2023-03-31-accounts

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Impact Report 2022-2023 Cymdeithas Mudiadau CAiIO . CAVO of Voluntary Organisations Cefnogi Tryclydd Sector Cymru Thifd Sector Support Wales

CAVO Impact Report 2022-2023

Foreward

Welcome to the 2022-2023 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. CAVO worked with colleagues from PAVS and CAVS to establish a regional entity to explore ways to further strengthen our collective support of the Third Sector and Volunteers in West Wales. Galluogi Enable 3 was incorporated on the 2nd of November 2022 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 and sustainable funding.

The highlight of this reporting year without doubt was the National Eisteddfod’s visit to Ceredigion. The CAVO Team worked closely with the Wales Council for Voluntary Action to ensure that a number of third sector groups, representing a breadth of activities and support, had a presence on the Ceredigon National Eisteddfod Maes held in Tregaron during August.

In September we opened our doors and welcomed Barclays Bank to share our Office twice a week to ensure that people in the Lampeter area continue to have access to essential banking facilities following the closure of the local branch.

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

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CAVO Impact Report 2022-2023

CAVO Staff 2022/2023

Chief Executive

Finance & Business Operations Manager

Engagement & Collaboration Manager

Support & Skills Manager

Communications & Fundraising Officer

Volunteering Officer

Volunteering Opportunities Officer

Community Volunteering Development Officer

Community Resilience Officer

Hazel Lloyd Lubran

Christine Glasson

Chesca Ross

Teleri Davies

Rebecca Kirby (from June 2022)

Trish Lewis

Callum Jones (from June 2022)

Kate Naidoo (until May 2022)

Llywelyn Edwards (from June 2022 until Sept 2022)

CAVO Trustees 2022/2023

Chair

John Jones

Vice-Chair

Anne Pratt Vice-Chair William Morris Treasurer

Dylan Wilson-Lewis

Independent Auditors: Bevan and Buckland Employment / Health & SAGE Safety Advice:

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CAVO Impact Report 2022-2023

Performance 2022/2023 Who we worked with: 104 260 250 Organisations Interactions with Attendees at networks, supported with direct third, public and partnerships, forums, information and advice private sectors events and training

Funding awarded to third sector organisations following support from CAVO

£1.2m from CAVO Volunteers supported with volunteering and registered on 83 Volunteering Wales, living in Ceredigion

CAVO Grant Schemes

£142,346 Funding distributed to third sector organisations via CAVO

104

Grants distributed to organisations within Ceredigion

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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 19th June 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.

In July, CAVO successfully gained 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 continue to develop the Ceredigion Connect platform as an online space for third sector groups, communities and volunteers to share information, learn and network.

A new resource developed by Third Sector Support Wales, Whether you’re new to the third sector or want to take your skills to the next level, our free resources are designed to help you stay informed, improve your knowledge and connect with others.

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CAVO Impact Report 2022-2023

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 and regional partnerships.

Spotlight

CAVO staff 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 highlighting cost of living challenges and access to facilities.

The CAVO Team worked with colleagues at Ceredigion County Council to deliver a Welcome Spaces programme on behalf of the Ceredigion Public Services Board which supported 49 community projects across Ceredigion which offered a warm, friendly space for people to come together over the winter months.

CAVO staff worked with partners and CAVO members to arrange and attend a series of drop in events to help people maximise their income and reduce their cost of living.

The CAVO Team were involved in the process of gathering views from the sector to shape the Ceredigion Public Services Board Wellbeing Assessment - which will be the foundation for Ceredigion’s next 5 year Wellbeing Plan.

infoengine

Infoengine, a free online directory of third sector community services, connected to Dewis Cymru.

147 registered organisations 216 services published

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CAVO Impact Report 2022-2023

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 monies from the Regional Integration Fund (RIF), Welsh Government Warm Welcome Fund and the Loneliness and Isolation Funding.

Involvement in the decision-making process for the Cynnal y Cardi panel to distribute the Rural Development Fund, Cambrian Railway Partnership Grant and the Dr Dewi Davies Endowment Fund.

Spotlight

Following first stage success, the CAVO Team, alongside Area 43, continued to work with a number of youth involving groups across Ceredigion to co-design an application which was submitted to the Lottery's Mind Our Future programme in November - to put young people in the lead so that they can imagine and create a more resilient and mentally healthy future for young people.

CAVO continue to administer the Caring Communities Grant Scheme and actively seek opportunities to grow the fund to support the third sector and communities. During 2022-23 we distributed over 100 grants across Ceredigion to support warm spaces, first aid training and activities to combat social isolation.

Following a successful Funding Fair in November, the CAVO Team established a Funders Forum to bring together key funders to network and share information.

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.

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CAVO Impact Report 2022-2023

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 people to support volunteers and share skills through the Ceredigion Connect platform.

Spotlight

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 topics such as youth volunteering and understanding volunteering trends.

During this period we gathered groups for the first hybrid meeting to give attendees the opportunity to gather in person.

CAVO supported Cymorth Ceredigion Homestart, Neuadd Aberporth Hall, RAY Ceredigion and Aber Food Surplus to achieve Investors in Volunteers quality standard accreditation.

During the first week in June the CAVO Team organised a number of promotional events and activities to mark Volunteers Week.

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.

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CAVO Impact Report 2022-2023

Financial Summary

Income for 2022-2023

Other Income £15,782 (3%)

Grants For Distribution £216,172 (40%)

Core Funding £217,564 (40%)

Projects Funding (other sources) £90,700 (17%)

Expenditure for 2022-2023 Restricted Services & Projects

£71,304 (14%)

Pension Scheme Liabilities £48,000 (9%)

Governance & Support Costs £252,433 (49%)

Grants Distributed £142,346 (28%)

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CAVO Impact Report 2022-2023

What Next?

To improve support for Third Sector Managers and Trustees and recruit others to assist in the management of third sector groups in Ceredigion.

Explore further opportunities to grow our existing grant scheme to invest in the Third Sector and community activities.

Ensure that the third sector are able to access emerging funding programmes to regenerate communities and increase skills.

Create opportunities to enable more people to contribute their time to make a difference to their own lives and the lives of others and be active citizens.

Ensure that the voice of the third sector shapes and influences the work of Strategic Partnerships.

Promote the role of community hubs as places that provide essential support and social opportunities for people across Ceredigion.

Support community venues to identify measures to save energy and reduce costs.

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CAVO Impact Report 2022-2023

Membership List

Abbeyfield Wales Society (Aberystwyth) Aberarth Neuadd Llanddewi Aberarth Village Hall
Aberporth Village Hall and Recreation Ground
Advocacy West Wales/Eiriolaeth Gorllewin Cymru Pembroke
Age Cymru Ceredigion (now Age Cymru Dyfed)
Arts4Wellbeing
Arts Care Gofal Celf Barod
Blood Bikes Aberystwyth 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 Cilcennin Cyntaf
Citizens Advice - Ceredigion 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 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 Penparcau Community Forum Yr Hwb Pentir Pumlumon Plant Dewi
Preseli Rural Transport Association ProMo-Cymru
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 Wildlife Trust of South & West Wales Transition Llambed Development Trust
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 Prostrate Cancer Support Group West Wales Rivers Trust

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CAVO Bryndulais 67 Bridge Street Lampeter Ceredigion SA48 7AB

01570 423 232 gen@cavo.org.uk www.cavo.org.uk

CAVO wish to thank the wide range of funders who supported our work and the work of the sector across Ceredigion, including Welsh Government, the Hywel Dda University Health Board and Ceredigion County Council.

CAVO is a Registered Charity (1061364) and Company Limited by Guarantee (33323924)

REGISTERED COMPANY NUMBER.. 03323924 (England and Wales) REGISTERED CHARITY NUMBER.. 1061364 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 FOR CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwesl Pembrokeshire SA612BP

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Pag8 R8port of the Truste88 Independent Examiner's Report statement of Financial Activities statement of Financial Position StateEnent of Cash Flows Notes to the Statement of Cash Flows Notes to the Financial Statements 12 to 29 Detailed Statement of Financial Activities 30 tts 31

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 The trustee5 who are also directors ol the charity for the purposes of the Companies Act 2006, present their report with the financial slalements of the ch8rily for the year ended 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and aims CAVO, as the County Voluntary Council ICVCI for Ceredigion, works across four pillars of activity lo support the third sector in Ceredigion Volunteering., Good governance.. Sustainable funding.. Engagernenl and influencing. We deliver our services in collaboration with key partners through- the provision of information and advice.. opportunities to network and learn., shaping, influencing and building the social capital and resilience of the sector.. raising the prDfile of the sector. Ensuring our work deliver5 oyr aim CAVO'S Business Plan 18 delivered by an annual Work P13n which is developed annually by Iruslees and staff lo ensure that our future 8Ctivilies are in-line with our aim as a Charity. Progress is reported to the CAVO Board at every meeting. monitored by CAVO staff quarterly with a 6 monthly staff and trustee review Financial budget reports and future fullding opportunities are presented at tru51ee meetings to discuss and agree are85 of future development. The Chief Executive and the Finance and Business Opeialions Manager lo attend all board meetings. CAVO staff participate in woik planning and ieview meetings and called lo attend Board meetings lo presènt on specific matter8 of Interest Bo8rd Members are allocated specific activity areas to encourage trusleeldirectors lo have a greater insight and understanding ol specific areas ol CAVO service delivery. Our customer and 5t8ff survey system continuously monitor the quality of the 58rvice we provide and the needs of the sector locally. Finding5 presented to the Board and shared with Staff. Results are shared in our Annual Report. Page 1

CYMDEITHAS MUDIADAU GWIRFOODOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 OBJECTIVES AND ACTIVITIES Significant activities Good Governance CAVO has a small but well-eslablished team of experienced staff to support groups to set-up and manage projects, provide information on legal issue8 ¥&id new developments aflecling the 8e¢tor. Our work is deliverei, in collaboration with other specialist organi58lions. Sustainable Funding The GAVO Teatn support third sector group5 to access funding and develop fundraising inilialives through the Of9anisation of regular briefings, fundraising event5 and training to ensure that the Sector has the right skills, inforrnalion and direct access to significant funders in Wales. CAVO also proactively encourage organi58tions lo use the Funding Wales portal lo search for funding opportunities. CAVO staff have been influential in the adrninistralion and allocation of key funds in Ceredigion including the Welsh Government Loneliness and Isolation Fund, Ceredigion Youth Led Grants. Regional Integration Fund and the Rural Development Programme Cynnal y Cardi Loca5 Action Group. Volunteering The Volunteering Team promote volunteering and provide informatlon. 8dvice and support lo help people choose the right volunteering opportunity and offer advice lo organisalions on how to reciuit, relain and support volunteers. The team pro-actively encour8ges the use of the Volunteering W8le5 website tts promote volunteering opportunities in Ceredigion. During the year. CAVO funded and supported 5 third sector groups to attain Investing in Volunteers accreditation. Engagement and Influence As the umbrella body for the third seetor in Ceredigion, the team represent the voice of the sector on a number ol key slralegic partnerships, fora and planning groups locally and reoionally, including the Ceredigion Public Services Board IPS81 and its Project Groups, along with the West Wales Regional Partnership Board and ils relevant workstreams. Cefedigion third sector fora and briefing sessions are arranged to ensure that the seclor is informed of developrnents and has an opportunity to engage in strategy, policy and service development and the CAVO Team wort(ed closely with the Wales CourEcil of Voluntary Action to ensure that a number of third se¢lor groups representing a breadth of aclivilie5 and SUPPDrt, had a presence on the Ceredigion National Eisleddlod Mae5 held in Tiegaron durifjg August 2022. CAVO staff continued to support the Disabled Peoples 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 worked collaboratively with Ceredigion County Council staff through the Ceredigion PSB to support 2nd fund a network of 49 Wam Welcome Spaces in ¢omFnunities across Ceredioion. A more detailed review of activities is available in a separate annual report presented 8t the Annual Gengral Meeting. Collaboration CAVO has a close working relationship with neighbouring CVC5 and in September 2012 a Memorandum of Understanding was signed with counterparts in Carrnarthenshire, Pembrokeshire and Powys. CAVO worked with colleagues from PAVS and CAVS to establish a region81 entity lo explore ways lo further 51renglhen our collective support ol the Third Sector and Volunteers in Wesl Wales. Galluogi Enable 3 was incorporated on the 2nd of November 2022. CAVO is also a part of Third Sector Support Wales - a network of support organisations for the whole of the third Sector in Wales, consisting of the nineteen County Voluntary Councils ICVCS) and the naii'onal support body, Wales Council for Voluntary Action (WGVAI. Public benefit The trustees have 8 duty to report on 'public benefit, by explaining the significant activities undertaken in order to carry out the aims for the public benefit. and achievements rneasured against those 8ims In addition, the Iruslees will be required to confirm Ih8t they have had regard lo the Charity Commission's guidance on public benefit. Page 2

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 ACHIEVEMENT AND PERFORMANCE Charitsble activities A review ol activitie5 15 available in a separate annual report, presented at the Annual General M&eling. FINANCIAL REVIEW Financial position The results of the charitable company are shown in the Statement of Financial Activities on page 8. UNRESTRICTED FUND 2023 2022 Net surpluslldeficitl reserves (Before transfers and pension) 179.512) 266,068 Nel surpluslldeficitl reserves (After transfers and pension) 842.488 129,209 Actuarial gainlllossl lincluded above) 922.000 154,000 RESTRICTED FUND 2023 2022 Net Ideficit)Isurplus re5eives IBefore transfe[51 109.147 1111.4071 Net Ideficitllsurplus reserve5 (After tiansfersl 109,147 1109.161} Investment policy and objectives The Irustees, inve5tmenl powers are govemed by the Memoralldurn and Articles of A550ciation. The trustees have a policy ol keeping any Surplus 8s liquid funds in high interest-bearing short-lem dep0511s, which can be accessed readily. In July 2022 Trustees opted lo open an account with the Flagstone Inveslrnent Platfoim lo decrease the risk identified by the Trustees associated with holding balances which exceed the £85,000 FSCS compensation protection limit in one bank. Re5erve5 policy The Iruslees airn to set aside reserve5 to provide financial stability and the me8ns lor the developrnent ol the charitable companls principal aclivily. Following consideration of the major risks the chziilable company faces, a three tier policy on iesetves has been established. This will establish reserves lo meet short lemi changes, reserves to enable planning for growth and long term reserves lo reduce the ri5k8 posed by large external changes in funding. The level of reseeS required under the new policy 15 regularly reviewed and the trustees feel that in light of the cUrn1 financial clirnate il is prudent lo maintain ieserves at their cuirent level. In addition the trustee5 do not feel that the pension reserve ol £101,000 represents a designated fund, as Il does not result in an immediate cash reSee.The trustees are currently confident that the charitable company can meet contributions from projected future inGome. Going concern There afe no material uncertainties about the charity'5 ability to continue as a going concern. FUTURE PLANS Details ol future developments are available in a separate annual report, presented at the Annual General Meeting. Page 3

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGSON I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 STRUCTURE, GOVERNANCE ANO MANAGEMENT Governing document The organisatlon Is a charitable CDTllpany limited by guarantee, incorporated on 25 February 1997 and registered as a charity on 18 March 1997. The company was established undei a Memoranclum of Association which eslablistted the objects and powers of the charitable company and is governed under ils Articles of Association. Recruitment and appointment of new trustees The organisation is a charitable company limited by gLJarantee, incorporated on 25 February 1997 and gIstered as a charity on 18 March 1997. The company was established under a Memorandum of As80¢ialion which established the objects and powers ol Ihe charitable company and is governed under ils Articles ol Association. Recruilmenl and appointment of new Iru5tees Members of 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 to the dale of this report, are set out below. The trustees are appointed by the members al the Annual General Meeting or othenvise appointed by the Iruslees where there is a vacancy. One third of the trustees retire al each Annual General Meeting by rolation. If wlling to act, they Can be r8appoinled. Prior to each Annual General Meeting, mertiber organisations are encouraged lo nominate individuals for appointment. The Board may also appoint a person willing to act as a trustee to either fi15 a vacancy or as an additional Iruslee. The board meets bi-monthly. A full time chief executive, appointed by tho Iruslees, manages the day lo day operations ol the charity. Induction and trainin9 of new trustees New trustees receive a corrprehensive induction pack and h8ve the benefit of 8n induction session to brief them on their legal obligations under charity and company 18W, the content of which include5 the Memorandum and Articles ol Assoeialion, the committee and decision making process and business plan. Trustees are encoura9ed to attend appropriate external training events where these will facilitate the undertaking of their role and a training session feedback fom has been devised so that information gathered al events can be passed on to all trustees. Risk management The Iruslees have conducted a review of the major risk5 to which the charitable company is exposed and system8 have been e8lablished to mitigate those risks 2nd 8n8ble regu18r reports to be produced so that the necessary steps can be taken lo lessen those risks Inlemal risks are minimised by the implementation ol procedures for authorisaliofi of all Iran88clion8 and projects and lo ensuie consi81enl quality ol deSivery for all operglional aspects ol the charitable cornpany. These procedures are periodically reviewed to ensure thal they still meet the needs of the charitable cornpany. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03323924 (England and Wales) Registered Charity number 1061364 Registered office Bryndulais 67 Bridge Street Lafflpeter Ceiedigion SA48 7AB Page 4

CYMOÉITHAS MUOIADAU GWIRFDDDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSYEES FOR THE YEAR LNDED 31 MARCH 2023 Tru$tBes J L Jvnes- CAVO c.hair W J fvlorris- Tre?5urer A C PraX- Vlce Clialr Ci Wll$oTrLewi5 Company Secrètsry Pl Lloyd Lubran Independent Examln2r Beyan Buckland LLP Chartered Atcounlanls 4fj High Slr8ei HaverfoidwBsl Pembrokeshire SA6128P anker8 CAf Cash Limileij PO Box 289 Wesl M8I1ing Kent ME19 4TA Scottish Widow5 67 M¢rri50n Street Edinburgh EH3 8YJ Virgin MDney Jiibllee House Goslortb N8w¢Bslle upon Tyne NE3 4PL Investment Plsttorrn Flagstone Group Ltd Isl 09r. Cl3ferice Flouse 25-27 Oxendon Sireel Lor.don SW1Y 4EL 27.1. Approved by older of le boa ol tfUSle88 Qn............ anl 5'.gped on ils behalf by.. W J I•0ffl5 Troa¥urer- Truslee Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION ICEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Independent examiner's reptsrt to the trustees of Cymdeithas Mudiadau Gwirfoddol Cerecligion I Ceredigion Association Of Voluntary Organisations I'the Company'l I report lo the charity tru51ees on my examination ol the accounts ol the Cornpany for th2 year ended 31 March 2023. Responsibllities and basis of report As the charills trustees of the Company land also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in anrordance with the iequirements of the Companies Act 20061'lhe 1906 Acl'l. Havillg satisfied myself that the accoullls ol the Company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent exgmination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out rny examination I have followed thè D1CtionS given by the Charity Commission under Section 145151 Ibl of Ihe 2D11 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner mu81 be a member of a listed body. I can confirm that l am qualified to undertake the examillation because l am a member of the Inslilule of Chartered Accountants in England and Wale5, which is one of the listed bodies. I have completed my examination. I confirm that no matters have corne to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Cornpany as required by Section 386 01 the 2006 Act., or the accounts do not 8¢¢0rd with those records., or the 8ccounts do not comply with the accounting requirernenls of Section 396 of the 2006 Act other than sny requirement that the 8ccounts give a true and fair view which is not a matter considered as part ol an independent exarnination., or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice lor aocountirig and reporting by charities 18pplicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10211. I have no concerns and have corne across no other fflatters in connection with the exarninalion to which attention should be drawn in thi3 report in order lo enable a proper understanding of the accounts to be reached. Alun Evans Bevan Buckland LLP Ghartered Accountants 45 High Street Havertordwest Pembrokeshire SA612BP Dale.. Page 6

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATSONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unreslricled funds Reslricled funds Notes INCOME AND ENDOWMENTS FROM Charitsble activities Grants receivzble 191,115 261,022 452,137 IY2,623 Investment incorne Other income 10,132 26.449 10,132 81.449 344 74,781 55,000 Total 227,696 316,022 543.718 887.748 EXPENDITURE ON Charitable activities Charitable activity Grants payable 252,433 6,775 81,304 125.571 333,737 132,346 767.554 234,046 Defined benefit pension costs 48,000 48,000 Totsl 307,208 206,875 514,083 1.001,700 NET INCOMEIIEXPENDITUREI Other reEognised gainslllossesl Actuari81 gains on defined benefit schemes 179,5121 109,147 29.635 1133.9521 922,000 922,000 154,000 Nèt movement in funds 842,488 109,147 951.635 20.048 RECONCILIATION OF FUNDS Total fund8 brought forward 1248.8291 748,079 499,450 479,402 TOTAL FUNDS CARRIED FORWARD 593,859 857.226 1,451,085 499,450 The notes form part of these financial statements Page 7

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF FINANCIAL POSITION 31 MARCH 2Q23 2023 Total funds 2022 Total funds Unrestricted fund8 Restricted funds Notes FIXED ASSETS Tangiblp assets 5,408 349,592 355,000 357,500 CURRENT ASSETS Debtors Cash at bank 12 82,001 569.064 93,712 1.057,598 303.710 881.074 488,534 500,245 651,065 1.151.310 1,184,784 CREDITORS Amounts falling due wthin one year 13 112,7941 1143.4311 1156,2251 1269,8341 NET CURRENT ASSETS 487,451 507.634 995,085 914,950 TOTAL ASSETS LESS CURRENT LIABILITIES 492,859 857,226 1,350,085 1,272,450 PENSION ASSETIILIABILITYI 16 101,000 101,000 1773.0001 NET ASSETS 593.859 857,228 1,451,085 499.450 FUNDS Unrestrioted funds Reslricled funds 15 593,859 857,226 1248,6291 748,079 TOTAL FUNDS 1.451.085 499,450 The charitable company is enlilled lo exemption from auclit under Section 477 of the Comp8n18s Act 2006 for the year ended 31 March 2023. The mernbers have not require¢S the cornpany to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for lal ensuring that the charitable company keeps accounting record5 that comply with Sections 386 and 387 01 the Companies Act 2006 and preparing financial staterNen15 which give a true and fair view of the state ol affairs of the ch8ritable company as al the end ol each financial year and of its surplus or deficit for each firTrancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the iequirernents of the Companies Act 2006 relating to financial slalements, 50 far a5 3pplicable to the charitable company. Ibl The notes form part of these financial statements Page 8 continued...

CYMDEITHAS MUDIADAU GRF0DD0L CEREDIGION I CEREUIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF FINANCIAL POSITIQN . continued 31 MARCH 2023 These finoncial 51atemenls hÈiJe been prepared in accoidance wilh th& provisions spplicable to charitable Gonipanie5 subjeGI lo rhe srnall ootnpan"'e$ reglme. TIIE h'nancial slaipmenis wew approved by tho 808rrl of Tru61ees and auihorised fo," i88u& .J.1. 4.o.,...2Q..4.4 and wefe sigll8d on ils behalf by.. on W J Klorris- Tr8a$urer- Trublge The nole$ form parf ofthese;:nancial staiemÈnls P39¢ 9

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 2023 2022 Noles Cash flows frorn operating activities Cash generated from operations Net cash provided byllused in) operaling activities 166,782 1124.3111 168,782 1124,-rt11 Cash flows from investing aotlVLties Purchase ol tangible fixed assets Interest received 13901 10,132 111,2641 344 Nel cash provided byllused inl investing activities 9,742 110.9201 Change in cash and cash equlvalents In the reporting pertod Cash and cash equivalent5 at the beginning of the reporting period 176,524 1135,2311 881.074 1.016,305 Cash and cash equivalents at the end of the reporting period 1.057,598 881.074 The notes form part of these financial statements Page 10

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2023 RECONCILIATION OF NET INCOMEIIEXPENDITUREI TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 2022 Net incomellexpenditurel for the reporting period las per the Statemcnt of Financial Activities) Adjustsnents for.. Depreciation charges Interest received Decrea5ellincreasel in debtor8 IDecreasellincre8se in creditors Difference between pension charge and cash contributions 29,635 1133,9521 2.890 110,1321 209,998 1113,6091 48,000 13,764 13441 (234.4151 185,636 45,000 Net cash provtded byllused in) operatitsns 166,782 1124.3111 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.22 Cash flow Al 31.3.23 Net cash Cash at bank 881.074 176,524 1,057.598 881,074 176.524 1,057,598 Total 881,074 176,524 1,057.598 The notes forrn part of these financial statements Page11

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES 8asis of preparing the financial stslements The fin2ncial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Gharities.. Slal&menl of Rtscommended Practice applicable lo charities pieparinu their accounts in accordance with the Financial Reporting Standard applicable the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191,, Financial Reportin9 Standard 102 'The Financi31 Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost convention, as tnodilied by the revaluation of certain assets. Income All income is recognised in Ihe Slalemenl of Financial Activities once the Gharily has enlillemenl to the funds, Il Is probable that the income will be reteived and the amount can be measured ieliably. Grants receivable Grants receivable. including grants for the purchase of fixed 8sset5. are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Deferred incorne and payments received in advance represent amounts received for future periods and are released to incoming resources in the period for which they are received. Capital grants are treated as restricted funds and are released lo general funds by equal annual inslalments on the same ba51s as the depreciation charge applicable lo Ihe asset concerned. Investment Income Investment income represents bank deposit interest leiVed and is recognised when receivable. other Incorne l other income is included when receivable. Expenditure Liabilities are recogni5ed as expenditure as soon 28 there 18 a legal or constructive obligation comrnitting the charily lo that expellditure, it is probable that a transfer ol economic benefits will be required In settlerrient and the arnount of the obligation can be measured ieliably. Expenditure is accounted for on an accruals basis and has been classified under headings thal aggregate all cost related lo the category. Where costs carnot be directly allributed to particular headings Ihey have been allocated to activities on a basis consislenl with the use of resources. Grants payable are recognised in the Statement ol Financi81 Aotivities when payable. Allocation and apportionment of costs The cost of overall direction and administration on each activity. ¢omprising the salary and overhead costs of the central function. is apportioned to the activity on the basis ol slalf time or income as relevant. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each a53el over ils eslimaled useful Freehold property Fixtuies and fittings Computer equipment 1.10 on Cost at varying rates on cost 100 /4 on cost All fixed assets are held for continuing us8 in the charity's activities and are recorded al c051 at the lime of cquisition. Impairment reviews a carried out where necessary. The property Wa5 revalued in 2015 frorn £275,709 to £370,000. Page 12 conlinued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREnlGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continLted FOR THE YEAR ENDED 31 MARCH 2023 ACCOUNTING POLICIES - continued Taxation The charity is exempl from corpoialion tax on ils charitable aclivilies. Fund accounting Unrestricted fJnds are Incoming resources ieceivable or generated for the objects ol the charity without further specifiefl purpose and are available as general lullds. Restricted funds can only be used foi particular reslricled purposes within the objects of the charity. Restriction5 arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged to the fund, together with a lair allocalion ol rnanagement and support Costs. Designated funds are restricted funds earmarked by the Iruslees for a particular purposes. Further explanation ol the nature and purpose of each fund is included in the notes to the financial slalements. Pension costs and other post-retirement benefits The company operates a defined benefit Scheme for it5 eligible employee5 as part ol Ihe Dyfed Local Authority Pension Fund. The a5Set8 of the scheme are h8ld separately frorn those of the charity. Pension cosls are assEssed in accordance with a¢luarial advice and based on the most recent actuarial valuation of the scheme. which was last carried out on 31 March 2019. These eosls are accounted for on the basis of charging the cost of providing penslOll8 over the period during which the charity benefits from employees services. The scheme was closed lo new employees in the year lo 31 Moich 2017. The pension cost for the year ending 31 March 2023 18 based on the result of the actuarial valuation ol the scheme as at 31 March 2019 using the assumptions as pei nole 16. The contributions made in respect of the accounting period to 31 March 2023 amounted to £39,626 {17.9 /¢ of the gross pay ol eligible member employees), 12022.. £42,670). The agreed contiibutions until the next actu3rial review of the scheme a5 al 31 March 2023 will be 21.1 Its per annum. In addition lurnp sum payments are being made annually to be applied lo the past seNice deficit. These payments are as follows.. 2017-2018 .' £13.900 2018-2019 .' £11,200 2019-2020 .' £11,600 2020-2021.. £12,000 2021-2022 £ 8,000 2022-2023 £ 8.000 An analysis of the fair value of the assets of the scheme, movement in the scheme and rate of return is disclosed in note 16. The pension scheme deficit is recognised in full on the balanGe sheet in accordance with FRS102. In addition the charity has opened a defined contribution scheme lor new employees, with Nest. Contributions made in the year amounted to £1,70612022 £1,177). Page 13 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 INVESTMENT INCOME 2023 2022 Deposit account Inte5t 10,132 344 INCOME FROM CHARITABLE ACTIVITIES 2023 2022 Grants Grants reGeivable 452,137 792,623 Grants received. included in the above. are as follows.. 2023 2022 WG TSSW Infrastructure Core Grant WG TSSW Youth Led Grants Schem& Ceredigion CC Delivery of CVC SeNices Ceredigion CC Volunteer Recruilment and Retention CerEdigion CC Di5abilily Forum WG Integrated Care Fund County Led Preventions WG TSSW Winter Piessures Funding RPB Regional Capital Care Home Grants WG Winter Pressures 180181ion Penparcau WG Isolation and Loneliness RIF Supported Volullteering HDUHDB Social Piescribing WG Transformation Scaling Fund WG Waim Welcome Spaces 191,115 7,649 166,716 8,650 12,114 21,284 3,000 444.048 10.800 65.000 15,284 25,000 22,727 3,500 40,972 41,950 22,727 48,750 5,650 72,500 17,324 452,137 792,623 All funding received during thi5 financial year was frorn the Welsh Government. CHARITABLE ACTIVITIES COSTS Grant funding ol Support costs 15ee note 61 Direct Costs (see note 51 Totals Charitable activity Grants payable 292,458 43.641 41,279 333.737 132.346 88,705 336.099 88,705 41,279 466,083 Page 14 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCSAL STATENIENTS. continued FOR THE YEAR ENDED 31 MARCH 2023 GRANTS PAYABLE 2023 2022 Granls payable 88,705 234,046 The charitable corllpany has in the year administered a grants scheme funded through the WCVA Youth Led Grants Scheme. The charity invites, assesses applications together with other interested parties and awards funding to projects which fulfil the providers, scheme rules. In addition, it has also administered a grants scheme as part of the cang Communities Innovation Fund. SUPPORT COSTS Management Charitable activity 41,279 Support costs, included in the above, are 2s follow5." Management 2023 Charitable activity 2022 Total Ttuste&s' expenses Insurance Professional fees Sundries Other premises expenses Heat and light Govemance Bank charges Investment charges Project management AGM 399 2,371 7,485 43 11,325 2,794 1,539 60 611 14,424 228 2.088 4,364 155 23,138 2,525 646 96 41.279 33,012 NET INCOMEIIEXPENDITUREI Nel incomellexpenditurel is staled after chargingllcredilingl.. 2023 2022 Depreciation - owned as5els 2,890 13,764 Page 15 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 TRUSTEES, REMUNERATION AND BENEFITS There were nD tru5tee5' iemuneralion or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. TrL%Stee8' exDenses 2023 2022 Trustees, expenses 399 There were no transactions with Iruslees other than the payment of Iru51ee's Iravelling expenses at the agreed rates. These amoLJnt to £399 in the year12022". £nill. All Iruslee5 weie paid expenses in the year. STAFF COSTS 2023 2022 Wages and salaries Sooal security costs Other pension costs 203.646 15,314 41,332 202,371 15,273 89,506 260,292 307,150 The average monthly numbei of employee5 during the year was as follows.. 2023 2022 Direct ch8ritable Management and admini5tralion No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIALACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitsble activities Grants receivable 230,398 562,225 792.623 Investment income Other income 344 12,781 344 74.781 62,000 Total 243,523 624,225 867,748 EXPENDITURE ON Charitable activities Charitable activity Grants payable 266.068 501,586 234,046 767.654 234,046 Total 266.068 735,632 1,001,700 Page 16 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- continued Unreslrictecl funds Restricted funds Total funds NET INCOMEIIE.KPENDITUREI Transfers between funds Other COgnised gainslllossesl Actuarial galns on defined benefit scheme5 122.5451 12,2461 (111,4071 2.246 1133.9521 154,000 154,000 Net movement in funds 129,209 1109.1611 20.048 RECONCILIATION OF FUNDS Total funds brought forward {377,8381 857,240 479,402 TOTAL FUNDS CARRIED FORWARD 1248,6291 748,079 499,450 11. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property CDmpuler equipment Totals COST Al 1 April 2022 Additions 370.000 67,966 20,120 390 458,086 390 Al 31 March 2023 370,000 67,968 20,510 458,476 DEPRECIATION Al 1 April 2022 Charge for year 12,500 2,500 67,966 20,120 390 100,58S 2,890 At 31 March 2023 15,000 67,966 20,510 103,476 NET BOOKVALUE At 31 March 2023 355,000 355.000 Al 31 March 2022 357.500 357,500 The property was revalued in 2015 from £275,709 to £370,000, originally purchased through 3 National Lottery Charities Board grant in 2000 and can not be sold without the prior written consent of the Lottery Board. Page 17 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2023 12. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Debtors Other debtors Prepayments and accrued ineome 82,001 5,006 6,705 252,370 45,178 6,162 93,712 303,710 13. CREDITORS= AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Creditor5 Other creditors Accruals and deferred incorne 13.979 3,246 139,000 22,180 3,954 243,700 156.225 269.834 14. LEASING AGREEMENTS Minimum lease payments under non-cancellable op8raling leases fall due as follows.. 2023 2022 Within one year 1.795 Page 18 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS Net rnovement in funds Tr8nsfers between funds At 31.3.23 Al 1.4.22 Unrestricted fund5 General Fund Desigllaled Funds Volunteer Centre WG Vol 27 1477,3781 106,000 113,1001 135.849 953,075 187,4771 14,345 73.132 388,220 120.345 {60,0321 150,5551 85,294 {248,6291 842,488 Restricted funds Properly Fund ICF Funding Revaluation Reserve Piimary Care Screening Community Led Prevention 8orthre9arOn County Led Preventions Funding WCVA Active Inclusion Giant Transformation Hub Winter Pressures Grant WG Loneliness and Isolation Fund Transformalion Regional WG RIF Supported Volunteering HDH8 Social Prescribing HDHB Transformation Scaling Fund WG Warm Spaces CCC Isolation & Lonliness Fund HDHD Transformation Porth Gof31 593,859 270,301 250,118 94.291 11,500 5,957 20.775 2,711 28,470 24,955 20,484 18,517 12.5001 16,9001 267,801 243,218 94.291 11,500 15,9571 30.601 51,376 12,7111 2,711 110,1201 14,105} 121,4341 21,061 20,850 950 18,517 3,750 5,650 66,700 8,053 21,777 22.682 3.750 5.650 66,700 8,053 22,727 22,682 19501 748,079 109,147 857,226 TOTAL FUNDS 499,450 951,635 1,451,085 Page 19 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLIJNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS- continued Nel movement in funds, included in the above are as follows". Incoming resources Resources expended Gains 8nd losses Movement in funcjs Unrestricted funds General Fund Volunteer Centre WG Vol 21 227,896 1196.6211 180,0321 150.5551 922,000 953,075 160.0321 150,5551 227.696 1307,2081 922,000 842,488 Restricted funds Property Fund Yovth Led Grant Fund Disability Forum ICF Funding Community Led Prevention B0rthregaron County Led Prevention5 Funding Transformation Hub Winter Pressures Grant WG Loneliness and Isolation Fund WG RIF Supported Volunteering HDHB Social Prescribing HDHB Transformation Scaling Fund WG Warm Spaces CCC Isolation & Lollline58 Fund HOHD Transformation Porth Gofal 12,5001 17,6491 13,5001 147,8721 15,9571 111,3491 110,1201 14,1051 121.4341 145,0001 {2.5001 7,649 3.500 40,972 16,9001 15,9571 30,601 110.1201 14.1051 121,4341 3.750 5,650 66,700 8,053 22,727 22,682 41,950 48,750 5,650 72,500 17,324 22,727 55,000 15,8001 19.2711 132,3181 316.022 1206,8751 109,147 TOTAL FUNDS 543,718 (514,0831 922,000 951,635 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 2023 15. MOVEMENT IN FUNDS- Gontinued Comparative5 for mgvement in funds Net movernenl in funds Transfers between fJnds Al 31.3.22 Al 1.4.21 Unrestricted funds General Fund Designated Funds Volunteer Centre WG Vol 21 1829,4291 104,000 197,992 145,9411 2,000 41.695 1477,3781 106,000 113,1001 135,849 154,7951 111,7421 147.591 1377,8381 131.455 Restricted funds Property Fund Cornmunity Transport Development Investors in Carer5 Youth Led Grant Fund Disability Forum ICF Funding Revaluation Reserve Primary Czre Screening Community Led Prevenlion Borthttregaron County Led Preventions Funding Transfomation Project WCVA Comic Relief Grant Fund WCVA Active Inclusion Grant Transformation Hub Winter Presstsres Grant CCC Isolation Penparcau Hub WG Loneline55 and Isolation Fund Transformation Regional 12,2461 1248.6291 270,301 5,870 3,227 (2,5001 15,8701 13,2271 716 14821 199.7581 2.500 270,301 17161 462 349,876 94,291 11,500 5,957 20,775 3.335 13,858 36,425 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 21 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS- continued Cotnparative net movement in funds, included in the above are as follow5.. Incoming resources Resources expenrjed Gains and losses Movement in funds Unrestricted funcls General Fund Volunteer Centre WG Vol 21 222,239 21,284 1178.2471 176.0791 111.7421 154,000 197,9g2 154.7951 111.7421 243,523 1266.0681 154,000 131,455 Restricted ftJnd$ Property Fund Gommunily Transport Developrnent Investors Carers Youth Led Grant Fund Disability Forum ICF Funding County Led Preventions Funding Transformation Project WCVA Comic Relief Grant Fund WCVA Active Inclusion Giant Translorrnatitsn Hub Winter Pressures Grant CCC Isolation Penparcau Hub WG Loneline55 and lsolalioll Fund Tran5forrnalion Regional 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 15,8701 13.227) 716 14621 199,7581 6,650 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 Page 22 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continved FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS - continued A current year 12 tnonlhs and prior year 12 months combined position is as follows.. Net movement in fund5 Transfers belween funds Al 31.3.23 Al 1.4.21 unstrICted funds Gener81 Fund Designated Funds Volunteer Celllre WG Vol 21 1629,4291 104,000 1,151.067 1133,418) 16,345 114,827 388,220 120,345 1114,8271 {62,2971 147.591 85.294 1377,8381 973,943 Restricted funds Property Fund Cornmunily Transport Development Investors in Carers Youth Led Grant Fund Disability Forutn ICF Funding Revaluation Reserve Prirnary Care Screenillg Community Led Prevention Borthnregaron County Led Prevenlions Funding Transformation Pioject WCVA Comic Relief Granl Fund WCVA Active Inclusion Grant Transloifflalion Hub Willlei Pressures Grdnt CCC Isolatitsn Penparcau Hub WG Loneliness and Isolation Fund Transformation Regional WG RIF Supporied Volunteering HDHB Social Prescribing HDHB Transformation Scaling Fund WG Warm Spaces CGG Isolation & Lonliness Fund HDHD Transformation Porth Golal 12.2461 593,859 270,301 5,870 3.227 15,0001 15.8701 13,2271 716 14621 lfj(.658I 2,500 267,801 17161 462 349,87e 94.291 11,500 5,957 20,775 3,335 13,858 36.425 41.825 243,218 94,291 11,500 15,9571 30,601 13,3351 113.8581 133.7141 123.4751 20,850 12,2431 1,293 18,517 3,750 5.650 66,700 8,053 22,727 22,682 51,376 12,7111 2,711 21,061 20,850 2,243 11.2931 18,517 3,750 5,650 66.700 8,053 21.777 22.682 19501 857,240 12,260} 2,246 857,226 TOTAL FUNDS 479,402 971.683 1,451,085 Page 23 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENOED 31 MARCH 2023 MOVEMENT IN FUNDS- continued A cUrn1 year 12 months and prior year 12 months combined nel movement in funds, included in the above are as follows.. Incoming resource5 Resources expended gins and losses Movement in funds Unrestricted funds General Fund Volunteer Centre WG Vol 21 449,935 21,284 1374,8681 1136,1111 162,2971 1,076.000 1,151,067 1114,8271 162,2971 471,219 1573,2761 1.076,000 973.943 Restricted funds Property Fund Community Transport Development Investors in Carers Youth Led Grant Fund Disability Forum ICF Funding Community Led Prevention Borthttregaron County Led Preventions Funding Tran5form8tion Project WCVA Comic Relief Gr8nl Fund WCVA Active Inclusion Grant Tiansformalion Hub Winter Piessures Grant CCC Isolation Penparcau Hub WG Loneline55 and Isolation Fund Transformation Regional WG RIF Supported Volunteering HDHB Social Prescribing HDHB Transformation Scaling Fund WG Warm Spaces CCC Isolation & Lonliness Fund HDHD Transformation Porth Gofal 15.0001 15.8701 13.2271 113.5831 16.9621 1591.6781 15,9571 122,1491 143,3351 113,8581 133,7141 123.4751 129.1501 127.2431 121,4341 13.4831 145.0001 15,0001 15.8701 13,2271 716 14621 1106,6581 15,9571 30.601 13,3351 113.8581 133,7141 123,4751 20,850 12,2431 1,293 18.517 3,750 5,650 66,700 8,053 22.727 22,682 14,299 6,500 485,020 52,750 40,000 50,000 25,000 22.727 22.000 48,750 5.650 72.500 17,324 22,727 55.000 15,8001 19,2711 132,3181 940,247 1942.5071 12,2601 TOTAL FUNDS 1,411,466 11,515,783) 1,076,000 971,683 DESIGNATED RESERVES 2022 Movement 2023 Designated staff contingency fund Designated office premises fund Designated IT development fund Designated Galluogi 31Enable 3 fund 62.000 28.000 16,000 2.000 269 7.076 5,000 64,000 28.269 23,076 5,000 106,000 14,345 120.345 Page 24 continued...

CYMOEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS - continued RESERVES 2022 Movement 2023 Restricted funds Revaluation reserve 653,788 94,291 109,147 762,935 94,291 Total restricted fund5 748,079 109.147 857,226 General reseNes Pension fund Designated fund 418,371 1773.0001 106.000 145,857} 874.0C)O 14,345 372.514 101,000 120,345 499,45Q 951,635 1,451,085 UNRESTRICTED RESERVES 2023 2D22 Brought forward Incoming resources Outgoing resources Trallsfer FRS102 pension cost Transfer Irotn designated 418,371 213,272 1292.7841 400.162 243,523 1266.0681 12,2461 45,000 12.0001 48,000 114,3451 General reserves 372,514 418,371 PURPOSE OF RESTRICTED FUNDS Information Service This fund finances the provision of an inforrvation service for the placing and rnalching of volunteers with volunteer vacancies., provides support alld information services and promot¢8 good practice. In the year Iransler5 as disclosed on page 15 have been made to general funds to meet core costs of supporting volunteering. Property Fund This fund relates lo the purchase ol office premises for the charity in 2001, which was funded by the National Loltery Community FLJnd with a grant of £284,414. This fund is retained as a reslricled fund uer the terms of the grant. which stale Ihat the building cannot be sold lor 80 years from the date of the grant. In the opinion ol the trustees, it Is reasonable lo set this fund against the pen510n liability for the purpose ol calculating free ieserves. as in the very remole likelihood of the pension liability cryslallising, Il should prove possible lo realise the property fund lo meet it. Ctrmmunity Transport Development This project related to funding received lo support the employment ol a Community Transport Officer post lor Ceredigion with the specific purpose of assessing tian5POrt needs in rural corNmunilie5 and supporting Gomrnunity groups. Funding had been received from Ceiedigion County Council frotn the Welsh Governrnenl's Regional Transport Services Grant bul was expended in 2017. Youth Led Grants Fund This fund relates to grants received and paid out lo projects in respect of the Youth Led Grants Scheme. Investors in Carers Page 25 ¢onlinued.

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- contlnued FOR THE YEAR ENDED 31 MARCH 2023 15. MOVEMENT IN FUNDS- continued This wa5 Welsh Government C8rer5 Transitional Plan funding through Hywel Dda University Health Board lo provide support and facilitation for Piimary and Secondary Care setlings to participate and acheive the 5nvestors in Carers Ilinc) Awards. Thi5 funding source was expended in 2017. County Led Prevention - Borth and Tregaron This is lunding received la understand. share and enhance what rnake5 Borth and Tregaron resourceful 2nd resilient cotnrnunities, building on service sust3inability and improving Èece55 to existing community services. Due to Covid 19 restrictions spending on this project has been deferred. Disabilrty Forum This is fullding from Ceredigion County Council to facilitate the Ceredigion Disability Forum which meets regularly to ensure the needs and issues of those who are less able are broughl to Ihe attention ol public service providers. Integrated Care Fund Administered by the seven regional partnership boards established under the Soci81 Services and Wellbeing (Wales) Act 2014, thi5 fund helps health boards and partners lo work together to support. Frail and older people People with a learning disability Children with complex needs due to disability or illness. The fund helps support older people to maintain their independence and remain at home, avoiding unnecessary admission5 to hospi181 or residential care and delay5 when someone is due to be discharged from care. County Led Preventions Timebanking Ceredigion was originally funded by Hywel Dda University Health 8oard Iceredigion County Led Prevenlionl to pilot Ceredigion Timebanking network. Moving forw8rd these funds will be used lo recogni5e and value the contribution of individuals and encourage more people lo Identify their strengths and build social neorkS through volunteering. Transformation Fund The West Wales Regional Partnership Board developed a regional response to the Welsh Government's 'A Healthier Wales, programme. Within priority action 4 is a programrne called Creating Connections for All. CAVO is a key delivery partner in this programrne which focuses on thè development of 8 region815el of activities lo incenlivise active citizenship. based on an intergenerationa1 approach that fosters and nurtures connections lo alleviate loneliness and isolation prevalent in rrany ol oui communities. PURPOSE OF DESIGNATED FUNDS Designated Staff Contingency Fund This fund has been designated lo meet potential future costs such as redund8ncy and unexpected increases in the rale Df pension contribulions. Designated Office Premises and Fumiture Replacemont Fund This fund has been designated by the trustees to assist with the refurbishment, renovation and mainlen8rTrce ol the office building and replacement ol ftjrnilure and equipment as required. Designated IT Development Fund This fund has been designated to enable CAVO to maintain IT systems al the consistent high standard required to support the charity's activities. Designated Galluogi 31Enable 3 Fund This fund has been designated to provide start up support lo a new regional entity established with PAVS & CAVS to support our work with volunteers arid the third sector Across Wesl Wales. Page 26 continued...

CYMDEITHAS MUD5ADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 16. EMPLOYEE BENEFIT OBLIGATIONS Defined benefit scheme The company operates a defined benefit scheme in the UK. A full actuarial valu8tion was carried out at 31 March 2019. The 8mount5 recognised in the Staternenl of Financial Activities are as follows.. Defined benefit pension plans 2023 2022 Current service cost Nel interest from nel defined benefit 65,000 70,000 74,000 17,000 Past service cost Adrninistration expenses 1.000 1,000 140,000 88,000 Actual relum on plan assets 160,0001 123,000 Changes in the present value of the defined benefit obligation are as follow5.. Defined benefit pension plans 2023 2022 Opening defined benefit obligation Current service cost Contributions by scheme particip8nl8 Interest cost L05sllgainl on assumptions Benefits pai 2,629,000 65,000 10,000 74,000 11,027,000) 127,0001 2,593,000 70.000 11.000 53,000 167,0001 131,0001 1,724,000 2,629,000 Page 27 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 16. EMPLOYEE BENEFIT 08LIGATIONS- continued Changes in the fair value of scheme assels are as follows.. Defined benefit pen.Rion plans 2023 2022 Opening fair value of scheme assets Administration expenses Contiibulions by ernployer Contributions by scheme partlClP8nls Benefits paid Interest on plan assets Reme8surements lasselsl 1,856.000 11.0001 40.000 10,000 127.QOOI 52.000 11 Q5,0001 1.711,000 11.0001 43,000 11,000 131,0001 36,000 87,000 1,825,000 1,856,000 The amounts recognised in other recognised gains and losses are as follows.. Defined benefit pension plans 2023 2022 Actuarial gainslllossesl 922,000 154,000 922.000 154.000 The major categorie5 of scheme assets a5 amounts of total scheme assets are as follows". Defined benefit pension plans 2023 2022 Equities Government bonds Olher bonds Property Cash liquidity Other 1,358,000 9,000 130,000 246,000 13.000 69.000 1.341,000 24,000 147,000 243.000 32,000 69.000 1,825,000 1,856,000 Principal actuarial assumptions at the Slalement of Financial Position date (expsSed as weighted av8ragesl'. 2023 4.80% 4.20°/0 2 80Yo 2.70°/0 2022 2.80Q/ 4.80°1 3.40°/o 3.30Y Discount rate Future salary increases Future pension increases CPI inflation The contributions made in respect of the accounting period to 31 March 2023 amounted to £41,331 12022 £43,329) of which nothing was oulslanding at the year end. Page 28 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023 16. EMPLOYEE BENEFIT OBLIGATIONS - continued Defined contribution scheme The charity ha5 opened a defined conlribulion scheme for new employees The assets of the scheme are held in a Nest independently managed scheme. The costs charged represent colllributions made during the year and amounted lo £1,70612022 £1,1771. Nothing was outstanding at 31 March 202312022 £nill. 17. CONTINGENT LIABILITIES There were no contingent liabilities as at 31 March 202312022.. Nil). 18. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2023. MEMBERS. LIABILITY Members of the charitable company guarantee to contribute an arnounl not exceeding £1 to the assets of the company in the event of a winding up. Page 29

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unre51ricled funds Re8tricled funds INCOME AND ENDolENTs Investment incotne Deposit account intere51 10.132 10.132 344 Charitable activities Grants 191.115 261,022 452,137 792.623 other income Income gener8tion Management lees 12,025 14,424 55.000 67,025 14,424 74,781 26.449 55.000 81,449 74,781 Total incoming resources 227.696 316.022 543,718 867,748 EXPENDITURE Charitable activities Wages Social security Pensions Telephone Postage, printing. slalionery Travel and subsistence Tiaining Outreach cost5 Subscriptions and affiliations Advertising and promotion Computer maintenance and softwaré Integrated Care Fund Infrastructure grant funding Welsh Gov 21 grant expenditure Tr8n8formation project WG child poverty expenditure RIF patch based support Depn of freehold properly Computer equipment Grants to organisations 155,885 15.314 41,332 1,801 306 2,000 508 47,761 203,646 15,314 41,332 1,801 306 2,255 508 202,371 15.273 89.506 2.260 1.403 54 288 84 1,740 68 5,243 397,187 17571 2,675 3,483 255 1.236 714 7,111 1,236 5,959 7,111 43,641 5,245 43.641 100 100 10,000 2,500 390 88,705 10,000 2.500 2.500 11,264 234,046 390 6.775 81.930 233,472 191,332 424,804 968.688 Defined benefit pension costs Interest on pension scheme liabilities 48,000 48,000 This page does not form part of the statutory financial slalemenls Page 30

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 2023 Total funds 2022 Total funds Unre8tricled funds Restricted funds Support Costs Management Tfuslees, expenses nsurance Piolession81 fees Sundiies Other premises expenses Heal and light Governance Bank charges Investment chaiges Project rnanagemenl AGM 399 2,371 7,485 43 10,206 2.794 1,539 60 611 399 2.371 7,485 43 11,325 2,794 1,539 60 611 14,424 228 2,088 4.364 155 23,138 2,525 646 96 1,119 14,424 228 25,736 15,543 41,279 33,012 Total resources expended 307,208 206,875 514.083 1,001,700 Net lexpenditurellincome 179,5121 109,147 29.635 1133.9521 This page does not form part of the statutory financial statements Page 31