The numbers: The National Association for Gifted Children

The National Association for Gifted Children supports the social, emotional and learning needs of gifted and talented children.

Total income: £317,000 for the year ending 30 April 2007, compared with £324,000 for the previous year.

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

Reserves policy: The charity's aim is to hold unrestricted reserves equivalent to six months' total spending. This would equate to £170,000. At year-end, reserves were £136,000. Although the strategy is to build reserves through planned operating surpluses, the board of trustees recognises that this may not be possible in the short term.

Fundraising costs: The charity spent £30,000 on generating funds, and this raised £214,000, giving it a fundraising ratio of 14p in the pound. The previous year's figure was 11p in the pound.

Pension: There is a money-purchase pension scheme to which the charity contributes 6 per cent of salary.

How performance is communicated:  NAGC's website (www.nagcbritain.org.uk) includes a clear description of the charity's role and activities. It also contains 'impact reports' for 2005 and 2006. These contain information on activity and the charity's future plans, if not a great deal on actually measuring impact. The trustees' report and accounts give more detail about the charity's work and include information on sources of funding and details about strategy. The charity intends to amalgamate its impact report and annual report next year and put the resulting document on its website.

The charity says: "We suffered during the year from limited resources and insecurities over funding, but sought, through financial management and the support of staff, to keep the deficit down. Just over half our income came from the DfES grant. We have been working hard to see how we can diversify our income streams and reduce dependency on this source of income."

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