The purpose of the current study was to test a self‐compassion‐focussed mindfulness (SCFM) intervention for increasing self‐compassion and decreasing depressive symptoms, as well as to test the effect of initial self‐compassion as a possible moderator. Community volunteers participated in an SCFM group or in a control group and self‐reported at three points in time: at baseline (study, n = 73; control, n = 80), at the end of the 5‐week five‐session intervention (study, n = 57; control, n = 61) and at follow‐up 5 weeks later (study, n = 47; control, n = 50). The SCFM was a Hebrew adaptation based on a mindful self‐compassion programme, which is available online. The SCFM was held in person, in small groups (N < 20) over a 2‐month period. A four‐way interaction was found to be significant [F(2, 186) = 3.70, p = 0.027, η2p = 0.038]. Post hoc tests showed that those who were initially low on self‐compassion and participated in the SCFM experienced relief in their depressive symptoms and that their level of self‐compassion was increased. This implies that self‐compassion is a moderating trait, with the benefit of relieving suffering. By increasing the levels of self‐compassion in individuals, it is possible to improve their psychological health.