REGISTF.RF.D cO￿1PANI Y liLMBF.R- 08521406 (F,n(Wla￿d 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 ACCOUn￿nts 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 Ad￿1￿1StraIl5'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 Da￿leS (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)rdi*e%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 lia￿e 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 ph￿SICal 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 knO￿lL￿&￿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.P*lFICA.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 behavi0￿5, 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 A￿are
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 pro￿lding 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. IndI￿ldual5 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-hosp1￿l.
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 V*ith 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 a￿letIeS as i*ell 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<iblL". fun, outdoor activiiies.
Ciliicns Advice Pembrokeshire can advisc and support clicnts on a ranue of- issues that can include benefit checks and
appcals, dcbt managcinent and eneruN' adi.'icc.
-I'he success of thc scrvicc has attracted funding from the Regional Integration l.-und.
Ruuts to Recoi'er)" IR2RI
Roois io Rccoveri, is dclii'cred in partnership b!, Pembrokeshire Coast Naiional Park and PeTnbrokeshiie Mind. R2R is all
about thc restoraiivc po￿￿.¢[% of thc ouidoor5. benefiting the mental l)ealth and ￿e]IbeIng of people in Pembroke. The projeci
is supported by Ihe National Lotter¥' Comtnunity, Fund until September 2024.
R2R pruvides a space to join in ourdoor experiences and supported Yolun(ccring opportunities. improving mental hedlth b),
conneciion ivith oihers and doing someihing to help our Naiional Pdrk and M'ild placL5.
Resource Centres
I lavcrfordwe5t - 365 days a vear, Pembrokc Dock - 2 da￿S per M'cck, and Carniarthen Town - i days per week and one
Saturdav a month..
Our Rcsource ('entrL drop in5 arc Ihc hub of our acti¥ities. Our Teams prol'ide support, one to one, face to face, over the
phonc and digitallN'. The), encourage and find positlvc 501utions lo Ihc challciiocs faced. They brcak down sligina and
di5¢rimination bv challenging ihai M.hcncvcr they can and being p05ltiN'e role models.The}' proK'ide a range of ￿'¢lIbeing
activities in oroups that enablc people to tscl togcihcr: build neiv skill: leam ne￿ hobbies and mak-e friends. Activitie5 are co
prodllced u.%ing the e.xpertise of people with li￿ed experience ol. tnental healih concerns and range ITOM music to gardenino
to crochet and designii)g jei*elleJi' to sell al crafi fairs. W"'L havL d fdbulous ￿roup of volunleers ivho w'e could nol do
without.
FINANCIAL RTr:VITr:W
Priiicip31 fuIidin2 souree.s
Pembrokcshirc CoLint)' council monies ensurc Lan continuc to offif scTricc5 to peoplc thFouoh our Rcsouicc Ccntrc. Our
Aduli Carers servicL IS also funded b% the County. Council.
Fundinft r¢Leivcd from Hywel Dda Universitv Health Board, ensures tl)e conrinued proiiision of ollr 365-daJi a year Re_%ource
entre seTh'ice for all Pembrokeshire rcsidents have c.xpcricnic of minlal ill healih. lThc Earlv Intervcnlion.IEmplLivmLnt
Support SerN'ice is also tunded bv I lis¥'el Dda Unik'ersiiy Healih Lloard. Aciivc Monitoring, LIPIESW l Larl), IntLfvLnlion
Ps>'clioSLS ELI)plovment Sllpportl Sanctuar%' and HiTr%pilalitN'_ ei."ening dnd niohi titnc 5erviLL". dnd fvlums NldltLf, PLri ndial
mental healih service.
(JP Cluster5 fund our P4tJ Service
Siipporting Peopl¢ fund our Housinc
proi'ided.
Ndtlulldl l.atterJ' Community fund suppons our Roois2Rccovery Project ￿la ihe Pernbrokcshire Coasi Naiional Park..
The charitv is also fortunale 10 haN'e some local indii'iduals and businessLs ￿.hO Support u.s financiall}, and for ihib WL are
grateful.
Project". ￿lthOUt this the 5UPPOrtLd housing projects and floating support could not be
Pagc 6

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 rese￿eS 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 a￿an<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
Framel￿OrkS
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 ha￿e 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 Rc￿le%￿ 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 Or￿an]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 Challen￿e$ 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 lia￿e 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 vir￿all￿ 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.NIAIYAGEME￿T
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)0￿5 Police
D>'f¢d Pol￿S 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 estab￿1Shed 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 calla￿heT, 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 re￿ular 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 C￿LIa1 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 O￿aniSational 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' Charl￿bIl. 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 lia￿e audited the [￿a[l￿1a1 sldl¢mcntS Dr Pcrnbrokeshire and Carniarthen Mind Lid (the 'charildble compan) ) lor IhL )'Cdr
ended 31 March 2024 i*hich 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-
ha￿e 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 I￿1th 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 ha￿e 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. i￿heth¢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.
RC￿on￿bIL 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 lai*s 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 g0￿ern￿lce
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
rc￿1clI. 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.Uk1a￿O1t0rsresponsibilIrI¢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 b￿15 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 actI￿lI1eS 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 ￿l￿reh 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)Co￿lE
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 follo￿5..
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 Go￿ernment has a legal charge ovcr thi5 propert%'.
"rhc rcstrictcd funds carriLd fo￿Vard 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-n￿leeS 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: A￿D 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