How We Spend Our Money

MindWise is a registered charity, and we rely on contracts and donations in order to operate. We’re committed to being open and transparent in our income and expenditure.

Where our income comes from

The principal funding sources for MindWise continue to be contract income from the Health and Social Care Trusts, Supporting People / Northern Ireland Housing Executive and the Department of Justice, along with time-limited programme funding, sales and investment income. Here’s a breakdown of our income for 2021-22:

Almost half of income is related to Housing Services, although a policy of income diversification has resulted in growing income from other areas, most notably advocacy services which includes our Money Advice Service funded by Lloyds Banking Group and the Northern Ireland Appropriate Adult Scheme funded by the Department of Justice.

How we spend our money

The costs of raising funds and the governance costs will be paid out of the net incoming resources.

For a full breakdown of our income, costs and expenditure, please download our Financial Statement (2021-22)