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2022-03-31-accounts

West Glamorgan

Age Cymru West Glamorgan Limited Annual Report

2021-22

Content

----- Start of picture text -----
Introduction from the Chair 3
Summary from the Chief Officer 4
Statistic 6
Our Vision 7
Our Mission 7
Our Culture 7
Our Values 8
Activities 9
Information and Advice Service 9
Meal Delivery Service 9
Warm Homes Project 10
Homecare Plus 10
Practical Assistance Project 10
Advicelink 11
Lasting Power of Attorney 11
Activities 12
IPPS 12
Dementia Pathfinder Project 12
Afan Nedd Centre 12
Home Support Service 13
----- End of picture text -----

2 Home Support Service

Introduction from the Chair

In our third year as Age Cymru West Glamorgan, it’s my privilege to report on our impact in this unique year as we move out of the pandemic and adapt to the ‘new normal’.

In our last financial year, April 2020 to March 2021, we were extremely fortunate to secure multiple funding sources to fund our vital work helping our clients through the pandemic. We were also deeply grateful to receive substantial legacies. These gifts in wills are so important to us as a charity and have allowed the Board to invest further in delivering services to Age Cymru West Glamorgan’s clients. The Board was able to fund our Information and Advice service to help meet a rise in both need and complexity, supporting our clients with more than 1,000 additional queries this year. This shows the impact of gifts in wills for us a charity, if we hadn’t received such generous gifts older people would have been significantly less served.

Conscious of the challenging funding landscape, the Board also invested in our infrastructure to give us the best chance to secure new funding. The Board recognises that our greatest asset is our fantastic team of dedicated staff and volunteers, and without them we wouldn’t be able to support our clients, so we’ve invested in new roles to support them in their work. To keep our systems secure, we increased our cyber security packages, keeping clients’ data safe whilst meeting the requirements to bid for statutory funding. Most significantly, we launched our Home Support Service to deliver the high-quality help at home that our clients desperately needed, whilst building towards funding our charitable activities.

This investment really paid off, allowing us to secure funding for our Practical Assistance Project, providing 500 hours of free support at home for those who needed

it. It also allowed us to secure funding for our Intervention, Prevention and Practical Support project providing intensive support for up to 39 clients, helping them live safely and independently in their own homes. We also achieved our goal of increasing the support we can offer to clients living with, and those caring for, someone with dementia, through our Dementia Pathfinder Project.

Alongside our successes, the Board of Trustees has faced challenges this year. Despite our best efforts, we were unable to secure funding to continue our Meal Delivery Service, or to restart our Lunch Club at the Afan Nedd Centre. This was a particularly hard reality to face given the amazing work the team did during the pandemic, but sadly we can only provide so much without the help of others. We have also had to contend with the cost-of-living crisis which has added significant challenges to our cost of delivery, the goods we pay for, and recruiting staff.

I would like to thank my fellow Trustees whose dedication to our mission has been invaluable. I would also like to acknowledge the fantastic work of our staff and volunteers who continue to surpass what seems possible. Their commitment to bettering the lives of older people never ceases to amaze me. Similarly, to those who have provided grant funding, left us a gift in their will, set up a regular donation, or donated their loose change, thank you. We simply wouldn’t exist without your generosity.

The year ahead will be challenging, but we will work together to deliver the very best support we can to ensure we continue to promote wellbeing, and help our clients live well, and independently for as long as possible.

Mel Rayner Chair

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Impact Report 2021-22

Looking ahead to 2023 from the Chief Officer

The Coronavirus Pandemic took a heavy toll and sadly older people were especially affected. The extensive shielding period, repeated lockdowns, and the health messages around the risk of contact, has resulted in a legacy of complex support needs that are still being identified now. 2021 - 2022 was a busy year, with support provided to 4,234 older people and their careers, with many successes.

Sadly, it is my duty to sound a warning for the year ahead. As I write this, we have already supported 4,153 older people and their carers in the first 6 months of the financial year

(2022 - 23). We are set to have the busiest year to date, and we simply do not have the resources we need to meet the demand. If we do not secure the funding we crucially need, and if people don’t donate, we will have to cut our service to the bone, which will leave so many of our clients without the support they desperately need.

It has been a disappointing year for funding and with the Health Board’s decision to delay their tender process by over a year to 2024, it’s doesn’t appear that statutory funding will be there to support us. The cost-of-living crisis has already taken its toll, and we have

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Impact Report 2021-22

increased staff salaries to ensure they have enough to live on, and to keep abreast in a competitive recruitment environment. Our costs are set to increase over the next year, with the cost of utilities being of greatest concerns. The sharp increase in the Real Living Wage to £10.90 an hour means that we need to find a significant amount of money to ensure we can pay our fantastic staff the salary they need to live, as without them we wouldn’t be able to provide any services to our clients.

Unfortunately, the Board has had to make the deeply difficult decision to pass the Afan Nedd Centre back to Neath Port Talbot Council. We were facing a £10K increase in our Gas and Electricity costs, and despite our best efforts over the past year to try and secure funding to continue delivering services from the centre, we had no other option but to give up the Afan Nedd Centre to prevent the costs of running it compromising Age Cymru West Glamorgan’s other crucial work.

we’re launching our first ever Emergency Fund Appeal, to help meet the increased need and make sure we can answer all the calls for help this winter.

Every donation will help to help ensure we can continue to be there for older people in Swansea, Neath Port Talbot and Bridgend who are at crisis point this winter. Please donate now.

Connor James

Chief Officer

In addition to the lack of funding streams available to us, the cost-of-living crisis has severely impacted our ability to concentrate our finances into helping us to provide crucial services to those who rely on us. But it’s not just a cost-of-living crisis, it’s a living crisis. Our donations have fallen by 47% and we urgently need your help to continue our vital work in Swansea, Neath Port Talbot and Bridgend. This is why we are asking for more support than ever. Without an extra helping hand, we simply cannot help meet the demand for our services.

We can help but we simply don’t have the funding to answer the unprecedented number of calls we’re receiving. We have never had so much demand and so little funding so

5

Information and Advice

2775 Information and Advice queries dealt with

Lasting Power of Attorney

Information and Advice

£999,083.50 in benefits via our Information and Advice projects awarded to our clients across Swansea, Neath, Port Talbot and Bridgend

Dementia Pathfinder Project

We provided specialist support to 78 clients to navigate their dementia journey, making sure they never felt alone

Warm Homes Project

97 benefits sessions carried out, securing £149,551.94 for clients through the Warm Homes Project

Practical Assistance Project

Over 500 hours of free support provided through the Practical Assistance Project

86 people have used our affordable Lasting Power of Attorney service to draw up and register their documents over the last 12 months

Support sessions

Over 500 support sessions provided to 39 clients, through our Intervention, Prevention and Practical Support Project reducing hospital admissions and allowing safe hospital to home discharge

We supported 4,062 clients in a year, and we had 12,646 contacts (For example 1 client could have multiple home visits, or calls, emails etc.)

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Impact Report 2021-22

Our Vision

Age Cymru West Glamorgan wishes to be the first thought for older people and their carers living in Swansea, Neath Port Talbot and Bridgend when they look for trusted, quality assured and person-centred support.

Our Mission

Age Cymru West Glamorgan is a local charity promoting well-being, helping people to age well and live independently.

Our Culture

Age Cymru West Glamorgan is building a culture of freedom and responsibility that allows staff and volunteers to maximise their individual strengths in a collective effort to achieve our vision. We work together to deliver the highest quality services, tailored to the individual needs of our clients. Staff and volunteers feel empowered to make decisions based on a clear understanding of their boundaries and with our values at their core.

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Impact Report 2021-22

Our Values

Age Cymru West Glamorgan’s values are to ensure that we C.A.R.E

C entred

We put older people at the heart of everything we do, ensuring our services are relevant and appropriate.

A daptive

We see the individual, delivering person centred, quality assured and outcome focused services.

R esponsive

We listen, learn and take action based on feedback.

E fficient

Donations are a gift; we constantly strive for efficiency and effectiveness to make sure nothing is wasted.

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Impact Report 2021-22

Activities

Information and Advice Service

This service provides access to independent, quality assured information and advice to older people and their carers. This service delivers professional advice, including practical form filling on topics ranging from benefits; issues related to personal care, planning for later life, housing issues and accessing local services. We take a holistic approach and provide comprehensive advice with the client at the heart of the service.

Meal Delivery Service

The Coronavirus pandemic and the resulting lockdowns, had a huge impact on members of the local community who relied upon support services for food security and socialisation. Within just five working days, Age Cymru West Glamorgan reacted to the concerns and adapted by redeploying the Afan Nedd Centre to provide a Meal Delivery Service. This service allowed people to maintain their independence, as well as enabling people to feel connected and cared for, reducing the need to seek further support from public sector services as needs could be identified at an earlier stage. With the assistance of 92 fantastic volunteers, we were able to provide over 19,700 meals to the community over the course of the service. Unfortunately, as were unable to secure funding to continue, this service was closed down in May 2021.

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Impact Report 2021-22

Activities

Warm Homes Project

As part of this project, we supported clients with accessing the benefits that they were entitled to, enabling them to boost their income and avoid falling into fuel poverty. We carried out 97 benefit sessions this year, securing £149,551.94 for clients.

Homecare Plus

This project provided services across Swansea, Neath, Port Talbot and Bridgend, to support people to live independently in their own homes. Ensuring access to safe, reliable, and quality services, carried out by vetted tradespeople, in order to protect vulnerable people from rogue traders. Over the last 12 months, as a result of the surge in demand for tradespeople after repeated Covid lockdowns, we found it an increasing challenge to efficiently meet the needs of our clients, therefore the decision was made to close the service at the end of March 2022.

Practical Assistance Project

In January 2021, the Practical Assistance Project was launched, providing up to four weeks of free in-home support to clients and their carers. Our team of fully trained, Home Support Workers were able to assist clients who met the project criteria with tasks like cleaning, helping with administrative tasks, preparing and cooking meals, and providing sitting services. Funded by the WCVA, this project ran until May 2021 and supported 131 clients and their carers to remain independent in their own homes, with over 500 hours of free support.

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Impact Report 2021-22

Advicelink

Through our partnership with Citizens Advice Swansea Neath Port Talbot on their Advicelink project, we have supported over 462 clients to access information and advice. We secured over £383,150 in unclaimed benefits for our clients. Although Covid 19 restrictions stopped us delivering support face to face, we look forward to resuming our face to face service, particularly visiting client in their own homes, as soon as restriction allow.

Lasting Power of Attorney

Our low-cost Lasting Power of Attorney Service helps people to understand the process of appointing someone they trust to make decisions on their behalf, should they need someone to make decisions on their behalf. Age Cymru West Glamorgan is committed to providing a high quality, affordable service to any older people living in the local area. In the last 12 months, our Advisor assisted 86 people in drawing up and registering their documents.

11

Activities

IPPS

Working closely with Swansea and Neath Port Talbot Councils for Voluntary Services, our Intervention, Prevention and Practical Support Project ran from October 2021 until March 2022. It offered up to 6 weeks of free in-home support to clients who were identified as being at high risk of being admitted/readmitted to hospital or those who needed support in place in order to safely enable hospital discharge. During this time, we supported 39 clients with over 500 support sessions in their own homes.

Dementia Pathfinder Project

December 2021 saw us commence our Dementia Pathfinder Project. This project was set up to support clients and their carers after a diagnosis of Dementia, offering information and guidance through personalised support plans designed to ensure clients and carers feel involved and informed about their care. To date, we have provided clients and their carers with 78 individualised support plans. This project is funded by West Glamorgan Regional Partnership.

Afan Nedd Centre

Our Afan Nedd Centre in Port Talbot gave us the ideal space to provide a daily lunch club for older people in the area. This enabled us to offer hot, nutritious meals in a safe space where people could socialise and maintain their links with the community. The versatile and accessible space has also been a great place for community groups and clubs to get together on a regular basis.

12 Impact Report 2021-22

Home Support Service

Beginning in April 2021, this service was set up to provide support with everyday tasks around the home such as admin, cleaning, laundry, meal preparation and befriending. Our expanding team of Home Support Workers have full DBS checks, all hold professional cleaning masterclass certificates and have food hygiene training to ensure a consistent, high-quality, trustworthy service. This dementia friendly service has been indispensable for clients and carers throughout Swansea and Neath Port Talbot and continues to grow as a result, supporting 169 people over the last 12 months with over 2000 hours of support. Our amazing Home Support Workers have proved crucial for helping people to remain independent in their own homes, not only providing practical support, but also providing company to those who may be experiencing social isolation as a result of living alone and far away from loved ones.

Gardening 112 clients used our gardening service

Hairdressing Our mobile hairdressing service was utilised by 74 clients

Footcare

We assisted 412 people to access appointments with a HCPC registered footcare service

Handyman

214 clients accessed our Handyman services

Impact Report 2021-22 13

REGISTERED COMPANY NUMBER: 07548947 (England and Wales) REGISTERED CHARITY NUMBER: 1140989

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

AGE CYMRU WEST GLAMORGAN LIMITED

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

14

AGE CYMRU WEST GLAMORGAN LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Page
Independent Examiner's Report 18
Statement of Financial Activities 19
Balance Sheet 20
Cash Flow Statement 21
Notes to the Cash Flow Statement 22
Notes to the Financial Statements 23 to 33

15

AGE CYMRU WEST GLAMORGAN LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Open recruitment through social media, interview with CEO and Chair, informal meeting with Board, formal application process including taking up references.

Formal appointment by full Board, registration with the Charity Commission and Companies House as a Director. Full induction with Senior Management and ongoing training.

Induction and training of new trustees

All trustees attend induction with Senior Management to discuss 5 year business plan, annual business plans, and operational plans.

All new trustees complete a skills audit and their training needs are identified and added to the global training plan to be met.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07548947 (England and Wales)

Registered Charity number

1140989

Registered office

Unit 10 Cwmdu Industrial Estate Carmarthen Road Gendros Swansea SA5 8JF

16

AGE CYMRU WEST GLAMORGAN LIMITED

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Trustees

Melvyn Clifford Rayner - Chair of the Board Monica Sophia Vasquez - Vice Chair of the Board Craig Lawton Natasha May Fulford Kelly Harris (resigned 8.2.22) Caroline Jerrett Elizabeth Murray-Downie Lwando Shenxane (resigned 15.7.22) Elaine Venables Mike Wiseman (resigned 11.7.22)

Independent Examiner

Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Approved by order of the board of trustees on Wednesday the 9th of November 2022 and signed on its behalf by:

........................................................................ M C Rayner - Trustee

17

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF AGE CYMRU WEST GLAMORGAN LIMITED

Independent examiner's report to the trustees of Age Cymru West Glamorgan Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of ACA which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

Henry Lloyd-Davies ACA Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA

Date: 09/11/2022

Signed: ………………………………………………………………….

18

AGE CYMRU WEST GLAMORGAN LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Older persons support and advice
Investment income
3
Other income
5
Total
EXPENDITURE ON
Charitable activities
6
Older persons support and advice
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2022
2021
Unrestricted
funds
£
Restricted
funds
£
Total
funds
£
Total
funds
£
61,071
-
61,071
248,958
146,800
202,858
349,658
560,487
355
-
355
664
13,906
-
13,906
9,245		 2022
2021
Unrestricted
funds
£
Restricted
funds
£
Total
funds
£
Total
funds
£
61,071
-
61,071
248,958
146,800
202,858
349,658
560,487
355
-
355
664
13,906
-
13,906
9,245
222,132
202,858
424,990
819,354
286,105
308,787
594,892
490,704
(63,973)
(105,929 )
(169,902 )
328,650
566,418
107,907
674,325
345,675
502,445
1,978
504,423
674,325

19

AGE CYMRU WEST GLAMORGAN LIMITED

BALANCE SHEET 31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
16
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
funds
£
8,707
57,797
470,928		 Unrestricted
funds
£
8,707
57,797
470,928		 Restricted
funds
£
-
-
1,978		 2022
Total
funds
£
8,707
57,797
472,906		 2021
Total
funds
£
6,628
19,975
683,108
528,725
(34,987)		 1,978
-		 530,703
(34,987)		 703,083
(35,386)
493,738 1,978 495,716 667,697
502,445 1,978 504,423 674,325
502,445 1,978 504,423 674,325
502,445
1,978		 566,418
107,907
504,423 674,325

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies’ regime.

The financial statements were approved by the Board of Trustees and authorised for issue on

09/11/2022 and were signed on its behalf by:

............................................. M C Rayner - Trustee

20

AGE CYMRU WEST GLAMORGAN LIMITED

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

Cash flows from operating activities
Notes
Cash generated from operations
1
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash (used in)/provided by investing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2022
£
2021
£
(203,902 )
358,816
(203,902 )
358,816
(6,300)
-
(6,300)
-
(210,202 )
358,816
683,108
324,292
472,906
683,108

21

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES


ACTIVITIES
Net (expenditure)/income for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations		 2022
£
2021
£
(169,902 )
328,650
4,221
2,646
(37,822)
14,408
(399)
13,112
(203,902 )
358,816

2. ANALYSIS OF CHANGES IN NET FUNDS

ANALYSIS OF CHANGES IN NET FUNDS
Net cash
Cash at bank and in hand
Total		 At 1.4.21
£
Cash flow
£
At 31.3.22
£
683,108
(210,202 )
472,906
683,108
(210,202 )
472,906
683,108
(210,202 )
472,906

22

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice 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.

Age Cymru West Glamorgan Limited meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of accounts on a going concern basis

The trustees of the Charity are required to consider whether the Charity meets the going concern basis at the end of each financial year. Reviewing the available resources, cash balances and funding already obtained for FY21/22, the trustees are confident that the Charity remains a going concern and this basis of preparation is appropriate.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, any conditions attached to the item(s) of income have been met, it is probable that the income will be received, and the amount can be measured reliably.

Income from Government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received, and the amount can be measured reliably and is not deferred.

Income from trading activities is recognised when the Charity is deemed to be entitled to the income, when it can be reliably measured and when it is sufficiently probable to be received. This mainly relates to the Homecare Plus and Home Support Service and income is shown net of VAT.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Income from donated goods is recognised upon receipt of the goods as required by the SORP 2019.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the Charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities, both costs directly attributable and indirect support costs.

Tangible fixed assets

Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.

Furniture & Fittings and Office Equipment - 25% Reducing Balance Leasehold Property - 2% Straight Line

Assets greater than £2,500 will be capitalised.

Allocation and apportionment of costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include finance, professional and governance costs which support the Charity's activities.

Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable projects.

23

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES - continued

Fund accounting

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objective of the Charity and which have not been designated for other purposes.

Designated funds are unrestricted funds earmarked by the Trustees for particular purposes falling in future time periods.

Restricted funds are funds subject to specific restrictions imposed by the donors or which have been raised by the charity for particular purposes. The aim and use of each restricted fund is set out in the notes to the financial statements.

Deferred Income

Deferred income represents income received by not earned as of the year end. Deferred income primarily consists of grant income designated for a specific period but received in advance of this period.

Legal Status of the Charity

The charity was incorporated on 2 March 2012 and is a company limited by guarantee. The members of the company are trustees named on page 2. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. The registered office of the Charity is listed on page 2.

Pension costs and other post-retirement benefits

The Charity operates a defined contribution pension scheme. Contributions are charged to the income and expenditure account as they become payable in accordance with the rules of the scheme.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Cash at bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Operating Leases

Rentals applicable to operating leases are charged to the SOFA over the period in which the cost is incurred. Details of operating lease commitments are shown in the notes to the accounts.

Legacies and Donations

Legacies are accounted for as incoming resources once the receipt of the legacy becomes reasonably certain. This will be once confirmation has been received from the representatives of the estates that payment of the legacy will be made, or property transferred and once all conditions attached to the legacy have been fulfilled.

Significant Estimates and Judgements

The preparation of the financial statements in conformity with generally accepted accounting principles requires the management to make estimated and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results in the future could differ from these estimates. The management are satisfied that there are no significant judgements or estimates in addition to those that management has made in the process of applying the Group's accounting policies.

24

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

2.
DONATIONS AND LEGACIES
Donations
Legacies
Legacies in 2022 include the following amounts from individual legacy donors:
Stanley Bevan
Ronald Henry Taylor
Hugh Thomas
Mary Kingdon
David Roy Radford
3.
INVESTMENT INCOME
Bank deposit interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
LPA - Advocacy service
Older persons support and advice
Homecare Plus
Older persons support and advice
Fundraising events
Older persons support and advice
Afan Nedd Income
Older persons support and advice
Grants
Older persons support and advice
Grants received, included in the above, are as follows:
City & County of Swansea
Swansea Bay University Health Board
Welsh Government
Age UK - Brand Retainer
DWP - Access to work
Track 2000
National Lottery
Moondance Foundation
Age Cymru/Age UK
Neath Port Talbot Council
WCVA
Screwfix foundation
Martin Lewis Covid Fund		 2022
£
15,058
46,013
61,071
2022
£
355
2022
£
14,697
83,336
-
15,282
236,343
349,658
2022
£
2,841
50,438
25,900
10,000
6,089
-
10,000
-
93,601
37,474
-
-
-
236,343		 2021
£
17,065
231,893
248,958
£
79
5,000
3,934
25,000
12,000
2021
£
664
2021
£
6,718
56,068
363
94,467
402,871
560,487
2021
£
-
-
25,903
15,000
-
15,000
66,880
31,064
73,125
40,185
120,914
4,800
10,000
402,871

25

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

5. OTHER INCOME

Miscellaneous income
CJRS income		 2022
£
13,906
2021
£
2,020
-
7,225
13,906
9,245

Other income includes room hire.

6. CHARITABLE ACTIVITIES COSTS

Support
Direct costs (see
Costs note 7) Totals
£ £ £
Older persons support and advice 581,434 13,458 594,892
SUPPORT COSTS
Support
Finance costs Totals
£ £ £
Older persons support and advice 4,419 9,039 13,458
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
2022 2021
£ £
Depreciation - owned assets 4,221 2,646
Bad debts 629 108
Other operating leases 51,195 96,268
Independent examiners fee 2,600 2,395

7. SUPPORT COSTS

8. NET INCOME/(EXPENDITURE)

9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.

10. STAFF COSTS

Key Management Personnel

Emoluments (inc. pension contributions and benefits in kind)
Staff costs
Wages and salaries
Redundancy costs
Social security costs
Pensions		 2022
£
41,427
2022
£
311,422
2,648
20,608
9,171
343,849		 2021
£
39,670
2021
£
230,293
6,802
15,425
5,703
258,221

26

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

10. STAFF COSTS - continued

The average monthly number of employees during the year was as follows:

The average monthly number of employees during the year was as follows:
2022
Management
2
Administration
2
Direct services
15
19		 2021
2
2
11
15

No employees received emoluments in excess of £60,000.

11.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
248,958
-
Charitable activities
Older persons support and advice
272,389
288,098
Investment income
664
-
Other income
6,882
2,363
Total
528,893
290,461
EXPENDITURE ON
Charitable activities
Older persons support and advice
301,941
188,763
NET INCOME
226,952
101,698
Transfers between funds
(6,209)
6,209
Net movement in funds
220,743
107,907
RECONCILIATION OF FUNDS
Total funds brought forward
345,675
-
TOTAL FUNDS CARRIED FORWARD
566,418
107,907		 Total
funds
£
248,958
560,487
664
9,245
819,354
490,704
328,650
-
328,650
345,675
674,325

27

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

12. TANGIBLE FIXED ASSETS

COST
At 1 April 2021
Additions
At 31 March 2022
DEPRECIATION
At 1 April 2021
Charge for year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Other debtors
Prepayments and accrued income
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Social security and other taxes
VAT
Other creditors
Accrued expenses		 2022
£
15,339
37,000
5,458
57,797
2022
£
18,652
3,407
1,316
8,897
2,715
34,987		 Fixtures
and
fittings
£
10,584
6,300
16,884
3,956
4,221
8,177
8,707
6,628
2021
£
16,696
-
3,279
19,975
2021
£
14,356
4,439
1,651
12,303
2,637
35,386

15. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 2022
£
5,765
5,805
11,570		 2021
£
5,765
11,570
17,335

28

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Unrestricted funds
Core
IT Designated Fund
Other Fundraising Designated Fund
Centre repairs/renewals Designated Fund
I & A Resilience Designated Fund
Opportunity/Service Development
Designated Fund
COVID Risk/Recovery Management
Designated Fund
Adversity/income risk Designated Fund
Cessation contingency Designated Fund
Restricted funds
I & A Moondance
National Lottery - Community Foundation
I &A Track 2000
WCVA - Homecare+
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
Core
Homecare Plus - Designated
IT Designated Fund
Other Fundraising Designated Fund
Afan Nedd Home Delivery
Afan Nedd
Centre repairs/renewals Designated Fund
COVID Risk/Recovery Management
Designated Fund
I & A Warm Homes Benefit checks
Home Support Service
Restricted funds
Afan Nedd
I & A CAB Advicelink
I & A General
I & A Moondance
National Lottery - Community Foundation
I &A Track 2000
WCVA - Homecare+
Client Support Team
Dementia Pathfinder Service
NPT Funding/Enabling project
IPPS Project
Core - Restricted
TOTAL FUNDS		 At 1.4.21
£
170,194
15,000
64,224
17,000
80,000
85,000
20,000
30,000
85,000		 Net
movement
in funds
£
(5,556)
5,000
(26,417)
(17,000)
-
-
(20,000)
-
-		 At
31.3.22
£
164,638
20,000
37,807
-
80,000
85,000
-
30,000
85,000
566,418
30,864
26,490
14,326
36,227
107,907
674,325
Incoming
resources
£
88,744
54,592
-
-
15,282
14,077
-
-
6,015
43,422
222,132
11,714
25,900
20,000
-
-
-
-
10,564
43,027
18,696
70,116
2,841
202,858
424,990		 (63,973)
(28,886)
(26,490)
(14,326)
(36,227)		 502,445
1,978
-
-
-
(105,929 ) 1,978
(169,902 ) 504,423
Resources
expended
£
Movement
in funds
£
(94,300)
(5,556)
(54,592)
-
5,000
5,000
(26,417)
(26,417)
(15,282)
-
(14,077)
-
(17,000)
(20,000)
(17,000)
(20,000)
(6,015)
-
(43,422)
-
(286,105 )
(63,973)
(11,714)
-
(25,900)
-
(20,000)
-
(28,886)
(28,886)
(26,490)
(26,490)
(14,326)
(14,326)
(36,227)
(36,227)
(10,564)
-
(43,027)
-
(18,696)
-
(70,116)
-
(2,841)
-
(308,787 )
(105,929 )
(594,892 )
(169,902 )

29

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
Core
Homecare Plus - Designated
IT Designated Fund
Centre Kitchen Designated Fund
Centre Boiler Designated Fund
Restructure Costs Designated Fund
Grant Fundraising Officer Designated Fund
Other Fundraising Designated Fund
Afan Nedd
Centre repairs/renewals Designated Fund
I & A Resilience Designated Fund
Opportunity/Service Development
Designated Fund
COVID Risk/Recovery Management
Designated Fund
Adversity/income risk Designated Fund
Cessation contingency Designated Fund
Restricted funds
I & A General
I & A Moondance
National Lottery - Community Foundation
I &A Track 2000
WCVA - Homecare+
TOTAL FUNDS		 At 1.4.20
£
148,065
-
-
12,000
5,000
25,000
71,596
84,014
-
-
-
-
-
-
-
345,675
-
-
-
-
-
-
345,675		 Net
movement
Transfers
between
At
in funds
£
funds
£
31.3.21
£
187,495
(165,366 )
170,194
(7,546)
7,546
-
-
15,000
15,000
-
(12,000)
-
-
(5,000)
-
-
(25,000)
-
(9,068)
(62,528)
-
(19,790)
-
64,224
75,861
(75,861)
-
-
17,000
17,000
-
-
80,000
85,000
80,000
85,000
-
20,000
20,000
-
30,000
30,000
-
85,000
85,000
226,952
(6,209)
566,418
(6,209)
6,209
-
30,864
-
30,864
26,490
-
26,490
14,326
-
14,326
36,227
-
36,227
101,698
6,209
107,907
328,650
-
674,325

30

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Comparative net movement in funds included in the above are as follows:

Unrestricted funds
Core
Homecare Plus - Designated
Grant Fundraising Officer Designated Fund
Other Fundraising Designated Fund
Afan Nedd
Restricted funds
I & A Warm Homes Benefit checks
I & A CAB Advicelink
I & A General
I & A Moondance
WCVA
National Lottery - Community Foundation
I &A Track 2000
WCVA - Homecare+
TOTAL FUNDS
DESCRIPTION OF FUNDS
Unrestricted funds:		 Incoming
resources
£
321,247
62,786
-
-
144,860		 Resources
expended
£
Movement
in funds
£
(133,752 )
187,495
(70,332)
(7,546)
(9,068)
(9,068)
(19,790)
(19,790)
(68,999)
75,861		 Resources
expended
£
Movement
in funds
£
(133,752 )
187,495
(70,332)
(7,546)
(9,068)
(9,068)
(19,790)
(19,790)
(68,999)
75,861
528,893
12,981
25,903
17,719
31,064
68,742
66,880
15,000
52,172
290,461
819,354		 (301,941 )
(12,981)
(25,903)
(23,928)
(200)
(68,742)
(40,390)
(674)
(15,945)		 226,952
-
-
(6,209)
30,864
-
26,490
14,326
36,227
(188,763 ) 101,698
(490,704 ) 328,650

Core

This fund consists of general reserves held for the furtherance of the Charities aims and objectives.

IT Fund

This designated fund represents the monies spent to upgrade the Charity's IT system.

Centre Kitchen equipment service and upgrade fund

This designated fund represents the monies required to upgrade the kitchen equipment at the Afan Nedd centre.

Centre Boiler upgrade fund

This designated fund represents the monies required to upgrade the boiler and associated equipment at the Afan Nedd centre.

Restructure fund

This designated fund represents the monies put aside for any potential restructuring of the Charity's operations in the future.

Grant Fundraising Officer Fund

This designated fund represents funds designated to fund the costs of a grant fundraiser for 3 years.

Other Fundraising Activities Fund

This designated fund represents a fund designated to underwrite other funding efforts which it is hoped will generate unrestricted funding in future years. These are projects like community cafés and more legacy awareness. If the new projects are not self-sufficient and generating funds for the charity by 2022, they will be stopped.

Centre repairs/renewals Fund

This designated fund represents monies allocated as a contingency for repairs and renewals at the Afan Nedd Centre.

I & A Resilience Fund

This designated fund represents monies allocated to cover 12 months of salaries costs should specific funding not be obtained going forward.

31

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2022

16. MOVEMENT IN FUNDS - continued

Opportunity/Service Development Fund

This designated fund represents monies allocated to be used to help secure additional funding streams for the Charity and diversify income going forward.

COVID Risk/Recovery Management Fund

This designated fund represents monies allocated to put further safeguards and equipment in place to ensure the Charity mitigates the risk of Covid-19 going forward.

Adversity / Income Risk Fund

This designated fund represents monies allocated to cover any disruption in services in the future.

Cessation Contingency Fund

This designated fund represents monies allocated to cover any potential future redundancies and closure costs for the Charity should future funding not be obtained.

Restricted funds:

Information and Advice - Home Benefit checks

Funding to provide information and advice on income maximisation by securing benefits.

Information and Advice - CAB Advicelink

Funding for the provision of general information and advice services.

Information and Advice - General

Funding for the provision of general information and advice services.

Moondance

Funding to support I & A, providing information and advice.

NPTCBC Funding/Enabling project

I & A Enabling project - to support clients to re-engage into the community post Covid.

National Lottery Community Fund

Funding to support a Home Meal Delivery Service, providing hot meals to clients in need

Track 2000

I & A Officer funding to support clients to manage the challenges arising from COVID pandemic, such as bereavement, accessing basic supplies, securing benefits

WCVA Voluntary Services Recovery

Funding to initiate a new project to support clients by providing practical assistance at home

Dementia Pathfinder Service

Funding to help with memory assessment service.

32

AGE CYMRU WEST GLAMORGAN LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 MARCH 2022

17. RELATED PARTY DISCLOSURES

One of the trustees, N Fulford, is the managing director of Rethink PR & Marketing Ltd, the company that is used to manage the advertising and social media content of the charity.

18. ULTIMATE CONTROLLING PARTY

The ultimate controlling party of Age Cymru West Glamorgan Limited is the Board of Trustees collectively.

33

Acknowledgements

Age Cymru West Glamorgan would like to recognise the organisations below for their contribution to the work that we do. Without their generosity, we would not be able to achieve what we have over the past year or provide such a wide range of far-reaching services.

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Creating an age friendly Wales
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