WALES COUNCIL ON AGEING (ALSO KNOWN AS AGE CONCERN CYMRU)

Charity number: 505071
Removed charity

Charity overview

Activities - how the charity spends its money

Influencing the formulation and development of policy and practice that impacts on older people. Empower older people to enable them to have control over their lives. Increasing awareness of the contribution of older people and the issues affecting their lives. Support the development of Age Concern in Wales.

Income and expenditure

Data for financial year ending 31 March 2009

Total income:
£1,746,108

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Donations and legacies £1.54m
Charitable activities £163.30k
Other trading activities £0
Investments £20.27k
Other £22.99k

Total expenditure:
£1,614,385

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Raising funds £0
Charitable activities £1.49m
Other £0

£30,002 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £120.50k
Charitable expenditure £1.49m
Retained for future use £131.72k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • General Charitable Purposes
Who the charity helps:
  • Elderly/old People
  • Other Charities Or Voluntary Bodies
How the charity helps:
  • Provides Services
  • Provides Advocacy/advice/information
  • Sponsors Or Undertakes Research
  • Acts As An Umbrella Or Resource Body
  • Other Charitable Activities
Where the charity operates:
  • Throughout Wales

Governance

Registration history:
  • 30 July 1976: Standard registration
  • 24 June 2010: Removed
  • 24 June 2010: Funds transferred to 1128436-1 WALES COUNCIL ON AGEING (ALSO KNOWN AS AGE CONCERN...
Organisation type:
Other names:
  • AGE CONCERN CYMRU (Working name)
  • THE NATIONAL COUNCIL FOR TH ELDERLY IN WALES (CYNGOR CENEDLAETHOL HENOED CYMRU) (Previous name)
  • THE WALES COUNCIL FOR THE ELDERLY/CYNGOR HENCOED CYMRU (ALSO KNOWN AS AGE CONCERN WALES) (Previous name)
  • THE WALES COUNCIL FOR THE ELDERLY/CYNGOR HENOED CYMRU (ALSO KNOWN AS AGE CONCERN CYMRU (Previous name)
  • THE WALES COUNCIL FOR THE ELDERLY/CYNGOR HENOED CYMRU (ALSO KNOWN AS AGE CONCERN WALES) (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Total gross income £1.15m £1.19m £1.69m £1.67m £1.75m
Total expenditure £1.03m £1.13m £1.45m £1.65m £1.61m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A £1.59m £1.48m £1.54m
Income - Other trading activities N/A N/A £12.44k £4.75k £0
Income - Charitable activities N/A N/A £43.24k £117.81k £163.30k
Income - Endowments N/A N/A £0 £0 £0
Income - Investment N/A N/A £23.50k £45.82k £20.27k
Income - Other N/A N/A £14.35k £16.78k £22.99k
Income - Legacies N/A N/A £28.44k £22.72k £44.37k
Expenditure - Charitable activities N/A N/A £1.29m £1.53m £1.49m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A £40.10k £31.84k £47.03k
Expenditure - Grants institution N/A N/A £0 £0 £0
Expenditure - Investment management N/A N/A £0 £0 £0
Expenditure - Other N/A N/A £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/03/2005 31/03/2006 31/03/2007 31/03/2008 31/03/2009
Own use assets N/A N/A £1.04m £1.01m £999.48k
Long-term investments N/A N/A £30.00k £30.00k £30.02k
Other assets N/A N/A £788.20k £760.40k £841.12k
Defined benefit pension scheme asset or liability N/A N/A £0 -£78.00k -£127.00k
Total liabilities N/A N/A £836.36k £757.06k £698.72k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 March 2009 14 January 2010 On time
Accounts and TAR 31 March 2009 14 January 2010 On time
Annual return 31 March 2008 03 December 2008 On time
Accounts and TAR 31 March 2008 03 December 2008 On time
Annual return 31 March 2007 30 November 2007 On time
Accounts and TAR 31 March 2007 04 December 2007 On time
Annual return 31 March 2006 18 January 2007 On time
Accounts and TAR 31 March 2006 19 January 2007 On time
Annual return 31 March 2005 21 December 2005 On time
Accounts and TAR 31 March 2005 21 December 2005 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

CONSTITUTION ADOPTED 8 OCTOBER 1975 AS AMENDED 12 OCTOBER 1983, 14 JUNE 1984, 4 OCTOBER 1988, 25 NOVEMBER 1993, 7 SEPTEMBER 1995, 12 JUNE, 25 JUNE 1998, 15 AUGUST 2003 & 17 OCTOBER 2007 AS AMENDED 15 OCTOBER 2008, 18 MARCH 2009 AND 26 FEBRUARY 2010.

Charitable objects

TO PROMOTE THE FOLLOWING PURPOSES FOR THE BENEFIT OF THE PUBLIC AND/OR OLDER PEOPLE: PREVENTING OR RELIEVING THE POVERTY OF OLDER PEOPLE; ADVANCING EDUCATION; PREVENTING OR RELIEVING SICKNESS, DISEASE OR SUFFERING IN OLDER PEOPLE (WHETHER EMOTIONAL, MENTAL AND/OR PHYSICAL); PROMOTING EQUALITY AND DIVERSITY; PROMOTING THE HUMAN RIGHTS OF OLDER PEOPLE IN ACCORDANCE WITH THE UNIVERSAL DECLARATION OF HUMAN RIGHTS; ASSISTING OLDER PEOPLE IN NEED BY REASON OF ILL-HEALTH, DISABILITY, FINANCIAL HARDSHIP, OR DISADVANTAGE; AND OTHER CHARITABLE PURPOSES FOR THE BENEFIT OF OLDER PEOPLE AS THE TRUSTEES MAY FROM TIME TO TIME DECIDE

Area of benefit

The area the charity can operate in, as set out in its governing document.

THE PRINCIPALITY OF WALES