**REGISTERED COMPANY NUMBER: 06771937 (England and Wales) REGISTERED CHARITY NUMBER: 1128082**
## **REPORT OF THE TRUSTEES AND**
## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **FOR**
## **CAERPHILLY BOROUGH MIND**
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
**CAERPHILLY BOROUGH MIND**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**||6||
|**Notes to the Financial Statements**|7|to|18|
|**Detailed Statement of Financial Activities**|19|to|20|
## **CAERPHILLY BOROUGH MIND (REGISTERED NUMBER: 06771937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
The trustees who are also directors of the 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 Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The trustee report includes the directors' report as required by company law.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The Object of the charity is to provide guidance and support to individuals who have been affected by mental ill health. The service extends to their families and friends. Through time tabled activities the organisation offers an opportunity for individuals to develop social networks, build confidence and self esteem and learn new skills.
## **Public Benefit**
The Trustees are aware that the Charity has a responsibility under the Charities Act to demonstrate that it has charitable aims that meet the public benefit requirement and are therefore charitable. The Trustees confirm that they have had regard to the Charity Commission's guidance on public benefit and comply with s17 Charities Act 2011 in respect of having due regard to public benefit when considering, planning and implementing the activities of the charity.
Caerphilly Borough Mind helps people take control of their mental health. we do this by providing high quality information and advice, and campaigning to promote and protect good mental health for everyone.
## **ACHIEVEMENT AND PERFORMANCE**
## **Chairs report for 2023-24**
Over the year our staff numbers fluctuated due to changes in funding; however, our core staff team has remained constant for the past 3 years.
Our trustee team has remained stable and we continue to look for more volunteers with specific skill sets to strengthen the team.
We have made good progress with key initiatives aligned with the strategy finalised in early 2023 and continue to have a positive impact on those who use our services.
Therapeutic intervention is now established as part of our Tenancy team, and we have had received funding from Supporting People for the whole tenancy service for 2024-25.
We have also secured new funding from the National Lottery to continue our very successful 'My Whole Life' project for another 3 years, up to April 2027.
We continue to provide training for Public Health Wales and continue to deliver training to private organisations.
Our contract to provide counselling for ABUHB is secured up to April 2025 and we continue to provide placements for student counsellors as part of this service.
During the year over 1000 people within Caerphilly received support from Caerphilly Borough Mind, but we are aware that there are more people who need help. We continue to drive our mission to support everyone in Caerphilly Country Borough who experiences a mental health issue.
Thanks to the team for another strong performance this year, further advancing and stabilising our organisation for the future.
Page 1
## **CAERPHILLY BOROUGH MIND (REGISTERED NUMBER: 06771937) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **FINANCIAL REVIEW**
## **Principal funding sources**
During this period, the organisation's principal source of funding has been through a variety of grants. These include; Caerphilly County Borough Council, WCVA, Local and National Mind, Aneurin Bevan University Health Board, Moondance Foundation and the Big Lottery.
All expenditure has supported the organisations key objectives.
## **Reserves policy**
Due to the precarious nature of funding for not for profit organizations, the Trustees have established a formailsed reserve policy. For 23/24 this has been set as £162,225. Actual free reserves are very close to this target being £161,538. Every effort will be made to to secure additional funding in the upcoming year to again increase the levels further.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Caerphilly Borough Mind is a company limited by guarantee with no share capital. The organisation is governed by our Memorandum and Articles of Association (as amended on 2nd February 2016).
## **Recruitment and appointment of new trustees**
Trustee's are elected by the membership at our Annual General Meeting and are permitted to serve for 2 years before needing to stand for re-election.
New Trustees are invited to attend Trustee meetings and are guided through their role by their fellow Trustees. There are also opportunities to attend Mind Cymru events with Trustees from other Local Mind Associations (LMAs).
## **Organisational structure**
Caerphilly Borough Mind is governed by a Board of Trustees who are also the directors of Caerphilly Borough Mind. The board sets the strategic direction of the organisation and guides the Director of Operations (who is also the Company Secretary) to manage the day to day running of the charity. The board works through the Director of Operations to see that all the necessary rules, procedures and personnel are in place to ensure they can successfully implement the strategic plan. The Trustees aim to meet 12 times each year on the second Monday of every month.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have given consideration to the major risks which the charity is exposed and have satisfied themselves that systems or procedures are established in order to manage those risks.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
06771937 (England and Wales)
## **Registered Charity number**
1128082
## **Registered office**
36 Penallta Road Ystrad Mynach CF82 7AN
Page 2
**CAERPHILLY BOROUGH MIND (REGISTERED NUMBER: 06771937)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024**
## **Trustees**
Mrs M A Radford Chairperson Mrs C M Bezzina Mrs Y Parfitt Mrs A Clemens Treasurer from 3rd October 2022 Mrs S Clemens R Denton (appointed 8.5.23)
## Ms J Lawton - **Company Secretary and Director of Operations**
## **Independent Examiner**
R.I. Knoyle ACA FCCA Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
## **Bankers**
Lloyds TSB
## **INDEPENDENT EXAMINER**
A resolution to re-appoint the independent examiner, will be proposed at the Annual General Meeting.
Approved by order of the board of trustees on 26 September 2024 and signed on its behalf by:
Mrs M A Radford - Trustee
Page 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CAERPHILLY BOROUGH MIND**
## **Independent examiner's report to the trustees of Caerphilly Borough Mind ('the Company')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 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 confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R.I. Knoyle ACA FCCA
The Institute of Chartered Accountants in England and Wales
Baker Knoyle Chartered Accountants Orbit Business Centre Merthyr Tydfil CF48 1DL
26 September 2024
Page 4
**CAERPHILLY BOROUGH MIND**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
1,736
**Charitable activities**
Community Recovery Programme
-
Other trading activities
3
1,575
Investment income
4
3,731
Other income
3,612
**Total**
10,654
**EXPENDITURE ON**
**Charitable activities**
5
Community Recovery Programme
23,206
**NET INCOME/(EXPENDITURE)**
(12,552)
**Transfers between funds**
16
25,860
**Net movement in funds**
13,308
**RECONCILIATION OF FUNDS**
Total funds brought forward
261,944
**TOTAL FUNDS CARRIED FORWARD**
275,252|Restricted
funds
£
393,921
-
-
-
-
393,921
377,826
16,095
(25,860)
(9,765)
35,750
25,985|2024
Total
funds
£
395,657
-
1,575
3,731
3,612
404,575
401,032
3,543
-
3,543
297,694
301,237|2023
Total
funds
£
439,770
5,420
-
-
724
445,914
437,845
8,069
-
8,069
289,625
297,694|
|---|---|---|---|
The notes form part of these financial statements
Page 5
**CAERPHILLY BOROUGH MIND (REGISTERED NUMBER: 06771937)**
## **BALANCE SHEET 31 MARCH 2024**
|Notes
**FIXED ASSETS**
Tangible assets
12
**CURRENT ASSETS**
Debtors
13
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**NET ASSETS**
**FUNDS**
16
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|2024
£
113,715
9,919
189,429
199,348
(11,826)
187,522
301,237
301,237
275,253
25,984
301,237|2023
£
115,053
714
212,690
213,404
(30,763)
182,641
297,694
297,694
261,944
35,750
297,694|
|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 26 September 2024 and were signed on its behalf by:
M A Radford - Trustee
The notes form part of these financial statements
Page 6
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. 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 Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The organisation is a company, registered in England & Wales, limited by guarantee and a registered charity. The directors are the trustees and they form a board of trustees which sets the strategic direction of the charity and monitors the performance of the organisation against its goals. The aims and objectives and rules for governance are set out in the charitable company's Memorandum and Articles of Association.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement 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 grants, gifts or donation is included in full on receipt unless it is subject to a condition when it is treated as deferred income.
**Deferred income** : Income or grants received in advance are held as deferred income and carried forward to future accounting periods to be released when the defined purposes of the work or project have been completed, approved or certified.
**Gifts in Kind** are included in the income and expenditure account where they are applied in carrying out charitable activities, where the company would otherwise have to purchase the donated facility and the benefit is both quantifiable and material. the quantifiable benefit is shown as both incoming and expended resources within the appropriate funds. Where the gift is an asset it is treated as income and taken to stock or fixed assets as appropriate. The value of services provided by volunteers is not quantified.
**Investment income** is included when receivable.
**Trading income** is recognised when earned.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it 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 aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Expenditure includes any VAT which cannot be fully recovered.
**Costs of generating funds** include the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
continued...
Page 7
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **1. ACCOUNTING POLICIES - continued**
## **Expenditure**
**Charitable expenditure** comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes the costs that can be attributed directly to those activities and those costs of an indirect nature necessary to support them.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost Fixtures and fittings - 20% on cost Computer equipment - 33% on cost
Tangible fixed assets are included in the balance sheet at historic cost less accumulated depreciation. Grant receipts which fund fixed asset acquisitions are taken to restricted funds and the appropriate depreciation charge is made against those funds over the expected useful life of the asset.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Going concern**
Given the nature of the organisation, there are always concerns over future funding. However, the organisation is constantly pursuing alternative sources of funds and are confident that these funds will be identified and secured.
Given this, the financial statements have been prepared on a going concern basis.
## **Leased assets**
Fixed assets acquired under finance leases are included in the balance sheet at historic cost less accumulated depreciation. The present value of future rentals is shown as a liability. Interest payable in each period is charged as an expended resource in proportion to the amount outstanding under the lease. Operating lease rentals are charged as expended resources as incurred.
## **Debtors and creditors receivable/payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.
## **Ex-Gratia Termination Payment**
Termination benefits are payable when employment is terminated by the Charity before the normal retirement date, or whenever an employee accepts voluntary redundancy in exchange for these benefits. The Charity recognises termination benefits when it is demonstrably committed to either
(i) terminating the employment of current employees according to a detailed formal plan without possibility of withdrawal or (ii) providing termination benefits as a result of an offer made to encourage voluntary redundancy.
## **Funds Released to Partner Organisations**
Where the organisation is a "fund holder", funds are only released to partner organisations when it has been agreed that all project delivery aims have been achieved.
continued...
Page 8
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **2. DONATIONS AND LEGACIES**
|Donations
Grants
Grants received, included in the above, are as follows:
Aneurin Bevan University Health Board
Caerphilly CBC
National Lottery Awards For All
Mind (NAMH)
Big Lottery
Moondance Foundation
**3.**
**OTHER TRADING ACTIVITIES**
Training income
**4.**
**INVESTMENT INCOME**
Deposit account interest
**5.**
**CHARITABLE ACTIVITIES COSTS**
Community Recovery Programme|Direct
Costs
£
382,732|2024
£
1,735
393,922
395,657
2024
£
45,000
121,646
9,211
47,908
160,356
9,801
393,922
2024
£
1,575
2024
£
3,731
Support
costs (see
note 6)
£
18,300|2023
£
639
439,131
439,770
2023
£
112,790
114,289
-
56,183
155,869
-
439,131
2023
£
-
2023
£
-
Totals
£
401,032|
|---|---|---|---|
continued...
Page 9
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **6. SUPPORT COSTS**
|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|Information
Management
Finance
technology
£
£
£
Community Recovery Programme
7,243
6,187
794
Governance
Other
costs
Totals
£
£
£
Community Recovery Programme
38
4,038
18,300
**NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
2024
2023
£
£
Depreciation - owned assets
1,338
1,338
Other accountancy services
1,698
1,386
Independent examiners remuneration
2,340
2,340
**INDEPENDENT EXAMINERS' REMUNERATION**
2024
2023
£
£
Fees payable to the charity's Independent examiners
2,340
2,340|
|---|---|---|---|---|---|---|
|Fees payable to the charity's Independent examiners||||2024
£
2,340|||
## **7. NET INCOME/(EXPENDITURE)**
## **8. INDEPENDENT EXAMINERS' REMUNERATION**
Amounts payable to Independent Examiners in relation to payroll and pension administration services provided to the charity were £1,698 (2023: £1,386).
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
## **Trustees' expenses**
The trustee's did not receive any emoluments. Out of pocket expenses were reimbursed of £Nil (2023: £Nil).
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|2024
£
328,598
23,657
7,202
359,457|2023
£
305,614
21,541
6,494
333,649|
|---|---|---|
continued...
Page 10
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **10. STAFF COSTS - continued**
The average monthly number of employees during the year was as follows:
|Administration & Management
Charitable Projects|2024
2
12
14|2023
2
12
14|
|---|---|---|
No employees received emoluments in excess of £60,000.
There are no high paid staff.
The key management personnel of the charity comprise the Chief Executive Officer.The total employee benefits of the key personnel of the charity were £57,779 (2023:£55,816).
## **11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|Unrestricted
funds
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
638
**Charitable activities**
Community Recovery Programme
5,420
Other income
724
**Total**
6,782
**EXPENDITURE ON**
**Charitable activities**
Community Recovery Programme
12,494
**NET INCOME/(EXPENDITURE)**
(5,712)
**Transfers between funds**
28,601
**Net movement in funds**
22,889
**RECONCILIATION OF FUNDS**
Total funds brought forward
239,055
**TOTAL FUNDS CARRIED FORWARD**
261,944|Restricted
funds
£
439,132
-
-
439,132
425,351
13,781
(28,601)
(14,820)
50,570
35,750|Total
funds
£
439,770
5,420
724
445,914
437,845
8,069
-
8,069
289,625
297,694|
|---|---|---|
continued...
Page 11
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **12. TANGIBLE FIXED ASSETS**
|Fixtures
Freehold
and
property
fittings
£
£
**COST**
At 1 April 2023 and 31 March 2024
133,785
11,392
**DEPRECIATION**
At 1 April 2023
18,732
11,392
Charge for year
1,338
-
At 31 March 2024
20,070
11,392
**NET BOOK VALUE**
At 31 March 2024
113,715
-
At 31 March 2023
115,053
-
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors
Prepayments and accrued income
**14.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
Other creditors
Pension Creditor|Computer
equipment
£
7,250
7,250
-
7,250
-
-
2024
£
9,655
264
9,919
2024
£
317
7,296
2,800
1,413
11,826|Totals
£
152,427
37,374
1,338
38,712
113,715
115,053
2023
£
350
364
714
2023
£
154
6,375
22,965
1,269
30,763|
|---|---|---|
## **Deferred Income**
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 contribution was to the project as a whole, the time period of the project was fully disclosed to the contributing agencies and that time period is certain.
|**The deferred income carried forward is analysed as follows:**
Opening balance
Movement in the year
Deferred income carried forward|2024
£
-
-
-|2023
£
69,710
(69,710)
-|
|---|---|---|
continued...
Page 12
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Fixed Assets
Net Current Assets|Unrestricted
Funds
£
113,715
161,538
275,253|Restricted
Funds
£
-
25,984
25,984|2024Total
Funds
£
113,715
187,522
301,237|2023Total
Funds
£
115,053
182,641
297,694|
|---|---|---|---|---|
## **16. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Big Lottery (My Whole Life)
National Lottery Awards For All
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Home Sustainment Trust
Mind Growth Fund
BID 4 Suicide First Aid Training
Moondance Foundation
**TOTAL FUNDS**|At 1/4/23
£
146,891
115,053
261,944
2,020
-
4,857
3,612
22,184
446
2,631
-
-
35,750
297,694|Net
movement
in funds
£
(12,551)
-
(12,551)
(1,689)
3,253
6,751
1,267
4,334
500
(2,631)
2,608
1,701
16,094
3,543|Transfers
between
funds
£
27,198
(1,338)
25,860
-
(837)
(7,781)
(4,879)
(8,864)
-
-
(2,608)
(891)
(25,860)
-|At
31/3/24
£
161,538
113,715
275,253
331
2,416
3,827
-
17,654
946
-
-
810
25,984
301,237|
|---|---|---|---|---|
continued...
Page 13
## **CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery (My Whole Life)
National Lottery Awards For All
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Home Sustainment Trust
Mind Growth Fund
BID 4 Suicide First Aid Training
Moondance Foundation
**TOTAL FUNDS**|Incoming
resources
£
10,654
160,355
9,212
47,907
45,000
121,146
500
-
-
9,801
393,921
404,575|Resources
Movemen
expended
in funds
£
£
(23,205)
(12,551)
(162,044)
(1,689)
(5,959)
3,253
(41,156)
6,751
(43,733)
1,267
(116,812)
4,334
-
500
(2,631)
(2,631)
2,608
2,608
(8,100)
1,701
(377,827)
16,094
(401,032)
3,543|
|---|---|---|
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Big Lottery (My Whole Life)
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Home Sustainment Trust
Mind Growth Fund
BID 4 Suicide First Aid Training
**TOTAL FUNDS**|At 1/4/22
£
122,664
116,391
239,055
2,005
5,602
-
24,195
446
1,637
16,685
50,570
289,625|Net
movement
in funds
£
(5,712)
-
(5,712)
15
4,197
9,482
6,853
-
994
(7,760)
13,781
8,069|Transfers
between
funds
£
29,939
(1,338)
28,601
-
(4,942)
(5,870)
(8,864)
-
-
(8,925)
(28,601)
-|At
31/3/23
£
146,891
115,053
261,944
2,020
4,857
3,612
22,184
446
2,631
-
35,750
297,694|
|---|---|---|---|---|
continued...
Page 14
## **CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery (My Whole Life)
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Mind Growth Fund
BID 4 Suicide First Aid Training
**TOTAL FUNDS**|Incoming
resources
£
6,782
155,868
55,190
45,000
114,289
994
67,791
439,132
445,914|Resources
Movemen
expended
in funds
£
£
(12,494)
(5,712)
(155,853)
15
(50,993)
4,197
(35,518)
9,482
(107,436)
6,853
-
994
(75,551)
(7,760)
(425,351)
13,781
(437,845)
8,069|
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Fund
**Restricted funds**
Big Lottery (My Whole Life)
National Lottery Awards For All
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Home Sustainment Trust
Mind Growth Fund
BID 4 Suicide First Aid Training
Moondance Foundation
**TOTAL FUNDS**|At 1/4/22
£
122,664
116,391
239,055
2,005
-
5,602
-
24,195
446
1,637
16,685
-
50,570
289,625|Net
movement
in funds
£
(18,263)
-
(18,263)
(1,674)
3,253
10,948
10,749
11,187
500
(1,637)
(5,152)
1,701
29,875
11,612|Transfers
between
funds
£
57,137
(2,676)
54,461
-
(837)
(12,723)
(10,749)
(17,728)
-
-
(11,533)
(891)
(54,461)
-|At
31/3/24
£
161,538
113,715
275,253
331
2,416
3,827
-
17,654
946
-
-
810
25,984
301,237|
|---|---|---|---|---|
continued...
Page 15
## **CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Big Lottery (My Whole Life)
National Lottery Awards For All
Active Monitoring
Aneurin Bevan University Health Board
(Counselling)
Supporting People Project
Home Sustainment Trust
Mind Growth Fund
BID 4 Suicide First Aid Training
Moondance Foundation
**TOTAL FUNDS**
**Funds**|Incoming
resources
£
17,436
316,223
9,212
103,097
90,000
235,435
500
994
67,791
9,801
833,053
850,489|Resources
Movement
expended
in funds
£
£
(35,699)
(18,263)
(317,897)
(1,674)
(5,959)
3,253
(92,149)
10,948
(79,251)
10,749
(224,248)
11,187
-
500
(2,631)
(1,637)
(72,943)
(5,152)
(8,100)
1,701
(803,178)
29,875
(838,877)
11,612|
|---|---|---|
## **Restricted funds**
Restricted funds represent balances held to fund future projects where the resources have been received and are required by the donors to fund a specific project.
## **Transfers between funds**
Transfers between funds arise where unrestricted funds have been used to fund shortfalls in restricted projects. The free reserves are available to provide funds to cashflow projects funded on a retrospective basis and are available with the approval of the trustees 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 stated in the Trustee Report.
During the year, the trustees decided that previously held designated unrestricted funds were no longer needed to be identified separately and so a transfer was made to release those funds back to General Reserves.
## **Designated funds**
Designated funds represent the amounts set aside to write down the remaining net book value of fixed assets held against unrestricted funds.
## **Activities undertaken within each major restricted fund**
The restricted funds of the charity have been applied during the year or are held for future expenditure in the following area:
## **Supporting People**
The CCBC Supporting People Programme has the primary aim to deliver housing related support to people with low level mental health issues.
## **Home Sustainment Trust**
This small fund is provided to enable staff to purchase needed items for individuals when setting up their first tenancy.
continued...
Page 16
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **16. MOVEMENT IN FUNDS - continued**
## **Funds - continued**
## **Mind Growth Fund**
This funding is for a range of development initiatives that will enable the organisation to develop a long term plan for growing diversified funding streams making us less reliant on funding on the local Health Board whilst increasing on beneficiary reach.
## **Active Monitoring WCVA**
In partnership with Mind Cymru and Local Minds in Wales Active Monitoring provides one to one telephone support to individuals to help address mild to moderate mental well-being issues. Each participant receives 7 weekly telephone appointments.
## **Big Lottery (My Whole Life)**
This 3 year project offers individuals who live in Caerphilly Borough a holistic approach to their mental health. The project includes intervention with a well-being worker, counselling, activities and support to access external interventions.
## **Aneurin Bevan University Health Board (Counselling)**
Caerphilly Borough Mind is commissioned by ABUHB to deliver counselling to individuals identified by the Primary Care Mental Health Team as being suitable for this intervention. The organisation employs 1 full time qualified counsellor and engages with placement counsellors who are students who need 100 hours practice to achieve their qualifications.
## **BID 4 Suicide First Aid Training**
Caerphilly Borough Mind has been commissioned by Public Health Wales to deliver 22 SFA Lite and 22 SFA USI courses within Caerphilly Borough and manage the finances and delivery of further courses delivered by other providers across Gwent. All SFA Tutors liaise with our trainer who will manage the project and monitor delivery - this includes the submission of invoices to our finance department for payment. She also manages a tutor's network for support and sharing experience/advice.
## **Moondance Foundation**
To fund part time wage costs to enable the organisation to market its services to the community.
## **National Lottery Awards for All**
Funding for the 'Being there - growing our social media presence' project.
## **17. RELATED PARTY DISCLOSURES**
The Company Secretary and Director of Operation's step daughter is employed by the charity. She was paid at rates commensurate with her position and in line with other members of staff. The appointment process was open and at arms length and the Trustees were fully informed of the relationship before the appointment.
continued...
Page 17
**CAERPHILLY BOROUGH MIND**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024**
## **18. ULTIMATE CONTROLLING PARTY**
The ultimate controlling party is the Board of Trustees.
## **19. GIFTS IN KIND**
## **Volunteer time**
The value of volunteer time is not quantified in terms of money but the time contributed by volunteers is an invaluable resource in terms of the outstanding contribution made by them. The number of hours contributed by volunteers in the year was x,xxx (2023: 1,110).
## **20. ANALYSIS OF DESIGNATED FUNDS**
Designated funds represents the amounts set aside to write down the remaining net book value of fixed assets held against unrestricted funds.
|Unamortised fixed assets
Designated funds|2024
£
113,715
113,715|2023
£
115,053
115,053|
|---|---|---|
Page 18
**CAERPHILLY BOROUGH MIND**
**DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Grants
**Other trading activities**
Training income
**Investment income**
Deposit account interest
**Charitable activities**
Community Recovery Programme
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Social security
Pensions
Other costs
**Support costs**
**Management**
Wages
Social security
Pensions
**Finance**
Wages
Freehold property
**Information technology**
Computer consumables
**Other**
Overheads|2024
£
1,735
393,922
395,657
1,575
3,731
-
3,612
404,575
317,439
22,894
7,032
35,367
382,732
6,310
763
170
7,243
4,849
1,338
6,187
794
38|2023
£
639
439,131
439,770
-
-
5,420
724
445,914
298,518
21,099
6,398
98,821
424,836
2,628
442
96
3,166
4,468
1,338
5,806
-
111|
|---|---|---|
This page does not form part of the statutory financial statements
Page 19
**CAERPHILLY BOROUGH MIND**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**Other**
**Governance costs**
Independent examiners remuneration
Payroll & pension administration
Total resources expended
**Net income**|2024
£
2,340
1,698
4,038
401,032
3,543|2023
£
2,540
1,386
3,926
437,845
8,069|
|---|---|---|
This page does not form part of the statutory financial statements
Page 20