Focus: Finance and Governance - The Numbers - Trojans

Patrick McCurry

Trojans provides before and after-school and holiday childcare schemes at schools in south London.

Total income: £961,000 for the year ending 31 March 2005, up from £847,000 in 2004.

Highest salary: No employee earned more than £60,000.

Reserves policy: The charity has a policy of holding a reserve of at least 13 weeks' operating costs. By the end of the last financial year, this level had not been reached and, at the current levels of income and spending, is not expected to be reached for about three years. At the end of the year, unrestricted reserves were £169,000, which would cover nine weeks' running costs.

Fundraising costs: Only a tiny proportion of income was from fundraising, so it is not appropriate to calculate a ratio. The charity aims to develop its fundraising to focus on unrestricted core funding that could fund expansion and development plans.

How performance is communicated: The annual report is basic, but it does have a good description of objectives for the following year and onwards, including plans to expand both locally and nationally. The annual report, which gives more details and includes case studies, can be found online at www.trojansscheme.org.uk.

The charity says: "This is an exciting time as we explore the possibility of branching out into new geographical areas, particularly in the context of the Government's extended schools agenda. We aim to open a further 30 or so sites during 2006.

"During the year, grants receivable fell from £452,000 to £407,000, although generous grants were received from the New Opportunities Fund and from Lambeth Council.

"Running costs increased from £788,000 to £996,000. This was largely due to the rise in personnel costs and the high cost of supporting training."

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