**Charity registration number: 1174222 Company registration number: 8212122** ## **AGE CYMRU POWYS** ## **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024** **1** 11 **1** 11111 **1** 1 **1** *ADEHTTVS* **A9 25/10/2024 #42 COMPANIES HOUSE** AGE CYMRU POWYS ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 IIARCH 2024 10 Statement of Finanoal Actiwtss (Ind￿￿1￿j In¢t￿ aThJ E￿￿￿11ure Accwnll 12 13-20 AGE CYIARU POWYS REPORT OF THE TRUSTEES FOR ThE YEAR ENOED 31 IIARCH 2024 The trustees ar¢ pleased to ￿esent thw Amual OKeciors' Rep&1 tr￿th￿ ￿th the Fina￿al Statements of the charity for the year er￿Ing 31 March 2024 are prepar8d to m•8t the r8quiT￿rts for a Ihr•dors' report and accounts for C¢)mpanie5 A¢t purpJ5es. The Finanoal Statements compty vitth the Chartses Aca 2011. fv compan￿ Acl 2Ct6. the Memtsrandum ar Articl•s ol Associatron and Accounting and Reporting by Charities". Slatement of Recommended Practice aptyicable to d)anbes preparirvJ tr*ir acoxnts In ac￿rdar￿ wrth the Fin￿￿ Reporbng Standard apF4icabk in th8 UK and RePU￿"C of Ireland IFRS 1021 leffEth"¥p 1 January 20151. Chair* Introdudlon In the Last year rtht-o(IMryJ was a major concem ts oljer pecofe ￿ a low irwn?. Age Cymw Powys was aNe to he￿ 2,209 older people. their f*n*•s in mwy way5. thanks to fv hard wryk * dedKatitsn tsf a small group ol staff aThJ volunteers. In January 2024 the trustee board dead￿1 to wthasè a b*hth afterthntfyirp) ehallenges by okjer ￿Ople living across Powy$ str￿glIng to access seN￿S. The rw Vehic￿'The Advice Van, is equipped with a rn￿.18 offic aThJ a￿sSib￿ step. The 1Th￿tee5 believe that this unv4ue oiferwu hdp many dde¥ peoF40 accèss quality Inforrnab"c￿ aTrJ aijvice ear&er. In add￿"OTr the launch of ts prr4eCt'cat￿ Cynnes. enabled ok*r people ac(￿ Horne Energy Ath'*. supporting 1,179 households access enwgy ad￿ to ccmbat the vJsues ofhighw energy prices. In addition 2,CQ8 benpfits advice ￿tre gfftn, enaNiThJ oljer wplè ta access benefits W dKlnY know they We￿ ent￿ed to. The ongoing s•Ntis eonlmued to lkn Iho maM￿d Fxf4"& supFthtng older lamiers often In crisis. Ouf teth'ending and ttfnmunty have had a ma$5i¥* wnpact Into addres￿￿j lonèlinèss and isolation for many who have no on•. SmFfy Naik, our toenail service has contin￿1 to grow. to btntfit so many okler peo￿e. Ths clinics are a hub for al seMTrs across Ihe c¥)unty. Helping older pèoplè to live an activè lite without painfiJl nails and the at#'lty to access all our other semces. Al ofour 5ervKes continue to be weatty aFprnuat•d and very Jsy. In August 2023 the InforMabC￿ and te￿ suttessfijty gained ts Advice Quality StaThJard and in January 2024 the charity underwent the Age VK Ouahty Stsndard. Our qu￿Ity-8Ccre¢jrted Servi￿ a￿ relied upon by statutory non4taiutory onJanisabons to fill essential frJndamental gaps (n seNce pro¥oion for okaer people. work wrth many third sector 0rgar¥Sab￿ AthA Soo"a SwyKes. Safeguarding Teams and the NHS to deTh taikjred packagès of support I woukl like to thank Ihe gr￿￿ fuThkn. clents. larnl￿ ¢>Jmmunitias forlhew donalths that support our vrtal On behalfof rny felow T￿￿tee$. I IT￿￿1 the tewn ofstall and volunteers forthey (￿Mi￿nen1 and dadicth"M. l am surè that in tr￿ coming yw many nw• tthrpeople in Ptr￿s wll feel tenefft*e have WKlertaken In their li￿$. Adrian Foulkes Chair of Tntst AGE CYPARU POWYS REPORT OF THE TRUSTEES FOR THE YEAR ENDEO 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Age Cymru Po¥•y5 to irnpr￿ qualty oflrfe &y older peth. in Powys. -All people can be in need of hdp at certain Iwnes of their IN•s. OkJ8r Fw4e in be those a isolated geographically. socialty or economically in Powys or vkno hab* ￿31th needs whKh inpact won the lives. Th15 *ill be the group lor *thom our servKes be Th? airn ofAg? Cymru Povry5 IACP} is to kyo¥th excellent qualty serwces tarfored to the neèds olold•rpeeple in Powys. To raise the profikn ol >Jt issues and eTha￿e Ihe voices of oljef peoFle to poytivelv Influen￿ policy and provis￿. Bè th• valu•d. •ff•etlv•. Thputsblo and •xp•rt pro￿d•r01¥•ryl *ill.. Invofve older ￿0P1s in what wo plan, deh.vor and evauate. kxomote dder age and dèliv•r S•MCeS Ihat are relevant forohjer ptopl• in Ptrwys Maximise the use of Voluntee￿ in 5LworbrpJ our ¢Jrganisation and our sern￿ delmry Ath*ve Age UK18A Qualty Prr4rzmme. Standards for Héatth s￿¢￿$ in Wdbes. Quauty Pthmanre Mark Monitor and evalvate all a$[￿ts ol our WO￿ arKI of the organi5ation and m•asurè the irnpact we have on older people Make the most effeaNe and effiuent use ol wr limited resowces seek lo bfoadèn wr fuThJirrfJ base to inGrease our 5u5tzlna￿"IrtY c(￿tinUe to promote and invest in lÈamiThJ aThJ de¥e￿￿nI cyWrtun￿.es for our stsff Ensure 9c•)J 9mrnanr8 0JM￿lance thrw mb*stsMnt m and support fortJustees W• wort to eollaborate t*lth other4xganisations Powy¥ #nd W*l•# •nhan¢lng •ervke$ and •voldlng duplleatlon will. Continue to davslop our.knth¥kdge aThJ aWarer￿ of se￿￿$ available to suppyl othr peopl• and make links with these serrices to énabk èffeeiNè signposbrnJ feferrals Maintain our ¢xisling links ￿1h sèr¥ie*s wè rèter into Develop further effe¢tyve partnerships to holisbcaly mt•t ne80s of ¥iJh7erknbe okjer people Attend and contnbute pO$￿'Ve￿ lo ￿￿vant [￿￿OrkS V*ithin Powys arKI Cons*Jef all seThKt prows* as potenbal partr*r5hps AGE CY&IRU POWYS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 IAARCH 2024 All Services Impact 2023~2024 agecymru Impact of Advice & Support including Later Life MOT, Befriendingj Footcare, Home Energy Checks and services for Veterons ond Farmers 2,209 2,008 people supported benefits advice gNen 14,347 4960 539 Housire & ca at honle issues contays PMb￿rn5 solved We$iined 229 450/0 Blue Badge arnl Iravel a&sisiarKe of the people we support are unpaid (afers irn undaimed benefits foroldqr Powys people 1,147 C05t-of-LNin8 issues consumer l energy Have memoryl togniknve issues 88 88 88 88 £8 83% 19° of dientswe Inerabledue to disabilities or low income or sotiall¥i501ated ol older p￿Ie and thtyrcarers needed help with form fillinB ofdder people tdd us they We￿ stru8glin4 with th*r m¢ntal health How we provided support 1,342 78% 99% home Visitsc(￿￿ucted. vleare one dtht providèrs locally that Orovide homewisits wantsd support at homè not in their. community, *>ecause of their dIsab￿lty and fr3iny said Ihey re￿￿￿e￿ eotrJl excellent support & would Our top rof•ff• 0 S¢lf-referTrls NH&& Po￿$Caun0I Local & national charitiès Long.terrn Supwt "Age Cymfu Powys gave me olf the timp I neededtJhelp me solve my Cost-of-iiving worries. I manoge now with theirP*lp." 100Y. OFpeo￿e could ac￿5$ the seThI￿ ih Wèlsh CYMRAEq 6,689 874 319 Advi¢e Qualitv stsndard- Quallty Mark AGhi•v4d telephornè ca115 emails Horne E￿rE¥ Check Visits AGE GYIARU POWYS REPORT OF THe TRUSTEES FOR M YEAR ENDED 31 IIARCH 2024 Client Story.. Warm & Well in Winter agecymru Free Home Energy Check for people aged 65+ in Powys In Richardls words... hilst ¥isitirtg the Age Cymru Powy$ 5implv Nails lootcare dinic recently* I met their Home Ener8y OfficÈr. Steve Cadwallader-jones. Steve explained abjut the free Home Enefgv Check offered by Age Cymru Povlys to help reducè energy bilb. which sounded useful with winteron its way. When Steve Visited me at horne to conduct the Check. he was very helpful. taking the time to suggest lots of improvements to increase my home's energy-efficiency. Evèrythiftg was explainÈd clearly rn detail. Steve hiEhlighted the importance of preparing for winter. and also reEularly thecking the temperaLu￿ in the house to ensu￿ it is warm enough. A8• Cymru Powys. Old WorÈhDUSe, ParkersL•re, Newtth¥n. SY16 2LT Various energy-sa¥ing equipment Tel.- 01686 623707 available as part of the atsessmènt. Steve and E-mail: enouiries@acF#)wys.or&uk l a8reed ihat the radiator reflertor panets and TfvWW.ag•GymNffj.* energ¥.eff￿ient lightbulbs would be useful for me, thus StÈ¥è supplied and fitted them free of charge. I feel MO￿ conf￿ent in Saving energy now that I've had practical tips from Age Cymru Powyg and I know where to come for further advice. Weofv support for older Powys resident Follow us on: facèbook.comlagecymrupowys itter.com/agecymrupowy5 instsgr•n.comlagecymntPLWVS This 15 an excellent seryice. and I would recommehd it to anyone who would like to ketp warm and save enew this wrnter.- •CYmNPow•%L%am8￿l¢fed￿s in r8spons8 to older people's needs and requests. Ihe F￿nts"al to r•volub"wise hJturE pLannirYJ lorgeth"rvJ okJ8r. Age Cyrnru Powys, tnjsted reputalTron means older peopkn L￿ne to us for hdp. often in b"rne5 of cri515. 79% of peopjg who aFvroached ts charity bst year were experiencing a strjnificant life event tster Lrfe MOTS supp)rted dder people with tssues that affect their quality of life. indudin9 Finan￿$. Health & Welbeirrfj. Hryne, Social Connections, and FIttU￿ PtanniThJ," V+ith the aim of hdping ob*r pecfjle to make Ihe most ol later bfe. Elvryn, 83. carne up ￿1h thè narnè'Lat•r Lrf8 Mor after t*iNJ harped by Agè Cymw PSWS". .1 fèèl likè I've had the frJN MOT th ytyJ ttrflay. You've made mè r•alise theres lots of Ihirwjs we can do to make li18 bgtter for and rny wrfe. al Irwhd5 of matter5 due to getbrvj oklBr.' AGE CYMRU POWIS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 ￿ft¢H 2024 WaTh Horn• Inltlatlv• Home E￿rgY Ch￿ks. Age Cymw Powys was fvnded by Age UK zThJ EON to suprxyl vulnwat4e obJerpaL¥)l• ilthey were staying warm and offering a horne energy check. The h(xne energy CW was either delivered overthe telephone or at thè homè address. The Home energy offi￿r W￿k1 holistically discuss horne ener9y and would instsll small rneasurss to sav8 olthè vulnerabk ohjer persons bims. It￿$ inSts1￿￿. were IKJht bulbs. radiator foils, draft exduders. tNners. boiler jad(èts. also wouhj referr8f th8m to prti¥idws ifwe they may benefi¢ frorn a new boiler or other energy effiaerLy sth8me. The Hryne Energy ¢)ffieer promded pro¢*eal ath"c¢ li the on." Gene￿.. eleth.cal safety.. health and cc4J. damp hwsry. Behawour-change. energy use and eneryjy sawng prathces. Syst8ms. ap￿lanCeS and d•vw". safe. energy4effi)•nt USa9•." tsrrwature ¢onlml$ and timers. Money matters. income maxjmwbw Itenefits. wnter fuel payments. vftrrn h¢yne discount, cDld ￿ather payments) aThJ budgeb"ry. tM"115 arKJ smart metres". erkrgy debts and solutions Isupplier and hafdship fvnds)". attess to bans and grants (Nèst, ￿e￿, ECO schémes etcl. Er￿rgY suppl*rs". rightslresp0n￿b￿fi￿s". pay￿ent mothtsjs," tsnffs, I￿￿n9 and prionty SthMChS register. swtchin9. Buildingllethnical.. enewy Iwo￿en[s'. water ryre55. damp. cond•nsatioTh and air quality solutions. Private tenan¢s". legal nghts to SUp￿Y. syst￿. ￿p￿lanCeS erry efficwy imkyovements. Wami. referrals to relevant swvices. During this penc*J 320 Homè Enènjy Checks ￿[0 provided acn>ss 1,179 households receNed homè èrwJy adNryc* by the Hom• Ewgy Off￿. Slmpty Nalls Sirnply Nails has teen ijeltverry loot care and nail rJJllirMJ gnce 2010. The service is mainty for FeOF4è over the age of SO ￿ disabilths. who a￿ no kryer able to reath feet to se%Rral ￿alth reaso￿ such as sight Impai￿ent, arthnb"s. hw ope(th"ons or SmF4y fiThJ it impO￿tI8 to ¢%t ts'r naits. Most of our dients agad be￿een 75+ to 94+ 8 trawled vobjnteers supports"rrfJ the se￿￿. 8Thice pro*ided a ma$5ivo 1.596 teena1￿￿￿1￿.rg appednlm8nts during Wil 23 - March 2024. Delivering 130 community gessions. 147 ¢&ents att¢ndad. Heath and weltjeing d￿c*S at eath appcrfntment. Professiona¥y delive￿ Qualifi￿ Foot Care Prartbtr￿r overseeing prq•ct. The service provhjes a cntrcal and mu¢h-wled Servi￿ for d¢Yer peopk in Pty￿5. The Serv￿ reduces the likelihood ol falls a￿1 Ihe assocratsd cost for heath ser¥ic8s. The service enablès ac￿SS to older people. may not eThJa9e e.g.. on vawnes. falL8 prevention. aK1, and adaptstions. The s•Nice undertakes 'earty thntificatitin. of ftrture FQtents"al e.g. phpeal and m•ntal heath, 1501atson. Protectson of Vulnerabfe Adults. poor access tt> oth* raquwwj se￿￿. thgrèby pr&vanti escalation of needs to uibcal levds. The Sim Nats Servi￿ is ￿￿¥¥je￿ as wt of a t￿ls￿"C pa¢*e to okjer pe(¥le by Age Cymw P￿. including Inforn)abon a￿1 and thocacy Th8 redU￿S isc4kn"C￿. by gmng people the OPEAJtunty to access te￿h01￿ befr*nding calls aThJ ¢ommuntty volunteen'ng. The service has establ'shed ￿ferr￿ roirtes and partwships vnth olh•r kèy delr¥ery &Jtsnti•s in Ihe ststutory and voluntsry sector e.g.. Care and Repair. socwl care. GP'S. The SerW￿ offers a fange of opportunilies fw ¥otuntsers ind￿11n9 de￿J￿n9 skils, kno*e experien￿. Increa￿ érnploymtnt pr¢)spects. Encouragè older people to becL4me more irtyéndenl Prevent fa115 and are therefo￿ a huge cost sawn9 to ￿ NHS. Encourage cross ne￿￿rk1Thj'. Sirntyy Naits vohjnteers ￿ler to ts GP or POD ifthey see ary SLk$P￿1wj maths on18gs, whth coukl t￿rne a knvKxse. AGE CYMRU POYIYS REPORT OF THE TRUSTEES FOR THE YEAR ENOED 31 MARCH 2024 Voluntserfng Vclunteers provKled much valued help. bme, and 5kn.lfs enat4irvJ Lthr Peop￿ to r8main iThJependent aTrJ to b8 less loneiv and isolated. 57 Voluntee￿ give their time and support objer pwle across Powys. Ouf ￿*1being SW Volt￿teerS to support Vul￿[?ble dwblad pecye aged 65+ across P¢)wys. Our mission is to fyht loneliness so no one is left copirrfJ alore and improve ￿l￿1￿J. Coating cornmunty through volunteering. Our casthvort ewdences Cost-of-iJMrg Crisis is causing the elderfy dtSat￿eII in Powys to cut back on heating, ezbng and paying lor carè at hcme. and i8 caugng SOLyal ￿018b'on. Lack of c4ynmunty c•ntresthealth Cent￿￿50C4al dubshneebng oppJrtunth"es. combined the Cost-of-Ll￿n9 Crisis, is causiry a ¥i¢iou$ Cyde of bjneliness. Pgople on lThv irKr*nes are pu5h•J wito isolation as lth rn￿•Y to soaalise. Thosè wrth disats"ltrsAorM*tem ￿allh condibons189%ACP d*nts) fac• mokn.htyl JadÉ of Iransport issue5 whKh can lead to them bècunin9 houseb¢)uThl wrthout ojrnmunrty supp(¥L Age Cynwu Powys ¥￿n￿Oring Fxe4Jranmes aro essentsal part to iwowr¥J ts ￿YeS ofohjer pw1& aL¥05S Powys. Oryanlsatlon a¢hhv•m•nts Age UK organisab.onal Qu￿lty Mark is oTrJorsed by th• Chanty Commiss Ad￿￿ and Qualty Mark Living Wa Employer Age Fr￿ndty Ern￿ttyer Disabilty confident Employer hteved the Befriending Qualty M Sgned up to the Amed For￿9 CovwHnt PARTNERSHIP Parthershlps artd n•t¥ffjrks Employees and trustees ofAgo Cyrnru atteThJ th& fth*M"r9 pwthership WKI Work m8¢b"ngS: Oldvr Peoples Partnèrshp Board Famiir4J Neh¥ork Powys Aijvocacy Ne￿￿rtE Oementsa Friendly Cemmunrttes Grc¥Jp Age Cymru Infomiation and Adwce Netwo Age Cymru Chiel offi￿rS e Cymru Advocacy Neh¥c4k der nglworks Aqe Cymru Powys rs ¢xmmitted to wothrng in pathrship acmss C¢wnty of Pl)￿3. Wthin ￿￿105, the UK and th the wider Ag8 Cymru movemgnL We are a [r￿ber of ¥l￿ntary secior umbrella organisab"ons, Powys Ass¢xiation of Voluntary organ￿￿onS IPAVOI aTrJ ￿1￿5 Counal for Voluntary Action (WCVAI. Employèès aThJ trustees are rnernbers ol a wde vanety of nets¥orts. patherships workir9 group5 eovèrin9 a range oftop from advocaw. ad￿t prot•th"on, I&A and ￿jb￿ affairs. FINANCIAL REVIEW Total IneomiNJ Resou￿￿5 in thB year £364.05012023 - £228,741). E￿ThJrture was £333,869 compared to £286.795 for thtr ￿¥￿*y5 year. Net inojmè forts yearwas £50,081 wnparèd to n•t expendrturé of£58,054 lor previou5 year. The nef movement in (unds were rf income for Restrtted Funds of £5,670 12023 - Net expenditure £28.0381 aThJ net incw for un￿trthd Funds of £44.511 12023 - Nel expgrKliture £30.Q161 detsi15 ofwhich a￿ WOVKled in Ihe notes to the Finanoal stat￿ts. Prfnclpal Fund•no Sourc O•tsils of pnntpal stsurrAs for Ihe year •TrJad 31 March 2024 am yovhdeil in nok 2 01 the FinaThJ Slatements. ReseThe8 PoNcy Th& Trustees wll estaNish a PLliOf whefeby th9 un￿SIrth fijnds Th)t commrtled or invested in tsngible fixed 5sets, ttr haSJ in desvjnated fvn(ts. Ilhè re5eNes'l hè*J ty thè Chanty shoLAd be bettYo•n three and six monlh5 of ts￿lgètèd exwdrture whth ts esb"mated wrrenty *vubJ be £150.OC#J. At this level tha Trustees feel they would be able to conbnue the current acbth ofthe Charity in the ewnt of a sy&ifKant drop in lunding. Thè 8etual free ￿serveS at 31 March 2024 w￿e £132,￿l2￿23 - £1￿,970} which falls the target level at thiy datè. Howèver, the truste*s aro &¥arè ol this •nd havè a stratagy t¢ reserves through planned operatirg surpluses in futur• year5. AGE CYAIRU POWYS REPORT OF THE TRUSTEES FOR ThE YEAR ENDED 31 IAARCH 2024 STRUCTURE, GOVER14AN¢E AND.IAANAGEMEN Govwnlng Documgnt Agtr Cymfu Povrys is a wi8tered tharity. wmter 1174222 Iforrnerly number 1149)481 and is a privat* company Iwnited by guarantee and not havirg a share capital. number 8212122. wh+ch was regist&rèd wrth Compan￿$ House on 12 Sept•mt*r 2012. Key hlanogem•nt P•Tr9n￿l The tnjstees and the Chief are the key M￿agement FéisNwiel. Durirpj the year, all trustees gave fvir freety and no trustee receNeil any rernuneration. Tho Chi8f Officers salary 15 be￿hrna￿ed •Jainst seThor slaff in Other smikgr vokInt￿ organisations, induding other equivalent so&J local Age Cyrnru partners. Our is to wew the pay of all 5toff on An annual basis. VVhef• funding allo￿, we will seek to inuease salary in acoydance the IMfvJ wage. Major risks Age Cymru Powys uThJertoc* a (omwehw"Ne Stra￿9￿ pknning in January 2023. This Klentified possit4& risk¥ and opportunth.es for the orgartisation. The 5ubsequ8fit risk wister is reported to Boar¢1 meetin95. Aoth"ons have been tsken to reduce risks and de*kp opportunths. For examKAe. depenLlency on certain fvnding sfvams has teen a￿￿man￿ arrarqerrents. vthith rd*e to the gerwal runnTng ofthe charty as opposed to the direct management functions inhe￿Tht in generating fuThJs. seThi￿ delivery and programrne of prejact woth. These indud* such items as txt•mal Indwndent Examinabon. Wl th￿ fortryJstee5 and JO% oftha salary cost ofthè Chièf Officèr for tin* spanion dealiThJ ￿1h conslrtuithal and statutory requirernents. Exp•ndrtur• by the charity in the year has Wrt bets*en UnrestrKt•d Funds and Restricted Funds and analysed betrfftn chantable athwt*. g)¥¢mance costs aThJ the cost of generatsw 13 AGE CYAIRU POWYS 14OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 IAARCH 2024 ACCOuP￿ING POUCES ICONTINUEDk" Tangible fixod assets Depreciats"on is wovrfknj at the fc41chw.ng amual rates ￿ order to wrts off each a5$91 ow ts esbmated usglul offi￿ Equipment Motor Vehidès 20% and 33.33% on 25% r•duung balance Cash and •qulval•nts Cash at bart and ￿sh in WKkK165 ¢ash and short term Iwjhty liwbj in¥estn*nls a short rnaturity or monts from Ihe date 0fats]w5rt￿n w openwwJ oftr* dep05rt or SAM￿al accounl Flnan¢lal Instrurnents Th• charity only has finanual assets and ffnanual I￿4￿.￿￿0$ ol a kind that qualtfy as basi¢ finanual instrurnents. 8asic financial instwments a￿ reco3nised at transact#￿ walue aThJ subsequently measured at thgir 59111?rr￿fi1 rdlue. Ba$le financial Ilablllde* Liakn"1￿.es a￿ r8c¢gnised ￿ Ihe Ststement of FinarKial Actsvths as beo>ne payab￿. Rotir•m•nts benefits The charity operates a defif*d cmtrtjufron sdyne fly Ihe bentfft of its pJnployt•s. The asstrts of tr* scheme are held separately from those of Ihe Charity. CThiln'bub'or6 payat4e a￿ ¢hafged to Ihe profit and105s account in the year they afft payable aThJ ￿ rjiwged agamt Un￿1n￿l tunts. L•a$•s Rental co$ts under CW8bThJ kas¢s am to ts staithiieni tsfffingrti*l acbvtss in equal amounts ow the period of the lease Taxatlon A5 a regist*f8d tharity. Ag• Cymru Pw5 is enlthd to the •xempb"on from taxa￿ In respect to income and ital gains received wth 5ediorts 478489 of the c(n)Ofation tax Act 2010 an(J Secti￿ 256 of the Taxation Charggabfe Gains Act 1992 lo the extant that Ihw ar8 to rts charrtab￿ otyects pu￿0$*$ only. 0gbtor¥ Trad• and other dabtots are rec4)gnL8ed at thè seld￿ent arn￿jnt due after any tr* di8count offère¢l. Prepayme¥)ts are valued at Ihe amount prepaKY ofany trade th'scountt1ue. Creditorn and provision* Credrtors and provisions are roccgnised *ttert* ￿ tharity has a present (*lwJ8ti￿ rgsulkn.ng frorn a past ￿nt that bMII probably rèsult in the trartsfer of thjnds to a third party at the amount due to setdè ihe obligation can bè measured or estimated fdiabty. credit￿ p￿￿SK$n$ a￿ nomialy recognisgj al Iheir sothement arnount aft¢r allowing for any trade discount d￿. 14 AGE CYMRU POWIS NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 Total FyndB UnrestricW R•stricted Yoar Ended FundB Funda 311112024 T¢>tal Funds Year Ended 311112023 2 INCOME Dtsn*tit)n¥ •nd Lega¢lM: DC￿a￿ON$ and Gffts 1.307 1.307 616 1,307 1,307 616 In¢ome from Charilabk Aetivitrts: Grants Recewable 290.798 3CKI,798 39.322 168.641 33,794 39,322 49.322 290.798 340,120 202,435 Oth•r TAdlng A¢tMII•4: FunthaisiThJ Inc￿• Session Incl 6.409 33.465 1,953 24,157 1,313 1.953 41.827 41,827 25.514 Investment In¢om•: Interest ReceNed 176 796 176 TOTAL INCOA 93.252 290,798 228.741 GRANTS Unmtrict•d R•strftt•d Year Ended Year End Funds Fund• 311312024 311312023 Grants ￿9[¥8d In the y•*rw•rn ￿ und•r. Powys Teaching Heamh Board Age Cymw l LIK afe and Repair En￿ge lA￿st*M Ptrwtr 11.5CQ 28.4( 10.fAXI 41.104 51.104 69,799 69,799 73.562 7,69S Moondance Armed F￿CeS Covwwnt 49S 495 1.750 National Lottèry Cerfnmunity Communjty FoundatKsn In Wa Energy Tru51 Indwndsnt Ag8 PostttyJ• Lott•ry Hafren Dyfr Smart Energy GB Powys County c￿nr 9).161 50.161 21,673 18.246 24.291 10,0ts) 14.950 21.673 18,248 24,291 10,OtK) 14.99) 35.079 35.079 10.C 29J,798 3CQ.798 168.641 15 AGE CYMRU POWIS NOTES TO THE FINANCIAL STATEIENTS FOR THE YEAR ENOEO 31 ￿R¢m 2024 Tol•1 Total Fund$ Fund• RKtrl¢tsd Year Ended Year End•d Funds 311312024 311312023 3 EXPENOITURE Unr•strlct• Funds Costs of Ralslng Funds: Fund Raising Charllablo Actl¥ltl¥• Costs Olrnetfy Alloeat•d to A¢llv1ll￿. Stsff Costs 18.288 8.610 12,932 20.124 1,137 6.2 3.017 224,701 4.140 9,128 5.255 11,765 2.453 410 240.989 12,7 22.058 25.379 12.9tr2 8,749 3.427 7.615 211.838 13,875 17.995 17,396 8.603 6,440 4,047 6,521 8uilding Costs Staff Tiavel and Sub5iSten Office Cost5 Direct Prgect Costs Professirmal and Lega Fèes Deprecth"on of Owned Fixed Assets G0￿mM Casts (See belcwl 2.248 73.771 260.098 333.869 286,715 Anatysh olGo¥ernan¢e ¢Mts Staff Cgsts 2.381 2.248 4.629 3,919 Ind￿ndent ExaminatKJn Accountan Legal Fees Trustee Ileebng Exp￿5 Bank Chargos 1¢Jl lQ) 187 207 5.367 2.248 7.615 6.521 4 STAFF COSTS There was ￿ average of 11 &nployees ind￿li￿j part4N1￿ {2￿- 111 the year, vknose costs We￿ as under. 2024 2023 Salaries 226.438 200,DJ9 10.$55 5.193 Emplwrs NaboMI Insurar Staff Pension Costs 13,037 6,143 245,618 215,757 No 8mploy¢8 racewed remunera1￿ amwnl¥ig to rnore than £80.1)Xl in thg ygar. 16 AGE CYIARU POWYS NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 MARCH 2(124 S TRANSFER BE￿EN FUIIDS Unre8trict•d Funds R•strict•d Funds The tran$frr betsw8n funds in th• ar•.. Transfer of CO￿ 03sts frcffi Unrestricted Furlts to Resln"cted Funds Transfer of Core Fund5 from Unr•strthd Fwkls to Reth"cted FuTrJs {25,484) 454 14541 25.030 125,0301 6 TANGIBLE FIXED AsseTS oiri Equlpm•rt V•hl¢lgs Totsl Cost or Rovaluation At 1 ￿ri1 2023 Addibws 24.835 24.835 21.536 21,536 t￿"spo$al$ At 31 March 2024 24,835 21.536 46,371 Dep￿¢1•wOn At 1 2023 22.659 3,427 Char98 for year 2.081 At 31 Marth 2024 24.740 28,086 Canylng Amount At 31 Mafch 2024 20.190 20.285 At 31 March 2023 2.176 2,176 7 DEBTORS 2024 2023 Grants Receivabl9 11.215 104.627 33,934 21.544 Prepayments WKI Arned Ino 115.842 55,478 8 CREDITORS: Affl•unl• falllng du• y••r 2023 Credrtor5 4.502 2.100 4,333 Awuab aThd Defv￿e￿ In¢)Jn• 229) 7.081 Tax and Sorial Se 13.232 10,935 17 AGE CYMRU POWIS NOTES TO THE F114ANCIAL STATEMENTS FOR THE YEAR ENDEO 31 IA4RCH 2024 9 UNRESTRICTEO FUF￿$ At 11412023 At 311312024 Incom• Exp•nd6tur• Tran¥fvr¥ Unr•strt¢t•d Fund$: General FuThds 108.736 93.252 (73,7711 25,030 153,247 Total un￿51￿(￿ FurKIs 108.736 93,252 173.7711 25,030 153,247 10 RESTRICTED FUNDS At 11412023 At 3113tt024 Income Expendi￿rn Tr4Mf•rn R•$tri¢t•d Ineome Fund•: Agw'ThJ ￿11 Mature Mover5 UK IseLation and Lonek"nèss 2,207 2.207 1,WO Arned FcKc£s Covenant 495 {6.5961 (4851 Hepo Projad 1 and 2 Dementva Ad¥oca¢y Hosling MaoTrJante Fountsts"on 5.722 8.321 2.4C 8.122 13.321 138.6651 167,8371 ca￿ and Repair P¢JYys Age UK Volunt¢8ring Age UK- Cost of Liwig PAVO- Cdlabentson 69.799 11.9621 1,&S1 to.￿0 1.861 3,559 128.9301 PCC- UKSPF 35.079 50.161 129.6771 138,0361 121.6731 {11.2241 113,8431 15.402) (T.2191 National Ltsttary Ce4nmunty Fund Energy Saving Trust P05t¢ode Lottery Srnart Energy G8 Cornmunty Foundation in Walès Independent Age Age Cymrv CAP Hafren Dyfr 21.673 24.291 14,950 12.6081 It,10TJ 10.459 5.000 18.246 11.215 10,C(KI 13.2071 16.247) 8,792 11.215 10.0 81.426 290,798 1259.6881 125.0301 87.506 R•strlctsd Capllal Funds: Veterans Proie¢t Communty {62} 1348} 348 410 14101 Totsl Rgsln'c*ed FurKIs 81.836 290.798 1260.0981 125.Wl 87.5C6 18 AGE CYMRU POWYS NOTES TO THE FINANCIAL STATEhENTS FOR THE YEAR ENDED 31 IAARCH 2024 Th8 purp)ses of Restrtctod IrKL¥ne Furldg ￿.. Ageing Well Matur• Mo¥•rn- frJndirYd frjr AgeirwJ bWI Maiwe MoNws. Age UK Isolation and Loneli1￿•. tur¥Jir•J an Isdalion and Lorwh"ness wtyecl. Amied Forces cO￿nant- SupwbThJ older ¥eteran5 acxoss 1hr￿￿ Vetèrnns MOT woie¢l tackh.ng cost-of41￿rwj criso and wrth h)neliness arKI isolation. Hope Project 1 and 2. worknThJ togtrthor to d8lNer IfYAf IMI •Jvocacy pro¥ision a¢xoss thrO￿ah partnership wothing th ￿nd pathts aThJ Age con￿¢￿ auoss ￿￿les. WCVA Ern•rggn¢y. to suwrt dder in in r&sp)w to 19 p8ndam Dementia Advo¢a¢y Ho8ting- Wothirtg towtheras a n•tsvoth to dwnentia advocacy provigon aryoss lthles through partnership workiTrJ v*ith brand part￿[5 across Wths. Moondance Foundatlon- lo suppryt vukvabb c4Jé¢ peopk al IK*n* and in th*"r commLmittyS by promding informalion. Ath'ce aThl Asystan .Car• and R•palr Powys- Mam￿ad Cdlaborabw th CRP Pohys swjporting ¢)Idef faTher5 aLYos¥ Powys access 18A aTrJ reduung k)neliness and IsoFathon. Age UK Voluntwring. to support a wales￿ strategic ¥duntewiThJ approath to enatle tetter SUFPOrt. protèss•s And trainiThJ forvduntews. A9e UK Cost of knvlng- to support dder Fe0P￿ Ihr(wh the cost of1￿ wth InfoThatKJn aThJ Adw"ce tr￿ge. Wellbeing Comrnunity se￿10n$ and bgtheTraing. PAVO W•lf•re Collabornllon . to suFport &Jer Feople for care aTrJ sw)Pth1 package5 throwjh prowding1&4 and a(fvocw in o￿lat)0rats￿ wilh PrJ*ys County Council ar*J PAVO Community Connector& Polbys County Councll UKSPF2- Feasthlty Sluty to score Lxrt pa#J for ser¥Kes ar*J MOT projèct delivering courses on nwneracy across for age£1 50+ N•tlonal Lott•ry C4)mmunlty Fund. L*8f Lrfè MOT SuFW1Mig ther peopk ac¥oss Ptrffjs with money. h￿8. weUb8ing ar￿ later Ife pLqnning. Energy Sa¥lDg Trw$i. Catrefi Cynnes fvrKliThJ a Hfft Erw9y Offi(*r to deliver kmf ¥￿rgY Sav*￿ measures and advice for dder people auoss Powys- Posteod• Lott•ry. For a d•dicat•d costaoNiwr*J offKW, SUPPOrtiig 0￿r WFle to access be￿fits advth. Smart En•rgy GB. Smart mttèts prfKJrnnme dehw.ng I￿ •rffjy ad￿ supporbng c4Jer Feopk to a￿9 smart m8ters. Cornmunlty Foundation In Wales- To SUPF4yi the community ￿Unteer and teWon8 vthntser lo ena￿e older pecpfe to bneliness ￿￿atron for VUl￿r#b￿ ohlef dients. IndependentAge. To fiJr#l the advtt van ￿ inknnat40n oirK￿. Ao• CYMN CAP. Communty Assistarta PftyJramm& suppoTh"rKJ c&lef r*ople a¢x05s P0￿S arxess ojmrnunity as5isknce through ¥o￿nteering. Halr•n ￿yfrd￿. To supwt the IAÈllbeiry Supwt sem.￿ to support th8 wefo8ing hubs Xross Ptr•rys. 19 AGE CYIIRU POWYS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 ￿ft¢H 2024 T•nglble Flxed A￿ets 11 ANALYSIS OF Ner ASSETS BETWEEN FUNCk8 c￿rrent Ass•ts Total Unr85trict8d Fu￿J￿ 20.285 132,962 87,506 153,247 87.5C6 RestricbJ Funds 20,285 240.753 12 TRUSTEES REMUNERATION A14D EXPEIISES Nts remunerab'on diredy or indir•cty out of the ￿1￿$ of W* Charty was pahl or payable irt Ihe year to any Tru$te& or to any person or pgrw$ known to be conr*gd any ofthern12023- £NqI. No expenses w•r• wj to Tfusiees in the y•ar •rkded 31 Mwch 202412023-£Nir). 13 TAXAfON The ￿rnpanY is as a tharity and is tr*retse not k*)le to C￿￿)ra￿On TaL 20