Commercial in Confidence
Trustees’ Annual Report for the period
From 1 APRIL 2024 To 31 MARCH 2025
Charity name: MIND YSTRADGYNLAIS Charity registration number: 1175273
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The charity provides advice and support to empower anyone experiencing a mental health problem in Ystradgynlais and the surrounding areas. Mind Ystradgynlais is affiliated with Mind National Association for Mental Health and its purpose and activities are in accordance with the aims and objectives of Mind. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
During the year, the charity has contnued to deliver a broad range of services designed to promote mental health, emotonal wellbeing and community resilience. These have included: Psychotherapy, Ecotherapyand IWSS–providing accessible one-to- one and group therapeutc support, both in traditonal setngs and in nature-based environments, helping individuals to manage mental health challenges and improve personal resilience. Psychoeducaton and Wellbeing Workshops– ofering workshops on a wide range of topics to equip partcipants with knowledge and practcal tools for maintaining good mental health, emotonal regulaton, and healthier relatonships. This is also inclusive of workshops held on more practcal mater such as gas safety, with our partnership with Wales and West Utlites. Movement and Mind-Body |
Commercial in Confidence
| Practces– delivering regular yoga and tai chi sessions to support physical health, reduce stress, and encourage mindful practces that enhance overall wellbeing. Club Hubs– our community-led spaces which bring people together locally to reduce isolaton, build supportve peer networks, and provide a welcoming environment for meaningful connecton and shared actvity. Outdoors Wellbeing Initatve– including our “Ollie’s Moving Mountains” programme, which combines physical actvity, tme in nature and group challenge to improve confdence, self-esteem and mental resilience. Policy and Campaign Work– engaging with wider systems and stakeholders to raise awareness of mental health issues, advocate for beter support services, and infuence policy to beneft individuals and communites. Through these actvites, the charity has provided inclusive and accessible opportunites for individuals of all ages and backgrounds to improve their mental health and wellbeing, reduce isolaton, and build stronger, healthier communites. |
||
|---|---|---|
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment
Commercial in Confidence
including program related investment Volunteers continue to play a vital role in Para 1.38 the work of the charity, contributing their Contribution made by time, skills and energy across many areas volunteers of our activities. They support the delivery of therapeutic and wellbeing programmes, assist in running workshops and events, and provide essential help in the day-today operation of our services. Our volunteers also play an important part in the welcoming and supportive environment of our Club Hubs , offering a friendly first point of contact for participants and helping to foster a sense of belonging within the community. Others have given their time to support our outdoors wellbeing initiatives, accompanying groups on walks and activities, and ensuring that participants feel safe and encouraged. Beyond direct service delivery, volunteers have contributed to the governance and development of the charity through trustee roles, administrative support, fundraising efforts and helping to raise awareness of our work locally. The contribution of our volunteers not only extends the reach and impact of our services but also embodies the values of community, compassion and shared responsibility that underpin our work. We are deeply grateful for their commitment, without which many of our activities would not be possible. Other
Commercial in Confidence
Achievements and Performance
SORP reference The charity has made a meaningful Para 1.20 difference to the lives of individuals and communities by providing accessible mental health and wellbeing. Through psychotherapy, ecotherapy, psychoeducation, out IWSS service and a wide programme of wellbeing workshops, many beneficiaries have gained practical tools to manage stress, improve emotional regulation, and strengthen their personal resilience. Participants have reported feeling better equipped to cope with life’s challenges, leading to improved daily functioning, stronger relationships and enhanced overall wellbeing. Our regular yoga and tai chi sessions have offered safe, inclusive spaces for people to explore the connection between physical health and mental wellbeing. Meanwhile, our Club Hubs have continued to reduce loneliness and isolation by creating welcoming community spaces where individuals can connect, share experiences and develop supportive peer networks. This has been particularly valuable for those who might otherwise face barriers to accessing mental health support. The outdoors wellbeing initiative, including our Ollie’s Moving Mountains programme, has enabled participants to experience the combined benefits of physical activity, nature and group challenge. This has helped individuals build confidence and self-esteem while strengthening social connections. The initiative has also promoted the importance of green spaces and outdoor activity for mental health more broadly. A significant focus has also been the development of our forthcoming children’s
Commercial in Confidence
project , due to launch in autumn. Although not yet visible to the public, extensive work has been undertaken behind the scenes, underpinned by academic research, community consultation and direct involvement of children themselves. This preparatory phase has ensured that the project is firmly grounded in evidence and shaped by the voices of those it is designed to support, positioning it to deliver maximum impact once launched. Beyond direct services, the charity has engaged in policy and campaign work, raising awareness of mental health issues and advocating for improved support at both local and national levels. This work has amplified the voices of our beneficiaries and contributed to wider conversations about how society responds to mental health needs. Taken together, these achievements have not only improved the circumstances of individual beneficiaries but also delivered wider public benefit by fostering healthier, more resilient communities, reducing social isolation, and encouraging a more compassionate and proactive approach to mental health in society. Organisational Structure: The Board is made up of 7 trustees from a varied and diverse professional and personal background. Within the Board structure there are sub committees as set out below: Finance HR Comms Governance/Legal
Commercial in Confidence
Mental Health Community needs/lived experience There is also a clear structure with active and regular engagement between the chair and vice chair and wider board, both of which work closely with the operational team and CEO with open and clear lines of communication even between set meetings. Regular Board meetings There are Board meetings on a monthly basis, with occasional ad hoc meetings between times. There is a minimum yearly Board meeting schedule of 6 per year, however as an organisation we exceed this, and have in the period of this report have had 12 (with additional meetings also scheduled between). Major risks and management of those risks A Risk Register has been developed and approved by the board, and is reviewed quarterly by the Finance committee. Future Plans: In time the organisation is making considerations to branch outside of the MIND federated model in order to operate within a wider demographic. Current federated structures have on occasion been limiting not only in terms on community collaboration (due to the federation terms of agreement and designated domains), but also has been detrimental in access to funds which has been clearly documented in all relevant Board meeting minutes. Should this move be made, it is foreseen that funding opportunities will be significantly increased and be on benefit to the organisation, and more crucially the
Commercial in Confidence
people that we serve.
Additional information (optional) You may choose to include further statements where relevant about:
----- Start of picture text -----
Achievements against Para 1.41
objectives set
Performance of fundraising
activities against objectives Para 1.41
set
Investment performance Para 1.41
against objectives
Other
----- End of picture text -----
Commercial in Confidence
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | At the period end, the charity has funds of £73,935. The charity is in a stable financial position and can currently meet its obligations when they fall due. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | Any reserves held (restricted funds) are held to enable specific financial commitments to be met on time. |
| Amount of reserves held | Para 1.22 | £0 |
| Reasons for holding zero reserves |
Para 1.22 | Restricted funds were spent in full at the period end. |
| Details of fund materially in deficit |
Para 1.24 | N/A |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | N/A |
Additional information (optional)
You may choose to include further statements where relevant about:
The charity’s principal sources of funds (including any fundraising) |
Para 1.47 |
|
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Commercial in Confidence
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | CIO – Foundation |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is a CIO. |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The charity has undertaken a skills audit to identify skills still needed on Trustee Board. Any Trustee identified and who is interested in joining has a Welcome meeting with Chair, where an induction pack is shared and training needs are discussed (including safeguarding, governance, data protection and health and safety). Complete trustee checks (including DBS where appropriate) and complete eligibility form. Complete online trustee induction training and induction to the Mind network. Ability to appoint Trustee is via the Board via election by majority of existing Board. All trustees have recently undertaken training, and will be continuously developing within their skills over the coming months and years. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction and training of trustees |
Para 1.51 |
|
|---|---|---|
| The charity’s organisational structure and any wider network with which the charity works |
Para 1.51 | |
| Relationship with any related parties |
Para 1.51 | |
Commercial in Confidence
Other
Reference and Administrative details
| Charity name | Mind Ystradgynlais |
|---|---|
| Other name the charity uses | N/A |
| Registered charity number | 1175273 |
| Charity’s principal address | THE HEALTHY LIVING CENTRE 61-66 PENYBRYN YSTRADGYNLAIS SWANSEA SA9 1JB |
Commercial in Confidence
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| Karen Andrea Flanagan | ||||
| Andrew Morgan Jones | ||||
| Gareth David Brookes | ||||
| Adele Thomas | ||||
| Sarah Louise Davies | ||||
| Andrea Wilkins | 3/6/24 | |||
| Llian Cornish | 12/8/24 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Commercial in Confidence
Funds held as custodian trustees on behalf of others
Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (Optional information)
Donna James (CEO)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
N/A
Other optional information
Commercial in Confidence
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Donna James Signature(s) Donna James Full name(s) Andrew Morgan Jones Position (eg Secretary, Chair of Trustees ceo Chair, etc) Date 6/1/26
Charity registration number: 1161227
THE BLOOMSPACE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
THE BLOOMSPACE FOUNDATION
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2-5 |
| Statement of Trustees’ Responsibilities | 5 |
| Independent Examiner's report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-17 |
THE BLOOMSPACE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS
| Charity name | The BloomSpace Foundation |
|---|---|
| Charity registration number | 1175273 |
| Principle Office | The Healthy Living Centre |
| 61-66 Penybryn | |
| Ystradgynlais | |
| Swansea | |
| SA9 1JB | |
| Trustees | A Morgan Jones - Chair |
| L Cornish | |
| A J Wilkins | |
| S L Davies | |
| A Thomas | |
| G D Brookes | |
| K A Flanagan | |
| Bankers |
The Co-operative Bank |
| Independent Examiner | Mitchell Associates Limited |
| St Davids House | |
| 48 Free Street | |
| Brecon | |
| Powys | |
| LD3 7BN |
Page 1
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 March 2025.
Structure, Governance and Management
The charity is a charitable incorporated organisation (CIO) and is controlled by its constitution on 20 October 2017, and as amended on 21 August 2025 and was formerly known as Ystradgynlais Mind.
Our Purpose and Activities
The charity provides advice and support to empower anyone experiencing a mental health problem in Ystradgynlais and the surrounding areas. Mind Ystradgynlais is affiliated with Mind National Association for Mental Health and its purpose and activities are in accordance with the aims and objectives of Mind.
During the year, the charity has continued to deliver a broad range of services designed to promote mental health, emotional wellbeing and community resilience. These have included:
Psychotherapy, Ecotherapy and IWSS – providing accessible one-to-one and group therapeutic support, both in traditional settings and in nature-based environments, helping individuals to manage mental health challenges and improve personal resilience.
Psychoeducation and Wellbeing Workshops – offering workshops on a wide range of topics to equip participants with knowledge and practical tools for maintaining good mental health, emotional regulation, and healthier relationships. This is also inclusive of workshops held on more practical matter such as gas safety, with our partnership with Wales and West Utilities.
Movement and Mind-Body Practices – delivering regular yoga and tai chi sessions to support physical health, reduce stress, and encourage mindful practices that enhance overall wellbeing.
Club Hubs – our community-led spaces which bring people together locally to reduce isolation, build supportive peer networks, and provide a welcoming environment for meaningful connection and shared activity.
Outdoors Wellbeing Initiative – including our “Ollie’s Moving Mountains” programme, which combines physical activity, time in nature and group challenge to improve confidence, self-esteem and mental resilience.
Policy and Campaign Work – engaging with wider systems and stakeholders to raise awareness of mental health issues, advocate for better support services, and influence policy to benefit individuals and communities. Through these activities, the charity has provided inclusive and accessible opportunities for individuals of all ages and backgrounds to improve their mental health and wellbeing, reduce isolation, and build stronger, healthier communities.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.
Volunteers
Volunteers continue to play a vital role in the work of the charity, contributing their time, skills and energy across many areas of our activities. They support the delivery of therapeutic and wellbeing programmes, assist in running workshops and events, and provide essential help in the day-to-day operation of our services.
Page 2
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Our volunteers also play an important part in the welcoming and supportive environment of our Club Hubs, offering a friendly first point of contact for participants and helping to foster a sense of belonging within the community. Others have given their time to support our outdoors wellbeing initiatives, accompanying groups on walks and activities, and ensuring that participants feel safe and encouraged.
Beyond direct service delivery, volunteers have contributed to the governance and development of the charity through trustee roles, administrative support, fundraising efforts and helping to raise awareness of our work locally.
The contribution of our volunteers not only extends the reach and impact of our services but also embodies the values of community, compassion and shared responsibility that underpin our work. We are deeply grateful for their commitment, without which many of our activities would not be possible.
Achievements and Performance
The charity has made a meaningful difference to the lives of individuals and communities by providing accessible mental health and wellbeing. Through psychotherapy, ecotherapy, psychoeducation, out IWSS service and a wide programme of wellbeing workshops, many beneficiaries have gained practical tools to manage stress, improve emotional regulation, and strengthen their personal resilience. Participants have reported feeling better equipped to cope with life’s challenges, leading to improved daily functioning, stronger relationships and enhanced overall wellbeing.
Our regular yoga and tai chi sessions have offered safe, inclusive spaces for people to explore the connection between physical health and mental wellbeing. Meanwhile, our Club Hubs have continued to reduce loneliness and isolation by creating welcoming community spaces where individuals can connect, share experiences and develop supportive peer networks. This has been particularly valuable for those who might otherwise face barriers to accessing mental health support.
The outdoors wellbeing initiative, including our Ollie’s Moving Mountains programme, has enabled participants to experience the combined benefits of physical activity, nature and group challenge. This has helped individuals build confidence and self-esteem while strengthening social connections. The initiative has also promoted the importance of green spaces and outdoor activity for mental health more broadly.
A significant focus has also been the development of our forthcoming children’s project, due to launch in autumn. Although not yet visible to the public, extensive work has been undertaken behind the scenes, underpinned by academic research, community consultation and direct involvement of children themselves. This preparatory phase has ensured that the project is firmly grounded in evidence and shaped by the voices of those it is designed to support, positioning it to deliver maximum impact once launched.
Beyond direct services, the charity has engaged in policy and campaign work, raising awareness of mental health issues and advocating for improved support at both local and national levels. This work has amplified the voices of our beneficiaries and contributed to wider conversations about how society responds to mental health needs.
Taken together, these achievements have not only improved the circumstances of individual beneficiaries but also delivered wider public benefit by fostering healthier, more resilient communities, reducing social isolation, and encouraging a more compassionate and proactive approach to mental health in society.
Page 3
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The Board is made up of 7 trustees from a varied and diverse professional and personal background. Within the Board structure there are sub committees as set out below:
-
Finance
-
HR
-
Comms
-
Governance/Legal
-
Mental Health
-
Community needs/lived experience
There is also a clear structure with active and regular engagement between the chair and vice chair and wider board, both of which work closely with the operational team and CEO with open and clear lines of communication even between set meetings.
Regular Board meetings
There are Board meetings on a monthly basis, with occasional ad hoc meetings between times. There is a minimum yearly Board meeting schedule of 6 per year, however as an organisation we exceed this, and have in the period of this report have had 12 (with additional meetings also scheduled between).
Recruitment and appointment of trustees
The charity has undertaken a skills audit to identify skills still needed on Trustee Board. Any Trustee identified and who is interested in joining has a Welcome meeting with Chair, where an induction pack is shared and training needs are discussed (including safeguarding, governance, data protection and health and safety).
Complete trustee checks (including DBS where appropriate) and complete eligibility form.
Complete online trustee induction training and induction to the Mind network.
Ability to appoint Trustee is via the Board via election by majority of existing Board.
All trustees have recently undertaken training, and will be continuously developing within their skills over the coming months and years.
Major risks and management of those risks
A Risk Register has been developed and approved by the board, and is reviewed quarterly by the Finance committee.
Future Plans:
In time the organisation is making considerations to branch outside of the MIND federated model in order to operate within a wider demographic. Current federated structures have on occasion been limiting not only in terms on community collaboration (due to the federation terms of agreement and designated domains), but also has been detrimental in access to funds which has been clearly documented in all relevant Board meeting minutes. Should this move be made, it is foreseen that funding opportunities will be significantly increased and be on benefit to the organisation, and more crucially the people that we serve.
Page 4
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Financial Review
At the year-end, the charity has funds of £25,295. The charity is in a stable financial position and can currently meet its obligations when they fall due.
Reserves
Any reserves held (restricted funds) are held to enable specific financial commitments to be met on time. The restricted funds were fully spent in the year.
Trustees’ responsibilities in relation to the financial statements
The Trustees are responsible for preparing the trustee’s report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdon Generally Accepted Accounting Practice) and applicable laws and regulations.
The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditors:
In so far as the Trustees are aware at the time of approving our Trustees’ annual report:
-
there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group’s auditor is unaware, and
-
the Trustees, having made enquiries of fellow directors and the group’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
By order of the Board of Trustees
A Morgan Jones Chair of Trustees
Date: 22 January 2026
P age 5
THE BLOOMSPACE FOUNDATION
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BLOOMSPACE FOUNDATION
I report to the trustees on my examination of the accounts of The BloomSpace Foundation for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of The BloomSpace Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The BloomSpace Foundation 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come 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 BloomSpace Foundation as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Mitchell ACA BFP
Mitchell Associates Limited
Chartered Accountants
St Davids House
48 Free Street
Brecon
LD3 7BN
Date: 22 January 2026
Page 6
THE BLOOMSPACE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 4 Other income Total Income Expenditure on : Charitable activities 6 Total expenditure Net income/(Expenditure) Net Movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 93,396 21,771 2,251 117,418 (164,661) (164,661) (47,243) (47,243) 72,538 25,295 |
Restricted Funds £ 43,268 - - 43,268 (43,268) (43,268) - - - - |
Total 2025 £ 136,664 21,771 2,251 160,686 (207,929) (207,929) (47,243) (47,243) 72,538 25,295 |
Total 2024 £ 55,548 120,238 - |
|---|---|---|---|---|
| 175,786 | ||||
| (199,246) | ||||
| (199,246) | ||||
| (24,460) | ||||
| (23,460) 95,998 |
||||
| 72,538 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19
Page 7
THE BLOOMSPACE FOUNDATION
(REGISTRATION NUMBER: 1161227)
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed Assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand 14 Creditors: Amounts falling due within one year 15 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 14 |
2025 £ 1,506 828 52,023 52,851 (29,062) 23,789 25,295 - 25,295 25,295 |
2024 £ 2,341 1,777 73,935 |
|---|---|---|
| 75,712 (5,515) |
||
| 70,197 | ||
| 72,538 | ||
| - 72,538 |
||
| 72,538 |
The financial statements on pages 10 to 22 were approved by the trustees, and authorised for issue on 22 January 2026 and signed on their behalf by
D James – CEO
A Morgan Jones
Page 8
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The BloomSpace Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Changes in accounting policy
The accounting policy of the accruals basis has been adopted for these accounts and the comparatives recalculated from the cash basis.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 9
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £150.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Computer and office Equipment | 3 years S/L |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 10
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. They are recognised initially at the transaction price.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations and legacies: Donations Grants |
Unrestricted Funds General £ 14,571 78,825 93,396 |
Restricted Funds £ - 43,268 43,268 |
Total 2025 Total 2024 £ £ 14,571 6,331 122,093 145,882 136,664 152,213 |
|---|---|---|---|
Page 11
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
3 Grants
| Unrestricted Funds £ National Lottery Community Fund - Powys CC 8,981 Mind London 7,619 Postcode Community Trust 25,000 Powys Teaching Health Board 37,225 78,825 Income from charitable activities Unrestricted Funds £ Service level agreement 21,771 21,771 |
Restricted Funds £ 43,268 - - - - 43,268 Restricted Funds £ - - |
Total funds 2025 Total Funds 2024 £ £ 43,268 - 8,981 14,190 7,619 - 25,000 - 37,225 41,358 122,093 55,548 Total funds 2025 Total Funds 2024 £ £ 21,771 123,238 21,771 123,238 |
|---|---|---|
-
4 Income from charitable activities
-
5 Income from other trading activities
| Rental Income | Unrestricted Funds £ 2,251 2,251 |
Total funds 2025 Total Funds 2024 £ £ 2,251 - 2,251 - |
|---|---|---|
Page 12
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
6 Expenditure on charitable activities
| Direct costs Staff costs Allocated support costs Governance costs |
Unrestricted Funds £ 5,925 111,578 43,942 3,216 164,661 |
Restricted Funds £ - 43,268 - - 43,268 |
Total funds 2025 Total Funds 2024 £ £ 5,925 5,540 154,846 150,795 43,942 40,911 3,216 2.,000 207,929 199,246 |
|---|---|---|---|
7 Analysis of governance and support costs
| Analysis of governance and support costs | ||||
|---|---|---|---|---|
| Independent examiner fee Analysis of support costs Cleaning Utilities Insurance and Affiliations Repairs and Maintenance Rent and Rates Postage, Printing and Stationery Subscription Website costs Accountancy Prof Fees Sundry Travel Depreciation |
Restricted Funds £ Charitable Activity £ 762 5,188 7,665 7,150 4,956 474 1,978 2,160 7,200 300 4,905 57 1,145 43,942 |
Restricted Funds £ |
Total funds 2025 £ - 3,216 Total 2025 £ 762 5,188 7,665 7,150 4,957 474 1,978 2,160 7,200 301 4,905 57 1,145 43,942 |
Total Funds 2024 £ 2,000 Total 2024 £ 1,270 12,234 6,380 4,058 5,220 2,102 1,363 4,940 - 1,783 331 420 810 |
| 40,911 |
Page 13
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
8 Net incoming/outgoing resources
Net(outgoing)/incoming resources for the year include:
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Depreciation of fixed assets | 1,145 | 810 |
9 Trustees remuneration and expenses
No trustees, nor any person connected with them, have received any remuneration from the charity during the year.
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other costs |
2025 2024 £ £ 143,475 143,019 7,912 4,045 3,319 140 2,882 849 154,846 150,795 |
|---|---|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2025 | 2024 | |||
|---|---|---|---|---|
| No | No | |||
| Charitable activities | 7 | 8 |
5 (2024 - 5) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £77,339 (2024 - £50,353).
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 14
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
12 Tangible fixed assets
Computer Equipment
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2024 At 31 March 2025 |
£ 3,151 310 3,461 810 1,145 1,955 2,341 1,506 |
Total £ 3,151 310 |
|---|---|---|
| 3,461 | ||
| 810 1,145 |
||
| 1,955 | ||
| 2,341 | ||
| 1,506 |
13 Debtors
| Trade debtors Prepayments and accrued income Cash and cash equivalents Cash at bank |
2025 2024 £ £ - 1,597 828 180 828 1,777 2025 2024 £ £ 52,023 73,935 |
|---|---|
14 Cash and cash equivalents
Page 15
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
15 Creditors: amounts falling due within one year
| Other taxation and social security Pension contributions unpaid Creditors and Accruals |
2025 2024 £ £ 3,638 2,481 1,517 1,094 23,907 1,940 29,062 5,515 |
|---|---|
16 Commitments
Other financial commitments
Equipment Hire totalling £539 per annum and which is due to end in October 2026 The total amount of other financial commitments not provided in the financial statements was £808. (2024 - £1,347).
17 Funds
| Unrestricted funds General fund Restricted funds National Lottery Community Fund Total restricted funds Total funds |
Balance as 1 April 2024 £ 72,538 - - 72,538 |
Incoming resources £ 117,418 43,268 43,268 223,939 |
Resources expended Balance at 31 March 2025 £ £ (164,661) 25,295 (43,268) - (43,268) - (207,929) 25,295 |
|---|---|---|---|
The specific purposes for which the funds are to be applied are as follows:
National Lottery Community Fund – represents funding over 5 years towards Mind Hub Clubs.
Page 16
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Balance | Balance | as | Incoming | Resources | Balance at |
|---|---|---|---|---|---|
| 1 | April | resources | expended | 31 | |
| 2023 | March | ||||
| 2024 | |||||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 95,998 | 175,786 | (199,246) | 72,538 |
|
| Total funds | 95,998 | 175,786 | (199,246) | 72,538 | |
| 18 Analysis of net asset between funds | |||||
| Unrestricted | Restricted | Total funds at 31 | |||
| funds | funds | March | |||
| 2025 | |||||
| £ | £ | £ | |||
| Tangible fixed assets | 1,506 | - | 1,506 | ||
| Net Assets/(liabilities) | 23,789 | - | 23,789 | ||
| Total net assets | 25,295 | - | 25,295 |
Page 17
Charity registration number: 1161227
THE BLOOMSPACE FOUNDATION
ANNUAL REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2025
THE BLOOMSPACE FOUNDATION
CONTENTS
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2-5 |
| Statement of Trustees’ Responsibilities | 5 |
| Independent Examiner's report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-17 |
THE BLOOMSPACE FOUNDATION REFERENCE AND ADMINISTRATIVE DETAILS
| Charity name | The BloomSpace Foundation |
|---|---|
| Charity registration number | 1175273 |
| Principle Office | The Healthy Living Centre |
| 61-66 Penybryn | |
| Ystradgynlais | |
| Swansea | |
| SA9 1JB | |
| Trustees | A Morgan Jones - Chair |
| L Cornish | |
| A J Wilkins | |
| S L Davies | |
| A Thomas | |
| G D Brookes | |
| K A Flanagan | |
| Bankers |
The Co-operative Bank |
| Independent Examiner | Mitchell Associates Limited |
| St Davids House | |
| 48 Free Street | |
| Brecon | |
| Powys | |
| LD3 7BN |
Page 1
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees are pleased to present their annual report together with the financial statements of the charity for the year ending 31 March 2025.
Structure, Governance and Management
The charity is a charitable incorporated organisation (CIO) and is controlled by its constitution on 20 October 2017, and as amended on 21 August 2025 and was formerly known as Ystradgynlais Mind.
Our Purpose and Activities
The charity provides advice and support to empower anyone experiencing a mental health problem in Ystradgynlais and the surrounding areas. Mind Ystradgynlais is affiliated with Mind National Association for Mental Health and its purpose and activities are in accordance with the aims and objectives of Mind.
During the year, the charity has continued to deliver a broad range of services designed to promote mental health, emotional wellbeing and community resilience. These have included:
Psychotherapy, Ecotherapy and IWSS – providing accessible one-to-one and group therapeutic support, both in traditional settings and in nature-based environments, helping individuals to manage mental health challenges and improve personal resilience.
Psychoeducation and Wellbeing Workshops – offering workshops on a wide range of topics to equip participants with knowledge and practical tools for maintaining good mental health, emotional regulation, and healthier relationships. This is also inclusive of workshops held on more practical matter such as gas safety, with our partnership with Wales and West Utilities.
Movement and Mind-Body Practices – delivering regular yoga and tai chi sessions to support physical health, reduce stress, and encourage mindful practices that enhance overall wellbeing.
Club Hubs – our community-led spaces which bring people together locally to reduce isolation, build supportive peer networks, and provide a welcoming environment for meaningful connection and shared activity.
Outdoors Wellbeing Initiative – including our “Ollie’s Moving Mountains” programme, which combines physical activity, time in nature and group challenge to improve confidence, self-esteem and mental resilience.
Policy and Campaign Work – engaging with wider systems and stakeholders to raise awareness of mental health issues, advocate for better support services, and influence policy to benefit individuals and communities. Through these activities, the charity has provided inclusive and accessible opportunities for individuals of all ages and backgrounds to improve their mental health and wellbeing, reduce isolation, and build stronger, healthier communities.
Public Benefit
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning future activities.
Volunteers
Volunteers continue to play a vital role in the work of the charity, contributing their time, skills and energy across many areas of our activities. They support the delivery of therapeutic and wellbeing programmes, assist in running workshops and events, and provide essential help in the day-to-day operation of our services.
Page 2
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Our volunteers also play an important part in the welcoming and supportive environment of our Club Hubs, offering a friendly first point of contact for participants and helping to foster a sense of belonging within the community. Others have given their time to support our outdoors wellbeing initiatives, accompanying groups on walks and activities, and ensuring that participants feel safe and encouraged.
Beyond direct service delivery, volunteers have contributed to the governance and development of the charity through trustee roles, administrative support, fundraising efforts and helping to raise awareness of our work locally.
The contribution of our volunteers not only extends the reach and impact of our services but also embodies the values of community, compassion and shared responsibility that underpin our work. We are deeply grateful for their commitment, without which many of our activities would not be possible.
Achievements and Performance
The charity has made a meaningful difference to the lives of individuals and communities by providing accessible mental health and wellbeing. Through psychotherapy, ecotherapy, psychoeducation, out IWSS service and a wide programme of wellbeing workshops, many beneficiaries have gained practical tools to manage stress, improve emotional regulation, and strengthen their personal resilience. Participants have reported feeling better equipped to cope with life’s challenges, leading to improved daily functioning, stronger relationships and enhanced overall wellbeing.
Our regular yoga and tai chi sessions have offered safe, inclusive spaces for people to explore the connection between physical health and mental wellbeing. Meanwhile, our Club Hubs have continued to reduce loneliness and isolation by creating welcoming community spaces where individuals can connect, share experiences and develop supportive peer networks. This has been particularly valuable for those who might otherwise face barriers to accessing mental health support.
The outdoors wellbeing initiative, including our Ollie’s Moving Mountains programme, has enabled participants to experience the combined benefits of physical activity, nature and group challenge. This has helped individuals build confidence and self-esteem while strengthening social connections. The initiative has also promoted the importance of green spaces and outdoor activity for mental health more broadly.
A significant focus has also been the development of our forthcoming children’s project, due to launch in autumn. Although not yet visible to the public, extensive work has been undertaken behind the scenes, underpinned by academic research, community consultation and direct involvement of children themselves. This preparatory phase has ensured that the project is firmly grounded in evidence and shaped by the voices of those it is designed to support, positioning it to deliver maximum impact once launched.
Beyond direct services, the charity has engaged in policy and campaign work, raising awareness of mental health issues and advocating for improved support at both local and national levels. This work has amplified the voices of our beneficiaries and contributed to wider conversations about how society responds to mental health needs.
Taken together, these achievements have not only improved the circumstances of individual beneficiaries but also delivered wider public benefit by fostering healthier, more resilient communities, reducing social isolation, and encouraging a more compassionate and proactive approach to mental health in society.
Page 3
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
The Board is made up of 7 trustees from a varied and diverse professional and personal background. Within the Board structure there are sub committees as set out below:
-
Finance
-
HR
-
Comms
-
Governance/Legal
-
Mental Health
-
Community needs/lived experience
There is also a clear structure with active and regular engagement between the chair and vice chair and wider board, both of which work closely with the operational team and CEO with open and clear lines of communication even between set meetings.
Regular Board meetings
There are Board meetings on a monthly basis, with occasional ad hoc meetings between times. There is a minimum yearly Board meeting schedule of 6 per year, however as an organisation we exceed this, and have in the period of this report have had 12 (with additional meetings also scheduled between).
Recruitment and appointment of trustees
The charity has undertaken a skills audit to identify skills still needed on Trustee Board. Any Trustee identified and who is interested in joining has a Welcome meeting with Chair, where an induction pack is shared and training needs are discussed (including safeguarding, governance, data protection and health and safety).
Complete trustee checks (including DBS where appropriate) and complete eligibility form.
Complete online trustee induction training and induction to the Mind network.
Ability to appoint Trustee is via the Board via election by majority of existing Board.
All trustees have recently undertaken training, and will be continuously developing within their skills over the coming months and years.
Major risks and management of those risks
A Risk Register has been developed and approved by the board, and is reviewed quarterly by the Finance committee.
Future Plans:
In time the organisation is making considerations to branch outside of the MIND federated model in order to operate within a wider demographic. Current federated structures have on occasion been limiting not only in terms on community collaboration (due to the federation terms of agreement and designated domains), but also has been detrimental in access to funds which has been clearly documented in all relevant Board meeting minutes. Should this move be made, it is foreseen that funding opportunities will be significantly increased and be on benefit to the organisation, and more crucially the people that we serve.
Page 4
THE BLOOMSPACE FOUNDATION
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Financial Review
At the year-end, the charity has funds of £25,295. The charity is in a stable financial position and can currently meet its obligations when they fall due.
Reserves
Any reserves held (restricted funds) are held to enable specific financial commitments to be met on time. The restricted funds were fully spent in the year.
Trustees’ responsibilities in relation to the financial statements
The Trustees are responsible for preparing the trustee’s report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdon Generally Accepted Accounting Practice) and applicable laws and regulations.
The law applicable to charities 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Statement as to disclosure to our auditors:
In so far as the Trustees are aware at the time of approving our Trustees’ annual report:
-
there is no relevant information, being information needed by the auditor in connection with preparing their report, of which the group’s auditor is unaware, and
-
the Trustees, having made enquiries of fellow directors and the group’s auditor that they ought to have individually taken, have each taken all steps that he/she is obliged to take as a director in order to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information.
By order of the Board of Trustees
A Morgan Jones Chair of Trustees
Date: 22 January 2026
P age 5
THE BLOOMSPACE FOUNDATION
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE BLOOMSPACE FOUNDATION
I report to the trustees on my examination of the accounts of The BloomSpace Foundation for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity trustees of The BloomSpace Foundation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the The BloomSpace Foundation 's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come 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 BloomSpace Foundation as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
James Mitchell ACA BFP
Mitchell Associates Limited
Chartered Accountants
St Davids House
48 Free Street
Brecon
LD3 7BN
Date: 22 January 2026
Page 6
THE BLOOMSPACE FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
| Note Income and Endowments from: Donations and legacies 2 Charitable activities 4 Other income Total Income Expenditure on : Charitable activities 6 Total expenditure Net income/(Expenditure) Net Movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds £ 93,396 21,771 2,251 117,418 (164,661) (164,661) (47,243) (47,243) 72,538 25,295 |
Restricted Funds £ 43,268 - - 43,268 (43,268) (43,268) - - - - |
Total 2025 £ 136,664 21,771 2,251 160,686 (207,929) (207,929) (47,243) (47,243) 72,538 25,295 |
Total 2024 £ 55,548 120,238 - |
|---|---|---|---|---|
| 175,786 | ||||
| (199,246) | ||||
| (199,246) | ||||
| (24,460) | ||||
| (23,460) 95,998 |
||||
| 72,538 |
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 19
Page 7
THE BLOOMSPACE FOUNDATION
(REGISTRATION NUMBER: 1161227)
BALANCE SHEET AS AT 31 MARCH 2025
| Note Fixed Assets Tangible assets 12 Current assets Debtors 13 Cash at bank and in hand 14 Creditors: Amounts falling due within one year 15 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 14 |
2025 £ 1,506 828 52,023 52,851 (29,062) 23,789 25,295 - 25,295 25,295 |
2024 £ 2,341 1,777 73,935 |
|---|---|---|
| 75,712 (5,515) |
||
| 70,197 | ||
| 72,538 | ||
| - 72,538 |
||
| 72,538 |
The financial statements on pages 10 to 22 were approved by the trustees, and authorised for issue on 22 January 2026 and signed on their behalf by
D James – CEO
A Morgan Jones
Page 8
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
Basis of preparation
The BloomSpace Foundation meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Exemption from preparing a cash flow statement
The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Changes in accounting policy
The accounting policy of the accruals basis has been adopted for these accounts and the comparatives recalculated from the cash basis.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 9
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Governance costs
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses. Government grants Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Tangible fixed assets
Individual fixed assets costing £150.00 or more are initially recorded at cost.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Computer and office Equipment | 3 years S/L |
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 10
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. They are recognised initially at the transaction price.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Pensions and other post retirement obligations
The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2 Income from donations and legacies
| Donations and legacies: Donations Grants |
Unrestricted Funds General £ 14,571 78,825 93,396 |
Restricted Funds £ - 43,268 43,268 |
Total 2025 Total 2024 £ £ 14,571 6,331 122,093 145,882 136,664 152,213 |
|---|---|---|---|
Page 11
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
3 Grants
| Unrestricted Funds £ National Lottery Community Fund - Powys CC 8,981 Mind London 7,619 Postcode Community Trust 25,000 Powys Teaching Health Board 37,225 78,825 Income from charitable activities Unrestricted Funds £ Service level agreement 21,771 21,771 |
Restricted Funds £ 43,268 - - - - 43,268 Restricted Funds £ - - |
Total funds 2025 Total Funds 2024 £ £ 43,268 - 8,981 14,190 7,619 - 25,000 - 37,225 41,358 122,093 55,548 Total funds 2025 Total Funds 2024 £ £ 21,771 123,238 21,771 123,238 |
|---|---|---|
-
4 Income from charitable activities
-
5 Income from other trading activities
| Rental Income | Unrestricted Funds £ 2,251 2,251 |
Total funds 2025 Total Funds 2024 £ £ 2,251 - 2,251 - |
|---|---|---|
Page 12
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2024
6 Expenditure on charitable activities
| Direct costs Staff costs Allocated support costs Governance costs |
Unrestricted Funds £ 5,925 111,578 43,942 3,216 164,661 |
Restricted Funds £ - 43,268 - - 43,268 |
Total funds 2025 Total Funds 2024 £ £ 5,925 5,540 154,846 150,795 43,942 40,911 3,216 2.,000 207,929 199,246 |
|---|---|---|---|
7 Analysis of governance and support costs
| Analysis of governance and support costs | ||||
|---|---|---|---|---|
| Independent examiner fee Analysis of support costs Cleaning Utilities Insurance and Affiliations Repairs and Maintenance Rent and Rates Postage, Printing and Stationery Subscription Website costs Accountancy Prof Fees Sundry Travel Depreciation |
Restricted Funds £ Charitable Activity £ 762 5,188 7,665 7,150 4,956 474 1,978 2,160 7,200 300 4,905 57 1,145 43,942 |
Restricted Funds £ |
Total funds 2025 £ - 3,216 Total 2025 £ 762 5,188 7,665 7,150 4,957 474 1,978 2,160 7,200 301 4,905 57 1,145 43,942 |
Total Funds 2024 £ 2,000 Total 2024 £ 1,270 12,234 6,380 4,058 5,220 2,102 1,363 4,940 - 1,783 331 420 810 |
| 40,911 |
Page 13
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
8 Net incoming/outgoing resources
Net(outgoing)/incoming resources for the year include:
| 2025 | 2025 | 2024 | ||
|---|---|---|---|---|
| £ | £ | |||
| Depreciation of fixed assets | 1,145 | 810 |
9 Trustees remuneration and expenses
No trustees, nor any person connected with them, have received any remuneration from the charity during the year.
10 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other costs |
2025 2024 £ £ 143,475 143,019 7,912 4,045 3,319 140 2,882 849 154,846 150,795 |
|---|---|
The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:
| 2025 | 2024 | |||
|---|---|---|---|---|
| No | No | |||
| Charitable activities | 7 | 8 |
5 (2024 - 5) of the above employees participated in the Defined Contribution Pension Schemes.
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £77,339 (2024 - £50,353).
11 Taxation
The charity is a registered charity and is therefore exempt from taxation.
Page 14
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
12 Tangible fixed assets
Computer Equipment
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2024 At 31 March 2025 |
£ 3,151 310 3,461 810 1,145 1,955 2,341 1,506 |
Total £ 3,151 310 |
|---|---|---|
| 3,461 | ||
| 810 1,145 |
||
| 1,955 | ||
| 2,341 | ||
| 1,506 |
13 Debtors
| Trade debtors Prepayments and accrued income Cash and cash equivalents Cash at bank |
2025 2024 £ £ - 1,597 828 180 828 1,777 2025 2024 £ £ 52,023 73,935 |
|---|---|
14 Cash and cash equivalents
Page 15
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
15 Creditors: amounts falling due within one year
| Other taxation and social security Pension contributions unpaid Creditors and Accruals |
2025 2024 £ £ 3,638 2,481 1,517 1,094 23,907 1,940 29,062 5,515 |
|---|---|
16 Commitments
Other financial commitments
Equipment Hire totalling £539 per annum and which is due to end in October 2026 The total amount of other financial commitments not provided in the financial statements was £808. (2024 - £1,347).
17 Funds
| Unrestricted funds General fund Restricted funds National Lottery Community Fund Total restricted funds Total funds |
Balance as 1 April 2024 £ 72,538 - - 72,538 |
Incoming resources £ 117,418 43,268 43,268 223,939 |
Resources expended Balance at 31 March 2025 £ £ (164,661) 25,295 (43,268) - (43,268) - (207,929) 25,295 |
|---|---|---|---|
The specific purposes for which the funds are to be applied are as follows:
National Lottery Community Fund – represents funding over 5 years towards Mind Hub Clubs.
Page 16
THE BLOOMSPACE FOUNDATION
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Balance | Balance | as | Incoming | Resources | Balance at |
|---|---|---|---|---|---|
| 1 | April | resources | expended | 31 | |
| 2023 | March | ||||
| 2024 | |||||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 95,998 | 175,786 | (199,246) | 72,538 |
|
| Total funds | 95,998 | 175,786 | (199,246) | 72,538 | |
| 18 Analysis of net asset between funds | |||||
| Unrestricted | Restricted | Total funds at 31 | |||
| funds | funds | March | |||
| 2025 | |||||
| £ | £ | £ | |||
| Tangible fixed assets | 1,506 | - | 1,506 | ||
| Net Assets/(liabilities) | 23,789 | - | 23,789 | ||
| Total net assets | 25,295 | - | 25,295 |
Page 17