REGJSTERED COMPANY NUMBER: 06541083 (England and Wales)
REGISTERED CHARITY NUMBER: 1123615
REPORT OF THE TRUSTEE
AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
OR
CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MFRTHYR AND THE
VALLEYS MIND
Baker Knoyle Audit Limited
Chartered Certified Accountants
Orbit Business Centre
Rhydycar Business Park
Merthyr Tydfil
CF48 IDL
11111111111
•AD181S23•
1811212024
COMPANIES HOUSE
A27

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MER THYR AND THE
VALLEYS MIND
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
P*ge
Report of the Trustees
Report of the Independent Audltors
10 to 12
Statement of FlnAnelal Actlvltles
13
BalAnee Sheet
14
Cash Flow Statement
15
Notes to the Cash Flow Statement
16
Notes to the Flnanclal Statements
17 to 35
Detalled Statement of Financial Actlvltles
36 to 37

CWM TAF MORGANNWG MIND
EGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Thc trustees who are also directors of thc charity for the purposes of the Companies Act 2006. present their report with
the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of
Accounting and Reporting by Charilies.. Slalement of Recommended Practice applicable to chariti¢s preparing their
accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ir¢land (FRS 102)
(effective l January 2019).
The Trustee Report includ¢s the Report of th¢ Directors, as required by company law.
Page I

CWM TAF MORGANNWG MIND
EGJSTERED NUMBER: 06541083
PREVtOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
OBJECTIVES AND ACTIVITIES
Objectives and aims
Our vlslon
We won't give up until everyon¢ experiencing a mental health problem gels both support and respect.
Our mission
To provide quality services across th¢ Cwm Taf Mor8annw8 region Ihat promot¢ positive mental health and wellbeing.
Our valuts:
- We provide hope beyond surviving.
We have compassion for oursclvcs and others.
We are passionate about buildtng r¢silience and wellbeing
We are:
Open - We reach out to anyone who needs us.
Together - We're stronger in partnerships.
Responsive- We listen, we aci.
Independent- We speak out f¢arlessIy.
UnstOPPAble- We never give up.
Our goals
l. Staylng well.. Support people likely lo develop mental health problems to stay well.
2. Empowerlng choice.. Empower people who experience a m¢ntal health problem to make infonned choices about how
they live and recover.
3. Improvlng serviees and support.. Ensure people get the righl services and support at th¢ right lime to help th¢ir
recovery and enable them to liv¢ with their mental health problem.
4. Enabllng soelAI partlclpatlon: Open the doors lo people with experience of mental health problems participating
fully in society,
5. Removlng Inequallty of opportunlty.. Gain equality of treatment for people who experience boih mental health and
other forrns of discrimination.
6. Or%anS$ational excellence: Make the most of our assets by building a culture of excellence.
Service User Involvement
Cwm Taf Morgannwg Mind seek to involve service users in a number of ways..
- Through Service User Representation at Trustee Board Level
- Tlirough employing people with direct liv¢d ¢xp¢ri¢nc¢
Through consistently evaluating peoples experience of using our services
- Through info@ctmmind.or8.uk
- Through presenting topical issues through social media and communicating openly
- TI￿oUgh - http.'Iwww.clmmind.org.uklgel-involved/ offering wider involvement in Mind
We evaluate the views of people using our services throughout the year and analyse this dats to strive for improvement,
we know that a range of service user Anvolvem¢nt approaches are required in order to truly engage and empower those
using our services.
We also remain committed to the work of Mind Cymru and ils Policy and Public Affairs role, getting local peoples,
voic¢s into Welsh Government Consultations which is a priority for us and the Mind Network in Wales.
Page 2

CWM TAF MORGANNWG MIND
EGJSTERED NUMBER: O
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
41083
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Summary of Actlvltle$:
Minds Legal and Mind Info Lines
A national offer through Mind, providing peopl¢ with inforniation on their legal rights as well as sign posting p¢ople to
Local Mind Services across England and Wales.
Mlnds online communlty- Side-by-side Peer Support
A place to bc yourself, someone to talk to anytime and a safe and trusted place to be. Share what's on your mind,
comrnent, private message, and generally conncct with peers. It's a powerfijl thing to connect with som¢on¢ else over
shared experiences. Side by Side is an online community where you can listen, share and be heard.
Mentgl Health and Preventlon Servlces:
Mind Supported Self Help
A Mind National product, a programme of 5clf-direcied support for people experiencing moderate mental health
conditions such as anxiety and depression. Co-localed in Primary Care Services, workn'ng alongside GP Practices and
Primary Car¢ Cluster Teams by providing patients with mental health inlerventiot15 in the 'watchfiJl waiting, period. This
service is provided 10 adults, as well as children and young people who are supported my CAMHS.
Talldng Treatments
Also known as counselling or psychotherapy, the charity is a registered member of the British Association for
Counselllng and Psychotherapy (BACP) and provides counselling service5 in partnership with ihe NHS and Local
Primary Care Mental Healih Support S¢rvices. Providing Irauma-informed counselling servi¢¢s to ￿lnerable people al
risk of homelessness , as well as veterans.
Independent Advocacy
Providing independent financial advocacy services to people receiving chre and Irealmenl under the Mental Healih Act
within the Cwm Taf Morgannwg University Health Board region, including Royal Glamorgan Hospital and other local
health and inpatient services
¢mpowering peopl¢ to use their voice and defend their righ15 and responsibilities.
Indep¢nd¢nt community advocacy for people with mental health probl¢nLS Struggling lo have their voice heard by
slatulory services, e.g., social services. Supporting veterans and individuals receiving inpatient mental health care with
financial difficulties.
Carers Servlces
Working with carers who are exposed to loneliness and isolation, delivering a range of wellbeing initiatives to create a
sense of belonging in communities, mattering as individuals and speaking out on people's behalf when their rights ar¢
nol upheld.
Long *rni obj¢¢tives
The charity is currently dev¢loping il's next Slrat¢8y, ¢overing a period of 2025-2028. This will be agreed by the Board
of Trustees in February 2025.
Public beneflt
We have complied with the duty in section 17 of the 201 I Charities Act to have due regard lo guidance published by the
Commission in respect of our duty to provide public benefit.
Volunte¢r$
We have three volunteer roles which include board volunleers {8). professional volunteers (26) and vocational
volunteers (4) all of whom contribule lo our success and fultre direction.
Long term obj¢ctiv¢s
Tbe charity is currently developing it's next strat¢gy, covering a period of 2025-2028. This will be agreed by the Board
of Trustees in February 2025.
Page 3

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VA
LEY
MIND
REPORT OF THE TRUSTEES
FOR THE YIAR ENDED 31 MARCH 2024
STRATEGIC REPORT
A¢hievement and performance
Charitable %ctivities
Summary of Achlevements and Performance
ID summary. the chhrity has obsetved a £342,040 drop in income during this financial period. This is due to reductions
and ending in services and overall fimding received from slatrjtory funders because of ihe increasingly complex mental
health issues that many of our populations are facing in a p05t-COVTD environment. This is particularly evident in the
housing and homelessness sector as Local Authorities grapple with implementin8 new 8uidan¢¢ and l¢gislalivc changes
alongside the cost-of-living crisis and its impact on th¢ Public Secior.
In December 2022, following a review of the increasingly. compl¢x presentations of people using housing support
services. Rhondda Cynon Taf County Borough Council (RCTCBC) terminated our housing support service, step by step
longsid¢ those of another provider. Furthermore, when Tesilience staff have moved on lo work elsewhere, RCTCBC has
advised that we can no long¢r recruit for these roles. merth￿ Tydfil County Borough Council also terminated our
residential resilience service.
The chariry operalcs in an environment of fixed-iemi contracts and lime-limiled granls, whicb can result in business
contraction, alongside the business expansion Ihai Ihe charity has enjoyed in previous years. With thai in mind. we have
enhanced our social ¢nt¢rprise capacity with the appointment of a Wellbeing al Work Manager post to lead on the
developmenl of our trainin8 and wellbeing social enterprise,
The charity has worked extremely hard over the past year to sustain its reach and continue to provide life-changing
services 10 the people we serve - this has not yet delivered financial growth How¢ver, given the current financial climat¢
we do not anticipate that flnancial growth will continue from granl funds and commissioned conira¢ts as the finances
availabl¢ ar¢ conlracling. It is therefore essential that social enierprise, corporate donors, and cornmunity fundraising are
prioritised in line with our strategic objectives,
How We Measure Success
Cwm Taf Mor8annwg Mind apply a variety of different measures across our range of services to demonstrate successful
outcomes deliv¢r¢d by our s¢rvi¢c, we apply the Mind Outcomes Toolkit which allows us lo report on our impact to
commissioners and grant fjjnders. We have developed our 'Theory of Change, methodology. enhanced resources,
cenifdlised data processes, developed policy and continue to monitor and evaluate our effectiveness.
Fundra151ng actlvltles
The charity has enhanced its fundraising activities in this period through enhanced resources. profile and planned
fundraising actlvity. The Charity has also developed supporter relationships with corporate businesses within our area of
operation, thi5 has resulted in improved profile and fundraisin8 income,
Fln8ncial review
Principal funding sources
We would like lo thank Cwm Taf Morgannwg University Health Board, Merthyr Tydfil County Borough Louncil.
Rhondda Cynon Taf County Borough Council and Mind National for their continued investment in our services.
Reserves policy
Our Free Reserves shown in our 2023-2024 accounts are £601.461, which is above the agreed targeted reserves policy
of £261,950 but is considered a pNdent level of reserves given th¢ ¢urrenl economic environmenl.
The Trustees have identified the charitys needs. key risks and have identified key elements to mitigate andlor manage
those risks, as follows:
l. Financial Resilience - investing reserves wisely in property and the development of a viable social enterprise
2. Maintaining a skilled workforc¢ - w¢llb¢ing initiatives and job evaluation
3. Reputational risk - people presenting with higher degrees of need
4. Competition from new providers of mental health services
Page 4

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
REVIOUSLY KNOWN AS MER THYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
R THE YEAR ENDED 31 MARCH 2024
STIL4TEGIC REPORT
Financial revlew
Financlal Resilience
The charity has recently recwited a Financial Manager who will be integrated in the senior management team and work
directly with the CEO on building our financial resilience in the face of multiple risk factors.
Future plans
We are CU￿entlY consuliing with our key stakeholders and population to develop a 2025-2028 strategy. This will be
agreed by the Board in February 2025.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controll¢d by its governing do¢ument, a deed of trusl and constitutes a limited company. limited by
8uaranl¢e, as defined by the Companies Act 2006.
Cwm Taf Morghnnwg Mind's governing documents are its Memorandum and Articles of Association (amended 23rd
October 2015). The Organisation has been incorporated since I st July 2008.
RecruStment and appointment of new tru$tees
All applications have to be returned 10 the Board Secretarial by post and are invited in for fonnal discussions to get to
know the Charity and their roles and responsibilities, Ihese discussions are led by the Charity Chairman. Depending on
skill, knowledge, experience and suitability. Ihey will be interviewed by the Trustee Board, or its delegal¢d deputies, a5
part of the appoinlmenl process. The Chief Execulive Officer will arrange a meeting with the newly appoinl¢d trustees to
arrange an induction and provide insighi.
Organ1s2tlon21 structure
Cwm Taf Morgannwg Mind have a Truste¢ Board who meet quarterly and are responsible for overall charity
governance. At present. the Board has several professional members from a variety of backgrounds relevant to the
charity as well as other Trustees with skills that are invaluable to the Organisalion. The Trustee Board may develop
sub-committees lo lead specific organisalional developments in line with 115 duties under the Mind Quality Mark, a
quality framework endorsed by the Charity Commission in England and Wales.
The Board delegate strategic management to the CEO who is accountable for delivering on our vision, mission values
and goa15. The CEO maintains slrategic relalionships with our commissioners or 'purchasers of services,.
The CEO manages and provides leadership to the Strategic Leadership and Management Group (SLMG). with support
and sup¢rvision in line with Mind Quality Management (MQM) and organisational policy.
Page 5

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE. GOVERNAIYCE AND MANAGEMENT
Induction and tralnlng of new trustees
Trnstees are already familiar with the practical work of the charity alld are encouraged lo spend time within the
Organisation. Additionally. new trustees are invited and encouraged to attend a series of short informal training sessions
lo familiaris¢ themselves with the charity and the contexl within which il operates, these will be carried out within the
organisalion.Th¢se ar¢ jointly led by th¢ Chair and CEO of the charity and cover..
The obligations of Trustees
The main documents which set out the operational fram¢work for the charity including the memorandum and
Articles of Association and th¢ current slrategy.
Resourcing and the current financial position as set out in the latest published accounts.
Future plans and objectives
In addition. the Trustee members are offered trustee Training at Voluntary Action Merthyr Tydfil (VAMT) or RCT
InterliJ￿ (RCT).
The Charity Commtssion publicklion "The Essential Trustee" is disiribuied lo all Ihe new tNstees along with th¢ lalesl
financial slalemenls, and minutes of th¢ thr¢¢ previous Trustee Board meetings.
Cwm Taf Morgannwg Mind have produced an induction programme, which is constantly updated and implemented.
Organisalional governance processes are followed inline wilh the Charity Commission and Mind Quality Management
(MQM)
Key m&nAgement remuneratlon
The charity sets its own pay Slructures using market intelligence, cost of living rises are delerniined by the Board of
Trusiees in line with the charities affordability and scoping of the public and charity s¢¢tors remuneration benchmarks.
Wider network
Our affiliation to Mind and working in collaboration with the Mind Network means that we are strategically aligned to
the national priorities in Mind and therefore work lo achieve a sustainable network, for which we play a key role at
national and local level.
Pag¢ 6

CWM TAF MORGANNWG MIND
EGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
R THE YEAR EIYDED 31 MARCH 2024
STRUCTURE, GOVERNANCE MANAGEMENT
Reloled partles
Cwm Taf Morgannwg Mind is affiliated to Mind (The National Mental Health Charity) via a federated charity Sttucture.
Cwm Taf Morgannwg Mind has fomially contracted with Mind via the National Community Partnership Agreement
which specifies its fonnal relationship.
The charity has close relationships with the following organisations..
Related partles - Member5hlp.
The charity has clos¢ r¢lationships and is a men]bcr of th¢ following organisalions..
l. Wales Council for Voluntary Action (WCVA)
2. BAVO
3. RCT Interlink
4. Voluntsry Action Merthyr Tydfil (VAMT)
Public Sector Commissioner
- c￿ryn Taf Morgannwg University Healih Board
. M¢rthyr Tydfil County Borough Council
- Rhondda Cynon Taf County Borough Council
Partner Orgvdnisations
- Mind Cymru - The Voi¢¢ of Ihe Mind Network in Wales
Local Minds across Wales and England
Trivallis Housing Association
Merthyr Tydfil Housing Association
- Merthyr Vall¢ys Homes
- Cynon Taf Housin8 Group
Ciiizens Advice covering RCT, Merthyr Tyfil and Bridgend counli¢s
Funders (Grants)
Oak Foundation
- Henry Smith
- Armed Forces Covenant Fund
Individual donors, sponsors and fundraisers,
The organisation is a member of the Cwm T2f 3rd Sector Mental Health Forum and ha5 representation on various
sub-groups and many cotnmunity group5 including:
- One Mind in Wales
- Mental Health Partnership Board
- Cwm Taf Morgannwg Regional Partnership Board
3rd Sector Mental Health Forum
- Mental Health Partnership Board (MHPB) - Cwm Taf
- Suicide and self-ham committee (MHPB}
- Together foi Menlal Health (T4MH} Adult delivery group
Risk management
The trust¢¢s apply a risk management frarnework which will comprise an annual review of the risk5 th¢ charity may face,
and the establishrnenl of systems and procedures to mitigate risks identified.
To implement procedures design¢d to minimise any potential impacl lo the charity should those risks arise, several
policies have been introduced and adopted by Ihe board of In￿te¢S which are focused on the Organisational Structure
and risks associaled therein.
Pag¢ 7

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
06541083 (England and Wales)
Registered Charlty number
1123615
Registered offlce
11 S High Street
Merthyr Tydfil
CF47 8AP
Trustees
Councillor Clive T Jones - Chair
Mr Gerwyn Buller- Treasurer
Ms Lisa M Thomas
Ms Joanna Markham
Ms Briony Hunt - resigned I Ith June 2023
Mr Benjamin H Tr¢wartha
Ms JOa[￿e Trewartha
Mr David Price - appointed 8th July 2024
Ms Lynnetie Thomas - appointed 8ih July 2024
Mr James Allen - appoinred 8th July 2024
Mrs Helen Whitfield-Williams- appointed 8th July 2024
Mr Jan John Diment- appofftnled 8th July 2024
Mrs Helen Anne Smith - appointed 8th July 2024
Con$ultants
Jon Matthew$ - Funding Eye
Charity CEO
Ms Daisy Cole (to 15th December 2023)
Ms Lucy Reynolds (Inierim)
Mr Kieran Harris (July 2024 - date)
Senior Statutory Audltor
Richard Pkn'llips FCCA
Audltors
Baker Knoyle Audit Litnited
Chartered Certified Accountants
Orbit Business Centre
Rhydycar Business Park
MerthJT Tydfil
CF48 IDL
Bankers
Barclays Bank PIC
47 High Street
Menhyr Tydifl
CF47 8DL
Page 8

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES, RESPONSIBtLITIES
The trustees (who are also Ihe directors of Cwrn Taf MOrgar￿Wg Mind for the purposes of company law) are responsible
for preparing the Report of th¢ Trustees and the financial statements in accordance with applicable law and United
'ngdom Accounting Standards (United Kingdom Generally Actepted Accounting Practice) including Financial
Reporting Standard 102 "The Financial Reporting Standard applicable in th¢ UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view
of the stale of affairs of Ihe charitable company and of the incoming resources and applicalion of resources. including
the income and expenditure, of the charitable company for that period. In preparing those financial statements. the
trustees are required to
selecl suitable accounting policies and Ihen apply them consisi¢ntly;
observe Ihe meihods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting Stsndards have been followed, subject lo any material departures disclosed and
explained in the financial stalemenis.
prepare the financial stalemenls on the going concern basis unless it is inappropriate to presume that the charitabl¢
company will continue in business.
The trustees are responsible for keeping proper a¢¢ounting records which disclose with reasonable accura¢y at any time
the financial position of the charitable company and to enable them to ensure that the financial statements comply with
the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for
taking ieasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
there is no relevant audit infomlalion of which the charitable companls auditors are unaware; and
the trustees have taken all steps that they oughi to have taken to make themselves aware of any relevant audit
infornialion and to establish that the auditors are aware of that information.
AUDITORS
The auditors, Baker Knoyle Audit Linwted, have expressed their willingness to b¢ r¢appoinled.
Report of the trustees, inco
directors, on
oralin
a strategic report, approved by order of the board of trustees, as the company
and signed on the board's behalf by..
CTJONES-T
Page 9

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
Opinion
We have audited th¢ financial staiements of Cwm Taf Morgannwg Mind (the 'charitable compan￿} for the year ended
31 March 2024 which comprise the Statement of Financial Actlvilies, the Balance Sheet. the Cash Flow Statement and
notes to the financial statements. including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparalion is applicable law and United Kingdom Accounting Standards
(United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the UK and Republic of Ireland,.
In our opinion the financial statemenls..
give a true and fair view of the state of the charitable compan￿$ affairs as at 31 March 2024 and of its incoming
resources and application of resources. including its income and expendI￿re, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally Acc¢ptcd Accowiting Practice, including
Financial Reporting Stsndard 102 'The Financial Reporting Standard applicable in the UK and R¢public of Ireland,;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) USAS (UK)) and applicable law,
Our responsibilities under those standards are further dc5cribed in the Auditors, responsibilities for the audit of the
financial statements section of our report. We are independent of the charitsble company in accordance with thc ethical
requirements that are relevant to our audit of the financial statement5 in the UK, including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibilities in accordance with these requirem¢nts. We believe that the audit
evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to golng concern
In auditing the financial siatemenls. we have concluded that the trustees, use of the going concern basis of ac¢ounting in
the preparation of the financial staiemenls is appropriate.
Based on the work we have performed, we have not idenlified any material uncertainties relating to events or conditions
thai, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going
concern for a period of at least twelve month5 from when the financial statements are auihorised for issue.
Our responsibilities and the responsibilities of the trustees wilh respect to 80in8 concern are describ¢d in thc relevant
sections of this report.
Other Informatlon
The trustees are rcsponsibl¢ for th¢ other infom￿tioTr. The other information comprises the information included in the
Annual Report, other than the financial statements and our Report of the Independeni Auditors Ihereon.
Our optnion on th¢ financial slalemenls do¢s not cover the other informalion and, except to th¢ extent otherwise
explicitly stated in our report, we do not express any fomi of assurance conclusion Ihereon.
In connection with our audit of'the financial siatements, our responsibility is to read the other inforn]ation and. in doing
so, cotlsider whether the other inforniation is mat¢rially inconsislenl with the financial stal¢ments or our knowledge
obtained in the audit or othenvise appears to be materially misstated. If we identify such material inconsistencies or
apparent material misstatements, we are required lo detennine whether this gives rise to a material misslal¢ment in the
fmancial slalements themselves. If. based on the work we have perfomied, we conclude that there is a material
misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Oplnlons on other matters prescrlbed by the Comp2nles Act 2006
In our opinion, based on the work undertaken in the course of the audit-
the inforniation giv¢n in the Report of the Trust¢es for the fulancial year for which the f￿anCial statements ar¢
pr¢par¢d is ¢onsislent wilh the financial stalem¢nls; and
the Report of th¢ Trnslees has been prepared in accordance with applicable legal requirements.
Pa8e 10

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
Matters on whieh we are required to report by excepiion
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of
the audit, we have not identified material misslalemenls in the Report of th¢ Trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you
if, in our opinion..
adequate accounting record5 have not been kept or returns adequate for our audii have not been received from
branches not visited by us- or
the financial slatemenls are not in agreemenl wilh the accounting records and returns; or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the inforniation and explanations we require for our audit.
Responslbililles of trustee$
As explained more fully An the Staiement of Trust¢es' Responsibilities, the trnstees {who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial ststemenls and
for being satisfied that they give a true and fair view, and for such iniernal control as the trusiees determine is necessary
to enable the preparaiion of financial statements that are free from material misstatem¢nt, wheiher du¢ to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to
continue as a goin8 concern. disclosing, as applicable. matters related to going Concern and using the going concern
basis of accounting unless the Iruslees either intend to liquidal¢ the chariiabl¢ company or lo cease operations, or have
no realistic aliernalive but to do so.
Our responsibllities for the audit of the financial statements
Our objectives are lo obtsin reasonable assurance about whether the financial statements as a wholc are free from
material misstal¢meni. whether due lo fraud or error. and to issue a Report of the Jndependenl Auditors thal includes our
opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit conduct¢d in accordance
with ISAS (UK) will always delecl a material misslalemenl when ir exists. Misslalem¢nls can arise from fraud or error
and are considered maierial if, individually or in the aggregaie. Ihey could reasonably be expecied to influen¢e the
economic decisions of users taken on the basis of these fmancial statements.
The extent to which our procedures are capable of detecting irr¢gularities, in¢luding fraud is detailed below..
We identified areas of laws and r¢gulalions that could reasonably be ¢xpected to have a material effect on the financial
statements from our sector exp¢ri¢nce through discussion with th¢ Officers and othcr managcment (as required by
auditing standards).
We had regard to laws and regulations in areas that directly affect the financial statem¢nls including financial reporting
(including related trade union legislation) and iaxalion legislation. We considered that ¢xlenl of compliance with those
laws and regulations as part of our procedures on the related financial statement items.
With the exception of any known or possible non-compliance, and as required by auditing standards, ow work in
respect of these was limited ¢0 enquiry of the Officers.
We communicated id¢ntified law5 and r¢gulations throughout our team and remained alert to any indicalions of
non•complian¢e throughout the audit.
We addressed the risk of fraud through management override ot" controls. by testing the dpprupi'iateness of joumAI
entries and other adjustments. assessing whether the judgements made in making accounting estimates are indicative of a
potential bias. and ¢valuating the business ralionale of any significant transactions that are unusual or outside lh¢ nomal
course of business.
Our audit procedures were designed to respond to risks of material misstatement in the financial statements, recognising
that the risk of not detecling a material misslalemenl due to fraud is hi8her than the risk of not detecting one resulting
from error, as fraud may involve deliberate concealment by. for example, forgery. misrepresentations or through
collusion. There are inherent limitations in the audit procedures perfornied and the further removed non-compliance with
laws and regulations is from th¢ events and transactions reflect¢d in the financial statements, the less likely we are to
become awar¢ of it.
A fijrther de￿riptiOn of our responsibiliti¢s for the audit of th¢ financial statements is located on the Financial Reporting
Council's website at www.frc.org.uklaudilorsresponsibililies. This description forn)s part of our Report of the
Independent Auditors.
Pa8ell

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
U$¢ of our report
This report is made solely to the charitable company's members. as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might slate to the charitable company's
members those matters we are required to state to them in an auditors, report and for no other purpose. To th¢ ￿lIest
extent perniitted by law. w¢ do not accept or assume responsibility lo anyone other than the charitable company and th¢
chariiable company's members as a body, for our audit work, for this report, or for the opinions w¢ have forn]ed.
Richard Phillips FCCA (Senior Statutory Auditor)
for and on behalf of Baker Knoyl¢ Audit Liii]ited
Chartered Cenified Accountants
Orbit Business Cenire
Rhydycar Business Park
Merthyr Tydfil
CF48 IDL
Date-.
Page 12

CWM TAF MORGANNWG MIND
PREVTOUSLY KNOWN AS MERTHYR AND THE
VALLEY
IND
STATEMENT OF FINANCIAL ACTtvrrIES
INCORPORATING AN INCOME AND EXPENDITURE ACCOUN
FOR THE YEAR ENDED 31 MARCH 20
2024
Total
funds
2023
Total
funds
Unreslricled
funds
Restricted
nds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
7.444
137.112
144,556
84,378
Charltable aetivltie8
Recovery Services
Housing Support Services
Primary Care Prevention
Enterprise
161,101
316,302
141,488
477.403
141,488
489,623
392,026
50,876
451,869
357,844
357,844
Other trading activities
Investment income
Other income
9,522
12,189
9,522
12,189
12.086
3.254
930
Total
548,100
594,902
1,143,002
1,485,042
EXPENDITURE ON
Charitable activitles
Core Administration
Recovery Services
Housing Support Services
Primary Care Prevention
Ente￿riSe
272,722
130,353
896
2,167
302,476
272,722
544,994
126,557
48,156
364,594
105.937
487,990
349,217
40,956
390,245
414.641
125.661
45,989
62,118
Total
708.614
648.409
1,357,023
1,374,345
NET tNCOMEI(EXPENDITURE)
Transfers between funds
(160,514)
100.432
(53.507)
(100,432)
(214,021)
110,697
18
Net movement In funds
(60,082)
(153.939)
(214,021)
110,697
RECONCILIATION OF FUNDS
Total fund5 brought forward
899,493
424,382
1,323.875
1.213.178
TOTAL FUNDS CARRIED FORWARD
839,411
270,443
1,109,854
1,323,875
The notes forni part of thes¢ fJDanciAI statements

CWM TAF MORGANNWG MIND
REGISTERED NUMBER: 06541083
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
BALANCE SHEET
31 MARCH 2024
2024
2023
Notes
FIXED ASSETS
Tangible assets
13
1,474
4,918
CURRENT ASSETS
Debiors
Casb at bank and in hand
14
167,562
998,795
240,273
1,188,432
1,166,357
1,428.705
CREDITORS
Amounts falling due within one year
15
(57,977)
(109.748)
NET CURRENT ASSETS
1.108,380
1,318,957
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,109,854
1,323.875
NET ASSETS
1,109,854
1,323,875
FUNDS
Unreslricled funds
Re5tricled funds
839,410
270,444
899,493
424,382
TOTAL FUNDS
1,109,854
1.323,875
The financia
statements were approved by the Board of Trnstees and authorised for issue
and were signed on ils behalf by..
on
CTJONES-T
Th¢ notes fonn part of these fllwicial statements
Page 14

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Notes
Cash flows from optrgtlng actlvltles
Cash generated from operations
(201,826)
(77,232)
Net cash used in operatin8 activities
(201.826)
(77,232)
Cash flows from Investlng aetlvltles
Interest received
12.189
3,254
Nel cash provided by investing activities
12.189
3,254
Change in cash and cash equlvalents In
the reporting perlod
Cash And cash equlvalents At the
beglnnlng of the reportlng perlod
(189,637)
(73,978)
1,188,432
1,262,410
Cash and eash equlvalent5 at the end of
the reporting perlod
998,795
1,188,432
The notes form part of these financial statements
Page15

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 MARCH 2024
RECONCILIATION OF NET (EXPENDITURE)/INCOME TO'NET CASH FLOW FROM
OPERATING ACTIVITIES
2024
2023
Net {expenditure)lincome for the reporting period (as per the
Statement of Financial Activities)
Adjustments for:
Depreciation charges
Interest received
Decreasel{increase) in debtors
Decrease in creditors
(214,021)
110,697
3,444
(12,189)
72,711
(51,771)
1.203
(3,254)
(16,582)
(169.296)
Net cash used In operatlons
(201.826)
{77,232)
ANALYSIS OF CHANGES IN NET FUNDS
At 114123
Cash flow
At 3113124
Net cash
Cash at bank and in hand
1,188.432
(189,637)
998,795
1,188,432
(189,637)
998,795
Total
1,188,432
(189,637)
998,795
Th¢ not¢5 form part of these financial statements
Page 16

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Organlzatlonal Status
The financial statements of the charitable company. wllich is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SOR￿ (FRS 102) 'Accounling and Reporting by Charities: Statement
of Recommended Practice applicable lo charilies preparing their accounts in accordance with th¢ Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeclivc l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. Th¢ financial statements have been prepared under the historical cost
convention.
The organisation is a company limited by guarantee and a registered charity, both registered in England &
Wales.Th¢ directors are the trustee5 and are set out on page 9. they form a board of trustees which sets the
Strategic direrlion of the charity and monitors the perfonnance of th¢ organisation against ils goals. The aims and
objectives and rules for governance are set out in the charitable company's Memorandum and Articles of
Association.
Income
All income is r¢cogThised in the Statement of Financial Activities on¢e the charity has cntitlement to the funds, it
is probable that the income will be received and the amount Can be measured reliably.
The following specific policies are applied..
Voluntary income received by way of grant5, gifts or donation is included in full on receipt unless it is subject
to a condition when it js Ireaied as deferred income.
Deferred Income. Income or grants received in advance are held as deferr¢d income and ca￿led forward to
future accounting periods to be released when the defined purposes of the work or project have been completed,
approved or certified.
Glfts In klnd are in¢luded in the income and expenditure account where they are applied in carryin8 Qut
charitable aclivilies, where Ibe company would otherwise have to purchase thc donated facility and the benefit is
both quantifiable and material. The quanlifiable benefLt is shown as both incorning and expended resources
within the appropriate fijnds. Wh¢re Ihe gift is an asset it is treated as income and taken to stock or fixed assets as
appropriate. The value of services provided by volunlecrs is not quantified.
Investment Income is included when receivable.
Trading Income is recognis¢d when earned.
Government Grant Income comprises specific project related direct support. See not¢ 2, Incomin8 Resources,
for amounts.
Expenditure
Liabilities are r¢cognised as expenditure as soon as there is a legal or ¢onstructiv¢ obligation committing the
charity to that expenditure, it 15 probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is accounted for on an accrnals basis and has
been classified under headings that aggregate all cost related io the category. Where costs cannot be directly
attributed lo particular headings tbey have been allocaled to aclivities on a basis consistent with th¢ use of
resources.
Charilable expenditure comprises those costs incurred by the charity in th¢ delivery of its activiti¢s and services
for its beneficiaries. It includes the costs thai can be attributed directly to those activities and those costs of an
indirect nature necessary to support them.
Page 17
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOIVN AS MER THYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - contlnued
Expendlture
All expenditure is allocated between the categories of the SOFA on a basis designed lo reflect the use of the
resource. Costs relating to a particular activity are allocated directly. others are apportioned between categories
on a basis that fairly reflects their usage.
Charltabl¢ actlvltle$
During the year the charity revised its charitable activities lo include the four main service functions together
wilh Core Administration. The four main service functions being Recovery Service, Housing Support Services,
Primary Care Prevention and Enterprise. Prior year SOFA activities have also been revised to reflect the change.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to ￿lIe off each assel over its estimatcd useful
lif¢.
Plant and machinery
Motor vehicles
20Q/o on r¢duoing balance and 15 % on reducing balancc
25Q/o on cost
Tangible Fixed Assets are included in the balance sheet al historic cost less accumulated depreciation. Grant
receipis which fvnd fixed asset acquisitions ar¢ taken to restricled funds and the appropriat¢ d¢pr¢ciation charge
is made against those funds over the expected useful life of Ihe asset.
Taxation
The charity is exempt from corporation lax on its charitable activities.
Fund aeeountlng
Unreslricted funds can bc used in accordance with the charitable objectives al th¢ discretion of Ihe trustees.
Restricted ￿ndS can only be used for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when ￿ndS are raised for particular restricted purposes.
Designated funds are those unrestricted funds set aside by the Board for a specific purpose.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Penslon cosls
Pension costs are contributions made by the charitable company lo both employees own personal pension
schemes together with contributions made lo the employees gov¢mm¢nt work place peThsion scheme.
LeAsed assets
Fixed assets acquired under finance leases are included in the balance sheet al historic cost less accumulated
depreciation. The present value of fubjre r¢ntals 15 shown as a liability. Interest payable in each period is charged
as an expended resource in proportion to the amounl outstanding under the lease. operating lease rentals ar¢
charged as expended r¢sour¢¢s a5 incurred.
Ex-Gratli Termlnation Paymenl
Tern)ination benefits ar¢ payable when emplO￿Dent is temiinated by the Charity before the normal retirement
date, or whenever an employee accepts voluntary redundancy in ¢xchange for these benefits. Th¢ Charity
recogn15¢S tern]ination b¢n¢fits when it is d¢monstrably committed to either
(i) terminating the employment of Cu￿ent employees according to a detailed forntsl plan without possibility of
withdrawal or (li) providing termination benefits as a resuli of all offer mad¢ to ¢ncourage voluntary redundancy.
Debtor5 and creditors reeeivablelpayable wlthln one year
Debtors and creditors with no stated interest rate and receivable or payable within one y¢ar are recorded at
transaction price.
Page 18
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES - eontlnued
Going ¢oThcern
In common with many other similar organisations, we find ourselves in the situation where some grant ￿nded
projects are ending. while others are just commencing.
We are also waiting on the outcome of a number of ￿rth¢r grant applications, and therefore, currently. have no
guarantees to what our 24125 fijnding streams may look lik¢.
The Irustees arc confident that sufficient ￿ndIng sources will be agreed lo allow the organisation 10 move
forward in a similar manner to retent years, bul have planned alternative operating models, should- income
streams be lower than envisaged.
Th¢ trustees therefore f¢¢1 it appropriate to.pr¢parc the accounts on a 80ing concern basis.
DONATIONS AND LEGACIES
2024
2023
Donations
Gift aid
Grants
7.426
18
137,112
6,113
83
78.182
144,556
84,378
Grants received, included in the above, are as follows..
2024
2023
Cwm Taf Morgannwg University Health Board
MfND (NAMH)
VAMT
Henry Smith
64.754
47,158
64,332
1,350
12,500
25,200
137.112
78,182
OTHER TRADING ACTIVITIES
2024
2023
Fundraising events
Training
7,252
2,270
8,886
3,200
9,522
12,086
Page 19
tontinued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- Contlnued
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME
2024
2023
Deposit account interest
12.189
3,254
INCOME FROM CHARITABLE ACTIVITtES
2024
2023
Activity
Recovery Services
Housing Support Services
Primary Care Prevention
Enterprise
Charitable activity income
Charitable activity income
Chariiable activity income
Charitable activity income
477,403
141,488
489,623
392,026
50,876
451.869
357,844
976.735
1,384,394
CHARITABLE ACTIVITIES COSTS
Support
costs (s¢e
note 7)
Direct
Costs
Totsls
Core Administration
Recovery Services
Housing Support Services
Primary Care Prevention
Enterprise
260,829
514,538
120,310
45,974
346,545
11.893
30,456
6,247
2,182
18,049
272,722
544,994
126,557
48,156
364,594
1,288,196
68,827
,357,023
SUPPORT COSTS
Human
resources
Governance
costs
Management
Finance
Totals
Core Administration
Recovery Services
Housing Support Services
Primary Care Prevention
Enterprise
7,135
14.628
3.211
.070
9.276
2,379
4,876
1,070
357
3,092
2,379
4,876
1,070
357
3,092
11,893
30,456
6,247
2,182
18,049
6,076
896
398
2,589
35,320
11,774
11,774
9,959
68.827
Page 20
ontinued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
NET INCOMEI(EXPENDITURE>
Net incom¢/(expenditure) is stat¢d after charginW(cr¢diting):
2024
2023
Dcprecialion- owned assets
Pension conlributions
Accountancy Fees
Other Payroll & Accouniancy Services
Redundancy PayTnent
Audil Fees
3.444
49.443
3,564
2,795
17,091
3,600
1,203
50,547
3.600
2.451
14.215
4,020
TRUSTEES, REMUNERATION AND BENEFITS
There were no tNstees' remuneration or other benefits for ihe year ended 31 March 2024 nor for the y¢ar ended
31 March 2023.
Trustees, expenses
There were no tnjslees, expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
One trustee received expens¢ payments totalling £79 {2023.. £485) for the year. These payments were
reimbursement of travelling expenses.
io.
STAFF COSTS
2024
2023
Wages and salaries
Oiher pension costs
935,121
49,443
971.065
50.547
984.564
1,021,612
The average monthly number of employees during the year was as follows..
2024
39
2023
33
Full time equivalent
The number of employec$ whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
2024
2023
£60.001- £70.000
Average employee head count for the year was 39.
Includ¢d within wages and salaries is Employers, Nt contributions of £68,985 {2023=£73,470).
Includ¢d within other costs is £17.091 (2023..£14,215} for redundancy and other costs paid during the year.
The key management of the charity comprises the Chief Executive OtTicer. including the Interim Executive
Officer,. The total benefits of the the key management personnel of the charity was £89.920 (2023.. £67,240).
Page21
continued.

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
TES TO THE FINANCIAL ST ATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
ii.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
Restricted
nds
Total
nds
INCOME AND ENDOWMENTS FROM
Donations and legacies
7,542
76,836
84,378
Charitable activities
Recovery Services
Housing Support Services
Primary Care Prevention
Enterprise
145,470
71,927
344,153
320,099
50,876
50.655
489.623
392,026
50.876
451.869
401.214
Other trading aclivilies
Investment Income
Other income
12.086
3,254
930
12.086
3,254
930
Tot41
642,423
842,619
1,485.042
EXPENDITURE ON
Charitable activStle$
Core Administration
Recov¢ry Services
Housing Support Services
Primary Care Preveniion
Enterprise
105,937
145,978
39,268
2,135
315,307
105,937
487.990
349,217
40,956
390,245
342,012
309,949
38,821
74,938
Total
608.625
765,720
1,374.345
NET INCOME
Trans(er$ bttween funds
33,798
55,671
76,899
(55,671)
110,697
Net movement ID funds
89,469
21,228
110,697
RECONCILIATION OF FUNDS
Total funds brought forward
810,020
403,158
1.213,178
TOTAL FUNDS CARRIED FORWARD
899.489
424.386
1,323,875
Page 22
continued.,.

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
12.
AUDrroR & INDEPENDENT EXAMINERS, REMUNERATION
2024
2023
Fees payable to the charity's Auditors for the audit of the charity's financial
statements
3,600
4.020
Amounts payable to Auditor in relation lo accounts preparation, payroll. pension adminislralion and olh¢r
services provided to the charity were £6.359 (2023: £6,051).
13.
TANGIBLE FIXED ASSETS
Plant and
machinery
Motor
vehicles
Tolals
COST
Al l April 2023 and 31 March 2024
24,139
5,119
29,258
DEPRECIATION
Ai l April 2023
Charg¢ for year
19,221
3,444
5,119
24.340
3,444
Al 31 March 2024
22.665
5,119
27,784
NET BOOK VALUE
At 31 March 2024
1,474
1,474
Al 31 March 2023
4.918
4,918
14.
DEBTORS: AMOUNTS FALLINC DUE ￿THIN ONE YEAR
2024
2023
Other deblors
Prepayments
167,562
239,473
800
167,562
240.273
Page 23
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STA TEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
15.
CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR
2024
2023
Trade creditors
Social security and oth¢r taxes
Pension Fund
Other Creditors
Defe￿ed income
Aecrned expenses
12,905
23,427
17,520
4,419
27,339
8,968
28,075
7,399
7.860
5.415
24.398
57,977
109,748
Deferred Income
2024
2023
Opening balance
Movement in the period
8,968
(3,553)
159,994
(151,026)
D¢f¢rr¢d income carried forward
5,415
8,968
Deferred income represents income received from contributing agencies where the contribution was restricted to
a fixed time period project which extends beyond the current financial year. Income is deferred on the basis that
the conlribulion was lo the project as a whole. th¢ lime period of th¢ project was fully disclosed ¢0 the
contributing agencies and that time period is Certain.
The deferred income carried forward is analysed as follows..
2024
2023
Project 34 - The Big Lottery
Missing Middle Wales {Mind NAMH)
8,968
5.415
5,415
8,968
16,
LEASING AGREEMENTS
Minimum lease paym¢nls under non-cancellable operating leases fall due as follows..
2024
2023
Within one year
B¢twe¢n one and five years
14.967
26,624
7,868
9,706
41.591
17.574
Pag¢ 24
eonlinu¢d..

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
17.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Fund5
Restricted
Funds
2024
Total Funds
2023
Total Funds
Fixed Assets
Nel Current Assetsl(liabililies)
1,474
837.936
1,474
1,108,380
4.918
1,318,957
270.444
839.410
270,444
1,109,854
,323,875
Page 25
continu¢d..

CWM TAF MORGANNWG MIND
PREVIOUSLY KNONVN AS MERTHYR AND THE
VALLEYS MIND
TES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
nds
At
3113124
At 114123
Unrestricted funds
General fund
Designal¢d Fund
Private Counselling
Evaluation Mind (NAMH)
Community and Corporate Fundraising
Fund (WCVA match)
Social Enterprise 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)
24,400
195,998
60,000
20,000
(24.400)
(39.523)
156,475
60,000
20.000
12.218
(12,218)
899,493
(160,515)
100,432
839,410
Re$trie¢ed funds
Cwm Taf Morgannwg University Health
Board
Prepare to Care RCT/RTF
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Asseis
Residential Resilience RCTCBC
Crisi5 Fund
Oak Foundation (N¢w Fund)
Connector Fund
MTCBC Residential Resilience Projecl
Whole School Approach
Project SPEAK
CF in Wales (Money Matters)
MH Covid Response
Enhanced R¢sid¢ntial Resilience
Mum5 Matter (RCTCBC)
WCVA TRSF 2 Grant
MTCBC Wellbeing Grant
Moondance Foundation
Henry Smith (Advocacy Project)
National Lottery Community Fund
(SafeguardAn8 Support)
Missing Middle Wales
208.156
16,016
(4.000)
(732)
2,843
{1,675)
16,312
(86,284)
4,000
732
(2S,262)
137,888
22,419
1,675
(16,312)
4,100
43,961
3.140
4,100
45.910
3,140
1,949
(485)
485
5,932
54.018
5,932
(44.104)
(30,539)
(9,914)
30,539
25,172
2,000
6,613
10.772
17,359
12,649
4,666
25,172
2.000
4,061
(11,950)
(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)
{100,432)
270.444
TOTAL FUNDS
1,323,875
{214,021)
1.109,854
Page 26
continued...

CWM TAF MORGANNWG MIND
REVJOUSLY KNONVN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCtAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Nel movement in ￿nds. includ¢d in the above are as follows..
Incoming
resources
Resources
expended
Movement
in fund5
Unrestrlcted funds
General fund
D¢signated Fund
Private Couns¢lling
548,099
(706,615)
(1.769)
(230)
(158,516)
(1,769)
(230)
548.099
(708,614)
(160,515)
Restrlcted funds
Cwm Taf Morgannw8 University H¢alth
Board
Prepare to Care RCTIRTF
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Assels
Residential Resilience RCTCBC
MTCBC Residential Resili¢n¢¢ Project
Project SPEAK
CF in Wales (Money Mart¢rs)
Mums Matier (RCTCBC)
WCVA TRSF 2 Grant
Moondance Foundation
Henry Smith (Advocacy Project)
Missing Middle Wales
Carers Short Breaks Project (RJF)
259,228
(243.212)
(4,000)
(21,230)
(44,314)
(1,675)
(125.177)
(485)
(58,214)
(30,538)
(21,088)
(11,950)
(12.649)
(20,291)
'(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
35.000
594,903
(648,409)
(53,506)
TOTAL FUNDS
1,143,002
(1,357,023)
(214,021)
Page 27
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Comparatives for movement In funds
Net
movement
in funds
Transfers
b¢tween
funds
Al 114122
3113123
Unrestricted funds
General fund
Designated Fund
Privaie Counselling
Enlerpriserrraining Fund
Evaluatioii Mind (NAMH)
Community and Corporate Fundraisin8
Fund (WCVA match)
Social Enterprise Development Fund
Core Management Team Capacity Fund
Abs¢n¢e Capacity Fund
It Takes Balls To Talk (Private
Counselling)
474,179
(7.739)
(786)
(660)
43,887
99,767
2,878
566.207
3.243
12.840
13,500
(43,887)
4.587
4,587
24.400
200,000
60,000
20,000
24.400
195,998
60,000
20,000
(900)
(3,102)
12,203
15
12.218
810,020
33,802
55,671
899,493
Restrlcted funds
Cwm Taf Morgannwg University Health
Board
ICF Project 5
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Assels
Residential Resilience RCTCBC
Crisis Fund
Awards For All (It Takes Balls to Talk)
Step by Step (RCTCBC)
Social Prescribing Fund
P¢er Support
Oak Foundation (New Fund)
Connector Fund
MTCBC Residential Resilience Project
Whole School Approach
Project SPEAK
CF in Wales (Money Matters),
MH Covid Response
Enhanced Residential Resilience
Enbanced Step by Slep (RCTCBC)
Mums Matter (RCTCBC)
WCVA TRSF 2 Grant
Digital Transf0M￿tion (Mind National)
MTCBC Wellbeing Granl
Moondance Foundation
Henry Smith (Advocacy Project)
National Lottery Community Fund
(Safeguarding Support)
168,286
61,520
(3,324)
1,775
12.477
(417)
12,842
(21,650)
3,3.24
(1,775)
(3.412)
208,156
13,354
2,092
22,419
1,675
(12,842)
4,100
4.100
(1,519)
(4,708)
(5)
1.048
1,519
3,929
(514)
(1,048)
779
519
43.961
3,140
7,024
5,932
36,343
16,850
25.189
2,022
8,484
10,545
19,532
2,256
19,500
13,250
43.961
3,140
2,070
(9,094)
5,932
54.018
26,675
(15,032)
(17)
(22)
(31)
(1.901)
(16.700)
(2.256)
(2,141)
(601)
5,412
(9,000)
(1,818)
25,172
2,000
(8,453)
(2,031)
7,940
6,613
10,772
17.359
12,649.
4,666
(746)
1,750
1,750
403,158
76,895
(55,671)
424.382
TOTAL FUNDS
1,213,178
110.697
1,323,875
Page 28
onlinued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENI DED 31 MARCH 2024
18.
MOVEMENT IN FUNDS- continutd
Comparative nel movement in funds, included An the above are as follows..
Incoming
resources
Resources
expended
Movem¢nt
in funds
Unrestrlcted funds
General fund
Designated Fund
Private Counselling
EnlerpriselTraining Fund
Social Enterprise Development Fund
570,376
(578,115)
(786)
(780)
(28.040)
(900)
{7.739)
(786)
(660)
43.887
(900)
120
71,927
642,423
(608,621)
33,802
Restrlcted funds
Cwryn Taf Morgannwg University Health
Board
ICF Proj¢cl 5
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Assets
Residential R¢silienc¢ RCTCBC
Awards For All (It Tak¢s Balls to Talk)
Slep by Step (RCTCBC)
Social Prescribing Fund
Peer Support
MTCBC Residential Re$ilience Project
Project SPEAK
CF in Wales (Money Matters)
MH Covid Response
Enhanced Residential Resilieftce
Enhanced Step by Step (RCTCBC)
Mums Matter (RCTCBC)
WCVA TRSF 2 Grant
Digital Transfomtion (Mind National)
MTCBC Wellbeing Grant
Moondance Foundation
Henry Smith (Advocacy Project)
National Lottery Community Fund
(Safeguarding Support)
255,397
(193,877)
(3,324)
(18,724)
(38,399)
(417)
(137,249)
(1,519)
(136,710)
(5}
(962)
(35,938)
(92.719)
(31.386)
(17)
(22)
(31)
(37,962)
{16.699)
(2,256)
(2,141)
(601)
(7.088)
61,520
(3,324)
1,775
12,477
(417)
12,842
(1,519)
(4,708)
(5)
1,048
2.070
26,675
(15,032)
(17)
(22)
(31)
(1.901)
(16,700)
(2.256)
(2,141)
(601)
5,412
20,499
50.876
150,091
132,002
2,010
38,008
19,394
16,354
36,061
(i)
12,500
9,428
(7,678)
1,750
842,619
{765,724)
76.895
TOTAL FUNDS
1.485,042
(1,374,345)
110,697
Page 29
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
TES TO THE FINANCIAL ST ATEMENTS - eontinued
FOR THE YEAR EYI DED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - ¢ontlnued
A current year 12 months and prior year 12 months combined position is as follows..
Net
movement
in funds
Transfers
between
nds
At 114122
3113124
Unrestricted funds
General fund
Designated Fund
Private Counsellin8
Enlerpriserrraining Fund
Evaluation Mind (NAMH)
Community and Corporate Fundraisin8
Fund (WCVA match)
Social Enterprise Development Fund
Core Management Team Capacity Fund
Absence Capacity Fund
It Takes Balls To Talk (Private
Couns¢lling)
474,179
(166,255)
(2,555)
(890)
43,887
293.537
2.878
{12,610)
(43.887)
(4.587)
601,461
1,474
13.500
4,587
24,400
200.000
60.000
20,000
(24.400)
(42,625)
(900)
156.475
60,000
20,000
12,203
{12.203)
810,020
(126,713)
156,103
839,410
Restrlcled funds
Cwm Taf Morgannwg University Health
Board
ICF Project.5
Prepare to Care RCTIRTF
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Assets
Residential Resilience RCTCBC
Crisis Fund
Awards For All (It Takes Balls to Talk)
Step by Step (RCTCBC)
Social Prescribing Fund
Peer Support
Oak Foundation {New Fund)
Connector Fund
MTCBC Residential R¢silience Project
Whole School Approach
Proj¢ct SPEAK
CF in Wales (Money Mallers)
MH Covid Response
Enhanced Residential Resilience
Enhanced Step by Step (RCTCBC)
Mums Matter (RCTCBC)
WCVA TRSF 2 Grant
Digital Transfomiation {Mind National)
MTCBC Wellbeing Grant
Moondance Foundation
Henry Smith (Advocacy Project)
National Lottery Community Fund
(Safeguarding Support)
Missing Middle Wales
168,286
77,536
(3,324)
(4.000)
1,043
15,320
(2,092)
29,154
(107,934)
3,324
4.000
(1.043)
(28,674)
137,888
13,354
2,092
(29,154)
4.100
4,100
(1,519)
(4,708)
(5)
1,048
1,519
3.929
(514)
(1,048)
1,949
779
519
43,961
3,140
7,024
5.932
36,343
16.850
25,189
2,022
8,484
10.545
19,532
2.256
19,500
13.250
45,910
3,140
1,585
(R.609)
5,932
(17,429)
(45,571)
(17)
(22)
(31)
2,160
(28,650)
{2,256)
(2,141)
(13,250)
10,322
{18,914)
28,721
25,172
2,000
(8.453)
(12,705)
19.890
10,772
17,359
(746)
9,576
1,750
8.486
1,750
6,845
(1,641)
403.158
23,389
(156,103)
270.444
Page 30
continued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL ST ATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
TOTAL FUNDS
1,213,178
(103.324)
1,109,854
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are
as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fimd
Designated Fund
Private Counselling
EnlerpriselTraining Fund
Social Enterprise Development Fund
1,118.475
(1,284,730)
(2,555)
(i.oio)
(28,040)
(900)
{166,255)
(2,555)
(890)
43.887
(900)
120
71.927
1,190,522
{I,317,235)
(126,713)
Restrlcted funds
Cwm Taf Morgannwg University Health
Board
ICF Project 5
Preparc to Care RCTlliTF
Merthyr Tydfil Carers (MTCBC)
Active Monitoring LMA Fund
Restricted Fixed Assets
Residential Resilience RCTCBC
Awards For All (It Takes Balls to Talk)
Step by Slep (RCTCBC)
Social Prescribing Fund
Peer Support
MTCBC Residential Resilience Project
Project SPEAK
CF in Wales (Money Matters)
MH Covid Response
Enhanced Residential Resilience
Enhanced Step by Step (RCTCBC)
Mums Matter (RCTCBC)
WCVA TRSF 2 Grant
Digitsl TransfornMtion (Mind National)
MTCBC Wellbeing Grant
Moondance Foundation
Henry Smith (Advocacy Project)
National Lottery Community Fund
(Safeguarding Support)
Missing Middle Wales
Carer5 Short Breaks Project (IUF)
514,625
(437.089)
(3,324)
(4,000)
(39,954)
(82,713)
(2,092)
(262,426)
{1.519}
(136,710)
(5).
(962)
(36,423)
(150.933)
(61,924)
{17)
(22)
(31)
(59.050)
(28.649)
{2,256)
{2,141)
(13,250)
(27.3 79)
77,536
(3,324)
{4.000)
1,043
15.320
(2,092)
29,154
(1,519)
(4,708)
(5)
1.048
1.585
(17,429)
(45,571)
(17)
(22)
(31)
2,160
(28.650)
(2,256)
(2,141)
(13,250)
10,322
40,997
98.033
291,580
132,002
2,010
38,008
133,504
16,353
61,210
(i)
37,701
9,428
27.072
35,000
(7,678)
(18,586)
{35.000)
1,750
8,486
1,437.522
(1,414,133)
23,389
TOTAL FUNDS
2.628.044
(2,731,368)
(103,324)
Page 31
eontinued...

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMEIYT IN FUNDS - continued
Transfers between funds
Transfers between funds mainly arise where unrestricted fijnds have been used to fvnd shortfalls in restricted
proj:cts. However. during tIM's financial year. the Trustees agreed to combine (he restricted hospital advocacy
nd wilh the Cwm Taff Morgannwg University Health Board fvnd. via a transfer of fiinds, as ihey are one and
the same. Transfers were also made in the year to strip capital expenditure oul of the restricted revenue ￿ndS and,
allocate lo an individual restricied fixed ass¢1 fund.
The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are
available with the approval of the lrnstees to ￿nd any expenditure on projects or expenses which fall within the
organisalions general aims and objectives. they are accumulated in accordance with the reserve policy hs Staled
in the INstee report.
Analysls of Unrestrlcted Deslgnated funds
2024
2023
Unamortised fixed assets
Community and Corporate Fundraising Fund (WCVA match)
Social Enterprise Development Fund
Core Management Team Capacity Fund
It Takes Balls To Talk
Absence Capacity Fund
1,474
3,243
24.400
195,998
60,000
12,218
20,000
156.475
60.000
20,000
Designated funds
237,949
315,859
The Trustees consider that funds held and generated within the Private Counsclling and Evaluation Mind Funds
are to be included as free reserves.
UnAmorllsed Flxed Assets
Fixed Assets Designated funds r¢presenl Ihe amounts sel aside lo write down Ihe remaining net book value of
rixed assets held against unrestricted ￿nds.
Communlty and Corporate Fundralslng Fund (WCVA malch)
To co-invest in the charities fundraising capacity and capability. Th¢ WCVA Charity Recovery Fund has been
secured £48.8k. The Board is asked to co-invest £24.4k. (a 500/rt match), tn s￿$taIn Dur fundraising capahility
for the period 2021-2023.
Social Enterprise Development FuDd
To co-invest in the Charity's social enterprise ambition. To designate a £200k fund. Robust business proposals
will be developed in the strategic period 2021-2024 to support the Board decisions on social enterprise
developments. For example, these could include capitsl developments such as a w¢llbeing coffee shop (Mocha
Mind) or invesknent in prop¢rty/social housing.
Core Management Team Capaclty Fund
To desI￿ate fijnds to build caparity within the Cor¢ Management Team should the Charity continue to grow
towards £2m income. Specifically managing public sector contracts, finance and adminislraliv¢ needs. We
would recommend a designated fund of (0.5 PTE Service Man&ger, Finance Officer and Adminislralor) - approx.
£50-£60k.
It Takes Balls To Talk
This is a designaied fund, as money was raised specifically for a campaign to provide private couThselling.
Page 32
continued.

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS - continued
Absence Capaclty Fund
To designate £20k per annum to be used as backfill absence through using casual / bank workforce to sustain
servic¢s during periods of unplanned absence. (As ther¢ is a high probability that this reserve would be utilised
this could be considered to be built into fiiture budgets and reforecasts).
Activlt5es undertaken with ea¢h major restrlcted fund
The restricted funds of the charity have been applied durin8 the y¢ar or are held for future expenditure in the
following areas..
HospitAVCommunity Advocacy (Cwm T&f Morgannwg Unlverslty Health Board)
Hospital and Community Advocacy services are provided throughout Cwm Taf Morgannwg. and include the
Royal Glamorgan Hospital, Ysbyty George Thomas and Pinewood House. The advocacy is fijnded via a service
level agreement, and provides an advocacy service lo palients,which aim5 to be the voic¢ of palients.
A¢tlve Monltorlng
Activ¢ Monitoring is a proj¢¢t which enables GPS lo refer patients directly to a dedicated mental bealih
practitioner as soon as they present with problems such as anxiety, depression, low self-esleem or stress. This
project is funded by Cwm TatTMor8annwg University H¢alih Board.
Residentlal Resillence
Jointly funded by the Oak Foundation and RCTCBC. the project seeks lo support single homeless people who
experience poor mental health and well- being to become more resilient through a range of psy¢ho-educalion,
well-being support and developing social connections, the projecl also supports the development of
psychological infornied environments.
Merlhyr Tydfll Carers MTCBC
Delivering the Carers STAR Project, a holislic approach to supporting carers with their caring rol¢.
Crlsls Fund
A Fund to enable small crisis grants to people exposed lo significant hardship. This year the money was speni on
victims of flooding.
Oak Foundjtlon
This was a significant grant investment to assist in the developm¢nl of r¢silience and psychologically informed
environments across homeless hostel.s.
Connector Fund
Funded by Mind Grant, working in Partnership with Valley Steps to co-design community s¢rvices - th¢ fund is
designed to enhance or8anisational sustainability.
MTCBC Residential Resllience Project
Commissioned by MTCBC. supporting homeless people to develop resilience in the face of adversity.
Whole School Approach
Funded by the ICF prograrnme, delivering elements of Mind's Whole School Approach services to vuln¢rable
children and young people.
CF In Wales (Money Matters)
CF in Wales administered etthance grants for the Lloyds Bank Foundation during the pandemic - an enhanced
grant was awarded to 'Your Money Matters, project to deal with increased demand at this time of national crisis.
MH Covld Response
Page 33
continu¢d...

CWM TAF MORGANNWG MIND
REVJOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- contlnmed
FOR THE YEAR ENDED 31 MARCH 2024
18.
MOVEMENT IN FUNDS- Continued
Welsh Government made further grant investment in community-based services to take pressure off the primary
care health system, investment was award¢d to the charity sector and administered through local County
Voluntary Councils to enhance community services at this lime of national crisis.
ProJe¢t SPEAK
Providc5 Suicide prevenlion awareness sessions. professional education and counselling support for peopl¢ who
have attempted suicide or lost loved ones to suicide via the following pathways:
community awareness sessions at sports Clubs, mens barbers, pubs, ¢ic, about the signs to look for lo recognisc
a fri¢nd, family member or colleague at risk of suicide through a see. say signpost presenlalion.
professional training for social workers. social care workers, health professionals. advice workers, leachers ¢tc
accredited by the National Centre for the Prevention of Suicide and Education UK.
referral lo our leam of professional counsellors for free coun5elling
Enhanced Residentlal Resilience
The Residential Resilience Project provides a range of mental healih and wellbeing aclivities for tenants living in
local hosiel provision and supported accommodation via the following pathways:
one lo one coaching se55ions,
peer support sessions and
ref¢rral to our trawna informed counselliThg servic¢5.
Mums Matter (RCTCBC)
Mums matter is a structured 8-week course consisting of 2 hourly sessions for mums who are feeling low.
stressed, ovenvhelmed. and anxious or having worryin8 thoughts and feelings, and are struggling with the
transition to nloih¢rhood. The course is run by a local MtND practitioner and a mum with lived experience, with
the Option of crèche facilities provided on sit¢.
Moondance Foundatlon
This was a grant to 5UPPOrt expanding the organisations work wtth the LGBTQ+ Community.
MTCBC Wellbeing Grant
This grant was to provide a s¢ries of mental health wellbeing groups across MerthyT Tydfil.
WCVA TSRF 2 Grant
The WCVA Transformation Grant was to increas¢ sustainability within the sector. Il enabled the ￿ndIng of
Marketing. Communications and Fundraising Manager. This in tern enables the promotion of community
fundraising events. assist in the recruitment of trustee5. staff and voluDt¢crs, and io ¢nable the development of
range of markeling materials to reach divervs¢ rommunities.
Henry Smith (Advocacy Fund)
This funding provides advocacy support for individuals experiencing serious mental health within secondary care
services in MerthyT Tydfil, Rhonda Cynon Taf and Bridgend.
NAtlonal Lottery Community Fund (Saf¢guardlng Support)
This funding is to coThduct research. in partnership with the Cwrn Taf Morgannwg Regional Safeguarding Board,
to investigate how suicide could b¢ actively prevented in a diverse range of communities.
Missing Middle Wfdles
Tllls funding is for the delivery of an early inl¢rv¢ntion, facililaied self-help service. for ¢hildr¢n and young
people. within a number of primary care settings across Bridgend, RCT and Merthyr.
Page 34
continued...

CWVI TAF MORGAN]YWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2024
19.
EMPLOYEE BENEFIT OBLIGATIONS
During the year the charity was committed to pay £49,443 2023,. £50,546) to th¢ ¢mployees pension schemes.
At the year end £7,399 (2023.. £4,419) contributions were unpaid.
20.
RELATED PARTY DISCLOSURES
Transaction
Type
Related Party
2024
2023
Merthyr Tydfil County Borough Council
Merthyr Tydfil County Borough Council
Merthyr Tydfil CouDty Borough Council
Merthyr Tydfil County Borough Council
Income
Debtor
Creditor
Expense
15,374
5,124
146
107
58.505
39,371
1,034
The Chair of the charity, Clive Jones is a Councillor for Merthyr Tydfil County Borough Council.
21.
ULTIMATE CONTROLLING PARTY
The Charity is controlled by its directorsltDJslee5 as disclosed within the Refer¢n¢¢ and Administrative details in
the Trustee Report,
22.
GIFTS tN KIND
Volunteer Tlrne
The value of volunteer time is not quantified in terms of money bul the time eontributed by volunteers is an
invaluable resource in terms of the outstanding contribution made by Ihem.
The number of hours ¢ontribuied by volunteers in the year was 2,119 (2023.. 1.284).
Page 35

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MER THYR AND THE
VALLEYS MIND
TAILED STATEMENT OF FINANCIAL ACTIVITI
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Donations and legacles
Donations
Gifi aid
Grants
7,426
18
137.112
6.113
83
78,182
144,556
84.378
Other trAdlng 2¢tlvltles
Fundrhising events
Training
7,252
2.270
8,886
3,200
9.522
12,086
Investment Income
Deposit account interest
12,189
3,254
Charitable Ictivltles
Charitable aclivity income
976,735
1,384,394
Other Income
Oiher Income
930
Total Ineoming resources
1,143,002
1,485.042
EXPENDITURE
Charltable aellvltles
Wages
Pensions
General Expenses
917.627
49.443
321.126
954.255
50,547
294,264
1,288,196
1,299,066
Support Costs
Management
Wages
Ov¢rh¢ads
10.496
24,824
10.086
16,854
35,320
26,940
Finanee
Wages
Overheads
3.499
8,275
3,362
5.618
11,774
8,980
This page does not forni part of the statutory financial statements
Page 36

CWM TAF MORGANNWG MIND
PREVIOUSLY KNOWN AS MERTHYR AND THE
VALLEYS MIND
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Finance
Human resources
Wages
Overheads
3.499
8,275
3.362
25,926
11.774
29,288
Governanee costs
Accountancy fees
9,959
10,071
Total resources expended
1,357,023
.374,345
N¢t {expendlture)Ilneome
(214.021)
110,697
This page does not forn) part of the statutory financial statements
Page 37