2023-03-31-accounts

Charity registration number: 1174222 Company registration number: 8212122

AGE CYMRU POWYS

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

AGE CYMRU POWYS

ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

INDEX

Page
1 - 9	Report of the Trustees
10	Independent Examiner’s Report
11	Statement of Financial Activities
	(including Income and Expenditure Account)
12	Balance Sheet
13 - 19	Notes to the Financial Statements

AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees are pleased to present their Annual Directors' Report together with the Financial Statements of the charity for the year ending 31 March 2023 which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes.

The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

Chair's Introduction

Last year was a challenge to everyone because of rising fuel prices and the cost of living crisis affecting especially the vulnerable elderly on a low income. Age Cymru Powys was able to help 2,205 older people, their carers and families in many ways, thanks to the hard work and dedication of a small group of staff and volunteers.

The launch of the latest project called the "Later Life MOT" enabled our staff to assess the needs of the individuals in all areas of heath, home, isolation and loneliness, later life planning and financial needs. This new project already has benefited so many older people and has helped them put preventative strategies in place as they get older.

The ongoing services have continued to grow like the Mamwlad project, supporting older farmers often in crisis. Our befriending and community volunteers have had a massive impact into addressing loneliness and isolation for many who have no one. Our benefit check service and home energy check and energy advice has supported older people at risk of fuel poverty, enabling them to manage rising fuel costs and claim benefits they did not know they were entitled too. Simply Nails, our toenail service has continued to grow, to benefit so many older people. The clinics are a hub for all services across the county. Helping older people to live an active life without painful nails and the ability to access all our other services. All of our services continue to be greatly appreciated and very busy.

Our quality-accredited services are relied upon by statutory and non-statutory organisations to fill essential fundamental gaps in service provision for older people. We work with many third sector organisations, Adult Social Services, Safeguarding Teams and the NHS to deliver tailored packages of support .

. None ofthis would be possible without funding. Our CEO Gail Colbridge and Operations Officer Sarah Bone who worked tirelessly and successfully throughout the year on funding applications that have impressed many of our supporters and funders, along with the Board of Trustees .. I would like to thank the grant funders, clients, families and communities for their donations that support our vital work.

On behalf of my fellow Trustees, I must thank the team of staff and volunteers for their commitment and dedication.

I am sure that in the coming year many more people in Powys will feel the benefit we have undertaken in their lives.

Christopher Eatherton Chair of Trustees

AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

OBJECTIVES AND ACTIVITIES

Age Cymru Powys will work to improve quality of life for older people* in Powys.

*All people can be in need of help at certain times of their lives. Older people in need will be those who are isolated geographically, socially or economically in Powys or who have health needs which impact upon their lives. This will be the group for whom our services will be focused.

The aim of Age Cymru Powys (ACP) is to provide excellent quality services tailored to the needs of older people in Powys. To raise the profile of age issues and enable the voices of older people to positively influence policy and provision.

Be the valued, effective, reputable and expert provider of services

We will:

• Involve older people in what we plan, deliver and evaluate, positively promote older age and deliver services that are relevant for older people in Powys

• Maximise the use of volunteers in supporting our organisation and our service delivery

• Achieve Age UK I&A Quality Programme, Standards for Health Services in Wales, Quality Performance Mark

• Monitor and evaluate all aspects of our work and of the organisation and measure the impact we have on older people

• Make the most effective and efficient use of our limited resources and seek to broaden our funding base to increase our sustainability

• Continue to promote and invest in learning and development opportunities for our staff

• Ensure good governance and legal compliance through investment in and support for trustees

We work to collaborate with other organisations across Powys and Wales enhancing services and avoiding duplication

We will:

• Continue to develop our knowledge and awareness of services available to support older people and make links with these services to enable effective signposting and referrals

• Maintain our existing links with services we refer into

• Develop further effective partnerships to holistically meet the needs of vulnerable older people

• Attend and contribute positively to relevant networks within Powys and Wales

• Consider all service development proposals as potential partnerships

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AGE CYMRU POWYS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 All Services Impact 2022-2023 agecymru Impact of Advice & Support including Later Life MOT. Befriendingg Footcare. Home Energy Checks and services for Veterans and Fornye 2,205 2,419 people SUPKK)rted benefits advice 8iveri 14,053 5,158 261 care at horne issue5 contacts problems solved Wegained 171 40% Blue Badge a￿1 trnvel issues of thè people we support a unpaid carÈrs in unclairned benefits forolder Powys people 386 27% consumer and ener8V issues have Memory 86% ££ | 66% ££ ££ ££ 88 15% of clientswerÈ vulnerable due to disabilities or low income or socially isolated of oldef people and theircarers needed help with form filling of older pe￿@ told us they We￿ stru￿ling with their mental health How we provided support 1,029 61% 100% home visits tondutted- we are one of the onlv providers locally that providÈ homÈ visits wanted support at home not in their community. because of thÈir disabilily and fraitty said they received ex￿lIent supwrt Our top rnl•rrnvs Local & national charities 83 1000/0 people on waiting list still requiring ￿J1 support unmet need, we need to crease c3paoty of people could ac￿55 the service in Webh 4 Health professiC￿al5 4 local Authority 6,901 | 1,064 | 1,752 Ad￿ce Quality stsnd8rd- Quallty Mark Achlevèd telephorne calls emails written oldÈr people self-referrals

AGE CYMRU POWYS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023 Case Study: Powys Gwyneth, Retired Sheep Farmer agecymru Fun, lou hter and form-fillin A retired sheep farmer> Gwyneth, 8 contacted Mamwlad to help her maintain her independence due to a debilitating heallh condition arKI motslity i55ue5 that TM•re restricting her quality ol lile. Elin, IAamwlad Cas8work•rat Car• & Repair Powy5> caThied out a Healthy Home Assessment forGwyneth and advised she may also b• entitled to financial supporL Elin arrdn9ed for Gèthln, Age Cymru Powy¥ Alamvllad Support Olficer, tovist Gwyn•th at hom. Gwyneth and Gethin spent some time discus&n8 what hÈlp would make Gwyneth's lifÈ better and easier. and Gethin helped Gwyneth to applv for the support she wa5 missing out on, irncludin8= Higher Rate Attendante Allowance Pension Credit FLJII CoLJntil Tax R￿1￿Ch(￿n Free TV Licence Warm Home5 Discount Weofv immediateprurtkal support for older Powys residents. The result has beer) a positive impatt on Gwyneth's mental well-bein& as the Èxtra financial 5UPPOrt help5 her to live independentlv at home without the need to use her savings for everyday liwng cost5. A8È Cymru Po￿. Old Warèhouse, Parkers lane, NewttrAfn, Pts￿, SY16 2LT Tel.. [phone] E-mail.. [e-mail] In Gwynethls words... -my life 15 a lot easer Thow and I do not worry about having bills now. as I have this extra money corning in. I've enjoyed Gethin's company on home wsits to complÈtÈ the v)riou5 forms and we had a lot of fun & laughter along the wav would recommend Mamwlad to my friends and family in the farming communrty.- Follow us on: facebook.com/agecymrupovrys rwitter.com/agecymrupowys instsgram.com/aBerymrupowy5 •4eCymru P￿￿areg￿er@dcharltylL74222 rnAed bypJwarnee08212122 IAQF -_~

AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Information, Advice, Assistance

Age Cymru Powys operates a free, confidential information and advice service for people aged 65+ but the focus of our work is for vulnerable older people who are marginalised. We also support their carers and families.

Age Cymru Powys can offer information and/or advice on the following:

Benefits and money

• Carry out a benefit check – covering pensions, means-tested benefits and disability related benefits.

• Consumer issues including support to save money on energy bills, switching supplier, accessing grants to combat fuel poverty.

• Provide support in claiming benefits or helping the older person access other financial help.

• Challenge benefit authorities if the decision is not in their favour – or refer on to an independent advice agency to do so.

Social care

• Advise users on statutory and non-statutory social care services available, on eligibility criteria (financial and non-financial) and whether they may be eligible and what other options are available.

• Provide support in gaining access to social care services and equipment.

• Challenge statutory authorities if user has difficulty gaining their rights – or refer on to Local Authority or Health Board funded Advocacy Service.

Housing options

• Use advice skills to help users assess their housing needs. Help users access other local independent advice agencies if available.

• Make available to client’s details of local sheltered housing and residential care options, and other housing and maintenance options.

• Refer on to national level specialist support where appropriate.

Local Services and support

• Keep up to date and make available to users, details of local services and support, both statutory and non-statutory, which are appropriate and beneficial for older people.

Support is provided face to face, at home, over the telephone and in communities. Delivering holistically based on needs for older people with disabilities.

Age Cymru Powys has alternative office status granted by DWP and all of our Advice staff are pension service nominated officers and are able to verify documents and are able to help with filling out forms, avoiding the need for clients to send sensitive information through the post.

Mamwlad – Information, Advice, Advocacy service for older farmers and their families across Powys. Collaborative working with Care and Repair Powys, our work targets the farming community who are naturally independent and reluctant to seek help. Enabling them to plan for later life and to access support that is holistic to their needs. Supporting those on a low income and can be asset rich, providing benefits support and assistance to reduce poverty and social isolation.

Veterans – The aim of this project was to ensure that the most socially and physically isolated older Veterans in Powys access to support services to improve their quality of life. Through collaborative working with other partners in Powys it targeted the Veteran community who are naturally independent and reluctant to seek help. We provided Information, Advice, Advocacy service for older veterans across Powys, enabling them to access support to improve the quality of life, identify unclaimed benefits preventing poverty. In addition support tackling loneliness and isolation by providing wellbeing activities in communities across Powys.

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AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Warm Home Initiative Home Energy Checks

Age Cymru Powys was funded by Age UK and EON to support vulnerable older people check if they were staying warm and offering a home energy check. The home energy check was either delivered over the telephone or at the home address. The Home energy officer would holistically discuss home energy and would install small measures to save money of the vulnerable older persons energy bills. Items installed, were light bulbs, radiator foils, draft excluders, timers, boiler jackets. We also would referrer them to providers if we identified they may benefit from a new boiler or other energy efficiency scheme.

The Home Energy Officer provided practical advice in the home on:

• General: electrical safety; health and cold, damp housing.

• Behaviour-change: energy use and energy saving practices.

• Systems, appliances and devices: safe, energy-efficient usage; temperature controls and timers.

• Money matters: income maximisation (benefits, winter fuel payments, warm home discount, cold weather payments) and budgeting; bills and smart metres; energy debts and solutions (supplier and hardship funds) ; access to loans and grants (Nest, Arbed, ECO schemes etc).

• Energy suppliers: legal rights/responsibilities; payment methods; tariffs, capping and priority services register; switching.

• Building/technical: energy efficiency improvements; water ingress, damp, condensation and air quality solutions.

• Private tenants: legal rights to supply, systems, appliances and energy efficiency improvements.

• 'Warm' referrals to relevant services.

During this period 70 Home Energy Checks were provided across Powys.

Simply Nails

Simply Nails delivering footcare and nail cutting since 2010. The service is mainly for people over the age of 50 with disabilities, who are no longer able to reach their feet due to several health reasons such as sight impairment, arthritis, hip operations or simply find it impossible cut their nails. Most of our clients are aged between 75+ to 94+. 8 trained volunteers supporting the service.

Active service in 9 communities every month.

The service provided a massive 1291 individual toenail-cutting appointments during April 2022 – March 2023. Delivering 104 community sessions. 252 new clients attended.

• Health and wellbeing checks at each appointment.

• Professionally delivered Qualified Foot Care Practitioner overseeing project.

• The service provides a critical and much-needed service for older people in Powys.

• The service reduces the likelihood of falls and the associated cost for health services.

• The service enables access to older people, who may not otherwise engage e.g., on vaccines, falls prevention, aid, and adaptations.

• The service undertakes ‘early identification’ of future potential issues e.g. physical and mental health, isolation, Protection of Vulnerable Adults, poor access to other required services, thereby preventing escalation of needs to critical levels.

• The Simply Nails service is provided as part of a holistic package to older people by Age Cymru Powys, including information and advice and advocacy

• The service reduces isolation, by giving people the opportunity to access telephone befriending calls and community volunteering.

• The service has established referral routes and partnerships with other key delivery agencies in the statutory and voluntary sector e.g., Care and Repair, social care, GP’s.

• The service offers a range of opportunities for volunteers including developing new skills, knowledge and experience, increased employment prospects.

• Encourage older people to become more independent.

• Prevent falls and are therefore a huge cost saving to the NHS.

• Encourage cross networking; Simply Nails volunteers refer to the GP or POD if they see any suspicious marks on legs, which could become a lot worse.

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AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

Volunteering

Volunteers provided much valued help, time, and skills enabling older people to remain independent and to be less lonely and isolated. 37 volunteers give their time and support older people across Powys.

Our Wellbeing Support Volunteers to support vulnerable disabled people aged 65+ across Powys.

Our mission is to fight loneliness so no one is left coping alone and improve wellbeing. Creating community through volunteering. Our casework evidences the Cost-of-Living Crisis is causing the elderly disabled in Powys to cut back on heating, eating and paying for care at home, and is causing social isolation. Lack of community centres/health centres/social clubs/meeting opportunities, combined with the Cost-of-Living Crisis, is causing a vicious cycle of loneliness. People on low incomes are pushed into isolation as they’ve little money to socialise.

Those with disabilities/long-term health conditions (89% ACP clients) face mobility / lack of transport issues which can lead to them becoming housebound without community support.

Age Cymru Powys volunteering programmes are essential part to improving the lives of older people across Powys.

Organisation achievements

Age UK Organisational Quality Mark which is endorsed by the Charity Commission Advice and Quality Mark Living Wage Employer Age Friendly Employer Disability confident Employer Achieved the Befriending Quality Mark Signed up to the Armed Forces Covenant

PARTNERSHIP

Partnerships and networks

Employees and trustees of Age Cymru Powys attend the following partnership and network meetings:

• Older Peoples Partnership Board

• Farming Network

• Powys Advocacy Network

• Dementia Friendly Communities Group

• Age Cymru Information and Advice Network

• Age Cymru Chief Officer’s Network

• Age Cymru Advocacy Network

Wider networks

Age Cymru Powys is committed to working in partnership across the County of Powys, within Wales, the UK, and with the wider Age Cymru movement. We are a member of voluntary sector umbrella organisations; Powys Association of Voluntary Organisations (PAVO) and Wales Council for Voluntary Action (WCVA). Employees and trustees are members of a wide variety of networks, partnerships and working groups covering a range of topics from advocacy, adult protection, I&A and public affairs.

FINANCIAL REVIEW

Total Incoming Resources in the year were £228,741 (2022 - £232,895). Expenditure was £286,795 compared to £283,655 for the previous year. Net expenditure for the year was £58,054 compared to £50,760 for the previous year. The net movement in funds were net expenditure for Restricted Funds of £28,038 (2022 - Net expenditure £42,585) and net expenditure for Unrestricted Funds of £30,016 (2022 - Net expenditure £8,175) details of which are provided in the notes to the Financial Statements.

Principal Funding Sources

Details of principal funding sources for the year ended 31 March 2023 are provided in note 2 of the Financial Statements.

Reserves Policy

The Trustees will establish a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, or held in designated funds, (‘the free reserves’) held by the Charity should be between three and six months of budgeted expenditure which is estimated currently would be £150,000. At this level the Trustees feel they would be able to continue the current activities of the Charity in the event of a significant drop in funding. The actual free reserves at 31 March 2023 were £106,970 (2022 - £133,313). which falls below the target level at this date. However, the trustees are aware of this and have a strategy to build reserves through planned operating surpluses in future years .

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AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

Age Cymru Powys is a registered charity, number 1174222 (formerly number 1149048) and is a private company limited by guarantee and not having a share capital, number 8212122, which was registered with Companies House on 12 September 2012.

Key Management Personnel

The trustees and the Chief Officer are the key management personnel. During the year, all trustees gave their time freely and no trustee received any remuneration.

The Chief Officer’s salary is benchmarked against senior staff in other similar voluntary organisations, including other equivalent sized local Age Cymru partners. Our policy is to review the pay of all staff on an annual basis. Where funding allows, we will seek to increase salary in accordance with the living wage.

Major risks

Age Cymru Powys undertook a comprehensive strategic planning in January 2023. This identified possible risks and opportunities for the organisation. The subsequent risk register is reported to Board meetings. Actions have been taken to reduce risks and develop possible opportunities. For example, dependency on certain funding streams has been addressed by seeking funding from a wider variety of sources and undertaking fundraising for unrestricted funds.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity Name:	Age Cymru Powys
Registered Charity Number:	1174222
Registered Company Number:	8212122
Registered Office:	Old Warehouse
	Parker Lane
	Newtown
	Powys
	SY16 2LT
Trustees:	Christopher Eatherton	Chair
	Michael Harris
	Gwyneth Bird
	Adrian Foulkes
	Howard Russon	Appointed 5 September 2023
	Alan Hill	Appointed 11 November 2023
Secretary:	Gail Colbridge
Bankers:	HSBC plc
	The Cross
	1 Broad Street
	Newtown
	Powys
	SY16 2LX
Independent Examiner:	A C Jones BSc (Econ), FCA
	Andrew Jones & Co
	Chartered Accountants
	The Old Surgery
	Spa Road
	Llandrindod Wells
	Powys
	LD1 5EY

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AGE CYMRU POWYS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

ACKNOWLEDGEMENTS

Thank you

Thanks must be given to the following for the support we have received over the year. We are grateful for funding from all our funders. Thanks also to all those individuals who have kindly donated money and their time to support the work of Age Cymru Powys throughout the year

RESPONSIBILITIES OF THE BOARD OF TRUSTEES

The trustees (who are also directors of Age Cymru Powys for the purposes of company law) are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these Financial Statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP;

• make judgments and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements, and

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The Report of the Trustees has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2015) and in accordance with special provisions of Part 15 to the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees on 8 December 2023 and signed on its behalf by:

Christopher Eatherton Chair

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AGE CYMRU POWYS INDEPENDEPff EXAMINER'S REPORT TO THE TRUSTEES OF AGE CYMRU POWYS l ieport on the accounts ofthe Chaiitsb Crynpany eThJed 31 Marth 2023. whith a￿ set out on p&aes 10 to 18. Re$p•etlve Responslbilities of Tw¥tees and Examlner The Charity's Trustees (who a￿ the director5 ofthe cunpany purposes ol cornpany lawl are responsibfe lor the preparation of tre accounts. The Chantr<s Trustee5 cOns￿er that an a￿y1t is nol required for this year under Sèthon 144121 of the Charibes Ad 2011 lthe 2011 Act) and Ihat an independent examination is needed. Having satisfied myself that ts tharity i8 not sutyerA lo audrt ccffipany Law arKI 15 eligiblè for indapen¢nt . èxamination. rt is my respon$it411ty 10". • examine the accounis u￿r sectK)n 145 of Ihe Charits Act 2011, to fonow the proceduTe5 laNJ dovm in 9erEral Dire¢bon5 gNen by th• Charity Comrnission uThJer section 1451Sllbl of thè 2011 Aet, and to statè whet￿r parttular matters have ccxne to my attenb"¢M. Basis of Independent Examlner's Report My examinab.on was carried out in accnrdance with the General Directions given by the Charity Commission. An examination includes a ￿V￿• ol the acmuntiw ¥ecord5 kept by the Charty 8￿j a eompari50n of the accounts pffjsenied wth Ihose records. It aLso ir￿lUdeS con5iderabon of any unusual items or di5dosures in the accounts, and seeking explanations from you as TnJ5tees con￿MIng any such matters. The Pro￿dureS uThdertaken do noi prothde all Ihe eviden￿ that would te Tequired in an 3￿j11 and. consequenuy. no ¢¥Jinion is given as to Nvhethw the accounts present a'true and fair vpw. aryj the report 15 limrted to Ihose maller5 S•t out in the statement bebw. Independont Examiner's Stathment ln Connecti￿ wth my exarninab￿. no matter has come to my attentK)n'. which 9iv•s me ￿aSOna￿e cause to believe that. in any material resFect. the requirernents (al lo keep a￿)Unting records in aCCordar￿ with sed?n 386 ofthe Companie5 Act and Ibl ¢0 prepare accounts which accord wih Ihe accounb'ng records to cornply with the accounts.ng requiremenls of Secti￿ 396 ofthe CornpanEs Aci 2(￿% and have not been rnet," or to whith. in my opinion, attention slK)ukl dM¥n in (xder to ￿nat￿ a prop8r understandiry ol the accwnts be reached. A C Jones Bsc IE¢onl FCA Andrew Jones & Co Charte￿￿ A¢etyJntant$ The Old surgery Spa Road Uandnndod WelLs Powys L01 SEY 8 De¢ern￿r 2023 10

AGE CYMRU POWYS

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023

INCOME Note Donations and Legacies Charitable Activities Other Trading Activities Investment Income TOTAL INCOME 2 EXPENDITURE Costs of Raising Funds Charitable Activities TOTAL EXPENDITURE 3 NET INCOME/(EXPENDITURE) BEFORE TRANSFERS Transfers Between Funds 5 NET INCOME/(EXPENDITURE) AND NET MOVEMENT IN FUNDS FOR THE YEAR Total Funds Brought Forward Total Funds Carried Forward	Unrestricted Funds £ 616 43,794 25,514 176 70,100 80 100,036 100,116 (30,016) - (30,016) 138,752 108,736	Restricted Funds £ - 158,641 - - 158,641 - 186,679 186,679 (28,038) - (28,038) 109,874 81,836	Total Funds Year Ended 31/3/2023 £ 616 202,435 25,514 176 228,741 80 286,715 286,795 (58,054) - (58,054) 248,626 190,572	Total Funds Year Ended 31/3/2022 £ 1,981 204,812 26,097 5
				232,895
				1,320 282,335
				283,655
				(50,760) -
				(50,760) 299,386
				248,626

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on pages 12 to 18 form an integral part of these Financial Statements.

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AGE CYMRU POWYS BALANCE SHEET AT 31 ￿RCH 2023 2023 2022 FIXED ASSETS Not• Tangible Assets 2.176 6,223 2.176 6,223 CURRENT ASSETS Dèbtors 55.478 84,245 Cash at Bank and In Hand 143.853 171.861 199,331 256.IC CURRENT LIABILITIES Credit¢rs falh'ThJ due wthin one year {10.9351 113.7031 NET CURRENT ASSETS 188.3£6 242,403 NET ASSETS 11 190.572 248.626 THE FUNDS OF THE CHARITY Unre5lricted Income Funds". General Funds 108.736 138.752 UnrestrKled Fund5 108.738. 138.752 Restricted Funds 10 81, 109.874 TOTAL FUNDS 1￿.$?2 248.626 Foi the year in Q{￿￿'0n. the charitable cornpany wa5 gnlilled to ex8mption frorn an 8￿j11 under section 477 of the Companies Act 2(Th. The mernbers have not wuired the CharItsb￿ company lo obtain an audit ol rts w)unts for the year in question in ac￿rdan0 stttson 476 oftt Act. The Tru5te85 ad(nowWe Iheir rewnS1￿11￿es for C(￿plYing with Ihe wuirements of the C¢vnpans Act 2006 with respect to accounbng records aThJ the P￿par8D"0n ofthe a¢￿unts. Approved by the TIu5tees on 8 Dtcember 2023 arKJ sgned on tr*ir tehall by.. Chnstopher Eatherton Chair Corripany registrat￿n No. 8212122 The rL)tes on pages 12 10 18 IIKM an integral part ofthese Fina￿al Stalen￿ts 12

AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1 ACCOUNTING POLICIES

Basis of Preparation

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) – (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is not required to prepare a Statement of Cash Flows.

The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of Accounts on a Going Concern Basis

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Exemption from Preparing a Cash Flow Statement

The charity opted to adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements .

General Funds

These funds are available for the general purpose of the charity, to be use in the accordance with the charitable objects at the discretion of the trustees.

Restricted funds

These are funds that can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when a specific donor or when the funds are raised for a particular purpose

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

The charity is fortunate in the level of support it receives from volunteers, without which considerable expense would be incurred. It is not thought meaningful or practicable to put a monetary value on this support, but the trustees are extremely grateful to those who provide it.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Charitable activities

This includes all expenditure directly related to the aims of the charity.

Governance costs

These costs include the costs of governance arrangements, which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, service delivery and programme of project work. These include such items as external Independent Examination, legal advice for trustees and 10% of the salary cost of the Chief Officer for time spent on dealing with constitutional and statutory requirements.

Expenditure by the charity in the year has been split between Unrestricted Funds and Restricted Funds and analysed between charitable activities, governance costs and the cost of generating funds.

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

ACCOUNTING POLICIES (CONTINUED)

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided so as to write off the cost of an asset over its useful economic life, which is considered to be between 3 and 5 years at 33.33% and 20% straight line.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Basic financial liabilities

Liabilities are recognised in the Statement of Financial Activities as they become payable.

Retirements benefits

The charity operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the charity. Contributions payable are charged to the profit and loss account in the year they are payable and are charged against unrestricted funds.

Leases

Rental costs under operating leases are charged to the statement of financial activities in equal amounts over the period of the lease

Taxation

As a registered charity, Age Cymru Powys is entitled to the exemption from taxation in respect to income and capital gains received with sections 478-489 of the corporation tax Act 2010 and section 256 of the Taxation Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects purposes only.

Debtor

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Creditor and provisions

Creditor and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party at the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2 INCOME Donations and Legacies: Donations and Gifts Income from Charitable Activities: Grants Receivable Service Contracts Other Trading Activities: Fundraising Income Session Income Other Income Investment Income: Interest Received TOTAL INCOME GRANTS Grants received in the year were as under: Powys Training Health Board Age Cymru / UK Mamwlad Citizens Advice Ceredigion EngAge Western Power Moondance Veterans Project	Unrestricted Funds £ 616 616 10,000 33,794 43,794 44 24,157 1,313 25,514 176 176 70,100 Unrestricted Funds £ - 10,000 - - - - - - 10,000	Restricted Funds £ - - 158,641 - 158,641 - - - - - - 158,641 Restricted Funds £ 11,500 18,406 73,562 - 7,695 7,064 38,664 1,750 158,641	Total Funds Year Ended 31/3/2023 £ 616 616 168,641 33,794 202,435 44 24,157 1,313 25,514 176 176 228,741 Year Ended 31/3/2023 £ 11,500 28,406 73,562 - 7,695 7,064 38,664 1,750 168,641	Total Funds Year Ended 31/3/2022 £ 1,981
				1,981
				173,395 31,417
				204,812
				604 25,012 481
				26,097
				5
				5
				232,895
				Year Ended 31/3/2022 £ 23,319 51,842 61,888 17,500 12,300 6,546 - -
				173,395

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

3 EXPENDITURE Costs of Raising Funds: Fund Raising Charitable Activities Costs Directly Allocated to Activities: Staff Costs Building Costs Staff Travel and Subsistence Office Costs Direct Project Costs Professional and Legal Fees Sundry Costs Depreciation of Owned Fixed Assets Governance Costs (See below) Analysis of Governance Costs Staff Costs Independent Examination Accountancy Legal Fees Trustee Meeting Expenses Bank Charges	Unrestricted Funds £ 80 80 59,769 2,543 7,064 11,823 4,623 4,640 - 3,053 6,521 100,036 3,919 600 1,500 128 167 207 6,521	Restricted Funds £ - - 152,069 11,332 10,931 5,573 3,980 1,800 - 994 - 186,679 - - - - - - -	Total Funds Year Ended 31/3/2023 £ 80 80 211,838 13,875 17,995 17,396 8,603 6,440 - 4,047 6,521 286,715 3,919 600 1,500 128 167 207 6,521	(Restated) Total Funds Year Ended 31/3/2022 £ 1,320
				1,320
				210,592 17,122 16,082 14,654 6,937 4,795 - 4,244 7,909
				282,335
				4,109 600 1,500 1,333 130 237
				7,909

4 STAFF COSTS

There was an average of 11 employees including part-time (2022 - 11) during the year, whose costs were as under:

Salaries Employers National Insurance Staff Pension Costs	2023 £ 200,009 10,555 5,193 215,757	2022 £ 199,101 10,224 5,376
		214,701

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

5 TRANSFER BETWEEN FUNDS

There were no transfers between funds in the year.

6 TANGIBLE FIXED ASSETS Cost or Revaluation At 1 April 2022 Additions Disposals At 31 March 2023 Depreciation At 1 April 2022 Charge for year At 31 March 2023 Carrying Amount At 31 March 2023 At 31 March 2022 7 DEBTORS Grants Receivable Prepayments and Accrued Income 8 CREDITORS: Amounts falling due within one year Creditors Accruals and Deferred Income Tax and Social Security	Office Equipment £ 24,835 - - 24,835 18,612 4,047 22,659 2,176 6,223 2023 £ 33,934 21,544 55,478 2023 £ 4,502 2,100 4,333 10,935	Total £ 24,835 - -
		24,835
		18,612 4,047
		22,659
		2,176
		6,223
		2022 £ 27,068 57,177
		84,245
		2022 £ 6,482 2,884 4,337
		13,703

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9 UNRESTRICTED FUNDS Unrestricted Funds: General Funds Total Unrestricted Funds	At 1/4/2022 £ 138,752 138,752	Income £ 70,100 70,100	Expenditure £ (100,116) (100,116)	Transfers £ - -	At 31/3/2023 £ 108,736
					108,736

10 RESTRICTED FUNDS Restricted Income Funds: EngAGE Simply Nails Tesco Bags of Help Ageing Well Mature Movers Age UK Isolation and Loneliness Veterans Project Age Cymru / UK - Emergency Hope Project 1 and 2 WCVA - Emergency Community Fund Advicelink Dementia Advocacy Hosting Moondance Mamwlad Western Power Age UK Volunteering Age UK - Cost of Living PAVO - Welfare Collaboration Restricted Capital Funds: ICF I & A Veterans Project Community Fund Total Restricted Funds	At 1/4/2022 £ - - 253 2,207 1,000 38,156 11,512 7,526 1,811 620 4,372 7,500 31,571 - 1,556 1,006 - - 109,090 236 548 - 784 109,874	Income £ 7,695 11,500 - - - 1,750 - 2,400 - - - 5,000 38,664 73,562 - 1,006 10,000 7,064 158,641 - - - - 158,641	Expenditure £ (7,695) (11,500) (253) - - (33,320) (11,512) (4,204) (1,811) - (4,372) (4,179) (31,570) (73,562) (1,556) (151) - - (185,685) (236) (486) (272) (994) (186,679)	Transfers £ - - - - - - - - - (620) - - - - - - - - (620) - - 620 620 -	At 31/3/2023 £ - - - 2,207 1,000 6,586 - 5,722 - - - 8,321 38,665 - - 1,861 10,000 7,064
					81,426
					- 62 348
					410
					81,836

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AGE CYMRU POWYS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

The purposes of Restricted Income Funds are:

EngAGE - grant supports over 50 forum and represents members’ views at strategic level.

• Simply Nails - grant is provided for a Toe Nail cutting service for people aged 50 plus. The project is run by a volunteer coordinator who trains under the guidance of the NHS Podiatry Service local volunteers. We currently operate clinics at Llandrindod Wells, Builth Wells, Brecon, Crickhowell, Llanidloes, Newtown, Llansantffraid, Welshpool, Knighton and Ystradgynlais.

• Tesco Bags of Help - is funding received for the Happy Feet project to purchase specialised equipment for Simply Nails.

• Aging Well Mature Movers - funding for Aging Well Mature Movers.

• Age UK Isolation and Loneliness - funding an Isolation and Loneliness project.

• Veterans Project - identifying older veterans who may need support providing low level advocacy.

Age Cymru / UK Emergency - rapid response and scale up work in response to covid 19.

• Hope Project 1 and 2 - working together to deliver low level advocacy provision across Wales through partnership working with brand partners and Age Connects across Wales.

• WCVA Emergency - to support older vulnerable people in Powys in response to covid 19 pandemic.

• Community Fund - to support older vulnerable people in Powys in response to covid 19 pandemic.

• ICF Powys D2RA - to support older vulnerable people in Powys in response to covid 19 pandemic and to scale up offering home from hospital support and I&A advice.

• Advicelink - delivering I&A provision in collaboration with Citizens Advice in West Wales and Age Cymru Dyfed.

• Dementia Advocacy Hosting - Working together as a network to deliver dementia advocacy provision across Wales through partnership working with brand partners across Wales.

• Moondance Foundation - to support vulnerable older people at home and in their communities by providing information, Advice and Assistance

• Mamwlad - funded by Welsh Government to support older farmers and their families in Powys.

• Western Power - to support energy advocacy across North Powys to vulnerable older people at risk of fuel poverty

• Age UK Volunteering - to support a Wales-wide strategic volunteering approach to enable better support, processes and training for volunteers.

• Age UK Cost of Living - to support older people through the cost of living with Information and Advice triage, Wellbeing Community Sessions and befriending.

• PAVO Welfare Collaboration - to support older people waiting for care and support packages through providing I&A and advocacy working in collaboration with Powys County Council and PAVO Community Connectors.

11 ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Funds Restricted Funds	Tangible Fixed Assets £ 1,766 410 2,176	Net current Assets £ 106,970 81,426 188,396	Total £ 108,736 81,836
			190,572

12 TRUSTEES REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the Charity was paid or payable in the year to any Trustee or to any person or persons known to be connected with any of them (2022 - £Nil).

No expenses were paid to Trustees in the year ended 31 March 2023 (2022 – £Nil).

13 TAXATION

The company is registered as a charity and is therefore not liable to Corporation Tax.

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