How we raise and spend our money

Mind is a charity and we rely on donations. We’re very grateful to everyone who supports us financially. We want you to feel confident that we’re spending our money wisely. That’s why we’re committed to being open about how we're funded and managed.

How we raise our money

In 2016/17 Mind’s income, including net profit contribution from our network of shops, was £28.8m. This was £622k higher than last year thanks to an increase in public, corporate and trusts fundraising and sales in our charity shops.

We have a broad range of income streams so we’re not reliant on one source of funding. This is very important to us as it means we can remain entirely independent. It also means we are less vulnerable to changes in one area of income. We don’t take money from pharmaceutical companies.

Our shops

The figures below combine our charitable accounts as well as those of our separate trading company for retail activities.


In 2016/17 our total shop turnover was £15.8m. We used £12.5m of this to pay for the cost of sales and operational costs including rent, bills and salaries. We used the rest, £3.3m of profit, as unrestricted income to support our work.

How we spend our money

We spent £25.6m in 2016/17.

For every £1 we received in donations, we spent 72p on our charitable work. We spent £20.8m in total delivering our charitable work.

For every £1 we spent on generating funds, we raised an average of £5.25. 

 

Mind's income for 2016/17

2017 Infographics 560X40049

Mind's expenditure for 2016/17

2017 Infographics 560X40050
                                           

Our spend for 2016/17 is broken down into the goals of our 2012-2016 strategy. You can find out more about our goals by reading 'Unstoppable together'.

 

Governance costs

Our governance costs ensure that we are a well-run and accountable organisation.  These cover internal and external audit costs, information governance (e.g. data protection), quality assurance (services quality and safeguarding) as well as the cost of planning and reporting.

The difference between the money we raised and the money we spent

The difference between our income and expenditure reflects money added to our reserves (this ensures we have funds available to grow and develop, and can continue to operate should our income fall) as well as provision made for potential costs associated with Mind’s involvement in the running of schools in the 1970s and 1980s.

More information

For more information on our work, and how we raise and spend our money, read our 2016/17 annual review and accounts.

We aim to always be open and clear about how we raise and spend our money. Please email us at supporterservices@mind.org.uk if you have any questions or concerns and we will answer them.

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