West Glamorgan
Age Cymru West Glamorgan Limited Annual Report 2023-24
Content
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What we do and why we do it 3
Introduction from the Chair 4
Letter from the Chief Officer
Looking Ahead to 2024-25 5
Statistics 6
Our Vision 7
Our Mission 7
Our Values 7
Activities 8
Information and Advice Service 8
Enabling Project 8
Dementia Pathfinder Project 9
Advicelink 9
Lasting Power of Attorney 9
Home Support Service 10
Dementia Support Service 11
Case Studies 12
Dementia Support Service 12
Home Support Service 12
Volunteering 13
Financial Report 15
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Impact Report 2023-24
What we do and why we do it
“I’m so lucky that I’ve got someone like you to tell me everything, I wouldn’t know where to start’”
“This is the first call I’ve had where I’m really getting some help. What you’re telling me is exactly what I need…I can’t thank you enough for all you’ve done.”
“Age Cymru West Glamorgan has been a lifeline whilst waiting for Social Services to get back to us, you were the only ones who were able to support us during a really difficult time.”
“The service is excellent, thank you, you are helping me brilliantly.”
“Thank you so much for getting in touch and thank you for providing us with the useful information, it’s fantastic! I am feeling so much better knowing that there is so much support around. Thank you so much again, I am so grateful for your help, tips and advice.”
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Impact Report 2023-24
Introduction from the Chair
As we reflect on 2023-2024, I am filled with a deep sense of pride in what we have collectively achieved, despite starting the year under the shadow of daunting challenges. At the beginning of this period, we were navigating through what felt like an impossible path forward—financial pressures were at their peak, and the demand for our services had never been greater. Yet, our team of dedicated staff and volunteers, along with our resilient supporters, have turned the tide.
From those early struggles, we have not only stabilised but also expanded our services, ensuring that more older people across Swansea, Neath Port Talbot, and Bridgend are supported to age well and enjoy life. The determination to deliver essential services has been unrelenting, even as we faced difficult decisions along the way.
One significant area of progress has been the growth of our Information and Advice Service, which helped secure over £545,000 in benefits for older people, directly improving their quality of life. Our dementia support work has flourished, offering over 290 personalised support plans, and our Enabling Project has brought companionship and crucial support to those at risk of loneliness. These achievements are a testament to the dedication of everyone involved—our staff, volunteers, and, crucially, the communities we serve.
Yet, we cannot ignore the financial realities that underpin all that we do. Only 2.1% of our income last year came from individual donations. As we see other charities around us forced to close their doors, we are reminded of how fragile our financial situation can be. It’s vital that we tell our story and rally the community around our cause. Without the generosity of those we support, our broader community, and our
funders, our doors may not remain open to the thousands who rely on our services.
We are asking for your help to ensure that we remain a pillar of support for older people. Your donations are not just a gift—they are a lifeline. Every contribution strengthens our ability to serve those most in need. In a climate where resources are scarce, your support makes all the difference in ensuring that Age Cymru West Glamorgan can continue to thrive and adapt, supporting people through the toughest of times.
Looking ahead, our commitment remains as strong as ever. We have weathered storms and now, with renewed focus, we are expanding and evolving our services to meet the growing needs of older people in our region. However, this can only continue if we have the backing of our community— without this, the future will be uncertain.
I would like to extend my deepest thanks to everyone who has been part of our journey this year—our incredible team, our passionate volunteers, our trustees, and our generous supporters. Together, we are making a lasting difference. Let us keep that momentum going, so we can continue to be there for every person who needs us.
Thank you for standing with us.
Mel Rayner Chair of the Board of Trustees
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Impact Report 2023-24
Letter from the Chief Officer Looking Ahead to 2024-2025
As we report on another year, I am pleased to share that Age Cymru West Glamorgan has launched a fresh, ambitious strategy, designed to propel us into the future with greater resilience and impact. Central to this is our updated Vision and Mission statements, which have been shaped through significant input from our clients, team, and key stakeholders. This collaborative effort ensures that the voices of those we support remain at the heart of everything we do.
Reflecting on the year just gone, I feel a deep sense of relief to see this report end on such a positive note, especially considering the extraordinary challenges we have faced. This has been, without question, the hardest year since I took on the role of Chief Officer. Financial pressures, unprecedented demand, and the difficult decisions we had to make have tested us in ways we could never have imagined. Yet, through it all, we have emerged stronger and more focused on the future.
I am delighted to report that 2024-2025 is off to a very strong start, thanks in no small part to the generosity of our funders. With their continued support, we are looking ahead with optimism and are excited to be able to help even more people in the years to come. We are ready to grow, reach further, and deepen our impact across Swansea, Neath Port Talbot, and Bridgend.
our incredible team of staff and volunteers, whose dedication never ceases to amaze me. I am immensely privileged to lead such a committed and compassionate group of people who work tirelessly to make a difference in the lives of older people.
However, we cannot rest on our laurels. It is vital that we increase the number of individual donations to ensure our longterm survival. The last few years have been incredibly difficult, but we have survived. Now, it is time to shift our focus to telling our story, reaching even more people, and proving why Age Cymru West Glamorgan should continue to exist and why we deserve the community’s support.
Thank you for standing with us.
Connor James Chief Officer Age Cymru West Glamorgan
I must express my heartfelt gratitude to our dedicated Board of Trustees, who have remained steadfast through these incredibly tough times. Their resilience and guidance have been invaluable in keeping us on course. I also want to extend my sincere thanks to our funders—without whom we simply would not be able to do what we do—and to
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Impact Report 2023-24
We supported 211 5 people last year with 8219 contacts
Information and Advice
We assisted 1,685 people by effectively addressing 3,291 enquiries.
Footcare
Information and Advice
£545,280 in benefits were secured for our clients in Swansea, Neath, Port Talbot, and Bridgend.
Dementia Pathfinder Project
The Dementia Pathfinder project has positively impacted 189 people by providing personalised support plans that enhance independence, improve care, and promote well-being.
In collaboration with Swansea Podiatry, we assisted 180 clients in accessing a HCPC- registered footcare service.
Warm Homes Project
As part of the Warm Homes programme, we’ve supported 90 clients by providing free home energy checks and installing energy-efficient equipment, such as light bulbs and reflective radiator panels, to help reduce heating costs and make their homes more comfortable.
Dementia Support Service
We delivered over 900 hours of free inhome support to 52 individuals, promoting their well-being in a familiar environment while offering crucial respite for carers.
Lasting Power of Attorney
Our service empowered 114 individuals to appoint trusted decision-makers ensuring their wishes were respected and providing peace of mind for themselves and their loved ones.
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Our Vision
Our vision is that everyone in Swansea, Neath Port Talbot, and Bridgend is able to age well and enjoy life.
Our Mission
Age Cymru West Glamorgan is a local charity that delivers trusted, quality assured and person-centred support that promotes well-being and empowers people to age well.
Our Values
Age Cymru West Glamorgan’s values are to ensure that we C.A.R.E
Centred
We put our clients at the heart of everything we do, ensuring our services are relevant and appropriate.
Adaptive
We see the individual, delivering person-centred, quality-assured, and outcome-focused services.
Responsive
We listen, learn, and take action based on feedback.
Efficient
Donations are a gift; we constantly strive for efficiency and effectiveness to make sure nothing is wasted.
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Activities
Information and Advice Service
The Information and Advice (I&A) team has shown exceptional resilience and adaptability this year, navigating through challenges with a steadfast commitment to serving older people and their carers. Their efforts have culminated in significant achievements that underscore the quality of their service.
Throughout the year, the I&A team has provided support to 1,685 people, efficiently handling 3,291 enquiries. Their proficiency in welfare benefits has been instrumental in aiding clients to secure a total of £545,280 in benefits, which has had a profound impact on their lives.
The Information and Advice (I&A) team’s achievements this year have been significantly bolstered by the support of a dedicated team of volunteers. These volunteers have contributed their time, skills, and compassion, playing a crucial role in the team’s ability to serve older people in their homes. Their involvement has not only enhanced the capacity of the I&A team but has also brought diverse perspectives and experiences that enrich the service.
Of the 3,291 enquiries received; the following were the most common:
Benefits: Addressing 1,341 enquiries , the team has supported older people and their carers through the benefits system to ensure they receive the support they are entitled to.
Community Care: With 615 enquiries , the team has provided essential information on community services, enhancing the daily lives of older people and their carers.
Health Conditions: The team has managed 273 enquiries, offering advice on health management and access to healthcare services.
This year, the I&A team’s commitment to high-quality service was reaffirmed as they were reassessed for the Quality of Advice Standard, which they passed, highlighting the organisation’s dedication to excellence. This
accomplishment is especially noteworthy in light of the challenges faced, showcasing the team’s ability to uphold high service standards.
The team’s achievements this year are a reflection of their unwavering commitment to older people and their carers and the organisation’s mission, whilst also illustrating their vital role in supporting the community.
Enabling Project
With funding from Neath Port Talbot Council, the Enabling Project helps older people in the community to stay connected and avoid loneliness, especially after the impact of Covid 19 and the recent cost-of-living crisis. Between 2023 and 2024, we supported over 200 people in Neath Port Talbot with 350 issues. Additionally, we assisted our clients in securing more than £97,000 in benefits. This additional income enables our clients to cover their fundamental needs, such as food and heating, whilst also providing them the opportunity to participate in community activities.
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Activities
Dementia Pathfinder Project
The Dementia Pathfinder project, funded by the West Glamorgan Regional Partnership, has made a profound difference in the lives of those living with dementia and their carers. The personalised support plans have been pivotal in providing tailored assistance that resonates with the individual needs of each person.
These plans have been instrumental in helping individuals maintain a sense of independence and familiarity in their daily lives, which is crucial for their well-being. For carers, the support plans offer guidance and resources that enable them to provide better care, while also ensuring they have the support they need to manage their own well-being.
The impact of these support plans is evident in the 189 people who have benefitted from them, showcasing the project’s commitment to making a positive and lasting difference in the community.
Advicelink
In partnership with Citizens Advice Swansea Neath Port Talbot on the AdviceLink project, our staff and volunteers have supported 532 clients in accessing essential information and advice. With the combined efforts of our team, we’ve increased home visits, assisting clients with completing complex forms to secure necessary benefits. This dedicated work has resulted in the successful retrieval of over £158,000 in benefits that had previously gone unclaimed by our clients.
Lasting Power of Attorney
Our Lasting Power of Attorney Service is designed to provide an affordable and accessible way for people to appoint someone they trust to make important decisions on their behalf, should they ever need support in the future. This service is a key part of our commitment to empowering people to age well and plan for their future with confidence. Over the past 12 months, our Advisor has supported 114 individuals in preparing and registering 229 documents, ensuring peace of mind for them and their loved ones.
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Impact Report 2023-24
Activities
Home Support Service
Over the course of the financial year, our Home Support Service achieved remarkable outcomes for older people across Swansea and Neath Port Talbot. Our dedicated team of Home Support Workers provided over 2,000 hours of essential support to 75 clients, helping people transition from hospital back into their own homes and, crucially, stay out of hospital. This service played a vital role in promoting independence, well-being, and continuity of care, achieving life-changing results for those who relied on it.
By offering personalised care and support, we helped older people regain confidence, manage their health conditions at home, and avoid unnecessary hospital readmissions. The impact of this service was felt not only by the individuals we supported but also by local hospitals, as it directly alleviated pressure on the healthcare system.
Sadly, despite our best efforts, the spiraling costs of delivering this service, including rising staff salaries and a lack of sustainable funding, meant we were forced to make the
difficult decision to close the Home Support Service. Although we implemented a new delivery model the previous year, which saw some growth, it was not enough to secure the long-term viability of the service. Our team worked tirelessly to secure additional funding, but we ultimately ran out of time to keep this invaluable service running.
This has been a deeply frustrating and disheartening outcome for us, particularly given how many people in our community needed this support and the vital role it played in helping individuals return home from hospital. The closure of the service, announced in June 2023, marked a great loss to both our charity and the local healthcare system. However, our staff remained committed until the final day of service on 4th August 2023, ensuring the impact on clients was minimised during the transition.
While we regret the closure of the Home Support Service, we remain proud of the profound difference it made during its operation, and we continue to explore ways to support older people in our community.
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Impact Report 2023-24
Activities
Dementia Support Service
The West Glamorgan Dementia Partnership Project continued to build on its early successes throughout the last year, providing critical support to 820 clients across Swansea and Neath Port Talbot. This collaborative effort, spearheaded by Age Cymru West Glamorgan (ACWG), focused on delivering a seamless, holistic service with an emphasis on prevention, early intervention, and maintaining the independence of people living with dementia and/or their carers.
Established in October 2022, the Dementia Support Service was born out of a strong partnership between Swansea Carers Centre, Neath Port Talbot Carers Service, Citizens Advice Swansea Neath Port Talbot, and Care and Repair Western Bay. Funded by the West Glamorgan Regional Partnership, this twoyear initiative aimed to address the growing demand for comprehensive dementia support in the community.
The collaborative approach enabled each partner to contribute its own specialist services while ensuring that clients and carers could access the right help at the right time, without having to navigate multiple organisations. This centralised point of contact proved to be a major step forward in simplifying the process for people living with dementia and their carers, providing a unified, easy-to-access support system.
Age Cymru West Glamorgan led the coordination of this partnership and provided direct, practical support to individuals and their carers. We delivered over 900 hours of inhome support to 52 people, offering services such as respite for carers, assistance with household tasks, and help with managing essential matters like bills. This six-week practical support was especially crucial for families struggling to manage the demands of dementia, helping them stay on top of daily tasks and alleviating stress.
At Age Cymru West Glamorgan, our contribution has been both substantial and deeply personal. Our dedicated team of support workers ensured that those living with dementia, and their carers, received tailored, compassionate care at home. The practical support we offered directly contributed to better quality of life for our clients, helping them maintain their independence and preventing unnecessary hospital admissions. We take great pride in leading such a significant project and remain committed to improving the lives of older people living with dementia in our community.
In December 2023, we were pleased to announce that the West Glamorgan Regional Partnership Board extended funding for the project, recognising the positive outcomes it had achieved during its initial two years.
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Impact Report 2023-24
Case Studies
Dementia Support Service Case Study
Client had been recently diagnosed with Dementia and was often found wandering outside of her home at various times throughout the day and night. Client was non-verbal, but also did not use English as a first language, so communication was quite challenging on times.
Previously Client was being support by her family, who were alternating sleeping at Client’s home to assist with personal care, medication support and general safety, but due to some ill health, the family were beginning to struggle with their caring role. Thanks to the Dementia Support Service, Client’s family was able to take some time to rest and recover whilst also spending time with each other and their young family.
Initially the support request was a sitting service and to be company for Client, however due to ongoing health needs with the family, ACWG began to support with practical tasks.
It was noticed during the appointments, that Client was far less inclined to wander when she had company, and although she did not speak very much, she enjoyed the weekly visits from the Dementia Support Worker and began smiling and laughing along with conversations.
Client’s family were also very grateful that the household tasks were being completed as they felt that this was allowing them more time to spend with Client.
Client’s family described their Dementia Support Worker as a “flipping star!”
Home Support Service Case Study
Client was quite untrusting of strangers, especially in his own home and he very rarely left his home due to Agoraphobia.
Client joined the Home Support Service back in 2021 for 1 hour per week to assist with cleaning. Due to having Claustrophobia and several other mental health challenges, he was finding it difficult to control the buildup of clutter and maintain cleanliness in his home.
ACWG’s support provided Client with vital support to keep his home clean and clutter free, and throughout his time with us, his confidence grew. He became more sociable, often looking forward to his weekly visit and initiating conversation.
After a year of regular support, Client started to sit with the Home Support Worker for short chats, which evolved into them completing cleaning tasks together in order for them to have time for a cuppa and a chat at the end of each appointment.
After two years of support from ACWG, Client was going to a local café for breakfast, at least once a week, he was decluttering and cleaning areas of his home independently before the Home Support Worker arrived and had also been away for a week’s holiday by himself. He was also telephoning the office staff on a regular basis to keep us up to date with what he was doing and for a general chat.
The impact of the Home Support Service for Client was immense. Not only did we support him with practical tasks, but we were able to support and encourage him to rebuild his confidence and social relationships to better improve his mental health and wellbeing.
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Volunteering
We are incredibly proud of the growth and achievements of our volunteer community over the past year. Starting the financial year with just six volunteers, our dedicated recruitment and training efforts have led to a significant increase, bringing the total to 16 amazing volunteers by year’s end. This growth is particularly heartening in the wake of the challenges posed by the pandemic, and it’s a testament to the resilience and dedication of both our volunteers and staff.
At Age Cymru West Glamorgan, we have prioritised the development of high-quality volunteering opportunities. We ensure that every volunteer is supported with comprehensive training and ongoing guidance, allowing them to contribute meaningfully to our mission. Whether they are involved in administrative tasks, community outreach, or event support, our volunteers are at the heart of everything we do.
In 2023, we launched a major recruitment campaign in January, which saw the addition of six new volunteers to our Attendance Allowance Outreach service. This has allowed us to expand our reach into more isolated communities, making a tangible difference in the lives of older people who rely on our services. We are proud to have secured funding from the Rural Anchor programme, which helped support this expansion.
Volunteer Contributions
Throughout the year, our volunteers contributed over 700 hours to Age Cymru West Glamorgan, with their efforts directly supporting older people across Swansea, Neath Port Talbot, and Bridgend. Their dedication helped our clients access nearly £100,000 in benefits, a life-changing impact for many.
Volunteer Rural Information and Advice Network
The Volunteers Rural Information and Advice Network is a key initiative funded by the Swansea Rural Anchor programme. This project aims to bridge the gap in service provision for older people and their carers living in the more isolated rural areas of Swansea. Geographic challenges in these areas have traditionally made it difficult for older people to access vital services, and this project is designed to overcome these barriers by bringing our high-quality information and advice services directly to them.
Through this project, we recruit and train local volunteers to act as community ambassadors, delivering support within their own communities. This approach not only enhances access to services but also fosters a stronger sense of community and reduces our carbon footprint by minimising long-distance travel. Our outreach volunteers are crucial in helping us deliver preventative care and early intervention services, ensuring that older people can live independently for longer and maintain their well-being.
In summary, the Volunteers Rural Information and Advice Network
strengthens community ties, supports local economies, and plays a pivotal role in helping older people across rural Swansea access the benefits and support they need.
Photos taken during our celebration of Volunteers Week
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Impact Report 2023-24
Volunteering
Meet our Volunteers
Carole, Charity Support Volunteer
I worked for Age Cymru West Glamorgan for several years as Digital Inclusion Officer, HR Officer and within the Homecare Plus Project, and decided after retiring that I’d like to return and help out as a volunteer.
Because I’d already been part of the team, I was familiar with the work practices and roles of the charity and felt I could still give back to the community and the organisation.
I enjoy my role because it allows me to update my IT skills, I get to mix with likeminded people and help clients. I’m an older person myself and have empathy with clients who are struggling.
James, Volunteer Outreach Case Worker
I became an Age Cymru West Glamorgan volunteer after responding to an advert I saw online. I met with the team who are a very caring and friendly group, immediately felt comfortable and welcome.
I previously worked for Citizens Advice, helping people with many difficult issues. My role here at Age Cymru West Glamorgan allows
me to put my training to good use, with the knowledge gained in my previous role, helping me keep up to date with various changes in policies that have taken place over the years.
Volunteering also allows me to make a difference to people’s lives by providing them with help at a difficult time. I enjoy the fact I can help people and it helps me get out and meet people from different backgrounds which in turn, helps me with my social anxiety.
Enid, Information and Advice Volunteer
I became a volunteer with Age Cymru West Glamorgan having already been familiar with the charity and wanting to take on some volunteering duties. I had a wealth of welfare benefit information to share and wanted to do something useful.
My role brings great satisfaction when people receive successful benefit claims, and it’s great to see clients in a stronger position after we’ve helped them. I like meeting lots of new people through my role and I’m of an age to enjoy total empathy with older people. I like to think my age can be very positive to viewpoints of all age groups, including younger family members of those we support.
Photos taken during our celebration of Volunteers Week
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Impact Report 2023-24
REGISTERED COMPANY NUMBER: 07548947 (England and Wales) REGISTERED CHARITY NUMBER: 1140989
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
FOR
AGE CYMRU WEST GLAMORGAN LIMITED
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
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AGE CYMRU WEST GLAMORGAN LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity 1s 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 Itec Building 250 Carmarthen Road Swansea SA1 1HG
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AGE CYMRU WEST GLAMORGAN LIMITED REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
Trustees C Lawton M C Rayner M M Davies (resigned 14.4.23) N M Fulford C Jerrett (resigned 5.7.23) M S Vasquez (resigned 18.9.24) K Davies (resigned 14.8.24) M Ford A M Jobling S E Miller M Basha (appointed 24.7.24) Independent Examiner Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
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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 2024.
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 member of the Institute of Chartered Accountants in England and Wales, 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:
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accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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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
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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 in order to enable a proper understanding of the accounts to be reached.
Henry Lloyd-Davies The Institute of Chartered Accountants in England and Wales
Bevan Buckland LLP Ground Floor Cardigan House Castle Court Swansea Enterprise Park Swansea SA7 9LA
Date: 23rd October 2024
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AGE CYMRU WEST GLAMORGAN LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 15,656 Charitable activities 4 Older persons support and advice 110,256 Investment income 3 2,325 Other income 5 13,424 Total 141,661 EXPENDITURE ON Raising funds 6 - Charitable activities 7 Older persons support and advice 231,960 Total 231,960 NET INCOME/(EXPENDITURE) (90,299) RECONCILIATION OF FUNDS Total funds brought forward 280,852 TOTAL FUNDS CARRIED FORWARD 190,553 |
Restricted funds £ - 381,199 - - 381,199 - 402,388 402,388 (21,189) 26,666 5,477 |
2024 Total funds £ 15,656 491,455 2,325 13,424 522,860 - 634,348 634,348 (111,488) 307,518 196,030 |
2023 Total funds £ 50,637 489,831 698 11,497 552,663 (1) 749,569 749,568 (196,905) 504,423 307,518 |
|---|---|---|---|
The notes form part of these financial statements
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AGE CYMRU WEST GLAMORGAN LIMITED
BALANCE SHEET 31 MARCH 2024
| Unrestricted funds Notes £ FIXED ASSETS Tangible assets 14 5,076 CURRENT ASSETS Debtors 15 60,893 Cash at bank and in hand 150,281 211,174 CREDITORS Amounts falling due within one year 16 (25,697) NET CURRENT ASSETS 185,477 TOTAL ASSETS LESS CURRENT LIABILITIES 190,553 NET ASSETS 190,553 FUNDS 18 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 3,000 - 2,477 2,477 - 2,477 5,477 5,477 |
2024 Total funds £ 8,076 60,893 152,758 213,651 (25,697) 187,954 196,030 196,030 190,553 5,477 196,030 |
2023 Total funds £ 3,151 41,231 301,797 343,028 (38,661) 304,367 307,518 307,518 280,852 26,666 307,518 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
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AGE CYMRU WEST GLAMORGAN LIMITED
BALANCE SHEET - continued 31 MARCH 2024
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
............................................. and were signed on its behalf by: 23rd October 2024
............................................. M C Rayner - Trustee
The notes form part of these financial statements
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AGE CYMRU WEST GLAMORGAN LIMITED
| CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 Notes £ Cash flows from operating activities Cash generated from operations 1 (141,239) Net cash used in operating activities (141,239) Cash flows from investing activities Purchase of tangible fixed assets (7,800) Sale of tangible fixed assets - Net cash (used in)/provided by investing activities (7,800) Change in cash and cash equivalents in the reporting period (149,039) Cash and cash equivalents at the beginning of the reporting period 301,797 Cash and cash equivalents at the end of the reporting period 152,758 |
2023 £ (175,437) (175,437) - 4,328 4,328 (171,109) 472,906 301,797 |
|---|---|
The notes form part of these financial statements
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AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
1. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES
| Net expenditure for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Profit on disposal of fixed assets (Increase)/decrease in debtors (Decrease)/increase in creditors Net cash used in operations |
2024 £ (111,488) 2,875 - (19,662) (12,964) (141,239) |
2023 £ (196,905) 3,386 (2,158) 16,566 3,674 (175,437) |
|---|---|---|
2. ANALYSIS OF CHANGES IN NET FUNDS
| ANALYSIS OF CHANGES IN NET FUNDS | |||
|---|---|---|---|
| At 1.4.23 | Cash flow | At 31.3.24 | |
| £ | £ | £ | |
| Net cash | |||
| Cash at bank and in hand | 301,797 | (149,039) | 152,758 |
| 301,797 | (149,039) | 152,758 | |
| Total | 301,797 | (149,039) | 152,758 |
The notes form part of these financial statements
23 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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.
The current economic conditions continue to create uncertainty over the level of donations and legacies received.
During the year, the Charity restructured and made the decision to cease providing the Home Support Service, primarily due to spiralling operating costs caused by inflation and increased staff salaries, which were necessary to maintain organisational viability.
However, this strategic restructure, combined with securing new grants, has placed the Charity on a much firmer financial footing. Conservative cash flow projections indicate that we have sufficient resources to continue operating into the financial year 2026-2027.
Consequently, the Charity remains confident in its ability to adopt the going concern basis for preparing its financial statements and anticipates a stable year ahead in 2025-2026.
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.
continued...
24 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Income
Income agreement with Swansea Bay University Health Board regarding project 05DM (with Partners Citizens Advice SNPT, Care and Repair Western Bay, Swansea Carers Centre and NPT Carer) represents an agency agreement (whereby Age Cymru West Glamorgan receive the whole funding amount and distribute to partners on project) and the financial statements have been prepared in accordance with accounting standards on this basis. Gross income received from Swansea Bay University Health Board was £255,055 and £169,580 was paid out to partners. The income received in relation to project 05DM was £239,295. The balancing figure of £15,760 was received in relation to another project, Dementia Pathfinder.
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 cost 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 in order to write off each asset over its estimated useful life.
- Furniture & Fittings and Office Equipment 25% Reducing Balance
Assets greater than £2,500 will be capitalised.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Allocation and apportionment of costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable activites. 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.
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.
continued...
25 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
Fund accounting
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.
continued...
26 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
1. ACCOUNTING POLICIES - continued
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.
2. DONATIONS AND LEGACIES
| Donations Legacies 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 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 Garfield Weston National Lottery Moondance Foundation Age Cymru/Age UK Neath Port Talbot Council |
2024 £ 15,656 - 15,656 2024 £ 2,325 2024 £ 31,071 25,515 434,869 491,455 2024 £ 7,034 255,055 28,282 25,000 24,925 - 70,904 23,669 434,869 |
2023 £ 19,612 31,025 50,637 2023 £ 698 2023 £ 25,268 95,337 369,226 489,831 2023 £ - 241,264 26,936 - - 26,700 41,391 32,935 369,226 |
|---|---|---|
continued...
27 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
| NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 |
||
|---|---|---|
| 5. OTHER INCOME Gain on sale of tangible fixed assets Miscellaneous income |
2024 £ - 13,424 13,424 |
2023 £ 2,158 9,339 |
| 11,497 |
Other income received in 2023 includes room hire. There was no room hire income received in 2024.
6. RAISING FUNDS
Raising donations and legacies
| Staff costs CHARITABLE ACTIVITIES COSTS Grant funding of activities Direct (see note Costs 8) £ £ Older persons support and advice 443,126 169,580 GRANTS PAYABLE Older persons support and advice The total grants paid to institutions during the year was as follows: Care and Repair Western Bay Swansea Carers Centre Citizens Advice SNPT NPT Carers |
2024 £ - Support costs (see note 9) £ 21,642 2024 £ 169,580 2024 £ 43,360 44,975 36,270 44,975 169,580 |
2023 £ (1) Totals £ 634,348 2023 £ 145,358 2023 £ 47,360 32,424 35,214 30,360 145,358 |
2023 £ (1) |
|---|---|---|---|
7. CHARITABLE ACTIVITIES COSTS
8. GRANTS PAYABLE
continued...
28 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. SUPPORT COSTS
| Management £ Older persons support and advice 2,521 |
Finance £ 5,696 |
Support costs £ 13,425 |
Totals £ 21,642 |
|---|---|---|---|
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| Depreciation - owned assets Bad debts Other operating leases Surplus on disposal of fixed assets Independent examiners fee |
2024 £ 2,875 - 25,573 - 3,146 |
2023 £ 3,386 109 26,565 (2,158) 2,860 |
|---|---|---|
11. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
During the year ended 31st March 2024, no expenses were paid to trustees. There were payments regarding trustees' expenses of £137.70 paid in 2023.
12. STAFF COSTS
Key Management Personnel
| Emoluments (inc. pension contributions and benefits in kind) Staff costs Wages and salaries Redundancy costs Social security costs Pensions |
2024 £ 48,959 2024 £ 269,718 - 16,855 11,698 298,271 |
2023 £ 45,022 2023 £ 373,232 - 20,580 13,966 407,778 |
|---|---|---|
continued...
29 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
12. 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: | ||
|---|---|---|
| Management Administration Direct services |
2024 2 3 8 13 |
2023 2 3 18 |
| 23 |
No employees received emoluments in excess of £60,000.
| 13. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds £ INCOME AND ENDOWMENTS FROM Donations and legacies 50,638 Charitable activities Older persons support and advice 174,881 Investment income 698 Other income 4,310 Total 230,527 EXPENDITURE ON Raising funds - Charitable activities Older persons support and advice 452,121 Total 452,121 NET INCOME/(EXPENDITURE) (221,594) RECONCILIATION OF FUNDS Total funds brought forward 502,445 TOTAL FUNDS CARRIED FORWARD 280,851 |
Restricted funds £ (1) 314,950 - 7,187 322,136 (1) 297,448 297,447 24,689 1,978 26,667 |
Total funds £ 50,637 489,831 698 11,497 552,663 (1) 749,569 749,568 (196,905) 504,423 307,518 |
|---|---|---|
continued...
30 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
14. TANGIBLE FIXED ASSETS
| COST At 1 April 2023 Additions At 31 March 2024 DEPRECIATION At 1 April 2023 Charge for year At 31 March 2024 NET BOOK VALUE At 31 March 2024 At 31 March 2023 15. DEBTORS Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income Amounts falling due after more than one year: Other debtors Aggregate amounts |
2024 £ 44,691 - 2,702 47,393 13,500 60,893 |
Fixtures and fittings £ 11,541 7,800 19,341 8,390 2,875 11,265 8,076 3,151 2023 £ 16,269 8,591 2,871 27,731 13,500 41,231 |
|---|---|---|
continued...
31 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Social security and other taxes VAT Other creditors Accrued expenses |
2024 £ 15,142 3,481 - 3,757 3,317 25,697 |
2023 £ 9,557 4,887 3,491 17,131 3,595 38,661 |
|---|---|---|
17. LEASING AGREEMENTS
Minimum lease payments under non-cancellable operating leases fall due as follows:
| Within one year MOVEMENT IN FUNDS Unrestricted funds Core IT Designated Fund Other Fundraising Designated Fund Opportunity/Service Development Designated Fund Adversity Designated Fund Cessation contingency Designated Fund Restricted funds I & A Moondance Age UK Cost of Living CAP Project TOTAL FUNDS |
At 1.4.23 £ 106,974 17,942 15,936 25,000 30,000 85,000 280,852 16,666 10,000 - 26,666 307,518 |
Net movement in funds £ (65,274) (960) (24,065) - - - (90,299) (16,666) (10,000) 5,477 (21,189) (111,488) |
2024 £ - Transfers between funds £ 33,853 (16,982) 8,129 (25,000) - - - - - - - - |
2023 £ 5,805 At 31.3.24 £ 75,553 - - - 30,000 85,000 190,553 - - 5,477 5,477 196,030 |
|---|---|---|---|---|
18. MOVEMENT IN FUNDS
continued...
32 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Core Homecare Plus - Designated IT Designated Fund Other Fundraising Designated Fund NPT Funding/Enabling project Home Support Service Restricted funds I & A Warm Homes Benefit checks I & A CAB Advicelink I & A Moondance Dementia Pathfinder Service Age UK Cost of Living Dementia Partnership Dementia Partnership Project Management Dementia Partnership Help at Home HEC Home Energy Checks CAP Project Swansea Rural Anchor Fund I & A Lottery TOTAL FUNDS |
Incoming resources £ 61,405 31,071 - - 23,669 25,515 141,660 14,405 28,282 - 15,760 30,000 169,579 31,656 38,060 8,730 12,770 7,033 24,925 381,200 522,860 |
Resources Movement expended in funds £ £ (126,679) (65,274) (31,071) - (960) (960) (24,065) (24,065) (23,669) - (25,515) - (231,959) (90,299) (14,405) - (28,282) - (16,666) (16,666) (15,760) - (40,000) (10,000) (169,579) - (31,656) - (38,060) - (8,730) - (7,293) 5,477 (7,033) - (24,925) - (402,389) (21,189) (634,348) (111,488) |
|---|---|---|
continued...
33 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds Core IT Designated Fund Other Fundraising Designated Fund I & A Resiliance Designated Fund Opportunity/Service Development Designated Fund Adversity Designated Fund Cessation contingency Designated Fund Restricted funds I & A Moondance Age UK Cost of Living TOTAL FUNDS |
At 1.4.22 £ 164,638 20,000 37,807 80,000 85,000 30,000 85,000 502,445 1,978 - 1,978 504,423 |
Net movement in funds £ (57,664) (2,058) (21,871) (80,000) (60,000) - - (221,593) 14,688 10,000 24,688 (196,905) |
At 31.3.23 £ 106,974 17,942 15,936 - 25,000 30,000 85,000 280,852 16,666 10,000 26,666 307,518 |
|---|---|---|---|
continued...
34 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS - continued
Comparative 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 I & A Resiliance Designated Fund Opportunity/Service Development Designated Fund NPT Funding/Enabling project Home Support Service Restricted funds Change Fund - Appeals Officer Afan Nedd I & A Warm Homes Benefit checks I & A CAB Advicelink I & A Moondance Dementia Pathfinder Service Age UK Cost of Living Dementia Partnership Dementia Partnership Project Management Dementia Partnership Help at Home TOTAL FUNDS |
Incoming resources £ 74,782 31,298 - - 2,158 - - 22,435 99,854 230,527 (1) 7,187 10,050 26,936 26,700 15,760 10,000 145,358 43,719 36,427 322,136 552,663 |
Resources Movement expended in funds £ £ (132,446) (57,664) (31,298) - (2,058) (2,058) (21,871) (21,871) (2,158) - (80,000) (80,000) (60,000) (60,000) (22,435) - (99,854) - (452,120) (221,593) 1 - (7,187) - (10,050) - (26,936) - (12,012) 14,688 (15,760) - - 10,000 (145,358) - (43,719) - (36,427) - (297,448) 24,688 (749,568) (196,905) |
|---|---|---|
DESCRIPTION OF FUNDS
Unrestricted funds:
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.
Other Fundraising Activities Fund
continued...
35 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
18. MOVEMENT IN FUNDS - continued
This designated fund represents fund designated to underwrite other funding efforts which it is hoped will generate unrestricted funding in future years. These are projects like community café's and more legacy awareness. If the new projects are not self sufficient and generating funds for the charity by 2022 they will be stopped.
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.
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:
Age UK cost of living
Funding to support Information and Advice services.
Moondance Covid Relief Fund
I & A Enabling project - to support clients to re-engage into the community post Covid.
Swansea Rural Anchor
Volunteer project funding to engage in and benefit rural communities.
CAP Project
Community Assistance Project funding for volunteering and befriending.
Henry Smith
Funding for information and advice service expansion.
Transfers between funds
The transfers out of designated funds represent the Charity's spend of those funds within the main Core fund during the year.
The transfers into designated funds represent the Charity's future plans for allocation of its unrestricted resources.
continued...
36 Impact Report 2023-24
AGE CYMRU WEST GLAMORGAN LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
19. 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.
20. ULTIMATE CONTROLLING PARTY
The ultimate controlling party of Age Cymru West Glamorgan Limited is the Board of Trustees collectively.
37
Impact Report 2023-24
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.