Finance: The Numbers - British Heart Foundation

Patrick McCurry

The charity aims to 'play a leading role in the fight against cardiovascular disease so that it stops being a major cause of disability and premature death'.

Total income: £90.5m (up from £83.4m in 2002/03 and £78.2m in 2001/02).

Highest salary: Ken Blair, chief executive of retail operations, is paid between £130,000 and £140,000.

Reserves policy: The charity aims to have between six and 18 months' operating costs in reserve. At the end of the year, the operating reserve was £11.8m, equivalent to six and a half months' non-retail operating costs.

Fundraising costs: The charity spent £16.1m on fundraising and publicity last year and its donated income was £74m, which means it spent 21.7p for every £1 raised. This was less than the previous year, when the ratio was 24 per cent.

Pension: The final salary scheme, which was closed to new entrants from June 2001, was in deficit by £6.5m at the end of the financial year.

How performance is measured: The annual report contains numerous descriptions of the charity's work, divided into "action", "impact" and "next steps".

Accessibility of information: The annual report and accounts are available online (www.bhf.org.uk).

The charity says: Over the past year we've seen income continue to grow - but there is never room for complacency. We operate in an increasingly professional and highly competitive environment which means that we will have to work smarter and harder than ever before. Our commitment to drive down costs has never been stronger and our move up one place (from fifth to fourth) in CAF's top 500 fundraising charities is an achievement we are hugely proud of. Our position among the country's top fundraising charities demonstrates the phenomenal work of our supporters and staff across the UK.

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