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2026-03-31-accounts

Charity registration number: 1167840 Company registration number: 10158044

MID AND NORTH POWYS MIND

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

MID AND NORTH POWYS MIND

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

CONTENTS

Page
Legal and Administrative Information
2-4 Report of the Trustees
5 Independent Examiner's Report
6 Statement of Financial Activities
(including Income and Expenditure Account}
7 Balance Sheet
8 Statement of Cash Flows
9 -19 Notes to the Financial Statements

MID AND NORTH POWYS MIND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026

LEGAL AND ADMINISTRATIVE DETAILS

Registered Charity Number: 1167840 Registered Company Number: 10158044 Registered Office: The Dance Centre Arlais Road Uandrindod Wells Powys LD1 SHE Trustees: Caroline Wilson Catherine Nunn Melissa Townsend Jeremy Andrews Noreen O'Connor David Horne (Appointed 09/12/2025) Kerry Hodges (Appointed 08/11/2025) Bankers: HSBC Bank pie Middleton Street Llandrindod Wells Powys LD1 SEU Independent Examiner: A C Jones BSc (Econ), FCA Andrew Jones & Co Chartered Accountants The Old Surgery Spa Road Llandrindod Wells Powys LD1 SEY

1

MID AND NORTH POWYS MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026

The Trustees present their annual report with the Financial Statements of the company for the year ended 31 March 2026.

The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the memorandum and Articles of Association, Accounting and reporting by Charities: Statement of recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS102) {effective 1 January 2015) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Structure, Governance and Management

Mid and North Powys Mind is a registered charity, number 1167840 and is a private company limited by guarantee and not having a share capital, number 10158044, which was incorporated on 1 May 2016 and governed by its Memorandum and Articles of Association dated 13 July 2023.

Trustees recruitment and appointment

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

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

The Articles of Association state:

Process

All new Trustees will be appointed through a process of application, short listing and interview by a small panel, followed by recommendation to the Board of Trustees. All Trustees are subject to satisfactory references. Occasionally existing Trustees 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 Trustees.

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

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

Objectives

To promote and protect the mental health and wellbeing of all persons, primarily but not exclusively, residing in Radnorshire, north Brecknockshire and Montgomeryshire:

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.

2

MID AND NORTH POWYS MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026

Achievements and Performance

Mid and North 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:

Recovery 1: 1 Support Wellbeing Centre

Youth Services, including work in schools (ages 11-25)

Counselling Mums Matter perinatal support service

Training

Peer support groups - we facilitate a range of groups including Tai Chi, Art, Craft, walk and talk groups Bereavement Service (age 4+)

Future Plans

Mid and North Powys Mind was successful in securing capital funds to purchase and redevelop its new property in Llandrindod Wells, that is the organisation's main base. Mind lease parts of this building to 2 other not for profit organisations and want to build on the partnership with these organisations (lmpelo and Breathe studio) by securing funding for joint projects and activities to benefit the local community.

Mid and North Powys Mind also intend to work towards further diversifying its income streams to help the organisation to be more sustainable in the future.

Financial Review

Total Incoming Resources in the year were £761,372 (2025 - £1,408,867). Expenditure was £757,954 compared to £799,100 for the previous year. Net income for the year was £3,418 compared to net income of £609,767 for the previous year. The net movement in funds were net income for Restricted Funds of £20,258 (2025 - Net income £111,934) and net expenditure for Unrestricted Funds of £16,840 (2025 - Net income £497,833 ) details of which are provided in the notes to the Financial Statements.

Our funding for the year has been received from the following sources - Powys Teaching Health Board, Powys County Council, National Mind, Henry Smith foundation, Moondance Foundation, PCC Housing Support Grant, Welsh Government. Transforming Towns, Welsh Government Community Facilities Programme, PAVO, Newydd, Children in Need, Community Ownership Fund, National Lottery Awards for All, SJP Foundation, Compassionate Cymru and ASICS. Along with donations from various individuals.

Details of principal funding sources for the year ended 31 March 2026 are provided in note 2 of the Financial Statements.

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.

The Trustees 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 in a Designated Fund at a level which equates to approximately six months of core 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. At 31 March 2026 the amount held in the Designated Fund was £137,575 (2025 - £135,968) which the Trustees regularly review.

At 31 March 2026 the Charity also held Unrestricted Funds not committed or invested in tangible fixed assets, or held in Designated Funds, ('the free reserves') of £226,103 (2025 - £207,401).

3

MID AND NORTH POWYS MIND

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2026

Responsibilities of the Board of Trustees

The Trustees (who are also directors of Mid and North Powys Mind for the purposes of company law) are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these Financial Statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Report of the Trustees has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2015) and in accordance with special provisions of Part 15 to the Companies Act 2006 relating to small companies.

Approved by the Board of Trustees on 25 August 2026 and signed on its behalf by:

Catherine Nunn Chair

4

MID AND NORTH POWYS MIND

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MID AND NORTH POWYS MIND

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 31 March 2026.

Responsibilities and basis of report

As the Trustees of the Company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the ICAEW (the Institute of Chartered Accountants in England and Wales).

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me reasonable cause to believe:

1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  1. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination; and

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

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

A C Jones BSc (Econ) FCA Andrew Jones & Co Chartered Accountants The Old surgery Spa Road Llandrindod Wells Powys LD1 SEY

26 August 2026

5

MID AND NORTH POWYS MIND

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2026

INCOME
Note
Donations and Gifts
Charitable Activities
Other Trading Activities
Investment Income
TOTAL INCOME
2
EXPENDITURE
Charitable Activities
TOTAL EXPENDITURE
3
NET INCOME/(EXPENDITURE)
BEFORE TRANSFERS
Transfers Beteen Funds
5
NET INCOME/(EXPENDITURE) AND
NET MOVEMENT IN FUNDS FOR THE
YEAR
Total Funds Brought Forard
Total Funds Carried Forard		 Unrestricted
Funds

£
15,975
80,005
9,675
1,607
107,262
110,738
110,738
(3,476)
23,734
20,258
397,631
417,889		 Total
Funds
Restricted
Year Ended
Funds
31/3/2026
£
£
50
16,025
654,060
734,065
9,675
1,607
654,110
761,372
647,216
757,954
647,216
757,954
6,894
3,418
(23,734)
(16,840)
3,418
753,883
1,151,514
737,043
1,154,932		 Total
Funds
Year Ended
31/3/2025
Restated
£
5,619
1,381,759
18,375
3,114
1,408,867
799,100
799,100
609,767
609,767
541,747
1,151,514

The statement of financial activities includes all gains and losses recognised in the year.

All incoming resources and resources expended derive from continuing activities.

The notes on pages 9 to 19 form an integral part of these Financial Statements.

6

MID AND NORTH POWYS MIND

BALANCE SHEET AT 31 MARCH 2026

2026 2025
Restated
FIXED ASSETS Note £ £ £
£
Tangible Assets 6 709,435 671,399
709,435 671,399
CURRENT ASSETS
Debtors 7 76,175 189,287
Cash at Bank and In Hand 388,984 299,536
465,159 488,823
CURRENT LIABILITIES
Creditors falling due within one year 8 (19,662) (8,708)
NET CURRENT ASSETS 445,497 480,115
NET ASSETS 11 1,154,932 1,151,514
THE FUNDS OF THE CHARITY
Unrestricted Income Funds:
General Funds 224,865 207,603
Designated Funds 193,024 190,028
Unrestricted Funds 9 417,889 397,631
Restricted Funds 10 737,043 753,883
TOTAL FUNDS 11 1,154,932 1,151,514

For the year in question, the charitable company was entitled to exemption from an audit under section 477 of the Companies Act 2006.

The members have not required the charitable company to obtain an audit of its accounts for the year in question in accordance with section 4 76 of the Act.

The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the accounts.

Approved by the Trustees on 25 August 2026 and signed on their behalf by:

Catherine Nunn Chair

Company registration No. 10158044

The notes on pages 9 to 19 form an integral part of these Financial Statements.

7

MID AND NORTH POWYS MIND

STATEMENT OF CASH FLOWS AT 31 MARCH 2026

Total Funds Total Funds
31/03/2026 31/03/2025
Restated
£ £
Net income for the year 3,418 609,767
Adjustments for:
Depreciation charges 10,997 173
Interest from investments 1,607 3,114
(Increase) / decrease in debtors 113,112 (48,899)
Increase/ (decrease) in creditors 10,954 (15,701)
Net cash from operating activities 140,088 548,454
Cash flows from investing activities:
Interest from investments 1,607 3,114
Purchase of tangible fixed assets 49,033 671,197
Net cash used in investing activities 50,640 674,311
Changeincash and cash equivalents in the year 89,448 (125,857)
Cash and cash equivalents at the beginning of the year 299,536 425,393
Cash and cash equivalents at the end of the year 388,984 299,536

The notes on pages 9 to 19 form an integral part of these Financial Statements

8

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

1 ACCOUNTING POLICIES

Basis of Preparation

The Financial Statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)­ (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Companies Act 2006. The charity is not required to prepare a Statement of Cash Flows.

The charity constitutes a public benefit entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Preparation of Accounts on a Going Concern Basis

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

General Funds

These funds are available for the general purpose of the charity, to be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds

These are funds that can only be used for a particular restricted purpose within the objects of the charity. Restrictions arise when a specific donor or when the funds are raised for a particular purpose

Incoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable.

The charity is fortunate in the level of support it receives from volunteers, without which considerable expense would be incurred. It is not thought meaningful or practicable to put a monetary value on this support, but the trustees are extremely grateful to those who provide it.

Resources expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes VAT which cannot be recovered and is reported as part of the expenditure to which it relates.

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

Charitable activities

This includes all expenditure directly related to the aims of the charity.

Governance costs

These costs include the costs of governance arrangements, which relate to the general running of the charity as opposed to the direct management functions inherent in generating funds, service delivery and programme of project work. These include such items as external Independent Examination, legal advice for trustees, 10% of certain administrative overheads and 5% of the salary cost of the Co-CEO's for time spent on dealing with constitutional and statutory requirements.

Expenditure by the charity in the year has been split between Unrestricted Funds and Restricted Funds and analysed between charitable activities, governance costs and the cost of generating funds.

9

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

ACCOUNTING POLICIES (CONTINUED)

Tangible fixed assets

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

Freehold Property 2% on cost Equipment 25% reducing balance

The charity has adopted the cost model of valuation for the Freehold Property. The Freehold Property cost and improvements are to be written down to the current estimated market value of £180,000 over its useful life to the charity, which is estimated to be 50 years.

Cash and cash equivalents

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Basic financial liabilities

Liabilities are recognised in the Statement of Financial Activities as they become payable.

Retirements benefits

The charity operates a defined contribution scheme for the benefit of its employees. The assets of the scheme are held separately from those of the charity. Contributions payable are charged to the profit and loss account in the year they are payable.

Leases

Rental costs under operating leases are charged to the statement of financial activities in equal amounts over the period of the lease

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discount due.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party at the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discount due.

10

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

2 INCOME
Donations and Legacies:
Donations and Gifts
Income from Charitable Activities:
Grants Receivable
Other Trading Activities:
Training Courses
Rental Income and Room Hire
Insurance Contribution
Investment Income:
Interest Received
TOTAL INCOME		 Unrestricted
Funds
£
15,975
15,975
80,005
80,005
6,870
2,410
395
9,675,
1,607
1,607
107,262		 Restricted
Funds
£
50
50
654,060
654,060

654,110
Total
Funds
Year Ended
31/3/2026
£
16,025
16,025
734,065
734,065
6,870
2,410
395
9,675
1,607
1,607
761,372		 Total
Funds
Year Ended
31/3/2025
Restated
£
5,619
5,619
1,381,759
1,381,759
18,375
18,375
3,114
3,114
1,408,867

11

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

GRANTS Unrestricted Restricted Year Ended Year Ended
Funds Funds 31/3/2026 31/3/2025
Restated
Grants received in the year were as under: £ £ £ £
Powys Teaching Health Board 71,024 71,024 71,025
Powys County Council -Corecosts 8,981 8,981 8,981
Silvercloud Blended CBT 37,262 37,262 34,088
Welsh Government Bereavement 53,055 53,055 58,930
Welsh Government In-work Support Service 234,489 234,489 190,702
Transforming Towns 19,732 19,732 249,165
Powys Teaching Health Board Postvention 1,278
Housing Support Grant North 80,000 80,000 58,572
Housing Suppor Grant South 34,400 34,400 25,542
Share Prosperity Fund 144,060
Mind Cost of Living 24 -26 11,428 11,428 7,620
Youth Activities 100
PAVO Youth Led grant 500
Powys Teaching Health Board - Mums and Dads
Matter		 29,200
Welsh Government Community Facilities 299,625
lmpelo (Ar Council of Wales) 34,344 34,344 75,656
Mums Matter Peer Support 1,852 1,852 2,724
Credu Counselling 1,300 1,300
Tesco Stronger Starts - Mums Matter 1,500
Tesco Stronger Stars -Youth 1,000
PAVO Numeracy 2 1,500
PAVO Numeracy 3 2,963
PAVO Numeracy 9,166
Mind ASICS2 9,000
Children in Need 4,945 4,945 4,843
Welsh Government Child Poverty 26,769 26,769
Mind ASICS 1,000 1,000 973
Newydd 2,548
Community Matters 4,852
Powys County Council Warm Spaces 1,370 1,370 985
Powys County Council Child Poverty 1,497
Henr Smith 59,700 59,700 60,000
Mind TISF 27,500 27,500 22,500
Other Grants 400 400 484
Builth Town Council 600 600
Awards for All 19,831 19,831
Powys County Council - Playwork 1,083 1,083
St James's Place Charitable Foundation 2,500 2,500
Compassionate Cymru 500 500
80,005 654,060 734,065 1,381,579

12

MID AND NORTH POWYS MIND

NOTES TO THE FINAN CIAL STATEMENTS FORTHEYEARENDED31MARCH2026

3 EXPENDITURE
Unrestricted
Restricted
Funds
Funds
Costs Directly Allocated to Charitable
£
£
Activities:
Staff Salaries
64,421
441,045
Project Costs
4,745
100,411
Dance Centre Furnishings
4,730
Rent and Venue Hire
21,539
Utilities
1,629
4,806
Ofce Costs
10,959
13,916
insurance
6,144
7,888
Telephone and Internet
7,636
Repairs and Maintenance
8,099
Staf and Volunteer Expenses
1,210
22,886
Profe;sional Fees
2,318
172
Staf and Training Provision
2,026
3,958
Depreciation
51
10,946
Governance Costs (see below)
12,505
3,914
110,738
647,216
GOVERNANCE COSTS
Unrestricted
Restricted
Funds
Funds
£
£
Staf Salaries
4,673
Rent
110
Utilities
181
534
Ofce Costs
1,218
1,546
Insurance
683
876
Telephone and Internet
848
Accountancy
5,100
Independent Examination Fee
600
Annual Filing Fee
50
12,505
3,914
Total Funds
Year Ended
31/3/2026
£
505,466
105,156
4,730
21,539
6,435
24,875
14,032
7,636
8,099
24,096
2,490
5,984
10,997
16,419
757,954
Total Funds
Year Ended
31/3/2026
£
4,673
110
715
2,764
1,559
848
5,100
600
50
16,419		 Total Funds
Year Ended
31/3/2025
Restated
£
462,287
232,075
25,834
2,182
10,839
11,323
1,122
25,109
4,168
13,821
173
10,167
799,100
Total Funds
Year Ended
31/3/2025
Restated
£
4,928
1,440
242
1,204
1,258
125
936
34
10,167

13

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

4 STAFF COSTS

The average number of employees in the year including part-time was 22 (2025 - 23), whose costs were as under:

31/03/2026 31/03/2025
Restated
£ £
Salaries 435,778 386,424
Employers National Insurance 38,181 36,128
Staff Pension Costs 36,180 44,663
510,139 467,215

No employee received remuneration amounting to more than £60,000 in the year.

5 TRANSFER BETWEEN FUNDS

The transfer between funds in the year are: Transfer of Core costs from Unrestricted Funds to Restricted Funds

Unrestricted Restricted
Funds Funds
Restated Restated
£ £
23,734 (23,734)
23,734 (23,734)
Freehold
TANGIBLE FIXED ASSETS
Propery
Equipment
(Restated)
Cost or Revaluation
£
£
At 1 April 2025
671,197
4,067
Additions
48,333
700
At 31 March 2026
719,530
4,767
Depreciation
At 1 April 2025
3,865
Charge for year
10,771
226
At 31 March 2026
10,771
4,091
Carrying Amount
At 31 March 2026
708,759
676
At 31 March 2025
671,197
202		 Total
£
675,264
49,033
724,297
3,865
10,997
14,862
709,435
671,399

6 TANGIBLE FIXED ASSETS

14

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

DEBTORS 2026 2025
Restated
£ £
Grants Receivable 75,446 189,287
Prepayments 729
76,175 189,287
CREDITORS: Amounts falling due within one year 2026 2025
Restated
£ £
Creditors 3,530
Deposits from Tenants 2,050
Shor Term Compensated Absence (Holiday Pay) 6,208 7,340
Accruals and Deferred Income 7,874 1,368
19,662 8,708

7 DEBTORS

8 CREDITORS: Amounts falling due within one year

9
MOVEMENT IN FUNDS
01/04/2025
Unrestricted Funds:
£
General Funds
207,603
Designated Funds:
Closure Costs
136,281
Building Fund
53,747
397,631
Restricted Funds
753,883
Total Funds
1,151,514
Comparative year (Restated)
01/04/2024
Unrestricted Funds:
£
General Funds
77,948
Designated Funds:
Closure Costs
115,602
Building Fund
92,147
285,697
Restricted Funds
256,050
Total Funds
541,747
Income
£
105,655
1,607
107,262
654,110
761,372
Income
£
103,175
3,114
106,289
1,302,578
1,408,867		 Expenditure
£
(110,738)
(110,738)
(647,216)
(757,954)
Expenditure
£
(95,501)
(95,501)
(703,599)
(799,100)
Transfers
£
22,345
1,389
23,734
(23,734)
Transfers
£
121,981
17,565
(38,400)
101,146
(101,146)		 31/03/2026
£
224,865
139,277
53,747
417,889
737,043
1,154,932
31/03/2025
£
207,603
136,281
53,747
397,631
753,883
1,151,514

15

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

10 RESTRICTED FUNDS
Restricted Income Funds:
Moondance
Blended CBT
Welsh Government Bereavement
Welsh Government IWSS
Supporting People Norh
Supporting People South
Mind Cost of Living 24-26
Youth Activities
lmpelo (Arts Council)
Mums Matter Peer Suppor
Credu Counselling
Mind ASICS 2
Children in Need
Welsh Government Child Povery
Newydd
Powys County Council Warm
Spaces
Henry Smith
Mind TISF
Knighton Hub
Builth Wells Centre
Wellbeing Centre
Builth Town Council
Awards for All
Powys County Council
St James's Place Charitable
Foundation
Compassionate Cymru
Restricted Capital Funds:
Building and Improvements
Laptop
Total Restricted Funds		 01/04/2025
Incoming
Outgoing
Restated
Resources
Resources
£
£
£
17,139
(17,140)
37,262
(37,262)
53,055
(53,055)
234,489
(209,089)
80,000
(80,000)
34,400
(34,400)
1,544
11,428
(12,972)
2,113
7,408
6,954
1,852
(6,104)
3,743
1,300
(2,014)
1,128
1,000
(2,128)
3,487
4,945
(5,558)
26,769
(26,069)
700
(700)
1,370
(1,370)
19,937
59,700
(79,637)
22,500
27,500
(50,000)
1,075
1,228
(210)
1,138
450
(854)
600
(60)
19,831
(13,565)
1,083
(1,083)
2,500
(2,500)
500
(500)
82,686
607,442
(636,270)
671,197
46,668
(10,771)
(175)
671,197
46,668
(10,946)
753,883
654,110
(647,216)
Transfers
£
1
(25,400)
(700)
(26,099)
1,665
700
2,365
(23,734)		 31/03/2026
£
2,113
7,408
2,702
3,029
2,874
1,075
1,018
734
540
6,266
27,759
708,759
525
709,284
737,043

Details of Restricted Funds are on pages 17 and 18.

16

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Purpose of Restricted Funds:

Housing Support Grant

Henry Smith Foundation

Silvercloud Blended CBT

In-work Support Service

Moondance Foundation Shared Prosperity Fund

Welsh Government Bereavement Service

Community Ownership Fund (COF)

Powys Teaching Health Board Mums and Dads

Powys Teaching Health Board Postvention

Mums Matter Peer

Counselling

Youth Activities

PAVO Youth Led Grant

ASICS

PAVO Numeracy

PAVO Numeracy 2 PAVO Numeracy 3

Children In Need

Tesco Stronger Starts Mums Matter

Tesco Stronger Starts Youth

Mind Cost of Living 24-26

Provision of specialist adult 1 :1 mental health support services to reduce the risk of homelessness in mid and north Powys

For the provision of our Mums Matter service, offering perinatal support via courses, peer support groups and 1 :1 interventions

To provide supported access to the Local health Board's online Silvercloud CBT platform by qualified Mental Health Practitioners who offer up to 6 sessions of guided CBT work

Services to support the mental and physical health and wellbeing of people aged over 16, living in Powys who are either employed or self-employed. Offering rapid access to 6 sessions of tailored support. In partnership with South Powys Mind and other external partners

Provision of specialist adult 1: 1 mental health support services

Provision of specialist adult 1 :1 mental health support services

One to one bereavement support for anyone in Powys aged 4+, in partnership with South Powys Mind and Bloomspace Foundation

Professional fees to support the purchase of a building

Research project looking at local and national provIsIon of perinatal services for Mothers and Fathers, in partnership with South Powys Mind and other external partners

Collaborative intervention work, responding to suicides in Powys

To provide a wide range of peer support groups for women in the perinatal period

Providing free talking therapies, for up to 12 sessions

Donation based, for the purchase of materials and activities for our Youth Service

To provide materials for use within our Youth Service

To run outdoor activity sessions, free of charge, creating opportunities for people to take part in activities that they would otherwise not be able to access

To support the activities of our peer support groups

To support the provision of Community Outreach Services

To support the provision of Community Outreach Services

To run a Youth Cafe for young people, aged 11-14

Peer support group costs for our perinatal Mums Matter service

Contribution towards the running of our Youth Service

To provide mental health and wellbeing training, as well as drop in sessions providing information and advice to help reduce the negative impact of the cost of living crisis within our local communities

Purchase and redevelopment of the Dance Centre in Llandrindod Wells

Transforming Towns

17

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

Community Facilities

Newydd

Powys County Council Child Poverty Community Matters

Powys County Council Warm Spaces

Arts Council Wales (via lmpelo)

Mind Trauma Informed Support Fund

Awards for All

Welsh Government Child Poverty Fund

Welsh Government Poverty Lived Experience Fund

Redevelopment of the Dance Centre in Llandrindod Wells

To support the running of our Community Outreach Services and outdoor activity sessions

To support the cost of providing a weekly peer support group for young people aged 16-25

To provide open access to a designated warm space, along with provision of warm packs

To provide open access to a designated warm space, along with provision of warm packs

Redevelopment of the Dance Centre in Llandrindod Wells, in order to renovate the space that lmpelo will use within the building

Provision of trauma informed services for girls, young women and non-binary people, aged 11-25

Provision of specialist adult 1: 1 mental health support services

Provision of services in north Powys for young people aged 11-25, with a focus on reducing poverty for children, young people and their families

Run public sessions to gather feedback on people's financial situation and the impact of living in poverty

Powys County Council Playworks

Compassionate Cymryu

St James's Place Charitable Foundation

To provide 4 free play sessions during the summer holidays for young people aged 11-15

Creative writing course Provision of Community Outreach Services

Powys County Council Warm Spaces

Builth Wells Town Council

Credu Counselling

Henry Smith Flex Fund

Enabling our Wellbeing Centre to become a warm space for our local community, offering free hot drinks, peer support and warm packs

To support the provision of Community Outreach Services

For the provision of counselling to unpaid carers

To be used flexibly, as the organisation sees fit. We used this for the provision of our Mums Matter service, offering -perinatal support via courses, peer support groups and 1:1 interventions, along with funding some of our core costs

Tangible
11 ANALYSIS OF NET ASSETS BETEEN FUNDS
Fixed
Unrestricted Funds:
General Funds
Designated Funds
Restricted Funds
Assets
£
151
151
709,284
709,435		 Net
current
Assets
£
224,714
193,024
417,738
27,759
445,497		 Total
£
224,865
193,024
417,889
737,043
1,154,932

18

•

MID AND NORTH POWYS MIND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

12 TRUSTEES REMUNERATION AND EXPENSES

No remuneration directly or indirectly out of the funds of the Charity was paid or payable in the year to any Trustee or to any person or persons known to be connected with any of them (2025 - £Nil).

One Trustee was paid expenses in the year ended 31 March 2026 of £349 (2025 - one Trustee £180).

13 TAXATION

The company is registered as a charity and is therefore not liable to Corporation Tax.

14 CONTINGENT LIABILITIES

There are contingent liabilities for funding received for the purchase and improvements of The Dance Centre, Arlais Road, Llandrindod Wells, Powys, LD1 SHE. There is a contingent liability by way of a legal charge relating to the property for a term of 5 years from the date of the final payment for the Welsh Government Community Facilities Grant. There is also a contingent liability for a grant received from the Arts Council of Wales for a period of 1 O years from the date that there is deemed to be practical completion and fit out of all project elements described in the construction contract for the project.

15 FINANCIAL STATEMENTS

The comparative figures including the opening balances where applicable, have been restated for Fixed Assets, Debtors, Creditors and Funds.

19