REGISTERED COMPANY NUMBER: 09449585 (England and Wales) REGISTERED CHARITY NUMBER: 1161335 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 FOR LLANELLI MIND Iiiimiin 'AEA2HJSG* 1310912025 COMPANIES HOUSE A12
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Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carmarthenshire SA15 IAQ
LLANELLI MIND CONTENTS OF THE FINAIYCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10 to 17 Det8iled Statement of FinAncial Activities 18
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The truslees who are also director5 of the charity for the purpose5 of the Companies Act 2006. present their report with the financial statemenls of the charity for the year ended 31 March 2025. The trustees have adopted Ihe provisions of Accounting and Reporting by Charities.. Statemenl of Re¢ommended Practice applicable io charilies preparing Iheir accounts in accordance with the Financial Reporting Slandard applicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). Page I
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR EiYDED31 MARCH 2025 OBJECTIVES AND ACTIVITIES Objectives and aims Llanelli M ind is one of a network of local Minds in Wales, working to improve the life of people affected by mental distress. We are an independent charity in our own righi and we welcome the involvement of people who themselves experience mental health problems participating as Trustees, staff, volunteers or fund-rdisers. Vision= We will not give up until everyone experiencing a mental health problem gets both support and respect. Our Mission: We provide advice and support to empower anyone experiencing a mental health problem. We campaign to improve services. raise awareness and promole undersianding. We work to create a better life for everyone with experience of menial distress including carers, family, friends and supporters. Goals: Staying well - Promoting good mental health and wellbeing. Empowering Choice: for people who experience a mental health problem, to make informed choice5 about how they live and recover. Improving services and support.. ensuring that people receive the appropriate services and support at the right lime io help Iheir recovery and lo enable them lo live with their mental healih problem. Enabling social participation.. opening Ihe doors to people with experience of mental health problems 10 enable Ihem to participate fully in society. Removing inequality of opportunity.. striving for equality of treatment for people who experience both mental health problems and orher forn)s of discrimination. Organisational excellence; making Ihe most of our assets by building a culiure of excellence. Public Benefit and Aims.. The Trustees consider how planned aciivities will contribute to the aims and objectives of working to create a better life for everyone with experience of mental distress. They do ihis.. by advancing the views, needs and ambitions of people affected by mental dislress (including carers, family. friends and supporters. By influencing policy through involvement in the planning, development and review of lo¢al mental health services; Continue lo challenge discrimination, whilst promoting inclusion. Through the developmeni of quality services, which reflect expressed, need and diversity. Striving to create equal rights through the creation of opportunity. Objeclives for 2025 -2026: To Strengthen the collaborative work with the local Minds across West Wales and Mind Cymru. To continue to strengthen the relationship with our partners and stakeholders within the community of Llanelli and surrounding areas- To maintain and develop our core services to members and the wider comrnunity. To conlinue to explore business development opportunities that increases our reach to those experiencing mental distress. including children and young people. Raise funds for young persons crisis preventative café. Page 2
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Achievements and performance Charitable activities The year 2024-2025 has been marked by significant achievements for Llanelli Mind, solidifying our position not just in Llanelli and Carniarthenshire, but also extending our influence beyond these regions. The lingering effects of the Covid-19 pandemic have heightened the recognition of mental health issues and increased the demand for our services. Our dedicated team has worked tirelessly to provide exceptional support to numerous vulnerable individuals in our community. Our primary focus reTnains on fostering resilience within the community. calering to diverse age group5.from the young to the elderly. Central to our mission is Ihe commitment 10 good governance. an area in which we have made substantial progress over Ihe past year. The appointment of an Operations Manager has been pivotal to our organisaiional growth. bringing valuable expertise and driving our progress forward. We have welcomed new staff members whose enthusiasm and fresh perspectives have been instrumental in our development. we have seized n¢w opportunities, Including recruitment of Community Engagement and fundraising coordinator,. Our fvndraising efforts have seen significant strides, highlighted by a menial healih awareness week in collaboralion with our community. This event featured staff and volunteers participating in a Don't Sleep on Your Mental Health" 1986 Lap Challenge cold water therapy dip at North Dock. and well held our first annual Gala Ball for world menial Healih Day, demonslraiing our commitment 10 mental health awareness and community engagement. We have successfully delivered three counselling services within the Elli cluster and are expanding thi5 model lo oiher areas, including Ihe Upper Swansea Valley. Looking ahead, we have committed 10 becoming a zero-tolerance anli-racist organisation and have developed a carbon reduction srralegy, aiming 10 cut emissions by 34 % by 2030. In summary, we have built upon the robust foundations laid by our team and are actively planning for the future. Exciling opportunities lie ahead, including many fundraising initiatives, such as Llanelli Mind and Community - The Community Step up for Llanelli Mind. Every slep you take and every pound you raise helps build a space thai could save a life, in conjunction with mental Health awareness week, partnership wilh the Gale a caravan sile in Llanelli, laking part in help a hero day 2.5k to sk walk, run, jog elc and our annual Gala ball. Together, we continue to advance our mi55iolli providing essential menlal health services and fosterin8 a resilient, supportive community. Financigl review Financial position The results of the charity are shown in the Slalemenl of Financial Aclivities on page 8. The net movement of unrestricted funds amounled to (£89,935) (2023124 £272,484). The unre5tricled reserves of the charity al the year-end amounled lo £489,603 of which £300,737 was tuent with £188,866 invested in Fixed Propety. Total income for the year was £482,360 (2024-£624,396) with expenditure of £584,237 (2024-£614,721) creating deficit of £ l 01,877 {2024-surplus of £9,675) for the year. Principal funding sources Our principal funding sources are Hywel Dda University Health Board. Garfield Western, Awards for all the Lottery, levelling up Carmarthenshire County Council, Llanelli Cluster and Upper Swansea Valley Cluster, Investment policy and objectives Most of the charity's funds are lo be spent in the short temi, and the Board takes the view Ihat those not required 10 be spent should be held as reserve placed in a readily accessible, interest-bearing bank deposit account. Page 3
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRATEGIC REPORT Financial review Reserves policy The Board has examined the'charity's requirements for reserves in light of the main risks to the organisation. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between three and six months core expendifure. Budgeted core expenditure for 2025126 is expected lo remain in ihe order of £250,000 and therefore the target is between £62,500 and £125.000 in general funds. At present £300.737 is available to the charity as free reserves. The coming year will remain a challenging year, with ihe continued development of a number of redesigned service delivery models. The Board notes the impact that this may have on the reserves position. STRUCTURE,COVERNANCE AND MANAGEMENT Governing documenl The organisation is a charitable company limited by guarantee, incorporated on 19.02.2015 and registered as a charity on 20.04.2015. The company was established under a Memorandum of Associalion whi¢h established the objects and powers of the charitable company and is governed under ils Articles of Association. Recrultment and appointment of new trustees The Trustees have established a single class of membership, for individuals suffering from mental distress and their Carers, family, friends and supporters. Members of the company guarantee to contribute an amount not exceeding £ l O to the assets of the company in the event of winding up. The Trustees, who are also the directors and officers of the company, constituie lis Board. The Board meets quarterly and officers are available for ¢onsulialion by sihff, individually and colleciively, in the inierim between meetings. At each annual general meeting (AGM), Ohe third of the Trustees retire by rotation bul can siand for re-election. Trustees are appointed by election at each AGM, being proposed by Trustees or members. During the year the Trustees, with such Truslees holding office until the following AGM, may make Trustee vacancies filled and appoint additional trustees. TTUStee Recruiiment, Induction and Training As an organisation, we work proaclively to seek oul new Tru51ees with the skills. experience and diversity to reflect the communities in which we work. All prospective trustees ¢omplete a skills audit to allow us to assess the ¢ontribulions they may be able to make to the existing Trustee Board. We provide prospective Trustees with comprehensive infomation to help them understand the charity and responsibililies of becoming a Trustee. Prospective candidates are interviewed by the chair and Chief Execulive and may Ihen be invited to attend a board meeting as an observer. Appointments will be subject to the vote in a Board meeting. Prior to appoinlmenl we ask that prospective Tru51ees make clear that Ihey: understand and accept the role and legal responsibilities of being a Trustee where those actions will be governed by charity and company law- are able to commit sulricient time to being a Trustee- are willing to become a member of Llanelli Mind. accept Ihe M i55ion. Aims and Objectives of Llanelli Mind. We follow this up with an induction process lo ensure that new Trustees have the opportunity to familiarise themselves with the organisaiion and the context within which it works. The Chair of the Board of'Directors manages the induction process. Page 4
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The Board delegates day-lo-day management of the charity 10 the CEO, who allocates within the Management Team key responsibilities for core service delivery, service developmenl, oversight of HR processes and procedures, Health and Safety, training and staff development, financial planning and administration, volunteer development and estates management. Rlsk management The Board regularly monit0r$ significant risks to which the organisation is exposed and conducls an annual review. Where appropriate. systems or procedure5 are in place lo miligaie the risks the organisation faces. External risks to funding are managed through close budget scrutiny and planning and the development of a strategic plan, which will examine financial sustainability. Internal financial risks are minimised by the implementation of policy and procedures for authorisalion of all transactions and budget spends. There is also policies as well as an annual audit for Health & safety. Considering ihe challenges faced, the Board of Truslees confirnis ihat the charity trustees have complied with their duty to have due regard to the guidance on public benefil published by ihe commission in exercising their powers or duties. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 09449585 (England and Wales) Reglstered Charity number 161335 Registered office 26-28 Inkemian Street Llanelli Cannarthenshire SA15 ISA Trustee$ Mrs H J Davies- Parsons A S J Mcpherson A J Proiheroe S G Thomas l J Phillips A R Bragoli Company Setretary ndependent Examiner Robert Ashley Williams. Charles & Co Chartered Certified Accountants 3 Murray Street Llanelli Carniarthenshire SAIS IAQ Page 5
LLANELLI MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the company directors, on 19 August 2025 and signed on the board's behalf by: S J Mcpherson - Trustee
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LLANELLI MIND Independent ex8mlner's report to the trustees of Llanelli Mind ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for ihe year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also ils directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audiied under Part 16 of ihe 2006 Act and are eligible for independent examination, I report in re5pecl of my examinalion of your charity's accounls as Caled out under Section 145 of the Chariiies Act 2011 ('Ihe 201 l Act,). In carrying out my examination I have followed Ihe Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independent examiner's statement Since your chariiy's gross income exceeded £250.000 your examiner must be a member of a lisied body. I can confirni that l am qualified to undertake rhe examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confirni that no mallers have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in respecl of the Company as required by Seclion 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement thai the accounts give a true and fair view which is not a matter considered as part of an independent examinalion- or the accoun15 have not been prepared in accordance with the methods and principles of rhe Statemeni of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accoun15 in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102)). I have no concerns and have come acmss no other matters in connection with the examination to which attention should be drawn in thi5 report in order to enable a proper understanding of the accounts to be reached. Robert Ashley Williams. The Association of Chartered Certified Accountants Charles & Co Chartered Certified Accounlants 3 Murray Street Llanelli Camiarthenshire SA15 IAQ 19 August 2025 Page 7
LLANELLI MIND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricied funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 43,854 438,506 482,360 624,396 EXPENDITURE ON Charitable actlvlties GENERAL 154,805 429,432 584,237 614,721 NET INCOMEI(EXPENDITURE) Transfers between funds (110,951) 21,015 9,074 (21,015) (101,877) 9,675 Net movement in lunds (89.936) (11,941) (101,877) 9.675 RECONCILIATION OF FUNDS Toial funds brought forward 579,538 168,225 747.763 738,088 TOTAL FUNDS CARRIED FORWARD 489,602 156,284 645,886 747,763 The noles fonn part of ihe5e financial statements Page 8
LLANELLI MIND BALANCE SHEET IMAR H 2025 2025 Total funds 2024 Total funds Unrestricted fund Restricted funds Notes FIXED ASSETS Tangible assets 188.866 188,866 120,058 CURRENT ASSETS Cash at bank 313,827 156,283 470,110 637,157 CREDITORS Amounts falling due within one year (13,090) (13,090) (9,452) NET CURRENT ASSETS 300,737 156,283 457,020 627,705 TOTAL ASSETS LESS CURRENT LIABILITIES 489,603 156,283 645,886 747,763 NET ASSETS 489,603 156,283 645,886 747,763 FUNDS Unrestricted funds Restricted funds 489,603 156,283 579.538 168.225 TOTAL FUNDS 645,886 747,763 The charitable company is entitled to exemption from audit under Section 477 of Ihe Companies Aci 2006 for the year ended 31 March 2025. The members have not required the company io obtain an audit of lis financial statements for the year ended 31 March 2025 in a¢cordance with Seciion 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring thal the charitable company keeps accounting records thal comply with Seclions 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the slate of affairs of the charitable company as ai Ihe end of each financial year and of ils surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Aci 2006 relating to financial statements, $0 far as applicable to the charitable company. (b) The financial statements were approved by Ihe Board of Truslees and auihorised for issue on 19 August 2025 and were signed on its behalf by.. A S J Mcpher50n - Trustee The notes form part of these financial statements
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTINC POLICIES Basis of preparing the financial statements The financial siaiements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounling and Reporting by Charities.. Staiement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019)., Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial 51atemenls have been prepared under the historical cost convention. Financial reporting standard 102 - reduced disc105ure exemption5 The charitable company has taken advantage of the following disclosure exemption in preparing these financial statements, as perniitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requiremen15 of Section 7 Statement of Cash Flows. Income All income is recognised in the Statement of Financial Activities once the charity has entitlemeni lo Ihe funds, it is probable thal the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation ¢ommitting the harily lo thai expenditure, il is probable thai a iransfer of economic benefiis will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregale all cost related to the calegory. Where costs cannot be directly attributed 10 particular headings they have been allocated lo activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided al the following annual rates in order to wrile off each asset over its estimated useful life. Freehold property Plant and machinery noi provided 200/0 on cost Fixed Assets purchased wilh restricted funds are expensed in the year of purchase. Taxalion The charity is exempt from corporalion tax on its charitable a¢iivities. Fund accounling Unreslricled funds can be used in accordance with rhe charitable objeclives at the discretion of the tru51ees. Restricted funds can only be used for particular restricted purposes within the objects of (he charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanaiion of the nature and purpose of each fund is included in the notes to Ihe financial statements. Pension costs and other post-retirement benefits The charilable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. Page 10 continued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED31 MARCH 2025 DONATIONS AND LEGACIES 2025 2024 Donations Grants Interest 54,231 415,573 12,556 11.581 608.154 4,661 482,360 624,396 Grants received, included in the above, are as follows.. 2025 2024 General 415,573 608,154 CHARITABLE ACTIVITIES COSTS Direct Costs GENEIiAL 584,237 TRUSTEES, REMUNERATION AND BENEFITS There were no Iruslees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries other pension costs 452,720 28,435 505,857 25,791 481,155 531,648 The average monthly number of employees during the year was as follows.. 2025 2024 Management Project Workers Administration 14 16 19 No employees received emoluments in excess of £60,000. Page 11 ontinued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Freehold property Plani and machinery Totals COST Ar l April 2024 Additions 120,058 68,808 881 120.939 68,808 At 31 March 2025 188,866 881 189.747 DEPRECIATION At l April 2024 and 31 March 2025 881 881 NET BOOK VALUE At 31 March 2025 188,866 188,866 At 31 March 2024 120,058 120,058 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Accrued expenses 13,090 9,452 MOVEMENT Iiy FUNDS Net movement in funds Transfers between funds At 31.3.25 At 1.4.24 Unrestrieted fund$ General fund 579,538 (110,950) 21,015 489,603 Restricted (unds CLUSTER Active Monitoring Children & Young People Swansea Valley Cluster Operations Development Hoarding Social Inclusion Day Opportuniiies Ponlardawe Backlog Carers Fund Community Engagement Fund Anchor Project Cost of Living CC Social Inclusion 40.794 21,132 57,893 32.978 10,190 5,000 4,390 (5,589) (30,270) 15,501 (9,441) (2,598) 292 473 1,496 64 32.896 478 45,184 (15,543) (1,822) 25.801 48,479 (749) {2,402) (343) (660) (1,496) 187 64 32,896 2,478 2,000 210 210 168,225 9,073 (21,015) 156,283 TOTAL FUNDS 747.763 (101,877) 645,886 Page 12 continued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS - tontinued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Net movement in funds, included in the above are as follows.. Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 43.854 (154,804) (110,950) Restricted funds CLUSTER Aclive Monitoring Children & Young People Swansea Valley Cluster Operations Development Hoarding Social Inclusion Day Opportunities Pontardawe Backlog Carers Fund Community Engagement Fund Anchor Project Cost of Living Buxlon Mover5 CC Social Inclusion 117,309 28,538 10,499 61,336 4,390 (5.589) {30,270) 15,501 (9,441) (2,598) 292 473 1,496 64 32,896 478 (34,127) (40,769) (45,835) (9,441) (2,598) (86,315) {71,390) (8,170) (285) (11.014) (1,522) (3,257) (2,000) 209 86,607 71.863 9,666 349 43,910 2,000 4.428 2,000 210 438,506 (429,433) 9,073 TOTAL FUNDS 482,360 (584,23 7) (101,877) Page 13 continued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Nel movement in funds Transfers between funds Al 31.3.24 Ai 1.4.23 Unrestricted funds General fund 307.055 (4,645) 277,128 579,538 Restricted funds CLUSTER Twighlight Sanctuary Cwych Croeso Active Monitoring Befriending I Befriending 2 Welcome Centre Mums Matter Children & Young People Swansea Valley Cluster Refurbishment Grant Operaiions Development Hoarding Social Inclusion Day Opportunities Pontardawe Backlog Carers Fund 33,517 96.726 87,309 21.593 17.062 86,513 12.306 10.916 21,235 31.377 12,479 7,277 (679) (29) 5,963 3,421 (25,795) (4,898) (913) 42,408 1,601 (12,479) (7,810) 5,000 40,794 (96,047) (87,280) (6.424) (20,483) (60,718) (7.408) (10,003) (5,750) 21.132 57,893 32.978 18,000 10.190 5,000 187 187 (115) (900) 900 431.033 14,320 (277,128) 168,225 TOTAL FUNDS 738.088 9,675 747.763 Page 14 continued...
LLANELLI MIND NOTES TO THE FINAIYCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 80,738 (85,383) (4,645) Restrieted funds CLUSTER Twighlight Sanctuary Cwych Croeso Active Monitoring Befriending I Befriending 2 Welcome Centre Mums Matter Children & Young People Swansea Valley Cluster Refurbishment Grant Operations Development Hoarding Social Inclusion Day Opportunities Pontardawe Backlog Carers Fund 104,743 50,134 {97,466) (50,813) (29) {46,232) (12,677) (52,677) (11,927) (912) (36,429) (49,233) (16,298) (29,809) 7.277 (679) (29) 5,963 3.421 (25,795) (4,898) (913) 42,408 1,601 (12,479) (7,810) 5,000 52.195 16,098 26,882 7,029 (i) 78,837 50,834 3.819 21,999 5,000 63,681 52,841 7,567 2,000 (63,630) (52,654) (7,452) (1,100) 187 115 900 543,658 (529,338) 14,320 TOTAL FUNDS 624,396 (614,721) 9,675 Page 15 continued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MAR H 2025 MOVEMENT IN FUNDS- continued A cuent year 12 months and prior year 12 monihs combined position is as follows: Nel movement in funds Transfers between funds Al 31.3.25 At 1.4.23 Unrestricted funds Generdl fund 307,055 (115,595) 298,143 489,603 Restricted funds CLUSTER Active Moniioring Children & Young People Swansea Valley Cluster Operalions Development Hoarding Social Inclusion Day Opportunities Pontardawe Backlog Carers Fund Community Engagement Fund Anchor Project Cost of Living CC Social Inclusion 33.517 21.593 21,235 31,377 11,667 374 12,138 17,102 (17,251) 2,402 343 660 45,184 (21,967) (7,572) 25,801 48,479 17,251 (2,402) (343) (660) (1.611) {900) 964 32,896 478 64 32,896 2,478 2,000 210 210 107,722 64,765 (16,204) 156,283 TOTAL FUNDS 738,088 (92,202) 645,886 Page 16 continued...
LLANELLI MIND NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 31 MARCH 2025 MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestricted funds General fund 124,592 (240,187) (115.595) Restricted funds CLUSTER Active Monitoring Children & Young People Swansea Valley Cluster Operations Development Hoarding Social Inclusion Day Opportunities Poniardawe Backlog Car¢r5 Fund Community Engagemeni Fund Anchor Project Cost of Living Buxton Movers CC Social Inclusion 222.052 80,733 89,336 112,170 21,999 5.000 150.288 124,704 17,233 2,349 43,910 2,000 4,428 2,000 (210,385) (80,359) (77,198) (95,068) (39,250) (2,598) (149,945) (124.044) (15,622) (1,385) 11,667 374 12,138 17.102 (17,251) 2,402 343 660 964 32,896 478 1,171 (1,522) (3,257) (2,000) 209 210 878,203 (813,438) 64.765 TOTAL FUNDS 1,106,756 (1,198,958) (92,202) RELATED PARTY DISCLOSURES There were no related party transactions for Ihe year ended 31 March 2025. Page 17
LLANELLI MIND DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 MARCH 2025 2025 2024 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Interest 54,231 415,573 12,556 11,581 608.154 4.661 482,360 624,396 Total incoming resource$ 482,360 624,396 EXPENDITURE Charitable activltle$ Wages Pensions Rent and rates Insurance Telephone Postage and srationery Sundrie5 Volunteer expenses Venue Hire Accouniancy Equipment & Capital Hospilality and meetings Payroll costs Service user Consultancy fees Marketing & Publicity General Expenses Bank Charges 452,720 28,435 11,602 7,926 8,077 19,570 3,630 638 4,680 2,520 17,183 7,919 1,243 5,293 5,321 4,886 2.498 96 505.857 25,791 10,661 6.680 10,713 13.198 5,608 2,520 21.641 2,330 1,624 2,465 1,632 2,604 1,370 27 584.237 614,721 Total resources expended 584,237 614.721 Net (expendilur¢)lincome (101,877) 9,675 This page does not forni part of the slatulory financial statements Page 18