2021-03-31-accounts - Age Connects Cardiff And The Vale Ltd

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		Page
Chairman's Report
Report ofthe Trustees		2 to 11
Report ofthe Independent	Auditors	12to 14
Statement of Financial Activities		15
Balance Sheet		16
Cash Flow Statement		17
Notes to the Cash Flow Statement		18
Notes to the Financial Statements		19to 29

OBJECTIVES AND ACTIVITIES	OBJECTIVES AND ACTIVITIES	OBJECTIVES AND ACTIVITIES
We offer thanks to all those		organisations		listed	within	the notes	to the financial	statements	and to the	following
supporting organisations:
Jane Hodge Foundation
Home Instead
Bolt Removal
Telecare and Meals on Wheels			Cardiff
Sunrise Senior Living
McGill Brown Solicitors
Loosemores Solicitors
Martyn Prowel Solicitors
Quality Solicitors - JA	Hughes
Wendy Hopkins Family Law
Berry Smith Solicitors
Passmores
Snowdrop Independent	Living
BNI Reliance Cardiff
Penguin Wealth
MOVO Insurance
Planet Leasing
Cardiff Nutrition
Utility Warehouse -save money			with us
Phoenix HR
Golden Charter
Confused. corn
Admiral
Acorn Stairlifts
Burns Pet Nutrition
Photodrome
Western Power
Glamorgan Voluntary	Service (GVS)
WCVA
Big Lottery Fund Wales

REFERENCE AND	REFERENCE AND	ADMINISTRATIVE	ADMINISTRATIVE	ADMINISTRATIVE
Registered	Company		number
7345521 (England		and	Wales)
Registered	Charity	number
1137821
Registered	office
The Maltings
East Tyndall	Street
CARDIFF
CF24 5EA
Trustees
C Harvey
SYoung				Chair
A V Males OBE				Resigned 10August 2020
G Powell				Deceased February 2021
R Bright
A Carter
G Hajgato
Chief Executive
J N Hawkins
Operational	Managers
TP Power
E M Davies
KSteele
M Coffin
Company Secretary
J N Hawkins
Auditors
Watts Gregory LLP
Chartered Accountants			8 Statutory	Auditors
Elfed House
Oak Tree Court
Cardiff Gate	Business		Park
CARDIFF
County ofCardiff
CF238RS
Solicitors
Dan Dowen
Legal and Commercial			I aw
Berry Smith	Lawyers
Haywood House
Dumfries Place
Cardiff
CF103GA

					2021	2020
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes		f	F
INCOME AND ENDOWMENTS	FROM
Donations and legacies			152,684		152,684	44,121
Charitable activities
Community Support			46,377	240,988	287,365	314,906
Information and Advice			324,277	84,306	408,583	378,923
Ageing Well			52,786	6,044	58,830	95,960
Other trading activities			3,275		3,275	789
Investment income			420		420	3,191
Total			579,819	331,338	911,157	837,890
EXPENDITURE ON
Charitable activities
Community Support			58,396	235,198	293,594	397,817
Information and Advice			320,474	84,306	404,780	352,880
Ageing Well			72,303	6,044	78,347	94,792
Partnership development			119,693		119,693	188,043
Total			570,866	325,548	896,414	1,033,532
NET INCOME/(EXPENDITURE)			8,953	5,790	14,743	(195,642)
RECONCILIATION OF FUNDS
Total funds brought forward			536,612	421	537,033	732,675
TOTAL FUNDS CARRIED FORWARD			545,565	6,211	551,776	537,033

				2021	2020
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	f	f.	F.
FIXEDASSETS Tangible assets Investments	14 15	2			2,298 2
					2,300
CURRENT ASSETS Debtors Cash at bank	16	6,777 577,080	10,188 95,995	16,965 673,075	55,120 ~503 112
		583,857	106,183	690,040	558,232
CREDITORS Amounts falling due within one year	17	(19,794)	(99,972)	(119,766)	(23,499)
NET CURRENT ASSETS			6 211	570 274	534733
TOTAL ASSETS LESSCURRENT LIABILITIES		564,065	6,211	570.276	537,033
PROVISION FOR LIABILIES	19	(18,500)		(18,500)
NET ASSETS		545,565	6211	551.776	~537 033
FUNDS Unrestricted funds Restricted funds	20			545,565 6211	536,612 421
				551,776	537,033

					2021	2020
				Notes	F	f
Cash flows from operating	activities:
Cash generated from operations					169,543	i)68,570)
Net cash provided by (used in) operating
activities					169,543	i)68,570)
Cash flows from investing	activities:
Interest received					420	3,191
Net cash provided by (used in) investing
activities					420	3,191
Change in cash and cash	equivalents	in the
reporting period					169,963	(165,379)
Cash and cash equivalents	at the beginning		of
the reporting period					503,112	668,491
Cash and cash equivalents	at the end	ofthe
reporting period					673,075	503,112

	RECONCILIATION	RECONCILIATION	OF	NET	INCOME/(EXPENDITURE)	TO	NET	CASH	FLOW FROM	OPERATING
	ACTIVITIES
									2021	2020
	Net income/(expenditure)			for the reporting	period (as per	the	statement
	offinancial	activities)							14,743	(195,642)
	Adjustments	for:
	Depreciation	charges							2,298	3,922
	Interest received								(420)	(3,191)
	Dilapidation	provision							18,500
	Decrease in	debtors							38,155	57,771
	Increase/(decrease)		in creditors						96,267	~31,430)
	Net cash provided		by (used in) operating		activities				169,543	)166,570)
2.	ANALYSIS OF CHANGES			IN NET FUNDS
							At	1/4/20	Cash flow	At 31/3/21
								E	F	F
	Net cash
	Cash at bank						503,112		169,963	673,075
	Total						503,112		169,963	673,075

									2021	2020
									f
	Donations/fundraising								44,184	35,796
	Legacies/Trust Funds								65,491	2,000
	Grants								43,009	2,575
	Other									3,750
									152,684	44,121
	Grants received,	included			in	the above, are as follows:
									2021 f	2020
	Glamorgan Voluntary			Services					13,000
	Groundwork UK	- Tesco			Bags of Help					1,575
	The SirJules Tham		Charitable Trust							1,000
	Welsh Government		Grant - Job Retention				Scheme		5,066
	Wales Council for Voluntary					Action			14,943
	Western Power								10,000
									43,009	2,575
4.	OTHER TRADING		ACTIVITIES
									2021	2020
									f.	f
	Trading								3,275	789
5.	INVESTMENT INCOME
									2021 f	2020
	Bank interest								420	3,191
6.	INCOME FROM	CHARITABLE ACTIVITIES
									2021	2020
							Activity		f.
	Grants						Community	Support	240,988	199,951
	Other						Community	Support		1,272
	Project donations	/fundraising					Community	Support	3,352	3,905
	Fees for the provision			ofservices			Community	Support	43,025	109,778
	Grants						Information	and Advice	84,306	55,163
	Other						Information	and Advice		1,168
	Project donations	/fundraising					Information	and Advice	4,100	5,023
	Fees for the provision			ofservices			Information	and Advice	320,177	317,569
	Grants						Ageing Well		5,800	6,513
	Other						Ageing Well		26,548	66,005
	Project donations	/fundraising					Ageing Well		4,920	2,172
	Fees for the provision			ofservices			Ageing Well		21,562	21,270
									754,778	789,789

INCOME FROM CHARITA	INCOME FROM CHARITA	INCOME FROM CHARITA	INCOME FROM CHARITA	BLE	ACTIVITIES - continued
Grants received, included				in the	above, are as follows:
								2021	2020
								f
Cardiff County Council								80,266	79,163
Vale ofGlamorgan		Council						155,469	125,951
Age Cymru								9,900
Jane Hodge	Foundation							50,000	50,000
Glamorgan	Voluntary		Services					9,473	3,570
Hau Third Sector									2,943
Bacta Charitable Trust								1,000
Carers Trust								5,961
The National	Lottery Community				Fund 'People and Places 3'			19,025
								331,094	261,627
CHARITABLE ACTIVITIES COSTS
						Direct costs		Support costs	Totals
						(See note 8)		(See note 9)
						F			F
Community	Support					276,736		16,858	293,594
Information	and Advice					312,249		92,531	404,780
Ageing Well						75,806		2,541	78,347
Partnership	development					114,749		4,944	119,693
						779,540		116,874	896,414
DIRECT COSTS OF CHARITABLE ACTIVITIES
								2021	2020
Staff costs								621,712	733,813
Other costs								157,828	231,595
								779,540	965,408
SUPPORT COSTS
					Salaries and	Technical		Governance
					expenses	support		costs F	Totals f
Community	Support				16,108		750		16,858
Information	and Advice				89,031	3,500			92,531
Ageing Well					2,041		500		2,541
Partnership	development							4,944	4,944
					107,180	4,750		4,944	116,874

2021	2020
F	F
4,944	4,944
2,298	3,922

STAFF CO	STS
		2021	2020
			F
Salaries		663,792	717,864
Social security		40,250	45,630
Pension contributions		24,850	27,249
		728,892	790,743
Number of	employees	40	44
Equivalent	full time employees	25	33

			Unrestricted	Restricted	Total
			funds	funds	funds
			F		f
INCOME AND ENDOWMENTS		FROM
Donations	and legacies		44,121		44,121
Charitable	activities
Community	Support		113,683	201,223	314,906
Information	and Advice		322,592	56,331	378,923
Ageing Well			78,838	17,122	95,960
Other trading activities			789		789
Investment	income		3,191		3,191
Total			563,214	274,676	837,890

13.	COMPARATIVES	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL ACTIVITIES —continued	FOR THE STATEMENT OF FINANCIAL ACTIVITIES —continued
				Unrestricted	Restricted	Total
				funds	funds	funds
						F
	EXPENDITURE ON
	Charitable	activities
	Community	Support		143,203	254,614	397,817
	Information	and Advice		188,272	164,608	352,880
	Ageing Well			77,670	17,122	94,792
	Partnership	development		188,043		188,043
	Total			597,188	436,344	1,033,532
	NET INCOME/(EXPENDITURE)			(33,974)	(161,668)	(195,642)
	RECONCILIATION		OF FUNDS
	Total funds	brought forward		570,586	162,089	732,675
	TOTAL FUNDS CARRIED FORWARD			536,612	421	537,033
14.	TANGIBLE	FIXED	ASSETS
						Fixtures and
						fittings
	COST
	At 1 April 2020 and		31 March 2021			14,875
	DEPRECIATION
	At 1 April 2020					12,577
	Charge for year					2,298
	At 31 March	2021				14,875
	NET BOOK	VALUE
	At 31 March	2021
	At 31 March	2020				2,298
15.	FIXEDASSET INVESTMENTS
						Shares in
						gloup
						undertakings
						F
	MARKET VALUE
	At 1 April 2020 and		31 March 2021
	NET BOOK	VALUE
	At 31 March	2021
	At 31 March	2020

DEBTO	RS:A	MOUNT	S F		ALLING DU	E WITHIN ONE YEAR
									2021	2020
									F
Prepayments		and accrued			income				16,965	55,120
CREDITORS:		AMOUNTS			FALLING DUE WITHIN ONE YEAR
									2021	2020
										F
Trade creditors									2,497	2,161
Social security		and other		taxes					11,317	11,807
Other creditors									1,555	1,555
Accruals	and deferred		income						104,397	7,976
									119,766	23,499
Included	within	accruals and deferred				income above is the following	deferred	income:
									2021	2020
									F	F
Deferred	income brought			forward					59
Released	to SOFA								-59
Additional	income deferred				in the year				97,119	59
									97,119	59

Minimum lease payments under non-cancellable operating	leases fall due as follows:
	2021	2020
	F	F
Within one year	8,799	20,100
Between one and five years		7,449
	8,799	27,549

									2021	2020
									F	f.
Dilapidation provision									18,500
									18,500
MOVEMENT IN FUNDS
								Net movement	Transfers
						At 1/4/20		in funds	between funds	At 31/3/21
						E				E
Unrestricted funds
General fund						466,612		27,453	(29,000)	465,065
Designated fund - Property			Dilapidations			20,000		(18,500)	4,000	5,500
Designated fund - Community				Volunteer
Support						50,000			25,000	75,000
						536,612		8,953		545,565
Restricted funds
Vale Shopping Service	(CS)						421	(421)
The National Lottery Community and Places 3' (I &A)					Fund 'People			6,211		6,211
							421	5,790		6,211
TOTAL FUNDS						537,033		14,743		551,776
Net movement in funds,		included			in the above are as follows:
								Incoming	Resources	Movement in
								resources	expended	funds
									F	F
Unrestricted funds
General fund								579,819	(552,366)	27,453
Designated fund —Property			Dilapidations						(18,500)	(18,500)
Restricted funds
Hospital Discharge Service			(CS)					90,822	(90,822)
Community Volunteer	Support			(CS)				79,961	(79,961)
Vale Good Neighbours	(CS)							24,147	(24,147)
Advocacy and residential		care		(I	&A)			56,266	(56,266)
Discharge Support Service			(I 8 A)					18,140	(18,140)
Senior Health Shop (AW)								1,244	(1,244)
Nail Cutting Development		Grant			(AW)			4,800	(4,800)
Vale Shopping Service	(CS)							27,033	(27,454)	(421)
the National Lottery Community					Fund 'People and Places			19,025	(12,814)	6,211
3'(I &A) Hope Advocacy Project		(CS)						9,900	~9,900)
								331,338	(325,548)	5,790
TOTAL FUNDS								911,157	~696,414)	14,743

Comparatives for mo	vem	ent	in fun	ds
							Net movement	Transfers
					At 1/4/19		in funds	between funds	At 31/3/20
					F			F	f
Unrestricted Funds
General fund					492,035		(33,974)	8,551	466,612
Designated fund - Property		Dilapidations			20,000				20,000
Designated fund - Property		Fund			40,000			(40,000)
Designated fund - Welfare		Rights			18,551			(18,551)
Designated fund - Community			Volunteer
Support								50,000	50,000
					570,586		(33,974)		536,612
Restricted Funds
Community Volunteer	Support		(CS)		36,489		(43,606)	7,117
Vale Good Neighbours	(CS)				10,206		(10,206)
Advocacy and residential care			(I &A)		18,506		(18,506)
Discharge Support Service		(I &A)			88,939		(88,939)
Welfare Rights (I &A)						832	(832)
Care Home Advocacy	project (I &A)				7,117			(7,117)
Vale Shopping Service (CS)							421		421
					162,089		(161,668)		421
TOTAL FUNDS					732,675		~195,642)		537,033
Comparative net movement		in	funds,	included	in the above	are	as follows:
							Incoming	Resources	Movement in
							resources	expended	funds
							P	F
Unrestricted funds
General fund							563,214	(597,188)	(33,974)
Restricted funds
Hospital Discharge Service		(CS)					97,419	(97,419)
Community Volunteer	Support		(CS)				74,000	(117,606)	(43,606)
Vale Good Neighbours	(CS)						25,419	(35,625)	(10,206)
Advocacy and residential care			(I &A)				56,331	(74,837)	(18,506)
Discharge Support Service		(I8 A)						(88,939)	(88,939)
Welfare Rights (I8 A)								(832)	(832)
Senior Health Shop (AW)							13,427	(13,427)
Nail Cutting Development Grant (AW) Vale Shopping Service (CS)							3,695 4,385	(3,695) ~3,964)	421
							274,676	(436,344)	(161,668)
TOTAL FUNDS							837,890	(1,933,532)	L)95,542)