Focus: Finance and Governance - The Numbers - The Prostate Cancer Charity

Patrick McCurry

The Prostate Cancer Charity funds research, offers support and raises awareness of prostate cancer

Total income: £3.2m for the year ending 31 March 2005, up from £3m in 2004.

Highest salary: One member of staff earned between £60,000 and £70,000.

Reserves policy: Taking into account income streams and the pattern of spending, the charity aims to have a free reserve that is equivalent to three months' unrestricted fund spending, which was £552,000 during the year. At year end, free reserves were £636,000.

Fundraising costs: The charity raised £3.1m in voluntary income (including legacies) and its fundraising costs were £1m, giving it a fundraising ratio of 32p in the pound. The previous year's ratio was 31 per cent.

How performance is communicated: The annual review gives a reasonable overview of the charity's work and is clearly presented. The trustees' report and accounts give more detail but are written in a more technical way. There is little information in either about the future strategic direction of the charity, but a report on the charity's 2004/08 strategic development is available on the website, which can be found at www.prostate-cancer.org.uk.

The charity says: "Fundraised income increased by 7 per cent over the previous year and, to build income, fundraising costs were up 19 per cent. The benefits of this investment are expected to be seen from 2005/06 onwards. Income from community fundraising increased by 12 per cent and from trusts by 23 per cent, but legacy income and corporate income, which had been higher previously due to a one-off partnership, fell. Direct marketing income rose by 25 per cent to £642,000. About 6,000 new donors were recruited during the year, including 500 major new donors, whose average gift was £350."

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Managing risk at outdoor events

Managing risk at outdoor events

Partner Content: Presented By Markel

Voluntary and community events are increasingly popular, especially around this time of year.

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now