Focus: Finance and Governance - The Numbers - Kids Company

Patrick McCurry

Kids Company aims to deliver emotional and practical support through counselling and therapeutic use of the arts. It was founded in 1996 by Camila Batmanghelidjh.

Total income: £2.4m for the year ending 31 December 2004, up from £1.8m in 2003.

Highest salary: One employee earned between £60,000 and £70,000.

Reserves policy: General reserves at the end of the year showed an unrestricted deficit of nearly £500,000. The charity's long-term policy is that unrestricted funds not committed for a specific purpose should represent at least six months' annual spending. In the short term, the aim is to reduce the deficit as quickly as possible.

Fundraising costs: The charity raised £2.2m and its fundraising costs were £64,000. This gives it a fundraising ratio of 3p in the pound.

How performance is communicated: The trustees' report carries useful statistics to illustrate the charity's activity and success in areas such as reintegrating children with serious mental health and behavioural difficulties into mainstream education.

The charity says it hopes to work with medical researchers to assess the impact of its approach on helping vulnerable young people. The website, www.kidsco.org.uk, includes a short evaluation of the charity by the Government's anti-social behaviour unit.

The charity says "During the year, we took a giant step towards securing our long-term financial sustainability by securing £3.47m from the Treasury's Invest to Save budget. We were also generously assisted by risk capital fund Venturesome with a £100,000 loan and help in gaining a £75,000 grant.

"Business in the Community brought a group of private sector senior executives to visit us. After seeing our work, they were so impressed that they committed £100,000 between them."

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