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. p￿sent 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 R0der￿k
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 M￿112[ 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 ra￿e 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 f￿10r 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 l￿er 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 inf0m￿tion 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 t￿1r aSp￿allons. 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 R￿0Very coll￿e. 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 Self￿SteeM. 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 a￿fve 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 ir￿lUding Managing Anxiety, Mindfulness, Active Listenlng, Managlng Emotions and
Managlng Anger. These are well received, well attended and produ￿ excel￿nt 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 pract￿1
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 object1￿6 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 Se￿ice 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 I￿luSive 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 ne￿Ing 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 v￿Chers. 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 r￿tIonal 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¢h￿Ved 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
Associati￿1. 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 nun￿er 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 r￿t required to be audited under Part 16
of the 2006 Acl and are eligible for indeperKlent examination, I report in respect of my exaM￿atIOn 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 act￿ltIeS 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 r￿ed 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 compli8￿e 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 COn￿M 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 fi￿n¢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 SU￿18s$e$. 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 ir￿lUded 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 inCu￿ed by 8 charty in undertaking
activities that furtf*r its charitable alms for the benefrt of its benef￿lar1eS, 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, juStif￿ble 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 contri1￿tIonS 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 W￿nd 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
t￿mSelves.
13

4 Winds User Led Association
Company Limlted by Guarantee
Notes to the Flnancial Statements {￿nt￿lUe￿)
Year ended 31 March 2024
Donations and le9acles
UnrestrFcted
Funds
ReStr￿ted 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 Un￿ersty 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
ReStr￿ted 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 independ￿t 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
soc￿1 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 f￿ntInu•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