Focus: Finance and Governance - The Numbers - St Mungo's

Patrick McCurry

St Mungo's mission is to house, support and care for vulnerable people in London.

Total income: £37.4m for the year ending 31 March 2005, up from £36.8m in 2004.

Highest salary: The chief executive, Charles Fraser, earned £84,000.

Fundraising costs: The charity raised £2.9m from its fundraising and its fundraising costs were £130,000, giving it a fundraising ratio of 5p in the pound.

Pensions: St Mungo's is part of a defined-benefit pension, the Social Housing Pension Scheme, run by the Pensions Trust, and also operates a group personal pension scheme with Friends Provident. To meet future funding deficits on the defined benefit scheme, the charity decided in 2004 to increase its contribution rate from 10.6 per cent to 11.7 per cent of pensionable salaries.

How performance is communicated: The information in the annual review is clearly presented and includes useful 'key facts' tables of achievements during the year.

It is well laid out and does not try to overwhelm the reader with information.

However, there is little on the charity's aims or on how the achievements during the year linked to objectives from the previous year. The website is good, with clear descriptions of the charity's activities.

It is available at www.mungos.org.

The charity says: "Income was affected by central government's decision to hold Supporting People funding at the previous year's level. Rent income increased by £500,000 to £10.6m, and our own fundraising efforts produced £2.9m, £400,000 more than the previous year. The surplus for the year was £1.1m, £600,000 less than the previous year. At a time when there is pressure on our main source of income, the low level of surplus is a major concern and we continue to look for efficiencies where possible."

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