2021-03-31-accounts - Age Cymru Dyfed

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Contents		Page
Trustees' report		2to 6
Statement ofTrustees'	Responsibilities
Auditor's report		6to 10
Statement ofRnancial	actMties
Balance sheet		12
Cash Flow statement		13
Notes to the accounts		14to 23

Reference and administrative	details ofthe chari	details ofthe chari	ty, its tr	ty, its tr	ustees and advbters	ustees and advbters	ustees and advbters
The trustees during the flnandal	year and up to and		Including		the date the report was approved			were:
Name		Position			Dates
Harvey Jones		Chair
Karl Wilcox		Vice Chair
Kate Curran		Treasurer
David Harries
Alasdair Kenwrlght					Resigned	November	2020
Robin Dale					Resigned	March 2021
Jack Lambert
Allan Williams
Caroline Streak
Peter Loughran
Lois Reed					Appointed	November	2020
Vanessa Tyrwhitt-Walker					Appointed	March 2021
Peter Hamilton					Appointed	September		2021
Chkrf Ofscer
Simon Wright
Charity number		1155813			Registered	in England		and Wales
Registered and prfncipal address		Bankers
27 Pier Street		CAF Bank
Aberystwyth		25 Kings		Hill Avenue
Ceredigion		Kings	Hill
SY232LN		West Mailing
		Kent
		ME19	4JQ
Auditor
Morgan Griffiths LLP
Chartered Accountants
Cross Chambers
Newtown
Powys
SY162NY

			2021	2021	2021	2020
			Unrestricted	Restrcted	Total	Total
			funds	funds	funds	funds
			E	F	E	E
Income from:
DonaBons and legachrs		(2)	40,004		40,004	36,958
Donations - from Age Cymru	Sir Gar		204,631		204,831
Income from charitable activities			273,652	743,258	1,016,910	523,544
Income from other trading	tivlties		6,218		8,218	5,649
Other income						7,328
Investment income			1 872		1872	2075
Total Income			528,377	743,258	1,269,635	575,554
Expenditure on:
Advice, InformaBon &ancillary services		(s)	176,903	640,159	817,062	534,681
Total expenditure Net gains/(losses) on investments			176,903 ~1,271)	640,159 -	817,062 ~1,271	~461
Net Income / (expenditure) Transfers between funds			348,203 12990	103,099 ~72990	451,302	40,432
Net movement in funds			361,193	90,109	451,302	40,432
Fund balances brought forward			412325	10575	422900	382468
Fund babmces carried forward			773.518	100684	874202	422,900

Age Cymru Dyfed Balance sheet
as at 31 March 2021		2021	2021	2021	2020
		Unrestricted	Restdcted f	Total f	Total f
Fixed assets
Tangibh assets	(s)	16,259		16,259	3,198
Investments		7226		7226	8497
Total fixed assets		23,485		23,485	11,695
Current assets
Debtors	Is)	55,766	156,736	212,602	71,859
Cash at bank and in hand	m	751 858	-	751 858	398555
Total current assets		807,624	156,736	984,360	470,414
Current liabilities:
amounts falling due within one year
Creditors and accruals	(01	57 591	58D52	113643	59209
Total current liabilitbrs		57,591	56,052	113,643	59,209
Net current assets I(liabilities)		750,033	100,684	850,717	411,205
Total assets less current liabilities		773,518	100,684	874,202	422,900
Net assets		773,518	100,684	874,202	422,900
Funds
Unrestricted funds		773,518		773,518	412,325
Restricted funds			10D084	10D884	10575
Total funds		773,518	100,684	874,202	422,900

				2021	2020
				r.	5
Cash flows from operating acUvNes: Net cash provkled by (used In) operating		activities		387165 367165	70 Md 7055!
Cash flows from investing activities:
Dkddends and Interest Purchase oftangIble fixed assets				1,872 ~15734	2,076 ~3529
Net cash provided by (used in) Investing		activides		13862
Cash flows from financing activities:
Repayments on borrowing
Cash Inflows from new borrowing
Net cash provided by (used in) financing		actlvttkrs
Change in cash and cash equivakmts In	the	reporting	period	363,303	69,112
Cash and cash equivalents at the beginning ofthe reporting period 0 h d 9M I I~M!6 dMlh 9M!M995M				398,555 751 858	329,443 3$!565
Recondllatlon ofnet movement in funds		to net cash flow		2021
Net movement in funds for the reporting	period (as per			451,302
Adjustments for.
Depredsson charges				2,673	1,412
Dividends and interest				(1,872)	(2,075)
Revaluation of investments				1,271	461
(Increase) / decrease in debtors				(140,643)	(9,391)
Increase I(decrease) in creditors				54434	39727
Net cash provkled by (used in) operating		actlviges		387105	705M
Analysis ofcash and cash equivalents				2021	2020
Cash at bank and in hand				751,858	398,555
Notice deposits (less than 30days)
Total cash and cash equivalents				751 BM

Income comprises:	Income comprises:		2021	2021	2021	2020
			Unrestdcted	Restricted	Total	Total
			fundsf	funds F	funds F	funds 6
Donaffons and Legacies, incfuding gift		aki
Donations, Induding gift aid			8,152		8,152	10,882
Donations	- from Age Cymru Sir Gar		204,631		204,831
Legades						2,000
Grants - general funds			33,102		33,102	24,076
income from charffabfe acfiiii'es
Grants:	Advicelink		15,000		15,000
	Advocacy QM					6,165
	Age UK - Covld emergency	funds	32,398	26,821	59,219
	Age UK Pembs. development fund					17,456
	Armed Forces Loneliness 8 Isolation			8,165	6,165	2,039
	Cardigan Town Council		2,000		2,000	2,000
	Carers' Support Innovadon Fund Germs CC - 18A Germs CC - Independent~			8,997 59,071 8,217	8,997 59,071 8,217
	Germs CC - Covid support		11,000		11,000
	Ceredigion CC —Covld support		21,000		21,000
	Ceredlgion CC - dementia	pilot				15,000
	Ceredigion Independent Advocacy			6,700	6,700
	Coronavlrus Job Reten5on	Scheme		60,877	50,877	3,583
	CUSP			1,000	1,000
	Digital Indusion			15,000	15,000
	Rorence Nightingale aid in	sickness		130	130
	Henry Smith Charity
	HOPE regkmal support			9,270	9,270
	Integrated Care Fund			67,743	57,743	54,998
	Intergeneratlonal Dementia	project				8,419
	Lady Grace James memorial fund			1,000	1,000	1,000
	Pembs CC - Enhancing Pembrokeshi			8,087	6,087
	Pembs. CC/Welsh Government - IBA			31,795	31,795	21,941
	Santander - Think Digital			50,740	50,740	7,866
	Tai Ceredigion					1,500
	Tesco - falls prevendon					4,000
	Tesco - volunteering'					4,000
	Third Sector Mental Health	service		47,519	47,519
	Valuing Veterans					30,716
	Veterans Founda5on			15,000	15,000
	Veterans should not be forgotten			18,450	18,450
	Welsh Government i&A Ceredigion					7,350
	Welsh Government- Befriending			192,676	192,676
	West Wales Veterans Archive			35,000	35,000
	crf		327,783	743,268	1,071,041	259,981

2	Income comprises (continued):	Income comprises (continued):	Income comprises (continued):				2021		2021	2021	2021		2020
					Unrestrhted			Restricted			Total		Total
							funds 8		funds 8		funds		fundsf
	bf					327,783		743,258			1,071,041		259,981
	Byw Adref deaning servhes					151,389					151,389		249,241
	Hosting fees						4,900				4,900
	Tregaron lunch club												4,983
	Nail cutting												6,810
	Falls prevention dasses												5,217
	Age UK - Eon					34,215					34,215		33,170
	Other smell grants												1,100
	Income fmm other trading activities						6,218				6,218		5,649
	Other income												7,328
	Investment income						1 872				1 872		2875
						526,377		743,258			1,269,635		575,554
3	Staffcosts and numbers										2021		2020
											5
	Gross salaries										565,871		358,743
	Social security costs										31,012		14,920
	Emphyment alhwance										(4,000)		(3,000)
	Pensions										14,663		8,823
	Terminathn end redundancy	costs									11525
											618,572		379,486
	The average number ofemployees			during the year was			58:management		and		administration 2;	project staff
	19;home support workers 37(2020:50:				management	and administration			2;	project staff 8;home support
	workers 40). There were no employees				with emoluments above			880,000.
	The key management personnel		ofthe charity indude			the trustees		and	Chief Officer (including			former joint
	Chief Officer). The total employee			benefits ofthe key		management		personnel			were k69,625 (prevhus		year.
	EB7,431).
	Defined contribution penshn		scheme								2021		2020
											8		8
	Costs ofthe scheme to the	charity		for the	year						14,663		8,823
	Amount ofany contrlbuthns	outstanding			at the year end						1,801

	for the year en	ded	31	Iwarch 202	1
4	Restdcted funds			Balance blf	Incoming F	Outgoing 8	Transfers f		Balance cff E
	Age UK Covld emergency		fund		26,821	22,553	(4,268)
	Armed Forces Loneliness				6,165	4,227			1,938
	&isolation
	Befdending Ufe Unks			(600)	192,676	185,798	(6,354)		(76)
	Carers' Support innovagon		fund		8,997	1,500			7,497
	Csrmarthenshire I&A				59,071	48,276			10,795
	Carmarthenshire Adult	IPA			8,217	6,236	(830)		1,151
	Ceredigion Dementia	Pilot					(876)
	Ceredigion IPA				6,700	4,367			2,333
	Coronsvlrus JRS				50,877	50,877
	CUSP				1,000	1,000
	Digital Induskm				15,000	5,085			9,915
	Enharctng Pembrokeshire				6,087	6,069		(18)
	Florence Nightingale aid				130	130
	in sickness
	Henry Smith Charity					35,000
	HOPE regional support				9,270	7,599			1,671
	Integrated Care Fund				57,743	57,743
	Lady Grace James				1,000				1,000
	memorial fund
	Pembrokeshlre i&A				31,795	36,081	4,286
	Santander - Think Digital			3,496	50,740	44,874	(4,166)		5,196
	Third Sector mental health				47,519	18,804	(1,534)		27,181
	Valuing Veterans			7,679		6,122	(1,557)
	Veterans' Foundagon				15,000	3,629			11,371
	Veterans should never				18,450	10,780			7,670
	be forgotten
	West Wales Veterans	Archive			35 04N	24 516	2	322	12012
				10,576	743,258	040,150	~42,	NN	100.084

Restricted Funds			Incoming	Outgoing
-comparative movement				E
Advocacy QM			6,155	6,155
Age UK Pembs. development			17,456	17,456
fund
Armed I orcus Loneliness			2,039	2,039
& lsoladon
Cardigan Town Council		(3,396)	2,000	2,094	3,490
Ceredigion CC - core funding		447			(447)
Ceredigion CC - Dementia	Pilot		15,000	15,000
Coronavirus JRS			3,583		(3,583)
Henry Smith Charity			35,000	35,043	43
HOPE regional support
Integrated Care Fund		13,745		68,743
Intergeneratlonal Dementia			8,419	8,419
prolect
Ladv Grace James
memorial fund
Leach Charitable Trust		1,000		1,000
Santander - Think Digital			7,866	4,370		3,496
Tai Ceredigion			1,500		(1,500)
Tesco - falls prevention			4,000	4,039
Tesco - Volunteering			4,000	2,066	(1,934)
Valuing Veterans			30,716		(653)	7,679
Welsh Govemment-						(600)
Befriendlng Ufe Links
Welsh Government i&A		9,390	7,350	16,794
Ceredlglon
Welsh Government/Pembs	CC	1,551	21,941	24,395
- l&A Pembrokeshlre
WWCP - dementia action plan		13ON 33,029	223,323	133N 241.888	~3,58S	13,525

Costs ofCharitable		a	ctivNe	s and	services
					2021	2021	2021	2020
					Unrestdcted	Restdcted	Total	Total
					funds 5	funds	fundsf	funds
Staffcosts, induding		NIC &Pension			152,118	466,454	618,572	379,488
Staff travel and training					8,828	3,726	10,554	17,386
Volunteer expenses					63	221	284	1,372
Project equipment,	materials			and
other costs						9,195	9,195	31,998
Room hire								1,948
Rent and water					105	27,328	27,433	17,294
Heat and light					29	7,449	7,478	3,245
Insurance					22	4,885	4,907	4,832
Telephone					3,704	7,955	11,659	3,271
Printing, postage and		stationery			1,491	2,667	4,158	4,431
Computer and softwam			costs		7,010	30,781	37,791
PRand adverBsing					95	3,671	3,766
Other office costs					47	4,981	5,028	1,833
Repairs, maintenance			and
leasing costs					3	18,527	16,530	8,119
Audit					13	2,787	2,800	2,100
Accountancy and Finance support					63	13,464	13,527	3,216
Professional fees					1,489	37,525	39,014	49,428
Bank charges					1,020	403	1,423	1,840
Bad debts					14		14	1,094
Sundry expenditure					116	140	256	356
Depreciation					2673		2873	1412
Total expenditure					176,903	640,159	817,062	534,661

	for the year en	for the year en	ded	31March 2021
6	Tangible assets Cost				Equipment f	Totalf
	At 1 April 2020				19,361	19,361
	Addlgons				15734	15734
	At 31 March 2021
	Dggmlatlgg
	At 1 April 2020 Charge for year				16,163 ~673	16,163 2673
	At 31 March 2021				18,836	18,836
	MN~gglLvvlgg
	At 31 March 2021				16,259	16,259
	At 31 March 2020					3,198
	Fixed Asset Investment
	UK Investments	held as fixed assets were as follows:
					2021f	2020f
	Market value at 1 April				8,497	8,958
	Net unrealised	investment		gain/(loss)	-1 271	-461
	Market value at 31 March				7228	8497
	On 24September 2002, the charity received a legacy of661 ordinary shares of25p each in
	GlaxoSmlthKline	pic.
7	Debtors and prepayments				2021 f	2020
	Debtors Prepayments				199,663 ~13M	62,161 9698
					212,502	71,859
8	Cash at bank and in		hand		2021	2020f
	CAF Bank				579,703	285,569
	Bardays Bank				2,448	2,568
	Monmouthshire	Building Society			84,561	23,362
	Cambridge and	Counties Bank				86,524
	Petty Cash				123	532
	Cash in Hand				23
					751,858
9	Creditors and	accruals			2021f	f
	Creditors				24,547	12,235
	Accruals and deferred		income		75,473	46,974
	PAVE control				11,822
	Penskm control				1 861
					113,643	59,209