Charity registration number 1145211
Company registration number 07814000 (England and Wales)
BRECON AND DISTRICT MIND
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
BRECON AND DISTRICT MIND CONTENTS Page Trustees. report Independent examlnels report 10 Statement of financial a¢livities 11 8alanc8 sh88t 12 Noles to th8 financial statements 13-26
BRECON AND DISTRICT MIND TRUSTEES REPORT ONCLUDING DIRECTORS? REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The tNstees. who are directors for the purpose5 of company law, present the annual report 108ether with the finattcial ststements of the charitable company for the year ended 31 March 2024. ObJectlveB and aetivities Objects and aims The charity's objects as laid down in the Mernorandum and Articles are $peeifically rc5tricted to the following: a) To promoie the preservation of good mental health ITr particular by enablinB and empowering everyone exp1¢n¢tng mentsl he81th problem5 to live with, mgna8e and recover from their condition. b) To relieve the needs of people with mentsl health problems by working lo increase ihe understsnding of mental health and Tnentsl health problems by gathering and disseminating infortnation and working to raise awar¢ness. promote understanding and ch8ll¢n8c sli8ma and discrimination. Th¢ organisaiion seek$ lo promote th¢$e objectives through our purpose.. "Here when you need us to thelp you mana8e your mentsl health and wellbeing" A ran8e of scrvi¢cs and opportunities Ihal support people with mild lo mod¢rale menthl health problems or emotional distress to receive support including pe¢r support And confteclions. infomiation and signposiing. work$hop$ and training and lisl¢ning-b&8¢d services. Supporting and enabling seTVi¢¢ users to recognise and build on theiT $trengihs. idcntify their p¢rsonali$ed goals 'whal matters. 10 them and provid¢ support and guidance as needed lo fd ways to work lowgrds them. Encouraging people with an interest in menthl health, including people with lived experience and their familie5. contribute to the planning, development, delivery alld monitoring of Brecon and District Mind's activilies and local and nalional mental healtb $¢rvi¢es. • Li4isin8 and working in partncrsbip with other or8anisation5 and t¢am5 withiD and outsid¢ th¢ area of mental health. Developing and strengthening links within the local community, listening to identify local needs & opportunities and make plans together so that p¢opl¢ livmg & working in the area live well. • Workin8 ¢ff¢ctiv¢ly os part of the Mind nclwork maintaining the Mind Quality Mark in our service delivery wilh A positive approach to maintsining and developing relationships wilh other local Minds. Obj¢¢¢ives, strategies 4ndactivifye$ Objetiiveg for 2023-24 At the start of the financial yeur. Brecon & Di5tricl Mind were undergoing significallt structural changes due to a reduction in available fun(ts. The objectives set by the Trustees this year were to cornplete the resttu¢tur¢ and ensure stability of remainin8 serviees. Fundralsing dlFclosures Fundraising r¢main5 a priority and w¢ are workin8 with a Fundraising Consultant to make granl appli¢ations, particularly for our su¢¢essful projects and services lo b¢ able to ntInue. We realise that we need to continu¢ to div¢rsify our fundin8 streams lo be SU5t3inabl¢ in the future.
BRECON AND DISTRICT MIND TRUSTEES REPORT ONCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Public beneJ7t Trnstees are aware of the public benefii 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 aclivilies. as described above, focus on our key aims of the prevention and relief of menthl di5tr¢5S 8nd illness and increasing opportuDili¢$ to raise 4war¢n¢ss and offer support to individuals within the community. The trustees eonfirni that Ibey have complied wiib the requirem¢nts of section 4 of the Charities Act 2011 to have due regard lo th¢ public benefit guidance published by the Charity Commission for England and Wales. Use of volunteers Volunleer feedback has contributed to a succes$ful funding bid to WCVA'5 Volunteering in Wales funding to deliver a 'Valuing Volunl¢¢rs' proj¢¢t that will in¥rove volunteerin8 experience al Brecon & District Mind. In early 2023, we welcomed Counselling and Psychotherapy trainees to be able to complete their therapeutic practice hours and increased our counselling service capacity. Achlevetnents and performance This year ihe or8anisaiion has focused on stability and improvements to meel the Mind Quality Mark. Key Aciivilies Our records indicate tbat w¢ supported 925 people across 5353 individual aclivity sessions and 7665 attendances al those sessions. Compared to last year, Ihese numbers are a decrease. This was expected due to the end of the funding for the Social Prescribing Project, which accounted for the majority of GP referrals. and the Active Monitoring ProJe¢t with Mind Cymru. The vast majority of our enquirics and r¢feTrdls are 5elf-referrdts. Aeiivities Str*tegic development and lived experience engAgem¢nt. Workshops were held with Truslees, Staff. Volunteers, Members and S¢rvi¢e Users to influence the direetion and priorities of tbe cbarity to feed into a 2024-27 strAie8lt plAn. Forum meetin8S With service users were held by the CEO lo shar¢ inforni&lion and r¢c¢ive feedback. Servlcei #nd Support Throughout the year we have continued to deliver a range of support servi¢¢s and opportunities 85 well as introduce services in partnership with other organisations. Drop in infomalion and peer support at our Community Wellbeing Centre in Brecon town centre, continutn8 to open 5 days w¢ek from 14pm, including poetry. art and wellbeing groups. Individual person-¢entred support helping people with 'what m&tters' 10 them. Counselling services. This year we hosted student ¢ounsellors Jnd psychotherapist placements lo complete their qualifications and provide mor¢ ¢ounselling. IOOts/• of eounselling clienls. Outcomes showed an improvement in thetr w¢llb¢in8. Green Minds natur¢ wellbeing gaTden al Brecon Cathedral & allotment groups, 6 week course5 and work5hop$ for w¢llbeing in outdoor spaces. Weekly outreach 5UPPOrt groups in Hay on Wye & Talgarth and weekly swim and walk group in Bronllys in partn¢rshtp with the Community Mental Health Team based at Ty Illtyd. Supported Self Help (fomierly known as Activ¢ MoDltoriD8) a 6 week guid pro8ramme 8s part of Mind Cymru's project across Wales. Pottery se55ions at Peak in Crickhowell Mums Malt¢r ¢our$es and Mum5 social group & creche. This year w¢ Secured fvnding from the National Lottery Community fund lo support the project for a further 18 months.
BRECON AND DISTRICT MIND TRUSTEES REPORT UNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 P¢er support group foT people bereaved by suicide and bercav¢m¢nt counselling in partnershlp with Minds in Powys. W¢ also worked with Powys teaching Health Board's Postvention team a$ part of a county wid¢ project. The Sanctuary service reduced lo ielephone-only support in January however included 5UPPOrt on Saturdays 50 that support from Brecon & District Mind was available 7 days a week unlil th¢ end of September 2024 as the new Wales-wide I I l oplion 2 service was18unched. Joined with Minds in Powys (Mid & North Powys Mind and Mind Y$tTadgynalais) lo deliver th¢ new Powys In Work Support Service, offering individual wellbeing support, Supported Self Help and Counselling. Joined a consortium with Ponthafren and Mid & North Powy$ Mind to deliver Blended CBT {Cognitiv¢ Behavioural Thernpy) support alongside the online Silvercloud sysiem on b¢half of Powys teaching Health Board. Annual Survey results 900/• of people scored their experience ?$ 8110 or higher {60•/o scored 10110) 81•/0 of people ld 'Very Likely. or 'tkfinit¢ly' lo recommending Brccon & District Mind 21 people said they would like lo get more involved with Brecon and District Mind me fim rovemen * better communication _ cancelled appointments * better adv¢rti$emenl more talks iniernal communication al wedow 'Timc to listen and offer advic¢ The Mum$ Mailer Course Brought me out of a very dark place. helped me learn how to ¢op¢' 'Always there to help The Mums social group is so lovelyp Staff are amazing make you feel welcome and so approachabl¢' 'Really good counselling. Been very reliable and punc41 with very nic¢ telephone manoer, Good advertising lo notify people of the seThices available l Make Access easier. Self referral maybe, instant support, talking io ihe same person l Offer ¢learer communi¢8tion. I oft¢n didn'l know what wa5 80in8 on What would you like lo see on offer A¢upuncuture I Support for Dad's l Group therapy l More social events l More mindful activitie$ / I don't feel it ne¢d5 to offer more than il doe5 1 Check ins every 1-2 months to monitor and Temind people l Eco theT4Py that aren't during workin8 bours I Appointments in Hay l Nothing different Commenrs I was apprehensive but talking with someone really helped me when I was at my lowest. I know that I could ¢onts¢t them if I needed to. Mind and ¢veryon¢ involved in my recovery have liierally saved my life , Ihc medical approach wasn't whJt I needed , it was very black and while . Mind offers a holistic approach , I have had 2 great counsellors , wellbeing and rang sanctuary service on numerous occasions as w¢ll as attending groups . 15till have a long way to go but I have hope llow Amazin8 peopl¢ WOTking and giving support but l think more r¢sourc¢s needed and more flexible limes for appointment, out of work hours appointments a5 it tnakes it dIl¢U11 to luve work for an appointment plus you then have to tell your boss elc Business Continuity From December to March, a number key personttel were &bsertt artd Busine&s Continuity Plan was followed to ensure that the most vital commiimenls were rnade.
BRECON AND DISTRICT MIND TRUSTEES REPORT UNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Flnanclal review As this year's accounts show. th¢ ¢05ts of the organisation exceeded our income. DuTing the year Ihe financial syslcms and processes were reviewed and Trusiees en8agcd charity finance experts Beyond Profii's servieeg. Policy reserves The ttwsle¢s minimum amount of re$erve$ l¢v¢ls is s¢t at £100.¢XIO. The objective of the Trustees is to build a level of free reserve$ equal to the averaged fixed Commitmenls for ihe ensuing 9 months. amounlin8 to approximately £300,000 which would provide the (oundations for the future fllwAcial stability of the organisation. The level of free reseryes at 31 March 2024 amounted to £74,973. Plans for future ptrlods Aims amd key obj¢ctivesforfuthre pÉrlods Priorities for the next year will be Compleiing improvements to support the 0ry4nisation achievin8 th¢ Mind Quality Mark including 8overnan¢e. leadership and digital skills and ¢yber security. Improv¢ments lo commurtiC8tions, including new website and e-newsletter. Including more people in our or8anizalion that share the same values and purpose, including lived experience involvement, community fundraising And improving ihe ¢xp¢rien¢e of volunteers. Delivering a new project in partnership with BrOn High School providing workshops and activitl¢S that promote m¢ntal wellbeing. Launclyin8 4 3 year strale8i¢ plm that will hclp us n8vi8al¢ the ¢urr¢DI clitnJt¢ and in¢re&sin8 local o¢eds. Structure. govern•n¢e Ind management N4lure olgov¢rnlng doeNmenl The charity is a Company Limited by Guarantee and so reports annually to both The Charity Cornmi$$ion and Companies House. We are governed by the or8anis8lion's M¢morandum and Articles T4nd as on affiliated member of the nAtional ¢hArity Mind we a required to opcrate within and are assessed &8ainst th¢ Mind Quality SiaDdards. Our Memorandum and Articles of Association were reviewed and updated in November 2021. Recrulimenl 4Ad appointment oltrusiees We aim for an annual intake of Trusiees as appropriate depending on annual relir¢ment by rotation and skills need¢d. Our recruitmeai and sclection process are aimed at attraclitig peoplc who share our values of "Openness, Caring, Honestyp Commitment and Empathy" We endeavour to represeni the Community and age range we serve and typically recruit through adverts posted on social media and at all local volunteer websiteslnoticeboards. 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 suilAbility of the opportunity. New Trustees are given an tnduction Pack and training. funded by th¢ organisation as appropriate to their needs. Courses are availmble through Mind or PAVO (Powys Association of Voluntary Organisations). The initial year is generally one of induction which may be after appoiDttnent and a period of attending board meetings. Trustees may be elected ai the AGM or appoint in which ¢ase they must stand for re*l¢clion ai the next AGM.
BRECON AND DISTRICT MIND TRUSTEES REPORT UNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Organisationalstructhre The governing body is a Board of Trust¢¢51Dir¢ctors (r¢f¢rr¢d to within this report as TTUSt¢¢s) to whom the CEO rcports to. The Trustees provide the CEO with strategic and policy support. 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 diseussion and consensus. The Co-chairs of Truslees hav¢ regular fornial supervision me¢tings with the CEO lo r¢vi¢w any issues relatin8 lo pcrson•l development trnining, id¢ntify Str¢$$ fd¢lor$, ¢xplor¢ ar¢a$ wherc support is needed and lo show encouragement, value And reassurance. A new committee was developed this year including Co4hairs, TreAsur¢r. CEO and Operations Manager to provide ongoTn8 oversight and support throughout the challenging period of Chge and development. Relirfonshlps wllh relat¢d pArtles N*tlonql MIDd and MIDd Cymru We are a network parther with National Mind and, as such, we have 4¢¢e¥s to support, Advice and inforniation from them and Contribulc our local insights lo national networks. We have a Network Relations txad whose support has proved very beneficial io us over the ye8r. We take part in One Mind in Wales meetin8$ where we are able to link our local insights into the Welsh & UK framework, Our participation enables us to r¢ceive intelligence and 8dvic¢ on wbat is happening and what d¢v¢lopmentg are being planned nationally. Our insi8his and dara can be shared in this forum. We have a memorandum of understanding with Mid & North Powys Mind and Mind Y$tradgynal8is as 'MiDd5 ID Powys. lo enable us to partner regionally and meet the needs of the whol¢ County. Otber OrgoDlsodon¥ We continue lo work with a range of other Ioc81 organisalions that enable us to provide the best service for our service users. Powys Association of Voluntary Organigations (PAVO), including Community Connectors The Mental Health Provider Network, Powy teaching Health Board, including Local Mental Health, CMHT The Community Mentsl Health Teams and Child & Adolescent Mental H¢alih Services CAMHS Powys County Council, including the Housing Support Team, Social. Br¢con Beacons Nalional Park Authority Brecon Caihedrlll
BRECON AND DISTRICT MIND TRUSTEES REPORT UNCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Major risks and monagemenl of tho$e pisks The Trustees have a process in place for identifying Risks to the or8anisation. The Risk Register logs the risks to the organ isation Ihat need to be moniiored. A traffic Ilght syslem is in place to indicate the severity of Ibe risk wilh red bein8 ihe severest. The Risk Register is a Board Meeting Agenda item and 15 reviewed every month. Our Risk Management Principles are.. l. We will sht our actions and plans 2. We will tslk about and highlight our worries and concerns 3. Mana8ing 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 al the right time 7. We will focus our energy on Ihe high impAct I high probability risks 8. It's OK lo learn from our mi5tsk¢s and adapt 9. We will support positive risk taking for ihe benefit of our membeTr (finding way$ to say yesl) Currenily the per¢tiv¢d Top Risks are.. l. Withdrawal of fundin8 2. Reputation (¢.g. poor service. project longevity) 3. The lack of or the r¢ieniion of the right staff 4. Capacity itnp8crs (¢.8. Covid) 5. Relationship with National Mind 84nd other Loc41 Minds 6. People not und¢rstandin8 our Purp05e or having clarity of our rol¢(5) 7. Ri8bt attitudes l opinions are noi expressed in Iwe wiib our values and principles 8. S&fe8uarding 9. Legal responsibilities I makin8 an impact 10. Whal we offer is oot what our members l service users wanr!
BRECON AND DISTRICT MIND TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Reference and AdmlDl$trgtlve Detalls Trustees . D Connin8 C Low¢ H Maling (resigned 30 September 2024) C Moore E Roshan A Knox (resigned 16 January 2024) Secretary.. Z Porter (res1cd 23 April 2024) S Morris (appoinied 23 April 2024) Principgl Office: Ty Croeso Si David's House 48 Free Street Brecon Powys LD3 7BN Company Regls¢ration Number: 07814¢XIO Chjirlty Re£l$tritl(trn Number.. 145211 Bankers Lloyds Bank Scottish Widows Monmouihshir¢ Buildin8 Society Indtpendent Examlner: Mitchell Asso¢i&tcs Limited Chart¢r¢d Accountan(S St Davids Hous¢ 48 Fr¢e Str¢el Breeon Powys LD3 7BN
BRECON AND DISTRICT MIND TRUSTEES REPORT UNCLUDING DIRECTORSI REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Fin4nci41 instruments Objectives andpollcies Th¢ charity'5 attivities expose it to a number of financial ri$k$ including eredit risk, cash flow risk and liquidity risk. Credil risk The eharity's princtpal fthancial assets are bank balances and cash. trade and other receivables. The charity's credit risk is primarily attributable lo its trade receivables. The arnounls presented in the balance sh¢¢1 are nel of allowances for doubtful reeeivables. An allowance for impairnient is made where there is an identified loss event which, based on pr¢vious ¢xperience. is evidencg of a reduction in the tecovcrability of the cash flows. The credit risk on liquid fvnds is limited b¢cause thc Unte[particS ar¢ banks with high credil-ratings assigned by international cr¢dit-ralin8 a8¢n¢ie5. The charity has no si8nif1¢4nt eon¢¢ntration of credit risk, with exposure spr¢ad over a larg¢ numbu of counterparties and customer$. Liquidity risk In order lo maintsin liquidity to ensure tbat sufficient fijnds are 8vailable for ongoing operalioDS and developments, the charity uies a Mixre of long-iemi Pdnd short-ierm deposits. Further details regarding liquidity risk can be found in ihe Statement of accounting policies in the financial statements. Admlnl$tratioft ExternAI CertlflcAtIon: W¢ Gontinue to Strive for organisational excellence by Adhering lo the Mind Quality Mark. M4n4gement Systems This year we have revi¢w¢d and invested further into th¢ sy5t¢m5 that str¢n8th¢n the servic¢5 & 5UPPOrt w¢ offer. We hAve rther developed Xero financi81 software which has helped lo increase efficiency of the budgeting process and financial reporting. We have also made ehanges to our contact management datsbase. Lamplight. lo give us ststisticlll inforniation AbLWI our services. All th¢se improvements have enabled the Trustees aDd Management io make data driven decisions. All our databases ihat contain personal and sensitive inforniation io comply with Data Proteciion law. Br¢¢on and District Mind are members of the Health Assured Employee As$i$tance Progrnmme which offers ind¢p¢nd¢nt workpla¢¢ support lor stsff. Mitchell Associates continues to support with payroll, accounting and pension auto-enrolment.
BRECON AND DISTRICT IVItND TRUSTEES REPORT NcLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 Ststement of Trustees Responsibilities The tnte¢S (who are also the directors of Brecon And District Mind for the purposes of company law) are responsible for preparing the tstee$, report and the financial ststements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company18w requires the trustees io prepar¢ financial statements for each fin&n¢ial year. Under company law the Iruslec5 must nol
pprove th¢ financial Stsiemenls unless they are satisfied that they give a true and fair view of ihe state of affairs of th¢ ¢haritable
eornpany and of its incoming SoUrceS and application of resources. including ils income and expendilure. for that period. In preparing these financial statements, the trnslees a required to: select suitable accounting policies and apply them eonsistenily. observe the methods and principles in the Charities SORP. make judgements and eslim4les ihal are reasonable and prud¢nt' State whether applicable UK Accounting Standards hav¢ b¢¢n followed, subj¢ to any material departures disclosed and explained in the financial statements: and prepare thc finhn¢ial 51at¢menls on the 80in8 ¢on¢¢rn ba$1$ unless il is inappropriat¢ to pr¢sume that the charitabl¢ ¢ompany will Contitsue in business. The trnslees are responsibl¢ for keeping adequate accounting records that are sufficienl to show and explain ihe charitable company's transactions and disclose wiib reasonable accuracy gt any time the fthancial position of the charilable company and enable them lo ensure that the financial siatements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the ch*ritsble company And hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. Small Companles proYl$lon statement This report bas been prepared ID accordance with tbe small compani¢s re ime under the Companies Act 2006. The annuol r¢port wa5 approved by th¢ trustees of the charity on d s1cd on its behalf by: Crad Low¢ Co-chair and Treasurer
BRECON AND DISTRICT MIND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRECON AND DISTRICT MIND I report to the trustees on my éxamination of the financial statements of Brecon And Dislrict Mind (thé charlty) for the year ended 31 March 2024. Rosponsibllltles and bas1• of report As the trustees of the charity land also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 A¢l>. Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination. I report in respèct of my examination of the charity's financial stalemenls carrled out under serlion 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Acl. Ind•pondent examlnef• stat•mant Since the charity's gross income exceeded £250.000 your examiner must be a member of a body listed in sectlon 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of ACA BFP. which is one of the listed bodies. I have completed my examination. I confirm thal no matters have com8 to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as requlred by $ectlon 386 of the 2006 Act., or the financial statements do not accord with those records,. or the financial statements do not comply wrth the accounting requirements of section 396 of the 2006 Act other than any requirement that the acUnts 9ive a true and fair view whl¢h is not a matter considered as part of an Independent examination., or the financial statements have not been prepar8d in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reportin9 by charities applicabl8 to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102}. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enabl8 a propèr und8rslanding of th8 financi81 statements to be reached. Mltchell As8ocl•tes Ltd J P Mitchell ACA BFP Sl Davids House 48 Free Street 8recon Powys LD3 78N UK Oaled: . 10-
BRECON AND DISTRICT MIND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unre$trlctad R•slrlcled funds funds 2024 2024 Total Total 2024 2023 Notes Income from: Donations Charitable activities Investments 27,445 205,009 1.993 9,188 212,977 36,633 417,986 1,993 65.552 411.642 712 Totsl Incom• .234.447 222,165 456.612 477,906 endltur Raising funds 5,113 5,113 1.709 Charitable activilies 270.534 239,744 510,278 639.581 Other 12 1.178 1,178 Total •xpendltur• 276,825 239,744 516,569 641.290 Not outgoSng r••ourc•8 befor• transf•r• {42,378) (17,579) (59,957) (163,384> Gross transfers betrween funds (7,171) 7,171 Not •xpenditure for thg y•arl N•t mov•mont In lund8 (49.5491 (10,408) (59,957) (163.3841 Fund balances at 1 April 2023 133,633 104,989 238,622 402.006 Fund balances al 31 Mar¢h 2024 84,084 94,581 178,665 238.622 The statement of financlal activities includes all gains and losses recognised in the year. All income and expendltur8 d8riV8 from continuing aclivilies. The statement of financial activities also complies wilh the requiremenls for an income and expenditure account under the Companies Act 2006. 11
BRECON AND DISTRICT MIND BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes Flxed a$$•t8 Tangible assets 14 11,101 15.053 Current assets Debtors Cash at bank and in hand 15 8,972 178.850 44,665 202.219 187,822 246,884 Crodltors: amounts f•lllng du• wlthln one year 16 {20,258} (23,315) Nel current assets 167,564 223,569 Total assets less Gurront Ilabllltlg8 178,665 238,622 Income funds Restncted funds Unrestricted funds 18 94.581 84,084 104,989 133,633 178,665 238,622 The company Is entitled to the exempllon Irom the audit requirement ¢ontalned In sectlon 477 of the Cornpanles Act 2006, for the year ended 31 March 2024. The directors acknowledge Iheir responsibilities for Complying with the requirements of the Companies Ad 2006 with respect lo accounting records and th8 preparation of flnancial stalements. The members h8ve not required th8 company to obtain an audit of its financial statements for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies sublect lo the small companies regime. Thefi ate nts were approved by the Trustees on . C Lowe Trusloe Company registration number 07814000 12-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies Charfty Inforrnallon Brecon And DistriGI Mind 1$ a private company limlled by guarantee incorporated in England and Wales. The registered office is Ty Croeso, St David's House, 48 Fr88 Street, 8recon, Powys. LD3 78N. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wlth the charltls Igovernlng do¢um8ntl, the Companies Act 2006. FRS 102 "The Financial R8POrting Standard applicable in the UK and Republic of Ireland. ('FRS 102.) and the Charities SORP "Accounting and Reporting by Charities: Statefflent ol Recommended Practicè applicable to charities preparin9 their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)" {effe¢live 1 January 2019>. The charity is a Public Bonefil Entily as defined by FRS 102. The charity has taken advantage of the provisions In th8 SORP for chariti8s not to prepare a Statement ol Cash Flows. The financlal statoments are prepared In sterling, whlch Is tho functional currency of the charlty. Monelary amounts in these financial slalemenls are rounded to the nearest £. The financial statements have bèen prepared under the historScal cost convention. [modlfied to include thè revaluation of Ireehold properti8s and to Include Investment properties and ¢8rtain financial instruments al fair value]. The princlpal accounting policl8s adopted are set out below, 1.2 Golng concem Al the time of approving the flnanclal statements, Ihe trustees have a reasonable expeclatlon that the charity has adequate resources to continue In operallonal existen¢e for the foreseeable fulurè. Thus thg trustees continue lo adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charltablo funds Unreslricled funds are avallable for u88 at the dls¢retlon of tha trustees In furtherance of their charltable objectives. Restricted funds are subject to specific conditions by donors as lo how Ihey may be used. The purposes and u$e$ of the restricted funds are sel out in the notes to the financial $talements. Endowment funds ar8 subject to speclfic conditions by donors that the capllal must be maintained by the charity. 1.4 In¢om• In¢om8 is recognised when the charity is legally 8nlitle(I to it after any performance GondStions have been met. the amounts ¢8n be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charlty has been notified of the donation, unless pérformance conditions require deferral of the amounl. Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the tim8 of the donation. Legacies are recognised on receipt or olherwise if the charity has been notified of an impending dislribulion. the amount is known. and receipt is expected. If the amount is not known, the legacy is trèated as a contingent asset. 13-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng poll¢l•8 1.5 Expendlture Expenditure is reco9nised once thefe is a legal or constructive obligation lo transfer economic benefit to a third paty, il is probable that a transfer of economic benefits wlll be required in settlement. and the amount of the obligation can be measured reliably. Expenditur8 is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs. including support costs involved in undertaking each a¢tivity, Direct costs attributable to a single activity are allocated directly to that activity- Shared cosls which contnbule lo more than one activity and support costs which are not attributable lo a single activity are apportioned betrween those activities on a basis consistent with the use of resources. Central staff $t$ are allocated on the basis of time spent. and dppreGiatlon charges are allocated on the portion of tha asset's usa. 1.6 Tangible fixed assets Tangible fixed assets ar8 inlllally measured al cost and subsequently measured at cost or valuation, net of depreciatlon and any Impaimient losses. Depreciallon is recognised $0 as to write off the cost or valuatlon of assets less Ihelr residual values over their useful lives on Ihe following bases.. Leasehold property improvements Furniture and equipment Motor vehlcles Over term of the lease 200/0 reducing balance 20% reducing balance The gain or loss arising on the disposal of an asset is detemiined as the difference beveen the sale proceeds and the carrylng value of the asset. and is recognised in the statement of finanaal acllvities. 1.7 Cash and cash équlvalent8 Cash and cash equivalenls include cash in hand, deposits held at call with banks, other short-tem liquid investments with original malurilies of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Flnanclal Instruments Financial instruments are recogn15ed in the Charlty's balance sheet when the charity becomes party lo the contractual provisions of the instrument. Financial assets and liabilities are offset, with the nat amounts presented in the financial slatemenls, when there is a legally enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or lo realise lh8 assel and s8tt18 the liability slmullaneously. Basle Ilnanclal assets Basic financial assets, whlch include debtors and cash and bank balances. are initially measured at transaction price in¢luding transaction costs and ar8 subsequently carried al amortised rxjst using the effects've interest method un18SS the arrangement constitutes a financing transaction, where tha transaction is measured al the present value of the future receipts discounted at a market rate of inleresl. Financial assels classified as receivable within one year ar8 not amortised. 14-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Aceounllng poll¢le$ Baslc flnanclal Ilabiliti•s Basi¢ financial liabilities, including creditors and bank loans a initially OgniSed at transaction price unless the arrangèment constitutes a financing transaction, wh8r8 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 wilhin one year are not amortised. Debt instruments are subsequently carrled at amortlsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or seNices that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wilhin one year or less. If nol, they are presented as non-current liabilities. Trade creditors are recognis8d initially 8t transaction price and subsequently measured at amortised cosl uslng the effective Interest method. Derncognltion olflnancial liabilities Financial Ilabilities are derecognised when the charity'.s contractual oblwalions expire or are discharged or cancelled. 1.9 Employee beneflts The cost of any unused holiday enlitlemenl 15 recognised in the period in which the employee's services are received. TermSnatlon benefits are recognised Immediatély as an expense when the charity Is demonstrably committed to termlnate the employment of an 8mployee or to provide teminalion benefits. 1.10 Rotlremont beneflts Payments lo defined contribution retirement benefit schemes are charged as an expense as they fall due. Crltlcal accountlng esllmal•• •nd Judg•m•nt• In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumplions about the Carrying amounl of assets and liabilitl8s Ihat are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are consldered to be relevant. Actual results may differ from these eslimales. The estimates and underlying assumptions are reviewed on an on90ing basls. Revistons to accounling estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of Ihe revision and fulure periods where the revision affects both current and fulure periods. 15-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Donations Unrestrlcted R•$trl¢tgd funds funds Total Total 2024 2024 2024 2023 Donations and gifts Grants Membership fees FurKlraising 12,405 15,000 4,933 17,338 15,000 120 4.175 12,071 50,584 124 2,773 120 4,135 40 27.445 9,188 36,633 65,552 16-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Donatlons Unrestricted Restricted funds funds Total Total 2024 2024 2024 2023 Grants Lloyds Foundatlon Garfield Weston Postcode Community Lottery 35.584 15.000 15,000 15.000 15,000 15.000 50,584 17-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Charllable actlvltles Total 2024 Total 2023 Grants Morel Trust Powys Local Health Board Povrys CC PAVO Mind Cymru Mid Powys Mind National Lottery National Grid Redkite Health Solutions CLA Charitable Trust Brecon Town Council Coop Local Community Fund Adam Hallas Oakdale Trust Rank Foundallon WCVA B8NP Di Walker Foundallon Ponthafren Magic Little Grant Brecknock Art Trusl 1.000 134,302 62,981 164,191 68,062 19.987 82.100 11.809 48,978 26,146 48.673 5.155 20.131 3.500 4.000 60,392 1,891 710 1,000 2.500 11.250 1,323 21.000 5,617 500 2,500 417.986 411,642 Analysls by fund Unre5tricled funds Restricted funds 205,009 212,977 129,325 282.317 417,986 411.642 Invo8tments Unrestricted Unreslricted funds funds 2024 2023 Interest receivable 1.993 712 18-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Raislng funds Unrestrlctod Unrestrieted funds funds 2024 2023 Fundraising and publicity Other fvndraising costs 5.113 1.709 5,113 1.709 Charltablg a¢tlvltle$ Total 2024 Total 2023 Staff costs Direct costs 364,511 55.799 494,438 54.572 420.310 549.010 Share of support costs (see note 8) Share of govemance costs (see note 8) 80,637 9,331 82,626 7.945 510,278 639.581 Analys1$ by fund Unreslricled funds Restricted funds 270,534 239.744 193,824 445,757 510.278 639.581 19-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Support costs Support Govornanco costs costs 2024 2023 Staff costs Depreciation Establishment costs Office expenses Printlng, postage and $t8tionery Repairs Sundry costs Travel costs Advertising Subscriptions Consultancy costs Staff Training 5,560 5,560 2,773 35,846 26,092 3,782 300 1.435 620 1.222 48 6,723 1,796 4.200 3,764 39.427 20,391 5.189 1,686 1,487 1,678 1,171 1.567 3,465 2,801 2,773 35,846 26,092 3.782 300 1,435 620 1,222 48 6,723 1,796 Independént examiner fee Bank charges 3.498 273 3,498 273 3,328 419 80.637 9,331 89,968 90,571 Analysed between Charitable aclivilies 80,637 9,331 89,968 90.571 Net mov•mènl In lund8 2024 2023 Net movement in funds is stated after chargingl{crediting) Depreciation of owned tangible fixed assets Loss on disposal of tangible fixed assets 2.773 1.178 3,764 10 Trustees None of the trustees (or any persons connected with them) received any remuneration or b8n8fits from the charity during the year. 11 Employ••s The average monthly number of employees duTing the year was.. 2024 Number 2023 Number Employees 22 30 20-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 11 Employees Employment costs 2024 2023 Wages and salaries Social security Costs Other pansion costs 347,545 16,727 5,799 465.009 26.128 7,501 370,071 498,638 The total employee benefits of key managemént personnel of the charity wer8 £109,030 (2023 - £127,846) There were no employees whose annual remuneration was more than £60.OIXI. 12 Other Unr•strlct•d funds Total 2024 2023 Nel loss on disposal of tamgible fixed assets 1,178 1,178 13 Taxatlon The charity is exempt from tax on Income and gains falling within sectlon 505 01 the Taxes Act 1988 or section 252 of the Taxallonof Chargeable Gains Act 1992 to the exlenl that these are applied to ils charitable objgcts. 21
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 Tangibl• Ilxed as$ots L•as•hold Furnltur• and Motor ¥•hl¢l property 8qulpment improv•m¥nts Total Cost Al 1 April 2023 Disposals 13,000 24,826 (1,879) 9.495 47,321 (1,879) At 31 March 2024 13,000 22.947 9,495 45.442 Deprnciation and lrnpalrm•nt Al 1 April 2023 Depreciation chafged In the year Eliminaled in respect of disposals 13,000 13.661 1.997 (701) 5.608 776 32,269 2.773 (701) Al 31 March 2024 13.000 14,957 6,384 34,341 Carrylng amount Al 31 March 2024 7,990 3,111 11,101 At 31 March 2023 11,164 3,889 15,053 15 Debtors 2024 Z023 Amounts falllng duo wlthln on• y•ar: Trade debtors Prepayments and accrued income 5,567 3.405 44,292 373 8,972 44,665 16 Credltors: amount8 falllng du• withln onè year 2024 2023 Trade creditors Accruals and delerr8d income 12,045 8,213 14,022 9.293 20,258 23,315 17 Rotlramont bonefll schemes Definod contrlbutlon schemos The charity operates a defined contribution pension scheme for all qualifying employees. The assels of the scheme are held separately from those of Ihe charity in an independently administered fund. The charge to profil or loss in respect of defined contribution schemes was £5.799 (2023 - £7,501). 22-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 R•strlctod funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes.. Movomont In funds Incomlng Resources r•sour¢•s •xp•ndtd 8alanc• •1 1 Aprll 2023 Transf•rn Balanc• •t 31 March 2024 Friends of Brecon Mlnd Art Project Volunteering Mums Matter Dr Sowerby Vehicle Active Monitoring Soclal Prescrlbing Dad's Research My Generation Green Minds Children and Young People Fund Dlgilal Work Crisis Prevention Counselling Communlly Matters Communlly Listeners Engagement Project Cost of Living - mental wellbeing VWG Posfvenllon 2,821 4,302 120 3,139 2,500 49,180 30 47,158 20,131 2.941 (7.441) (2.500) 141,812) (1.8651 160.319) (29.153) {647) (4,557) 123,748) (1,933) {559) (27.462) {7.110) {5,15S) (5.531) 16,494 11,094 13,161 9,022 647 7,209 20,594 1,133 559 4,921 7,501 23,862 (9.259) 2,652 9,407 20,2¢X) 12.561 21,000 23,010 4,153 5,155 469 4.544 5,531 9.930 11,820 11,250 1,027 9,930 8.349 11,250 977 (19.901) 16,430 {50} 104,989 222,164 (239,743) 7,171 94,581 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 Friénds of Brecon and District Mind, The Arts proiecl comprises funds received from the Creative Therapies to fund th8 operation of the arts projed. Volunteering, ffjpresenls fltnding from Powy8 CC towards fecrulllng 20 new volunteers; raislng £5,000 through community 8V8nts and supporting 200 new $8rvic8 users in groups or aclivilies. Mind Mums Matter represents funding from Comic Rplief via National Mind towards a 2 year peri-nalal Sèrvice. As w811 as funding from Magic Little Stars. Dr Sowerby represents funding received to purchase a vehicle to be used for various projects within Brecon and District Mind. -23-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 Restricted funds Supported Self Help (previously Acllv8 Monilorlng) represents funding from Mind. WCVA. Santander. Awards for All and Next steps towards training. salaries, transport. volunteer expenses and overheads. Social Prescribing represents funding from Welsh Gov8mment vla Mind Cymru and Red Kite Health Solutions for a mental hèalth sp8cific social prescribing research project. Dad's Research represents lundln9 from Powy8 Local Héalth Board towards a p&rl-nalal servlce. My Gèneration rèpresents funding from Mind. Community Foundation Wales and Pércy Davies Institution to run a programme for people aged over 50, to reduce soclal isolation. Green Mlnds represents funding from Powys Association of Voluntary Organisallons - The Soclal Value Fund, Prlnces 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. Digital Work represents funding from Community Foundation Wales to assist with digital support throughout the COVID pandemic. Crisis Pr8V8ntion repres8nls funding from Powys County Council to assist with funding the Twilight Service offered. Counselling represents funding from th8 National Lottery to support with th8 COVID response therapy. Bereav8ment Support represents fundlng from Mld and North Povrys Mlnd towards a support group for those who have been bereaved or impacted by suicide loss. Communlty Llsteners . represents fundlng from PAVO lo a programme to build a network of people who are able to give skilled, strength based. empowering listening support within their communities. Community Matters represents funding from National Grld Community Matters Fund towards towards the costs of operating a warm bank in our community building. Cost of Llvlng - Mental wellbeing r8spr8sents funding from Mlnd VWG - represents funding from WCVA towards staff costs, staff Iraining, equipment Cosls, as well as some volunteer expenses. IWSS represents funding from Mid & North Powys Mind towards counselling and room hire costs. Posfvention represents funding from Powys Teaching Health Board. -24-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 Restri¢tad funds Movement in funds Incomlng Resources r•sour¢•$ •xp•nd•d Balance at 1 Aprll 2022 Transhrs Balance at 31 March 2023 Friends of Brecon Mind Art Project Volunteering 2,701 12,172 120 3.724 7.681 50.000 2,821 4,302 {11,594) (7,681) (61.610) (44.314) (2.424> {96,123> (59,884) 13.590) 16,0871 {21,809} (31,515> (105) (54.927) (11,182) (18.456) (14.456) 11,610 60,808 13.518 45,564 8.514 4.237 13,296 39,781 31,698 664 773 9,810 9,206 Mums Matter Dr Sowerby Vehicle Active Monitoring Social Prescribing Dad's Research My Generation Gréen Mlnds Children and Young People Fund Digikl Work Crisis Prevenllon Counselling Community Matters Community Listeners 16,494 11,094 13,181 9,022 647 7,209 20,594 1,133 559 4,921 7,501 63,720 60.392 2.622 950 59.075 8,873 9,250 19.987 5,531 264,352 286,394 (445,757} 104,989 19 An•ly31ty of n•t assets bolw••n funds Unrestricted R•stricted funds funds 2024 2024 Total Total 2024 2023 Fund balances at 31 March 2024 are presented by.. Tangible 8S88ts Current asselsllliabilities) 9.111 74.973 1.990 92.591 11,101 167,564 15,053 223,569 84,084 94.581 178,665 238,622 20 Operatlng lease commltments 2024 2023 Within one year Befvleen hvo and five years 3,230 19.382 3,230 3,230 22,612 -25-
BRECON AND DISTRICT MIND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 20 Operating lèase commitmonts Mado up of rental commitments which are due to end in May 2024 21 Related party transactions There were no disclosable related party transactlons durin9 the year (2023 - none). -26-