REGISTERED COMPANY NUMBER: 06541083 (England 2nd WAles) ' REGISTERED CHAIUTY NUMBER: 1123615 REPORTOF THE T ES UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEY MIND •AEGU714Z6* 0611212025 COMPANIES HOUSE A17 #129 Baker Knoyle Chartered Accountants Orbit Business Centre merth￿ Tydfil CF48 IDL CWM TAF MORGANIYWG MIND REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND CONTENTS OF THE FINANCIAL STA TEMENTS FOR THE YEAR ENDED 31 MARCH 2025 PAge Report of the Trustee8 Independent Examlner's Report Statement of Fln4nclal Actlvllles Balan¢¢ Sheet io Cash Flow Statement Notes to the Casb Flow Statement 12 Notes to the FlnaDcial Statements 13 10 31 Detalled Statement of. Flnanclydl Aetlvltles 32 to 33 CWM TAF MORGANNWG MIND CISTERED NUMBER: 0654108 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006. pr¢sent their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial R¢portin8 Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). The Trustee Report includes the Report of the Directors, as required by company law. Page I CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541083 REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTIVES AND A￿[VITIEs Objectlves and alms Our vision We won't give up until everyone ¢xp¢ri¢n¢ing a mental health problem gels both support aDd r¢spect. Our mission To provide quality services across the Cwm Taf Morgannwg region that promote positive mental health and wellbeing. Our values: - We provide hope beyond surviving. - We bave cornpassion for ourselves and others. - We ar¢ passionate about building resilience and wellbeing We are: Open - W¢ r¢a¢h out ￿ anyone who needs us. Together - We're stronger in partnerships. Responsive - We lis(en'. we acl. Independent - W¢ speak out fearlessly. Un8toppable- We never give up. Strateglc prlorltles l. More adults get the support th¢y n¢ed as quickly and seamlessly as possible. with a focus on ensuring our servic¢$ m¢et the diverse needs of our population and is as preventative as possible. 2. D¢velop our services so that more children and youn8 peopl¢ are better equipped and supported lo manage their own mental health and wellbeing. 3. Increase our partnership work lo help to alleviate some of the key issues that continually contribut¢ to poor mental health, such as poverty, financial. pressure, housing or homel¢ssn¢5s and work. 4. Lived ¢xp¢riencc is embedded through our organisalion to ensur¢ our services keep pace with (he help people require and so we can support wider system ¢hange. As part of thi5, we are developing a Stepped Support Service thal allow$ us to speed-up and reduce barriers to support, as well as provide grealer prevention of mental health escalating. By Stepped Support we mean a range of different services that can support peopl¢ from low to severe mental health and emotional wellbeing ¢hall¢ng¢s. Servlce User Involvement Cwm Taf Morgannwg Mind seek to involve seryice u5¢rs in a number of ways: - Through Service User Representation at Trustee Board Level - Through employing people with dir¢¢t lived experience Through consistently evaluating peoples experience of using our services - Through co-producing our strategy - Through info@ctmmind.org.uk Through presenting topical issues through social media and communicating openly - T1￿Ollgh - http:/www.ctinmind.org.uklget-involvedJ offering wider involvement in Mind We evaluate the views of people using our services tI￿oUghoUt the year and analyse this data to strive for improvement. we know that a range of service user involvement 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 its Policy and Public Affairs role, g¢tting local peoples, voices into Welsh Gov¢rnment Consultations which is a priority for us and the Mind Network in Wales. Page 2 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 2025 Summary of Aetlvltles: Mind Supported Self Help A Mind National product, a prograrnme of sclf-directed support for people experiencing moderatc mcntal health conditions such as anxiety and depression. Co-located in Primary Care Services. working alongside GP Practices and Primary Care Cluster Teams by providing patients with mental health interventions in the 'watchfis1 waiting, period. This service is provided lo 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 Counselling and Psychotherapy (BACP) and provides counselling services in partnership with the NHS and Local Primary Care Mental Health Support Services. We're also fjJnd¢d by the Anned Forces Covenant Fund to provide ¢OUDs¢lling and money advice to veterans. Trauma-lnforrned Couns¢lling Providing trauma-infornjed counsellin8 serviees to vulnerable people to people who are homeless or in temporary accommodation. IDdependent Advoeacy Providing independent financial. advoca¢y services to p¢ople receiving care and treatmenl under th¢ Mental Health Acl within the Cwm Taf Morgannwg University Health Board region, including Royal Glamorgan Hospital and other local health and inpatient services empowering people to use their voice and defend their rights and responsibilities. Independent community advocacy for peopl¢ with mental health problems struggling to have their voi¢e heard by statutory services, e.8., social services. Supporting veterans and individuals receiving inpatient mental health ¢ar¢ with fmancial difficulties. Carers Servlces Working with carers who are exposed to loneliness and isolation, delivering a range of wellbeing initiatives to create a sense of belongin8 in communities, mattering as individuals and. sp¢aking out on people's behalf when th¢ir rights are not upheld. Public benefit We have complied with the duty in section 17 of the 2011 Charities Act to hav¢ du¢ regard to 8uidan¢¢ published by the Commlssion in respect of our duty to provide public benefit. Volunteers We have two volunt¢er roles whicb include board volunteers (12) and Stud¢nt Counsellors (26). Long term obJectlve$ The charity co-produced it's 2025-28 strategy during 2024-25 and five strat¢gy priorities were agreed. These are showTL above. Page 3 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 2025 ACHIEVEMENTS AND PERFORMANCE Charilable activities Summary of A¢hievement$ and Performnce The charity has work¢d extremely hard over the past year lo reach as many people as possible, as we know our services make a significant difference lo people'5 lives. W¢'v¢ also focusses on increasin8 our income. extending our support and enhancing our governance and corporate fiJnclion5. In addition, we consulted with hundreds of people and professionals across the region in developing a new, 3-year strategy for 2025-28. This strategy will provide clear direction and focus for the organisation and excitin8 service development opportunities. In developing the strategy, we have increased and deepened our partnerships. and this will help provide more holistic support to help reduce some of the issues that contribute to poor mental health. such as financial challenges, housing, cducaiion and employncntlunemployment. How We Measur¢ Success Cwm Taf Morgannwg Mind apply a vartety of different measur¢s aeross our range of servtces to demonstrate successfvl outcomes delivered by our service, we apply the Mind Outcomes Toolkit which allows us lo report on our impact lo con]mission¢r$ and 8rant funders. We have dcveloped our 'Theory of Change, meibodolo8y, enhanced resources, ccntralised data processes, developed policy and continue to monitor and evaluate our effectiveness. Ft¥ANCIAL REVIEW Prlnelpal funding sources We would like to thank Bridgend County Borough Council. Cwm Taf Morgannwg University Health Board, Merthyr Tydfil County Borough Council, Rhondda Cymon Taf County Borough Council, Anned Forces Covenant Fund. Henry Smith, the Oak Foundation and Mind National for their continued investment in our services. Reserves polley Our Free Reserves shown in our 2024-2025 accounts are £634,223 which is above the agreed targeted r¢5¢rv¢s policy of £261,950 bul is considered a prudent level of r¢s¢rves given the current economic environment. The Trustees have identified the charity's needs, key risks and have identified key elements to mitigate andlor manage those risks, as follows.. l. FinarAcial, R¢silien¢e - investing reserves wisely in property and the development of a viable social enterprise 2. Maintaining a skill¢d workforce - wellb¢in8 Initiatives and job evaluation 3. Reputational risk - people presenting with higher degrees of need 4. Compelition from new provider$ of mental healih s¢rvi¢¢$ Flnancial Resilienee. The charity's CEO and leadership l¢am work with the board. to consider how to enhance our financial resilience. This includes how we can enhance our syst¢nLS and processes lo reduce risks and where we can save mon¢y, gait) new income and div¢rsify our income. FUTURE PLANS We are taking forward plans to suslainably deliver our strategy and have so far gained ￿ndIng to develop steps 1-3 of our Stepped Support S¢rvice, which includes Emotional Listening and Support and Single Session Therapy. We also piloting the use of Supported Self Help to increase school attendance in Rhondda Cynon Taf and Merthyr Tydfil. Page 4 CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541083 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its 8ov¢rning dotumenL a deed of tnlst, and Consti￿leS a limited company, limited by guarant¢¢, as defined by the Companies Act 2006. Cwm Taf Morgannw8 Mind's governing document5 are its Memorandum and Articles of Association (am¢nd¢d 23rd October 2015). The Organisation has been incorporated since I st July 2008. Recrultment and appointment of new trustees All applications have lo be returned to the Board Secretarial by post and are invited in for fortnal discussions to get to know the charity and their roles and responsibilities, these discussions are led by Ihe Charity Chairnian. Depending on skill, knowledge, experience and suitability. they will be interviewed by the Trustee Board. or its d¢legated deputies, as part of the appointment process. The Chief Executive Olyicer will arrange a meeting with the newly appointed t￿st¢eS to arrange an induction and provide insight. Organlsatlonal structure Cwm Taf MoTgannwg Mind have a Truslee Board who meet quarterly and are responsible for ov¢rall charity goven)ance. At present., the Board has several profession21 members from a variety of backgrounds relevant to the charity as well as other Trustees with skills that are invaluable to the Organisation. The Trustee Board may develop sub-committees to l¢ad specific or8anisational dcvelopments in line with its duties under ihe Mind Quality Mark. a quality frarnework endorsed by the Charity Conunission in England and Wales. The Board delegate strategic management to the CEO who is accountable for delivering on our vision, mission valu¢s and goals. The CEO maintains strategic relationships with our commissioners or 'pwcha5ers of services,. The CEO manages and provides le&deTship lo the Strategic Leadership and Management Group (SLMG), with support and supervision in line with Mind Quality Management (MQM) and organisational policy. Induetlon and tralnlng of neiv trustees Trustees are already familiar with the practical work of Ihe charity and ar¢ encouraged lo sp¢nd lime within Ihc Organisation. Additionally. new Irustees are invited and encouraged to attend a series of short informal training sessions lo familiarise themselves with the charity and ihe conlexl wiihin which it operates. these will be carried out within Ibe organisation.These are jointly led by th¢ Chair and CEO of the Charity and cover.. The obligations of T￿sleeS - The main documents which set out the operational framework for the charity in¢luding the memorandum and Articles of Association and the cu￿ent Strategy. Resourcing and th¢ currenl financial position as set out in th¢ latest published accounts, Fu¢ure plans and objectives In addition, the Trnstee members are offered a stNctured learning and development programme. The Churity CoThllnission publication "The Essential Truste¢" is distributed to all the new trustees along with the latest flljancial stalemenls, and minu*s of the three previous Trustee Board meetings. C￿n Taf Morgannwg Mind hav¢ produced an induction progranune, which is conslantly updated and implemented. Organisational 8ov¢rnance processes are followed inline with th¢ Charity Commission and the Mind Quality Mark standards. Key management reJDun¢ratioD The charity sets its own pay structures using market intelligence, cost of living rises are delerniined by the Board of Trustees in line with the charities affordability and scoping of the public and charity s¢¢tors remuneralion 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. Page 5 CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541083 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Related parti Cwm Taf Morgannwg Mind is affilTrated to Mind (The National Mental Health Charity) via a federated charity structure. Cwin Taf Morgannwg Mind has fomially contrackd with Mind via th¢ Federation Agre¢m¢nt which specifies its forni&l r¢latioDship. The charity has close relationships with the following organisations: Related partlts - Membtrshlp. The charity has close relationships and is a member of the following Organisations: l. Wales Council for Voluntary Action (WCVA) 2. Bridgcnd Association of Voluntary Organisations {BAVO) 3. RCT Interlink 4. Voluntary Action merth￿ Tydfil (VAMT) Publle Sector Commlssloner - Cwm Taf Mor8annw8 University Health Board - Merthyr Tydfil County Borough Council - Rhondda Cynon Taf County Borough Council - Brid8end County Borough Council PirtDer OrgaDlsatlons - Mind Cymru - The Voice of ihe Mind Network in Wales Local Minds across Wales and England Trivallis Housing Association Merthyr Tydfil Housing Association - Merthyr Valleys Homes - Cynon Taf Housing Group Citizens Advice covering RCT, M¢rthy Tyfil and Bridgend counties Funders (Grants) Oak Foundation Henry Smith - Arn]ed Forces Cov¢nant Fund Wales & West Utilities Moondance Foundation Garfield We510n Foundation Individual doDors, sponsors and fundrdisers. The organisation is a member of the Cwm Taf 3rd. Sector Mental Health Forum and ba5 representation on various sub-groups and many community groups includin8.' - One Mind in Wales - Mental Health Partnership Board - Cwm Taf Morgannwg Regional Partnerslu'p Board Rlsk management Th¢ truste¢s apply a risk management frarnework which will comprise an annual review of the risks the charity may face. and the establishment of systems and procedures to mitigate risks identified. To implement procedures designed to minimise any potential impact to the chanty should those risks arise, several policies have Ixen introduced and adopted by the board of trustees which ar¢ focused on the Organisational Structure atKI risks associated therein. Page 6 CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541083 REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 REFERENCE AND ADMINISTRATNE DETAILS Registered Company numb¢r 06541083 (England and Wales) Reglstered Charity number 1123615 Reglstered offlce 88 High Street Merthyr Tydfil CF47 8UG Trustees Councillor Clive T Jones- Chair Mr Ge[W￿ Butler - Treasurer - resigned 22nd September 2025 Ms Lisa M Thomas - resigned 23rd June 2025 Ms Briony Hunt - resigned I Ith June 2024 Ms Joanna Markham Mr Benjamin H Trewartha Ms Joanne Trewartha - resigned 18th November 2024 Mr David Price - appointed 8th July 2024 Ms Lynnette Thomas - appointed 8th July 2024 Mr James Allen - appointed 8th July 2024 - resigned 3rd FebNary 2025 Mrs Hel¢n Whitfield-williams - appointed 8th July 2024 Mr Ian John Diment - appoint¢d 8th July 2024 Mrs Helen Anne Smith - appoinled 8th July 2024 Consultants Simon Lambert (HR) Charlty CEO and day-to-day management Ms Lucy Reynolds (Interim) Mr Kieran Harris (July 2024 - date) Independent Examiner R.1. Knoyle ACA FCCA Baker Knoyle Chartered Accountants Orbit Business Cenlre Merthyr Tydfil CF48 IDL Bankers Barclays Bank PIC 47 High Sir¢et Merthyr Tydifl CF47 8DL Approved by order of the board of trustees on 27 November 2025 and signed on, its behalf by: C T Jones - Trustee Page 7 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CWM TAF MORGANNWG MIND GISTERED NUMBER: 06541083 Independent exAn￿￿er,$ report to the trustees of Cwm Taf Morgannwg Mind ('the Company.) I report to the charity tNst¢es on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for th¢ pury)oses of company law) you are responsible for the preparation of th¢ accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having salisfied myself that th¢ accounts of the Company are nol required to be audited under Part 16 of the 2006 Act and ar¢ eligible for independent examination, I report in respect of my examinalion of your charity's accounts as catried out under Section 145 of the Charities Act 2011 ('Ihe 2011 Act,). In carrying out my examination I have followed the Directions given by Ibe Charity Commission under Section 145(5) (b) of Ihe 2011 Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can conf that I am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales. which is one of the lisled bodies. E have cornpleted my examlnalion. I confinn Ihal no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kepi in respect of the Company a$ required by Se¢tion 386 of the 2006 Act. or the accounts do noi accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent .examinalion: or Ihe accounts have not been prepared in ac¢ordan¢¢ with the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102)). I have no concerns and have come across no other matters io connection with the examination to which attention should be dra￿￿ in this report kn order to enable a proper understanding of the accounts lo be reached. R.I. Knoyle ACA FCCA Baker Knoyle Chartered Accounlants Orbit Business Centre M¢rthyr Tydfil CF48 IDL 27 November 2025 Page 8 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND STATEMENT OF FllYANCIAL ACTIVITIES CORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 Total nds 2024 Total funds Unrestricted funds Restricted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10,092 45.678 55,770 144,556 Charltable 4ctlvltlt$ Recovery Services Housing Support Services Enterpris¢ 164,202 208,755 372,957 477,403 141,488 357,844 236,791 120,553 357,344 Other trading activities Investment income 4,970 18,237 4,970 18,237 9,522 12,189 Total 434,292 374,986 809,278 ,143,002 EXPENDITURE ON Charltable ictivltle8 Core Administration Recovery Services Housing Support S¢rviccs Primary Care Prevention Ent¢rprise 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 Total 389,645 534,087 923,732 1,357,023 NET INCOMEI(EXPENDITURE) Transfers between funds 44.647 (50,177) (159,101) 50.177 (114,454) {214.021) 18 Net movement In funds (5,530) (108.924) (114,454) (214,021) RECONCILIATION OF FUNDS Total funds brought forward 839,410 270.444 ,109,854 1,323,875 TOTAL FUNDS CARRIED FORWARD 833,880 161,520 995,400 1,109,854 The notes forni part of th¢se financial statements Pag¢ 9 CWM TAF MORGANNWG MIND EGISTERED NUMBER: 065411183 PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND BALANCE SHEET 31 MARCH 2025 2025 2024 Nolcs 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 1,091,274 1.166,357 CREDITORS Amounts falling due within one year 15 {97,053) (57,977) NET CURRENT ASSETS 994,221 1,108,380 TOTAL ASSETS.LESS CURRENT LIABILITIES 995,400 1,109,854 NET ASSETS 995.400 1,109,854 FUNDS Unreslricted funds Restricted funds 18 833,877 161,523 839,410 270,444 TOTAL FUNDS 995.400 1,109.854 The Charitable company is entitled to exemption from audit under S￿tIon 477 of the Companie$ Act 2006 for the year ended 31 March 2025, The members have not required the company lo obtsin an audit of ils financial statements for the year end¢d 31 March 2025 in accordance with S¢ction 476 of the Companies Act 2006. The Iruslees acknowledge their responsibilities for (a) ensuring that Ibe charitable company keeps accounting records that comply with Sections 386 and 387 of tbe Companies Act 2006 and preparing financial statements which give a true and fair view of th¢ stale of affairs of th¢ charitable company as t the end of each f￿anCIal year and ot. its surplus or deficit for each financial year in accordance with the r¢quir¢m¢nls of S¢ctions 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating lo financial ststemenls, so far as applicable to the charitable company. (b) These financial 5tatemenlS have been prepared in accordance with the provisions applicable to charitable companies subject-to the small companies regime. The financial ststements were approved by the Board of Trust¢es and authorised for issue on 27 November. 2025 and were signed on its behalf by: C T Jones - Trust lfhi The notes fo￿ part of these financial statements Page 10 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operallng aclivities Cash generated from operations 21.358 (201,826) Net cash provided byl{used in) operating activities 21,358 (201.826) Cash flows from Investing a¢tivitl¢$ Intercst received 18,237 12,189 Net cash provided by investing activities 18,237 12.189 Change in cash and cash equlvalents In the reportlng perlod Cash and ¢ash equivalents at the beglnnlng of the reportlDg period 39,595 {189.637) 998,795 1,188.432 Ca$h and cash equlvalents at the end of ¢be reporting period 1,038,390 998.795 The notes forni part of these financial statements Page 11 WM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 202 RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Ntt expenditure for the reporting p¢rlod (a$ per the Statement of Fingncial A¢tlvltles) Adjustments for: Depreciation charges Interest received Decrease in debtors Increa5e/(decrease) in creditors (114,454) (214,021) 295 (18,237) 114,678 39,076 {12,189} 72,711 (51,771) Net cash provided byl{used In) operatlons 21,358 (201.826) ANALYSIS OF CHANGES IN NET FUNDS At 114124 Cash flow At 3113125 Net eash Cash at bank and in hand 998,795 39.595 1,038.390 998,795 39.595 1,038.390 Total 998.795 39.595 1,038,390 The notes fom) part of th¢5¢ financial statements Page 12 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING.POLICIES Organizational status The financial statements of the charitable company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charilies: Statement of Recommended Practice applicable to. charities preparing their accounts in accordance with th¢ Financial Reporting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 Th¢ Financial Reporting Standard applicabl¢ in th¢ UK and Republic of Treland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Th¢ organisation is a company limited by guarantee and a registered charity, both registered in England & Wales.The directors ar¢ thc trustees and are sei out on page 9. they forni a board of trustees which sets the strategic direction of tbe charity and monitors the perf0m￿nCe of the organisation against its goals. The aims And objectives and rules for governanc¢ ar¢ set out in the charitable company's Memorandum and Articles of Association. Ineome All income is recognised in the Statem¢nl of Financial Activities once the charity has enlitlement to the funds, il is probable that ihc income will be received and ihe amount can bc mcasured reliably. The following specific policies are applied.. Voluntary Income received by way of grants, gifts or donation is includ¢d in full on receipt unless it is subject to a condition when it is treat¢d as deferred income. Deferred Ineome. Income or grants received in advance are held as deferred income and carried forward to future a¢eounting periods lo be released when the defined purposes of the work or project have been completed, approved or certified. Gifts In klnd are included in the income and expenditure a¢count where they are applied in carrying out charitable. a¢ttvities, where Ihe company would otherwise have 10 purchase the donated facility and the benefit is boih quanlifiabl¢ and material. The quantifiable benefit is shown as both incoming and eJ%pended resources within the appropriate fi￿ds. Where the gift 15 an asscl it is treated as income and Lqken lo stock or fixed assets as appropriate. The value of services provid¢d by volunt¢¢rs is not quantified. Invtstment Income is included when receivable. Tradlng In¢ome is reco8ni$¢d when ¢arn¢d. Government Grant Income comprises specific project related dir¢ct support. See note 2, Incotning Resources, for amounts. Expendlture Liabilities are recognised as expendiftwe as soon as there is a legal or conslructive obligation cornmitting Ihe charity to that cxpenditure, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure" is accounted for on an accruals basis and has been classified under headings that aggr¢gat¢ all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocaled lo activities on a basis consistent with the use of resources. Charitable expenditur¢ comprises ihose costs incurred by the charity in the delivery of its activities and s¢rvices for its beneficiaries. It ineludes the costs ihat can be attributed directly to those activitie$ and those costs of an indirect nature necessary to support them. Page 13 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 2025 ACCOUNTING POLICIES - contlnued Expendlture All expenditure 15 allocated between the categories of the SOFA on a basis designed to 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. r¢fl¢cts their usage. Cbsirit2ble activities During the year the charity revised its charitable activities to include the four main service functions together with Core Administration. The four main service functions being Recovery Servi¢¢. Housing Support Services, Primary Care Pr¢vention and Enterprise. Prior year SOFA activities have also been revised lo reflect th¢ Change. Tangible fixed assets Depreciation is provided at the fol.lowing annual rates in ord'er to write off each asset over its esiimated us¢ful life. Plant and machinery Motor vehicles 200/• on reducing balance and 15 % on reducing balance 251/1• on cost Tangible Fixed Assets are included in the balance sheet al historic cost less accutnulated depreciation. Grant receipts which fund fix¢d asset acquisitions are taken to restricted funds and the appropriaie depreciation charge is made againsi those funds over th¢ ¢xpected useful life of the asset. Taxatlon The charity is exempt from corporation tax on its charilable activities. Fund A¢countlng Unrestricted funds can be used in accordance with,the charitable obj¢¢tiv¢s at the discretion of the trustees. Restricted funds can only b¢ us¢d for particular restricled purposes within th¢ objects of the charity. Restrictions aris¢ when specified by the donor or wh¢n ￿ndS are raised for particular restricted purposes, Desi￿ated fjjnds 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 io the financial statements. Penslon c05t$ Pension costs are contributions made by the charitable company to both employees own personal pension sch¢m¢s log¢th¢r with contributions made to thc ¢mploy¢¢s gov¢nJrnent work place pension scheme. t*ased Assets Fixed assets a¢qutred under finance leases are included in the balance sheet at historic cost less accumulated depreciation. Tbe present value of future rentals is shown as a liability. Interest payable in each period is cbarg¢d as an expended resource in proportion to the amount outstanding under the lease. operaling lease rentals are charged as exp¢nded resources as incurred. Ex-Gratla Termlnatlon Payment Terniination benefits are payable wben employment is terminated by the Charity before the nornial retirement dat¢, or whenever an employee accepts voluntary redundancy in exchange for Ihese benefits. Th¢ Charity recognises terniination benefits when it is demonstrably con)mitted to either (i) terniinating the employment of current employees according to a detailed fomal plan without P05sibility of withdrawal or (li) providing lern)inalion benefits as a result of an offer made to encourage voluntary redundancy. Debtors and Credltors receivydbltlpayable withln one yefdr Debtors and ¢r¢ditors with no stated interest rate and receivabl¢ or payabl¢ within one year are recorded at transaction price. Page 14 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEY.S MtND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - contlnued Going toneern In common with many other similar organisations. we find ourselves in the situation wher¢ some 8ranl-funded projects and guaranteed COntract-tern￿ are due to eod with our financial year. We are also waiting on the outcome of a number of further grant applications, and therefore, currently, have no 8uarantees as to what our exact 25126 ￿ndIng streams may look like. The trustees are confiden¢ that sufficient fvnding sources will be agreed to allow the organisation to move forward in a similar manner to recent years, but have planned alternative operating models. should income streams be lower than envisag¢d. The trustees therefore feel it appropriate to prepare the accounts on a going concern basis. DONATIONS AND LEGACIES 2025 2024 Donations Gift aid Grants 10,036 134 45,600 7,426 18 137,112 55,770 144.556 Grants received, included in the above, are as follows.. 2025 2024 Cwm Taf Mor8annw8 University HeAlth Board MfND (NAMH) Henry Smith Garfield Western 64,754 47,158 25,200 25,600 20,000 45,600 137,112 OTHER TRADING ACTtVlTIES 2025 2024 Fundraising events Training 4,970 7,252 2,270 4,970 9.522 Page 15 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 2025 INVESTMENT INCOME 2025 2024 D¢posit accouni interest 18.237 12,189 INCOME FROM CHARITABLE ACTIVITIES 2025 2024 Activity Recovery Services Housin8 Support S¢rvi¢e5 Ent¢ry)rise Charitable activity income Charitable activity income Charitable activity income 372,957 477,403 141,488 357,844 357,344 730,301 976,735 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Core Administration Rc¢overy Servic¢s Housing Support S¢rvices Enterprise 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 resources Governance COSts Management Finance Totals Core Administralion Recovery Setvices Housing Support Services Ent¢rprise 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 ,632 527 3.353 18,339 42.449 6.760 34,534 56,874 18,958 18,958 7.292 102,082 NET INCOM.EI(EXPENDITURE> Net incomel(expenditure) is slated after charginW(crediting): 2025 2024 Depreciation - owned assets P¢nsion contributions Accountancy Fees Other Payroll & Accountancy Services Redundancy Payjnent Independent Examiners Fees (2024 Audit Fees) 295 29,582 3,800 2,292 8,599 1,200 3.444 49,443 3.564 2,795 17,091 3.600 Page 16 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMEIYTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, REMUNERATION A]¥D BENEFITS Tbere were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses One trustee r¢c¢ived expense payrnents totalling £151 (2024.. £79) for the year. These payrt￿rtts were reimbursement of travellinB expenses, io. STAFF COSTS 2025 2024 Wages and salaries Other pension costs 619.123 29,582 935.121 49,443 648,705 984,564 The average monihly number of employees during the year was as follows.. 2025 21 2024 39 Full time equivalent The number of employees whose employ¢e b¢n¢fits (excluding employer p¢nsion costs) ¢xceeded £60,000 was.. 2025 2024 £60,001- £70,000 Av¢ra8e employee head count for the year was 21. Included within wages and salaries is Employers, NI contributions of £42,376 (2024:£68,985). Included within oiher costs is £Nil (2024..£17,091) for redundancy and other costs paid during the year. Included within wages and salaries is £8.599 for redundancy paid during the year. The key rnanagement of the charity comprises the Chief Executive Officer. including the Interim Executive Offi¢ers.The total benefits of the the key management personnel of the charity was £72,999 (2024.. £89.920). Page 17 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTE TO THE FINANCIAL STATEMENTS - ¢ontlnued FOR THE YEAR ENDED 31 MARCH 2025 ii. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unreslrict¢d fijnds Restricted fi)nds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,444 137.112 144.556 Charltable aetlvltles Recovery Services Housing Support Services Enterprise 161,101 316.302 141.488 477.403 141,488 357,844 357,844 Other trading activities Investment incomc 9,522 12,189 9,522 12.189 Total 548,100 S94,902 1,143,002 EXPENDITURE ON Charltable activitles Core Administration Rccovery Serviccs Housing Support Services Primary Care Prevention Enterprise 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 Total 708,614 648.409 1,357.023 NET INCOME1{EXPEND￿uRE) Transfers between funds (160,514) 100,432 (53,507) (100,432) (214,021) Net movement In funds (60,082) {153,939} (214,021) RECONCILIATION OF FUNDS Total fijnds brougbt forward 899,493 424.382 1,323,875 TOTAL FUNDS CARRIED FORWARD 839,411 270,H3 1,109,854 12. AUDITOR & INDEPEIYDENT EXAMINERS, REMUNII RATION 2025 2024 Fees payable to the charity's Independent Examiners for the Ind¢pendent Exatnination of the charity's financial" statements 1,200 Fees payable to the charitys Auditors for the Audit of the charity$ financial ststements 3.600 Amounts payable to Independent Examiner (2024: Auditor) in relation, to accounts preparation. paJToII, pension administration and other servi¢¢s provided to the charity were £6,092 (2024.. £6,359). Pagc r8 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS - ¢ontlDued FOR THE YEAR ENDED 31 MARCH 2025 13. TANGIBLE FIXED ASSETS Plant and machinery Motor vehicles Totals COST Al l April 2024 and 3 l March 2025 24,139 29.258 DEPRECIATION At l April 2024 Charge for year 22,665 295 5.119 27.784 295 At 31 March 2025 22,960 5,119 28,079 NET BOOK VALUE Ai 31 March 2025 1.179 1,179 At 31 March 2024 1,474 .474 14. DEBTORS: AMOUNTS FALLTNG DUE ￿THIN ONE YEAR 2025 2024 Other debtors PrepaJTn¢nts 51,974 910 167,562 52,884 167,562 15. CREDITORS: AMOUNTS FALLING DUE ￿THllY ONE YEAR 2025 2024 Trade creditors Pension Fund Other Creditors Deferred income Accrued expenses 6,096 2,552 12,905 7.399 7.860 5,415 24,398 45.772 42,633 97,053 57.977 Deferred ID¢ome 2025 Z024 Opening balance Movement in the period 5,415 40,357 8,968 (3,553) Deferred incom¢ Carried forward 45,772 5.415 Deferred income represents income received from contributing ageDcies where the contribution was restricted to fixed tim¢ period project which extends beyond the current financial year. Incom¢ is def¢￿ed on th¢ basis that the contribution was to the project as a whole, the time period of the project was fi]Ily disclosed to the contributing agencies and that time period. is Certain. The deferred income carried forward is analysed as follows: Pag¢ 19 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 2025 15. CREDITORS: AMou￿rS FALLING DUE ￿THIN ONE YEAR - contlnued 2025 2024 Moondance Foundation Missing Middle Wales (Mind NAMH) 45.772 5,415 45,772 5,415 16. LEASING AGREEMENTS Mlnimum lease payments under nonorai¢ Fundraisin8 Fund (WCVA match) Social Enterprise Development Fund Cor¢ Management Tcam Capacity Fund Absence Capacity Fund It Takes Balls To Talk (Privale 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 Restrlcted funds Cwm Taf Morgarlnwg University Health Board Prepare to Care RCTfftTF Merthyr Tydfil Car¢rs {MTCBC) Active Monitoring LMA Fund Restricted Fixed Assets Residential Resilience RCTCBC Crisis Fund Oak Foundation (New Fund) Connector Fund MTCBC Residential Resilience Project Whol¢ School Approach Project SPEAK CF in Wales (Money Matters) MH Covid Response Enhanced Residential Resilience Mums Matter (RCTCBC) WCVA TRSF 2 Grant MTCBC Wellbeing Grant Moondance Foundation Henry Smith (Advocacy Project) National Lott¢ry Community Fund (Safeguardmg Support) Missing Middle Wales 208,156 16,016 (4,000) (732) 2,843 (1.675) 16,312 {86.284) 4,000 732 {25,262) 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 2S,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) (l(X).432) 270,444 TOTAL FUNDS 1,323,875 (214.021) 1.109.854 Page 23 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 2025 18. MOVEMENT IN FUNDS - contlnued Comparative net movement in funds, included in.the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund Designaied Fund Privatc Counselling 548,099 (706,615) {1,769) (230) (158,516) (1,769) (230) 548,099 (708,614) (160,515) Restrlcted funds Cwm Taf Morgannwg University Health Board Pr¢pare to Care RCTtRTF Merthyr Tydfil Carcrs (MTCBC) Active Monitoring LMA Fund Restricted Fixed Assets Residential Resilience RCTCBC MTCBC Residential Resilience Project Project SPEAK CF in Wales (Money Matters) Mums Matter (RCTCBC) WCVA TRSF 2 Grant Moondance Foundation Henry Smith (Advocacy Project) Missing Middle Wales Car¢r5 Short Breaks Proje¢t (RIF) 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 24 continucd.. CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND TES TO THE FINANCIAL STATEMENTS - CODtlnu FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 monihs combined position is as follows: Net movement in fund5 Transfers between funds At 3113125 Ai 114123 Unrestrieted funds General fund Designated Fund Private Counselling Evaluation Mind (NAMH) Community and Corporate Fundraising Fund (WCV A match) Social Enterprise Development Fund Core Management Team Capacity Fund Absence Capacity Fund It Tak¢s Ba115 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 Restrleted funds Knowin8 Me Knowing Mind Grant- YMM Cwm Taf Morgannwg University Health Board Prepare to Care RCTIRTF Merthyr Tydfil Carers (MTCBC) Active Monitoring LMA Fund Restricted Fixed Assets Residential Resilienc¢ RCTCBC Crisis Fund 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 Mums Malter (RCTCBC) WCVA TRSF 2 Grant MTCBC Wellbeing Grant Moondance Foundation Henry Smith (Advocacy Project) National Lottery Community Fund (Safeguarding Support) Missing Middle Wales Carers Short Breaks Project (RIF) Wales and West Utilities Grant Garfield Western Foundation Carers Trust Support Fund Wales (MTCBC) 8,381 (5,155) 3,226 208,156 (128.254) (4,000) 1,052 2,843 (1,675) 16,312 (18,014) 4,000 (1,052) {25,262) 61,888 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 2.000 6,613 10,772 17.359 12,649 4,666 25.172 2,000 (2,000) 4.061 (11,950) 2,000 {10,674) 1,178 17,359 (12,649) 6,793 11.459 1,750 (9.428) 10,498 600 6,599 10.000 7.678 (4,922) {600) 5.576 6.599 10,000 1.149 (l.l49) Knowing Me Knowin8 Mind Grant - Counselling 10,102 (3,030) 7,072 424,382 (212,604) (50,255) 161,523 Page 25 conlinued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS - eontlnued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS - eontlnued TOTAL FUNDS 1,323.875 (328.475) 995.400 A C￿￿ent year 12 months and prior year 12 months ¢ombined net movement in ￿nds, included in the above are as follows.. Incoming resour¢cs Resources expended Movement in, fimds Unr¢$trl¢ted funds General fund D¢signated Fund Private Counselling 982,390 (1,095,967) (2,064) (230) (113,577) (2,064) (230) 982.390 (1.098.261) (115,871) Restrlcted funds Knowing Me Knowing Mind Grant - YMM Cwm Taf Morgannwg University Health Board Prepare to Care RCTIRTF Merthyr Tydfil Carer5 (MTCBC) Active Monitoring LMA Fund Restricted Fixed Assets Residential Resilien¢¢ RCTCBC Oak Foundation (New Fund) MTCBC Residential Resilience Project Project SPEAK CF in Wales (Money Matters) Enhanced Residential Resilience Mums Matter (RCTCBC) WCVA TRSF 2 Grant Moondance Foundation Henry Smith (Advocacy Project) National Lottery Community Fund (Safe8uarding Support) Missing Middle Wales Carers Short Breaks Project {RtF) Wales and West Utilities Grant Garfield Western Foundation Carers Trust Support Fund Wales (MTCBC) Knowing Me Knowing Mind Grant- Counselling 39,205 (30,824) 8,381 428,919 (557,173) (4,000) {40.024) (44,314) (1,675) (125,177) {45,910) (485) {58,214) (30,538) (2,000) (21,088) {11,9SO) (12,649) (44,008) (128.254) (4,000) 1,052 2,843 (1,675) 16,312 (45,910) (485) (44,104) (30.539) (,2,000) 4,061 (11,950) (12,649) 6,793 41,076 47,157 141,489 14,110 (i) 25,149 50.801 (9,428) (43,646) (59,521) (1.020) (10,000) (9,428) 10,498 600 6,599 10,000 54,144 60,121 7,619 20,000 5,000 (3,851) 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) Transfers between funds Transfers between funds mainly arise where unrestricted fvnds hav¢ been used to fund shortfalls in restricted projects. However. during this fmancial year. the Trustees agreed to. combin¢ the restricted hospital advocacy fund with the Cwm Taff Morgannwg University Health Board fiind, via a transfer of funds, as they are one and the same. Transfers were also made in the year to strip capital expenditure out of the restricted revenue funds and allocate to an individual restricted fixed asset fund. Page 26 Continued... CWM TAF MORGANNWG MIND REVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTE TO THE FINANCIAL STATEMENTS - contlnmed FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FUNDS- eontlnued The free resetves are available to provide fi￿d$ to cashflow projects fimded on a retrospective basis and are available with the approval of the trnstees to fund any expenditure on projects or expenses which fall within the organisations general aims and objectives. they are accumulated in accordance with the reserve policy as staled in the Irustee report. Analysls of Unrestrlcted Deslgnpdted fund$ 2025 2024 Unarnortised fixed assets Social Enterprise Development Fund Core Management Team Capacity Fund Abs¢n¢c Capacity Fund 1,179 118,475 60,000 20,000 1.474 156.475 60,000 20,000 Designat¢d funds 199.654 237,949 The Trustees consider thai fvnds held and g¢n¢rat¢d within the Private Counselling And Evaluation Mind Funds are lo be included as free reserves. Unamorllsed Fixed A$sets Fixed Assets Designated funds represent the amounts set aside to write down the remaining net book value of fixed assels held against unrestriclcd funds. Soclal Enterprlse Development Fund To co-invesi 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 enierprisc developments. For example, these could include capital developments such as a wellbeing ¢offe¢ shop (Mocha Mind) or investment in propertylsocial housing. Core ManagemeDt Team Capaelty Fund To d¢sigDate funds to build capacity within the Core Management Team should the Charity ¢ontinuc to grow towards £2m income. Specifically managing public seclor contracts, finance and administrative needs. would recommeod a d¢51gnated fund of (0.5 PTE Service Manager, Finance Officer and Admillistrator) - approx. £50-£60k. Absence Capacity fiund To designate £20k per aru)um lo be used as ba¢kfill absence through using casual I bank workforce to sustain services during periods of unplanned absence. (As there is a high probability that Ihis reserve would be utilised this could b¢ considered to be built into future budgets and reforecasts). Activities undertaken wlth each major restrleted fund The r¢stricled funds of the charity bave been applied during the year or are held for future exp¢nditure in the following areas.. Hospitavcommunity Advocacy (Civm Taf Morgannwg University Health Board) Hospital and Community Advocacy services are provided throughout Cwm Taf Morgannwg, and include the Royal Glamorgan Hospital, Ysbyty George Thomas and Pinewood Hous¢. The advocacy is funded via a service lev¢1 agreement, and provides an advocacy service to patients,which aims to be the voice of patients. Page 27 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND Tr40TES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT IN FI￿Ds - eontlnued Attive Monitorlng Active Monitoring is a project which enables GPS to refer patients directly to a dedicated mental. health practitioner as soon as they present with problems such as anxiety. depressio￿ low self-esteem or stress. This project is funded by Cl￿n Taff Morgannw8 University Health Board. Residentlal Reslllenee Jointly funded by the Oak Foundation and RCTCBC, the project seeks to support single homeless people who cxperience poor mentsl health and well- being to become more resilient through a range of psycho-education. well-being support and developing social coThoections. the project also supports the development of psychological,. infonned enviromnenls. Mtrthyr Tydfil Cvdrers MTCBC Delivering th¢ Car¢rs STAR Project, a holistic approach to supporting carers with their caring role. Crlsts Fund A Fund to enable small crisis grants to peoplc exposed to significant hardship. This year th¢ money was spent on victims of flooding. Oak Founda¢lon This was a significant grant investment to assist in the development of resilience and psychologically infonned environments across hom¢l¢ss hostels. Conneelor Fund Fw)ded by Mind Grant, working in Partnership with Valley Steps to co-design community services - th¢ fijnd is designed to enhance organisational sustainability. MTCBC Re$identlal Reslllenee Project Conynissioned by MTCBC, supporting homeless people lo develop resilience in the face of adversity. Whole School Approach Funded by the ICF programme, delivering elements of Mind's Whole School Approach services to vulnerable children and young people. CF In Wale$ Imoney Matters) CF in Wales administered enhan¢¢ 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 Covid Response W¢lsh Government made further ￿ant investment in Community-based services to take pressure off the primary care health system. investment was awarded to the charity sector and administer¢d through local County Voluntary Councils to enhance community services ai this time of national crisis. Project SPEAK Provides suicide prevention awareness s¢ssions, professional education and counselling support for p¢opl¢ who have attempted suicide or lost loved ones lo suicide via th¢ following pathways: - community awar¢ne5s sessions at sports clubs. mens barbers, pub5, etc, about the signs to look for to recognise a friend. family member or ¢olleague at risk of suicide through a see, say si8npost pr¢sentation. professional training for social workers, social care workers, health professionals. advice workers, teachers ¢t¢ accredited by the National Centre for the Prevention of Suicide and Education UL - referral to our team of professional counsellors for fr¢¢ counselling Enhanced Resldential Resilience Page 28 continued... CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MER THYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 18. MOVEMENT tN FUNDS- contlnued The Residential Resilience Project provides a range of mentsl health and wellbeing activities for tenants living in local hostel provision and supported" accommodation via the following pathways: one to one coaching sessions, peer support sessions and - referral to our trauma iofonncd counselling services. Mums MAtter (RCTCBC) Mums matter is a Siructured 8-week course consisting of 2" hourly sessions for mums who are feeling low, stressed, ovenvhelmed. and anxious or having worrying thoughts and feelings. and are struggling with the transition to motherhood. The course is run by a local MIND practilioner and a mum with lived experience, wilh th¢ option of crèche facilities provided on site. Moondance Foundation This was a grant to support expanding ihe organisations work with the LGBTQ+ community. MTCBC Wellbelng GrAnt This grant was to provide a series of mental h¢alth w¢llbcin8 groups across Merthyr Tydfil. WCVA TSRF 2 Grant The WCVA TranSfOrn￿liOn Grant w35 to increase sustainability within the seclor. It enabled the fimding of a Marketing, Communications and Fundraising Manag¢r. This in tern enables the promotion of community fijndraising events, assist in the recruilmenl of tNstees, slaff and volunteers, and io enable the development of a ran8e of marketing materials to reach divervse communities. Henry Sn￿th (Advocacy Fund) This funding provides advocacy support for individuals experiencing serious nKntal health within secondary care services in MerthJT Tydfil, Rhonda Cynon Taf and Bridgend. Natlonal Lottery Communlty Fund {SAfeguarding Support) This funding is to conduci research, in parniership with the C￿n Taf Morgannwg Regional Safeguarding Board, to investigate how sui¢id¢ could be actively prevented in a diverse range of communities. Missing Middle Wales This fiJndin8 is for the delivery of an early intervention, facilitated self-help service, for children and young people, within a number of primary car¢ settin8s acr055 Bridgend, RCT and Merthyr. Carers Short BreAks Projeet {RIF) This funding provides an opportunity to allow car¢rs time for rest an'd recuperalion. knowing that caring for a loved one can be a highly demanding and a challenging responsibility, and that no one should have to go through alon¢. Wales And West Utilities Grant This funding aims to identify people accessing our services who are struggling with finance in a way which is affecting their mental health and wellbeing. With our relationship with local Citizens Advice, we can then. fasi-track people to ihem, for on-going advice, support and counselling. Garfield Western Foundation To provide funding to support core costs. mainly for th¢ the Chief Executive Office¢s role. Carers Trust Support Fund Wales (MTCBC) The Carers Trust Support Fund aims to work with th¢ community to identify those carers that are hard to reach due to their caring role and continue to offer them assessments in their own rights for a 'what matters to them. conversation to identify wbat their needs are. Pag¢ 29 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 2025 18. MOVEMENT IN FUNDS - contlnued For those carers that are in need of financial help due to the costwof-living crisis, we can help support them by offering financial relief from the direct reward grant. For those carers that are struggling socially and emotionally. we would invite th¢m to our local pe¢r-support group for guidhnce, friendship and support. The peer-support groups provide a 'short lemi break, for the carer to have their own r¢spit¢ from the individual that they support. tn order to recharge and enjoy (heir own free time. Knowing Me Knowlng Mind Grant- CounsellinrJKMKM Counselllng The Knowing Me Knowing Mind Counselling programme is a part of the wider KMKM Veterans, support service run by CTM Mind in partnership with Valley Veterans. 11 is funded by the Arn]ed Forces Covenant Fund for a period of 3 years. Using this grant, a trauma-infonned counsellor works 25 hours per w¢¢k, using Valley Veterans in Tonyyandy as basethub location. Th¢ ¢ouns¢llor reachcs out to other veterans, groups across the CTM region, using the convyections and relationships built through the Valley Veterans, hub. Veterans needing counselling support can refer themselves for a series of 12 counselllng sessions. The project aims to assess 70 veterans per year and provide them with 1-3 counselling sessions. of w￿,Ch 50 veterans p¢r year will complete a full counselling course of12 sessions. Th¢ project aims to create a positive shift in veterans, mental h¢alth and wellbeing. 19. EMPLOYEE BENEFIT OBLIGATIONS During the year the charity was committed to pay £49,443 2023: £50,546) to the employ¢¢s p¢nsion schemes. At the year end £7,399 {2023.. £4,419) contributions were unpaid. 20. RELATED PARTY DISCLOSURES TrAnsaetlon Type Related Party 2025 2024 Merthyr Tydfil County Borough Council Merthyr Tydfil County Borough Council Merthyr Tydfil County Borough Council merth￿ Tydfil County Borough Council Merthyr Tydfil College Income Debtor Crcdiior Expense Expense 7,000 15.374 5,124 146 107 The Chair of the charity, Clive Jone$ is a Councillor for Merthyr Tydfil County Borough Council. Th¢ Trustee Lisa Thomas is Principal and Chief Executive Offi¢¢r of MerthyT Tydfil College. 21. ULTIMATE CONTROLLING PARTY The Cbarity is controlled by Its directorsltrustees as di$closed within the Reference and Adminlstrative details in th¢ Trustee Report. Pa8e 30 nlinued.,, CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 22. G￿Ts IN KIND Volunteer Time The value of volunleer time is not quantified in ternis of mon¢y but th¢ tim¢ contribut¢d by volunl¢¢r3 is an invaluable resource in ternis of the outstanding contribution made by them. Tbe number of hours contributed by volunteers in the year was 947 (2024: 2,119). Page31 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MtND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants 10,036 134 45,600 7,426 18 137,112 55',770 144,556 Other tradlng activities Fundraising events Training 4,970 7,252 2.270 4,970 9,522 Investment income Deposit account interest 18,237 12,189 Charitable •ctivitie$ Charitable activity income 730,301 976,735 Total Incoming resource$ 809,278 1,143,002 EXPENDITURE Charltible aetlvltles Wages Pensions General Expenses 539,312 29.582 252,756 917,627 49.443 321.126 821,650 1,288,196 Support co$ts Mydnagement Wages Overheads 47,887 8,987 10,496 24,824 56,874 35,320 Flnance Wages Overheads 15,962 2.996 3,499 8,275 18,958 11,774 Human ruource$ Wages Carried forward 15,962 15,962 3,499 3,499 This page does not form part of the statutory financial slat¢m¢nts Page 32 CWM TAF MORGANNWG MIND PREVIOUSLY KNOWN AS MERTHYR AND THE VALLEYS MIND DETAILED STATEMENT OF FINANCIAL ACTIvrtlES FOR THE YEARENDED 31 MARCH 2025 2025 2024 Human resources Brought forward Overheads 15,962 2,996 3,499 8.275 18,958 11,774 Governanee costs Accountancy fees 7,292 9,959 Total resources expended 923,732 1,357,023 Net expenditure (114.454) (214,021) This page does not fonn part of the statutory financial statements Page 33