What is the financial size of SOLENT MIND?

SOLENT MIND is classified as a major charity. In the latest financial year, they reported a total income of £12,380,694 and total expenditure of £12,247,830.

How does SOLENT MIND allocate its spending?

For every pound spent, approximately 94.6% goes directly to charitable activities. The remaining 5.4% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.2%).

What is the workforce structure of SOLENT MIND?

SOLENT MIND employs 364 staff members and is supported by 40 volunteers.

Does SOLENT MIND receive government funding?

Yes. Approximately 89.8% of their income comes from government grants or contracts.

Does SOLENT MIND pay its trustees?

No, the latest data indicates that trustees do not receive payments or personal benefits from the charity.

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SOLENT MIND

#1081116

Charitable company•Major•Registered

www.solentmind.org.uk

Provision of mental health services, in particular psycholgical therapies, wellbeing services and activities, employment support, advocacy, and home-based support including for older people. Promotion of good mental health across diverse communitiescampaigning to improve services, raise awareness and promote understanding

Registered address

Solent Mind, 15-16 The Avenue, Southampton, Hampshire, SO17 1XF

Latest HighlightsFY 2024

Income

All sources

£12,380,694

Expenditure

All activities

£12,247,830

Net Reserves

Unrestricted funds

£3,702,887

Total Assets

Gross assets

£5,612,902

Working Capital

Liquidity

£719,261

Benchmark Performance

Comparing against 1,903 similar major charities

Compare vs:

Reserve Runway

3.6 months

Median: 3.6 monthsAround typical

Income Growth (1yr)

10.0%

Median: 8.2%Around typical

Spending Efficiency

94.6%

Median: 97.2%Around typical

Income Concentration

161.7%

Median: 87.1%Below typical

Fundraising ROI

18.9x

Median: 27.3xAround typical

Income Volatility

12.7%

Median: 13.4%Around typical

Self-Generated Income

94.7%

Median: 92.1%Around typical

3-Year Income CAGR

22.9%

Median: 8.7%Top quartile

Efficiency & Health

Charitable Spending

94.6%

Fundraising Eff.

% income retained

18.9%

Governance Cost

% of expenditure

0.2%

Grant Making

% given away

Debt Ratio

% of assets

20.1%

Survival Ratio

Months of reserves

3.6 months

Income Profile

Donations & Legacies

% of income

5.3%

Government Reliance

% of income

89.8%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 16165

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

10.0%↑

Income CAGR (3yr)

Compound growth

22.9%

Volatility

Stable

12.7%

Reserves Trend

Direction

Building

Governance

Employees

Staff count

364

Volunteers

Volunteer count

Volunteer Ratio

Per staff member

0.1:1

Revenue/Employee

Per head

£34,013

Trustee Benefits

Payments to trustees

High Earners

Earning over £60k

0.5%

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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