Age Cymru Dyled Charrty number 1155813 Annual R•port and Fln•nGi•l 3tgtements for th• y•ar •nded 31 March 2024 Dyfed agecymru
Age Cymru Dyfed Annual Report and Flnanclal Stat•m•nt5 for tha year ondod 31 March 2024 Contents Page Tru8t888' r&port 2to6 siaiemenl of Trustees, Re8pon8lbllltle8 Audltotrs report 8t0 10 statement of financial activities 11 Balance Bhe8t 12 Cash Flow statement 13 Notes to the arxounts 14to25
Age Cymru Dyfed Trust•eg' report for th• y•ar •nd•d 31 March 2024 Reference and admlnlstratlve detall8 of the charlty, Its trv8tee8 and advlsorn The trustee8 durfng the financlal year and up to and includlng tho dato tho report was approvod w•r•: Namo Posltlon Dates Peter Hamilton Chair Allan Williams Trea811rfir Peler Loughran Caroline Str88k Vanessa Tyrwhtt-Walk8r NAtalio Moyce Kate Curran J8ck L8mbert Harvey Jones lark Williams AT71hony Mattick Appoinled 25 April 2024 R88ign8d 1 Novernter 2023 R88igngd 1 Nov8mb8r 2023 Resiwed 28 Marc 2024 Resigned 29 April 2024 Resigned 19 June 2024 Chlel Executlve Olntr Slmon Wrlght Chartty number 1155813 R8gi3t8r8d in England and Wales Reglstered and prlnGlpal addre88 Bankarn 27 Plèr treet CAF Bank AbE+rySY1h 25 King8 Hlll Avonu• Certrdigiuii Klngs Hlll SY23 2LN WeBI Malling K8nl t¥lE19 4JQ Audltor MorgAn Grlffllhs LLP Chartered Account8nts Cros¥ Ch4mb8rs N8Wtown PDWYS SY16 2NY Structure, gDvernance and management The chanty Is a EnaritaDle Incorporaiea organlsatson (Gioi re9151erea on 17 February 2014 as Age Cymru Ceredigion and is gov8med by 8 CIO A8sociati¢)n wn51itution. Thè Constituti was amended In January 2020, and in April 2020 it changed its name to Age Cyrnru Dyfed, from which date the amended constitutlon became effethve, The chanty's actswties are now undertaken Ihroughout th8 counts'es of Carrnarth8nshiT8, CeredigiC and Pembroke5hire. At l Apnl 2020, the 8ctivili88, 889ets and liabilities of A9e Cyrnru Sil Gar (fomier tharity no.1106321 > w8r8 transferred to Age Cymru Dyfed. Method of recrultment and appolntm•nt of tNot•e¥ The truslees of Ihe charlty are appointed for thr8e year terms by Ihe trustee board.
Age Cymru Dyfod Trustees. report (cDntinu•d) for th• y••r •nd•d 31 March 2024 ObJEGtlv•s and acQivitie8 The charlty's objerts Th8 obi8Cts of Ili¥ CIO aig. To prcmote Ihe health anrj Wele19, primenly of older people, in any manner whlch now Is or hereafter shall be deemed by law to be charitable in and around w88t Wale8 Ith8 countl88 of CaFTnarth8n8hir8, Ceredlglon and Pembrokeshire). The charltrfs maln actlvltles The charity providgs projects and services for older people, thèir fAmili•s and carers. Publlc benefft Atatefflanl In $8tting its (Jbjectives and plonnlng Its aCtIes, the board of trustees have givan $8nau8 consideration lo Ihé Chadty Commlsslon'5 general guldance on public benefit and In particular ensure that the octlvlties undertaken are in line with the prevailin9 charilabl8 obj8Ct8 8nd Aims undèr which th8 charlty wa5 established, Achlev*m•nts and perforniance Over the pasi year, the or9Jnls8tlon h88 conlinu8d to 8XP8ri8nce s¢gnificanl grLWlth. ACD have undert£ken e>lensive efforts lo successfully secure long-tefrn ctr9Cl3. Our comrnrtment to quality has been re8ffirmed wlth the reawlcatlon for exlstlng quallty standards 8nd tho raceipt of new acCredili0ns, induding. QISS - Qualily in Inforrnatlc and Signposbng QPM - Advocacy Qualrty Mark Anned Forces Covenant Fund - Employer Recognitson Sch8m8 (Silver) Investor5 In Volunleers - Silver Aw8rd Additionally, recruitrnent has been a major loeus,18adlng to lh8 8tlditlon of ten new stafl rnernbers to fulfil contracted serwGe5 and granl-lunded aclivili88. The pnncApal acbMb8s during the year included.. htamiatlon And Advlec geNIccg Th8 Ceredigion Housing Support Grant funded dementi8 pilot was rénéwéd for another year. Long- lerm tender opportuniti8S are Anticipated in Autumn 2024. Enhancing Pembrokeshire grant.. ACD delivered 8nother successful servi, focusing on providing Informalion and Advice to the communitr'e5 of Pembrokeshir8. This initiative aimed to reach individuals who were previously isolated and unable tt) JICC8s8 offiCbAssd support. Pembroke5hire I&A Small Grant Funding.. The funding continued at the same leve15 as in previous years. Meetlngs were held with commissiDn8rs to advoc8t8 for addilion81 funds to meet the ever- Increasing needs. Connecting Camiarthen5hlre.' The Caarthen County Council Pr8ventgtive Service for older people nd adults wlth physlcal d16abillti8s ccmmenced, delivering a highly successful first year of interventions that roc8ived pr8is8 from commissioners. Sh811 Funded Benefits Checks: The team ccffnpleled over 550 sessions in anolher succe551ul year ol providlng benefils checks fund8d by Shell, Cèredlgion Services.. Servic8s in Cerecligion were again funded frorn reseNes and smau addition81 avallable funds. Efforts continue to raise awareness of the need lo fund this essential ser4ice in Geredi9iOTI.
Ag• Cymru Dyfed Trust••s' r•port (continued) for the year ended 31 March 2024 Achievements and perforrnancè (cantinu8dl Befriendin Life Links The service continued into its fourth yeBr. meeting all milesiones set by ihe Welsh Government. ACD will now gather evidence of need to apply for a replacement service as ihe demand for befriending support 8nd intaentiOnS to address loneliness and isolation 15 inGreasing. ACD'3 support for old8r v818rAn$ continues to gruw, wlth addfrb'onal funthng Jecured and the ard of the Armed ForGes Cov8nant Fund- Employèr Recogniti Scheme (Sllver> being a highlight of Ihe year. it8188rwc88 ACD'9 reputation for dellverlng digital sèrnl¢•s ha8 ccffjbnu&d In grt)w. wlh tha adaptaliDn of Imovatlv? lethnclogles 8nh8nctng its pres]Ce 8(TOS5 the three c('e5. E51abli5hed programme3 are now In place in Pembrokoshir8. The d8rn0n8tralion of Virtual Reality as a wellbeing tool has gained momentum, wilh funding receiv8d Irom Adferi8d Carers Intomiation SeNce to deliver irrterventions acro88 CamiarthÉnghlrÉ. Thls sucGes3 led to a trial and 8L>88qU8nt lunding lo doliver similar services In Ceredlglon. ACD Ig approaehinq tme Iinal year ol delivery undeT Itg b8ntanoèr oi911s1 nnancial iundlng Thls Dlgiial Support Service has continued to provide 8UPPOrt across the thr88 countie5. M8nt heatth service rNsion The Soclal Indusion Service, funded by Hywel Dda Uiiivei'¥ity Health Board, ent8red ils first year of a potentlal flve-year delivery period. ACD aim8 lo 6UPPOrt aiound twv hundr8d peoplè to reduce longline¥8 aiid i¥ul8tion gnd pr8v8nl crises. After a financial revi and the impl8m8n18tion of An Increas8d hourfy rate, the service ha5 continued to support rgsidenls of Cer8digion wlth h4p around the home. The rewsion of fees has ensured that the projeGt 15 now financially sustalnable and ruMlrKJ independently. AGD contsnu88 to collabor8te vlth partners to dallv8r advocacy sendces In Ceredigion. During Ihe year, our sole advocate left the seDice, but ACD SUGcessfully reGruited an exGellenl r8placemgnt vtho will continue delivery for the contract terrn.
Age Cymru Dyfod Trustees. report (continued) for the year ended 31 March 2024 Flnanclal revlew The overell nel surplus for the year was £1,996, including a nei deficlt of £75.313 on unrestriGted funds 8nd a net surplu5 of £77,309 on reslncted fun¢J5, after transfers. Overall income rose by 201/• in the year, whilst expenditure Increased by 14Qlo.As indiGated last year. more 58niof tnanag8m8nt tim8 is now sp8nl on rai8ing 8dditiiJnal funds, through which a gr8at8r proportion of administrative and ov8rh88d costs is b8ino recovered, comm8n8urate wllh t contsnu8d gro of the organisation. Further WO Is planned In Order lo seek ways of meetsng ovemead costs In full. At 31 Mgrch 2024, total resarvas ware £819,476, of which £204,538 reprès1ad balances on r88trict8d funds (31 March 2023.. £817.480 total, with £127.229 restricted). The Flnance & Scrutlny Committee deals wlth the detail of proposals which have a significant fiw13nEi31 imp8¢1 th8 Eli8rily. Reserrfe5 pol The charitls free reserves, exduding fixed 8S88ts, at th8 year and w8r8 £589.586. Durlng th8 year. trustees re-evaluated the purposes for which unrestricted funds were being held, and agreed a forward-looklng reeW of designated reserves. At 31 March 2024, funds were held In fiv& d18tinct al8m8nl8, and tru8ta89 will continu8 lo reM8w th888 on a r8gular basis (a) lo mitigate lh8 ri8k8 Ot unpIAnnéd doÈurÈ or 8 Èubtanti81 rèduction in act11188 arlÈlng from an unfor8saf)n loss of Incom8, and Ih888 Includ8 staluiory redund8nr.y obli981ion8, binding18a88 comm5tments and dilapidations prowision. These costs were updated as a result of staffing and leasing changes. (bl to enable seNce devdopment opportunitses Identrfied within the strategic business an to be funded, wilh Ihe 8iIT18 of diversifyin9 the numb8r of incoma streams and fund8r8, enhanckng 8ervicas in th8 community. and spr88dlng the organi8atlW'8 n8k8 acr088 more projècts. (c) 10 3upporl the ch8rily'8 marketing 8tr&le9y by funding a m8rkeling m&n&ger and 833ociBted costs. (d) to fund a core information and advice Service in Ceredlglc, which 18 the one are8 of Dyfed withoLrt a local authority-funded I&A presence, which Injstees consider to be a crucial component of thc chantls acliwtses. Further disGU6sions are planned with the loGal avthority in this regard. (e) to ensijre th81 Ihp.rp. r.nntlniip.s to be SLrfficlent fl6ng to retain the chanty's veteran's coordinalor, supplement5ng partlal flndlng trom other grant sources. Tru51ee$ decided to hold an amount of 'working caprtal, to gmooth out the way by which w• receive grant funding, much of whith is quarterly in arrears, and that Ihis should be in the range of between three and six months, operaling expdItUre. which would give 8 base figure of b8twe8n around £461 K and £922k ba8gd on budgotod gxpenditure, At 31 March 2024, th9 vglue ol fr99 r059rvas (Including designated reserves) was £589, 586. %hich is around 3.8 months, operating cosis. The trustees are looking at remsing the reserve8 policy so that d03ure c051s Iparticularty potents'al redundancy costs and lease commitrnents) are treated expjiatly as a part of free reserves, as the Irustees are satisfied that the charlty wlll ccntlnue to operate as a golng lor the fore8e88bl8 futur8. Moreover. they wlll contlnue to consider designating further sums from free reserves to enable the short-tefm fundlng of SepCeS whilst alternative grant or contract funding is being sought, wlth th? provi80 that free re3erv?B Should ncl f411 b•low thr•e months, operating expenditure.
Age Cymru Dyfed Trustees. r•port (contlnu•d) for the y•ar •nded 31 March 2024 Investmenl policy AJ a 8ub3tantially larger amcwnt of tho charily'6 ao6eto waa boing held in the main bank currant account, trustees recognised this as a growng nsk, given the limit Df £85K per financial instilution under the Financial Services Coynpensats'on Scheme. They agreed to diversify bank holdings to mitigate this risk, whilst also gener£tlng some addil'onal investrnent Incorne for the chanly, through th8 CAF B8nk invastmenl plaifomi managed by Flagstone Investment Manaqement Ltd. At a co81 of 0.25¥0 of inv881ed fund8, this continues io genere addltlonal nei Income whllst spreading thè risk across a numb8r ot Institutions. Future Plan Ag8 Cymru Dyfad ramalns commltted to securing additsonal funding to enhance our services in line 'th our revised strategic bu¥ine88 plan for 2024 to 2029. Th8 ch8rity'S Straiegic oblectlves are to.. 1. Reduc8 loneliness and isolation, 2. Improv? mental and physical health and w8llbeing, 3. Encourag8 and sustain independence, choice. and Cfmtrol. 4. Reduce social, financial, and digital exclusion and inequ8111y. We airn to achieve these tlvough a 8U8tainaNe funding $tr8t•gy, whil8 contlnually Ir8nslormlng our ways of workSng. In 2024, Ihe 8ucce88ful acquisition of 8ddltion81 long-term funding for fjemenlla Servlces has expanded our 8ff knowl8dgo tsss8. LDoklng ah@ad, wa anllclpate securlng further long.teim t8nd8rs ovw lh8 next 12 months Bnd are actsvely explonng options to refi?5h and expand our b8lri8nding services. ACD18 8180 focused on Incr8aslng staff retents'on and Job security by upskilling our team and maintainlng a core of hSgNy qualrfied, knoedgeab1e staff capat4e of tran5rtioning acro¥s various funding streams. Moving fon•V8rd, ACD will continue to pursue long-tenn contracts, building on our strong r8lats'on8hip8 with th8 hèalth haArd and county cncil$. This Strategy will foster ongoing growth, on8uring the lon9- term Stability of both wr serwcos and workforce.
Age Cymru Dyfed TThstees' report (contlnued) for th• year •nd•d 31 March 2024 Statement of trustees. responslbllttles The tNstees are responsible for preparing the Trustees, report and the financial statements in accordanco with the apF4ic£ble lew and Unlted Kingdom AccoLtIng Standards (Unlt8d Klngdom Generally Accepted Accounting Prathce). The law applicable to charities in En9land and W81eS, the Charities Act 2011, Charfty (Accounts 8nd Repcrts) Regulation8 2008 and th8 provisions of th8 cijnstilulion fequire lh& trustees to prepare Ilnancial statements fgr each finanrAal year whith gV8 8 Irue snd fr M8w irf lh8 sl818 of affairs of th8 ch8ri1y and of the Incomlng resources and apFlication of resources, Including the Income and expenditure, of the charity for that period. In preparing these financ4al stat8ments, the trusle85 8r8 raquired to. select suitable accounts'ng pc4icies and then ap¥Ay them Gvnsislviitly, - observe the methods and prinoples in the Charities SORP, - make iudgem8nls and 8slim8tés that ar8 r8asonable and prudent: prepare Ihe Ilnanclal statements on a golng concem basls unless It18 Inapprc¢Jriat8 to pr83um8 that the charity will continua in op8ration. The trustee8 are responsible for keeping proper accounting records which disclose Vth reasonable accuracy al any time the financial positson of the charltatle company gnd to 8nable them to ensure that the finsncsal accounts CoMY with the Ch8riti88 Acl 2011, th? Charity (A¢unt$ 8nd Report$l Regulation8 2008 and lh8 provisions of th8 trust d88d, They are also responslble for safeguarding the assets of tho charlty and hence for taking reasonable step5 for the yevention and detection of fraud and other Irregulantie8. Signed o alf of the b ste88 on 5 Nov8mb@r 2024 eler Harnllton ITnJstee)
Ag• Cymru Dyfed Report of the Independent Audltors to th• Trustees of Age Cymru Dyfed Opinion We have auth'led Ihe fin8rri81 stalements of Age Cymru Dyfed {th8 'charity') lor thé y88f endad 31 March 2024 which compris8 lh8 Staiémant of Financial Activities, the Balance Sheet, the Cash Flow Staternent and notes to the financial sietemenls, including a summary ol 6lgnlflr2nt accountlng policias. Th8 financial raporting framewoth that has been apF41ed in their preparation is applicabla law and Unit•d Kingdom Accounting Standards (United Klngdom Generally Accepted Accountsng Pradice). In our oTh0n the financial slatements.. give a and fAir vièw of the slate of the charitys affars as at 31 March 2024 and ol its Incoming re8ources and application ot rasrAJrce&, for the year then ended", - hav• b88n prop&rly prepared in accordance with United Kingdom Generally Accepted Accounting PrJctica,' znd - have been prepared in accordance with the requiremenis of the Chanbes Act 2011. 8as15 for Oplnlon We conducted our audit in accordance with Intomational Stsndards on Auditing (UK) (ISAs (UK)) and applicable law. Our r8sponsibilitl88 under thoye standardi Ar• furthgt d•scribad in Ihè Audltors, responslbllltles fcr the audlt of the flnanclal 8tat8ments s•ctlon of aur r•part. We ara indep8ndenl of tho charily in accordance V*ith Ihe ethlc41 reqLJirftmantJ that ar8 r8l•v8nt to our audit of finaiiLiuI ylaicinenls in Ihc UK, induding the FRC'S Ethlcal 5tsndard, and we have fulfilled our pihw elhical r8sponsibiliti8s in 8ccDrdance (h the50 requlrements. We believe IhBt tha audit avid&ncvk wa hAva obidn•d Is SUfflt and appr<)priate to Proe a basls for our opinion. ConGIuGlons rnlatlng to Golng Concarn In 8udlts.ng the ftnandal stalemenls. we have conrjuded that the Irusts88' 1188 of tha going concem bosls of accounting in the preparal6on of the financial slaternents is appropnate. Based on ihe work we have performed, we h8ve not id8nlili8tl gny m8lari81 uncertainties relatino to events or onditions th8t, indivldually or collectively, may Gast significt doubt on the charity's 8bility to continue as golng concem ft>r a penod of at le25t twelve rnonth¥ fr¢ then the finanrial slatements are authOSed for Issue. Our responslbilities and the responsibilitses of th8 trustaes with respect to golna ¢oncern are desulbed In the relevant sections of tfvs report. Oihèr Inforniation The tru5lees are respon8ible for the oth•r Inforniation. The other infomiation comprise3 the information indud8d in the Annual Report, other Ihan the financial statements ond our Report of Ihe Independent Auditors thereon. Our opini¢)n on the financial slatemenis does Cover the other InforntIOn and, except to the exienl olheThvise explicAUy slaled in our report, we do not express any fomi of assurance concluslon thereon, In connecllon wilh our auth't of tho financi81 statements, our reswnsiknlity is to read the other Information and, in doing so, consider whether the other Irfonation is matenally inconsistent wilh Ihe financial statements or our knowledge obtained in the audit or OtheNSe appears to bè mgterially misstaled. If we identify 5u¢h material inconsistencles or apparent maténal mi88t8temonl8, we are required to detemiine whelher this glv8s rlsè to material misstatement in the financial statemetits them6elve5. If, based on the WOTk we have parfornied, we conclude that Ihefe is a material misstat•mant af tPM's other informatson, we are required to report Ihat fact, We have nothing to report in this regard.
Age Cymru Dyfed Report of the Independent Audltors to tho Trust•O5 of Age Cymru Dyled Matt•rs whiGh w• r•gulr•d to report by exeeptian Wo have nothlng to report in respect of the followng matters ere Ihe Charities (Accounts and Repcffts) Regulaknons 2008 requires us lo report to you If, in our opinion.. the information olven In the Report of the TruBtee5 13 inconsistent in any Matla1 respecl with the financial 8iatements.' or - suffici8nt accounting rec(d$ have not been kept,. or - the financ¥al ststements are not In agreement th8 8ccaLJnting records and retums, or - wa havé not recdvéd all the Inlormatson and eXKIw)8tits w8 r8qu4rè our audlt. Responslbllltles of truste•s As explalned more fully In the Statement of Trustees, ResponSibili.8S, Ihe trustees are reSpS¢ble for the preparatj.on of Ihe fin8ncial statements which alve a true and fJr View, and for such intemal control as the trustees delem)ine is necessary ID 8nabl8 tha praparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparlng the financial statements. th8 trust9 f8spon8ibla for as$es51ng Ihe charStys atN'lity to conl'nue as • going concem. disclosing. ag aprAicAble, matters relaled to going concern and using the going concorn b8815 of accounllng unless the trustees eilher intend to liquidate the ch8rily or tD cease operations, or have no rea115tic alternative but lo do so. Our responslbllltles lorlhp audit ol lh• financial Atat•ments Wé hav• b•8n appointed as audilor$ unda Section 144 of the Charltles Acl 2011 and r•port in accordonce with the Act and relevant regulation$ made hAvlng èffect thereunder. Our obj'ects'ves are to obiain reasonable assurance about whether the financial stat•m8nts as 8 who18 are free from material misstatement, whéth8r duè to frAud or arror, to issue a Report of the Independent Auditors that indudes our opinion. Rea8onabl• assur•nc• ig a high level of agjuranee, butls not a guorante• that an audit conduclAd in Aectrdance wfth ISAS (UK) vnll always detect a laterial mi%%lxtument when It exlst5. Misstatements can arise Irom fr8ud or error and are CLmsidered material il, indiwdu811y Of in the aggregate, they could reasonably be expe¢t8d to influ•nc8 the aconomic deeiiioni Df users taken on the basis ot thes8 fin8ncial 8t8taments, The extent to 4thich our procedures are capable of detecting irrogularits'88, Includlng Iraud is delailed below.. Our approach to identifying and ai•ing the risks pf matenal misstatement in ra8P8Ct ol irregularltl•s, Including ff8ud and non-covnpliance laws •nd regulation$, was as follows -th8 8ng8g8menl partner ensured that the engagement co+l8Ctively had the appropriate competsnce, cupabilits'e5 and Skills to Idantlfy or r•cognis• ntsTrcomplI¢ with applicable laws and regijlatlcms., -we identified th8 laws and ragulats'cs applicable io the chanty through discussions with manaoemenl, and from our knowledge and experience of the charity sectcr. -we focused on specific laws 8nd regulations we considered may have a direct material effect on the finanGial statements or thc op¢ration> of the charity, Induding rel•vanl l•giBlatson such o# th• Charfb•g Act 2011, tgxabon legislation, employment, environmwttsl snd health and sal•ty18gislats'cm', -we assessed the extent of compliance wilh th• laws and regulth'ons identified )ove through making anquiries of management and Inspecting relevant rorrespondence We assessed the susceptibility of the charivs financial statements to material Misstatem1, Including obt8iThn9 an understandtng of how fraud might occur, by. -maklng enquiries of management 85 to wher8 Ihey cmsidered there was suscepbbility to fraud, their knoN*ledge of actual, luspect and aN•ged frgud,. -Gonsidering the intemal contrd5 in place io mitigate n5ks of fraud and n-¢Unp11ance with 18W8 and r8gulats'ons.
Ago Cymru Dyfed Report of the Independent Audltors to the Trustees of Age Cymru Dyfed Uur rup4wHIlrtI tor th• audit ot th• hnanwl stat•m•nts Icontsnu•dl To address the nsk of traud through management bias and override of controls, we.. -p8rform8d analytlcal proc8dur8S to id8nts.fy any unusual or unexp8Cted relaonShIPs.. -reviewed nomin81 ledgprs and tpsted i(ximal enln84 reports to Idpnlify unusu81 Ir8nsactions,' -asse55ed whether judgement5 and a5sumptlons made in detemiinlng the accounting eslmates were Indlcatlve of potential bias. In response to the rixk of irregularities and non-compliance with lawg and regulations, we dasioned procedur88 ich included. but were not limiled lo. -agreelng flnancial statement disclosures to underfylng supportlng documentalon., -reading the minutes of meetings of Ihose charged wlth govemance; -reviewin0 correspondence with HMRC. Theie &Te inh8Tgrit limit8ts.ons in our audit procedurgs de5cnbod above. The more removod that Iw8 gnd regulatlons are from finanaal transacllons, the less Ilkely h Is that we would become aware of n0Compl18nee. Auditing Standards also limit the audit procedure$ required to identify narhllcompliqnce with laws And reaulalions lo enquiry of tha trust089 and othar mAnAgem8nt And th8 ingpactiw of rogulalory and leg81 correspondance, if any. M8tad&l mlsstatements that adsa due to fraud can be harder lo detact than thosa that 8rt8a fr(Nn 8rror AS they may Invclve dellberate concealment or colluslon. A further descrlptlon of our resp0nslb1lles for the audlt of the flnanclal stalements Is l(Kated on the Flnanclal R•porting Cauncil's w•b%it• al MV4¥.frc.org.uklauditor8r•iponsililili•s. This dgscripti(Jn lorm part of our Report of the Independènt Audllors. Use of our report Thi8 roport Is made 8ol•ly to th• chanty's InJ31o08, 118 a body. In accordanco Yth Part 4 ot tho Chanties (AGcounts and Reports) ftegulalions 2008. audit work has been undertak1 $0 that we mlght statg lo tho chanty's trustees those malters we are required to stale lo Ihem in an auditor8, report and lor no other purpose. To Ihe fullegl extont pem)ltted by law, we do not #ecept or assume responslblllty to anyone other than the chartty and the chAfity's Irustees as a body, lor wr audil work, Tor this report. or for Ihe opinions we have formed. Morgan Gnffiths LLP Chartered Accountanls statutory Auditor Cross Chambers 9 Hlgh Street Nown Powys SY1a 2NY Data. 5 November 2024 10
Age Cymru Dyfed Statement of Financial Activities (including summary inGom• and •xp•ndltur• account) for the year ended 31 March 2024 Note& 2024 Unrestricted ILnds 2024 Restrirted funds 2024 Total funds 2023 Total funds Income from: Donations and legau8s Inccrtne from charltable acti7thies Income trom other trading activits'es OlheT income Investment Income Total Income 20,176 333,097 6,003 3,478 16714 378.488 20,176 1,400,117 6,003 3,478 46,877 1,134,677 7,657 1,394 6470 1,197,075 1,IA7,020 1,[7,020 1,445,488 Expendlture on: Advlce, inforniation & anGillary seNGes Rai51ng funds TotAI oxpenditure N8t galng1{loss8s) on InvestrnÉnls NEt Income I lexpenditurel Transfer8 between funds Net movement in funds 151 161 446.462 13,018 459,480 983,345 667 984,012 1.429,807 1,262,513 7,574 1,270,087 {8641 {73,8761 1,443,492 (81.012? 83,008 1,Y96 (75.313) 77,309 1,996 (73,876) Fund bAl4nc•8 brought lorward Fund balanc•s canled loard 690,251 614,938 127,229 204,538 817,4UO 819,476 891.356 817,480 141 All incoming resources and re3ourGes expgndod dgrivfj from continuin9 activiti&È. 11
Age Cyrnru Dyled Balance sheet as at 31 March 2024 2024 Unrestricted 2024 Restricted 2024 Tolal 2023 Total Tangit4e assets Inv@Atmants Total flxed assets 25,352 25,352 25,983 181 25,352 25,352 25,983 Current aAAÈtx Debtors and prepayments Current asset invèstménts Cash at bank and in hand Tolal current asset6 151 1101 84,255 85.000 303,343 387,598 85,000 521458 994,OS8 285,829 340.000 272 917 898,748 656,299 337,757 Current Ilablliti•G: amounts falllng duo vAthln oné yèar Creditors and accruals Total cuTrent Ilabllltle5 1121 66,713 66.713 133,219 133.219 199,932 199,932 107 249 107,249 Net current assets I Illabllftles) 589,588 204,538 794,124 791,497 Net assets 814,938 204,538 819,476 817,480 Fund8 Unrestricted fund8 General unre8lricted funds Dcsignated fund5 Unresirictcd funds Re5trtcted fund5 Total funds 383,465 231473 614,936 383,465 231473 614,938 204 538 819,476 439,481 250 770 690,251 127229 817,480 1141 204 538 204.538 614,938 The financial statements were approved by the board Of t1118te08 on.. Data.. S Nov8mber 2024 Name.. Peter Hamifton (Tru3tee) 12
Ago Cymru Dyfod statement of cash flows for the year ended 31 MarGh 2024 2024 2023 Cash flows from operatlng actlvltles.. Net cash provlded by (used In> operatlng actlvltles 13.869 120,464 Cash flow¥ from investing aclivhiq¥: Dividends and intere8l Purchase of tangible fixed assets Sale of investmenis Net ca8h provlded by (u8cd In) Investlng aGllvltle5 15,714 (8,304) 6,422 111,818) 8,425 7,410 Cash flows Irom flnanclng actlvltles: Repaymenis on borrowing Ca8h infiows from new borrowing Net cash provlded by {used inl financing activities Ch8nge In cash and cash equlv81ents in th6 reporting period C8sh 8nd c881184UIV818ritS at the beginning of the reFJIKting p8riod Ca•h and ca8h •qulvalent6 at the end of the reportlng perfod 16,458) 612,917 606 458 (117,435) 730,352 612 917 Reconciliation of nel movement in funds to net cajh flow from 2024 2023 N8t movemeni in funds for th8 reportsng p0d (as per thp %tAlpm?nl Df flnAndAI aCtIlIs) Adjustments for. Dcprcciats'on charges Profil on disposal of investmenl6 Dividends and Interest Revaluatson oi investments (Increase) I decrease in debtors Increase l (decrease) In creditors Nél e*•h provldéd by (uged In) operntlng actlvltleg 1,996 (73.876) 8,935 8.832 1481 (6,422) 864 1101,943) 54,129 120 464 (15,714) {101.7691 92 683 13 869 Analy818 of c•8h and cash equlvalent8 2024 2023 Cash at bank and in hand Total cash and cash equlvalents 606.458 606 458 612 917 612 917 13
Age Cymru Dyfod Notes to the accounts for th• year ended 31 March 2024 1 Accounting pollcles Basls of accountlng These accounts have been prepared under the histoncal cost convention with items recognised at C05t or trarisaction v81ue unless otherwise stated in the relevanl note(sl to th888 8ccourits. The fin8ncial statements have been preparèd in accordance with th8 Slat@ment of Recommended Practice.. Accounting and Reporting by Chants8s prepanng their accounts In accordance wilh the Financial Reporting Standard applicable in th@ UK And Republic of Ireland (FRS 1021 (effective 1 January 2019) and with the Charitses Act 2011. The charity constitLrtes a public benefit entty as dèflnèd by FRS 102. There has been no change to Ihe aecounting p(Aicies since last year. No changes hav• beon made to tho accountG for provious years. Golng eonc•m The tnjstees are satisfied thai there are no matenal uncertainties a1 charity'g ats'lily to continua. Incomlng resources All incominll resDurce5 are included in the StAtem8nt of Fln8ncial Actimties (SOFA) when the chanty becomes eniitt&d lo the resources, if Il is mor8 lik8ly than not thal th• trustees will recelve the resourcas arid the monetary valu8 can be measured wrth sufficienl rdlablllty. Grantg and donatlons Grants and donatsons are only Includ8d in th8 SOFA when the charily has unconditional entitlement to the r880urces. Where grants are related to pÉrfomi8nce 8nd 8p8clflc d8llverab188, Ihey are accounled for as the charity eam8 th8 fight lo consideraiion by it8 perfomiance. Donated goods for resale are valu8d at the amount aclualty rea1188d upon their sale. Dc)nAtéd A288tg, fap.ilities or services arg valued 81 th84r &8llmated value to the charity. This is the price that the charity eslimales It would pay in the open market for equivalent item5; or seNces and facilities of 8quiv4lenl ulility lo Ihe ch¥rity. Flxed Asset Investrnents Investment8 are 8tat8d al mwk81 Wdlu8 81 th8 ba18n sh881 d818. Th8 SOFA includ88 th8 n81 g8ins And 10888s ansing on revaluation5 and disposals throughoui the year. Expendlture and Ilabllltles Expendilure is recognised on an accrual basis as a liability is incurred. Liabith'ties arè recognlsed where it is more likely than not that there is a legal or constructlve obllgatlon committing the charity to pay out the re50urce3 and the aTnount of the obligation Gan be measured with r¢a30nable certnty. Taxatlon As a charity th8 org8ni88tion benefits from rates relief and is generalfy exempt from Income tax and capit81 gains tax but not from vAT.18c0verabIe VAT is included in the cost of these items to which it relale8. 14
Age Cymru Dyf•d Notes to the accounts for the year ended 31 March 2024 1 A¢¢ountlng pollGles contlnued Tangible Ilxed aGGets Tangible fixed assets costlng morè thgn £500 are capit81i88d arxl Induded at cosl indudlng any Incidental expenses of scquigition, Gift8d ass8ts are shown al the value to the charity on rec8ipI. Deprecl81Son 18 provided on all tangibl8 fixed assets at rates calculated to write off the cost on a straight line basis over their &xpect8d useful economic lives as follows.. Equipmen( fixlures and fitting5'. over 5 years Improvements to short leasehold prerni5e5. in accordance with the lease terms. Penslons The charity operal68 8 defined contribub'on scheme and makes contnbutions to such schemes for the b8neflt of Its eligible employees. The costs af contributions are recognised in the Stat8ment of Financial Actlvltl8s In the year they are payable. Fund ic¢ountlng Unr8Stncled lunds are available for use at the dlscretlon of the inJ5tees in lurther8nG8 of the general obiclveS of the eharlty Designated funds are unrestn'cted funds eamiarkèd by tria tru$taas for particular pUoseS. Re5tncted funds are sublecled to rastrtctions on théir expertditure impose(I by Ihe donor or through the terms of an appoAI. Furthèr axF8n8lian of the nature and purpose of each lund Is included In th4 nolgl ¢0 the aGGount8. Leasas Rents under operatlng lea868 are charged on a straight line basis over the lease term or to gn eÉrtier date If the lease can be deterTnined without tinancial penalty. 15
Age Cymru Dyfed Notes to the accounts continued for th• y•ar •nd•d 31 M8Jrch 2024 2 Incorne 2tr24 Unraslncted funds 2024 Restncted funds 224 Total fund3 2023 Toial funds Donation3 and LegaGies Donatlons Legacios Grant5 - general funds InGome from Ghantable activities Grants. Advocacy West Wales -3 CIPA Ag8 Cymru - Lommunity Assistance Agè UK - Cost of Ilving r88ponse Age UK - D8mentsa MCST project Age UK- Digi181 Champions Armed Forc09 Coven8nl Trust Carrns. CC - Connecting Camis. Carm8. CC - Delta Tablet scheme Carm$. CC - Housing with Care fund Carrns. CC - VR Support Cer8dlglon CC - dementia pilot Cgredigion CC- VR Support Hyw81 Davl88 Re8iduary Tru8l Hybyel Dda UHB - Mental Health Pembs. CC- Enhanung Pembs. P¢mb$, CC -1&4 Pernb8. CC - Older Per38 HSG P08L Group- VAWDAS Santander - Cost of living Santander- digilal developmenl Veterans Foundatson W815h Govemm8nt- Befrfendlng Agg Cymru - Slralagic Volunl•enng Carm8 CC- I&A Carnis. CC - Addltlonal dlgltal Carms. CC- Ageing Well Cams. CC- mobilisatiw grant CAVO - Project Digital Ceredigion CAVO - Warm Welcome grant PAVS - Keep Warm Keep Well Pembs. Living Well Pembs. Wami Welcorne Vodafone 9.154 1,D22 10,1)JO 9.154 1,022 10.000 8,226 28,651 10.000 23.316 23,316 9,46S 30.000 13,400 32,000 73,917 187,250 12,888 23,316 9.465 30.000 13,400 32,000 73.917 187,250 12.888 38, 14,238 99,519 1,540 10,000 12,573 40,000 13,905 14,238 99,519 1,540 5,000 147,382 47,680 31, /F3b 29,982 6,C4)0 20,000 47,017 20,000 210,132 92,147 6,000 51.463 118,561 147,382 47,680 31,7EIS 29,982 6,000 31,706 23,000 20,000 15,000 58.241 19,999 211.303 1,OC 61.196 5,000 500 15,000 5.000 1,025 23.115 2,600 1,290 750 47,017 20,000 210.132 54,641 1,067,020 1,121,661 884,562 16
Age Cymru Dyfed Note5 to the accounts continued for th• y•ar ended 31 March 2024 2 Income (contlnued) 2024 Unrestncted funds 2024 Restrlcted funds 2024 Total funds 2023 Total funds 54,641 1,067,020 1. 121,661 884.562 Byw Adref cleaning services SoGial footGar8 servic86 Gardening services Hosling f888 Tregaron lunch club Age UK - benefits & energy checks InGom8 from oth8r trading 8Gtiviti85 Other incomé Inve5tm8nl incom8 246,820 2,710 270 7.400 246.820 2,710 270 7.400 247,900 110 7,400 41.432 6,003 3,478 15.714 378,468 41,432 8,003 3,478 15.714 1,445,488 38,618 7,657 1.394 6,470 1,197,075 1,(7,0?0 3 staff c06t8 and numbff• 2024 2023 GrD85 sal8ri05 Soci818ecurity CO8t8 Employment allowance PenÉlons 1,047,920 65,036 (5,000) 22.573 1,130,529 858,228 54,951 (5,000) 19,954 928,133 Th8 av•r8g8 number of 8mployee$ during the year wa5 76.. management and administratiw 8., project 8taff 41., home support workers {2023.' 89., management and admlni8tr8tlon S,. projed st8ff 32; home support w0er8 32). There waG one employea thrfth Qmolumgnts over £70,000. In the banding between £70,000 8nd £80,000 (2023.. one employee over £60,000, in the banding betwe £60,000 and £70,000). Th& kay management personnel of the tharity incjudé thé trustees, Chief Officer and the Heads of 8usin8SS Development, OpÈrabons, and Contracted SeDAce5. The tolal employoe benefits of thé k•y managem•nt p8rsonnd were £169,452 (prewous yoar.. £129,478). Deflned contributlon pen81on 8cheme 2024 2023 Costs of the scherne to ihe charily for the year Amount of any cmtributions outstanding at the year end 22,573 3,323 19.954 2,690 17
Age Cymru Dyfed Not•8 to th• acc•unts e•>ntlnu•d for the year ended 31 March 2024 4 RestrlGled lunds Balance bll Incoming Outgoing Translers Balance cir Advocacy West Wales -3 CIPA Age UK - Cost of liwng response Age UK- Dement18 MCST project Ag8 UK- Dlgit81 Ch8mpon8 Armed Forces Covenant Trust Carms. CC- Addiljonal digital CarmÉ. CC _ Conn@cling C2mis. Carm8. CC- Delta Tablet scheme Cann8. CC- Houslng Wilh Care fund Carm8. CC- rnobilisats'on grant Carms. CC- VR Support Ceredigion CC - dementia pilot Ceredigion CC - VR Support He1 Davies Reslduary Trust Hywel Dda UHB- Mental Health PAVS - Keep Warm Keep Well Pembs. CC- Enhanclng P8mb8, Pembs. CC -1&4 Pembs. CC - Older Persons HSG P08L Group - VAWDA8 Santander - digital development Scrpwfix Foundation Vet8r8ns Foundalion Welsh Government- Befriending Shared Prosperity Fund Pembs. 23,316 30,000 13,400 32,000 73,917 19,274 32,052 16,619 32,000 43.105 5,000 187,250 6.394 3.635 9,111 7,305 98,727 109 25,907 87,743 14,791 46,680 31.795 34,857 4,042 2,052 3,219 5,620 5,000 36,432 187,250 12,888 38,964 (198) 8,296 35,329 3,696 6,339 14,300 (1.493) (5941 <7921 14.238 99,519 1.540 1,431 4,192 46,217 113,422} 14,791 147,382 47,680 31.795 29,982 6.000 47,017 (1,000) 10,905 6,030 6,000 44,679 548 4,246 49,379 548 4,738 51,717 20,000 210,132 20,492 208,510 939 11,622) (939) 127,229 1,IK7,020 984,012 (5,699 204,538 18
Ago Cymru Dyfed Not•s to the accounts continued fr•r the year ended 31 March 2024 4 RaÈtrlctod funds . comparatSva movemem AdvocACy West Wales -3 CIPA Age Cymru - Strategic Volunleerin£ Age Fnendly Communities Digital Ag8 UK_ Cost ol limng rèspons8 Age UK - Dementsa 1¥4CST prqecl Age UK - Dlgltal Champions Armed Forces Covenant Trusl Carers, Gr8nt Admin proiect Carers Home Improvement and Wellbeing Cam8 CG- I&A Carms. CC- Additional digital Carnis. CC- Againg Well Carms. CC- mobllSs8tion granl CAVO - Project Digrtal Ceredigion CAVO - Wami Welcome grant Ceredigion CC - dements'8 '10t Ceredigion IPA Digitsl Inpjusion Digital Skills direct payTnents Hywel Davie5 Kesiduary Trnst Hywel Dda UHB - Mental Health PA VS - Keep Wami Kcep vvdi Pembg. CC- I&A Pemb$. CC - Older Persons HSG Pembs. Libryng Well P@mbs. W8rm Welcom8 Santander - digital development Screwfix Foundation Veterans Foundation Vodafon8 Wales Co-operative Cent Welsh Government- Befriending West Wales Veteran$ Archive Balance bll Incoming Oulgolng Ti8n3fet8 Balance cn 23.316 1.006 23330 2,012 1,500 7.948 14 1,006 1,500 10.000 12.573 40.(X)O 13.905 2,052 3.219 11D 40,1 6,859 1,947 (1,426> 5,620 1,947 14.512 2,839 14,512 67,869 81,1 5,000 600 15,000 5,000 1,025 Y2,147 3,834 6,000 500 700 19,C67 1,025 92,151 5.980 21,107 2,272 15,663 143,699 7,S47 39,478 10,741 2,162 1,290 7,436 553 15,261 750 1.595 210,810 13,572 788,904 14,300 14,663 (596) 5,g80 10209 2,272 10,898 46,463 118,561 23,116 (7011 (2,0791 (877> 7.681 (1,354> (338) 30,099 (13,422) 14,791 13,796 23.UUD 2,500 1,290 68,241 10.905 (1,426) 49,379 548 4,738 1,101 19,999 75D 1.595 211,303 1493) 898 t4.245 84.203 817.685 127,229 19
Age Cymru Dyfed Note5 to the accounts continu•d for th• y•ar •nded 31 March 2024 4 Fund name Purpose ol restrlctlon Advocacy West Wales -3 CIPA lo provide independent proiesslanal 8dvocacy in Cerediglon Age Cymru - Strategic Volun18enng lo parb'cipate In developlng and imp18manting new ways of worf(ing Ag8 Friendly Communltses Dlgiial lo support digital group and Indlvidual work Age UK - Cost of living response to provide information and advice arcnd cost of Ilving issues Age UK - Dementla MCST woi8Ct lo support peoFde wlth mild to modrat8 dementia, as woll as their familie8 Age UK- Digi181 Champions and carers, on an ongolng basis through cognibve stimulation therapy. to upsklll people using volunteer4ed digital tuition Armed Forcès Covenant Trust to PrOde wèM8rè $upport to older veterans Carors, Grant Admin project Carers Home Improvamonl vouGher3 lor Demeiitla Carers from C8rmarthenshire County Councll. 8fKI Wellbeing vouchers from the Cgrars, Trust grant from Cannarthenshire County Counc41. C8m)s CC - I&A to provide a high quality Information and ad¥ice Sorce to prcmote the welfare of older pèoplè in C8rmarthenshire. lo support unused delta tablets, loaning them and providing tuition to support recycling of devicés fly oldei p03uple to support th8 Sat up eo8is and time lor launC'ng the Connects'ng Carmarthenshlre programme to Implemeni a nelwork for digital Incluslon In Ceredlgion to provide warm spaces in Cerediglon specialist support, esp6clally in earfy diagn0515. to provide independent protessional advocacy in Ceredigion digital proj'ect in Camiarthenshire to develop new d8y OPPQrtunits'e8 for older pftnpl lo promote thgit incluslcn and progr8S8 of digilal Skills lor people whose csrA And support needs are met with a Direct Payment. to prowde mental he8lth support in and arLMJnd Milford Haven support services to addsS low level mént81 health and wellb8lng Issu88 for old8r adult8 and Ih8ir carer8 to piuvid¥ iiifuiiii8liori 8ruuiid Ihe c081 of livin9 8nd Iu81 cri818 in Pembrokeshire tc provide a comprehensive Information and adwce senncE for older people in Pembroke5hire. Transfers are from unrestricted fund5. to support old8r P8OFI8 With housing igSU8S additional infonnation and advice resource to provide 8 warm room In the Pembrokeshire office to provide luitson specffically druund online banking and shopping to improve and develop the Havefforcfviest oTNce. Transfers relate to equipment purchased wnith has been caprtaiiseo. to providè praclical serbices to older veterans in need by delivering a range of support services, Tran8fefS ar8 from unr8slncted funds. tablet loan scheme to F)urchase digital equipm8nt Ltnder th8J h8rdship fund one to Dne support for lonely and Isolaled older people to cAJllecl and record the stories of older veterans for future generations Carm5. CC - Addlllcffial digit81 Carms. CC- Ageing Well Cams. CC - fflobilisats'on gTant CAVO - Project Digital Ceredigion CAVO - Warm Welcorne grant Ceredigion CC- d8menlia pilot Ceredigion IPA Digltal Inclusion Dlgltal Skllls direct payments He1 Davies Residuary Trust HIe1 Dda UHB- Mental Health PAVS - Keep Warm Keep Woll Pernbs. CC - I&A Pemb8. CC - Older Person8 HSG Pembs. Living Well Pembs. Warm Welcome Santander - digilal developm8nl Screwfix Foundation Velerans Foundation Vodafone Wales C¢>operative Centre Welsh Govemmenl- Befnending West Wales Veterans Archive 20
Age Cymru Dyfod Note$ to the accounts continu•d for the y•ar •nded 31 March 2024 6 Cost5 of Charftable aGtlvltles and seTrlceB 2024 Unrestricted fund8 2024 Restricted funds 2024 Total funds 223 Total funds Wages co#ts, inGI. NIC & Penslon Staff travel and training Other staff costs Voluntger expenses Projtrt eqprnenl, materfals and other cost8 Rent and water Heat and Iigrrt Insurance Telephone Printing, pogt8g8 and Stationery Computer and sothvare costs PR and advert18ing other offlce costs R8pair6, maintenance and laa8lng costs Audit Accountancy and Finance support Mark8tlng 8UPPQrt Professional fees Bsiik e.FIArg8S Trustee expenses Bad debts Sundry expenditure Depreclation 319,600 9,680 2,846 643 798,377 28,555 4,071 3,448 1,117,977 38,235 6.917 4,091 920,559 29,663 5,216 3,054 3,109 13,713 6,113 2,962 9,146 3,592 13,258 144 2,240 34.039 17.599 6,754 4,236 8,490 6,556 3,182 4,611 4,696 37,148 31,312 11,8e7 7.198 17,636 10,148 16,440 4,755 8,835 75.171 34,269 ,761 6,645 18,771 7,654 16.725 11.750 11,106 9,116 1,498 9.053 11,803 21,768 2,323 402 691 13.042 2,142 12,952 22,158 3,640 22,005 11,603 45,645 2,849 976 693 22,202 3, 000 21,699 5,843 50,486 2,765 230 139 530 23,877 326 674 858 3,616 446.462 Total expendltuve 983,345 1,429,807 1,261,059 É Costs of Ral8lng Funds 2024 Unrestricted funds 2024 Restricted fun05 2024 Total funds 2D23 Total funds Invesimeni managemeni fees Wages costs. Ind. NIC & Penslon Total expendlture 667 1,133 12.552 13.685 1,454 7,574 9,028 12,552 13.018 667 21
Age Cymru Dyfed Notes to the accounts continued for the year end•d 31 March 2024 7 Tanglble assets Equip¥nt Total At 1 April 2Q23 Addltlons At 31 March 2024 56,476 56.476 8.304 64,780 64,780 rnelatlon At 1 April 2023 Charge for year At 31 March 2024 30,493 30,493 8,935 39,428 39,428 Al 31 M8rch 2024 25,352 25,352 At 31 March 2023 25,983 25,983 8 Flxed ass•ti Inv••lm•nto 2024 Listed investments 2024 Total 2023 Total Balance b IDIsp088ls) Gain l (loss) on revaluation Total 9,241 (9,241) g Debtors and prepaym•nt8 2024 2023 Debtors Prepayments Accrued income Other debtors 226.234 18,595 127,219 15,550 387,598 118,634 17.935 100,705 48 555 285,829 10 Current amet Inve8tmentg 2024 2023 Cash •quiv818nts on deposit 85,000 85,000 340,000 340,000 11 Cash at bank and In hand 2024 2023 Cash at bank C8sh in hand 521,284 194 521,458 272.850 67 272,917 22
Age Cymry Dyfed Notes to th• accounts continuèd for the year ended 31 March 2024 12 Credltors and aGcruals 2024 2023 Credrtors Accruals Deferred Income (see note below foi analysis) T8X8tion and Bocial security Other creditors 24,834 19,493 136,295 16,187 3,323 1S9 932 21,191 30,006 39,639 13,723 2,e90 107 249 13 Drferred Income D8f8rred lo next year Released from last year Grant- Hywel Oda UHB Grant- Hywel Dawe5 Re5iduary Trust Grant - Adferiad Grant- Age Cymru Grant - Hywel Dda UHB 31,533 s,coo 9,707 42,000 48,055 136 295 129,639) 110,000) ttem name Reason for deferral Grant- Hywel Dda UHB Grant received for the Social Indusion woject lor the period from 1 April to 30 June 2024, Invoic6d in March 2024. Grant - Hy•vel DaeS Granr received for 202&25 Rèsiduary Trust Gr8nt r8C81v8d for 202&24 an4J 2024-2S Gr8nt - Adrarl8¢J Grant received for the period from l April to 31 July 2024, InVced in March 2024. Grant- Age Cymru Grant received for 202425. Invclced In March 2024. Grant - He1 Dda UHB Grant received for Ihe West Wales Dementsa Wellbeing Connector Service lor the penod Irorn 1 Apnl to 30 June 2024, Invoiced In Marth 2024. 23
Age Cymru Dyfed Not•s to th• accounts continued for the y•ar ended 31 March 2024 14 Deslgnated fund¥ Balance bff Incoming Outgoing Transfers Balance cff Planned closur8 Costs Servlce development Markets'ng support Ceredigion I&A service Veterans, support 175,5tK) 35,000 20,000 10,585 (1,500) 174,000 27,788 20,000 7,212 14,610 19,757 14,610 9,172 231473 Fund name Planned closure costs Reason for deslgnatlon to mitigale the nsks of unplanned closwe or a substantlal raduclion in activities, including statulory redundancy obligatsons, building18a8e commitments and dilada'0ns. The n81 provision was deuess8d during the year- although provision for redundancy118biliti88 increased, rernaining le8se commilments were reduced during the year. to 6nable the funding of senAce develoF4nent opporturiitias identified within the strategic businè88 p18n. The prDvision was revi8lt8d and reduced in the year as a result ol amended pn'on'tles. lo tund the costs of a marketing m8nagÈf and assoclaied costs. lo fund a core information and advice ser&4ice in Cer8digion, pending rther dlscusgions to obtain appropnate gront incomé. to supFlwnent grant fundin9 for veter8ns" projects lo CA)1nUe the post of veieraiis, coordiniltor. Ser*lce develotvnent Marketlng 8upp¢xi Ceredigion I&A sanfjc8 Veterans, support 15 Rolatgd party tran8actlons Trusta• •xpon•08 During th8 year 3 trustees were paid a total of £976 In respect Df travel {prevlous year.. 2 tru$teeg and £230). Trustee remuneratlon and beneffts No truslee received any remunerab'on or benefit during thi8 Of the previous year. Trusiee Indemnlty Insurance was Included In the charws iota Insurance costs In both years and not S8paralely Identified . 16 Op•r•tlng l••••• Expected future minirnum18asè p8yments over the rernaining1rf8 of the lease, analysed into the pariod in which the commitment falls due.. 2024 2023 Within oné yèar In the second lo fifth years inclusive 29,883 16,871 46,754 32,568 37,114 69,682 24
Age Cymru Dyfed Stat•ment of Flnanclal Actlvltl•s Includlng comparatlve5 for all funds (including summary income and expenditure account) for the year ended 31 March 2024 2024 2023 2024 2023 Unrestrie(ed Unrestricted R8slncled Restncted funds funds funds funds 2024 Total fund8 2023 Totsl funds Income Donalions and legacies Income from charitable activit188 Income from other tradlng acts"vits"es Olner income Inve8tment inccrne Total Income 20.176 333,097 6,003 3,478 46.877 316,992 1.067.020 7,857 1,394 20,176 46,877 817,685 1.4t)J,117 1,134,677 6,OQ3 7,657 3,478 1.394 6,470 817,685 1,445,488 1,197,075 378,468 379,390 1,067.020 Exp•ndltur• Advice, information & anc418ry 88rvic 446,462 Rai8ing furids 13,018 Total expendlture 4Jf9,480 Nei galnslllo88e8) on investrnerrts N•t Incom• l {•xpendltur•) Transfera between fund8 Net movement In funds 473,609 7.574 481,183 {8641 181,012) (102,8571 8d,QO8 28,781 5699 14 245 (75,313) (116,9021 77.309 43,026 690,251 807 153 614,938 890,251 983,345 667 984.012 788,904 1,429,807 1,262,513 13 685 7,574 788,904 1,443,492 1,270,081 {8641 {73,8761 1,996 1,996 (73 876) Fund balances brought forward Fund balances c•rrfed loard 127,229 204,538 84,203 127.229 817 480 819,476 891358 817,480 25