OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Mental Health UK

2025-03-31-accounts

Charity number: 1170815

MENTAL HEALTH UK

(a Charitable Incorporated Organisation)

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

MENTAL HEALTH UK

CONTENTS

CONTENTS
Page
Reference and administration details of the Charity, its Trustees and advisers 1
Trustees’ report 2 - 13
Statement of Trustees’ responsibilities for the year ended 31 March 2025 14
Independent auditor’s report to the members of Mental Health UK 15 - 18
Consolidated statement of financial activities 19
Consolidated group and Charity balance sheets 20
Consolidated statement of cash flows 21
Notes to the financial statements 22 - 34

MENTAL HEALTH UK

REFERENCE AND ADMINISTRATION DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISORS

YEAR ENDED 31 MARCH 2025

________________

Trustees

M Robinson (Appointed 1 April 2024) L Paweleck M Winstanley A H Thomas P Jenkins A Doherty N Ward

Charity registered number

1170815

Principal office

28 Albert Embankment London SE1 7GR

Independent auditor

MHA 6[th] Floor 2 London Wall Place London EC2Y 5AU

Bankers

NatWest 2nd Floor, 39 Queen Square Wolverhampton WV1 1TL

Solicitors

Bates Wells 10 Queen Street Place London EC4R 1BE

Key Management Personnel

The key management personnel of the Charity are its Trustees and certain employees of Rethink Mental Illness. A management charge is paid to Rethink Mental Illness for their time. More information on the charges is given in note 15 to the accounts. The employees of Rethink Mental Illness which MHUK considered as its key management personnel in the year were:

Chief Executive Officer: Brian Dow Chief Financial Officer: Tanya Srikandan (resigned 27 February 2025) Director of Finance: Richard Trim Director of National Programmes: Deidre Bowen Director of Fundraising: Caroline Crowther Director of Campaigns and Communications: James Harris Director of Policy and Practice: Lucy Schonegevel

1

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Chair’s Introduction

This year, we continued to navigate a challenging social and economic landscape. The everincreasing cost of living, rising mental health needs, and ongoing strain on public services have created an environment in which demand for our support has never been greater. At the same time, fundraising conditions have remained difficult, with many charities competing for limited resources in an uncertain climate.

Against this backdrop, I am incredibly proud of what Mental Health UK has achieved. Thanks to the generosity and commitment of our supporters, we grew our income and maintained a strong base of unrestricted funding — allowing us to sustain the reach of our work across the UK. While we faced the tough decision to close our online community, Clic, our planned investment in other core programmes enabled us to still meet rising mental health needs. From early intervention programmes in schools to targeted support for financial hardship, we’ve remained true to our purpose: to provide people with the tools to live their best possible lives, at home, school and work.

This year also saw us deepen our national influence. Our second Burnout Report and the launch of the Menopause, Mental Health and Me campaign helped drive vital public conversations, while our digital information provided supportive information to millions of people. We’ve also continued to grow a committed community of supporters and partners, whose generosity and belief in our mission have enabled us to reach further than ever before.

Looking ahead, we are focused on scaling what works — strengthening our impact, improving access, and ensuring sustainability. With a refreshed strategy, a growing network of partners, and a commitment to those we support, we are entering the next year with ambition, clarity and hope. To all our staff, partners, funders and supporters: thank you. Your dedication makes our work possible, and your belief in better mental health for all continues to drive us forward.

2

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees of Mental Health UK (‘MHUK’ or ‘the Charity’) present their Trustees’ Report and the Consolidated Financial Statements for the Charity for the year ended 31 March 2025 as required under the Charities Act 2011 and the Companies Act 2006.

Objectives and Activities

Mental Health UK delivers on our charitable objectives by raising funds from individuals, corporate partnerships, trusts and foundations. These funds are distributed to our four founding charities across the UK (Rethink Mental Illness in England, Change Mental Health in Scotland, Adferiad in Wales and MindWise in Northern Ireland), to deliver our projects as well as grow their own vital services.

Mental Health UK exists as the charity for everyone’s mental health. We challenge the causes of poor mental health and provide people with the tools they need to live their best possible lives at home, school and work.

In a rapidly changing world, Mental Health UK brings together the heritage and experience of four charities from across the country who’ve been supporting people with their mental health for over 50 years. Working UK-wide, we deliver both national and local services that enable and empower people to understand and manage their mental health in a person-centred and empathetic way.

Our programmes provide support for some of the biggest societal challenges that pose a threat to people’s mental health, including money problems, navigating through the system to get the right support, understanding mental health, loneliness and isolation, and resilience in young people.

With our local service delivery and national expertise in supporting people whose lives are affected by mental health problems, we have been able to mark a significant footprint in the areas that deeply challenge our mental health and stability at home, school and work. Our programmes for 2024/25 included:

Mental Health UK provides strategic oversight of our programmes’ implementation by the four founding charities in line with our own processes as well as the funders’ needs (where income is restricted). Performance is measured on a quarterly basis via our results-based management framework that establishes Key Performance Indicators to ensure we are delivering against agreed outcomes and outputs and identifying learning to strengthen programme delivery. Wherever possible, our programmes are internally and externally evaluated with findings feeding back into programme design, development and implementation to ensure that we continue to have a positive impact on our clients.

Achievements and performance

An overview of our programmes and our key achievements from 2024/25 are highlighted below:

Our programmes at home

Our home environment is the foundation of our mental wellbeing, yet many people face daily stressors that undermine their mental health. Economic hardship, housing instability, social isolation and family pressures all impact our mental wellbeing. At MHUK, our programmes aim to respond to

3

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

these challenges to our mental health.

Mental Health & Money Advice Service

Delivered by our partners, funded by grants from MHUK totalling £932,526 (2024: £604,836)

The link between money and mental health is undeniable, with half of people in debt also experiencing mental health problems. Our Mental Health & Money Advice (MHMA) service is our flagship service and provides a vital bridge between financial and mental health support, offering expert practical advice. Through targeted casework, accessible online resources and a client-centred approach, we support thousands each year to improve their financial resilience and wellbeing.

Impact and reach in 2024/25:

Our programmes at school

The mental health needs of young people have never been more pressing, with emergency referrals in England increasing by over 50% in just three years. Almost half of the children and young people who require mental health support are currently not receiving it through the NHS. Against this backdrop, our preventative young people’s programmes are a vital part of building a healthier future.

Bloom

Delivered by our partners, funded by grants from MHUK totalling £668,321 (2024: £668,386)

Bloom empowers 14–18 year olds with the skills, knowledge and resilience they need to support their mental health through life's challenges, both now and into adulthood. Delivered in partnership with schools and colleges, Bloom focuses on building sustainable change by equipping educators to independently deliver the programme. Through this model, we embed mental health learning deeply within the education system, ensuring it reaches young people long after initial delivery.

Impact and reach in 2024/25:

Your Resilience

Delivered by our partners, funded by grants from MHUK totalling £198,272 (2024: £179,091)

Your Resilience is designed to proactively support young people who are at greater risk of experiencing poor mental health, especially those from disadvantaged backgrounds, rural communities and ethnic minority groups. Recognising that social inequality and discrimination are major drivers of poor mental health, the programme takes a community-centred approach, addressing the unique challenges faced by these young people. Delivered outside of traditional education settings, Your Resilience offers an accessible and culturally sensitive pathway to better mental health.

Impact and reach in 2024/25:

4

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Me & Money

Delivered by our partners, funded by grants from MHUK, included within the allocation for Mental Health & Money Advice

As financial pressures mount, particularly for younger generations, Me & Money tackles a critical but often overlooked aspect of mental health: financial wellbeing. The programme goes beyond basic financial literacy to explore the complex, lifelong relationship between money, emotions and mental health. By helping young people understand the underlying beliefs and behaviours that shape their financial lives, Me & Money empowers them to manage money worries before they become entrenched challenges.

Impact and reach in 2024/25:

Our programmes at work

Too many people with mental health challenges are locked out of employment — and too many workplaces lack the support systems needed to foster wellbeing. Our work-focused programmes help bridge this gap by supporting individuals into meaningful employment, while also partnering with organisations to build mentally healthy, compassionate workplaces.

Into Work

Delivered by our partners, funded by grants from MHUK totalling £304,704 (2024: £204,585)

Meaningful employment can be transformative for mental health. Our award-winning Into Work programme provides holistic, personalised support to people with mental health challenges, helping them move towards work, training or volunteering opportunities. Built on trust and flexibility, the programme addresses each participant's unique barriers and supports them to achieve sustainable change, often with remarkable outcomes.

Impact and reach in 2024/25:

Workplace & Training

Delivered directly by MHUK

The workplace has a profound impact on mental health. Our Workplace Mental Health and Training Team works with organisations across sectors to create compassionate and resilient workplaces. This year, we placed a particular focus on burnout prevention, equipping both employees and leaders with the skills to recognise early warning signs and build supportive environments. By embedding mental health awareness into workplace culture, we contribute to lasting, systemic change.

Impact and reach in 2024/25:

5

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Bank of America, and Omexom.

Our completed programmes

Rural Communities

Delivered by our partners, funded by grants from MHUK totalling £29,545 (2024: £138,464)

Around 28% of the UK population - approximately 18 million people - live in rural areas, where access to mental health support can be limited. The Rural Communities programme, delivered in partnership with Neptune Energy, set out to raise awareness, build skills, and improve access to support in these communities.

Delivery in England and Wales concluded in 2023/24, followed by Northern Ireland at the end of Q1 and Scotland at the close of 2024/25. The programme’s completion marks the end of a successful, time-limited initiative that reached underserved communities and made a lasting impact. Insights and learnings from the programme have been shared publicly on our website to inform future work in rural mental health.

Clic

Delivered by our partners, funded by grants from MHUK totalling £57,321 (2024: £49,935)

With 2.6 million adults across Great Britain reporting that they feel lonely “often” or “always,” Clic provided an online space for connection and support. The platform offered a safe, moderated environment for peer-to-peer conversations and access to mental health resources, helping to reduce isolation and promote wellbeing.

Clic supported thousands of people when they needed it most. Following a reduction in demand, Clic closed on 31 March 2025. Its closure reflects a successful delivery against its aims, and we continue to take learnings from our programmes to ensure we are providing people with the best support possible in the evolving landscape of digital mental health.

Feedback from the people we support:

“Into Work gave me hope when I’d lost it. I used to think people like me don’t get jobs.” - Sophia, Into Work Client

"Before you contacted me, I felt I was in a black hole, a deep well with no ladder to get me out; however, after you contacted me, my life has done a complete turnabout and I now have a ladder and I am climbing out of the deep black well" - Mental Health & Money Advice service member

“I learnt so much about how to handle stress. I feel like I can manage tough situations better.” - Your Resilience/Bloom participant

“I have learnt a lot... this workshop has provided me with new knowledge that will help me in the near future, such as using circuit breakers to ease stress and being considerate of others’ financial struggles.” - Me & Money participant

Understanding mental health

In addition to our grant-funded programme activity, we also directly provide education to help people better understand their mental health. Last year there were over 1.8 million views of Mental Health UK’s website, with almost 300,000 of that number visiting and viewing content on our advice, information and support pages. On our Mental Health and Money Advice webpage, 85% of surveyed users said that they found the information helpful. With over 300,000 followers across our social media channels and 917 mentions in the media, more people have been able to access quality, evidence-based information about mental health.

6

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

The second edition of our Burnout Report, which launched in January 2025, deepened our understanding of the prevalence and experience of burnout across the UK. This year’s report allowed us to better understand trends in the experience of burnout, with a generational divide in the experience of burnout presenting as a standout theme.

This year’s Burnout Report was shared with a wide audience through extensive media coverage. Media activity to coincide with the launch of the report reached 448m impressions across TV, traditional press and social media. Media highlights included being picked up on the front page of the Times, a write-up from the Telegraph’s senior economics reporter, Our CEO, Brian Dow, appearing on Times Radio and Nick Ferrari’s Morning LBC show, as well as more coverage on Sky News, The Sun, The Independent, ITV News, Mail, Greatest Hits Radio, People Management and Personnel Today

In addition to the Burnout Report, in May 2024 we launched Menopause, Mental Health, and Me. Developed in collaboration with a Lived Experience Advisory Board, the comprehensive toolkit and accompanying worksheets provide useful advice on managing the symptoms of menopause and practical advice about speaking to others, with a particular focus on the unique relationship between menopause and mental health. After over 16,500 people accessed the free resource as part of a fundraising campaign, Menopause, Mental Health and Me will continue to expand through the creation of more practical advice and resources, driving meaningful change for this important topic.

Fundraising Activities

We would like to extend a massive thank you to all our dedicated supporters, whose commitment of time and money to Mental Health UK makes a huge difference to those using our services — giving people the tools they need to live their best possible lives at home, school and work. In 2024/25 we raised a total of £3.032m across all income streams, including business development for our charitable activities. Our Fundraising team reached its ambitious target generating total donations of £2.528m and exceeding the net contribution target by £263k.

We had 3,627 people taking part in our Events and Community activities raising a total of £734k compared with a target of £578k. With particular success in the London Landmarks Half Marathon (with a team size of nearly 300 runners raising over £130k) and a team of 60 runners in the Paris Marathon, we hope to be allocated more places in both of these events for 2026.

Our community activities continue to go from strength to strength with unsolicited Facebook fundraising increasing over the year. Our July Facebook community campaign raised £75k, driving our Community activity to exceed budget by £82k for the year, We also benefitted from a fundraising gig by musician Sonny Tennet.

In 2024/25 we hosted our 20km GLOW walk in 3 cities — London, Birmingham and Edinburgh — with over 1,000 people taking part across the 3 events and raising over £178k. The Edinburgh event was run in partnership with Change Mental Health and was a great collaborative effort.

The Individual Giving team continued to focus on growing the portfolio of regular and cash givers, launching our menopause campaign, Menopause, Mental Health and Me this year. We recruited 205 direct debit supporters and a further 14,000 new contacts were added to our supporter pool with email opt-ins.

The Corporate Partnerships team celebrated the conclusion of a two-year partnership with Bank of America, raising over £1.1m, including £140,000 from their annual Thanksgiving Day alone. The balance of these funds will continue to support Into Work into 2025/26. Skipton Building Society’s partnership generously supported the Mental Health & Money Advice service for a second year, with a transformational donation. A new three-year partnership with PwC was also launched, throughout which we aim to raise £150k. PwC will also provide skilled volunteering support, collaborating on

7

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

projects where they can support Mental Health UK's strategy and purpose.

Our fundraising activities are delivered to the highest ethical standards. As a member of the Fundraising Regulator, we proudly follow the standards in the Code of Fundraising Practice. We worked with one professional fundraising agency (Return Fundraising) who managed the telephone element of our menopause appeal. Our fundraising team undertake and observe training of the professional fundraisers to ensure they meet our high standards and regularly monitor phone calls.

We had eight commercial participators in 2024/25 including Nationwide, Gas Distribution Networks, Dune, Class Bento, ThankBox, Cult Beauty, Red Run and Kalms. They all have a contracted relationship with MHUK and are managed by an account manager who meets regularly with their partners to monitor income and to ensure the partnership is compliant with the contract.

We would like to thank the following notable donors:

Complaints

Our processes, supported by our Supporter Promise, ensure we respect people’s rights and protect those in vulnerable circumstances. In 2024/25, we received one formal complaint about our fundraising activities, and we took speedy positive remedial action in regard to this complaint. We ensure that all complaints are monitored by our Supporter Care Team and reviewed to ensure best practice is upheld and fundraising activities are optimised.

Financial Review

Total income for the year increased to £3.032m in 2024/25 (2024: £2.877m). Thanks to the generosity of our donors, we grew our income from donations to £2.528m (2024: £2.421m), the majority of which was unrestricted. This growth came in addition to £283k of newly generated commercial income to grow our Mental Health & Money Advice service. Our financial strategy is to continue to grow our unrestricted supporter base to sustain our successful core programmes, while also building new partnerships to develop and deliver new programmes in our core thematic areas, as outlined in Future Plans below.

Our expenditure during this period, £4.898m (2024: £4.934m), is primarily made up of grant making activity, with distributions made to our four founding charity members in accordance with either the restrictions placed on the income received by Mental Health UK or in the case of unrestricted income in accordance with the grant framework agreement. Grants awarded during this period supported the activity outlined above.

Overall, we ran a planned deficit of £1.866m, to sustain a broad range of activity, supported by our restricted reserves of £3.702m carried forward into the year, including £3.155m from our partnership with Lloyds Banking Group.

A summary of the breakdown of our expenditure is included in notes 5-7 of the accounts.

8

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Subsidiary company information

Mental Health UK Services Limited operates as the trading subsidiary of Mental Health UK, providing commercial, consultancy and training services to improve mental health in the workplace. The objective is to generate contribution to support the activities of the Charity. The Subsidiary generated a small surplus in the year which has been distributed to the Charity. We have since restructured our consultancy and training activity and it is our intention to grow this activity further and we expect a surplus in 2025/26.

The financial statements of the Subsidiary have been consolidated into the financial statements of the Group.

Grant-making policy between Mental Health UK and the founding charities

As noted above, many of Mental Health UK’s core programme objectives are met by activity delivered by our four founding charity partners, funded by grants from MHUK. Our Trustees determine the core strategic priorities for grant-making activity. Each founding charity, acting as the grant recipient, will submit a detailed programme proposal to MHUK for review. Once the proposal is approved, a Memorandum of Understanding (MoU) is established and signed by both parties, outlining the terms of the grant, including the total budget allocated for the programme.

Following the signing of the MoU, the Charity is required to submit quarterly financial returns based on the activities carried out during the reporting period. These financial returns ensure accountability and transparency regarding the use of grant funds.

Programme activities are closely monitored by MHUK through a combination of methods, including monthly KPI reporting and regular monthly meetings to ensure progress is on track.

Key Risks and Uncertainties

In relation to the overall financial control procedures, the Charity has in place a plan supplemented by an annual budget approved by the Board of Trustees. Monthly actual results are reported against budget and projections to year end are reviewed by senior management (employees of Rethink Mental Illness supporting Mental Health UK under a management agreement), and the Board of Trustees at appropriate points in their meeting cycle. The Charity’s day-to-day financial processes are undertaken by Rethink Mental Illness staff, using procedures approved by the Rethink Board. Assurance around compliance with the financial regulations is overseen by the leadership team.

Risks are assessed by the Management Team and escalated to the Board accordingly. Trustees are provided with assurance that the major risks which are identified have been reviewed and evaluated on a programmatic basis, taking account of internal controls, systems and other actions pursued to mitigate them. In this way, the Board is satisfied that the risk management strategy is appropriate to the Charity and they have gained assurance regarding the effectiveness of the risk management processes adopted.

The key strategic risks currently facing Mental Health UK are:

9

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Reserves policy

Mental Health UK recognises the importance of maintaining a reserves policy to provide a prudent level of cover to meet future obligations and guard against unforeseen contingencies on a going concern basis. The reserves of the Charity at the year-end are:


Unrestricted reserves – General Funds
Restricted Funds
Total Funds		 £’000
671
2,195
2,866

Our reserves policy focuses on the level of our “free” reserves. Free reserves are defined as net assets excluding restricted funds and designated funds.

Our unrestricted reserves at 31 March 2025 were £671,000 all of which represent free reserves against a minimum policy level of £135,000. Our minimum level is calculated to ensure MHUK can meet its obligations for support costs to Rethink Mental Illness in the worst-case scenario that income falls to the extent the operating model is no longer viable. The target is sufficient to cover any residual liabilities and redundancies within the support services provided by Rethink Mental Illness in the event of winding up. As free reserves are materially above the minimum we plan to use the funds to support a consistent level of activity while we further grow our income.

The Board will keep its reserves approach under regular review to ensure that an appropriate balance is maintained between developing reserves to provide sufficient funds to meet its forward obligation, to provide a reserve against unforeseen events and to provide adequate resources to fund new initiatives in order to promote the charitable objects of Mental Health UK. Further details of reserves held at 31 March 2025 are shown in note 11 to the financial statements.

Going Concern

The Trustees have a reasonable expectation that the Charity has adequate resources to continue its activities for the foreseeable future. A significant level of restricted reserves is being held which will support our core grant streams over the next two years.

The most significant area of risk to the Charity's going concern is achievement of fundraising and partnership targets. However, as these are being monitored through the monthly management accounts process, this risk is not considered to represent a material uncertainty over the Charity's going concern. Cashflow projections and forecasts have been prepared covering at least 12 months from the signing of these accounts which support the continued operations of the Charity. Accordingly, Trustees continue to adopt the going concern basis in preparing the financial statements as outlined in the Statement of Trustees responsibilities.

10

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

Plans for the Future

Programmes

In 2025/26, Mental Health UK will continue to deliver inclusive, evidence-based programmes across our core focus areas: Work, Money, Young People and Women’s Mental Health. We remain committed to prevention, early intervention and ensuring our support reaches those most affected by mental health inequalities.

We are actively aligning all programme areas with our future strategy, with a particular focus on scaling what works. This includes refreshing outcomes frameworks, strengthening co-production and using our new Programme Development Pipeline to guide investment decisions and collaborate more closely with fundraising.

Amidst a challenging funding environment, we are focusing on sustainability and deepening impact, especially in communities facing the greatest need.

Home: Women’s Mental Health – A targeted approach

We will continue developing targeted women’s mental health initiatives, with a focus on menopause and life transitions. Our next steps include securing funding for pilot delivery and evaluation of a menopause programme, shaped by lived experience and partnerships with grassroots and clinical organisations.

Home: Advice and Information – expanding reach

The Rethink Advice and Information Service (RAIS) will remain a vital support for navigating mental health systems. In 2025/26, it will pilot a triage and appointment system, expand co-production and test an AI chatbot for 24/7 advice access. RAIS will also work more closely with other Mental Health UK programmes to deliver wraparound support.

Home / Young People: Financial resilience and Me & Money

We will enhance our financial wellbeing offer through Mental Health & Money Advice and expand our Me & Money programme, which supports young people to build financial resilience. Me & Money will target underserved communities and build on successful pilots to attract scaled investment.

Young People: Early intervention at scale

Our youth programmes (Bloom, Your Resilience, Me & Money) will continue to reach thousands of 14–18-year-olds across all four nations. In 2025/26, we will deepen delivery in priority areas (e.g. London, West Midlands, Kent), embed co-produced adaptations and focus on long-term impact and digital accessibility.

Work: Into Work and Workplace Mental Health

We will scale our Into Work programme, which helps people with mental health conditions find and sustain employment in Harrow, Gravesend, and Wrexham. Following strong evaluation outcomes, we are exploring expansion into new regions and building employer partnerships to enhance workplace inclusion.

Our Workplace Mental Health and Training programme is undergoing a strategic relaunch. Over the next year, we will refresh our offer, improve systems, and pilot new blended models, with a focus on post-training support, ESG alignment and income generation.

All programmes are undergoing a Theory of Change refresh, helping us sharpen impact measurement, policy influence and funder engagement. With these changes, we are building a

11

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

future-focused, scalable and sustainable programme portfolio.

Fundraising

With the numbers of people needing our support increasing, we are committed to growing and diversifying our fundraising portfolio in order to meet this demand. The launch of the new MHUK strategy provides the Fundraising Team with a great opportunity to engage Corporate Partners, Trusts and Foundations and Individuals with our vision and plans for the future. We will remain focused on our efforts to build strategic partnerships that align with our mission. We will continue to support organisations to engage on multiple levels with MHUK – including staff involvement, fundraising, workplace and training and much more.

We are particularly excited to be launching our new partnership with Premiership Rugby in 2025 as well as continuing to work closely with PwC on our three-year Charity of the Year partnership which we expect to go from strength to strength.

We will also continue to grow our community of supporters through our acquisition campaigns as well as focusing heavily on providing our supporters and donors with the best possible experience while supporting MHUK.

We are incredibly excited to be hosting GLOW events in London, Birmingham and Edinburgh again in 2025 with the aim to significantly grow participant numbers in all three events. We are also looking forward to seeing our team in London Landmarks Half marathon grow again in 2026.

Name and nature of the Charity

Mental Health UK is a Charitable Incorporated Organisation registered with the Charity Commission of England and Wales since 19 December 2016, Registered Charity no: 1170815. Its governing document is its constitution.

The term “Charity” refers to Mental Health UK and the term “Group” refers to Mental Health UK together with its Subsidiary as set out in note 19.

We are the charity for everyone’s mental health. We challenge the causes of poor mental health and give people the tools they need to live their best possible lives at home, school, and work.

12

MENTAL HEALTH UK

TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2025

YEAR ENDED 31 MARCH 2025

________________

Structure, Governance and Management

The Trustees of Mental Health UK are the Charity’s Trustees under Charity Law and the Directors of the Charitable Incorporated Organisation. They are responsible for providing leadership, setting strategy and ensuring control. The Chief Executive Officers of our four founding charities are chosen to represent their charity on the Board and three independent Trustees are separately appointed, including the Chair of the Board. Qualifying third party indemnity insurance was in place for the Trustees during the year.

Trustee induction and training is individually tailored according to the background and experience of individuals, most of whom come with experience of working in mental health. Training needs are discussed at appointment and in face to face meetings with the CEO, the Chair, fellow Trustees and Directors. Previous board meetings minutes are provided for context, along with other relevant documents, including strategy documents. Other elements may include attending external training for new Trustees and visits to services around the UK. As Trustee turnover is low and previous experience varies, induction and training is arranged following discussion on what each Trustee requires in order to be an effective Trustee of MHUK.

Day-to-day operations of the organisation are managed by the Chief Executive Officer, Brian Dow, on authority delegated by the Board. The Chief Executive Officer has clearly defined areas of responsibility and accountability.

Mental Health UK has 69 dedicated individuals who form the core management and support team, and are employees of our English founding charity, Rethink Mental Illness. This team draws on the wider resources, knowledge and skills of the 1,000 plus staff within our four founding charities to support activities where required. This model has not only proven cost-efficient and effective but has also enabled Mental Health UK to deliver at pace. Market rates of pay for these individuals are set by Rethink Mental Illness with charges levied to Mental Health UK for their time approved by the Trustees through the annual planning process.

We also received valuable support from volunteers employed by several of our corporate partners, such as Bank of America. Volunteers have worked to support MHUK by contributing to both programme development and delivery, making a difference to the people we exist to support. We would like to thank all volunteers and partners for their commitment.

The Board of Trustees is committed to developing and maintaining high standards of governance throughout the Charity. Our mission “we won’t stop until everyone has the tools they need to live their best possible life” lies at the heart of all our work and feeds into the overall strategy, which is set by the Board of Trustees. The latest strategy was adopted at the Board meeting in April 2021 and the strategic objectives have been updated, which have guided work of the Charity for over 5 years.

We have policies and procedures in place that underpin the requirement to act with integrity and in the best interests of the Charity and its charitable purposes.

The Trustees have had due regards to the guidance issued by the Charity Commission on public benefit. They have considered the requirements of the public benefit text and are satisfied that the Charity’s activities meet these criteria.

Approved by order of the members of the board of Trustees and signed on their behalf by:

P Jenkins Chair of the Trustees Date: 14/10/2025

13

MENTAL HEALTH UK

STATEMENT OF TRUSTEES' RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025

________________ The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Group and the Charity and of their incoming resources and application of resources, including their income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the Group and the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Group and the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Group and the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of Trustees and signed on its behalf by:

P Jenkins Chair of the Trustees Date: 14/10/2025

14

MENTAL HEALTH UK

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF MENTAL HEALTH UK

YEAR ENDED 31 MARCH 2025

________________

Opinion

We have audited the financial statements of Mental Health UK (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2025 which comprise the Consolidated Statement of Financial Activities, Consolidated Group and Charity Balance Sheets, Consolidated Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Our evaluation of the trustees’ assessment of the entity’s ability to continue to adopt the going concern basis of accounting included critical reviews of budgets and forecasts provided.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information

15

MENTAL HEALTH UK

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF MENTAL HEALTH UK

YEAR ENDED 31 MARCH 2025

________________ contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

In the light of the knowledge and understanding of the group and parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report (incorporating the directors’ report).

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

16

MENTAL HEALTH UK

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF MENTAL HEALTH UK

YEAR ENDED 31 MARCH 2025

________________

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement included in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the group’s and parent charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.

Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The specific procedures for this engagement and the extent to which these are capable of detecting irregularities, including fraud is detailed below:

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the

17

MENTAL HEALTH UK

INDEPENDENT AUDITORS REPORT TO THE MEMBERS OF MENTAL HEALTH UK

YEAR ENDED 31 MARCH 2025

________________ events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the financial statements is located on the FRC’s website at: www.frc.org.uk/auditorsresponsibilities . This description forms part of our auditor’s report.

Use of this report

This report is made solely to the charitable company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

,

Stuart McKay BSc FCA DChA (Senior Statutory Auditor) For and behalf of MHA MacIntyre Hudson Chartered Accountants and Statutory Auditors 6[th] Floor, 2 London Wall Place London, EC2Y 5AU

Date: 24/11/2025

MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).

18

MENTAL HEALTH UK

CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MARCH 2025

________________

Note
Income from:
Donations and legacies
3
Charitable activities
4
Interest Receivable
Total income
Expenditure on:
Raising funds
5
Charitable activities
5
Total expenditure
Corporation tax payable
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Unrestricted
funds
2025
£
Restricted
funds
2025
£
Total
funds
2025
£
Total
funds
2024
£
1,488,788
1,039,623
2,528,411
2,421,274
431,893
-
431,893
400,617
71,933
-
71,933
54,997
1,992,614
1,039,623
3,032,237
2,876,888
1,074,321
4,205
1,078,526
1,218,024
1,278,021
2,541,641
3,819,662
3,715,584
2,352,342
2,545,846
4,898,188
4,933,608
-
-
-
5,958
(359,728)
(1,506,223)
(1,865,951)
(2,062,678)
1,030,314
3,701,657
4,731,971
6,794,649
(359,728)
(1,506,223)
(1,865,951)
(2,062,678)
670,586
2,195,434
2,866,020
4,731,971

19

MENTAL HEALTH UK

CONSOLIDATED GROUP AND CHARITY BALANCE SHEETS

AS AT 31 MARCH 2025

________________

Group Group Charity Charity
2025 2024 2025 2024
Note £ £ £ £
Investment in Subsidiary 14 - - 2 2
Current assets:
Debtors 9 1,123,615 183,204 1,131,303 938,927
Cash at bank and in hand 4,245,725 5,932,595 4,125,778 5,106,638
5,369,340 6,115,799 5,257,081 6,045,565
Creditors:Amounts falling 10 (2,503,320) (1,383,828) (2,391,061) (1,338,994)
due within one year
Net current assets 2,866,020 4,731,971 2,866,020 4,706,571
Total assets less current 2,866,020 4,731,971 2,866,022 4,706,573
liabilities
Total net assets 2,866,020 4,731,971 2,866,022 4,706,573
Charity Funds:
Unrestricted 11 670,586 405,131 670,588 379,733
Designated 11 - 625,183 - 625,183
Restricted 11 2,195,434 3,701,657 2,195,434 3,701,657
Total funds 2,866,020 4,731,971 2,866,022 4,706,573

The Charity's net movement in funds for the year was a deficit of £1,865,951 (2024: £2,056,720).

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

P Jenkins

Chair of the Trustees

Date: 14/10/2025

The notes on pages 22 to 34 form part of these financial statements.

20

MENTAL HEALTH UK

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31 MARCH 2025

________________

Note
Cash flows from operating activities
Net cash used in operating activities
12
Cashflows from investment activities
Interest receivable
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
2024
£
(1,758,803)
(998,380)
71,933
54,997
(1,686,870)
(943,383)
5,932,595
6,875,978
4,245,725
5,932,595

As the Charity held no net debt in either the current or prior years, an analysis of changes in net debt table has not been disclosed.

The notes on pages 22 to 34 form part of these financial statements.

21

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. General information

The Charity was set up on 19 December 2016 as a Charitable Incorporated Organisation (CIO), registered in England and Wales, and treated as a public benefit entity.

Its registered office and principal place of business is 28 Albert Embankment, London SE1 7GR.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Mental Health UK meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

The Consolidated statement of financial activities (SOFA) and Consolidated balance sheet consolidate the financial statements of the Charity and its subsidiary undertaking, Mental Health UK Services Limited. The results of the Subsidiary are consolidated on a line by line basis.

2.2 Going concern

The budget for 2025/26 projects a net deficit of £1.8m as the Charity invests in Fundraising growth and maintains activity funded by brought forward restricted funds. The financial strategy is to grow and diversify unrestricted fundraising and increase our corporate partnership activity and we remain confident of our long-term financial sustainability in the context of growing awareness of the importance of promoting mental wellbeing, expecting to return to breakeven or surplus in 2027/28.

The Trustees have stress-tested the monthly cash flow using a worst-case scenario with significant shortfalls of income over a two-year period, offset by feasible reductions in expenditure. In this scenario we maintain both liquidity and net assets.

With the strong financial position and ability to reduce grant awards in the event of income shortfalls, the Trustees conclude that the preparation of the annual accounts to 31 March 2025 on the going concern basis is appropriate. The Trustees have not identified any material uncertainties in reaching this conclusion.

22

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________

2.3 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income from contracts for service delivery is matched to the period of delivery, where minimum performance targets have been met.

Grants are included in the Consolidated statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Group's objectives, as well as any associated support costs.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

All expenditure is inclusive of irrecoverable VAT.

2.5 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.6 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

23

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Consolidated statement of financial activities as a finance cost.

2.8 Financial instruments

The Group only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Group and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Group for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

2.10 Critical accounting estimates and areas of judgment

In the application of the accounting policies, Governors are required to make judgement, estimates, and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

No significant judgements or estimates have been made in the preparation of these financial statements.

2.11 Investment in subsidiary

The Charity holds an investment in the share capital of its trading subsidiary, Mental Health UK Services Limited, of £2. This is recognised in the Charity’s Balance Sheet.

24

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 3. Income from donations

Donations
Legacies
Grants		 Unrestricted
funds
2025
£
Restricted
funds
2025
£
Total
funds
2025
£
Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
1,419,023
1,039,623
2,458,646
1,541,664
801,749
2,343,413
66,615
-
66,615
-
-
-
3,150
-
3,150
-
77,861
77,861
1,488,788
1,039,623
2,528,411
1,541,664
879,610
2,421,274

4. Income from charitable activities

.
Income from charitable activities
Mental Health & Money Advice
Workplace Mental Health & Training
Clic
Licensing		 2025
£
2024
£
282,707
-
137,072
375,801
-
20,266
12,114
4,550
431,893
400,617

Income from charitable activities was entirely unrestricted in both years. Income from Licensing relates to use of the Charity’s brand by our corporate fundraising partners.

25

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 5. Analysis of expenditure

Raising funds
Fundraising
Charitable activity
MHMA
Bloom
Your Resilience
Into Work
Rural Communities
Clic
Helping Communities
Prosper
Navigators
Unrestricted grant
Total Grant-making
Activity
Workplace Mental
Health & Training
Understanding
Mental Health
Total Direct Activity
Total Charitable
Activity
Total expenditure		 Direct
costs
2025
£
Support
costs
2025
£
Total
funds
2025
£
Direct
costs
2024
£
Support
costs
2024
£
Total
funds
2024
£
982,019
96,507
1,078,526
891,491
326,533
1,218,024
932,526
270,650
1,203,176
604,836
252,530
857,366
668,321
223,508
891,829
668,386
279,064
947,450
198,272
55,931
254,203
179,091
74,774
253,865
304,704
99,078
403,782
204,585
85,418
290,003
29,545
8,000
37,545
138,464
57,811
196,275
57,321
22,373
79,694
49,935
20,849
70,784
35,267
10,826
46,093
221,282
92,389
313,671
-
-
-
77,861
32,508
110,369
300,000
-
300,000
300,000
-
300,000
2,525,956
690,367
3,216,323
2,444,440
895,343
3,339,783
116,396
-
116,396
375,801
-
375,801
414,563
72,380
486,943
-
-
-
530,959
72,380
603,339
375,801
-
375,801
3,056,915
762,747
3,819,662
2,820,241
1,221,876
3,715,584
4,038,934
859,254
4,898,188
3,711,732
1,221,876
4,933,608

The Helping Communities Prosper programme largely ended in 2023/24 with expenditure for 2024/25 relating to an extension of activity in Wales led by Adferiad.

Me and Money activity was funded through grants for Mental Health & Money Advice in 2024/25.

During the year the Trustees agreed an unrestricted grant distribution to partners totalling £300,000 (2024: £300,000) to support the Charity’s broader mental health objectives.

26

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 6. Analysis of grants made to delivery partners

By receiving partner organisation:

Rethink Mental Illness
Change Mental Health
Adferiad
MindWise
By activity:
Bloom
Navigators
Rural Communities
Your Resilience
Helping Communities
Prosper
Into Work
Clic
Mental Health &
Money Advice
Distribution of Funds
to Partners		 Unrestricted
funds
2025
£
Restricted
funds
2025
£
Total
funds
2025
£
Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
359,689
950,431
1,310,120
532,540
824,200 1,356,740
105,662
333,843
439,505
142,139
215,029
357,168
117,563
313,908
431,471
173,147
252,488
425,635
61,394
283,466
344,860
106,945
197,952
304,897
644,308
1,881,648
2,525,956
954,771
1,489,669 2,444,440
Unrestricted
funds
2025
£
Restricted
funds
2025
£
Total
funds
2025
£
Unrestricted
funds
2024
£
Restricted
funds
2024
£
Total
funds
2024
£
1,024 667,297
668,321
- 668,386
668,386
-
-
-
-
77,861
77,861
3,004
26,541
29,545_-
_138,464
138,464
304
197,968
198,272_-
_179,091
179,091
54
35,213
35,267
- 221,282
221,282
467
304,237
304,704
-
204,585
204,585
57,321
-
57,321
49,935 -
49,935
282,134
650,392
932,526
604,836 -
604,836
300,000
-
300,000
300,000
-
300,000
644,308
1,881,648
2,525,956
954,771 1,489,669
2,444,440

27

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 7. Analysis of support costs

Finance, HR & IT
Communication
Management and administration
Governance		 Unrestricted
funds
2025
£
Restricted
funds
2025
£
Total
funds
2025
£
Total
Funds
2024
£
62,486
206,967
269,453
470,072
-
-
-
288,335
124,519
412,431
536,950
404,288
12,257
40,594
52,851
59,181
199,262
659,992
859,254
1,221,876

Support costs were entirely allocated to activity funded by unrestricted funds in 2023/24.

As our Communications expenditure underpins the Charity’s expanded UK-wide policy and campaigning activity, this cost is now reflected in Charitable Activities.

Note A Governance costs

Insurance
Professional services
External audit fees
Other governance costs		 2025
2024
£
£
10,536
10,666
28,193
19,761
13,200
11,950
922
16,804
52,851
59,181

Note B Net income/(expenditure) for the year is stated after charging:

2025 2024
£ £
External auditors’ fees for audit of the 13,200 11,950
financial statements
External auditors’ fees for Corporation 1,050 1,000
Tax services

8. Trustees’ remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2024 - Nil). During the year ended 31 March 2025, £251 (2024 – Nil) of travel expenses were incurred in relation to one trustee (2024 - Nil).

28

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________

9. Debtors

.
Debtors
Due within one year:
Trade debtors
Amounts owed by members
Amounts owed by subsidiaries
Prepayments and accrued income		 Group
2025
£
Group
2024
£
Charity
2025
£
Charity
2024
£
153,468
70,955
147,526
17,748
842,582
-
842,582
-
-
-
13,630
813,070
127,565
112,249
127,565
108,109
1,123,615
183,204
1,131,303
938,927

The amounts owed by members, £842,582 (2024: nil), relates to a Connected Charity Balance Agreement with Rethink Mental Illness, repayable in full by 30 September 2025. No interest is payable on the agreement.

10. Creditors: Amounts falling due within one year

Trade creditors
Grants payable to members
Management charge payable to RMI
Other taxation and social security
Corporation Tax payable
Accruals and deferred income		 Group
2025
£
Group
2024
£
Charity
2025
£
Charity
2024
£
5,955
6,949
5,955
6,949
839,111
865,925
839,111
865,925
1,519,211
444,379
1,519,211
409,416
37,259
3,913
-
-
-
5,958
-
-
101,784
56,704
26,784
56,704
2,503,320
1,383,828
2,391,061
1,338,994

Deferred Income

eferred Income
Balance at beginning of year
Amount released to incoming resources
Amount deferred in year		 Group
2025
£
Group
2024
£
Charity
2025
£
Charity
2024
£
45,442
354,467
45,442
155,047
(45,442)
(324,897)
(45,442)
(125,477)
75,000
15,872
-
15,872
75,000
45,442
-
45,442

The deferred income balance relates to income received in advance for Mental Health & Money Advice services.

29

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 11. Statement of funds

Unrestricted funds
Designated funds:
Clic
Mental Health & Money Advice
Fundraising
Total Unrestricted funds
Restricted funds:
Lloyds Banking Group
Skipton
Allan & Gill Gray
Neptune
Bank of America
Other restricted
Total Restricted funds
Total of funds		 Balance at
1 April
2024
£
Income
£
Expenditure
£
Transfer
between
Funds
£
Balance at
31 March
2025
£
405,131
1,992,614
(2,244,085)
516,926
670,586
11,644
-
(11,644)
-
-
330,306
-
-
(330,306)
-
283,233
-
(96,613)
(186,620)
-
625,183
-
(108,257)
(516,926)
-
1,030,314
1,992,614
(2,352,342)
-
670,586
3,155,272
69,995
(1,557,029)
-
1,668,238
-
600,250
(300,250)
-
300,000
202,072
-
(200,513)
-
1,559
226,541
-
(26,541)
-
200,000
117,772
197,569
(289,704)
-
25,637
-
171,809
(171,809)
-
-
3,701,657
1,039,623
(2,545,846)
-
2,195,434
4,731,971
3,032,237
(4,898,188)
-
2,866,020

Represented by:

Current assets
Creditors due within one year		 Unrestricted
funds
£
Restricted
funds
£
Total
funds
£
3,173,906
2,195,434
5,369,340
(2,046,421)
(456,899)
(2,503,320)
1,127,485
1,738,535
2,866,020

Unrestricted Funds

Unrestricted Funds or free reserves are held to ensure sufficient cover for future obligations, assure the Charity’s going concern status and enable the Charity to sustain programme activity through variations in fundraised income.

Designated Funds

During the year, the Trustees agreed to close the designated funds that had been held for Clic, Mental Health & Money Advice and Fundraising investment and transfer remaining balances to unrestricted funds. Clic activity ended in 2024/25, while the Charity continues to commit to Mental Health & Money Advice and investment in Fundraising growth through unrestricted funds.

30

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________

Restricted Funds

Lloyds Banking Group

The Lloyds Banking Group restricted funds relate to a partnership that ended in 2023. Lloyds have agreed that the remaining balance will support our core programmes in 2025/26, Mental Health & Money Advice, Young People’s Programmes and Into Work.

Skipton

Our partnership with Skipton will support additional service for Mental Health & Money Advice through 2025/26.

Allan & Gill Gray

This long-standing partnership enables us to deliver resilience workshops to young people in CAMHS and sports talent pathways. The modest remaining balance will support continuity of Your Resilience in 2025/26.

Neptune

Expenditure in the year supported by Neptune related to our Rural Communities programme which has now completed. The funds carried forward relate to a further grant to support our Into Work programme in 2025/26.

Bank of America

Funding to provide a holistic employment service providing wraparound support to help people back into employment. Our partnership has reached an end, with Bank of America agreeing that the balance held will support Into Work during 2025/26.

31

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________ 11a. Statement of funds 2024

Unrestricted funds
Designated funds:
Clic
Mental Health & Money
Advice
Fundraising
Total Unrestricted funds
Restricted funds:
Lloyds Banking Group
Johnson & Johnson
Allan & Gill Gray
Neptune
Bank of America
Total Restricted funds
Total of funds
Represented by:
Current assets
Creditors due within one year		 Balance at
1 April
2023
£
Income
£
Expenditure
£
Balance at
31 March
2024
£
1,377,678
1,590,651
(2,563,198)
405,131
47,697
20,266
(56,319)
11,644
573,659
386,361
(629,714)
330,306
436,231
-
(152,998)
283,233
1,057,587
406,627
(839,031)
625,183
2,435,265
1,997,278
(3,402,229)
1,030,314
3,751,922
312,610
(909,260)
3,155,272
-
77,861
(77,861)
-
382,873
-
(180,801)
202,072
165,005
200,000
(138,464)
226,541
59,584
289,139
(230,951)
117,772
4,359,384
879,610
(1,537,337)
3,701,657
6,794,649
2,876,888
(4,939,566)
4,731,971
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Total
funds
£
1,788,959
625,183
3,701,657
6,115,799
(959,322)
-
(424,506)
(1,383,828)
829,637
625,183
3,277,151
4,731,971		 Balance at
1 April
2023
£
Income
£
Expenditure
£
Balance at
31 March
2024
£
1,377,678
1,590,651
(2,563,198)
405,131
47,697
20,266
(56,319)
11,644
573,659
386,361
(629,714)
330,306
436,231
-
(152,998)
283,233
1,057,587
406,627
(839,031)
625,183
2,435,265
1,997,278
(3,402,229)
1,030,314
3,751,922
312,610
(909,260)
3,155,272
-
77,861
(77,861)
-
382,873
-
(180,801)
202,072
165,005
200,000
(138,464)
226,541
59,584
289,139
(230,951)
117,772
4,359,384
879,610
(1,537,337)
3,701,657
6,794,649
2,876,888
(4,939,566)
4,731,971
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Total
funds
£
1,788,959
625,183
3,701,657
6,115,799
(959,322)
-
(424,506)
(1,383,828)
829,637
625,183
3,277,151
4,731,971
829,637
625,183
3,277,151
4,731,971

12. Reconciliation of net movement in funds to net cash flow from operating activities

Net income for the year (as per Statement of Financial Activities)
Adjustments for:
Decrease/(Increase) in debtors
Increase/(Decrease) in creditors
Interest receivable
Net cash provided by operating activities		 Group
2025
£
Group
2024
£
(1,865,951)
(2,062,678)
(940,411)
1,108,459
1,119,492
10,836
(71,933)
(54,997)
(1,758,803)
(998,380)

32

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________

13. Related party transactions

Rethink Mental Illness in England, Adferiad in Wales, MindWise in Northern Ireland and Change Mental Health in Scotland are all members of Mental Health UK. Mental Health UK is not controlled by any one of these entities.

During the year Mental Health UK awarded grants to members totalling £2,525,956 (2024: £2,444,440) as shown in note 6 above. Of this total, £839,111 (2024: £865,925) was outstanding at the balance sheet date.

Direct staff and related support are provided by Rethink Mental Illness. The total amount payable to Rethink Mental Illness for these charges, and excluding grants payable for the year, was £1,519,211 (2024: £1,198,339). The balance outstanding due to Rethink Mental Illness at the balance sheet date was £1,519,211 (2024: £444,379).

14. Principal subsidiaries

The following was a subsidiary undertaking of the Charity:

Name Company
Registered office or principal
Registered office or principal
Principal activity
Number place of business
Mental Health UK 10201914 The Dumont, 28 Albert The provision of education, training
Services Limited Embankment, London, SE1 and consultancy services in
7GR respect of mental health
Class of shares Holding Included in consolidation Value of share capital
Ordinary 100% Yes £2 (2024: £2)
The financial results of the Subsidiary for the year were:
Income
Expenditure		 Surplus
Net assets
£
£		 £
£
Mental Health UK Services Limited 431,893
(399,103)		 32,790
2

Expenditure by the Subsidiary includes a charge from Rethink Mental Illness of £116,396 for the year, covering the cost of direct staff in addition to management costs. This amount is included in the total charge for the Group from Rethink Mental Illness of £1,519,211 in note 13. A further £282,707 was paid on behalf of the Subsidiary by the Charity through the year.

33

MENTAL HEALTH UK

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

________________

15. Employees

The Charity had no direct employees in either the current or prior year. Day to day operation of the Charity is undertaken by Rethink Mental Illness staff; a management charge is paid to Rethink Mental Illness for their time.

Key management personnel include those outlined in the Trustees’ report. Some of these individuals are employed and remunerated by Rethink Mental Illness and the cost of their salaries, including employers’ national insurance and pensions, is included in a management charge paid to Rethink Mental Illness. Salaries explicitly included in this recharge for the Chief Executive Officer, Director of National Programmes and Director of Fundraising totalled £194,136 (2024: £187,431). Other members of key management personnel are included in a general overhead charge based on the share of their departments time dedicated to MHUK activity.

16. Volunteers

Our corporate partners volunteer staff to help the Charity in various ways such as running customer feedback workshops, supporting our fundraising activity and other general volunteering. The financial statements do not include an estimate representing the financial value of volunteer time.

17. Post Balance Sheet Event

On 3 July 2025 a 51% controlling interest in the Mental Health UK Group was acquired by Rethink Mental Illness, bringing Mental Health UK into the Rethink Mental Illness Group and strengthening the long-standing bond between each entity and the wider partnership.

This transaction is classified as a non-adjusting event under Section 32 of FRS 102, as it occurred after the reporting date and does not reflect conditions existing at 31 March 2025. No adjustments have been made to the financial statements for the year ended 31 March 2025.

The trustees believe the acquisition will reduce the risk exposure of each Charity and offer greater opportunities to share resources in a manner that maximises impact for our beneficiaries.

34