REGISTERED CO￿ANy NUMBER: 03867751 (England and Wales) REGISTERED CHARITY NULIIBER: 1151397 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR COMMiiNITY & VOLUNTARY SUPPORT CONWY Williams Denton Cyf Chartercd Certified A¢countants Statutory Audiiors Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE COMMUNrrY & VOLUNfARY s[￿PORT CONWY CONTENTS OF THE FINAf4CIAL STATEMKNTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Trnstees Statement of Trustees, Responsibilities Report of the llldependent Auditor& Statement of FinAnelAI Activitie5 io Balance Sheet Cash Flow Statement 12 Notes to the C4sh Flow Ststement 13 Notes to the FinaDci41 Statements 14 to 38 Detsiled Statemellt of Financial Activities 39 to 40 co￿[￿1[￿Ty & VOLUNTARY st￿PORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the ¢harity for the purFrf)ses of the Companies Act 21)06. present their tYw>rt with the financTra] statements of the charity for the year ended 31 March 2024. Thc tswstees have adopted the provisions of Accounting and Reporting by Charities.. Statetnent of R￿Mmended Practice applicable to charities preparing their ccounts in accordance with the Financial Reporting Standard applicablc in the UK and Republic of Ireland (FRS 102) (eftective l January 2019). OBJEcfivES AIYD AcrtVlTIES Achievements and Performance 2023-24 has provcd to bc yet another busy year as our outstanding KPI results testify. Oncc more, although it was a year of LEn¢ertainty for many, we are proud th&L as always. CVSC support for volunteers and wmmunity organisations was a cast iron ￿rtainty! Our achievements this year included the following: - Funding obtained by organisations through sUp[￿rt from CVSC equalled £1,195,874.00. - Grant monies of £2.721,226 were distributed through our gra￿t schemes. - Number of different organisations sw)ported- 593 - The various governance issues around safeguarding and keeping everyone safe remained upperniost in twple's minds and were reflected in the work and ongoing support CVSC offered from on¢-tO-one suptKTrrt, sharing of g(K>d pra¢ti¢e through our Networks, to relevant training and inforniation upjates. - We suptDrt¢d the learning and skills development within the sector and provided accessible training courses. Network events and inforniation briefings online. - 152 Volunteers registsred on ihe Volunteering Wales website www.volunteering-wales.n - 168 Volunteers supported with their volunteering journey - CVSC Membership- 252 - Partnership Evcnt participants- 582 - Digital Training participants- 44 - Face to face Training participants- 92 The principal eore fijnding sources for CVSC for the Year Ended 31 Mawh 2024 were once again self-generated income from miscellaneous sourccs. The core fundiT]g for the charity is received from the Welsh Govemment however this represents a much smaller tYrtintagc of our total in(x)m¢ than has been the (wc in thc past. It is now down to just under 6/0 and therefore rcficcts the rx)sitive tK>sition the charity is in &s regards less reliancc on these core fijnds, and to increased fi]ture viability aT]d sustainability. The Tru8t¢eb arc mindfvl of still furthcr reductions in fi]nding from statutory agcncics given the cutrcTrt cconomic climate. Thcy are continuing io explore a nwnber of options lo ensure ￿ntinUed service to the sector. one of them being thc expanded utilisation of our &8tablished expertise in grant managcmcnt and also by working closely with willing statutory partners, delivering services that will address the increasing societal problems. e.& food povety. fvel poverty and swial isolation. PublÈ¢ bellefrt The trustees confirm that they have referred to the guidance contained in the Charity Commissionevs general guidance on public benefit when reviewing the charity's aims and objectives and in planning ￿tUre activities and setting the grant m¥&ing process. Grantmaking The charity has established its grdnl moking wblicy to achieve its objects for the public benefit. Page I COMMUNITY & VOLuNfARY SUPPORT cor4wY REPORT OF THE TRUSTEES FOR THE TrTAR EIYDED 31 MARCH 2024 FINANCIAL REVEEW Reserves poliey & Goittg Concern Reserves are needed lo bridge ihe gap between the spending and receiving of inc4)me and to cover unplanned expenditure. The Trustces are pleased that there is no longer a deficit on the Local Authority Pension fijnd and this is retlected in our Reserves. The current l¢v¢l of working reserves is comfortably alx)v¢ the minimum level slipul￿ed in our reserv¢s tM)licy for this period. The Trustees are also aW￿e that there is a tKitential future liability if CVSC were to terniinate the employment of stsff members who are part of the Local Authority Pension Fund. Th¢ c&8h outflows in the next 12 months are known and are included in the budgets for the 2024125 accounts. W¢ continue to benefit from the extra income slreams sOU￿¢d in previous years but we are always looking for additional streams going fonvard to ensure our sustainability. The tr￿%tee$ are not expecting to have to draw on the reserves to any great exlent this year and it is one of the st￿dIng items for the finance Su￿group to fomlulafr plans to ensure this continues. The trustees have reviewed the financial projection of the charity and consider adequat¢ r¢sources continue to be available lo fund the aclivities of the charity for the for¢s¢eable fijture. The trustees are of the view that the charity is a going concem. The trustees are aware that the level of ￿tUre core fvnding is likely to reduce therefore they will continue with the currently successful tK)licy of l(K)king to secure project income to reduce reliance on core tijnding. Expenditure during the year has again been closely monitored by the Trustees. Given the current economic climate and our cu￿ent reserves, the year-end tM)Sition is deemed to be satisfactory. In accordance with the recommendations set by the Charity Commission, CVSC has a Reserves Policy that covers: - The r&w)ns why CVSC needs rtsYrve8. - What level of reserves th¢ twslees believe the chaxity ne￿ts. - What steps CVSC has taken to establish or maintain reserves at the agr¢ed level - ArMigem¢nts for monitoring and reviewing the policy. All Grants are administered by us in acwrdancc with the Funding Code of Practice of the W¢lsh Govemmenl and the particular rules and regulations set by the org8nisation providing the funds. FUTURE PLANS We are committed to canying ihe message of sustainability to our groups, to improve the access and tske up of opwTrrtunities through collaknrative working and where apprOprI￿C a consortium approach. Opportunity Undoubtedly thcre will be other challenges ahead given the economic clitnate and the certainty of firther ciit5 to our nding. CVSC Trustees and th¢ Chief Officer are considering the strntegy going tonvard and are confident that CVSC will continue to deliver a comparable servi¢e to the sector in the forth¢oming year, and beyonLi Page 2 COMMUNITY & VOLUNTARY SUPPORT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, COVERNANCE AND MANAGEMENr Goverlling document The charity is Lontrolled by its governing document and constitutes a company limiied by guarantee, as defined in the Companies Act 2(Kl6. Reswnsibility for the control of CVSC'S activities and funds is that of CVSC'S Board of Trustcu, WFK) enswe thc inLomc of the charity As applicd for th¢ purw)ges sct out in the governing documents. It is the Trustees who make all decisions in relation to straiegy and budgets. CVSC"s Chief oificer, Llgan Owen, reports dircctly to the Board of TnLstres and is tEsrx)nsible for the day to day activities of the organisation. There are further lines of managemenvsuperyision within the organisation. organisaiion an Inlen]a] Financial Procedure document which is reviewed annually by the Trustees. Non-core projects submit quarterly financial rewrts to the Trustees. ihrough the Chief Officer. Our Mission CVSC will be a strong independent voice for voluntary action in th¢ wunty of Conwy and a hub for advice and support, disseminating infonnation and promoting best practice. Obje¢lives - To support the development of new projects which enhance ¢ommunity and volunt8ry action. - To be an effective conduit between public. private and third sector agencies in Conwy. These will ¢ontinue to be met by: Providing an aecessible and accurafr range of SUPFI)rt services lo enhance the development and effettiveness of voluntary and o)mmunity action. Identifying thc views of a broad range of voluntary groups and representing those vA¢ws to decision makers thlls leading to effective outcomes and partnerships. - Assisting in the provision of an effective volunteering service. - Participating in local partnerships and strategies and encouraging joint workin& - Fulfilling recognised organisalional standw Non-tore Projeets A number of projects oimle under the wing of CVSC. These projects delivcr speciaiist services and o￿ate under suitahle titles to reflect these service& Projects are self-finanLing and tKIt all activity is dirccted towards achieving core objectivcs. Recruitinent #ppointmellt of new trustees 'I'nislces are appointed in accordancc with the (x)mpany's gnveming documents. Tti]stees retire by rotation at the AnnL General Meeting (AGM), and proposals for r¢-appointmcnVrepla(tmcnt are invited from voting members. The company's trusÉLX may appotni additional trusitt8 but a trustee so ap￿anted shall hold offic¢ only until the following AGM. If not apw)inted at the AGM the person will vacate oiftce at the conclusion of the m¢etin The Chair and Vice-chair are elected by thc Board of Trustees and hold office for 12 month& The Trust￿ issued with an 'induction tyack,. which contains dethils of the roles & responsibilities of trustees, a copy of the company's governing documents, copies of internal monitoring and control d(Kuments. poli¢ies gJ)d full inforniation about the company's operations. Key m*n&gem¢n¢ remuneralion The Key Manager has been aptKTrinted in line with CVSC'S Recruitment Policy. The SaJ￿ is 5¢t as the Nationa] Joint Council for Local Government Services pay s¢a]es for that level of Manag¢menL There was a pay in¢rease applied this year in line with the NJC pay award for all staff, there were no addition￿ benefits. Page 3 COMI￿uNITy & VOLuNfARY sL￿PoRT CONWY REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AtID MANAGEMENr Risk managemenl The Trustees have a duty lo identify and review the risks to which the charity is extK)sed and to ensure appropriate controls are in place to provide re&sonable assurance against fraiid and error. The Board has developed a risk management proces& which involves the trustees 8J)d slaff member8. All currently identified risks in pursuance of achieving our key objectives have been assessed and the trnstees are satisfied with the systems adopted to alleviate those risks. Part of the pro¢¢ss is lo review ihe risk assessment on a regular basis. This process includes the review of Home Working policies. REFERENCE Af4D ADMINISTRATIVE DETAILS Registered CompAny number 03867751 (England and Wales) Registsred Charity number 1151397 Registered 7 Rhiw Road Colmyn Bay CONWY LL29 7TG Trnstees Mrs M Kelly Mrs M Trinder (Chair) Councillor E Rolkns (appx)inted 15.8.23) Councillor M Priestley Mr8 S Milbum (nee Davies) Ms S Jones {resigned 21.10.24) Ms J Tgnn Mrs D Fisher Raired (appointed 1.6.23} Mrs C M Humphreys Baroness {apwinted 15.8.23) Mr B E Watson {appointed 1.6.23) Key Lllanagement: Mr Elgan Owen- Chief Ex¢¢utive Officer Company Se¢r¢tary MrDEOwen Audittk Williams Denton Cyf Chartered Certified Accountants Statutory Auditors Glaslyn Ffordd y Parc Parc Menai Bangor Gwynedd LL57 4FE Approved by order ofthe Ix)ard of trustees on ........ . . ... ....... . . and signed on its l)ebalf by: Page 4 COMMUNrrY & VOLUNTARY SUPPORT CONWY REPORT OF ThE TRUSTEES FOR THE YEAR ENDED 31 TrL4RCH 2024 Mrs M Trinder (Chairj- Trnst¢e Page 5 COMIIWP41TY & VOLUNfARY SUPPORT COLYWY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The truste￿ (who arc also the dIr￿￿oIS of Community & Voluntury Support c.onwy for the purEK)scs of COM￿MY law) are res]x)nsible for preparing thc Rq)ort of the T￿￿teeS and the linancial statC￿eTrts in accordance with applicabl¢ law and Unitcd Kingdom Accounting Standards (Unitcd Kingdom Generally A¢¢epted Accounting Prartice). Company law ￿qUireS the trust￿% to pr¢par¢ financial statements for each financial y¢ar which give a tru¢ and fair vi¢w of the state of affairs of the charitable company 8ftd of ihe incoming resources and appliration of resources, including the income and expenditur¢, of the charitable company for that period. tn prep￿Ing those tinancial statements, the twslees are required to se1￿1 witable aceounting policies and then apply them consistently; observe the methods and principles in the ch￿tty SORP. make judgements and estimates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that thc charitable company will continue in business. The trustees arL- r¥swnsAble for keeping propcr aLLM)unting records which disclos¥ with r&gsonable accUr￿Y at aJ)y time thc financial p)sition ot the charitablc company and to enablc them to ensure ihat the financial btatemenLs comply with Ihe Companies Act 2(M)6. They are also resrx)n8ible for safeguardityd the a&s¢ts of the charilable company and hence for taking rcasonable steps for the prevention and detection ot fraud and othcr irregularities. tn so far &8 the trustees are aware: there is no relevant audit infomlation of which ihe charitable company's auditors are unaware. kmd the trustees have taken all steps that they ought to have thken to make themselves awa￿ of 8ny relevant audit inforniation and lo establish that the auditors are aware of Ihat inforniation. Page 6 REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF COMMUNITY & VOLUNTARY SUPPORT cor4wY Opinion We have audited the fit)aneial statements of Community & Voluntary SuppN)rt Conwy (Ihe 'charit8ble company,) for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance SheeL the C&8h Flow Siatement and r￿leS to the financial statements, including a summary of significant accounting Folicies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom A¢¢ounting Standwds (United Kingdom Generally Accepted Acwunting Practice). In our opin&on the financial statements.. give a true and fair view of the ststc of thc charitable company's affairs as at 31 March 2024 and of its incoming resour￿ and application of resourccs, including its income and exrthditure, fr)r the year thcn ended; hayc bcen properly prcpared in acc4)rdance with lJnited Kingdom Generally Acccptcd Ac(xiunting Prnctice. and have been prepared in accordance with the requirements. of the Companies Act 2¢M)6. Basi5 for opinio We conducted our audit in accordance with International sL9nd￿ds on Auditing (UK} (ISAS (UK)) and applicable law. Our responsibilities under those standards hre fijrther described in the Auditors, rcswnsibilitiag for the audit of the fiT)ancial statemenL8 sttlion of our We are independcnt of the charitable company in accordance witb the ethical requirements that are relevant to our audit of the financial statements in thc UK, including ihe FRCS Ethical Stand8JKL and we have fulfill¢d our other ethical resrK)nsibilities in accordance with these requitEm¢nts. We klieve that th¢ audit evidence we have O￿ained is sufficient and appropriate to provide a b&%1$ for ow opinion. Conclusions relating to going t0￿cern In auditing the financia] sL*ments, w¢ have ¢on¢luded that the trustees, us¢ of the going concern basis of accounting in the preparntion of the financial statemenls is appropriate. B&sed on the work we have perfornied, we have not identified any materiaÈ uncertainties relating to ¢vents or conditions tha( individua]ly or c()Ilectiv¢ly, may &qsl SI￿lfIcant doubt on the charitable company's ability to continue &s a going concem for a period of at least twelve months from when the financial statements are authorised for issue. Our reS￿nSIbIlItieS and the resw)nsibilities of the trustees with respect to going concern are described in the relevant sections of this rerrt)rt. Other inforniation The trustees are resF¥)nsible for the other inforniation. The other inforniation comprises the inforn)ation included in the Annual R¢p)rL other than the financia] stslements and our Report of the Independent Auditors thereon. Our opinion on the financial statements does not Cover the other inforniation and, except to the extent oth¢rwis¢ explicitly statal in our wc do r￿t express any fonn of assurance eonclusion thercon. In connection with our audit of the financial statements, our responsibility is to read the oll￿r information an(L in th)ing so, considcr whether the other iT]forn]ation is malerially inLonsislent with the financial statements or our knowledge obtained in th¢ audit or otherwise app¢ars to bc materially mib6tst¢(L If wc identify such matcrial in(x)nsistencies or apparent material misstatemcnts, we are required io determine whether this gives rise to a material mi&statement in the rinancial statements themselves. If, based on the WO￿ wc have perfom)ed, wtr conclude thai therc is a material tnisststemenl of this other information, we orc Tcquircd to report Éh& Fact. Wc have nothing to in this regard. Opinions on other matters prescribed by the Companie5 Act 2(M)6 In our opiruon, based on th¢ work- undertaken in the coursc of thc audit: thc inforniation given in the RqK)rt of the Trustees for thc financiaj year for which the financial statements are prepared is consistent with the financial statements; and thc Re￿rt of the Trustecs has been prepared in accordance with applicable legal requirements. Pag¢ 7 REPORT OF ThE INDEPENDENT AUDITORS TO THE MEMBERS OF COMNWNITY & VOLUNTARY SUPPORT CONWY Matters on which we are required lo report by exception In the light ot the knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material missthtements in the R¢wrt of the Trustees. We have nothing to rery)rt in respect of th¢ following matters where the Companies Act 2006 requires us to rep)rt to you if, in our opinion.. adequale accounting ttcords have not been kept or r¢tums adequate for our audit hav¢ not bccn reccived from branches [￿t visited by us. or the financial statements are not in agreenient with the accounling records and returns; or certain disclosures of trustees, remuneration sp￿lfied by law ￿e not made. or we have not received all the inforniation and explanations w¢ require for our audiL or the trust￿ were not entitled to take advantage of the small wmpanies exemption from the requirement lo prepare a Stratgic RetM)rt or in preparing the Report of the Trustees. Responsibilities of trnstees As explained more fully in the Statement of Tr￿te¢s, R¢S￿nsIbl11tie& the trustees (who are a]so the directo￿ of the charitable company for the purws¢s of company law) are resp)nsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such intemal control as the trustees det¢rn)ine is necessary to enable the preparation of financial statements that are free from material misstatement. whether due to fraud or error. In preparing the financial statements, the tr￿$treS are respx)nsible for assessing the ¢haritable company's ability to continue &$ a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of ￿￿UntIng u￿e$S the trustees either intend to liquidate the charitsble company or to cease o￿atIOns, or have no realistic alt¢mativ¢ but to (lo so. Our responsibilities for the #udit of ihe finaneial statements Our objectives to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatemenl. whether due to fraud or error. and to issue a Rep)rt of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit ¢onducted in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the awegale, they could reasonably be expected to infiuence the econolnic decisions of users taken on the basis of th￿ tinancial statements. The extent to which our procedures are Capable of detecting irregularities, including fraud is detailed below.. We gained an understanding of Ihe legal gnd regulatory framework applicable to the company and the industy in which it operates, and considered the risk of acts by the company that were Contrary to appIl￿ble laws 8J)d regulations. including fraud. We designed audit procedures to reswnd to the risk, recognising that the risk of not detecting a material misststement due to fraud is higher than the risk of not dctecting one resulting from error, as fraud may involve deliberate ncealment by) for example, forgery or inientional misrepresentations, or through collusion. We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to. the Companies Act 2006 and tax legislation. Our tests included a￿e¢l￿g the fmancial statement disclosures to underlying sup￿rting documentation, enquiries with management and enquiries of legal counsel. There are inherent limitations in Ihe audit procedures described above and, the ￿rther removed non-compliance with laws and regulations is from the events and transactions reflected in the fin9J)¢ial statements. th¢ less likely we would become aware of it. We did nol identify any key audit matters relating to irregularities, including Iraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluatkiig whether there was evidenct of bias by the directors that represented a risk of materia] misstatcment due to fraud. A ￿rther description of our responsibilities for the audit of the fin8ncia] statements is located on the Financial Rep)rting Council's w¢bsite at www.frc.org.uklauditorsresp)nsibilities. This description forms part of our R¢port of thc Independent Auditors. Page 8 REPORT OF THE INDEPENDELNY AUDITORS TO THE MEMBERS OF COMMUNrrY & VOLUNTARY SUPPORT COP4WY Use of our rtport This rewrt is made solely to the charitable company's memb¢rs, as a body, in accordance with Chapler 3 Df Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to st* to them in an auditors, reFK)rt and for no other purpose. To the fullest extent pemiitted by law, we do not accepl or assume reSt￿nsIbIlity to anyone other ihan the charitable company and the Ch￿itable company's members as a body, for our audit work. for thts reEM)rt, or for the opinions w¢ have fornied. Martin Steven (Se r Statutory Auditor) tor and on behalf of Il'l s Denton Cyf Chartered Certified A¢count8nts Stalutory Auditors Glaslyn Ffordd y Pa Parc Menai Bangor GNNynedd LL57 4FE Page 9 COMMUNITY & VOLUNTARY SUPPORT CONWY STATEMENT OF FINANCL4L AcrtvrriES {ILYCORPORATtNG AN If4COME ALYD EXPENDITURE ACCOUNTI FOR THE YL4R ENDED 31 MARCH 2024 2024 Total funds 2023 Total fwids Unrestricted fw)ds Restricted nds Endowment fijnd Notes INCOME AIYD ENDOWMEP4TS FROM Charitable activities Grant Income 321833 3,201,374 3,526207 2,865,750 Other trading activities nv¢stment income 23,143 19,790 175 23J18 19,790 40,579 3,843 Tolal 367,766 3,201,549 3,569,315 2,910,172 EXPENDrfuRE ON Charitable adivities Charitable Expenditure 350,072 3,175,874 3J25,946 2.701,679 Other 35,976 35.976 108,004 Tot*1 386,048 3,175,874 3,561,922 2,809,683 NET INCOMEI(EXPENDfTURE) Otber recognised gains/(losses} Actuarial gains on defined ben¢fit schemes (18282) 25,675 7J93 100,489 287,OIM) 287,000 670,000 Net movement in funds 26&718 25,675 294J93 770.489 RECONCILIATION OF Total fi]nds brought fotward 8IS,978 2,121,307 2,937285 2,166,796 TOTAL FUNDS CARRIED FORWARD 1,084,696 2,146,982 3231,678 2,937,285 The notes form part of these financial siatements Page 10 COMI￿[￿lTy & VOLUNTARY SUPPORT COMVY BAL4NCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total nds Unr¢stri¢ted funds R￿trIcted funds Endowment fund Noles CURRENT ￿ETs Debtors Cash at bank and in hand 12 77,536 394,104 77J36 2,582,434 100,070 3.094,750 2,188JJO 471,640 2,188J30 2,659,970 3.194.820 CREDITORS Amounts falling due within one year 13 (25,944) (41J48) (67292) (714.535) LYET CURREwf ASSETS 445,696 2,146,982 2,592,678 2.480285 TOTAL ASSETS LESS CURRENT LIABILITIES 445,696 2,146982 2,592,678 2,480.285 PENSION ASSET 15 639,OIKI 639,000 457.000 NET ASSETS 1,084,696 2,146,982 3231,678 2,937,285 FUNDS Unrestricted funds Restricted funds 14 1,084,696 2,146,982 815,978 2,121,307 TOTAL FUNDS 3231,678 2,937,285 These financial statements have been prepared in accordance with the provisions applicable to awithble companies subjecl to the small compani¢s regime. The ¢1 statements w¢re approved by the Board of Trust¢¢s and authorised for issue . and were signed on its behalf by: on Mrs M Trinder (Chair) - Trustee The notes fonn part of these financial statements Page 11 COMMUNITY & VOLUNTARY SUPPORT CONWY CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash tlows fn)m opernting adiviti C&sh generated from operations (532,106) 69,793 Net ca8h (used in)Iprovided by 0￿ratIng activities (S32,1(￿) 69,793 Cash Ilows from investing activities Interest received 19,790 3.843 Net provided by investing activities 19,790 3,843 Change eash and tash equivalents Èli the reporÉing period Cash and eAsh equivalents at the beginning of the reporting period (512,316) 73,636 3,094,750 3,021,114 Cash and ea5h equivalents at the end of the reporting period 2582,434 3.094,750 The notes forni part of these financial stateTnents Page 12 COMTriuiirrY & VOLUNTARY SUPPORT CONWY NufES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 IWCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FiLIW FROM OPERATtNG A￿1VITIEs 2024 2023 Net income for the reporting period (os per the Ststement of Financial Activities) Adjustments for: Interest ttceived Decre&sel(increase) in debtors D¢¢rease in creditors Difference between pension charge and cash contributions 7,393 100,489 (19,790) 22,534 (647,243) 105,01)0 (3,843) (23.688) (105,165) 102,000 N¢t ¢4sh (used in)Iprovided by operations (532,106) 69,793 ANALYSIS OF CHANGES IIY NET FUNDS At 1.4.23 C&sh flow At31J.24 Net cash Cash at bonk and in hand 3,094,750 (512J16) 2,582,434 3,094,750 {512J16) 2582,434 Totsl 3,094,750 (512J16) 2J82,434 The notes fomi part of these financial statements Page 13 CollI￿lTy & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCL4L STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 AccoiNfING POLICIES Basis of preparing the financial statements The financial statements of the ¢haritabl¢ company? which is a public benefit entity urtder FRS 102, have been prepgred in aco)rdance wilh the Charities SORP (FRS 102} 'Accounling and Reporting by Chariti¢s.' Staiem¢nt of Rw)mmended Practice applicable to chwilies preparing their accounts in accordance with the Financial Rew)rting St9nthd applicable in the UK and Republic of Ireland (FRS 102) (effective l Janu9ry 2019),, Financial Reporting Sthndard 102 'The Financial Reporting Stattdard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stat¢m¢nls have been prep￿ed under the hislorical cost convention. All income is reco￿]Sed in the Siatement of FingJ)cial Activities once Ihe charity has entitlement to the funds it is probable that the income will b¢ received and the amount be measured reliably. Expendithre Liabilities are reco￿]sed as expenditure &$ soon as there is a legal or constructive obltgalion Committing the charity to that expenditure, it is probable a transfer ot economic benefits will be required in sertlement and the amount of the obligation ¢an t¢ measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that wegate all cost related ￿ the category. Where costs cannot directly attributed to particular headings have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which hav¢ not been met at the year end date are noted as a commitment but not a￿Ued as expenditt]re. Allocation and apportionment of Costs Certain expenditure is directly attributable to spe¢ifi¢ a¢tivities and has been in¢luded in those cost ￿tegOrieS. Certain other costs. which gre attributabl¢ to more than one activity, are apwrtioned across cost categories on the b&sis of an estimate of the proportion of time spent by statyon those activities or estimated usage. Taxation The charity is exempt trom cor￿ratIOn tax on its charitable activities. Fund oe¢ounting Utvestri¢t¢d fund8 can be used in accordan¢¢ with the charitable obje¢tives at the discretion of the tn￿tees. Restricted fvnds only be used for p8rti¢ular r¢stricted purposes within the objects of the charity. Restrictions arise when specified by th¢ donor or when fvnds are raised for particul￿ restri¢led puws. Pettslon costs and other post-retirement benefits The charity Operat￿ a funded defined benefits scheme providtng benefits based on final retnuneration. The assets of the scheme are held separately from those of the charity. Going concern The finan¢ial statements have been pr¢pared on a going concern basis. The trustees are satisfied that th¢ charity h&8 the necessary funds tt) meet day to day working capitsl requirements. The financial p)sition of the charity is reviewed regul￿lY at trustees meetings. The twst¢es consider it appropriate to prepare the charity's finan¢ial statements on a going concern basis. Page 14 continued.-. COMMUNITY & VOLUNfARY SUPPORT CONWY NOTES TO THE F￿ANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 OTHER TIL4DING ACTIVITIES 2024 2023 Social lott¢ri¢s Miscellanfx)us Income Desk Spxd Proje¢l Management 1,903 2,575 18,840 2,103 3,268 35,208 23J18 40,579 IIWESTMENT INCOME 2024 2023 tkposil ￿coUnt interest 19,790 3,843 INCOME FROM c￿lRITABLE ACTIVITIES 2024 2023 Activity C&sh 4 Yotrth Gwynt Y Mor Community Car Scheme Rhyl Flats Offshore Wind Farn] Community Fund CORE 965,697 890,445 20.738 106,627 244,626 44,000 193,333 80.0(K) 40,059 244,856 1,650 208,557 777,212 8,198 5,450 118,710 324,834 Engagement Comic Relief Community Car HSCF Grants Adtnin Helping Fomilies 65,373 Clocaenog Grants Amdani Youth Led Grants Voluntary Sector Ca￿lty Building Fund 8n,018 51213 5,726 889,122 3,526207 2,865,751 Page 15 continued... COIVIMUMTY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 CHARITABLE AcfiviTIES COSTS Grant funding of activities (see note 7) Support osts (see note 8) Direct Costs ToLgls General Amdani Community Car Scheme Clocaenog Grants Community Hub Grants A(Imin Gmynt Y Mor HSCF HSF Staff Scheme Rhyl Flats Grant Fund Volunthry Sector Capacity Building Fund Youth Led Grants 356,083 45,153 356,083 49.408 15,425 778,496 63,042 188,867 1,091,880 40,660 2,113 98,930 834,866 6,176 4,255 15,425 778,496 63,019 185,637 23 3230 1,091,880 40,580 80 2,113 98,930 745,744 6.176 89,122 398,OYd 2,721,226 406,682 3,525,946 GRANTS PAYABLE 2024 2023 Charitable Expenditure 2,ni226 2,009,302 Page 16 conlinu¢d... COMMUNITY & VOLULYTARY SiIPPORT COP4WY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 GIL4NTS PAYABLE. continued The total grants paid to institution5 during the year was as follows: 2024 2023 LlandudtK) Junction Comm Club St John's Ambulance Cymd¢ith&s Cymuned ac leu Bro Aled Llandudno Fc in the Community 'rv Conwy NWREN 201 lo,￿1 60.960 13,651 Conwy Connect Prom Ally Llandudno Vicloria Extravaganza Abergele Comtnunity Action PenmacTJmawr Phoenix FC Colwyn Bay Suit Ltfesaving Club Tenovus Cancer Care Kinmel Bay and Towyn Sports & Recrealion Association Kind Bay Initiative Ruthin Footbatl Club Hope House Warm Wales Age Connects NW Central Adferiad ￿0Very Cgnolfan Dewi Sani Conmy Mind Eglwys y Cwl Mawr Dinbych (Baby Basics DC) EM￿wer- Be The Change Tros Gynnal Plant 1st Penmaenmawr Brownies Maes-G Showzone Si Martins Church, Eglwysbach The Es(xpe Artists North Wales Ltd Bylchau Parish Memorial Hall CAB Conwy Ccrrig y Drudion Sports Association Cl¢ar Village Clo¢aenog Rcd Squirrel Trust Clocsmyr Conwy Clwb Peldttkd Llannefydd Clwb Rygbi Nant Conwy Clwb Rygbi Rhuthun Clwb 1'alhaiarn Corw¢n Town Council Cwmni Urdd Gobaith Cymru Cymdeithas Ddrama Uwchaled Cymdcithas Rhicni ac Athrawon Pentr¢foelas Cyngor Cymdeith&s Aberchwiler Cynnig Dangerpoint Derwen Sports & Gymkhana Eglwys y Capel Mawr Genod Henllan F(Kptbll Club Graig MorgoJ) Cyf Llanbenwch Ltd 1,605 12,0(M) 75,765 27J90 (1.996) 16.833 11,717 20.451 5,328 17219 2,400 57,840 3.120 5.071 43,240 12,000 10,000 17,800 6,421 10,000 I,ooi 15,930 3,IK>O 29.716 30,012 9,889 IS,(￿0 9,999 8.4 28.750 80,￿0 3,450 15.380 1,806 2,768 1.506 2,040 63277 857 24040 36,802 24,221 70,000 Page 17 continued... COM1IWN￿y & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATELIIENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE- continued Llandrillo Community centre Llandrillo Cummunily Council 3,692 1,21M) Llangollen Foodshar¢ 10,000 Llew Gwyn cerr1￿dn￿10n Ltd 69,960 Making Sense CIO 45000 9,920 Merched y wa￿ Cangen Derwen ar Cylch 930 Mr Gareth Wyn Jone8 8,549 N¢uadd Eleanor Village Hall 13,707 Neuadd Plwyf Llannefydd Adnewyddu 52,929 North Wales Towism 10,000 Prion School Private Fund 25,282 Resour¢¢ Denbighshire 23,988 Ruthin & District Civic Association 4,000 St John Ambulan¢e Cymru 9,270 Studiomade Creative Ltd 20,000 The Crown Inn and Catnpsite Ltd iO,(K)O The Denbigh Workshop 6.000 The Denbighshire & Flintshire Agri¢uitural Society Ltd 7,849 Wa]es National Sheepdog Trials 2023 Page 18 ntinued... COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCL4L STATEMENtS - continued FOR THE YEAR ENDED 31 MARCH 2024 G114Nfs PAYABLE- Continued Young Enterprise 2.842 Youth Shedz 45,(M)O 11,250 Ysgol Bro Al¢d, Llansannan 9.(kn5 AEtrgele Community Aaion 9.930 Benefits Advi¢¢ Slw)p 23,263 Bethesda FC Juniors 5.453 Brighter Futures 9,842 Canolfan D¢wi Sant 12,306 Coast Community Radio IOJ02 Corris After S¢hool Club 10,(K)o Corwen Cricket Club 7,923 Cycling 4 All 9,906 Cyl¢h Meithrin Brain Bach Bryngwran 5,021 Cylch melthr1￿ Llangcfni 10,000 Drosi Bikes 9.771 Haven of Light 9,993 Kinmel Bay Youth Shedz 9.975 Mudiad Ysgol Feithrin y Felinheli P￿¢ 19 cimtinu¢d... COMLIIUNITY & VOLuNfARY SUPPORT CONWY IYOTES TO THE FINANCL4L sTATE￿￿NTS- continued FOR THE TrIAR ENDED 31 MARCH 2024 GRANTS PAYABLE- continued 4,776 RSPCA Wesl Gwynedd Brat 7,122 Sistema Cymm Codi'r To 9,980 Wr&xham Youth and Play Partnership 10,000 Aberconwy care&share iOJ80 23,526 Aberconlry Domestic Abuge Service 8283 2,460 Akrgele Mens Shed 2,101 17,362 Abergele Town Council 10,785 All About the Kids Childcare BCDHB Motiv8 3,786 B¢tws-ym-Rhos Bowling Club 4,000 Borough Conwy Chamber of Trade 11,000 C8mbrian Rally 10,000 Clwb Tractor DYffi￿ Conwy 1,000 Clwyd Community Theatre Association 1,000 Colw>m Bay Cricket Club 1.000 Colwyn Bay Writers Circle 675 Colyn Social and G￿¢WaY Club 32,085 Conwy County Deaf Activities Page 20 continued... COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE - Continued 47,242 Conwy Scout Council 22.000 Creating Enterprise {IAooo) 9,416 Cwn Flyball Conwy 15,385 DASU Eglwys y Capel Mawr 25,1)00 15,369 28,333 Eryri Bywiol Cyf 10,000 Ffynnon8royw Community Centre 1,000 24,600 Grove Park Bowling & Socia] Club 1,000 Friends of Printts Green 2,250 Gwaenysgor Village Hall 25,IKIO Knights of sr￿wd0n co￿5 of Dnmis Llanddulas Royal British Legion 4,684 Llandudno Bowls Club The Ov 936 Llanrhos PC St David's Chureh 567 Lloc and District Riding Club 9,107 iO,(K)O Love North Wales Community SuptM)rt Ltd 10,999 Ment¢r iaiih Conwy Cyf 18,333 Merchoj y Wawr Abergele 6.452 10,000 Pa8e21 continu¢d... COMMUNITY & VOLUNTARY SUPPORT COI¥WY NOTES TO THE FINANCIAL STATEMENfs- continued FOR THE YEAR ENDED 31 MARCH 2024 GR￿s PAYABLE- tontittued Mostyn Oriel 1,200 Mother Mountain Productions 4.621 Neuadd Owen Management C'tee 11,278 North Wales Women's C¢ntr¢ 22,471 PenrhyT Bay Community Library Group 12,000 Pen-y-ffordd and F￿ongrOyW Childcare 5,385 6.756 950 PLANT RASA Rhos Judokwai 17,146 24.840 Rhuddlan Bowls Club 18,161 Rhyl Dolphins Swimming Club 23,595 Royal cambri￿ Academy of Art 5,71M) 5,000 Rhyl Cycling Club 50.000 St Asaph City Times 1,2(M) I,710 St Johns Ambulance CyThru 10,000 12.000 St Josephs Community Centre 12,IK>O 34,700 THE FDF The Joshua Tree 6,760 35579 The Kind Bay Initiative CIC 13,046 The PrIn￿S Trust 12,(WO Page 22 continued... COMMUNrrY & VOLuNfARY SUPPORT CONWY NOTES TO THE F￿ANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE- efjntlnlled Trelawnyd Friendship Club 2,0(M) 4,￿0 T￿logan Community Association 14,0(N) Upper Colwyn Bay Comm Ctr 2,604 Young Carers Academy CIC 22,500 Junction Ukes 3.240 22,000 22,IK)O RWE TAPE Community Music & Film You'll Never Walk Alone Volunteers 56J50 (1,476) Mochdre Sports Association 7.817 Gwrych Castle Preservation Tntst iO,(KK) Rape & Sexual Abu8e Supw)rt Centre i 0,000 Work in Pff)gress 1,425 Woody's tA>dge 20.000 Visionares 1,730 Vale ofciwyd Mind Association 75,000 9.940 The Willow Coll￿]Ve CIC 7,800 Th¢ Forget me not Chorus 2,081 The Deg8J)wy Friendship Club 3,938 6,750 TENOVUS Rhyl Vi8ionaires 4.560 Page 23 continu¢d... COMMUNITY & VOLUNTARY SUPPORT COIYWY f40TES TO THE FINANCIAL STATEl￿E￿rS- eontinued FOR THE YL4R ENDED 31 MARCH 2024 GRANfs PAYABLE - comtinued Sound Radio 9,982 4,608 RELATE Re-Engage 10,000 Marsh Community Association 3,674 Making Sense CIC 16,100 Good News Famtly Church 6,350 Denbigh Mens Shed 6,040 CYMdeith￿ Godr¢ Hiraethog ar cylch 3,524 Cor Cymysg Dyffiyn Conwy 2.374 con￿ Day Centre for the Elderly 20,647 10,000 Clwb >T Heulwen 575 824 Canolfan Gymdeithasol Pentrefoel&8 3.232 Calon Riding for the Disabled Asw¢tation 1,592 Bro Celynnin 3.366 Brighter FutLves 7.978 Age Connect North Wales Central 5,993 NEWCIS 6.681 Conwy Connect for Learning Disabilities 1,178 Llysfaen Community and Recreationa] Association Page 24 continued... COMMUNrrY & VOLuiYfARY SUPPORT CONIVY NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE - eontlnued 1,276 Glanwydden & Valley Community Tn￿t 50 Snowdonia Goat Company CCBC Ysgol Dyffiyn Conwy North Wales Wildlife Trust Welsh National Sheepdog Trials Ruthin'l'own Council Llandrillo Bow15llg Club Clwb Ftern]w Ieuanc Ysbyty Ifan GrwT) Adfcr Ruthin Ruthin Bowling Club Etenechtyd Community Council CaDcI Bethel MC Melin Y c.oed cYmdeith￿ Lcnyddol Jcrusalem Tremeirchion Bach Choir Llanfi4Trog Community Association CIO Ruthin & Pwllglas Golf Club Cynwyd Association Bowling Club The con￿ Arts Trust Llangollen Museum D8ngerpoint Mynydd Sleddog Adventures Ltd Animal Encoun￿$ Wales Mr AW Rees & Mrs ML Rees T Evans & G Davies Slop Clwyd GYG Karting Eirian Mair Williems Mr I L If8ns Miss M￿] Dafydd Jones Flavow Moments Ltd Resource Denbighshire Centre of Sign-sight-sound Lambs Garden Enterprise Cyngor Cymdeithas Llandderfel Pen Y Bryn Farm Clwb Peldroed Cl&wyddn¢wydd Trcm Y Foel Community & S(Kial Committee Llansannan Bowling Club CINydian Range Archacology Trefn8J)i Bowling Club (1,547) 21,033 31,696 {1,600) 1,900 9,089 7,100 10,000 783 500 40290 iO,(M)O 25,(M)O 3,1)00 7,482 10,609 8,785 39,21)0 5,653 70,000 9,737 61,142 19,404 27,568 10S(M) &315 52,746 3,731 2,145 10,000 86,465 4,000 510 300 Conwy CAB Gwyl Rhuthun Cyfyngedig Llanfihangel GM wome￿ Institute 1st Llandudno Guides Abergele Bowling Club &891 6240 750 Age and Dementia Friendly Holywell Ardal Gweinidogaeth Bro Celynnin Ministy Area Page 25 continued... COMMUNrrY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 LIIARCH 2024 GIL4NTS PAYABLE- continued Bay of Colmyn Sailing Club Benefit Advi¢¢ Shop Blossom & Bloom Brighter Futures 20379 55042 26,000 5&578 Bryn Newydd Bowling Club 9,￿0 12,0(Kl 156 Capel Peniel CCBC re Abergele Bipx)lar Support Group Chardon Twst 5,01)0 Cl￿d ABC Coast Community Radio Media CIC Colwyn Bay Athletics Club cOn￿Y Chamber of Trade 33,674 4,284 3,750 25,000 5,(M)O 3590 4,700 719 Conwy Connect for Learning Disabilities Conwy Deaf Translation & Support Servi¢¢s Conwy MoJ)k¢ys Climbing Club Conwy Yatch Club Copperfields Bowling Club Cymdeithas H¢n Dractorau Dyffiyn Cl￿d Dragon Riders Rhyl 13,154 EINY Sheliered Housing Association Engineering Edu¢ation Scheme Wales Limited Eryri-Bywiol Snowdonia-Active Festival Church Prestalyn Festival Church Towyn Foodshare North Wa]¢$ CIC Friends of Bodnani PTA Gwrych Castl¢ Preservation Trust Homestart Conwy Home-start Cymtu for Families Llandudno W¢lsh Rugby Union Footba]I Club Llanelian Community Association Llanrt)os Old School Management Meliden Fwtball Club Menter latth Fflint a Wrecsam Mostyn Community Centre NE Wales Heritage Fonlln 12,51M) 35,632 11,290 16,667 22,￿)0 7,150 69,950 23,900 43,511 23,51M 60,0(M) 1,000 25,(M)O 5323 1,000 13,006 New Life Revival Church (Wales) Ltd North Wales Cn]saders Foundation Old Colwyn Bowling Club Post Office- grant refimd Grove Park Prestatyn & District Coun¢il of Churches 24,726 19,184 (9974) Pag¢ 26 continue(L.. COMMUNITY & VOLLMARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR EIYDED JI MARCH 2024 GRAIYTS PAYABLE . continued Pr¢statyn Cri¢ket Club Prestatyn in Bloom RJ]yl Bowling Club Rhyl Raptors Wheelchair Basketba]I Club RWF Collection Seren Superstars St Asaph Football Club St John's Methodist Church Society St Josephs School PTA St Pauls Church Sw¢ Hope Church Taixre Community Centre Trust The Aloud Charity The Joshua Tree The Rhuddlan Con]munity Group The RVS Rhyl Cosy Club Together for Colwyn Bay Trelogan Playgroup Tremeirchion Bach Choir Wisdom of Trauma Group Work in Progress Ysgol Cynfran PTFA Engineering Education Scheme Wales Limited Eswrts Wales CIC 11,150 5533 13,080 1,000 4,000 1,000 18J( 14,1)06 750 16,OIKI 25,OIM) 26J79 450 $850 20,420 16,458 7(M) 12,993 5,953 51,677 &395 9,960 (3,133) 7084 1,493 SP Lamps Ltd (Mochdre Sports Association ) She Shed Ab¢rgele 1st ￿dyr Scouts Dance Collective CIC Bangor & Holyhead ffngli8h) Methodist Circuit Conwy Disabled Archery 6,941 1,642 Cwmni Addys8 Rhyw- Sex Education Company 29521 Cymdeith&% Amaethyddol Dyffyrn Conwy 26,563 Cyngor c￿ Dolwyddelan Com Council 9980 Cyngor c￿d¢lthaSol Betws y Coed 6JOlb Dwygyfylchi Bowling Club 4,728 Girlguiding Llandeg Bay Division 1550 Page 27 continu¢d... COMMUNrrY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- ¢ontihued FOR THE YEAR ENDED 31 MARCH 2024 GRANTS PAYABLE- continued Glan Conwy Scoui & (iuide HQ 20,929 Guide & Scout Hall Fund 1,685 Llanfairfechan Community Hall 49,688 11,620 Llanfairfechan Croquet Club Llanfairfechan SurfLife Saving C]ub 11,164 Penmaenmawr Golf Club 1,464 1,985 Pwyllgor Ardal Al￿con￿Y Selydliad y Merched Ysbyty Ifan 1,170 Sioe Brjn y Maen Show 1,999 6,000 1,999 The Hummingbird Project North Wales Ty'n y Groes Chapel 2,721,226 2,009,302 SUPPORT COSTS Govemance costs Management Finat)ce Other Totals Other r¢sourees expended Charitable Expenditure 29,646 399387 106 103 3J98 4,038 2,626 2,954 35,976 406,682 429,233 209 7,636 5,580 442,658 Page 28 continued... COMMUNrrY & VOLUNTARY SUPPORT COMVY NOTFS TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 NET INCoL1￿{EXPEND￿fURE) Net incomal(expenditur¢) is stated after charginty(crediting)". 2024 2023 Auditors, relnuneration 4,930 TRUSTEES, REL1IL￿ERATI0N AND BE]YEFITS Ther¢ wer¢ no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trust¢e5' expenses There wer¢ no ttwtees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS io. 2024 2023 Wages and salaries Other pension costs 618,528 lo5,0￿} 589,621 102,000 723,528 691,621 The average monthly number of employees during the year wa8 as follows: 2024 22 2023 22 Staff The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,(M)O w&8.. 2024 2023 £60,001- £70,000 ii. COMPARATIVES FOR THE STATEMENT OF Ft¥ANCIAL AcfiviTIES Unrestrict￿1 Restricted funds funds En(lowment fund Total funds INCOME AND ENDOWMENTS FROM Charitsblt activities Grant tn¢ome 244,626 2.621,124 2.865.750 Other trading activities Investment income 40,578 3,843 40,579 3,843 Total 289,047 2,621,125 2,910,172 LXPENDITURE ON Page 29 continued... co1￿muNITy & VOLUNTARY SUPPORT COMVY NOTES TO THE FINANCIAL STATEMENfs- eontinued FOR THE YEAR ENDED 31 IWCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- conlinued Unrestricted Restricted Endowment funds nds fund Total nds Charitable activities Charithble EX￿)ditUre 238,778 2,462,901 2,701,679 Other 108,004 108,004 Total 346,782 2,462,901 2,809,683 NET INCOMEI(LXPEf4DITURE) Other r¢cogllised gainsl(losses) Actu¥sial gains on defined benefit schemes (57,735) 158.224 100,489 670.000 670,000 Net movement in funds 612,265 158224 770,489 RECONCILIATION OF FUNDS Total funds brought forward 203,713 1,963,083 2,166,796 TOTAL FUNDS CAIUUED FORWARD 815,978 2,121,307 2,937,285 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments 75,703 1033 98,500 1,570 77J36 100.070 13. CREDrroRS: Amouwfs FALLtNG DUE WNHIN ONE YEAR 2024 2023 Other creditors Income in advance AccN¢d &wenses 41,348 30,942 61.1M)O 622,593 25,944 67,292 714,535 Page 30 continued... COMMU1￿ry & VOLuNfARY SUPPORT COLYWY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMEiYf IN FUNDS Net movement in fill)ds At 31.3.24 At 1.4.23 Unrestricted fund$ General fund 815,978 268,718 1,084,696 R¢stricted fullds CVSC Start Up Grants Gwynt Y Mor Rhyl Flats Offshore Windfarm Community Fund Community Car Scheme Clocaenog Grants Youth l£d GrJnts Voluntary Sector Capacity Building Fund 405 1,412,060 405 1285,878 (126,182) 109,037 15,252 584,103 450 19,781 (15252) 93,523 (450) 54255 128,818 677,626 54255 2.121J07 25,675 2,146,982 TOTAL FUNDS 2,937,285 294J93 3,231,678 Net movement in funds, included in the alK)ve are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds Generat fund HSF STAFF SCHEME 365,654 2,113 (383,936) {2,113) 287,000 26&718 367,767 (386,049) 287,0(M) Restricted funds 268,718 HSCF Gwyn¢ Y Mor Rhyl Flats OtTshore Windfami Communtty Fund Community Car S¢heme Clocaenog Grants Youth Led Grants Covid E4ub AMDANI Grants Admin Voluntary Sccts)r Capacity Building Fund 40,660 965,698 {40,660) (1,091,880) (126,182) 118,710 173 872,019 5,726 65J73 51213 192.854 889,122 (98,929) {15,425) (778,496) {6,176) (65,373) {51,213) (192,854) (834,867) 19,781 (15,252} 93023 {450) 54,255 3201,548 (3,175,873) 25,673 TOTAL FUIYDS 3,569J15 (3J61,922) 287,000 294J93 Page31 continued... COMMUNrrY & VOLtENTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENTS- tontinued FOR THE YEAR ELYDED 3] MARCH 2024 MOVEMENT IN FtnYDS- continued Comparatives for movement in funds Net movement in thnds At 31.3.23 At 1.4.22 Unrestrieled ￿ndS General fund 203,713 612,265 815,978 Restricted funds CVSC Start Up Grgnts Gwynt Y Mor Rhyl Flats OtTshore Windfarni Community Fund Community Car Scheme Clocaenog Grants Youth Led Grants Voluntary Sector Emergency Fund 455 1,226,826 (50) 185,234 405 1,412,060 114,020 31,665 588.516 {4,983) (16,413) (4,413} 450 (1,601) 109,037 15,252 584,103 450 1,601 1,963.083 158,224 2.121,307 TOTAL FUNDS 2,166,796 770,489 2,937.285 Page 32 continucd... COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENfs- coDtinued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENf IN FUNDS . Continued Comp&ative net movement in thnds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in fimds Unrestricted fund$ General fund 286,669 2,378 (344.404) (2,378) 670,000 612265 HSF STAFF SCHEME 289,047 (346,782) 670,000 612,265 Restricted funds HSCF CVSC Start Up Grants Gwynt Y Mor Comic Relief Helping Families Rhyl Flats Offshore Windf8nn Community Fund Community Car Scheme Clocaenog Grants Youth Led Grants Voluntary Sector Emergency Fu￿￿ Covid Hub Engagtmcnt AMDANI RIF Grants Grdnts Admin 40,059 (40,059) (50) (705,210) (193,333) (1,650) {50) 185,234 890,444 193,333 1,650 106.628 20,738 777,212 5,450 (111,611) (37,151) (781,625) (5,000) (1,601) (79,999) (44,001) (8,198) {208.557) (244,8561 (4.983) {16,413) (4,413) 450 (1.601) 79,999 44,(K>l 8,198 208.557 244,856 2.621,125 {2,462.901) 138.224 TOTAL FUNDS 2,910,172 (2,809,683) 670,000 770,489 Page 33 (x)ntinued... COMMUNITY & VOLUNTARY SUPPORT COMVY NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined y)sition is as follows.. Net movement in finds At 31.3.24 At 1.4.22 Unrestricted funds General fLmd 203,713 880.983 ,084,696 Restricted funds CVSC Stsrt Up Grants Gwynt Y Mor Rhyl Flats Offshore Windfarn] Community Fund Community Car Scheme Clocaenog Grants Voluntary Sethor Emergency Fund Voluntsry Sector Capacity Building Fund 455 1,226,826 (50) 59,052 405 1.285,878 114,020 31,665 588,516 1,601 14,798 (31,665) 89,110 (1,601) 54,255 128.818 677,626 54,255 1,963,083 183,899 2,146,982 TOTAL FUNDS 2,166,796 1,064,882 3,231,678 Page 34 coniinued... COMMUNITY & VOLUNTARY SUPPORT CONWY NOTES TO THE FINANCIAL STATEMENtS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 14. mOVEMETr￿ IN FUNDS- continued A current y¢ar 12 months and prior ye8r 12 months combined nel movement in funds, in¢lud¢d in the above &$ follows.. Incoming resources Resour¢es expended Gains and loss&s Movement in funds Unrestricted funds General fund HSF STAFF SCHEME 652,323 4,491 {728,340) (4.491) 957,000 880,983 656.814 (732,831) 957,000 880,983 Restrirted funds HSCF CVSC Start Up Grants Gwint Y Mor Comi¢ Relief Helping Families Rhyl Flats Offshore Windfam Community Fund Community Car Scheme Clocaenog Grants Youth Led Grants Voluntary Sector Emergency Fund Covid Hub Engagement 80,719 {80.719) (50) (1,797,090) (193,333) (1,650) (50) 59.052 1,856,142 193,333 1.650 225,338 20,911 1.649,231 11.176 (210,540) (52,576) (1,560,121) (11.176) (1.601) (145,372) (44,001) (59,411) (208,557} (437,710) (834,867) 14,798 (31,665) 89,110 (1,601) 145,372 44,(M)I 59,411 208,557 437,710 889,122 RIF Grants Grants Adtnin Voluntary Sector Capacity Building Fund 54,255 5,822.673 (5,638.774) 183,899 TOTAL FUNDS 6,479,487 (6,371,605) 957,000 1,064,882 15. EMPiDYEE BENEFIT OBLIGATIONS Th¢ charity operates a funded defin¢d benefits wh¢me providing Ixnefits b&s¢d on final remuneration The &%sets of the scheme Are held separately from those of the ¢harity. The slaff are members of the Gwynedd Pension Fund. Contributions are charged to the SOFA so as to spread th¢ cost of pensions over the employees, working lives with the Ch￿lty. The pension Ch￿ge (employee's and employerfs contributions) in the yeor is £105.0￿ (2023.. £71,0(KI). Employer Contributions are awd at the rate of 20.80/• (2023 - 20.80/0), and active membets pay on averdge at the rate of 6.54/0 of pensionable pay (2023 - 6.50/0). The latest triennial achjarial valuation of the fimd w&8 carried out &% at 31 March 2019. The annual interim valuation has also been carried out by a qualified independent actuary &s at 31 March 2024. Basis for Estim*tin Assets and LiabilÈti¢$ Liabilities have been assessed on an actLwial basis using the projecled unit method, 8J) estimate of the pensions that will be payable in future years dependent on assumptions about mortality rntes, salary l¢vel& etc. Page 35 ¢ontinuc(L.. Com￿lUN[ry & VOLUNTARY SUPPORT CONWY N(yfES TO THE F￿ANCIAL STATEMENTS- eonlinued FOR THE YEAR ENDED 31 IIIARCH 2024 15. EMPLOYEE BENEFIT OBLIGATIONS- continued The principal &ssumplion8 used by the actuary were a5 follows: l. Financial A&8umptlons 31.0324 /trP. 31.03.23 Pension Increase Rate Salary Increase Rate Discount Rate 2.80•/• 3JO /• 4￿0 /• 3.00% 3.50% 4.750/0 3. Mortality Life expectancy is bascd on the Fund's Vitacurycs with improvements bas'cd on the CMI 2022 model, with a 250/0 weighting of 2022 dat4 a ￿/0 weighiing ot 2021 (and 2020) daw standard smoothing initial adjus1ment of 0.25 /0 and a long terLn rate of improvement of 1.50/0 P.& for men and women. Based on these ￿UMptiOns, th¢ average fvture life ¢xpeclancies at age 65 are summarised below..: Males Femaks Current Pensioners Future Pensioncrs 21.5 years 21.4 years 23.9 years 25.3 years 4. Commutation An commulalion allowance is inLluded for fvtur¢ relircmenls to elect to tskc 650/4 of thc m