GIRLGUIDING CYMRU Charity number: 521209 GIRLGUIDING CYMRU TRUSTEES, REPORT AND FINANCIAL STATEMENTS / ADRODDIAD YR YMDDIRIEDOLWYR A DATGANIADAU ARIANNOL FOR THE YEAR ENDED 31 MARCH 2025 / AR GYFER Y FLWYDDYN A DDAETH I BEN AR 31 MAWRTH 2025 Girlguiding Page11
GIRLGUIDING CYMRU CONTENTS Reference and administrative details of the charity, its trustees and advisers I Manylion cyfeiriaclurol a gweinyddol yr elusen, ei hymddiriedolwyr a'i chynghorwyr Chief Commissioner's Statement English Trustee's report l Adroddiad yr Ymddiriedolwyr Saesneg 10 Independent auditors, report l Adroddiad archwilwyr annibynnol 11-13 Consolidated statement of financial activities l Datganiad cyfunoS o weithgareddau ariannol 14 Consolidated balance sheet l Mantolen gyfunol 15 Charity balance sheet l Mantolen yr elusen 16 Consolidated statement of cash flows 17 Not8s to the financial statements / Nodiadau ynglyn a'r datganiadau ariannol 18-36 Appendix l - Welsh Trustees, report l Adroddiad yr Ymddiriedolwyr Cymraeg Page12
GIRLGUIDING CYMRU TRUSTEES I YMDDIRIEDOLWYR FOR THE YEAR ENDED 31 MARCH 2025 Trustees l Ymddlrledolwry Ms Beverley Martin, Chief Commissioner Ms Sarah-Jane Bums, Deputy Chief Commissioner Ms Charlotte Makanga (resigned 28 November 2024) Ms Pretiksha Davies (resigned 18 July 2024) Ms Kathyrn Gunner Ms Julie Miles Ms Evelyn Thomas Ms Ann Lovatt Ms Chloe Sinderby (appointed 14 January 2025) Charlty reglsterad number l Rhlg elusen gofastredlg 521209 Prlnclpal offlco I Prls swyddfa The Coach House, Broneirion, Llandinam, SY17 5DE Key Management Personnel Helen Parker, Finance Manager Rachael Clutton-Haines. ManagerlPA to Chief Commissioner Independant audltors l Archwllwyr annlbynnol Ward Williams, Belgrave House, 3943 Monument Hill, Weybridge, Surrey KT13 8RN Bankers l Bancwyr HSBC Bank plc, 1 Broad Street. Newtown SY16 2LX Legal Consultant Girlguiding UK, 17-19 Buckingham Palace Road, London SW11 OPT Page13
GIRLGUIDING CYMRU CHIEF COMMISSIONER'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 Guiding in Wales is committed to helping girls and young women find their voice and build confidence and well-being for greater gender equality - 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 15,200 members throughout Wales in over 995 units, our aims and objectives have remained constant since our inception11910), 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 an equal world where all girls can make a positive difference, be happy, safe and fulfil their potential. 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 lo our members both virtually and in person and our Guiding delivery team have been available to shar8 their support to rnembers across a wide range of topics. Both the training and Guiding Delivery teams hold years of guiding expertise and knowledge between 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 facilitate 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 lrfe- changing and impacfful 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 Ihat Guiding is confident and well placed lo 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 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 with funding from National Lottery. 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 including cricket, street dance, fencing, table tennis and ice skating. We continue to invest in developing a team to grow Guiding in Wales and we are focused on several 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 Western in conjunction with Girlguiding nationally enabled the Regional Innovation inclusion and Growth project to engage with communities we are not yet reaching to find Ihe 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 at the heart of what we have created. Page14
GIRLGUIDING CYMRU CHIEF COMMISSIONER'S STATEMENT (continued) FOR THE YEAR ENDED 31 MARCH 2025 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 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. In 2024, the RNLI celebrated ils 200th anniversary and as part of the lead up to this anniversary we collaborated with the lifesaving charity to launch the Mayday challenge pack resource. The pack is about educaling young people and their families about water safety, which is fundamental to saving lives in, on and around water, and is a core part of the RNLI'S prevention work. The Active adventures pack, produced in partnership with Sustrans Cymru was launched to teach Rainbows, Brownies, Guides and Rangers about active travel. This challenge is all about active adventure - using active ways, like walking, cycling, scooting or wheeling, to get to the places we need to go. In partnership with Social Care Wales, we introduced the Wecare Wales challenge pack designed specifically for Guides and Rangers, introduces the many facets of care professions. Fencing Challenge, in partnership with Welsh Fencing enables members to try something completely different by stepping into the world of fencing, a sport that combines strategy, agility, and focus. This challenge offers a fantastic opportunity to learn the basics of fencing in a fun and supportive environment. Our Chief team of Bev, 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 enrichrnenl 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. As the Chief teams, term of office comes to an end in October 2025, we launched our Chief Teams 2025 challenge pack which is focussed on the interests and hobbies of Bev, Sarah-Jane and Alice and will build up towards our 2025 events. The success of events is down to the hard work and determination ofthose 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 lo 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 # girls can do anything. Beverley Martln Chief Commissioner Page15
GIRLGUIDING CYMRU TRUSTEE'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for Gidguiding Cymru (GGC or the Charity) for the year ended 31 March 2025. 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 31 st May 2025, we have 15,462 members across Wales, giving our youth a real voice. From the age of 4, our girls have fun and adventure and the space to discover their potential. 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, Caemarfonshir&, Carmarthenshire, Ceredigion, Clwyd, Cardiff and East Glamorgan, Central Glamorg8n, 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 8oard, 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 2025, the Board comprises: The Chief Commission8r for Wales The Deputy Chief Commissioners for Wales The Assistant Chief Commissioner 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. Counly 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. Details of their expenses are disclosed in note 12 to the Accounts. Page16
GIRLGUIDING CYMRU TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 Subsldlary The charity owns 1000/0 of the issued share capital of Broneirion Ltd, its dormant subsidiary. 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 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 make a positive difference in their community. 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. 08JECTIVES 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 activilies. 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 virtually or in person across W81es. Our relationship with 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 slightly. Subscriptions represent 31 % of income forthe 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. BUSINESS PLAN TO 2025 The Business Plan continues the progress made and provides planned income and expenditure budgets based on our"girls can do anything" strategic objectives and goals.. 1. Exceptlonal experlences for glrls To offer a programme of adventure and challenge during a global pandemic that compliments national and county offers. 2. Rewardlng Volunteer Experlence Provide support to adult volunteers especially commissioners and deliver relevant training programme sessions to enabl8 them to carry out their role and fell a valued Member of the organisation. 3. Incluslve and impactful To stabilise membership and have a plan for growth. 4. Sustainability Maintsin good financial governance and stability. Page17
GIRLGUIDING CYMRU TRUSTEE'S REPORT {contlnued) FOR THE YEAR ENDED 31 MARCH 2025 Hlghllghts In 202412025 36 participanls completed their Duke of Edinburgh Bronze Award, 34 participants completed the Silver Award and 15 participants completed the Gold Award. 3,315 volunteering hours were undertaken by our Duke of Edinburgh Award participants. 1,200 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 Slars and Coventry Blaze. 430 enthusiastic Brownies, Guides, Rangers, and young leaders participated, in Street Dance workshops filled with energy. creativity, and fun in partnership with UDOITI DanGe Foundation. 1,397 members have completed the RNLI Mayday challenge slnce launched in September 2024 1,896 members have completed the Active Adventures challenge since launched in May 2024 Rlsk Assessment A Risk Register is kept which classifies major risk to which the Charity is exposed underthe following headings Governance, Operational, Financial, Environment and External factors and Compliance. Government Policy relatlng 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 take it fomard at least in part. Governance - Our experienced Board is providing the direction for growin9 Guiding in Wales and their skills significantly increase our capability in current thinking on leadership, business and marketing within a Welsh 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 reviewad and budget holders reminded of their obligations under them. Disaster recovery and planning - the closure and marketing for sale of Broneirion property will enable the financial viability in the future and secure our assets. Dependency on certain income sources - we continue to develop the 'mixed economy, approach to develop range of income streams, thereby lowering risk in any one area, FINANCIAL REVIEW As a Group the Charity made a deficit in the year of £19,289 {2024'. £46,391 surplus). Income of £413,689 (2024.. £527,584) includes legacies received during the year of £5,32312024'. £10,136). Subscriptions for 2024125 were £254,263 (2023124.. £248,842) being approximately 61°/o of the income of the Charity for the year. Cash balances at the year-end were £263,637 {2024.' £771,082) and investments in listed equities were £37,287 {2024.. £37,433). Net current assets were £545,728, a decrease of £502,307 when compared to 31 March 2024. Of the total funds of £1,777,456, unrestricted funds were £1.477,941 and restricted funds were £299,515. The Charity is reporting free reserves of £375,724 at 31 March 2025 compared with £849,694 at 31 March 2024. Page18
GIRLGUIDING CYMRU TRUSTEE'S REPORT (contlnued) FOR THE YEAR ENDED 31 MARCH 2025 GOING CONCERN After making appropriate enquires, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational exislence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing financial statements. The 8ccounts are presented on consolidated basis reflecting the integrated nature of the Charity and its dormant subsidiary. INVESTMENTS AND RESERVES The Charity's investments are held in funds specialty 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 Ch8rifund Trusts are invested in blue chip UK equities such as BP, Shell, GlaxoSmithKiine, HSBC and Vodafone. The income and Charibond Trus15 are invested in UK gifts and other fixed income securities. Guiding UK acts as the intermediate for GGC and by pooling resources wilh the other Regions we save costs. Throughout the period the Trustees have adopted a policy on its reseNes ensunng that the unrestricted financial reserves (not including fixed asselsl were such as to secure between three and six months of our operalionlcharitable expenditure. The Trustees consider this level of reserves to be approprlate for the charity and to cover ils cash flow requirements, while also providing a buffer in case of any loss of income which would give the Charity the chance to lake appropriate steps. The Trustees are aware that the current level of free reserves held of £375,724 reduced when compared lo prlor year12024'. £849,694). This Is caused mainly as a result of Purchase of a new propety premises at £531,159, netted off by other movements. TRUSTEES, RESPONSIBILITIES The Chief Commlssioner, chair of the Board and Trustees. in line with the constitution, they are responslble for the governance, stewardship and strategy of the charity and ils subsidiary. They review performance at least four times a year and approve the annual report and accoun15. Through actsve risk management they seek to ensure that the organisation remains viable and suslainable. The Chief Commissioner reports to Girfguiding UK and man8ges the volunteer workforce through a structure of Lead Volunteers and County Commlssioners, who in turn are 8UPPOrted by 3,000 volunteers. The trustees are responsible for preparing the Trustees, Annual Report and thè financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires Ihe Iruslees to Prepare financial statements for each financial year which glve a true and fair view of the slale of affairs of the charity and of the incoming resources and application of resources of the charity for that perlod. In preparing Ihese financial statements, Ihe truslees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP 2019 IFRS 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 stalements., prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page19
GIRLGUIDING CYMRU TRUSTEE'S REPORT (continued) FOR THE YEAR ENDED 31 MARCH 2025 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 slatements 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 Pfevention and detection of fraud and other irregularities. This report was approved by the Trustees, on and signed on their behalf by.. Mrs Beverley Martin Chief Commissioner Page110
GIRLGUIDING CYMRU INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU FOR THE YEAR ENDED 31 MARCH 2025 Oplnlon We have audited the financial statements of Girlguiding Cymru (the 'parent charity,) and its subsidiaries (the 'group'l for Ihe year ended 31 March 2025 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 (Uniled Kingdom Generally Accepled 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 2025, and of the group's incoming resources and application of resources for the year then ended. have been properly prepared In accordance with United Kingdorn Generally Accepted Accounting Practice., and have been prepared in accordance Wlth the requirements of the Charities Act 2011. Basls 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 fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we h8ve obtained is sufficient and appropriate to provide a basis for our opinion. Concluslons relatlng 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 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. other informatlon The trustees are responsible for the other information. The other information comprises the infomation 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 Ihereon. 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 Ihat there is a material misstatement of this other information, 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 2025 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. Responsibilltles 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 frorn rnaterial rnisStatem6nt, 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 88 a going concern, disclosing, 88 applicable, matters related to going concem 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 re8ponslbllltle8 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 th8 financial statements as a whole are fr8e 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. 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. W8 obtained an understanding of how the charity ar8 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. Page112
GIRLGUIDING CYMRU INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF GIRLGUIDING CYMRU FOR THE YEAR ENDED 31 MARCH 2026 We assessed the susceptibilty of the charity's fin8ncial statements to material misstatement, including how fraud might occur. Audit procedures performed included.. identifying and assessing the design and implem6ntation of controls management has in place to prevent and detect fraud., undarstandlng how those charged with governanc& considered and addressed the potentlal for override of controls or other inapproprlate Influence over the flnancial reporting process,. challenging assumptions and judgements m8de by management in its significant accounting estimates., identfylng and testing joumal entne8, in particular and journa5 entriès Posted with unusual account combinations. and 88sessing 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 misststernent in the financl81 stat8ments 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 ststements, as we will be less likely to bacome aware of Instances ofnon-compliance. The risk is also greater regarding irregularities occurring due to fraLJd rather than error. as fraud involves intentional concealment, forgery, colluslon, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements 18 located on the Flnancial Reporting Council's website at.. www.frc.org.uklauditorsresponsibilities. This description forms part of our auditor's report. U80 of our report This report is made solely to the charity's trustees, as 8 body, In accordance wlth Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work h8s 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 accopt or assume responsibilty 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 fonnad. lJJoThd W IlM"QMS Ward Wllllams Chartered Accountants Statutory Auditors Belgrav8 House 3943 Monument Hill Weybridge Surrey KT13 8RN Date.. Ward Wlliams are eligible to act as auditors in terms of section 1212 of the Companles Act 2006. Page113
GIRLGUIDING CYMRU CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted Unrestrlcted funds 2025 funds 2025 Total funds 2025 rolal ftinds 2024 Note Income from: Donations and legacies 6,354 6,354 10,773 Charitable activities 35,520 361,084 396,604 507, 793 Snvestments 10,731 10,731 9,018 Total Income 35,520 378,169 413,689 527,584 Expendlture on: Voluntary Income 2,093 2,093 3,562 Charitable activities 7,10 86,535 334,314 420,849 495, 653 Total expendlture 11 (86,535) (336,407) (422,942) (499, 215) Net gainl(loss) on investments (261) (9,775) (10,036) 18,022 Nèt (expendlture) {51,276) 31,987 (19,289) 46,391 Transfers between funds Net movemant In funds {51,276) 31,987 (19,289) 46,391 Reconclllation of funds: Total funds brought forward 20 350,791 1,445,954 1,796,745 1, 750,354 Total funds carrled forward 20 299,515 1,477,941 1,777,456 1,796, 745 The subsidiary of the group ceased activities as at year-end 31 March 2023 and is dormant. The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to 36 fomi part of these financial statements. Page114
GIRLGUIDING CYMRU CONSOLIDATED BALANCE SHEET AS AT 31 MARCH 2024 2025 2025 2024 2024 Nolo Flxed assets Tangible assets 14 1,279,726 781,777 Investments 15 37,287 37,433 1,317,013 875, 171 Current assets Stocks 16 24,535 18,507 Debtors Investments Cash at bank and in hand 17 18 72,098 185,458 236,637 518,728 63,098 195,348 771,082 1,048,035 Creditors: amounts falling due within one year 19 {85,295) (70,500) Net current assets 433,433 977,535 Total assets less current liabilities 1,777,456 1,796, 745 Net assets 1,777,456 1, 796, 745 Charity Funds Restricted funds Unrestricted funds 20 20 299,515 1,477,941 350, 791 1,445,954 Total funds 1,777,456 1, 796, 745 The financial statements were approved by the Trustees on Li .l...i. l.L.a and signed on their behalf by: Ms Beverley Martln, Chlef Commissioner The notes on pages 18 to 36 form part of these financial statements. Page115
GIRLGUIDING CYMRU CHARITY BALANCE SHEET AS AT 31 MARCH 2025 2025 2025 2024 2024 Note Fixed assets Tangible assets 14 1,279,726 781,777 Investments 15 37,287 37,433 1,317,013 819,210 Current assets Stocks Debtors Investments Cash at bank and in hand 16 17 18 24,535 72,098 185,458 263,637 545,728 18,507 63,098 795,348 771,082 1,048,035 Credltors: amounts falling due within one year 19 (85,295) (70, 500) Net current assets 460,443 977,535 Net assets 1,777,456 1, 796, 745 Charlty Funds Restricted funds 299,515 1,477,941 350, 791 1,445,954 Unrestricted funds Total funds 1,777,456 1, 796, 745 The financial statements were approved by the Trustees on and signed on their behalf by.. Ms Beverly Martln, Chief Commissioner The notes on pages 18 to 36 form part of these financial statements. Page | 16
GIRLGUIDING CYMRU CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 £000 2024 £000 Not• Net cash flow from operating activitles 22 23,714 62,552 Cash flow from investlng activities Purchase of tangible fixed assets Proceeds from sale of tangible fixed assets (531,159) (5, 900) Net cash used In Investlng actlvltles (531,159) (5, 900) Change In cash and cash equlvalonts In the year (507,445) 56, 652 Cash and cash equivalents brought forward 771,082 714,430 Cash and cash equlval•nts carrled forward 23 263,637 771,082 The notes on pages 18 to 36 fom part of these financlal statements. Page117
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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 lo provide a 'true and fair, view. This departure has involved following the Charities SORP IFRS 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 Ihe subsidiary are consolidaled on a line-by-line basis. No separate SOFA has been presented for the Charity alone as permitted by FRS 102. 1.2 Golng Concern 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, with the listed sale price at £1.75m and no active offers at the time of 8alance Sheet approval date. The Trustees are making their best efforts in encouraging the sale and the charity Is actively seeking a buyer. The Trustees are of the opinion that the Charity itself is in a sufficientSy strong financial position of net current liquid assets to continue charitable operations and meet Its liabilities as they fall due in the foreseeable future. The Trustees acknowledge that the Statement of Flnancial Activities is in deficit this year. The deficit reported is primarily due to the full utilisation of a sports grant that had been significantly underspent in prior years. In accordance with FRS 102, grant income must be recognised in the year it is received, rather than spread over the years in which it is spent. As a result, although the expenditure aligns with the intended use of the grant. the timing mismatch beeen income recognition and expenditure has contributed to the temporary deficit position. The Trustees have reviewed future funding and charitable income, when compared to budgeted costs, and deem it to be sufficient for the charity to continue in existence and to be able to meet its liabilities in the foreseeable future. The organisation continues to operate within a strict budgetary framework and does not anticipate a deficit in the forthcoming financial year. The Trustees therefore consider it appropriate to prepare the accounts on a going concern basis. Page118
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (contlnued) 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 measured reliably. Unrestricted donations are recognised as income upon receipt or when an unconditional promise to donate is made and the amount can be measured reliably. Restricted donations are those where the donor has specified a particular purpose for the funds. Restricted income is held in a separate fund and expended in accordance with the donor's wishes. Restrictions on use do not affect the tlming of income recognition un18SS they are subject to performance-related conditions. in which case income Is deferred until those conditions are met. For legacies, entitlement is taken as th8 earfier of the date on whlch eith8r'. the Charity is aware that probate has been granted, the estate has been flnalised and notification has been made by the executor(sl 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 leg8cies have been notified to the Charlty, or the Charity is aware of the granting of probate, and the criteria for income recognltion have not been met, then the legacy is treated as a Gontingent asset and dlsclosed 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 paty 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 measured 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 inforniation about their contribution. On receipt, donated professional services and donated facllitles 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. Subscription income is recognised in full in the financial year to which the subscription relates, typically upon receipt in April, aligning with the start of the subscription year. For intemal management purposes, this income is apportioned evenly across the twelve-month period from April to March. National events income is derived from single day trips and events, occasionally longer. These generally involve a large number of participants and the cost is calculated and divided by the number of attendees and this is charged as a fixed fee. These events mainly run at a loss and the Page119
GIRLGUIDING CYMRU charity covers this loss. Very rarely, if the charity makes a large profit on the event this will be refunded to the individual participants if it is viable to do so. Intemational events income is recognised on the date the event takes place, reflecting the point at which the charity becomes entitled to the funding income. Any surplus income from such events is refunded to participants after the event concludes. Associated expenditure is recognised in the same period as the related income, ensuring matching of income and costs in accordance with the accruals, principle. 1.4 Expendlturo 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 8Ctivity, direct costs attrlbutable 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 portlon of the asset's use. Fundraising costs are those incurred in seeking voluntsry contributions and do not include the costs of dissemlnating 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 projeGt 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 activltles and Govemance 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. 1.4 Bas18 of Consolldatlon The financial statements consolidate the accounts of Girlgulding Cymru and all its subsidiary undertakings ('subsidiaries'). The Income and expenditure account for the year dealt with in the accounts of the Charity was 8 deficit of £19,289 (2024 - £46,3915urplus). 1.6 Tangible fixed as80ts and deprecSation A review for impairment of a fixed asset is carried out rf 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 recoverable amounts are recognised as impairments. Impaiment losses are recognised in the Statement of financial activities. Page120
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1. ACCOUNTING POLICIES (contlnugd) 1.6 Tanglble flxod assets and depreclatlon (contlnued) Tangible fixed assets are carried at cost, net of depreciation and any provision for impaiment. 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 propety Lltemi Leasehold propety Plant & machinery Fixtures and fittings Office equipment Other fixed assets 2fi/o Straight line Over the lease term 25 % Straight line 200/0 Straight line 25 % Straight line 250/0 Straight line 1.7 Inv•8tment8 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 'Gainsl(losses) on investments, in the Statement of financial activities. Subsidiary undertakings Investments in subsidiaries are valued at cost less provlslon for impairment. 1.8 Interost recelvabla Interest on funds held on deposit is included when recelvable and the amount can be measured reliably by the Charity. this is normally upon notification of the interest paid of payable by the Bank. 1.9 Stocks Stocks are valued at the lower of cost and net realisable value after making due aSlowance for obsolete and slow - moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 1.10 Debtors Trade and oth8r debtors are recognised at the settlement amount after anytrade 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 indudes 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. 1.12 Llabllltles and provlslons Liabilities are recognised when there is an obligation at the Balance sheet date as a resurt of a past event, it is probable that a transfer of economic benefit wlll be required in settlement, and the Page121
GIRLGUIDING CYMRU 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. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. ACCOUNTING POLICIES (contlnued) 1.12 Llabllltles and provlslons (contlnu•d) 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 thal reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges. 1.13 Flnanclal Instrumènts The Charity only has financial assets and financial Ilabilities of a klnd that qualify as basic financial Instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at thelr settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effectlve interest method. 1.14 Pen81ons 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 Ststement of Financial Activities. 1.15 Fund accountlng General funds are unrestricted funds which are available for use at the dlscretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes, Restricted fvnds 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. Page122
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 I. INCOME FROM DONATIONS Restricted Unrestrlcted Total Funds fund8 2025 funds 2025 2025 Total Funds 2024 Donations Legacies 1,031 5,323 1,031 5,323 637 10,136 Total Donatlons 6,354 6,354 10,773 Total 2024 10,773 10,773 2. INCOME FROM CHARITABLE ACTIVITES Restrlcted Unrostrlctsd Total Funds funds 2025 funds 2025 2025 ToÉ81 Funds 2024 Subscription8 254,263 254,263 248, 842 Girtguldlng events Ynysgain income International income Grants 67,117 7,476 32,228 67,117 7,476 32,228 35,520 73,483 14,867 66,318 104, 283 35,520 Total In¢ome from charltable actlvltles 35,520 361,084 396,604 507, 793 ToÈ812024 103, 783 404,010 507, 793 Direct costs of operating Ynysgain are included in note 7. GRANTS 2025 2024 Girfguiding UK Sports Grant Duke of Edinburgh Award Lloyds Foundation Garfield Weston Fund Lesley Sell Trust CAF Funding Chiefs Memorial Fund 15,267 12,825 1,537 1,580 3,502 29,338 42,950 2,513 1,682 25,800 1,500 500 500 309 Total 104,283 Page123
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4. INVESTMENT INCOME Restrlctèd Unrestrlcted Total Funds Total Funds fund6 2025 funds 2025 2025 2024 Bank and other interest receivable 3,788 3,788 2,394 Investment Income 6,943 6,943 6, 624 Totsl Investment Income 10.731 10,731 9,018 Total 2024 956 8, 062 9,018 5. COSTS OF GENERATING VOLUNTARY INCOME Restrl¢t•d Unrestrlcted Total Fund8 funds 2025 funds 2025 2025 Total Funds 2024 Publlclty 2,093 2,093 3,562 Total 2024 3, 562 3,562 6. ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES Restricted Unrestrlcted fund5 2025 funds 2025 Total Fund5 2025 Total Funds 2024 General Guiding costs 34,440 221,779 256,219 230,360 Guiding events expenses 52,095 112,535 164,630 243,618 86,535 334,314 420,849 473,978 Total 2024 116,162 357,816 473,978 Page124
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 7. DIRECT COSTS Broneirlon Glrlguidlng Total 2025 Total 2024 Ynysgain trading activities Guiding Intemational trading activities 4,979 118,904 40,747 4.979 118,904 40,747 10,841 158,871 73,906 Total dlre¢t GOSts 164,630 164,630 243,618 Total 2024 243,618 243,618 8. SUPPORT COSTS Glrlguldlng Total 2025 Total 2024 Insurance Light & heat Repairs and maintenance Meeting costs Postage & stationery Training Bank charges Business & water rates Memberships & subscrlptions Telephone Website costs Sundry expenses Wages & salaries National insurance Pension cost Staff welfare Depreciation and impairment 14,672 5,376 244 1,103 3,625 191 500 57,394 400 1,464 7,531 5,204 102,113 3,917 5,569 338 33,210 14,672 5,376 244 1,103 3,625 191 500 57,394 400 1,464 7,531 S,204 102,113 3,917 5,569 338 33,210 11,977 4,240 690 3,186 2,692 232 1,452 2, 550 961 3, 038 5, 534 1,402 119,388 3,504 5,895 72 63,547 Total sUPPOrt costs 242,851 242,851 230, 360 Total 2024 230,360 230,360 Page125
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9. GOVERNANCE COSTS Restrlcted Unrestricted Total Funds funds 2025 funds 2025 2025 Total Funds 2024 Auditors, remuneration Legal and professional fees Trustee meeting expenses 10,643 1,695 10,643 1,695 642 12,927 6,997 1,751 Total govemanco costs 12,980 12,980 21,675 Total 2024 21,675 21,675 10. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE Staff costs Depnllmpalr Other Costs 2025 2025 2025 Total 2025 Total 2024 Expenditure on raising voluntary income 2,093 2,093 3,562 Costs of ralslng funds 2,093 2,093 3,562 General Guiding costs Guiding events 114,362 33,210 98,030 164,360 245,602 164,360 230, 360 243,618 Charitable Activitles 114,362 33,210 262,390 409,962 473,978 Expendlture on governance 12,980 12,980 21,675 114,362 33,210 275,370 422,942 499,215 Total 2024 128, 787 63,547 306, 881 499,215 Page126
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 11. NET INCOME I (EXPENDITURE) This is stated after charging: 2025 2024 Depreciationllmpairment of tangible fixed assets.. wned by the charitable group Auditors, remuneration - audit Auditors, remuneration - non-audit 33,210 8,750 1,893 63,547 9,300 3,627 During the year, no Trustees received any remuneration (2024 - £NIL). During the year, no Trustees received any benefits in kind (2024 - £NIL). 5 Trustees received reimbursement of expenses amounting to £2,434 in the current year {2024 - 6 Trustees £2,126). 12. STAFF COSTS Staff costs were as follows: 2025 2024 Wages and salaries Social security costs Other pension costs 104,876 5,568 3,917 119,388 3,504 5,895 114 362 128. 787 The average number of persons employed by the Charity during the year was as follows.. 2025 2024 no. no. No employee received remuneration amounting to more than £60,000 in either year. Totsl remuneration received by key management personnel in the year amounted to £64.110 {2024.' £60,481). Page127
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FIXED ASSETS Lrrerm Freehold Leasehold Flxtures & Office property Property Flttlngs Equlpment Total Group and Charlty Cost At 1 April 2024 Additions Disposals 1,187,834 530,529 {1,540} 48,845 14,341 10,072 630 1,261,092 631,159 (50,3851 148,8451 At 31 March 2025 1,716,823 14,341 10,702 1,741,866 Doproclatlon At 1 April 2024 Charge for Ihe yèar On dlsposals Impairment loses 414,226 29,836 {1,5401 48,845 9,999 1,640 6,245 1,734 479,315 33,210 150,385) (48,845) At 31 March 2025 442,522 11,639 7,979 462.140 Net book value At 31 March 2025 1,274,301 2,702 2,723 1,279,726 At 31 March 2024 773, 608 4,342 3,821 781, 777 14. FIXED ASSET INVESTMENTS Total Group Market value Al 1 April 2024 37,433 Revalualions {146) At 31 March 2025 37,287 Group Investments at market value comprlse: 2025 2024 Listed investments 37,287 37.433 Page | 28
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. FIXED ASSET INVESTMENTS (continued) All the fixed asset investments are held in the UK. Shares In group undertaklngs Listed Securltles Total Charlty Market value At 1 April 2024 Revaluationsllmpairment 37,433 (146) 37,433 (146) At 31 March 2025 37,287 37,287 Charity investments at market value comprise: 2025 2024 Listed investments 37,287 37,433 Total 37,287 35, 747 As at the balance sheet date, the charity held 265 shares in its subsidiary, Broneirion Limlted. These shares had an impaired carrying value of £nil, while the ordinary share capital w8S Valued at £265 in the subsidiary's individual financial statements. Broneirion Limited remained dormant throughout the year. 15. STOCKS Group 2024 Charlty 2024 2025 2025 Finished goods and goods for resale 24,535 18,507 24,535 18,507 Page | 29
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. DEBTORS Group 2024 Charity 2024 2025 2025 Due within one year Trade debtors Prepayments and accrued income 1,097 71,001 7,292 55,806 1,097 71,001 7,292 55,806 72,098 63,098 72,098 63,098 17. CURRENT ASSET INVESTMENTS Group 2024 Charity 2024 2025 2025 Listed investments 185,458 195,348 185,458 195,348 18. CREDITORS: Amounts falllng due withln one year Included within Accruals and deferred income is deferred income of £47,421 (2024.. £20,813). Deferred income related to deposits h81d 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. Group 2024 Charlty 2024 2025 2025 Trade creditors Other taxation and social security Other creditors Accruals and deferred income 14,747 1,948 1,423 67,177 33.018 2,167 770 34, 545 1,747 1,948 1,423 67,177 33,018 2,167 770 85,295 70, 500 85,295 70,500 Page130
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. STATEMENT OF FUNDS STATEMENT OF FUNDS- CURRENT YEAR Balance at 1 April 2024 Balance at 31 March 2025 Galnsl (Losses) Transfers Income Expenditure Unrestricted Funds Reserves 1,445,954 378,169 336,407 9,775 1,477,941 Restricted Funds Eldrydd Davies memorial fund (M&G) International legacy {M&G) Investment fund Broneirion maintenance fund County bedroom income Sports grant GG UK 1s1 Rasponse grant Garfield Weston Fund CCUK Cost of living grant GG UK Start up grant Guide Association grant GGUK Unit Support Funding GGUK SNUG Grant DofE Resilience Grant CHQ Peer Ed granl Science Project donation Bequest- Dinah Cadogan Bequest- Judy Stuart Safe Space Chiefs Memorial fund Masonic Lesley Sell CAF Unit Funding Lloyds Matched funding 34.677 2,756 29,338 168,603 10,027 33,086 543 2,590 7,513 509 970 995 79 (995) (79) (136} (10) (115) 34,541 2,746 29,223 161,203 10,027 3,754 461 181 58 {7,4001 12,825 (42,157) 182) (5,9111 (7,455) (509) (310) (9,1431 3,502 660 4,857 193 14,000 193 1,537 <1,532) 1,535 1,290 34,382 16,514 1,452 4,106 900 1,535 1,290 31,203 16,126 1,452 (3,179) <388) 309 (4,415) 1900) (500) (1,5801 500 1,580 Restrlcted Funds 350,791 35,520 {86,535) (261 } 299,515 Total of Funds 1,796,745 413,689 (422,942) (10,036 1,777,456 Page131
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. STATEMENT OF FUNDS (continued) STATEMENT OF FUNDS- PRIOR 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 Restrlcted Funds Eldrydd Davies memorial fund {M&G) Intemational legacy (M&GI Investment fund Broneirion maintenance fund County bedroom income Sports grant GG UK 181 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 Spa Chiefs Memorial fund Masonic Lesley Sell Lloyds Matched funding 33,115 2,632 28,017 176,003 10.027 22.241 886 70 {886) (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) (7,692) {2,861> 6,950 3,874 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) (7,178) (5,000) 1,452 4,106 900 333 1,500 1,682 (600) 1,682 Restrlcted Funds 358.107 104,739 (116,162) 3,007 1,100 350,791 Total of Funds 1,750,354 527,584 (499,512) 18,022 1,796,745 Page132
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 19. STATEMENT OF FUNDS (contlnued) SUMMARY OF FUNDS- CURRENT YEAR Balance at 1 April 2024 Balance at 31 March 2025 Gainsl Income Expendlture (Losses) fransfers General funds 1,445,954 350,791 378,169 35,320 {336,407) (9,775) 86,535 261 1,477,941 299,515 Restricted funds 1,796,745 413,689 422,942 10,036 1,777,456 SUMMARY OF FUNDS- PRIOR YEAR Balance 8t l April 2023 Balance at 31 March 2024 G8ins/ Expenditure (Losses) Transfers Income General funds 1,392.247 422,845 104, 739 (383, 053) 116,162 15,015 (1, 100) 1,445,954 3,007 1,100 350, 791 Restricted funds 358, 107 1, 750,354 527,584 499,215 18,022 1,796,745 DETAILS OF FUNDS. CURRENT YEAR The Eldrydd Davies memorial fund was given to provide income for grants towards the costs of International Travel. The Broneirion purch8se and maintenanc8 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 Intemational 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 deveSopment 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 University have provided a donalion to support science projects for Rainbows, Brownies. Guides and Senior Section across Wales. Page133
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 19. STATEMENT OF FUNDS (contlnued) The GGUK Unit Support Funding and Cost of Living are grants from GGUK to support units. The GGUK start Up grant and the GGUK SNUG grant are to help new units with start-up costs. D of E Resilience grant is for equipment for the D of E. The GGUK 1st Response grant is for the costs of the 1 st Response trainer. 20. ANALYSIS OF NET ASSETS BETWEEN FUNDS- CURRENT YEAR Restrlcted funds 2025 Unrestrlcted Total Funds funds 2025 2025 Tangible fixed asset Fixed asset inv8Stments Currents assets Creditors due withln one year 184,557 37,287 77,671 1,095,169 1,279,726 37,287 545,740 185,297) 468,069 (85,297) 299,515 1,477,941 1,777,456 ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR Restricted funds 2024 Unrestrict8d 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 (70,500) 922,384 (70.500) 350, 791 1,445,954 1, 796, 745 Page | 34
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 21. RECONCILITION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net income for the year (as per Statement of Financial Activities) Adjustment for: DepreciationlAmortisationllmpairment charges (Profit) on disposal of tangible fixed assets (Gains}Ilosses on investments Increase in stocks Decrease/(Increase) in debtors (Decrease)lincrease in creditors Other (19,289) 46,391 33,210 63,547 10,036 (6.028) 19.000) 14,795 (10) (18,022) 946 10,625 (40,935) Net cash provlded by operatlng activlties 23,714 62,552 22. ANALYSIS OF CASH AND CASH EQUIVALENTS 2025 2024 Cash in hand 263,637 771,082 Total 263,637 771,082 23. RELATED PARTY TRANSACTIONS During the year expenses were paid to the Trustees relating to travel, event and meeting costs. Total expenses of £2,434 were paid to 5 trustees. 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. Page135
GIRLGUIDING CYMRU NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 24. PRINCIPAL SUBSIDIARIES Bron•lrion Ltd Subsidiary Name Company registration number Basis of Control Equity Shareholding % Broneirion Ltd 04260833 IOOO/o owned subsidiary 100% Total assets as at 31 March 2025 Total liabilities as at 31 March 2025 Total equity as at 31 March 2025 £nil £nil £nil The above company was dormant in th6 year. 25. POST BALANCE SHEET EVENTS There were no post balance sheet events. Page | 36
GIRLGUIDING CYMRU DATGANIAD Y PRIF GOMISIYNYDD AR GYFER Y FLWYDDYN A DDAETH I BEN AR 31 MAWRTH 2025 Mae Guiding yn Cymru wedi ymrwymo i helpu merched a menywod ifanc i ddod o hyd i'w Ilois a meithrin hyder a Iles er mwyn sicrhou mwy o gydraddoldeb rhywiol - gan eu hysbrydoli i ddarganfod y gorau ynddynt eu hunain a'u grymuso i wneud gwahaniaeth cadarnhaol yn eu cymuned. Rydym yn cyflawni hyn drwy gyflwyno rhaglen gyffrous ac amrywiol o weithgareddau dan arweiniad merched drwy ystod o ddulliau dysgu ffurfiol ac anffurfiol sy n cefnogi datblygiad a Iles ein haelodaeth, a hynny i gyd yn cael ei hwyluso gan arweinwyr oedolion dibynadwy sy'n ymwybodol o bwysigrwydd yr iaith a'r diwylliant Cymraeg. Gyda dros15,200 0 oelodau ledled Cymru mewn dros 995 0 unedau, mae ein nodau o'n homcanion wedi aros yn gyson ers ein sefydlu (1910), gan ein bod yn grymuso merched a menywod ifanc i fod ar eu gorau ac yn darparu sgiliau a chyfleoedd i'w galluogi i wynebu y heriou o tyfu i fyny mewn byd cyfartal Ile gall pob merch wneud gwahaniaeth cadarnhaol, bod yn hapus, yn ddiogel a chyflawni eu potensial. Er mwyn cyflawni ein hymrwymiad i sicrhau bod ein harweinwyr yn fodelau r61 ysbrydoledig i'n haelodau ac yn unol a'n strotegaeth ein bod yn cyflwyno rhaglen o safon, mae tim hyfforddi Cymru wedi parhau i gynnig sesiynau i'n haelodau yn rhithiol ac yn bersonol ac mae ein tim cyflenwi Arweinwyr wedi bod ar gael i rannu eu cefnogoeth ag aelodau ar draws ystod eang o bynciau. Mae gan y timau hyfforddi a Chyflenwi Arweinwyr flynyddoedd o arbenigedd a gwybodaeth arweinwyr rhyngddynt ac maent yn adnodd mor werthfawr i'n haelodau sy'n chwilio am gyfleoedd i ddatblygu eu dealltwriaeth o'u profiadau Arweinwyr eu hunain. Mae ein Ilwyddiannau, wrth gwrs, yn dyst i ymroddiad a gwaith caled ein haelodau oedolion anhygoel sy n hwyluso unedau Rainbows, Brownies, Guides a Rangers bob wythnos ledled Cymru. Y pwerdy gwirfoddol hwn o angerdd, sgiliau ac uchelgais i ferched yw'r hyn sy'n galluogi ein sefydliod i ddarparu cyfleoedd a phrofiadau mor newidiol a dylanwadol i'n haelodau ifanc. Mae ymrwymiad ein gwirfoddolwyr, staff, cefnogwyr a rhoddwyr, ynghyd ag egni a brwdfrydedd ein haelodau, yn sicrhau bod y Guiding yn hyderus ac mewn sefyllfa dda i ddarparu rhaglenni a gweithgareddau sy n ysbrydoli ac yn newid bywydau ledled y Dywysogaeth. l ategu rhoi agweddau ar ein cynllun strategol, rydym wedi dewis gweithio mewn cydweithrediad neu bartneriaeth sydd wedi ein golluogi i gyflawni mwy na gweithredu ar ein pennau ein hunain. Mae'r ymddiriedolwyr yn credu bod gweithio mewn partneriaeth yn arbennig o fuddiol oherwydd ei fod yn rhannu arbenigedd, sgiliau ac adnoddau. Rydym wedi ceisio gweithio gyda sefydliadau sy'n rhonnu ein hamcanion hirdymor, Ile mae gan bob un, wrth weithio gyda'n gilydd, siawns uwch o gyflawni eu hamcanion unigol, Ile moe enw da'r partneriaid yn ategu ei gilydd a Ile mae bylchau mewn gallu neu gyrhoeddiad yn cael eu datrys gan y partner. Drwy'r rhwydwaith hwn o gydweithio a phartneriaeth rydym wedi gallu cael mynediad at arbenigedd a sgiliau sydd wedi ein galluogi i gynnig rhaglen Ilawer cyfoethocach oc ehangach o gyfleoedd. Moe merched a menywod ifanc yn dod ar draws stereoteipiau rhywedd ym mhob agwedd o eu bywydau - o'u cyfoedion i'r cyfryngau, gan achosi iddynt newid eu hymddygiad
GIRLGUIDING CYMRU oherwydd y pwysau maen nhw'n ei deimlo i fod neu ymddwyn mewn ffordd benodol, gan effeithio ar eu gallu i ddweud beth mae nhw'n ei feddwl, neu i fod yn nhw eu hunain. Rydym yn parhau i fod yn uchelgeisiol dros ferched a menywod ifanc oc mae ein partneriaeth a Chwaraeon Cymru yn parhau i wella ein rhaglen wrth ddorparu hwyl, antur a her gyda chyllid gan y Loteri Genedlaethol. Trwy r cydweithrediad hwn rydym wedi annog ein pobl ifanc i ddod yn fwy egniol, i archwilio heriau a chwaraeon newydd, wedi'u hyfforddi a'u cymell i tynd a'u diddordeb ymhellach, gan annog ffyrdd iach o fyw, a rhoi cyfleoedd a phrofiadau newydd iddynt gan gynnwys criced, dawns stryd, ff ensio, tenis bwrdd a sglefrio ia. Rydym yn parhou i fuddsoddi m8wn datblygu tim i dyfu Guiding yng Nghymru ac rydym yn canolbwyntio or sawl maes, o atgyfnerthu ein hunedau pres8nnol gyda digon o arweinwyr i agor un8dou newydd, i glirio rhestrau aros ac yn bwysicach fyth rydym yn canolbwyntio ar gadw ein gwirfoddolwyr presennol. Galluogodd cyllid gan Garfield Western or y cyd O Girlguiding yn genedlaethol y prosiect Cynhwysiant a Thwf Arloesi Rhanbarthol i ymgysylltu a chymunedau nad ydym yn eu cyrraedd eto i ganfod dymuniadau ac anghenion eu pobl ifanc yng Ngogledd Cymru. Galluogodd y cyllid gyflogi Swyddog Prosiect a ddilynodd broses ddylunio gwasanaethau, gan gynnwys pobl ifanc bob cam o'r ff ordd gyda'r nod o roi Ileisiau cymunedau heb gynrychiolaeth ddigonol wrth wraidd yr hyn yr ydym wedi'i greu. Mae ein Hymddiriedolwyr wedi ymrwymo i ddarparu sefydliad i ferched a menywod ifanc yng Nghymru Ile maent yn medru cael hwyl ac yn le gyffrous, un sydd hefyd yn dysgu sgiliau bywyd go lawn iddynt wrth iddynt dyfu a datblygu. Mae gan Girlguiding yng Nghymru'r gallu unigryw i wneud i hyn ddigwydd gyda'n partneriaid, a trwy arferion gwaith cydweithredol gallwn sicrhau bod merched yn gallu datblygu, a gallwn barhau i wneud gwahaniaeth i'r cymunedau y maent yn byw ynddynt gan eu gwneud yn fwy cydlynol. Yn 2024, dothlodd yr RNLI ei phen-blwydd yn 200 oed ac fel rhan o'r cyfnod cyn y pen-blwydd hwn, fe wnaethom gydweithio a'r elusen achub bywydau i lansio pecyn her Mayday. Mae'r pecyn yn ymwneud ag addysgu pobl ifanc a'u teuluoedd am ddiogelwch dwr, sy n hanfodol i achub bywydau ar ac o amgylch dwr, ac mae'n rhan graidd o waith atal yr RNLI. Lansiwyd y pecyn Anturiaethau Egniol, a gynhyrchwyd mewn partneriaeth a Sustrans Cymru, i ddysgu'r Rainbows, y Brownies, y Guides a'r Rangers am deithio egn'i'ol. Mae'r her hon i gyd yn yrnwn8ud ag antur egniol defnyddio ffyrdd egniol, fel cerdded, beicio, sgwtero neu beicio, i gyrraedd y Ilefydd y mae angen i ni fynd iddynt. Mewn partneriaeth a Gofal Cymdeithasol Cymru, fe wnaethom gyflwyno pecyn her Gofalwn Cymru a gynlluniwyd yn benodol ar gyfer Guides a Rangers, sy n cyflwyno agweddau niferus proffesiynau gofal. Moe Her Ffensio, mewn partneriaeth a Ffensio Cymru, yn galluogi aelodau i roi cynnig ar rywbeth hollol wahanol drwy gamu i tyd ffensio, camp sy'n cyfuno strategaeth, ystwythder a ffocws. Mae'r her hon yn cynnig cyfle gwych i ddysgu honfodion ffensio mewn amgylchedd hwyliog a chefnogol.
GIRLGUIDING CYMRU Mae ein tim Prif Swyddogion, Bev, Sarah-Jane ac Alice, wedi mynychu Cyfarfodydd Cyffredinol Blynyddol, nosweithiau cyflwyno, sioeau gang cerddorol a digwyddiadau eraill Girlguiding Cymru ledled Cymru oc wedi gweld y mwynhad a'r cyfoethogiod y mae ein rhaglenni'n eu cynnig i'r merched a'r gwirfoddolwyr fel ei gilydd. Mae tim y Prif Swyddogion wedi parhau i gynrychioli a hyrwyddo Girlguiding Cymru mewn fforymau Ileol a chenedlaethol, gan gynnwys y Senedd. wrth i dymor swydd y timau Prif Swyddogion ddod i ben ym mis Hydref 2025, fe wnaethom lansio ein pecyn her fimau Prif 2025 sy'n canolbwyntio ar ddiddordebau a hobiau Bev, Sarah-Jane ac Alice a bydd yn adeiladu ar gyfer ein digwyddiadau yn 2025. Mae Ilwyddiant digwyddiadau oherwydd gwaith caled a phenderfynol y rhai a gymerodd ran. Mae Girlguiding Cymru yn diolch i bawb am eu hymdrechion anhygoel. Mae gan bob digwyddiad Girlguiding Cymru y cyfle i fod o fudd i'n haelodau, boed yn Rangers yn ymgymryd a heriau cyff rous, Guides yn datblygu sgiliau newydd, Brownies yn meithrin hyder, Rainbows yn cryfhau cyfeillgarwch - gyda'n gilydd mae ein digwyddiadau'n creu atgofion i bara oes. Drwy gydol y flwyddyn rydym wedi parhau i gofleidio'r heriau sydd o'n blaenau i adeiladu or yr holl waith ysbrydoledig y mae gwirfoddolwyr, merched, menywod ifanc a chydweithwyr staff yn ei wneud, bob dydd, yn Girlguiding # gqll merched wnoud unrhyw beth. Boverley Martln Prlf Gomlslynydd