Total income: £9.1m for the year ending 31 March 2007, compared with £13.5m for the year before.
Highest salary: One employee earned between £60,000 and £70,000.
Reserves policy: The charity aims to hold a general reserve equivalent to about 10 months of unrestricted spending. During the year, unrestricted reserves increased from £7.3m to £9.1m. This figure is significantly higher than the reserves target, but part of this sum was earmarked to buy land and facilities to replace those being leased. A programme of improving equine winter facilities will also call upon reserves.
Fundraising costs: The charity spent £1.68m on generating voluntary income, which totalled £7.7m. This gave it a fundraising ratio of 22p in the pound. The previous year's ratio was 13p.
Pension: The charity operates a money purchase pension scheme and contributes 1.5 per cent of employees' gross salary with an extra 1 per cent for those who contribute.
How performance is communicated: The website (www.redwings.org.uk) describes what the charity does and contains some figures to give an indication of the scale of activity. The trustees' report and accounts, which are not available on the website, provide more information on performance. This includes a table listing key performance indicators for the year compared with previous years, as well as a commentary explaining the reasons for significant changes between years.
The charity says: "Despite the fall in income compared with the previous year, voluntary income was still satisfactory, given that the previous year's result arose from our merger with the Ada Cole Memorial Stables. Our main source of income is from public donations, gifts and legacies. Legacy income fell by £785,000 in the year. Fundraising is an integral part of our work and we have a supporter base of 175,000."