REGISTERED COMPANY NUMBER.. 07345521 (England and Wales)
REGISTERED CHARITY NUMBER: 1137821
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
AGE CONNECTS CARDIFF AND THE VALE LIMITED
MHA
ststutory Auditor
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS

AGE CONNECTS CARDIFF AND THE VALE LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Chairman's Report
Report of the Trustees
2 to 11
Report of the Inde￿ndent Auditors
12 to 13
Statement of Financial Activities
14
Balance Sheet
15
Cash Flow Ststement
16
Notes to the Cash Flow Statement
17
Notes to the Financial Statements
18 to 28

AGE CONNECTS CARDIFF AND THE VALE LIMITED
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The year ending 31 March 2024 saw nolable changes in both services delivered and the staffing structure at senior
levels within the Charity. The end of the year also saw the planned retirement of Jeff Hawkins CEO after over 30 years of
service with Ihe Charrty and the appointment of Maxine Johnson as his successor.
The work of the Charity conlinues to be made up of commissioned services from Cardiff and the Vale Heallh Board,
Cardiff Council and the Vale of Glamorgan Council and older people. Supported by our 250 Volunteers which offers more
than 23,000 hours of support lo vulnerable older people in Cardiff and the Vale
At the Board level worf( has continued in developing the commercial subcommittee which has met during the year to
review current commercial activities of the Charity.
The Volunteer panel has been established and chaired by a Trustee giving a direct line of sight from the Volunteers to
the Board
Next year we would also like to recruit at least 70 more Volunteers.
Thanks to all our staff and volunteers for all their hard work and commitment during this year
Stuart Young
Chairman
Page 1

AGE CONNECTS CARDIFF AND THE VALE LIMITED
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 with
the financial statemenls of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounling and Reporting by Charities= Slatemenl of Recommended Praclice applicable to charities preparing their
accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102)
(effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Our Purpose
To promote the relief of elderfy people in any manner which is charitsble in and around the City and County of Cardiff
and the County of the Vale of Glamorgan.
Our Vision
To live in a society where older people are respected and enabled to meet their aspirations.
The Board of Directors have reviewed the organisation's core values, operational objective, aims and strategies, these
are restated as
Core Values
Professional
Ouf Staff and volunteers pride themselves on their professionalism.
Deliver on Promises
We commit to fulfil all that is promised.
Quality Communications
Promotional coverage and feedback following all joint activities.
Understanding
We take pride in our woth. are skilled. knowledgeable and treat people faidy.
Trusted
We have a long-slanding reputation in the community-
Person Centred
We put people first.
Operational Objective
To help, support and enable older people to maintain their Independen￿ and improve the quality of their lives.
Aims
To recruit and train staff and volunteers to meet our objectives.
To be proactive in seeking partnerships to improve the care and support for older people and deliver products and
se￿i￿S.
The five strategies employed to achieve our objectlve are to".
Raise the profile of the Charity
Ensure sustainable volunteering
Provide informalion and support servi￿$ that promote health and wellbeing, independence and empowement
Provide a first point of contact for enquiries to the Charity
Fundraise
Our Activities
The charity provides a range of direct support services to older people including:
Advocacy in the community and in residential care
Financial Advocacy in the form of welfare rights
Products such as Will making, lasling power of attomey and stairlifts
LEAP - Free energy saving audits, aimed at saving people money
Wellbeing café
Good neighbour volunteer schemes
An ageing well programme
A nail cutting servi
A Community Support Project
Page 2

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
We offer thanks to all those organisations lisled on pages 21 and 22 and to the following supporting Ofganisations:
Jane Hodge Foundation
Home Instead
Bolt Removal
TeleGare and Meals on ￿eelS Cardiff
Care UK
Quality Solicitors - JA Hughes
Wendy Hopkins Family Law
Berry Smith Solicitors
Passmores
BNI Reliance Cardiff
Penguin Wealth
Planet Leasing
Cardiff Nutrition
Utility Warehouse - save money with us
Phoenix HR
Acom Stsirlifts
Bums Pet Nutrilion
Photodrome
Glamorgan Voluntary Service (GVS)
WCVA
Big Lottery Fund Wales
Lloyds Bank
ZOKIT
Marketing Purks
Asda
Pollards Print
Severn-bay Insuran
LEAP
Rhys Welsh - Web & graphic markeling
Carabina IT
WHQS
Charitsble Activities - Who Benefits
The trustees confirm that they have paid regard to the Charity Commissions public benefit guidance. The beneficiaries of
the Charity's work are demonstrated in this report.
The Charity recorded more than 4,000 requests for help during 2023124 with our stals showing that:
52Yo of our dienls live in the Vale of Glamorgan with a slightly smaller proportion of 480k living in Cardiff.
79 /0 of clients were over 70 years of age, with 40 /• over 80 and 70kn being over 90 years of age.
59% were female with 41 /4 being male.
To deal with these 4,000 plus requests..
26 slaff
An active team of 250 volunteers who provided more than 23,000 hours of support which has an estimated
value of more than £239,000 yearly (minimum wage)
Wellbelng Centre
Our Wellbeing Centre in Barry which is partially funded by Cardiff & Vale University Board, Ihe Vale Council as well as
café sales provides-.
A café for older people lo meet & make new friends (38 Hotion Rd, Barry).
Healthy Ageing opportunities which include exercise. craft, & social classes.
A one stop centre for information wilh staff & volunteers on hand and clinics provided by partner organisation.
Volunteering opportunities to get older people involved in the community-
Health screening seNices
Outreach work across the Vale - information provision and low-level advocacy
These ServI￿S were provided by 1 part-time staff and an active team of 15 volunteers.
Page 3

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Nail Cutting SeNice
Out nail CLrtting social enterprise, funded by the fees charged, provided:
3,346 basic toenail cutting appointments for 999 different clients
Appointments cost £24 per home visit (increased to £30 in January 2024) and £18 for a clinic visit (increased
to £20 in January 2024).
Established 4 new clinics in Penarth. St Athan. Cowbridge and Dinas Po's
Home visits were temporarily stopped in Cardiff due to staff shortages but continued in the Vale of Glamorgan
Made a small loss which will be Itxsking to rectify in 2024125.
Volunteer Support Schemes {Good Neighbour & Community Support Project)
Our Good Neighbours Scheme provides support to isolated older people without friends or family to help them. Se￿ICes
indude..
Information on what support is available or answers to queries
A volunteer visitor for company
Shopping support
Help with transport or an escort to attend appointments
Regular phone calls for a chat and to check that everything is OK
In 2024 the Vale Good Neighbours service (funded by Vale Council) experienced..
1.173 new requests for information and support
With 110 clients receiving volunteer support for befriending or shopping support
These services were provided by 3 part-time staff and an actNe team of 62 volunteers (20 mole volunteered
and have now left).
Community Support Project
Our Community Support Project provides similar services in Cardiff and is fvnded by Henry Smith Charity.
698 clients accessing the project
wrth 309 clients re￿IVing volunteer support for befriending, shopping and practical support
These services were provided by 3 part-lime staff and an active team of 125 volunteerfs (88 more volunteered
and have now left)
Outcome surveys of both Good Neighbours and Communlty Support project clients show that:
89Vo Strongly agree or agree that the shopping Servi￿ helped them stay independent & living in their own home.
910/0 agree that befriending seN1￿$ provided helped reduce feeling of isolation.
920/0 agree that the seNice received from Age Connects has Improved their quality of life.
970/0 volunteers report that Ihey have had a positive volunteering experien￿.
Community & Care Home Advocacy Service
We provide advocacy services in care homes and community settings.
We are routinely visiting care homes once every quarter. In addition, we respond to individual refetTals from either the
Advocacy Gateway. Social servI￿s or from other sources such as family or friends. We a150 ViSIt care homes at the
request of the Vale and Cardiffs Joint Quality Monitoring Meetings (JQMM).
We also delivered community home visits across Cardiff and the Vale.
During 2023124 we made on average 208 care homes visits, this included a few virtual visits and some telephone calls.
We supported 80 people with Independènt Professional Advocacy (IPA) in Cardiff which included individual care home
referrals for both Cardiff and the Vale involving 1.007 interactions. In addition. we supported 144 clients through our
community advocacy in the Vale with 698 interactions.
Al the end of March. we had notification from the NDTI that we had successfully ¢ompleted the QPM assessment
process and would be re-awarded the Advocacy QPM for a period of three years.
Page 4

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The Vale Welfare Rights Service
The Service provides support to older people aged 60 + to maximise their income through benefrt entitlement as well as
dealing with general benefit enquiries.
The SeNice provided support to complete benefit applications over the telephone and home visits where required or rf
the application was more complex.
In the year 2023124 the servi￿ re￿iVed 656 referrals and generated over £923,130 in extra benefit income {if each
benefit awarded is given an 18-month value).
Cardiff Welfare Rights Service - Independent Age
The Charity was sU￿sSful in its application for a grant from Independent Age. We We￿ one of 50 organisations that
received £40.000 from Independent Age, to help those struggling with the cosl of living by maximising their income
through benefit enlitlement and help with completing fomis.
The service began in mid-December 2022 and aims to mirror our service in the Vale of Glamorgan by meeting the
demand from older people in Ihe Cardiff area. It means we can make a positive differen￿ to people across the two
counties.
In Ihe year 2023124 the Service re￿iVed 411 referrals and genefated over £848,064 in extra benefrt income (if each
benefit awarded is given an 18-month value).
Broker Service
The Broker Service works in partnership with Cardiff Community Resource Teams (CRTS). C1 Vale Contact Centre. the
Vale Community Resource Service al Barry Hospital and Vale Community Care GP Clusters to support vulnerable
individuals. their families. and carers with hospital discharge and to avoid hospital admissions. Referrals a￿ accepled
from Health & Social Care professionals.
The Community Liaison Offi￿rS are involved in both step up and stepdown refetrals. In 2023124 the SeNice in Cardiff
dealt with 354 referrals, provided 301 home visils and 1,061 contacts with Clients, Private and Statutory services
ensuring provision of correct support to meet identified need.
The Service in the Vale re￿IVed 575 enquiries resulting in 507 referrals, an increase in 161 referrals {47Vo) compared to
346 in the previous year
The Vale servi￿ has an open referral pathway and accepts referrals from Health, Social Care, and the public.
The Discharge Support Service
Discharge Support Officers (DSOS) worked wilhin the Integrated Discharge Service (IDS) in Cardiff and the Vale lo assist
hospital palients over the age of 60 and their families with discharge planning. This SeNice was TUPE'd across to the
University Health Board on 1st July 2022.
Page 5

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FINANCIAL REVIEW
Financial overview
Total incoming resou￿$ were £695,953. Total resources expended were £714,828, leaving net expendtture of £18.875.
Pricing policy for charged services
Our pricing policy for activities includes charges or suggested donations for services and this reflects our aspiration to
enable older people, regardless of their means, to take part in our activities.
Nail Cutting Service - The charge for the sep4ice has increased to £20 for dinic visits and £30 for home visits due to
inflationary pressures. If clients are slruggling financially there is the oplion to receive a £6 discount. The Pri￿ is set
below the current private sector rate of £40 to £50 and was introduced by the Charity as a service to address the real
problems older people have in getting access to a quality seNice at a reasonable price. Additional resources have been
accessed and invested and further applications for development support, to allow us to expand the service are being
developed.
Shopping Support - Requesls for shopping support have decreased since the end of the pandemic and the increased
availability of supemiarket home delivery options. Age Connects provide shopping support to between 30 and 50 clients
on a weekly basis, a small charge of £5 is made to help cover costs of the servi￿.
Wellbeing Centre - Originally set up in 1990 lo address the ageing well agenda, the Cent￿ charges a reasonable rate
for beverages and healthy eating snacks for customers using the facilities. A considerable programme of health and
socÉal activities are provided and organised in the community for which an allendance charge is made to cover the costs
of tutors and venuelrefreshment costs.
Reserves policy
The trustees are of the opinion that free rese￿eS should be in the ￿gion of £300,000.
The Charity provides a range of services funded by public sector bodies. During the year the Board decided lo withdraw
from Ihose conlracts that were economically difficult for the charity to deliver given the short contract period, and where
the changing employment environment. meant recruitment to staff posts was challenging. resulting in our inability to meet
the requirements of the contract., All public sector funding arrangements will be reviewed in the lead-up lo April 2025.
Given the charity's current reliance on these sour￿$ of funding the trustees need to ensure the Charity has sufficient
reserves to..
Cover short to medium term fluctuations in incoming resources.
Invest in methods lo generate alternative sources of funding.
Cover employment related obligations.
Cover medium lerm lease commitments.
The charity rese￿e5 as at March 2024 are £488k. of which £474k are unrestricted funds. these are also the free
resreves. Our frirecast deficit for 2024125 that was presented to the Board was a deficit of £44k. This was recently
revised this to a deficit of £54k because of the 3% wage award and updated LEAP figures. We are trying to get to a
break-even position and planning to stem the deficit in future periods. The Board was satisfied that the level of reserves
and current operating model means thal the Charity can be considered a going concern. The trustees will review the
reserves policy in the next financial year.
Page 6

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
FUTURE PLANS
The organisalion has carried out further reviews and a risk assessmenl related to longer term funding and the
relationship with the public sedor. The organisalion has achieved the Advocacy Quality performance Mark, which will be
held for 3 years. The organisation has achieved the enhanced workpla￿ Health Award. A new management structure
was put in place and a well-being suryey was undertaken wilh all slaff.
Our plans include:
Equality, Diversity & Inclusion Training. and accreditation for the organisalion
Celebrating 50 yeats of Age Conneols Cardiff and the Vale and fundraise on the 50 years theme
Applying for funding for a Wellbeing Co-ordinator
Recruit 70 new volunteers
Increase our income through LEAP
Increase our ino)me through fundraising inttiatives
Increase income through social enterprises
Marketing and Partnerships
Income generation plans will provide fijnds towards meeting the requirements of our Volunteering Programme.
Significant effort is being made lo fully realise the potential of the partnerships and relationships we have and is
developing through all fomis of communication. including a variety of social media platfomis and press aclNity. The
Marketing and Partnership Manager continues to build on raising the charity profile and generating new streams of
income. Clear targets have been set for income arising from fundraising. donations. commercial partnerships, and
product sales and given the ongoing restrictions and limitations placed on what activities are possible, the team
continues to strive to meet this targel by finding innovative ways in which fundraising is still viable.
We have invested in social media aGlivity,' Marketing Purks are assisting in fulfilling this ambition and results so far are
promising. Our website has been updated.
Our online presen￿ plays a pivotal role in our success with a current following of approximately 7k across all social
media platfomis. which continues to grow. We woth hard lo expand our reach which includes Facebook (2.8k followers),
Instagram (1,126 followers). X (2.051 followers). and Linkedln (1 k followers)- This helps us to recruit new volunteers. tell
our stories, and raise awareness.
Our fundraising events have been re*stablished and we are seeking new opportunities for the links we have with
businesses and supporters.
One part-time staff member covers Ihe Markeling and Fundraising Function. Given the limited resources, our largets
need to be realistic, however. there is still much activity planned for this coming financial year.
We will On￿ again be taking part, for the 5th consecutive year, in the Big Give Match Funding Christmas Challenge. We
hope to match our previous yeavs Suc￿sS with a target of 7.sk to fundraise.
We continue to work well with local businesses and national alike. The larger organisations often have the potential for
match funding which allows our fundraising efforts to go further. Through ne￿orkIng and building relationships with such
partners, we can recruit Participants ft)r fundraisefs, promote volunteering opportunities, and spread the word about our
work with Itxal older people.
Due lo rising costs, we have had to reduce our charity magazine Lrfetimes from being mailed to our database from fouf
times per year lo just ￿0. This A4 20-page magazine has been in existence for almost 20 years and is well re￿iVed by
our readership of 3.000. We endeavour to make each edition as infonnative and interesting as possible and continue to
receive ongoing support from advertisers and readers alike.
Through our partnership agreement with Acom Stairlifts, we can earn income when a stairlift referral from ourselves is
ompleted. This is at no extra cost to our clients and has resulted in an additional in¢ome slream of over 4k for Ihe
chariiy in the last finanaal year.
We are still in the early stages of building our partnership as the Cardiff and Vale of Glamorgan LEAP Energy Survey
supplier. LEAP provides free energy-saving advice for our clients and also assesses the home, and any electrical white
g¢)ods that are over 8 years of age. provide certain white goods lenergy-saving products can be provided. This will lake
time lo develop and promote but we hope in time that this service will not only help many save on their energy costs but
also generate much-needed income.
Page 7

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Age Connects Cardiff and the Vale Limited is a registered charity no 1137821 and a Company limited by guarantee
Company number 7345521. The subscribers to the memorandum of the company are first members of the charity and
the trustees of Age Connects Cardiff and the Vale are also trustees of the George Hill Snook Charity for the Aged.
Registered Charity number 213285.
Membership
Membership is open to other individuals or organisations who apply to the charity to be members and where the
application has been approved by trustees. The full details are sel out in the Articles of Associalion for 8 Charitable
Company.
Recrultment and appointment of new trustees
No one may be appointed or conlinue as a trustee if he or she would be disqualified from acting under the provisions of
clause 36 of the Articles of Ass¢xiation.
The number of trustees shall nol be less than three but (unless otheNiise detemiined by ordinary resolution) shall not be
subject to any maximum.
Trustees will be appointed at Annual General Meetings of the Charity, on the recommendation of the trustees. At each
Annual General Meeting one third of the trustees or. if their number is not three or a multiple of three, the number nearest
lo one third must retire from office.
Oryanisational structure
The Board has the overall responsibility for the govemartce of the Charity. It meets at least four times a year and is
supported by work groups or committees when necessary.
The Chief Executtve leads the Management Team in the day to day management of the Charity, working within the
financial framework. procedures and policies set down by the board. The Chief Executive has delegated authority for
human resource planning, employmenl, seNice development and finance.
Induction and training of new trustees
Trustees take an active role in succession planning. Potential trustees are initially provided with reports that will enable
them to judge whether to pursue an appointment. Application forms are completed prior to an interview with Ihe Chair of
the charity and the Chief Executive. If candidates are regarded as suitable, and wish to pursue an appointment, an
orientation session is arranged. This forms part of the ongoing induction process and involves meetings with key staff,
attendance at seminars and Commtttees and at least one Board meeting. Following satisfactory completion of the
recruttment process the Board will recommend appoinknent as a trustee.
Pay policy for senior staff
The d1￿ctOrS and also trustees of the charity give their time freely and no diredor received remuneration in the year.
Details of directors, expenses are disclosed in the notes to Ihe accounts.
The pay of senior managers is considered to be commensurate with posts of a similar natu￿ within the local third seclor.
The pay of senior staff (CEO and Managers) and all other staff is reviewed annually in June. The pay policy of the charity
is to apply any uplift in salary across the whole organisation. In setting the annual pay rate, the directors lake into
account the average increase in eamings across the whole economy, the private sector, the public sector, Relail Price
Index (RPI) and the Consumer Price Index (CPI) and on the charity's ability to meet such costs.
There was a decision for a 30kn wage award in June 2024.
Page 8

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related parties and co-operations with other organisations
The Charity is an active member of Age Connects Wales. None of the trustees receive remuneration or benefit from their
work with the charity. Any connection be￿een a trustee or senior manager of the charity associated with the woth of the
harity must be disclosed to the full board in the same way as other contractual relationships with related third parties. A
register of interests is maintained and at every board meeting Board members are offered the opportunity to declare any
conflicts of inleresl or related party Iransactions.
The Charity has a close working relationship with Age Connects Wales relating specifically to the work of Chief Executive
Officers at a strategic and policy level to support campaigning and influencing work across Wales. Age Connecls Wales
is owned by the six members Age Connecls organisations in Wales, being..
Age Connects Cardiff and the Vale
Age Connects Morgannwg
Age Connects Torfaen
Age Connects North Wales Central
Age Connects North East Wales
Age Connects Neath Port Talbot
The organisation was set up in 2013 and a membership fee was introduced to pump prime the stsrt-up costs.
Risk management
This remains a challenging environment. The outcome of commissioning arrangements for the charIt￿S seTvices remains
un￿rtain beyond 2024. Efforts to diversify income continue to show progress with current reseNes demonstrating good
financial management and increases in unrestricted income. Furthering this effort remains a key focu5 for the charity.
The development of specific action plans and a review of the chatity's resetves policy means the charity has mitigated
the risks that have been identified.
In addition, further consideration has been given to the risks associated with non-public sector activity, including
marketing and promotion. income generation, Workfor￿ planning, and volunteer sustainability.
Specific plans have been approved to address risk and development opportunities. these include investment in income
generation, markeling, and promotion.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
07345521 (England and Wales)
Registered Charity number
1137821
Registered office
Unit 10. Sbectwm
Bwlch Road
Fai￿ater
Cardiff
CF5 3EF
Page 9

AGE CONNECTS CARDIFF AND THE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Trustees
C Harvey
S Young - Chair
R Bright
A Carter
N Jarvis
G Watts
J Manley
F Evans
Resigned 2010512024
Appointed 2910112024
Chief Executive
M Johnson
J Hawkins
Appointed 2810212024
Resigned 2810212024
Operational Managers
J Corley
M Coffin
G Bohun
Deceased 0410812024
Finance & Governance Officer
J Bowling
Marketing & Partnerships Officer
K Fletcher
Company Secretary
M Johnson
J Hawkins
Appointed 2810212024
Resigned 2810212024
Auditors
MHA
Statutory Auditor
Elfed House
Oak Tree Court
Cardiff Gate Business Park
CARDIFF
County of Cardiff
CF23 8RS
Solicitors
Dan Dowen
Legal and Commercial Law
Berry Smith Lawyers
Haywood House
Dumfries Place
Cardiff
CF10 3GA
Bankers
Barclays Bank
LEICESTER
LE87 2BB
COIF Bank
LONDON
EC4V 4ET
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also the directors of Age Connects Cardiff and the Vale Limited for the purposes of company law)
are responsible for preparing the Annual Report and the financial slatements in accordance with applicable law and
United Kingdom Accounting Standards (United Kingdom Generally AcrEpted Accounting Pra￿1￿).
Page 10

AGE CONNECTS CARDIFF AhlDTHE VALE LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENOED 31 MARCH 2024
STATEMENT OF TRUSTEES. RESPONSI8ILmES - eonttnued
Company law requires the trustees to prepare financièl statsmentg for e3ch financi81 year which give a true and fair vitw
of tre of ?tf3irs of the ¢ha¢ttsbl¢ cumpBny and of th& incomtng resources and Èpplicdl"on of ￿SOurCeS, Indudirg tho
in￿rne and èxpenditrJre. ol the ¢haritsEla compgny for that period. In preparing those finanoal *atements. twst**s
are requir&d to
select suilabl8 accovntrvJ policies and then apply them Consslen￿y.
obs8Ne the methods and principles ln the Charity SORP".
make ludger￿￿LS arKS esbmafrs that are re¥S0￿ble and prudent.
prepare the fjn8ncial ststements on Ihe going conc£m ￿S{S unless It is inappropri9fe trj presume that the oharitablg
conTrany wi51 iorsbnue in bustness
The trustses arè reSponS￿e ler keeping proper accountng rettords whrh disdose ￿aSOnable accurJ¢y at any tim
the fin8rK4al ptsstion ot the th3ritable company aThJ to en8ble them kn eroure that finan￿al sfAternents comply
the CompanÈes Act ￿6. They Jie alw resptsnsible for salegu#rding the awts of the charitable company and hence for
ta￿ng rèasonatle steps foi ￿ prewenbon and detscton of fraud and other irrogul8ri1ios.
In so tar as the tsusteeg are awar•.
th8re Is no rele￿nI aud¢t Infomation of wh￿b thè charFtsblo company's aL*dibrs are unaware.. and
the Irustees have tsken all stsps that they ought to h8ve takon tr) m8ke themselves gVaFe ol •ny relevant alxlit
irformatK)n and to establish auditors ar8 awdre of that infom)atien.
. and sgned on tts bÈh21f by..
Approv9d by orrfer of the Board of TNstpes on .
S WYoutVJ-
stee
Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AGE CONNECTS CARDIFF AND THE VALE LIMITED
Oplnlon
We have audited the financial statements of Age Connects Cardiff and the Vale Limited (the 'charitable company,) for the
year ended 31 March 2024 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the Cash Flow
Statement and notes to the financial statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom A￿untIng
Standards (United Kingdom Generally Accepted Acmunting Practice).
In our opinion the financial ststements..
give a true and fair view of the state of the charitable company's affairs as at 31 March 2024 and of its incoming
resources and application of ￿sources. including its income and expenditure, for the year then ended,.
have been properly prepared in accordan￿ with United Kingdom Generally A￿pted Accounling Practice,. and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our
responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial
statements section of our report. We are independent of the charitable company in accordance wilh the ethical
requirements that are relevant to our audit of the financial slatemenls in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees, use of the going concem basis of accounling in
the preparation of the financial statements is appropriate.
Based on the work we have performed, we have nol identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a period of at leasl Iwelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going conom are described in the relevant
sections of this report.
Other infomiation
The trustees are responsible for the other infomiation. The other information comprises the inft)rmation included in the
Annual Report. other than the financial statemenls and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly
stated in our report, we do not express any fom of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing
so. consider whether the olher information is materially inconsistent with the financial statements or our knowledge
obtained in the audit or otherwise appears to be materially misstated. If we identify such malerial inconsistencies or
apparent material misstaternents, we are reqLSired to determine whether this gives rise to a material misslatement in Ihe
financial statements themselves. If, based on the worf( we have perfomied, we conclude that there is a material
misslatemenl of this other information, we are required to report thal fact. We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audtt..
the information given in the Report of the Trustees for the financial year for which the financial statemenls are
prepared is consistent with the financial statements,- and
the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misstalements in the Report of the Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion..
adequate accounting records have not been kepl or retums adequate for our audit have nol been re*ived from
branches not visited by us,. or
the financial statements are not in agreement with the arxounling records and retums., or
certain disclosures of trustees, remuneration specified by law are not made; or
we have not received all the infomiation and explanations we require for our audit., or
the Irustees were not entitled to take advantage of the small companies exemption from the requirement lo prepare
strategic Report or in preparing the Report of the Trustees.
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
AGE CONNECTS CARDIFF AND THE VALE LIMITED
Responsibilities of trustees
As explained more fully in the Statemenl of Trustees, Responsibilities. the trustees (who are also the directors of Ihe
charitable company for the purposes of company law) are responsible for the preparation of the financial statements and
for being satisfied that they give a Irue and fair view, and for such internal control as the trustees detemine is necessary
to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's abilily to
¢ontinue as a going concern, disclosing, as applicable, matters related lo going concem and using the going concem
basis of accounting unless the truslees either intend to liquidate the charitable company or lo cease operations, or have
no realistic alternative bul to do so.
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from
material misstatement. whether due to fraud or error. and to issue a Report of the Independent Auditors that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always delecl a malerial misstatement when it exists. Misstatements can arise from fraud
or error and are considered material if, individually or in Ihe aggregate. they could reasonably be expected to influen
the economic decisions of users tsken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line
with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The
specific procedures for this engagement and the extent to which these are capable of detecting irregularlties, including
fraud is detailed below=
Enquirtes of management, those charged with govemance around actual and potential litigation and claims-,
Performing audit work over the risk of management override of controls. including testing of journal entries and
other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the
normal course of business-
Reviewing minutes of meetings of those charged with govemance:
Evaluating the reasons for any large or unusual transactions-
Reviewing financial statement disclosures and testing to supporting documentation to assess compliance
with applicable laws and regulations.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those
leading to a material misstatement in the financial statements or non-compliance with re9ulation. This risk increases the
more that compliance with a law or regulation is removed from the events and transactions reflected in the financial
ststements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding
irregularities occurring due to fraud rather than error, as fraud involves intentional GOn￿alMent. forgery, collusion,
omission or misrepresentation.
A further descriplion of our responsibilities for the audit of the financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklauditorsresponsibilities. This description fomis part of our Report of the Independent
Auditors.
Use of our report
This report is made solely to the charitable company's members, as a bo(ty, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might slate to Ihe charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To the fullest
extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the
harilable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Julia Mortimer (Senior Ststutory Auditor)
for and on behalf of MHA
Statutory Auditor
CARDIFF
CF23 8RS
MHA is the trading name of Maclntyre Hudson LLP. a limited liability partnership
in England and Wales (registered number OC312313)
Page 13

AGE CONNECTS CARDIFF AND THE VALE LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2024
2024
Tolal
fvnds
2023
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
90,864
90,864
87,450
Charltable activities
Community Support
Informalion and Advice
Ageing Well
61,053
127,071
104,743
180,082
102.205
8,098
241,135
229,276
112,841
193,580
214,359
107,928
Other trading aclivities
Investment income
4,314
17.523
4.314
17,523
1.113
6.923
Total
405,568
290.385
695,953
611.353
EXPENDITURE ON
Raising funds
Charitable activities
Community Support
Information and Advice
Ageing Well
Partnership development
64,019
65.452
115.014
179.045
180,082
102.205
8.098
911
244,101
167,657
123,112
179.956
231,149
168.321
105.205
241,000
Total
423,532
291,296
714,828
745,675
NET INCOMEI{EXPENDITURE)
{17,964)
(911)
(18,875)
(134,322)
RECONCILIATION OF FUNDS
Total funds brought forward
491,887
14,536
506,423
640,745
TOTAL FUNDS CARRIED FORWARD
473,923
13.625
487,548
506.423
The noles form part of these financial statements
Page 14

AGE CONNECTS CARDIFF AP40 THE VALE LIMITED
BALANCE SHEEr
31 PAARCH 2024
2Q2.1
2Q
Tvlal
IuTvJ5
rrfEstrEIu
FIXED ASSErs
l!ibe-.Imcrds
CURRENT ASSETS
16
31.862
.484
Cash #l bank
477 649
48.ogt
57.2Q2
S55 X.5
563.528
CREDITtJRS
.,24 440 j
143.57YI
1680'_71
CURREXT ASSETS
473.923
13.625
4e7.ste
TOTAL ASSETS LESS CURREhlT UAauTrES
473.923
13.625
NET ASSETS
487 54
5Dct.423
FUNOS
UF'.fESirfC￿& knnd5
RegIti￿¢¢ lund5
-923
13,675
491.e87
14_53E
TOTAL FU14DS
.187.518
JtrWJ.*23
$ubiEcl ts Ittp 51na'.j .odn.'ts rEoime
rinanciai sfal(TmoD.15
e*E £lPF.Ttx.pd by [￿- ol T￿J$￿￿5 ar*J 4￿￿￿5￿<1 Ioi IS$￿tr
bYEIC or. ,'ts by
S Ywr.g- T4 Qsto
Tht i)olcs lorpyi pail of I1￿￿¢2￿¢ s J:pl￿?￿..5

AGE CONNECTS CARDIFF AND THE VALE LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from operating activities
Cash generated from operations
161.442)
Net cash used in operating activilies
161,442)
Cash flows fn)m investing activities
Interest received
17.523
Nel cash provided by investing aclivities
17,523
Change In cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
(24,341)
(154.519)
548,044
702.563
Cash and cash equivalents at the end of
the reporting period
523,703
548,044
The notes form part of these financial statements
Page 16

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
2024
2023
Net expenditure for the reporting period {as per the Ststement of
Financial Activities)
Adjustments for:
Losses on investments
Interest received
{Increase)Idecrease in deblors
Increasel(decrease) in creditors
(18,875)
(134,322)
(17,523)
(17,378)
11,910
(6,923)
2,624
22,821
Net cash used In operations
41,864)
161.442)
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank
548.044
24.341
523,703
548.044
24,341
523.703
Total
548.IM4
24,341
523.703
The notes form part of these financial statements
Pa9e 17

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
STATUTORY INFORMATION
Age Conneds Cardiff and The Vale is a company limited by guarantee incorporated in Wales within the United
Kingdom. The registered office is Unit 4 Cleeve House, Lambourne Crescenl, Llanishen. Cardiff CF14 5GP.
The financial statements are presented in Sterling {£). the company's functional currency, and rounded to the
nearest pound.
The principal activities and nature of the charity's operations is lo support and champion older people who are
isolated, vulnerable or in poverty.
The significant accounting policies applied in the preparation of these financial statements are set out below.
These policies have been consislently applied to all years presented unless othetwise stated.
ACCOUNTING POLICIES
Basis of preparing the financlal statements
The financial statements of the charitable company, which is a public benefft entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounling and Reportin9 by Charities." Statement
of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),. 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 convention with the
exception of investments which are included at market value.
There have been no material departures from Financial Reporting Standard 102.
Preparation of the accounts on a going concern basis
The financial statements have been prepared on a going cOn￿M basis, with the company having confimiation in
place from many of its funders up to 31 March 2025 and adequate free reserves to support the organisation. In
addition, the charity continues to raise funds from Trusts and individuals, enabling a range of support
programmes.
Preparation of consolidated fjnancial statements
The financial statements contain infomiation about Age C¢)nnects Cardiff and Ihe Vale Limited as an individual
company and do not contain consolidaled financial information as the parent of a group. The charity is exempt
under Section 399{2A) of the Companies Act 2006 from the requirements to prepare consolidated financial
statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, il is
probable thal the income will be received and the amount can be measured reliably.
This indudes capital grants.
Donations and legacles income
Donations and legacies income includes donations, gifts and grants thal provide core funding or are of a general
nalure and is recognised where there is entitlement. probability of receipt and the amount can be measured with
sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting
perFods or the donor has imposed conditions which must be met before the charity has unconditional ent¢tlement.
Income from charitable activlties
Incoming resources from charitable activities includès income received under contract or where entitlement to
grant funding is subject lo specific perfomiance conditions. This income is recognised as the related SeNi￿S are
provided and there is entitlement, probability of receipt and the amount can be measured with sufficient reliability.
Income is deferred when the amounts received are in advance of the performance of Ihe setvice or event to
which they ￿late.
Page 18
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
Income
Incoming resources from other trading activities includes income received under contract. This income is
recognised as the related services are provided and Ihere is entitlement. probability of receipt and the amount
can be measured with sufficient reliability. Income is deferred when the amounls received are in advance of Ihe
perfomiants of the service or event to which they relate.
Invesknent income
Investment income is recognised on a receivable basis.
Expenditure
Liabilities are recognised as expenditure as s¢)on as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable Ihat a transfer of economic benefits will be required in seltlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an 3￿ruar$ basis and
has been classified under headings that aggregate all cost related to the category. Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a basis consislent Wtlh the use
of resources. Expenditure indudes any VAT which cannot be fully recovered and is reporled as part of the
expenditure to which it relates.
Expenditure on charitable activities comprises those costs incurred by the charity in the delivery of its activities
and seNices foi its beneficiaries. It indudes both costs thal can be allocated directly to such activities and those
costs of an indirect nature necessary to support them.
Support costs are those costs that. whilst necessary to delNer an activity, do not themsefves Produ￿ or
constitute the output of the charitable activity. This includes govemance costs which are those costs associated
with meeting the constitutional and statutory requirements of the charity and include the audil and accountancy
fees and costs linked to the strategic management of the tharity as well as a proportion of salaries based on an
approximation of time spent in this area.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charÈty but do not directly undertake charitable
actNities. Support costs include staff costs, finance costs, general office and premises costs, depreciation and
govemance costs which support the aclivities of the charity. These costs have been allocated be￿een charitable
activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated
directly., others are apportioned on an appropriate basis.
Direct expenditure is apportioned to each project on an actual basis.
Tangible fixed assets
Fixed assets are initially recorded at cost. Fixed assets costing more than £1,000 are Gapitalised by Ihe charÈty.
Depreciation is calculated so as to wrile off the cosl of an asset, less its estimate residual value over the usefvl
economic life of the asset as follows:
Fixtures, fittings and equipment
Small ilems of project equipment
25P/o per annum of cost
100% per annum of cost
Taxation
The charity is exempt from corporation tax on ils charitable activities.
Fund accounting
Unrestricted funds are available for use al Ihe trustees, discretion for any purpose within the objects of the
¢harity.
Restricted funds have been re￿iVed with stipulation from the donor as to the purpose for which they may be
used.
Designated funds are unrestricted funds eamarked by the board for particular purposes in the future.
Transfers from unfestricted to restricted funds are made when required to support underfunded activitses.
Page 19
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - continued
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value.
Debtors
Trade deblors and other debtors are recognised at the settlement amount due. Prepayments are valued at the
amoLtnt prepaid.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably
result in the transfer of funds lo a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any Irade
discounts due.
Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with
the lessor are charged against profits on a straighl line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charttable
company's pension scheme are charged to the Statemenl of Financial Activities in the period to which Ihey relate.
Terniination payments
The charitable company recognises termination benefits as a liability and an expense only when the entity is
demonstrably commttted either to terminale the employment of an employee or group of employees before the
normal retirement date or to provide terminabon beneffts as a result of an offer made in order to encourage
voluntary redundancy.
DONATIONS AND LEGACIES
2024
2023
Donationslfundraising
Legaciesrrrust Funds
Grants
54,164
13,200
23,500
64,950
2.500
20,000
90,864
87,450
Grants received, included in the above, are as follows:
2024
2023
Peoples Postcode Lottery
Garfield Weston Foundation
13,500
10,OIXI
10.000
10.000
23,500
20,000
Page 20
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
OTHER TRADING ACTIVITIES
2024
2023
Trading
4,314
1,113
INVESTMENT INCOME
2024
2023
Bank interest
17,523
INCOME FROM CHARITABLE ACTIVITIES
2024
2023
Activity
Community Support
Communty Support
Community Support
Community Support
Information and Advi
Information and Advice
Information and Advice
Ageing Well
Ageing Well
Ageing Well
Grants
Other
Project donations Ifundraising
Fees for the provision of SeNi￿S
Grants
Project donations Ifundraising
Fees for the provision of services
Grants
Other
Project donations ffundraising
Fees for the provision of
services
180.082
13,378
5.823
41,852
102.205
11,218
115,853
8,098
74.883
1.262
146,178
2,083
45.319
71.551
6,325
136.483
11,475
69,624
4.137
Ageing Well
28.598
22,692
583.252
515.867
Grants received, included in the above, are as follows=
2024
2023
Cardiff County Council
Vale of Glamorgan Council
Henry Smith Foundation
Age Cymtij
Glamorgan Voluntary SeNices
Groundwoth UK - Tesco Bags of Help
Waterloo Foundation
Independent Age
National Grid Communily Matters
65.391
117,245
60,000
2,400
10.560
375
87,697
115,558
2,400
8,363
1,125
5,000
5.586
3,475
34.414
290,385
229,204
Page 21
continued.

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
RAISING FUNDS
Other trading activities
2024
2023
Impairment losses
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 9)
Support
costs (see
note 10)
Tolals
Community Support
Infomialion and Advice
Ageing Well
Partnership development
203.901
154,120
107,491
173.962
40,200
13,537
15,621
5.994
244,101
167,657
123.112
179,956
639.474
75.352
714.826
DIRECT COSTS OF CHARITABLE ACTIVITIES
2024
2023
Slaff costs
Other costs
501.221
138.253
543,836
107.169
639,474
651.005
10.
SUPPORT COSTS
Salaries
and
expenses
Other
support
osts
Governance
costs
Totals
Community Support
Information and Advi
Ageing Well
Partnership development
21.151
19,049
13.537
11.508
40,200
13.537
15.621
5.994
4.113
25.264
44,094
5,994
75,352
Salaries and expenses and office costs relate to administration carried out on behalf of operational adivities.
Allocation is on the basis of an estimate of staff time.
Other support costs relate to rent, utilities, insurance. lelephone, IT support and systems. payroll et¢. Allocation is
on the basis of an estimate of usage.
11.
NET INCOMEI{EXPENDITURE)
Nel incomel(expenditure) is slated after chargingl(crediling}'.
2024
2023
Auditors, remuneration
5,994
5,994
Page 22
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
12.
TRUSTEES. REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 March 2024 or for the year ended
31 March 2023.
Trustees, expenses
No expenses were paid lo truslees for the year ended 31 March 2024 or for year ended 31 March 2023.
13.
STAFF COSTS
2024
2023
Salaries
Social security
Pension contributions
480,885
28.243
17,357
540.061
29,778
18,788
526.485
588.627
Number of employees
Equivalent full time employees
27
18
30
20
No employee received emoluments in excess of £60.000.
The total key managemenl personnel remuneration benefits paid during the year was £181.838 (2023..
£261,904).
Included within staff cosls are temiination payment5 afflounting to £1.688 (2023.. £40,000).
Page 23
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
14.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
funds
Totsl
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
87,450
87,450
Charitable actlvitles
Community Support
Information and Advice
Ageing Well
47,402
142,808
96,453
146,178
71,551
11,475
193,580
214,359
107.928
Other trading activilies
Investment income
1.113
6,923
1,113
6,923
Total
382.149
229,2¢)4
611.353
EXPENDITURE ON
Charitable activities
Community Support
Information and Advice
Ageing Well
Partnership development
39,712
96.770
92,847
241.000
191,437
71,551
12,358
231.149
168,321
105,205
241,000
Total
470,329
275,346
745,675
NET INCOMEI(EXPENDITURE)
Transfers between funds
{88,180)
843
(46.142)
843
{134,322)
Net movement in funds
(89,023)
{45,299)
(134.322)
RECONCILIATION OF FUNDS
Total funds broughl forward
580,910
59,835
640.745
TOTAL FUNDS CARRIED FORWARD
491,887
14.536
S[￿,423
15.
FIXED ASSET INVESTMENTS
There were no investment assets outside the UK.
The company's investments at the balanrE sheet d81e in the share capital of companies indude the following-.
Age Concern Cardiff and the Vale of Glamorgan Enterprises Llmlted
Registered office-
Nature of busines5'. Domiant company
Class of share..
Ordinary
holding
100
Age Connects Cardiff and the Vale Limited held 2 shares in Age Concern Cardiff and the Vale of Glamorgan
Enterprises Limited at 31 March 2024. The investment has been impaired due to Age Concern Cardiff and the
Vale of Gl8morgan Enterprises Limited being dissolved via voluntary strike-off on 11 June 2024.
Page 24
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
16.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Prepayments and accrued income
31,862
17.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and olher taxes
Other creditors
Accruals and deferred income
9,336
10.188
1.554
46,939
3.927
8,386
1,556
68.017
56,107
Included within accruals and deferred income above is the following deferred income=
2024
2023
Deferred income brought forward
Released lo SOFA
Additional income deferred in the year
34,974
(34.974)
40.780
47,744
(47.744)
34,974
40,780
34.974
The deferred income relates to funding received in advance of service delivery.
18.
LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows..
2024
2023
Wrthin one year
Belween one and five years
25.870
2,205
9,255
28,075
9.255
Operating lease payments recognised as an expense during the year amount to £31,026 {2023: £42,794).
19.
MOVEMENT IN FUNDS
Net
movement
in funds
At
3113124
At 114123
Unrestricted funds
General fund
491,887
(17,964)
473,923
Restricted funds
Pendoylan and Welsh St Donats
Recreation Fund (PD)
14,536
(911)
13,625
TOTAL FUNDS
506 423
18,875>
487,548
Page 25
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movemenl
in funds
Unrestrlcted funds
General fund
405,568
(423,532)
(17,964)
Restrfcted funds
Broker se￿ice (CS)
Community Volunteer Support (CS)
Vale Good Neighbours (CS)
Advocacy and residential care {1 & A)
Cardiff Welfare Rights (l & A)
Hope Advocacy Project (l & A)
Pendoylan and Welsh St Donats
Recreation Fund (PD)
Stronger Communities {AW)
85,000
62.265
32,817
65,391
34,414
2,400
(85,000)
(62.265)
(32,817)
(65,391)
(34.414)
(2,400)
(911)
8.098)
(911)
8.098
290,385
291.296
911
TOTAL FUNDS
695,953
714,828)
18.875)
Comparatives for movement in funds
Net
movement
in funds
Transfers
between
funds
At
3113123
At 114r22
Unrestricted funds
General fund
580,910
(88,180)
{843)
491,887
Restricted funds
Community Volunteer Support (CS)
Senior Health Shop (AW)
Pendoylan and Welsh St Donats
Recreation Fund (PD)
45.259
(45,259)
(883)
883
14.576
40)
14.536
59,835
46.142
843
14.536
TOTAL FUNDS
640,745
134.322)
506.423
Page 26
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
MOVEMENT IN FUNDS- continued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
382,149
(470,329)
(88,180)
Restricted funds
Broker Service (CS)
Community Volunteer Support (cs)
Vale Good Neighbours (CS)
Advocacy and residential care (l & A)
Cardrff Welfare Rights11 & A)
Hope Advocacy Project (l & A)
Senior Health Shop (AW)
85,000
26,839
34.339
61,982
7,169
2,400
11,475
(85.O¢X))
{72,098)
(34.339)
(61,982)
{7,169)
{2,400}
12,358
{45.259)
883
229,204
275.346
46.142
TOTAL FUNDS
611,353
745,675)
134,322)
Restricted funds
Community Support (cs)-
Volunteer befriending and support to older people in the communty
Support to older people discharged from hospital.
Activities to promote community cohesion by addressing the negative
stereotypes between generations.
Infomiation and advi￿ {1 & A) -
Assisling older people, both in the community and in residential
care to resolve disputes and exercise their rights.
Assisting with daims for benefits and fom completion.
Assisting older people in moving into residential care.
Ageing Well (AW) -
Programmes to involve older people to promote better health.
Pendoylan & St Donats Trust
Funding received in the year following the winding up of the twst to
be used for development in the area.
20.
EMPLOYEE BENEFIT OBLIGATIONS
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from
those of the charrty in independently adminislered funds. The pension cost charge represents contributions paid
by the charity to the lund and amounled to £17.357 (2023.. £18.788). Contributions outstanding at the year end
amounted to £nil {2023.' £nil.)
21.
RELATED PARTY DISCLOSURES
During the year, the charity received donations of £120 (2023.. £120) from 1 tTUStee (2023.. 1 trustee).
During the year the charity entered into transactions in the ordinary course of business with related parties as
follows..
Name
Nature of transaction
2024
2023
Other related parties=
WHQS Ltd
Expenditure paid to
6,624
Severn-bay Insurance
Expenditure paid to
1.634
Movo Insurance
Expenditure paid to
Income re￿iVed from
2,436
Page 27
continued...

AGE CONNECTS CARDIFF AND THE VALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 MARCH 2024
21.
RELATED PARTY DISCLOSURES - contlnued
During the financial year, A Hawkins who is a ¢lose family member of the Chief Ex6CUtive J Hawkins {prior to his
resignation) was employed as a member of the nail cutting team. During this period of employment she received
£681 (2023= £8,368).
Page 28