RAY Ceredigion Annual General Meeting Saturday 1st March I.3￿3pM at RAY Ceredigion Aberaeron SA46 OBN Agenda 1.30 pm Teas, Coffees, Refreshments 2.00 pm Annual Report Aprll 2023-March 2024 on activlties & finances & future plans Chyfarfod Blynyddol Cyffredinol RAY Ceredigion Dydd Sadwrn I" o Fawrth I.3￿3vh RAY Ceredigion Aberaeron SA46 OBN 1.30yp re, Coffi a Iluniaeth 2.OOyh Adroddiad Blyryddol Ebrill 2023-Mawrth 2024 ar welthgareddau a chyllid a chynlluniau ar gyfer y dyfodol pi C• 015*5 570686 Ir.*irrel Al, RAY Annual General Meeting Saturday 1st March 2025 Agenda 1.30pm Welcome, Refreshments 2pm Annual Report presentation Minutes of previous AGM on 24.02.24 Infographic on achievements in 2023- 2024 Financial report on 2023-2024 Election of new trustees 2.30pm Presentation of Certificates for volunteers 3pm End of meeting Pa8elof3 RAY Ceredigion AGM - Minutes Time: 13:00- 15:00 Date: 24.02.24 Cornmittee Attendees Sally Jones (MA- Chair) Herbie Davies (AV - Treasurer) Waren Burton {WB- Vice Chair) Anna Rummey (AR- Committee Member) Gill Byrne (GB - RAY Ceredigion Executive Officer) Kelly Lloyd (KL) - minutes Apologies None Purpose of the meetlngs The annual general meeting is the yearly gathering of RAY Ceredigion's interested shareholders where the Executive Officer presents the charity's financial performance. It is primarily held to allow shareholders to vote on both company issues and the selection of the company's board of directors. Mlnutes from the last meetln8 Copies of the previous minutes (25.02.23) were made available for all attendees as part of today's AGM report (24.04.24). The participants, including attendees from the previous AGM read the minutes. Agreed that they are a true record of the minutes by those present during the previous AGM (Gill Byrne, Megan Tomlins, Sally Jones, Abigail Amos, Theresa Glover, Ellie Guiver, Kyera Barker, Gema Knight, Herbie Davies and Helen Cotterill). Meeting Summary Sally Jones (Chairperson) opened the meeting with an Introdurtlon as follows: "Hello & welcome to RA Y's AGM (open since 2001). My name is Sally Jones, and l am the choir of the committee here at RA Y. 2023-2024 has been another successful year with obstacles overcome and link5 Strengthened (miracles achievedl) - while also delivering valuable and valued services to all in the local community and throughout Ceredigion. THANK YOU TO ALL OUR FUNDERSI Gill, os always, has been o dedicated leader of G brilliant teL7m of staff (7nd volunteers. I would like to thank (name all staff members). Ellie will be celebrating the achievements and commitments of all the volunteers labour. Page2of3 Thanks go to my fellow committee members, Anna, Herbie, Warren, and of course, thanks and best wishes to our past chair Billy Goodfellow and secretory Helen Cotterill. Good luck and best wishes to staff who hove moved on during this past year. I'd like to finish by saying how heartening it is to see the huge commitment of staff and volunteers, To the ethos of RA Y Ceredigion, to the participants who use its services and the wider community. Here's Gill now with all the reports and news." Meetlng summary contlnued Background/update by Gill Byrne introduction to RAY'S film report made available during and after AGM as requested brief overview of the AGM report Viewing of the RAY Ceredigion film highlighted the identified need, e.g. gaps in services, Isolation, mental health, bringing people together staff team/different projects/play day/link5 to external services and agencles, e.g. police, social services, etc. wildlife garden (benefits) reflection on film by Gill Gill went through the overviews of performance and attendance over the past 12 months. Report on finances: financial accounts made available (hard copy) as part of the AGM Gill gave an overview, including grant funding, income/expenditure, e.g. utilities, staff wages, liability of redundancy, etc. Election of new trustees: present; Sally Jones, Anna Rummey, Herbie Davies, Warren Burton Vikki Forbes proposed and Carol Ashling second Sally Jones Oksana Hucul proposed and Theresa Glover second Warren Burton Ellie Guiver proposed and Megan Tomlins second Herbie Davies Page3of3 Kyera Barker proposed and Helen Cotterill second Anna Rummey Nominees: Gill Byrne proposed Judie Christie and Kelly Lloyd second Kaz Trinder proposed John Dymott and Ellie Guiver second Nest Evans nominated herself during the meeting {runs Cantre Mobility, Aberaeron and is sponsoring our carnival float). Kaz Trinder proposed Nest and Megan Tomlins second. Elected the officers: Gill Byrne proposed Sally Jones as Chairperson and Warren Burton second Sally Jones proposed Herbie Davies as Treasurer and Theresa Glover second Kaz Trinder proposed Warren Burton as Vice Chairperson and Vikki Forbes Second Sally Jones proposed Anna Rummey as Secretary and Megan Tomlins second Gill Byrne proposed Nest Evans, Judie Christie and John Dymott as general committee members and Kelly Lloyd second Gill shared that the next committee meeting will be held on the 12th of March (13".00- 15.00) Ellie Guiver presented certificates for volunteering thanked all volunteers provided an update presented certificates to committee members and project volunteers Laila Guiver-Phillips handed out the following certificates: Helen Cotterill Herbie Davies Sally Jones Warren Burton Anna Rummey Oksana Hucul Ellie presented a certificate to Laila Guiver-Phillips for her contribution AOB Megan Tomlins shared a reminder and Kaz Trinder shared further information regarding the Forget Me Knot pool tournament fundraiser held on the 2nd of March at the Yacht lub Closing Gill closed the meeting by thanking everyone tl lacèbo( ol J*J J70 606 4Y c.r. Kf_ Di(,ILIN 0712)2 06 2?2 er*Trr.ron crc 31<,,,,,.SAI, or)N RAY Ceredigion AGM Saturday 24th February 2024 Pengloyn, Aberaeron SA46 OBN Attendance Re ister Name ,iJ. 10. 12. 13. 14. 15. 0 IFAlJ,I 16. ie GLJ4 17. 18. 19. 5 20. 21. 24. 25. 26. RAY Ceredigion Apr 2023 to March 2024 Building Stronger Communities Together IUY is empowering youtN families and caregivers across Ceredigion. 74 volunteers contributed a total of 24 young people with disabilities benefit from DYMA Nl's activities 4,329 volunteer hours 456 Family Centre & Breastfeeding group 20 children attended RAY Actif Juniors RAY Ceredigion 2022123 data people attended the Forget Me Knot dementia support group RAY Actif 11-19 involved young people, engaging vulnerable youth with a range of activities. RAY Ceredigion engaged various organisations as a mid-county hub, supporting community cohesion. attended the RAY monthly14epair Cafe 214i attended play sessions in primary schools children attended outreach play van in the community attended RAY Play Day county festival TOTAL participants in RAY Activities in 12 month perod RAY Ceredigion 2022123 data Appointment to RAY Committee for 2025 to 2026 Current Trustees Name Role Standing for re- election Yes Yes Unable lo stand again due to ..Jersonal reasons Yes Yes Appointed Role 2025-2026 Anna Rumme Herbie Davies Warren Burton John D mott Nest Evans Jude Christie Sall Jones Secreta Treasurer Trustee Trustee Trustee Trustee Chair Stood down November 2024 due to health reasons Appointments to RAY Committee 2025-2026 Name Pro osed b Seconded b Thavbk for atte￿￿&￿L9 the RAY A Balance Sheet as at 31 March 2025 2025 2024 Note Fixed ass8ts Tangible assets 3,446 Current asset8 Debtors Cash al bank and in h8nd 12,274 203,148 131,025 215.422 131,025 Crèditors: Amounts falling due wlthSn one year Net current asset8 10,957 2,000 204,465 129,025 Net assats 207,911 129,025 Funds of th8 charity: Restrlctad Income funds Reslricled funds 60,325 33,359 Unre$trictgd Income funds Unrestrlcled fijnds 147.588 95,666 Total funds 10 207,911 129,025 The financial slatemenls on pages 6 to 15 wBre approved by the trusteès, and authortrsed f￿ issue on 26 September 2025 and signed on their behalf by.. John Dymoll Trustee The notes on pages 9 lo 15 fomi an integral part of Ihese finaniial statements. Page 8 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 1 A¢¢ountlng pollcies Statement of compllance The finanaal slalemenls have been prepared in accordan￿ wth the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Basls of preparatlon RAY Ceredigion meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant notelsl to these accounts. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations. gifts. legacies and grants that promde core funding or are of a général natur6 is recognised when the charity has entitlement to the incsJme, it is probable that the income will be r6ceived and the amount can be measured with suificient reliabilily. Donatlons and legacles Donations and legacies are recognised on a receivable basis when réceipt Is probable and the amount can be reliably measured. Grants recelvable Grants are recognised when the charity has an enlillemenl to the funds and any conditions linked lo the grants havè been mel. Where performance conditions are attached to the grant and are yel lo be met. the income is recognised as a liability and induded on the balance sheet as deferred income to be released. Investmontlncome Rental income and dividend income are recognised when received. Expendlture All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, il is probable settlement is required and the amount can be measured reliably. All cosls are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly allributed lo particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activitles Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and seNices for its beneficiaries. It includes both costs that can be allocated directly lo such activities and those cosls of an indirect natura necessary to support them. Page 9 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Taxatlon The charity is considered lo pass the tests sel out in Paragraph I Schedule 6 of the Finan￿ Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from laxalion in respect of income or capital gains re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such incom8 or gains are applied exclusively to charitable purposes. Tanglble flxed a88et$ Individual fixed assets cosling £120.00 or more are initially recorded at cost, 18ss any subsequent accumulated depreciation and subsequent accumulated impaim)ent Ioss6S. Depreciatlon and amortlsation Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset clas8 Fixtures and fillings Motor vehicleg Computer equipment Depreclatlon Method and rate 33.14 slraighl line basis 25% reducing balance 33% straight line basls Trade credltor8 Trade creditors are obligations to pay for goods or services th8t have been acquired in the ordinary CL)urse of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period. lo defer settlement of the creditor for at least ￿e1ve months after the reporting dale. If there is an unconditional right to defer settlement for al least ￿e1ve months after the reporting date, they are presented 8$ non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unreslricled income funds are general funds Ihal are available for us8 at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Iruslees. Restricted income funds are those donated for usé in a partic#Jlar area or for specific purposes, the use of which is restricted lo that area or purpose. Page 10 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Income from donations and logacle8 Unrestrlcted funds General Restrlcted funds Totsl fund$ Donations and legacies-, Donatsons from individuals Grants, including capital grants,. Grants from other charities 1,012 1,505 2,517 60,904 256,899 317,803 Total for 2026 61,916 258.404 320.320 Total for 2024 46.877 244.740 291.617 3 Income from othèr tradlng actlvStle8 Unrestrlcted fund8 General Restrlcted fund8 Total fund8 Enterprise income 15,839 21,263 37,102 Total for 2025 15,839 21,263 37,102 Total for 2024 13.620 1,621 15,241 4 Invastment Incomè Unrestrlcted funds Deslgnat6d General Restrlcted funds Total funds Inlèresl receivable and similar income- Interest receivable on bank deposils Income from rents 725 725 9,767 9,767 Total for 2025 725 9,767 10,492 Totsl for 2024 3,997 3.997 Page 11 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Taxatlon The charity is a registered charity and is therefore exempl from laxalion. 6 Tanglble flxed assèts Furnlture and equipment Computer equlpment Motor vehlclas Total Cost Al 1 April 2024 Additions 8,898 1,969 18.726 7,221 1,477 32,845 3,446 At 31 March 2025 8,867 18,726 8,698 36,291 Depre¢latlon At 1 April 2024 6,898 18,726 7,221 32.845 Al 31 March 2025 6,898 18,726 7,221 32,845 Net book value At 31 March 2025 1,969 1,477 3,446 At 31 March 2024 7 Debtors 2026 Prepayments & accrued income Other debtors 11,655 619 12,274 8 Ca8h and cash oqulvalent8 2025 2024 Cash on hand Cash al bank 190 202,958 217 130,808 131,025 203,148 Page 12 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 9 CredStors: amounts falllng due within one year 2025 2024 Trade creditors Accruals 2.169 8,788 2,000 10,957 Page 13 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Funds Balance at 31 March 2026 Balance at I Aprll 2024 Incomlng resources Rèsource6 expendèd Transfers Unr66trlcted funds Unréstricted general funds General funds 76,766 87.522 (31.1971 (83,586) 49,505 Unrestrlcted designatéd funds Designated redundancy fund Designated r/)nlingency fund 18,900 725 20,820 40,445 57,636 57,636 Total unrgstrlcted fund8 95.666 88,247 31,197) 5,130 147,586 Restrlcted Funds Big Lottery Fund Families First Youth Support Granl Food Povorty Grant Pembrokeshire Association of Voluntary Organisalions Ceredigion Association of Voluntary Funds BBC Children in Need Forget Me Knol Club AWA Oyma Ni Social Club WGCF Disability Sports Age Cymru Sl Davids Charles Heyward 826 39 300 2,379 174.793 (175,8201 39 300 2,379 3,038 3,038 4,084 1.501 15.198 6.814 79 {5.129) 4,230 22,052 29,258 8,768 19.992 {16,978) 128.3241 {9.392) {6,8141 9,158 2,435 14.574 19,992 79 5,129 10.000 4,054 6,750 4.000 (9.999) {3,954) {6.750) 4,231 100 4.000 Restricted funds 33,359 279.667 257,831 5,130 60,325 Total funds 129,025 367.914 (289,028 207,911 Page 14 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Balance at 31 March 2024 Balance at 1 Aprll 2023 Incoming resources Resources expended Transfer8 Unrestricted funds General 95,224 64.494 (81,8101 {1.142) 76,766 Designated 18.900 18,900 Totsl unre8trlcted funds 114.124 64.494 {81,810) 11,142) 95,666 Rèstrlctad funds 20,961 246,361 235,105 1,142 33.359 Total funds 135.085 310.855 316,915 129,025 Page 15 RAY Ceredigion Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and Endowments from.. Donations and legacies lanalysed below) Other trading activities lanalysed below) Investment income {analysed below) 320,320 37.102 10.492 291.617 15.241 3.997 Total income 367.914 310,855 Expendltur8 on.. Charitable activities {analysed below) Other expenditure {analysed below) (287,5921 1,436 1311,447) 5,468 Total expenditure 289,028 316.915 Net incomel(expenditure) Reconclllatlon of fund8 78,886 6,060 Total funds carried fO￿ard 6,060 This page does not form part of the statutory financFal statements. Page 16 RAY Ceredigion Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued) Total 2025 Total 2024 Donatlons and legacies Donations and legacies Grants, including capital grants 2,517 317,803 1.552 290,065 320.320 291,617 Other trading activitles Enterprise in¢ome 37,102 15,241 37.102 15,241 Inv8stm•nt income Interest receivabl8 and similar income Income from rents 725 9,767 3,997 10,492 3,997 Charltable activitles Activity and resoure£ costs Wages Pensions Recruilmenl Volunleei cosls Subsistence & travel costs Motor expensos Office and marketing costs Cleaning Rent & utilities Insurance Training Repairs and maintenance Garden Grant funded capital projects (19.5571 {192,0351 (12.3481 {2,0551 {2,8381 {3,6491 {4,7821 (12.164) {2,7311 (24,1891 {1,078) (4,768) {5,398) {36,9591 {181.3491 11,345) {1,711} {11,040} {33,0721 {6,5331 {4,2041 11701 35,064 311,447 Other expendltur8 Accountancy fees Evaluation fees Other resources expended (1,3301 (3,068) 12,400) 106 1,436 5,468 This page doe5 nol fomi part of ihe statutory finanryal statelnenls. Page 17 Charily registration number.. 1092722 RAY Ceredigion Annual Report and Financial Statements for the Year Ended 31 March 202S RAY Ceredigion Contents (continued) Reference and Adminislr21ive Delails Trustees, Report 2to3 Statement of Trustees, Responsibilities Independent Examiner's Report Slalement of Financial Activities 6107 Balan￿ Sheet Notes lo the Financial Statem8nls 9t015 RAY Ceredigion Reference and Administrative Details Trustees Nest Evans. Chair Anna Rummey. Secretary John Dymott. Treasurer Judie Christie. Trustee 1092722 Charlty Reglgtratlon Number Prlnclpal Offl¢¢ Pengloyn Tabernacle Street Aberaeron Ceredigion SA46 OBN Independènt Examlnar O. Rhys Jones 1 North Road Aberaeron Ceredi9ion SA46 OJO Page 1 RAY Ceredigion Trustees, Report The Iruslees present the annual report together with the financial statements of the charity for Ihe year ended 31 March 2025. Obje¢tive8 and actlvitSes Objects and aims To continue lo support the he811h and wellbeing of residents of Ceredigion p8rticularly those who are most vulnerable. disadvantaged and isolated, and to use their feedback lo amend and improve Ihe aclivities provided. To WOTk with partner external agencies lo provide more specialised support as needed and available. To improv8 wellbeing by supporting vulnerable groups through play, creativity. care and community. Public benefit The charity provides activities that improve the health and wellbeing of Children. Young People. Families. those with disabilitles and Older People, with a focus on those that are most vulnerable and disadvantaged in the county of Ceredigion. The trustees confirm Ihat Ihey have complied ¥Mlh th6 requirements of seclion 17 01 the Charilios Act 2011 to h8ve due regard to the public benefit guidance pubiished by th6 Charity Commission for England and Wales. Flnanclal revlew Pollcy on reseNes Based on a realistic assessment ol the reserves n8eded the trustees ciJn$ider that the appropriate level ol free rèserves is 25Oh of 8nnual 8xpendilure. This is based on the following consideralions'.- a) the reliance of the charily on non-continuous fijnding b) to provide for any shortfall in funds generaled to cover the r￿sts of running the scheme ¢1 the notice period for the premises le8se is 3 months d) to protect against unforeseen events The trustees consider that al present a contirtgency reseNe of £57,636 is required. The currenl18vel of unrestricted non designated reseNes is £49.505. In addition. the Iruslees have designated a furtheT £40,445 as a redund8ncy fund. Structure, governancè and management Nature of govornlng do¢ument Trustees hav8 overall management of the charity and meel regularly every 2 monlhs for General Meetings and additional as required eg for HR purposes, reviewing finances and activities. Recniltment and appolntment of trustees Trustees are recruited al publidy held AGM'S and addilionally can be co-opted at General Meelings in line with the ¢ondilions in the Constitution. Induction and tralnlng of (rustees Free training is available for staff, Trustees and volunteers on an'ongoing basis. Some training is compulsory such as Safeguarding and some is optional. Page 2 RAY CeredlgSon Trustees. Report {cont5nued) Major rlsks wnd m4n•gèm•nl oflhos• rlsks Funding inslatsiily Flucluallons In donations ond grants m¥an un¢&rtsinly for the luliire opèralions ol FiAY C6rodlgion. In order lo manage rlsk Iht fo¢us 18 on developing more fundralslng & donallons opportunllles. bulldino up lund5 10 enable Ihe charlly lo navlgale economk downturns and looklng al expanding oui gcllvities lo generale mor$ granl lundlng. The annual report was 8pproved by the Iwylee8 01 chorlty on 26 Seplember 2025 and Slgned on Ils behall by.. John Dymolt Treasur81 Page 3 RAY Ceredlglon Statement of Trustees. Responsibllllles The Irugl¢es 8ie Tesponsible lor preparlng Ihe Irusleas, rèport and ihe linancial stalgwts In 8ccordaneo wllh the Uniled Kingdom A¢¢ounting Slandards (Uniled Kingdom Geneialty Accopled Accounllng Praclthl 8nd 8ppt1￿ble law and regulalions. The law applicablo lo Gharslios requires Ihe tnjslees lo prtsparo linancial slalemenls lor each financial year which glv8 8 true and fair view ol th& slate ol affalrs ol Ihe charity and of Ihe Incomlng resources and application of r$soui¢es ol the Charity lor thal perlod. In pr•parin9 these financlal statem8nlS, the InJsl8&s aio requlred lo.. sel$cl suitable accounting policies ond then ap￿Y them ¢ot)sislently: obseNe the melhod$ and prln¢iplè$ in th• Charilies SORP- mak* ludgernenls and esllmales Ihal are r•oson8ble and wdentr, slate whether applicabl¢ accounting standards have been followed. subh8Ct lo any m818rial deparlur85 disc105ed and explained in the finan¢ial ststemenls.. and pr•par8 th• fln8nci81 slaiem8nls on Ihe going Cgncgrn b46is unlpss11 Is Inapwopri8le lo presume that Ihe ¢hèrtty wlll conllnue rn busin￿8. The Iru$iees arè résponslbl8 lor keeplng proper aco)unllng recoryls thal dlsclos8 wllh re85()noble 8ccuracy 81 any lime the fillanclol posilion of the charkty and enable them lo 8nsure Ihal Ihe financial $latgmenl8 comply with the Charllles Act 2011, the Charllies IAccounts ond Reports) Regulallons 2008. and the provisions ol the ¢onslllullon. The Iru$lg9$ •r¥ also responslble lor saléguardlng Ihe asse1$ ol the charfly and honc8 for laklng reasonable Steps lor the prevenllon and ¢Jfrle¢tion of fraud gnd other irrtgularillos. The truslces are responsible lor the maintenance and inlegrily ol thè corporat6 and financi81 Informallon Included on tho charltable Company's website. Legislation goveirwng Ihe preparation and dlsseminatlon of financlal slalèmanls may dmfer from legislation In othèr hKisdlclicffis. Approved by Ihe Iruslees ol th¢ ¢h8rily on 26 Seplernber 2025 and slgngd on It5 bghall by.. John DyT7k4tt ' Trusleo Pag8 4 RAY Ceredigion Independent Examiner's Report to the trustees of RAY Ceredigion I report to the trustees on my examination of the accounts of RAY Ceredigion for the year ended 31 March 2025. Responslbllltles and bas[$ of report As the charity trL*slees ol RAY Ceredigion you are responsible for the preparation of the accounts in accordance wilh the requirements of the Charities Act 20111'lhe Acl.). report in respect of my examination of the RAY Ceredigion's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Direclions given by the Charity Commission under section 145{5){b) of the Act. Indopondont examlner's statement Since RAY Ceredigion's gross income exceeded £250,000 your examiner must be a member of a body listed in seclion 145 of the 2011 Act. I confirm that l am qualified to undertake th8 examination because l am 8 member of Charterd Certified Accountants, which is one of the listed bodies. I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe Ihal in any material respect.. 1. accounting records were not kept in respèct of RAY Ceredigion as required by section 130 of the Act.. or 2. the a¢¢ounts do not accord with th¢)se records; or 3. the accounts do not comply wrth the accounting requirements concerning the fom and content of accounts set out in the Charities {Accounls and Reports) Regulations 2008 other than any requirement that the accounts give 'Irue and fair view, whlch is not a matter considered as part of an independent examination. I have no Concerns and have come acros8 no other matters in conn8clion with the examination to which attention should be drawn in this report in order to enable a proper undérstanding of the accounts to be reached. Owain Rhys Jones FCCA 1 North Road Aberaeron Ceredigion SA46 OJD 26 September 2025 Page S RAY Ceredigion Statement of Financial Activities for the Year Ended 31 March 2025 Unrestrl¢ted funds Restrlcted funds Total 2025 Note Income and Endowments from: Donations and legacies Other trading activities Investment incom8 61,916 15,839 10.492 258,404 21,263 320.320 37,102 10,492 Total income 88,247 279,667 367.914 Expondlture on: Charitable activities Other expenditure (29.818) 1,379 1257,774) 57 {287,5921 1,436 Total expenditure 31,197 257,831 289,028 Nel income Gross transfers be￿een funds 57,050 5,130 21,836 5,130 78,886 Nel movement in funds 51,920 26.966 78,886 Reconclllatlon of funds Total funds brought forward 95,666 33,359 129.025 Total funds carried forward 10 147.586 Unre8trlcted funds 60,325 Re8trScted funds 207,911 Totsl 2024 Note Income and Endowmonts from: Donations and legacies Other trading activities Investment income 46,877 13,620 3,997 244.740 1,621 291,617 15,241 3,997 Total income 64.494 246.361 310,855 Expendlture on., Charitable activities Other expenditure (78.442) 3,368 (233,005) 2,100 {311,4471 5,468 Total expenditure 81,810 235,105 316,915 Nel lexpenditurellincome Gross transfers between funds (17,316) 1,142 11,256 1.142 (6,060) Nel movement in funds (18,458) 12.398 (6,060) Rocon¢lllatlon of funds Total funds brought lo￿ard 114,124 20,961 135.085 Total funds carried fomard 10 95,666 33,359 129,025 All of the charily's activities derive from continuing operations during the above pericmjs. The notes on pages g to 15 fom an integral part of these finanaal statements. Page 6 RAY Ceredigion Statement of Financial Activities for the Year Ended 31 March 2025 (continued) The funds breakdown for 2025 is shown in note 10. The notes on pages 9 to 15 fomi an integral part of these financial statements. Pa9e 7 RAY Ceredigion {Registration number: 1092722> Balance Sheet as at 31 March 2025 2025 2024 Note Fixed ass8ts Tangible assets 3,446 Current asset8 Debtors Cash al bank and in h8nd 12,274 203,148 131,025 215.422 131,025 Crèditors: Amounts falling due wlthSn one year Net current asset8 10,957 2,000 204,465 129,025 Net assats 207,911 129,025 Funds of th8 charity: Restrlctad Income funds Reslricled funds 60,325 33,359 Unre$trictgd Income funds Unrestrlcled fijnds 147.588 95,666 Total funds 10 207,911 129,025 The financial slatemenls on pages 6 to 15 wBre approved by the trusteès, and authortrsed f￿ issue on 26 September 2025 and signed on their behalf by.. John Dymoll Trustee The notes on pages 9 lo 15 fomi an integral part of Ihese finaniial statements. Page 8 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 1 A¢¢ountlng pollcies Statement of compllance The finanaal slalemenls have been prepared in accordan￿ wth the second edition of the Charities Statement of Recommended Practice issued in October 2019. the Financial Reporting Slandard applicable in the United Kingdom and Republic of Ireland IFRS 102) and the Charities Act 2011. Basls of preparatlon RAY Ceredigion meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised al cost or transaction value unless otherwise slated in the relevant notelsl to these accounts. Golng concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Income and endowments Voluntary income including donations. gifts. legacies and grants that promde core funding or are of a général natur6 is recognised when the charity has entitlement to the incsJme, it is probable that the income will be r6ceived and the amount can be measured with suificient reliabilily. Donatlons and legacles Donations and legacies are recognised on a receivable basis when réceipt Is probable and the amount can be reliably measured. Grants recelvable Grants are recognised when the charity has an enlillemenl to the funds and any conditions linked lo the grants havè been mel. Where performance conditions are attached to the grant and are yel lo be met. the income is recognised as a liability and induded on the balance sheet as deferred income to be released. Investmontlncome Rental income and dividend income are recognised when received. Expendlture All expenditure is recognised once there is a legal or constructive obligation lo that expenditure, il is probable settlement is required and the amount can be measured reliably. All cosls are allocated to the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly allributed lo particular headings they have been allocated on a basis consistent with the use of resources. with central staff costs allocated on the basis of lime spent. and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activitles Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and seNices for its beneficiaries. It includes both costs that can be allocated directly lo such activities and those cosls of an indirect natura necessary to support them. Page 9 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Taxatlon The charity is considered lo pass the tests sel out in Paragraph I Schedule 6 of the Finan￿ Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from laxalion in respect of income or capital gains re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that such incom8 or gains are applied exclusively to charitable purposes. Tanglble flxed a88et$ Individual fixed assets cosling £120.00 or more are initially recorded at cost, 18ss any subsequent accumulated depreciation and subsequent accumulated impaim)ent Ioss6S. Depreciatlon and amortlsation Depreciation is provided on tangible fixed assets so as lo write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows.. Asset clas8 Fixtures and fillings Motor vehicleg Computer equipment Depreclatlon Method and rate 33.14 slraighl line basis 25% reducing balance 33% straight line basls Trade credltor8 Trade creditors are obligations to pay for goods or services th8t have been acquired in the ordinary CL)urse of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period. lo defer settlement of the creditor for at least ￿e1ve months after the reporting dale. If there is an unconditional right to defer settlement for al least ￿e1ve months after the reporting date, they are presented 8$ non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Fund structure Unreslricled income funds are general funds Ihal are available for us8 at the trustees discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the Iruslees. Restricted income funds are those donated for usé in a partic#Jlar area or for specific purposes, the use of which is restricted lo that area or purpose. Page 10 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 2 Income from donations and logacle8 Unrestrlcted funds General Restrlcted funds Totsl fund$ Donations and legacies-, Donatsons from individuals Grants, including capital grants,. Grants from other charities 1,012 1,505 2,517 60,904 256,899 317,803 Total for 2026 61,916 258.404 320.320 Total for 2024 46.877 244.740 291.617 3 Income from othèr tradlng actlvStle8 Unrestrlcted fund8 General Restrlcted fund8 Total fund8 Enterprise income 15,839 21,263 37,102 Total for 2025 15,839 21,263 37,102 Total for 2024 13.620 1,621 15,241 4 Invastment Incomè Unrestrlcted funds Deslgnat6d General Restrlcted funds Total funds Inlèresl receivable and similar income- Interest receivable on bank deposils Income from rents 725 725 9,767 9,767 Total for 2025 725 9,767 10,492 Totsl for 2024 3,997 3.997 Page 11 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 5 Taxatlon The charity is a registered charity and is therefore exempl from laxalion. 6 Tanglble flxed assèts Furnlture and equipment Computer equlpment Motor vehlclas Total Cost Al 1 April 2024 Additions 8,898 1,969 18.726 7,221 1,477 32,845 3,446 At 31 March 2025 8,867 18,726 8,698 36,291 Depre¢latlon At 1 April 2024 6,898 18,726 7,221 32.845 Al 31 March 2025 6,898 18,726 7,221 32,845 Net book value At 31 March 2025 1,969 1,477 3,446 At 31 March 2024 7 Debtors 2026 Prepayments & accrued income Other debtors 11,655 619 12,274 8 Ca8h and cash oqulvalent8 2025 2024 Cash on hand Cash al bank 190 202,958 217 130,808 131,025 203,148 Page 12 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 9 CredStors: amounts falllng due within one year 2025 2024 Trade creditors Accruals 2.169 8,788 2,000 10,957 Page 13 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 10 Funds Balance at 31 March 2026 Balance at I Aprll 2024 Incomlng resources Rèsource6 expendèd Transfers Unr66trlcted funds Unréstricted general funds General funds 76,766 87.522 (31.1971 (83,586) 49,505 Unrestrlcted designatéd funds Designated redundancy fund Designated r/)nlingency fund 18,900 725 20,820 40,445 57,636 57,636 Total unrgstrlcted fund8 95.666 88,247 31,197) 5,130 147,586 Restrlcted Funds Big Lottery Fund Families First Youth Support Granl Food Povorty Grant Pembrokeshire Association of Voluntary Organisalions Ceredigion Association of Voluntary Funds BBC Children in Need Forget Me Knol Club AWA Oyma Ni Social Club WGCF Disability Sports Age Cymru Sl Davids Charles Heyward 826 39 300 2,379 174.793 (175,8201 39 300 2,379 3,038 3,038 4,084 1.501 15.198 6.814 79 {5.129) 4,230 22,052 29,258 8,768 19.992 {16,978) 128.3241 {9.392) {6,8141 9,158 2,435 14.574 19,992 79 5,129 10.000 4,054 6,750 4.000 (9.999) {3,954) {6.750) 4,231 100 4.000 Restricted funds 33,359 279.667 257,831 5,130 60,325 Total funds 129,025 367.914 (289,028 207,911 Page 14 RAY Ceredigion Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Balance at 31 March 2024 Balance at 1 Aprll 2023 Incoming resources Resources expended Transfer8 Unrestricted funds General 95,224 64.494 (81,8101 {1.142) 76,766 Designated 18.900 18,900 Totsl unre8trlcted funds 114.124 64.494 {81,810) 11,142) 95,666 Rèstrlctad funds 20,961 246,361 235,105 1,142 33.359 Total funds 135.085 310.855 316,915 129,025 Page 15 RAY Ceredigion Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Total 2024 Income and Endowments from.. Donations and legacies lanalysed below) Other trading activities lanalysed below) Investment income {analysed below) 320,320 37.102 10.492 291.617 15.241 3.997 Total income 367.914 310,855 Expendltur8 on.. Charitable activities {analysed below) Other expenditure {analysed below) (287,5921 1,436 1311,447) 5,468 Total expenditure 289,028 316.915 Net incomel(expenditure) Reconclllatlon of fund8 78,886 6,060 Total funds carried fO￿ard 6,060 This page does not form part of the statutory financFal statements. Page 16 RAY Ceredigion Detailed Statement of Financial Activities for the Year Ended 31 March 2025 (continued) Total 2025 Total 2024 Donatlons and legacies Donations and legacies Grants, including capital grants 2,517 317,803 1.552 290,065 320.320 291,617 Other trading activitles Enterprise in¢ome 37,102 15,241 37.102 15,241 Inv8stm•nt income Interest receivabl8 and similar income Income from rents 725 9,767 3,997 10,492 3,997 Charltable activitles Activity and resoure£ costs Wages Pensions Recruilmenl Volunleei cosls Subsistence & travel costs Motor expensos Office and marketing costs Cleaning Rent & utilities Insurance Training Repairs and maintenance Garden Grant funded capital projects (19.5571 {192,0351 (12.3481 {2,0551 {2,8381 {3,6491 {4,7821 (12.164) {2,7311 (24,1891 {1,078) (4,768) {5,398) {36,9591 {181.3491 11,345) {1,711} {11,040} {33,0721 {6,5331 {4,2041 11701 35,064 311,447 Other expendltur8 Accountancy fees Evaluation fees Other resources expended (1,3301 (3,068) 12,400) 106 1,436 5,468 This page doe5 nol fomi part of ihe statutory finanryal statelnenls. Page 17