Impact Report 2021-2022 Cymdeithas Mudiadau CAiIO . CAVO of Voluntary Organisations Cefnogi Tryclydd Sector Cymru Thifd Sector Support Wales CAVO Impact Report 2021-2022 ## **Foreward** ## **Welcome to the 2021-2022 annual impact report which captures the achievements of the** ## **Ceredigion Association of Voluntary Organisations (CAVO) Team.** It is once again a pleasure to present CAVO's Annual Impact Report. We extend our thanks to everyone who has supported our work during the past year, to our Board of Trustees for their guidance and commitment and to our staff team for their enthusiasm and dedication. CAVO is committed to working positively with others and continue to collaborate on a number of key strategic partnerships across Ceredigion and West Wales. We continue to explore how we establish an even closer working relationship with West Wales CVCs to better support the third sector and engage with key partners to build active, resourceful and connected communities at a local level. CAVO are also a partner of Third Sector Support Wales (TSSW), a consortium of county voluntary councils (CVCs) and Wales Council for Voluntary Action (WCVA). TSSW’s collective ambitions and aspirations are reflected in our four pillars of activity: - Volunteering - Good governance - Engagement and influencing - Sustainable funding During 2021-2022 COVID-19 continued to have a significant impact on our work and on the work of the sector. Many thanks to our funding partners for their continued commitment which has enabled us to support the vital work of the third sector and volunteers in Ceredigion. Through this we were able to support and fund the inspirational work of voluntary community groups and volunteers across Ceredigion. John L Jones, Chair of Trustees Hazel Lloyd Lubran, Chief Officer **-1-** CAVO Impact Report 2021-2022 ## **CAVO Staff 2021/2022** **Chief Executive** **Finance & Business Operations Manager** **Engagement & Collaboration Manager** **Support & Skills Manager** **Communications & Fundraising Officer** **Volunteering Officer Volunteer Enabler** **Community Volunteering Development Officer** Hazel Lloyd Lubran Christine Glasson Chesca Ross Teleri Davies Cerys Sharples (until October 2021) Trish Lewis Ruth Evans (until March 2022) Kate Naidoo ## **CAVO Trustees 2021/2022** John Jones **Chair** Anne Pratt **Vice-Chair** William Morris **Treasurer** Dylan Wilson-Lewis **Independent Auditors:** Bevan and Buckland **Employment / Health &** SAGE **Safety Advice:** **-2-** CAVO Impact Report 2021-2022 Performance 2021/2022 Who we worked with: **77 292 16** Organisations Interactions with Organisations supported with direct third, public and supported to access information and private sectors specialist information, advice advice and guidance **£630,476** Funding distributed to third sector organisations via CAVO **£720,000** Funding awarded to third sector organisations following support from CAVO Organisations supported to access specialist information, advice and guidance Individuals placed into Volunteering **130** Volunteers supported with volunteering **63** Attendees at networks, partnerships, forums, events and training **379** **-3-** CAVO Impact Report 2021-2022 ## G ~~ood Governance~~ ## **Wellbeing Goals** **This pillar of activity contributes to the following Wellbeing Goals:** **A Wales of cohesive communities A resilient Wales A more equal Wales** ## **Our Goal** ## **How we help** **Those involved in running third sector organisations effectively lead their organisations and maintain high standards of governance.** **Information, news and up-dates through our websites, e-bulletins, blogs, meetings, networks and learning opportunities, including events on charity law, good governance and safeguarding.** **Bespoke information, guidance and learning for organisations and trustees on implementing good governance policies and practices.** **Specialist safeguarding information, advice, training and events.** ## **Spotlight** **On the 25th April we kicked off a week long series of short information sessions organised with colleagues at CAVS and PAVS to support the effective management and governance of third sector groups.** **CAVO started to work towards the The Welsh Offer “Cynnig Cymraeg” which is recognition by the Welsh Language Commissioner given to organisations with a strong long-term plan to develop Welsh language provision.** **CAVO Chaired a multi-agency panel set up to advise and support the safe and proportionate reopening of community facilities and introduction of activities. The Panel was created under Ceredigion’s Public Services Board project group; Understanding our Communities at the request of Ceredigion Gold Command, in partnership with Ceredigion County Council, along with Heddlu Dyfed Powys Police. The panel organised and delivered a series of information sessions to focus on various topics including Buildings, Activities and People.** ## **Trusted Charity Mark Level 1** **In October 2018, CAVO achieved the Trusted Charity Quality Mark award recognising the work it does as a third sector organisation - the first charity in Ceredigion to be awarded this quality mark.** **Trusted Charity Mark is part of the National Council for Voluntary Organisations (NCVO) and is the only UK quality standard designed to help third sector organisations operate more effectively and efficiently. CAVO was assessed against the 11 standards of effective practice, including governance, leadership and management, managing staff and volunteers and managing money.** **-4-** CAVO Impact Report 2021-2022 ## Influencing and Engagement ## **Wellbeing Goals** **This pillar of activity contributes to the following Wellbeing Goals –** **A Resilient Wales, A Healthier Wales, A More Equal Wales.** ## **Our Goal** **Public policies and services are improved through the influence of third sector organisations (working with TSSW).** ## **How we help** - **Information, news and up-dates on policy developments through our websites, e-bulletins, blogs, meetings, networks and events.** - **Facilitation of local and regional networks to bring together groups and public bodies.** - **Co-ordination of third sector involvement in policy and strategy development.** - **Provision of a third sector voice through our involvement on the Ceredigion Public Services Board and its Project Groups, West Wales Regional Partnership Board and other local/regional partnerships.** ## **Spotlight** **CAVO staff have continued to support the Disabled People Forum which meets regularly to ensure that the needs and issues of those who are less able are brought to the attention of public service providers. The CAVO Team supported Forum Members to represent the impact of the introduction of Town Centre Safe Zones had on the Disabled Community. Several adaptations were made in response to the challenges highlighted at meetings.** **We worked with regional partners to deliver a Creating Connections For All programme aimed at building resilience within communities. The Team explored opportunities to use a Participatory Budgeting approach to ensuring that people are involved in designing and delivering solutions to local challenges and opportunities. We also purchased equipment to enable communities to continue to explore the use of technology to allow people to digitally participate in meetings and activities.** **CAVO staff convened third sector groups offering information and advice to the public to understand changing provision and update referral processes. An information session was arranged to promote the support available with a focus on food and fuel.** ## **infoengine** **Infoengine, a free online directory of third sector community services, connected to Dewis Cymru.** **147 registered organisations 216 services published** **-5-** CAVO Impact Report 2021-2022 ## S ~~ustainable Funding~~ ## **Wellbeing Goals** **This pillar of activity contributes to the following Wellbeing Goals –** **A prosperous Wales A Resilient Wales** ## **Our Goal** **Third sector services contribute to community wellbeing.** ## **How we help** **Information and resources on our websites, social media, learning programme and events, including regional events.** **Funding Wales, an online database of funding opportunities.** - **Host digital opportunities to engage with funders.** **Bespoke guidance on funding bids and application processes.** - **Administer the Youth Led Grant and the Caring Communities Innovation Scheme to distribute Integrated Care Fund (ICF), Welsh Government Loneliness and Isolation Funding.** - **Involvement in the decision-making process for the Cynnal y Cardi panel to distribute the Rural Development Fund, Winter of Wellbeing and Summer of Fun funding from Welsh Government, Cambrian Railway Partnership Grant and the Dr Dewi Davies Endowment Fund.** **CAVO worked with the Ceredigion County Council Youth Service Team to bring together a consortium of partners, led by Area 43, to develop a proposal for the National Lottery Community Fund’s Mind Our Futures Programme to put young people in the lead so that they can imagine and create a more resilient and mentally healthy future for young people.** ## **Spotlight** **The Ceredigion Caring Communities Grant Scheme was revised to distribute additional funding from Welsh Government to support the third sector and communities to address loneliness and isolation in partnership with Ceredigion County Council. Various schemes were funded across Ceredigion which offered space for people to come together to share skills, engage in activities, exercise, socialise and explore nature.** ## **Funding Wales** **Funding Wales, a FREE online Funding search tool, developed for community and voluntary groups in Wales.** - **Help your organisation find funding opportunities to support a wide range of projects** - **Search through database containing hundreds of grants, awards and other forms of financial assistance from a variety of sources Link you in to guidance and support for Third Sector groups** **To access the portal go to https://funding.cymru and then register to log in and carry out funding searches.** **-6-** CAVO Impact Report 2021-2022 ## V ~~olunteering~~ ## **Wellbeing Goals** **This pillar of activity contributes to the following Wellbeing Goals –** **A Wales of Cohesive Communities A Wales of Vibrant Culture and thriving Welsh Language** ## **Our Goal** **Wales benefits and thrives because of volunteering.** ## **How we help** **Promote the national Volunteering Wales digital platform, a database of volunteering opportunities.** **Information, news and up-dates through our websites, e- bulletins, blogs, meetings, networks, events and learning opportunities.** **Bespoke advice to volunteers and organisations and facilitation of the Ceredigion Volunteer Organisers Network (CVON).** **Support the Social Care Volunteering Programme and encourage people to share skills through the Ceredigion Connect platform.** ## **Spotlight** **Valuing and recognising the impact of volunteers is essential. The CAVO Team worked with a few groups to pilot a Volunteering Certificate which will now be offered to all interested organisations. Several groups also made good use of the Ceredigion Volunteering Awards to acknowledge the contribution of some amazing individuals. These volunteer stories were depicted in a piece of art created by Helen Elliot.** **The CAVO Team have continued to facilitate the Ceredigion Volunteer Organisers Network (CVON) to bring together those who support volunteers to share experiences and explore welcoming back volunteers, safe recruitment in conjunction with Disclosure and Barring Service, Nation of Sanctuary training and the development of a Ceredigion Volunteering Strategy.** **CAVO supported Cymorth Ceredigion Homestart, Neuadd Aberporth Hall, RAY Ceredigion ac Aber Food Surplus to start on the journey to gain Investors in Volunteers quality standard accreditation.** ## **Volunteering Wales** **Volunteering Wales is a digital portal that supports volunteer recruitment and placement for those wanting to volunteer and organisations that want to find volunteers. The portal also provides additional functions such as logging hours and email update of opportunities.** **-7-** CAVO Impact Report 2021-2022 ## Financial Summary ## Income for 2021-2022 **----- Start of picture text -----**
Projects Funding (other sources)
£10,800
Core Funding
£166,716
Service Level Agreement
£36,398
Other Income
£13,125
**----- End of picture text -----**
Grants For Distribution £578,709 ## Expenditure for 2021-2022 Governance & Support Costs £162,269 Restricted Services & Projects £208,955 Grants Distributed £630,476 **-8-** CAVO Impact Rep ## What Next? **-9-** CAVO Impact Report 2021-2022 ## Membership List - **Abbeyfield Wales Society (Aberystwyth) Aberarth Neuadd Llanddewi Aberarth Village Hall** - **Aberporth Village Hall and Recreation Ground Aberystwyth University** - **Advocacy West Wales/Eiriolaeth Gorllewin Cymru Pembroke** - **Age Cymru Ceredigion (now Age Cymru Dyfed) Arts4wellbeing Arts Care Gofal Celf Barod** - **British Liver Trust** - **British Red Cross- Mid Wales Camfan Canolfan Capel Cilgwyn** - **Canolfan Ceufad Llandysul Paddlers Canoe Centre Ltd** - **Canolfan Morlan Centre** - **Canolfan Plant Jig-So Childrens Centre Cardigan Bay Marine Wildlife Group Cardigan Youth Project/Area 43 Carers` Unit Cilcennin Cyntaf Citizens Advice - Ceredigion** - **CLG - ACE Project** - **Clwb Cychod Teifi Boating Club Clynfyw Care Farm Coppicewood College Country Cars - RVS Cymru** - **Cruse Bereavement Care West Wales Cwmni Cymunedol Cletwr Cyf Cylch Meithrin Llangwyryfon Cymdeithas Aberaeron Society Cymdeithas Gofal The Care Society DASH - Disabilities and Self Help. Dihewyd Village Hall Disability Arts Cymru CEREDIGION Diverse Cymru** - **ECODYFI Centre Wales Girl Guiding Ceredigion Hafan Y Waun Care Home Home-Start Ceredigion HUTS (Helping us to survive) Ieuenctid Tysul Youth Centre In Sight / Mewn Golwg Llanbedr Pont Steffan Lampeter Town Council Llandysul a Phont Tyweli Ymlaen Cyf** - **Llandysul Family Centre Clwb Clonc Llandysul Public Hall Neuadd Tysul Hall Llanfair Clydogau Village Hall Longwood Community Woodland Maesglas Football Club** - **Mes Bach - Little Acorns Child Care** - **Mind Aberystwyth** - **Motorcycle Action Group** - **Mount Zion Baptist Church Cardigan Multiple Sclerosis Society Ceredigion Branch** - **Neuadd Goffa Pontgarreg Memorial Hall Our Voice Our Choice OVOC** - **PACEY ( formerly National Child Minding Association - NCMA** - **Pembrokeshire College** - **Penparcau Community Forum Yr Hwb Pentir Pumlumon Plant Dewi** - **Preseli Rural Transport Association Ras Gwyl Dewi RAY Ceredigion** - **Shared Earth Trust SHINE Cymru Small World Theatre SNAP Cymru Social Farms & Gardens St Michael`s Church - Eglwys St Mihangel (Aberystwyth) Strata Florida Trust** - **The Cribyn Recreation Field Club The Iron Room (Eglwys Fach) The Royal Commission on the Ancient and Historical Monuments of Wales The Stroke Association The Wildlife Trust of South & West Wales Transition Llambed Development Trust Treeflights Versus Arthritis** - **Wales Environment Link - Aberystwyth Wales Wild Land Foundation** - **West Wales Action for Mental Health WWAMH** - **West Wales Domestic Abuse Service Ltd West Wales Rivers Trust** **-10-** ## **CAVO Bryndulais 67 Bridge Street Lampeter Ceredigion SA48 7AB** **01570 423 232 gen@cavo.org.uk www.cavo.org.uk** **CAVO is a Registered Charity (1061364) and Company Limited by Guarantee (33323924)** REGISTERED COMPANY NUMBER.. 03323924 (England and Walesl REGISTERED CHARITY NUMBER.. 1061364 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwesl Pembroke5hire SA61 2BP CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENt)ED 31 MARCH 2022 Page Report of the Trustees IndgP8nd8nt Examiner's Report stat8m8nt of Finan¢ial Actlvllies statement of Financial Position 9 to 10 Statamant of Cash Flow$ Notes to tho Statement of Cash Flows 12 Not85 to the Financial Statemen1$ 13 to 30 Detailed Statement of Financial Activities 31 to 32 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 OBJECTIVES AND ACTIVITIES Engagèment and Influence As the umbrella body for the third séctor in Ceredigion, the team represent the voice of the sector on 8 number of key partn8rships, for8 and planning groups locally and regionally, including the C8redigion Public Services Board and it5 Project Groups, along with the Vvest Wales Regional Partnership Board and its relevant workslrearns. Ceredigion third sector fora and briefing sessions are arranged to ensure that the sector is informed of developrnents and h85 an opportunity to engage in policy and service developm8nl. CAVO stsff have continued to support the Disabled Pèople Forum which meets regularly to ensur8 that thè needs and issues ol those whts are less able are brought to the attention of public service prowders. A tnore detailed review of activities is available in a separate annu81 report presented at the Annual General Meeting. Collaboration CAVO, as the County Voluntary Council ICVCI for Ceredigion, has a close working relationship with neighbouring CVCS and in S8plemb8r 2012 a Mgmorandum of Understanding was signed with counterparts in Cam)arthenshire Pernbrokeshire and Powys. CAVO ar8 currently working with colleagues frorn PAVS and CAVS to explor& the potential ol establishing a regional entity to further strengthen our collective 5UPPOrt of the Third Séctor and Volunt88rs in West Wales. CAVO is also a part of Third Sector Support Wales a n8twork of support organisations for the whole of the third sector in Wales, consistlng ol the nineteen County Voluntary Councils ICVC518nd the national SkJPPOrt bL)dy, Wales Council for Voluntary Action IWCVAI. CAVO work across ft>ur pillars of activity- Volunteering.. Good govern3nce', susl8in8ble funding.. Engagement and influencing. to support the third sector and work with key partners 8cross the public, business, research and funding sèctors. We deliver our services through Information and advice., Learning and developrnenl., Netw￿rkIng and coTnmunication', Shaping, influ8ncing and building the social capital and resilience of the sector.. Raising the profile of the Sector. Publi¢ benefit The Iruste8s have a duty to report on 'public benefit, by explaining the significant activities undertaken in ordor to carry out the aims for thè public benefit, and 8chievements rneasured against those aims. In addition, the trustee5 will be required lo confirm that th8y have had règard lo the Charity Commission's guidance on public b8nefit. ACHIEVEMENT AND PERFORMANCE Charitable activities A review of activities is available in a separate annual rèport, presen18d al the Annual Gener81 Meeting. Page 3 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 FINANCIAL REVIEW Financlal position The results or th8 charitable company are shovffl in th8 Stat8ment of Financial Activities on page 8. UNRESTRICTED FUND 2022 2021 Net 5urpluslldeficitl reserves (Before transfer5 and pension) 266.068 268,786 Nel surpluslldelicitl ￿serveS (After transfers and pension) 129,209 196,813 Actuarial gain/llos51 lincSuded above) 154,000 169,0001 RESTRICTED FUND 2022 2021 Net Ideficitysurplus reserve5(8efo￿ transfers) 1111.4071 225.391 Net Ideficitysurplus reserv8s IAft8r transf6rsl 1109,1611 228.364 Investment pollcy and objectives The Irustee5' Investment powers are governed by the Memorandum and Articles ol Association. The trustees have a policy ol keeping any surplus as liquid funds in high interest beaThng short-term deposits, which can be accessed readily. The trustees are ol the opinion that the charitable company does not have sufficient reserves al present to warrant investment in other forms. Reserves policy The trustees aim to sel aside res8rv8S to provide financial stability and the means for the development ol the charitable company's principal activity. Followng consideration of th8 mgjor risks the charit8bl8 cornpany faces, a three tier policy on reserves h85 been established. This will establish reserves to meet short term change5, re5erve5 to enable planning lor growth and long term resetves lo reduce the risks posed by large external changes in funding. The level of reserves required under the new policy is regularfy reviewed and the trustees feel that in light of the current financial climate it is prudent to tnaintain reserves at their curr8nt level. In addition the trustees do not feel that the pension reserve of £773,000 represents a designated fund, as it does not result in an immediate cash commitment. The trustees are currently confident that the chaiitable company can meet contributions from projected future incorne. Going concern There are no material uncèrtainties about the charity's ability to continue as a going concem provided that the perision provider does not seek lo recover the defined benefit pension defiat. The pension provider has confirmed that it intends to fund Ihe deficit with future conlribulions. The Iiustees ar6 confident that the Charity can meet pension contributions from projeeted future income without significant impact on its planned level ol charitable activities and cornmitmenls. FUTURE PLANS Details ol future development5 ar8 av8ilab18 In a separate annua1 report. pre5ent8d St the Annual General Meeting. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The or98nisation is a charitable company limi18d by guarantee, incorporated on 25 February 1997 and register8d as a charity on 18 March 19g7. Th8 company was established under a M8morandum of Association which established the objects and powers ol the charitable company and is governed under its Articles of Associ8lion. Page 4 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 STRUCTURE, GOVERNANCE AND MANAGEMENT Recruitment and appointment of new trustees Members ol the board of trustees. who are directors for the purpose ol company law and trustees for the purpose of charity law. who served during the year and up lo tho d818 of this report, are set out on page S. The tru5t8es are appointed by th8 rnemb8r5 at the Annual General Meeting or otherwise appointed by the trustees where there is a vacancy. One third of the trustees retire at 8ach Annual General Meeting by rotation. If willing lo act, they e8n be r88ppointed. Prior to each Annual General Meeting. mernber organisations aF8 8ncouragèd lo nominate individuals for appoinlmenl. The BDard may 31so appoint a person ￿lIling to a¢1 as a trustee to either fill a vacancy or as an additional trust6e. The Board aims to meet bi-monthly. A full-time chief executive. appointed by the trustees. manaoes tho day to day operations of the ¢harity. Ind￿￿10n and trainlng of new tmstees New Irust8es receive a comprehensive induction pack and have the benefit of an induction session to brief them on their legal obligations under charity and company law, the content of which includes the Memorandum and Articles o* A5soci81ion. th8 committee and d8oi8ion rnaking process and business plan. Trustees are encouraged to attend appropriatg external training evgnts where these will facilitate the undertaking of their role and a training session feedback lorm has b&en devised so that information gathered at 8venls can be pass8d on to all Irust8es. Risk management The Irus1&85 have eonducled a review of the major risks lo which the charitable company is èxposed and systems have been established to mitigate those risks and enabl8 regular reports to be produced 50 that the nec8ssary steps can bo taken lo le55en Ihose risks. Internal risks are minimised by the irnplementation ol proc8dures for authorisation of all trans8Ctions and projeds end to tsnsure consislenl Quality of delivary for all operational aspects of the charitable cornpany. Th8se procedures are periodically reviewed to ensure that they still meet the ne8ds of the charitable cornpany. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03323924 IEngl8nd and Wal8sI Registered Charity number 1061364 Reglstered office Bryndulais 67 Bridge Street Larnpeter Cerecligion SA48 7A8 Trustees J L Jones- CAVO Chair W J Morris- Treasurer A C Pratt- Vice Chair O Wilson-Lèwis Company Secretary H Lloyd Lubran Page 5 CYMDEITHAS MUDIADAU GWIRFODDOL CEREOIGION I ¢EREDIGION ASSOCIATION OF VOLUNYAR Y ORGANISATIONS REPORT OF THE TRUSTEES FOR THEYEAR ENDED 31 MARCH 2022 REFERENCE AND AOMINISTRATIVE DETAILS Indopèndtnt Examin8r Bevon 8uckl8nd LLP Charlered A¢counlan15 45 Fligh.%lre81 HaverfDrdwTrsl Pembrokeshire SA51 28P Bankors f.AF C¥ah Limiied PO Box 289 Wesl Malling Kent Mf19 4TA Scottish Widows 67 Morrison Slrevl Edinbuigh IH3 BYJ Vir9in Ilcnoy Jvbilte Houso f?0sfortli i e%'icasple upon Tyne NE3 4PL Approv8d by order of the board of Iruslees Ort ..oy./.Ic/..aQ2Z.... 8nd slgn8d on Ils bahall by.. L_ W J Idarris- Trtr*suror- Trustee Pa9è u INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Independent examinerfs report to the trustees of Cymdeithas Mudiadau Gwirfoddol Ceredigion I Ceredigion Association Of Voluntary organisation51.the Company'l I report to the charity trustees on my examination ol the accounts of the Company for Ihe year gndecl 31 March 2022. Responslbllitte5 and basis of report As the charity'5 trustees of the Company land also its directors for the purpose5 of company lawl you are responsible for the preparation of th8 accounts in accordanc8 with the requirements ol the Companies Act 20061'lhe 2006 Act'l. Having satisfied myself that the accounts ol the Company are not required to be audit8d under Part 18 of the 2006 Act and are eligibl& for independent examination, I report in respect of my 8xamination of your charity's accounts as carried out under section 145 01 the Charities Act 2011 I'lhe 2011 Acl'l. In e8rrying out rny examination I have followed the Directions given by the Charity Commission under sectior? 145151 Ibl of th8 2011 Act. Independent examinerfs statement Sinc& your charills gross Income exce8ded £250,000 your examiner musl be a mernber ot 8 listed bady. I csn confirm that l am qualified lo undertak8 the exkminalion because l am a regist8red member of FCA which 15 one ol th8 listed bodies. I have completed my examination. I confimi that no matters havè Come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by section 386 01 the 2006 Act., or the accounts do not accord with those records., or the accounts do n()t comply with the accounting requirements of section 396 of th8 2006 Act other than any requiremeyl that the accounts giv8 8 true and fair view which is ncit a matter considered as part of 8n independent examination., or the 8c¢ounts have not been prepared ill accordance with the methods ancl principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accoun15 in accor Jance with the Financial Reporting Standard applicable in the UK and R8public of Ireland IFRS 10211. I have no concerns and have come across no oth8r matters in connection with the examination to which attention should be diawn in this report in order to enable 8 proper understanding of the 8¢counts to be reached. 6JMAM LLP Alun Evans FCA Bevan Buckland LLP Chart&red Accountants 45 High Street Havertordw8St Pernbrokeshir8 SA6128P Dat8.. Page 7 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 2022 Total funds 2021 Total funds Unr8Strict8d funds Restricted funds No185 INCOME AND ENDOWMENTS FROM Charitable activities Gran15 receivable 230.398 562.225 792.623 1,189,844 Investment income other income 344 12.781 344 74.781 736 66,402 62.000 Total 243,523 624,295 867,748 1.256.982 EXPENDITURE ON Charitable activities Charitable activity Grants payable 266,068 501,586 234,046 767,654 234,046 702.221 60.584 Total 266.068 735.632 1,001,700 762.805 NET INCOMEIIEXPENDITUREI 122,5451 1111,4071 1133,9521 494,177 Transfers between funds 15 12,2461 2,246 Other reeognised gainslllosses} Actuarial gainslllosses) on def1n8d benefit schemes 154,000 154.000 169,0001 Net movement in fund5 129,209 1109,1611 20.048 425,177 RECONCILIATION OF FUNDS Total fvnds brought foNard 1377,8381 857,240 479,402 54.225 TOTAL FUNDS CARRIED FORWARD 1248,6291 748,079 499,450 479,402 The notes form part of these financial statements Page 8 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION ICEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF FINANCIAL POSITION 31 MARCH 2022 2022 Totsl ILJnds Unre5tricled funds 2021 Total funds Restricted fund5 Not6S FIXED ASSETS Tangible assèts 5,408 352,092 357,500 360,000 CURRENT ASSETS Debtors Cash at bank 72 10,569 521,557 293.141 359,517 303,710 881,074 69,295 1.016,305 532,126 652,658 1,184.784 1,085,600 CREDITORS Arnounts falling due within one year 13 113,1631 1256.6711 1269,8341 184.1981 NET CURRENT ASSETS 518.963 395,987 914,950 1,001,402 TOTAL ASSETS LESS CURRENT LIABILITIES 524,371 748,079 1,272,450 1.361,402 PENSION LIABILITY 16 1773,0001 1773,0001 1882,0001 NET ASSETS 1248,629} 748,079 499,450 479,402 FUNDS Unrestricted funds Restricted funds 15 1248,6291 748,079 1377,8381 857.240 TOTAL FUNDS 499,450 479,402 The charitable company is entitlèd lo exemption from audit under Section 477 of the Companie8 Act 2006 for the y8ar ended 31 March 2022. The rrembers have not required the company to obtain an audit of it5 financial statements for the year ended 31 March 2022 in accordan￿ with Section 476 of the Cofflpanies Act 2006. The trustees acknowledge their responsibilities for ensuring that th& charitable compally k8eps accounting records that comply wth Sections 386 and 387 of th8 Companie5 Act 2006 and preparing financial statements which give a true and fair view of the stste of affairs of the charitable wmpany as at the end of each financial year and of its surplus tsr deficit lor Each financial year in accordance with the requirements ol Sections 394 and 395 and which otherwise comply with the requiremenls of the Corrpanies Acl 2006 r819ling to financial statements, so lar 83 applicable to the charitable company. Ibl The notes form part of ihese financial statements Page 9 nlinued... CYMDEITHAS MUDIADAU GVIIRFODDOL CEREDIGION I CEREOIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT Of FINANCIAL POSITION - contif5u¢d 31 MARCH 2022 The58 fin&nci81 5tal&rn*nls 114lV& bÈen prepar&d in accord2nco with lfv% provistor*s applicable to LharilablL' compL8filÈS %ubjLLI lo Ihe 5m?11 companie8 re9ime. Tl)c Iiiiancial slalemenls ￿.￿e approvod by the Boafd of Trusl@È$ aulhtirised issJe .owi.oIXtlanO werè sioned on Ils behalf by. VJ.11 A_ W J M¢rris - Tioasurer. T￿Slee Thts nol*s frrir parf 0.'1hL.se financiÈl Sixlcnieryts 1>89e 10 CYMDEITHAS MUDIADALI GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 2022 2021 Notes Cash flows from operating activilies Cash generated frorn operation8 1124,3111 708,712 Nel cash lusecs inllprovided by opèrating activities 1124,3111 708,712 Cash flows from investing actlvitios Purchase of tangible fix8d assets Inlerest received 111,2641 344 736 Nel cash (used inllprovided by Investing activit165 110,9201 736 Change in cash and ca$h equiva18nts in the ieporting period Cash anil cash 8quivalents.at the beginning of th8 reportlng period 1135,2311 709,448 1,016,305 306,857 Cash and cash equivalents at the end of Ihe reportbng period 881.074 1,016,305 The notes form part of these fin8n¢ial statements Page 11 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2022 RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2022 2021 Net lexpenditurelllncofflè for the reporting period las per the Statement of Financial Activitlesl Adjustments for.. Depreciation charges Interest received Ilncreaselldecrease in debtors Increas81(dec￿aSÈl in creditors Difference between pension charge and cash contributions 1133.9521 494,177 13,764 13441 1234.4151 185,636 45,000 2,500 17361 183.613 16,8421 Net cash lus•d inyprovid8d by operations 1124,3111 708,712 A￿￿LySIs OF CHANGES IN NET FUNDS At 1.4.21 Cash flow Al 31.3.22 Net cash Cash at bank 1.016.305 1135.2311 881,074 1,016,305 1135,2311 881,074 Total 1,018,305 1135,2311 881,074 The notes form part ol these financial statements P8g8 12 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. have been prepared in aceordance with the Charities SORP IFRS 1021 'Ac¢ounting and Reporting by Charities.. Statement of Rectsmmendeij Practice applicable to charities preparing their accounts in accordance Wlth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effectivè 1 January 20191, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK 8nd Republic oi Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost COnV8ntion, as modified by the rev8luation of certain assets. Incgme All income 15 recognised in the Statement of Financial Activities onc& the charity has 8ntitl&ment to the funds, il is probable th81 the income will be received and the amount can be measured reliably. Grant$ receivable Grants r8ceiv3ble, including grants for the purchasè of fixed ass81s. are r8cognised in full in the Statement of Financial Activities in the year iri which they are receivable. Deferred income and payments received in advance represent amounts rec8ived for future periods and are released to incoming resources in the period for which they are received. Capital grants are treated as restricted funds an(5 are released to general fund5 by equal annual instalments on the same basis as th& depreciation charge applicable lo th8 asset concerned. Invostment Income Investment income represents bank d8POSIt Interest received and is recognised when receivable. other Income All olher income is included when receivabl8. Expenditure Liabilities are r8cognisèd as expenditure as soon 8s there is a legal or collslructive obligation cornrllilling tre charity lo that expenditu￿, it is probabl8 that a transfer ol econornic benefits will be r8quired in seltl&rnenl and the amount ol the obligation c8n be tn&a5ured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all c05t related to the category. Where costs cannot be directly attributed lo particular headings they have been allocated to acliMts'85 on a basis consistent wth the use ol resources. Grants payable are recognised in the Statam8nl of Financial Activities when payable. Allocation and apportionment of costs The cost of overall diroclion and adrninislration on each activity, comprising the salary and overhead costs ol the central function, is apportioned to the activity on the basis ol s18ff time or income as relevant. Tangibl8 fixed as58ts Depreciation is provided at the followng annual rates in order to write off each assèt over its estimated useful Freehold property Fixture5 and fittings Computer equipment 1°A on cost at varying rates on cost 100% on cost All fixed assets are held lor continuing use in the chariws activities an(J are recorded at cost at the time of acquisition. ImpairTnent reviews are carried out where necessary. The property was revalued in 2015 Irorn £275,709 to £370,000. Taxation The charity is exempt from corporation lax on its charitable activitie5. Page 13 continued... CYMDEITHAS MUDIADAU GWIRFOODOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 ACCOUNTING POLICIES - continued Fund 2CCOUllting Unrestricted funds are incoming r8sourc8s receivable or generated lor th8 objects of the charity ￿thout further specified purpose and are available as general funcls. Restricted funds can only be used for particular restricted purposes within the objects tsf the ch8rity. Reslriclion5 arise when specified by the donor or when funds a￿ raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund. together with a fair allocation ol management and support costs. Designated funds are reslricled funds earmarked by the trustees for a particular purposes. Furth8r 8xpl8nation of the nature and purpose of each fund is included in the notes to the financial slalements. Pension costs and oth8r post-retirom8nt benefits The company tsperates a defined benefit s¢h8me for it5 eligible employees as part of th8 Oyfed Local Authority Pension Fund. The a55ets ol thè scheme a￿ held separately from th058 of the charity. Pension costs are assessed in accordance with actuarial advice and bas&d on the most recent actuarial valuation of the scheme, whi¢h was last ¢arri8d out on 31 Maich 2016. These costs are accounted for on iho basis of charging the c05t of providing pension5 over the period during which the charity ben6f5ts fmm 8mployees seNces. The scheme wa5 closed tts new employees in the year to 31 March 2017. The pension cost for the year ending 31 March 2022 is based on the result of the actuarial valuation ol the s¢hem& as al 31 March 2016 using the assumptions as per note 16. The ¢ontribubons mad8 in r8SP8cI of th& accounting period to 31 March 2022 amounted to £42,670117.9Y. the gross pay af 81igible member employeesl,12021'. £44,710). The agreed ¢onlribulions until the next actuarial review of th8 scheme as at 31 March 2022 will be 21.10/0 per annum. In addition lump sum payments ale being made annually to be applied to the past service deficit. Th8se paytnents are as follows.. 2017-2018 .' £13,900 2018-2019 .. £11,200 2019-2020 .. E11.600 2020-2021.. £12,000 2021 -2022 £ 8.000 An analysis ol the fair value of the assets of the scheme. mov8ment in th8 scheme and rate of retum is disclosed in note 16. The pension scherne deficit is re¢ognised in full on the balance sheet in accordance with FRSI02. In addition the charity has opened a defined contribution scheme for new employees, ¥Mth N&sl. Contributions rn8dè in th8 yèar amounted lo £1,17712021 £1,307). INVESTMENT INCOME 2022 2021 Deposit account interest 344 736 Page 14 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 INCOME FROM CHARITABLE ACTIVITIES 2022 Activity Grants receivable 2021 Grants 792,623 1.189,844 Gr8nts received, included in th8 above, ar8 as follow5.' 2022 2021 WCVA Infrastructure Core Grant WCVA Youth Led Grants Scheme Ceredigion CC Delivery of CVC Services C8redigion CC Volunteer Recruitrnent and Rglention Ceredigion CC Disability Forum Hywel Dda UHB Integrated Care Fund Timebankinglcounty Led Pr8V8nlions Comi¢ Relief Grant Fund WCVA Active Inclusion Grant CCC Love Where You Live Grant WG Vol 21 Grant TrBnslormation Hub Grant TSSW Winter Pr85surEs Funding Regional Capital Care Home Grants CGC Isolation Penparcau CCC Isolalion & Loneliness 166,716 6.650 12,114 21,284 3,000 444,048 10,800 288,648 1.933 12,114 21,284 3,000 506.564 32.000 28,591 47,887 4.950 200.000 38,873 65,UOO 15,284 25.000 22,727 792,623 1.189,844 All funding received during this financial year was from the We15h Government. CHARITABLE ACTtVlTIES COSTS Grant funding of sctivities Is89 note Support costs (see note 61 Dirèct Costs 51 Totals Charitable activity Grants payable 734.642 33,012 767,654 234,046 234,046 734,642 234,046 33,012 1,001,700 Page15 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS . Gontinued FOR THE YEAR ENDED 31 MARCH 2022 GRANTS PAYABLE 2022 2021 Grants payable 234,046 60.584 The charitable company has in the year administered a grants scheme funded through the WCVA Youth Led Grants Scheme. The charity invites. as$e55es applications together with other interested parties and aw8rds funding to projects which fulfil the providers, scheme rules. In addition. it has also administered a giants schefne as part of the Int8grated Care Fund5 Caiing Communities Innovation Fund. SUPPORT COSTS Management Charitable acbvity 33,012 Support costs, included in the above. are as follows: Managernent 2022 Charitable activity 2021 Total Insurance Professional fees Sundries Auditor5 remuneration Other premises expenses Heat and light Governanc8 Bank charges 2.088 4,364 155 1.977 3.899 1,000 4,543 2,954 384 69 23,138 2,525 646 96 33,012 14,828 NET INCOMEIIEXPENDITUREI Net incomellexpendilurel is staled after chargingllcreditingl.. 2022 2021 Depr8ciation - ownèd assets 13,764 2.500 Pagè 16 continued. CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 TRUSTEES. REMUNERATION AND BENEFITS There were no tru5tees' remunèration or other benefits for the year ended 31 March 2022 nor ftsr the year ended 31 March 2021. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. There ￿re no transactions with trustees other than th8 payment of trustee's travelling 8xpens8s al the agreed rates. Th85e amount lo nil in thè ygar12021.. £nill. All trust8es were paid expenses in the year. STAFF COSTS 2022 2021 Wages and salaries Social security costs Other pension costs 202,371 15,273 89,506 227,683 17,274 83.635 307,150 328,592 Tha average monthly number of gmploye8s during the yèar was as follows.. Direct charitable Management and a(Jministration 2022 2021 No 8mployees received emolurn8nls in èxcess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund5 Reslrlct9d funds Total funds INCOME AND ENDOWMENTS FROM Charitable a¢livltie5 Grants r8ceivable 522,046 667.798 1.189.844 1nvestment iricome Other income 736 12,249 736 66,402 54,153 Total 535,031 721,951 1,256,982 EXPENDITURE ON Charitable activities Charitable activity Grants pay&ble 26e,245 435.976 60,584 702,221 60.584 Total 266,245 496,580 762.805 NET INCOME 268,786 225,391 494,177 Pa98 17 continu8d... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS . contlnuèd FOR THE YEAR ENDED 31 MARCH 2022 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted funds Restricted funds Total funds Transfers between funds 12,9731 2,973 Other recogni5ed gainslllossèsl Actu8ri81 gain51110ss6sI on defined benefit schemes 169.0001 169,0001 Net rnovement in fvnds 196.813 228.364 425,177 RECONCILIATION OF FUNDS Total fund5 brought forward 1574,6511 628,876 54,225 TOTAL FUNDS CARRIED FORWARD 1377,8381 857,240 479,402 11. TANG18LE FIXED ASSETS Fixtur8S and fittings Freehold property Computer equipment Totals COST At 1 April 2021 Additions 370,000 67,966 8,856 11,264 446.822 11.264 At 31 March 2022 370,000 67.966 20,120 458.086 DEPRECIATION At 1 April 2021 Charge lor year 10,000 2,500 67,966 8,856 11.264 86,822 13.764 At 31 March 2022 12,500 67,966 20.120 100,586 NET BOOKVALUE At 31 March 2022 357,500 357,5DO At 31 March 2021 360,000 360.000 The propety was r8valued in 2015 from £275.709 to £370.000. Page18 ontinued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022 12. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Trade clebtors Other debtors P￿paYt￿entS and accrued incorne 252.370 45.178 6.162 68.333 962 303,710 69,295 13. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2022 2021 Tradè creditors Other creditors Accrua15 and deferred income 22,180 3,954 243,700 413 25,844 57,941 269,834 84,198 14. LEASING AGREEMENTS Minimum leas8 payment5 under non-can¢ellable operating leases fall due as follows.. 2022 2021 Within one year 1,795 1,795 P&g&19 conlinued..- CYMDEITHAS MUDIADAU GWIRFOODOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- eontinuod FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.22 At 1.4.21 Unrestricted funds General Fund Designated Funds Volunt88r Centr8 WG Vol 21 1629,4291 104,000 197,992 145.9411 2,000 41,695 1477,3781 106.000 113,10DI 135,849 154,7951 111,7421 147,591 1377.8381 131,455 12,2461 1248,6291 Restricted funds Property Fund Community Transport Dev8lopm8nt Investors in Carers Youth Led Grant Fund Disability Forum ICF Funding R8valuation Reserve Primary Care Screening Community Led Prevention BOrth￿reQaron Ceredigion Tirnebankino Ne￿Ork Transformation Project WCVA Cornic Relief Grant Fund WCVA Active Inclusion Grant Transformation Hub Winter Pressures Grant CCC Isolation Penparcau Hub CCC Isolation & Lon8lin955 Fund TT8n5fomation Regional 270,301 5,870 3,227 12,5001 15,8701 13,2271 716 14621 199,7581 2,500 270,301 17161 462 349,876 94,291 11,500 5,957 20,775 3,335 13,858 38.425 41,825 250.118 94,291 11,500 5,957 20,775 13,3351 113,8581 133,7141 113.3551 24.955 12.2431 22.727 18,517 2,711 28,470 24,955 2,243 12.2431 20,484 18,517 857,240 1111,4071 2.246 748,079 TOTAL FUNDS 479,402 20,048 499,450 Page 20 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- continued Net movement in funds. included in the above are as follows.. Incomin9 resources Re50urc8S expended Gains and losses Mov8rn8nt in funds Unrestricted funds General Fund Volunteer Centre WGVOI 21 222,239 21,284 1178,2471 176,079} 111.7421 154,000 197,992 154.7951 111,7421 243.523 Restricted funds Property Fund Community Transport Development Investors in Carers Youth Led Grant Fund DisabiSity Forum ICF Funding CeredigiDn Timebanking N8tworf( Transformation Project WCVA Comic Relief Grant Fund WCVA Active Inclusion Grant Tran5fortn8b'on Hub Winter Pressures Grant CCC Isolation P8nparcau Hub CCC Isolation & Loneliness Fund Tr8nsfomation Regional 1266.0681 154,000 131,455 12,5001 15.8701 13,2271 15,9341 13,4621 1543,8061 110.8001 143,3351 113.8581 133.7141 113,3551 125,0451 127,2431 12,5001 15.870} 13,2271 716 14621 199.7581 6,850 3,000 444,048 10,800 40,000 13.3351 113,8581 133,7141 113,3551 24,955 12.2431 22,727 18,517 50,000 25,000 22,727 22,000 13,4831 624.225 1735,6321 1111,4071 TOTAL FUNDS 867,748 11.001,7001 154.000 20.048 Pa98 21 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - cont4nu8d FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- contlnued ComparatlV85 for movement in funds Nel Transfers between funds movemant in funds At 31.3.21 At 1.4.20 Unrestricted funds General Fund Desi9nat8d Funds Youth Volunteering Volunteer C8ntr8 WG Vol 21 1661,5651 86,914 91,783 159.6471 17.086 2,045 37.543 1629,4291 104.000 12,0451 137,5431 147,591 147.591 1574,8511 199.786 12.9731 1377.8381 Restricted funds Property Fund Community Transport Development 5nvestors in Carers Youth Led Grant Fund Disability Forum ICF Funding R8valuation Res8rv8 Primary Care Screening Cornrnunily Led Prevention BorthlTregaron Ceredigion Tirnebanking N8lwork Transformation Project WCVA Comic Relief Grant Fund WCVA Active Inclusion Grant Transformation Hub 270,301 7,028 4,598 1,038 17721 228,248 94.291 11,500 5,957 6.689 12.5001 11.1581 11.3691 11351 616 121,628 2,500 270.301 5,870 3,227 19031 156 349,876 94,291 11.500 5,957 20,775 3,335 13,858 36,425 41.825 14,086 2,115 13,858 36,425 41,825 1,220 628,876 225,391 2,973 857,240 TOTAL FUNDS 54,225 425,177 479,402 Page 22 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION ICEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- eontinued Comparative net movement in funds, included in th8 above are as follows-. Incoming resources Resourc85 expended Gains and losses Movement in funds Unrestrlcted funds General Fund Youth Volunteering Volunteer Centre WGVOI 21 313,747 1152,9641 12,0451 158,8271 152.4091 169,0001 91,783 12,0451 137.5431 147,591 21,284 200.000 535,031 Restricted fund$ Property Fund Cornmunity Transport Development Investors in C8rers Youth Led Grant Fund Disability Forum ICF Funding Ceredigion Timeb8nking Network Transformation Project WCVA Comic Relief Grant Fund WCVA AetlV8 Inclusion Grant Transformation Hub 1268,2451 169,0001 199,786 12,5001 11,1581 11,3691 18.068) 12,3841 1384,9361 117.9141 152,0381 112,7331 111,4621 11,9981 12,5001 11,1581 11,3691 11351 616 121,628 14,086 2,115 13,858 36,425 41,825 7,933 3,000 506,564 32,000 54,153 26,591 47,887 43.823 721,951 1496,5601 225,391 TOTAL FUNDS 1,256.982 1762,8051 169,0001 425,177 Page 23 continued... CYMDEifHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TOTHE FINANCIAL STATEMENTS- ¢ontinued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- continuad A current year 12 months and prior year 12 months combined position is as follows.. Nel movernenl in funds Transfers between funds At 31.3.22 Al 1.4.20 Unrestrlcted funds General Fund D85ignaled Funds Youth Volunteering Volunt8er Centre WG Vol 21 1661.5851 86,914 289,775 1105.5881 19,086 2.045 79.238 1477,3781 106,000 12,0451 192,3381 135,849 113,1001 135,849 1574,6511 331,241 15.2191 1248,6291 Restricted funds Prop8rty Fund Cotntnunity Transport Development Investors in Carers Youth Led Grant Fund Disability Forum ICF Funding Revaluali(>n Reserve Pritnary Care Screening Communily Led Prevention BorthlTregaron Ceredigion Timebanking Nelwork Transformation Project WCVA Active Inclusion Grant TransformBtion Hub Wint8r Pr&ssur8s Grant CCC Isolation Penparcau Hub CCC Isolation & Loneliness Fund Transfoim8tion Regional 270,301 7.028 4,596 1,038 17721 228,248 94,291 11.500 5.957 6.689 Is.0001 17,0281 14,5961 581 154 21,870 5,000 270,301 11,6191 618 250,118 94,291 11,500 5,957 20,775 14,086 11.2201 2,711 28,470 24,955 12.2431 22,727 18,517 1,220 2.711 28,470 24,955 2,243 12,2431 20.4B4 18,517 628,876 113,984 5,219 748,079 TOTAL FUNDS 54,225 445,225 499,450 Page 24 continued... CYMDEtTHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- Continued A current year 12 months and prior year 12 months combined nel movement In funds, included in th8 above are as follow5.. Incoming resourc88 R&sources exp8nded Gains and losses Movement in funds Unrestricted funds General Fund Youth Volunlegring Volunteer Centr8 WGVol 21 535,986 1331,2111 12,0451 1134,906) 164,1511 85,000 289,775 12.0451 192,3381 135,849 42.568 200,000 778,554 Restricted funds Property Fund Community Transport Development Investors In Carers Youth Led Grant Fund Di58bility Forum ICF Funding Ceredigitsn Timebanking Netwot Transformation Project WCVA Comic Reli8f Grant Fund WCVA Active Inclusion Grant Transformation Hub Winter Pressures Grant CCC Isolation P&nparcau Hub CCC Isolation & Loneliness Fund Transforrllalion Regional 1532,3131 85.000 331,241 15,0001 17,0281 14,5961 114.0021 15.8461 1928,7421 128.7141 195,3731 126,5911 145,1761 115,3531 125,0451 127,2431 15.0001 17,0281 14,5961 581 154 21,870 14.086 (1.2201 14,583 6.000 950,612 42.800 94,153 26,591 47,887 43,823 50,000 25,000 22.727 22,000 2,711 28,470 24,955 12.2431 22,727 18,517 13,4831 1,346,176 11,332,192) 113,984 TOTAL FUNDS 2,124,730 11,764,505) 85,000 445,225 DESIGNATED RESERVES 2021 Movement 2022 Designated staff contingency fund Designated office premises fund Designated IT development fund 60,000 28,000 16,000 2,000 62.000 28.000 16,000 104,000 2,000 106,000 Page 25 corYtinLJed... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- Continued RESERVES 2021 Movement 2022 Restricted funds Revaluation re5erv6 762,949 94.291 1109.161) 653,788 94.291 To181 restricted funds 857.240 1109,161} 748.079 General reserves Pension fund Designated fund 400,162 1862,0001 104.000 18,209 109,000 2,000 418,371 1773,0001 106.000 479,402 20,048 499.450 UNRESTRICTED RESERVES 2022 2021 Brought forward Incoming resource5 Outgoing resources Transfer FRS102 pension cost Transfer from designated 400,162 243,523 1266.068) 12,2461 45,000 12,0001 115,435 535,031 1266.2451 12,9731 36,000 117,0861 G8n8ral reserves 418,371 400,162 PURPOSE OF RESTRICTED FUNDS Information Servlce This fund finances th8 provision ol an infomation service lor the placing and matching of volunteers wth volunteer vacancies,. provides support and information seryices and promotes good practice. In the year transfers as disclosed on page 15 have been made lo g8n8ral funds to meet core costs ol supporting volunteering. Property Fund This fund relates lo the purchase ol office premises for the charity in 2001, which was funded by the National Lottery Community Fund with a grant of £284,414. This fund is retained as 8 restricted fund under the terms ol th8 grant, which 5tat8 that the building cannot be 501d for 80 years from the dat8 of the grant. In the opinion ol the trustees. it is reasonable to set this fund against the pension liability for the puipose of calculating free reserves. as in the very iemote likelihood of the pension liability crystallising, it should prove possible to rcalise the property fund lo meet it. Community Transport Dèvèlopmènt This project r81ated lo funding received to SUPPOrt the employment of a Comrnunily Transport Officer post for Cer8digion with the specific purpose of assessing transport needs in rural communities and supporting community group5. Funding had been received from Ceredigion County Council from the Welsh Government's Regional Transport Service5 Grant but was expended in 2017. Youth Led Grants Fund This fund relates to gi8nt5 receiv8d and paid out to projects in respect of the Youth Led Grants Scheme. Investors in Carers This was Welsh Govemment Carers Transitional Plan fundino through Hywel Dda University Health 8oard lo provide support and facilitation for Primary and Secondary Car8 settings to participate and acheive the Investors in Carers Ilinc) Awards. This funding source was expended in 2017. Page 26 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS. ¢ontinued FOR THE YEAR ENDED 31 MARCH 2022 15. MOVEMENT IN FUNDS- conlinu•d Cgunty Led Prevention . Borth and Tregaron This is funding oc8ived tD understand, share and 8nhance what rnakes Borth Tr&garon resourceful and resilient cornrnunilies, building on service SLJStainability improving access to existing community services. Due to Covid 19 restrictions spending on this proj8Ct has been deferred. Disability Forum This is funding from Ceredigion County Council to facilitate the Ceredigion Oisability Forum which meets regularly to ensure the needs and i55ues of those who a￿ less able a￿ brotjght lo the attention ol public service providers. Inte9rated Car8 Fund Adminis16r&d by the seven regional partnership boards established under the Social Services and Wellbeing IWale51 Act 2014. this knnd help5 health boards and partners lo work together to support.. Frail and oltjer people People with a learning disabillLy Children with Complex needs due to disability or illness. The fund helps SUPPOrt older people lo maintain their independ&nGe and r8main at home, avoiding unnecessary admissions to hosp5tal or residential care and delays when someone is due to be discharged from care. Timebanklng Ceredigion This is funding from Hywel Dda Health Board Iceredigion County Led Prevention Team) lo pilot a Ceredigion Timebankirig neNvork lo recognise and valu8 the contribution of individuals and encourage rnore people to identify their 5tr8nglhs and build social nefftrks through volunteering. Transformation Fund The Wesl Wa18s Regional Partnership 8oard d8veloped a règional response to the Welsh Government's 'A Healthier Wale5' programme. Within priority action 4 is a programme called Creating Conneciions for All. CAVO is a key delivery partner in this programme which focuses on the development of a region81 set of activities to In￿NtIvIS￿ activ8 ¢ilizenship, based on an intergeneralional approach that fosters and nurtures connections lo alleviate loneliness and isolation prevalènt in many of our cornmunities. PURPOSE OF DESIGNATED FUNDS D85ignated Staff Contingen¢y Fund This fund has been designated to m68t potential futurg costs sueh 8s redundancy and unexpect8d increases in the rate of pension contributions. Designated Office Premis85 and Furnlture Replacement Fund This fund has been designateLf by the Iruslees to a551sI with the fefurbishment, renovation and maintenance of the office building and replacement of furniture and Bquipment as r8quired. Dèsignated IT Development Fund This fund has been designated lo enable CAVO to maintain IT systems al the consistent high standard required to support the charills aclivilies. Page 27 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TOTHE FINANCIAL STATEMENTS-¢onlinued FOR THE YEAR ENDED 31 MARCH 2022 16. EMPLOYEE BENEFIT OBLIGATIONS Defined benefit scheme The company operates a defined benefit scheme in the UK. A full actuarial valuation was carried out at 31 March 2019. The amounts r8cognis8d in the Statement of Financial Activities ar6 as follows.. Defined benefit pension plans 2022 2021 Current service cost N81 interest from n8t defin8d b8n8fil assevliability Past service cosl Administration expanses 70,000 61.000 17,000 19.000 1.000 1.000 88.000 81,000 Actual retum on plan assets 123,000 358.000 Changes in the present value of the defined benefit obligation are as follows- Defined benefit pension plans 2022 2021 Opening defined benefit obligation Current servioe cost Contribution5 by 5chama participants Interest cost Lossllgainl on assumptions Benefits paid 2.593,000 70,000 11,000 53,000 167,0001 131.000} 2,105.000 61.000 11,000 51,000 396,000 131,0001 2,629,000 2.593,000 Changes in the lair value of scheme assèts are as follows.. Defined b8nefit pension plans 2022 2021 Opening fair value of sch8me assets Administration expenses Contributions by ernployer Contributions by scherne participants Benefits paid Interest on plan asseis Remea5urements lassetsl 1,711,000 11,0001 43,000 11,000 131,000} 36,000 81,000 1.328,000 11,0001 45,000 11,000 131,0001 32,000 327,000 1.856,000 1.711,000 Page 28 onlinued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2022 16. EMPLOYEE BENEFIT OBLIGATIONS- continued The amount5 recognised in other recognisgd gains and 105ses are 85 follows.. Defined benefit pension plans 2022 2021 Actuarial gain51llossesl 154.000 169,0001 154,000 169,0001 Thè m8jor categories of schemè assets as amtsunts of total scheme assets are as follows= Defined benefit pension plans 2022 2021 Equities Government bonds Other bonds Property Cash liquidity Other 1,341,000 24,000 147,000 243,000 32,000 69.000 1,266,000 198,000 190.000 21.000 36,000 1,856,000 1,711,000 Principal actuarial assumptions at the Statement of Financial Position date (expressed as weighted kv8ragesl'. 2022 2021 .2.100/0 4.20Y¢ 2.80Q/d 2.TOV/fj Discount rate Future salary increases Futu￿ pension increase5 CPI inflation 4.80Yo 3.40° 3.30Vo The conlributiolls made in respect ol the accounting period to 31 March 2021 amounted to £43,329 12021 £46,328) of which nothing wa5 outstanding bt the year end. Defined contribution scheme The charity has opEn&d a defined contribution scheme for new employees. The assets of the scheme are held in a Nest independently managed scheme. The costs charged represent contributions made during the year and amounted to £1.17712021 £1,3071, Nothing was outstanding al 31 March 202212021 £nill. Page 29 continued... CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2022 17. CONTINGENT LIABILITIES There were no contingent liabilities as at 31 March 202212021.. Nill. 18. RELATED PARTY DISCLOSURES There were no ￿lated party transactions lor the year ended 31 March 2022. 19. MEMBERS. LIABILITY Mèmb8rs of the charitable eompany guarantee to contribute an amount not exceeding £1 to the 8ssels of the company in the event ol a winding up. Paoe 30 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 2022 Ttstsl fund5 2021 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Investment income Deposit account iTFlere8t 344 344 736 Charitable activities Grants 230,398 562.225 792,623 1,189,844 other income Income generation 12,781 62,000 74,781 66,402 Total in¢omSng r850urces 243,523 624,225 867,748 1,256.982 EXPENDITURE Charilable activities Wage5 So¢ial security Pensions Telephone Postage. printing. stationery Travel and subsistence Training Outreach costs Subscriptions and affiliations Advertising and promotion Computer maintenance and software Integrat8d Care Fund Timebanking project Infrastructure grallt funding Welsh Gov 21 grant expendilura Transformation project Freehold property Computer eouipment Granls to Institutions 149,632 13.244 88.329 2,260 1.403 12 192 84 1,740 52,739 2,02g 1.177 202,371 15.273 89,506 2.260 1,403 54 288 227,683 17.274 83,635 4,714 1,232 44 255 12 42 96 1,740 68 5,243 397.187 68 2,110 4,789 323.300 700 5.243 397,187 17571 2,675 17571 2,675 3,483 2.500 11.264 234.046 16,351 1.679 2.500 3,483 2,500 11.264 234.04e 60,584 275,321 693,367 968,688 747,977 Support costs Management Insurance Professional lees Sundries Auditors rernuneratlon Other premises expen58S Heat and light Carried forward 2,088 4,364 155 2.088 4.364 155 1,977 3,899 1,000 4.543 2.954 14,375 15,837 2.525 24,969 7,301 23,138 2,525 32,270 7,301 This page does not form part of the st8tutory financial statèrn8nls Page 31 CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTlVtTIES FOR THE YEAR ENDED 31 MARCH 2022 2022 Total funds 2021 Tolal funds Unrestricted furids Restricted funds Management Brought forward Governance Bank charges 24,969 646 96 7,301 32,270 646 96 14.375 384 69 25,711 7,301 33.012 14.828 Ttstal resourc8$ 8xpend8d 301,032 700,668 1,001,700 762.805 Net income 157,5091 176,4431 1133,9521 494.177 This page does not lom part of the slalutory financia5 statèments Page 32