The numbers: The Licensed Trade Charity

The Licensed Trade Charity assists those working in or retired from the licensed drinks trade.

Total income £13.6m for the year ending 31 December 2005, up from £12.3m in 2004.

Highest salary One employee was paid between £150,000 and £160,000.

Reserves policy The charity aims to hold reserves equivalent to at least two years' operating spending, or about £27m. Reserves at the end of the financial year were £47m.

Fundraising costs General fundraising costs have not been broken down, but the charity says a more direct allocation for fundraising will be contained in next year's accounts. The charity spent £67,000 on events fundraising, and its total events income was £178,000.

Pension The charity operates a final-salary scheme. The most recent valuation of the scheme, in April 2005, highlighted a deficit of £2.15m. The trustees paid £2.15m into the scheme in August 2005.

How performance is communicated The charity says it has received feedback on the need to clarify how its money is spent, following its formation through a merger in 2004. In the annual review it highlights its work with beneficiaries. But it downplays the fact that nearly 80 per cent of its income and spending is related to its two schools in Ascot and Reading. There is not much information on performance in the review, but the trustees' report and accounts contain some useful data, including a description of how the charity has performed against its strategic plan. The review is available at www.licensedtradecharity.org.uk.

The charity says: "This was our first annual review after the merger of the Society of Licensed Victuallers and the Licensed Victuallers National Homes. We wanted to raise awareness of our welfare provision and highlighted that in our reporting. Fundraising has been a challenging area, and charitable spending has increased."

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