MQ: TRANSFORMING MENTAL HEALTH
The charity's main objectives for the period were to:1. Grow and develop the infrastructure of the charity; 2. Develop and implement a Fundraising Strategy;3. Develop and implement a Science Strategy and Knowledge Management infrastructure;
Financial health, per its FY2025 accounts
The accounts state that total funds increased to £6.70m, with free unrestricted reserves standing at £1.07m. This reserve level meets the charity's own policy target of covering six months of expenses, which was set at £1.06m based on the 2026 budget. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Philanthropic income was increased by 22% to £2.43m (2024: £2m) representing 73% of income (2024: 49%); of which £0.62m is from the US-based MQ Foundation.” — page 27
“fundraising expenditure £0.55m (2024: £0.51m) is kept at a competitive and appropriate proportion of expenditure.”
“The policy requires MQ Mental Health Research to hold reserves (unrestricted funds) to cover a minimum of six month’s expenses, based on the annual budget as agreed by the Board. This was set at £1.06m based on the 2026 budget excluding fixed assets.”
“Professor Rory O’Connor is a trustee of the Charity. The board approved a £25,000 consultancy work at Glasgow University where Professor Rory O’Connor was the principal investigator.” — page 48
“Aggregate donations from trustees were £39,151 (2024: £38,014).” — page 48
“Professor Rory O’Connor is a trustee of the Charity. The board approved a £25,000 consultancy work at Glasgow University where Professor Rory O’Connor was the principal investigator.” — page 48
“Aggregate donations from trustees were £39,151 (2024: £38,014).” — page 48
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Shahzad Malikchair
- Fabrizio Campelli
- James Edwin Palmer
- John A Herrmann Jr
- Kerstin Andrea Grosse
- Michael John Horvitz
- Professor Ann John
- Professor Catherine Jane Harmer
- Professor Rory O'Connor
- Sarah Woolnough
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.5m | £3.2m |
| 31/12/2024 | £4.3m | £3.2m |
| 31/12/2023 | £3.5m | £2.6m |
| 31/12/2022 | £3.5m | £2.7m |
| 31/12/2021 | £1.9m | £2.1m |
Common questions
Is MQ: TRANSFORMING MENTAL HEALTH financially healthy?
Per its FY2025 accounts: The accounts state that total funds increased to £6.70m, with free unrestricted reserves standing at £1.07m. This reserve level meets the charity's own policy target of covering six months of expenses, which was set at £1.06m based on the 2026 budget. The trustees and auditors confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Moore Kingston Smith LLP.
Who funds MQ: TRANSFORMING MENTAL HEALTH?
Funders whose own accounts filings name MQ: TRANSFORMING MENTAL HEALTH as a grant recipient include THE BARRY AND PEGGY HIGH FOUNDATION, THE VIRGIN FOUNDATION, THE STONEYGATE TRUST, THE CHERUBY TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE BARRY AND PEGGY HIGH FOUNDATION | FY2022 | £110k | |
| THE VIRGIN FOUNDATION | FY2024 | £75k | The first disbursement of a multi-year grant (2024–2026) totalling £150,743 to support the development of a leadership playbook for mental health and wellbeing. |
| THE STONEYGATE TRUST | FY2023 | £57k | |
| THE STONEYGATE TRUST | FY2025 | £45k | |
| THE STONEYGATE TRUST | FY2022 | £19k | |
| THE STONEYGATE TRUST | FY2024 | £7k | |
| THE CHERUBY TRUST | FY2025 | £3k | |
| THE CHERUBY TRUST | FY2023 | £2k | |
| THE CHERUBY TRUST | FY2024 | £2k | |
| THE CHERUBY TRUST | FY2026 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH) | 2 | £4.8m |
| ASSOCIATION OF NHS CHARITIES | 1 | £481k |
| FRIENDS OF THE YEATMAN HOSPITAL | 1 | £88k |
| THE FREDDIE GREEN AND FAMILY CHARITABLE FOUNDATION | 1 | £20k |
| CRH CHARITABLE TRUST | 1 | £8k |
| CLARK FOUNDATION | 1 | £6k |
| THE W A HANDLEY CHARITY TRUST | 1 | £5k |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | 1 | £2k |
Charities like this
- THE SANITA MERALI TRUST
- MIND IN BEXLEY AND EAST KENT LTD
- INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN
- SOMERSET NHS FOUNDATION TRUST CHARITABLE FUNDS
- MENTAL HEALTH MATTERS
- CHANGES HEALTH & WELLBEING
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MQ: TRANSFORMING MENTAL HEALTH | £3.5m | — | — | unclear | 19.8% | no doubt |
| THE SANITA MERALI TRUST | £1.0m | — | 0 | unclear | — | no doubt |
| MIND IN BEXLEY AND EAST KENT LTD | £6.8m | — | — | unclear | — | no doubt |
| INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN | £1.3m | — | 0 | unclear | — | no doubt |
| SOMERSET NHS FOUNDATION TRUST CHARITABLE FUNDS | £1.5m | £60,001 - £70,000 | 1 | unclear | 33.1% | no doubt |
| MENTAL HEALTH MATTERS | £28.2m | £110,001 - £120,000 | — | above | — | no doubt |