Finance Score: -11

Governance Score: 8

Support Score: 1

Low unrestricted reserves: -2
Deficit on unrestricted reserves: -2
Accounts filed more than 5 days late: -2 times
Fundraising costs high: -5

No conflicts policy: -1
Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Grant maker support: +1

Overall GiG Score: -2

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:

There have been no material income shortfalls in recent years
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 gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy

Financial issues to consider:

Unrestricted reserves appear to be dangerously low at the latest year end
There was a deficit on unrestricted reserves of £250,634 at the last year end after deducting the value of own use assets
Accounts have been filed late on 2 occasions over the last 5 years and the current period appears to have been extended
Fundraising costs are extremely high relative to funds raised

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
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	40
30/09/20		£138	£105	£33	n/a	n/a	n/a	n/a	n/a	40
30/09/19		£416	£300	£115	n/a	n/a	n/a	n/a	n/a	40
30/09/18	*	£436	£452	£-16	£0	£0	£0	n/a	0	40
30/09/17		£384	£455	£-71	£0	£0	£0	n/a	0	0
30/09/16		£376	£432	£-57	£0	£0	£0	n/a	0	0
30/09/15		£260	£252	£8	£0	£0	£0	n/a	0	0
30/09/14		£246	£199	£47	£0	£0	£0	n/a	0	0
30/09/13?		£168	£175	£-7	£0	£0	£0	n/a	0	0
30/04/12		£99	£98	£0	£0	£0	£0	n/a	0	0
30/04/11		£109	£104	£5	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 56.1%
Fundraising Costs/Total Spending: 70.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 24%
Liabilities/Income: 9%
Unrestricted Funds/Total Funds: -130%
Reserves/Spending: -6 months
Net Current Assets/Spending: 5 months
Quick Ratio: 4

Asset Split ?

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

Social & legal advocacy

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 works here?

7 employees
40 volunteers

Who's supporting them? ?

Donations from Grant Makers ?

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

Specific Donations

Amount	When Months	To be used for
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 ....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 (6)

Current Trustees appointed

Gender Split

Based on 5/6 persons

Age Range of Trustees: 32-53

DANIEL ROBERT WALSH Appointed: 2020, Occupation: Civil Servant

DEBORAH JANE LLEWELLYN Appointed: 2022, Occupation: Key Account Director

GIANPIERO MOLINU Appointed: 2017, Occupation: Director, Other trusteeship: UK PRIDE ORGANISERS NETWORK,

GARETH DAVID WATTS Appointed: 2022, Occupation: Hr Manager

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

KATHERINE LOUISE HUTCHINSON Appointed: 2022, Occupation: Educator, Other trusteeship: SCHOOLS OUT UNITED KINGDOM,

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

Complaints handling
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

12 returns made; AR21: 60 days late, AR18: 17 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