Focus: Finance and Governance - The Numbers - Salmon Youth Centre

Patrick McCurry

The charity is a Christian-based organisation providing youth services in Bermondsey, south London

Total income: £967,000 for the year ending 31 August 2004, up from £308,000 in 2003.

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

Reserves policy: The charity aims to hold general reserves equivalent to between six and nine months' worth of spending, or roughly £300,000.

But general funds, which constitute the free reserves, were far below this target and totalled £116,000 at the end of the last financial year.

Fundraising costs: The charity spent £72,000 on fundraising and raised £654,000 for a capital project. This gave it a fundraising ratio of 11p in the pound.

How performance is communicated: The trustees' report gives a useful summary of the youth centre's work and focuses on the current major redevelopment of the charity's building. The charity has been involved in a major capital appeal that has raised funds to expand and develop its base.

The report could contain more data, such as information on the numbers of young people it has worked with. The charity says it is in the process of building a website, which will allow it to communicate its work more widely and effectively.

The charity says "It's an exciting time for us because we have raised £6m for the redevelopment of our centre from sources including an Active England lottery award and Southwark Council. We have also continued to develop and expand our youth work.

"The operational budget needs constant replenishing, as one funding stream or opportunity comes to an end and another one starts. The continual management of this process enables us to produce a more balanced budget."

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