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Mind in Tower Hamlets, Newham and Redbridge

Registered charity 1006927 · accounts filings on the Charity Commission register · also known as MIND IN TOWER HAMLETS, MIND IN TOWER HAMLETS AND NEWHAM

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Latest income
£3.0m
Latest spending
£2.9m
Registered
1992
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a total operating surplus of £62,969 for the year ended 31 March 2025, following a decrease in total income to £3,012,442. Per the trustees' report, unrestricted reserves stood at £803,087, which is equivalent to 162% of the stated reserves policy target of £461,000. The charity remains financially robust with no material uncertainties regarding its ability to continue as a going concern.

What the accounts disclose

Highest-paid employee band: £90,001 - £100,000 — in the top quarter for charities its size (median £70k)
“1 employee earned (excluding employer national insurance and employer pension) between £90,000 and £100,000 during the year” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“1 employee earned (excluding employer national insurance and employer pension) between £90,000 and £100,000 during the year” — page 37
Per its FY2025 accounts as filed with the Charity Commission.
Reserves policy: £461,000 (held: £803k)
“Based on the budget for 2025/26 the Trustees have calculated a reserves target (as described above) of £411k to cover 25% shortfall in central costs of c. £411k pa for two years plus £50,000 being the Trustees’ assessment of a reasonable allowance for other unforeseen expenditure – totalling £461k.” — page 17
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £17k
“The Pension Trust reported a deficit of £16,950 to be paid over the next three years to March 2028” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Sayer Vincent LLP. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£3.0m
Total spending
£2.9m
Cost of raising funds
£37k
Reserves (reported)
£748k
Employees
69

Reported reserves equal ~3.1 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Newham · Redbridge · Tower Hamlets

Income and spending

Financial year endIncomeSpending
31/03/2025£3.0m£2.9m
31/03/2024£3.7m£3.5m
31/03/2023£3.3m£3.4m
31/03/2022£3.0m£2.9m
31/03/2021£2.5m£2.4m

Common questions

Is Mind in Tower Hamlets, Newham and Redbridge financially healthy?

The accounts state that the charity reported a total operating surplus of £62,969 for the year ended 31 March 2025, following a decrease in total income to £3,012,442. Per the trustees' report, unrestricted reserves stood at £803,087, which is equivalent to 162% of the stated reserves policy target of £461,000. The charity remains financially robust with no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Sayer Vincent LLP.

What does the highest-paid employee of Mind in Tower Hamlets, Newham and Redbridge earn?

Per its FY2025 accounts, the highest-paid employee was in the £90,001 - £100,000 band, and 1 employees earned over £60,000.