REGISTERED COMPANY NUMBER: 03180757 (England and Wales) REGISTERED CHARITY NUMBER: 1066411 Chartered Accountonts Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Mind in the Vale of Glamorgan l Reg151eied Orflce Radnoi House Greenwcocj Close Coioiff Gole BunesS Polk Coiaiff CF23 8 T.102912073 4100 trulbL)U0C¢ouftloftI5.cO,uk W wWw,DtyJctc(OrnI$.CO.uk Diréctors Ar)drew Milèi. FCA HLW Polln. FCA Nick Toye. FCA rtin Knighl. CTA Assockjtes AntrK)ny Roblin. FCA BPU Limited Chartered Accountants Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA Qeysieted to ¢oiryon wor Ir* UKaiiCS iegul0tÈ¢ for o Igrye Of ITlyw•menl Dusiress QCIMThes bv In¥ilutèot Chorteieakncounttsnls in ona Wa4w bpu CNOltèrèd A¢eoun1onls o Iwlry norneol BPU Lt ComFony uter 3723948 isieiea its we. ICAEW CHARTERED ACCOUNTANTS business potential unleashed
Mind in the Vale of Glamorgan Contents of the Financial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Independent Examinerfs Report 12 Statement of Financial Activities 13 Balance Sheet 14 to 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notes to the Financial Statements 18 to 29 Detailed Statement of Financial Activities 30 to 31
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 The trustees who are also directors of the charrty 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 trustees have adopted the provisions of Accounting and Reporting by Charities: 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) (effective 1 January 2019). STRUCTURE. GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by rts goveming document, a deed of trust. and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 03180757 {England and Wales) Registered Charity number 1066411 Registered office Old Cadoxton Surgery 31 Barry Road Barry Vale of Glamorgan CF63 1BA Trustees K Canning Dr M Colernan Dr K Dohety- appointed 1410512023 J M Lewis - appointed 1310612023 S J Reynolds C Windle Company Secretsry C J Chapman Independent Examiner John Huw Palin FCA BPU Limited Chartered Accountants Radnor House Greenwood Close Cardiff Gate Business Park Cardiff CF23 8AA Company Bank Unity Trust Bank PLC 9 Brindley Place Birmingham BI 2HB
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 in the Vale of Glamorgan ANNUAL TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees, also Directors of the Charity for the Companies Act, present their report and financial statements for the year ended 3151 March 2024. Governin Document Mind in the Vale of Glamorgan is a charitable company limited by guarantee. As Barry Mind, it was registered as a Charity in 1977. It changed its name to Mind in the Vale of Glamorgan on 11t April 1996. The Company was established under a Memorandum of Association, which established the objects of powers of the charitable company and is governed under its Articles of Association. If the company is wound up, members must contribute an amount not exceeding £1. Mind in the Vale of Glamorgan is affiliated with Mind, the national mental health charity. Recruitment and A ointment of Mana ement Committee The organisation is managed by a voluntary Trustee Committee whose role is to set Mind in the Vale of Glamorgan's overall objectives and ensure that it meets its legal and moral obligations. The Trustees are responsible for Mind in the Vale of Glarnorgan and its seNice delivery. The Trustees are drawn from a wide background, bringing together professional, commercial, and local experience. Some members can provide a lived-experience perspective, representing a significant proportion of the Trustee Committee. The Trustees meet formally every two months and more frequently if operational or governance issues require it. The Truslees are responsible for the organisation's strategy and policy framework. It delegates that framework's day-to-day management and implementation to the Chief Executive Officer. At least two trustees must be users of mental health services to ensure that the experience of people who use menlal health services infoms the organisation's Governance and strategic development. No member of the Trustee Committee shall normally serve for more than five years without one yearfs absen from the Committee. However. the General Meeting may decide to extend the person's membership if it so chooses. None of the trustees received remuneration for their work as trustees, and there have been no related party transactions.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Res onsibilities of the Trustees Governance and Mana ement The Charivs Trustees are legally responsible for its overall management and decision-making. The Charity employs paid staff to carry out its work. and the Trustees are responsible for monitoring and controlling their activities. The Trustees are also Directors under the Companies Act. The Trustees are elected annually by the charitys members at the Annual General Meeting and form the Trustee Management Committee. The Committee also has designated members who carry out the roles of Chair, Vice-chair. and Treasurer, and these are elected at the first Trustee meeting after the AGM. There can be up to 12 Trustees, of which a minimum of 2 must have lived experience of mental health problems. Up to 12 people may be ccFopted to serve on the Commtttee. Before the Annual General Meeting, the Charity notifies members that nominations are sought for election to the Management Committee. Those members interested in serving are invited to meet with the Chair to discuss the role in greater detail and also which skills a needed for the individual to contribute actively and effectively. Following the Annual General Meeting, the Management Committee will consider its new composition and skill mix and redress any shortcomings via advertisement and initial co-option of interested persons. Before c&option, the would-be Trustee is invited to attend a Trustee Meeting as an observer before becoming a co-opted member.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Our Im act Re ort for Services Delivered 2023-2024 SUPPORTED . OUR SERVICES I 'coLMSELUNO , DA Y SERVICES •. VELL8EVIO 7137 - PEOPLE wrrH IIENTAL HEALTH PROBLEMS 85 VOLUNTEERS *' SOCIAL PRESCRIB IPPORTED 103 PEOPLE RETURNED TO WORK 79 PEOPLE REfAINED TH• EIIPLOYMENT PEOPLE &YTO VOUINTEERVIG Our outcomes IMPROVMENT IN MANAGIN• hlENTAL HEALTH 124% INCREASE IN WELLBEINO ICREASE IN ' SELF4STEEII
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Princi les - How our activities deliver ublic benefrt The Trustees have considered the Charity Commission's guidance on public benefrt. Mind in the Vale of Glamorgan is an independent mental health charity affiliated with Mind National. We work with and for people who experien mentsl health problems. We provide InfOatIOn so people know their rights and can make informed choices. We believe that one size doesn't fit all. We offer a holistic, person-centred service, working in partnership wtth all agencies for the individual's benefrt. We aim to provide accessible, adaptable, perS0n-ntered, and recovery-focused serrfices. People who access our services should be actively involved in planning and delivering them. To challenge stigma and discrimination experienced by people who are marginalised by society. To assist people to achieve their goals and ambitions Our Influence and Participalion Policy ensures the co-production of our seniice planning, delivery, and governance forums and encourages us to work alongside staff as partners in our service delivery. Anyone can self-refer to our services onllne, by telephone, or by visiting our offices in Barry, Penarth, or Llantwit Major. The Ke Ob ectives of Mind In the Vale of Glamo an Person-centred provision.. to promote the individual's recovery from mental illness and to develop their resilience to manage their mental health and wellbeing. Provide evidence-based interventions to meet the needs of people wtth mental illness and ensure a recovery-fcKused Servi provision. Provide a support model per the Social Care and Wellbeing Act 2014". Continue maintaining solid links and referral arrangements with the Vale Locality Mental Health Team, Primary Care. Voluntary and Statutory Organisations. Provide voluntary opportunities wtthin the organisation and with exlemal voluntary services. Provide educational opportuntties by working in partnership with Adult Learning Wales, offering accredited courses wtthin the communty. Provide support with job retention., two eXperiend staff members offer support and advice for people with mental health problems to maintain employment. We are a 'Mindful Employer,, a charter for optimistic ernployees about mental health. To continue to challenge discrimination and stigma through campaigning and training.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Services and si nificant activities Mind in the Vale offers services that cover the Vale of Glamorgan wtth offices based in Barry (Central Vale), Penarth (Eastem Vale), and Llantwit Major (Westem Vale). We also run a Mind Shop in Llantwtt Major that promotes the organisalion, generates funds, and provides volunteering and training opportunities. Mind in the Vale is committed to supporting people to achieve the best possible outcomes by offering the following.. 1. Peer Support, people participate in their recovery process by engaging and socialising in a safe and welcoming communty venue. 2. A holistic approach. providing support that looks at the whole person, not just their mental health needs. 3. Infomiation. 4. Representation at community functions. 5. Outreach. 6. Appointments. 7. Advice. 8. Guided Self-Help from the Centre of Clinical InteNentions. 9. Partnership working with Primary and Secondary care providers. 10. Social Prescribing. 11. Counselling 12. Evidence-based interventions and outcomes. 13. Complimentary therapies. 14. Personal support. 15. Training. 16. Positive social circles. 17. Leisure opportunities. 18. Educational opportunrties. 19. Volunteering opportunities. 20. Employment opportunities. Mind in the Vale organises and signposts people to various community activities, courses. and groups in collaboration with Mu[ple communty partners. Mind in the Vale of Glamorgan works with other agencles to avoid duplication. We continue to receive referrals from GPS or *lf-referrals in all three Cluster Groups within the Vale of Glamorgan - Central Vale (Bary & Sully). Eastem Vale (Dinas Powys & Penarth). and Western Vale (Rhoose, St. Athan, LIan[t Major and Cowbridge). This contract partners with GPS, PMHSS (Cardiff & Vale Primary Mental Health Support Services). and the Cardiff & Vale Primary Mental Health Liaison Service to ensure seamless, safe, and effective sepdice delivery.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Working closely with the Vale Locality Mental Health Team ensures pathways for patients who may not need secondary care, ensuring available help, and working with discharge planning. We offer guided self-help and Ccls (Centre of Clinical Interventions) for a period of 6- 8-week courses of guided self-help sessions. The Ccls cover Assertiveness, Self Esteem. Depression, Panic, Worry, Perfectionism, Procrastination. Social Anxiety and Distress Intoleran. We also provide open-access pSyCheducation courses - Stress Control and ACTivate Your Life- in community venues and online. The success of this seriice is measured using the Recovery Star, COREOM, CORE10, and Feedback. We welcome seff-referrals and offer support to anyone in the Vale of Glamorgan who is struggling with mental health. We continue to partner with voluntary, communty, and statutory sep4ices. Partnership and multi-agency working ensure support is put in Pla to manage and maintain mental health and well-being. Mind in the Vale of Glamorgan attend Yekly MDT and Referral meetings at the Vale Locality Mental Health Team. Peer Support Guided Self Help One to One support Group Work Training Practical and Emotional Support Job Retention Counselling The outcome measures we use are Recovery Star, COREOM, CORE10 and Feedback Fomis. Wellbein Social Prescribin and Sin le Point of Access Central Vale GP Cluster Mind in the Vale has secured funding to continue this valuable. much-needed Se1 in Central Vale. This service, which mainly relies on Se-referra1$. frees up valuable time for GPS. Referrals can be made online using our website, telephone, and drop-in for digttally excluded people.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Pathfinder - Fast Track GP referrals contacted within 24 hours . This Servi ensures people are contacted within 24 hours of a GP referral. Funding has been secured for this service. and uptake is 120 %. Again, this service offers GPS extra support wrth patients experiencing difficutties with practical issues that must be addressed as early as possible. The Mind Sho Llantwit ma.or The shop offered volunteering opportunities and was a valuable source of unrestricted funds. Volunteering opportunrties can act as a stepping stone into external volunteering or employment. All volunteers have a chance to receive accreditation for their roles. It also enables Mind in the Vale to be part of a community, offering valuable infonnation to members of the public. Mind uali Mark This includes Mind's vision and values. The MQM uses a holistic framework bespoke to the Mind family. It is rooted in Mind's values. It assesses legal and regulatory compliance. The MQM includes the Charty Commission's govemance, legal requirements, and other legislative obligations. The standards include good safeguarding practices, people management, and financial and risk management. It includes the voices of lived experience. People who've used mental heatth services are a crucial part of the review team and process, and reviewers speak with people using an organisation's services to find out their views. The standards are periodically updated to ensure they remain appropriate and relevant, reflect good practice, and account for changes in law and charty governance. Mind in the Vale of Glamorgan was awarded the Mind Qualty Management (MQM) in January 2024. The MQM is a robust qualty assurance framework created by Mind, the mental health charity. MQM sets the baseline of best practice and legal Complian in all areas of a local Mind's governance and activities. To achieve the MQM, Mind in the Vale successfully met all 24 essential standards. The MQM assures that local Minds across England and Wales are welkrun organisations that meet Mind's expectations of good practice and, in many cases, excel beyond those expectations. It assures that they are healthy, ambitious, and strong in providing the highest qualty support to people experiencing or at risk of developing mental health problems. Mind in the Vale of Glamorgan benefrts from our CEO'S membership in the MQM Team. This allows us to work with a knowledgeable and skilled team and receive excellent training and advice.
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 Financial Review and Reserves Polic The accounts show a surplus for 2024 of £24,502 (2023 deficit £64,982) on income of £612,209 (2023 £598,038}. The unrestricted reserves have increased from £266,806 as at 1st April 2023 by £16,075 to £282,881 as at 31st March 2024. The restricted fund brought forward of £23,747 was increased to £32,174 at 31 st March 2024. Mind in the Vale has a reserves policy of holding 3 to 6 months of annual expected expendtture to cover commitments. This equals approximately £146,927 that the Trustees aspire to hold as minimum. At the 31 st March 2024 they hold £282,881 unrestricted reserves. This equals approximately to 5.8 months of expected average expendtture. The Reserves policy is formally reviewed annually. All involved in Mind in the Vale worked extremely hard in the 2023124 accounting year 3181 March 2024. The Trustees have made changes and reduced costs whilst maintaining the core services provided by Mind in the Vale. They have remained vigilant in regard to the financial position and have increased reserrfes and are happy the balance sheet remains strong in this financial year. Risks Polic The Trustees have reviewed the significant risks to the organisation and have risk management policies in place, which are evaluated annual. The Trustees ensure all our beneficiaries are dealt with properly and risks are identrfied and minimised appropriately. To minimise the effect on the organisation of a funding loss, the Trustees have a reserves policy to meet possible unexpected obligations and give time to find alternative sources of funds. Like many other chartties, Mind in the Vale of Glamorgan will face mounting challenges over the coming years in continuing to attract funding to provide quality sepiices. Of significant importance are: The ability to cover core costs, maximise full cost recovery of projects and services, and look towards altemative income Sour$. The ability to maintsin an active Management Committee with clear guidelines and training and to ensure a robust staffing structure to support the chartvs work. Maintain Mind QualFty Management systems. Continue to use robust Outcome Measures in line wrth Matrix Cymru guidelines. Continue to work Close and in partnership wtth primary and secondary providers to ensure a seamless service for all beneficiaries. To continue collaborating with local colleges and Adult Leamers Wales to offer accreditation to all volunteers and placements.
Mind in the Vale of Glamorgan Report of the Trustees for th6 Year Ended 31 March 2024 To maintain a high qualty, cost-effective, recovery-focused service delivery. To access other funding streams to enhance our service delivery. To develop unrestricted funding streams within our current service delrvery. To continue working collaboratively with all agencies within the Vale of Glamorgan to avoid duplication and ensure a seamless sep4ice. Continue to be creative with fundraising and sales to ensure unrestricted income is available. RESPONSIBILITY OF TRUSTEES The Trustees (who are also the directors for Company Law) are responsible for preparing financial statements for each financial year following United Kingdom Generally Accepted Accounting Practice. The financial statements are required by law to give an accurate and fair view of the state of affairs of the charity and the incoming resources and application Of resources, including the income and expenditure of the company and the surplusldeficit of the charity for that period. In preparing these financial statements. the Trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charity SORP; Make judgements and estimates that are reasonable and prudent. State whether applicable UK Accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements. Prepare the financial statements on the going concern basis unless It is inappropriate to presume that the company will continue in business. The Trustees are responsible for ensuring proper accounting records are kept which disclose with reasonable accuracy at any time the financial posttion of the Charity and to enable them to ensure that the financial statements compty with the Charities Act 2011 and the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the Charity and hence taking reasonable steps for the prevention and detection of fraud and other iffegulartties. The trustees oversee the charity website, which was set up voluntarily by a webstte designer and maintained by staff members. The trustees are responsible for maintaining the integrity of the corporate and financial information included on the charitable companrfs website. Legislation in the United Kingdom goveming the preparation arid dissemination of financial statements may differ from legislation in other jurisdictions. Under Charty law. as the Trustees. we rtify that.. So far as we are aware. there is no relevant infomiation of which the Charity's accountants are unaware, and As the Trustees of the Charity, we have taken all steps to make ourselves aware of any relevant infomation and to establish that the Charity's accountants are aware of that infonnation. 10
Mind in the Vale of Glamorgan Report of the Trustees for the Year Ended 31 March 2024 The Trustees declare that they have approved the trustees. report (incorporating the directors. report) above. Signed on behalf of the charty's trusteesldirectors on . K4'Jy'eLLI i( Kevin Canning Chair Caroline Chapman CEO 11
Independent Examiner's Report to the Trustees of Mind in the Vale of Glamorgan Independent examinerfs report to the trustees of Mind in the Vale of Glamorgan ('the Company.) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024. Chartered Accountants Responsibilities and basis of report As the charity's trustees of the Company (and also its 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 satisfied myself that 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 Section 145 of the Charities Act 2011 {'the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be member of a listed body. I can confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. Ile9lsteièd Ottlc• Rodn(y H(Se Gieenw(xxS C105e Cardim Gote Bu5irEss Park Caidltl CF23 8AA I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act., or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that 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 accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102>). T., [02912073 4100 WU..Dccoun1Qnfs.Co.Uk W. LQuJCc0iatsIs.CO. Llie¢lors ArKlrew Millei, FCA Huw Poiin. FCA Nick Toye. FCA Mortin Knuht, CTA I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable proper understanding of the accounts to be reached. Asyocloles Anthony Rouin. FCA rgisleieo IDcoityoD J11 wcKk In Ing UK ieguk)iea ICM o tts ol inve.tmpnt octMtE$ Dv the Instilu ol CMfl61ÈdAL¢Wrton15 In Engkjnd on0w05 John Huw Palin FCA ICAEW BPU Limited Chartered Accountants bpu Ch¢Kl818dAccouTrtonts1s a tlQfJinQ norre Of 8PU Lld C(wrwnvNurfei 3723948 Qe•s16td in Woks Date.. rfe.v 14. 12 business potentiol unleashed ICAEW CHARTERED ACCOUNTANTS
Mind in the Vale of Glamorgan Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 March 2024 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 21,853 21,853 21,075 Charitable activities Charitable activities 11.903 490,776 502,679 476,891 Other trading activities 87,677 87,677 100,072 Total 121,433 490,776 612,209 598,038 EXPENDITURE ON Raising funds 1,464 1,464 1,383 Charitable activities Other trading activities Charitable activities 18,178 68.024 18,178 568,065 30,439 631,198 500,041 Totsl 87,666 500 041 587,707 663,020 NET INCOMEI{EXPENDITURE) Transfers betwaen funds 33,767 {9,265) 17,692 24,502 (64,982) Net movement in funds 16,075 8,427 24,502 (64,982) RECONCILIATION OF FUNDS Total funds brought forward 266.806 23,747 290,553 355,535 TOTAL FUNDS CARRIED FORWARD 282,881 32,174 315,055 290,553 The notes fom part of these financial statements 13
Mind in the Vale of Glamorgan Balance Sheet 31 March 2024 2024 2023 Notes FIXED ASSETS Intangible assets Tangible assets 13 14 472 35,835 26,711 26,711 36,307 CURRENT ASSETS Debtors Cash at bank 15 30,242 286.586 3,263 264,296 316,828 267,559 CREDITORS Amounts falling due within one year 16 {28,484) (13,313) NET CURRENT ASSETS 254,246 TOTAL ASSETS LESS CURRENT LIABILITIES 315,055 290,553 NET ASSETS 315,055 290,553 FUNDS Unrestricted funds Restricted funds 18 282,881 32.174 266,806 23,747 TOTAL FUNDS 315,055 290,553 The notes form part of these financial statements 14 continued...
Mind in the Vale of Glamorgan Balance Sheet- continued 31 March 2024 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 qUired the company to obtain an audit of tts financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The Irustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting CordS that comply with Sections 386 and 387 of the Companies Act 2006 and (b) 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 deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charttable company. The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by.. K Canning - ee The notes fonn part of these financial statements 15
Mind in the Vale of Glamorgan Cash Flow Statement for the Year Ended 31 March 2024 2024 2023 Notes Cash flows from operating activitles Cash generated from operations 24,112 32,091) Net cash provided byl(used in) operating activities 24.112 32,0911 Cash flows from investing activities Purchase of tangible fixed assets 1,822) 31,639) Net cash used in investing activities 31,639) Change in cash and cash equivalents in the reporting period Cash and cash equlvalents at the beginning of the reporting period 22,290 (63,730) 264,296 328,026 Cash and cash equivalents at the end of the reporting period 286,586 264,296 The notes foTh part of these financial statements 16
Mind in the Vale of Glamorgan Notes to the Cash Flow Statement for the Year Ended 31 March 2024 RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net incomel{expenditure) for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assets (Increase)Idecrease in debtors Increase in creditors 24,502 {64,982) 11,322 96 (26,979) 15,171 4,963 23,159 4,769 Net cash provided byl(used in) operations 24,112 32,091) ANALYSIS OF CHANGES IN NET FUNDS At 114123 Cash flow At 3113124 Net cash Cash at bank 264,296 22,290 286,586 286,586 Total 264,296 22,290 286,586 The notes form part of these financial statements 17
Mind in the Vale of Glamorgan Notes to the Financial Ststements for the Year Ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charttable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Incom8 All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. The following specific policies are applied to particular categories of income.. i.Voluntary income is received by way of donations and membership fees and is included in accounts when receivable. ii. Grants, where entrtlement is not condrtional on the delivery of a spectfic performance by the charity, are recognised when the charty becomes uncondttionally entitled to the grant which will normally be when the grant is actually reived. Grants, where related to the perfomiance and specific deliverables, are accounted for as the charity earns the right to consideration by its perfonan. Deferred income represents grant monies received for future periods and released to incoming resources in the period to which it relates. iii. Trading income is included when receivable. iv. Donated services and facilities are included at the value to the charty where this can be quantified and are material. v. Investment income and all other income is recognised when receivable. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendrture, tt is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpendÉture is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Intangible fixed assets Amortisation is provided on intangible fixed assets at rates calculated to write off the cost of each asset over its estimated useful life. Assets are originally included at cost and amortised over three years on a straight line basis. 18 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ACCOUNTING POLICIES - continued Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Equipment Computer Equipment 25 % straight line 250k straight line Taxation The charity is exempt from corporation tax on its charitable activities. Fund accountlng Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can onty 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. Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. DONATIONS AND LEGACIES 2024 2023 Donations 21,853 21,075 OTHER TRADING ACTIVITIES 2024 2023 Sale of goods and ServIS - Barry shop Sale of goods and ServIS - Food & other Sale of goods and ServIS - Western Vale shop Income generated by fundraising Other income - Training 8,595 3,303 73,779 24,718 2,588 67,515 5,170 81 2,000 87,677 100,072 19 continued...
Mind in the Vale of Glamorgan Notes to the Financial Ststements - continued for the Year Ended 31 March 2024 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Activity Charitable activrties Charitable activities Grants Counselling services 490.776 11,903 467,989 8,902 502.679 476,891 Grants received, included in the above, are as follows.. 2024 2023 Cardiff & Vale University Health Board Vale of Glamorgan Council - Barry Vale of Glamorgan Council - Western Vale Cardiff & Vale UHB - Tier Zero GP Cluster Cardrff & Vale UHB & C.V. GP Cluster Active Monitoring Mind National 179,424 67,496 36,310 118,389 42,000 47,157 179,425 62,496 33,621 118,390 42,000 27,057 5,000 490,776 467,989 RAISING FUNDS Raislng donations and legacies 2024 2023 Pencotre School Cardiff marathon expenses 1,464 1,383 1,464 1,383 20 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS Direct Costs (see note 7) Support costs (see note 8) Totals Other trading activities Charitable activities 1,379 443,621 16,799 124,444 18,178 568 065 445,000 141,243 586,243 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Recruitment costs Supep4ision Slaff training Staff travel expenses Volunteer expenses Business stock 409,620 920 6,767 20,197 1,525 1,917 4,054 439,950 1,280 6,718 9,244 1,389 4,978 445,000 465,603 SUPPORT COSTS Govemance costs Other Totals Other trading activities Charitable activities 16.799 113.440 16,799 124,444 11,004 130,239 11,004 141,243 21 continued...
Mind in the Vale of Glarnorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 SUPPORT COSTS - continued Support costs, included in the above. are as follows: 2024 2023 Other trading Charitable activities activities Total activities Total activities Rates and water Insurance Light and heat Telephone Postage and stationery Rent & room hire Affiliation fees & subscriptio ns Repairs & maintenance Motor expenses Cleaning & PPE Publicity & sponsorship Entertaining Sundry expenses Computer expenses Amortisation of intangible fixed assets Depreciation of tangible fed assets Loss on sale of tangible fixed assets Wages Auditors, remuneration AGM expenses Legal and professional fees (900) 371 9,312 9,183 21,872 8,790 30,854 2,964 9,687 644 1.836 1.342 1.176 1.745 2.246 (529) 9,312 11,651 22,248 8,829 43,445 2,964 11,459 732 2,007 1,342 1,176 1,939 2,246 387 7,803 17,972 16,594 9,900 39,180 2,002 61,436 556 4.304 6.690 797 3,327 8,020 2,468 376 39 12,591 1,772 88 171 194 472 10,850 96 925 3,651 472 10,850 96 925 3,651 1,262 3,701 925 3,024 228 7,926 6,428 6.428 16,799 124,444 141,243 196,034 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is stated after chargingl(crediting): 2024 2023 Audttors, remuneration Depreciation - owned assets Deficit on disposal of fixed assets Website amortisation 3,65 10,850 96 472 3,024 3,701 1,262 22 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 10. TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefrts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Trustees. expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. 11. STAFF COSTS 2024 2023 Wages and salartes Social security costs Other pension costs 372,287 28,085 10,173 399,074 31,706 10,095 410,545 440,875 The average monthly number of employees during the year was as follows: 2024 12 2023 16 Charitable activities Governance costs 13 17 No employees received emoluments in excess of £60.000. 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund funds Total funds INCOME AND ENDOVVMENTS FROM Donations and legacies 21,075 21,075 Charitsble activities Charitable activities 8,902 467,989 476,891 Other trading activities 100,072 100.072 Total 130,049 467,989 598,038 EXPENDITURE ON Raising funds 1.383 1,383 23 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 12. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted fund Restricted funds Total funds Charitable activities Other trading activtties Charttable activities 30,439 8.362 30,439 631,198 622.836 Totsl 38,801 624,219 663,020 NET INCOMEI(EXPENDITURE) Transfers between funds 91,248 38,846) (156,230) 38,846 (64,982) Net movement in funds 52.402 (117.384) (64,982) RECONCILIATION OF FUNDS Total funds brought fOard 214.404 141.131 355,535 TOTAL FUNDS CARRIED FORWARD 266.806 23.747 290,553 13. INTANGIBLE FIXED ASSETS Website COST At 1 April 2023 and 31 March 2024 3,785 AMORTISATION At 1 April 2023 Charge for year 3,313 472 At 31 March 2024 3,785 NET BOOK VALUE At 31 March 2024 At 31 March 2023 472 24 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 14. TANGIBLE FIXED ASSETS Motor Computer vehicles equipment Equipment Totals COST At 1 April 2023 Additions Disposals 28,801 336 4,701 55,277 1,486 88,779 1,822 At 31 March 2024 29.016 4.701 56,763 90,480 DEPRECIATION At 1 April 2023 Charge for year Eliminated on disposal 23,910 1,307 25) 4,701 24,333 9,543 52,944 10.850 25) At 31 March 2024 25,192 4,701 33,876 63.769 NET BOOK VALUE At 31 March 2024 3,824 22,887 26,711 At 31 March 2023 4,891 30,944 35,835 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Other debtors Prepayments 20 25,951 4,271 1,992 1,271 30,242 3,263 25 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors Other creditors Accruals and deferred income 14,222 8,184 6,078 7,997 1,280 4,036 28,484 13,313 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total funds Unrestricted Restricted fund funds Fixed assets Current assetsl(liabilities) 1,845 281,036 24,866 7,308 26.711 288.344 36,307 254,246 282,881 32,174 315 055 290,553 18. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 3113124 At 114123 Unrestricted funds General fund 266,806 33,767 (17,692) 282,881 Restricted funds Day servIs GP Centred Waterloo foundation Mind National - Equipment Active Monitoring 17,502 4,334 472 1,139 300 (11,721) (3,163) (472) (1,139) 7,230 14,499 3,193 20,280 4,364 7,530 23,747 9,265) 17.692 32,174 TOTAL FUNDS 290,553 24,502 312,055 Mind in the Value used their own unrestricted reserves as a contribution towards the running costs of the Day serViS and GP Centred projects. 26 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 121,433 (87,666) 33,767 Restricted funds Day SeNices GP Centred Waterloo foundation Mind National - Equipment Active Monitoring 283,230 160.389 (294,951) (11,721) (163,552) (3,163) {472) (472) (1,139) (1,139) 39,927) 7,230 47,157 490,776 TOTAL FUNDS 612.209 587.707) 24,502 Comparatives for movement in funds Net movement in funds Transfers between funds At 3113123 At 114122 Unrestricted funds General fund 214,404 91.248 (38,846) 266,806 Restricted funds Day servIs GP Centred Morrison's Foundation Waterloo foundation Mind National - Equipment Active Monitoring 72.531 49,038 15,550 1,734 2.278 (95,126) (61,937) (3,730) (1,262) (1,139) 6,964 40,097 17,233 (11,820) 17,502 4,334 472 1,139 300 6,664) 141,131 156,230) 38,846 23.747 TOTAL FUNDS 355,535 64,982) 290,553 27 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended Movement in funds Unrestricted funds General fund 130.049 (38,801) 91,248 Restricted funds Day Services GP Centred Wellbeing & single point of acws Morrison's Foundation Waterloo foundation Mind National - Equipment Active Monitoring Mind National - Ukraine 275.542 118,390 42,000 (370,668) (180,327) {42,000) (3,730) (1,262) (1,139) (20,093) 5,000) (95,126) (61,937) (3,730) (1,262) (1,139) 6,964 27,057 5,000 467,989 624,219) 156,230) TOTAL FUNDS 598,038 663,020) 64,982) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 3113124 At 114122 Unrestricted funds General fund 214,404 125,015 (56.538) 282,881 Restricted funds Day Services GP Centred Morrison's Foundation Waterloo foundation Mind National - Equipment Active Monitoring 72,531 49,038 15,550 1,734 2,278 (106,847) (65,100) (3,730) (1,734) {2,278) 14,194 54,596 20.426 (11,820) 20,280 4,364 6.664) 7,530 141,131 165,495) 56.538 32,174 TOTAL FUNDS 355.535 40,480) 315,055 28 continued...
Mind in the Vale of Glamorgan Notes to the Financial Statements - continued for the Year Ended 31 March 2024 18. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming Resources resources expended Movement in funds Unrestricted funds General fund 251,482 (126,467) 125,015 Restricted funds Day servIs GP Centred Wellbeing & single point of acws Morrison's Foundation Waterloo foundation Mind National - Equipment Active Monitoring Mind National - Ukraine 558,772 278,779 42,000 (665,619) (106,847) (343,879) (65,100) (42,000) {3,730) (1,734} (2,278) (60,020) 5,000) (3,730) (1,734) (2,278) 14,194 74,214 5,000 958,765 (1,124,260) 165,495) TOTAL FUNDS 1,210.247 (1,250.727) 40,480) 19. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. 29
Mind in the Vale of Glamorgan Detailed Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations 21,853 21.075 other trading activities Sale of goods and services- Bary shop Sale of goods and servIs- Food & other Sale of goods and servIS - Westem Vale shop Income generated by fundraising Other income - Training 8,595 3,303 73,779 24,718 2,588 67,515 5,170 81 2,000 87,677 100,072 Charitable activities Grants Counselling ServIS 490,776 11,903 467.989 8,902 502,679 476,891 Totsl incoming resources 612,209 598,038 EXPENDITURE Raising donations and legacies Pencotre School Cardiff marathon expenses 1,464 1.383 1,464 1,383 Charitable activities Wages Social security Pensions Recruitment costs Supervision staff training Staff travel expenses Carried fotward 371,362 28,085 10,173 920 6,767 20,197 1,525 439,029 398,149 31,706 10,095 1,280 6,718 9,244 1,389 458,581 This page does not form part of the statutory financial statements 30
Mind in the Vale of Glamorgan Detsiled Statement of Financial Activities for the Year Ended 31 March 2024 2024 2023 Charitable activities Brought forward Volunteer expenses Business stock 439,029 1,917 4,054 458,581 2,044 4,978 445,000 465,603 Support costs Other Rates and water Insurance Light and heat Telephone Postage and stationery Rent & room hire Affiliation fees & subscriptions Repairs & maintenance Motor expenses Cleaning & PPE Publicity & sponsorship Entertaining Sundry expenses Computer expenses Amortisation of intangible fixed assets Depreciation of tangible fixed assets Loss on sale of tangible fixed assets (5291 9,312 11,651 22,248 8,829 43,445 2,964 11,459 732 2,007 1,342 1,176 1,939 2,246 472 10,850 96 387 7,803 17,972 16,594 9,900 39,180 2,002 61,436 556 4,304 6,690 797 3,327 8,020 1,262 3,701 130,239 183,931 Governance costs Wages Auditors, remuneration AGM expenses Legal and professional fees 925 3,651 925 3,024 228 7,926 6,428 11,004 12,103 Total resources expended 587,707 663,020 Net incomel(expenditure) 24,502 64,982) This page does not form part of the statutory financial statements 31