Focus: Finance and Governance - The Numbers - Arthritis Research Campaign

Patrick McCurry

The charity funds research and carries out education relating to arthritis and rheumatic disease.

Total income £30m for year ending 31 July 2005, up from £21m in 2004.

Highest salary Fergus Logan, chief executive of the charity, earned between £80,000 and £90,000.

Reserves policy The charity's policy is to hold free reserves equivalent to up to one year's spending on research centres and charity operating costs. At the end of the year this ratio equated to £9.4m but total unrestricted reserves were £24m, because of factors such as higher-than-expected legacy and intellectual property income.

Fundraising costs The charity raised £20m in voluntary income (including legacies) and its fundraising costs were £1.2m, giving it a fundraising ratio of 6p in the pound.

How performance is communicated The annual review gives a reasonable description of the charity's work, with good use of graphics to communicate where it focuses its research spending.

The technical research funded by the charity is described in reader-friendly language. The website is good, with straightforward 'how the money is raised' and 'how the money is spent' descriptions in the 'about us' section.

The annual report, accounts and review can be seen at www.arc.org.uk.

The charity says: "The year was an exceptional one for income, which exceeded £30m for the first time, and which has been augmented by gains of more than £8m in the market value of investments. Legacy income, our biggest income stream, increased significantly. Included in the income figure is almost £5m in royalties from intellectual property rights for new drugs for inflammatory arthritis. The royalties had not been anticipated on such a scale. As a result, we will be able to considerably expand research activities in future."

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