Focus: Finance and Governance - The Numbers - Runnymede Trust

Patrick McCurry

The Runnymede Trust is a policy research organisation that aims to promote a successful multi-ethnic society and bring an objective voice to debates on immigration and race equality.

Total income: £304,000 (up from £297,000 in 2003).

Highest salary: No employee earned more than £50,000.

Reserves policy: The charity aims to hold three months of the anticipated monthly spending in reserves, but does not always manage this. The charity monitors income, spending and cashflow through the operations and finance committee and at quarterly meetings of the board of trustees. The trustees are committed to increasing the level of reserves.

Fundraising costs: The charity spent £27,000 on fundraising and publicity, and its voluntary income was £270,000. This gives it a fundraising ratio of 10p in the pound, which was slightly higher than the previous year, when it was 7p in the pound.

How performance is communicated: The annual report and accounts give a readable overview of the charity's work in areas such as education, employment and strategic policy research. There is a separate 'activities report' (available online), which fleshes out the trust's activities. In the descriptions of specific programmes, readers are signposted to the website for further information. The trust's quarterly bulletin is also available online, at www.runnymedetrust.org.

The charity says: "Fundraising activities continued in 2004 and included a number of successful applications for core funding. The financial position remains satisfactory, although funding for spending incurred in 2004 on certain projects was not received until 2005. The objective for 2005 is to diversify the fundraising activities and increase self-generated income."

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