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← Mid & North Powys Mind

2025-03-31-accounts

Mid and North Powys Mind

Financial Statements

For the Period ended 31st March 2025

Registered Charity No. 1167840 Company No. 10158044

Mid and North Powys Mind

Financial Statements

For the Period ended 31st March 2025

CONTENTS

Report of the Directors 3-5
Independent Examiners Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Accounts 9-16

2

Mid and North Powys Mind

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity Number Registered Company Number

1167840 10158044

Registered Office

Crescent Chambers South Crescent Llandrindod Wells Powys LD1 5DH

Trustees

Caroline Wilson Catherine Nunn Melissa Townsend Jeremy Andrews Noreen O’Connor

Structure, Governance and Management

Mid and North Powys Mind is a registered charity and a company Limited by guarantee, governed by a Memorandum of Association dated 13[th] July 2023.

Director recruitment and appointment

Directors are responsible for the control and management of the Organisation.

The Organisation seeks to ensure that the Board of Directors includes an appropriate range of skills and is also representative of different sections of the community. It also seeks to recruit and retain Directors who reflect and have knowledge of the issues surrounding mental health and the communities and area in which the Organisation operates.

The Associations Articles state:

Process

All New Directors will be appointed through a process of application, short listing and interview by a small panel, followed by recommendation to the Board of Directors. All Directors are subject to satisfactory references. Occasionally existing Directors or staff members may put forward names of people about whom they have knowledge and think may be interested and suitable to be approached by representatives of the Board of Directors.

3

All Directors are expected to give their time and energy freely to the Organisation.

All potential Directors should be aware that the law disqualifies some individuals from acting as a charity Director.

Mission

Improving mental wellbeing for people in Mid & North Powys

Vision

Mid & North Powys Mind will continue to be known as a place to go for information and support for those with mental health needs, their families and friends. We will promote mental wellbeing in the wider community. We will respond to local, individual and community needs regarding these issues with up to date proven methods, working closely with other voluntary and statutory organisations. We value individuality and work to raise awareness.

Achievements and Performance

Mid Powys Mind have run services for 35 years. We provide essential wellbeing services to people wishing to improve their mental health and wellbeing. Our service consists of:

Financial Review

Incoming resources in the period were £1,358,690 of this £1,341,882 related to project restricted activities.

Our funding for the year has been received from the following sources – Powys teaching Health Board, Powys County Council, National Mind, Henry Smith, Moondance Foundation, PCC Housing Support Grant, Welsh Government, transforming Towns, Welsh Government Community Facilities programme, PAVO, Shared Prosperity Fund, Tesco, Newydd, Children in Need, Community Ownership Fund, National Grid and ACIS. Along with donations from various individuals.

During the year Mid and North Powys Mind has been able to offer a vast range of activities and opportunities to all our clients and the wider community. All service developments are undertaken after financial risk management to ensure the Organisation maintains its level of reserves.

4

The Directors have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Reserves Policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure (closure costs). Due to uncertainties over consistent future funding for Mid and North Powys Mind, together with annual shortfalls of specific funding for projects, additional sums have been retained to enable projects to continue to operate. This provides sufficient funds to cover management, administration and support costs.

Responsibility of Directors

Law applicable to charities in England and Wales requires the Directors to prepare accounts for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those accounts, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Directors and signed on their behalf by:

Chairperson: Date: 28[th] November 2025

5

Independent Examiners Report to the Directors of Mid and North Powys Mind

I report on the accounts of Mid and North Powys Mind for the period ended 31st March 2025 which are set out on pages 9 to 16.

Respective responsibilities of Directors and examiner.

The Directors of Mid and North Powys Mind are responsible for the preparation of the accounts. The Directors consider that an audit is not required for this year under section 144 of The Charities Act 2011 (“the Charities Act) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a member of MAAT.

It is my responsibility to:

Basis of Independent Examiners Report

My examination was carried out in accordance with the general Directions given by the Charity Commissioners.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeks explanations from you as directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out on the statement below.

Independent Examiners Statement

In connection with my examination, no material matters has come to my attention which gives me cause to believe that in, any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Mid Wales Accountants Ltd 28[th] November 2025

6

Mid and North Powys Mind Statement of financial activities for the period to 31/03/25 Incorporating the Income and Expenditure Account

Note
Incoming Resources from
Grants Receivable
2a
Donation and Gifts
2b
Interest Receivable
2c
Fund Raising
Total income and endowments
Resources Expended
Charitable Expenditure
3
3
Total Expenditure
3
Net income/(expenditure)
4
Transfers between funds
Net movement in funds
Brought forward 1st April 2024
10
Carried forward 31st March 2025
10		 Un-
Un-Restricted
Restricted
funds funds
£
£
80,006
1,251,203
5,619
4,312
17,550
107,487
1,251,203
133,709
1,208,173
133,709
1,208,173
(26,222)
43,030
267,547
(267,547)
241,325
(224,517)
295,088
114,475
536,413
(110,043)		 Total funds
Mar 2025
£
1,331,209
5,619
4,312
17,550
1,358,690
1,341,882
1,341,882
16,807
-
16,807
409,563
426,370		 Total Funds
Mar-24
655,214
16,259
3,620
8,035
683,128
700,472
700,472
(17,345)
(17,345)
426,908
409,563

There are no recognised gains or losses in the year, other than those included in the statement of financial activities.

All activities derive from continuing operations.

7

Mid and North Powys Mind

Balance Sheet as at 31st March 2025

Un-Restricted Restricted Total Total
Note Funds Funds Mar-25 Mar-24
£
Fixed Assets
The Dance Centre 128000 128,000
Tangible Fixed Assets 6 202 - 202 375
Current Assets
Prepayments 7 0 - 1,167
Bank 298,626 298,626 424,805
Cash in Hand 910 910 588
299,536 - 299,536 426,560
Creditors - amounts falling due
within one year 8 1,368 - 1,368 17,371
Net Current Assets 298,168 - 298,168 409,190
Net assets 426,370 - 426,370 409,565
Represented by:
Funds of the Charity
Un-Restricted Funds 350,032 350,032 90,959
Designated Funds 186,381 186,381 204,129
Restricted Funds -110,043 (110,043) 114,475
536,413 (110,043) 426,370 409,563

The financial statements were approved by the Board on 28[th] November 2025 and signed on their behalf by:-

Chairperson

8

Mid and North Powys Mind

Notes to the financial statements for the period to 31st March 2025

1. Accounting policies

a) Accounting basis

The financial statements have been prepared under the historical cost convention and are in accordance with the Companies Act 2006, applicable accounting standards and the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) effective 1 January 2015. The adoption of the revised SORP has resulted in reclassification of some items and the comparatives have been amended accordingly without any effect on net incoming resources.

b) Incoming resources

i) Grants receivable

Grants made to finance the activities of the charity are credited to the income and expenditure account in the period to which they relate.

ii) Bank interest

Bank interest is included in the income and expenditure account on receipt.

iii) Other income

Sales of services are included in the income and expenditure account in the period to which they relate. Other income, including donations, gifts and covenants are included as they were received.

iv) Gifts and Intangible income

In addition to the above, the charity also receives help and support in the form of voluntary assistance in advising the public. This help and support is not included in the financial statements. However, its value to the Charity has been estimated and disclosed in the Directors’ report.

v) Deferred income

Grants received in advance of the period in which the funder requires the expenditure to be applied will be reflected in deferred income within the balance sheet.

9

Mid and North Powys Mind

Notes to the financial statements for the period to 31st March 2025

1. Accounting policies (continued)

c) Resources expended

All expenditure is accounted for on an accrual’s basis. All expenditure directly related to the provision of advice services is included within charitable expenditure. Other costs incurred have been allocated between fundraising and publicity and management and administration as appropriate. Where such costs relate to more than one functional cost category they have been split on an estimate of time or floor space basis, as appropriate.

d) Fixed assets and depreciation

Fixed assets are included at cost.

Depreciation is charged on the following basis on the costs of the assets over their estimated useful lives as follows: -

Value occupation equipment - 25% written down
Resource centre improvements - 25% written down
Resource centre equipment - 25% written down
General equipment - 25% written down

The depreciation policy has been reviewed in accordance with the Statement of Recommended Practice “Accounting and Reporting by Charities” (Charities SORP (FRS 102)) effective 1 January 2015 and no change has been made from the previous year.

e) Restricted funds

Income received for the restricted purposes is included in a separate restricted fund against which appropriate expenditure is allocated.

.

10

Mid and North Powys Mind

Notes to the financial statements for the period to 31st Mar 2025

Silvercloud Blended CBT
Welsh Government Bereavement
Welsh Government In-workk Syupport Service
Mind cost of living
Transforming Towns
LHB Postvention
Housing Support Grant North
Housing Support Grane South
SPF
Mind Cost of Living 24 - 26
Youth Activities
Pavo Youth Led grant
Powys Health Board - Mums and Dads Matter
Welsh Government Community Facilities
Community Ownership Fund Subsidy
Mental Elf
Mums Matter Peer Support
Counselling
Tesco stronger starts - Mums Matter
Tesco stronger starts - youth
PAVO Numeracy 2
PAVO Numeracy 3
PAVO Numeracy
ASCIS 2
Children in Need
Mind - LGMF Youth
ASCIS
Newydd
Community Matters
PCC Warm spaces
Connected Communities
Henry Smith
ASCIS
Mind TISF
Total Income
b
Donations & Gifts
Self Generated
c
Income from investments		 80,006
5,619
17,550
4,312		 32,365
58,930
168,614
1,977
249,165
1,278
58,050
25,542
192,532
7,619
100
500
29,200
299,625
2,724
1,125
1,000
1,500
2,963
9,166
9,000
4,843
2,500
2,548
4,852
985
60,000
22,500
1,251,203
-		 32,365
58,930
168,614
1,977
249,165
1,278
58,050
25,542
192,532
7,619
100
500
29,200
299,625
-
-
2,724
-
1,125
1,000
1,500
2,963
9,166
9,000
4,843
-
2,500
2,548
4,852
985
-
60,000
-
22,500
1,331,208
5,619
17,550
4,312		 63572
124145
53000
23220
49658
3415
10000
3926
3132
6278
12314
2500
59900
11250
607,095
16,259
8,035
3,620

11

Mid and North Powys Mind

Notes to the financial statements for the period to 31st March 2025

3 Total expenditure on

Staff Salaries
Activites
Rent and Venue hire
Utilities
Office costs
Insurance
Telephone
Staff Travel & Expenses
Volenteer Expenses
Examination Fee
Staff and Training Provision
Depreciation
Property development
Total		 Direct
Charitable
activities
£
93,382
2,727
1,208
1,258
125
98,700		 Projects
£
373,530
240,314
24,547
2,424
10,869
11,323
1,122
16,347
8,762
5,104
13,821
173
534,847
1,243,183		 Total Mar
2025
£
466,912
240,314
27,274
2,424
12,077
12,581
1,247
16,347
8,762
5,104
13,821
173
534,847
1,341,882		 Total Mar
2024
458,572
171,437
31,147
667
11,080
2,500
1,757
16,583
0
2,807
3,655
268
700,472

12

Mid and North Powys Mind

Notes to the financial statements for the period to 31st March 2025

4 Net income/(expenditure)
This is stated after charging:
Depreciation
Amortisation
Auditors' remuneration
Audit services
Consultancy work		 Mar-25
£
173
948		 Mar-24
£
268
924
5 Information regarding Directors and Employees
Wages and salaries
Social Security costs
Pension costs
The average number of employees, analysed by function was:
Management and administration of charity
No employee received remuneration of more than £50,000.		 Mar-25
£
386,215
36,026
44,671
466,912
Mar-25
23		 Mar-24
£
388,737
33,974
36,286
458,997
Mar-24
23
23 23

13

Mid and North Powys Mind

Notes to the financial statements for the period to 31st March 2025

6 Fixed assets

**6 ** Fixed assets
Valued Resource
Resource
The Dance Occupation Centre
Centre		 General
Centre Equipment Improvements Equipment Equipment Total
£ £ £
Cost
At 01/04/24 135 16 1,046 2,870 4,067
Additions 128000 128,000
Disposals
At 31/03/25 128,000
135		 16 1,046 2,870 132,067
Depreciation
At 1/4/24 135 16 976 2,565 3,692
Charge for the year 0 0 70 103 173
Disposals
At 31/03/25 0
135		 16 1,046 2,668 3,865
NBV Mar 2025 128,000
0		 0 0 202 128,202
NBV Mar 2024 0
0		 0 70 305 375
**7 ** Debtors
31/3/25
£
Prepayments 0
0
**8 ** Creditors - amounts falling due within one year
31/3/25
£
PAYE -
Pension -
Accruals 1,368
1,368

14

Mid and North Powys Mind

Notes to the financial statements for the period 31st March 2025

9 Analysis of net assets between funds

General
Funds
Tangible Fixed Assets
128,202
Current Assets
299,536
Current Liabilities
(1,368)
Net Assets
426,370
10 Movement in funds
At 1 April
Incoming
Outgoing
Transfers
Restricted Funds
2024
Resources
Resources
Moondance
68,556
51,417
Blended CBT
32,365
34,088
WG Bereavement
58,930
58,930
Mind Cost of Living
1,977
1,977
WG IWSS
168,614
190,702
23,414
Transforming Town
249,165
121,165
128,000
LHB Postvention
1,278
1,278
Supporting People North
-
58,050
59,400
13,500
Supporting People South
-
25,542
25,542
SPF
192,532
144,060
98,156
Mind Cost of Living 24-26
7,619
6,075
Youth Activities
2,013
100
LHB Research
29,200
29,200
PAVO Youth Led
500
500
Community Facilities
299,625
299,625
COF Subsidy
8,350
8,350
Arts Council
75,656
MM Peer Support
7,098
2,724
2,868
Tesco stronger starts Mum
1,125
1,500
Tesco stronger starts Youth
1,000
1,000
Counselling
8558
4815
PAVO Numeracy 2
1,500
1,500
PAVO Numeracy 3
2,963
2,963
PAVO Numeracy
9,166
9,166
ASCIS 2
9,000
7,872
Children in need
4,843
1,356
WG Child Poverty
1,497
ASCIS
2,500
2,500
Community Matters
4,852
4,852
Newydd
2,548
1,848
PCC warm
985
985
Henry Smith
19,900
60,000
59,963
Mind TISF
22,500
Total Restricted Funds
114,475
1,251,203
1,208,173
267,547		 General
Funds
Tangible Fixed Assets
128,202
Current Assets
299,536
Current Liabilities
(1,368)
Net Assets
426,370
10 Movement in funds
At 1 April
Incoming
Outgoing
Transfers
Restricted Funds
2024
Resources
Resources
Moondance
68,556
51,417
Blended CBT
32,365
34,088
WG Bereavement
58,930
58,930
Mind Cost of Living
1,977
1,977
WG IWSS
168,614
190,702
23,414
Transforming Town
249,165
121,165
128,000
LHB Postvention
1,278
1,278
Supporting People North
-
58,050
59,400
13,500
Supporting People South
-
25,542
25,542
SPF
192,532
144,060
98,156
Mind Cost of Living 24-26
7,619
6,075
Youth Activities
2,013
100
LHB Research
29,200
29,200
PAVO Youth Led
500
500
Community Facilities
299,625
299,625
COF Subsidy
8,350
8,350
Arts Council
75,656
MM Peer Support
7,098
2,724
2,868
Tesco stronger starts Mum
1,125
1,500
Tesco stronger starts Youth
1,000
1,000
Counselling
8558
4815
PAVO Numeracy 2
1,500
1,500
PAVO Numeracy 3
2,963
2,963
PAVO Numeracy
9,166
9,166
ASCIS 2
9,000
7,872
Children in need
4,843
1,356
WG Child Poverty
1,497
ASCIS
2,500
2,500
Community Matters
4,852
4,852
Newydd
2,548
1,848
PCC warm
985
985
Henry Smith
19,900
60,000
59,963
Mind TISF
22,500
Total Restricted Funds
114,475
1,251,203
1,208,173
267,547		 Total
Funds
128,202
299,536
(1,368)
426,370
At 31 Mar
2025
17,139
(1,723)
-
-
(45,502)
-
-
(14,850)
-
(49,684)
1,544
2,113
-
-
-
-
(75,656)
6,955
(375)
-
3,743
-
-
-
1,128
3,487
(1,497)
-
-
700
-
19,937
22,500
114,475
1,251,203
1,208,173
267,547		 (110,043)

15

Mid and North Powys Mind

Notes to the financial statements for the period 31st March 2025

Cont.
10 Movement in funds
Restricted Funds
Unrestricted Funds
Designated Funds
Total unrestricted funds
Total funds		 At 1 April
Incoming
Outgoing
Transfers
At 31 Mar
2024
Resources
Resources
2025
90,959
107,487
115,961
267,547
350,032
204,129
17,748
186,381
295,088
107,487
133,709
267,547
536,413
409,563
1,358,689
1,341,882
426,370

16