INSTITUTE OF WELSH AFFAIRS
The Institute of Welsh Affairs is a membership-based think-tank and policy research institute aimed at promoting new thinking on Welsh issues. Its activities include the publication of research reports and discussion papers, and the organisation of seminars and conferences throughout Wales covering a range of interests, including the economy, education, health, and the environment.
Objects
2.1 The Objects of the Charity are to advance the education of the general public of, and to promote research into (and the publication of the results thereof), socio-economics, politics, science and technology, including but not limited to:-(a) the effect of socio-economic, political and scientific factors on public policy; and(b) the effect of socio-economic, financial, political, environmental and international factors on the living standards of all sections of the community.
Financial health, per its FY2025 accounts
The accounts state that the charity finished the year with a deficit of £13,876, contrasting with the anticipated deficit of £25,688. Per the trustees' report, free reserves stood at £162,751, which is above the revised policy target of £50,000. The trustees confirmed that the financial statements are prepared on a going concern basis.
What the accounts disclose
“In FY2025, membership fees and donations accounted for 47.3% of receipts” — page 11
“The Board of Trustees approved a revised reserve policy requirement of £50,000 at the May 2024 Board meeting” — page 11
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
- 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
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2024
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 1
- Employees paid over £60,000: 1 (£80,001–£90,000: 1)
Funders the charity credits
- Books Council of Wales
Trustees
- Gwendolyn Helena Sterkchair
- Anthony Pickles
- Ben Gordon Joakim
- Dr Elizabeth Zaidee Haywood
- HELEN FRANCIS MORTLOCK PEARCE
- Kelly-Marie Huxley-Roberts
- Lauren Maeve McEvatt
- Shayoni Sarkar Lynn
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £203k | £216k |
| 31/03/2024 | £414k | £402k |
| 31/03/2023 | £483k | £399k |
| 31/03/2022 | £341k | £423k |
| 31/03/2021 | £450k | £369k |
Common questions
Is INSTITUTE OF WELSH AFFAIRS financially healthy?
Per its FY2025 accounts: The accounts state that the charity finished the year with a deficit of £13,876, contrasting with the anticipated deficit of £25,688. Per the trustees' report, free reserves stood at £162,751, which is above the revised policy target of £50,000. The trustees confirmed that the financial statements are prepared on a going concern basis. Its FY2025 accounts were independently examined.
Who funds INSTITUTE OF WELSH AFFAIRS?
Funders whose own accounts filings name INSTITUTE OF WELSH AFFAIRS as a grant recipient include THE JOSEPH ROWNTREE CHARITABLE TRUST, FRIENDS PROVIDENT CHARITABLE FOUNDATION, CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE JOSEPH ROWNTREE CHARITABLE TRUST | FY2021 | £135k | Media in Wales |
| FRIENDS PROVIDENT CHARITABLE FOUNDATION | FY2021 | £35k | Ending Public-Private partnerships in Scotland |
| CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES | FY2024 | £17k | New Audiences Fund |
| CYNGOR LLYFRAU CYMRU-THE BOOKS COUNCIL OF WALES | FY2025 | £12k | New Audiences Fund |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 07/07/2020 | £10k | COVID-19 - Rethinking Wales: Communities |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ROTHSCHILD FOUNDATION (HANADIV) EUROPE | 1 | £1.6m |
| THE NUFFIELD FOUNDATION | 1 | £1.0m |
| THE BLOOM FOUNDATION | 1 | £346k |
| FITZGERALD FAMILY FOUNDATION | 1 | £275k |
| THE PEARS FAMILY CHARITABLE FOUNDATION | 1 | £225k |
| DAVID & RUTH LEWIS FAMILY CHARITABLE TRUST | 1 | £195k |
| THE ROTHSCHILD FOUNDATION | 1 | £170k |
| HAYDEN FAMILY (UK) LTD. | 1 | £145k |
Charities like this
- THE ROYAL INSTITUTE OF INTERNATIONAL AFFAIRS
- THE INSTITUTE FOR POLICY RESEARCH
- WELSH CENTRE FOR INTERNATIONAL AFFAIRS / CANOLFAN MATERION RHYNGWLADOL CYMRU
- THE INSTITUTE FOR JEWISH POLICY RESEARCH
- INSTITUTE OF ALCOHOL STUDIES
- INSTITUTE FOR EMPLOYMENT STUDIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INSTITUTE OF WELSH AFFAIRS | £203k | — | 0 | unclear | — | no doubt |
| THE ROYAL INSTITUTE OF INTERNATIONAL AFFAIRS | £20.2m | — | — | unclear | — | no doubt |
| THE INSTITUTE FOR POLICY RESEARCH | £201k | — | 0 | below | — | no doubt |
| WELSH CENTRE FOR INTERNATIONAL AFFAIRS / CANOLFAN MATERION RHYNGWLADOL CYMRU | £1.2m | — | 0 | within | — | no doubt |
| THE INSTITUTE FOR JEWISH POLICY RESEARCH | £897k | £120,001 - £130,000 | 5 | below | — | no doubt |
| INSTITUTE OF ALCOHOL STUDIES | £466k | £80,001 - £90,000 | 1 | unclear | — | no doubt |