Finance News: The Numbers - Barnardo's

Patrick McCurry

Barnardo's delivers services to more than 100,000 children, young people and families, ranging from daycare centres to residential schools and short-break care services. It also campaigns on behalf of vulnerable children.

Total income £163m for the year ending 31 March 2004, up from £137m in 2002/03. Figures include net trading income.

Highest salary Chief executive Roger Singleton was paid between £110,000 and £119,999.

Reserves policy Barnardo's plans to generate small revenue surpluses so that adverse fluctuations in fundraising do not have an impact on its work. At the same time, it aims to build reserves sufficient to cover a number of risk scenarios, including interruptions to cash flow and setbacks in the stock and property markets.

Fundraising costs The charity spent £12m on fundraising and publicity, and its donated income was £50m. This equates to 24p for every £1 raised, roughly the same as the previous year.

Pension Under the FRS17 accounting standard, the final salary scheme was in deficit by £80m at the financial year end.

How performance is communicated The annual report is fairly good and tries to avoid financial jargon. There is a useful graphic that summarises the charity's sources of funds and where they are spent. The annual review contains case studies, reader-friendly financial information and an explanation of how the charity is attempting to measure its performance. The website also has a lot of information - visit

The charity says Growth was mainly driven by a 30 per cent increase in statutory income. This brings into sharp focus the need to recover the full overheads associated with the work from funders. Otherwise, the added burden falls upon voluntary funds, which are not growing at the same rate.

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