REGISTERED CHARITY NUMBER: 1173063 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR THE DPJ FOUNDATION 8evan Buckland LLP Chartered Accountants 45 High Street H8verfordwesl Pembrokeshire SA612BP THE DPJ FOUNDATION CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Pa9e Report ot the TrLTrStees Independènt Examin•Vs Report Statement of Flnanclal Activities statement of Financial Position Statement of Cash Flows Notes to th• Statemenl of Cash Flows 10 Notes to th• Finaneial Statements 11 to 17 Detailed Statement of Flnancial Activities 18 to 19 THE DPJ FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees pr858nl their report wth the financial statements ol the charity lor the year end8d 31 March 2024. Th8 trustees have 8dopt8d the provisions of Accounting and Reporting by Charities". Staternent of Recommended Practs"ee applicable to charities preparing their accounts in a¢cordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leff8¢1ive 1 January 20191. OBJECTIVES AND ACTIVITIES Oblettivès and arms The principal activities of the charity are to provide support to those in the rural communities of Wales, espècially rngn in 89ricullur8 and to raise awareness of mental heslth issues wrfth a view to ￿t￿0VIng the stigma of ment81 health and encouraging those suffering with poor mental health lo seek help. It does ihis thr(>ugh spreading awareness ol Mental Health, educating people through Mental Health Awareness Training which provid8s a first aid for mental health and providing practical support to th088 in the sector through the 'Share the Load, counselling referral servirn. As a result of analysing the nature of calls through the Share the Load counselling service, il was clear that be￿aveMent and grief a areas Nthich impact the mental health of people making contact with the s8rvic8 and so the Charity has undertaken work in this area lo also raise awareness. The Charity conlirrns it has r8f8rr&d lo the guidance contained in the Charities Cornmission general guidance on public benefit wh6n reviewing Lhe charity5 aims and objectives in planllirig future 8ctivities. Volunteers We are very fortunat8 lo be supported by 85 volunteers including trustees, who provide significant benefit to the charity. ACHIEVEMENT AND PERFORMANCE There are three main stranijs to th8 Charit51s services.. Support.. Share the Load Raising Awarene5S through Training: Mental Health AWa￿nesS and Bereavem8nt & Gri8f Awareness Training Challenging Stlgma.. Awareness Raising and Stigma Busting Share the Load Share th8 Load is 8 2417 confidential call and text line that is staffed by trained volunt88r8. We have a team of 37 Sh8re the Load volunteers in lolal. although not all are currently actively volunteering. It provid&s 8 listening service 85 well as operating as 8 ¢ounselling referral service. For th8 pèriod ol the fillancial year IApril to ma￿h) we supported 257 people with access to fully funded counselling 136 of whom had previtsusly accessed sUPPOrtI. A further 277 people have been given access to counselling since April 2024. Additional cou￿58[10r5 W818 r8¢ruite(l from a¢r055 Wales and counselling was provided iri a range of formats including faTr to face, by telephone, onlirTre and by text. Fac8 to face counselling included outreach where the client is met at their home or place of work. We also d81ivered EMDR couns&lling to clients who were impacted by trauma, particularly following bereavement by suicide. Services were provided to people within 16 of the 22 Welsh local authority areas. During this year, the charity further developed its postvention service, a proactlV8 SUPPOrt Service offered to people who have be8n affected by suicide. This was taken up by a number of individuals and families 8cross the country and continues to develop in partnership with other agencies including the Powys Te8ching Health Board, Enfys Alic8 partners across North Wa18s, Ihe NALS service and other third sector organisations. The Hywel Davies Lorry which is a mobile health hub based on a livestock lorry mafsè il's first outing on 13 December 2023. The lorry, which has a team of volunteers and a self employed Registered Nurse who is a forrner volunteer ottended markets, shows and other events to raise awareness of the DPJ Foundation and also to offer various health checks including blood pressure, blood sugar. blood oxygen and BMI During the course ol the first complele year of operalion, the Icirry made 57 wsits, seeing 8 lolal of 1.155 people, some a number of times. 613 of these people were given physical health advice, 620 given mental health advice, information or support. Three people were advi$8d to attend hospital and we know that as a result of getting their h8alth check on the lorry, some people h8ve been able to obtsin lifesaving medical support that they otherwise would not have sought. Mental Heallh Awareness Training We deliver Mental Health Awareness Training that is designed to give the agricultural community the ability to support each other and be confident in spotting the signs ol poor mental health and signposting onwards. The training also encompasses suicide awareness las agriculture carries one of the highest rates of 5uicidel. Our Mental Health Awareness Training 15 our own bespoke training package which we deliver exclusively. Page 1 THE DPJ FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Trdining was adapted to be delivered onlinè and we have started to adapt the corè training to explore add-on5 that can add value lor oroanisations. Training was offered free ol Charge to the general ¢omrnunity, a decision we rnade to ensure that we are reaching as many as POS5ible to rais8 rll8ntal health literacy levels W8 also deliver commissioned training for organisats"ons. Training has been delivered in ErTrgli5h and We15h, with 27 sessions delivered during the financial year 2023-24 and further 10 sessions since. During the year 2023-24 we trained 416 people wlh a further 116 people receiving training since. 4 volunteers assisted wth delivery at training sessions. We worked with the Livestock Au¢lioneer's Asso¢iation to develop a module on Mental Health Awareness for their Martsafe training sessions which are delivered to Iiv8Sto¢k rn8rkel staff 8cross the country. We also worked wth the Football Association of W81es and the Famers Union of Wales to develop a training lor football clubs to upskill committee members, coaches and pleyers to spot the signs that someone rnay be struggling and a session was delivered to FAW staff. Ber•avÈrn¢nt and Gri8f Awar•n8ss Training W& delivered Bere2vem8nt and Grief Awareness training $8SSIOn5 tharTrks to funding from the Welsh GtrvemrTtent's Be￿avernent Support Fund, and we SUCC85sfully $8cured an extension from 2024-25. There were 29 Sessions delivered, training a total 01177 people. Since April 2024 a further 5 sessions have taken pla¢e and 42 people have been trained. 5 volunteers have either delivered or co-delivered this training. Online training has proved more popular than face-to-fa￿. The training w8s delivered in both English and Welsh and courses delivered daytime and evening. Tha cont8nt covered.. an overview of b8r8av8menl and grief., - Ststlle models ol grief., the impact that gnef can have on emotions, b8hawours and mEllt81 health- the additional complexits.es of be￿avement in faming and bereavement by sudden d8ath or suicide., bereavement literacy including what to say and what to avoid saying", how to provide practical support and what information and support services are 8v8ilable in the community for Signposting. Awaranes5 Raising and Stigma Busting Each of our activi118s feeds into this overarching theme Df rdising awareness of mental health issues and tackling the stigma that r8mains surrounding poor m8nt81 h8alth. The Hyw81 Davi8s Lorry has been a positive addition to our offer i being 8b18 to r8ach more p8opI8, 8nd getting around stigrra. We have continued to expand our Region81 Ch8mpion base and now have champions in most areas of Wales, althtsugh we have identified sorne key areas for growth. including South East Wales and Ceredigion. Our Regional Champions play a vital role in being the representatives of the charity in their areas and we would be unable lo sustain the level of our awareness raising a¢livilies or fundraising wilhoul their extremely valuable contributions. Through our staff and Regional Charnpions we were able lo attend shows and community events during mc)st weekends throughout the summer as well as more widely throughout the year. These provide a vit81 opportunity to reach members of our community that we otherwise may miss. We have 56 Regional Champions across the whole of Wales. We have continued to create and share daily rn&sS8g85 on social media and have increased our reach by starting new Linkedln accourit during this year. Durillg the cours8 of the Iinancial year w8 increased our followers by tsvèr 6,287 followers aeross the main platforms to 35,629., 19,574 on Facebook, 3,569 on X, 6,918 on Instagram, 1,122 on Linkedln 3,571 on Snapchat, 38 on Youtube and 837 on TikTok which suggests that we w8r8 rga¢hing additional audiences and these have continued to grow. We delivered talks mainly face to face but with some online to a variety of groups ranging from young farmers and agricultural college students lo grassland groups and agri-businesses, lo other third sector groups and nelworks tho may be able lo refer lo us or add value to the charity's services. We ¢realed and delive￿￿ a lectur8 to nursing students at Aberystwh University around suicide awareness and prevention. We visited a nurnber of schoo15 across the country lo speak about our work. mental wellbeing and lo raise awa￿neSS of the support available. We attended shows, fresher's fayres. fundraising events and supported events run by other ¢harilies in order to raise awareness. We launched our 88reavement picture books illto schools on M8ntal H88lth Awareness Day 2023 which saw 8 number ol our volunteers visiting Schools across the country lo deliver assemblies around the stress bucket, feelings and loss. We havè blso spoken at ctsnf6rences and 5erninars for other organisations. Page 2 THE DPJ FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 We appeared across various rnedia channels including TV news and current affairs shows, radio in English and Welsh and in the print and online media. Thi5 was through volunt8er5 and 5t8ff members and 811 Contributed lo raise awarenes$ of the charity's work and challenge thè stigma surrounding m8nt81 health in agricultu￿. Wè scal8d back our promotion Df The "Wearing is Caring. clothing to allow staff to focus on other aspects of awaren8SS raising and the Etsy Shop has been on hold. The clothing line has been created as a means of raising awareness of th8 DPJ Foundation in the community and reminding potential service users of our messaging 8nd does not generate e profit once cost5 arè consid8red. As such other ways ol raising awareness were prioiitised. FINANCIAL REVIEW Financial Review Tot81 funding received during the year was E390.82812023 £651,100) of which £16,70512023 £310,246) was r8slricted and resources expended during the year amounted to £277,401 12023 £255,123) of which £33,613 was restrietad 12023 £29,856) resulting in reserves of £851,231 12023 £737,804) of which £267,159 12023 £284.0671 are restricted. Principal fvnding sourcos The charily has received grant funding from the Welsh Government from their Be￿avement Support Fund that is th￿trYear funding and during th8 year applied for and secured a one year extension. Oth8r grants were from Community Foundation Waltrs and thè Mary Homfrey Charitable Trust. We are very giateful to each of these supporters. The ¢h?rity held a fundraising ball which generated a surplus of £1.222. The charity ha5 contiff ued lo benefit from significant support from indiwduals and organis8tions across Wales, through fundraising activities that they have undertaken and donations Significant donations included over £74,000 from the Row4G8z fundraising, £50.000 from the FUW following us being their charity of ihe year during Glyn Roberts. tenure as President, £40,000 Irotn the gSt81e of the L31e O M Williams, £10,000 from Fferrnwyr Llyn ac Eifionydd. £10,000 from Dinas Mawddwy YFC, over £6.000 from Halien V&ts, £5,630 from Br8ckno¢k YFC and £5,000 from Cor A8lwyd Dyffryn Clwyd. We wsh to aeknowledge and thank all who have don8t8d or fundraised for the charity. This cornmunity fundraising has enabled the foundation to develop its services and reach mor8 people. The trustees are very grateful lo all organisats'ons and indiviiluals for their generosity and support. Reserv85 policy The Board of Trustees has set out ihe charitys reserves policy to allow the trLJStges lo have strong financial controls over the organ15ation and meet its lega1 obligations. The current reseNes policy remains to relain a conb'ngency to salegvard th8 Share the Load service for a year (to allow service users to continue theii coun5ellingl. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is a Charitable Incorporated Organisation wlh a Constitution dated 2nd May 2017 as its goveming document. 11 is governed by a Boar(5 of Trustees who meet bi-monthly. The Iruslees are appointed to 5erv8 for a period of three years and ale apptsintèd on the basi5 of their skills, exp8rienc8 and kno￿edge. Trustees ar8 able to serve for up lo three consecutive terms land must have an interval of at Seast one ye8r before being reappointedl. A sch8m8 of delegation is in pla￿ and day-to-day responsibility for the provision of the 58rvic8s re51s with the Charity Man8ger. Nam•5 of Charity Trustees who managed the Charity throughout this financial yèar- Ernma O'sullivan Chair - Tom Rees Maralene Griffilhs - Robert Gwfor Thomas Ernma James Gethin Bickerton Iwan Meirion Lloyd Williams Natalie D'lvry All twstees have been in plaee throughout this period and are familiar wlh the work of the charity. Page 3 THE DPJ FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Name of Staff Members in the charity throughout this financial year The trustees have delegated day lo day management and delivery of the ¢harilYs work to the staff team, 18d by the Charity Manager During this year there were a number of ¢hon9eS Imthin the staff team that saw the Training Manager retire and other staff m8mber5 leave for new roles, albeit returning as volunteers or supporters of the charity. These roles were replaced. Kate Mile5- Charity Manager Kay Helyar- Training Manager left 28 March 2024 Elen Williams - Marketing, Engagement and Administration Assistant (Maternity leave until November 20231 left 29 February 2024 Elizabeth Gibbon - Team Coordinator (Part Tim81 Kath188ri Ta￿or-JOhn Marketing. Engag8m8nt and Administration Assistant IM8t8mity Cover iniliallyl started 11 J8nuary 2023 left 19 March 2024 The DPJ Foundation also works with a sessional administrator, Kathryn Lee. who offers her seNices on b self-ernployed basis to administer the Share the Load seNice and lo provide some financial adrrinistralion. We work with a paid Registered Nurse, Emma Morgans who provides her services as a 5elf-employed Nurse on the Hywel Davies Lory as well as contracting wth around 80 professional ¢ounsellors across Wales who d8liver oounselling services on behalf of the DPJ Foundation. Recruitment was carried out and new staff weie appointment Commencing April and May 2024. Fiona Evans- Volunteer and Events Coordinator Mali Thomas - Marketing and Engagement Assistant Elen Lewis- Training Manager (subsequently left October 20241 A new role of Training Offic8r has been advertlS8d and will b8 appointed in the month. The DPJ Foundation also wtstks wth a sessional administrator, Kathryn Lee, ¥tho offers her services on a self-employed basis t() administer the Share the Load service and to prtsvide some financial administration as well as contracting with around 50 professional counsellors across Wales who deliver counselling services on behalf of the DPJ Foundation. Risk rnanagement The Board of TrLJStees has conducted a review of the major risks to which the Charity is exposed. A risk register is in place with review of risks throughout the year. Where appropriate, systems or procedure5 have been established to mitigate th8 risks the charity faces. Procedur8s are in place to 8Tisure complianc8 wth the he81th and safety ol staff, volun18ers, clients and visitors and safeguarding of individuals and information. There are a rang8 of procedures which the charity implements to mitigate potential risks. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1173063 Principal address Units 2 & 3, Rural Business Dev. Centre Carmarthen Livestock Market Llysonnen Road Carmarthen Carmarthenshir8 SA33 5DR Trustees E R James E O'sullivan G Bickerton M Griffiths R G Thomas l M L Williams T Rees N D'lvry Pagè 4 THE DPJ FOUNDATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAILS Indepondent Examlner B8van Buckland LLP Ch8rtered Accountants 45 High Slr88t Haverfordwest PembtokE5hire SA612BP 2810112025 Approved by order of th8 board ol trustpes on .................. and $19n8d on its behalf by.. E O'SullNwn - TNste2 Pag8 5 INDEPENDENT EXAMINER'S REPQRT TO THE TRUSTEES OF THE DPJ FOUNDATION Independ8nt oxaminer's report to the trust¥e$ of Tho DPJ Foundation I report to the challty tru5ttres on my examination of the a¢counl$ of The DPJ Foundation Ilho Ttustl for the ye8r gnded 31 M8r¢h 2024. Respon5ibilitiÈs and basis of report As the charfty trustees of the Trust you ar8 responsible lor Éhe pr8paration of the 8ccounts in acGordan¢g Wlth the requir8ments of the Charit185 Act 2011 I'th8 Arti. I r8POrt in respect of my e%afflination of the Trusts accounts c8rri8d out under Section 145 of th& Act and in carying out my examination I have followed 811 applicable Dir8Gtions oiv&n by the Charity Comtnisfyion under Section 145ISllbl of the Act. Indep8nd8nt examin#es statsment Sinco your charivs gros5 incoma exca6deé £250,000 your ex8rnin8r must be g member of a listed body. l Can confirm that l am qualified to undertake the examination bepau5e l am a mernber of the Institute of Chartered Accountsnt5 In Enoland and Wales. which 15 one of thé listed bodi85. I completed my axamination. I conlim that no mat8Tial matters have ¢ome to my attent￿n in ¢onngction with the ex8min8tion giving me ¢au$8 to believe th3t1n any mat8rial rgsped.. 8ccounbng fe¢ord8 were not kapt in r8specl of the Trust 8s requlred by Section 130 of the Act., or the accounts do nor accord with those r8¢0rds.' or the accounts do not co¥nply with tha appllcable requ5￿m8￿15 Gonc&rning the form and contènt of aGGounts s8t oul in the Charit185 IAccA)unts and Reportsl Regulation3 2008 other than any rèquirement that the acGounts oive true and fair vi8w which is not a rnatter Considerèd as Part of an indepBndellt examination. I have no GDncem8 and have come across no tsth8r matter$ in connection with the examination to which attents.on should ba drawn in Ihis raport in order to 8nable a proper undersiandlng of th8 accounts to be roachBd. ALUN EVANS FCA evan Buckland LLP Chartered AGGDUntan 45 High Streot Haverfordwesl Pembiokeshirè SA61 28P Dat8.. P898 6 THE DPJ FOUNDAnoN STATEMENT OF FINANCIAL ACTllllTIES FOR THE Y&IR ENDED 31 MAR¢H 2024 Unr8strfcted fun(Is 2024 Total fvnd5 Reslricl£d fund6 2023 Total funds INCOME AND ENDQWMEFrrs FROM Donations and legaues Noles 344,167 344,167 249.270 ¢haritable actlvitles Granis 4,000 16,620 20,620 320.736 othertradlng acbvltlos 25,956 85 26,041 81.094 Total 374.123 16,705 390,828 651.100 EXPENDrruRE ON R8i5ing funds 5,?36 5,938 28,290 Charltable activities Mental h8alth awareness 237,852 33.613 271.465 226,833 Total 243,788 33,613 277.401 255,123 NET INCOMWIÉXPENDJTURE) 130,335 116.908) 113,427 395,977 RECONCILIATION OF FUNDS lolal funds brought forward 453,737 284,067 737,804 341,827 TOTAL FUNDS CARRIED FORWARD 584,072 267.159 851,231 737.804 The notes form part Df thes8 financial Statements Pagg 7 THE DPJ FOUt4DATION STATEMENT OF FINANCIAL POSITION 31 MARCH 21124 2024 Total funds 2023 Total funds Unre$thetsd lunds R?strlcled funds No185 FIXED ASSETS Tangible a55tr1s 11 14,222 71.505 85.727 17.232 CURRENT ASSErs stocks Debtors Cash at bank 12 13 14,fj16 4.447 554.313 14,616 4,447 749,967 7,702 1.816 717,556 195.654 573,376 195,654 769,030 727,074 CREDIYORS Amoun15 falling due wthin one yEiar 14 13,5261 13,5261 16,5021 NET CURRENT ASSETS 569,850 195,654 765,504 720.572 TOTAL ASSETS LESS CURRENT LIABILITIES 584,072 267,159 851,231 737,804 NET ASSETS 584,072 267.159 851,231 737,e04 FUNDS UnreslrictEd funds ReEtrictEd funds 16 584,072 267,159 453,737 284,067 TOTAL FUNDS 851,231 737.804 The financial statements WEQ approved by tho 8oarcl of Trustees and authorised for issue 2WafjJ2Q25.... and were sign8d cn its behatfby.. on E O'sullivan- Iru5tee Th8 notes fom p8rt of these financlal st8ternent8 Pag8 8 THE DPJ FOUNDATION STATEMENT OF CASH FLOWS FOR THEYEAR ENDED 31 MARCH 2024 2024 2023 Nol95 Cash flows from operating a¢tivities Cash gen8raled from operations 117,139 397,219 Nel cash provided by operating activities 117,139 397.219 Cash flows from inve$tlng activitles Purchase of tangible fixed assets 184,7281 (19,2991 Net cash used in investing activities 184,7281 119,2991 Change in ¢ash and cash equlvalènts In the reporting period Cash and cash equivalents at the be9inning of the reporting peri( 32,411 377,920 717,556 339.636 Cash and cash equivalents at the end of the reporting period 749,967 717,556 The notes forrn part of those fin8n¢ial stalernents Psgè 9 THE DPJ FOUNDATION NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net in¢ome for the reporting period las per the Stat8m•nt of Financlal A￿1vItIes) Adjustments for-. Depreciation charges Increase in stocks Iln¢reas8ydecr8ase in d8btors Decrease in creditors 113,427 395.977 16.233 16.9141 12,6311 12,9761 3.804 11,1281 1,348 12,7821 Net cash provided by operations 117,139 397,219 ANALYSIS OF CHANGES IN NET FUNDS Al 1,4.23 Cash flow At 31.3.24 Net cash Cash at bank 717.556 32,411 749,967 717,556 32,411 749,967 Total 717,556 32,411 749,967 The note5 form part of these financi81 statemen Pag8 10 THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102. have been preparèd in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities.. Statement of Recomm8nded Pra￿1￿ applicable to charities preparing their accounts in accordance with the Financial Reporting Stand8rd applicable in the UK and Republic of I￿land IFRS 1021 leff8Ctive 1 January 20191,, Financial Report￿ng Standard 102 The Financial Reporting Standard applicable in th8 UK and Republic of Ireland, and the Charit185 A¢1 2011. The financial statements have been prepared under th8 historical cost convention. Income Income is recognised when the Charity has entitlement to the fvnds, any performance conditions attached tts it8mlsl of income have been met, it is probable that the ineome wll be rec8ived 8nd the amount con be measured reliably. Where income has r81aled expenditure. the income and related expenditure are reported gross in the Statement of Financial Actiwt18S. Donations, gmnts and grfts are recognised whèn received. Receipt of a legacy, in whole or in part, is only considered probable when th8 8mounl can be measured reliably and the Charity has been notrfied tsf the exeGUtorfs intentitsn to make a distribution. Expenditurè All 8xpenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis Consistent wth the use of th8 resourc8S. Support costs are made up of administration and management and financ8 costs. Tangib18 fixed assets Depreciation is provided at th& followng annual rates in order to write off èach 8ssel over its estimated useful Plant and machinery Comput8r 8quipment 15% reducing balance 25¥0 slraighl line Stocks Stocks are valued at the lower of c051 and net reali58ble v81ue, after making due allowancè for obsolete and slow mowng items. Taxation The charity is exempt from tsx on its charitable activities. Fund accounting Unrestricted funds - these a￿ the funds which can be used in Èccotdance with the Charitsls charitable objÈctivÈs al the discretion ol the Trustees. D8$ignat8d funds- these funds a￿ set aside by the Trustees out of unrestricted funds for specific purposes. Restricted fund5 - these are funds received for undertaking an activity specrfied by the donor. Pension costs and other p05t-retirement benefrts The charity oper8tes 8 defined contribution pension scheme. Contributions payable to th8 charitys pension scheme a￿ chArged to the St818m8nt ol Financial Activities in lh8 period to which they relate. Going concem The Trustees consider that there are no material ull¢8rtainties about the DPJ Foundation's ability to continue as a going concern. Volunteers The value of services piovid8d by volunteers is not incorporated into th8s& financial statements. Further detail of their contribution is provided in the Trustees report. Page11 continued... THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continuèd FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNnNG POLICIES . eontinueij Debtors A¢counls receivable and other debtor5 are recognised at the settlement amount. Prep8ym&nts are valued at the amount prepaid net of any discoLJnls due. Accrued iricotne is included at the b85t estimate of the arnounts r8C8IV8b18 8t the balanc8 sheet d8t8. Cash and ¢a$h equivalents Cash at bank comprises of bank balances only. Creditors Creditors are re¢ognised where the Charity has 8 present obligation ￿gulting from 8 past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can b8 rngasured or 85timat8d r81iably. Creditors are norrnally iecognised at their settlement amount. Financial instruments The Charity only has financial assets and financial liabilities of a kind that Qualify as basic financial instruments. Basic financial instruments are initially recognised al transaction valug and subsequently measured at their settlement value. Operating 18as85 Operating 18ases are recogni5ed over th8 period ol which the lease falls due. Benefits received and r9ceivable are r8cognis8d on a straight line basls Over the period of the lease. DONATIONS AND LEGACIES 2024 2023 Donab'ons received Legacy income 304.167 40.000 249,270 344,167 249,270 OTHER TIiADING ACTIVITIES 2024 2023 Merchandise Fundraising Training income Tractor raffle inwme Miscellaneous income 1.187 15.238 9,531 2,495 51,377 13,399 13.675 148 85 26,041 81,094 INCOME FROM CHARITABLE ACTIVITIES 2024 2023 Actiwty Grants Grant5 20.620 320,736 P898 12 continued... THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continuod FOR THE YEAR ENDED 31 MARCH 2024 RAISING FUNDS Raising donations and 19ga¢ie$ 2024 2023 Winter b811 fundraiser Tractor raffle expens85 M8rchandise for re581e Merchandise lor rnatketing General fun(Sr8ising expenses 3,982 6,755 6,114 156 15,265 1.294 660 5,936 28.290 CHARJTABLE ACTMTIES COSTS Support costs Is8e note 71 Direct Costs Totals Mental health awareness 263,621 271,465 SUPPORT COSTS Man8gernent Finance Totals Mental health awar8n8SS 7,768 76 7,844 TRUSTEES. REMUNERATION AND BENEFITS The￿ were no trustees, remuneration or other benefits for the year ended 31 March 2024 nor for the yg3r ended 31 March 2023. Tru5t885' exp8n5•S There were no 31 March 2023. trustees, expenses paid for the year ended 31 March 2024 nor for the year ended STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 98,186 3,070 4,066 80,117 1,811 2,911 105,322 84,839 The average monthly number of employees during the year was a5 follows: 2024 2023 Charity Man8ger Training Manager Marketing, Engagement & Admin. Assistant T8arv Co-ordinator No èmployees received emoluments in excess of £60.000. Page 13 continued... THE DPJ FOUNDATION. NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unre5trict8d funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Dtsnktions and legacies 249,270 249,270 Charitable activltie5 Grants 10,490 310,246 320,736 other trading activit18S 81.094 81,094 Total 340,854 310,246 651,100 EXPENDITURE ON Raising funds 28,290 28,290 Charitable activities Mentsl h8alth gwar8n8SS 196,977 29.856 226,833 Total 225,267 29,858 255,123 NET INCOME Transfers betw••n lund5 115.587 280.390 114 395,977 Net movement in funds 115.473 280,504 395,977 RECONCILIATION OF FUNDS Total fund5 brought forward 338,264 3,563 341.827 TOTAL FUNDS CARRIED FORWARD 453,737 284,067 737,804 11. TANGIBLE FIXED ASSETS Plant arid machinery Cornputer equipment Tot815 COST At 1 April 2023 Additions 17,467 83.595 4.736 1,133 22,203 84,728 At 31 March 2024 101,062 5,869 106,931 DEPRECIATION At 1 April 2023 Charge for year 2.620 14.766 2.351 1,467 4,971 16,233 At 31 March 2024 17.386 3,818 21,204 NET BOOKVALUE At 31 March 2024 83,676 2,051 85,727 At 31 March 2023 14,847 2,385 17,232 Page 14 continued... THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continu FOR THE YEAR ENDED 31 MARCH 2024 12. STOCKS 2024 2023 Stocks 14.616 7,702 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Accounts receivable PrepaytN8nts 4,113 334 1,816 4,447 1,816 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 other creditors 3,526 6.502 15. LEASING AGREEMENTS Minimum lease payments under non-canc811abl6 operating 18ases fall due as follows.. 2024 2023 Within one year Between one and five years 9,100 3,966 2.800 9.100 13,066 11,900 16. MOVEMENT IN FUNDS Net movernent in funds Transfers between funds At 31.3.24 At 1.4.23 Unrestricted fund5 General fund Designated 395,537 58,200 130,335 19,3001 9,300 516,572 67,500 453,737 130.335 584,072 Re5trictsd funds Rural+ project Cyngor Cymuned Glantwymyn Hywel Davies Residu8ry Tiust 2.458 200 281.409 85 12001 116.7931 2,543 264,616 284.067 116,9081 267,159 TOTAL FUNDS 737.804 113.427 851,231 Page 15 continuèd... THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS- cot)tinued Net movement in funds. included in the above are a5 follows.. Incoming resource5 Resources expended Movement in funds Unrestricted funds General fund 374,123 1243,7881 130,335 Restricted fund5 Rural+ project Cyngor Cymuned GIant￿MY￿ Welsh Government Ber88V8rn8nl Fund Hyw81 Davie5 R8siduary Trust 85 85 12001 12001 116,6201 116,7931 16,620 {16.7931 16,705 133,6131 116,9081 TOTAL FUNDS 390,828 1277.4011 113,427 Comparatlves for movement in funds N81 movemellt in fund5 TrJnsfgrs b8tW88n funds At 31.3.23 At 1.4.22 Unrestricted funds General fund Oesignated 280,064 58,200 115,587 11141 395,537 58,200 338.264 11 5,587 11141 453.737 Restri¢ted fvnds Rural+ project Cyngor Cymuned GIan￿MY￿ National Grid Hywel Davies Residuary Trust 3.363 200 19051 2,458 200 11141 281,409 114 281,409 3,563 280,390 114 284,067 TOTAL FUNDS 341,827 395,977 737,804 Comparative net movement in funds. induded in the above are as ftsllows.. Incoming sources Resources èxpended Mov9menl In funds Unre5trict8d funds General fund 340,854 1225,2671 115.587 Restricted funds Rural+ project W81sh Gov8mment 88r88vament Fund N8tIOn81 Grid Dwyriw Grant Hyw81 Davies Residuary Trust 19051 114.6001 11,5431 1851 112.7231 19051 14,600 1,429 85 294,132 11141 281.409 310,246 129,8561 280.390 TOTAL FUNDS 651,100 1255,1231 395,977 Page 16 continued... THE DPJ FOUNDATION NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 16. MOVEMENT IN FUNDS - eontinued Purpose of rt5tricted funds Hywel Davles R•siduary Trust This charitable trust was sel up for the benefit of charitys operating wholly or partly for th8 benefit of those affected by rn8ntal health issues in PeMbrokeShi￿. The grant awarded to the DPJ Foundation in 2023124 was for the Hywel Davies Lorry Proje¢t which is a dedicated space for the rural community of South West Wales and it provides a safe haven for farmers lo share their struggles and receive support. Welsh Govemment Bereavement Furbd This grant has been awarded to fund counsèlling for b8r8av8ment linduding volunteer tr8ining and support Costs, running Costs and deliver￿ng a helpline) and lo develop and deliver training around bereavement as w&ll as create children s picture books. Rural+ProjÈ¢t This fund is a joint project with FCN and NFYFC and was awarded to d8velop and deliver training Suitsble for young farmers clubs and agricultural colleges around mental wellbeing. Cyngor Gymuned GIantw￿nYn This fund represents a donation made with the r8Striclion that it was lo be used for th8 benefit of people from thè community of Glantwymyn. Designated funds 2024 2023 Share the Load strrvice reserve Staff redundancy reserve 52,500 15,000 52.500 5,700 67.500 58.200 Purpose of dèsignated funds Share the Load service reserve This fund is to allow the charity to operate the Sh8re the Load h8lp1in8 for 1 year so that th058 Using the charity's counselling Èlld support services would not be adversely affected should charitable funding cease. Staff redundancy res•tvè This reserve has be&n established to meet the charitls legal obligations towards staff should it ceÈse to operate. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2024. INDEPENDENT EXAMINERS REMUNERATION 2024 2023 Ind6p8ndent examiners remuneration Other services- payroll bureau 1,800 600 1.800 490 2,400 2,290 Pag8 17