REGISTERED COMPANY NUMBER: 02268003 {England and Wales) REGISTERED CHARITY NUMBER: 700396 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR KIDNEY WALES CHARITY MHA Statutory Auditor Elfed House Oak Tree Court Cardiff Gale Business Park CARDIFF County of Cardiff CF23 8RS KIDNEY WALES CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees 1 to 30 Report of the Independent Auditors 31 to 33 statement of Financial Activltles 34 Balance Sheet 35 Cash Flow Statement 36 Notss to the Cash Flow Ststement 37 Notes to the Financial Statements 38 to 50 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial slalements of the charity for the year ended 31 March 2024. The Irustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019). Message from our Managing Director As I reflect on the past year, it's clear to me Ihal the environment for the third sector remains as challenging as ever, however our existence and support is needed more than ever by those in the community- Yet, in the face of these difficulties. Kidney Wales has not only persevered but continued to develop and evolve, placing the Kidney Community at the forefront of all that we do. Our success this year is a testament to the unwavering dedication of our supporters, volunteer ambassadors. partner organisalion, tiustees. and the entire staff team. Your hard work and commitment have been instrumental in helping us achieve the ambitious goals we set for oursetves. Despite Ihe ongoing cost of living crisis, we are proud to have provided crucial financial support to 268 patients, distributing £42.3851o those in need. This impact underscores our mission to be a lifeline for those affected by kidney disease in these difficult limes. Internally, we've pushed ourselves to innovate and improve, and never to be comfortable in standing still. Because of this we launched a new website and were able to establish and grow our volunteer ambassador project, ensuring awareness raising of kidney diseases, through those with lived experience filters out across a number of different communty sectors. We remain steadfast in our commrtment to support patients, carers, and families whenever they reach out to us. l am incredibly proud of what we have achieved together over the past year, and l enjoy working for Kidney Wales every single day. I look fomard to building on this success in the future Ross Evans Managing Director Kidney Wales Page 1 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Message from our Chair Having reached a position of financial stability in 2023, following the Covid-19 pandemic, in 2024 the charity has been able to designate reserves to invest not only to meet the increasing demands on our financial assistance grant for patients in need today, bul also for research and projects for tomorrow. Our fundraising strategy is embedded and gives confidence to think ahead to plan new projects and servitss for patients. For example, a renewed collaboration with the Children's Kidney Centre has led to the creation of a bespoke book. the 'My New Kidney Book. to help children prepare for a transplant. In order to reach a wider audience and achieve value for money, we continue to actively look for opportunities to deepen our collaboralion with UK wide kidney charities and those for related long term health conditions., and in increasing numbers, our volunteer ambassadors are educating and raising awareness of members of the public regarding the impact of kidney disease on patients and families. From a governance perspective. in 2024 Kidney Wales bid farewell to Wictoria Wood, a long-standing member of our board who contributed significant HR expertise. and we welcomed five new trustees, with their own perspective of lived experience with loved ones, as well as a strong set of professional skills. Our considerable thanks are extended to the committed patients, families, carers. professionals, researchers, collaborators and fundraisers who are at the heart of everything we do. And on behalf of the trustees, we are enomiously thankful for the group of staff who invest their time, energy and creativity in order to realise our shared ambition to make a lasting impact in the Welsh kidney community. Judith Stone Chair Kidney Wales Page 2 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Vision and Mission Our vision Is to unite the Welsh kidney community to enable pioneering world class care, support and well being services. Our mlssion Education & Awareness Working In Partnership Financial Assistance Research The objectives frjr our work are Io generate and use diverse reSoU￿S sustainably and responsibly to: Deliver education and awareness raising activity Work in partnership with other organisations to enhance the experience and well-being of the kidney community Invest our fvnds in support SeNi￿S and enhancing facilities and equipment to add value to statutory funding and improve patient care and well-being Develop innovative programmes in research for the benefit of kidney patients in the Welsh community We will achieve this by.. With the significant help of our supporters, Kidney Wales helps patients by.. Providing information. advi￿ and assistance to patients and their families Making grants available through a Well-being Fund for patients Working alongside the NHS to invest in targeted support for kidney patients Running research projects that benefit Welsh kidney patients Page 3 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 ACHIEVEMENTS AND PERFORMANCE Meeting our goals in 202312024 All Things Kidney Wales Our Achievements in 23/24 Kidney ¢* Wales Aren £211,866 We distributed in •v•ry wasspintdif•Ctlyon supporting th• Kidniy Community 45 120 sp•Tridir•¢tyon supportinith• kndi•y cornrnunityin W&l•s Earirsw•ll-b•ing ou¢h•r5 268 pali•nls linanciallysupponi610 pu￿h8$1 Ih•irwi•klylood shopping, •njo¥som• r4spit• andwthit•msw hilp•v4ryd3ylivin9 £42,385 18 103 w•llb•ing food VDuchirs islributid 10 thos• m05ttt ni•d in thi kidn•y comnwn •ciossWJl•$ uniismsitid •¢mss Wal•s byPiii•ni Inl4maiion and Supportmanayir 12 r•l•rr•lsrnad• I￿11n81 partniF R•)ch•d o¥•r iivl Kidn•yWal•s Ambassadors, KidfiiyWalBsAfflbè5sador wèr•n•s5 iélks p•opl• Kidneu Raseoi"ch W• launchq6Durn•w Ilfsialk co# ol Imng n•w Ttust115w•lcom•d to Dtsrknird website and 5hai•d onYouTub• 44 133 W¥ tunded and launchidthi ¥ttind•istora holid)y nn•r5 r•pr•s•ntid Ktdniy Wil•s(nth• CtrditF Iok My New Kidney Book Wales onlini andh05tidwith dn•yCar• UK Thi incorn• w• rnisidtFQrn •￿•Mal grJnt¥rovid•r5tDlJll•d.. Th• in¢orn•w• rais1dl￿atl#é'. £120,876 £267,674 Thank youl Thank youl Supporter Feedback eceived "Thankyovlorsortino ihis OLrttorn d8d.we reallyapptetkile IhewDikwu all th a￿￿etITI£l2n£v1sam￿I￿q Thiswll 9Nomydad a bDUSI of life andcomlort." l am YJ qraieful lor lisienityear atml yuu q0in9èbDveandkn￿d 10 lindmB Ihe riahi suppcfi.- "You have been such agreai help then l ￿e feli very hsi. Ihe suppoTI and paiieTKeyou ha¥e5hown has been wffltsilul. Thankyov." "Thelile lin8 you guys hav8 Iliiown has beonamalino lor mywhole family "AveryknowledoeableambasS2doi with apowerful siory. -Inspiiinq and ¢￿￿￿elY￿￿ty ple￿lation Thankyouforshariry your 51DIY. 'Volunteering 15 a gre￿thIn910dO li ake5 you leel quod. you friends. lrea1lyencour￿e anyoneW￿5 IhinkinqabouivolunTrering logoahead I do li Page 4 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 PATIENT SUPPORT Provlding Patlent Support when needed During 2023124 we have worked tirelessly to ensure that patient support is available whenever it's needed, across Wales, led by our dedicated Patient Information and Support Manager. ￿ether you're a kidney patient, parent, carer, or family member, we're here to assist with any queries, no matter how big or small. We￿e provided support on a range of issues, including financial advice, like benefits and grants, cost of living assistance, diet guidance, parent and carer support, foodbank parcels, mental health resources, and even holiday dialysis information. Our commitment is to be a reliable source of help and reassurance for the kidney communify, when needed. PATIENT SUPPORT *4 New Patients Supported Units Visited Lets Talk Sessions 50 19 AREAS OF SUPPORT NEEIIED BY NEW PATIENTS SUPPORTED SOCIAL OTHER 14.7°A INFORMATION 17.5% FINANCE ADVICE 54.9°A HEALTH 7.3% Page 5 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Financlal Asslstance Grants During April 2023 and March 2024 Kidney Wales Charity has supported 319 patients, through either one of their grant projects or directly by the Patient Information Support Manager. FINANCIAL ASSISTANCE GRANTS Financial Assistance Grants ' Wellbeing Food Vouchers Carers Wellbeing grants 45 103 120 Our financial assistance grants are to help support kidney patients when they are experiencing financial hardship. I grant per 12 months to a maximum of£500 The purpose of the Kidney Wales Wellness Voucher Scheme is to provide a pot of funding to buy supermarket food vouchers to meet individual needs. I voucher per household of £100. Personalised wellbeing vouchers to unpaid carers of children living with kidney disease up to the value of £150 per household to enable respite, improve physical and mental wellbeing and help build resilience to sustain the caring responsibility. £*2.385 TOTAL VALUE OF GRANTS PAID OUT DURING THE YEAR Page 6 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Pan Wales In 202312024. Kidney Wales has made significant strides in transforming its image from a South Wales-centric organisation to one with a truly Wales wide focus. This shift has been athieved through dedicated collaboration wilh renal social workers across all regions of Wales. Working hard to forge string working partnerships, Kidney Wales has substantially increased the distribution of financial assistance grants and well-being food vouchers, ensuring that support reaches kidney patients throughout the entire country. This expanded outreach reflects the organisation's commitment to addressing the needs of all Welsh communities, fostering grealer inclusivity and impact in its mission. Anglesey Blaenau Gwent Bridgend Caerphilly Cardiff Currently 30 % of our grant applicalions come from patients from the Cardiff area. with 10Q/o coming from Wrexham. 30% Carmarthenshire Ceredigion 0% Conwy Denbighshire Flintshire Gwynedd MerthyrTydfil Monmouthshire Neath Port Talbot Newport 12% Pembrokeshire Powys Rhondda Cynon Taf Swansea 8% Torfaen Vale of Glamorgan Wrexham io% Other Page 7 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 My Kidney Book 'My New Kidney Book, provldlng much-needed supportalong the transplant journey forchildren and theirfamilies. In 2024 we wanted to increase the support thal we offered children across Wales, and one way in which we did this was to commission and unveil the bespoke'my New Kidne￿, Book to Support Children's Transplant Journey. The "My New Kidney. book was launched as a brand-new resource, designed to help children in Wales navigate the kidney transplant process. Created in collaboration with the "Get Better Books" team and staff at the University Hospital of Wales (UHW) children's kidney unit, this personalised book aims to resonate with Welsh children's unique eXperien￿S. "Get Better Books," known for their work with Great Ormond Street and Alder Hey Children's Hospitals, brought their expertise to this project. "My New Kidney" is an interactive tool that offers a child-friendly guide to the transplant prO￿$s. Children can colour. write, and draw within the book, making it a personalized and engaging experience. A complementary book, "The Passport., is available for older children and teenagers, featuring photos and maps of Ihe University Hospital of Wales to help them farniliarise themselves with key locations. Each child receives "My New Kidney" in a special pack, including coloured pens and a bag for organization. Cara, playworker at the Children's Kidney Centre in Cardiff, shared that the books are already benefiting families, providing much- needed support along the transplant joumey. New Kldnèy srfdcome to;. i (Jsldren s Hospltaii". 'rwtr •reJH ot tbo oipic•i you wlll get to •lL. Get Bette BOOKS Kidney e• Wales Aren Page 8 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Projects funded in 202312024 PROJECT TIMELINE Financial Assistance Grants Carer Wellbeing Vouchers Food Vouchers Apr Alport patient social day 1000 fistual caps New website launch Jun 500 r￿tUal bands Transplant Football Team Aug Fairthorn Trip CKC Unit UKKW Conference Volunteer Project Oct Dec Art Course - delivered by the tea pot trust Calciphylaxis Feb Toy Appeal 50 -my Kidney Book World Kidney Day - Senedd Event Islam Faith Webinar Mar 50 - My kidney passport Page 9 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Kidney Wales Volunteer Ambassadors In the past year, Kidney Wales has continued to champion the cause of kidney disease awareness and education. reaching communities across the nation. A pivotal development Ihis year was the recruitment of our new Volunteer and Community Engagement Officer. This role has been instrumental in driving forward the incredible work of our Volunteer Ambassadors, who have become the heart of our outreach efforts. We have been able to re-energise the Volunteer Ambassador Programme, providing our ambassadors with updated welcome packs, comprehensive induction documents, and a rebuilt training programme. These enhancements ensure that our volunteers are well-prepared and supported in their vital roles. Training & Development Our training resources have been completely overhauled, with a renewed focus on communicating the knhy. behind our charity's mission. We've ernphasised the impact of CKD on the lives of those affected in Wales. Volunteers re￿iVed in- house public speaking training, refresher sessions, and 1-1 support through a buddy system, ensuring they are confident and effective in their roles. Volunteer Retention Maintaining volunteer engagement has been a priority. We've introduced clear communication channels, monthly drop-in sessions, and regular follow-up emails to keep our volunteers informed and involved. Additionally. we've launched recognition and reward iniliatlves. including social media shoutouts, celebraling volunteer achievements, and offering Tempo time credits to acknowledge their valuable contributions. Volunteer Roles & Engagement dnèu 4 Aren Wolès We've expanded volunteer opportunities. reintroducing the admin volunteer role, advertising on platfomis like Cardiff Met Hub and Volunteering Wales. and updating the volunteer page on our website. A new volunteer posler, designed with community input, and a social event during Volunteers Week have also helped lo bolster volunteer engagement. OLir Ll Stc)[) Pi-occss lo i'oliiiilcJc)i-Iiio STEP I Express your inlerest ihrou9h our w8kn.te STEP2 Chat with our volufttèertn9 offie0r to •xplor• your 90015 and our roles STEP3 Schedule on Induction. STEP 4 Bo?k ony tole specilic trol￿n9 I'oii rc) Iloll. (I CftrSA 'oliiiilL)L)r Page 10 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Kidney Wales Volunteer Ambassadors Talks & Presentations Our team conducted a series of talks across various locations, directly reaching communities and stakeholders. Notable events indude= Jayne Bryant, MS Newport West Office John Griffiths, MS Newport East Hospital of Wales Ynyshir & District Working Men's Club Mynachdy Community Centre Trap Wl Age Cymru Zokit Business Network Amazon Day Heath Park Community Centre Women Connect First AMBASSADOR STATS Ar•n Wales u2Jn Active Ambassadors Talks Held Stands Held Page11 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 These engagements have been pivotal in raising awareness and fostering community relationships, and we thank all individuals and organisations for allowing us the time to present. Aren I Su5tainabillty Pledges Page 12 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Volunteer Engagement & Community Building Creating a sense of community among our volunteers has been key to Iheir continued engagement. Initiatives like'monday Motivations" and opportunities for volunteers to connect have fostered a positive and supportive environment. We've also ensured that volunteers feel valued by recognizing their contributions across various platfomis and events. Information Events To further our educational efforts, we launched several information evenls, including our first webinar on Holiday Dialysis held on March 181h which took place in collaboration with Kidney Care UK. These events are crucial in spreading awareness and providing essential information to those affected by kidney disease. Kidney Wales Aren HOLIDAY DIALYSIS WEBINAR W•ld15ctsssMW•ts bothknlhw UK POiSPgClih 18 MARCH 2024 12-00- 14:00 FREEWEBLILIR World Kidney Day 2024 Kidney Charities Together Group For 2024 we continued to work in collaboralion with the Kidney Charities Together Group (Kidney Research UK, Kidney Care UK, Popham Kidney Support, PKD Charity, National Kidney Federation & UK Kidney Association). World Kidney Day KIDNEYS I . MATTER MARCH WORLDKIDNEYDAY.CO.UK 2024 As we did in 2023. the campaign was delivered primarily through social media and online plafforms, and was used to educate the general public so that they could learn how kidney disease could affecl them, and what a devastating impact it can have on those living with Kidney disease. Page 13 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 This years campaign saw the introduction of the 'My Kidney Hero, competition, where members of the kidney community were encouraged to submit storied of their kidney heroes. The process involved saw over 80 submissions, being shared, showcasing the immensely string support the kidney community shows one another. At random a winner was selected, and Mariann shared herjourney with us all. Mariann's Transplant Joumey Meet Mariann Alexander, an extraordinary woman battling kidney disease, whose transplant journey is one of great resilience and heartfelt sentiment. Mariann persevered Ihrough eight challenging years of declining health and energy, followed by 15 months of undergoing dialysis, before receiving what she describes as her'new life" Her journey wasn't without setbacks. After experiencing the disappointment of a promised donor kidney falling through. Mariann's hope for a return to nomiality seemed dim. However, a glimmer of hope emerged when she recalled a promise made by her Uncle Jeff. Marianns full story can be read here,. hll s.'Ilwww.worldkidne da .co.uklkidne -heroes1 Senedd Event For the second year in succession, in 2024, Kidney Wales made a significant visit to the Senedd in Cardiff Bay, accompanied by dedicated volunteer ambassadors. The event aimed to raise awareness about kidney disease and its impact on individuals and families across Wales. By engaging with policymakers and the public. Kidney Wales and its ambassadors highlighted the Importan￿ of early detection. trealment options, and support for those affected by kidney disease. , Ill Kidrjey w￿eS eu es Page 14 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Raising awareness of Organ Donation amongst South Asian communities Again we looked to collaboration to drive fO￿ard our work. Kidney Wales and Kidney Research UK partnered to deliver a series of online webinars aimed at raising awareness of kidney disease within South Asian communities in Wales. The initiative began with a multi-faith launch webinar, bringing together diverse voices to discuss the impact of kidney disease across different cultures and religions. This was followed by targeted webinars focusing on Ihe faiths of Islam, Hinduism, and Sikhism, addressing specific concerns and promoting education within these communities. The collaboration highlights the importance of culturally sensitive approaches in healthcare awareness and support. Kidney Aren Wales e.% Cumru Rewrch UK Islam Faith Webinar Log into this special event hosted by Kidney Wales & Kidney Research UK, discussing the Islam faith and organ donation. Wednesday 21 February 2024 6PM-7.30PM What does the Islam faith state about organ donation? Is organ donation permissible? How does the Welsh organ and tissue law affect me and my family? yoin Zoom Meeting- Meeting ID: 836 2705 3085 Passcode: 984170 Funded by Blood and Transplant NHS Page 15 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Research Develop Innovatlve programrnes in research for the benefit of kldney patients in the Welsh community. Thanks lo our supporters we were able to continue investing into much needed research for the Kidney Community. In 202212023 we made a strategic change to our research funding approach. and for the firsl time we agreed a formal partnership with Kidney research UK, committing £65,000, to support PHD studentships in Wales. During 202312024 the partnership with Kidney Research UK has flourished, and both PHD studentships are progressing well, showcasing how in partnership we can increase the research taking place within Wales itself. Dr Soma Meran Investigating novel mechanisms that drive ¢ardiovas¢ular disease in kidney patients; the relationship between systemic inflammation, altsrations in Hyaluronan matrix and vascular calcification in arteries. Soma has appointed an excellent first class honours graduale, from Swansea University following advertisement and interview. The student Dylan J Roche-Dugmore started his PhD studenlship on 1 October 2023. Operationally. Professor lan Humphreys Investigating nutritional amino acid regulatlon of antiviral immunity in kidney transplant patients. lan has appointed a graduate with an Integrated Masters degree from York University. The student Rowan Casey has also started his PhD studentship on 1 October 2023. With the success that has been achieved early on in our new partnership with Kidney Research UK, we made the decision to continue into 202312024 and agreed to joint fund an additional piece of work which will be led by Professor Smeeta Sinha and Dr Sharion Huish entitled, Calciphylaxis: a qualitative study of patient experiences. Calciphylaxis: a qualitative study of patient experiences Calciphylaxis is a rare yet serious condition most commonly seen in people having dialysis (estimated to effect less than 1 0/0 of dialysis patients per year). Sadly. around 5 in 10 people diagnosed will die within 12 months. Calciphylaxis happens when small blood vessels in and around the skin become blocked by a build-up of phosphale and calcium. This causes painfvl skin ulcers which can lead to serious infections. There is no specific treatmenl yet that is shown to work. Frequent dialysis (as much as daily) is a common Irealment. This is a burden for patients who are likely to be in pain, unwell, and may be struggling emotionally. Research into this condition is important. Previous studies have focused on identifying causes and treatment options. This study aims to explore experiences of patients (something overlooked in existing studies). People from across the UK with a current or previous diagnosis of calciphylaxis will be invited to take part in a research interview. Due to the rarity of the condition (expected small patient numbers) the experiences of families and carers may also be drawn on. Interviews will take place in person, on the phone or via video call. The conversation will be recorded, typed up and evaluated to identify common occurrences and suggestions. We hope to interview 10-20 people. The hope is to leam about 1) people's experience of diagnosis 2) the care and support they received 3) what would have helped. Results will be shared with both patients and healthcare professionals. ee Research Tltles in collaboration with Kidney Research UK Calciphylaxis: a qualitative study of patient experience5 Investigating novel mechanisms that drive cardiovascular disease in kidney patients: the relationship between systemic inflammation. alterations in Hyaluronan matrix and vascular calcification in arteries. Investigating nutritional amino acid regulation of anttviral immunity in kidney transplant patients. Kidney '" Aren Wales e.q• Cymru Research UK 99 Page 16 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Why do people say 'no' to a kidney transplant? Understanding patient declslon making and choice. Emma continues to worf( towards the end of her vola PDH entitled. Why do people say 'no' to a kidney transplant? Understanding patient decision making and choice. Emma is a renal nurse and has 21 years of nephrology nursing experien￿. having worked in Belsi Cadwaladr Universit Health Board as a clinical nurse specialist in pre and post renal transplant nursing, home haemodialysis and peritoneal dialysis. and as a haemodialysis nurse. Emma has a Diploma in Renal Nursing, a Bsc Specialist Practitioner Renal Degree. and an Msc in Advanced Clinical Practice. Emma is currently undertaking her PhD at Ban or Universit exploring how people with kidney failure make decisions about kidney transplantation and their experiences of declining the opportunity of having a kidney transplant. Emma is passionate about renal nursing and providing exceptionally high-quality care, and progressing the provision of services that are equitable to all kidney patients and their families. She is particularly interested in patient choice, decision-making, and shared decision-making. An update from Emma... Where am I currently with my research? l am now in the final stages of writing up my research study findings and the project is coming lowards the end of completion. I have inteNiewed and collected data from 30 people who shared their experiences of kidney transplant decision-making, and reasons why they did not want to have a kidney transplant. People from Wales, England and Ireland were included in the study, and were recruited through their kidney teams participating NHS Health Board siles, or through responding to Ihe study advertisement. In Touch IV3 4. Aren KidneTJ rf* Wales Page 17 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 LOOKING AHEAD What wlll we do In 202412025 Our Focus for 202412025 Kidney ¢• Wales Aren . Significantly increase the urgent financial assistance & wellbeing vouchers support we offer, by increasing our budgetary allocations from the previous year. . Launch our newAdult Carers wellbeing voucher scheme. . Continue to deliver transformational research, in collaboration with our partners Kidney Research UK committing £60,000 to co-fund Nurse led research. . Use engagement sessions to help us better understand those that we support, and whatthey need from us. . Build longer term engagement with our supporters, by continuing to provide excellent stewardship and developing stronger relationships with individuals and corporate organisations. . Grow our volunteer ambassador programme, continuing to deliver information, education. and awareness sessions across a variety of sectors. Continue to SUPPOTt all of our volunteer ambassadors. Ensure we are meeting patient requirements at key points of need with our information and support provided from our patient information & support manager. . Partner with Diabetes Cymru, to deliver a preventative awareness campaign. . Continue to work with the Kidney Charities together group, delivering a l+VKD awareness campaign. . Develop our organisationalvalues. Page 18 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Fundraising & Income Generation Be￿een April 2023 and March 2024, we have worked hard to raise a total of £122,126 from grants we have applied for. allows us to hit a tolal income level of £364,000. Where our money came from in 2023-2024 (£) Fundraising 147,111.00 Grants 122,126.00 Legacies 94,763.00 Page 19 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 How our money was spent in 2023-2024 For every £1 that the charity spends, 60p goes towards directly supporting patients and their families of CKD DIRE CHA NDIT BLE IN ECTC EXPEN ARITABLE TURE 3p RAISING THE NEXT £ Page 20 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Two Major fundraising events delivered The 2023-2024 period has been marked by Iwo major fundraising events that not only brought our community together but also significantly contributed to our mission of supporting kidney patients across Wales. On Sunday, 3rd Seplember, the much-anlicipated retum of the Cardiff 1 OK saw 5.000 runners taking on the challenging route Ihrough the city. The event, lined with thousands of supportive spectators. took place on a beautiful, albeit wam), day. As the headline charity partner. Kidney Wales was prominently featured throughout the event, and we were thrilled to raise a fantastic £35.767. This success is a reflection of the incredible community spirit and dedication to our cause. Later on in the year, on Friday, 1 st March, we hosted the Kidney Wales Murder Mystery Event at the Parkway Hotel in Cwmbran. The evening was a tremendous success, wilh 122 enthusiastic guests joining us for an unforgettable night of intrigue and entertainment. The event generated an impressive £11,700 in income, with expenses amounting to £6,483. This resulted in a net profil of just under £5.300, a vital contribution to our ongoing efforts. Page 21 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Thank you to our amazing fundraisers 14 lJ411AII Page 22 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Thank you to our amazing fundraisers *0• i• Grant Income During 2023- 2024 we were fortunate enough to raise £122,126 thanks to the opportunity of applying for grant fvnding. We would like to express our deepest thanks lo all the organisations and Irusts listed below. Through their philanthropic support we have bene able to increase the levers of support we can offer the Kidney Community across Wales during 2023-2024 Postcode Lottery - £15,473 of funding for wellbeing food vouchers as well as the cost of the salary of our patient infomiation and support manager for 1 day per week for 12 monlhs. John Andrew Charitable Trust- £25.000 of unrestricted funding donated. Amser programme administered by Carers Trustwales £26,675.00 awarded to cover staff salaries and provide 120 wellbeing vouchers for parents I carers of children living with kidney disease in 23124. Following this successful pilot year in 23124. we were approved for continuation funding for our wellbeing carers vouchers for parents of children living with kidney disease during the 24125 financial year. The total value of funding from the Amser Programme administered by Carers Trust Wales for the 24125 is £30,450.00. This Carers Voucher will enable and encourage me to 'Step OUV and have a breL7th. Allows me to 'reset' and recharge my batteries, in order to support my son. e well-being vouchÈr5 were a wonderful little surprlse me. Itn7eontrny full time corlngrole, formyson wos voluedondrecognised. Itshowed howdifflcultond morionally dn7iningcoring foryour childcon be ond thut reatin£yourself 15 ollpwedondnecessoryroo! It otso for e. highlighred the need forselfcore which I hoftestlydont rioritj5e while putting my son's needs fitsrundforemos£i,s can't rhankkirlneywo1é5 ond thegrontenough for I ¢7dingjoyand muklngme ondorhercorers hoppy. Page 23 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Abbvie for £6,945.25 to cover the increased figure budgeted of the wellbeing food voucher project that has not already been funded by a grant application. We were awarded £3,000. One Stop Cornmunity Fund- Grant awarded £250 to purchase Christmas gifts for the Children visiting the Children's Un¢t. St Davids Toy Appeal - Applied to be part of the 2023 St Davids Toy Appeal - a collection of toys was donated and delivered to the Childrens Unit for the Children. . hove loved these drawing sessions. Hea. reollygot stuck in and done it and interacted with everyone. I've loved sitting in the ockground and listening to him. It s lovely ro hearhim tolking obout how he feels, Tea Pot Trust-The second of our Virtual Art Therapy online courses has concluded. The group consisted of 6 young people aged be￿een 6 and 8 years of age. As the weeks progressed the group bewme more interactive and supportive to each other sharing their experiences of their health condition and issues around this, particularly hospital visits, injections and blood test. The feedback once again has been incredibly positive. Examples of some of the Art produced in the sessions. Page 24 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Flnancial position Income generated over the financial year totalled £364.000, compared to £543,898 the previous year. This is a decrease of £179,898, mainly down to the decrease value of legacies during the year. The Charity continues to receive funds from many different sources. Generally, most of the funds raised are generated from fundraising events (£147,111) and we continue to work hard to have successful grant bids to help fvnd projects. The main sources of income for the Charity include general donations, grants, legacies, fvndraising events, and gift aid. Donations for the year totalled £20,543 which is a decrease from previous years (£43,756). The Charity benefited from £94,763 of legacy gifts which was a decrease from last year (£341,184) However, our fijndraising evenls income has increased on last year, £99,279 compared to £78,640 the previous year. The main increase relates to Ihe Murder Mystery Dinner held in March, alongside an additional £10k raised at the Cardiff 10K event compared to the previous year. This has also led to an increase in Gift Aid from £5,219 the previous year to £11,222 this year. We are also now receiving a good rate of retum on money in our bank, after diversifying our accounts. Interest for the year lotalled £16,049 compared to £1.603 the previous year. Dirrft Expenditure Expenditure for the year is £351,442 increased from last years (£340,888). This increase in costs is due to Ihe charity using its reserves to increase its recourses to enable Kidney Wales to directly help and support the palients of the Kidney Community, with the increase in grant funding, addition of a patient information support manager and the Volunteering & Community Engagement Officer to increase awareness of CKD and Kidney Wales Charity. Wellbeing £127.834 Finan1( Assisttsn¢• Gronts £56.989 Total Expenditure Promolion. Education and Awurene$s £351,442 £92,275 D￿dExP￿T￿ltur• È296ffj17 Research Oth•rtrod•ng Adi¥•ti•s £54025 £19.519 Overall, Kidney Wales Charity ran at a profit of £12,558 compared to a profit of £203,010 in 2023. This has resulted in a carried forward value of reserves of £931,760. Page 25 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Staff Wellbelng Our People and howwe work as team Kidney Wales As a smaller third sector organisation, Well-being is the golden thread running through our ambitions as an employer and we aim to ensure that, as an employee ofKidney Wales, all of the staffing team feel valued and will share in the pride and satisfaction of our collective achievements. ee Recognizing the importance of a supportive work environment, we have actively listened to feedback from our team and have recently implemented several changes to enhance the way we work. These adjustments reflect our ongoing dedication to fostering a positive and collaborative atmosphere, ensuring that our staff a￿ well-supported as they continue to make a meaningful impact in the lives of those affected by kidney disease. A swltch to home worklng is keeping colleagues highly motivated and creating a productive and positive worklng envrlonment for the team to thrlve In Kidney j Aren Wales o.& Cymru 99 ee At the start of the year. following a detailed review we took the decision to close our Cardiff Office space, and move to a home working environment. At the same time as we updated our flexible working policy to fitwith the thange to home worked and ultimately create an environment that allows the team to work at their best. Becoming a flexible working employer helps us retain the best people, build a strong cohesive team and deliver exceptional work to advance our organisational goals and support the Kidney Community across Wales as best we can. Increase lTrannual leave alloc•tlorn foifowlng cowtrttnuous ernployn*fftL Intwoduced staff Well-Belng days. Each memlw of staff wlll beableto take up to 4well.b•lngdoys acro55 th• talendary￿r. Staff can work ¢ompress•d hour5 Kidney ' Wales Aren 99 We also took the time to introduce a number of additional changes to support the well-being of the team. We have also invested in a new patient and fundraising database, making use of the Beacon system. This new database that gives our staff better dala and insight when needed and enables us to provide a better experience to our supporters. Page 26 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Investment policy and objectives Under the Memorandum and Articles ofAssociation. the Charity has the power to make any investment which the trustees see fit. The trustees have considered the most appropriate policy for investing funds, and they believe that holding funds in deposit accounts meets their requirements to generate income without seriously restricting access lo funds in the medium term. In light of the Coronavirus pandemic, and the consequential impact on the fundraising environment for all charities, the trustees include at every Board meeting a review of cash flows for three years, in order to assess whether the charity remains a going concem. Changes continue to be made during the 22123 financial year to minimise expenditure during this difficult financial period and help sustainability of the organisation. Reserves policy The trustees are aware that the Charity must monttor closely changes in the economic environment and make appropriate responses to safeguard its own financial position. The Charity continues to strive to make the best possible use of all incoming resources to ensure that il is able to deliver upon its stated objectives. The reseNes policy of Kidney Wales recognises that we hold reserves to ensure we can manage= Financial impact of risk - Working capital Contractual obligations - research, supplier contracts restricted and designated funds. To ensure that there is no significant disnjption to our Charitable activities, holding appropriate reserves will enable Kidney Wales to respond to any unforeseen reduction in income. or additional expenditure. We have based our projections for the appropriate number of reseNes we require on the basis Ihat the reserves in our target range would provide short-lerm until long-temi solutions can be established. A detailed review of the financial risks we fa￿ is monitored on an ongoing basis, within the quarterly Finance and Govemance Subcommittee meetings. Our assessments on the possible financial impact of those risks have been incorporated into the reserves range we have calculated. The target range for reserves is > 14 months. This will allow for Kidney Wales to more than meet the minimum advised by the Charity Commission without having to notify them of significant incident, such as risk of controlled closure. The Board will be advised as part of the subcommittee RAG guidan￿. The Board of Trustees Considers this target range provides suiTicient flexibility in the context of operational requirements, for Kidney Wales and its beneficiaries. Restricted funds would be highlighted as part of this. There will therefore be= - Free reserve funds Designated funds Restricted funds Structure and Governance Objects of the Charity The Charity's objects, as stated in the goveming doGuments, are to relieve in cases of need of persons resident in Wales (and elsewhere in Britain as the directors from time to time decide) who are suffering from a renal disease or diseases by the promotion, provision maintenance and improvement of renal units in hospitals, schools of medicine and universities by the provision therein or in connection there with of any equipment, laboratories, facilities or personnel whatsoever calculated to relieve such persons and by the promotion of medical research into renal and other diseases. Goveming document The charity is a company limited by guarantee, registered number 700396. and is governed by its Memorandum and Articles of Association, and a charity registered with the Charity Commission, number 2268003. Trustees The following individuals have been members of our Board of Trustees during the past year. The board currently consists of 12 Trustees. As an organisation we seek to have a variety of skills on our board, and we monitor the skill mix and length of Servi￿ to ensure we keep a good balan￿ on the board and are able to plan- succession in a timely manner. Page 27 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 In our2023 at ourAGM Victoria Wood stepped down as a Trustee, and Emma Jones, Mike Weir, Eleanor Speer, Richard Jenkins and Nathan Hazell were appointed to the board. Title First name Judith Surname Reliredlchair ointment Chairperson Deputy Chair erson Stone Dr David Williams Dr Mike Stephens Wood Victoria Retired 30111123 Gail Davies Billy Hugh Ben Stephens Jones Hughes Jones Ernma Mike Weir Richard Jenkins Nathan Hazell Eleanor Speer Our board of tfustees meet a minimum of4 times per year, and are supported by the following sub committees, People & Culture, Fundraising, Projects & Implementation, Finance & Govemance. Recruitment and appointment of new trustees All directors are ttustees. A truslee can propose the appointment of a trustee. On a proposal, a vote shall be taken, and approval shall be obtained through a simple majority- Induction and training of new trustees New trustees are provided with an induction pack and are given initial training by the Managing Director and further training as and when required. Organisational structure Kidney Wales is a pan Wales organisation. Kidney Wales is a pan Wales organisation. with the operational team being home based. During 23124 this team comprised of the Managing Director, Patient Information & Support Manager. Finance & Operations Manager, Income Generation & Events Manager, Communications Officer and Volunteering & Community Engagement officer. Key management remuneration Key management remuneration is sel as part of the budget approval process confirmed by the trustees through the People & Culture Sub Committee. The salaries are set taking into account the level of responsibility, benchmarking against salaries paid in similar organisations and the current rate of inflation. Rlsk management The trustees have complied with their duty to identify and review Ihe risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page 28 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 02268003 (England and Wales) Registered Charity number 700396 Registered office Elfed House Oak Tree Court Cardiff Gale Business Park CARDIFF CF23 8RS Auditors MHA Statutory Auditor Elfed House Oak Tree Court Cardiff Gate Business Park CARDIFF CF23 8RS Solicitors Hugh James Hodge House 114-116 St Mary Street CARDIFF CF10 4PX Bankers HSBC 56 Queen Street CARDIFF CF10 2PX Page 29 KIDNEY WALES CHARITY REPORT OF THE TRUSTEES POR THE YEAR ENDED 31 MARCH 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES Th8 Iruslees (who &r8 also the director5 01 Kldney Wales Charity for the purposes ol company L4wl are responSi￿e for preparin9 Ihe Report of the Trusiees and the financial stalÉmenls in acctsrd*nce wilh applicabl8 law and United Kingdom Ac¢oun4ng Sland8rds (Unlled Kingdom Generally Accepled Accounling Praclicel. Company law requlres the iwslee$ lo prepafe financial slaternents for eath fln8ncial y¢ar which glve a true and fair view of th8 stale ol affairs ol the charitable company and of the inGoming ￿sOurc8S and apslicalion ol resources, including lh8 In¢ome and expenditure, ol the charitable company for Lhat period. In preparing Ihosg financial statements. the trustees are ￿quI￿￿ to select suitable g￿0vnI1ng policies and then opply them consistently.. observe the m6ihods 8nd principles in the Charity SORP., make judgements and estimates thai are reasonable and prudonl.. prepa￿ the financial slalemenls on the going concem basls unless It 15 Inappropriate lo presume Ihal Ihe charllable company will continue in business. The trustees arè rèsponsiblè lor keeping proper 8ccounting ts¢ords which dts¢lose with reasonable #ceurary al any lime the financSal position of the charitable company and to enable them lo ensure that the f*nanual statements ¢omply with ￿e Companies Acl 2006. They are also responsIb￿ for safeguarding the assets ol the Charitable company and hen¢e lor laking reasonable slèp$ for th• prevention and deleclion of fraud and olh•r Irregularili*s. In so far a$ the trustees a￿ aware.. Ihere is no relevant audil inlorm8llon ol whi¢h the charilable company's audilors are unaware.. and the truslees h8V$ taken step5 that they ought lo have (aken lo make themselves aware ol any relevanl oudil inforrnation and lo establish th81 Ihe auditors are aware of tha¢ information. jl ...10 L.4...... and &gued on its behalf b￿. Approved by order Board ol Trustees on . m$- Tw5100 Page 30 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KIDNEY WALES CHARITY Opinion We have audited the financial statements of Kidney Wales Charity (the 'charitable company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement 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 Accounling Standards (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial stalements.. give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming resources and application of resources, induding its income and expenditure. 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 Companies Act 2006. Basis for opinion We conducted our audit in accordan￿ with Inlernational Stsndards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordan￿ with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriale to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to evenls or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least ￿e1ve 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 Snformation The trustees are responsible for the other infomation. The other infomiation comprises the information induded in the Annual Report, other than the financial statements and our Report of the Independent Auditors 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 fomi of assuran￿ conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial ststements or our knowledge obtained in the audit or othetwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whelher this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a matertal misststement of this other information. we are required to report that facl. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion. based on the work undertaken in the course of the audit.. the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consislent with the financial statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respecl of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or retums adequate for our audit have not been received from branches not visited by us- or the financial statements are not in agreement with the accounting records and retums; or certain disclosures of trustees, remuneration specified by law are not made., or we have not received all the information and explanations we require for our audit., or the trustees were not entilled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Page 31 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KIDNEY WALES CHARITY Responsibilities of trustees As explained more fully in the Statement of Trustees. Responsibilities, the Iruslees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlernal control as the trustees dete￿ine is necessary to enable the preparation of financial statements that are free from material misststement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concem. disclosing. as applicable. matters related to going con￿rn and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative bul to do so. Our responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Audilors 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. Misstatemenls can arise from fraud or error and are considered material if, individually or in the aggregale, 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 specific procedures for this engagement and the extent lo which these are capable of detecting irregularities, including fraud is detailed below.. We evaluated management's incentives and opportunities forfraudulent manipulation of the financial statements (including the risk of override of controls) and detemiined that the principal risks were related to posting inaccurate journals. We addressed these risks by carrying out specifically targeted procedures, which included-. Enquiries of management. those charged with governance around actual and potential litigation and claims., Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness and evaluating Ihe business ralionale of significant transactions outside the normal course of business., Reviewing minutes of meetings of those charged with governance., Evaluating the reasons for any large or unusual transactions- Reviewing financial statement disclosures and testing to supporting documentation to assess Complian￿ with applicable laws and regulations.to underlying supporting documentation. Because of the inherent limitations of an audit there is a risk that we will not delect all irregularities. including those leading lo a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements as we will be less likely to become aware of instances of non-complianTr. The risk is also greater regarding irregularities occurring due to fraud rather than error. as fraud invofves intentional concealment. forgery, collusion, omission or misrepresentations. A further description of our responsibilities for the audil of the financial statements is localed on the Financial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Independent Auditors. Page 32 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF KIDNEY WALES CHARITY Use of our report This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to slate to them in an auditors, report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the challtable company's members as a body, frjr our audit work, for this report, orforthe opinions we have fomed. Julia Mortimer (Senior Slatulory Auditor) for and on behalfof MHA Statutory Auditor Elfed House Oak Tree Court Cardiff Gate Business Park CARDIFF County of Cardiff CF23 8RS Date: Page 33 KIDNEY WALES CHARITY STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 115,306 115,306 384,940 Charitsble activities Wellbeing Promotion, Education and Awareness Administrative support Financial Grants 12,500 27,433 41,022 39.933 41,022 60,320 11,176 2,000 12,500 28,671 41,171 Other trading activities Investment income 110,519 16,049 110.519 16,049 83,859 1,603 Total 266,874 97,126 364 000 543,898 EXPENDITURE ON Raising funds Other trading aclivities 53,825 1,000 54,825 67,004 53,825 1,000 54.825 67,004 Charitsble activities Wellbeing Volunteer Promotion, Education and Awareness Research Wellness Financial Assistance 203,268 35,052 35,566 77.592 12,629 75,523 35,691 14.683 6,890 52,311 21.028 92,275 19,519 127,834 56,989 Totsl 255,530 95,912 351.442 340,888 NET INCOME Transfers between funds 11,344 1,214 11,175) 12,558 203.010 20 Net movement in funds 22,519 (9,961) 12.558 203.010 RECONCILIATION OF FUNDS Totsl funds brought foNard 902,101 17.101 919.202 716,192 TOTAL FUNDS CARRIED FORWARD 924.620 7,140 931,760 919.202 The notes fomi part of these financial statements Page 34 KIDNEYWALES CHARITY BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Totsl funds Unrestricied funds Restricted funds Noles FIXED ASSETS Intangible 3ssel$ Tangible as$els 15 16 10.496 1.618 10.496 1,618 2.202 2.582 12.114 12,114 4,784 CURRENT ASSETS Debtors Cash al bank 17 28.181 925.776 28.181 982.980 47.063 930.185 57.204 953,957 57.Z04 7,011.161 977,248 CREDITORS Arnounls falllng (Juo wllhin vne year 18 (41.4511 150.0641 191.5151 162,8201 NET CURRENT ASSETS 912506 7.140 914.418 TOTAL ASSETS LESS CURRENT LIABILITIES 924.620 7.140 931.760 919.202 NET ASSETS 924,620 7,140 931,780 919.202 FUNDS Unrestricted funds Reslricled funds 20 924,620 7.t40 902,101 17.101 TOTAL FUNDS 931.760 979202 These ftnancial st8temenis have been prepared in occordance wllh Ihe provisions appllcable to tharilabl8 companies sublect to th• small companies reglme. The financial sl8lemenls wer8 approvad by lh& Board Of TNslees and aulhort$ed lor issue on..... d wérè sigfted on all by.. . Trust88 The notes form part ol these financial statements Page 35 KIDNEY WALES CHARITY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations Interest paid 55,138 6,242 181,903 Net cash provided by operating activities 48,896 181,903 Cash flows from Investing activities Purchase of intangible fixed assets Purchase of tangible fixed assets Interest received (11,261) {889) {1,163) 1,603 Net cash provided by investing activities 3,899 440 Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 52,795 182,343 930.185 747,842 Cash and cash equivalents at the end of the reporting period 982.980 930.185 The notes fomi part of these financral statements Page 36 KIDNEY WALES CHARITY NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net income for the reporting period {as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received Interest paid Decreasel{inGrease) in debtors Increase in creditors 12,558 203,010 4,820 (16,049) 6.242 18.882 28,685 3.228 (1,603) (29,108) 6,376 Net cash provided by operations 55,138 181,903 ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 930.185 52.795 982.980 930,185 52.795 982,980 Total 930,185 52,795 982,980 The noles fomi part of these financial statements Page 37 KIDNEY WALES CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 STATUTORY INFORMATION Kidney Wales Charity is a registered charity and private company limited by guarantee having no share capital, incorporated in Wales in the United Kingdom. The registered office is Elfed House, Cardiff Gale Business Park, Cardiff, CF23 8RS. The nature of the company's operations and principal aclivities is disclosed within Ihe Report of the Trustees. The financial statements are presented in Sterling (£), the company's functional currency, and rounded to the nearest pound. The significant arxounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless othe￿iSe stated. ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the Charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial slatements have been prepared under the historical cost convention. There have been no material departures from Financial Reporting Standard 102. Going Concern No material uncertainties relaled to events or conditions that may casl significant doubt uporb the entitys ability to continue as a going concern exist. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. This includes capital grants. Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement. Other trading activities income is recognised as the related services are provided and there is enlillement, probability of receipt and the amount can be measured with sufficient reliability. Income is deferred when the amounts received are in advance of the delivery of the setvice or event to which it relates. Investment income is recognised on a receivable basis. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure. 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. ￿ere costs cannot be directly attribuled to particular headings they have been allocated to activities on a basis consistent with the use of resources. Raising funds costs includes all expenditure incurred by the charity to raise funds for its charitable purposes and includes costs of fundraising activities, events and non