The Migraine Trust supports sufferers and their families by funding and promoting research, improving diagnosis and treatment, providing information and advice and raising awareness of migraine.
Total income: £410,000 (2003 was £945,000 because of the Migraine Trust International Symposium, which occurs every two years).
Highest salary: No employee earned more than £50,000.
Reserves policy: The charity maintains a fund to protect against contingencies and unexpected falls in income, which is calculated with reference to running costs. The present contingency fund is equal to 12 months' running costs, and this is reviewed annually.
Fundraising costs: The charity spent £127,000 on fundraising and its voluntary income was £375,000. This gives it a fundraising ratio of 34p in the pound. This was higher than the previous year, when it was 31p.
How performance is communicated: The annual report is not bad, describing the various ways in which the charity meets its objectives.
It describes some of the activities during the year but does not describe particular targets or objectives from the previous year or for the year to come.
The website (www.migrainetrust.org) has a lot of good information for beneficiaries but does not contain much on the charity's performance.
The charity says: "Every other year our income is substantially higher because we host the Migraine Trust International Symposium. We are working hard to diversify our income stream so that we are less dependent on legacies and receive a higher proportion of income from our supporters. A key part of this has been the acquisition of a new database that will enable us to carry out much more effective targeting of our contacts."