CARDIFF AND VALE ACTION FOR MENTAL HEALTH
Mental Health Development Service for Cardiff and the Vale of Glamorgan, working with third sector groups with an interest in mental health, mental health service users and carers.
Financial health, per its FY2025 accounts
The accounts state that the charity ceased operations and is winding up due to the loss of core funding, resulting in a net deficit of £131,248 for the period. Total reserves have decreased significantly to £22,697, which the trustees note is the minimum level needed to meet legal commitments during the exit strategy. The financial statements have been prepared on a basis other than going concern.
What the accounts disclose
“A minimum level of reserves needs to be retained to ensure the trustees can operate their exit strategy and meet its legal commitments should the Charity be unable to continue due to a lack of a sustainable income stream.”
“Accordingly, the financial statements have not been prepared on a going concern basis.” — page 13
Register events
- Received assets from another charity (08/06/2016)
Trustees
- MR Jeremy Reeschair
- Kayley Hyman
- Ken Barker
- SUSAN JONES
- Sarah Scire
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £96k | £227k |
| 31/03/2024 | £103k | £90k |
| 31/03/2023 | £158k | £208k |
| 31/03/2022 | £235k | £222k |
| 31/03/2021 | £223k | £185k |
Common questions
Is CARDIFF AND VALE ACTION FOR MENTAL HEALTH financially healthy?
Per its FY2025 accounts: The accounts state that the charity ceased operations and is winding up due to the loss of core funding, resulting in a net deficit of £131,248 for the period. Total reserves have decreased significantly to £22,697, which the trustees note is the minimum level needed to meet legal commitments during the exit strategy. The financial statements have been prepared on a basis other than going concern. Its FY2025 accounts were independently examined.