
on the Dundee Stars and Fife Flyers.
682 members from Rainbows to Rangers participated in Bumbling Botanicals at National Botanic
Garden of Wales, Llanarthney where the enjoyed fun activities in the day followed by a sleepover in
the evening.
742 members participated in Castle Capers at Gwrych Castle, Abergele where they enjoyed various
activities from drumming to heritage crafts with the older mernbars then attended a camp at Ty
Clwyd.
Castell Cariad challenge launched in collaboration with CADW enabling participants to learn about
history and culture. Over 1,700 members completed the challenge during the year.
Civil Engineering challenge pack launched in partnershlp with the Institute of Civil Englneering a fun
and engaging way for Guides and Rangers lo learn about the exciting world of civil engineering, Just
under 1,000 members completed the challenge during the year.
R18k Assessment
A Risk Register is kept which classifies major risk to which the Charity is exposed under the following
headings- Govemance, Operational, Financial, Environment and External factors and Compliance.
Government Policy
relating to grants In particular we are a partner organisation with Sport Wales and
secured another year's funding 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 continued funding is uncertain, we continue to imbed the philosophy in Guiding and develop our
volunteers to ensure we can tske 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
conlext. We are continuing lo 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.
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GIRLGUIDING CYMRU
TRUSTEE'S REPORT Icontlnued)
FOR THE YEAR ENDED 31 MARCH 2024
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 generated a surplus of £46,391 during the year {2023: £23,171 deficit). This surplus
is reduced by a fixed asset impaimient of £36,291 as at the year-end relating lo the leasehold asseubuilding
works relating to the site at Ynysgain, which has been handed back to the freeholder since the year-end.
Income of £527,584 (2023.. £413,930) includes legacies received during the year of £10,136 (2023.. £1,750).
Subscriptions for 23124 were £248,842 {2022123: £223,201) being approximalely 47 % of the income of the
Charity for the year.
Cash balances at the year-end were £771,082 {2023: £714,430) and investments in listed equities were
£232,781 (2023.. £214,759). Net current assets were £977,535, an increase of £102,352 when compared to
31 March 2023.
Of the total funds of £1,796,745 unrestricted funds were £1,445,954 and restricted funds were £350,791.
The Charity is reporting free reserves of £849,694 at 31 March 2024 compared with £746,700 at 31 March
2023.
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
operationlcharitable 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.
The Trustees acknowledge that the free reserves held of £849,694 as at th8 year-end are now in excess of
the above reserves policy. They continue to assess how best to utilise these reserves for the ongoing
objectives of the Charity.
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GIRLGUIDING CYMRU
TRUSTEE'S REPORT Icontlnued)
FOR THE YEAR ENDED 31 MARCH 2024
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
Ms Leigh Ingham - Resigned during the year.
Ms Charlotte Makanga
Ms Pretiksha Davies
Ms Kathyrn Gunner
Ms Julie Miles
Ms Evelyn Thomas
Ms Ann Lovatt
Ms Charlotte Murphy- Resigned during the year.
Ms Chloe Sinderby- Appointed 1010912023
TRUSTEES, RESPONSIBILITIES
The Chief Commissioner, chair of the Board and Trustees, in Ilne 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 8 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 8ccur8Cy
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
and signed on their behalf by:
Ms Beverley Martln
Chief Commlssioner
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GIRLGUIDING CYMRU
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU
FOR THE YEAR ENDED 31 MARCH 2024
Opinion
We have audited the financial statements of Girlguiding Cymru (the 'parent charity,) and its subsidiaries (the
'group') for the year ended 31 March 2024 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 2024, 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 oplnlon
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 fuSfilSed our other ethical
responslbilltles In accordance with these requlrements, We believe that the audit evidence we have obtslned
is sufficient and appropriate to provide a basis for our opinion.
Concluslons ralatlng to golng 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
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.
Other Informatlon
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
othe￿iSe explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statemenls, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
slatements 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 infonnation, we are required to report that fact.
We have nothing to report in this regard,
Pagel 11

GIRLGUIDING CYMRU
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU
FOR THE YEAR ENDED 31 MARCH 2024
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
explained more fully in the trustees. responsibilities statement set out on page 10, the trustees are
responsible for the preparation of financi81 statements which give a true and fair view, and for such internal
control as the trustees determin8 is necessary to enabl& the preparation of financial statements that ar8 free
from material misstatement, whelher due to fraud or error.
In preparing the financial statements, the trustees are responslble 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.
Audltor's respon8lbllltle8 for the audlt of the flnanclal 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 misstatemenl, 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.
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 obtsined 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.
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GIRLGUIDING CYMRU
INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU
FOR THE YEAR ENDED 31 MARCH 2024
We assessed the susceptibility of the charity's financial statements to material mi88tatement,
indudlng how fraud might occur. Audit procedures perfomed Included..
identfying 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,.
hallenging assumptions and judgements m8de by management in its Significant accountlng
8Stlmates',
Identifying and testing journal entrie8, in particular and journal entries p05t8d wlth unusual
account combinations., and assessing the extent of compliance with the relevant laws and
regulations.
Becau8e of the inherent Ilmitations of an audlt, there Is a rl8k that we will not detect all irregularitles,
including those leading to a materlal misstatement in the flnanci81 stat8ment8 or non-compliance with
regulation. Thi8 ri8k increases the more that compliance with a law or regulatlon 18 removed from the events
and transactlons reflected in the financial statements, as we will be le88 likely to become aware of in8tanc88
of non-compllancé. The ri8k18 al80 greater regarding irregularSties occurring due to fraud rather than orror,
a8 fraud involve8 Intentional concealment, forgery, collu81on, omi88lon or ml8repre8entatlon.
A further descrlptlon of our respon8ibilities for the audit of Ihe financial statements18 located on the Financial
Reportlng Council'8 web8lte at.. WWN.frc.org,uklauditorsre8pon8ibilltle8. Thla descrlptlan forms part of our
auditorf8 report,
Use of our report
Thls report 18 made solely to the charlty's truslee8, as 8 body, In accordance with Part 4 of the Charitles
(Accounts and Reports) Regulations 2008, Our audit work has been undertaken so that we mlght state to
the charlty's trustees those matters we are requlred to State lo them in an auditorf8 report and for no other
purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other
than the charity and the charity's trustee8 a8 a body, for our audit wcrk, for this report, or for the opinion8 we
have formed.
W.,c)
Ward Wllllams
Chartered Accountants
Statutory Auditors
Belgrave House
3943 Monument Hill
Weybridge
Surrey
KT13 8RN
Date.. . .111 i o |Ic+l4
Ward Wllliams are eligible to act as auditors In tenn8 of 8ection 1212 of the Companie8 Act 2006.
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GIRLGUIDING CYMRU
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Restrlcted Unrestrlcted
funds 2024
funds 2024
Total funds
2024
Tot81 fvnds
2023
Not6
Income from:
Donations and legacies
10,773
10,773
5, 068
Charitable activities
103,783
404,010
507,793
351,427
Other trading activities
50,546
Investments
956
8,062
9,018
6.889
Total Income
104,739
422,845
527,584
413,930
Expendlture on:
Raising funds
Voluntary income
Fundraising trading
Charitable activities
3,562
3,562
682
16,455
410,640
7,10
116,162
379,491
495,653
Total expenditure
11 (116,162)
(383,053)
(499,215)
(427, 777)
Net gainl(loss) on investments
3,007
15,015
18,022
(9,324)
Net l•xp•ndlture)
(8,416)
54,807
46,391
(23, 171)
Transfers between funds
1,100
{1,100)
Net movement In funds
(7,316)
53,707
46,391
(23,171)
Reconclllatlon of funds:
Total funds brought forward
20
358,107
1,392,247
1,750,354
1, 773,525
Total funds carrled fO￿ard
20
350,791
1,445,954
1,796,745
1, 750,354
All activities relate to continuing operations, apart from the trading activities of the group which were
streamlined following the Covid-19 global pandemic. The trading subsidiary of the group ceased activities as
at the previous year-end, and was dormant with effect from 1 April 2023.
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 18 to 38 fomi part of these financial statements.
Page114

GIRLGUIDING CYMRU
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 2024
2024
2024
2023
2023
Not•
Fixed assets
Tangible assets
14
781,777
839,424
Investments
15
37,433
35,747
819,210
875, 171
Current assets
Stocks
16
18,507
19,453
Debtors
17
63,098
73, 723
Investments
18
195,348
179,Ot2
Cash at bank and in hand
771,082
714,430
1,048,03S
986,618
Credltorn." amounts falllng
due wlthln one year
19
(70,500)
(111,435)
Net current assets
977,535
875, 183
Total assets lèss current
Ilabllltlas
1,796,745
1, 750.354
Credltors: amounts falllng duo
after more than one yéar
Net assets
1,796,745
1, 750,354
Charlty Funds
Restricted funds
20
350,791
358, 107
Unrestricted funds
20
1,445,954
1,392,247
Total funds
1,796,745
1, 750,354
The financial statements were approved by the Trustees on
I4 .10 ..24. and signed on their behalf by:
Ms Beverley Martln, Chlef Commlssloner
The notes on pages 18 to 38 fonn part of these financial statements.
Page115

GIRLGUIDING CYMRU
CHARI￿ BALANCE SHEET
AS AT 31 MARCH 2024
2024
2024
2023
2023
Ntste
Flxed assets
Tangible assets
14
781,777
839,424
Investments
15
37,433
35,747
819,210
875, 171
Current assets
Stocks
16
18,507
19,453
Deblors
17
63,098
74,399
Investments
18
195,348
179,012
Cash at bank and in hand
771,082
712,207
1,048,035
985,071
Credltor8: amounts falllng
due wlthln one year
19
(70,500)
(109,888)
Net current assets
977,535
875, 183
Net assets
1,796,745
1, 750,354
Charlty Funds
Restricted funds
350,791
358, 107
Unrestricted funds
1,445,954
1.392,247
Total funds
1,796,745
1, 750,354
The financial statements were approved by the Trustees on 11:10 .2-.Ltr
and signed on their behalf by..
Ms Beverly Martin, Chlef Commissioner
The notes on pages 18 to 38 form part of these financial statements.
Page116

GIRLGUIDING CYMRU
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
£000
2023
£000
Net cash flow from oparating actlvitles
22
62,552
120, 122
Cash flow from Investlng activitles
Purchase of tsngible fixed assets
Proceeds from sale of tangible fixed assets
{5,900)
(8, 223)
1,501
Net cash used In Investlng actlvltles
(5,900)
(6, 722)
Change In cash and cash equlvalonts In the year
56,652
113,400
Cash and cash equivalents brought forward
714,430
601,Q30
Cash and cash equlvalents carrled forward
23
771,082
714,430
The notes on pages 18 to 38 form part of these financial statements.
Page | 17

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024-
1. ACCOUNTING POLICIES
1.1 Basls of preparatlon 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 histOriGal cost Gonvention 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 Golng Concorn
As reported in the previous year financial statements, in order to limit the losses being made by
the trading subsidiary, it was decided by the Trustees that the subsidiary should cease activities
at the prior year-end, with it becoming dormant with effect from 1 April 2023.
During the year, the Trustees continued to explore the potential future sale of the premises
owned by the group, and this remains ongoing at the time of signing these financial statements.
In addition, since the year-end the charity has acquired new premises that are more suitable for
its current activities (see Note 27 for further details).
The Trustees are of the opinion that the Charity itself is in a sufficiently strong financial position
to see through the current tough economic environment and sale of the group premises. Based
on this the Trustees consider it appropriate to prepare the accounts on a going concem basis.
Page118

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES (contlnuéd)
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 dlstribution will be made, or when a distribution is recelved
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 legacles 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 materi81.
Glfts In klnd donated for distrlbution are included at valuation and recognlsed as income when
they are dlstributed to the projects. Gifts donated for resale are included as income when they
are sold. Donated facilltles are Included at the value to the Charity where thls can be quantified
and a third party is bearing the cost. No amounts are Included in the financial statements for
seniices donated by volunteers.
Donated servlces or facilities are recognised when the Charity has control over the item, any
conditions associated wlth the donated item have been met, the receipt of economic benefit
from the us& of the Ch8rity of the item is probable and the economic benefit can be measure
reliably. In accordance with the Charitles SORP (FRS 102), the general volunteer time of the
Friends is not recognised and refer to the Trustees. report for more information about their
contrlbutlon.
On receipt, donated professional servlces and donated facilitles are recognised on the basis of
the value of the gift to the Charity which is the amount th8 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 tlmo of the donation.
Income tax recoverable In relatlon to Investment income is recognlsed at the time the
investment income is recelvable.
1.4 Expendlture
Expendlture Is recognised once there is a legal or constructive obligatlon to transfer economic
b8neflt to a third party. it is probable that a transfer of economic benefits wlll be required in
settlement and the amount of the obllgation can be measur8d reliably. Expenditure is classified
by activity. The costs of each actlvity 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
be￿een those activities on a basis consistent wlth 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.
Page119

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES (contlnued)
1.4 Exp8ndltur• (contlnued)
Fundraising costs are those incurred in seeking voluntary contributions and do not include the
costs of disseminating information in support of the charitsble activities, Support costs are those
cost incurred directly in support of expenditure on the objectives of the Charity and include
project management Garried out at Headquarters. Govemance 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 ralse funds.
Charltable activltl8s and Govemance costs are costs incurred on the Charity's educational
operations. including support costs and costs relating to the govemance 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 Ba•ls of Con•olldatlon
The financial statements consolidate the accounts of GirlguSding Cymru and all its subsidiary
undertakings ('subsldiarles').
The income and expenditure account for the year dealt with In the accounts of the Charity w8s a
surplus of £46.391 {2023 £287,179 deficit}. The surplus this year was reduced by an
impairment charge of £36,291 relating to fixed assets conceming the site at Ynysgain, which
has been handed back to the freeholder since the year-end.
The large deficit in the prior year was due firstly to an impairment of the investment regarding its
trading subsidiary, Broneirion Limited of £264,001, and secondly an increase in the provision
against the debtor balances owed to the charity by Broneirion Limited of £109,707, A total
provision of £437,944 remains in place, which is equivalent to the Broneirion Limited net
liabilities position, wlth the Trustees having taken a view that the trading subsidiary is extremely
unlikely to ever be able to repay the amounts owed in full.
1.6 Tanglble flxed assets and depreclatlon
A revlew for impairment of a flxed asset is carried out If events of changes 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 recoverabl8 amounts are recognised as impairments.
Impairment Ioss8s ar6 recognised in the Stat8ment of financial activities.
Page | 20

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES (contlnued)
1.6 Tanglble flxed asset8 and d8pr•clatlon (continued)
Tanglble fixed assets are carrled at cost, net of depreciation and any provision for impaimient.
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
Llterm Leasehold property
Plant & machinery
Fixtures and fittings
Office equipment
Other fixed assets
20/0 Straight line
Over the lease term
25 % Straight line
200/0 Straight line
250/0 Straight line
250/0 Straight line
1.7 Inv•stfflent8
Fixed asset and currant asset Investments are a form of financlal Instrument and ar8 initially
recognised at their transaction cost and subsequently measured at fair value at the Balance
sheet date, unless fair value cannot be measured rellably in which case it is measured at cost
less impairment. Investment galns and losses. whether re81ised or unrealised, are combined
and shown in the heading 'Gainsl(losses) on investments, in the Statement of financlal actlvities.
Subsidiary undertaklngs
Investments in subsidiaries are valued at cost less provlslon for impairment.
1.8 Intere8t recelvable
Interest on funds held on deposlt 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 tha
8ank.
1.9 Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for
obsolete and slow- movlng stocks. Cost includes all direct costs and an approprfate proportion
of fixed and variable overheads.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11
Cash at Bank and In hand
Cash at bank and In hand includes cash and short temi hlghly Ilquid investments wlth a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
1.12 Llabllities and provlslons
Liabilities are recognised when there is an obligation at the Balan￿ 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.
Page121

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES (contlnued)
1.13 Llablllties and provlslons (contlnued)
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 Flnanclal Instruments
The Charity only has financial assets and financlal liablllties 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 Panslons
The Charlty operates a defined contributlon pension's scheme and the penslon 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 charty in an independently
administered fund. Contrlbutions payable for the year are charged in the Statement of Financial
Activities.
1.16 Fund a¢countlng
General funds are unrestricted funds which are available for use at the discretion of the
Trustees in furtherance of the general obJ8ctlves of the Charity and whlch have not been
designated for other purposes.
Restricted funds are funds whlch are to be used in accordance wlth speclfic restrictions imposed
by donors or which have been raised by the Charity for particular purposes. The costs of raising
and admlnlsterlng such funds are charged agalnst the speclfic fund. The aim and use of each
restricted fund is set out in the notes to the financial statements.
1.17 Crftlcal accountlng estlmates and ar•a$ of Judgement
Estlmates and judgements are continually evaluated and are based on historical experience and
other factors, including expectstions of future events that are believed to be reasonable under
the circumstances.
The Charity makes estimates and assumptions conceming the future. The resultlng accounting
estimates and assumptions will, by definitlon, seldom equal the related actual results.
The estimates and underfying assumptlons 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
Govemment 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 2024
2. INCOME FROM DONATIONS
Restrlcted Unrestricted Total Funds
funds 2024
funds 2024
2024
Total Funds
2023
Donations
Legacies
637
10,136
637
10,136
3,318
1,750
Total Donatlon8
10,773
10,773
5,068
Total 2023
1,750
3,318
5,068
3. INCOME FROM CHARITABLE ACTIVITES
R•strlctod Unrestrlcted Total Funds
fund8 2024
funds 2024
2024
Total Funds
2023
Subscrlptions
248,842
248,842
223,201
Glrlguldlng events
Ynysgain income
International incom8
Grants
73,483
14,867
66,318
500
73,483
14,867
66,318
104.283
44,334
8, 904
3,770
71,218
103,783
Total In¢om• from charltable a¢tlvltl•s
103,783
404,010
507,793
351,427
Tot812023
69,718
281, 709
351,427
Direct costs of operating Ynysgain are included in note 8.
GRANTS
2024
2023
Girlguiding UK
Sports Grant
Duke of Edinburgh Award
Lloyds Foundation
Garfield Weston Fund
Lesley Sell Trust
CAF Funding
29,338
42,950
2,513
1,682
25.800
1.500
500
15,266
29,212
740
1,500
24,500
Total
104,283
71,218
Page123

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
4. TRADING ACTIVITIES
Restrfcted Unrestrlctsd Totsl Funds
funds 2024
funds 2024
2024
Total Funds
2023
Charlty Tradlng Income
Broneirion
50,546
50,546
Fundralslng tradlng expen808
Cost of sales
16,455
16,455
Net Incomo from tradlng a¢tlvltles
34,091
5. INVESTMENT INCOME
Restrlcted Unrestrlcted Total Funds
funds 2024
funds 2024
2024
Tot81 Funds
2023
Bank and other interest receivable
2,394
2,394
463
Investment Income
956
5,668
6,624
6,426
Total investment Income
956
8,062
9,018
6,889
Tot812023
1,087
5,802
6,889
Page124

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
6. COSTS OF GENERATING VOLUNTARY INCOME
Restrlcted Unrestrlctsd Total Funds
fund8 2024
funds 2024
2024
Total Funds
2023
Publlclty
3,562
3,562
682
Total 2023
682
682
7. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Rastrict8d Unrestrlcted
funds 2024
fund5 2024
Total Funds
2024
Total Funds
2023
General Guiding costs
45,670
184,690
230,360
317,676
Guiding events expenses
70,492
173,126
243,618
75,385
116,162
357,816
473,978
393,061
Total 2023
83,422
309, 639
393,061
8. DIRECT COSTS
Bronelrlon
Glrlguldlng
Total
2024
Total
2023
Administration expenses
Ynysgain trading activities
Guiding
International trading activities
30,816
10,653
62,282
10,841
158,871
73,906
10,841
158,871
73.906
Total dlrect costs
243.618
243,618
106,201
Total 2023
30,816
75,385
106,201
Page125

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
9. SUPPORT COSTS
Glrlguldlng Total 2024
Total 2023
Insurance
Light & heat
Repairs and maintenance
NVYO & UYSAF
Meeting costs
Postage & stationery
Training
8ank charges
Business & water rates
Membershlps & subscriptions
Donations
Telephone
Website costs
Sundry expenses
Wages & salaries
National insurance
PensSon cost
Staff welfare
(Profit) on disposal
Depreciation and impaiment
11.977
4,240
690
11.977
4,240
690
14,527
2,982
119
2,100
550
2,331
960
1,199
3,191
2,191
977
715
4,074
977
117,536
5,845
5,419
115
(93)
121,145
3,186
2,692
232
1,452
2,550
961
3,186
2,692
232
1,452
2,550
961
3,038
5,534
1,402
119,388
3,504
5,895
72
3,038
5.534
1,402
119,388
3,504
5,895
72
63,547
63,547
Total 8UPPOrt costs
230,360
230,360
286, 860
Total 2023
286,860
286, 860
10. GOVERNANCE COSTS
Restrlcted Unrestricted Total Funds
funds 2024
funds 2024
2024
Total Funds
2023
Auditors, remuneration
Legal and professional fees
Trustee meeting expenses
12,927
6,997
1,751
12,927
6,997
1.751
12,955
4,624
Total governanco costs
21,675
21.675
17,579
Total 2023
17,579
17,579
Page126

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
11. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Depnllmpair Other Costs
2024
2024
2024
Total
2024
Tot81
2023
Expenditure on raising
voluntary income
Expenditure on fundraising
trading
3,562
3,562
682
16,455
Costs of ralslng funds
3,562
3,562
17.137
General Guiding costs
Guiding events
128,787
63,547
38,026
243,618
230,360
243,618
317,676
75,385
Charltable Actlvltle8
128,787
63.547
281,644
473,978
393,061
Expendlturo on governan¢•
21,675
21,675
17,579
128,787
63,547
306,881
499,215
427, 777
Total 2023
128, 800
121,145
177,832
427, 777
Page127

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
12. NET INCOME I {EXPENDITURE}
This is stated after charging:
2024
2023
Depreciationllmpairment of tangible fixed assets..
-owned by the charitable group
Auditors, remuneration - audit
Auditors, remuneration - non-8udit
63.547
9,300
3,627
121,145
9,000
3,955
During the year, no Trustees received any remuneration (2023 - £NIL)
During the year, no Trustees received any benefits in kind (2023 - £NIL)
6 Trustees received reimbursement of expenses amounting to £2,126 in the current year, (2023 - 6
Trustees - £1,288)
13. STAFF COSTS
Staff costs were as follows:
2024
2023
Wages and salaries
Social security costs
Other pension costs
119,388
3,504
5,895
117,536
5, 845
5,419
128,787
128, 800
The average number of persons employed by the Charity during the year was as follows..
2024
2023
no.
no.
No employee received remuneration amounting to more than £60,000 in elther year.
Total remuneration received by key management personnel in the year amounted to £60,481 (2023:
£56,286}.
Page128

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
14. TANGIBLE FIXED ASSETS
Lrrerm
Freehold Leasehold Flxtures &
Office
property
Property
Fittings Equipment
Total
Group and Charfty
Cosl
At 1 April 2023
Additions
Disposals
1,187,834
48,845
10,937
3,404
14,583
2,496
(7,007)
1,262,199
5,900
17,007)
At 31 March 2024
1,187,834
48,845
14,341
10,072
1,261,092
Depreclatlon
At 1 April 2023
Charge for the year
On disposals
Impairment loses
391,182
21,781
12,103
1,714
8,358
1,641
11,132
2,120
(7,007)
422,775
27,256
(7,007)
36,291
1,263
35,028
At 31 March 2024
414,226
48,845
9,999
6,245
479,315
Net book value
At 31 March 2024
773,608
4,342
3,827
781,777
At 31 March 2023
796, 652
36, 742
2,579
3,451
839,424
Page | 29

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. FIXED ASSET INVESTMENTS
Total
Group
Market value
At 1 April 2023
Revaluations
35,747
1,686
At 31 March 2024
37,433
Group Investments at market value comprlse:
2024
2023
Listed investments
37,433
35,747
All the fixed asset investments are held in the UK.
Shares In
Llsted
group
Securltles undertaklngs
Total
Charlty
Market value
At 1 April 2023
Revaluationsllmpairnient
35,747
1,686
35,747
1,686
At 31 March 2024
37,433
37,433
Charity investments at market value comprise:
2024
2023
Listed investments
37,433
35,747
Group
Total
37.433
35,747
All the fixed asset investments are held in the UK.
Page130

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
16. STOCKS
Group
2023
Charity
2023
2024
2024
Finished goods and goods for resale
18,507
19,453
18,507
19,453
17. DEBTORS
Group
2023
Charlty
2023
2024
2024
Du• wlthln ono year
Trade debtors
Amounts owed by group undertakings
Prepayments and accrued income
7,292
43,133
7,292
43,133
676
30,590
55,806
30,590
55,806
63,098
73, 723
63,098
74,399
As at the year end the charity was owed £437,944 by its trading subsidiary, Broneirion Limited. A provision
of £437,944 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 £nil {2023:
£676).
18. CURRENT ASSET INVESTMENTS
Group
2023
Charity
2023
2024
2024
Listed investments
195,348
179,012
195,348
179,012
Page131

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
19. CREDITORS: Amounts falllng due wlthln one year
Group
2023
Charity
2023
2024
2024
Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income
33,018
2,167
770
34,545
29,513
696
536
80.690
33,018
2,167
770
34,545
28,662
536
80, 690
70,500
111,435
70,500
109, 888
Included within Accruals and deferred income is deferred income of £20,813 12023: £61,118). 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, or for amounts received in advance for events to be held in the
next financial year.
Page132

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. STATEMENT OF FUNDS
STATEMENT OF FUNDS- CURRENT YEAR
Balance at
1 April
2023
Balance at
31 March
2024
Gainsl
(Losses) Transfers
Income Expendlture
Unrestricted Funds
Reserves
1,392,247
422,845
383 053
15,015
1,100
1,445,954
Restrlcted Funds
Eldrydd Davies memorial
fund {M&G)
International legacy (M&G)
Investment fund
Broneirion maintenance fund
County bedroom income
Sports grant
GG UK 1st Response grant
GG UK Subs Funding grant
Garfield Weston Fund
CCUK Cost of living grant
Duke of Edinburgh award
grant
GGUK Adventure 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
Safe Space
Chiefs Memorial fund
Masonic Lesley Sell
Lloyds Matched funding
33,115
2,632
28,017
176,003
10,027
22,241
647
6,950
3,874
886
70
(8861
(70)
1,562
124
1,321
34,677
2,756
29,338
168,603
10,027
33,086
543
{7,400)
42,950
(32,105)
{104)
(6,950)
(28,184)
17,692)
(2,861)
25,800
15,205
2,513
1.100
2,590
7,513
348
13,800
{13,800
(528
1,037
970
1,535
1,290
35,504
23,692
5,000
1,452
3,773
509
970
1,535
1,290
34.382
16,514
(1,122)
(7,1781
(5,000)
1,452
4,106
900
333
1,500
1,682
(600)
(1,682)
358,107
104,739
(116,162)
3,007
1,100
350,791
Total of Funds
1,750,354
527,584
(499,215)
18,022
1,796,745
Page133

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. STATEMENT OF FUNDS (continued)
STATEMENT OF FUNDS- PRIOR YEAR
Balanc• at
1 April
2022
Balance at
31 March
2023
Galnsl
(Losses) Transfers
Income Expenditure
Unrestrlcted Funds
Reserves
1,401,255
341,375
344,355
6,735
707
1,392,247
Restrlcted Funds
Eldrydd Davies memorial
fund IM&G)
International legacy (M&G)
Investment fund
Broneirion maintenance fund
County bedroom income
NVYO
Sports grant
GG UK 181 Response grant
GG UK Subs Funding grant
Garfield Weston Fund
Duke of Edinburgh award
grant
GG UK Start up grant
Guide Association gr8nt
CHQ Peer Ed granl
Science Project donation
Bequest- Margaret Millar
8equest- Dinah Cadogan
Bequest- Judy Stuart
Bequest- R Waring
GGUK Membership
retention grant
Safe Space
Chiefs Memorial fund
Masonic Lesley Sell
34,460
2,739
29,154
183,403
10,027
2.807
18,266
1.007
80
{1,007)
(80)
(1,345)
(107)
(1,137)
33,115
2,632
28,017
176,003
10,027
(7,400)
(2,100)
(25,237)
(353)
{7,050)
(20,626)
(392)
(707)
29,212
1,000
14,000
24,500
740
22,241
6,950
3,874
348
1,037
970
1,535
1,290
1,037
970
1,535
1,290
1,750
(1,750)
{693)
(15,219)
36,197
38,911
5,000
1,01S
35,504
23,692
5,000
(1,015)
1,452
3,507
500
1,452
3,773
266
(500)
372,270
72,555
(83,422)
(2,589)
(707)
358,107
Total of Funds
1,773,525
413,930
(427,777)
19,324)
1,750,354
Page134

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. STATEMENT OF FUNDS (contlnued)
SUMMARY OF FUNDS- CURRENT YEAR
Balance at
1 Aprll
2023
8alanca at
31 March
2024
Galnsl
Incomo Expenditure (Losses) fransfers
General funds
1,392,247
358,107
422,845
104,739
(383,053)
116,162
15,015 (1,100) 1,445,954
3,007
1,100
350,791
Restricted funds
1,750,354
527,584
499,215
18,022
1,796,745
SUMMARY OF FUNDS- PRIOR YEAR
Balance at
l April
2022
Balance at
31 March
2023
G8ins/
Expenditure (Losses) Transfers
Income
General funds
1,401,255
341,375
(344, 355) (6, 735)
83, 422
2,589
707 1,392,247
707
358, 107
Restricted funds
372,270
72,555
1, 773,525
413,930
427, 777
9,324
1, 750,354
The Eldrydd Davies memorial fund was given to provide income for grants towards the costs of
Intemational 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 Intemation81 Travel Grants.
it has been invested to provide income towards the costs of these grants.
Garfield Weston Field is a sub-grant from GGUK to fund a local development officer to offer support to
low income areas
The CHQ Peer Education grant is provided by Girlguiding UK to support North and South Wales
Training events for our senior Guides.
The School of Bioscience at Cardiff Univer51ty have provided a donation to support science projects
for Rainbows, Brownies, Guides and Senior Section across Wales.
The GGUK adventure grant was provided to fund specific adventure events.
Page | 35

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
20. STATEMENT OF FUNDS (continued)
The Sport Grant from Sport Wales is for the development of physical literacy and activity through
sports throughout Guiding in Wales.
The GGUK cost of living grant was awarded to assist Girlguiding members, especially those in more
deprived areas, who have been hit hard by the ongoing cost-of-living crisis. This includes help with
payments of subscriptions and rent.
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR
Re8trlcted
fund8 2024
Unre8trlcted Total Funds
funds 2024
2024
Tangible fixed asset
Fixed asset investments
Currents assets
Creditors due within one year
187,707
37,433
125,651
594,070
781,777
37,433
1,048,035
170,500
922,384
(70,500)
350,791
1,445,954
1,796,745
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Restricted
funds 2023
Unrestricted Total Funds
fvnds 2023
2023
Tangible fixed asset
Fixed asset investments
Currents assets
Creditors due within one year
193,877
34,295
129,935
645,547
839,424
34,295
858, 135
988,070
(711,435) (111,435)
358, 107
1,392,247
7, 750,354
Page | 36

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
22. RECONCILITION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net income for the year las per Statement of Financial
Activities)
Adjuslment for:
DepreciationlAmortisationllmpalrment charges
(Profit) on disposal of tangible fixed assets
(Gains)Ilosses on investments
Decrease in stocks
Decreasel{Increasel in debtors
(Decrease)lincrease in creditors
46,391
(23, 171)
63,547
121, 145
(93)
9,323
3,038
(44.696)
54,576
(18,022)
946
10,625
(40,935
Not cash provlded by operatlng actlvltles
62,552
120,122
23. ANALYSIS OF CASH AND CASH EQUIVALENTS
2024
2023
Cash in hand
771,082
714.430
Total
771,082
714,430
24. OPERATING LEASE COMMITMENTS
At 31 March 2024 the total of the Group's future minimum lease payments under non-cancellable operating
lease were..
2024
2023
Group
Amounts payable..
Withln 1 year
Between 1 and 5 years
706
133
Total
839
Page137

GIRLGUIDING CYMRU
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
24. OPERATING LEASE COMMITMENTS (continued)
At 31 March 2024 the Charity had annual commitments under non-cancellable operating leases as follows..
2024
2023
Charlty
Amounts payable:
Within 1 year
Between 1 and 5 y8ars
Total
25. 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.
26. PRINCIPAL SUBSIDIARIES
Bronelrlon Ltd
Subsidiary Name
Company registratlon number
Basis of Control
Equity Shareholding 0/0
Broneirion Ltd
04260833
1000/0 owned subsidiary
1000/0
Total assets as at 31 March 2024
Total liabilities as at 31 March 2024
Total equity as at 31 March 2024
£nil
£(437,944)
£1437,944)
The above company was dormant in the year.
27. POST BALANCE SHEET EVENTS
Since the year-end, in May 2024, the charity acquired a new freehold property which the charity will now
operate from going forward. The total cost of the prop8rty was £512,750.
Page138