This has been a year of transition and strong delivery for the Bevan Foundation. We completed a planned leadership change with a rigorous recruitment process and welcomed Dr Steffan Evans as Chief Executive in September.
Dr Evans has continued to build on the work of his highly regarded predecessor, Dr Victoria Winckler. Under new leadership, the Foundation sustained its output of rigorous, evidence‑based work that continued to shape public debate and policy across Wales.
Over 2025-26 financial year, that output included 11 substantive reports, 14 briefings and 36 topical articles, and ran 26 seminars, webinars and training sessions - many available in Welsh - ensuring our research reached policymakers, practitioners and communities and meeting our charitable objectives.
Our work on child poverty, social security, housing and immigration secured significant attention. We convened a major conference on child poverty, contributed to government advisory groups, and provided written and oral evidence to Senedd and UK parliamentary inquiries. Notably, our campaigning and coalition work contributed to the UK Government’s decision to remove the two‑child limit on benefits and to Welsh Government decisions to increase childcare funding and adjust eligibility thresholds for devolved support.
During the year we have strengthened board practices and governance processes, benefiting from external support funded by the Lloyds Bank Foundation, to ensure we were fit for the significant change in leadership at the charity and ready for the whatever challenges and opportunities lay ahead amid a fast changing political landscape.
Financially, the Foundation remains on a stable footing with multi‑year funding in place for core programmes. Trustees will continue to monitor the balance between restricted and unrestricted funds, ensure transparent reporting of reserves and confirm that carried‑forward grants are matched to planned activity.
I thank our staff, partners, funders and trustees for their commitment. As we move into 2026/27, the Board has been focused on our strategy for the coming four years and providing the strong governance and rigour to provide the framework in which the staff team can continue to inform policy and support a fairer Wales.
The trustees are pleased to present their annual directors' report together with the financial statements for the charity for the year ended 31 March 2026. The report also meets the requirements for a directors' report and accounts for Companies Act purposes.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and Accounting and Reporting by Charities: Statement of Recommended Practice.
Objects and aims
The purposes of the charity are:
To advance in Wales the education of the public in the economic, social and political sciences and their effect on public policy and the policy making process,
To promote research in these fields and disseminate the useful results of such research.
Over the year, the Bevan Foundation has fulfilled these purposes by providing high quality, independent analysis of social and economic trends in Wales, and by offering impactful and deliverable proposals for progressive change.
The Trustees are delighted that the charity’s insights and recommendations have informed many organisations’ work and that many of our recommendations are being implemented by the Welsh Government, local authorities, and other charities and other organisations, as well as informing the general public. In this way, the Foundation is making a real and lasting difference to poverty, inequality and injustice.
During 2025-26, the Trustees have continued to have full regard to the Charity Commission’s guidance on public benefit. They have ensured that the Foundation significantly increases collective knowledge and understanding by using robust methods of data collection (qualitative and quantitative) and careful analysis, and by presenting its findings to a broad range of people and organisations. The Foundation’s independence and non-partisan position are valued across the political spectrum as well as by those with no political allegiance.
The Trustees have ensured the Foundation’s activities are accessible to as many people as possible. The majority of its publications and events are free of charge, and if there is a charge it is modest with free places available for grassroots groups. The Foundation has increased its Welsh language output, and is an active contributor to Welsh language media.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Leadership Changes
The 2025/26 financial year was a year of great change for the Bevan Foundation. At the end of 2024/25, the Director, Victoria Winckler, indicated her intention to retire in September 2025. Following a rigorous recruitment process the Foundation’s Head of Policy (Poverty), Dr Steffan Evans was appointed CEO and began in his new role in September.
The Foundation had a huge output and impact over 2025-26. Achievements included persuading the UK Government to scrap the 2 child limit on benefits, the Welsh Government to increase funding for childcare, working with communities to develop local solutions to poverty and seeing many of our key ideas set out in party manifestos ahead of the 2026 Senedd election.
During a busy year in Welsh politics the Foundation put issues on the policy agenda. These included the need for a new approach to child poverty, the urgent need to boost the supply of social homes for people in temporary accommodation, the crisis in immigration legal advice, and the continued challenge facing people on low incomes.
The Foundation’s success during the year was underpinned by a high volume of excellent quality outputs. In total, it published eleven substantive, evidence-based reports (of which eight were in Welsh as well as English). It also produced fourteen briefings (of which six were in Welsh as well as English), and 36 online articles on topical issues. It also funded two pieces of expert analysis for external experts. Its online and face-to-face events helped to reach a wider audience, with 26 open seminars, webinars and training sessions being organised over the year. The Foundation’s events and training continued to reach a large audience with online events typically attracting 50 attendees. A particular highlight of the year was the in person conference on child poverty which attracted more than 70 people, including some excellent speakers.
The Foundation continued to make a significant contribution to public policy, submitting written evidence to one Welsh Government consultation and one Ministry of Justice consultation. It continued to participate in government advisory or working groups, including Welsh Government groups on Welsh Benefits, Discretionary Assistance Fund, the fuel poverty advisory group, the Legal Aid Network, EU Citizens Forum, and legal aid group.
In the Senedd, the Foundation’s evidence and ideas were influential across all political parties. It was mentioned by name by Senedd Members and other organisations on 66 occasions in 2025/26. It submitted four pieces of written evidence to Senedd Committee inquiries, and also gave oral evidence to several inquiries. The Foundation participated in Senedd cross party groups on human rights, fuel poverty and housing, and provided the secretariat to the cross-party group on poverty. This was achieved despite the Senedd business shifting to focus on the upcoming Senedd election over the course of 2025. The Foundation also submitted two pieces of written evidence to UK parliamentary select committee inquiries and given oral evidence at 3 sessions.
The Foundation enjoyed a high media profile over the year, commenting in broadcast and radio programmes such as BBC Wales’ Politics Wales, Breakfast, Drive Time and Wales Today programmes, ITV Wales news, S4C’s Newyddion and Radio Cymru’s breakfast and evening news programmes. It also secured extensive digital and print coverage, including in UK outlets as well as Welsh media such as the Western Mail and Walesonline, BBC News and BBC CymruFyw, Nation.Cymru, South Wales Argus, the Will Hayward newsletter and many local newspapers and websites, too numerous to mention.
1. Economic and social rights
The Foundation was pleased to continue its work, funded by the Legal Education Foundation on economic and social rights. This funding has underpinned its activity on living standards, housing, and immigration, and boosted its capacity to work with people with lived experience of an issue.
2. Solving Poverty
The Bevan Foundation was pleased to continue its partnership with the Joseph Rowntree Foundation in 2025/26. The JRF’s generous support has enabled the Foundation to provide vital insights into challenges faced by low-income households and change policy and practice that help to end poverty.
Child poverty
In March 2026 the Foundation held a set piece conference, Child poverty: What’s next for Wales? The one day conference was extremally well attended and provided delegates with an opportunity to set out a vision for what the next Welsh Government could do to make more meaningful progress in tackling child poverty, whatever the result of the Senedd election. The event coincided with the publication of a new report by the Foundation, which looked at new ways of eradicating child poverty in Wales. The report drew heavily on much of the Foundation’s work over recent years, including making calls for establishing child poverty targets, introducing a Welsh Child Payment and boosting the provision of funded childcare.
Good quality childcare can help to reduce the barriers to work faced by parents especially parents of young children. In August 2025 the Foundation launched a briefing paper at the National Eisteddfod, outlining its ideas about what changes it would like to see to the childcare system appear in political party manifestos ahead of the 2026 Senedd election.
The Foundation also received some funding from Children in Need over the course of 2025/26 to recognise the Foundation’s time contributing to an Advisory Panel for some of their work on child poverty.
Living standards
The Foundation continued to highlight standards of living in Wales through a survey commissioned from polling company YouGov in September 2025, which showed how many households are struggling to afford the essentials. The Foundation also published an analysis of relative income poverty based on the Households Below Average Income dataset. The findings generated considerable interest in the media, Senedd and wider public, and are a key source of up-to-date information.
To enable other organisations to develop their own insights into poverty in their area, the Foundation delivered online training sessions, all of which have were well-received and which are continuing in 2026/27.
Social security and benefits
The social security system provides a lifeline to people on low-incomes, although it has many gaps. In November 2025 the Foundation achieved a major policy success when the UK Government announced that it would scrap the 2 child limit on benefits across the UK from April 2026. The Foundation had long campaigned for the abolition of the cap with organisations across the UK with the decision anticipated to reduce child poverty in Wales by three to four percentage points.
Working with Policy in Practice the Foundation also drew attention to the potentially significant impact of the UK Government’s proposed changes to disability benefits in Wales. The work garnered extensive media interest with the UK Government amending its plans following concerns being raised by a range of organisations about its potential impact.
Various devolved grants and allowances complement the social security system, and thanks to the Bevan Foundation’s campaigning, three key local schemes are being brought together as part of the creation of a Welsh Benefits System. Following cross-party agreement and a charter between Welsh and local government early in 2024, the Foundation now participates in several Welsh Government groups overseeing implementation.
The Foundation also made the case for the value and eligibility thresholds of devolved grants and allowances to be increased by the rate of inflation. As a result, the Welsh Government announced in March 2026 an uplift to the maximum household earnings for eligibility for Education Maintenance Allowance, meaning that 1,500 more low-income 16-18 year-old learners will get £40 a week.
The Foundation has also consistently highlighted the value of crisis support provided by the Welsh Government through its Discretionary Assistance Fund. The Foundation sits on an advisory group, established by the Welsh Government, which has enabled it to inform practical changes to ensure that the scheme works more effectively.
Modelling a Wales without poverty
In 2024/25 the Foundation gratefully received donations from the Wales TUC, Welsh Local Government Association, Community Housing Cymru and Unison towards the costs of modelling different interventions to reduce poverty in Wales. The work was completed in 2025/26 with a report published by Policy in Practice in July 2025.
Increasing awareness and understanding of poverty
The Foundation undertook extensive activities to increase awareness and understanding of poverty across 2025/26. The Foundation acts as the secretariat to the Senedd Cross Party Group on poverty, enabling a range of organisations to share their insights on poverty with Senedd Members.
During the year the team have spoken at multiple events including a stand and fringe event at Welsh Labour conference, two main stage debates and two fringe meetings at the Plaid Cymru’s spring and autumn conferences, a fringe at the Welsh Local Government Association’s conference, and conferences and events organised by Pembrokeshire Council, Community Housing Cymru, National Energy Action and Citizens Advice, Clwyd Alyn Housing Association, Transport for Wales, a debate at the National Eisteddfod and many more.
The Foundation also supported the Joseph Rowntree Foundation with their Poverty in Wales report. The Foundation’s team provided expert advice to the JRF and supported in arranging an in person launch event in Cardiff as well as contributing to a JRF webinar.
Net zero and poverty – transport
The Foundation has made significant progress on its work on net zero and poverty over the course of the year. In September 2025 we published a report on how net zero transport policies could deepen or reduce poverty, depending on what actions are pursued by the Welsh and UK Governments. The report has been extremally well received and we will be looking to build on this through 2026.
Local action
Over the course of 2025/26 the Foundation undertook a major programme of work in partnership with Rhymney Valley Foodbank. Working with the foodbank and partners in Caerphilly we develop an anti-poverty strategy for the local authority area with a launch event in March 2026.
2. More and better homes
The Foundation’s work on more and better homes continued thanks to the Lloyds Bank Foundation for England & Wales, the Nationwide Foundation and a new funder for the year, the Oak Foundation.
Children in temporary accommodation
Some 2,500 children lived in temporary accommodation in March 2025 with lasting, harmful consequences. While the long-term aim is that no family should be without a permanent home, at the end of 2024/25 the Foundation began a short project to explore what might reduce the impact of living in temporary accommodation. The Foundation is grateful to the Children’s Commissioner for Wales, Cymorth and National Education Union for their contributions towards this work. This project concluded in September 2025 with the publication of an extremely hard-hitting report which outlined practical measures that could be taken to reduce the harm experienced by children and their families. We know from feedback from local authorities that a number have already changed their day to day practices whilst we are hopeful of seeing broader reforms to the temporary accommodation system through 2026/27.
Moving on from temporary accommodation
The Foundation continued work on a three year project to find solutions to help people to move on from temporary accommodation and into a permanent home, funded by the Lloyds Bank Foundation for England and Wales and in partnership with Shelter Cymru.
A key focus of the work over 2025/26 was exploring how changing housing tenure can boost the supply of move on accommodation. The Foundation received high levels of external engagement as part of its work in this area with a report outlining our key findings published in March 2026. This work, as well as our broader activity on this three year project has informed our engagement with key politicians, at local, Welsh and UK levels. The Bevan Foundation’s insights into social housing were widely covered by Welsh media and informed debate in the Senedd. They are being taken into account by Welsh Ministers and officials, as well as by political parties preparing their manifestos.
Taxes on land and property
In 2025/26 the Foundation received funding from the Nationwide Foundation to explore how devolved powers over taxation are used in Wales with regards to property and land. The report published by the Foundation at the conclusion of this work in October 2025 has proven to be extremely influential as it provides a holistic overview of how the taxation system works in Wales on property, how it differs in different parts of the country and the implications of this for the housing sector. This work will also inform the Foundation’s ongoing housing work through 2026/27.
Affordable homes for marginalised groups in Wales
2025/26 saw the Bevan Foundation start work on a new three-year Oak Foundation funded project looking at boosting the supply of affordable housing for marginalised groups in Wales. The project is focusing in particular on how the availability of affordable housing for single adults, disabled people and larger families can be improved. These are three of the groups that face the greatest challenges in finding long term, affordable accommodation. In year one the primary focus of our work has been on single adults with our first reports due to be published in 2026/27.
4. Migration and Justice
The Bevan Foundation continued its work on migration and justice during the year, with two key projects. The rights of people subject to immigration control are complex and are changing rapidly. Access to good quality, timely advice is more important than ever if people are to be able to exercise their rights. And while immigration is not a devolved matter, access to advice is within Welsh Government’s responsibilities.
Access to justice on immigration
2025/26 saw the Foundation’s work on immigration advice, go from strength to strength. The work was funded by both the Justice Together Initiative and the Welsh Government. The main focus of activity was improving access to legal advice. Working in partnership with our experts by experience panel (a group of people with lived experience of the immigration system, including asylum seekers and refugees) the Foundation published five reports over the course of the year. These included reports mapping the availability of legal provision and recommendations developed by people with direct experience of the system. The work culminated in March 2026 with the publication of a strategy for developing the immigration advice sector in Wales.
During the year the Foundation also reacted to changes in UK Government policy, publishing a briefing on the UK Government’s proposals to increase the standard qualifying period for settlement and on the Border Security, Asylum and Immigration Bill.
The charity also undertook activity to ensure access to justice was a political priority ahead of the Senedd election. In addition to publishing a briefing outlining its key calls the Foundation’s migration team contributed to a fringe session at Welsh Labour Conference and arranged a fringe meeting on access to justice for migrants at Plaid Cymru’s spring conference. This was on top of engaging with Senedd business e.g. by submitting consultation responses on an ongoing basis.
Reducing poverty amongst people with no recourse to public funds (NRPF)
The charity continued to urge the Welsh Government and Welsh local authorities to make greater use of their powers to support people with No Recourse to Public Funds (NRPF). We published a briefing outlining the actions we would like to see the next Welsh Government commit to on this issue, including continuing our calls to extend eligibility for Free School Meals in secondary schools to pupils from low-income families with who are currently denied a school lunch. This built on a briefing published earlier in the year showing the impact of NRPF on child poverty.
With support from the National Lottery Community Fund the Bevan Foundation worked to develop three rights guides. Working in partnership with people with NRPF and organisations that support them, the Foundation produced three rights guides informing people of their rights in relation to children and young people in education, support to families with NRPF in crisis and emergency financial support.
The Foundation also undertook activity, funded by the Welsh Government to explore the experiences of people with NRPF of poverty. The aim of the activity was to inform the Welsh Government’s review of its Child Poverty Strategy.
Guardianship of unaccompanied children
The charity continued to work with the Children’s Legal Centre Wales and The Children’s Society to call for a Guardianship Service for all Unaccompanied Children in Wales. Following the Welsh Government Minister for Social Care’s commitment to review the issue in the current Senedd term, the Foundation has been working with officials on implementation and published a briefing on implementation in April 2025.
The Trustees are pleased that the Bevan Foundation’s financial position has continued to strengthen over the year. Total income is in line with 2024/25, at £615,334. Total expenditure increased compared with 2024/25, to £588,075, largely reflecting additional activity.
Most of the income and expenditure was in restricted funds. As several charitable trusts and foundations provide grants in advance of expenditure, the Foundation has carried forward £392,086 in restricted funds into 2026/27. The charity was able to hold some of the income received in advance of requirements in high interest bank accounts, earning £12,263 interest over the year.
There Foundation’s unrestricted funds were in a positive position in 2025/26. Thanks to an increase in contributions towards the general fund from restricted funds the Foundation recorded a surplus of £12,952. The charity ended the year with £133,538 in unrestricted funds of which £80,000 is for designated purposes.
Trustees aim to maintain at a minimum unrestricted funds equivalent to at least three and ideally six months’ unrestricted expenditure. The trustees consider that the minimum level of reserves would provide sufficient funds to cover support and governance costs in the event of unforeseen circumstances or a shortfall in funding.
At the end of 2025/26, the Foundation had unrestricted and undesignated funds of £53,838, which is equivalent to 7 months unrestricted expenditure. It also had £80,000 in designated funds which could be made available in certain circumstances.
Risk management
The Trustees regularly examine the major strategic business and operational risks which the charity faces. The major risks continue to be reliance on a small staff team and uncertainty around funding especially its core costs.
The Trustees set an outline budget for the financial year and monitor income and expenditure against the budget each quarter, revising it as necessary. The Chief Executive in addition reports on monthly income and expenditure to the charity’s Treasurer. The Trustees consider that this is adequate for the scale and current financial health of the charity.
The day-to-day management of the charity is delegated to the chief executive. The charity receives general advice on charitable matters through its membership of the Wales Council for Voluntary Action and through regular updates from other organisations.
Financial instruments
Objectives and policies
The charity's activities expose it to several financial risks including credit risk, cash flow risk and liquidity risk.
Credit risk
The charity’s principal financial assets are bank balances and cash, trade and other receivables.
The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
Activities in 2026/27 are largely in place thanks to multi-year funding from several Trusts and Foundations. The Foundation is continuing its work on poverty, including child poverty and social security benefits as well as engaging with the new Welsh Government. It is maintaining a strong programme of work on housing and homelessness. On migration, as well as taking forward its plans to increase the provision of immigration legal advice, it is also undertaking new work, funded by Welsh Government, to produce practice guides on NRPF.
The Bevan Foundation is a charitable company limited by guarantee, incorporated on 7th March 2001 and registered as a charity on 8th June 2004. The company was established under a Memorandum of Association, which established the objects and powers of the charitable company, and is governed under its Articles of Association.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:
The directors of the company are also charity Trustees for the purposes of charity law and are known under the company's Articles of Association as Trustees. The Articles of Association provide for up to four Trustees to be elected for a four-year term at the Annual General Meeting following an open call for nominations. Vacancies can also be filled by co-option by the board, such co-option to run until the date of the next Annual General Meeting.
At the 2025 AGM, Richard Williams stood down as Trustee. Bishop John Davies and Shavannah Taj were re-elected to serve a four year terms as trustees at the same meeting. Later in the year however, Councillor Anthony Hunt, Bishop John Davies and Shavannah Taj all stood down as trustees following many years of service.
All Trustees have an annual appraisal in which training and development needs are identified. The Foundation delivers continuous support programme, including in depth induction for new Trustees. During 2025/26, Trustees and staff took part in separate sessions on good governance and managing change with an external facilitator. All Trustees are regularly informed about charity matters via regular newsletters from the Charity Commission, Wales Council for Voluntary Action and other sources. Trustees are invited to participate in appropriate external training and development opportunities that may be of interest. During the year, the Trustees continued its commitment to becoming an anti-racist organisation, with an external facilitator engaged to work with the Foundation on this towards the end of the year.
Arrangements for setting key management personnel remuneration
The charity’s trustees give their time freely and none received remuneration in the year. Trustees’ expenses may be reimbursed in line with the charity’s expenses policies and are disclosed in the note to the accounts.
Bevan Foundation staff salaries (but not other terms and conditions) are linked with those in local government. Trustees offered staff an interim pay award for 2025/26 pending determination of the local government settlement, with minor adjustments made in October 2025 when the local government settlement was finally reached.
Organisational structure
The board meets quarterly and is responsible for setting the strategic direction of the Foundation, and determining its key policies. It has a scheme of delegation in place which sets out the decisions devolved to the Chief Executive. The Company Secretary is also a Trustee.
The charity’s aims and activities for the year ahead are set out in its forward work programme. Its activities, outputs and impacts are monitored, along with the availability of funding for the organisation and each project. The charity’s plans are revised to take account of financial, political or other relevant changes during the year.
Responsibility for ensuring the activities take place and for meeting the charity's targets rests with the chief executive officer.
The charity does not have any related parties as defined by the Charity Commission.
This report has been prepared in accordance with the small companies’ regime under the Companies Act 2006.
The trustees, who are also the directors of The Bevan Foundation for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.
In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
I report to the trustees on my examination of the financial statements of The Bevan Foundation (the charity) for the year ended 31 March 2026.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The Bevan Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is 145a High Street, Merthyr Tydfil, Mid Glamorgan, CF47 8DP, UK.
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)". The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
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 activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not 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 portion of the asset’s use.
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
Basic financial liabilities, including creditors and bank loans are recognised at transaction price.
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Basic of allocation
Reference Method of allocation
Employments costs Staff Time
Establishment and other costs Usage
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
During the year 2 Trustees (2025 - 2 Trustees) were reimbursed expenses totalling £196 (2025 - £492)
The average monthly number of employees during the year was:
The remuneration of key management personnel was as follows:
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
Joseph Rowntree Foundation - A project funded by the Joseph Rowntree Foundation to increase awareness and understanding of poverty in Wales, and to develop solutions to reduce it.
Justice Together Initiative - A project to increase understanding of the importance of access to justice to asylum seekers, refugees and other vulnerable migrants, and to make the case for change.
The National Lottery Community Fund (Asylum seekers’ experiences) - A project to find out about the experiences of people seeking asylum securing legal advice about their immigration status
Lloyds Bank Foundation for England and Wales Welfare Programme - A project to develop ways of increasing the supply and quality of permanent homes for people in who are homeless and in temporary accommodation.
Modelling poverty - A project to identify the public policies which make the greatest contribution to reducing poverty.
Nationwide Foundation - A project to develop ways to use faith-owned land and buildings to increase the supply of social and community housing.
The Which? Fund, funded by the Consumers Association - A project to explore the harms and benefits of third party money management apps for vulnerable consumers.
Welsh Government (Child Poverty Innovation and Supporting Communities Grant) - A project to facilitate collaboration between local authorities, charities and people with No Recourse to Public Funds to reduce child poverty.
Legal Education Foundation - A contribution towards increasing understanding of economic and social rights and hold Welsh Government to account during a time of political and constitutional change.
The National Lottery Community Fund (rights of people with NRPF) - A project to increase awareness and understanding of the rights of people with NRPF during the cost of living crisis.
Children in Temporary Accommodation - A project to find ways to reduce the impact of living in temporary accommodation on families with children.
Children in Need - A contribution towards the Bevan Foundation's costs to recognise the Foundation’s time contributing to an Advisory Panel for some of their work on child poverty.
Oak Foundation - A project to increase the supply of decent, genuinely affordable homes in Wales that meet the needs of groups discriminated against by housing policy.
Nationwide - A project to explore how devolved powers over taxation are used to shape the housing sector in Wales
Welsh Government - A project looking at improving access to legal advice for migrants in Wales.
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include £80,000 of designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
There were no disclosable related party transactions during the year (2025 - none).