Adnodd Annual General Meeting: 22 October 14.30-14:50
Read the minutes from our Annual General Meeting (AGM) on 22 October 2025. The AGM is an opportunity for Adnodd to report to the Welsh Government, presenting its annual audited accounts for the previous financial year.
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In attendance
Adnodd:
- Gethin Davies, Chair (GD)
- Mair Gwynant, Chair of ARAC (MG)
- Lesley Bush (LB)
- Sioned Roberts (SR)
- Huw Jones (HJ)
- Nicola Wood (NW)
- Natalie Jones (NJ)
- Emyr George, Chief Executive (EG)
- Lleucu Siencyn, Director of Strategy and Delivery (LlS)
- Kirsty Davies, Director of Corporate Services (KD)
- Dr Ali Hanbury, Head of Strategic Engagement and Communication (AH)
- Branwen Edwards, Secretariat (BE).
Welsh Government:
- Pat McCarthy (PMcC)
Audit Wales:
- Carwyn Rees (CR)
Apologies:
None
1. Welcome
The Chair welcomed all attendees to the meeting.
2. ISA260 External Audit Report
CR noted that the external audit report had been presented to ARAC on 6 October 2025.
CR reported that the Auditor General intends to issue an unqualified opinion, which is the highest level of assurance.
A small number of misstatements were identified as part of the audit, which have been corrected.
The letter of representation will be issued and signed by the Board and presented to the Auditor General with the financial statements for signing in early November.
CR asked the Board members to confirm that as far as they are aware, there is no relevant audit information of which the external auditors are unaware.
As Chair of ARAC, MG congratulated the Adnodd team for the unqualified opinion and thanked Audit Wales and Adnodd staff for their diligence, and for building a strong working relationship upon which to base future audits.
On behalf of the Committee, MG noted that the external audit report had been recommended by ARAC for Board approval.
Decision: The Board approved the external audit ISA260 report.
3. Final accounts FY2024/25
The draft accounts for the FY2024/25 were prepared by Azets in May and reviewed by ARAC in June 2025. A number of amendments were made before submitting the draft accounts to Audit Wales, who identified a small number of misstatements.
The final accounts were presented to ARAC on 6 October 2025 and were recommended for Board approval.
KD confirmed that all identified misstatements had been corrected, and the final 2024/25 accounts were confirmed and agreed by Audit Wales on Friday 3 October 2025.
KD explained that the accounts will include a disclosure noting that the Welsh version is a translation only, which have not been audited by Audit Wales.
A bilingual version of the account will be published on Companies House website. Adnodd’s website will host the accounts in Welsh and English. The Welsh version will include a disclaimer, noting that it is a translation only, and has not been verified by Audit Wales.
Decision: The Board approved the final accounts for FY 2024/25.