COMPANY REGISTRATION NUMBER: 03607430 CHAR REGISTRATION NUMBER: 1071770 4 Winds User Led Association Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 CARSTON ETL Chartered accountsnts 1st Floor, Tudor House 16 Cathedral Road Cardiff CF119LJ
4 Winds User Led Associatlon Company Limited by Guarantee Financlal Statements Year ended 31 March 2025 Page Trustees, annual report {incorporating the directo¢s report) Independent examiner's report to the trustees Statement of financial aclivities (including income and expenditure account) statement of financial position Notes to the financial statements 10 12
4 Winds User Led Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Dlrectorfs Report) Year ended 31 March 2025 The trustees. who are also the directors for th8 purposes of company law, present thelr report and the unaudited financial statements of the charity for the year ended 31 March 2025. Reference and admlnlstratlve detalls Rogistered charlty nam• 4 Winds User Led Association Charity reglstratlon number 1071770 Company raglstrallon number 03607430 Principal offlc• and registorod 65 Clare Road offl¢0 Grangetown C8rdiff CF116QP The trust•os Susan Hooper Kathryn Lock Jonalhan Roderlck Clifford Golden Cheryl Johnson Ken Urwin (Appolnted 29 January 2024) {Appolnted 29 January 2024) Company tygcretary Susan Jones Independent oxamln•r Farzana Ahmed FCCA Carston ETL 1st Floor, Tudor House 16 Cathedral Road Cardiff CF119LJ
4 Winds User Led Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report) (¢ontinued) Year ended 31 March 2025 Objectlvos and actlvltles Our charitable objects as stat8d In our Memorandum and Artlcles of Assl8t10n are: o promote the relief of persons experiencing mental heatth dirricultles withln the area of Cardiff. the Vale of Glamorgan and surrounding argas by provldlng an independent. user led resource I drop-in centre and associated support, in order to enable and empcwier users of its service to obtain thelr full rlghts and privileges as citizens,. 4Wlnds continues to provlde a us8r48d mental health resource service to adults of worklng ag8 living In Cardiff and the Vale of Glamorgan. The servlce Is unlque in the locallty; it is user led and user managed (the management is comprised excluslvely of people who use I hav8 used mental health seNlces) and it operates a flexlbl8 and responsive. recovery focussed senii¢e with a range of person Centred, trauma infomied support options available. Our Mission statement Is". 4Winds User Led Assoclatbn exists to provide an open4cces6 mental health resource for people living in CardSff and surrounding areas. We promote recovery through provlslon of supporl, infonnation and opportunities for involvement. A range of person centred, trauma Inlonned and recovery focused mental health support ¢ontlnues to be offered by 4Wind5. In brlef our serwlces Include: Emotional su ortIMental Health Recove Star su Workers offer a range of emotional support services including listening support. information, signposting, social prescribing, guided self help and liaising with a huge range of community organisatlons. health and social care professionals. Workers are encouraged to work flexibly. to take holistic approach and to promot8 recovery and independence. All workers are also trained and licensed to use the Mental Health Recovery Star person centred outcomes tool whSch is invaluable for service users to identify support needs and to chart recovery in a hollstlc and person centred way. Thls support is generally offered In person, typically offering 6 sessions but we continue to glve the optlon of telephone or onllne calls for those who struggle to make face to face appointments. Social Cont8 t and Peer Su ort Many people accessing our service experience loneliness, isolation and low self-esteem. The resource servlce and open access peer support Sessions held twice weekly offers opportunities for individuals to make social contact and access peer support: a key factor in the recovery process for many people. Peer support, social inclusion and connection have been identified as cruclal to mental health recovery; thls Is an incredibly important and effectiv8 part of the service at 4Wlnds. Many robust networks of support have been established thls way and many people enjoy a much-increased quallty of Ilfe and enhanced wellbeing as a result. The organlsatlon of w8llbeing activities Including workshops. creative actlvltles and occaslonal soclal gatherings also offer valuable opportunities for social contact and peer support. As well as the sesslons held at our centre, we facllitate weekty meet ups in the community. meeting in Cardiff Castle grounds café for a social peer support group. This central ¢ty centre meeting point offers many people opportunities to socialise, feel less included and more Confident to access other opportunities in the community. rtunities for InvolvemenUco- roducti We encourage user involvement at all levels of the organisation and ensure that the service develops in response to 8Stablished user need. Much of the work we do is GO-produc8d wllh peopl8 uslng mental health services.
4 Winds User Led Association Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Director's Report) (continued) Year ended 31 March 2025 Infomiation. The centre responds to many requests for information from service u5er5 and organisations. We respond to high volumes of telephone and email queries. We post on social media and ensure the website is kept up to date. We keep service users and organisations up to date wilh regular email mall outs and forward useful updates from organisatlons such as the Cardiff and Vale R8COV8ry and Wellbeing College. We hold occaslonal infomation sessions at the centre. Thls has Included one by a mental health phannacist, researchers from the Centre for Mentsl Health. Caniad lived experience project and Riverside Advice. Vocational su ort. Sarvice users are encouraged to reallse their potential, to recognise their skills and to pursue their aspirations. We provlde Infonnalion and support in accessing opportunltles In education, training. volunteerSng, paid work, leisure facilities and the arts. We actlvely encourage service users to take up opportunities on offer via the Cardiff and Vale Recovery College, Aduh Learning Wales and Dice {Cardlff Adult Community Cour888) courses. We also deliver a range of courses and wellbelng a¢tSvities ourselves. We actively encourage people to take up opporbJnltles such as the Wales Mlllenlum Centre's discounted ticket scheme and support people in maklng arrangements If necessary. Many people have been Introduced to a variety of arts and theatre 5how8 whlch have resulted in enhanced wellbeing, a broadening of interests and boost to confidence and self esteem. Many people we see are in employment and the emotional support and practical assistance received helps maintain the employment or e retum to employment for those who have iaken sick leave for poor mental health. Soci IPr Our service is delivered in a hollstlc, p8rson centred way thal r8cognise5 the vast array of activiti8S, groups end servlces Sn our communlt16S that can help meet health and w8llb81ng needs of the people we work wlth. Signp06ting. provlslon of informatlon and active soclal prescriblng are Integral elements of the support offered. Thls happens on a daily basis at 4Winds In both the 1.1 emotional support sessions and tha open access peer support group8. ive of Well Beln Activities and Courses. We continue to offer a range of VlIbeIng courses and workshops including Managing Anxiety. Mlndfulness. Active Listening, M8naging Emotions and Managing Anger. These are well received, W811 attended and produce excellent outcomes for participants. We were ple8sed to be able to contlnue to hold regular creative se8sions facilitated by the excellent Stiwdio Arts and made possible through the contlnued support of the Cardiff and Vale Arts In Heatth Charity Team, funded by the Arts Council in Wales and the Baring Foundation. The range of creatlve approaches explored In these sessions and th8 work produced was truly Impressive and the Increased self esteem and sense of wellbeing for Ihose who participated was well 8videnc8d. These lake place in our own centre, but also in a range of community venues such as Grangetcmn Hub, the Grange Pavilion and Cardiff Museum. Welfare Ri hts Partnershi We continu8 to vmrk with our partners Riverside Advlce. This specialist qualty mark welfare rights organisation provldes specialisl help and advice to people struggling with their mental health and welFare rights Issues. Rlverslde Advice provides the welfare benefits, debt and energy efficiency advice whilst 4Winds offers emotional support and practlcal assistance throughout the process. This work is achieving excellent outcomes for people and is regularly described as a life saverl Ilfellne.
4 Winds User Led Association Company Llmited by Guarantee Trustees. Annual Report (Incorporating the Directorfs Report> (witlnuedj Year ended 31 March 2025 Our aims and objectives as developed In our three-year business plan are: Strateglc Alms 1. To contlnue meetlng Ihe needs and promollng the recovory of peoplo experlenclng menlal health dlfflcultles. Oblectlves To continue providing a user-led mental health resource service that works flexibly io meet the needs of people using It. To continue with the dellvery of wellbeing activities and trainlng To ensure that the service is delivered withln 8 r8COV8ry focussed approach and that W8 work to the Cardiff and Vale Charter for Adult M8ntsl Health. To ensure that workers adopt a facilitative style in which diversty18 C818brated and individual strengths 8r8 recognised. To offer a rang8 of seNices including on a 1.1 basls and in groups. Services to Include: provision of inform8tion, sign postlng, social prescribing. social contact and peer support, emotlonal support, vocational support, tralnlng and wellbelng actlvltiès, Ware rlghts support and opportunilies for Involvement. To publicise the service widely amongst a range of volunLqry, statutory, primary care and communlty organlsations lo ensure that we reach those In need of the servlce. To maintain current working partnerships and explore opportunities for furth8r partnerships to help us meet our aims. To keep abreast of local and national developments in policy and practice and ensure that wa work wlthln these. 2. To malntaln and develop opportunltles for 8orvlco user Involvement wlthln tho organlBatlon. Objectfvos To maintaln the organisatlon as user-led and user managed (as currently stated In our constitution). The management committee will be made up excluslvely of past I present Users of ment81 health services, elected annually at the Association'8 AGM. To ensure that wo worf( withln our pollcy on servlce user Involvemont and revlew thls policy regularly. To continue holding members meetings on a monthly basls. To contSnue obtalnlng service user feedback and montal health recovery star outcomos to ensure that the service is meetlng needs and helping people work towards recovery. To continue wlth present mechanisms and opportunlties for gettlng Involved and to review these to ensure that they meet Current needs. To ensure that every individual accessing the servlc8 Is aware of the opportunrties for becoming Involved and is supported In the process If they so wish. To keep up to date with policy and guldance and ensure that we develop a good model of user-led servlces. 3. To increase the currnnt capacity of the organlsatlon (in tern)s of staffing and flnanc•) Objectives To fijndraise for the employment of an additiork21 Project Worker to the staff team (to increase capacty of the service). To explore the potential for new partnershlps whlch enhance the service and incr8as8 capaclty. To access any funding opportunities that helps us to m8et our aims and objectives.
4 Winds User Led Association Company Limited by Guarantee Trustees. Annual Report {Incorporating the Dlrector's Report) (conflnued) Year ended 31 March 2025 A¢hl8vements and performance We hav8 continued to meet the needs of a wide range of people experiencing mental health Issu8S. We are pleased to report that the majority of people accessing our Seice have achieved excellent outcomes with much improved menial health and wellbeing. Indeed, our support continues to be in high demand. We r8ceived over 500 new referrals durlng thls year, we supported nearly 700 Indlviduals and recorded 6,979 contacts for the year. a fantastlc achievement for a small team offering a bespoke, person centred seNlce. Our staff retention record continu8S to be w811 over average: the team rs highly exp8rienced and extremely committed to the dellvery of a b6St practice inclusive and effectlve servlce. Th8 full range of recovery focussed sepllces (6motional support, SOCI81 contact, P8er support. infomiatlon, vocatlonal support, training and wellbeing activltles, soclal prescrlblng servrce. welfare rights project, and opportunities for involvement) already d&scrlbed continues to be available to all Itho use our seriice. As well as having a management committ88 comprls8d 8xclusively of mental health $8Nlce users, wè encourage people uslng the sorvlce to become Involved in some aspect. This could be on a day to day basls through helplng out with a particular actlvity such as networkSng eventslmeetings, slttlng on an Intervlew panel for new workers, or helplng to organise an event. We continue to SUPFM)rt opportunities for service user involvement in training through developing links with Cardiff University and Cardiff Metropolitan Unlversity. A group of service users continue to be involved in delivering presentations as part of the social work degree and are also involved in aspects of planning course content and interviewing students. The quallty of service user presentations has been outstanding and the excellent feedback from lecturers and students are testimony to the posltlv8 Impact that these sessions continue to hav8 on social work teaching. Maintainlng regular neknrking and Ilaison with other agencles Is always crucial to our work. We have good working relalionships with many partners in mental health and related fields. Our strong working relationship with Riverslde Advice SeNices continues and the work of the jolnt project funded by the British Gas Energy Trust continues to grow and help8 increaslng numbars of peop16 in need. We are dellghted to contlnue to work with them and offer such a cruclal seNi¢e during the cost-of-llvlng crisis. The difference this project Is maklng is life changing for many. Thi8 hlgh ng8d is also reflected In an Increase In the number of people requesting food bank vouchers. We continue to work in partnershlp with the Tru6sell Trust In Cardiff to ensure that we can help those In need. Another positive development has been th8 continuation of Zurfch Communty Trust funding. This not only provldes much needed finandal support, but a host of other benefits such as access to organlsational development and Iralnlng servlces. As well as benefitling from fr8e national conference places (for example on dlverslty and inclusion. wellbelng at work and social medialmarketlng), we have also beneffted from a cost of Ilvlng Increase to the funding received for this year and were grateful reciprents of a festlve challenge award during Christmas 2024. Zurich organised and funded a lovely Christmas party and buffet including a free raffle and mini quiz. The 50 free raffle prtzes they had purchased and wrapped meant that everyone went home with a small gift. As already reported, we continue to strengthen our working relationship with a wide range of organisalions and in particular, the Hamadryad Community Menlal Healih Team. We stlll attend their ekly 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 crlteria have been offered the support of 4Wlnds services. We also support rnany p8Dpl8 who are dlscharged from their servlce but stlll require some support in progressing their recovery. We have ach18V8d excellent outcomes for people and enhanced our working relationships. We have kept up to date wlth local and national developments in mentsl health and 8nsure that we
4 Winds User Led Assoclation Company Limited by Guarantee Trustees. Annual Report {Incorporatlng the Dlr8ctorfs Report) f¢ontlnu6d) Year ended 31 March 2025 develop our servlce In response to user need through seeklng faedback and measurlng outcomes achieved for Service users through the Recovery Star and other measures. We are proud of the way that the 4Winds team have yet again demonstrated an ability and commitment to working responsively and flexibly to meet the needs of the servlce and the increased demands for 1.1 emotional support work. We aim to continue to meet these demands whilst offering a balance of peer support groups. wellbelng actlvltles, courses, workshops and welfar8 rights support work. W8 look forward to developing our services further over the coming year. Flnanclal revlew Th8 r8s8rves balance at the year4nd of 31 March 2025 amounted to £154,384 (2024.. £141,144). Thls is wholly represented by the unrestricted reserve balance £154.384 (2024.. £141.144). of which £149,528 (2024.. £133.513)Is free reserves (1.6. not tied up in fixed assets). Statement on Ro8eN88 4Winds has a reserves pollcy of holdlng between 3 to 6 months of expendlture as unrestricted re8erves. The free reserves balanca of £149,528 at 31 March 2024 equals approxlmatety 6 months running costs. The Trustees are satisfied thal this level of reserves wlll help to meel possible unexpected obllgations and gSve tlme to find altematlve sources of funds In future rf nece888ry. This policy is reviewed annually. Golng Concern We are In recalpt of Cardiff and Vale Universty Health Board funding for our resource s8Nlce until April 2027. with an uplift of £54,000 avai18ble per annum from April 2025 to the end of March 2027, BGET funding (including a wider area) until 2026 and Zurlch Community Trust until the end of 2025. Trustees are mindful of the uncertainty of future funding and shall continue to monitor the financial sltuatlon. to plan ahead and take whatever steps are requlred to ensure that expendlture stays within income at all times. The trustees will 8nsure that th8 OV8rrldlng alm, as always, is to develop and improve the service for the benefit of those experlenclng mental health problems in Cardiff and the Vale of Glamorgan Structur•, gov•rnanu and managemant The organlsatlon is a charitable company which is governed by its constitution {Memorandum and Articles of Association). The board of trustees (Management Commlttee) Is comprised of indlvlduals who ar8 members of the Association. Elections take place annually at the Assoclation's Annual General Meeting {AGM). The Committee consists of up to nine full members and up to three co-opted non-voting members. At each AGM the three longest serving full members of the Management Commlttee, or whichever number will resull in the creation of three vacancies, wlll stand down and three new Managemenl Committee members will be elected by secr8t ballot of the membership during the AGM. The AGM is advertised to all members and through the 4Winds emailing lists 8nd general publicity. For furth8r detsils on the apFKiintment of trustees please refer to the Memorandum and Artlcles of Association. Tho Management Committee has developed a policy on risk. To address th8 rfsk of finanaal loss the trustees have a statement on reserves and aims towards building on the current level of reserves. There are a raft of procedures In place to help deal with risk in the workplace such as health. safety and security, safeguarding and relevant insurance policies are in place.
4 Winds User Led Association Company Limited by Guarantee Trustees. Annual Report (Incorporatlng the Dlrectorfs Report) (C¢¥nllnu) Year ended 31 March 2025 Small company provlslons This report has been prepared In accordance wlth the provlsions applicable to companies entitled to the small companies exemption. The trustees, annual report was approved on trustees by: .].s/i3.125.. and slgned on behalf of the board of {sl9n) (prfnt namo) Trustee
4 Winds User Led Assoclation Company Limited by Guarantee Independent ExamineVs Report to the Trustees of 4 Wlnds User Led Association Year ended 31 March 2025 I report to the trustees on my examination of the financial statements of 4 Winds User Led Association (Ihe charity,) for the year ended 31 March 2025. Responslbllltl6s and basls of report As the charity trust88s 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 requir8ments of the Companies Act 2006 <'the 2006 Act,). Havlng satisfied myself that the accounts of the Company are not requlred to be audited und8r Part 16 of the 2006 Act and are eligible for independent examlnatlon, I report In respect of my examination of your company'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 Commlsslon under section 145(5)(b) of the 2011 Act. Ind¢p•nd•nt •xamln•rfs statement I have completed my exeminatSon, I confirm that no matters have come to my attentlon in connection with the examination giving me cause to believe that In any materfal respect.. accounting records were not kept in respect of the company as required by s8Ctlon 388 of the 2006 Act; or 2. the accounts do not accord with those records: or 3. 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, whlch Is not a matter considered as part of an independent examln8tlon' or 4. the accounts have not bean prepsred in accordance with the methods and principles of the Statemènt of Recommended Practice for accounting and reporting by charlties 8ppllcable to ¢harit18s preparing thelr acGounts in accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102), I have no concerns and have come across no other matters in Gonnection with the examlnation to which attention should be drawn in thls report In order to enable a proper understanding of Ihe accounts to be reached. F8rzana Ahmed FCCA Independent Examiner Carslon ETL 1st Floor. Tudor House 16 Cathedral Road Cardrfr CF119LJ Date.. i& I iTrl
4 Winds User Led Association Company Limited by Guarantee Statement of Flnancial Activities (Including income and expenditure account) Year ended 31 March 2025 2025 Restrict8d funds Total funds Total funds 2024 Unrestricted funds Noto Income and ondowments Donations and legacies Charitable activities Other trading actlvit188 Total Income 18.140 152,195 20,000 38,140 152,195 39.920 152.195 1,540 193.655 170.335 20,000 190,335 Expenditure Expenditure on charftable activities Total oxpendlturg 157,095 20,000 177.095 180.979 157,095 20,000 177,095 180,979 N•t Incomo and n•t mov•m•nt In funds 13,240 13.240 12,676 Reconclliatlon of funds Total funds brought forward Total fund$ carrlod forward 141,144 154,384 141,144 154.384 128.468 141,144 The ststemont of fjnanclal activities Includ88 all gains and losses recognlsed In the year. All income and exp&nditure derlve from continuing activitles. The notes on pages 12 to 20 fonn part of those financlal statements.
4 Winds User Led Associatlon Company Llmlted by Guarantee Statement of Flnanclal Posltlon 31 March 2025 2025 2024 Noto Flxéd assels Intangible assets Tangible fed assets 15 16 3.500 1.356 7,000 632 4,856 7.632 Currnnt assets Debtors Cash at bank and in hand 17 3,430 150,124 153,554 1,549 138,641 140,190 Croditorn: amounts falllng due wlthln on• y•ar Net currnnt ass•ts 18 4.026 6,678 133.512 149,528 154,384 Totsl assets lass curront Ilabllltl•s 141,144 Net assets 154,384 141,144 Funds of the Gharlty Unrestrlcted fund8 154,384 154,384 141,144 Total charlty funds 20 141,144 For the year ending 31 March 2025 the charity was 8ntitlod to exemptlon from audlt under sectlon 477 of the Companles Act 2006 rfjl8tin9 to small companies. Dlrectors, responslbllltles: The members have not required the company to obtain an audit of its financial ststements for the year In qu&stlon In accordance w5th sectlon 478; The directors acknowledge thelr responslbllltles for complylng wlth the requirements of the Act with respect to accounting records and Ihe preparation of financial statements. These financial slatements have been prepared In accordanc8 With th& provlslons appllcable to companies sublect to the small companies, regime. The statement of financial position continues on the following page. The notes on pages 12 to 20 fomi part of thoso flnanclal Statements. 10
4 Winds User Led Assoclation Company Limited by Guarantee Statement of Financial Posltlon (contlnu•d) 31 March 2025 These flnancial taternents were approved by th8 board of trustees and authorised for Issue on and are signed on behalf of the board by: Signed Signed . Prlnt Name .. Tnjstee Print Name .. Trustee Company registratlon numb8r.' 03607430 The notes on pages 12 to 20 fomi part of these financial ststemonts. 11
4 Winds User Led Assoclation Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2025 General Infomiatlon The charity is a public benefit entity and a private company limited by guarantee. registered In England and Wales and a registered charlty In England and Wales. The address of the r8gist8r8d office is 65 Clare Road. Grangetown. Cardiff, CF116QP. statement of compllance Th8S8 financial ststements have been prepared In compliance with FRS 102, 'The Flnancial R8POrting Standard 8ppllcable in the UK and the Republic of Ireland,, the Statement of Recommended Practice appllcable to charfties preparlng thelr accounts In accordance wlth the Flnanclal Reportlng Stsndard applicable in the UK and Republic of Ireland (FRS 102> (CharStles SORP {FRS 102)> and the Companies Act 2006. A¢eountlng poll¢le8 Basls of pr•paratlon The financial statements have been prepared on the hlstorlcal cost basls. The finandal statements ar8 prepared in sterling, which is the functional currency of the entlty. Golng concem As at 31 Merch 2025 the charltable company had unrestrlcted reserves of £154,384, of whlch £149,528 ar8 fr88 resenies. The twstees have considered the going concern position in some detail and are sati$fied that in the immediate future the steps that they have alre8dy taken to review costs and secure additional funding for the next financial year should be sufflclent to keep the charlty operatlonal for at 18asl 12 months. The detailed justification for thls has been included in the financial review section of the trustees, annual report. On thSs basls the trustees ara satlsfied that no adjustments are required to the accounts at 31 March 2025 to refiect any uncertalnty in going concern. Judg•m•nt8 and key sources of e8tlmatlon uncertalnty The preparatlon of the flnanclal statements requlres management to make Judgements, estimates and assumptions that affecl the amounts reported. These estimales and judgements are continually reviewed and are based on experience and other factors. including expectations of future evenls thal are believed to be reasonable under the clrcumstances. Fund accountlng Unrestricted fvnds are available for use at the discretlon of the trustees to further any of the charftys purpos8S. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-dasses.. restrided incorne funds or endowment funds. 12
4 Winds User Led Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2025 Accountlng pollcles {contlmmdJ Incoming resources All In)me Is Included in the statement of financlal actlvltles when entFtlement has passed to the charity, it is probable that the economlc b8nefrts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policles are applied to particular categories of income: Income from donatlons or grants is recognised when th8r8 Is evldenc8 of entitlement to the gift, r8C8iPt Is probable and Its amount can be measured rellably. income from ¢onlr8cts for the supply of $8rvic8s is re¢ognised with the delivery of the contracted service. Thls Is classlfied as unrestricted funds unless ther8 Is a contractual requirem8nt for It to be spent on a particular purpose and returned If unspent, in which rnse it may be regarded as restricted. Re8ourc•8 •xp•nd•d Expenditure is recognised on an accruals basls as a liabilty is incurred. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the statement of financial activities to which it relates: 8XP8ndlture on charitable activities Includes 811 costs Incurred by a charity In undertaking activities that further its charitable aims for th8 benefit of its beneficiaries. including those support costs and costs relating to the govemanc6 of the charity apportioned to charitable 8Ctiviti8s. All Costs are allocated to 8xpenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that actlvlty. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Intanglbl• ass•ts Intangible assets are Snltially recorded at cost, and are subsequently stated at cost less any accumulated amortisatlon. Amortlsatlon Amortisation is calculated so as to write off the Cost of an asset, less its esllmated residual value, over the us8ful economic life of that asset as follows: Wesblta development 20Yo Straight Iln8 If there Is an Indication Ihat there has been a significant change In amortisation rate, useful life or residual value of an intsngible asset, the amortlsation is revised prospectively to reflecl the naw estimates. Tanglble assets Tanglble assets are initially recorded at Wst. and subsequentty stated at cost less any accumulated depreciation. 13
4 Wlnds User Led Association Company Limited by Guarantee Notes to the Financial Ststements (¢ontinuedJ Year ended 31 March 2025 Arxountlng pollcles {Mntlnu•d) Deproclatlon Depreclatlon is calculated so as to wrlte off the Cost or valuatlon of an asset, less Its resldual value, over the useful economlc lffe of that asset as follows.. Fixtures and fittings Office 8quipment 25% straight line 330/0 Straight line Impalmiont of flxed a88Ots A revFew for IndlcAtors of Impairment is carried out at each reporting date, with the recoverable amount being estimated where such Sndicators exist. No such impairments were required in the year. Flnanclal Instrum•nt8 A financial asset or a financlal liabiNty is recognised only when the entlty b8comes a party to the contractual provlslons of the instrument. Basic financlal instruments are initially recognised at th8 amount receivable or payable Sncluding any related transaction costs, unless the arrangement constitutes a financing transaction. where it is recognised at the present value of the future payments discounted at a market rate of interest for a simllar debt instrument. Current assets 8nd current liabililies are subsequently measurod at Ihe cash or other conslderation expected to be paid or received and not discounted. Financlal assets that are meesured at cost or amortlsed cost are reviewed for objectlve evidenc8 of impalrment at the end of each reportlng date. If there is objective evidenc8 of impairment, an impainnent loss Is recognised under the appropriate headlng In the statement of financial activities In which the initial gain was recognised. Deflned contrfbutlon plans Contrlbulions to defined contribution plans are r8cognised as an expense in the period in which th8 related service is provided. Llmlted by guarantee Every mernbar of th8 Cherity undertakes to contribute such amount as may b8 required (not exceeding £10) to the Charlty's assets if it should b8 wound up whlle he or she is a member or within one ye8r after he or she coases to be a member. for payment of the Charity's debts and Ilabllltles contracted before he or she ceases to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributories among themselves. 14
4 Winds User Led Assoclation Company Limited by Guarantee Notes to the Financial Statements (contlnuodj Year ended 31 March 2025 Donatlons and legacles Unrestricted Funds Restricted Total Funds Funds 2025 Donatlons Donatlons 640 Grants British Gas Energy Trust consortium bid Zurich Communlty Grant 20,000 20,000 17,500 38,140 17,500 18,140 20,000 Unr6strlcted Funds Restrlcted Total Funds Funds 2024 Donatlons Donations 670 670 Grants Brltish Gas Energy Trust consortium bid Zurich Community Grant 20.000 20,000 19,250 39.920 19.250 19,920 20,000 Charftabh actlvltles Unrestricted Total Funds Unrestrlcted Total Funds Funds 2025 Funds 2024 Cardlff and Val8 University Health Board 152.195 152,195 152,195 152.195 Other tradlng actlvltles Unrestrlcted Total Funds Unrestri¢ted Tot81 Funds Funds 2025 Funds 2024 Servic8 user training creats.ve Printing Workshop 1,290 250 1,290 250 1,540 1.540 15
4 Winds User Led Associatlon Company Llmlted by Guarantee Notes to the Flnanclal Statements {contInu Year ended 31 March 2025 Expendlture on charftable aGtivitio9 by fund type Unrestricted Funds Restricted Total Funds Funds 2025 Drop In C8ntre Support costs 154.065 3,030 20.000 174.065 3.030 157,095 20,000 177.095 Unrestricted Funds Restricted Total Funds Funds 2024 Drop In Centre Support costs 158,413 2,566 20,000 178.412 2,567 160,979 20,000 180,979 Expendlture on charltable actlvltles by acllvlty typo Actlvttles undertaken directly Support Total funds costs 2025 Totsl fund 2024 Drop In Centre Governance costs 174.065 174,065 3,030 177,095 178,412 2,567 3,030 174,065 3.030 180,979 10. Analysls of support costs Analysis of support costs activty 1 Total 2025 Total 2024 Governance costs 3,030 3,030 2,566 11. Not Incomo Net income is stated after charglngl(crediting)'. 2025 2024 Amortisation of intanglb16 8SS8ts Depreclatlon of tanglble fixed assets 3,500 3,500 533 12. Independent examlnatlon fees 2025 2024 Fees payable to the independent examiner for: Independent examination of the financial statements 2.280 2,280
4 Winds User Led Association Company Llmlted by Guarantee Notes to the Flnancial Statements f¢ontlnv•d) Year ended 31 March 2025 13. Staff cosls The total staff costs and employee benefits for the reporting period ar8 8nalysed as follows.. 2025 2024 Wages and salaries Social security costs Employer contributions to pension plans 136,828 2,349 6,821 136.176 4,485 7.333 145,998 147.994 The average head count of employees during the year was 6 (2024.. 6). The average number of full-time equivalent employees during the year is analysed as follows: 2025 No. 2024 No. Number of servSce provlsion staff No employee received 8mployee benefits of more than £60,000 durlng th8 year {2024: NII). Key Manag•m8nt Porsonnal Key management personnel Include all persons that have authorlty and responslblllty for plannlng, directlng and controlllng the actlvities of the charlty. The total compensatlon paid to key managemenl personnel for services provided to the charity wa5 £39,783 (2024'.£38,678). 14. Trustee rnmunèratlon and expenses No remunaration or other benefits from employment with the charity or a related entlty were recelved by the trustees. All trustees are entitled to Glaim reasonable expenses Incurred in connection with attending meetings. In 2025, trustees clalm8d £162 in expenses (2024 £166). 15. Intanglblo a8s0ts Webslte Dovelopmen Cost At 1 Aprll 2024 and 31 March 2025 Amortl$atlon At 1 April 2024 Charge for the year At 31 March 2025 17.500 10.500 3.500 14.000 Carrying amount At 31 March 2025 3,500 At 31 March 2024 7,000 17
4 Winds User Led Associatlon Company Limited by Guarantee Notes to the Financial Statements (¢onlinu•dJ Year ended 31 March 2025 16. Tanglble flxed assets Fixtures and fittings Equipment Total Cost At 1 April 2024 Additions 725 465 6.249 799 6.974 1,264 8.238 At 31 March 2025 1,190 7,048 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 724 30 5,618 510 6.342 540 754 6,128 6.882 Carrying amount At 31 March 2025 436 920 1,356 632 At 31 March 2024 631 17. Dobtorn 2025 2024 Prepayments and accrued income Other debtors 1,701 1.729 1,549 3,430 1,549 18. Crndltors; amounts falling due wlthln ona yéar 2025 2024 Accruals and deferred Income Social securlty and other taxes Other creditors 2,520 4,780 473 1,425 1.506 4,026 6,678 19. Penslons and other post retlremenl beneflts Defined contrlbutlon plans The amount r8cognised in incorne or expenditure as an expense in relation to defined contrlbution plans was £6.821 (2024.. £7.333). 18
4 Winds User Led Assoclatlon Company Llmited by Guarantee Notes to the Flnancial Statements (¢ontlnts Year ended 31 March 2025 20. Analysis of charftable funds Unrestrictod funds At 31 March 20 25 At 1 April 2024 Income Expenditure General funds 141,144 170.335 {157,095) 154,384 At 31 March 20 24 1 April 2023 Income Expendrture General funds 128,468 173.655 (160,979) 141,144 Restrlct•d fund8 At 31 March 20 25 At 1 April 2024 Income Expenditure Brltlsh Gas Energy Saving Trust 20,000 (20,000) At 31 March 20 24 At 1 Aprll 2023 Incorne ExndItUre British Gas Energy Saving Trust 20.000 (20,000) The Brit16h Gas Energy Savlng Trust grant is part of a consortlum bld with Rlverslde Advice Ltd towards supportlng people with mental health Issues associaled with their debts. utility bills and welfare rightslbenefits. 19
4 Winds User Led Association Company Limited by Guarantee Notes to the Flnanclal Ststements fcontlnuedj Year ended 31 March 2025 21. Analysls of net assets between funds Unrestricted Total Funds Funds 2025 Intanglble assats Tanglble fixed assets Current assets Credltors18SS than 1 year Net assets 3,500 1.356 153,554 (4,026) 154,384 3.500 1.356 153,554 14.026) 154,384 Unrestrlcted Total Funds Funds 2024 Intangible assets Tangible fixed assets Current assets Cr8ditors18SS than 1 year Nel assets 7,000 631 140,190 (6,677) 141,144 7,000 631 140,190 (6,677) 141.144 22. Rolat•d partlas The charity was under the control of the Irustees throughout the current and previous year. There are no transactions with related pardes r8qulred to be disclosed In the financSal statements, other than trustee expenses, as detailed in note 14. 20