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2022-03-31-accounts

Company registration number: 07814000 Charity registration number: 1145211

Brecon And District Mind

(A company limited by guarantee)

Annual Report and Financial Statements

for the Year Ended 31 March 2022

Brecon And District Mind

Contents
Trustees' Report 1 to 17
Independent Examiner's Report 18
Statement of Financial Activities 19
Balance Sheet 20
Notes to the Financial Statements 21 to 34

Brecon And District Mind

Trustees' Report

The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 March 2022.

Objectives and activities

Objects and aims

The charity’s objects as laid down in the Memorandum and Articles are specifically restricted to the following:

a) To promote the preservation of good mental health in particular by enabling and empowering everyone experiencing mental health problems to live with, manage and recover from their condition.

b) To relieve the needs of people with mental health problems by working to increase the understanding of mental health and mental health problems by gathering and disseminating information and working to raise awareness, promote understanding and challenge stigma and discrimination.

The organisation seeks to promote these objectives through:

• Providing open access to support through a range of services, information, signposting to other services, and a range of therapeutic social, leisure and educational opportunities designed to promote mental and physical health and to increase individuals’ self- confidence and well-being.

• Supporting and enabling service users to identify their individual goals and work towards their own well-being.

• Encouraging service users to contribute to the planning, development, delivery and monitoring of Brecon and District Mind’s activities and local mental health services.

• Liaising and working in partnership with statutory and voluntary agencies within and outside the area of mental health.

• Working effectively as part of the Mind network maintaining the Mind Quality Mark in our service delivery with a positive approach to maintaining and developing relationships with other local Minds.

• Developing and strengthening links within the local community and identifying opportunities for volunteering and employment and to ensure people who experience mental distress can be fully integrated in to all aspects of life in the community.

• Diversifying our sources of income and strengthening our financial reserves in order to ensure the long-term sustainability of the organisation.

Our Purpose is very important to everyone who is engaged in the organisation in whatever capacity:

“Here when you need us to help you manage your mental health and wellbeing”

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Objectives, strategies and activities

Objectives for 2021-2022

  1. Keep as many of our activities running as possible despite COVID.

  2. Ensure the well being of staff and service users during COVID.

  3. Increase support in the community for people in distress and having suicidal thoughts.

  4. Increase support within the community for young people and engage with local schools.

  5. Ensure we react to funding opportunities in order to secure financial stability.

  6. Increase our Membership.

Achievement of these objectives:

These are set out under the appropriate heading below.

Board of Trustees’ Strategies:

  1. Enable the change of use of space with its offices to allow as many activities as possible to take place. Ensure the legal & H&S requirements of COVID lockdown were planned for and executed.

  2. Ensure staff were kept safe within the office environment and where appropriate they were able through the appropriate use of IT to work from home.

  3. Run a Pilot scheme for a Twilight Service funded by the Powys Health Board.

  4. Engage with local schools by running a Children's and Young People pilot with funds from Moondance.

  5. Continue to use our outsourced Funding partner Funding Assist with support from a Trustee led Funding Sub-committee whose remit is to renew the Funding strategy to bring in corporate sponsorship, encourage more local buy-in to fundraising activities and explore other ways of raising funds.

  6. Form a Trustee led Sub-committee to explore ways of attracting new Members; including social events, briefings, social media presence etc

Activities

Our locality and its challenges:

The area Brecon & District Mind serves is in south Powys, which is the largest and most rural county of Wales. Known for its beauty and the Brecon Beacons, one of the first areas of Britain to be given National Park status. The population of Powys (c. 134,000) however is far lower when compared to the most populous counties of Wales like Cardiff or the Rhondda.

Funding from the Welsh Government is based on population which means Powys Teaching Health Board faces financial difficulties in providing services themselves or funding to other Service Providers.

Due to the size of Powys and its sparse population, it is challenging for services to be delivered consistently across the area. There are pockets of social deprivation existing next to wealthier communities which makes it hard to focus services appropriately.

Irregular and expensive public transport create further barriers for rurally isolated individuals, particularly when combined with poverty, anxiety, agoraphobia and physical health problems in some cases.

Social isolation is of major concern for many elderly and disabled people in our communities and contributes to the deterioration of mental health.

In recent years, Brecon and District Mind has become a significant organisation for supporting mental health in the local community providing a wide range of services, learning opportunities, activities and support in an area of ever-increasing demand. Even now as the pandemic eases, we are seeing the aftermath and ripple effects on levels of anxiety, depression, isolation and issues around bereavement and relationship breakdown.

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It is, therefore, necessary to ensure we continue to provide services that are meeting the changing needs of the local community. Many people experienced mental health issues for the first time during this period. As cuts challenge the statutory provisions for mental health, it has fallen to the voluntary sector to provide more support but not necessarily with more resources.

Our new Initiatives:

Children and Young People’s Service.

Twilight Sanctuary Service - Crisis Prevention.

Our services and projects supporting our community:

Some of our range of well-being activities suspended due to Covid restarted.

Our community bus kindly donated to us enables people without transport to take part in these wellbeing activities.

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Fundraising disclosures

Fundraising and our Funders :

We are indebted to our funders and fundraisers.

We would like to acknowledge everyone who has made it financially possible for us to deliver our services to our service users.

Powys Teaching Hospital Board provide us with the critical funding to enable the organisation to function and deliver our critical services.

Powys County Council Supporting People Programme has enabled us in partnership with Mid & North Powys Mind to deliver support to people experiencing homelessness and consequently Mental Health issues. We have been able to maintain our extended opening hours in the Community Well-Being Centre and provide floating support for homelessness, social isolation and Family Support

Powys County Council for their critical funding financial support and their grant to the volunteer project. Red Kite GP Cluster has funded our Social Prescribing Project which is making such a difference in getting people in need of Mental Health support to the right service quickly.

Mind Cymru financial support for Active Monitoring is vital to delivering that service.

Lloyds Foundation Enhanced Programme grant has enabled us to fund the manager of the Wellbeing service. The National Lottery has enabled the Mum’s Matter project to continue and invest further support for Counselling.

Moondance provided funds for Green Minds Eco-therapy and the Children's and Young People Project. PAVO supports the delivery of Active Monitoring for the Children's and Young People Project. Brecon Town Council for their financial support of Green Minds.

Postcode Community Lottery for their financial support of Green Minds.

Mid & North Powys Mind for their funding of Bereavement Support.

Friends of Brecon & District Mind have been unable to meet through COVID. However, we are hopeful that the Friends will continue with their events & fundraising activities in 2022/2023.

Local Fundraising in the past has contributed significantly to our funds and we look forward to that continuing through 2022/2023.

Funding still remains our central strategic priority and we continue to work with our Fundraising Consultant to make grant applications. We realise that we need to continue to diversify our funding streams to be sustainable in the future. To this end, we have initiated a Trustee led Funding Sub-committee whose remit is to renew the Funding Strategy to bring in corporate sponsorship, encourage more local buy-in to fundraising activities and explore other ways of raising funds.

Public benefit

Trustees are aware of the public benefit requirement. Our activities are open to all those in the Brecon and District area who identify themselves as suffering with mental illness or mental distress. All our charitable activities, as described above, focus on our key aims of the prevention and relief of mental distress and illness and increasing opportunities to raise awareness and offer support to individuals within the community.

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

Use of volunteers

As Covid restrictions have eased and with the appointment of a Volunteer Coordinator we have been building a team of Volunteers. At 31st March we had 17 active volunteers. We are hopeful that the new Volunteer Coordinator post will attract and support volunteers to contribute to all areas of Brecon & District Mind. Many of the Volunteers have received our support and so are joining our team to give back to something they care about.

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Achievements and performance

The last 12 months proved to be extremely challenging due to the pandemic and the lifting and reintroduction of restrictions. We were able to continue to deliver our support services to ensure people with poor Mental Health were able to access the support they needed.

The Organisation continues to grow steadily, and we can celebrate the fact that again this year we have attained funding to start up more new projects; Children’s and Young People Service and Twilight Service in order to offer more services to the local community.

Key Activities

Wellbeing Service :

The Wellbeing Service at Brecon and District Mind offers quick access to one of our trained practitioners in line with our purpose “Here when you need us to help you manage your mental health and well-being.”

In our 1:1 sessions, face to face or by Zoom/Phone we can talk through “What Matters” and together establish a pathway for support. This may be through our own services or signposting to relevant support organisation. Support is ongoing as long as the help is needed.

Weekly outreach groups in Hay and Talgarth take place in local community spaces. We offer a Wellbeing Service and group activities such as walking, creative and alternative therapies and mindfulness. There is also a well-established weekly pottery group in Crickhowell.

The daily drop-ins at Ty Croeso have resumed as well as other group activities. These include creative sessions in art and pottery. There are also groups that focus on particular areas such as depression and anxiety, hearing voices and coping with suicide.

The allotment group have continued to meet when possible, throughout the restrictions. There is full access and raised beds for growing produce which is sold at Ty Croeso to raise funds.

Achievements – supported 359 people through 3,276 sessions Funders – Powys Teaching Health Board – Core Powys County Council-Housing related support. Lloyds Foundation – Community Wellbeing Manager

Counselling:

Brecon Mind provides a subsidised, affordable counselling service to local people. We make every effort to provide service users with help at the time they need it but the increase in demand during COVID has given us some resource challenges.

Achievements – supported 143 people 822 sessions

Funders – Powys Teaching Health Board, Natioanl Lottery and Charitable donations

Twilight Sanctuary Service- Crisis Prevention :

We are aware that more people than ever are struggling with life’s difficulties and pressures. When life gets too difficult it can be hard to contain the feelings and emotions that arise. This can lead to thoughts of self-harm and/or suicide. The Twilight Sanctuary service provides comfort and support from experienced and qualified crisis support practitioners and helps to prevent the need for people to use statutory services such as A&E or the Police.

Achievements - supported 32 people through 131sessions Funders – Powys Teaching Health Board and Donations

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Active Monitoring

Our free service called ‘Active Monitoring’ provides referred participants with a 6 week programme. There are a number of different pathways; Anxiety, Depression, Low self-esteem, Stress, Feeling alone and Managing anger. We offer listening support, self-help exercises and goal setting. This service is provided to people who present with lower-level mental health needs, and can be provided quickly (within a week). This often helps an individual’s condition from worsening. In many cases (75%) individuals find that they need no further support after experiencing this form of help.

Achievements - supported 534 people through 2,156 sessions Funders - Mind Cymru

Children and Young People’s Work in Schools

We continue to build on the pilot working with children and young people within high schools in South Powys. The demand for such a service has grown over the years.

We recently undertook a needs assessment in conjunction with local comprehensive schools which found that the most pressing need was for 1:1 mental health support for children. This is something that we’ve now responded to by piloting a new young person’s ‘Active Monitoring’ service, to answer that demand.

Using the Mind UK model, a ‘Whole School’ approach, we will continue to work with both pupils and teachers to tackle mental health priorities within each school, including providing assemblies, mental health group work, 1:1 support, and teacher support, so that each school has a robust framework and mechanism to address mental welfare in an appropriate way. We have also introduced a buddying system, whereby 6th form students act as mental health advocates to provide points of contact for pupils to come and talk to them to be signposted for support. Children can also access support externally from school, via our Active Monitoring service, specifically for Children and Young People.

Achievements - supported 38 individuals through 146 sessions ( this does not include whole school/classroom plenary sessions)

Funders - PAVO - Active Monitoring and Moondance

Mums Matter

Mums Matter is a National Mind programme that was created by Mums, for Mums with babies up to 2 years old to help them to adjust to motherhood. Brecon and District Mind have been delivering it for nearly 4 years. It is an 8-week face to face course that runs for groups, 2 hours each week, and which also provides childcare. There is a strong emphasis on peer support and being able to have honest conversations about the inevitable challenges that come with being a mum - tiredness, perhaps a loss of identity, anxiety, guilt and loneliness. A Mum’s Social Group has been set up for further support for Mum’s after their initial 8-week course.

Achievements - supported 52 individuals through 242 sessions Funders - National Lottery

Mum’s Social Group- supported 44 people through 86 sessions

Dad’s Group

Our Dad’s Group is an offshoot of Mum’s Matter and was developed in partnership with Powys Teaching Health Board, as a research project to focus on the mental health needs of new or prospective fathers (with children up to the age of 4). This has become an active ‘Dad’s Group’, a new and exciting initiative for the Family Support Team. Our Facilitator is a father of two and a Wellbeing Practitioner at Brecon and District Mind. The support he offers is informal and is first and foremost a space to share experiences and tips, learn and get any help or advice needed, via a Facebook group and 1:1 support on Zoom or face to face.

Achievements - supported 14 people through 78 sessions Funders - Powys Teaching Health Board

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Family Support

Mums Matter has been highly successful, leading to the development of a further new service, our ‘Family Support Service’ that provides mental health support for children where there is mental health in the family. This also integrates with Mums Matter in recognition of the impact that post-natal depression can have on the whole family. The 1:1 confidential support by our Family Support Practitioner and our Wellbeing Team varies depending on what help is needed. This may be just to talk and be listened to, gain relevant information, support, be signposted or to be referred to other supporting services for additional help within Brecon and District Mind or to other external services.

Achievements - included with Wellbeing figures

Funders - Powys County Council Supporting People Programme

Green Minds

Green Minds continues to thrive. Most recently our therapeutic gardening project has been working in partnership with Brecon Cathedral during the 'A 1000 Years of Calm' community project, supported by the Heritage Lottery Fund. It's been such a fantastic experience for us and our gardening group members to be involved with the project and grow our garden spaces within the Cathedral grounds. Our garden is now flourishing and open to the public, as is the new heritage trail, featuring 15 items to look out for with QR codes linking you to some of the fascinating history and heritage on our doorstep.

Achievements - supported 43 people through 98 sessions

Funders - Lottery Fund, Brecon Town council, Moondance and Postode Community Lottery

We delivered an 8-week Autumn/Winter project called ‘Making Well’ partnered by the Fathom Trust, and in partnership with Bangor and Cardiff Universities, bringing together local crafts people, social prescribing link workers and volunteers from the local community. The Fathom Trust aims to promote health and healing, especially for people experiencing psychological distress by using traditional craft making, conservation, and contemplation to foster healthy social and cognitive development.

Social Prescribing

In partnership with Red Kite Health Solutions CIC, a collaboration of the four GP surgeries in South Powys we deliver a Social Prescribing project, where referrals from GP surgeries are made directly to our Link Workers. They listen to what matters and respond with relevant support and information from the community and internal services so that people are getting the right support and the right time.

Achievements - supported 181 people through 831 sessions Funders - Mind Cymru and Red Kite Health Solutions CIC

Quotes from Service Users

“I am thankful daily for the work I did with you in our 1-1 meetings and over the phone. Over the past couple of years, I feel like a different person has emerged! A person able to deal with the inevitable difficulties the pandemic has thrown up along with life’s little quirks. I feel a confidence in life that I have not felt previously, in fact I do actually feel now, in the true sense of the word, hope for many healthy years to come. I just had to share these thoughts with you Mary and thank you so much for helping me find myself” Counselling Client

“"I love being by the water, I find it really therapeutic and it relaxes me." Green Minds Participant

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People we have supported through 2021/2022- the picture in numbers:

Total People Supported across all Activities and Services.

Number of group sessions delivered:

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Our Staff

We play to our strengths and have a wonderful and committed staff and growing team of volunteers, and in partnership with others, have created tailored services that accommodate the unique characteristics and needs of our local communities.

Our staff have done a fantastic job meeting our increased activity during and after COVID and especially when work routines have changed from office based to online support and back to office base. Brecon & District Mind kept most of its services running throughout this period.

We continue to monitor our resources and the capacity risk identified earlier of being able to live up to our purpose “Here when you need us to help you manage your mental health and wellbeing”, if demand trends continue at this level

Mental Health Education & Promotion

During COVID, although we were unable to organize public face-to face events, we still continued to raise awareness of mental health issues through Social Media presence.

Social Media:

The Trustees are aware of how important social media is in advertising our services to those who might need them. There are regular posts to social media containing news, tips and features for those who might be experiencing Mental Health issues. Data on these posts are tracked and reported on at Trustee Board meetings.

Our current statistics are: Facebook followers - 1,200 Twitter followers - 506 Instagram - 262

Ty Croeso Community Wellbeing Centre has a very calm, relaxed and welcoming atmosphere that is conducive to people’s wellbeing. People can access 1-1 support and counselling, ask for information or advice.

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Financial review

During another year of change and increased activities, the financial performance of Brecon and District Mind remains strong but delivered an overall surplus of £50,986

The trustees have continued with the plan to build up reserves and at 31st March 2022, these stood at a total of £402,006. The budget for 2021-22 show a further increase in spend and the trustees will continue to review the policy to ensure that reserves are in place to sustain our activities.

Two trustees are required to sign cheques and to authorise card payments. Senior members of staff give notice before undertaking activities which could involve payment of expenses.

The underlying strength of the finances at Brecon and District Mind has been achieved by keeping a close eye on the overhead expenses such as management salaries and accommodation. Management accounts are produced for each project to better understand the contribution each project makes to the core overhead costs of the organisation.

This year we had a review of our Finance procedures and systems and introduced new software to manage our financial information and reporting.

Policy on reserves

The trustees reviewed the reserves policy and the policy reflects the current climate of economic uncertainty and the very real prospect of further reduction in core funding and future competitive tendering for the services we currently provide. This reserves policy was multi layered and staged.

The long-term goal is to progress through various stages of the policy in order to plan for future financial stability. The objective of the Trustees is to build a level of free reserves equal to the averaged fixed commitments for the ensuing 9 months, amounting to approximately £397,300, which would provide the foundations for the future financial stability of the organisation.

The level of free reserves at 31 March 2022 amounted to £128,319, being approximately 3 months expenditure.

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Plans for future periods

Aims and key objectives for future periods

Brecon and District Mind has become a significant organisation for supporting mental health in the local community and provides a wide range of services, learning opportunities, activities and support in an area of ever-increasing demand. The level of demand continues to rise significantly through the pandemic as people struggle with anxiety, depression, isolation and issues around bereavement and relationship breakdown.

It is, therefore, necessary to ensure we continue to provide services that are meeting the changing needs of the local community. This is even more evident following the pandemic as people experience huge restrictions on their daily lives and their freedom. Many people will have experienced mental health issues for the first time during this period.

Trustees will be recruiting for two senior positions: CEO & Manager for Children & Young People.

We will develop a refreshed fundraising strategy to ensure we have the resources to deliver our current services and also look to develop further opportunities to contribute to Mental Health & Wellbeing of people in our communities. There continues to be uncertainty regarding funding from Powys Teaching Health Board and Powys County Council. Developments to further integrate Health & Social care teams are ongoing, so this will change the face of commissioning and how services are commissioned and provided. At the present time funding for our services has been rolled over for another year.

Our current services such as counselling continues to experience high levels of demand and it is important we secure future funding to meet these demands. We will also focus more on the needs of families, children and young people and find partners to help us achieve these aims.

To this end we have identified some core aims that are central to the future of the service:

• Following the pandemic, regrouping the teams and organisation, reaching out to our service users, partners and community to refresh our plans, focusing on wellbeing and what matters.

Structure, governance and management

Nature of governing document

The charity is a Company Limited by Guarantee and so reports annually to both The Charity Commission and Companies House. We are governed by the organisation’s Memorandum and Articles and as an affiliated member of the national charity Mind we are required to operate within and are assessed against the Mind Quality Standards.

Our Memorandum and Articles of Association were reviewed and updated in November 2021.

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Recruitment and appointment of trustees

We aim for an annual intake of Trustees as appropriate depending on annual retirement by rotation and skills needed. Our recruitment and selection process are aimed at attracting people who share our values of “ Openness, Caring, Honesty, Commitment and Empathy ”. We endeavour to represent the community and age range we serve and typically recruit through adverts posted on social media and at all local volunteer websites/noticeboards.

Trustees are appointed through an application and selection process. Potential Trustees attend at least two Board meetings as observers in order for both parties to explore the suitability of the opportunity.

New Trustees are given an Induction Pack and training, funded by the organisation as appropriate to their needs. Courses are available through Mind or PAVO (Powys Association of Voluntary Organisations). The initial year is generally one of induction which may be after appointment and a period of attending board meetings.

We believe the optimum number of Trustees is nine. For the latter part of 2021/22 we had five Trustees.

. Trustees may be elected at the AGM or appointed in which case they must stand for re-election at the next AGM.

.

This year we have appointed our Treasurer Crad Lowe, whose knowledge and expertise has led the review of finance systems. Sally Bates took on the role as Chair this year. Shaun O’Boyle is the Vice Chair and towards the end of the year, Acting Chair.

Organisational structure

The governing body is a Board of Trustees/Directors (referred to within this report as Trustees) to whom the CEO, Valerie Walker, is answerable. The Trustees provide the CEO with strategic and policy support.

The Chair of Trustees has regular formal supervision meetings with the CEO to review any issues relating to personal development and training, identify stress factors, explore areas where support is needed and to show encouragement, value and reassurance.

The CEO is responsible for running the service for people experiencing mental health issues in the largely rural area of South Powys.

The main centre, Ty Croeso, is in Brecon, with a project centre at Ty Pen y Fan on the Ffrwdgrech Industrial Estate and outreach facilities in Talgarth, Hay-on-Wye and Crickhowell.

The CEO manages the day-to-day running of the organisation through a Senior Management Team consisting of three managers; the Community Wellbeing Manager, the Children and Young Persons & Family Services Manager and the Finance and Administration Manager. Currently there is a staff team of 29 to deliver or support our services.

As the organisation develops the CEO continually reviews the roles of all staff and builds on the infrastructure needed to underpin the activities required by our service users.

The Board of Trustees meet monthly to review the activities and affairs of the organisation and oversee the strategic and general management. Decisions are made through discussion and consensus.

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Relationships with related parties

National Mind and Mind Cymru

We are a business partner with National Mind and, as such, we have access to support, advice and information from them. We have a Network Relations Need Manager whose support has proved very beneficial to us over the year. We have ready access to National Mind’s Knowledge Base and may use their publications and material in our own campaigns.

This partnership allows us to run licensed services that they sponsor, such as the Mums Matter peri-natal service and Active Monitoring.

We take part in One Mind in Wales meetings where we are able to link our Local insights into the Welsh & UK framework. Our participation enables us to receive intelligence and advice on what is happening and what developments are being planned nationally. Our insights and data can be shared in this forum. Other Organisations

We continue to work with a range of other local organisations that enable us to provide the best service for our service users.

Powys Association of Voluntary Organisations (PAVO), The Mental Health Provider Network, Powys County Council, Powys Health Board, Community Connectors and Localities; GP Cluster, Red Kite CIC, Local Primary Care, The Community Mental Health Teams (CMHT) Child & Adolescent Mental Health Services (CAMHS), Calan DVS, Kaleidoscope, Pobl, Brecon Advice Centre, Brecon Town Council The Job Centre, The Brecon Beacons National Park and Wildlife Trusts, Brecon Cathedral,

Minds in Powys this is a partnership agreement with Mid and North Powys Mind & Ystradgynlais Mind. This enables us to develop cross Powys services, make collaborate funding bids and seek Powys wide opportunities.

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Major risks and management of those risks

The Trustees have a process in place for identifying Risks to the organisation. The Risk Register logs the risks to the organisation that need to be monitored. A traffic light system is in place to indicate the severity of the risk with red being the severest. The Risk Register is a Board Meeting Agenda item and is reviewed every month.

Our Risk Management Principles are:

  1. We will share our actions and plans

  2. We will talk about and highlight our worries and concerns

  3. Managing risk is everybody’s responsibility

  4. We will have a clear pathway from reporting to action

  5. Each risk will have the right owner

  6. We will effectively monitor the pathways of action at the right time

  7. We will focus our energy on the high impact / high probability risks

  8. It’s OK to learn from our mistakes and adapt

  9. We will support positive risk taking for the benefit of our members (finding ways to say yes!)

Currently the perceived Top Risks are:

  1. Withdrawal of funding

  2. Reputation (e.g. poor service, project longevity)

  3. The lack of or the retention of the right staff

  4. Capacity impacts (e.g. Covid)

  5. Relationship with National Mind

  6. A lack of members / service users / referrals / customers

  7. People not understanding our Purpose or having clarity of our role(s)

  8. Right attitudes / opinions are not expressed in line with our values and principles

  9. Safeguarding

  10. Legal responsibilities / making an impact

  11. What we offer is not what our members / service users want!

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Reference and Administrative Details
Trustees: S Bates
D Canning
C Lowe
S O'Boyle
R Coleman
Secretary: S O'Boyle
Principal Office: Tŷ Croeso
St David's House
48 Free Street
Brecon
Powys
LD3 7BN
Company Registration Number: 07814000
Charity Registration Number: 1145211
Bankers: Lloyds Bank
Scottish Widows
Monmouthshire Building Society
Independent Examiner: Mitchell Meredith Limited
Chartered Accountants
St David’s House
48 Free Street
Brecon
Powys
LD3 7BN

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Financial instruments

Objectives and policies

The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk.

Credit risk

The charity’s principal financial assets are bank balances and cash, trade and other receivables.

The charity’s credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.

The credit risk on liquid funds is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.

The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers.

Liquidity risk

In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term deposits.

Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.

Administration

External Certification:

We continue to strive for organisational excellence by adhering to standards such as

Management Systems

This year we have reviewed and invested further into the systems that strengthen the services & support we offer.

We have implemented XERO financial software which has helped to increase efficiency of the budgeting process and financial reporting.

We have also implemented a new HR system, Breathe which has enabled the HR function to be more streamlined.

We have also made changes to our contact management database, Lamplight, to give us statistical information about our services.

All these improvements have enabled the Trustees and Management to make data driven decisions. All our databases that contain personal and sensitive information to comply with Data Protection law.

Brecon and District Mind are members of the Health Assured Employee Assistance Programme which offers independent workplace support for staff.

Mitchell Meredith continues to support with payroll, accounting and pension auto-enrolment.

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Statement of Trustees Responsibilities

The trustees (who are also the directors of Brecon And District Mind for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

The annual report was approved by the trustees of the charity on 28 October 2022 and signed on its behalf by:

S O'Boyle Company Secretary and Trustee

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Independent Examiner's Report to the trustees of Brecon And District Mind ("the Company")

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2022.

Responsibilities and basis of report

As the charity’s trustees of Brecon And District Mind (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 Brecon And District Mind 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

Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Mitchell Meredith Limited, which is one of the listed bodies.

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 Brecon And District Mind 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.

M L Barnes FCCA ACA Chartered Accountants Mitchell Meredith Limited

St David’s House 48 Free Street Brecon Powys LD3 7BN

Date: 28 October 2022

Page 18

Brecon And District Mind

Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)

Note Unrestricted

Restricted

Total
2022
Total
2021
£
£
£
£
Income and Endowments from:
Donations and legacies
3
53,283
4,291
57,574
65,203
Charitable activities
5
144,776
378,332
523,108
473,932
Investment income
6
37
-
37
405
Total Income 198,096
382,623
580,719
539,540
Expenditure on:
Raising funds
7
(1,240)
-
(1,240)
(975)
Charitable activities
8
(230,941)
(297,552)
(528,493)
(398,218)
Total Expenditure (232,181)
(297,552)
(529,733)
(399,193)
Net(expenditure)/income (34,085)
85,071
50,986
140,347
Net movement in funds (34,085)
85,071
50,986
140,347
Reconciliation of funds
Total funds brought forward 171,739
179,281
351,020
210,673
Total funds carried forward
19
137,654
264,352
402,006
351,020

The statement of financial activities includes all gains and losses recognised in the year. All of the charity's activities derive from continuing operations during the above two periods.

The notes on pages 21 to 34 form an integral part of these financial statements.

Page 19

Brecon And District Mind

(Registration number: 07814000) Balance Sheet as at 31 March 2022

Note 2022
2021
£
£
Fixed assets
Tangible assets
15
18,817
19,181
Current assets
Debtors
16
35,033
13,772
Cash at bank and in hand
371,842
335,290
406,875
349,062
Creditors: Amounts falling due within oneyear
17
(23,686)
(17,223)
Net currentassets 383,189
331,839
Netassets 402,006
351,020
Funds of the charity:
Restricted 264,352
179,281
Unrestricted income funds
Unrestricted
137,654
171,739
Total funds
19
402,006
351,020

For the financial year ending 31 March 2022 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 19 to 34 were approved by the trustees, and authorised for issue on 28 October 2022 and signed on their behalf by:

S O'Boyle Company Secretary and Trustee

The notes on pages 21 to 34 form an integral part of these financial statements.

Page 20

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

1 Charity status

The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

The charity is incorporated in England and Wales.

The address of its registered office is:

Tŷ Croeso St David's House 48 Free Street Brecon Powys LD3 7BN

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Brecon And District Mind meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Exemption from preparing a cash flow statement

The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.

Page 21

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Income and endowments

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

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Gift aid

Incoming resources from tax reclaims are included in the Statement of Financial Activities at the same time as the gift to which they relate.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Page 22

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off
residual value, over their expected useful economic life as follows:
the cost or valuation, less any estimated
Asset class Depreciation method and rate
Short Leasehold Property Improvements over the term of the lease
Fixtures Fittings and equipment 20% reducing balance
Motor Vehicles 20% reducing balance

Trade debtors

Trade debtors are amounts due for services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Page 23

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Hire purchase and finance leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Rentals payable under operating leases are charged in the Statement of Financial Activities on a straight line basis over the lease term.

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme. Contributions are charged in the statement of financial activities as they become payable in accordance with the rules of the scheme.

3 Income from donations and legacies

Unrestricted
funds
Restricted

Total
2022
Total
2021
£
£
£
£
Donations
18,598
3,953
22,551
23,978
Membership fees
-
338
338
144
Fundraising activities
1,015
-
1,015
1,650
Grants receivable(note 4)
33,670
-
33,670
39,431
53,283
4,291
57,574
65,203

Page 24

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

4
Grants Receivable
4
Grants Receivable
Unrestricted Restricted Total Funds
Total Funds
Funds Funds 2022
2021
£ £ £
£
Morel Trust - 1,000 1,000
1,000
Powys Local Health Board 142,531 23,405 165,936
147,614
Powys CC 2,245 93,543 95,788
74,822
Pavo - 4,286 4,286
8,620
Lloyds Foundation 33,670 33,670
39,431
CFIW Powys Church Act - - -
29,882
Mind Cymru - 110,319 110,319
75,753
Mid Powys Mind 9,206 9,206
2,893
Edward Gostling Trust - - -
5,000
BBNP - - -
5,000
Heritage Lottery - - -
2,600
Brecknock Art Trust - -
2,000
Audrey Tyler Trust - - -
5,000
Garfield Weston - - -
7,500
National Lottery - 62,252 62,252
106,248
Moondance Foundation - 40,000 40,000
-
Postcode Community Lottery - 17,641 17,641
-
Redkite Health Solutions - 12,213 12,213
-
Val Walker - 467 467
-
Brecon Town Council - 4,000 4,000
-
178,446 378,332 556,778
513,363
5
Income from charitable activities
Unrestricted
funds
Restricted
Total
Total
2022
2021
£
£
£
£
Grants receivable see note 4
144,776
378,332
523,108
473,932

Page 25

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

6 Investment income

Unrestricted
Total
Total
funds
2022
2021
£
£
£
Interest receivable and similar income;
Interest receivable on bank deposits
37
37
405

7 Expenditure on raising funds

Note Unrestricted
Total
Total
funds
2022
2021
£
£
£
Fundraising activities
1,240
1,240
975

8 Expenditure on charitable activities

Note Unrestricted
funds
Restricted

Total
2022
Total
2021
£
£
£
£
Direct costs
2,160
32,616
34,776
14,085
Staff costs
187,839
223,955
411,794
299,278
Allocated support
costs
9
34,009
40,288
74,297
77,270
Governance costs
9
6,933
693
7,626
7,585
230,941
297,552
528,493
398,218

Page 26

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

9 Analysis of governance and support costs

9 Analysis of governance and support costs
Governance costs
Unrestricted
funds
£
Restricted
£
Total
2022
£
Total
2021
£
Independent examiner fees 2,331
693
3,024
2,964
Staff costs 4,200
-
4,200
4,200
Allocated support costs 402
-
402
421
6,933
693
7,626
7,585

Analysis of support costs

Charitable
Activity
Governance
Total
Total
2022
2021
£
£
£
£
Establishment costs 35,233
-
35,233
35,665
Office expenses 16,748
-
16,748
16,085
Printing postage and stationery 4,804
-
4,804
4,502
Repairs 4,150
4,150
5,564
Sundry costs 1,772
-
1,772
1,305
Subscriptions 215
-
215
712
Travel costs 2,788
-
2,788
1,515
Advertising 2,588
-
2,588
683
Consultancy costs 1,765
-
1,765
6,959
Bank charges -
402
402
421
Legal Fees -
-
-
2,000
Depreciation 4,234
-
4,234
3,255
74,297
402
74,699
78,666

Page 27

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

10 Net incoming/outgoing resources

Net incoming resources for the year include:

Net incoming resources for the year include:
2022
2021
£
£
Depreciation of fixed assets
4,234
3,255

11 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any other benefits from the charity during the year.

12 Staff costs

The aggregate payroll costs were as follows:

The aggregate payroll costs were as follows:
2022
2021
£
£
Staff costs during the year were:
Wages and salaries
384,185
275,967
Social security costs
21,505
12,225
Pension costs
8,674
11,432
Staff training
1,630
3,854
415,994
303,478

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

The monthly average number of persons (including senior management
the year expressed as full time equivalents was as follows:
team) employed by the charity during
2022
2021
No
No
Employees
27
24

No employee received emoluments of more than £60,000 during the year.

The total employee benefits of the key management personnel of the charity were £113,850 (2021 - £97,209).

Page 28

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

13 Independent examiner's remuneration

13
Independent examiner's remuneration
2022
2021
£
£
Examination of the financial statements
3,024
2,964

14 Taxation

The charity is a registered charity and is therefore exempt from taxation.

15 Tangible fixed assets

15
Tangible fixed assets
Leasehold
property
improvements
Furniture and
equipment

Motor vehicles
£
Total
£

£
£

Cost
At 1 April 2021
13,000
20,956
9,495
43,451
Additions
-
3,870
-
3,870
At 31 March 2022
13,000
24,826
9,495
47,321
Depreciation
At 1 April 2021
13,000
7,852
3,418
24,270
Charge for the year
-
3,018
1,216
4,234
At 31 March 2022
13,000
10,870
4,634
28,504
Net book value
At 31 March 2022
-
13,956
4,861
18,817
At 31 March 2021
-
13,104
6,077
19,181

Page 29

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

16 Debtors

16
Debtors
2022
2021
£
£
Trade debtors
34,218
13,333
Prepayments
815
439
35,033
13,772

17 Creditors: amounts falling due within one year

17
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
8,387
5,305
Other taxation and social security
7,560
4,673
Other creditors
140
1,100
Accruals
7,599
6,145
23,686
17,223

18 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to £8,674 (2021 - £11,432).

Page 30

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

19
Funds
Balance at 1
Incoming
Resources
Balance at 31
April 2021
resources
expended
March 2022

£
£

£
£
Unrestricted funds
General
Unrestricted Income
171,739
198,096
(232,181)
137,654
Restricted funds
Friends of Brecon and District
2,462
338
(99)
2,701
Mind
Art Project
12,161
1,000
(989)
12,172
Volunteering
-
2,319
(2,319)
-
Powys CC - Supporting People
-
63,826
(52,216)
11,610
Mums Matter
44,212
56,124
(39,528)
60,808
Dr Sowerby Vehicle
14,743
200
(1,425)
13,518
Active Monitoring
13,016
75,700
(43,152)
45,564
Social Prescribing
-
35,082
(26,568)
8,514
Dad's Research
13,191
-
(8,954)
4,237
My Generation
13,411
-
(115)
13,296
Green Minds
25,472
32,652
(18,343)
39,781
Children and Young People fund
3,219
58,267
(29,788)
31,698
Digital Work
11,165
1,200
(11,701)
664
Crisis Prevention
8,122
37,532
(44,881)
773
Counselling
18,107
15,277
(23,574)
9,810
Bereavement Support
-
9,206
-
9,206
Total restricted funds
179,281
388,723
(303,652)
264,352
Total funds
351,020
586,819
(535,833)
402,006

Page 31

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

Balance at 1
April 2020
Incoming
resources
Resources
expended
Transfers

Balance at 31
March 2021

£
£

£
£
£
Unrestricted funds
General
Unrestricted Income
114,582
278,553
(231,847)
10,451
171,739
Restricted
Friends of Brecon and District

2,326
136
-
-
2,462
Mind
Art Project
9,278
3,000
(117)
-
12,161
Peoples Health Trust
122
-
(122)
-
-
Mums Matter
18,461
63,368
(37,617)
-
44,212
Dr Sowerby Vehicle
16,988
-
(2,245)
-
14,743
Active Monitoring
-
42,105
(29,089)
-
13,016
Social Prescribing
-
26,736
(26,736)
-
-
Dad's Research
7,878
11,000
(5,687)
-
13,191
My Generation
13,241
1,035
(865)
-
13,411
Green Minds
7,357
33,578
(15,463)
-
25,472
Blended CBT
10,451
-
-
(10,451)
-
PAVO
-
300
(300)
-
-
Children and Young People
9,989
7,970
(14,740)
-
3,219

fund
Digital Work
-
20,382
(9,217)
-
11,165
Crisis Prevention
-
15,000
(6,878)
-
8,122
Counselling
-
36,377
(18,270)
-
18,107
Total restricted funds
96,091
260,987
(167,346)
(10,451)
179,281
Total funds
210,673
539,540
(399,193)
-
351,020

Page 32

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

The specific purposes for which the funds are to be applied are as follows:

The Premises fund relates to money received from Tudor Trust and Church in Wales. These are restricted monies received for Ty Croeso and Ty Penyfan.

The Friends of Brecon and District Mind relates to money raised and spent by the Friends for the benefit of the organisation. These funds can only be utilised as approved by the committee of The Friends of Brecon and District Mind.

The Arts project comprises funds received from the Creative Therapies to fund the operation of the arts project.

People's Health Trust grant contributes towards the costs of the stepping stones project.

Mind Mums Matter represents funding from Comic Relief via National Mind towards a 2 year peri-natal service.

Dr Sowerby represents funding received to purchase a vehicle to be used for various projects within Brecon and District Mind.

Active Monitoring represents funding from WCVA, Santander, Awards for All and Next Steps towards training, salaries, transport, volunteer expenses and overheads.

Social Prescribing represents funding from Welsh Government via Mind Cymru for a mental health specific social prescribing research project.

Dad's Research represents funding from Powys Local Health Board towards a peri-natal service.

My Generation represents funding from Mind, Community Foundation Wales and Percy Davies Institution to run a programme for people aged over 50, to reduce social isolation.

Green Minds represents funding from Powys Association of Voluntary Organisations - The Social Value Fund, Princes Trust and Mind for an eco therapy project.

Children and Young People represents funding from Community Foundation in Wales for the development of a children's and young peoples mental health service.

PAVO represents funding towards bereavement training for the staff.

Crisis Prevention represents funding from Powys County Council to assist with funding the Twilight Service offered.

Digital Work represents funding from Community Foundation Wales to assist with digital support throughout the COVID pandemic.

Counselling represents funding from the National Lottery to support with the COVID response therapy.

Bereavement Support represents funding from Mid and North Powys Mind towards a support group for those who have been bereaved or impacted by suicide loss.

Page 33

Brecon And District Mind

Notes to the Financial Statements for the Year Ended 31 March 2022

20
Analysis of net assets between funds
Unrestricted
General

Restricted

Total funds at 31
March 2022
£
£

£
Tangible fixed assets
9,335
9,482
18,817
Current assets
152,005
254,870
406,875
Current liabilities
(23,686)
-
(23,686)
Total net assets
137,654
264,352
402,006

Page 34