Charity registratlon number 1126170
Company registratlon number 06655221 <England and Wales)
AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
LEGAL AND ADMINISTRATIVE INFORMATION
Trustoes
MrT N Davies
Mrs M Awilliams
Ms M Pickering
Mrs M Thomson
Ms K Smith
Mrs J Langley
Ms A Ogilvy
Ms A Ledsharn
Secretary
Mrs K Crane
Charlty number
1126170
Company number
06655221
Reglstered offlce
Lewls House
Swan Slr6el
Flint
CH6 5BP
Indepondent examlner
DSG
Castle Chambers
43 Castle Streel
Llverpool
L2 9TL

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
CONTENTS
Page
Trustées, repcrt
Independent examln8Vs report
Statement of financlal actlvllies
Balance sheet
Statement of cash flov
Noles to the llnancial statements
9-18

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT {INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The Irust88s pres6nl thelr annual report and financial statements for the year ended 31 M8rch 2024.
The financial slalements have beon prepared In accordance with Ihe accounting pollcles sel out In note 1 to the
financial statements and comply wlh the charitable company's Memorandum and Articles of Associatlon, th6
Companies Act 2006 and "Accounting and Reportlng by Charities.. Slalement of Recommended Practlce applicable
lo charllles preparing their accounts In accordance wilh Ihe Flnancial Reportlng Standard applicable in the UK and
Republic of Ireland (FRS 1021" {effeclive 1 January 2019).
Charlty Informatlon
Ag6 Connects North East Wales IACNEWI was set up in 2001 orlglnally as Age Concern North East Walos and has
now been eslabllshed for over twenly years. In that Ilmè ACNEW has grown to meet the needs of the Increaslng
numbers of older p8opl8 over 50 in Wrexham County and Flintshlre.
Objectlves and activltles
ACNEW'S misslon is to support older people and their carers In having the best possible quallly of life, The charity
operates as a non-proflt organisallon for the benefit of people who are 50+ living In Flln18hlre and Wrexham County
Borough,
ACNEW alms to achleve Ils mlssion by-
Provlding responslve, person cenlred seNc8S to oldw people and their caTer8
Promoting safe and healthy living for older people
Ralsing the image and profile of older people's life issu8S
Working Sn partlcipalion and ¢o-operalion with other likeminded org8nisalions
Continuously developlng the organisation in a sustainable, 6ffic¢ent, and effective way.
The charity has specific objecllves that enable It lo achieve these aims -
To provlde tlmaly and accurate Informatlon, advice, and other 8ppropri8te support on the range of goods
and servlces available to older people and thelr carers.
To advocale on b6half of older people, and actlvely seek to promote thelr v16ws at slr8tegic commlllees of
all statutory and other government bodles.
To maxlmlse the Income available to and for old8r peO￿e and thelr carers, Ihrough close and co-operatlve
working with partner organlsallons when approprlala.
To r88earch, Identtfy and r8ise awarèness of the unmel naeds of older people and Iheir car8rs locally.
To develop a volunleer-base to complement the delivery of servlces.
To promote the safely and securfly of older people in day-to-day Ilvlng.
To support the good heallh and wellbeing of older people through promoting physlcal aclivlly, the
consumpllon of 8 health promoting dlet, and any other aclivily that can conlribule to good mentallphyslcal
health In older age.
To promote the development of a wide range of181sure and social opportunllles for older people. 8spedally
any whlch help lo bulld community cohesion ar)d break down lh8 barrl8rs between generations.
To promole, Inillale, support, and develop a variety of methods to ensure that older peop18 are consulted
and Included in decislons that are made about sèrvices and other matlers Ihal affect Iheir Ilves.
Public benefit
Tha trustees have paid du6 regard to guidance Issued by the Charity Commission in deciding what aGllvities the
charitable Gompany should undertake.

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Achlevements and performance
This was another positive year for ACNEW ￿ryth continuing slrong demand for seNlce$, a good level of donallons
received and Increased income from the Home Solulions Servi￿ (part of ACNEW'S Soclal Enterprise).
ACNEW was dellghled wlth Its athlevemenls and perforrnance across all se￿ICe areas during 2023124. whlch
inGluded
Helping older people to maximlse thelr income by assisling appllcations for entitlement lo benefils such as
Allendance Allowance, Pénslon Credil and Housing Beneflt. In 2023124 benefit enlit18menls galn6d for
older people across Flinlshire and Wrexham Counly Borough reached £1,096,932.
Assistlng over 245 clients weekly. fortnightly or monthly by delivering 10,232 hours of support over 6,916
appolnlments through tha Home Solutions service. Thls support covered cleaning, shopping, assisted visits
and wmpanlonship, which enabled older people to remaln indep8ndenl and remain in Iheirown home.
Providing 45 Toe Nail Cutting Clinics durlng 2023124 with over 200 clients atlanding ￿gularlY.
Both of ACNEW'S Old8r People's Floaling Support S8rvices assisted 155 seNic8 users w88kly, méeling their
pèrformance targets wlth no volds.
Donations income of £13.091 induded a fvrther £10,0￿ from the estate of Mr. Peter W, Jones.
Thank you lo Bellls Brothers again for their continued supporl and hosllng the popular fundraislng Blngo evenlng on
7 Septembèr 2023., the event ralsed over £1.000 for the Charlty.
Durlng the year ACNEW made a successful applicalion to The Moondance Foundation whlch allowed Ihe Charlty to
fund an offlce-based advlsor to deal with Information and advice 8nquiries. ACNEW also recelved fundlng from
Denblghshlr8 County Councll for new bl-lingual leaflets and promolional material.
Flnanclal revlew
Income for th6 year was £579,658 (2023: £534,732) and expenditure was £544,947 (2023., £446,592). Thls result8d
in a 6urplus for Ihe yèar of £34,711 (2023.. £88.140),
As at the 31 March 2024 the tolal unrestrlcted reserves of the charfly amounted to £358,007 {2023: £321,028).
Although faced with challenging economlc condllions and widespread cost-of-llvlng pressures, ACNEW was able to
Increase Its trading acllvily and aSSC￿lated income In each quarter of 2023124 with the Home Solutlons servlcÈ
returning Its bast ever annual Income total of lust over £219,￿0. Donations and legacles income was down on the
2022123 total bul well ahead of budgel wSlh total receipts of £13,091 recorded. Increased Income together wlth the
easlng in enorgy costs and some reduced 8mployee expendiiure ¢ontribuled to lh8 overall surplus of £34.711
achleved for Ihe year,
Reserves pollcy
11 is the policy of the ch8ritable company that unrestricted funds which have not been deslgn8ted for a specific use
should be maintained al a level equivalent to between three and six month's expenditure. The Iruslees consider that
reserves al Ihls level will ensure that, in the event of a significant drop In funding, they will be able to conllnue the
charft8ble company's current activities while conslderallon is given to ways in which addldonal funds may be raised.
This lev61 of reserves has been maintained throughout the year.
The trustees hava assessed the rnalor risks lo which the charitable cnmpany Is 8xposed. 2nd are satlsfjed thal
systams are in place to mttigale exposure to the major risks.
Plans for futurè periods
ACNEWS Revlew and Strategy meeting held was held on 14 Febwary 2023, The meeting focused on ev81uation of
sérvices currently delivered by the Charity. Actions were agreed to review ar)d update all evaluation méthods during
2024125.

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, governance and management
The charitable company Is a company Ilmlted by guaranteo.
The tNst8es, who are also thé directors for the wrpose of company law, and who seNed during the year and up to
the date of signatur8 of the financial statements wore:
MrT N Davies
Mrs M A Williams
Ms M Plckerlng
Mrs M Thomson
Ms K Smith
Mrs J Langley
Ms A Ogilvy
MSA Ledsham
ACNEW'S AGM on the 26 S8Ptember 2023 was allonded by Staff and Trustees. After the Annual AccoLtnts were
presented by Kale Smllh (Treasurer) they were approved and Ihen slgned by Marjorie Thomson (Chalrl, Marjorie
Thomson was re-elected as Chair, Mabyn Pickering 8s Vice-chair and Kale Smllh as TreasLJrer. Margaret Wllllams
and Nell Davles reslgned as Trustees. All other Trustees were rwlected.
Towards the end of 2023124 Paul Harris was t￿pIed lo the Board.
ACNEW wishes to acknowfedge that all Trustees give their Ilme wlthout remuneration and thank them for their
valuable contrlbullon.
None of the Iruslees has any beneficlal Interest In tha company. All of the truste8$ are members of the company and
guarantee lo contribute £1 in Ihe event of a winding up.
Our staff
Staffing levels were Impacted by the Cost￿[-lIvIng crlsls wllh a CC￿[pre of staff moving i)n to olher employmenl,
ACNEW recrulted a Home Support Offlcer al the beglnnlng of Ihe financi81 year, to support cllents wlth hoardlng
Issues In the County Borough of Wrexham.
Rlla Jones retired from the Charfty al the end of March 2023: Rlta had been employed with ACNEW slnce 2006,
slartlng Inltlally 8s a volunt88r. Best ￿she$ lo Rita in her relir8menL
Our volunteers
Most of ACNEW'S volunteers support the telephone befriending service. The charlly currently has 6 volunteers.
Acknowledgemenls
The Board would like lo thank the following organisalions and individuals without whom il would not have been
possible for the 8clivilies and successes described in this annual report lo have bèen del￿ered..
Flinlshlre County Council
Wrexham County Borough Council
Welsh Govemm6nl
Volunteer Bureau at FLVC and AVOW
Wales Council for Voluntary Action (WCVA)
The Department for Work and Pensions
Walkins Smith (NWI Limited
Clwyd Alyn Houslng
Ysgol Maes Hyfryd
Aga Connects Wales
lan Llewelyn Jones
Age Cymru
Denblghshire Counly Council
The Moondance Foundation
Bellls Brothers

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THF YEAR ENDED 31 MARCH 2024
The trustees. report was approved by the Board of Trustees.
Mrs M Thomson
Trustee
24 S8ptember 2024

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF AGE CONNECTS NORTH EAST WALES
I report lo the Iruslees on my examination of the financial stslements of Age Connects North East Wales (the
charitable company) for the year ended 31 March 2024.
Respohslbllltles and basls of report
As tho Irusleas of the charitable company (and also its directors for the purposes of company lawl you ar8
responsible for the preparation of the financial statements in accordance with the réquirements of the Companies
Act 2006 (the 2006 Acll.
Havlng sallsfied myself that the financlal slatamenls of the charltabl8 company are nol requir8d to be audited under
Part 16 of the 2006 Act and are eliglble for independent examlnalion, I report In respect of my examSnalion of the
charitable company's financial statements caiiied out under section 145 of the Charities Act 2011 (the 2011 Act). In
carrylng out my examinallon I have followed all the appltcable Dlrections gtven by the Charity Commlssion under
socllon 145{5)(b) ol the 2011 Act.
Independent examlner's statemenl
Sinc8 Ihé charitable company's gross income exceeded £250,000 your examiner must be 8 membar of a body
listed in section 145 of the 2011 Act. I conflm that l am qualified lo undertake the examinatlon because l am a
member of the Instltue of Chartered Accountants in England and Wales. which Is one of the listed bodles.
I have comp16ted my examin8llon. I confirm that no matters havé ￿me to my attention in connection wllh the
examlnalion giving me cause lo believe Ihal in any materi81 respect-.
accounting records w8r8 nol kept In respect of the charitable company as requlred by sectton 386 of the 2006
A¢l', or
the financlal slalemenls do nol accord wilh those records; or
the financlal slatem6nls do not comply with the accounling requlrements of section 396 of the 2006 Acl other
than any requirement that th8 accounts glve a tnJ6 and fair view which is not a matter consldered as part of an
Independent examinallon: or
the financial statements have not been prepared In 8ccordance wilh the methods and prfnciples of the
Statement of Recommended Pracllce for accounting and reporting by charlties applicable to charities
preparlng thelr accounts in ac¢ordance wilh th8 Financlal Reporting Standard applicable in the UK and
Republic of Ireland IFRS 102).
I have no concerns and have come across no other matters in connectlon wlh the exaMIna￿On to which altenllon
should be drawn In thls report In or(ler lo enable a proper understandlng of the finan￿al statements lo be reached.
Jean Ellls BA FCA CTA
DSG Chartered Accountants
Casu8 Chambers
43 Castle Street
Liverpool
L2 9TL
Dated: 24 September 2024

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2024
Unrestrlcled Unrestrlcted
funds
funds
2024
2023
Notes
Income frorn:
Donatlons and legacies
Charitable activitles
Inveslments
13.091
563.056
3,511
40,397
493.625
710
Total income
579,658
534,732
Expendlture on:
Charitable aclSvitie8
544,947
446,592
Tolal expendltura
544,947
446,592
Nèt Income and movemant In funds
34.711
88,140
Reconcillation of funds:
Fund balances a11 April 2023
390,015
301.875
Fund balances at 31 March 2024
424,726
390,015
The notes on pages 9 to 18 form part of these financlal statements.

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
BALANCE SHEET
ASAT31 MARCH2024
2024
2023
Notes
Fixed assets
Tangible assets
10
140.962
141.181
Currant assets
Debtors
Cash at bank and in hand
11
29,791
293,075
27,262
251,449
322.866
Credltors.. amounts falllng due wlthln
on8 year
278.711
12
(39,102)
(29.877)
Net current assats
283,764
248,834
Total assets lass current Ilabilltles
424,726
390,015
Thè funds of the ¢harltable company
Unreslricled funds
Revaluation reserve
14
14
358,007
66,719
321,028
68,987
424,726
390,015
Tha charlteble company Is enlltled lo the exemptlon from Ihe audit requirament cont81ned In section 477 of the
Comp8nles Act 2006. for the year ended 31 M8rch 2024.
The Iruslees acknowledge their responsibilitles for complylng wllh the requirements of the Companies Act 2006 wllh
respect to accounllng records and tho preparation of financial statements.
The Iru$160s have nol required the ch8ritable company to obtain an 8udit of Its financial stslemenls for the y8ar In
quasllon in a￿OrdanCe with s8clion 476.
These flnancial statements have been prepared in accordance with the provtslons appllcable lo cornpanles subJect
to the small companies reglm6.
The financial statem8nts were epproved by the trustees on 24 September 2024
Mrs M Thomson
Trustea
Company registration numb8r 06655221 {England and Wales)

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from operating activitles
Cash genarated from operallons
42.328
93,409
Investlng actlvltles
Purchasa of tangib16 flxed assets
5nvestment Income recelved
(4,213)
3,511
(119)
710
Net cash {usad Inllgenerated from
investing activlties
(702)
591
Nat cash used In flnanclng actlvltlos
Net Increase In cash and cash aqulvalents
41,626
94.000
Cash and cash equivalents at beglnnlng of year
251,449
157,449
Cash and cash equlva18nts at end of year
293,075
251,449

AGE CONNECTS NORTH EASTWALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accounting policles
Charity Informatlon
Age Connects North East Wales is 8 privatè company limited by guarantee incorporated in England and
Wa16s. The règistered office 18 Lewls House, Swan Street, Flint, CH6 5BP. The principal acliviliés of the
charity are detailed in th8 Trustees, Report.
1.1 Accounting conventlon
The flnancial statements hava been prepared in accordance with Ihe ch8ri1ab18 company's MemorandLrrn and
Articles of Association, tho Companies Act 2006. FRS 102 "The Financlal Reporting Standard applicable in
the UK and Republic of Ireland. fFRS 102") and the Charities SORP"ArLounting and Reportlng by Charlties:
Slalemanl of Recommended Practice 8pplicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102)" (effedive 1 January
2019). The charitable company is a Public Benefit Entily as delineLI by FRS 102.
The financial slalemenls are prepared in sl6rllng, which is the funotlonal ¢urrency ol th8 chadlable company.
Monetary amounts In thes6 financlal slalements are rounded to the ne8rest £.
The flnancl81 stal8ments have been prepared under Ihe hlstorfcal cost cnnventlon, modifled to Include the
rev8lug1ion of freehold propertles, Th8 principal 8ccounling pollcies adopted are sel out below.
1.2 Golng concern
At the Ilme of approvlng the financlal slalem6nls, the Injslees have a reasonable expectation that the
charllable company has adequate resources to conllnue In operallonal exlslance for the foreseeable future.
Thus the trustees conlinue to adopi ihe going concern basls of accounting In prep8rfng th8 financial
slalemenls.
1.3 Charitable funds
Unreslrict8d funds are avallable for use al Ihe dlscretion of the trustees In furtherance of thelr char118ble
objecllves.
Restrfcted funds are sublecl to specitlc conditions by donors or grantors as to how they may be used. The
purposes and uses of the restricted funds are set out In the noles to the flnancial statements.
1.4 Income
Income is recognised when th8 charitable company is legally enliued lo it after any perfom8nce conditSons
have been mel, Ihe amounts can be measured reliably, and it is probable Ihal income wlll be rèceived.
The following specifiG policles are 8pplled lo parlEcular calegories of income:
Voluntary Income is recolved by way of grants. donations and gifts and Is included in the Statement of
Flnanclal Acllvities (SOFA) when receivable.
Grants, where entillemenl Is not condltlonal on tho delivery of a specific perfomance by the charity, are
recognlsed when the charity bècomes unconditionally entitled to the grant.
Incomlng resources from granls. when related to performance and specific deliverables, are accounted for as
the charfty eams the right lo consideration by its performance.
Donated servI￿S and facllltles are included al the value to the charity where this can be quantlfied. The value
of services provlded by the volunleers has nol been included in these accounts.
Investment income is induded when recelvable.
Incoming rosourc8s from charitsbl8 trading activity are accounled for when eamed.

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2024
Accounting pollcles
{Contlnuedl
Legacies are r8cognlsed where there is entitlement, certainty of receipt and the amount can bè measured with
sufficient reliability.
1.5 Expenditure
Expendlture Is accounted for on an accwals basls and has been classified under headlngs that aggregate all
costs related to the category. Where costs cannot be dlrecuy attrlbuted lo particular headlngs they have beèn
8llo¢ated to activitles on a basls consistent wilh Ihe use of resources.
Costs of g8nerallng funds comprise Ihe costs associated with attractsng voluntary Income and the costs of
tradlng for fundralsing purpose8 includlng the ¢harlt*8 provision of servlces.
Charitable exp8ndlture comprlses those costs incurred by Ihe charlty In the delivéry of Its acllvilles and
services for Ils ben8ficlaries. It Includes both costs Ihat can be allocated directly to such aclivllles and those
costs of an indlrecl n81ure necessary to supporl them.
Govemance costs include those costs 8S8ociated with meellng th8 constltutlonal and statulory raquiremenls
of th8 charity and Sndude the audlt fee and costs Ilnked lo the strat8glc management of ihe charity.
All costs are allocated batwean the expenditur8 categorise of the SOFA on a basis deslgned to reflect th8 use
of resources. Costs relallng to 8 particular aclivity are allocated dlrectly- others are apportloned on an
appropriate basls.
1.6 Tangible fixed assets
Tanglble fixed assets are Inlllally measured at cost and subsequontly measured 81 cost or valuation, net of
depr8ciallon and any impairment losses.
Deprecl8tson Is recognis8d so as to wr118 off Ihe cosl or valuallon of assets less thelr resldu81 v81ues over Ihelr
us8ful livas on the following bases:
Land and buildlngs
Fixture8, fittlngs & equlpment
50 years
3 years
Slr8lghl Ilne d8preclalion is provided for on all property, furnitur8 and equipment wllh a finlte usoful life, wlth
provision made from the first financial year follovmng acquisition.
Thè galn or loss arlslng on the disposal of an asset Is detemined as ihe difference be￿Sen Iha sale proceeds
and Ihe carrying value of the assel, and is r8cognised in net incomellexpendilure) for the year.
1.7 Impairment of flxed assets
At each reporting end date, the chari18ble company réviews Ihe carrying amounts of Its langlble and Intangible
assets lo delermlne whether there is any indlcallon Ihat those assets have suffered an Impalrment loss, If any
such Indi¢atlon exlsls, the recoverable amount of the asset Is estimated in order to determine the extenl of the
impairment loss (if any).
1.8 Cash and cash equlvalenls
Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-tomi Ilquid
investrnenls wilh origlnal maturlties of Ihree ThKJnths or less. and bank overdrafts. Bank overdrafts are shown
within borrowings In CU￿ent liabilities.
10-

AGE CONNECTS NORTH EASTWALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Aecounting pollcies
(Continued)
1.9 Financlal Instruments
The charltable company has elected to apply the provlslons of Secllon 11 'Baslc Flnanclal Instruments, and
Sectlon 12 '0ther Fin8nclal InslTuments Issues, of FRS 102 to all of ils financlal inslrumenls.
Financial Instruments are recognised In the charitable company's balance sheel when the chBrflaNe company
becomes party to the conlraclual provis5ons of Ihe Instrument.
Fln8ncial asséts and Ilabilltles are offset, wllh the net amounts pr8senled in the finandal stalements, when
there Is a legally enforceable rfght to set off the recognis8d amounts and there is an Intentlon lo settl8 on a nel
basis or to realise the asset and setue the liability simultaneously.
Baslc flnancl81 assets
Baslc financlal assels, which include deblors and cash and bank balances, ar8 Inltially measured at
transaction prlce including Iransacllon costs and are subsequenlly carried al amortised cost uslng the effective
Interest method unless the arrangement constitutes a flnancing transaction. where the Iransaclion is
measured al the pres8nt value of the future r8celpls dlsGounteiJ al a mart<el rate of Interest. Flnan¢l81 assèts
Classified as receivable wllhin ona year are not amortised.
Impalrment of flnanclal assets
Flnanclal assets, other than those held at falr value through income and expenditure, are assessed for
Indlcalors of Impalrment at each reportlng dale. Flnanclal assets are impalred where thar8 is objecllve
evSdence that, as a rèsult of one or more ovents Ihat occurred after the Inltlal recognlllon of the finandal assel,
the estimated futur8 cash flows have been aff8cled.
If an asset Is impalred, the impairment loss Is the differenc8 behveen the carrying amount and the pr8senl
value of the eslim81ed cash Ifows discounted at the assel's original effective interest rate. The Imp81rm8nt loss
Is recognised in not incomel(expendilure) for the year.
If there Is a decrease In the impairment Ioss 8rtslng from an event occurring after the impairment was
racognlsed, the Impairment is reversed. The reversal Is such that lh8 curr&nt carrylng amount does not
exceed what Ihe carying amount would have been, had Ihe impaimenl not previously b8en recognlsed. The
Impairment reversal Is rewgnisèd In nat incomel{expendlturel for the year.
Derecognltlon of flnanclal assets
Financi81 ass8ts are derecognis6d only when the conlraclual rights to the cash flows from the asset expire or
are settled, or when the charitable company transfers Ihe financial asset and substantially all the risks and
rewards of ownership to another enlily, or if some significant risks and rewards of ownership 8re relalned but
control of the 8SSet has transferred to another paty that Is able to sell the asset in Its entirely lo an unrelated
thlrd party.
Saslc flnanclal118blllties
Baslc financial liabilillbs, including creditors and bank loans are initially recognised al Iransactlon price unlass
Ihe arrangement conslilules a fin8ncing transaction, where the debt Instrument is measured at the present
value of the future payments discounted al a markel rale of interest. Financial liabilities classlfi6d as payable
wlthln one year are not amortised.
Debt Instruments are subsequently carrlad al 8m(Ytised cost. uslng th8 effecllve interest ralo method.
Trsdo creditors are obligatlons to pay for goods or services Ihat have bean acquired in the ordinary course of
operallons from suppliers. Amounts payable are classified as current liabllilies If payment Is due within one
year or less. If not, they are presented as non-currenl liabilitles. Trade creditors are recognised inilially al
transaction price and subsequenily measured at amortised cost using the effective interest method.
11

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Accounting poll¢les
(Contlnued)
Derecognltion of linancial Ilabllltlos
Flnanclal Ilabllltles are derecognised when the charilable CoMpan￿S contractual obllgatlons explre or are
discharged or c8ncelled.
1.10 Employee beneflts
The cost of any unused holld2y entitlement Is recognised In the period in vthlch the employe8's servlces are
received,
Termination benefits are recognised immedlately 8$ an expense when Ihe charflable company Is
démonstrably commltted to termlnate the employment of an employee or to provlde lermlnation benefits.
1.11 Retlyement benefits
Payments lo defined contribution ￿tIrement benefil schemes are ¢harged Bs an expanse 8$ they fall due.
Income from donatlons and legacias
Unrèstrlcted Unr8strlctéd
funds
funds
2024
2023
Donatlons and glfts
13,091
40,397
12

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Income from charitable activlties
Unrestrlcted
funds
2024
Unre8trl¢ted
funds
2023
Income from charftable activllles
Service grants (see analysis below)
258,205
304,851
186,343
307,282
563,058
493,625
Service grants
Fllnlshire County Council and Wrexh8m County Borough Council
Age Cymru
Asda Foundation
Moondance Foundallon
Other
290,135
1,600
296,065
1,600
1,506
10,409
2,707
8,111
304,851
307,282
Income from Investments
Unrestricted Unrestricted
funds
funds
2024
2023
Interest recelvable
3,511
710
13-

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Expendlture on charltable activities
Unrèstrlcted Unrestrlcted
funds
funds
2024
2023
Dlract C0618
Staff costs (see note 8)
Depr8clation and imp2irment
A¢llvilles undértaken dlrèclly
433,375
4,432
101,174
372,925
5,560
62,198
538,981
440,683
Share of support and governance costs (see note 6)
Govern8nc8
5.966
5,909
544,947
446,592
Analysls by fund
Unreslrlcted funds
544,947
446,592
Support costs allocated to actlvitles
2024
2023
Govemance costs
5,966
5.909
Analysed between:
Audlt l independenl examination fees
Account8ncy
Chlef Offic8r
2,832
1,133
2,001
2,832
1,026
2,051
5,966
5,909
Trust8OS
None of the trustees (or any persons ￿nnected with them) received any remuneration or benefits from the
charitab18 company during the y8ar.
Durlng Ihe year. thè trustees recelved a tol81 of £nll {2023= £nil) in expenses from the charity.
14-

AGE CONNECTS NORTH EAST WALES
{A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
Employeas
Tha average monlhly number of èmployees during the year was:
2024
Number
2023
Number
Servlces
Adminislrallon
32
31
Total
35
34
Employment costs
2024
2023
Wages and salaries
Soclal se¢urily costs
Other pension costs (See note 13)
392,935
18.778
21,662
337,123
15,733
20,069
433,375
372,925
Ther8 were no employees whose annual r8mun&r8tion was more than £60,000.
Remun8ratlon of kay management pèrsonnel
Th8 remuneration of key manag6menl personnel was as follows:
2024
2023
Aggregate compensatlon
54,810
52.342
Taxallon
The ch8rfty is exempl from tax on Income and galns falllng wlthln secHon 505 of the Taxes Acl 1988 or secllon
252 of the Taxation of Chargeable Gains Act 1992 to the exlenl Ihal these are applied lo Ils charitable objecls.
15-

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
10 Tanglble flxed assets
Land and
bulldlng$
Flxtures,
flitlng8 &
oqulpm&nt
Total
Cost or valuation
At 1 April 2023
Additions
150,000
10,197
4,213
160,197
4,213
Al 31 M8rth 2024
150,000
14.410
164,410
Depreclation and Impalmient
Al 1 Aprll 2023
Depreciallon charged in Ihe yèar
10.227
3,409
8,789
1,023
19.016
4.432
At 31 March 2024
13,636
9,812
23,448
Carrylng amount
Al 31 March 2024
136,364
4,598
140,962
Al 31 March 2023
139.773
1.408
141,181
Land and bulldlngs wllh a carrylng amount of£150,000 were revalued at August 2019 by Celt Rowlands & Co.
Chartered SuNeyors, Independenl valuers not connected with the charltable company on the basls of market
Value. The valuallon conforms to Int8rnatlonal Valuation Standards and was based on market transacllons at
that tlme on arm's length temis for simllar properties. The Board has revlewed this value at 31 March 2024
and conslder It sllll approprlate to cary the value of the property at thi5 8mount.
Al 31 March 2024, had the revalued assets been carrl8d at hlsloric cost less accvmulated depr8cl8tlon and
accumulated impairment losses. thelr carrylng amount would have been approximately £71,718.
11
Débtors
2024
2023
Amounts falllng due wllhln ona year:
Trade debtors
Other debtors
Prepaym8nts and accrued income
8,785
2,751
18,255
7,828
1,391
18,043
29,791
27,262
12 Credltors: amounts falling due wlthin one year
2024
2023
Qlher laxatlon and soclal security
Trade creditors
Accruals and deferred income
1,902
3,988
33,212
2.712
27.165
39.102
29,877
16-

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
13 Retirement bèneflt schemes
2024
2023
Deflned contributlon schemes
Charg8 to profit or loss In respect of defined contribution schemes
21,662
20,069
The charftable compony operates a defined contribution penslon schème for all quallfylng employeas. The
assets of the schem6 are held separately from Ihose of the charilable company In an Sndepondently
admlnlslered fund.
14 Fund8 (unréstrlctad and revaluation reserve)
The unrestricted funds of the charily comprise the unexpended balances of donatlons 8nd gran18 whl¢h are
not subject to specific condiuons by donors and grantors as to how they May be used, and the surpluses (or
olhaNise) from Iradlng actlvlli88 undertaken.
Th6 revaluation reserve contains the galns made by the charity arislng from Inoreases in the value of Its
prop6rty {Lewis House).11 records unrealised galns arising since August 2019 when the reserve was created.
At 1 Aprll
2023
Incomlng Resourcas
resources
eXP8nd8d
Transfars
Galns and At 31 March
losses
2024
Land and
buSldlng reserve
fund
Building repalr
and
malnten8nc8
fund
Employee costs
contingency
fund
General funds
64,399
(3.409)
60,990
46,389
18,315
64,704
46.374
163,866
10,827
{26,8741
57,201
175,112
579.658
(541,538)
321,028
579.658
(544,947)
2,268
R8valuallon
reserve
358,007
68,987
(2.268)
66,719
390,015
579.658
{544,947)
424,728
17-

AGE CONNECTS NORTH EAST WALES
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
14 Funds lunrestrlcted and revaluation resorve)
(Contlnuedl
Previous year:
At l April
2022
IncomSng
resources
Resources
expended
Transfers
Galns and Al 31 March
losses
2023
Land and
building reserv8
fund
Buildlng repair
and
malntenance
fijnd
Employee costs
conllngency
fund
General funds
67.808
(3.409)
64,399
13,888
32,501
46,389
46,374
{74,742)
46,374
163,596
146.789
534.732
{443,183)
228.485
534,732
(446,592)
4,403
321,028
Revaluatlon
r8S8rv8
73,390
(4,403)
68,987
301.875
534,732
{446.592)
390.015
Land and bulldlng reserve fund - Ihls fund reflects the hislorlcal ¢osl value as at 31 March 2019 (1.e. prior lo
revaluallon) of the property owned and used operallonally by the charity, net of depreclatlon on the hlstorf¢al
cost Value.
BuSldlng repalr 8nd malntenan¢e fund this fund has been established for the purpose of defraylno
expendllure on th8 repalr and malntanance of Lewls House.
Employee costs contingency fund - thls fund has been set up to meet employee cost conllngencles as and
when they arise across servlce provlslon.
78-