Finance Score: -1

Governance Score: 6

Support Score: 4

Liabilities <10%: +3
Reasonable growth: +1
Fundraising costs high: -5

Good trustee age range: +3
Dynamic board: +3

Overall weighted support: +4

Overall GiG Score: 9

CARDIFF WALES LESBIAN GAY BISEXUAL TRANSGENDER MARDI GRAS

Pride Cymru works to promote equality and diversity for public benefit in the elimination of discrimination on the grounds of sexual orientation, gender identity, race or religion including but not exclusively by raising awareness of equality and diversity through an LGBTQ arts festival, creating a sentiment of equality/diversity by offering training and holding the Pride Cymru Foundation Grant.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been reasonable growth in spending over the last 3 years relative to the previous period
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and dynamic in terms of composition

Financial issues to consider:

Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
30/09/23		£741	£658	£83	£505	£275	£439	8	11	40
30/09/22		£632	£502	£130	£354	£193	£-251	-6	7	40
30/09/21	*	£105	£91	£13	n/a	n/a	n/a	n/a	n/a	n/a
30/09/20		£138	£105	£33	n/a	n/a	n/a	n/a	n/a	n/a
30/09/19		£416	£300	£115	n/a	n/a	n/a	n/a	n/a	n/a
30/09/18	*	£436	£452	£-16	n/a	n/a	n/a	n/a	n/a	n/a
30/09/17		£384	£455	£-71	n/a	n/a	n/a	n/a	n/a	n/a
30/09/16		£376	£432	£-57	n/a	n/a	n/a	n/a	n/a	n/a
30/09/15		£260	£252	£8	n/a	n/a	n/a	n/a	n/a	n/a
30/09/14		£246	£199	£47	n/a	n/a	n/a	n/a	n/a	n/a
30/09/13?		£168	£175	£-7	n/a	n/a	n/a	n/a	n/a	n/a
30/04/12		£99	£98	£0	n/a	n/a	n/a	n/a	n/a	n/a
30/04/11		£109	£104	£5	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 68.2%
Fundraising Costs/Total Spending: 76.7%
Highest pay band: Less than £60,000
Liabilities/Assets: 7%
Liabilities/Income: 3%
Unrestricted Funds/Total Funds: 159%
Reserves/Spending: 8 months
Net Current Assets/Spending: 5 months
Quick Ratio: 11.3

Asset Split ?

Balance Sheet History

Established: 14 years

www.pridecymru.co.uk

hello@pridecymru.com

02922677124

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
General Charitable Purposes
Human Rights/Religious Or Racial Harmony/Equality Or Diversity

GiG Classification

Legal & financial advice

How it operates

Makes grants to individuals
Makes grants to organisations
Other charitable activities
Provides advocacy/advice/information
Provides services

Where it operates

Throughout Wales,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Postcode Community Trust - Unrestricted Funding
£24,930	29/09/2023	Funding enabled Pride Cymru to employ part time staff with skills in areas that desperately needed additional commitment and time dedicated to.
National Lottery Heritage Fund - Grant to Cardiff & Wales LGBT Mardi Gras trading as Pride Cymru
£6,600	20/11/2020	#15 Lost LGBT+ Cardiff
National Lottery Heritage Fund - Grant to Cardiff Wales Lesbian Gay Bisexual Transgender Mardi Gras
£6,400	24/11/2017	LGBT History Month Cardiff Hub 2018
National Lottery Community Fund - Bold Beginnings, Bright Futures
£234,960	25/01/2017 36	Bold Beginnings, Bright Futures
National Lottery Heritage Fund - Grant to Cardiff Wales Lesbian Gay Bisexual Transgender Mardi Gras
£30,300	26/08/2016	Making Our Own World: Inspirational figures for LGBT+ people in reality and fantasy
National Lottery Community Fund - Moving Mardi Gras Forward
£189,895	23/01/2013 36	The project will fund the development of the Cardiff Mardi Gras. The project will allow the organisation to appoint its first member of staff to drive forward the festival to ensure hard to reach groups of the LGBT community are engaged and ....more The project will fund the development of the Cardiff Mardi Gras. The project will allow the organisation to appoint its first member of staff to drive forward the festival to ensure hard to reach groups of the LGBT community are engaged and supported. It will also aim to engage the wider community. In doing this, it hopes to increase understanding, improve cohesion and reduce hate crime.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (5)

Current Trustees appointed

Age Range of Trustees: 33-54

DANIEL ROBERT WALSH Appointed: 2020, Occupation: Civil Servant

GIANPIERO MOLINU Appointed: 2017, Occupation: Director

GARETH DAVID WATTS Appointed: 2022, Occupation: Hr Manager

KATHERINE LOUISE HUTCHINSON Appointed: 2022, Occupation: Educator

LISA MARIANNE CORDERY-BRUCE Appointed: 2021, Occupation: Nurse

Legal constitution

Charitable company registered in England & Wales on 03/09/2010, number: 1137744
Registered at Companies House on 09/04/2010, number: 07217979

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Engaging external speakers at charity events policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

13 returns made; AR21: 60 days late, AR18: 15 days late,

Main office

Naunton Jones Le Masurier
Office 10 Workspace Penarth
Albert Road
Penarth
Vale of Glamorgan
CF64 1FD

Objectives

THE PROMOTION OF EQUALITY AND DIVERSITY FOR PUBLIC BENEFIT BY -A. ELIMINATION OF DISCRIMINATION ON THE GROUNDS OF SEXUAL ORIENTATION, GENDER, RACE, DISABILITY OR RELIGIONB. RAISING AWARENESS OF EQUALITY AND DIVERSITY THROUGH AN ARTS FESTIVALC. CULTIVATING A SENTIMENT IN FAVOUR OF EQUALITY AND DIVERSITY

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, LOCAL

Data Sources

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