Focus: Finance and Governance - The Numbers - Headway

Patrick McCurry

Headway promotes the understanding of all aspects of brain injury.

Total income: £1.47m for the year ending 31 December 2005, down from £1.59m in 2004.

Highest salary: Chief executive Peter McCabe earned between £70,000 and £80,000.

Reserves policy: Total reserves at the end of the last financial year stood at £1.1m, but the charity says this figure is misleading because it includes restricted funds and those held on behalf of branches.

Unrestricted funds that can be used for general charitable purposes were £495,000, which is equivalent to nearly six months of unrestricted spending.

Fundraising costs: The charity spent £286,000 on fundraising and publicity costs, and its fundraising income was £1.1m. This gave it a fundraising ratio of 26p in the pound, slightly down from the previous year's ratio of 28p in the pound.

How performance is communicated: The annual review outlines achievements during the year but does not include much on the charity's future objectives.

It refers to progress against key strategic objectives, but it doesn't spell out what these objectives are.

There is detail on performance and strategy in the more formal trustees' report and accounts, but neither this report nor the detailed information is on the website. The annual review, however, is available at the website

The charity says: "Our overall financial position is healthy, with funds increasing by £34,000 in 2005. It was a challenging year for fundraising because of staff shortages. Donations and gifts were lower than in 2004, mainly because we received two exceptional gifts in 2004. In other areas, our first training manager was appointed and we recruited a standards manager to help us improve every aspect of our work."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus