ReG&STERED COIIJPAMY NUlJlBER: 02003046 IEn9land and Walésl REGISTERED CHARiff MJMBER: 1020633 Report olth• Tru$ltts and Audlte(l Flnandal Slalements for th• Yoar Ended 31 ltsvch 2023 C•rdlff Mlnd Ltd "ACIX4É81* 22112r2023 COMPANIES HOUSE A13
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C•Ydill lthnd Ltd Contents of the Flnan¢lal Statements for the Year Ended 31 MaY¢h 2023 Page Report ofthe Trnst¢e5 1 tr) 10 Report ofth• lnd•p•nd•rttAu¢¥ 11 to 12 Ststsrn•nt of Financial A¢ti¥ib 13 8alan¢e Slwtt 14 Cash Flow Slatemenl 15 Notes to the Cash Flow Slatement 16 Not•s to tht Finaneial Statrmènts 17 to 24
C•rfiff Mind Ltd IR•gist•red num11. 028030451 R•port ofthe Twstees for the Year Ethd•d 31 Marth 2023 The trusteè$ who are a0 di6101$ ofthe charrty lor tr£ of Ihè CompanEs Acl 36. present their rep)rt wth the financial slaternents of the eharrty for the jtar eTrJÈd 31 Marth 2023. The InJ$tees have adopted the provisions of ACCOUnng and Reporting by Charits". Sktement ol RecOMrrThed Pradice appIlb to ¢haritie$ preparing Iheir a¢cx)unts in accordance w•th the Financial Reporb"ng Stsndarf plble vi the UK and Republic of Iland IFRS 1021 leffecve 1 January 20191. Obièeiivès and aetlvltlès Mission 'tardiff Mind promotes positive emoiv)nal vThbeing Ihrw3h emowrThJ and pOrting peo to access opp)rtUne5 to give them iryjepenéence and qualrty of lrfe.- It is fem Ihat this emphasises the ¥thv Ihat the or9an¢alion sees ts mle as asstskng Indrdual5 to develop t1r cAvn pathway to ffntal there¥erlhat may be. The Athon an adopted in support of the BusiSS an 15 interKl8d to pro¥ide a delNery and monitcTrJ pr5 to ensu that the Company's nusson J1¢1 become a ality. In analysing the Compan$ Strate9 1c.[m. rt wjenb.fed aTrJ aweeij that Ihere Te sth"H 3 Iptsnt and inter-related dIMenOn$ to its activities that they rded to te sharpened up li ordèr that they could become refleLed in ils new aims and obie¢ti¥es_ These dimens¥)ns late to". ' Proviston of consumer fSed qu4ty evhdence based $wvic that a Val knr mwy and a in aran wih ur values and piincipks. CampaniNj on tehall of indmduab and dnt grtyjp as a 01. InflUena the extemal environrnent to ¢n$ure Ihat peopk have expwpwl or are eyri¢n¢iTrJ difficultr'es ith their mental health ha qualty 5upwI at a hxal levd. Obfv¢ts ofthe Charlty To promote the pSeNation of rnenlal 81th in assc¢o1)n KthnLI I Nabonal As9)oatw for Vnlal Health) and in aceordancé wth Ihè ains and obJeth¥ts of MiThJ. ACtI¥le3 Cardiff MiThY is a Llrnrt Company ith charitth 0tiecb" ttose aim ¢ lo tKowde a (an9e of community based serViS for peOe 1h mental heallh prObrnS. The servir2s ojrrently rKovthd include supported 8MModation. lenanl support in their ovm homes, self management groups. counseuing InthvKlu* ¥4anning. self help and support gityjps. P•Je 1
Cardlff Mlnd Ltd (RegiSt•rnd nwnber: 028030451 Reportof Ihe Trustee¥ forthè Y•ar ErMl8d 31 March 2023 Objectives and aclivities Akn1 To provide servics that at the indryi¢Jual at th"r nI and lIt enables the indNKlual to discover and realise their lull potential a5 actfftly partrupah"rKJ otoens. Octlveg 1ntrcl and impkment a rase-tyk wproath for wwmer> Discuss and plan with gjnsumers way5 in which they can irnk¥o¥e the mental heamh and tIle19 by aceessng $pOrt and Jwice frt¥n carffMd and other agencies to overcome ob$tsde$ that prevent them frorn achieving their PDlefitial. L)eVe14 a methodok)gy ¢0 e¥#ence and celebrate the mprryrrthts that peop make in theirown live5 Aim2 To develop new serv9 that enable the t£nsumer to all wth"n or to their local c(mmunty of ¢hOe. Obie¢ti¥e¥ Actively seek to Custome to develop new séwvts mt#Jels lor accThnmfyJatK)n and SLVPOrt Extend btyoThJ current 1&6S dnl group by respondir9 to rulents for w appropriate seNKe5 Extend outreacNsatellrte operab.ons into other geographir41 areas of Cardrfl Soulh Wale5 Aim3 To provide high qvalty that e¥Kjen pogtrye outcrn aThJ wal r rrrt)ney. Objècti$ S¢ek and attain extsmally reeognise(l oualty sknwdarts and hallmarts and emw those wocesses within the aetivth.es of the oryani8abon IntrrJYuce outccme-rdated perfOmWn mwittyiThJ 3y¥terns that eawe thè prtsyress rnade by indNidual ¢x)n$umers Maintain ol Best Value in all ofow acbvth.es Alm4 To in¢rea8e aVAreness and understandiNJ olmentsl heamh issues to chalwje sti9ma and dIrimall0n. Oblectlves Take advantage ofthe opportuni5 that come about for mertsl h•aMh and lbe1r8 prtynotion- parb.{1arfY in the WOrk8¢e and educationèl establishments Pro¥Je trawling. adwee and SUFQOrt to NoIrtM opJanisab"ons to ensu that pewe wth nntal health iS5ue5 ar• abkn to a¢$$ tsu, e¢laliCl and re¢reat)nal OPF4lrtunit Actively participaie in oppJrtunrtie5 to and liflUen at a loc•1 and nalKnal 1 Pw2
CawdMI Mind Ltd IR•ptsrnd numb•r. 028030451 R•port ofthe Trust••s lorthe Year End•d 31 Marth 2023 Obledfves and Ktl¥ltl•s Aims To wort in partnership ¥Mth indNKluaL8. and Serv pro¥iders to ensure that the Nabonal Seryice Frame¥KJrk bernes 8 reality for people eXpenCing tlffiul1t t1r ftnlal heatth. Objectlves A'VelY partiopate in cwothJnitEs to campaign and lnfiuer at a local and national Partiapate in a joined vp solulion for peopk experienc4ng diffi]8$ Vith their mental hèalh in Cardiff Wort( collaborab%ly with ¥onIary sector partners paniculwty within the movwnent to develop equality of acless to opporttjnrties for cKJrsumer8 throughoth Wales Ensure that all serv kywded and acMp$ that lake F4ace ifv'n Cardrfl Mind rekqle to and resonate wth the Nabonal Servi Framewth. Area of benellt Caroiff Mind operates primarity wthin ts City of Cardiff although is ab to provth kphone advi and infonnationls4nposting to a wder catchment area. 11 rrks wrth anyone has OT ha5 experienc£d difficutties with Iheir mental heanh tether with t'r knAies and carers. It endeavour5 to be an inclusNe ser¥e to all citizens in accordance wlh rts Equal Opportunities Pdicy. Spec4k 5eryKe P¥1Tr 15 very often restricted by the requirements ol lunders but Cardiff th"n¢J is committed to helj peOe achve the best POSStbbe oulCt)mes in their INes. In the year we have developed partnetships wth employers and other organisations as part of a MO general strategy of SuppOn9 rrenlal health lItselng wilhin corrfflunity. Tr MernoraTrJum and Arte$ prgvth for Ihe area of benefit lo indude the whole of the Princpalrty but hitherto aclmties have been Strted by the conditions of fuTrder5 and also the Mind Membership Agreement. As part of a revw ofthe Agteeftni rt Seems likely Ihat these gtrogfaphtsl restndions wll be Xed In future and the will be a greateremphas6 on paflrrship worknng ¥thIn the Publ1¢ b•n•fft We review our aims. cknjectives and a¢tivit$ each year. Tht5 reeW lo)k$ at hal %¥p a¢hEved and the oul¢ome$ of our work in the previous hvelve rnCths. The rewew knoks al Ihe succe55 of each key adNity to provide 8 ran9e of comrnunity-based servtis f¢r peopbe wth mental health prei¥lems. The review also helps us ensure our aims. objeclwes and aclivities rna1ned focused tyjr ststed obJ"euives. We have ferred to guidan ccffjtained in the Charity CornMisn.S general guklan on public benefit en revith%Yng wr aim5 and objectives and in pLgnning our luture acllvrtS Ihu5 ensunrvJ that it continues in its wrpose to promo positNe ellbeAng through ernpowering and supporting peop io aeeess OPFOrtunrts to give them wtyiendenct and qualty of lrfe. Page 3
Cardff Mlnd Lld IRe9lst•rnd numb•f: 02103045) Reportofth• Tn•ste•s for the Yr Eryled 31 M•Y¢h 2023 Objectives and aetivities Report of maln activfttes calIf Mind has prernises sn the ?a5t of the Crty centre it offw5 a rdnge of svpport ser¥iees lo peoe in Cardrff who have or are revering Irorn rnental heamh probkrns. h also undertakes outreach work in other parts of the Crty vrd the Floating Support Service. It also ha5 3 presence in alb GP dustews as part of its Tr ze and in the South East cluslèr vk4its Communty Connedors prOgrarn. The tr98n11on is oJrw8nly struc1u into 2 sere kyowsi( teams and an •JrninistratNe cwe. Thè sèmee prgvKsion team$ a:_ A¢¢ommodallon Support Housing Working in partnership Hou$ry AssociatM?ns and Cardrff City Council. Cardiff Mind provbJe5 26 bed spaces in shad houses and ffats The ac1xM(j0tion is promded TrAith 5UPPOrt bets 9 am 1th 24-hour emergency cover. The aim of the service is to encourage Feople who have long tern rnental heath probkns to devek)p the s¢)ual and general living skills which w1 enat4e them 10 live successfuuy in the community. It is irnptant lo ernphasise Ihat service intended to provide a home lor Ile ratherto Ihe tenant to build up the skills and confJence that ill enab them to have a home of their tr•m. The organisation has sharrel1 up the indivwjual wKport anS to better w4uip inthwduals to a¢we 9ater in¢ependenc£ Whi ad¢nowkdgr Ihat there are ¥&tho wll akIa requye support. There are a150 DJnlUlng plans tr> reVW and btherever P)SSb wnprove th2 qualty of the aet•mmtsYion provthd thereby buikling upon the" proasS ol ¢he135t year. Fef those a in their own he$t a ab lo their support the Floating Serwce. The SuFported Housing Ser¥i¢e is in the throes of ts.J decornmi5soned by the C0clI in aco)rdance th its Housmg Support Strategy. The target date lor d05ure of our hou in mukn.ple ocoJpancy is 31s1 Marth 2023. Late on in the year a SucssOr partnership has been ¥e1cped %wih Ihe Uni%rsity Hearth Board to assist pabents to move out of hospital Set"n9$ and bac4c into Its communty. It 15 anticapated Ihat over time the UHB ill utilize all Supportèd Housing tenancaes atthough 2023124 il be a tranSrtnal yEar. Floatin ort-su e in their own homes Working in partnership again wrth Cardrff City Counol and Carthff CLYMiunrty Housir¥J Association a team of suppori staff provides support to people with mentsl health problems INing in Iheir homes The aim of Ihe support 15 lo offer assistan wth tenancy and related areas to fdalita suctesslul (£¥nmunity "¥ing. SLNne tsl the service usets have moved from Cardfft Mind's more intens¢¢Y supported schemes. The selm is fvniJ&J to wovth 9 wlIe b.me equNaknt places uSer fonrer Car(lrff ComrnuTrity. Housing Stheme together Domialiary Support on a se by ¢ase bags. Thi5 has been debtknped in partnership with Cornmunity Ventsl Health teams to ddiver Wr temi supwt a$ part of a care pLqn under unified assessment arTrngements. The volurne of rk gerated has offset th? majorrty of reven reducb.ons anLI has conb.nued to ft)urish desprte Ihe finan(#al drfficulties tha¢ face Ihe Counol. Tr contracts are an Indidual case by case b8 and con5equenly are S(hat vulnerable. Thal said. tsre i8 a 9rwn9 tjtsjy of evidence to gjpport that the service provides 5tffecti¥e solubon to 5uslaining Feopl? in Iheir homes thereby avoidrrfJ hOspitaltIon or assistirrfJ in earfier distharge from hosprtal. Due to financkil con5traiTht5 the Counul ha5 been fortd lo priortise seN¢e users who e In need ol personal ca ralhèr than those who requi a preventab.ve semce. The earty indicaiK)ns a that domKAiary support wll suffer in the medium tem. The Cardiff Comrnunty Housing Assooath?n serv has been redesigfied to refieet the faetfvt support needs ean vary from week to tek. We ha%e therelore been ab to provbje a morè fi+ble and responsNe servKe Ihat has rnet tho needs of up to 16 SÈNI usets at any one tine It has now been incorpNated into the main Council seN1...In the $hort-temi these resources have teen deployed into asssb"rKJ dnts whose nanw& a deemed lo be at risk from Iheir predispositn lo Hoard rtems. We also prowde support to a numter of iThJiwthJaL8 who ha¥e the resour availab to make I1r o¥m support r4ngements as they ¢Jo Th)t access kncal authonty financwl We olso havè a scheme to suppoll seNce users not re Local Authority Support funded by a 2-year grant from the Natnde Bu119 SocEly. Thi5 to an on 31st March 2023.
Cardiff Mlrrtl Ltd {Reglskrnl number: 028030451 Reportofthe TnteeS forthe Year Ended 31 IAarch 2023 Objectives and activitie8 Indlvidualised Plannin l Da Sorvle•$ Overthe last decade Cardiff .d has moved luwards 8119 a m(•Yel ofintsgrated ¢Jay seNees The 8$( for this i8 threefr)Id - firslty. to maKirni5e the fiexibility for servLe delivery aThJ develowent that can be achieved by CLmbining fundiThJ stream5,' Secondly. to encwrage a MO fleble stye of M)rknThJ thIn the slaff group.. and thirdly and Th)st irnPDrtantly to view servic8 provision fmm an 1rwjl¢JUal seThice rather than a serwce delNery perspethve. This has r•suM8d In the estsblishment arKI tjevebpnenl of an indivKlualL8ed perscfft ntred approach that has a single poinl of entry into serviLS and ac£ess based on a unifonn inteThrfassessment of rwd in order that people may re1Ve the best assistan available. The model encourages s•fMce users from our aco)mmodation support sem$ and frorn the wder o)mmunty to a55 a ran of acli¥its on an indjUa1 cw 9roup bass thal will enae them to progress gn their wn journey to acquire skills. cOnfFrIen and Indepertde or resolbe specffic i8sues Ihai are hamperir¥J their plans This is very rnuch in keepiro with the Recovery model that has been •Jopied by heatth xtial servi$ at a bcal and national level and is it keeping wth Ihe Mind ethos. The semee rtself has genernted much usefij inf0miatlc that has The$$itated a lund8mentsi sefyits redesign kn emphasise the benefits of equipping people to manage their ovm mental health ¢ondth"ons. Individually ba$•d Individual Personlis•d Planni PrK)r to any semct user entering the SeTr1 tsy are invited to rneet a rrEmber of the Planning Tearn to QisDJ55 t1r personal circumstances and sues affe(ain9 their INe$. Thi$ inTh)vatson ensures that peOe do nol Simply drift into par'cular servKe but do so on Ihe basi5 of an infomed choice aThJ knowriNJ their attendance will te of benefft ¢0 wnproving their life. MorE Impcrfantly this tolal VIeW process enabks us lo jointly rxindèr 8t other solutions may be available to $0e other issues in their Ir¥es an¢ provtyjes. an opportunity to re1Ve specific as5istsnee in aceessing these. We ran assisl them in devebpin9 a plan lo cover all aspects of their situatbjn and can SUFPOrt them In aChIen9 or attsining their goab. Ccls During Coum of 2019 we intreAU as 91 of Ihe wurynerts ofa rw contract vAth Ihe UniNrsity Health Board the CCI methodology as part of our in GP Surger5. Thi5 powlar and effec so have iTrcorwraled it into our Indiwdual Personaltsed Plannw Actlve MonSlorin In addition to partirApating in the Mind Cyrnru crrdinated AciNe Monrtoring Prc¢Jramme. we hoK1 Ihe delivery licence in our own rvjht and can offer this as an alterna to CC15 10 individvals find tht5 a more beneficial alternatNe. This offer pro¥hles an ahemative route 10 sUprI for indwK1uaLs who may fjnd the CCI route too challenging in tern ol it5 requirernent to undertake the produdion ol detsiw vrten malwial. Counsellin We offer a fre? coun¥¢llty seryK to wJmen and men vtho Cannot afford to pay for a pr[te ¢ounsdlor and require a greater number ol sess#)ns Ihan a proTrride(l under Ihe NHS scherne. The service 15 operated by volunteer5 and we eurrently Can see 100 individuals Fer wtek for up to a 16 Fer in each case. The service ha3 50 person centred counsellors. We also provide a fee-payiThJ service lor seryice Use IKJ a abÈ and ¥Illr9 to make a finawal ntribuon to reNe a SerVk from a professionally qualified Seonal siaff member. Thi5 58fviL Nns in parallel to Ihe servi(t anEJ peopk a gi}n a dearthc4( betrAen the free NHS tvnded semce the fee-payry one. ln response ¢0 Ihe needs of Ser Use have also debw a sefvtt that can counsel C(wpS. This cw be as part of the free orfee-payiTra routes. Aetivltles Our Group Activities canlled as a resuft of COMD re51riclions aTrJ arth9h ow Wednesday Art Group has resumed, t1 seems lo be Iittk appetrte frjr t uMpts.¢ Of1 others. A8 part of our Tierzero work Gffjup TraIng in ACT aTrJ Stress Control wthin the ider Crnunity. Tier Zero We were su¢cèssful in the f*r Zem retendemg exercise and nryAt the sw¥e in al 6 of the GP Cluste in Cardiff. ¢onne¢tor5 We re awarded the Communrty ConneL#ors Pilol has teen exieTrJed until 31st March 2024. Page 5
Cardlff Mind Lld IRe9tr¢l•rnd numl)•r: 021030451 Reportofthe Tntees for the Year Ended 31 M•r¢h 2023 Objectives •nd •cllvllie8 Extemal artnershi As part of our strategy to deveknp new venUe strategy we prowde exl•rnal tsairHw to a variety oloth•r 0rgantsatns to increase awareness of mentzl heath i5SU25 n the Wer community. We provhle such CDuf5e5 as mentsl health first aid and m8nlal heatth awareness trainirvJ to assst employers meel obh"9#ns to Iheir slaff. Thefe is a d•veloping martet in this area pa"¢y¥dY frn Le9al. Insurance and edu(ational or9anisatK)ns in part is down to the laet that mental health in the has moled spjnikantty w the ernployer 89enda. We hav8 a150 a devekped a 5èrvic8 that iThJThitJual empees as part of a fesportse b) pefsonal issues they may be experiencing and on OccasnS traumabc Michlents alknts.ng largergroups wth•i a Lalterty have been able to maximk8e our pUtat)n have ten delNery partners for EnN)loyrnent Projects and ttety ith Cardiff Council lo prwde Kkntal Heatth Support to stsff and tenants in its Houng Servv. Achbevemefit and ptrfom)•n¢e Choritsble o¢tivitse$ Our Init41 response to the panikmi¢ was lo o)ntinue to prwde our ser¥Kes as long as Yds P)ssiWe. This was of course subje¢t to government gUdIneS and the avakbiir(y of stafflskslls. This involved changing the way V+e wx)rf( particulady in Day ServKe5 had to devel4) a 1%9y of delNeriwJ servtis remotely by tekph¢J)e or dgrtally. We also retsd to budd in •JLlrtiond $llTr by trainiry all stsff to be ab to undertake all a5pefAs of our lbxyk. We negotiated Chang ith colege pariMf5 to maintain tyjr free Counselliro oIety. this requi an ad(Jit¥)nal module for students to te complete¢J aThJ Jso guKJeknes from Ihe &ACP to appr¢)ve the temporary newway ofrking. This wroach has borne frurt a5 have been ab lo maxmiiise OPPtr1unrts at£rwng Ircth Ath" MonitNing n) l)id) we QFeraled our flejibk staffiTrJ aFS)roath to 8xcÈed all (wjr inrtial targets aThJ pi¢knl furtrwO1. We also able Its deliver ¢ontraL#S to employment pro¥thrs that generaled addib.onal inc(. Our reputabon for reSi1nC and k)ibity was aN)reeoted ptsJlarfy by the UHB and % Su$sj1 in being re-abYdrd8d our Core Contract and [e in a strong Posrtion to bid foi an ethnsion to our fief Zero Contract AlthowJ there wa5 a delay awarding Ihe tontrxt imlil June 2022. pased to ptsrt that moved on from our single luster in 2021122 to ha¥irvJ all 6 Cardiff Cknsters. The award ofthe Community Conneclor5 ContTrcl has requi to accommodate a staff team ithin the building. This InitllY was achied by uiilising rooms plOuSlY used for fa to fxe counselling. Hoevef. the lessening ol COVID restrictions meant that the ¢x)le$ ished u$ to resume fa to fa workry. Fortunately, we were at4e to ac4uire a bui14Yin9 to lease i¢hin our current curtilage and hab been ats to turn this into a Counsdlir#J venue. We had been conrzrned thal we Uld eXerien redudKfftS in our TrainiNJ and Priv• Couns•lli(KJ Inc4xne but our move to digrta1 wothNJ able lo offset our ant"pated v¢t The Trustees, decison to n¥e5t in capxty ithin the staff gw has •nabled us to také ffijl advantage of arising opportunitE¥ All in all. 2022123 has been a suttwful year for us the charrfJes in the Way we deliver services, the upskilling of Staff to te ab lo muMtaSk across all our 0"n9$ and enhan(td rewlath.on for bein9 wilient and delivery being reflecaed in a better than expected level of reswrces has gwlly to our financial p)$ition. Flnanclal rnvlew Resutts Thè Charty made an overall sulUS 01 £75.291 12022." £240.081 sulUS.1 This Inased the Chanty's level of reser trom £1,095,352 in 2022 10 £1.170.643 as at 31 Marth 2023. The amount of these reserves attributsble to unre$lriGted reseNes at that date was £8B9.513 and £281.130 beirg 3ttributsb to restrirAed SeThs. Inv¢$tment policy and obje¢ti¥•s The Charrty has exteng¥e invest1 poMErs under its Memorandum ol AsKci*h?n rtstri(i•d only by its chawftabl¢ obJ"ects, prevailing legi$latK)n and the fthduciary duty pL3ced on rts Trnstee5. Ptye6
Cardiff Mind Ltd IReglsler¢d number. 028030451 Report ofthe Trustges forthtr Year Ended 31 klar¢h 2023 Financial rev Reserv•$ pollty The Trustees of carff Mind wnise Ihe lo hold reseNes to ensu ftmds are availab to prode A range of community-based servi$ for people with nntaI health probkn)s should Ihè ine Sev$ls fall. If one or more projecis c£ase, the finantial burden on th¢)se rtsnaining will be greater as the Sha of ontral 5ervvs v•ill iise. Resee$ are also wuld lo meet the fvts1 buress requrements path%larfy in tern)s of investmenl in inlornation te¢hnology and staff trainin9 and devek)K¥ment. It 15 tl Mew of the Trustees that the )n"nuatIon of the organisation and Its ability lo deliver seNtss to its benefitiars ¥%ill te dependent on it being a mcthm trganisation MaxilS1n9 the benefrts ol IT and de"Ven9 seivKes thrw9h a hbghlytrained and comkknt Yholkfor. A minththn le%el ol feseNes needs to be relarnd to ensfft the Tnjstees can olate their exrt strategy and meet ts legal commitments shoJk1 the Chanty be unabte to Lxnbnue due to a of a sustainabbe income slream. The Tru$lee$ have undertaken an an5 of short4ern reseThp requirements and have invested sorne ofthe $h at bank balances to generate hher levds of income Ir¢m interest than are (Ydinarily aVaIL a thrreni or even depo&t account. The Charrty is dependenl UFon teceyt gf Suppryt Peopk Re Grdnl. a the Cardrff and the Vale University Health Board and Grants preO51y a(kninistereil by the Wale5 Coun¢l for Voluntsry Action and now by the UHB iogether wth other income from donatb)ns, exiernal trainiThJ and wvzte oJunseliTrJ. The cwrenl economic dThale is uncertain and the threat ol Central Govemment cuts will almost cthainly have a negalf¥e on future inwme. 8ased on the above, the trustees have exarnined the cartyS requirement for reserves in IvJht of the rnain risks to the organisation Based on analysis, the trustets have develcped a re5erye5 Oicy and have cakulated that the charty needs to hokl É390.000 in reserves to manage cash fl¢yw. ¢¢tUY and liabilty risks as ll as any emergency expenditu and mons forexpansion of se. Our current potential IAbilits exdLpJwig amounts that WOU noi be o)vered by of our rtstricted reser¥es re as follo%kn. 8uitrJing imwovements arising from the purthase oflhe propty- £150.OC Redundancy Liatylrfy- £9),LKKI OFeratin9 Costs- £100.¢XV) Ergene5 £50,000 We have also Klentified the need to pro¥e for new caplal vestrnents Property Puhase on exp¥y of our Lease in 2023124- cOntrUt trom fijnds toward5 a mortg8 £350,11(K) The level of availabk SeNe$, i.e. the tol unrestricted ser kss amounts insted in assets amtsjnled to £852.217 preSentS 52% of total expeTr#iture. on Ihe asswThplion Ihat the Chanty wanw to rnairtsin all its rren1 Ve1 of services no restricted fund •rorne. Trustees a o)t7¥7)rtled lo maintsining rrefit ser¥Ke leveb as long as ts fvnding pemiits. Incre8ses in salar$ will be Llependent upon Ihe ¥el of fvture incorne strearns. PagÈ 7
Cardiff Alithd Ltd IRtyist•Ted number: 028030451 R•port ofthe Trustees for the Y•ar End•d 31 Marth 2023 Future pl•n$ Dvring the year we were antp#ll19 the tessa11 of our S4yorted AcLmmtidation Ser¥iee as a sUIt lost income because tenants were moviry out and not bein9 repl3Ld. This rYant Ihat could not daim Housing Benefit for void$. In anticipath?n of the seNitt ceasing. slaff naturally soughl more slabk empknyment elsewhe and it proved irnpossi¥le to recruit into these va¢3noe& cSeQUentty. e were rtJbJed lo resort to A9en¢y Stsff %thich naturally i8 a more expen51ve option. The Parbiersh¥J wrth UHB rne very late on in the day but offEts a real prospect fortr service to cfjntinue bng into the fvtU. Its Initial success bo¢Jes well and has gwen us confyjence to recruil ito the serv thebY re(lucing Agency cost5. It is likely that in the short-tem there ill neèj to be an insestmeni In fuotshMen1 as much of the %4r•rk had been put on hdd given that the servree wouk1 ase A sgnifanl benefit of Ihe new arran9emenls wll be that the UHB wdl Underite loss ol HousiTrJ Benefft rf we have places availat4e but there is a delay in findw Suitab tenants. ThKs rernoves much ofthe ii5k However. earfy IndtIonS show that ve have exceeded our inrtial tarws lor placements arid we remain confldent that ttat is ojrrenlly a" Pityjf ill b8 wLawiz8d. Our SucsS in hing fuThging kjr Ir Core Se in a tenllwing exercBe has 9i¥en 3 yea. funding with an extension ¢)ptw)n for a fiJrther 2 years. Similarfy, we ha been $uo2ssful in the Tier Zerts rt-tenderirvJ exerose which has nol onty achved Ihe cx)mpkle Ser lor Cardrff- Irorn a baseline of one CILter to thtr SLX cffi offer. Not ¢)nly dees this brin9 around an addity.onal £210k of Revenue, it akn takès aoy one of r maior local cornpetrtors in thts aa of We have also sec¥red a IfzrKe to prowth Achve knitoring the Mind fraMeIk. This certainty the welerred offering for University MMISSIOrT$ and we aR optim15tic that this wll retain a revenue slream for the forthc(Mnin9 period. Indee(l. rt is hwhly likely that this particuLar otrerirrfJ played a ygnffitant ide In wr tendeftn9 successes. We are delohted to hi9hlvJht an e¥Er-strengthening patheTship zpproath Mind in the va who assisted us with the devebpment ol Ihe TEr Zero tx)ntra¢t bvl pethaps more importantty has enabled u5 to o)n5ider how best to respond to opportunitie5 and threals acr055 the UnNersity Heallh Board area. We a both (yyNnbtted lo ensurw Ihal otiiens in Ihe area have access to a tull range of servi$ deli4tred to IAnd Values and see the luture as being one of increasing Collaboratn. The LN)rni¢iliary Support Service CA)nlinues to inhabit a very insecure 8nvironment with fomer CCHA Conlract being deojrnrnissioned. On a 5rtIVe note a alL$.¢ prospect that there wil be increased opportunitie5 fcrf the servi( from the ey of wck¥g the tyarffj envBage Ihe reteniw of our nats and Iiwffijlty the continuation of the VenUe a¢tathed thereto. Once aIn. the Trustees habt agreed a defi¢)t bet for 202Y24 h)pefvl thal we ¢tinUe lo m8na9e our voids eI¢ntlY and that Ihe call on reseNes wll be less than pbnrd. It is also important to note that having evaluated th? reseNe levds reqUId 10 meet liablrties anL1 bjsiness cJ)ntinuty needs and mel those basK requirements the Trustees are of the ¥w that excss $Ou$ $houkJ be depknyed in such a manner a5 to securE better se$ for people experiencing ffental health issues. ralher than sinply storiNJ them for futu use. The defirat budget Is very rnuch in line wth Ihe prevts)usfry $ucces¥fvl strategyto maintain capacrty lo mmIst oppthiTh"e$. Over the last three year5 our Reserves have 9roMI maswdy. The reseNelspend ral#) wll CaSe during 2023124 an¢J lunders wll ègitmately 8sk.kny are your Re3er¥es 50 hbjh and vthat do you inttnd to do vthh Ihem?" We a r¥)w in a position thal enabS us to tonsK1er purchasirg %h a ml939e our premises to act as a base Th15 coinodes with Ihe expiry of our lease in Odobef 2023 and wwky ob¥p)uYy be consKaered in the Iwjht of its impad on r cash fiow. Nevertheless, it appears to be a sovnd $trate9y to fimly establish our Presen and ojrnmrtment and provide useful investmLwt in the medium tenn. In order ¢0 maintain our Servi base. it %ios desmed appropnate io guarantee our long4emi future by congikring Ihe potent1 to move from a lsehOld tenu inio one of ow)ership. This wovld also eviden our continuing CMrtment lo our seryKe and it5 beneficiarie5 Vithin Cty an¢1 County of Cardiff. We made the purchase in 2023124 and nrw have a capital asset thai has a rtu poiential to inaSe in as a development sile wilh th• n8sSary wline pknning Fermiswr& Of course, tent experien(t has taught us that Or¢UntanceS can thange masswtly - tl Pandemic a class example. However, * ran e¥ence Ihat VK8 wr robust contrency arJ Busines5 Continuily pr¢sseS we ean respond nimbiv and in¢Jeed have been abk to tvm what coubj have so easily ten a dtsaster into an opportunity to str•ngthen our posilK)n. Thts ha5 beeTh diiven by ow fvTrJamentsi ethos of supportiNJ our dient and wthing alongside SiaDJtory an¢J Volunlary Sedor partr¢ to inyovè ts liss of Cardrfl c4iiiens ho are experenc41g Nntal health issues. Strv¢iure. go¥emanc• and m•n•g*ment Governing docum•nt The tharity is controlled by its governing dorxjrnent. a deed crf tsu¥i and ojnsblutes a lirrth cornpany, limited by guarantee. as defined by the Companw6 Act 2¢XA.
C•ryllff MIDd Ltd IR9iSt•rnd number. 028030451 R•port of th• TnJ$t• for the Year Ended 31 Mar¢h 2023 The Chanty 1$ a Lirnited Company (registration number 23045) and is gerned by its m018ndUM kn'cles of Asswabon. Car(irfr Plind regi$tered wth Chanty Cunmi59oners Number 102C633. Tmtse •ppolnlmen¢ Inth¢llon •nd tTrlnln9 The Charity Trustees zre the people who are legally rewnsible lor the overau managernent and decision rnaking in Chanty. AS a krger Chanty, staff cany oul the work of Ihe charty and the Trustees are resb fts¥ moriloriThJ aThJ controlling their acbvrties. The Tw$tees aw a150 th"r•ctor5 for the purpc¢5•s of the Cotroanies Ad. The Tntslees a eleded each year by the Mbern of Company at the Companys Annual General Meeting and forn the Cunpany's Management Comrnittee. The Corrffiittee ha$ desunated rrembers TrAtho Carry out the roles of Chair. VKe-Chair and Treasurer ihe5e too are elected at the Annual GerÉral Meeting. There Can be up to 12 Trnees, a minimum of 2 M81 be users of the servte, a 2 people may be -opted to serye on the Commrtiee. Prior to Ihe Annual Ge[ra1 mee"9 Ihe Company publici5e5 the fact Ihat norninatv)n5 50Ught fcf e10n to the Management Committee vka diredly cont#ng mernÈer5 ofthe Company and express)ns of M)terest art inwted. Those m•rnbe whc are interested ID serving aTe inwted to wrth the Chief ExeDJlNe to discuss thè fo in greatef ¢Jetail and also what skjlls need io be acquid for Ihe indivKlval to a¢lThtly and effetlivtrly ts)ntrtsute. This w(xJld then fomi the basis of an indivKlual ¢e¥ek¥jmenVir#Juth" plan. Folbwing the Annual General Meeting Ihe Managewnl Commrtte r•uld con5h*r ts new o)mpoon and skill m and QUId rec$$$ any shorto)min9s vk? &lverbsement and Inth"al cowTr of intetell pe(sons. The pre$S of inlomial discussion with the Chief Executive is Sinikr as is the ents"ra.1)n ol pewnal development issues. Prior to CopOn the wouldth Mana9ement Commrttee Vember is invrted to alknd a of Management Committee Meetings as an obserw pi)r to becomir¥J a ctropted rne. Corporate governance The Ckganisation B managed by a voluntary Management Cornmitlee whw rolp is to sel ihe overall objectives for Cardilf Mind and to ensure that the organi%ats'on Is keeping ¥thIn its and moral obligations The M8nagernent Cornmittee hokls the ultirnatè control and resportsibility lor Cardiff N'nd aTrJ rfs opèratK)ns. managenI Cornmitteg members a from a wde backgrouNJ, bmging te8etheT ryofesstnal. commeroal and local expenenee. The a some members who can provide a Se perspectrye. As ar It end of Ihe Financial Year three of the . Management Committee brought such a per5perAive with personal eyperience of the Pe range of servres prowded. Thi5 represents a 5igrirt proportion ol Cowrwnfflee. The Commrttee meets formally every three mmths an(1 rn0 frequenuy rf operational or gernaft issues qUi As part of the Buwness Hannfft9 exerose the Commrttee Yed the skill mix available and increa[ its base by advertising for Committee members. The re5portse attracted some hh calibre candmlates and will be revithved c an annual basis. The Management Cornmittee hag aLso established task and finksh parls to de specxfic items. These groups comprise Commrttee Memtrkrs and offir$ an(1 are able to examine pertinent in more detail and report t1r findings and reeornmendations to the Commitiee lor informatM)n and deliieration. . The Management cLMittee is respOnsie for the organisatson's strategy aThY policy frw)e•th. It delegates the day to day mana9pxnent and implernentan of that to the Chief Exe¢uti¥e. The Management Conwnittee has de¥eloFed and adcpted a nurnter ol key polw snitiati¥es dewned to improvè Corporate Governan and organisatnal perfOance. These aangernenlS are exlemally eWed by lunder5 and also have been scrutinised under the MiThJ Quah"ty Mart Frame()rk in 20023124. The PolS themselves a subject to Annual R•v*w in genernl and a spe¢Jk delaiknj revi&w prtyJfamme to ensure that they m01Th for purpose. Relat•d partles There a Th) rdate(I party transxb¢yo. Refevenct and admlnfjstrntfve detsms Registsred Company nymber 02803045 (England and Wales) Regl$tered Charity number 1020633 Regbteyed 166 Newport Road Cardiff CF24 1 DL Page 9
forlh•Y•vEnd•l 31 Ilth¢h2VI3 Phlip £thrd$..chiIl' Ndj Fujion. Trnb9w•r J>¢qwlin• VAry Jo Audhorn" 7 NOpiw Coun Vanguaftl W#y CF24 5PJ HSBC C81illft' CF102PX Th¥itruOeS I1...;9.thv ol'cardw. p.Ltd.Y Ihg oi ¢omp8ny W}.aro rwppnsffiblp Iw 01 Iho"Btst• ol 4>f tharilatye t¥)rnWY.a.0I th"? rawirè •ThJ 8ppll¢81itin'al ffjsour. tsi¢ludln9 Ihe'Compani•s Acl 2(X16. are'a160 r05pon4tr4p kn" safegth èwlB"ol the ¢harftalYb" comp•ny and .. th• thit•¢s h9¥p.N dl 8tw.th•i vJht tr• hov• i lo m•k• thÈrn'Yds" •wr• ol •iy MI•v•ht.8AMI knnu•l M¢allry. Thi5 roport has teon rrnwpd In Wil .small c4fftponles. tho wi?al (V Part 15 oi the Crynp3nbB ki rnlati £3 Pw1D
Report of the Indep•ndentAudltors to the IAenerB of Carthff Mlnd Ltd Opinton We have au¢ited the finankial #attynts ol Cardilf Mind Ltd (the '¢haniable for the year ended 31 Mareh 2023 Trhthich MprISe the Ststement of Finanoal Activthes. Ihe Balance Sheet, the Cash Fltrw Statement an(J notes lo the financial statements. includiThJ a summary of $ty3nificant ac¢ounting polioes. The financial reporh.ng trewOrk that has been apie ift their prepwation is appl law and Uniled Attountirtg Standards (Unrted Kingdom Generally Accepted Aco)unb"rg prath). In our opinion the financial stalements". 91ve a true and fair vwi of Ihe of the tharrtabbe e¢)mpanys affairs as at 31 March 2023 and ol its incoming re¥our¢e5 and application of resources, indling its inc4Th and expenditure. for the ar then ended," have bee property prepared in accordance United Kin9dom Generally Ac£epted Ae¢cnI9 Practti". aThJ have been prepared in aca)rdat wth the requi1 ofthe CoMpaTr Act 2C¥A. 8a$h for oplnlon We con¢Jucle¢J our lIt In xcor(1¢e with IntematKnal Standa5 on AudrtirJ IUKI IISAS IUKII and applicable law. Our responsibilils under those standar(J5 affj fvrther described in the Athlitor5' SPOns4'11t1t5 for the audrt ol the financial statements sediorn of our report. We a Mden(lent of the charitable company In ac£Ordan wilh the elhi(al requirements that are vant to our auL1rf 01 Ihe finaal statements in the Ul( Includry the FRC'S Elhic81 Standard. and have fvifilkd our other elhical Sp¢S1rts In ac0)rdar these reqUents. We believe that the audit evidenc we ha obtained is sufvent and approwiate to pffjvwje a ba"s ft¥our opinim. Conelusions rnlaling to 90in9 ¢on¢ern In auditing the finanaal statements, we have cx)ntAed Ihat trLL8' we Of Iht going eoncm basis of afxounlir i thè Preparn.0n ofthe finartial ststwnents wwropriate. Based on the vrk have performed. we have not identh"W any materi81 nrtaInl$ relating to event5 or condrti¢)ns Ihal. indimdualty or eollectvely, May cast significant dwbt on the Charite oJrnp3nls ability to continue as a 901Tr9 concern for a of at leasl bl%e monlhs from %%then the financial statements a authorised for iss Our SPOnsI11t1es and the responsibdit5 ol the trustees respe(a to 90ry c4)reM are dribed in the levant sections of this report. Other infomiallon trustees are responstsle for the olher infom)athin. The cther intrjrmab.on ¢omprises the infornation ineluded in the Annual Report. Olher than the financial statements and our Retx)rt of the IndeperKlent Atylitors thèrEOn. Our opinion on the finanoal stalwnents dces tover other infompbM aThJ, except to the extenl 01heiSe explicitly slated in our report. do not exp$5 any fomi of assurance COn$10n the(. In connection 1th our audit ol the ffinaDoal slatements. Ouf wpjrksbihty i% to read the otrr information aThJ, in doing $0, cons¥Jer lthether Ihe other information 15 materially Ino)nsslent ¥h the finawl $tsiement$ or our kno%•Aedge Obtained in the audrt or other¥vtse appear3 to l)e matenally misststefl. ff e thntrfy suth material incoTrsi8tenae8 or apparent material mi$stalernents. are requi to detenni ther this 9wes rise to a material misstaternent in th• finanoal statements themselve5. tl. based on the have perl(Kmed. we Colde that there is a materrdl misstatement of this other informatDn, are required lo"report that fact We have nothiTrJ to report in this rega. opInk> on othor Matte pre5ciibed by th• Comp•nies Act 2Q06 In our opinion. based M the work undertaken in the coutse ol the a1 the information given in the Rep£wt ol the Trustees ts the financial year for the finanual staterfnts prepa 13 Conslent wth the finan¢Jal alements." aThY Ihe RepDrl 01lhe Twstees has been ppared in a¢an ith aPp1Kab legal lewients. MatterB on wlwch w• Trquirnd to rnport ty excepllon In the light of the knoqedge and under5tsndiro ofthè chalitat ¢empany arLI ts en¥wiment Obts in the course of the audit. have not idenliw material mi55talements in the Report Of Trustees We have nothmg io report in SpeCt ofthe f1 mattw5 vthere ihe Compan5 Ad 21K6 rnquires us to wort lo you rf, in our opinion-. adequate attountsng rerdS have not been kept or retwn5 3(knquale lor oui audrt have not been reNed from branctss not visited by us.. or the financial stslements are not in agreemenlwth the ac£wnts"rg aThJ relwns.. or certain disdosuw of tnjstees, rernuneration spe¢Jfied by law are not ma(k'. or we have not reived all the Inf0maln and ewanaborts * require for wr audit.. or the trustees were not entit lo lake advantège of the small compan*$ exempbon Irryn the rewirement lo prepare a Strategi Report or in preparirrfj the Report of Trustees. Page11
Reportolthe Independent Auditor5 to the memb? of Cardiff IliThl Ltd Respon$lbllltkns 0ftnte As èwained more fijlly in Statemenl of TN$tees' RewisOIlrt, the trustees (who are a150 the dirnd0 ol th• charitabb company lorthe purposes ol ¢xmpany lawl a lor the preparation ofthe financaal statement5 arKI foi being saty"$fied thal they give a true and fair v•, an¢Y ts such initmal contrc4 a5 the trustees deteine is necessary to ènable the preparation of fanc#al slaternents that a free from materol misstatement, %thether due to Irdud or error. In ppa9 the finanaal staMents, Ihe trusiaes are re5Fon5itJle for assessiThJ the ¢aritab cornpanws ability lo continue as a going concern, dts¢105ing. a5 applicabk. fflatte related to Ing tx1nM and using the going concem basi$ ol accountsn9 unless the truslees wther intend to b"qUK1aie the chaitsble i•ny or to ceaw operations, or have rK) all&'C altwnative but to do so. Our SponSIbIlItIeS lor the •udrt of the fin•n¢ial ststements Our objective5 are to cètain reaSoble a$sUrar al)out whether Ihe finanoal ststements as a TrAthole a tree from material misstaiement, Whetr due to fraud or error. and to issue a Report of t Independenl Audrtors Ihat includes r opinion. Reasonabk assurance is a hbah level ol assurano, bvl is Tr)t a guarantee Ihat an aL#it conducted in $C[dan wrth ISAS IUKI will always tlete¢l a malerial mi$ststeftl rt exists. M155tatement5 can arise from fraud crf error and are considered maierial if. in(INKlually or in aggregate. they Id wsonably be exFected lo influen the economi deasions ol users taken on the basis of these financial statements. Tr extent to Ythieh our pueS arp capab of {lete.[¥j iThe9uk8ribes. inrjuding tra1 • detsiled belowr. Our ann1rj prc¢edwes idenb.fy the gal and rtrJutsiOry franeworts aPpItsb to the operations and financk?I statements of Ihe ccffjpany. These are revie internalty vith the audit team includin9 leVant irKJustry expenence and expectati¢Ms as b%tll as externally %wth 1he client management. The key laws aThY reguLqtions o)nshYere¢ in this )ntext the UK Cempans Act 2C6. Charrt5 SORP IFRS 1021 'Ac£coJntiThJ and Reportin9 by Charits.' Statement of RecommeThJed PraLX4c applicab to charibes weparing their acojunts in ac1rdon wlh the Financial Reporting StaTrdard ApplICb in UK and Republ¢ of Ianrf. UK GW IFRS 1021 and rdevaTht tax leg151ation. Orte identified, assess Ihe risks of material msstatements in relation to the laws and wuLalions, rrreguIant$, induding Iraud and •Jjust our iesttr¥J acurdingty OLK audrt prOdureS IndJe.. Discussing with Trusiees and managemeni areas of t business they flie¥e to be MO susceptible to fraud, and whethef they ha any knowwge or suspirion of fralUlent a(thrtw". Obtaining an Undeland1 of the key controLs put In Pla by Ihe cornpany to risks i(lenbfie(I, assessing the effecaiyeness of Ih(6e aThJ di$$s1Th9 h•theSe are maintained and Monitored Inlemally". As5e5sing Ihe risk of managerrent override and re¥1 and sling ofpumal enthe$ made into the accL)unting system," Di$cvsng Wlth Trustees and Managernent the legd aThJ regulatory OblallonS of the busiress anLI ttetherthey have any knovAe¢e or suspicion ol rK)n compl4nce. 0g¥pts th¢ audil being planne(l aTrJ (3)ThYuded in aC(rIan ISAS IUKI remains an Unavoidab risk that material mlsstatements the finanaal statements may not te delected oTr9 lo Inhent linilations Of the 3Jrt, and Ihal by the¥r very nature. any such instarKes of traud oi irregulari5 W(ely involve oslusion. forgery. intentional rnisrepresentalion, or the ovemde of intemal ccnlrols. A further deStIon of our responsJilrties fr)r the awjit of financial stsments is located on Ihe Financial Reporting Counc4'5 bSit al wM.frc.org.uklauditorsresponsitsli&¢s. This +Ye$cripln forms part of wr Report ofthe kndependent Audrtors. U8e of our rtport Thi5 rvpori is made 501ely to the charitable companls rnbel5. as a boay. in a¢xordanct Trmth Chapter 3 of Part 16 01 the Companies Act 2006. Our audrt work has teen undertaken 30 thal mi9ht state to the charitable ¢))mpany's member5 those malter5 we are required lo stste to them in an audrfors. repori and for no othef purpose. To the hjlkst extent pemirtted b do noi aetept or assume respon¥bilty to anyone tsther than Ihe ¢harilaNe 7panY and the charitable membws as a txly. for our atyJit ryk. brthis t, or for the ownThs have fom•J. Clive Edvfards ISenK•r Statutory Auditor) for and on behalf of Haines Watts Wales LLP. stsIory Audrtors 7 Neplune Court Vanguard Way Cardiff CF24 5PJ Date.. Page 12
C•rdlff IAlnd Ltd St¥lemen¢ ol Flnandal A¢llvltSes Iln¢orporating an Incorne and Expendiiure Accowrtl lor th• Year Ended 31 •AarEh 2023 2023 Total fund$ 2022 Total fynds L$trd Rstrictsd fynd• funds Income and endowments Imm Donations and legacies 23,385 23.385 .994 CharllalAe ad¥ltl EmpOtrt and support 1.071,486 568.479 1.639.965 1,412,643 Inve¥trnenl InrMe Other incorne 7,374 35.999 7,374 35,999 2.083 126.343 Totsl 1.13B,244 8,479 1.?,723 1.572,C63 Expendltiire OD Charltsble a¢tl¥ltl•s EMporment and SUPFQrt 1.035,291 5*,141 1.631,432 1,331.982 NET INCOMW(expeNDITUREI 102.953 127,6621 75,291 240,081 Reconclllatlon olfunds Total lunds brought k•rMor 308,792 1.095.352 855.271 Totsl funds forwa 889.513 281.130 1.170,643 1,095.352 The notes form part ofthese finaroal stslements Page 13
2D22 Téivith a658i# 2',450 12 13 195.429 279,104 1.OB2 195.429 279.104 la03.38B 97 277'A7 281.13rJ iJ58.79i 11.130 17,.T12 Cv•OIIOrri 14. 16T1A871 1871.4UTI 1274.8701 281.18D 9>13 .281.1 1.170.643 1mS,352 8W13 Fund• 7¥5 R0Strttsd 281.130 .1.0x352. 41iW to th? mll c4)mpwl•B rnglTri•:
C•rflff Ilind Ltd Cash FlrA Statsm•nl for the Year Ended 31 M•r¢h 2023 2023 2022 Calh IIow8 frorn owlating aetivib•s Cash ganerated Irom 0rationS 357.181 Y9,859 Net cash provided by opeIrj athts 357,181 549.859 Cash flows from investing activib•s Purchase of tsryible fixed assets Interest received Investment inte$t 12,1121 7,374 1,637 13,300 2,083 1.628 Net $h provided by in¥estirJ a("vths 6.899 Cn94 In cash and ush equlvalents the reporting period Cash and cash equlvaltnts at the be9innlng ofthe reportfjn9 porfod 550,270 999.308 449,038 ¢a8h and rA$h Oqulvants at the end of the r•porting p•riod 1.363,388 The notes lomi part ofthese fina31 statanents P•J¢ 15
Cordlff IAlnd Ltd Nol¢• lo the C•$h Flow Slatement lor the Yer Ended 31 March 2023 Re¢onclll•tlon ol net income to net Cash flow from operalkng actTrvibes 2023 2022 Net income for th• pting wiod ls ptr th• St•t•m•nt of Fin•nci•l Activities) Adluskn•nts lor. DepreL¥ation tharyes Interest reL*i¥ed Ilncre85eydecrease in debtors InaSe in txedlors 75.291 240.081 353 {7.3741 1107,7071 396,618 12,0831 164,814 139,139 N¢t u$h provkled ty operatlons 357,181 549,859 Anaty515 of chang85 in net lunds At 1.4.22 Cash fl+ Al 31.3.23 Net ¢a$h Cash at bank and in hand 999.308 364,080 1,363,388 364,C80 1.363,388 Lsquid mources Deposrts included in ¢ash CUrnt asset investments 277.467 1.637 279.104 277.467 1.637 279.104 Tolal 1,276.77S 365,717 1.642,492 The notes lo part ol Ihese finarrial stalement¥ P•Je 16
Can1iff IAind Ltd Not•$ kn th• Financial Ststemenls f(A the Year Ended 31 Il•r¢h 2023 A¢coubWng policies Basls of preparing the financial staternents The financial ¥tatement$ of the tharitabk u)mp8ny. is a btnèfit entity uythr FRS 102, ¥tr b#8n prepad in accordan ith ihe Charitiw6 SORP IFRS 1021 'AccountiTrJ and Report9 by Charities Statement of Recommended practs" appl'cabk to chariks prepzllr¥J thr account$ in accordan wth the Finanoal Reporting Standard applicab in Ihe iJK and Republ of IrelaTrJ IFRS 1021 leffecbve l January 20191., Finanrial Reporting Standard 102 Tr Finanaal ReportiNJ StaThJard appltable in the UK ar¥J Repubiic of Ireland and the Cornpanies Act 20C6. The final 5tatement$ have been prepa under the historical cost CVenti. Income DOna'onS are recognised there Iher8 is enb•rt crt•"rty of receipt and Ihe arhThint can be rasure wrth suffient reliability. Revenue grants are recogntsed in th2 penod in which the eyptrndrtu to %thich they relate is Ineurred. Where there are conditions atlached to the Ltse of these grants they are credited to Ihe Restrtted Fund. All other revenue gran15 are induded in the Gsntrral Fd in unrestrided I)d$. Rental incL)me is based upon Iheweekty ¢arge arsirg in per#)J to il rela¢e8. Deferray incrxne represents amounts ce¢I for future perKtyJs rekns•J to incorniThJ resou in thè per for wthich. it has been receiled. Such 0)rne is only deterd when". The donor speofes that the L)natn musl On be used in future xcounting Feriods.. or The donor has imposed WKliiKns must be met befc(e Ihe charty ha5 urdrt1onal enternet. Investsrent income is recniSed on a rl¥able ba"s. Other inc£ffie is aoxunted fcf on a receivable5 baws. Expendlture Liabilitps are rewni¥ed as soon as fvre i8 a le9al or D)nSIn1b obligatJn oJmmrttiThJ the charity to the expenditure All experKlrture awnunted br on an aTUal5 baS has been dassifd under heajings Ihat aggregate all costs related to the categcfjf. Charrtable expenditure compws tM)se costs incurred by the thanty in the dehvery ol is actNthes and servi9 for its benefiaaries It indydes both ¢osts that be alirK¢d dir•dty to actwitS and those eosts of an Indi¢t nature necessary to suppcrft them. Support ¢o$ts Support costs ilUde central fvnctsns and have been allted to xliw.ty 51 tegorieS on a basis ¢on$islent %wth Ihe use of resour, for exampte. alkncatiTrJ o)sts by ftoor areas. or per caw. slaff costs by t time stent and other ¥y their LBage. Go¥Pma0 costs Gtsvefnan ¢osts indude Costs of the weparation examination of the statutory accounts. the costs of trustee meetings and the cost of any legal adwce to trustees on govemancÈ or constitutKsnal matter5. Tanglble fixed •Mets IndN•Yual items c05ting £1,( or morv are initially rvL>)rded al Cost. Oepre¢latlon Depreoation is prov C tsryitAe fixed assets so as to WTite cosL less wby estimated resKlual value, over the¥ expeded usefvl e¢orLom lile as k4bws'. Olfice eqLm&?n{ Fixtures and fith.ngs C9rnPUter equnnI o¥er 3 year5 over 3 years 0r 3 yews Taxallon The cornpany is a registered charty aTrJ all of ts incxyne is primary wwose it is. therefr. exempt frryn taxabon. Fund accounting UnstriCted funds • in accordance ¥Ath dritab d>pdNes at ihe disrJet)n ofthe trustees. P4e17 conbnued...
Canliff Ind Ltd Motes to the Finan¢lal Stat•m•nts. tomnd forth• Y•aw End•d 31 IAarth 2023 Accounting pdkl•s- ¢ontlnued Fund accountlng Reslrided funds Can lY be w8eLI for partir9r restrided purposeswilhin Ihe objects of tharity. Restridion$ arise when spe0r by Ihe donor or ¥thn fijnds are raised for Partr reslrthd purposes. Further explanats'on olthe nature and purpose ofeach luTrJ in Ihe noles to the financial statements. Penslon co$ts ond other POSt-relement benefrf5 The charity operates a defi pertsh?n srkne. Contribulb)ns charged in the ststemenl of financial altS as Ihey bec4yne payab in actordance ilh Ihe Fukn ol Ih8 scheme. Debtots, creditorn and eash Current assets antj liabl1rt. IrdLKlin9 cash held al bank a reccgnL8e(l at rxst or valu8tKJn as at Ihe year end. Donations and legacies 23 2022 Donations 23.385 30.994 Inve8lrnent Inco 2023 2022 OeFx& account interest 7,374 2,083 Income from charitable activities 20Z3 2022 Athlty Local Menlal Hearth Grants Scherne EnyoweThrnI SUFPOrt Cornrnunrty Connector5 Empoemienl and support D¥Jrtal Tfanslormaton FuThJ Enwoerment aThJ svpport Adi¥e Grant Fund Emporment suFport SPG- received in year Enyowerment aTrJ 5UFPOrt Tier Zero Empoernent sVPVOrt Emptr4fmeM aThJ SUK4)0rt 231,959 184.878 257.305 164.888 1.200 1.oc 209.337 49,588 68.79S 104,734 198,744 192.066 68,796 134.762 SPRG . L)omKiliary Ca Cardiff and the Va UnIr$ Heath Board EmF4Jvrrnent aThJ 5VPWrt ResJents charges rei¥¥b Empoen[ arn1 SUFVO Voids Emprnt SUFPOrt Nab"onwde Effwennenl aTrJ SUFVOrt Counseuing fee¥ Empovrrnent svFporf Active MonitoriTrJ M'nd EMP[reTrt arKJ SUkVOrt Cardiff MIND wellbeing hubs EMpem1en¢ anLI svtwrl MINDS cost of IIng Iuntl Eftwo4mient a1 support Counsellin9 inteNentv)Ths EmpThemien¢ aThJ support CCC Stsffing c05t 61,CQ2 315,403 179.1771 23.748 81,115 110.Lh)8 42.11XJ 18.CrfJO 44.(K1 12,500 61.002 309,892 129,7331 23.848 72,967 117.819 1.639.965 1,412.643 PJe 18 eofflinued...
Caydiff Mind Ltd Mote8 to the Flnanchl Siat•m•nts. eoniinu•d for the Y•ar Ended 31 Ilarth 2023 Charilablt actlv•tl•s costs Support osts (See note $1 DlrKt Costs TgtalB Emporment and support 1.520.574 110.858 1.631,432 Support costs Governav ¢o$ts Fln•n¢e Totsll ErnpoErffent and Swport 87.376 23,482 110.658 Support Costs. Indithd in above. are as f10.. 2023 2022 Emwennent and suppL)rt Total a¢tl¥lll•8 Wages Rent rales Bank charges VVage5 Audrtots, reMuneraln Audrtors, Muneraln for rth audrtT 67.561 13.277 6.538 11,493 4.578 7,411 66.8¥2 13.146 11.379 4,529 6.314 110.858 102,959 Net incomellexpendilu¥el Net incrrfnelleypendrtwel is stated after tha(rdi11. 2023 2022 Audrtor5' Mnerab"On Other Th)n-audit seNtis Depreaation- assets 4.578 7,411 353 4.529 6.314 7.908 Tru$tee8' remvnerntlon and beneffts There rE no trustees, rerntirEration or cther t%nefts for the year ended 31 MèTth 2023 rKr for year ended 31 March 2022. Trustees. exnBe5 There were no tru5ttts' w?nses pa lor th• )af •ThJed 31 Marth 20rJ nor for year ended 31 March 2022. Stsff 2023 2022 Wages a1 salarEs Socaal security costs Othèr pensK)n LSts 998.322 82.361 53,873 836.095 54,642 45,143 1,134,556 935,880 Page 19 continued...
Cardiff Ind Ltd Mote5 to th• Financial Staternents- contlnued lor the Y•ar Ende¢l 31 March 2023 staff costs * continu•d The avera9e monthty number ol employe85 durry th• year wa5 a5 follcAKs: 2023 21122 Chaable activths Support staff 62 No employees tetsived emoluments in ex of£e0.0. During the year Cardill Mtnd Ltd paH1 key ManagenI gross Sala lotalirvj £241.094 12022.. £208.3011. Key management are considered lo be 6 fftdivbJuab diredly Impad upThi Strate9 dI¢0n of the ¢8rrty. 10. Comparatives lorthe ststement ollfjn•n¢fjal xtlwltleg unrestrict R¢strict¢d fund5 funds Totsl funds Income and tndowments from Donations and kgaaes 30,994 30,994 Charitable acti¥itie• EmpOwernt and support 975.048 437.595 1.412.643 Investment inCme Cther inct)me 2.083 126.343 2.083 126,343 Total 1.134.468 437,595 1.572,063 ExpendTrture on Charitable activitie8 Emp0rEnt and WJFPOrt 949,472 382,510 1,331,982 NET INCCAIE 184.996 55,085 240.081 Reconclllatlon of fvnds Total fvnd5 brought foward 601. 253,707 855,271 Tot41 funds eathed lor•Ard 786,5flJ 30B,792 1,095,352 continued...
Cardlff Mind Lld Not•s to th• Flnanclal StsI•mts- continued for the Year End•d 31 March 2023 11. Tanglbl• fixed assets Fixtuv•$ and fltUng$ Cost At 1 Apr# 2022 Additions Disposals 94.8 2.112 138,5731 At 31 March 2023 58,429 DepY¢iation At 1 April 2022 Charge for year ETh'minaleil on disposal 92.440 353 138,5731 At 31 March 2023 54.220 Net book value Al 31 March 20fJ 4.209 Al 31 Marth 2022 2.450 12. Debtord: amounts falling due With one year 2023 2022 Trade debtors Other ¢el)tors Prepayments an¢J acryued 22.467 154.286 18.676 21,626 48.741 20.630 195.429 90,997 13. Curr•n¢ as$•¢ IntMstm•nts 2023 2022 Montes helJ on deposit 279.104 277.467 14. Credstors: arnounts falling due wilhln on• >•ar 2023 2022 sla1 security and othertaxès Othèr credito AC¢al$ aThJ deferred kncome 21.930 24,980 624.577 10.512 36,164 228.194 671.487 274.870 Oefetred income browJht foAva Arnounts released to incomirg resources Amounts deferre(l in Ihe par 218,615 1203.6261 S91.820 92,184 168,4371 194.868 Oeferred incOff carrd foNArd 6C6.809 218.615 Page 21 eontinued...
C•Ydiff Mind Ltd Notts to th• Flnan¢lal Statsmtnts- conllnued fw the Year Ended 31 IlaY¢h 2023 IS. Lèasing agr••ments Minimum Itas• pay77)ents undef norFw¢el&Jle OFeratin9 leases fal due a5 follM'. 2023 2022 Within one year Bet4%ten one and five yea In more Ihan five years 3,224 44,724 30.657 5,642 12,090 81.023 16. Movernenl in fvnds Net movernent in funds At 31.3.23 At 1.422 Unrestrktsd lund$ General lund BuikliNJ relurtJishnnl knd 734.642 51.918 121.785 118.8321 856.427 33.oe6 786,560 102,953 889,513 R•strietsd funds Local Mental Health Grnnts S(eme 308.792 127.6621 281.130 TOTAL FUNDS 1.095.352 75.291 1,170,643 Net movement in fvrth. induded in Ihe abJ¥e arE a5 k>1. In¢orning ResOue8 •xp•nd•d Movement in funds Unre$trfct•d funds General fund Buikjing reluth"shmenl fvnd 1.138.244 11.016.459) 118.8321 121.785 118.832 1.138.244 11,035,291) 102,953 Restrkted fvnds Local Mental Heallh Grants Stheme rier Zero ActNe Monitori Nationknide cMunity Grant 242.657 192.C66 110,008 23,748 1270.3191 1192,C661 1110,0081 123.7481 127.fj621 568.479 15%.1411 127.662 TOTAL FUNDS 1.7C6,723 11.631.432) 75.291 P•3e 22 continued...
C•rdlff Mlnd Ltd Nots5 to the FIn¢11• Stslements - cortinyed lor the YearEnded 31 2023 16. Movement In lund5- continued Cornp•r•tive$ for rnovern•nt In fvnds Net At 31.3.22 At1A21 in fvnds Unrestrieied lunds Generl lund Building relvrbishffenl fwd $31,652 69.912 202,990 117,9941 734,642 51,918 1.564 184,996 786,560 R•8trlcted funds Local Mental Heallh Grajts Sttwe 253.707 55.085 308,792 TOTAL FUNDS 855.271 240.081 1,095,352 Cornparative nel movement in fuTrls. intAJed in Ihe are as foNtr•8'. comlng Re50wces expended ov•m•nt In lund8 Unreslrktsd funds General fvn Bu11n9 refU]Shnt funtj 1.134,468 1931.4781 117,994) 202,99) 117.9941 1.134.468 1949.4721 184,996 R•stri¢t•d funds Local Mental Health (>ants S(kne rierzero Active thnitrxiTrJ Nationwd8 C¢)mmunty Grant 246.340 49.588 117.819 23.846 1191.2551 149,5881 1117.8191 123.8481 5S,085 437.595 1382,5101 $5.085 TOTAL FUNDS 1.572.063 11.331.982> 240.081 Unrestricted inmme lun¢ts are general lunds that are a¥adable for use at the trustees. dwetsgn in fvrtherance of Ih? objective5 olth• d)arty. The building refvrbishmenl de¥bJnate£l fvnd has been ueated by the Trusteès to cor the Fotential cL)sts of remedol rJrks to the property CthlFrfed by Ihe thanty in the CL¥ning years. Local Ktsntal Heahh Grants Scheme - scheme is •Jminstered by Cardrff and the Vale University Health Board. Part of Ihis fvTrJing is for Core Services and Inlegrdled Day ServKes The other part of the funtn9 IS 10 pro¥i¢Je people wrth suppgrt in re-en9aging %%ith the cornmunity. This is ccrnpleted by providing". a safe space. sock219)ntact, infornation and adCe, vocath?nal 35seswenVpbnniry. vdunteering ¢)pportunits. a wide range of p-vocatIonal training and l¥)ks into a host of communrty resources. Cardrff and the va Universty Heamh Board - The ftJndir¥J 15 provided to secure for the resdents of Cardrfl the provision of specified heathea by o)ntribu¢ing toward5 Ihe core costs of the Inlegrated Day Serwces. In parbuJlar, the ser¥e should provbje.. an Outreath Ser¥Kt. a Iree o)unsdlirwJ 5eNce. support groups. training lo other organl¥at, information w other anL5 and sources of St and a list of ursel10r¥ and Iherapists. Tier Zero is è thrte year ct)ntract th the Urri¥ersty Health Board lo provJe CCI support for n¢ivbJuals within GP Pry4th1 in the SE Cluster Group of Carthff. . Active Monrtorirvj is a sdwne to prw¢Je support wilh GP rdtrrals tt> $UFwI those in rteed mental heahh supporl. Nal)n%%idè Cornmunity grant 15 a year 3¢herne to h peop inkn a home OT SUPPOrt peop to thrive wthin Ihe home enYronrrenL Page 23 continu•d..
Cardlff IAnd Ltd Note6 to th• Flnanclal St•tements . tonilnwd fly the Year Ended 31 I1• 2023 17. Ernpl0 benefft obl1110n¥ The charity operates a define¢J r))ntributKJn he. pension costs ¢harye for the year preSentS ojntributions payable by the Chanty to the scheme and amounted lo £53.873 12022. £45.1431. 18. Rel¥tsd party di10$$ Ther no related paty tran5acbon5 for th• yearended 31 March 2021 19. M•mber5' liabllity The charity is a private mPanY limrted by gzntee and consequenuy doe5 not have share capital. Each of the memtets is liable to c£ntribute an amount not exc*eding £1 tthvards the assets of the charrty In the event of Iwuthbon. P4e 24