Finance: The Numbers - The 'Not Forgotten' Association

Patrick McCurry

Founded in 1920, the 'Not Forgotten' Association acts for disabled ex-servicemen and women. It provides TV sets for people with limited mobility, as well as group holidays, outings and entertainment in care homes.

Total income £750,000 (up from £550,000 in 2004).

Highest salary No employee received a salary of more than £50,000.

Reserves policy The charity has an investment portfolio of £2.5m, equivalent to about four years' spending. It says that reserves built up over previous years are increasingly being spent on its entertainment programme for war veterans.

How performance is communicated

The annual report is straightforward but reasonably brief. It includes some figures on numbers of beneficiaries helped and comments on the charity's future aims. A glossier annual review fleshes out some of the charity's future strategy but parts of it seem like a photo album. The financial statistics, however, are well presented using graphics and pie charts.

These reports are not available on the website at www.nfassociation. org.

Fundraising costs The charity spent £16,000 on fundraising and its fundraised income was £588,000. This gives it a very low fundraising ratio of 3p in the pound, thanks partly to its extensive use of volunteer fundraisers.

The charity says "Our income was up by 36 per cent in the year, largely due to increased legacy income, and that meant we had an operating surplus for the first time since 1995-96. One consequence of this was that we did not need to recall any money from our investment portfolio (£50,000 had been withdrawn the previous year). The trustees believe the level of reserves is appropriate to the charity's current needs and the growing level of demand on resources expected over the coming years."

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