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AGORED CYMRU

Registered charity 1105070 · accounts filings on the Charity Commission register · also known as OPEN COLLEGE NETWORK CYMRU

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Latest income
£2.5m
Latest spending
£1.9m
Registered
2004
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity achieved a financial surplus with net incoming resources of £546,612 for the year ended 31 December 2023. Total unrestricted reserves increased to £2,230,437, which the trustees consider adequate in light of defined benefit pension liabilities and the reserves policy. The auditor confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Accounts audited by Walter Hunter & Co Limited. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.5m
Total spending
£1.9m
Reserves (reported)
£3.0m
Employees
27

Reported reserves equal ~18.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£2.5m£1.9m
31/12/2023£2.2m£1.7m
31/12/2022£1.6m£1.6m
31/12/2021£1.7m£1.5m
31/12/2020£1.6m£1.4m

Common questions

Is AGORED CYMRU financially healthy?

The accounts state that the charity achieved a financial surplus with net incoming resources of £546,612 for the year ended 31 December 2023. Total unrestricted reserves increased to £2,230,437, which the trustees consider adequate in light of defined benefit pension liabilities and the reserves policy. The auditor confirmed that there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Walter Hunter & Co Limited.