COMPANY REGISTRATION NUMBER: 02916027 CHARITY REGISTRATION NUMBER: 1036964 Mind in Gwent Company Limited by Guarantee Financial Statements 31 March 2024 WALTER HUNTER & CO LIMITED Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF
Mind in Gwent Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report (incorporating the directorfs report) Independent auditorfs report to the members 25 Consolidated Statement of financial activities (including income and expenditure account) 30 Charity Statement of financial activities (including income and expenditure account} 31 Consolidated Statement of financial position 32 Charity Statement of financial position 33 Consolidated Statement of cash flows Notes to the financial statements 35
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2024 The trustees, who are also the directors for the purposes of cornpany law, present their report and the financial statements of the chartty for the year ended 31 March 2024. Reference and administrative details Registered charity name Mind in Gwent Charity reglstratlon number 1036964 Company registratlon number 02916027 Principal office and reglstered 100-101 Commercial Street office Newport Gwent NP20 1LU The trustees N Thorneycroft- Chair Mrs L Cooper Ms B T Davies MrA Sutton Mr P Felkin Mr C Gough (Retired 30 September 2023) (Retired 16 July 2023) (Appointed 30 September 2023. Retired 19 May 2024) (Retired 25 September 2023) (Retired 30 September 2023) (Appointed 30 September 2023, Retired 14 October 2024) (Retired 10 May 2023) P Harkness Mr J Jones H Leonard P Marsh-Jenks Ms T Beggs E Boswell J Chung (Appointed 5 June 2024) (Appointed 5 June 2024) Audltor Mr Jonathan Rhodes Bsc BFP FCA (Senior Statutory Auditor) Walter Hunter & Co Limited Chartered accountants & statutory auditor 24 Bridge Strt Newport South Wales NP20 4SF Bankers Royal Bank of Scotland 32-33 Commercial Street Newport Gwent NP20 1SS Solicitors Harding Evans Queens Chambers 2 North Street Newport NP20 1TE
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢onllnuedJ Year ended 31 March 2024 Structure, govemance and management Nature of the Governin Document and constitution of the cha . The company is limited by guarantee and its goveming dsxuments are its Memorandum and Articles of Association. The Methods Ado ted For The Recrurtment And A ointment Of New Trustees New trustees are nominated by the membership and elected at the Annual General Meeting. The policies and procedures adopted for the induction and training of Directors Trustees are provided with an induction pack and their responsibilities are outlined to them by the Chief Executive Officer. The first Trustees meeting of each New Year is used to explain the responsibilities and the procedures of their new role. There are occasional training courses providgj to Trustees on their legal status and responsibilities. Theor anisational Structure Of The Char And How Decisions Are Made The Trustees meetings, when quorate, is the decision making bcrfjy of the organisation and is responsible for the overall governance and policy direction of the organisation. The Trustees delegate operational and day to day management of the organisation to the Chief Executive Officer and staff. On 30 September 2023 the assets, liabilities and acttvities of Mind Monmouthshire Limited by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Streel Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire On are designated for use in the geographical area of Monmouthshire Mind. The resulis for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparative figures relate to Mind in Gwent (formerly Newport Mind) only. Membershi Of A Wider Network Mind in Gwent is affiliated to Mind (the National Association for Mental Health). the Gwent Mental Health Alliance, Gwent Ass(xiation of Voluntary Organisations and the Local Voluntary Sector Compact with Newport City Council. Mind in Gwent works in partnership with Caerphilly Borough Mind. Relationshi s Wrth Other Grou Charities And Individuals The charity works closety wtth other organisations in the fjeld of mental health including other Mind groups and other charities. We also have close partnerships with a variety of departments in the Statutory Sector including Housing Benefft Agencies, Social Services. Probation Serv, GP'S and hospitals. Thema or Risks To Which The Char ISEX osed And Reviews And S stems To Miti ate Risks The charity relies almost entirely on grant income, and so continuation of ftjnding and sustainability always has to be considered. In an attempt to mitigate this risk the charity is diversifying its income streams and investigating ways to generate income from the provision of services or through a social enterprise. The Directors receive regular reports on the financial situation of the charity and the operational plan includes measures to begin the process of securing income from sources other than statutory funders or grants.
Mind In Gwent Company Llmited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2024 Structure, govemance and management (eondnuedj The Name Of The Chief Executive Officer And Other Senior Staff Members To IAlhom Da Mana ement Of The Char Is Del ated B The Cha Directors ToDa David Bland Seran Davies Darren Pritchard Chief Executive Officer Director of Services Apwnted (appointed December 2023) Director of Finance and Organisational Support (appointed January 2024) Public Benefit The Trustees confinn that they have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewing the Charities aims and objectives and in planning future activities. Ob'ectives And Activities A summary of the objects of the charity as set out in its goveming document To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of mental distress requirin9 advice or treatment in Wales. To promote the study of and research into mental heatth disorder and emotional or mental distress and to obtain and make records of and disseminate to the public the useful results of such research and to educate the public in matters relating to mental health. The charity's aims including the changes or differences it seeks to make through its activities Our Vision We won't give up until everyone experiencing a mental heafth problem gets both support and resped. Our Purpose We are Mind in Gwent We connect minds We bring people together to make change in their communrties. We support minds We deliver lrfe-changing support. We change minds We speak out and demand better from policymakers and the public. We're here to fight for mental health. For support. For respect. For you.
Mind in Gwent Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) fcontsnued) Year ended 31 March 2024 Structure, govemance and management (¢onllnued) Our fundamentals Our work will always respond to the needs and preferences of people with mental health problems. We put people first. So our work isn't defined by mental health diagnoses. We are committed to anti-racism. The Mind federation supports people across England and Wales. We also work closely with partners in Scotland and Northem Ireland. We're focused on supporting people all people wtth mentsl heatth problems regardless of age, chiklren, young people. adults and older people Strategic Goals A: Staying Well Goal Support the people most likely to develop mental heaFth problems, to stay well. B.. Empowering choice Empower people who experience a mental health problem to make infomied choices about how they live and recover. C.. Improving services and support Ensure people get the right services and support at the right time to help them recover fromllive wf(h a mental health problem. D.. Enabling social participation Open the doors to people with lived experience participating fully in society. E.. Removing inequalty of opportunty Gain equality of treatment for people with mental health problems who experience multiple discrimination. F: Organisational excellence Our wsion is of a thriving Newport Mind which achieves exllenCe to give people with mental health problems local support and a voice. The above strategic goals set the framework for the development of more specific aims and objectives for the day to day operations of Mind in Gwent so that it can deliver: High quality services Focused on recovery Achieving posÉtive outcomes for people with mental health problems Serwces and opportunities to meet the needs of more people from a wider range of backgrounds, ages and communities Greater awareness of the services that Mind in Gwent offers and how to access them Mind in Gwent Mind in Gwent was fomed on the 1st of October 2023 frotn the joining together of Newport Mind Association, Mind Monmoulhshire and Torfaen and Blaenau Gwent Mind. Newport Mind remained in existence changing ts name to Mind in Gwent with new articles of association wf<h Mind Monmoulhshire and Torfaen and Blaenau Gwent transferring staff. assets. funding etc. into Mind in GwenL
Mind in Gwent Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (cofttlnued) Year ended 31 March 2024 Structure. govemance and management (eontinuedj Newport Mind. Mind in Gwent 1. Operating Context 1.1. Completion of building renovations at Newport Mind's Commercial Street location was delayed due to lift repairs following water damage. Staff and services began moving back to the building in late May to early June. 1.2. Building upgrades included: 1.2.1. Relocating the reception area to the ground floor and reworientating lift access through reception instead of the planned communty restaurant. 1.2.2. Upgrading the first floor with high-qualty. purpose-built counselling rooms, one40-one meeting spaces. a training room, an activty room, and a sanctuary space. 1.2.3. Preparing the ground floor for future redevelopment as a communty restaurant, 1.2.4. Updating lift and electrical systems to support both the new communty restaurant and a future additional floor. 1.3. A launch event was held in September. attended by the Lord Mayor, Members of the Senedd, local partners, staff, and service users. 1.4. Newport Mind staff effectively handled the transition from temporary facilities back to the renovated building. 1.5. Staff continued utilising Zoom. Microsoft Teams, and phone calls to maintain connections with clients both individually and in groups. producing accessible resources such as booklets, short films. and newsletters. 1.6. Newport Cty Council (NCC) sustained funding for Wellbeing and Infomiation, Advice, and Assistance {IM) services. Ongoing discussions aim to ensure these seNices align with the goals of the Housing Support Grant, especially in providing information. advice. and support to reduce housing- rdated issues for residents. 1.7. Newport Mind has transf(ioned its Counselling service to a paid model, wf(h some low<ost places available for individuals on means-tested benefts, replacirKJ the free service that had been offered during the pandemic. 1.8. Newport Mind secured increased funding for its Families First service through a Suc$$fUl tender process with NCC. 1.9. NCC also increased funding for services supported by the Housing Support Grant. 1.10. Newport Mind used remaining funds from Mind (the national ¢harity), along with financial support from NCC and schools, to continue the Whole School Approach project. 1.11. Ongoing funding from Comic Relief and the Paul Hamlyn Foundation supported two projects focused on Children and Young People.
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 Structure, govemance and management (conllnued) 1.12. The overall operating context remains challenging, with reduced funding opportunitÉes, increased competition for available funding. and fewer mentsl health seprftces available for the public, which has in turn increased demand for seNices provsded by Mind in Gwent. 1.13. Mind Cymru, in partnership with local Minds across Wales, secured additional funding to deliver an online version of Active Montloring. a free six-week guided self-help program designed to help indtviduals better understand and manage their emotions. 2. Organisation (Goal F) 2.1. Newport Mind's staff, along with a smaller number of volunteers. are organised into five main service areas. These areas re1ve strategic and operational support from the Chief Executive Officer, Oirector of Services and the Director of Finance and Organisational SupporL The Receptionist and Caretaker roles have been integrated into the Community Wellbeing Team. The five seNice areas are" 1. Infomation, Advice and ASSIStan (IAA} and Communty Wdlbeing Team 2. Counselling 3. Housing and Tenancy Support 4. Children, Young People and Families 5. Sustainability and Growth 2.2. The Information, Advice and Assistance {IAA) and Communty Wellbeing Team is led by the Operations Manager. In the Counselling service. the Lead Counsellor has increased their working hours to meet service need5. The Housing and Tenancy Support and Children, Young People and Families seNices each have designated managers or lead coordinators to oversee day-to-day operations and service delivery. (Refer to the organisational chart on page 8 for further details.)
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Mind in Gwent Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) {¢onlinuedJ Year ended 31 March 2024 Objectives and actlvities 3. IAA and Community Wellbeing Services (Goals A, B.C. D. E and F) 3.1. During the building renovations, our group activities were held at altemative Iwations to accommodate participants. 3.2. At the Salvation Amiy in the City Centre. we hosted: Women's Group Men's Group Art Group Craft Group Relaxation sessions 3.3. We organised two Walking Groups: Tredegar Park Walking Group Riverfront Walking Group 3.4. Our Allotment Group took pla at the Ladyhill allotsnents in East Nevfjiort. 3.5. At st MaS Church on Wharf Road, we conducted a Cooking and Lunch Club as part ofthe Piant a Seed Project. 3.6. After returning to our renovated building. we resumed all of the above activities in a more comfortable, pennanent space. The Cooking Club concluded with a Christmas lunch. and reports were sent to Natural Resources Wales, as it had been part of a broader initiative that included walking groups, ViSFts to green spaces. and the allotment program. 3.7. In collaboration with the Gwent Association of Voluntary Organisations, we participated in environmental activities at the Transporter Bridge. including gardening and litter-picking efforts. 3.8. For the Women's Peace Petition centenary. we contributed through history. art. and craft sessions celebrating this milestone. 3.9. Additionally, we launched Evening Groups". Chrysalis Transgender Group, managed by a volunteeT Afterwork Group. staffed by rotating team members 3.10. Over the financial year, we recorded 3,603 group atteTrJances. 3.11. Information, Advice, and Assistance {IAA) Services: Following the Covid lockdown, we reduced our waiting list by providing an IAq call to all clients. We aimed to prevent waitlist build up after reopening. By April 2023, while using temporary buildings and some hom&based work arrangements, we awaited completion of renovations at 100 Commercial Street. with reopening postponed to Augusvseptember 2023. wrth no dedicated IAA worker, appointments were handled by the Wellbeing Team and Operations Manager. Despite the team's temporary staffing, clients were offered an appointment within weeks. We provided 607 appointments. with 520 attended-mostly by sekf-referred individuab.
Mind in Gwent Company Limitsd by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2024 Objectives and activlties (Contlnued) Reception staff facilitated referrals for ServIS including counselling, group activities. supported self- help, or external support. such as CAB or Dewis CIL. Clients received regular newsletters and updated timetables. 4. Housing and Tenancy Support (Goals B, C. D, & F) 4.1. Our Housing and Tenancy Support servi assists both mental health clients and EU citizens under the Housing Support Grant (HSG) contract. servi delivery is aligned with contract requirements, and feedback from stakeholders and Supporting People has consistently been positive. We maintain a referral response time of one month for non-urgent cases. with a triage system for urgent needs. 4.2. While the pandemic shifted us to remote support methods like phone. IWhatsApp, and FaboOk. we continue using various modes to meet client preferens. Our Fabook platform is particularly effective for EEA migrant clients, offering multi-language support. We have resumed fat0-fa support, implementing health precautions to safeguard vulnerable clients. 4.3. Supporting People funded two projects targeting high-risk groups, induding frequent A&E visttors and vulnerable families. Following funding cuts in April 2022. we retained one key worker by reallocating her role within the Housing and Tenancy Support team, enabling flexible referrals and case management. 4.4. Our support workers have adopted hybrid working arrangements, splitting responsibilities beeen home and community settings. which has enhand Sep41 adaptability and client satisfaction. Investment in remote work tools has been essential for maintaining this flexibility. 4.5. With rising living costs, food par[S and Discretionary Assistance Fund allocations remain crucial. and we ensure clients access all eligible benefits and grants. While DWP services have resumed in- person support, GP access remains a challenge, though gradually improving. 4.6. The Housing and Supporting People serrf15 Manager oversees tenancy support, ensuring compliance with HSG funding requirements and maintaining low vacancy rates in supported accommodations. Proactive measures are in Pla to minimise rental debt. 4.7. In addition to managing tenant support. the Housing and Tenancy Support Manager supervises cleaning and catering staff for supported properties and addresses practical issues, from tenancy management to maintenan. The addition of a Deputy Manager has been instrumental in managing workload and maintaining operational continuity. 4.8. Our four supported properties, managed in collaboration with Pobl, face challenges such as single-glazed windows and damp conditions in some houses. We are working with Pobl on extensive maintenance plans, induding temporary tenant relocations for necessary repairs. 4.9. Pobl's strategic plan involves transitioning from older properties to self-contained accommodations, but no suitable properties are currentty available. 4.10. Through a partnership with Melin Housing Association and Newport City Council, we anticipate managing a newly renovated six-bed supported accommodation project. Set for completion in May 2025, this project will expand our supported accommodation capacity, with set-up costs covered by HSG funding.
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (conlinued) Year ended 31 March 2024 Objectives and actNities (Continued) 4.11. The project encountered planning delays and communty concerns regarding traffic and potential anti-social behaviour. We addressed these concems through community engagement, providing information to alleviate residents. worrtes. The project is nearing completion and aims to address significant local needs for mental health-related temporary accommodations. 4.12. In February 2019, Newport Mind launched its own supported housing initiative by purchasing a two-flat property, offering long-term housing for four indwiduals. This acquisition has contributed to both our financial sustainability and local housing needs for vulnerable populations. 4.13. This investrnent has increased property value. created additional revenue, and offered long-temi housing options for individuals who might otherwise face temporary accommodations. 4.14. The European Econom Migrant Support Service. integrated into Newport Mind in 2019, provides tenancy and housing support for EU citlzens and is part of the Housing Support Grant. This team creatively collaborates with schools to support migrant children and their families. 4.15. Our EEA Migrant Support team comprises three staff members (two support workers and one coordinator), including a newly recTUtted part-time worker fluent in Romanian. Hungarian. and Italian, funded by additional NCC hours to meet demand. 4.16. The team's Eanguage skills are a vital asset, especially for hard-to-reach communf(ies with significant barriers to accessing support. Since recruiting a Romanian-speaking staff member, referrals within the Romanian community have increased substantially. However, a matemty leave absence has limited service capacty. as efft)rts to find a temporary replacement have been unsuccessful. 5. Children, Young People & Famity Service 5.1. Family Wellbeing & Resilience Service (FVIIRS) Family Wellbeing & Resilience Service YS successfvl in being awarded the tender for the conlinuation and extension of the setvice from April 1st 2023 for two years with the possibility of further extensions to the contract at the end of the two years. The Famity Wellbeing & Resilience Service continue to be part of the SPACE Wellbeing panel, which includes outside agencies and statuary SeNIS. We act as a standalone service within the SPACE Wellbeing Partnership. The whole of the CYPF team seniices are offer through the SPACE Wellbeing panel. The team has had an influx of previous clients contacting for advice I crisis support. We feel this demonstrates that families felt they can trust our services and are well equipped to enlist support i guidance when needed. This is a fundamental principal of Resilience Theory, which we practi in our delivery. Those who have accessed our services in crisis have been given 1-tOw1 support and signposted to crisis services, with us providing handover sessions. We anticipate that the longer4erm impacts of the pandemic will continue into next year and years to come. 10-
Mind in Gwent Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Directorfs Report) (contlnued) Year ended 31 March 2024 Objectives and actfvities (Continued) Numberof attendances Numberof sessions Numberof different people People- hours Total length of work records 483.30 Total 936 412 128 1170.20 5.2 Wellbeing Ambassadors The Wellbeing Ambassador project trained 24 new Wellbeing Ambassadors during this reporting period. In total. 5 support groups to young people were delivered, lasting 6 weeks each. reaching 35 young people. The project also delivered 2 PEERS training sessions to a total of 10 professionals. with positive feedback received. The Wellbeing Ambassador lead podcast 'ln One Ear Out The Otheff recorded and released 12 episodes during this time frame, with recordings mainly taking place at the University of Wales, Newport building. The project underwent a change in staff member. with the CYPF Servtce Manager filling in for service delivery. This was managed with the engagement of the volunteers in mind, ensuring that there were consistent meetings with staff and regular contact with known staff member5. to encourage familiarity with multiple members of staff on the CYPF team. The Wellbeing Ambassadors continued to engage in govemance opportunities in partnership with the CYPF Service Manager in the fomi of the Youth vol Group. although delivery of this was intemiittent in response to staff capacity. 5.3 Children in Need The Children in Need project started in January .23. with the aim of recruiting 14-18 year okl volunteers to provide a space for 5 - 12 year olds to be able to talk about their own wellbeing, improving their emotional literacy and resilience. and providing positive role models to this age group. The project continued throughout this financial year and delivered the figures below for attendances, sessions, individuals worked wth etc. The project did have gaps due to staff leaving and new staff stsrting. Numberof attendances Numberof sessions Number of different people People- hours Total length of work records Total 267 59 46 549.55 95.40 11
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 Objectives and actlvlties (Continued) 5.4 Mind Our Future Gwent The Mind Our Future Gwent project is a partner project with Promo Cymru, funded by the National Lottery, led by Promo Cymru and Mind in Gwent. Other partners invotved are the Local Mind Associations in Caerphilly, Monmouthshire, Torfaen and Blaenau Gwent, as well as Youih Services in Torfaen. Bl*nau Gwent. Newport, MonmoLrthshire and Caerphilly During this reporting time, the recruitment of two workers to be part of this project from Mind in Gwent was successfully undertaken and wotk began on the project objectives, which began with establishing the partnership and working relationship with Promo Cymru. This was supported by the CYPF Service Manager and involved attending partnership meetings and OLrtlining the project timeline. Further inlo the provision of the project. the two workers at Mind in Gwent recruited 10 young people. aged 16 - 24. to work as Peer Researchers. providing a youth-led approach to research and development during the discovery phase of the projecL This was achieved through establishing relationships with the yOLrth services across Gwent and developing and delivering workshops to organisations that work wtth young people. to promote the project and opportunities to become involved. 5.5 Piece by Piece The Piece-by-Piece project has been running since August 2020. with a 3 and half year funding grant. however due to various factors the project was able to continue until the end of March 2024. A significant effort was put into trying to secure funding to sustain the good work of the project sadly this met with limited success and funding was secured from the Police and Crime Commissioner for one member of staff to continue. The project ran with reduced staffing levels towards the end of the project as staff moved to other projects or left to pursue opportunities outside of Newport Mind. Despite the reduction in staff the project still managed to support 158 young people. see belcyN for further details. NumbeTof People- different hours people Number of attendances Numberof session5 Total length of work records 857.07 Total 1879 819 158 2158.14 5.6 Whole School ApproachlBOOST Newport City Council reduced the funding that it provided to the project due to the availability of funding from the Welsh Govemment, notably from Covid recovery funding, NCC continued to provide funding fof the Emotionally Based Schools Avoidance (EBSA). Funding continued to be provided for mental health practttioners by some secondary schools, the pupil referral unit and Coleg Gwent but overall there was a reduction in the number of days of staff time that could be provided to support children and young people via the project. 12-
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (condnued) Year ended 31 March 2024 Objectives and activltles (contsnued) Number of attendances Numberof sessions Numberof dÈfferent people People- hours Total length of work records 1052.40 Total 2333 1114 310 2210.20 Emotionally Based Schools Avoidance (EBSA) Emotionally-based school avoidance project supports children and young people who struggle to attend school due to emotional difficulties. such as. for example. social anxiety and impact of trauma. It also provides support for families and educates professionals on the latest findings in the field of EBSA research and efficient support strategies. EBSA project provided 1-2-1 support to young people aged 10 to 18 years. EBSA project lead developed and delivered virtual training sessions to provide professionals from educational organisations and support seNices with information on EBSA. how to recognise the signs and triggers, and how to support young people and families. EBSA project lead also set up a peer-support group for parents and carers and in January 2023 first EBSA adult volunteers were recruited and trained, 8 volunteers were trained in total. They have since become an integral part of seNice delivery to parents and care givers. planning and organising regular in-person meet-ups and being invofved in development of new ideas for the project. 5.7 Wellbeing Advisers The wellbeing adviser project yS in co-production with National Mind at the beginning of the year. This was a new pilot project that was being produced with young people and professionals al Mind. The main aim of this new project was to get young people's voices heard and help develop a support pathway that would work for them and their individual needs. Once cfrproduction was done it was lime to recruit 3 new members of staff. A wellbeing adviser coordinator and 2 wellbeing advisers this was done in December 2022. The new members of staff joined Mind in Gwent in January 2023 and began to map out all of the intemal and extemal organisations that the advisers could refer young people to in developing their support pathway. The advisers then began deltvery of the pr(iect in the beginning of March 2023 and the project continued until the end of Febwary 2024. The project saw 238 young people from the 1st of April 2022 until the end of the project and more detail is in the table below. Numberof attendances Number of sessions Number of different people People- hours Total length of work records Total 3308 1653 238 9493.00 4742.20 13-
Mind in Gwent Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 Objectives and activities (continued) 5.8 Children, Young People & Families {CYPF) servi Manager This role is responsible for line management of the Coordinators on the CYPF projects at Mind in Gwent and contribLrtes to the ongoing sustainabilty of Children & Young People's services across Gwent as part of the Minds in Gwent merger, supporting the overall Mind strategy. The role has over the financial year Provided supervision and support to the managerslcoordinators of the Children, Young People and Families (CYPF) Serwces at Mind in Gwent. Managed risk to the org2nisation by overseeing all CYPF serrfice5 and ensuring that all policiesl procedures and training are up to date and reviewed as needed. Acted as a Central point of contact for all referral queries from service users and professionals, and coordinate referrals both through Changing Minds arKI the SPACE Wellbeing Panel. Acted as a ntral point for managing safeguarding practice within Mind in Gwent, supporting managersl coordinators of the CYPF team to ensure best practice standards beyond basic induction training. Lead on strategy for the CYPF team at Mind in Gwent. linking with the National Mind Strategy golden thread for CYP work. Provided support in the merger of the Minds in Gwent, sharing knowledge and experience of implementing services and developing relevant policies and procedures and to roll out the Wellbeing Ambassador project. Identified and sourced funding and opportunities for Children & Youth People's services for Mind in Gwent and across Gwent, in collaboration with local Mind's in Torfaen, Monmouthshire and Blaenau Gwent as part of the merger. 5.9 CYPF Strategy During the reporting period, we have worked towards the thr Golden threads listed in the National Mind strategy in the following ways: 5.10 Fighting for the Mental Health of People in Povety We have continued to engage in the Single Point of Access to Childrens Emotional (SPACE) Wellbeing Panel, a cross Newport multi-organisation21 partnership belMeen Aneurin Bevan University Health Board and Newport's Families First scheme partners. which assesses needs and refers children, young people and families to the right organisation to suit their needs al the right time. This panel benefits from focusing on supporting families who live within poverty and is attended by organisations who specialise in support children. young people and families in povety. and provides infomiation on how partnership organisations can do the same. The implementation of the Wellbeing Advisers project has Contributed to this thread of the strategy, through its focus on engaging with young people experiencing poverty and supporting our continued involvement with the SPACE panel. We successftjlly applied for the Families First and Whole School Approach projects. to continue to reach the most deprived young people in Newport and through this, we have ensured that organisations across Newport are aware of our sev4i¢es, and understand the referral process for their young people. 14-
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) {¢ontlnu8dJ Year ended 31 March 2024 Objectives and actlvltles (continued) 5.11 Becoming a Proud Anti-Racist Organisation". We have worked to diversify the Wellbeing Ambassadors. ensuring it is accessible to all, and encouraged Wellbeing Ambassador drNen social action to address mental health stigma through the funding from the Children in Need projecL We have implemented learning from the Systems Change project to ensure that we are working to be as inclusive and acSsible as possible. Through the Ple by Piece project, we hwrfe buitt links with organisatlons which support ethnical diverse communities specificalty across Newport, such as KidCare4U. We have adjusted our recruitment strategie5 and materials to make roles more accessible and targeted to communities that are underrepresented in our workforce. by reducing the length of the applications by limiting the number of specification5 listed in adverts. 5.12 Supporting Young People. wrth a Focus on Trauma-. We have delwered the Piece by Piece project and have been focusing on capturing the impact and reach of this project, to infomi funding applications for sustainable funding for this work. We have also engaged with working groups facilitated by the Health Board and consultation events with National Mind, to develop ideas and service delivery for young people experiencing trauma. We have continually kept a record of refeal$ and make a note of trauma related referrals and continue to be aware of the impact of Covid-19 as a trauma for young people. Training opportunities for staff have been shared to upskill members of the CYPF team in trauma informed approaches and skills and experien. in the fomi of best practi. have been shared at CYPF training days. 6 Counselling 6.1 Counselling In Mind 6.1.1 The Counselling in Mind" service has been operating for years as a fulty self-funded initiative. Although it will take time to establish sustainable revenue streams and reach a breakeven point, the service has expanded to include counselling for children and young people. As part of its development, all sessions have fully transitioned to in-person formats 6.1.2 In response to rising living costs. fees increased as of April 1. 2023. Fulkpaying clients now pay £45 {up from £40). while clients paying discounted rates saw an increase from £10 to £15. Staffing Consists of one full-time lead counsellor, one part-time permanent counsellor, and two bank counsellors. To support affordable session rate5 and offset costs, volunteer trainee placement counsellors continue to be utilised, with discounted-rate clients seeing placement counsellors and ful fee clients seeing qualified counsellors. Children and young people sessions also rose to £45 per session and are conducted by a part4ime qualified counsellor. 6.2 Placements 6.2.1 Volunteer counsellors make up the maiorty of the team, requiring substantial resourcing and management. Approximately seven volunteers are on placement at any given time. with ongoing turnover as trainees complete their placements and new trainees are brought on board. Typically, one new applicant is interviewed monthty. In addition to line management. volunteer support includes risk management oversight. 15-
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) {¢ofttlnued) Year ended 31 March 2024 Objectlves and activitles {¢onllnued) 6.3 Local Employer 6.3.1 The service continued tis contract with a large local employer, offering time-limtted (8-week) in- house counselling to staff. The fee for these sessions also increased from £40 to £45 as of April 1, 2023. with an average of 37 sessions provided monthly. Due to the employefs needs, counselling for their staff remains available via telephone or Zoom. 6.3.2 The monthly breakdown of paid sessions is demonstrated in the attached tsble: Month April May June July August September October November December January February March Number of paid client sessions 182 181 184 194 175 155 181 184 187 197 181 As most sessions took place in the building. 990h of payments were made as clEnts arrived in the reception. We still have the issue of reclaiming non- attendance sessions. 6.4 Marketing 6.4.1 Growth in the counselling seNice has primarily been achieved through referrals from existing nethvorks and general brand awareness, with minimal marketing. Infomiation about the counselling service on the website has been refined and clarified. The plan for next year is to invest in proactive marketing efforts to further bTr)st revenue. 6.5 Children and Young People (CYP} 6.5.1 The counselling service has established a small offering for children and young people (CYP) over the past year. with plans to expand it further. Leveraging knowledge and experience from the CYPF department, this initiative aims to address a notable gap in local statutory services for young people. Managed by the Lead Counsellor, the self-funded service offers counselling to local residents and employers at two different rates. Operating five days a week, clients receive between 12 and 52 weekly sessions. Wrthin the Greater Mind Health Consortium (GMHC). Mind in Gwent received the highest number of counselling referrals and provided the most sessions. The sen11 typically includes 6 to 10 placement counsellors, each seeing a minimum of three clients per week. 16-
Mind in Gwent Company Limlted by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) fcontsnued) Year ended 31 March 2024 Objectives and activitles (continued) 7 Central Team 7.1. The Operations Manager continues to oversee , Facilities Management, HR softw8re administration, and Caretaking services. enabling the Finance team to concentrate on financial management and reporting for the organisation. 7.2. Regular risk assessments have been conducted and reviewaj throughout the year, focusing on safe working practices, managing building occupancy, and ensuring compliance with relevant Health and Safety guidelines. 7.3. The organisation's phone system now fully supports remote and home working, enhancing flexibility for staff. 7.4. The Finance team has made ongoing improvements to systems and processes to support sound financial management. In addition. they have provided expertise to help. along with other teams, in identtfying and implementing cost-saving M&UreS where feasible. 7.5. Payroll processes are under continuous review. with updates to the New Starter procedures to align with the latest Right to Work legislation. To mitigate risks. payroll proce55ing was outsourced to a third party in June 2022. The Finance Managers remains responsible for verfying all payroll changes, while the outsourced company processes payroll on Sage Payroll. 7.6. Central Team staff costs are partly funded through existing grants and contracts. Any shortfalls are covered by unrestricted income. such as revenue from housing. 8 Sustainability and Growth 8.1 At the beginning of the financial year the team were still without a Sustainability and Growth Manager as recruitment had been paused whilst merger discussions progressed. There are plans to recruit into this role in 202412025. 8.2 The team currently consists of a full-time Training Coordinator. a part-time Community Fundraising Coordinator, a part-time Trusts and Grants Fundraising Coordinator and a Social Media, Communications and Digital Worker and were line managed by the CEO on interim basis. 9 Finances and Budgets 9.1 Finances Mind in Gwent currently has a total reserves of £3,006.898 At the end of 2023 - 2024. During the year a considerable investment into the premises at 100-101 Commercial Street was approved by the Board. 9.2 Reserves The reserves policy has been updated to allow for Snlcant investment in the building and is based on 3 months running costs as opposed to six months. The Trustees have indicated thal over time the organisation should return to having reserves to reflect six months running costs. 17-
Mind in Gwent Company Limlted by Guarantee Trustees, Annual Report (Incorporatlng the Directovs Report) (¢ontinued) Year ended 31 March 2024 Objectives and activlties (continued) 9.3 Reportlng Mind in Gwent Trustees continue to reCve a regular finance report at their meetings. The finance report provides up to date information on income and expenditure on all projects against their budgets allowing TrUstS to exercise their financial responsibilities. The report was developed within the financial year to include ft)recasting. In addition, a cash flow forecast is now produced monthly for Board oversight as well as to assist senior managers on decision making 9.4 Budgets A budget have been set for all services currently provided in line with the funding provided and contractual obligations. 9.5 Income Generation The proposed development of the premises provides the opportunity to develop a number of revenue streams, from the social enterprise, paid for sep4ices, room rental and, if it proves feasible, from the accommodation on additional floor. The timescales on the funding for developing the building and the actual development of the building means that income is likely to onty be generated from 2023. 10 Review of Charitable Activities Undertaken By the Charity. 10.1 The table below shows the total work completed by Newport Mind in the last year compared to the last ten years. 10.2 The figures are only indicative as there are so many changes year to year that it make5 Comparison difficult and that is particularly true over the last year due to only returning to the Commercial Slreet offices in MaylJune because of the building work which has affected different services in different ways. 10.3 The number of people seen has decreased by 120A over last year and is due to the reduction in services that have been provided. However. this does not paint an accurate picture as all the remaining services have seen an increase in demand for their services. however with less services and staff we are able to see less people. Measure Numberof different people 952 Numberof sessions 6752 People- hours Number of attendances 12937 2014-15 23121.37 32338.49 2015-16 1621 9688 18560 2016-17 | 2017-18 2018-19 2019-20 2020-21 1637 9621 42214.6 14994 1844 10613 25978.04 15337 2606 3343 2211 14835 30129.25 43198.15 36415.02 46341.57 22352 31569 42196 14134 20756 2021-22 2760 24086 21823 21007 48044 2022-23 2570 47203.43 46264 45858 2023-24 % Difference 22/23 and 23124 2296 -12% 51351.53 -4% 18-
Mind in Gwent Company Limited by Guarantee Trustees, Annual Report (Incorporating the Directorfs Report) (contsnued) Year ended 31 March 2024 Objectives and actlvltles (¢ondnued) Statistics 2014 -2024 1 20000 10000 Numbei ofdifferent pwpie Number OfSl0 People-hours NumberofatterKlances •2014-15 • 201&16 •201&17• 2017-1811201&19 20720 • 2020-21 •2021-22 • 222-23 • 202&24 19-
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (contlnued) Year ended 31 March 2024 Achievements and erformance Monmouthshire Outcomes During Financial Year April 2023 - March 2024 Support T•mn 4 supported independert home Houn9 tsp to 28 peDpIe. 'SuPpt•d S•lf.H•ip Progr•mrTh• for Youry (S•pt 2023 to Mareh 2024) 16.963 hours of 1.1 support provided. people supported to rnairttain their t•noncy artd ItePereftt lThing. 362 session of L.15UPPOrted self-heip. 180 550/0 of ali..-,~ 14 diert5 under We have hetped 32 people secure accomrnodation that Tb¥Ère PreoUslY InelesS. £531k+Benefft income and grants t)btaineEL h•v• swn th• do¢t•rs for m•dl¢atlon, ¢ounMLior4 for m•nt•L h•alth. but only th• RWP c•me to my house and h•lp•d wlth th• 158u•• th•t w•ro c•using the problems. £36k+ Debt Write Off/Reducttor 374 hows oFinformation and advtre detivered at Raglan Livesto& M¥keL 115 ctients $upporeecL Over 96dtert £92k+ Backdated bÈnefrt from MR and tribunals. 559- 9 student cernent •l h•v• b••n guld•d at my own pace. (Inform•tlon & Advlc•. So¢l( Pr••crlblng) 238 peopte have rffreived support 1201 sèssions of selF4)eip delivere(L The rnost popular topscs were anxiety and depressicpTr. resPIn9 to IOOO+corKem& h1¥ Is th• flrrt tlm• I h•v• ov•r had •uppart Ilk• this and I wouldn h•sltt• to eontaet you agaln In the future If I needed to. Walk and Talk Group walk arNJ talk $0$51(Yn5 across Abergavenny. Chepstow •id Monmouth. in Gwert 0 01873 858275 info@mindmonmouthshire.org.uk 00@ mirtdmanmouthshlre @mindTnmon -20-
Mind in Gwent Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (eonllnu8dJ Year ended 31 March 2024 Achievements and performance {confr"nueo) Torfaen and Blaenau Gwent Mind Wellbeing Services Selection of Activities Visit5 1:15upported Setf Help I:I's Food parcels Warm hub Outreach Gardening Music Group Signposting Art&Craft Torfaen 1674 161 393 175 325 77 NA NA 947 365 Blaenau Gwent iioo 86 306 17 208 NA 214 221 724 321 Over 2023-2024 both centres have been busy with a high number of visits, 1'.1's and people requesting a varied amount of communty supportlservices. The SSH seiCe have higher numbers in Torfaen although in BG this was a part-time positton. In Torfaen there has been a high demand for food parcels from people either financially struggling to people that are homeless. For the homeless we also have been providing shower and washing facilities as there have been no other support servtces providing this in Torfaen. The Warmhub grants have been providing a safe warm place for people to attend one day a week with a free hot beverage and 3 biscuit. The outreach based at the Salvation Amiy has been provKJing mental health support to people attending and the volunteers. 11 Fundraising Activities 11.1 The Charity relies on grant aid from the donors identified in the accounts, whose support is valued. Newport Mind. Mind in Gwent has invested in a Community Fundraising Coordinator and Trusts and Grants Coordinator to increase income generati and fundraising particularly in relation to the proposed developments of the premises. 11.2 Investment perfonnance achieved against investment obJ'ectNes set 11.3 Investment income disclosed in the accounts is interest received on the charty's bank accounts. The charity has no other investments. 12 Factors Relevant To The Achievement Of The Charity's Objectives 12.1 Most of the organisation's income is currently reiVed in the form of grants or contracts which are the subject of service level agreements or other restri¢tions governing the related expenditure. It has therefore been necessary to ensure that each project has a clear trail which includes an element of core costs and general management. 21
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 13 Financlal Review 13.1 Policies on reseNes 13.2 Over the years the charity has sought to achieve reserves ot.- 13.2.1 Six months continuation of Servi calculated using current year income, however in light of the work on the building the Board of Trustees decided to temporarily move to three months of continuation of seiCe which is £831,968.97. 13.2.2 Redundancy payments for staff should the charity cease to continue to provide an individual service or ceases to provide any services £318,013.45, calculation does not include payments in lieu of notice as the financial sf(uation means that the organisation will provide noti instead of pay. 13.2.3 'Pump Priming, of new projects to allow emergency funds, pending new funding being arranged £10,000. 13.2.4 The Gwent Regional Partnership Board has agreed funding for seven new one bedroomed flats to be approved for Welsh Government Housing with Care funding based on a costing of an estimated cost of £1.6 million. The amount of funding that will be provided is subject to application of the Welsh Government's Standard Viability Model and it is likely Mind in Gwent will need to provide at least 300A of the total so is designating the remainder of unrestricted funding for this purpose. The total figure required would be £1.639.982 13.2.5 The Trustees have indicated that over time the organisation should return to having reserves to reflect six months running costs. 13.3 Restricted Reserves 13.4 The principal funding sources of the charity are by way of grant and contract income from a number of agencies and are summarised as follows.. 13.4.1 Newport Cty Council Housing Support Grant 13.4.2 Newport Cty Council Social Services SLA 13.4.3 Newport crty Council Families First Project 13.5 A detailed analysis is shown in note 6 to the accounts. £546,719 £120.520 £177.206 14 The charty also received rental income in respect of its housing projects of £690,321 (2023: £352,187). 15 All sources of funding were expended to meet the charty's obJ"ectives to support and infomi people with mental health problems. 16 Availability and adequacy of assets of each of the funds 16.1 The board of Twstees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund. -22-
Mind in Gwent Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (continued) Year ended 31 March 2024 17 Transactions and Financial position 17.1 The group and charity financial statements are set out on pages 30 to 34. The financial statements have been prepared implementing the 2005 Revision of the Statement of Recommended Practice for Accounting and Reporting by Chartties issued by the Charty Commission for England and Wales (effective April 2005) and in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008). As stated in the introduction to this report. the Trustees consider the financial performance by the charity during the year to have been satisfactory. 17.2 The Consolidated Statement of Financial Activities shcw net incoming resources for the year of a revenue nature of £3,405,882 charity £2,832.119 (2023.. charty £2,083,245). 17.3 The totsl reserves at the year*nd stand at group £3.204.253 charty £3,009,405 (2023.. charity £1,771,169). 18 Specific changes in fixed assets 18.1 Changes in fixed assets are shown in detail in the note 19 to the accounts. Trustees. responsibilities statement The trustees. who are also directors for the purposes of company law. are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial Statements. the trustees are required to= select suitable accounting policies and then apply them consistently- observe the methods and principles in the applicable Charities SORP: make judgments and accounting estimates that are reasonable and prudent., state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements" prepare the financial statements on the going concem basis unless it is inapproprtate to presume that the charity will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the f5nancial position ol the charity and enable them to ensure that the financial statements comply wtth the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. -23-
Mind in Gwent Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directofs Report) {conbnued) Year ended 31 March 2024 Auditor Each of the persons who is a trustee at the date of approval of this report confims that: so far as they are aware, there is no relevant audit information of which the chanty's auditor is unaware,. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the charity's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006. The trustees, annual report and the strategic report were approved on 18 December 2024 and signed on behakF of the board of trustees by: J.-- N Thorneycroft- Chair Trustee Mr A Sutton Trustee
Mind in Gwent Company Limited by Guarantee Independent Auditorfs Report to the Members of Mind in Gwent Year ended 31 March 2024 Oplnlon We have audited the financial statements of Mind in Gwent {the 'charity') for the year ended 31 March 2024 which comprise the statement of financial activities (including income and expenditure account). statement of financial position. statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Stsndard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements= give a true and fair view of the state of the charit$ affairs a5 at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended.. have been properly prepared in accordance wtth Unrted Kingdom Generally Accepted Accounting Practice., have been prepared in accordance with the requirements of the Companies Ad 2006. Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the auditovs responsibilities for the audit of the financial statements section of our report. We are independent of Ihe charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In audrting the financial statements. we have concluded that the trustees. use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfonned, we have not identffied any material unCertaintS relating to events or conditions that. individually or collectively, may cast signÈficant doubt on the charity's ability to continue as a going cOnM for a period of at least iwelve months from when the financial ststements are authori5ed for issue. Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant sections of this report. -25-
Mind in Gwent Company Llmited by Guarantee Independent Auditorfs Report to the Members of Mind in Gwent{conflnuéd) Year ended 31 March 2024 Other infomiation The other infomiation comprises the infomiation included in the annual report, other than the financial statements and our auditor's report Ihereon. The trustees are responsible for the other infomiation. Our opinion on the financial statements does not cover the other infomiation and, except to the extent otherwise explicitly stated in our report. we do not express any fomi of assurance conclusion thereon. In connection with our audit of the financial statements. our responsibility is to read the other information and, in doing so, consider whether the other infomation is materially inconsistent with the financial statements or our knowledge obtained in the audtt or otheiSe appear5 to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to detemiine whether there 15 a material misstatement in the financial statements Of a material misstatement of the other information. If. based on the work we have performed. we conclude that there is a matertal misstatement of this other infomiation. we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audiL' the infomation grven in the trustees, report for the financial year for which the financial statement5 are prepared is consistent with the financial statements,. and the trustees. report has been prepared in accordance with applicable legal requirement5. Matters on which we are required to report by exception In the light of the knowledge and understanding of the charty and its environment obtained in the course of the audit. we have not identified material misstatements in the trustees. report. We have nothing to report in respect of the following matters in relation to which the Companies Acl 2006 requires us to report to you if. in our opinion. adequate accounting records have not been kept. or retums adequate for our audit have not been received from branches not visited by us., or Ihe financial statements are not in agreetnent with the accounting re¢ofds and returns.. or certain disclosures of trustees. remuneration SprrIed by law are not made; or we have not received all the inf0mtIOn and explanations we require for our audit. -26-
Mind in Gwent Company Limited by Guarantee Independent Auditorfs Report to the Members of Mind in Gwent(continued) Year ended 31 March 2024 Responslbilities of trustees As explained more fully in the trustees, responsibilities statement, the trustees (who are also the directors for the puOSe$ of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true ar fair view. and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, discbsing, as applicable. matters related to going concern and using the going concern basi5 of accounting unless the trustees either intend to liquidate the chanty or to cease operations, or have no realistic amemative but to do so. Auditorfs responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and lo issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will abNays detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance llth laws and regulations. We design procedures in line with our responsibiltties. outlined above. to detect material misstatements in respect of irregularities. including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below= By enquiring with senior management and those charged with governance all area of risk identified were considered and any potential litigation or claim. if any. were noted Ensuring by enquiry that there were no issues of non-compliance with laws and regulations relatir to tax and compliance By obtaining an understanding of the company's policies and procedures on compliance with laws and regulations, and wf(h best accounting practice Noting issues discussed with Directors and the Senior Management Team as this rdates to risks faced by the company Rewewing infomiation receNed from the company's SO1ltOrs. rf any and discussing their contents with the Directors Reviewing disclosures in the financial statements and testing to supporting documentation to assess compliance with applicable laws and regulations Auditing the risk of management overrides of controls including testing journal entries and other adjustments for approprialeness and evaluating the business rationale of significant transactions outside the normal course of business Through these procedures, we did not become aware of actual or suspected non-compliance. -27-
Mind in Gwent Company Limited by Guarantee Independent Auditor's Report to the Members of Mind in Gwent(continued) Year ended 31 March 2024 As part of an audit in accordance with ISAS (UK). we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misststement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error. as fraud may involve collusion, forgery, intentional omissions, rnisrepresentations. or the override of internal control. Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. Conclude on the appropriateness of the trustees, use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the chanty's ability to continue as a going concern. If we conclude that a material uncertainty exists. we are required to draw attention in our audf(orfs report to the related disdosures in the financial statements or, rf such disclosures are inadequate. to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, fijture events or conditions may cause the charity to cease to continue as a going concern. Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. -28-
Mind in Gwent Company Limited by Guarantee Independent Auditorfs Report to the Members of Mind in Gwent (¢onllnu8dJ Year ended 31 March 2024 We communicate with those charged with govemance regarding, among other matters, the planned scope and timing of the audit and significant audit findings. including any significant deficiencies in internal Control that we identify during our audiL Use of our report This report is made solely to the charty's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charity's members those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charity and the charitys members as a body, for our audit work, for this report, or for the opinions we have formed. Mr Jonathan Rhodes Bsc BFP FCA (Senior Statutory Auditor) For and on behalf of Walter Hunter & Co Limited Chartered accountants & statutory auditor 24 Bridge Street Newport South Wales NP20 4SF 18 December 2024 -29-
Mind in Gwent Company Limited by Guarantee Consolidated Ststement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading actwities Investment income other income 60,099 906,508 711,216 5,818 60,099 2,628,749 711,216 5,818 35,905 1.930,780 99.212 554 16,794 2,083.245 1.722,241 Total income 1.683,641 1,722,241 3,405.882 Expenditure Expenditure on raising funds= Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities Total expenditure 10 11 700,552 12.13 1.134,610 1.835,162 30,572 87,887 1,793,942 1,912,401 700,552 2.859,118 1.724,508 1.724,508 3.559,670 Tax on Profit in subsidiary 2.266 2,266 Net income (153,787) (2.267) {156,054) 170,844 Transfers between fijnds Transfers from merged charities Net movement in funds 130,176 1.589,138 (130.176) 1.589.138 1.565.527 (132.443) 1.433.084 170,844 Reconciliation of funds Totsl funds brought fOard Total funds carried forward 1.225.115 546,054 1.771.169 3,204.253 1,600,325 2,790.642 413,611 1,771,169 The statement of financial actrvities includes all gains and losses recognised in the year. All income and expenditure derNe from continuing activities. On 30 September 2023 the assets, liabilTties and actrvities of Mind MonmoLrthshire Limited by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire onty are designated for use in the geographical area of Monmouthshire Mind. The resutts for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparative fKJures relate to Mind in Gwent (formerly Newport Mind} only. The notes on pages 35 to 66 forni part ol thesg financial statements. -30-
Mind in Gwent Company Limited by Guarantee Charity Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Nots Income and endowments Donations and legacies Charitable activities Other trading activities Investment income Other income 101,890 906,508 97,704 3,976 101.690 2,628,749 97.704 3.976 35,905 1,930,780 99,212 554 16,794 1,722,241 Total income 1.109.878 1,722.241 2,832,119 2,083,245 Expenditure Expenditure on raising funds.. Costs of raising donations and legacies Costs of other trading activities Expenditure on charitable activities Total expenditure 10 11 131,562 12.13 1.134,610 1,266,172 30,572 87,887 1,793,942 131,562 2.859,118 2.990.680 1,724,508 1.724.508 1,912,401 Net income {156.294) (2,26n (158.561) 170,844 Transfers befven funds Transfers from merged charities Net movement in funds 130,176 1.394,290 (130,176) 1,394,290 (132.443) 1,235,729 1,368.172 170.844 Reconciliation of funds Total funds brought forward Total funds carried forward 1,225,115 546,054 1.771,169 3.006.898 1.600,325 2,593,287 413,611 1,771,169 The statement of financial activities includes all gains and Fosses recognised in the year. All income and expenditure derive from continuing activities. On 30 September 2023 the assets. liabilities and activities of Mind Monmouthshire Limrted by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Lirnited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire only are designated for use in the geographical area of Monmouthshire Mind. The resutts for the year to 31 March 2024 include SÈX months activities of the merged charities (October 2023 - March 2024). The comparative figures relate to Mind in Gwent (formerly Newport Mind) only. The notos on pages 35 to 66 lorni part of these flnan¢lal statements. 31
Mind in Gwent Consolidated Company Limited by Guarantee Ststement of Financial Position 31 March 2024 2024 2023 Fixed assets Tangible fixed assets 19 2,498,937 1,668,122 Current assets stocks Debtors Cash at bank and in hand 28,559 463.556 1.001.510 225,412 514,107 1.493.625 739,519 Creditors: amounts falling due within one year Net current assets 405,989 110,510 1,087,636 3.586.573 629,009 Total assets less current liabilities 2,297,131 Creditor5: amounts falling due aftgr rn0 than one year 382,320 525,962 Net assets 3,204,253 1,771,169 Funds of the charity Restricted funds Unrestricted funds 413.611 2,790.642 3,204,253 546,054 1,225,115 Total charity funds 1,771,169 On 30 September 2023 the assets, liabilities and actÉvities of Mind Monmouthshire Limited by Guarantee Registered in England & Wales company registration nLSmber 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire only are designated for use in the geographical area of Monmouthshire Mind. The resutts for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparatNe figures relate to Mind in Gwent (formerly Newport Mind) only. These financial statements were approved by the board of trustees and authorised for issue on 18 December 2024, and are signed on behalf of the board by: r£w 0*7 N Thorneycroft- Chair Trustee Mr A Sutton Trustee The notes on pages 35 to 66 forni part of these firRncial statements. -32-
Mlnd In Gwent Company Limited by Guarantee Charity Ststement of Financial Posits-on 31 March 2024 2024 2023 Note Fixed assets Tangible fixed assets Investments 19 2,492,402 1,668,122 2.492,404 1.668,122 Current assets DebtOf5 Cash at bank and in hand 439.395 755,474 225.412 514,107 1.194,869 739,519 Creditors: amounts falllng due wlthin one year Net current assets 298,0SS 110,510 896.814 629,009 Total assets less current Ilabilities 3.389.218 2,297,131 Creditors: amounts falling due after more than one year 382,320 525.962 Net assets 3.006,898 1,771,169 Funds of the charity Restricted fund5 Unrestricted funds 413.611 2,593.287 546.054 1,225.115 Totsl chartty funds 26 3,006,898 1.771,169 On 30 September 2023 the assets. liabilities and activities of Mind MonmoLrthshire Limited by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire only are designated for use in the geographical area of Monmouthshire Mind. The resufts for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparative rureS relate to Mind in Gwent (formerly Newport Mind) only. These financial statements were approved by the board of trustees and authorised for issue on 18
signed on behalf of the ort N Thomeycroft- Chair Trustee MrA Sutton Trustee The notss on pag•$ 35 to 66 fomi part of financial statements. -33-
Mind in Gwent Company Limited by Guarantee Consolidated Ststement of Cash Flows Year ended 31 March 2024 2024 2023 Cash flows from operating activities Net income 1,433.084 170,844 Adjustments for Transfer of assets stock Depreciation of tangible fixed assets Other interest receivable and similar income Interest payable and similar charges Accrued (income)lexpenses (594,680) (28,559) 78,523 (5,818 38,465 91,671 36,743 (554) 12,341 326 Changes in.. Trade and other debtors Trade and other credrf(ors (238.144) 134.532 (43,892} {192,158) (16,350) Cash generated from operations 909.074 Interest paid Interest received (38.465} 5.818 {12,341) 554 Net cash froml(used in) operating acttvities 876.427 (28,137) Cash flows from investing activities Purchase of tangible assets Net cash used in investing activities (314,658) (912,800) (314,6581 (912,800} Cash flows from financing activities Proceeds from borrowings Net cash (used in)Ifrom financing activities (74,366) {74,366> 251,512 251,512 Net increasel(de¢rease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 487.403 514.107 {689,425) 1,203.532 1,001.510 514,107 The note8 on pag?$ 35 to 66 forn) part of these financial ststements.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General inforniatk>n The charty is a public benefrt entty and a private company limrted by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 100-101 Commercial Street, Newpot( Gwent, NP20 1 LU. Statement of compliance These financial statements have been prepared in compliance wtth FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland., the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Irand {FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional CUencY of the entty, rounded to the nearest pound. On 30 September 2023 the assets, liabilities and activrties of Mind Monmouthshire Limited by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire onty are designated for use in the geographical area of Monmouthshire Mind. The results for the year to 31 March 2024 include six months activities of the merged charities {October 2023 - March 2024)- The comparative figures relate to Mind in Gwent (fomierly Newport Mind) only. Going concern There are no material uncertainties about the charty's abilty to continue. Consolidation The Financial Statements consolidate the Financial Statements of Mind in Gwent and its subsidiary undertaking as at 31 March 2024. Judgements and key sources of estlmation uncertainty The preparation of the financial statements requires management to make judgement5. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of fulure event5 that are believed to be reasonable under the circumstances. Fund accounting The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charty. Such funds may be held in order to finance both Working capital and Capital investment. -35-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accounting policles (eontlnued) Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to ¢arefiJlty monrtor the application of those funds in accordance with the restrictions placed upon them. Any proposed transfer beeen funds would be consKlered on the particular circumstances. Incomlng resources Ail incoming resources are included in the statement of financial activities when entitlement has passed to the charity- it is probable that the economic benefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular calegories of income: Income from donations or grants is recognised when there is ewdence of entitlement to the gfft, receipt is probable and its amount can be measured reliably. Legacy income is recognised when receipt is probable and entitlement is established. Income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recoJnised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classffied as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned rf unspent, in which case it may be regarded as restrictgJ. Resources expended Expenditure is recognised on an accruals basis as a liabilty is incurred. Expenditure includes any VAT which cannot be ful recovered, and is classified under headings of the statement of financial activiiies to which it relates= Expenditure on raising funds includes the costs of all fundraising activities. events. non-charitab trading activities, and the sale of donated gcrtjds. Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefrt of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable lo a single activty are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. -36-
Mind in Gwent Company Limited by Guarantee Notes to the Financlal Ststements (conllnuedj Year ended 31 March 2024 Accounting policles (condnue Income tax As a registered charity. the charty is exempt from income tax to the extent that its income and gains are applicable to charttable purposes only. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Ststement of Financial Activities. Operating leases Lease payments are recognised as an expense over the lease temi on a straight-line basis. The aggregate benefrt of lease incentives is recognised as a reduction to expense over the lease temi, on a straight-line basis. Tangible assets All fixed assets are initially recorded at cost. Depreclation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value. over the useful economic lrfe of that asset as follows: Improvements to property Housing equipment Head office equipment 2°A p.a. straight line 330/0 p.a. straight line 200A to 33'A p.a. straight line Impairment of red assets A review for indicators of impaitment is carried out at each reporting date, wtth the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingty. Prior irnpainnents are also reviewed for possible reversal at ea¢h reporting date. Stocks stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, Costs of conversion and other costs incurred in bringing the stock to Fts present location and condition. Financial instruments A financial asset or a financial liability is recognised onty when the entity becomes a paty to the contractual provisions of the inslrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement Constitutes a financing transa¢tion, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrurrent. -37-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢ontlnu8dJ Year ended 31 March 2024 Accountlng policies (continued) Current assets and Current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Retirement benefits Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. The charity also participates in the Pensions Trust's Grimth Plan, a def5ned benefit scheme which is externally funded and is not contracted out of the State Second Pension. This is a multi- employer pension plan. It is not possible in the normal course of events to identify on a reasonable and consistent basis the share of underlying assets and liabilities belonging to individual participating employers. The Plan is a mutti-employer scheme, where the assets are Co-mingled for investment purposes, and benefits are paid out of the Plan's totsl assets. Accordingly, due to the nature of the Plan. the accounting charge for the period represent the employer contribution payable. Where a scheme is in deficit and where the charty has agreed to a deficit funding agreement. a liability is recognised for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The unwinding of the discount rate is recognised as a cost in the Statement of Financial Activities. Multi employer pension scheme As at 30 September 2023 the liabilty was settled by Monmouthshire Mind and Torfaen and Blaenau Gwent Mind any future liabilty wll be settled by Mind in Gwent as guarantor and is set out in note 17, the company participates in the scheme, a mutti-emptoyer scheme. The scheme is a defined benefit scheme in the UK. It is not possible for the company to obtain sufficient infomation to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. Where the Scheme is in defrcit and where the company has agreed to a deficit funding arrangement the company recognises a liabilty for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit. The present value is calculated using the discount rate detailed in note 17. The discount rates used are the equivalent single discount rates which, when used to discount the future recovery plan contributions due, would give the same results as using a full Aq Corporate bond yield curve to discount the same recovery plan contributions. Estimates are used in detemiining the pension costs and liabilities incorporated in the financial statements. The assumptions reflect htstorical experience and judgement regarding future expectations. 4. Limited by guarantee The charty is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken to contribute such amounts nol exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or wf(hin one year thereafter. There are 6 members of the company (2023.9).
Mind in Gwent Company Limited by Guarantee Notes to the Financial Ststements (continued) Year ended 31 March 2024 Donations and legacies Group and Charity Unrestricted Funds Restricted Total Funds Funds 2024 Donations 60,099 60,099 Unrestricted Funds Restricted Total Funds Funds 2023 Donations 35,905 35,905 The amounts above for the year to 31 March 2024 include six months activities of the merged Charities (October 2023- March 2024). The comparative figures relate to Mind in Gwent only. -39-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements ¢tInued} Year ended 31 March 2024 Charltable activities Group and Charlty Unrestricted Funds Restricted Total Funds Funds 2024 Rental income (incILing Housing 8enefft) MONMOUTHSHIRE Abergavenny Town Council Garfield Western GAVO Gwent Dementia Grant Mind Active Monitoring Monmouth City Council Rural Project Funding Monmoulhshire County Council Contract Monmouthshire County Council Supported housing Moondance Rhondda Cynon Taff NEWPOR T Children in Need - Youth Soa"al Acb"on fund Co-op Comic Relief- Piece by Piece CYP Wellbeing Ambassadors Project DWP Kickslart Gabor Nagy St Martin GAVO Plant a seed Home offi EU Setdernent Scheme Grant Mind- Support with merger Mind Active Monitoring Mind Co-op Resilience Fund 'Systems Change. Mind Expert Advisory panel Mind Money and Me Mind Peer Support Hub Project Mind Wellbeing Advisors - Children and Young People Mind5 in Gwenl Connector grant National Grid Wam Communtty Matters Natural resour Wales Newport City Coun1 - Early Help Support PBP Newport City Council- Families First Newport City Council- Housing Support Grant Newport City Council - Skills training and wellbeirKJ Newport City Council Summer of Fun Promo- Cymru INation21 Lottery - Mind Our Futures Ted Senior Foundation WCVA - Landfill Disposals Tax Communitbes Scheme WCVA - Wellbeing Ambassadors Welsh Govemment Welsh Govemment svywo Whole School Approach TORFAEN and BLAENAU GWENT BGCBC Gommunibes forwork Blaenau Gwent County Borough Counal - Day se1$ GAVO Mind supported Self help Wales consortium Torfaen Voluntary Alliance 690.321 690,321 10.000 4,167 16.963 788 23,579 46,036 26.081 10.000 4,167 16,963 788 23,579 46,036 26,081 202,336 17,953 4.342 202.336 17,953 4,342 21,801 882 76,980 30,159 21.801 882 76.980 30,159 141 141 7.109 7.109 47.158 47.158 2.400 2,400 20.500 20.500 85,246 85,248 7.500 8.875 7.500 8.875 177.206 546,719 120,520 177.206 546,719 120.520 59.599 5.439 40.999 77.794 59.599 5,439 40,999 77.794 39.931 143.668 39.931 143.668 18.172 22,556 500 23,579 750 18.172 22.556 500 23,579 750 1.722.241 2,628.749 The amounts above for the year to 31 March 2024 include six months activities of the merged charities {October 2023 - March 2024). The comparative figures relate to Mind in Gwent only.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (continueo) Year ended 31 March 2024 Charitable activities (continued) Unrestricted Restricted Funds Funds Total Funds 2023 Group and Charty Rental income {including Housing Benefft) MONMOUTHSHIRE Abergavenny Town Council Garfield Western GAVO Gwent Dementia Grant Mind Acb've Monitoring Monmouthshire County Council Supported housbng Monmouth City Council Rural Project Funding Monmouthshire County Council Contract Moondance Rhondda Cynon Taff NEWPOR T Children in Need - Youth Social Action fund Co-op Comic Relief- Ple by Piece CYP Wellbeing Arnbassadors Project DVVP Kickslart Gabor Nagy St Martin GAVO Plant a seed Home Offi EU Setdement Scheme Grant Mind- Support with merger Mind Active Monitoring Mind Co-op Resilience Fund 'Systems Change, Mind Expert Advisory panel Mind Money and Me Mind Peer Support Hub Project Mind Wellbeing Advisors- Children and Young Peop Minds in Gwent Connector grant National Grid Warm Community Matters Natural resour Wales Newport City Council- Early Help Support PBP Newport City Coijncil - Families First Newport City Council - Housing Support Grant Newport City Council - Skills training and wellbeing Newport City Council Summer of Fun Promo- Cymru INalional Lottery- Mind Our Futures Ted Senior Foundation WCVA- Landfill Disposals Tax Communttses Scheme WCVA- Wellbeing AJnbassadors Welsh Govemment Welsh Govemment SVYWO Vvhole School Approach TORFAEN and BLAENAU GWENT BGCBC Comrnunities forworti Blaenau Gwent County Borough Council - Day Servi GAVO Mind supported self help Wales consortium Torfaen Voluntary Alliance 352,187 352,187 26,646 26.646 152.392 17.883 11,972 152,392 17,883 11,972 4,200 103,981 4.200 103,981 50,876 35.750 50,876 35,75Q 1.000 56,727 1.000 1,000 56,727 1.000 45,397 180,244 497.834 108,731 7,689 30,402 45,397 180,244 497,834 108,731 7,689 30,402 50,000 50.000 195.869 195,869 352.187 1.578.593 1,930,780 The amounts above for the year to 31 March 2024 include six months adivtties of the merged Charities {October 2023 - March 2024). The comparative figures relate to Mind in Gwent only. -41
Mind in Gwent Company Limited by Guarantee Notes to the Financlal Statements (contlnued) Year ended 31 March 2024 Other tradlng activitles Group Unrestricted Funds Restricted Total Funds Funds 2024 Private counselling Training Relevant Person Representative Accredited training Room Hire Fund generation - Torfaen Kitchen Fund generation - Phoenix Project 59.953 437,519 197.535 2.272 12.769 956 212 59,953 437,519 197,535 2,272 12.769 956 212 711,216 711.216 Group Unrestricted Funds Restrided Total Funds Funds 2023 Private ¢ounselling Training Relevant Person Representative Accredited training Room Hire Fund generation- Torfaen Kitchen Fund generation - Phoenix Project 47.227 51.985 47,227 51.985 99.212 The amounts above for the year to 31 March 2024 include six months activities of the merged charities (October 2023- March 2024). The comparative figures relate to Mind in Gwent only. Unrestricted Restricted Total Funds Funds Funds 2024 99,212 Charity Private counselling Training Room Hire Fund generation - Torfaen Kitchen Fund generation - Phoenix Prqect 52.221 31,546 12,769 956 212 52,221 31,546 12,769 956 212 97,704 97.704 Charity Unrestricted Funds Restricted Total Funds Funds 2023 Private counselling Training Room Hire Fund generation - Torfaen Kitchen Fund generation - Phoenix Project 47.227 51.985 47,227 51,985 99.212 99,212 -42-
Mind In Gwent Company Limited by Guarantee Notes to the Financial Statements (contsnu•dJ Year ended 31 March 2024 Investment income Group Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Interest received 5.818 5,818 554 554 Charity Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Interest received 3,976 3.976 554 554 The amounts above for the year to 31 March 2024 include six months activrties of the merged charities (October 2023- March 2024). The comparative figures relate to Mind in Gwent only. Other Income Group and Charity Unrestrtcted Funds Restricted Total Funds Funds 2024 Other income Unrestricted Funds Restricted Total Funds Funds 2023 other income 16.794 16,794 16.794 16,794 The amounts above for the year to 31 March 2024 include six months activities of the merged charities (October 2023- March 2024). The comparative figures relate to Mind in Gwent only.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedJ Year ended 31 March 2024 10. Costs of raising donations and legacles Unrestricted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Group and Charity Fundraising & Donations 30,572 30,572 The amounts above for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - Mah 2024). The comparative figures relate to Mind in Gwent only. 11. Costs of other trading activities Group Unrestrided Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Training & services Private Counselling Trading Costs of subsidiary 46,529 85.033 568.990 46,529 85.033 568,990 40,710 47,177 40,710 47,177 700,552 700.552 87,887 87,887 Charity Unrestricted Totsl Funds Unrestricted Total Funds Funds 2024 Funds 2023 Tining & seeS Private Counselling 46.529 85,033 46.529 85.033 131.562 40.710 47,17T 40,710 47,177 131,562 87.887 87,887 The amounts above for the year to 31 March 2024 include six months activities of Ihe merged charities (October 2023- March 2024). The comparattve figures relate to Mind in Gwent only.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (conttnued) Year ended 31 March 2024 12. Expenditure on charitable activities by fund type Unrestricted Funds Group and Charity Restricted Total Funds Funds 2024 Housing including core costs 922.084 922,084 MONMOUTHSHIRE Abergavenny Town Council Garfield Western GAVO Monmouthshire City Council Moondance 19,699 4,167 11,210 59,500 15,228 19,699 4,167 11,210 82,946 15,228 23,446 NEWPOR T Cash4U Children in Need - Youth Social Action Fund Comic Relief Piece by Piece CYP Wellbeing Ambassadors Project DWP Kickstart Home Off5ce EU Settlement Mind Cymru Active Monitoring Mind Money and Me Mind small grants Mind Wellbeing Advisors Newport City Council Early Help Support PBP Newport City Council Families First Newport City Council Housing Support Grant Newport City Council Skills, training and wellbeing Newport Cty Council Summer of Fun NEWPORT Mind Cop op Resilience Fund Plant a seed Promo Cymru l National Lottery Mind Our Futures Ted Senior Foundation WCVA - Wellbeing Ambassadors Welsh Government svywo Whole School Approach 24,275 143,196 22,588 24,275 143,196 22.588 41,468 18.132 6.261 113,617 41.468 18.132 6,261 113,617 119,848 399,275 91,141 119,848 399,275 91.141 15.363 48,728 7,240 30.341 33,300 165.733 15,363 48,728 7.240 30.341 33.300 165,733 TORFAEN and BLAENAU GWENT BCBC Communities for Work Day Services Blaenau Gwent Mind supported self help consortium Wales NCN Blaenau Gwent East and West 14,067 16,099 33,286 14,025 14,067 16.099 33,286 14,025 Support Costs 189,080 256.721 445,801 1.134,610 1.724,508 2.859.118
Mind in Gwent Company Limited by Guarantee Notes to the Financial Ststements (conthiued) Year ended 31 March 2024 12. Expendlture on charitsble activltles by fund type (Condnuedj Group and Charity UnrestrFCted Funds Restricted Total Funds Funds 2023 Housing including core costs 187.101 44,359 231,460 MONMOUTHSHIRE Garfield Western GAVO Moondance Monmouthshire City Council Abergavenny Town Council NEWPORT Cash4U Children in Need - Youth Social Action Fund Comic Relief Piece by Piece CYP Wellbeing Ambassadors Project DWP Kickstart Home Office EU Settlement Mind Cop op Resilience Fund Mind Cymru Active Monitoring Mind Money and Me Mind small grants Mind Wellbeing Advisors Newport City Council Earty Help Support PBP Newport City Council Families First Newport City Council Housing Support Grant Newport City Council Skills, training and wellbeing Newport City Council Summer of Fun Plant a seed Promo Cymru l National Lottery Mind Our Futures Ted Senior Foundation WCVA- Wellbeing Ambassadors Welsh Government SVYWO Whole School Approach 121 5,871 116,031 34,247 11,972 64,154 43,112 44,191 121 5.871 116.031 34,247 11,972 64,154 43,112 44.191 595 19,165 35,203 140,270 434,659 92.028 7,689 9,145 10.711 595 19.165 35.203 140,270 434.659 92.028 7,689 9,145 10,711 137.996 137,996 TORFAEN and BLAENAU GWENT BCBC Communities for Work Day Services Blaenau Gwent Mind supported self help consortium Wales NCN Blaenau Gwent East and West Support costs 165,275 190,047 355,322 352,376 1.441.566 1,793,942 The amounts above for the year to 31 March 2024 include six months activities of the merged charities {October 2023- March 2024). The comparative figures relate to Mind in Gwent only.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢onllnued) Year ended 31 March 2024 13. Expenditure on charitable activitles by actlvlty type Group and Charity Activities undertaken directly Totsl funds 2024 Support costs Total fund 2023 Housing including Core costs 922,084 187.197 1,109,281 396,735 MONMOUTHSHIRE Abergavenny Town Council Garfield Westem GAVO Monmouthshire City Council Moondance 19.699 4.167 11,210 82,946 15,228 1,875 21,574 4,167 11,901 93.782 18.072 691 10,836 NEWPORT Cash4U Children in Need- Youth Social Action Fund Comic Relief Piece by Piece CYP Wellbeing Ambassadors Project DWP Kickstart Home Office EU Settlement Mind Cop op Resilience Fund Mind Cymru Active Monrtoring Mind Money and Me Mind small grants Mind Wellbeing Advisors Newport City Council Early Help Support PBP Newport City Council Families First Newport City Council Housing Support Grant Newport Cty Council Skills, training and wellbeing Newport City Council Summer of Fun Plant a seed Promo Cymru l National Lottery Mind Our Futures Ted Senior Foundation WCVA - Wellbeing Ambassadors Welsh Government svywo Whole School Approach 121 7,643 135,070 37,892 11,972 70,081 47,079 59,575 24.275 143,196 22.588 5.905 19.500 2.430 30,180 162,696 25.018 41,468 18,132 6,261 113,617 25,392 1.897 66,860 20,029 6,261 123.327 595 23,754 45,397 180,470 497,834 109,633 7.689 9,686 14,720 9,710 119,848 399,275 91,141 58,416 61.579 24,063 178,264 460,854 115,204 15,363 48,728 7,240 30,341 33,300 165,733 2,164 8.016 17,527 S6.744 7,240 33,916 33,300 185.444 3,575 19,711 137,996 roRFAEN and BLAENAU GWENT BGBC Communities lor work Day Services Blaenau Gwent Mind supported self help consortium Wales NCN Blaenau Gwent East and West 14,067 16,099 33,286 14,025 14.067 16,099 33,286 14,025 2,413,317 445,801 2.859,118 1,793,942 The amounts above for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparative figures relate to Mind in Gwent only. -47-
Mind in Gwent Company Limlted by Guarantee Notes to the Financial Statements {¢onllnuedJ Year ended 31 March 2024 14. Analysls of support costs Group and Charlty Children in Cyp Monmouth Need - Comic Wellbeing -shire Youth Relief Ambassad county Moon Social Piece by -ors council -dance Action Fund Piece Project Housing Abergave- including nny town core costs council GAVO Staff costs Premises Travel costs Communications IT General office Govemance costs 150,580 12,803 1,875 691 10,836 2,844 5,383 13,500 2,013 81 336 522 6,000 6,049 10,265 7,500 187,197 1,875 691 10,836 5,905 19.500 2,430 Newport Newport Newport Cty Council Cty Council Mind Cymru Mind City Council Housing Skills, Active Mind Money Wellbeing Families Support training and Monitoring and Me Advisors First Grant wellbeing Plant a seed staff costs Premises Travel costs Communications IT General office Govemance costs 22.467 1.897 6,487 324 2.437 48.264 35,156 11.990 2,164 10.152 26.423 12,073 525 2,400 462 25,392 1,897 9.710 58,416 61.579 24,063 2,164 Promo INCVA - Vhole CymrulNatio Wellbeing School nal Lottery Ambassa Approach Mind our dors Futures Total 2024 Total 2023 staff costs Premises Travel costs Communications and IT General office Governance costs 4,593 243 2,640 540 3.575 12,247 336,562 13,451 68.047 7.114 13.127 7,500 270.714 70,243 7.464 7.346 7,019 8,016 3,575 19.711 445,801 355,322 The amounts above for the year to 31 March 2024 include six months activities of the merged charities (October 2023 - March 2024). The comparative figures relate to Mind in Gwent only.
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements {ntInued} Year ended 31 March 2024 15. Net Income Group Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets Fees paid to the auditor (Incl. VAT).. For the audit of the financial ststements For non-audit services 78,523 36,743 13,384 4,833 8,910 Charlty Net income is stated after ¢hargingl(credibng): 2024 2023 Depreciation of tangible fixed assets Fees paid to the auditor (Incl. VAT)= For the audit of the financial statements For non-audtt services 71,372 36,743 9,177 4,833 8,910 16. Staff costs Group The total staff costs and employee beneffts for the reporting period are anaSed as follows: 2024 2023 Wages and salaries Social securty costs Employer contributions to pension plans 2,260,917 196.886 109,375 1,295,282 110,806 60,155 2.567.178 1,466,243 The resutts for the year to 31 March 2024 include six months activities of the merged charities the comparative figures relate to Mind in Gwent (formerly Newport Mind) onty. The average head count of employees during the year was 110 (2023.. 57). The average number of fulktime equivalent employees during the year is anatysed as follows: 2024 No. 2023 Number of management and administrative staff Number of staff engaged on charitable activiknes 12 46 92 49 The average numbers for the year to 31 March 2024 include six months of the merged chartties the comparative figures relate to Mind in Gwent (fomierly Newport Mind) only. No employee received employee benefrts of more than £60.000 during the year (2023." Nil).
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢ontinu8dJ Year ended 31 March 2024 Key Management Personnel The key management personnel of the Charity are those persons having authority and responsibility for planning. directing and controlling the activitses of the Charity, directly or indirectly. including any Trustee of the Charity. In additÈon to the Trustees, key management personnel includes 1 of the Principal OffIr$. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £62.627. Charty The total staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salarFes Social security costs Employer contributions to pension plans 1,931,213 166,379 89,789 1,295,282 110,806 60,155 2,187,381 1.466,243 The results for the year to 31 March 2024 include six months adivities of the merged chartties the comparative figures relate to Mind in Gwent (fomierly Newport Mind) only. The average head count of employees during the year was 97 {2023: 57). The average number of fulktime equivalent employees during the year is analysed as follsyws: 2024 No. 2023 Number of management and administrative staff Number of staff engaged on charitable activities 11 68 79 49 The average numbers for the year to 31 March 2024 include six months of the merged charrties the comparative figures relate to Mind in Gwent (formerly Newport Mind) only. No employee received employee benefits of more than £60.000 during the year (2023.. Nil). Key Management Personnel The key management personnel of the Charity are those persons having authority and responsibility for planning, directing and controlling the activities of the CharÈty. directly or indirectly, including any Trustee of the Charty. In addtiion to the Trustees, key management personnel includes 1 of the Principal Officers. Aggregate remuneration and benefits paid to key management personnel during the year amounted to £62.627. 17. Trustee remuneration and expenses Group and Charlty During the year one trustee received £386 (2023.. £354) in respect of expenses reimbursed. The twstee also volunteers for the organisation, the expenses were in respect of volunteer expenses. The weekty payments were made in accordance with the volunteering policy of the organisation.
Mind in Gwent Company LimAted by Guarantee Notes to the Financial Statements (contsnued) Year ended 31 March 2024 18. Transfers between funds Group and Charlty Net transfers detailed in note 26 relate to deficits made on certain projects during the year. 19. Tangible fixed assets Group Land and Fi%fiures and buildings fittings Equipment Total Cost At 1 April 2023 Additions Acquisitions through business combinations 1.700,082 305,916 9.160 149,651 8.742 1,858,893 314,658 1,388,483 3.394,481 274,022 1,662,505 3,836,056 At 31 March 2024 9.160 432.415 Depreciation At 1 April 2023 Charge for the year Transfer5 60,272 52,661 807,955 9,159 121,340 25,862 259,870 190,771 78,523 1,067,825 1,337,119 At 31 March 2024 920,888 9,159 407,072 Carrying amount At 31 March 2024 2,473,593 25,343 2,498,937 1,668,122 At 31 March 2023 1,639,810 28,311 Charity Land and Fixtures and buildings fittings Equipment Total Cost At 1 April 2023 Additions Acquisitions through business combinations 1,700,082 305,916 9,160 149,651 8,742 1,858,893 314,658 1,388,483 233,714 1,622,197 At 31 March 2024 3.394,481 9.160 392,107 3,795,748 Depreciation At 1 April 2023 Charge for the year Transfers 60,272 52,661 807,955 9,159 121,340 18,711 233,248 373,299 190,771 71,372 1,041,203 1,303,346 At 31 March 2024 920,888 9.159 Carrylng amount At 31 March 2024 2,473,593 18,808 2,492.402 1,868,122 At 31 March 2023 1,639,810 28,311 -51
Mind in Gwent Company Limited by Guarantee Notes to the Financial Ststements (contsnuedj Year ended 31 March 2024 20. Investments Charlty Shares in group undertaking Cost or valuatlon At 1 April 2023 Additions At 31 March 2024 Impairment At 1 April 2023 and 31 March 2024 Carrying amount At 31 March 2024 At 31 March 2023 All investments shown above are held at valuation. 21. Investment entities Subsidiaries and other investments Investments represent the shares held in the trading subsidiary MHFA Wales Limited. The company was incorporated in England and Wales under the Companies Act 2006 on 1st April 2010. The surpluses of that company have been transferred to Mind in Gwent in accordance with the gift deed of covenant. The shares were transferred from Torfaen & Blaenau Gwent Mind on 2 October 2023. The company owns 1 OOOA of the issued ordinary share capital of MHFA Wales Limited formerty known as Training in Mind Limited a company registered in England & Wales company number:07211462. Registered offe address: Unlt 1&3 1s1 Floor Church View, Ivor Street, Blaenavon, Pontypool NP4 9 2024 2023 Aggregate and Reserves 197,357 194.850 2024 2023 Profit for the financial year 2,507 23,522 -52-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢onllnued) Year ended 31 March 2024 22. Debtors Group 2024 2023 Trade debtors Prepayments and accrued income other debtors 323,144 124,800 15,612 463.556 205,065 11,076 9,271 225,412 Charity 2024 2023 Trade debtors Amounts owed by group undertaking Prepayments and accrued income Olher debtors 270,893 41,591 124,800 2.111 205,065 11,076 9,271 439.395 225,412 23. Creditors: amounts falling due within one year Group 2024 2023 Bank loans and overdrafts Trade Creditors Corporation Tax Accruals and deferred income Social security and other taxes other Creditors 82,460 57.494 2,266 126,340 71.171 66,258 13,184 39,352 34,399 23,575 405,989 110,510 Charity 2024 2023 Bank loans and overdrafts Trade credtlors Accruals and deferred income Social securty and other tsxes 82,460 51,631 118,001 45,963 13,184 39,352 34,399 23,575 298.055 110,510 The bank loan is secured by a fixed charge over the assets owned by the charity. 24. Creditors: amounts falling due after more than one year Group and Charity 2024 2023 Bank loans and overdrafts 382,320 525,962 The bank loan is secured by a fixed charge over the assets owned by the charity.
Mind in Gwent Company Limlted by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 25. Retlrement benefrt schemes Group Defined contrlbution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £109,375 {2023." £60,155). Charity Defined contributlon plans The amount recogni5ed in income or expenditure as an expense in relation to defined contribution plans was £89.789 {2023.' £60.155}. Group and Charity Multi-employer pension scheme The company participates in a multi-employer scheme, operated by TPT Retirement Solutions, which provides benefits to some 950 non-associated participating employers. The scheme is a defined benerrt scheme in the UK. It is not possible for the company to obtain sufficient information to enable it to account for the scheme as a defined benefit scheme. Therefore it accounts for the scheme as a defined contribution scheme. The scheme is subject to the frjnding legislation outlined in the Pensions Act 20024 which came into force on 30 December 2005. This, together with the documents issued by the Pensions Regulator and Technical Actuarial Standards issued by the Financial Reporting Council, set out the framework for funding defined benefit occupational pension schemes in the UK The scheme is classified as a 'last-man standing arrangement,. Therefore the company is potentially liable for other participating employers, obligations if those employers are unable to meet their share of the scheme deficit following withdrawal from the scheme. Participating employers are legally required to meet their share of the scheme deficit on an annuity basis on withdrawal from the scheme. A full actuarial valuation for the scheme was carried out at 30 September 2020. This valuation showed assets of £831.9m and a deficit of £31.6m. To elirninate this hJnding shortfall. the Trustee has asked the participating employers to pay additional contributions to the scheme as follows.. Deficit contributions From 1 April 2022 to 31 January 2025: £3,312,000 per annum (payable monthly) Unless a concession has been agreed with the Trustee the term to 31 January 2025 applies. Note that the scheme's previous valuation was carried oui with a effective date of 30 Septembef 2017. This valuation showed assets of £794.9m. liabilrf(ies of £926.4m and a deficit of £131.5m. To eliminate this funding shortfall, the Trustee asked the participating employers to pay additional contributions to the scheme as follows: Deficit contributions From April 2019 to 30 September 2025: £11,243,000 per annum (payable monthly by 30/0 each on 181 April and increasing)
Mind in Gwent Company Limited by Guarantee Notes to the Financlal Statements {contsnuedJ Year ended 31 March 2024 25. Retirement benefit schemes (continued) Multl4mployer pension scheme {conthuedJ The recovery plan contributions are allocated to each participating employer in line with their estimated share of the Series 1 and Series 2 scheme liabilities. Where the scheme is in deficit and where the company has agreed to a deficit funding arrangement the company recognises a liabilty for this obligation. 26. Anatysis of charftable funds Group Unrestricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General Unrestricled Designated {see below) Designated - property Monmouthshire Mind - Capital reserves on transfer Monmouthshire Mind- Revenue reserves on transfer 2.344,735 (1,837,428) (284,691) 222,616 (65.133) 1,159,982 480.000 480,000 1,225,115 435,117 435,117 492,927 492,927 1.225,115 3,272.779 (1.837.428) 130,176 2,790,642 The designated unrestricted funds as at 31 March 2024 represent unrestricted funds agreed by the charty to be held as per the following agreed by the trustees: Reserves policy Property as noted below £1,159,982 £480,000 The Gwent Regional Partnership Board has agreed funding for seven new one bedroomed flats to be approved for Welsh Govemment Housing with Care funding based on a costing of an estimated Cost of £1.6 million. The amount of funding that will be provided is subject to application of the Welsh Govemmenvs Standard Viabilty Model and it is likely Mind in Gwent will need to provide at least 300A of the total so is designating the remainder of unrestricted funding for this purpose. Charity Unrestricted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General Unrestricted Designated {see below) Designated - property Monmouthshire Mind - Captsl reserves on transfer Monmouthshire Mind- Revenue reserves on transfer 1,576.124 (1.266,172) (284,691} 25,261 (65,133) 1,159,982 480.000 480,000 1.225,115 435,117 435,117 492,927 492,927 1,225.115 2,504,168 (1,266.172) 130,176 2,593,287
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements {¢onllnu Year ended 31 March 2024 26. Anatysis of charftable funds (con&nuedJ The designated unrestricted funds as at 31 March 2024 represent unrestricted funds agreed by the charity to be held as per the following agreed by the twstees: Reserves policy Property as noted below £1,159,982 £480,000 The Gwent Regional Partnership Board has agreed funding for seven new one bedroomed flats to be approved for Welsh Government Housing with Care funding based on a costing of an estimated cost of £1.6 Milln. The amount of funding that will be provided is subject to application of the Welsh Govemment's Standard Viabiltty Model and it is likely Mind in Gwent will need to provide at least 30Yo of the total so is designating the remainder of unrestricted funding for this purpose. Charity At 31 March 2023 1 April 2022 Income Expenditure Transfers General unrestricted Designated 504,652 (470,835) (33.817) 33.817 1.191,298 1,225,115 1,191,298 504,652 (470,835) 1,225.115 The designated unrestricted funds as at 31 March 2023 represent unrestricted funds agreed by the charty to be held as per the following agreed by the trustees: Reserves policy £556.298 Building improvements £668.817 On 30 September 2023 the assets, liabilities and activities of Mind MonmoLrthshire Limited by Guarantee Registered in England & Wales company registration number 04715435 registered office Henton House 28 Monk Street Abergavenny Gwent NP7 5NP and Torfaen and Blaenau Gwent Mind Limited by Guarantee Registered in England & Wales company registration number 05059087 registered office 24 George Street Pontypool NP4 6BY were transferred to Mind in Gwent. The assets transferred from Mind Monmouthshire only are designated for use in the geographical area of Monmouthshire Mind. The results for the year to 31 March 2024 include six months aclivities of the merged charities (October 2023 - March 2024). The comparative figures relate to Mind in Gwent (formerly Newport Mind) oniy. -56-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements {¢onllnued) Year ended 31 March 2024 26. Analysis of charitable funds (conthuwfj Group and Charlty lestrlcted funds At 1 April 2023 At 31 March 2024 Income Expenditure Transfers IONMOUTHSHIRE ,bergavenny Town Council Jarfield Western JAVO iwent Dementia lind Active Monitoring lonmouthshire County Council lonmoLrthshire County Council Rural project Jnding loondance IEWPORT ash 4 U Grant ,hildren In Need - Youth Social Action Fund omic Relief Piece by Piece IWP Kickstart IAVO - Plant a seed ome Office EU Settlement Scheme lind Active Monitoring lind Co-op Resilience fund 'Systems Change, lind CYP Wellbeing Ambassadors project lind Money and Me lind Peer Support Hub Project lind Small Grants lind Wellbeing Advisors Children and Young eople ewport Cty Council- Families First ewport City Council- Our Voice Our Choice ewport City Council Early Help Support PBP ewport City Council Housing Support Grant ewport Cty Council Skills, training and wellbeing ewport City Council Summer of Fun romo Cymrul National Lottery- Mind Our Futures estricted fixed assets d Senior Foundation ICVA Landfill Disposals Tax Communities Scheme ICVA Wellbeing Ambassadors lelsh Government svywo Ihole School Approach DRFAEN and BLAENAU GWENT CN Blaenau Gwent East and West ind Supported self-help consortium Wales JCBC Communities for work ay Services Blaenau Gwent 10,000 4,167 16,963 788 23,579 26,081 (21,574) (4,167) (11,901) 1788) {16.499) (28.314) (11,574) 5,062 7,080 (2,233) 46,036 17,953 (40.139) (18,072) 5,897 (119) 19.003 64.516 21.801 76.980 (30,180) {162.696) 10,624 {21,200) (5.486) 8.875 (17,527) (14,138) 47,158 (50.361) 3,203 -2.356 30.159 20.500 (25.018} (20,029) {2,785) (471) (7.207) 7,207 9.773 {5.473) 4,300 32.973 85,246 177,206 {123,327} (178,264) (5,108) 1,058 2.157 2,157 546.719 120.520 (460.854) {115.204) (85.865) (5,316) 15.682 309,162 59,599 (56,744) 18.537 283.000 (1,801) 40,999 43,878 {26,162) 5,439 40.999 Tl.794 39.931 143,668 (7.240) (33.916) (33,300) {185,444) (6,631) 103.196 61.420 (14,025) {33,286) 114,067) {16,099) (14,025) (5,721) 4,105 2.471 27,565 18,172 18,570 546.054 1.722.241 (1,724.508) (130,178) 413,611
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢onbnued) Year ended 31 March 2024 26. Analysis of charitable funds (contlnue Charity At 1 April 2022 At 31 March 2023 Income Expenditure Transfers NEWPORT ONL Y Cash 4 U Grant Children In Need - Youth Social Action Fund Comic Relief Piece by Piece DWP Kickstart GAVO - Plant a seed Home Office EU Settlernent Scheme IACT and PEERS Lottery Community fund Mind Active Monitoring Mind Co-op Resilience fund 'Systems Change. Mind CYP Wellbeing Ambassadors project Mind Get Set to Go Mind Influence & participation development grant Mind Peer Support Hub Project Mind Small Grants Mind Wellbeing Advisors Children and Young People Moondance National trust- HAPPY Project Newport City Council - Families First Newport City Council- Our Voice Our Choice Newport City Council Covid Recovery fund Newport City Council Early Help Support PBP Newport City Council Housing Support Grant Newport City Council Skills, training and wellbeing Newport City Council Summer of Fun Paul Hamlyn Promo Cymrul Nattonal Lottery- Mind Our Futures Restricted fixed assets Waterloo Foundation WCVA- VSEF Small Grant Whole School Approach 121 (121) 26.646 152,392 11,972 4,200 103,981 (7,643) (135.070) {11,972) (9,686) 170,081) 19,003 64,516 47.194 {5.486) (33.900) 8,699 50.876 (59.575) 11.329 35,750 {47,079) 17,653 17,883 (37,892) {2,356) 6,207 (405) 1.000 1.000 7,207 (595) 56,727 (23.754) 32,973 226 180,244 (180.470) 2.157 2,157 45.397 (45.397) 497,834 {497.834) 902 108.731 7,689 (109,633} (7,689) 30,402 50,000 (14,720) {44.359) 15,682 309,162 303,521 45,323 195.869 (137,996) 103,196 409,027 1,578,593 (1,441,566) 546,054
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements f¢ontthu Year ended 31 March 2024 26. Analysis of charttable funds (¢ondnued) MONMOUTHSHIRE Abergavenny Town Council - Funding allocated for delivering wellbeiNJ courses spectfically for the Abergavenny area. Garfleld Weston - Supports the Active Monitoring self-help wellbeing program. GAVO (Gwent Association of Voluntary Organisations)- Funding for Monmouthshire's Active Monitoring program targeted at young people. Gwent Dementia- Dedicated to supporting patients with a diagn¢YSiS of dementia. Mlnd - Funding for the Active Monitoring self-help wellbeing program. Monmouthshire County Council - Social prescribing initiative to deliver wellbeing courses in the Monmouth area. Monmouthshire County Council (Rural Project Funding)- Supports wellbeing hours for farmers in rural areas. Moondance - Provision of a Wellbeing Team Lead to ensure the continuity of wellbeing team services. NEWPOR T2024 Mlnd Money and Me - This project is a 6-week programme delivered 1.1 to individuals. It was specifically designed lo offer tools and support in understanding the impact that money can have on mental health and wellbeing. Over the 6-week period we look at a variety of topics depending on what is important to the individual. These are more often focused on relationship with money, understanding how worry. uncertainty and anxiety can play a part. Funded by National Mind this was delivered to a number of groups and individuals over the course of the funding. Many conversations and interventions also took pla in the local community, supporting anyone who had concerns or questions about how to manage their money. Ted Senior Foundation- funding to provide suicide prevention courses across Gwent during the year. WCVA Landfill Disposals Tax Communities Scheme -This fund seeks to improve the environment for communities near landfill sites, and granted us funding to install solar panels at our premises in Newport. WCVA Wellbeing Ambassadors The Wellbeing Ambassador project. recruits, trains, and engages young volunteers aged 14-25 years across Gwent. The Wellbeing Ambassador project champions co-production and the participation of young people in all aspects of sepiice design. delTvery and evaluation.. highlighting the power of the voice of young people and those wtih adverse experience and challenges, promoting the inclusion of young people's voices in governance roles wrthin the organisation. As part of this work, we also facilitate a Communty of Practice and continue the work of the Youth Voice Group to share learning and involve young people in Govemance. -59-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 26. Analysis of charitable funds (Contlnuedj Welsh Government SWIWO - The Strategic, Voluntary Youth Work Organisation Grant is a core services grant to support organisation in providing and developing youth work opportunities for young people aged 11 to 25. This unique grant only funds core staff costs to allow youth work to develop, flourish and embed in organisations. Over the last knjo years the SVYWO grant has allowed Newport Mindlmind in Gwent to employ a Children, Young People and Families Manager to bring youth work practices to life in the organisation. NEWPORT2023 Children In Need Youth SocTal Action Fund An 18 month grant to empower children and young people in Newport to deliver Social Action in their communty. Comic Relief Piece by Piece - Mental health support for young people aged 11-25 and their familEs who have recently experienced a trauma. Offering 1.1. group and communty based support funded until 31 sl of December 2023. DWP Kickstart - The Kickstart Scheme provides funding to employers to create jobs for 16 to 24 year olds on Universal Credf(. Prciect proved unviable and ended December 2022. GA VO - Plant a seed - Working with Natural Resources Wales this group will involve people cooking something new or visiting somewhere new and feeling inspired to do that again, with the help of Newport Mind funded until January 2024. Home Office EU Settlement Scheme - servi to provide advice and assistance with EU Settlement Scheme funding ended 30th of November 2022. Mind Active Monitoring Mind Active monitoring has now been retitled to Supported self-help and is a free, 6- week guided programme. We give you the materials to understand and manage your feelings. And we call you regularly to give you support. Funded until 31st of March 2024. Mind Co-op Restlience fund 'Systems Change. This prqect looks to increase the volunteer diversity and representation, particularly from LGBTQIA+ and BAME backgrounds, young men and those living in deprived areas of Newport. This will help us achieve the following four core outcomes: 1 Young people who previousty would not have thought to access wellbeing, mental health services or support from Newport Mind will start to access these provisions. 2 Young people and the communtiies they engage in viill become more accepting and open to conversations about the mental health and well-being of young people. 3 - Encouraging mental health conversations amongst young men. deprived, BAME and LGBTQ+ communities across Newport, both among young people and with the trusted adults in their Itves. 4 - Young People will learn simple tools to self-recognise their own wellbeing to enable preventative steps to build better resilience. Prqect ended October 2022 Mind CYP Wellbeing Ambassadors project - Volunteering opportuntties for young people aged 14-25 to become a Wellbeing Ambassador who feel passionately about making sure young people are supported with their mental health. -60-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (¢{nUtdj Year ended 31 March 2024 26. Analysis of charitable funds {ContinuedJ Mind Peer Support Hub Project- A Peer Support Hub works to improve capacity of indNiduals and Community based organisations (CBOS) to lead irnpactful peer support activty by: i. Running training and networking evenls for peer supporters to facilitate shared leaming ii. Providing 1..1 support and advice iii. Administering a small in-kind grant for peer support groups to support new and existing projects iv. Promoting the value of community-based peer support to local mental heatth service provider5 and commissioners. Funding ended 2022 Mind Small Grants- Small grants from Mind. Mind Wellbeing Advisors Children and Young People - The wellbeing advisers are here for young people aged 11-24 who are feeling down or worried. They can help young people find the right help. Then they'll catch-up with them further down the line to see how things are going. Newport City Council - Families First - The Family Wellbeing & Resilience service is part of the Families First scheme in Newport. Our role is to support those aged Ck18 year olds and their families to build and maintain resilience to mental health drfficutties. funded until 31 st of March 2025. Newport City Council - Our Voice Our Choice- a furid to help participants wilh personal budgeting support Newport City Council Earty Help Support PBP - Short tem funding to support Piece by Piece Project. Newport City Council Housing Support Grant- Housing and tenancy support for people living in Newport Mind's supported accommodation and to people in the communty. yearly funded. Newport City Council Skills, training and wellbeing The funding is used to provide information, advice and assistance appointments to people contacting Newport Mind to find out what matters to them and what support they need. In addition the funding supports a wide range of adivity and peer support groups, yearly funded. Newport Clty Con¢¥I Summer of Fun - Funding to provide Summer activities for young people in Newport over the Summer school holidays 2022. Promo Cymrul National Lottery - Mind Our Futures - Mind our Future Gwent (MOFG) is a five year until August 2027 £999,888.00 National Lottery Community Funded project delivered by ProMo£ymru and Newport Mind. Our project partners also include local Minds and youth servIS in Gwent. The programme aims to empower young people to create and implement a vision for a more resilient and mentally healthy future for young people in their community. Throughout the project. Promo and Newport Mind will support young people to Cowdesign and develop new solution-focused approaches to young people's mental health and resilien using service design methodology. Restricted fixed assets - Buildin9 work commenced prior to the beginning of the financial year in March 2022 and continued throughout the year. 61
Mind In Gwent Company Limlted by Guarantee Notes to the Financial Statements [nnued) Year ended 31 March 2024 26. Anatysis of charitable funds {Contlnu•d) Whole School Approach - A prciect providing a range of schookwide and focused mental health interventions to the students. staff. parents and carers of the primary, secondary and alternative s¢hi)ol communities in Newport. TORFAEN and BLAENAU GWENT Blaenau Gwent County Borough Council - Open access to drop In prowsion in the borough of Blaenau Gwent. This funding provided by BGCBC supports the delNery of wellbeing services. offering information, advice and practical assistance through a Drop In model of service delrvered from the Phoenix Project in Brynmawr. Communities for Work Project (funded by Welsh Government through GAVO & BGCBC) This funding supports the delivery of advice and information to adults wf(h a mental health condition in accessing or to return to training and education and work based opportunities across the county of Blaenau Gwent. The service is based at TBG Mind's Phoenix Prcfject in Brynmawr. Supported Self Help Project {funded by NCN East & West Blaenau Gwent ABUHB) - This supports the delivery of an integrated 6 week intervention programme for adults with pwr mental health who may be at or near a point of crisis. The service available for the community of Blaenau Gwent. Torfaen County Borough Council- Open access to drop In provision in the borough of Torfaen. This funding provided by TCBC supports the delivery of wellbeing sermces, offering information, advice and practica assistance through a Drop In model of service delivered from the Wellbeing Centre in Pontypool. Supported Self Help Project (funded by National Mind) - This supports the delivery of an integrated 6 week intervention programme for adults with poor mental health who may be at or near a point of crisis. The service available for the community of Torfaen and Blaenau Gwent. 27. Analysis of changes in net debt Group At At 1 Apr 2023 Cash flows 31 Mar 2024 Cash at bank and in hand Debt due within one year Debt due after one year 514.107 {13,184) (525,962) (25.039) 487,403 {69,276) 143,642 1,001,510 (82,4601 (382,320) 536,730 561.769 -62-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (contvnuedj Year ended 31 March 2024 28. Analysis of net assets between funds Group Tangible Net current fixed assets assets Total 2024 Rastricted Funds.. Monmouthshire Abergavenny town council GAVO Mind Active monitoring Monmouthshire County Council Monmouthshire County Council Rural Project Moondance Newport Children in Need - Youth Social Action fund Comic Relief Piece by Piece Plant a seed Mind Small grants Mind Wellbeing Advisors Childn and young people Newport Cty Council - Our voice our choice Promo Cymru l National Lottery- Mind our futures Restrided Fixed Assets - Welsh Government Ted Senior Foundation WCVA Landfill Disposals Tax Communities Scheme WCVA Wellbeing Ambassadors Imiole School Approach Torfaen and Blaenau Gwent NCN Blaenau Gwent and West Mind Supported self-help consortium Wales BGCBC Communitres for Work Day SeNices Blaenau Gwent (11,574) 5.062 7.080 {2,233) 5,897 (119) (11,574) 5,062 7,080 (2,233) 5,897 1119) 10,624 (21,200) (14,138) 4.300 {5.108) 2,157 18.537 10,624 (21,200) (14,138) 4,300 {5,108) 2,157 18,537 283,000 (1.801 } 40,999 43,878 61.420 283.000 (1,801) 40,999 43,878 61.420 (14.025} (5.721) 4.105 2.471 (14,025) (5,721 } 4,105 2,471 283.000 130,611 413,611 Unrestricted Unrestricted Funds Unrestricted - Monmouthshire Capital funds Unrestricted - Monmouthshire Revenue funds 1.780,820 435.117 81.778 1,862,598 435.117 492,927 492,927 2.215.937 574.705 2.790,642 Total Funds 2.498,937 705,316 3,204,253 -63-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (contsnuedj Year ended 31 March 2024 Charity Tanglble Net current fixed assets assets Total 2024 Restricted Funds: Monmouthshire Abergavenny town council GAVO Mind Active monitoring Monmouthshire County Council Monmouthshire County Council Rural Project Moondance Newport Children in Need- Youth Social Action fund Comic Relief Piece by Piece Plant a seed Mind Small grants Mind Wellbeing Advisors Children and young people Newport Cty Council- Our voice our choi Promo Cymru l National Lottery- Mind our futures Restricted Fixed Assets- Welsh Government Ted Senior Foundation WCVA Landfill Disposals Tax Communities Scheme WCVA Wellbeing Ambassadors Whole School Approach Torfaen and Blaenau Gwent NCN Blaenau Gwent and Wesl Mind Supported self-help consixtium Wales BGCBC Communities for Work Oay SeNices Blaenau Gwent {11,574) 5,062 7.080 (2.233) 5,897 (119) 111,574) 5,062 7,080 (2,233) 5,897 (119) 10,624 {21,200) {14,138) 4,300 (5,108) 2,157 18,537 10,624 (21.200) (14,138) 4,300 (5,108) 2,157 18,537 283,000 (1,801) 40,999 43,878 61.420 283,000 (1,801) 40.999 43.878 61,420 (14,025) (5,721) 4,105 2,471 {14,025) {5,721) 4,105 2,471 283,000 130,611 413,611 Unrestricted Unrestrteted Funds Unrestricted - MonmoLrthshire Capital funds Unrestricted - Monmouthshire Revenue funds 1.774.285 435.117 {109,042) 1,665,243 435,117 492,927 492,927 2.209,402 383,885 2.593,287 Total Funds 2,492.402 514,496 3,006.898
Mind in Gwent Company Limited by Guarantee Notes to the Financial Ststements (¢onrfnued) Year ended 31 March 2024 28. Analysis of net assets between funds (cornued) Charity Tangible Net Cuent fixed assets assets Total 2023 Restricted Funds: Newport only Children In Need - Youth Social Action Fund Comic Relief Piece by Piece Plant a seed Mind CYP Wellbeing Ambassadors project Mind Peer Support Hub Project Mind Wellbeing Advisors Children and Young People Newport Cty Council- Our Voice Our Choice Promo Cymru / National Lottery- Mind Our FLrtures Restricted red assets Whole School Approach 19,003 64,516 {5,486) (2,356) 7,207 32,973 2,157 15,682 19,003 64,516 (5,486) (2,356) 7,207 32,973 2,157 15,682 309,162 103,196 309.162 103.196 309.162 236.892 546.054 Unrestricted Funds 1.358,960 (133,845) 1,225,115 Total Funds 1,668.122 103.047 1,771,169 29. Operating lease commitments The total future minimum lease payments under non-cancellable operating leases are as follows: Group 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 13,505 5,138 4,000 1,080 22.643 1.080 Charlty 2024 2023 Not later than 1 year Later than 1 year and not later than 5 years Later than 5 years 4,505 5,138 4.000 1,080 13,643 1,080 30. Limitation of auditors Ilablllty By way of a members, resolution daled 15 December 2023. the company has agreed to enter into a limited liabilty agreement with its auditors whereby their exposure to legal claims is limited to £50,000 per claim. -65-
Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (confr"nueul Year ended 31 March 2024 31. Related parties The company was under the control of the Trustees throughout the current and previous year. The company owns 100°/o of the issued ordinary share caprtal of MHFA Wales Limited former known as Training in Mind Limited a company registered in England & Wales company number:07211462. Registered office address: Unit 1&3 1st Floor Church View, Ivor Street, Blaenavon, Pontypool NP4 9NA. The shares were transferred from Torfaen & Blaenau Gwent Mind on 2 October 2023. As at 31 March 2024 a donation of £41,591 was gifted to the charity from the wholly owned subsidiary MHFA Wales Limited in accordance with the deed of covenant. As at 31 March 2024 the subsidiary MHFA Wales Limited (xyed the charity £41,591. -66-