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 

**-1-** 



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 




**-3-** 



## 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.** 

**-4-** 



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** 

**-5-** 



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.** 

**-6-** 



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.** 

**-7-** 



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%) 

**-8-** 



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.** 

**-9-** 



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** 

**-10-** 



**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 rese￿eS
required under the new policy 15 regularly reviewed and the trustees feel that in light of the cUr￿n1 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 reSe￿e.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
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A C PraX- Vlce Clialr
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Company Secrètsry
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Independent Examln2r
Beyan Buckland LLP
Chartered Atcounlanls
4fj High Slr8ei
HaverfoidwBsl
Pembrokeshire
SA6128P
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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
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25-27 Oxendon Sireel
Lor.don
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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
D1￿CtionS 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 G￿RF0DD0L
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 le￿iVed 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 Inte￿5t
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 ca￿ng 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 8orth￿re9arOn
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 B0rth￿regaron
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
un￿strICted 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 cUr￿n1 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 u￿￿er 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
ne￿orkS 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 (exp￿sSed 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 ENDo￿lENTs
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

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 rese￿eS
required under the new policy 15 regularly reviewed and the trustees feel that in light of the cUr￿n1 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 reSe￿e.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 l*e 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
D1￿CtionS 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 G￿RF0DD0L
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 le￿iVed 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 Inte￿5t
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 ca￿ng 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 8orth￿re9arOn
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 B0rth￿regaron
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
un￿strICted 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 cUr￿n1 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 u￿￿er 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
ne￿orkS 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 (exp￿sSed 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 ENDo￿lENTs
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