**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 $peeifically rc5tricted to the following:
a) To promoie the preservation of good mental health ITr particular by enablinB and empowering everyone exp￿1¢n¢tng mentsl
he81th problem5 to live with, mgna8e and recover from their condition.
b) To relieve the needs of people with mentsl health problems by working lo increase ihe understsnding of mental health and
Tnentsl health problems by gathering and disseminating infortnation and working to raise awar¢ness. promote understanding and
ch8ll¢n8c sli8ma and discrimination.
Th¢ organisaiion seek$ 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 f￿d 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 punc￿41 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 dI￿l¢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 Br￿On 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 Ch￿ge 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$e pisks
The Trustees have a process in place for identifying Risks to the or8anisation. The Risk Register logs the risks to the organ isation
Ihat need to be moniiored. A traffic Ilght syslem is in place to indicate the severity of Ibe risk wilh red bein8 ihe severest. The Risk
Register is a Board Meeting Agenda item and 15 reviewed every month.
Our Risk Management Principles are..
l. We will sh￿t our actions and plans
2. We will tslk about and highlight our worries and concerns
3. Mana8ing risk is everybody's responsibility
4. We will have a clear pathway from reporting to action
5. Each risk will have the right owner
6. We will effectively monitor the pathways of action al the right time
7. We will focus our energy on Ihe high impAct I high probability risks
8. It's OK lo learn from our mi5tsk¢s and adapt
9. We will support positive risk taking for ihe benefit of our membeTr (finding way$ 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$trgtlve Detalls
Trustees .
D Connin8
C Low¢
H Maling (resigned 30 September 2024)
C Moore
E Roshan
A Knox (resigned 16 January 2024)
Secretary..
Z Porter (res1￿cd 23 April 2024)
S Morris (appoinied 23 April 2024)
Principgl Office:
Ty Croeso
Si David's House
48 Free Street
Brecon
Powys
LD3 7BN
Company Regls¢ration Number:
07814¢XIO
Chjirlty Re£l$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$.
Liquidity risk
In order lo maintsin liquidity to ensure tbat sufficient fijnds are 8vailable for ongoing operalioDS and developments, the
charity uies a Mix￿re of long-iemi Pdnd short-ierm deposits.
Further details regarding liquidity risk can be found in ihe Statement of accounting policies in the financial statements.
Admlnl$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 tn￿te¢S (who are also the directors of Brecon And District Mind for the purposes of company law) are responsible for preparing
the t￿stee$, 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 s1￿cd 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 ac￿Unts 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 be￿veen 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-