COMPANY REGISTRATION NUMBER: 03607430 CHARITY REGISTrATION NUMBER.. 1071770 4 Winds User Led Association Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 CARSTON ETL Chartered accountants 1 st Floor, Tudor House 16 Cathedral Road Cardiff CF119LJ
4 Winds User Led Association Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees. annual report (incorporating the diTectorfs report) Independent examinerfs report to the trustees statem8nt of financial activities (includirvJ income and expenditure account) Statement of financial position Notes to the financial statements 10 11
4 Winds User Led Association Company Llmited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) Year ended 31 March 2024 T truslees. who are also the dlrectors for the purwses of company law. psent their reF(•rt and the unaudited fin£ncial statements of the charity for the year ended 31 March 2024. Reference and admlnlstratlvo detalls Registered charity name 4 Winds User Led Association Charlty r•glslratlon number 1071770 Company reglstration number 03607430 Prlnclpal offl¢• and reglster•d 65 Clare Road office Grangelown Cardiff CF116QP The trustees Kathryn Lod Cheryl Johnson Jonathan R0derk Susan Ellice Hooper Clffford Golden Ken Urnvin (Appointed 3 Decernber 2020) (Appoinl8d 29 January 2024 (Appjlnted 29 January 2015) (Appointed 29 January 2024) (Appointed 20 December 2022) (Appointed 3 December 2009) Company secretary Susan Jones Indèpendent examiner Farzana Ahmed FCCA C8rston ETL 1 st Floor, Tudor House 16 C£thedral Road Cardlff CF11 9U
4 Winds User Led Association Company Limlted by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Icon Year ended 31 March 2024 Objectives and activitles Our charitable objects as stated in our MemorarKlum and Micles of Associalion are: Yo promote Ihe relief of persons expeTiencing mental heafth difficulties within the area of Cardiff, the Vale of Glamorgan and surrounding areas by providing an independenL user led resource I drop-in ntre and associated support, in order to enable and empower users of its Servi to obtain their ftjll rights an(J privleges as citizens,. 4Winds continues to provide a uw-led mental health resource service lo adults of working age living in Car(liff and the Vale of Glamorgan. The service is unique in the locality,. it is user led and user managed (the management is comrxised exclusively of people who use I have used merital health seNlces) and it operates a flexible and responsive, Trcovery focussed Servi with a range of support options available. Our Mission statement Is: 4Wlnds User Led Ass(latIOn exlsts to provtde an open-ac¢ess M112[ health resource for people living in Cardiff and surroundir¥J areas. We promote recovery thrcmjgh provlsfon of support, information and opportunities for invc4vemenl. A range of person centred. trauvna informe¢J 2nd recovwy focused mental health support rA)ntinues to be offered by 4Wlnds In brief our services Include: Emollonal su orllmental Heath Recove Stsr su ort Workers offer a raroe of emotional support servkes Including Ilstening support. infom)ation, slgnpostlng, sodal prescribing. guided self-help and liaising wlth a huge rae of communlty organisalions. health and soclal care professionals. Workers are encouraged lo worktlexibly, to take a holistic 8pproach and to promote recovery and independence. All workers are also trained and licensed to use the Mental Healih Recovery Star person ntr8d outcom8S t(x)I which is invaluable for service users to idenlfy support needs arKI to chart ¢0very in a hollstlc and person centred way. This support Is generally offered in person, typically offering 6 se8slons but we ¢ontinue to give the option of telephone or online calls for those who struggle to make face to face appointments. Social Contact and Peer Su ort. Many people accessing our serrfice experience loneliness, isolation ar¥J low seff-esteem. The resource service and open access peer support sessions held twlce weekly offers opportunrties for individuals to make social contact and access peer support; a key f10r in the recovery process for many people. Peer support has been identrfied as crucial to mental healih recovery". this is an incredibly important and effective part of the Servi at 4Winds. Many robust networks of support have been established this way and many peoF4e enjoy a much-increased quality of lrfe as a result. The organlsation of wellbelng activities including workshop5. creative activities and o(%asional social galherings also offer valuable opportunities for social contact and peer suppiyL We also continue to run a monthly zoom group for those who find it difficult to get trj the face to face peer support groups )(UnItIeS for Involvemenvcc roductlon. We encourage ler involvement at all levels of the organisalion and ensure that the servlce develops in response lo establtshed user need. Much of the work we do is Co-produced with people using mental heahh Serv[5. Information. The centre responds to many requesls for information from servrce users and organlsatlons. We respond to hlgh volumes of telephone and email querles. We keep our soci81 media posts as actlve as possible arKI ensure the website is kept up to date. We keep Service users organtsations up to date with regular email mail outs and forward useful updates from organisations Such as Cardiff aThl Vale Action for Mental Health and the Cardiff and Vale Recovery and Wellbeing
4 Winds User Led Assoclation Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Directorfs Report) Year ended 31 March 2024 College. We hold occasional inf0mtion sessh)ns at the centre. This has included one by a rnental health pharmacrsL researchers from the Centre for Mental Health. workers for th8 Cardiff and Vale Recovery Cdlege. Caniad lived experience proied and Riverside Advi. Vocational su ort. Swice users are encouraged to realise their F)olential, to recognlse their skills and to pursue t1r aSpallons. We provide inforrnation and supp(Kt in accesslng opportunilie5 in education, training. volunteering. paid work. leisure facililies and the arts. We tIVelY enojurage seFViCE Users to take up opportunities on offer via the Car(liff and Vale R0Very colle. Adult Learning Wales and Dice (Cardiff Adult Community Courses) courses. DieE hold a weekty creative wellbeing class at 4WirKIs. We also deliver a range of training courses and wellbeing aclivities ourselves. We actively encourage paople to take up opportunities such as the Wales Milleniurn Centre's discounted ticket scheme and support people In maklng arrar¥Jements if necessary. Many people have been introduced to a variety of arts and theatre shows which have resuked in enhanced wellbeing. a broadening of interests and boosl to Confiden and SelfSteeM. Many people we see are in employment and the emotlonal support and practical assistance received helps maintain the employment or a return to employment for those who have tsken sick leav8 for poor mental health. Soclal Prescribin . Our service Is delivered in a holistic, person-centred way that re¢ognlzes the vast array of acttvities, groups and services in our communities that can help meet health and wellbeing needs of the people we work with. Signposting. provision of information and afve soclal prescrbing are integral elements of the support offered. This happens on a daily basis at 4Wnds in both the 1.1 emotional support sessions and open access peer support groups. Delive of Well Bein Actlvltle5 and Tralni We continu8 lo offer a range of tralnlng courses and workslM)p5 irlUding Managing Anxiety, Mindfulness, Active Listenlng, Managlng Emotions and Managlng Anger. These are well received, well attended and produ excelnt outcomes for participants. We were pleased to be able to continue to hold regular eatIVe sesslons facllltated by the excellent Stiwdio Arts and made possible through the ¢ontlnued support of the Cardiff 8nd Vale Arts in Health Charity Team, funded by the Arts Council in Wales and the Baring Foundatlon. The range of creative approaches explored in these sessions and Ihe work produced Nvas truly impressive and the Increased self esteem and sense of wellbeing for those who partlcipated was well evidenced. These lake place in our own centre, but also In a rang8 of community venues such as Grangetown Hb, the Grange Pavilion and Cardiff Museum. Welfare Riohts Partnershi Pro"ect We continue to work wlth our partners Riverside Advice. Thls speciali51 quality mark welfare rlghts organlsatlon provide5 specialist help and vi to people struggling with their mental health and welfare rights i55ues. Rrverside AdviGe provides the welfare benefits. debt and energy efficiency advice whilst 4WirYls offers emotional Supp and pract1 assistance throughoLrt the process. This work is achieving excellent outcomes for people and has more than once ken described as a life saverla lifeline. Our alms and object16 as developed in our three-yaar business plan are: Stratsgic Airns 1. To contlnue meeting Ihe needs and promotlng the recov•ry of people experiencing mental heallh dlfficulties. Objectives To continue providing a uSer-d ment81 hedth resource service that works flexlbly to meet the needs of people using it. To continue wlth the ddivery of wellbeing activitres and training To ensure that the Seice is delivered within a recovery focussed approach aNI that we work to the CardFff 8nd Vale Charter for Adult Mental Health.
4 Winds User Led Association Company Llmited by Guaranlee Trustees. Annual Report (Incorporating the Directorfs Report) fconthiu8d) Yearended 31 March 2024 To ensure that workers adopt a facilitative style in which diversity is celebrated and individual strengths are recognised. To offer a range of services including on a 1-1 basis and in groups. Services lo include.. provision of infomialion, sign posting, sodal prescribing. Social contact and peer support, emottonal support. vocational support. tralning arTd wellbeing activitie5, welfare rlghls 5UPPOrt and OPFQrtunMies for Involvement. To publicise the servtce wklely amongst a range of voluntary, statutory, primary care and community organisation5 to ensure that we reach those in need of the service. To maintain currenl working partnerships and explore opportunities for further partnerships to help us meet our aims. To keep abreast of local and national developments in policy and praclice and ensure that we work within these. 2. To maintain and develop opportunltles for servlce user involvement withln th• organisation. ObJectlv•s To malntaln the organisation as user4ed and user managed (as currently st8ted in our constitution). The management committee will be made up exdusively of past I present users of mentsl health services. elected annually at the Association's AGM. To ensure that we work wlthln our policy on servlce user involvement and review this policy regularly. To continue holdrng members meetings on a monthly basis. To continue obtaining service user feedback and mental health recovery slar outcomes lo ensure that the service is meeting needs and helping people work towards recovery. To continue with present rnechanisms and opportunities for gettlng involved and to review these to ensure that they meet cjjrrent needs. To ensure that every individual accesslng the Servi 15 aware of the opportunities for becoming involved and is supported in the FKOCeSS rf they so wish. To keep up to date with policy and guidan and ensure that we develop a good model of user-led ser4vices. 3. To increase the current capaclty of Ihe organisatlon {in tenns of staffing and flnance) Objectives To fundraise for the employment of an additional Project Worker to the st8ff team (to Increase capaclty of the service). To explore the potential for new partnerships lch enhance the servlce arrfj increase capaclty. To access any funding opportunities that helps us to meet our aims and objectNes.
4 Winds User Led Association Company Llmlted by Guarantse Trustees. Annual Report (Incorporating the Director's Report) (contsnu Year onded 31 March 2024 Athl•vements and performance We have continued to meet the needs of people experiencing merrtal health difficulties in Indeed, our supporl has been in increasingly high demand arKI we have received an increase in the number of referrals and contacts for this year. We received 567 new referrals during this year, we supported over 800 individuals and recorded 7,062 contacts for the year., a fantastic achievement for a small team offering a bespoke, person centred service. Our staff retenfK)n record continues to be well over average" the team Is highly experienced and extremely committaj to the delivery of a best practice IluSive ani effective service. The full range of recovery focussed services (emotional 5UPPOrt. social (x)ntact, peer sup[. Infonnation. vocational supporL trdining and wellbeing activities. social prescribing service. welfare rights project. and opportunities fr)r involvement) already des(xibed continues to be available to all who use our service. As well as having a management committee Comprised exclusively of mental health service users, we encourage people using the Servi to become Involved in some aspecL This could be on a day to d8y basis through helplng out with a particular activity such as neIng eventslmeeting8, sitting on an interview pan81 for new workers, or helping to ganISe an event. We continue to support opportunltles for servfrce user Involvement in training through developlng links with Cardiff University and Cardlff Metropolilan Universlty. A group of service users contlnue to be involved in delivering presenlatlor as part of the social work degree and are also Involved in aspects of plannlng course content and interviewing students. The qualty of servlce user presentations has been outstanding and the excellent feedbsck from lecturers and students are testimony to the positive Impact that these sessions hav8 on social work teaching. Maintaining regular networking arKI liaison wtth other agendes Is always crucial to our work. We have good working relationships with many partners in m8ntal health and related Ilelds. Our strong working relationshlp wllh Riverside Advice Services contlnues and the work of the joint project funded by the British Gas Energy Trust continues lo grow and helps increaslng numbers of people in need. We are dellghted to continue to work with them and offer such a crucial service during the cost of living crisis, The differerte thls project is making is lrfe changing for many. ThSs high need is also rellected in an Increase In the number of people requesting food bank vChers. We continue to work in partnership wllh the Trussell Trust in Cardiff to ensure Ihat we can help those in need. Another positive development has been the Gontinuation of Zurlch Communty Trust funding. This not only provides much needed financial suppoyt. but a host of olher benefits such as alxess to organisational development and training seniices. As well as benefitting from free rtIonal c4)nferen places (for example on dlverslty and indusion and soc•al medialmarketing). we have also benefited from a cost of living increase to the funding received for this year and were grdteful recipients of feslive challenge awar(15 during Chrfstmas 2023. Thls resulled In 50 people receiving a wdl beirylgoody bag (to the value of approx. £10 each). These wete Initlally dlstrlbLrted durlng a Wint wellbelng aftemoon and resulted in a much-needed boost to wdlbeing for many people. We were also fortunate enough to be awarded £500 in Asda vouchers which funded a lovely Christmas paty and buffet and the free raffle prizes meant that everyone went home with a smau gift. As already reported. we continue to strengthen our vlorking relatlonship with a wide range of organisations and in parttcular. the Hamadryad Community Mental Health Team. We still attend their weekly referral meeting so that they can refer directly to our service if and when appropriate. This has meant that many people who do not meet secondary care criteria have been offered the Sup[ of 4WirKls services. We also support many people who are discharged from their servrcE still require some supporl in progressRng their recovery. We have achieved excellent outcomes for people and enhanced our worklng relationshlps.
4 Winds User Led Associatlon Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) fc¢>ntlnu•d) Year ended 31 March 2024 On a general level we continue to be actively Involved with Cardlff and Vale Actlon for Mental Health attending the forum and other relevant meetiros. We have kept up lo date with local and national dèvelopments in mental health and énsure that we develop our service In response to user need through seeklng feedback and me8suring oulcomes a¢hVed for service users through the Recovery Star and other measures. We are proud of the way that the 4WirKls te8m have yet agaln demonstraled an ablllty and commltment to working responslvely and flexibly to meet the n8eds of the servlce and the Increased demands for 1.1 emotional support work, We airn to contlnue to meet these demands whllst offering a b81an¢e of peer support groups, wellbeing activities, training and welfare rights support work. We look forward to developing our servlces further over Ihe coming year arKI have no doubt that the team and organisalion will contlnLJe lo meet any future challenges with resmlence and commitment to delivering best practice at all tlmes. Flnan¢lal revlow The reserves balance at the year*nd of 31 March 2024 amounted to £141,144 (2023: £128.468)- This is whomy represented by the unrestrited reserwe balance £141.144 (2023.. £128,468), of which £133.513 (2023: £116,803)is free reserves (1.8. rrtjt tied up in fixed assets). Statement on Resems 4Winds has a reserves pollcy of holding belween 3 to 6 months of expenditure as unrestrlcted reserves. The free reserves balance of £133,513 at 31 March 2024 equals approximately 6 months running costs. The Trustees are satisf18d thal thls level of reserves wlll help to meet possible unexpected obllgations and give Ilme to find alternative sources of funds in futwe if necessary. Thls policy is reviewed annually. Going Concern We are in receipt of Cardiff and Vale Unwersity Health Board funding for our resource service untll Aprll 2027, BGET funding (includlng a wider area) untll 2026 8nd Zurich Community Trust until the end of 2025. Trustees are mindful of the uncertainty of future fundlng and shall Continue to monitor the financial situation. to plan ahead and take whatever steps are requlred to ensure thal exper)diture stays within income at 811 times, The trustees wlll ensure that the overriding aim, as always,15 to develop 8nd Improve the service for the benefit of those experiencing mental health problems in C8rdtff end the Vale of Glamorgan
4 Wlnds User Led Association Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) {¢onlinuedJ Year ended 31 March 2024 Strudurety gov•rnane• and management The organisalion is a charttable ¢ompany whFch is governed by its constitution (Memorandum and Artlcles of Assoclatlon). The board of trustees (Management Commiitee} is comprised of Indivldu818 who are rnembers of the Associati1. EledioTr$ lake place annual at th9 Association's Annual General Meeting (AGM). The Committee consists of up io nine fLJII members and up to three co-opted non-voling membets. At each AGM the three longesl $eNlng full members of the Mon8gement Committee, or whichever nuner will result In the creation of Ihree vacancies, will stand down and three new Managernenl Committee members will be elected by secret ballol of the membershlp durlng Ihe AGM. The AGM Is advertised to all members and through the 4Wlnds emaifing Ilsts and gener81 publiGty. For furth8r defails on the appolntrnent of truslees please refer to Iho Memorandum and Artlcles of Assodo110n. The Management Committee has dev8loped a pollcy on risk. To address the risk of fin8ncial loss the trustees have a stat8m8nl on reserves and alms towards building on the current level of reseryes. Thère are procedures In pla¢e lo help deal wth sk in the workplace such as health, safety and Security and relevant insurance policies are in place. Small company provisions Thls report has been prepared in accordance with the provlslons applicable to companles entitled to the small compani8s exemption. The tru8tees' annual r8POrt Was approved on .... trustees b and signed on behalf of the board of . (sl&Tr) Cu..fFO8Js...GThLtSEr4.. fprfnlnpn7e) Twstee
4 Winds User Led Association Company Llmlted by Guarantse Independent Examlnerfs Report to the Trustees of4 Winds User Led Association Year ended 31 March 2024 I report to the trustees on my examination of the financial 5tatement5 of 4 Winds User Led Association (Ihe charity,) for Ihe year erKJed 31 March 2024. Responslbilitles and basis of report As the charity trustees of the company (and also its directors for the purposes of company law) you are reswjnsible for the prepar£tlon of Ihe accounts in a(rdance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the ry)mpany are rt required to be audited under Part 16 of the 2006 Acl and are eligible for indeperKlent examination, I report in respect of my exaMatIOn of your company's accounts as carried out under section 145 of the Charf(les Act 2011 ('the 2011 ACY). In carrying out my examination I have followed the Directions gNen by the Charity Commission under section 145{5){b) of the 2011 Act. Independent exam5nerfs 8tatémont I have cornpleted my examlnation. l confirm that no tnstters have come to my a*tenlion In connecllon with the examination giving me cause lo belleve that In any material resped.. accounting records were not kept in respect of the company as requlred by seclion 386 of the 2006 Act,. or 2. the accounts do not accord wrth those records," or 3. the accounts do not comply with the accounting requirements of sectlon 396 of the 2006 Act other than any requlremenl that the accounts give a Irue and fair view, which is not a matter considered as part of an independent examinatton: or 4. the accounts have not been prepared in accordan with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable lo charltles preparing their accounts in acc(danCe wilh the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come acTOSS no other matters in connection with the examination to which sttention should be drawn in this rep in order to enabk a proper understanding of th8 accounts to be reached. Farzana Ahmed FCCA Independent Examlner Cw5ton EfL 1st Floor, Tudor House 16 Cathedral Road Cardiff CF119U Date: IFI IJ &OX
4 Winds User Led Association Company Llmlted by Guarantoe Statement of Financlal Activities (including income and expenditure account) Year ended 31 March 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Note Income and endowments Donations and legacies Charltable activities Other trading actNities Total Income 19,920 152,195 1,540 20,000 39.920 152,195 1,540 193,655 34.574 162,328 173.655 20,000 196,952 Expenditure Expendlture on charltable activities Total expendlture 160.979 20,000 180,979 180.979 188,014 160,g79 20.000 188.014 Net Income and net movement in fund$ 12,676 12,676 8.938 Reconciliation of funds Total funds brought forw8rd Total funds earned forward 128,468 128,468 119,530 141,144 141.144 128,468 The statement of finarbcial actltIeS Includes all galns and losses recognlsed in the year, All income and expenditure derlve from continulng acllvltles. The notes on page5 11 to 19 fomi part of th•se flnzn¢lal 8tatemont6.
4 Winds User Led Association Company Limited by Guarantee Statement of Flnanclal Posltlon iconthue 31 March 2024 2024 2023 Note Flxed assèts Inlangible assets Tangible red assels 1S 16 7,000 632 10,500 1.165 7,632 11.665 Current assets Debtors Cash at bank and in hand 17 3.657 116.731 138,641 140.190 120.388 Credllors: amounts falllng due wtthin one yKr Net current assets 18 6.678 3,585 133.512 141,144 141,144 116,803 128,468 128,468 Total assets less current Ilabllltles Net assets Funds of the charlty Unrestricted funds 141.144 128,468 Total charlty funds 20 141.144 128,468 For the ye8r ending 31 Marth 2024 the charity was errtitled to exemptkm from audlt under seGtion 477 of the Comp8nies Acl 2C(16 relating to small companlès. DlrecloTs' responsibllties: The Members have not required the coThpany io obtain an audit of its financial statements for the year in questlon In accordance wlth section 476. The directOTS acknowledge their responsibilities for comptying with the requirernents of the Act wlth tespeci tc accounting records and the preparation of financial statements. The89 financial statemènts have been prepared In accordance wilh the provisions applicab18 to companies subject to the small companles, regime. anclal statements were approved by the board of trustees and aulhorised for ISS on and are slgned on behalf of trto board by: Signed .. Prlnt Name ... Trustee Prinl Namè . Trustee ILOPE Cornpany reglstiatlon number. 03607430 The notes OD pages 11 to 19 fomi parl of tht$e financlalslalemnts. 10
4 Winds User Led Association Company Llmlted by Guarantee Notes to the Financlal Statements Year ended 31 March 2024 General Infomiation The charity is a public benefrt entity ar)d a private company limited by guarantee, registered in England and W81es and s registered Gharity in England and Wales. The address of the reglstered office is 65 Clare Road. Grangefown, Cardiff, CF116QP. Statement of compliancè These financial statements have been prepared In compli8e with FRS 102. The Financial Reporting Standard appliGable in the UK and the Republic of Ireland,. the Statemenl of Recommended Practice applicable to charities preparing their accounts in accordanGe wilh the Financial Reporting Standard appltcable In the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Companres Act 2006. Accountlng policies Basls of preparation The financlal statements have been prepared on the historical cost basis. The financial slatements a prepared in sterling, which Is the functional currency of the entity. Going concern As at 31 March 2024 the charitable company had unrestricted reserves of £141.144, of which £133.513 are free reseNes. The trustees have consi(Fered the going COnM position in some detail and are satisfied that Sn the Immediate future the steps that they have already taken to review cosls and secure additional funding for the next fSnanclal year should be sufficient to keep the charity operational for al least 12 months. The detai18d justification for this has been induded in the financlal review section of the trustees. annual report, On this b8SiS the trustees are satisfied that no adjuslrnents are required to accounls 8t 31 March 2024 to refiect any uncertalnty In going ¢oncern. Judgements and key sources of estimation uncgrtalnty The preparation of the fin¢la1 statements requires m8nagement to make judgements, estimates and assumptions that 8ffect the amounts reported. These estimates and judgements a contlnually reviewed and are based on 8XP8rience and other factors, includiro expectations of fvture events that are believed to be reasonable under the circumstances. Fund accounting Unr8Stri¢ted funds are available for use at the discretion of the trustees to further any of the charity's purp05es. R8Strlcted fiJnds are subjected lo restrictions on their expendFture declared by the donor or through the terms of 8n app8al, and fall Into one of Iwo SU18s$e$. restrlcted Income funds or endowment funds. 11
4 Winds User Led Assoclatlon Cornpany Llmlted by Guarantee Notes to the Flnancial Statsments (contlnued) Year ended 31 March 2024 Accounting policle8 (Contin Incomlng resources All income is irlUded in the statement of financial activities when entitlement has passed to the charity, it IS PTobable that the economic benefits associated with the transaction will fiow to the charity and the amount can be reliably tneasured. The following Specif policies are applied to particular categories of in(x)me: - income from donations or grants is recognised when Ihere is evidence of entillement to Ihe gift, receipt is probable and its amount can be measured reliably. - Inc¢)me from contracts for the 8upply of services is recognised with the delivery of the contracted service. Thls Is dassified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purFN)se and retumed If unspenL in which case it may be regardgd a8 restricted. R•Gources expended Expenditure Is reccgnised on an aocruals basls as a liability is incurred. Expenditure includes any VAT whlch cannot be fulty e0vered, and is classlfied under headings of the statement of financial activities to whlch It relates: expendituTr on charitable actlvlties Indudes all costs inCued by 8 charty in undertaking activities that furtf*r its charitable alms for the benefrt of its beneflar1eS, includirKJ Ihose support costs and costs relating to the g0Veman of the charity apportioned lo charitable aclivitles. All costs are allocated to experMgFture categories refiecting the use of the resource. Direct C08ts attrbutable to a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they contribute to on 8 reasonable, juStifble and consistent basis. Intangiblg assèts Intangible assets are initially recorded al cost. and are subsequently stated at Cost less any accumulated am(wtisation. Amortisation Amortisation is calculated so as to write off the c05t of an asset, less its estlmated residual value. over the useful economlc life of thal asset as follows: Wesbite d8velopment 20% straight line If Ihere Is an Indlcallon that there has been a significant chang8 in amortisation rate, useful lffe or residual value of an intanglble asset. the amortlsalion Is revlsed prospectlvely to reflect Ihe new estlmates. Tangible a886ts Tanglble assets are initialty recorded at cost, and subsequ8nlly stated atcost less any accumulated depreciation. 12
4 Wlnds User Led Association Company Limfted by Guarantee Notes to the Flnanclal Statements fconllnuedj Year ended 31 March 2024 Accounting policles {conUnu8dJ Deprociation Depreciation is calculated so as to wrlte off the cost or valuation of an asset, less its residu81 value. over Ihe useful economic lrfe of that asset as fc41ows: Fixiures and rrttirvJs Office equipment 25°/o straight line 33% straight line Impalnnent of fixed assets A review for Indlcators of impairment Is carried out at each reporting date. with the recoverable amount being estimated where such indicators exist. No such impairments were required in the year. Flnanclal Instruments A financial asset or a financial liabllty Is recognised only when the entity becomes a paty to the contractual provisions of the instrumenl. Basic financial Instrument8 8re initlally recognlsed at the amount receivable or payable Includlng ary related transaction costs, unless the arrangement Gonstitutes a financing transaction. where it is recognised at the present value of the future payments discounted at a mafkel rate of interest for a similar debt instrument. Current a55ets and current liabililies are subsequently measured at the cash or oth8r con5ideratton expected to be pald or received and not discounted. Financial assets that are measured at cost or amortised cost are reviewed for oblectlV8 evidence of inipairment at the end of each reporting date. If there is objective evidence of Impairment, an impairment loss is recognised under the appropriate heading in the statement of flnanGial activities in which the initial gain was recognised. Deflned contributlon plans Contributlons to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contri1tIonS are recognised 85 an asset to the extent that the prepaymerit will lead to a reduction in future paymerts or a cash refund. Llmlted by guarantee Every member of the Charity underlakes to contribute such amount as may be required (not exceeding £10) to the Charity's assels rf it should be Wnd up while he or she is a member or wlthin one year after he or she ceases to be a member. for payment of the Charrty's debts and Ilabilltles contracted before or she aSeS to be a member, and of the costs, charges and expenses of winding up. and for the adjustrnent of the right5 of the contributories among tmSelves. 13
4 Winds User Led Association Company Limlted by Guarantee Notes to the Flnancial Statements {ntlUe) Year ended 31 March 2024 Donations and le9acles UnrestrFcted Funds ReStrted Total Fundg Funds 2024 Donation$ Dorkgtions 670 670 Grants British Gas Energy Trust consortium bid Zurich Comrnunlty Grant 20,000 20.000 19350 19.250 19,920 20.000 39.920 Unrestrlcted Funds Restricted Total Funds Funds 2023 Donatlons Donations 323 323 Grants British Gas Energy Trust consortium bid Zurlch Community Grant 16,751 16.751 17,500 34,574 17,500 17,823 16,751 Charitable activities Unrestricted Total Funds UnrgstriGted Total Funds Funds 2024 Funds 2023 Cardiff and Vale Unersty Health Board Cardlff and Vale Unlversity Health Board (Tier Zero) 152,195 152,195 152,195 152,195 10.133 10.133 152.195 152,195 162,328 162,328 Other trading actlvltles Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 SeNlce user training Creatlve Pdnting Workshop 1,290 250 1,290 250 50 50 1.540 1,540 50 q4
4 Winds User Led Assoclatlon Company Limlted by Guarantee Notes to the Flnancial Statements (ntInued) Year ended 31 March 2024 Expendlture on charltable actlvltles by fund type Unrestrlcted Funds ReStrted Total Funds Funds 2024 Drop In Centre Supp( ¢osts 158,413 2.566 20,000 178,412 2,567 180.979 160.979 20.000 Unrestricted Funds Restricted Totsl Funds Funds 2023 Drop In Centre Support costs 168,956 2.307 16.751 185,707 2,307 171,263 16,751 188.014 Expendlture on charitable actlvitles by actlvlty type Activities undertaken directly Support Total funds costs 2024 Totsl fund 2023 Drop In Centre Governance costs 178,412 178,412 1567 185,707 2,307 2,567 2.567 178,412 180.979 188.014 10. Analysls of support C08ts Analysls of support costs activity 1 Total 2024 Total 2023 Govemance costs 2,566 2.566 2.308 11. Net Incomo Net Income is stated after chargingl(creditiog): 2024 2023 Amortisation of intangible assets Depreciation of langible fixed assets 3,500 533 3,500 733 12. Independenl examlnatlon fees 2024 2023 Fees payable to the independt examiner for: Indep8ndent examinalion of the financlal statements 2,280 2,280 15
4 Wlnds User Led Assoclatlon Company Limited by Guarantee Notes to the Financlal Statements fconilnued) Year ended 31 March 2024 13. Staff costs The tot81 staff costs and employee benefits for the rèporting period are analysed as follows". 2024 2023 Wages and salarles Social security costs Employer ¢ontrlbullons to Fenslon plans 136,176 4,485 7,333 147,994 133.485 6.507 8,349 148,341 The average head count of employees durlng the year was 6 (2023: 6). The average number of full-time equivalent empk)yees during the year is analysed as follows: 2024 No. 2023 Number of servlce provision staff No employee received employee benefits of more than £60,000 during the year (2023: Nil). Key Management P•r6onnel Key management personnel include all persons that have authority and resFK)nslbillty for planning. direcling and controlling the actlvltles of the charity. The tot81 compensatlon pald to key management personnel for seDAces provided to the charity was £38,676 (2023:£40.689). 14. Trustee remuneration and expenses No remuneration or other benefits from employmenl with the charity 01 a relaled entity Were received by the trustees. All trustees are entÈtled lo claim reasonable expenses iwrred in connection with attending m8etings. In 2023-24, trustees daimed £166 in expenses (2022-23 £28). 15. Inlanglble assets Webslte Developmen Cost At 1 April 2023 and 31 March 2024 Amortlsation At 1 Aprm 2023 Chargo for the year At 31 March 2024 17,500 7,000 3,500 10,500 Carrying amount At 31 March 2024 7.000 At 31 March 2023 10.500 16
4 Winds User Led Association Company Limited by Guarantee Notes to the Financlal Statements fGontlnu¢ Year ended 31 March 2024 16. Tanglble flxod assets Fixtures and fittings Equipment ToLIl C¢)st At 1 April 2023 and 31 March 2024 Depreciation At 1 April 2023 Charge for the year At 31 March 2024 725 6249 6,974 724 5,085 533 5.809 533 724 5.618 6.342 Carrylng amount At 31 March 2024 631 632 At 31 Marth 2023 1,164 1.165 17. Debtors 2024 2023 Prepayments and accrued income Other debtors 1.549 1,494 2,163 1,549 3.657 18. Credltors: amounts falling due within one year 2024 2023 Accruals ar deferred Income soc1 securlty and other taxes Other creditors 4.780 473 1,425 2.280 1.305 6,678 19. Pènsions and othor post retlrement benefits Deflned contrlbutlon plans The amount reGognised in income or expenditu as an expense in relatlon to defined Gonlribution plans was £7,333 (2023: £8,349). 17
4 Winds User Led Assoclation Company Limitsd by Guarantee Notes to the Financial Statements fntInu•d) Year ended 31 March 2024 20. Analysls of charitabl• funds Unrestrlcted funds At 31 March 20 24 At 1 Aprll 2023 Income Expendlture General funds 128.468 173.655 (160.979) 141.144 At 31 Marth 20 23 1 Awil 2022 Income Expenditure General funds 119,530 180,201 (171.263) 128,488 Restrlcted funds At 31 March 20 At 1 April 2023 Income Exp6nditure British Gas Energy Saving Trust 20,000 (20,000) At 31 20 23 At 1 ApTII 2022 Income Expenditure Brltish Gas Energy S8ving Trust 16,751 (16,751) The British Gas Energy Saving Trust grant is part of a consortium bid with Riverside Advice Ltd towards supporting people wlth mental health issues associated with their debts. 18
4 Winds User Led Assoclation Company Limited by Guarantee Notes to the Flnancial Statements (¢ontlnu*d) Year ended 31 March 2024 21. Analysls of net ass•ts between funds Unrestricted Total Funds Funds 2024 Intsnglble assets Tangible fixed assets Current assets Creditors less than 1 year Net assets 7.OtK) 631 140.190 (6,677) 141,144 7,000 631 140,190 {6,677) 141,144 Unrestricled Tot81 Funds Funds 2023 Int2nglble assets Tangible fwed assets Current assets Creditors less than 1 ye8r 10,500 1,164 120,389 (3,585) 128,468 10,500 1,165 120,388 <3,585) 128,468 Net assets 22. Related partS05 The charity wa5 under the control of the trustees throughout the ujrrent and previous year. There are no transactions with related parties required to be disclosed in the financial statements, other than trustee expenses. as detailed in note 14. 19