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2022-03-31-accounts

Contents Page
Trustees'
report		 2to 6
Statement
of Trustees'		 Responsibilities
Auditor's
report		 8to 10
Statement
of financial		 activities
Balance sheet
Cash Flow statement 13
Notes to the accounts 14to 24

for the year ended 31 March 2022
Notes
2022 2022 2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
9 9 6
Income from:
Donabons
and legaoes		 18,165 18,165 40,004
Donations
-from Age Cymru Sir Oar		 204,631
Income from charitable
acbvtbes		 255,401 755,772 1,011,173 1,016,910
Income from other trading activities 6,899 6,899 6,218
Other income 152 152
Investment
income		 1,689 1 689 I 872
Total income 282305 755772 1,038078 1,269635
Expenditure
on:
Advice, information & ancillary services 245 839 777100 I 022 939 ~17,062
Total expenditure 245,839 777,100 1,022,939 817,062
Net gains/(losses) on investments 2,015 2,015 (1,271)
Net Income
/ (expenditure)		 38,482 (21,328) 17,154 451,302
Transfers between funds ~44664477 4.847
Net movement
In		 funds 33,635 (16,481) 17,154 451,302
Fund balances brought forward 773518 100684 574 202 422,9110
Fund balances cerned forward 807,153 84,203 891,356 874,202
Age Cymru
Dyfed		 Age Cymru
Dyfed
Balance sheet
as at 31 i)larch 2022 2022 2022 2022 2021
Unrestncted Restncted Total Total
f f f f
Fixed assets
Tangible assets (c) 20.997 20,997 16,259
Investments (r) 9,241 9241 7229
Total 4xed assets 30,238 23,485
Current assets
Debtors (8) 54,728 129,158 183886 212,502
Current asset investments
Cash at bank and in hand		 (vl 425,000
349142		 ~43,790 425,000
305352		 751,858
Total current assets 828,870 85,368 914,238 964,360
Current liabilities:
amounts
falling due		 within one year
Creditors end eccruels (11) 51,955 1,165 53,120 113,643
Total current liabilities 51,955 1,165 53,120 113,643
Net current assets I (Habitities) 776,915 84,203 861,118 850,717
Total assets less current liabilities 807,153 84,203 891,356 874,202
Net assets 807,153 84,203 891,356 874,202
Funds
Unreetric(ed
funde
General unreetricted funde 564,353 564,353 593,518
Designated
funds		 242 900 242,800 180,000
Unrestncted
funds		 807,153 807,153 773,518
Restricted funds S4 203 S4 203 IIXI054
Total funds 807,153 84,203 891,356 874,202

for the year ended 31 March for the year ended 31 March 2022
Cash flows from operating
activities:
Net cash provided
by (used in) operating		 activities 2022f
~73.632
~73632		 2021
367,165
367,165
Cash flows from Investing
activities:
Dividends
and interest
Purchase
oftangible fixed assets
Net cash provided
by (used In) investing		 activities 1,689
~8563
~7874		 1,872
~15,734
~73862
Cash flows from flnandng
activities:
Repayments
on borrowing
Cash inflows from new borrowing
Net cash provided
by (used In) financing		 activities
Change
in cash and cash equivalents
in		 the reporting period (21,506) 353,303
Cash and cash equivalents
st the beginning		 ofthe reporting period 751,858 398,555
Cash and cash equivalents
at the end		 of the reporting period 730,352 751,858
Reconciliation
ofnet movement
In funds		 to net cash flow from 2022 2021
Nei movement
in funds for the reponing
the statement
offinancial
activities)		 penod (as per 17,154 451,302
Adiustments
for
Depreciation
charges		 4,825 2,673
Dividends
and interest		 (1,689) (1,872)
Revaluation
ofinvestments		 (2,015) 1,271
(Increase) Idecrease
in debtors
Increase I(decrease)
in creditors
Net cash provided
by (used In) operating		 activities 28,616
~60,523
~73 632		 (140,643)
54,434
367 165
Analysis of cash snd cash equivalents 2022 2021
8 E
Cash at bank and in hand 730,352 751,858
Total cash and cash equivalents 730352 751,858

2 Income comprises: Income comprises: Income comprises: 2022 2022 2022 2021
Unrestricted Restncted Total Total
funds funds funds funds
f E F 8
Donations and Legacies, mcluding
gitl		 aid
Donations, induding
gift aid		 8,165 8,165 8,152
Donations -from Age Cymru Sir Gar 204,631
Legacies 500
Grants - general funds 10,000 10,000 33,102
Income from charitable
activities
Grants: Advicelink
- Citizens Advice		 5,000 5,000 15,000
Age Cymru - Strategic Volunteering 1,006 1,006
Age Cymru - Winter Pressures 8,625 8,625
Age Friendly
Communities		 Digital 1,500 1,500
Age UK - Demenba
MCST		 protect 20,281 20,281
Armed Forces Covenant
Trust		 623 623
Cardigan
Town Council		 2,000 2,000 2,000
Caring Communities
Innovation		 1,937 1,937
Carms CC - Carers Admin. Grant 5,400 5,400
Carms CC Improvement
&Wellbeing		 25,000 25,000
Carms CC —Digital Skills 3,000 3,000
Carms CC - i&A 58,282 58,282 59,071
Carms CC - Independent
Advocacy		 3,252 3,252 8,217
CAVO - Project Digital Ceredigion 15,000 15,000
CAVS - promotional
support		 2,000 2,000
CAVS - Winter Pressures 2,000 2,000
Ceredigion
CC - demenba		 pilot 61,200 61,200 6o,ooo
Ceredigion
Independent
Advocacy		 26,800 26,800 6,700
CUSP 1,000 1,000 1,000
Digital Inclusion 30,000 30,000 15,000
Good Things Foundation 3,000 3,000
Henry Smith Chanty 35,000 35,000 35,000
Integrated
Care Fund		 57,744 57,744 57,743
Pembs CC - Enhancing
Pembrokeshi		 23,112 23,112 6,087
Pembs. CC - i&A 31,795 31,795 31,795
Santander
—Think Digital		 9,638 9,638 50,740
Screwfix Foundation 4,300 4,300
Third Sector Mental
Health		 service 63,421 63,421 47,519
Wales Co-operative
Centre		 1,595 1,595
WCVA - Volunteering
Wales		 20,000 20,000
Welsh Government-
Befnending		 197,261 197,261 192,676
West Wales Veterans Archive 35,000 35,000 35,000
Age UK —Covid emergency funds 59,219
Armed Forces Loneliness & Isolation 6,165
Carers' Support Innovabon Fund 8,997
Carms CC - Covid support 11,000
Ceredigion
CC —Covid support		 21,000
Coronavirus
Job Retenbon		 Scheme 50,877
18,165 755,772 779,937 1,027,191

2 Income comprises (continued): 2022 2022 2022 2021
Unrestncted Restncted Total Total
fundsf funds funds funds
18,165 755,772 773,937 1,027,191
Florence Nightingale
aid in sickness		 130
HOPE regional
support		 9,270
Lady Grace James memonal fund 1,000
Veterans
Foundation		 15,000
Veterans
should
not be		 forgotten 18,450
Byw Adref cleaning services 208,373 208,373 151,389
Hosting fees 7,400 7,400 4,900
Tregaron
lunch club		 314 314
Age UK - benefits
& energy checks		 39,314 39,314 34,215
Income from other trading activities 6,899 6,899 6,218
Other income 152 152
Investment
income		 I 889 1889 1 872
282,306 755,772 1,038,078 1,269,635
3 Staff costs and numbers 2022 2021
f f
Gross salanes 695,676 565,872
Social security costs 43,048 31,012
Employment
allowance		 (4,000) (4,000)
Pensions
Termmation
and redundancy
costs		 18,874 14,663
1195
753,598 618,572
The average number
of employees		 dunng the year was 62: management and administration
4,		 protect staff
24; home support workers 34 (2021.58: management and administration 2; project staff 19;home support
workers 37). There were no employees with emoluments
above		 f60,000.
The key management
personnel
of the chanty		 indude the trustees and Chief Officer (induding former joint
Chief Officer). The total employee benefits ofthe key management personnel were F59,960 (previous year:
f69,625).
Defined contribution
pension scheme		 2022 2021
f
Costs of the scheme to the charity for the year 18,874 14,663
Amount of any contributions
outstanding		 at the year end 2,226 1,801

for the year ended 31 March 202 2
4 Restricted funds Balance b/f Incoming Outgoing Transfers Balance cff
6 6 f 6
Age Friendly Comm. digital 1,500 1,5DD
Armed Forces - booklets 623 623
Armed Forces Loneliness
& Isolation 1,938 1,938
Befriending
Life Links		 (76) 197,261 191,895 (5,290)
Cardigan
Town Council		 2,000 2,000
Carers' grant admin. Project 5,400 3,453 1,947
Carers Home Improvement
and Wellbeing 25,000 10,488 14,512
Carers' Support
innovation		 fund 7,497 7,782
Canng Communities-
innovation		 1,937 1,937
Caimarthenshire
l&A		 10,795 58,282 65,399 (839) 2,839
Carmarthenshire
Adult IPA		 1,151 3,252 4,403
CAVS - promotional
support		 2,000 2,000
CAVS - Winter Pressures 2,000 2,000
Ceredigion
Dementia
Pilot		 230 61,200 61,541
Ceredigion
IPA		 2,333 26,800 23,153 5,980
Cibzens Advice Ceredigion 5,000 5,000
CUSP 1,000 1,000
Digital Indusion 9,915 30,000 38,880 9,174 10,209
Digital Skills direct payments 3,000 728 2,272
Enhancing
Pembrokeshire		 23,112 23,377
Henry Smith Charity 35,000 35,000
HOPE regional
support		 1,671 1,671
Integrated
Care Fund		 57,744 58.232
Lady Grace James 1,DDD 1,000
memorial
fund
MCST 20,281 20,171 110
Nobody
in the Dark		 3,000 (2,367)
Pembrokeshtre
i&A		 31,795 42,311 10,516
Project Digital Ceredigion 15,000 337 14,663
Santander
-Think Digital		 5,196 9,638 8,027 (6,807)
Screwfix Foundabon 4,300 2,416 (783) 1,101
Social Care winter pressures 8,625 8,625
Strategic Voiunteenng
Grant		 1,006 1,006
Third Sector mental
health		 27,181 63,421 76,807 13,795
Veterans'
Foundation		 11,371 11,391 20
Veterans
should never		 7,670 7,670
be forgotten
Volunteering
Wales		 20,000 20,074 74
Wales Co-operative
Centre		 1,595 1,595
West Wales Veterans
Archive		 12,812 35,138 12,674
755,772 777,100 4,847 84,203

2022 2022 2022 2021
Unrestricted Restricted Total Total
funds funds funds funds
6 6 6
Wages costs, Incl. NIC & Pension 189,690 563,908 753,598 618,572
Staff travel and training 7,904 4,509 12,413 10,554
Other staff costs 411 2,100 2,511
Volunteer expenses 514 605 1,119
Project equipment, materials snd
other costs 6,820 43,635 50,455 9,195
Rent and water 4,300 31,120 35,420 27,433
Heat and light 1,132 7,704 8,836 7,478
Insurance 1,001 5,126 6,127 4,907
Telephone 7,472 15,804 23,276 11,659
Prinbng,
postage and stationery		 1,803 5,232 7,035 4,158
Computer
and software		 costs 8,424 4,695 13,119 37,791
PR and advertising 160 10,801 10,961 3,766
Other office casts 800 4,823 5,623 5,028
Repairs, maintenance and
leasing costs 2,694 15,780 18,474 16,530
Audit 510 2,610 3,120 2,800
Accountancy
and Finance support		 2,831 14,485 17,316 13,527
Professional fees 4,592 38,606 43,198 39,014
Bank charges 1,511 624 2,135 1,423
Investment
management
fess		 133 681 814
Bad debts 2,300 2,300 14
Sundry expenditure 48 216 264 256
Depreciahon 789 4,036 4,825 2 673
Total expenditure 245,839 777,100 1,022,939 817,062

for the year ended 31 March 20 22
6 Tangible assets Equipment Total
f
At 1 Apnl 2021 35,095 35,095
Additions 6 563 9563
At 31 March 2022 44,658 44,658
~D
At 1 April 2021 18,836 18,836
Charge for year 4,825 4 825
At 31 March 2022 23,661 23,661
Net book value
At 31 March 2022 20,997 20,997
At 31 March 2021 16,259 16,259
0.09
7 Fixed assets Invsstmants 2022 2022 2021
Listed Total Total
iilvestilleilts
f f f
Balance b/f
Gain
/ (loss) on revaluation		 7,226
2 015		 7,226
2 015		 8,497
~1,271
Total 9,241 9,241 7,226
8 Debtors and prepayments 2022f 2021
Debtors 49,619 44,184
Prep aym ants 14,670 12,839
Accrued income 102,104 145,126
Other debtors 17493 10353
163,886 212,502
9 Current asset investments 2022f 2021f
Cash equivalents on deposit 425 DM
425,000
10 Cash at bank and in hand 2022f 2021
f
Cash at bank 305,210 751,712
Cash m hand 142 146
305,352 751,858

for the year ended 3 year ended 3 1 March 2 022
11 Creditors and accruals 2022 2021
f F
Cledltol's 18,092 24,547
Accrusls 22,472 22,253
Deferred income 53,22D
Taxabon and social secunty 10,201 11,822
Other creditors 2 366 1 801
53,120 113,643
12 Designated funds Balance b/f Transfer
in		 Outgoing 2022 2021
8 E E
Planned closure costs 110,000 93,000 203,000 110,000
Service development 70,000 30,200 39,8DD 70,0DD
180,000 93,000 242,800 180,000
Fund name Reason for designation
Planned closure costs to mitigate the nsks of unplanned closure or a substanbal
reduction		 in
activities,
including		 statutory redundancy obligations, building lease
commitments and dilapidations. The provision was increased during the year
with the continued growth of the charity.
Service development to enable the funding of service development opportunrhes
idenhfied		 within
the strategic business plan. The provision wss revisited
snd reduced		 in the
year as a result of amended pnonties.

No trustee received sny remuneration sny remuneration or benefit during this or or benefit during this or or benefit during this or the previous the previous year
Trustee
indemnity
insurance		 wss induded in the charity's total insurance costs in both years and not
separately
identified		 .
14 Operating
leases
Expected future
minimum
lease payments		 over the remaining life ofthe 2022 2021
lease, analysed
into		 the penod
in which		 the commitment falls due:
8
Within one year 23,571 25,363
In the second to fifth years inclusive 30,418 22,931
Over five years from the balance sheet date
53,989 48,294

2022 2021 2022 2021 2022 2021
Unrestricted Unrestricted Restricted Restricted Total Total
funds funds funds funds funds funds
6 6 f
Income
Donations
and legacies		 18,165 40,004 18,165 40,004
Donations - from Age Cymru Sir Gar 204,631 204,631
Income from charitable
activtbes		 255,401 273,652 755,772 743,258 1,011,173 1,016,910
Income from other trading activities 6,899 6,218 6,899 6,218
Other income 152 152
Investment
income		 1,689 1 872 1 689 1 872
Total Income 282,306 526,377 755,772 743,258 1,038,078 1,269,635
Expenditure
Aduce, informabon & ancillary servic 245,839 176,903 777,100 640,159 1,022,939 817062
Total expenditure 245,839 176,903 777,100 640,159 1,022,939 817,062
Net gains/(losses) on investments 2,015 (1,271) 2,015 (1,271)
Net Income
/ (expenditure)
Transfers between funds		 38,482
~4847		 348,203
12,990		 (21,328)
4,847		 103,099
~12Qts		 17,154 451,302
Net movement
in		 funds 33,635 361,193 (16,481) 90,109 17,154 451,302
Fund balances brought forward 773,518 412,325 100,684 10,575 874,202 422,900
Fund balances canted forward 807,153 773,518 84,203 100,664 891,356 874,202