MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH)
Latest income
£63.7m
Latest spending
£68.4m
Registered
1962
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that Mind reported a net deficit of £16.0 million for the year, resulting in a reduction of total reserves from £38.5 million to £22.2 million. The trustees confirm that the charity has sufficient cash and reserves to continue operations under various downside scenarios, including a potential UK recession. General unrestricted reserves stood at £11.8 million, which is above the stated long-term target of £10.1 million.
What the accounts disclose
Highest-paid employee band: £140,000 - £149,999 — above the median for charities its size (£125k)
“Sarah Hughes, our chief executive, received emoluments of £140,000.” — page 76
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: £10.1m (held: £11.8m)
“Trustees discussed reserves at their latest meeting and set the long-term reserves target as £10.1m.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mind paid £5,389 to subsidiary MMTA for rent and accountancy charges.
“During the year, expenses amounting to £5,389 (2023: £50,190) were charged to MMTA in relation to rent and accountancy charges.”
“Also £342,000 was received through Mind's partnership with the Cooperative Group Limited. Stevie is a non-executive director and chairman of the remuneration committee for Co-operative Group Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mind received £342,000 from Co-op Group Limited; Chairman Stevie Spring is a non-executive director of Co-op Group.
“During the year, expenses amounting to £5,389 (2023: £50,190) were charged to MMTA in relation to rent and accountancy charges.”
“Also £342,000 was received through Mind's partnership with the Cooperative Group Limited. Stevie is a non-executive director and chairman of the remuneration committee for Co-operative Group Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mind received £18,238 from Co-op Legal Services; Chairman Stevie Spring is chairman of Co-op Group.
“During the year, expenses amounting to £5,389 (2023: £50,190) were charged to MMTA in relation to rent and accountancy charges.”
“Also £342,000 was received through Mind's partnership with the Cooperative Group Limited. Stevie is a non-executive director and chairman of the remuneration committee for Co-operative Group Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mind received £5,220 from Pladis Global; Chairman Stevie Spring is an advisory board member.
“During the year, expenses amounting to £5,389 (2023: £50,190) were charged to MMTA in relation to rent and accountancy charges.”
“Also £342,000 was received through Mind's partnership with the Cooperative Group Limited. Stevie is a non-executive director and chairman of the remuneration committee for Co-operative Group Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mind incurred £52,239 with York Mind; Trustee Alyson Scott is CEO of York Mind.
“During the year, expenses amounting to £5,389 (2023: £50,190) were charged to MMTA in relation to rent and accountancy charges.”
“Also £342,000 was received through Mind's partnership with the Cooperative Group Limited. Stevie is a non-executive director and chairman of the remuneration committee for Co-operative Group Limited.”
Per its FY2024 accounts as filed with the Charity Commission.
Pension scheme deficit: £186k
“As a result of work undertaken in recent years, the level of assets and liabilities was broadly in balance with a defcit of £186k as at 31 March 2024.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Minds Matter (Trading Activities) Limited
“We are also the sole benefciary of a wholly owned subsidiary, Minds Matter (Trading Activities) Limited (sometimes shortened to MMTA or referred to as Mind Retail), which operates a network of Mind shops across England and Wales.”
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/03/2025)
Total income
£63.7m
Total spending
£68.4m
Cost of raising funds
£30.8m
Reserves (reported)
£16.0m
Employees
1,020
Register events
- Received assets from another charity (21/04/2026)
- Received assets from another charity (02/03/2026)
- Received assets from another charity (02/03/2026)
- Received assets from another charity (31/05/2023)
- Received assets from another charity (18/11/2021)
- Received assets from another charity (23/10/2020)
Trustees
- Stephanie Springchair
- Clarke Carlisle
- Cynthia Tze Keng Ko
- Dr Shubulade Smith
- Dr Tarlochan Toor
- Jonathan Huish
- Judith Elizabeth Trenier
- Kevin Francis Corrigan
- Lynette Charles
- Mrs Valerie Harrison
- Ms Philippa Glucklich
- Sami Rahman
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £63.7m | £68.4m |
| 31/03/2024 | £62.7m | £79.8m |
| 31/03/2023 | £59.2m | £72.5m |
| 31/03/2022 | £73.1m | £58.7m |
| 31/03/2021 | £80.3m | £62.0m |
Common questions
Is MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH) financially healthy?
The accounts state that Mind reported a net deficit of £16.0 million for the year, resulting in a reduction of total reserves from £38.5 million to £22.2 million. The trustees confirm that the charity has sufficient cash and reserves to continue operations under various downside scenarios, including a potential UK recession. General unrestricted reserves stood at £11.8 million, which is above the stated long-term target of £10.1 million. Its FY2024 accounts were audited by Crowe U.K. LLP.
What does the highest-paid employee of MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH) earn?
Per its FY2024 accounts, the highest-paid employee was in the £140,000 - £149,999 band.
Who funds MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH)?
Funders whose own accounts filings name MIND (THE NATIONAL ASSOCIATION FOR MENTAL HEALTH) as a grant recipient include Flat Iron Trust, THE ROAN CHARITABLE TRUST, THE BALCOMBE CHARITABLE TRUST, CBRE UK CHARITABLE TRUST, COLEFAX CHARITABLE TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| Flat Iron Trust | FY2023 | £40k |
| THE ROAN CHARITABLE TRUST | FY2024 | £20k |
| THE BALCOMBE CHARITABLE TRUST | FY2025 | £15k |
| CBRE UK CHARITABLE TRUST | FY2023 | £10k |
| THE ROAN CHARITABLE TRUST | FY2023 | £5k |
| THE ROAN CHARITABLE TRUST | FY2022 | £5k |
| COLEFAX CHARITABLE TRUST | FY2024 | £2k |
| MARTIN CHARITABLE TRUST | FY2025 | £0 |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 13/02/2025 | £600k | Regular Grant 2025 |
| Postcode Lottery | 13/02/2025 | £15k | Win Win with Postcode Lottery |
| Postcode Lottery | 19/11/2024 | £500k | Happier Christmas 2024 |
| Postcode Lottery | 01/12/2023 | £500k | Regular Grant 2024 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BNA CHARITABLE INCORPORATED ORGANISATION | 2 | £28k |
| THE FIFTY FUND | 2 | £8k |
| THE JESSIE SPENCER TRUST | 2 | £2k |
| THE THOMPSON FAMILY CHARITABLE TRUST | 1 | £600k |
| ALAN DAVIDSON FOUNDATION | 1 | £301k |
| STAND AGAINST MND | 1 | £125k |
| THE CONSTANCE TRAVIS CHARITABLE TRUST | 1 | £110k |
| THE DARBY RIMMER MND FOUNDATION | 1 | £100k |