RETHINK MENTAL ILLNESS

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

MHA

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The 2025/26 budget supports strategic growth to meet rising demand and prioritises a return to financial sustainability and meeting our reserves target. During Q4 of 2024/25 we delivered significant cost improvements across the charity, most materially in central support costs. In the event of further downside risk materialising we have mitigating actions ready to implement to ensure we achieve our financial targets for the year. Ongoing risk areas include fundraising targets, potential contract loss, and market volatility affecting investments. Stress testing to March 2027 confirms that reserves and liquidity remain robust, even under adverse conditions. Trustees therefore continue to prepare the accounts on a going concern basis.”

Group structure

1. RETHINK MENTAL ILLNESS · parent
   1. Rethink Trading Limited 100% · England and Wales · provision of community based mental health related services across England.
   2. NSF Trustees Limited · England and Wales · to act as a Corporate Trustee of any Trust whose objectives include provision for a person or persons suffering from severe mental illness.
   3. Rethink Trust Corporation Limited 100% · England and Wales · to undertake trust business including acting as trustee under wills and settlements and acting as executor and administrator.
   4. Rethink Severe Mental Illness Limited · England and Wales
   5. Rethink Mental Health Limited · England and Wales

Significant events

• “The MaPS - Breathing Space Fund service closed during the year (2024/25).”
• “As at the year-end, the Charity had been notified of legacies due to the Charity with a potential total value of £763,000. These have not been recognised as income during the year on the basis that amounts to be received may vary materially from the estimated values.”
• “On 3 July 2025, the Group acquired a 51% controlling interest in Mental Health UK, bringing Mental Health UK into the Rethink Mental Illness Group and strengthening the long-standing bond between each entity and the wider partnership.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +1.9%

  £40,291,000 → £41,060,000

• Cash

  -26.9%

  £3,581,000 → £2,617,000

• Net assets

  -32.9%

  £12,111,000 → £8,132,000

• Employees

  +0.7%

  1,167 → 1,175

• Wages

  +7.8%

  £27,763,000 → £29,919,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers