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ANDOVER MIND

Registered charity 1039094 · accounts filings on the Charity Commission register · also known as ANDOVER MIND LTD

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Latest income
£2.7m
Latest spending
£2.8m
Registered
1994
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity achieved an overall surplus of £74,580 for the year, adding to its total funds of £1,438,390. However, unrestricted reserves stood at £158,173, which is below the trustees' stated policy target of between £170,000 and £220,000. The trustees acknowledge concerns about the external environment and shrinking government funding, noting that efforts are being made to increase reserves back to the target level.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At March 2024, general funds totalled £158,173, which is below the reserves policy.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Knight Goodhead Limited. Discloses 4 of 6 completeness components.

Public fundraising profile: JustGiving — Andover Mind (matched by registered charity number).

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

Total income
£2.7m
Total spending
£2.8m
Cost of raising funds
£31k
Reserves (reported)
£417k
Employees
125

Reported reserves equal ~1.8 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

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

Operates in: Hampshire

Income and spending

Financial year endIncomeSpending
31/03/2025£2.7m£2.8m
31/03/2024£3.3m£3.2m
31/03/2023£3.1m£2.8m
31/03/2022£2.5m£2.2m
31/03/2021£2.2m£1.9m

Common questions

Is ANDOVER MIND financially healthy?

The accounts state that the charity achieved an overall surplus of £74,580 for the year, adding to its total funds of £1,438,390. However, unrestricted reserves stood at £158,173, which is below the trustees' stated policy target of between £170,000 and £220,000. The trustees acknowledge concerns about the external environment and shrinking government funding, noting that efforts are being made to increase reserves back to the target level. Its FY2024 accounts were audited by Knight Goodhead Limited.