VALE OF CLWYD MIND ASSOCIATION

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Auditor

Harold Smith

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.”

Significant events

• “DORIS on tour: We have continued to deliver a project funded via National Mind cost of living fund and The Waterloo foundation. The funding is in place for 12 months and we are utilizing DORIS across Denbighshire to assist in the delivery of this service.”
• “Mental Health & Wellbeing Service: The service continues and at this point funding is going June 2025, we are however in discussion with the Funders to hopefully secure continuing funding.”
• “Walking Group: Due to financial climate our walking groups ended in September 2024. We continue to look for funding to reestablish this valuable service.”
• “Support Groups / Outreach: The charity continued to maintain multi-purpose premises in central Rhyl providing a head office base and social activities in that area until February 2025 when our Head Office was relocated to our new building, The Buttermarket. Our support services continue to remain in part of the building in Rhyl. Due to the financial climate and the pressures, we have faced, we have had to take a difficult decision and stop providing support groups in St Asaph, Ruthin & Corwen. We have maintained our support group in Llangollen and our allotment in Ruthin and increased our presence in Denbigh providing support at The Buttermarket.”
• “Headquarters: Our Head Office has moved from Marsh Road in Rhyl to our new building in Denbigh 'The Buttermarket'.”
• “Buttermarket: The renovation and development of The Buttermarket is almost complete. We have accepted partial handover and moved into the premises in February.”
• “VAT Registration: Due to the increase in cost of living having such an impact on the overall project cost. A shortfall was realized of over £200.000. To assist in covering this shortfall and enable completion of the project, the organisation worked with Cubed Tax, VAT Specialist to secure a Partial Exemption Special method (PESM) agreement with HMRC and as a result voluntarily registered for VAT.”
• “Musical Groups: We have extended our music groups to Prestatyn & Denbigh and now provide four groups across Denbighshire.”
• “Fundraising: In January 2024 the charity has taken the decision that we need to actively fundraise to help bridge the gap from funding available and raise our profile and awareness regarding Mental Health.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +19.2%

  £577,418 → £688,398

• Cash

  -3.7%

  £272,976 → £262,790

• Net assets

  —

  Not reported

• Employees

  -10%

  30 → 27

  lowest in 6 filed years

• Wages

  -10.6%

  £744,493 → £665,808

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers