Total income £150,000 for the year ending 30 June 2006, compared with £61,000 for the year before.
Highest salary There are no paid employees.
Reserves policy The charity aims to hold free reserves equivalent to one year's cost of providing educational grants. At year-end, free reserves were £53,000 - enough to pay for scholarships for the following year.
Fundraising costs The charity spent £11,000 on fundraising and its voluntary income was £134,000, giving it a fundraising ratio of 8p in the pound. There is no ratio for the previous year because the charity spent nothing on fundraising.
How performance is communicated A-Cet is a relatively small charity with very limited resources. This clearly creates challenges for the communication of performance. The trustees' report and accounts have some useful information about strategy and performance, but there is perhaps too much detail about individual students and the text is very dense. There is, however, a useful overview of the charity's work in the report, and the charity was a joint winner in the 2006 Charities Online Accounts Awards for charities with incomes of less than £100,000. The website is more accessible; see www.a-cet.org.
The charity says: "Our main growth has been online, with more than 70 per cent of our income generated online from 20 countries worldwide. Without the web we could never have grown at this rate. After seven months of this year, our income is already more than £130,000, so we have maintained momentum.
"The year 2005/06 saw a major change in our focus. To reach more vulnerable children over a longer time, we have put a ceiling on recruiting new students for individual scholarships so as to concentrate on educational projects supporting community rural elementary schools."