2025-03-31-accounts - Mind in Gwent

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COMPANY REGISTRATION NUMBER: 02916027 CHARITY REGISTRATION NUMBER: 1036964

Mind in Gwent

Company Limited by Guarantee Financial Statements

31 March 2025

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 2025

	Page
Trustees’ annual report (incorporating the director's report)	1
Independent auditor's report to the members	25
Consolidated Statement offinancial activities (including income
and expenditure account)	30
Charity Statement offinancial activities (including income and
expenditure account)	31
Consolidated Statement offinancial position	32
Charity Statement offinancial position	33
Consolidated Statement ofcash flows	34
Notestothefinancialstatements	35

Mind in Gwent

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report)

Year ended 31 March 2025

The trustees, who are also the directors for the purposes of company law, present their report and the financial statements of the charity for the year ended 31 March 2025.

Reference and administrative details	Reference and administrative details
Registered charity name	Mind in Gwent
Charity registration number	1036964
Company registration number	02916027
Principal office and registered	100-101 Commercial Street
office	Newport
	Gwent
	NP20 1LU
The trustees
N Thorneycroft - Chair
E Boswell	(Appointed	5 June 2024)
H Chung	(Appointed	5 June 2024)
L Cooper
H Dacey	(Appointed	4 December 2024)
B T Davies
J Langdon	(Appointed	4 December2024 Resigned 19 July2025)
L Parfitt	(Appointed	4 December2024)
A Sutton
P Harkness	(Retired 19	May 2024)
P Marsh-Jenks	(Retired 14	October 2024)
Auditor	MrJonathan Rhodes BSc BFP FCA(Senior StatutoryAuditor)
	Walter Hunter & Co Limited
	Chartered accountants & statutory auditor
	24 Bridge Street
	Newport
	South Wales
	NP20 4SF
Bankers	Royal Bank ofScotland
	32-33 Commercial Street
	Newport
	Gwent
	NP20 1SS
Solicitors	Harding Evans
	Queens Chambers
	2 North Street
	Newport
	NP201TE

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Structure, governance and management

Governing Document and Constitution

Mind in Gwent is a company limited by guarantee, governed by its Memorandum and Articles of Association. The Board of Trustees holds ultimate responsibility for governance, strategic direction, and oversight, ensuring the charity operates in line with its charitable objects and within the framework established by its governing document.

Trustee Recruitment and Appointment

New Trustees are nominated by the membership and elected at the Annual General Meeting. The Board seeks to ensure that its membership collectively provides the appropriate balance of skills, knowledge, and experience required to govern the charity effectively, and to reflect the diversity of the communities it serves.

Trustee Induction and Training

New Trustees are provided with an induction pack and receive guidance from the Chief Executive Officer on their roles and responsibilities. The first Trustees' meeting of each new year includes a session on governance procedures and duties. Trustees are also offered training to reinforce their understanding of legal obligations, regulatory compliance, and best practice in charity governance.

Organisational Structure and Decision-Making

The Board of Trustees, when quorate, is the primary decision-making body of the charity and is responsible for overall governance and policy direction. Day-to-day operational management is delegated to the Chief Executive Officer and senior staff, who are accountable to the Board through regular reporting and performance oversight.

The charity's senior management team is as follows:

e David Bland - Chief Executive Officer
e Seran Davies- Director of Services e Darren Pritchard - Director of Finance and Organisational Support

To support effective governance, the Board has established two standing sub-committees operating between Board meetings under formally approved Terms of Reference:

e Finance and Organisational Support Committee - overseeing financial management, audit, internal controls, and risk management.
e Services Committee - monitoring the performance, quality, and development of services.

Each Committee comprises at least three Trustees, with the relevant Director (Finance and Organisational Support or Services) serving as an ex officio member. Appointments are made by the Board for up to three years, renewable subject to continued eligibility. Only Committee members have voting rights. In the absence of the Committee Chair or Deputy Chair, members present elect a qualified member to chair the meeting. The Chair of the Board does not chair a Committee when succession matters are under consideration.

The Major Risks to Which the Charity Is Exposed and Reviews and Systems to Mitigate Risks

The Board of Trustees is responsible for identifying, evaluating, and managing the major risks to which the charity is exposed. The Finance and Organisational Support Committee maintains and reviews the risk register on behalf of the Board, ensuring that appropriate internal controls and mitigation strategies are in place.

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Mind in Gwent

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Structure, governance and management (continued)

Mind in Gwent, like many charitable organisations delivering statutory services, is reliant on statutory funders and predominantly on grant income from trusts and foundations. The continuation and sustainability of this funding is a primary consideration. The Chief Executive Officer and Board recognise this risk and have implemented measures to mitigate it by diversifying income and exploring additional sources, including services, fundraising, and trading activities.

Following the post-merger restructure of the leadership team, the charity established a Head of Income Generation and Business Development role and committed to support investment in the fundraising team and infrastructure. These measures aim to reduce reliance on limited funding sources, though returns are expected over an 18-24 month period.

In addition to statutory and voluntary income, Mind in Gwent is the sole shareholder of a subsidiary business, Mental Health First Aid Wales (MHFAW). Trustees receive regular financial reports, and the operational plan includes measures to secure income from sources other than statutory funders or grants.

Membership of Wider Networks

Mind in Gwent is affiliated with Mind (the National Association for Mental Health), the Gwent Mental Health Alliance, the Gwent Association of Voluntary Organisations, and the Local Voluntary Sector Compact with Newport City Council. The charity has a Memorandum of Understanding to work in partnership with Caerphilly Borough Mind and engages in wider collaborative initiatives across the voluntary and community sector.

Relationships with Other Organisations

The charity works closely with other mental health organisations, including other local Mind associations and partner charities. It also collaborates with statutory and voluntary agencies such as local authorities, health boards, general practitioners, hospitals, housing and benefit agencies, social services, and the probation service. These partnerships support the delivery of cohesive, person-centred services and further the charity's objectives across the region.

Public Benefit

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.

Objectives and activities

The objects of the charity, as set out in its governing document, are:

e To promote the preservation of mental health and to assist in relieving and rehabilitating persons suffering from mental disorder or conditions of mental distress requiring advice or treatment in Wales.
e To promote the study of and research into mental health disorders and emotional or mental distress, to record and disseminate the useful results of such research to the public, and to educate the public in matters relating to mental health.

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continueg

Year ended 31 March 2025

Objectives and activities (continued)

Vision, Purpose, and Fundamentals

Vision:

We will not give up until everyone experiencing a mental health problem gets both support and respect.

Purpose:

We are Mind in Gwent.

e We connect minds - bringing people together to make change in their communities. e We support minds- delivering life-changing support. e We change minds - speaking out and demanding better from policymakers and the public.

Fundamentals:

e Our work responds to the needs and preferences of people with mental health problems. e We put people first; our work is not defined by mental health diagnoses. e We are committed to anti-racism. e We focus on supporting all people with mental health problems, regardless of age.

Strategic Goals

The strategic goals provide a framework for the charity's operational aims:

A: Staying Well - Support those most likely to develop mental health problems to stay well.

B: Empowering Choice - Enable people experiencing mental health problems to make informed choices about their lives and recovery.

C: Improving Services and Support - Ensure timely access to appropriate services and support. D: Enabling Social Participation - Facilitate full societal participation for people with lived experience. E: Removing Inequality of Opportunity - Promote equality of treatment for people experiencing multiple forms of discrimination.

F: Organisational Excellence - Maintain a thriving Mind in Gwent that provides local support and a voice for people with mental health problems.

These goals underpin the charity's operational aims, which include:

e Delivering high-quality, recovery-focused services. e Achieving positive outcomes for people with mental health problems.
e Extending services to reach a wider range of communities, backgrounds, and ages. e Increasing awareness of Mind in Gwent's services and accessibility.

Mind in Gwent - 2024/25 in context

Mind in Gwent formed on the 1st of October 2023 by the joining together of Newport Mind, Mind Monmouthshire and Torfaen and Blaenau Gwent Mind. Staff and assets from Mind Monmouthshire and Torfaen and Blaenau Gwent Mind transferred to Newport Mind which changed its name to Mind in Gwent and adopted new articles of association. Mental Health First Aid Wales the subsidiary of Torfaen and Blaenau Gwent Mind transferred to become the subsidiary of Mind in Gwent.

Although Mind in Gwent came into being towards the end of 2023 there was a significant amount of work remaining to fully complete the merger including the orderly winding down of Mind Monmouthshire and Torfaen and Blaenau Gwent Mind.

-4.

Mind in Gwent

Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Objectives and activities (continued)

The charity operates out of four main locations across Gwent.

1) Newport: 100 - 101 Commercial Street, Newport, NP20 1LU 2) Monmouthshire: Henton House, 28 Monk Street, Abergavenny, NP7 5NP 3) Torfaen: 24 George Street, Pontypool, NP4 6BY

4) Blaenau Gwent: The Phoenix Project, 107 -110 Worcester Street, Brynmawr, NP23 4JP

The new organisation came into being facing a number of challenges which required action by the Senior Leadership Team including some immediate funding challenges, embedding a new migrant service and the management structure of the charity post-merger.

During 2024/25 we undertook a review of the current management structure to ensure the new organisation was fit for purpose. Following consultation with the board of trustees, Mind in Gwent's staff and volunteers are now organised into four main service areas. Each area is led by a Head of Service role that also has a geographic responsibility for one of the regional offices. These areas receive strategic and operational support from the Chief Executive Officer, Director of Services and the Director of Finance and Organisational Support.

1 Counselling and Wellbeing (Torfaen & Blaenau Gwent lead)

2 Housing and Tenancy Support (Monmouthshire lead) 3 Children, Young People and Families (Newport lead) 4 Income Generation and Business Development

Each service area has designated managers or lead coordinators to oversee day-to-day operations and service delivery. (see the organisational chart below for further details) .

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Achievements and performance

Services

1 Counselling (Goals A, B, C, D, E, and F)

1.1 Newport

Counselling services at Newport continue to play a vital role in supporting the local community, providing accessible, self-funded counselling for both adults and young people. Clients are offered the opportunity to engage in weekly counselling sessions for up to one year, allowing for consistent, long-term therapeutic support.

Recognising the ongoing impact of the cost-of-living crisis, the service has remained committed to affordability and inclusivity. We maintained our current pricing structure, offering sessions at the standard rate of £45, alongside a lower rate of £15 for those clients who were happy (and clinically suited) to seeing a trainee counsellor.

Between April 2024 and March 2025, the counselling service delivered a total of 3,066 sessions, supporting 224 adults and 23 young people.

Local Employer

Our partnered contract with a local employer has also seen significant growth compared to the previous year. In total, 247 sessions were delivered to 20 employees, reflecting the increasing recognition of the importance of employee wellbeing and mental health support in the workplace.

Counselling Staff

This year presented some operational challenges, particularly due to staff shortages earlier in the year. However, with the appointment of a new Counselling Lead in September, the service has benefited from strengthened leadership and enhanced clinical oversight. We introduced telephone assessments for alll new referrals to better assess risk and complexity prior to allocation, ensuring that clients are matched with the most appropriate counsellor to meet their needs. Additionally, we made improvements to administrative systems, including streamlining our invoicing process to improve efficiency in managing payments and outstanding balances.

Throughout the year, we have welcomed 29 counsellors to the Newport service. This includes four qualified counsellors with specialist expertise in supporting clients with complex or high-level needs, as well as children and young people. The expansion and diversification of our counselling team has further strengthened our capacity to respond effectively to the varied needs of the community, while maintaining a high standard of professional and ethical practice.

1.2 Monmouthshire

Counselling is a ‘paid-for’ service so ensuring its long-term sustainability remains a key priority. We offer semi subsidised sessions priced between £30 to £45 per hour, delivered by two part time lead counsellors alongside team of 7 to 10 trainee counsellors.

WAS

Mind in Gwent

Company Limited by Guarantee Trustees’ Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 March 2025

Achievements and performance (continued)

Over the past year, we have reviewed and improved our internal counselling processes. This included refining our trainee induction and support procedures, conducting regular case file audits, strengthening payment checks, and improving feedback mechanisms. We have significantly reduced the time our lead counsellors spend on administrative tasks, service development, and promotion with support from our administrative team. This has enabled our counselling leads to focus more on providing mentoring support to our trainee counsellors and providing direct client support.

Partnership with CASE UK

We continue to deliver counselling services in partnership with CASE UK through the “Out of Work Service,” which offers up to six free sessions for eligible clients. Across both our core counselling service and our partnership with CASE UK, we delivered 1,510 free or subsidised counselling sessions to 247 individuals over the year.

1.3 Torfaen and Blaenau Gwent

Dan Jones Fund

Our Torfaen services continue to be supported by a long-standing and deeply valued local memorial fund, established in memory of Dan Jones, who sadly lost his life to suicide ten years ago. The Dan Jones Fund was created by his family to honour his memory and to makea positive difference to others who may be struggling with their mental health.

The fund is dedicated to supporting a locally focused counselling service that provides vital help to individuals experiencing suicidal ideation. Through this funding, local residents are able to access timely, professional counselling at a point of real need, offering them a safe space to talk, receive support, and find hope during times of crisis.

2 Wellbeing Services (Goals A, B, C, D, E, and F)

2.1 Newport

We are pleased to report that, despite challenges in funding which impacted staffing levels, the Newport Adult Wellbeing services have continued to deliver a strong and varied programme of support.

Despite staffing changes, we expanded our services to include a broad range of wellbeing activities and support options. These now encompass self-help courses, one-to-one emotional and practical support, wellbeing groups, LGBT-focused sessions, creative spaces, peer support groups, and targeted initiatives addressing fuel poverty. Together, these services have supported 783 unique individuals across 517 sessions, each tailored to enhance emotional wellbeing, social connection, and resilience within the community.

In 2024/25 we received a Heritage Grant and a Culture Grant from Newport City Council. These grants supported the delivery of a diverse range of creative and community-based wellbeing projects, offering individuals the opportunity to engage in expressive arts alongside others with lived experience of mental health challenges. Through these initiatives, participants have been able to explore creativity as a form of self-expression, build confidence, and connect with others in a supportive environment.

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continueg

Year ended 31 March 2025

Achievements and performance (continued)

The Allotment Group and other wellbeing services had been supported by a support worker role whose funding finished in this financial year. When the funding came to an end the group moved to a peersupport model. The service users who benefitted from the therapeutic and social aspects of outdoor activity were keen not to see it end and demonstrated incredible community spirit through their fundraising efforts. Collectively, the group raised £1,337.15 for Mind in Gwent, contributing directly to the sustainability of the service.

Self-help	Wellbeing	LGBT	Creative	Peer support	Fuel poverty
courses	groups		groups
Anxietyand	Choir	Chrysalis	Art project	Bereavement
Panic course				group	Peelers
LowMood	Pins and	LGBTArt	Artand Craft		Allotment
and	Needles
Depression
course
			Expressive	Over50s
			Arts
			Music	Women’s
			Exploration	group

Our Information, Assistance and Advice (IAA) service continued to focus on supporting individuals and families facing fuel poverty. The project engaged with 352 people, providing warm packs, fuel efficiency guidance, direct connections to Mind, and Newport’s mentai health services alongside signposting to financial and community resources. The project allowed us to alleviate immediate hardship those most vulnerable in our community were facing, and strengthen long-term resilience by connecting people with empowering sources of support ensuring the benefits were sustainable.

2.2 Monmouthshire

The wellbeing team in Monmouthshire is comprised of 12 paid employees (6.1 FTE), 4 volunteers and 8 student volunteer counsellors, offering both structured and responsive support. The service is underpinned by 2 administrative staff and a Wellbeing Lead.

During this period, our Wellbeing Services in Monmouthshire supported over 955 individuals, many of whom accessed more than one service.

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continue)

Year ended 31 March 2025

Achievements and performance (continued)

Given Monmouthshire’s predominantly rural geography, raising awareness of our services remains an ongoing priority. We send regular communication to local community organisations and maintain engagement with our statutory and third sector partners in addition to attending local events and networking sessions to ensure our services remain visible and accessible to those who need them.

Our Information, Advice and Assistance Service forms a key part of our wider social prescribing team and is often the first point of contact for individuals seeking support or information about local services. We provide one-to-one, face to face sessions at venues across Monmouthshire, alongside responding to enquiries via telephone and email.

Over the past year, more than 600 people accessed the service, and we responded to over 1000 issues including financial worries, support with benefits and grant applications for essential items, emotional support to prevent the escalation of mental health issues, and referrals to local services such as food banks, GPs, and domestic abuse support. We also offered guidance around mental health, including coping strategies and information to help individuals better understand their mental wellbeing.

Our Rural Information and Advice Service provides 9 hours of support each week at Raglan Livestock Market, offering information and advice to members of the farming and rural community. In the last year we have met with local NHS commissioning leads to explore partnership opportunities supporting the farming community. We have strengthened our relationship with the local district nurse outreach team, a key source of support for isolated farmers. Our main Rural Support Service came to an end in July 2024 following a 3-year funding programme via the Big Lottery.

During the last year, our rural services provided support to 90 people.

With thanks to the generosity of the East Wales and Borders Vintage Enthusiasts, we are able to offer subsided counselling session to members of the farming / allied occupations via their donation.

Social Prescribing one-to-one Support compliments our Information and Advice work by allowing a stronger focus on recovery. Funded via Chepstow, Monmouth and Abergavenny Town Councils, our one-to-one support offers time limited support to individuals to explore “what maiters to them’ in relation to their mental health.

This service supported 89 people in the last year. The role has expanded to include regular outreach at the local foodbank, connecting with those who may benefit from support.

“This service was extremely helpful to me, from getting more information about external help, finding ways of managing my physical and mental health, getting help to join a group and exercise more. | was listened to without anyjudgement. I'd definitely recommend this to other people”. Client feedback.

10 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea

Year ended 31 March 2025

Achievements and performance (continuea)

In addition to one-to-one support our staff member runs weekly ‘Walk and Talk’ sessions. We delivered over 95 Walk and Talk sessions, some in partnership with Gwent Wildlife Trust, giving people access to new opportunities and experiences.

“Meeting new people is what | enjoy most about the walk. | also enjoy the environment and being aware of the change of seasons”.

Walk and Talk participant.

Supported Self Help Adults is a part time telephone-based service funded by the Garfield Weston Foundation. We supported 106 individuals delivering over 600 sessions of supported self-help. 52% of participants chose to focus on self-help for anxiety.

Pathways of self-help during this period as follows:

----- Start of picture text -----
[Stress | Self Help Pathways Chosen___
| 4% | ies. | Anger
Grief aMe—_—— % |i
| Self Esteem \ i | Anxiety |
; 4
| 11%Depression||/ | 52% |
a Anxiety = Depression = Self Esteem
Grief = Anger = Stress
----- End of picture text -----

Individuals self-reported 71 — 79% positive improvement in their mental wellbeing using wellbeing outcome measures.*

*Short Warwick Edinburgh Mental Wellbeing Scale (SWEMWS), Generalised Anxiety Disorder-7 (GAD-7) and The Patient Health Questionnaire- 9 (PHQ-9) Random sample August 2024 — January 2025

“You have really listened and heard what | have to say and have helped me to understand myself’

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continue)

Year ended 31 March 2025

Achievements and performance (continued)

Supported Self Help for Young People at Monmouth Comprehensive School was funded through organisational reserves and grants from the Gwent Regional Partnership Board. The project aimed to equip young people aged 11-18 with coping skills, resilience, emotional understanding, and self-care abilities to help them manage the ups and downs of life. The service was delivered in school during term time and was funded until January 2025.

Our final outcome reporting showed that 94% of young people said that, “The service helped them Stay happy and healthy in their mind.”

2.3 Torfaen and Blaenau Gwent

Both Torfaen and Blaenau Gwent Wellbeing Services are delivered by the same dedicated team, operating across two sites with three days of service delivery in Brynmawr (Blaenau Gwent) and two days in Pontypool (Torfaen) each week.

A drop-in service runs from 10am—2pm, offering open access for members of the community seeking one-to-one emotional support, crisis intervention, or guidance on mental health and wellbeing.

During these sessions, service users can take part in a range of creative activities, gardening projects, supported self-help sessions, and peer-led groups designed to promote and self-reflection.

In addition to Mind in Gwent services, this year service users from the Blaenau Gwent Wellbeing Service partnered with Men’s Shed Brynmawr to create a communal outdoor area for local residents to enjoy and connect with nature.

Members of Men’s Shed designed and built a community bench, which was installed at the Brynmawr site, while Mind in Gwent service users contributed by designing and producing a mosaic mural and landscaping the surrounding green space. This partnership enhanced the local environment and provided participants with opportunities for creativity, teamwork, and pride in contributing to a community-led project.

Both the Torfaen and Blaenau Gwent services delivered ‘Warm Space’ initiatives during the winter months. This enabled us to open our doors to the wider community, offering free activities, warm packs, and accessible food provisions within a welcoming and heated environment. These sessions provided vital relief during the winter months, helping individuals to stay warm and supported through the costof-living challenges faced by many in our local communities.

3 Housing and Tenancy Support (Goals B, C, D, and F).

3.1 Newport and Monmouthshire

3.1.1 The Housing and Tenancy Support service encompasses the following projects under the Wales Housing Support Grant (HSG), previously known as Supporting People.

e Housing and Tenancy Support (Newport)
e Tenancy and Supported Living (Monmouthshire) e Migrant Service (Newport)
e Welfare Rights Service (Monmouthshire) e Preventions Service (Newport)

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Mind in Gwent Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continued) Year ended 31 March 2025 Achievements and performance (continued)

Each of the local authorities fund the areas where they have jurisdiction with their own reporting schedules, recording documentation, and staffing structures.

3.1.2 Mind in Gwent continues to fulfil contractual agreements to (HSG). This is a Welsh Governmentfunded programme that provides vital housing-related support to help people live independently and avoid homelessness. It brings together several previous funding streams into a single grant given to local authorities, who then commission services for a wide range of vulnerable groups-including those who are homeless or at risk of homelessness, people with mental health issues, young people, victims of domestic abuse, and others in need of support to maintain stable housing. The HSG funds nonaccommodation-based support such as help with managing tenancies, budgeting, accessing services, and developing life skills, aiming to prevent housing crises and promote long-term independence

3.1.3 Feedback from Commissioners and Stakeholders has continued to be positive, improving on the response times to contact non-urgent cases within three days. Trials in Monmouthshire of holding a ‘waiting list’ of clients where low level, non-face-to-face support is given has proved successful and hours have been allocated by Monmouthshire County Council to cover the costs.

3.1.4 Support in general is delivered to meet the requirements of the beneficiary. Support is primarily delivered face-to-face, but use of apps such as WhatsApp, Messenger, Teams, and Zoom are also used to ensure consistency of support. Face-to-face support is delivered in community settings (libraries, service partner offices), the various Mind in Gwent offices throughout Gwent, and also in the client's own homes, or in Mind in Gwent managed Supported Living accommodation. 3.1.5 All support is tailored to the needs of the recipient and a full assessment of need, risk management plan, and clear goal setting is implemented at the start of support. This is monitored throughout the recipients’ support journey where reflective practice is encouraged to measure successes and further support required.

3.1.6 Over 34,968 hours of support has been carried out over the period 2024-2025 through 1:1 support sessions.

3.1.7 In January 2025 a staffing restructure saw the removal of the Operations Manager roles within each of the three separate locations of Mind in Gwent with the roles replaced with Heads of Service. The Head of Service for Housing and Tenancy Support has responsibility for all HSG funded projects within Greater Gwent, along with management responsibility for the offices in Monmouthshire.

3.1.8 A new role was approved for a Housing Officer to be based in the Newport Supported Living houses to oversee compliance in housing legislation, ensure repairs are reported and completed, rent arrears addressed at an early stage, look for the most financially beneficial deals for utilities, and separate the housing role from support. The role is fixed-term until 31st March 2026, but will be reviewed at the end of January 2026 to assess potential for this to become an ongoing position within Mind in Gwent.

3.1.9 A member of staff has been trained in PAT testing and equipment purchased to reduce costs associated with electrical testing and compliance. The staff member has worked across all three locations providing cost savings.

3.2 Mind in Gwent owns a two-flat property, and have management agreements with Hedyn, (previously Melin), Pobl (soon to be rebranded as Codi), and Monmouthshire Housing Association to enable the accommodation of up to 56 individual adults who are deemed vulnerable and require support to move forward into independent living.

13 -

Mind in Gwent

Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 March 2025

Achievements and performance (continued)

3.2.1 Welfare Rights is a bespoke service offering support from benefit enquiries, form filling, and benefits advice, through to completion of mandatory reconsiderations when an individual has been refused benefits. On occasion when a mandatory reconsideration has been upheld, the Welfare Rights Officer will attend court at tribunal stage and advocate for the client, completing all paperwork. To 31st March 2025, all cases dealt with at tribunal level have been won. In the current reporting period, 267 individuals received support with over £472,000 of grants and back-dated benefits awarded. Added to this is £2.5 million, (this figure is based on a three-year calculation as this is the average an award is given) in Universal Credit, Personal Independent Payments, Attendance Allowance and alternative legacy benefits.

3.2.2 Mind in Gwent was unsuccessful in obtaining a bid for supported housing in Torfaen to provide housing for individuals with complex needs, but we continue to submit bids with the aim of expanding housing and housing support services into Blaenau Gwent and Torfaen.

3.2.3 The Migrant Service has grown and comprises four support workers and one coordinator who between them speak ten languages, (English, Kurdish, Paresis, Romanian, Slovakian, Spanish, Greek, Turkish, Egyptian, and Ukrainian). This has been vital when aiding people with settled status to integrate into the area and be informed of their rights.

3.2.4 Over the coming 12 months, Mind in Gwent will continue to review housing services and build on the provision currently offered. A particular focus is to expand supported housing within the counties of Blaenau Gwent, and Torfaen. Tenders will be applied for as and when they arise. There is a need for support services in these areas and Mind in Gwent has the experience and drive to offer quality delivery.

3.2.5 Mind in Gwent will also actively seek out tenders for provision of supported living services to Children and young people aged 16-24(CYP). The aim is to use the expertise of both the CYP and Housing teams to create a safe living environment for young people where they can learn and develop the skills needed to live independent and fulfilled lives.

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Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Achievements and performance (continueq)

4 Children, Young People & Family Service

4.1 Family Wellbeing & Resilience Service (FWRS)

The project has continued to deliver one-to one support to our young people as this is the young people's preference. We offer six Wellbeing & Resilience sessions.

In our one-to-one delivery we offer flexibility to facilitate our young people to access resources from our Family Wellbeing and Resilience provision through community settings, home visits, schools, colleges, university, online, phone calls, texting, emailing, walks, and talk's sessions.

We have continued to deliver the Wellbeing and Resilience group (Rolling programmes) for 7-11 year olds and offer Bounce (wellbeing) and Emotional Based School Avoidance (EBSA) parenis/ caregiver two hours peer support group once a month during the day. This group has enabled extra peers support outside the monthly group sessions as some of the parents/ caregivers have exchanged contact details and have set-up a What's App group.

----- Start of picture text -----
Number of Number of | People-
families sessions hours
receiving
support
1413
----- End of picture text -----

Number of children and young people attending groups — 249
— Number of parent/carers attending groups — 98
Number of families & young people non-Engagement — 23
Number of families & young people Opt-out — 35
— Number of families & young people transferred to other services e.g.: BOOST, piece by piece & CAMHS -— 6

The project facilitates a Community of Practice (CoP) group, which has been established to provide a safe space to share individual skills, knowledge, lived experience and highlight any concerns regarding the gaps in services within Newport. This also provides an opportunity to establish partnership working, or collaboration in service delivery where we are using similar language/ approaches. To enable our families and young people to access our services easier. Positive outcomes of this includes the development of the SPACE wellbeing referral form to include the young persons voice.

15 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Achievements and performance (continued)

4.2 Wellbeing Ambassadors

The Wellbeing Ambassador project trained 18 new Wellbeing Ambassadors across Gwent during this reporting period as part of our funding to roll out the project to young people in Torfaen, Blaenau Gwent and Monmouthshire as well as Newport, in line with the newly merged Mind in Gwent.

Project activities included:

We consulted with 12 young people across Gwent in order to understand the barriers to volunteering that they experience, to factor these into our recruitment strategies.
Delivered 5 ‘Community of Practice’ sessions to professionals within the local communities we were working in as well as the Mind network in Wales, including 36 professionals overall.
- Delivered content creation training to a new group of volunteers interested in running the podcast.

The Wellbeing Ambassador's Governance pathway went through some changes in structure due to two of our young people now being members of the Board of Trustees at Mind in Gwent. This new element of the governance structure for young people meant that we changed our Youth Voice group to an open opportunity for Wellbeing Ambassadors where we discussed organisation wide matters. We coproduced a new structure for the project where Mentors would support the volunteers on an area basis rather than a pathway basis.

4.3 Mind Our Future Gwent

The project employed 11 young people as peer service designers during the reporting period, 9 of whom took part in a residential trip to Amelia Trust Farm where they completed activities and developed ideas for the project going forward.

During this reporting period the project has moved from testing prototype projects to running three of the projects at full capacity.

These projects are:

Keep in Mind Gwent Instagram account
- Engagement project which facilitates young people and staff members to attend events to engage with stakeholders to increase the involvement of youth voice in mental health services
Training project which delivers a youth created training package to professionals and young people around talking about mental health.

The Keep in Mind Instagram account has nearly 300 followers, and continues to post content created by young people with a focus on providing quality information about wellbeing & support available across Gwent. This content is reviewed and posted by our project partners at Promo Cymru.

The material for the training project has been created by the Peer Service Designers, in keeping with the project's values of co-production and championing young person voice. The team are currently planning the delivery of this package to both professionals working with young people and young people across Gwent. This will begin with a trial run to Mind staff and volunteers.

4.4 Piece by Piece

The Piece-by-Piece project was funded by the Police Crime Commissioner Community fund from April 2024-March 2025. It supported young people across Newport between the ages of 10-17 and their families.

16 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Achievements and performance (continued)

The project delivered one-to-one trauma informed sessions for young people, one-to-one sessions for parent/caregivers, and joint restorative sessions for young people and their parent/caregiver. The project had one member of staff who was responsible for all aspects of project delivery.

35 young people received one to one support from April 2024-March 2025, which including— 19 males 15 females 1 non-binary young person 11 parents/caregivers have also received both one-to-one support sessions and family restorative sessions.

Of young people supported - 17% have been a perpetrator of crime 42% have been a victim of crime 40% havea history of anti-social, aggressive or defiant behaviours

4.5 Whole School Approach/BOOST

Newport City Council reduced the funding that it provided to the project due to the availability of funding from Welsh Government, notably from Covid recovery funding, Newport City Council continued to provide funding for the Emotionally Based Schools Avoidance project (EBSA).

Funding continued to be provided for mental health practitioners 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.

|Number of|Numberof||Number of|| People -|Total| |---|---|---|---|---| |attendances|sessions|different|hours|length of| |||people||work| |||||records| |2333|1114||2210:20|1052:40|

4.6 Children, Young People & Families (CYPF) Service Manager

This role is responsible for line management of the coordinators on CYPF projects and contributes to the ongoing sustainability of services across Gwent as part of the Minds in Gwent merger, supporting the overall Mind strategy.

The role has over the financial year e Provided supervision and support to the managers/coordinators of the Children, Young People & Families (CYPF) Services.
° Managed risk to the organisation by overseeing all CYPF services and ensuring that all policies/ 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 and the SPACE Wellbeing Panel.
° Acted as a central point for managing safeguarding practice within Mind in Gwent, supporting managers/ coordinators of the CYPF team to ensure best practice standards beyond basic induction training.

-17-

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continue)

Year ended 31 March 2025

Achievements and performance (continued)

° Lead on strategy for the CYPF team at Mind in Gwent, linking with the National Mind Strategy golden thread for CYP work.
° Provided support during the merger to colleagues across Mind in Gwent, sharing knowledge and experience of implementing services and developing relevant policies and procedures and to roll out the Wellbeing Ambassador project.
° Identified opportunities and sourced funding for CYPF services for Mind in Gwent.

4.7 Supporting Young People, with a Focus on Trauma

We have delivered the Piece by Piece project and have focused on capturing the impact and reach of this project, to inform funding applications for sustainable funding for this work. We have 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.

Through a dedicated role funded by National Mind, Mind in Gwent was involved in the development of a Trauma Informed Toolkit for working with young people. The toolkit was co-produced with young people from the Wellbeing Ambassador project and the Shout Out group.

The toolkit will form the basis for mandatory training for the children, young people and family team.

Who is using our services?

Mind in Gwent’s vision is to offer support and respect to everyone experiencing mental health problems. In 2023/24 we supported individuals across our communities in Gwent who accessed a range of different mental health provision according to their needs.

----- Start of picture text -----
||||| |---|---|---|---| |individuals| |TOTAL|NUMBER OF|SERVICE|USERS|

----- End of picture text -----

5 Facilities

5.1 Newport

2024 saw the completion of building renovations to Mind in Gwent's offices on Commercial Street in Newport. The first floor renovations included a new training room, activity room, one-to-one meeting spaces for counselling and a sanctuary space.

5.2 Monmouthshire

The Mind in Gwent team in Monmouthshire deliver the majority of our services from our base at Henton House, Monk Street, Abergavenny, with additional counselling space at premises on Cross Street.

18 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continued)

Year ended 31 March 2025

Achievements and performance (continued)

5.3 Torfaen and Blaenau Gwent

Our Pontypool office continues to operate as a shared space, housing several local organisations that rent office facilities and collaborate to provide a wide range of wellbeing and community services. Current tenants include Stori Cymru, the Aneurin Bevan Health Board Counselling Service, and Mental Health First Aid Wales. This shared environment has fostered valuable cross-agency connections, encouraging joint working and a coordinated approach to supporting local residents' mental health and wellbeing.

Our Brynmawr site in Blaenau Gwent also benefits from a collaborative setting. The premises are shared with an alternative education programme that supports young people who face challenges within mainstream education.

6 Central Team (core functions)

The Director of Finance oversees IT, Facilities Management, HR administration, and Caretaking services.

6.1 Regular risk assessments have been conducted and reviewed throughout the year, focusing on safe working practices, managing building occupancy, and ensuring compliance with relevant Health and Safety guidelines.

6.2 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 identifying and implementing cost-saving measures where feasible.

6.3 Central Team staff costs are partly funded through existing grants and contracts. Any shortfalls are covered by unrestricted income, such as revenue from housing.

7 Income Generation and Business Development

7.1 Challenges post-merger. Following the merger there are a number of areas which require attention, not least the consolidation of the charity's income generation and business development function across the three legacy charity areas.

The legacy charities all had different systems, processes and resources to manage their fundraising. This has meant that tracking and reporting on voluntary income is disjointed. The board of trustees were consulted and were clear that they wanted a specialist ‘Head of role to sit alongside the new Heads of Service roles to unify income generation across all the areas in Gwent, bring a strategic focus to the work, and consolidate existing systems and processes centrally.

The SLT and board of trustees recognised that alongside the recruitment of a new Head of Income Generation and Business Development to look at the structure and strategy for income generation, they would also need to invest in technology to support that function. This would likely include a new Customer Relationship Management database to manage donor transactions and for stewarding relationships with donors, the consolidation of third party fundraising platforms, a new website and rebranded social media platforms. This work, alongside the recruitment of the new Head of Income Generation has been planned for 2025/26.

19 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

Achievements and performance (continued)

The recruitment of a new Head of Income Generation and Business Development and a dedicated full time Community Fundraising Coordinator was agreed to support the existing part-time Trusts and Grants Fundraising Coordinator and Social Media, Communications and Digital Coordinator. The roles were advertised at the end of Q4 and staff were recruited into those roles for Q1 2025/26.

7.2 Voluntary Income (Fundraising)

7.3 Trust and Grants: The charity relies on grant aid from the donors identified in the accounts, whose support is valued. Mind in Gwent employs a part-time Trusts and Grants Coordinator. In 2024/25 we secured £110,824 of grant income to support our work.

7.4 Community Fundraising: Since the merger, the three geographic areas of operation have continued to receive support and funding from the communities where they are active, but predominantly this has been a reactive income stream. The Community Fundraising role was being covered part-time by the Trusts and Grants Coordinator for FY2024/25. The investment in a new dedicated Community Fundraiser role alongside the new Head of Income Generation to help drive the strategy is expected to bring increased returns in 2025/26 and onwards. In 2024/25 Community Fundraising (which includes individual giving and events) raised £57,261.

7.5 Legacies: In July 2024 we were very grateful to receive notification of a legacy from the estate of Mr Reginald Watson who left £87,500 for the support of disadvantaged individuals and organisations in South Wales.

7.6 Trading income (Training)

Mind in Gwent offers a range of different training products around mental health and wellbeing. These fall broadly into two categories:

i) National Mind Accredited training

Mind in Gwent is one of only two Local Mind Associations in Wales who are qualified and accredited to deliver National Mind training products. As part of the Mind network we receive training enquiries from National Mind to deliver Mind Accredited training to businesses and individuals. This is a premium training product and we deliver these courses either online or face to face depending on the needs / wishes of the client. Delivery of these products is limited to those Local Minds that have Mind accreditation and as such we are not limited to our local geography.

ii) Mind in Gwent training

These are mental health and wellbeing training products developed at Mind in Gwent for delivery to individuals and businesses in the Gwent area. As a condition of our membership of Local Mind Association we are limited in the delivery of these products to our own area of operation to avoid clashing with services offered by other Local Minds.

In 2024/25 Mind in Gwent delivered £59,800 worth of training externally, in addition to internal training for staff and volunteers (with an estimated value of approximately £20,000). The Head of Income Generation and Business Development will have line management responsibilities for training and will be asked to review the marketing and sales strategy for 2025/26.

20 -

Mind in Gwent

Company Limited by Guarantee Trustees' Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 March 2025

Achievements and performance (continued)

7.7 Investments: Investment performance achieved against investment objectives set. Investment income disclosed in the accounts is interest received on the charity's bank accounts. The charity has no other investments.

7.8 Other income generation activities

The proposed development of the premises at Commercial Street in Newport provides the opportunity to develop a number of revenue streams. We are currently exploring potential for a social enterprise on the ground floor (potentially a café/ drop-in), paid for services, room hire and supported the accommodation on the third floor. The improvement works completed in 2023/24 allowed for lift access to the third floor and the potential to develop accommodation units on that floor. The timescales on the funding for developing the building and the actual development of the building means that we are looking at this as a longer term investment and building this into operational objectives and future plans.

We are also exploring opportunities to develop our George Street property in Pontypool. We currently own one half of the George Street site with the remainder of the building owned bya third party and currently leased to us. We are looking at opportunities to either acquire and develop the remainder of the building with a view to expanding our commercial letting business, and look at improvements to the site to expand our service delivery including provision for counselling and training spaces.

We have a long term lease at our building in Brynmawr and are looking at improvements to the space there to improve our wellbeing, counselling, and community services as well as offering commercial opportunities to other tenants and commercial space hire.

Financial Review

8 Finances and Budgets

8.1 Finances Mind in Gwent currently has total reserves of £2,920,664 At the end of 2024 - 2025.

8.2 Reserves The reserves policy has been updated to allow for significant investment in the building and is based on 3 months running costs as opposed to six months. The Trustees have indicated that over time the organisation should return to having reserves to reflect six months running costs.

8.3 Reporting Mind in Gwent Trustees continue to receive 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 Trustees to exercise their financial responsibilities. The report was developed within the financial year to include forecasting. In addition, a cash flow forecast is now produced monthly for Board oversight as well as to assist senior managers on decision making

8.4 Budgets A budget has been set for all services currently provided in line with the funding provided and contractual obligations.

9. Factors Relevant To The Achievement Of The Charity's Objectives

9.1 Most of the organisation's income is currently received in the form of grants or contracts which are the subject of service level agreements or other restrictions 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.

24 -

Mind in Gwent

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 March 2025

Financial Review (continued)

10 Policies on reserves

10.1 Over the years the charity has sought to achieve reserves of:-

40.2 Six months continuation of service 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 service which is £823,069.

10.3 Redundancy payments for staff should the charity cease to continue to provide an individual service or ceases to provide any services £234,822, calculation does not include payments in lieu of notice as the financial situation means that the organisation will provide notice instead of pay.

10.4 Pump Priming’ of new projects to allow emergency funds, pending new funding being arranged £10,000.

10.5 The total figure required would be £1,067,891

10.6 The Trustees have indicated that over time the organisation should return to having reserves to reflect six months running costs.

10.7 Restricted Reserves

10.7.1 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:

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |10.7.2|||Monmouthshire|County|Council|£502,752| |10.7.3|| Newport|City|Council|Families|First|Project|£177,254| |10.7.4|| Newport|City|Council|Housing|Support|Grant|£599,632| |10.7.5|| Newport|City|Council|Social|Services SLA|£90,837| |10.7.6|| Promo|Cymru/National|Lottery|— Mind|Our Futures|£60,000|

----- End of picture text -----

10.8 A detailed analysis is shown in note 2 to the accounts.

11 The charity also received rental income in respect of its housing projects of £874,204 (2024: £690,321).
12 All sources of funding were expended to meet the charity's objectives to support and inform people with mental health problems.
13 Availability and adequacy of assets of each of the funds
13.1The board of Trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

14 Transactions and Financial position

14.1 The group and charity financial statements are set out on pages 30 to 69.

-22-

Mind in Gwent

Company Limited by Guarantee

Trustees' Annual Report (Incorporating the Director's Report) (continueg)

Year ended 31 March 2025

Financial Review (continued)

14.2 The Consolidated Statement of Financial Activities show net incoming resources for the year of a revenue nature £3,729,357; charity £3,201 ,964 (2024: group: £3,405,882; charity: £2,832,119).

14.3 The consolidated total reserves at the year-end stand at £3,118,019; charity £2,920,664 (2024: group £3,204,253; charity: £3,006,898).

15 Specific changes in fixed assets

15.1 Changes in fixed assets are shown in detail in the note 12 to the accounts.

~ 23 -

Mind in Gwent

Company Limited by Guarantee

Trustees’ Annual Report (Incorporating the Director's Report) (continuea)

Year ended 31 March 2025

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:

e — select suitable accounting policies and then apply them consistently;
e observe the methods and principles in the applicable Charities SORP;
e make judgments and accounting estimates that are reasonable and prudent;
e state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
e prepare the financial statements on the going concern basis unless it is inappropriate 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 financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditor

Each of the persons who is a trustee at the date of approval of this report confirms that:

° so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware; and
e 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 3 December 2025 and signed on behalf of the board of trustees by:

N Thorneycroft - Chair L Parfitt Trustee Trustee

24 -

Mind in Gwent Company Limited by Guarantee Independent Auditor's Report to the Members of Mind in Gwent

Year ended 31 March 2025

Opinion

We have audited the financial statements of Mind in Gwent (the ‘parent charitable company’) and its subsidiaries (the ‘group’) for the year ended 31 March 2025 which comprise the consolidated and parent statement of financial activities (including income and expenditure account), the consolidated and parent statement of financial position, the consolidated 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 Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

e give a true and fair view of the state of the group and parent charitable company affairs as at 31 March 2025 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 with United Kingdom Generally Accepted Accounting Practice;
° have been prepared in accordance with the requirements of the Companies Act 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 auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company 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 auditing 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 performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the groups or parent charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

25 -

Mind in Gwent

Company Limited by Guarantee

Independent Auditor's Report to the Members of Mind in Gwent (continued)

Year ended 31 March 2025

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form 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 information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, 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 audit:

e the information given in the trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
e the trustees’ report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group or parent charitable company 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 Act 2006 requires us to report to you if, in our opinion:

e adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
e _ the financial statements are not in agreement with the accounting records and returns; or
e certain disclosures of trustees’ remuneration specified by law are not made; or
e we have not received all the information and explanations we require for our audit.
26 -

Mind in Gwent

Company Limited by Guarantee Independent Auditor's Report to the Members of Mind in Gwent (continueg)

Year ended 31 March 2025

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and 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 groups or parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's 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 to 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 always 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 with laws and regulations. We design procedures in line with our responsibilities, 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 relating to tax and compliance

¢ By obtaining an understanding of the company's policies and procedures on compliance with laws and regulations, and with best accounting practice

¢ Noting issues discussed with Directors and the Senior Management Team as this relates to risks faced by the company

¢ Reviewing information received from the company's solicitors, if 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 appropriateness 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 (continueg)

Year ended 31 March 2025

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

e Identify and assess the risks of material misstatement 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, misrepresentations, 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 internal control.
° Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
e 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 charity's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future 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 whetherthe financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
28 -

Mind in Gwent

Company Limited by Guarantee

Independent Auditor's Report to the Members of Mind in Gwent (continueq)

Year ended 31 March 2025

We communicate with those charged with governance 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 audit.

Use of our report

This report is made solely to the charity'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 auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's members as a body, for our audit work, for this report, or for the opinions we have formed.

J Rlodes

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

3 December 2025

29 -

Mind in Gwent

Company Limited by Guarantee

Consolidated Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |Unrestricted|Restricted| |funds|funds|Totalfunds|Total|funds| |Note|£|£|£|£| |Income|and|endowments| |Donations|and|legacies|5|139,120|~|139,120|60,099| |Charitable|activities|6|885,798|1,936,181|2,821,979|2,628,749| |Other trading|activities|7|759,571|-|759,571|711,216| |Investment|income|8|8,687|—|8,687|5,818| |Total|income|1,793,176|1,936,181|3,729,357|3,405,882| |Expenditure| |Expenditure|on|raising|funds:| |Costs|of other trading|activities|9|703,332|-|703,332|700,552| |Expenditure|on|charitable|activities|10,11|1,162,036|1,950,223|3,112,259|2,859,118| |Total|expenditure|1,865,368|1,950,223|3,815,591|3,559,670| |Tax on|Profit|in|subsidiary|-|—|-|2,266| |Net|(expenditure)|(72,192)|(14,042)|(86,234)|(156,054)| |Transfer|between|funds|(20,040)|20,040|-|-| |Transfers|from|merged|charities|-|-|-|1,589,138| |Net movement|in|funds|(92,232)|5,998|(86,234)|1,433,084| |Reconciliation|of funds| |Total funds|brought|forward|2,790,642|413,611|3,204,253|1,771,169| |Total funds|carried|forward|2,698,410|419,609|3,118,019|3,204,253|

----- End of picture text -----

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

On 30 September 2023 the assets, liabilities and activities 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 only are restricted 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.

The notes on pages 35 to 69 form part of these financial statements. - 30 -

Mind in Gwent

Company Limited by Guarantee Charity Statement of Financial Activities (including income and expenditure account)

Year ended 31 March 2025

			2025		2024
		Unrestricted	Restricted
		funds	funds	Totalfunds	Total funds
	Note	£	£	£	£
Income and endowments
Donations and legacies	5	196,808	-	196,808	101,690
Charitable activities	6	885,798	1,936,181	2,821,979	2,628,749
Other trading activities	7	176,367	-	176,367	97,704
Investment income	8	6,810	-	6,810	3,976
Total income		1,265,783	1,936,181	3,201,964	2,832,119
Expenditure
Expenditure on raising funds:
Costs ofothertrading activities	9	175,939	-	175,939	131,562
Expenditure on charitable activities	10,11	1,162,036	4,950,223	3,112,259	2,859,118
Total expenditure		1,337,975	1,950,223	3,288,198	2,990,680
Net (expenditure)		(72,192)	(14,042)	(86,234)	(158,561)
Transfer between funds		(20,040)	20,040	-	-
Transfers from merged charities		-	_	-	1,394,290
Netmovement in funds		(92,232)	5,998	(86,234)	1,235,729
Reconciliation offunds
Total funds broughtforward		2,593,287	413,611	3,006,898	1,771,169
Totalfundscarriedforward		2,501,055	419,609	2,920,664	3,006,898

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 35 to 69 form part of these financial statements.

-31-

Mind in Gwent

Consolidated Company Limited by Guarantee

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£	£	£
Fixed assets
Tangible fixed assets	17		2,545,844	2,498,937
Current assets
Stocks		27,007		28,559
Debtors Cash at bank and in hand	19	356,796 842,284		463,556 1,001,510
		1,226,087		1,493,625
Creditors: amounts falling due within oneyear	20	418,210		405,989
Net current assets			807,877	1,087,636
Total assets less current liabilities			3,353,721	3,586,573
Creditors: amounts falling due after more than
oneyear	21		235,702	382,320
Net assets			3,118,019	3,204,253
Funds ofthe charity
Restricted funds			419,609	413,611
Unrestricted funds			2,698,410	2,790,642
Totalcharityfunds	24		3,118,019	3,204,253

These financial statements were approved by the board of trustees and authorised for issue on 3 December 2025, and are signed on behalf of the board by:

Wil fost N Thorneycroft - Chair L Parfitt Trustee Trustee

The notes on pages 35 to 69 form part of these financial statements.

Mind in Gwent Charity Company Limited by Guarantee

Statement of Financial Position

31 March 2025

		2025		2024
	Note	£	£	£
Fixed assets
Tangible fixed assets	17		2,539,310	2,492,402
Investments	18		2	2
			2,539,312	2,492,404
Current assets
Debtors	19	335,860		439,395
Cash at bank and in hand		611,356		755,474
		947,216		1,194,869
Creditors: amounts falling due within one year	20	330,162		298,055
Net current assets			617,054	896,814
Total assets less current liabilities			3,156,366	3,389,218
Creditors: amounts falling due after more than
one year	21		235,702	382,320
Net assets			2,920,664	3,006,898
Funds ofthe charity
Restricted funds			419,609	413,611
Unrestricted funds			2,501,055	2,593,287
Totalcharityfunds	24		2,920,664	3,006,898

These financial statements were approved by the board of trustees and authorised for issue on 3 December 2025, and are signed on behalf of the board by:

N Thorneycroft - Chair L Parfitt Trustee Trustee

The notes on pages 35 to 69 form part of these financial statements.

33 -

Mind in Gwent

Company Limited by Guarantee

Consolidated Statement of Cash Flows

Year ended 31 March 2025

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Cash|flows|from|operating|activities| |Net|(expenditure)/income|(86,234)|1,433,084| |Adjustments|for:| |Transfer|of assets|-|(594,680)| |Stock|(1,552)|(28,559)| |Depreciation|of tangible|fixed|assets|85,124|78,523| |Other|interest|receivable and|similar|income|(8,687)|(5,818)| |Interest|payable|and|similar|charges|31,942|38,465| |Accrued|income|(24,836)|91,671| |Changes|in:| |Trade|and|other|debtors|60,412|(238,144)| |Trade|and|other|creditors|21,522|134,532| |Cash|generated|from|operations|77,691|909,074| |Interest|paid|(31,942)|(38,465)| |Interest|received|8,687|5,818| |Net cash|from|operating|activities|54,436|876,427| |Cash|flows|from|investing|activities| |Purchase|of tangible|assets|(132,031)|(314,658)| |Net cash|used|in|investing|activities|(132,031)|(314,658| |Cash|flows|from|financing|activities| |Proceeds from|borrowings|(81,631)|(74,366)| |Net|cash|used|in|financing|activities|(81,631)|(74,366)| |Net|(decrease)/increase|in|cash|and|cash|equivalents|(159,226)|487,403| |Cash|and|cash|equivalents|at|beginning|of year|1,001,510|514,107| |Cash|and|cash|equivalents|at|end|of year|842,284|1,001,510|

----- End of picture text -----

The notes on pages 35 to 69 form part of these financial statements.

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The charity is a public benefit entity and a private company limited 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, Newport, Gwent, NP20 1LU.

2. Statement of compliance

These financial statements have been prepared in compliance with 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 Ireland (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 currency of the entity, rounded to the nearest pound.

Going concern

There are no material uncertainties about the charity's ability to continue.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, 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 future events that are believed to be reasonable under the circumstances.

35 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 March 2025

Accounting policies (continued)

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 charity. Such funds may be held in order to finance both working capital and capital investment.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

Any proposed transfer between funds would be considered on the particular circumstances.

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

e Income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
e Legacy income is recognised when receipt is probable and entitlement is established.
e 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 recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
e Income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

Resources expended

Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

Expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.

Expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

36 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2025

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 to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Income tax

As a registered charity, the charity is exempt from income tax to the extent that its income and gains are applicable to charitable purposes only. Value added tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of Financial Activities.

Operating leases

Lease payments are recognised as an expense over the lease term ona straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Improvements to property - 2% p.a. straight line Housing equipment - 33% p.a. straight line Head office equipment - 20% to 33% p.a. straight line

impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each 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 its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

37 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

3. Accounting policies (continued)

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

4. Limited by guarantee

The charity is incorporated under the Companies Act 2006 and is limited by guarantee, each member having undertaken to contribute such amounts not 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 within one year thereafter.

There are 9 members of the company (2024: 6).

Donations and legacies

Group	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Donations	51,620	-	51,620
Legacy	87,500	—	87,500
	139,120	-	139,120
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	£
Donations	60,099	-	60,099
Legacy	-	—	—
	60,099	-	60,099

38 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueq)

Year ended 31 March 2025

5. Donations and legacies (continued)

Charity						Unrestricted Funds	Restricted Funds	Total	Funds 2025
						£	£		£
Donations						51,620	-		51,620
Donations	received	from	MHFAWales	(NOTE	29)	57,688	-		57,688
Legacy						87,500	-		87,500
						196,808	-	196,808
						Unrestricted	Restricted	Total	Funds
						Funds	Funds		2024
						£	£		£
Donations Donations	received	from	MHFAWales	(NOTE	29)	60,099 41,591	- -		60,099 41,591
Legacy						-	-		-
						101,690	-	101,690

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

39 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2025

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |6.|Charitable|activities| |Group|and|Charity|Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |£|£|£| |Rental|income|(including|Housing|Benefit)|874,204|-|874,204| |MONMOUTHSHIRE| |Abergavenny Town|Council|-|15,000|15,000| |Case|UK Active|Monitoring|-|15,997|15,997| |Chepstow Town|Council|=|15,000|15,000| |Garfield|Western|Foundation|-|17,665|17,665| |GAVO|-|13,338|13,338| |Gwent|Dementia|Grant|-||-| |Mind|Active|Monitoring|-|-|-| |Monmouthshire|County|Council|Housing|Support|Grant|-|463,881|463,881| |Monmouthshire|County|Council|Contract|-|38,871|38,871| |Monmouth|Town|Council|Rural|Project|Funding|-|9,000|9,000| |Monmouth|Town|Council|-|15,000|15,000| |Moondance|Foundation|-|18,000|18,000| |Rhondda|Cynon|Taff County|Council|11,594|-|11,594| |NEWPORT| |Children|in|Need|-|Youth|Social|Action|fund|3|=|a|a| |Co|-|op|-|-|-| |Co op Allotment|grant|-|1,343|1,343| |Comic|Relief|-|Piece|by|Piece||16,979|16,979| |CYP|Wellbeing Ambassadors|Project|-|-|-| |First|Give|Grant|-|1,000|1,000| |Gabor|Nagy|St|Martin|-|-|-| |GAVO|-|3,600|3,600| |Mind|- CYP Trauma|Strategy|Fund|-|20,000|20,000| |Mind|-|Support|with|merger|-|—|-| |Mind|Active|Monitoring|-|-|-| |Mind|Cost|of|Living|-|9,619|9,619| |Mind|Expert Advisory|panel|a|a|=| |Mind|Lived|Experience|&|Equality|Project 9|-|6,000|6,000| |Mind|Money|and|Me|-|-|-| |Mind|Wellbeing Advisors|-|Children|and Young|People|-|12,607|12,607| |National|Grid|Warm|Community|Matters|-|=|-| |Natural|resource|Wales|-|11,624|11,624| |Newport|City|Council|-|Families|First|-|177,254|177,254| |Newport|City|Council|-|Housing|Support|Grant||599,632|599,632| |Newport|City|Council|-|Skills|training|and|wellbeing|90,837|90,837| |Newport|City|Council|--Our Community’|—|27,000|27,000| |PCC|Police|Community|Fund|-|Piece|by|Piece|-|41,187|41,187| |Promo-|Cymru|/National|Lottery|- Mind|Our|Futures|-|60,000|60,000| |Ted|Senior|Foundation|-|16,316|16,316| |Vicars|relief fund|-|865|865| |WCVA -|Landfill|Disposals Tax Communities|Scheme|—|10,000|10,000| |WCVA - Wellbeing Ambassadors|-|44,952|44,952| |Welsh|Government|SVYWO||40,748|40,748| |Whole|School Approach|-|56,768|56,768|

----- End of picture text -----

40 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

----- Start of picture text -----
|||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |6.|Charitable|activities|(continued)|Unrestricted|Restricted|Total|Funds| |Funds|Funds|2025| |Group|and|Charity|£|£|£| |TORFAEN and BLAENAU GWENT| |Aneurin|Bevan|University|Health|Board Active|Monitoring| |Torfaen||16,000|46,000| |Blaenau|Gwent|Council|-|1,000|1,000| |Blaenau|Gwent|County|Borough|Council|-|Day|Services|-|37,140|37,140| |GAVO|—|-|-| |Mind|supported|self|help|Wales|consortium|||a| |TGCBC|Communities|for Work|-|-|-| |Torfaen|County|Borough|Council|-|11,958|11,958| |Torfaen|Voluntary Alliance|-|-|-| |885,798|1,936,181|2,821,979| |Group|and|Charity|Unrestricted|Restricted|Total|Funds| |Funds|Funds|2024| |£|£|£| |Rental|income|(including|Housing|Benefit)|690,321|-|690,321| |MONMOUTHSHIRE| |Abergavenny|Town|Council|-|10,000|10,000| |Case|UK Active|Monitoring||-|-| |Chepstow Town|Council|—|-|-| |Garfield|Western|Foundation|-|4,167|4,167| |GAVO|-|16,963|16,963| |Gwent|Dementia|Grant|-|788|788| |Mind Active|Monitoring||23,579|23,579| |Monmouthshire|County|Council|Housing|Support|Grant|202,336|-|202,336| |Monmouthshire|County|Council|Contract||26,081|26,081| |Monmouth|Town|Council|Rural|Project|Funding|-|46,036|46,036| |Monmouth|Town|Council|-|—|-| |Moondance|Foundation|-|17,953|17,953| |Rhondda|Cynon|Taff|County|Council|4,342|-|4,342| |NEWPORT| |Children|in|Need|- Youth|Social|Action|fund|-|21,801|21,801| |Co-op|-|882|882| |Co|op Allotment|grant|-|-|-| |Comic|Relief|-|Piece|by|Piece|-|76,980|76,980| |CYP|Wellbeing Ambassadors|Project|-|30,159|30,159| |First|Give|Grant|-|-|-| |Gabor|Nagy|St|Martin|-|141|141| |GAVO|-|-|-| |Mind|- CYP Trauma|Strategy|Fund|=|a|ae| |Mind|-|Support|with|merger|7,109|-|7,109| |Mind|Active|Monitoring|-|47,158|47,158| |Mind|Cost|of|Living|-||-| |Mind|Expert Advisory|panel|2,400|-|2,400| |Mind|Lived|Experience|&|Equality|Project||-|a| |Mind|Money|and|Me|-|20,500|20,500| |Mind|Wellbeing Advisors|-|Children|and Young|People||85,246|85,246|

----- End of picture text -----

-41-

Mind in Gwent Company Limited by Guarantee

Notes to the Financial Statements (continue

Year ended 31 March 2025

6. Charitable activities (continued)	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
Group and Charity	£	£	£
National Grid Warm Community Matters	-	7,500	7,500
Natural resource Wales	-	8,875	8,875
Newport City Council - Families First	-	177,206	177,206
Newport City Council - Housing Support Grant	-	546,719	546,719
Newport City Council - Skills training and wellbeing	-	120,520	120,520
Newport City Council -'-Our Community'	-	-	=
PCC Police Community Fund - Piece by Piece	-	-	-
Promo- Cymru /National Lottery - Mind Our Futures	-	59,599	59,599
Ted Senior Foundation	-	5,439	5,439
Vicars relief fund	-	-	-
WCVA - Landfill Disposals Tax Communities Scheme	_-	40,999	40,999
WCVA - Wellbeing Ambassadors	-	77,794	77,794
Weish Government SVYWO	-	39,931	39,931
Whole SchoolApproach	-	143,668	143,668
TORFAENandBLAENAUGWENT
Aneurin Bevan University Health BoardActive Monitoring Torfaen	~	~	~
Blaenau Gwent Council	-	-	-
Blaenau Gwent County Borough Council - Day Services	-	22,556	22,556
GAVO	-	500	500
Mind supported self help Wales consortium	-	23,579	23,579
Torfaen County Borough Council	-	-	-
TGCBC Communities forWork	-	18,172	18,172
Torfaen VoluntaryAlliance	-	750	750
	906,508	1,722,241	2,628,749
The amounts above forthe year to 31 March 2024 include	six months activities ofthe merged charities.
(See note on page 30).
7. Other trading activities
Group	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Private counselling	122,067	-	122,067
Training	397,173	-	397,173
Relevant Person Representative	220,926	-	220,926
Accredited training	6,165	-	6,165
Room Hire - TORFAEN	6,970	-	6,970
Fund generation - Torfaen Kitchen	6,270	_	6,270
Fund generation - Phoenix Project	-	-	-
	759,571	-	759,571

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

42 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2025

7. Other trading activities (continued)

Group	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds		2024
	£	£		£
Private counselling	59,953	-		59,953
Training	437,519	-	437,519
Relevant Person Representative	197,535		197,535
Accredited training	2,272			2,272
Room Hire	12,769	-		12,769
Fund generation - Torfaen Kitchen	956	-		956
Fund generation - Phoenix Project	212	-		212
	711,216	-	711,216
Charity	Unrestricted	Restricted	Total	Funds
	Funds	Funds		2025
	£	£		£
Private counselling	113,783	-	113,783
Training	49 344	-		49,344
Room Hire -TORFAEN	6,970	-		6,970
Fund generation - Torfaen Kitchen	6,270	-		6,270
Fund generation - Phoenix Project	-	=		a
	176,367	-	176,367
Charity	Unrestricted	Restricted	Total	Funds
	Funds	Funds		2024
	£	£		£
Private counselling	52,221	-		52,221
Training	31,546	-		31,546
Room Hire	12,769	-		12,769
Fund generation - Torfaen Kitchen	956	-		956
Fund generation - Phoenix Project	212	-		212
	97,704	—		97,704

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

8. Investment income

----- Start of picture text -----
Group Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Interest received 8,687 8,687 5,818 5,818
Charity Unrestricted Total Funds Unrestricted Total Funds
Funds 2025 Funds 2024
£ £ £ £
Interest received 6,810 6,810 3,976 3,976
----- End of picture text -----

43 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg

Year ended 31 March 2025

8. Investment income (continued)

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

9, Costs of other trading activities

Group	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Training &services Private Counselling Trading Costs ofsubsidiary	55,922 124,092 523,318	55,922 124,092 523,318	46,529 85,033 568,990	46,529 85,033 568,990
	703,332	703,332	700,552	700,552
Charity	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2025	Funds	2024
	£	£	£	£
Training & services Private Counselling	51,847 124,092	51,847 124,092	46,529 85,033	46,529 85,033
	175,939	175,939	131,562	131,562

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

Expenditure on charitable activities byfund type
Group and Charity	Unrestricted	Restricted	Total Funds
	Funds	Funds	2025
	£	£	£
Housing and central costs	752,536	-	752,536
MONMOUTHSHIRE
Abergavenny Town Council	-	12,696	12,696
Case UKActive Monitoring	-	13,434	13,434
ChepstowTown Council	-	12,696	12,696
Garfield Western Foundation	-	25,426	25,426
GAVO	-	19,358	19,358
Monmouthshire County Council	-	482,436	482,436
Monmouth Town Council	-	12,696	12,696
Moondance Foundation	-	24,322	24,322
NEWPORT
Children in Need -Youth SocialAction Fund	-	8,907	8,907
Comic Relief Piece by Piece	—	657	657
CYPWellbeingAmbassadors Project	—	898	898
Mind CymruActive Monitoring	_	_	-
Mind CYPTrauma Strategy Fund	—	20,649	20,649
Mind Money and Me	-	-	-
Mind small grants	-	13,503	13,503
Mind WellbeingAdvisors	-	6,938	6,938
Newport City Council Families First	-	130,578	130,578
Newport City Council Housing Support Grant	-	504,418	504,418
Newport City Council ‘Our Community’	-	11,948	11,948
Newport City Council Skills, training and wellbeing	-	76,319	76,319
PCC Police Community Fund Piece by Piece	=	36,573	36,573
Plant a seed	_	-	_
Promo Cymru / National Lottery Mind Our Futures	_	51,860	51,860
Ted Senior Foundation	—	2,740	2,740
WCVA -WellbeingAmbassadors	-	65,184	65,184
WCVA Landfill Disposal Tax Communities Scheme	-	779	779
Weish Government SVYWO	=	34,667	34,667
Whole SchoolApproach	-	92,507	92,507
TORFAENandBLAENAUGWENT
Aneurin Bevan University Health Board Active Monitoring Torfaen	~	ee	eee
Blaenau Gwent	-	1,000	1,000
Blaenau Gwent Day Services	-	26,620	26,620
Mind supported self help consortium Wales	—	-	_
NCN Blaenau Gwent East and West	-	-	=
TCBC Communities forWork	=	17,998	17,998
Support costs	409,500	232,718	642,218
	1,162,036	1,950,223	3,112,259

45 -

Mind in Gwent Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

10. Expenditure on charitable activities by fund type (continued)

Group and Charity	Unrestricted	Restricted	Total Funds
	Funds	Funds	2024
	£	£	ra
Housing and central costs	922,084	-	922,084
MONMOUTHSHIRE
AbergavennyTown Council Case UKActive Monitoring	- -	19,699 -	19,699 -
ChepstowTown Council	_	-	-
Garfield Western Foundation GAVO Monmouthshire County Council Monmouth Town Council	- - 23,446 -	4,167 11,210 59,500 -	4,167 11,210 82,946 -
Moondance Foundation	_	15,228	15,228
NEWPORT
Children in Need -Youth Social Action Fund Comic ReliefPiece by CYP WellbeingAmbassadors Project Mind CymruActive Monitoring Mind CYP Trauma Strategy Fund	- - - - =	24,275 143,196 22,588 41,468 =	24,275 143,196 22,588 41,468 a
Mind Money and Me Mind small grants Mind WellbeingAdvisors ChildrenAndYoung People Newport City Council Families First Newport City Council Housing Support Grant Newport City Council ‘Our Community	- - - - - -	18,132 6,261 113,617 119,848 399,275 -	18,132 6,261 113,617 119,848 399,275 -
Newport City Council Skills, training andwellbeing PCC Police Community Fund Piece by Piece	- a	91,141 =	91,141 a
Plant a seed Promo Cymru / National Lottery Mind Our Futures Ted Senior Foundation WCVA -WellbeingAmbassadors WCVA Landfill Disposal Tax Communities Scheme	- - - - -	15,363 48,728 7,240 30,341 -	15,363 48,728 7,240 30,341 =
Welsh GovernmentSVYWO Whole SchoolApproach	- -	33,300 165,733	33,300 165,733
TORFAENandBLAENAUGWENT
Aneurin Bevan University Health Board Active
Monitoring Torfaen	~	~	~
Blaenau Gwent	_	-	_
Blaenau Gwent Day Services Mind supported self help consortium Wales NCN Blaenau Gwent Eastand West TCBC Communities forWork Support costs	- - - - 189,080	16,099 33,286 14,025 14,067 256,721	16,099 33,286 14,025 14,067 445,801
	1,134,610	1,724,508	2,859,118

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

46 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

11. Expenditure on charitable activities by activity type Group and Charity Activities	11. Expenditure on charitable activities by activity type Group and Charity Activities
	undertaken	Support	Total funds	Total fund
	directly	costs	2025	2024
	£	£	£	£
Housing and central costs	752,536	409,500	1,162,036	1,109,281
MONMOUTHSHIRE
AbergavennyTown Council CaseUKActive monitoring ChepstowTown Council GarfieldWestern GAVO Monmouthshire County Council Monmouth Town Council Moondance NEWPORT	12,696 13,434 12,696 25,426 19,358 482,436 12,696 24,322	1,000 - 1,000 740 - 43,465 1,000 900	13,696 13,434 13,696 26,166 19,358 525,901 13,696 25,222	21,574 - - 4,167 11,901 93,782 - 18,072
Children in Need -Youth SocialAction Comic ReliefPiece by Piece CYPWellbeingAmbassadors Project Mind CymruActive Monitoring MindCYPTrauma Strategy Fund Mind Money and Me Mind small grants Mind WellbeingAdvisors Newport City Council Families First NewportCityCouncilHousingSupport	8,907 657 898 - 20,649 — 13,503 6,938 130,578 504,418	1,477 - 2,430 - - - - 3,236 46,800 81,134	10,384 657 3,328 - 20,649 - 13,503 10,174 177,378 585,552	30,180 162,696 25,018 66,860 - 20,029 6,261 123,327 178,264 460,854
Newport City Council ‘Our Community’ Newport CityCouncil Skills, training and wellbeing	11,948 76,319	3,566 18.732	15,514 95,051	- 115,204
aesCommunityFund Pieceby	36,573	5853	42,426	_
Plant aseed Promo Gymru /National LotteryMindOur	- 51,860	- 8,016	- 59,876	17,527 56,744
Ted Senior Foundation WCVA -WellbeingAmbassadors WCVALandfill DisposalTaxCommunities Scheme	2,740 65,184 779	- 7,345 _	2,740 72,529 779	7,240 33,916 _
Welsh GovernmentSVYWO Whole SchoolApproach TORFAENandBLAENAU GWENT	34,667 92,507	- 6,024	34,667 98,531	33,300 185,444
Aneurin Bevan University Health Board Active monitoring Torfaen	zece	~	sees	~
Blaenau Gwent Blaenau Gwent Day Services Mind supported selfhelp consortium Wales NCN Blaenau Gwent EastandWest TCBC Communities forWork	1,000 26,620 - - 17,998	- - - - -	1,000 26,620 - - 17,998	- 16,099 33,286 14,025 14,067
	2,470,041	642,218	3,112,259	2,859,118

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

47 -

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Mind in Gwent

Company Limited by Guarantee Notes to the Financial Statements (continueg

Year ended 31 March 2025

13. Net (expenditure)

Group

Net (expenditure)/income is stated after charging/(crediting):
	2025	2024
	£	£
Depreciation oftangible fixed assets	85,124	78,523
Fees paid to the auditor (Incl. VAT):
e Forthe audit ofthe financial statements	14,047	13,384
e For non-audit services	2,460	4,833
Charity
Net (expenditure)/income is stated after charging/(crediting):
	2025	2024
	£	£
Depreciation oftangible fixed assets	79,386	71,372
Fees paid to the auditor (Incl. VAT):
e Forthe audit ofthe financial statements	9,540	9,177
e Fornon-auditservices	2,460	4,833

14. Staff costs

Group The total staff costs and employee benefits for the reporting period are analysed as follows:

	2025	2024
	£	£
Wages and salaries	2,588,985	2,260,917
Social security costs	214,731	196,886
Employer contributions to pension plans	116,986	109,375
	2,920,702	2,567,178

During the year redundancy costs of £49,813 were incurred on the restructure following the merger.

The average head count of employees during the year was 98 (2024: 110). The average number of full-time equivalent employees during the year is analysed as follows:

		2025	2024
		No.	No.
Number	ofmanagement and administrative staff	12	12
Number	ofstaffengaged on charitable activities	70	80
		82	92

The average numbers for the year to 31 March 2024 include six months of the merged charities.(See note on page 30).

49 -

Mind in Gwent

Company Limited by Guarantee Notes to the Financial Statements (continuea

Year ended 31 March 2025

14. Staff costs (continued)

Group (continued)

The number of employees whose remuneration

£60,000 to £69,999

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |for the|year|fell|within|the|following|bands,|were:| |2025|2024| |No.|No.| |1|-|

----- End of picture text -----

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 Charity, directly or indirectly, including any Trustee of the Charity. In addition 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 £65,433 (2024: £62,627).

Charity

The total staff costs and employee benefits for the reporting period are analysed as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |£|£| |Wages|and|salaries|2,263,354|1,931,213| |Social|security|costs|189,975|166,379| |Employer|contributions|to|pension|plans|99,164|89,789| |2,552,493|2,187,381|

----- End of picture text -----

During the year redundancy costs of £49,813 were incurred on the restructure following the merger.

The amounts above for the year to 31 March 2024 include six months activities of the merged charities. (See note on page 30).

The average head count of employees during the year was 84 (2024: 97). The average number of full-time equivalent employees during the year is analysed as follows:

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |2025|2024| |No.|No.| |Number|of management|and|administrative|staff|11|11| |Number|of staff engaged|on|charitable|activities|57|68| |68|79|

----- End of picture text -----

The average numbers for the year to 31 March 2024 include six months of the merged charities.(See note on page 30).

The number of employees whose remuneration for the year fell within the following bands, were:

----- Start of picture text -----
|||||| |---|---|---|---|---| |2025|2024| |No.|No.| |£60,000|to|£69,999|1|-|

----- End of picture text -----

50 -

Mind in Gwent

Company Limited by Guarantee Notes to the Financial Statements (continueg

Year ended 31 March 2025

14. Staff costs (continued)

Charity (continued)

Key Management Personnel

15. Trustee remuneration and expenses

Group and Charity

During the year one trustee received £384 (2024: £386) in respect of expenses reimbursed. The trustee also volunteers for the organisation, the expenses were in respect of volunteer expenses. The weekly payments were made in accordance with the volunteering policy of the organisation.

16. Transfers between funds

Group and Charity

Net transfers detailed in note 24 relate to deficits made on certain projects during the year.

17. Tangible fixed assets

Group	Land and	Fixtures and
	buildings	fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024	3,394,481	9,160	432,415	3,836,056
Additions	126,294	-	5,737	132,031
At 31 March 2025	3,520,775	9,160	438,152	3,968,087
Depreciation
At 1 April 2024	920,888	9,159	407,072	1,337,119
Charge forthe year	69,128	-	15,996	85,124
At 31 March 2025	990,016	9,159	423,068	1,422,243
Carrying amount
At 31 March 2025	2,530,759	1	15,084	2,545,844
At31March2024	2,473,593	1	25,343	2,498,937

-51-

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

17.	Tangible fixed assets (continued) Charity	Land and	Fixtures and
		buildings	fittings		Equipment
		£	£	£	£
	Cost
	At1April2024 Additions	3,394,481 126,294	9,160 -	392,107 _	3,795,748 126,294
	At31 March 2025	3,520,775	9,160	392,107	3,922,042
	Depreciation
	At 1 April 2024 Charge fortheyear	920,888 69,128	9,159 -	373,299 10,258	1,303,346 79,386
	At31 March 2025	990,016	9,159	383,557	1,382,732
	Carrying amount
	At31 March 2025	2,530,759	1	8,550	2,539,310
	At 31 March 2024	2,473,593	1	18,808	2,492,402
18.	Investments
	Charity			Shares	in group
				undertakings
					£
	Cost
	At1April 2024and 31 March 2025				2
	Impairment
	At 1 April 2024 and 31 March 2025				-
	Carrying amount
	At 31 March 2025				2
	At 31 March 2024				2
	Allinvestmentsshownaboveareheldatcost.

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.

			2025	2024
			£	£
Aggregate and Reserves Profit forthe financial year			197,357 -	197,357 2,507
	-52	-

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

19. Debtors

	Group
		2025	2024
		£	£
	Trade debtors Prepayments and accrued income Otherdebtors	268,317 76,641 11,338	323,144 124,800 15,612
		356,796	463,556
	Charity
		2025	2024
		£	£
	Trade debtors Amounts owed by group undertakings Prepayments and accrued income Other debtors	199,520 57,688 76,641 2,011	270,893 41,591 124,800 2,111
		335,860	439,395
20.	Creditors: amounts falling due within oneyear
	Group	2025	2024
		£	£
	Bank loans Trade creditors Corporation Tax Accruals and deferred income Social security and othertaxes Other creditors	147,447 60,006 - 102,056 62,494 46,207	82,460 57,494 2,266 126,340 71,171 66,258
		418,210	405,989
	Charity	2025	2024
		£	£
	Bank loans Trade creditors Accruals and deferred income Social securityand othertaxes Other creditors	147,447 56,088 90,532 35,490 605	82,460 51,631 118,001 45,963 -
		330,162	298,055
	The bank loan is secured by a fixed charge overtheassets owned	bythe charity.
21.	Creditors: amounts falling due aftermorethan oneyear
	Group and Charity	2025	2024
		£	£
	Bankloans	235,702	382,320

The bank loan is secured by a fixed charge over the assets owned by the charity. - 53 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

22.	Deferred income
	Group and Charity					2025	2024
						£	£
	Amount deferred in year					45,355	-
23.	Pensions and other post retirement		benefits
	Group
	Defined contribution pians
	Theamount recognised in	income orexpenditureasan		expense	in relation to defined contribution
	planswas £116,986 (2024: £109,375).
	Charity
	Defined contribution plans
	The amount recognised in	income orexpenditureas an		expense	in relation to defined contribution
	planswas £99,164 (2024:	£89,789).
24.	Analysis ofcharitable funds
	Unrestricted funds
Group		At					At 31 March
		1 April 2024 £	Income £	Expenditure £		Transfers £	2025 =
General unrestricted Designated (see below)		222,616 1,159,982	1,793,176 -	(1,865,368) -		123,159 (92,091)	273,583 1,067,891
Designated -	property	480,000	-		-	-	480,000
Monmouthshire Mind - Capital
reserves on transfer		435,117	—		-	(16,037)	419,080
Monmouthshire Mind - Revenue
reserves on transfer		492,927	_		-	(35,071)	457,856
		2,790,642	1,793,176	(1,865,368)		(20,040)	2,698,410

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £116,986 (2024: £109,375).

The designated unrestricted funds as at 31 March 2025 represent unrestricted funds agreed by the charity to be held as per the following agreed by the trustees:

e Reserves policy £1,067,891 e Property as noted below £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 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 30% of the total so is designating the remainder of unrestricted funding for this purpose.

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 March 2025

24. Analysis of charitable funds (continued)

Unrestricted	At				At	31 March
Group (continued)	1 April2023	Income	Expenditure	Transfers	2024
	£	£	£	£	£
General Unrestricted Designated (see below) Designated - property Monmouthshire Mind - Capital	- 1,225,115 -	2,344,735 - —	(1,837,428) - —	(284,691) (65,133) 480,000		222,616 1,159,982 480,000
reserves on transfer Monmouthshire Mind - Revenue	-	435,117	-	-		435,117
reserves on transfer	-	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 charity to be held as per the following agreed by the trustees:

® Reserves policy £1,159,982 e Property as noted below £480,000

Unrestricted funds

Unrestricted funds
Charity	At				At31 March
	1 April 2024	Income	Expenditure	Transfers	2025
	£	£	£	£	£
General unrestricted Designated (see below) Designated -property Monmouthshire Mind - Capital	25,261 1,159,982 480,000	1,265,783 - -	(1,337,975) - -	123,159 (92,091) _	76,228 1,067,891 480,000
reserves on transfer Monmouthshire Mind - Revenue	435,117	-	-	(16,037)	419,080
reserves on transfer	492,927	—	_	(35,071)	457,856
	2,593,287	1,265,783	(1,337,975)	(20,040)	2,501,055

The designated unrestricted funds as at 31 March 2025 represent unrestricted funds agreed by the charity to be held as per the following agreed by the trustees:

e Reserves policy £1,067,891 e Property as noted below £480,000
55 -

Mind in Gwent Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

24. Analysis of charitable funds (continued) Charity (continued)

Charity

Unrestricted funds	At				At	31 March
	1 April 2023	Income	Expenditure	Transfers	2024
	£	£	£	£	£
General Unrestricted Designated (see below) Designated -property Monmouthshire Mind - Capital	- 1,225,115 -	1,579,722 _	(1,269,770) -	(284,691) (65,133) 480,000		25,261 1,159,982 480,000
reserves on transfer Monmouthshire Mind - Revenue	-	435,117	-	-		435,117
reserves on transfer	-	492,927	-	-		492,927
	1,225,115	2,507,766	(1,269,770)	130,176		2,593,287

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 trustees:

e Reserves policy £1,159,982 e Property as noted below £480,000

56 -

Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (continueg Year ended 31 March 2025

Analysis of charitable funds (continued)

Restricted funds
Group and Charity	At				At 31 March
MONMOUTHSHIRE	1 April 2024 £	Income £	Expenditure £	Transfers £	2025 £
AbergavennyTown Council CaseUKActive Monitoring ChepstowTown Council Garfield Western Foundation GAVO Gwent Dementia	(11,574) - - - 5,062 -	15,000 15,997 15,000 17,665 13,338 -	(13,696) (13,434) (13,696) (26,166) (19,358) -	10,270 — (1,304) 8,501 958 -	_- 2,563 - - = -
Mind Active Monitoring MonmouthshireCounty Council Monmouthshire County Council Rural	7,080 (2,233)	- 502,752	- (495,664)	(7,080) -	- 4,855
project funding MonmouthTown Council Moondance Foundation NEWPORT	5,897 - (119)	9,000 15,000 18,000	(30,239) (13,696) (25,222)	15,342 (1,304) -	- - (7,341)
Children In Need - Youth Social
Action Fund Comic ReliefPiece by Piece Co-op allotment grant FirstGiveGrant GAVO Newport Mind -CYPTrauma Strategy Fund Mind Active Monitoring	10,624 (21,200) - _ - - -	- 16,979 1,343 4,000 3,600 20,000 -	(10,384) (657) (1,026) (1,000) (3,600) (20,649) -	(240) 4,878 - - - - -	- - 317 - - (649) =
Mind Cost ofLiving Mind CYP Wellbeing Ambassadors	-	9,619	(2,250)	-	7,369
project Mind Lived Experience & Equality	-	_	(3,328)	_	(3,328)
Project 9 Mind Money and Me	- _	6,000 -	(5,625) -	- -	375 -
Mind PeerSupport Hub Project	-	-	-	-	-
Mind SmallGrants Mind Wellbeing Advisors Children	4,300	-	-	-	4,300
andYoung People Natural ResourceWales Planta seed Newport CityCouncil - Families First Newport City Council - OurVoice Our	(5,108) (14,138) -	12,607 11,624 177,254	(10,174) _ (177,378)	- 2,514 124	(2,675) - _
Choice Newport City Council Housing	2,157	-	-	(2,157)	-
Support Grant Newport City Council ‘Our	-	599,632	(585,552)	(14,080)	_
Community’ Newport City Council Skills, training	-	27,000	(15,514)	-	11,486
and wellbeing PCC Police Community Fund - Piece	-	90,837	(95,051)	4,214	-
by Piece Peersupport hub project	- -	41,187 -	(42,426) -	1,239 -	- -
Promo Cymru/ National Lottery- Mind
OurFutures Restrictedfixedassets	18,537 283,000	60,000 =	(59,876) =	- (5,660)	18,661 277,340

57 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

24. Analysis of charitable funds (continued)

Restricted funds (continued)
, Groupand Charity(continued)	At 1 April2024	Income	Expenditure	Transfers	At31 March 2025
Ted SeniorFoundation Vicarsrelieffund	£ (1,801) -	£ 16,316 865	£ (2,740) _	£ (11,775) -	£ _ 865
WCVA Landfill Disposals Tax
Communities Scheme WCVAWellbeingAmbassadors Welsh GovernmentSVYWO Whole SchoolApproach TORFAENandBLAENAU GWENT	40,999 43,878 - 61,420	10,000 44,952 40,748 56,768	(779) (72,529) (34,667) (98,531)	- - (6,081) -	50,220 16,301 - 19,657
Aneurin Bevan University Health
Board Active Monitoring Torfaen Blaenau Gwent Council BGCBC DayServices Mind Supported self-help consortium Wales NCN Blaenau Gwent Eastand West TCBC Communities forwork	- ~ 2,471 (5,721) (14,025) 4,105	16,000 1,000 37,140 - - 11,958	(9,698) (1,000) (26,620) - - (17,998)	- _ - 5,721 14,025 1,935	6,302 - 12,991 - - -
	413,611	1,936,181	(1,950,223)	20,040	419,609

58 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continuea

Year ended 31 March 2025

24. Analysis ofcharitable funds (continued)	24. Analysis ofcharitable funds (continued)
Restrictedfunds(continued)	At 1 April				At31 March
Group and Charity (continued)	2023	Income	Expenditure	Transfers	2024
	£	£	£	£	£
MONMOUTHSHIRE
AbergavennyTown Council	-	10,000	(21,574)	_	(11,574)
ChepstowTown Council	-	-	_	-	-
Case UK Active monitoring	-	~	-	=	a
Garfield Western Foundation	-	4,167	(4,167)	-	a
GAVO	-	16,963	(11,901)	-	5,062
Gwent Dementia	-	788	(788)	a	-
Mind Active Monitoring	-	23,579	(16,499)	-	7,080
Monmouthshire County Council	-	26,081	(28,314)	-	(2,233)
Monmouthshire County Council Rural
project funding	-	46,036	(40,139)	-	5,897
Monmouth Town Council	-	-	-	-	a
Moondance Foundation	-	17,953	(18,072)	—	(119)
NEWPORT
Children In Need - Youth Social
Action Fund	19,003	21,801	(30,180)	-	10,624
Comic Relief Piece by Piece	64,516	76,980	(162,696)	-	(21,200)
Co- op allotment grant	-	-	-	-	-
First Give grant	-	-	-	=	-
GAVO Newport	-	-	a	—	-
Mind—CYP Trauma Strategy Fund	-	-	-	_	-
Mind Active Monitoring	-	47,158	(50,361)	3,203	-
Mind Cost of Living	-	-	-	-	a
Mind Co-op Resilience fund 'Systems
Change’	-	-	-	_	-
Mind CYP Wellbeing Ambassadors
project	(2,356)	30,159	(25,018)	(2,785)	-
Mind Lived Experience & Equality
Project 9	-	-	—	_	-
Mind Money and Me	-	20,500	(20,029)	(471)	_
Mind Peer Support Hub Project	7,207	-	-	(7,207)	-
Mind Small Grants	-	9,773	(5,473)	-	4,300
Mind Wellbeing Advisors Children
and Young People	32,973	85,246	(123,327)	-	(5,108)
Natural Resource Wales - Plant a
seed	(5,486)	8,875	(17,527)	-	(14,138)
Newport City Council - Families First	-	177,206	(178,264)	1,058	-
Newport City Council - OurVoice Our
Choice	2,157	-	_	_	2,157
Newport City Council Housing
Support Grant	-	546,719	(460,854)	(85,865)	-
Newport City Council ‘ Our
Community’	-	-	-	-	_
Newport City Council Skills, training
and wellbeing	-	120,520	(115,204)	(5,316)	-
Promo Cymru/ National Lottery- Mind
Our Futures	15,682	59,599	(56,744)	-	18,537
PCC Police Community Fund — Piece
byPiece	a	=	a	a	a

59 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continuea

Year ended 31 March 2025

24. Analysis of charitable funds (continued)

Restrictedfunds (continued) GroupandCharity (continued) Restricted fixedassets TedSeniorFoundation Vicars relieffund WCVA Landfill Disposals Tax	At 1 April 2023 £ 309,162 = -	Income £ - 5,439 -	Expenditure £ — (7,240) -	Transfers £ (26,162) _ -	At31 March 2024 £ 283,000 (1,801) -
CommunitiesScheme WCVAWellbeingAmbassadors Welsh GovernmentSVYWO Whole SchoolApproach TORFAENandBLAENAUGWENT	- - - 103,196	40,999 77,794 39,931 143,668	- (33,916) (33,300) (185,444)	- - (6,631) -	40,999 43,878 - 61,420
Aneurin Bevan University Health
Board Active Monitoring Torfaen Blaenau Gwent Council Blaenau GwentDay Services Mind Supported self-help consortium Wales NCN BlaenauGwentEastandWest TGCBC Communities forwork	a - - - - -	= - 18,570 27,565 —- 18,172	= — (16,099) (33,286) (14,025) (14,067)	= - - - - -	- - 2,471 (5,721) (14,025) 4,105
	546,054	1,722,241	(1,724,508)	(130,176)	413,611

60 -

Mind in Gwent Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025

Analysis of charitable funds (continuea)

MONMOUTHSHIRE

e Abergavenny Town Council — Funding allocated for delivering wellbeing courses specifically for the Abergavenny area.
e Case UK Active Monitoring ~ Funding for Active Monitoring employee support program ° Chepstow Town Council — Funding allocated for delivering wellbeing courses specifically for the Chepstow area.
° Garfield Weston Foundation — Supports the Active Monitoring self-help wellbeing program.
e 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 diagnosis of dementia.
° Mind — 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.
e Monmouth Town Council — Funding allocated for delivering wellbeing courses specifically for the Monmouth area.
° Moondance Foundation — Provision of a Wellbeing Team Lead to ensure the continuity of wellbeing team services.

NEWPORT

e Children In Need - Youth Social Action Fund - An 18 month grant to empower children and young people in Newport to deliver Social Action in their community.
e Comic Relief Piece by Piece - Mental health support for young people aged 11-25 and their families who have recently experienced a trauma. Offering 1:1, group and community based support funded until 31st of December 2023.
e Co-op allotment grant — small grant to support activity on allotment wellbeing project
e First Give Grant — Funding received to support CYP services through the First Give Scheme
e GAVO- 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.
e Mind - CYP Trauma Strategy Fund — This project was funded by National Mind to co-develop a Trauma informed Strategy with principles and guidance for staff working with young people. Our role was to work with other local minds to consult with young people and inform the development of the strategy.
61 -

Mind in Gwent Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

Analysis of charitable funds (continued)
e Mind — Lived Experience and Project 9 - This National Mind funded project focused on supporting our LGBTQ+ provision for young people and adults in Newport, to consult with the groups to enhance our understanding as an organisation as to the experiences of accessing support for individuals from the LGBTQ+ community.
e 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.
e Mind — Cost of Living — This project provides free, accessible information, advice and assistance for individuals struggling with their mental health, offering a safe and supportive first point of contact for anyone in need. Alongside emotional support and practical guidance, the service had a particular focus on winter fuel support, helping people navigate rising energy costs, access available grants, and develop strategies to stay warm and well throughout the colder months.
¢ Mind- CYP Wellbeing Ambassadors Project — The Wellbeing Ambassadors project was funded by the WCVA to provide volunteering opportunities for young people aged 14-25 in Mind in Gwent. This phase of the project was aimed at rolling out the volunteering framework to Monmouthshire and Blaenau Gwent and facilitating a Community of Practice based on volunteering opportunities for young people.
e Mind Small Grants - Small grants from Mind.
e Mind Wellbeing Advisors Children and Young People - The wellbeing advisers are here for young people aged 1124 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.
e 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 0-18 year olds and their families to build and maintain resilience to mental health difficulties, funded until 31st of March 2025.
e Newport City Council - Our Voice Our Choice — a fund to help participants with personal budgeting support
e Newport City Council Housing Support Grant - Housing and tenancy support for people living in Newport Mind's supported accommodation and to people in the community, yearly funded.
e Natural Resources Wales Plant a Seed - This project combined a slow-cooker cooking group with an allotment initiative to promote food sustainability, community connection and improved mental health. Participants were supported to join Mind in Gwent's allotment group, grow their own produce, learning practical skills in growing, harvesting and understanding seasonal food. In the cooking group, they use slow cookers to prepare affordable, nutritious meals, building confidence in cooking on a budget and reducing reliance on expensive energy use. Alongside the practical elements, the project created a supportive, social environment where participants could connect with others, improve their wellbeing, and experience the therapeutic benefits of gardening and shared meals.
62 -

Mind in Gwent Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

Analysis of charitable funds (continued)
¢ 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 activity and peer support groups, yearly funded.
e Promo Cymru/ 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-Cymru and Newport Mind. Our project partners also include local Minds and youth services 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 co-design and develop new solutionfocused approaches to young people's mental health and resilience using service design methodology.
e Mind Money and Me — This project is a 6-week programme delivered 1:1 to individuals. It was specifically designed to 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 place in the local community, supporting anyone who had concerns or questions about how to manage their money.
e Ted Senior Foundation — funding to provide suicide prevention courses across Gwent during the year.
e 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.
e 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 service design, delivery and evaluation; highlighting the power of the voice of young people and those with adverse experience and challenges, promoting the inclusion of young people’s voices in governance roles within the organisation. As part of this work, we also facilitate a Community of Practice and continue the work of the Youth Voice Group to share learning and involve young people in Governance.
° Welsh Government SVYWO- 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 two years the SVYWO grant has allowed Newport Mind/Mind in Gwent to employ a Children, Young People and Families Manager to bring youth work practices to life in the organisation.

TORFAEN

e Aneurin Bevan University Health Board Active Monitoring Torfaen - Active Monitoring is an evidence-based mental health and wellbeing service. Active Monitoring aims to educates service users around their mental health and, wellbeing topics . It aims to give them the skills to understand and help manage their mental health with tips, techniques and strategies . The service was delivered in person in a group setting allowing service users to discuss their experiences with others in the community . The course was delivered over 6 sessions for a 2 hour session per week . The topic areas covered Anxiety and panic attacks , managing anger and Depression. - 63 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continued)

Year ended 31 March 2025

Analysis of charitable funds (continued)
¢ Blaenau Gwent County Borough Council Day Services- Open access to drop In provision in the borough of Blaenau Gwent. This funding provided by BGCBC supports the delivery of wellbeing services, offering information, advice and practical assistance through a Drop In model of service delivered from the Phoenix Project in Brynmawr.
¢ TCBC Communities for Work Project (funded by Welsh Government through GAVO & BGCBC)- This funding supports the delivery of advice and information to adults with 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 Project in Brynmawr.
e NCN Blaenau Gwent East and West Supported Self Help Project - 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 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 services, Offering information, advice and practical assistance through a Drop In model of service delivered from the Wellbeing Centre in Pontypool.
e 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

25. Analysis of changes in net debt

Analysis of changeschanges in net debt
Group			At
	At 1 Apr2024	Cash flows	31 Mar2025
Cash atbankand inhand Debt duewithinoneyear Debtdue afteroneyear	£ 1,001,510 (82,460) (382,320)	£ (159,226) (64,987) 146,618	£ 842,284 (147,447) (235,702)
	536,730	(77,595)	459,135
Charity			At
	At 1 Apr2024	Cash flows	31 Mar2025
Cash atbank and inhand Debt duewithinoneyear Debtdue afteroneyear	£ 755,474 (82,460) (382,320)	ie (144,118) (64,987) 146,618	£ 611,356 (147,447) (235,702)
	290,694	(62,487)	228,207

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

26. Analysis of net assets between funds
Group	Tangible	Netcurrent
	fixed assets	assets	Total 2025
Restricted funds:	£	£	£
Monmouthshire
CaseUKActive Monitoring Monmouthshire County Council Moondance Foundation Newport	- - -	2,563 4,855 (7,341)	2,563 4,855 (7,341)
Co-op allotment grant Mind -CYPTraumaStrategy Fund Mind Cost ofLiving MindCYPWellbeingAmbassadors project Mind Lived Experience & Equality Project 9 Mind Small Grants MindWellbeing Advisors Children andYoung People Newport City Council ‘OurCommunity’ Peersupport hub project	- - - - - - - - -	317 (649) 7,369 (3,328) 375 4,300 (2,675) 11,486 -	317 (649) 7,369 (3,328) 375 4,300 (2,675) 11,486 -
PromoCymru/National Lottery- Mind OurFutures Restricted fixed assets Vicars relieffund WCVA Landfill Disposals TaxCommunities Scheme WCVAWellbeingAmbassadors Whole SchoolApproach TORFAEN	- 277,340 - = - -	18,661 - 865 50,220 16,301 19,657	18,661 277,340 865 50,220 16,301 19,657
Aneurin Bevan University Health BoardActive Monitoring	Torfaen -	6,302	6,302
BGCBC Day Services	-	12,991	12,991
Unrestricted:	277,340 =————	142,269 ———	419,609 ———
Unrestricted Funds Unrestricted -Monmouthshire Capitalfunds Unrestricted -MonmouthshireRevenuefunds	1,849,424 419,080 -	(27,950) ~ 457,856	1,821,474 419,080 457,856
	2,268,504	429,906	2,698,410
TotalFunds	2,545,844	572,175	3,118,019

65 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

26. Analysis of net assets between funds (continueg)

Group	Tangible fixed	Net current
	assets	assets	Total2024
	£	£	£
Restricted Funds:
Monmouthshire
Abergavennytown council GAVO Mind Active monitoring Monmouthshire County Council Monmouthshire County Council Rural Project Moondance Newport	- - - - - -	(11,574) 5,062 7,080 (2,233) 5,897 (119)	(11,574) 5,062 7,080 (2,233) 5,897 (119)
Children in Need—Youth Social Action fund Comic ReliefPiece by Piece Plantaseed Mind Small grants MindWellbeing Advisors Children and young people Newport City Council—Ourvoice ourchoice Promo Cymru /National Lottery—Mind ourfutures Restricted Fixed Assets—Welsh Government Ted SeniorFoundation WCVA Landfill Disposals TaxCommunities Scheme WCVAWellbeingAmbassadors Whole SchoolApproach Torfaen	- - - - - - - 283,000 - - - -	10,624 (21,200) (14,138) 4,300 (5,108) 2,157 18,537 - (1,801) 40,999 43,878 61,420	10,624 (21,200) (14,138) 4,300 (5,108) 2,157 18,537 283,000 (1,801) 40,999 43,878 61,420
NCN Blaenau Gwentand West Mind Supported self-help consortium Wales BGCBC Communities forWork Day Services Blaenau Gwent	- - - -	(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 -MonmouthshireRevenuefunds	1,780,820 435,117 -	81,778 - 492,927	1,862,598 435,117 492,927
	2,215,937	574,705	2,790,642
TotalFunds	2,498,937	705,316	3,204,253

66 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

26. Analysis ofnetassets between funds (continued)
Charity	Tangible	Net current
	fixed assets	assets	Total 2025
Restricted funds:	£	£	£
Monmouthshire
CaseUKActive Monitoring Monmouthshire County Council Moondance Foundation Newport	- - -	2,563 4,855 (7,341)	2,563 4,855 (7,341)
Co-op allotment grant	-	317	317
Mind -CYPTrauma StrategyFund Mind Cost of Living MindCYP WellbeingAmbassadors project Mind Lived Experience & Equality Project 9	- - - -	(649) 7,369 (3,328) 375	(649) 7,369 (3,328) 375
Mind Smail Grants Mind WellbeingAdvisors Children andYoung People Newport City Council ‘OurCommunity’ Peer support hub project	- - - -	4,300 (2,675) 11,486 -	4,300 (2,675) 11,486 -
PromoCymru/ National Lottery- Mind Our Futures Restricted fixed assets Vicars relieffund	- 277,340 -	18,661 - 865	18,661 277,340 865
WCVA Landfill Disposals TaxCommunities Scheme WCVAWellbeingAmbassadors WholeSchoolApproach TORFAEN	- - -	50,220 16,301 19,657	50,220 16,301 19,657
Aneurin Bevan University Health BoardActive Monitoring	Torfaen -	6,302	6,302
BGCBCDay Services	-	12,991	12,991
Unrestricted:	277,340 ——————	142,269 =————	419,609 —————
Unrestricted Funds Unrestricted -Monmouthshire Capital funds Unrestricted-Monmouthshire Revenue funds	1,842,892 419,080 -	(218,773) - 457,856	1,624,119 419,080 457,856
	2,261,972	239,083	2,501,055
TotalFunds	2,539,312	381,352	2,920,664

67 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continueg)

Year ended 31 March 2025

26. Analysis ofnet assets between funds (continued)
Charity	Tangible fixed	Netcurrent
	assets	assets	Total 2024
	£	£	£
Restricted Funds:
Monmouthshire
Abergavennytown council GAVO MindActive monitoring Monmouthshire County Council Monmouthshire County Council Rural Project Moondance Newport	- - - - - -	(11,574) 5,062 7,080 (2,233) 5,897 (119)	(11,574) 5,062 7,080 (2,233) 5,897 (119)
Children in Need—Youth SocialAction fund Comic ReliefPieceby Piece Plant a seed Mind Smallgrants MindWellbeing Advisors Childrenandyoung people Newport City Council—Ourvoice ourchoice Promo Cymru /National Lottery—Mind ourfutures Restricted FixedAssets-Welsh Government TedSeniorFoundation WCVA Landfill Disposals TaxCommunities Scheme WCVAWellbeingAmbassadors Whole SchoolApproach Torfaen	- - - - - - - 283,000 - - - -	10,624 (21,200) (14,138) 4,300 (5,108) 2,157 18,537 - (1,801) 40,999 43,878 61,420	10,624 (21,200) (14,138) 4,300 (5,108) 2,157 18,537 283,000 (1,801) 40,999 43,878 61,420
NCN Blaenau GwentandWest Mind Supported self-help consortium Wales BGCBC Communities forWork Day Services Blaenau Gwent	- - - -	(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 Capitalfunds Unrestricted —-Monmouthshire Revenuefunds	1,774,285 435,117 -	(109,042) - 492,927	1,665,243 435,117 492,927
	2,209,402	383,885	2,593,287
TotalFunds	2,492,402	514,496	3,006,898

68 -

Mind in Gwent

Company Limited by Guarantee

Notes to the Financial Statements (continuea)

Year ended 31 March 2025

27. Operating lease commitments

The total futureminimum leasepayments under non-cancellable operating leases areas Group 2025	The total futureminimum leasepayments under non-cancellable operating leases areas Group 2025	as follows: 2024
Not laterthan 1 year Laterthan 1 yearand not laterthan 5years Laterthan 5years	£ 10,080 - -	£ 13,505 5,138 4,000
	10,080	22,643
Charity	2025	2024
Not laterthan 1 year Laterthan 1 yearand not laterthan 5years Laterthan 5 years	£ 1,080 - -	£ 4,505 5,138 4,000
	1,080	13,643

28. Limitation of auditors liability

Group and Charity

By way of a members' resolution dated 18 December 2024, the company has agreed to enter into a limited liability agreement with its auditors whereby their exposure to legal claims is limited to £50,000 per claim.

29. Related parties

Group and Charity

The company was under the control of the Trustees throughout the current and previous year.

Charity

The company owns 100% of the issued ordinary share capital of MHFA Wales Limited formerly 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 2025 a donation of £57,688 was gifted to the charity from the wholly owned subsidiary MHFA Wales Limited in accordance with the deed of covenant.

As at 31 March 2025 the subsidiary MHFA Wales Limited owed the charity £57,688 (2024:41,591).

69 -