REGISTERED COMPANY NUMBER: 03030938 (England And Wales) REGISTERED CHARITY NUMBER: 1045123 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR WEST WAL TION FOR MENTAL HEALTH 'AOAYSB34* 0410912024 COMPANIES HOUSE A20 Charles & Co Chartered Certified Accountant5 3 Murray Street Llanelli Carmarthenshire SA15 IAQ
WEST WALES A TION FOR MENTAL HEALTH CONTENTS OF THE FINANCIAL STATEMENTS R THE YEAR ENDED31 MARCH 2024 Page Report of the Trustees Independent Examiner's Report Statement of Flnancial Activitie5 Balance Sheel Notes to the FlnanciAI Statements 6 to 13 Detailed Statement of Flnanclal Activities 14
WEST WALES ACTION FOR MENTAL HEALTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of Ihe charity for the purposes of the Companies Act 2006. present their report with the financial statements of the charity for the year ended 31 March 2024. The irustees have adopted Ihe provisions of Accounting and Reporting by Charities.. Statement of Recornmended Practice applicable 10 charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102) (effective l January 2019). OWECTIVES AND ACTIVITIES Objectives and aims Our charity's objectives are lo promote and protect mental health and assist those suffering from mental health conditions or otherwise requiring advice or treatment in Carmarthenshire, Pembrokeshire & Ceredigion, providing and assisting in the provision of support, trealmenl, advice, training and such orher services as Ihe trustees may detem)ine from time lo time. Our mission is to improve mental health across West Wales and we do this by delivering the following core function5=_ l) Development & Consuliancy 2) Facilitating joint working 3) Infonnation 4) Training Services 5) Health promotion 6) Service User and Carer Involvement Publlc benefit Our main activities and those we try to help are described below. All activities undertaken are lo further our charitable purpose5 for the public benefil. The Iruslees confirm that they have compl led with the requirements of section 4 of the Charilies Act 201 I to have due regard for the public benefit guidance publ ished by The Charity Commission for England and Wales. FINANCIAL REVIEW PrincipAI (unding sources The charity's main funders in relation to our core functions are,. The Welsh Government via Hywel Dda Health Board, Carniarthenshire County Council and Ceredigion and Pembrokeshire County Council5. Reserves policy The charity recognises hnd accepts its responsibilities as a charity, a company limited by guarantee and an employer lo protect the financial viability and continuation of the organisalion. In accordance with good pracrice it is agreed Ihat monies are allocated towards a reserve. The purpose of the reserve is to ensure cash flow, provide the opportunity to attract alternative funding should existing funding be subjeci to cutbacks and to ensure that in the event of funding being ceased , the organisation would still be able to fulfill its financial and legal obligations upon winding up. As at the 3 1st March 2024, West Wales Action for Menial Health (WWAMH) has £166,062 of unresiricied funds, included within this is £31.000 designated funds. STRUCTURE, GOVERNANCE AND iVIANAGEMENT Governing document The charity is controlled by lis governing document, a deed of trust, and constilutes a limited company, limited by guarantee. as defined by ihe Companies Act 2006. Reeruitmenl and appointment of new trustee5 Truslees are identified via word of mouth, Cv's or by previous knowledge having come inio contact wilh them during the course of our work. Organisational structure We have a board of trustees fhal meel every two months to administer the charity. The direcior is employed by the WWAMH board to manage the day to day running of the charity. Page I
WEST WALES ACTION FOR MENTAL HEALTH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Induction and training of new trustees New trustees are invited to an initial meeting lo gel a flavour of our work, WW AMH has a comprehensive induction pack which contains information about our organisation, roles and responsibilities as trustees, a trustee contract, memorandum and articles of association. policies and procedures and oiher key information. Trustees have the opportunity to attend any training they feel necessary to help fulfil fheir role. REFERENCE AND ADMINISTRATIVE DETAILS Registered Compgny number 03030938 (England and Wales) Registered Charity number 1045123 Registered offi¢e 18 Queen Sireet Camarthen Dyfed SA31 IJT Trustees R B Bamforth Miss K E Bowen E M Daymond A M S Kenwrighi (resigned 27.4.23) Mrs L Hall-morgan Mrs M A Robinson Ms E Wilkinson Mis5 J L Hill Ms C J Young Company Secretary E M Daymond Independenl Examiner Charles & Co Chartered Certified Accouniants 3 Murray Sireet Llanelli Cannarthenshire SA15 IAQ Approved by order of the board of trustees on . and signed on its behalf by.. R B Bamfonh - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST WALES ACTION FOR MENTAL HEALTH Independent examiner's report to the trustees of West Wales Action For Menlgl Health {'the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having salisfied myself ihat the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Seciion 145 of the Charities Act 2011 ('the 201 l Act,). In carying out my examinaiion I have followed the Direciions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner'5 StAtement I have completed my examination. I confirni that no rnatters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kep¢ in respect of the Company as required by Section 386 of the 2006 Act,. or the accounts do noi accord with those records. or the accounts do not comply wilh Ihe accounling requiremenrs of Section 396 of the 2006 Act oiher than any requirement thai the accounts give a true and fair view which is not a Matter considered as part of an independent examination. or the accounts have not been prepared in a¢cordance with the meihods and principles of the Statement of Recommended Practice for accounling and reporting by charilies (applicable to charities preparing their accounts in accordance with the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102)). have no concerns and have come across no other matlers in connection with the examinalion to which attention should be drawn in this report in order to enable a proper understanding of the accounts ro be reached. R.A.Williams The Association of Chartered Certified Accounlanls Charles & Co Chartered Certified Accountanis 3 Murray Street Llanelli Carniarthenshire SA15 IAQ 5 July 2024 Page 3
WEST WALES ACTION FOR MENTAL HEALTH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Tolal funds 2023 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 326 Charitable ACtivi¢ies Grants 2,600 214,919 217,519 239,792 Investment income 3,489 3.489 650 Total 6,400 214,919 221,319 240,768 EXPENDITURE ON Charitable aclivities Grants (2.097) 208,583 206,486 230,881 Net gains on investments 431,000 NET INCOME Transfers between funds 8,497 12,712 6,336 (12,712) 14,833 440.887 10 Net movement in funds 21,209 (6.376) 14.833 440.887 RECONCILIATION OF FUNDS Total funds brought forward 144,853 9,379 154,232 (286,655) TOTAL FUNDS CARRIED FORWARD 166,062 3.003 169,065 154,232 The noies form part of these financial statements Page 4
WEST WALES ACTION FOR MENTAL HEALTH BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Toial funds Unrestricted funds Restricted funds Notes CURRENT ASSETS Cash at bank and in hand 171,221 3.003 174.224 157,860 CREDITORS Amounts falling due within one year (5,159) (5,159) (3.628) NET CURRENT ASSETS 166,062 3,003 169,065 154,232 TOTAL ASSETS LESS CURRENT LIABILITIES 166,062 3,003 169,065 154,232 NET ASSETS 166,062 3,003 169,065 154,232 FUNDS Unreslricled funds Reslricled funds 166,062 3,003 144,853 9,379 TOTAL FUNDS 169,065 154,232 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance wilh Seclion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records thai comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficil for each financial year in accordance wilh the requirements of Sections 394 and 395 and which oihenvise comply with the requirements of the Companies Act 2006 relaiing to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in accordance with the provisions applicable to charitable companie5 subject lo the small companies regime. The financial slalements were approved by the Board of Trustees and auihorised for issue and were signed on its behalf by.. on R B Bamforth - Trustee The notes fom) part of these financial statements Page 5
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial sta¢ement$ The financial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SOIiP (FRS 102) 'Accounting and Reporting by Charities: Siatemenl 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) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies A¢1 2006. The financial staiemenls have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once ihe charity has entitlement to the funds, it is probable that Ihe income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will b¢ required in 5ettlcrnenl and the amount of the obligation can be measured reliably. Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cos15 cannot be directly attributed lo particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order lo write off each asset over its e5tirnaled useful life. Fixtures and fittings 25 % on cost IT Equipment is written off in full in the year of purchase due to its short life nature. Taxalion The charity is exempi from corporation tax on its charithble activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Hire purchase and leasing commitmenls Rentals paid under operaling leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Pension costs and other post-retirement bertefits The company operate5 a defined benefit pension scheme. An actuarial valuation 15 done each year. Any deficits are recognised in the accounts a5 a contingent liability- Page 6 ontinued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Inierest Received 3,489 650 CHARITABLE ACTIVITIES COSTS Direct Costs Support osls Totals Grants 204,950 1,536 206,486 NET INCOMEI(EXPENDITURE) Net income/(expenditure) is slated after chargingl(crediting): 2024 2023 Auditors, remuneraiion for non audil work Other operaiing leases 1,536 I 1,000 1,536 I 1.000 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for.the yeor ended 31 March 2024 nor for Ihe year ended 31 March 2023. Trustees, expenses There were no Iruslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security cosis Other pension costs 136.046 4,758 19.000 141,199 6,020 22,000 159,804 169,219 The average monthly number of employees during the year was as follows., 2024 2023 Charitable Activities No employees received emoluments in excess of £60,000. Page 7 continued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds Reslricled funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 326 326 Charitable activities Grants 18,251 221,541 239,792 Investment income 650 650 Total 19,227 221,541 240,768 EXPENDITURE ON Charitable activities Grants 9,939 220,942 230,881 Net gains on investments 431,000 431,000 NET INCOME Transfers between funds 440.288 599 440,887 Net movemenl in funds 440,289 598 440,887 RECONCILIATION OF FUNDS Total fund5 brought forward (295,416) 8,781 (286,655) TOTAL FUNDS CARRIED FORWARD 144,853 9,379 154,232 TANGIBLE FIXED ASSETS Fixture$ and fittings COST Ai l April 2023 and 31 March 2024 18,563 DEPRECIATION Al l April 2023 and 31 March 2024 18,563 NET BOOK VALUE Ai 31 March 2024 Al 31 March 2023 Page 8 continued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS- ¢on¢inued FOR THE YEAR ENDED 31 MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade credttors 5,159 3,628 io. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted (unds General fund Development(Designated) Fund Interpretors (Designated) Fund 113,853 30.000 1.000 8,497 12,712 135.062 30,000 1,000 144,853 8.497 12,712 166,062 Restricted funds Ceredigion Dev Worker Pembrokeshire Dev Worker Spirituality Golfing Project Mental Health Forurns Hywel Dda 52 84 1,666 (616) 136 1,666 616 3,105 1,277 4.329 (3,105) (76) 5,278 1.201 (9,607) 9,379 6,336 (12,712) 3,003 TOTAL FUNDS 154,232 14,833 169,065 Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movemenl in funds Unrestricted funds General fund 6,400 2,097 8,497 Restricted funds Ceredigion Dev Worker Pembrokeshire Dev Worker Spirituality Mental Health Forums Hywel Dda 20,310 14,310 (20,226) (12,644) (616) (76) (175,021) 84 1,666 (616) (76) 5,278 180,299 214,919 (208,583) 6,336 TOTAL FUNDS 221,319 (206,486) 14,833 Page 9 ontinued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 10. MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds Transfers between funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Pension Fund Development(Designaled) Fund Interpre(ors (Designaled) Fund 105,564 (431,000) 30,000 9,288 431,000 (999) 113,853 30,000 1,000 1,000 (295,436) 440,288 144,853 Restricted funds Ceredigion Dev Worker Pembrokeshire Dev Worker Spirituality Golfing Project Mental Healih Forums Hywel Dda 4,289 (4,237) (10,730) 52 10.730 616 3,817 59 616 3,105 1,277 4,329 (712) 1,218 15,060 (10,731) 8,781 599 9,379 TOTAL FUNDS (286.655) 440.887 154,232 Comparative net movement in funds, included in the above are as follows.. Incorning resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Pension Fund 19,227 (9,939) 9,288 431,000 431.000 19,227 (9,939) 431,000 440,288 Restricted funds Ceredigion Dev Worker Pembrokeshire Dev Worker Golfing Projecl Mental Health Forums Hywel Dda 21,256 14,310 (25,493) (25,040) (712) (38) (169,659) (4,237) {10.730) (712) 1,218 15.060 1,256 184,719 221,541 (220,942) 599 TOTAL FUNDS 240,768 (230,881) 431.000 440,887 Page 10 conrinued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 io. MOVEMENT IN FUNDS- coDlinued A current year 12 months and prior year 12 month5 combined position is as follows- Net movement in funds Transfers between funds At 31.3.24 At 1.4.22 Unrestricted funds General fund Pension Fund Development(Designated) Fund Interpretors (Designated) Fund 105,564 (431,000) 30,000 17,785 431,000 11,713 135,062 30,000 ,000 1,000 (295,436) 448.785 12,713 166,062 Restritted funds Ceredigion Dev Worker Pembrokeshire Dev Worker Spirituality Golfing Project Mental Health Forums Hywel Dda 4.289 (4,153) (9,064) (616) (712) 1,142 20,338 136 1,666 10,730 616 3,817 59 (3,105) 1,201 (20,338) 8.781 6,935 (12.713) 3.003 TOTAL FUNDS (286,655) 455,720 169,065 A current year 12 months and prior year 12 months combined net movement in fund$, included in the above are as follows.. Incoming resources Resources expend¢d Gains and losses Movement in funds Unrestricted funds General fund Pension Fund 25,627 (7.842) 17,785 431,000 431.000 25,627 (7,842) 431,000 448,785 Restricted (und$ Ceredigion Dev Worker Pembrokeshire Dev Worker Spirituality Golfing Project Mental Healih Forums Hywel Dda 41,566 28,620 (45,719) (37,684) (616) (712) (114) (344.680) (4,153) (9.064) (616) (712) ,142 20.338 1,256 365,018 436,460 (429,525) 6,935 TOTAL FUNDS 462,087 (437,367) 431,000 455,720 Page 11 continued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 EMPLOYEE BENEFIT OBLIGATIONS Dyfed Pension fund Local Government Pension Scheme The date of the most recent actuarial valuation was 31 st March 2024. The total surplus relating to defined benefit schemes schemes for the year recognised in the profit and loss was NIL (2023-£431,000) Reconciliation of scheme assets and liabilities to assets and liabililies recognised Any actuarial deficit is recognised in the financial siatements whilst actuarial surpluses are not. The amoun15 recognised in the staiement of financial position are as follows.. 2024 2023 Fair value of scheme assets Preseni Value of defined benefit obligation 1.620,000 1,487,000 (1.400,000) {1,371,000) Defined benefil pension scheme surplus (deficit) 220,000 116,000 Defined Benefit Obligation Changes in the defined benefit obligation are as follows: 2024 Present value at start of year Current Service Cost Inieresl Members, Contributions Past Service Cost Remeasuremenis (Gains) Benefilsltransfers paid 1,371,000 20,000 66,000 6,000 (I 1,000) (52,000) Present value at end of year 1,400,000 Fair Value of scheme assets Changes in ihe fair value of scheme assets are as follows.. Fair Value at slart of year Inieresl income Remeasuremenls (assets) Administration Expenses Employer Contributions Member conlribuiions Benefits Paid 1,487,000 72,000 88,000 19.000 6,000 (52,000) Fair value at end of year 1,620,000 Page 12 continued...
WEST WALES ACTION FOR MENTAL HEALTH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. Page li
WEST WALES ACTION FOR MENTAL HEALTH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donatlons and legacies Donations 326 Investment income Interest Received 3,489 650 Charitable activitie5 Grants 217,519 239,792 T6tal incoming resources 221,319 240,768 EXPENDITURE Charitable activities Wages Social security Pensions Rent Paid Insurance Telephone Postage and stationery Advert15ing Sundries 136,046 4,758 19,000 I 1,000 245 3,377 2.274 296 27,954 141,199 6,020 22,000 I 1.000 903 3.485 2.264 1,147 41,327 204,950 229,345 Support costs Governance costs Auditors, remuneration for non audit work 1,536 1,536 Tolal resources expended 206,486 230,881 Nel ineome before galns and lossts 14,833 9,887 Realised recognlsed gains and losses Actuarial Losses on Pension 431,000 et income 14,833 440,887 This page does not fom part of the siatutory financial statements Page 14