Tearfund is an evangelical relief and development charity. Its partner-based work involves 500 projects in more than 70 countries, covering HIV/Aids, health, sanitation, basic literacy and disaster management.
Total income £53m for the year ending 31 March 2005, up from £35m in 2004.
Highest salary General director Doug Balfour earned between £60,000 and £70,000.
Reserves policy The charity aims to hold reserves of between £3m and £5m, or one to one-and-a-half months' total spending. At the year-end, the balance was above this, at £6.5m, because of lower than budgeted levels of unrestricted spending.
Fundraising costs The charity spent £4m on fundraising and publicity, and its voluntary income was £45m. This gives it a fundraising ratio of 9p in the pound, down from the previous year's 12p.
How performance is communicated The annual report and accounts are presented in clear language and give an excellent account of performance. Tearfund develops a three-year corporate plan and the annual report provides examples of the outcomes against the objectives contained in the plan. There is good use of performance indicators and assessments of the difference the charity has made in its activity.
The charity says "After the overwhelming supporter response to the Asian tsunami and the crisis in Darfur, the charity's total income exceeded £50m for the first time. This included £8.6m in response to the tsunami and £6.9m in response to the Darfur appeal. There were record levels of income from institutions and legacies.
"In the past two years, we have undertaken a strategic review of our geographic scope. This recommended a more focused approach that will see us reduce the number of countries in which we operate."