MID AND NORTH ESSEX MIND
Financial health, per its FY2023 accounts
The accounts state that net assets decreased slightly to £2,997,889, with unrestricted reserves standing at £2,755,054, which the trustees describe as a 'very healthy financial position'. The charity maintains a reserves policy of holding at least six months' operating costs, and its current unrestricted reserves exceed the stated target of £1,538,659.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2023 1” — page 31
“We continue our policy of holding a minimum amount in unrestricted reserves, equivalent to at least 6 months' operating costs. Based on the forecast for the year to 31.3.24, this is £1,538,659.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (09/05/2016)
Trustees
- Dr Ian Raymond La Touche Beaumontchair
- Heather Connery
- Jamie Hopkins
- Jill Purcell
- Louisa Brewster
- Peter Pushman
- Tristan Easey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £2.3m | £2.5m |
| 31/03/2024 | £2.7m | £2.7m |
| 31/03/2023 | £2.8m | £2.7m |
| 31/03/2022 | £2.9m | £1.6m |
| 31/03/2021 | £2.0m | £1.7m |
Common questions
Is MID AND NORTH ESSEX MIND financially healthy?
The accounts state that net assets decreased slightly to £2,997,889, with unrestricted reserves standing at £2,755,054, which the trustees describe as a 'very healthy financial position'. The charity maintains a reserves policy of holding at least six months' operating costs, and its current unrestricted reserves exceed the stated target of £1,538,659. Its FY2023 accounts were audited by Sayer Vincent LLP.