REGISTERED COMPANY NUMBER: 06541083 (Engl4nd and Wales) ' REGISTERED CHARrtY NUMBER: 1123615 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S FOR CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIf4D imi *AEGU7NZ6' 1212025 Cc￿PANIEs H(XJSE A17 1129 Baker Knoyle Chartered Accounlants Orbit Busincss Centre Merthyr Tydfil CF48 IDL CWM TAF MORGANIYWG MIND RIVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND CONTENTS OF THE FfNANCIAL STATEME FOR THE YEAR ENDED 31 MARCH 2025 P*ge Report of th¢ Trust¢¢s Independtnt Examlner's Report St*t¢men¢ of Finallci￿ Activltl¢s B*lanee Sheet io C4sb Flow St*ternettt Notes ¢0 the Cash Flow Sts¢¢meMt 12 Notes ts the Flnantlal Statett￿llts 13 to 31 Detailed Stattmtnt of Flttanci*l Activities 32 to 33 CWM TAF MORGAf4NWG MIND GISTERED NUMBER: (16541(183 PREVIOUSLY WN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also dir¢¢tor5 of the charity for the purposes of the Companies Aci 2￿)6, pr¢seni their report with the financial staiements of the charity for th¢ year ended 31 March 2025. The ttwtees have adopted the provisions of Accounting and Reporting by Charities= Staiem¢nt of R¢comrnend¢d Practice applicable to chatities preparing their ¢counts in acwrdanc¢ with the Financial Reporting Standard applicable in the UK aryi ReÈiubli¢ of Lr¢land (FRS 102) l¢ffective l January 20191. Th¢ Tntst¢¢ R¢port includes the Report of the Directors, as r¢quir¢d by company law. Pagc I CWM TAF MORGANNWG MIND GISTERED NUMBER: 116541083 REVIOUSLY ILNOWN AS MERTHYR AND VALLEYS MtND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTtVES AND AcfiviTIES Objectives •Thd alm$ Our vision We won't give up urttil everyone ¢xperi¢n¢iDg a mentsl health problem gets both support alld respect. Our mission To provide quality serYice5 a¢ros$ th¢ Cwm Taf Morgannwg region that promote positiv¢ m¢ntsl h¢alth and wellb¢in& Our values: - We provide bope beyond surviving. - We bave compassion for ourselves aad other5. - We are passionate about building resilienrx and wellbeing We XTe: Open - We reach out io anyone who needs u5. Together- We're stronger in parn)ers￿"p& R¢spoD5ive- We listen. we act. Independent. W¢ speak out fearl¢s$ly. Un$toppable- We never wve up. Strategic priTrritie l. More adults get the support tlKy n¢ed as quickly and seamlessly as possible, with a focus on ensuring our servic meet the diverse needs of our populaiion and is as pr¢v¢ntstive &% ￿￿1b1¢. 2. tkvelop our services so that nKtre cbildT¢Q and yOUDg peopl¢ aTe better equipped and supported to mattage their own rn¢ntsl h¢alth and wellbeing. 3. In¢rease our partnership work io help to alleviate some of the key issues that continually contribute to poor rnEntal health. such as poverty, finan¢ial"pr¢ssure. housing or homelessness and work. 4. Lived experiellce is embedded through our organi5ati(Trn to ¢Thsure out sthvices keep pace with the help people require and so w¢ can support wider system change. As part of this, we are d¢v¢loping a Step￿1 Support Service that allows us io speed-up and reduce barriers to 511PPOrt. as well as provide greater prev¢ntioD of rn¢ntal health escaiatillg. By Stepped Support we mean a range of different services that can support people from low to severe mental health atMI ¢rn(Trtiot]al wellbeing challenges. Servlce User Involv¢rn¢nt Cwm Taf Morgannwg Mind seek to involve servkce user5 in a number of ways.. - Through Serviee User Representation at Tnjstee Board Level - Through employing people with direct livcd CXEKrience - Through consistently evaluating peopl¢s ¢xpwienc¢ of USiDg our sttvices - Through Co-producing our 5traregy - Trough info@ctmmind.org.uk - Through presenting topical issues through social media and communicating openly - Througb- http.'IwTr4w.cimmiod.org.uk]g¢t-involv¢(V off¢riD8 wider iDvolYemellt in Mind We evaluate the views of E)eople using our services throughout the year and analys¢ this data to striv¢ for improvfrn¢nt. w¢ know that a range of service us¢r involvernent approaches are required in order io ttuly engage and empower ihose using ow ￿rVI¢¢$. We also remain committed to the work of Mind aDd its Policy and Public Affairs role. getting local peoples, voice5 into Welsh Govcrnment Consultations which is a priority for us and the Mind Network in Wales. Pag¢ 2 CWM TAF MORGANNWG MIND GISTERED NUMBER.. PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MlhTI 41 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Summary of Actlvldes: Mind Supported Self Help A Mind National prod￿t, a pro8ramme of stlf41irected wpport for people experiencing moderdte mental health condirions such as anxiety and depression. &Flocat¢d in Pnmary Care Services. working alongside GP Practices and Primary Care Cluster Teams by providing paticnts with mental health inierv¢ntion5 in the'watchfiil waiting, p¢riod. This service is provided to athilts. as well as ¢￿'ldren and young people ￿'are supported my CAMHS. Talking Treatments Also knovm a5 counselling or psychotherapy. the charity is a regisiered member of the British Association for Counselling and Psychotherapy IBACP) and prOV￿e5 COUDselliDg service5 in partslership witb the NHS and Local Ptimary Care Mentsl Health Support SeThi￿$. Wete also fiuHled by the Arm¢d Forces cO￿nallt Fund to provide counselling and money advice to veteran& Trauma-Infomed Counselling Providing trauma.infornxd ¢QUDsellthg setvic¢s to Mth*rnble people to people wbo are 1￿me1c&S or in remporary accommodation. Independell¢ Adv0¢4ey Providillg independent finattcial.advocacy services to people rx¢iviag C￿e and treatrnent und¢T tbe Mental H¢aSth A¢t witht'n the Cwm Taf Mor8annwg University H¢alih Board regio￿ tn¢luding Royal Glatrrflrgan Hospitsl and oth¢r local health and inpatient services empowering people to use iheir voice and defend their rights and responsibilities. Independ¢nt community advocacy for people with rnentsl health problems Struggling to have their voice heard by StA￿tOry %rviees. ¢.g., social Services. SuppornDg ve1￿3￿% aAd m￿l¥ld￿ajS receiving it)patient tnental health care with fll)anci31 difficulti¢s. Carers Servlces wOrk￿g with carers who are exposed to loneliness and Isolatio￿ deliverillg a range of w¢llbeing initiatives to ¢x¢at¢ a sense of belonging in communities, mattering as individuals an& $￿akIng out on p¢opl¢'5 behalf when th¢ir rights are not upheld. Public beTretlt We have complied with the thity in 17 of th¢ 2011 Cbarities Act ￿ have due regard io 8uidan¢¢ published by the Conunission in resp¢ct of our duty to provide public btneflt. Volunteer$ W¢ have two volunteer roles which include t¥)ard voluttteers (12) and s￿dent Coullsellors126). )ng term objectlves The charity Co-produced ivs 2025-28 strategy during 2024-25 and five 5traiegy prioriiies w¢re agr¢ed. These are sho￿1 above. Page 3 CWM TAF MORGANNWG MIND GISTERED NUMBER: 116541083 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 025 ACHIEVEMENTS AND PERFORMANCE Ch*r5t*ble Ac¢ivitles Summary of Athievements and Performanee The eharity has work¢d extremely l￿d over the past year to reach as many people as possible. as we know our serviccs make a sigmficant differeD¢e to people's lives. W¢'v¢ abo focusscs on increasin8 oiir incoIne. extcnding our support and enhancing our govemance and COTW)ral¢ functions. In addition, we consulted wilh hundreds of people and professionals across the region in developing a rw, 3-year strat¢gy for 2025-28. Thi$ strategy will provide clcar direction and focw for the organisatiot) and exciting service d¢v¢lopment opportuniti¢s. In developing ihe strategy. we hav¢ increased and de¢pened our partnerships. and this will help provide more holistic support to help reduce some of the tssu¢s that contribut¢ to pry)r mental healt￿ such a5 financial challenges. Iwusing, education aDd employtnellVunemployrnenL How We Me8sure Sutetss Cwryn Taf Morgannwg Mind apply a variety ofdifferent measures across ow range of services to demonstrate suc.cessful outcomes deliv¢r¢d by our servic¢, we apply th¢ Mind Outcomes Tootkit wbich allows us to ieport on our impact to conunissioners and grant fimdeTS. W¢ have develop￿ our Theory of Change, methodology. eDhall¢ed resources, centtalised data processes. deVel￿d wlicy and coutinue to monltor and evaluate our effectiveness. FINANC￿ REv￿w Pr&ncip•l funding 5our¢es W¢ would like to thank Bridgend County Borough cou￿11. cl￿ Taf Morgannwg UniveTsity Health Board. Merthyr Tydfil County Borough Coun¢iL RJK)ndda c)I￿n Taf Couw Borough Coullcil, ArtDed Forces Coyenant Fund. Henry Smith. the Oak Foundation aTKI Mmd National for th¢ir rontinu¢d investsneni in our setvices. Reserve$ poliry Our Fre¢ li¢s¢rves showTr in our 2024_2025 accounts are £634,223 which is above the agreed tsrgeted re5¢rv¢s policy of £261,950 bui is considered a prudent level of reserves given the curreni ecoTh)mic environmeni. Th¢ Tn￿te¢S have idenlifi¢d the cl￿1￿5 n¢¢ds. key risks and have ideniified key elements to ttiitsgatt andlor manage those riskK as follows.. l. Finaneial. Resilience- investing reserves wisely in prowty and th¢ development of a viable social erAt¢Tpfise 2. Maintaining a skilled workforce- wellbeiD8 initiatives and job evaluatiOD 3. R¢putational risk - people pres¢nting with high¢r d¢grees of Deed 4. Competition from new providers of rnentsl health seryices Flnanri41 Re5ilien¢¢ Th¢ chariry's CEO and leadersbip tearn work with the board" to ¢on5ider bow to enhance our fu)ancial resilie￿¢. This includes how we can enhallce our systems and prrt&sses to reduce risks and wbere we can save nM)ney. gain new incotne attd div¢rsify our incorne. FUTURE PLANS We ar¢ tsking fonwdrd Pla￿ to Stsstsinably deliver our straiegy and have so far gained fjJnding ￿ develop gteps 1-3 of our Stepped Support S¢rvice, which includes E￿tional Listening and Support and Single Session Therapy. We also piloting the use of Supported Self Help to increase school attendan¢¢ in Rhondda C￿10￿ Taf and Merth￿T Tydfil. Page 4 CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 21125 STRucfuRE. GOVERNANCE AND MANAGEMENT Governing document Th¢ ¢harity is Controlled by its governing documen( a deed of and cons¢itute5 a limited company. limited by guaranree, as defjned by the Compani¢s Act 2006. Cwm Taf Morgatll)wg Mind5 governing documents are it5 MeJnoraThdum and Articles of A550ciation (atri¢Dd¢d 23rd O¢tober 2015). The Organisation has been ill¢orpoTrted since 1st July 2008. Recruitment apptsintmeDt of trnslees All applications bave to b¢ rettwned to the Board SecEetariat by post and arc invited ill ftir fornBI discussions ￿ get to know the charity and their roles and r¢5ponsibilities. these dis¢ussions are led by the Cbarity Cbainnao. Depettdll￿ o skill. knowledge. experience and suithbility, they will b¢ interviewed by ihe Trustee Board, or it5 d¢legated deputies. as part of the appointment process. The Chief Executive Officer will arrange a m¢etin8 with the newly appointed tr￿Stee$ to arraThg¢ an induclion and provide insighL Orgallis•tioTr*l struclltre Cwm Taf Morgannwg Mind have a Trustee Board who nxet quarterly and ryonsible for overall charity governance. At preseni the Board has several professional members from a variety of ba¢kground5 relevant to the charity as well as otheT Twstees wih skills that ar¢ invaluable io the Organisation. The Trustee Board may develop sub-eommittees to lead specific or8anisaiional developments in line with its duti¢s under the Mind Quality Mark, a quality framework endorsed by the Chatity Commission in England and Wales. The Board delegaie straiwc managetnent ￿ the CEO WI￿ 1$ accountsbk ftsr delivering on our vision, mission values and goals. The CEO maintains 5trat¢gic relationships with our wrnmissioners oi'purchasers of services.. The CEO manages and provides leadership to the Straiegic Ikadership and Management Gioup (SLMG). with support and superyision in lin¢ with Mind Quality MaDa8etnent {MQM) and organisational policy. ltsduttlon and tralnlng of new trnstees Ttwstee5 are already familiar with the prnctical work of the chan.ry and ar¢ encouraged to spend time with'n the Organisation. Addilionally, new trustees are inviied and cr￿oUraged io attend a seri¢s of short infornul training s¢$5ions to familiarise thernselv&8 with the charity attd the coniexi With￿ whL"ch it operates, these will be carried ou¢ within ttrle organisarion.The5e ar¢ jointly led by th¢ Chair and CEO of the ¢I￿lty and cover.. - The obligations of TnL4tee5 - The ￿ain documents which sei out the operntional fratnework for the charity in¢luding the m¢rnQrat￿Urn and Articles of Association and the cuNen¢ straTrgy. - R¢sourcing and the curreni finaneral posrtion as set oui tn the latest published ac¢owits. - Future plan5 and objectives In addition, the Trn$te¢ Members aTe offered a stru¢turnl learning and d¢velopn*ni programme. Th¥ Clwity CommissioD publtcallon 'The Esseorial TnLStee" is distyibut¢d to all the new I￿ste¢S along with the latest financial statements. and minutes of the three previous Trustee Board tnttiings. Cwin Taf Morgannwg MÈnd hay¢ produced an induction prograrnme, which 1$ cortstsntly updated and implemeftted. Organisational governanc¢ processes aTe followed inlin¢ with the Cbarity Con]mission and the Mind Quality Mark standards. Key managernent remuner*tiDD The charity sets its pay Struc￿r¢S using market intrlli8ence, c05t of living rises are det¢nnin¢d by the Board of Truste¢$ in litie with the cbarities affordability and SCOPiDg of the public and clwity sectors remuneration beDcbmarks. Wld¢r network Our affiliation to Mind and workn.ng in collaboration with ihe Mind Nenvork means that we are strategically aligned io the national priorities in Mind and therefore work to achiev¢ a sustainable nerwork, foT which we play a key role at Dational and local level. P4¢5 CWM TAF MORGANNWG MtND EGISTERED NUMBER: 06541(183 PREVIOUSLY KliOWTrI AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTUBI, GOVERNANCE AND MANAGEMENT Rel¥Jted partles Cwm Taf Morgartnwg Mirtd is affiltated to Mind trhe National Mental Health Clwity) via a federated chariry strnctyre. Cwm Taf morga[￿WE Mind has fomwlly contracred with MitKI via th¢ Federation Agre¢rn¢nt which specifies its fornul r¢lationship. The charity h15 clos¢ relatiODsbips with the followiDg organisations: Rehted partles- Membership. The charity has close relationships attd is a member of the following organisaiions: l. Wales Coun¢il for Voluntsry Action IWCVA) 2. Bridgend Association of Volwitary Organisations (BAVO) 3. RCT Interlink 4. Voluntary Action MetthJT Tydfil (VAMT) Publi¢ Sector Commlssi•ner - Cwm Taf Morgarfftwg University Health Board - M¢rthyT Tydfil Couw Borough Council - Rhondda Cynon Taf County Borough Council - Bridgend Cowity Borough Council Partner OrgaDlsations - Mind Cymtu- The Voice of tbe Mind Network in Wales - tA)cal Minds attoss Wales and England - Trivallis Housing Association - M¢rthyT Tydfil Housing A5s0ciatio - MerthyT Vall¢ys Homes - Cynon Taf Housing Group - Citizen5 Advice covering RCT. MerthyT Tyfil and Bridgend cowitses Futtders {Grants) - Oak FoU[￿atIOn - Henry Stnith - Anned Forces Covenant Fund - Wales & West Utilitie5 Moondanc¢ Foundation - Garfield Weston Foundation - Illdividual donor& SpO￿rS and fithisers. The organi5ation is a ttWDber of the Cwm Taf 3rtr Sector Mental Health F¢)rum and Iw representation on vario sub-groups and many ¢ommunity groups inGluding'. - One Mind in Wales - Mental Health Partheiship Board . Cwtn Taf Morgannwg Reyonal Pattsership Board Rlsk management The tr￿StetS apply a risk nwiagetneni framework which will comprise an annual review of the risks the charity may face, atmj the ¢5tsblisl]rneni of sy5t¢ns and wocedwes to rnitigate nsks identified. To implement procedures designed to minimise aDy Potential impact to the charity should those risks arise, sev¢ral poli¢i¢5 hav¢ been intr￿luced aThJ adop*d by the board of trustees which are focused on the Organisational SNcwre and risks a5s0¢iat¢d th¢r¢in. Pag¢ 6 CWM TAF MORGANNWG MIND GISTERED NUMBER: 0654108 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINtsfRATtVE DETAIts Registered Company number 06541083 IEn8land and Wales) R¢gl$tered Charity 1123615 RegSsteTed ofTrt 88 High Street Merthyr Tydfil CF47 8UG Trustees Councillor Cliv¢ T Ji)ne5- Chair Mr Gerwyl Butler . Tr¢&5urer- iesigned 22nd Sept¢tDber 2025 Ms Lisa M Thomas- Tesign¢d 23rd June 2025 Ms Briony Hunt- resigned I lth Juoe 2024 Ms Joanna Markham Mr BettjaJDin H Trewartba Ms Joanne Trewartha- resigned 18th Novemb¢r 2024 Mr David Price- appoillted 8th July 2024 Ms Lynnette Th0[n￿- appointed 8th July 2024 Mr James All¢n- appoint¢d 8th luly 2024- resigDed 3rd February 2025 Mrs Helen Whiffi¢ld-WilliarDS- appointed 8th July 2024 Mr lan John Dimeni- appoinied 8th July 2024 Mrs Helen Anne Smith- appoinled 8th July 2024 Consllltanti Simon Lambert (HR) Charity CEO And daY-l￿d•Y mxn•g¢rneAt Ms Lucy Reynolds (Interim) Mr Kierdn Harris (July 2024- d￿} IDd¢pendent EumiDer R.1. Knoyle ACA FCCA Baker Knoyle Chartered Accountsnts Orbit Busin¢5s Centrc MerthyT Tydfil CF48 IDL BaDker5 Barclays Bank Pl 47 High Street Merthyr Tydifl CF47 8DL Approved by order of the board of truste¢s on 27 November 2025 and sigrtd OD its ixbalf by. C T Jon¢s- Trustee Page 7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CWM TAP MORGANNWG MIND GISTERED NUMBER.. 06541083 IDd¢pendent ex#mSner'5 report to the trustees of Civm Taf Moryantswg Mind ('the Company, I report to the ctw.ity It￿$￿e& on my examinauon of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charitys trustees of the Company (ar￿ also its directOTS for the PUTposes of company law) you are responsible for the pr¢paration of th¢ accounts in accordance with the requirenKnts of the Cornpanies Aci 2006 ('thc 2006 Acv). Having satisfied myself thai the a¢¢ouThts of the Company are noi required ￿ b¢ awlit¢d under Part 16 of the 2006 Act and ar¢ ¢ligible for illdepeDdettt examinatioll. I report ill respeci of my examinats"OD of your charitys accounts as carried out under Section 145 of the Chatities Act 2011 {'the 2011 Acf). In carryÈng out my examination I bave followed the Dfftrections given by th¢ Cbarity Commission under Scction 145(5) (b) of the 2011 ACL Indep¢DdtDI ex%wip¢r's $ts¢etnent Since your cbaritys gross income exceeded £250.(KKI your examiner muu be a member of a kn.sied body. I can confu that l am qualified io undertake th¢ ¢xaminaiion l am a member of th¢ Insti￿te of Chartered Accountants in England and Wales. which is one of the listed Ixxlies. I have ¢ompl¢ted rny examinatlOD. I ¢oDfwtll that no matters have come to my attetttLOtt ill CODnection witb the examination giving m¢ cause to belicve: accounting records were MTrt kept in respect of the Cowy a5 r¢quired by Section 386 of th¢ 2006 ACL or the accounts do noi accord with those records- or the accounts do not comply wilh the accountiwtg requiremenrs of Section 396 of the 2006 Act other th8n any requirement that the accounts giv¢ a true and fair view which is ￿t a matter considered as part of an independent examination. or the accounts hav¢ not been Prepared in X¢OrdaD￿ with the method5 and principl￿ of tbe StatenKnt of Recommended Practice for accounting and reponing by chariti¢s (applicable to charities preparing th¢ir accounts in ¥cordallce ihe Ftnancial Rq￿rtIllg Stsndard applicabl¢ in the UK and Republic of Ireland (FRS 102)). I have concerns and have corne across no other rnatter% in connection witb tbe examtnation to which atteniion should b¢ drawn in this report in order to enable a proper under5tandiDg of ihe accounts to be reached. R.1. Knoyle ACA FCCA Baker Knoyle Chartered Accountsnts Orbit Business Centre m¢rth￿ Tydfil CF48 IDL 27 Novemb¢r 2025 Page 8 CWM TAF MORGANNWG MIND REVIOUSLY KNOWN AS MERTHYR AI¥D THE VALLEYS MIND STATEMENT OF FINANCIAL ACTtVlTIES CORP0114TING AN INCOME AND EXPENDtTURE ACCOUN FOR THE YEAR ENDED IMAR H 2112 2025 Total funds 2024 Tot21 fund5 Unr¢strieted Restricted funds Notes INCOME AND EIYDOWMENTS FROM DonatiODS and legacies 10,092 45.678 55,770 144,556 Ch*rit*ble aetlvltks Recov¢ry S¢rvices Housing Support S¢rvices Enterprise 164202 208.755 372.957 477.403 141.488 357,844 236,791 120,553 357.344 Qiher tradtng aciiviti&s Investment income 4.970 18.237 4.970 18.237 9,522 12,189 Total 434.292 374.986 809,278 ,143,002 EXPEI¥DITURE ON Charltable •ttivities Core AdJnI￿"S1[al1oll R¢covery Services Housing Support Services Primary Care PT¢vention Enterprise 16.559 128.060 6.233 163.654 221.436 48.437 180.213 349,496 54.670 272,722 544.994 126.557 48.156 364.594 238.793 100,560 339.353 389,645 534,087 923.732 ,357,023 NET tNCOMEIIEXPENDtTURE) Transfers between furtds 44.647 (50,177) (159,101) 50.177 (114.454) (214.021) 18 Net mDvemeDt in f¥nds (5.530) {108.9241 1114,454) (214,021) REcoNC￿lATION OF FUNDS Totsl fimd5 brought fonvard 839,410 270,444 1.109,854 1,323,875 TOTAL FUNDS CARRIED FORWARD 833,880 161,520 995,400 1.109.854 The notss fonn part of these fi[w￿la1 ststements Page 9 CWM TAF MORGANNWG MIND GISTERED NUMBER: IJ6541083 RE￿0 LY KNOWI¥ AS MERTHYR AND THE VALLEYS MIND BALANCE SHEET 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible assets 13 1,179 1.474 CURRENT ASSETS Debtors Cash at bank 14 52.884 1,038,390 167,562 998,795 .091274 1.166.357 CREDITORS Amounts falling du¢ within one year 15 {97.053} (57,977) NET CURRENT ASSETS 994,221 1,108,380 TOTAL ASSETS LESS CURRENT LIABtLITIES 995,41J) 1,109,854 NET AssErs 995.4 1,109.854 FUNDS Unresrricted fvnds Restricted fijnds 18 833.877 161.523 839.410 270,444 TOTAL FUNDS 995.400 1.109.854 The charitable company is entitled to exen¥tion from audit und¢r S￿￿0￿ 477 of th¢ CoJDpani¢g Act 2006 for th¢ year ended 31 Mar¢h 2025. The members have not r¢quired the company to obtain an audii of its financial stsiements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006. Th¢ trustee5 acknowledge their responsiThilities for {a) ensvring that tb¢ charitsble ¢ompany ke¢ps a¢¢ountithg records ihai comply with SeciioJL$ 386 and 387 of the Compani¢s Act 2006 and preparing financial ststements which give a true and fair view of the state of affair5 of th¢ charitable cornpany as t tbe end of eacb flltsllcial yw and ol" its surplus or deficii for each financial year in accordance with ttrLe r¢quir¢rn¢nts of S¢¢tions 394 &nd 395 and which otherwise comply wth the requirements of the Compallies A¢t 2006 relating to fiNancia] sratements, so far as applicabl¢ to th¢ ¢haritable con¥)any. (b) These finaDcial ststements have been prepared ID accordance with the provisions applicable to charitable compatiies subject-to the small companies regime. Th¢ financial staternenis were approved by the Board of Tn￿leeS and authorised for issue on 27 November. 2025 and were signed on its behalf by: C T Jones- Tn￿1 Ifhill The notes forn) part of these fiDa￿la1 staiemeDts Page 10 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND CASH FLOW STATEMENr FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Casli flow$ from operatlng actlvi¢ies Cash generated from op¢rations 21.358 {201.826) Net cash pmvided byl(used in) operating activiti¢s 21,358 {201,826) Cash tIDws from investing activities Interest received 18.237 12.189 Nei Cash prnvided by investing activities 18237 12.189 ChaDge ID casb *Dd c*Jh equlvxl¢Dt$ i the rep•rtlng perlod Ca$h and e#$b equivalents at tbe beginning of the reporting period 39,595 (189,637) 998.795. 1,188,432 Cash and cash equlvilents It the end of tbe reportiDE period 1.038.390 998.795 The noles forn] part of these fironcial 5ts1ements Page 11 CWM TAF MORGANIYWG MIND USLY KNOWN AS MER VALLEYS MIND NOTES TO THE CASH FLOW STATEMENT FOR ThE YEAR ENDED 31 MARCH 202 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATtNG ACTtvrTIES 2025 2024 Net ¢xp¢nditure for the reporting period (•5 per lh¢ St*tett*ttt •f Fln4n¢l*l Actlvitles) Adjustments for: Depreciation charg¢$ Interesi received Decrease In debtors IrtcreaseJ(decrease) Ill creditOTS (114,454) (2 14,021) 295 (18.237) 114,678 39,076 (12,189) 72,711 151,771) Net C4sh pr•vid¢d byl(uYd In) oper*th)ns 21.358 (201.826) ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net ea$h Cash at bank and in band 998,795 39.595 1,038.390 998,795 39,595 1,038,390 Tot*1 998.795 39.595 1,038,390 The notes ftjrni part of th¢x fitwicial ststements Page 12 CWM TAF MORGANNWG MJND USLY KNOWN AS MERTH VALLEYS MtND NOTES TO THE FINANCIAL STATEMENTS FOR THE YT AR ENDED 31 MARCH 202 AccouNfiNG POLICIES Orginizatlonal st*l¥8 The fjnancial ststemenis of the charitsble ¢ompany, whi¢h is a public benefit entity under FRS 102. have been prepar¢d in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recomm¢nd¢d Practice appb"cable to clwities preparing their ac¢ounts in accordance with th¢ FiDaneial Reporting Stsndard appIl￿bI¢ ID the UK and Republic of trelatmj {FRS 102) (effxtiv¢ l January 20191,, Financial Reporting Stsndard 102 Tr Finan¢ial Reporting Standard applicabl¢ in the UK and Republic of ITeland' and the Companies Act 2006. The flnancial stsiements have been prepared under the hislorical cost CODv¢ntion. The organisation is a couyuy lin)it¢d by guaratttee and a re8is*red clwity, both r¢gister¢d in Ell￿[￿ & Wales.The directots are the trustees and ar¢ set out on page 9. they forni a board of trustees which sets the Strdttgic dtrection of the cbariry and monitors the perfollnanee Of the organisation against ifs goals. The aitns and obj¢¢tlV¢5 and rulcs for Eovernance are sei out in the charitable compan￿$ Memornnthim and Articles of Association. Ine(*me Ail income is recogtllsed in the Ststement of Finan¢ial Activities once the cbariry has entidemeAt to the funds. it 15 probable that the incotne wll be received and the amount can bt measured reliably. The following 5pe¢ifv poli¢ies are appb"ed: Voluntary Sncome received by way of grants. gifts or donation is iD¢luded iti ￿11 ott receipt unless it is subjeei to a conditlOD when it is treaied as deferred iocome. Deferred incorne. Iricom¢ or grants received ill advance are held as deferred irKome and caTtied forward to Djre accoLmting periods io be releas¢d wh¢n th¢ defined purposes of the WOTk or project have been completed, approved or certified. Gifts In klnd are includ¢d ith the income atKI expeTJdifure account wh¢r¢ th¢y ar¢ appli¢d in carying out chan"rable activities, where the company would othenvise have io purchase th¢ donated fa¢ility and th¢ b¢n¢fit is both quaniifiable and material. The quantifiable b¢nefii is shown as tK)th incoming aThl expended resources withL"n the appropriate fijllds. Where the gift 15 an asset it is treated as In￿Me and (aken to stock or r￿ed assets as appropriate. The value of sthvices PTovided by volunte¢rs is not quantified. Investment Income is included when r￿e1v¥ble. Tr*ding intomt is reCo￿lSed when earned. Government Gr*Dt Intome comprises specific project relat¢d ditc¢t support. See note 2. IncoTning Resource$, for amounts. Expendlture Liabilities are recogtiised as expendithwe as sooo as tbere is a Itgal or constructive obligation cotnmitting the charity to that ¢xpenditure. Lt is probable a ttatt8fer of economic b¢nefJts will be required in s¢ttl¢m¢nt and the amount of the obligation can be m¢asur¢d reliably. ExpeTrditure is accoulltrd for on an accruals basis and t been classified under headings that aggregate all cost related to the category. Where cosrs cannot be directly attributed to particular head￿ they have been allocated to a¢tivities on a basis coDsistent with the use of resources. Charitsble expendiDJre comprises ihose costs incurred by the charity in the delivery of its aCtiVLties and services for its ben¢ficiarics. It ineludes the costs that can be attribuied directly to th(15¢ a¢tiviti¢s and th05¢ ¢OSts of an indirect llaNre necessary to 5UPPOrt thenL Page 13 continued... CWM TAF MORGANNWG MII*D LY KNOWTr4 AS MERTHYR AND THE VALLEYS MIND RE NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLlCtES- eontlnued Expend1￿re AU expenditsre 15 all￿ated berweett the categoTies of the SOFA on a b¥1$ d¢S1￿¢d to r¢fl¢ct the us¢ of the resource. Costs relating to a particular activity are allocated directly. others apportion¢d b¢twe¢n ￿tegOrj¢S on a basis that fairly reflects their w8¢. Cbaritable activilies Durmg the year the charity revised its chan"table activities ￿ include the four main servic¢ functions tog¢ther with Core Administration. Th¢ four main service fimctions being Recovery Servi¢e, Housing Support Services. Primary Caff Prevention and Enterprise. Prior y¢ar SOFA activitscs have also been revised io refl￿1 th¢ change. Tangible fixed assetg Depretiation hs provided at the followin8 annual rdtes in order io wri* off each asset over its estirnat¢d usefvl life. Plant and n￿¢￿illery Motor vehicles 20% on reducin8 balance and 15•A on reducmg ba]an¢e 25°A on cost Tangible Fixed Assets are includ¢d in the balance sheet at historic cost less accumulaied depr¢ciation. Grant receipts wkn.ch fijttd fixed asset acquisitions are tsken to restricted funds and the appropriate d¢pTeciatson charg¢ 15 made agaill￿ those futtds over the expected weful lit¢ of the asseL TAxation The charity is exempt from CO￿Orati1￿ tsx on its chan"tsble activities. FuDd accfjuntitig Unrestricted fvnds Can ￿ used in accordance with%the charithle obj¢ctiV¢5 at the dI￿retion of the ts￿lee$. Resthcted funds can only b¢ ￿ed for parttcular restricted purposes within the objecrs of the charity. Restrictions arise when specified by the donor or wh¢n fvnd5 arc rai%d for particular restrtcted purposes. Designated fvDd$ are tbxe unrestricted fuJKls set asid¢ by th¢ Board foT a speeifie purpose. Further explanation of thc nature and purpose of each fiuid is included in the N)te$ to the financial statements. P¢n$10￿ eosts Pension costs ar¢ ¢ontributions made by the charitable wrnpany to both employees own personal pension schemes together with ¢ontributions made io the employees government work pla¢¢ pension schem¢. Le45¢d ass¢tS Fixed assets acquired under finance leases are included in the balance sheet at historic ¢ost l¢ss accumulat¢d depreciation. The present value of rentsls is shown as a liabiliry. Interest payable in each period 15 cbarged as atl expended resource in proportion to the amount outstandith8 under the lease. operating lease rentals are Charged as exp¢Dd¢d r¢sourcts as I￿U[red. Ex-Grat5* Termlnitlon Paymen¢ Tennination b¢n¢fits are paydble wbett emplo￿l￿ent is tenninat¢d by the Charity before the nomkl retirement dale. or whenever an employ¢e accept5 voluntary redundancy in exchange for these benefits. Th¢ Charity r¢cogniscs termination bellefirs wh¢n It is dernonstrably Conllllitted to eitber (i) (erniinating the employrnent of curreni employees according to a d¢tsiled formal plan wiihoui pO￿lb]lity of w¢hdrawal or lil) providing temirtation benefits as a result of an off¢r made to eDcourag¢ voluntary redundan¢y. Deblors And f redltors rttelv*blelpayable wi¢hlTh one ye•r Debtors and creditors with no statcd inter&8t rate and receivable or payable within one year are rKorded at trdnsaciion price. Page 14 continued... CWM TAF MORGANNWG MIND REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUThTING POLlCtES- eonti*ued Going ¢onetrn In common with many othei similar organisaiions. we find ours¢lv¢s in ihe situation where some 8rant-fuThded projecrs and guarant¢¢d CODtRCt-tfT￿s are due to ctKI with our financial yeat. We are also waiting on th¢ ouf¢ome of a number of further grdDt application¥ and therefore. currentty, have no guardntees as to what our exact 25126 funding Str¢an￿ may look like. The tryst¢¢s are confideni that sufficient fjJnding sources will b¢ agreed to allow the organisation to move fonvard in a similar matmer to recent yeats. bave plaDtJed altertvdtive operating models. should income streams be lower than envisag¢d. The trnsie&% thereftire feel it appropriate to Prepare th¢ a¢￿Wits on a going wn¢ern ba5lS. DONATIONS AND LEGACIES 2025 2024 Donaiions Gift aid fjran 10.036 134 45.600 7,426 18 137.112 55,770 144,556 Grants received. I￿l￿ded in the abov@ ar¢ as follovts.. 2025 2024 Cwm Taf Morgannwg University Health Board MfND (NAMH) Henry Smith Garfi¢ld Western 64.754 47,158 25,200 25.6(K> 20.(KJO 45.6 l37.112 2025 2024 Fundraising events Training 4.970 7.252 2,270 4.970 9.522 P#g¢ 15 Continued... CWM TAF MORGAN]YWG MIND PREVIOUSLY 'OWN AS MERTHYR AND T VALLEYS MIND NOTES TO THE FINANCIAL ST TEMENTS- ¢oDtlnu¢d FOR THE YEAR ENDED 31 MARCH 2025 INVLSTMENT INCOME 2025 2024 Deposit a¢¢ount int¢r¢st 18237 12.189 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Aciiviry Recovery Services Housing S￿￿)rt Services Ente￿rISe Charitabl¢ ¥tivity i￿9￿¢ Charitable #ctivhty incom¢ Charitable a¢rivity income 372,957 477.403 141.488 357.844 357.344 730.301 976,735 CHAIUTABLE ACTIvrrIES cosrs Support costs (see note 7) Direci Costs Totals Core AdmÉnistration Recovery Services Housing Support Setvices EntetTJris¢ 161.874 307,047 47,910 304.819 18.339 42.449 6,760 34.534 180.213 349,496 54,670 339,353 821.650 102,082 923,732 SUPPORT COSTS Human Governance costs ManagenYDt FiJonee Totals Core Administration Recovery Servi¢es Housing Suppon Services Enterprise 9.935 25.289 2,941 18,709 3,312 8.430 980 6.236 3,312 7,098 2,312 6.236 1.780 1.632 527 3.353 18,339 42,449 6,760 34.534 56,874 18.958 18.958 7,292 102.082 NET INCOMV(EXPENDITUBE) Net incomel{expenditure) is stsied after clw8￿￿(crtdi1￿g)". 2025 2024 Depreciation- owned assets P¢nsion contributsoDS Accountancy Fees Other PayToII & A¢countancy Seryices Redundancy Payment Independent Examiners Fees {2024 Audii Fees) 295 29.582 3.800 2.292 8.599 1200 49.443 3.564 2.795 17,091 Page 16 Continued... CWM TAF MORGANNWG MIND REVIOUSLY WN AS MERTHYR VALLEYS MIND NOTES TO ThE FINANCIAL STATEMENTS- contiDu¢d FOR THE AR ENDED 31 MARCH 202 TRUSTEES, REMUNERATION AND BENEFrrs Tberc werc tntstees, renX￿era11Oll or other benefits for the y¢ar ¢nd¢d 31 March 2025 nor for the year ended 31 Mawh 2024. Trusttts, expenses One tn￿te¢ r¢¢¢ived expetL5e pajinents totslling £151 (2024: £79) for the year. These payments were reimbursement of travelling ¢xpens¢s. io. STAFF COSTS 2025 2024 Wages and salaries Other PCDSIOII Costs 619.123 29.582 935.121 49,443 648.705 984.564 The average monthly number of employees during the year was as follow5.' 2025 21 2024 39 Full time equivalent The number of employees whose enwloyee benefits {¢X¢1￿11ng ¢mployer pension w5ts) ¢x¢¢ed¢d £60,000 was.. 2025 2024 £60.001- £70,000 Average employtt head count for the year was 21. locluded within wages and 5alarics is Employets. Nl contributions of £42,376 {2024:£68,985). Included within other costs is £Nil {2024:£17.091) for redundancy and other costs paid during th¢ y¢ar. Included within wages and salaTies is £8.599 for Yedundancy paid dwing the year. The key management of the charity comprises the Chief Executive Officer, ]￿lUding the Interim Executive Offieers.The totsl benefits of the the key management personnel of the charity was £72.999 {2024.. £89.920). Page 17 continued... CWM TAF MORGANNWG MIND ou LY KI*OWP4 AS MERTHYR AND THE VALLEYS MIND TES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 ii. COMPARATIVES FOR THE STATEME￿ OF FINANCIAL A￿1VITIEs Unr¢stricted Restri¢t¢d Total nds II¥COME AND ENDOWMENTS FROM Dolla(ioDs alld legacies 137.112 144,556 Cbaritable Activities Recovery Services Housing Support Services Enterprise 316.302 141.488 477,403 141,488 357,844 357.844 Oth¢r trading activities Investtnent incom¢ 9,522 12.189 9,522 12.189 Total 548.1 594.902 1,143,002 ExPE1￿lTURE ON Chxritable activities Core Administration Recovery Services Housing Support Setvices Primary Care Prevention Entetpris¢ 272.722 130.353 896 2,167 302,476 272,722 544,994 126,557 48,156 364,594 414.641 125,661 45,989 62,118 Totsl 708.614 648.409 1.357,023 NET INCOMEIIEXPENDITURK) Transfers between funds (160,514) 100.432 {53,507) (100,432) (214,021) Iyet moveD￿nt Ill fuDds {60.082) {153,939) (214,021) RECONCILIATION OF FUNDS Totsl funds brought for4Yard 899.493 424.382 .323.875 TOTAL FUNDS CARIUED FORWARD 839,411 270,443 1.109,854 12. AUDrroR & INDEPENDENf EXAMINERS. REMUNERATION 2025 2024 Fees payable to the charity's Ind4w)dent Examiners for the Independent Exa￿l￿atIOn of thr chatity's financiat $wert￿lS 1200 Fees payable to the cbarity's Audito￿ for the A￿￿11 of the clwity$ fitthDcia] statements 3.600 Amounts payable to Independent Exa(niner (2024.. Auditor) itb relation to aecount5 preparntion, payroll. Pension adtnu)iStration and other services provided ￿ the ¢t￿lty w¢re £6.092 (2024.. £6,359). Page 18 continued... CWM TAF MORGANNWG MIND RE￿OUs VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS- ¢0 FOR THE YEAR EI¥DED 31 MARCH 21125 tiDued 13. TANGIBLE FIXED ASSETS Plaut and machittery Motor vekn.cles Totals COST Ai l April 2024 and 31 ma￿kn 2025 24,139 29.258 DEPRECIATION At l April 2024 Cbarge for year 22.665 295 5.119 27.784 295 At 31 March 2025 22,960 5,119 28.079 NET BOOK VALUE At 31 March 2025 1,179 1,179 At 31 March 2024 1,474 1,474 14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors Prepaynents 51,974 910 167,562 52.884 167.562 15. CBEDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Trade creditors Pension Fund Oth¢r Creditors Deferred income Accnjed expenses 12.905 7,399 7,860 5.415 24.398 2.552 45.772 42.633 97.053 57,977 Deferred Ineome 2025 2024 . Opening balanc¢ Movement in the period 5.415 40,357 8.968 13,553) Deferred incorn¢ ¢arTied forward 45,772 5.415 Deferred incorne represents itscome ￿e1ved from contributing agaKies where the contribution was restricted to a fixed time period proJ¢¢t whk¢h ¢xtrn(L5 b¢yond th¢ awrent financial year. Income is deferTed on the basis that th¢ contributiotl was w the project as a whol< th¢ time period of th¢ project was fuuy disclos¢d to th¢ contributing agenci¢$ atwj titne period is certain. The deferred income carried fonvard is analy5ed as ftsllows: Page 19 continued... CWM TAF MORGANNWG MIND REVIOU Y KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FIN IAL TATEMENTS- cotstiothed FOR THE YEAR ENDED 31 MARCH 21125 Is. CREDITORS: AMouNfs FALLING DUE WIThIN ONE YEAR- cOntin￿ed 2025 2024 Moondane¢ FOu￿jaIl0D Missing Middle Wal¢s (Mind NAMH) 45.772 5,415 45.772 5.415 16. LEASING AGREEMENTS Minimum lease payinents under noll4ancellable operating leases fall as follows". 2025 2024 Within one year Between one and five years 20.877 37.333 14.967 26.624 58,210 41,591 17. ANALYSIS OF NET ASSETS BETWEEN FUNDS UDresthcted Fund5 Restticied Funds 2025 Totsl Funds 2024 Total Funds Fix¢d Ass¢ts Net Cwrent ASSet￿{liab￿jtie$) 1,179 832.698 1,179 994,221 1.474 1.108,380 161.523 833,877 161,523 995.4 1,109.854 Page 20 tllinued... CWM TAF.moRGA￿WG MIND REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND TES TO THE FINANCIAL STATEMENTS- FOR THE YEAR ENDED 31 MARCH 2025 ntinued 18. MOVEMENT IN FUNDS Net movemeni in funds Transfets benveell fund5 At 3113125 At 114r24 Uorestrlcted fw General fi￿d DeSi￿aled Fund Social Enterprise Development Fund Core Management Team Capacity Fund Absence Capacity Fund 601.461 1.474 156.475 60.IX 20.0(KI 44,939 (295) (12.177) 634.223 1.179 118,475 60.000 20,000 (38,000) 839.410 (50,17n 833,877 Restricted funds Knowing Me Knowillg Mind Grant- YMM Cwm Taf Morgannwg Univetsity Health Board Merthyr Tydfil Car¢rs (MTCBC) Residential ReSLlience RCTCBC Crisis Fund Oak Foundation (New Fund) conneC￿r Fund Whol¢ School Approach MH Covid Response Entw]ced Residential Re5ilicDCC WCVA TRSF 2 Grant MTCBC Wellbeing Grant Her]ry Stnith (Advocacy Project) National Lottery Communiry Fulld {Safeguardin8 Support) Missing Middl¢ Wale5 Carers Short Break5 Proj¢¢t IRIF) Wales and West Utilities GroDt frdrfield Westem Foundaiion Car¢rs Trust Supptsrt Fund Wales 8.381 (5.155) 3.226 137.888 (144.270) 1,784 68,270 (1,784) (2.000) 61,888 2.0(Xl 4,1(Kl 45.910 3,140 5.932 25.172 4,100 (45.910) 3.140 5.932 25,172 (2.IKM)) 10.772 17,359 9,576 (10,772) 17.359 11.459 1.88J 1.750 6.845 {9.428) 2.012 7,678 (3,281) (600) 5,576 6.599 io.¢xKI 6.599 10.o(K) (MTCBC) 1.149 (1,1491 Knowing Me Knowing Grant. CounselliTJg 10.102 (3.030) 7.072 270.444 (159,098) 50.177 161,523 TOTAL FUNDS 1,109.854 (114.454) 995.4N) Page 21 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTLS TO THE FINANCIAL STATEMENTS- eontfiDued FOR THE YEAR ENDED 31 MARCH 2D25 18. MOVEMENT IN FUNDS- coDtiMued Net niov¢m¢nt in fi￿d4 included the above ate as follows." In¢omin8 resources Resources ¢xp¢nd¢d Movement in funds Unrestrlcted funds General ￿nd Dcsignated Fund 434.291 (389,352) (295) 44,939 (295) 434.291 (389.64n Restricted fvnds I(nowing M¢ Knowing Mind Grant- YMM Cwm Taf MorganDwg Ulliversiry Health Board Merthyr Tydfil Carers (MTCBQ Oak FourKlation (New Fund) Enhanctd Residential Resilience H¢nry Smith {Advoca¢y Project) Naiional iott¢ry CornJnunity Fund (Saf¢8uarding Supp)rt) Missing Middle Wal¢s care￿ Shon Breaks Project (RIF) Wales at)d West Utilities Grani Garfield Wesiern Foundation Car¢r5 Trust Support Fund Wales 39.205 (30,824) 8.381 169.691 20.578 (313,961) (18.794) (45.910) (2.OLNJ) (23.717) (144,270) 1,784 {45.910) {2,000) 1.883 25.600 19,428) (25,060) (24,521) 11,020) (10.OLKI) (9.428) 2,012 600 6,599 10,000 27,072 25,121 7,619 20,000 (MTCBC) {3.851) 1,149 Knowing Me Knowiog Mtnd Grant- Counselling 35.101 (24,999) 10.102 374,987 (534,085) {159,098) TOTAL FUNDS 809278 (923.732) 1114.454) Pag¢ 22 ¢ontinued... TAF M0RGAN￿wG MIND REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOT TO THE FINANCIAL STATEMENTS- fontinued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS- continued CompArative$ for mvenhent funds Nei nxsvement Transfers beNeen Ar 3113124 At 114r23 Unrtstrieted fvnds General fujid Designated Fund Private Counselling Evaluation Mind (NAMH) Community and Corporate Fundraising Fw)d IWCVA tnatcbl Social Enterpri5¢ Development Fund Core Management Team Capacity Fund Absence Capacity Fund It Takes Balls To Talk (Private Counselling) 566,207 3.243 12.840 4.587 (158,516) (1,769) (230) 193.770 601.461 1.474 (12,610) (4,587) 24,4CK) 195,998 60.0 20.1 (24.400) (39.523) 156.475 60,1KJO 20,(M)O 12.218 (12.218) 899,493 (160.515) I￿.432 839,410 Restrieted funds Cwm Taf Morgannwg Utiivetsity Health Board Pr¢pare to Care RcT￿TF Merthyr Tydfil Car¢rs {MTCBQ Ac¢ive Monitoring LMA Fund Restricted Fixed Asseis Residential Resilience RrfcBC Crisis Fund Oak Foundation IN¢w Fund) Connector Fund MTCBC Residellual ResilieDC¢ Projxt Whole School Approach Proj¢ct SPEAK CF in Wal¢s {Mon¢y Matters) MH Covid Response Enhanced Residential Resilie[￿¢ MurDS Matter (RCTCBC) WCVA TRSF 2 Grant MTCBC Wellbeit)B Grant Moondance Foundation Henry Smith (Advocacy Project) National tATrtt¢ry Community Fund (Safeguarding Suppon) Missing Middle Wales 208.156 16.016 (4.0(K)) (732) 2,843 (1.675) 16.312 (86.284) 4.000 732 (25,262) 137.888 22,419 1.675 (16.312) 4,1(K) 43,961 3,140 4.100 45.910 3.140 1,949 (485) 485 5.932 54.018 5.932 (44.104) (30.5391 (9.914) 30.539 25.172 2.000 6,613 10.772 17.359 12.649 25,172 2,(N)O 4.061 (11,9501 (10.674) 11.950 10,772 17,359 (12.649) 4.910 9,576 1.750 1,750 6.845 8.486 (1.641) 424.382 (53,506) {1￿,432) 270,444 TOTAL FUNDS 1.323.875 (214,021) 1.109,854 Page 23 ¢ontinued... CWM TAF MORGANNWG MIND VIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCLiL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 21125 MOVEMENT IN FUNDS- comparnti￿ n¢t m0ven￿l in fvDd& ineluded itsthe above are as follows: Inwming r¢50ur¢¢s R¢sour¢¢s exp¢nd¢d Movement in fimd5 UDrestri¢ted funds General fimd Designaied Fund Pftvaie Counselling 548,099 (706,615) (1,769) (230) (158,516) (1,769) (230) 548,099 (708.614) (160.515) Restri£t¢d fund$ Cwm Taf Morgannwg University Health Board Prepare io Care RCTtRTF Merthyr TydfLI Carers (MTCBQ Active Monitoring LMA Furtd Restricted Fixed Assets Residential Resilience RCTCBC MTCBC Residential R¢silience Projeci Project SPEAK CF in Wales (Money Matters) Mums Matter (RCTCBC) WCVA TRSF 2 Grani Moondance Foundatio Henry Smith {Adv￿2¢Y Project) Missing MJ"ddle Wales Carers Short Breaks Project (RtF) 259.228 {243.212) 14,IH)O) (21,230) (44,314) 11.675) {125.177) 1485) (58,214) (30,538) (21.088) (11.950) {12,649) 120,291) {18,586) {35,000) 16.016 (4,000) (732) 2,843 (1,675) 16,312 (485) (44.104) (30.539) 4.061 (11-.950) (12,649) 4,910 8,486 20.498 47.157 141.489 14.110 (i) 25.149 25,201 27,072 35.0 594.903 (648.409) (53,506) TOTAL FUNDS 1.143.W2 (1,357,023) (214.021) Page 24 continued... CWM TAF MORGANNWG MIND PRE￿ou Y KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 I￿nthS combitied position is as follow5.. Net mov¢m¢nt in ￿ndS Transfers between nds Ai 3113125 At 114Q3 UDrestrieted funds General fvnd D¢signated Fund Private Counselling Evaluation Mind (NAMH) Communtty attd Corporaie Fundrnising Fwid {WCVA match) So¢ial Entcrpri5e Development Fund Core Management Team Capacity Fund Absence Capacity Fund It Takes Balls To Talk (Private Counselling) 566.207 3,243 12.840 4.587 {113,577) (2,064) (230) 181,593 634.223 1,179 {12,610) {4.587) 24,400 195.998 60,000 20.000 (24,400) (77,523) 118,475 60,000 20,000 12.218 (12.218) 899,493 (115,871) 50,255 833,877 R¢strl¢ttd funds Knowing Me Knowing Mind Grdnt. YMM Cwm Taf Mor8anDwg Univet5ity Health Board Prepare io Care RCT/RTF Merthyr Tydfil C￿erS (MTCBC) Active MoDLtoring LMA Fund Restri¢t¢d Fixed AsKts R¢sid¢ntial Resilience RCTCBC Crisis Fund Oak Foundation (New Fund) Connector Fund MTCBC Resideutial Resilience Proj¢¢t Whol¢ School Approach Proj¢¢t SPEAK CF in Wales (Money Matters) MH Covid R¢spons¢ Enhanced Residential Resilience Mums Matter IRCTCBC) WCVA TRSF 2 Grant MTCBC Wellbeing Grant Moondance Foundaiion Henry Smith (Advocacy Project) National Lottery Communiry Fund (Safeguarding Support) Missing Middle Woles Carers Short Breaks Project (RtF) Wales and West Utilities Grant Garfield West¢rn Foundation Carers Tntsi Support Fund Wa1¢5 (MTCBC) 8.381 (5,155) 3,226 208.156 {128.254) (4.￿0) 1,052 2,843 (1,675) 16,312 (18.0141 61,888 {1.052) (25.262) 22,419 1,675 (18,312) (2,000) 4,100 4.100 43.961 3.140 (45.910) 1.949 3,140 (485) 485 5,932 54,018 5,932 (44,104) (30,539) (9,914) 30,539 25.172 2,(KlO 6,613 In,772 17.359 12,649 4,666 25,172 2.000 (2.IXJO) 4,061 (11,950) (10,674) 1,178 17,359 (12.649) 6.793 11.459 1.750 (9.428) 10.498 7.678 14.922) (6W) 5,576 6,599 10,(KK) 6.599 10,o(K) 1,149 (1.149) Knowing Me Knowing Mind Grant- Counsellillg 10.102 13.030) 7.072 424J82 1212,604) (50,255) 161,523 Page 25 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO ThE FINANCIAL STATEMENfs- eolltlnued FOR THE YEAR ENDED 31 MARCH 2025 18. OVEMENT IN FUNDS- ¢ODtinued TOTAL FUNDS 1.323.875 (328.475) 995.400 A current year 12 months and prior year 12 D￿th5 combin¢d net movement in fillKb, included.in the above are as follows= Incoming re50urce5 Resources expendrd Movement in.fimd5 Unrestrleted funds Gerwal fimd Iks1￿ated Fund Private Counselling 982.390 (1,095,9671 {2,064} {230) (I l 3.577) (2.064) 1230) 982.390 {1.098.261) {115,871) Restricted Cunds Knowing Me K[￿WIng Mind Grani- YMM Cwm Taf Morganuwg Univetsiry Health Board Prepare to Care RCTIRTF Merthy TydfLI Carers (MTCBC) Active MoDltoring LMA FurMI Restricied Fixed A55etS Residelltial Resilience RCTCBC Oak Foundation (New Fwid) MTCBC Residential R¢sili¢nce Projeci Project SPEAK CF in Wales (Money Matters) ETthanced Residential Resilience Mums Matter (RCTCBC) WCVA TRSF 2 Grant Moondance Foundation Henry Smith {Advoca¢y Proj¢ctl National Lottery Community Fund (Safeguaiding Support) Mi55ing Middle Wales Carers Short Breaks Project (RIF) Wales and W¢si Utilitle5 Grant GaTfield Western Foundation Carers Tn￿1 Support Fund Wale5 (MTCBC) Knowing Me KnowiDg Mind Grdllt. Counselbng 39,205 (30,824) 8,381 428.919 (557.173) I4,￿) {40.024) (44.314) 11.675) (125.177) (45.910) 1485) (58,214) (30,538) (2,000) (21.088) (11,9501 (12.649) (44,008) (128.2541 (4.000) 1.052 2,843 (1.6751 16,312 (45,910) (4851 (44,1041 (30.5391 (.2.000) 4.061 (11.950) (12.649) 6,793 41.076 47,157 141,489 14.110 25.149 50,801 19.4281 (43.6461 (59,5211 (1.0201 (10.0001 19,428) 10.498 600 6,599 10,000 54.144 60.121 7.619 20,000 5,000 {3,8511 1.149 35.101 (24.999) 10.102 969,890 (1,182,494) {212,604} TOTAL FUNDS 1.952.280 (2.280.755) {328.475) TriDsf¢r$ between lunds Trdnsfers between funds maiDly arise wher¢ unrestric*d ffijllds have beett used to bmd thortfalls in r¢stri¢ted projects. However. during thl's fuhancial year, the Tn￿tteS agreed ttrcombin¢ th¢ ￿stricted hospital advocacy fi￿d with the Cwm Taff Morgannwg University Healtb Board fiwd. via a transfer of fimds, as they are one and Ihc sam¢. Tr&nsf¢r5 w¢re also made in th¢ year to Strip capitsl expenditure out of the restricted revenue fi￿d$ and allocate to an individual re5trict¢d fixed asset fimd. Page 26 continued... CWM TAF MORGANNWG MIND R£VIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS- tottllDued FOR THE YEAR ENDED 31 MARCH 202S MOVEMENT IN FUNDS- eontSh¥ed The free reseryes are available ￿ provide fiuKLs to cashfiow proj¢¢ts funded on a r¢trosp¢¢tiv¢ basis and are available with the approval of the tnjstees to ￿nd any expendi￿re on proj￿￿$ or expenses which fall withtn the organi5ations general ainks and objectives. they are a¢cumul*ed in accordanc¢ with the reserye policy 85 Staled in the twstee report. An*lysls of U*restrlcted Deslgn*ted funds 2025 2(124 Unarnortl5cd fRxed assets Soci81 Entetprise Developm¢Dt Fund Core MaDageTnent Teatn Cap3¢ity Fund Absence Capacity Fund 1.179 118.475 60.N)O 20.IM)O 1.474 156.475 60,OCrf> 20.0(hl Designated ￿thd$ 199.654 237.949 The Trwst¢es eonsider that funds held aDd gellerated withiti the Private Counselling and Evaluauon Mind Funds are to b¢ in¢luded as free reserve5. UnAmorttsed Fixed Assets Fix¢d Assets Desi8naied fun418 represeni the amounL8 set aside io write dowD the remaining net book value of fixed #￿elS held against unrt%tric*d fimds. Soclal En¢erprts¢ D¢velopment Fund To co-invest in the Charitys social enterprise ambition. To designa* a £21K)k fund. Robust busine&s proposals will be developed in the straiegtc period 2021-2024 10 support the Board decisions on social enterprise d¢v¢loprnents. For example, these could i￿lUde capita] developments such as a wellbeing coff¢¢ thop (Mocha Mind) or investruent iti propeTtylsocial hous￿. Cort M*nagement Te¥m Cap*city Fund To de5Lgnate fi￿dS to build capacity within ihe Core Management Team should the Cha¥ity ¢ontinue to ￿0W tOWdrd5 £2m income. Specifically mana8ing pubtse see￿[ con¢ract& finance and administrative ne¢ds. We would re¢ornrnend a designat¢d fund of (0.5 PTE Service Manager. Fitiaoce Officer and Administtaiorl- approx. £50-£60k. Abs¢n¢¢ Cap*clty Fund To d¢signate £20k per arynum to be ￿ed as backfill absence through using casual I bank workforce ￿ SUStsiD services during periods of unplanned absence. {A5 there is a high probabiliry that thi$ r¢serv¢ wotsld be utili5ed I￿"S could be considered to be built inio ￿trJ[C budgets and refore¢a5ts). Aetivities undertakell wlth each D￿jOr re5tri¢t¢d fund The restrict¢d fi￿d$ of the ¢harity have beett apph.ed duriD8 the year ot are held for expendittjre itt ibe followng area5: H•spitaVctsMm￿ftity Advoeary (Cwm T*( Morgam#w8 University Health Board) Hospital and Cornmunity Advocacy s¢rYi¢¢s ar¢ provided throu8bout Cwm Taf Moigannwg. and include th¢ Royal Glamorgan Hospital. Ysbyry George Thomas and Pir￿Wo0d Hous¢. The adv￿acY is fimd¢d via 8 service lev¢1 a￿en￿nI. and provid&8 an ad￿Ca¢Y setvice ro patients.which aim5 to be the voice of patients. Page 27 continued... CWM TAF MORGANNWG MIND REVIOUSLY KNOWN AS MERT VALLEYS MIND THE TO THE FINANCIAL STATEMENTS- ¢Trnlinued FOR THE YEAR EI¥DED 31 MARCH 2025 18. MOVEMENT IN FUNDS- ¢oDtinued Active Monitorlng Active Monitoring is a projxt whirh enabl&% GPS io refer patients directly to a dedicated mentsl health praetitioner as soon as they Present with probleThLS such as aTLxiety. depressio￿ low self (214.021) This page do¢s not forni part of the ststutory financial statements P#ge 33