In the last quarter of 2009 we received a large legacy and a large, unexpected, corporate donation. The charity thus finished 2009 with a surplus of £78,783 and with reserves at a record high of 25 weeks. With funding secured from the Big Lottery Fund for the first full year of our Telling Tales project, the Trustees agreed a budget for 2010 which aimed to increase expenditure by 39% and reduce reserves to 17 weeks. Expenditure actually increased by 42% and, due mainly to disappointing fundraising from Charitable Trusts in the final quarter of the year, reserves fell to 14 weeks. Our reserves policy states “unrestricted reserves should be equivalent to at least 13 weeks of annual expenditure and ideally should be equivalent to 26 weeks.”  

The budget for 2011 is for expenditure to remain at 2010 levels unless specific funding for new work is received. The Trustees will be closely monitoring income levels, particularly from Charitable Trusts, in case the poor final quarter of 2010 results continue and force a rethink on expenditure plans.

These graphs are based on figures from our audited accounts for 2010 (0.3Mb). You can also download our 2009 accounts (0.3Mb) and our 2008 accounts (0.3Mb).

Copies of our accounts are also independently available from the Charity Commission. They also have copies of our accounts from previous years.

Our latest Quarterly Management Accounts are also available on request..

Information about charities and how they are financed can be found at http://www.charityfacts.org

You can also find out more about us via our GuideStar profile.