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 

**-1-** 



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.** 

**-5-** 



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.** 

**-6-** 



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 


**----- Start of picture text -----**<br>
Grants For Distribution<br>£234,714 (<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Other Income<br>£58,926 (<br>Core Funding<br>£204,826 (<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Projects Funding (other sources)<br>£75,211 (<br>**----- End of picture text -----**<br>


## Expenditure for 2023-2024 

Governance & Support Costs £104,673 ( 


**----- Start of picture text -----**<br>
Restricted Services & Projects<br>£255,522 (<br>Grants Distributed<br>£268,432 (<br>Pension Scheme Liabilities<br>£10,000 (<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
-8-<br>**----- End of picture text -----**<br>




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.** 

**-9-** 



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** 

**-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 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 Fund￿ng
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 C￿nde1t￿aS 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 be￿een 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 funct￿On, 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 ReSe￿e
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 B0rth￿regar0n
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 B0rth￿regar0n
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 Health￿er 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
cO￿PUter 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 fO￿ard
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

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 Fund￿ng
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 C￿nde1t￿aS 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 be￿een 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 funct￿On, 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 ReSe￿e
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 B0rth￿regar0n
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 B0rth￿regar0n
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 Health￿er 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
cO￿PUter 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 fO￿ard
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