REGISTERED COMPANI, NUfvIBER: 09449i8i (Englan(l and Wales) REGISTCREDCHARITI, NUMBER.. 116133 REPORT OF THE I"RUSTEES AND TATEM R THE YEAR ENDCI D31 fvIARCFI 2024 .4NE IMIN *ADD88M34• 0711012024 COMPANIES HOUSE #243 Ch41rles &, Co Cliai1ered Cerli I led Accoiinlaiiis J fvluri'ay Sireel Llanelli Camiarihenshire SA15 IAQ LLANLLLI fvIIND CONTENTS OF THE FINANCIAL STATEMENT FO TH CAR ENDED I ￿lARCH 2 24 Page Repoi* of the Trustees Independent Exiiminer's Report St4iemeni of Finthnciul Activities Baliinee Sheet Notes lo tlie FinnnciAI StAtem¢nts 9 10 li Deigiled Siatement of FiniiiiiiAI Activities 16 LLANELLI MIND REPORT OF THE TRUSTLES R TI.IE I'EAR ENDLD31 MAR H 2024 The inistees iyho are also directors of the charity for the purposes of the Companies Act 2006, present their report with Ihe financial statenients of the charily for Ilie )i¢ar ended 31 March 2024. "rhe trustees have adopted ihe provisions of Accounliii¥ and Reporting by Charities.. Sialeii)¢nt of Re¢omiiieiided Pr#ciice 41pplicable lo charities pr¢parI114￿ their accoiiiils in aL'cordaiice wilh the financial Rep)rtiiig Standard applicable in the UK dnd Republic of Ir¢laiid (FRS 102) leffeciive l Jai)uary 2019). LLANELLI MIND REPORT OF THE I'RUSTLES FOR THE I'EAR ENI DED31 MARCH 2024 OBJECTIVES AND ACTIVITIFS Objectives #n(1 iiims Llaiielli Mind is 01)e ol. a network. of local Minds in Wales. Wo￿11]g to iniprove tl)e lite of i)eople affecied by 17ienlal distress. We. are an independeiit charity ii) our owii right and ive welcoine the iiivolvemeni of people ivho theniselves elperience n)ental health problems participlllino as 'lrustees, staff, voluiiieers or fvnd-raisers. Visioii.. We will nol give up until everyone experiencing a iiienlal healih probleni gels boih supwrt and respea. Oiir Mission: We pi'ovide advice and support lo emw)iver anyone experienLin¥ a menlal health problem. We cainpaign 10 iiiipl'ove services, raise aivareness and proniote undersiandin(T Ive work 10 Create a beller life 'for everyone wilh experieiice of nienial distress in¢ludingJ eareis, faniily. friends dnd supporters. Goals.. Siayii)g ivell .. Proiiioling giood I￿e1)i8[ health aiid wellbeing. Enipowei'ing Choice.. for people. who experience k mental healih problem, to i)iJke informed clioices About how ihey live aiid IEcovei'. Iniproviii&J services Mnd siii)i)oil.' ensuring Ih' uiid objeLtives Mosl ol. Il)e chai'ity's fuiids are io be speni ii) Ilie short term, and Ilie Board lakes Ihe view Ihal Ihose nol Irquired lo be spei)r 51iould l)v held as reserve pl#ced in a readily accessible, inleresl-bearii)g' bank deposii accoiii)l. Reseives polscy I"he Board has exaniined ihe cliarily's reqiiirenienis for reserves in light of the iiiaii) risks to the oi'ganisation. It has ¢Sl* in the event of winilintr lip. -rhe TrLisiees, who are also the directors and o￿lCerS of the L'ompanv, consiitiiie its Board. The Board nieets quarterly and officers are available for consuliation by staff. individuftlly aiid collecl ively, in Ilie interim beiween meetiiigs. Ai ei?Lh ai)nLial general meeiing (AGM), oli¢ third of the Trusiees reiire by rolaiion bul cai) siaiid for rt-¢leciion. I'rvslees are appointed by election al each AGM, beiiig proposed by TrLisiees or iiieiiiber5. During? Ihe year the Trustees, Iviil7 such Trustees holdin¥ office uniil ille folloivin¥ AGIM, may m41ke T1'uSt￿ vacancies filled and appoint additional Irusiees. Trustee Re¢riiilment, Induction and Traiiiing As an or¥aiiisalioii. we work proactively to seek out new Tnistees with the skills, eAperieiice and divei'sily 10 ￿ neci the coiiiniiiiiilies in wliich we ivork. All prospectiv¢ Irustees ¢ompleie a skills audit lo allow LIS to assess tlie conlribulion5 they iiiay be able io i)iake 10 Ihe existing Tnislee Bo<1rd. We provide prospeclive Trusie¢s with coniprelieiisive it)tomiaiion 10 help Iliem understand Ilie charity aiid responsibililies ol, beconiingi a Trusie¢. Prospe¢iiv¢ candidfties al'e interviewed b), Ilie. Lliair and Chief c.¥eculive and Illuidiince on piiblic. benefit i)Iiblished bv the commissioi) iii exercisingi Iheir powers or duiies. Page 4 LLANELLI MIND PORT OF T FOR THE YEAR ENDED 31 MARCH REFERENCE AND ADMINISTRATtVE DETAILS Reglstered Company Dumber 09449585 (England and Wales) Reglstered Charlty number 1161335 Registered office 2&28 Inkern]an Street Llallelli SA15 ISA Truste Mrs H J Davies- Parnons A S J Mq)bersoD A J Protheme SGThon l J Phillips A R Bragoli (appointed 6.7.23) Company Secretary Independent Examlner Robert Ashley Williams. Charles & Co Chartered Certified Aceountants 3 Murray Street Llanelli Carn)artbenshire SA15 IAQ Approved by or of the board of trustees on 24 September 2024 and signed on its behalf by: A S Y Mcpherson- Tnjstee Page 5 IIYD PLIYDEINT EXAfyqINFR'S REPORT T AN'EL I MIND THL TRUSI"LES OF Independeiit examiner's repoit to the trnstees of Ll44 nelli N,lind ('the C(>mpilny') I report lo the cliarity tnisle¢s on iiiv examinatioii of the accounis of tlie Coiiipany for the year ended i l March ?024. Respoiisibilities gnil bASiS of report As ilie cliai'ity'5 Irusiees of Ilie Coinpany (and also its direclors for the puwses of coinpany la¥v} yoii I￿ re5ponsibl¢ for the pi'epararion of Ihe accoLill15 in accordance wilh the reqLiirei))enls of Ihe Con)panies Aci 2006 {'Ihe 2006 Aci,). Haviiig satisfied niyself that the accolinis of the Coiiipany are not reqiiired 10 be audited uiider Part 16 of the 2006 Act 11d are eligible for independent examinatioii, I report in respect of niy eKaniination ol. your chai'ily's accounrs as carried oul under Seciion 145 of the Charities Act ?01 I I'tlie 2011 Act.). In carryingi out my ex8miniltion I have followed tlie Dii'eciions given bv Ilie Charifv Commission under Section 145(5) (b) of the 201 I Aci. Independent examlner'$ slntem¢nt SinLe your charily's gross iiicoi)ie e,x¢eeded £250,000 your examiner niiisi be. a iiieniber of a Iisied body. I can Coiilii'm Ilinl l ali) qualified lo iinderlake the exainiiialion because l ain a Ineiiiber of ihe Associaiion ol. Cliartered Ceitified Accoiinlanis, which is one of Il)e listed bodies. I have coi)Ipleied my examination. I confirni that no malt¢rs have conie lo niy attention in coiineciion willi tl)e exaiiiinaiion oivin5 431,033 7i8,088 j85 ?8 J TOI"AL fuyi DS CARRIF.D FORIVARD 579,539 168,?24 747.763 738,088 Tlie notes forni part of Iliese finhncial sraienienls Pagje 7 LL LLI MIND CE SHEET MARCH 2024 2024 Totsl 2023 Totsl funds Unrestticted Restricted Notes FIXED ASSETS Tangible assets 120,058 120,058 120,058 Debtors Casb at bank 51,345 581.473 468.932 168225 637,157 468,932 168225 637,157 632.818 CREDITORS Amoullts faUiDg within one year (9.452) (9,452) (14.788) NET CURRENT ASSETS 459.480 168225 627,705 618,030 TOTAL ASSETS LESS CURRENT LIABILITIES 579,538 168225 747,763 738,088 NET ASSETS 579,538 168225 747.763 738.088 FUNDS Unrestricted funds Restricted fi￿dS 579,538 168225 307.055 431.033 TOTAL FUNDS 747,763 738.088 The charitable compony 18 cntitled to exemption from audit uoder Sethion 477 of the Comp8Dies Ad 2(M)6 for the year ended 31 March 2024. The members have not required the company to obtain an audit of its financial 6tat¢m¢Dts for the ￿ar ended 31 Ma￿h 2024 io accordallc¢ with Section 476 of the Compani¢s Acl 2(K)6. The In￿leeS acknOwl￿18e their Tesp005ibilities for {a) ensuring that the ¢haritable conwany keeps aC￿UaLltig rerA)rds that comply with Sections 386 8nd 387 of the Companias Act 2006 and pffparing financi81 statemejts which give a true and fair view of the state of affaits of the clwilable company as at the end of each fuwicial year and of its surplus or d¢ficit for each financial yeaT in arxordanc¢ with the requirements of Sections 394 and 395 and which othmvise cornply with the requirements of the Companies Act 2006 relating to fiDan¢ial stst¢menl4 $0 far applicable to th¢ Cfftwitable company. (b) These financial slatements bave been prepar￿1 ID actorthce with the provisions applicable to Cbaritsble CODyanies subjert to the small companies regime. The financial statements were appyoved by the Board of Trusteu al￿ authorised for issue on 24 September 2024 and wer¢ signed on its b¢haif by: A S J Mcpherson- Tn￿te¢ The notes form part of these financial slatements Page 8 LL.4NLLLI MIND NOI"ESTO THE lrylN'ANCIAL TATEMIENTS R THE YEAR LNDED31 MARCH ACCOUNTINC POLICIES BASIS prep#rbng the finAnei%l stll tements The financial slaTen)ents ol the charitable ¢ompaiiv. which is a public benefit eniity linder FRS 102, have becii prepared iii accordance iyiih the Cliarilies SORP (FRS 102) 'kK¢counting aii(l Reporting by Charities.. Sialenient of Recommei)ded Pracrice aiiplicable 10 chai'ilies preparing their accounts in accoiylance ¥viih the Finil iicial Reponints Standard applicable in the UK and Republic of Ireland IFRS 102) {effective l Jaiiuary ?019)', Financial RepotTino Standard 1.0? 'The Financial Reportin8 Standard applicable in the UK and Republic of Irelaiid, and tl)e Companies Acl 2006. The fii)ancial siaienienls hLive beeii prepared under the historical cost conveniion. FiD4nciiil reporting $tiindMr(1102 - reduced disclosure exenii)lion¥ The charil¢ible ¢ompaiiy has taken advaniaTr¢ of tl)e folloiviiig disclosure eyemplioi) iii prepitriiigi Ihcse financial staiements, as peniiiiied by FRS 102 'The Financial Reportinty Standard applicable 111 Ihe UK aiid Republic of Ireland.: the requirenienls of Se¢iion 7 Staienieiil ofcasli Floivs. Income All income is recognised in Ilie Statemeni of Fiiiancial Aciiviiies oiice the ch