GROUNDWORK NORTH WALES
Financial health, per its FY2023 accounts
The accounts state that the group reported a net expenditure of £112,720 for the year, resulting in total funds decreasing from £1,951,333 to £1,838,613. The trustees' report notes that the year was financially challenging due to inflation and competition for resources, but the organization remains financially viable. Per the financial strategy, the charity aims to maintain sufficient working capital to cover no less than 3 months of expenditure.
What the accounts disclose
“GWNW wholly owns two subsidiary trusts (also companies limited by guarantee), Refurbs Flintshire and Wild Ground.” — page 3
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Carl Ryan Stephens
- Dr Stan Moore
- HELEN ELIZABETH WRIGHT
- Kenneth Rodney Taylor
- Nicholas Charles Ringrose
- Nicola Jane Said
- Nigel Frederick Reader CBE
- Sarah Overson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.9m | £2.7m |
| 31/03/2024 | £2.7m | £2.7m |
| 31/03/2023 | £2.6m | £2.7m |
| 31/03/2022 | £3.3m | £2.6m |
| 31/03/2021 | £2.7m | £2.2m |
Common questions
Is GROUNDWORK NORTH WALES financially healthy?
The accounts state that the group reported a net expenditure of £112,720 for the year, resulting in total funds decreasing from £1,951,333 to £1,838,613. The trustees' report notes that the year was financially challenging due to inflation and competition for resources, but the organization remains financially viable. Per the financial strategy, the charity aims to maintain sufficient working capital to cover no less than 3 months of expenditure. Its FY2023 accounts were audited by M. D. Coxey and Co. Limited.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 30/11/2023 | £1.5m | "Clywedog Valley Heritage Partnership" |
| The National Lottery Heritage Fund | 07/02/2023 | £19k | "Clywedog Valley Heritage Partnership" |
| The National Lottery Heritage Fund | 04/01/2022 | £10k | "Minera Lead Mines Visitor Centre Interpretation" |
| The National Lottery Heritage Fund | 26/04/2018 | £70k | "Minera Lead Mines Community Heritage" |
| The National Lottery Heritage Fund | 23/01/2015 | £8k | "Local lives of the First World War" |
| The National Lottery Heritage Fund | 29/01/2014 | £15k | "Eden Hall Gardens, Penmaenmawr" |
| The National Lottery Heritage Fund | 03/10/2012 | £10k | "Groundwork North Wales" |
| The National Lottery Heritage Fund | 09/11/2007 | £23k | "Celtic Heritage Experience" |
| The National Lottery Heritage Fund | 10/01/2007 | £45k | "Past On Your Doorstep, The Future in Your Hands - Iron & Steel Heritage" |
| The National Lottery Heritage Fund | 17/01/2006 | £25k | "Cefn Heritage Trail Interpretation" |
| The National Lottery Heritage Fund | 29/10/2004 | £42k | "Past On Your Doorstep/ The Future in Your Hands" |