REGISTERED COMPANY NUMBER: 03030938 (England and Wales)

REGISTERED CHARITY NUMBER: 1045123

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

WEST WALES ACTION FOR MENTAL HEALTH

Page

Report of the Trustees

1

to

2

Independent Examiner's Report

3

Statement of Financial Activities

4

Balance Sheet

5

Notes to the Financial Statements

6

to

13

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2026. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

Our charity's objectives are to promote and protect mental health and assist those suffering from mental health conditions or otherwise requiring advice or treatment in Carmarthenshire, Pembrokeshire & Ceredigion, providing and assisting in the provision of support, treatment, advice, training and such other services as the trustees may determine from time to time.

Our mission is to improve mental health across West Wales and we do this by delivering the following core functions:-

1) Development & Consultancy

2) Facilitating joint working

3) Information

4) Training Services

5) Health promotion

6) Service User and Carer Involvement

Public benefit

Our main activities and those we try to help are described below. All activities undertaken are to further our charitable purposes for the public benefit.

The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard for the public benefit guidance published by The Charity Commission for England and Wales.

FINANCIAL REVIEW

Principal funding sources

The charity's main funders in relation to our core functions are; The Welsh Government via Hywel Dda Health Board and Ceredigion and Pembrokeshire County Councils.

Reserves policy

The charity recognises and accepts its responsibilities as a charity, a company limited by guarantee and an employer to protect the financial viability and continuation of the organisation. In accordance with good practice it is agreed that monies are allocated towards a reserve.

The purpose of the reserve is to ensure cash flow, provide the opportunity to attract alternative funding should existing funding be subject to cutbacks and to ensure that in the event of funding being ceased , the organisation would still be able to fulfill its financial and legal obligations upon winding up.

As at the 31st March 2026, West Wales Action for Mental Health (WWAMH) has £210,365 of unrestricted funds, included within this is £1,000 designated funds.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are identified via word of mouth, CV's or by previous knowledge having come into contact with them during the course of our work.

Organisational structure

We have a board of trustees that meet every two months to administer the charity. The director is employed by the WWAMH board to manage the day to day running of the charity.

Induction and training of new trustees

New trustees are invited to an initial meeting to get a flavour of our work, WWAMH has a comprehensive induction pack which contains information about our organisation, roles and responsibilities as trustees, a trustee contract, memorandum and articles of association, policies and procedures and other key information. Trustees have the opportunity to attend any training they feel necessary to help fulfil their role.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03030938 (England and Wales)

Registered Charity number

1045123

Registered office

18 Queen Street

Carmarthen

Dyfed

SA31 1JT

Trustees

R B Bamforth

Miss K E Bowen

E M Daymond

Mrs M A Robinson

Ms E Wilkinson

Ms C J Young

Ms K A Cuin

M A Howard

Company Secretary

E M Daymond

Independent Examiner

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

Approved by order of the board of trustees on 18 June 2026 and signed on its behalf by:

Ms E Wilkinson - Trustee

Independent examiner's report to the trustees of West Wales Action For Mental Health ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its 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 audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1.	accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

2.	the accounts do not accord with those records; or

3.	the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

4.

the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

R.A.Williams

The Association of Chartered Certified Accountants

Charles & Co

Chartered Certified Accountants

3 Murray Street

Llanelli

Carmarthenshire

SA15 1AQ

18 June 2026

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

1,065

-

1,065

12,087

Charitable activities

Grants

12,500

221,162

233,662

217,107

Investment income

2

3,972

-

3,972

4,488

Total

17,537

221,162

238,699

233,682

EXPENDITURE ON

Charitable activities

3

Grants

5,071

211,933

217,004

214,077

NET INCOME

12,466

9,229

21,695

19,605

Transfers between funds

10

9,229

(9,229

)

-

-

Net movement in funds

21,695

-

21,695

19,605

RECONCILIATION OF FUNDS

Total funds brought forward

188,670

-

188,670

169,065

TOTAL FUNDS CARRIED FORWARD

210,365

-

210,365

188,670

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

CURRENT ASSETS

Cash at bank

213,321

-

213,321

205,075

CREDITORS

Amounts falling due within one year

9

(2,956

)

-

(2,956

)

(16,405

)

NET CURRENT ASSETS

210,365

-

210,365

188,670

TOTAL ASSETS LESS CURRENT LIABILITIES

210,365

-

210,365

188,670

NET ASSETS

210,365

-

210,365

188,670

FUNDS

10

Unrestricted funds

210,365

188,670

TOTAL FUNDS

210,365

188,670

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a)	ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its 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 Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 18 June 2026 and were signed on its behalf by:

E Wilkinson - Trustee

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 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 statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits 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 aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

IT Equipment is written off in full in the year of purchase due to its short life nature.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined benefit pension scheme. An actuarial valuation is done each year. Any deficits are recognised in the accounts as a contingent liability.

2.	INVESTMENT INCOME

2026

2025

£

£

Interest Received

3,972

4,488

3.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs

costs

Totals

£

£

£

Grants

215,384

1,620

217,004

4.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2026

2025

£

£

Auditors' remuneration for non audit work

1,620

1,536

Other operating leases

11,000

11,000

5.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2026 nor for the year ended 31 March 2025.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2026 nor for the year ended 31 March 2025.

6.	STAFF COSTS

2026

2025

£

£

Wages and salaries

123,310

137,810

Social security costs

14,513

4,426

Other pension costs

23,237

22,000

161,060

164,236

The average monthly number of employees during the year was as follows:

2026

2025

Charitable Activities

5

6

No employees received emoluments in excess of £60,000.

7.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

funds

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

12,087

-

12,087

Charitable activities

Grants

3,578

213,529

217,107

Investment income

4,488

-

4,488

Total

20,153

213,529

233,682

EXPENDITURE ON

Charitable activities

Grants

(2,095

)

216,172

214,077

NET INCOME/(EXPENDITURE)

22,248

(2,643

)

19,605

Transfers between funds

360

(360

)

-

Net movement in funds

22,608

(3,003

)

19,605

RECONCILIATION OF FUNDS

Total funds brought forward

166,062

3,003

169,065

TOTAL FUNDS CARRIED FORWARD

188,670

-

188,670

8.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2025 and 31 March 2026

18,563

DEPRECIATION

At 1 April 2025 and 31 March 2026

18,563

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

9.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

2,956

16,405

10.	MOVEMENT IN FUNDS

Net

Transfers

movement

between

At

At 1.4.25

in funds

funds

31.3.26

£

£

£

£

Unrestricted funds

General fund

187,670

12,466

9,229

209,365

Interpretors (Designated) Fund

1,000

-

-

1,000

188,670

12,466

9,229

210,365

Restricted funds

Ceredigion Dev Worker

-

105

(105

)

-

Pembrokeshire Dev Worker

-

3,623

(3,623

)

-

Hywel Dda

-

5,501

(5,501

)

-

-

9,229

(9,229

)

-

TOTAL FUNDS

188,670

21,695

-

210,365

Net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

17,537

(5,071

)

12,466

Restricted funds

Ceredigion Dev Worker

20,802

(20,697

)

105

Pembrokeshire Dev Worker

14,310

(10,687

)

3,623

Hywel Dda

186,050

(180,549

)

5,501

221,162

(211,933

)

9,229

TOTAL FUNDS

238,699

(217,004

)

21,695

Comparatives for movement in funds

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.25

£

£

£

£

Unrestricted funds

General fund

135,062

22,248

30,360

187,670

Development(Designated) Fund

30,000

-

(30,000

)

-

Interpretors (Designated) Fund

1,000

-

-

1,000

166,062

22,248

360

188,670

Restricted funds

Ceredigion Dev Worker

136

256

(392

)

-

Pembrokeshire Dev Worker

1,666

(2,694

)

1,028

-

Mental Health Forums

1,201

(920

)

(281

)

-

Hywel Dda

-

715

(715

)

-

3,003

(2,643

)

(360

)

-

TOTAL FUNDS

169,065

19,605

-

188,670

Comparative net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

20,153

2,095

22,248

Restricted funds

Ceredigion Dev Worker

20,394

(20,138

)

256

Pembrokeshire Dev Worker

10,733

(13,427

)

(2,694

)

Mental Health Forums

-

(920

)

(920

)

Hywel Dda

182,402

(181,687

)

715

213,529

(216,172

)

(2,643

)

TOTAL FUNDS

233,682

(214,077

)

19,605

A current year 12 months and prior year 12 months combined position is as follows:

Net

Transfers

movement

between

At

At 1.4.24

in funds

funds

31.3.26

£

£

£

£

Unrestricted funds

General fund

135,062

34,714

39,589

209,365

Development(Designated) Fund

30,000

-

(30,000

)

-

Interpretors (Designated) Fund

1,000

-

-

1,000

166,062

34,714

9,589

210,365

Restricted funds

Ceredigion Dev Worker

136

361

(497

)

-

Pembrokeshire Dev Worker

1,666

929

(2,595

)

-

Mental Health Forums

1,201

(920

)

(281

)

-

Hywel Dda

-

6,216

(6,216

)

-

3,003

6,586

(9,589

)

-

TOTAL FUNDS

169,065

41,300

-

210,365

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming

Resources

Movement

resources

expended

in funds

£

£

£

Unrestricted funds

General fund

37,690

(2,976

)

34,714

Restricted funds

Ceredigion Dev Worker

41,196

(40,835

)

361

Pembrokeshire Dev Worker

25,043

(24,114

)

929

Mental Health Forums

-

(920

)

(920

)

Hywel Dda

368,452

(362,236

)

6,216

434,691

(428,105

)

6,586

TOTAL FUNDS

472,381

(431,081

)

41,300

11.	EMPLOYEE BENEFIT OBLIGATIONS

Dyfed Pension fund

Local Government Pension Scheme

The date of the most recent actuarial valuation was 31st March 2026.

The total surplus relating to defined benefit schemes schemes for the year recognised in the profit and loss was NIL (2025-NIL)

Reconciliation of scheme assets and liabilities to assets and liabilities recognised

Any actuarial deficit is recognised in the financial statements whilst actuarial surpluses are not.

The amounts recognised in the statement of financial position are as follows:

2026

2025

£

£

Fair value of scheme assets

1,769,000

1,622,000

Present Value of defined benefit obligation

(1,345,000

)

(1,272,000

)

Defined benefit pension scheme surplus (deficit)

424,000

350,000

Defined Benefit Obligation

Changes in the defined benefit obligation are as follows:

2026

£

Present value at start of year

1,272,000

Current Service Cost

17,000

Interest

73,000

Members' Contributions

6,000

Past Service Cost

-

Remeasurements (Gains)

38,000

Benefits/transfers paid

(61,000

)

Present value at end of year

1,345,000

Fair Value of scheme assets

Changes in the fair value of scheme assets are as follows:

Fair Value at start of year

1,622,000

Interest income

93,000

Remeasurements (assets)

87,000

Administration Expenses

-

Employer Contributions

22,000

Member contributions

6,000

Benefits Paid

(61,000

)

Fair value at end of year

1,769,000