Finance: The Numbers - RNID

Patrick McCurry

The RNID aims to improve the quality of life for people who are deaf or hard of hearing. It campaigns, lobbies and raises awareness of issues, and provides services, such as the typetalk operator phone link, and research.

Total income £42m for year ending 31 March 2004, down from £45m in 2002/03.

Highest salary Chief executive John Low earns between £90,001 and £100,000.

Reserves policy The target for free reserves is from £4.75m to £5.75m, equivalent to eight to nine weeks' unrestricted spending. At the end of the year reserves stood at £6.3m.

Fundraising costs The charity spent £3.9m on administration and fundraising and its voluntary and grants income was £14m, which means it spent 28p for every £1 raised, down from the previous year, when the ratio was 30 per cent.

Pension The final salary scheme, which was closed to new entrants from October 2001, was in deficit by £7m at the end of the financial year.

How performance is measured The annual report presents a dry and technical description of the RNID's activities and is heavy on jargon. A separate "impact report" has limited financial information but does describe in a lively way the effect of the charity's work and its aims for the coming year.

Accessibility of information Reports are available at www.rnid.org.uk.

The charity says The underlying level of income in 2003/2004 was similar to that in the previous financial year. Costs, however, showed the benefit of reorganisation in the previous 12 months and an operating surplus of more than £500,000 was recorded. Although the pension scheme is showing a deficit, this fell by £2.3m during 2003/04. Action has also been taken to address the deficit by increasing the contributions made by the RNID and its members with effect from April 2004.

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