REGISTERED COMPANY NUMBER: 06468412 (England and Wales)

REGISTERED CHARITY NUMBER: 1123842

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2026

FOR

MENTAL HEALTH MATTERS WALES LTD

Page

Report of the Trustees

1

to

7

Report of the Independent Auditors

8

to

10

Statement of Financial Activities

11

Balance Sheet

12

Cash Flow Statement

13

Notes to the Cash Flow Statement

14

Notes to the Financial Statements

15

to

24

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

MHM Wales's purpose as set out in the company's memorandum of association are to 'promote the mental and emotional health and well-being of the public through the provision of information, advocacy, training and support'.

Significant activities

Our main activities and the people we seek to support are described in the following pages. All our charitable activities focus on promoting the mental and emotional health and wellbeing of the public and are undertaken to further our charitable purposes for the public benefit.

The charity carries out these objectives by:

- Providing services throughout Wales that support adult wellbeing and people experiencing mental health-related difficulties. These include wellbeing hubs, out-of-hours wellbeing support, counselling, community activities and peer support groups.

- Providing advocacy services across Wales for adults experiencing mental health difficulties, people who lack capacity, older people experiencing mental health difficulties and/or dementia, parents and families, and people eligible for advocacy under the Social Services and Well-being (Wales) Act 2014.

- Providing specialist advocacy services connected with the Mental Capacity Act 2005, Deprivation of Liberty Safeguards and Court of Protection proceedings.

- Providing counselling, information, education and training services for people experiencing mental health and emotional wellbeing difficulties.

- Working in partnership with NHS services to provide support to children and young people across the Cwm Taf Morgannwg University Health Board area.

- Providing therapeutic activity and post-discharge support to people experiencing dementia, cognitive impairment or other complex needs in hospital and community settings.

- Providing open-access, preventative mental health and wellbeing support through our community-based locations in Bridgend County Borough and, from February 2026, at the Calfaria Wellbeing and Wellness Hub in Treorchy.

The Trustees confirm that they have referred to the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and planning future activities.

Who used and benefited from our services?

Our services support people experiencing mental health or emotional wellbeing difficulties, people living with dementia or cognitive impairment, children and young people, parents, carers and people who require support to understand or exercise their legal rights.

Some services are available across Wales, while others are restricted to geographical areas or eligibility criteria because of their funding or contractual arrangements. During 2025-26, MHM Wales delivered services in Bridgend, Rhondda Cynon Taf, Merthyr Tydfil, Cardiff, the Vale of Glamorgan, Neath Port Talbot and Swansea.

Our work also benefits families, carers, friends and wider community networks. When an individual feels less isolated, becomes better able to manage their wellbeing or receives support to resolve a difficult situation, the positive effect can extend to the people around them. Early intervention and community-based support can also help prevent difficulties from escalating and reduce pressure on primary care, hospitals, social care and specialist mental health services.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

Community wellbeing and early intervention

MHM Wales continued to provide open-access Wellbeing Hubs and community groups across Bridgend County Borough. The Hubs offer welcoming and non-judgmental environments where people can meet others, reduce isolation, take part in activities and access information about mental health, wellbeing and local support.

Activities delivered through the Hubs included creative groups, music, conservation, gardening and courses provided in partnership with Adult Learning Wales and other community organisations.

During 2025-26, the Bridgend Wellbeing Hubs and associated groups recorded 3,721 attendances. Feedback collected during the final quarter showed that 94% of respondents believed attending made their life better, while 89% felt that attending helped them feel part of their community.

The Union Offices community wellbeing space was also improved during the year with support from Bridgend County Borough Council's Resilient Communities Capital Grant. The refurbishment made the building more welcoming, accessible and flexible and enabled increased community and partnership use.

Creative Connections was delivered between July 2025 and January 2026 in partnership with Bridgend County Borough Council and funded through the UK Government's Shared Prosperity Fund. The programme combined community creative wellbeing sessions, creative and music activities for people living with dementia and emotional wellbeing workshops delivered with Bridgend College.

The Wellbeing Skills and Pathways Programme launched in March 2026 as a cluster-funded pilot linked to primary care in Bridgend. The programme was developed to provide preventative, non-clinical support focusing on stress management, emotional regulation, confidence, resilience and practical coping strategies. As the programme commenced close to the end of the financial year, most delivery and outcome information will fall within 2026-27.

Calfaria Wellbeing and Wellness Hub

A significant development during the year was the opening of the Calfaria Wellbeing and Wellness Hub in Treorchy in February 2026.

Calfaria provides an open-access community space where people can receive non-clinical wellbeing support, information and advocacy and take part in peer support, creative, social and dementia-friendly activities without requiring an appointment or formal referral.

Between its opening and 31 March 2026, Calfaria recorded 348 attendances and supported 15 community advocacy cases.

A six-week Dementia Hub pilot was also delivered from Calfaria during February and March 2026. The pilot supported 35 people, recorded 58 attendances and demonstrated positive outcomes relating to loneliness, wellbeing and social connection.

The development of Calfaria was supported through partnerships with Rhondda Cynon Taf County Borough Council, Interlink RCT, Cwm Taf Morgannwg Regional Partnership Board and a range of local health, voluntary and community organisations.

Wellbeing Retreat

The Wellbeing Retreat continued to provide adult-only, out-of-hours support to people experiencing mental health difficulties and social distress.

The service provides a safe, non-clinical environment for people experiencing anxiety, depression, loneliness, relationship difficulties, caring responsibilities, stress and other circumstances affecting their mental wellbeing. Support is available face to face and by telephone, with transport assistance helping to remove barriers to attendance.

During 2025-26, the Wellbeing Retreat received 946 referrals, compared with 711 during the previous year. This represents an increase of approximately 33%.

All individuals were seen within the service's 48-hour target. Outcome information also demonstrated improvements in wellbeing, confidence and reduced loneliness and isolation.

The service's referral boundaries were extended during the year to include neighbouring areas of Rhondda Cynon Taf, improving access and contributing to the increase in demand.

Counselling and peer support

Talking Connections continued to provide accessible one-to-one counselling to adults aged 18 and over. Counselling was offered face to face, by telephone and online.

Between 1 April 2025 and 31 March 2026, Talking Connections supported 508 clients. During the same period, 58 trainee counsellors completed their placements and went on to qualify as counsellors.

By March 2026, Talking Connections could offer counselling in 11 languages in addition to English, with face-to-face counselling available in Welsh, Punjabi and Urdu. Partnerships with universities and training providers continued to increase the capacity and accessibility of the service while supporting the development of the future counselling workforce.

SHARE continued to provide peer support for adults affected by self-harm. During 2025-26, SHARE delivered 51 sessions and recorded 241 attendances. The service continued to be supported through MHM Wales's free reserves.

Children and young people

The CAMHS Reach Out Service continued to be delivered through an integrated partnership between Cwm Taf Morgannwg University Health Board and MHM Wales.

The service provides rapid, short-term outreach support to children and young people experiencing an acute mental health crisis, with the aim of preventing further deterioration and, where possible, avoiding hospital admission.

Between 1 April 2025 and 31 March 2026, the Reach Out Service supported 152 children and young people. Staff worked closely with Emergency Departments, CAMHS, Specialist CAMHS and community services to provide coordinated support and assist young people to move into appropriate longer-term provision where required.

MHM Wales also delivered Emotional Wellbeing and Anxiety Management workshops across the Cwm Taf Morgannwg University Health Board area. During 2025-26, this service received 220 referrals and delivered 224 sessions. The workshops helped young people develop coping strategies, improve emotional awareness and build resilience.

Advocacy and protection of rights

MHM Wales continued to provide a range of statutory and non-statutory advocacy services. These services help people understand their rights and options, express their wishes and participate in decisions affecting their care, support, residence and wellbeing.

During 2025-26, Independent Professional Advocacy services continued in Bridgend, Neath Port Talbot and Swansea.

A significant development was MHM Wales being commissioned to provide Independent Professional Advocacy services on behalf of Cardiff Council and the Vale of Glamorgan Council from April 2025. This expanded the geographical reach of our advocacy provision and enabled more people to access independent, rights-based support under the Social Services and Well-being (Wales) Act 2014.

The Parent Peer Advocacy Support Service continued to support parents and families involved with social services. Changes to the Welsh Government funding arrangements during the year led to preparations for the service to move towards an advocacy-only delivery model.

Our Community Advocacy Service continued to assist people whose needs fell outside the eligibility criteria for commissioned statutory advocacy. The service helped people address issues involving housing, correspondence, appointments, services, debt and other circumstances affecting their mental health and wellbeing.

MHM Wales also continued to provide specialist advocacy through its Litigation Friend, Appropriate Adult and Professional Nearest Relative services. These services protect the rights of people who may lack capacity, require support in police custody or do not have a family member or friend able to undertake a statutory representative role.

A notable Court of Protection case involving one of our advocates acting as Litigation Friend was published during the year: Neath Port Talbot County Borough Council v CK & Ors [2025] EWCOP 47 (T3).

Paid Relevant Person's Representative Service

MHM Wales continued to provide Paid Relevant Person's Representative services on behalf of Rhondda Cynon Taf and Merthyr Tydfil local authorities.

The service supports people subject to a Deprivation of Liberty Safeguards authorisation who do not have an appropriate family member or friend available to act as their representative. Representatives ensure that the person's wishes and feelings are heard and support them to request a review or challenge their arrangements where appropriate.

During 2025-26, the service received 162 referrals, of which 143 were from Rhondda Cynon Taf and 19 from Merthyr Tydfil.

All referrals were allocated within two working days. At the end of the year, the wider specialist service was also managing 11 open section 16 Court of Protection cases and two open section 21A cases.

Dementia Hubs

Our Bridgend Dementia Hubs continued to provide information, activities and support to people living with dementia, their families and carers across Bridgend, Maesteg, Ogmore Vale and Porthcawl.

During 2025-26, the Bridgend Dementia Hubs recorded 3,766 attendances, compared with 3,469 during the previous year. This represents an increase of approximately 8.6%.

The Hubs provide opportunities for social contact, peer support and meaningful activity while helping people and their carers understand the support available locally.

Therapeutic activity and post-discharge support

Our Therapeutic Activity and Wellbeing Support service continued to support hospital patients experiencing dementia, cognitive impairment and other complex needs. The service operated primarily at St David's Hospital, with additional activity at Lakeside Wing and Barry Hospital.

Staff and volunteers provided one-to-one befriending, bedside support, creative activity, gardening, movement, reminiscence and sensory activities. Partnerships with Welsh National Opera, Rubicon Dance, Pets as Therapy, BBC National Orchestra of Wales and Home Instead enhanced the range of activities available.

During the final quarter, 67 patient feedback responses were received and overall satisfaction was reported as 94%.

The Social Prescribing service supported patients following discharge by providing information, befriending contact and practical assistance to access community activities and services. During 2025-26, the service received 40 referrals.

A Therapeutic Wellbeing Outreach pilot commenced in January 2026 to provide activity-based support in people's homes following discharge. By March 2026, the service was managing 12 ongoing cases. The pilot worked alongside Social Prescribing to help people rebuild confidence, routine and community connections.

Information, training and public awareness

The Information Service continued to provide mental health and wellbeing information and signposting across Bridgend County Borough.

Operating on a part-time basis, the service delivered information through community venues, hospitals, schools, colleges, job centres, faith settings and community events.

During 2025-26, the Information Service:

- delivered 97 information sessions and community events;

- engaged 1,880 people face to face;

- responded to 188 direct enquiries by email or telephone; and

- recorded 7,477 unique visits to the Grapevines website.

The service worked with local authority, health, education, voluntary and community partners to strengthen referral pathways and help people identify and access appropriate support.

MHM Wales also continued to promote mental health awareness through school and college sessions, wellbeing workshops, community engagement and partnership activity.

Volunteering

Volunteers and placement students continued to make an important contribution across counselling, Wellbeing Hubs, Dementia Hubs, therapeutic activities and other community services.

Between 1 April 2025 and 31 March 2026, MHM Wales recruited 31 new volunteers.

Volunteering increased the support available to people using our services while providing volunteers with opportunities to develop skills, build confidence, gain experience and contribute to their communities. The charity also continued to work with universities and colleges to provide placement opportunities for students.

Our Trustees, who are themselves volunteers, our staff and the people using our services greatly appreciate the time, experience and commitment provided by all our volunteers.

DBS Cymru

DBS Cymru continued to operate as a Disclosure and Barring Service Umbrella Body, processing criminal-record applications on behalf of voluntary organisations, businesses, public organisations and other eligible applicants.

During 2025-26, DBS Cymru received 376 applications, compared with 237 during the previous year. This represents an increase of approximately 59%.

The service supports safeguarding across Wales, while any surplus generated contributes towards the sustainability and development of MHM Wales's charitable services.

Lobbying and campaigning

MHM Wales continued to participate in the Wales Alliance for Mental Health and other sector networks.

Through these partnerships, we contributed to discussions concerning prevention, early intervention, access to community-based support and the importance of ensuring that people experiencing mental health difficulties are treated with dignity and compassion.

This work enables MHM Wales to share its experience as a service provider and contribute to the development of mental health policy and services across Wales.

FINANCIAL REVIEW

Reserves policy

The total income of £1,783,891 (2025: 1,556,263) was spent on direct charitable expenditure totalling £1,662,355 (2025: £1,367,904) resulting in a surplus of £121,536 (2025: surplus of £188,359).

The Statement of Financial Activities reflects the income and expenditure incurred by Mental Health Matters Wales Ltd in carrying out its role in respect of its objectives. The total funds at 31 March 2026 were £2,913,071 (2025: £2,791,535), with £2,781,218 (2025: £2,791,535) being designated and restricted.

The Executive Committee (Board of Trustees) of MHM Wales has established a comprehensive reserves policy designed to ensure the charity maintains sound financial stewardship and fulfils its legal responsibilities. This policy is the result of meticulous strategic planning, budgeting, and risk management processes within the organisation. It is important to note that this policy is dynamic in nature; the Finance Sub-Committee which comprises members of the Executive Committee reviews the Reserves Policy annually to ensure its continued relevance and effectiveness.

The reserves policy is built upon several key principles, including:

- Contingency Planning for Critical Costs: Adequate reserves are set aside to cover unforeseen expenses that may arise.

- Alignment with the Medium-Term Strategic Plan: Reserves are allocated to support the objectives outlined in the charity's medium-term strategic framework.

- Capital Expenditure Matching: Provisions are made to finance any anticipated capital projects or investments.

- True Free Reserves: Any remaining reserves are classified as 'true free reserves', reflecting the charity's available funds beyond committed obligations.

By engaging in an annual review of the Reserves Policy, the Executive Committee assess the charity's financial position and operational context, ensuring the reserve levels are consistently monitored within the framework of ongoing budgeting and financial reporting. This proactive approach not only safeguards the charity's future sustainability but also reinforces its commitment to transparency and fiscal responsibility.

FUTURE PLANS

The charity aims to continue to offer the full range of services it currently offers and expand its operations. To support this aim, we have purchased an office in Treorchy where we hope to mirror a number of services which we currently deliver in the Bridgend borough.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Recruitment and appointment of new trustees

The Executive Committee is composed of the charity's trustees, who are elected from nominations submitted by members during the Annual General Meeting (AGM). Each elected member serves a term of three years, after which they are eligible to stand for re-appointment. Officer positions within the committee are contested and elected on an annual basis.

The Executive Committee must include a minimum of three members, ensuring that no more than three members are due for re-appointment in any given year. The Secretary, who is currently the Chief Executive Officer, Richard Jones, is appointed by the executive committee to oversee and manage the day to day running of Mental Health Matters Wales.

The Executive Committee convenes regularly, meeting every three months to discuss the charity's progression and strategic initiatives. To ensure robust oversight, a financial sub-committee oversees the charities financial operations, while a personnel sub-committee manages all aspects related to human resources, including the development and review of relevant policies. Both sub-committees present their findings and recommendations directly to the full board during scheduled meetings.

In addition to these provisions, the executive committee has the authority to co-opt additional members throughout the year. However, any co-opted individuals must stand for election during the subsequent AGM to serve beyond that point.

A trustee shall vacate their position if they become disqualified, fail to attend meetings for a specified duration, formally notify the trustees of their intention to resign, cease to be a member, or neglect to declare an interest in any contract associated with the charity.

Organisational structure

Senior management team:

Mr Richard Jones Chief Executive Officer

Day to day management of the organisation is delegated to the Chief Executive Officer as stated above. The adoption of aims and objectives or strategies to achieve them, and of policies and procedures are matters for the executive committee, as is the responsibility for ensuring compliance with various legal and regulatory obligations of the organisation and of the Trustees.

Risk management

The Executive Committee have a fundamental responsibility to identify and assess the risks to which the charity is exposed, as well as to ensure appropriate controls are implemented to provide reasonable assurance against fraud and error.

As we compose this report, we find ourselves amid an ongoing economic downturn accompanied by a cost-of-living crisis. This challenging environment has already resulted in a marked increase in demand for our services, as more individuals and families seek assistance during these trying times. Consequently, we may need to consider either expanding our services or adjusting our strategic approach to effectively address this heightened demand.

It is imperative we maintain a vigilant watch over emerging economic trends and adapt our operations accordingly. By doing so, we can ensure we continue to meet the evolving needs of our communities, even in the face of financial constraints. Our proactive and flexible approach will enable us to not only sustain our current services but also to make a meaningful and positive impact on those we serve during these difficult times.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

06468412 (England and Wales)

Registered Charity number

1123842

Registered office

Union Offices

Quarella Road

Bridgend

Mid Glamorgan

CF31 1JW

Trustees

S A Hawas

D Patel (resigned 7.1.26)

R Young

N E Silcox

J C Spanswick

E Tanner

R D Tanner (resigned 18.12.25)

J R Hardwick (appointed 21.10.25)

J Mcdonald (appointed 3.11.25)

Company Secretary

R Jones

Auditors

Bevan Buckland Audit Ltd (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Mental Health Matters Wales Ltd for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

The auditor, Bevan Buckland, previously traded through the legal entity Bevan Buckland LLP, following a restructure and regulatory changes, Bevan Buckland LLP ceased to hold an audit registration with the engagement transitioning to Bevan Buckland Audit Ltd.

AUDITORS

The auditors, Bevan Buckland Audit Ltd (Statutory Auditors), will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 22 October 2026 and signed on its behalf by:

R Young - Trustee

Opinion

We have audited the financial statements of Mental Health Matters Wales Ltd (the 'charitable company') for the year ended 31 March 2026 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2026 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Extent to which the audit was considered capable of detecting irregularities, including fraud

We identify and assess the risks of material misstatement of the Financial Statements, whether due to fraud or error, and then, design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

We discussed our audit independence complying with the Revised Ethical Standard 2024 with the engagement team members whilst planning the audit and continually monitored our independence throughout the process.

Identifying and assessing potential risks related to irregularities.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

-

enquiring of management, including obtaining and reviewing supporting documentation, concerning the Charity's policies and procedures relating to:

-

identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of non-compliance;

-

detecting and responding to the risks of fraud and whether they have knowledge of any actual. suspected or alleged fraud;

-

the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations;

-

discussing among the engagement team how and where fraud might occur in the financial statements and any potential indicators of fraud.

-

obtaining an understanding of the legal and regulatory frameworks that the Charity operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the Charity, The key laws and regulations we considered in this context included the UK Companies Act and relevant tax legislation.

Audit response to risks identified

In addition to the above, our procedures to respond to risks identified included the following:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations;

-

enquiring of management concerning actual and potential litigation and claims; performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reading minutes of meetings of those charged with governance;

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments;

-

assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and

-

evaluating the operational rationale of any significant transactions that are unusual or outside the normal course of operations.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Michael Jones (Senior Statutory Auditor)

for and on behalf of Bevan Buckland Audit Ltd (Statutory Auditors)

Ground Floor Cardigan House

Castle Court

Swansea Enterprise Park

Swansea

SA7 9LA

22 October 2026

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

48,157

-

48,157

30,876

Charitable activities

4

Advocacy Services

887,291

-

887,291

792,459

Community Services Support

748,848

-

748,848

632,391

DBS Cymru

19,902

-

19,902

10,608

Other

788

-

788

4,300

Investment income

3

78,905

-

78,905

85,629

Total

1,783,891

-

1,783,891

1,556,263

EXPENDITURE ON

Charitable activities

5

Advocacy Services

733,912

-

733,912

662,470

Community Services Support

702,538

-

702,538

510,664

DBS Cymru

18,207

-

18,207

14,689

Other

207,698

-

207,698

180,081

Total

1,662,355

-

1,662,355

1,367,904

NET INCOME

121,536

-

121,536

188,359

RECONCILIATION OF FUNDS

Total funds brought forward

2,791,535

-

2,791,535

2,603,176

TOTAL FUNDS CARRIED FORWARD

2,913,071

-

2,913,071

2,791,535

2026

2025

Unrestricted

Restricted

Total

Total

funds

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

11

486,597

-

486,597

452,626

CURRENT ASSETS

Debtors

12

146,261

-

146,261

109,940

Cash at bank and in hand

2,329,688

-

2,329,688

2,270,711

2,475,949

-

2,475,949

2,380,651

CREDITORS

Amounts falling due within one year

13

(49,475

)

-

(49,475

)

(41,742

)

NET CURRENT ASSETS

2,426,474

-

2,426,474

2,338,909

TOTAL ASSETS LESS CURRENT LIABILITIES

2,913,071

-

2,913,071

2,791,535

NET ASSETS

2,913,071

-

2,913,071

2,791,535

FUNDS

14

Unrestricted funds

2,913,071

2,791,535

TOTAL FUNDS

2,913,071

2,791,535

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 22 October 2026 and were signed on its behalf by:

R Young - Trustee

Cash flows from operating activities

Cash generated from operations

1

30,099

194,106

Net cash provided by operating activities

30,099

194,106

Cash flows from investing activities

Purchase of tangible fixed assets

(50,027

)

(19,087

)

Interest received

78,905

85,629

Net cash provided by investing activities

28,878

66,542

Change in cash and cash equivalents in the reporting period

58,977

260,648

Cash and cash equivalents at the beginning of the reporting period

2,270,711

2,010,063

Cash and cash equivalents at the end of the reporting period

2,329,688

2,270,711

1.	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2026

2025

£

£

Net income for the reporting period (as per the Statement of Financial Activities)

121,536

188,359

Adjustments for:

Depreciation charges

16,055

13,778

Interest received

(78,905

)

(85,629

)

(Increase)/decrease in debtors

(36,320

)

75,689

Increase in creditors

7,733

1,909

Net cash provided by operations

30,099

194,106

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.25

Cash flow

At 31.3.26

£

£

£

Net cash

Cash at bank and in hand

2,270,711

58,977

2,329,688

2,270,711

58,977

2,329,688

Total

2,270,711

58,977

2,329,688

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.

Income from advocacy and DBS services is recognised when the charity has entitlement to the monies, and it is probable that the income will be received and the amount can be measured reliably.

Income from donations and fundraising is recognised when the respective income is received.

Income from legacies is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured sufficiently reliably.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate hasbeen granted, the estate has been finalised and notification has been made by the executor(s) to the Trust that adistribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part,is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income from government and other grants, and as a result of service level agreements is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probably that the income will be received and the amount can be measured reliably.

Donations in kind for example donated goods are recognised as income at fair value when received where the value can be measured reliably. Goods donated for use in the charity's operations are recognised within support costs as they are used. Items of a capital nature are capitalised in accordance with the charity's fixed asset policy.

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.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities, both costs directly attributable and indirect support costs.

Allocation and apportionment of costs

Costs have been allocated as far as possible between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly. Others have been apportioned based on the estimated usage of the resource.

Tangible fixed assets

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

Freehold property

-

2% on cost

Fixtures and fittings

-

15% on cost

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 report of the trustees.

Pension costs and other post-retirement benefits

The charitable 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.

Government grants

Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measures or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Hire purchase and Leasing agreements

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Employee benefits

The charity provides a range of benefits to employees, paid holiday arrangements and defined contribution pension plans.

Short term benefits

Short term benefits, including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

Functional and Presentational currency

The functional and presentational currency is £ sterling.

Going Concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

2.	DONATIONS AND LEGACIES

2026

2025

£

£

Donations

44,290

30,876

Donations in kind

3,867

-

48,157

30,876

3.	INVESTMENT INCOME

2026

2025

£

£

Deposit account interest

78,905

85,629

4.	INCOME FROM CHARITABLE ACTIVITIES

2026

2025

Activity

£

£

PRPR income

Advocacy Services

168,595

297,378

SLA

Advocacy Services

556,566

433,782

Specialist Advocacy Provision

Advocacy Services

162,130

61,299

Grants

Community Services Support

25,550

71,032

Other income

Community Services Support

3,073

957

SLA

Community Services Support

720,225

560,402

Other income

DBS Cymru

19,902

10,608

Other income

Other

788

4,300

1,656,829

1,439,758

Grants

Other

PRPR

SAP

SLA

Total

£

£

£

£

£

£

Advocacy Services

-

-

168,595

162,130

556,566

887,291

Comm. Services Support

25,550

3,073

-

-

720,225

748,848

DBS Cymru

-

19,902

-

-

-

19,902

Other

788

788

25,550

23,763

168,595

162,130

1,276,791

1,656,829

Grants received, included in the above, are as follows:

2026

2025

£

£

Wellbeing services

25,550

71,032

25,550

71,032

5.	CHARITABLE ACTIVITIES COSTS

Support

Direct

costs (see

Costs

note 6)

Totals

£

£

£

Advocacy Services

721,974

11,938

733,912

Community Services Support

378,584

323,954

702,538

DBS Cymru

18,047

160

18,207

Other

110,762

96,936

207,698

1,229,367

432,988

1,662,355