Finance Score: 4

Governance Score: 9

Support Score: 2

Liabilities <10%: +3
Excess liquidity: -1
Spending declining: -1
Fundraising costs low: +3

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

Grant maker support: +2

Overall GiG Score: 15

PRIME CYMRU

PRIME Cymru is a registered charity dedicated to providing practical support to people aged 50 and over who want to become and remain economically active. Through our staff, trained mentors and associates we provide clients throughout Wales with tailored one to one support whether they wish to start their own business, return to the workforce or volunteer to develop skills and confidence.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker
This charity has a robust balance sheet
There have been no material income shortfalls in recent years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Financial issues to consider:

Liquidity appeared to be in excess of CC guidelines at the latest year end especially considering the historic stability of income
Spending is declining

Established: 13 years
(23 years as a company)

www.primecymru.co.uk

enquiries@primecymru.co.uk

01550 721813

Charity Commission for England and Wales

Tweets

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
31/03/23		£854	£530	£324	£0	£788	£788	17.8	13	0
31/03/22		£623	£591	£32	£0	£494	£455	9.2	20	80
31/03/21		£668	£614	£53	£0	£464	£462	9	18	85
31/03/20	*	£840	£730	£110	£20	£390	£292	4.8	20	400
31/03/19		£671	£819	£-148	£20	£305	£210	3.1	20	400
31/03/18		£370	£640	£-270	£0	£0	£0	n/a	0	0
31/03/17		£224	£567	£-342	£0	£0	£0	n/a	0	0
31/03/16		£166	£559	£-393	£0	£0	£0	n/a	0	0
31/03/15		£1,789	£460	£1,329	£9	£1,493	£1,420	37.1	13	0
31/03/14		£315	£360	£-45	£0	£0	£0	n/a	0	0
31/03/13		£374	£364	£10	£0	£0	£0	n/a	0	0
31/03/12		£396	£377	£20	£0	£0	£0	n/a	0	0

Show more rows -->

Show financials table -->

Download accounts

Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0.1%
Senior Staff Costs/Total Spending: 19%
Highest pay band: £80,000-£90,000
Liabilities/Assets: 2%
Liabilities/Income: 2%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 17.8 months
Net Current Assets/Spending: 13 months
Quick Ratio: 32.8

Asset Split ?

Listed activities

Economic/Community Development/Employment

How it operates

Provides advocacy/advice/information
Sponsors or undertakes research

Where it operates

Throughout Wales,

Who it helps

Elderly/Old People

Who works here?

13 employees

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
Lloyds Bank Foundation - Grant to Prime Cymru
£73,470	22/09/2017 36	PRIME Cymru works with individuals who are aged over 50 and economic inactive. With staff and volunteer mentors the charity supports them into self-employment, employment and active volunteering as a ....more PRIME Cymru works with individuals who are aged over 50 and economic inactive. With staff and volunteer mentors the charity supports them into self-employment, employment and active volunteering as a first step towards employment.
Lloyds Bank Foundation - Grant to Prime Cymru
£73,470	08/10/2014	PRIME Cymru works with individuals who are aged over 50 and economic inactive. With staff and volunteer mentors the charity supports them into self-employment, employment and active volunteering as a ....more PRIME Cymru works with individuals who are aged over 50 and economic inactive. With staff and volunteer mentors the charity supports them into self-employment, employment and active volunteering as a first step towards employment.
Lloyds Bank Foundation - Grant to Prime Cymru
£27,800	19/12/2011	the salary and associated costs of the Mentoring Co-ordinator including travel, contribution to overheads and management costs
National Lottery Community Fund - LS RCE Rd 8 Older People (50+) Convergence
£376,903	21/09/2011 48	The Life Skills Contract is for a period of 3 years and 6 months at a contract value of Â£376,903. The project will work with 200 individuals over the age of 50 in Wrexham and Flintshire who are ....more The Life Skills Contract is for a period of 3 years and 6 months at a contract value of Â£376,903. The project will work with 200 individuals over the age of 50 in Wrexham and Flintshire who are not in employment, education or training. Through a Consortium approach with B.I.T.C, a flexible outreach service will be delivered to help older people to overcome barriers in accessing and sustaining education, training, volunteering and employment, and achieve their aspirations in those areas.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (6)

Current Trustees appointed

Gender Split

Age Range of Trustees: 43-71

BRIAN CHARLES BIRTLES Appointed: 2016, Occupation: Retired

DR SIAN PHILLIPS Appointed: 2018, Occupation: Medical Practitioner

ELEANOR MARKS Appointed: 2021, Occupation: Director

SARAH ELIZABETH FINNEGAN-DEHN Appointed: 2018, Occupation: Consultant

STEPHEN WEST Appointed: 2021, Occupation: Senior People Partner

VANESSA LEYSHON Appointed: 2021, Occupation: Business Development Director, Other trusteeship: TY HAPUS,

Legal constitution

Charitable company registered in England & Wales on 01/02/2011, number: 1140129
Registered at Companies House on 26/03/2001, number: 04187497

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

12 returns made; AR20: 8 days late,

Main office

MILE END
9 BROAD STREET
LLANDOVERY
SA20 0AR

Objectives

THE RELIEF OF UNEMPLOYMENT PRIMARILY IN WALES BUT NOT SOLELY RESTRICTED TO WALES, THROUGH THE ENCOURAGEMENT OF SELF-EMPLOYMENT, EMPLOYMENT, TRAINING AND VOLUNTEERING TO MATURE MEMBERS OF THE GENERAL PUBLIC WITH A FOCUS ON THOSE OVER THE AGE OF 50, WHO ARE NOT ENGAGED IN PAID EMPLOYMENT, ARE UNDER-EMPLOYED OR FACING REDUNDANCY WHO WOULD BENEFIT THROUGH ENHANCED INCOME, OPPORTUNITIES FOR ENGAGEMENT IN MEANINGFUL ACTIVITY AND THE PREVENTION OF SOCIAL EXCLUSION AND OLDER AGE POVERTY.

Defined Area of Benefit:

UNDEFINED. IN PRACTICE, WALES

Data Sources