Mind’s income grows to a high of £48m

26 Nov 2018 News

Mental health charity Mind has seen its income grow to its highest ever-level of £48.1m, according to recently published documents.

The charity’s annual report and accounts for the year to March 2018 show that its income rose by 6.8m, or 16.5 per cent, year on year.

This was mainly driven by a £5.2m increase in the charity’s income from donations and legacies, which amounted to £20.7m in 2017/18.

In an introduction to the charity’s accounts, Paul Farmer, the charity’s chief executive, and Ryan Campbell, chair, said they wanted the charity to grow further.

They said: “We raised £6.8m more than last year in 2017/18, which was fantastic. But we need to raise even more to reach the people who need us.

“With one in four people experiencing a mental health problem in any given year, the demand for our services is huge, and growing. Too many still don’t have the support they need to stay well. And that’s not good enough.”

The charity’s income from shops and investments were similar to the previous year, at £3.3m and £190,000 respectively.

Meanwhile, the charity’s expenditure increased by £4m to £42.4m, with most of this being sent on charitable activities.

The charity also increased the amount it spent on fundraising from £3.6m to £4.5m.

Staff increase

Mind’s average number of full-time equivalent employees rose to 604 during 2017/18 from 564 the year before.

It paid £187,000 in redundancy and termination payments.

The charity’s staff costs overall rose from £940,000 to £1m, while its highest paid employee earned between £120,000 and £130,000.

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