2024-03-31-accounts

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Impact Report 2023-2024 Cymdeithas Mudiadau CAiiO . CAVO of Voluntary Organisations Cefno9i Tfydydd Sector Cymru Third Sector Support Wales

CAVO Impact Report 2023-2024

Foreward

Welcome to the 2023-2024 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 are a Third Sector Support Wales (TSSW) delivery partner, 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.

CAVO is committed to working positively with others and continue to collaborate on a number of key strategic partnerships across Ceredigion and West Wales including the Ceredigion Public Services Baord and the West Wales Regional Partnership Board.

The opportunities afforded to the third sector in Ceredigion to openly access the UK Governments Shared Prosperity Fund supported by Ceredigion County Council has created projects that will contribute to the development of skills and communities across the County. CAVO are directly involved in the delivery of 4 key projects. Value Volunteering has increased our capacity to work with the sector to retain and grow the number who volunteer. We’ve also had the chance to work with others by collaborating with Cwmpas and Planed to deliver the Catalyst for Care project to create opportunities for micro and social enterprises to offer care and support to people in Ceredigion, and to assist Severn Wye Energy to engage with those who manage our Community Spaces to carry out energy audits and identify actions to reduce energy use and costs.

Through the Multiply stream of SPF, CAVO administer an investment fund to allow third sector groups to deliver activities to introduce people to improve their numeracy skills.

Many thanks to our funding partners for their continued commitment which has enabled us to support the vital work of the third sector and volunteers in Ceredigion. Through this we were able to support and fund the inspirational work of voluntary community groups and volunteers across Ceredigion.

John L Jones, Chair of Trustees Hazel Lloyd Lubran, Chief Officer

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CAVO Impact Report 2023-2024

CAVO Staff 2023/2024 Chief Executive Hazel Lloyd Lubran

Finance & Business Operations Manager

Engagement & Collaboration Manager

Support & Skills Manager

Communications & Fundraising Officer

Volunteering Officer

Volunteering Opportunities Officer (until August 2023) Supportive Communities Officer (since August 2023)

Valuing Volunteering Officer

Christine Glasson

Chesca Ross

Teleri Davies

Rebecca Kirby

Trish Lewis

Callum Jones

Ann-Marie Benson (from Nov 2023)

CAVO Trustees 2023/2024

John Jones Chair Anne Pratt Vice-Chair William Morris Treasurer

Dylan Wilson-Lewis

Rhiannon Hanniford(since Nov 2023) Hanks

Independent Auditors:

Bevan and Buckland

Employment / Health & Safety Advice:

SAGE

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CAVO Impact Report 2023-2024

Performance 2023/2024 Who we worked with: 141 562 317 Organisations Interactions with Attendees at networks, supported with direct third, public and partnerships, forums, information and advice private sectors events and training

Volunteering: 229 86

Volunteers supported with volunteering and registered on Volunteering Wales, living in Ceredigion

Volunteering opportunities in Ceredigion on Volunteering Wales

CAVO Grant Schemes: £268,432 Funding distributed to third sector organisations via CAVO

Organisations supported through CAVO grant 78 schemes

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CAVO Impact Report 2023-2024

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

The CAVO Team have explored ways of bringing together Third Sector Managers in Ceredigion to share knowledge and discuss challenges including several Time to Talk sessions during the Spring.

Staff continue to work closely with colleagues in other support agencies including the Charity Commission, Cwmpas and Antur Cymru. Several Groups have been supported to engage with the Charity Commission including Hen Ysgol Cross Inn and Aberporth Village Hall.

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

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

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CAVO Impact Report 2023-2024

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

Through the Regional Integrated Fund, the CAVO Team have worked with colleagues at Ceredigion County Council to collaborate with a network of community anchor groups across Ceredigion to identify training and support needs to enable them to continue to develop crucial services within their communities.

As a Dyfodol Ni Partner, CAVO have continued to play a part in supporting a group of dedicated young people to move the Lottery funded project into the delivery phase, and develop initiatives to help improve the mental health and wellbeing of young people across Ceredigion.

CAVO staff worked with partners and CAVO members to arrange a series of Wellbeing Events across Ceredigion to promote CAVO services and the services of others.

The CAVO Team continue to play an active role as a partner on the Ceredigion Public Services Board and it’s delivery groups including the Ceredigion Tackling Poverty Group and the Cardigan and ~~Lampeter Wellbeing Group.~~

infoengine

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

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CAVO Impact Report 2023-2024

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, Cambrian Railway Partnership Grant and the Dr Dewi Davies Endowment Fund.

Spotlight

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 2023-24 we distributed over 100 grants across Ceredigion to support young volunteers, community hubs, local nature projects, first aid training and activities to combat social isolation.

Throught the Multiply stream of the UK Shared Prosperity Fund, CAVO administer an investment fund to allow third sector groups to deliver activities to improve numeracy skills.

The Ceredigion Funders Forum continues to meet to bring together key funders to network, share information and opportunities to collaborate.

Meet the Funder sessions were organisaed to give groups in Ceredigion direct access to staff from Awards for All Wales, Cynnal y Cardi SPF Grants and the Dr Dewi Davies Endowement Fund.

Funding Wales

Funding Wales, a FREE online Funding search tool, developed for community and voluntary groups in Wales.

Help your organisation find funding opportunities to support a wide range of projects

Search through database containing hundreds of grants, awards and other forms of financial assistance from a variety of sources Link you in to guidance and support for Third Sector groups

To access the portal go to https://funding.cymru.

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CAVO Impact Report 2023-2024

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 training needs, recognition and the development of the Volunteering Wales website.

During the first week in June the CAVO Team organised a number of promotional events and activities to mark Volunteers Week. Later on in the month in Lampeter, we held an Awards Ceremony in partnership with the Ceredigion County Council Cynnal y Cardi Team to congratulate individuals, voluntary and community-led projects and initiatives that make a difference in communities.

CAVO staff also supported the Open University to develop their Volunteering Course.

Volunteering Wales

Volunteering Wales is a digital portal that supports volunteer recruitment and placement for those wanting to volunteer and organisations that want to find volunteers. The portal also provides additional functions such as logging hours and email update of opportunities.

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CAVO Impact Report 2023-2024

Financial Summary

Income for 2023-2024

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Grants For Distribution
£234,714 (
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Other Income
£58,926 (
Core Funding
£204,826 (
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Projects Funding (other sources)
£75,211 (
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Expenditure for 2023-2024

Governance & Support Costs £104,673 (

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Restricted Services & Projects
£255,522 (
Grants Distributed
£268,432 (
Pension Scheme Liabilities
£10,000 (
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CAVO Impact Report 2023-2024

What Next?

Collaborate with Third Sector Managers and Trustees to ensure that they have the latest management information and support.

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

Ensure that the third sector has access to data to support the development of services and tools to measure and share their impact.

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

Ensure that the third sector is more directly involved in the work of Strategic Partnerships.

Promote the role of community hubs and groups in engaging with citizens across Ceredigion and reaching those in greatest need.

Support community venues to save energy, reduce costs and safeguard their future.

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CAVO Impact Rep

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 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
Penparcau Community Forum Yr Hwb Pentir Pumlumon
Plant Dewi
Preseli Rural Transport Association ProMo-Cymru
RAY Ceredigion
Shared Earth Trust
SHINE Cymru
Small World Theatre SNAP Cymru
Social Farms & Gardens
St Michael`s Church - Eglwys St Mihangel (Aberystwyth) Strata Florida Trust
The Cribyn Recreation Field Club The Iron Room (Eglwys Fach) The Royal Commission on the Ancient and Historical Monuments of Wales The Wildlife Trust of South & West Wales Transition Llambed Development Trust Versus Arthritis
Wales Environment Link - Aberystwyth Wales Wild Land Foundation West Wales Action for Mental Health WWAMH
West Wales Domestic Abuse Service Ltd West Wales Prostrate Cancer Support Group West Wales Rivers Trust

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CAVO Bryndulais 67 Bridge Street Lampeter Ceredigion SA48 7AB

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

CAVO wish to thank the funders who supported our work and the work of the sector across Ceredigion, including Welsh Government, the Hywel Dda University Health Board and the UK Shared Prosperity Fund supported by Ceredigion County Council.

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

REGISTERED COMPANY NUMBER: 03323924 (England and Walès) REGISTERED CHARITY NUMBER: 1061364 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA612BP

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trustees Independent Examinerfs Report Statement of Financial Activities Statemont of Financial Position Statement of Cash Flows Notes to the Statemenl of Cash Flows Notes to the Financial Statements 10 to 26 Detailed Slatement of Financial A¢tivities 27 to 28

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report wth the financial slatemenls of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities." Slalemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives and aims CAVO, as the County Voluntary Council {CVC) for Ceredigion, works across four pillars of aclivity to support the third sector in Ceredigion Volunteering", Good governance,. Sustainable funding- Engagement and influencing. We deliver our services in collaboration wilh 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- raisin9 Ihe profile of the sector. Ensuring our work delivers our aim CAVO'S Business Plan 15 delivered by an annual Work Plan which is developed annually by trustees and staff to ensure that our future activities are in-line with our aim as a Charity. Progress is reported to the CAVO Board at every meeting, monitored by CAVO staff quartedy with a 6 monthly staff and trustee review Financial budget reports and future funding opportunities are presented al trustee meetings to discuss and agree areas of future developmenl. The Chief Executive and the Finance and Business Operations Manager attend all board meetings. CAVO staff participate in work planning and review meetings and are called lo attend Board meetings lo present on specific matters of interest Board Members are allocated specific activity area5 lo encourage trusteeldirectors to have a greater insight and understanding of specific areas of CAVO seNice delivery. Our client and staff survey system continuously monitor the quality of the service we provide and the needs of the sector locally. Findings are presented to the Board and shared with staff. Significant activities Good Governance CAVO has a small but well-established team of experienced staff to support groups to set-up and manage projects, provide information on legal issues and new developments affecting the sector. Our work is delivered in collaboration th other specialist organisalions. Sustainable Funding The CAVO Team support third sector groups lo access funding and develop fundraising initiatives through the organisation of regular briefings, fundraising events and training to ensure that the sector has the right skills, information and direct access to significant funders in Wales. CAVO also proactively encourage organisations lo use the Fundng Wales portal to search for funding opportunities. CAVO staff have been influential in the administration and allocation of key funds in Ceredigion including the Welsh Govemment Loneliness and lsolalion Fund. Ceredigion Youlh Led Grants. Regional Integration Fund and the Cynnal y Cardi Local Action Group. Volunteering The Volunteering Team promote volunteering and provide information, advice and support lo help people choose the right volLJnteering opportunity and offer advice lo organisalions on how to recruit, relain and support volunteers. The team pro-actively encourages the use of the Volunteering Wales website lo promote volunteering opportunities in Ceredigion. Page 1

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Engagement and Influence As the umbrella body for the third sector in Ceredigion, the team represent the voice of the sector on a number of key strategic partnerships, fora and planning groups locally and regionally, includin9 the C8redigion Public Services Board IPSB) and its Project Groups. along with th8 Wesl Wales Regional Partnership Board and its relevant workstreams. Ceredigion third sector fora and briefing sessions are arranged to ensure that the sector is informed of developments and has an opportunity to engage in strategy, policy and service development. A more detailed review of activities is available in a separate annual report presented at the Annual General Meeting. Collaboration CAVO has a close working relationship with neighbouring CVCS and in September 2012 a Memorandum of Understanding was signed with counterparts in Carmarthenshire. Pembrokeshire and Powys. CAVO worked with colleagues from PAVS and CAVS to establish a region21 entily 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. 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 national support body. Wales Council for Voluntary Action IWCVA). 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 measured against those aims. In addition, the trustees wll be required to confirm that they have had regard to the Charity Commission's guidance on public benef1t. ACHIEVEMENT AND PERFORMANCE Charitable a¢tivities A review of activities is available in a separate annual report, presented al the Annual General Meeting. FINANCIAL REVIEW Financial position The results of the charitab18 company are shown in the Statement of Financial Activities on page 6. UNRESTRICTED FUND 2024 2023 Net surpluslldeficrt} reserves (Before transfers and pension) 27,196 (79,5121 Net surplusl(deficit) reseNBs (After transfers and pension} 220,732 842,488 Actuarial gainl(lossl (included above} 188,000 922,000 RESTRICTED FUND 2024 2023 Net Ideficitysurplus reserves {Before transfers) (72,146) 109,147 Net Ideficit}Isurplus reserves (After transfers) (77.682) 109,147 Investment policy and objectives The trustees, investment powers are governed by the Memorandum and Articles of Association. The trustees h8ve a policy of keeping any surplus as liquid funds in high interest-be8ring short-tem deposits, which c8n be accessed readily. In July 2022 TrL5Stees opted to open an account with the Flagstone Inv8Stment Plafform lo decrease Ihe risk identified by the Trustees associated with holding balances which exceed the £85,000 FSCS compensation protection limit in one bank. Page 2

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Re$orves policy The trustees aim lo set aside reseNes to provide financial stability and the means for the development of the charitable company's principal activity. Following consider2tion of the major risks the charitable company faces, a three tier policy on reserves has been established. This w711 establish reserves to meet short term changes, reserves to enable planning for growth and lon9 lerrn reserves lo reduce the risks posed by large extemal changes in funding. The level of reserves required under the new policy is regularly reviewed and the trustees feel that in light of the current financial climate it is prudent to maintain reserves at their current level. In addition the trustees do not feel thal the pension reserve of £101,000 represents a designated fund, as it does not result in an immediate cash reserve. The trustees are currently confident that Ihe charitable company can meet contributions from projected future income. Going concern There are no material uncertainties about the charilvs ability to continue as a going concern. FUTURE PLANS Details of future developments are available in a separate annual report. presented at the Annual General Me8ting. STRUCTURE, GOVERNANCE AND MANAGEMENT Goveming document The organisation is a charitable company limited by guarantee, incorporated on 25 February 1997 and registered as a chartty on 18 March 1997. The company was established under a Memorandum of Association which established th6 objects and powers of the charitable company and is governed under its Articles of Association. Re¢rultment and appolntment of new trustees The organisation is a charitable company limited by guarantee, incorporaled on 25 February 1997 and registered as a charity on 18 March 1997. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Associalion. Recruilment and appointment of new trustees Members of the board of trustees, who are directors for the purpose of company law and Irustees for the purpose of charity law. who served during the year and up to thè date of this report. are set out below. The trustees are appoin16d by the members at the Annual General Meeting or olhewse appointed by the Irustees where there is a vacancy. One third of the trustees retire at each Annual General Meeting by rotation. If willing to act. they can be reappointed. Prior to each Annual General Meeting. member organisations are encouraged to nominate individuals for appointmerit. The Board may also appoint a person wlling to act as a trustee lo either fill a vacancy or as an additional trustee. The board meets bi-monthly. A full time chief executive, appointed by the truslees, manages the day to d8y operations of the charity. Induction and training of new trustees New trustees receive a comprehensive induction pack and have the benefit of an induction session to brief them on their legal obligations under charity and company law, the content of which includes the Memorandum and Articles of Association, the committee and decision making process and business plan. Trustees are encouraged to attend appropriate extemal training events where these wll facilitate the undertaking of their role and a training session feedback form has been devised so Ihat information galhered al events can be passed on to all trustees. Risk management The trustees have conducted a review of the major risks to which the charitable company is exposed and systems have been established to mitigate those risks and enable regular reports to be produced so that the necessary steps can be taken to lessen those risks. Internal risks are minimised by the implementation Of procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational asp8Cts of the charitable company. These procedures are periodically reviewed to ensure that they still meet the needs of the charitable company. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03323924 (England and Wales) Registered Charity number 1061364 Page 3

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGIQN I CEREDIGION ASSOCIATION OF VOLuKfARY ORGANISATIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Règl$tered offi BryndulaSs 67 Bridge Street Lampeter Cerediglon SA48 7AB Trustees J L Jones - CAVO Chair W J Morrls- Treasurer A C Prall- Vice Chalr D Wilson-LevAs Ms R H8nnlford-Hanks1oppolnted 29.11.23) Company Se¢r¢tary H Uoyd.Lubran Independent Examlner Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pernbrokeshire SA612BP Bankers CAF Cash Umlt8d PO Box 289 Wesl Malllng Kent . ME19 4TA Scottish Wldows 67 Morrlson Street Edinburgh EH3 8YJ Virgln Money Jubile8 Hous8 Gosforth Newcastte upon Tyne NE34PL Investmont Plafform Flagstone Group Ltd 1st Floor. C18renGe H¢)use 2e-27 Oxendon Street London SW1Y4EL Approved by order of.the board of trustees pn .,...... and slgned on Its behalf by. W J Morrf$- Treasurer- Trustee Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS Independent examiner's roport tts tho trustees of Cnde1taS Mudiadau Gwirfoddol Ceredigion I Ceredigion Association Of Voluntary Organisations I'the Company) I report to the charity trustees on my examination of the accounts of Ihe Company for the year ended 31 March 2024. Responsibilities and basls of report As the charity's trustees of the Company (and also it5 directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 Ilhe 2006 Act'l. Having satisfied myself that the accounts of the Company are not reqLJired to be audited under Part 16 of th8 2006 Act and are eligible for independent examination. I report in respect of my examination of your charilvs accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Seclion 145{51 {b} of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confimi that l am qualified to undertake the examirialion because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm Ihat no matters have come lo my attention in connection with the examination giving me cause to believe: accounting records were not kept in respecl of the Company as required by Section 386 of the 2006 Act- or the accounts do not accord with those records.. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have not been pr8pared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable lo charities preparing their accounts in accordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examination to which altention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. IL&a. Alun Evans FCA Bevan Buckland LLP Chartered Accountants 45 High Street Haverfordwest Pembrokeshire SA612BP Dale.. Page 5

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted fvnds Restricled funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Grants receivable 203,626 311,125 514.751 507.137 Investment income Other income 24.293 34,633 24.293 34,633 10,132 26.449 Total 262,552 311,125 573.677 543,718 EXPENDITURE ON Charitable activities Charitable activity Grants payable 234,356 11,000 125,839 257,432 360,195 268,432 333.737 132.346 Defined benefit pension costs {10,0001 {10,000} 48.000 Total 235,356 383,271 618,627 514,083 NET INCOMEI(EXPENDITURE) 27,196 5,536 172,1461 (5,5361 {44,950} 29,635 Transfers between funds Other recognised gainsl{losses) Actuarial gains on defined benefil schemes 14 188,000 188.000 922,000 Net movement in funds 220,732 177.6821 143,050 951,635 RECONCILIATION OF FUNDS Tolal funds brought forward 593,859 857,226 1,451.085 499,450 TOTAL FUNDS CARRIED FORWARD 814,591 779,544 1,594,135 1,451,085 The noles form part of these financial statements Page 6

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATSONS STATEMENT OF FINANCIAL posmoN 31 MARCH 2024 2024 Total funds 2023 Total fijnds Unrestrlcled funds Rgstricled funds Notes FIXED ASSETS Tang5ble assets 11 2.908 349.592 352.500 355.000 CURRENT ASSETS Debtors Cash at bank 12 33,451 494.377 67,008 401,505 100.459 895.882 Y3,712 1,057.598 527,828 468,513 996,341 1.,151,310 CREDITORS Amounts falllng due wilhln one year 13 {1S.145) (38.561) {53.7061 (156.2251 NET CURRENT ASSETS 512,683 429,952 942,635 995,085 TOTAL AS5Efs LESS CURRENT LIABILITIES 515,591 779,544 1.295,135 1,350,085 PENSION ASSET 15 299,000 299,000 101.000 NET ASSErs 814.591 779,544 1,594,135 1,451,085 FUNDS Vnrestrlcted funds Restrfcled fvnds 14 814,591 779.544 593,859 857,226 TOTAL FUNDS 1,594,135 1.451,085 The charitable company is 8ntitted to exemption from audll under Section 477 of the Companlas Act 2006 for the year ended 31 March 2024. The members have not required the company to obtaln an audll of Its ffnanclal ststements for the year ended 31 March 2024 In accordance SeGtion 476 ofthe Companlos A¢t 2008. The trustees acknowledg8 their responslbdilies for {a} ensurfng that tho charltable Company keeps accountlng records that comply with Sedon8 386 and 387 of tha Companles Act2006 and preparing financl81 statements [Ch give a true and falr vlew of the state of affalrs of tha charitable company as at Ihe end of each finarscial year and of Its surplus or deficit for eaGh ffinancial year In accordance th the requirements of Secllons 394 and 395 and whlch olh8rwSsg comply vAth the requirements of the Companies Act 2006 relating lo'finandal slalem8nts, so far 05 applicable to the charitable company. Ib) These financlal stslements have been prepared In ac¢ordan¢e with the provlslons applicable to charltable GompaThles subJect to the small companies regime. The financial statements were approved by the Board of Twstee5 and authori59d lor 13SU& ..2.l..ioJ.W............ and were signed on Its behalf by: "4g ]_ W J Morris- Treasurer- Trusloe The notes form part of th059 ffnanclal statements Page 7

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash flows from operating activities Cash generated from operations (186,009) 166,782 Net cash {used in)Iprovided by operating activities (186,009) 166.782 Cash flows from investing activities Purchase of tangible fixed assets Interest received 24,293 (390) 10,132 Net cash provided by investing activities 24.293 9,742 Change in ¢ash and ¢ash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 1161.7161 176,524 1.057,598 881.074 Cash and cash equivalents at tho end of the reporting period 895,882 1,057,598 The notes form part of these financial statements Page 8

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET {EXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net lexpenditure}lincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Interest received (Increa5elldecrease in debtors Decrease in creditors Difference beeen pension charge and cash contributions (44,950) 29.635 2,500 124,2931 (6,7471 (102,5191 (10,0001 2,890 {10,1321 209,998 {113,609) 48,000 Net cash (used in)Iprovided by operations (186,009) 166,782 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net ¢ash Cash at bank 1,057,598 1161,7161 895,882 1,057,598 {161,716) 895,882 Total 1,057,598 {161,716) 895,882 The notes form part of these financial statements Page 9

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP {FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice 8pplicab5e to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Companies Act 2006. The financial statements have been prepared under the historical cost convenlion, as modified by the revaluation of certain assets. Income All income is recDgnised in the Statemenl of Financial Activities once the charity has entitlement to the funds. it is probable that the income will be received and the amount can be measured reliably. Grants receivable Grants receivable, including grants for the purchase of fixed assets. are recognised in full in the Statement of Financial Activities in the year in which they are receivable. Deferred income and payments received in advance represent amounts received for future periods and are released to incoming resources in the period for which they a received. Capital grants are treated as restricted funds and are released to general funds by equal annual instalments on the same basis a5 the depreciation charge applicable to the asset concerned. Investment Income Investment income represents bank deposit interest received and is recognised when receivable. Other Income All other income is included when receivable. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefils will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified Ljnder headin9S that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocaled to activities on a basis consistent with the use of resources. Grants payable are recognised in the Slatement of Financial Activities when payable. Allocation and apportionment of costs The cost of overall direction and administration on each activity, comprising the salary and overhead costs of the central functOn, is apportioned to the activity on the basis of staff time or income as relevant. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Freehold propety Fixtures and fittings Computer equipment 1 /. on cost at varying rates on cost 100'/0 on cost All fixed assets are held for continuing us8 in the charity's activities and are recorded at cost at the time of acquisition. Impairment reviews are carried out where necessary. The property was revalued in 2015 from £275.709 to £370,000. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds are incoming resources receivable or generated for the objects of the charity without further spe¢if5ed purpose and are available as general funds. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Expenditure which meets these criteria is charged lo the fund, together with a fair allocalion of management and support costs. Page 10 continued...

CYMDEITHAS MUDIADAV GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Fund accounting Designated funds a funds earmarked by the trustees for a particular purposes. They are not restricted and make up the unrestricted reserves. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension costs and other posl-retirement benefits The company operates a defined benefit scheme for its eligible employees as part of the Dyfed Local Authority Pension Fund. The assets of the scheme are held separately from those of the charity. Pension costs are assessed in accordance with actuarial advice and based on the most recent actuarial valuation of the scheme, which was last carried out on 31 March 2024. These costs are accounted for on the basis of charging the cost of providing pensions over the period during which the charity benefits from employees setvices. The scheme was closed to new employees in the year to 31 March 2017. The pension cost for the year ending 31 March 2024 is based on the result of the actuarial valuation ol th8 scheme as at 31 March 2024 using the assumplions as per note 15. The conlributions made in respect of the accounting period to 31 March 2024 amounted to £43,494 {24.90/0 of Ihe gross pay of eligible member employees), {2023 £39,626}. The a9reed contributions until the next actuarial review of the scheme as at 31 March 2024 will be 23.1 /0 per annum. In a¢Jdition lump sum paymerTrts are being made annually to be applied to the past service deficit. These payment5 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 £6,200 2C123-2024 £nil An analysis of the fair value of the assets of the scheme, movement in the scheme and rate of return is disclosed in nole 16. The pension scheme deficit is recognised in full on the balance sheet in accordance with FRS102. In addition the charity has opened a defined contribution Scheme for new employees, with Nest. Contributions made in the year arnounled to £2.815 12023 £1,706). INVESTMENT INCOME 2024 2023 Deposit account interest 24.293 10.132 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Grants receiv8ble Grants 514,751 507,137 Grants received, included in the above, are as follows= 2024 2023 Welsh Govl -Third Sector Support Wales Infrastructure CoFe Grant Welsh Govl Third Sector Support Wales Youth Led Grants Scheme C8redigion County Council Disability Forum Welsh Govl Integrated Care Fund Hywel Dda UHB Public Health County Led Preventions Welsh Govl- Loneliness and Social Isolation Fund Welsh Gov't Regional Investment Fund 203,626 6,650 191,115 7,649 3,500 40.972 41,950 22,727 48,750 26,950 20,454 81.250 Carried foTward 338.930 356,663 Page11 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES - continued 2024 2023 Brought fotward Hywel Dda UHB Social Prescribing Welsh Gov't - Transformation Scaling Fund Welsh Gov't- Warm Welcome Spaces UK Gov't Shared Prosperity Fund Valuing Voluneers UK Gov't Shared Prosperity Fund - Boosting Energy Efficiency UK Gov'l Shared Prosperity Fund - Communities Count Multiply Programme UK Gov't Sh8red Prosperity Fund - Catalyst for Care Welsh Gov't Transformation Fund - Hywel Dda UHB Transfomiation on Porth Gofal Heath and Care Welsh Gov't Transformation Fund- Hywel Dda UHB Transfomiation Porth Gofal Holding Funds 338,930 356,663 5,650 72.500 17,324 30,584 7,074 2,300 8,303 33.879 55,000 93,681 514,751 507,137 All funding received during this financial year was from the WeSsh Govemment. CHARITABLE ACTIVITIES COSTS Grant funding of activities 15ee note Support costs (see nole 61 Direct Costs 5) Totals Charitable activity Grants payable 340,401 19,794 360.195 268,432 268,432 340,401 268,432 19,794 628,627 GRANTS PAYABLE 2024 2023 Grants payable 268,432 132,346 The charitable company has in the year administered a grants scheme funded through WCVA Youth Led Grants Scheme. The charity invite and assesses applications together with other interesled parties and awards funding to projects which fulfil the providers, scheme rules. In addition, it has also adminislered a grants scheme as part of the Caring Communities Innovation Fund. Page 12 continued...

CYMDEITHAS MVDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS Management Charitable activity 19,794 Support costs, included in the above. are as follows.. Management 2024 Charitable activity 2023 Total activities Trustees, expenses Insurance Professional fees Sundries Other premises expenses Heat and light Govemance Bank charges Investment charges Project management AGM Central costs recharged Contribution lo central costs 519 2.588 4,421 130 6,851 3.394 566 60 1.181 399 2,371 7.485 43 11,325 2,794 1.539 60 611 14,424 228 8,458 {8,4581 19,794 41,279 NET INCOMEI(EXPENDITURE) Net incomel{expenditurel is staled after chargingll¢rediting)'. 2024 2023 Depreciation - owned assets 2,500 2,890 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses 2024 2023 Trustees, expenses 519 399 There were no transactions with trustees other than the payment of trustee's travelling expenses at the agreed rates. These amount to £519 in the year {2023'. £3991. All trustees were paid expenses in the year. Page 13 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS- continuod FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 236,606 18,325 46,570 203,646 15,314 41,332 301,501 260.292 The average monthly number of employees during the year was as follows.. 2024 2023 Direct charitable Management and administration No employees received emoluments in excess of £60,000. 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Charitable activities Grants receivable 191,115 316,022 507,137 Investment income Other income 10.132 26,449 10,132 26,449 Total 227,696 316.022 543,718 EXPENDITURE ON Charitable activities Charitable activity Grants payable 252,433 6,775 81,304 125,571 333,737 132,346 Defined benefit pension costs 48,000 48,000 Total 307,208 206,875 514.083 NET INCOMEI{EXPENDITURE} Other recognised gainslllossesy Actuarial gains on defined benefil schemes (79,512) 109.147 29,635 922,000 922,000 Nèt movement in funds 842,488 109,147 951,635 RECONCILIATION OF FUNDS Total funds brought forward 1248,629) 748,079 499,450 TOTAL FUNDS CARRIED FORWARD 593,859 857.226 1,451,085 Page 14 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS . continuod FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS Fixtures and fittings Freehold property Computer equipment Totals COST Al 1 Aprsl 2023 and 31 March 2024 370,000 67,966 20,510 458.476 DEPRECIATION At 1 April 2023 Charge for year 15.000 2,500 67.966 20,510 103,476 2.500 At 31 March 2024 17.500 67,966 20.510 105,976 NET BOOK VALUE At 31 March 2024 352.500 352,500 At 31 March 2023 355,000 355,000 The property was revalued in 2015 from £275,709 to £370,000, originally purchased through a National Lottery Charities Board grant in 2000 and can not be sold wilhoul the prior written consent of the Lottery Bo8rd.The tnjstees confirmed that a valualion of the property wll take place in the year ended 31 March 2025. 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accounts receivable Other debtors Prepayments and accrued income 85,288 10,607 4,564 82,001 5,006 6,705 100,459 93,712 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accounts payable Other Creditors Accruals and deferred income 10,988 4,608 38.110 13,979 3,246 139,000 53,706 156,225 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 2024 14. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted funds General Fund Designated Funds Volunteer Centre Welsh Government Volunleering 21 388.220 120,345 281,666 148,839) 11,000 43,375 621,047 131,345 (43,375) {23,095) 85,294 62.199 593,859 215,196 5,536 814.591 Restricted funds Property Fund Youth Led Grant Fund Integrated Care Fund Revaluation Reserve Primary Care Screening Hywel Dda UHB Public Health County Led Prevention Welsh Gov't Transformation Fund - Community Hubs Welsh Govl Winter Pressures Grant Welsh Gov't Transformation Fund - Regional Investment W81sh Gov't Regional Integration Fund Volunteering Hywel Dda UHB Social Prescribing Welsh Gov't Transfomiation Fund WeI5h Gov't Warm Spaces Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov'l Transformation Fund - Hywel dda UHB Porth Gofal Holding Funds UK Gov't Shared Prosperity Fund - Valuing Volunteers UK Gov'l Shared Prosperity Fund- Communities Count Multiply Programme UK Gov't Shared Prosperity Fund - Catalyst for Care Welsh Gov't Transfomation Fund Hywel Dda UHB Porth Gofal Health & Care 267,801 267,801 5,449 108,331 94,291 2,750 5,449 (124,240) 243,218 94,291 11,500 {10,6471 18,250) (5001 51,376 1,263 500 53,139 21,061 20,850 11,102} (16,136} (19,925) 34 4.714 18,517 2,155 20.672 3.750 5,650 66.700 8,053 36,769 37,077 15,650} 77,596 66,700 8.053 21,777 8,324 {3351 29,766 22,682 3,107 18,3251 17.464 1261 26 15 {151 (1031 103 22,784 22,784 857,226 (72,146) {5,536) 779,544 TOTAL FUNDS 1,451,085 143,050 1.594,135 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 2024 14. MOVEMENT IN FUNDS - continued Nel movement in funds, included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General Fund Volunteer Centre Welsh Government Volunteering 21 262,552 {168,886} 143,375} 123,095> 188,000 281.666 (43,375} (23,095) 262,552 (235,356) 188,000 215,196 Restricted funds Youth Led Grant Fund Integrated Care FLJnd Primary Care Screening Hywel Dda UHB Public Health County Led Prevention Welsh Gov't Transformation Fund - Community Hubs Welsh Gov't Winter Pressures Grant Welsh Gov't Regional Integration Fund Volunteering Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Transformation Fund - Hywel dda UHB Porth Gofal Holding Funds UK Gov't Shared Prosperity Fund - Valuing Volunteers UK Gov'l Boosting Energy Efficiency UK Gov't Shared Prosperity Fund- Communities Count Multiply Programme UK Gorft Shared Prosperity Fund - Cata5yst for Care Welsh Gov't Transformation Fund Hywel Dda UHB Porth Gofal Health & Care 6,650 {1,201) {124.240) {8,250) 5.449 (124,2401 {8.2501 26,950 (25,687) 1.263 (1,102) (16,136) (1.1021 {16,1361 81,250 (44,481) 36,769 20,454 (12,130) 8,324 93,681 {90,574) 3.107 30,584 7,074 {30,610) 17.074) (261 2,300 (2,285) 15 8.303 (8,406) {103) 33.879 111.095) 22,784 311.125 {383.271) (72,146) TOTAL FUNDS 573,677 {618,627) 188,000 143,050 Page 17 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - ¢ontinued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General Fund Designat8d Funds Volunteer Centre Welsh Government Volunteering 21 {477,378) 106,000 113,100) 135,849 953.075 (87,4771 14,345 73,132 388,220 120.345 {60,0321 (50,5551 85.294 {248,629) 842.488 593,859 Restricted funds Propety Fund Integrated Care Fund Revaluation ReSee Primary Care Screening Community Led Prevention Borthrrregaron Hywel Dda UHB Public Health County Led Prevention WCVA Active Inclusion Grant Welsh Gov't Transformation Fund - Community Hubs Welsh Gov't Winter Pressures Grant Welsh Gov'l Loneliness and Social Isolation Fund Welsh Gov'l Transformation Fund - Regional Investment Welsh Gov'l Regional Integration Fund - Volunteering Hywel Dda UHB Social Prescribing Welsh Govl Transform8tion Fund Welsh Gov'l Warm Spaces Welsh Gov'l Loneliness and Social Isolation Fund Welsh Gov'l Transformation Fund- Hywel dda UHB Porth Gofal Holding Funds 270,301 250,118 94,291 11.500 5,957 (2.5001 (6,9001 267,801 243,218 94,291 11,500 (5.9571 20,775 2,711 30.601 51,376 {2,711} 28.470 24,955 {10.1201 (4,1051 2,711 21,061 20,850 20,484 {21,4341 950 18,517 18,517 3,750 5.650 66,700 8.053 3,750 5,650 66,700 8,053 22.727 19501 21,777 22.682 22,682 748,079 109.147 857,226 TOTAL FUNDS 499.450 951,635 1.451,085 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 2024 14. MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General Fund Volunteer Centre Welsh Government Volunleering 21 227,696 1196,6211 {60,0321 {50.555) 922.000 953,075 160,0321 150,5551 227.696 1307.208) 922,000 842,488 Restricted funds Property Fund Youth Led Grant Fund Disability Forum Integrated Care Fund Community Led Prevention B0rthregar0n Hywel Dda UHB Public Health County Led Prevention Vvelsh Gov't Transformation Fund - Community Hubs Welsh Gov't Winter Pressures Grant Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Regional Integration Fund Volunteering Hywel Dda UHB Social Prescribing Welsh Gov't Transformation Fund Welsh Gov't Warm Spaces Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Transfomiation Fund - Hywel dda UHB Porth Gofal Holding Funds (2.500) 17,649) 13.500) {47,872) 15,957) (2,5001 7,649 3,500 40,972 (6,9001 (5,9571 41,950 {11.349) 30,601 {10.120) 14,105) {10,120) 14,105) {21,434) (21,434) 48,750 5,650 72.500 17,324 (45,000) 3,750 5,650 66,700 8.053 15,800) 19,271) 22,727 22,727 55,000 {32,318) 22.682 316,022 (206,875) 109,147 TOTAL FUNDS 543,718 (514,083) 922.000 951,635 Page 19 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined position is as follows- Net movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestricted funds General Fund Designated Funds Volunteer Centre Welsh Government Volunteering 21 (477,3781 106,000 113.1001 135,849 1,234,741 (136,3161 25,345 116.507 621.047 131.345 {103,407) 173,650) 62.199 (248,6291 1,057,684 5.536 814,591 Restricted funds Property Fund Youth Led Grant Fund Integraled Care Fund Revaluation Reserve Primary Care Screening Community Led Prevention Borthftregaron Hywel Dda UHB Public Health County Led Prevention WCVA A¢tive Inclusion Grant Welsh Gov't Transformation Fund - Community Hubs Welsh Gov't Winter Pressures Grant Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Transformation Fund - Regional Investment Welsh Gov't Regional Integration Fund - Volunteering Hywel Dda UHB Social Prescribing Welsh Gov't Transformation Fund Welsh Gov't Warm Spaces Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Transfomiation Fund - Hywel dda UHB Porth Gofal Holding Funds UK Gov't Shared Prosperity Fund - Valuing Volunteers UK Gov't Shared Prosperity Fund - Cornmunitie5 Count Multiply Programme UK Gov'l Shared Prosperity Fund - Catalyst for Care Welsh Gov't Transfomiation Fund Hywel Dda UHB Porth Gofal Health & Care 270,301 {2,500) 5,449 (131,140) 267,801 5,449 108,331 94,291 2.750 250,118 94,291 11,500 5,957 110,6471 {8,250) {5,957) 15001 20,775 2,711 31,864 500 12.7111 53.139 28.470 24,955 (11.2221 (20,2411 117,2141 34 4,714 20,484 (21,4341 950 18,517 2,155 20,672 40,519 5.650 66,700 8,053 37,077 15,650) 77.596 66,700 8.053 31,051 11,285) 29.766 25,789 (8,325) 17.464 126) 26 15 115) 1103) 103 22,784 22,784 748,079 37,001 15,536} 779.544 TOTAL FUNDS 499.450 1,094,685 1,594,135 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 2024 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined nel movement in funds, included in th8 above are as follows-. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General Fund Volunle8r Centre Welsh Government Volunteering 21 490.248 (365,507) (103,407) {73.650) 1,110.000 1,234.741 (103,4071 (73.650) 490,248 (542.564) 1,110,000 1,057,684 Restricted funds Propety Fund Youth Led Grant Fund Disability Forum Integrated Care Fund Primary Care Screening Community Led Prevention B0rthregar0n Hywel Dda UHB Public Health County Led Prevention Welsh Gov't Transformation Fund - Community Hubs Welsh Gov't Winter Pressures Grant Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Regional Integration Fund - Volunteering Hywel Dda UHB Social Prescribing Welsh Gov't Transformation Fund Welsh Gov't Warm Spaces Welsh Gov't Loneliness and Social Isolation Fund Welsh Gov't Transformation Fund - Hywel dda UHB Porth Gofal Holding Funds UK Gov't Shared Prosperity Fund - Valuing Volunleers UK Gov't Boosting Energy Efficiency UK Gov't Shared Prosperity Fund - Communities Count Multiply Programme UK Gov't Shared Prosperity Fund - Catalyst for Care Welsh Gov't Transformation Fund Hywel Dda UHB Porth Gofal Health & Care 12.500) 18,850) 13.500) (172,112) 18.250) 15,957) {2.500} 5,449 14.299 3,500 40,972 (131,1401 (8,2501 (5,9571 68,900 {37,036) 31,864 {11,222) {20.241) {11,2221 {20,2411 {21,434) {21,434) 130,000 5,650 72,500 17,324 {89,481 } 40,519 5,650 66,700 8,053 15,800) 19,271 } 43,181 {12,130} 31,051 148,681 (122.892) 25,789 30,584 7,074 {30,610) (7,074) 1261 2,300 (2,285} 15 8,303 18,406} (1031 33,879 (11,095) 22,784 627,147 (590,146} 37,001 TOTAL FUNDS 1,117.395 {1,132,710} 1.110,000 1.094,685 DESIGNATED RESERVES 2023 Movement 2024 Designated staff contingency fund Designated office premises fund Designated IT development fund Designated Galluogi 31Enable 3 fund 64,000 28,269 23,076 5,000 11,000 75,000 28,269 23.076 5,000 120,345 11,000 131,345 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 2024 14. MOVEMENT IN FUNDS - continued RESERVES 2023 Movement 2024 Restricted funds Revaluation reserve 762,935 94,291 172,032) 690,903 94,291 Total reslricted funds 857.226 172,032) 785,194 Geneol reserv6S Pension fund Designated fund 372,514 101,000 120,345 4,882 198,000 11,000 377,396 299,000 131,345 1,451,085 141,850 1,592,935 UNRESTRICTED RESERVES 2024 2023 Brought forward Incoming resources Oulgoing resources Transfer l{to} restricted FRS102 pension cost Transfer fromlltol designated 372,514 274,109 1248.113) {114) (10,000) (11,000) 418,371 243,272 {292,784) 48,000 (14,345) General reseNes 377,396 372,514 PURPOSE OF RESTRICTED FUNDS Property Fund This fund relates to the purchase of office premises for the charity in 2001, which was funded by the Nationa Lottery Community Fund with a grant of £284,414. This fund is retained as a reslricled fund under the lems of the grant, which state that the building cannot be sold for 80 years from the date of the grant. In the opinion of the trustees. il is reasonable to set this fund against the pension li8bility for the purpose of calculating free reserves, as in the very remote likelihood of the pension liabilily Crystallising, it should prove possible to realise the property fund to meet it. Youth Led Grants Fund This fund relates to grants received and paid out lo projects in respect of the Youth Led Grants Scheme. Integrated Care Fund Administered by the seven regional partnership boards established under the Social Setvices and Wellbeing (Wales) Act 2014. this fund helps health boards and partners to work togelher 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 admissions to hospital or residential care and delays when someone is due to be discharged from care. Revaluation Reserve This reserve represents the increase in the value of the freehold property when it was revalued in 2015 from £275,709 to £370,000. Primary Care Screening This fund represents Public Health Wales funding to support Ihe Third Sector to raise awareness of Public Health screening programme5. Hywel Dda UHB Public Health County Led Prevention Funding Timebanking Ceredigion was originally funded by Hywel Dda University Health Board (Ceredigion County Led Prevention) to pilot Ceredigion Timebanking nelwork. Moving forward these funds will be used to recognise and value the contribution of individuals and encourage more people lo identify their strengths and build socia networks through volunteering. Page 22 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14, MOVEMENT IN FUNDS - continued Welsh Government Transformation Fund - Communlty Hubs The West WaSes Regional Partnership Board programme lo deliver change lo meet the priorities ouuined in the Welsh Governments "A Healthier Wales strategy. CAVO is a key delivery partner for the "Creating Connection for All" prtority action which aims to incentiVi5e active citizenship, based on an intergenerational approach that fosters and nurtures connections to alleviate loneliness and isolation prevalent in many of our communities. This fund was to support the creation of a Community Hub model. Welsh Government Winter Prossures Grant The West Wales Regional Partnership Board programme to deliver change lo meet the additional pressures faced by health and care services during the winter period. This fund was lo support the Third Sector lo respond to identified system challenges. Welsh Government Transformation Fund - Regional Investment The Wesl Wales Regional Partnership Board programme lo deliver change to meet the priorities outlined in the Welsh Governments "A Healthier Wales" Strategy. This fund was to support the Third Sector to improve people's mental wellbeing and social interaction post-COVID. Welsh Government Regional Integration Fund - Volunteering This project is funded by the Health and Social Care Regional Inlegralion Fund (the RIF), which support5 Regional Partnership Boards lo provide a renewed focus on community based care, emotional health and well-being, supporting families to slay together safely. care experienced children, home from hospital services and accomrnodation based solutions. This project will support the Healther Ceredigion Strategic Group IHCSG) in Iheir cornmitmenl to developing integrated palch-based care teams across Ceredigion by supporting the Third Sector, ¢ommunities and individuals to be part of health and care improvements in their communities. Welsh Government Transformation Fund The West Wales Regional Partnership Board programme to deliver change lo meet the priorities outlined in the Welsh Governments "A Healthier Wales" Strategy. CAVO is a key delivery partner for the "Creating Connection for All" priority action which aims to incentivise active citizenship, based on an intergenerational approach that fosters and nurtures connections to alleviate loneliness and isolation prevalent in many of our communities.. Welsh Government Warm Spaces This fund represents monies provided to assist with Ihe opening up of 'warm hubs,. The methodology behind this was to welcome people struggling with the rising cost of living and to help local organisations set up spaces for local people to access. Welsh Government loneliness and Social Isolation Fund Funding from Welsh Govemment lo distribute as grants lo build the capability and sustainabilily of front line grass roots voluntary and community organisations in Ceredigion that bring people of all ages together and help them build social connections. Welsh Government Transformation Fund - Hywel Dda UHB Porth Gofal The West Wale5 Regional Partnership Board programme to deliver change to meet the priorities outlined in the Welsh Governments "A Healthier Wales" Strategy. This fund was to support the Third Sector to develop and deliver services to meet identified gaps in sUPPOrt provision. Welsh Government Transfomiation Fund - Hywel Dda UHB Porth Gofal - Health and Care The West Wales Regional Partnership Board programme lo deliver change to meet the priorities outlined in the Welsh Governments 'A Healthier Wales" Strategy. This project was to explore opportLJnities for the Third Sector lo be involved in decision making processes and support packages PURPOSE OF DESIGNATED FUNDS Designated Staff Contingen¢y Fund This fund has been designated to meet potential future costs such as r8dund8n¢y and unexp8Ct8d increases in the rale of pension contributions. Designated Office Premises and Furniture Replacement Fund This fund has been designated by the trustees to assist with the refurbishment, renovation and maintenance of the offi¢e building and replacement of furniture and equipment as required. Page 23 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS - continued Designated IT Development Fund This fund has been designated lo enable CAVO to maintain IT syslerns at 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 to a new regional entity established with PAVS & CAVS to support our work with volunteers and the third sector across West Wales. 15. EMPLOYEE BENEFIT OBLIGATIONS Defined benefit scheme The company operates a defined benefit scheme in the UK. A full 8Ctuarial valuation was carried out at 31 March 2024. The amounts recognised in the Statement of Financial Acliviti8s are as follows.. Defined benefit pension plans 2024 2023 Currenl service cost Net interest from net defined benefit asseuliability Past seNice cost Administration expenses 37,000 65,000 83,000 74,000 1,000 1,000 121,000 140,000 Actual return on plan assets 200,000 {60,000) Changes in the present value of the defined benefit obligation are as follows-. Defined benefit pension plans 2024 2023 Opening defined benefit obligation Current service cost Contributions by scheme participants Interest cost Lossllgain} on assumptions Benefits paid 1,724,000 2,629,000 37,000 65.000 11,000 10,000 83,000 74.000 (75,0001 11,027,000) {29,0001 (27.000) 1,751,000 1,724,000 Page 24 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 MARCH 2024 15. EMPLOYEE BENEFIT OBLIGATIONS - ¢ontinued Changes in the fair value of scheme assets are as foSlows'. Defined benefit pension plans 2024 2023 Opening fair value of scheme assets Administration expenses Contributions by employer Contributions by scheme p8rticipanls Benefits paid Interest on plan assets Remeasurements lassetsl 1,825,000 11 ,000} 43,000 11,000 129,000} 88,000 113,000 1,856,000 (1,000) 40,000 10,000 {27.000) 52,QOO {105.000) 2,050,000 1.825,000 The amounls recognised in other recognised gains and losses are as follows-. Defined benefit pension plans 2024 2023 Actuarial gainsl(losses) 188,000 922.000 188,000 922,000 The major categories of scheme assets as amounts of total scheme assets are as follows.. Defined benefit pension plans 2024 2023 Equities Govemment bonds Other bonds Property Cash liquidity other 1,492.000 1,358,000 9,000 130,000 246.000 13,000 69.000 193.000 252,000 10.000 103,000 2,050,000 1,825,000 Principal actuarial assumptions at the Statement of Financial Position date {expressed as weighted averages): 2024 2023 4.80/. 4.2D/. 2.80'10 2.70/. Discount rate Future salary increases Future pension increases CPI inflation 4.10/. 2.60/0 The contributions made in respect of the accounting period to 31 March 2024 arnounted to £44,494 (2023 £41.331) of which nothing was Outstanding al the year end. Defined contribution scheme The charity has opened a defined contribution scheme for new employees. The assets of the scheme are held in a Nest independently managed scheme. The costs charged repre58nt contributions made during the year and amounted to £2,815 12023 £1,706}. £480 was outstanding al 31 March 202412023 £nill. Page 25 continued...

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS NOTES TO THE FINANCIAL STATEMENTS. continued FOR THE YEAR ENDED 31 MARCH 2024 16. CONTINGENT LIABILITIES There were no contingent liabilities as at 31 March 202412023.. Nil}. 17. RELATED PARf( DISCLOSURES There were no related paty iransactions for the year ended 31 March 2024. 18. MEMBERS. LIABILITY Members of the charilable company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of a winding up. Page 26

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Totsl funds Unrestricled funds Restricted funds INCOME AND ENDOWMENTS Investment income Deposit account interest 24,293 24,293 10,132 Charitable activities Grants 203,626 311.125 514.751 507,137 Other income Incorne generation Management fees 17,918 16.715 17,918 16.715 12,025 14,424 34.633 34,633 26,449 Total in¢oming Tesources 262,552 311,125 573,677 543,718 EXPENDITURE Charitable a¢tivities Wages Social security Pensions Telephone Postage, printing, stationery Travel and subsistence Training Subscriptions and affiliations Advertising and promotion cOPUter maintenance and soknre Recruitment Integrated Care Fund Timebanking project WG child poverty expenditure RIF patch based support SPF Investors in volunteers Depreciation of property Computer equipment Grants to organisations 135,813 18,325 45,401 1,654 315 2,356 961 1,355 220 14,160 100,793 236,606 18,325 46,570 1.654 315 3.905 1.057 1,355 986 14,160 22 203,646 15,314 41,332 1.801 306 2,255 508 1,236 5,959 7,111 1,169 1,549 96 766 22 43,641 9,058 9.058 100 10.000 3,888 3,888 2,500 2,500 2.500 390 88,705 11,000 257,432 268,432 234,060 374,773 608,833 424.804 Defined benefit pension costs Interest on pension scheme liabilities (10.000) {10,000) 48,000 Support costs Management Trustees, 8xpenses Insurance Professional fees Sundries Other premise5 expenses Heal and light Governance Carried forward 519 2.588 4,421 90 6.851 3,394 566 18,429 519 2,588 4,421 130 6,851 3,394 566 18,469 399 2.371 7,485 43 11,325 2.794 1,539 25,956 40 40 This page does nol form part of the statutory financial statements Page 27

CYMDEITHAS MUDIADAU GWIRFODDOL CEREDIGION I CEREDIGION ASSOCIATION OF VOLUNTARY ORGANISATIONS DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Tota5 funds Unrestricted funds Restricted funds Management Brought fOard Bank charges 5nvestment ch8rges Project management AGM Central costs recharged Contribution to central costs 18,429 60 1,181 40 18,469 60 1,181 25.956 60 611 14,424 228 84 84 8,458 18,458) 8,458 {8,458) 11,296 8,498 19,794 41,279 Total resources expended 235,356 383,271 618.627 514.083 Net income 27.196 172,146) {44,950) 29,635 This page does not form part of the statutory financial statements Page 28