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 Olnt*r
Slmon Wrlght
Chartty number
1155813
R8gi3t8r8d in England and Wales
Reglstered and prlnGlpal addre88 Bankarn
27 Plèr ￿treet
CAF Bank
AbE+ryS￿Y1h
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 Wel￿￿e1￿9, 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 aC￿￿tIes, 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 c￿tr9Cl3.
Our comrnrtment to quality has been re8ffirmed wlth the reawlcatlon for exlstlng quallty standards
8nd tho raceipt of new acCredi￿li0ns, 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 offiC￿bAssd 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 Ca￿arthen 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 inta￿entiOnS 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 seD*ice, 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 reprès￿1ad 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 re￿eW 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 Èub*tanti81 rèduction in act1￿1188 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 fl￿￿6ng 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 exp￿dItUre. 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 Sep￿CeS 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 gener￿e 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 $tr8t•gy, whil8 contlnually
Ir8nslormlng our ways of workSng.
In 2024, Ihe 8ucce88ful acquisition of 8ddltion81 long-term funding for fjemenlla Servlces has
expanded our 8￿ff knowl8dgo tsss8. LDoklng ah@ad, wa anllclpate securlng further long.teim
t8nd8rs ovw lh8 next 12 months Bnd are actsvely explonng options to refi?5h and expand our
b8lri8nding services.
ACD18 8180 focused on Incr8aslng staff retents'on and Job security by upskilling our team and
maintainlng a core of hSgNy qualrfied, kno￿edgeab1e staff capat4e of tran5rtioning acro¥s various
funding streams.
Moving fon•V8rd, ACD will continue to pursue long-tenn contracts, building on our strong r8lats'on8hip8
with th8 hèalth haArd and county c￿ncil$. 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 AccoL￿tIng 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 f￿r 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 V￿th reasonable
accuracy al any time the financial positson of the charltatle company gnd to 8nable them to ensure
that the finsncsal accounts CoM￿Y 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 o￿Th0n 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 SUffl￿￿t and appr<)priate to Pro￿￿e 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 signific￿t 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 authO￿Sed 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 Inforn￿tIOn 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 Irfo￿nation is matenally inconsistent wilh Ihe financial statements or our
knowledge obtained in the audit or OtheN￿Se 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 Mat￿la1 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)8tit￿s w8 r8qu4rè our audlt.
Responslbllltles of truste•s
As explalned more fully In the Statement of Trustees, ResponSibili￿.8S, Ihe trustees are reSp￿S¢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 trust￿9 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'c￿s 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 Misstatem￿1, 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 rup4wHI￿lrtI￿ tor th• audit ot th• hnanw*l 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 rela￿onShIPs..
-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 n0￿Compl18nee.
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 resp0nslb1ll￿es 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 Y￿th Part 4 ot tho Chanties
(AGcounts and Reports) ftegulalions 2008. audit work has been undertak￿1 $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
N￿￿own
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 lo￿ard
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 p￿0d (as per
thp %tAlpm?nl Df flnAndAI aCtI￿lI￿s)
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 a￿1 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 cert￿nty.
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.1￿8c0verabIe 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
obic￿lveS of the eharlty
Designated funds are unrestn'cted funds eamiarkèd by tria tru$taas for particular pU￿oseS.
Re5tncted funds are sublecled to rastrtctions on théir expertditure impose(I by Ihe donor or through the
terms of an appoAI.
Furthèr axF￿8n8lian 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
2￿24
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 Per3￿8 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
w0￿er8 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
H￿e1 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 arc￿nd cost of Ilving issues
Age UK - Dementla MCST woi8Ct lo support peoFde wlth mild to mod*rat8 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 PrO￿de 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 Sor￿ce 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 add￿sS 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
H￿e1 Davies Residuary Trust
H￿Ie1 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
2￿23
Total
funds
Wages co#ts, inGI. NIC & Penslon
Staff travel and training
Other staff costs
Voluntger expenses
Projtrt eq￿prnenl, 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¥n￿t
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 Da￿eS
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, InV￿ced in
March 2024.
Grant- Age Cymru
Grant received for 202425. Invclced In March 2024.
Grant - H￿e1 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 dila￿da￿'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 lo￿ard
127,229
204,538
84,203
127.229
817 480
819,476
891358
817,480
25