CARDIFF MIND LTD
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £62,733 for the year ended 31 March 2025, reducing total reserves to £961,959. The auditors have identified a material uncertainty related to going concern due to sustained financial pressure and the loss of major funding streams. Despite these challenges, the trustees maintain that viable options, including potential restructuring and merger discussions, exist to stabilize the organization.
What the accounts disclose
“the trustees have developed a reserves policy and have calculated that the charity needs to hold £490,000 in reserves to manage cash flow, continuity and liability risks as well as any emergency expenditure and monies for expansion of services.” — page 9
“The current position indicates that, whilst there are options available to the charity, a material uncertainty does exist that may cast significant doubt on the charity's ability to continue as a going concern.” — page 14
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- JULIE ANNE DAWSON
- Kristy Maloney
- LEE LANCIOTTI
- PHILIP EDWARDS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.7m |
| 31/03/2024 | £1.6m | £1.8m |
| 31/03/2023 | £1.7m | £1.6m |
| 31/03/2022 | £1.6m | £1.3m |
| 31/03/2021 | £1.3m | £1.1m |
Common questions
Is CARDIFF MIND LTD financially healthy?
The accounts state that the charity reported a net deficit of £62,733 for the year ended 31 March 2025, reducing total reserves to £961,959. The auditors have identified a material uncertainty related to going concern due to sustained financial pressure and the loss of major funding streams. Despite these challenges, the trustees maintain that viable options, including potential restructuring and merger discussions, exist to stabilize the organization. Its FY2025 accounts were audited by Menzies LLP.