REGISTF.RF.D cO1PANI Y liLMBF.R- 08521406 (F,n(Wlad and Il'Jles) REGISTTr:RED CFIARITY NUfvIBLR: 1157041 Report of the Trustees and Fingncial Statements ror the Year Ended 31 MaTeh 2024 for Vembrokeshire and Carmarthen illind Ltd Ashlnolc and Co. Chartrred Certified ACCOUnnts and Statuiorv Auditors WillidTn)ton HDu%c 7 Goal Streei Haverf0rd.c5t Pcmbrokcshire SA61 IPX Ashmolg & Co.
Penibrokeshire 2nd C8rmarthen Mind Ltd Contellts of the Financial Statements lor the l'ear Endcd 31 Mi arch 2024 Pa%e Reference and Admini5tratii'e Dctai15 Rcport of ihe Trustees 2 to 12 Report of the IndependeDt Auditors 13 to 15 Statement of Financial A¢livities 16 Balance Sheet 17 to 18 Cash Fliiw .Statement 19 Note5 lo the Financial Statements ?0 to 30 Dvtailed Statement of Fin8neial Actii'ities 31 to 32
Pembroktshire and Carmarthen Mind Ltd Reference Ad11StraIl5'e Details for the Year Ended 31 I1arch 2024 TRUSTEES Mi R 14 Rastall - Acting Treasurer (resi£ned 6.1 ?.2i) Mr S E--letchLr- Chairnian {rcsigncd 6.12.23) 1rs H l.- A krdncis Mi D H Llo%d Mr5 K A .l.ladden Mr5 A Little {appointcd 1.4.2i) Mr P DaleS (appointed 1.4.?3) Cllr R SinnLlt (appointed 16.5.23} ir R Buckley (appointed 16.8.2J) COMPANY SECRETARY MS-I. Price RF.GISTERED OFFICE 2 Perrois Road Hai'erfordwest Peinbrnk¥ihire SA612Hf) REC:IS'I'ERTr:I) C."nMPANY NUMBER 08.5?1406 {En(vland and Wales) REGISTF.RED CHARITY .YIJMB Tr:RI157041 AUI)ITURS Ashmole and Co. Chartered Ccnified Accountdinls dnd Stdtutory Auditors IA'illiatnston Ilouse 7 (ioai Sireet Hai'Lrfi)rdie%i Pcmbrok-cshire SA61 IPX BAP'KERS Unl1 Trus1 Bank 9 Brindl¢y Pla¢¢ Birniingham Paee I
Ptmbrokeshire and Carmarthen Mind Ltd (Registered number: 08521406) Report of tbe Trustees ltsr the Year Ended 31 March 2024 Thc trustCLS i¥ho dre dlso directors of thc charity foi Ihc purp05L5 vf ihc Comp(IlliC5 Act 2006. pre8ent iheir report with ihL financial sldtcnicnts ol the charity for the vear ended JI Nlarch ?0?4. Tlie tru.%tees liae adoi)ted tlie proi'isioiis or ALcouniEng and Reportinu b!, Chariries- Staiement olllecommended Praciice applicable to charities preparing their accounts in dccordance M'ith thc Financial Reportino Siandard applicable iIi rhe UK and Kepublic of Irelai)d {FRS I O?) (effectivc I Jai)uaiv 2019). Page 2
Pcmbri>ke4hirt dnd Carmarthen fvlind Ltd (Registered number: 08i21406) Report ol the Truslees for the Year Ended 31 March 2024 OBJF.C.TIVES Ah'D ACTIVITIES Pembrokeshire and Carmarthcn Mind Limited ivorks for a hetter life far everyon¢ wilh dirccl (Trr indirecl experience of TnLnial health problems. W¢ promote a POSiTive auiwde to mental. emotional and phSICal ivellbeing. W'e do this bj.: Lisiening to ihL view%. n¢Lds and aTnbilions of scn'icc users and carers ivhich influence5 everJ1hin(F wc do. Pruviding a range ot. hiuh quality,. easily accc55ible. pcrsorl CLntr¢d sCTh'iLL"5 1th knOlL&t"dh]e. tnutiV4tLd st4ff and commiltcd i'oluntccrs. Bv raisino awarcniS5 and promoting understandinn with up to date inforniation we ii'ill create a better inforn]ed W'est Iwales thu5 reducing discrimination. 'orking 10 suppon people in iheir rcLOI'"cr)', lo build resiliLncc dnd io mdinldill SVL.IlbLinu Our siipport prevenls adTniSSiOn tu h05pilal. cmpom'crs people to build resiliencc. maintain indcpciidcncc and bc aclivc citi£cns in thcir communities. SIC.PlFICA.YT ACTIVITIES BLlow arc the actii'ities undertaken in order to cam- out ihe Charitv's aim for the public benefit. This section also includcs some ot Ihe impacts and achieNemen(s. 'I"hc Iru5lccs h¢lVC rcferr¥d io ihc guidanL¥ LDnlain¢d in ihe Charii}' Commission's general ouidai)ce 011 public benefit iN'hen reviewing our aims and objeciives and in planning our future aciivities. Pembrukeshire and Cannilrthen Mind is proud to continu¢ to proi'ide support digilally, face to face, bs.. appoinlTncnl and cnicially via our commuThif)' drop ins ensurino people are able 10 access support iihen the%. need it and iii the Nvav they prefer. W'e 12re Slill seLino PL'opIL" dffcLLcd bv COVJD-19 'hO conlinuc lo cxpcricncc Socidl dnxicly, lunclinLSS and isol?L lion as i%'cll ILrm dcprcssion caused by lonu COVID. Cost of livinu ias been a rcal concem for people Lhis yLar affecting ,hO havl nevcr cxpcricnced aniiel), before. In ?02i12024 Pembrokeshire aiid Carmanhen fvlind 5UPPOrtcd .677 individuals. Active Monitoringl Supported Self Help Whai is ALtii'L M0)nitorin Supportcd Sclfhelp dnd hos¥. does it ll"urk? Activc Monitoring isa psycho education self lielp prooramme. It helps people to be Inore in coi)trol of tl)eir thoughts and feelings. Li is a 6-iieek guided self-help program, and is aimed at people 14.ith mild to moderate mental health problems. The aims of thL ser¥'iLc arc ID dciclop d personal tool kit of resources for clienis to improN'e and maintain their tnentiil ivcllbcinu li 1% & rLinotL 8LfvicL, su is dLlivLrcd ovcr (he ielcphonL, virtual plailorni or il this n]cLts ihc vcLd5 of IhL indi¥'idual in person, and il 1% fTCC. It Uses recoonised measures ihai enable clienis to see how the). are doing. I'hc GAD 7 ques1ionnairL dround dn%iclJ, Ihc PHQ9 quislionnairc around low mood and ihc Warw'ick -LdinburEh 1Lnlal wcllheing %ealL" (WI-"M IV14%}- which 15 around ucncrdl i%"cllbcing. OvLr 900/0 of all client5 completingT the progranune had improvements in all of the scales. We h<ive proN'ided Children and young pcoplc i¥iih Aclivc Moniioring. Il's i'ery much youn£ person led. A trusted cldult n)usl attend the assessiiient session with thetn and theii the )'ouno persoii can choose ivhether their trusted adult is involved in their five wellbcing sessions. This trusted adult must be the 5amc pcrson ihroughout all ihe sessions, which are alM'ays face io racc. Over 90010 of IhoSL dCLes5ing the pro(Tdmme had improved SDQ Scores. -fhL %ITLll'Tths and Diniculiitys QuLstionnairL (SDQ} is a 25-it¢Tn measurc designed io assess behavi05, en]olions. and ielalion5hips. Thcy ¢1150 h<id irnprov¥d wcllbein scores after the interl'enlion by over 90/0. C.arer8 Supp(Trrt Service
Pembrokeshire ynd Carmarthen Ilind Ltd (Registtred number: 08521406) Report of the Tru.4tces ror ihe Ye2r Ended 31 March 2024 Our Carers Project proi'idc% a specialist service for Carers of people with mental healih issues. We offer praciical support 8uLh as making dnd allending appointments, l-l support sessions ai a place of thL Cartyrn ch(?i¢¢: iel¥phiin¥ %uppurf, moi)thl& lunch or actiN'izi' al various locaiions. Thc 5crviLe faciliiatcs boih a safe space for Carers to discLJSS openl!, ¥vith iheir peers. relieving social isolation_ giv¢s CÈWCIS an opportunit} to Irv somethino nem, and to have some ft]n too. Carers 11)0 acccsscd support sa!, it is vital in enablinLy LhLTn Io LuntinuL lo carc fcTrr thcir loi'ed ones. Thi5 )'ear as a Carer Aare organisaiion M'c hawc madc great strides io¥i'ards our Ini'esiors in Carers 13ronze Award. Mind P¥Jnbrokeshire Lid supports the principles that underpin Ihe PembroLeshire Carers Straiegy which saj's ihat-. Carers ivill bc trLatLd ivith dignil! Lind respect Carcr5 will hai'c acLes.s to the seri.'ices ihev need lo suppon them in their caring rolc Carcr% M'ill bc ablc to haN'e a life of Iheir 0,n L.arers M'ill noi be forced into linancial hardship by. Iheir caring rolc Carers will be supporlcd to sta} nientall), and phN'sically M'cll Lhildren and }'oun¥ pcoplc will be protected from inappropriare carino roles VL will continue to fight for Carers and iheir righis as "t11 ds providc thc support ihey lell us ihcy nLcd. Carmarthenshire PreTrentative Sen'ice ?02312024 bcen thL fir%t v¢ar c?r prolding the c.onnect Carniartheiishires Preveiitcltive Service. 'l-lie ethos is that 'Life is for Lii'inu Icts start. lii.'e and age 'ell in a healih)., safe and prosperous environmcnl. Mle hai'e provided drop ins for people cxpcricncing InenTal healrh concerns across Nlurth and W'est Cdrmarthcnshirc 'll funding providcd b!, Cartnarthcnshirc Q.ounlN Council and thL Regional Intcgraiion Fund. Thc 5CfVICC 15 ca5ilN" accc5scd, providcs support, one to onc and in groups, tace to fale, di. jially and on ihe phone. W'e provide up to date information and guidance and mosl importantly the 5eri'ice is co produced w'ith citizens who hai'e lii.Ld Lxperiencc of¥nLnial hLalth concLrns. We ivork with a grollp af dLILV¢ry' Pdnners and leads thdt enable us to siunpost to others that hdlle expertise in other areas. Nacro and Pobl. A(Fe Cymru. Dvfcd. NILnLdP.. Adferiad for exaTnple. As well .1$ oiir partner aoencies 't have forocd slrong relationships M'iih cxtcrnal businesses such as Tcsco iyho donalc food for our ciiizens and coininui)jtV (Trroup4_ Edrlv Interi'ention and Employment Specialist Stn'icc In partnership w'ith our HJThi'el Dda University. Health Board colleagues in the Earlv Intervention Ps)'cliosi.s 'l'eain, Ihis service provides adolescents and young adult5 betw'ecn 14-3) K'cars ofagc isho arc cxpcricncing a first cpisodc of psl'chosis support io rerurn 10 employment. Iraininv or cducation. The support offered to youno people is tailored 10 ihL individual_ BLIow is some i)f the wi)rL underiaken. Support wilh Job Cenire Meetings CV Advice and Suppon io complete. SuppÉ)rt ta applN far joh%_ Intcrvicw prcparation Suppon wilh 'orkplaCe tasiers. Mediation and negotiation Mij(h emplovcrs. 14IiiLfils JldviLC Support to acccss cducation and iraining. Ilelping others to understand the challenges the l'oung person faces. BreaLing doK%'n biirriLrs. RLduLing sliima dnd disLrimination Evening Service- Sanetuary Page 4
Pcmhrnktshire and Cdrmarlhen .Mind l.td {Registered nllrnber". 08521406) Report of the Trustees for the Year F.nded 31 March 2024 'I'he sanctuary. 1% an out c?f hour5 drop-in service providing support to those who are experiencino or at risk of eiperiencing. a menial healih crisis. In this )'ear the Sanctuary. has exiended the day.s we are open to include Thursdays and .%0 ive are able to oftcr support Thursdav. Trridai,. Saturdav and SundaJ' evcninu5 bcts¥ccn 6pm and ?am. ThL sefiiicL provides one to on¢ support over the phone: digitally and face (o fdcc. Wc hold group WOT4(5hops that arc dcsi£ncd to build resilicncc, Lriving hinis, lips and iriLks (D usc whcn niottients of paniL ()[ dnxi¢(N vccur. arc strug&'lincF Iv slecp c)r niotivate our5clvts. We ivork wi(h the I I l Oplivn 2 Call scrvice to try.. to avoid A7F. visits or hospital admission. Elousing Project In this )'ear ivc have continued to provide our support undcr the Supportcd Lii'ing Framcwork. Our tenanc). relatcd support 14"'dS pruvidLd in the community. in our two supported communiry houses that M'e manaoe and our 2 single occupancv flats. The projecl continues to provide a llexible pcripatclic scrvicc offLring low io medium level Support. The suppi)rt endblLs individuals to livc indcpcndcntly M'ithin their 0i4'n ten4tnLI dLvrLLmcnt. IndIldual5 havc reccii'cd support to niaintain their ILnanLI¥S d5 well improvo Iheir quali(>' of life and enhance Iheir opportunities. Thc numbcr of hours and thc comp1c.x1t of individu<ils nL'Lds have iiicrea.sed dran)aticall%' as has ihe w'a). referrals are 'I'h¢ priorilj. Is Ihd1 P¥L)pl¢ r¢inain indcp¢ndcnl, in their oM-'n homes leadino satisfying Iivr5 an(1 ¥"cr%' impurtdntl}' uul u1-hosp1l. We have also providcd some drop in support froTll our L¢Titrc In Mc}rick Str¢ct, PcTnbrokc r)VLk. Mum.% Matter Mums Matter is a service for women who lire e%pcriencin2 mental hcalth challenges during the perinatal period - prcgnancj, lo whcn LhL' child is 2 years old. Mums Matter is a free 8 Il'eek progrdmme thal aiin.% ta support mum% io inanage eveTr dav, nurturc ihem%elve.q and di%pel the man) myths of moiherhood. Sessions arL pro&'idcd wcck-IN' and cnablcs mums to= Meet otlier Inuttis in a rel4iXLd (Ind Iricndl), cnvironmcnt i¥hcihcr %'irtuall%' or face to fa¢¢ l'ou arc nol alon¢. Learn Inethods to help mana(v¢ tn¢ntal h¢alih anil ivLllbLinL. Identify tool and glralegie5 to nurture iheniselves. Prdclicc techniques that dram, on CR T Principle5 lo challengc and managc thought processes. This 15 a uroiip prooramme. small groupg up to 8 Vith M'Lckl)' chcck in5 from our lacilitators. In ihi5 ycar all of ihc tnuTn5 accessii)g the prograiiiine had iinpri)ved ivellh¢ingy SLofLS. P4TJ The Partners for the Journey Prijjecl 1% d Lvllabvrdliv¢ prcTrj¢Lt bclm'ccn P¢rnbrokc5hir¢ Mind and cilii.cns AdviLc Pcmbrokeshirc and fijnded by the North and South Peinbrokeshire clusters. The project sel out lo support GP'S and oil)er PrimaTr HLalth Cdrc scrvicc uscrs. w'ho had underlvino non-medical needs ati(L.'or low-lei'el mental healTh. to deal with a rang¢ ol i55U¢5 ensurino Ihdt l.lealth Care staff could concenlrate iheir time '][h thosc patients on relevant healih issues. In addition to the positive impacis for %iaff. Pdlicnts and bcncficiarics of Primary Caic scrviccs thc Icarning and dcvelopmcnt opportunity Ihis has provided for Cili£cns Advicc Pcmbrokc5hirc and Mind Pcmbrokcshiri has bccll rcallsw valucd. Both organi_qatiuns hdV¢ b¢Ln ablL' lo ILam Irum edch others svslems: pri7ces5es and Havs ol" working. The hds enabled tedms to provide seamless and con.9i8lent SUPPUrt lo pcople. The oirtanisations arc conlinuallN' itnproving the M'ay Partners for the journL is delivered across Pembrokeshire: and ihanks to the Clusters funding we believe this is iiovv a SLI'vice tcmplatc that coiild be scaled up, increasing ilie reach and posi11.e impacis for people and organisaiions across Hw.el Dda Unii'ersily Healtli Bnard.% fouiprini. WcllbLin¥ ian be affected b). underly"in(r i%"orries and aletIeS as iell as b). loneliness. isolation, ai)d a lack of sUPPOrt. The ribin¥ cost of lil'ini? is creattng more prcssurcs and can oJcatlv affccl mcntal hcalth so, it has bccn cxtrcincl}' rcw'arding to bc able to delii'cr a SL Th'icc at a time when it's been most nLeded. 11 Partners for the Journes being iible ti) provide the support and Ihe practical advict that peuplc nccd to help resolve issues and io improve wcll-bein(y Page 5
Pembrokeshirc and Carmarthen Mind Ltd (Registered number: 08521406)
Report of the Trustees
for th¢ Year Ended 31 ]¥larch 2024
Pembrokcshire Mind can provide a range of thLrapeutic interventions that 111 irnprov¢ the individuals niental and emotional
wellbeing and build re.%ili¢nLe. -rhi5 illLludes one to one M'ellbeing coni'ersations. services such as Aciive Moniioriiigl
Supported SLlf Help - six sc55ions usino coonilive beliavioural strategies, 8 M'eeks to well being - eioht scssions on building
resilicncc. dnd Roots To Recoverk, assLSS
Pembroke5hire and Carmarihen Mind Lid (Rexistered number: 08521406) Report ofthe Truslees ror the Ye3r Ended 31 March 2024 FINANCIAL KTr:VIF,W Reseri'es policTr' The Trustects have examined the charity's requirements for reserwcs in light of the main risks of the oroanisation. It hd5 e51dblished a policv ii,hereb)' Ihe unrestricled free reserves ii'hich are not commillcd or invesicd in lanoiblc fixcd asscts held b), rlie charity shi)uld loial al least 3 monrhs of expendiiure K%'hile w'orking ioivards buildinu up to 6 months of expLndilure. This oiN'es the charity the fleiibil jtii to cover temporarv timing differ¢nccs uf fundingF dndior a %udden decline in incumL and ensures that rhe commilTnLnts of proiiidin(y s¢r¥iccs in Lhc fortn of contractual commitrients to staff, preinises dnd ke), stakeholders are met and to covcr emergen¢y repairs to rhe cenrre. ThL prcsent l¥vel ol free reseeS available to ihe charit. of £2i8.553 cquate5 to 2.75 months expenditure based on the accounts for ihe year endcd i I st March ?0?4. b'U"I'UKE DF.VELOPTrIENTS The chdrity, plans Continuin and developin2 the activities uuilined abo¥'L in ihc forthLDming ycdrs subject to saiisfactory rundinu aan<TreMents. Priorities for ?0241?025 i¥ill bc". Coniinutr io provide a ranoe ofSLrvices. delii'ered in Inultiple w7ys - face to face, phone, online and video confcrLtILing, Ihdt cndble and empnM'LF Tndi¥'idua15 to live 11 and aciive lii'es iihin our Lommunity ("niitinuL lo dLliver mental health suppofl io pcoplc in rurdl communities_ Crcdte ddditioiial opportunities fnr pcnplL lo participale and oei involiied in plannino Renovate the front of thc buildin¥ in CaTmarthen. Develop a service tor R¢fugees (d Asylum seekers utilising Mind CJranls_ Wnrk lu idLntily M'here there are oaps in ser%'ice proi'isiur) and tTh' lo meet that nccd. Rcviei the Memorandun) of l.1ider%tandin¥ dL¥'clopcd in this e, Hork alongside local Minds in AberysN}1h and Llanelli to make ihe most of our slrenoths acros5 H}i¥cl Dda Universits, Health Board. Iiiiproving opportunities for penple '1th mcntal hcdlth nceds, increastng our reach and sharing good practicc and resources 'here we can. IrnpruvL thL. fdCiL de of the biiilding. Continue to monitor and eNaluaiL iTruT s¢r¥"ilL'S and meet Mind5 Qualit%. Mark standards M,hilst investigaiing other Quality FramelOrkS l.ook ai 'a}IS ofdiversih'ing our fijnding sireams - susiainablc funding bcing a priorily Loniinue ti) 5trL'nglhcn the Board of Trustees Complete Investors in carers Bronze Aii'ard ld be able to evidence Io Lar¢r5 LVFnry1155iOn that is'e are carer aivare and tlieii 'ork iowards Silver. developin¢y and delii'ering services STRUCTURE, GOVERNANCE AND MAN'AGF.N1F.NT Goi'crning doLument 'I'hL ¢harilJ is Lonlrollcd b). its goveniing document, a deed ofirusi, and LOnStitutCS d IiTllitcd conipany. limilcd b). guai'antec, ds deliii¢d by the Companies Aci 2006. Mind Pembrokeshire Ltd ig a re(Nistered chartlv. Ttuvnber 1157041 reoistered iyirh tlie Charit5, Cominission on 14 May 1014. 'I'he charit) s govLrninu document ig it5 c.onstitution. The accounts complN" Ivith the governing document. Charilv Coniniis.sioii The -I'ruslccs havL riitsard for Ihe Charil) Cottmiissions guidance on Public Benefit and ensure that the Charitie£ purpose and aetivity is.. ¥ bLnLticial cali be eijidenced bcnLfils a 'suflicieni seciion. of Ihc public. Page 7
PeJnbroke5hire and Carmarlhcn Mind Ltd (Registered nutnber: 08521406) Report of the Trustees IOT the Year Ended 31 March 2024 STRUCTIIRF, GOVERliANCF. AND MAINAGEMENT Organi5ational structure Pembrokesliirc and Carmarthen fvlind 15 ¢in indcpcndent local charih,, M.'hich is affiliated to National Mind and Mind C}'mru. 11.'e hae adDptcd ihe Mind brand u,hich means that ive adhere to the corporakL br(Lnding p(IliLy dnd Minds, ci)mmunity partnership aurcement, which enhances Local Minds. relaiioftship Ki'iih .Mind. Th¢ charitr).. has a Board of Trustees M'"itli up to 12 member.£ thai mee1% bi-mi)nihly and is rc5pon5iblc fur lh¢ stralc¥ic dirccfion and policy of Ihe charily. -I'hL TrustCC5 also meei as iask and finish oJoups w'hen a specific piece of ivork needs to be iindertakeii. We Mill submii 10 Minds- Quality Rcle% Team to ensure M'e meei the standards for our affiliation. P¢inbFukcshirL dnd Carniarthtn Imind r¢uvi7nise5 Ihe contribution it5 5'olunieers make and celebrate their conlribution both at the AC,M a% M'cll as dn annudl thank }'ou actiN'iry'. Currently the dav_lo-da! rLsponsibilii)' for the provision of seri'ices rest ivith ihc Chicf F.xcculiN'c. Thc Chicf Ixccutive is responsible for eiisurino thL Lharit!." dclii'ers the serN'ic&q specified. il'ith funding lo maich and that key performancc indicators arc mct, as well as on(yoin Pclsonal support and sk-ills developinent for Ihe su)all staff leam and coiiimitted volunteer Icam and cnsuring oood working practices. Reeruitment and appojintrnent of nem. triistees Vc havc looked ai Ihc lenure of Tiustees and to ensure ive coniinue to enllance ivhat we do, develop to meet ihe need% nf tiur cvcr-changinn community. and be sustainablc for the future as an Oran]SatiOn, truslces M'ill be clcclcd for a threL (J) yLar term. Duc to the natur¢ of th¢ work undertaken bN' the organisation, the trusiees seek to ensure Ihat the needs of Ilie communii), it servcs arc appropriatel}, reflecied rhrough Ihe div¢rsil!' uf ihc -l-rustec bodv. To cnhancc thc potcntial pool of Trustccs ilic Lhdrity uses irs neTh¥'orks. uscr and carcr groups to identifv. those who w'ould be willing iu bcLoTllL niitnbcr5 dnd U5L their experience to asbisi rhe charity as a Trustee. Trustees '1th skill% in bcalih, social care and quality, processes are represented on Ihe board. kinding nei%. -] ruslLLS 15 a LoriLLrn across ihe UK as the responsibililics arL illLrcasin¥ (ind nioru lask and finish 'ork is required to keep up '1th chanucb in IcgTal and regulator). requirement - staff rLns11In% and wa¥L5 for cxaTnple. In an clfort lo maintain ihi5 broad skill mix trustees are requested to provide an updaied personal profile annuallN' and where ski115 or expcrience are lackinu we ttTr' to recruii accordinolN'. In the event of a pani¢ul£W skill being losi io reiirements or resionations: indii'iduals are approached to offer them%LIvL5 fur clcLLion to the Trustee board. W'e ivill cot)iinue to work ioii'ards improiing our callcr ini'olvenicni and participaiion in the goveTnance, plannino development and deli¥'erKi iJf%LfvicL%.
Pcmbroktshire and Carmarthen Mind Ltd {Regislered number: 08i21406) Report of the Trust¢¢S ffrr the Year Ended 31 March 2024 STRUCTLRE, GOVERNAP*CE A.YD MAf%AGEMENT Induction and training of ncw trustees -1 ru5t¢Cs arc fdTnilidr ivitli the practical Ivork of the charilv ¢ind Lunlinu¥ lu suppurt IhL dims dnd ubjLLlivcs by laking parl in mdny uf th¢ 'g7et togetliers. and orkshops. Il'e have continuvd 10 5lrengihen this with '( ru51L"cs mcclinc7 1th lJcncfiLiaric5 in our Resource centres io oei fir51 hand knowledge of the Challene$ faced and whal caJ) do lo h¥lp. New '[ ruqtees havL induction covering roles and responsibilitie.q and are offered an established Trustee as a Menlor, Ihe CEO undertakes this if ii'c do not liae an availahle meni(Trr. "l-he MeninriCF.O mects I]lh ihL neiv .1 ru%lcc, I'ru.%lLLS hcfiirL meetings and answers an), questions or qucries from the supponinft papers, they also help ..1[h understanding 'meeling ctiqueiie,. Any additional traininiJ .111 be identified ai their induciion as ii'ell as ihrough ongoing rraining needs analK'sis Tru91ees ac¢¢ss Ihc ChdlitN' Comniission Neil'sletter as i¥'ell as copies of Mind publicaiions and Reports. Trusiees receii.'e our local CVC Nem'sletter and arc also cncouraoLd io access WL 11.4% i¥'eb.%ite. We have conlinued 10 qend Trusiees informatioii on external trainino opponuniiies. which thcy takc advanlagc of. Wc arc also investigating onlinc training for Trustccs and are seeking Mind's support to source ihis. -I"rustecs havc Luntinucd to receive the Charitv Coniniission Neiysletter as .¢11 as copies of Mind publi¢alion.£ aiid repons. We hdiie eoniinued to 8cnd Iruslccs information on external training opportunities, which they cali take adN'antage of. MectingF schedule 'I'rustees have met both virall and in person 6 limes in the last N'ear for their fvll meetings. The!. have also met for specific pieces ol- ¥v(Irk. Page 9
Pembroke5hire and Carmarthcn imind Ltd (Rcgislered number: 0¥521406) liepoTt of the -I'riislees for the Year F.nded 31 Ni Idrch 2024 STRUCTURE, C.OVF,RNA.NCF. Af%D.NIAIYAGEMET Related parties Wc hai'e continued to develop strongy link5 Il'ith tl)e local plannin processes: tliis raises the profile of tlie orgaiiisatioii ai)d thL nL'¥Lls ol- Ihc callcrs and carers to the centre. Where ihc e.xpertise of othcr scnAiccs or or£anisaiions is rcquircd. signpo£t or Icf¢r un. The following includes oroanisaiions ihai ina) nol have alr¢adv b¢¥n m¥nliuncd thdl w¢ havc i%'ork¢d vith in Ihis yLdr'. - National Park - Conununity Mental Health "l eam GP Surgcries and Primary Care Teams Housing AJ5ULiations - Rru c¢'n Adlerian Society WL hai'e continucd to dcvelop 51rong links iyith the local plannino processes lo raise the profile of the orgaiiisation aiid the needs ol Ihc Cdllcrs and carers ro The centre and 10 Ihis end neNorL' closel> iviih oihcr organisaiions. WhLrc ihL CXPCrtisc or other services or oroanisations is required, we signposi or refer on. The follo.Ing inLludcs orgFanisations w'c havL workcd 'itli or signpusl¢d tu ITI this }'ear'. Cdrmarthenqhirc County Council Hjryvcl Dda Ilniversiry I lealth Board - Mind Cjmru National Mind Pcmbrokcshire Countv Council Advocacy Wcst Wiiles r)elid W'ellbcing. Go Wales (Il'ork LAperience Placcments), lerlins Walk food bank, Action tor Childrcn, I I l_ pres% ? Pobl, CfvII ITS, Dyfcd Poi%)'s Policc. Prubdtiorb Scrvicc, Cili£Ln Advice Calliiarthen, Social Prescribers, HDL'HB NLuro Rchdb service Fdmil} IntcrvL'ntion Team C?oleudu Simple Lelling Nlorlais - In Patient Lnit Social Services -DWP Sand), Bear ALlIN'ate your life Area 4_3 PIL P}TUS Walking w'ell MisLarridgL AssDLiation Bipolar IJK Cruse - Countv Cars British Red Cross Catch Ll Ciiizens Advice Carn]arthenshire Pave 10
Pcmbrokeshire and Carmarthen Ilind Ltd (Registered number: 08521406) Report of the Trustecs for iht Year Ended 31 Marlh 2U24 SI'KLCTURE, l.0vF,R,AlycF. AND MAYAC.F.MF..Yr ci117.ens Adi'iLL Pembrokeshire Community Mental ILealth Team C.4VS, CamarthLnshirc Association of VolunlaTr SeTh'ires Pembrokeshire and Cdrmarthellshirc fvlental Health Fornm Ilrimdry fvlcnlLII Health Q are Teatn V¢sl Il'dlcs Action for Mi ental klealth RLsidenlial scllines Vesi WalLs AdvDcac)' DyfLd I)05 Police D>'f¢d PolS Probalion I leadii'ay- Art5 Care Goral Ceir AdfLriad Camidrthenshire Dom¢%lic Abusr Service Carmdrthcnshire Gps practices c.nleg %ir liar Carers Trust This list is not exhauslivc bul 5hoH'5 our commitment to workino alongside an}.one that can support people M-ho access our serviLLs. Trustees have exdmined the major strategic, business and operational risks 'hICh the charitv faces and confirm that systems lJave been estab1Shed io enable rL>L)ular rLports to be produced so that the necessar¥, steps can be taken to les£Ln ihese risks. Eleiiieiits of risk and il% mdnau¢TnLnt havc beLn identified as crucidl in preN'eniinu %'ulnerabilitv wirhin the orudniSdtion. coniinuc io ulilist AJ callaheT, our insurers, and Minds support: i4"hicli H"-e get as part of our Coii)mui)jhJ Parti)ersl)ip A(Fr¢¢ment NN'iih Radar to advise ihe organisation on Lmploi'ment Laiy. In addiiion Hcalth and Safety. iRcludino liisk Assesstnent processes Coniinue io be prioriliscd and action taken hen ncLc55ary'. In this Jcar a full health attd &afct}' rcviem, undertaken by AJ Gallaglier and an iinproN'einent plan_ scrutiniscd b}1 ihe .1 rusieLS has been iinplemcnled. Appropriate controls are in placc lo providc rcasonable assurance aoainst fraud and error. Kisk manaRement The Trusiees have exaniined tl)e Inajor stratcgic, busincss and opcrational risks i¥liicli the charitv faces aiid coiifinn that systems haN'e been established To enable reular reports io be produced so ihai Ihe necessary, sieps can be (aken 10 lessen these risks. Llements of risk- and its managemeni have been ideniifiLd as CLIa1 in prei'eniing vulnerabilii}' Iviihin the organisation. We continue to utili5c AJ Gallaghcr, our insurcrs, and Minds support, whicli w'c gcl as part of our Comiiiunily Partnership Aoreement wilh Radar to advise thc organi5ation on ITnplo!"Tncni l.a. In addition Hedlth and Sdlety includin Risk As.%cssincnt processes coniinue to bc priorilised and aLlion taken ii."hcn n¢ce55a4'. In thi% year a full healih and salci} reiiiew und¢rtJken bv AJ GallaLh¢r Èind an impiotretnent pl(In, scnitinised by t]ie Trustees has bcen implcmcnlttd. C.omprel)eiisive reviews of its OaniSational and Operational Kisk Assessments conlinue lo be undertaken as well as its Business Continuiry and Coniin£enc)' Plans. STATEMENT OF TRUSTEES, REspofiSIJJILITIES Tlie trustees (wlio are also the directors of Pembroke5hire and Carinarthen Mind Ltd for the purposes of company lawl ai"e rcspoiisiblc for preparing the Rcport ol. the Trusiees and the financial statemenis in dCLordancc iviih applicablc lai¥ and Uniied Kingdom Accounting Standards (Llnitcd Kinudom Gcncrally .4cccplcd Accountinu Practicc). Pagell
Pembrokeshire and carMartht Mind Ltd (Regi5tercd number: 08521406) Report of the Trustees for the Year Ended 31 imgrch 2024 STATE,IIE.NT OF TRLS1'EES' KESPOI%SIBILITIF.S- conlinued Companj law requires the Irustces lo preparc financial statcmcnt5 for each financial ycar which givc a truc and fair vi¢N¥ of Ihc siaie of ÈilTairs of ihc charitable compan), and of ihe incoming resources and applicaiion of resources, Includin ihc incume and Lxpenditure, ol" the charitable company for that period. In preparino ihose financial slatemeiiis, tl)e trustees are requirLd io select siiitable accountino policies and then applN them consiSt¢nily- obscrve the Inethods and principlc.% in ihL CharitN, SURP- makc judgcm¢nts and estimales thai are reasonable and prudent. prcparc the financial sraiemenis on the going concern basis unless il is inappropriate io presume that ihe charitable coinpany w'ill continue in business. The trustces are responsible for keeping proper accouniing records which disclose il'iih reasonable accuracy at anv iiine the financial position of The chariiable compan), and to enable thcm ID ensurL ihai Ihe financial siaiemenrs comply iviih the Companies Act 2006_ 1'hc} are also responsiblL for safibtsuardints thc asscts of ihc charitable company (ind hence lor lakino reasonable stips for th¥ prevention and deleciion of fraud and oihei irregjulaiities. In so far as the trustees are am'are.. there is iio relLvdnt audit inlomialion ofwhiLh thL' CharlbIl. cumpan'S audiiors arc unawdre." ¢ind the tru.%iees hdvf lakcn all st¢ps tliat they ou£ht to have taken to make themselves aivarc uf an), r¥l¢vant audit information and Io c4tablish ihaT the auditors are a.are of Ihaf infom)aiion. AUDI"I'OR5 I'he auditi)rs. AshTnole av)d Co., will bc proposed for re-appointment at thc forthcoming Annual Gcneral Mecling. Appruvcd b!, order of the board of trustees on _ Mr D H Llo%d- Truslee Pagc 12
cporl ol the Indepeudeni Audilors to the Trustee5 of I'embrokeshire and Carmarthen Mind Ltd (Registered nuniber: 08521406) Opinion I'e liae audited the [a[l1a1 sldl¢mcntS Dr Pcrnbrokeshire and Carniarthen Mind Lid (the 'charildble compan) ) lor IhL )'Cdr ended 31 March 2024 ihich compiisc thc Siatemenl of Financial Actii'ilies, Ihe Balance Shcct, Ihe Cash Flo. Statcrncnt dnd notcs 10 thc financial slateTncnls, Includin a 5uinmarv of sionificant accounting poli¢ie5. The financial reporting framework that has be¢n applied in their preparation is applicablc lam. and Uniied Kingdom Accounting Standards {Unitcd Kinodom Generall), Accepied Accounling Practlci). In our opinion thL Fitldncidl stalcmcnts= givL a truc and fair view. of Ihe.sthie of ihe charitable compan!. s affairs as at 31 Marcl) 2024 and of its inconiing resources and dpplication ot. resources, includino jis income and expenditure. for the )iear ihen ended- hae been propcrli. preparcd in accordancc i%iih ljnited Kingdoin Cicnerall}.' Acccpted Accountii)g Practicc. and have been prepared in accordance with thc rcquircmcnts of the Companies Act ?006. Basis for rJpini(I We conducted our audit in accordance w'ith International Standard5 on Auditing {UK) (ISAS (UK)) and applicable law. Our responsibilitie5 under those siandards are further described in the Audiiors. responsibiliiies for Ihe audii of the finaiicial statements section ol. our rcpDrt_ We are independeni ofihe chariiable ¢ompans.' in accordance with the ethical requirements that are r¥lcvanl to our audit of the financial .8latLm¢nts in iIiL IJK. including ihe FRC.'s F.thical Standard, and we havc fulfill¢d our othcr cihical responsibilities in accordance with these requirements. We believe that the audit evidence ivc have obtaincd is suEficicnt and appropriaie to proi'ide a basis for our opinioii. Conclusions relating tn g(Jing concern In auditing the financial statements: have concluded that the trustees. use of the going concem basis of accounting iii the preparaiion ofihe financial staiements is appropriatc. Fla.%ed on ihe wurk iv¢ h¢lN'¥ pcrlormcd, Ive have nol identified an!, mdlerial unccrtaintie5 rclalin¥ lu ¥%'¢nLs vr Ll?niliticin4 thai, individuallN' or colleciiN'el)', Iiia!, cast significant doubt on ihe charitable conipan%". s abiliti, lo continue as a going concern for a period of aT least D¥elve months from th,hen ihc financial slaiemcnis are auihorised for issue. Our rcbponsibilitiL'S and the respoiisibilities (Trf Lhe iru51¢e5 wilh r¥SPL'LI to goinLtr ciJnc¢rn are described in the relei'anl 5CCtion5 ofthis report. Other information Tlie trustees are reqponsihlL for ihL ()IhLr infurmaliun. -l-h¥ ()thcr infKTrrmali(In LOtnpri4cs ihe infomiation included in Ilie Annual Report. other Ihan the fillallcial statcmcnls and OUT Rcport of thc IndcpcndLnt Audilors thercon. Our opinioi) on ihe Iiiiancial siaiemenis does not cower ihe other infomiaiion and. excepi to the exrent otherwise explicitly stared in our report, we do 1101 express anv fonn of &%%utanLL conclusion ihereon_ In connLction 1th our audit of thc financial statements, our rcsponsibilil)i is to ruad ihc oLhcr infornialiDn and, in d(iino so, Lun5idLr whLthLr the oihei int-omiatiori 15 niateriall), inconsisient I1th the linancial statements or our kno).1CdgTC l)bidinLd in th¢ dudil 01 uih¥nvise appears to be Inateriall), Inisslated. If li'e identify- 5uclI material inconsislcnLie5 or appdrcnt IndlLrial IlliSSI(ItementS. IVC <tre rcquircd to dctcrminc whether this oivcs risc to a matcrial missldlcmcnl in ihe financidl sialemenis thcmsclves. If, based on the H'ork li'e have pcrlomied. M'e conclude Ihai there is a matcrial misstaicmcnl of this oihcr inlorniation, lie are required to report that facr. We hae noihing io repon in this regard. Matters on Iihich we are required to report b), exception We have noihing io reporl in respeLI of th¢ following matiers i'here ihe Charilies (Accounls and Reports) Regularions 2008 requirL% U5 11) rLpi)rt l() )'()u if, in uur opinion-. thL inforniatian gi.en in the Report ofthc -frusiccs is inconsisient in an}. material respect with thc financial staicincnts- or thc charilablc compan!, has not kepl adequate accounTing records: or the tiniL ncial statements are not in agreemenl iViTh rhe accounrin(r record5 and retUrn5- OT 'e have iiot received all tlie inforiiiation and explanations we require for our audit. Page 13
Report ofthe Independent Auditors to the Trustccs of Ptmbrok'eshire xnd Carmarthen Mind Ltd (Registered number: 08521406) Rcsponsibilities of trust¢es As explaincd more fullN' in the Statement of Trustees, Responsibilities: the trustees {h0 arc also thL dircclors of th¢ charitable compan). for the purposes of company lai%.") are responsible for the preparalion of the financial stalenients dnd for being saiisficd that thLy give a Iruc and lair view. <ind for such iniernal conlrol as Iht irusiees deterniii)¢ is necessar). to endble the prcparation of financial statevnints ihdt are free from matcrial mi55talcmenl. iheth¢r due lo fraud or error. In preparing the financial slaiemen(s, thc irustL's arc rcsponsible lor assessing (he charitable coinpany's abiliry to continue as a goino coneern, di.£clasino a£ applicable. matier4 related to going concern and using the ooing coiiccrn basis ot accounting unless ihe Iruslccs either intend to liquidalc ihc charivdblc company or lo cease operalions, or havc no rcalisric alternative but to do so. Our re.¥pun5ibilities fur the Auilit of the financidl slAtefflen15 Wc havL bc¢n dppointcd as audit015 undci Scction 144 of the ChdrilTCS Aci 201 l and report in accordancc i%'ith the Ac( and relevant regulations made or having effect ihereunder. Our objectives are to obtain reasonable assurance about K'hcther the financial statements as a u,hole are free from malLrial mis&tdl¢menL, M'hcihL'r duc to ITaud or crror. dnd to iS5UC Éi Rcport of ihe Independeni Auditors rhai includes our opinion. RConbIL assurancc is a higFh Icvcl of suranCi. but is not a guurdnlce ihat an audit conducted in accordance ii'ith ISAS (LK) 111 dlivd}'s dLILLL a mdl¢rrdl Tni551dli'TllLnt i%.hLn it L.KI%L%_ IMi%siateinents can arisc fToin fraud or crror and are coiisidered Inaterial if: individually or in the agJeoate, the) could rcasonabl) bc cxpectLd to influence thL cconomic deciSLons of uscrs takcn on thc basis of ihcsc financial statcmcnls. 'l-hc ¢xt¥nt lo whiLh Our procidurcs drL C¢ipable ofdclccting irrcgularilies. including fraud is detailed belDW': In identifying and assessing risk.s of material misstatement in respect of irregularities: including fraud and non-complidncc with lais and rcgulaiiDns, i*'c considcrcd ihc follo.In0: nature of the chariry. ana the se¢tor in M,hi¢l) it operates. Ihc Itg(Il and rcgulalory frdniL wurk in which ihc charit). operalcs. lind in panicular Ihose law5 and renulations Ihdl dirLcily atTLCt ihc fin(Incial st¢ilcmcnt5 or hai'c a fundaTncntal ctTeci on operations eg Charities Act 2011. and Salct Icgislation. results of eiiquiries of manageinent and ihose charged .1111 g0ernlce anv mailers ideniified relaiin2 10 thc charily's policiLS and procedures for idcniif)ring. ciialuatino and complying w'ith law5 and TcbFulation5, and vhether there ivere any known instances of non compliance. dctccting and rcsponding to thc risks of fraud and whcther ihere IS knoThledge ofaciual, suspected or frdud. the inlemal controls established to mitigate risk5 of fraud or non compliance wiih laws dnd rLgulatiuns. hcalih allegcd As a result of p¢rforming' Ihe above. we did not identify any kev audit maiicrs relaied to potcntial risk of fTaud or non complianLC w iih laivs and rcguSaiions. In addilion to the above. our proccdurcs includcd.. rcviciving thc financial statCTnent disclosures and testing to SUPPOrting documentation to assess compliance witli relcvai)t la.8 and regulations L'nqiiires ol mdnagLmLnl and ihusc Lhdrgcd wilh UU¥CrndnLc concerning aciual aiid potential litinatioi) and claims perlorniinu analytical procedurcs to idcntify anN' unusual OF uncxpcLicd Iclationships that mav indicate risks of r]iatLrial 11115Statcmcnt duc to traud rc1clI. of miniitcs of committec mcetings 'ritlLn rLprcs¥nldliLins A further d¢5cription of our rc%ponsibilitics for th¢ audit of the financial siatcmcnis is locaicd on the financial Reporting Council's i¥'ebsite al i¥iV..frC.org.Uk1aO1t0rsresponsibilIrI¢5. This dcscription lorms part of our Kepi)rt of the Iiidependent Auditors. PaLIL 14
Rcpori of Ihc Indcpendcnt Auditors to the Trustecs or Penibrokesliire Carmarthen Ltd (KLgi51erLd nuwnbL'r- 08521406) Use of our report 'I"hi5 report is tnadc solLly lo thL LharilJble company's tru51ees. a bod),: in accorddllcc iviih Pari 4 of ihe Charities (AccouiitS dnd RLp()rt%) RLgyul<ilions 2008. Our audil M'ork ha5 been undertaken so that 'e tniiyhL sthic lo ihc chdritahle companj's truslves those marters we are required to state io them in an audiiors, report and for no uih¢r purp()N¥. To Ihc fullest cxtent pemirted by la.. Ive do noi accLP( or assume responsibiliThJ io any'one oil)er than the cliaritable coinpany and thL Lharitablc corn aiiy's trustees as a body, for our audit M'orL. for rhis repon, or for ihe opinioiis we hai'e Formed. Ashmole dnd c.o, Chartcrcd Ccnified Ac¢ountaDls and Siawtory Auditors Eligible io act as dll duditor in lerms of Section 1212 of ihc CompaniLS Act 2006 1,1111a[nS1On House 7 Goal Siiecc iivcrfordis'L5t PL"mbrokLshirc SA61 IPX DdlL'. Page 15
Pcmbrok'eshire and Carmarlhen Mind Ltd Statement oc Financial Actiiities ror Ihe Year Ended 31 March 2024 Unrestricted lunds Restrictcd rlinds Total runds Total runds INCOMF, AND ENDOWIL IEINTS FROM Donaiions and legacies j89.?9? 115 ij9 i04,831 26.866 Ch&)ritable activitie5 R¢sour¢e ¢cnlre Carers Supponed housino Cannarthcn 55J.194 17,114 299.714 244,312 55J,194 17,114 317.$27 24,1,31 ? 469.599 37?,43) Other income 1.229,873 1,636,978 921.84) EXPF.NI)ITLIRE ON Raising funds 10.6nl 10,601 8,0.11 Charitablc aclivitics Resoiirce centre Car¢rb Supponcd hou5ln Camianhen 4.046 )JO.866 5J4,912 19,4.34 403,259 156,973 484,?97 14.542 1,874 J88.717 155.099 394.485 Tvtal 31,06i 1.094,116 1,12.5,179 9011,-5411 NE'I. I,NCOINIE i76.04? lj5.757 511,799 21,305 RECONCILIATION OF FUNDS Totill funds brouoJt forw'ard j33 ?12 680.312 1,013.524 992,219 TOTAL FUNDS CARRIF.D FORWARD 709.254 816,069 1 525.J2J 1.013.524 The note.s forni part of ihcsc financial 5talcmenls Paoe 16
Pcmbrokcshirc and Carmarthen fvlind Lid (Regislered number: V8521406) Balancc Shcct 31 fvldrch 2024 31.3.23 Total fund5 nre5tricted funds Restricted fijnds Total funds Notes FIXED ASSETS Tangible asseis 450,701 ??7.94? 678.643 435.703 CIJRRENT ASSF.TS Debtors Cash ai bank 14 108,480 516,40? 108,480 789.2?9 61.481 57• 957 272,827 ?7?.827 6?4,882 897,709 6J4,438 CRF.DITORS Amounis la. IIiL)o due w'ithin one year 15 (14,274) (36.7ii} {51,029) (56,617) NET CURKF.,NT ASSF.TS 258,i53 i88,127 846,680 577,821 TOTAL ASSETS LESS CURRENT LIABILITIES 709,2)4 816,069 1,525.32i 1,013,524 709.?j4 816,069 1,5? j, J23 I,OlJ,524 FUNDS lJnrcstrictLd ndS Re.stri¢ted funds 17 709.254 816,069 J)J,212 680,i12 TOTAL FUNI)S 1,52i,323 1,013.5?4 The cl)aritdble campany is entitled to exeinplion from audit under Seclion 477 of the c.ompanies Act 2n06 for the year ended 31 March 2024. The members hai'e i)ot deposited nolice, pursudllt lu ScLlion 476 ul Ihc Cutnpdni¢s ALI ?006 requiriiig an audil of ihese financial statements. 'I'hL Irustccs acknowlcd(Je thLir responsibiliiies for C115uring' that the charitablc company keeps accountino records that comply ivith Sections 386 and 387 of t]ie Companies Act 2006 and prcparing financial siaicmLnts w'hich tsjN'c a truc and fair of thc statc of alTairs of Ihc charitable compan}, as ai lh¢ (jr ¥aLh IindnLial ycdr and of 115 SUtplu.% or dt fiLil for CdLh linanLidl )'LaT in dLLurddnL¢ iviih ihc rLquir¢tn¢nl% of Scctions 394 and 395 and .]lIch othetH'ise complv with the iequiremenls of the CoTnpanic5 Aci 2006 relatiD& to financial sratements. so far as applicable io the ckariiable compan!.. (b) 'I'hese linancidl 5tdtements have been audited under ihe requiremenis ol Seciion 145 of Ihe Charities Acl 2011. The noies lorm part of these financial slatemeE]ts Pagc 17 contiiiiied...
Pembrokeshire and Cartnarihen lind Ltd (Rexi5tered number: 08521406) Baldnce Sheet - continued 31 llarch 2024 These financial statemenis have been prepared in accordance '1th the proi"'isiotTrs applicable to charitable con)paiiies subject to the small companics ri'girn¢. 'rhe financial sldtLrnLnis' .lrL" approi'ed bv the Board of Trustees and authorised for issue on and w'erc signed on its behalf b},= Mr l) I I l.lovd _ Truste ThL noti5 lorm p(Iri ofihest finanLiiil 51dlcmrnLs Paec 18
Pembrokeshire 2nd Carmarthen Mind Ltd Cash Flow Sialement for the Year Ended 31 ivlarch 2024 31.3.24 Cash flows Irom operdting acti%'ilies Cd%h gcncral¢d from operations 19 481,965 100,161 Net cash provided by operaiing aciivilies 481.965 100,161 Cash flom's from iiivesliiig acl&vitie.q Purchasc of tangible fixcd assets (?61.J67) 19,8191 NLt Ldsh USLd in inN'es1ing activities (?61.J67} (g,xiy) Chan2e in ¢ash #nd La%h e4uivalen15 IWI the reporting period Casli and cash equii'altnts al the beginning L)f the repurting period 220.598 90.34? 554. j4 j 464.013 Cash and cash cquiTralents at the end nf the reporting period 20 774,95) 554.355 Thc [C5 form part ofihesc financial slatements Page 19
Pembrok'eshirc and Carmarthen Mind Ltd P'Otes to the Financial Statcments ror the Year F.nded 31 March 2024 ACCOUNI'ING POLICILS Basis of preparing the finJnci&il .4tdti'enI -he tinancial qtaiemenis ot the chariiable compan. Ivhich is a public bcncfit eniitK' under FRS I Q2, hdvc bLen prepdred in a¢¢ordan¢e iviih the Chariiies S"ORP (FRS 102) 'AccountinL and Reportin by Charities.. Stateiiient of Recommended Practice applicable to charities preparin{y thcii accounts in accordance w'ith Ihe F ii)ancitsl Repoitino Standard applicable in the LK and Republic of Ireland (FRS 102) (cftcclivc l JdTkuary 2019),, F inancial RLpurlino Standard 102 '1-hc Financial Rcportints Sidndard applic1ible in the UK aiid Repuhlic of Ireland, and tlie Companies Act 2006. The financial stateinents havc becn prepared undcr ihc hisloriLal cost convenTion. IneDming resources All incoming resources are included on the Siatemenl of F inancial Activities when the chariry is ILgally entitled to the income and the amount be qudnlified iviih reasonable dccufdcy. lThc folluwing 5peLific policies are applied to particular cateoories of income.. Voluntary income recei¥'ed b), i¥ay of grants, donalions and uifts is included in thll in tlie Staieinent of Financial Aciivir), 'hen receiN'able. Grants. 14.here entiilement 15 not conditional on ihe deliverlp of a specific perforn]ancc b (he charill.: are recognised M,hen the charity. becomes uncondilionallj" cntiiled to the ran1 Grants reliited to perlormance and specitic deliverables, are accounted for as the Lhdrilj ¢dfn5 (he right ti) coiisidcrlilion b%, perli)rmance. l.etsacies are included w,hen the charilN' is adviscd the persoilal representativcs of an cslalL ihat payment will be madc or propcrt} traT15fcrrcd dnd the amouni involved can be accurdtelj quanlifiLd. Doi)ated services and facilities are included ai Ihe kalue (o the charit} ii.'here this can be quantified. The value of scrvicLs providLd by volunieers has noi been included iii tliese accounts. Investmenl income is included ii,hen receTvable. Resource% eipended Expcnditure is accouiitcd tor on an acctuals b15 and has been Llassificd undcr hcadings that aggregaie all cosi rclatcd to the catcgorv. W'here cosis cannoi be directl) aiiributed to particular hcadings ihe!, hai'e been allocated lo aclivilics on a basis consis(eni M'iih the use of resources. Charitable expenditure comprisc5 th¢ costs inLurr¢d b), the ¢haritJ in ihc dcliveTr' of its activitie5 and services for it.s beneficiaries. li includes both ihe ¢osTs which Can be allocalcd dircctlv to Such actIlI1eS and those costs ol- dn indirect nature necessary to support ihem. GovLrnancc costs include ihose cosis associaied Hirh tneetin(p the constitutional and ststuioTr requiremenls of the charitl. include ihe 41udii and accouniancy fees and cost5 linked to the 51ralegic rnanagcmunl of the Lharity. Taiigible fixed aqsets Depreciarion is provided at the follo,in annual rdtes in ordcr to writc orrcach &%sei over ils estiinated useful life. Freehold property Equipmcnt and fixtures ?O/o on cosl un cosi -raxation The charity is ¢xempt Irom corporation tdx on 115 chari(dbl¥ aLiiviiies. Fu nd aeeounting lJnrLsiricted funds can be uscd in accordancc 1th the chariuble objectiN'es at the discrcfion of ihL Iru%iee.%_ Restricted funds can onlTr bc u5cd fur particulaT resiri¢lcd purposcs w'ithin the objects of the charity. Rcstrictions arisc H,hcn specificd by ihe donor or when tunds are raised for particular rcsiricied purposes. Pagc ?0 conlinucd...
Pembrokcshire aDd C3rm3r(hcn Mind Ltd tiotes to the Financial Statenients - eontinued Cor the l'ear Ended 31 March 2024 ACCOUNTlh'C. POLICITr"S - continued Fund accounting Further explaiiaiion of the nature and pury)ose of each fund is included in ihe noies to the financial statement5. Pension costs and (JtheT Post-retirement beThefJt5 Thc chariiable compan), operates a defined conTribution pension scheme. Contribulions pal'able to the chdritdble compaii} s pensioii s¢l)en)e are cliarged io ihe Siatemeiii of Financial Acl1.111eS li) the period to ivhicli tliey relate. DO.YATIONS A.ND LEGACIES il.3.24 31.3.23 Managetnent fee Donations Room renl runds trdnsfer from Mind C.amiarthen 1,913 24.9)3 49.815 2,313 452.70) i04,831 26,866 INCOME PROM CHARITABLL AC."TIVITlb..4 31.3.23 Aciivil). Resource centre Carer Supported housing Carniarthen Cjfdnt. Graiits Grants Grants 553,194 17,114 317,5?7 244, J l ? 469,-529 17.114 372,4J3 ,132.147 859.076 RAI.%INI: bllNDS Raising donations and legacits 31.3.24 31.3.2.3 Stdff custs Staff expcnses ()fficc costs InsurdllLL'S and subscriptions Depi'eciation 78 70 783 1,081 1,981 1.981 10,601 8.041 Page?1 continucd...
PembToke5hire Carmarthen Mind Ltd Notes to the Financigl Stalements - eontinued for the Year Ended 31 March 2024 CHARITABLE ACTIVITIES COSTS l)ire¢i Costs (see note 6) %upport costs (see nole 7) Totals Re%ourcc ccntre Carcrs Supportcd housing Curmdrthcn 413.66? 121 ?50 3,703 5i4.912 339,75) 124,17J 403.259 156_97i 893,J19 ?21 ?59 1,114,.578 DIRF.CT COSTS OF CHARITABLE ACTIN'ITIES 31.3.24 Staff cosis OfficL renl and watLr rates Pcmbs Housin Association LigTht hcat Repairs and maintenance Cleaning Telcvision liccnce and rental Rcfrc5htncnls Aclivilics StatT travLI and L'XPLllNCS Vo)luntiCI cxpcllsis and trainin Sub contractors 7?9.U24 39,589 16,796 27,144 23,675 584,116 35,.164 15,157 15,045 14,7.5? 5,604 5,676 18.154 9.807 2i.507 676 9.(Tr24 20,517 893,319 719,378 SUPPORT COSTS Governance cosis Mandgcmen( Totals ResoufcL CLnire C.arer4 Supporred housing Cannarthcn 121,2.iO 3,703 ?.914 47.992 27,014 789 15.514 5.786 176,05? ??1 ?59 continued...
Pembrokcshire and Carmarthen Mind Ltd for the I'tar Ended 31 March 2024 SUPPC)RT COSTS- continued Costs allocaiion includes an element of judgement and the chariti. had had to consider the cosi benefit of detail¢d cal¢ulaiions and record keeping. "fo ensure full cost recovery.- on projecis ihe charitv adoprs a polici. of allocating cost to ihe respLciiire cost heading ihrough ih¥ )'ear. This allocalion included support costs ,here thev re directly attributdble. "I'hercfore ilie %upport c(Ists ghoiin a best esiimaie of ihe custs that havc bcen so allocated. NET IYCOMF.I(F.XPF.NDITURF.) Net incomel(expenditure) is slated after charojiiJo (crediling).. Depreciation oii'ned assets 18,427 17,270 AUDITORS, REMUNERATIOY 31.3.23 Fees payable to the charity's auditors for the audit of the charity"'s financial std(ctnents Auditor5, remuncralion for non audit work 4.848 3,990 4,183 3,300 In addirion, fees Pi< S'able for the provision of pai'roll services amounted 10 £3,970 tor the }'edr L'ndcd 31 si MarLh 2024 (£3,300 for year elided ) I si fvlarch ?U23}. 10. TRUSTF.F.S' RF.MuNf.RA TIO.N .4ND BF.NF.FITS 'I'here iiere no trustees. remuneration or other benefits for the vear elided 31 March 2024 nor for the vear cndcd 31 March ?0?" Trustecs, cxpcnscs During the )'Cdr ended 31 March 2074 trustcLs werL paid iravcl expenses of £nil {20?3'. £nil). STAFF COSTS 31.3.24 31.i.23 'dines and salaries Social seLurity c()sts Oiher pension costs 755,415 411.885 50.408 614.747 40,i76 8)4,708 666,6.i8 The averdgFe rnonthlj. T)umber of cmployccs duTing the y.ear i¥as as follows- 31.3.24 4? In furtherancc of charity's objecis Administration 32 44 34 Pagc ?3 continued...
Pembrokeshire and Carmarthen Mind Ltd I%ot£S to the Financial Statement5 - continued for tlie Year F.nded 31 March 2024 ii. STAFF cos'rs- continucd No einplovecs receivcd cmolumenls in CXLCSS 01 £60:000. 12. COMPARATIVES FOR THE STATEIIENT OF FIINANCIAL ACTIVITIES- 31 MARCII 2023 L,nrLsiricied Ke.%iricled lunds Total funds INCOME AND ENDOW.NIEYTS FROM Dunalion.% and IL¥aLIUS 26,867 26,866 Ch8ritabl¢ activitjC5 R¢%ource centre Carers Supported housiiio 469,i29 17.114 J5J.93i 469,5?9 18.498 3 72.43J Othcr incom¢ i5,903 JS ()113 Total 4i.i65 876,480 921,845 EXPENDITLRE UN, Rai5inu funds 8,041 8.041 Charitable activitie5 Rèsource ceiitre 484,297 484,297 Page ?4 continued...
Pejnbrokeshire and Cartnarthen Ilind Ltd Notes (o the Ftnancial Siatements- continued for the Year Ended 31 lreh 2024 12. COMPARAI'IVF:S P-OK I"IIE S1"ATEMF.,NT Tr"INAYCIAL AC:TIVI"I"ITr:S- 31 MARC.11 2n23- cDntinued Unre>tricled Restricted Total funds funds fi]nds Cdrcr. .Supported housing 13.717 376,553 li,717 J94.485 17,9i2 Tutdl 2),973 874,567 900,540 .YET I)ColE Transfcrs bctween funds 19.392 1,91i Net in lund5 18.??0 REcofiCILIATION OF FLNDS Total funds brought fon1.d 314.992 677.227 992,219 TOTAL FLNDS CARRIED FORWARD 333,212 680.312 1.013,524 13. TANGIBLE FIXED ASSETS Equipmcnl and fixttEres Freehold propert), Totals COST At l April 202J Addiliun5 448,462 2.54,S8i 47.963 6.484 496.425 ?61.367 Ai 31 fvlarch ?0?4 70i.J45 54,447 757.79? DF.PRECIATION At l April 2023 Charge for Trear 27.786 8,968 32,936 9,4)9 60,722 18.427 At 31 MdrLh ?0?4 42,395 79.149 IYET BOOK VALUE Ai 31 fvlarch 2024 666.591 12,052 678,6,13 Ai 31 March 20?3 420,676 4i5,703 The property was purcliased in March 2020 bN' means of a Welsh GovernTnent grdint. Pa¢ye ?5 coniinued...
Pcmbrokeshirc and Carm2rthen Mind Ltd -%otes to the Financial St2tements- eontinutd for the Year Ended 31 March 2024 14. DTr:H'TORS: AMOUNTS Tr ALLING DUE WITHIN ONE YTr:AR 31.3.24 Grant and other debtors 108.480 61,481 CREDITORS: AMOUNTS FALLING DL.E WITHI1% ONF. YF,AR Bank. loans and oi."erdrafts (see note 16) Soci(115eLuriii' and oiher i&xes AccruLd L Ypenses l)¢f¢rrLd LyuvLmJnLnl ¥f¢lntS 19.306 17,447 19,227 4,797 51,029 56,617 16. LOAf4S An dnal J515 c?f thL" [naluril uf Ivans i5 givL'n bLIo%v: Amounts falling duc ivithin one ycar on d¢mand= Bank overdrafts 14.276 18,60? 17. MOVE.NIENT IN FL,NDS Nct movcmcni in funds Al AÉ 1.4.23 Unre5triLted lund5 General ft]iid Supported Elousing (uni) CarmarthLn 351.091 (17,879) 379,652 {14.108) 343,710 3.771 34J,710 3J3.212 i76.042 709,2)4 Restriettd (unds RcsourLL LLntrL Q".arLf5 Supported housing Propet11' purcha.se Carmarrhen Ilebtricted 227,300 14.693 147,767 221,516 204,7)3 17,013 ?36,770 2?6.480 (2,320} (89,OOJ} ?04,753 680,J12 135,757 816,069 TOTAL FLNDS 1.013,i?4 511,799 1 525, J23 Page 26 CDntinued...
Pembrokeshire and Carmarthen Mind Ltd Note5 to the Financial .Statements - cantinued for the Tr ear F.nded 31 larCh 2024 17. IVAOVERMENT IN FtiYDS- continued Nei Tnovemenl in funds, included in Ihe above are a5 follo5.. InLoming re%ourLc% Rcsources expended Movement in funds Unrestricted funds CJenLral lund 8upportcd I lousing {U,'R) Camartl)en (14.647) (14,-542) (1,874) 28.561 .?.771 34),710 8,313 345,584 407.105 (31,063) 376,04? Ke8tricl¢d Resource centre Carers Supported housing Propcrty purchasL Carmarthcn Restricted 55J,194 17,114 299,714 (525.943) (19.434) (388,717) (4,92J} (lii.0991 27,251 (2,3201 (89,0031 l.q,9?4) 204. 15i j59.85? 1,229,873 (1,094.116) 13.S.7.$7 TOT AL FUNDS 1,636,978 (1 125,179) 511,799 Comparatives for moTr'ement in funds -1 ransfers heiween fuiids movcTncnt in fiJi)ds At Ai 1.4.22 UnrestriLtL.d fund General l-und Supportcd Housing (UIR) 3J7.411J (??.491) 14.780 4.612 (1,172) 3il,091 (17,879) 314.99? 19. j9? (1 172) 33J,217 ReslriLted fun(15 Re%i)urLe LLnlrL CaFCFS Supported housini Froperty purlhase 178,914 13.616 254.466 230.?31 21.135 200,049 17,013 236,770 2?6,480 (17.696) (4.92)) 677.2?7 1.913 .17? 680.312 T()TAL FIJND. 99? 719 I,Oli,524 Pagc 27 continued...
Pembrokeshire 2nd Carmarthen Mind Ltd Notes to the Financial Statemenis - continued for the l'ear Ended 31 .larch 2024 17. MOVF.MF.P*T IN FUNDS- continwed CuTnparative net movement in fiinds. included in Ihe above are as follows- Incoming risourccs Resourccs cxpcndcd Moiictncnl in funds Unrestricted funds Gener1c I fund Supponed Housing {U,'R) ?6.867 18,498 (12,U87) (lJ,886) 14,780 4,612 45,365 (2i,973) Restricted funds Re_8ourLL ccntrL C'.arL15 Supported housing Propcrt! purLhdS 505.4)2 17.114 35J,9i,I (484.297) (13.717) (J71,6iO} (4.923) 21.13) (17,696) {4,9?3) 876,480 (874.f 67) 'roTAL FUNDS 9?1.845 (900,540) ?1,305 A cutrcnt year l ? Inonths and prior Jear 12 month5 combined posirion 15 as follows= Nct mowemenl in fimds 'L'ransfers betweLn funds Ai Atl.4?2 Unrestrietod funds CJLnerdl fund 8ui)ported Housing {lJIR) Carinarthen 3i7,483 (??,491) (1.17?) J79,6.52 (14,1081 J43,710 X,-38_3 343.710 314,992 J95,4i4 (1 172) 709.254 Restrieted funds Resource centre Carcrs upp()rtLd h(iu%ing PropLrt}' purchase Cdrmarthcn RLslri¢t¢d 178,914 48,386 .077 (1116.699) (9,847) ?27,JOO 14,693 147,767 ?21,556 704.75J 254.466 1.172 677.227 137.670 1,172 816,069 TOTAI. FUNDS 991 ?19 )JJ,104 1,525,J2J Pagc 28 continued...
Pembrokeshire Cjirmarlhen Mind Ltd L%ule5 tu thc Financial Slalemenls - contithucd for the Year F.nded 31 March 2024 17. OVEMENT IN Tr-LNDS- continued A Lurrent year 12 months and prior year l? months CDTnbin¢d nrl movemenl In funds, included in ihc above are as folloii'5-. Incoming resources Resources cxpended Movenient in funds L nre.4tri¢led Cund Gcntral fund 8upp()rted Huusinu {lJ,qi) Cdrmarthc 7U,075 (26,734) (?8,4? 8) (1,874) 43,341 J4i,584 i4J,710 45?,470 (57.llJ6) 39i.434 Restricted flind5 R¥suurce centre Carers Supponcd housing PFupLny pur¢hd5L Cdrniarthen Restricted ,Oi8.6?6 {I:010.240) (JJ.151} (760,-J47} (9:846} (155.0991 48.386 1.077 (106,6991 (9,8471 ?04,753 6$ J.648 (i) 359.852 2.106.J5J (1.968.6SJ} 137,670 TOT..IL FUNDS ? 558.8?" (2.02i,719) 5)3,104 The restricted property purchase fund relates to d grani receivLd frum the Welsh CJovemiiient for the purch&%L uf a properPJ'. Welsh Goernment has a legal charge ovcr thi5 propert%'. "rhc rcstrictcd funds carriLd foVard for ihe Resource Cenire. Cdrers dnd Supporied Housing are iniended for tlie impr()WLTnLnl dnd Lxpansion of 5erviLe delii'en., as itrell as lo enhance and build thc capacilv of th¥ organisation. -l-he Truslc¢s intend io ulili.qe rcsiricted monies 10 ensure safe and adequate colldilions for users of our sLrwiLCS, siaff. olunl¢¢r5 and TnL'Tnbcrs of the public_ 7-nleeS arc mindful that gromoh needs effectii'e g)Ol'Cmdncc dnd manaoement. Ihis ii'ill ensure the sustainabililv and fulure proofing ofihe or(Tanisation. 18. KF.LATF.D PARTY DISCLOSURES There were no relaied part}, transactions for the }'ear LndLd ) I si Mdrch ?024. Pa(Fe ?9 contiiiued...
Pemhrnkeshire 2nd C."#rmArthtn Mind Lt i'otes to the Financial Statements - continued for the Year Ended 31 .Nl8rch 2024 19. RF.CONCILIATION OF NET INCOMF. TO NET CASH FLOW FR01¥1 OPERATING ACTIVITIES Net income for tlie reporting period (as per the Statement of Financial Actii'ities) Adjustments for: Depreciation charges (InLreaNL)IdLLrease in debiors Decrcase in Creditors 511,799 18,4?7 (46,999) (1 ?62) 17,268 104?78 (42,690) Net eash provided by op¢rations 481,965 100,161 20. ANALYSIS OF CASH AND CASH EQUIVALF.NTS 31.3.23 N'otice deposirs (less than 3 months) OYLrdrJfts includLd in bank Ioitns bnd ovcrdrafis falling diie w'iihin one vear 789.2?9 (14.276) 51?,957 (1 &,6112) Tothl cash and cash equivalents 774,953 554,35 21. ANALYSIS OF CHANC.ES IN NET FLiNDS At 1.4.23 Cdsh tluw Aiil.J?4 INct casli Cash ai bdnk Bank OVLrdraft 57? 957 (18,602) 216,272 789,229 (14 ?76) 554. j55 ?20,i98 774,953 Tolal Si4.i55 220,598 774.Y53 Page 30
Pembroktshire and Carmarthen Illind L¢d Detailed Statement ol Financial Actii'itie5 for the Year Ended JI March ?024 31.3.24 31.3.23 INCO.MTr: AD ENDOWMI F.Tr*TS Donation5 and legaci¢5 Mana&icm¢ni fee Donations RooEn rent runds transfer from Mind Camanhen 1,913 24,953 49,81) 2,313 4i2.70.i 504.831 26,866 Charitablc aelivilies Grants 1,13? 147 859,076 Other incomc Active moniioring managcment 35.1)Oi Tutdl incoming resources 1,6)6,978 9?1,845 F.XPENDITURE Raising doiiativns ILXdCiCS 3,81.5 Social security Pensions Siafr expense.% oirice cosls Insuranccs and subscriptions Planl dnd mdchinery 371 78 70 78i 1,081 1,981 1,035 1,981 10,601 ¥,U41 Charitable activiti¢s Wag¢s Social securil). Pensions ()l-Iiic rcnl and water rates Pemhs I lousing Associaiion Linhi and heal Repairs and maintenance Cledning l elLvision liccncc and Tental RcfrLshmellts Acti ities Staff travel and expenses Carried fonvard 538.659 35.545 9.912 ,464 15,157 li.045 14,752 2,755 41.697 16,796 6.356 9.807 5,676 18,154 698.861 88_),619 -l-hi% Pdgc doL5 noi lonn part of the statutory, financial staTements Page31
Pembrokeshire and Carmarthen Mind Ltd DL.tailed Statement of Financial Acti%'ities for tlie Year F.nded 31 Vlar¢h 2024 31.3.24 31.3.23 Charitable activities Brought forward Volunteer expLnses and Iraining Sub cuntraclc)rs 883.619 676 9.024 698.861 20.517 893,319 719.378 Support cosls Management 80,535 5.212 5).159 Social security Peiisions Staff expenses Office costs StatT iraining and recruitment Insurances. affiliaiions and subscripiions Pro)mulioniil costs Profcssional lees Plant and machincry 1,018 1,014 18,620 5,595 1,135 2,449 22,206 7.884 ,829 14,777 13,927 176,05? 141,584 Goi'ernance costs WagFCS Social security Pensioi)s Auditors, rcmun¢raliun Auditors, remunerdtion for non audil ivork Stdll" cxpcn5es Office costs Bank charges Dcprccialion of tangible fixcd asscts 17.114 1.617 1,667 4,848 3,990 4.183 315 3,522 5,501 568 1,669 1,360 45,207 31,537 Total resources cxpcndcd 1,125,179 900,5 40 Net income il 1,799 21.301 This paiTC docs not forni part of thc statutor)" financial 5talements Page 32