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.
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
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, 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 |
| 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 |